Stocks Picker Articles

26 Apr 2024 04:45

*Stocks in News*


*Rites:* Company entered into a MOU with Ultratech for project management consultancy services of rail infra projects (Positive)

*Biocon: Co Says Scheme Of Amalgamation Of Biofusion Therapeutics With Biocon Pharma Approved By Indian Tribunal. (Positive)

*Cyient:* Company Q4 earnings Net profit up 28.5% at ₹196.9 cr vs ₹153.2 cr, Revenue up 2.2% at ₹1860.8 cr vs ₹1,821.4 cr (QoQ) (Positive)

*Zensar Tech:* Net profit up 45.4% at ₹173.3 cr vs ₹119.2 cr, Revenue up 1.4% at ₹1,229.7 cr vs ₹1,212.6 cr (YoY). (Positive)

*Som Distilleries:* Net profit at ₹20 cr vs ₹15.9 cr, Revenue up 51.1% at ₹381.6 cr vs ₹252.6 cr (YoY) (Positive)

*Jai Balaji:* Net profit Rs 273 crore vs loss Rs 13.1 crore, revenue Rs 1846 crore vs Rs 1724 crore (YOY) (Positive)

*GG Engineering:* Net profit Rs 8.1 crore vs Rs 5.3 crore, revenue Rs 76 crore vs Rs 24.9 crore (YOY) (Positive)

*Aavas Fin:* Net profit Rs 143 crore vs Rs 127 crore, revenue Rs 546 crore vs Rs 449 crore (YOY) (Positive)

*Puravankara:* Company arm Provident Housing secures ₹1,150 cr investment from HDFC Capital. The investment is for 6.2 msf of new residential projects with a combined GDV of ₹17,100 cr. (Positive)

*SJVN:* Company unit incorporates joint venture with Assam Power Distribution Company (Positive)

*IndiGo:* Company places order for 30 Airbus A350 jets. (Positive)

*PSP Projects:* Compay approves allocation of 36 lakh shares to eligible qualified institutional buyers at Rs 670 apiece. (Positive)

*L&T Tech:* Company unveils strategic reorganization. (Positive)

*REC:* Company avails green loan of 60.5 billion Japanese Yen from Italian export credit agency SACE. (Positive)

*Sandur Manganese:* Company to acquire 80% stake in Arjas Steel Private at an enterprise value of Rs 3,000 crore. (Positive)

*Macrotech:* Company expects pre-sales to grow about 20% in the year to March after reporting its highest-ever quarterly revenue. (Positive)

*Tata Steel:* Company has agreed detailed terms with the UK Government on the proposed grant package to support the £1.25 billion investment (Positive)

*CRISIL:* Company’s unit gets SEBI license to commence the business of ESG Ratings Provider. (Positive)

*Indusind Bank:* NII at Rs 5376 crore versus poll of Rs 5472 crore, Net profit at Rs 2349 crore versus poll of Rs 2403 crore (Neutral)

*Vedanta Ltd:* Net profit down 27.4% at ₹2,273 cr vs ₹3,132 cr (YoY), Revenue down 6.4% at ₹35,509 cr vs ₹37,930 (YoY) (Neutral)

*Welspun Living:* Net profit up 16.4% at ₹146 cr vs ₹125.4 cr (YoY), Revenue up 19.6% at ₹2,575.2 cr vs ₹2,154 cr (YoY) (Neutral)

*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)

*Bajaj Fianance:* Net profit at ₹3,824.5 cr vs poll of ₹3,888.7 cr, Gross NPA at 0.85% vs 0.95% (QoQ) (Neutral)

*Happiest Minds:* Company to acquire Pure Software Technologies for Rs 779 crore. (Neutral)

*BHEL:* Company appoints Koppu Sadashiv Murthy as CFO. (Neutral)

*Tata Motors:* Company and Tata Motors DVR merger proposal voting commences on April 25 (Neutral)

*LIC:* Company board approves infusion of approximately Rs 14 crore in Life Insurance Corporation (Lanka) (Neutral)

*Zensar Tech:* Company CFO Sachin Zute resigns effective May 3 (Neutral)

*Adani Ent:* Company to consider Q4 Results and Dividend on 02nd May 2024. (Neutral)

*Coromandel International:* Arun Alagappan appointed as Executive Chairman of Company (Neutral)

*Glenmark Life:* Net profit down 33% at ₹98 cr vs ₹146.3 cr (YoY), Revenue down 13.6% at ₹536.5 cr vs ₹621.3 cr (YoY) (Negative)

*Tech Mahindra:* Net profit plunged almost 41% to ₹661 crore for Q4 FY24, the revenue dropped by 6.2% year-on-year to Rs 12,871 crore. (Negative)

*Schaeffler:* Company reported a 25.3% YoY fall in net profit at ₹219.7 crore, revenue increased 10.6% to ₹1,873.1 crore against ₹1,693.6 crore YoY (Negative)

Stocks Picker Articles

25 Apr 2024 04:55

*Fund Houses Recommendations*


UBS on *Godrej CP:* Maintain Buy on Company, raise target price at Rs 1450/sh (Positive)

MS on *Dalmia Bharat:* Maintain Overweight on Company, target price at Rs 2450/Sh (Positive)

Macquarie on *Axis Bank:* Maintain Outperform on Bank, target price at Rs 1300/sh (Positive)

Jefferies on *Axis Bank:* Maintain Buy on Bank, target price at Rs 1380/sh (Positive)

Nuvama on *Axis Bank:* Maintain Buy on Bank, target price at Rs 1270/sh (Positive)

CLSA on *Axis Bank:* Maintain Buy on Bank, target price at Rs 1310/sh (Positive)

MS on *Axis Bank:* Maintain Overweight on Bank, target price at Rs 1450/sh (Positive)

MS on *AU Bank:* Maintain Overweight on Bank, target price at Rs 850/sh (Positive)

MS on *Indian Hotels:* Maintain Overweight on Company, target price at Rs 529/sh (Positive)

Investec on *Indian Hotels:* Maintain Buy on Company, raise target price at Rs 626/sh (Positive)

MOSL on *Voltas:* Maintain Buy on Company, target price at Rs 1650/sh (Positive)

HSBC on *Nippon AMC:* Maintain Buy on Company, target price at Rs 665/sh (Positive)

Investec on *Auro Pharma:* Maintain Buy on Company, target price at Rs 1350/sh (Positive)

MS on *Macrotech:* Maintain Equal weight on Company, target price at Rs 1050/Sh (Neutral)

Jefferies on *Macrotech:* Maintain Buy on Company, target price at Rs 1380/Sh (Neutral)

GS on *HUL:* Maintain Neutral on Company, cut target price at Rs 2475/sh (Neutral)

Emkay on *HUL:* Maintain Add on Company, target price at Rs 2500/sh (Neutral)

JP Morgan on *IDFC First:* Initiate Neutral on Company, target price at Rs 75/sh (Neutral)

NOMURA on *AU Bank:* Maintain Neutral on Bank, target price at Rs 625/sh (Neutral)

NOMURA on *Zydus Life:* Maintain Buy on Company, target price at Rs 988/sh (Neutral)

HSBC on *LTIM:* Maintain Hold on Company, cut target price at Rs 5380/sh (Neutral)

MS on *LTIM:* Maintain Equal Weight on Company, target price at Rs 4600/sh (Neutral)

Bernstein on *Kotak Bank:* Maintain Market perform on Bank, target price at Rs 2100/sh (Neutral)

CLSA on *Kotak Bank:* Maintain Outperform on Bank, target price at Rs 2100/sh (Neutral)

Citi on *Kotak Bank:* Maintain Neutral on Bank, target price at Rs 2040/sh (Neutral)

Jefferies on *Kotak Bank:* Maintain Hold on Bank, cut target price at Rs 1970/sh (Negative)

Macquarie on *Kotak Bank:* Maintain Neutral on Bank, target price at Rs 1860/sh (Negative)

Citi on *LTIM:* Maintain Sell on Company, cut target price at Rs 4165/sh (Negative)

JP Morgan on *LTIM:* Maintain Neutral on Company, cut target price at Rs 4900/sh (Negative)

Jefferies on *LTIM:* Maintain Underperform on Company, cut target price at Rs 3960/sh (Negative)

Nomura on *LTIM:* Maintain Reduce on Company, cut target price at Rs 4170/sh (Negative)

Stocks Picker Articles

25 Apr 2024 04:54

*Stocks in News*

*ASK Auto motive:* Company in joint venture pact with Japan-based Aisin Group for selling auto components for cars. (Positive)

*Tejas Networks:* Company expects substantial benefits from PLI scheme over the next four years (Positive)

*Sterlite Technologies:* US-manufactured fiber optic cable products are compliant with Build America, Buy America (BABA) provisions of Infrastructure Investment& Jobs Act. (Positive)

*Axis Bank Q4:* Net profit at ₹7130 cr vs poll of ₹6215 cr, NII at ₹13089 cr vs poll of ₹12809 cr (Positive)

*Dalmia Bharat:* Net profit at ₹320 cr vs poll of ₹272 cr, Revenue at ₹4,307 cr vs poll of ₹4,125 cr. (Positive)

*PVR Inox:* Company launches advertising-free movie cinemas in select luxury properties. (Positive)

*RVNL:* Company declared lowest bidder for a southern railway project worth ₹239 Cr. (Positive)

*RITES:* Company signs MoU with DVC for Project Management Consultancy for rail infra works. (Positive)

*Suprajit Engineering:* Inauguration of new plant of Shanghai Lone Star Cable Co. Ltd. (Positive)

*NALCO:* KABIL signs MoU with CSIR-NGRI for geophysical investigations in critical & strategic minerals sector. (Positive)

*Hindustan Unilever:* Net profit at ₹2,406 cr vs poll of ₹2,438 cr, Net Revenues at ₹14,857 cr vs poll of ₹14,989 cr (Neutral)

*Syngene:* Net Profit up 5.5% at ₹188.6 cr vs ₹178.7 cr, Revenue down 7.8% At ₹916.9 Cr Vs ₹994.4 Cr (YoY) (Neutral)

*Indian Hotels Q4:* Net profit at ₹418 cr vs poll of ₹405 cr, Revenue at ₹1905 cr vs poll of ₹1869 cr (Neutral)

