Stocks Picker Articles

08 Aug 2024 05:43

Bonus
Rajoo Engineers: Bonus Issue 1:1; Ex-Date: 08-Aug-24
Gujarat Themis Biosyn: Bonus Issue 1:2; Ex-Date: 09-Aug-24
DJ Mediaprint: Bonus Issue 2:1; Ex-Date: 09-Aug-24
Aartech Solonics: Bonus Issue 1:2; Ex-Date: 09-Aug-24
Maruti Infrastructure: Bonus Issue 1:2; Ex-Date: 09-Aug-24
Caspian Corporate Services: Bonus Issue 2:1; Ex-Date: 09-Aug-24
Sakuma Exports: Bonus Issue 4:1; Ex-Date: 09-Aug-24
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 13-Aug-24
Milkfood: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Thinkink Picturez: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-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
Aartech Solonics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 09-Aug-24
Maruti Infrastructure: Stock Split From Rs. 10/- to Rs. 2/-; 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
Milkfood: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 13-Aug-24
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Right Issue
Swiss Military Consumer Goods: Ex-Date: 09-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24

Stocks Picker Articles

08 Aug 2024 04:49

Stock in Action

Cummins India Ltd: Cummins India, a leading manufacturer of diesel and natural gas engines in the country, reported solid 1QFY25 results driven by robust domestic demand from all segments, especially from the industrial sector, and improvement in export demand from the end markets. Revenue from operations rose 4.1% YoY to Rs. 2,315 crore. EBITDA of Rs. 472 crore was up 38% YoY while EBITDA margin expanded 500 basis points to 20.4%. PAT jumped 30.8% YoY to Rs. 462 crore. Cummins India has a strong manufacturing backbone and boasts six state-of-the-art manufacturing plants, assembly, and distribution facilities. Going forward, the government’s continued focus on infrastructure development and continued higher budgetary allocation for infrastructure, special projects for end-to-end connectivity for ports, coal, steel, and fertilizer sectors is likely to aid demand for the company’s products. Additionally, management highlighted that for the Powergen sector, there is a complete switchover to CPCB IV+ emission norms-compliant products effective July 1, 2024. The company has a strong portfolio of CPCB IV+ emission norms-compliant products to meet customer demand across the entire product range. Further, it remains optimistic about the export demand given its diversified portfolio of products. For FY25, the company intends to grow at twice the GDP rate, targeting 13-14% growth. Positive on Cummins India given its good set of 1QFY25 numbers, solid portfolio quality and the Government of India’s continued focus on infrastructure development.

Marico Limited: Marico, one of India's leading consumer products companies, reported a 6.7% increase in revenue from operations to Rs. 2,643 crore in 1QFY25 aided by improving volumes and favorable pricing. The domestic business posted a modest uptick in underlying volume growth on sequential basis while the international business delivered double-digit constant currency growth driven by resilient and broad-based growth across markets. EBITDA came in at Rs. 676 crore, up 9.1% from Rs. 574 crore reported in the year ago quarter. EBITDA margin expanded 50 basis points to 23.7% in the quarter. PAT increased 8.7% YoY to Rs. 464 crore. Going forward, the company expects revenue growth to trend upwards during FY25 on the back of an improving trajectory in domestic volume growth and higher realizations due to the favorable pricing cycle in key domestic portfolios. Gross margin is likely to expand on a YoY basis owing to a favorable portfolio mix. Marico remains focused on diversification and premiumization of its India business. It recently announced that it will collaborate with renowned dermatological solutions provider, Kaya Limited, to advance its play in science-backed personal care. Additionally, the company aims to achieve 1.5 mm of direct reach by FY27 from 1 mm in FY24 through its 3-Year Phased Plan to drive profitable growth and competitive advantage. Positive on Marico given the good set of 1QFY25 numbers, expected revival in consumer demand (especially in the rural sector) and the company's focus on diversification and premiumization of its India business to drive profitable growth.

Stocks Picker Articles

08 Aug 2024 04:48

*Apollo Tyre:* Net profit at Rs 302 cr vs Rs 397 cr, Revenue at Rs 6334 cr vs Rs 6244 cr (YoY) (Neutral)

*Jagsonpal:* Net profit at Rs 5.3 cr vs Rs 7.5 cr, Revenue at Rs 61 cr vs Rs 60 cr (YoY) (Neutral)

*Bannari:* Net profit at Rs 6.4 cr vs Rs 13.6 cr, Revenue at Rs 400 cr vs Rs 431 cr (YoY) (Neutral)

*Aadhar Housing:* Net profit at Rs 200 cr vs Rs 150 cr, Revenue at Rs 710 cr vs Rs 590 cr (YoY) (Neutral)

*Godfrey:* Net profit at Rs 230 cr vs Rs 254 cr, Revenue at Rs 1440 cr vs Rs 1245 cr (YoY) (Neutral)

*Radiant:* Net profit at Rs 11.1 cr vs Rs 14.2 cr, Revenue at Rs 100 cr vs Rs 93.4cr (YoY) (Neutral)

*Lemon Tree:* Net profit at Rs 19.8 cr vs Rs 23.5 cr, Revenue at Rs 270 cr vs Rs 222 cr (YoY) (Neutral)

*Balaji Amines:* Net profit at Rs 43.0 cr vs Rs 53.0 cr, Revenue at Rs 385 cr vs Rs 464 cr (YoY) (Neutral)

*NHPC:* Net profit at Rs 1108.0 cr vs Rs 1095.0 cr, Revenue at Rs 2694 cr vs Rs 2757 cr (YoY) (Neutral)

*Happy Forgings:* Net profit at Rs 63.79 cr vs Rs 64 cr, Revenue at Rs 341 cr vs Rs 330 cr (YoY). (Neutral)

*Mutthot Cap:* Net profit at Rs 10.8 cr vs Rs 17.8 cr, Revenue at Rs 100 cr vs Rs 107 cr (YoY). (Neutral)

*Bajaj Finserv:* Bajaj Allianz General Insurance July premium down 36% at Rs. 2,416 cr. (Neutral)

*Hindalco:* Novelis Inc said its net sales for the first quarter increased 2% year-on-year to $4.2 billion (Neutral)

*Gensol Engineering:* Company board meeting on AUG 12 to consider Q1 results, Company to consider proposal of raising of funds (Neutral)

*Karnataka Bank:* Bank enables payment of Goods & Service Tax GST through UPI. (Neutral)

*Marico:* Company Says Operating conditions in Bangladesh market are gradually improving. (Neutral)

*Adani Enterprise:* Adani is planning to raise $1.2 bn for flagship firm via share sale: Report from Business Standard (Neutral)

*Protean eGov:* Standard Chartered Bank is likely to sell a 3.09% equity stake in IT-enabled solutions provider through block deals (Neutral)

*Maruti:* Company said it has issued a recall for 2,555 Alto K10 cars which, it said, are suspected to have a defect in the steering-gear box assembly. (Neutral)

*GMM Pfaudler:* Net profit at Rs 23.9 cr vs Rs 50 cr, Revenue at Rs 785 cr vs Rs 912 cr (YoY) (Negative)

*Anjani Portland:* Net loss at Rs 19.02 cr vs loss of Rs 13.64 cr, Revenue at Rs 116 cr vs Rs 156 cr (YoY) (Negative)

*OM Infra:* Net profit at Rs 13.1 cr vs Rs 16.0 cr, Revenue at Rs 160 cr vs Rs 263 cr (YoY) (Negative)

*SKM Egg Products Export:* Net profit at Rs 11.87 cr vs Rs 34.9 cr, Revenue at Rs 117 cr vs Rs 203 cr (YoY) (Negative)

*Veranda Learning:* Net loss at Rs 25.16 cr vs loss of Rs 19.30 cr, Revenue at Rs 119 cr vs Rs 68.90 cr (YoY) (Negative)

*Transindia:* Net profit at Rs 4.7 cr vs Rs 6.1 cr, Revenue at Rs 18.7 cr vs Rs 26.3 cr (YoY) (Negative)

*Mazda:* Net profit at Rs 2.9 cr vs Rs 7.7 cr, Revenue at Rs 36 cr vs Rs 51 cr (YoY) (Negative)

*Tasty Bite Eatables:* Net loss at Rs 3.7 cr vs profit of Rs 21.4 cr, Revenue at Rs 85.0 cr vs Rs 153 cr (YoY) (Negative)

*GTL Infrastructure:* Company gets Rs 894 crore GST show cause notice from GST authority for FY18 (Negative)

*UPL:* Moodys downgrades UPL to Ba2, places ratings under review for further downgrade (Negative)

Stocks Picker Articles

07 Aug 2024 05:06

*Fund Houses Recommendations*


Bernstein on *PFC:* Maintain Outperform on Company, target price at Rs 620/Sh (Positive)

CLSA on *PFC:* Maintain Outperform on Company, target price at Rs 610/Sh (Positive)

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

MS on *PB Fintech:* Maintain Equal weight on Company, raise target price at Rs 1125/Sh (Positive)

UBS on *PI Ind:* Maintain Buy on Company, raise target price at Rs 4800/Sh (Positive)

Macquarie on *TVS Motors:* Maintain Outperform on Company, target price at Rs 2783/Sh (Positive)

Jefferies on *TVS Motors:* Maintain Buy on Company, target price at Rs 3000/Sh (Positive)

Nuvama on *JTL Industries:* Initiate Buy on Company, target price at Rs 303/Sh (Positive)

Investec on *Tata Power:* Maintain Hold on Company, raise target price at Rs 467/Sh (Positive)

Axis on *Tata Power:* Maintain Add on Company, raise target price at Rs 500/Sh (Positive)

MOSL on *Syrma SGS:* Maintain Buy on Company, target price at Rs 540/Sh (Positive)

MS on *Suzlon:* Maintain Overweight on Company, target price at Rs 73.4/Sh (Positive)

Nomura on *Shree Cement:* Maintain Buy on Company, target price at Rs 33400/Sh (Neutral)

Nomura on *Lupin:* Maintain Buy on Company, target price at Rs 1952/Sh (Neutral)

Nomura on *Cummins:* Maintain Neutral on Company, target price at Rs 3470/Sh (Neutral)

Citi on *Bata India:* Maintain Sell on Company, target price at Rs 1050/Sh (Neutral)

Jefferies on *Tata Power:* Maintain Underperform on Company, target price at Rs 325/Sh (Neutral)

Citi on *TVS Motors:* Maintain Sell on Company, target price at Rs 1600/Sh (Neutral)

Citi on *Bata India:* Maintain Sell on Company, target price at Rs 1050/Sh (Negative)

CLSA on *Tata Power:* Maintain Underperform on Company, target price at Rs 297/Sh (Negative)

UBS on *Cummins:* Maintain Neutral on Company, target price at Rs 2190/Sh (Negative)

Jefferies on *Gland Pharma:* Downgrade to Hold on Company, cut target price at Rs 2180/Sh (Negative)

MS on *LIC Housing:* Downgrade to Underweight on Company, cut target price at Rs 550/Sh (Negative)

Stocks Picker Articles

06 Aug 2024 05:43

*Bangladesh Impact on Listed Companies*

*🧳VIP Ind*
Plant in Bangladesh, 30-35% of capacity sourced from Bangladesh 

*🌴Marico*
44% of International revenue from Bangladesh 
International revenue accounts for 25% of sales

*🧴Dabur, Marico, GCPL & Britannia* 
<5% sales exposure

*👕Trent*
Top sourcing countries: The company’s top sourcing countries are Hong Kong, Thailand and Bangladesh.

*👚Key To Track 🎽*
Garment & Textile companies may benefit from Bangladesh disruption as global companies look at Bangladesh+1 supply chain

*Textile companies beneficial:*
KPR mills
Lux Ind
Vardhman Textile
Lambodhara Textile

Stocks Picker Articles

06 Aug 2024 05:26

Corporate Actions

Akums Drugs and Pharmaceuticals will debut on the stock exchanges on Tuesday at an issue price of Rs 679 apiece.

