Tue, Feb 20, 2024 4:17 PM
PNC Infra, HG Infra Construction, Ahluwalia Contracts top Road Infrastru...
A Flip by Shubhangi Gupta
The company's shares have an ROE of 51 per cent and an ROCE of 34 per cent. CFF Fluid Control Ltd has secured a Repair Rate Agreement with the Naval Dockyard, Mumbai for structural renewal work on Indian Navy (IN) ships. This domestic contract, valued at approximately Rs. 5.58 crore (including tax) will see CFF perform repairs and renewals essential for maintaining the operational readiness.
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A lower yen is traditionally seen as positive for Japanese stocks as it should make its exports more competitive. And this is certainly still true to some extent. More than half of the companies in the Topix index are exporters, according to Bank of America. The broker estimated that every additional yen to the dollar in the exchange rate might boost operating profit for companies.
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Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday's low of 21,932, a pullback looks possible to chartists.Last month, the index found support around 21,780 levels, and the 100-Days exponential moving average (DEMA) is placed near 21,820.
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