Stocks Picker Articles

01 Aug 2024 05:21

Corporate Actions

RITES has approved issuance of Bonus shares in the ratio of 1:1, i.e. 1 bonus equity share for every 1 existing equity shares.

Phoenix Mills has approved issuance of Bonus shares in the ratio of 1:1, i.e. 1 bonus equity share for every 1 existing equity shares.


Dividend

01-Aug-24
MPSLTD: Final Dividend - Rs. - 45.00
ABSLAMC: Final Dividend - Rs. - 13.50
GREAVESCOT: Final Dividend - Rs. - 2.00
KARURVYSYA: Dividend - Rs. - 2.40
EMKAY: Final Dividend - Rs. - 1.50
HEROMOTOCO: Final Dividend - Rs. - 40.00
BAYERCROP: Final Dividend - Rs. - 35.00
DISAQ: Final Dividend - Rs. - 100.00
IVP: Final Dividend - Rs. - 1.00
NAVA: Final Dividend - Rs. - 4.00
ESABINDIA: Final Dividend - Rs. - 30.00
TIPSINDLTD: Interim Dividend - Rs. - 2.00
KPT: Final Dividend - Rs. - 2.50
KIRLOSENG: Final Dividend - Rs. - 3.50
KOVAI: Final Dividend - Rs. - 10.00
PERMAGN: Final Dividend - Rs. - 1.80
OBEROIRLTY: Interim Dividend - Rs. - 2.00
TASTYBITE: Final Dividend - Rs. - 2.00

02-Aug-24
SHRIDINE: Final Dividend - Rs. - 30.00
WPIL: Final Dividend - Rs. - 20.00
MUNJALSHOW: Final Dividend - Rs. - 4.50
GLOSTERLTD: Final Dividend - Rs. - 20.00
WIMPLAST: Final Dividend - Rs. - 10.00
ADCINDIA: Dividend - Rs. - 30.00
BDH: Final Dividend - Rs. - 4.50
HBSL: Dividend - Rs. - 1.50
MARUTI: Final Dividend - Rs. - 125.00
LAKSELEC: Final Dividend - Rs. - 15.00
ALBERTDAVD: Final Dividend - Rs. - 11.50
CIPLA: Final Dividend - Rs. - 13.00
MATRIMONY: Final Dividend - Rs. - 5.00
JUBLPHARMA: Final Dividend - Rs. - 5.00
DIVISLAB: Final Dividend - Rs. - 30.00
ADSL: Final Dividend - Rs. - 1.50
BENGALT: Final Dividend - Rs. - 1.00
AVTNPL: Final Dividend - Rs. - 0.50
AJMERA: Final Dividend - Rs. - 4.00
SHARDACROP: Final Dividend - Rs. - 3.00
JUBLINGREA: Final Dividend - Rs. - 2.50
FLEXFO: Final Dividend - Rs. - 0.50
NH: Dividend - Rs. - 4.00
COFORGE: Interim Dividend - Rs. - 19.00
TVSELECT: Final Dividend - Rs. - 1.00
MINDTECK: Final Dividend - Rs. - 1.00
SAHYADRI: Final Dividend - Rs. - 1.00
INDIGOPNTS: Final Dividend - Rs. - 3.50
EVERESTIND: Final Dividend - Rs. - 2.50
SHILCTECH: Final Dividend - Rs. - 12.50
MONARCH: Final Dividend - Rs. - 1.00
CELLO: Final Dividend - Rs. - 1.50
BIGBLOC: Final Dividend - Rs. - 0.40
MAPMYINDIA: Final Dividend - Rs. - 3.50
SHAREINDIA: Interim Dividend - Rs. - 0.40
JLHL: Final Dividend - Rs. - 1.00
GMMPFAUDLR: Final Dividend - Rs. - 1.00
KELENRG: Final Dividend - Rs. - 1.50
CHOLAHLDNG: Final Dividend - Rs. - 0.55
BHAGCHEM: Final Dividend - Rs. - 0.10
EMBASSY: Income Distribution RITES
MINDSPACE: Income Distribution RITES
VEDL: Interim Dividend - Rs. - 4.00

IPO
Akums Drugs and Pharmaceuticals: 30-Jul-24; Close: 01-Aug-24
Ceigall India: 01-Aug-24; Close: 05-Aug-24
Ola Electric Mobility: 02-Aug-24; Close: 06-Aug-24

Buyback
Welspun Living: Ex-Date: 05-Aug-24
Indus Towers: Ex-Date: 09-Aug-24

Bonus
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Indowind Energy: 26-Jul-24; Close: 05-Aug-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24

Open Offer
Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

Stocks Picker Articles

01 Aug 2024 04:53

*Redington:* Net profit at Rs 246 cr vs Rs 249 cr, Revenue at Rs 21280 cr vs Rs 21200 cr (YoY) (Neutral)

*Bank of Baroda:* Net profit at Rs 4458.2 cr vs Rs 4070.1 cr, NII at Rs 11,600 cr vs Rs 10,996.7 cr (YoY) (Neutral)

*Teamlease:* Net profit at Rs 20.8 cr vs Rs 26.4 cr, Revenue at Rs 2580 cr vs Rs 2172 cr (YoY) (Neutral)

*Asahi India:* Net profit at Rs 77.9 cr vs Rs 103.8 cr, Revenue at Rs 1133 cr vs Rs 1089 cr (YoY) (Neutral)

*ENIL:* Net profit at Rs 5.4 cr vs Rs 5.8 cr, Revenue at Rs 1094 cr vs Rs 983 cr (YoY) (Neutral)

*Barbeque Nation:* Company buys further 4.14% stake in unit Red Apple Kitchen (Neutral)

*Phoenix Mills:* Net profit at Rs 230 cr vs Rs 240 cr, Revenue at Rs 900 cr vs Rs 800 cr, announced bonus share 1:1 (YoY) (Neutral)

*Sumitomo Chemicals:* Company’s promotes Suresh Ramachandran to position of Deputy MD with effect from September 10 (Neutral)

*Godfrey Phillips:* Company announces that it will proceed with its plan to exit the retail business under the ‘24Seven’ brand. (Neutral)

*JK Lakshmi:* Board approves composite Scheme of Amalgamation & arrangement amongst companies. (Neutral)

*Tata Steel:* Company includes Rs 17,347 crore worth impact as contingent liability. (Negative)

*Infosys:* DGGI claims Infosys evaded GST of ₹32,403.46 crore (Negative)

*Nuvoco Vistas Corp:* Net profit at Rs 2.8 Cr vs Rs 100.4 cr, Revenue at Rs 2637 cr vs Rs 1411 cr (QoQ) (Negative)

*KRBL:* Net profit at Rs 86.56 cr vs Rs 194.65 cr, Revenue at Rs 1199 cr vs Rs 1414 cr (YoY) (Negative)

*Rites:* Net profit at Rs 90 cr vs Rs 120 cr, Revenue at Rs 486 cr vs Rs 544 cr (YoY) (Negative)

*TCNS:* Net loss at Rs 60 cr vs Rs 37 cr, Revenue at Rs 206 cr vs Rs 244 cr (YoY) (Negative)

Stocks Picker Articles

31 Jul 2024 05:34

Forthcoming Event

31st July: MURUDCERA, RITES to consider Dividend; IFL Enterprises to consider Dividend & Bonus issue; JBM Auto to consider Fund Raising; Ashika Credit Capital to consider Amalgamation & Fund Raising; IFL Enterprises to consider Dividend & Bonus issue; RITES, Phoenix Mills to consider Bonus issue

01st August: GESHIP, VAIBHAVGBL to consider Dividend; Power & Instrumentation (Gujarat) to consider Fund Raising; Pocl Enterprises to consider Stock Split

02nd August: CAMS, MAFATIND, MOLDTKPAC, MOLDTECH to consider Dividend; Contil India to consider Stock Split; Black Box, Equinox India Developments to consider Fund Raising; TTK Prestige, Dhanuka Agritech to consider Buyback

03rd August: Jay Bharat Maruti, Sarda Energy & Minerals to consider Fund Raising; Savita Oil Tech to consider Buyback

05th August: Cera Sanitaryware to consider Buyback; Happiest Minds Technologies to consider Fund Raising

06th August: AEL, BATAINDIA, MANINFRA, RAIN, SYMPHONY to consider Dividend; Semac Consultants, J.Kumar Infraprojects to consider Fund Raising

07th August: GODREJCP, SKMEGGPROD to consider Dividend; Master Trust, Sukhjit Starch & Chemicals to consider Stock Split; AIA Engineering to consider Buyback

08th August: CONCOR, PAGEIND to consider Dividend; Mindteck (India) to consider Bonus Issue; Jash Engineering to consider Stock Split

09th August: GOLDIAM, INSECTICID, RAJTV, SATIA to consider Dividend;

Stocks Picker Articles

31 Jul 2024 04:48

*Fund Houses Recommendations*


CLSA on *Persistent:* Upgrade to Outperform on Company, raise target price at Rs 5525/Sh (Positive)

Macquarie on *DMart:* Maintain Outperform on Company, raise target price at Rs 5600/Sh (Positive)

Citi on *GAIL:* Maintain Buy on Company, raise target price at Rs 250/Sh (Positive)

Citi on *Indus Tower:* Maintain Buy on Company, raise target price at Rs 500/Sh (Positive)

Jefferies on *Macrotech:* Maintain Buy on Company, target price at Rs 1500/Sh (Positive)

Jefferies on *IOCL:* Maintain Hold on Company, raise target price at Rs 180/Sh (Positive)

Nomura on *IOCL:* Maintain Buy on Company, raise target price at Rs 195/Sh (Positive)

UBS on *IOCL:* Maintain Buy on Company, raise target price at Rs 210/Sh (Positive)

Jefferies on *VBL:* Maintain Buy on Company, raise target price at Rs 1800/Sh (Positive)

Citi on *Cartrade:* Maintain Buy on Company, target price at Rs 1075/Sh (Positive)

Nomura on *FSL:* Maintain Buy on Company, raise target price at Rs 300/Sh (Positive)

Nomura on *Exide Ind:* Maintain Buy on Company, target price at Rs 589/Sh (Positive)

Nomura on *Kansai Nerolac:* Maintain Buy on Company, target price at Rs 375/Sh (Positive)

MS on *BEL:* Maintain Overweight on Company, raise target price at Rs 375/Sh (Positive)

CLSA on *Dixon tech:* Downgrade to Hold on Company, raise target price at Rs 11400/Sh (Neutral)

GS on *Dixon tech:* Maintain Sell on Company, raise target price at Rs 6740/Sh (Neutral)

Nuvama on *Dixon tech:* Maintain Hold on Company, raise target price at Rs 12000/Sh (Neutral)

Investec on *Star Health:* Maintain Sell on Company, target price at Rs 580/Sh (Neutral)

CLSA on *Sterlite Tech:* Maintain Underperform on Company, target price at Rs 110/Sh (Neutral)

GS on *Tata Consumer:* Maintain Neutral on Company, target price at Rs 1086/Sh (Neutral)

Citi on *Tata Consumer:* Maintain Buy on Company, target price at Rs 1284/Sh (Neutral)

Nomura on *India Mart:* Maintain Neutral on Company, target price at Rs 2520/Sh (Neutral)

Stocks Picker Articles

31 Jul 2024 04:38

*Stocks in News*


*Torrent Power:* Net profit at Rs 996.3 cr vs Rs 532.3 cr, Revenue at Rs 9,033.7 cr vs Rs 7,327.6 cr (YoY) (Positive)

*Gail:* Net profit at Rs 2,724 cr vs poll of Rs 2,334 cr, Revenue at Rs 33,673.8 cr vs poll of Rs 33,464 cr (Positive)

*Jindal Saw:* Net profit at Rs 441.0 cr vs Rs 265.0 cr, Revenue at Rs 4939 cr vs Rs 4410 cr (YoY) (Positive)

*Johnson Control:* Net profit at Rs 36.2 cr vs loss of Rs 41 cr, Revenue at Rs 996 cr vs Rs 567.2 cr (YoY) (Positive)

*TVS SCS:* Net profit at Rs 7.5 cr vs loss of Rs 51.1 cr, Revenue at Rs 2540 cr vs Rs 2288 cr (YoY) (Positive)

*Dixon Tech:* Net profit at Rs 139.7 cr vs poll of Rs 115 cr, Revenue at Rs 6,579.8 cr vs poll of Rs 5,325 cr (Positive)

