AGRO Financial News

ZUARIAGRO(up 2.05%), Bohra Industries(up 1.73%), Aries Agro(up 0.75%), Agro Phos(up 0.74%), Sikko Industries(up 0.69%), Nagarjuna Fertilizers & Chem(up 0.57%), G S F C(up 0.39%), Rashtriya Chemicals & Fertilizers(up 0.35%), Chambal Fertilisers & Chemicals(up 0.32%) and Rama Phosphates(up 0.18%) were among the top gainers. Coromandel International(down 0.98%), KRISHANA(down 0.70%), Deepak Fertilizers & Petrochemicals(down 0.58%), Mangalore Chemicals & Fertilizers(down 0.29%) and Madhya Bharat Agro Products(down 0.09%) were among the top losers.

₹65,427 crore, operating profit (EBITDA) of ₹23,944 crore, and net profit of ₹18,753 crore. It has several related business segments and some unrelated ones. The FMCG division, which includes cigarettes and other products, contributes 61% of the topline.

Southern Petrochemicals Industries(up 0.90%), Sikko Industries(up 0.69%), Mangalore Chemicals & Fertilizers(up 0.64%), Nagarjuna Fertilizers & Chem(up 0.56%), G S F C(up 0.48%), Madhya Bharat Agro Products(up 0.45%), KRISHANA(up 0.30%), National Fertilizer(up 0.28%), Chambal Fertilisers & Chemicals(up 0.24%) and Madras Fertlizers(up 0.18%) were among the top gainers. Agro Phos(down 0.89%), Gujarat Narmada Valley Fertilizers (down 0.35%), Fertilizers & Chemicals Tranvancore(down 0.34%), Paradeep Phosphates(down 0.32%), Coromandel International(down 0.27%), Deepak Fertilizers & Petrochemicals(down 0.27%), Rama Phosphates(down 0.20%), Bohra Industries(down 0.19%), Rashtriya Chemicals & Fertilizers(down 0.04%) and Aries Agro(down 0.03%) were among the top losers.

Shares of Bandhan Bank(up 3.0 per cent), IDFCBANK(up 1.78 per cent), State Bank of India(up 0.83 per cent), Kotak Mahindra Bank(up 0.68 per cent) and ICICI Bank(up 0.14 per cent) ended the day as top gainers in the pack. On the other hand, Federal Bank(down 1.97 per cent), Punjab National Bank(down 1.96 per cent), IndusInd Bank(down 1.25 per cent), Bank of Baroda(down 1.23 per cent) and HDFC Bank(down 0.77 per cent) finished as the top losers of the day.

Heritage Foods(up 8.53%), Parag Milk(up 4.28%), Dodla Dairy(up 3.53%), Bikaji Foods International(up 1.76%), Hatsun Agro Product Ltd(up 1.42%), Bajaj Consumer(up 1.07%), Emami(up 1.04%), JHS Svendgaard Laboratories(up 0.91%), Sheetal Cool Products(up 0.75%) and Vadilal Industries(up 0.64%) stood among the top gainers. Umang Dairies(down 3.70%), Hindustan Unilever(down 3.67%), TATA CONSUMER PRODUCTS(down 2.38%), Dabur India(down 2.30%), Tasty Bite Eatables(down 2.29%), Jyothy Labs(down 2.21%), P & G Hygiene(down 1.63%), Varun Beverages(down 1.53%), Zydus Wellness(down 1.42%) and Nakoda Group(down 1.22%) were among the top losers of the day.

Shares of MPhasis(up 5.28 per cent) ended the day as top gainers in the pack. On the other hand, Infosys(down 8.13 per cent), Persistent Systems(down 5.83 per cent), Tech Mahindra(down 4.62 per cent), Coforge(down 3.72 per cent) and HCL Technologies(down 3.49 per cent) finished as the top losers of the day.

Shares of Natco Pharma(up 2.07 per cent), Glenmark Pharmaceuticals(up 1.69 per cent), Ipca Laboratories(up 1.2 per cent), Aurobindo Pharma(up 0.9 per cent) and Divis Laboratories(up 0.59 per cent) ended the day as top gainers in the pack. On the other hand, Abbott India(down 2.03 per cent), Lupin(down 0.99 per cent), Dr Reddys Laboratories(down 0.96 per cent), Biocon(down 0.86 per cent) and Cipla(down 0.72 per cent) finished as the top losers of the day.

