Stocks Picker Articles

21 Feb 2025 05:02

🚗 Trump’s Auto Tariff & Tesla’s India Entry Shake Up Auto Market

👉🏻 US imposes 25% tariff on #auto imports from April 2025, sparking uncertainty for Indian carmakers.

👉🏻 #Tesla takes steps toward India entry, but impact on incumbents remains unclear.

Market Impact:
🔸 Auto stocks saw mild reaction; analysts suggest buying dips for long-term gains.
🔸 M&M & Tata Motors may benefit due to EV leadership, while #Maruti & others could face short-term sentiment pressure.
🔸 #Nomura forecasts India’s passenger EV share to rise to 9.3% by 2030.

Outlook:
🔸 Tesla’s entry unlikely to disrupt market immediately, #focus likely on premium segment.
🔸 PV demand may slow in 2025-26 due to high interest rates & economic uncertainty.

Stocks Picker Articles

21 Feb 2025 04:22

FPIs Dump Financials, FMCG & Capital Goods in Feb; Shift to Telecom & IT

👉🏻 Foreign investors sold ₹26,610 Cr worth of Indian equities (Feb 1-15)

👉🏻 Biggest outflows:
🔹 Financial Services: ₹-5,344 Cr
🔹 FMCG: ₹-4,336 Cr
🔹 Capital Goods: ₹-3,456 Cr
🔹 Oil & Gas: ₹-2,463 Cr

👉🏻 Where FPIs Bought:
🔹 Telecom: ₹+2,337 Cr
🔹 Healthcare: ₹+1,534 Cr
🔹 IT: ₹+833 Cr

👉🏻 Concerns over bad loans weighed on financial stocks.
👉🏻 FMCG stocks may underperform as Budget stimulus failed to drive demand.
👉🏻 Investors shifting to defensive bets like Telecom, Healthcare & IT.

Stocks Picker Articles

21 Feb 2025 04:20

Forthcoming Event

21st February: Lancor Holdings to consider Fund Raising; Ami Organics to consider Stock Split

22nd February: Consolidated Construction Consortium, Dhanlaxmi Bank, PNB Housing Finance, Heads UP Ventures to consider Fund Raising

24th February: Dipna Pharmachem to consider Fund Raising

25th February: Equinox India Developments to consider Fund Raising

27th February: SANOFI, SCHAEFFLER to consider Dividend; Taylormade Renewables to consider Fund Raising

28th February: ATN International to consider Voluntary Delisting

Stocks Picker Articles

21 Feb 2025 03:39

*Bulk Deal & Insider Trade Update*

*Bulk Deals*
*Isgec Heavy Eng Ltd: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Sell 1043192 Shares @ Rs. 915.49
*Isgec Heavy Eng Ltd: Nippon India Small Cap Fund Buy 832923 Shares @ Rs. 915
*Sai Life Sciences Limited: Small Cap World Fund Inc Buy 1055329 Shares @ Rs. 684.87
*Kabra Jewels Limited: Vikasa India Eif I Fund - Share Class P Sell 158000 Shares @ Rs. 131.08
*Kabra Jewels Limited: Necta Bloom Vcc - Necta Bloom One Sell 124000 Shares @ Rs. 135.39
*Identical Brains Studio L: Vikasa India Eif I Fund-Incube Global Opportunities Sell 88000 Shares @ Rs. 43.45
*Identical Brains Studio L: Abundantia Capital Vcc - Abundantia Capital Iii Sell 82000 Shares @ Rs. 43.45

*Block Deals*
---

*Insider Trade*
*Acquisition*
* Diamines & Chemicals Ltd.-$: Promoter Group, Acquisition 12842 shares
* Ncl Industries Ltd.-$: Kakatiya industries Pvt Ltd, Promoter Group, Acquisition 2700 shares on 19-Feb-25
* Ador Welding Ltd.: Promoter, Acquisition 75577 shares
* Tourism Finance Corporation Of India Ltd.: Aditya Kumar Halwasiya, Director, Acquisition 500000 shares on 19-Feb-25
* La Opala Rg Ltd.: GENESIS EXPORTS PRIVATE LIMITED, Promoter, Acquisition 65000 shares on 18-Feb-25
* Jindal Steel & Power Ltd.: Jindal Power Limited, Promoter Group, Acquisition 1334576 shares on 14-Feb-25
* B.L.Kashyap And Sons Ltd.: Vineet Kashyap, Promoter & Director, Acquisition 10000 shares on 19-Feb-25
* Talbros Engineering Ltd: SHWETA TALWAR, Promoter, Acquisition 500 shares on 19-Feb-25
* Mtar Technologies Ltd: K SHALINI, Promoter, Acquisition 105000 shares on 20-Feb-25

