Issue of 29th May-4th Jun 2023
LEAD ARTICLE
Online Moneylife Magazine
SC Committee on Hindenburg Saga Flags ‘Onerous’ Disclosures. Uses Questionable Logic To Recommend Dilution of Norms for Corporate India
I wrote last week that the Supreme Court (SC)-appointed expert committee on the Adani-Hindenburg Research saga had ended up making a powerful legal case for why the Securities & Exchange Board of India (SEBI) would draw a blank (Adani Stock Saga: Clean Chit by SC Committee Raises Questions & Creates a Worrying New Template for Investigation)... Read More
STOCKS
Devyani International (Devyani) reported good numbers in Q4FY22-23 supported by KFC and CC (Costa Coffee) growth and rapid store expansion. The sentiment of consumers continued to be weak. It has on-boarded Pizza Hut (PH) on ONDC (open network for digital commerce) platform and is working...
Moneylife Digital Team
In FY22-23, the total value of defence production in India surpassed the Rs1trn (trillion) mark, registering a growth of 12% y-o-y (year-on-year). This significant achievement has been duly mirrored in the stock market, as companies operating in the defence sector experienced substantial...
Moneylife Digital Team
KEI Industries Limited (KEI) posted good financial results due to strong traction in its retail segment, led by its fastest-growing category—low tension (LT) cables—which was up 31% in FY22-23. Its retail segment as a percentage of sales has been growing consistently over the past five years,...
Moneylife Digital Team
Route Mobile Ltd (RML) declared its results for Q4FY22-23 on 19 May 2023. Its revenue increased 61% year-on-year (y-o-y) and 2% quarter-on-quarter (q-o-q). RML’s strong revenue growth was contributed by organic business growth and also by inorganic acquisitions. RML’s volumes declined q-o-q,...
Moneylife Digital Team
Tube Investments of India Limited (TII) posted its highest-ever consolidated revenue in FY22-23, up 19% year-on–year (y-o-y), at Rs14,965 crore. It is a Murugappa group company, one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining,...
Moneylife Digital Team
Mold-Tek Packaging Ltd (MTPL) announced its Q4FY22-23 results on 3 May 2023. We had discussed MTPL’s business here.   In Q4FY22-23, MTPL’s sales grew 4% year-on-year (y-o-y) and 19% quarter-on-quarter (q-o-q). Its operating profit increased 12% y-o-y and 25% q-o-q and its net profit...
Moneylife Digital Team
Clean Science & Technology (Clean Science) has been adding new products to its portfolio to diversify its revenue base and enhance profitability. It has introduced products such as para benzoquinone (PBQ), tertiary butyl hydroquinone (TBQ) and has started commercial supplies of HAL (hindered...
Moneylife Digital Team
Rainbow Children’s Medicare (Rainbow) declared robust quarterly performance in Q4FY22-23, with almost 50% annual sales growth and more than 100% operating profit growth y-o-y (year-on-year). This was led by exceptional growth in occupancy due to various illnesses, especially viral illness....
Moneylife Digital Team
SMART MONEY
The year was 1993; I was working at CRISIL Ltd. That year, we saw quite a few interesting ‘structured’ obligations that had come to us for rating. One, that was my favourite, was this:   Lokhandwala Construction Industries Ltd (LCIL), a reputed builder, announced a large housing project...
MUTUAL FUNDS
The best three and the worst three mutual fund schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory.  
Moneylife Digital Team
CONSUMER ISSUES
Forget about the organised and large-scale duping or cheating of people that emanates from scam clusters such as Jamtara or Mewat, cybercrime today is a sophisticated business that regularly updates itself and its tools. Using the latest malware or trojans, new-age cybercriminals manage to...
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