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Moneylife Digital Team 20 May 2022
The financial results of Gujarat Fluorochemicals (GFL) were in line with our estimates. The consolidated revenue for FY21-22 grew by 49% to Rs3,954 crore and Q4FY21-22 revenue grew by 28% to Rs1,074 crore y-o-y (year-on-year). Operating profit margin expanded by 800bps (basis points) to 31%...

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Moneylife Digital Team 20 May 2022
We had mentioned in Thursday’s closing report that Nifty and Sensex decline sharply on US market fall. On Friday, the indices opened gap up and closed with gain. On the National Stock Exchange (NSE), 1,699 stocks advanced, 370 declined, and 55 remained unchanged with advance decline ratio of...

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Moneylife Digital Team 19 May 2022
Due to strong performance in all segments in Q4FY21-22, SRF’s revenue grew by 36% y-o-y (year-on-year) to Rs3,549 crore. The strong y-o-y growth during the March quarter was primarily driven by strong earnings traction from the chemicals and packaging business. Revenue from chemicals segment...

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Moneylife Digital Team 19 May 2022
VST Tillers Tractors (VST) came out with good numbers for March 2022 as its sales grew by 12% to Rs218 crore on a y-o-y (year-on-year) basis and operating profit declined slightly to 14% from 15% sequentially due to higher raw materials prices. Net profit margin (NPM) was flat at 10%. In the...

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Moneylife Digital Team 19 May 2022
Polycab reported a gross quarterly revenue of Rs3,970 crore, up 17.73% quarter-on-quarter (q-o-q) and 35% year-on-year (y-o-y). Operating profit was Rs476 crore up 31.49% q-o-q and 17.82% y-o-y and net profit was Rs322 crore up 2.22% q-o-q and 18.14%.y-o-y.     According to...

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Moneylife Digital Team 19 May 2022
On Thursday, the indices opened gap down after the US markets ended deeply in red and ended with loss. On the National Stock Exchange (NSE), 414 stocks advanced, 1,679 declined, and 46 remained unchanged with advance decline ratio of 0.25.    The trend of the major indices on...

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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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