The Indian market may trade lower on Friday tracking muted global cues. The S&P BSE Sensex fell nearly 600 points while the Nifty50 closed below 19800 levels on Thursday. India VIX was down by 2.81% from 11.13 to 10.81 levels in the previous trading session. Volatility fell and has been hovering at its lower band … Read more
Mumbai: Analyst downgrades in earnings estimates of Indian companies for FY24 outnumbered that of upgrades in the past four weeks after the June quarterly results. Out of the Nifty 100 companies, 41 including UPL, Tech Mahindra, Vedanta, SRF, ACC, Grasim, and Tata Steel, among others, witnessed Earnings Per Share (EPS) downgrades for FY24, while 32 … Read more
Adani Ports, UPL, Aarti Industries and Ambuja Cement are four stocks on which Rajesh Palviya, SVP – Technical & Derivatives Research, Axis Securities, recommends a sell. “Adani Ports demonstrates a bearish sentiment as it recently breached the medium-term upward-sloping trendline. It is currently trading below critical moving averages (20, 50, and 200-day SMA), accompanied by … Read more
Rajnikant Devidas Shroff, also known as Rajju Shroff is the founder of BSE-listed crop protection company UPL. He belongs to a family of entrepreneurs and was born in Kutch. Rajju Shroff has been passionate about chemistry and chemicals right from the beginning. In 1969, he pioneered Red Phosphorus manufacturing, and that helped in giving an … Read more
UPL on Tuesday reported a 28.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended September at Rs 814 crore. But the profit was lower than ET Now poll of Rs 849 crore. Consolidated revenue rose 18.4% YoY to Rs 12,507 crore, and was higher than ET Now poll of Rs 12,230 crore. … Read more
Mumbai: Government Pension Fund Global, the sovereign wealth fund of Norway, is nudging agrochemicals major UPL, formerly United Phosphorus, to end child labour in one of its subsidiaries, Advanta Seeds. The activist money manager with assets worth $1.3 trillion across the global markets owned a 2.8% stake in UPL as of December 31, 2021, and … Read more
UPL, and are three stocks on which independent market analyst Kunal Bothra is bullish on for this week. Edited excerpts: India VIX has cooled off and in fact has slipped below the 16 mark. How do you see the volatility in the near term and at what levels could we make that decisive move towards … Read more
ET Intelligence Group: Ten of India’s leading companies together spent nearly Rs 10,000 crore towards legal costs in FY20. As India Inc is scampering to contain costs under most heads, this is one area where the costs have been climbing steadily and are likely to continue so over the years. These costs cannot always be … Read more