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We totally raised about 200 million. I think that happened in December 22 and Jan of 23. So I think more or less we are done with our Series D funding itself. Now yes, I think we also got very lucky when before the funding winter started and whatsoever I think we also got recognised because of our good business model.

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Increased focus on the ‘water proofing & building chemical’ category will continue to drive revenue growth for Berger. Construction chemicals will form ~10% revenue of decorative paints in the next two years.

The earnings of FMCG companies for the March quarter were lacklustre due to subdued domestic demand, reflecting a weak rural market that makes for 30-40% of sales for consumer staples firms. Volumes have taken a hit over the last few quarters as inflation has damaged consumption, leading to down-trading in certain categories. However, with the easing of commodity prices, companies saw a recovery in their profitability. El Nino weather phenomena could derail the recovery in rural FMCG, though most large and midcap FMCG stocks have outperformed benchmark Nifty 50 over the last year.

Brokerage firms CLSA, Jefferies, and Morgan Stanley have issued their latest ratings on LIC Housing Finance, Bank of Baroda, PVR, Indian Oil Corporation (IOC), and Bharti Airtel. CLSA has maintained a buy rating on LIC Housing Finance, Bank of Baroda, and PVR, with target prices of Rs 550, Rs 225, and Rs 2015, respectively. Jefferies has retained its hold rating on IOC, while Morgan Stanley has continued its overweight stance on Bharti Airtel, with a target price of Rs 860.

BEL shares rise 1.01% as Nifty drops

Updated at : 2023-05-17 11:25:01

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The stock quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 72.12.

Century Plyboards (India), incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 12709.41 Crore) operating in Building Materials secto

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The Indian rupee lost footing, opening at 82.29 and dropping to 82.35 against the US dollar. The falling rupee was attributed to the strengthening of the greenback in the foreign exchange market and a negative trend in domestic equities. The dollar index slightly rose to 102.60 while Brent crude futures went up by 0.11%, exerting downward pressure on the rupee. CR Forex Advisors Managing Director Amit Pabari warned that if there is a risk-off sentiment, there might be an increase in the demand for USD, causing other emerging market currencies to weaken.

No I think you are going to see some consistent buying I do not think that investors are really focused so much on the these near-term domestic concerns because in general Indian companies are growing more rapidly than US companies.

Shares of Vedanta rise as Nifty drops

Updated at : 2023-05-17 11:25:01

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On the technical charts, the 200-day moving average of the stock stood at Rs 289.75.

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Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 7.01 per cent and 3.29 per cent, respectively.

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