News Snapshot:
Once second plant is operational in Gujarat, Maruti Suzuki will produce and a whooping 2.5 lakh units more.
Government: Imposes Final Anti-Dumping Duty On Chinese Aluminium Foil For 5 Years, Hindalco to be on focus.
Weak dollar is further headwind fo IT and Pharma business
Sector overview:
Positive: STEEL, ALUMINIUM, SUGAR
Negative: IT, PHARMA
Stocks to watch:
TATASTEEL, UTTAMGALVA,
Tata steel’s pension deal clears huddle for joint venture with Thysaenkrup. Further, Tata steel also posted excellent results yesterday, with loss narrowing to 725 cr from 3213 cr. Post to this blockbuster results, CLSA, MS have upgraded the stock. This is the stock to watch out for
