AGRO Financial News

On the BSE, Forbes Company(down 9.32 per cent), Superior Ind(down 8.99 per cent), Megri Soft(down 8.93 per cent), India Lease Dev(down 8.73 per cent) and Neil Industries(down 8.44 per cent) were among the stocks that plunged over 5 per cent during the session.

Madhya Bharat Agro Products Ltd.(up 4.29%), Krishana Phoschem Ltd.(up 4.15%), Coromandel International Ltd.(up 2.23%), Chambal Fertilisers & Chemicals Ltd.(up 1.66%), Bohra Industries Ltd.(up 1.61%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.57%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.41%), The Fertilisers and Chemicals Travancore Ltd.(up 0.81%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.19%) and Rama Phosphates Ltd.(up 0.09%) stood among the top gainers.

₹2.34 for Q4 which increased by 107.87% Y-o-Y. Hatsun Agro Product has delivered 12.09% return in the last 1 week, -1.38% return in the last 6 months, and -1.95% YTD return.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 9.80%), Chambal Fertilisers & Chemicals Ltd.(up 5.74%), Rashtriya Chemicals & Fertilizers Ltd.(up 5.71%), The Fertilisers and Chemicals Travancore Ltd.(up 5.61%), Gujarat State Fertilizer & Chemicals Ltd.(up 4.70%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.39%), Paradeep Phosphates Ltd.(up 3.00%), Southern Petrochemicals Industries Corporation Ltd.(up 2.91%), National Fertilizers Ltd.(up 2.84%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.51%) stood among the top gainers.

INR 829 crores up 30% from a year ago.The company has achieved revenue of INR 285 crores with an unprecedented revenue growth of 37% YoY in Q4 and an increase in profitability of 585% YoY to INR 43.50 crores in Q4, showcasing its resilience and strategic prowess in navigating challenging market conditions.67% of the revenue was contributed by the company’s distillery division, Piccadily Distilleries.Full Year Fiscal 2024 Financial Highlights Speaking on the results, Dharmendra Kumar Batra, Whole Time Director, Piccadily Agro Industries Limited, said “We're thrilled to announce a phenomenal quarter, capping off a year of exceptional performance. This achievement is a testament to the dedication and talent of our team. Looking forward, we're energized by our future initiatives aimed at sustaining profitable growth and creating strong value for our shareholders." Stock Ticker: (PICCADIL | 530305 | INE546C01010)https://www.bseindia.com/stock-share-price/piccadily-agro-industries-ltd/piccadily-agro-inds/530305/ About Piccadilly Agro Industries LimitedPiccadily Agro Industries Limited (PAIL), a Public Limited Company was incorporated in the year 1994.

Hatsun Agro has reported a 108.76 per cent rise in its January-March 2024 quarter profit after tax at Rs 52.16 crore, the company said on Tuesday. The city-based company had registered a profit after tax of Rs 24.99 crore in the same period last year. Revenues during the quarter under review grew to Rs 2,046.87 crore as against Rs 1,789.46 crore registered in the same period of last year.

Also Read- Hatsun Agro share price surges 15% after Q4 result The Inox Wind share price also has gained more than 10% in last five trading sessions and its trading near all time highs. Inox Wind recently had announced a large order win. Inox Wind secured a repeat order for 210 mega watt (MW) for its 3 MW wind Turbine Generation Systems (WTGs) from Hero Future Energies.

RIL, Wipro, HDFC Bank, UltraTech, IREDA among others will be in focus due to various developments and earnings. Wipro Wipro reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March.

₹1122.05 against its previous close of ₹1023.70 and jumped 14.7 per cent to the level of ₹1174.65. Around 1 am, Hatsun Agro share price traded 12.73 per cent higher at ₹1,154 apiece on the BSE. Hatsun Agro share price witnessed strong buying interest after the company reported a strong jump in Q4 profit and EBITDA.

Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, Bajaj Finance among others will be seen reporting their results.

Bajaj Finance, Tech Mahindra, Nestle India, HCL Technologies, Maruti Suzuki, and others are set to unveil their quarterly performances. Additionally, India's purchasing managers indices (PMI) figures will be unveiled on the macroeconomic front.

ADF Foods Ltd.(up 14.30%), Nakoda Group Of Industries Ltd.(up 1.77%), Heritage Foods Ltd.(up 1.41%), Honasa Consumer Ltd.(up 1.14%), Hindustan Unilever Ltd.(up 0.76%), Emami Ltd.(up 0.62%), Dodla Dairy Ltd.(up 0.54%), Godrej Consumer Products Ltd.(up 0.53%), Hatsun Agro Products Ltd.(up 0.39%) and Tata Consumer Products Ltd.(up 0.32%) stood among the top gainers.

Promoters of over 200 companies increased their shareholdings in the quarter ended March 2024, as optimism around long-term business prospects dominated near-term concerns over elevated valuations. According to an ET study of the shareholdings of 2,300 companies, which have disclosed their fourth quarter shareholdings so far, stake increases by promoters in these firms are the highest in over eight quarters. While some promoters raised their holdings through rights issues or converting warrants into shares, many bought shares from the open market.

Indo Tech Transformers Ltd.(up 10.00%), KPI Green Energy Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.95%), Reliance Power Ltd.(up 4.94%), Torrent Power Ltd.(up 3.64%), Energy Development Company Ltd.(up 3.58%), Power Grid Corporation of India Ltd.(up 3.54%), KKV Agro Powers Ltd.(up 3.34%) and Hitachi Energy India Ltd.(up 3.23%) were among the top gainers.

Also Read- Multibagger Stock: KPI Green Energy zoomed over 200% in less than six months, advanced 510% in a year “The forecast of above normal monsoon augurs well for the economy and stock markets. This will enable a 7 % GDP growth for FY 25 with corporate earnings growth of around 14 %" said *V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The Good monsoon will lift the rural economy and improvement in rural income will boost demand for consumer staples, which, in turn, will boost the bottom line of FMCG companies, added Vijayakumar.

Benchmark NSE Nifty closed 124.6 points down at 22147.9 amid selling in frontline bluechip counters.

₹10.9 in March 2021 to currently trade at ₹430.25. Meanwhile, it rallied almost 849 percent in the last 1 year, rising from ₹45.35. In 2024 year-to-date (YTD), the stock has jumped 56 percent, giving positive returns in 3 of the 4 months so far.

Benchmark NSE Nifty closed 246.91 points down at 22272.5 amid selling in frontline bluechip counters.

were among the top gainers.

smallcap stocks that offered double-digit returns this week were only 24. Last week, as many as 400 smallcaps rose in double-digits. The market sentiments worsened as the week went on as investors' hopes for a June rate cut were dashed by higher-than-expected inflation in the US.

Bohra Industries Ltd.(up 3.94%), Sikko Industries Ltd.(up 0.93%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.39%), Coromandel International Ltd.(up 0.31%), Madhya Bharat Agro Products Ltd.(up 0.20%) and Rama Phosphates Ltd.(up 0.11%) were among the top gainers.