Stocks Picker Articles

13 May 2024 05:02

Stock in Action

Venus Pipes and Tubes Ltd: Venus Pipes and Tubes has recorded strong financial performance for the 4th quarter FY24. The company recorded their highest ever revenue for the quarter at Rs. 224.1 Cr, up by 27.1% as compared to the last year and by 8.2% QoQ. Revenue for the full FY24 stood at Rs. 802.2 Cr, up by 45.2% YoY. This growth in revenue was led by an increase in volume of Welded Pipes by 49% and of Seamless Pipes by 97% in the FY24. EBIDTA for Q4FY24 stood at Rs. 45 Cr, up by 108.6% compared to Q4FY23 and for the full year FY24 the EBIDTA stood at Rs. 146 Cr, up by 111.7% YoY. The PAT in Q4 was recorded at Rs. 25 Cr, up by 86.4% YoY and for FY24 the PAT stood at Rs. 85.9 Cr, a growth of 94.3% YoY. For FY24, exports accounted for 12.3% of the total revenue compared to 5.4% last year. This increase in export revenue was a result of its geographical expansion plans and the company started receiving orders from the US market looking to penetrate this market further, along with Middle East. Positive on Venus pipes given its strong financial growth and the positive outlook for its geographical expansion.

Computer Age Management Services Ltd: The company recorded strong financial performance for the 4th quarter FY24. The Revenue for Q4 stood at Rs. 310 Cr, up by 24.6% YoY and by 7.2% QoQ. For FY24, the revenue was Rs. 1136 Cr, up by 16.9% YoY. The EBIDTA for the quarter was at Rs. 143 Cr, up by 31.4% YoY and 10.8% QoQ. For FY24, the EBIDTA stood at Rs. 504 Cr, up by 19.9% YoY. PAT for Q4 was at Rs. 102 Cr up by 38% YoY and 16.3% QoQ. The growth in the financial performance was a result of robust performance across all revenue streams. The company won all three new Annual Mandate Contract (AMC) mandates. The company’s equity Asset Under Management (AUM) stood at Rs. 19.3 trillion, up by 49.4% YoY. Also, their unique investor base crossed 3 Cr in January 24. Positive on Computer Age Management Services given its strong financial performance across all revenue streams.

Stocks Picker Articles

13 May 2024 04:58

*Fund Houses Recommendations*


Jefferies on *ABB:* Maintain Buy on Company, raise target price at Rs 8845/Sh (Positive)

Citi on *Polycab:* Maintain Buy on Company, raise target price at Rs 7708/Sh (Positive)

Jefferies on *Polycab:* Maintain Buy on Company, raise target price at Rs 7125/Sh (Positive)

HSBC on *Kalyan Jewel:* Maintain Buy on Company, target price at Rs 500/Sh (Positive)

Citi on *Bank Baroda:* Maintain Buy on Bank, raise target price at Rs 300/Sh (Positive)

MOSL on *Bank Baroda:* Maintain Buy on Bank, target price at Rs 300/Sh (Positive)

IIFL on *Bank Baroda:* Upgrade to Buy on Bank, raise target price at Rs 300/Sh (Positive)

Jefferies on *Bank Baroda:* Upgrade to Buy on Bank, raise target price at Rs 310/Sh (Positive)

JP Morgan on *Bank Baroda:* Maintain Overweight on Bank, raise target price at Rs 340/Sh (Positive)

JP Morgan on *Cipla:* Maintain Overweight on Company, target price at Rs 1550/sh (Positive)

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

UBS on *BPCL:* Maintain Buy on Company, target price at Rs 700/sh (Positive)

Nomura on *HPCL:* Maintain Buy on Company, target price at Rs 570/sh (Positive)

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

JP Morgan on *MGL:* Maintain Overweight on Company, target price at Rs 1575/sh (Positive)

CLSA on *Lalpathlabs:* Upgrade to Buy on Company, target price at Rs 2590/Sh (Positive)

Nuvama on *Sapphire:* Maintain Buy on Company, target price at Rs 1812/Sh (Positive)

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

Emkay on *Sapphire:* Maintain Buy on Company, target price at Rs 1600/Sh (Positive)

Jefferies on *Tata Motors:* Maintain Buy on Company, raise target price at Rs 1250/sh (Positive)

Jefferies on *Eicher Motors:* Maintain Buy on Company, raise target price at Rs 6000/Sh (Positive)

Citi on *Eicher Motors:* Maintain Buy on Company, target price at Rs 5300/Sh (Positive)

Emkay on *Eicher Motors:* Maintain Sell on Company, target price at Rs 3400/Sh (Neutral)

JP Morgan on *Eicher Motors:* Maintain Neutral on Company, target price at Rs 4230/Sh (Neutral)

MS on *Eicher Motors:* Maintain Underweight on Company, target price at Rs 3533/Sh (Neutral)

GS on *Dr Lalpathlabs:* Maintain Sell on Company, cut target price at Rs 2150/Sh (Neutral)

Nomura on *MGL:* Maintain Neutral on Company, target price at Rs 1250/sh (Neutral)

Elara on *Tata Motors:* Maintain Accumulate on Company, target price at Rs 1100/sh (Neutral)

Nuvama on *Tata Motors:* Maintain Reduce on Company, target price at Rs 940/sh (Neutral)

MS on *Tata Motors:* Downgrade to Equal weight on Company, raise target price at Rs 1100/Sh (Neutral)

Nomura on *Tata Motors:* Downgrade to Neutral on Company, raise target price at Rs 1141/Sh (Neutral)

MS on *Bank India:* Maintain Underweight on Bank, target price at Rs 124/sh (Neutral)

Jefferies on *TCI express:* Maintain Buy on Company, cut target price at Rs 1825/Sh (Neutral)

UBS on *HPCL:* Maintain Buy on Company, target price at Rs 500/sh (Neutral)

Stocks Picker Articles

13 May 2024 04:57

*Stocks in News*


*Piramal Pharma:* Net profit at Rs 101.3 cr vs Rs 50.1 cr, Revenue up 18% at Rs 2,552.4 cr vs Rs 2,163.6 cr (YoY) (Positive)

*ABB:* Net profit at Rs 659 cr vs poll Rs 333 cr, Revenue at Rs 3,080.4 cr vs poll of Rs 2,880 cr (Positive)

*NCL Ind:* Net Profit at Rs 23.9 cr Vs Rs 9.8 cr, Revenue up 13.8% at Rs 495 cr vs Rs 435 cr (YoY) (Positive)

*Kalyan Jewel:* Net Profit at Rs 137 cr Vs Rs 70 cr, Revenue at Rs 4535 cr vs Rs 3382 cr (YoY) (Positive)

*Thermax:* Net Profit at Rs 188 cr Vs Rs 156 cr, Revenue at Rs 2764 cr vs Rs 2311 cr (YoY) (Positive)

*DLink:* Net Profit at Rs 25.1 cr Vs Rs 20.0 cr, Revenue at Rs 334 cr vs Rs 311 cr (YoY) (Positive)

*DBL:* Net Profit at Rs 3 cr Vs loss Rs 70 cr, Revenue up Rs 3366 cr vs Rs 2841 cr (YoY) (Positive)

*Cholamandalam Financial:* Profit up 27% at Rs 1,144 cr, NII up 32.3% at Rs 2614 cr QoQ. (Positive)

*BEML:* Net profit up 62.8% at ₹256.8 cr vs ₹157.7 cr, Revenue up 9.1% at ₹1,513.7 cr vs ₹1,387.9 cr (YoY) (Positive)

*JK Cement:* Net profit at ₹219.7 cr vs ₹107.7 cr, Revenue up 11.8% at ₹3,105.8 cr vs ₹2,777.9 cr (YoY) (Positive)

*Ami Organics:* Q4 Sl Net Profit Rs 32.1 cr Rupees Vs Rs 27.2 cr, Revenue at Rs 220 cr vs Rs 186 cr (YoY) (Positive)

*Jupiter life:* Profit up 187.4% at Rs 45 cr vs Rs 16 cr. YoY, Revenue up 19.9% at Rs 290 cr vs Rs 242 cr YoY (Positive)

*Sharda Cropchem:* Profit at Rs 143 cr vs Rs 5 cr. QoQ, Revenue up 107.5% at Rs 1,312 cr vs Rs 632 cr QoQ (Positive)

*Dodla Dairy:* Company Says Commenced Its Commercial Production at Dodderi Plant (Positive)

*Lupin:* Company re-launches Mirabegron Extended-Release Tablets in the US after the Court lifted the temporary restraining order (Positive)

*Infosys:* Company partners with ABB FIA Formula E World Championship as its official digital innovation partner (Positive)

*Maruti Suzuki:* Company expects over 30% jump in CNG vehicle sales at 6 lakh units in FY25 (Positive)

*Railtel:* Received work order from Central Warehouse corp worth Rs 51.53cr (Positive)

*Power Grid:* Wins bid for 2  Inter-State transmission system in Rajasthan (Positive)

*HUDCO:* Company in pact with SITCO for development of Surat Multi Modal Transportation Hub. (Positive)

*Andhra Paper:* Company in pact with Sweden-based Valmet AB for supply and commissioning of tissue paper production line (Positive)

*Lemon Tree Hotels:* Company signs pact for upcoming 60-room hotel in Bareilly, Uttar Pradesh. (Positive)

*Zydus Lifesciences:* Company gets USFDA approval for Dexamethasone Tablets (Positive)

*Flair:* Construction work starts for new factory in Valsad (Positive)

*Reliance Infra:* Arm acquires Utility Powertech (JV with NTPC) for Rs 66cr (Positive)

*Aarti Ind:* Net profit at Rs 132 cr vs poll of Rs 137 cr, Revenue at Rs 1,773 cr vs poll of Rs 1,886 cr (Neutral)

*Eicher Motors:* Net profit at Rs 983.3 cr vs poll of Rs 1,019 cr, Revenue at Rs 4,192 cr vs poll of Rs 4,204 cr (Neutral)

*ITDC:* Net profit at Rs 16.3 cr vs Rs 9.7 cr, Revenue at Rs 148.0 cr vs poll of Rs 154.0 cr (Neutral)

*Bank India:* Net profit up 7% at Rs 1,439 cr vs Rs 1,350 cr, NII up 7% at Rs 5,937 cr vs Rs 5,523 cr (YoY) (Neutral)

*Novartis:* Net profit down 41.6% at Rs 14.6 cr vs Rs 25 cr, Revenue up 6.7% at Rs 81.2 cr vs Rs 76.1 cr (YoY) (Neutral)

*Finolex Ind:* Net Profit at Rs 161 cr Vs Rs 158 cr, Revenue at Rs 1235 cr vs Rs 1140 cr (YoY) (Neutral)

*JTL:* Net profit at Rs 30 cr vs Rs 37 cr, Revenue at Rs 466 cr vs Rs 473 cr (YoY) (Neutral)

*Advance Enzymes:* Net Profit Down 11.6% At Rs 28.3 Cr Vs Rs 32 Cr, Revenue Up 13.8% At Rs 157.8 Cr Vs Rs 138.7 Cr (YoY) (Neutral)

*Tata Motors:*  Net profit reported at Rs 17704 crore versus poll of Rs 7376 crore, Revenue reported at Rs 1.2 lakh crore versus poll of Rs 1.2 lakh crore (Neutral)

*CCL Products:* Net profit at ₹65.2 cr vs ₹85.3 cr, Revenue up 39.7% at ₹727.0 cr vs ₹520 cr (YoY) (Neutral)

Stocks Picker Articles

10 May 2024 05:44

Corporate Actions

Hindustan Petroleum Corporation has approved issue of Bonus Shares in the ratio of 1:2 i.e. one new bonus equity share for every two existing equity shares. The Board has fixed 21 June 2024 as Record date.

Bharat Petroleum Corporation has recommended issue of Bonus Shares in the ratio of 1:1 i.e. one new bonus equity share for every one existing equity shares subject to the approval of shareholders through Postal Ballot. The Board has fixed Saturday, 22nd June 2024 as Record date.

