Explained: Why Aarti industries shares dropped 15% today
Shares of Aarti industries ended the day at Rs 621.50, marking a 15.40% loss. Key Points
India TodaySAT industries Q4 Results Live : profit falls by 38.13% YOY
SAT industries Q4 Results Live : Revenue increased by 7.8% YoY & profit decreased by 38.13% YoY Key Points
mintKesoram industries Q4 Results Live : loss rise by 835.4% YOY
Kesoram industries Q4 Results Live : Revenue increased by 1.72% YoY & loss increased by 835.4% YoY Key Points
mintKiren Rijiju takes additional charge of food processing industries ministry
New Delhi, Mar 20 (PTI) Earth Sciences Minister Kiren Rijiju on Wednesday took additional charge as the Union Minister of Food Processing Industries. Earlier in the day, President Droupadi Murmu accepted the resignation of Union Food Processing industries Minister Pashupati Kumar Paras. After this, Rijiju was given the additional charge of the Ministry of Food […] Key Points
ThePrintPlatinum industries IPO Day 3: Check latest subscription details, GMP
The Platinum industries IPO, valued at Rs 235.32 crores, comprises fresh shares totalling 1.38 crore, with subscription starting on February 27, 2024, and closing on February 29, 2024. Key Points
India Today
Platinum industries IPO day 2: Check latest subscription details, GMP
The Platinum industries IPO, valued at Rs 235.32 crores, comprises fresh shares totalling 1.38 crore, with subscription starting on February 27, 2024, and closing on February 29, 2024. Key Points
India TodayPlatinum industries IPO day 1: Check latest subscription details, GMP
The Platinum industries IPO, valued at Rs 235.32 crores, comprises fresh shares totalling 1.38 crore, with subscription starting on February 27, 2024, and closing on February 29, 2024. Key Points
India TodayPlatinum industries IPO: All you need to know
Platinum Industries, specialising in stabilisers, is set for its Rs 235.32 crore IPO debut with 1.38 crore fresh shares opening on February 27, 2024. Key Points
India TodayQ3 Preview: PI industries preferred pick of Jefferies from chemical sector; Anupam Rasayan to see strong recovery
Q3 Results Preview: Amidst weak expectations from chemical sector during the quarter, PI industries remains preferred pick of Jefferies on volume outlook, valuations. Anupam Rasayan may see see strong recovery during the quarter while Navin Fluorine may see sequential recovery on HPP plant ramp-up. Key Points
mintAlok industries jumps 20% after RIL invests Rs 3,300 crore
RIL is a promoter and holds 40.01% of equity share capital of Alok Industries. The company was acquired by Reliance and JM Financial ARC in 2019 under the corporate insolvency resolution process. Key Points
Economic TimesEight core industries grew at slowest pace in six months in November
New Delhi [India], December 29 (ANI): India’s eight core industries continued to grow, but at the slowest pace since May this year, official data showed. The index of eight core industries rose 7.8 per cent in November, as against 12 per cent in the preceding month of October, according to Ministry of Commerce and Industry […] Key Points
ThePrintIndia's key infra sectors' growth slows to 7.8% in Nov from 12.1% in Oct
In November, India's eight key infrastructure sectors witnessed a year-on-year growth of 7.8%, down from the previous month's 12.1%, according to the Ministry of Commerce & Industry. The Eight Core industries (ICI) index had grown by 5.7% in November 2022. Positive growth was observed in coal, electricity, fertilizers, natural gas, refinery products, and steel. Key Points
Economic TimesIndia's eight core sectors' output grows by 8.1 pc in September 2023
New Delhi [India], October 31 (ANI): The combined Index of Eight Core industries (ICI) increased by 8.1 per cent (provisional) in September 2023 as compared to the Index of September 2022, said an official statement from the Ministry of Commerce and Industry on Tuesday. The production of Coal, Steel, Electricity, Natural Gas, Refinery Products, Cement, […] Key Points
ThePrintAeroflex industries IPO opens. Should you subscribe to the issue?
