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moneycontrol.com
https://www.moneycontrol.com/news/business/markets/nifty-it-index-rises-2-after-us-labor-market-data-boosts-sentiment-12873179.html
Nifty IT index rises 2% after US labor market data boosts sentiment
All ten components of the IT index were trading higher, rising between 1-2 percent each..Related stories.
The Nifty IT index surged nearly 2 percent on November 22, buoyed by robust labour market data from the US. Initial jobless claims in the US fell by 6,000 to a seasonally adjusted 213,000 for the week ended November 16, marking a seven-month low. This data suggests that US job growth likely rebounded in November after last month's slowdown caused by hurricanes and strikes. A stronger labour market in the US bodes well for Indian IT firms, which derive a significant portion of their revenue from the region. At 11:15 AM, the Nifty IT index was up 1.7 percent at 42,600, withTCS,Infosys, andHCLTechleading the charge. Today marked the third consecutive day of gains for the index. After declining 2 percent in September and 3.7 percent in October, Nifty IT has rebounded, gaining over 5 percent so far in November. All ten components of the IT index were trading higher, rising between 1-2 percent each. Follow our live blog for all the market action Shares of midcap IT firmMphasisemerged as the top gainer on the Nifty IT index, rising nearly 3 percent in early trade. The surge followed the company's announcement as the 'Official Digital Partner' of the MoneyGram Haas F1 Team. Haas Formula LLC, operating as the MoneyGram Haas F1 Team, is a US-based Formula One team founded in April 2014 by Gene Haas, who also co-owns a NASCAR Cup Series team. Mphasis stated that it will work closely with the team to create innovative solutions aimed at enhancing on-track performance and improving operational efficiency off the track. Shares of HCLTech gained attention after Morgan Stanley, in its recent research report, that the company's US operations were well-positioned to mitigate risks from potential changes in U.S. visa regulations following Donald Trump's return to the White House, with approximately 80 percent of HCLTech's US-based employees being non-visa dependent. Also Read |HCLTech well-positioned to tackle any potential US visa policy shifts, says Morgan Stanley In a research report dated November 19, Goldman Sachs Global Investment Research, said, "Revenue growth for India IT has bottomed and we expect an acceleration in revenue growth to 8 percent YoY in FY26 (vs c.1%/4% in FY24/FY25E), driven by improving demand trends, deal ramp-ups and recovery in small deal pipeline." According to the brokerage, key themes to monitor include the revival of discretionary spending by enterprises, reflected in the uptick in the small deal pipeline for IT companies, and the emerging monetisable opportunities from generative AI. However, a prolonged period of macroeconomic weakness and the deflationary impact of generative AI could pose risks for IT companies, Goldman Sachs highlighted.
2024-11-22 11:57
2024-11-22
11:57
moneycontrol.com
https://www.moneycontrol.com/news/business/personal-finance/10-tips-for-couples-to-manage-household-finances-together-12873254.html
10 tips for couples to manage household finances together
Representative image.
Managing household finances as a couple can sometimes be challenging, but it’s also an opportunity to strengthen your relationship and build a solid financial future together. Effective communication, shared goals, and teamwork are key to navigating important financial decisions successfully. Here’s a guide to working together as a couple on household finances. 1. Start with open communication Why it’s important: Money can be a sensitive topic, but open and honest communication lays the foundation for trust and collaboration. How to do it: Schedule regular discussions about finances where you both feel comfortable sharing your views. Talk about your income, expenses, savings, and financial concerns without judgment. Transparency helps avoid misunderstandings and promotes mutual understanding. Tip: Use these conversations to discuss each other's financial values and priorities. 2. Define your financial goals together Why it’s important: Having shared goals gives you a clear direction and helps you align your efforts. How to do it: List short-term and long-term goals, such as saving for a vacation, buying a house, or building an emergency fund. Rank them by priority and create a timeline to achieve each goal. This ensures you’re working toward a common vision. Example: "Let’s save ₹50,000 for a vacation by next summer and ₹5,00,000 for a down payment on a home in three years." 3. Create a jointbudget Why it’s important: A budget keeps both partners accountable and ensures spending aligns with shared priorities. How to do it: Combine your incomes and list all expenses, including fixed costs like rent or EMIs and variable expenses like groceries and entertainment. Allocate funds for savings and discretionary spending. Use budgeting tools or apps for transparency. Tip: Agree on a "fun money" allowance for each partner to spend freely without scrutiny. 4. Divide financial responsibilities Why it’s important: Sharing the workload prevents one partner from feeling overwhelmed and ensures all aspects of household finances are covered. How to do it: Divide tasks based on each partner’s strengths or preferences. For instance, one partner could handle bill payments while the other manages investments. Rotate tasks occasionally to stay equally informed. Example: "You can track the household budget, and I’ll research the best investment options." 5. Establish an emergency fund Why it’s important: An emergency fund provides financial security and reduces stress during unexpected situations. How to do it: Agree on an amount to save—typically 3–6 months' worth of expenses—and contribute regularly. Use a joint savings account or a liquid fund to keep this money easily accessible. Tip: Discuss how and when the fund can be used to avoid disagreements during emergencies. 6. Discuss major purchases in advance Why it’s important: Big financial decisions, like buying a car or renovating your home, should be made collaboratively to avoid resentment or conflicts. How to do it: Set a threshold for discussing purchases (e.g., any expense above ₹10,000 requires mutual agreement). Weigh the pros and cons together and evaluate how it fits into your budget and goals. Tip: Avoid impulsive decisions by taking time to evaluate the necessity and affordability of the purchase. 7. Plan for the future Why it’s important: Building wealth and securing your future requires long-term planning. How to do it: Invest in retirement funds, insurance policies, and diversified investments. Consult a financial advisor if needed to ensure your strategies align with your goals. Example: "Let’s contribute ₹5,000 monthly to a mutual fund for our child’s education." 8. Respect individual preferences Why it’s important: While teamwork is essential, maintaining individuality in some financial decisions helps both partners feel valued. How to do it: Allow each partner a certain amount of personal financial independence. For instance, maintain separate accounts for individual spending while contributing to a joint account for shared expenses. Tip: Respect each other’s spending choices within agreed limits. 9. Address disagreements constructively Why it’s important: Conflicts are natural, but how you handle them determines your financial harmony. How to do it: Approach disagreements calmly and focus on finding solutions. Avoid blaming and instead frame discussions around "we" and "our" to emphasize collaboration. Example: "We seem to have different priorities for our savings—how can we meet in the middle?" 10. Celebrate milestones together Why it’s important: Acknowledging achievements keeps both partners motivated and reinforces teamwork. How to do it: Celebrate when you reach a financial milestone, like paying off debt or achieving a savings goal. It doesn’t have to be extravagant—small gestures like a special dinner can be meaningful. Tip: Use these moments to reflect on what worked and plan for future goals. Working together on household finances as a couple requires patience, understanding, and commitment. Remember, financial harmony is not just about numbers—it’s about building trust and a future together.
2024-11-22 11:54
2024-11-22
11:54
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/sci-shares-rise-amid-buzz-over-introduction-of-three-new-shipping-sector-related-bills-at-winter-session-12873229.html
SCI shares rise 6% amid buzz over introduction of three new shipping sector-related bills at Winter Session
SCI shares rise amid buzz over introduction of three new shipping sector-related bills at Winter Session.
Shipping Corporation of India Ltd's (SCI) shares rose 6% on November 22 after CNBC-TV18 reported that three new bills regarding shipping sector will be introduced in Winter Session of Parliament, which will start on November 25. The government has listed 15 bills, including the Merchant Shipping Bill, Coastal Shipping Bill and the Indian Ports Bill, for the session. The Merchant Shipping Bill, also a new draft law planned by the government, seeks to ensure compliance with India's obligation under maritime treaties to which New Delhi is a party. The Coastal Shipping Bill, 2024 will remove the requirement for Indian-flagged vessels to acquire a general trading licence to operate on coastal waters once it gets Parliament nod. At 11:15 am on November 22,SCI's shareson BSE were trading 2.81% higher at Rs 212.09 apiece.
2024-11-22 11:53
2024-11-22
11:53
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/over-60-percent-of-trading-in-india-now-powered-by-algorithm-shows-data-12873247.html
Over 60 percent of trading in India now powered by algorithm, shows data
In recent months, there has been a marked increase in the interest shown by major global trading firms in setting up high-frequency trading (HFT) desks in India, for proprietary trading, with the likes of Citadel Securities, Tower Research and others seeking regulatory approvals..Related stories.
As much as 60 percent of the trading in India is now taking place via algo or High Frequency Trading (HFT), a senior BSE official said on November 21 at an event hosted by Association of National Exchanges Members of India (ANMI), showing the continued dominance of speed trading in the equity derivative segment. This trend of HFT's dominance has gathered momentum in last few years, data from NSE has shown, as Sebi's measures to rein in excessive retail F&O trading activity kick in from this week. India now accounts for over 80% of the global futures and options trading volume, a leadership that the regulator is not extremely happy about. Ashwani Bhatia, Whole-Time Member, SEBI had recently said at an event in October that this is a'crown we should not wish to wear', and that 'F&O cannot be and should not be a national pass time.' In recent months, there has been a marked increase in the interest shown by major global trading firms insetting up high-frequency trading (HFT) desks in India, for proprietary trading, with the likes of Citadel Securities, Tower Research and others seeking regulatory approvals. There no official number of how many global HFTs have sought to have presence in India, but industry estimates suggest about two dozen players have taken the local breakage route. V Sundaresan, Executive Director, SEBI said the regulator will ensure investor protection while encouraging innovation this space. "As stockbrokers increasingly prioritize investments in AI, blockchain, and algorithmic trading, SEBI remains committed to fostering an environment of innovation, transparency, and investor protection," Sundaresan said at the ANMI event in Mumbai. A study by Sebi has shown that high speed trading yieldedRs 58,840 crore ($7 billion) worth of gross profitsin the options market, powered by algorithms that have helped proprietary desks. In April US-based Jane Street informed that one of its strategies in India resulted in $1 billion worth of profits. A Sebi study in F&O trading, released in September show that the availability of sophisticated trading platforms and lower transaction costs enabled retail investors to actively trade in Options and Futures contracts, contributing to the surge in market liquidity. The same Sebi study showed that 306 out of 376 FPIs traded through algorithms, while 347 out of the 626 proprietary traders traded through algorithms. On the other hand, only 13% of 95.7 lakh individual traders traded through algorithms. As much as 97% of the profits of FPIs, and 96% profits of proprietary traders came from Algo entities, it said. Nine out of 10retail derivatives traders lost moneyduring the three-year period of the study till March 2024, with average loss per trader amounting to about Rs 2 lakh, Sebi report showed.
2024-11-22 11:51
2024-11-22
11:51
moneycontrol.com
https://www.moneycontrol.com/technology/how-to-reset-instagram-algorithm-a-step-by-step-guide-how-it-works-and-important-things-you-should-know-article-12873183.html
How to reset Instagram Algorithm: A step-by-step guide, how it works, and important things you should know
Instagram.Related stories.
Instagram has started testing a new Reset Suggested Content feature to let users restart their content recommendations. This guide walks you through how to use the feature, how it works, and what you should consider before resetting your algorithm. What is the Reset Suggested Content feature? The Reset Suggested Content feature lets users clear the algorithmic data influencing recommendations on the Explore page, Reels, and Feed. Once reset, Instagram stops using previously gathered interaction data like likes, searches, and watch history. The platform rebuilds its suggestions based on new user interactions, offering a fresh experience. How to reset the Instagram algorithmOpen Instagram: Launch the app on your device.Access Settings: Tap the three-dash menu on your profile page.Navigate to Content Preferences: Scroll down and select Content Preferences.Select Reset Suggested Content: Locate the feature and tap on it.Review the Explanation: Read the on-screen details about what the reset involves.Confirm Reset: Tap Reset to proceed. Once the algorithm is reset, Instagram treats your account as new, displaying generalised content until you interact with posts to guide the algorithm again.How does this work? Clearing Interaction Data: Instagram removes all data linked to content recommendations, such as your likes, search history, and watch activity. Rebuilding Suggestions: The system starts learning anew, using your current interactions like likes, comments, and saved posts. Neutral Content: Initially, you may see generic or neutral posts until the algorithm identifies your new preferences. What you should know Irreversible Action: The reset is permanent; past suggestions cannot be restored once cleared. Personal Data: The reset affects recommendation data only and does not alter followed accounts or saved posts. Strategic Interaction: Engage only with posts that match your interests to help Instagram rebuild your feed effectively. Teen Safety: The feature is especially beneficial for teens, aligning with Instagram’s focus on creating safer online environments.
2024-11-22 11:49
2024-11-22
11:49
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/mutual-funds-have-been-buying-these-stocks-over-the-past-four-successive-quarters-12873175.html
Mutual funds have been buying these stocks over the past four successive quarters
The investments have been in the small-cap space while diversifying slightly in large and mid-cap arena..Related stories.
Mutual funds have been consistently accumulating select stocks like Shilpa Medicare, Vedanta, Glenmark Life Sciences, Godrej Industries, BLS International Services, and Patanjali Foods among others over the last one year that have given high double-digit returns while outperforming even the benchmark Sensex and Nifty indices.Data shows that mutual funds have been adding these stocks to their portfolio for the past consecutive four quarters. Further, bulk of the investments has been in the small-cap space while diversifying slightly in large- and mid-cap arena. For instance, the mutual fund holding inShilpa Medicarewent from an insignificant 0.04 percent in September 2023 to 5.09 percent in September 2024. In the case of Vedanta, it jumped from 0.83 percent to 7.62 percent over the last four quarters. Shilpa Medicare is in the business of niche APIs, intermediates, and formulations and undertakes contract research and manufacturing services for its customers. Shares of the company delivered a remarkable 151.87 percent return in the last one year. Meanwhile, Vedanta is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia and UAE. Shares of the company have gained a staggering 84 percent in the last four quarters. Further,Gravita Indiain which mutual fund stake increased from 0.02 percent to 1.25 percent, also witnessed a massive rise in share price, gaining nearly 83 percent. Gravita India is one of the largest lead producer in India. The company also has expertise in the recycling of used batteries, cable scrap/other lead scrap, aluminium scrap, plastic scrap. Fiem Industries has also been high on the mutual fund radar with the cumulative stake going up from 0.03 percent in September 2023 to 3.23 percent in September 2024. The company is engaged in the business of manufacturing and supply of auto components like automotive lighting have climbed a little over 43 percent in the past one year. Further, they had around 30 percent market share of the total two-wheeler headlamp market in India. The stock has generated a 43 percent for the investors. Caplin Point Laboratories, wherein mutual fund stake moved up from 0.05 percent to 1.62 percent between September 2023 and 2024, is engaged in the manufacturing and sourcing of APIs, finished formulations, R&D, clinical research with presence in Latin America, Africa, USA and other nations. The company has a very wide portfolio of pharma products with 4,000+ registered products, 650+ formulations and presence in 36 therapeutic segments. The stock has jumped 55 percent in the past one year, moving from Rs 1,251 to Rs 1,946 per share as on November 21. On the other hand, Glenmark Life Sciences, which is a subsidiary of diversified conglomerate Nirma, rose 72 percent over the last one year. The company is planning three green field expansion of API at Solapur. The cumulative mutual fund stake in the company moved from 0.38 percent in September 2023 to 2.82 percent in September 2024.Here is the list of stocks in which mutual funds increased their stake in each of the four past quarters along with their respective one-year returns. The period saw the Sensex delivering a return of nearly 17 percent.
2024-11-22 11:43
2024-11-22
11:43
moneycontrol.com
https://www.moneycontrol.com/news/india/next-maharashtra-cm-fissures-in-both-mahayuti-mva-as-parties-stake-claim-for-top-post-even-before-results-12873233.html
Next Maharashtra CM: Fissures in both Mahayuti, MVA as parties stake claim for top post even before results
Ajit Pawar's supporters have put up banners in Pune, projecting the NCP chief as the next chief minister of Maharashtra..Related stories.
Who will be the next chief minister of Maharashtra? Even before the first vote is counted, speculations are rife about the person who will take charge of the Mantralaya in Mumbai. Names are flying thick and fast with constituents from both - the ruling Mahayuti and rival Maha Vikas Aghadi (MVA) - proposing frontrunners for the CM's post. Polling for the 288-member Maharashtra assembly concluded on November 20 and the results will be declared on November 23. Most exit polls have predicted that the Mahayuti alliance comprising BJP, Eknath Shinde's Shiv Sena and Ajit Pawar's NCP will retain power in the state. READ: Who will be next Maharashtra CM? All eyes on these frontrunners Interestingly, even before the counting day, fissures emerged within the alliances over who will lead the goverment. Shortly after the polling, Maharashtra Congress chief Nana Patole said that an MVA government would be formed in Maharashtra under the leadership of his party. He asserted that voting trends suggest the Congress will get the highest number of seats in the new assembly. Complete coverage of Maharashtra assembly elections 2024 The remarks did not go down well with ally Shiv Sena (UBT). Sanjay Raut on Thursday insisted the chief ministerial face will be decided by all alliance partners jointly once the MVA secures majority. Raut said if the Congress high command has told Patole that he will be the CM face then the national party's president Mallikarjun Kharge, and its top leaders Rahul Gandhi, Sonia Gandhi and Priyanka Gandhi Vadra should announce the same. Meanwhile, in the Mahayuti camp, Shiv Sena MLA and party spokesperson Sanjay Shirsat said the assembly elections were contested with Chief Minister Eknath Shinde as the face. “Voters have shown their preference for Shinde through voting. I think it is Shinde’s right (to be the next CM) and we are confident that he will be the next CM,” Shirsat said. BJP leader Pravin Darekar batted for Deputy Chief Minister Devendra Fadnavis for the top post. “I think if anyone from the BJP is becoming the CM then it will be Devendra Fadnavis,” he said. However, Ajit Pawar's supporters have put up banners in Pune, projecting the NCP chief as the next chief minister of Maharashtra. NCP leader Amol Mitkari said that the NCP will be the kingmaker, whatever the results may be, indicating that it may prove costly for Mahayuti to sideline Ajit Pawar. Former CM Devendra Fadnavis has maintained that all three Mahayuti parties will sit together and take a "good decision", when asked about the CM face of the alliance. Speaking to reporters separately, BJP leader Darekar claimed the Mahayuti will form the next government, dismissing the possibility of the MVA coming to power, and said the opposition bloc was plagued by “internal rifts”. Maharashtra recorded a turnout of 66.05 per cent in 2024, up from 61.1 per cent in 2019, according to the Election Commission. (With inputs from PTI)
2024-11-22 11:26
2024-11-22
11:26
moneycontrol.com
https://www.moneycontrol.com/news/business/ipo/ntpc-green-energy-ipo-sails-through-on-day-3-retail-portion-booked-2-63x-check-gmp-and-other-key-details-12873143.html
NTPC Green Energy IPO sails through on Day 3, retail portion booked 2.63x; check GMP and other key details
NTPC Green Energy is a 'Maharatna' central public sector enterprise with a renewable energy portfolio, including solar and wind power assets..Related stories.
