Latest news with #Dhar
Business Insider
2 days ago
- Business
- Business Insider
RBC Capital Reaffirms Their Hold Rating on Dunelm Group (DNLM)
RBC Capital analyst Manjari Dhar maintained a Hold rating on Dunelm Group yesterday and set a price target of p1,200.00. The company's shares closed yesterday at p1,194.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Dhar is a 2-star analyst with an average return of 1.0% and a 55.56% success rate. Dhar covers the Consumer Cyclical sector, focusing on stocks such as Hugo Boss, Avolta AG, and Dunelm Group. In addition to RBC Capital, Dunelm Group also received a Hold from Jefferies's Grace Gilberg in a report issued on July 17. However, on July 18, Deutsche Bank maintained a Buy rating on Dunelm Group (LSE: DNLM). The company has a one-year high of p1,279.00 and a one-year low of p836.61. Currently, Dunelm Group has an average volume of 378.3K. Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is neutral on the stock.
West Australian
2 days ago
- Business
- West Australian
BHP hits year-to-date share price peak as iron ore reaches $US105/t on China's big dam build and steel cuts
China's mega-dam build helped spark an iron ore price revival that has lifted shares in Australia's largest mining company to a 2025 high, but Beijing's clampdown on steel mill cannibalisation is stoking uncertainty. Iron ore futures in Singapore jumped $US1.60 per tonne on Tuesday to trade at $US105/t ($161) after leaping over the $US100/t ($153) barrier late last week. This benchmark price has now rallied 11 per cent since touching lows of $US92/t ($141) less than a month ago — defying predictions by local and international banks that the commodity's value drop would below $US90/t ($138) this year. Iron ore's recent price spike has been attributed to China starting construction on the world's biggest hydropower dam in Tibet. The dam, once complete, will reportedly generate the same amount of energy each year as the entire United Kingdom. The $255 billion infrastructure project requires significant volumes of steel and subsequently boosts demand for steel-making ingredient iron ore. Shares in Australia's major iron ore producers have recorded strong gains over the past few trading days and continued the ascent on Tuesday. Stock in BHP, Australia's biggest miner by market value, rose 2.6 per cent to $41.51 —its highest level since December. Rio Tinto finished up 3.4 per cent at $118.32 and Fortescue lifted 3.3 per cent to $17.81. But Commonwealth Bank analyst Vivek Dhar said the Tibet dam breaking ground was 'unlikely' the sole reason iron ore has rebounded beyond $US100/t. 'We continue to attribute most of the price increase to supply‑side reform in the steel sector,' he said. 'These reforms primarily aim to curb 'involution,' whereby intense competition and overcapacity has crushed margins across several industries.' Competition between China's steel mills has eaten into profit margins, jeopardising the steady supply of steel to the Asian powerhouse's key manufacturing and property sectors. This has led Beijing to intervene with orders limiting steel output across China. How this plays out for iron ore in the longer-term is difficult to predict, according to Mr Dhar. Mandated steel output cuts mean mill owners are usually willing to pay a premium for iron ore, but lower output means an iron ore oversupply could then emerge and drag the commodity's price down. Mr Dhar believes the oversupply scenario is likely. 'It is this logic that underpins our view that the recent rally in iron ore prices is unsustainable,' he said. 'It's worth noting that it is possible for supply‑side reform in China's steel sector to result in sustainably higher iron ore prices. We would need to see outdated and unused steel capacity exit the market.' Citi analyst Paul McTaggart echoed Mr Dhar's sentiment. 'Citi remains cautious on this iron ore rebound; steel production cuts in China should favour steel pricing rather than iron ore pricing,' Mr McTaggart told clients. 'However, for now the interest seems to lie with iron ore and its exposed equities.' Mr Dhar said CBA is predicting iron ore will fall to $US95/t by year's end. Australia's biggest bank had originally expected iron ore to sink to $US80/t this year.