Aeroflex industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses. The company has grown at more than 37% revenue CAGR in the last three years, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating approximately 32% ROCE. Key Points
Economic TimesRoper Technologies raises 2023 profit forecast on increased software adoption
Industrial software maker Roper Technologies (ROP.O) raised its annual profit forecast on Friday on robust demand for software, as automation adoption grows across industries grappling with labor shortages. Key Points
Reuters
Vivanta industries Q1 results: Strong Q1 performance with robust sales and impressive growth in net income
Vivanta industries reported Q1 sales of INR 140.84 million, with revenue doubling YoY. The company's stock price has soared, driven by growth, booming construction industry, and aggressive expansion. Net income was INR 3.29 million. BSE Vivanta industries is expected to continue growing. Key Points
mintPage industries share price tanks 13% after Q4 net profit falls 59%; Should you buy, sell, hold?
Page industries stock plunged 13% on Friday. The company’s shares have fallen over 12% in the past one month, and nearly 14% in the past one year. Key Points
Financialexpress10 Quotes by Mukesh Ambani on Entrepreneurship and Innovation
Indian billionaire Mukesh Dhirubhai Ambani is the heir to the Reliance industries empire. He is the chairman and managing director of Reliance industries and the eldest son of Dhirubhai Ambani. Key Points
Times of IndiaSmall cap stock declares ₹7 per share dividend, scrip trading at a dividend yield of 4.39%, FIIs stake plummets in Q3
With a market valuation of Rs. 591.44 Cr., Visaka industries is a small-cap company with operations in the commodity sector. Key Points
mintFive bidders in race for textile manufacturer Sumeet Industries
These bidders are UP-based Bhola Ram Papers & Power, Bhilosa industries and Bhumi Tex industries of Mumbai, Gujarat's Eagle Group and Silvassa-based Geelon Industries, said people in the know. Two large companies - Reliance industries and Kolkata-based Chatterjee Group company MCPI - have not submitted bids after earlier expressing interest in buying Sumeet Industries. Key Points
Economic Times
Small auto ancillary stock trading 107% above 52-week-low declares ₹27 per share dividend: Do you own?
The D.K. Jain Group's flagship firm Lumax industries Limited is India's most established and innovative operator in the automotive lighting business. Key Points
mintPlatinum industries CMD on IPO, sustaining financials, and ambitious expansion plans
Platinum Industries' IPO brings confidence and success amidst market conditions. Expansion plans, sustainability, and innovation drive the company's financial growth. New manufacturing facilities, diverse product portfolio, and strategic investments position Platinum industries as a global leader in the PVC industry. Chairman Krishna Dushyant Rana says Platinum industries was born out of a vision to redefine the landscape of the PVC industry in India. Key Points
Economic TimesReliance industries M-cap tops Rs 21 lakh-crore mark amid rally in shares
So far this year, shares of Reliance industries have jumped 21.16 per cent on BSE. Shares of Reliance industries climbed over 2 per cent on Friday, taking its... Key Points
The Tribune IndiaPlatinum industries to debut tomorrow. What GMP signals ahead of listing
The shares of Platinum Industries, a leading manufacturer of specialty chemicals, are expected to see a strong listing at the bourses on Tuesday. Ahead of the debut, the company's shares are trading with a premium of Rs 85 in the unlisted market. Key Points
Economic TimesLoss due to Cyclone Michaung expected to be over Rs 11,000 crore
K. E. Raghunathan said the estimate has been segregated into business loss due to production being stopped, machinery or asset loss and material loss. Raghunathan said the population in KTCC (Kanchipuram, Tiruvallur, Chennai and Chengalpattu districts) in Tamil Nadu alone is assumed to be 1.75 crore with over 3.50 lakh industries spread over 12 SIDCO/SIPCOT constructed industrial estates at Kakkalur, Thirumalisai, Gummidipoondi, Ambattur, Guindy, Thirumudiwakkom, Oragadam, Siruseri, Sriperumbudur, Kanchipuram, Kodungaiyur, Maraimalainagar apart from the private industrial parks and IT sector office buildings. Key Points
Economic Times
Ambani’s Reliance industries considers record $1.8 billion bond sale
Reliance industries is Indias largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods. It is expanding rapidly into 5G and venturing into new areas like green energy and financial services. Key Points
Economic TimesIndia, UAE to collaborate in fields of industries, advanced technologies; MoU inked
India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) to collaborate in the sharing and development of industries and advanced technologies. The MoU aims to strengthen industries in both nations through investments, technology transfer, and the deployment of key technologies. The areas of cooperation include supply chain resilience, renewable energy, health and life sciences, space systems, artificial intelligence, and industry 4.0 technologies. Key Points
Economic TimesProfit Powerhouses: Smallcap stocks with highest EPS growth in FY23. Which ones to buy?
