The wheat trade is not willing to accept the Ministry of Agriculture wheat production estimate this year of a record 115.43 million tonnes (mt), saying they are not convinced with the data. They did not agree with the production survey of 110 mt, made on behalf of the Roller Flour Millers Federation of India (RFMFI),...
US stock market ended sharply lower on Thursday, with the benchmark S&P 500 confirming it is in a correction, amid fears for inflation and recession in the world’s largest economy due to the escalating tariff war. All three major US stock indexes closed lower, as broad selloff in tech and tech-related megacap shares dragged the...
Markets staged a remarkable recovery Tuesday, closing nearly flat despite opening sharply lower following weak global cues, while IndusInd Bank shares crashed after revealing significant accounting discrepancies in its derivatives portfolio. The benchmark Sensex ended marginally lower by 12.85 points or 0.02 per cent at 74,102.32 after falling as much as 371 points in early...
We wish our readers a very happy, colourful, and joyous Holi 2025! After five consecutive months of selloff, India’s benchmark Nifty 50 is up over 1 per cent in March so far, driven by signs of economic growth picking up and inflation easing to comfortable levels. Investors are optimistic about a potential revival in corporate...
Target: ₹872 CMP: ₹719.10 We maintain our Buy rating on JK Lakshmi (JKLC) with an unchanged target price of ₹872/share (9x FY27E consolidated EBITDA), post our interaction with the management. After a flattish FY25, we estimate JKLC’s volume growth to accelerate to 9 per cent CAGR during FY25-27E on the ramp-up of its north expansion....
