Issue of 7th Nov-13th Nov 2022
LEAD ARTICLE
Online Moneylife Magazine
Even Creditors Do Not Hesitate To Game the Bankruptcy Law: Mercator Petroleum Could Be a Case Study
Professionals dealing with the resolution process under the Insolvency and Bankruptcy Code (IBC) narrate innumerable malpractices, but usually do not want to be named, since they would be replaced and, later, ostracised by banks who invariably act in concert as secured lenders. They report cases where post-default rights and guarantees are... Read More
WHICH WAY
In early August, I wrote an article titled "An Old, New Bull Market?" which tried to explain the market mood against the backdrop of rising inflation, escalating interest rates and  slow growth which, together, act as a cold, wet blanket. But the stock markets were resilient. The S&P500,...
STOCKS
Max Healthcare Institute (Max) reported sales growth on annual and sequential basis on the back of higher overall occupancy. Operating profit margin expanded from 25% to 28% quarter-on-quarter (q-o-q), while net profit margin jumped abnormally from 16.2% to 40.2% due to additional one-time...
Moneylife Digital Team
VST Tillers Tractors (VST) reported better than expected Q2FY22-23 profitability. Its sales were almost flat y-o-y (year-on-year) and q-o-q (quarter-on-quarter). Tractor sales volume was down by 27% y-o-y to 1,688 units and power-tiller sales were up by just 2% y-o-y to 8,819 units. Operating...
Moneylife Digital Team
SRF reported weaker numbers in Q2FY22-23 due to weakness in the packaging and textiles segments. Sales grew by 31% y-o-y (year-on-year) but were down 4% q-o-q (quarter-on-quarter) to Rs3,728 crore. Chemicals business was, again, the stand-out performer for the company, with a jump of 62%...
Moneylife Digital Team
Syngene International (Syngene) delivered a robust set of numbers in Q2FY22-23, registering 26% y-o-y (year-on-year) growth in revenue of which 9% was on the back of forex (foreign exchange) tailwind. Growth was broad-based, despite the high base past year due to the contribution from the...
Moneylife Digital Team
The European energy crisis has not only not impacted Meghmani Finechem’s (MFL’s) Q2FY22-23 results but also provided short-term opportunities. Revenue in the September quarter jumped by 64% y-o-y (year-on-year) to Rs556 crore aided by higher realisations from chlor-alkali and hydrogen...
Moneylife Digital Team
TCI Express (TCIE) reported strong performance in Q2FY22-23 earnings. Its sales were at an all-time high of Rs310 crore growing 13.5% y-o-y (year-on-year) and 6.9% q-o-q (quarter-on-quarter). Revenues were supported by higher volume growth. Operating profit was up by 13.3% y-o-y and 8.5%...
Moneylife Digital Team
IPO REVIEW
Inox Green Energy Services Ltd (IGES) provides long-term operations & maintenance (O&M) services for wind farm projects, specifically for wind turbine generators (WTGs) and common infrastructure facilities on wind farms which support the evacuation of power from such WTGs. Inox’s subsidiaries...
Moneylife Digital Team
Kaynes Technology India Ltd (Kaynes) is an end-to-end and IoT (Internet of Things) solutions enabled integrated electronics manufacturer, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services. It has experience in providing conceptual...
Moneylife Digital Team
Five-Star Business Finance Ltd (FSBFL) is a systemically important non-deposit taking non-banking financial company (NBFC-ND-SI) providing secured business loans to micro-entrepreneurs and self-employed individuals. It is headquartered in Chennai (Tamil Nadu) with a strong presence in...
Moneylife Digital Team
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