Page 57 - Intelligence Group News Today

Historical data shows that an airline gains market share or improves margins amid weak competition. This was true for Interglobe as well. Apart from expanded market share, its operating margin before depreciation and amortisation (EBITDA margin) improved to 31.2% in the June 2023 quarter from 20.9% in the March 2023 quarter despite buoyant crude oil prices at the time.

According to an ETIG analysis, there are 45 companies in the latest ET 500 listing which have reported higher net profit in the first half of FY24 compared with the full year profit in FY23. In addition, these companies have also expanded operating margin before depreciation and amortisation (EBITDA margin

Ethiopia signed a memorandum of understanding with the de facto independent Somaliland Republic, a breakaway region of Somalia, to lease a naval port that will give it Red Sea access in exchange for formally recognizing Somaliland. The port deal has

​​December was the third month after April and May where not a single project was awarded. Given the sluggish trend, analysts expect that NHAI may fall short of achieving the target of awarding 6,000 km for FY24. In such a case, FY24 may be the second consecutive fiscal year to show a drop in projects awarding. In FY23, NHAI awarded 6003 km of road projects, a year-on-year fall of 4.8%.

Neuroncredit has issued shares worth $31.3 million to its parent Advance Intelligence Group, whileKKday Singapore has received $8 million from its parent.

On November 22, the market regulator penalised and barred P Krishnakumar and Jagadeeshan S for a year for giving illegal investment advisory services and ordered them to refund over ₹30 lakh collected as fees through astrology-based prediction packages sold on the website www.ymforecast.com. The two were found to be acting as investment advisors without being registered as such with Sebi.

Mega stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, TCS, Axis Bank and Kotak Mahindra Bank, which collectively account for 48% of the total Nifty 50 weightage, have given return of 9.58% in 2023 compared with the Nifty 50s return of 20%.

Considering the global automobile companies with market capitalisation above $5 billion, four Indian automakers including Tata Motors, Bajaj Auto, TVS Motor Company, and Hero MotoCorp figure in the top 10 ranking according to the Bloomberg data.

According to Bloomberg data, the Nifty Midcap 150 index currently trades at a price-earnings (P/E) multiple of 34.5 compared with its five-year average P/E of 33.7. The Nifty 50 index trades at the five-year average multiple of 24.6.

The introduction of new molecules based on complex chemistry has created growth opportunities for the company which caters to the agrochemicals and pharmaceuticals sectors. The company is in the process of launching 10 new molecules each of which may add about ₹15 crore annually to the top line. The company is expected to report ₹150 crore of incremental revenue in FY24. The total new molecule count so far has reached 58 at the end of September.