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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/dalmia-industri-standalone-september-2024-net-sales-at-rs-0-11-crore-down-49-95-y-o-y-12873420.html | Dalmia Industri Standalone September 2024 Net Sales at Rs 0.11 crore, down 49.95% Y-o-Y | Reported Standalone quarterly numbers for Dalmia Industrial Development are: Net Sales at Rs 0.11 crore in September 2024 down 49.95% from Rs. 0.22 crore in September 2023. Quarterly Net Loss at Rs. 0.20 crore in September 2024 down 125.66% from Rs. 0.09 crore in September 2023. EBITDA stands negative at Rs. 0.20 crore in September 2024 down 122.22% from Rs. 0.09 crore in September 2023. Dalmia Industri shares closed at 10.55 on March 08, 2021 (BSE) | 2024-11-22 14:35 | 2024-11-22 | 14:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/shubham-polyspi-standalone-september-2024-net-sales-at-rs-14-24-crore-up-0-29-y-o-y-12873424.html | Shubham Polyspi Standalone September 2024 Net Sales at Rs 14.24 crore, up 0.29% Y-o-Y | Reported Standalone quarterly numbers for Shubham Polyspin are: Net Sales at Rs 14.24 crore in September 2024 up 0.29% from Rs. 14.19 crore in September 2023. Quarterly Net Profit at Rs. 0.12 crore in September 2024 down 56.29% from Rs. 0.28 crore in September 2023. EBITDA stands at Rs. 0.67 crore in September 2024 down 27.17% from Rs. 0.92 crore in September 2023. Shubham Polyspi EPS has decreased to Rs. 0.10 in September 2024 from Rs. 0.23 in September 2023. Shubham Polyspi shares closed at 23.44 on November 21, 2024 (BSE) and has given 16.44% returns over the last 6 months and 34.33% over the last 12 months. | 2024-11-22 14:34 | 2024-11-22 | 14:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/stocks/reduce-britannia-industries-target-of-rs-5200-emkay-global-financial-12873278.html | Reduce Britannia Industries; target of Rs 5200: Emkay Global Financial | Reduce.Related stories. | Emkay Global Financial's research report onBritannia Industries Britannia's near-term outlook has turned weak, given the double whammy of demand slowdown and inflationary pressures. The inflationary setting ahead is likely to have a bearing on volume and margin delivery. The company is looking at 4-5% price hikes to address the inflationary stress, but as the strategic cover ends, we sense inflationary stress persisting in the business. We cut earnings by 9-13% ahead, to factor in the near-term demand pressure/margin headwind. Q2 results were weaker than expected, with consolidated topline growth at 4.5% (8% volume growth; biscuits market share steady in 1HFY25), and 10% drop in earnings. Q2 OPM contracted by 290bps YoY to 16.8%, with gross margin down by 135bps YoY to 41.5%. Outlook We downgrade Britannia to REDUCE from Add, cutting Sep-25E TP to Rs5,200 from Rs6,750 earlier. For all recommendations report,click here Britannia Industries - 22112024 - emkay | 2024-11-22 14:34 | 2024-11-22 | 14:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/sarup-ind-standalone-september-2024-net-sales-at-rs-2-84-crore-up-73-95-y-o-y-12873427.html | Sarup Ind Standalone September 2024 Net Sales at Rs 2.84 crore, up 73.95% Y-o-Y | Reported Standalone quarterly numbers for Sarup Industries are: Net Sales at Rs 2.84 crore in September 2024 up 73.95% from Rs. 1.63 crore in September 2023. Quarterly Net Profit at Rs. 4.19 crore in September 2024 up 586.26% from Rs. 0.86 crore in September 2023. EBITDA stands at Rs. 0.58 crore in September 2024 up 390% from Rs. 0.20 crore in September 2023. Sarup Ind EPS has increased to Rs. 12.87 in September 2024 from Rs. 2.65 in September 2023. Sarup Ind shares closed at 50.28 on November 11, 2024 (BSE) | 2024-11-22 14:34 | 2024-11-22 | 14:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/cistro-telelink-standalone-september-2024-net-sales-at-rs-0-03-crore-down-63-3-y-o-y-12873426.html | Cistro Telelink Standalone September 2024 Net Sales at Rs 0.03 crore, down 63.3% Y-o-Y | Reported Standalone quarterly numbers for Cistro Telelink are: Net Sales at Rs 0.03 crore in September 2024 down 63.3% from Rs. 0.09 crore in September 2023. Quarterly Net Loss at Rs. 0.08 crore in September 2024 down 333.8% from Rs. 0.04 crore in September 2023. EBITDA stands negative at Rs. 0.08 crore in September 2024 down 300% from Rs. 0.04 crore in September 2023. Cistro Telelink shares closed at 0.73 on November 18, 2024 (BSE) | 2024-11-22 14:34 | 2024-11-22 | 14:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/superhouse-standalone-september-2024-net-sales-at-rs-137-86-crore-down-5-37-y-o-y-12873429.html | Superhouse Standalone September 2024 Net Sales at Rs 137.86 crore, down 5.37% Y-o-Y | Reported Standalone quarterly numbers for Superhouse are: Net Sales at Rs 137.86 crore in September 2024 down 5.37% from Rs. 145.68 crore in September 2023. Quarterly Net Profit at Rs. 2.18 crore in September 2024 up 10.7% from Rs. 1.97 crore in September 2023. EBITDA stands at Rs. 10.46 crore in September 2024 up 8.96% from Rs. 9.60 crore in September 2023. Superhouse EPS has increased to Rs. 1.98 in September 2024 from Rs. 1.79 in September 2023. Superhouse shares closed at 200.46 on November 19, 2024 (NSE) and has given -5.95% returns over the last 6 months and -11.67% over the last 12 months. | 2024-11-22 14:34 | 2024-11-22 | 14:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/lehar-footwears-standalone-september-2024-net-sales-at-rs-37-65-crore-down-32-28-y-o-y-12873425.html | Lehar Footwears Standalone September 2024 Net Sales at Rs 37.65 crore, down 32.28% Y-o-Y | Reported Standalone quarterly numbers for Lehar Footwears are: Net Sales at Rs 37.65 crore in September 2024 down 32.28% from Rs. 55.59 crore in September 2023. Quarterly Net Profit at Rs. 1.27 crore in September 2024 down 37.26% from Rs. 2.02 crore in September 2023. EBITDA stands at Rs. 4.55 crore in September 2024 down 15.27% from Rs. 5.37 crore in September 2023. Lehar Footwears EPS has decreased to Rs. 0.72 in September 2024 from Rs. 1.26 in September 2023. Lehar Footwears shares closed at 222.00 on November 21, 2024 (BSE) and has given 66.67% returns over the last 6 months and 45.76% over the last 12 months. | 2024-11-22 14:34 | 2024-11-22 | 14:34 |
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moneycontrol.com | https://www.moneycontrol.com/technology/global-ai-conclave-india-needs-to-build-frugal-llms-has-to-opt-for-heterogeneous-architecture-says-intels-santhosh-viswanathan-article-12873474.html | Global AI Conclave: India needs to build frugal LLMs, has to opt for ‘heterogeneous’ architecture, says Intel’s Santhosh Viswanathan | Related stories. | Global chip maker Intel’s India MD Santhosh Viswanathan said that India needs to build its own foundational large language models (LLMs) but frugally to leap frog into the ongoing AI revolution. His views come at a time when India’s biggest tech voices including Nandan Nilekani and Narayana Murthy have been talking about the country becoming AI use case capital of the world, leveraging the foundational models of global tech giants Google, Open AI and Microsoft instead, as they are expensive to build. Speaking at CNBC-TV18 & Moneycontrol Global AI Conclave 2024, Viswanathan said, “We definitely need Indic languages, local cultural context (in LLMs). But majority of the LLM models that are used, come from outside of India. We have work to do to get there. And we have to start to think how do I make LLMs in the most cost-effective manner and not follow the whole path of high capital investment and infrastructure.” Highlighting the cost structures and high capital required, he added that many of the leading tech companies have spent about $100 million plus to go train a frontier model. “That's the minimum amount of expenses that is required. It’s not just financial cost but also the environmental cost. One megawatt of data center requires about 69,000 liters of water. And if you take 200 megawatts (of data centre) that probably Bangalore has, that can basically go and give water to about 1.5 lakh homes in Bangalore,” he added. Viswanathan suggested that India will need to focus on a ‘heterogeneous’ architecture to develop LLMs frugally, which will involve a combination of CPUs, GPUs and LLMs and small language models (SLMs) depending on the use case required. He also added that India needs to play on its unique strengths of resources as it has 16 percent of the world’s AI talent and population scale innovation. “We have taken multi-year big bets in semiconductor manufacturing, AI Mission to create capacity that we very much need. Whether it is state or Central government, all of them have the right intention that this is the leap frog moment for India. But one of the things I really worry about is can this actually be an India moment, because we follow the path that the west lays out,” Viswanathan said. Citing an example about large data centres, he said that India produces 20% of the world’s data, and are 3 % of the world’s servers so the country is in that pursuit of building last data centres. Though the country still needs large data centres but even tripling the capacity gets us to about only 4% of where the US is today. In fact, Northern Virgnia has 2X capacity of all of India today, Viswanathan shared. CNBC-TV18 & Moneycontrol Present Global AI Conclave 2024, Co-Powered By Intel AI, Associate Partners Adobe & Reliance Industries Limited, Ecosystem Partner TiE Bangalore, and Event Technology Partner Townhall | 2024-11-22 14:30 | 2024-11-22 | 14:30 |
moneycontrol.com | https://www.moneycontrol.com/technology/global-ai-conclave-ai-infrastructure-is-key-to-next-digital-economy-says-inception-coo-ashish-ipe-koshy-article-12873237.html | Global AI Conclave: AI infrastructure is key to next digital economy, says Inception COO Ashish Ipe Koshy | Related stories. | Ashish Ipe Koshy, COO of Inception, a subsidiary of the UAE's G42 Group, highlighted the pivotal role of AI infrastructure in driving the next digital economy. Speaking at the CNBC-TV18 and Moneycontrol Global AI Conclave in Bengaluru on November 22, Koshy argued that a hybrid approach, combining both use-case driven solutions and robust AI infrastructure, is essential for long-term success. "I believe AI infrastructure is key to the next digital economy. If you don't do it now you would always be doing catch up and be dependent on another country to provide you the service," Koshy said. Inception specialises in advanced AI models and applications and it recently launched its latest large language model (LLM), JAIS 70B. Koshy also highlighted India’s unique position in the AI race. "India offers quality of engineering talent, entrepreneurial spirit, digital canvas and the ability to scale software and I believe that the country will ride the AI wave," he said. Koshy added that G42’s ongoing strategy since 2018 has been focused on establishing AI infrastructure, developing custom models, and bringing commercial AI solutions to market. "G42 is focused on partnering with companies in India and find the right use cases that can create maximum impact... We are industry-agnostic, focus is predominantly fine tuning models and building custom AI as a service for any partner," he said. Addressing the potential impact of AI on jobs, Koshy reassured that AI is not meant to replace jobs, but to augment decision-making processes. He also urged the government to play the role of an enabler in the AI development process. Koshy pointed to the UAE’s leadership in AI, where the government appointed the world’s first Minister of AI at a time when AI was still emerging as a buzzword. For the younger generation looking to enter the AI space, Koshy had a simple piece of advice: adaptability. "Being adaptable is essential in this time and universe. Don't be an expert in one field but be adaptable to pivot because technology is changing by the second," he said. CNBC-TV18 & Moneycontrol Present Global AI Conclave 2024, Co-Powered By Intel AI, Associate Partners Adobe & Reliance Industries Limited, Ecosystem Partner TiE Bangalore, and Event Technology Partner Townhall | 2024-11-22 14:28 | 2024-11-22 | 14:28 |
moneycontrol.com | https://www.moneycontrol.com/news/india/maharashtra-gas-leak-3-killed-after-leakage-at-sangli-fertiliser-plant-12873486.html | Maharashtra gas leak: 3 killed after leakage at Sangli fertiliser plant | File photo for representation. | At least three people, including two women, were killed and nine others hospitalised following a gas leak at a fertiliser plant in Maharashtra's Sangli district. According to an official, there was a blast in a reactor on Thursday evening which led to gas leak in the plant. "The incident took place around 6.30pm on Thursday at the Myanmar Chemical Company in Shalgaon MIDC of Kadegaon tehsil in the district," he said. A reactor at the fertiliser plant exploded releasing chemical fumes, police said. Sangli Superintendent of Police Sandip Ghuge said the gas is suspected to be ammonia. "Due to the gas leak, some 12 people in the unit were affected and taken to hospital. Of them, two women workers and a security guard have died. Nine others are being treated," said Sangram Shewale, senior inspector of Kadegaon police station. The two women who lost their lives have been identified as Suchita Uthale (50) of Yetgaon in Sangli district and Neelam Rethrekar (26) of Masur in Satara district, the official added. Seven of the injured persons have been admitted to Sahyadri Hospital in Karad and five of them are in the ICU, said another official. -With agency inputs | 2024-11-22 14:25 | 2024-11-22 | 14:25 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/adani-green-debt-major-near-term-worry-says-creditsights-12873480.html | Adani Green debt major near-term worry, says CreditSights | A wind turbine at the Adani Green Energy Ltd. renewable energy park in Khavda, Gujarat, India, on Sunday, May 19, 2024. With a total market capitalization of $213 billion across 10 listed units alone, the Adani Group controls vast swathes of the infrastructure that powers the nations growth and underpins the Asian expansion of companies from Apple Inc. to Amazon.com Inc. Photographer: Sumit Dayal/Bloomberg.Related stories. | Refinancing for Adani Group’s green energy business is the biggest concern in the near term after the indictment of the conglomerate’s founder Gautam Adani by US prosecutors, according to research firm CreditSights. “Funding channels will inevitably squeeze across the Adani Group, with creditors likely to reduce or limit their group-wide exposure,” the firm’s analysts Lakshmanan R, Jonathan Tan and Nicole Chua wrote in a note. The analysts said they are most concerned about Adani Green Energy Ltd. “given it has the weakest liquidity and credit fundamentals.” The analysts pointed to short-term debt of about $2 billion, largely in the form of project loans, at Adani’s green energy unit. That business decided to scrap a $600 million bond sale this week, the proceeds of which were earmarked for repaying foreign-currency loans. On Friday, most of the Adani Group’s dollar bonds extended declines after US charges this week alleging that the conglomerate’s founder helped drive a $250 million bribery scheme. The Adani Group said that the allegations are baseless. In one of the latest developments, S&P Global Ratings revised to negative the credit outlook for multiple Adani Group entities on Friday, following the US bribery charges, citing funding-access and financing-cost concerns. Still, the declines in Adani’s dollar bonds on Friday were a fraction of the previous day when the news of the US charges first jolted markets. One of Adani Green Energy’s notes, sold in March, fell by 0.9 cent on the dollar to 85 cents, after tumbling by a record 9 cents on Thursday, data compiled by Bloomberg show. The impact on Adani’s bond prices from the US investigation will likely be less severe than when the group faced allegation from short-seller Hindenburg Research in 2023, in part because of the conglomerate’s greater focus on liquidity management, said Eric Liu, a credit analyst at Nomura Holdings Inc. in Singapore. He pointed to Adani Ports & Special Economic Zone Ltd.’s notes as his top preference in the group’s debt, given that firm’s strong cash flows. For Adani’s green energy business, some banks may be unwilling to rollover upcoming debt, “posing a high degree of refinancing risk,” CreditSights analysts wrote in their report Thursday. The Indian government may, however, prod state-backed power financiers to provide funds, they added. “We are cognizant that this is a formal indictment made now by reputed US regulatory bodies” compared with the earlier allegations made by Hindenburg against the Adani Group, the analysts wrote. “The situation is much more serious now with significant negative credit implications.” | 2024-11-22 14:03 | 2024-11-22 | 14:03 |
