Issue of 14th Nov-20th Nov 2022
LEAD ARTICLE
Online Moneylife Magazine
As SEBI Strives To Fix Wrongdoing, Its Committees Have Hardly Any New Ideas To Improve Governance
Indian regulators are looking rather good after the collapse of crypto exchange FTX, following a gigantic fraud. This is especially true of Shaktikanta Das, governor, the Reserve Bank of India (RBI). Even as finance ministry mandarins seemed to vacillate, he held firm, despite intense pressure from the crypto industry to give some form of... Read More
STOCKS
PI Industries continued its stellar performance in Q2FY22-23, with revenue growing by 31% y-o-y (year-on-year) to Rs1,770 crore, supported by strong performance from domestic as well as CSM (custom synthesis manufacturing) segment. CSM segment sales increased by 29% y-o-y to Rs1,278 crore led...
Moneylife Digital Team
Westlife Foodworld Ltd (Westlife), which runs the McDonald’s chain of restaurants, reported its highest ever sales in Q2FY22-23. Revenue jumped 48.57% year-on-year (y-o-y) to Rs572 crore and was up 6.3% sequentially. Operating profit more than doubled (up 118%) y-o-y and was up 10.3%...
Moneylife Digital Team
Aditya Birla Fashion & Retail (ABFRL) reported sales growth q-o-q (quarter-on-quarter) as well as y-o-y (year-on-year) on the back of store expansion, recovery in demand, high footfalls, operating leverage benefits and growth in all business units. Sales grew 54% y-o-y and almost 7% q-o-q....
Moneylife Digital Team
Gati reported good numbers in Q2FY22-23 with sales rising 50% y-o-y (year-on-year) to highest quarterly revenue of Rs435 crore which was a little higher sequentially. The operating profit went up by almost 33% y-o-y and 6% quarter-on-quarter (q-o-q) leading to margin expansion on sequential...
Moneylife Digital Team
Tatva Chintan Pharma Chem (Tatva) continued its poor performance in Q2FY22-23. Revenue declined by 27% y-o-y (year-on-year) to Rs90 crore because sales of SDA (structure directing agent) declined by 88% y-o-y on disruption in auto production due to chip shortage and 50% drop in sales of...
Moneylife Digital Team
Solar Industries India (Solar) posted robust numbers in Q2FY22-23. We had written about this company in detail here. Revenue was up by 99% y-o-y (year-on-year) to Rs1,567 crore, driven by higher realisation and continued scale-up in overseas markets. Volumes increased 9% y-o-y, whereas...
Moneylife Digital Team
SMART MONEY
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 (61%) said buy, and another 27% said hold, which means an...
IPO REVIEW
Keystone Realtors Ltd (KRL), a real estate developer operating in the Mumbai Metropolitan Region (MMR), markets its properties under the ‘Rustomjee’ brand and claims to have had an average market share of 28% in Khar, 23% market in Juhu, 11% in Bandra (East), 14% in Virar, 3% in Thane and 5%...
Moneylife Digital Team
MUTUAL FUNDS
Diversification is the most powerful concept in investments and mutual fund (MF) investing is built on the theme of diversification at a low cost. There are MF schemes that provide the benefits of diversification within a particular capitalisation range, such as large-cap schemes, mid-cap...
Moneylife Digital Team
In October 2022, Reliance Industries and Maruti Suzuki India were the most preferred stocks of Indian mutual funds. The net purchases of Reliance Industries were Rs855 crore. Coal India and Larsen & Toubro were the most sold stocks. The net sales of Coal India were Rs659 crore and net sales...
Moneylife Digital Team
MONEY FACTS
MOBILE APPS
Free Helpline
Legal Credit
Feedback