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Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Hem Securities report on Dollar Industries Dollar Industries Q4 FY22 consolidated revenues came in at ₹ 376 Cr, up 21% YoY and down 1.8% QoQ with a volume decline of 2% YoY. PBIDT for Q4FY22 stood at ₹ 59 Cr, up 78% YoY and down 10.1% QoQ. PBIDTM for Q4FY22 came at 15.7%, up 500 bps YoY and down 146 bps QoQ. PAT for Q4FY22 stood at ₹ 37Cr, up 84.6% YoY and down 16.4% QoQ. Gross margins were impacted due to a steep increase in cotton yarn prices. Outlook We initiate a “BUY” rating on the stock and value the stock at 13.7x FY24E earnings to arrive at the target of ₹537. Close More Info At 12:08 hrs Dollar Industries was quoting at Rs 462.05, up Rs 7.50, or 1.65 percent. It has touched an intraday high of Rs 465.40 and an intraday low of Rs 460.65. It … [Read more...] about Buy Dollar Industries; target of Rs 537: Hem Securities

Deepinder Goyal. Zomato announced on June 24 that its board had approved the acquisition of quick commerce company Blinkit for Rs 4,447 crore. According to the terms of the agreement, Blinkit shareholders will get a cumulative stake of 6.88 percent in Zomato and the target company’s leadership team, including co-founder and CEO Albinder Dhindsa, will stay on to run the ship. But, questions still remain about how Zomato, a company that registered losses of Rs 1,223 crore in FY22, plans to derive value from acquiring another loss-making delivery startup. The food delivery major’s top executives put out a ready reckoner laying out the rationale behind the deal. From having a Blinkit tab on the Zomato app to sharing delivery fleets to cut costs, here are some of the important reasons that came through from what they said: Increased customer wallet share Close “Quick commerce will help us increase the customer wallet share spent on our platform and … [Read more...] about Seven reasons for Zomato’s Rs 4,447-crore Blinkit buyout deal

President Joe Biden was seeking much tougher measures on guns, including a ban on military style rifles often used by mass shooters WASHINGTON - President Joe Biden on Saturday signed into law the first significant federal bill on gun safety in decades, saying that while it falls short of what's really needed it will "save lives." "While this bill doesn't do everything I want, it does include actions I've long called for that are going to save lives," he said at the White House before leaving for two major diplomatic summits in Europe. The gun legislation includes enhanced background checks for younger buyers and federal cash for states introducing "red flag" laws that allow courts to temporarily remove weapons from those considered a threat. Billions of dollars have been allocated to crack down on "straw purchasers" who buy firearms for people not allowed to own them, and to curb gun trafficking. However, much tougher measures wanted by Biden and other Democrats did not … [Read more...] about Biden signs first significant US gun control law in decades

This picture taken in eastern Syrian province of Deir Ezzor shows explosions following shelling by the US-backed forces on the Islamic State group’s embattled holdout of Baghouz, on March 11, 2019.  (Photo by BULENT KILIC / AFP) Beirut, Lebanon — Eight years of war in Syria have left more than 370,000 people dead including 112,000 civilians, a monitor said Friday. The Syrian Observatory for Human Rights, which has a network of sources across the country, said more than 21,000 children and 13,000 women were among the dead. The conflict flared after unprecedented anti-government protests in the southern city of Daraa on March 15, 2011. Demonstrations spread across Syria and were brutally suppressed by the regime, triggering a multi-front armed conflict that has drawn in foreign powers and militant groups. The Britain-based Observatory’s last casualty toll on the Syrian conflict, issued in September, stood at more than 360,000 dead. Over 125,000 Syrian government … [Read more...] about Syria death toll tops 370,000 in 8 years of war — monitor