*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)

*Macrotech Developers Q4:* Net profit at ₹666 cr versus ₹744 cr, revenue at ₹4,019 cr versus ₹3,255 cr YoY (Neutral)

*Indian Bank:* FSIB recommends Asheesh Pandey for the position of MD & CEO in Indian Bank. (Neutral)

*State Bank:* Financial Services Institutions Bureau (FSIB) recommends Rana Ashutosh Kumar Singh for the position of MD in State Bank of India. (Neutral)

*Delta Corp:* Company incorporates joint venture Delta Penland Private as a wholly owned subsidiary. (Neutral)

*Jubilant Pharma:* U.S. FDA inspection at Radiopharmaceuticals manufacturing facility of Canada-based unit end with 5 observations. (Neutral)

*Reliance Industries:* Company acquires 100% stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV. (Neutral)

*ITC:* Company’s shareholders to meet on June 6 for hotels scheme of arrangement (Neutral)

*AU Small Finance Bank:* Net profit at ₹370.7 cr vs poll of ₹354.6 cr, Gross NPA at ₹1,237.4 cr vs ₹1,339.7 cr (QoQ) (Neutral)

*LTIM Q4:* Net profit at ₹1100 cr vs poll of ₹1130 cr, ₹ Revenue at ₹8,893 cr vs poll of ₹8,950 cr. (Neutral)

*Kotak Mahindra Bank:* Company barred by RBI from issuing new credit cards. (Negative)

*Vedanta:* company order of temporary suspension of mining operations in respect of The A. NARRAIN iron ore mine (Negative)

*Oracle Financial Q4:* PAT down 24% QoQ, revenue declines 10% (Negative)

Stocks Picker Articles

24 Apr 2024 05:07

*Forthcoming Event*

24th April: ANANTRAJ, AUBANK, CHENNPETRO, DALBHARAT, DBOL, EQUITASBNK, HINDUNILVR, LTIM, LODHA, MAHSCOOTER, NAM-INDIA, OFSS, SPLPETRO, SYNGENE, TATAINVEST, INDHOTEL to consider Dividend; Axis Bank, DCB Bank, MAS Financial Services to consider Dividend & Fund Raising; 5Paisa Capital, Satin Creditcare Network to consider Fund Raising

25th April: ACC, AVANTEL, BAJFINANCE, COROMANDEL, DRAGARWQ, EMBASSY, HSCL, INDUSINDBK, KIRLPNU, KPIGREEN, LTTS, LAURUSLABS, MPHASIS, NESTLEIND, OLECTRA, PRIMESECU, QUICKHEAL, SDBL, TANLA, TECHM, UTIAMC, WARDINMOBI, WENDT, ZENSARTECH to consider Dividend; Aavas Financiers, Paisalo Digital to consider Fund Raising; Bank of Maharashtra to consider Dividend & Fund Raising; Inox Wind to consider Bonus issue

26th April: ABSLAMC, ATUL, BAJAJFINSV, BAJAJHLDNG, EVEREADY, FORCEMOT, HCLTECH, LKPFIN, MAHLIFE, MARUTI, MASTEK, PAISALO, PONNIERODE, SHAKTIPUMP, SHREDIGCEM, SUPREMEIND, USHAMART, UTKARSHBNK, VSTIND to consider Dividend; Shriram Finance to consider Dividend & Fund Raising; KSB Ltd to consider Stock Split; Dipna Pharmachem to consider Bonus issue & Stock Split; Motilal Oswal Financial Services to consider Bonus issue; Ami Organics to consider Fund Raising

27th April: CRAFTSMAN, ICICIBANK, L&TFH, SESHAPAPER, SPORTKING to consider Dividend; ICICI Bank to consider Fund Raising

29th April: BSOFT, EMUDHRA, KFINTECH, KPITTECH, LGBBROSLTD, PNBGILTS, POONAWALLA, TATACHEM, TRENT, ULTRACEMCO to consider Dividend; PNB Housing Finance, Spandana Sphoorty Financial to consider Fund Raising; Can Fin Homes, IndoStar Capital Finance, UCO Bank to consider Dividend & Fund Raising

30th April: CYBERTECH, DENORA, EXIDEIND, IOC, MGEL, SONACOMS to consider Dividend; Worth Investment & Trading to consider Stock Split; Cholamandalam Investment and Finance to consider Dividend & Fund Raising

01st May: AMBUJACEM, ORIENTCEM to consider Dividend;

02nd May: BLUESTARCO, CEATLTD, COALINDIA, COFORGE, DABUR, INDPRUD to consider Dividend; Ugro Capital to consider Fund Raising; Privi Speciality Chemicals to consider Dividend & Fund Raising

03rd May: APTUS, CARBORUNIV, TATATECH to consider Dividend;

04th May: CDSL, KANSAINER, KOTAKBANK to consider Dividend; Rollatainers to consider Fund Raising

Stocks Picker Articles

24 Apr 2024 04:51

Stock in Action

Titan Company: Titan Company has reported decent 4QFY24 business update with standalone business revenues have grown 17% YoY. While the key jewellery business has maintained a steady growth momentum, the watches and eyecare business has lagged, leading to a marginally lower-than-expected growth, on an overall basis. Titan continues to gain market share in its major jewellery business. Strong new buyer addition and healthy network expansion are helping to maintain the strong performance. Jewellery hallmarking, which is being implemented pan-India, in a phased manner, requires certification of purity, which is leading to a shrinkage of price gap between organised and unorganised players. Apart from the domestic market, Titan is also ramping up the jewellery business in international markets, such as the US and the Gulf region. Titan’s strong brand recall among the Indian diaspora augurs well for its overseas plans. The jewellery business reported a strong 19% YoY growth in Q4FY24. The standalone business reported ~18% growth, while subsidiary Carat Lane posted a relatively higher growth of about 30%. The jewellery business continued to witness a healthy network expansion. The business opened 29 new stores in Q4FY24, reaching an overall count of 665. Positive on Titan Company given the strong growth in key jewellery and emerging categories business.

Hatsun Agro Product Ltd: Hatsun Agro reported strong growth for the 4th Quarter of FY24 as well for the full Financial Year-24 where all their business verticals performed well with their leading brands registering strong sales. Revenue from operations in Q4FY24 was Rs. 2046.87 Cr, up by 14.38% as compared to Q4FY23, and for FY 24 the revenue stood at Rs. 7990.40 Cr, up by 10.26%YoY led by strong sales recovery in the domestic market post Covid with good summer sales. Company's retail expansion in the last two years helped us reach customers in new markets like Maharashtra, Orissa, West Bengal and Madhya Pradesh and also supported existing strong bases in South India. EBIDTA for Q4 was Rs. 231.77 Cr up by 46.64% compared to the last year. PAT in for Q4 was at Rs. 52.16 Cr up by 108.76% YoY and for the Financial year it was Rs. 267.29, up by 61.15% YoY. Also, the Procurment of milk FY'24 registered a growth of 20.30%. Positive on Hatsun Agro Products given the strong 4QFY24 growth and also expansion into new markets.

Stocks Picker Articles

23 Apr 2024 05:32

*Corporate Actions*

*Dividend*

*23-Apr-24*
FORTISMLR: Interim Dividend - Rs. - 40.00
ASTERDM: Special Dividend - Rs. - 118.00
VUENOW: Interim Dividend - Rs. - 0.50

*24-Apr-24*
HUHTAMAKI: Dividend - Rs. - 5.00

*26-Apr-24*
ISEC: Interim Dividend - Rs. - 17.00

*30-Apr-24*
ELANTAS: Final Dividend - Rs. - 5.00

*IPO*
JNK India: Open: 23-Apr-24; Close: 25-Apr-24

*Buyback*
--

*Bonus*
Anup Engineering: Bonus Issue 1:1; Ex-Date: 23-Apr-24
Nidhi Granites: Bonus Issue 1:1; Ex-Date: 02-May-24

*Stock Split*
Bharat Bijlee: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Apr-24
Bhagiradha Chemicals: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-May-24

*Right Issue*
IIFL Finance: Ex-Date: 23-Apr-24
Sobhagya Merchantile: Ex-Date: 23-Apr-24
Banas Finance: Ex-Date: 26-Apr-24
Jyoti Structures: Open: 15-Apr-24; Close: 29-Apr-24
Shiva Cement: Open: 22-Apr-24; Close: 06-May-24
Aa Plus Tradelink: Open: 22-Apr-24; Close: 06-May-24
Scanpoint Geomatics: Open: 30-Apr-24; Close: 08-May-24
Til Ltd.: Open: 26-Apr-24; Close: 10-May-24
Sakuma Exports: Open: 25-Apr-24; Close: 13-May-24
IIFL Finance: Open: 30-Apr-24; Close: 14-May-24

Stocks Picker Articles

23 Apr 2024 04:49

Stock in Action

HDFC Bank: HDFC Bank's 4QFY24 performance was in line with the consensus estimates. The big positive in the quarter was the improvement in the CD ratio (credit-to-deposit ratio), thanks to the robust deposit growth and slower loan growth. While margins remained stable and asset quality as pristine as ever, the surprise was the massive creation of floating provisions to the tune of Rs 10,900 crore. In the absence of this voluntary provision, the profit growth would have been much higher in Q4FY24. But the bank chose to strengthen its balance sheet, instead of boosting profits through one-offs. HDFC Bank reported an NIM of 3.4% in Q4FY24, the same as in Q3FY24. Stable margins in Q4FY24 and lower branch additions show that the bank has chosen profitability over growth. HDFC Bank’s asset quality continues to be impeccable and the credit environment in the economy remains benign. The Bank’s GNPA, at 1.24%, has shown an improvement over the previous quarter. Positive on HDFC Bank given the stable 4QFY24 performance.

Bharti Airtel ltd.: Bharti Airtel is set to ride its best financial performance phase in over a decade driven by tariff hike, 2G upgradation, strong growth of enterprise and FTTH, and a fall in capex post the 5G rollout over the next three years. Bharti’s industry-leading current ARPU of Rs 208 is set to increase, driven by a tariff hike contributing, upgradation of 2G customers to 4G, and customer upgradation to a higher data plan and moving to postpaid. Company has guided for a capex of around Rs 750 billion over FY24–26, including the 5G rollout. Bharti’s stronghold in the African market continues and it remains the number 1 or 2 mobile service provider by customer market share in 13 out of the 14 markets it operates in. The company has grown its revenue over the past five years (FY18–23) at a CAGR of 16% while EBITDA has grown at 26% driven by subscribers and ARPU growth and margin expansion. With the Indian telecom market coming of age and the implementation of new technology being almost over, the next few years look very positive for Bharti’s financials. Positive on Bharti Airtel given its consistent financial and business performance over the periods.

