Stocks Picker Articles

22 May 2024 05:42

Forthcoming Event

22nd May: ACKNIT, ADVANIHOTR, AVANTIFEED, BCLIND, BIRLAPREC, CENTUM, CHEMFAB, CIFL, DBCORP, DHABRIYA, DIAMINESQ, DIVSHKT, ECOPLAST, EMPIND, EVERESTIND, FAIRCHEMOR, GANDHAR, GEPIL, GLAND, GMMPFAUDLR, GPPL, GRASIM, GRSE, HINDHARD, IGPL, INDIGOPNTS, INDOAMIN, IVC, JUBLFOOD, KLRFM, MAXHEALTH, METROBRAND, MINDACORP, NAVNETEDUL, NIACL, NIITMTS, NIKHILAD, NITINCAST, OCCL, PETRONET, POWERGRID, RAMCOCEM, STAR, SUNPHARMA, SWISSMLTRY, TALBROAUTO, TPLPLASTEH, TWIROST, VARUNME, WIMPLAST, YUKEN to consider Dividend; PG Electroplast to consider Dividend & Stock Split; Bridge Securities to consider Stock Split; Ashoka Buildcon, Gujarat Toolroom, Indian Bank, Osia Hyper Retail, Refex Renewables & Infrastructure to consider Fund Raising; LGB Forge to consider Voluntary Delisting; Synergy Green Industries to consider Dividend & Fund Raising; Alphalogic Techsys to consider Bonus issue

23rd May: ADSL, ALUFLUOR, AMRUTANJAN, ASIANTILES, BAJEL, BANARISUG, BAYERCROP, BIKAJI, CONCORDBIO, DISAQ, DMCC, ESABINDIA, FINCABLES, FORTIS, GABRIEL, GANECOS, HIMATSEIDE, IGARASHI, IMFA, ITC, IVP, JKLAKSHMI, JOCIL, KAKATCEM, KHAICHEM, KKALPANAIND, LAKSELEC, LXMIATO, MANGCHEFER, MAZDA, MUKESHB, MUTHOOTCAP, NARPROP, NGIND, NUCLEUS, OMINFRAL, PAGEIND, PNCINFRA, PRECAM, PRECOT, RADIANTCMS, RUPA, SANDHAR, SENCO, SHARDAMOTR, SHILPAMED, SHREYAS, SHRIDINE, SMLISUZU, SSWL, SUBROS, SURYALA, TAJGVK, TATAINVEST, TDPOWERSYS, TEGA, TIMETECHNO, UNOMINDA, VAIBHAVGBL, VELJAN, XCHANGING to consider Dividend; KPI Green Energy to consider Stock Split; GOCL Corporation to consider Dividend & Fund Raising; SRG Housing Finance to consider Fund Raising

24th May: 63MOONS, ABMKNO, AKCAPIT, ALFREDHE, APEX, APMIN, ASTRAMICRO, AVL, BAJAJHCARE, BAPACK, BESTAGRO, BHAGCHEM, BOSCHLTD, CENTURYPLY, CGVAK, CHEVIOT, CORDSCABLE, CRAVATEX, DEVIT, DIVGIITTS, DOMS, DVL, EKC, EXCELINDUS, GLENMARK, GNA, HAPPYFORGE, HEG, HUDCO, JAMNAAUTO, JMFINANCIL, KAIRA, KTKBANK, LUMAXIND, MANAPPURAM, MCDOWELL-N, METROGLOBL, MUNJALAU, MYSORPETRO, NIITLTD, NTPC, PATELSAI, PIXTRANS, PPL, PSPPROJECT, RELCHEMQ, RICOAUTO, ROLCOEN, RPTECH, RUBFILA, SCHAND, SHIVAMILLS, SHIVATEX, STARPAPER, STOVEKRAFT, SUPERSHAKT, SWELECTES, TNPL, TTKHLTCARE, VIRAT, ZFCVINDIA to consider Dividend; Balmer Lawrie & Company to consider Dividend, Bonus Issue & Buyback; Rushil Decor to consider Stock Split; Sun Pharma Advanced Research Company to consider Fund Raising; Crest Ventures, Torrent Pharmaceuticals, Kolte - Patil Developers, Hindustan Copper to consider Dividend & Fund Raising