moneycontrol.com | https://www.moneycontrol.com/news/india/india-canada-tension-no-extra-screening-for-fliers-to-india-says-toronto-12873307.html | India-Canada tension: No extra screening for fliers to India, says Toronto | Decision follows bomb threat, diplomatic fallout between India and Canada.Related stories. | Canada has reportedly rolled back its standard operating procedures for extra screening of passengers flying to India, according to a report by Canadian Broadcaster CBC. Federal Transport Minister Anita Anand told the broadcaster that the extra screening measures have been lifted. Earlier on November 20, Canada said it had enhanced its security screening for passengers travelling to India, citing “an abundance of caution". “Transport Canada has implemented temporary additional security screening measures for travellers to India out of an abundance of caution," Anand had told CBC News. She had also said that passengers “may experience some screening delays while these measures are in place”. Following the annoucement, Air Canada reportedly notified passengers heading to India about the new security protocols over the weekend. An Air Canada spokesperson confirmed the development to Aviation Source News, stating that Transport Canada has introduced additional requirements for those travelling by air to India. The move to enhance security protocols for travellers to India came a month after the Royal Canadian Mounted Police (RCPM) claimed it had evidence of involvement of "agents", acting on behalf of the Indian government, involved in 'organised' crimes in Canada including extortion, intimidation, coercion and harassment. Meanwhile, Canada has issued clarification that it has no evidence linking Indian Prime Minister Narendra Modi, External Affairs Minister S Jaishankar, or National Security Advisor Ajit Doval to criminal activities in the country. "On October 14, 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," statement issued by intelligence advisor to the Canadian Prime Minister Justin Trudeau read. India rubbished Canada's accusation. “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 said. | 2024-11-22 14:02 | 2024-11-22 | 14:02 |
moneycontrol.com | https://www.moneycontrol.com/technology/openai-may-develop-an-in-house-browser-to-take-on-google-chrome-article-12873472.html | OpenAI may develop an in-house browser to take on Google Chrome | OpenAI. | OpenAI recently introduced SearchGPT, which is ChatGPT's official search engine. However, the company is considering developing a web browser that combines with ChatGPT and has exclusive power search features. This new browser would likely compete with Google Chrome and could include a variety of eCommerce websites and apps as its partners. OpenAI could create an in-house web browser: Key details According to a recent report by The Information (via Reuters), OpenAI has been in talks with various app and website developers, such as Conde Nast, Redfin, Eventbrite, and Priceline, to create its web browser. As per the report, these app developers have also prototyped the design of this browser. Developing a web browser could further boost the usage of ChatGPT, as a native integration could allow for a seamless operation of the chatbot with a browser for curation of various topics. The move could also create a major competitor for Google, which commands a major share of the browser and search market with the Chrome browser. Google has been ramping up its artificial intelligence capabilities since 2022 with its Gemini AI tool integration into its products. Currently, Google controls about 90% of the online search market with Chrome, with more than 50% of these users coming from the US market. However, sources caution that OpenAI is still far from launching its browser at the moment, and we may have to wait for more time for it to become a reality. | 2024-11-22 13:58 | 2024-11-22 | 13:58 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/hindalco-consolidated-september-2024-net-sales-at-rs-58203-00-crore-up-7-45-y-o-y-12873470.html | Hindalco Consolidated September 2024 Net Sales at Rs 58,203.00 crore, up 7.45% Y-o-Y | Reported Consolidated quarterly numbers for Hindalco Industries are: Net Sales at Rs 58,203.00 crore in September 2024 up 7.45% from Rs. 54,169.00 crore in September 2023. Quarterly Net Profit at Rs. 3,909.00 crore in September 2024 up 78.01% from Rs. 2,196.00 crore in September 2023. EBITDA stands at Rs. 8,958.00 crore in September 2024 up 47.46% from Rs. 6,075.00 crore in September 2023. Hindalco EPS has increased to Rs. 17.59 in September 2024 from Rs. 9.88 in September 2023. Hindalco shares closed at 648.05 on November 19, 2024 (NSE) and has given -6.57% returns over the last 6 months and 27.86% over the last 12 months. | 2024-11-22 13:55 | 2024-11-22 | 13:55 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/markets/three-bofa-india-bankers-leave-amid-probe-on-stock-offerings-12873469.html | Three BofA India bankers leave amid probe on stock offerings | A Bank of America branch in New York, US, on Saturday, June 29, 2024. Bank of America Corp. is scheduled to release earnings figures on July 16. Photographer: Michael Nagle/Bloomberg. | Three dealmakers from Bank of America Corp. in India have left the company amid an internal investigation on allegations of wrongdoing involving stock offerings, according to people familiar with the matter. The bankers involved are Debasish Purohit, co-head of investment banking at BofA’s India operation; Subhrajit Roy, country head of global capital markets; and Vikram Khaitan, a director in investment banking in India, the people said, asking not to be named because they’re not authorized to speak with media. BofA is still reviewing possible replacements, the people added. The US lender did not respond to a request seeking comment. Among the transactions being probed areAditya Birla Capitaland Sun Life India AMC Investments’ Rs 1,500 crore ($178 million) share sale inAditya Birla Sun Life Asset Managementin March, IFR reported, citing unidentified people. Indian regulators contacted BofA about the matter in September and have been looking into it, the Financial Times reported separately, without saying where it got the information. | 2024-11-22 13:54 | 2024-11-22 | 13:54 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/sebi-investigating-whether-adani-flouted-disclosure-rules-bloomberg-12873459.html | Sebi investigating whether Adani flouted disclosure rules: Bloomberg | The Adani Group headquarters in Ahmedabad, India on Nov. 21..Related stories. | India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd. failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people said, asking not to be identified as the details are private. The process of fact-finding is expected to continue for two weeks following which Sebi could decide if it wants to open a formal investigation, one of the people said. Central to the query is a March 15 Bloomberg News report that US prosecutors were digging into whether an Adani entity — or people linked to the company, including its billionaire chairman — were involved in paying officials in India for favorable treatment on an energy project. In that article, the Adani Group said it wasn’t “aware of any investigation against our chairman” and that it was fully compliant with anti-bribery laws in India and elsewhere. In a March 19 filing to the stock exchanges, Adani Green said it is aware that an investigation is underway for potential violations of American anti-corruption laws by an unrelated third party. On Wednesday, US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme to win solar energy contracts in India, and alleged that the conglomerate concealed the plan as it sought to raise money from US investors. A spokesperson for the Adani Group denied the allegations. In their indictment, US prosecutors contend the Adani denial to Bloomberg in March was a false statement meant to further the alleged fraud scheme, given that Adani’s nephew, Sagar Adani, received a grand jury subpoena and search warrant a year earlier. Sagar is executive director of Adani Green, India’s largest renewables developer. Stock exchanges in India are considered as frontline regulators, tasked with enforcing rules made by Sebi on disclosures among other things. Stocks of Adani’s flagship firm plunged as much as 23% on Thursday after the US indictment, before paring losses Friday. Sebi, which can act on a complaint from the exchanges, has previously investigated the Adani Group for matters such as disclosure norms — including following allegations by shortseller Hindenburg Research last year — and is yet to disclose findings. Sebi can only file civil charges and disclosure violations typically attract a monetary penalty. Sebi, BSE Ltd. and NSE Ltd. didn’t respond to emails seeking comment. | 2024-11-22 13:46 | 2024-11-22 | 13:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/hind-aluminium-consolidated-september-2024-net-sales-at-rs-0-36-crore-down-25-y-o-y-12873460.html | Hind Aluminium Consolidated September 2024 Net Sales at Rs 0.36 crore, down 25% Y-o-Y | Reported Consolidated quarterly numbers for Hind Aluminium Industries are: Net Sales at Rs 0.36 crore in September 2024 down 25% from Rs. 0.48 crore in September 2023. Quarterly Net Profit at Rs. 1.05 crore in September 2024 down 72.58% from Rs. 3.83 crore in September 2023. EBITDA stands at Rs. 0.16 crore in September 2024 up 105.88% from Rs. 2.72 crore in September 2023. Hind Aluminium EPS has decreased to Rs. 1.67 in September 2024 from Rs. 6.25 in September 2023. Hind Aluminium shares closed at 67.12 on November 21, 2024 (BSE) and has given 12.30% returns over the last 6 months and 35.60% over the last 12 months. | 2024-11-22 13:44 | 2024-11-22 | 13:44 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/assam-consolidated-september-2024-net-sales-at-rs-2-39-crore-up-71-14-y-o-y-12873445.html | Assam Consolidated September 2024 Net Sales at Rs 2.39 crore, up 71.14% Y-o-Y | Reported Consolidated quarterly numbers for Assam Entrade Limited are: Net Sales at Rs 2.39 crore in September 2024 up 71.14% from Rs. 1.40 crore in September 2023. Quarterly Net Profit at Rs. 1.72 crore in September 2024 up 335.63% from Rs. 0.39 crore in September 2023. EBITDA stands at Rs. 2.40 crore in September 2024 up 300% from Rs. 0.60 crore in September 2023. Assam EPS has increased to Rs. 11.95 in September 2024 from Rs. 2.74 in September 2023. Assam shares closed at 460.00 on November 18, 2024 (BSE) | 2024-11-22 13:41 | 2024-11-22 | 13:41 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/global-banks-weigh-halting-fresh-credit-to-indias-adani-after-us-indictment-report-12873440.html | Global banks weigh halting fresh credit to India's Adani after US indictment: Report | Global banks weigh halting fresh credit to India's Adani after US indictment: Report.Related stories. | Some global banks are considering temporarily halting fresh credit toAdani Groupbut staying put with existing loans following US prosecutors' indictment of its billionaire founder Gautam Adani for fraud, sources said. US prosecutors have charged eight people, including Adani chairman Gautam Adani, with agreeing to pay about $265 million in bribes to Indian government officials to obtain contracts and develop India's largest solar power plant project. The crisis is the second in two years to hit the ports-to-power conglomerate founded by Adani, 62, one of the world's richest people. Adani Group has said the allegations made by the U.S. authorities were "baseless and denied". Senior executives at two of Adani's global lenders said that they have had multiple calls within their respective banks since the indictment details were announced to discuss exposure to the group and what the impact of the latest development would be on the group's financials. "We will have to put a pause to fresh lending until we are able to figure how this will play out. I think it will be a while before the bank is able to tap the credit market," said a banker at one of the leading Western banks. The banker, who is involved in talks related to Adani credit exposure and declined to be named as he was not authorised to speak to the media, said most of the group firms have stable cash flows and are not in "desperate need" to raise capital. The indictment would, however, cast a cloud over fundraising plans for expansion within India and abroad, as there will be greater creditor scrutiny not just on the indictment outcome but also on the "key man risk" for the group, the banker said. A senior banker at another Western bank, which is one of the major lenders to the group, said that the bank would also put a temporary freeze on fresh lending it was keeping a close watch on the Indian government's reaction to the indictment. All the bankers spoke to Reuters for this story on the condition they and their institutions would not be identified due to the sensitivity of the matter and because the internal discussions are confidential. Indian opposition parties that have long complained that Adani and his conglomerate have been treated favorably by Prime Minister Narendra Modi's government called for an investigation into allegations of wrongdoing. "Our future course of action will largely depend on whether the government will now try to find a way to resolve this or launch its own probe," said the senior banker at a Western bank, adding the infrastructure giant has now become "too-big-to-fail" for India. A Japanese bank with credit exposure to Adani said in cases like the one involving the Indian conglomerate, lenders tend to pause fresh lending due to reputational risk. The indictment of an individual, however, would generally not break any of its loan covenants, said the bank, which declined to be named. Adani did not immediately respond to Reuters request for comment. DEBT MATURITIES In a statement in April last year, Adani said global banks including Barclays, Deutsche Bank, Mizuho, Mitsubishi UFJ Financial Group, SMBC Group and Standard Chartered reaffirmed confidence in the Adani group after it was hit by a short-seller attack. Spokespersons for the three Japanese banks declined to comment, while others did not immediately respond. S&P Global Ratings said in a note on Friday the indictment could affect investor confidence in Adani group entities, thereby potentially impairing their funding access and increasing their funding costs. "We believe domestic, as well as some international banks and bond market investors, look at Adani entities as a group, and could set group limits on their exposure. This may affect the funding of rated entities," it said. The rating agency, however, added that the rated entities have "no immediate and lumpy" debt maturities. Some global banks with ties to Adani are parsing through bond and loan documentations to see if it exposed them to a risk of default or created a liability if investors decided to demand their money back, said another banker. But there was not a lot of legroom in documentation for either investors or the bankers to force the company to pay them back since there was no conviction yet, said lawyers familiar with corporate bond and loan agreements. Om Pandya, a Houston-based capital markets partner at Clifford Chance, said continued payment of interest by a borrower would also typically undermine any potential argument by creditors looking at clauses in loan or bond documentations to trigger a default. The most likely liability facing the banks is civil liability from investors introduced to Adani through the banks, said John Joy, managing attorney at FTI Law, a law firm that specializes in Foreign Corrupt Practices Act (FCPA) violations. "Civil litigation is a lengthy process, and it is possible that during discovery investors could uncover involvement that has not been disclosed by the SEC (Securities and Exchange Commision) or DOJ (Department of Justice)," he said. Adani has not been arrested yet and U.S. prosecutors would need to ask the Indian government to extradite him under the terms of the countries' extradition treaty. Adani could fight extradition, and it is unclear how long the process might take. "There's been no conviction ... but if you're a risk officer at a bank with exposure to Adani, maybe you're getting a little bit nervous," said Ed Al-Hussainy, head of emerging market fixed income research at Columbia Threadneedle. | 2024-11-22 13:39 | 2024-11-22 | 13:39 |
moneycontrol.com | https://www.moneycontrol.com/news/india/indian-navy-submarine-collides-with-fishing-vessel-off-goa-coast-fishermen-missing-12873399.html | Navy submarine, fishing vessel collide off Goa coast; 2 fishermen missing | The Indian Navy has rescued 11 crew members of the fishing vessel so far. (Courtesy: Reuters photo for representation only). | A fishing vessel with people 13 onboard collided with an Indian Navy submarine some 70 nautical miles off the Goa coast, officials said on Friday. The Indian Navy, which launched a rescue operation soon after the collision on Thursday, has successfully rescued 11 crew members of the vessel. For the rescue operation, the Navy deployed six ships and an unknown number of surveillance aircraft. "Search and rescue efforts for remaining two is underway. Additional assets have been diverted to the area to augment the efforts," said a Navy spokesperson. A high-level probe into the incident has been ordered by the Navy. -This is a developing story (With agency inputs) | 2024-11-22 13:37 | 2024-11-22 | 13:37 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/hb-portfolio-consolidated-september-2024-net-sales-at-rs-5-06-crore-down-13-92-y-o-y-12873441.html | HB Portfolio Consolidated September 2024 Net Sales at Rs 5.06 crore, down 13.92% Y-o-Y | Reported Consolidated quarterly numbers for HB Portfolio are: Net Sales at Rs 5.06 crore in September 2024 down 13.92% from Rs. 5.88 crore in September 2023. Quarterly Net Profit at Rs. 0.40 crore in September 2024 down 84.06% from Rs. 2.51 crore in September 2023. EBITDA stands at Rs. 0.39 crore in September 2024 down 86.12% from Rs. 2.81 crore in September 2023. HB Portfolio shares closed at 99.50 on November 21, 2024 (BSE) and has given 41.66% returns over the last 6 months and 77.14% over the last 12 months. | 2024-11-22 13:37 | 2024-11-22 | 13:37 |
