Latest news with #Arunika
Business Upturn
11 hours ago
- Business
- Business Upturn
Mukand shares jump 12% after Rs 673 crore land sale agreement in Thane
By Arunika Jain Published on July 24, 2025, 09:31 IST Shares of Mukand Ltd surged nearly 12% in early trade on Thursday to ₹152.02, following the company's announcement that it has signed an agreement to sell land parcels in Kalwe and Dighe, Thane for a total consideration of approximately ₹673 crore. The stock opened at ₹141.49 and rallied to an intraday high of ₹162, before trading near ₹152 at 9:20 am. This compares to the previous close of ₹135.75. Trading volumes were robust, with over 7 lakh shares changing hands on the NSE. Mukand informed the stock exchanges that the agreement for sale was executed on July 23, 2025, with AGP DC Infra Private Limited for around 17.77 acres of land, including a 50% undivided share in an access road and non-exclusive rights over an additional 0.16-acre parcel. The sale price has been fixed at no less than ₹86,980 per sq. metre, and the company has already received an advance payment of ₹110 crore. The transaction is subject to regulatory approvals, fulfilment of certain conditions precedent, and due diligence by the buyer. Mukand clarified that this land sale will not impact its operations and does not constitute a sale of an undertaking under Section 180(1)(a) of the Companies Act, 2013. The proceeds are expected to help the company unlock value from non-core assets and support its financial strategy, though the exact impact on earnings will depend on the final valuation and completion timeline. This land monetisation move has been well received by the market, pushing Mukand's stock close to its 52-week high of ₹188.20. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
13 hours ago
- Business
- Business Upturn
Dr Reddy's stock: CLSA, Jefferies recommend sell, Morgan Stanley says hold — here's why
By Arunika Jain Published on July 24, 2025, 08:40 IST Top brokerages have delivered a mixed outlook on Dr. Reddy's Laboratories following its Q1FY26 results. While Jefferies and CLSA retained their Underperform ratings citing concerns over U.S. business momentum and gRevlimid tapering, Morgan Stanley maintained an Equal-Weight stance with a ₹1,298 target. CLSA: Cautious on U.S. growth taper CLSA kept an Underperform rating with a target of ₹1,120, saying Q1 earnings were in line with estimates. However, it expects the U.S. base business to be flat or grow at low single digits, and noted that gRevlimid sales could start tapering from Q3FY26. The potential launch of Semaglutide in Canada and India may partly offset this slowdown, CLSA added. Jefferies: Q1 miss, watching key launches Jefferies also retained an Underperform rating with a lower target of ₹1,100, citing a Q1 miss due to a decline in U.S. sales, particularly gRevlimid and the base business. SG&A and R&D expenses stayed elevated. However, Jefferies is watching two key pipeline catalysts: the approval of gOzempic in Canada and U.S. filing for Abatacept, which it believes could meaningfully contribute to revenue if launched on time. Morgan Stanley: Balanced view Morgan Stanley took a more neutral stance with an Equal-Weight rating and a target price of ₹1,298. It noted that Q1 revenue grew 11% YoY, but gross margins declined due to higher price erosion and lower operating leverage. EBITDA was in line, while PAT rose 2% YoY. Morgan Stanley believes the risk-reward remains balanced. Disclaimer: The brokerage views expressed above are solely those of the respective firms. This article does not constitute investment advice. Readers are advised to consult their financial advisor before making any investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Business Upturn
17-07-2025
- Business
- Business Upturn
AWL Agri gains 6% after Nuvama retains ‘Buy' rating despite weak Q1 margins
