INVESTOR INTEREST


Moneylife Digital Team 29 July 2022
We had mentioned in Thursday’s closing report that Nifty and Sensex rise on global cues. On Friday, the indices opened higher and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 2.06 indicating wider positive closing of stocks.   The trend of the...

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Moneylife Digital Team 28 July 2022
The National Company Law Tribunal (NCLT) disposed insolvency proceedings against Infinity Infotech Parks Ltd, saying that the application was admitted based on fraudulent documents. The Kolkata bench of NCLT also held Electroparts (India) Pvt Ltd, the financial creditor (FC), guilty of...

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Moneylife Digital Team 28 July 2022
During the past year, up to 30 June 2022, airlines in India reported 478 technical snags. After conducting surveillance, spot checks and night surveillance, the directorate general of civil aviation (DGCA), has taken action in 21 instances. Further, during the current month, 12 aircraft have...

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Moneylife Digital Team 28 July 2022
Mahindra CIE (MCIE) is part of Spain-based CIE Auto group which manufactures and supplies automotive parts to India and Europe. It posted mixed results in the second quarter of calendar year (CY) 2022 (Q2CY22) as its sales saw a growth but the operating profit margin declined...

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Moneylife Digital Team 28 July 2022
Following SRF, Navin Fluorine International Ltd (NFIL) also reported strong performance in Q1FY22-23. Revenue rose by 22% y-o-y (year-on-year) to Rs398 crore, driven by robust growth in specialty chemicals segment. Specialty chemicals top-line grew by 32% y-o-y supported by repeat orders from...

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Moneylife Digital Team 28 July 2022
On Thursday, the indices opened higher after the US markets ended with an upmove and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 1.50 indicating positive closing of most stocks.   The trend of the major indices on Thursday’s trading are given in...

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Moneylife Digital Team 27 July 2022
The District Consumer Disputes Redressal Commission of North 24 Paraganas, has directed Sahara group unit Sahara Credit Cooperative Society Ltd to refund, along with interest, money invested by an investor in the company's scheme. The District Commission also stated that since the Securities...

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 Aviation regulator DGCA (directorate general of civil aviation) on Wednesday ordered SpiceJet airline to operate only 50% of its flights for eight weeks.   "In view of findings of various spot checks, inspections and the reply to the show cause notice submitted by SpiceJet, for...

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Moneylife Digital Team 27 July 2022
A panel from Securities and Exchange Board of India (SEBI) has cautioned the public against dealing in the properties of PACL group and its subsidiaries, saying no one has been authorised to sell the properties.   PACL, also known as Pearl Group, had raised money from the public in...

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Moneylife Digital Team 27 July 2022
The Securities and Exchange Board of India (SEBI) has proposed a separate framework for platforms providing execution-only services in direct plans offered by mutual funds. Assets Management Companies (AMCs) provide a separate plan for direct investments which are not routed through a...

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Online food delivery platform Zomato, which is going through its worst phase at Dalal Street, has allotted nearly 4.66 crore shares to its employees from its employee stock option plan (ESOP) pool at the face value of Rs1.   The board of directors approved the allotment of 4,65,51,600...

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Moneylife Digital Team 27 July 2022
Meghmani Finechem Ltd (MFL) continued its growth momentum in Q1FY22-23 as well. Revenue jumped by 84% y-o-y (year-on-year) and 7% q-o-q (quarter-on-quarter) to Rs533 crore, primarily led by higher realisations. Volume grew 5% y-o-y due to higher capacity utilisation and better demand. Overall...

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Moneylife Digital Team 27 July 2022
SRF began FY22-23 on a strong note with revenue surging by 44% y-o-y (year-on-year) to Rs3,895 crore in Q1FY22-23. All segments performed well; chemicals segment delivered an exceptional performance. The chemicals segment reported robust 55% y-o-y sales growth at Rs1,722 crore led by strong...

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Moneylife Digital Team 27 July 2022
On Wednesday, the indices opened flat and ended with gain. On the National Stock Exchange (NSE), advance decline ratio was at 1.29 indicating positive sentiment among investors. The trend of the major indices on Wednesday’s trading are given in the table below:     On NSE, 35...

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Moneylife Digital Team 26 July 2022
Nearly 25% or 150.2mn (million) out of the total 617.3mn permanent account numbers (PANs) are not yet linked with Aadhaar, the Union government informed the Rajya Sabha.    In a written reply, Pankaj Chaudhary, minister of state for finance, says, "The due date for linking of PAN with...

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Moneylife Digital Team 26 July 2022
BLS International Services Limited (BLS) is among the top-3 global players in visa application outsourcing with three segments of operations: visa & consular services, e-governance services and other citizen services (G2C: government-to-citizen services). It operates in 62 countries and has...

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The US Securities and Exchange Commission (SEC) has filed insider trading charges against several Indian-Americans in connection with three separate schemes that together yielded more than $6.8 million in illicit gains.   The SEC alleged that Amit Bhardwaj, the former chief...

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Moneylife Digital Team 26 July 2022
On Tuesday, the indices opened gap up and ended with loss. On the National Stock Exchange (NSE), advance decline ratio was at 0.37 indicating major bear grip across broader markets.    The trend of the major indices on Tuesday’s trading are given in the table below:  

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Moneylife Digital Team 25 July 2022
The Union government realised about Rs20,516.12 crore by disinvesting 3.5% of its stake of the total paid-up equity in Life Insurance Corporation of India (LIC) through an initial public offer (IPO), the Lok Sabha was informed.   Replying to another question on LIC's investment in...

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Moneylife Digital Team 25 July 2022
Europe is bracing for an energy crisis as it fears Russia might reduce its supply of natural gas. In such a scenario, there may be rationing of gas, especially for industries such as chemicals and fertilisers. This can throw up an unexpected opportunity for Indian chemicals companies. The...

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