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moneycontrol.com | https://www.moneycontrol.com/automobile/bmw-india-to-hike-model-prices-by-up-to-3-from-january-article-12873413.html | BMW India to hike model prices by up to 3% from January | BMW India to hike model prices by up to 3% from January. | Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3 per cent from January next year. The new prices will be effective from January 1, 2025 onwards, the German automaker said in a statement. The company's range of locally produced cars includes the 2 Series Gran Coupe, 3 Series Long Wheelbase, 5 Series Long Wheelbase, 7 Series Long Wheelbase, X1, X3, X5, X7 and M340i. BMW also sells models like i4, i5, i7, i7 M70, iX1, BMW iX, Z4 M40i, M2 Coupe among others as Completely Built-up Units (CBU). Last week, Mercedes-Benz had announced to hike the prices of its vehicles in India by up to 3 per cent on its entire model range in the portfolio from January 1, 2025, citing a rise in input costs, inflationary pressures and higher operational expenses. Prices of Mercedes-Benz cars in India will get costlier by Rs 2 lakh for the GLC to Rs 9 lakh for the top-end Mercedes-Maybach S 680 luxury limousine. | 2024-11-22 13:36 | 2024-11-22 | 13:36 |
moneycontrol.com | https://www.moneycontrol.com/news/india/maharashtra-assembly-election-results-date-time-and-where-to-watch-12873134.html | Maharashtra assembly election results date, time and where to watch | Maharashtra held its Assembly elections on November 20.Related stories. | Maharashtra, which held single-phase assembly elections for all of its 288 seats on November 20, is all set for the poll results. With the third largest legislative assembly after Uttar Pradesh and West Bengal, the state witnessed a fierce political rumble this year between the two main alliances: the ruling Mahayuti comprising BJP, Shiv Sena and NCP and the opposition Maha Vikas Aghadi (MVA) of Congress, Shiv Sena (UBT) and NCP (SP). In the 2019 assembly elections, the BJP-Shiv Sena combination won 161 seats. The BJP won 105 seats while Shiv Sena got 56. However, disagreement over power-sharing led to Uddhav walking out of NDA and forming a government with NCP and Congress under the MVA banner. In addition to these major alliances, smaller parties like Bahujan Samaj Party (BSP) and All India Majlis-e-Ittehad-ul-Muslimeen (AIMIM) also participated. The state saw a 65.11% voter turnout, the highest since 1995. However, the state witnessed two major political shake-ups since 2019 with NCP and Shiv Sena - the two regional satraps - undergoing a vertical split. What did the exit polls predict? The exit polls, if they hold true, would come as a big boost to the BJP-led NDA as well as Prime Minister Narendra Modi in terms of the impact the result would have on national politics. The ruling Mahayuti is projected to retain power in the state with at least five exit polls predicting a majority for the BJP-led alliance while two have predicted a closer fight with the possibility of a hung Assembly. A poll of polls as per the projections available so far predict 151 seats for the Mahayuti, 129 seats for the Maha Vikas Aghadi and 8 seats for Others. Date of Maharashtra Assembly election result The election results will be officially announced on November 23. The counting for the 288 assembly states will begin with postal ballots that are reserved for specific groups, including those with disabilities, security personnel, and certain government employees involved in essential services. Following this, the votes cast using Electronic Voting Machines (EVMs) will be tallied. By midday, early trends will start emerging, but a clearer picture of the outcomes will likely be available by late afternoon. Where to track results? The Maharashtra Assembly election results, analysis, and trends will be available on www.moneycontrol.com. | 2024-11-22 13:34 | 2024-11-22 | 13:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/joindre-capital-consolidated-september-2024-net-sales-at-rs-14-60-crore-up-42-28-y-o-y-12873408.html | Joindre Capital Consolidated September 2024 Net Sales at Rs 14.60 crore, up 42.28% Y-o-Y | Reported Consolidated quarterly numbers for Joindre Capital are: Net Sales at Rs 14.60 crore in September 2024 up 42.28% from Rs. 10.26 crore in September 2023. Quarterly Net Profit at Rs. 3.26 crore in September 2024 up 78.78% from Rs. 1.82 crore in September 2023. EBITDA stands at Rs. 4.82 crore in September 2024 up 81.89% from Rs. 2.65 crore in September 2023. Joindre Capital EPS has increased to Rs. 2.35 in September 2024 from Rs. 1.32 in September 2023. Joindre Capital shares closed at 58.10 on November 21, 2024 (BSE) and has given 25.19% returns over the last 6 months and 41.64% over the last 12 months. | 2024-11-22 13:31 | 2024-11-22 | 13:31 |
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moneycontrol.com | https://www.moneycontrol.com/news/india/mva-to-keep-all-its-newly-elected-mlas-under-one-roof-after-poll-results-raut-12873390.html | MVA to keep all its newly-elected MLAs under one roof after poll results: Sanjay Raut | Sanjay Raut.Related stories. | The Maha Vikas Aghadi constituents have decided to house all its newly-elected MLAs together in Mumbai after the Maharashtra election results, Shiv Sena (UBT) leader Sanjay Raut said on Friday, a move aimed at preventing poaching ahead of government formation. Talking to reporters, Raut said MVA leaders, including himself, his party colleague Anil Desai, NCP (SP) state president Jayant Patil and Congress leaders Satej Patil and Balasaheb Thorat met on Thursday and carried out an assessment of every seat. "We have decided to bring all newly-elected MLAs to Mumbai. New MLAs have no provision to stay in Mumbai. So we have decided to make their residential arrangements together," he said. The counting of votes for the November 20 Maharashtra assembly polls will take place on Saturday. Raut expressed confidence that the MVA would win 160 seats in the elections. Some independents, who have strong chances of victory, have expressed their desire to support the opposition bloc, the Rajya Sabha member said. "There is no formula for the CM's post. Everyone will choose the leader of the government," Raut said. Senior Congress leaders have to come to Mumbai with a mandate on the CM's post as NCP (SP) president Sharad Pawar and Shiv Sena (UBT) chief Uddhav Thackeray are in Mumbai. He also asserted that no power can stop the MVA from forming the next government in Maharashtra and that the decision on the top post will be taken only in Maharashtra. Fissures have emerged within the opposition MVA as well as the ruling Mahayuti on who will head the next government with constituents in both camps laying claim over the chief minister's post. While state Congress chief Nana Patole asserted that a MVA government will be formed in Maharashtra under the leadership of his party, Raut on Thursday insisted the CM face will be decided by all alliance partners jointly. Raut expressed fear that the BJP will try to obstruct the MVA through the governor's office in forming the government despite the opposition having the majority. "We will take a decision without any delay, or else BJP will try to snatch power ruthlessly," he said. The term of the Maharashtra legislative assembly ends on November 26. The opposition fears that President's rule could be imposed in the state if a new government is not formed till then. | 2024-11-22 13:25 | 2024-11-22 | 13:25 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/godrej-properties-gains-5-as-bofa-upgrades-stock-to-buy-lifts-target-price-12873269.html | Godrej Properties gains 5% as BofA upgrades stock to 'Buy', lifts target price | Godrej Properties Ltd.Related stories. | Shares ofGodrej Propertiessurged nearly 5 percent after Bank of America (BofA) upgraded the stock to a 'Buy' rating from 'Neutral' and raised its target price to Rs 3,600 from Rs 3,500, citing an attractive risk-reward profile following the recent correction. At 1 PM, Godrej Properties was trading 4.5 percent higher at Rs 2,828. The stock has gained over 40 percent year-to-date, significantly outperforming the Nifty 50, which has risen 9 percent during the same period. Today marked the stock's fifth consecutive day of gains. The stock gained 9 percent in the week ended November 17, recovering from four consecutive weeks of negative returns. Follow our live blog for all the market action BofA said that the residential real estate cycle remains robust and Godrej Properties is well-positioned with ample inventory. The brokerage projects over 20 percent compound annual growth rate (CAGR) in bookings. Furthermore, BofA expects the company's collections and operating cash flow (OCF) growth to outpace its bookings. In the previous session, shares of Godrej Properties gained after the Mumbai-based real estate developer informed the exchanges that it has acquired a 53 acre land parcel in Joka, Kolkata. The proposed project has an estimated revenue potential of Rs 500 crore. For the September quarter, Godrej Properties reported a consolidated net profit of Rs 335 crore, a sharp rise from Rs 67 crore in the year-ago period, aided by a tax write-back of Rs 169 crore. Revenue for the quarter surged to Rs 1,093 crore from Rs 343 crore a year earlier. | 2024-11-22 13:19 | 2024-11-22 | 13:19 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/gqg-partners-launches-share-buyback-a-day-after-stock-tumbles-over-us-bribery-charges-against-adani-group-12873392.html | GQG Partners launches share buyback a day after stock tumbles over US bribery charges against Adani Group | GQG Partners launches share buyback a day after stock tumbles over US bribery charges against Adani Group.Related stories. | Adani Group shareholder GQG Partners launched share buyback on November 22, a day after the investment firm's Australia-listed shares tanked as the Adani Group chairman Gautam Adani was indicted in the United States. On November 21, shares of GQG Partners, which holds a combined stake of nearly 20% in four Adani firms, fell more than 19% after Gautam Adani was charged with bribery and fraud in New York. On November 22, GQG told Australian Securities Exchange "it will have flexibility to purchase up to AUD$100 million of CHESS Depository Instruments on common stock (CDIs)". "The on-market buy-back recognises the significant market volatility at present and will allow GQG to opportunistically and flexibly acquire CDIs. The Board believes that the current CDI price significantly undervalued the Company. GQG continues to have a strong and robust balance sheet which favourably positions the Company to undertake this capital management initiative. The total number of shares to be purchased under the market buy-back will be dependent on business and market conditions and GQG may, at its discretion, vary the size of the on-market buy-back," added GQG Partners. “We believe our stock is undervalued and this is a great investment opportunity,” said CEO Tim Carver. “We have a strong balance sheet and GQG believes in the strength of its business. We’re happy to buy our stock at these values.” GQG Partners Inc. is a global investment boutique headquartered in the United States that focuses on managing active equity portfolios. As of October 31, 2024,GQG said it managed $159.4 billion for investors that include many large pension funds, sovereign funds, wealth management firms and other financial institutions around the world. GQG is listed on the Australian Securities Exchange. | 2024-11-22 13:17 | 2024-11-22 | 13:17 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/torrent-pharma-shares-rise-after-usfda-closes-inspection-with-voluntary-action-classification-12873388.html | Torrent Pharma shares rise after USFDA closes inspection with 'Voluntary Action' classification | The USFDA had inspected Torrent's
manufacturing facility at Pithampur and issued a Form 483 with one observation.. | Shares of Torrent Pharma are higher by over 2.5% in trade on November 22 after the company informed of a Establishment Inspection Report (EIR) by the USFDA for its facility at Pithampur, Madhya Pradesh, stating that the company has initiated voluntary action. "...USFDA has issued Establishment Inspection Report (“EIR”) with Voluntary Action Indicated (“VAI”) classification for the said manufacturing facility and the inspection has now been successfully closed by the USFDA,"Torrent Pharmasaid, informing about the closure of the inspection. The USFDA's Establishment Inspection Report (EIR) is a report summarizing findings of an inspection at a facility, mentioning compliance issues if any, and discussions during the visit. The USFDA assigned a Voluntary Action Indicated (VAI) classification, implying the company can voluntarily address the deficiencies without any administrative or regulatory action. The USFDA had inspected Torrent's manufacturing facility at Pithampur in the September quarter, and issued a Form 483 with one observation. Torrent Pharma registered constant currency revenue of $32 million, up by 7% on year, Sequentially, Torrent said its US businesses have delivered stable revenue. Torrent has said that it does not expect the US business to ramp up anywhere very fast in the next two years, since most of its filed ANDAs are old, and it expects 'low single digit approval' of newer ANDAs. | 2024-11-22 13:17 | 2024-11-22 | 13:17 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/adani-group-stocks-recover-most-turn-green-today-after-steep-fall-triggered-by-us-bribery-charges-12873271.html | Adani Group stocks recover, most turn green today after steep fall triggered by US bribery charges | Adani Group companies, including cement players ACC, Ambuja, and Adani Total Gas, also recovered from lows to trade in the green..Related stories. | Most of the Adani Group stocks turned positive, and climbed as much as 3-4 percent on November 22 after the previous day’s massive sell-off triggered by bribery charges in the US against Gautam Adani and other group executives. By noon,Adani Enterpriseswas up 3.1 percent at Rs 2,252. The stock was among the top gainers and top positive contributors to NSE Nifty 50. The benchmark equity index climbed over 1 percent or 300 points, also helped by ICICI Bank, Reliance Industries and State Bank of India shares. Adani Ports and SEZhad risen 1.7 percent to Rs 1,133; andAdani Green Energyclimbed 3.5 percent to Rs 1,186. Other Adani Group companies, including cement players ACC, Ambuja, and Adani Total Gas, also recovered from lows to trade in the green.Adani Energy Solutionswas down 3.5 percent at Rs 673. The gains come after a tumultuous session on November 21, when Adani Group’s listed firms lost Rs 2.2 lakh crore in market capitalisation, marking one of the steepest single-day declines in the group’s history. Shares of flagship Adani Enterprises had fallen 23 percent, while Adani Green Energy and Adani Energy Solutions plummeted 20 percent each. The market turmoil followed allegations by US prosecutors that Gautam Adani and other executives orchest0rated a $250 million bribery scheme to secure solar energy contracts in India. The charges, which include accusations of obstructing justice and misleading US authorities, have intensified scrutiny on the group’s governance and financial stability. Also read |S&P revises outlook on Adani Group firms to negative; flags funding, cash flow risks after bribery charges Adding to the challenges, S&P Global Ratings revised its outlook on three Adani Group entities—Adani Electricity Mumbai Ltd, Adani Ports and Special Economic Zone Ltd, and Adani Green Energy Ltd Restricted Group 2 (AGEL RG2)—to negative. S&P affirmed the ratings on these entities. But it warned that their cash flows could be materially impacted if the allegations are proven, or if their funding costs rise or funding access weakens. S&P also said that domestic and international banks and bond market investors might impose group-level exposure limits, potentially affecting Adani Group’s ability to raise funds. The ratings agency added that the group relies on regular access to equity and debt markets for its ambitious growth and refinancing needs. Separately, US-based investment firm GQG Partners, which is a significant investor in Adani Group stocks, announced a buyback of its own shares, after yesterday’s steep 20 percent fall. The Australia-listed stock of Rajiv Jain’s boutique investment firm rose about 4 percent to close at AUD 2.21. | 2024-11-22 13:03 | 2024-11-22 | 13:03 |