*Disposal*
* Gp Petroleums Limited: Nivaya Resources Private Limited, Promoter, Disposal 81000 shares on 18-Feb-25
* Gravita India Ltd.: Sunil Kansal, Director, Disposal 3850 shares on 17-Feb-25

*Dividend Update*
*Bombay Burmah Trading Corporation Ltd.: Interim Dividend Rs. 13.00; Ex Date: 21-Feb-2025
*Cantabil Retail India Ltd.: Interim Dividend Rs. 0.50; Ex Date: 21-Feb-2025
*Career Point Ltd.: Interim Dividend Rs. 1.00; Ex Date: 21-Feb-2025
*Firstsource Solutions Ltd.: Interim Dividend Rs. 4.00; Ex Date: 21-Feb-2025
*India Nippon Electricals Ltd.: Interim Dividend Rs. 12.50; Ex Date: 21-Feb-2025
*Kirloskar Oil Engines Ltd.: Interim Dividend Rs. 2.50; Ex Date: 21-Feb-2025
*Manappuram Finance Ltd.: Interim Dividend Rs. 1.00; Ex Date: 21-Feb-2025
*Meera Industries Ltd.: Interim Dividend Rs. 0.50; Ex Date: 21-Feb-2025
*Modison Ltd.: Interim Dividend Rs. 1.50; Ex Date: 21-Feb-2025
*Nirlon Ltd.: Interim Dividend Rs. 15.00; Ex Date: 21-Feb-2025
*Procter & Gamble Health Ltd.: Interim Dividend Rs. 80.00; Ex Date: 21-Feb-2025
*Qgo Finance Ltd.: Interim Dividend Rs. 0.15; Ex Date: 21-Feb-2025
*The Sandesh Ltd.: Interim Dividend Rs. 2.50; Ex Date: 21-Feb-2025
*SJVN Ltd.: Interim Dividend Rs. 1.15; Ex Date: 21-Feb-2025

Stocks Picker Articles

21 Feb 2025 03:34

*Repco Home Finance:* Company’s Managing Director & CEO, Mr. K.Swaminathan, tenure ends today, Feb 20, 2025. (Neutral)

*Vedanta:* Company approves debt raising of Rs 2,600 cr (Neutral)

*HG Infra:* Company has completed the sale of its entire 100% equity stake in Rewari Bypass Private Ltd to Highways Infrastructure Trust (Neutral)

*Samvardhana Motherson:* Company has incorporated a wholly owned subsidiary, Motherson Treasury Strategy Limited, in Abu Dhabi Global Market (Neutral)

*Bharat Electronics:* Company has received reaffirmed credit ratings from ICRA, ICRA reaffirmed the AAA (Stable) rating for Rs. 500 crore. (Neutral)

*Indian Overseas Bank:* SEBI issues administrative warning (Neutral)

*CIE Automotive:* Net profit at Rs. 185 cr vs estimates Rs 202 cr, Revenue at Rs. 2110 cr vs Rs 2134 cr (YoY) (Neutral)

*Sanofi:* Net profit at Rs. 44.3 cr vs estimates Rs 67.9 cr, Revenue at Rs. 178 cr vs Rs 220 cr (YoY) Company to acquire controlling stake in Opella Healthcare. (Neutral)

*CIPLA:* USFDA Inspection at Analytical Testing Facility of Sitec in Mahape, Navi Mumbai, 2 observations noted (Neutral)

*FMCG stocks:* Indian refiners have cancelled orders for 70,000 metric tons of crude palm oil (CPO) scheduled for delivery between March and June (Negative)

Stocks Picker Articles

20 Feb 2025 17:36

ACTION CONSTRUCTION : ACE Ltd Secures ₹420 Crore Contract from Ministry of Defence

Single Largest Order for 1,121 Rough Terrain Forklift Trucks to Strengthen Defence Logistics and Indigenous Manufacturing

Stocks Picker Articles

20 Feb 2025 16:03

*Fund Flow Activity:*
20 February 2025 (Rs. In Crs.)


