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Introduction
ITD Cementation India Ltd. engages in the construction of a wide variety of structures. Its areas of operations include maritime structures, mass rapid transport systems (MRTS), dams and tunnels, airports, highways, bridges and flyovers, and other foundations and specialized engineering work.
Observation
As we can see stock breakout its channel with huge trade volume, Open marabuzo and RSI. stock post all time high profit and sales. trade above all the EMA
Let's touch fundamentals
Technical Analysis & indicators 🔍
Brent crude is also a major source of synthetic rubber and other petrochemical products used in tyre manufacturing. As crude prices rise, the cost of these raw materials gains, increasing production costs for tyre companies. With lower raw material costs, tyre manufacturers can enjoy improved profit margins.
At 9.50 am, Asian Paints shares were down 2.5 percent at Rs 3,196 on the NSE, while Berger Paints was down 1.7 percent and Kansai Nerolac sank over 1.2 percent.
Tyre stocks also faced a similar fate. Shares of CEAT, Apollo Tyres, Balkrishna Industries and JK Tyres fell between 1-5 percent in trade. Rising crude oil rates also increases the cost of producing items such as titanium dioxide, a key ingredient for white paint. A rise in crude prices will negatively paint manufacturers as that bumps up their input costs and gives them less leeway to generate higher margins.
2. Adani Enterprises (AEL) has merged two subsidiaries with Adani New Industries (ANIL) to strengthen its green energy ecosystem, as it gears up to ramp up capex with the much-talked about fund raise through the QIP route expected to start next week.
3. Maruti Suzuki Cara Car manufacturer recorded a rise in its total sales in September to 184,727 units against 181,343 units sold a year ago, according to a filing to the stock exchanges on Tuesday.
Educational content 📖
Thu Oct 3, 2024