Deleveraging and traction in paints business key for further gains
Despite rising debt, margin pressures, the company has maintained its FY22 guidance
Given the sharp increase in global commodity prices, particularly oil, concerns about current account deficit (CAD) and its serviceability have resurfaced
Their revenue share in listed space declined to record low of 27.2% in Q1FY22
Other commodities that have seen their big rallies evaporate include platinum, while once-surging nickel, sugar and even lumber have faltered.
Further rise in raw material prices could impact near term margins
Gold has gained over $150 in first two months of FY22, yielding 9% returns; Bitcoin rally could reverse flow into the metal
The basic philosophy of CCI is based on the assumption that commodities, stocks and bonds trade in a cycle with a peak and a trough arrived at on a periodic basis.
Gold will trade in range until market gets more clarity on the new Joe Biden-administration's policies
The reason ultimately comes down to abundance, price and weight. The commodities that are most important to financial markets have several common characteristics
Metal & mining firms to gain; others may see margins contract
The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks
Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private
Gold ETFs and similar products recorded their eighth consecutive month of positive flows, adding 166 tonnes in July -- equivalent to $9.7 bn or 4% of AUMs, the World Gold Council said
Crude oil bulls look exhausted
Reiterates the view that they should not be regarded as currency
The Wall Street bank sees downside risks in agricultural and energy markets, citing the recent strength as surprising given the massive inventory overhangs and depressed demand
Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200
Experts see the real recovery may prove evasive if virus continues to spread
Weak domestic and export demand is expected to weigh on prices in the near term