Cera Sanitaryware has approved the proposal for buyback of up to 108333 equity shares representing upto 0.83% of total Equity Shares, at a price of INR 12000/- per equity share for a total consideration not exceeding INR 130 Crores, through the “Tender Offer” route. Board has fixed Friday, 16th August, 2024 as the Record Date.

Dividend

06-Aug-24
WSTCSTPAPR: Final Dividend - Rs. - 8.00
MORGANITE: Final Dividend - Rs. - 12.00
USHAMART: Final Dividend - Rs. - 2.75
FERMENTA: Final Dividend - Rs. - 1.25
BATLIBOI: Final Dividend - Rs. - 0.50
GRASIM: Final Dividend - Rs. - 10.00
TCIEXP: Final Dividend - Rs. - 2.00
IPCALAB: Final Dividend - Rs. - 2.00
TDPOWERSYS: Final Dividend - Rs. - 0.60
OAL: Final Dividend - Rs. - 0.50
BOMOXY-B1: Final Dividend - Rs. - 25.00

07-Aug-24
TFCILTD: Final Dividend - Rs. - 2.50
ESAFSFB: Final Dividend - Rs. - 0.70
CASTROLIND: Interim Dividend - Rs. - 3.50
NUVAMA: Interim Dividend - Rs. - 81.50
EICHERMOT: Final Dividend - Rs. - 51.00
NTPC: Final Dividend - Rs. - 3.25
BOMDYEING: Final Dividend - Rs. - 1.20
BHARTIARTL: Dividend - Rs. - 8.00
GABRIEL: Final Dividend - Rs. - 2.50
360ONE: Interim Dividend - Rs. - 2.50
MINDACORP: Final Dividend - Rs. - 0.90
INFIBEAM: Final Dividend - Rs. - 0.05
VINCOFE: Final Dividend - Rs. - 0.05
NXST: Income Distribution RITES


IPO
Ola Electric Mobility: 02-Aug-24; Close: 06-Aug-24
Brainbees Solutions: 06-Aug-24; Close: 08-Aug-24
Unicommerce eSolutions: 06-Aug-24; Close: 08-Aug-24

Buyback
Indus Towers: Ex-Date: 09-Aug-24
Navneet Education: Ex-Date: 13-Aug-24
TTK Prestige: Ex-Date: 14-Aug-24
Dhanuka Agritech : Ex-Date: 16-Aug-24
Aurobindo Pharma: 05-Aug-24; Close: 09-Aug-24

Bonus
Rajoo Engineers: Bonus Issue 1:1; Ex-Date: 08-Aug-24
Gujarat Themis Biosyn: Bonus Issue 1:2; Ex-Date: 09-Aug-24
DJ Mediaprint: Bonus Issue 2:1; Ex-Date: 09-Aug-24
Aartech Solonics: Bonus Issue 1:2; Ex-Date: 09-Aug-24
Maruti Infrastructure: Bonus Issue 1:2; Ex-Date: 09-Aug-24
Caspian Corporate Services: Bonus Issue 2:1; Ex-Date: 09-Aug-24
Sakuma Exports: Bonus Issue 4:1; Ex-Date: 09-Aug-24
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 13-Aug-24
Milkfood: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Thinkink Picturez: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-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
Aartech Solonics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 09-Aug-24
Maruti Infrastructure: Stock Split From Rs. 10/- to Rs. 2/-; 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
Milkfood: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 13-Aug-24
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Right Issue
Swiss Military Consumer Goods: Ex-Date: 09-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24

Amalgamation
ISMT: Ex-Date: 06-Aug-24

Stocks Picker Articles

06 Aug 2024 04:45

Bulk Deal & Insider Trade Update

Bulk Deals
*Jubilant Pharmova Ltd: East Bridge Capital Master Fund I Ltd Buy 1405000 Shares @ Rs. 851
*Jubilant Pharmova Ltd: East Bridge Capital Master Fund Limited Sell 1405000 Shares @ Rs. 851
*Aavas Financiers Limited: Smallcap World Fund Inc Buy 501132 Shares @ Rs. 1630
*Bajaj Corp Limited: Quant Mutual Fund Buy 2700000 Shares @ Rs. 256
*Bajaj Corp Limited: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Sell 2418186 Shares @ Rs. 256.02
*Akiko Global Services L: Leading Light Fund Vcc The Triumph Fund Sell 57600 Shares @ Rs. 69.11

Insider Trade
*Disposal*
* Thirumalai Chemicals Ltd.: Narayan Santhanam, Promoter Group, Disposal 28000 shares
* Sterling Powergensys Limited: PRADEEP GORAKHCHAND SANGHVI, Promoter, Disposal 4650 shares on 30-Jul-24
* 20 Microns Ltd.: RAMKISAN DEVIDAYAL, Director, Disposal 4000 shares on 05-Aug-24
* Kpit Technologies Ltd: Hamlata Shende, Promoter, Disposal 5000 shares on 31-Jul-24

*Pledge*
* Sakthi Sugars Ltd.: ABT Investments India Private Limited, Promoter Group, Pledge 13350000 shares on 01-Aug-24

*Revoke*
* Apollo Hospitals Enterprise Ltd.: SUNEETA REDDY, Promoter & Director, Revoke 635000 shares on 02-Aug-24

Dividend Update
*Batliboi Ltd.: Final Dividend Rs. 0.50; Ex Date: 06-Aug-2024
*Bombay Oxygen Investments Ltd.: Final Dividend Rs. 25.00; Ex Date: 06-Aug-2024
*Fermenta Biotech Ltd.: Final Dividend Rs. 1.25; Ex Date: 06-Aug-2024
*Grasim Industries Ltd.: Final Dividend Rs. 10.00; Ex Date: 06-Aug-2024
*Ipca Laboratories Ltd.: Final Dividend Rs. 2.00; Ex Date: 06-Aug-2024
*LT Foods Ltd.: Interim Dividend Rs. 0.50; Ex Date: 06-Aug-2024
*Morganite Crucible (India) Ltd.: Final Dividend Rs. 12.00; Ex Date: 06-Aug-2024
*Oriental Aromatics Ltd.: Final Dividend Rs. 0.50; Ex Date: 06-Aug-2024
*TCI Express Ltd.: Final Dividend Rs. 2.00; Ex Date: 06-Aug-2024
*TD Power Systems Ltd.: Final Dividend Rs. 0.60; Ex Date: 06-Aug-2024
*Usha Martin Ltd.: Final Dividend Rs. 2.75; Ex Date: 06-Aug-2024
*West Coast Paper Mills Ltd.: Final Dividend Rs. 8.00; Ex Date: 06-Aug-2024

Stocks Picker Articles

06 Aug 2024 04:38

*Paushak:*  Net profit at Rs 10.31 cr vs Rs 9.10 cr, Revenue at Rs 52.01 cr vs Rs 48.60 cr (YoY) (Neutral)

*Eris Lifesciences:* Net profit at Rs 89 cr vs Rs 94 cr, Revenue at Rs 720 cr vs Rs 467 cr (YoY) (Neutral)

*HardCastle & Waud:* Net profit at Rs 1.1 cr vs Rs 0.55 cr, Revenue at Rs 1.6 cr vs Rs 1.1 cr (YoY) (Neutral)

*Force Motors:* Total July sales at 2472 units versus 2564 units (YoY) (Neutral)

*Adani Energy Solutions:* Company raises Rs 8,373 crore via QIP. QIP received bids of approximately 6 times base deal size from diverse group of investors. (Neutral)

*Aster DM Healthcare:* Nitish Shetty resigns as CEO of Company, effective 5th Aug, 2024. (Neutral)

*MTNL* Company defaulted in the Payment of Principal (Instalment) and Interest to the Banks (Neutral)

*Godawari Power:* Costs rise for rolling mill modifcation by 132cr and production of Structural of Steel has started (Neutral)

*HCC:* Net loss at Rs 46 cr vs Rs 52.73 cr, Revenue at Rs 1816 cr vs Rs 1927 cr (YoY) (Negative)

*Andhra Paper: Net profit at Rs 27.68 cr vs Rs 118 cr, Revenue at Rs 316 cr vs Rs 470 cr (YoY) (Negative)

*EIH Associated Hotels:* Net profit at Rs 3.6 cr vs Rs 7.2 cr, Revenue at Rs 64.5 cr vs Rs 66.9 cr (YoY) (Negative)

*Tata Chemicals:* Net profit at Rs 190 cr vs Rs 587 cr, Revenue at Rs 3789 cr vs Rs 4218 cr (YoY) (Negative)

*TBZ:* Net profit at Rs 18.47 cr vs Rs 32.20 cr, Revenue at Rs 596 cr vs Rs 571 cr (YoY) (Negative)

*SPARC:* Net loss at Rs 96 cr vs Rs 95 cr, Revenue at Rs 17 cr vs Rs 24 cr (YoY) (Negative)

*Pearl Global:* Company operates factories in Bangladesh announced temporary closure of their factories. (Negative)

*Aurobindo Pharma:* U.S. FDA inspection at Company's arm's Bhiwadi manufacturing facility closes with 'Official Action Indicated' classification (Negative)

*Lupin:* Company gets show cause notice from Maharashtra GST authority seeking recovery of Rs. 672.4 cr of tax & penalty (Negative)

Stocks Picker Articles

05 Aug 2024 05:21

Corporate Actions

Dividend

05-Aug-24
ANDHRAPAP: Final Dividend - Rs. - 10.00
ALEMBICLTD: Final Dividend - Rs. - 2.40
GANDHITUBE: Final Dividend - Rs. - 13.00
BRITANNIA: Final Dividend - Rs. - 73.50
MENNPIS: Final Dividend - Rs. - 1.00
RISHIROOP: Final Dividend - Rs. - 1.80
HERCULES: Final Dividend - Rs. - 4.00
BERGEPAINT: Dividend - Rs. - 3.50
CHAMBLFERT: Final Dividend - Rs. - 3.00
SOMANYCERA: Final Dividend - Rs. - 3.00
LINDEINDIA: Final Dividend - Rs. - 12.00
GREENPLY: Final Dividend - Rs. - 0.50

06-Aug-24
WSTCSTPAPR: Final Dividend - Rs. - 8.00
MORGANITE: Final Dividend - Rs. - 12.00
USHAMART: Final Dividend - Rs. - 2.75
FERMENTA: Final Dividend - Rs. - 1.25
BATLIBOI: Final Dividend - Rs. - 0.50
GRASIM: Final Dividend - Rs. - 10.00
TCIEXP: Final Dividend - Rs. - 2.00
IPCALAB: Final Dividend - Rs. - 2.00
TDPOWERSYS: Final Dividend - Rs. - 0.60
OAL: Final Dividend - Rs. - 0.50
BOMOXY-B1: Final Dividend - Rs. - 25.00

07-Aug-24
TFCILTD: Final Dividend - Rs. - 2.50
ESAFSFB: Final Dividend - Rs. - 0.70
CASTROLIND: Interim Dividend - Rs. - 3.50
NUVAMA: Interim Dividend - Rs. - 81.50
EICHERMOT: Final Dividend - Rs. - 51.00
NTPC: Final Dividend - Rs. - 3.25
BOMDYEING: Final Dividend - Rs. - 1.20
BHARTIARTL: Dividend - Rs. - 8.00
GABRIEL: Final Dividend - Rs. - 2.50
360ONE: Interim Dividend - Rs. - 2.50
MINDACORP: Final Dividend - Rs. - 0.90
INFIBEAM: Final Dividend - Rs. - 0.05
VINCOFE: Final Dividend - Rs. - 0.05
NXST: Income Distribution RITES


IPO
Ceigall India: 01-Aug-24; Close: 05-Aug-24
Ola Electric Mobility: 02-Aug-24; Close: 06-Aug-24
Brainbees Solutions: 06-Aug-24; Close: 08-Aug-24
Unicommerce eSolutions: 06-Aug-24; Close: 08-Aug-24