Solara Active Pharma Sciences approved a rights issue to raise Rs 449.95 crore. The rights shares are priced at Rs 375 per equity share. The issue is scheduled to open on May 28, 2024, and will close on June 11, 2024.

Dividend

10-May-24
MAHABANK: Final Dividend - Rs. - 1.40
GUJINTRX: Interim Dividend - Rs. - 7.00
APTECHT: Dividend - Rs. - 4.50
HDFCBANK: Final Dividend - Rs. - 19.50
DCBBANK: Dividend - Rs. - 1.25
UCOBANK: Final Dividend - Rs. - 0.28
RKFORGE: Interim Dividend - Rs. - 1.00
TRIL: Dividend - Rs. - 0.20

13-May-24
STANCAP: Special Dividend - Rs. - 0.01


IPO
TBO Tek: Open: 08-May-24; Close: 10-May-24
Aadhar Housing Finance: Open: 08-May-24; Close: 10-May-24

Buyback
Ajanta Pharma: Ex-Date: 30-May-24

Bonus
--

Stock Split
Canara Bank: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

Right Issue
Til Ltd.: Open: 26-Apr-24; Close: 10-May-24
Savani Financials: Open: 02-May-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
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24

Stocks Picker Articles

10 May 2024 04:59

Stock in Action

Larsen & Toubro: Larsen & Toubro maintained the double-digit growth momentum in Q4FY24, led by the core project and manufacturing business as well as the financial services business. The core infrastructure segment posted a 22% growth, led by strong execution and a robust order book. Double-digit growth in the hi-tech manufacturing business also helped. Strong retail disbursements resulted in robust growth for the Financial Services business, boosting overall growth. Operating margins continued to remain under pressure, declining on a YoY basis. Early-stage execution in the hi-tech business and lower margins in financial services and development projects businesses led to a drop in the overall margin. IT Services business margins were broadly in line with the previous year. The domestic market, which forms about 60% of revenues as well as the order book, is impacted by the Lok Sabha election. Owing to the model code of conduct, the government is not announcing any major infrastructure project and policy action is muted. A new government will be formed in June and policy decisions on new projects will be taken mostly towards the fag end of H1FY25. L&T is sitting on a record order book of Rs 475,800 crore, which is about 3.8x trailing revenues, providing a strong growth visibility over the medium to long run. L&T has reduced the working capital cycle for the core business. Positive on Larsen & Toubro given an increase in domestic private capex and booming infrastructure spend in India.

Hero MotoCorp: Hero MotoCorp has recorded a significant enhancement in operating margin throughout the last quarter of FY24 as well as the entire fiscal year. This improvement is credited to a notable reduction in raw material costs, alongside operating leverage. Moreover, the company has witnessed substantial growth in revenue, largely driven by the introduction of new models in the premium segment. The company is seeing a surge in demand, particularly in rural areas, supported by the combination of renewed consumer interest and the introduction of new models in the premium segment. This, in turn, has resulted in a YoY growth of 9.6% in Q4FY24. The net operating revenue has recorded a YoY growth of 14.6%, driven by a 4.6% increase in realisation. The management has indicated that the tough phase of low demand has passed and is now optimistic about a favourable uptick in demand across all segments, encompassing both entry-level and premium categories. With commodity prices remaining stable, expectations of normal monsoons, and government spending expected to increase, it sees multiple tailwinds for the sector over the upcoming quarters. The company is actively investigating opportunities within the EV sector, which is expected to become a significant catalyst for demand in the upcoming years. With the successful rollout of its EV model, the company is achieving a weekly production rate of 1,000 units. Positive on Hero Motocorp given the resonable valuation and demand recovery in rural areas.

Stocks Picker Articles

10 May 2024 04:58

*Stocks in News*


*Suryoday:* Net profit up 56.3% at ₹60.8 cr vs ₹38.9 cr, NII up 28.9% at ₹270.8 cr vs ₹210.1 cr (YoY) (Positive)

*CAMS:* Net profit at ₹103 cr vs ₹74 cr, Revenue at ₹310 cr vs ₹249 cr (YoY). (Positive)

*Alkyl Amines:* Net profit at ₹38.5 cr vs ₹33.4 cr, Revenue at ₹357 cr vs ₹322 cr (YoY). (Positive)

*Venus Pipes:* Net profit at ₹25 cr vs ₹13.4 cr, Revenue at ₹224 cr vs ₹176 cr (YoY). (Positive)

*Abbott India:* Revenue up 7.1% at ₹1,438.6 cr vs ₹1,343.1 cr, EBITDA up 17.6% at ₹329.5 cr vs ₹280.1 cr (Positive)

*Solara Active Pharma:* Company to raise up to ₹449.95 crore via rights issue, issue price is ₹375/share (Positive)

*Brigade ENT:* Company to develop a residential project in Bengaluru, gross development value at ₹660 cr
(Positive)

*Infosys:* Company partners with ABB FIA Formula E World Championship as its official digital innovation partner (Positive)

*ICICI Pru Life:* April premium collection up by 28.13 percent YoY. (Positive)

*Max Life:* April premium collection up by 40.89 percent YoY. (Positive)

*SBI Life:* April premium collection up by 26.30 percent YoY. (Positive)

*LIC:* April premium collection up by 113.14 percent YoY. (Positive)

*BPCL:* Company announced 1:1 Bonus Issue (Positive)

*Relaxo:* Net profit down 3% at ₹61.4 cr vs ₹63.3 cr (YoY), Revenue down 2.3% at ₹747.2 Cr Vs ₹764.9 Cr (YoY) (Neutral)

*BPCL:* Net profit up 24.34% at ₹4224 cr (YoY), Revenue up 1.62 % at ₹1, 16,555 cr (YoY) (Neutral)

*Intellect Design:* Net Profit down 13.6%, revenue declines 3.3% QoQ (Neutral)

*Malappuram Finance:* Company SAYS RBI’S advisory reiterating limit of 20,000 rupees for disbursing cash loans would not hamper company’s business (Neutral)

*Tata Power:*Company plans to fund its cash flow for investments through internal accruals and debt, CEO and MD Praveer Sinha (Neutral)

*Tata Steel:* Company raises stake in arm Indian Steel & Wire to 98.61%. (Neutral)

*Paytm:* Company denies reports of lenders invoking loan guarantees as "factually incorrect" (Neutral)

*HDFC Life:* April premium collection up by 4.31 percent YoY. (Neutral)

*LIC:* Company gets GST, interest & penalty order worth Rs 127.69 cr including interest of Rs 114 cr. (Neutral)

*Bandhan Bank:* In talks to raise $250-million debt from IFC (Neutral)

*Orient Electric:* Net profit down 48% at ₹12.80 cr vs ₹24.6 cr (YoY), Revenue up 19.7% at ₹788 Cr Vs ₹658 Cr (YoY) (Negative)

*Nitin Spinners:* Net Profit up 22.3% YoY, EBITDA down 51.8% YoY (Negative)

Stocks Picker Articles

09 May 2024 04:57

Stock in Action

Jupiter Wagons Ltd.: Jupiter Wagons reported strong quarterly number both on YoY and QoQ basis as improved market conditions and strong business environment. EBITDA margin has also improved and continue to Industry-leading. The company is adding capacity to the foundry at the Kolkata Unit while setting up a new foundry at Jabalpur Unit. JWL has made a strategic entry into the global markets by signing MOU with RITES Ltd. Order book stands at Rs. 7102 crore. Revenue during 4QFY24 grew by 56.7% YoY and 24.5% QoQ, while EBITDA grew by 59% YoY and 18% QoQ. Net Profit during the quarter grew by 116% YoY and 28% QoQ. As per the management, new contract wins from the Ministry of Defense, a prominent automobile manufacturer, and the Ministry of Railways for manufacturing and supplying various types of wagons coupled with the existing order backlog provide strong visibility. The outlook for FY25 is further enhanced by the impending launch of e-LCVs and the plan to scale up the brake systems and braking businesses. Positive on Jupiter Wagons given the strong set of 4QFY24 performance.

UltraTech Cement Ltd: The company recorded strong financial performance for the 4th quarter and FY'24. The company achieved a milestone of having capacity of more than 150 Metric Tonnes Per Annum(MTPA). Revenue from operations for Q4FY'24 stood at Rs. 20,418 Cr, up by 22% QoQ and 9.4% YoY. For the full year FY24 the revenue was Rs. 70,908 Cr, up by 12% YoY. EBIDTA for the 4th Quarter stood at Rs. 4,113 Cr, up by 26.4% QoQ and 23.8%YoY. For FY24 EBIDTA was at Rs. 12,968 Cr, up by 22.1% YoY. The PAT for Q4 was at Rs. 2,258 Cr, up by 36% compared to Q4 last year and for FY24 the PAT was at Rs. 7,005 Cr, up by 38% YoY. The company also recorded a volume growth of 13% during the FY'24, while for 4QFY24 the volume growth was 11% YoY. Also, the capacity utilisation stood at 85% for the full year. The company is constantly working towards increasing their production capacity and expect to reach a capacity of 183.5 MTPA by FY27. Positive on UltraTech Cement given the strong financial growth and their future plans to increase their production capacity

Stocks Picker Articles

09 May 2024 04:51

*Stocks in News*


*Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383.8 cr (YoY) (Positive)

*Tata Power:* Net profit up 11.4 % at ₹1,045.6 cr vs ₹949.5 cr (YoY), Revenue up 27.2% at ₹15,846.6 cr vs ₹12,453.8 cr (YoY). (Positive)

*SKF:* Net profit up 42.6% at ₹175.2 cr vs ₹122.9 cr, Revenue up 9.9% at ₹1,203.4 cr vs ₹1,094.7 cr (YoY) (Positive)

*Godrej Agrovet:* Net profit at ₹65.5 cr vs ₹23.5 cr, Revenue up 1.9% at ₹2,134.3 cr vs ₹2,095 cr (YoY) (Positive)

*HomeFirst:* Net profit up 30.5% at ₹83.5 cr vs ₹64 cr, NII up 22.4% at ₹136.8 cr vs ₹111.8 cr (YoY) (Positive)

*India Shelter:* Net profit up 46.9% at ₹78 cr vs ₹53 cr, NII up 57.9% at ₹131.0 cr vs ₹83.0 cr (YoY) (Positive)

*GSPL:* Net profit up 22.2% at ₹663.1 cr vs ₹542.8 cr, Revenue up 5.9% at ₹4,522.2 cr vs ₹4,270.1 cr (YoY) (Positive)

*Vijaya Diagnostic:* Net profit up 21.7% at ₹33.7 cr vs 27.7 cr (YoY), Revenue up 28.3% at ₹155.2 cr vs ₹121 cr (YoY) (Positive)

*BSE:* Cons net profit up 20.7% at ₹106.9 cr vs ₹88.6 cr, revenue at ₹544.8 cr vs ₹259 cr (YoY) (Positive)

*Kalpataru:* Net profit up 20.7% at ₹169 cr vs ₹140 cr, Revenue up 22.3% at ₹5,971 cr vs ₹4,882 cr (YoY) (Positive)

*NBCC:* Company gets work orders worth ₹400 crore in Chhattisgarh & Kerala (Positive)

*TVS Supply Chain:* Company gets business deal for Eicher’s bus facility in Baggad (Positive)

*HDFC Life:* IRDAI has given its approval for the appointment of Keki Mistry as chairman of the board of the company. (Positive)

*Waaree Energies:* Company and Ecofy partner to provide solar rooftop project finance, making sustainability more accessible. (Positive)

*Infosys:* Company in pact with Yunex Traffic for digital transformation (Positive)

*Bank Baroda:* RBI conveyed to the bank its decision to lift restrictions on BoB World with immediate effect. (Positive)

*Wipro:* Company collaborates with Kognitos Inc to deploy Gen AI-based business automation solutions. (Positive)

*RVNL:* Company gets order worth ₹167.3 cr from South Eastern Railway. (Positive)

*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)

*Bajaj Consumer:* Net profit down 12.1% at ₹35.6 cr vs ₹40.5 cr (YoY), Revenue down 3.8% at ₹240 cr vs ₹249.4 cr (YoY) (Neutral)

