Deepak Nitrite: March ’22 Results Update
Moneylife Digital Team 10 May 2022
In Q4FY21-22, Deepak Nitrite’s (Deepak) revenue rose by 28% y-o-y (year-on-year) to Rs1,872 crore, primarily driven by higher realisation across segments. Volume growth for several products during Q4FY21-22 partly helped Deepak to deliver revenue growth. Formula-based pricing, increase in wallet share with large customers and addition of newer customers and geographies supported the growth...
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LIC IPO Review: Attractive Pricing Leaves Scope of Initial Gains
Moneylife Digital Team 07 May 2022
In the largest initial public offering (IPO) ever, the government of India (GoI) is issuing shares of Life Insurance Corporation of India Ltd (LIC). LIC was incorporated in 1956 under the LIC Act by merging and nationalising 245...
GHCL Ltd: March ’22 Results Update
Moneylife Digital Team 07 May 2022
GHCL Ltd (GHCL) declared its Q4FY21-22 results on 30 April 2022. We had discussed GHCL Ltd’s (GHCL) special situation due to an upcoming demerger of its textiles business, here, in September 2021. In Q4FY21-22, GHCL increased its...
Laurus Labs: March ’22 Results Update
Moneylife Digital Team 07 May 2022
After a poor performance in the December quarter, revenue bounced back sequentially for Laurus Labs (Laurus) in Q4FY21-22. However, y-o-y (year-on-year) revenue growth was muted, as revenue increased by just 1% to Rs1,425 crore....
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 07 May 2022
INDIAN MARKET TRENDS
From 29th April to 6 May 2022, the Sensex, the NIFTY and ML Mega-cap Index fell 4% each. ML Micro-cap Index, ML Mid-cap Index and ML Large-cap Index fell 5% each. ML Small-cap Index fell 6%.
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