Buyback
Welspun Living: Ex-Date: 05-Aug-24
Indus Towers: Ex-Date: 09-Aug-24
Navneet Education: Ex-Date: 13-Aug-24
TTK Prestige: Ex-Date: 14-Aug-24
Dhanuka Agritech : Ex-Date: 16-Aug-24
Aurobindo Pharma: 05-Aug-24; Close: 09-Aug-24

Bonus
Rajoo Engineers: Bonus Issue 1:1; Ex-Date: 08-Aug-24
Gujarat Themis Biosyn: Bonus Issue 1:2; Ex-Date: 09-Aug-24
DJ Mediaprint: Bonus Issue 2:1; Ex-Date: 09-Aug-24
Aartech Solonics: Bonus Issue 1:2; Ex-Date: 09-Aug-24
Maruti Infrastructure: Bonus Issue 1:2; Ex-Date: 09-Aug-24
Caspian Corporate Services: Bonus Issue 2:1; Ex-Date: 09-Aug-24
Sakuma Exports: Bonus Issue 4:1; Ex-Date: 09-Aug-24
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 13-Aug-24
Milkfood: Bonus Issue 1:1; Ex-Date: 13-Aug-24

Stock Split
Aayush Wellness: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 05-Aug-24
Thinkink Picturez: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-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
Aartech Solonics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 09-Aug-24
Maruti Infrastructure: Stock Split From Rs. 10/- to Rs. 2/-; 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
Milkfood: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 13-Aug-24
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Right Issue
Swiss Military Consumer Goods: Ex-Date: 09-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-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
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24

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

Amalgamation
ISMT: Ex-Date: 06-Aug-24

Stocks Picker Articles

05 Aug 2024 05:06

*Fund Houses Recommendations*


JP Morgan on *Max Health:* Maintain Overweight on Company, raise target price at Rs 1010/Sh (Positive)

Investec on *Delhivery:* Maintain Buy on Company, raise target price at Rs 570/Sh (Positive)

CLSA on *State Bank of India:* Maintain Outperform on Bank, target price at Rs 1075/Sh (Neutral)

Nuvama on *State Bank of India:* Maintain Buy on Bank, target price at Rs 1026/Sh (Neutral)

JP Morgan on *State Bank of India:* Maintain Overweight on Bank, target price at Rs 1000/Sh (Neutral)

Nomura on *State Bank of India:* Maintain Buy on Bank, target price at Rs 1030/Sh (Neutral)

Investec on *State Bank of India:* Maintain Buy on Bank, target price at Rs 880/Sh (Neutral)

IIFL on *State Bank of India:* Maintain Add on Bank, target price at Rs 900/Sh (Neutral)

Bernstein on *State Bank of India:* Maintain Market perform on Bank, target price at Rs 810/Sh (Neutral)

CLSA on *LIC Housing:* Downgrade to Hold on Company, target price at Rs 800/Sh (Neutral)

Nomura on *LIC Housing:* Maintain Buy on Company, target price at Rs 875/Sh (Neutral)

Jefferies on *LIC Housing:* Maintain Buy on Company, target price at Rs 765/Sh (Neutral)

JP Morgan on *Britannia:* Maintain Sell on Company, target price at Rs 5260/Sh (Neutral)

Investec on *Britannia:* Maintain Hold on Company, target price at Rs 5541/Sh (Neutral)

Macquarie on *Britannia:* Maintain Neutral on Company, target price at Rs 4700/Sh (Neutral)

MS on *Britannia:* Maintain Equal weight on Company, target price at Rs 5021/Sh (Neutral)

GS on *Titan:* Maintain Buy on Company, target price at Rs 3750/Sh (Neutral)

Macquarie on *Titan:* Maintain Outperform on Company, target price at Rs 4100/Sh (Neutral)

JP Morgan on *Titan:* Maintain Neutral on Company, target price at Rs 3450/Sh (Neutral)

MS on *Titan:* Maintain Equal weight on Company, target price at Rs 3620/Sh (Neutral)

CLSA on *Titan:* Maintain Neutral on Company, target price at Rs 3948/Sh (Neutral)

Citi on *Titan:* Maintain Neutral on Company, target price at Rs 3510/Sh (Neutral)

Nuvama on *Titan:* Maintain Neutral on Company, target price at Rs 3955/Sh (Neutral)

Jefferies on *UPL:* Maintain Buy on Company, raise target price at Rs 665/Sh (Neutral)

Citi on *UPL:* Maintain Buy on Company, cut target price at Rs 640/Sh (Neutral)

Jefferies on *Divis Lab:* Maintain Hold on Company, target price at Rs 4830/Sh (Neutral)

Nuvama on *Divis Lab:* Maintain Buy on Company, target price at Rs 5740/Sh (Neutral)

Jefferies on *Whirlpool:* Maintain Underperform on Company, raise target price at Rs 1670/Sh (Neutral)

JP Morgan on *Amara Raja:* Maintain Neutral on Company, target price at Rs 1435/Sh (Neutral)

Macquarie on *Britannia:* Maintain Sell on Company, target price at Rs 4700/Sh (Negative)

Stocks Picker Articles

05 Aug 2024 04:56

*Stocks in News*


*Glaxosmithkline Pharma:* Net profit at Rs 182 cr vs Rs 130 cr, Revenue at Rs 815 cr vs Rs 760 cr (YoY) (Positive)

*CDSL:* Net profit at Rs 134 cr vs Rs 74 cr, Revenue at Rs 257 cr vs Rs 150 cr (YoY) (Positive)

*Gokul Agro:* Net profit at Rs 52.90 cr vs Rs 24.00 cr, Revenue at Rs 4291 cr vs Rs 2500 cr (YoY) (Positive)

*JK Tyre:* Net profit at Rs 211.4 cr vs Rs 154 cr, Revenue at Rs 3639 cr vs Rs 3718 cr (YoY) (Positive)

*Affle:* Net profit at Rs 87 cr vs Rs 66 cr, Revenue at Rs 520 cr vs Rs 406 cr (YoY) (Positive)

*Websol Energy:* Net profit at Rs 23 cr vs Rs 5 cr, Revenue at Rs 111 cr vs Rs 0.18 cr (YoY) (Positive)

*SML Isuzu:* Net profit at Rs 46 cr vs Rs 32 cr, Revenue at Rs 746 cr vs Rs 632 cr (YoY) (Positive)

*Delhivery:* Net profit at Rs 54 cr vs loss of Rs 89.5 cr, Revenue at Rs 2172 cr vs Rs 1927 cr (YoY) (Positive)

*Medplus Health:* Net profit at Rs 14.30 cr vs Rs 3.80 cr, Revenue at Rs 1490 cr vs Rs 1284 cr (YoY) (Positive)

*ION Exchange:* Net profit at Rs 44.80 cr vs Rs 33.30 cr, Revenue at Rs 570 cr vs Rs 479 cr (YoY) (Positive)

*Bhagiradha Chemicals:* Net profit at Rs 7.2 cr vs Rs 2.2 cr, Revenue at Rs 111 cr vs Rs 100 cr (YoY) (Positive)

*Amarjothi Spinning:* Net profit at Rs 3.3 cr vs Rs 1.5 cr, Revenue at Rs 79 cr vs Rs 48 cr (YoY) (Positive)

*Tube Investment/M&M:* Entered in to a JV with Classic legends private ltd to incorporate a JV Co for licensing "BSA" trademarks. (Positive)

*Dee Development:* Company bagged a purchase order from “GE Vernova International” with order size of $473,249. (Positive)

*Ashoka Buildcon:* Company Lowest bidder for projects worth Rs 1280 crore from Mumbai Metropolitan Region Development Authority. (Positive)

*Infra Stocks:* Cabinet approves 8 new highway projects with an investment of Rs 50000 cr (Positive)

*Integra Essentia:* Company Secures Orders worth INR 280 Million in Agro and Infra Business Sectors (Positive)

*Ambuja Cements:* Company announces Rs. 1600 Cr investment to set up 6 MTPA Cement Grinding Unit in Bihar (Positive)

*Savita Oil:* Company approved buy back at the price of 465 rupees per share via tender offer route, buyback worth Rs. 36.45 crore (Positive)

*Power Grid:* Company emerges as successful bidder for inter-state transmission line in Rajasthan (Positive)

*HEG:* Company board to consider stock split on August 13. (Positive)

*Power Mech:* Company gets order worth Rs 1.43 billion for revival of PHASE II (2 x 350 mw) of Meenakshi energy Ltd, located at nellore district, Andhra Pradesh (Positive)

*Lemon Tree Hotels:* Company signs licence pact for 45-room hotel in Nashik, Maharashtra. (Positive)

*SJVN:* Company CCEA approves Rs 5,790 cr investment for hydroelectric project. (Positive)

*IRCON:* Matter of dispute between company and ARSS Infrastructure Projects Limited has been closed in the Arbitration (Positive)

*Ram Ratna:* Approved enhancement of estimated amount of investment in new manufacturing facility at Bhiwadi, Rajasthan (Positive)

*Zaggle Prepaid:* Company has entered into a Customer Service agreement with Baroda BNP Paribas Asset Management (Positive)

*Blackbox:* Secures Rs. 410 Crores in funding to drive growth and expansion in digital infrastructure sector (Positive)

*Aeroflex:* Net profit at Rs 12.4 cr vs Rs 11.0 cr, Revenue at Rs 89 cr vs Rs 82 cr (YoY). (Neutral)

*Britannia Ind:* Net profit at Rs 500 cr vs Rs 458 cr, Revenue at Rs 4250 cr vs Rs 4011 cr (YoY) (Neutral)

*Divis Laboratories:* Net profit at Rs430 cr vs Rs 356 cr, Revenue at Rs 2118 cr vs Rs 1778 cr (YoY) (Neutral)

*SBI:* Net profit at Rs 17,035 cr vs Rs 16,884 cr, NII at Rs 41,425 cr vs Rs 38,905 cr (YoY) (Neutral)

*Amara Raja:* Net profit at Rs 249 cr vs Rs 198 cr, Revenue at Rs 3263 cr vs Rs 2796 cr (YoY) (Neutral)

*Bank of India:* Net profit at Rs 1703 cr vs Rs 1551 cr, NII at Rs 6276 cr vs Rs 5914 cr (YoY) (Neutral)

Stocks Picker Articles

02 Aug 2024 05:44

Forthcoming Event

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, Pakka to consider Fund Raising

06th August: AEL, BATAINDIA, MANINFRA, RAIN, SYMPHONY to consider Dividend; Semac Consultants, J.Kumar Infraprojects to consider Fund Raising; Chaman Lal Setia Exports, Symphony, Arex Industries to consider Buyback

07th August: GODREJCP, SKMEGGPROD to consider Dividend; Master Trust, Sukhjit Starch & Chemicals to consider Stock Split; AIA Engineering to consider Buyback; Authum Investment & Infrastructure to consider Fund Raising & Voluntary Delisting

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

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

Stocks Picker Articles

02 Aug 2024 04:57

*Fund Houses Recommendations*


Jefferies on *Sun Pharma:* Maintain Buy on Company, raise target price at Rs 2000/Sh (Positive)

CLSA on *Zomato:* Maintain Buy on Company, raise target price at Rs 350/Sh (Positive)

UBS on *Zomato:* Maintain Buy on Company, raise target price at Rs 260/Sh (Positive)

Citi on *Zomato:* Maintain Buy on Company, raise target price at Rs 280/Sh (Positive)

GS on *Zomato:* Maintain Buy on Company, raise target price at Rs 280/Sh (Positive)

Axis on *Zomato:* Maintain Buy on Company, raise target price at Rs 287/Sh (Positive)

Bernstein on *Zomato:* Maintain Outperform on Company, raise target price at Rs 275/Sh (Positive)

MS on *Zomato:* Maintain Overweight on Company, raise target price at Rs 278/Sh (Positive)

Macquarie on *AB Capital:* Maintain Outperform on Company, target price at Rs 285/Sh (Positive)

Emkay on *AB Capital:* Maintain Buy on Company, target price at Rs 260/Sh (Positive)

