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