Stocks Picker Articles

23 Apr 2024 04:48

*Stocks in News*


*Hatsun Agro:* Net Profit at ₹52.2 cr vs ₹25 cr (YoY) Revenue up 14.4% at ₹2,046.9 cr vs ₹1,789.5 cr (YoY) (Positive)

*Tamilnad Mercantile Bank:* Q4 earnings; Net profit unchanged at ₹253 cr (YoY), NII up 7.5% at ₹567 cr vs ₹527.3 cr (YoY) (Positive)

*Tejas Networks:* Revenue at Rs 1327 Crores Vs Rs 299 Crores, PAT at Rs 147 Crores Vs Loss of Rs 11.5 Crores (YoY) (Positive)

*Lloyds Engineering:* Company secures naval equipment orders worth over Rs 81 crore. (Positive)

*Sona BLW:* Company Precision Forgings commissions new plant in Mexico to meet demand for battery EVs. (Positive)

*KP Energy:* Company gets 9 MW wind power project order from Bhathwari Technologies (Positive)

*Patanjali Foods:* Company incorporates two wholly-owned subsidiaries Contemporary Agro and Rishikrishi Farming (Positive)

*Zomato:* Company hikes platform fee by 25% to Rs 5 (Positive)

*Paytm:* Company launches new Made-in-India Soundbox for UPI and Credit Card on UPI payments. (Positive)

*Indian Overseas Bank:* Company raise up to Rs 1,000 crore via debt, up to Rs 5,000 crore via equity. (Positive)

*HDFC Bank:* Mitsubishi UFJ Financial Group considering sweetening $1.7 billion offer for minority stake in HDFC Bank’s consumer lending unit (Positive)

*HAL:* Company signs agreement with NAL for manufacture of Bismaleimide Engine Bay Door for series production of Light Combat Aircraft Tejas Mk1A. (Positive)

*Redtape:* Commences online operational activity from it's new warehouse situated at Bhiwandi (Positive)

*HPL Elect:* Launches new producy- HPL Fans in SAARC Countries; Middle East and African Countries (Positive)

*Shriram Finance Ltd: * Company has increased interest rates on digital-only recurring deposits (RDs) by 35-40 basis points (Neutral)

*Vodafone Idea:* Company’s FPO Update, Total Subscription 6.3x, Retail 0.8x, QIBs 18x & NIIs 4x (Neutral)

*Sanghi Industry: * Company approves proposal for raising of funds of up to ₹2,200 cr. (Neutral)

*Union Bank of India:* Company classifies BGR Energy's account as NPA. (Neutral)

*Hero Motocorp:* Company’s Chief Technology Officer (CTO) Arun Jaura resigns w.e.f April 30 (Neutral)

*Patel Engineering:* Company plans to raise as much as Rs 400 crore through Qualified Institutional Placement. (Neutral)

*Rallis India:* Net Loss of ₹21 cr vs loss of ₹69 cr (YoY), Revenue down 16.6% at ₹436 cr vs ₹523 cr (YoY) (Neutral)

*Mahindra Logistics:* Company reports Q4 earnings, Net loss at ₹11.9 cr vs profit of ₹0.20 cr (YoY) (Neutral)

*RR Kabel:* Company approves termination of Dinesh Aggarwal as CEO. (Neutral)

*Ultra Tech Cement:* Company gets order from Karnataka GST authority for GST worth Rs 8 crore along with interest and penalty (Neutral)

*Reliance:* Net Profit seen at Rs 18,951 crore versus poll of Rs. 18,227 crore, Revenue seen at 236,000 crore versus poll of Rs. 234,000 crore (Neutral)

*IndusInd Bank:* Executes RBI’s programmable Central Bank Digital Currency pilot (Neutral)

*PSP Projects:* Company is planning to launch qualified institutional placement (QIP) to raise ₹244 crore, (Neutral)

*AB Capital:* Revenues Up 12.5% at Rs 114 Crores Vs Rs 101.3 Crores Margins at 17.9% vs 18.4% (Neutral)

*ABFRL:* Company needed to raise capital to fuel next phase of business growth, says ABFRL CFO Jagdish Bajaj. (Neutral)

*Wipro:* Company step-down unit Synchrony Global voluntarily dissolves. (Neutral)

*Mazdock:* Government may dilute stake to meet the minimum Public shareholdings norms by 9% in different Tranches (Negative)

*Kesoram:* Net loss at ₹244.4 cr vs loss of ₹26.1 cr (YoY), Revenue up 1.7% at ₹1,073.6 cr vs ₹1,055.4 cr (YoY) (Negative)

*Tanfac:* Revenues Down 11% at Rs 102.8 Crores Vs Rs 115.5 Crores, Profit Down 45% at Rs 12.7 Crores Vs Rs 23.3 Crores (Negative)

*M&M Fin:* Company defers board meet scheduled to be held today to consider Q4Results to a later date as a fraud was detected at one of co’s branches in the north east w.r.t retail vehicle loans (Negative)

Stocks Picker Articles

22 Apr 2024 05:15

Corporate Actions

Dividend

22-Apr-24
AEGISLOG: Interim Dividend - Rs. - 1.25

23-Apr-24
FORTISMLR: Interim Dividend - Rs. - 40.00
ASTERDM: Special Dividend - Rs. - 118.00
VUENOW: Interim Dividend - Rs. - 0.50

24-Apr-24
HUHTAMAKI: Dividend - Rs. - 5.00

26-Apr-24
ISEC: Interim Dividend - Rs. - 17.00

30-Apr-24
ELANTAS: Final Dividend - Rs. - 5.00

FPO
Vodafone Idea: Open: 18-Apr-24; Close: 22-Apr-24

IPO
JNK India: Open: 23-Apr-24; Close: 25-Apr-24

Buyback
Tips Industries: Ex-Date: 22-Apr-24

Bonus
Anup Engineering: Bonus Issue 1:1; Ex-Date: 23-Apr-24
Nidhi Granites: Bonus Issue 1:1; Ex-Date: 02-May-24

Stock Split
Bharat Bijlee: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Apr-24
Bhagiradha Chemicals: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-May-24

Right Issue
IIFL Finance: Ex-Date: 23-Apr-24
Sobhagya Merchantile: Ex-Date: 23-Apr-24
Banas Finance: Ex-Date: 26-Apr-24
Sawaca Business Machines: Open: 02-Apr-24; Close: 22-Apr-24
Spectrum Foods: Open: 08-Apr-24; Close: 22-Apr-24
Jyoti Structures: Open: 15-Apr-24; Close: 29-Apr-24
Shiva Cement: Open: 22-Apr-24; Close: 06-May-24
Aa Plus Tradelink: Open: 22-Apr-24; Close: 06-May-24
Scanpoint Geomatics: Open: 30-Apr-24; Close: 08-May-24
Til Ltd.: Open: 26-Apr-24; Close: 10-May-24
Sakuma Exports: Open: 25-Apr-24; Close: 13-May-24
IIFL Finance: Open: 30-Apr-24; Close: 14-May-24

Stocks Picker Articles

22 Apr 2024 04:47

*Stocks in News*


*HDFC AMC:* Net Profit up 43.8% at ₹541 cr vs ₹376.2 cr, Revenue up 28.5% at ₹695.4 cr vs ₹541 cr (YoY). (Positive)

*Amara Raja:* Company bags 700 MWP Solar Project from Greenko in Andhra Pradesh (Positive)

*IREDA:* Company reported a 33% jump in consolidated net profit at Rs 337 crore for Q4FY24. (Positive)

*India Cements:* Company sells its grinding unit at Parli to UltraTech Cement for Rs 315 crore (Positive)

*National Fertilizers:* Department of Public Enterprise has granted Navratna status to National Fertilizers. (Positive)

*Biocon:* Company gets approval from South Africa regulatory authorities for Tacromilus capsule. (Positive)

*Lupin:* Company gets USFDA nod to launch generic tablet to treat overactive bladder (Positive)

*Zydus Life:* Company launches Mirabegron extended-release tablets in the US (Positive)

*SJVN:* Company and Assam Power Distribution Company form joint venture to generate renewable electricity. (Positive)

*Lauras Labs:* U.S. FDA inspection at API manufacturing facilities at Andhra Pradesh closes without any 483 observations. (Positive)

*NTPC:* Company’s Unit NTPC Green Energy, In Pact with Indus Towers for Green Energy Objectives (Positive)

*Central Bank:* Bank has entered into a distributorship agreement with ABSLAMC for distribution of Mutual Fund Products (Positive)

*Star Cement:* Company commences commercial production from new clinker line of the company at Lumshnong, Meghalaya (Positive)

*JSW Energy:* Arm JSW Neo Energy gets letter of award for 700 MW ISTS connected solar capacity from NTPC (Positive)

*VST Ind:* Investor Radhakishan Damani Name Appears With 1.95% Stake in Co During Q4 (Positive)

*HeroMoto Corp:* Company opens new assembly plant in Nepal. (Positive)

*Sterling & Wilson:* Revenue growth of over 50% to ₹3,035 crore. Turns EBITDA positive with a ₹54 crore figure in financial year 2024. (Positive)

*HDFC Bank:* Net Profit at Rs 16512.0 crore versus poll Rs 17315.0 crore, NII at Rs 29077.0 crore versus poll Rs 28876.0 crore (Neutral)

*Gokaldas Exports:* Company launches Rs 600 crore QIP at Rs 775/share (Neutral)

*ICICI Bank:* Updates savings account service charges with a new fee structure effective from May 1, 2024. (Neutral)

*Aditya Birla Fashion:* Company approves Madura business demerger into separate listed entity. (Neutral)

*Adani Ports:* Company handled record 420 MT Cargo In FY24 (Neutral)