*India Mart:* Net Profit at Rs 114 Cr Vs Rs 83 Cr, Revenue at Rs 331 Cr Vs Rs 282 Cr (YoY) (Positive)

*Ajanta Pharma:* Net profit at Rs 245.8 cr vs poll of Rs 209.2 cr, Revenue at Rs 1,144.9 cr vs poll of Rs 1,119.2 cr (Positive)

*Lloyd Eng:* Net profit at Rs 21.2 cr vs Rs 12.8 cr, Revenue at Rs 135 cr vs Rs 113 cr (YoY) (Positive)

*Macrotech:* Net profit at Rs 475 cr vs Rs 178 cr, Revenue at Rs 2850 cr vs Rs 1620 cr (YoY) (Positive)

*Zaggle:* Net profit at Rs 16.7 cr vs Rs 2.1 cr, Revenue at Rs 252 cr vs Rs 118 cr (YoY) (Positive)

*V2 Retail:* Net profit at Rs 15.9 cr vs Rs 4.9 cr, Revenue at Rs 415 cr vs Rs 263 cr (YoY) (Positive)

*Waree:* Net profit at Rs 28.2 cr vs Rs 9.1 cr, Revenue at Rs 236 cr vs Rs 128 cr (YoY) (Positive)

*Manorama:* Net profit at Rs 13.5 cr vs Rs 11.5 cr, Revenue at Rs 130 cr vs Rs 111 cr (YoY) (Positive)

*MOIL:* Net profit at Rs 152 cr vs Rs 86.5 cr, Revenue at Rs 520 cr vs Rs 405 cr (YoY) (Positive)

*Star Health:* Net profit at Rs 318.9 cr vs Rs 287.8 cr, Operating profit at Rs 312 cr vs Rs 292 cr (Positive)

*Rajratan Wire:* Net profit at Rs 15.2 cr vs Rs 12.4 cr, Revenue at Rs 220 cr vs Rs 204 cr (Positive)

*Indus Towers:* Net Profit Up 42.9% At Rs 1,925.9 Cr Vs Rs 1,348 Cr, Revenue Up 4.3% At Rs 7,383 Cr Vs Rs 7,075.9 Cr (YoY) (Positive)

*Garden Reach:* GRSE signs MoU with Medha Servo Drives for joint manufacturing of electronics products (Positive)

*Vedanta:* Company gets nod from 75% secured creditors for demerger scheme filing. (Positive)

*Dr Reddy's Lab:* Barclays raises target price to $87 from $81 (Positive)

*Piramal Pharma:* Company to sell plot of land, Factory for about 90 Mln Rupees. (Positive)

*Oriental Aromatics:* Commercial Production at Hydrogenation Plant in Gujarat Commences. (Positive)

*Stanley Lifestyles:* Company to Increase Price of Its Products, Across All Formats By 5.60%. (Positive)

*Paradeep:* India competition regulators approves merger with Mangalore Chemicals. (Positive)

*ITD Cementation:* Company gets order worth Rs 1,237 cr for constructing residential colony in New Delhi. (Positive)

*Paras Defence:* Obtained license from government for manufacturing oh infrared based vision devises. (Positive)

*HFCL:* Company Develops Critical Defense Technologies Indigenously with Focus on Exports. (Positive)

*CG Power:* Company appoints Amar Kaul as MD and CEO, effective July 25. (Positive)

*Onmobile/Delta Corp/Nazara:* Government may allow 100% foreign investment in online gaming. (Positive)

*Tanla Platforms:* USPTO has granted 2 new patents to Tanla Digital Labs Private Limited, a WOS of Tanla Platforms Limited. (Positive)

*Servotech:* Net profit at Rs 6.1 cr vs Rs 5.5 cr, Revenue at Rs 112 cr vs Rs 79 cr (YoY) (Neutral)

*Fine Organics:* Net profit at Rs 113 cr vs Rs 114 cr, Revenue at Rs 550 cr vs Rs 547 cr (YoY) (Neutral)

*Allied Digital:* Net profit at Rs 10.4 cr vs Rs 8.6 cr, Revenue at Rs 179 cr vs Rs 169 cr (YoY) (Neutral)

*Aegis Logistics:* Net profit at Rs 131.5 cr vs Rs 116 cr, Revenue at Rs 1,601.3 cr vs Rs 2,100.5 cr (YoY) (Neutral)

*Titagarh Rail:* Net profit at Rs 67 cr vs Rs 62 cr, Revenue at Rs 903 cr vs Rs 910.8 cr (YoY) (Neutral)

Stocks Picker Articles

30 Jul 2024 05:23

Forthcoming Event

30th July: 360ONE, BALUFORGE, CASTROLIND to consider Dividend; Hubtown, Jindal Stainless, Lloyds Engineering Works, Mehai Technology, Mufin Green Finance, Piccadily Agro Industries, Scanpoint Geomatics, Spandana Sphoorty Financial, The South Indian Bank, Urja Global to consider Fund Raising; Nexus Select Trust to consider Dividend & Fund Raising; Varun Beverages to consider Dividend & Stock Split; Indus Towers to consider Buyback

31st July: MURUDCERA, RITES to consider Dividend; IFL Enterprises to consider Dividend & Bonus issue; JBM Auto to consider Fund Raising; Ashika Credit Capital to consider Amalgamation & Fund Raising; IFL Enterprises to consider Dividend & Bonus issue; RITES, Phoenix Mills to consider Bonus issue

01st August: GESHIP, VAIBHAVGBL to consider Dividend; Power & Instrumentation (Gujarat) to consider Fund Raising; Pocl Enterprises to consider Stock Split

02nd August: CAMS, MAFATIND, MOLDTKPAC, MOLDTECH to consider Dividend; Contil India to consider Stock Split

03rd August: Jay Bharat Maruti, Sarda Energy & Minerals to consider Fund Raising; Savita Oil Tech to consider Buyback

05th August: Cera Sanitaryware to consider Buyback

06th August: AEL, BATAINDIA, MANINFRA, RAIN, SYMPHONY to consider Dividend; Semac Consultants, J.Kumar Infraprojects to consider Fund Raising

07th August: GODREJCP, SKMEGGPROD to consider Dividend; Master Trust, Sukhjit Starch & Chemicals to consider Stock Split

08th August: CONCOR, PAGEIND to consider Dividend; Mindteck (India) to consider Bonus Issue; Jash Engineering to consider Stock Split

09th August: GOLDIAM, INSECTICID, RAJTV, SATIA to consider Dividend;

Stocks Picker Articles

30 Jul 2024 04:21

Stock in Action

Petronet LNG: Petronet LNG reported strong 1QFY25 performance with revenue growth of 15% YoY, though sequentially it declined by 2.7%. EBITDA during the quarter grew by 32.2% YoY and 41.6% QoQ with EBITDA margin expansion of 151 bps YoY and 365 bps QoQ at 11.6%. Net profit during the quarter grew by 35% YoY and 44% QoQ. Dahej terminal reported throughput of 248tbtu in 1QFY2 with 109% utilization. The robust volumes were driven by moderate LNG prices and efficient and optimal operational performance. The utilization of ~109% in 1QFY25 was around 100% as of now. Exceptionally high power demand in May and June led to such high levels of utilization. However, utilization is expected to remain robust going forward. Dahej expansion is expected to complete in Mar’25. The capacity shall increase by 5mmtpa post expansion to 22.5mmtpa. This increase capacity shall be available from FY26. Going forward the key catalysts for the company will be the commissioning of the expanded Dahej capacity, and pipeline connectivity for the Kochi terminal. Positive on Petronet LNG given the strong 1QFY25 performance.

Jyothy Labs Ltd: Jyothy Labs reported strong set of 1QFY25 performance with revenue growth of 8% YoY and 12.4% QoQ. EBITDA during the quarter grew by 13.7% YoY and 23% QoQ with EBITDA margin expansion of 90 bps YoY and 157 bps QoQ at 18%. Net profit during the quarter grew by 5.7% YoY and 30% QoQ. The volume during the quarter grew by 11% YoY on a high base as it continues to focus on direct distribution expansion, innovation, new SKUs coupled with continued investment behind the brands. Within segments, personal care sustained its momentum with fabric wash and dishwash exhibiting a resilient performance. Company continues to gain market shares across most of its categories. Gross margin expanded during the quarter improved by 342bps YoY to 51.3% driven by correction in input cost and favourable mix. Company continued its investment towards brands building and direct distribution. Re-investments behind brands continued with ad-spends up 96bps YoY and 22% YoY on absolute basis to 8.3%. Positive on Jyothy Labs given the healthy 1QFY25 performance.

Stocks Picker Articles

30 Jul 2024 04:20

*Stocks in News*


*Colgate:* Net Profit At Rs 364 Cr Vs Poll Of Rs 332 Cr, Revenues At Rs 1497 Cr Vs Poll Of Rs 1432 Cr (Positive)

*PFizer:* Net Profit At Rs 151 Cr Vs Poll Of Rs 139 Cr, Revenues At Rs 563 Cr Vs Poll Of Rs 536 Cr (Positive)

*Jindal Saw:* Net profit at Rs 441.0 cr vs Rs 265.0 cr, Revenue at Rs 4939 cr vs Rs 4410 cr (YoY) (Positive)

*Data Patterns:* Net profit at Rs 32.8 cr vs Rs 25.8 cr, Revenue at Rs 104 cr vs Rs 90 cr (YoY) (Positive)

*India Glycol:* Net profit at Rs 60.4 cr vs Rs 51.1 cr, Revenue at Rs 2283 cr vs Rs 1894 cr (YoY) (Positive)

*KEI IND:* Net profit at Rs 150 cr vs Rs 121 cr, Revenue at Rs 2060 cr vs Rs 1781 cr (YoY) (Positive)

*Sarla Performances:* Net profit at Rs 16.7 cr vs Rs 6.4 cr, Revenue at Rs 110 cr vs Rs 85 cr (YoY) (Positive)

*Aditya Vision:* Net profit at Rs 53.0 cr vs Rs 37.4 cr, Revenue at Rs 85.1 cr vs Rs 63.3 cr (YoY) (Positive)

*Mangalore Chem:* Net profit at Rs 43.9 cr vs Rs 4.8 cr, Revenue at Rs 814 cr vs Rs 786 cr (YoY) (Positive)

*Novartis:* Net profit at Rs 25.7 cr vs Rs 20.2 cr, Revenue at Rs 92 cr vs Rs 90 cr (YoY) (Positive)

*Omax Auto:* Net profit at Rs 2.6 cr vs loss Rs 1.1 cr, Revenue at Rs 84 cr vs Rs 71 cr (YoY) (Positive)

*Goodluck:* Net profit at Rs 36.0 cr vs Rs 28.6 cr, Revenue at Rs 905 cr vs Rs 846 cr (YoY) (Positive)

*Quess Corp:* Net profit at ₹103.8 cr vs ₹48 cr, Revenue up 8.8% at ₹5,003.1 cr vs ₹4,600.2 cr (YoY) (Positive)

*RITES:* Company and NHAI partners for consultancy services (Positive)

*RVN:* Company gets order worth Rs 739 cr. (Positive)

*Defence Companies:* Ministry: DAC clears capital acquisition proposals to enhance capabilities of Indian Army and Coast Guard (Positive)

*Sona BLW:* Company gets certification for 2 products i.e. Hub Wheel Integrated Motor for electric 2-wheeler. (Positive)

*NBCC:* Company to construct 100 student capacity, 430 bedded medical college in Maharashtra. (Positive)

*Coal India:* Coal output seen growing by 6-7% annually in next few years, says Ministry of Coal. (Positive)

*Power Grid:* Company has currently Rs 1.14 lakh crore of work in hand, says Chairperson RK Tyagi. (Positive)

*ITD Cementation:* Company gets order worth ₹1,237 cr for constructing residential colony in New Delhi. (Positive)

*Indus Tower:* Board Meeting On today to Consider the Proposal of Buyback of shares. (Positive)

*VBL:* Board Meeting On today to Consider the Proposal of Stock split of shares. (Positive)

*Axita Cotton:* Board Meeting On August 08 to Consider the Proposal of bonus shares. (Positive)

*CESC:* Company acquires 63.9% equity shares of stepdown subsidiary, Purvah Green Power. (Positive)