By Arunika Jain Published on July 17, 2025, 11:07 IST Shares of AWL Agri Business Limited (formerly Adani Wilmar) rose nearly 6% to ₹278.05 as of 11:06am on Wednesday, after Nuvama Institutional Equities retained its 'Buy' rating on the stock with a target price of ₹397, implying a potential upside of 51%. Nuvama's optimism stems from the company's robust 20% YoY revenue growth in Q1FY26, largely driven by higher realisations in the Edible Oil segment. However, the earnings report also revealed a sharp 41% YoY decline in EBITDA due to persistently high input costs. A commodity derivative gain of ₹150 crore helped cushion the margin hit. Despite the topline performance, volumes slipped 5% YoY as rice and palm oil segments underperformed. Gross margin contracted 340 basis points to 9.4%, while EBITDA margin narrowed 222 bps YoY to 2.1%. 'In light of a weak Q1, we are cutting our FY26 and FY27 EBITDA estimates by 6.8% and 5.3%, respectively,' Nuvama noted in its report. The stock witnessed strong trading activity with over 16.5 crore shares exchanged and the day's high touching ₹283.70. AWL Agri's market cap currently stands at approximately ₹34,214 crore. Disclaimer: Views expressed are from the brokerage report cited and do not constitute investment advice. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Indian Express
06-07-2025
- General
- Indian Express
500 varieties of mangoes from across India on display at Delhi's Chanakyapuri
At this celebration of aam, mango lovers are no longer sticking to their favourites: they are wandering from one stall to another, exploring the varieties they have never seen before. While some pick up the fruit to inhale its aroma, others press gently to assess its ripeness. This is day one of the two-day mango festival 'Khass-ye-Aam', being organised for the first time by the New Delhi Municipal Council (NDMC) at Chanakyapuri. Free and open to all, the festival, which began on Saturday, serves as a platform for empowering farmers, promoting agricultural innovation, and celebrating India's rich agricultural diversity. A total of over 500 varieties of mangoes from across the nation are at display, including Arunika, Ambika, Sansesan, Tomy, Fajali, Langra, Lucknow Safeda, Kachcha Meetha, Dudhiya Gola, Matka Gola, Safeda Amin, Desi Kism, Desi Gola, Desi tuharu, Munjar Amin, Kism Azad, Gulab Khas, Gulab Jamun, Dashari, Amrapali, Hathi jhool, Malika, and Chausa. Farmers and cooperatives from states such as Uttar Pradesh, West Bengal, Maharashtra, and Bihar are participating, along with government institutions, including the Indian Council of Agricultural Research (ICAR), Central Institute for Subtropical Horticulture (CISH) in Lucknow, and ICAR-Indian Agricultural Research Institute (IARI) in New Delhi. From the capital, farmers and vendors from Azadpur Mandi display their mango varieties– Nepali Dussehra and Chausa. 'It is an effort to provide direct exposure to farmer societies, research institutes, and vendors, with the spirit of Atma Nirbhar Bharat, while it also highlights the NDMC's commitment to inclusive growth and farmer-centric development,' said NDMC vice chairman Kuljeet Singh Chahal. At a distance of a few metres from the entry gate, over 25 stalls are docked, where mangoes are kept in multiple rows. The stalls read the names of the farmer, cooperatives and their native place. 'Taste it first, then buy it,' says a farmer from Uttar Pradesh as he cuts a fresh slice of Amrapali mango, a hybrid of the 'Dasheri' and 'Neelum' varieties and offers it to a lady. While the farmers attend to the crowd, a sweet competition is unfolding on a round table at a corner, where scientists hold a book and a pen, observing and testing the following categories: Dasheri, Amrapali, Mallika, Chausa, and Ram Kela. Here, along with the scientists, visitors are allowed to taste and provide their input. The air has become sweet, and farmers and scientists have become busy answering the queries of mango lovers. 'Kitne din tak theek rahega ye?' (For how long will this mango be fresh?), 'Bhaiya iski khusboo toh mast aa rahi hai, ek peti ka kitna?' (Brother, this smells good, what is the price of a full box?) were some of the questions asked of the farmers. However, some varieties of mangoes stole the limelight with either their bizarre names or sizes. Two such were 'Sensation' and 'Tommy Atkins', displayed at the stall by the scientist from the Indian Council of Agricultural Research (ICAR)- Central Institute for Subtropical Horticulture (CISH), Lucknow, and ICAR- Indian Agricultural Research Institute (IARI), New Delhi. According to Dr Ashish Yadav, principal scientist from the Lucknow institute, Sensation and Tommy Atkins are both exotic mango varieties from Florida, USA, with the latter accounting for 80 per cent of the US and European market. 