*TVS Motors:* Net profit reported at Rs 485 crore versus poll of Rs 540 crore, EBITDA Margins at 11.3% versus poll of 18.1% (Neutral)

*Larsen:* Net profit reported at Rs 4396 crore versus poll of Rs 4267 crore, EBITDA Margins at 10.8% versus poll of 11.35% (Neutral)

*HG Infra:* Net profit up 11.2% at ₹190 cr vs ₹170.9 cr, Revenue up 11.3% at ₹1,708.2 cr vs ₹1,535.4 cr (YoY) (Neutral)

*Sula Vineyards:* Net profit down 4.2% at ₹13.6 cr vs 14.2 cr, Revenue up 8% at ₹131.7 cr vs ₹120 cr (YoY) (Neutral)

*PEL:* Net profit at ₹137.1 cr vs loss of ₹195.9 cr, Revenue up 16% at ₹2,473.3 cr vs ₹2,131.7 cr (YoY) (Neutral)

*WPIL:* Company to consider sub-division/split of equity shares of company on May 25, 2024 (Neutral)

*Bajaj Consumer:* Company to buy back shares at ₹290/sh; buyback up to ₹166 cr total size (Neutral)

*Reliance:* Company to acquire 100% stake in Reliance Chemicals for Rs 314.5 crore. (Neutral)

*Nucleus Soft:* Company appoints Surya Prakash Kanodia as CFO of the co w.e.f. May 8, 2024 (Neutral)

*Adani Power:* Gautam Adani and Rajesh Adani have revoked their pledged shares of Adani Power. (Neutral)

*ESAF:* Net profit down 57.2% at ₹43.4 cr vs ₹101.4 cr, NII up 18.4% at ₹590.7 cr vs ₹498.9 cr (YoY) (Negative)

Stocks Picker Articles

08 May 2024 05:12

Bulk Deal & Insider Trade Update

Bulk Deals
*Cartrade Tech Limited : Sector Investment Funds Plc - Sector Global Emerging Markets Fund Buy 242144 Shares @ Rs. 854.93

Insider Trade
*Acquisition*
* Amfine Capital Management Private Limited Promoter Group Acquisition 1440000 shares of Intellivate Capital Ventures Ltd.
* Angan Guha Director Acquisition 75000 shares of Birlasoft Ltd on 20-Apr-24
* DYNAMIC SERVICES & SECURITY LIMITED Promoter Acquisition 1500000 shares of Mehai Technology Ltd on 17-Apr-24
* SBI CAPITAL MARKETS LIMITED Promoter Group Acquisition 36500 shares of Sbi General Insurance Company Ltd on 21-Feb-24

*Disposal*
* Minesh V Modi Promoter & Director Disposal 56841 shares of Netlink Solutions (India) Ltd. on 06-May-24
* Param Kamlesh Kapadia Promoter Group Disposal 3040 shares of Sterling Powergensys Limited on 06-May-24
* Angan Guha Director Disposal 75000 shares of Birlasoft Ltd
* Bhupendra Vadilal Shah Director Disposal 2000 shares of K.P. Energy Ltd on 06-May-24
* SBI CAPITAL MARKETS LIMITED Promoter Group Disposal 20000 shares of Sbi General Insurance Company Ltd

*Pledge*
* Promoter Group Pledge 49000000 shares of Mindspace Business Parks Reit

*Revoke*
* Promoter Group Revoke 49000000 shares of Mindspace Business Parks Reit

Dividend Update
*Laurus Labs Ltd. Interim Dividend Rs. 0.4 Ex Date 08-May-2024

*Result Today*
Larsen & Toubro Ltd.
Tata Power Company Ltd.
Canara Bank
TVS Motor Company Ltd.
Hero MotoCorp Ltd.
Bharat Forge Ltd.
BSE Ltd.
SKF India Ltd.
Gujarat State Petronet Ltd.
Piramal Enterprises Ltd.
Kalpataru Projects International Ltd.
Capri Global Capital Ltd.
Kirloskar Oil Engines Ltd.
Westlife Foodworld Ltd
Godrej Agrovet Ltd.
Home First Finance Company India Ltd.
Balaji Amines Ltd.
H.G. Infra Engineering Ltd.
Vijaya Diagnostic Centre Ltd.
India Shelter Finance Corporation Ltd.
Magellanic Cloud Ltd.
Sterlite Technologies Ltd.
Sula Vineyards Ltd.
Datamatics Global Services Ltd.
Bajaj Consumer Care Ltd.
ESAF Small Finance Bank Ltd.
Greaves Cotton Ltd.
Automobile Corporation of Goa Ltd.
JG Chemicals Ltd.
Wealth First Portfolio Managers Ltd.
HT Media Ltd.
Naperol Investments Ltd.
CL Educate Ltd.
Macfos Ltd.
Star Housing Finance Ltd.
Nath Bio-Genes (India) Ltd.

Stocks Picker Articles

08 May 2024 04:44

*Q4FY24 EARNING CALENDAR 08.05.2024*

BAJAJCON, *BHARATFORG*, *CANBK*, DATAMATICS, ESAFSFB, GODREJAGRO, GREAVESCOT, GSPL, *HEROMOTOCO*, HGINFRA, HOMEFIRST, INDIASHLTR, KIRLOSENG, *LT*, PEL, SKFINDIA, SULA, *TATAPOWER*, *TVSMOTOR*, WESRLIFE

*BHARATFORG*
Revenue expected at Rs 6948 crore versus Rs 6464 crore,
EBITDA expected to be seen at Rs 676 crore versus Rs 522.6 crore
EBITDA margin expected to be seen at 28.5% versus 26.2%
Net profit expected to be seen at Rs 389.5 crore versus Rs 275.4 crore

*CANBK*
• NII expected at Rs 9315 crore versus Rs 8616 crore
• EBIT expected to be seen at Rs 7046 crore versus Rs 7252 crore
• EBIT margin expected to be seen at 50.5% versus 54.1%
• Net profit expected to be seen at Rs 3720 crore versus of Rs 3174 crore

*HEROMOTOCO*
• Revenue expected at Rs 9417 crore versus Rs 8306 crore
• EBITDA expected to be seen at Rs 1362 crore versus Rs 1083 crore
• EBITDA margin expected to be seen at 14.4% versus 13.0%
• Net profit expected to be seen at Rs 1066 crore versus of Rs 859 crore

*L&T*
• Revenue expected at Rs 66,843 crore versus Rs 58,335 crore
• EBITDA expected to be seen at Rs 7495 crore versus Rs 8354 crore
• EBITDA margin expected to be seen at 11.2% versus 14.3%
• Net profit expected to be seen at Rs 4282 crore versus of Rs 3986 crore

*TATAPOWER*
• Revenue expected at Rs 14,776 crore versus Rs 12,755 crore
• EBITDA expected to be seen at Rs 2680 crore versus Rs 1083 crore
• EBITDA margin expected to be seen at 14.4% versus 13.0%
• Net profit expected to be seen at Rs 940 crore versus of Rs 778 crore

*TVSMOTOR*
• Revenue expected at Rs 8020 crore versus Rs 6604 crore
• EBITDA expected to be seen at Rs 897 crore versus Rs 2229 crore
• EBITDA margin expected to be seen at 18.1% versus 17.5%
• Net profit expected to be seen at Rs 540 crore versus of Rs 364 crore

*Q4FY24 EARNING CALENDAR 09.05.2024*

*ABBOTINDIA*, AJMERA, ALKYLAMINE, *ASIANPAINT*, APLLTD, *BPCL*, CAMS, CARERATING, *ESCORTS*, GOPAL, HIKAL, HINDPETRO, INTELLECT, *IOB*, *MGL*, ORIENTELEC, *PNB*, RAIN, RELAXO, *SBIN*, TIMKEN, TVSELECT, VAKRANGEE, VENUSPIPES, VSTTILLERS, VTL

Stocks Picker Articles

07 May 2024 05:34

Forthcoming Event

07th May: BIGBLOC, CENTURYTEX, CHAMBLFERT, CREDITACC, DELTACORP, DRREDDY, FREDUN, GRAPHITE, HIL, HINDZINC, HMVL, IGL, INFOBEAN, IRB, JINDALSAW, KAJARIACER, KEC, MANCREDIT, NAVINFLUOR, ORIENTBELL, PROTEAN, RANEENGINE, SASKEN, SONATSOFTW, SRF, UBL, VOLTAS to consider Dividend; JSW Energy, Jupiter Wagons, Suraj Estate Developers to consider Dividend & Fund Raising; Bhartiya International, Franklin Industries to consider Fund Raising

08th May: ACGL, BALAMINES, BHARATFORG, BSE, CANBK, CGCL, DATAMATICS, DUTRON, GODREJAGRO, GREAVESCOT, GSPL, HEROMOTOCO, HGINFRA, KIRLOSENG, KPIL, LT, NATHBIOGEN, PATINTLOG, PEL, SKFINDIA, STLTECH, SULA, TATAPOWER, VIJAYA, WEALTH to consider Dividend; India Shelter Finance Corporation, Satin Creditcare Network, Shrem Invit, Peninsula Land, DSJ Keep Learning to consider Fund Raising; Bajaj Consumer Care to consider Buyback; ESAF Small Finance Bank, Home First Finance Company India to consider Dividend & Fund Raising; Ontic Finserve to consider Reduction of Capital

09th May: ABBOTINDIA, ADFFOODS, AJMERA, ALKYLAMINE, APLLTD, ASIANPAINT, BPCL, CAMS, CAPITALSFB, CARERATING, ESCORTS, HIKAL, HINDPETRO, INTELLECT, JASH, KENNAMET, MGL, NAVNETEDUL, NITINSPIN, NXST, ORIENTELEC, PNB, QUESS, RELAXO, SATINDLTD, SBIN, SHANTIGEAR, STOVACQ, SUTLEJTEX, TIMKEN, TRISHAKT, TVSELECT, VENUSPIPES, VSTTILLERS, VTL, WALCHPF, ZODIACVEN to consider Dividend; Rushil Décor, Share India Securities to consider Dividend & Stock Split; Healthy Life Agritec, Solara Active Pharma Sciences to consider Fund Raising; Hindustan Petroleum Corporation, Bharat Petroleum Corporation to consider Bonus issue

10th May: AARTIIND, AMIORG, ARTEMISMED, BANKBARODA, BANKINDIA, BIRLACABLE, CIPLA, DBL, EICHERMOT, FINEORG, FINPIPE, GESHIP, HESTERBIO, JTLIND, KALYANKJIL, KSL, LALPATHLAB, MANAKCOAT, NCLIND, NETTLINX, NEULANDLAB, NITTAGELA, NOVARTIND, POLYCAB, PPLPHARMA, PSB, ROSEMER, SAGARSOFT, SHARDACROP, SHREYANIND, SILINV, STERTOOLS, TATAMOTORS, TATAMTRDVR, TCIEXP, THERMAX, TRANSCOR, UNIABEXAL, UNIONBANK, VENKEYS to consider Dividend; Avonmore Capital & Management Services to consider Stock Split; Ashirwad Capital to consider Bonus issue; Indo Thai Securities, Syrma SGS Technology to consider Dividend & Fund Raising; BFL Asset Finvest to consider Fund Raising

11th May: APLAPOLLO, CCL, DLINKINDIA, GUJCONT, ITDC, SIYSIL, TVSSRICHAK to consider Dividend;

12th May: JK Cement to consider Dividend & Fund Raising

13th May: ALEMBICLTD, ASHIKA, AVADHSUGAR, CERA, KARURVYSYA, MAPMYINDIA, NELCAST, SAINTGOBAIN, SHRIPISTON, UPL to consider Dividend; GIC Housing Finance, Tube Investments of India to consider Dividend & Fund Raising; Jamshri Realty to consider Stock Split

14th May: APARINDS, BASF, COLPAL, DALMIASUG, INDAG, JUBLINGREA, KDDL, MAGADSUGAR, MATRIMONY, NILKAMAL, RADICO, SHREECEM, SHYAMMETL, THEMISMED, VMART to consider Dividend; Andhra Paper to consider Dividend & Stock Split; Bajaj Electricals, Repco Home Finance to consider Dividend & Fund Raising

