News Retail

RIL, IOCL, HPCL, Endurance Tech, V-Mart Retail, KEC International

Chennai Petroleum, MRPL, IOCL, BPCL, HPCL and RIL, Oil India, ONGC

Singapore GRM now trading at $27.4/bbl Vs $26.4/bbl – new highs

Sanctions on Russia and China – the world’s second largest oil refiners – lowering export quotas of oil refineries

KEC International

Secured new orders of Rs 1,092 cr across its various business verticals

Endurance Tech (Analyst Meet Key Takeaways)

Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards

Confident of sustaining the outperformance vs 2Ws industry.

Mgmt. articulated their plan to expand product capabilities for EV components

Dhanuka Agritech (Analyst Meet Key Takeaways)

Delayed start of monsoons have kept ground sentiments lower

Q1FY23 revenue growth for industry likely to be subdued – low double digit growth on a lower base of last year

Taken price hikes of 3-4% across portfolio to pass on inflated cost

RM prices remained stable, led by lower demand in domestic marke

V-Mart Retail (Analyst Meet Key Takeaways)

Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23

20% price hike in Q1 to mitigate the cost inflation will increase the ASP, but will likely result in lower volumes

Consumer spending on fashion wear has overall taken a hit due to rising interest rate

Plans to add 55-60 stores in total in FY23

Suven Lifesciences

Board meeting on 24th June to consider raising of funds through issue of equity shares on rights basis

Fineotex Chemical

To consider fund raising by issue of equity shares on 24 June

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