Page 7 - Indian Markets

Dixon hits 52-week low before closing 19.19% down on poor Q3 show

Cuts FY23 guidance, but expects sales to improve in FY24

Anupam Rasayan net profit jumps 43.61% to Rs 54.43 crore in Dec qtr

Chemicals maker Anupam Rasayan India Ltd on Friday posted a 43.61 per cent jump in its consolidated net profit to Rs 54.43 crore in the third quarter of the current fiscal. The company's net profit stood at Rs 37.90 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total revenue on a consolidated basis increased to Rs 388.78 crore during October-December quarter of 2022-23 from Rs 271.12 crore in the year-ago period. Expenses remained higher at Rs 313.45 crore as against 211.80 crore in the said period. Commenting on the performance, Anupam Rasayan Managing Director Anand Desai said: ...despite unavailability of the certain capacities during the quarter, we were able to deliver growth on YoY basis. If you adjust the deferred revenue due to capacity constrain then our growth would have been around 25 per cent during the quarter." On January 4, the company restarted operations in one of its two plants post receipt of revocation of closure order. Wit

Hyundai motors Q4 net profit more than doubles on improved chip supplies

Hyundai Motor said on Thursday that its fourth-quarter net profit more than doubled from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won

TMS Ep355: Pathaan movie, women in JEE-Mains, markets, disgorgement order

What explains Pathaan's blockbuster opening? What does higher female participation in JEE-Mains tell us? How to position your trade ahead of the Budget? What is a disgorgement order? All answers here

India should consider reducing 1% TDS rate on cryptocurrency trade: Report

India should consider lowering the 1 per cent TDS on crytocurrency trade as a high rate is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market, a report said on Tuesday. The 'Impact Assessment of 1 per cent TDS on VDAs' report by Chase India and Indus Law said the crypto platforms/exchanges must also perform customer due diligence which can help uncover any potential future risk. "The existing 1 per cent TDS on crypto trade, combined with the absence of comprehensive regulations, is causing a flight of capital and users to platforms in foreign jurisdictions and the grey market," it said. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Tether and Dogecoin. Also, to keep a tab on the money trail, a 1 per cent TDS has been brought in on payments over Rs 10,000 towards virtual digital ...

Most of the upside will come from earnings growth: Herald Van Der Linde

"We expect a lot to go in the right direction for India. These include bad loans declining, consumption recovering, and investments rising"

Street Signs: Budget may provide breakout trigger, electronics stock & more

The markets on a technical basis are poised to break out in either direction

FPIs pull out Rs 15,236 crore from equities in Jan as China reopens

The outflow in January came following a net inflow of Rs 11,119 crore in December and Rs 36,239 crore in November

Sensex sheds 237 pts dragged by HUL, RIL, Infosys; Nifty ends below 18,050

Closing Bell: Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 per cent

India likely to keep lid on sugar exports as output dips: Reports

India is not looking at allowing more sugar exports, government and industry officials said on Thursday

Rs 20,000-cr Adani Enterprises FPO opens on Jan 27: Should you subscribe?

Shares of Adani Enterprises have soared 78.41 per cent so far this fiscal year (FY23), as against 4.2 per cent rise in the S&P BSE Sensex

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150

Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent

Rebound in power demand to fire up related stks over medium-term: Analysts

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows

Indices drop for the third straight day; Sensex declines 147 points

The 30-share BSE Sensex declined by 147.47 points or 0.25 per cent to settle at 59,958.03. During the day, it declined 473.18 points or 0.78 per cent to 59,632.32

Paytm shares slip over 6% after Alibaba sells direct stake via block deal

However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company

In a first, India among the top five ECM markets globally in 2022

Interestingly, in 2022 India also broke into the top-five league in terms of market capitalization

Sah Polymers shares settle over 37% higher in debut trade: Report

Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. Later, it rallied 37.30 per cent to settle at Rs 89.25 apiece. On the NSE, the shares began the trade at Rs 85 and finally ended at Rs 89.25 each. In volume terms, 4.16 lakh shares of the firm were traded on the BSE and 41.82 lakh shares on the NSE during the day. The Udaipur-based company provides tailored bulk packaging solutions to business-to-business producers in a variety of industries, including agro pesticides, basic drugs, cement, chemicals, fertilisers, food products, textiles, ceramics, and steel. Meanwhile, in the broader market, the 30-share BSE benchmark ended 147.47 points or 0.25 per cent lower at 59,958.03. The initial public offer of Sah Polymers was subscribed 17.46 times last week. The initial share-sale had a price range for

Kamdhenu Ventures to list on stock exchanges this month: Group CMD

Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month. The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. There are plans to raise Rs 200 crore through multiple routes and expand the paints business post listing, the CMD said. The group also aims to garner a revenue of Rs 1,000 crore from the paints segment over the next five years, he said. "Kamdhenu Ventures has also issued 2,69,35,500 shares of Rs 5 each in the ratio of 1:1 towards the consideration for demerger to the shareholders of Kamdhenu Ltd having shares on 7th September 2022 being the record date," Group CFO Harish Agarwal said. The new venture had received the in-principle approval for listing from the BSE and NSE in November 2022, the CFO said. Kamdhenu has its paint manufacturing plant at Chopanki in

Made-in-India brands under one umbrella, announces Bacardi in India

Ranbir Kapoor to symbolise this platform; comes as a celebration of those disruptors, innovators, and changemakers who are on their journey to build their legacy as they pave their route to success

India emerges as a bright spot amid global IPO market slump: EY report

As per the EY (Ernest and Young) report, when the total number of EMEIA IPOs fell by 53 per cent and the amount raised plummeted by 55 per cent, the number of Indian IPOs increased from 134 to 138