BUSINESS
Paradeep Phosphates debuts at 4.7% premium to the issue price of Rs 42 per share
The IPO had shown a gloomy performance in the grey market and did not command any significant premium and the prevailing market sentiments did not do any good to the investor confidence.
BUSINESS
JSW Steel Q4 Preview | Profit may rise 20%, revenue 65%, as costly inputs offset exports, realisations
The revenue growth is aided by higher volumes and improved realizations but the higher coking coal costs are likely to impact the profitability and the margins.
BUSINESS
Hindalco Q4 Results | Consolidated profit doubles to Rs 3,851 crore, revenue rises 38% on soaring commodity prices
With record profitability in the fourth quarter, Hindalco had a very good end to the year, which can be attributed not just to strong macros, but also to consistent focus on operational excellence and cost optimization, said Managing Director Satish Pai
BUSINESS
Paradeep Phosphates IPO : Listing expectations and grey market premium
Experts believe that the prevailing market conditions are not supporting new listings and Paradeep Phosphates stock may list at par to its issue price of Rs 42.
BUSINESS
Hindalco Q4 Preview | Profit may jump 209%, revenue 30-40% on commodity price surge
The rise in global commodity prices more than makes up for the increase in cost of production. Volumes are expected to remain flat or improve in mid-single digits for both the aluminium and copper businesses
BUSINESS
Coal India Q4 Result | Net profit grows 46.3% YoY to Rs 6,715 crore, revenue up 22.5%
The production of coal increased by 2.8 percent on year and 27.6 percent on quarter to 109 million tons (MT) of coal during the quarter. The total offtake during the quarter at 180.25 MT was higher by 9.3 percent year on year.
BUSINESS
Coal India Q4 Preview | Profit may increase 45%, revenue 15% on sales boost, realisations
The growth is fuelled by higher offtake and better realizations during the quarter.
BUSINESS
Aether Industries IPO is open: Should you subscribe?
Brokerages are confident about the company’s prospects, given its inherent strengths and the growth likely in the Indian chemical industry. They have assigned a “subscribe” or “subscribe with caution” rating to the issue
BUSINESS
Grasim Industries Q4 Preview | Profit may remain flat with 1-4% growth, revenue may rise 42-45%
Increase in volumes and realisations of VSF business and better realizations in chemicals business are driving the revenue growth but rising costs are likely to impact the margins and profitability of the company
BUSINESS
Delhivery rises nearly 10% after shares list at 1.68% premium over IPO price
The IPO hardly sailed through, and retail investors barely participated despite the company reducing its issue size to Rs 5,235 crore as compared to Rs 7,460 crore earlier.
BUSINESS
Venus Pipes & Tubes IPO shares debut at 3.5% premium to the issue price of Rs 326/share
The company intends to utilize the proceeds from the issue for financing the project cost towards capacity expansion, technological upgradation, cost optimization of operations and backward integration for manufacturing of hollow pipes.
BUSINESS
Shree Cement Q4 Results | Standalone profit falls 16% YoY to Rs 645 crore; revenue grows 3.6% to Rs 4,099 crore
The sequential growth was aided by higher volumes and better realizations during the quarter. The year-on-year decline in profit was due to surge in power & fuel costs and the high base of last year’s quarter.
BUSINESS
Shree Cement Results Preview: Profit may decline 6-8%, revenue likely to grow 10%
Growth in revenue will be aided by higher increase in blended realisations on a yearly basis but the marginal decline in volumes and the high base of the same quarter last year will result in muted year on year growth.
BUSINESS
NTPC Q4 results | Net profit rises 14% YoY to Rs 5,167 crore; revenue grows 23%
The company has recommended a final dividend of Rs 3 for the financial year 2021-22, which is in addition to the interim dividend of Rs 4 per equity share for the financial year 2021-22 paid in February 2022
BUSINESS
eMudhra IPO opened today: Should you subscribe?
A majority of the brokerages recommend investors to exercise caution. They say only those investors who can take high risks should go for this issue.
BUSINESS
Prudent Corporate Advisory Services debuts at a premium of 4%
Experts are of the opinion that higher valuations demanded by the company for the issue was among the main reasons for the lackluster response to the IPO.
BUSINESS
eMudhra raises Rs 123.84 crore from anchor investors ahead of IPO
The company intends to garner about Rs 413 crore through fresh issue of equity shares upto Rs 161 crore and an offer for sale of of upto Rs 252 crore by the shareholders and promoters.
BUSINESS
Markets in a tailspin, investors lose more than Rs 6.4 lakh crore in a day
The Sensex has lost more than Rs 17.59 lakh crore of its market capitalisation in May alone. The mcap was Rs 266.98 lakh crore at the close on April 29 and has now collapsed to Rs 249.38 lakh crore
BUSINESS
As eMudhra IPO opens tomorrow, here are 10 things to know before subscribing
The IPO, sized at Rs 413 crore, comprises fresh shares of Rs 161 crore and an offer for sale worth Rs 252 crore by shareholders and promoters.
BUSINESS
These stocks soared high during Covid but plunged as pandemic ebbed
The change in market stance from growth and momentum to value is clearly visible and the stocks which had gone expensive are seeing mean reversion as the valuations became unsustainable and unjustifiable
BUSINESS
Dr Reddy’s Q4 Preview | Profit may rise 20-24% on 12% growth in revenue
Experts expect strong traction in the company’s domestic business on a yearly basis and expect the US business to grow sequentially. However, the ongoing geo-political crisis is likely to impact the Russia business in a big way.
BUSINESS
ITC Q4 Result | Net profit rises 11.7% YoY to Rs 4,196 crore; revenue grows 15.3%, beats estimates
The performance was driven by healthy growth across its business of cigarettes (both volume and price increase), FMCG, Hotels and Paperboards and agri-business.
BUSINESS
Ethos IPO opens today: Should you subscribe to the issue?
The brokerages are optimistic about the growth prospects of the company as the Indian watch market is sizeable and pegged at Rs 13,500 crore in FY 2020. It is expected to grow at a ~10.6 percent CAGR over FY20-25E to reach Rs 22,300 crores
BUSINESS
ITC Q4 Preview: Consolidated profit may rise 10-12% on 10% growth in revenues
Brokerages expect a healthy growth across its business of cigarettes, FMCG, Hotels and Paperboards with the exception of agri-business which is likely to remain flat.