*Godawari Power:* Board Meeting On August 07 to Consider the Proposal of sub division of shares. (Positive)

*BEL:* Defense Acquisition Council approves procuring defense series maps (Positive)

*Bharti Airtel:* Company ready to launch standalone technology after re-farming existing spectrum for 4G services. (Positive)

*Aarti Drugs:* Company’s manufacturing unit Pinnacle Life Science gets EIR from U.S. FDA, successful closure of inspection. (Positive)

*Sonata Software:* Applied Systems Collaborates with Sonata Software for Platform Engineering and Enterprise Modernization (Positive)

*GPPL:* Plutus Wealth bought 25.35 lakh shares at Rs 232.5/Sh (Positive)

*Walchand Nagar:* Promoters release 1.1cr shares worth Rs 418 cr (Positive)

*Sterlite Tech:* STL introduces Optical Connectivity portfolio for the US market (Positive)

*DCM Nouvelle:* Company’s new consultancy arm of chemicals established (Positive)

*ACC:* Net Profit at Rs. 366 Crore vs EST of Rs. 371 Crore, Revenue at Rs. 5156 Crore vs EST of Rs. 5120 Crore (Neutral)

*Kalpataru:* Net profit at Rs 93 cr vs Rs 115 cr, Revenue at Rs 4587 cr vs Rs 4241 cr (YoY) (Neutral)

*Jindal Drilling:* Net Profit at Rs 23 Cr Vs Rs 20 cr, Revenue at Rs 170 Cr Vs Rs 93.9 Cr (YoY) (Neutral)

Stocks Picker Articles

29 Jul 2024 04:58

Stock in Action

Tech Mahindra Ltd .: Tech Mahindra Ltd. reported Q1FY25 revenue from operations of Rs. 13,005.5 crore, up 1% sequentially but down 1.2% from the prior year quarter. Lower subtracting expense and finance costs led to a decline of 3.3% in total expenses. EBITDA of Rs. 1564.5 crore grew 42.3% QoQ and 16.9% while EBITDA Margin came in at 12%, rising 349 bps QoQ and 186 bps YoY. PAT witnessed growth of 30.2% QoQ and 22.9% YoY on the back of demand recovery in its manufacturing, healthcare and retail, transport & logistics segments which saw an uptick of 6.4%, 6.1% and 4.9%, respectively, on a YOY basis. The company's net new deal bookings stood at $534 million compared with $500 million in the prior quarter and $359 million in the year-ago period. The IT attrition rate LTM basis stood at 10.1%, down 270 bps YoY. Management noted that the positive momentum across most industry sectors drove revenue growth and margin expansion. Also the company is on track to meet its targets for FY27 of achieving top line growth greater than its peers, an EBIT margin of 15%, an ROCE of more than 30% and capital return of over 85% of free cashflow. Going forward, the Indian IT sector is likely to pick up the pace in the second half of FY25 due to overall demand recovery. Moreover, Indian IT companies, which have exposure to the U.S. market, stand to benefit from a likely rate cut announcement from the Federal Reserve towards the end of the year. Positive on Tech Mahindra given its healthy Q1FY25 performance and an expected recovery in the IT sector in H2FY25.

Sona BLW Precision Forgings: Sona BLW Precision Forgings reported a strong set of numbers for Q1 FY25, fuelled by a strong recovery in demand and the softening of raw material prices. During 1QFY25, company reported 21.7% YoY growth in revenues, primarily driven by new orders. The battery-driven electric vehicle (BEV) segment reported a 53% YoY revenue increase, constituting 33% of the overall revenues against 29% at the end of FY24. The EBITDA margin remained flat YoY, primarily due to the increase in staff cost. The company wrapped up Q1FY25 with a formidable order book, totalling Rs 23,300 crore, which is 7.3x its FY24 revenue. Notably, the EV segment comprises 79% of this order book, bolstering earnings visibility. Concurrently, the company secured a new EV programme during the quarter, fortifying its market standing. In order to move towards environment-friendly transportation and cleaner energy, there has been a global shift from internal combustion engine (ICE) vehicles to BEVs. The management is upbeat about the burgeoning demand for EVs as businesses and individuals are increasingly adopting cleaner energy alternatives. The company is poised to outshine the industry, owing to its high-value and high-margin product portfolio in the segment. Positive on Sona BLW Precision Forgings given the robust fundamentals of the business, solid financial performance, and significant growth prospects.

Stocks Picker Articles

29 Jul 2024 04:16

*Glenmark Life:* Gujarat Pollution Control Board issues closure notice for company’s Ankleshwar Facility (Negative)

*Hindustan Zinc:* Company received tax order for demand of Rs 1884 crore. (Negative)

*Indoco Remedies:* U.S. FDA inspection at Goa facility ends with 7 observations (Negative)

Stocks Picker Articles

29 Jul 2024 04:16

*Stocks in News*


*Themis Medicare:* Net profit at Rs 20.3 cr vs Rs 6.8 cr, Revenue at Rs 106 cr vs Rs 69 cr (YoY) (Positive)

*Genus Power:* Net profit at Rs 42.4 cr vs Rs 19.3 cr, Revenue at Rs 414 cr vs Rs 261 cr (YoY) (Positive)

*KEC INT:* Net profit at Rs 87.6 cr vs Rs 42.3 cr, Revenue at Rs 4512 cr vs Rs 4244 cr (YoY) (Positive)

*PSB:* Net profit at Rs 182 cr vs Rs 153 cr, NII at Rs 850 cr vs Rs 738 cr (YoY) (Positive)

*Shaily Engineering:* Net profit at Rs 17.4 cr vs Rs 12.6 cr, Revenue at Rs 179 cr vs Rs 157 cr (YoY) (Positive)

*SBFC:* Net profit at Rs 78.7 cr vs Rs 47.0 cr, Revenue at Rs 297 cr vs Rs 230 cr (YoY) (Positive)

*JP Associate:* Net profit at Rs 349 cr vs Rs 192.0 cr, Revenue at Rs 1755 cr vs Rs 1710 cr (YoY) (Positive)

*KFin Tech:* Net profit at Rs 68.07 cr vs Rs 43.40 cr, Revenue at Rs 238 cr vs Rs 182 cr (YoY) (Positive)

*Alankit:* Net profit at Rs 7.4 cr vs Rs 4.7 cr, Revenue at Rs 61.9 cr vs Rs 48.6 cr (YoY) (Positive)

*Dr Reddy:* Net profit at Rs 1,392 crore versus poll Rs 1,335 crore, Revenues at Rs 7,673 crore versus poll Rs 7,183 crore (Positive)

*NTPC:* Net profit at Rs 4511 crore versus poll Rs 4468 crore, Revenues at Rs 12466 crore versus poll Rs 11922 crore (Positive)

*J&K Bank:* Net Profit at ₹415.5 Cr Vs ₹326.5 Cr, NII at ₹1,369.2 Cr Vs ₹1,283.3 Cr (YoY) (Positive)

*PNB:* Net Profit at ₹3251 Cr Vs ₹1260 Cr, NII at ₹10476 Cr Vs ₹10363 Cr (YoY) (Positive)

*Sumitomo Chemicals:* Net profit at Rs 126.7 cr vs Rs 61.7 cr, Revenue at Rs 839 cr vs Rs 724 cr (YoY) (Positive)

*Captain Pipes:* Net profit at Rs 2.11 cr vs Rs 1.35 cr, Revenue at Rs 20.8 cr vs Rs 19.1 cr (YoY) (Positive)

*Asahi Songwon:* Net profit at Rs 4.4 cr vs loss Rs 5.9 cr, Revenue at Rs 134 cr vs Rs 103 cr (YoY) (Positive)

*Anant Raj:* Net Profit Up 79.5% at ₹91 Cr Vs ₹50.7 Cr, Revenue Up 49.2% at ₹471.8 Cr Vs ₹316.2 Cr (YoY) (Positive)

*MCX:* Net Profit Up 26.2% At ₹110.9 Cr Vs ₹87.9 Cr, Revenue Up 29.4% At ₹234.4 Cr Vs ₹181.1 Cr (QoQ) (Positive)

*Karnataka Bank:* Bank partners with ICICI Lombard General Insurance to enhance customer benefits. (Positive)

*BHEL:* Company gets Rs 10,000 cr order for 1600MW Damodar Valley Corp project (Positive)

*BEML:* Company is targeting 20% revenue growth and a ₹25,000 crore order book by the end of FY25 (Positive)

*DLF:* Company's sales bookings surged over threefold to Rs 6,404 crore in first quarter of FY25. (Positive)

*Cera Sanitaryware:* Board Meeting On Aug 5 to Consider the Proposal of Buyback of Fully Paid-up Equity Shares (Positive)

*Filatex Fashion:* Company wins Export Order for White Marble for USD $35m (2.9b Rupees). (Positive)

*Savita Oil Tech:* Board Meeting On Aug 3 to Consider the Proposal of Buyback of Fully Paid-up Equity Shares. (Positive)

*Phoenix Mills:* Board Meeting On July 31 to Consider the Proposal of bonus shares. (Positive)

*Pearl Global:* Company says factories in Bangladesh have resumed normal operations (Positive)

*Jayant Agro:* Company says Gujarat Pollution Control Board revoked order to close Gujarat plant. (Positive)

*Godawari Power:* Company gets 'Permission to Establish' from Chhattisgarh Environment Conservation Board for setting up 2 MT Pellet plant (Positive)

*DCW:* WINRO Commercial India bought 29.1 lakh shares of company (Positive)

*Cigniti:* ICICI Pru Mutual fund bought 2.3 lakh shares of company (Positive)

*Devyani International:* Company enters into shareholders’ agreement with PVR INOX including proposed incorporation of a company. (Positive)

*India Cements:* UltraTech Cement board approves acquisition of India Cements, co to acquire total 32.72% stake at Rs 390/sh for Rs 3,954 crore (Positive)

*SAT Industries:* Company announces acquisition of 90% stake in MR Organisation for Rs 115 Cr (Positive)

*City Union Bank:* Gross NPA at 3.88% vs 3.99% (QoQ), Net NPA at 1.87% vs 1.97% (QoQ) (Positive)

Stocks Picker Articles

26 Jul 2024 04:55

Forthcoming Event

26th July: ACCELYA, NUVAMA, SBC to consider Dividend; City Union Bank, Equitas Small Finance Bank, Shriram Finance, Cholamandalam Investment and Finance, Punjab & Sind Bank to consider Fund Raising; Hazoor Multi Projects to consider Stock Split

27th July: PREMCO to consider Dividend; Dr. Reddy's Laboratories to consider Stock Split

29th July: OMAXAUTO to consider Dividend; Sonalis Consumer Products to consider Fund Raising

30th July: CASTROLIND to consider Dividend

31st July: IFL Enterprises to consider Dividend & Bonus issue

01st August: GESHIP, VAIBHAVGBL to consider Dividend

02nd August: CAMS, MAFATIND to consider Dividend; Contil India to consider Stock Split

03rd August: Sarda Energy & Minerals to consider Fund Raising

Stocks Picker Articles

26 Jul 2024 04:42

Stock in Action

Varun Beverages Ltd: The company, a key player in the global beverage industry with operations spanning across 10 countries with franchise rights and additional 4 countries with distribution rights, witnessed a solid year-over-year growth of 11% in revenues from operations in Q1CY244. Consolidated sales volume grew by 7.2% to 240.2 million cases in Q1CY24 while net realization per case increased by 3.5% to Rs. 179.7 on account of improving product mix in India and higher contribution of International markets which have higher realization per case, driving the top line. The EBITDA margin improved 240 bps to 22.9% in the quarter, led by higher gross margins and increased realization. Notably, PAT climbed 24.9% to Rs. 5,479.8 million in Q1CY24 driven by volume growth, increase in net realization and improved profit margins. Encouragingly, for the 2018-2023 period, revenue, EBITDA and PAT grew at a CAGR of 25.7%, 29.1% and 47.6%, respectively. According to management, “as we move into peak season, the growth outlook stays no way different from the past few years and the performance, given the strong heatwaves prevailing across India during the summer quarters, where we are.” Also, Varun Beverage’s strategic investments focused towards enhancing production capabilities and new acquisitions are likely to strengthen its global presence and help establish a solid platform for sustained growth in the forthcoming period. Positive on Varun Beverages given favorable demand drivers for the current quarter and strategic investment moves.