'We use Tommy Atkins as a male parent for crossing given its trait of strong firmness, and sensation for its taste, colour and shelf life,' he says, adding that the good traits of mangoes are chosen for hybridising. However, the new varieties developed by the scientists include Awadh Abhaya and Awadh Samriddhi, both with long shell life. Visitors read the names stuck on the basket of mangoes carefully and try to understand what they mean. According to another scientist, Dr Jaiprakash, principal scientist at IARI, Delhi, the names are based on traits. When ripened, the Arunima possesses a deep red hue, like sunlight caught in its skin, 'Samriddhi,' which brings wealth wherever it goes, and 'Awadh Abhaya,' where 'abhaya' means fearless due to its firm skin. 'This is a great platform where the people will get to taste new varieties of mangoes, from the existing ones and so that mango's market also expands,' adds Jaiprakash. Some farmers have come to sell their fruit, while others showcase their harvest and conduct marketing, exchanging numbers with importers and exporters at the site. Soon, the results were announced, and a farmer from Sitapur, Uttar Pradesh, Mohammad Mujeeb, says he won three prizes across the categories. 'I was very sure that I would win in the Ram Kela category. I'm thrilled that Indians are now able to see 500-plus varieties of mangoes just from UP. Festivals like this should happen every year,' he says. The winners get cash prizes. Another farmer, Sudhanshu Maurya from Malihabad, Uttar Pradesh, who has stocks of Mallica, Sensation, and Dussehri kept at the stall, says, 'I can see how this is a delight for the Delhiites who are seeing such varieties for the first time at one place, it's our pride.' A mango lover from Delhi who is very curious about the 'Neembu' variety of mango says, 'The aroma here reminds me of my childhood, I feel like picking one of each variety.' Meanwhile, mango-eating competitions for various age groups are also being organised.
Indian Express
04-07-2025
- General
- Indian Express
‘Khass-ye-Aam': NDMC to host 2-day mango festival this weekend
The New Delhi Municipal Council (NDMC) is gearing up to organise a two-day mango festival, 'Khass-ye-Aam', at Vinay Marg in Chanakyapuri on July 5 and 6. During the festival, visitors will be able to taste varieties of mangoes, try mango dishes while competitions will also be held for the best harvest among farmers. The event will be held at Palika Services Officers' Institute (PSOI) and will begin at noon and go until 9 pm on both days. The PSOI secretary, Krishan Kumar, said that over 300 varieties of mangoes will be displayed by the government mango research institutes, as well as by farmer societies and individuals. At the festival, mango products including juices, shakes, chutney, murabba, pickles will be sold at the stalls. Some of the varieties of mangoes which will be displayed are: Arunika, Ambika, Sansesan, Tomy, Fajali, Langra, Lucknow Safeda, Kachcha Meetha, Dudhiya Gola, Matka Gola, Safeda Amin, Desi Kism, Desi Gola, Desi tuharu, Munjar Amin, Kism Azad, Gulab Khas, Gulab Jamun, Dashari, Amrapali, Hathi jhool, Malika, and Chausa. The event will witness participation from government institutions including the Indian Council of Agricultural Research (ICAR)- Central Institute for Subtropical Horticulture (CISH) Lucknow and ICAR- Indian Agricultural Research Institute (IARI) New Delhi, where the latter will display its mango varieties including Pusa Lalima. Along with the institutions, 10 farmer societies and individuals will display more than 100 varieties of mangoes at each stall in the festival. Twenty-five mango sellers and vendors will set up their stalls at the event, the civic body said. Competitions will also be held between participants along with various entertainment and recreational activities for visitors and children, NDMC said. 'This festival is a part of NDMC's continuing efforts to promote cultural and seasonal festivities that bring communities together and celebrate India's rich agricultural diversity,' the civic body added.