*Turnover: (NSE + BSE)*

*Cash Volume:* 80372.2 + 4050.74 Total: 84422.94
*F&O Volume:* 32511600.68 + 1040175.99 Total: 33551776.67

*Provisional Cash*

*FII/FPI: NET SELL: -3311.55*
(11,131.94 - 14,443.49)

*DII: NET BUY: +3907.64*
(13,180.35 - 9,272.71)

Stocks Picker Articles

20 Feb 2025 16:02

*Global Equity Market Update*

*Dow Futures (US):* 44368, -260.0 points/ -0.58%

*Nasdaq Futures (US):* 21960, -215.0 points/ -0.97%

*CAC Futures (France):* 8142, +29.0 points/ +0.35%

*DAX Futures (Germany):* 22525, +35.0 points/ +0.18%

*FTSE Futures (UK):* 8668, -8.0 points/ -0.09%

*Gift Nifty (India):* 22919, +11.0 points/ +0.05%

Stocks Picker Articles

20 Feb 2025 14:43

Stocks bought by Promoters / Insiders

Deepak Nitrite - 27,100 shares @ 1,899
Godrej Properties - 75,586 shares @ 1,936
Maharashtra Seamless - 582,599 shares @ 611
NCL Industries - 27,950 shares @ 191
Sukhjit Starch - 4,000 shares @ 210
TGV Sraac - 30,885 shares @ 99
Ugar Sugar Works - 41,509 shares @ 45

Stocks Picker Articles

20 Feb 2025 14:37

Gulf Oil Lubricants India Ltd Concall Notes - Feb 2025


Financial Performance:

Achieved highest-ever quarterly revenue of ₹900 crore and EBITDA of ₹122 crore in Q3 FY 2025.
Recorded strong double-digit top-line growth of 11% year-on-year.
Core lubricants volumes reached 38,500 kl, a growth of 7% year-on-year.
EBITDA margin improved to 13.5%, showing a sequential improvement of nearly 90 basis points.
Segment Performance:

Double-digit growth observed in Motorcycle Oil segment and B2B segments like infrastructure and industrial.
B2C sales benefited from the Mega Campaign (MCO), with premium product ranges experiencing double the normal growth rate.
Volume growth across segments, with diesel engine oil at 39% and personal mobility up to 23%.
Strategic Partnerships:

Expanded partnership with Nayara to sell lubricants across 6,000 outlets, enhancing product availability.
Renewed exclusive partnership with Piaggio India until 2032, broadening high-performance lubricant offerings.
Extended commercial vehicle partnership with Piaggio until 2030.
Marketing Initiatives:

Launched a 360-degree marketing campaign "The Unstoppables" featuring brand ambassadors, enhancing consumer engagement.
Sponsored India Bike Week, attracting over 25,000 motorcycle enthusiasts, which helped strengthen brand presence in the premium biking segment.
AdBlue Performance:

AdBlue volumes improved in Q3 after a subdued Q2, with expectations for growth between 10% to 15% in the coming years.
Focus on maintaining high-quality branding in the competitive AdBlue market.
Tirex Performance:

Tirex, a subsidiary focused on DC fast charger manufacturing, reported a top line of ₹40 crore in 9 months, nearly 3x growth year-on-year.
Aiming to double revenues annually, with sufficient capacity to meet growth without major new investments required.
Margin Guidance:

Management optimistic about maintaining EBITDA margins in the guided range of 12% to 14% despite input cost pressures from rupee depreciation.
Monitoring base oil prices closely, with a focus on margin management strategies to navigate input cost fluctuations.
Future Outlook:

Early signs of demand recovery noted, with expectations of continued growth driven by government capex and infrastructure investments.
Strategic focus on premiumization of product offerings to enhance margins and market positioning.
Continued investment in digital initiatives and customer experience enhancements as part of the "Unlock 2.0" strategy.
Dividend Declaration:

Declared an interim dividend of ₹20 per share, representing a 1,000% return on the face value of ₹2.

Stocks Picker Articles

20 Feb 2025 12:21

Meghmani Organics Ltd Concall Notes - Feb 2025


Financial Performance:

Q3 FY25 revenue from operations increased by 62% YoY to ₹558 crore.
EBITDA improved to ₹60.4 crore, compared to a negative EBITDA of ₹0.4 crore in Q3 FY24.
Profit after tax stood at ₹30.2 crore against a loss of ₹27.2 crore in the same quarter previous year.
For the nine months ended December 31, 2024, revenue increased by 32% to ₹1,501 crore, with EBITDA growing to ₹115 crore from a negative EBITDA of ₹0.7 crore.
Segment Performance:

Crop Protection:

Revenue constituted 74% of total revenue, with a YoY increase of 72% to ₹410.5 crore.
Production rose by 12% to approximately 10,700 metric tons, with capacity utilization at 78%.
EBITDA for the segment surged to ₹61 crore from ₹5.1 crore in the corresponding previous year.
Pigments:

Revenue increased by 40% YoY to ₹147 crore, with production up by 21% to 3,900 metric tons.
EBITDA improved to ₹5.2 crore from ₹0.9 crore in the corresponding previous year.
Capacity utilization for the Pigments segment was about 48%.
Titanium Dioxide:

Facing pricing pressure due to aggressive dumping from China, impacting margins.
Anticipation of antidumping duty implementation by March 2025, which could stabilize pricing and support domestic industry.
Strategic Developments:

Crop Nutrition:

Focus on last-mile reach with an MoU signed with Hindustan Insecticides Limited.
Conducting extensive field activities to demonstrate the efficacy of Meghmani Nano Urea across various states.
New Product Development:

Introduction of new products like Pymetrozine, Ethiprole, Flubendamide, and others, contributing to revenue growth.
New product registrations expected to drive growth in the Agrochemical segment.
Management Outlook:

Confidence in sustaining a growth trajectory in Agrochemicals, with expectations of EBITDA margins between 14% to 16% in the near term.
Management remains optimistic about the recovery in demand and pricing in the Agrochemical segment, given the reduction in inventory levels globally.
Anticipation of improved margins and revenue growth in the Titanium Dioxide segment post-antidumping duty implementation.
Long-term growth prospects are intact due to state-of-the-art infrastructure and a wider product range.
Challenges:

Current headwinds in the Titanium Dioxide segment due to price pressures from Chinese imports.
The management acknowledges ongoing challenges but expresses confidence in recovery and growth potential in core segments.

Stocks Picker Articles

20 Feb 2025 12:21

Cholamandalam Financial Holdings Ltd Concall Notes - Feb 2025


Performance Overview:

For Q3 FY25, Cholamandalam Financial Holdings reported a gross direct premium (GDP) of ₹2,003 crores, reflecting an 8% growth compared to the multi-line insurer growth of 7.2%.
Year-to-date (YTD) GDPI reached ₹6,095 crores, with a growth rate of 10.3% compared to the industry growth of 6.8%.
The company’s market share in the motor segment grew to approximately 5.5%, with a composition of 41.2% in cars, 42.9% in commercial vehicles (CVs), and 15.8% in two-wheelers.
Regulatory Changes:

The implementation of the 1/n method for accounting and reporting of Gross Written Premium (GWP) for long-term non-motor business was noted as a significant regulatory change affecting financial reporting.
The additional GWP recognition of ₹124 crores is now reflected as premiums received in advance.
Claims and Ratios:

Claims ratio for the quarter improved to 72.6% from 74.5% in the previous year, despite the impact of the Fengal Cyclone event.
The combined ratio for Q3 was reported at 111.7%, with an adjusted figure of 108.9% when excluding the 1/n effect.
The company continues to maintain prudent reserving for motor third-party claims.
Investment and Profitability:

The investment corpus grew to ₹17,640 crores, generating an investment income of ₹332 crores for the quarter.
Profit before tax (PBT) for the quarter was ₹137 crores, with a YTD PBT of ₹486 crores.
Return on equity (ROE) reached 13.6%, not annualized, highlighting a robust financial position.
Market Dynamics:

The company noted a bullish trend in car sales during the festive season, contributing to the growth in the motor segment.
An uptick in agency business, particularly in motor insurance, has also supported growth.
The strategic focus on increasing the proportion of car insurance within the overall portfolio has been successful, improving from 25.4% in FY21 to 41.2%.
Health Insurance Insights:

Health loss ratios for the quarter were reported at 75.5%, higher than the previous quarters, attributed to the growth in the employer-employee group health business.
Price increases have been implemented for certain health products, expected to help reduce loss ratios moving forward.
Accounting and Compliance:

The management clarified that the 1/n accounting method does not significantly impact net earned premium but may affect profitability due to reinsurance commissions.
Discussion on the possibility of regulatory leeway regarding EoM compliance, with a mixed response from industry peers on deferring commissions.
Outlook:

Management remains optimistic about future growth, emphasizing adherence to core objectives and expectations of continued performance improvement in upcoming quarters.

Stocks Picker Articles

20 Feb 2025 11:05

SHRIRAM FINANCE; Dealing Room Check Says Aggressive buying at Fil desk today - CNBCTV18

Stocks Picker Articles

20 Feb 2025 09:46

EV car sales in India in 2024 🇮🇳

• Tata Motors: 61,435
• JSW MG Motor: 21,464
• Mahindra & Mahindra: 7,104
• BYD India: 2,819
• PCA India (Citroen): 1,873
• BMW: 1,210
• Hyundai Motors: 910
• Mercedes-Benz: 940
• Volvo: 940
• Kia: 442
• Audi: 408
• Porsche: 143
• Rolls-Royce: 73
• JLR: 16

Total: 98,841
Source: Autocar Pro

Stocks Picker Articles

20 Feb 2025 09:09

UPI users take note! Google Pay introduces convenience fee

Gpay has begun implementing a convenience fee for utility bill payments, including electricity and cooking gas bills. Previously free for low-value transactions, the service now charges between 0.5% and 1% plus GST for payments made using credit and debit cards.

