Trump Says He’ll Exit Iran Nuclear Deal and Reinstate Sanctions. Crude oil price will go up.
- Oil Exploration Company will be biggest beneficiary. Focus on #HINDOILEXP #VEDL.
- Positive for basmati rice exporter like #KRBL # DAAWAT
- Negative for #Paint #Aviation #Chemical sector.
Novelis delivered its best-ever quarterly EBITDA. Good for #HINDALCO
Tata Steel Europe explores potential sale of non-core operations.
Automotive Axles (Q4, YoY) Revenue up 30.5 % at Rs 469 crore. Net profit up 56 % at Rs 28 crore. Ebitda up 51 % at Rs 55 crore. Margin at 11.7 % versus 10.2 %. Board also approves expansion of Axle Housing and Brake capacity.
SKF India (Q4, YoY) Revenue up 8 % at Rs 704 crore. Net profit up 24 % at Rs 72 crore. Ebitda up 34 % at Rs 106.5 crore. Margin at 15.1 % versus 12.2 %.
Stocks To Watch:
Positive: #TATASTEEL #AUTOAXLES #SKFINDIA