Jefferies on *Adani Ports:* Maintain Buy on Company, raise target price at Rs 1910/Sh (Positive)

HSBC on *Adani Ports:* Maintain Buy on Company, raise target price at Rs 1800/Sh (Positive)

MOSL on *Adani Ports:* Maintain Buy on Company, raise target price at Rs 1850/Sh (Positive)

JP Morgan on *Tata Motors:* Maintain Overweight on Company, raise target price at Rs 1250/Sh (Positive)

Jefferies on *Tata Motors:* Maintain Overweight on Company, raise target price at Rs 1330/Sh (Positive)

Nomura on *Tata Motors:* Maintain Overweight on Company, raise target price at Rs 1303/Sh (Positive)

JP Morgan on *Dabur:* Maintain Neutral on Company, raise target price at Rs 625/Sh (Positive)

Emkay on *Dabur:* Maintain Buy on Company, raise target price at Rs 750/Sh (Positive)

Nuvama on *Dabur:* Maintain Buy on Company, raise target price at Rs 760/Sh (Positive)

Nuvama on *ITC:* Maintain Buy on Company, raise target price at Rs 580/Sh (Positive)

UBS on *Tata Motors:* Maintain Sell on Company, raise target price at Rs 825/Sh (Neutral)

GS on *Tata Motors:* Maintain Sell on Company, raise target price at Rs 1100/Sh (Neutral)

Citi on *Lupin:* Maintain Sell on Company, target price at Rs 1340/Sh (Neutral)

Macquarie on *Zomato:* Maintain Underperform on Company, target price at Rs 100/Sh (Neutral)

GS on *Sun Pharma:* Maintain Sell on Company, raise target price at Rs 1450/Sh (Neutral)

JP Morgan on *ITC:* Maintain Overweight on Company, target price at Rs 535/Sh (Neutral)

MS on *ITC:* Maintain Overweight on Company, raise target price at Rs 546/Sh (Neutral)

Citi on *ITC:* Maintain Neutral on Company, target price at Rs 515/Sh (Neutral)

Emkay on *ITC:* Maintain Neutral on Company, target price at Rs 520/Sh (Neutral)

CLSA on *ITC:* Maintain Outperform on Company, raise target price at Rs 524/Sh (Neutral)

Citi on *Aptus:* Maintain Neutral on Company, target price at Rs 358/Sh (Neutral)

Citi on *Sun Pharma:* Maintain Buy on Company, target price at Rs 1640/Sh (Neutral)

GS on *Adani Ports:* Maintain Buy on Company, raise target price at Rs 1630/Sh (Neutral)

Nomura on *Sun Pharma:* Maintain Neutral on Company, target price at Rs 1444/Sh (Neutral)

JP Morgan on *Escorts:* Maintain Neutral on Company, raise target price at Rs 2390/Sh (Neutral)

CLSA on *Escorts:* Maintain Underperform on Company, raise target price at Rs 2439/Sh (Neutral)

JP Morgan on *Phoenix Mills:* Maintain Neutral on Company, raise target price at Rs 2960/Sh (Neutral)

GS on *Phoenix Mills:* Downgrade to Hold on Company, raise target price at Rs 3425/Sh (Neutral)

Investec on *Tata Steel:* Downgrade to Sell on Company, cut target price at Rs 135/Sh (Negative)

Stocks Picker Articles

02 Aug 2024 04:41

*Q1FY25 EARNING CALENDAR 02.08.2024*

AEROFLEX, *BRITANNIA*, CAMS, DALMIASUG, DELHIVERY, DHAMPURSUG, DHANUKA, *HINDZINC*, IDFC, INFIBEAM, IONEXCHANG, KIRLOSBROS, *LICHSGFIN*, MEDPLUS, PAUSHAKLTD, PSPPROJECT, RANEHOLDIN, RENUKA, SAMHI, SFL, SHARDAMOTR, SMLISUZU, SUDARSCHEM, TAJGVK, TEXINFRA, *TITAN*, TMB, *UPL*, ZYDUSWELL

*BRITANNIA*
* Revenue expected at Rs 4191 crore versus Rs 4010 crore
* EBITDA expected to be seen at Rs 777 crore versus Rs 688 crore
* EBITDA margin expected to be seen at 18.53 % versus 17.15 %
* Net profit expected to be seen at Rs 530 crore versus Rs 457 crore

*HINDZINC*
* Revenue expected at Rs 7915 crore versus Rs 7282 crore
* EBITDA expected to be seen at Rs 3982 crore versus Rs 3347 crore
* EBITDA margin expected to be seen at 50.30 % versus 45.96 %
* Net profit expected to be seen at Rs 2273 crore versus Rs 1964 crore

*LICHSGFIN*
* NII expected at Rs 2187 crore versus Rs 2209 crore
* EBIT expected to be seen at Rs 1915 crore versus Rs 2009 crore
* EBIT margin expected to be seen at 86.37 % versus 89.20 %
* Net profit expected to be seen at Rs 1230 crore versus Rs 1323 crore

*TITAN*
* Revenue expected at Rs 11,993 crore versus Rs 11,897 crore
* EBITDA expected to be seen at Rs 1162 crore versus Rs 1125 crore
* EBITDA margin expected to be seen at 9.69 % versus 9.45 %
* Net profit expected to be seen at Rs 764 crore versus Rs 753 crore

*UPL*
* Revenue expected at Rs 8833 crore versus Rs 8963 crore
* EBITDA expected to be seen at Rs 1153 crore versus Rs 1592 crore
* EBITDA margin expected to be seen at 13.05 % versus 17.76 %
* Net profit expected to be seen at Rs (313) crore versus Rs 209 crore

*Q1FY25 EARNING CALENDAR 03.08.2024*

AFFLE,*ARE&M*, BANKINDIA, CGCL, *DIVISLAB*, EVEREADY, GAEL, GOKULAGRO, HIMATSEIDE, *JKTYRE*, KUANTUM, NUCLEUS, SARDAEN, *SBIN*, UTKARSHBNK, ZUARI

*ARE&M*
* Revenue expected at Rs 3083 crore versus Rs 2769 crore
* EBITDA expected to be seen at Rs 454 crore versus Rs 353 crore
* EBITDA margin expected to be seen at 14.72% versus 12.74%
* Net profit expected to be seen at Rs 264 crore versus Rs 192 crore

*DIVISLAB*
* Revenue expected at Rs 2060 crore versus Rs 1778 crore
* EBITDA expected to be seen at Rs 615 crore versus Rs 504 crore
* EBITDA margin expected to be seen at 29.85% versus 28.34%
* Net profit expected to be seen at Rs 445 crore versus Rs 356 crore

*JKTYRE*
* Revenue expected at Rs 3874 crore versus Rs 3718 crore
* EBITDA expected to be seen at Rs 505 crore versus Rs 685 crore
* EBITDA margin expected to be seen at 13.03% versus 18.42%
* Net profit expected to be seen at Rs 207 crore versus Rs 149 crore

*SBIN*
* NII expected at Rs 41, 990 crore versus Rs 38,905 crore
* EBIT expected to be seen at Rs 25,431 crore versus Rs 22,795 crore
* EBIT margin expected to be seen at 47.27% versus 44.72%
* Net profit expected to be seen at Rs 16,867 crore versus Rs 16,884 crore

*Q1FY25 EARNING CALENDAR 05.08.2024*

ARTIPHARM, ANDHRAPAP, AVANTIFEED, *BEML*, *BHARTIARTL*, *BHARTIHEXA*, BLS, BLSE, BRIGADE, CENTURYPLY, CUPID, *DEEPAKNTR*, DEEPINDS, DEVYANI, EIHAHOTELS, EXICOM, GSFC, HAWKINCOOK, *HCC*, HGINFRA, HONAUT, INDRAMEDCO, MANGLMCEM, *MARICO*, *MSUMI*, MUKANDLTD, *ONGC*, ORIENTCEM, PARAS, REFEX, RUSTOMJEE, SANDUMA, SCHNEIDER, SDBL, SMSPHARMA, SPARC, SUVEN, SYRMA, *TAJGVK*, *TATACHEM*, TRITURBINE, VIJAYA, VMART, VRLLOG

*BHARTIARTL*
* Revenue expected at Rs 38,530 crore versus Rs 37,440 crore
* EBITDA expected to be seen at Rs 19,970 crore versus Rs 19,598 crore
* EBITDA margin expected to be seen at 51.82% versus 52.34%
* Net profit expected to be seen at Rs 3785 crore versus Rs 5028 crore

*DEEPAKNTR*
* Revenue expected at Rs 2070 crore versus Rs 1768 crore
* EBITDA expected to be seen at Rs 316 crore versus Rs 209 crore
* EBITDA margin expected to be seen at 15.26% versus 11.82%
* Net profit expected to be seen at Rs 207 crore versus Rs 149 crore

Stocks Picker Articles

02 Aug 2024 04:40

*Stocks in News*


*Suryoday SFB:* Net profit up 47.3% at ₹70.1 cr vs ₹48 cr, NII up 39.9% at ₹293.2 cr vs ₹224.7 cr (YoY) (Positive)

*GHCL Textiles:* Net profit at Rs 11.80 cr vs Rs 4.16 cr, Revenue at Rs 288.78 cr vs Rs 264.75 cr (YoY) (Positive)

*Tata Motors:* Net profit at Rs 5566 cr vs Rs 3203 cr, Revenue at Rs 1.08 lakh cr vs Rs 1.02 lakh cr (YoY) (Positive)

*Kalyan Jewellers:* Net profit at Rs 177.8 cr vs Rs 144 cr, Revenue at Rs 5535.5 cr vs Rs 4375.7 cr (YoY) (Positive)

*Thermax:* Net profit at Rs 109.42 cr vs Rs 59.95 cr, Revenue at Rs 2184 cr vs Rs 1933 cr (YoY) (Positive)

*RattanIndia Power:* Net profit at Rs 93 cr vs loss of Rs 549.4 cr, Revenue at Rs 931.8 cr vs Rs 847.3 cr (YoY) (Positive)

*HPL Electric:* Net profit at Rs 17.00 cr vs Rs 6.90 cr, Revenue at Rs 390 cr vs Rs 320 cr (YoY) (Positive)

*SJS Enterprises:* Net profit at Rs 28.2 cr vs Rs 18 cr, Revenue at Rs 189 cr vs Rs 117 cr (YoY) (Positive)

*Bajaj Steel:* Net profit at Rs 35 cr vs Rs 9.6 cr, Revenue at Rs 142 cr vs Rs 98 cr (YoY) (Positive)

*Pudumjee Paper:* Net profit at Rs 27.5 cr vs Rs 11 cr, Revenue at Rs 203 cr vs Rs 181 cr (YoY) (Positive)

*Ixigo:* Net profit at Rs 14.8 cr vs Rs 8.0 cr, Revenue at Rs 182 cr vs Rs 156 cr (YoY) (Positive)

*Music broadcast:* Net profit at Rs 2.5 cr vs Rs 0.93 cr, Revenue at Rs 60 cr vs Rs 53 cr (YoY) (Positive)

*MOIL:* Company achieves record turnover & sales in Q1. (Positive)

*Symphony:* Board meeting on 06th August to consider Buyback. (Positive)

*TTK Prestige:* Board meeting today to consider Buyback. (Positive)

*Chaman Lal Setia:* Board Meeting to be held on 06th August to consider Buyback (Positive)

*Mayur Uniquoters:* Board Meeting to be held on 08th August to consider Buyback (Positive)

*Godrej Agrovet:* Company signs agreement to acquire Tyson's 49% stake in Godrej Tyson Foods (Positive)

*KP Green Engineering:* Company gets orders of Rs 532.3 Million (Positive)

*Max Healthcare:* Company approves setting up over 250-bedded hospital in Zirakpur, Punjab, at an investment of Rs 230 crore. (Positive)

*Torrent Power:* Company signed SSSA for supply of power from renewable energy sources by development and setting up up to 33 mw hybrid projects in Gujarat (Positive)

*Coal India:* India's coal output rises by 6.69% to 74.07 MT in July. (Positive)