Stocks Picker Articles

21 Feb 2025 04:55

Brokerages are bullish on these stocks 🚀

Elara on Adani Energy Solutions
Target: ₹930
Upside: 37%
Rating: Buy

Nomura on Axis Bank
Target: ₹1,230
Upside: 21%
Rating: Buy

Morgan Stanley on JSW Energy
Target: ₹545
Upside: 16%
Rating: Overweight

Bofa on Hindalco
Target: ₹725
Upside: 13%
Rating: Buy

Morgan Stanley on Indian Hotels
Target: ₹856
Upside: 12%
Rating: Overweight

Stocks Picker Articles

21 Feb 2025 04:20

Corporate Actions

Quality Power Electrical Equipments is set to make stock market debut today, February 21. The issue price is fixed at Rs. 425 per share.

Gamco has approved the issue of 5 bonus shares for every 4 existing equity shares to the eligible equity shareholders.

Dividend

21-Feb-25
NIRLON: Interim Dividend - Rs. - 15.00
INDNIPPON: Interim Dividend - Rs. - 12.50
PGHL: Interim Dividend - Rs. - 80.00
SJVN: Interim Dividend - Rs. - 1.15
FSL: Interim Dividend - Rs. - 4.00
MODISONLTD: Interim Dividend - Rs. - 1.50
MEERA: Interim Dividend - Rs. - 0.50
BBTC: Interim Dividend - Rs. - 13.00
MANAPPURAM: Interim Dividend - Rs. - 1.00
KIRLOSENG: Interim Dividend - Rs. - 2.50
CAREERP: Interim Dividend - Rs. - 1.00
QGO: Interim Dividend - Rs. - 0.15
SANDESH: Interim Dividend - Rs. - 2.50
CANTABIL: Interim Dividend - Rs. - 0.50

24-Feb-25
PRITHVIEXCH: Interim Dividend - Rs. - 1.00
ASMTEC: Interim Dividend - Rs. - 1.00

IPO
---

Buyback
---

Bonus
---

Stock Split
RDB Realty & Infrastructure: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 28-Feb-25
Coastal Corporation: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 04-Mar-25

Right Issue
Rajath Finance: Ex-Date: 21-Feb-25
Iel: Open: 04-Feb-25; Close: 21-Feb-24
Ganesh Holdings: Open: 18-Feb-25; Close: 27-Feb-24
Jyoti Structures: Open: 17-Feb-25; Close: 03-Mar-24
Kairosoft AI Solutions: Open: 20-Feb-25; Close: 03-Mar-24
Thangamayil Jewellery: Open: 21-Feb-25; Close: 04-Mar-24
Harshil Agrotech: Open: 18-Feb-25; Close: 17-Mar-24

Open Offer
Aavas Financiers: Open: 21-Feb-25; Close: 07-Mar-25

Stocks Picker Articles

21 Feb 2025 04:15

*Fund Houses Recommendations*


JP Morgan on *JSW Energy:* Initiate Overweight on Company, target price at Rs 545/Sh (Positive)

MS on *KEI Ind:* Initiate Overweight on Company, target price at Rs 4391/Sh (Positive)

BofA on *Hindalco:* Maintain Buy on Company, target price at Rs 725/Sh (Positive)

UBS on *APL Apollo:* Maintain Buy on Company, target price at Rs 2000/Sh (Positive)

Nomura on *Axis Bank:* Maintain Buy on Bank, target price at Rs 1230/Sh (Positive)

MS on *Indian Hotels:* Maintain Overweight on Company, target price at Rs 856/Sh (Positive)

Elara on *Adani Energy:* Initiate Buy on Company, target price at Rs 930/Sh (Positive)

Investec on *Suzlon:* Initiate Buy on Company, target price at Rs 70/Sh (Positive)

MOSL on *Adani Ports:* Maintain Buy on Company, target price at Rs 1400/Sh (Positive)

MOSL on *JSW Infra:* Maintain Buy on Company, target price at Rs 330/Sh (Positive)

MOSL on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 2050/Sh (Positive)

Jefferies on *Healthcare sector:* Hospital stocks offer superior earnings visibility in an otherwise uncertain market environment. Prefers Max Health, Fortis and Apollo Hospitals (Positive)

Nomura on *NBFCs:* Credit costs appear to have peaked, setting stage for improved profitability in coming qtrs. Top Picks Shriram Fin, Aadhar and BajFin (Positive)

