Lowe's Financial News

06.07 / 07:17

Lowe's Digital Manufacturing Mobile Enterprise Accenture Accenture in talks with telcos, enterprises for 5G-driven digital enablement

«There are discussions happening with other telcos in different forms,» Saurabh Kumar Sahu, Managing Director, and Lead — Communications, Media and Technology, Accenture in India told ETTelecom, adding that 5G has to be treated like a «very sharp digital enabler» and not like a digital capex solution for operational efficiency. The top executive further said that the multinational is working with more than one telco in the area of next generation technology.

06.07 / 07:05

COST Lowe's Eicher Motors shares tank over 11% in 3 days. Should you buy or sell?

Eicher Motors tanked 11.4% in the last 3 days after rival Hero MotoCorp and Harley Davidson announced the debut of the co-developed premium motorcycle X440 in India. In Thursday's trade, shares of Eicher Motors fell over 3% to Rs 3,207. Analysts stated that HD X440 would rival the likes of Royal Enfield's RE Classic 350 and Hunter 350.

06.07 / 07:05

Provident Lowe's FIVE Booking In election year, $75-80 crude price may pose concerns for OMCs down the line: Dayanand Mittal

Dayanand Mittal, Research Analyst, JM Financials, says “in an election year, high crude prices may not be the right thing for OMCs. Currently they are making good money. Our sense is that probably in a month or so, once they recoup last year’s losses, the government will ask them to pass this on to the end consumers to tame inflation.

06.07 / 06:55

UPS Lowe's Manufacturing Mobile Whirlpool valuations Jefferies downgrades Dixon Technologies rating to ‘hold’ on stretched valuations

₹4,550, the brokerage has downgraded the stock from 'buy' to 'hold'. According to the brokerage report, Dixon Technologies shares now trades at roughly 59x FY24e PE, which is about 30% higher than its historical average, following a recent 55% rally, and the the valuation appears stretched. “Even so, it now trades higher than branded B2C companies such as Crompton Greaves Consumer Electricals Ltd, V-Guard Industries Ltd, Polycab India Ltd, Whirlpool of India Ltd, the company's FY23-26e EPS CAGR at +47% is forecast to be higher than most coverage companies, driven by upside from 5 PLI schemes - Mobiles is the largest.

06.07 / 06:55

COST Lowe's Strategy Metro analysts Godrej Properties hits fresh high amid new land acquisitions; analysts forecast profit rise

Godrej Properties Ltd soared to a 52-week high of ₹1,616 on the National Stock Exchange on Thursday, driven by promising new land acquisitions. The real estate giant recently acquired approximately 15 acre of land in Gurugram, Haryana, and plans to develop for premium residential properties. Additionally, a 7.44 acre parcel in New Alipore, a high-end residential area in Kolkata, will soon be under Godrej's ownership, acquired from the West Bengal Housing Infrastructure Development Corp.

06.07 / 06:27

Lowe's Digital Citizens Chinese Banks Join Beijing’s Efforts to Integrate CBDC With Social Security Cards

Chinese state-owned banks are set to join efforts to integrate the nation’s central bank digital currency (CBDC), the digital yuan, with government-issued social security cards.

06.07 / 06:25

UPS Lowe's NIFTY Voltas shares up 0.22% as Nifty gains

Voltas Ltd. gained 0.22 per cent to Rs 768.3 in Thursday's trade. It hit a high of Rs 772.0 and low of Rs 763.05 during the session.

06.07 / 06:25

UPS Lowe's MET Citizens Merit mk Are OMCs in a sweet spot? MK Surana answers

«Now, whether there is a right time to cut the prices or not when the crude prices were going up, when the prices were not increased, there were definitely a strain on the oil marketing companies. And I think that it is logical for them to recover if they had some sort of under-requirements which they had obviously,» says MK Surana, Former CMD, HPCL.With crude now largely settling around the $75 to a barrel mark, is it really time for OMCs to cut prices? And is there merit in believing that they are now in a sweet spot?First, it is a good thing for the country and for the OMCs that the oil prices are benign, in spite of some sort of production cuts announced even just yesterday by Saudi and some sort of export restriction by Russia.

06.07 / 06:07

UPS Lowe's NIFTY Nikkei KOSPI Asian stocks Asian stocks sink as Fed minutes fuel rate hike bets

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

06.07 / 06:07

UPS Lowe's BLOCK Asia FX sinks after hawkish Fed minutes, dollar strong

Investing.com — Most Asian currencies fell on Thursday, while the dollar held recent gains as the minutes of the Federal Reserve’s June meeting showed that policymakers supported more rate hikes this year.

06.07 / 06:05

Provident Lowe's Manufacturing Markets evenly poised; expect high teens earnings growth; focus on domestic-oriented sectors, says Anand Rathi

Anand Rathi, Chairman of Anand Rathi Group believes the markets are evenly poised on the valuations front. He does not see any risks to corporate earnings right now and expects earnings growth in the high teens for the next two years.

