Astec Lifesciences: CMO Business To Mitigate Risk
Moneylife Digital Team 23 May 2023
The reopening of China has dealt a heavy blow to Astec Lifesciences’(Astec’s) performance in the past two quarters. In Q4FY22-23, sales dropped by 53% y-o-y (year-on-year) to Rs127 crore. This...
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Tips Industries Ltd: Strong Guidance
Moneylife Digital Team 22 May 2023
Tips Industries Ltd (TIL) announced its results for Q4FY22-23 on 12 May 2023. We had discussed TIL’s business and the special situation in detail in May 2021 (
TIL’s net sales increased 52%...
Sapphire Foods: Tough Conditions Continue
Moneylife Digital Team 22 May 2023
Post-Diwali demand sluggishness and poor performance of Sri Lanka operations led to a moderation of growth for Sapphire Foods (Sapphire). It is further reducing its Pizza Hut (PH) store size in large cities, to reduce costs. It took...
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 20 May 2023
From 12th May to 19 May 2023, ML Mid-cap Index rose 1%. ML Small-cap Index, ML Large-cap Index, ML Micro-cap Index and the Sensex ended flat. The NIFTY and ML Mega-cap Index fell 1% each.
Deepak Nitrite: Move into Downstream Derivatives To Drive Margin Growth
Moneylife Digital Team 19 May 2023
Despite facing volatility in raw materials and energy prices as well as disruptions in global supply chains, Deepak Nitrite maintained high capacity utilisation of its plants throughout FY22-23. However, the Nandesari plant...
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