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Moneylife Digital Team 05 May 2022
Gokaldas Exports Limited (GEL) came out with a good set of quarterly results, reporting the highest-ever revenues. We covered GEL, one of the best vertically integrated fibre-to-fashion textiles players, here. GEL operates from more than 20 manufacturing facilities, with annual capacity of...

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Moneylife Digital Team 05 May 2022
Shoppers Stop faced COVID-led disruptions in January and February 2022 which resulted in net loss and low operating profitability. January includes EOSS (end of season sale) which generates almost the second highest sales in a month and higher profit as well.     Revenue...

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Moneylife Digital Team 05 May 2022
On Thursday, the indices opened gap up after the US Fed increased interest rates by 50 bps and, ended in green. On the National Stock Exchange (NSE), 919 stocks advanced, 1,145 declined, and 76 remained unchanged with advance decline ratio of 0.80.    The trend of the major indices on...

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The arrest of an individual with the last name 'Ma' in China left people in utter shock who dumped shares in Alibaba that eroded a massive $27 billion in its share value, as investors thought the person arrested was the billionaire Jack Ma.   China's state broadcaster CCTV first...

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Moneylife Digital Team 04 May 2022
On Wednesday, the indices opened flat and ended with heavy loss. On the National Stock Exchange (NSE), 401 stocks advanced, 1,706 declined, and 46 remained unchanged with advance decline ratio of 0.24 indicating major weakness in broader markets.   The trend of the major indices on...

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US banking giant Citigroup has said that one of its traders made an error in the so-called stock market 'flash crash' in Europe, the media reported.   A flash crash is an extremely fast fall in the price of one or more assets, often caused by a trading mistake, the BBC...

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Moneylife Digital Team 03 May 2022
Indian Energy Exchange (IEX) recently announced its Q4FY21-22 results. We had earlier covered IEX in detail here. Revenue for the quarter was up by 19% y-o-y (year-on-year) to Rs112 crore. This was on the back of a higher growth in volumes. During the March quarter, the traded volume on the...

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Moneylife Digital Team 03 May 2022
In Q4FY21-22, Angel One Ltd (Angel) grew its sales 12% quarter-on-quarter (q-o-q). From Q1FY21-22, Angel has been growing its sales at a q-o-q growth rate of 13% to 14% and its Q4FY21-22 sales at a similar, but slightly lower, pace. We had discussed its business in detail here.  

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Moneylife Digital Team 03 May 2022
Schaeffler India Limited (SCHIL), covered in detail here, came out with good quarterly numbers. Schaeffler supplies critical components to the automotive and industrial sectors. SCHIL (erstwhile FAG Bearings) has presence through three famous product brands—FAG (Fischer’s Aktien Gesselshaft),...

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Moneylife Digital Team 03 May 2022
KPR Mills (KPR) came out with another good set of quarterly results, reporting highest-ever revenues and net profits for a quarter. We covered KPR, one of the best vertically integrated fibre-to-fashion textiles players, here. KPR has 12 manufacturing units to produce 100,000MTPA (metric...

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Moneylife Digital Team 02 May 2022
January is normally the second-best month in terms of revenue for Trent due to end of season sales (EOSS). But Trent’s Q4FY21-22 results were impacted by the third wave of COVID in January and February 2022. Therefore, revenue and profit were down on a quarter-on-quarter (q-o-q) basis....

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Moneylife Digital Team 02 May 2022
We had mentioned in Friday’s closing report that Nifty and Sensex in a bear grip. On Monday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 678 stocks advanced, 1,407 declined and 70 remained unchanged with advance decline ratio of 0.48, indicating...

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Moneylife Digital Team 29 April 2022
INDIAN MARKET TRENDS From 22nd April to 28 April 2022, Sensex rose 1%. The NIFTY and ML Mega-cap Index ended flat. ML Large-cap Index fell 1%. ML Micro-cap Index, ML Mid-cap Index and ML Small-cap Index fell 2% each.                                             FUND...

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Moneylife Digital Team 29 April 2022
We had mentioned in previous week’s closing report that Nifty, Sensex may remain under pressure. 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), 459 stocks...

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Moneylife Digital Team 28 April 2022
Mahindra Holidays & Resorts India Limited (MHRIL) is the only listed vacation ownership business in India with over 260,000 members in India and 310,000 members in India, Asia, Europe and the US, together with its Finnish subsidiary, Holiday Club Resorts (HCRO). In addition to offering its...

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Moneylife Digital Team 28 April 2022
Tatva Chintan Pharma Chem (Tatva) reported another quarter of disappointing results. Revenue dropped by 9% y-o-y (year-on-year) and 6% q-o-q (quarter-on-quarter) to Rs99 crore as SDA (structure directing agent) revenue slipped by 28% sequentially on account of disruption in auto production...

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Moneylife Digital Team 28 April 2022
We had mentioned in Wednesday’s closing report that Nifty and Sensex may inch up if global markets stabilise. On Thursday, the indices opened gap up and ended with gain. On the National Stock Exchange (NSE), 1,000 stocks advanced, 1,052 declined, and 72 remained unchanged with advance decline...

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Moneylife Digital Team 27 April 2022
On 23 December 2021, the board of directors of Allcargo Logistics Ltd (ALL) approved a scheme of arrangement for restructuring and demerger of ALL’s businesses. Under the scheme, ALL’s container freight station (CFS) and inland container depot (ICD) business will be demerged into a new...

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Moneylife Digital Team 27 April 2022
Meghmani Finechem Ltd (MFL) reported a bumper set of numbers in the March quarter. MFL is a leading manufacturer of chlor-alkali products and value-added derivatives. We had earlier covered MFL in detail here. Continuing its growth momentum, MFL’s revenue again nearly doubled y-o-y...

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With Elon Musk acquiring Twitter for $44 billion, the stock of his electric car company Tesla tanked, and at least $125 billion were wiped out from its market value over some obvious risks.   According to media reports, Musk could face conflict with China over free speech, which is a...

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