Facor Alloys reported a significant decrease in its quarterly standalone net sales and profits in December 2023 compared to the same period in 2022. The company also saw a negative EBITDA and a decrease in stock prices. On a positive note, the company has given decent returns over the last 6 and 12 months. Promoters and promoter group shareholding information is not available at this time.
Open FlipPesti and Brew reported standalone quarterly numbers for December 2023, with a net sales of Rs. 10.27 crore, down 39.96% from December 2022. They also saw a decrease in net loss of 121.61%, with an EBITDA loss of Rs. 0.45 crore. The company's expenses included a consumption of raw materials, purchase of traded goods, and other expenses.
Open FlipImpex Ferro Tech reported a 89.35% decrease in net sales and a 12.88% increase in net loss for the December 2023 quarter compared to previous year. EBITDA also increased by 16.95%, but remained negative. The company's stock has seen a 81.25% return in both the last 6 months and 12 months. The standalone quarterly results show a decrease in income, an increase in expenses, and a negative profit.
Open FlipMaitri Enterprises reported strong standalone quarterly results for December 2023, with net sales increasing by 147.36% and net profit increasing by 1504.67% compared to the same period in December 2022. EBITDA also showed a significant increase of 780%. The company's EPS has increased to Rs. 0.39 from Rs. 0.02. Maitri shares have also performed well.
Open FlipKerala Ayurveda reported its standalone quarterly results for December 2023. The company had a net sales of Rs. 17.28 crore, an increase of 5.18% from the previous year. It also had a net loss of Rs. 0.27 crore, down by 117.02% from the previous year. EBITDA stood at Rs. 0.54 crore, a 3.85% increase from the previous year.
Open FlipCapfin India reported a decrease in net sales and an increase in net loss for the quarter ended December 2023 compared to the same period in 2022. EBITDA also remained negative. Share prices on Feb 15, 2024 were at 495.45 (BSE), with a 901.52% return in the last 6 months. The company's expenses included employee costs and other expenses such as depreciation.
Open FlipReported Standalone quarterly numbers for GRP are: Net Sales at Rs 109.67 crore in December 2023 down 4.13% from Rs. 114.40 crore in December 2022. Quarterly Net Profit at Rs. 4.62 crore in December 2023 up 16.91% from Rs. 3.95 crore in December 2022. EBITDA stands at Rs. 11.14 crore in December 2023 up 29.08% from Rs. 8.63 crore in December 2022.
Open FlipMahindra and Mahindra (M&M) reported a strong 15% YoY growth in its standalone EBITDA for Q3, beating estimates. While concerns remain over contracted margins in the farm and auto segments, brokerages remain bullish on the company, leading to an 8% stock surge in 2 days. Tractor demand is slowing down after a prolonged upcycle.
Open FlipThe pharma sector saw strong performance on D-St, with Nifty Pharma Index up by more than 2%. Stocks like Natco Pharma, Glenmark and IPCA Labs performed well due to strong Q3 earnings, an optimistic outlook, and recent news developments. Natco Pharma's share price soared following a raised profit after tax guidance, while Glenmark Pharma predicted improved EBITDA and margins in upcoming quarters.
Open FlipIndia has started buying Russian Sokol oil again after a two-month hiatus, with at least two refiners receiving deliveries in February. This comes after Indian state refiners were advised against using Chinese yuan to pay for Russian oil due to strained relations between the two countries. Russia plans to sell Sokol oil through trading firms to reduce floating stocks in the Pacific.
Open FlipITC shares struggled to stay above the Rs 400 mark as British American Tobacco (BAT) plans to sell a 4 percent stake, putting pressure on the stock in the short term. However, this could create an opportunity for investors due to ITC's strong brand presence and growth in its FMCG business. BAT is facing regulatory hurdles in finding buyers for these shares, limiting their options.
Open FlipThe stock price of Borosil Renewables, a solar glass manufacturer and a subsidiary of the Borosil group, rose by 11% during today's intraday trade, reaching ₹598.65 per share. This surge was triggered by India launching an anti-dumping investigation on specific solar glass imports from China and Vietnam, following complaints from domestic players.
Open FlipPharma stocks, including Natco, Glenmark, and Aurobindo Pharma, saw strong gains on February 16 thanks to Q3 results and a positive outlook. Natco saw a 14% increase, hitting a 52-week high after reporting a three-fold rise in net profit. Nuvama maintains a 'buy' call due to the company's focus on complex formulations and potential growth in international markets.
Open FlipLorenzini Apparels Ltd, a small-cap company in the Indian stock market, has seen a surge of over 425% in its share prices in the last one year. The company's board has announced the issuance of bonus shares and a stock split in the ratio of 6:11 and 1:10 respectively. This means eligible shareholders will receive six bonus shares for every 11 they hold.
Open FlipGoldman Sachs India economist predicts economic growth in India of over 6% for the next decade, driven by increased investments from China. The country's demographics, government spending, and domestic demand make it an attractive investment destination. Despite slightly lower growth forecast for the next fiscal year, the central bank believes India has a potential growth rate of 7%.
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