CMD Raghupati Singhania said the company will deploy around Rs 1,000 crore for expanding its Passenger Car Radials capacity while Rs 380-390 crore will be spent on ramping up the output of Off The Road and Truck and Bus Radials.
He revealed that the Israel-Hamas war will impact crude oil prices, which are almost 55 percent of the cost of a tyre
Amit Gupta of ICICI Direct says in this series whenever Nifty sees any intermediate profit booking for one or two sessions, one should ride the Put options rather than panicking and looking for an upward target.
Siddharth Bhamre of Angel Broking is bearish on the Nifty and sees level of 5,500 in this series.
In an interview to CNBC-TV18, Amit Gupta of ICICI Direct shared outlook on the F&O market and recommendations on various stocks.
In an interview to CNBC-TV18, Hemant Thukral, National Head-Derivative Desk of Aditya Birla Money shared outlook on the futures and options market and stocks across various stocks.
F&O Cues: Total Puts shed 6.1 lakh shares in Open Interest while total Calls added 49.2 lakh shares in Open Interest on Tuesday.
As we entered 2013, everyone expected Nifty to cross the highs far above 6000. Today the Nifty crawled back to the 6,000-mark. In an interview to CNBC-TV18, Amit Gupta of ICICI Direct said that we are into consolidation before making an upmove towards 6,100-6,150 levels.
RBI Deputy Governor K C Chakrabarty has come down heavily on banks showing higher profits without providing adequately for bad loans, and said if need be, the central bank may hike provision coverage ratio (PCR) levels.
With an anticipation of further up-move in the October expiry, we recommend traders to construct a Bull Call spread on the Nifty. It can be initiated by "buying a 5,800 Call and selling a 6,000 Call of the October series".
Short Strangle on Nifty: It can be initiated by selling 5300 Call and 5100 Put of July series. The net premium inflow comes around Rs 45-50, which is also the maximum profit if the Nifty July series expires between 5100-5300. The loss remains unlimited beyond the break-even range of 5350-5050.
The Nifty Futures traded in a tight range of 5,330-5,190 (as on 13th April) with a positive bias in the first half of April expiry.
The Indian stock market continued its upward trend in the February series with the Nifty gaining around 7% in the February expiry series, says Nirmal Bang's Beyond Market report.
The Nifty continues its upward journey in the February expiry, led by sectors such as banking, oil & gas and metals. With good FII inflows, better-than-expected earnings results of certain heavy weight companies and appreciation of the Indian rupee, the Nifty has gained over 3% since the start of the February expiry.
The Nifty bounced back in the January expiry, led by banking, metals and auto sectors. It gained over 5% (CMP: 4866) in the first half of the January expiry.