INVESTOR INTEREST


On 8 March 2022, the enforcement directorate (ED) at Hyderabad issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against C Parthasarathy, founder of the Karvy group of entities, his sons Adiraj Parthasarathy and Rajat Parthasarathy, and the following...

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Opening another front against Twitter CEO Parag Agrawal, Tesla CEO Elon Musk on Tuesday asked the US Securities and Exchange Commission (SEC) to probe whether Twitter's claim on the number of its user base is true.   Replying to a follower who said that if it turns out that Twitter...

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The shocking implosion of the TerraUSD and Luna cryptocurrencies threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages.   In a crash starting a week earlier, the once bullish TerraUSD and sister coin Luna had...

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Moneylife Digital Team 18 May 2022
Tube Investments of India Limited (TII), covered in detail here, came out with their quarterly numbers last week. TII operates three main verticals, viz., engineering, metal formed products and mobility, which are used in major industries such as automotive, railways, construction, mining,...

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Moneylife Digital Team 18 May 2022
We had mentioned in Tuesday’s closing report that Nifty and Sensex may pause for breath. On Wednesday, the indices opened gap up and ended with loss. On the National Stock Exchange (NSE), 1,151 stocks advanced, 920 declined, and 65 remained unchanged with advance decline ratio of...

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Moneylife Digital Team 17 May 2022
The Reserve Bank of India (RBI) on Tuesday rejected all four applications it received for ‘on-tap’ licensing of universal banks (UBs). UAE Exchange and Financial Services Ltd and the Repatriates Cooperative Finance and Development Bank Ltd (REPCO Bank) are the two prominent names whose...

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Moneylife Digital Team 17 May 2022
For the first time, market regulator Securities and Exchange Board of India (SEBI) has asked Urja Global Ltd—which is found guilty of price manipulation and false statements—to get a 'certificate of authenticity' for its disclosures to the exchange. In the 'humiliating action', the company...

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Moneylife Digital Team 17 May 2022
Paradeep Phosphates Ltd (PPL) makes a variety of complex fertilisers, such as diammonium phosphate (DAP); three grades of nitrogen-phosphorus-potassium (NPK) fertilisers: NPK-10, NPK-12 and NP-20; zypmite, phospho-gypsum and hydrofluorosilicic acid (HFSA). It is also engaged in trading,...

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Moneylife Digital Team 17 May 2022
Incorporated in 2007, Ethos Ltd (Ethos) is India’s largest luxury and premium watch retailer; it had a 13% share of the total retail sales in premium and luxury segment and 20% share in exclusively luxury segment in FY19-20. Ethos operates 50 stores spread across 17 cities of New Delhi,...

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Moneylife Digital Team 17 May 2022
Chemplast Sanmar (Chemplast), India’s leading producer of suspension poly vinyl chloride (S-PVC) and paste PVC resin, announced its Q4FY21-22 results. We had earlier covered Chemplast in detail here. For Sanmar, Q4FY21-22 was similar to Q3FY21-22, with revenue rising and operating margins...

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Moneylife Digital Team 17 May 2022
Nifty Sensex opened gap up and surged higher during the day to close near days high. On the National Stock Exchange (NSE), 1,791 stocks advanced, 299 declined, and 41 remained unchanged with advance decline ratio of 5.99.   The trend of the major indices on Tuesday’s trading are given...

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Moneylife Digital Team 16 May 2022
The Supreme Court (SC) has finally put to rest the uncertainty around the applicability of state legislations on non-banking financial companies (NBFCs) by underscoring the importance of the Reserve Bank of India (RBI) as the regulator and supervisor of NBFCs in India, with oversight on the...

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Moneylife Digital Team 16 May 2022
We had mentioned in Friday’s closing report that Nifty and Sensex remain weak but there is a chance of a corrective bounce. On Monday, the indices opened gap up and ended with gain. On the National Stock Exchange (NSE), 1,406 stocks advanced, 689 declined and 63 remained unchanged with...

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The pandemic has been a flourishing time for the brokerage business. India’s investor population nearly doubled, as people from the age of 9 years to 90 years turned into traders after a quick online class. Brokers used this boom during the lock-down to lure and loot people with well-laid...

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Moneylife Digital Team 13 May 2022
Market regulator Securities and Exchange Board of India (SEBI), in its letter dated 22 November 2021, had written to Man Industries (India) Ltd, informing that a forensic auditor was appointed to investigate the accounts of the company for a period of seven years from the accounting year...

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Moneylife Digital Team 13 May 2022
Requesting adequate weightage and empathy for the major handicaps that stock market investors face, Moneylife Foundation has urged an ad-hoc committee headed by G Mahalingam, a former whole-time member (WTM) of the Securities and Exchange Board of India (SEBI), to hold exchanges accountable...

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Moneylife Digital Team 13 May 2022
We had mentioned in previous week’s closing report that Nifty, Sensex may try to rally mid week. The major indices opened lower this week and closed with loss.     On Monday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 511 stocks...

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SBI Research expects the central bank, Reserve Bank of India (RBI), to raise key policy rates both in its June and August policy meeting by a cumulative 75 basis points.   Beyond August, rate actions might be more balanced and judicious and the terminal repo rate is expected to be at...

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Moneylife Digital Team 13 May 2022
Ramkrishna Forgings Ltd (RKLF) came out with a very good set of numbers and the management gave a robust guidance for FY22-23. We had covered the company here earlier. RKLF is India’s second-largest manufacturer and exporter of commercial vehicle (CV) forgings. The company, founded in 1981,...

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Moneylife Digital Team 13 May 2022
INDIAN MARKET TRENDS From 6th May to 12 May 2022, Sensex, the NIFTY, ML Mega-cap Index, ML Large-cap Index and ML Mid-cap Index fell 3%, 4%, 5%, 7% and 9%, respectively. ML Micro-cap Index and ML Small-cap Index fell 10% each.                                    

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