Smallcap companies are stealing the show and driving growth for portfolios of retail investors, with mid and smallcap indices already at record highs. A study by ETMarkets showed the FY23 EPS of 116 smallcaps surged by over 100%, with at least 11 of these companies reporting growth of more than 1,000%. Telecom firm Vindhya Telelinks topped the list, with its EPS increasing 9,488% to Rs 156.37, while multibagger stock Ramky Infrastructure saw a 4,729% spike to Rs 164.83. Analysts recommend investing in small companies with high growth rates and low starting valuations to maximise returns. Key Points
Economic TimesBCL industries Q4 earnings: Net profit up 6% YoY to ₹24 Cr, Board declares stock split and 50% dividend
BCL industries is a small cap FMCG company that recorded a market cap of ₹1,077.33 Cr during Monday's closing session. Key Points
mintTips industries Q4 Results Live : profit rise by 40.58% YOY
Tips industries Q4 Results Live : Revenue increased by 21.61% YoY & profit increased by 40.58% YoY Key Points
mint
India's Aether industries ordered to shut blast affected site by pollution regulator
Indian specialty chemicals maker Aether industries (AETH.NS) said on Friday that it was ordered by the pollution control board of Gujarat on Nov. 30 to stop production at its blast-affected site in Surat until further instructions. Key Points
ReutersNifty may cross 22,500 in 12 months, says Prabhudas Lilladher; picks Hindalco, 3 more stocks as conviction
Nifty is trading at a 17.2% discount to the 10-year average which provides comfort to Prabhudas who believes that the headline index is not trading in a bubble zone. The 50-stock index has remained flattish in the past 6 weeks and given just 1.6% return in the quarter gone by, riding on inflows of the domestic institutional investors (DIIs) even as the foreign institutional investors (FIIs) preferred selling the domestic equities, the note said. Key Points
Economic TimesPrivate capex yet to get broad-based, experts differ on next year’s trajectory
“It can be concluded that investment activity is not yet broad-based. It is in limited pockets. In terms of overall share, around 43% of the industries by size of fixed assets performed better than the average. Five major sectors, however, continue to trail, which includes power and telecom,” said Madan Sabnavis, chief economist of Bank of Baroda. Key Points
Economic TimesReliance files for record ₹20,000 crore bond sale
Mukesh Ambani’s Reliance industries Ltd. is seeking to raise as much as ₹20,000 crore via rupee-denominated bonds. Key Points
Hindustan TimesMukesh Ambani’s Reliance industries considers record $1.8 billion bond sale
Reliance Industries, owned by Indian tycoon Mukesh Ambani, is reportedly considering raising $1.8 billion through the sale of local-currency bonds. If Key Points
Times Of India
We anticipate to have 60-70 pc share of electric two-wheelers on road by 2030: Heavy industries Secy
The Indian heavy industries ministry is hopeful that 60-70% of two-wheelers on the road will be electric in the future, reflecting the public's active adoption of electric vehicles (EVs). The ministry aims to sell 12 lakh scooters this year and expects 60-70% of electric two-wheelers and 70-75% of electric three-wheelers by 2030. The government has provided constant support for the growth of EVs in the country, and the production-linked incentive scheme in battery development will help reduce India's dependence on imports. EVs in India have grown from 0.13% in 2019-20 to 4.3% currently. Key Points
Economic TimesIndia's infrastructure output grows by 4.3% in May
The index of eight core industries (ICI) measures combined and individual performance of production of core industries viz. coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity. They comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Key Points
Economic TimesWhat ails industry growth in agri-led MP? Growth centred in clusters, govt fixes ‘too late’
Encouraging industry is a stated objective of MP govt, and there have been some promising outcomes. But industry’s contribution to state economy has fallen over the past decade. Key Points
ThePrintAdhesive maker Pidilite to enter lending business, to acquire promoter group's NBFC firm
Pidilite Industries, a company that makes adhesives and building chemicals, intends to go into the banking market and offer small-value retail loans. According to a regulatory update, Pidilite industries would purchase Pargro Investments, an existing NBFC that is a part of the Promoter Group, in order to facilitate this. Key Points
Economic TimesThis multibagger BSE500 stock turns Rs 10,000 to Rs 16 lakh in 10 years
According to the latest shareholding pattern available with the exchanges, public shareholders own a majority of the stake at 62.68%, while the remaining 37.32% is owned by promoters and promoter groups. Key Points
Economic Times
Platinum industries IPO: Subscribe or skip?