Citi on *Pharma:* Believe tariffs on Indian generics and APIs exports to the US are unlikely at this point. Due to the uncertainty, stocks may remain volatile (Neutral)

JP Morgan on *Indian Consumer:* Pace of price hikes has risen, necessitated by persisting inflation in various agri commodities (edible oil, tea, coffee, cocoa). DMART continuing to maintain its price leadership (Neutral)

Citi on *OMCs:* OMCs could end FY25E on an ugly note. Implied FY25E dividend yields could be meaningfully lower for *BPCL/HPCL/IOCL* (Negative)

Stocks Picker Articles

21 Feb 2025 03:36

JEFFERIES ON GREED AND FEAR

The US decision to hold talks directly with Russia this week is not surprising

Trump has a track record of seeking to implement the policies he has campaigned on

Base case remains that Sunday’s German federal election will lead to a revision of the debt brake

Which will have the effect of boosting cyclical optimism on the Eurozone economy

Base case remains that for Washington to come to terms with Moscow on Ukraine will require a formal commitment that Ukraine is never joining NATO rather than cease fires

Treasury bonds are in a bear market

Growing focus on the pressure on the Fed to cut rates for fiscal reasons

US dollar index peaked on 13 January and has since declined by 2.9%

If the Bank of Japan continues to raise rates, that will be potential bad news for the majority of Japanese homeowners

US-China relationship is likely to improve under Donald Trump

Stocks Picker Articles

21 Feb 2025 03:34

*Stocks in News*


*V.L. Infraprojects:* Company has secured a significant contract for a water infrastructure project in Gujarat, Project Value of Rs 214.92 Cr. (Positive)

*Crompton Greaves Consumer:* Company announced the launch of its "TechWithHeart" initiative, showcasing new energy-efficient and smart product lines. (Positive)

*NTPC Green:* Company in pact with Bharat Light to explore offtake of green hydrogen. (Positive)

*Lemon Tree:* Company subsidiary received an arbitration award for Rs. 11.47 Cr in a claim against Hind Inns & Hotels Ltd. and Hind Motors. (Positive)

*ITI:* Company gets initial tranche of ₹100 crore from C-DoT for land at Electronic City, Bangalore. (Positive)

*RVNL/HFCL:* In a consortium signed a Project Implementation Agency (PIA) agreement with BSNL on Feb 20, 2025, for Packages 6 (UP W) & 3 (UP E) of BSNL's tender. (Positive)

*ACE:* Company secures ₹420 crore contract from Ministry of Defence. (Positive)

*Coforge:* Company acquires Xceltrait Inc. for $17.85 million. (Positive)

*Cipla:* Company receives USFDA approval for Nilotinib Capsules. (Positive)

*Senores:* Company acquires ANDA for Roflumilast tablets. (Positive)

*Kamat Hotels:* Company signed management agreement for Orchid Hotel, Mandavi. (Positive)

*Delta Corp:* Company has signed a deal to sell Deltatech Gaming (Adda52) to Head Digital Works (A23) for Rs 491 crore (Positive)

*Solarium Green:* Company wins two orders worth Rs 72 crore. (Positive)

*ISGEC:* Nippon India Smallcap Fund bought 832923 at Rs. 915.0 of the company. (Positive)

*Sai Life:* Smallcap World Fund bought 1055329 at Rs. 684.9 of the company. (Positive)

*Windlas Biotech:* Ajay Aggarwal bought 144995 at Rs. 787.4 of the company. (Positive)

*Thomas Cook:* Company, SOTC Travel, Fairfax Digital Services, LTIMindtree & Voicing.AI collaborate to build India’s first multi-modal, multi-lingual, agentic voiceenabled, GenAI advisor – Dhruv (Positive)

*ONGC:* Company eyes 60% output boost at Mumbai High via BP tie-up: Arun Kumar Singh. (Positive)

*Narayana Hrudayalaya:* Company announced the foundation stone laying ceremony for a new 1,100-bed hospital in Kolkata, named Narayana Health City, Kolkata. (Positive)

*JM Financial:* Company Gets Tax Department Order for Refund of Rs 230 Cr for Assessment Year 2008-09. (Positive)

*LIC:* Dinesh Pant, Ratnakar Patnaik have been appointed managing directors in Company. (Neutral)

*CDSL:* Company and National Securities Depository Limited have launched the unifying features in the investor apps of CDSL and NSDL (Neutral)

*Josts Engineering:* Company entered into a Trademark License Agreement with its wholly-owned subsidiary, JECL Engineering Limited. (Neutral)