15th May: CLEAN, GRANULES, HONAUT, ICRA, JTEKTINDIA, JYOTHYLAB, LICHSGFIN, MUKANDLTD, NIRLON, RANEHOLDIN, RVNL, SICAGEN, THOMASCOOK, TIRUMALCHM to consider Dividend;

16th May: AKZOINDIA, BIOCON, CONCOR, CROMPTON, EMKAY, ENDURANCE, MSUMI, ULTRAMAR, VGUARD to consider Dividend; Sanghvi Movers to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement

17th May: BBL, GLAXO, LOYALTEX, MINDTECK, NHPC, POLYMED, TVTODAY, to consider Dividend; Centrum Capital to consider Fund Raising

18th May: IFGLEXPOR, TIDEWATER to consider Dividend;

Stocks Picker Articles

07 May 2024 05:15

*Stock in Action*

*Shree Cement ltd.:* Shree Cement has been consistent in capacity expansion (mostly through organic routes), with a capacity CAGR of ~12% over FY14-24. The company plans to increase its grinding capacity organically at a similar CAGR over the next 3 years. Most of these expansions will focus on its existing markets. Company is the one of the lowest-cost producers in the cement industry. Now, it is also focusing on improving brand equity by enhancing consumer pull for its products in the market, and increasing premium product share. Company has also revamped its brand strategy and launched ‘Bangur’ as the master brand for all product categories across markets. This was implemented with a new brand identity through a new logo and modern packing designs. A new multi-media advertising campaign has been launched across television, outdoor, print, digital, and retail touchpoints. *Positive on Shree Cement given the consistency in capacity expansion which is driving its growth.*

*Blue Dart Express Ltd:* Blue Dart Express reported improved 4QFY24 performance due to increase in demand. The company has witnessed strong growth owing to heightened business activity from key industry verticals. With addition of network and capacities, the growth in volumes in picking up additional momentum. As per the management, the company has introduced innovative shipping platforms and forged strategic partnerships to further enhance the operations. These efforts signify the company’s commitment to improving customer experience and strengthening market position. The company is optimistic about the opportunities that lie ahead and is focusing on offering expedited deliveries across the country. Revenue during the quarter increased by 8.7% YoY, while EBITDA grew by 13.4% YoY. EBITDA margin during the quarter improved by 70 bps YoY at 17.1%. Net profit during the quarter grew by 12% YoY. The volumes have continued to grow with 9.5% growth in shipments and 4.4% growth in weights during the FY24. *Positive on Blue Dart Express ltd. given the strong 4QFY24 performance.*

Stocks Picker Articles

07 May 2024 04:53

*Stocks in News*


*Gujarat Gas:* Profit at Rs 409.5 cr vs poll of Rs 326.0 cr, Revenue at Rs 4134.0 cr vs poll of Rs 4076.0 cr (Positive)

*Arvind Smartspaces:* Q4 profit at Rs 19.5 crore up by 86.1 % YoY, Revenue at Rs. 117 crore, up by 26.6 % YoY.
(Positive)

*Muthoot MicroFin:* Disbursals up 18% at ₹2,887.9 cr vs ₹2,447.5 cr, AUM up 32.4% at ₹12,193.5 cr vs ₹9,208.3 cr (YoY) (Positive)

*GHCL Textiles:* Revenues at Rs 286 Crores Vs Rs 244 Crores, Profit at Rs 10.26 Crores Vs Loss of Rs 0.01 Crores (YoY) (Positive)

*Selan:* Profit at Rs 12.2 cr vs Rs 5.4 cr, Revenue at Rs 56.3 cr vs poll of Rs 27.6 cr YoY (Positive)

*Fusion Micro:* Net Profit 1.33b Rupees Vs 1.15b, NII at Rs 646 cr vs Rs 501 cr (QoQ) (Positive)

*Wipro:* Company collaborates with Microsoft for Gen AI products (Positive)

*Orient Electric:* Company starts commercial production from greenfield manufacturing plant at Hyderabad, Telangana: (Positive)

*Lupin:* Company gets US FDA approval for Travoprost Ophthalmic Solution USP. (Positive)

*HPCL:* Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)

*BPCL:* Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)

*Coromandel International:* Company announced an increase in its investment in Ecozen, a climate-smart technology solutions provider. (Positive)

*Olectra Green:* Company has achieved a milestone by surpassing 10,000 units in its e-bus order book. (Positive)

*Drone Destination:* Company & IFFCO signs MOA to collaborate for drone spray over an area of up to 30 lakh acres (Positive)

*Campus:* India Ratings Upgrades Bank Facilities to ‘IND AA-’/Stable from ‘IND A+’/Positive (Positive)

*Mastek:* Announced its iConniX portfolio to enable Gen AI-led innovation across industries (Positive)

*Tube Investment:* Subsidiary TI Clean Mobility Private Limited entered into Securities Subscription Agreement with South Asia Growth lnvest lll LLC and South Asia EBT Trust lll for subscription (Positive)

*Apcotex Inds:* Net profit at Rs 15.31 crore vs Rs 23.21 crore down by 34 % YoY, Revenue at Rs. 311 crore, up by 21.3 % YoY. (Neutral)

*Godrej CP:* Operating Profit at Rs 785.0 cr vs poll of Rs 731.0 cr, Revenue at Rs 3385.0 cr vs poll of Rs 3327.0 cr (Neutral)

*Lupin:* Net profit at ₹359.4 cr vs poll of ₹498.9 cr, Revenue at Rs 4960 cr vs Rs 4430 cr (YoY). (Neutral)

*Hindalco:* Novelis: Net Income Excluding Special Items Up 2%; Adjusted EBITDA Up 28% YoY. (Neutral)

*CG Power:* Net profit at Rs 233.81 crore, down 45.14% year-on-year. Revenue up 15.18 % YoY. (Neutral)

*Zee Media:* Company announces cessation of Abhay Ojha as CEO (Neutral)

*M&M Financial:* April collection efficiency at 89%, Stage-3 & Stage-2 assets range bound MoM; April overall disbursement at ₹3,930 cr, up 4% (Neutral)

*GHCL:* Company approved Greenfield project for soda ash annual production capacity of 5.5M ton in Gujarat for 40B rupees (Neutral)

*Bajaj Healthcare:* Company appoints Dayashankar Patel as CFO of the company w.e.f. May 6, 2024 (Neutral)

*Tamilnad Mercantile Bank:* Hikes lending rates by 10-15 bps across tenures. (Neutral)

*P&G Hygiene:* MD LV Vaidyanathan Resigns – To pursue other interests (Neutral)

*Solara Active:* Meeting of the Rights Issue Committee of the Board on 9th May to consider Right issue (Neutral)

*LTIMindtree:* Company gets GST demand order of ₹155.7 cr for FY 2018-19 (Negative)

*Route Mobile:* Net profit at Rs 95.16 crore, down 8.5 % YoY. Revenue up 0.8% YoY. (Negative)

*GHCL: Net Profit at Rs. 125 Cr vs Rs. 218 cr, Revenue at Rs. 820 crore vs Rs. 1119 crore YoY. (Negative)

*DCM Shriram:* Net profit down 36.9% at ₹117.8 cr vs ₹186.7, Revenue down 11.8% at ₹2,399.3 cr vs ₹2,720 cr (YoY) (Negative)

*KEC Int:* ICRA Limited revised of the credit ratings to the Company’s Banking facilities. Assigns [ICRA] A+ (Stable) Downgraded from [ICRA]AA- (Negative)

Stocks Picker Articles

06 May 2024 05:25

Forthcoming Event

06th May: AEROFLEX, ALLSEC, APCOTEXIND, ARVIND, ARVSMART, BOMDYEING, CHEMCRUX, DCMSHRIRAM, FLUOROCHEM, GHCL, GHCLTEXTIL, GODREJCP, GRINDWELL, GUJGASLTD, HAPPSTMNDS, INDIANB, KAMDHENU, KPT, LUPIN, PRUDENT, PUNJABCHEM, ROUTE, SMRUTHIORG, STYRENIX, UTTAMSUGAR to consider Dividend; Clara Industries to consider Dividend & Bonus issue; AKM Creations, GV Films, Shree Ram Proteins to consider Fund Raising; Dipna Pharmachem to consider Fund Raising, Bonus issue & Stock Split

07th May: BIGBLOC, CENTURYTEX, CHAMBLFERT, CREDITACC, DELTACORP, DRREDDY, FREDUN, GRAPHITE, HIL, HINDZINC, HMVL, IGL, INFOBEAN, IRB, JINDALSAW, KAJARIACER, KEC, MANCREDIT, NAVINFLUOR, ORIENTBELL, PROTEAN, RANEENGINE, SASKEN, SONATSOFTW, SRF, UBL, VOLTAS to consider Dividend; JSW Energy, Jupiter Wagons, Suraj Estate Developers to consider Dividend & Fund Raising; Bhartiya International, Franklin Industries to consider Fund Raising

08th May: ACGL, BALAMINES, BHARATFORG, BSE, CANBK, CGCL, DATAMATICS, DUTRON, GODREJAGRO, GREAVESCOT, GSPL, HEROMOTOCO, HGINFRA, KIRLOSENG, KPIL, LT, NATHBIOGEN, PATINTLOG, PEL, SKFINDIA, STLTECH, SULA, TATAPOWER, VIJAYA, WEALTH to consider Dividend; India Shelter Finance Corporation, Satin Creditcare Network, Shrem Invit, Peninsula Land, DSJ Keep Learning to consider Fund Raising; Bajaj Consumer Care to consider Buyback; ESAF Small Finance Bank, Home First Finance Company India to consider Dividend & Fund Raising; Ontic Finserve to consider Reduction of Capital

09th May: ABBOTINDIA, ADFFOODS, AJMERA, ALKYLAMINE, APLLTD, ASIANPAINT, BPCL, CAMS, CAPITALSFB, CARERATING, ESCORTS, HIKAL, HINDPETRO, INTELLECT, JASH, KENNAMET, MGL, NAVNETEDUL, NITINSPIN, NXST, ORIENTELEC, PNB, QUESS, RELAXO, SATINDLTD, SBIN, SHANTIGEAR, STOVACQ, SUTLEJTEX, TIMKEN, TRISHAKT, TVSELECT, VENUSPIPES, VSTTILLERS, VTL, WALCHPF, ZODIACVEN to consider Dividend; Rushil Décor, Share India Securities to consider Dividend & Stock Split; Healthy Life Agritec to consider Fund Raising

10th May: AARTIIND, AMIORG, ARTEMISMED, BANKBARODA, BANKINDIA, BIRLACABLE, CIPLA, DBL, EICHERMOT, FINEORG, FINPIPE, GESHIP, HESTERBIO, JTLIND, KALYANKJIL, KSL, LALPATHLAB, MANAKCOAT, NCLIND, NETTLINX, NEULANDLAB, NITTAGELA, NOVARTIND, POLYCAB, PPLPHARMA, PSB, ROSEMER, SAGARSOFT, SHARDACROP, SHREYANIND, SILINV, STERTOOLS, TATAMOTORS, TATAMTRDVR, TCIEXP, THERMAX, TRANSCOR, UNIABEXAL, UNIONBANK, VENKEYS to consider Dividend; Avonmore Capital & Management Services to consider Stock Split; Ashirwad Capital to consider Bonus issue; Indo Thai Securities, Syrma SGS Technology to consider Dividend & Fund Raising; BFL Asset Finvest to consider Fund Raising

11th May: APLAPOLLO, CCL, DLINKINDIA, GUJCONT, ITDC, SIYSIL, TVSSRICHAK to consider Dividend;

12th May: JK Cement to consider Dividend & Fund Raising

13th May: ALEMBICLTD, ASHIKA, AVADHSUGAR, CERA, KARURVYSYA, MAPMYINDIA, NELCAST, SAINTGOBAIN, SHRIPISTON, UPL to consider Dividend; GIC Housing Finance, Tube Investments of India to consider Dividend & Fund Raising; Jamshri Realty to consider Stock Split