*Hindustan Zinc:* Company re-engaging with govt to get modified demerger proposals cleared: Arun Misra, Demerger will lead to two new entities- silver and zinc & lead. (Neutral)

*Wipro:* Revenue down 0.3% at ₹ 22,079.6 crore vs ₹22,151 crore (QoQ) (Neutral)

*Canara Bank:* Fixed May 15 as record date for determining shareholders' eligibility for stock split. (Neutral)

*Tata Steel:* NCLT approves Amalgamation of Angul Energy with company. (Neutral)

*HDFC Bank:* Approves renewal of issuance of long-term bonds worth Rs 60,000 crore. (Neutral)

*Oberoi Realty:* Company’s sales bookings down 53 pc to Rs 4,007 cr in FY24 on high base (Neutral)

*Persistent:* $ revenue up 3.4% at $310.9 m vs $300.6 m, ₹ revenue up 3.7% at ₹2,590.5 cr vs ₹2,498.2 cr (QoQ) (Neutral)

*InfoEdge:* Company re-appoints Geeta Mathur as independent Director of the company. (Neutral)

*SterliteTech:* Arbitrator rejects company’s claim worth Rs 145 crore against BSNL (Negative)

*Accelya Solutions:* Consolidated net profit declines 99.45% in the March 2024 quarter. (Negative)

Stocks Picker Articles

19 Apr 2024 04:58

Stock in Action

ICICI Lombard General Insurance Company: The company reported strong growth in Q4 and FY24. The Gross Direct Premium Income (GDPI) of the company stood at Rs. 247.76 billion for the FY'24, up by 17.8% compared to Rs 60.73 billion last year. This is higher than the industry growth of 12.8%. For Q4 GDPI stood at Rs. 60.73 billion, up by 22% as compared to Q4 last year. Combined ratio of the company stood at 103.3% for FY'24 as compared to 104.5% for the last fiscal year. Profit Before Tax grew by 21.0% to Rs 25.55 billion, and Profit after tax grew by 11.0% to Rs 19.19 billion in FY2024 as against Rs 17.29 billion in FY2023. During the quarter, the solvency ratio was 2.62x at March 31, 2024 as against 2.57x at December 31, 2023 and higher than the minimum regulatory requirement of 1.50x. Solvency ratio was 2.51x at March 31, 2023. Along with the strong financial performance recorded, the board of directors have also proposed a final dividend of Rs 6.00 per share for FY2024. Positive on ICICI Lombard given the strong performance in Q4FY24.

Angel One Limited: The company once again delivered record growth during the quarter reported in their recent Q4 business updates and has established itself as leading front tech company in this market. The company recorded a total income of Rs. 13,585 Million for Q4, up by 28% as compared to the last quarter. The EBDAT also grew by 31% to Rs. 4,755 Million for Q4 compared to the last quarter. And, the PAT stood at Rs. 3,400 Million, up by 31% compared on QoQ basis. The Company continue to deepen its root in untapped market as for Q4FY'24 the total client base stood at 22.2 Million, up by 14.3% QoQ and 61.5%YoY. Also the number of orders were at 471 Million for Q4 , up by 34.5% QoQ and 79.4% YoY. ADTV reached to Rs 44 trillion grew by 23% QoQ. Company anticipates robust growth going forward. Volumes in cash transaction continue to grow during the quarter. Company share stood at 23.1% in India’s incremental demat accounts in Q4FY24. Positive on Angel One given its strong 4QFY24 performance.

Stocks Picker Articles

19 Apr 2024 04:40

*Stocks in News*


*Bajaj Auto:* Net Profit at Rs 1936 crore versus poll of Rs 1807 crore, Revenues at Rs 11485 crore versus poll of Rs 10801 crore. (Positive)

*ICICI Sec:* Cons profit at ₹536.5 cr vs ₹262.7 cr, Cons revenue up 74.4% at ₹1,543.2 cr vs ₹884.8 cr (YoY). (Positive)

*Suzlon Energy:* Company gets interim stay from Gujarat High Court against nearly ₹261 crore penalty. (Positive)

*Rail Vikas:* Company inks MoU with Turkish Engineering firm for infra projects in India. (Positive)

*Gokaldas Exports:* Company opens QIP today, floor price at ₹789.99/sh. Seeks to raise up to ₹600 crore via QIP. (Positive)

*Oil upstream stocks:* Brent prices rise 3.85% in trade due to escalation (Positive)

*Mahindra Lifespace:* Company has received booking for more than 150 homes within just 2 days, valuing at Rs 350 crore. (Positive)

*HUDCO:* Department of Public Enterprises has granted the Navratna Status to HUDCO. (Positive)

*GMR Airports:* Company reported increased passenger traffic and handled the highest-ever cargo volumes in FY 24 (Positive)

*SJVN:* Company to carry out business in the field of power generation from all renewable energy sources (Positive)

*Vesuvius India:* Company inaugurated a new Mould Flux plant in Visakhapatnam to increase investment outlay to up to Rs 1,000 crore to strengthen manufacturing capabilities in India (Positive)

*HCC:* Company says CFO Rahul Rao resigns; appoints Girish Gangal as CFO. (Neutral)

*ITC:* Company’s arm ITC Infotech to acquire 100% share capital of Blazeclan Technologies for ₹485 crore. (Neutral)

*UNO Minda:* Company approves fund raise for Rs 100 cr via issue of NCDs. (Neutral)

*Network18:* Cons revenue up 63% at ₹2,419 crore vs ₹1,484 crore, EBITDA loss at ₹190 crore vs EBITDA of ₹57 crore (YoY) (Neutral)

*Tata Consumer:* Company acquires 8.3 crore shares representing 99.99% stake of Organic India from Fabindia (Neutral)

*Infosys:* Net Profit at Rs 7969 crore versus poll of Rs 6180 crore, Rupee Revenues at Rs 37923 crore versus poll of Rs 38640 crore (Negative)

Stocks Picker Articles

18 Apr 2024 05:21

Corporate Actions

IIFL Finance approved a rights issue in the ratio of one equity share for every nine equity shares at Rs 300 per share.

Dividend

18-Apr-24
STOVACQ: Final Dividend - Rs. - 17.00

19-Apr-24
GUJTLRM: Interim Dividend - Rs. - 1.00
SCHAEFFLER: Final Dividend - Rs. - 26.00

22-Apr-24
AEGISLOG: Interim Dividend - Rs. - 1.25

23-Apr-24
ASTERDM: Special Dividend- Rs. – 118.00
VUENOW: Interim Dividend - Rs. - 0.50
FORTISMLR: Interim Dividend

FPO
Vodafone Idea: Open: 18-Apr-24; Close: 22-Apr-24

Buyback
Tips Industries: Ex-Date: 22-Apr-24

Bonus
Naapbooks: Bonus Issue 2:1; Ex-Date: 19-Apr-24
Shukra Pharma: Bonus Issue 3:1; Ex-Date: 19-Apr-24
Anup Engineering: Bonus Issue 1:1; Ex-Date: 23-Apr-24

Stock Split
Suratwwala Business: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Apr-24
Pulsar International: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 19-Apr-24
Bharat Bijlee: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Apr-24

Right Issue
Ashapuri Gold Ornament: Ex-Date: 18-Apr-24
Sawaca Business Machines: Open: 02-Apr-24; Close: 22-Apr-24
Spectrum Foods: Open: 08-Apr-24; Close: 22-Apr-24
Jyoti Structures: Open: 15-Apr-24; Close: 29-Apr-24
Shiva Cement: Open: 22-Apr-24; Close: 06-May-24
Aa Plus Tradelink: Open: 22-Apr-24; Close: 06-May-24
Sakuma Exports: Open: 25-Apr-24; Close: 13-May-24

Stocks Picker Articles

18 Apr 2024 04:57

Stock in Action

Jio Financial Services: Jio Financial Services (JFS) in July 2023 Demerged from Reliance Industry Group and changed its name from Reliance Strategic Investments to Jio Financial Services. JFS is registered as a Non-Banking Financial Company and acts as a Holding company for various of its subsidiaries. The Company has signed an agreement to form a 50:50 Joint Venture with BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd, for the purpose of entering the Wealth Business. The company along with help of BlackRock which is the worlds largest asset manager, plans incorporation of a wealth management company and subsequent incorporation of a Brokerage Company in India. This JV also would strengthen relationship between both the companies as they are already in a Joint Venture(50:50) which was announced in July 2023 to transform India’s asset management industry through a digital-first offering and democratise access to investment solutions for investors in India. Positive on Jio Financial Services given the strategic partnership with BlackRock which would help Jio to grow in the domestic financial services market which has a good growth potential.

Aster DM Healthcare: Aster DM Healthcare looks to invest heavily in India as they believe that the Indian healthcare market looks promising. The company recently divested their Business in the Gulf region(GCC) and have realised around $907 million from it. After the divestment it plans to increase its footprints in India, their capital allocation for this expansionary plan is in the range of Rs.1000 crore. The company plans to add 1700 Beds by 2026-27, and have envisioned a target bed capacity of over 6,600 in the next three years. Along with the expansion plans for India, the company recently announced a special dividend of Rs. 118 per share, which has been approved by the companies' board. Positive on Aster DM Healthcare given its long term focus on India's healthcare market which has strong growth potential going ahead.