06.07 / 06:05

COST UPS Citi Lowe's CEO Glacier Everyone Wants Interest on Their Deposits. That’s Bad for Main Street Banks.

Nicolet Bankshares thrived in the years after the financial crisis. The lender, based in Green Bay, Wis., bought up smaller banks and focused on the kinds of Midwestern cities and towns that megabanks ignored. Then came the Federal Reserve’s rapid interest-rate increases starting last year.

06.07 / 05:33

COST UPS Citi Lowe's Wise NOT Not just tomatoes, prices of Chillies, Ginger other vegetables also surge. Check state-wise prices here

₹120. Don't know when will the prices come back to normal." In Shimla, tomatoes were being sold at ₹100 whereas other vegetables, including capsicum, pumpkin, cauliflower, and brinjal are also selling at higher prices. Babli Salotra, a Shimla local told ANI that “The prices are very high.

06.07 / 05:33

UPS Lowe's NIFTY SENSEX index Stock market update: Nifty Pharma index advances 0.55% in an upbeat market

Aurobindo Pharma(up 1.85 per cent), Natco Pharma(up 1.37 per cent), Granules India(up 1.19 per cent), Torrent Pharmaceuticals(up 1.17 per cent) and Laurus(up 1.16 per cent) were among the top gainers. Divis Laboratories(down 1.01 per cent), Glaxosmithkline Pharmaceuticals(down 0.67 per cent), Sanofi India(down 0.41 per cent) and Gland Pharma(down 0.38 per cent) were the top losers on the index.

06.07 / 05:33

UPS Lowe's Amid skyrocketing vegetable prices, tomatoes worth ₹2.5 lakhs stolen from Karnataka farmer

₹2.5 lakhs were stolen from her farm in the Hassan district on Tuesday, said the police official. This came amid the soaring prices of tomatoes in the country. Dharani, a woman farmer who grew tomatoes on two acres of land, said they planned to cut the crop and transport it to market as the price reached over ₹120 per kilogram in Bengaluru.

06.07 / 05:33

UPS Lowe's Yellow Southern Orange IMD issues a red alert for Goa as state braces for heavy rainfall and flooding; heavy rains to lash K'taka till July 10

red alert for the coastal districts of Dakshina Kannada, Uttara, Kannada, and Udupi. The IMD has also issued a 'red' alert for Goa, with forecasts of heavy rains in some parts of the coastal state on Thursday. The weather department has predicted the inundation of houses in low-lying areas, the fall of weak trees and structures, localized and short-term disruption of essential services, and low visibility during intense rain spells.

06.07 / 05:13

UPS Lowe's Enterprise NIFTY hospital Apollo Hospital shares rise 2.53 per cent in Thursday's trading session

Apollo Hospitals Enterprise Ltd. rose 2.53 per cent to Rs 5204.0 in Thursday's trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 19445.7, up 47.2 points. The scrip had closed at Rs 5075.75 in the previous session.

06.07 / 05:13

UPS Lowe's NIFTY SENSEX week Stock market update: Stocks that hit 52-week lows on NSE

Rachana Infrastructu, Cell Point(India), Sumeet Ind, Kshitij Polyline and Viji Finance and others were among the stocks that touched their 52-week lows as of 10:30AM(IST)in Thursday's session. Domestic benchmark index NSE Nifty gained 60.7 points to 19459.2, while the BSE Sensex traded 187.74 points up at 65633.78.

06.07 / 05:13

UPS Lowe's NIFTY SENSEX Sensex rises! But these stocks are down 5% or more on BSE

On the BSE, JBM Auto(down 11.92 per cent), Ishaan Infrastru(down 11.29 per cent), Naturo Indiabull(down 9.56 per cent), UTL Industries (down 8.52 per cent) and Tiaan Ayurvedic & He(down 8.28 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 31 stocks traded in the green, while 19 stocks traded in the red.

06.07 / 05:13

UPS Lowe's NIFTY SENSEX index Stock market update: Nifty IT index falls 0.14% in an upbeat market

MPhasis(up 0.11 per cent) and Wipro(up 0.04 per cent) were among the top gainers. HCL Technologies(down 0.9 per cent), L&T Technology(down 0.79 per cent), Persistent Systems(down 0.71 per cent), Tech Mahindra(down 0.45 per cent) and Coforge(down 0.45 per cent) were the top losers on the index.

06.07 / 05:13

Lowe's 3Ws grow 75%, CV retails surpass pre-Covid levels in June: FADA

three-wheeler segment witnessed a 75 per cent growth in June on an annual basis, meanwhile, growth in commercial vehicle segment surpassed pre-Covid levels, as per data released by Federation of Automobile Dealers Associations (FADA) on Thursday.Auto retail sales in June demonstrated a 10 per cent growth, encompassing positive performances across all vehicle categories including 2W, 3W, PV, Tractor and CV with respective growth rates of 7 per cent, 75 per cent, 5 per cent, 41 per cent, and 0.5 per cent. For the first time, CV came out of the effect of Covid and grew by 1.5 per cent when compared to June’19.

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