NTPC Green Energy IPO was fully subscribed on the last day of subscription on November 22. The share sale received bids for 59.26 crore shares against 59.31 crore shares on offer, as per NSE data at around 11 am. The category for Retail Individual Investors (RIIs) of the renewable energy arm of NTPC attracted 2.64 times subscription while the Qualified Institutional Buyers (QIBs) part got subscribed 75 percent. The portion for non-institutional investors received 39 percent subscription. Earlier,NTPC Green Energymobilised Rs 3,960 crore from anchor investors. The Rs 10,000-crore initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue has a price band of Rs 102-108 per share. According to market observers that track the grey market premium activities, the shares of NTPC Green Energy are commanding a flat GMP in the unofficial market. NTPC: What next for the stock with NTPC Green Energy IPO done? The share allotment is likely to take place on November 25, while listing will take place on November 27, 2024. Proceeds from the IPO amounting to Rs 7,500 crore will be utilised to repay or prepay a part or the entire outstanding loans of its subsidiary, NTPC Renewable Energy Ltd (NREL), with a portion allocated for general corporate purposes. NTPC Green Energy, a 'Maharatna' central public sector enterprise, holds a renewable energy portfolio comprising solar and wind power assets.
2024-11-22 11:19
2024-11-22
11:19
moneycontrol.com
https://www.moneycontrol.com/news/india/waving-black-flags-at-cm-convoy-not-illegal-or-defamatory-says-kerala-high-court-12873139.html
Waving black flags at CM convoy not illegal or defamatory, says Kerala High Court
The court said that generally a black flag is shown as a mark of protest.Related stories.
In a setback for the Left government in Kerala, the High Court here has said that waving of black flags at the Chief Minister's convoy was not an illegal act and does not amount to defamation. The ruling by Justice Bechu Kurian Thomas assumes significance as many Youth Congress activists faced police action for waving black flags at CM Pinarayi Vijayan during the Nava Kerala Sadas, the state government's outreach programme, last year. "Though signs and visible representations can be a mode of defaming a person, still, showing or waving a black flag to a person cannot amount to defamation nor is it an illegal act," Justice Thomas said. The ruling came while quashing the final report against three persons for waving black flags at Vijayan's convoy in 2017 as it passed through North Paravur near here. The court said that generally a black flag is shown as a mark of protest and as long as there is no law which prohibits it, such conduct cannot attract the offence of defamation. It further said that in the instant case, the offence of defamation was alleged and cognisance was taken on the basis of a police report which were without any legal validity as such action can be initiated only on the basis of a private complaint. The court further noted that a reading of the final report indicated that "no obstruction was caused to the Chief Minister's convoy even temporarily, as the police party had blocked and removed the protesters immediately". "There is, hence, nothing to indicate that any obstruction was caused by the petitioners even temporarily to any person. Thus, the offence under section 283 (danger or obstruction in public way or line of navigation) of IPC is not attracted from the allegations in the final report," it said in its order of November 20. The court also noted that according to the final report, when the accused were protesting, the police prevented them from obstructing the CM's convoy, and in that process, the accused allegedly pushed and pulled at the officers' uniform. "Minimal push and pull is only natural while preventing a person from causing obstructions. The allegations do not indicate any obstruction caused in the discharge of the police duty. The allegations in the final report only indicate a trivial instance of push and pull by the petitioners... this court is of the view that having regard to the nature of allegations and in the absence of any assault or injury on the police officers and since the duty of the police officers was not deterred, section 95 (act causing slight harm) IPC can be applied to quash the offence under section 353 (assault or criminal force to deter public servant from discharge of his duty) IPC," the court said. The petitioners were booked for the offences under sections 283, 188 (disobedience to order duly promulgated by public servant), 500 (defamation) and 353 of the IPC for waving black flags at the CM's convoy in 2017. (With PTI inputs)
2024-11-22 11:18
2024-11-22
11:18
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/with-400-million-rights-issue-and-a-strategic-backer-is-upl-turning-a-new-leaf-12873209.html
With $400 million rights issue and a strategic backer, is UPL turning a new leaf?
UPL was excluded from the Nifty 50 earlier this year after falling below the market-cap threshold..Related stories.
UPL’s stock is stuck in a time warp, trading at 2017 levels—a rarity in a market where most stocks have soared substantially despite recent correction. The agrochemicals giant has faced a storm of troubles: sluggish demand, declining sales volumes, and a global price slump fueled by China’s overcapacity. Toss in a stretched working capital cycle and mounting debt, andUPLhas been on a shaky wicket for years. But could things finally be looking up? A debt-fuelled struggle UPL’s debt burden has been a heavyweight anchor. Its adjusted debt swelled to ₹29,931 crore in FY24 from ₹23,379 crore the year prior. Even as net debt eased to ₹27,530 crore this September, finance costs jumped to ₹1,070 crore as the average borrowing rate rose to 7% from 6.2%, according to Nuvama Institutional Equities. With short-term debt piling up and no principal repayments due until September 2025, refinancing will be crucial—especially given looming repayments of ₹6,255 crore in FY26 and ₹7,506 crore in FY27, according to Crisil Ratings. Also Read|UPL to raise up to Rs 3,378 crore via rights issue at Rs 360 per share A $400 million lifeline Enter the ₹3,378 crore ($400 million) rights issue announced on November 20, offering shares at a deep 34% discount to the closing price of Rs 545 on November 19. It’s a bold move to trim debt, but it doesn’t guarantee an instant turnaround. CRISIL Ratings expects the net debt-to-EBITDA ratio to improve to 2.6x in FY25 but flags potential moniterables: delays in operational recovery, working capital woes, or hiccups in the rights issue itself, which by the way has been in the offing for a few quarters now. Further, Crisil notes that UPL does not have principal repayment obligations before September 2025 but its sizeable repayment obligation of Rs 6,255 crore in FY26 and Rs 7,506 crore in FY27 will require part refinancing.  “Besides, the company’s perpetual bonds will also come up for repricing at prevalent market rates in May 2025. Refinancing of these bonds will push up interest costs, as current rates are much higher than interest rates prevalent about five years ago, when these bonds were raised.” Overall, timely refinancing of debt obligation including raising new debt with extended maturity will remain critical, according to the credit rating agency. But UPL isn’t out of moves yet. And that is the recent investment deal. A partner in need UPL’s plans to get investment firm Alpha Wave Global to snap up a 12.5% stake in Advanta Enterprises, UPL’s hybrid seeds subsidiary is another effort to ease finances. The $350 million deal—split between a $100 million primary investment and a $250 million share sale by UPL—aims to lighten the balance sheet further. Analysts at Nuvama see these moves as a possible trigger for a stock re-rating. Turning a corner? UPL’s stock hasn’t inspired much faith lately—it was booted from the Nifty 50 earlier this year after falling below the market-cap threshold. Yet the tide might be turning: the stock is up 6% in the past five sessions, though that pales compared to just 2.25% gains over five years. International brokerages are cautiously optimistic. HSBC is sticking with its ₹680 price target, citing rights issue proceeds and the Advanta stake sale as positives. There’s also hope that global inventory destocking is nearly over and that pricing pressure from China may ease. While 17 brokerages have a ‘buy’ call on UPL, six remain on the fence with a ‘hold,’ and four advise selling. What’s clear is that UPL isn’t out of the woods yet. The company’s ability to navigate its debt, manage refinancing, and ride the expected recovery in global agrochemical demand will determine if this marks the start of a true turnaround—or just another blip on a rocky path.
2024-11-22 11:11
2024-11-22
11:11
moneycontrol.com
https://www.moneycontrol.com/news/india/mumbai-2611-attack-terror-accused-rana-moves-us-supreme-court-against-extradition-to-india-12873197.html
Mumbai 26/11 attack: Terror accused Rana moves US Supreme Court against extradition to India
Tahawwur Rana, a Canadian national of Pakistani origin, was accused in the 2008 Mumbai terror attacks.Related stories.
Having lost his legal battle in all the lower courts, Mumbai attack accused Tahawwur Rana, a Canadian national of Pakistani origin, has now knocked on the doors of the US Supreme Court against his extradition to India. India has sought Rana’s extradition for his involvement in the 2008 Mumbai terror attack. Rana had last reached out to the US Court of Appeals for the North Circuit in San Francisco after losing the legal battle in lower courts and several federal courts. On September 23, the circuit court threw out his petition to give a stay on the decisions of the other courts that approved the move of the Department of State to extradite him to India. On November 13, Rana filed a “petition for a writ of certiorari” before the US Supreme Court. In a long battle, this is Rana’s last legal chance not to be extradited to India. In his “petitions for a writ of certiorari to review the judgment of the United States Court of Appeals for the Ninth Circuit” in this case, Rana makes the same argument that he was tried and acquitted in federal court in the Northern District of Illinois (Chicago) on charges relating to the 2008 terrorist attack on Mumbai. “India now seeks to extradite him for trial on charges based on the identical conduct at issue in the Chicago case,” it says. The petition says that if the “elements” standard applies, he very likely will be sent to India to be put on trial a second time for the same conduct, with conviction and a death sentence ominously on the horizon for him.  “In addition, resolution of this issue will have a considerable and increasing impact, as the growing globalisation of criminal law enforcement and international cooperation, which in turn has led to a dramatic rise in extraditions, will affect more and more individuals and nations going forward,” it said. Rana faces charges for his role in the 26/11 Mumbai attack and is known to be associated with Pakistani-American Lashkar-e-Taiba (LeT) terrorist David Coleman Headley, one of the main conspirators of the terror incident that hit India’s financial hub in 2008. A total of 166 people, including six Americans, were killed in the Mumbai terror attacks in which 10 Pakistani terrorists laid a more than 60-hour siege, attacking and killing people at iconic and vital locations in Mumbai. (With inputs from PTI)
2024-11-22 11:09
2024-11-22
11:09
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/sbi-surges-2-as-jefferies-shares-buy-rating-sees-29-potential-upside-amid-stable-asset-quality-12873180.html
SBI surges 2% as Jefferies shares "buy" rating, sees 29% potential upside amid stable asset quality
Asset quality also remains strong, even in the unsecured portfolio, say Jefferies.Related stories.
Shares of State Bank of India (SBI) surged over two percent to Rs 799 on November 22, snapping a two-day losing streak after Jefferies reiterated its "buy" rating with a target price of Rs 1,030. This suggests a potential 29 percent upside from current levels. Jefferies identified SBI as its top sector pick, emphasising scope for improvement in the loan-to-deposit ratio (LDR) as deposit mobilisation gains momentum. SBI’s management has retained guidance for 14–16 percent credit growth and 10–11 percent deposit growth in the near term. Asset quality also remains strong, even in the unsecured portfolio, at a time when many lenders are grappling with higher slippages in the microfinance segment. Additionally, Jefferies expects SBI’s margins to benefit from its substantial share of MCLR-linked loans, especially as retail inflation breaches the RBI’s tolerance zone, making rate cuts gradual. Notably, SBI has no plans to raise capital or monetize stakes in subsidiaries, highlighting its robust financial health. Catch all the market action on our LIVE blog In Q2FY25, SBI posted a 28 percent year-on-year jump in standalone net profit to Rs 18,331.4 crore, with net interest income growing 5.3 percent YoY to Rs 41,620 crore. While the lender’s net interest margin (NIM) fell 16 basis points YoY to 3.27 percent, its gross advances rose 14.9 percent YoY to Rs 39.2 trillion, and deposits increased 9.13 percent YoY to Rs 51.7 lakh crore. On the asset quality front, net NPAs declined around 5 percent sequentially to Rs 20,294 crore, while provisions for NPAs rose to Rs 3,631 crore, up from Rs 1,814.9 crore YoY.
2024-11-22 11:08
2024-11-22
11:08
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/india-is-abrdns-top-asia-bet-next-year-in-search-for-carry-trade-gains-12873211.html
India is Abrdn’s top Asia bet next year in search for carry trade gains
The Reserve Bank of India (RBI) headquarters building in Mumbai, India, on Wednesday, Oct. 9, 2024. India's central bank set the stage for its first interest rate cut in four years, growing more confident that inflation will ease in coming months. Bonds and stocks advanced. Photographer: Dhiraj Singh/Bloomberg.Related stories.
The Reserve Bank of India’s willingness to defend the rupee makes the country Abrdn Plc’s top bet in Asia, on the expectation that protection of carry gains will help the country’s assets outperform. The South Asian economy’s relatively low correlation with the US and attractive bond valuations also make the nation’s notes among the asset manager’s top weightings in emerging markets, said Kenneth Akintewe, head of Asian sovereign debt. “Fixed income looks a lot more like a carry-trade play next year in emerging markets,” Akintewe said in an interview, referring to the phenomenon where an investor borrows capital at lower rates to invest in assets that may offer higher returns. “Your carry is protected” via returns from bonds, as the rupee’s depreciation is limited versus the dollar. A stronger dollar leaves an emerging market’s higher-yielding assets vulnerable to a wipeout if their currency depreciates too much. Countries with more controlled foreign-exchange policies, such as Egypt and Nigeria, are attracting investor interest, while those with fully free-floating exchange rates, like Mexico and Brazil, are experiencing high volatility. Investors are searching for assets that might be less affected by Donald Trump’s US presidency amid uncertainty over how much of his campaign rhetoric will be implemented. If Trump is able to enact policies like his proposed tariffs, that may create a more risk-off environment in emerging markets and boost the dollar further. The RBI’s policy of using its nearly $700 billion of reserves to smooth out currency volatility has meant the rupee remains one of the least volatile in emerging markets, even while offering among Asia’s best yields. Carry will continue to be a key driver of relative performance among developing-market currencies, with the high carry-to-volatility rupee seen outperforming in Asia, Goldman Sachs Group Inc. strategists including Kamakshya Trivedi wrote in a note. The fact that the central bank is pushing back against rate cuts means that investors aren’t front-running expectations, helping keep yields above policy rates, said Akintewe. He has managed money in Asia for two decades, was one of the early foreign investors in India’s bond markets and runs a debt fund which focuses on the South Asian economy. “Valuations, low volatility, low correlation to global risk sentiments and other asset classes” are the key points, said Akintewe. The RBI can start easing rates from the first quarter of next year if inflation begins to slow, which can also result in capital gains, he said.
2024-11-22 11:07
2024-11-22
11:07
moneycontrol.com
https://www.moneycontrol.com/news/india/mumbai-murder-toddler-dies-after-uncle-jokingly-slaps-her-body-dumped-in-bushes-12873050.html
Mumbai murder: Toddler dies after uncle 'jokingly' slaps her; body dumped in bushes
The police reportedly took the child’s uncle into custody..
A man was on Thursday arrested for allegedly killing his three-year-old niece and disposing of her body in Maharashtra's Thane district, said police. According to reports, the girl went missing on November 18 from her home in Thane’s Prem Nagar on Thursday. “After she went missing, a kidnapping case was registered on the complaint of her mother. The child's body was found some distance away from Hill Line police station. After receiving the postmortem report, further action will take place," Deputy Commissioner of Police (Zone IV) Sachin Gore, told the media. The police reportedly took the child’s uncle into custody. According to NDTV, the accused, who is said to be in his 30s, confessed to the crime but claimed that he did not kill her intentionally. The police said the accused was “playing with her and jokingly slapped her after which she collided with a kitchen slab and died". He got scared and burnt the body. After burning the body, he threw it in bushes near Mumbai's Ulhasnagar. The police have sent the body for postmortem.
2024-11-22 10:56
2024-11-22
10:56
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/praj-industries-targets-three-fold-revenue-growth-by-2030-12873144.html
Praj Industries shares soar 9% on three-fold revenue growth target by 2030
Praj Industries.Related stories.
Shares of Praj Industries shot by over 9% in early trade on November 22 after the company said it sees three-fold revenue growth by 2030, driven by rising interest and investments in energy transition initiatives. Atul Mulay, President, Bioenergy Business said the company will also look to ramp up exports. “The current revenues of Praj are close to Rs 3400 crore annually, and we have a goal to reach Rs 10,000 crore by the year 2030. Currently, share of exports is around 29%; going forward, we are looking at increasing it to 50% by 2030,” Atul Mulay said. Executive Chairman ofPraj Industries, Pramod Chaudhari said energy transition and climate actions (ETCA) sectors have a global potential, which is expected to drive growth. "Globally, the energy majors are likely to invest close to Rs 25 lakh crore in the clean energy sector by 2030, whereas the traditional oil and gas market will continue to attract new investments to the tune of Rs 21 lakh crore in the next 10 years' time on the global front." Chaudhari said this investment push is likely to lead to significant demand for modularization solutions for setting up plants. Praj Industries said it has developed capabilities in modularization and set up a 123-acre manufacturing facility at Mangalore, Karnataka at an investment of about Rs 400 crore. Pramod Chaudhari said the facility can deliver revenues in the range of Rs 2,000-2,500 crore per year. Track Praj Industries' September quarter earningshere. What is ModularisationA module is an alternative to traditional construction process, where the system is shipped from the fabrication yard and installed at the site. Here, the process system is contained in a frame such that it allows the complete system to be transported. Praj has also set a target of blending 1% by 2027 and 2% by 2028 to create Sustainable Aviation Fuel (SAF), which is sees as a new opportunity for the company. Globally, EU and USA has pegged the SAF blending target at 6% and 10%, respectively, Ghanshyam Deshpande, President Technology at Praj Industries added.
2024-11-22 10:54
2024-11-22
10:54
moneycontrol.com
https://www.moneycontrol.com/technology/garena-free-fire-max-redeem-codes-for-november-22-2024-win-free-weapons-diamonds-and-more-rewards-today-article-12873174.html
Garena Free Fire MAX redeem codes for November 22, 2024: Win free weapons, diamonds, and more rewards today
Garena Free Fire Max.Related stories.
After the ban of its predecessor in 2022, Garena Free Fire Max quickly gained popularity among Indian gamers. Praised for its immersive graphics and extensive gameplay, the game has garnered significant interest since its launch. Particularly noteworthy is the introduction of daily free redemption codes by its developers, 111 Dot Studios, which has further heightened the game's appeal. These codes allow players to acquire various in-game items at no charge, including exclusive skins, diamonds, weapons, and other exciting rewards. Garena Free Fire MAX Redeem Codes for today, November 22 FFCMCPSEN5MXFFAC2YXE6RF2MCPW2D1U3XA3U8S47JGJH5MGFFIC33NTEUKAZZZ76NT3PDSHUVX9PYZV54ACFFCMCPSJ99S3FF9MJ31CXKRGXZJZE25WEFJJHNC95435FAGJMCPW3D28VZD6FF11WFNPP956BR43FMAPYEZZ What are Garena Free Fire Max redeem codes? The redeem codes for Garena Free Fire Max consist of 12-character alphanumeric combinations, including capital letters and numbers. Using these codes allows players to unlock various in-game rewards such as skins, weapons, and character upgrades. This promotional approach serves as an effective marketing tactic, creating a sense of urgency and reward within the battle royale gaming community. It's essential to note that these free redeem codes have a limited lifespan, typically valid for up to 12 hours, and are restricted to the first 500 claimants. Therefore, taking prompt action is crucial to ensure you secure your in-game rewards before the codes expire. Garena Free Fire Max November 22: How to redeem codes Step 1: Go to the redemption website by clicking on this link: https://reward.ff.garena.com/ Step 2: Sign in using your credentials from one of the supported platforms such as Google, Facebook, Huawei ID, Apple ID, or VK. Step 3: After logging in, you will be directed to a page where you can enter the 12-digit redemption codes. Step 4: Once the codes are successfully redeemed, claim your rewards from the in-game mail section.