25th May: ANDHRAPET, BLUEJET, BNALTD, CHEMBOND, DIVISLAB, INDOBORAX, JAYAGROGN, MAWANASUG, SAHYADRI, SAKTHIFIN, SARDAEN, SOLIMAC, VADILALIND, VISHNU, to consider Dividend; Clara Industries to consider Dividend & Bonus issue; WPIL to consider Dividend & Stock Split

27th May: ASTRAZEN, AUTOAXLES, CAPRO, DHPIND, DHRUV, DTIL, ELGIEQUIP, GMDCLTD, GUJCRAFT, GUJINTRX, HBLPOWER, HERANBA, HERCULES, JAICORPLTD, KIRLOSIND, KKCL, LAXMIMACH, LFIC, LICI, LUMAXTECH, MSTCLTD, NATFIT, NIBE, NITIRAJ, PANAMAPET, SUMICHEM, TBZ, TINNARUBR, UNITEDTEA to consider Dividend; Baid Finserv to consider Dividend & Fund Raising; Jamshri Realty to consider Stock Split; GM Breweries, Remedium Lifecare to consider Bonus issue

28th May: AAATECH, AMNPLST, APOLSINHOT, ARE&M, ASAHISONG, BALPHARMA, BRIGADE, CLSEL, DENISCHEM, EMAMIPAP, GNFC, GOODLUCK, INGERRAND, IRCTC, KANORICHEM, KANPRPLA, KKSHL, NAVKAR, NBCC, PANAENERG, POCL, RESPONIND, RFSL, RITES, RRKABEL, SALZERELEC, SAURASHCEM, SUNDRMBRAK, TAMBOLIIN, TCPLPACK, THEJO, TTKPRESTIG, VLSFINANCE, WEIZMANIND to consider Dividend; Balmer Lawrie Investments to consider Dividend, Bonus issue & Buyback; Kaycee Industries to consider Dividend, Bonus issue & Stock Split; Mufin Green Finance to consider Fund Raising

Stocks Picker Articles

22 May 2024 04:59

*Fund Houses Recommendations*


Jefferies on *JB Phama:* Maintain Buy on Company, raise target price at Rs 2060/Sh (Positive)

ICICI on *IDFC First:* Upgrade to Buy on Company, raise target price at Rs 95/Sh (Positive)

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

Emkay on *Ujjivan SFB:* Maintain Buy on Company, target price at Rs 65/Sh (Positive)

Nuvama on *Hitachi:* Maintain Buy on Company, raise target price at Rs 13000/Sh (Positive)

Nuvama on *BHEL:* Maintain Buy on Company, target price at Rs 400/Sh (Positive)

Antique on *BHEL:* Maintain Buy on Company, raise target price at Rs 360/Sh (Neutral)

CLSA on *BHEL:* Maintain Sell on Company, cut target price at Rs 189/Sh (Neutral)

MS on *BHEL:* Maintain Equal weight on Company, target price at Rs 220/Sh (Neutral)

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

MS on *Metropolis:* Maintain Equal weight on Company, target price at Rs 1792/Sh (Neutral)

Nuvama on *ONGC:* Maintain Reduce on Company, target price at Rs 210/Sh (Neutral)

Citi on *ONGC:* Maintain Buy on Company, target price at Rs 315/Sh (Neutral)

Bernstein on *HCL Tech:* Maintain Market perform on Company, cut target price at Rs 1460/Sh (Neutral)

Bernstein on *LTI Mindtree:* Maintain Market perform on Company, cut target price at Rs 4800/Sh (Neutral)

Bernstein on *L&T Tech:* Maintain Underperform on Company, cut target price at Rs 4070/Sh (Neutral)

Jefferies on *Astral:* Maintain Hold on Company, target price at Rs 2150/Sh (Neutral)

CLSA on *Astral:* Maintain Sell on Company, target price at Rs 1800/Sh (Neutral)

Jefferies on *PI Ind:* Maintain Buy on Company, target price at Rs 4165/Sh (Neutral)

GS on *Hitachi Ind:* Maintain Buy on Company, target price at Rs 8250/Sh (Neutral)

IIFL on *L&TFH:* Downgrade to Reduce on Company, cut target price at Rs 155/Sh (Negative)

Stocks Picker Articles

22 May 2024 04:24

Ircon:* Net profit at Rs 247 cr vs Rs 257 cr, Revenue at Rs 3743 cr vs Rs 3781 cr. (YoY) (Neutral)

