INVESTOR INTEREST


Moneylife Digital Team 08 May 2023
Indian pharmaceuticals industry is in turmoil as companies have been facing severe price erosion in their portfolio of products, due to increased competition along with lower demand. Adding to their woes was sharp increase in freight rates and raw materials cost. This has resulted in...

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Practising professionals like chartered accountants (CA), company secretaries (CS) and cost and works accounts (CWAs) would come under the Prevention of Money Laundering Act (PMLA) if they execute financial transactions on behalf of their clients. Last week, the ministry of finance (MoF)...

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Consumer affairs ministry sources said that there is a lot of confusion over the fact that compulsory hallmarking is going to come into effect from 1st July on gold bullion, which is not the case.   "Mandatory hallmarking is not going to come into effect from 1st July onwards for gold...

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Moneylife Digital Team 08 May 2023
Newgen reported outstanding results, with gross quarterly revenue up 32.03% year-on-year (y-o-y). Operating profit was Rs96 crore—up 43.28% y-o-y—and net profit was Rs79 crore—up 38.59% y-o-y. Geography-wise, Europe, the Middle East and Africa (EMEA) contributed 35% to gross quarterly...

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At a press conference on 29th March, Madhavi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), made a bold pledge that has gone viral. She declared, “There will not be another Karvy issue in our capital markets... If another Karvy-like instance happens, it will be...

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When a majestic building stood up erect in a conspicuous part of the town at the dawn of the current millennium, it did herald a new landmark of Chennai. Hotel Royal Le Meridien became the chosen destination for conferences and banquets with its large campus for quite some time.   Its...

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Moneylife Digital Team 06 May 2023
Despite over 30 broker defaults at the National Stock Exchange (NSE) in the past few years and a massive scandal involving its co-location services (Colo), the capital market regulator is fighting tooth and nail to deny access to annual inspection reports (AIRs) of the NSE and the Bombay...

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Moneylife Digital Team 06 May 2023
The trends of the major indices in the course of the week’s trading are given in the table below:     The market were closed on Monday on account of Maharashtra Day. On Tuesday, 2066 stocks advanced, 1582 declined and 168 remained unchanged on the Bombay Stock Exchange (BSE),...

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Moneylife Digital Team 06 May 2023
INDIAN MARKET TRENDS From 28th April to 5 May 2023, ML Mid-cap Index rose 2%. ML Large-cap Index, ML Small-cap Index and ML Mega-cap Index rose 1% each. NIFTY and the Sensex ended flat. ML Micro-cap Index fell 1%.   

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Moneylife Digital Team 06 May 2023
The best three and the worst three mutual fund (MF) 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  

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Moneylife Digital Team 06 May 2023
Revenue of Satia Industries (Satia) jumped 75% y-o-y (year-on-year) to Rs521 crore due to high production growth on the back of PM4 (paper machine). Operating profit margin expanded 660bps (basis points) y-o-y to 26.1% and net profit margin declined by 130bps to 8.8% due to one-time high...

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In view of some videos posted on YouTube channels claiming that all Indian spices contain cow dung and cow urine, the Delhi High Court has ordered Google to take them down.   These videos targeted several Indian brands, including 'Catch Foods'.   Justice Sanjeev Narula of the...

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Moneylife Digital Team 05 May 2023
The mutual fund (MF) industry witnessed a sharp increase in new investors starting FY19-20 due to five key drivers such as massive awareness campaigns, conducive market conditions, digital access, simplified know-your-customer (KYC) process and concerted intermediation and advisory. A...

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Moneylife Digital Team 05 May 2023
CSB Bank Ltd (CSB) declared its results for Q4FY22-23 on 28 April 2023. During the quarter, its net interest income (NII) increased 15% year-on-year (y-o-y) but remained flat quarter-on-quarter (q-o-q) due to a q-o-q compression in its net interest margin (NIM). Net operating income increased...

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Moneylife Digital Team 05 May 2023
As expected, Ramkrishna Forgings Ltd (RKFL) reported a strong set of numbers for Q4FY22-23 on account of steady growth in the commercial vehicles (CV) segment and increased economic and infrastructure activity. RKFL is India’s second-largest manufacturer and exporter of CV forgings. The...

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Moneylife Digital Team 05 May 2023
FY22-23 was a year of solid performance for Solar Industries India (Solar) as the price of its key material, ammonium nitrate, shot through the roof, in turn leading to 75% y-o-y (year-on-year) growth in sales. The strong performance continued in Q4FY22-23 as sales rose by 46% y-o-y to...

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Moneylife Digital Team 05 May 2023
Vardhman Special Steels (VSSL) reported mixed results for Q4FY22-23. Sales were up by 23.03% year-on-year (y-o-y) and up 5.23% quarter-on-quarter (q-o-q). The jump in revenues was led by 21.43% y-o-y increase in sales volume from 41,596 tonnes in Q4FY21-22 to reach 50,511 tonnes in Q4FY22-23....

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The national company law tribunal (NCLT) on Thursday reserved its order on the cash-strapped airline Go First's plea seeking voluntary insolvency resolution proceedings.   A two-member bench headed by president, justice Ramalingam Sudhakar after a day-long hearing, reserved its order...

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Moneylife Digital Team 05 May 2023
On Friday, 1474 stocks advanced, 2040 declined and 127 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 0.72, indicating a negative closing of stocks in broader markets. The trend of the major indices on Friday’s trading is given in the table...

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Moneylife Digital Team 04 May 2023
Gross margin of Shoppers Stop expanded by 310bps (basis points) year-on-year (y-o-y) to 43.2% in Q4FY22-23, after meeting year-end sales targets. The company reported its highest-ever fourth quarter revenue with y-o-y growth of 29% to Rs924 crore led by higher SSSG (same-store sales growth)....

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