14th May: APARINDS, BASF, COLPAL, DALMIASUG, INDAG, JUBLINGREA, KDDL, MAGADSUGAR, MATRIMONY, NILKAMAL, RADICO, SHREECEM, SHYAMMETL, THEMISMED, VMART to consider Dividend; Andhra Paper to consider Dividend & Stock Split; Bajaj Electricals, Repco Home Finance to consider Dividend & Fund Raising

15th May: CLEAN, GRANULES, HONAUT, ICRA, JTEKTINDIA, JYOTHYLAB, LICHSGFIN, MUKANDLTD, NIRLON, RANEHOLDIN, RVNL, SICAGEN, THOMASCOOK, TIRUMALCHM to consider Dividend;

16th May: AKZOINDIA, BIOCON, CONCOR, CROMPTON, EMKAY, ENDURANCE, MSUMI, ULTRAMAR, VGUARD to consider Dividend; Sanghvi Movers to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement

17th May: BBL, GLAXO, LOYALTEX, MINDTECK, NHPC, POLYMED, TVTODAY, to consider Dividend; Centrum Capital to consider Fund Raising

18th May: IFGLEXPOR, TIDEWATER to consider Dividend;

Stocks Picker Articles

06 May 2024 04:48

Bulk Deal & Insider Trade Update

Bulk Deals
*Yes Bank Limited : Ca Basque Investments Sell 594000000 Shares @ Rs. 24.27
*Yes Bank Limited : Goldman Sachs (Singapore) Pte.- Odi Buy 369243945 Shares @ Rs. 24.26
*Gravita India Limited : Abudhabi Investment Authority Monsoon (Iedpasive/Emiindia) Buy 750000 Shares @ Rs. 934.4
*Grasim Industries Limited : Morgan Stanley Asia Singapore Pte Buy 319113 Shares @ Rs. 1202.05
*Grasim Industries Limited : Mirae Asset Mutual Fund Sell 300000 Shares @ Rs. 1200.58
*Delaplex Limited : Chanakya Opportunities Fund I Sell 52200 Shares @ Rs. 232

Insider Trade
*Acquisition*
* Promoter & Director Acquisition 2500000 shares of Vashu Bhagnani Industries Ltd
* Promoter Acquisition 5500000 shares of Hi-Tech Pipes Ltd

*Disposal*
* Minesh V Modi Promoter Disposal 6337 shares of Netlink Solutions (India) Ltd. on 02-May-24
* Param Kamlesh Kapadia Promoter Group Disposal 12173 shares of Sterling Powergensys Limited on 02-May-24
* GRANDEUR CORPORATION PRIVATE LIMITED Promoter Group Disposal 700000 shares of Nb Footwear Ltd. on 02-May-24
* WARDWIZARD SOLUTIONS INDIA PRIVATE LIMITED Promoter Disposal 2345000 shares of Wardwizard Innovations & Mobility Ltd on 30-Apr-24
* Promoter Disposal 58542701 shares of Sbfc Finance Ltd

*Revoke*
* SHREE KISHORIJU TRADING AND INVESTMENT PRIVATE LIMITED Promoter Revoke 162400 shares of Mangalam Drugs & Organics Ltd. on 26-Apr-24

Dividend Update
*CMI FPE Ltd. Final Dividend Rs. 7 Ex Date 06-May-2024

*Result Today*
Lupin Ltd.
Marico Ltd.
Gujarat Gas Ltd.
Grindwell Norton Ltd.
Happiest Minds Technologies Ltd.
Fusion Micro Finance Ltd.
GHCL Ltd.
Muthoot Microfin Ltd.
Bombay Dyeing And Manufacturing Company Ltd.
Apcotex Industries Ltd.
Kamdhenu Ltd.
Punjab Chemicals & Crop Protection Ltd.
GHCL Textiles Ltd.

Stocks Picker Articles

13 May 2024 04:59

Bulk Deal & Insider Trade Update

Bulk Deals
*Tijaria : Nav Capital Vcc - Nav Capital Emerging Star Fund Buy 175482 Shares @ Rs. 24.44

Insider Trade
*Acquisition*
* Promoter Group Acquisition 128845 shares of Bharat Wire Ropes Ltd
* Promoter Acquisition 2204435 shares of Lloyds Engineering Works Ltd
* Promoter Acquisition 30000000 shares of Royal India Corporation Limited
* Promoter Group Acquisition 1670000 shares of Raaj Medisafe India Ltd.
* Promoter Acquisition 577975 shares of Padam Cotton Yarns Ltd.

*Disposal*
* Promoter Disposal 1208556 shares of Igc Industries Ltd
* Vizag Profiles Private Limited Promoter Group Disposal 5900000 shares of Steel Exchange India Ltd. on 10-May-24
* Promoter Disposal 36414286 shares of Route Mobile Ltd
* Director Disposal 13252 shares of Avenue Supermarts Ltd
* Promoter Disposal 3192376 shares of Wardwizard Innovations & Mobility Ltd
* Promoter Disposal 2204435 shares of Lloyds Enterprises Ltd
* Param Kamlesh Kapadia Promoter Group Disposal 544 shares of Sterling Powergensys Limited on 09-May-24
* GRANDEUR CORPORATION PRIVATE LIMITED Promoter Group Disposal 200000 shares of Nb Footwear Ltd. on 09-May-24
* Promoter Disposal 577975 shares of Padam Cotton Yarns Ltd.

*Pledge*
* Umashiv Garments Private Limited Promoter Group Pledge 9800000 shares of Steel Exchange India Ltd. on 09-May-24
* Lunolux Limited Promoter Pledge 64950000 shares of Eureka Forbes Ltd on 07-May-24
* Promoter & Director Pledge 1000000 shares of Apollo Micro Systems Ltd
* ABT INVESTMENTS INDIA PRIVATE LIMITED Promoter Group Pledge 4285714 shares of Sakthi Sugars Ltd. on 08-May-24

Dividend Update
*Standard Capital Markets Ltd. Special Dividend Rs. 0.01 Ex Date 13-May-2024

*Result Today*
Varun Beverages Ltd.
Tube Investments of India Ltd.
Aditya Birla Capital Ltd.
UPL Ltd.
Sanofi India Ltd.
Chalet Hotels Ltd.
Karur Vysya Bank Ltd.
Inox India Ltd.
CE Info Systems Ltd.
Cera Sanitaryware Ltd.
Shriram Pistons & Rings Ltd
Ethos Ltd.
Aarti Pharmalabs Ltd.
Bombay Super Hybrid Seeds Ltd.
Alembic Ltd.
Yasho Industries Ltd.
John Cockerill India Ltd
Nelcast Ltd.
Saint-Gobain Sekurit India Ltd.
GIC Housing Finance Ltd.
Avadh Sugar & Energy Ltd.
Ind-Swift Laboratories Ltd.
Captain Pipes Ltd.

Stocks Picker Articles

13 May 2024 04:57

*Aditya Birla Fashion:* Company arm, Clothing Retail, allots shares worth Rs 100 crore to company. (Neutral)

*JSW Steel:* April crude steel production up 0.4% YoY at 21.21 lakh tonnes, (Neutral)

*Aurobindo Pharma:* U.S. FDA completes inspection at Unit VII of Apitoria Pharma with 1 observation (Neutral)

*Bharat Petroleum:* Company expects petrol demand growth to be 5% in the near term. (Neutral)

*Wipro:* Company appoints Vinay Firake as CEO for APMEA Strategic Market Unit. (Neutral)

*Vedanta:* Company unit buys additional 46.57% in Avanstrate for JPY12.2 bn (Neutral)

*CDSL:* The transaction charges of CDSL have been cut by 12% on weighted average basis (Neutral)

*Prestige Estate:* Company’s Venkata Narayana K resigns as CEO (Negative)

*PSB:* Net profit down 70% at Rs 139.4 cr vs Rs 457 cr, NII up 1% at Rs 689.3 cr vs Rs 683.8 cr (YoY) (Negative)

*Neuland Labs:* Net profit down 20% at Rs 67.6 cr vs Rs 84.5 cr, Revenue down 5.4% at Rs 385 cr vs Rs 407 cr (YoY) (Negative)

*TCI Express:* Net profit down 17.9% at Rs 31.6 cr vs Rs 38.5 cr, Revenue down 2.8% at Rs 317.1 cr vs Rs 326.3 cr (YoY) (Negative)

*VIP Ind:* Net loss at Rs 24 cr vs Rs 4 cr, Revenue up 14.6% at Rs 516 cr vs Rs 451 cr (YoY) (Negative)

*APL Apollo:* Net Profit Down 15.6% At Rs 170.4 Cr Vs Rs 201.8 Cr, Revenue Up 7.6% At Rs 4,765.7 Cr Vs Rs 4,431 Cr (YoY) (Negative)

*Meghmani Organics:* Net Loss At Rs 18 Cr Vs Profit Of Rs 54.1 Cr,-Revenue Down 29% At Rs 410 Cr Vs Rs 574 Cr (YoY) (Negative)

*Fortis Healthcare;* Company receives notice from CBI and Anti-corruption branch (Negative)

Stocks Picker Articles

10 May 2024 05:44

Forthcoming Event

10th May: AARTIIND, AMIORG, ARTEMISMED, BANKBARODA, BANKINDIA, BIRLACABLE, CIPLA, DBL, EICHERMOT, FINEORG, FINPIPE, GESHIP, HESTERBIO, JTLIND, KALYANKJIL, KSL, LALPATHLAB, MANAKCOAT, NCLIND, NETTLINX, NEULANDLAB, NITTAGELA, NOVARTIND, POLYCAB, PPLPHARMA, PSB, ROSEMER, SAGARSOFT, SHARDACROP, SHREYANIND, SILINV, STERTOOLS, TATAMOTORS, TATAMTRDVR, TCIEXP, THERMAX, TRANSCOR, UNIABEXAL, UNIONBANK, VENKEYS to consider Dividend; Avonmore Capital & Management Services to consider Stock Split; Ashirwad Capital to consider Bonus issue; Indo Thai Securities, Syrma SGS Technology to consider Dividend & Fund Raising; BFL Asset Finvest to consider Fund Raising

11th May: APLAPOLLO, CCL, DLINKINDIA, GUJCONT, ITDC, SIYSIL, TVSSRICHAK to consider Dividend;

12th May: JK Cement to consider Dividend & Fund Raising

13th May: ALEMBICLTD, ASHIKA, AVADHSUGAR, CERA, KARURVYSYA, MAPMYINDIA, NELCAST, SAINTGOBAIN, SHRIPISTON, UPL to consider Dividend; GIC Housing Finance, Tube Investments of India to consider Dividend & Fund Raising; Jamshri Realty to consider Stock Split

14th May: APARINDS, BASF, COLPAL, DALMIASUG, INDAG, JUBLINGREA, KDDL, MAGADSUGAR, MATRIMONY, NILKAMAL, RADICO, SHREECEM, SHYAMMETL, THEMISMED, VMART to consider Dividend; Andhra Paper to consider Dividend & Stock Split; Bajaj Electricals, Repco Home Finance, Nilkamal, Oberoi Realty to consider Dividend & Fund Raising;

15th May: CLEAN, GRANULES, HONAUT, ICRA, JTEKTINDIA, JYOTHYLAB, LICHSGFIN, MUKANDLTD, NIRLON, RANEHOLDIN, RVNL, SICAGEN, THOMASCOOK, TIRUMALCHM to consider Dividend; Pitti Engineering to consider Dividend & Fund Raising

16th May: AKZOINDIA, BIOCON, CONCOR, CROMPTON, EMKAY, ENDURANCE, MSUMI, ULTRAMAR, VGUARD to consider Dividend; Sanghvi Movers, eClerx Services to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement;

17th May: BBL, GLAXO, LOYALTEX, MINDTECK, NHPC, POLYMED, TVTODAY, to consider Dividend; Centrum Capital to consider Fund Raising

18th May: IFGLEXPOR, TIDEWATER to consider Dividend;

