After being underweight on domestic agrochemical companies and preferring global plays, brokerages believe that the former may perform better in the quarters ahead. Domestic crop protection companies have faced multiple headwinds over the past year and a half, given high inventory costs, pricing pressures, lower realisations in the generic segment, increased stocks due to lower infestations, and demand-led hits to volumes. Some of the overhang from previous quarters was reflected in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24) as well, with aggregate revenues and operating profit for the sector down 12 per cent and 27 per cent, respectively.
https://www.rediff.com/business/report/quality-control-orders-what-does-this-mean-for-domestic-industry/20240425.htm
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
Pipeline leanest since 2004; bankers said to be cautious due to fear of rejection by Sebi.
Buoyed by the success of secondary market, IPO market set to see high action
This was the biggest IPO in the Indian market since Infratel's.
These include Great Eastern Energy Corporation and Shemaroo Entertainment.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Real test of the rally in this segment will be the upcoming result season.
Row also provides an opportunity for key competitor ITC (Yippee noodles) to step up market share in the prepared dishes segment
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Three IPO documents were recorded after the new govt took charge - Adlabs, Lavasa Corp and Monte Carlo Fashions.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
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