KEI Industries' share price fell 14 percent in the last two trading sessions after the company reported its operating margins contracted in the July-September quarter.The fall in margins was on account of the higher cost of raw materials and a spike in finance costs and employee expense benefits.KEI Industries stock dropped nearly 5 percent in the October 17 trade to quote at Rs 4,170.10 per share...

Shares of KEI Industries tanked as much as 7 percent on October 16 after the firm's operating margins contracted in the July-September quarter. Despite recording growth in the bottom line as well as topline, the company's EBITDA margin still shrank 70 basis points on year to 9.7 percent in the September quarter as compared to 10.4 percent in the corresponding period in the previous fiscal. The fal...

Asian shares extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers, while investors also took comfort from Federal Reserve minutes showing a pause to its rate hikes is on the cards later this year.The swing in sentiment left the dollar wallowing at one-month lows, with the euro rising to its highest since April 25.MSCI’s broadest index of Asia-Pacif...

Asian shares were down while the U.S. dollar held strong on Tuesday, as Treasury yields spiked to a three year high ahead of U.S. inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3%, after U.S. stocks ended the previous session with mild losses. Australian shares were down...

Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky.Treasury yields eased a little after spiking to nearly three-year highs overnight – with shorter-end yields rising more to flatten the curve – after the Fed raised the pol...