*Sheela Foam:* Net profit at Rs 64.6 cr vs Rs 43.2 cr, Revenue at Rs 845 cr vs Rs 729 cr. (YoY) (Neutral)

*Tilaknagar Ind:* Net profit down 46.8% at ₹31.5 cr vs ₹59.1 cr, Revenue up 7.4% at ₹770.6 cr vs ₹717.2 cr (YoY) (Neutral)

*Maha Seamless:* Net profit at Rs 218.0 cr vs Rs 370.0 cr, Revenue at Rs 1215 cr vs Rs 1633 cr. (YoY) (Neutral)

*Galaxy Surf:* Net profit at Rs 77.5 cr vs Rs 90.5 cr , Revenue at Rs 929 cr vs Rs 980 cr. (YoY) (Neutral)

*SIS:* Company's board decides to defer proposal to subdivide equity shares of company (Neutral)

*Sun Pharma:* USFDA says Sun Pharma recalls 35,069 bottles of XELPROS (Neutral)

*LUPIN:* Company U.S. FDA concluded a pre-approval inspection at Company’s somerset (Neutral)

*Apollo Tyre:* Block Deal, Warburg Pincus Entities likely to sell stake via block deals, Block Deal size $100 mn to $120 mn (Base size Rs 850 crores), Discount of up to 4% to CMP. (Neutral)

*Reliance Ind:* Nel Hydrogen Electrolyser signs licensing agreement with Reliance Industries. (Neutral)

*GSFC:* Net profit at Rs 24.4 cr vs Rs 224.9 cr , Revenue at Rs 2017 cr vs Rs 2411 cr. (YoY). (Negative)

Stocks Picker Articles

21 May 2024 04:51

*Fund Houses Recommendations*


Nomura on *Balkrishna:* Upgrade to Buy on Company, raise target price at Rs 3230/Sh (Positive)

Citi on *Phoenix Mills:* Maintain Buy on Company, raise target price at Rs 3885/Sh (Positive)

Jefferies on *Amber Ent:* Maintain Buy on Company, raise target price at Rs 4900/Sh (Positive)

Jefferies on *Zydus Life:* Maintain Buy on Company, raise target price at Rs 1070/Sh (Positive)

Citi on *Endurance:* Maintain Buy on Company, target price at Rs 2550/Sh (Positive)

Investec on *IEX:* Maintain Neutral on Company, target price at Rs 550/Sh (Positive)

Jefferies on *HAL:* Maintain Buy on Company, raise target price at Rs 5725/Sh (Positive)

Nomura on *HAL:* Maintain Buy on Company, raise target price at Rs 5100/Sh (Positive)

Jefferies on *Data Patterns:* Maintain Buy on Company, raise target price at Rs 4135/Sh (Positive)

Nomura on *Vodafone Idea:* Upgrade to Neutral on Company, raise target price at Rs 15/Sh (Positive)

Antique on *TRIL:* Initiate Buy on Company, target price at Rs 847/Sh (Positive)

Jefferies on *BEL:* Maintain Buy on Company, raise target price at Rs 305/Sh (Positive)

CLSA on *Zee Ent:* Upgrade to Underperform Neutral on Company, raise target price at Rs 170/Sh (Positive)

UBS on *Zee Ent:* Maintain Neutral on Company, target price at Rs 190/Sh (Positive)

JP Morgan on *JSW Steel:* Maintain Overweight on Company, target price at Rs 1125/Sh (Positive)

Citi on *GAIL:* Maintain Buy on Company, raise target price at Rs 230/Sh (Positive)

Jefferies on *Concor:* Maintain Buy on Company, raise target price at Rs 1240/Sh (Positive)

MS on *SAIL:* Maintain Underweight on Company, target price at Rs 100/Sh (Neutral)

CLSA on *Bandhan Bank:* Maintain Outperform on Bank, cut target price at Rs 210/Sh (Neutral)

Jefferies on *Bandhan Bank:* Maintain Underperform on Bank, target price at Rs 165/Sh (Neutral)

GS on *Bandhan Bank:* Maintain Neutral on Bank, cut target price at Rs 203/Sh (Neutral)

Macquarie on *Bandhan Bank:* Maintain Neutral on Bank, target price at Rs 225/Sh (Neutral)

Citi on *Zee Ent:* Maintain Sell on Company, target price at Rs 137/Sh (Neutral)

Jefferies on *Anupam Rasayan:* Maintain Underperform on Company, target price at Rs 565/Sh (Neutral)

