SRF: June ’22 Results Update
Moneylife Digital Team 27 July 2022
SRF began FY22-23 on a strong note with revenue surging by 44% y-o-y (year-on-year) to Rs3,895 crore in Q1FY22-23. All segments performed well; chemicals segment delivered an exceptional performance. The chemicals segment reported robust 55% y-o-y sales growth at Rs1,722 crore led by strong refrigerant gas pricing and healthy ramp-up in specialty chemicals business. The specialty chemicals...
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Strong Stocks in a Bear Market 6: BLS International
Moneylife Digital Team 26 July 2022
BLS International Services Limited (BLS) is among the top-3 global players in visa application outsourcing with three segments of operations: visa & consular services, e-governance services and other citizen services (G2C:...
Are Indian Chemicals Companies Poised To Benefit from European Energy Crisis?
Moneylife Digital Team 25 July 2022
Europe is bracing for an energy crisis as it fears Russia might reduce its supply of natural gas. In such a scenario, there may be rationing of gas, especially for industries such as chemicals and fertilisers. This can throw up an...
Syngene International: June ’22 Results Update
Moneylife Digital Team 25 July 2022
Syngene International (Syngene) recently announced results for the June quarter. Revenue grew by 8% y-o-y (year-on-year) to Rs645 crore driven by strong performance across all segments. The first quarter (Q1FY22-23) results were...
IPOs and the Farce of Regulation Based on the ‘Rational Man’
Debashis Basu, 22 July 2022
In mid-July last year, CarTrade, a website to buy and sell used cars and car financing, got listed. The initial public offering (IPO) was priced at Rs1585.
Last week, its stock price closed the week at Rs640, a loss of 60%...
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