moneycontrol.com | https://www.moneycontrol.com/news/world/chinese-stocks-slump-as-weak-tech-earnings-hit-sentiment-12873383.html | Chinese stocks slump as weak tech earnings hit sentiment | Chinese stocks slump as weak tech earnings hit sentiment. | A selloff in Chinese stocks deepened on Friday afternoon, as disappointing tech earnings hit sentiment already weakened by concerns over Donald Trump’s imminent return. The CSI 300 Index slumped 3.1%, the most since Oct. 11. The Hang Seng China Enterprises Index lost as much as 2.4%, set to cap a second straight week of losses. Tech and electric vehicle-related shares were among the biggest losers. The retreat extends the market’s slide since an October peak, underscoring growing frustration over the Beijing’s underwhelming fiscal stimulus and jitters over a potential escalation in US-China tensions. The latest earnings from consumption bellwethers PDD Holdings Inc. and Baidu Inc. have done little to inject confidence, with the latter’s shares briefly plunging 10% in Hong Kong following a decline in revenue. Chinese Stocks Drop Over 3% as Headwinds MountThe investors “found nothing has improved from property and equity to consumption — also no positive surprise from corporate earnings,” said Steven Leung, an executive director at UOB Kay Hian Hong Kong. Baidu Inc. recorded its biggest revenue drop in more than two years. PDD warned that its profitability will trend downward over time because of intensifying competition in its home market of China. The Hang Seng China gauge has now lost 17% since its October peak. The CSI 300 is down more than 8%. | 2024-11-22 12:59 | 2024-11-22 | 12:59 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/nutech-global-standalone-september-2024-net-sales-at-rs-10-41-crore-up-4-97-y-o-y-12873368.html | Nutech Global Standalone September 2024 Net Sales at Rs 10.41 crore, up 4.97% Y-o-Y | Reported Standalone quarterly numbers for Nutech Global are: Net Sales at Rs 10.41 crore in September 2024 up 4.97% from Rs. 9.91 crore in September 2023. Quarterly Net Loss at Rs. 0.08 crore in September 2024 up 41.73% from Rs. 0.14 crore in September 2023. EBITDA stands at Rs. 0.31 crore in September 2024 up 55% from Rs. 0.20 crore in September 2023. Nutech Global shares closed at 21.21 on November 21, 2024 (BSE) and has given -9.51% returns over the last 6 months and -40.82% over the last 12 months. | 2024-11-22 12:59 | 2024-11-22 | 12:59 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/raj-rayon-ind-standalone-september-2024-net-sales-at-rs-211-98-crore-up-18-01-y-o-y-12873343.html | Raj Rayon Ind Standalone September 2024 Net Sales at Rs 211.98 crore, up 18.01% Y-o-Y | Reported Standalone quarterly numbers for Raj Rayon Industries are: Net Sales at Rs 211.98 crore in September 2024 up 18.01% from Rs. 179.63 crore in September 2023. Quarterly Net Loss at Rs. 4.31 crore in September 2024 down 212.26% from Rs. 3.84 crore in September 2023. EBITDA stands at Rs. 2.88 crore in September 2024 down 66.97% from Rs. 8.72 crore in September 2023. Raj Rayon Ind shares closed at 23.27 on November 19, 2024 (NSE) and has given 7.48% returns over the last 6 months and -26.13% over the last 12 months. | 2024-11-22 12:59 | 2024-11-22 | 12:59 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/acs-technologie-standalone-september-2024-net-sales-at-rs-27-68-crore-up-64-y-o-y-12873367.html | ACS TECHNOLOGIE Standalone September 2024 Net Sales at Rs 27.68 crore, up 64% Y-o-Y | Reported Standalone quarterly numbers for ACS TECHNOLOGIES are: Net Sales at Rs 27.68 crore in September 2024 up 64% from Rs. 16.88 crore in September 2023. Quarterly Net Profit at Rs. 1.45 crore in September 2024 up 467.98% from Rs. 0.26 crore in September 2023. EBITDA stands at Rs. 3.12 crore in September 2024 up 34.48% from Rs. 2.32 crore in September 2023. ACS TECHNOLOGIE EPS has increased to Rs. 0.24 in September 2024 from Rs. 0.04 in September 2023. ACS TECHNOLOGIE shares closed at 2.19 on August 07, 2017 (BSE) | 2024-11-22 12:59 | 2024-11-22 | 12:59 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/himatsingka-sei-standalone-september-2024-net-sales-at-rs-568-09-crore-down-11-23-y-o-y-12873344.html | Himatsingka Sei Standalone September 2024 Net Sales at Rs 568.09 crore, down 11.23% Y-o-Y | Reported Standalone quarterly numbers for Himatsingka Seide are: Net Sales at Rs 568.09 crore in September 2024 down 11.23% from Rs. 639.94 crore in September 2023. Quarterly Net Profit at Rs. 13.21 crore in September 2024 down 56.27% from Rs. 30.21 crore in September 2023. EBITDA stands at Rs. 112.80 crore in September 2024 down 13.92% from Rs. 131.04 crore in September 2023. Himatsingka Sei EPS has decreased to Rs. 1.34 in September 2024 from Rs. 3.07 in September 2023. Himatsingka Sei shares closed at 162.60 on November 19, 2024 (NSE) and has given 18.17% returns over the last 6 months and -3.53% over the last 12 months. | 2024-11-22 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/ashnoor-text-standalone-september-2024-net-sales-at-rs-44-49-crore-up-43-63-y-o-y-12873351.html | Ashnoor Text Standalone September 2024 Net Sales at Rs 44.49 crore, up 43.63% Y-o-Y | Reported Standalone quarterly numbers for Ashnoor Textile Mills are:Net Sales at Rs 44.49 crore in September 2024 up 43.63% from Rs. 30.97 crore in September 2023.Quarterly Net Profit at Rs. 6.81 crore in September 2024 up 342.46% from Rs. 1.54 crore in September 2023.EBITDA stands at Rs. 11.05 crore in September 2024 up 120.56% from Rs. 5.01 crore in September 2023.Ashnoor Text EPS has increased to Rs. 4.27 in September 2024 from Rs. 1.21 in September 2023.Ashnoor Text shares closed at 57.43 on November 21, 2024 (BSE) and has given 12.61% returns over the last 6 months and 10.98% over the last 12 months.Ashnoor Textile MillsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations44.4949.7130.97Other Operating Income------Total Income From Operations44.4949.7130.97EXPENDITUREConsumption of Raw Materials38.4039.3025.23Purchase of Traded Goods0.440.110.27Increase/Decrease in Stocks-8.060.27-0.95Power & Fuel------Employees Cost0.410.380.41Depreciation1.381.391.37Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses5.554.332.91P/L Before Other Inc. , Int., Excpt. Items & Tax6.373.921.73Other Income3.303.311.91P/L Before Int., Excpt. Items & Tax9.677.233.64Interest1.001.101.65P/L Before Exceptional Items & Tax8.676.131.99Exceptional Items---0.02--P/L Before Tax8.676.121.99Tax1.851.460.45P/L After Tax from Ordinary Activities6.814.651.54Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period6.814.651.54Equity Share Capital15.9315.9312.75Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS4.272.921.21Diluted EPS4.272.921.21EPS After Extra OrdinaryBasic EPS4.272.921.21Diluted EPS4.272.921.21Public 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 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/hampton-sky-standalone-september-2024-net-sales-at-rs-5-00-crore-down-90-99-y-o-y-12873346.html | HAMPTON SKY Standalone September 2024 Net Sales at Rs 5.00 crore, down 90.99% Y-o-Y | Reported Standalone quarterly numbers for HAMPTON SKY REALTY are: Net Sales at Rs 5.00 crore in September 2024 down 90.99% from Rs. 55.50 crore in September 2023. Quarterly Net Profit at Rs. 1.39 crore in September 2024 up 255.41% from Rs. 0.39 crore in September 2023. EBITDA stands at Rs. 2.51 crore in September 2024 up 84.56% from Rs. 1.36 crore in September 2023. HAMPTON SKY EPS has increased to Rs. 0.05 in September 2024 from Rs. 0.01 in September 2023. HAMPTON SKY shares closed at 24.11 on November 21, 2024 (BSE) and has given -20.90% returns over the last 6 months and -53.54% over the last 12 months. | 2024-11-22 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/supan-syntech-standalone-september-2024-net-sales-at-rs-0-63-crore-down-96-4-y-o-y-12873350.html | Supan Syntech Standalone September 2024 Net Sales at Rs 0.63 crore, down 96.4% Y-o-Y | Reported Standalone quarterly numbers for Supan Syntech are: Net Sales at Rs 0.63 crore in September 2024 down 96.4% from Rs. 17.46 crore in September 2023. Quarterly Net Profit at Rs. 0.17 crore in September 2024 up 358.4% from Rs. 0.04 crore in September 2023. EBITDA stands at Rs. 0.22 crore in September 2024 up 266.67% from Rs. 0.06 crore in September 2023. Supan Syntech EPS has increased to Rs. 2.44 in September 2024 from Rs. 0.52 in September 2023. Supan Syntech shares closed at 2.39 on July 10, 2020 (BSE) | 2024-11-22 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/zodiac-clothing-standalone-september-2024-net-sales-at-rs-42-20-crore-up-31-27-y-o-y-12873371.html | Zodiac Clothing Standalone September 2024 Net Sales at Rs 42.20 crore, up 31.27% Y-o-Y | Reported Standalone quarterly numbers for Zodiac Clothing Company are:Net Sales at Rs 42.20 crore in September 2024 up 31.27% from Rs. 32.15 crore in September 2023.Quarterly Net Loss at Rs. 13.76 crore in September 2024 down 27.96% from Rs. 10.76 crore in September 2023.EBITDA stands negative at Rs. 0.97 crore in September 2024 up 74.34% from Rs. 3.78 crore in September 2023.Zodiac Clothing shares closed at 110.71 on November 19, 2024 (NSE) and has given -2.72% returns over the last 6 months and -15.97% over the last 12 months.Zodiac Clothing CompanyStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations42.2037.7032.15Other Operating Income------Total Income From Operations42.2037.7032.15EXPENDITUREConsumption of Raw Materials17.4915.3413.85Purchase of Traded Goods0.733.340.15Increase/Decrease in Stocks1.80-3.68-0.78Power & Fuel------Employees Cost11.3010.8010.31Depreciation5.104.994.97Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses14.0120.4911.82P/L Before Other Inc. , Int., Excpt. Items & Tax-8.23-13.58-8.16Other Income2.165.98-0.59P/L Before Int., Excpt. Items & Tax-6.07-7.60-8.75Interest1.891.891.78P/L Before Exceptional Items & Tax-7.96-9.49-10.53Exceptional Items------P/L Before Tax-7.96-9.49-10.53Tax5.80-0.070.22P/L After Tax from Ordinary Activities-13.76-9.42-10.76Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-13.76-9.42-10.76Equity Share Capital25.9925.9925.99Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS-5.30-3.63-4.14Diluted EPS-5.30-3.63-4.14EPS After Extra OrdinaryBasic EPS-5.30-3.63-4.14Diluted EPS-5.30-3.63-4.14Public 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 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/shree-bhavya-standalone-september-2024-net-sales-at-rs-54-73-crore-up-19-44-y-o-y-12873345.html | Shree Bhavya Standalone September 2024 Net Sales at Rs 54.73 crore, up 19.44% Y-o-Y | Reported Standalone quarterly numbers for Shree Bhavya Fabrics are: Net Sales at Rs 54.73 crore in September 2024 up 19.44% from Rs. 45.82 crore in September 2023. Quarterly Net Profit at Rs. 0.57 crore in September 2024 up 174.54% from Rs. 0.21 crore in September 2023. EBITDA stands at Rs. 3.16 crore in September 2024 up 15.75% from Rs. 2.73 crore in September 2023. Shree Bhavya EPS has increased to Rs. 0.59 in September 2024 from Rs. 0.22 in September 2023. Shree Bhavya shares closed at 23.18 on November 21, 2024 (BSE) and has given 4.13% returns over the last 6 months and -5.46% over the last 12 months. | 2024-11-22 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/swasti-vinayaka-standalone-september-2024-net-sales-at-rs-6-92-crore-up-120-28-y-o-y-12873369.html | Swasti Vinayaka Standalone September 2024 Net Sales at Rs 6.92 crore, up 120.28% Y-o-Y | Reported Standalone quarterly numbers for Swasti Vinayaka Art And Heritage Corporation are: Net Sales at Rs 6.92 crore in September 2024 up 120.28% from Rs. 3.14 crore in September 2023. Quarterly Net Profit at Rs. 0.77 crore in September 2024 down 4.68% from Rs. 0.81 crore in September 2023. EBITDA stands at Rs. 1.44 crore in September 2024 up 9.92% from Rs. 1.31 crore in September 2023. Swasti Vinayaka EPS has decreased to Rs. 0.09 in September 2024 from Rs. 0.09 in September 2023. Swasti Vinayaka shares closed at 4.19 on November 21, 2024 (BSE) and has given 4.49% returns over the last 6 months and 9.40% over the last 12 months. | 2024-11-22 12:58 | 2024-11-22 | 12:58 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/monte-carlo-standalone-september-2024-net-sales-at-rs-219-70-crore-up-3-42-y-o-y-12873349.html | Monte Carlo Standalone September 2024 Net Sales at Rs 219.70 crore, up 3.42% Y-o-Y | Reported Standalone quarterly numbers for Monte Carlo Fashions are: Net Sales at Rs 219.70 crore in September 2024 up 3.42% from Rs. 212.43 crore in September 2023. Quarterly Net Profit at Rs. 8.01 crore in September 2024 down 40.09% from Rs. 13.37 crore in September 2023. EBITDA stands at Rs. 37.52 crore in September 2024 down 6.53% from Rs. 40.14 crore in September 2023. Monte Carlo EPS has decreased to Rs. 3.86 in September 2024 from Rs. 6.45 in September 2023. Monte Carlo shares closed at 765.65 on November 19, 2024 (NSE) and has given 13.16% returns over the last 6 months and 8.43% over the last 12 months. | 2024-11-22 12:57 | 2024-11-22 | 12:57 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/thomas-scott-standalone-september-2024-net-sales-at-rs-40-67-crore-up-84-99-y-o-y-12873347.html | Thomas Scott Standalone September 2024 Net Sales at Rs 40.67 crore, up 84.99% Y-o-Y | Reported Standalone quarterly numbers for Thomas Scott India are: Net Sales at Rs 40.67 crore in September 2024 up 84.99% from Rs. 21.99 crore in September 2023. Quarterly Net Profit at Rs. 2.83 crore in September 2024 up 14.47% from Rs. 2.48 crore in September 2023. EBITDA stands at Rs. 4.82 crore in September 2024 up 46.06% from Rs. 3.30 crore in September 2023. Thomas Scott EPS has increased to Rs. 5.45 in September 2024 from Rs. 3.15 in September 2023. Thomas Scott shares closed at 195.36 on November 19, 2024 (NSE) and has given -18.26% returns over the last 6 months and 14.72% over the last 12 months. | 2024-11-22 12:57 | 2024-11-22 | 12:57 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/mutual-funds/mutual-funds-take-a-hit-but-still-80-of-equity-funds-fare-better-than-the-benchmarks-12873374.html | Mutual funds take a hit but still 80% of equity funds fare better than the benchmarks | According to a latest report by PL Capital, out of the 240 open-ended equity diversified funds, about 80 percent of the funds were able to outperform their respective benchmarks in October..Related stories. | The benchmark indices along with most of the broader indices lost ground in October but most of the open-ended equity diversified funds were able to stem the losses while falling less than their respective benchmarks. According to a latest report by PL Capital, out of the 240 open-ended equity diversified funds, about 80 percent of the funds were able to outperform their respective benchmarks in October. As per the report, while 84 percent of the Large Cap funds outperformed their benchmarks, 85 percent of Large and Mid Cap funds fared better than the benchmarks. Further, 86 percent of the Flexi Cap funds were able to perform better than their respective benchmarks even as around 60 percent of the Small Cap funds outperformed the benchmark. In October, Nifty 50 TRI fell 6.12 percent while Nifty Midcap 150 TRI and Nifty Small Cap 250 TRI lost 6.43 percent and 3.58 percent, respectively. Top performing funds - scheme wise In the Large Cap category, DSP Top 100 Equity Fund - Reg(G) fund, which has assets under management (AUM) totalling Rs 3,433 crore, dipped 4.42 percent while Motilal Oswal Large Cap Fund - Reg(G) was down 4.87 percent. In the Large Cap and Mid Cap category, Motilal Oswal Large & Midcap Fund - Reg(G) with an AUM of Rs 3,690 crore was down 3.93 percent, followed by SBI Large & Midcap Fund - Reg(G) that posted negative returns of 4.36 percent during the month. In the Flexi Cap category, Parag Parikh Flexi Cap Fund - Reg(G) gave the highest returns of 3.03 percent. Following it was Helios Flexi Cap Fund - Reg(G), which fell 3.21 percent. As per data from the Association of Mutual Funds in India (AMFI), net inflows into equity funds in October reached a record high of Rs 41,886.69 crore. The overall AUM of mutual funds in the month of October grew by around Rs 16,355 crore to Rs 67.25 lakh crore. Top performing funds - category wise In terms of categories, Small Cap funds were the best performing in October while managing to lose less than the benchmarks while Large Cap funds bore the maximum brunt with an average fall of more than six percent. | 2024-11-22 12:57 | 2024-11-22 | 12:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/bang-overseas-standalone-september-2024-net-sales-at-rs-48-97-crore-up-64-43-y-o-y-12873352.html | Bang Overseas Standalone September 2024 Net Sales at Rs 48.97 crore, up 64.43% Y-o-Y | Reported Standalone quarterly numbers for Bang Overseas are: Net Sales at Rs 48.97 crore in September 2024 up 64.43% from Rs. 29.78 crore in September 2023. Quarterly Net Profit at Rs. 0.15 crore in September 2024 up 104.46% from Rs. 3.35 crore in September 2023. EBITDA stands at Rs. 0.87 crore in September 2024 up 131.41% from Rs. 2.77 crore in September 2023. Bang Overseas EPS has increased to Rs. 0.11 in September 2024 from Rs. 2.47 in September 2023. Bang Overseas shares closed at 54.18 on November 19, 2024 (NSE) and has given 7.08% returns over the last 6 months and -23.74% over the last 12 months. | 2024-11-22 12:57 | 2024-11-22 | 12:57 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/sheshadri-ind-standalone-september-2024-net-sales-at-rs-8-00-crore-down-2-9-y-o-y-12873362.html | Sheshadri Ind Standalone September 2024 Net Sales at Rs 8.00 crore, down 2.9% Y-o-Y | Reported Standalone quarterly numbers for Sheshadri Industries are: Net Sales at Rs 8.00 crore in September 2024 down 2.9% from Rs. 8.24 crore in September 2023. Quarterly Net Profit at Rs. 1.23 crore in September 2024 up 76.86% from Rs. 0.69 crore in September 2023. EBITDA stands at Rs. 2.03 crore in September 2024 up 2155.56% from Rs. 0.09 crore in September 2023. Sheshadri Ind EPS has increased to Rs. 2.47 in September 2024 from Rs. 1.40 in September 2023. Sheshadri Ind shares closed at 13.57 on November 21, 2024 (BSE) and has given -2.02% returns over the last 6 months and -3.07% over the last 12 months. | 2024-11-22 12:56 | 2024-11-22 | 12:56 |
