Riverwood Capital

  The Nifty IT Index has hit a 52-week high at 32,949.55 from its October lows of 26,184, as the sector is expected to see sunnier days, after being marred by macro-economic headwinds in the last couple of quarters.  Scrips of major IT companies have seen positive stock movement. The 10-stock index was led by […]

The market regulator, Securities and Exchange Board of India (SEBI), revoked its earlier wind-up order against Brickwork Ratings (BWR) and passed several directions to the rating major. In a fresh order on Wednesday, SEBI restrained BWR from onboarding new clients for six months and asked it to increase the number of board members to nine

The United Planters’ Association of South India (Upasi) has stressed the need to incentivise exports by way of increasing the rates to five per cent for plantation commodities and 7 per cent for value-added commodities. The present RoDTEP rates for tea at 1.7 per cent, coffee at 1.4 per cent, pepper at 1 per cent

India’s natural rubber production will likely be five per cent lower this fiscal in view of deficient rainfall in Kerala, which accounts for over 90 per cent of the industrial commodity’s production, said Ramesh Kejriwal, President, All-India Rubber Industries Association (AIRIA).  “The rubber growing area will be down by 10 per cent. At the same

HPL Electric and Power Ltd.’s shares fell 2.52 per cent after the company announced an Indian electric equipment manufacturer, has forged an alliance with Wirepas Oy, a global leader in RF mesh technology.  India’s smart metering market boasts 250 million metering points and stands at the threshold of expansion. HPL Electric and Power Ltd’s recent

Target: ₹3,000 CMP: ₹2,101.05 Data Patterns is a high-growth company with consistent margins & improving return ratios. We expect its strong momentum to continue in the medium term. A robust order backlog with a strong order pipeline and the focus on in-house product development and exports, we feel, will aid high growth and margins. Data

Target: ₹180 CMP:₹150.20 We upgrade NMDC to Buy from Add as sales volume in FY24 may breach the 32-40 mt range; long-term volume visibility is clearer as the roadmap for 100 mtpa by FY30, though aspirational, is being worked on; commercial mining in Odisha is progressively getting undermined, resulting in more opportunity; and RoE may

The NSE benchmark Nifty advanced over 33 points to close at a fresh lifetime high of 20,103 while Sensex ticked higher for the tenth straight session on Thursday, helped by fag-end buying in oil & gas, metal and commodity stocks amid a largely firm trend in global equities. After swinging between gains and losses throughout

A sharp drop in domestic prices in August boosted demand for edible oil, leading to an increase in imports. Data compiled by Solvent Extractors’ Association of India (SEA) showed that India imported 18.52 lakh tonnes (lt) of edible oil in August, against 13.75 lt a year ago, registering a growth of 34.69 per cent. India