Adani Ports and Special Economic Zone

The Adani-Gadot combine has completed the acquisition of Haifa port in, the finance ministry of Israel said in a statement.

Tata Motors

Tata Motors The company’s subsidiary Tata Passenger Electric Mobility completed the acquisition of Ford India’s Sanand-based manufacturing plant.

December Mutual Fund Data

December Mutual Fund Data Industry posts total net inflow of Rs 4,491.5 crore versus an inflow of Rs 13,263.56 crore in November. Equity mutual funds see inflow of Rs 7,303.4 crore in December vs inflow of Rs 2,258.35 cr in November. Debt mutual funds see outflow of Rs 21,946.7 crore in December vs inflow of Rs 3,668.59 crore in November. Hybrid mutual funds see inflow of Rs 2,255.2 crore in December vs outflow of Rs 6,477.33 crore in November. Average AUM: Rs 40.76 lakh crore vs Rs 40.49 lakh crore in November. Net AUM: Rs 39.88 lakh crore vs Rs 40.37 lakh crore in November.

ZYDUS LIFE

ZYDUS LIFE: CO RECEIVES FINAL APPROVAL FROM THE USFDA FOR FEBUXOSTAT TABLETS || US SALES OF USD 32M

GOA CARBON

GOA CARBON ➡️ *Short Term xxxx 👉FV: ₹10 *All Time High: ₹1012* 52W H/L: ₹320/₹683 Market Cap: ₹498 crores *Promoter holding: 59.72%* *Total Number of Paid-up Shares are 91,51,052 ONLY* Book Value: ₹170 Dividend: ₹10 per share paid with Q1 results EPS for Q2 was ₹38.68 and H1 was ₹54.60 *EEPS for FY2022-23 can be ₹110* ~ _*Note that Goa Carbon is trading at PE of 5.1 ONLY*_ *Further, Goa Carbon is raising funds of ₹200 crores through Rights Issue of Shares and they use these funds for repayment of its outstanding Borrowings, which may lead to decrease in interest cost and increase in profitability.* Goa Carbon is manufacturer of Calcined Petroleum Coke with annual capacity of 308,000MT. *Goa Carbon is Best Performing Small Cap Stock*

Copper likely to witness supply deficit, prices may surge to $10,000/t

Copper will likely move into a supply deficit this year and its prices may rule higher than in 2022 targeting $10,000 a tonne, research analysts say. “On the demand side, we expect a rebound in mainland Chinese copper demand to boost prices along with a weakening dollar. On the supply side, we expect operational issues to persist in Latin America with minimal increases in output in 2023,” said research agency Fitch Solutions Country Risk and Industry Research, a unit of Fitch. ING Think, the economic and financial analysis wing of Dutch multinational financial services firm ING, said despite its bearish short-term outlook, copper should rule above $7,500 throughout 2023 due to tightening supply. Price forecast Goldman Sachs expects copper prices to average around $9,750 this year, with the average price jumping to $12,000 by 2024. Currently, copper is quoting $8,385 a tonne for the three months delivery contract and $8,362 for cash delivery. Online trade provider IG Group’s IG Bank said copper prices could benefit from the Chinese recovery and move into a supply deficit this year. It sees the red metal, which is used in wiring, plumbing, electric vehicles and industrial machinery, to top $9,500. Fitch Solutions said it was raising its copper price forecast to $8,500 a tonne from $8,400 previously, “as demand edges higher alongside a comparatively weaker supply outlook”. IG Bank said $9,030 is the initial target from copper’s upside move and breaking it could take prices to $9,770. “Should copper prices instead retrace to move below the $7,900 level, our bullish assumptions on the commodity would need to be reassessed,” it said. Goldman Sachs said in 2022 the sanctioned copper projects amounted to only 2,63,000 tonnes, the lowest approval in the last 15 years. “...even the extraordinarily high prices seen earlier in cannot create sufficient capital inflows and hence supply response to solve long-term shortages,” it said. Renewable energy demand IG Bank said, “China restocking its inventory that had diminished combined with copper’s increased appeal through greener renewable energies could bode well for prices in 2023.” ING Think, however, said the demand for industrial metals has been hit by surging coronavirus infections in China following “an abrupt exit from Beijing’s zero-Covid policy”. On 2022, Fitch Solutions said competing supply and demand factors caused considerable volatility in copper price in 2022. “Prices weredriven to an all-time high of $10,674/tonne on March 4 by concerns over supply disruptions after Russia’s invasion of Ukraine,” it said. However, prices declined sharply in late April as the global macroeconomic picture worsened and concerns grew over future demand from mainland China in particular. A stronger dollar also capped demand for the commodity which is traded in the currency internationally, it said. A rebound in copper demand from Chinese consumers has provided support to prices, attracted by lower rates and the urgent need to fulfill inventory needs in preparation for the looming demand surge expected in 2023, the research agency said. “We expect the easing of China’s Covid-19 restrictions and the pivot away from its strict zero-Covid policy to boost demand for industrial metals including copper in the coming months, especially as numerous stimulus measures are adopted to support the domestic construction sector. …we see demand rebounding in Q223 onwards,” Fitch Solutions said. Long-term bullish The support of China, world’s chief importer of copper, for the property sector and the curbing of Covid restrictions will increase demand for the commodity as well, IG Bank said. “In the long term, we see copper benefitting the most from these policy changes given its higher usage in all clean energy technologies,” said Goldman Sachs. Fitch Solutions said, “In the longer term, we expect the copper market to remain in deficit as the green transition accelerates along with the demand for ‘green’ metals including copper.” IG Bank said, “Copper supply is said to be very low in the global marketplace with suggestions from the likes of Goldman Sachs, Bank of America and Trafigura that the metal should trade in deficit territory through 2023, possibly reaching new high territory in the year.”

Rolls-Royce Sells Over 6000 Cars In 2022, Highest Ever In Its 118-Year History

Highlights Rolls-Royce sold 6,021 cars globally in 2022. This is the first time that the company's annual sales has crossed 6,000 units. The USA remained the company's largest market, followed by China. Uber-luxury car marque, Rolls-Royce Motor Cars, has released its sales number for the 2022 calendar year. Between January and December 2022, the British brand registered 6,021 units in sales, the highest-ever annual sales. In fact, this is the first time in the company's 118-year history that its sales have exceeded 6,000 in a single 12-month period. Compared to the 5,586 vehicles sold in 2021, Rolls-Royce witnessed an annual growth of 8 per cent year-on-year. Commenting on the company's performance, Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars said, “2022 has been a momentous year for Rolls-Royce Motor Cars. Not only did we reveal Rolls Royce Spectre, our marque’s first ever fully electric series model to the world, it was also the first year we ever delivered more than 6,000 cars in a single 12-month period, with strong demand across our entire product portfolio. But as a true House of Luxury, sales are not our sole measure of success: we are not and never will be a volume manufacturer. Bespoke IS Rolls-Royce, and commissions were also at record levels last year, with our clients’ requests becoming ever more imaginative and technically demanding – a challenge we enthusiastically embrace.”