GHCL Ltd: March ’22 Results Update
Moneylife Digital Team 07 May 2022
GHCL Ltd (GHCL) declared its Q4FY21-22 results on 30 April 2022. We had discussed GHCL Ltd’s (GHCL) special situation due to an upcoming demerger of its textiles business, here, in September 2021. In Q4FY21-22, GHCL increased its sales by 54% year-on-year (y-o-y) and by 27% quarter-on-quarter (q-o-q). Earnings before interest and taxes (EBIT) shot up 131% y-o-y and 71% q-o-q and its net profit...
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LIC IPO Review: Attractive Pricing Leaves Scope of Initial Gains
Moneylife Digital Team 07 May 2022
In the largest initial public offering (IPO) ever, the government of India (GoI) is issuing shares of Life Insurance Corporation of India Ltd (LIC). LIC was incorporated in 1956 under the LIC Act by merging and nationalising 245...
Laurus Labs: March ’22 Results Update
Moneylife Digital Team 07 May 2022
After a poor performance in the December quarter, revenue bounced back sequentially for Laurus Labs (Laurus) in Q4FY21-22. However, y-o-y (year-on-year) revenue growth was muted, as revenue increased by just 1% to Rs1,425 crore....
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 07 May 2022
INDIAN MARKET TRENDS
From 29th April to 6 May 2022, the Sensex, the NIFTY and ML Mega-cap Index fell 4% each. ML Micro-cap Index, ML Mid-cap Index and ML Large-cap Index fell 5% each. ML Small-cap Index fell 6%.
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Saregama: March ’22 Results Update
Moneylife Digital Team 06 May 2022
Saregama India Ltd (SIL) announced its results for Q4FY21-22 on 2 May 2022. We had discussed SIL’s music licensing business in detail in April 2021 (https://bit.ly/3iUODIT). Net sales grew 20% quarter-on-quarter (q-o-q) from Rs150...
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