*Aarti Drugs:* USFDA gets EIR for Baddi unit concluding the inspection as Closed. (Positive)

*IRCON:* Matter of dispute between company and ARSS Infrastructure Projects Limited has been closed in the Arbitration (Positive)

*Swan Energy:* Company has pre-paid loan of Rs 825cr to lenders of FSRU projects. (Positive)

*Prataap Snacks:* Net profit down 29.9% at ₹9.4 cr vs ₹13 cr, Revenue up 8.7% at ₹421.4 cr vs ₹387.8 cr (YoY) (Neutral)

*Godrej Agrovet:* Net profit at Rs 135 cr vs Rs 105 cr, Revenue at Rs 2351 cr vs Rs 2510 cr (YoY) (Neutral)

*Raitel:* Net profit up 25.2% at ₹48.7 cr vs ₹38.9 cr, Revenue up 19.4% at ₹558.1 cr vs ₹467.6 cr (YoY) (Neutral)

*ITC:* Net profit at Rs 4917 cr vs Rs 4903 cr, Revenue at Rs 17,000 cr vs Rs 16,995 cr (YoY) (Neutral)

*Somany Ceramics:* Net profit at Rs 12.28 cr vs Rs 14.60 cr, Revenue at Rs 580 cr vs Rs 584 cr (YoY) (Neutral)

*Punjab Chemicals:* Net profit at Rs 13.40 cr vs Rs 21.90 cr, Revenue at Rs 240 cr vs Rs 280 cr (YoY) (Neutral)

*Le Travenues Tech:* Net profit at Rs 14.86 cr vs Rs 8.75 cr, Revenue at Rs 182 cr vs Rs 187 cr (YoY) (Neutral)

*Coromandel:* Received order of Rs 589 Cr (including interest) from GST department (Neutral)

*RCF:* Board Meeting to be held on 07-Aug-2024 to consider Fund raising. (Neutral)

*Saurashtra Cement:* Unit situated at the Ranavav Plant, Gujarat is under shut down for the annual maintenance from 2" August, 2024 for about 25 days. (Neutral)

*HDFC Life:* IRDAI levies penalty of Rs 2 crore for violation of provisions on HDFC Life (Neutral)

*Creditacces Grameen:* S Balakrishna Kamath resigns as CFO of Company, effective January 2, 2025 (Neutral)

Stocks Picker Articles

08 Aug 2024 05:43

Corporate Actions

Ceigall India will list on the bourses on August 8. The issue price is fixed at Rs 401 per share.

Agarwal Industrial Corporation has approved Sub-division / split of equity shares of face value of Rs. 10/- each into equity shares of face value of Rs. 2/- each, subject to approval of shareholders and other statutory / regulatory approvals as may be required.

Master Trust has approved Sub-division / split of equity shares of face value of Rs. 5/- each into equity shares of face value of Rs. 1/- each, subject to approval of shareholders and other statutory / regulatory approvals as may be required.

Sukhjit Starch & Chemicals has approved Sub-division / split of equity shares of face value of Rs. 10/- each into 2 equity shares of face value of Rs. 5/- each, subject to approval of shareholders and other statutory / regulatory approvals as may be required.

Godawari Power And Ispat has approved sub division/ stock split of Equity share of face value of Rs. 5/- each into 5 Equity shares of Re. 1 each subject to the approval of shareholders in the Annual General meeting.

JostS Engineering Company has approved Stock Split in the ratio of 2:1 (i.e 2 new equity shares on Rs. 1/- each for existing 1 equity share of Rs. 2 /-) subject to the approval of shareholders in the ensuing Annual General Meeting.

AIA Engineering has approved the Buy-back of up to 10,00,000 Equity Shares of face value of Rs. 2/- each (representing 1.06% of the total Equity Shares) at a price of Rs. 5,000/- per Equity Share for a total consideration not exceeding Rs. 500 Crores.

Saksoft Board has recommended issue of Bonus Shares in the ratio of 1:4 i.e. one new bonus equity share of Re. 1/- each for every four existing equity shares of Re. 1/- each subject to the approval of shareholders through Postal Ballot.

Dividend

08-Aug-24
ECOPLAST: Final Dividend - Rs. - 3.00
RITES: Interim Dividend - Rs. - 2.50
SEALMATIC: Final Dividend - Rs. - 1.10

09-Aug-24
KAYCEEI: Final Dividend - Rs. - 100.00
HINDPETRO: Final Dividend - Rs. - 16.50
JOINDRE: Final Dividend - Rs. - 2.00
BPCL: Final Dividend - Rs. - 10.50
J&KBANK: Final Dividend - Rs. - 2.15
BLACKROSE: Special Dividend - Rs. - 2.00
EQUITASBNK: Final Dividend - Rs. - 1.00
CEATLTD: Dividend - Rs. - 30.00
KOLTEPATIL: Final Dividend - Rs. - 4.00
MAGNAELQ: Final Dividend - Rs. - 5.00
MRPL: Final Dividend - Rs. - 2.00
CUB: Dividend - Rs. - 1.50
INDAG: Final Dividend - Rs. - 2.10
NATHBIOGEN: Final Dividend - Rs. - 2.00
ITHL: Final Dividend - Rs. - 5.00
BAPACK: Final Dividend - Rs. - 2.00
RKSWAMY: Final Dividend - Rs. - 2.00
RECLTD: Interim Dividend - Rs. - 3.50
HINDALCO: Final Dividend - Rs. - 3.50
JKLAKSHMI: Final Dividend - Rs. - 4.50
MAFATIND: Interim Dividend - Rs. - 1.00
TAJGVK: Dividend - Rs. - 1.50
VAIBHAVGBL: Interim Dividend - Rs. - 1.50
KEC: Final Dividend - Rs. - 4.00
SPORTKING: Final Dividend - Rs. - 5.00
ENDURANCE: Final Dividend - Rs. - 8.50
RAMCOIND: Final Dividend - Rs. - 0.75
RAMCOCEM: Dividend - Rs. - 2.50
WONDERLA: Final Dividend - Rs. - 2.50
ASKAUTOLTD: Final Dividend - Rs. - 1.00
KPITTECH: Final Dividend - Rs. - 4.60
ARVINDFASN: Final Dividend - Rs. - 1.25
KALYANKJIL: Final Dividend - Rs. - 1.20
TEGA: Final Dividend - Rs. - 2.00
ALKEM: Final Dividend - Rs. - 5.00
NETWEB: Final Dividend - Rs. - 2.00
BHEL: Final Dividend - Rs. - 0.25
VBL: Interim Dividend - Rs. - 1.25
BBTC: Dividend - Rs. - 1.20
QGO: Interim Dividend - Rs. - 0.0150

IPO
Brainbees Solutions: 06-Aug-24; Close: 08-Aug-24
Unicommerce eSolutions: 06-Aug-24; Close: 08-Aug-24

Buyback
Indus Towers: Ex-Date: 09-Aug-24
Navneet Education: Ex-Date: 13-Aug-24
TTK Prestige: Ex-Date: 14-Aug-24
Dhanuka Agritech : Ex-Date: 16-Aug-24
Aurobindo Pharma: 05-Aug-24; Close: 09-Aug-24

Stocks Picker Articles

08 Aug 2024 04:49

*Fund Houses Recommendations*


GS on *Minda Corp:* Maintain Buy on Company, target price at Rs 1350/Sh (Positive)

BofA on *Tata Motors:* Maintain Buy on Company, target price at Rs 1280/Sh (Positive)

Nomura on *Tata Motors:* Maintain Buy on Company, target price at Rs 1303/Sh (Positive)

Jefferies on *Tata Motors:* Maintain Buy on Company, target price at Rs 1330/Sh (Positive)

JP Morgan on *Pidilite:* Maintain Overweight on Company, target price at Rs 3300/Sh (Positive)

Jefferies on *Pidilite:* Maintain Hold on Company, raise target price at Rs 3310/Sh (Positive)

Jefferies on *Lupin:* Maintain Hold on Company, raise target price at Rs 1900/Sh (Positive)

Equirus on *ABFRL:* Upgrade to Buy on Company, raise target price at Rs 384/Sh (Positive)

Investec on *Godrej CP:* Maintain Outperform on Company, target price at Rs 2783/Sh (Positive)

Jefferies on *Hindalco:* Maintain Buy on Company, target price at Rs 825/Sh (Positive)

HSBC on *Cummins:* Initiate Buy on Company, target price at Rs 4200/Sh (Positive)

Investec on *Godrej CP:* Maintain Buy on Company, raise target price at Rs 1531/Sh (Positive)

Jefferies on *Godrej CP:* Maintain Buy on Company, raise target price at Rs 1580/Sh (Positive)

Macquarie on *Godrej CP:* Maintain Buy on Company, raise target price at Rs 1340/Sh (Positive)

MS on *Godrej CP:* Maintain Equal weight on Company, target price at Rs 1325/Sh (Neutral)

GS on *Lal Pathlabs:* Maintain Sell on Company, raise target price at Rs 2450/Sh (Neutral)

Jefferies on *Cummins:* Maintain Underperform on Company, target price at Rs 2190/Sh (Neutral)

GS on *Cummins:* Maintain Neutral on Company, target price at Rs 2170/Sh (Neutral)

MS on *Apollo Tyre:* Maintain Equal weight on Company, target price at Rs 472/Sh (Neutral)

MS on *Tata Motors:* Maintain Equal weight on Company, target price at Rs 1178/Sh (Neutral)

Jefferies on *Pidilite:* Maintain Hold on Company, raise target price at Rs 3310/Sh (Neutral)

Citi on *TVS Motors:* Maintain Sell on Company, target price at Rs 1600/Sh (Neutral)

Stocks Picker Articles

08 Aug 2024 04:48

*Stocks in News*


*Signature Global:* Net profit at Rs 6.8 cr vs loss Rs 7.2 cr, Revenue at Rs 400 cr vs Rs 170 cr (YoY) (Positive)

*Bhageria Industries:* Net profit at Rs 6.1 cr vs Rs 1.3 cr, Revenue at Rs 112 cr vs Rs 97.5 cr (YoY) (Positive)

*Chemplast:* Net profit at ₹23.9 cr vs loss of ₹63.9 cr, Revenue at ₹1144 cr vs ₹996 cr (YoY) (Positive)

*CCL Products:* Net profit at Rs 71 cr vs Rs 61 cr, Revenue at Rs 773 cr vs Rs 655 cr (YoY) (Positive)

*Gujarat Pipavav:* Net profit at Rs 109.6 cr vs Rs 67.8 cr, Revenue at Rs 246 cr vs Rs 215 cr (YoY) (Positive)

*Dr Lal PathLabs:* Net profit at Rs 107.8 cr vs Rs 82.6 cr, Revenue at Rs 601.9 cr vs Rs 541 cr (YoY) (Positive)

*BASF:* Net profit at Rs 221 cr vs Rs 161 cr, Revenue at Rs 3935 cr vs Rs 3328 cr (QoQ) (Positive)

*Abans Holdings:* Net profit at Rs 22.20 cr vs Rs 19.30 cr, Revenue at Rs 296 cr vs Rs 250 cr (YoY) (Positive)

*KINGFA Science:* Net profit at Rs 39.1 cr vs Rs 35.0 cr, Revenue at Rs 420 cr vs Rs 338 cr (YoY) (Positive)

*Abbott India:* Net profit at Rs 330 cr vs Rs 290 cr, Revenue at Rs 1560 cr vs Rs 1479 cr (YoY) (Positive)

*ITD Cementation:* Net profit at Rs 100 cr vs Rs 52.2 cr, Revenue at Rs 2380 cr vs Rs 1832 cr (YoY) (Positive)

*Radico:* Net profit at Rs 77.4 cr vs Rs 68.3 cr, Revenue at Rs 430 cr vs Rs 390 cr (YoY) (Positive)

*BSE:* Adjusted Net profit at Rs 265 cr vs Rs 75 cr, Revenue at Rs 608 cr vs Rs 216 cr (YoY) (Positive)

