PADAM COTTON YARNS LTD Q1 RESULTS
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Grasim Industries Q1 Results: Profit slides by a fourth to Rs 1,189 crore on investment in paints ops
The flagship company of the Aditya Birla launched its paints operations ‘Birla Opus’ towards the end of the March quarter, and April-June was its first quarter of full operations. The company has spent Rs 7,795 crore on its paints business as of June-end, approximately four-fifth of the total planned expenditure for these operations.
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Indian cotton spinning industry expected to recover in FY25: ICRA Report
ICRA predicts the domestic cotton spinning industry will recover in FY2025, with 6-8% growth driven by increased volume and mild realisation gains. Following two years of decline, improved domestic demand and stabilised exports will boost the industry. Cotton yarn prices are expected to rise slightly, supporting better profit margins and reduced leverage levels.
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Unveil the 10 Best Formal shirts for men: Upgrade Your Style Game
Formal shirts for men instantly elevate your look, adding a touch of sophistication and professionalism to your appearance at work. Their crisp, tailored fit and refined fabric make a strong impression, projecting confidence and competence. Perfect for meetings, presentations, or daily office wear, formal shirts ensure you always look polished and put-together.
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Why it’s so hard to track the fashion industry’s emissions
The fashion industry, responsible for 2% of global greenhouse gas emissions, struggles to reduce its carbon footprint.
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10 best bed linens under Rs. 500 to revamp your bedroom aesthetic
Discover the perfect combination of affordability and quality with this list of the best bed linens under 500. These budget-friendly options offer a wide range of styles, from elegant florals to animal prints, ensuring there's something to suit every taste. Crafted from soft and durable materials like cotton blends and microfiber, these bed linens provide comfort and cosiness without compromising on quality. So, read on and don't miss out on this chance to upgrade your sleep space with these stylish and affordable bed linens.
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Super comfortable bedsheets under 3000 in India
Your room is your sanctuary where you detoxify your mind, body, and soul when you crash into your bed after a long day. To enjoy a sound sleep, it is important to invest in premium bedding, made from high-grade materials. If you are searching for aesthetic bedsheets under 3000 for the bedrooms of your home, do not forget to check out this list that comprises super comfy bedsheets under a budget.
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10 Best Bath Towels for you and your Family
Bath towels are everyday essentials and picking one should not form the many options online should not compromise on the quality. Bath towels provide a specific kind of utility and for that we have selected the best options in India for you. Find the best bath towels in this list.
Grasim Q3 Results: Cons PAT slumps 40% YoY to Rs 1,514 crore, revenue rises 12%
Grasim's consolidated revenue increased by nearly 12% to Rs 31,965.50 crore. Sequentially, the bottomline surged over 30%, and the topline grew by nearly 6%.
Arvind Q3 Results: Firm posts lower revenue for 5th quarter on tepid denim demand
Indian retailer Arvind Ltd posted on Tuesday a revenue drop for the fifth consecutive quarter, dampened by lacklustre prices of woven products and lower demand for denim.
For moderate risk takers: 4 smallcap stocks with upside potential of up to 41%
Small caps are always the riskiest place to take espouse when it comes to equity. But it is also a space where if one is able to find the right stock at the right time, gains are much higher. So a space with the highest risk and highest reward. While risks are an integral part of the markets, one can not eliminate it but reduce it. How you do it, by putting additional criteria of quantitative and qualitative checks. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
ET explainer: Status of India’s pilot to boost cotton yield
The Central government is set to present the Jammu and Kashmir Reservation (Amendment) Bill, 2023, and the Jammu and Kashmir Reorganisation (Amendment) Bill, 2023 in the lower house for consideration. Union Home Minister Amit Shah will introduce both Bills, with the former amending the Jammu and Kashmir Reservation Act of 2004, focusing on reservation in jobs and educational institutions for various categories.
Man-made fibre industry is thriving in India, but why isn’t it ready to challenge China?
Despite being a significant player in the textiles and apparel industry, India has been unable to make a sizable mark in a subsegment — man-made fibres.
Viscose staple yarn industry revenues to grow 10-12%: CRISIL
Revenue of the Indian viscose staple yarn (VSY) industry is set to grow 10-12% on-year to an all-time high of over $2.5 billion this fiscal on continued strong demand — similar pace to last fiscal, said CRISIL Ratings. VSY is an attractive alternative to cotton yarn because of its lower prices and comparable features. It logged a compound annual growth rate of 13% over the last three fiscals, higher than 5% for cotton yarn
India's cotton exports crash to 19-year low, production and yield plummets
India’s cotton production is at a historic low. Not just cotton yield, but the country’s cotton exports are also facing unprecedented pressure amidst a highly volatile global market.