Benchmark NSE Nifty closed 234.15 points down at 19745.0 amid selling in frontline bluechip counters. However, stocks such as KKV Agro Powers Ltd., Cell Point(India), Spectrum Talent Mana, Quality Foils(India and Bombay Metrics Suppl, touched their fresh 52-week lows.

Ahmedabad, July 20: Ahmedabad-headquartered Seacoast Shipping Services Limited, a leading single-window logistics services provider, reported excellent numbers for the first quarter of financial year 2023-24 with its Profit After Tax (PAT) surging by 65% on a year-on-year basis and by 80% on a quarter-on-quarter basis. The company has also announced a rights issue, which is set to open on Friday, July 21. The company’s PAT for the latest April-June quarter was Rs.

Dodla Dairy(up 20.00%), Umang Dairies(up 13.65%), Hatsun Agro Product Ltd(up 7.52%), Parag Milk(up 6.43%), Jyothy Labs(up 4.50%), Tasty Bite Eatables(up 4.16%), Heritage Foods(up 4.08%), Sheetal Cool Products(up 2.63%), Bajaj Consumer(up 2.14%) and Godrej Consumer Products(up 1.58%) stood among the top gainers. Vadilal Industries(down 2.52%), Gillette India(down 1.54%), Dangee Dums(down 1.46%), Varun Beverages(down 0.88%) and Britannia Industries(down 0.26%) were among the top losers of the day.

Mangalore Chemicals & Fertilizers(up 2.00%), Rama Phosphates(up 2.00%), Paradeep Phosphates(up 1.64%), Chambal Fertilisers & Chemicals(up 1.49%), Coromandel International(up 1.44%), Gujarat Narmada Valley Fertilizers (up 0.38%), Khaitan Chemicals & Fertilizers(up 0.31%), Fertilizers & Chemicals Tranvancore(up 0.20%) and KRISHANA(up 0.02%) stood among the top gainers. Bohra Industries(down 4.96%), Madras Fertlizers(down 1.80%), Southern Petrochemicals Industries(down 1.17%), ZUARIAGRO(down 1.01%), Aries Agro(down 0.94%), Nagarjuna Fertilizers & Chem(down 0.56%), Deepak Fertilizers & Petrochemicals(down 0.51%), Sikko Industries(down 0.51%), Madhya Bharat Agro Products(down 0.48%) and Rashtriya Chemicals & Fertilizers(down 0.31%) were among the top losers of the day.

Hatsun Agro Products rallied over 12% to Rs 1,095 in Thursday's trade after the company reported a 54.2% rise in its net consolidated profit to Rs 80.2 crore during Q1FY24 as against Rs 52 crore during the corresponding quarter of the previous fiscal. Meanwhile, the revenue of the company witnessed a 7% year-on-year (YoY) increase from Rs 2,014.6 crore to Rs 2,150.6 crore. The company also declared an interim dividend of Rs 6 per share (600%) on the fully paid-up equity shares of face value of Re 1 each.

Dodla Dairy(up 8.70%), Hatsun Agro Product Ltd(up 8.33%), Umang Dairies(up 5.25%), Parag Milk(up 4.74%), Sheetal Cool Products(up 4.49%), Heritage Foods(up 3.70%), Jyothy Labs(up 3.30%), Bikaji Foods International(up 2.67%), Tasty Bite Eatables(up 2.42%) and Euro India Fresh Foods(up 2.29%) were among the top gainers. Vadilal Industries(down 1.97%), Gillette India(down 0.66%), Nestle India(down 0.54%), TATA CONSUMER PRODUCTS(down 0.44%), Dangee Dums(down 0.36%), Varun Beverages(down 0.32%), Britannia Industries(down 0.26%) and Dabur India(down 0.04%) were among the top losers.

