Deepak Nitrite: September ’22 Results Update
Moneylife Digital Team 22 November 2022
Deepak Nitrite reported weaker numbers in Q2FY22-23. Revenue rose by 17% y-o-y (year-on-year) to Rs1,962 crore, driven by volume growth in advance intermediates and phenolics segment. However, growth was impacted due to a fire at Nandesari (Gujarat) which resulted in 100% loss of production for a month and led to a 15% decline in production volume.
Sales of advance intermediates grew by 26%...
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Rainbow Children’s Medicare: September ’22 Results Update
Moneylife Digital Team 22 November 2022
Rainbow Children’s Medicare (RCM), which went public in April 2022, is a multi-specialty paediatric, obstetrics and gynaecology hospital chain which was earlier backed by the UK-based development finance institution—CDC...
Sapphire Foods India: Sept ’22 Results Update
Moneylife Digital Team 22 November 2022
Sapphire Foods India (Sapphire), a franchisee of Yum Brands, operates on a non-exclusive basis in India. It operates brands such as KFC, Pizza Hut (PH) and Taco Bell in several states in India and across Sri Lanka and the Maldives....
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 19 November 2022
From 11th November to 18 November 2022, the Sensex, the NIFTY, ML Micro-cap Index and ML Mid-cap Index ended flat. ML Large-cap Index and ML Mega-cap Index fell 1% each. ML Small-cap Index fell...
How IPOs Transfer Wealth from Retail Investors to Issuers and Lead Managers
R Balakrishnan, 18 November 2022
I came across two interesting pieces of data on my Twitter timeline. The first is the view of 18 analysts on whether to buy, hold or sell the shares of Nykaa. When the stock was trading at Rs1,153 (before a 5:1 bonus), a majority...
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