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moneycontrol.com | https://www.moneycontrol.com/news/india/manipur-violence-bjps-nadda-congress-kharge-lock-horns-over-letters-12873326.html | Manipur violence: BJP's Nadda, Congress' Kharge lock horns over letters | More than 220 people have been killed and thousands rendered homeless in Manipur’s ethnic violence since May last year..Related stories. | The Congress on Friday hit back at BJP president J P Nadda over his allegation that the opposition party was pushing a politically motivated narrative on the issue of Manipur, saying his letter to Mallikarjun Kharge is a "4D exercise – denial, distortion, distraction, and defamation". Nadda on Friday accused the Congress of pushing an "incorrect, false and politically" motivated narrative on the issue of Manipur unrest, as he hit back at Kharge for seeking President Droupadi Murmu's intervention and alleging the Centre's complete failure in defusing the crisis. In a rejoinder to Kharge, Nadda claimed the repercussions of the Congress's "abject failure" in dealing with local issues in Manipur when it was in power are being felt even today. Hitting back at Nadda, Congress general secretary in-charge communications Jairam Ramesh said, "Congress President Kharge ji wrote to the President of India on Manipur. Apparently to counter that letter, the BJP President has now written to the Congress President." "Naddaji's letter is, not surprisingly, full of falsehoods and is a 4D exercise – denial, distortion, distraction, and defamation," he said in a post on X. The people of Manipur are yearning for normalcy, peace, and harmony to return to the state at the earliest, Ramesh said. "Towards this end they are asking four simple questions: When will the PM visit the state? How much longer will the CM continue to be inflicted on the state, when a majority of MLAs are not in his support? When will a full-time Governor for the state be appointed? When will the Union Home Minister take responsibility for his abject failures in Manipur?" In his letter, Nadda told Kharge what is shocking is how repeated attempts are being made by the Congress party to sensationalise the situation in Manipur, he told Kharge. He said Kharge seemed to have forgotten that not only did his government legitimise the illegal migration of foreign militants to India, the then home minister P Chidambaram had signed treaties with them. The Congress has been attacking the prime minister for not visiting Manipur, besides slamming the Centre for its handling of the situation in the ethnic strife-torn northeastern state. More than 220 people have been killed and thousands rendered homeless in ethnic violence between Imphal Valley-based Meiteis and adjoining hills-based Kuki-Zo groups since May last year. (With PTI inputs) | 2024-11-22 12:55 | 2024-11-22 | 12:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/bhandari-hosier-standalone-september-2024-net-sales-at-rs-68-26-crore-up-7-46-y-o-y-12873370.html | Bhandari Hosier Standalone September 2024 Net Sales at Rs 68.26 crore, up 7.46% Y-o-Y | Reported Standalone quarterly numbers for Bhandari Hosiery Exports are: Net Sales at Rs 68.26 crore in September 2024 up 7.46% from Rs. 63.52 crore in September 2023. Quarterly Net Profit at Rs. 1.67 crore in September 2024 down 0.84% from Rs. 1.68 crore in September 2023. EBITDA stands at Rs. 6.48 crore in September 2024 up 1.09% from Rs. 6.41 crore in September 2023. Bhandari Hosier EPS has decreased to Rs. 0.07 in September 2024 from Rs. 0.11 in September 2023. Bhandari Hosier shares closed at 6.24 on November 19, 2024 (NSE) and has given -20.51% returns over the last 6 months and -4.00% over the last 12 months. | 2024-11-22 12:55 | 2024-11-22 | 12:55 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/global-ai-conclave-rajeev-chandrasekhar-flags-regulatory-void-in-monetising-publicly-scraped-data-12873273.html | Global AI Conclave: Rajeev Chandrasekhar flags regulatory void in monetising publicly scraped data | Former union minister Rajeev Chandrasekhar in conversation with Moneycontrol's Chandra R Srikanth at the CNBC TV 18 and Moneycontrol Global AI Conclave in Bengaluru on November 22.Related stories. | Former Union Minister Rajeev Chandrasekhar raised concerns on November 22 about the lack of a legal framework for the monetisation of publicly available non-personal data on the internet. Speaking at the CNBC-TV18 and Moneycontrol Global AI Conclave, Chandrasekhar said, "There are certainly gaps in our jurisprudential framework when it comes to non-personal data and monetising of it, scraping the internet, monetising of publicly available data and so on." Chandrasekhar, who was previously the minister of state for electronics, information, and technology, said this in response to a question on deepfakes. However, his statement is also significant because it also concerns how big LLM models scrap publicly available data on the internet without paying fair compensation to the owners of such data. "Is there anything in place that causes the model trainer to compensate for the publicly scraped information? Currently, no! We need to plug that gap," he said. "You certainly don't want a situation where big LLMs scrape the internet 10 times over and they have created such a critical mass, and that they don't care about whether you go protest to any court to complain about your content. That is not a desirable outcome.," he said. However, Chandrasekhar opined that these gaps in judicial frameworks will be addressed by amending existing regulations or introducing new ones. When asked about whether India should focus on building its own LLMs or build on top of existing ones, Chandrasekhar declined to answer and called the debate a "waste of time". However, he stressed the need to focus on using AI for solving real use cases. "We must focus on solving real use cases with the help of AI. Like DPI, in the next 2-3 years, India should be able to show how AI has been harnessed, and how common people have been impacted by AI." Chandrasekhar said that he is still very active in politics and that he spends much of his time in Thiruvananthapuram, Kerala. "I am very much in politics and public life, and I hope to continue to do what I was doing before I was doing as a minister -- shape the policies of the government of India, continue to expand the innovation system and so on," he added. CNBC-TV18 & Moneycontrol Present Global AI Conclave 2024, Co-Powered By Intel AI, Associate Partners Adobe & Reliance Industries Limited, Ecosystem Partner TiE Bangalore, and Event Technology Partner Townhall | 2024-11-22 12:55 | 2024-11-22 | 12:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/suditind-standalone-september-2024-net-sales-at-rs-17-70-crore-up-2-28-y-o-y-12873354.html | Suditind Standalone September 2024 Net Sales at Rs 17.70 crore, up 2.28% Y-o-Y | Reported Standalone quarterly numbers for Suditi Industries are: Net Sales at Rs 17.70 crore in September 2024 up 2.28% from Rs. 17.31 crore in September 2023. Quarterly Net Loss at Rs. 0.16 crore in September 2024 up 95.42% from Rs. 3.60 crore in September 2023. EBITDA stands at Rs. 0.47 crore in September 2024 up 117.47% from Rs. 2.69 crore in September 2023. | 2024-11-22 12:55 | 2024-11-22 | 12:55 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/suditi-ind-standalone-september-2024-net-sales-at-rs-17-70-crore-up-2-28-y-o-y-12873372.html | Suditi Ind Standalone September 2024 Net Sales at Rs 17.70 crore, up 2.28% Y-o-Y | Reported Standalone quarterly numbers for Suditi Industries are: Net Sales at Rs 17.70 crore in September 2024 up 2.28% from Rs. 17.31 crore in September 2023. Quarterly Net Loss at Rs. 0.16 crore in September 2024 up 95.42% from Rs. 3.60 crore in September 2023. EBITDA stands at Rs. 0.47 crore in September 2024 up 117.47% from Rs. 2.69 crore in September 2023. Suditi Ind shares closed at 20.67 on November 21, 2024 (BSE) and has given 29.11% returns over the last 6 months and 27.04% over the last 12 months. | 2024-11-22 12:55 | 2024-11-22 | 12:55 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/perfect-octave-standalone-september-2024-net-sales-at-rs-0-04-crore-down-18-1-y-o-y-12873355.html | Perfect-Octave Standalone September 2024 Net Sales at Rs 0.04 crore, down 18.1% Y-o-Y | Reported Standalone quarterly numbers for Perfect-Octave Media Projects are: Net Sales at Rs 0.04 crore in September 2024 down 18.1% from Rs. 0.05 crore in September 2023. Quarterly Net Loss at Rs. 0.08 crore in September 2024 up 62.62% from Rs. 0.20 crore in September 2023. EBITDA stands negative at Rs. 0.08 crore in September 2024 up 50% from Rs. 0.16 crore in September 2023. Perfect-Octave shares closed at 4.20 on November 21, 2024 (BSE) and has given 83.41% returns over the last 6 months and 75.00% over the last 12 months. | 2024-11-22 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/york-exports-standalone-september-2024-net-sales-at-rs-14-49-crore-down-12-2-y-o-y-12873356.html | York Exports Standalone September 2024 Net Sales at Rs 14.49 crore, down 12.2% Y-o-Y | Reported Standalone quarterly numbers for York Exports are: Net Sales at Rs 14.49 crore in September 2024 down 12.2% from Rs. 16.50 crore in September 2023. Quarterly Net Profit at Rs. 0.62 crore in September 2024 down 8.22% from Rs. 0.67 crore in September 2023. EBITDA stands at Rs. 1.53 crore in September 2024 down 3.16% from Rs. 1.58 crore in September 2023. York Exports EPS has decreased to Rs. 1.83 in September 2024 from Rs. 2.00 in September 2023. York Exports shares closed at 47.00 on November 21, 2024 (BSE) and has given 14.94% returns over the last 6 months and 5.74% over the last 12 months. | 2024-11-22 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/filatex-fashion-standalone-september-2024-net-sales-at-rs-35-33-crore-down-22-82-y-o-y-12873358.html | Filatex Fashion Standalone September 2024 Net Sales at Rs 35.33 crore, down 22.82% Y-o-Y | Reported Standalone quarterly numbers for Filatex Fashions are:Net Sales at Rs 35.33 crore in September 2024 down 22.82% from Rs. 45.77 crore in September 2023.Quarterly Net Profit at Rs. 2.13 crore in September 2024 up 13.92% from Rs. 1.87 crore in September 2023.EBITDA stands at Rs. 3.67 crore in September 2024 up 18.77% from Rs. 3.09 crore in September 2023.Filatex Fashion EPS has decreased to Rs. 0.00 in September 2024 from Rs. 0.01 in September 2023.Filatex Fashion shares closed at 0.91 on November 21, 2024 (NSE) and has given -61.11% returns over the last 6 months and -64.86% over the last 12 months.Filatex FashionsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations35.3324.2145.77Other Operating Income------Total Income From Operations35.3324.2145.77EXPENDITUREConsumption of Raw Materials32.7724.6538.85Purchase of Traded Goods------Increase/Decrease in Stocks-3.43-4.88--Power & Fuel------Employees Cost0.940.820.71Depreciation0.340.170.13Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses1.390.763.13P/L Before Other Inc. , Int., Excpt. Items & Tax3.332.702.96Other Income0.000.010.00P/L Before Int., Excpt. Items & Tax3.332.712.96Interest0.400.400.36P/L Before Exceptional Items & Tax2.942.312.60Exceptional Items------P/L Before Tax2.942.312.60Tax0.810.580.73P/L After Tax from Ordinary Activities2.131.731.87Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period2.131.731.87Equity Share Capital833.41833.41833.41Reserves Excluding Revaluation Reserves--43.3334.60Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.000.010.01Diluted EPS--0.010.01EPS After Extra OrdinaryBasic EPS0.000.010.01Diluted EPS--0.010.01Public 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 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/bodal-chemicals-standalone-september-2024-net-sales-at-rs-422-72-crore-up-29-y-o-y-12873363.html | Bodal Chemicals Standalone September 2024 Net Sales at Rs 422.72 crore, up 29% Y-o-Y | Reported Standalone quarterly numbers for Bodal Chemicals are:Net Sales at Rs 422.72 crore in September 2024 up 29% from Rs. 327.70 crore in September 2023.Quarterly Net Profit at Rs. 0.59 crore in September 2024 down 42.79% from Rs. 1.03 crore in September 2023.EBITDA stands at Rs. 37.28 crore in September 2024 up 30.99% from Rs. 28.46 crore in September 2023.Bodal Chemicals EPS has decreased to Rs. 0.05 in September 2024 from Rs. 0.08 in September 2023.Bodal Chemicals shares closed at 71.15 on November 19, 2024 (NSE) and has given -2.93% returns over the last 6 months and -3.79% over the last 12 months.Bodal ChemicalsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations422.72420.20327.70Other Operating Income------Total Income From Operations422.72420.20327.70EXPENDITUREConsumption of Raw Materials208.52220.16165.91Purchase of Traded Goods0.080.25--Increase/Decrease in Stocks17.054.756.08Power & Fuel------Employees Cost27.0727.2525.14Depreciation16.9516.7714.08Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses137.54130.25108.21P/L Before Other Inc. , Int., Excpt. Items & Tax15.5120.788.27Other Income4.821.206.11P/L Before Int., Excpt. Items & Tax20.3321.9814.38Interest19.5520.4612.90P/L Before Exceptional Items & Tax0.781.521.48Exceptional Items------P/L Before Tax0.781.521.48Tax0.200.380.46P/L After Tax from Ordinary Activities0.591.141.03Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.591.141.03Equity Share Capital25.1925.1625.16Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.050.090.08Diluted EPS0.050.090.08EPS After Extra OrdinaryBasic EPS0.050.090.08Diluted EPS0.050.090.08Public 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 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/new-light-appar-standalone-september-2024-net-sales-at-rs-5-42-crore-up-336-84-y-o-y-12873373.html | New Light Appar Standalone September 2024 Net Sales at Rs 5.42 crore, up 336.84% Y-o-Y | Reported Standalone quarterly numbers for New Light Apparels are:Net Sales at Rs 5.42 crore in September 2024 up 336.84% from Rs. 1.24 crore in September 2023.Quarterly Net Profit at Rs. 0.34 crore in September 2024 up 720.52% from Rs. 0.05 crore in September 2023.EBITDA stands at Rs. 0.35 crore in September 2024 up 1850% from Rs. 0.02 crore in September 2023.New Light Appar EPS has increased to Rs. 0.43 in September 2024 from Rs. 0.25 in September 2023.New Light Appar shares closed at 13.06 on November 21, 2024 (BSE) and has given 521.90% returns over the last 6 months and 691.52% over the last 12 months.New Light ApparelsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations5.420.721.24Other Operating Income------Total Income From Operations5.420.721.24EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods1.930.731.04Increase/Decrease in Stocks2.97-0.280.10Power & Fuel------Employees Cost0.070.020.02Depreciation0.010.010.01Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.110.210.12P/L Before Other Inc. , Int., Excpt. Items & Tax0.340.03-0.03Other Income----0.00P/L Before Int., Excpt. Items & Tax0.340.03-0.03Interest0.000.000.02P/L Before Exceptional Items & Tax0.340.03-0.05Exceptional Items------P/L Before Tax0.340.03-0.05Tax------P/L After Tax from Ordinary Activities0.340.03-0.05Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period0.340.03-0.05Equity Share Capital7.827.822.20Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.430.04-0.25Diluted EPS0.430.04-0.25EPS After Extra OrdinaryBasic EPS0.430.04-0.25Diluted EPS0.430.04-0.25Public 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 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/pact-industries-standalone-september-2024-net-sales-at-rs-0-03-crore-down-96-47-y-o-y-12873360.html | Pact Industries Standalone September 2024 Net Sales at Rs 0.03 crore, down 96.47% Y-o-Y | Reported Standalone quarterly numbers for Pact Industries are: Net Sales at Rs 0.03 crore in September 2024 down 96.47% from Rs. 0.85 crore in September 2023. Quarterly Net Loss at Rs. 0.09 crore in September 2024 up 97.27% from Rs. 3.39 crore in September 2023. EBITDA stands negative at Rs. 0.03 crore in September 2024 up 99.11% from Rs. 3.36 crore in September 2023. Pact Industries shares closed at 1.36 on November 20, 2023 (BSE) | 2024-11-22 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/heubachind-standalone-september-2024-net-sales-at-rs-218-42-crore-up-9-02-y-o-y-12873361.html | HEUBACHIND Standalone September 2024 Net Sales at Rs 218.42 crore, up 9.02% Y-o-Y | Reported Standalone quarterly numbers for Heubach Colorants India are:Net Sales at Rs 218.42 crore in September 2024 up 9.02% from Rs. 200.35 crore in September 2023.Quarterly Net Profit at Rs. 18.41 crore in September 2024 up 42.82% from Rs. 12.89 crore in September 2023.EBITDA stands at Rs. 31.17 crore in September 2024 up 30.58% from Rs. 23.87 crore in September 2023.HEUBACHIND EPS