Promoters held 68.6 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 7.28 per cent and 5.44 per cent, respectively.
Sudarshan Chemicals – Can it colour our portfolio green? (14-10-2024)
Management looking to raise funds
Vishnu Chemicals – Is Growth sustainable? (14-10-2024)
As per SEBI regulations, at least half of the board of directors shall comprise of independent directors, where the listed entity does not have a regular non-executive chairperson.
Vishnu Chemicals’ board comprises of more than 50% independent directors, which is in full compliance with the regulations. Moreover, CMD’s son as Joint MD gives clarity on succession.
As per the best international corporate governance practices, role of chairman and managing director should be split. However, most of the family owned companies in India have not done it. Also, this is more important for larger companies. While this may not be the best CG practice as per global norms, but well inline with the practical aspects in India. This is not a red flag situation.
As per the best international CG practices, shareholding should not be concentrated. However, many investment gurus give significant importance to promoters’ skin in the game with majority shareholding. In my opinion, many Indian companies with significant promoter stake have done very well at the same time there are only handful of Indian companies with dispersed shareholding having such track record.
Vascon Engineers wins order of Rs 57.22 cr from Mumbai Metro Rail Corporation (14-10-2024)
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Coal India Ltd soars 1.28%, rises for third straight session (14-10-2024)
Coal India Ltd is quoting at Rs 499.25, up 1.28% on the day as on 12:49 IST on the NSE. The stock is up 60.02% in last one year as compared to a 27.35% gain in NIFTY and a 52.14% gain in the Nifty Energy index.
Zomato – Should you order? (14-10-2024)
I think a profit margin of 5 percent is not optimistic. Actually a bear case profit margin would be 5 percent. An optimistic bet would be 12-15 percent. And base case 8 percent.
Bharat Forge shares fall 0.91% as Nifty gains (14-10-2024)
The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.
Oriental Hotels PAT rises 7% YoY in Q2 FY25 (14-10-2024)
Oriental Hotels consolidated net profit increased 6.62% to Rs 8.38 crore in Q2 FY25 as against Rs 7.86 crore posted in Q2 FY24.