2024-11-22 10:42
2024-11-22
10:42
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/paytm-stock-rises-6-extends-rally-for-5-consecutive-day-on-positive-outlook-12873117.html
Paytm stock rises 6%, extends rally for 5 consecutive day on positive outlook
Paytm shares have gained 56 percent in the last three months..Related stories.
Shares ofPaytm parent One97 Communicationsrose 6 percent to Rs 893 in morning trade on November 22, extending its rally for the fifth trading session in a row after Bernstein recently dished out a positive call on the fintech player. On November 22, international brokerage Bernstein reaffirmed its bullishness on Paytm as the narrative for the beleaguered fintech player changes from survival to optimism. Bernstein hiked its target price on Paytm to Rs 1,000 per share, up from Rs 750 earlier. Follow our LIVE blog for all the latest market updates In its bull case scenario, Bernstein expects Paytm to lend partly from its balance sheet and witness improved payment margins, projecting a 100 percent upside to its base case EPS estimates. Conversely, in the bear case scenario, the brokerage anticipates pressure on payment margins and subdued loan disbursal growth, with a potential 40 percent downside risk to its base case estimates. The sentiment has also stemmed from the National Payments Corporation of India's (NPCI) nod to on-board new UPI users, nearly nine months after the Reserve Bank of India (RBI) placed an embargo on the addition of new customers. For the quarter ended September, the Vijay Shekhar Sharma-led firm clocked a net profit of Rs 930 crore in Q2FY25, compared to a net loss of Rs 290.5 crore during the same period last year. However, this turnaround was on account of a one-time gain of Rs 1,345 crore due to the sale of Paytm's movie ticketing business to Zomato. At about 10 am, shares of the company were trading at Rs 888, higher by 5 percent from the last close on the NSE. Paytm shares have gained 56 percent in the last three months.
2024-11-22 10:42
2024-11-22
10:42
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/ashnisha-indust-standalone-september-2024-net-sales-at-rs-0-69-crore-down-66-21-y-o-y-12873150.html
Ashnisha Indust Standalone September 2024 Net Sales at Rs 0.69 crore, down 66.21% Y-o-Y
Reported Standalone quarterly numbers for Ashnisha Industries Limited are: Net Sales at Rs 0.69 crore in September 2024 down 66.21% from Rs. 2.04 crore in September 2023. Quarterly Net Profit at Rs. 0.02 crore in September 2024 down 91.82% from Rs. 0.22 crore in September 2023. EBITDA stands at Rs. 0.03 crore in September 2024 down 89.29% from Rs. 0.28 crore in September 2023. Ashnisha Indust EPS has decreased to Rs. 0.00 in September 2024 from Rs. 0.02 in September 2023.
2024-11-22 10:41
2024-11-22
10:41
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/tierra-agrotech-standalone-september-2024-net-sales-at-rs-6-04-crore-down-49-04-y-o-y-12873151.html
Tierra Agrotech Standalone September 2024 Net Sales at Rs 6.04 crore, down 49.04% Y-o-Y
Reported Standalone quarterly numbers for Tierra Agrotech are: Net Sales at Rs 6.04 crore in September 2024 down 49.04% from Rs. 11.85 crore in September 2023. Quarterly Net Loss at Rs. 5.36 crore in September 2024 down 35.13% from Rs. 3.97 crore in September 2023. EBITDA stands negative at Rs. 6.95 crore in September 2024 down 67.47% from Rs. 4.15 crore in September 2023. Tierra Agrotech shares closed at 60.74 on November 21, 2024 (BSE)
2024-11-22 10:41
2024-11-22
10:41
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/akg-exim-standalone-september-2024-net-sales-at-rs-16-53-crore-down-21-05-y-o-y-12873149.html
AKG Exim Standalone September 2024 Net Sales at Rs 16.53 crore, down 21.05% Y-o-Y
Reported Standalone quarterly numbers for AKG Exim are: Net Sales at Rs 16.53 crore in September 2024 down 21.05% from Rs. 20.93 crore in September 2023. Quarterly Net Profit at Rs. 0.08 crore in September 2024 down 45.74% from Rs. 0.14 crore in September 2023. EBITDA stands at Rs. 0.45 crore in September 2024 down 15.09% from Rs. 0.53 crore in September 2023. AKG Exim EPS has decreased to Rs. 0.02 in September 2024 from Rs. 0.04 in September 2023. AKG Exim shares closed at 17.77 on November 19, 2024 (NSE) and has given -7.21% returns over the last 6 months and -31.52% over the last 12 months.
2024-11-22 10:41
2024-11-22
10:41
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/avg-logistics-standalone-september-2024-net-sales-at-rs-138-44-crore-up-17-89-y-o-y-12873156.html
AVG Logistics Standalone September 2024 Net Sales at Rs 138.44 crore, up 17.89% Y-o-Y
Reported Standalone quarterly numbers for AVG Logistics are: Net Sales at Rs 138.44 crore in September 2024 up 17.89% from Rs. 117.43 crore in September 2023. Quarterly Net Profit at Rs. 5.35 crore in September 2024 up 83.58% from Rs. 2.92 crore in September 2023. EBITDA stands at Rs. 24.37 crore in September 2024 up 13.93% from Rs. 21.39 crore in September 2023. AVG Logistics EPS has increased to Rs. 3.92 in September 2024 from Rs. 1.46 in September 2023. AVG Logistics shares closed at 398.00 on November 19, 2024 (NSE) and has given -24.18% returns over the last 6 months and 25.73% over the last 12 months.
2024-11-22 10:40
2024-11-22
10:40
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/ritco-logistics-standalone-september-2024-net-sales-at-rs-279-09-crore-up-18-94-y-o-y-12873158.html
Ritco Logistics Standalone September 2024 Net Sales at Rs 279.09 crore, up 18.94% Y-o-Y
Reported Standalone quarterly numbers for Ritco Logistics are: Net Sales at Rs 279.09 crore in September 2024 up 18.94% from Rs. 234.64 crore in September 2023. Quarterly Net Profit at Rs. 11.45 crore in September 2024 up 34.21% from Rs. 8.53 crore in September 2023. EBITDA stands at Rs. 23.94 crore in September 2024 up 18.63% from Rs. 20.18 crore in September 2023. Ritco Logistics EPS has increased to Rs. 4.42 in September 2024 from Rs. 3.49 in September 2023. Ritco Logistics shares closed at 392.50 on November 19, 2024 (NSE) and has given 50.64% returns over the last 6 months and 64.16% over the last 12 months.
2024-11-22 10:40
2024-11-22
10:40
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/zaggle-prepaid-standalone-september-2024-net-sales-at-rs-302-56-crore-up-64-22-y-o-y-12873153.html
Zaggle Prepaid Standalone September 2024 Net Sales at Rs 302.56 crore, up 64.22% Y-o-Y
Reported Standalone quarterly numbers for Zaggle Prepaid Ocean Services are: Net Sales at Rs 302.56 crore in September 2024 up 64.22% from Rs. 184.24 crore in September 2023. Quarterly Net Profit at Rs. 18.56 crore in September 2024 up 144.68% from Rs. 7.59 crore in September 2023. EBITDA stands at Rs. 30.45 crore in September 2024 up 93.95% from Rs. 15.70 crore in September 2023. Zaggle Prepaid EPS has increased to Rs. 1.51 in September 2024 from Rs. 0.78 in September 2023. Zaggle Prepaid shares closed at 463.10 on November 19, 2024 (NSE)
2024-11-22 10:40
2024-11-22
10:40
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/shreeji-translo-standalone-september-2024-net-sales-at-rs-58-84-crore-down-9-71-y-o-y-12873155.html
Shreeji Translo Standalone September 2024 Net Sales at Rs 58.84 crore, down 9.71% Y-o-Y
Reported Standalone quarterly numbers for Shreeji Translogistics are: Net Sales at Rs 58.84 crore in September 2024 down 9.71% from Rs. 65.17 crore in September 2023. Quarterly Net Profit at Rs. 0.05 crore in September 2024 down 98.93% from Rs. 4.89 crore in September 2023. EBITDA stands at Rs. 2.29 crore in September 2024 down 72.21% from Rs. 8.24 crore in September 2023. Shreeji Translo EPS has decreased to Rs. 0.01 in September 2024 from Rs. 0.93 in September 2023. Shreeji Translo shares closed at 18.99 on November 21, 2024 (BSE) and has given -35.47% returns over the last 6 months and -64.61% over the last 12 months.
2024-11-22 10:40
2024-11-22
10:40
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/lancer-containe-standalone-september-2024-net-sales-at-rs-113-30-crore-up-0-86-y-o-y-12873154.html
Lancer Containe Standalone September 2024 Net Sales at Rs 113.30 crore, up 0.86% Y-o-Y
Reported Standalone quarterly numbers for Lancer Containers Lines are: Net Sales at Rs 113.30 crore in September 2024 up 0.86% from Rs. 112.34 crore in September 2023. Quarterly Net Profit at Rs. 2.92 crore in September 2024 down 58.58% from Rs. 7.06 crore in September 2023. EBITDA stands at Rs. 9.98 crore in September 2024 down 44.03% from Rs. 17.83 crore in September 2023. Lancer Containe EPS has decreased to Rs. 0.12 in September 2024 from Rs. 0.33 in September 2023. Lancer Containe shares closed at 149.70 on April 28, 2023 (NSE)
2024-11-22 10:40
2024-11-22
10:40
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/signpost-india-standalone-september-2024-net-sales-at-rs-129-70-crore-up-52-25-y-o-y-12873152.html
Signpost India Standalone September 2024 Net Sales at Rs 129.70 crore, up 52.25% Y-o-Y
Reported Standalone quarterly numbers for Signpost India are: Net Sales at Rs 129.70 crore in September 2024 up 52.25% from Rs. 85.19 crore in September 2023. Quarterly Net Profit at Rs. 15.87 crore in September 2024 up 151.16% from Rs. 6.32 crore in September 2023. EBITDA stands at Rs. 34.91 crore in September 2024 up 157.45% from Rs. 13.56 crore in September 2023. Signpost India EPS has increased to Rs. 2.97 in September 2024 from Rs. 1.18 in September 2023. Signpost India shares closed at 244.62 on November 19, 2024 (NSE) and has given -12.48% returns over the last 6 months and -28.65% over the last 12 months.
2024-11-22 10:40
2024-11-22
10:40
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/veranda-learn-standalone-september-2024-net-sales-at-rs-11-28-crore-up-40-45-y-o-y-12873164.html
Veranda Learn Standalone September 2024 Net Sales at Rs 11.28 crore, up 40.45% Y-o-Y
Reported Standalone quarterly numbers for Veranda Learning Solutions are: Net Sales at Rs 11.28 crore in September 2024 up 40.45% from Rs. 8.03 crore in September 2023. Quarterly Net Profit at Rs. 0.64 crore in September 2024 down 87.56% from Rs. 5.13 crore in September 2023. EBITDA stands at Rs. 11.86 crore in September 2024 up 77.01% from Rs. 6.70 crore in September 2023. Veranda Learn EPS has decreased to Rs. 0.09 in September 2024 from Rs. 0.79 in September 2023. Veranda Learn shares closed at 233.25 on November 19, 2024 (NSE) and has given 39.92% returns over the last 6 months and -16.92% over the last 12 months.
2024-11-22 10:39
2024-11-22
10:39
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/shanti-educatio-standalone-september-2024-net-sales-at-rs-6-29-crore-up-115-73-y-o-y-12873163.html
Shanti Educatio Standalone September 2024 Net Sales at Rs 6.29 crore, up 115.73% Y-o-Y
Reported Standalone quarterly numbers for Shanti Educational Initiatives Limited are: Net Sales at Rs 6.29 crore in September 2024 up 115.73% from Rs. 2.91 crore in September 2023. Quarterly Net Profit at Rs. 2.70 crore in September 2024 up 92% from Rs. 1.40 crore in September 2023. EBITDA stands at Rs. 3.99 crore in September 2024 up 79.73% from Rs. 2.22 crore in September 2023. Shanti Educatio EPS has increased to Rs. 0.17 in September 2024 from Rs. 0.09 in September 2023. Shanti Educatio shares closed at 174.85 on November 21, 2024 (BSE) and has given 104.79% returns over the last 6 months and 169.75% over the last 12 months.
2024-11-22 10:39
2024-11-22
10:39
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/vantage-knowled-standalone-september-2024-net-sales-at-rs-1-17-crore-up-66-26-y-o-y-12873162.html
Vantage Knowled Standalone September 2024 Net Sales at Rs 1.17 crore, up 66.26% Y-o-Y
Reported Standalone quarterly numbers for Vantage Knowledge Academy Limited are: Net Sales at Rs 1.17 crore in September 2024 up 66.26% from Rs. 0.70 crore in September 2023. Quarterly Net Profit at Rs. 0.86 crore in September 2024 up 201.34% from Rs. 0.28 crore in September 2023. EBITDA stands at Rs. 1.19 crore in September 2024 up 205.13% from Rs. 0.39 crore in September 2023. Vantage Knowled EPS has decreased to Rs. 0.08 in September 2024 from Rs. 0.85 in September 2023. Vantage Knowled shares closed at 168.05 on November 21, 2024 (BSE) and has given 393.83% returns over the last 6 months and 1,395.11% over the last 12 months.
2024-11-22 10:39
2024-11-22
10:39
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/western-carrier-standalone-september-2024-net-sales-at-rs-431-43-crore-up-1-31-y-o-y-12873160.html
Western Carrier Standalone September 2024 Net Sales at Rs 431.43 crore, up 1.31% Y-o-Y
Reported Standalone quarterly numbers for Western Carriers India are: Net Sales at Rs 431.43 crore in September 2024 up 1.31% from Rs. 425.85 crore in September 2023. Quarterly Net Profit at Rs. 18.96 crore in September 2024 up 3.6% from Rs. 18.30 crore in September 2023. EBITDA stands at Rs. 38.02 crore in September 2024 up 9.6% from Rs. 34.69 crore in September 2023. Western Carrier EPS has increased to Rs. 2.33 in September 2024 from Rs. 2.32 in September 2023. Western Carrier shares closed at 116.76 on November 19, 2024 (NSE)
2024-11-22 10:39
2024-11-22
10:39
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/asian-standalone-september-2024-net-sales-at-rs-0-30-crore-down-20-31-y-o-y-12873159.html
Asian Standalone September 2024 Net Sales at Rs 0.30 crore, down 20.31% Y-o-Y
Reported Standalone quarterly numbers for Asian Warehousing are: Net Sales at Rs 0.30 crore in September 2024 down 20.31% from Rs. 0.38 crore in September 2023. Quarterly Net Profit at Rs. 0.01 crore in September 2024 up 107.51% from Rs. 0.14 crore in September 2023. EBITDA stands at Rs. 0.18 crore in September 2024 down 30.77% from Rs. 0.26 crore in September 2023. Asian EPS has increased to Rs. 0.03 in September 2024 from Rs. 0.39 in September 2023. Asian shares closed at 42.93 on November 21, 2024 (BSE) and has given -31.97% returns over the last 6 months and 37.42% over the last 12 months.
2024-11-22 10:39
2024-11-22
10:39
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/delhivery-standalone-september-2024-net-sales-at-rs-2019-96-crore-up-14-04-y-o-y-12873161.html
Delhivery Standalone September 2024 Net Sales at Rs 2,019.96 crore, up 14.04% Y-o-Y
Reported Standalone quarterly numbers for Delhivery are: Net Sales at Rs 2,019.96 crore in September 2024 up 14.04% from Rs. 1,771.27 crore in September 2023. Quarterly Net Profit at Rs. 19.08 crore in September 2024 up 127.44% from Rs. 69.55 crore in September 2023. EBITDA stands at Rs. 176.68 crore in September 2024 up 69.36% from Rs. 104.32 crore in September 2023. Delhivery EPS has increased to Rs. 0.26 in September 2024 from Rs. 0.94 in September 2023. Delhivery shares closed at 346.35 on November 19, 2024 (NSE)
2024-11-22 10:39
2024-11-22
10:39
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/ph-capital-standalone-september-2024-net-sales-at-rs-30-12-crore-up-32-43-y-o-y-12873166.html
PH CAPITAL Standalone September 2024 Net Sales at Rs 30.12 crore, up 32.43% Y-o-Y
Reported Standalone quarterly numbers for PH CAPITAL are: Net Sales at Rs 30.12 crore in September 2024 up 32.43% from Rs. 22.74 crore in September 2023. Quarterly Net Profit at Rs. 11.28 crore in September 2024 up 39.28% from Rs. 8.10 crore in September 2023. EBITDA stands at Rs. 15.36 crore in September 2024 up 39.51% from Rs. 11.01 crore in September 2023. PH CAPITAL EPS has increased to Rs. 37.58 in September 2024 from Rs. 26.99 in September 2023. PH CAPITAL shares closed at 233.60 on November 21, 2024 (BSE) and has given 53.18% returns over the last 6 months and 168.11% over the last 12 months.
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/rr-metalmakers-standalone-september-2024-net-sales-at-rs-11-04-crore-down-3-21-y-o-y-12873168.html
RR Metalmakers Standalone September 2024 Net Sales at Rs 11.04 crore, down 3.21% Y-o-Y
Reported Standalone quarterly numbers for RR Metalmakers India are: Net Sales at Rs 11.04 crore in September 2024 down 3.21% from Rs. 11.40 crore in September 2023. Quarterly Net Profit at Rs. 0.21 crore in September 2024 down 27.53% from Rs. 0.29 crore in September 2023. EBITDA stands at Rs. 0.99 crore in September 2024 down 28.26% from Rs. 1.38 crore in September 2023. RR Metalmakers EPS has decreased to Rs. 0.24 in September 2024 from Rs. 0.33 in September 2023. RR Metalmakers shares closed at 40.65 on November 21, 2024 (BSE) and has given -17.01% returns over the last 6 months and -3.19% over the last 12 months.
