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Shares of Supriya Lifescience increased by more than 7% as a result of the news. The share price was up 7.52 percent at Rs 278.00 at 3:45 PM.

INTRODUCTION

In order to produce Ingredient Optimized Protein (ioProtein), Supriya Lifescience, based in Mumbai, has signed a memorandum of understanding with Plasma Nutrition, a company based in the US that specializes in cutting-edge consumer goods.

The strategic alliance includes a technology licensing contract that grants Supriya Lifescience the sole authority to produce and market ioProtein in India.

According to Plasma Nutrition, ioProtein naturally improves your body’s capacity to utilize protein, enabling your body to maximize the benefits of the daily nutritional supplements you take.

• Shares of Supriya Lifescience increased by more than 7% after the announcement. The shares were trading at Rs 278.00 at 3:45 PM, up 7.52%.

• The ioProtein method is protected by a patent (US application pending). The protein powder has a key benefit in that it is highly bioavailable and is made for protein supplements.

• We have a fantastic chance to deliver this highly bioavailable protein powder, which has been well-received in other markets, to India’s fast expanding need for protein supplements.

According to Flynn-Rozanski, “We think that this alliance will establish a new benchmark for protein dietary supplements in India.

CONCLUSION

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According to InterGlobe Aviation, the quarter’s sales totaled Rs 17,160.90 crore, which was a record-high. According to IndiGo, its results show solid operational performance, strategy execution, and good market conditions.

INTRODUCTION

InterGlobe Aviation (IndiGo) reported on Wednesday that its quarterly profit after tax in the June quarter reached a new high of Rs 3,090.60 crore, up from a loss of Rs 1,064.30 crore in the same quarter last year.

The airline claimed in a BSE filing that the quarter’s total revenue, which was the highest ever, came in at Rs 17,160.90 crore. It added that the results reflect outstanding operational performance, successful plan execution, and favorable market circumstances.

InterGlobe Aviation reported a 30.8 percent growth in passenger ticket sales to Rs 14,995.60 crore.

• Pieter Elbers, CEO of the company, stated that it was glad to record a strong start to the year, building on the encouraging trend from the previous two quarters.

• This quarter, we placed a fresh order for 500 aircraft, bringing our total order book to around 1,000 aircraft and enhancing our prospects for future expansion, Elbers stated.

• According to IndiGo, its total cash on hand was Rs 27,400 crore, of which Rs 15,691 crore was free cash and Rs 11,7,09 crore was restricted cash.

CONCLUSION

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Star Cement stock price: According to ICICI Direct, Star has a reliable cash flow profile, recording cumulative CFO (operating cashflows) of almost Rs 2,800 crore between FY18 and FY23, with an average CFO/EBITDA ratio of 105 percent.

INTRODUCTION

Star Cement Ltd. shares increased significantly in price on Wednesday despite a decline in the benchmarks for domestic equities. Today, the stock increased 10.78% to a 52-week high of Rs 159.35. At Rs 158.70, it ultimately finished 10.32% higher.

5.17 lakh shares were exchanged on the BSE, far exceeding the two-week average volume of 15,000 shares. The counter had a turnover of Rs. 8.02 crore and a market capitalization of Rs. 6,353.72 crore.

The company is building two 2 MT each grinding facilities in Assam (capex: Rs 800 crore, completion: Guwahati in Dec 23 and Silchar in Aug 24) as well as a 3 MT clinker unit with 12 MW WHRS in Meghalaya (capex: Rs 1300 crore, completion: Jan-24).

• According to ICICI Direct, Star has a reliable cash flow profile, recording cumulative CFO (operating cashflows) of almost Rs 2,800 crore between FY18 and FY23, with an average CFO/EBITDA ratio of 105%.

• Its balance sheet is cash-rich, with investments totaling Rs 485 crore. In the future, we anticipate that the company would produce total OCF of Rs.

• Oversold is defined as a value below 30, and overbought as a value beyond 70. The price-to-equity (P/E) ratio of the company’s stock is 35.45, while the price-to-book (P/B) ratio is 3.97.

COMCLUSION

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In comparison to the March quarter of the prior fiscal year, the net profit for the first quarter was 125.9 crore rupees, or Rs.

INTRODUCTION

Firstsource Solutions Ltd.’s stock dropped more than 4% after the company announced an 11% decline in net profit for the three months ending in June 2023. In comparison to the March quarter of the prior fiscal year, the net profit for the first quarter was 125.9 crore rupees, or Rs.

• The stock has returned 35.38% over the past year, and it has increased 38.79% this year. On the BSE, a total of 3.44 lakh shares were exchanged for a turnover of Rs. 4.95 crore.

• On December 26, 2022, the price of Firstsource Solutions shares reached a 52-week low of Rs 95.80, and on August 1, 2023, it reached a 52-week high of Rs 147.45.