Stocks Picker Articles

10 May 2024 05:00

Bulk Deal & Insider Trade Update

Bulk Deals
*India Grid Trust : L And T Employees Welfare Foundation Private Limited Sell 5661769 Shares @ Rs. 134.75
*India Grid Trust : Larsen & Toubro Limited Buy 5642192 Shares @ Rs. 134.75

Insider Trade
*Acquisition*
* Sapnesh Kumar Lalla Director Acquisition 30000 shares of Niit Ltd. on 07-May-24
* Promoter Group Acquisition 625601 shares of Kamat Hotels (India) Ltd.
* Promoter Group Acquisition 29533 shares of Visco Trade Associates Ltd

*Disposal*
* Param Kamlesh Kapadia Promoter Group Disposal 938 shares of Sterling Powergensys Limited on 08-May-24
* Promoter Group Disposal 402000 shares of Usha Martin Ltd.
* LIMITED Promoter Group Disposal 600000 shares of Nb Footwear Ltd.
* B.Antony Raja Promoter & Director Disposal 10000 shares of Odyssey Technologies Ltd.-$ on 06-May-24
* Reema Saroya Director Disposal 36125 shares of Osiajee Texfab Ltd on 29-Apr-24
* IGNATIUS NAVIL NORONHA Director Disposal 10000 shares of Avenue Supermarts Ltd on 08-May-24
* MAYURKUMAR MANSUKHBHAI GAJERA Promoter & Director Disposal 45000 shares of Trident Lifeline Ltd on 06-May-24

*Invoke*
* Arun Govil Promoter Invoke 20000000 shares of Ducon Infratechnologies Ltd on 06-May-24

Dividend Update
*Aptech Ltd. Dividend Rs. 4.5 Ex Date 10-May-2024
*DCB Bank Ltd. Dividend Rs. 1.25 Ex Date 10-May-2024
*Gujarat Intrux Ltd. Interim Dividend Rs. 7 Ex Date 10-May-2024
*HDFC Bank Ltd. Final Dividend Rs. 19.5 Ex Date 10-May-2024
*Bank Of Maharashtra Final Dividend Rs. 1.4 Ex Date 10-May-2024
*Ramkrishna Forgings Ltd. Interim Dividend Rs. 1 Ex Date 10-May-2024
*Transformers & Rectifiers (India) Ltd. Dividend Rs. 0.2 Ex Date 10-May-2024
*UCO Bank Final Dividend Rs. 0.28 Ex Date 10-May-2024

*Result Today*
Tata Motors Ltd.
ABB India Ltd.
Bank Of Baroda
Union Bank Of India
Cipla Ltd.
Eicher Motors Ltd.
Polycab India Ltd.
Bank Of India
Thermax Ltd.
Kalyan Jewellers India Ltd.
Punjab & Sind Bank
Tata Motors Ltd. - DVR Ordinary
Aarti Industries Ltd.
Cholamandalam Financial Holdings Ltd.
Dr. Lal Pathlabs Ltd.
Waaree Renewable Technologies Ltd.
Piramal Pharma Ltd.
Nuvama Wealth Management Ltd.
Finolex Industries Ltd.
The Great Eastern Shipping Company Ltd.
Fine Organic Industries Ltd.
Sapphire Foods India Ltd.
Syrma SGS Technology Ltd.
Neuland Laboratories Ltd.
Jupiter Life Line Hospitals Ltd.
VIP Industries Ltd.
Dilip Buildcon Ltd.
Bajaj Hindusthan Sugar Ltd.
AMI Organics Ltd.
TCI Express Ltd.
Kalyani Steels Ltd.
JTL Industries Ltd
Sharda Cropchem Ltd.
Sundaram-Clayton Ltd.
ISMT Ltd.
Novartis India Ltd.
Venky'S (India) Ltd.
Artemis Medicare Services Ltd.
Sangam (India) Ltd.
Subex Ltd.
Hester Biosciences Ltd.
Sterling Tools Ltd.
Blue Cloud Softech Solutions Ltd.
Remedium Lifecare Ltd.
Repro India Ltd.
Systematix Corporate Services Ltd.
NCL Industries Ltd.
Spencer's Retail Ltd.
Nitta Gelatin India Ltd.
The Investment Trust of India Ltd.
Birla Cable Ltd.
Menon Bearings Ltd.
Jaykay Enterprises Ltd.
STEL Holdings Ltd.
Uni Abex Alloy Products Ltd.
SIL Investments Ltd.
Prevest Denpro Ltd.
Suraj Ltd.
Sarla Performance Fibers Ltd.
Inspirisys Solutions Ltd.
Rajnandini Metal Ltd.
Shreyans Industries Ltd.
Indo Thai Securities Ltd.
Nettlinx Ltd.
Manaksia Coated Metals & Industries Ltd.

Stocks Picker Articles

10 May 2024 04:59

*Fund Houses Recommendations*


Nomura on *State Bank:* Maintain Buy on Bank, raise target price at Rs 1000/sh versus Rs 825/Sh (Positive)

DAM on *State Bank:* Maintain Buy on Bank, raise target price at Rs 910/sh versus Rs 730/Sh (Positive)

ICICI on *State Bank:* Maintain Buy on Bank, raise target price at Rs 980/sh versus Rs 780/Sh (Positive)

Kotak on *State Bank:* Maintain Buy on Bank, raise target price at Rs 950/sh versus Rs 850/Sh (Positive)

Haitong on *State Bank:* Maintain Buy on Bank, raise target price at Rs 1000/sh versus Rs 782/Sh (Positive)

HSBC on *State Bank:* Maintain Hold on Bank, raise target price at Rs 950/Sh (Positive)

Incred on *State Bank:* Maintain Hold on Bank, raise target price at Rs 1000/Sh (Positive)

Nuvama on *Vijaya Diagnostics:* Maintain Buy on Company, target price at Rs 910/sh (Positive)

MS on *Cyient:* Maintain Overweight on Company, target price at Rs 2250/sh (Positive)

Citi on *BPCL:* Maintain Buy on Company, target price at Rs 760/sh (Positive)

Investec on *Sapphire:* Initiate Buy on Company, target price at Rs 1666/Sh (Positive)

GS on *Shriram Fin:* Maintain Buy on Company, target price at Rs 2864/sh (Positive)

UBS on *SRF:* Maintain Buy on Company, cut target price at Rs 2700/Sh (Neutral)

Jefferies on *SRF:* Maintain Underperform on Company, target price at Rs 2085/Sh (Neutral)

MS on *SRF:* Maintain Overweight on Company, target price at Rs 2555/sh (Neutral)

MOSL on *SRF:* Maintain Neutral on Company, target price at Rs 2100/sh (Neutral)

Citi on *HPCL:* Maintain Buy on Company, cut target price at Rs 630/sh (Neutral)

MS on *PNB:* Maintain Underweight on Bank, target price at Rs 70/sh (Neutral)

Citi on *State Bank:* Maintain Sell on Bank, raise target price at Rs 701/Sh (Neutral)

Jefferies on *State Bank:* Maintain Sell on Bank, target price at Rs 810/Sh (Neutral)

Bernsteinon *State Bank:* Maintain Market perform on Bank, raise target price at Rs 780/Sh (Neutral)

Citi on *Asian Paints:* Maintain Sell on Company, target price at Rs 2600/sh (Neutral)

Investec on *Asian Paints:* Maintain Sell on Company, cut target price at Rs 2660/sh (Neutral)

HSBC on *Tata Power:* Downgrade to Reduce on Company, raise target price at Rs 300/sh (Neutral)

GS on *M&M Fin:* Downgrade to Sell on Company, cut target price at Rs 233/sh (Negative)

BofA on *UBL:* Downgrade to Underperform on Company, cut target price at Rs 1850/sh (Negative)

CLSA on *Sula Vineyards:* Downgrade to Underperform on Company, cut target price at Rs 515/sh (Negative)

Stocks Picker Articles

09 May 2024 04:57

Bulk Deal & Insider Trade Update

Bulk Deals
*Chennai Petroleum Corp : Polunin Emerging Markets Small Cap Fund Llc Sell 787520 Shares @ Rs. 887.16
*Delta : Nav Capital Vcc - Nav Capital Emerging Star Fund Buy 35040 Shares @ Rs. 47.78

Insider Trade
*Acquisition*
* VASHU BHAGNANI Promoter & Director Acquisition 3600000 shares of Vashu Bhagnani Industries Ltd on 06-May-24
* Promoter Acquisition 90000 shares of Mrp Agro Ltd

*Disposal*
* Param Kamlesh Kapadia Promoter Group Disposal 119 shares of Sterling Powergensys Limited on 07-May-24
* Ritika Vegetable Oil Private Limited Promoter Group Disposal 47450 shares of Sarda Proteins Ltd.
* GRANDEUR CORPORATION PRIVATE LIMITED Promoter Group Disposal 200000 shares of Nb Footwear Ltd. on 06-May-24
* Bhupendra Vadilal Shah Director Disposal 2516 shares of K.P. Energy Ltd on 07-May-24

*Pledge*
* Kalpathi S Ganesh Promoter & Director Pledge 600000 shares of Veranda Learning Solutions Ltd

*Revoke*
* Gautam S. Adani & Rajesh S. Adani On behalf of S.B. Adani Family Trust Promoter Group Revoke 148797834 shares of Adani Power Ltd. on 07-May-24
Dividend Update
*GM Breweries Ltd. Final Dividend Rs. 7 Ex Date 09-May-2024

*Result Today*
State Bank Of India
Asian Paints Ltd.
Punjab National Bank
Bharat Petroleum Corporation Ltd.
Indian Overseas Bank
Hindustan Petroleum Corporation Ltd.
Abbott India Ltd.
Escorts Kubota Ltd.
Timken India Ltd.
Relaxo Footwears Ltd.
Alembic Pharmaceuticals Ltd.
TVS Holdings Ltd.
Computer Age Management Services Ltd.
Intellect Design Arena Ltd.
Mahanagar Gas Ltd.
Vardhman Textiles Ltd.
Alkyl Amines Chemicals Ltd.
Quess Corp Ltd.
Share India Securities Ltd.
Rain Industries Ltd.
Kennametal India Ltd.
Orient Electric Ltd.
Shanthi Gears Ltd.
Gopal Snacks Ltd.
Venus Pipes & Tubes Ltd.
Hikal Ltd.
Care Ratings Ltd.
Vertoz Advertising Ltd.
Navneet Education Ltd.
V.S.T. Tillers Tractors Ltd.
Ajmera Realty & Infra India Ltd.
Vakrangee Ltd.
ADF Foods Ltd.
Jash Engineering Ltd.
Nitin Spinners Ltd.
Suryoday Small Finance Bank Ltd.
Capital Small Finance Bank Ltd.
Rane (Madras) Ltd.
Sat Industries Ltd.
Sar Auto Products Ltd.
Sutlej Textiles And Industries Ltd.
Rushil Decor Ltd.
TVS Electronics Ltd.
Stovec Industries Ltd.
Shemaroo Entertainment Ltd.
DIC India Ltd.
Medico Remedies Ltd.
PIL ITALICA Lifestyle Ltd.
Nila Spaces Ltd.
Maral Overseas Ltd.
Par Drugs And Chemicals Ltd.
Kapston Services Ltd.
ASI Industries Ltd.