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/yaan-enterprise-standalone-september-2024-net-sales-at-rs-0-68-crore-up-153-61-y-o-y-12873167.html
Yaan Enterprise Standalone September 2024 Net Sales at Rs 0.68 crore, up 153.61% Y-o-Y
Reported Standalone quarterly numbers for Yaan Enterprises are: Net Sales at Rs 0.68 crore in September 2024 up 153.61% from Rs. 0.27 crore in September 2023. Quarterly Net Profit at Rs. 0.03 crore in September 2024 up 150% from Rs. 0.01 crore in September 2023. EBITDA stands at Rs. 0.04 crore in September 2024 up 100% from Rs. 0.02 crore in September 2023. Yaan Enterprise EPS has increased to Rs. 0.09 in September 2024 from Rs. 0.03 in September 2023. Yaan Enterprise shares closed at 65.24 on November 21, 2024 (BSE) and has given -23.44% returns over the last 6 months and 155.84% over the last 12 months.
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/interads-export-standalone-september-2024-net-sales-at-rs-0-07-crore-up-42-8-y-o-y-12873171.html
Interads Export Standalone September 2024 Net Sales at Rs 0.07 crore, up 42.8% Y-o-Y
Reported Standalone quarterly numbers for Interads Export are:Net Sales at Rs 0.07 crore in September 2024 up 42.8% from Rs. 0.05 crore in September 2023.Quarterly Net Profit at Rs. 0.01 crore in September 2024 up 89.47% from Rs. 0.01 crore in September 2023.EBITDA stands at Rs. 0.01 crore in September 2024 down 0% from Rs. 0.01 crore in September 2023.Interads Export EPS has increased to Rs. 0.07 in September 2024 from Rs. 0.04 in September 2023.Interads Export shares closed at 16.73 on October 22, 2024 (BSE)Interads ExportStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations0.071.560.05Other Operating Income------Total Income From Operations0.071.560.05EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods--4.20--Increase/Decrease in Stocks---4.36--Power & Fuel------Employees Cost0.030.030.02Depreciation------Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.031.650.02P/L Before Other Inc. , Int., Excpt. Items & Tax0.010.030.01Other Income------P/L Before Int., Excpt. Items & Tax0.010.030.01Interest----0.00P/L Before Exceptional Items & Tax0.010.030.01Exceptional Items------P/L Before Tax0.010.030.01Tax0.000.010.00P/L After Tax from Ordinary Activities0.010.020.01Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.010.020.01Equity Share Capital1.571.571.57Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.070.150.04Diluted EPS0.070.150.04EPS After Extra OrdinaryBasic EPS0.070.150.04Diluted EPS0.070.150.04Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/rt-exports-standalone-september-2024-net-sales-at-rs-1-74-crore-down-13-25-y-o-y-12873165.html
RT Exports Standalone September 2024 Net Sales at Rs 1.74 crore, down 13.25% Y-o-Y
Reported Standalone quarterly numbers for RT Exports are: Net Sales at Rs 1.74 crore in September 2024 down 13.25% from Rs. 2.01 crore in September 2023. Quarterly Net Loss at Rs. 0.06 crore in September 2024 down 209.77% from Rs. 0.05 crore in September 2023. EBITDA stands negative at Rs. 0.01 crore in September 2024 down 111.11% from Rs. 0.09 crore in September 2023. RT Exports shares closed at 45.95 on November 21, 2024 (BSE) and has given 32.27% returns over the last 6 months and 16.33% over the last 12 months.
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/pesti-and-brew-standalone-september-2024-net-sales-at-rs-5-78-crore-down-22-09-y-o-y-12873169.html
Pesti and Brew Standalone September 2024 Net Sales at Rs 5.78 crore, down 22.09% Y-o-Y
Reported Standalone quarterly numbers for Pesti and Brew are:Net Sales at Rs 5.78 crore in September 2024 down 22.09% from Rs. 7.41 crore in September 2023.Quarterly Net Loss at Rs. 0.83 crore in September 2024 down 63.96% from Rs. 0.51 crore in September 2023.EBITDA stands negative at Rs. 0.79 crore in September 2024 down 88.1% from Rs. 0.42 crore in September 2023.Pesti and BrewStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations5.785.887.41Other Operating Income------Total Income From Operations5.785.887.41EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods4.194.525.59Increase/Decrease in Stocks-0.030.060.29Power & Fuel------Employees Cost0.230.220.46Depreciation0.030.030.07Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses2.182.151.48P/L Before Other Inc. , Int., Excpt. Items & Tax-0.82-1.11-0.49Other Income------P/L Before Int., Excpt. Items & Tax-0.82-1.11-0.49Interest0.010.000.02P/L Before Exceptional Items & Tax-0.83-1.11-0.51Exceptional Items------P/L Before Tax-0.83-1.11-0.51Tax------P/L After Tax from Ordinary Activities-0.83-1.11-0.51Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-0.83-1.11-0.51Equity Share Capital1.051.051.38Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS-7.90-1.06-4.82Diluted EPS-7.90-1.06-4.82EPS After Extra OrdinaryBasic EPS-7.90-1.06-4.82Diluted EPS-7.90-1.06-4.82Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/the-yamuna-synd-standalone-september-2024-net-sales-at-rs-15-20-crore-up-9-68-y-o-y-12873170.html
The Yamuna Synd Standalone September 2024 Net Sales at Rs 15.20 crore, up 9.68% Y-o-Y
Reported Standalone quarterly numbers for The Yamuna Syndicate are:Net Sales at Rs 15.20 crore in September 2024 up 9.68% from Rs. 13.86 crore in September 2023.Quarterly Net Profit at Rs. 13.92 crore in September 2024 up 34% from Rs. 10.39 crore in September 2023.EBITDA stands at Rs. 14.17 crore in September 2024 up 34.19% from Rs. 10.56 crore in September 2023.The Yamuna Synd EPS has increased to Rs. 452.89 in September 2024 from Rs. 337.96 in September 2023.The Yamuna SyndicateStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations15.2019.3413.86Other Operating Income------Total Income From Operations15.2019.3413.86EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods13.2718.8412.12Increase/Decrease in Stocks0.94-0.520.85Power & Fuel------Employees Cost0.500.470.45Depreciation0.020.020.02Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.180.190.17P/L Before Other Inc. , Int., Excpt. Items & Tax0.290.350.25Other Income13.860.6110.30P/L Before Int., Excpt. Items & Tax14.150.9610.54Interest------P/L Before Exceptional Items & Tax14.150.9610.54Exceptional Items------P/L Before Tax14.150.9610.54Tax0.230.240.15P/L After Tax from Ordinary Activities13.920.7210.39Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period13.920.7210.39Equity Share Capital3.073.073.07Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS452.8923.26337.96Diluted EPS452.8923.26337.96EPS After Extra OrdinaryBasic EPS452.8923.26337.96Diluted EPS452.8923.26337.96Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:38
2024-11-22
10:38
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/hcltech-well-positioned-to-tackle-any-potential-us-visa-policy-shifts-says-morgan-stanley-12873044.html
HCLTech well-positioned to tackle any potential US visa policy shifts, says Morgan Stanley
HCLTech Ltd.Related stories.
HCLTech'sU.S. operations appear well-positioned to mitigate risks from potential changes in U.S. visa regulations following Donald Trump's return to the White House, with approximately 80 percent of HCLTech's U.S.-based employees being non-visa dependent, according to Morgan Stanley. HCLTech has significantly expanded its nearshore centres to further reduce exposure to visa-related challenges. Concerns over U.S. immigration policies have resurfaced under the Trump 2.0 administration, which is expected to tighten scrutiny on H-1B visas—critical for IT exports. The H-1B program allows U.S. companies to employ foreign workers in specialised roles. At 10.25 AM, shares of HCLTech traded 2 percent higher at Rs 1,873. HCLTech shares have gained 25 percent year-to-date, significantly outperforming the Nifty 50's 8 percent rise during the same timeframe. The stock has risen 5 percent in November so far. Morgan Stanley maintained an 'Equal-weight' rating on HCLTech with a target price of Rs 1,970, reflecting an upside of over 5 percent from the stock's current market price. Follow our live blog for all the market action Morgan Stanley noted that HCLTech's management provided balanced commentary on demand trends. The brokerage said that the company's qualified deal pipeline is at an all-time high, with the order book remaining robust despite consistent deal wins. HCLTech remains focused on delivering profitable growth and is unfazed by pricing competition in large deals. In Q2FY25, HCLTech reported total contract value (TCV) of $2,218 million in new deal wins. The company’s better-than-expected Q2FY25 earnings prompted several brokerages, including Nuvama Institutional Equities, Centrum Broking, Antique Stock Broking, and Investec, to raise their target prices on the stock. HCLTech reported a consolidated net profit of Rs 4,235 crore for the quarter ended September, reflecting a 0.5 percent decline QoQ. This figure exceeded Moneycontrol's estimate of a 5.5 percent QoQ decline to Rs 4,024 crore. Meanwhile, revenue from operations increased by nearly 3 percent QoQ to Rs 28,862 crore, surpassing Moneycontrol's forecast of 1.6 percent QoQ growth to Rs 28,517 crore. HCLTech also raised its revenue growth guidance for FY25, now expecting growth in the range of 3.5-5 percent, up from the previous 3-5 percent range.
2024-11-22 10:29
2024-11-22
10:29
moneycontrol.com
https://www.moneycontrol.com/news/business/india-us-ties-have-strong-foundation-white-house-confident-in-navigating-crisis-over-adani-bribery-charges-12873121.html
India-US ties built on strong foundation: White House confident in navigating crisis over Adani bribery charges
Gautam Adani.Related stories.
Asserting that the relationship between India and the US is built on a strong foundation, the White House is confident that it can navigate the recent crisis around bribery charges against billionaire Gautam Adani. At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani. Adani has been charged by US prosecutors for allegedly being part of a scheme to pay over $250 million (about Rs 2,100 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. “Obviously we're aware of these allegations, and I would have to refer you to the SEC (Securities and Exchange Commission) and DOJ (Department of Justice) about the specifics of those allegations against the Adani Group,” she said. “What I will say is on the US and India relationship, we believe that it stands on an extremely strong foundation anchored in ties between our people and cooperation across a full range of global issues,” Jean-Pierre said. “What we believe and we're confident about is that we'll continue to navigate this issue as we have with other issues that may have come up as you just stated. And so the specifics of this, this is something that the SEC and DOJ can speak to directly, but again, we believe that…this relationship between India and the US has been built on a strong foundation,” the Press Secretary said. Meanwhile,Adani group stocks fell furtheron Friday, November 22, extending losses after the previous day's carnage. Adani Enterprises stock fell 4 percent to Rs 2,095 on NSE in the opening trade; Adani Green Energy fell 9 percent to Rs 1,040; Adani Energy Solutions fell 4.5 percent to Rs 665; Adani Port and SEZ fell 3 percent to Rs 1,084. Also Read |S&P cuts outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges With PTI inputs
2024-11-22 10:22
2024-11-22
10:22
moneycontrol.com
https://www.moneycontrol.com/news/business/ipo/onyx-biotec-shares-list-at-11-discount-below-ipo-price-on-nse-sme-12873119.html
Onyx Biotec shares list at 11% discount below IPO price on NSE SME
The Punjab-based company manufactures sterile water for injections..Related stories.
Onyx Biotec shares listed with about 11 percent discount below it IPO price on the NSE SME platform on November 22, Friday. The Punjab-based company manufactures sterile water for injections. The shares of thecompanywere listed at Rs 54.05 per share on the NSE SME against its IPO price of Rs 61 at a discount of 11.39 percent. The company plans to spend Rs 6.08 crore out of net IPO proceeds for the upgradation of its existing manufacturing to manufacture large volume parentals for intravenous use, which will be sold under the Onyx brand name to pharma companies, distributors, stockist and hospitals. With two manufacturing facilities in Himachal Pradesh,Onyx Biotec also acts as a pharmaceutical contract manufactureroffering dry powder injections and dry syrup. It holds longstanding relationships with several clients in the pharmaceutical industry including Hetero Healthcare, Mankind Pharma, Sun Pharmaceutical Industries, Aristo Pharmaceuticals, Macleods Pharmaceuticals, Mapra Laboratories, Axa Parenterals, FDC, Zuventus Healthcare, Akums Drugs and Pharmaceuticals among others.
2024-11-22 10:18
2024-11-22
10:18
moneycontrol.com
https://www.moneycontrol.com/news/world/our-insane-neighbour-zelenskyy-calls-russian-strike-of-new-ballistic-missile-clear-escalation-12873118.html
'Our insane neighbour': Zelenskyy calls Russian strike of new ballistic missile 'clear escalation'
Moscow’s attack comes after Ukraine used US and UK-made missiles to strike military targets deep inside Russian territory this week.Related stories.
President Volodymyr Zelenskyy on Friday said that the Russian attack at a Ukrainian military facility with a new type of ballistic missile was a “clear and severe escalation” in the war and called for strong worldwide condemnation. Russia fired a hypersonic intermediate-range ballistic missile at the Ukrainian city of Dnipro on Thursday in retaliation to the US and UK allowing Kyiv to strike Russian territory with advanced Western weapons. “This is a clear and severe escalation in the scale and brutality of this war,” Zelenskyy wrote on X, referring to a strike on the central city of Dnipro. “The use of a ballistic missile against Ukraine today is yet more proof that Russia has no interest in peace.” The Ukrainian President added that Russia’s attack on its territory using a new type of ballistic missile was the second step toward escalation as the first step was involving North Korea in the war “with a contingent of at least 11,000 soldiers.” “The use of a ballistic missile against Ukraine today is yet more proof that Russia has no interest in peace. Putin lies when he claims that Ukraine’s use of long-range weapons is somehow a new step for us,” Zelenskyy added.Today, our insane neighbor has once again revealed its true natureits disdain for dignity, freedom, and human life itself. And, most of all, its fear.Fear so overwhelming that it unleashes missile after missile, scouring the globe for more weaponswhether from Iran or Northpic.twitter.com/tEsZ0Uu1btVolodymyr Zelenskyy / (@ZelenskyyUa)November 21, 2024 Russian President Vladimir Putin said on Thursday that Moscow struck a Ukrainian military facility with a new medium-range, hypersonic ballistic missile known as “Oreshnik” (the hazel) and warned that more could follow. He assured that civilians would be warned ahead of further strikes with such weapons. Moscow’s attack comes after Ukraine used US and UK-made missiles to strike military targets deep inside Russian territory this week, escalating the conflict that has already lasted 1,000 days. Putin said that after approval from the administration of President Joe Biden, Ukraine struck Russia with six US-made ATACMS on November 19 and with British ‘Storm Shadow’ missiles and US-made HIMARS on November 21. “From that moment, a regional conflict in Ukraine previously provoked by the West has acquired elements of a global character,” Putin said in an address to the nation carried by state television in Moscow. China reacts As the conflict between Russia and Ukraine intensified by firing long-range and middle-range missiles, China urged both the parties involved to remain “calm” and exercise “restraint” during the time. “China’s stance of encouraging all parties to de-escalate the situation and commit to a political resolution of the Ukraine crisis remains unchanged. China will continue to play a constructive role in this regard,” a senior Chinese official said. It comes as Russia’s war in Ukraine, which began in February 2022, crossed 1,000 days and currently remains at a volatile juncture with increased military strikes and geopolitical situation. (With PTI inputs)
2024-11-22 10:17
2024-11-22
10:17
moneycontrol.com
https://www.moneycontrol.com/news/opinion/anti-hindu-violence-in-bangladesh-rss-has-been-raising-the-issue-for-more-than-four-decades-12873031.html
Anti-Hindu Violence in Bangladesh: RSS has been raising the issue for more than four decades
The violence in Bangladesh continues unabated, with multiple attacks on Hindus and their religious places recently reported from Chittagong..Related stories.
(RSSFACTS is a column that demystifies the functioning, organisational structure and ideology of the Rashtriya Swayamsevak Sangh.) The Rashtriya Swayamsevak Sangh (RSS) continues to be deeply concerned about the atrocities against Hindus in Bangladesh. Since Sheikh Hasina’s exit,more than 2,000attacks on Hindus have been reported across the country between August 4-20 this year. The violence continues unabated, with multiple attacks on Hindus and their religious places recently reported from Chittagong. Thecommunal attackson Hindus have been portrayed in Bangladesh as ‘politically motivated’ rather than communal. This narrative was reiterated by the interim government every time the recent attacks on Hindus were questioned. Muhammad Yunus, the chief of the interim government, even went so far as to call the rate of communal attacks ‘exaggerated.’ Although the Indian government has urged the Bangladeshi government to take strong measures to protect Hindus, the anti-Hindu violence is so deeply entrenched in Bangladesh’s socio-political structure that Hindus remain unsafe. RSS Raises Concern The RSS has consistently raised concerns over the persecution of Hindus and other minorities in Bangladesh for decades. In 1978, the RSS passed its first resolution, highlighting the stripping of ancestral property from Hindus and the coercion to convert to Islam under local laws. In 1989, the RSS passed another resolution expressing grave concern over the large-scale uprooting of Hindus and other religious minorities, leading to an influx of refugees into India. This influx mainly affected West Bengal, Assam, Tripura, and Meghalaya. The 1989 resolution condemned the violence that followed the declaration of Bangladesh as an Islamic state in 1988. It condemned the arrest, molestation of Hindu women, desecration of Hindu temples, and the forcible conversion of Hindus. The RSS continued to raise these issues in resolutions passed in 1993, 1994, and 2002. In 2013, the Akhil Bharatiya Pratinidhi Sabha (ABPS), the RSS’s highest decision-making body, passed aresolutionon the ongoing persecution of Hindus in Pakistan and Bangladesh. It condemned attacks on Hindus, including Buddhists, and their places of worship, specifically pointing to groups like Jamaat-e-Islami Bangladesh, known for its anti-Hindu and anti-India stance. The resolution stated that for decades, Hindus and other minorities in Bangladesh had been subjected to systemic violence and that they were facing the brunt of Islamic extremism. The RSS resolution had condemned ‘the attacks on Hindus including Buddhists in Bangladesh and their places of worship by the fundamentalist groups like the notoriously anti-Hindu and anti-Bharat Jamaat-e-Islami Bangladesh etc.’ The resolution categorically said, “This has become a phenomenon in Bangladesh for the last several decades. The Hindus and other minorities have been facing the brunt of Islamic fury for no fault of their own time and again. Decline of Hindu Population The RSS sees the roots of anti-Hindu violence in Bangladesh as a consequence of the Partition of India in 1947, which it describes as a “tragic and irrational” division. According to the RSS, the Partition left Hindus in Pakistan and Bangladesh vulnerable, and they became strangers in their own land. The RSS resolution of 2013 noted the travesty of Hindus suffering for the failures of past political leadership, calling for the Indian government to revisit the issue of Hindu refugees from these countries. It is a travesty that these unfortunate Hindus are paying the price of their lives for the omissions and commissions of their past political masters, said the 2013 resolution of the RSS. It also called upon ‘the Government of Bharat to revisit the entire issue of Hindu refugees and Hindu citizens of Pakistan and Bangladesh.’ It invoked the Nehru-Liaqat pact of 1950 that had expressly stated that the minorities on both sides would be accorded full protection and citizenship rights. The RSS resolution said, “In Bharat every Constitutional measure was invoked to accord not only protection and security but also many special provisions amounting to appeasement in favour of the so-called minorities. They are well-placed in our country today in terms of their demographic, economic, educational and social status. On the contrary the Hindus of Bangladesh and Pakistan have been subjected to continuous persecution resulting in severe depletion of numbers, absolute poverty, human rights abuse and migration. The ABPS insists that it is the responsibility of the Government of Bharat to challenge Pakistan and Bangladesh on the issue of violation of Nehru-Liaqat Pact conditions. Disappearance of millions of Hindus can’t simply be brushed aside by invoking the sovereignty principle. These two countries need to be questioned on the continuous influx of Hindu refugees into Bharat. While not a single member of the so-called minority community has even gone over to these countries from Bharat as a refugee millions have crossed over to this side and are continuing to do so.” The resolution also highlighted the fact that the Hindu population of East and West Pakistan at the time of the Partition was 28% and 11% respectively whereas the Muslim population of what became truncated Bharat was 8%. “Today while the Muslim population in Bharat has risen to 14% the Hindu population in Bangladesh has come down to less than 10% and in Pakistan to less than 2%,” said the ABPS resolution. Jihadi Groups Gather Momentum In 2021, another top decision making body of the RSS, Akhil Bharatiya Karyakari Mandal (ABKM) passed aresolutionexpressing its deep anguish over the  violence against Hindus in Bangladesh. The RSS also strongly condemned the continuing brutality on the Hindu minority there and termed it as a part of larger conspiracy by Jihadi groups to further Islamisation of Bangladesh. Three-years after this resolution, the concern expressed by the RSS regarding ‘Islamisation of Bangladesh by Jihadi group’ is getting reflected on the ground. Jamaat-e-Islami Bangladesh is leading from the front in anti-Hindu violence. It also played a major role in the forced ouster of a democratically elected Prime Minister of Bangladesh. During the last four months, senior functionaries of the RSS including Sarsanghchalak Mohan Bhagwat and Sarkaryavah Dattatreya Hosabale have repeatedly voiced their concern about anti-Hindu violence in Bangladesh. In the annualVijaydashami speechat Nagpur, Bhagwat specifically mentioned that Hindus need to learn lessons from the way Hindus have been targeted in Bangladesh. On October 26,Hosabale saidafter the ABKM’s annual meeting in Mathura that Hindus in Bangladesh should not migrate. He urged them to stay in their homeland, emphasizing that it is their land and that sacred places like Shaktipeeths are located there. He pointed out that Hindus worldwide have historically looked to India in times of crisis, but it is equally important for Hindus in Bangladesh to remain rooted in their own land. Earlier RSSFACTS columns can beread here.