*Authum Investment:* Net profit at Rs 1092 cr vs Rs 32 cr, Revenue at Rs 1413 cr vs Rs 62 cr (YoY) (Positive)

*Manaksia:* Net profit at Rs 3.0 cr vs Rs 0.1 cr, Revenue at Rs 193 cr vs Rs 172 cr (YoY) (Positive)

*Kirloskar Oil:* Net profit at Rs 160 cr vs Rs 125 cr, Revenue at Rs 1640 cr vs Rs 1543 cr (YoY) (Positive)

*ESAB:* Net profit at Rs 44.4 cr vs Rs 42.4 cr, Revenue at Rs 330 cr vs Rs 298 cr (YoY) (Positive)

*Walchand Nagar:* Net loss at Rs 1.7 cr vs loss Rs 11.4 cr, Revenue at Rs 79 cr vs Rs 67 cr (YoY) (Positive)

*CARE:* Net profit at Rs 20.7 cr vs Rs 17.8 cr, Revenue at Rs 79 cr vs Rs 66 cr (YoY) (Positive)

*Agrawal Industrial:* Net profit at Rs 39 cr vs Rs 27 cr, Revenue at Rs 700 cr vs Rs 630 cr (YoY) (Positive)

*TVS Supply Chain Solutions:* Company in multi-year pact with JCB for in-plant logistics at Vadodara, Gujarat (Positive)

*Godrej Agrovet:* Company intends to enter into definitive agreement with Godrej pet care. (Positive)

*MTAR Technologies:* Company gets orders worth approx. Rs. 140 Cr (Positive)

*Coromandel International:* Company appoints S Sankarasubramanian as MD & CEO of the company (Positive)

*Phoenix Mills:* Company unit Astrea Real Estate acquires 5 land-owning entities in Coimbatore for Rs 370 crore. (Positive)

*Sapphire Foods:* Kotak Mahindra Mutual Fund bought 5.99 lakh shares, representing 0.93% stake at Rs 1,650 apiece. (Positive)

*Shree Renuka Sugars:* Company repaid entire ECB of $300 Million availed from holding Company (Positive)

*Sterlite Power:* Company's order book has seen a 15% increase quarter-on-quarter. (Positive)

*Bondada:* Company received order worth of Rs 19.8 crore (Positive)

*Tata Motors:* Moody’s upgraded rating for Tata Motors and JLR. (Positive)

*Godrej Consumer:* Net profit at Rs 450.7 cr vs Rs 318.8 cr, Revenue at Rs 3331 cr vs Rs 3448 cr (YoY) (Neutral)

*Sanghvi Movers:* Net loss at Rs 40.49 cr vs loss of Rs 41.79 cr, Revenue at Rs 151 cr vs Rs 146 cr (YoY) (Neutral)

*Aditya Birla Fashion and Retail:* Net loss at Rs 215 cr vs loss of Rs 162 cr, Revenue at Rs 3428 cr vs Rs 3196 cr (YoY) (Neutral)

*Welspun Corp:* Net profit at Rs 250 cr vs Rs 165 cr, Revenue at Rs 3140 cr vs Rs 4070 cr (YoY) (Neutral)

*KIMS:* Net profit at Rs 86.60 cr vs Rs 80.80 cr, Revenue at Rs 690 cr vs Rs 606 cr (YoY) (Neutral)

*Sula Vineyards:* Net profit at Rs 14.60 cr vs Rs 13.70 cr, Revenue at Rs 130 cr vs Rs 117 cr (YoY) (Neutral)

*Balaji Amines:* Net profit at Rs 43.3 cr vs Rs 52.7 cr, Revenue at Rs 385 cr vs Rs 464 cr (YoY) (Neutral)

Stocks Picker Articles

07 Aug 2024 04:54

*Stocks in News*


*Lupin:* Revenue at ₹5,600.3 cr vs poll of ₹5,145.9 cr, Net profit at ₹801.3 cr vs poll of ₹564.7 cr (Positive)

*PB Fintech:* Net profit at ₹60 cr vs loss of ₹11.9 cr, Revenue up 51.8% at ₹1,010.5 cr vs ₹665.6 cr (YoY) (Positive)

*Gulf Oil Lubricants:* Net profit at Rs 84 cr vs Rs 69 cr, Revenue at Rs 894 cr vs Rs 811 cr (YoY) (Positive)

*J Kumar Infra:* Net profit at Rs 86.42 cr vs Rs 72.83 cr, Revenue at Rs 1281 cr vs Rs 1131 cr (YoY) (Positive)

*Linde India:* Net profit at Rs 113.6 cr vs Rs 105.4 cr, Revenue at Rs 653 cr vs Rs 630 cr (QoQ) (Positive)

*Asian Granito:* Net profit at Rs 1.84 cr vs loss of Rs 2.44 cr, Revenue at Rs 343 cr vs Rs 335 cr (YoY) (Positive)

*Bata India:* Net profit at Rs 174 cr vs Rs 107 cr, Revenue at Rs 944 cr vs Rs 958 cr (YoY) (Positive)

*Sigachi:* Net profit at Rs 12.8 cr vs Rs 10.8 cr, Revenue at Rs 96 cr vs Rs 85 cr (YoY) (Positive)

*Krsnaa:* Net profit at Rs 18 cr vs Rs 14.6 cr, Revenue at Rs 170 cr vs Rs 140 cr (YoY) (Positive)

*PI Ind:* Net profit at Rs 449 cr vs Rs 369 cr, Revenue at Rs 449 cr vs Rs 369 cr (YoY) (Positive)

*Bosch:* Net profit at Rs 465.0 cr vs Rs 409.0 cr, Revenue at Rs 4317 cr vs Rs 4158 cr (YoY) (Positive)

*DLink:* Net profit at Rs 23.6 cr vs Rs 21 cr, Revenue at Rs 350 cr vs Rs 299 cr (YoY) (Positive)

*Fortis:* Net profit at Rs 165 cr vs Rs 110 cr, Revenue at Rs 1860 cr vs Rs 1660 cr (YoY) (Positive)

*Real Estate Stocks:* Government moves an amendment to provide relief for real estate under LTCG regime (Positive)

*Cupid:* Company to set up new unit in UAE to capture market share in the GCC region. (Positive)

*PC Jeweller:* Indian Bank accepts one time settlement proposal of Company (Positive)

*GR Infra projects:* Company emerges as lowest bidder for transmission project in Karnataka (Positive)

*Aurobindo Pharma:* Company receives USFDA approval for estradiol vaginal inserts USP, 10 MCG. (Positive)

*Suzlon Energy:* Company to buy 76% stake in Renom Energy Services for Rs 660 crore (Positive)

*Gujarat State Fertilizers:* Company expects 25% volume growth in fiscal 2025. (Positive)

*Adani Green:* Adani Group is planning a 150% increase in its output of solar panels by 2026 to bolster India’s carbon net zero target (Positive)

*Chambal Fertilizers:* Net profit at Rs 448.3 cr vs Rs 338.6 cr, Revenue at Rs 4933 cr vs Rs 5589 cr (YoY) (Neutral)

*Tata Power:* Net profit at Rs 970 cr vs Rs 972 cr, Revenue at Rs 17,294 cr vs Rs 15,213 cr (YoY) (Neutral)

*Gland Pharma:* Net profit at Rs 144 cr vs Rs 194 cr, Revenue at Rs 1402 cr vs Rs 1209 cr (YoY) (Neutral)

*Tamilnadu Petroprocuts:* Net profit at Rs 15.05 cr vs Rs 15.40 cr, Revenue at Rs 461 cr vs Rs 449 cr (YoY) (Neutral)

*Chaman Lal Setia:* Net profit at Rs 22.6 cr vs Rs 27.5 cr, Revenue at Rs 32.2 cr vs Rs 38.7 cr (YoY) (Neutral)

*Gujarat Gas:* Net profit at Rs 330 cr vs Rs 409 cr, Revenue at Rs 4450 cr vs Rs 4134 cr (QoQ) (Neutral)

*Kokuyo Camlin:* Net profit at Rs 16.2 cr vs Rs 18.4 cr, Revenue at Rs 230 cr vs Rs 236 cr (YoY) (Neutral)

*Cummins India:* Net profit at Rs 419.2 cr vs Rs 315 cr, Revenue at Rs 2304 cr vs Rs 2208 cr (YoY) (Neutral)

*Credo Brands:* Net profit at Rs 9.8 cr vs Rs 8.57 cr, Revenue at Rs 120 cr vs Rs 118 cr (YoY) (Neutral)

*Ritco Logistics:* Net profit at Rs 8.8 cr vs Rs 7.1 cr, Revenue at Rs 250 cr vs Rs 210 cr (YoY) (Neutral)

*Andhra Petrochemical:* Net profit at Rs 15.90 cr vs Rs 1.20 cr, Revenue at Rs 130 cr vs Rs 191 cr (YoY) (Neutral)

*GIC Housing:* Net profit at Rs 39 cr vs Rs 32 cr, Revenue at Rs 84 cr vs Rs 82 cr (YoY) (Neutral)

*EIH:* Net profit at Rs 92.2 cr vs Rs 100 cr, Revenue at Rs 530 cr vs Rs 498 cr (YoY) (Neutral)

*Vadilal:* Net profit at Rs 77 cr vs Rs 71 cr, Revenue at Rs 460 cr vs Rs 410 cr (YoY) (Neutral)

*Vedanta:* Company is targeting a $1.8 billion capital expenditure this financial year. (Neutral)

*Karur Vysya Bank:* Revises six month & 1 year lending rates by 10 bps (Neutral)

Stocks Picker Articles

06 Aug 2024 05:26

Forthcoming Event

06th August: AEL, BATAINDIA, MANINFRA, PFC, RAIN, STEELCITY to consider Dividend; Indian Terrain Fashions, J.Kumar Infraprojects, Semac Consultants to consider Fund Raising; Chaman Lal Setia Exports, Symphony, Arex Industries to consider Buyback; Rajshree Polypack to consider Stock Split

07th August: BLUECHIPT, CAPLIPOINT, LALPATHLAB, GODREJCP, SKMEGGPROD, TREL to consider Dividend; Agarwal Industrial Corporation, Master Trust, Sukhjit Starch & Chemicals to consider Stock Split; AIA Engineering to consider Buyback; Aadhar Housing Finance, Bigbloc Construction, Godrej Industries, RMC Switchgears to consider Fund Raising; Saksoft to consider Bonus issue; Godawari Power And Ispat, JostS Engineering Company to consider Dividend & Stock Split; Authum Investment & Infrastructure to consider Fund Raising & Voluntary Delisting; Wisec Global to consider Reduction of Capital

08th August: ALICON, CONCOR, GATEWAY, GCSL, PAGEIND, PREVEST, SNOWMAN, STEELCAS, UNIPARTS, UPSURGE to consider Dividend; Mindteck (India), Ndr Auto Components, Starlineps Enterprises to consider Bonus Issue; Jash Engineering, Pondy Oxides & Chemicals to consider Stock Split; Mayur Uniquoters to consider Buyback; Birla Corporation, Praxis Home Retail to consider Fund Raising; IFL Enterprises to consider Dividend & Bonus issue; James Warren Tea to consider Voluntary Delisting

09th August: BALKRISIND, GOLDIAM, INSECTICID, RAJTV, RISHABH, SATIA, SUNTV to consider Dividend; Biogen Pharmachem Industries, Hindware Home Innovation to consider Fund Raising; Axita Cotton to consider Bonus issue; Systematix Corporate Services to consider Dividend & Stock Split; Roto Pumps, Sika Interplant Systems to consider Stock Split

12th August: DSSL, NATCOPHARM to consider Dividend; Khoobsurat to consider Dividend & Bonus issue

13th August: MANAPPURAM to consider Dividend; HEG to consider Stock Split; Mufin Green Finance to consider Fund Raising

14th August: COASTCORP to consider Dividend

Stocks Picker Articles

06 Aug 2024 05:26

*Fund Houses Recommendations*


Jefferies on *ONGC:* Maintain Buy on Company, target price at Rs 390/Sh (Positive)

