blog

The company’s board has approved an interim dividend of Rs 22 per equity share for FY 2022-23, which includes a special dividend of Rs 13 per equity share

The price has crossed above both the 20-day moving average and the 20-day exponential moving average.

PI Industries#39; net profit came in at Rs 351.80 crore, up from Rs 222.60 crore in the year-ago quarter. Its year-on-year sales grew 18.94 percent at Rs 1,613.20 crore in the December quarter

In second half of FY23, on account of pent up demand and normalisation of margins we will see earnings growth kicking in which can act as a trigger for new leg of rally for the market.

The rate hike concerns keep coming and going over the last few quarters. It seems that the market has made up its mind that rates have peaked, whereas the Fed is particularly insistent that their mandate to control inflation is paramount.

Shares of IRB Infra have been on a rally, with the stock gaining over 16 percent in the past three months, but investors seemed to be concerned about margin contraction.

The segment revenue of the International Supply Chain saw a decline of 29.4 percent to Rs 3671 crore

The company#39;s consolidated net profit tanked 68.02 percent to Rs 108.38 crore in the December quarter from Rs 338.95 crore in the year-ago period

Revenues are expected to rise in the December quarter, but EBIDTA margin is likely to be under pressure

NFL#39;s own fertilizers (Urea Bentonite Sulphur and Bio-Fertilizers) accounted for the majority of the segment revenue at Rs 5,661 crore, and fertilizer trading segment at Rs 4,133 crore