*M&M:* To subscribe to the Equity Shares of MMFSL and MLDL to the full extent of the Company’s Rights Entitlement upto Rs 3000 crore (Neutral)

*M&M Financial:* Company to raise up to Rs 3,000 crore via rights issue. (Neutral)

*Kotak Mahindra:* S&P affirms ratings; outlook positive. (Neutral)

*BSE Ltd:* Company announced the resignation of Sameer Patil as Chief-Special Projects, effective May 21, 2025. (Neutral)

*Power Finance Corp:* Company incorporates new unit Kakinada I Transmission. (Neutral)

*Kotak Mahindra Bank:* Appoints Vyomesh Kapasi as Head of Products - Consumer Bank. (Neutral)

*Parag Milk:* Company received penalty orders from the Income Tax Department, Central Range 2, Pune. Penalties totaling Rs. 10.57 Cr were levied (Neutral)

*TGB:* Company received a GST order imposing a demand of Rs. 5.16 Cr (including tax, interest, and penalty) on various GST issues. (Neutral)

*Tata Steel:* Company acquires equity stake in T Steel Holdings for $300 Million. (Neutral)

*Brainbees Solutions:* Company Secretary and Compliance Officer, Ms. Neelam Jethani, resigned, effective March 15, 2025. (Neutral)

*Grindwell:* Appoints Venugopal Shanbhag as Managing Director of the company w.e.f. April 1, 2025 (Neutral)

Stocks Picker Articles

20 Feb 2025 16:19

Motilal Oswal bought these stocks: Dec quarter

1. BSE Limited
Sector: Financial, Exchanges

2. PG Electroplast
Sector: Electronic Manufacturing Segment

3. Dixon Technologies
Sector: Electronic Manufacturing Segment

4. Zen Tech
Sector:Defence

Stocks Picker Articles

20 Feb 2025 16:02

SANOFI CONSUMER RECOMMENDED RS 55 AS DIVIDEND

Stocks Picker Articles

20 Feb 2025 15:46

Emojis available absolutely free

Stocks Picker Articles

20 Feb 2025 14:37

GAIL (India) Ltd Concall Notes - Jan 2025


Financial Performance:

GAIL reported its highest ever quarterly Profit Before Tax (PBT) and Profit After Tax (PAT) for Q3 FY25.
PBT grew by 39% YoY, reaching ₹12,123 crores, while PAT stood at ₹9,263 crores.
Standalone gross turnover for Q3 FY25 was ₹34,912 crores, with PBT of ₹5,029 crores and PAT of ₹3,867 crores.
Consolidated turnover for Q3 FY25 was ₹36,887 crores, with PBT and PAT at ₹5,272 crores and ₹4,082 crores respectively.
Exceptional income of ₹2,440 crores from SAFE Marketing and Trading Singapore contributed to the financial results.
Operational Highlights:

Gas marketing volume increased to 103.46 MMSCMD in Q3 FY25 from 96.60 MMSCMD in Q2 FY25.
Imported 37 LNG cargoes during the quarter, totaling 107 cargoes for the first nine months.
Natural gas transmission volume decreased by 4% to 125.93 MMSCMD in Q3 FY25 due to reduced offtake by the power segment and shipper's volume.
Polymer production was 216 TMT with a capacity utilization of 106%, while LHC production increased to 283 TMT.
Dividend Declaration:

An interim dividend of 65% (₹6.5 per share) has been declared for FY24-25.
Project Updates:

Major pipeline projects like Mumbai-Nagpur-Jharsuguda and Jagdishpur-Haldia-Bokaro-Dhamra are expected to be completed in FY25-26.
Petrochemical projects, including 60 KTA Polypropylene at Pata and 500 KTA at Usar, are scheduled for commissioning in the upcoming financial year.
Segmental Outlook:

Gas marketing guidance remains at ₹4,500 crores for the current financial year, excluding one-off income.
A non-binding MoU with Argentina's YPF for collaboration in hydrocarbon exploration and production has been signed, indicating potential future LNG sources.
Challenges and Headwinds:

The company faced a drop in trading EBIT due to falling crude prices and higher Henry Hub prices impacting margins.
The reduction in natural gas transmission volume is attributed primarily to the power sector's demand decline and competition from newly authorized pipelines.
APM gas allocation cuts may impact LPG production, with expectations of a 75 TMT drop in Q4 FY25.
Future Projections:

GAIL anticipates an increase in gas transmission volume by 10 MMSCMD on a year-on-year basis over the next 2-3 years.
The management remains optimistic about achieving growth targets despite current challenges, highlighting a robust pipeline of projects and strategic initiatives to enhance operational efficiency.

