Issue of 16th May-22nd May 2022
LEAD ARTICLE
Online Moneylife Magazine
Enforcement Directorate Digs up Assets of Karvy Stock Broking that SEBI Failed To Discover since 2019
On 8 March 2022, the enforcement directorate (ED) at Hyderabad issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against C Parthasarathy, founder of the Karvy group of entities, his sons Adiraj Parthasarathy and Rajat Parthasarathy, and the following key entities of the group: Karvy Stock Broking Ltd... Read More
STOCKS
The financial results of Gujarat Fluorochemicals (GFL) were in line with our estimates. The consolidated revenue for FY21-22 grew by 49% to Rs3,954 crore and Q4FY21-22 revenue grew by 28% to Rs1,074 crore y-o-y (year-on-year). Operating profit margin expanded by 800bps (basis points) to 31%...
Moneylife Digital Team
Due to strong performance in all segments in Q4FY21-22, SRF’s revenue grew by 36% y-o-y (year-on-year) to Rs3,549 crore. The strong y-o-y growth during the March quarter was primarily driven by strong earnings traction from the chemicals and packaging business. Revenue from chemicals segment...
Moneylife Digital Team
VST Tillers Tractors (VST) came out with good numbers for March 2022 as its sales grew by 12% to Rs218 crore on a y-o-y (year-on-year) basis and operating profit declined slightly to 14% from 15% sequentially due to higher raw materials prices. Net profit margin (NPM) was flat at 10%. In the...
Moneylife Digital Team
Polycab reported a gross quarterly revenue of Rs3,970 crore, up 17.73% quarter-on-quarter (q-o-q) and 35% year-on-year (y-o-y). Operating profit was Rs476 crore up 31.49% q-o-q and 17.82% y-o-y and net profit was Rs322 crore up 2.22% q-o-q and 18.14%.y-o-y.     According to...
Moneylife Digital Team
Tube Investments of India Limited (TII), covered in detail here, came out with their quarterly numbers last week. TII operates three main verticals, viz., engineering, metal formed products and mobility, which are used in major industries such as automotive, railways, construction, mining,...
Moneylife Digital Team
Chemplast Sanmar (Chemplast), India’s leading producer of suspension poly vinyl chloride (S-PVC) and paste PVC resin, announced its Q4FY21-22 results. We had earlier covered Chemplast in detail here. For Sanmar, Q4FY21-22 was similar to Q3FY21-22, with revenue rising and operating margins...
Moneylife Digital Team
IPO REVIEW
Incorporated in 2008 as a wholly-owned subsidiary of 3i Infotech Ltd (3i), eMudhra Ltd (eMudhra) is the largest licensed certifying authority (CA) in India with a market share of 37.9% in the digital signature certificates (DSCs) market space in FY20-21, up from 36.5% in FY19-20. It provides...
Moneylife Digital Team
Paradeep Phosphates Ltd (PPL) makes a variety of complex fertilisers, such as diammonium phosphate (DAP); three grades of nitrogen-phosphorus-potassium (NPK) fertilisers: NPK-10, NPK-12 and NP-20; zypmite, phospho-gypsum and hydrofluorosilicic acid (HFSA). It is also engaged in trading,...
Moneylife Digital Team
Incorporated in 2007, Ethos Ltd (Ethos) is India’s largest luxury and premium watch retailer; it had a 13% share of the total retail sales in premium and luxury segment and 20% share in exclusively luxury segment in FY19-20. Ethos operates 50 stores spread across 17 cities of New Delhi,...
Moneylife Digital Team
MUTUAL FUNDS
Ever since March 2016, when the market regulator, Securities and Exchange Board of India (SEBI), mandated mutual fund (MF) houses to disclose how much fund managers, directors of the asset management company (AMC) and other key employees invest their own money into their schemes, the data has...
Moneylife Digital Team
In April 2022, Reliance Industries and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of Reliance Industries were Rs2,358 crore. Maruti Suzuki and NTPC were the most sold stocks. The net sales of Maruti Suzuki were Rs658 crore and net sales of NTPC were Rs566...
Moneylife Digital Team
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