&w=3840&q=100)
First Post
14-07-2025
- Entertainment
- First Post
Ranveer Singh's 'Dhurandhar' First Look Crosses a Staggering 200 Million Views in Under a Week and it Continues to Soar
Dhurandhar is shaping into a movie campaign that will be hard to forget. Adding to the buzz is Hanumankind's fierce verse, which is catching fire online and gaining serious organic traction read more If 100 million views made noise, 200 million is an all-out roar. Jio Studio's & B62 Studios' Dhurandhar, helmed by Aditya Dhar, has doubled its digital impact in record time, crossing 200 million cumulative views across platforms in just under seven days. The high-octane first look, powered by Ranveer Singh's fierce new avatar and Dhar's signature intensity, is now officially one of the fastest-rising promos in recent Indian cinema. The Dhurandhar first look has stormed past 200 million views, led by Jio Studios and B62 Studios massive 141M on Instagram and YouTube in just 6 days, making it one of the fastest-moving first looks in recent initial teaser, fronted by a brooding Singh in a look that's caught nearly everyone off guard, has done more than just introduce a film. It's set the internet ablaze. Singh's raw energy paired with Dhar's sharp direction has left audiences and fans dissecting every frame, especially that now-iconic line, 'Ghayal hoon, isliye ghatak hoon.' STORY CONTINUES BELOW THIS AD The response has been wild. Instagram's flooded, YouTube numbers are climbing fast, and social chatter ranges from breakdowns to bold plot theories. There's talk of real-life parallels, genre shifts, and comparisons to Dhar's earlier work. The trade believes this film is headed for a blockbuster already, and that's part of the thrill. More from Entertainment Who is San Rechal Gandhi, the model who spoke about colourism and has now died by suicide? Backed by a powerhouse team, starring Sanjay Dutt, R. Madhavan, Akshaye Khanna, Arjun Rampal, and Sara Arjun, along with a haunting reinterpretation of 'Jogi', Dhurandhar is shaping into a movie campaign that will be hard to forget. Adding to the buzz is Hanumankind's fierce verse, which is catching fire online and gaining serious organic traction. Presented by Jio Studios, a B62 Studios production, Dhurandhar, written, directed, and produced by Aditya Dhar, produced by Jyoti Deshpande and Lokesh Dhar, uncovers the untold saga of the origins of the unknown men. The film's momentum is undeniable. Dhurandhar has already made its mark and the fans are demanding for the trailer already!
Hans India
12-07-2025
- Business
- Hans India
AM/NS India's Optigal® Range: Delivering long lasting, European standard corrosion resistant steel for Telangana's growing infrastructure needs
ArcelorMittal Nippon Steel India (AM/NS India) today announced the commercial availability of Optigal® Prime and Optigal® Pinnacle, two world class, high performance products in its premium colour-coated steel portfolio Optigal®, in Telangana. Telangana's infrastructure boom – spanning IT, pharma, airports, and industrial corridors – is fueling increased activity. This, combined with variable weather conditions, is creating C4 equivalent corrosive environments, demanding advanced protective steel solutions for diverse applications. AM/NS India's Optigal® range addresses precisely this need, using ArcelorMittal's patented technology to deliver long lasting performance. The launch supports the Hon'ble Prime Minister's call for accelerated infrastructure development under 'Viksit Bharat'. AM/NS India aims to secure a dominant share in the colour-coated steel space in the country, particularly in the southern region. South India, a quality-conscious market, accounts for an estimated 0.6 million tonnes of the colour-coated steel market, while the national market is approximately 3.4 million tonnes. Optigal® Prime, offering a 15-year warranty, is designed for urban and moderately corrosive environments. Available in advanced finishes like Silicon Modified Polyester (SMP), Super Durable Polyester (SDP), and Polyvinylidene Fluoride (PVDF); it is ideal for roofing, cladding, and a wide range of architectural applications. Optigal® Pinnacle, the top-tier variant, is specifically tailored for high corrosion C4 environments found in coastal and heavy industrial areas. Backed by a 25-year warranty, it features robust PU/PA coatings that provide superior resistance to moisture, UV radiation, and extreme temperatures, making ideal for large scale industrial zones and high-pollutant environments, typical around Hyderabad's pharma and manufacturing clusters. "Telangana's infrastructure growth is incredibly dynamic, and our new Optigal® Prime and Optigal® Pinnacle products directly support the momentum," said Ranjan Dhar, Director and Vice President of Sales and Marketing at ArcelorMittal Nippon Steel India (AM/NS India). "This launch underscores our commitment to providing high quality, durable, and sustainably innovative steel solutions. The Optigal® range is engineered for challenging environments, offering unmatched corrosion resistance and longevity, and we believe it will be crucial for building future ready infrastructure across the state. These products are available in India for the first time, outside Europe. They have already been very successful in Europe,' added Dhar. "Having used Optigal® products in Europe with consistently excellent results, I am glad to see their introduction in India. These products have proven their value in terms of durability, performance, and reliability. With India rapidly advancing in infrastructure and industrial development, the demand for such high-quality solutions is growing across sectors. The availability of Optigal® in the Indian market is a timely and much-needed step,' said Raveesh Bagla, Director, Business Development at Kingspan Jindal Pvt Ltd – a joint venture between Kingspan and Jindal Mectec. With a significant presence in Europe, Kingspan is a global leader in high-performance insulation and building envelope solutions. Six specialised variants of Optigal® Prime and Optigal® Pinnacle, including High Gloss, Anti-Dust, Anti-Graffiti, Anti-Static, Anti-Microbial, and Cool Roof, address diverse application needs across Telangana's construction and infrastructure landscape. Developed with advanced Zinc-Aluminium-Magnesium technology, these variants deliver up to three times greater protection against corrosion and weathering compared to conventional coatings.
