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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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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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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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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
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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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
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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