Moreover, surge in coal and natural gas prices coupled with falling temperature in China is expected to keep the Oil market under supplied and prices elevated in the days ahead. On Tuesday, WTI Crude scaled higher by 0.66 percent to close at $83 per barrel hovering near record high levels as increasing shortage concerns across the globe continued to support market sentiments. Revival in the US Treasury yield is expected to weigh on the non-interest bearing Gold. commencement of withdrawal of the economic support by next month. However, expectation that the US Federal Reserve would begin with the tapering of the expansionary policy following the recent increase in US consumer prices limited the gains for Gold. Increasing bets over the inflation not being a transitory element has been supportive for Gold as it is widely considered as a hedge against inflation and currency debasement.ДЄlso, weaker than expected industrial activities figures posted by US following the disrupted global supply chain hinted towards weaker than expected recovery in the worldвЂ™s largest economy. The bullion metal gained strength in yesterdayвЂ™s session as increasing inflation concerns and a weaker Dollar boosted appeal for the safe haven Gold. On Tuesday, Spot gold ended higher by 0.24 percent to close at $1768.9 per ounce.

, 11:52:45 AM IST Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel One PAT stood at в‚№351 Cr (+26% YoY, 13% QoQ) vs our expectation of в‚№318 Cr. The company's EBITDA stood at в‚№544 Cr (+31% YoY, +16% QoQ) against our expectation of в‚№488 Cr, while EBITDA Margin improved to 63.5% (our expectation of 62.4%) from 62.9% in Q1FY22 and 60.9% in Q2FY21. ISEC aims to reduce its C-I Ratio to <40% over the medium term. The company intends to continue controlling its fixed expenses even as it continues to spend on marketing and technology. Cost savings and вЂvariableвЂ™-ization efforts continued, which enabled ISEC to maintain its C-I Ratio at 45% (flat YoY/QoQ). Revenues stood at в‚№856 Cr (+26% YoY, +15% QoQ) aided by strong growth in the distribution income and interest income, though broking revenues remained flat. The highlight of the quarter was the continued momentum on customer sourcing as ISEC added ~583K customers during the quarter. (ISEC) reported a strong set of numbers that were above our estimates across all parameters. , 12:09:54 PM IST Axis Securities recommends вЂbuyвЂ™ on ICICI Securities

While, the growth story remains intact, the recent sharp run up in the stock price has led us to downgrade our rating to SELL from HOLD. We expect the company to continue its healthy growth trajectory going forward on the back of normalization of operational hours, accelerated vaccination and opening up of economy aiding improved peopleвЂ™s mobility. Other income was down by 47% at в‚№28cr and PAT came in at в‚№418cr lower than our estimates but higher 111% YoY. EBITDA stood at в‚№669 cr, up 103% YoY on a lower base which was 4.5% lower than our estimates. EBITDA Margin came in at 8.6%, lower than our estimates but higher by 238bps YoY, led by lower base and agile OPEX management. The growth was on the back of strong demand recovery aided by unlocking of the economy as restrictions eased following the second wave led lockdown. , 12:46:38 PM IST Axis Securities downgrades Avenue Supermarts (DMART) to SellДMART for Q2FY22 reported consolidated revenue of в‚№7,789 cr (shade below our estimate) as compared to Rs.

Default folder x 5.3 review