Technically speaking, Firstsource Solutions’ relative strength index (RSI) is 75.3, indicating that it is neither overbought nor oversold at this time.

• A one-year beta of 1 for the Firstsource Solutions stock indicates average volatility during the time frame.

• Revenue decreased from Rs 1556.6 crore in the quarter ending in March 2023 to Rs 1526.69 crore in the first quarter ending June 30, 2023.

• In the June 2023 quarter, profit before tax fell 9.61% to Rs 155.29 crore from Rs 171.87 crore the previous quarter.

“The first quarter FY24 results for Firstsource reflect the success of our strong, domain-led offerings underpinned by our sharp client focus to help enterprises navigate rapid economic, technological, and consumer evolution,” stated Sanjiv Goenka, Chairman of RPSG Group and Firstsource Solutions.

CONCLUSION

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SpiceJet share price: SpiceJet also announced that it would ask shareholders for permission to re-appoint Singh as the company’s managing director for a term of three years beginning on May 21, 2023, as well as to approve his Rs 60 lakh monthly salary and a 2.50 per cent profit-sharing share.

INTRODUCTION

• In strong trading volume, SpiceJet Ltd. shares climbed substantially on Wednesday, extending their gains for the third straight session.

• On the BSE, over 54.78 lakh shares were traded today, far exceeding the volume of 10.85 lakh shares traded throughout the previous two weeks.

• Today, there were 6,38,473 buy orders and 18,84,250 sell orders for the same number of shares.

In addition, SpiceJet announced that it would ask shareholders for their consent to re-appoint Singh as managing director of the business for a term of three years beginning on May 21, 2023, as well as to approve his request for a salary of Rs 60 lakh per month and a 2.50 percent profit-sharing share.

• The stock was last observed trading above the 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day simple moving averages (SMAs), but below the 150-day and 200-day SMAs, according to the technical setup.

• In comparison to a negative price-to-book (P/B) value of 0.30, the company’s stock has a negative price-to-equity (P/E) ratio of 0.89.

According to Trendlyne statistics, the stock has an average target price of Rs 44, indicating a possible upside of 42%.

CONCLUSION

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On the BSE, Paytm shares increased 4.92 percent to settle at Rs 800.25. The business claimed that Paytm Pocket Soundbox, which is as small as a debit card and fits in a pocket, gives merchants who are constantly on the go more leverage.

INTRODUCTION

One 97 Communications Ltd. (Paytm) saw a 5% increase in its stock price on Monday after introducing two new products, the Paytm Pocket Soundbox and Paytm Music Soundbox, which are expected to increase the company’s user base.

• 79 lakh businesses currently pay subscription fees for Paytm’s payment systems, including Soundbox and Paytm Card Machines.

• Paytm Pocket Soundbox, according to the business, is as small as a debit card and can fit in a pocket.

• On the BSE, the stock increased 4.92 percent to close at Rs 800.25. The Paytm Music Soundbox also functions as a speaker.

• Notifies users of payments and can be paired with a phone to play music through bluetooth, according to Paytm.

The revolutionary Paytm Pocket Soundbox is a portable device with all the potent capabilities of the well-known Paytm Soundbox.

• Additionally, a special speech overlay feature lets the merchant hear payment alerts over the music playing, according to Paytm.

• Paytm Music Soundbox and Paytm Pocket Soundbox, according to founder and CEO Vijay Shekhar Sharma, are made to make life easier for retailers.

Payment warnings and lifestyle problems are both solved. With these new gadgets, we maintain our technological leadership for India’s small businesses, according to Paytm.

CONCLUSION

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Results for Maruti’s first quarter: Compared to the same period last year, the business reported a net profit of Rs 2,485 crore for the quarter that ended on June 30. In Q1 FY24, operating revenue increased by 21.99% to Rs 32,327 crore from Rs 26,500 crore in the same quarter last year, according to Maruti’s exchange filing.

INTRODUCTION

The first quarter earnings for the fiscal year 2023–2024 (Q1 FY24) increased by 145.31 percent, according to the largest automaker in India, Maruti Suzuki India Ltd.

• In comparison to the same quarter last year, the company reported a net profit of Rs 2,485 crore for the quarter that ended on June 30.

• In Q1 FY24, operating revenue increased by 21.99% to Rs 32,327 crore from Rs 26,500 crore in the same quarter last year, according to Maruti’s exchange filing.

At the end of the quarter, there were around 3,55,000 pending client orders, and the company is working hard to fulfill these orders quickly, according to Maruti.

• The company’s net sales for the quarter were the highest ever, coming in at Rs 30,845.2 crore, up from Rs 25,286.3 crore in Q1 FY23.

• The manufacturer said in a separate filing today that its board has authorized ending the contract manufacturing arrangement and exercising the option to buy Suzuki Motor Gujarat Pvt Ltd (SMG) shares from Suzuki Motor Corporation (SMC).

