Arm Holdings, a British semiconductor designer, saw its shares double from February 5th to 12th due to speculation about its involvement in the AI boom. However, Arm does not directly produce the highly sought-after AI chips like Nvidia does. Its designs are primarily used in more general-purpose CPUs, so its success in the AI market may take time to materialize.
Open FlipThe Indian government has extended the ban on onion exports until March 31, 2024 to increase domestic availability and control prices. This decision comes after a previous ban in August 2023 and a subsidised sale of buffer onion stock in October 2023. The ban is likely to continue even after March 31, as rabi onion production is expected to be lower in key growing states like Maharashtra.
Open FlipShares of One97 Communications rose 5% and hit the upper circuit for the third day in a row. The Enforcement Directorate (ED) has not found any violations of foreign exchange rules by Paytm Payments Bank Ltd, but did discover lapses in KYC norms and generation of suspicious transaction reports. This comes after the RBI ordered PPBL to cease operations due to alleged rule violations.
Open FlipReported Consolidated quarterly numbers for Varroc Engineering are: Net Sales at Rs 1,884.59 crore in December 2023 up 9.78% from Rs. 1,716.77 crore in December 2022. Quarterly Net Profit at Rs. 382.69 crore in December 2023 up 1775.54% from Rs. 20.40 crore in December 2022. EBITDA stands at Rs. 184.52 crore in December 2023 up 28.32% from Rs. 143.80 crore in December 2022.
Open FlipZydus Wellness reported a decrease in net sales and profits for the quarter ending December 2023 compared to the same period in 2022. EBITDA also decreased, leading to a decrease in EPS. Shares closed at 1,597.55 and have given positive returns over the past 6 months and 12 months. The expenditure for the quarter included raw materials, administrative and selling expenses, and depreciation.
Open FlipMotilal Oswal Financial Services has maintained a "Buy" rating on Coal India's stock with a target price of Rs 520, citing the company's potential for future growth opportunities. While revenue estimates for FY26 have been raised by 1%, operating profit and net profit estimates have been raised by 8% and 7% respectively. The broker also noted India's lagging renewable energy target for FY30.
Open FlipInvesting in bond funds for your pension may be a risky move, as shown by the Bank of England's troubles. The low risk associated with government bonds only applies if you hold them to maturity; otherwise, selling before maturity can lead to major losses. This risk is heightened during interest rate changes, making bonds less valuable for diversification.
Open FlipNahar Industrial Enterprises reported a decrease in net sales, net profit, and EBITDA for the quarter ending in December 2023 compared to the same period in 2022. The company's EPS also decreased from Rs. 2.46 to Rs. 1.16. However, its shares closed at Rs. 137.80 and have shown positive returns of 22.43% and 58.94% over the last 6 months and 12 months, respectively.
Open FlipReported Consolidated quarterly numbers for Lumax Industries are: Net Sales at Rs 631.72 crore in December 2023 up 9.03% from Rs. 579.42 crore in December 2022. Quarterly Net Profit at Rs. 25.58 crore in December 2023 down 13.4% from Rs. 29.54 crore in December 2022. EBITDA stands at Rs. 59.76 crore in December 2023 up 4.99% from Rs. 56.92 crore in December 2022.
Open FlipReported Consolidated quarterly numbers for Jayant Agro-Organics are: Net Sales at Rs 428.88 crore in December 2023 down 18.32% from Rs. 525.05 crore in December 2022. Quarterly Net Profit at Rs. 9.52 crore in December 2023 up 108.5% from Rs. 4.56 crore in December 2022. EBITDA stands at Rs. 18.31 crore in December 2023 up 34.43% from Rs. 13.62 crore in December 2022.
Open FlipBajaj Hindusthan Sugar reported a strong financial performance in the December 2023 quarter, with net sales up by 21.65% and net profit up by 134.74% compared to the same period in 2022. The company's EBITDA also increased by 27.11%. The stock has shown significant growth, with returns of 77.86% over the last 6 months and 185.11% over the last 12 months.
Open FlipReported Consolidated quarterly numbers for Remsons Industries are: Net Sales at Rs 82.22 crore in December 2023 up 8.78% from Rs. 75.59 crore in December 2022. Quarterly Net Profit at Rs. 3.41 crore in December 2023 up 66.28% from Rs. 2.05 crore in December 2022. EBITDA stands at Rs. 9.46 crore in December 2023 up 33.24% from Rs. 7.10 crore in December 2022.
Open FlipNRL, a subsidiary of state-run Oil India Limited, plans to go public in the next two years to support their net-zero emissions goals. They are also expanding their capacity and setting up a bio-refinery using bamboo as feedstock. This, along with their recent successful project of linking Lakhimpur and Majuli through HDD for their crude oil pipeline, makes it an ideal time for an IPO.
Open FlipReported Consolidated quarterly numbers for KCP are: Net Sales at Rs 777.12 crore in December 2023 up 41.07% from Rs. 550.87 crore in December 2022. Quarterly Net Profit at Rs. 70.07 crore in December 2023 up 5121.14% from Rs. 1.40 crore in December 2022. EBITDA stands at Rs. 135.84 crore in December 2023 up 494.75% from Rs. 22.84 crore in December 2022.
Open FlipPPAP Automotive reported its quarterly results, with net sales down 3.75% and a net loss of Rs. 2.67 crore in December 2023. However, EBITDA showed a 4.11% increase compared to the previous quarter. Its shares closed at Rs. 215.30 on February 19, 2024 and have shown a 1.01% return over the last 6 months and 9.93% over the last 12 months.
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