has increased to Rs. 7.98 in September 2024 from Rs. 5.58 in September 2023.HEUBACHIND shares closed at 543.00 on November 19, 2024 (NSE) and has given 37.00% returns over the last 6 months and 4.35% over the last 12 months.Heubach Colorants IndiaStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations218.42173.38200.35Other Operating Income------Total Income From Operations218.42173.38200.35EXPENDITUREConsumption of Raw Materials112.1484.6792.36Purchase of Traded Goods39.2414.7322.72Increase/Decrease in Stocks-28.542.997.60Power & Fuel------Employees Cost21.0422.0817.99Depreciation5.315.555.82Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses46.6237.8037.80P/L Before Other Inc. , Int., Excpt. Items & Tax22.615.5616.06Other Income3.252.011.99P/L Before Int., Excpt. Items & Tax25.867.5718.05Interest0.680.630.63P/L Before Exceptional Items & Tax25.186.9417.42Exceptional Items------P/L Before Tax25.186.9417.42Tax6.771.774.53P/L After Tax from Ordinary Activities18.415.1712.89Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period18.415.1712.89Equity Share Capital23.0823.0823.08Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS7.982.245.58Diluted EPS7.982.245.58EPS After Extra OrdinaryBasic EPS7.982.245.58Diluted EPS7.982.245.58Public 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 12:54 | 2024-11-22 | 12:54 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/shankar-lal-ram-standalone-september-2024-net-sales-at-rs-94-42-crore-up-34-63-y-o-y-12873365.html | Shankar Lal Ram Standalone September 2024 Net Sales at Rs 94.42 crore, up 34.63% Y-o-Y | Reported Standalone quarterly numbers for Shankar Lal Rampal Dye-Chem are: Net Sales at Rs 94.42 crore in September 2024 up 34.63% from Rs. 70.13 crore in September 2023. Quarterly Net Profit at Rs. 2.53 crore in September 2024 up 35.92% from Rs. 1.86 crore in September 2023. EBITDA stands at Rs. 3.69 crore in September 2024 up 39.77% from Rs. 2.64 crore in September 2023. Shankar Lal Ram EPS has increased to Rs. 0.40 in September 2024 from Rs. 0.29 in September 2023. Shankar Lal Ram shares closed at 59.04 on November 19, 2024 (NSE) and has given -46.52% returns over the last 6 months and -46.52% over the last 12 months. | 2024-11-22 12:53 | 2024-11-22 | 12:53 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/polson-standalone-september-2024-net-sales-at-rs-21-16-crore-down-4-92-y-o-y-12873364.html | Polson Standalone September 2024 Net Sales at Rs 21.16 crore, down 4.92% Y-o-Y | Reported Standalone quarterly numbers for Polson are: Net Sales at Rs 21.16 crore in September 2024 down 4.92% from Rs. 22.25 crore in September 2023. Quarterly Net Profit at Rs. 1.15 crore in September 2024 down 6.85% from Rs. 1.23 crore in September 2023. EBITDA stands at Rs. 3.94 crore in September 2024 down 1.5% from Rs. 4.00 crore in September 2023. Polson EPS has decreased to Rs. 95.83 in September 2024 from Rs. 102.87 in September 2023. Polson shares closed at 14,001.50 on November 21, 2024 (BSE) and has given 5.35% returns over the last 6 months and 3.32% over the last 12 months. | 2024-11-22 12:53 | 2024-11-22 | 12:53 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/shankar-lal-ram-standalone-september-2024-net-sales-at-rs-94-42-crore-up-34-63-y-o-y-2-12873366.html | Shankar Lal Ram Standalone September 2024 Net Sales at Rs 94.42 crore, up 34.63% Y-o-Y | Reported Standalone quarterly numbers for Shankar Lal Rampal Dye-Chem are: Net Sales at Rs 94.42 crore in September 2024 up 34.63% from Rs. 70.13 crore in September 2023. Quarterly Net Profit at Rs. 2.53 crore in September 2024 up 35.92% from Rs. 1.86 crore in September 2023. EBITDA stands at Rs. 3.69 crore in September 2024 up 39.77% from Rs. 2.64 crore in September 2023. Shankar Lal Ram EPS has increased to Rs. 0.40 in September 2024 from Rs. 0.29 in September 2023. Shankar Lal Ram shares closed at 59.04 on November 19, 2024 (NSE) and has given -46.52% returns over the last 6 months and -46.52% over the last 12 months. | 2024-11-22 12:53 | 2024-11-22 | 12:53 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/ishan-dyes-standalone-september-2024-net-sales-at-rs-30-58-crore-up-29-91-y-o-y-12873375.html | Ishan Dyes Standalone September 2024 Net Sales at Rs 30.58 crore, up 29.91% Y-o-Y | Reported Standalone quarterly numbers for Ishan Dyes and Chemicals are:Net Sales at Rs 30.58 crore in September 2024 up 29.91% from Rs. 23.54 crore in September 2023.Quarterly Net Profit at Rs. 1.32 crore in September 2024 up 512.95% from Rs. 0.32 crore in September 2023.EBITDA stands at Rs. 3.31 crore in September 2024 up 150.76% from Rs. 1.32 crore in September 2023.Ishan Dyes EPS has increased to Rs. 0.63 in September 2024 from Rs. 0.15 in September 2023.Ishan Dyes shares closed at 53.85 on November 21, 2024 (BSE) and has given 13.46% returns over the last 6 months and -3.06% over the last 12 months.Ishan Dyes and ChemicalsStandalone Quarterly Resultsin Rs. Cr.Sep'24Jun'24Sep'23Net Sales/Income from operations30.5832.9723.54Other Operating Income------Total Income From Operations30.5832.9723.54EXPENDITUREConsumption of Raw Materials18.7018.827.95Purchase of Traded Goods------Increase/Decrease in Stocks1.195.009.89Power & Fuel------Employees Cost2.151.761.75Depreciation0.620.630.70Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses6.165.473.25P/L Before Other Inc. , Int., Excpt. Items & Tax1.761.30-0.01Other Income0.930.730.63P/L Before Int., Excpt. Items & Tax2.692.030.62Interest1.331.120.68P/L Before Exceptional Items & Tax1.360.91-0.06Exceptional Items------P/L Before Tax1.360.91-0.06Tax0.040.030.26P/L After Tax from Ordinary Activities1.320.88-0.32Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period1.320.88-0.32Equity Share Capital20.9720.9720.97Reserves Excluding Revaluation Reserves------Equity Dividend Rate (%)------EPS Before Extra OrdinaryBasic EPS0.630.42-0.15Diluted EPS0.630.42-0.15EPS After Extra OrdinaryBasic EPS0.630.42-0.15Diluted EPS0.630.42-0.15Public 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 12:53 | 2024-11-22 | 12:53 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/stocks/buy-apollo-hospitals-enterprise-target-of-rs-7764-geojit-financial-services-12873348.html | Buy Apollo Hospitals Enterprise; target of Rs 7764: Geojit Financial Services | Buy.Related stories. | Geojit Financial Services research report onApollo Hospitals Enterprise Apollo Hospitals Enterprise Ltd (Apollo) operates the largest network of hospitals in India with 73 centres and more than 6,000 pharmacies. Apollo's consolidated revenue rose 15.6% YoY to Rs. 5,628cr in Q2FY25, driven by notable growth across segments. Healthcare services rose 13.8% YoY to Rs. 2,920cr due to a 13% increase in revenue from insured patients and a 15% rise from patients making cash payments. The two sources together account for 83% of the hospital’s inpatient revenue. Revenue from digital health and pharmacy distribution climbed 17.3% YoY to Rs. 2,282cr, with average daily orders through pharma and diagnostic consultations increasing from 62,000 per day in Q2FY24 to 76,000 per day in Q2FY25. Offline pharmacy distribution revenue stood at Rs. 2,014cr, while Apollo’s digital platform generated Rs. 268cr. Retail health and diagnostics also saw revenue growth of 14.0% YoY to Rs 404cr, driven by higher footfalls. EBITDA surged 31.4% YoY to Rs 854cr and margin improved 190bps to 15.2% owing to a higher topline and reduced employee costs as a percentage of revenue. Outlook Hence, we reiterate our BUY rating on the stock with a revised target price of Rs. 7,764 based on the SOTP valuation. For all recommendations report,click here Apollo Hospitals Enterprise - 22112024 - geo | 2024-11-22 12:49 | 2024-11-22 | 12:49 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/vault-matters-government-should-give-a-free-hand-to-rbi-on-rate-setting-12873299.html | Vault matters: Government should give a free hand to RBI on rate setting | It is important to appreciate that whenever there have been differences between the government and RBI on interest rates, the RBI has had the final word..Related stories. | The past few days has been all about how a few ministers of the government and the Reserve Bank of India are divided on what should be the optimal borrowing rate for India Inc. This isn’t the first time such a debate is taking place, and this will far from be the last time either. And it’s not just in India, but world-wide. When the first signs of slowdown germinate, the natural tendency for any government would be to pinpoint the central bank rates for the slowdown. But in reality, interest rates don’t account for even 7 – 9 percent of total cost of production for any manufacturing unit and what’s more, there aren’t very many examples of businesses going down due to exorbitant interest rates charged by banks. Interest Rates and Manufacturing In fact, what determines how much a manufacturing unit should produce is often a function of demand for its product and not a function of how economical it is to avail loan from a bank. In this context, the finance minister’s ask for cheaper bank loans in order to propel manufacturing may not quite be the case. Where interest rates play a decisive role is in consumer purchases. Personal loans and consumer durable loans are often a function of how expensive the loan is. But do we want to make interest rates cheap on these products to ensure that people increasingly buy products to demand is a larger question for the policy makers. The real question though is whether we are a juncture where we can afford to go slow on benchmark interest rates to play along with the narrative of the government and the answer to that is a simple no. This column on September 20 delved into how banks could be in trouble if arate cut happens any time soon. Retail Lending Stress It’s time to revisit the argument in the back of growing stress in the retail lending space, especially on low-value loans. Credit costs in the retail lending space has risen by 50 basis points year-on-year in September FY25 quarter. In some cases, the increase is more pronounced, upwards of 100 bps. Stress for now is primarily emerging from credit cards and microfinance loans, interestingly from a nuanced product and a bottom of pyramid product. Intermittently there is stress from small ticket personal loans as well. In such a scenario, what is helping banks is their ability to generate decent yield. In other words, the ability to pass on the risk of credit cost is helping banks stay afloat. This is true especially of state-owned banks, which are presently at a level where they are no more dependent on the government for capital. PSU banks (and the banking system as a whole) hasn’t witnessed fresh stress since 2020 since the clean-up of a massive pool of corporate loans got done. Their ability to price loans appropriately has done a lot of good for the system. That said, owing to high cost of operations., state-owned banks are also seeing a gradual reduction in net interest margin, which is well off the peak of 3.3 – 3.5 per cent seen in September FY23 quarter. Alongside this pressure, if banks are forced to lower interest rates, it could further decelerate the loan growth momentum rather than otherwise. To defend profitability, banks, private and public, may become more selective on whom they should lend to. In simple terms, reiterating what this column stated in September, banks are barely in a comfortable position to lower interest rates. If any, the environment has become far less congenial for one, given the rising stress in select pockets of retail loans. Reluctance to Lower Interest Rates Under these circumstances, it would be right to call the clamour of a rate cut more popular than logical. In this context, it is also important to appreciate that whenever there have been differences between the government and RBI on interest rates, the RBI has had the final word. For instance, Dr Duvurri Subbarao from 2010 – 2013 was constantly under pressure by the government to lower repo rates. Not submitting to these demands, for the good of the economy, Subbarao hiked rates from 4.75 per cent in April 2009 to 7.25 per cent in May 2013. Interestingly, when Raghuram Rajan, who was seen close to the then dispensation at the Centre was appointed as central bank chief, he hiked repo rate 7.25 per cent to 8 per cent till January 2014, before he could start cutting rates to balance the economic pressures owing to taper tantrum. When the central bank has the last say on rates, why not we let the regulator work in peace! | 2024-11-22 12:44 | 2024-11-22 | 12:44 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/mid-day-mood-markets-extend-early-gains-as-sensex-soars-900-pts-nifty-reclaims-23600-ril-it-bank-stocks-lead-massive-rally-12873240.html | Mid-day Mood | Markets extend early gains as Sensex soars 1,000 pts, Nifty reclaims 23,600; RIL, IT, bank stocks lead massive rally | There were only two losers on the Nifty -- Axis Bank, and Sun Pharma..Related stories. | After a strong opening, benchmark indices Nifty and Sensex notched higher after a vibrant rally in realty, banking, and IT stocks kept the market mood upbeat, lending resilience to the positive momentum. At 12:45 pm, the Sensex was up 1,025.48 points or 1.33 percent at 78,181.27, and the Nifty was up 324.90 points or 1.39 percent at 23,674.80. About 2077 shares advanced, 1202 shares declined, and 102 shares unchanged. Follow our LIVE blog for all the latest market updates "The market is facing significant headwinds, but it remains fundamentally positive overall. Despite the ongoing Russia-Ukraine war and FIIs' record 37-day selling streak, the market has only corrected by about 11 percent from its September peak—indicating this is more of a correction than a crash," says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The US market is bullish with a 25.43 percent YTD return, which suggests a positive undertone globally. Yesterday's selloff was largely driven by the fallout from the Adani issue, so a recovery from current levels is possible. However, a sustained recovery seems unlikely given the challenges ahead. While the broader market, especially midcaps, may seem strong, this is driven more by liquidity than fundamental strength. Large-cap stocks, particularly in banking and IT, remain fundamentally solid, whereas sectors like FMCG, metals, and oil & gas appear weak, he added. Also read:Nifty IT index rises 2% after US labor market data boosts sentiment All NSE sectoral indices rallied with notable outliers being PSU Bank, IT, and Realty index. Public sector lenders, trading higher by up to 3 percent, came under fire yesterday given their exposure to Adani Group companies. Heavyweights like SBI, Bank of Baroda, PNB, and Canara Bank lifted the index higher. Private banks such as ICICI Bank, HDFC Bank, and IndusInd Bank also performed well. 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. IT shares also rallied led by strong labour market data in the US. Read more:NTPC Green Energy IPO sails through on Day 3, retail portion booked 2.63x; check GMP and other key details In a remarkable reversal, most of the Adani Group stocks turned positive and climbed as much as 3-4 percent on November 22 after the previous day’s massive sell-off triggered by bribery charges in the US against Gautam Adani. Ten of the 11 Adani Group companies, including cement players ACC, Ambuja, and Adani Total Gas, recovered from lows to trade in the green. Adani Energy Solutions was down 3.5 percent at Rs 673. Fintech player Paytm was buzzing in trade, rising over 5 percent in the afternoon and extending gains for a fifth trading session, after Bernstein recently dished out a positive call on the fintech player. The international brokerage 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. India's largest public sector lender State Bank of India, rose over 3 percent to become the top gainer on the Nifty 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 the 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. Shares of Praj Industries surged over 9 percent on November 22 after the company projected a three-fold revenue growth by 2030, fueled by rising interest in energy transition. Atul Mulay, President of Bioenergy Business, said the company aims to increase exports from 29 percent to 50 percent of total revenue by 2030, targeting Rs 10,000 crore in annual revenue, up from Rs 3,400 crore currently. In the broader market, mid-cap and small-cap indices opened the session on a positive note, gaining 0.8 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. "The improved risk appetite noted yesterday didn’t stop the market from slipping at the open, but it helped prevent further declines throughout the day. This could lead to attempts for more gains today, with the first target at 23,390," Anand James of Geojit Financial Services, said. " However, for stronger upward movement, the market needs to break the 23,480-23,565 range. If the market struggles to stay above 23,390, it may revisit levels between 23,100 and 22,800," he added. Adani Enterprises, Tata Consumer Products, Adani Ports, and UltraTech Cement were key gainers on the Nifty. There were only two losers on the Nifty -- Axis Bank, and Sun Pharma. | 2024-11-22 12:43 | 2024-11-22 | 12:43 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/big-upgrade-for-info-edge-goldman-sachs-says-buy-with-a-target-of-rs-8600-12873279.html | Big upgrade for Info Edge, Goldman Sachs says Buy with a target of Rs 8,600 | The Goldman Sachs note also mentions about other segments that it sees clocking strong growth. 99acres - for one - can clock a +20% revenue growth going forward..Related stories. | Goldman Sachs has upgraded Info Edge to Buy from Sell, raising target to Rs 8,600 from Rs 5,700 per share citing improvement in the demand environment for Indian IT companies, which has sent the shares of the company sharply higher by over 4% in November 22. Info Edge's segmental revenue growth too looks promising, said Goldman Sachs, adding that the recruitment segment revenue growth is now projected to grow at a CAGR of 16% during FY25-28e as against 8% over FY23-25e. The Goldman Sachs note also mentions about other segments that it sees clocking strong growth. 99acres - for one - can clock a +20% revenue growth going forward. The proptech business could achieve break-even in 2025 riding on its scale and a stable competitive intensity in the segment. The stake in Zomato, which accounts for nearly 33% of Info Edge's market capitalisation, is another factor propelling the bullishness in the stock, said Goldman Sachs. However, the brokerage sees upside risks to the estimates as well as the earnings multiples forInfo Edge. During the September quarter earnings, Hitesh Oberoi, Managing Director and Chief Executive Officer said, “We are pleased to see double digit billings growth in the recruitment business after several weak quarters. Increased cash generation from this segment, coupled with reduced losses in our non-recruitment businesses, position us strongly for sustainable growth.” This is the largest business segment for Info Edge. The recruitment business generated a healthy cash of Rs 479 crore in H1 of FY25, Info Edge said, and the cash losses in the non-recruitment business reduced by 57% to Rs 33 crore in H1 of FY25. Naukri parent Info Edge reported arobust Q2FY25 for September quarter, with revenue in-line and EBITDA margin surpassing expectations, while analysts forecast growth as IT hiring strengthens. Naukri said it added an average of 24,500 resumes every day in Q2FY25. | 2024-11-22 12:42 | 2024-11-22 | 12:42 |