Citi on *Balkrishna Ind:* Maintain Sell on Company, raise target price at Rs 2300/Sh (Neutral)

Nuvama on *Balkrishna Ind:* Maintain Buy on Company, target price at Rs 3070/Sh (Neutral)

Kotak on *Balkrishna Ind:* Maintain Sell on Company, target price at Rs 2175/Sh (Neutral)

Citi on *Zydus Life:* Maintain Sell on Company, target price at Rs 720/Sh (Neutral)

Citi on *Sobha:* Maintain Sell on Company, target price at Rs 1519/Sh (Neutral)

Citi on *Delhivery:* Maintain Buy on Company, target price at Rs 500/Sh (Neutral)

CLSA on *Delhivery:* Downgrade to Underperform on Company, cut target price at Rs 488/Sh (Negative)

Jefferies on *Global Health:* Downgrade to Hold on Company, cut target price at Rs 1400/sh (Negative)

Stocks Picker Articles

21 May 2024 04:33

*Dalmia Bharat:* Company commences production at its new mill in Ariyalur manufacturing unit in Tamil Nadu. (Positive)

*Bharti Airtel:* Company announced repayment of remaining $550m bond achieving a zero-debt position at Holding Company Airtel Africa (Positive)

*Allcargo:* Company is developing gems 2.0, with the first module set to be rolled out in October 2024 (Positive)

*JB Chem:* Company’s CEO says international business excluding South Africa recorded double digit growth (Positive)

*Tata Motors:* Company group raises its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm JLR. (Positive)

*Ujjivan SFB:* Net profit at Rs 330 cr vs Rs 310 cr , NII at Rs 934 cr vs Rs 738 cr. (YoY) (Neutral)

*VRL Logistics:* Net profit at Rs 21.5 cr vs Rs 193.2 cr, Revenue at Rs 768 cr vs Rs 698 cr. (YoY) (Neutral)

*CUB:* Net profit at Rs 225.0 cr vs Rs 218.0 cr, Interest Income at Rs 1374 cr vs Rs 1228 cr. (YoY) (Neutral)

*Rolex Rings:* Net profit at Rs 23.6 cr vs Rs 46.4 cr, Revenue at Rs 316 cr vs Rs 299 cr. (YoY) (Neutral)

*Prataap Snacks:* Net profit at Rs 12.4 cr vs Rs 21.6 cr, Revenue at Rs 387 cr vs Rs 398 cr. (YoY) (Neutral)

*KRBL:* Net profit at Rs 114 cr vs Rs 118 cr, Revenue at Rs 1318 cr vs Rs 1280 cr. (YoY) (Neutral)

*Honda Power:* Net profit at Rs 15.8 cr vs Rs 5.8 cr, Revenue at Rs 230 cr vs Rs 313 cr. (YoY) (Neutral)

*Triveni Eng:* Net profit at Rs 161.0 cr vs Rs 190.0 cr, Revenue at Rs 1548 cr vs Rs 1818 cr. (YoY) (Neutral)

*Apollo Pipes:* Net profit at Rs 6.5 cr vs Rs 15.0 cr , Revenue at Rs 245 cr vs Rs 252 cr. (YoY) (Neutral)

*Thangamayil:* Net profit at Rs 28.2 cr vs Rs 31.0 cr , Revenue at Rs 981 cr vs Rs 759 cr. (YoY) (Neutral)

*Jain Irrigation :* Net loss at Rs 9 cr vs Net Profit Rs 977 cr , Revenue at Rs 1727 cr vs Rs 1745 cr. (YoY) (Neutral)

*IFGL Refractories :* Net profit at Rs 12.5 cr vs Rs 29 cr (YoY) , Revenue at Rs 394 cr vs Rs 368 cr. (YoY) (Neutral)

*Indian Cements :* Net loss at Rs 50 cr vs 7 cr (QoQ) , Revenue at Rs 1267 cr vs Rs 1144 cr (QoQ) (Neutral)

*CG Power:* Company Block deal of 65 lac shares likely Deal size of over Rs 425 crores (Neutral)

*Indus Tower:* Block deal of 80 lac shares likely to happen. Deal size of over Rs 270 crores (Neutral)

*TCS:* N Ganapathy Subramaniam ceases to be COO & Executive Director w.e.f. May 20 (Neutral)