2024-11-22 10:16
2024-11-22
10:16
moneycontrol.com
https://www.moneycontrol.com/news/india/indian-again-cancels-more-consular-camps-in-canada-over-inability-to-provide-security-12873069.html
India again cancels consular camps in Canada over 'inability' to provide security
several violent attacks were reported by Khalistani extremists in the consular camps in Brampton, Surrey, and Vancouver..Related stories.
Amid the ongoing tense diplomatic ties, the Indian Consulate in Canada has cancelled the scheduled consular camps after the security agencies conveyed their “continued inability to provide minimum security protection” to the organisers of the camp. “Due to continued inability conveyed by security agencies to provide minimum security against heightened threats, Consulate has had to cancel some more consular camps. Most of them were not at any places of worship, including one at a Police facility. Consulate is fully sensitive to the difficulties faced by close to 4,000 elderly members of the diaspora in the Greater Toronto Area- both Indian and Canadian nationals- who have been deprived of an essential consular service,” Consulate General of India, Toronto said in a statement.UPDATE ON CONSULAR CAMPS:Due to continued inability conveyed by security agencies to provide minimum security against heightened threats, Consulate has had to cancel some more consular camps. Most of them were not at any places of worship, including one at a Police facility.pic.twitter.com/a3c9gQMaBdIndiainToronto (@IndiainToronto)November 21, 2024Earlier this month, the Consulate had cancelled the camps citing the similar concerns. “In view of the security agencies conveying their inability to provide minimum security protection to the community camp organizers, Consulate has decided to cancel some of the scheduled consular camps,” the Consulate had said. Consular camps are routine operations organised by the Indian diplomatic missions in Canada, including the High Commission in Ottawa and the Consulates in Vancouver and Toronto, to help Indian with various services, such as life certificates. The decision came days after Khalistani extremists allegedly attacked devotees within the Hindu Sabha temple premises in Brampton. Earlier this month, a group of protestors holding banners in support of Khalistan disrupted a consular event attended by Indian officials at Brampton’s Hindu Mandir. The protestors allegedly thrashed people with sticks outside the temple. The incident was condemned, including by Prime Minister Narendra Modi and his Canadian counterpart Justin Trudeau. Additionally, several violent attacks were reported by Khalistani extremists in the consular camps in Brampton, Surrey, and Vancouver. “We had asked for security to be provided for our diplomats where the consular camp was to be held and those have not been provided by the Canadian side,” Ministry of External Affairs spokesperson Randhir Jaiswal had said on the closure of consular camps. “Over the last year or even more, the kind of things that we have seen attacking Indian diplomats, threatening, intimidating, harassing Indian diplomats… Yes, the threats have increased,” he had said. (With PTI inputs)
2024-11-22 10:16
2024-11-22
10:16
moneycontrol.com
https://www.moneycontrol.com/news/business/stocks/hold-ratnamani-metals-and-tubes-target-of-rs-3950-sharekhan-12873127.html
Hold Ratnamani Metals and Tubes; target of Rs 3950: Sharekhan
Hold.Related stories.
Sharekhan's research report onRatnamani Metals and Tubes PAT stood at Rs. 99 crore (down 40%/6% y-o-y/q-o-q) was 23% below our estimate due to monsoon led delayed dispatches and weakness in pricing. OPM fell by 584 bps on lower execution of export orders, which are scheduled to be executed in the coming quarters. Order book rose 16% q-o-q to Rs. 2,960 crore. Strong traction was seen in inquiry of export orders. Outlook Strong balance sheet and dominant domestic position in steel tubes & pipes segment makes it well-placed to capture medium to long-term growth opportunities from oil & gas and the water supply segment. We retain a Hold rating due to limited upside on the rich valuations with a PT of Rs. 3,950. Stock trades at 32x FY27 EPS and 20x FY27 EV/EBITDA. For all recommendations report,click here Ratnamani Metals & Tubes - 22112024 - khan
2024-11-22 10:12
2024-11-22
10:12
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/ntpc-stock-inches-higher-on-green-energy-ipos-final-day-analysts-see-long-term-potential-12873072.html
NTPC stock inches higher on Green Energy IPO’s final day, analysts see long-term potential
NTPC Green Energy initial public offering was subscribed 93 per cent on the second day of the share sale..Related stories.
Shares of NTPC Ltd. traded with gains of half a percent during the morning deals on November 22, the final day of its subsidiary NTPC Green Energy's IPO (initial public offering). The shares ofNTPChave fallen a little over 16 percent over the last one month. Experts, however, expect correction to continue in the next few months based on market movements. Siddharth Khemka, Head of Research (Retail) at Motilal Oswal Financial Services Limited (MOFSL), said that the market sentiment may have been impacted by external factors including the US election results and below expectations Q2 results from NTPC. According to Rupesh Sankhe, Senior Research Analyst at Elara Capital, the listing of NTPC Green Energy as a separate entity will likely lead to a holding company discount. “That’s why the incremental value on the NTPC Green side will result in a discount for NTPC’s current shareholders. So, in SOTP (Sum of the Parts), you will see some value coming down,” said Sankhe, adding that this has already been factored in by the market. But he remains optimistic about the long-term prospects, citing that NTPC's conventional assets are currently valued at around 2X book value, which he believes is very reasonable. “A lot of renewable energy capacities are being added, giving investors options on the renewable side. NTPC holds about 90 percent of NTPC Green. But if you take out this value in SOTP, the conventional assets of NTPC are now available at an attractive valuation,” he added. At 10 am, shares of NTPC were quoting Rs 358.95 apiece, higher by 0.8 percent on the NSE compared to the previous session's closing price. Follow our  live blog to catch all the market updates NTPC Green Energy initial public offering was subscribed 93 per cent on the second day of the share sale, with investors bidding for 54.96 crore shares against 59.31 crore on offer. The Rs 10,000-crore IPO is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component. The price band for the issue is set at Rs 102-108 per share. Proceeds from the IPO will primarily be used to repay or prepay a portion of the outstanding loans of its subsidiary, NTPC Renewable Energy Ltd. (NREL), amounting to Rs 7,500 crore. The remaining funds will be utilised for general corporate purposes.
2024-11-22 10:09
2024-11-22
10:09
moneycontrol.com
https://www.moneycontrol.com/news/business/stocks/buy-finolex-cables-target-of-rs-1300-sharekhan-12873116.html
Buy Finolex Cables; target of Rs 1300: Sharekhan
Buy.Related stories.
Sharekhan's research report onFinolex Cables Q2 numbers were a mixed bag with revenues rising 10.5%, but OPM declining to 8.1% from 12.3%. The margins were impacted by lower and volatile copper prices, high-cost inventory and channel destocking. Segment wise –Electric cables/communication cables/copper rods/FMEG reported revenues of Rs. 1,104/135/349/60 crore with a growth of 12%/-0.8%/-22%/10% on a y-o-y basis. Capex of Rs. 500 crore in the next two years with a significant capex of Rs. 350-400 crore in FY25. The E-beam facility is awaiting regulatory permissions and is expected to be operational soon. Outlook Finolex has a leadership position and is a strong brand in the C&W segment. In the long term, optic fiber cables should do well, as India remains underpenetrated in the segment. We maintain our Buy rating for a revised PT of Rs 1,300. At CMP, the company trades at a valuation of 18x on FY27 earnings. For all recommendations report,click here Finolex Cables - 22112024 - khan
2024-11-22 10:08
2024-11-22
10:08
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/thinkink-pictur-standalone-september-2024-net-sales-at-rs-1-17-crore-down-81-96-y-o-y-12873091.html
THINKINK PICTUR Standalone September 2024 Net Sales at Rs 1.17 crore, down 81.96% Y-o-Y
Reported Standalone quarterly numbers for THINKINK PICTUREZ are:Net Sales at Rs 1.17 crore in September 2024 down 81.96% from Rs. 6.50 crore in September 2023.Quarterly Net Profit at Rs. 0.46 crore in September 2024 down 86.73% from Rs. 3.48 crore in September 2023.EBITDA stands at Rs. 0.68 crore in September 2024 down 85.09% from Rs. 4.56 crore in September 2023.THINKINK PICTUR EPS has decreased to Rs. 0.16 in September 2024 from Rs. 1.17 in September 2023.THINKINK PICTUR shares closed at 3.05 on November 21, 2024 (BSE) and has given -34.41% returns over the last 6 months and -70.70% over the last 12 months.THINKINK PICTUREZStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations1.171.006.50Other Operating Income------Total Income From Operations1.171.006.50EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost0.070.050.30Depreciation0.030.030.05Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.420.741.66P/L Before Other Inc. , Int., Excpt. Items & Tax0.650.184.48Other Income----0.03P/L Before Int., Excpt. Items & Tax0.650.184.51Interest0.010.010.01P/L Before Exceptional Items & Tax0.640.174.50Exceptional Items------P/L Before Tax0.640.174.50Tax0.180.041.01P/L After Tax from Ordinary Activities0.460.123.48Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.460.123.48Equity Share Capital14.8114.8114.81Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.160.041.17Diluted EPS0.160.041.17EPS After Extra OrdinaryBasic EPS0.160.041.17Diluted EPS0.160.041.17Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:03
2024-11-22
10:03
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/sprayking-standalone-september-2024-net-sales-at-rs-15-94-crore-down-0-13-y-o-y-12873089.html
Sprayking Standalone September 2024 Net Sales at Rs 15.94 crore, down 0.13% Y-o-Y
Reported Standalone quarterly numbers for Sprayking are:Net Sales at Rs 15.94 crore in September 2024 down 0.13% from Rs. 15.96 crore in September 2023.Quarterly Net Profit at Rs. 0.44 crore in September 2024 down 70.44% from Rs. 1.48 crore in September 2023.EBITDA stands at Rs. 1.19 crore in September 2024 down 41.09% from Rs. 2.02 crore in September 2023.Sprayking EPS has decreased to Rs. 0.08 in September 2024 from Rs. 1.40 in September 2023.Sprayking shares closed at 11.73 on November 21, 2024 (BSE) and has given -44.46% returns over the last 6 months and -48.07% over the last 12 months.SpraykingStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations15.9420.0915.96Other Operating Income------Total Income From Operations15.9420.0915.96EXPENDITUREConsumption of Raw Materials16.1313.2412.12Purchase of Traded Goods------Increase/Decrease in Stocks-2.243.17-1.22Power & Fuel------Employees Cost0.260.170.16Depreciation0.300.290.04Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.671.032.99P/L Before Other Inc. , Int., Excpt. Items & Tax0.822.201.88Other Income0.070.050.10P/L Before Int., Excpt. Items & Tax0.892.251.98Interest0.320.19-0.02P/L Before Exceptional Items & Tax0.572.071.99Exceptional Items------P/L Before Tax0.572.071.99Tax0.130.560.51P/L After Tax from Ordinary Activities0.441.501.48Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.441.501.48Equity Share Capital10.5710.5710.57Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.080.281.40Diluted EPS0.080.281.40EPS After Extra OrdinaryBasic EPS0.080.281.40Diluted EPS0.080.281.40Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:03
2024-11-22
10:03
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/libas-consumer-standalone-september-2024-net-sales-at-rs-9-92-crore-up-3-7-y-o-y-12873090.html
Libas Consumer Standalone September 2024 Net Sales at Rs 9.92 crore, up 3.7% Y-o-Y
Reported Standalone quarterly numbers for Libas Consumer Products are:Net Sales at Rs 9.92 crore in September 2024 up 3.7% from Rs. 9.56 crore in September 2023.Quarterly Net Profit at Rs. 0.19 crore in September 2024 down 82.4% from Rs. 1.10 crore in September 2023.EBITDA stands at Rs. 0.69 crore in September 2024 down 48.12% from Rs. 1.33 crore in September 2023.Libas Consumer EPS has decreased to Rs. 0.07 in September 2024 from Rs. 0.42 in September 2023.Libas Consumer shares closed at 16.23 on November 19, 2024 (NSE) and has given -13.90% returns over the last 6 months and 0.50% over the last 12 months.Libas Consumer ProductsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations9.929.539.56Other Operating Income------Total Income From Operations9.929.539.56EXPENDITUREConsumption of Raw Materials8.448.607.97Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost0.120.100.12Depreciation0.040.040.05Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.670.180.16P/L Before Other Inc. , Int., Excpt. Items & Tax0.650.611.26Other Income--0.000.02P/L Before Int., Excpt. Items & Tax0.650.611.28Interest0.390.280.18P/L Before Exceptional Items & Tax0.260.331.10Exceptional Items------P/L Before Tax0.260.331.10Tax0.070.080.00P/L After Tax from Ordinary Activities0.190.241.10Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.190.241.10Equity Share Capital26.3426.3426.34Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.070.090.42Diluted EPS0.070.090.42EPS After Extra OrdinaryBasic EPS0.070.090.42Diluted EPS0.070.090.42Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:03
2024-11-22
10:03
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/orissa-minerals-standalone-september-2024-net-sales-at-rs-23-39-crore-up-40-73-y-o-y-12873092.html
Orissa Minerals Standalone September 2024 Net Sales at Rs 23.39 crore, up 40.73% Y-o-Y
Reported Standalone quarterly numbers for Orissa Minerals Development Company are:Net Sales at Rs 23.39 crore in September 2024 up 40.73% from Rs. 16.62 crore in September 2023.Quarterly Net Profit at Rs. 0.79 crore in September 2024 down 58.86% from Rs. 1.92 crore in September 2023.EBITDA stands at Rs. 7.24 crore in September 2024 up 51.46% from Rs. 4.78 crore in September 2023.Orissa Minerals EPS has decreased to Rs. 1.32 in September 2024 from Rs. 3.21 in September 2023.Orissa Minerals shares closed at 7,453.80 on November 19, 2024 (NSE) and has given 27.06% returns over the last 6 months and 8.48% over the last 12 months.Orissa Minerals Development CompanyStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations23.3913.8716.62Other Operating Income------Total Income From Operations23.3913.8716.62EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks3.13-2.341.98Power & Fuel------Employees Cost4.684.653.87Depreciation0.570.570.56Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses8.878.457.76P/L Before Other Inc. , Int., Excpt. Items & Tax6.142.532.45Other Income0.530.791.77P/L Before Int., Excpt. Items & Tax6.673.324.22Interest5.485.397.46P/L Before Exceptional Items & Tax1.19-2.08-3.24Exceptional Items------P/L Before Tax1.19-2.08-3.24Tax0.40---5.16P/L After Tax from Ordinary Activities0.79-2.081.92Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.79-2.081.92Equity Share Capital0.600.600.60Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS1.32-3.463.21Diluted EPS1.32-3.463.21EPS After Extra OrdinaryBasic EPS1.32-3.463.21Diluted EPS1.32-3.463.21Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:03
2024-11-22
10:03
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/sonam-standalone-september-2024-net-sales-at-rs-24-47-crore-down-0-59-y-o-y-2-12873087.html
SONAM Standalone September 2024 Net Sales at Rs 24.47 crore, down 0.59% Y-o-Y
Reported Standalone quarterly numbers for SONAM are:Net Sales at Rs 24.47 crore in September 2024 down 0.59% from Rs. 24.62 crore in September 2023.Quarterly Net Profit at Rs. 1.34 crore in September 2024 up 12.57% from Rs. 1.19 crore in September 2023.EBITDA stands at Rs. 2.98 crore in September 2024 down 12.87% from Rs. 3.42 crore in September 2023.SONAM EPS has decreased to Rs. 0.34 in September 2024 from Rs. 0.60 in September 2023.SONAM shares closed at 83.54 on November 19, 2024 (NSE)SONAMStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations24.4222.6024.51Other Operating Income0.050.070.11Total Income From Operations24.4722.6724.62EXPENDITUREConsumption of Raw Materials11.2612.498.58Purchase of Traded Goods6.586.229.10Increase/Decrease in Stocks0.36-1.610.94Power & Fuel------Employees Cost1.541.311.40Depreciation0.670.660.85Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses2.031.671.40P/L Before Other Inc. , Int., Excpt. Items & Tax2.051.922.34Other Income0.260.360.23P/L Before Int., Excpt. Items & Tax2.312.292.57Interest0.510.530.89P/L Before Exceptional Items & Tax1.801.761.67Exceptional Items------P/L Before Tax1.801.761.67Tax0.450.590.48P/L After Tax from Ordinary Activities1.341.171.19Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period1.341.171.19Equity Share Capital20.0220.0220.02Reserves Excluding Revaluation Reserves26.8525.5120.76Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.340.290.60Diluted EPS0.340.290.60EPS After Extra OrdinaryBasic EPS0.340.290.60Diluted EPS0.340.290.60Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:03
2024-11-22
10:03
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/irm-energy-standalone-september-2024-net-sales-at-rs-231-52-crore-up-5-18-y-o-y-12873088.html
IRM Energy Standalone September 2024 Net Sales at Rs 231.52 crore, up 5.18% Y-o-Y
Reported Standalone quarterly numbers for IRM Energy are:Net Sales at Rs 231.52 crore in September 2024 up 5.18% from Rs. 220.12 crore in September 2023.Quarterly Net Profit at Rs. 12.94 crore in September 2024 down 53.94% from Rs. 28.10 crore in September 2023.EBITDA stands at Rs. 35.60 crore in September 2024 down 21.72% from Rs. 45.48 crore in September 2023.IRM Energy EPS has decreased to Rs. 3.15 in September 2024 from Rs. 9.29 in September 2023.IRM Energy shares closed at 368.40 on November 19, 2024 (NSE)IRM EnergyStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations231.52225.35220.12Other Operating Income------Total Income From Operations231.52225.35220.12EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods171.44161.22156.19Increase/Decrease in Stocks-0.470.711.23Power & Fuel------Employees Cost3.913.742.70Depreciation8.638.186.05Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses30.1529.3718.04P/L Before Other Inc. , Int., Excpt. Items & Tax17.8522.1435.92Other Income9.129.433.51P/L Before Int., Excpt. Items & Tax26.9731.5739.43Interest6.115.105.18P/L Before Exceptional Items & Tax20.8726.4734.25Exceptional Items------P/L Before Tax20.8726.4734.25Tax7.927.706.15P/L After Tax from Ordinary Activities12.9418.7728.10Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period12.9418.7728.10Equity Share Capital41.0641.0630.26Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS3.154.579.29Diluted EPS3.154.579.29EPS After Extra OrdinaryBasic EPS3.154.579.29Diluted EPS3.154.579.29Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:03