moneycontrol.com | https://www.moneycontrol.com/news/india/jharkhand-assembly-election-results-date-time-and-where-to-watch-12873338.html | Jharkhand assembly election results date, time and where to watch | File photo used for representation.Related stories. | The stage is set for the counting of votes for the 81-member Jharkhand assembly, which will begin at 8am on Saturday (November 23). The state voted in two phases, on November 13 and November 20, and witnessed a high voltage contest between the ruling JMM-Congress alliance and the opposition BJP-led NDA. Date and time of Jharkhand Assembly election result The counting is expected to begin sharp at 8am on November 23 at 24 counting centres across the state. The postal ballot votes will be counted first. "The counting would begin at 8 am with postal ballots adding that votes of EVMs would be computed from 8:30 am. The result of first round is expected by 9:30 am while the outcome of subsequent rounds would come in 20 to 30 minutes each," the Election Commission has said. Where to track Jharkhand Assembly election results? The Jharkhand Assembly election results, analysis, and trends will be available on www.moneycontrol.com. NDA vs INDIA Jharkhand witnessed a tense clash between between the ruling Jharkhand Mukti Morcha-Congress alliance and the opposition BJP-led NDA. The JMM-Congress alliance is hoping to retain power by banking on the achievements of the Soren government and solidifying support from tribal voters. BJP is hoping to make a comeback in the state after a strong show in Haryana. The saffron party is going all out to woo the tribal voters in the state and PM Modi is personally spearheading BJP's campaign in the crucial state. Seat-sharing pact The Hemant Soren-led JMM is contesting 43 seats while Congress is fielding candidates in 30 constituencies. The Rashtriya Janata Dal (RJD) will fight on six seats while the Left parties will contest the remaining three seats. In the NDA, BJP is contesting 68 seats while AJSU will field candidates in 10 seats. JD(U) is contesting two seats while the Chirag Paswan-led LJP (RV) is contesting one. | 2024-11-22 12:40 | 2024-11-22 | 12:40 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/rudraeco-standalone-september-2024-net-sales-at-rs-7-24-crore-up-206-82-y-o-y-12873290.html | RUDRAECO Standalone September 2024 Net Sales at Rs 7.24 crore, up 206.82% Y-o-Y | Reported Standalone quarterly numbers for RUDRA ECOVATION are: Net Sales at Rs 7.24 crore in September 2024 up 206.82% from Rs. 2.36 crore in September 2023. Quarterly Net Loss at Rs. 1.65 crore in September 2024 down 35.48% from Rs. 1.22 crore in September 2023. EBITDA stands negative at Rs. 1.05 crore in September 2024 down 84.21% from Rs. 0.57 crore in September 2023. RUDRAECO shares closed at 56.27 on November 21, 2024 (BSE) and has given 2.80% returns over the last 6 months and 149.09% over the last 12 months. | 2024-11-22 12:36 | 2024-11-22 | 12:36 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/suryavanshi-spg-standalone-september-2024-net-sales-at-rs-0-16-crore-down-98-47-y-o-y-12873291.html | Suryavanshi Spg Standalone September 2024 Net Sales at Rs 0.16 crore, down 98.47% Y-o-Y | Reported Standalone quarterly numbers for Suryavanshi Spinning Mills are: Net Sales at Rs 0.16 crore in September 2024 down 98.47% from Rs. 10.59 crore in September 2023. Quarterly Net Loss at Rs. 2.49 crore in September 2024 down 285.92% from Rs. 1.34 crore in September 2023. EBITDA stands negative at Rs. 0.66 crore in September 2024 up 0% from Rs. 0.66 crore in September 2023. Suryavanshi Spg shares closed at 27.74 on November 19, 2024 (BSE) | 2024-11-22 12:36 | 2024-11-22 | 12:36 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/nda-securities-consolidated-september-2024-net-sales-at-rs-2-11-crore-up-29-12-y-o-y-12873333.html | NDA Securities Consolidated September 2024 Net Sales at Rs 2.11 crore, up 29.12% Y-o-Y | Reported Consolidated quarterly numbers for NDA Securities are: Net Sales at Rs 2.11 crore in September 2024 up 29.12% from Rs. 1.64 crore in September 2023. Quarterly Net Profit at Rs. 0.35 crore in September 2024 up 112.06% from Rs. 0.17 crore in September 2023. EBITDA stands at Rs. 0.56 crore in September 2024 up 86.67% from Rs. 0.30 crore in September 2023. NDA Securities EPS has increased to Rs. 0.59 in September 2024 from Rs. 0.28 in September 2023. NDA Securities shares closed at 45.20 on November 21, 2024 (BSE) and has given -14.23% returns over the last 6 months and 120.60% over the last 12 months. | 2024-11-22 12:36 | 2024-11-22 | 12:36 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/precot-standalone-september-2024-net-sales-at-rs-253-58-crore-down-4-78-y-o-y-12873292.html | Precot Standalone September 2024 Net Sales at Rs 253.58 crore, down 4.78% Y-o-Y | Reported Standalone quarterly numbers for Precot are: Net Sales at Rs 253.58 crore in September 2024 down 4.78% from Rs. 266.30 crore in September 2023. Quarterly Net Profit at Rs. 10.51 crore in September 2024 up 1076.05% from Rs. 1.08 crore in September 2023. EBITDA stands at Rs. 29.28 crore in September 2024 up 65.99% from Rs. 17.64 crore in September 2023. Precot EPS has increased to Rs. 8.75 in September 2024 from Rs. 0.90 in September 2023. Precot shares closed at 531.40 on November 19, 2024 (NSE) and has given 42.12% returns over the last 6 months and 138.67% over the last 12 months. | 2024-11-22 12:36 | 2024-11-22 | 12:36 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/hisar-spinning-standalone-september-2024-net-sales-at-rs-11-76-crore-up-8-47-y-o-y-12873303.html | Hisar Spinning Standalone September 2024 Net Sales at Rs 11.76 crore, up 8.47% Y-o-Y | Reported Standalone quarterly numbers for Hisar Spinning Mills are: Net Sales at Rs 11.76 crore in September 2024 up 8.47% from Rs. 10.84 crore in September 2023. Quarterly Net Profit at Rs. 0.38 crore in September 2024 up 505.6% from Rs. 0.06 crore in September 2023. EBITDA stands at Rs. 0.87 crore in September 2024 up 31.82% from Rs. 0.66 crore in September 2023. Hisar Spinning EPS has increased to Rs. 1.01 in September 2024 from Rs. 0.17 in September 2023. Hisar Spinning shares closed at 72.77 on November 21, 2024 (BSE) and has given 51.60% returns over the last 6 months and 70.02% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/mid-india-ind-standalone-september-2024-net-sales-at-rs-1-55-crore-down-17-34-y-o-y-12873296.html | Mid India Ind Standalone September 2024 Net Sales at Rs 1.55 crore, down 17.34% Y-o-Y | Reported Standalone quarterly numbers for Mid India Industries are: Net Sales at Rs 1.55 crore in September 2024 down 17.34% from Rs. 1.87 crore in September 2023. Quarterly Net Loss at Rs. 0.01 crore in September 2024 up 91.12% from Rs. 0.09 crore in September 2023. EBITDA stands at Rs. 0.01 crore in September 2024 up 0% from Rs. 0.00 crore in September 2023. Mid India Ind shares closed at 9.49 on November 21, 2024 (BSE) and has given -33.96% returns over the last 6 months and 12.98% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/united-textiles-standalone-september-2024-net-sales-at-rs-1-90-crore-down-40-21-y-o-y-12873300.html | United Textiles Standalone September 2024 Net Sales at Rs 1.90 crore, down 40.21% Y-o-Y | Reported Standalone quarterly numbers for United Textiles are: Net Sales at Rs 1.90 crore in September 2024 down 40.21% from Rs. 3.18 crore in September 2023. Quarterly Net Profit at Rs. 0.00 crore in September 2024 down 73.33% from Rs. 0.01 crore in September 2023. EBITDA stands at Rs. 0.49 crore in September 2024 down 12.5% from Rs. 0.56 crore in September 2023. United Textiles EPS has increased to Rs. 0.06 in September 2024 from Rs. 0.03 in September 2023. United Textiles shares closed at 17.01 on November 18, 2024 (BSE) | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/ls-industries-standalone-september-2024-net-sales-at-rs-0-01-crore-down-91-62-y-o-y-12873298.html | LS Industries Standalone September 2024 Net Sales at Rs 0.01 crore, down 91.62% Y-o-Y | Reported Standalone quarterly numbers for LS Industries are: Net Sales at Rs 0.01 crore in September 2024 down 91.62% from Rs. 0.11 crore in September 2023. Quarterly Net Loss at Rs. 0.50 crore in September 2024 down 177.12% from Rs. 0.18 crore in September 2023. EBITDA stands negative at Rs. 0.44 crore in September 2024 down 144.44% from Rs. 0.18 crore in September 2023. LS Industries shares closed at 44.62 on November 19, 2024 (BSE) and has given 88.91% returns over the last 6 months and 88.91% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/amit-spinning-standalone-september-2024-net-sales-at-rs-25-85-crore-up-17-41-y-o-y-12873295.html | Amit Spinning Standalone September 2024 Net Sales at Rs 25.85 crore, up 17.41% Y-o-Y | Reported Standalone quarterly numbers for Amit Spinning Industries are: Net Sales at Rs 25.85 crore in September 2024 up 17.41% from Rs. 22.01 crore in September 2023. Quarterly Net Loss at Rs. 1.43 crore in September 2024 up 23.42% from Rs. 1.87 crore in September 2023. EBITDA stands at Rs. 0.08 crore in September 2024 up 133.33% from Rs. 0.24 crore in September 2023. Amit Spinning shares closed at 0.70 on August 02, 2017 (NSE) | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/mkp-mobility-standalone-september-2024-net-sales-at-rs-8-11-crore-up-32-56-y-o-y-12873301.html | MKP Mobility Standalone September 2024 Net Sales at Rs 8.11 crore, up 32.56% Y-o-Y | Reported Standalone quarterly numbers for MKP Mobility are: Net Sales at Rs 8.11 crore in September 2024 up 32.56% from Rs. 6.12 crore in September 2023. Quarterly Net Profit at Rs. 0.16 crore in September 2024 up 57.91% from Rs. 0.10 crore in September 2023. EBITDA stands at Rs. 0.33 crore in September 2024 up 312.5% from Rs. 0.08 crore in September 2023. MKP Mobility EPS has increased to Rs. 0.45 in September 2024 from Rs. 0.29 in September 2023. MKP Mobility shares closed at 230.00 on November 21, 2024 (BSE) and has given -3.44% returns over the last 6 months and 521.79% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/nagreeka-export-standalone-september-2024-net-sales-at-rs-136-98-crore-down-0-36-y-o-y-12873302.html | Nagreeka Export Standalone September 2024 Net Sales at Rs 136.98 crore, down 0.36% Y-o-Y | Reported Standalone quarterly numbers for Nagreeka Exports are: Net Sales at Rs 136.98 crore in September 2024 down 0.36% from Rs. 137.48 crore in September 2023. Quarterly Net Profit at Rs. 1.13 crore in September 2024 down 46.55% from Rs. 2.11 crore in September 2023. EBITDA stands at Rs. 6.20 crore in September 2024 down 19.48% from Rs. 7.70 crore in September 2023. Nagreeka Export EPS has decreased to Rs. 0.36 in September 2024 from Rs. 1.69 in September 2023. Nagreeka Export shares closed at 32.93 on November 19, 2024 (NSE) and has given 6.23% returns over the last 6 months and -41.67% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/markets/raymond-jumps-7-after-demerger-listing-of-realty-business-receives-no-objection-letter-from-bse-nse-12873263.html | Raymond jumps 7% after demerger, listing of realty business receives 'no objection' letter from BSE, NSE | The board had approved the demerger of Raymond and Raymond Realty on July 4, 2024.Related stories. | Shares of Raymond surged over 7 percent to Rs 1,535 apiece on November 22, following the receipt of a 'no objection' letter from BSE and NSE for the demerger and listing of its realty business, Raymond Realty. This milestone comes two months after the company completed the demerger of its lifestyle business, marking another restructuring within the Raymond Group. The board had approved the demerger of Raymond and Raymond Realty on July 4, 2024, as part of a strategy to unlock value across its businesses. Post-demerger, both entities will operate as separate listed companies. Upon receiving shareholder and regulatory approvals, Raymond Realty will be listed on the BSE and NSE, giving investors direct exposure to the company’s real estate business. As per the scheme of arrangement, 6.65 crore shares of Raymond Realty, with a face value of Rs 10 per share, will be issued to shareholders. For every share held in the parent company, shareholders will receive one share of Raymond Realty, aligning with the group’s focus on equitable value creation. ALSO READ:Nifty IT index rises 2% after US labor market data boosts sentiment The decision to demerge the realty business reflects its growing significance within the group. For FY24, Raymond Realty reported revenues of Rs 1,593 crore, showcasing 43 percent year-on-year growth, and an EBITDA of Rs 370 crore. Further cementing its position in the real estate market, Raymond Realty recently launched its first joint development agreement (JDA) project in Bandra, Mumbai, while signing three additional JDAs in Mahim, Sion, and Bandra East. Collectively, these projects contribute a revenue potential of Rs 7,000 crore in the Mumbai Metropolitan Region. Alongside the ongoing development of the Thane land parcel, Raymond Realty’s current projects, including the four JDAs, are expected to generate potential revenue of Rs 32,000 crore. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/vardhman-poly-standalone-september-2024-net-sales-at-rs-64-40-crore-down-35-99-y-o-y-12873294.html | Vardhman Poly Standalone September 2024 Net Sales at Rs 64.40 crore, down 35.99% Y-o-Y | Reported Standalone quarterly numbers for Vardhman Polytex are: Net Sales at Rs 64.40 crore in September 2024 down 35.99% from Rs. 100.60 crore in September 2023. Quarterly Net Profit at Rs. 0.63 crore in September 2024 up 101.85% from Rs. 34.07 crore in September 2023. EBITDA stands at Rs. 5.55 crore in September 2024 up 130.08% from Rs. 18.45 crore in September 2023. Vardhman Poly EPS has increased to Rs. 0.02 in September 2024 from Rs. 15.12 in September 2023. Vardhman Poly shares closed at 9.24 on November 19, 2024 (NSE) and has given -20.00% returns over the last 6 months and 46.90% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/kakatiya-tex-standalone-september-2024-net-sales-at-rs-0-59-crore-up-227-78-y-o-y-12873297.html | Kakatiya Tex Standalone September 2024 Net Sales at Rs 0.59 crore, up 227.78% Y-o-Y | Reported Standalone quarterly numbers for Kakatiya Textiles are: Net Sales at Rs 0.59 crore in September 2024 up 227.78% from Rs. 0.18 crore in September 2023. Quarterly Net Loss at Rs. 0.45 crore in September 2024 down 60.71% from Rs. 0.28 crore in September 2023. EBITDA stands negative at Rs. 0.33 crore in September 2024 down 32% from Rs. 0.25 crore in September 2023. Kakatiya Tex shares closed at 23.45 on November 21, 2024 (BSE) and has given -16.04% returns over the last 6 months and -5.33% over the last 12 months. | 2024-11-22 12:35 | 2024-11-22 | 12:35 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/pushpsons-ind-standalone-september-2024-net-sales-at-rs-1-24-crore-down-4-15-y-o-y-12873310.html | Pushpsons Ind Standalone September 2024 Net Sales at Rs 1.24 crore, down 4.15% Y-o-Y | Reported Standalone quarterly numbers for Pushpsons Industries are: Net Sales at Rs 1.24 crore in September 2024 down 4.15% from Rs. 1.30 crore in September 2023. Quarterly Net Profit at Rs. 0.08 crore in September 2024 down 58.82% from Rs. 0.21 crore in September 2023. EBITDA stands at Rs. 0.11 crore in September 2024 down 54.17% from Rs. 0.24 crore in September 2023. Pushpsons Ind EPS has decreased to Rs. 0.20 in September 2024 from Rs. 0.43 in September 2023. | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/salona-cotspin-standalone-september-2024-net-sales-at-rs-166-06-crore-down-20-5-y-o-y-12873313.html | Salona Cotspin Standalone September 2024 Net Sales at Rs 166.06 crore, down 20.5% Y-o-Y | Reported Standalone quarterly numbers for Salona Cotspin are: Net Sales at Rs 166.06 crore in September 2024 down 20.5% from Rs. 208.88 crore in September 2023. Quarterly Net Profit at Rs. 2.19 crore in September 2024 up 26.79% from Rs. 1.73 crore in September 2023. EBITDA stands at Rs. 8.28 crore in September 2024 down 19.77% from Rs. 10.32 crore in September 2023. Salona Cotspin EPS has increased to Rs. 4.16 in September 2024 from Rs. 3.28 in September 2023. Salona Cotspin shares closed at 305.85 on November 19, 2024 (NSE) and has given 0.21% returns over the last 6 months and 6.98% over the last 12 months. | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/lambodhara-text-standalone-september-2024-net-sales-at-rs-60-92-crore-up-18-01-y-o-y-12873309.html | Lambodhara Text Standalone September 2024 Net Sales at Rs 60.92 crore, up 18.01% Y-o-Y | Reported Standalone quarterly numbers for Lambodhara Textile are: Net Sales at Rs 60.92 crore in September 2024 up 18.01% from Rs. 51.62 crore in September 2023. Quarterly Net Profit at Rs. 3.18 crore in September 2024 up 415.76% from Rs. 0.62 crore in September 2023. EBITDA stands at Rs. 9.35 crore in September 2024 up 56.62% from Rs. 5.97 crore in September 2023. Lambodhara Text EPS has increased to Rs. 3.06 in September 2024 from Rs. 0.59 in September 2023. Lambodhara Text shares closed at 157.73 on November 19, 2024 (NSE) and has given 6.72% returns over the last 6 months and 4.56% over the last 12 months. | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/jayatma-industr-standalone-september-2024-net-sales-at-rs-2-47-crore-down-55-09-y-o-y-12873308.html | Jayatma Industr Standalone September 2024 Net Sales at Rs 2.47 crore, down 55.09% Y-o-Y | Reported Standalone quarterly numbers for Jayatma Industries are: Net Sales at Rs 2.47 crore in September 2024 down 55.09% from Rs. 5.50 crore in September 2023. Quarterly Net Loss at Rs. 0.13 crore in September 2024 down 904.43% from Rs. 0.02 crore in September 2023. EBITDA stands at Rs. 0.16 crore in September 2024 down 67.35% from Rs. 0.49 crore in September 2023. Jayatma Industr shares closed at 16.75 on November 21, 2024 (BSE) and has given 32.94% returns over the last 6 months and 22.17% over the last 12 months. | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/riba-textiles-standalone-september-2024-net-sales-at-rs-77-14-crore-up-18-58-y-o-y-12873312.html | Riba Textiles Standalone September 2024 Net Sales at Rs 77.14 crore, up 18.58% Y-o-Y | Reported Standalone quarterly numbers for Riba Textiles are: Net Sales at Rs 77.14 crore in September 2024 up 18.58% from Rs. 65.05 crore in September 2023. Quarterly Net Profit at Rs. 2.94 crore in September 2024 up 9.98% from Rs. 2.67 crore in September 2023. EBITDA stands at Rs. 6.64 crore in September 2024 up 15.88% from Rs. 5.73 crore in September 2023. Riba Textiles EPS has increased to Rs. 3.04 in September 2024 from Rs. 2.77 in September 2023. Riba Textiles shares closed at 88.56 on November 21, 2024 (BSE) and has given 14.91% returns over the last 6 months and 13.96% over the last 12 months. | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/stocks/sell-suprajit-engineering-target-of-rs-400-emkay-global-financial-12873270.html | Sell Suprajit Engineering; target of Rs 400: Emkay Global Financial | sell.Related stories. | Emkay Global Financial's research report onSuprajit Engineering SEL posted a ~4% miss on Consensus EBITDA estimate (excluding SCS); SCS reported a ~Rs101mn EBITDA loss. Management pointed to weak global demand across geographies (though it expects to outperform global auto growth by 5-10%; previously expected to return to double-digit growth in global business by year-end); India industry growth also seen in single digit (vs double digit as of Sep). While we expect SEL to gain from: i) Industry consolidation due to SCS acquisition and global pain in Autos, and ii) improved content per vehicle, the emerging growth (and consequent margin) challenges (largely global) prompt a sharp ~18%/23%/27% cut in FY25E/26E/27E EPS along with reduced TP multiple of 18x vs 25x earlier. Outlook We downgrade Suprajit Engineering (SEL) to SELL from Buy with revised TP of Rs 400 at 18x Sep-26E PER. For all recommendations report,click here Suprajit Engineering - 22112024 - emkay | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/titan-intech-standalone-september-2024-net-sales-at-rs-5-20-crore-down-51-24-y-o-y-12873304.html | Titan Intech Standalone September 2024 Net Sales at Rs 5.20 crore, down 51.24% Y-o-Y | Reported Standalone quarterly numbers for Titan Intech are: Net Sales at Rs 5.20 crore in September 2024 down 51.24% from Rs. 10.66 crore in September 2023. Quarterly Net Profit at Rs. 0.88 crore in September 2024 down 29.96% from Rs. 1.25 crore in September 2023. EBITDA stands at Rs. 1.86 crore in September 2024 down 12.68% from Rs. 2.13 crore in September 2023. Titan Intech EPS has decreased to Rs. 0.29 in September 2024 from Rs. 1.14 in September 2023. Titan Intech shares closed at 43.62 on November 21, 2024 (BSE) and has given -35.99% returns over the last 6 months and 18.15% over the last 12 months. | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/adhata-global-standalone-september-2024-net-sales-at-rs-0-90-crore-up-128-99-y-o-y-12873305.html | ADHATA GLOBAL Standalone September 2024 Net Sales at Rs 0.90 crore, up 128.99% Y-o-Y | Reported Standalone quarterly numbers for ADHATA GLOBAL are: Net Sales at Rs 0.90 crore in September 2024 up 128.99% from Rs. 0.39 crore in September 2023. Quarterly Net Loss at Rs. 0.67 crore in September 2024 down 141.74% from Rs. 0.28 crore in September 2023. EBITDA stands negative at Rs. 0.59 crore in September 2024 down 227.78% from Rs. 0.18 crore in September 2023. ADHATA GLOBAL shares closed at 11.03 on November 18, 2024 (BSE) | 2024-11-22 12:34 | 2024-11-22 | 12:34 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/mudunuru-standalone-september-2024-net-sales-at-rs-1-18-crore-up-333-26-y-o-y-12873314.html | Mudunuru Standalone September 2024 Net Sales at Rs 1.18 crore, up 333.26% Y-o-Y | Reported Standalone quarterly numbers for Mudunuru are: Net Sales at Rs 1.18 crore in September 2024 up 333.26% from Rs. 0.27 crore in September 2023. Quarterly Net Loss at Rs. 0.40 crore in September 2024 up 53.48% from Rs. 0.86 crore in September 2023. EBITDA stands negative at Rs. 0.14 crore in September 2024 up 80.28% from Rs. 0.71 crore in September 2023. Mudunuru shares closed at 7.39 on November 18, 2024 (BSE) | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/mohite-ind-standalone-september-2024-net-sales-at-rs-41-97-crore-up-144-67-y-o-y-12873316.html | Mohite Ind Standalone September 2024 Net Sales at Rs 41.97 crore, up 144.67% Y-o-Y | Reported Standalone quarterly numbers for Mohite Industries are: Net Sales at Rs 41.97 crore in September 2024 up 144.67% from Rs. 17.15 crore in September 2023. Quarterly Net Profit at Rs. 0.57 crore in September 2024 up 7.63% from Rs. 0.53 crore in September 2023. EBITDA stands at Rs. 5.81 crore in September 2024 down 4.28% from Rs. 6.07 crore in September 2023. Mohite Ind EPS has increased to Rs. 0.28 in September 2024 from Rs. 0.26 in September 2023. Mohite Ind shares closed at 88.65 on November 21, 2024 (BSE) and has given 75.13% returns over the last 6 months and 177.90% over the last 12 months. | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/oripro-standalone-september-2024-net-sales-at-rs-1-18-crore-up-333-26-y-o-y-12873315.html | Oripro Standalone September 2024 Net Sales at Rs 1.18 crore, up 333.26% Y-o-Y | Reported Standalone quarterly numbers for Oripro are: Net Sales at Rs 1.18 crore in September 2024 up 333.26% from Rs. 0.27 crore in September 2023. Quarterly Net Loss at Rs. 0.40 crore in September 2024 up 53.48% from Rs. 0.86 crore in September 2023. EBITDA stands negative at Rs. 0.14 crore in September 2024 up 80.28% from Rs. 0.71 crore in September 2023. Oripro shares closed at 3.55 on October 31, 2014 (BSE) | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/akshar-spintex-standalone-september-2024-net-sales-at-rs-23-19-crore-down-46-76-y-o-y-12873318.html | Akshar Spintex Standalone September 2024 Net Sales at Rs 23.19 crore, down 46.76% Y-o-Y | Reported Standalone quarterly numbers for Akshar Spintex are: Net Sales at Rs 23.19 crore in September 2024 down 46.76% from Rs. 43.57 crore in September 2023. Quarterly Net Loss at Rs. 1.60 crore in September 2024 down 278.06% from Rs. 0.90 crore in September 2023. EBITDA stands negative at Rs. 0.90 crore in September 2024 down 133.58% from Rs. 2.68 crore in September 2023. Akshar Spintex shares closed at 0.70 on November 21, 2024 (NSE) and has given -72.55% returns over the last 6 months and -87.99% over the last 12 months. | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/dnl-standalone-september-2024-net-sales-at-rs-255-72-crore-down-13-1-y-o-y-12873317.html | DNL Standalone September 2024 Net Sales at Rs 255.72 crore, down 13.1% Y-o-Y | Reported Standalone quarterly numbers for DCM NOUVELLE LIMITED are: Net Sales at Rs 255.72 crore in September 2024 down 13.1% from Rs. 294.27 crore in September 2023. Quarterly Net Profit at Rs. 11.79 crore in September 2024 up 392.56% from Rs. 4.03 crore in September 2023. EBITDA stands at Rs. 17.07 crore in September 2024 up 195.84% from Rs. 5.77 crore in September 2023. DNL EPS has increased to Rs. 6.31 in September 2024 from Rs. 2.16 in September 2023. DNL shares closed at 183.09 on November 19, 2024 (NSE) and has given -9.54% returns over the last 6 months and 0.82% over the last 12 months. | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/bsl-standalone-september-2024-net-sales-at-rs-178-06-crore-down-0-35-y-o-y-12873320.html | BSL Standalone September 2024 Net Sales at Rs 178.06 crore, down 0.35% Y-o-Y | Reported Standalone quarterly numbers for BSL are: Net Sales at Rs 178.06 crore in September 2024 down 0.35% from Rs. 178.69 crore in September 2023. Quarterly Net Profit at Rs. 2.52 crore in September 2024 up 0.12% from Rs. 2.52 crore in September 2023. EBITDA stands at Rs. 15.71 crore in September 2024 down 2.12% from Rs. 16.05 crore in September 2023. BSL EPS has decreased to Rs. 2.45 in September 2024 from Rs. 2.45 in September 2023. BSL shares closed at 221.75 on November 19, 2024 (NSE) and has given 24.19% returns over the last 6 months and 24.51% over the last 12 months. | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/axita-cotton-standalone-september-2024-net-sales-at-rs-129-89-crore-down-66-59-y-o-y-12873319.html | Axita Cotton Standalone September 2024 Net Sales at Rs 129.89 crore, down 66.59% Y-o-Y | Reported Standalone quarterly numbers for Axita Cotton are: Net Sales at Rs 129.89 crore in September 2024 down 66.59% from Rs. 388.78 crore in September 2023. Quarterly Net Profit at Rs. 0.63 crore in September 2024 down 90.37% from Rs. 6.51 crore in September 2023. EBITDA stands at Rs. 1.07 crore in September 2024 down 88.34% from Rs. 9.18 crore in September 2023. Axita Cotton EPS has decreased to Rs. 0.02 in September 2024 from Rs. 0.33 in September 2023. Axita Cotton shares closed at 12.42 on November 19, 2024 (NSE) and has given -24.54% returns over the last 6 months and -20.18% over the last 12 months. | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/deepak-spinners-standalone-september-2024-net-sales-at-rs-131-25-crore-down-1-4-y-o-y-12873321.html | Deepak Spinners Standalone September 2024 Net Sales at Rs 131.25 crore, down 1.4% Y-o-Y | Reported Standalone quarterly numbers for Deepak Spinners are: Net Sales at Rs 131.25 crore in September 2024 down 1.4% from Rs. 133.12 crore in September 2023. Quarterly Net Loss at Rs. 3.47 crore in September 2024 down 236.61% from Rs. 2.54 crore in September 2023. EBITDA stands at Rs. 2.37 crore in September 2024 down 72.91% from Rs. 8.75 crore in September 2023. Deepak Spinners shares closed at 179.85 on November 21, 2024 (BSE) and has given -21.27% returns over the last 6 months and -28.93% over the last 12 months. | 2024-11-22 12:33 | 2024-11-22 | 12:33 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/garware-technic-standalone-september-2024-net-sales-at-rs-405-09-crore-up-26-27-y-o-y-12873322.html | Garware Technic Standalone September 2024 Net Sales at Rs 405.09 crore, up 26.27% Y-o-Y | Reported Standalone quarterly numbers for Garware Technical Fibres are: Net Sales at Rs 405.09 crore in September 2024 up 26.27% from Rs. 320.80 crore in September 2023. Quarterly Net Profit at Rs. 64.01 crore in September 2024 up 34.66% from Rs. 47.53 crore in September 2023. EBITDA stands at Rs. 98.32 crore in September 2024 up 35.11% from Rs. 72.77 crore in September 2023. Garware Technic EPS has increased to Rs. 32.13 in September 2024 from Rs. 23.33 in September 2023. Garware Technic shares closed at 4,589.65 on November 19, 2024 (NSE) and has given 41.30% returns over the last 6 months and 42.54% over the last 12 months. | 2024-11-22 12:31 | 2024-11-22 | 12:31 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/swasti-vinayaka-standalone-september-2024-net-sales-at-rs-8-40-crore-up-18-59-y-o-y-12873323.html | Swasti Vinayaka Standalone September 2024 Net Sales at Rs 8.40 crore, up 18.59% Y-o-Y | Reported Standalone quarterly numbers for Swasti Vinayaka Synthetics are: Net Sales at Rs 8.40 crore in September 2024 up 18.59% from Rs. 7.09 crore in September 2023. Quarterly Net Profit at Rs. 0.58 crore in September 2024 up 1.43% from Rs. 0.57 crore in September 2023. EBITDA stands at Rs. 0.94 crore in September 2024 up 20.51% from Rs. 0.78 crore in September 2023. Swasti Vinayaka EPS has decreased to Rs. 0.07 in September 2024 from Rs. 0.07 in September 2023. Swasti Vinayaka shares closed at 6.84 on November 21, 2024 (BSE) and has given -4.74% returns over the last 6 months and 1.33% over the last 12 months. | 2024-11-22 12:31 | 2024-11-22 | 12:31 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/sri-ramakrishna-standalone-september-2024-net-sales-at-rs-16-15-crore-up-15-91-y-o-y-12873324.html | Sri Ramakrishna Standalone September 2024 Net Sales at Rs 16.15 crore, up 15.91% Y-o-Y | Reported Standalone quarterly numbers for Sri Ramakrishna Mills (Coimbatore) are: Net Sales at Rs 16.15 crore in September 2024 up 15.91% from Rs. 13.93 crore in September 2023. Quarterly Net Loss at Rs. 0.90 crore in September 2024 down 129.15% from Rs. 3.08 crore in September 2023. EBITDA stands at Rs. 0.18 crore in September 2024 down 96.49% from Rs. 5.13 crore in September 2023. Sri Ramakrishna shares closed at 73.82 on November 21, 2024 (BSE) and has given 31.56% returns over the last 6 months and 125.68% over the last 12 months. | 2024-11-22 12:31 | 2024-11-22 | 12:31 |
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moneycontrol.com | https://www.moneycontrol.com/news/business/markets/brokerages-bullish-on-reliance-industries-as-refining-margins-improve-see-36-upside-12873232.html | Brokerages bullish on Reliance Industries as refining margins improve, see 36% upside | Reliance Industries shares have traded flat over the past year..Related stories. | International brokerages Morgan Stanley and JPMorgan reaffirmed their bullishness on diversified conglomerate Reliance Industries, reiterating 'overweight' tags, as the petrochemical producer saw its refining margins improve. According to JPMorgan, one of two drivers of Reliance Industries' recent underperformance was the weak refining margins, but the trend is now reversing. The second driver is lower sales growth on the retail front. Morgan Stanley concurred with the view, stating that the margins are starting to see recovery after two tough quarters. On the global front, around 600,000 barrels per day of refining capacity are expected to shut down in 2025. As a result, Morgan Stanley sees Reliance Industries' free cash flow engine to pick up pace on tighter global supply and improving margins. Morgan Stanley reiterated its target price of Rs 1,662 per share, which indicates an upside of around 36 percent, while JPMorgan sees Reliance Industries shares at Rs 1,468 apiece. At 12 noon,Reliance Industriesshares rose 1.2 percent to Rs 1,237.5 on the NSE. Follow our live blog to catch all the updates The outlook for Reliance Industries' new energy arm is improving as well, since China has tightened new solar panel capacity production. JPMorgan added that the start of RIL's solar power plants could be a modest near-term catalyst. Even though Reliance Industries has seen a $50 billion reduction in its market capitalisation during Q4, according to Morgan Stanley, the stock price is only reflecting the potential challenges across various business segments but not factoring in the potential improvements undertaken. | 2024-11-22 12:30 | 2024-11-22 | 12:30 |