Hindustan Unilever: Hindustan Unilever 1QFY25 performance was in line with the consensus estimates. Company has been expanding its TAM (total addressable market) by reinvesting in existing categories, adding new products, and using e-commerce to drive penetration. HUL saw a moderate sequential sales growth amid stable demand while negative realisation growth continued for the second consecutive quarter. Since rural growth is still lagging urban, the 4% underlying volume growth (UVG) in Q1FY25 was led by organised and premium segments. The growth in the premium category remans resilient across segments, while e-comm and modern trade channels continued to report growth. Home Care, the largest segment, was led by strong performance in each category across mass and premium brands. The Beauty & Wellbeing segment saw rising hair-care demand in the mass categories. HUL has a structural portfolio advantage as it covers all price points. Resurgence of rural demand could see both mix and tonnage contributing to the UVG in the coming quarters, while a decent monsoon augurs well for rural consumption demand. HUL is aiming for a sustainable volume growth, led by distribution expansion, digital initiatives, and a ramp-up of the alternate channel. Positive on HUL given the decent set of 1QFY25 performance.

Stocks Picker Articles

26 Jul 2024 03:59

*Stocks in News*


*Visuvius:* Net profit at Rs 67.4 cr vs Rs 52.2 cr, Revenue at Rs 460 cr vs Rs 402 cr (YoY) (Positive)

*Home First:* Net profit at Rs 88 cr vs Rs 69 cr, NII at Rs 146 cr vs Rs 125 cr (YoY) (Positive)

*UBL:* Net profit at ₹173.8 cr vs ₹136.3 cr, Revenue at ₹2,475.1 cr vs ₹2,274.8 cr (YoY) (Positive)

*MGL:* Net profit at Rs 284.5 cr vs Rs 264 cr, Revenue at Rs 1589.7 cr vs Rs 1567 cr (QoQ) (Positive)

*Chalet:* Net profit at Rs 60.7 cr vs Rs 88.7 cr, Revenue at Rs 360 cr vs Rs 311 cr (YoY) (Positive)

*Praj Ind:* Net profit at Rs 84 cr vs Rs 59 cr, Revenue at Rs 699 cr vs Rs 737 cr (YoY) (Positive)

*Diamond Power:* Net profit at Rs 16.5 cr vs Rs 5.5 cr, Revenue at Rs 223 cr vs Rs 74 cr (YoY) (Positive)

*Adani Energy:* Net profit at Rs 92 cr vs Rs 63 cr, Revenue at Rs 5379 cr vs Rs 3664 cr (YoY) (Positive)

*Jupiter Wagons:* Net profit at Rs 92 cr vs Rs 63 cr, Revenue at Rs 880 cr vs Rs 753 cr (YoY) (Positive)

*SJVN:* Company gets LoI for allotment of Darzo Lui pumped storage from Mizoam government. (Positive)

*Texmaco Rail:* Company approves acquisition of Jindal Rail Infrastructure from JITF Urban Infrastructure Service. (Positive)

*AU Small Finance Bank:* Company to apply for Universal Banking license. (Positive)

*JITF Infra logistics:* Company approve sale of shares of unit Jindal rail infrastructure, deal for Rs 4.65 Billion. (Positive)

*Menon Bearings:* Company has started commercial production of ‘thrust washers’ with enhanced capacity at its new manufacturing facility at Kolhapur with a capacity to produce 45,00,00 units per annum (Positive)

*B L Kashyap and Sons:* Company secured new orders aggregating to Rs 1.60 Billion. (Positive)

*PC Jeweller:* Company approval of one time settlement proposal by Canara bank, company had opted for OTS to settle the outstanding dues. (Positive)

*Mankind Pharma:* Company to buy Bharat Serums for ₹13,630 cr EV (Positive)

*Kolte Patil:* Company has entered into an agreement for sale of 20% equity stake held by the Company in snow flower properties, deal for Rs 83.8 Million. (Positive)

*IDBI Bank:* Dipam Secys says India aims to finalize Bank's privatization this FY (Positive)

*Indus Towers:* Company to consider first repurchase of stock after 2016 (Positive)

*Azad:* Subsidiary has entered into an assets purchase agreement and related documents with Leo Primecomp Private Limited (Positive)

*Cupid:* Company expands e-commerce presence through Indian platforms like Amazon, Flipkart and 1mg. (Positive)

*KPI Green:* Company gets LoI from Gujarat Urja Vikas Nigam for 620 MW grid-connected solar & hybrid RE projects. (Positive)

*Hero Motocorp:* Income Tax Appellate Tribunal order in favour of the co, the entire tax demand of Rs 2,336.71 crore for Assessment Year 2011-12 has been quashed. (Positive)

*Vedanta:* S&P upgrades rating of Vedanta Resources to 'B' from 'CCC+' on improving capital structure and liquidity. (Positive)

*Sun Pharma:* Company gets U.S. FDA approval for LEQSELVI tablets used to treat severe alopecia areata. (Positive)

*Tech Mahindra:* Net profit at Rs 852 cr vs EST of Rs 879 cr, Revenue at Rs 13,006 cr vs EST of Rs 12,932.3 cr (Neutral)

*AU Small Finance:* Net profit at Rs 502.6 cr vs Rs 386.89 cr, NII at Rs 1920.5 cr vs Rs 1246 cr (YoY) (Neutral)

*Aavas Financiers:* NII at Rs 245 cr vs Rs 226 cr, PPOP at Rs 170 cr vs Rs 146 cr (YoY) (Neutral)

*Foseco:* Net profit at Rs 67.4 cr vs Rs 52.2 cr, Revenue at Rs 460 cr vs Rs 402 cr (YoY) (Neutral)

*IG Petro:* Net profit at Rs 35.4 cr vs Rs 35.7 cr, Revenue at Rs 580 cr vs Rs 555 cr (YoY) (Neutral)

*Glenmark Life:* Net profit at Rs 111 cr vs Rs 135 cr, Revenue at Rs 589 cr vs Rs 578 cr (YoY) (Neutral)

*Mphasis:* Net Profit Up 3% At Rs 404.5 Cr Vs Rs 393 Cr, Revenue Up 0.3% At Rs 3,422.4 Cr Vs Rs 3,412 Cr (QoQ) (Neutral)

*RBL Bank:* Maple II BV sells 4.78 crore shares of RBL Bank at ₹228/sh in block deal today, deal value at ₹1,090.77 crore (Neutral)

Stocks Picker Articles

25 Jul 2024 05:09

*Fund Houses Recommendations*


Nomura on *Tata Motors:* Upgrade to Buy on Company, raise target price at Rs 1294/Sh (Positive)

Nuvama on *United Spirits:* Upgrade to Buy on Company, raise target price at Rs 1630/Sh (Positive)

Jefferies on *V-Guard:* Maintain Buy on Company, raise target price at Rs 440/Sh (Positive)

Citi on *Sona BLW:* Maintain Buy on Company, target price at Rs 720/Sh (Positive)

Macquarie on *SBI Life:* Maintain Buy on Company, target price at Rs 1750/Sh (Positive)

Macquarie on *Polycab:* Initiate Outperform on Company, target price at Rs 7576/Sh (Positive)

Investec on *Glenmark Life:* Initiate Buy on Company, target price at Rs 1150/Sh (Positive)

Nuvama on *CG Power:* Maintain Buy on Company, raise target price at Rs 820/Sh (Positive)

Nuvama on *Suzlon:* Maintain Hold on Company, raise target price at Rs 64/Sh (Positive)

Nuvama on *Petronet:* Maintain Buy on Company, raise target price at Rs 412/Sh (Positive)

Nomura on *Petronet:* Upgrade to Buy on Company, raise target price at Rs 405/Sh (Positive)

JP Morgan on *IGL:* Maintain Neutral on Company, raise target price at Rs 520/Sh (Positive)

Nomura on *Federal Bank:* Maintain Buy on Bank, raise target price at Rs 240/Sh (Positive)

Nuvama on *Federal Bank:* Maintain Buy on Bank, raise target price at Rs 235/Sh (Positive)

Nomura on *SBI Life:* Maintain Buy on Company, raise target price at Rs 1835/Sh (Positive)

ICICI on *United Spirits:* Maintain Buy on Company, raise target price at Rs 1480/Sh (Neutral)

Citi on *Larsen:* Maintain Buy on Company, raise target price at Rs 4396/Sh from Rs 4376/Sh (Neutral)

Bernstein on *L&T:* Maintain Outperform on Company, target price at Rs 3800/Sh (Neutral)

Nuvama on *L&T:* Maintain Hold on Company, target price at Rs 4040/Sh (Neutral)

JP Morgan on *Axis Bank:* Maintain Overweight on Bank, raise target price at Rs 1325/Sh (Neutral)

Bernstein on *Axis Bank:* Maintain Outperform on Bank, raise target price at Rs 1420/Sh (Neutral)

Nuvama on *Axis Bank:* Maintain Buy on Bank, cut target price at Rs 1430/Sh from Rs 1500/Sh (Neutral)

Nomura on *Axis Bank:* Maintain Buy on Bank, cut target price at Rs 1435/Sh from Rs 1485/Sh (Neutral)

Macquarie on *Axis Bank:* Maintain Outperform on Company, target price at Rs 1420/Sh (Neutral)

UBS on *Axis Bank:* Maintain Neutral on Company, target price at Rs 1150/Sh (Neutral)

CLSA on *JSPL:* Maintain Hold on Company, target price at Rs 940/Sh (Neutral)

MS on *JSPL:* Maintain Underweight on Company, target price at Rs 655/Sh (Neutral)

MS on *SRF:* Maintain Equal weight on Company, target price at Rs 2115/Sh (Neutral)

IIFL on *Federal Bank:* Maintain Reduce on Bank, raise target price at Rs 165/Sh (Neutral)

Citi on *Axis Bank:* Downgrade to Neutral on Company, cut target price at Rs 1320/Sh from Rs 1370/Sh (Negative)

Stocks Picker Articles

01 Aug 2024 04:53

Stock in Action

Colgate-Palmolive (India) Ltd.: Colgate-Palmolive, the market leader in oral care in the country, reported better-than-anticipated 1QFY25 results driven by the revival in rural demand, which outpaced the urban markets for the second quarter in a row. The company’s revenue from operations increased 13% YoY to Rs.1,485.8 crore. EBITDA rose 21.5% YoY to Rs. 508.3 crore while the EBITDA margin expanded 240 basis points (bps) to 34%. The operational performance improved despite a 17% rise in employee related expenses. PAT witnessed YoY growth of 33% to Rs. 363.9 crore in Q1FY25. Notably, the toothpaste portfolio recorded double-digit growth in the quarter driven by high-single-digit volume growth, as stated by MD and CEO Prabha Narasimhan. Additionally, the toothbrush portfolio saw a concrete positive shift in competitive growth trajectory with strong double digit top-line growth. Colgate’s continued focus on category growth through “BrushatNight” campaign and sustained investment on superior communication are aiding this performance. Going forward, the company’s continued investment in brand building to strengthen its position in the oral care segment is likely to pay off well in the upcoming period. Various campaigns aimed at creating awareness and product reach will boost its performance further. Positive on Colgate-Palmolive given its good set of 1QFY25 numbers, the expected continuity in rural demand recovery and efforts to strengthen the brand name.

ICICI Bank: ICICI Bank delivered a steady performance posting a net profit of Rs 11,059 crore in Q1 FY25, a growth of 15% compared with 1QFY24. Despite the pressure on margin, the surge in profit was aided by a strong growth in advances, contained operating expenses, and more notably by a decline in credit costs. Non-interest income growth was solid, driven by higher dividend from subsidiaries and a healthy growth in fee income. ICICI Bank’s domestic loan book increased 16% YoY, driven by a broad-based growth across business segments. Retail credit grew 17% YoY, led by robust growth in the unsecured book. Mortgages, which is the largest segment within retail, grew 14% YoY. Corporate credit too saw good traction and increased 15% YoY. Deposit growth of 15% was a tad lower than the advances growth and was driven by a solid growth of 20% YoY in term deposits. The NIM on the domestic book moderated to 4.44% in Q1 FY25 from 4.88% in Q1 FY24. Despite an increase in operating expenses, led by employee costs, the cost-to-income ratio declined by 50 bps YoY in Q1 FY25. Employee expenses in Q1 FY25 reflected the impact of annual increments and promotions that take place during the first quarter of every fiscal year. Positive on ICICI Bank given the steady set of 1QFY25 performance.