Stocks Picker Articles

09 May 2024 04:51

*Fund Houses Recommendations*


Nomura on *HAL:* Initiate Buy on Company, raise target price at Rs 4750/sh (Positive)

Nomura on *BEL:* Initiate Buy on Company, raise target price at Rs 300/sh (Positive)

Emkay on *Hero Motocorp:* Maintain Buy on Company, raise target price at Rs 6000/sh (Positive)

Jefferies on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 5650/sh (Positive)

BofA on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 5400/sh (Positive)

Citi on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 5500/sh (Positive)

Citi on *Larsen:* Maintain Buy on Company, target price at Rs 4396/sh (Positive)

Jefferies on *TVS Motors:* Maintain Buy on Company, target price at Rs 2525/Sh (Positive)

Citi on *Voltas:* Maintain Buy on Company, raise target price at Rs 1628/sh (Positive)

Citi on *IGL:* Maintain Buy on Company, target price at Rs 550/Sh (Positive)

CLSA on *HCL Tech:* Maintain Buy on Company, target price at Rs 1524/sh (Positive)

Citi on *TVS Motors:* Maintain Sell on Company, target price at Rs 1550/Sh (Neutral)

GS on *TVS Motors:* Maintain Neutral on Company, target price at Rs 2250/Sh (Neutral)

Bernstein on *TVS Motors:* Maintain Market perform on Company, target price at Rs 2050/sh (Neutral)

CLSA on *TCS:* Maintain Underperform on Company, target price at Rs 3868/sh (Neutral)

CLSA on *Bharat Forge:* Maintain Underperform on Company, target price at Rs 1075/sh (Neutral)

Citi on *Bharat Forge:* Maintain Sell on Company, raise target price at Rs 850/sh (Neutral)

Jefferies on *Bharat Forge:* Maintain Underperform on Company, raise target price at Rs 785/sh (Neutral)

Jefferies on *BSE:* Maintain Hold on Company, target price at Rs 3100/Sh (Neutral)

Nuvama on *GSPL:* Maintain Hold on Company, target price at Rs 288/Sh (Neutral)

Nuvama on *KEC:* Maintain Hold on Company, target price at Rs 829/Sh (Neutral)

Emkay on *IGL:* Maintain Reduce on Company, target price at Rs 440/Sh (Neutral)

Nomura on *Gujarat Gas:* Maintain Reduce on Company, target price at Rs 450/Sh (Neutral)

CLSA on *Hero Motocorp:* Maintain Outperform on Company, target price at Rs 5280/sh (Neutral)

CLSA on *Tata Power:* Maintain Sell on Company, target price at Rs 297/sh (Neutral)

CLSA on *Larsen:* Maintain Buy on Company, cut target price at Rs 4151/sh (Neutral)

Bernstein on *Larsen:* Maintain Outperform on Company, target price at Rs 3800/sh (Neutral)

Kotak on *Larsen:* Maintain Sell on Company, cut target price at Rs 3000/sh (Neutral)

Stocks Picker Articles

08 May 2024 05:13

*Fund Houses Recommendations*


Citi on *PB Fintech:* Maintain Buy on Company, raise target price at Rs 1435/sh (Positive)

Investec on *Godrej CP:* Maintain Buy on Company, raise target price at Rs 1431/sh (Positive)

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

Emkay on *Metropolis:* Initiate Buy on Company, target price at Rs 2200/sh (Positive)

Emkay on *Dr Lalpathlabs:* Initiate Buy on Company, target price at Rs 2800/sh (Positive)

Emkay on *Vijaya Diagnostics:* Initiate Add on Company, target price at Rs 725/sh (Positive)

Citi on *Navin:* Maintain Buy on Company, raise target price at Rs 3900/Sh (Positive)

GS on *Pidilite:* Maintain Buy on Company, target price at Rs 2850/sh (Positive)

Jefferies on *JSW Energy:* Maintain Buy on Company, target price at Rs 690/sh (Positive)

Nomura on *Dr Reddy:* Maintain Neutral on Company, target price at Rs 6499/Sh (Neutral)

Jefferies on *Dr Reddy:* Maintain Neutral on Company, cut target price at Rs 5170/Sh from Rs 5190/Sh (Neutral)

Jefferies on *Navin:* Maintain Hold on Company, target price at Rs 3070/Sh (Neutral)

MS on *Concor:* Maintain Equal weight on Company, target price at Rs 1076/sh (Neutral)

MS on *PB FIntech:* Maintain Equal weight on Company, target price at Rs 1010/sh (Neutral)

Citi on *Vodafone:* Maintain Neutral on Company, target price at Rs 15/Sh (Neutral)

Nuvama on *Vodafone:* Maintain Hold on Company, target price at Rs 14/Sh (Neutral)

CLSA on *Godrej CP:* Maintain Sell on Company, raise target price at Rs 1079/sh (Neutral)

MS on *SRF:* Maintain Overweight on Company, target price at Rs 2557/sh (Neutral)

Emkay on *Godrej CP:* Maintain Add on Company, target price at Rs 1350/sh (Neutral)

Nuvama on *CG Power:* Maintain Buy on Company, target price at Rs 640/Sh (Neutral)

Nomura on *M&M FIn:* Maintain Reduce on Company, target price at Rs 240/sh (Neutral)

Citi on *JSW Energy:* Maintain Sell on Company, target price at Rs 435/sh (Neutral)

Jefferies on *IGL:* Maintain Neutral on Company, target price at Rs 450/sh (Neutral)

UBS on *Max FIn:* Maintain Buy on Company, target price at Rs 1270/sh (Neutral)

HSBC on *Credit Access:* Maintain Buy on Company, cut target price at Rs 1800/sh (Neutral)

GS on *Credit Access:* Maintain Buy on Company, target price at Rs 1795/sh (Neutral)

Emkay on *Jubilant Food:* Maintain Sell on Company, target price at Rs 420/sh (Neutral)

Macquarie on *Pidilite:* Maintain Underperform on Company, target price at Rs 2300/sh (Neutral)

UBS on *Voltas:* Maintain Buy on Company, target price at Rs 1800/sh (Neutral)

Nomura on *Voltas:* Maintain Buy on Company, target price at Rs 1450/sh (Neutral)

MS on *Voltas:* Maintain Equal weight on Company, target price at Rs 1160/sh (Neutral)

Investec on *Voltas:* Maintain Hold on Company, target price at Rs 1100/sh (Neutral)

Macquarie on *Voltas:* Maintain Neutral on Company, cut target price at Rs 842/sh (Negative)

Stocks Picker Articles

08 May 2024 05:11

Stock in Action

Britannia Limited: Britannia ltd has registered strong financial performance for the 4Th Quarter FY’24. Total sales for the 4th quarter stood at Rs. 4,014 Cr, up by 3.1% as compared to the 4th quarter of the last fiscal year. For the full FY24 the sales stood at Rs. 16,546.21 Cr, up by 3.5% compared to FY’23 and the EBIDTA for the year stood at Rs. 3,169 Cr which is a growth of 12% as compared to FY23. Over the past 2 years, the company has shown revenue growth of 19% and 43% increase in their operating profits, which was a result of strategic pricing strategies which helped them gain market share. The company also expanded its distribution network by reaching approximately 27.9 lakh outlets directly and by adding 2000 rural distributors over the past year. Also, the company saw a double-digit growth in Modern Trade and Ecommerce segment of business during FY24. The company will focus on investing in their brand and carry on its competitive pricing strategies with an objective of driving market share while maintaining profits. Positive on Britannia Limited given its improvement in market share and management expectation of achieving double digit volume growth in FY25.

Kotak Mahindra Bank: Kotak Mahindra Bank has posted a steady and satisfactory performance in Q4FY24 under its new CEO. Advances growth remained strong at over 20% YoY and over 5% sequentially with high-yielding products such as credit cards, personal loans, MFI (micro finance), and commercial vehicles in leading roles. The share of unsecured loans is 11.8% of the book, having seen an improvement of 80 basis points in the past year. The bank intends to take this share to mid-teens. With a steep sequential growth of close to 10%, more than double the sequential growth in advances, the bank saw a meaningful moderation in its credit-to-deposit ratio. The YoY growth in deposits for FY24 was 23.6% with a major contribution from term deposits. The interest margin performance of the bank so far has been spectacular and Q4 saw a sequential improvement of 6 basis points in interest margin. The improvement mostly came on the back of a higher lending yield. Although slippage in FY24 was a tad higher compared to the previous fiscal, the bank managed to keep an overall pristine asset quality with gross and net NPA ratios at the end of FY24 at 1.39% and 0.34% respectively with a provision cover of 76% and negligible restructured assets. Positive on Kotak Mahindra Bank given the strong set of 4QFY24 earning performance.

Stocks Picker Articles

08 May 2024 04:44

*Stocks in News*


*Jupiter Wagons:* Net profit at Rs 105 crore, Revenue at Rs. 1115 crore, up by 57 % YoY. (Positive)

*PB Fintech:* Net profit at Rs 60.19 cr vs loss Rs. 9.34 crore, revenue at Rs 1,090 cr vs Rs. 869 crore (YoY) (Positive)

*Bigbloc Construction:* Net profit Rs. 8.7 crore vs Rs. 5.6 crore, Revenue Rs. 68 crore vs Rs. 46.6 crore (YOY). (Positive)

*IRB Infra:* Net profit up 45.1% at ₹188.9 cr vs ₹130.2 cr (YoY), Revenue up 27.2% at ₹2,061.2 cr vs ₹1,620 cr (YoY) (Positive)

*JSW Energy:* Net profit up 22.5% at ₹345.3 cr vs ₹282 cr, Revenue up 3.2% at ₹2,755.9 cr vs ₹2,670 cr (YoY) (Positive)

*Latent View:* Net profit up 32.2% at ₹45.2 cr vs ₹34.2 cr (YoY), revenue up21.7% at ₹171.6 cr vs ₹141 cr (Positive)

*Dixon:* Company signs agreement with Nokia for development & manufacturing of telecom products (Positive)

*Tata Elxsi:* Company partners w/Arm to offer solutions for ARM processors (Positive)

*Infosys:* Company and ServiceNow further collaborate for generative AI-powered industry solutions. (Positive)

*Tata Motors:*Company’s JLR April UK sales up 19% at 5,627 units Vs 4,722 units YoY. (Positive)

*Jindal Staliness':* Company supplies special alloy steel sheets in DRDO’s SMART system for navy. (Positive)

*LTI Mindtree:* IBM to set up joint generative AI centre of excellence in India. (Positive)

*Macro tech Developers:* Company will launch in this fiscal 17 housing projects, having a revenue potential of Rs 12,000 crore. (Positive)

*Patel Eng:* Company and JV partner emerge as lowest bidder for irrigation project worth Rs 343 crore. (Positive)

*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)

*Century Text:* Net Profit down 4.4%at ₹160.3 cr vs ₹167.7 cr (YoY), Revenue up 71.7% at ₹1,686 cr vs ₹982 cr (YoY). (Neutral)

*Kajaria:* Net profit down 5.2% at ₹102.4 cr vs ₹108 cr (YoY), Revenue up 3% at ₹1,241 cr vs ₹1,205 cr (YoY) (Neutral)

*IGL:* reports Q4 earnings, profit down 2.4% at ₹383 cr vs ₹392 cr (QoQ), Revenue up 1.3% at ₹3,597 cr vs ₹3,550 cr (QoQ) (Neutral)

*CreditAccess:* Net profit up 33.9% at ₹397 cr vs ₹296.6 cr, NII up 42.3% at ₹881 cr vs ₹619.2 cr (YoY). (Neutral)

*UBL:* Net profit at ₹81.6 cr vs poll of ₹114 cr, Board proposes a dividend of ₹10/sh and appoints Jorn Kersten as Chief Financial Officer of the company (Neutral)

*Delta Corp:* Net profit up 41.4% at ₹72.4 cr vs ₹51.2 cr, Revenue down 3% at ₹194.8 cr vs ₹214.3 cr (YoY) (Neutral)

*Dr Reddy:* Net profit reported at Rs 1310 crore versus poll of Rs 1325 crore, EBITDA Margins at 26.4% versus poll of 28.0% (Neutral)

*Sasken:* Net profit up 0.6% at ₹17.2 cr vs ₹17.1 cr, Revenue up 5.8% at ₹109 cr vs ₹103 cr (YoY) (Neutral)

*Pidilite:* Net profit at ₹304.3 cr vs poll of ₹415 cr, Revenue at ₹2,901.9 cr vs poll of ₹2,810 cr (Neutral)

*DrReddys:* Company elevates MV Narasimham to the role of CFO w.e.f. August 1 (Neutral)

*M&M:* NCLT approves merger of arms Mahindra Heavy Engines, Wheelers & Trringo with Mahindra & Mahindra (Neutral)

*Hindustan Zinc:* Company announced an interim dividend of Rs 10 per equity share for the financial year 2024-25 (Neutral)

*Navin Fluorine:* Net profit down 48.4% at ₹70.4 cr vs ₹136.4 cr (YoY), Revenue down 13.6% at ₹602 cr vs ₹697 cr (YoY) (Negative)

*Graphite:* Net profit down 45% at ₹16 cr vs ₹29 cr (YoY), Revenue down 12% at ₹720 cr vs ₹815 cr (YoY) (Negative)

*Voltas:* Net profit down 22.8% at ₹110.6 cr vs ₹143.2 cr (YoY), Revenue at ₹4,202.9 cr vs poll of ₹3,827 cr. (Negative)

*Chambal Fertilisers:* Net profit down 78.9% QoQ, revenue declines 39.2% (Negative)

*Suraj Estate:* Net profit up 17.6% QoQ, revenue down 5.3% (Negative)

Stocks Picker Articles

07 May 2024 05:34

Corporate Actions

Hindustan Petroleum Corporation board will consider a proposal for the recommendation of bonus equity shares on May 9.

