Jitesh Devendra, former CEO and Managing Director (MD) of the company will return to Solara as MD, to steer the reset strategy of the Company
Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit in Q4.
The management said the operating performance reflects higher volumes, realisations, and favorable market conditions.
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
The commentary on recent M&A, deal wins, vertical commentary, commentary of client's IT budget and revenue guidance are key to watch
The Russia-Ukraine crisis has had an adverse impact on all costs especially raw materials, logistics and power and fuel
On the cost front, CGD companies are expected to incur high gas sourcing costs as spot liquefied natural gas (LNG) prices continue to remain at elevated levels.
On the back of an improving demand environment, the management remains confident of delivering healthy volume growth in the medium to longer term
On Thursday, April 28, 2022, investor Dolly Khanna bought 1 million equity shares representing 0.67 per cent stake in Chennia Petroleum at Rs 263.15 per share on the NSE.
The company believes that the divestment is part of company's strategy to align its resources with the high value and high growth primary markets in China, India, and two-wheeler sector globally.
Stocks to Watch today: Shares of Maruti Suzuki, IndusInd Bank, UltraTech Cement, Wipro, and SBI Cards will be on radar today as the companies are set to release their Q4 results.
According to the technical analyst from Anand Rathi, Hindalco has found support around its 200-DEMA, and seems poised for a potential reversal in the short-term.
The company has fixed May 17, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares in the ratio of 1:1
Reliance and Viacom18, on Wednesday, announced a strategic partnership with Bodhi Tree Systems to form one of the largest TV and digital streaming companies in India
Shares of food delivery company Zomato hit a new low of Rs 74.65, down 2 per cent on the BSE in Thursday's intra-day trade. The stock has dropped 6 per cent in the past two trading days.
In Q4FY22, the country's largest FMCG major saw net profit climb by 5.4 per cent year-on-year (YoY) to Rs 2,304 crore, compared to Rs 2,186 crore from a year-ago period.
While analysts see near-term margin compression, on expected lines, due to rise in commodity prices, they believe HUL is relatively better placed to fight the inflation woes.
Shares of Poona Dal & Oil Industries hit a record high of Rs 103.15 and were locked at the 10% upper circuit on the BSE.
The management said business outlook is positive with April and May trending ahead of 2019.
Stock to Watch: Shares of Axis Bank, Bajaj Finserv, Vedanta, Biocon, Ambuja Cements and SBI Life will be in focus ahead of their Q4 results today.