A woman takes a picture of a globe at the COP21, the United Nations Climate Change Conference Monday, Dec. 7, 2015 in Le Bourget, north of Paris. The Paris conference is the 21st time world governments are meeting to seek a joint solution to climate change. The talks are focused on reducing emissions of carbon dioxide and other greenhouse gases, primarily by shifting from oil, coal and gas to cleaner sources of energy. AP LE BOURGET — Weary envoys from 195 nations battling to forge an accord to save mankind from disastrous global warming emerged Thursday from all-night talks facing an imminent deadline with deal-breaking rows still unresolved. More than two decades of bruising international diplomacy have failed to produce such a pact, which would require the world’s energy system to cut back on burning coal, oil and gas that releases planet-warming gases. The 195-nation UN talks in the French capital have been billed as the last chance to avert worst-case-scenario climate … [Read more...] about Crunch time after all-night climate talks in Paris

Wall Street, New York City (File image: Reuters) Wall Street's main indices soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans. The S&P 500 rose over 3% for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index's sectors ended at least 1.5% higher. Stocks rebounded this week as financial markets have been roiled over worries that rapid rate hikes by the Fed to rein in 40-year-high inflation could cause a recession. Still, investors have been gauging when the market might hit its bottom after the benchmark S&P 500 earlier this month recorded a 20% drop from its January closing peak, confirming the common definition of a bear market. "Some of the moves, the sellers just get exhausted so you don’t have as much capital moving out," said Shawn Cruz, head trading strategist at TD Ameritrade. "This might be a … [Read more...] about Wall Street mints big gains to end a strong week

With inflation breaking records, gas prices pushing $10 per gallon and the border exploding with hundreds of thousands of illegal immigrants, President Joe Biden decided to issue an executive order to “enhance protections for transgender children and take steps to ban conversion therapy as efforts continue in Texas and other states to restrict gender-affirming medical care.” “Gender affirming medical care” is a woke term that includes chemical castration and puberty blockers, as well as hormone injections from the opposite sex. It also includes actual castration and mastectomies that are not medically necessary. These irreversible and dangerous medical actions are more accurately described as “gender destroying.” They have nothing to do with care. There’s no way to know what the president means by “conversion therapy” in this this context, but it is clearly an effort prohibit any restrictions by states like Texas against parents who want to experiment on their own children with … [Read more...] about SYLVESTER: Inflation, Gas Prices, Drag Queens And Biden’s Sinking Poll Numbers

Share to Twitter Share to Linkedin You've probably seen the pictures of the mountains of luggage at London's Heathrow Airport. You've heard about the heat wave. And maybe you have friends who got Covid while they were in Europe. With all that's happening, maybe you need a better guide to traveling to Europe this summer. "Tourism is back," says David Corsun, director of the University of Denver's Fritz Knoebel School of Hospitality Management. "Hotels are full. Flights are full. Restaurants are full." Travel by Americans to Europe will soar 600 percent over last summer , according to new projections by Allianz Partners. ADVERTISEMENT Europeans are traveling more, too. A new survey by insurance company Europ Assistance Group found that 71% of Europeans intend to travel during the summer . That's a 14 percentage point increase compared to 2021. But you don't have to get stuck in a crowd and miss the best part of your European vacation. … [Read more...] about The Ultimate Guide To Traveling To Europe This Summer

As Thailand Pass prepares to meet its end come July 1, it looks as if Malaysia is in line to replace the kingdom’s current tourist king, India. Tourism and Sports Minister Phiphat Ratchakitprakarn said yesterday that once Thailand Pass is no more, a larger number of Malaysian tourists than Indians is expected to make their way to the ‘Land of Smiles.’ Indians have so far made up Thailand’s biggest tourist group this year, with 100,884 arriving between January 1 and May 24. But earlier this month, Malaysians flooded into Phuket . Daily AirAsia flights from Kuala Lumpur to Phuket were fully booked. Other hotspots for Malaysian travellers were Bangkok, Krabi, Koh Samui, Phattalung, Pattaya, Chiang Mai, Chiang Rai, Dannok, Had Yai, Betong, and Sungai Golok – the final three on or near the northern Malaysian border. The Tourism Authority of Thailand says 78,523 Malaysian visitors entered the kingdom in the first 5 months of the year. But the Minister failed to take into … [Read more...] about Malaysia set to replace India as tourist king of Thailand