*Jupiter Wagons:* Company board approves issuance of convertible warrants worth up to Rs 135 crore. (Neutral)

*ITC:* Company’s Sanjiv Puri, Chairman and MD of ITC assumes office as the president of the Confederation of Indian Industry for 2024-25. (Neutral)

*Dish TV:* Company board approves convening EGM of shareholders at 11:30 am on June 14 (Neutral)

*Trident Group:* Net profit at Rs 59 cr vs Rs 130.6 cr , Revenue at Rs 1682 cr vs Rs 1573 cr. (YoY). (Negative)

*Anupam Rasayan :* Net profit at Rs 31 cr vs Rs 57 cr (YoY) , Revenue at Rs 401 cr vs Rs 480 cr. (YoY) (Negative)

*Camlin Fine:* Net loss at Rs 77.1 cr vs profit Rs 9.2 cr , Revenue at Rs 402 cr vs Rs 427 cr. (YoY) (Negative)

*Chemplast :* Net loss at Rs 31 cr vs profit Rs 46 cr, Revenue at Rs 1051 cr vs Rs 1147 cr. (YoY) (Negative)

Stocks Picker Articles

16 May 2024 05:23

Corporate Actions

Dividend

16-May-24
TCS: Final Dividend - Rs. - 28.00

17-May-24
ADORFO: Interim Dividend - Rs. - 6.00
NICCOPAR: Interim Dividend - Rs. - 0.50
CRAFTSMAN: Final Dividend - Rs. - 11.25
NXST: Income Distribution RITES
ADVENZYMES: Interim Dividend

22-May-24
PONNIERODE: Dividend - Rs. - 7.00
SBIN: Final Dividend - Rs. - 13.70
SESHAPAPER: Final Dividend - Rs. - 5.00
KENNAMET: Interim Dividend - Rs. - 30.00
SULA: Final Dividend - Rs. - 4.50
HIGHENE: Final Dividend - Rs. - 3.00
AVANTEL: Final Dividend - Rs. - 0.20
TRENT: Dividend - Rs. - 3.20
COLPAL: Dividend
OBEROIRLTY: Interim Dividend
TRIDENT: Interim Dividend


IPO
Go Digit General Insurance: Open: 15-May-24; Close: 17-May-24

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

Bonus
Titan Intech: Bonus Issue 3:5; Ex-Date: 17-May-24
Newtime Infrastructure: Bonus Issue 2:1; Ex-Date: 21-May-24
Hindustan Petroleum Corp: Bonus Issue 1:2; Ex-Date: 21-Jun-24
Bharat Petroleum Corp: Bonus Issue 1:1; Ex-Date: 22-Jun-24

Stock Split
Vardhman Polytex: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

Right Issue
IFL Enterprises: Ex-Date: 17-May-24
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

Amalgamation
Jaysynth Dyestuff: Ex-Date: 17-May-24

Stocks Picker Articles

16 May 2024 05:05

*Fund Houses Recommendations*


MS on *Titagarh Wagons:* Maintain Overweight on Company, target price at Rs 1217/Sh (Positive)

Nomura on *Bharti Airtel:* Maintain Buy on Company, target price at Rs 1550/Sh (Positive)

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

Citi on *Apollo Tyre:* Maintain Buy on Company, target price at Rs 570/Sh (Positive)

JP Morgan on *Apollo Tyre:* Upgrade to Overweight on Company, target price at Rs 555/Sh (Positive)

Nomura on *Apollo Tyre:* Upgrade to Neutral on Company, target price at Rs 512/Sh (Positive)

JM Fin on *Apollo Tyre:* Maintain Buy on Company, target price at Rs 550/Sh (Positive)

Jefferies on *Oberoi Realty:* Maintain Hold on Company, raise target price at Rs 1548/Sh (Positive)

JP Morgan on *Oberoi Realty:* Maintain Neutral on Company, raise target price at Rs 1500/Sh (Positive)

Citi on *Oberoi Realty:* Maintain Neutral on Company, raise target price at Rs 1649/Sh (Positive)

Jefferies on *Adani Ports:* Maintain Buy on Company, target price at Rs 1640/Sh (Positive)

MS on *Adani Ports:* Maintain Overweight on Company, target price at Rs 1517/Sh (Positive)

Citi on *Shree Cement:* Maintain Buy on Company, target price at Rs 29750/Sh (Positive)

