The stock after three years of corrective decline from the all-time high of September 2017 (Rs 222) has recently registered a resolute breakout above the long term falling supply line joining the highs of the last three years signaling a structural turnaround and offers a fresh entry opportunity
Godrej Agrovet Limited has made additional investment aggregating to Rs14.99cr in the Equity Share Capital of Godrej Maxximilk Private Limited (GMPL), by way of subscription to preferential issue and accordingly, has been allotted 4,41,176 equity shares of the face value of Rs10/- each of GMPL on June 24, 2021.
The company had informed on June 22, 2021, that the...
Q4FY21 revenue/EBITDA at Rs 7.8/ 5.5 bn were largely in line with our estimates (Rs 8/5.4 bn) but above consensus (Rs 7.7/5.2 bn). Advertisement revenue rose ~7% y-o-y (-11% vs Q4FY19), weaker than peer Zee (~9% y-o-y, -8% vs Q4FY19). Subscriptions rose ~7% y-o-y. But, DPS of only Rs 5 (~13% payout) in FY21 vs Rs 25 (72% payout) in FY20 and no buy-back...
Nifty is about to reach its 1.618 extension level placed at 15894.
Previous 2 corrections in 2015 and 2020 has happened at 1.618 extension level
Can expect a major profit booking around 15894 to 16200
Plan your investments accordingly!!!
Net sales surged 33.52% to Rs 296.08 crore in Q4 FY21 as against Rs 221.74 crore in Q4 FY20. Pre-tax profit stood at Rs 28.47 crore in Q4 FY21 as against a pre-tax loss of Rs 3.18 crore in Q4 FY20. EBITDA stood at Rs 38.90 crore in Q4 FY21 as against Rs 3.80 crore in Q4 FY20. EBITDA margin improved to 13.1% in Q4 March 2021 from 1.7% in Q4 March 2020.
Net sales during the quarter rose 17.18% year-on-year (YoY) to Rs 127.70 crore. Profit before tax in Q4 March 2021 stood at Rs 53.61 crore, up by 124.78% from Rs 23.85 crore in Q4 March 2020.
Tax expense in the fourth quarter rose by 35.80% to Rs 8.27 crore from Rs 6.09 crore recorded in the same period last year.
The company's net profit increased by 18.02% to...
MOIL Limited has reduced prices of Manganese Ore and other products by 5% from May 1, 2021.
“In line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from May 1, 2021, as under,” the company said in a regulatory filing...
FMCG sector has highly underperformed in recent bull run and sooner it will be catching up with the market gains
HUL is forming a ascending triangle pattern on weekly time frame ,go long on break above the 2500 for a target of 3200