The Platinum industries IPO, valued at Rs 235.32 crores, comprises of fresh shares totaling 1.38 crore, with subscription starting on February 27, 2024, and closing on February 29, 2024. Key Points
India TodayIndia’s factory employment crossed pre-pandemic level in FY22, investment also picked up pace
India's factory employment grew by 7% in FY22, surpassing the pre-COVID level, as per the Annual Survey of Industries. Investments and output also increased, indicating the country's recovery from the pandemic. The manufacturing sector showed resilience after the adverse effects of the pandemic, with a marginal fall in employment in 2020-21. Key Points
Economic TimesIndia's Reliance climbs on Q2 profit jump
Shares of India's most valuable company Reliance industries (RELI.NS) rose as much as 2% on Monday after it reported a bigger second-quarter profit late on Friday. Key Points
ReutersReliance Jio posts slowest profit, revenue growth in six quarters
Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance industries (RELI.NS), reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes. Key Points
ReutersReliance Jio's Radisys to buy Mimosa Networks for $60 million
Radisys Corp, a unit of Reliance industries Ltd owned Jio Platforms, will buy Mimosa Networks from U.S.-based IT services company Airspan Networks Holdings Inc for $60 million Key Points
Hindustan Times
DOMS IPO: Is a bumper listing on the cards?
As DOMS industries prepares to debut on Dalal Street tomorrow, investors are curious to see if the IPO will live up to expectations. Here's all you need to know. Key Points
India TodayStovec industries Q1 Results Live : profit rise by 94.12% YOY
Stovec industries Q1 Results Live : Revenue increased by 35.05% YoY & profit increased by 94.12% YoY Key Points
mintMaharashtra inked MoUs worth Rs 3.53 lakh crore at WEF in Davos: CM Eknath Shinde
Highlighting the focus on tangible implementation, Eknath Shinde emphasised the acceleration of growth compared to last year. He said the state's image has been spotlighted as people-oriented with a strong emphasis on industrialisation, skilled manpower, and quick decision-making, the statement said. Key Points
Economic TimesQuality control orders for drums, copper products to boost local production
India has issued mandatory quality norms for copper products, drums, and tin containers to curb sub-standard imports and boost domestic manufacturing. The Department for Promotion of Industry and Internal Trade (DPIIT) has issued two separate notifications, stating that goods under these orders cannot be produced, sold, traded, imported, or stocked without the Bureau of Indian Standards (BIS) mark. Key Points
Economic TimesBumper Debut! Aeroflex industries shares list at 83% premium over IPO price
The IPO of Aeroflex industries saw a robust response, driven by healthy demand across categories. The issue was subscribed 97 times overall at close. The qualified institutional buyer category was the most subscribed at 194.7 times, followed by the non-institutional investors' portion with 126.10 times bids. The reservation shareholders' portion was subscribed 28.51 times, whereas the retail part was subscribed 34.35 times. Key Points
Economic Times
RIL shares fall 2% after company misses Q1 earning's estimates. Should you buy?