Stocks Picker Articles

01 Aug 2024 04:52

*Stocks in news*


*GE T&D India:* Net profit at Rs 135 cr vs Rs 28.2 cr, Revenue at Rs 958 cr vs Rs 718 cr (YoY) (Positive)

*Selan Exploration:* Net profit at Rs 18 Cr vs Rs 5 cr, Revenue at Rs 63 cr vs Rs 28 cr (YoY) (Positive)

*Coal India:* Net profit at Rs 10,959 cr vs Rs 10,528 cr, Revenue at Rs 36,465 cr vs Rs 35,983 cr (YoY) (Positive)

*JK Lakshmi:* Net profit at Rs 156 cr vs Rs 74.9 cr, Revenue at Rs 1440 cr vs Rs 1600 cr (Positive)

*PNGS Gargi:* Net profit at Rs 10.4 Cr vs Rs 1.2 cr, Revenue at Rs 44 cr vs Rs 6.5 cr (YoY) (Positive)

*Ugro Capital:* Net profit at Rs 30.36 cr vs Rs 25.20 cr, Revenue at Rs 232 cr vs Rs 161 cr (YoY) (Positive)

*LG Balakrishnan:* Net profit at Rs 65.2 cr vs Rs 55.4 cr, Revenue at Rs 571 cr vs Rs 538 cr (YoY) (Positive)

*Puravankara:* Net profit at Rs 15 Cr vs loss Rs 18 cr, Revenue at Rs 658 cr vs Rs 323 cr (YoY) (Positive)

*Thomas Cook:* Net profit at Rs 73.1 cr vs Rs 70.9 cr, Revenue at Rs 2106 cr vs Rs 1899 cr (YoY) (Positive)

*Bansal Wire:* Net profit at Rs 31.5 cr vs Rs 17.3 cr, Revenue at Rs 820 cr vs Rs 550 cr (YoY) (Positive)

*Dynamatic:* Net profit at Rs 57 cr vs Rs 17 cr, Revenue at Rs 370 cr vs Rs 367 cr (YoY) (Positive)

*Kirloskar group:* Toyota Kirloskar Motor signs agreement with Maharashtra government to manufacture electric and hybrid cars. (Positive)

*PC Jewel:* Indian Overseas Bank sanctions ‘one time settlement. (Positive)

*Tata Power:* Step-down arm TP Parivart signs power delivery pact with Tata Steel (Positive)

*Oil Upstream stocks:* Windfall Tax Revision | Windfall Tax on Crude cut to ₹4,600/tonne from ₹7,000/tonne w.e.f. August 1 (Positive)

*Bharat Forge:* Company Wholly-owned arm KSSL granted defence license (Positive)

*Sansera Engineering:* Company signs MoU with Karnataka Udyog Mitra for acquisition of 55 acres industrial land at Harohalli, Bengaluru. (Positive)

*Wipro Ltd:* Company Secures Contract to enhance MAHLE’s IT Infrastructure with Hybrid Cloud Solutions (Positive)

*Vedanta:* Company gets NSE & BSE approval for proposed demerger scheme. (Positive)

*NHPC:* Company to consider proposal regarding monetization of future cash flow of one or more Power Station on August 7. (Positive)

*Eimco Elecon:* Company had received orders worth of INR 53.61 Crores from JMS Mining Private Limited (Positive)

*Sansera:* Company entered into a MoU with the Karnataka Udyog Mitra for the acquisition of 55 acres of
Industrial land at Harohalli. (Positive)

*IDBI Bank:* Fairfax, NBD Emirates, Kotak Mahindra Bank said to be in final list of bidders for Bank: NDTV. (Positive)

*Timex:* Net profit at Rs 2.4 cr vs Rs 4.2 cr, Revenue at Rs 108 cr vs Rs 106 cr (YoY). (Neutral)

*KPR Mill:* Net profit at Rs 203.31 cr vs Rs 202.84 cr, Revenue at Rs 1609.6 cr vs Rs 1610.1 cr (YoY). (Neutral)

*Tata Steel:* Net profit at Rs 918.6 Cr vs poll of Rs 950 cr, Revenue at Rs 54,771.4 cr vs poll of Rs 57,103 cr (Neutral)

*Relaxo Footwears:* Net profit at Rs 44.40 Cr vs Rs 56.30 cr, Revenue at Rs 750 cr vs Rs 740 cr (YoY) (Neutral)

*Aegis Logistics:* Net profit at Rs 131.5 cr vs Rs 116 cr, Revenue at Rs 1,601.3 cr vs Rs 2,100.5 cr (YoY) (Neutral)

*Prestige:* Net profit at Rs 307 Cr vs Rs 318 cr, Revenue at Rs 1862 cr vs Rs 1680 cr (YoY) (Neutral)

*National Peroxide:* Net profit at Rs 5.1 Cr vs Rs 4.5 cr, Revenue at Rs 74 cr vs Rs 79.5 cr (YoY) (Neutral)

*Sundaram Fasteners:* Net profit at Rs 143 cr vs Rs 129 cr, Revenue at Rs 1498 cr vs Rs 1411 cr (YoY) (Neutral)

*Fino Payments:* Net profit at Rs 24.3 cr vs Rs 19.0 cr, NII at Rs 21.4 cr vs Rs 17.5 cr (YoY) (Neutral)

*Black Rose:* Net profit at Rs 4.7 cr vs Rs 4.1 cr, Revenue at Rs 98.3 cr vs Rs 87.6 cr (YoY) (Neutral)

*Sasken Tech:* Net profit at Rs 18.10 cr vs Rs 25.70 cr, Revenue at Rs 120 cr vs Rs 98.50 cr (YoY) (Neutral)

*Indostar Capital:* Net profit at Rs 24.90 cr vs Rs 38.90 cr, Revenue at Rs 390 cr vs Rs 299 cr (YoY) (Neutral)

*Sonata Software:* Net profit at Rs 106 cr vs Rs 120 cr, Revenue at Rs 2527 cr vs Rs 2000 cr (YoY) (Neutral)

Stocks Picker Articles

31 Jul 2024 05:33

Corporate Actions

Varun Beverages has approved Sub-division/ split of the existing Equity Shares having face value of Rs. 5/- each, be sub-divided/split into Equity Shares having face value of Rs. 2/- each, subject to the approval of Equity Shareholders of the Company through Postal Ballot.

Indus Towers has considered and approved the buyback of up to 5,67,74,193 equity shares, representing approx 2.107% of the total equity shares, at a price of INR 465 per equity share, for an aggregate amount up to INR 2,640 Crore, on a proportionate basis through the tender offer route using the stock exchange mechanism.

Dividend

31-Jul-24
HEG: Final Dividend - Rs. - 22.50
ABMKNO: Final Dividend - Rs. - 1.25
BATAINDIA: Final Dividend - Rs. - 12.00
DLF: Final Dividend - Rs. - 5.00
SIMPLXREA: Final Dividend - Rs. - 1.00
STEELCAS: Final Dividend - Rs. - 3.15
KAMDHENU: Final Dividend - Rs. - 2.00
SUNDARMFIN: Final Dividend - Rs. - 16.00
GOEL: Final Dividend - Rs. - 0.50
EIHOTEL: Final Dividend - Rs. - 1.20
IGARASHI: Final Dividend - Rs. - 1.00
CRISIL: Interim Dividend - Rs. - 8.00
CENTUM: Final Dividend - Rs. - 3.00
AARTIPHARM: Final Dividend - Rs. - 1.00
SRF: Interim Dividend - Rs. - 3.60
SAKSOFT: Final Dividend - Rs. - 0.40
SUNSHIEL: Final Dividend - Rs. - 1.20
IRBINVIT: Income Distribution (InvIT)

01-Aug-24
MPSLTD: Final Dividend - Rs. - 45.00
ABSLAMC: Final Dividend - Rs. - 13.50
GREAVESCOT: Final Dividend - Rs. - 2.00
KARURVYSYA: Dividend - Rs. - 2.40
EMKAY: Final Dividend - Rs. - 1.50
HEROMOTOCO: Final Dividend - Rs. - 40.00
BAYERCROP: Final Dividend - Rs. - 35.00
DISAQ: Final Dividend - Rs. - 100.00
IVP: Final Dividend - Rs. - 1.00
NAVA: Final Dividend - Rs. - 4.00
ESABINDIA: Final Dividend - Rs. - 30.00
TIPSINDLTD: Interim Dividend - Rs. - 2.00
KPT: Final Dividend - Rs. - 2.50
KIRLOSENG: Final Dividend - Rs. - 3.50
KOVAI: Final Dividend - Rs. - 10.00
PERMAGN: Final Dividend - Rs. - 1.80
OBEROIRLTY: Interim Dividend - Rs. - 2.00
TASTYBITE: Final Dividend - Rs. - 2.00

IPO
Akums Drugs and Pharmaceuticals: 30-Jul-24; Close: 01-Aug-24
Ceigall India: 01-Aug-24; Close: 05-Aug-24
Ola Electric Mobility: 02-Aug-24; Close: 06-Aug-24

Buyback
Welspun Living: Ex-Date: 05-Aug-24
Indus Towers: Ex-Date: 09-Aug-24

Bonus
Goel Food Products: Bonus Issue 4:1; Ex-Date: 31-Jul-24
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Panorama Studios International: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 31-Jul-24
Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Indowind Energy: 26-Jul-24; Close: 05-Aug-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24

Open Offer
Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

Stocks Picker Articles

31 Jul 2024 04:38

*Tata Consumer:* Net profit at Rs 289.3 cr vs Rs 337.7 cr, Revenue at Rs 4,352.1 cr vs Rs 3,741.2 cr (YoY) (Neutral)

*Jindal Stainless:* Net profit at Rs 648.1 cr vs Rs 746 cr, Revenue at Rs 9,429.8 cr vs Rs 10,184 cr (YoY) (Neutral)

*Navin Fluorine:* Net profit at Rs 51.2 cr vs Rs 62 c, Revenue at Rs 523.7 cr vs Rs 491.2 cr (YoY) (Neutral)

*Castrol:* Net profit at Rs 232.2 cr vs Rs 225 cr, Revenue at Rs 1,397.5 cr vs Rs 1,333.8 cr (YoY) (Neutral)

*EMudra:* Net profit at Rs 17.9 cr vs Rs 15.6 cr, Revenue at Rs 95 cr vs Rs 81 cr (YoY) (Neutral)

*PTC India:* Net profit at Rs 44.4 cr vs Rs 36.8 cr, Revenue at Rs 160 cr vs Rs 190 cr (YoY) (Neutral)

*RR Kabel:* Net profit at Rs 68.4 cr vs Rs 73.7 cr, Revenue at Rs 181 cr vs Rs 160 cr (YoY) (Neutral)

*ADF Foods:* Net profit at Rs 15.0 cr vs Rs 15.0 cr, Revenue at Rs 120 cr vs Rs 112 cr (YoY) (Neutral)

*Capital SFB:* Net profit at Rs 30.3 cr vs Rs 30.1 cr, Interest earned at Rs 220 cr vs Rs 190 cr (YoY) (Neutral)

*State Bank Of India:* Board Meeting On Aug 3 To Consider Fund Raising. (Neutral)

*Power Grid:* Report on Rs 40,000 crore undersea interconnection deal with Middle East incorrect (Neutral)

*Muthoot Finance:* Company approves re-appointment of Hariharan K as Chief Risk Officer with effect from August 6 (Neutral)

*Adani Energy:* Company opens QIP, sets floor price at Rs 1,027.1 per share. (Neutral)

*PNB Housing:* Carlyle Group sells 12.8% stake in Punjab Housing Finance for Rs 2,578 crore at an average price of Rs 775.1/sh. (Neutral)

*Bikaji Foods:* Promoter Deepak Agarwal intends to sell 0.12% of stake (Neutral)

*Samvardhana Motherson:* Consider to consider fund raising on August 2 (Neutral)

*Marico:* Company gets ₹142 cr income tax demand; plans to appeal. (Neutral)

*Adani Group:* Plans $1bn bid for Jaypee's realty business (Neutral)

*Vedanta:* Company gets tax demand order for Rs 1,289 cr for AY2020-21 from income tax department (Negative)

