Issue of 15th May-21st May 2023
LEAD ARTICLE
Why Is SEBI Taking Umbrage at Being ‘Accused’ of Investigating Adani Stock Run-up?
The Supreme Court (SC) hearing on Adani-Hindenburg investigation took a tantalising turn when it ended up embarrassing the finance ministry, to which Securities and Exchange Board of India (SEBI) reports.   On 15th May, SEBI claimed in Court ‘allegations’ that it has been investigating the Adani group since 2016 are ‘factually... Read More
STOCKS
Despite facing volatility in raw materials and energy prices as well as disruptions in global supply chains, Deepak Nitrite maintained high capacity utilisation of its plants throughout FY22-23. However, the Nandesari plant experienced a setback with a 40-day shutdown due to a fire. Notably,...
Moneylife Digital Team
BLS International Services Limited (BLS) posted its highest-ever annual revenues—a 78.40% y-o-y (year-on-year) jump in revenues to reach Rs1,516 crore in FY22-23. The strong results were due to robust traction in all of its business verticals. It is among the top-3 global players in visa...
Moneylife Digital Team
Apar Industries (Apar) reported its highest-ever revenue in Q4FY22-23, driven by strong volume growth across all divisions and growth in export of cables and conductors. Export revenue was up by 85% y-o-y (year-on-year), driven by a y-o-y increase of 164% in the cable division and an 81%...
Moneylife Digital Team
Jindal Saw Limited (JSL), part of OP Jindal group, makes iron & steel pipes and pellets. It claims to be a total pipe solutions-provider across the globe. It was the first company in India to manufacture SAW (submerged arc welded) pipes. Its business is segmented into five major parts: SAW...
Moneylife Digital Team
On the back of strong growth in electric vehicle (EV) components and moderate growth in fastener business, Sterling Tools (Sterling) reported highest-ever consolidated quarterly sales. Consolidated sales went up 24.9% y-o-y (year-on-year) to Rs211.67 crore in Q4FY22-23. Gross profit margin...
Moneylife Digital Team
With capex (capital expenditure) of Navin Fluorine International Ltd (Navin) yielding results, it continues to report blockbuster performance. In Q4FY22-23, revenue surged by 70% y-o-y (year-on-year) to Rs697 crore, driven by robust growth across segments. The CDMO (contract development and...
Moneylife Digital Team
Datamatics Global Services Ltd (Datamatics) provides solutions for data-driven businesses to enhance their productivity and customer experience. Its services can be bifurcated into three segments: digital operations, digital experience and digital technology. Datamatics has also developed...
Moneylife Digital Team
Craftsman reported gross quarterly revenue of Rs980 crore in Q4FY22-23, up 49.16% year-on-year (y-o-y). Operating profit was Rs188 crore, up 21.29% y-o-y and net profit was Rs80 crore, up 58.82% y-o-y. Automotive (powertrain) segment contributed 40% to gross quarterly revenues, followed by...
Moneylife Digital Team
SRF has recorded significant growth in recent years. However, FY22-23 was an exceptional year for the chemicals segment. This trend continued in Q4FY22-23, with the chemicals business remaining the primary driver of profitability, as revenue grew by 6% y-o-y (year-on-year) to Rs3,778 crore....
Moneylife Digital Team
Revenue of Gravita India (Gravita) grew 12.4% y-o-y (year-on-year) to Rs749 crore, on the back of 11% volume growth in Q4FY22-23. The overall volume was driven by a 13% growth in lead volume and a 31% growth in aluminium volume y-o-y. Battery scrap collection in India grew by 23% to 13,100...
Moneylife Digital Team
MUTUAL FUNDS
In April 2023, Housing Development Finance Corporation and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of Housing Development Finance Corporation were Rs2,095 crore. ICICI Bank and Axis Bank were the most sold stocks. The net sales of ICICI Bank were...
Moneylife Digital Team
CONSUMER ISSUES
With 1.17bn (billion) subscribers, India has emerged as the second-largest telecom ecosystem in the world. In addition to communication, Indians use mobile devices for banking, entertainment, e-learning, healthcare, and government services. However, the unchecked growth with minimum user...
HEALTH
One of my recent patients, a 34-year-old man who works from home and consumes a diet high in sugar, refined carbohydrates and processed foods, is a prime example of how lifestyle choices can impact one's overall health. During his medical examination, I discovered that his metabolic health...
Satish Gonarkar
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