Issue of 9th May-15th May 2022
LEAD ARTICLE
Online Moneylife Magazine
How Brokers Sidestep SEBI Rules To Rip-off Investors: Now Targeting Super Senior Citizens
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 traps backed by the façade of technical compliance... Read More
STOCKS
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,...
Moneylife Digital Team
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...
Moneylife Digital Team
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....
Moneylife Digital Team
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...
Moneylife Digital Team
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...
Moneylife Digital Team
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...
Moneylife Digital Team
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...
Moneylife Digital Team
In Q4FY21-22, Deepak Nitrite’s (Deepak) revenue rose by 28% y-o-y (year-on-year) to Rs1,872 crore, primarily driven by higher realisation across segments. Volume growth for several products during Q4FY21-22 partly helped Deepak to deliver revenue growth. Formula-based pricing, increase in...
Moneylife Digital Team
IPO REVIEW
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...
Moneylife Digital Team
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...
Moneylife Digital Team
Incorporated in 2003, Prudent Corporate Advisory Services Ltd (PCAS) is a retail wealth management services-provider and is one of the largest mutual fund distributors (MFDs) in terms of average assets under management (AUM) and commission received. It operates on a B2B2C...
Moneylife Digital Team
SMART MONEY
“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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