L&T FinanceL&T Finance Holdings has more than doubled its net profit for the first quarter at Rs 531 crore. Revenue from operations during the reporting quarter jumped 8% to Rs 3,223 crore.Tata CommunicationsTata Communications reported a 30% fall in net profit at Rs 382 crore for the first quarter ended June.

₹80.2 crore during Q1FY24 from ₹52 crore during the corresponding quarter in previous fiscal. The revenue of the company witnessed 6.8% increase from ₹2,014.6 crore to ₹2,150.6 crore.  More to come… 

ZUARIAGRO(up 2.89%), Agro Phos(up 2.70%), Madras Fertlizers(up 2.46%), Rama Phosphates(up 2.24%), Fertilizers & Chemicals Tranvancore(up 1.42%), Rashtriya Chemicals & Fertilizers(up 1.33%), Aries Agro(up 0.98%), Mangalore Chemicals & Fertilizers(up 0.84%), National Fertilizer(up 0.78%) and Nagarjuna Fertilizers & Chem(up 0.57%) stood among the top gainers. Bohra Industries(down 3.23%), Khaitan Chemicals & Fertilizers(down 1.47%), Paradeep Phosphates(down 1.13%), Coromandel International(down 0.76%), KRISHANA(down 0.57%), Gujarat Narmada Valley Fertilizers (down 0.19%) and Madhya Bharat Agro Products(down 0.04%) were among the top losers of the day.

Madras Fertlizers(up 9.15%), Agro Phos(up 2.25%), Fertilizers & Chemicals Tranvancore(up 1.42%), Rashtriya Chemicals & Fertilizers(up 1.42%), ZUARIAGRO(up 1.38%), Sikko Industries(up 1.35%), National Fertilizer(up 1.27%), Madhya Bharat Agro Products(up 0.97%), Mangalore Chemicals & Fertilizers(up 0.89%) and G S F C(up 0.81%) were among the top gainers. Bohra Industries(down 4.97%), Khaitan Chemicals & Fertilizers(down 1.70%), Coromandel International(down 0.76%), Paradeep Phosphates(down 0.57%), KRISHANA(down 0.28%) and Gujarat Narmada Valley Fertilizers (down 0.08%) were among the top losers.

Q1 results today: Investors and market watchers are extremely cautious about the Q1 2023 results due to the strong results season in the January to March 2023 quarter. At a time when the global market was struggling from the heat of the economic slowdown in Q4FY23, Indian companies managed to provide stronger numbers. From April to June 2023, the Indian economy saw outstanding GST collections, better-than-anticipated GDP figures, inflation under control, etc.

top ten companies to watch out today, L&T Finance Holdings, Bank of Maharashtra, Hatsun Agro Products, Finolex Industries, Can Fin Homes, Century Textiles and Industries, Alok Industries, Mastek, Tata Communications, Tata Coffee will be in focus as they report June quarter earnings on Wednesday.Asian equity markets witnessed an upward trend as stocks followed the rally from the US market, while the New Zealand dollar appreciated due to moderating inflation.Markets in Japan, South Korea, and Australia saw a rise in stocks at the opening of the trading session. However, futures for Hong Kong stocks showed a downward trend, while those for the US remained largely stable.

Rekha Jhunjhunwala has sold partial stake in Rallis India through block deals on Tuesday, while promoter Tata Chemicals has picked up those shares. According to data available with the exchanges, Rekha Jhunjhunwala has offloaded 97 lakh shares or nearly 5% stake in the company. The transaction was done at a price of Rs 215 apiece, fetching the investor about Rs 208 crore.

Kiren Rijiju on Friday announced that instruments for extensive weather reading and three large Doppler Radar stations will be installed in Arunachal Pradesh soon. Chairing a day-long farmers awareness programme, Union Minister of Earth Sciences said that the installation of the instruments would result in accurate weather forecasts in the state which would directly benefit the farmers to plan their agricultural activities for maximising productivity and minimising losses. He urged the farmers to increase agricultural productivity by using scientific applications. The minister, who represents the Western Parliamentary constituency in the state, informed that since climate is an important factor in everyone's lives and the fast-changing climate due to global warming is going to have an impact, all need to change lifestyles and respond to it scientifically. He appealed to the farmers to take full advantage of the programme.