Diversified conglomerate Reliance industries (RIL) on Friday reported a year-on-year (YoY) drop of 11% in the consolidated net profit for the quarter ended June 2023 to Rs 16,011 crore. Consolidated revenue declined 5.3% YoY to Rs 2.11 lakh crore. Key Points
Economic TimesKaka industries IPO day 2: Issue receives 79.80 times subscription so far; retail portion booked over 33x
The public received 133.16 times subscription in the retail category and 5.71 times in the Qualified Institutional Buyers' (QIB) portion. The Non-Institutional Investors (NII) portion was booked 54.20 times so far. Key Points
mintChalet Hotels acquires 80-room hotel in Khandala for ₹133 crore
Chalet Hotels said it would acquire 100% shares of Sonmil industries for ₹74.64 crore, and 82.28% of shares in The Dukes Retreat for ₹81.75 crore Key Points
mintPlatinum industries IPO fully booked in less than an hour of opening; retail, NII portion gets full subscription
Platinum industries IPO opened on Feb 27 and closed on Feb 29. Raised ₹70.59 crore from anchor investors. Price band ₹162-171 per share. Reserved 50% for QIBs, 15% for NIIs, 35% for Retail Investors. Key Points
mintPI industries share price gains more than 1%:analysts see up to 22% upside
Stock Market Today: PI industries reported 20% revenues growth in Q2 with Ebitda rising 28% and net profit growth of 44% year on year. The growth is being led by export traction and PI industries has maintained growth guidance of 18-20%. Jefferies projects 20% revenue Net profit CAGR over FY23-26. Key Points
mint
HMA Agro industries IPO opens for subscription. Should you bid?
Indian exports giant HMA Agro industries has begun its initial public offering (IPO) process, as retail investors have until 23 June to bid for shares between the price range of Rs555 ($7.48) and Rs585 ($7.89). The IPO will raise Rs480 crore ($65m). The company's shares were trading at a premium of Rs28 in the unlisted market before the IPO began. The firm is also offering existing shareholders' shares for sale for Rs330 crore. HMA Agro industries is one of the largest exporters of frozen buffalo meat in India, with customers in over 40 countries. Key Points
Economic TimesDOMS IPO Day 3: Issue subscribed 93.52 times; QIB, retail record huge demand
Amidst the ongoing mega-IPO month, the third day of the DOMS industries IPO proved highly successful, with a total of 34.28 crore shares being purchased by investors. Key Points
mintWhy Reliance shares rose after signing media deal with Disney
Reliance industries stock reached a day’s high of Rs 2,958 apiece but declined to trade 0.62 per cent higher at Rs 2,926 on the Bombay Stock Exchange (BSE) at around 12:20 pm. Key Points
India TodayBears roar: Sensex nosedives 802 points on profit-booking in RIL, Bajaj twins drag
The market capitalisation of all listed companies on BSE declined by Rs 1.84 lakh crore to Rs 375.36 lakh crore. The highest weighted of the 13 major sectors — financial services — dropped 0.63%. Meanwhile, Nifty FMCG, IT, healthcare, consumer durables, and oil & gas also declined. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Alok Industries, Adani Ports and FDC on Thursday
Alok industries has been a late bloomer, and it has taken almost the entire part of 2023 to bottom out and attempt a push higher, while the majority of stocks are on the other end of the spectrum. The stock has formed a rounding bottom pattern signalling the end of a prolonged downtrend, matured in late December 2023, but the breakout thereof has unfolded unfortunately at the most inopportune time, as the broader market is seen correcting from record peaks. Key Points
Economic TimesV-Guard Industries' promoter sells shares worth Rs 129 crore
New Delhi, Dec 22 (PTI) A promoter of electricals and home appliances manufacturer V-Guard industries on Friday sold 1 per cent stake in the company for Rs 129 crore through an open market transaction. The shares were bought by Aditya Birla Sun Life Mutual Fund and Motilal Oswal Mutual Fund. Chittilappily Thomas Kochouseph offloaded 45 […] Key Points
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