Jefferies on *Marico:* Maintain Buy on Company, raise target price at Rs 780/Sh (Positive)

GS on *Marico:* Maintain Buy on Company, raise target price at Rs 715/Sh (Positive)

Citi on *Bharti Airtel:* Maintain Buy on Company, target price at Rs 1750/Sh (Positive)

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

Citi on *Indigo:* Maintain Buy on Company, target price at Rs 5200/Sh (Positive)

Emkay on *Indigo:* Maintain Buy on Company, target price at Rs 5300/Sh (Positive)

Nomura on *Motherson Wiring:* Maintain Buy on Company, raise target price at Rs 85/Sh (Positive)

Citi on *Devyani Int:* Maintain Buy on Company, raise target price at Rs 215/Sh (Positive)

Bernstein *India Strategy:* US rate cuts haven’t usually moved Rupee up (Neutral)

Jefferies *India Strategy:* Higher risk of US downturn now factors in a 132bps fed rate cut by Dec'24 (Neutral)

BofA on *IT Sector:* Considerations for IT amidst risen risks in US economy (Neutral)

MS on *Marico:* Maintain Equal weight on Company, target price at Rs 596/Sh (Neutral)

Nomura on *Honeywell:* Maintain Buy on Company, target price at Rs 60800/Sh (Neutral)

UBS on *Bharti Airtel:* Maintain Neutral on Company, target price at Rs 1530/Sh (Neutral)

Macquarie on *Bharti Airtel:* Maintain Neutral on Company, target price at Rs 1280/Sh (Neutral)

Macquarie on *Birlasoft:* Upgrade to Outperform on Company, cut target price at Rs 720/Sh (Neutral)

HSBC on *LIC Housing:* Downgrade to Reduce on Company, cut target price at Rs 590/Sh (Negative)

Stocks Picker Articles

06 Aug 2024 04:45

Stock in Action

Titan Company: The steep cut in custom duties announced in the Union Budget last month has improved the consumer sentiment considerably, leading to an accelerated growth in the current quarter. As indicated in the pre-quarter update, the top-line growth moderated slightly in Q1FY25. The key jewellery business demand growth moderated to 10% YoY as a steep increase in gold prices, lower wedding days, and heat waves affected demand. The jewellery business SSSG stood at 3% YoY. The eyewear business growth moderated sharply to 3% YoY. The watches and wearables business grew in low double digits led by new products. Titan broadly maintained gross and EBIDTA margins on a YoY basis in Q1FY25. Better cost management enabled the company to maintain margins despite the moderation in growth. Post a subdued Q1 owing to multiple factors, demand has gained momentum in the current quarter. The consumer sentiment got a boost post the 9% customs duty cut announced in the Union Budget last month. Owing to the custom duty cut and the consequent reduction in gold prices, a lot of pent-up demand has emerged in the industry. Consumers who were in the wait-and-watch mode, post the steep increase in gold prices in Q1, have come back and purchasing jewellery after the announcement of the duty cut. Titan is continuing with its healthy network expansion for the jewellery business. Flagship Tanishq brand is likely to open 40-50 new stores in the current fiscal. Positive on Titan company as the cut in custom duty during Union budget is likely to boost consumer sentiment.

Tata Motors ltd.: Tata Motors reported a strong consolidated performance in 1QFY25, with margins expanding ~110bp YoY to 14.4%, driven by JLR and strong India CV business margins even as India PV margin missed estimates. Margins were also supported by higher capitalization rate. For JLR segment, North America is improving and demand in the UK is recovering. The current order book stands at ~104k units vs. ~133k units in 4QFY24 and 150k units in 3QFY24. JLR is expected to face incremental production constraints in 2Q and 3Q due to floods at a key aluminum supplier. Management hopes to minimise the impact by sourcing from alternate suppliers. Overall, it has maintained stable margin guidance for FY25E and retains its FY26 EBIT margin guidance of 10%. Management is also expected CV demand to bounce back in 2HFY25 as structural demand drivers remain intact. Positive on Tata Motors given the decent set of 1QFY25 performance.

Stocks Picker Articles

06 Aug 2024 04:38

*Stocks in News*


*SMS Pharma:* Net profit at Rs 16.50 cr vs Rs 9.34 cr, Revenue at Rs 164 cr vs Rs 135 cr (YoY) (Positive)

*Som Distilleries:* Net profit at Rs 40.50 cr vs Rs 33.70 cr, Revenue at Rs 1010 cr vs Rs 759 cr (YoY) (Positive)

*Refex Industries:* Net profit at Rs 36 cr vs Rs 22 cr, Revenue at Rs 590 cr vs Rs 380 cr (YoY) (Positive)

*H.G. Infra Engineering:* Net profit at Rs 163 cr vs Rs 150 cr, Revenue at Rs 1528 cr vs Rs 1251 cr (YoY) (Positive)

*ONGC:* Net profit at ₹8,938.1 cr vs poll of ₹8,373 cr, Revenue at ₹35,266.4 cr vs poll of ₹34,825 cr (Positive)

*V-Mart Retail:* Net profit at Rs 12 cr vs loss of Rs 21.9 cr, Revenue at Rs 786 cr vs Rs 679 cr (YoY) (Positive)

*Bharti Hexacom:* Net profit at Rs 511 cr vs Rs 253 cr, Revenue at Rs 1910 cr vs Rs 1681 cr (YoY) (Positive)

*Sanduma:* Net profit at Rs 150 cr vs Rs 39.8 cr, Revenue at Rs 600 cr vs Rs 362 cr (YoY) (Positive)

*Motherson Sumi Wiring:* Net profit at Rs 149 cr vs Rs 123 cr, Revenue at Rs 2166 cr vs Rs 1853 cr (YoY) (Positive)

*Schneider Electric:* Net profit at Rs 48 cr vs Rs 35 cr, Revenue at Rs 593 cr vs Rs 495 cr (YoY) (Positive)

*Manali Petrochemical:* Net profit at Rs 13.0 cr vs Rs 4.1 cr, Revenue at Rs 240 cr vs Rs 301 cr (YoY) (Positive)

*Brigade Ent:* Net profit at Rs 81 cr vs Rs 22 cr, Revenue at Rs 1078 cr vs Rs 654 cr (YoY) (Positive)

*Honeywell:* Net profit at Rs 137 cr vs Rs 103 cr, Revenue at Rs 960 cr vs Rs 932 cr (YoY) (Positive)

*Paras:* Net profit at Rs 14 cr vs Rs 6 cr, Revenue at Rs 84 cr vs Rs 48 cr (YoY) (Positive)

*BLS international:* Net profit at Rs 121 cr vs Rs 71 cr, Revenue at Rs 493 cr vs Rs 383 cr (YoY) (Positive)

*Deepak NTR:* Net profit up 35.1% at ₹202.5 cr vs ₹150 cr, Revenue up 22.5% at ₹2,166.8 cr vs ₹1,768.3 cr (YoY) (Positive)

*Indraprastha Medical:* Net profit at Rs 44.7 cr vs Rs 30.5 cr, Revenue at Rs 347 cr vs Rs 307 cr (YoY) (Positive)

*Biocon:* Company gets establishment inspection report from USFDA for Vizag unit (Positive)

*HUDCO:* The MoU signed with Rites and HUDCO for its Project Management Consultancy Services for projects being implemented by RITES. (Positive)

*Godrej Properties:* Management confident about meeting sales booking target of Rs 27,000 crore in FY25. (Positive)

*Power Mech:* Company bags order worth ₹110.57 crore from Dangote Petroleum Refinery & Petrochemical FZE (Positive)

*Paramount:* Board meet on 8 August 2024 to consider fund raise. (Positive)

*Marico:* To increase some products prices due to higher coconut prices, To increase some product prices in Oct-Mar (Positive)

*Aavas Financiers:* Small Cap world bought 5lk shares (Positive)

*Bajaj Corp:* Quant Mutual Fund bought 27lk shares (Positive)

*Huhtamaki:* Plutus Wealth Management Fund bought 5lk shares (Positive)

*Updater:* Net profit at Rs 25.4 cr vs Rs 12.9 cr, Revenue at Rs 650 cr vs Rs 576 cr (YoY) (Neutral)

*Mangalam Cement:* Net profit at Rs 17 cr vs Rs 15 cr, Revenue at Rs 381 cr vs Rs 421 cr (YoY) (Neutral)

*Syrma SGS:* Net profit at Rs 20 cr vs Rs 28 cr, Revenue at Rs 1160 cr vs Rs 601 cr (YoY) (Neutral)

*Aarti Pharma:* Net profit at Rs 55 cr vs Rs 47 cr, Revenue at Rs 555 cr vs Rs 458 cr (YoY) (Neutral)

*Triveni Turbines:* Net profit at Rs 80 cr vs Rs 60 cr, Revenue at Rs 463 cr vs Rs 376 cr (YoY) (Neutral)

*Bharti Airtel:* Net profit at Rs 4160 cr vs Rs 2072 cr, Revenue at Rs 38,506 cr vs Rs 37,600 cr (YoY) (Neutral)

*Subex Ltd:* Net loss at Rs 11.20 cr vs loss of Rs 19.3 cr, Revenue at Rs 68.20 cr vs Rs 67.30 cr (YoY) (Neutral)

*BEML:* Net loss at Rs 70 cr vs loss of Rs 75 cr, Revenue at Rs 634 cr vs Rs 577 cr (YoY) (Neutral)

*GSFC:* Net profit at Rs 87.3 cr vs Rs 112 cr, Revenue at Rs 2160 cr vs Rs 2063 cr (YoY) (Neutral)

*Jio Financial:* Company to hold annual shareholders' meeting on Aug 30 (Neutral)

*Andhra Petrochemical:* Net profit at Rs 15.90 cr vs Rs 1.20 cr, Revenue at Rs 130 cr vs Rs 191 cr (YoY) (Neutral)

Stocks Picker Articles

05 Aug 2024 05:21

Forthcoming Event

05th August: Cera Sanitaryware to consider Buyback; BLS International Services, Happiest Minds Technologies, Hindustan Construction Company, MAC Hotels, PAKKA, Phoenix Township, Popees Cares, Refex Industries, Supra Pacific Financial Services to consider Fund Raising

06th August: AEL, BATAINDIA, MANINFRA, PFC, RAIN, STEELCITY to consider Dividend; Indian Terrain Fashions, J.Kumar Infraprojects, Semac Consultants to consider Fund Raising; Chaman Lal Setia Exports, Symphony, Arex Industries to consider Buyback; Rajshree Polypack to consider Stock Split

07th August: BLUECHIPT, CAPLIPOINT, LALPATHLAB, GODREJCP, SKMEGGPROD, TREL to consider Dividend; Agarwal Industrial Corporation, Master Trust, Sukhjit Starch & Chemicals to consider Stock Split; AIA Engineering to consider Buyback; Aadhar Housing Finance, Bigbloc Construction, Godrej Industries, RMC Switchgears to consider Fund Raising; Saksoft to consider Bonus issue; Godawari Power And Ispat, JostS Engineering Company to consider Dividend & Stock Split; Authum Investment & Infrastructure to consider Fund Raising & Voluntary Delisting; Wisec Global to consider Reduction of Capital

08th August: ALICON, CONCOR, GATEWAY, GCSL, PAGEIND, PREVEST, SNOWMAN, STEELCAS, UNIPARTS, UPSURGE to consider Dividend; Mindteck (India), Ndr Auto Components, Starlineps Enterprises to consider Bonus Issue; Jash Engineering, Pondy Oxides & Chemicals to consider Stock Split; Mayur Uniquoters to consider Buyback; Birla Corporation, Praxis Home Retail to consider Fund Raising; IFL Enterprises to consider Dividend & Bonus issue; James Warren Tea to consider Voluntary Delisting

