Tatva Chintan Pharma Chem IPO – Profitable play on specialty chemicals

Tatva Chintan IPO is another play on the specialty chemicals space. This space has been growing at a rapid pace, especially after the pandemic. In the last couple of years, the specialty chemicals has been anyways seeing sharp global demand traction. In addition, China imposed strict environment restraints on domestic chemical manufacturers, which significantly impacted

Daily Market Higlights JUN 2

Previous Day Market Sensex closed at 51,934.88 down by 2.56 points Nifty closed at 15,574.85 down by 7.95 points  ITC reported -2.6% lower net profits at Rs.3,755 crore for the Mar-21 quarter as the margins of non-cigarette FMCG business came under pressure. The hotel vertical also made losses on an EBITDA basis due to weak

Daily Market Update May 5

Previous Day Market Sensex closed at 48,253.51 down by 465.01 points Nifty closed at 14,496.50 down by 137.65 points Adani Ports and SEZ reported 288% growth in net profit at Rs.1,288 crore for the Mar-21 quarter. Total revenues were up 24% at Rs.3,608 crore. The company now has a 41% market share of port volumes

Weekly Capsule (Apr26–Apr30)

News Announcement Impact Analysis ·        Reliance net profit for Mar-12 quarter doubles to Rs.13,277 crore ·        Despite lower ARPUs in the telecom  business, the retail and digital business earned more EBITDA than the O2C business ·        However, the Mar-20 quarter profit may have been subdued due to Rs.4,267 crore of O2C business value write-off ·