2024-11-22
10:03
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/samyak-intl-standalone-september-2024-net-sales-at-rs-3-73-crore-up-298-59-y-o-y-12873098.html
Samyak Intl Standalone September 2024 Net Sales at Rs 3.73 crore, up 298.59% Y-o-Y
Reported Standalone quarterly numbers for Samyak International are:Net Sales at Rs 3.73 crore in September 2024 up 298.59% from Rs. 0.93 crore in September 2023.Quarterly Net Profit at Rs. 0.22 crore in September 2024 up 106.44% from Rs. 0.11 crore in September 2023.EBITDA stands at Rs. 0.35 crore in September 2024 up 133.33% from Rs. 0.15 crore in September 2023.Samyak Intl EPS has increased to Rs. 0.36 in September 2024 from Rs. 0.17 in September 2023.Samyak Intl shares closed at 47.10 on November 21, 2024 (BSE) and has given 56.22% returns over the last 6 months and 137.28% over the last 12 months.Samyak InternationalStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations3.734.020.93Other Operating Income------Total Income From Operations3.734.020.93EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods2.603.260.83Increase/Decrease in Stocks0.260.29-0.17Power & Fuel------Employees Cost0.170.140.08Depreciation0.030.030.04Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.410.090.05P/L Before Other Inc. , Int., Excpt. Items & Tax0.250.210.11Other Income0.070.00--P/L Before Int., Excpt. Items & Tax0.320.210.11Interest0.090.000.00P/L Before Exceptional Items & Tax0.230.210.11Exceptional Items------P/L Before Tax0.230.210.11Tax0.00----P/L After Tax from Ordinary Activities0.220.210.11Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.220.210.11Equity Share Capital6.256.256.25Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.360.330.17Diluted EPS0.360.330.17EPS After Extra OrdinaryBasic EPS0.360.330.17Diluted EPS0.360.330.17Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/orient-trade-standalone-september-2024-net-sales-at-rs-3-07-crore-up-53-71-y-o-y-12873094.html
Orient Trade Standalone September 2024 Net Sales at Rs 3.07 crore, up 53.71% Y-o-Y
Reported Standalone quarterly numbers for Orient Tradelink are:Net Sales at Rs 3.07 crore in September 2024 up 53.71% from Rs. 1.99 crore in September 2023.Quarterly Net Profit at Rs. 0.54 crore in September 2024 up 225.5% from Rs. 0.17 crore in September 2023.EBITDA stands at Rs. 1.09 crore in September 2024 up 78.69% from Rs. 0.61 crore in September 2023.Orient Trade EPS has increased to Rs. 0.45 in September 2024 from Rs. 0.13 in September 2023.Orient Trade shares closed at 15.50 on November 19, 2024 (BSE) and has given 73.77% returns over the last 6 months and 114.68% over the last 12 months.Orient TradelinkStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations3.073.261.99Other Operating Income------Total Income From Operations3.073.261.99EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods1.701.250.16Increase/Decrease in Stocks-0.020.600.97Power & Fuel------Employees Cost0.140.120.13Depreciation0.370.330.39Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.170.210.14P/L Before Other Inc. , Int., Excpt. Items & Tax0.710.730.21Other Income0.010.010.01P/L Before Int., Excpt. Items & Tax0.720.750.22Interest----0.00P/L Before Exceptional Items & Tax0.720.750.22Exceptional Items------P/L Before Tax0.720.750.22Tax0.180.190.06P/L After Tax from Ordinary Activities0.540.560.17Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.540.560.17Equity Share Capital12.2712.2712.27Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.450.450.13Diluted EPS0.450.450.13EPS After Extra OrdinaryBasic EPS0.450.450.13Diluted EPS0.450.450.13Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/kcd-industries-standalone-september-2024-net-sales-at-rs-1-61-crore-down-74-53-y-o-y-12873097.html
KCD Industries Standalone September 2024 Net Sales at Rs 1.61 crore, down 74.53% Y-o-Y
Reported Standalone quarterly numbers for KCD Industries India are:Net Sales at Rs 1.61 crore in September 2024 down 74.53% from Rs. 6.32 crore in September 2023.Quarterly Net Profit at Rs. 0.15 crore in September 2024 down 81.28% from Rs. 0.80 crore in September 2023.EBITDA stands at Rs. 0.22 crore in September 2024 down 72.5% from Rs. 0.80 crore in September 2023.KCD Industries EPS has decreased to Rs. 0.06 in September 2024 from Rs. 0.28 in September 2023.KCD Industries shares closed at 8.19 on November 21, 2024 (BSE) and has given -18.34% returns over the last 6 months and -40.22% over the last 12 months.KCD Industries IndiaStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations1.616.226.32Other Operating Income------Total Income From Operations1.616.226.32EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods----1.18Increase/Decrease in Stocks1.266.22-0.08Power & Fuel------Employees Cost0.080.080.15Depreciation------Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.040.114.75P/L Before Other Inc. , Int., Excpt. Items & Tax0.22-0.190.32Other Income--0.390.48P/L Before Int., Excpt. Items & Tax0.220.190.80Interest0.000.00--P/L Before Exceptional Items & Tax0.220.190.80Exceptional Items------P/L Before Tax0.220.190.80Tax0.070.06--P/L After Tax from Ordinary Activities0.150.130.80Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.150.130.80Equity Share Capital3.713.713.71Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.060.050.28Diluted EPS0.130.050.98EPS After Extra OrdinaryBasic EPS0.060.050.28Diluted EPS0.130.050.98Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/globus-spirits-standalone-september-2024-net-sales-at-rs-637-86-crore-up-12-46-y-o-y-12873104.html
Globus Spirits Standalone September 2024 Net Sales at Rs 637.86 crore, up 12.46% Y-o-Y
Reported Standalone quarterly numbers for Globus Spirits are:Net Sales at Rs 637.86 crore in September 2024 up 12.46% from Rs. 567.16 crore in September 2023.Quarterly Net Profit at Rs. 1.56 crore in September 2024 down 88.08% from Rs. 13.06 crore in September 2023.EBITDA stands at Rs. 32.25 crore in September 2024 down 21.49% from Rs. 41.08 crore in September 2023.Globus Spirits EPS has decreased to Rs. 0.45 in September 2024 from Rs. 4.53 in September 2023.Globus Spirits shares closed at 811.55 on November 19, 2024 (NSE) and has given 4.35% returns over the last 6 months and -4.10% over the last 12 months.Globus SpiritsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations637.86642.11567.16Other Operating Income------Total Income From Operations637.86642.11567.16EXPENDITUREConsumption of Raw Materials450.53440.48363.57Purchase of Traded Goods------Increase/Decrease in Stocks3.2911.0018.96Power & Fuel------Employees Cost21.8921.5619.93Depreciation20.1819.5216.24Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses131.89120.68127.16P/L Before Other Inc. , Int., Excpt. Items & Tax10.0828.8721.30Other Income1.991.763.54P/L Before Int., Excpt. Items & Tax12.0730.6224.84Interest9.718.267.37P/L Before Exceptional Items & Tax2.3622.3617.47Exceptional Items------P/L Before Tax2.3622.3617.47Tax0.805.974.42P/L After Tax from Ordinary Activities1.5616.4013.06Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period1.5616.4013.06Equity Share Capital28.8228.8728.80Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.455.684.53Diluted EPS0.455.684.50EPS After Extra OrdinaryBasic EPS0.455.684.53Diluted EPS0.455.684.50Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/ugar-sugar-work-standalone-september-2024-net-sales-at-rs-240-37-crore-up-2-7-y-o-y-12873099.html
Ugar Sugar Work Standalone September 2024 Net Sales at Rs 240.37 crore, up 2.7% Y-o-Y
Reported Standalone quarterly numbers for Ugar Sugar Works are:Net Sales at Rs 240.37 crore in September 2024 up 2.7% from Rs. 234.06 crore in September 2023.Quarterly Net Loss at Rs. 60.03 crore in September 2024 down 80.82% from Rs. 33.20 crore in September 2023.EBITDA stands negative at Rs. 40.71 crore in September 2024 down 150.22% from Rs. 16.27 crore in September 2023.Ugar Sugar Work shares closed at 72.64 on November 19, 2024 (NSE) and has given -4.48% returns over the last 6 months and -16.98% over the last 12 months.Ugar Sugar WorksStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations240.37315.79234.06Other Operating Income------Total Income From Operations240.37315.79234.06EXPENDITUREConsumption of Raw Materials84.20103.4832.77Purchase of Traded Goods4.335.6130.74Increase/Decrease in Stocks147.46163.35144.31Power & Fuel------Employees Cost19.5320.6822.12Depreciation6.836.796.94Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses29.1815.8224.36P/L Before Other Inc. , Int., Excpt. Items & Tax-51.160.07-27.18Other Income3.622.313.98P/L Before Int., Excpt. Items & Tax-47.542.38-23.21Interest12.2113.409.19P/L Before Exceptional Items & Tax-59.75-11.02-32.40Exceptional Items------P/L Before Tax-59.75-11.02-32.40Tax0.290.800.80P/L After Tax from Ordinary Activities-60.03-11.83-33.20Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-60.03-11.83-33.20Equity Share Capital11.2511.2511.25Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS-5.34-1.05-2.95Diluted EPS-5.34-1.05-2.95EPS After Extra OrdinaryBasic EPS-5.34-1.05-2.95Diluted EPS-5.34-1.05-2.95Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/sea-tv-network-standalone-september-2024-net-sales-at-rs-1-03-crore-down-52-81-y-o-y-12873105.html
Sea TV Network Standalone September 2024 Net Sales at Rs 1.03 crore, down 52.81% Y-o-Y
Reported Standalone quarterly numbers for Sea TV Network are:Net Sales at Rs 1.03 crore in September 2024 down 52.81% from Rs. 2.18 crore in September 2023.Quarterly Net Loss at Rs. 1.74 crore in September 2024 down 5.9% from Rs. 1.64 crore in September 2023.EBITDA stands negative at Rs. 1.27 crore in September 2024 up 11.81% from Rs. 1.44 crore in September 2023.Sea TV Network shares closed at 9.20 on November 21, 2024 (BSE) and has given 5.75% returns over the last 6 months and 213.99% over the last 12 months.Sea TV NetworkStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations1.032.342.18Other Operating Income------Total Income From Operations1.032.342.18EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks0.000.020.05Power & Fuel------Employees Cost1.301.421.36Depreciation0.120.120.11Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses1.022.032.22P/L Before Other Inc. , Int., Excpt. Items & Tax-1.41-1.25-1.57Other Income0.020.320.02P/L Before Int., Excpt. Items & Tax-1.39-0.93-1.55Interest0.350.090.09P/L Before Exceptional Items & Tax-1.74-1.01-1.64Exceptional Items------P/L Before Tax-1.74-1.01-1.64Tax------P/L After Tax from Ordinary Activities-1.74-1.01-1.64Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-1.74-1.01-1.64Equity Share Capital12.0212.0212.02Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS-1.45-0.84-1.37Diluted EPS-1.45-0.84-1.37EPS After Extra OrdinaryBasic EPS-1.45-0.84-1.37Diluted EPS-1.45-0.84-1.37Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/brahma-infra-standalone-september-2024-net-sales-at-rs-31-22-crore-down-48-17-y-o-y-12873093.html
Brahma Infra Standalone September 2024 Net Sales at Rs 31.22 crore, down 48.17% Y-o-Y
Reported Standalone quarterly numbers for Brahmaputra Infrastructure are:Net Sales at Rs 31.22 crore in September 2024 down 48.17% from Rs. 60.24 crore in September 2023.Quarterly Net Profit at Rs. 0.38 crore in September 2024 down 90.08% from Rs. 3.83 crore in September 2023.EBITDA stands at Rs. 4.68 crore in September 2024 down 56.34% from Rs. 10.72 crore in September 2023.Brahma Infra EPS has decreased to Rs. 0.13 in September 2024 from Rs. 1.32 in September 2023.Brahma Infra shares closed at 58.42 on November 21, 2024 (BSE) and has given -32.53% returns over the last 6 months and 12.54% over the last 12 months.Brahmaputra InfrastructureStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations31.2278.4360.24Other Operating Income------Total Income From Operations31.2278.4360.24EXPENDITUREConsumption of Raw Materials24.4724.3638.96Purchase of Traded Goods------Increase/Decrease in Stocks-5.0632.44-8.40Power & Fuel------Employees Cost1.100.910.93Depreciation0.390.400.45Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses7.028.6318.40P/L Before Other Inc. , Int., Excpt. Items & Tax3.3011.699.90Other Income0.990.950.37P/L Before Int., Excpt. Items & Tax4.2912.6410.27Interest3.703.746.15P/L Before Exceptional Items & Tax0.598.904.12Exceptional Items------P/L Before Tax0.598.904.12Tax0.211.930.29P/L After Tax from Ordinary Activities0.386.973.83Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.386.973.83Equity Share Capital29.0229.0229.02Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.132.401.32Diluted EPS0.132.401.32EPS After Extra OrdinaryBasic EPS0.132.401.32Diluted EPS0.132.401.32Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/roto-pumps-standalone-september-2024-net-sales-at-rs-70-25-crore-up-0-04-y-o-y-12873096.html
Roto Pumps Standalone September 2024 Net Sales at Rs 70.25 crore, up 0.04% Y-o-Y
Reported Standalone quarterly numbers for Roto Pumps are:Net Sales at Rs 70.25 crore in September 2024 up 0.04% from Rs. 70.22 crore in September 2023.Quarterly Net Profit at Rs. 10.77 crore in September 2024 down 11.49% from Rs. 12.17 crore in September 2023.EBITDA stands at Rs. 19.11 crore in September 2024 down 4.5% from Rs. 20.01 crore in September 2023.Roto Pumps EPS has decreased to Rs. 3.43 in September 2024 from Rs. 3.88 in September 2023.Roto Pumps shares closed at 234.55 on November 19, 2024 (NSE) and has given 2.61% returns over the last 6 months and 11.53% over the last 12 months.Roto PumpsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations70.2544.7070.22Other Operating Income------Total Income From Operations70.2544.7070.22EXPENDITUREConsumption of Raw Materials24.7719.1126.50Purchase of Traded Goods------Increase/Decrease in Stocks2.40-5.682.43Power & Fuel------Employees Cost14.4212.5413.10Depreciation3.913.682.85Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses11.348.809.16P/L Before Other Inc. , Int., Excpt. Items & Tax13.426.2516.20Other Income1.780.680.96P/L Before Int., Excpt. Items & Tax15.206.9317.16Interest0.770.690.88P/L Before Exceptional Items & Tax14.436.2416.28Exceptional Items------P/L Before Tax14.436.2416.28Tax3.661.644.11P/L After Tax from Ordinary Activities10.774.6012.17Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period10.774.6012.17Equity Share Capital6.286.286.28Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS3.431.463.88Diluted EPS3.431.463.88EPS After Extra OrdinaryBasic EPS3.431.463.88Diluted EPS3.431.463.88Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/som-distillerie-standalone-september-2024-net-sales-at-rs-157-08-crore-up-16-56-y-o-y-12873103.html
Som Distillerie Standalone September 2024 Net Sales at Rs 157.08 crore, up 16.56% Y-o-Y
Reported Standalone quarterly numbers for Som Distilleries and Breweries are:Net Sales at Rs 157.08 crore in September 2024 up 16.56% from Rs. 134.77 crore in September 2023.Quarterly Net Profit at Rs. 7.40 crore in September 2024 up 35.84% from Rs. 5.45 crore in September 2023.EBITDA stands at Rs. 14.72 crore in September 2024 up 20.36% from Rs. 12.23 crore in September 2023.Som Distillerie EPS has decreased to Rs. 0.38 in September 2024 from Rs. 0.68 in September 2023.Som Distillerie shares closed at 102.01 on November 19, 2024 (NSE) and has given -19.61% returns over the last 6 months and -14.91% over the last 12 months.Som Distilleries and BreweriesStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations157.08296.77134.77Other Operating Income------Total Income From Operations157.08296.77134.77EXPENDITUREConsumption of Raw Materials97.32176.6282.04Purchase of Traded Goods------Increase/Decrease in Stocks-0.4717.927.89Power & Fuel------Employees Cost5.224.774.36Depreciation3.163.123.11Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses40.4258.8628.50P/L Before Other Inc. , Int., Excpt. Items & Tax11.4435.488.86Other Income0.110.040.26P/L Before Int., Excpt. Items & Tax11.5635.529.12Interest1.301.442.05P/L Before Exceptional Items & Tax10.2634.087.07Exceptional Items------P/L Before Tax10.2634.087.07Tax2.8610.051.62P/L After Tax from Ordinary Activities7.4024.025.45Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period7.4024.025.45Equity Share Capital39.0039.0038.76Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.381.230.68Diluted EPS0.381.230.67EPS After Extra OrdinaryBasic EPS0.381.230.68Diluted EPS0.381.230.67Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/simbhaoli-sugar-standalone-september-2024-net-sales-at-rs-161-57-crore-down-37-44-y-o-y-12873102.html
Simbhaoli Sugar Standalone September 2024 Net Sales at Rs 161.57 crore, down 37.44% Y-o-Y
Reported Standalone quarterly numbers for Simbhaoli Sugars are:Net Sales at Rs 161.57 crore in September 2024 down 37.44% from Rs. 258.27 crore in September 2023.Quarterly Net Loss at Rs. 9.68 crore in September 2024 up 75.41% from Rs. 39.35 crore in September 2023.EBITDA stands negative at Rs. 2.54 crore in September 2024 up 90.1% from Rs. 25.65 crore in September 2023.Simbhaoli Sugar shares closed at 21.41 on November 19, 2024 (NSE) and has given -24.08% returns over the last 6 months and -27.30% over the last 12 months.Simbhaoli SugarsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations161.57278.17258.27Other Operating Income------Total Income From Operations161.57278.17258.27EXPENDITUREConsumption of Raw Materials0.851.121.13Purchase of Traded Goods15.4624.2316.18Increase/Decrease in Stocks121.92216.43231.02Power & Fuel0.534.16--Employees Cost13.3913.9114.79Depreciation7.016.936.97Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses17.3920.1025.84P/L Before Other Inc. , Int., Excpt. Items & Tax-14.98-8.72-37.66Other Income5.434.255.05P/L Before Int., Excpt. Items & Tax-9.55-4.47-32.62Interest0.136.736.73P/L Before Exceptional Items & Tax-9.68-11.20-39.35Exceptional Items------P/L Before Tax-9.68-11.20-39.35Tax------P/L After Tax from Ordinary Activities-9.68-11.20-39.35Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-9.68-11.20-39.35Equity Share Capital41.2841.2841.28Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS-2.34-2.71-9.53Diluted EPS-2.34-2.71-9.53EPS After Extra OrdinaryBasic EPS-2.34-2.71-9.53Diluted EPS-2.34-2.71-9.53Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:02
2024-11-22
10:02
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/touchwood-enter-standalone-september-2024-net-sales-at-rs-3-95-crore-up-4-5-y-o-y-12873107.html
Touchwood Enter Standalone September 2024 Net Sales at Rs 3.95 crore, up 4.5% Y-o-Y