Smallcap stock skyrockets 18% after subsidiary begins production of bottle grade PET resins
Indo Rama Synthetics' shares rose by 18% to Rs 50.4 after its subsidiary firm started commercial production of "Bottle grade PET resins" at its newly-constructed Solid-State Polymerisation Plant. However, Indo Rama Synthetics' stock has declined nearly 19% on a year-to-date basis and over 30% in the last year. In Q4 FY23, the company's net profit was Rs 1.62 crore, down 98% YoY, and net sales stood at Rs 880 crore, down 30%. The stock is trading above six out of eight SMAs and below the 150-day and 200-day moving averages. The day RSI (14) is at 46.8 and MACD is strong bearish.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 52%
Bulls are in control of both, Nifty and market breadth. But this was not the situation a couple of weeks back. Some domestic and international events were looming on the head of the markets. Some stocks have seen an improvement in their analyst scores during this period. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Trident shares down 9% after Q4 profit declines 28% YoY
Trident, a textile fabric manufacturer, reported a 28.4% YoY drop in Q4FY23 net profit, at Rs 129.7 crore. Revenue from operations declined 15.9% YoY to Rs 1,573.2 crore due to lower revenue across its yarn, towel and bedsheets divisions. Trident’s paper and chemicals unit, however, grew by 22%. Its EBITDA for Q4FY23 slipped 20.5% YoY to Rs 268.4 crore. The company’s share price fell 9% to Rs 31.6 on the BSE.
Q4 results, Fed minutes among 7 factors to drive D-Street traders' strategy in a volatile market this week
Volatility is expected in the Indian stock market as investors react to RBI's decision to recall Rs 2,000 banknotes. A number of companies will release their quarterly results in the coming week which should drive individual stock prices. The US Federal Reserve will reveal the minutes of its meeting and discussions around the raising of the debt ceiling in the US will be closely watched. The week will also see the expiry of the May derivative series, which will likely create market volatility.
Value buy! Most private banks trading near 5-10 years lows of price-to-book ratio: Apurva Sheth
The Nifty50 started the week with a bullish candle and up move, with muted pace for most of the week was witnessed. It eventually closed higher by 1.34% or 166 points at 18,311 levels.
This smallcap cement stock climbs 5% after board approves stock split
In Q3FY23, Visaka Industries reported an 86% decline in its net profit to Rs 3.71 crore as against Rs 24.03 crore during the previous quarter ended in December 2021. Its sales stood at Rs 354.76 crore in the quarter that ended December 2022 as against Rs 353.82 crore during the previous quarter that ended December 2021
Grasim Q3 Results: Net profit jumps 44% YoY to Rs 2,516 crore
Revenue from operations, meanwhile, jumped 17% YoY to Rs 28,638 crore in the December quarter against Rs 24,402 crore in the corresponding quarter of last year
Weekly Top Picks: 6 stocks with consistent score improvement and upside potential of up to 35%
While NIFTY gets into volatile mode once again, there are some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Macro headwinds impact performance of textile players across segments in Q2 FY2023
The impact is steeper for smaller players since large scale companies benefit from cost savings on bulk purchases of raw materials.
Grasim Industries Q2 Results: Profit falls 1.5% YoY to Rs 964 crore but beats estimates
Revenue from operations rose nearly 37% YoY to Rs 6,745.24 crore. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter increased 19.4% YoY to Rs 956.61 crore, but margins contracted 206 basis points to 14.18%.
Bullish on auto stocks? Here are 14 ideas from Sharekhan ahead of Q2 results.
The 3W and bus segments showed remarkable recovery led by the opening of schools, institutions and corporate offices
Grasim Q1 Results: Profit jumps 68% YoY to Rs 809 crore; revenue surges 93%
Segment-wise, Grasim's viscose (fibre and yarn) business generated a revenue of Rs 4,299.88 crore in Q1 as against Rs 2,102.76 crore in the corresponding quarter of the last financial year. Revenue in the chemicals unit also improved to Rs 2,733.3 crore from Rs 1,436.48 crore in the year-ago period.
Cotton price hike will significantly decrease margins, put pressure on working capital for small-sized spinners
Ind-Ra says cotton prices started moving upwards post-pandemic, not only domestically but also globally on account of the US ban on the use of Xinjiang region cotton followed by a low crop yield in India.
Arvind Ltd Q4 profit up 64 pc at Rs 88 cr
manufacturer Arvind Ltd Revenue from operations was at Rs 2,203.50 crore as against Rs 1,654.87 crore in the corresponding period of previous fiscal year.Its fabric and garment volumes remained strong across both domestic as well as export markets, said Arvind in an earning statement
SVP Global Ventures Q1 results: Co posts Rs 39 cr profit; income from operations jumps to Rs 385 cr
Income from operations rose to Rs 384.79 crore in the first quarter of this fiscal, from Rs 91.82 crore in the corresponding period of the previous year, according to a regulatory filing.
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