1:50 pm Price rise? Bajaj Auto is looking to
raise prices of its two models - Platina and Discover - from next month in
order to partially offset increase in input costs. The Pune-based company had
earlier raised prices of its Pulsar model range by Rs 1,000 at the end of
festival season this year.
"We plan to hike prices of Discover and Platina models in January. We
have not hiked the prices of these models so far," Bajaj Auto Ltd
President (Motorcycle) Eric Vas told PTI.
The company has, however, not yet decided on the quantum of the price hike,
he added. "We have'nt decided on the quantum of the hike so far but it
will definitely depend on two things. One, we will have to look at the sales
performance and secondly also have to consider excise duty structure going
ahead," Vas said.
1:30 pm Interview: RK Jain, Group President Finance, Uflex
in an interview to CNBC-TV18 said there will be no major impact on margins from
crude derivatives. Neither does he expect exceptional jump in profits because
there's being a pass through industry, both fall or rise in raw material costs
is passed on to the consumers. So, this time too the benefits of crude
derivatives will be passed on, says Jain.
However, only if there is too much volatility in the raw material costs then
it becomes a bit difficult to pass though and causes problems in fixing the
prices of products, he adds.
Jain says 85-90 percent of raw material costs for the company are on account
of crude derivatives.
|
SAIL slips as OFS kicks
off, Macquarie maintains underperform
The market has slipped into red as
IT stocks drag. The Sensex is down 61.06 points at 28501.76, and the Nifty is
down 15.80 points at 8548.60. About 1391 shares have advanced, 1319 shares
declined, and 123 shares are unchanged.
IT stocks TCS, Infosys and Wipro
are down 1-2 percent each. Among other losers include Dr Reddy's Labs and
ONGC. Sesa Sterlite, M&M, ITC, Tata Power and L&T are top gainers in
the Sensex.
Manufacturing and services sectors
in India expanded at a faster pace than China in November, even as emerging
market output slipped for the second consecutive month to a six-month low, a
HSBC survey said today. The HSBC Emerging Markets Index (EMI), a monthly
indicator derived from PMI surveys, slipped for the second month running to
51.2, signalling the weakest rate of expansion since May. More information
please visit this site www.bigprofitbuzz.com
|
No comments:
Post a Comment