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 against a strong base of the previous quarter, due to sales of COVID-19 treatment drug, Remdesivir. Ex-Remdesivir sales grew by 30% y-o-y (constant currency: 25%)...
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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%...
Bank Stocks To Track – IV: City Union Bank
Moneylife Digital Team 22 July 2022
We had discussed a 3-factor model for short-listing bank stocks here. According to the model, City Union Bank Ltd (CUB) emerged as the fourth most favourable bank in terms of a combined score, based on three factors of...
Sandhar Technologies: Value Play on the Auto Sector
Moneylife Digital Team 22 July 2022
Sandhar Technologies Ltd (Sandhar) and its joint ventures (JVs) are engaged in manufacturing and assembling of automotive components. Sandhar has 38 manufacturing facilities across India including the facilities of various JVs and...
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 22 July 2022
From 15th July to 21 July 2022, ML Small-cap Index, ML Mid-cap Index and the Sensex rose 4% each. ML Mega-cap Index, the NIFTY and ML Large-cap Index rose 3% each. ML Micro-cap Index rose 1%.
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