Sky News AU
09-07-2025
- Business
- Sky News AU
‘Playing with fire': Warning over US President Donald Trump's 50 per cent copper tariffs as Labor struggles to negotiate
Pain for consumers could be on the cards after Donald Trump revealed massive tariffs and Labor struggles to negotiate any exemptions. President Trump this week vowed to enforce 50 per cent tariffs on copper and US commerce secretary Howard Lutnick said the levies would come into effect from July or August 1. It comes as the Albanese government struggles to negotiate tariff exemptions with Trump. Two allies — United Kingdom and Canada — have already secured exemptions amid broader negotiations and commitments to significantly lift defence spending. However, Mr Albanese has been unable to even meet President Trump face to face, much less negotiate a trade deal. Copper prices have soared on Wednesday following Trump's announcement with the metal up more than 14 per cent compared to Tuesday. Commonwealth Bank of Australia's commodities specialist Vivek Dhar warned of pain across the global economy amid the price hikes. 'It may benefit upstream in terms of (US) copper producers, but if you go further downstream to those that consume copper, the higher price paid is something that can really hurt that industry,' Mr Dhar said on Business Now. 'This is something we have precedence of. If we go back to 2018 to 2021, this is exactly what happened with steel and aluminium.' He warned the Trump Administration could ultimately hurt the US economy if its tariff plan goes awry. 'I think the US is really playing with fire and if it doesn't go to plan it could actually be worse for the US economy, just given how the downstream sector response," Mr Dhar said. Multinationals BHP and Rio Tinto have come under the microscope since Trump revealed the massive levies. Both companies mine copper in South America, while BHP also mines in South Australia and Rio Tinto mines in Mongolia. Further backlash to Trump's copper tariff came from Minerals Council of Australia CEO Tania Constable, who said the measures would 'disrupt global trade, undermine investment confidence, and increase costs for consumers including in the United States'. 'Sudden and sweeping trade actions only heighten uncertainty and constrain the ability of businesses to plan, invest and grow,' Ms Constable said. 'The right response is not to raise barriers, but to make economies more resilient, productive and globally connected. 'While Australia's direct copper exports to the United States are limited, trade restrictions imposed on other key trading partners have the potential of disrupting global supply chains, increasing costs, and creating uncertainty for Australian exporters.' Trump's announcement rattled many companies on the ASX including Capstone Copper (down 3.3 per cent), Sandfire Resources (down 3.4 per cent) and Evolution Mining (down 6.6 per cent). The copper levies come alongside planned 200 per cent tariffs on pharmaceuticals that Trump said his administration will enforce in about 'a year (or a) year and a half'. 'We'll give them a certain period of time to get their act together,' Trump said about drugmakers bringing manufacturing to the U.S. Treasurer Jim Chalmers remains on alert after Trump revealed the swath of levies. 'These are obviously very concerning developments,' he told ABC RN. 'It's been a feature of recent months that we've had these sorts of announcements out of DC. 'It's still early days. Obviously, we'll make a more detailed assessment of what's come out of the US in the usual way. The two big announcements were obviously regarding copper and pharmaceuticals.'