*Hind Zinc:* Company received assessment order from IT Department demanding Rs 1170 cr (Negative)

*PTC Industries:* Net profit at Rs 4.9 cr vs Rs 11.3 cr, Revenue at Rs 47 cr vs Rs 72 cr (YoY) (Negative)

Stocks Picker Articles

30 Jul 2024 05:23

Corporate Actions

Dividend

30-Jul-24
SIL: Final Dividend - Rs. - 0.55
AVANTIFEED: Dividend - Rs. - 6.75
PECOS: Final Dividend - Rs. - 3.00
CRAVATEX: Final Dividend - Rs. - 3.00
ULTRACEMCO: Final Dividend - Rs. - 70.00
BANSWRAS: Dividend - Rs. - 1.00
BSL: Dividend - Rs. - 1.00
KOKUYOCMLN: Dividend - Rs. - 0.50
GRANULES: Final Dividend - Rs. - 1.50
BRIGADE: Final Dividend - Rs. - 2.00
ORIENTBELL: Dividend - Rs. - 0.50
INDIGRID: Income Distribution (InvIT)

31-Jul-24
HEG: Final Dividend - Rs. - 22.50
ABMKNO: Final Dividend - Rs. - 1.25
BATAINDIA: Final Dividend - Rs. - 12.00
DLF: Final Dividend - Rs. - 5.00
SIMPLXREA: Final Dividend - Rs. - 1.00
STEELCAS: Final Dividend - Rs. - 3.15
KAMDHENU: Final Dividend - Rs. - 2.00
SUNDARMFIN: Final Dividend - Rs. - 16.00
GOEL: Final Dividend - Rs. - 0.50
EIHOTEL: Final Dividend - Rs. - 1.20
IGARASHI: Final Dividend - Rs. - 1.00
CRISIL: Interim Dividend - Rs. - 8.00
CENTUM: Final Dividend - Rs. - 3.00
AARTIPHARM: Final Dividend - Rs. - 1.00
SRF: Interim Dividend - Rs. - 3.60
SAKSOFT: Final Dividend - Rs. - 0.40
SUNSHIEL: Final Dividend - Rs. - 1.20
IRBINVIT: Income Distribution (InvIT)

01-Aug-24
MPSLTD: Final Dividend - Rs. - 45.00
ABSLAMC: Final Dividend - Rs. - 13.50
GREAVESCOT: Final Dividend - Rs. - 2.00
KARURVYSYA: Dividend - Rs. - 2.40
EMKAY: Final Dividend - Rs. - 1.50
HEROMOTOCO: Final Dividend - Rs. - 40.00
BAYERCROP: Final Dividend - Rs. - 35.00
DISAQ: Final Dividend - Rs. - 100.00
IVP: Final Dividend - Rs. - 1.00
NAVA: Final Dividend - Rs. - 4.00
ESABINDIA: Final Dividend - Rs. - 30.00
TIPSINDLTD: Interim Dividend - Rs. - 2.00
KPT: Final Dividend - Rs. - 2.50
KIRLOSENG: Final Dividend - Rs. - 3.50
KOVAI: Final Dividend - Rs. - 10.00
PERMAGN: Final Dividend - Rs. - 1.80
OBEROIRLTY: Interim Dividend - Rs. - 2.00
TASTYBITE: Final Dividend - Rs. - 2.00

IPO
Akums Drugs and Pharmaceuticals: 30-Jul-24; Close: 01-Aug-24
Ceigall India: 01-Aug-24; Close: 05-Aug-24
Ola Electric Mobility: 02-Aug-24; Close: 06-Aug-24

Buyback
Aurobindo Pharma: Ex-Date: 30-Jul-24
Welspun Living: Ex-Date: 05-Aug-24

Bonus
Goel Food Products: Bonus Issue 4:1; Ex-Date: 31-Jul-24
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Panorama Studios International: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 31-Jul-24
Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Indowind Energy: 26-Jul-24; Close: 05-Aug-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24

Open Offer
Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

Stocks Picker Articles

30 Jul 2024 05:05

*Fund Houses Recommendations*


Citi on *NTPC:* Maintain Buy on Company, raise target price at Rs 467/Sh (Positive)

Jefferies on *NTPC:* Maintain Buy on Company, raise target price at Rs 465/Sh (Positive)

Jefferies on *BEL:* Maintain Buy on Company, raise target price at Rs 370/Sh (Positive)

Investec on *Power Grid:* Upgrade to Neutral on Company, raise target price at Rs 361/Sh (Positive)

UBS on *MCX:* Maintain Buy on Company, raise target price at Rs 5000/Sh (Positive)

Jefferies on *Nuvama:* Maintain Buy on Company, raise target price at Rs 7000/Sh (Positive)

Nomura on *KEC:* Maintain Buy on Company, raise target price at Rs 1030/Sh (Positive)

Jefferies on *Colgate:* Maintain Sell on Company, raise target price at Rs 3570/Sh (Positive)

Investec on *Colgate:* Maintain Hold on Company, raise target price at Rs 3108/Sh (Positive)

GS on *Colgate:* Maintain Sell on Company, raise target price at Rs 2750/Sh (Positive)

Nomura on *Colgate:* Maintain Sell on Company, raise target price at Rs 2800/Sh (Positive)

Nuvama on *Power Grid:* Maintain Reduce on Company, target price at Rs 236/Sh (Neutral)

Citi on *ACC:* Maintain Buy on Company, target price at Rs 3000/Sh (Neutral)

Nomura on *ACC:* Maintain Reduce on Company, target price at Rs 2200/Sh (Neutral)

MS on *ACC:* Maintain Equal weight on Company, target price at Rs 2930/Sh (Neutral)

Jefferies on *ACC:* Maintain Buy on Company, target price at Rs 3045/Sh (Neutral)

Jefferies on *HPCL:* Maintain Underperform on Company, raise target price at Rs 315/Sh (Neutral)

Citi on *HPCL:* Maintain Buy on Company, target price at Rs 420/Sh (Neutral)

UBS on *BEL:* Downgrade to Neutral on Company, raise target price at Rs 340/Sh (Neutral)

Investecon *Finolex Ind:* Downgrade to Neutral on Company, raise target price at Rs 345/Sh (Neutral)

Stocks Picker Articles

30 Jul 2024 04:21

*Ward Wizard:* Net Profit at Rs 2.3 Cr Vs Rs 1.6 cr, Revenue at Rs 51.4 Cr Vs Rs 38.0 Cr (YoY) (Neutral)

*AGI Greenpack:* Net Profit at Rs 63.2 Cr Vs Rs 63.5 cr, Revenue at Rs 556 Cr Vs Rs 558.0 Cr (YoY) (Neutral)

*RBA:* Net loss at Rs 26.9 cr vs Rs 22.1 cr, Revenue at Rs 490 cr vs Rs 420 cr (YoY) (Neutral)

*Balmer:* Net profit at Rs 46.8 cr vs Rs 45.4 cr, Revenue at Rs 631 cr vs Rs 588 cr (YoY) (Neutral)

*PNB Housing:* Carlyle Group Quality Investment Holdings PCC to sell up to 6.4% stake in PNB Housing Finance via block deals. (Neutral)

*Tata Steel:* Company acquires 55.7 m equity shares in T Steel Holdings for $875 m (approx ₹7,324.4 Cr) (Neutral)

*India Cements:* Societe Generale sells 20.6 lakh (0.67%) shares of India Cements at an average price of 378.15/sh (Neutral)

*CONCOR:* The government has put the privatization of company on the backburner, an official said. (Neutral)

*South Indian Bank:* Board Meeting today to Consider the Proposal of Fund Raising (Neutral)

*Hubtown:* Board Meeting today to Consider the Proposal of Fund Raising (Neutral)

*Spandana:* Board Meeting today to Consider the Proposal of Fund Raising (Neutral)

*Brigade:* Brigade Tetrarch Private incorporates LLP names Brigade HRC LLP. (Neutral)

*Future Retail:* Company to be liquidated, NCLT order says (Neutral)

*Jyoti CNC:* Company’s promoters sell 1.3% stake and 1.13% stake respectively. (Neutral)

*Hind Petro:* Net Profit at Rs. 335 Crore vs estimate of Rs. 1272 Crore, Revenue Rs. 1.14 Lk Crore vs estimate of Rs. 1.05 Lk Crore (Negative)

*Maha Seamless:* Net profit at Rs 128.8 cr vs Rs 206.6 cr, Revenue at Rs 1151 cr vs Rs 1223 cr (YoY) (Negative)

*Wonderla:* Net profit at Rs 63.2 cr vs Rs 84.5 cr, Revenue at Rs 173 cr vs Rs 185 cr (YoY) (Negative)

*Idea Forge:* Net profit at Rs 1.2 cr vs Rs 18.8 cr, Revenue at Rs 86 cr vs Rs 97 cr (YoY) (Negative)

Stocks Picker Articles

29 Jul 2024 05:28

Corporate Actions

Dividend

29-Jul-24
NAUKRI: Final Dividend - Rs. - 12.00
CAREERP: Final Dividend - Rs. - 1.00
DEEPAKNTR: Dividend - Rs. - 7.50
ORIENTCEM: Final Dividend - Rs. - 1.50
FAIRCHEMOR: Dividend - Rs. - 7.50
BIRLACORPN: Final Dividend - Rs. - 10.00
HAWKINCOOK: Dividend - Rs. - 120.00
AUTOAXLES: Final Dividend - Rs. - 32.00
SHREYANIND: Final Dividend - Rs. - 5.00
DBCORP: Interim Dividend - Rs. - 7.00

30-Jul-24
ORIENTBELL: Dividend - Rs. - 0.50
BRIGADE: Final Dividend - Rs. - 2.00
GRANULES: Final Dividend - Rs. - 1.50
KOKUYOCMLN: Dividend - Rs. - 0.50
BSL: Dividend - Rs. - 1.00
BANSWRAS: Dividend - Rs. - 1.00
ULTRACEMCO: Final Dividend - Rs. - 70.00
CRAVATEX: Final Dividend - Rs. - 3.00
PECOS: Final Dividend - Rs. - 3.00
AVANTIFEED: Dividend - Rs. - 6.75
SIL: Final Dividend - Rs. - 0.55
INDIGRID: Income Distribution (InvIT)

31-Jul-24
SUNSHIEL: Final Dividend - Rs. - 1.20
SAKSOFT: Final Dividend - Rs. - 0.40
SRF: Interim Dividend - Rs. - 3.60
AARTIPHARM: Final Dividend - Rs. - 1.00
CENTUM: Final Dividend - Rs. - 3.00
CRISIL: Interim Dividend - Rs. - 8.00
IGARASHI: Final Dividend - Rs. - 1.00
EIHOTEL: Final Dividend - Rs. - 1.20
GOEL: Final Dividend - Rs. - 0.50
SUNDARMFIN: Final Dividend - Rs. - 16.00
KAMDHENU: Final Dividend - Rs. - 2.00
STEELCAS: Final Dividend - Rs. - 3.15
SIMPLXREA: Final Dividend - Rs. - 1.00
DLF: Final Dividend - Rs. - 5.00
BATAINDIA: Final Dividend - Rs. - 12.00
ABMKNO: Final Dividend - Rs. - 1.25
HEG: Final Dividend - Rs. - 22.50
IRBINVIT: Income Distribution (InvIT)


IPO
Akums Drugs and Pharmaceuticals: 30-Jul-24; Close: 01-Aug-24

Buyback
Aurobindo Pharma: Ex-Date: 30-Jul-24
Welspun Living: Ex-Date: 05-Aug-24

Bonus
Goel Food Products: Bonus Issue 4:1; Ex-Date: 31-Jul-24
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Panorama Studios International: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 31-Jul-24
Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Indowind Energy: 26-Jul-24; Close: 05-Aug-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24

Open Offer
Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

Stocks Picker Articles

29 Jul 2024 04:58

*Fund Houses Recommendations*


Jefferies on *Adani Green:* Initiate Buy on Company, target price at Rs 2130/Sh (Positive)

Macquarie on *Zydus Life:* Upgrade to Outperform on Company, raise target price at Rs 1365/Sh (Positive)

Citi on *Shriram Trans:* Maintain Buy on Company, target price at Rs 3380/Sh (Positive)

Jefferies on *Shriram Trans:* Maintain Buy on Company, target price at Rs 3475/Sh (Positive)

