Manufacturing Financial News

DOMS Industries rallied 10% on Tuesday on BSE to its new all-time high of Rs 2,035 after reporting a 29.6% year-on-year (YoY) growth in its Q4 PAT at Rs 46.93 crore against Rs 36.21 crore in the fourth quarter last year. The company also posted a 20% YoY growth in its revenue from operations which stood at Rs 402.74 crore for the quarter ended March 2024.

«But for me, it is largecaps the way forward and I am pretty clear that this is also a choice based on one's own, pardon my saying so, but age and stage in life if you will. I am not one who would go gung-ho on smallcaps, at least not at this point in time,» says N Jayakumar, MD, Prime Securities. And given that the markets are also leaning on the high possibility of continuity and that is perhaps what is giving a lot of comfort, what would be the allocation when it comes to large, mid and smallcaps? I think at this point in time the greatest comfort is in largecaps. They may give lower returns than some of the midcaps and certainly less than some of the smallcaps but I think at 23,000 preservation of capital is far more important than return on capital and this is especially true I would say for this year which is 24-25 at least for the first half.

DOMS Industries share price gained 10% during the intraday trades on Tuesday to all time high of ₹2035 on the NSE . With todays gains the DOMS Industries share price is up more than 150% over IPO price of ₹790. With this DOMS Industries share price has given Multibagger returns to the investors.

₹147.65 after a 5 percent stake in the firm changed hands via a block deal at a floor price of ₹151, a discount of 8 percent from the previous close. The stock has rallied 460 percent in the last 1 year.According to media reports, approximately 1.69 crore shares of the firm were traded, resulting in a turnover of ₹257.61 crore on the BSE. The identities of the buyers and sellers have not been disclosed.

₹482. Post today's jump, it has now advanced over 43 percent from its 52-week low of ₹336.40, hit on March 14, 2024.

NALCO, a PSU firm engaged in alumina and aluminum manufacturing and sales, soared 6.1% to reach a historic peak of ₹206.30 apiece in early morning trading today, driven by the company's robust performance for Q4 and the full fiscal year (FY24).On Monday, the company reported a 101% YoY surge in its consolidated profit to ₹996.74 crore for the March quarter, propelled by a significant drop in expenses, which declined by 14% YoY to ₹2,720 crore in Q4. This starkly contrasts with the net profit of ₹495 crore reported in the corresponding period last year.Also Read: How does the BSE 500 index offer exposure to a wide basket of stocks?For FY24, it reported a PAT of ₹1,988 crore, a 38.63% improvement compared to the previous fiscal year's PAT of ₹1,434 crore.

₹1,600 - 1,700 , Olectra Greentech share price has successfully broken out of a bearish trendline that had persisted for 3 - 4 months. “Olectra Greentech stock is now comfortably maintaining its position above this trendline, indicating a strong upward movement.

Narendra Modi returning to power for a rare third consecutive term will boost shares of defence, infrastructure, railway and capital goods companies, the head of brokerage Motilal Oswal Financial Services said."These were areas where the government has focussed on, invested money. High probability that the ruling government will continue.

Stock market strategy: After a sixth phase of polling in Lok Sabha Election 2024, poll pundits are busy assessing the Lok Sabha Election outcome on 4th June 2024. However, stock market experts are also active as they zero in on the segments that may outperform the average market returns in the short, medium, or long term.

With the Joe Biden administration imposing massive new tariffs on Chinese-made electric vehicles, some experts argue that a American-style tariff may not make sense for Canada.

defence ministry is tightening the monitoring of defence equipment being manufactured in India and has asked the industry to strictly follow end-user certification rules when it comes to exports, after some reports of equipment going into the «wrong hands» have come up. The Indian defence sector has seen a sharp increase in production of arms and weapons for both internal use and export orders in the past few years. Weapons manufacturing is on the rise throughout the world, given the Ukraine-Russia crisis, and multiple reports have emerged of weapons landing up on either side of the conflict without proper authorisation by the country of origin. The ministry is now looking to set up an internal portal that will monitor consumption patterns of imports being done by defence sector companies, particularly when it comes to explosives and primers.

