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Moneylife Digital Team 11 May 2022
We had mentioned in Tuesday’s closing report that Nifty and Sensex decline three days in a row. On Wednesday, the indices opened gap up and ended with loss. On the National Stock Exchange (NSE), 452 stocks advanced, 1,633 declined, and 57 remained unchanged with advance decline ratio of 0.28....

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Moneylife Digital Team 10 May 2022
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...

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Moneylife Digital Team 10 May 2022
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...

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Moneylife Digital Team 10 May 2022
We had mentioned in Monday’s closing report that Nifty and Sensex may try to rally a bit. On Tuesday, the indices opened gap down, rallied during the day and ended with a minor loss. On the National Stock Exchange (NSE), 407 stocks advanced, 1,686 declined, and 44 remained unchanged with...

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A special CBI (central bureau of investigation) court here on Monday deferred the verdict on the bail applications of former NSE  (National Stock Exchange) head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency in connection with the NSE...

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Moneylife Digital Team 09 May 2022
On Monday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 511 stocks advanced, 1,590 declined and 58 remained unchanged with advance decline ratio of 0.32, indicating major weakness in broader markets.   The trend of the major indices on...

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On 30th April, the chief justice of India (CJI), NV Ramana, mentioned in a speech that India has 40mn (million) cases pending in lower courts and that the government was the biggest litigant accounting for 50% of these cases. At another event on 2nd May, the media reported him saying that...

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Moneylife Digital Team 07 May 2022
Update: 6 May 2022 15.50 hrs to include a response from Axis MF   Axis Mutual Fund (MF) has removed its head trader Viresh Joshi as fund manager from five schemes. Similarly, Deepak Agarwal, the assistant fund manager for equity at Axis MF, is no longer part of schemes like Axis...

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Moneylife Digital Team 07 May 2022
In the largest initial public offering (IPO) ever, the government of India (GoI) is issuing shares of Life Insurance Corporation of India Ltd (LIC). LIC was incorporated in 1956 under the LIC Act by merging and nationalising 245 private life insurance companies in India. Since then, LIC had...

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Moneylife Digital Team 07 May 2022
When interest rates go up, debt products find it hard to perform. This is because there is an inverse correlation between interest rates and valuation of debt products. When interest rates rise, value of debt falls. Hence, mutual fund (MF) schemes, which invest...

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Moneylife Digital Team 07 May 2022
We had mentioned in previous week’s closing report that Nifty, Sensex in a bear grip.   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), 678 stocks...

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The Orlando Police Pension Fund has sued Elon Musk and his $44 billion buyout of Twitter, claiming that the deal cannot close till 2025 owing to Tesla CEO's stake in the micro-blogging platform.   The proposed class-action lawsuit, filed by the Orlando Police Pension Fund in the...

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Moneylife Digital Team 07 May 2022
GHCL Ltd (GHCL) declared its Q4FY21-22 results on 30 April 2022. We had discussed GHCL Ltd’s (GHCL) special situation due to an upcoming demerger of its textiles business, here, in September 2021. In Q4FY21-22, GHCL increased its sales by 54% year-on-year (y-o-y) and by 27% quarter-on-quarter...

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Moneylife Digital Team 07 May 2022
After a poor performance in the December quarter, revenue bounced back sequentially for Laurus Labs (Laurus) in Q4FY21-22. However, y-o-y (year-on-year) revenue growth was muted, as revenue increased by just 1% to Rs1,425 crore. This was on account of weak performance by the ARV...

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Moneylife Digital Team 07 May 2022
INDIAN MARKET TRENDS From 29th April to 6 May 2022, the Sensex, the NIFTY and ML Mega-cap Index fell 4% each. ML Micro-cap Index, ML Mid-cap Index and ML Large-cap Index fell 5% each. ML Small-cap Index fell 6%.                                                 FUND...

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Moneylife Digital Team 06 May 2022
Saregama India Ltd (SIL) announced its results for Q4FY21-22 on 2 May 2022. We had discussed SIL’s music licensing business in detail in April 2021 (https://bit.ly/3iUODIT). Net sales grew 20% quarter-on-quarter (q-o-q) from Rs150 crore in Q3FY21-22 to Rs180 crore in Q4FY21-22. Its earnings...

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Moneylife Digital Team 06 May 2022
We had mentioned in Thursday’s closing report that Nifty and Sensex remain under pressure. On Friday, the indices opened with huge cut and ended deeply in the red. On the National Stock Exchange (NSE), 441 stocks advanced, 1,648 declined, and 48 remained unchanged with advance decline ratio...

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Moneylife Digital Team 06 May 2022
The best three and the worst three mutual fund (MF) schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory                                                      

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Moneylife Digital Team 06 May 2022
Guidelines                                    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of...

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As a listed company, Life Insurance Corporation of India (LIC) will face more demanding disclosure requirements, resulting in increased transparency over its operations and encourage it to prioritise profitable underwriting and risk management, Moody's Investor Service said.   It...

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