Stocks Picker Articles

16 Apr 2024 05:39

Forthcoming Event

16th April: CRISIL to consider Dividend; PC Jeweller, Satin Creditcare Network, Sobhagya Mercantile, Creditcare Network to consider Fund Raising

17th April: ICICIGI, TATACOMM to consider Dividend; Vantage Knowledge Academy to consider Stock Split & Fund Raising; IIFL Finance, Power Grid Corporation of India, Setco Automotive to consider Fund Raising

18th April: BAJAJ-AUTO, EIMCOELECO, INFY, MASTEK, RIIL, RSSOFTWARE, SWARAJENG to consider Dividend; Sharda Motor Industries to consider Buyback; Indo Thai Securities to consider Fund Raising

19th April: BENARAS, ELECON, HDFCAMC to consider Dividend; Davangere Sugar Company, Elecon Engineering Company to consider Stock Split; Premier Explosives to consider Stock Split & Fund Raising; Inertia Steel, Sonalis Consumer Products, Swagtam Trading & Services to consider Fund Raising

20th April: BEPL, HDFCBANK to consider Dividend; Vaswani Industries to consider Fund Raising

22nd April: EPIGRAL, PERSISTENT, RALLIS to consider Dividend; Rama Steel Tubes to consider Fund Raising

23rd April: MCX, NELCO, TATACONSUM, TATAELXSI to consider Dividend; Mahindra & Mahindra Financial Services to consider Dividend & Fund Raising

24th April: ANANTRAJ, DALBHARAT, EQUITASBNK, LTIM, MAHSCOOTER, NAM-INDIA, SYNGENE, TATAINVEST to consider Dividend

25th April: BAJFINANCE, EMBASSY, LTTS, MPHASIS, NESTLEIND, SDBL, TECHM, UTIAMC, ZENSARTECH to consider Dividend; Aavas Financiers to consider Fund Raising

26th April: ATUL, BAJAJFINSV, BAJAJHLDNG, HCLTECH, MAHLIFE, MARUTI, PAISALO, PONNIERODE, SHREDIGCEM to consider Dividend; Shriram Finance to consider Dividend & Fund Raising; KSB Ltd to consider Stock Split; Dipna Pharmachem to consider Bonus issue & Stock Split

27th April: CRAFTSMAN, ICICIBANK, L&TFH, SESHAPAPER to consider Dividend

29th April: KFINTECH, KPITTECH, LGBBROSLTD, POONAWALLA, ULTRACEMCO to consider Dividend

30th April: EXIDEIND, IOC to consider Dividend

Stocks Picker Articles

25 Apr 2024 04:55

Bulk Deal & Insider Trade Update

Bulk Deals
*Delhivery Limited : Canada Pension Plan Investment Board Sell 20450000 Shares @ Rs. 444.3
*Delhivery Limited : Smaller Cap World Fund Inc (35 Scwf/000035) Buy 13819289 Shares @ Rs. 444.3
*Anzen Ind Ene Yld Plu Tru : Larsen & Toubro Limited Sell 1600000 Shares @ Rs. 101.8
*Signoria Creation Limited : Meru Investment Fund Pcc-Cell 1 Sell 36000 Shares @ Rs. 160
*Epbio : Nav Capital Vcc - Nav Capital Emerging Star Fund Sell 15000 Shares @ Rs. 140.28
*Epbio : Nav Capital Vcc - Nav Capital Emerging Star Fund Sell 9500 Shares @ Rs. 145

Insider Trade
*Acquisition*
* Rajesh Jejurikar Director Acquisition 15721 shares of Mahindra & Mahindra Ltd. on 24-Apr-24
* VACHI COMMERCIAL LLP Promoter Group Acquisition 700000 shares of Continental Securities Ltd on 23-Apr-24
* Shailesh Chaturvedi Director Acquisition 87500 shares of Arvind Fashions Ltd on 24-Apr-24

*Disposal*
* Param Kamlesh Kapadia Promoter Group Disposal 32680 shares of Sterling Powergensys Limited on 23-Apr-24

Dividend Update
---

*Result Today*
Bajaj Finance Ltd.
Nestle India Ltd.
Tech Mahindra Ltd.
IndusInd Bank Ltd.
Vedanta Ltd.
L&T Technology Services Ltd.
Schaeffler India Ltd.
ACC Ltd.
Mphasis Ltd.
Coromandel International Ltd.
Cyient Ltd.
Laurus Labs Ltd.
Himadri Speciality Chemical Ltd.
Jai Balaji Industries Ltd.
Tata Teleservices (Maharashtra) Ltd.
Olectra Greentech Ltd.
Welspun Living Ltd.
Zensar Technologies Ltd.
Aavas Financiers Ltd.
Tanla Platforms Ltd.
UTI Asset Management Company Ltd.
Glenmark Life Sciences Ltd.
KPI Green Energy Ltd.
Kirloskar Pneumatic Company Ltd.
Avantel Ltd.
Quick Heal Technologies Ltd.
Som Distilleries Breweries & Wineries Ltd.
Wendt (India) Ltd.
Wardwizard Innovations & Mobility Ltd.
Dr Agarwals Eye Hospital Ltd.
Shiva Cement Ltd.
BEML Land Assets Ltd.
Enkei Wheels (India) Ltd.
Prime Securities Ltd.
GG Engineering Ltd.
Parshva Enterprises Ltd.

Stocks Picker Articles

25 Apr 2024 04:54

Stock in Action

Nippon Life India Asset Management Ltd: The Company has recorded strong growth in their financials by registering their highest ever annual operating profit at Rs. 9.58 Billion, up by 26% YoY and highest ever profit after tax at Rs. 11.7 Billion for the Financial Year 2024. The company also maintained its Industry Ranking at 4th Position. The total asset under management as on 31st March 2024 stood at Rs. 5.24 Trillion. The average Asset Under Management for Q4FY'24 was recorded at Rs. 4.31 Trillion, up by 47% YoY and 14% QoQ. The company also recorded the Highest market share of Quarterly Average Asset Under Management(QAAUM) among all Asset Management Companies. It also has the largest base of Investors in the Industry with overall unique investors at 16.5 million, which is a market share of 37%. The total Income was recorded at Rs. 5.61 Billion for Q4FY'24 up by 5% QoQ and 44.32% compared to Q4 last year. Operating Profit stood at Rs. 2.82 Billion for Q4FY'24 up by 12.35% QoQ, an the Profit After Tax stood at Rs. 3.43 Billion, up by 20.7% QoQ. Positive on Nippon Life India Asset Management given the strong 4QFY24 performance and gaining the largest base of investors in the industry.

Axis Bank Limited: Axis Bank 4QFY24 numbers came ahead of consensus estimates. The Banks Net Interest Income was recorded at Rs. 13,089 Cr for Q4FY24, up by 4.4% QoQ and 11.5% compared with Q4FY23. And for the FY24 the Net Interest Income was Rs. 4,9894.48 Cr, up by 28.4% YoY. Net Interest Margin at 4.07% up 5 bps YOY. The Net Profit of the Bank for Q4FY'24 and FY'24 stood at Rs. 7129.67 Cr, up by 224.3%YoY and Rs. 24861.43 Cr, up by 159.5% YoY respectively. GNPA stood at 1.43% declined by 59 bps YOY and 15 bps QOQ, whereas NNPA was at 0.31%declined by 8 bps YOY and 5 bps QOQ. The CASA Ratio also grew by 8% bringing it up to 43%. Positive on Axis Bank given the strong financial performance which surpassed the market expectations.

Stocks Picker Articles

24 Apr 2024 05:07

*Corporate Actions*

*Dividend*

*24-Apr-24*
HUHTAMAKI: Dividend - Rs. - 5.00

*26-Apr-24*
ISEC: Interim Dividend - Rs. - 17.00

*30-Apr-24*
ELANTAS: Final Dividend - Rs. - 5.00

*IPO*
JNK India: Open: 23-Apr-24; Close: 25-Apr-24

*Buyback*
--

*Bonus*
Nidhi Granites: Bonus Issue 1:1; Ex-Date: 02-May-24

*Stock Split*
Bharat Bijlee: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Apr-24
Bhagiradha Chemicals: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-May-24

*Right Issue*
Banas Finance: Ex-Date: 26-Apr-24
Jyoti Structures: Open: 15-Apr-24; Close: 29-Apr-24
Shiva Cement: Open: 22-Apr-24; Close: 06-May-24
Aa Plus Tradelink: Open: 22-Apr-24; Close: 06-May-24
Scanpoint Geomatics: Open: 30-Apr-24; Close: 08-May-24
Til Ltd.: Open: 26-Apr-24; Close: 10-May-24
Sakuma Exports: Open: 25-Apr-24; Close: 13-May-24
IIFL Finance: Open: 30-Apr-24; Close: 14-May-24

Stocks Picker Articles

24 Apr 2024 05:06

*Fund Houses Recommendations*


Citi on *Bharti Airtel:* Maintain Buy on Company, raise target price at Rs 1520/sh (Positive)

Investec on *Cipla:* Maintain Buy on Company, target price at Rs 1550/sh (Positive)

B&K on *Thmas Cook:* Initiate Buy on Company, target price at Rs 250/sh (Positive)

MS on *Tata Cons:* Maintain Overweight on Company, target price at Rs 1305/sh (Positive)

Nuvama on *Tata Cons:* Maintain Buy on Company, target price at Rs 1400/sh (Positive)

MOSL on *Cyient DLM:* Maintain Buy on Company, target price at Rs 840/Sh (Positive)

Nomura on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3450/Sh (Positive)

Citi on *Nestle:* Maintain Buy on Company, target price at Rs 2900/sh (Positive)

Jefferies on *360 One:* Maintain Buy on Company, target price at Rs 930/sh (Positive)

CLSA on Metals: Middle Eastern conflict, macro environment to drive commodities. *Hindalco and Vedanta* are top picks (Positive)

Jefferies on *ICICI Pru:* Maintain Buy on Company, target price at Rs 680/sh (Neutral)

Nuvama on *ICICI Pru:* Maintain Hold on Company, target price at Rs 590/sh (Neutral)

Macquarie on *ICICI Pru:* Maintain Neutral on Company, target price at Rs 540/sh (Neutral)

Citi on *ICICI Pru:* Maintain Neutral on Company, target price at Rs 645/sh (Neutral)

GS on *Tata Consumer:* Maintain Neutral on Company, target price at Rs 1030/sh (Neutral)

CLSA on *Tata Consumer:* Maintain Underperform on Company, target price at Rs 1288/sh (Neutral)

JP Morgan on *Tata Consumer:* Maintain Neutral on Company, target price at Rs 1100/sh (Neutral)

MS on *MCX:* Maintain Underweight on Company, target price at Rs 2085/sh (Neutral)

MS on *Tata Elxsi:* Maintain Underweight on Company, target price at Rs 6880/sh (Neutral)

JP Morgan on *Tata Elxsi:* Maintain Underweight on Company, target price at Rs 5800/sh (Neutral)

MS on *SBI Cards:* Maintain Equal weight on Company, target price at Rs 750/sh (Neutral)

BofA on *M&M Fin:* Maintain Buy on Company, target price at Rs 300/sh (Neutral)

MS on *ICICI Pru:* Downgrade to Equal weight on Company, cut target price at Rs 610/sh from Rs 660/sh (Negative)