09th August: BALKRISIND, GOLDIAM, INSECTICID, RAJTV, RISHABH, SATIA, SUNTV to consider Dividend; Biogen Pharmachem Industries, Hindware Home Innovation to consider Fund Raising; Axita Cotton to consider Bonus issue; Systematix Corporate Services to consider Dividend & Stock Split; Roto Pumps, Sika Interplant Systems to consider Stock Split

12th August: DSSL, NATCOPHARM to consider Dividend; Khoobsurat to consider Dividend & Bonus issue

13th August: MANAPPURAM to consider Dividend; HEG to consider Stock Split

14th August: COASTCORP to consider Dividend

Stocks Picker Articles

05 Aug 2024 04:57

*Tamilnad Mercantile Bank:* Net profit at Rs 287.3 cr vs Rs 261 cr, NII at Rs 174.8 cr vs Rs 161.9 cr (YoY) (Neutral)

*Eveready Industries:* Net profit at Rs 50 cr vs Rs 44 cr, Revenue at Rs 349 cr vs Rs 364 cr (YoY) (Neutral)

*Ramco Ind:* Net profit at Rs 39.40 cr vs Rs 39.60 cr, Revenue at Rs 540 cr vs Rs 490 cr (YoY) (Neutral)

*Andhra Petrochemical:* Net profit at Rs 15.90 cr vs Rs 1.20 cr, Revenue at Rs 130 cr vs Rs 191 cr (YoY) (Neutral)

*Paushak:* Net profit at Rs 10.31 cr vs Rs 9.10 cr, Revenue at Rs 52.01 cr vs Rs 48.60 cr (YoY) (Neutral)

*Eris Lifesciences:* Net profit at Rs 89 cr vs Rs 94 cr, Revenue at Rs 720 cr vs Rs 467 cr (YoY) (Neutral)

*Kriti Industries:* Net profit at Rs 13.7 cr vs Rs 7.8 cr, Revenue at Rs 257 cr vs Rs 280 cr (YoY) (Neutral)

*Wipro:* Company gets Rs 224 crore from relinquishment of lease hold rights & transfer of land, building along with other assets (Neutral)

*Jyothy Labs:* Sanjay Agarwal resigns as CFO of Company, effective August 2. (Neutral)

*Adani Energy:* Company sets QIP issue price at Rs 976/share. (Neutral)

*Samvardhana Motherson:* Company to acquire Sojitz Corp's 34% stake in JV Motherson Auto Solutions for Rs 237 crore (Neutral)

*Aptech:* Pawan Nawal appointed as Group CFO of Aptech, effective August 2 (Neutral)

*ABFRL+TCNS:* Scheme of Amalgamation among TCNS Clothing & ABFRL has approved by NCLT (Neutral)

*Infosys:* DGGI closes pre-show cause GST notice proceedings of Rs 3,898 cr for 2017-18 (Neutral)

*JSW Steel:* Company submits notice to surrender mining lease w.r.t one mine, namely Jajang Iron Ore Block at Keonjhar, Odisha due to un-economic operation (Neutral)

*Jay Bharat Maruti:* Company approved raising of funds amount not exceeding Rs 5 Billion (Neutral)

*Hero MotoCorp:* Company collaborates with the International Hockey Federation (FIH) for five years. (Neutral)

*Britannia:* Company pays Rs 24.63 crore to workers following closure of Kolkata facility. (Neutral)

*M&M Financial:* Overall disbursement at approximately Rs 4,530 cr, up 3%, Collection efficiency at 95% vs 96% (YoY). (Neutral)

*Aadhar Housing:* Board Meeting to be held on 07-Aug-2024 to consider Fund raising (Neutral)

*Allcargo Gati:* Net loss at Rs 2.17 cr vs Rs 2.75 cr, Revenue at Rs 408 cr vs Rs 4826 cr (YoY) (Negative)

*Nucleus Software:* Net profit at Rs 30 cr vs Rs 52 cr, Revenue at Rs 195 cr vs Rs 210 cr (QoQ). (Negative)

*Sudarshan Chemical:* Net profit at Rs 29.43 cr vs Rs 58.03 cr, Revenue at Rs 627 cr vs Rs 758 cr (YoY) (Negative)

*Gland Pharma:* Company USFDA issued 3 observations to Hyderabad unit (Negative)

*United Spirits/UBL:* India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod (Negative)

*Titan:* Net profit at Rs 770 cr vs Rs 777 cr, Revenue at Rs 12,053 cr vs Rs 11,145 cr (YoY) (Negative)

*Taj GVK Hotels:* Net profit at Rs 12.70 cr vs Rs 13.20 cr, Revenue at Rs 92.80 cr vs Rs 91.60 cr (YoY) (Negative)

*Mold Tek:* Net profit at Rs 5.18 cr vs Rs 6.30 cr, Revenue at Rs 39.22 cr vs Rs 36.70 cr (YoY) (Negative)

*Dhampur Sugar:* Net profit at Rs 1.3 cr vs Rs 45.2 cr, Revenue at Rs 680 cr vs Rs 915 cr (YoY) (Negative)

*SBIN:* Fresh Slippages At Rs 7,903 Cr Vs Rs 3,867 Cr (QoQ) (Negative)

*Bharat Forge/ RK Forge:* North America Class 8 Truck Orders At 12,400 Units, At A 15-mth Low (Negative)

Stocks Picker Articles

05 Aug 2024 04:43

Stock in Action

Zomato ltd.: Zomato reported a robust set of numbers with revenues jumping 74% YoY and 18.1% QoQ, led by quick commerce and food delivery businesses. The quick commerce business delivered a 22.5% sequential GOV (gross order value) growth on the back of a 20.7% QoQ increase in orders and was aided by the addition of 113 stores. The GOV of the food delivery business grew by 9.8% QoQ with a jump in orders and an improvement in the AOV (average order value). The PAT, excluding other income, stood at Rs 17 crore, the first-ever positive bottom line without the impact of other income. The quick commerce business has scaled up well and touched a GOV of Rs 4,923 crore in Q1FY25, almost a Rs 20,000 crore annual run rate. This quarter's performance was driven by a significant jump in the number of orders and store additions. Quick commerce has seen a consistent rise in the daily order value per store from Rs 6.2 lakh in Q1FY24 to Rs 9.56 lakh in Q1FY25. The management plans to take the total store count to 2000 by 2026 , expanding to new cities and locking horns with offline retailers. Zomato’s management is now building an app that offers going-out adjacencies, including events & movies ticket bookings, shopping, and staycation. Zomato has displayed strong execution on profitability, while maintaining growth in all its businesses. Its aggressive expansion strategy in the quick commerce business continues to pay off each quarter. Positive on Zomato given the robust set of 1QFY25 performance.

V-Guard Industries Ltd.: V-Guard Industries Ltd has reported a revenue growth of 22% YoY in Q1 FY25, primarily due to the strong performance in the electronics and consumer durables segment. Company's geographical diversification strategy of increasing the penetration into the non-south market appears on track, with non-southern market growing significantly faster than the southern market. Gross margins benefited from benign input costs. However, gains at the operational level were partially offset by elevated advertisement expenses. The EBITDA margins saw an improvement of 200 bps to 10.6%. Electricals posted a moderate growth of 7% YoY in the first quarter. The soft performance was on account of a flattish growth in the wires & cables (W&C) segment due to de-stocking by channel partners on the back of volatility in input costs. Consumer durables recorded a growth of 26% YoY due to a strong rebound in fans, after several quarters of subdued performance. Sunflame posted a revenue contraction of 7% YoY in Q1. Despite its strong presence in the kitchen appliances market Sunflame, has encountered growth challenges due to subdued demand in the institutional business. Positive on V-Guard Industries as the company's revenue and earnings are growing at a consistent and steady pace.

Stocks Picker Articles

02 Aug 2024 05:43

Corporate Actions

Pocl Enterprises s has approved sub-division of the existing one (1) Equity Share of face value of Rs. 10/- each, into five (5) Equity Shares of face value of Rs. 2/- each, subject to the approval of shareholders of the Company at the ensuing Annual General Meeting. Record date has been fixed as October 25, 2024.

Dividend

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

05-Aug-24
ANDHRAPAP: Final Dividend - Rs. - 10.00
GANDHITUBE: Final Dividend - Rs. - 13.00
ALEMBICLTD: Final Dividend - Rs. - 2.40
BRITANNIA: Final Dividend - Rs. - 73.50
MENNPIS: Final Dividend - Rs. - 1.00
RISHIROOP: Final Dividend - Rs. - 1.80
BERGEPAINT: Dividend - Rs. - 3.50
HERCULES: Final Dividend - Rs. - 4.00
CHAMBLFERT: Final Dividend - Rs. - 3.00
SOMANYCERA: Final Dividend - Rs. - 3.00
GREENPLY: Final Dividend - Rs. - 0.50
LINDEINDIA: Final Dividend - Rs. - 12.00

IPO
Ceigall India: 01-Aug-24; Close: 05-Aug-24
Ola Electric Mobility: 02-Aug-24; Close: 06-Aug-24
Brainbees Solutions: 06-Aug-24; Close: 08-Aug-24
Unicommerce eSolutions: 06-Aug-24; Close: 08-Aug-24

Buyback
Welspun Living: Ex-Date: 05-Aug-24
Indus Towers: Ex-Date: 09-Aug-24
Navneet Education: Ex-Date: 13-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

02 Aug 2024 04:41

*MARICO*
* Revenue expected at Rs 2660 crore versus Rs 2477 crore
* EBITDA expected to be seen at Rs 627 crore versus Rs 574 crore
* EBITDA margin expected to be seen at 23.57% versus 23.17%
* Net profit expected to be seen at Rs 462 crore versus Rs 427 crore

*MSUMI*
* Revenue expected at Rs 2219 crore versus Rs 1858 crore
* EBITDA expected to be seen at Rs 271 crore versus Rs 194 crore
* EBITDA margin expected to be seen at 12.21% versus 10.44%
* Net profit expected to be seen at Rs 174 crore versus Rs 123 crore

*TATACHEM*
* Revenue expected at Rs 3686 crore versus Rs 4218 crore
* EBITDA expected to be seen at Rs 511 crore versus Rs 1043 crore
* EBITDA margin expected to be seen at 13.86% versus 24.72%
* Net profit expected to be seen at Rs 114 crore versus Rs 523 crore

Stocks Picker Articles

02 Aug 2024 04:41

*Nestle India:* Company invests ₹706 cr in JV with Dr Reddy’s Lab (Neutral)

*Samvardhan:* Board meeting today to consider Fund raising. (Neutral)

*SIS:* Board meeting today to consider Fund raising. (Neutral)

*Spandana:* Board meeting today to consider Fund raising. (Neutral)

*Mahindra & Mahindra:* Company's shareholders approve re-appointment of Anish Shah as MD & CEO (Neutral)

*Infosys:* Karnataka GST Dept withdraws pre-show cause notice (Neutral)

*SpiceJet:* Flights from Dubai to India cancelled on July 31 over 'unpaid dues'. (Negative)

*Morepan:* QIP launched with issue size is up to ₹200 crore. Indicative price at ₹54.37/sh, at a discount of 9.2% to CMP (Negative)

*Eicher Motors:* Royal Enfield sales at 67,265 units vs Noumra estimate of 71,500 units (Negative)

*Hero Moto Corp:* Total sales down 5.4% at 3.70 lk units vs 3.91 lk units (YoY) (Negative)

*Repco Home:* Net profit up 17.9% at ₹112.5 cr vs ₹95 cr, NII down 24.5% at ₹174.8 cr vs ₹231.4 cr (YoY) (Negative)

*Bharat Wire:* Net profit at Rs 18.05 cr vs Rs 23.70 cr, Revenue at Rs 133 cr vs Rs 160 cr (YoY) (Negative)

*Triveni Engineering:* Net profit at Rs 31.30 cr vs Rs 67.60 cr, Revenue at Rs 1530 cr vs Rs 1430 cr (YoY) (Negative)

Stocks Picker Articles

01 Aug 2024 05:21

Forthcoming Event

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, Pakka 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; Authum Investment & Infrastructure to consider Fund Raising & Voluntary Delisting

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;