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Iran war impact on travel: How Jefferies is tweaking its hotel, airline stock portfolio
Jefferies has turned cautious on India’s travel sector as the Iran–Middle East war hurts international traffic, lifts fuel costs and weakens foreign tourist arrivals. It trims earnings for airlines, hotels and travel-tech names, while maintaining BUY ratings on GMR Airports, IndiGo and key hotel stocks.
Super Micro shares tank 14% after co-founder charged for smuggling Nvidia chips to China
The indictment order states that a South East Asian company, acting as a middleman, compiled fake paperwork to appear as if it will use those servers, and then had a separate logistics firm repackage the servers to conceal them before sending them to China.
Oil tops $100 amid Iran-Israel tensions; Asian Paints, IndiGo and other crude-sensitive stocks fall up to 4%
Crude oil prices surged past $100 per barrel due to escalating Middle East tensions. This development impacted shares of paint, tyre, and airline companies, with significant drops observed. Iran's actions, including attacks on tankers and fuel facilities, have heightened concerns about regional security and oil supply.
Asian Paints, Berger & other paint stocks fall up to 5% on oil's 29% spike amid Mideast tensions. More pain ahead?
Shares of Asian Paints, Berger Paints and Indigo Paints fell sharply on Monday after crude oil prices surged nearly 29% amid escalating Middle East tensions. Rising oil costs threaten to increase raw material expenses for paint makers, sparking concerns about margin pressure and further downside risk for the sector.
Sensex stocks: HDFC Bank, TCS, Asian Paints, IndiGo, Trent hit 52-week lows
Ambuja Cements, DLF, Dixon, Gail, Indian Hotels, Shree Cement, REC, Tata Motors PV, Wipro, Suzlon, Coforge, and Info Edge, among the BSE 100 index, also hit their respective 52-week lows amid Iran war
Asian Paints, other paint stocks plunge up to 6% as Israel-Iran war fuels rally in crude oil prices: What lies ahead?
Paint stocks like Asian Paints and Indigo Paints plunged up to 6% as crude oil prices surged due to escalating Middle East tensions following attacks on Iran. The conflict, particularly around the Strait of Hormuz, has raised concerns about oil supply disruptions, directly impacting paint companies reliant on petroleum-based derivatives and pressuring their profit margins.
BPCL, HPCL, IndiGo slide up to 4% as crude oil jumps after US strikes Iran; OMCs, aviation, paint stocks fall
Crude-sensitive shares fell on Wednesday due to rising oil prices after US airstrikes in Middle East. BPCL, HPCL, IndiGo, Asian Paints saw share declines.