Nomura on *ICICI Pru:* Downgrade to Neutral on Company, cut target price at Rs 600/sh (Negative)

UBS on *GSPL:* Downgrade to Sell on Company, cut target price at Rs 280/sh (Negative)

Stocks Picker Articles

24 Apr 2024 04:51

*Stocks in News*

*Natco Pharma:* Company gets establishment inspection report from U.S. FDA. (Positive)

*Lupin:* Gets Establishment Inspection Report (EIR) from US FDA For its Aurangabad manufacturing facility (Positive)

*Reliance Industries:* Company wins government approval for making additional investments in developing gas reserves in its KG-D6 block in the Bay of Bengal. (Positive)

*Vikas Life:* Company’s agro products division received fresh order for premium nuts valued 110m rupees (Positive)

*Zydus Life sciences:* Company gets China nod for its oral drug Desidustat, used in treating anaemia in chronic kidney disease patients. (Positive)

*Puravankara:* Company gets bid to redevelop residential project in Mumbai (Positive)

*NHPC:* Company in pact with JV partners of National High Power Test Laboratory for sale of partial stake to Power Grid. (Positive)

*Power Grid:* Company to hold 50% stake in crisis-hit National High Power Test Laboratory after inking a pact to infuse funds. (Positive)

*NBCC:* Company secures projects worth Rs 23,500 crore in last fiscal year. (Positive)

*RPP Infra Projects:* Company gets new orders worth Rs 413 crore. (Positive)

*Tata Consumer:* Net Profit at ₹267.7 crore vs poll of ₹315 crore, Revenue at ₹3,926.9 crore vs poll of ₹3,991 crore. (Positive)

*MCX:* Net profit at ₹88 cr vs net loss ₹5 cr (QoQ) Revenue down 5% at ₹181 cr vs ₹192 cr (QoQ) (Positive)

*Adroit Infotech:* Company in non-binding agreement to acquire 100% stake of US-based ERP solutions company (Positive)

*Rama Steel:* Board approves raising funds up to ₹500 crore via share issue (Neutral)

*Cyient DLM:* Net Profit up 80.2% At ₹22.7 Cr Vs ₹12.6 Cr, Revenue up 30.4% At ₹361.8 Cr Vs ₹277.4 Cr (Neutral)

*NELCO:* Net Profit up 7% at ₹6.1 cr vs ₹5.7 cr, Revenue down 0.5% at ₹81.6 cr vs ₹82 cr (YoY) (Neutral)

*CRAFTSMAN:*Company’s board meeting on April 27 to consider proposal for raising of funds (Neutral)

*Century Plyboards:* Company completes disposal and transfer of entire stake in Singapore-based unit CSPL. (Neutral)

*Gokaldas Exports:* Company approves QIP issue price of Rs 775/share. (Neutral)

*Dr Reddy's:* Company voluntarily recalls six lots of Sapropterin Dihydrochloride Powder for Oral Solution. (Neutral)

*Indigo:* Company and CP Gurnani launch AI business venture AIonOS. (Neutral)

*IIFL Finance:* The special audit directed by the Reserve Bank of India has commenced on April 23. (Neutral)

*PSP Projects:* Company is planning to launch qualified institutional placement (QIP) to raise ₹244 crore, (Neutral)

*M&M Financial:* Company approves raising borrowing limit to ₹1.3 lk cr (Neutral)

*Paytm:* Company completes merchant migration to new UPI IDs. (Neutral)

*Ambuja Cement:* Company completes acquisition of 1.5 MTPA grinding unit at Tamil Nadu. (Neutral)

*ICICI Pru:* APE up 9.5 % at ₹3,615 cr vs ₹3,300 cr, Value of new business down 26.5% at ₹776 cr vs ₹1,055 cr (YoY) (Negative)

*Tata Elxsi:* Company reports Q4 earnings, Net Profit down 4.6% at ₹196.9 cr vs ₹206.4 cr (QoQ), Revenue down 1% at ₹905.9 cr vs ₹914.2 cr (QoQ) (Negative)

Stocks Picker Articles

23 Apr 2024 05:32

*Forthcoming Event*

23rd April: 360ONE, AXITA, ICICIPRULI, LKPSEC, MCX, NELCO, TATACONSUM, TATAELXSI to consider Dividend; Mahindra & Mahindra Financial Services to consider Dividend & Fund Raising; Choice International, Sadbhav Engineering, Tilak Ventures to consider Fund Raising

24th April: ANANTRAJ, AUBANK, CHENNPETRO, DALBHARAT, DBOL, EQUITASBNK, HINDUNILVR, LTIM, LODHA, MAHSCOOTER, NAM-INDIA, OFSS, SPLPETRO, SYNGENE, TATAINVEST, INDHOTEL to consider Dividend; Axis Bank, DCB Bank, MAS Financial Services to consider Dividend & Fund Raising; 5Paisa Capital, Satin Creditcare Network to consider Fund Raising

25th April: ACC, AVANTEL, BAJFINANCE, COROMANDEL, DRAGARWQ, EMBASSY, HSCL, INDUSINDBK, KIRLPNU, KPIGREEN, LTTS, LAURUSLABS, MPHASIS, NESTLEIND, OLECTRA, PRIMESECU, QUICKHEAL, SDBL, TANLA, TECHM, UTIAMC, WARDINMOBI, WENDT, ZENSARTECH to consider Dividend; Aavas Financiers, Paisalo Digital to consider Fund Raising; Bank of Maharashtra to consider Dividend & Fund Raising; Inox Wind to consider Bonus issue

26th April: ABSLAMC, ATUL, BAJAJFINSV, BAJAJHLDNG, EVEREADY,FORCEMOT, HCLTECH, LKPFIN, MAHLIFE, MARUTI, MASTEK, PAISALO, PONNIERODE, SHAKTIPUMP, SHREDIGCEM, SUPREMEIND, USHAMART, UTKARSHBNK, VSTIND to consider Dividend; Shriram Finance to consider Dividend & Fund Raising; KSB Ltd to consider Stock Split; Dipna Pharmachem to consider Bonus issue & Stock Split; Motilal Oswal Financial Services to consider Bonus issue

27th April: CRAFTSMAN, ICICIBANK, L&TFH, SESHAPAPER, SPORTKING to consider Dividend; ICICI Bank to consider Fund Raising

29th April: BSOFT, EMUDHRA, KFINTECH, KPITTECH, LGBBROSLTD, PNBGILTS, POONAWALLA, TATACHEM, TRENT, ULTRACEMCO to consider Dividend; PNB Housing Finance, Spandana Sphoorty Financial to consider Fund Raising; Can Fin Homes, IndoStar Capital Finance to consider Dividend & Fund Raising

30th April: CYBERTECH, DENORA, EXIDEIND, IOC, MGEL, SONACOMS to consider Dividend; Worth Investment & Trading to consider Stock Split

01st May: AMBUJACEM, ORIENTCEM to consider Dividend;

02nd May: BLUESTARCO, CEATLTD, COALINDIA, COFORGE, DABUR, INDPRUD to consider Dividend; Ugro Capital to consider Fund Raising; Privi Speciality Chemicals to consider Dividend & Fund Raising

03rd May: APTUS, CARBORUNIV, TATATECH to consider Dividend;

04th May: CDSL, KANSAINER, KOTAKBANK to consider Dividend; Rollatainers to consider Fund Raising

Stocks Picker Articles

23 Apr 2024 04:48

*Fund Houses Recommendations*


Nuvama on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3500/sh (Positive)

Jefferies on *Reliance Ind:* Maintain Buy on Company, raise target price at Rs 3380/sh (Positive)

UBS on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3420/sh (Positive)

Investec on *Entero Health:* Initiate Buy on Company, target price at Rs 1590/Sh (Positive)

Investec on *Natco Pharma:* Maintain Buy on Company, raise target price at Rs 1200/Sh (Positive)

Jefferies on *Honasa Consumer:* Maintain Buy on Company, target price at Rs 590/Sh (Positive)

CLSA on *Indus Towers:* Upgrade to Buy on Company, target price at Rs 450/sh (Positive)

MS on *GAIL:* Maintain Overweight on Company, target price at Rs 254/sh (Positive)

Jefferies on *Reliance Ind:* Maintain Buy on Company, raise target price at Rs 3380/sh (Positive)

Jefferies on *Capital Goods:* L&T, NTPC, Bharat Electronics, Siemens, Thermax, JSW Energy, Data Patterns and KEI saw high interest (Positive)

Bernstein on *Reliance Ind:* Maintain Outperform on Company, target price at Rs 3160/sh (Neutral)

MOSL on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3245/sh (Neutral)

CLSA on *Reliance Ind:* Downgrade to Outperform on Company, raise target price at Rs 3300/sh (Neutral)

Macquarie on *Reliance Ind:* Maintain Neutral on Company, target price at Rs 2660/sh (Neutral)

MS on *Reliance Ind:* Maintain Overweight on Company, target price at Rs 3046/sh (Neutral)

UBS on *BAJAJ Fin:* Maintain Sell on Company, target price at Rs 6800/sh (Neutral)

MS on *SBI Cards:* Maintain Equal weight on Company, target price at Rs 750/sh (Neutral)

JP Morgan on *Persistent:* Maintain Overweight on Company, target price at Rs 4300/sh (Neutral)

Kotak on *Persistent:* Maintain Reduce on Company, target price at Rs 3450/sh (Neutral)

Nomura on *Persistent:* Maintain Neutral on Company, cut target price at Rs 3400/sh from Rs 3800/sh (Negative)

Stocks Picker Articles

22 Apr 2024 05:15

Forthcoming Event

22nd April: EPIGRAL, KPEL, MAFIA, MAHLOG, PERSISTENT, RAJRATAN, RALLIS, RELIANCE, TMB, TANFACIND to consider Dividend; Rama Steel Tubes, Billwin Industries, Colorchips New Media, Indian Overseas Bank, Magnum Ventures, Rama Steel Tubes, Sanghi Industries, TruCap Finance to consider Fund Raising

23rd April: 360ONE, AXITA, ICICIPRULI, LKPSEC, MCX, NELCO, TATACONSUM, TATAELXSI to consider Dividend; Mahindra & Mahindra Financial Services to consider Dividend & Fund Raising; Choice International, Sadbhav Engineering, Tilak Ventures to consider Fund Raising