• The automobiles that were previously supplied by SMG as a contract manufacturer will now continue to be supplied as before, thus there won’t be any changes in terms of actual production, logistics, sales, or the cost thereof, according to Maruti.

And as of August 1, 2023, for a three-year term, Yukihiro Yamashita has been appointed as director and full-time director designated as joint managing director (engineering and quality assurance).

CONCLUSION

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For the fiscal year that ends on December 31, 2023, Castrol India’s board of directors declared an interim dividend of Rs 3 per equity share of Rs 5 each.

INTRODUCTION

Following the release of Castrol India Ltd.’s earnings for the June 2023 quarter and half-year, the company’s shares closed the day lower. For financial reporting, the company uses the calendar year (January to December).

• In comparison to the same quarter a year prior, Castrol India’s consolidated earnings increased by 9.22% to Rs 225 crore from Rs 280 crore.

• In comparison to the previous BSE close of Rs 147.50, Castrol India shares ended the day 1.80% lower at Rs 144.85.

The stock has returned 27.51% over the past year and is up 16% this year. On the BSE, a total of 4.52 lakh shares were exchanged, totaling a transaction of 6.66 crore rupees.

• The 52-week low for Castrol India stock was Rs. 107.70 on March 27, 2023, and the 52-week high was Rs. 152.25 on July 28, 2023.

• Manufacturing and marketing lubricants for use in industrial and automotive applications, as well as providing related services, are the company’s main business activities.

• It offers a variety of automotive fluids and engine oils, such as greases, braking fluids, axle lubricants, and transmission fluids.

Motorcycle engine oils, brake fluids, chain lubricants, fork oils, greases, bike point and gear oils are among the motorcycle oils and fluids offered by this company.

CONCLUSION

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The stock today increased 7.11% over yesterday’s close of Rs. 649.80 to reach a 52-week high of Rs. 696.

INTRODUCTION

Following the release of the company’s solid June 2023 quarter (Q1 FY24) results, shares of PNB Housing Finance Ltd. rapidly increased on Monday to reach their one-year high level.

• Profit after tax for the company climbed to Rs 347 crore, up 48% year over year and 24% quarter over quarter.

• “The disbursements in the first quarter of FY24 increased by 7% YoY to Rs 3,686 crore. 99 percent of the payments were made in the retail sector, which saw an 8% YoY increase to Rs 3,667 crore.

• Retail loans increased to Rs 56,978 crore by 11% YoY and 3% QoQ. As of June 30, 2023, corporate loans were at Rs 3,416 crore, a reduction of 45%, according to PNB Housing’s exchange filing.

Asset quality-wise, gross bad loans, or NPAs, were at 3.76 percent as of June 30, 2023, down from 6.35 percent year-over-year and 3.83 percent quarter-over-quarter.

• As of June 30, 2023, the company’s CRAR (Capital to Risk Asset Ratio) increased to 29.93% from 23.91% YoY.

• Additionally, we have seen an improvement in asset quality, which has led to greater profitability. The company’s annualized ROA for this quarter is the highest in a decade, at 2.07%.

• The stock was last observed trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, according to the technical setup. The 14-day relative strength index (RSI) for the counter was 78.14.

Oversold is defined as a level below 30, while overbought is defined as a level beyond 70. Price-to-book (P/B) is 1.54 and the shares of the company has a price-to-earnings (P/E) ratio of 15.97.

CONCLUSION

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According to Indiabulls Housing, it has recently gone through a phase of consolidation. The board has started paying dividends to shareholders again as the NBFC returns to its development trajectory, it claimed.

INTRODUCTION

After the NBFC announced that its board has approved raising funds through the sale of NCDs and/or bonds, not in the character of equity shares, up to Rs 35,000 crore.

in one or more tranches, on a private placement basis, shares of Indiabulls Housing Finance Ltd (IBHFL) increased by 9% in Friday’s trading.

Indiabulls Housing announced that it would raise the funds after receiving the necessary authorization from shareholders at the upcoming annual general meeting (AGM) in a year.

The Indiabulls Housing board’s recommendation for a final dividend of Rs 1.25 per equity share for FY23 helped the stock rise as well.

• Following the news, the stock increased 9.09% to a high of Rs 139.15 on the BSE. Despite this, the stock has lost 11% of its value so far this year.

• The board has begun paying dividends to shareholders as the NBFC returns to its path of growth, it said, adding that Indiabulls Housing is At the conclusion of the March quarter.

• the company was well-capitalized, with capital adequacy levels exceeding 23% on a standalone basis and 31% on a combined basis.

• The corporation plans to restart regular dividend payments as soon as business has stabilized and, within regulatory bounds, the company resumes its course of expansion.

The corporation wants to give shareholders strong returns on their investments through dividends and return on equity, according to its statement.

CONCLUSION

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