Reported Standalone quarterly numbers for Touchwood Entertainment Ltd. are:Net Sales at Rs 3.95 crore in September 2024 up 4.5% from Rs. 3.78 crore in September 2023.Quarterly Net Profit at Rs. 0.36 crore in September 2024 down 58.39% from Rs. 0.86 crore in September 2023.EBITDA stands at Rs. 0.68 crore in September 2024 down 51.08% from Rs. 1.39 crore in September 2023.Touchwood Enter EPS has decreased to Rs. 0.32 in September 2024 from Rs. 0.78 in September 2023.Touchwood Enter shares closed at 132.68 on November 19, 2024 (NSE) and has given -14.04% returns over the last 6 months and -26.74% over the last 12 months.Touchwood Entertainment Ltd.Standalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations3.953.863.78Other Operating Income------Total Income From Operations3.953.863.78EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods0.63----Increase/Decrease in Stocks------Power & Fuel------Employees Cost0.820.770.69Depreciation0.170.160.11Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses1.822.541.90P/L Before Other Inc. , Int., Excpt. Items & Tax0.510.381.07Other Income0.000.100.21P/L Before Int., Excpt. Items & Tax0.510.491.28Interest0.040.040.01P/L Before Exceptional Items & Tax0.480.451.27Exceptional Items----0.00P/L Before Tax0.480.451.27Tax0.120.110.41P/L After Tax from Ordinary Activities0.360.340.86Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.360.340.86Equity Share Capital11.0811.0811.08Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.320.200.78Diluted EPS0.320.200.81EPS After Extra OrdinaryBasic EPS0.320.200.78Diluted EPS0.320.200.81Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:01
2024-11-22
10:01
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/diligent-media-standalone-september-2024-net-sales-at-rs-2-85-crore-up-20-78-y-o-y-12873106.html
Diligent Media Standalone September 2024 Net Sales at Rs 2.85 crore, up 20.78% Y-o-Y
Reported Standalone quarterly numbers for Diligent Media Corporation Ltd. are:Net Sales at Rs 2.85 crore in September 2024 up 20.78% from Rs. 2.36 crore in September 2023.Quarterly Net Profit at Rs. 4.64 crore in September 2024 up 30.05% from Rs. 3.57 crore in September 2023.EBITDA stands at Rs. 4.68 crore in September 2024 down 2.5% from Rs. 4.80 crore in September 2023.Diligent Media EPS has increased to Rs. 0.39 in September 2024 from Rs. 0.30 in September 2023.Diligent Media shares closed at 5.06 on November 19, 2024 (NSE) and has given 6.53% returns over the last 6 months and 16.32% over the last 12 months.Diligent Media Corporation Ltd.Standalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations2.852.962.36Other Operating Income------Total Income From Operations2.852.962.36EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost1.251.201.30Depreciation0.030.030.03Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.562.160.76P/L Before Other Inc. , Int., Excpt. Items & Tax1.01-0.430.27Other Income3.643.644.50P/L Before Int., Excpt. Items & Tax4.653.214.77Interest0.000.770.00P/L Before Exceptional Items & Tax4.652.444.77Exceptional Items------P/L Before Tax4.652.444.77Tax0.01-0.011.20P/L After Tax from Ordinary Activities4.642.453.57Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period4.642.453.57Equity Share Capital11.7711.7711.77Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.390.210.30Diluted EPS0.390.210.30EPS After Extra OrdinaryBasic EPS0.390.210.30Diluted EPS0.390.210.30Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:01
2024-11-22
10:01
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/bodhi-tree-mult-standalone-september-2024-net-sales-at-rs-12-10-crore-up-65-19-y-o-y-12873108.html
Bodhi Tree Mult Standalone September 2024 Net Sales at Rs 12.10 crore, up 65.19% Y-o-Y
Reported Standalone quarterly numbers for Bodhi Tree Multimedia are:Net Sales at Rs 12.10 crore in September 2024 up 65.19% from Rs. 7.33 crore in September 2023.Quarterly Net Profit at Rs. 1.23 crore in September 2024 up 164.41% from Rs. 0.47 crore in September 2023.EBITDA stands at Rs. 2.01 crore in September 2024 up 113.83% from Rs. 0.94 crore in September 2023.Bodhi Tree Mult EPS has decreased to Rs. 0.10 in September 2024 from Rs. 0.37 in September 2023.Bodhi Tree Mult shares closed at 11.10 on November 19, 2024 (NSE)Bodhi Tree MultimediaStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations12.1015.307.33Other Operating Income------Total Income From Operations12.1015.307.33EXPENDITUREConsumption of Raw Materials14.5715.09--Purchase of Traded Goods------Increase/Decrease in Stocks-5.01-0.45--Power & Fuel------Employees Cost0.290.280.28Depreciation0.080.080.05Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.390.416.11P/L Before Other Inc. , Int., Excpt. Items & Tax1.79-0.110.89Other Income0.14--0.01P/L Before Int., Excpt. Items & Tax1.93-0.110.89Interest0.320.230.09P/L Before Exceptional Items & Tax1.62-0.340.80Exceptional Items------P/L Before Tax1.62-0.340.80Tax0.380.000.33P/L After Tax from Ordinary Activities1.23-0.340.47Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period1.23-0.340.47Equity Share Capital12.5012.5012.50Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.10-0.280.37Diluted EPS0.10-0.280.37EPS After Extra OrdinaryBasic EPS0.10-0.280.37Diluted EPS0.10-0.280.37Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:01
2024-11-22
10:01
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/paul-merchants-standalone-september-2024-net-sales-at-rs-985-41-crore-down-45-23-y-o-y-12873113.html
Paul Merchants Standalone September 2024 Net Sales at Rs 985.41 crore, down 45.23% Y-o-Y
Reported Standalone quarterly numbers for Paul Merchants are:Net Sales at Rs 985.41 crore in September 2024 down 45.23% from Rs. 1,799.03 crore in September 2023.Quarterly Net Profit at Rs. 2.72 crore in September 2024 down 64.06% from Rs. 7.56 crore in September 2023.EBITDA stands at Rs. 4.75 crore in September 2024 down 57.05% from Rs. 11.06 crore in September 2023.Paul Merchants EPS has decreased to Rs. 8.81 in September 2024 from Rs. 73.58 in September 2023.Paul Merchants shares closed at 933.00 on November 21, 2024 (BSE) and has given 5.81% returns over the last 6 months and 0.31% over the last 12 months.Paul MerchantsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations985.411,015.831,799.03Other Operating Income------Total Income From Operations985.411,015.831,799.03EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods964.36993.601,761.26Increase/Decrease in Stocks-0.96-2.43-1.70Power & Fuel------Employees Cost6.386.235.68Depreciation0.780.730.67Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses15.8918.6830.08P/L Before Other Inc. , Int., Excpt. Items & Tax-1.03-0.993.04Other Income5.004.727.35P/L Before Int., Excpt. Items & Tax3.973.7310.39Interest0.300.370.45P/L Before Exceptional Items & Tax3.673.369.94Exceptional Items------P/L Before Tax3.673.369.94Tax0.950.852.37P/L After Tax from Ordinary Activities2.722.507.56Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period2.722.507.56Equity Share Capital3.083.081.03Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS8.818.1273.58Diluted EPS8.818.1273.58EPS After Extra OrdinaryBasic EPS8.818.1273.58Diluted EPS8.818.1273.58Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/easy-trip-standalone-september-2024-net-sales-at-rs-103-30-crore-down-14-06-y-o-y-12873112.html
Easy Trip Standalone September 2024 Net Sales at Rs 103.30 crore, down 14.06% Y-o-Y
Reported Standalone quarterly numbers for Easy Trip Planners are:Net Sales at Rs 103.30 crore in September 2024 down 14.06% from Rs. 120.20 crore in September 2023.Quarterly Net Profit at Rs. 27.80 crore in September 2024 down 45.99% from Rs. 51.46 crore in September 2023.EBITDA stands at Rs. 38.70 crore in September 2024 down 45.47% from Rs. 70.97 crore in September 2023.Easy Trip EPS has decreased to Rs. 0.18 in September 2024 from Rs. 0.30 in September 2023.Easy Trip shares closed at 29.52 on November 19, 2024 (NSE)Easy Trip PlannersStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations103.30105.90120.20Other Operating Income------Total Income From Operations103.30105.90120.20EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost16.0115.4513.85Depreciation0.380.340.38Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses54.4747.3638.67P/L Before Other Inc. , Int., Excpt. Items & Tax32.4342.7567.31Other Income5.883.743.28P/L Before Int., Excpt. Items & Tax38.3246.4970.59Interest0.550.391.32P/L Before Exceptional Items & Tax37.7746.0969.26Exceptional Items------P/L Before Tax37.7746.0969.26Tax9.9711.8017.80P/L After Tax from Ordinary Activities27.8034.2951.46Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period27.8034.2951.46Equity Share Capital177.20177.20177.20Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.180.190.30Diluted EPS0.180.190.30EPS After Extra OrdinaryBasic EPS0.180.190.30Diluted EPS0.180.190.30Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/commercial-syn-standalone-september-2024-net-sales-at-rs-85-63-crore-up-27-57-y-o-y-12873115.html
Commercial Syn Standalone September 2024 Net Sales at Rs 85.63 crore, up 27.57% Y-o-Y
Reported Standalone quarterly numbers for Commercial Syn Bags are:Net Sales at Rs 85.63 crore in September 2024 up 27.57% from Rs. 67.12 crore in September 2023.Quarterly Net Profit at Rs. 2.40 crore in September 2024 up 34.57% from Rs. 1.78 crore in September 2023.EBITDA stands at Rs. 6.80 crore in September 2024 up 0.44% from Rs. 6.77 crore in September 2023.Commercial Syn EPS has increased to Rs. 0.60 in September 2024 from Rs. 0.45 in September 2023.Commercial Syn shares closed at 72.69 on November 19, 2024 (NSE) and has given 4.67% returns over the last 6 months and -14.18% over the last 12 months.Commercial Syn BagsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations85.6375.1267.12Other Operating Income------Total Income From Operations85.6375.1267.12EXPENDITUREConsumption of Raw Materials47.4346.7442.18Purchase of Traded Goods3.712.841.87Increase/Decrease in Stocks-6.46-8.89-8.79Power & Fuel------Employees Cost13.7213.1712.26Depreciation2.362.682.38Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses20.7215.5913.40P/L Before Other Inc. , Int., Excpt. Items & Tax4.152.983.83Other Income0.280.510.55P/L Before Int., Excpt. Items & Tax4.443.494.39Interest1.922.141.86P/L Before Exceptional Items & Tax2.521.352.52Exceptional Items------P/L Before Tax2.521.352.52Tax0.120.340.74P/L After Tax from Ordinary Activities2.401.001.78Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period2.401.001.78Equity Share Capital39.9539.9539.95Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.600.250.45Diluted EPS0.600.250.45EPS After Extra OrdinaryBasic EPS0.600.250.45Diluted EPS0.600.250.45Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/growington-vent-standalone-september-2024-net-sales-at-rs-5-47-crore-down-32-96-y-o-y-12873111.html
Growington Vent Standalone September 2024 Net Sales at Rs 5.47 crore, down 32.96% Y-o-Y
Reported Standalone quarterly numbers for Growington Ventures India are:Net Sales at Rs 5.47 crore in September 2024 down 32.96% from Rs. 8.17 crore in September 2023.Quarterly Net Profit at Rs. 0.74 crore in September 2024 down 39.06% from Rs. 1.21 crore in September 2023.EBITDA stands at Rs. 1.25 crore in September 2024 down 24.24% from Rs. 1.65 crore in September 2023.Growington Vent EPS has decreased to Rs. 0.05 in September 2024 from Rs. 0.76 in September 2023.Growington Vent shares closed at 4.02 on November 21, 2024 (BSE) and has given -34.63% returns over the last 6 months and -80.92% over the last 12 months.Growington Ventures IndiaStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations5.476.438.17Other Operating Income------Total Income From Operations5.476.438.17EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods2.725.566.63Increase/Decrease in Stocks1.19-0.75-0.36Power & Fuel------Employees Cost0.090.110.07Depreciation0.060.060.01Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.410.400.38P/L Before Other Inc. , Int., Excpt. Items & Tax1.001.051.43Other Income0.180.180.21P/L Before Int., Excpt. Items & Tax1.191.241.64Interest0.130.12--P/L Before Exceptional Items & Tax1.051.121.64Exceptional Items------P/L Before Tax1.051.121.64Tax0.310.290.42P/L After Tax from Ordinary Activities0.740.831.21Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.740.831.21Equity Share Capital16.0616.0616.06Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.050.050.76Diluted EPS0.050.050.76EPS After Extra OrdinaryBasic EPS0.050.050.76Diluted EPS0.050.050.76Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/anupam-rasayan-standalone-september-2024-net-sales-at-rs-190-67-crore-down-39-87-y-o-y-12873114.html
Anupam Rasayan Standalone September 2024 Net Sales at Rs 190.67 crore, down 39.87% Y-o-Y
Reported Standalone quarterly numbers for Anupam Rasayan India are:Net Sales at Rs 190.67 crore in September 2024 down 39.87% from Rs. 317.07 crore in September 2023.Quarterly Net Profit at Rs. 14.03 crore in September 2024 down 63.78% from Rs. 38.75 crore in September 2023.EBITDA stands at Rs. 55.98 crore in September 2024 down 40.89% from Rs. 94.70 crore in September 2023.Anupam Rasayan EPS has decreased to Rs. 1.28 in September 2024 from Rs. 3.60 in September 2023.Anupam Rasayan shares closed at 725.30 on November 19, 2024 (NSE) and has given -7.62% returns over the last 6 months and -22.49% over the last 12 months.Anupam Rasayan IndiaStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations190.67163.95317.07Other Operating Income------Total Income From Operations190.67163.95317.07EXPENDITUREConsumption of Raw Materials151.29132.74148.79Purchase of Traded Goods------Increase/Decrease in Stocks-91.53-80.86-25.07Power & Fuel------Employees Cost12.2611.6113.49Depreciation19.7818.6317.94Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses66.5363.5888.69P/L Before Other Inc. , Int., Excpt. Items & Tax32.3518.2573.23Other Income3.855.583.53P/L Before Int., Excpt. Items & Tax36.2023.8376.76Interest25.3521.8320.19P/L Before Exceptional Items & Tax10.852.0056.58Exceptional Items------P/L Before Tax10.852.0056.58Tax-3.180.5917.83P/L After Tax from Ordinary Activities14.031.4238.75Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period14.031.4238.75Equity Share Capital109.83109.84107.61Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS1.280.133.60Diluted EPS1.280.133.59EPS After Extra OrdinaryBasic EPS1.280.133.60Diluted EPS1.280.133.59Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/india-tourism-d-standalone-september-2024-net-sales-at-rs-152-36-crore-up-17-43-y-o-y-12873110.html
India Tourism D Standalone September 2024 Net Sales at Rs 152.36 crore, up 17.43% Y-o-Y
Reported Standalone quarterly numbers for India Tourism Development Corporation are:Net Sales at Rs 152.36 crore in September 2024 up 17.43% from Rs. 129.74 crore in September 2023.Quarterly Net Profit at Rs. 24.43 crore in September 2024 up 24.71% from Rs. 19.59 crore in September 2023.EBITDA stands at Rs. 26.66 crore in September 2024 down 3.2% from Rs. 27.54 crore in September 2023.India Tourism D EPS has increased to Rs. 2.85 in September 2024 from Rs. 2.28 in September 2023.India Tourism D shares closed at 560.20 on November 19, 2024 (NSE) and has given -19.05% returns over the last 6 months and 34.07% over the last 12 months.India Tourism Development CorporationStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations152.3683.65129.74Other Operating Income------Total Income From Operations152.3683.65129.74EXPENDITUREConsumption of Raw Materials63.3616.8342.46Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost24.6821.4124.76Depreciation1.551.531.73Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses44.1237.6138.45P/L Before Other Inc. , Int., Excpt. Items & Tax18.646.2722.34Other Income6.473.973.47P/L Before Int., Excpt. Items & Tax25.1110.2425.81Interest0.140.120.22P/L Before Exceptional Items & Tax24.9710.1225.60Exceptional Items------P/L Before Tax24.9710.1225.60Tax0.35-2.105.87P/L After Tax from Ordinary Activities24.6212.2219.73Prior Year Adjustments------Extra Ordinary Items-0.19-0.06-0.14Net Profit/(Loss) For the Period24.4312.1619.59Equity Share Capital85.7785.7785.77Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS2.851.432.28Diluted EPS2.851.432.28EPS After Extra OrdinaryBasic EPS2.851.432.28Diluted EPS2.851.432.28Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/earnings/phantom-digital-standalone-september-2024-net-sales-at-rs-8-73-crore-down-49-88-y-o-y-12873109.html
Phantom Digital Standalone September 2024 Net Sales at Rs 8.73 crore, down 49.88% Y-o-Y
Reported Standalone quarterly numbers for Phantom Digital Effects are:Net Sales at Rs 8.73 crore in September 2024 down 49.88% from Rs. 17.42 crore in September 2023.Quarterly Net Profit at Rs. 2.17 crore in September 2024 down 50.08% from Rs. 4.35 crore in September 2023.EBITDA stands at Rs. 5.47 crore in September 2024 down 18.72% from Rs. 6.73 crore in September 2023.Phantom Digital EPS has decreased to Rs. 1.60 in September 2024 from Rs. 3.73 in September 2023.Phantom Digital shares closed at 250.45 on November 19, 2024 (NSE) and has given -42.71% returns over the last 6 months and -37.68% over the last 12 months.Phantom Digital EffectsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations8.7326.1217.42Other Operating Income------Total Income From Operations8.7326.1217.42EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks-14.101.49-9.08Power & Fuel------Employees Cost9.489.2413.14Depreciation1.671.620.86Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses8.325.086.69P/L Before Other Inc. , Int., Excpt. Items & Tax3.368.705.80Other Income0.440.670.07P/L Before Int., Excpt. Items & Tax3.809.365.87Interest0.920.830.33P/L Before Exceptional Items & Tax2.878.545.54Exceptional Items------P/L Before Tax2.878.545.54Tax0.702.321.20P/L After Tax from Ordinary Activities2.176.214.35Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period2.176.214.35Equity Share Capital13.5813.5811.64Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS1.604.583.73Diluted EPS--4.58--EPS After Extra OrdinaryBasic EPS1.604.583.73Diluted EPS--4.58--Public Share HoldingNo Of Shares (Crores)------Share Holding (%)------Promoters and Promoter Group Shareholdinga) Pledged/Encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------b) Non-encumbered- Number of shares (Crores)------- Per. of shares (as a % of the total sh. of prom. and promoter group)------- Per. of shares (as a % of the total Share Cap. of the company)------Source :Dion Global Solutions Limited
2024-11-22 10:00
2024-11-22
10:00
moneycontrol.com
https://www.moneycontrol.com/news/business/ipo/zinka-logistics-shares-list-flat-at-3pc-premium-over-ipo-price-on-nse-12873063.html
Zinka Logistics shares list at 3% premium over IPO price on NSE
BlackBuck shares list on the exchanges on November 22..Related stories.