Nomura on *Shriram Trans:* Maintain Buy on Company, target price at Rs 3500/Sh (Positive)

MS on *Shriram Trans:* Maintain Overweight on Company, target price at Rs 3660/Sh (Positive)

JP Morgan on *Shriram Trans:* Maintain Overweight on Company, target price at Rs 3200/Sh (Positive)

Incred on *ICICI Bank:* Maintain Add on Bank, raise target price at Rs 1450/Sh from Rs 1300/Sh (Positive)

MS on *ICICI Bank:* Maintain Overweight on Bank, raise target price at Rs 1500/Sh from Rs 1400/Sh (Positive)

CLSA on *ICICI Bank:* Maintain Outperform on Bank, target price at Rs 1500/Sh (Positive)

JP Morgan on *ICICI Bank:* Maintain Overweight on Bank, raise target price at Rs 1375/Sh (Positive)

Nuvama on *ICICI Bank:* Maintain Buy on Bank, target price at Rs 1450/Sh (Positive)

CLSA on *Bandhan Bank:* Maintain Outperform on Bank, raise target price at Rs 240/Sh (Positive)

Jefferies on *Bandhan Bank:* Upgrade to Buy on Bank, raise target price at Rs 240/Sh (Positive)

Kotak on *Bandhan Bank:* Maintain Buy on Bank, raise target price at Rs 250/Sh (Positive)

JP Morgan on *Indigo:* Maintain Overweight on Company, raise target price at Rs 4950/Sh (Positive)

GS on *Indigo:* Maintain Buy on Company, target price at Rs 4800/Sh (Positive)

MS on *PNB:* Maintain Underweight on Bank, raise target price at Rs 80/Sh (Positive)

Citi on *Cipla:* Maintain Buy on Company, raise target price at Rs 1820/Sh (Positive)

DAM on *CMS Info:* Maintain Buy on Company, target price at Rs 650/Sh (Positive)

Citi on *Indusind Bank:* Maintain Buy on Bank, target price at Rs 2010/Sh (Positive)

Citi on *Ashok Ley:* Maintain Buy on Company, raise target price at Rs 285/Sh (Positive)

GS on *Ashok Ley:* Maintain Buy on Company, raise target price at Rs 290/Sh (Positive)

Citi on *Ultratech:* Maintain Buy on Company, target price at Rs 13000/Sh (Positive)

Emkay on *Ultratech:* Maintain Buy on Company, target price at Rs 12800/Sh (Positive)

Citi on *Cipla:* Maintain Buy on Company, raise target price at Rs 1820/Sh (Positive)

MS on *MPhasis:* Maintain Equal weight on Company, raise target price at Rs 2900/Sh (Positive)

Citi on *MGL:* Maintain Buy on Company, raise target price at Rs 2120/Sh (Positive)

GS on *Cipla:* Maintain Sell on Company, raise target price at Rs 1400/Sh (Neutral)

Macquarie on *ICICI Bank:* Maintain Outperform on Bank, target price at Rs 1300/Sh (Neutral)

IIFL on *ICICI Bank:* Maintain Add on Bank, target price at Rs 1320/Sh (Neutral)

Bernstein on *ICICI Bank:* Maintain Market perform on Bank, target price at Rs 1250/Sh (Neutral)

Kotak on *Indusind Bank:* Maintain Buy on Bank, target price at Rs 1800/Sh (Neutral)

Jefferies on *Indusind Bank:* Maintain Buy on Bank, cut target price at Rs 1750/Sh (Neutral)

Nuvama on *Indusind Bank:* Maintain Buy on Bank, cut target price at Rs 1690/Sh (Neutral)

Nomura on *Indusind Bank:* Maintain Neutral on Bank, target price at Rs 1580/Sh (Neutral)

IIFL on *Indusind Bank:* Maintain Buy on Bank, cut target price at Rs 1620/Sh (Neutral)

Nomura on *Indusind Bank:* Maintain Neutral on Bank, cut target price at Rs 1580/Sh (Neutral)

Nuvama on *Bandhan Bank:* Maintain Hold on Bank, target price at Rs 200/Sh (Neutral)

Jefferies on *IDFC First Bank:* Maintain Buy on Bank, cut target price at Rs 95/Sh (Neutral)

Jefferies on *IGL:* Maintain Hold on Company, target price at Rs 485/Sh (Neutral)

Nomura on *Chola FIn:* Maintain Reduce on Company, target price at Rs 1150/Sh (Neutral)

GS on *Dr Reddy:* Maintain Neutral on Company, raise target price at Rs 6625/Sh (Neutral)

Stocks Picker Articles

29 Jul 2024 04:16

*City Union Bank:* City Union Bank: Net profit at Rs 264 cr vs Rs 227 cr, NII at Rs 545 cr vs Rs 523 cr (YoY). Bank approves raising Rs 500 cr through QIP (Neutral)

*Bandhan Bank:* Net profit at Rs 1063 cr vs Rs 721 cr, NII at Rs 3005 cr vs Rs 2490 cr (YoY) (Neutral)

*Intellect:* Net Profit at ₹74.7 Cr Vs ₹73.4 cr, Revenue at ₹606.3 Cr Vs ₹613.7 Cr (QoQ) (Neutral)

*Power Grid:* Net profit at Rs 3412 cr vs EST of Rs 3856 cr, Revenue at Rs 10068 cr vs EST of Rs 11278 cr (Neutral)

*Kaynes Tech:* Net profit at Rs 50.8 cr vs EST of Rs 48 cr, Revenue at Rs 504 cr vs EST of Rs 465 cr (Neutral)

*Mallcom:* Net profit at Rs 8.5 cr vs Rs 8.6 cr, Revenue at Rs 99.2 cr vs Rs 90.88 cr (YoY) (Neutral)

*Associated Alcohol:* Net profit at Rs 17.7 cr vs Rs 12.3 cr, EBITDA at Rs 28.1 cr vs Rs 18.5 cr (YoY) (Neutral)

*Meghmani Org:* Net loss at Rs 16.8 cr vs Rs 34.5 cr, Revenue at Rs 414 cr vs Rs 426 cr (YoY) (Neutral)

*SBC Exports:* Net profit at Rs 5.2 cr vs Rs 4.6 cr, Revenue at Rs 57.0 cr vs Rs 50.0 cr (YoY) (Neutral)

*Laxmi Organics:* Net profit at Rs 34.4 cr vs Rs 38.8 cr, Revenue at Rs 720 cr vs Rs 730 cr (YoY) (Neutral)

*TCI Express:* Net profit at Rs 91.0 cr vs Rs 82.0 cr, Revenue at Rs 1045 cr vs Rs 950 cr (YoY) (Neutral)

*Shree Digvijay Cement:* Net profit at Rs 11.3 cr vs Rs 17.2 cr, Revenue at Rs 606.3 cr vs Rs 613.7 cr (YoY) (Neutral)

*Aarti Drugs:* Net profit at Rs 33.2 cr vs Rs 47.8 cr, Revenue at Rs 560 cr vs Rs 661 cr (YoY) (Neutral)

*GMDC:* Net profit at Rs 184 cr vs Rs 219 cr, Revenue at Rs 818 cr vs Rs 766 cr (QoQ) (Neutral)

*Latent View:* Net profit at Rs 39 cr vs Rs 45 cr, Revenue at Rs 179 cr vs Rs 172 cr (QoQ) (Neutral)

*IndiGo:* Net profit at Rs 2729 cr vs Rs 3091 cr, Revenue at Rs 19,571 cr vs Rs 16,683 cr (YoY) (Neutral)

*Quick Heal:* Net profit at Rs 4.0 cr vs Rs 14.0 cr, Revenue at Rs 70 cr vs Rs 51 cr (QoQ) (Positive)

*IndusInd Bank:* Net profit at Rs 2171 cr vs Rs 2123 cr, NII at Rs 5408 cr vs Rs 4867 cr (YoY) (Neutral)

*ICICI Bank:* Net profit at Rs 11,059 crore versus poll Rs 10,564 crore, NII at Rs 19,553 crore versus poll Rs 19,571 crore (Neutral)

*IDFC First Bank:* Net profit at Rs 680 crore versus poll Rs 741 crore, Interest Earned at Rs 8789 crore versus poll Rs 6868 crore (Neutral)

*Sanofi India:* Net profit at Rs 103.2 cr vs Rs 122.9 cr, Revenue at Rs 464 cr vs Rs 515 cr (YoY) (Neutral)

*Accelya Solutions:* Net profit at Rs 31.2 cr vs Rs 32.1 cr, Revenue at Rs 177 cr vs Rs 192 cr (YoY) (Neutral)

*SBI Cards:* Net profit at ₹594.5 cr vs ₹593.3 cr, Revenue at ₹4,358.6 cr vs ₹3,911.9 cr (YoY) (Neutral)

*Maruti Suzuki:* Company gets ₹779 cr income tax demand for FY2019-20 (Neutral)

*Godrej Properties:* Company board approved allotment of 93,540 unsecured redeemable NCDs. (Neutral)

*Cipla:* Samina Hamied resigns as non-executive director of company (Neutral)

*SPARC:* Company re-designates Nitin Dharmadhikari as COO (Neutral)

*Cholamandalam Investment:* Company appoints Ravindra Kumar Kundu as Managing Director with effect from October 7. (Neutral)

*Manappuram:* RBI fines Company and Consultants Rs 20 cr over a potential fraud by an employee of the Company (Neutral)

*ITC:* Hotels demerger on track, expected to be completed in the next few months. (Neutral)

*Coal India:* Company sets August 16 as record date for final dividend of Rs5/Sh (Neutral)

*Route Mobile:* Company's promoter offloads 12.24 lakh shares at Rs 1,656.6 apiece. (Neutral)

*ESAF Fin Bank:* Net profit at Rs 63 cr vs Rs 130 cr, NII at Rs 588 cr vs Rs 585 cr (YoY) (Negative)

*SBI Card:* Gross NPA at 3.06% vs 2.76% (QoQ), Net NPA at 1.11% vs 0.99% (QoQ) (Negative)

*Spandana:* Net profit at Rs 55.7 cr vs Rs 119.5 cr, Revenue at Rs 693.5 cr vs Rs 492.9 cr (YoY) (Negative)

Stocks Picker Articles

26 Jul 2024 04:55

Corporate Actions

Dividend

26-Jul-24
21STCENMGM: Final Dividend - Rs. - 2.50
MENONBE: Interim Dividend - Rs. - 2.00
RANEHOLDIN: Final Dividend - Rs. - 25.00
GODREJAGRO: Final Dividend - Rs. - 10.00
MUKANDLTD: Final Dividend - Rs. - 2.00
ANUP: Final Dividend - Rs. - 20.00
NOCIL: Final Dividend - Rs. - 3.00
GALAXYSURF: Final Dividend - Rs. - 22.00
JKTYRE: Final Dividend - Rs. - 3.50
CREDITACC: Final Dividend - Rs. - 10.00
SASKEN: Final Dividend - Rs. - 13.00
NITTAGELA: Dividend - Rs. - 6.00
SYMPHONY: Final Dividend - Rs. - 8.00
SONATSOFTW: Final Dividend - Rs. - 4.40
NESCO: Final Dividend - Rs. - 6.00
BIRLACABLE: Final Dividend - Rs. - 1.75
KAIRA: Final Dividend - Rs. - 12.00
RBLBANK: Dividend - Rs. - 1.50
CONTROLPR: Final Dividend - Rs. - 5.00
DOLLAR: Dividend - Rs. - 3.00
REPCOHOME: Final Dividend - Rs. - 3.00
VINDHYATEL: Final Dividend - Rs. - 15.00
ADFFOODS: Final Dividend - Rs. - 1.20
PFC: Final Dividend - Rs. - 2.50
ORIENTPPR: Final Dividend - Rs. - 0.25
SUPER: Final Dividend - Rs. - 7.00
COROMANDEL: Final Dividend - Rs. - 6.00
PAUSHAKLTD: Final Dividend - Rs. - 20.00
COSMOFIRST: Final Dividend - Rs. - 3.00
UNIVCABLES: Final Dividend - Rs. - 3.00
UGARSUGAR: Final Dividend - Rs. - 0.25
VOITHPAPR: Final Dividend - Rs. - 8.00
ASALCBR: Final Dividend - Rs. - 2.00
JTEKTINDIA: Final Dividend - Rs. - 0.60
BASF: Final Dividend - Rs. - 15.00
KIRLOSBROS: Final Dividend - Rs. - 6.00
BOMBCYC: Final Dividend - Rs. - 5.00
ZYDUSLIFE: Final Dividend - Rs. - 3.00
GRPLTD: Dividend - Rs. - 37.50
EVEREADY: Final Dividend - Rs. - 1.00
WHIRLPOOL: Final Dividend - Rs. - 5.00
INFOBEAN: Final Dividend - Rs. - 1.00
AVL: Final Dividend - Rs. - 9.00
RRKABEL: Final Dividend - Rs. - 3.00
SOBHA: Final Dividend - Rs. - 3.00
AARTIIND: Final Dividend - Rs. - 1.00
TINNARUBR: Final Dividend - Rs. - 2.00
SUDARSCHEM: Final Dividend - Rs. - 1.00
RPEL: Final Dividend - Rs. - 0.90
TIMKEN: Final Dividend - Rs. - 2.50
YASHO: Final Dividend - Rs. - 0.50
MCLOUD: Final Dividend - Rs. - 0.15
BONDADA: Final Dividend - Rs. - 0.15