24th April: ANANTRAJ, AUBANK, CHENNPETRO, DALBHARAT, DBOL, EQUITASBNK, HINDUNILVR, LTIM, LODHA, MAHSCOOTER, NAM-INDIA, OFSS, SPLPETRO, SYNGENE, TATAINVEST, INDHOTEL to consider Dividend; Axis Bank, DCB Bank, MAS Financial Services to consider Dividend & Fund Raising; 5Paisa Capital, Satin Creditcare Network to consider Fund Raising

25th April: ACC, AVANTEL, BAJFINANCE, COROMANDEL, DRAGARWQ, EMBASSY, HSCL, INDUSINDBK, KIRLPNU, KPIGREEN, LTTS, LAURUSLABS, MPHASIS, NESTLEIND, OLECTRA, PRIMESECU, QUICKHEAL, SDBL, TANLA, TECHM, UTIAMC, WARDINMOBI, WENDT, ZENSARTECH to consider Dividend; Aavas Financiers, Paisalo Digital to consider Fund Raising; Bank of Maharashtra to consider Dividend & Fund Raising

26th April: ABSLAMC, ATUL, BAJAJFINSV, BAJAJHLDNG, EVEREADY,FORCEMOT, HCLTECH, LKPFIN, MAHLIFE, MARUTI, MASTEK, PAISALO, PONNIERODE, SHAKTIPUMP, SHREDIGCEM, SUPREMEIND, USHAMART, UTKARSHBNK, VSTIND to consider Dividend; Shriram Finance to consider Dividend & Fund Raising; KSB Ltd to consider Stock Split; Dipna Pharmachem to consider Bonus issue & Stock Split; Motilal Oswal Financial Services to consider Bonus issue

27th April: CRAFTSMAN, ICICIBANK, L&TFH, SESHAPAPER, SPORTKING to consider Dividend; ICICI Bank to consider Fund Raising

29th April: BSOFT, EMUDHRA, KFINTECH, KPITTECH, LGBBROSLTD, PNBGILTS, POONAWALLA, TATACHEM, TRENT, ULTRACEMCO to consider Dividend; PNB Housing Finance, Spandana Sphoorty Financial to consider Fund Raising; Can Fin Homes, IndoStar Capital Finance to consider Dividend & Fund Raising

30th April: CYBERTECH, DENORA, EXIDEIND, IOC, MGEL, SONACOMS to consider Dividend; Worth Investment & Trading to consider Stock Split

01st May: AMBUJACEM, ORIENTCEM to consider Dividend;

02nd May: BLUESTARCO, CEATLTD, COALINDIA, COFORGE, DABUR, INDPRUD to consider Dividend; Ugro Capital to consider Fund Raising

03rd May: APTUS, CARBORUNIV, TATATECH to consider Dividend;

04th May: CDSL, KANSAINER, KOTAKBANK to consider Dividend; Rollatainers to consider Fund Raising

Stocks Picker Articles

22 Apr 2024 05:04

Stock in Action

ICICI Securities Ltd: ICICI Securities has recorded revenue growth across business segments and have gained market share in most revenue generating parameters. The Total Assets as of 31st March stood at Rs. 7 Trillion, which is a growth of 19% YoY and 1% QoQ. The wealth assets with the company stands at Rs. 4.1 Trillion, up by 28% YoY. For the Q4FY'24, equity revenue grew by 140% YoY, contributing 27% of total revenue, and derivative revenue grew by 25% YoY, contributes 11% of total revenue. For the FY'24, total revenue for the company stood at Rs. 5,049.8 crore, which is a growth of 47.5% compared to the last Fiscal Year. Profit after Tax stood at Rs. 1,694.2 crore, which is a growth of 52.41% compared to last Year. Also, the Net Profit margin was 33.6%. Positive on ICICI Securities given the strong 4QFY24 performance across the business segments.

Bajaj Auto ltd: FY24 stood a record year for Bajaj Autos, their revenue clocked an all-time high at Rs. 44,685 crores, up 23% YoY, which happened due to record sales of both vehicles and spares. They also registered their highest EBIDTA at Rs. 8,825 crore, up by 35% YoY. PAT also being at an all time high of Rs. 7,479 crore, up by 33% YoY. Domestic business achieved its largest revenue, on sustained momentum that led to double digit growth for 8 quarters continuously. Commercial Vehicles recorded historic high volume, up by more than 50% YoY. Sales volume of Chetak grew 3 times making it 3rd biggest player in the market. Their Total volume grew by 11% as compared to the last Fiscal Year. Positive on Bajaj Auto given the strong 4QFY24 performance which came above the consensus estimates.

Stocks Picker Articles

19 Apr 2024 05:11

*Fund Houses Recommendations*


MS on *SAMIL:* Maintain Overweight on Company, target price at Rs 133/sh (Positive)

MS on *HDFC Life:* Maintain Overweight on Company, target price at Rs 745/sh (Positive)

JP Morgan on *Bajaj Auto:* Maintain Overweight on Company, raise target price at Rs 10000/sh (Positive)

Jefferies on *Bajaj Auto:* Maintain Buy on Company, target price at Rs 10500/sh (Positive)

HSBC on *Apollo Hospitals:* Maintain Buy on Company, raise target price at Rs 7475/sh (Positive)

Jefferies on *NBFCs:* Housing loan disbursement to improve (Positive)

Citi on *TVS Motors:* Maintain Sell on Company, raise target price at Rs 1450/sh (Neutral)

Jefferies on *Axis Bank:* Maintain Buy on Company, target price at Rs 1380/Sh (Neutral)

MOSL on *Bajaj Auto:* Maintain Neutral on Company, target price at Rs 8360/sh (Neutral)

Macquarie on *Bajaj Auto:* Maintain Neutral on Company, target price at Rs 8405/sh (Neutral)

Citi on *Bajaj Auto:* Maintain Sell on Company, raise target price at Rs 6500/sh (Neutral)

Jefferies on *HDFC Life:* Maintain Buy on Company, cut target price at Rs 750/sh (Neutral)

Citi on *HDFC Life:* Maintain Buy on Company, cut target price at Rs 710/sh (Neutral)

Macquarie on *HDFC Life:* Neutral Buy on Company, target price at Rs 635/sh (Neutral)

Nomura on *HDFC Life:* Maintain Buy on Company, cut target price at Rs 680/sh (Neutral)

GS on *HDFC Life:* Maintain Buy on Company, cut target price at Rs 710/sh (Neutral)

MOSL on *Infosys:* Maintain Buy on Company, target price at Rs 1650/sh (Neutral)

JP Morgan on *Infosys:* Maintain Overweight on Company, cut target price at Rs 1700/sh from Rs 1800/sh (Neutral)

Jefferies on *Infosys:* Maintain Buy on Company, cut target price at Rs 1630/sh from Rs 1740/sh (Neutral)

UBS on *Infosys:* Maintain Buy on Company, cut target price at Rs 1700/sh from Rs 1800/sh (Neutral)

Investec on *Infosys:* Maintain Hold on Company, cut target price at Rs 1540/sh from Rs 1640/sh (Negative)

CLSA on *Infosys:* Maintain Outperform on Company, cut target price at Rs 1550/sh from Rs 1660/sh (Negative)

Nomura on *Infosys:* Maintain Neutral on Company, cut target price at Rs 1400/Sh (Negative)

Macquarie on *Infosys:* Maintain Underperform on Company, cut target price at Rs 1160/Sh (Negative)

Stocks Picker Articles

19 Apr 2024 04:54

Bulk Deal & Insider Trade Update

Bulk Deals
*Gmr Pow And Urban Infra L : Varanium India Opportunity Ltd Sell 3450487 Shares @ Rs. 54.97
*Maxposure Limited : Eminence Global Fund Pcc- Eubilia Capital Partners Fund I Sell 152000 Shares @ Rs. 86.48
*Arnold : Resonance Opportunities Fund Buy 250000 Shares @ Rs. 43.86

Insider Trade
*Acquisition*
* Promoter Group Acquisition 2000000 shares of Hb Estate Developers Ltd.
* Promoter Acquisition 4000000 shares of Worth Investment & Trading Co Ltd

*Disposal*
* Vrindaa Advanced Materials Limited Promoter Disposal 10000000 shares of Teamo Productions Hq Ltd on 18-Apr-24

*Revoke*
* SHREE KISHORIJU TRADING AND INVESTMENT PRIVATE LIMITED Promoter Revoke 87700 shares of Mangalam Drugs & Organics Ltd. on 11-Apr-24

Dividend Update
*Gujarat Toolroom Ltd. Interim Dividend Rs. 1 Ex Date 19-Apr-2024
*Schaeffler India Ltd. Final Dividend Rs. 26 Ex Date 19-Apr-2024

*Result Today*
Wipro Ltd.
JIO Financial Services Ltd.
Hindustan Zinc Ltd.
HDFC Asset Management Company Ltd.
Elecon Engineering Company Ltd.
KP Green Engineering Ltd.
Benares Hotels Ltd.
VL E-Governance & IT Solutions Ltd.
Rajnish Wellness Ltd.
Amal Ltd.
Sejal Glass Ltd.
Rajnish Retail Ltd.

Stocks Picker Articles

18 Apr 2024 05:21

Stock in news

Infosys announced a collaboration with Proximus, Belgium’s leading digital services and communications solutions provider

Infosys announced a collaboration with Proximus, Belgium’s leading digital services and communications solutions provider, on the ServiceNow platform. Infosys helped Proximus standardize its existing processes on the ServiceNow platform and transform its customer service management (CSM) operations.

Biocon has signed an exclusive licensing and supply agreement with Biomm SA

Biocon has signed an exclusive licensing and supply agreement with Biomm SA, a specialty pharmaceutical company in Brazil, for the commercialisation of its vertically integrated drug product, Semaglutide (gOzempic). The drug is used to improve glycemic control in adults with type 2 diabetes.

Power Grid has been declared the successful bidder to establish an inter-state transmission system for the evacuation of power from Rajasthan REZ Phase IV

Power Grid has been declared the successful bidder to establish an inter-state transmission system for the evacuation of power from Rajasthan REZ Phase IV, from a potential renewable energy zone in the Khavda area of Gujarat under Phase IV, and from Rajasthan REZ Phase IV. These projects are on BOOT basis in Gujarat and Rajasthan.

