1) Apollo pipes had a bull run today. The company’s overall sales up 19% to 12,268 MT. Growth was driven by contribution from across product categories, including value-added product segment of fittings. The company anticipates further improvement in sales performance over the next few quarters on the back of a better demand environment combined with an uptick in utilisation levels. 2) Chinese steelmaker, Jingye has expressed an interest in taking over Tata Steel's UK operations, said a leading UK-based televison channel Sky News. “Banking sources said this weekend that Jingye’s interest was at a tentative stage, and insisted that there was not a formal sale process for Tata Steel UK’s operations,” #MOMarketUpdates #MotilalOswal #Indianstockmarkets #Nifty #sensex #tatasteel
Posted On: 05 Oct 2020 5:39 PM