Zinka Logistics shares made a modest stock market debut on the National Stock Exchange (NSE) at a premium of about 3 percent on November 22. BlackBuck shares were listed at Rs 280.90 per share on the NSE, a premium of 2.89 percent. Shares of the company were listed at Rs 279.05 apiece on the BSE, a premium of 2.2 percent. The stock made its market debut at a price slightly above the expectations indicated by the grey market, which had anticipated a near-flat listing. The initial share sale ofZinka Logistics, a leading digital platform for truck operators, received a decent subscription of 1.87 times. Sagar Shetty, Research Analyst at StoxBox however believes that given the company’s strong market presence and industry tailwinds, it provides a good medium- to long-term opportunity for the investors. "The muted opening could also be attributed to the company’s high valuation concern," he added. BlackBuck IPO allottees may see tepid listing gains on Nov 22; analysts advise 'hold for long term' On the economic front, the trucking industry is highly fragmented, with approximately 12.5 million trucks and 3.5 million truck operators in Fiscal 2024 traversing Indian roads; the total freight value through trucks has witnessed a steady growth rate of 8 to 9 percent CAGR over the past four years. Zinka Logistics, through its Blackbuck platform has established itself as India’s largest digital platform for truck operators, facilitating 413.34 million transactions and capturing 27.52 percent of the truck operator market as of FY24. It addresses core needs of truck operators such as tolling, fueling, fleet tracking, and load matching.
2024-11-22 09:59
2024-11-22
09:59
moneycontrol.com
https://www.moneycontrol.com/news/business/stocks/subscribe-for-enviro-infra-engineers-ltd-ipo-geojit-financial-services-12873077.html
Subscribe for Enviro Infra Engineers Ltd IPO; Geojit Financial Services
IPO.Related stories.
Geojit Financial Services, Enviro Infra Engineers Ltd Enviro Infra Engineers Ltd (EIEL) designs, constructs, operates, and maintains Water and Wastewater Treatment Plants (WWTPs) and Water Supply Scheme Projects (WSSPs) for government bodies in India. Established in 2009 and headquartered in Delhi , the company has developed 28 WWTPs and WSSPs, focusing on projects with capacities of 10 MLD (Million Liters per Day) or more across various states of India. EIEL bids for state & local government projects and forms joint ventures to enhance its technical and financial capabilities. Enviro Infra undertakes projects based on Engineering, Procurement and Construction (EPC) or Hybrid Annuity Model (HAM) contracts Valuation and Outlook At the upper price band of ₹148, EIEL is available at a P/E of 23.9x (FY24), which appears to be fairly priced compared to listed peers. The ambitious initiatives of the Indian government, such as the Jal Jeevan Mission-Har Ghar Jal, AMRUT, the NAMAMI Gange Programme, and SWAJAL, present significant opportunities for the company's future growth. With a robust order pipeline and consistent financial performance featuring industry-leading margins, the company is well-positioned for future success. We recommend“subscribe”rating for the issue for medium- to long-term investment. For all IPO report,click here Enviro Infra Engineers -221124 - geo
2024-11-22 09:52
2024-11-22
09:52
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/short-call-adani-bribery-case-sparks-fresh-jitters-is-the-broader-market-pain-finally-over-indian-hotels-paytm-in-focus-12873075.html
Short Call: Adani bribery case sparks fresh jitters: Is the broader market pain finally over? Indian Hotels, Paytm in focus
Representative image.Related stories.
Just as investors began to think the recent market correction had run its course, a New York court tossed another wrench into the works. And at the center of the storm? Once again, Gautam Adani. In a dramatic twist, the US court charged Adani, his nephew, and six others in a $250-million bribery case allegedly tied to securing energy projects in India, promising profits of $2 billion over 20 years. The Adani Group was quick to dismiss the allegations as “baseless,” but that didn’t stop the market rout. Adani stocks saw a brutal sell-off, erasing Rs 2.3 lakh crore in market cap—sending shockwaves through an already fragile market. This isn’t the first time Adani stocks have faced turbulence—remember the Hindenburg debacle? While the group has managed to recover from earlier storms, investors are now watching closely to see if this latest episode will be yet another turning point—or just more pain. While some market experts that Moneycontrol spoke to believe that this has added to investor anxiety, international brokerage Berstein was quick to allay fears suggesting that this is knee jerk reaction and markets will very soon brush this off. Meanwhile, mid-and small-cap stocks haven’t had it easy either. Stretched valuations and disappointing Q2 results have sparked sharp sell-offs, with underperforming stocks bearing the brunt. However, in the post-pandemic investment era, where market corrections are almost dismissed as improbable, many investors are already optimistic, believing the worst might be over. Several participants believe that broader markets are “deeply oversold” and that earnings are “not as grim” as they seemed, suggesting a rebound could be on the horizon. Maybe, maybe not. But what is clear is that the recent fall wasn’t caused by a single factor—it was a series of negative headlines that spooked investors, but the most fundamental among them being an unexpected deceleration in earnings growth. Going forward, the pace of earnings recovery will determine the market’s direction. Until then, markets will continue to fluctuate, driven by various short-term factors that ultimately hold little significance in the long term. One97 Communications (Rs 866, 3.7%) International brokerage Bernstein hiked its target price to Rs 1,000 per share. Bull Case: Bernstein said that in its bull case situation, Paytm could partly lend from its own coffers and payment margins would swell. Further, the EPS estimate is a 100% higher in its bull case scenario as compared to its base case. Bear Case: The brokerage said that lower payment margins could impact the fintech firm, and the EPS estimate would be lower by 40 percent in its bear case scenario. Further regulatory actions remain a key area to watch. Indian Hotels Company (Rs 785, 4.2%) Shares gained after Jefferies hiked target price to Rs 900. Bull Case: Company aims to expand its brand portfolio, achieve industry-leading margins, and double consolidated revenue with a return on capital employed (ROCE) of more than 20 percent. Plans to grow its hotel portfolio to over 700 properties. Emkay Global said that the company's diversified revenue streams, operational efficiency, and robust balance sheet justify a premium multiple. Bear Case: TajSATS's consolidation could impact margins due to its lower margin profile. The stock has already rallied over 80 percent year-to-date. (With inputs from Neeshita and Zoya)
2024-11-22 09:50
2024-11-22
09:50
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/s-flags-funding-cash-flow-risks-after-bribery-charges-12873053.html
S&P cuts outlook on Adani Ports, other group firms to negative; flags funding, cash flow risks after bribery charges
S&P said the US indictment could impair funding access and increase borrowing costs across the Adani Group..Related stories.
S&P Global Ratings has cut its outlook on three Adani Group entities -- Adani Ports and SEZ Ltd, Adani Green Energy Ltd (AGEL RG2) and Adani Electricity Mumbai Ltd, Adani Ports and Special Economic Zone Ltd -- to negative, in a rating action on five Adani Group entities. The rating firm cited potential risks to Adani Group’s cash flows, access to funding, funding costs and governance, following bribery charges filed in the US against founder Gautam Adani. The rating outlook changes come in the wake of US prosecutors indicting Gautam Adani and two other board representatives for their alleged involvement in a $250 million bribery scheme related to solar power contracts in India. S&P affirmed its 'BBB-' rating on Adani Electricity and Adani Ports, as well as its 'BB+' issue rating on AGEL RG2. However, it highlighted potential risks to the Adani Group’s cash flows, governance practices, and access to funding if the allegations are proven or if investor confidence in the group deteriorates. Also read |Adani stocks extend fall today after steep losses amid US bribery allegations against Gautam Adani The ratings agency noted that the indictment could impair funding access and increase borrowing costs across the Adani Group, given that the founder holds board positions in multiple group entities. S&P warned of the possibility that domestic and international banks, as well as bond market investors, could impose group-level exposure limits, affecting the funding of rated entities. Although the rated entities have no immediate major debt maturities, S&P flagged Adani group’s reliance on regular equity and debt market access for growth and refinancing needs as a vulnerability. S&P also pointed out that the allegations come on top of scrutiny the Adani group has faced since the Hindenburg Research report earlier this year, which led to investigations by the Indian Supreme Court and the capital markets regulator. "The allegations could renew questions over the group’s governance practices and damage its reputation," S&P said, adding that it would monitor for any signs of weakened funding access or concerns from lenders, including reduced funding limits, nonrenewal of facilities, or higher credit spreads. Adani Green Energy’s AGEL RG2, though ring fenced from the parent, was included in the outlook revision because it remains linked to the allegations against the broader group. S&P stated that its negative outlook reflects the potential for materially weakened cash flows due to higher funding costs, governance risks, and reputational damage. The group’s ability to execute its large growth plans, in addition to regular refinancing, hinges on retaining investor confidence and access to capital. If the allegations of illegal activities or misleading statements are proven, S&P said it could further downgrade its assessment of the group’s governance, citing its concentrated ownership structure involving promoters, family entities, and trusts. “If allegations of illegal activities prove true, we could reassess Adani Group’s governance more negatively," it said. The Adani Group has already faced significant fallout, with its listed entities losing Rs 2.2 lakh crore in market value on November 21. Shares of Adani Enterprises extended losses on November 22, after falling 23 percent the previous day; Adani Green Energy and Adani Energy Solutions too, fell further after dropping 20 percent, each. International bonds issued by Adani entities have also seen record declines.
2024-11-22 09:48
2024-11-22
09:48
moneycontrol.com
https://www.moneycontrol.com/news/business/markets/nifty-sensex-recover-as-psu-bank-realty-stocks-boost-sentiment-positive-global-cues-lend-support-12873019.html
Nifty, Sensex recover as PSU bank, realty stocks boost sentiment; Positive global cues lend support
Foreign institutional investors (FIIs) extended their aggressive selling streak, offloading over Rs 5,000 crore in the cash market.Related stories.
Benchmark indices Nifty and Sensex edged higher on November 22, rebounding slightly from the sharp selloff in the previous session driven by Adani Group stocks. Gains in select public sector banks and IT stocks lent support to the recovery. Global cues also instilled positivity as Asian equities rose, mirroring gains on Wall Street, with investors shrugging off initial concerns over Nvidia's revenue outlook. At about 9:30 am, the Sensex was up 599.21 points or 0.78 percent at 77,755.00, and the Nifty was up 190.10 points or 0.81 percent at 23,540.00. About 2088 shares advanced, 674 shares declined, and 114 shares unchanged. Follow our LIVE blog for all the latest market updates. "We are gradually starting to see slight valuation comfort penetrating the system," Aishvarya Dadheech, Founder and CIO of Fident Asset Management, said in a conversation with Moneycontrol. "While negative concerns such as geopolitical tensions between Russia and Ukraine and rampant foreign institutional investor selling could lead to a further fall in the market, it seems we are close to the bottom and can see marginal recovery soon," he added. Dadheech also noted that the Maharashtra elections would be a crucial market trigger, with a BJP-led coalition win likely to add positivity in the coming weeks. Also read:Investors eye Adani stocks for recovery after steep fall amid US bribery allegations against Gautam Adani Foreign institutional investors (FIIs) extended their aggressive selling streak, offloading over Rs 5,000 crore in the cash market yesterday, pushing their total outflow to nearly Rs 40,000 crore in November. While market experts anticipate the selling to persist, they expect the intensity to ease as the year-end holiday season approaches and investors book profits. Adani stocks remained in focus as they extended their fall with losses of up to 6 percent in early trade. US prosecutors have accused Adani executives of bribing Indian officials to secure solar contracts while raising $1.36 billion from US investors, allegedly violating federal laws. Following this, the Kenyan government ordered the cancellation of the procurement process to expand the country's main airport, for which the state was considering a proposal by the Adani Group. Read more:Looking to invest in small-cap funds? Here’s what you need to bear in mind In the broader market, mid-cap and small-cap indices opened the session on a positive note, gaining 0.7 percent each. However, V K Vijayakumar of Geojit Financial Services urged caution, warning that many companies in this space are trading at "bubble valuations." India VIX, the barometer to assess market anxiety cooled off 3 percent to fall below the 16 levels. On the sectoral front, all 13 indices traded higher. The PSU Bank index was the top gainer on the bourses with gains of over a percent, recovering from yesterday's losses. Heavyweights like SBI, Bank of Baroda, PNB, and Canara Bank lifted the index higher. Private banks also performed well in the opening trade as stocks such as ICICI Bank, HDFC Bank, and IndusInd Bank.  Nifty Realty also rose for a third consecutive session, taking the total returns to 27 percent since the start of the year, comfortably outpacing Nifty's gain of about 9 percent during the same duration. "Markets are likely to react to the preliminary release of November's manufacturing and services PMI data for the US, Europe, and India scheduled later today," said Siddhartha Khemka of Motilal Oswal. "In the near term, we expect the market to remain volatile due to global geopolitical concerns, relentless FII selling, and uncertainty around the outcome of state assembly elections in Maharashtra and Jharkhand," he added. Among individual stocks, Afcons Infrastructure was buzzing in trade, rising over 3 percent after receiving a letter of acceptance from the Uttarakhand Project Development and Construction Corp. for civil works worth Rs 1,274 crore. IT major Mphasis also surged by 3 percent after being named the ‘Official Digital Partner’ of the MoneyGram Haas F1 Team. The company announced a multi-year, technology-driven partnership aimed at developing solutions to enhance the team's on-track performance and drive operational efficiency off the track. "After a positive opening, Nifty can find support at 23,300 followed by 23,200 and 23,000. On the higher side, 23,500 can be an immediate resistance, followed by 23,650 and 23,800," Hardik Matalia, Derivative Analyst at Choice Broking, said. "The charts of Bank Nifty indicate that it may get support at 50,200 followed by 50,000 and 49,900. If the index advances further, 50,600 would be the initial key resistance, followed by 50,800 and 51,100," he added. SBI, HDFC Life Insurance, ICICI Bank, ONGC, and Apollo Hospital were the top gainers on the Nifty. Laggards included Adani Enterprises, Adani Ports, and Axis Bank.
2024-11-22 09:42
2024-11-22
09:42
moneycontrol.com
https://www.moneycontrol.com/news/india/justin-trudeau-govt-rejects-media-report-naming-pm-modi-jaishankar-and-doval-india-reacts-12873062.html
'Such ludicrous statements': India on Canadian media report naming PM Modi, Jaishankar and Doval
The report had cited an unnamed security official claiming that 'Canadian security agencies believe that PM Modi 'knew about Nijjar’s killing'.Related stories.
The Canadian government has clarified a recent controversial report that sought to establish a link between Prime Minister Narendra Modi and the killing of Khalistani terrorist Hardeep Singh Nijjar, terming the media report as “speculative and inaccurate”. “On October 14th, because of a significant and ongoing threat to public safety, the RCMP and officials took the extraordinary step of making public accusations of serious criminal activity in Canada perpetrated by agents of the Government of India,” the government said. “The Government of Canada has not stated, nor is it aware of evidence, linking Prime Minister Modi, Minister Jaishankar, or NSA Doval to the serious criminal activity within Canada. Any suggestion to the contrary is both speculative and inaccurate,” it added while reacting to the media report. What did the media report say? This comes after The Globe and Mail, a reputed newspaper in Canada published an article linking PM Modi and NSA Doval into the controversy around the killing of Khalistani terrorist Hardeep Singh Nijjar in June last year. The report had cited an unnamed security official claiming that “Canadian security agencies believe that PM Modi “knew about Nijjar’s killing”. Notably, Nijjar’s killing has led to a diplomatic row between the two countries with Trudeau himself alleging that the Indian officials were involved in the incident while New Delhi has rejected the claims. India’s response India rejected The Globe and Mail report and termed it a “smear campaign”.Our response to queries regarding a report in Canadian media:https://t.co/1IAURpKlfTpic.twitter.com/jIPlg05JM6Randhir Jaiswal (@MEAIndia)November 20, 2024 “Such ludicrous statements made to a newspaper purportedly by a Canadian government source should be dismissed with the contempt they deserve. Smear campaigns like this only further damage our already strained ties,” MEA spokesperson Randhir Jaiswal had said. (With inputs from PTI)
2024-11-22 09:41
2024-11-22
09:41
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