Stocks Picker Articles

20 Feb 2025 13:53

Investors are extremely bullish—heavily invested in stocks while betting against everything else. Cash levels have dropped to just 3.5%, the lowest since 2010, according to the BofA Fund Manager Survey.

Stocks Picker Articles

20 Feb 2025 12:21

BSE Ltd Concall Notes - Feb 2025


Q3 FY25 Financial Performance:

BSE recorded highest-ever quarterly revenues of ₹835.4 crores, up 94% YoY.
Operational revenues grew by 108% YoY to ₹773.5 crores from ₹371.5 crores.
Transaction charges increased by 157% to ₹511.1 crores from ₹199 crores.
Operating expenses rose by 86% to ₹567 crores, driven by higher contributions to the core settlement guarantee fund (SGF).
Net profit attributable to shareholders increased by 103% to ₹219.7 crores from ₹108.2 crores.
Market Dynamics:

Increased market volatility observed, with cautious optimism amid global fragility and geopolitical tensions.
The Indian Finance Minister's budget provided substantial tax relief for the middle class, potentially boosting consumption and financial savings.
BSE aims to leverage increased disposable income to enhance market participation.
Business Updates:

BSE welcomed 30 new listings in Q3, raising a record ₹95,512 crores, marking a 261% increase YoY.
Healthy IPO pipeline with 108 active applications.
Average daily turnover in BSE cash market rose to ₹6,800 crores from ₹6,643 crores YoY.
Derivatives segment achieved record average daily premium turnover of ₹8,758 crores.
Core Settlement Guarantee Fund (SGF):

Contribution to core SGF increased to ₹199 crores, driven by new SEBI methodology for Minimum Required Corpus (MRC).
The requirement for core SGF is influenced by multiple factors including new members and increased open interest.
Trading Segment Insights:

BSE is focusing on improving market efficiency and trading dynamics.
The transition to a new expiry day for Sensex and Bankex contracts is aimed at enhancing liquidity.
Single stock derivatives segment is still developing, with 174 members participating in single stock futures and 139 in options.
Mutual Fund Distribution:

BSE StAR MF reported record revenues of ₹63.5 crores, up 92% YoY.
Total transactions processed grew by 39% to 17.99 crores in Q3 FY25.
Subsidiary Developments:

Asia Index Private Limited launched 15 new indices in FY25.
India INX at GIFT City expanded product offerings with Sensex derivatives contracts launched on February 3, 2025.
Strategic Focus:

BSE is committed to enhancing customer experience and operational efficiency.
Continuous upgrades to trading systems planned to accommodate increased trading volumes.
BSE is actively working on onboarding more Foreign Portfolio Investors (FPIs) and improving premium quality.
Challenges and Outlook:

The management acknowledges challenges in the Bankex segment, with trading volumes down approximately 95%.
Confidence in rebuilding Bankex liquidity through strategic initiatives.
Management remains optimistic about 2025, focusing on executing their vision to lead India's capital markets.

Stocks Picker Articles

20 Feb 2025 11:29

MARKET AT CLOSE

• Market Off Lows, But Ends Largely Lower, Midcap Outperformance Continues

• Nifty Holds Above 22,900

• Nifty Small Cap 100 Up For Second Straight Day, Up More Than 1.5%

• Nifty Auto Shrugs Trump Tariff Concerns, Snaps 8-day Losing Streak, Up >1%

• Nifty FMCG Down For The 14th Straight Session

• Sensex Falls 203 Points To 75,736 & Nifty 20 Points To 22,913

• Nifty Bank Falls Points 236 Το 49,335 & Midcap Index Rises 637 Points To 51,164

• PSU Stocks Extend Gains, Nifty PSE Up For 4th Straight Session, REC Up More Than 3%

Stocks Picker Articles

20 Feb 2025 10:42

*ACE:* INDIA SIGNS INR6.97B CONTRACTS WITH CO AND JCB INDIA - PIB (SUPPORTIVE FOR STOCK PRICES)

Stocks Picker Articles

20 Feb 2025 09:34

BHARAT ELECTRONICS: INDIA DEFENCE SIGNS 12.2B PACT WITH CO

Stocks Picker Articles

20 Feb 2025 08:42

⚡️ UP Budget Boosts Renewable Energy

👉🏻 Pump Storage Hydroelectric Project announced at ₹3,953 crore to promote non-traditional energy sources; completion in 4 years with an initial ₹50 crore allocation.

👉🏻 500 MW Solar Power Project to be set up in Jalaun as a JV between UP State Electricity Generation Corp & Coal India Ltd; total cost ₹2,500 crore, with ₹150 crore allocated.