IPO
--

Buyback
Aurobindo Pharma: Ex-Date: 30-Jul-24

Bonus
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

Stock Split
Magellanic Cloud: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 26-Jul-24
Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Tata Consumer Products: Ex-Date: 27-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Lesha Industries: 22-Jul-24; Close: 27-Jul-24
Indowind Energy: 26-Jul-24; Close: 05-Aug-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24

Open Offer
Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

Stocks Picker Articles

26 Jul 2024 04:54

*Fund Houses Recommendations*


UBS on *Tata Powers:* Initiate Buy on Company, target price at Rs 510/Sh (Positive)

UBS on *Ashok Ley:* Upgrade to Buy on Company, raise target price at Rs 280/Sh (Positive)

Nomura on *Tech Mahindra:* Maintain Buy on Company, raise target price at Rs 1600/Sh (Positive)

Nomura on *L&T:* Maintain Buy on Company, target price at Rs 4100/Sh (Positive)

Macquarie on *Ashok Ley:* Maintain Neutral on Company, target price at Rs 220/Sh (Neutral)

BofA on *Nestle:* Maintain Neutral on Company, target price at Rs 2675/Sh (Neutral)

UBS on *Syngene:* Maintain Sell on Company, target price at Rs 660/Sh (Neutral)

Citi on *Tech Mahindra:* Maintain Sell on Company, raise target price at Rs 1260/Sh (Neutral)

UBS on *Tech Mahindra:* Maintain Sell on Company, raise target price at Rs 1250/Sh (Neutral)

Nuvama on *Tech Mahindra:* Maintain Reduce on Company, target price at Rs 1200/Sh (Neutral)

Citi on *Ramco Cement:* Maintain Sell on Company, raise target price at Rs 750/Sh (Neutral)

Nuvama on *Cyient:* Maintain Hold on Company, target price at Rs 1840/Sh (Neutral)

ICICI on *Yes Bank:* Maintain Sell on Bank, target price at Rs 20/Sh (Neutral)

GS on *Laurus Lab:* Maintain Sell on Company, cut target price at Rs 350/Sh (Negative)

Jefferies on *Laurus Lab:* Maintain Underperform on Company, cut target price at Rs 250/Sh (Negative)

MS on *Cyient:* Downgrade to Underweight on Company, cut target price to Rs 1550/Sh (Negative)

CLSA on *Ramco Cement:* Downgrade to Underperform on Company, cut target price at Rs 685/Sh (Negative)

Stocks Picker Articles

26 Jul 2024 03:59

*Gandhar Oil Refinery:* Company board approves incorporation of new subsidiary Gandhar Life sciences. (Neutral)

*Aditya Birla Capital:* Company agreement to sell Aditya Birla insurance brokers extended to September 30. (Neutral)

*Sobha:* Anamudi Real Estate LLP likely to sell 5% of 9.9% stake in co via block deals. Deal size is approx $100 Million (Neutral)

*GMR Airports:* Merger of GMR Airports with GMR Airports Infra concludes. (Neutral)

*Bharti Airtel:* Airtel Africa's revenue has dipped to $1,156 million, down 16% year-on-year. (Neutral)

*VST Industries:* Company board has recommended issue of bonus shares in the ratio of 10:1 (Neutral)

*VST Ind:* Net profit at Rs 5.36 cr vs Rs 83.7 cr, Revenue at Rs 420 cr vs Rs 441 cr (YoY) (Negative)

*DLF:* Net profit at Rs 647 cr vs Rs 527 cr, Revenue at Rs 1362 cr vs Rs 1423 cr (YoY) (Negative)

*Chennai Petro:* Net profit at Rs 343 cr vs Rs 612 cr, Revenue at Rs 17095 cr vs Rs 17720 cr (YoY) (Negative)

*Cyient:* Net profit at Rs 144 cr vs Rs 189 cr, Revenue at Rs 1675 cr vs Rs 1860 cr (QoQ) (Negative)

*Ramco Cements:* Net profit at Rs 37 cr vs Rs 74 cr, Revenue at Rs 2094 cr vs Rs 2247 cr (YoY). (Negative)

Stocks Picker Articles

25 Jul 2024 05:19

Corporate Actions

Welspun Living has approved buyback proposal for purchase of 1,26,55,970 equity shares at a price of Rs. 220/- per Equity Share for an aggregate amount of Rs. 278.44 Crore, on a proportionate basis through the tender offer route.

Dividend

25-Jul-24
MAGADSUGAR: Dividend - Rs. - 15.00
AKZOINDIA: Final Dividend - Rs. - 25.00
PRADPME: Final Dividend - Rs. - 2.00
DATAMATICS: Final Dividend - Rs. - 5.00
BEPL: Interim Dividend - Rs. - 1.00
UBL: Final Dividend - Rs. - 10.00
SURYALA: Final Dividend - Rs. - 2.00
DIAMINESQ: Final Dividend - Rs. - 2.50
VGUARD: Final Dividend - Rs. - 1.40
ORIENTELEC: Final Dividend - Rs. - 0.75
PUNJABCHEM: Final Dividend - Rs. - 3.00
RADICO: Final Dividend - Rs. - 3.00
MRF: Final Dividend - Rs. - 194.00

26-Jul-24
21STCENMGM: Final Dividend - Rs. - 2.50
MENONBE: Interim Dividend - Rs. - 2.00
RANEHOLDIN: Final Dividend - Rs. - 25.00
GODREJAGRO: Final Dividend - Rs. - 10.00
MUKANDLTD: Final Dividend - Rs. - 2.00
ANUP: Final Dividend - Rs. - 20.00
NOCIL: Final Dividend - Rs. - 3.00
GALAXYSURF: Final Dividend - Rs. - 22.00
JKTYRE: Final Dividend - Rs. - 3.50
CREDITACC: Final Dividend - Rs. - 10.00
SASKEN: Final Dividend - Rs. - 13.00
NITTAGELA: Dividend - Rs. - 6.00
SYMPHONY: Final Dividend - Rs. - 8.00
SONATSOFTW: Final Dividend - Rs. - 4.40
NESCO: Final Dividend - Rs. - 6.00
BIRLACABLE: Final Dividend - Rs. - 1.75
KAIRA: Final Dividend - Rs. - 12.00
RBLBANK: Dividend - Rs. - 1.50
CONTROLPR: Final Dividend - Rs. - 5.00
DOLLAR: Dividend - Rs. - 3.00
REPCOHOME: Final Dividend - Rs. - 3.00
VINDHYATEL: Final Dividend - Rs. - 15.00
ADFFOODS: Final Dividend - Rs. - 1.20
PFC: Final Dividend - Rs. - 2.50
ORIENTPPR: Final Dividend - Rs. - 0.25
SUPER: Final Dividend - Rs. - 7.00
COROMANDEL: Final Dividend - Rs. - 6.00
PAUSHAKLTD: Final Dividend - Rs. - 20.00
COSMOFIRST: Final Dividend - Rs. - 3.00
UNIVCABLES: Final Dividend - Rs. - 3.00
UGARSUGAR: Final Dividend - Rs. - 0.25
VOITHPAPR: Final Dividend - Rs. - 8.00
ASALCBR: Final Dividend - Rs. - 2.00
JTEKTINDIA: Final Dividend - Rs. - 0.60
BASF: Final Dividend - Rs. - 15.00
KIRLOSBROS: Final Dividend - Rs. - 6.00
BOMBCYC: Final Dividend - Rs. - 5.00
ZYDUSLIFE: Final Dividend - Rs. - 3.00
GRPLTD: Dividend - Rs. - 37.50
EVEREADY: Final Dividend - Rs. - 1.00
WHIRLPOOL: Final Dividend - Rs. - 5.00
INFOBEAN: Final Dividend - Rs. - 1.00
AVL: Final Dividend - Rs. - 9.00
RRKABEL: Final Dividend - Rs. - 3.00
SOBHA: Final Dividend - Rs. - 3.00
AARTIIND: Final Dividend - Rs. - 1.00
TINNARUBR: Final Dividend - Rs. - 2.00
SUDARSCHEM: Final Dividend - Rs. - 1.00
RPEL: Final Dividend - Rs. - 0.90
TIMKEN: Final Dividend - Rs. - 2.50
YASHO: Final Dividend - Rs. - 0.50
MCLOUD: Final Dividend - Rs. - 0.15
BONDADA: Final Dividend - Rs. - 0.15

IPO
--

Buyback
Aurobindo Pharma: Ex-Date: 30-Jul-24

Bonus
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

Stock Split
KSB: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Jul-24
Magellanic Cloud: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 26-Jul-24
Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24
Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Tata Consumer Products: Ex-Date: 27-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Lesha Industries: 22-Jul-24; Close: 27-Jul-24
Indowind Energy: 26-Jul-24; Close: 05-Aug-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24

Open Offer
Agro Tech Foods: Open: 11-Jul-24; Close: 25-Jul-24
Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

Stocks Picker Articles

25 Jul 2024 04:43

Stock in Action

Kajaria Ceramics: Kajaria Ceramics continues to demonstrate robust profitability and solid execution despite sluggish retail demand. The management is hopeful of demand revival and has chalked out a strategy to scale up the business over the next three years. Tile volumes for FY24 stood at 108.1 million square metres (MSM), up 6% YoY. The tile business, which contributes nearly 90% to its top line, reported a modest revenue uptick in FY24. The growth in the consolidated top line was largely driven by new business verticals owing to the expansion of the product portfolio and entry into new markets. Sanitary ware/faucets and plywoods reported an impressive revenue growth of 15% and 35%, respectively. As per the management, the uptick in the real estate cycle should aid the demand prospects of Kajaria Ceramics with a lag of 1-2 years. The company is targeting a top line of Rs 6,500 crore by FY27, led by increased revenue contribution from new business verticals. Margins on an annualised basis are anticipated to be in the range of 15-17%. For the tile business, the management has guided to an 11-13 percent YoY volume growth, which will be driven by a combination of in-house capacity expansion and contract manufacturing. From a fundamental standpoint, Kajaria has exhibited impressive operating metrics throughout the past decade. Positive on Kajaria Ceramics given its various strategic initiatives and the scale-up of new business verticals should accelerate revenue growth.

Rainbow Children's Medicare Ltd: Rainbow is a niche player in the children’s health space. It is the largest children’s hospital in terms of bed capacity, having grown from a 50-bed single hospital in 1999 to 1,935 beds as of FY24. With the widest range of paediatric services offerings in the country, Rainbow operates on a high number of cases in tertiary and quaternary care. Its ARPOB stood at ~Rs 55,800 in FY24, growing 14% YoY. Its revenue and EBITDA have grown at a CAGR of 15% and 19%, respectively, between FY22 and FY24, with the EBITDA margin averaging at 32 percent. Its ROCE of ~25% also remains comparable with the listed peers in the industry. The company plans to add ~660 beds in the next three years to reach ~2,595 by the end of FY27, increasing its capacity by ~35 percent. This should aid volumes and occupancy in the coming years. Supported by its balance sheet strength and a healthy cashflow generation, Rainbow will be able to fund most of its expansion capex through internal accruals. Rainbow’s obstetrics-gynaecology segment also continues to grow well. Positive on Rainbow Children's Medicare as the company has ample room to benefit from secular growth trends.