Indian Railways opens door to private steel manufacturers.
Indian Army to spend nearly Rs 40,000 cr to replace its ageing and obsolete weapons. #LT #BEL #BEML to be on focus.
Alkem Laboratories: No form 483 issued USFDA conducted inspection at Company’s manufacturing facility at St Louis, from 23 to 27th Oct 2017.
SBI asks Odisha to take equity in Bhushan Steel.
Ramkrishma Forgings Q2 (YoY):Revenue up 113 % at Rs 333 cr. Net profit at Rs 23.5 cr. vs loss of Rs 5 cr. EBITDA up 124 % at Rs 65 cr. Margin at 19.5 % Vs 18.6%.
Tata Metaliks (Q2, YoY): Revenue up 39.3 % to Rs 450 cr. Net profit up 52.5 % to Rs 33.55 cr. EBITDA up 47.25 % to Rs 67 cr. Margin at 14.88 % Vs 14.08 %.
Sector to watch:
Positive: Defence
Stocks to watch:
Positive: #JINDALSTEL #ALKEM #SBIN #RKFORGE #TATAMETALI