Bharat Petroleum Corporation board will consider a proposal for the recommendation of bonus equity shares on May 9.

Dipna Pharmachem has approved the Split/ Sub-division of Equity Shares of the Company from face value of Rs. 10/- each to face value of Re. 1/- each subject to the approval of Shareholders of the Company.

Dividend

07-May-24
OFSS: Interim Dividend - Rs. - 240.00
HCLTECH: Interim Dividend - Rs. - 18.00
IRBINVIT: Income Distribution (InvIT)

08-May-24
LAURUSLABS: Interim Dividend - Rs. - 0.40

09-May-24
GMBREW: Final Dividend - Rs. - 7.00
MINDSPACE: Income Distribution RITES

10-May-24
MAHABANK: Final Dividend - Rs. - 1.40
GUJINTRX: Interim Dividend - Rs. - 7.00
APTECHT: Dividend - Rs. - 4.50
HDFCBANK: Final Dividend - Rs. - 19.50
DCBBANK: Dividend - Rs. - 1.25
UCOBANK: Final Dividend - Rs. - 0.28
RKFORGE: Interim Dividend - Rs. - 1.00
TRIL: Dividend - Rs. - 0.20

13-May-24
STANCAP: Special Dividend - Rs. - 0.01


IPO
Indegene: Open: 06-May-24; Close: 08-May-24
TBO Tek: Open: 08-May-24; Close: 10-May-24
Aadhar Housing Finance: Open: 08-May-24; Close: 10-May-24

Buyback
Ajanta Pharma: Ex-Date: 30-May-24

Bonus
--

Stock Split
Canara Bank: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

Right Issue
Scanpoint Geomatics: Open: 30-Apr-24; Close: 08-May-24
Til Ltd.: Open: 26-Apr-24; Close: 10-May-24
Savani Financials: Open: 02-May-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
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24

Stocks Picker Articles

07 May 2024 04:53

*Fund Houses Recommendations*


Jefferies on *Hindalco:* Maintain Buy on Company, raise target price at Rs 810/sh (Positive)

JP Morgan on *Hindalco:* Maintain Overweight on Company, raise target price at Rs 730/sh (Positive)

Nomura on *Cartrade:* Maintain Buy on Company, raise target price at Rs 982/sh (Positive)

Citi on *Cartrade:* Maintain Buy on Company, raise target price at Rs 950/sh (Positive)

Citi on *Marico:* Maintain Buy on Company, raise target price at Rs 610/sh (Positive)

Nuvama on *Marico:* Maintain Buy on Company, raise target price at Rs 640/sh (Positive)

Investec on *Marico:* Upgrade to Buy on Company, raise target price at Rs 616/sh (Positive)

Jefferies on *Godrej CP:* Maintain Buy on Company, target price at Rs 1520/sh (Positive)

JP Morgan on *Godrej CP:* Maintain Overweight on Company, target price at Rs 1300/sh (Positive)

Citi on *Britannia:* Maintain Buy on Company, target price at Rs 6000/sh (Positive)

MOSL on *M&M FIn:* Maintain Buy on Company, target price at Rs 325/sh (Positive)

MS on *Britannia:* Maintain Overweight on Company, target price at Rs 5243/sh (Positive)

MS on *Titagarh Rail:* Initiate Overweight on Company, target price at Rs 1285/sh (Positive)

Nomura on *Lupin:* Maintain Buy on Company, target price at Rs 1949/Sh (Positive)

Kotak on *Lupin:* Maintain Sell on Company, target price at Rs 1375/Sh (Neutral)

JP Morgan on *Lupin:* Maintain Neutral on Company, target price at Rs 1550/Sh (Neutral)

GS on *Britannia:* Maintain Neutral on Company, raise target price at Rs 5000/sh (Neutral)

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

Citi on *Gujarat Gas:* Maintain Sell on Company, target price at Rs 450/sh (Neutral)

JP Morgan on *Gujarat Gas:* Maintain Underweight on Company, raise target price at Rs 396/sh (Neutral)

Emkay on *Godrej CP:* Maintain Add on Company, target price at Rs 1350/sh (Neutral)

Nuvama on *CG Power:* Maintain Buy on Company, target price at Rs 640/Sh (Neutral)

Nomura on *M&M FIn:* Maintain Reduce on Company, target price at Rs 240/sh (Neutral)

Citi on *M&M FIn:* Maintain Neutral on Company, cut target price at Rs 290/sh (Neutral)

Jefferies on *M&M FIn:* Maintain Neutral on Company, cut target price at Rs 294/sh (Neutral)

Macquarie on *Indus Tower:* Downgrade to Underperform on Company, raise target price at Rs 265/sh (Neutral)

Stocks Picker Articles

06 May 2024 05:25

Corporate Actions

Dividend

06-May-24
COCKERILL: Final Dividend - Rs. - 7.00
EMBASSY: Income Distribution RITES

07-May-24
OFSS: Interim Dividend - Rs. - 240.00
HCLTECH: Interim Dividend - Rs. - 18.00
IRBINVIT: Income Distribution (InvIT)

08-May-24
LAURUSLABS: Interim Dividend - Rs. - 0.40

09-May-24
GMBREW: Final Dividend - Rs. - 7.00
MINDSPACE: Income Distribution RITES

10-May-24
MAHABANK: Final Dividend - Rs. - 1.40
GUJINTRX: Interim Dividend - Rs. - 7.00
APTECHT: Dividend - Rs. - 4.50
HDFCBANK: Final Dividend - Rs. - 19.50
DCBBANK: Dividend - Rs. - 1.25
UCOBANK: Final Dividend - Rs. - 0.28
RKFORGE: Interim Dividend - Rs. - 1.00
TRIL: Dividend - Rs. - 0.20

13-May-24
STANCAP: Special Dividend - Rs. - 0.01


IPO
Indegene: Open: 06-May-24; Close: 08-May-24
TBO Tek: Open: 08-May-24; Close: 10-May-24
Aadhar Housing Finance: Open: 08-May-24; Close: 10-May-24

Buyback
Ajanta Pharma: Ex-Date: 30-May-24

Bonus
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Stock Split
Canara Bank: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

Right Issue
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
Savani Financials: Open: 02-May-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
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24

Stocks Picker Articles

06 May 2024 04:48

Stock in Action

CDSL: CDSL reported strong set of 4QFY24 numbers on all fronts. Company became the first depository to register 11.56+ crore demat accounts in March 2024. During the fiscal year 2023-24, over 3.26 crore new demat accounts were opened, with a record 1.09 crore of these registered in the Q4 FY 23-24 alone, the highest quarterly registration of demat accounts in CDSL's history. Revenue during the quarter grew by whopping 93% YoY and 12% QoQ, while EBITDA grew by 112% YoY and 12.5% QoQ. EBITDA margin improved by 569 bps YoY and 12.5% QoQ at 61.4%. Net profit during the quarter grew by 104% YoY and 20.3% QoQ at Rs 129 crore with PAT margin improved by 309 bps YoY and 357 bps QoQ at 53.7%. All the segments including Depository, Data Entry & Storage and Repository segments reported strong revenue growth of 88%, 109% and 74% YoY respectively. EBIT margin improved in all the segments. The robust performance has been led by all the segments including Depository, Data Entry & Storage and Repository. The buoyancy in the equity market and increasing retail participation in equity investments have led such robust growth for CDSL. Positive on CDSL given the consistent strong quarterly earnings growth.

Ramkrishna Forgings: Ramkrishna Forgings has posted a strong set of numbers for Q4 FY24, propelled by a substantial rise in export tonnage. Company recorded a robust YoY tonnage growth of 18.3% in the export market, driven by the recovery in those regions and an increase in content per vehicle. Export volume helped the company to post a strong 14.7% growth in net revenue, despite domestic market weakness. The prosperity of Ramkrishna Forgins is intricately tied to the expansion of the CV industry. Given the government's emphasis on stimulating economic activities, it is anticipated that the CV industry will sustain the positive momentum in the medium- to long-term. During 4QFY24, company has successfully secured orders worth Rs 270 crore for the Vande Bharat train project, scheduled for completion over the next two years. The management has hinted that a successful execution of this order could unlock substantial opportunities for the company within this segment. Regarding EVs, the company is targeting 3-wheelers (3Ws) and passenger vehicles (PVs) across various geographical regions. Despite the current minimal contribution from EVs, the management expects that as the market size for EVs expands, the company will see significant growth in this segment. Positive on Ramkrishna Forgings given strong set of 4QFY24 performance.

Stocks Picker Articles

06 May 2024 04:47

*Fund Houses Recommendations*


JP Morgan on *DMart:* Upgrade to Overweight on Company, raise target price at Rs 5400/sh (Positive)

MOSL on *DMart:* Maintain Buy on Company, raise target price at Rs 5310/sh (Positive)

JP Morgan on *Kotak Bank:* Upgrade to Overweight on Bank, raise target price at Rs 2070/sh (Positive)

Nomura on *Kotak Bank:* Upgrade to Buy on Bank, raise target price at Rs 2000/sh (Positive)

Investec on *Kotak Bank:* Maintain Buy on Bank, target price at Rs 2300/sh (Positive)

Jefferies on *KEI Ind:* Maintain Buy on Company, raise target price at Rs 4770/sh (Positive)

Antique on *Oil India:* Maintain Buy on Company, raise target price at Rs 709/sh (Positive)

Antique on *ONGC:* Maintain Buy on Company, raise target price at Rs 339/sh (Positive)

MS on *Britannia:* Maintain Overweight on Company, target price at Rs 5243/sh (Positive)

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

Bernstein on *Kotak Bank:* Maintain Market Perform on Bank, target price at Rs 1650/sh (Neutral)

Jefferies on *Kotak Bank:* Maintain Hold on Bank, target price at Rs 1790/sh (Neutral)

Nuvama on *Kotak Bank:* Maintain Reduce on Bank, target price at Rs 1530/sh (Neutral)

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

JP Morgan on *Titan:* Maintain Overweight on Company, cut target price at Rs 3850/Sh (Neutral)

GS on *Titan:* Maintain Buy on Company, target price at Rs 3950/Sh (Neutral)

UBS on *Titan:* Maintain Neutral on Company, target price at Rs 3900/Sh (Neutral)

Jefferies on *Titan:* Maintain Hold on Company, target price at Rs 3500/Sh (Neutral)

Nuvama on *DMart:* Maintain Hold on Company, target price at Rs 4821/sh (Neutral)

MOSL on *MRF:* Maintain Sell on Company, target price at Rs 92000/sh (Neutral)

Kotak on *JSW Infra:* Maintain Sell on Company, target price at Rs 205/sh (Neutral)

Kotak on *CEAT:* Maintain Sell on Company, target price at Rs 1850/Sh (Neutral)

BofA on *Tata Tech:* Maintain Buy on Company, target price at Rs 1250/sh (Neutral)

JP Morgan on *Tata Tech:* Maintain Underweight on Company, target price at Rs 800/sh (Negative)

Nuvama on *Titan:* Downgrade to Hold on Company, cut target price at Rs 3867/sh (Negative)