Venus Pipes reported a 33.80% y-o-y growth in its PAT at Rs9.10 crore for Q1FY23, as compared to Rs6.80 crore in Q1FY22.
Kochi plant was shutdown due to unviable market conditions.
Mrs. Bectors Food Specialities reported 4.6% fall in consolidated net profit to Rs 12.73 crore despite a 32.9% rise in net sales to Rs 300.77 crore in Q1 FY23 over Q1 FY22.
The said acquisition comprises 17 SPVs and 1 Ancillary SPV. Both the parties have signed necessary definitive agreements.
Fine Organic Industries Ltd has added 23.25% over last one month compared to 12.09% gain in S&P BSE Basic Materials index and 8.34% rise in the SENSEX
PAT at Rs14.08 crore compared to PAT at Rs6.34 crore in Q1 FY22 up by 122.08%.
On NSE, the IT index dragged over 200 points with metal stocks under pressure.
Declining oil prices and sustained foreign fund into Indian markets are keeping the Indian currency supported. Besides, dollar index that is marginally lower ahead of crucial data is also beneficial for rupee. The U.S. Labor Department will release its July report for consumer prices on Wednesday. A strong inflation print is likely to reinforce the idea that the Fed is not close to pausing its […]
The key equity barometers are trading with small gains in the early trade as trading resumed after local holiday. The Nifty traded above the 17,500 mark. Pharma, healthcare and private bank shares advanced while IT, oil & gas and realty shares declined. Asian stocks are trading lower. At 09:28 IST, the barometer index, the S&P BSE Sensex, was up 24.62 points or 0.04% to 58,877.69. […]

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