High Court has restrained Dubond Products India from manufacturing, distributing or selling its waterproofing product that allegedly has identical trade mark/dressing of Dr Fixit until further order. Mumbai-based Pidilite Industries, the maker of Fevicol and M-Seal adhesive brands, has approached the court to restrain Dubond Products from allegedly infringing its registered trademarks, copyright and passing off for its waterproofing brand Dr Fixit LW. Passing off in intellectual property rights (IPR) law means making a false representation that is likely to induce a person to believe that the goods or services are those of another. «The balance of convenience is overwhelmingly in favour of the plaintiff (Pidilite). Further, irreparable harm and loss will be caused to the plaintiff due to the defendant's continued use of the marks which are wrongful activities,» observed Justice RI Chagla in its order of May 21. «The defendant has various other products apart from the impugned product and therefore the defendant's business will not be affected upon the grant of injunction,» he said further in a 81-page order.

committee will examine if manufacturing of nutraceuticals should be allowed within drug manufacturing facilities. India's drug regulator had said earlier that action will be taken against those flouting norms by manufacturing supplements and drugs in the same facility. However, following objections raised by various pharma lobbies, the drug regulator has formed a committee that will give its recommendations within three weeks on the issue. The committee comprises senior officials from the regulatory authority, experts from the National Institute of Pharmaceutical Education and Research (NIPER) and an industry expert.

Google has leased 649,000 sq ft office space at Alembic City in Whitefield, Bengaluru, at a monthly rental of ₹62 per sq ft for a three-year lock-in period as part of its expansion strategy in India, said people aware of the deal. «This move is in line with the tech giant's proactive approach to leasing both traditional and flexible office spaces in major cities to strengthen its presence,» one of the persons said. In 2022, Google Connect Services India Pvt. Ltd, a subsidiary of the US technology conglomerate, had a renewed rental pact for about 600,000 sq ft office space in Hyderabad. The company also agreed with Bagmane Developers to lease 1.3 million sq ft office space in Bangalore. «Since 2020, Google's office space portfolio in India has increased by 3.5 million sq ft,» another person said. «The firm has a presence in five cities in India spread over 9.3 million sq ft of real estate footprint,» he said.

₹1,775 crore, as per a term sheet obtained by Mint.The promoters are offering to sell up to 5 million shares, with a total deal value estimated to be around ₹1,775 crore ($213 million). The shares are being offered at a floor price of ₹3,550 per share, representing a discount of 10.2% compared to Timken India's closing price of ₹3,951.5 on the NSE on Monday.Spokespersons of Bank of America, which is managing the stake sale, did not respond to Mint's request for comment.Currently, Timken Singapore holds a 57.7% stake in Timken India, which manufactures anti-friction bearings, primarily tapered roller bearings, and mechanical power transmission products for customers in diverse sectors.This is not the first time that Timken India's promoters are exploring a stake sale.

HCLTech on Monday said it has partnered with British semiconductor and software design company Arm to work on custom silicon chips that support AI-driven business operations. A semiconductor designed for a specific task is referred as custom silicon chip. The partnership will enable semiconductor manufacturers, system OEMs (original equipment manufacturers) and cloud services providers to enhance the computing efficiency of their data centre environments, HCLTech said in a statement.

Also Read: Avaada Energy secures 1,050 MWp solar power project from NTPCHere’s a small example of how solar investing works if you are investing in solar assets through a Limited Liability Partnership (LLP).Initiation by an Organization: An organisation or housing society wants to set up cost-effective solar power for their consumption and have another source of energy. They don’t want to do it on their own as they are not sure about the initial investments.Role of the Leasing Platform: Now, a leasing platform steps in, instals, and maintains the solar panels.

Flipkart has FOMO? Zepto and Blinkit are changing the e-commerce giant Separately, one of Dunzo’s financial creditors has also filed an insolvency application against the company. Dunzo said, however, that it was close to reaching a settlement with this lender. In November, Dunzo’s operational creditor Velvin Group, an Indian manufacturer of sustainable packaging solutions, initiated insolvency proceedings against the company.

₹139 and ₹147 per equity share with a face value of ₹10 each. The lot size for the Vilas Transcore IPO is 1,000 shares. A minimum of 1,000 equity shares must be applied for, with further shares applied for in multiples of 1,000.

₹153-161 a share. The Aimtron Electronics IPO will become available for subscription to investors om Thursday , 30 May, 2024 and will close on Monday 3 June 2024.Aimtron Electronics Initial public offering (IPO) is a fresh issue of 54.05 lakh shares and Aimtron Electronics plans to raise ₹87.02 crore through the issue.

Bombay High Court has recently restrained Dubond Products India Pvt Ltd from manufacturing, distributing or selling its waterproofing product that has allegedly identical trade mark/dressing of Dr Fixit until further order. Mumbai-based Pidilite Industries, the maker of Fevicol and M-Seal adhesive brands, has approached the court to restrain Dubond Products from allegedly infringing its registered trademarks, copyright and passing off for its waterproofing brand Dr Fixit LW. Passing-off in intellectual property rights (IPR) law means making a false representation that is likely to induce a person to believe that the goods or services are those of another.