The US FDA has issued an Establishment Inspection Report for Piramal Pharma's Riverview manufacturing facility

The US FDA has issued an Establishment Inspection Report for Piramal Pharma's Riverview manufacturing facility, USA, after successfully closing the inspection of the said manufacturing facility.


One 97 Communications has received the go-ahead from the NPCI to start the user migration to the new PSP bank

One 97 Communications has received the go-ahead from the National Payment Corporation of India (NPCI) to start the user migration to the new Payment System Provider (PSP) bank handles immediately. Accordingly, it started transitioning ‘@paytm’ handles users to Axis Bank, HDFC Bank, SBI, and YES Bank, ensuring seamless UPI payments.

The Adani family has fully subscribed to the warrants program in Ambuja Cements

The Adani family has fully subscribed to the warrants program in Ambuja Cements by further infusing Rs 8,339 crore, taking the total capital infusion to Rs 20,000 crore. They have increased their stake in Ambuja by a further 3.6 percent to 70.3 percent, up from 63.2 percent. Ambuja intends to double its capacity to 140 MTPA by 2028.

Crompton Greaves Consumer Electricals has received a patent for an invention

Crompton Greaves Consumer Electricals has received a patent for an invention. Ceiling Fan Blade Mounting with Extended Lift Angle Causing Broadening of the Resultant Air Delivery Cone. This patent was officially granted a patent number on April 15, 2024, for a term of 20 years, effective April 5, 2018.

Stocks Picker Articles

18 Apr 2024 05:21

Forthcoming Event

18th April: BAJAJ-AUTO, EIMCOELECO, INFY, MASTEK, RIIL, RSSOFTWARE, SWARAJENG to consider Dividend; Sharda Motor Industries to consider Buyback; Indo Thai Securities to consider Fund Raising

19th April: BENARAS, ELECON, HDFCAMC to consider Dividend; Davangere Sugar Company, Elecon Engineering Company to consider Stock Split; Premier Explosives to consider Stock Split & Fund Raising; Inertia Steel, Sonalis Consumer Products, Swagtam Trading & Services to consider Fund Raising

20th April: BEPL, HDFCBANK to consider Dividend; HDFC Bank, Vaswani Industries to consider Fund Raising

22nd April: EPIGRAL, PERSISTENT, RALLIS to consider Dividend; Rama Steel Tubes, TruCap Finance to consider Fund Raising

23rd April: MCX, NELCO, TATACONSUM, TATAELXSI to consider Dividend; Mahindra & Mahindra Financial Services to consider Dividend & Fund Raising

24th April: ANANTRAJ, DALBHARAT, EQUITASBNK, LTIM, MAHSCOOTER, NAM-INDIA, SYNGENE, TATAINVEST to consider Dividend; MAS Financial Services to consider Dividend & Fund Raising;

25th April: BAJFINANCE, EMBASSY, LTTS, MPHASIS, NESTLEIND, SDBL, TECHM, UTIAMC, ZENSARTECH to consider Dividend; Aavas Financiers to consider Fund Raising

26th April: ATUL, BAJAJFINSV, BAJAJHLDNG, HCLTECH, MAHLIFE, MARUTI, PAISALO, PONNIERODE, SHREDIGCEM to consider Dividend; Shriram Finance to consider Dividend & Fund Raising; KSB Ltd to consider Stock Split; Dipna Pharmachem to consider Bonus issue & Stock Split

27th April: CRAFTSMAN, ICICIBANK, L&TFH, SESHAPAPER to consider Dividend

29th April: KFINTECH, KPITTECH, LGBBROSLTD, POONAWALLA, ULTRACEMCO to consider Dividend; IndoStar Capital Finance to consider Fund Raising

30th April: EXIDEIND, IOC to consider Dividend

Stocks Picker Articles

18 Apr 2024 04:49

*Stocks in News*


*Jubilant Pharmova:* U.S. FDA intimates inspection classification as 'Voluntary Action Indicated' for unit's Roorkee manufacturing facility. (Positive)

*Kamat Hotels:* Company announced launch of IRA by Orchid hotels in Ayodhya to expand presence in Uttar Pradesh. (Positive)

*TARC:* Company's FY24 pre-sales at Rs 1,612 crore, up 200% year-on-year. (Positive)

*Brigade Enterprises:* Company reports a 46% annual increase in its sales bookings. (Positive)

*Sunteck Realty:* Company reports 20% annual growth in sales bookings. (Positive)

*Shilpa Med:* Ages, Austria Issues GMP Certification for Shilpa Medicare’s Unit 4, Jadcherla, Telangana (Positive)

*Power Grid:* Company has been declared as the successful bidder to establish inter-state transmission system in Gujarat and Rajasthan. (Positive)

*Infosys:* Company partners Belgium's Proximus on Service Now platform (Positive)

*Jindal Stainless:* Company announces collaboration with global climate action body Science-Based Targets (Positive)

*Kirloskar Ferrous:* Company resumes operations at blast furnace at Karnataka plant effective April 15 (Positive)

*JSW Energy:* Arbitral Tribunal allows claim to recover Rs 120 cr from Tamil Nadu Generation and Distribution Corporation (TANGEDCO). (Positive)

*Biocon:* Company signs licensing & supply agreement with Brazil-based Biomm for commercialisation of Semaglutide (Positive)

*Hindustan Aeronautics:* Company request for proposal (RFP) has been issued in April 2024 for 97 Tejas Fighter Jets (Positive)

*Drone Destination:* Company announces mega pan India expansion. (Positive)

*Piramal Pharma:* USFDA issues EIR for company’s Riverview manufacturing facility. (Positive)

*State Bank:* Fitch affirms SBI at 'BBB-'; outlook Stable. (Neutral)

*Canara Bank:* Fitch affirms SBI at 'BBB-'; outlook Stable. (Neutral)

*Power Grid:* Company approves raising up to Rs 12,000 crore via bonds in FY25. (Neutral)

*IIFL Finance:* Board approves rights issue offer price of Rs 300 per share. (Neutral)

*Vodafone Idea:* India’s largest follow-on public offer opens today with price bank Rs 10-11. (Neutral)

*Reliance Industries:* Company offered U.S. oil to other buyers in Asia last week. (Neutral)

*HDFC Bank:* Board likely to consider annual renewal of issuance of long-term bonds via private placement mode (Neutral)

*Paytm:* Company clarifies license status, says no notice on investment in payments arm. Paytm gets NPCI nod to migrate users to new PSP bank handles. (Neutral)

*ZEE:* Company withdraws from NCLT application to merge operations with Sony. (Neutral)

*Vedanta:* Company gets GST Penalty order of ₹27.97 crore for a period FY 2018-19 to FY 2020-21. (Neutral)

*ICICI Lombard:* Q4 Combined Ratio at 102.2% vs 104.2%, Net profit up 19% at Rs 520 cr vs Rs 437 cr (YoY) (Neutral)

*Elin Electronics:* Company appoints Praveen Tandon as CEO of the co w.e.f. April 17, 2024 (Neutral)

*Tata Consumer:* Company acquires 8.3 crore shares representing 99.99% stake of Organic India from Fabindia (Neutral)

*Apollo Tyres:* Company receives tax demand and penalty of Rs 2.06 crore from GST authority in Tamil Nadu. (Neutral)

*Hathway Cable:* The Net profit at Rs 35 cr vs loss of Rs 14.6 cr, Revenue up 7.3% at Rs 493.4 cr vs Rs 460 cr (YoY). (Neutral)

*Ambuja Cement:* Adani Family Completes Ambuja Cement Warrant Subscription Infuses INR 20,000 Cr to increase stake to 70.3% (Neutral)

*Zee Entertainment:* Board approves new streamlined organisation structure proposed by MD, CEO (Neutral)

*ABFRL:* Company gets GST demand orders worth Rs 4.55 crore from Andhra Pradesh Tax Authority (Neutral)

*Tata Communications:* Cons revenue at Rs 5,691.7 cr vs Rs 5,633.3 cr QoQ (Neutral)

*JK Paper:* Step down subsidiary invested Rs 60 cr in Bengal & Assam company by way of purchase from open market, out of its surplus funds. (Neutral)

Stocks Picker Articles

16 Apr 2024 05:39

Corporate Actions

Dividend

18-Apr-24
STOVACQ: Final Dividend - Rs. - 17.00

19-Apr-24
GUJTLRM: Interim Dividend - Rs. - 1.00
SCHAEFFLER: Final Dividend - Rs. - 26.00

22-Apr-24
AEGISLOG: Interim Dividend - Rs. - 1.25

23-Apr-24
ASTERDM: Special Dividend- Rs. – 118.00
VUENOW: Interim Dividend - Rs. - 0.50
FORTISMLR: Interim Dividend

FPO
Vodafone Idea: Open: 18-Apr-24; Close: 22-Apr-24

Buyback
Tips Industries: Ex-Date: 22-Apr-24
Freshtrop Fruits: Open: 08-Apr-24; Close: 16-Apr-24

Bonus
Integrated Industries: Bonus Issue 1:1; Ex-Date: 16-Apr-24
Naapbooks: Bonus Issue 2:1; Ex-Date: 19-Apr-24
Shukra Pharma: Bonus Issue 3:1; Ex-Date: 19-Apr-24
Anup Engineering: Bonus Issue 1:1; Ex-Date: 23-Apr-24

Stock Split
Suratwwala Business: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Apr-24
Pulsar International: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 19-Apr-24
Bharat Bijlee: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Apr-24

Right Issue
Ashapuri Gold Ornament: Ex-Date: 18-Apr-24
Mishtann Foods: Open: 02-Apr-24; Close: 17-Apr-24
Sawaca Business Machines: Open: 02-Apr-24; Close: 22-Apr-24
Spectrum Foods: Open: 08-Apr-24; Close: 22-Apr-24
Jyoti Structures: Open: 15-Apr-24; Close: 29-Apr-24
Shiva Cement: Open: 22-Apr-24; Close: 06-May-24
Aa Plus Tradelink: Open: 22-Apr-24; Close: 06-May-24
Sakuma Exports: Open: 25-Apr-24; Close: 13-May-24