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Business Upturn
6 days ago
- 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.
Time of India
03-07-2025
- General
- Time of India
‘Khaas-ye-Aam' Mango Fest on July 5-6
New Delhi: New Delhi Municipal Council will host 'Khaas-ye-Aam' at Palika Services Officers' Institute (PSOI) on July 5 and 6. Visitors can check out various mango varieties at the venue between 12 noon and 9 pm. More than 300 mango varieties—such as Arunika, Ambika, Sansesan, Tomy, Fajali, Langra, Lucknowa, and Safeda—will be displayed by govt research institutes and mango farming societies, according to PSOI secretary Krishan Kumar. Along with fresh mangoes, 25 selected sellers will offer mango-based products. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi Institutions like ICAR-CISH (Lucknow) and ICAR-IARI (New Delhi) will be participating in the event. Competitions have been arranged to engage visitors and children.
The Hindu
27-05-2025
- Climate
- The Hindu
What is the Bharat Forecast System: world's highest resolution forecasting model
The India Meteorological Department (IMD) adopted the Bharat Forecast System (BFS), an indigenously developed weather prediction model boasting a 6-kilometre resolution grid. Union Minister of Earth Sciences Dr. Jitendra Singh inaugurated the world's first indigenously developed high-resolution weather forecast systems at a launch ceremony held at Vigyan Bhawan. Also Read: Rains LIVE What is BFS? Bharat Forecast System (BFS) is a cutting-edge weather model that delivers high-accuracy forecasts at an ultra-fine spatial resolution of 6 kilometres. This places India ahead of global peers such as the United Kingdom, the United States, and the European Union, whose models typically operate at 9 to 14 km resolution. Developed indigenously by the Indian Institute of Tropical Meteorology (IITM), Pune, the BFS replaces the older 12-km resolution model and is now operational at the India Meteorological Department (IMD). It marks a milestone under India's Atmanirbhar Bharat mission in climate science and disaster management. How does the BFS work? The improved forecasting system is made possible with high-performance computing systems 'Arka' and 'Arunika' located at the IITM, Pune and the National Centre for Medium Range Weather Forecasting, Delhi. This allows forecasters to issue timely alerts and fine-tuned predictions across a broad spectrum of weather phenomena, from rainfall to cyclones and heatwaves. How accurate is the Bharat Forecast System? According to the IMD, the BFS shows 64% better accuracy than previous models and delivers up to 30% improvement in forecasting extreme weather events such as heavy rainfall. This enhancement is crucial for India, a country frequently affected by monsoon variability and climate-induced disasters. Union Minister of Earth Sciences Dr. Jitendra Singh stated that the BFS is expected to contribute significantly to India's economic resilience, especially in sectors like agriculture, water management, and infrastructure. Launched the first-of-its-kind, state-of-the-art indigenous "Bharat Forecast System" #BharatFS by 'India Meteorological Department' under the Ministry of Earth Sciences #MoES. A major leap in IMD's capabilities, this breakthrough places India among global leaders in weather… — Dr Jitendra Singh (@DrJitendraSingh) May 26, 2025 With climate volatility on the rise, the Bharat Forecast System positions India as a global leader in precision weather forecasting, ensuring that science serves communities from the national level down to the last village.
