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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
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
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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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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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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Moneylife Digital Team 13 May 2022
Devyani International (Devyani) reported a good quarter, withstanding the effects of inflation as well as January and February COVID impact. Its sales grew by 36%, operating profit grew by 19% and the net profit grew by 24.6% on a y-o-y (year on year) basis. Profits were higher partly due to...

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Moneylife Digital Team 13 May 2022
Borosil Renewables reported gross quarterly revenue of Rs179 crore, up 6% quarter-on-quarter (q-o-q) but down 8% year-on-year (y-o-y). Operating profit was Rs59 crore down 16% q-o-q and 43% y-o-y and net profit was Rs46 crore, exactly the same as in the previous quarter and down 31% y-o-y....

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“The Loneliness of the Long Distance Runner” was the title of one of the short stories (as well as the book that included it) by Alan Sillitoe. The book was subsequently made into a film. I have enjoyed all his works and this title is also a good fit for the long-term investor in today’s...

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Moneylife Digital Team 12 May 2022
The discovery and development of new medicines is a highly complex and R&D (research & development)-intensive process. From drug discovery through to FDA (Food and Drug Administration) approval, developing a new medicine takes, on average, 10 to 15 years and costs US$2.6bn (billion). For...

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Moneylife Digital Team 12 May 2022
Incorporated in 2015, the sole focus of Venus Pipes and Tubes Ltd (Venus) is on manufacturing welded and seamless pipes in a single metal category of stainless steel (SS). It has five production lines at its manufacturing facility located at Dhaneti (Kutch, Gujarat—along the Bhuj-Bhachau...

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Moneylife Digital Team 12 May 2022
In the first full financial year results since Murugappa group started running CG Power and Industrial Solutions (CGPI), the company has made a complete turnaround. However, results for Q4FY21-22 were lacklustre as input cost inflation resulted in slowing orders. CGPI has three business...

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Moneylife Digital Team 12 May 2022
On Thursday, the indices opened gap down after the global markets corrected, and ended deeply in red. On the National Stock Exchange (NSE), 447 stocks advanced, 1,676 declined, and 31 remained unchanged with advance decline ratio of 0.27 indicating major correction.   The trend of the...

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Moneylife Digital Team 11 May 2022
Incorporated in 2011, Delhivery Ltd (DL) is India’s largest and fastest growing fully-integrated logistics services-provider (LSP) in India by revenue as of FY20-21. It provides a full range of logistics services, including express parcel delivery, heavy goods delivery, partial truck load...

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Moneylife Digital Team 11 May 2022
In Q4FY21-22, Privi Speciality Chemicals (Privi) reported a revenue growth of 7% y-o-y (year-on-year), while sequentially revenue declined by 4% to Rs 377 crore. The growth has been on account of increase in price realisation. There has been no volume growth in the March quarter. Volume for...

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Moneylife Digital Team 11 May 2022
Navin Fluorine International Ltd (NFIL) reported a revenue growth of 22% y-o-y (year-on-year) to Rs409 crore in the March quarter. We had earlier covered NFIL in detail here. The revenue growth was supported by good performance in all business segments. Specialty chemicals segment revenue was...

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