Sun Pharma is the largest pharma company of India with about 8.2 percent market share in the domestic formulation industry. It also gets a sizeable revenue from its global specialty business which fetches higher margin than the pharma generic business. Key watch for company in coming months is the progress for Specialty pipeline, the US tariffs on pharma products and expansion of domestic field force.
Goldiam is well poised to ride the increasing consumer preference towards lab grown diamonds (LGD). Goldiam is strengthening export presence by launching new products as well as tapping new geographies. Also, with rapid scale up of LGD retailing business, Goldiam would gain first mover advantage in the domestic market.
Join us for the latest stock market update where we cover the key stocks making headlines today. HFCL leads with a groundbreaking agreement under BharatNet Phase-III, while Waaree Energies secures a major solar module supply order. Plus, insights on IREDA and Tata Technologies' new trading contracts, Cyient's executive appointment, Patanjali Foods' legal victory, and Orchid Pharma's recent FDA inspection. Stay informed with our comprehensive overview of today's trading focuses!
Colgate continued to lead in the oral-care category, and there is a large headroom for growth, given the lower penetration and high rural salience (40 percent of sales). Although increasing penetration in rural areas remains a key growth driver, it could be an uphill task in the medium term, while the growing personal-care segment presents a significant opportunity. Category development, new communication programmes and expanding rural reach will accelerate growth.
MC PRO Select's "Stock of the Day": Today, we spotlight Aditya Birla Capital (ABC), a financial powerhouse with a diversified portfolio. With a 35% YTD stock rise and a proposed merger with Aditya Birla Finance Ltd, ABC is set for substantial growth. Discover why this stock is a strong portfolio contender and the key trends driving its success. Keep watching Moneycontrol for more stock insights!
Stocks in News: Stay updated with the latest developments in the stock market. In today's episode, we cover SEBI's approval for Jio Financial and BlackRock to set up a mutual fund, GAIL's partnership with AM Green for renewable energy projects, Lupin's USFDA inspection findings, Paytm's new AI innovation role for its CTO, and Gravita India's plans to raise funds. Don't miss out on the key updates shaping today's trading session!
CRIL is continuing rapid network expansion by not only deepening presence in existing cities but also entering new towns. Increasing share of women wear as well as accessories would drive the same store sales growth (SSSG). Entry into newer categories will broaden the offerings and serve as a one-stop shop for the consumers.
Gabriel India, a leading shock-absorber manufacturer, continues to do well. Our confidence in the company remains strong because of robust demand across various segments, its leadership position, and the emerging opportunities in the sunroof and electric vehicle (EV) sectors.
Stock of the day: Zomato has maintained revenue growth on strong food delivery and quick commerce business. Losses are coming down and by FY25, operating profit should start to reflect the long-term profitability potential of the business
CAMS is technology-driven financial infrastructure and services provider to mutual funds and other financial institutions. MFs is the key segment for the company and accounts for around 90 percent of its revenues. CAMS market share as RTA (registrar and transfer agent) has increased from 61 percent in FY15 to 69 percent as at end June in terms of average monthly AUM serviced by it. There are very less risks to its existing market share as it is challenging for its clients or new competition to replicate the physical network or the technology platforms. Moreover, switch to competition is rare as CAMS enjoys long-standing relationships with MFs. CAMS has entered into other business lines to diversify its revenue. Other businesses include accounts aggregator, payments aggregator (CAMSPAY), servicing AIFs/PMS, loans against MF, central record keeping agency (CRA) for National Pension Scheme (NPS), insurance repository and e-KYC business
Maruti Suzuki's domestic passenger vehicle sales were up 15.3 percent at 143,708 units versus 124,474 units. Exports slipped 2.6 percent at 26,477 units against 27,191 units (YoY).
Coromandel’s Crop protection chemicals business, was until now, a prime catalyst for the stock - as it has better pricing prospects and is less regulated than the fertilizers segment. With its recently announced move into the CDMO and specialty chemicals business, there are now multiple growth catalysts for Coromandel, that would turn value accretive for the stock.
Most agrochemical stocks have showcased weak performance in the past few months, partly due to concerns around channel inventory and the likelihood of sub-par monsoon. PI Industries was also impacted and lost ~20% of its gains, after peaking in Nov’22. For quite some time, PI had been working on inorganic opportunities to enter pharma intermediates, which was a prime catalyst for the stock. Now, with a key step forward in that direction, can the stock pivot with this acquisition?
CSB Bank has come a long way from being a community bank to a professionally run bank backed by Fairfax group. Gold loans' growth has led to the shining performance for the bank. What lies beyond gold loans? Can the veteran banker Pralay Mondal make it a diversified bank with pan India presence from primarily a lender against gold in southern states?
IndusInd Bank had a tough going in the past, impacted by corporate stress, then trouble with deposits in the wake of another private bank’s near collapse and the issues with its micro finance book. As it embarks on a new planning cycle after putting most of the issues behind, can the stock rerate?
MGL will acquire UEPL for a cash consideration of Rs 531 crore. In FY22, UEPL recorded revenues of 89 crores and a net loss of 24 crores. The volume of CNG consumed by UEPL in the first half of FY23 was 6 lac scm per day. It is anticipated that MGL will invest Rs 100-150 crore per year for the next 7-10 years to ramp up volume to 1.1 million square meters per day. As a result of weak demand from Europe, global LNG prices have fallen to $13/mmbtu. ropane prices have gone by 22 percent and that is reviving shift towards Gas by industrial consumers. In Q3, MGL's revenue grew by 7% sequentially, EBITDA margin came down marginally. Above expectation Q3 results were driven by higher CNG realization and margins improvement. Stock is trading at FY24 PE of 11.6 times which is below its long-term average forward multiple.
To keep you informed and ready for the trading session, Moneycontrol presents Stock Of The Day where top experts share their views on the fundamentals and technicals of a stock that you need to watch out for
The top stock of the day is NOCIL Ltd, the leading rubber chemical company. From its recent performance impacted by an export slowdown to the global demand-supply situation's impact on it, we decode it all for you. To keep you informed and ready for the trading session, Moneycontrol presents Stock Of The Day where top experts share their views on the fundamentals and technicals of a stock that you need to watch out for.
These are the stocks that will possibly be in the spotlight during trading hours on September 15, Thursday. We explain the reasons why these stocks are buzzing before the Opening Bell and the factors that could come into play in trade. Check out this curated list of buzzing stocks from the Moneycontrol markets team and why they are in the news.
The stock, which has risen 116% since 21 December, has traded higher for eight out of the last nine sessions.
The stock traded at a fresh low of Rs 772.50 on the BSE, down 4.7% from its previous close.
Since January 17, Zomato has fallen nearly 13%. The stock debuted on the bourses in July 2021 with an issue price of Rs 76 apiece and settled with a nearly 65% premium at Rs 125.85.
Cost of material consumed surged over 24% to Rs 1513.72 crore. Ebitda margin stood at 5.9%, a contraction of 327 basis points quarter on quarter.
The stock of India's oldest information search firm hit an intraday high of Rs 910 and gained as much as 11.98%. At 10.15 am, the scrip was trading at Rs 901 on BSE up 11% from its previous close.