Jefferies on *Colgate:* Maintain Buy on Company, target price at Rs 3020/Sh (Positive)

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

Citi on *Somany Ceramics:* Maintain Buy on Company, target price at Rs 914/Sh (Positive)

CLSA on *Dixon:* Maintain Accumulate on Company, raise target price at Rs 9000/Sh (Positive)

Jefferies on *Dixon:* Maintain Underperform on Company, raise target price at Rs 6350/Sh (Neutral)

Nuvama on *Dixon:* Maintain Hold on Company, raise target price at Rs 7875/Sh (Neutral)

HSBC on *Bharti Airtel:* Maintain Hold on Company, target price at Rs 1220/Sh (Neutral)

HSBC on *Ambuja Cement:* Maintain Reduce on Company, raise target price at Rs 440/Sh (Neutral)

HSBC on *ACC:* Maintain Reduce on Company, raise target price at Rs 2100/Sh (Neutral)

HSBC on *Colgate:* Downgrade to Reduce on Company, cut target price at Rs 2900/Sh (Neutral)

Nomura on *Colgate:* Maintain Reduce on Company, cut target price at Rs 2450/Sh (Neutral)

HSBC on *Berger Paints:* Maintain Buy on Company, cut target price at Rs 600/Sh (Neutral)

MS on *Berger Paints:* Maintain Underweight on Company, target price at Rs 423/Sh (Neutral)

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

MS on *LIC Housing:* Maintain Equal weight on Company, target price at Rs 585/Sh (Neutral)

Stocks Picker Articles

16 May 2024 05:04

Stock in Action

Colgate Palmolive: Colgate Palmolive Q4FY24 results were in line with Street expectations. The quarter saw healthy growth in sales both sequentially and on a YoY basi led by toothpaste segment, which saw a YoY double-digit growth in FY24, led by the rural segment. The strategic initiatives undertaken by the new management to penetrate deeper is bearing fruit, while the trend to introduce more premium products and diversify beyond oral-care also aided growth. The company is leveraging Palmolive, an underserved equity with strong brand awareness. New variants were launched in the high-growth bodywash segment. Toothpaste is the most penetrated FMCG brand. However, the domestic use remains low compared to developed countries. Driving the same remains a key strategy, which could open up more growth opportunities in the segment across rural and urban markets. The company will continue to focus on more premium products with category development and innovation in toothbrush and devices, while building the personal care category with higher investment in brands. Positive on Colgate Palmolive given the rural market recovery and premium products to lead the earnings growth.

Polycab India: Polycab India reported 29% YoY growth in revenue during 4QFY24, led by public and private capital expenditures, and a sustained momentum in the real estate and infrastructure market. Polycab's largest segment Wires & Cable, 85% of the total revenue in Q4, achieved a revenue growth of 22% YoY at a record level of Rs 4,792 crore. With a volume growth of 30-40% in Q4 as well as FY24, the company gained 200-300 bps market share in FY24 and further strengthened its lead over the nearest competitor, ending the year with an estimated share of 25-26%. Polycab incurred a capex of Rs 860 crore in FY24. Riding on the underlying demand momentum, the company has chalked out aggressive expansion plans and aims to invest Rs 1,000-1,100 crore annually for the next 2-3 years. Under the Project Leap initiative, Polycab had earlier indicated a revenue guidance of Rs 20,000 crore by FY26. Given that Polycab has already reached a turnover of over Rs 18,000 crore, the company is likely to attain the targeted figure much before the stipulated timeline. Positive on Polycab India given the infrastructure upcycle in India.

Stocks Picker Articles

15 May 2024 05:23

*Forthcoming Event*

15th May: ARIHANTSUP, ASAHIINDIA, BERGEPAINT, BHARATSE, CLEAN, CMSINFO, COSMOFIRST, CSLFINANCE, DEEPINDS, DHRUV, DIXON, DUNCANENG, GANGESSECU, GOACARBON, GRANULES, HONAUT, HPL, ICRA, IEX, JSL, JTEKTINDIA, JYOTHYLAB, KOKUYOCMLN, LICHSGFIN, MEDIASSIST, MOIL, MUKANDLTD, NATPLASTI, NCC, NIRLON, NLCINDIA, PALASHSECU, PARADEEP, PFC, PREMCO, RANEHOLDIN, RVNL, SANDUMA, SEQUENT, SICAGEN, SNL, SOMANYCERA, THOMASCOOK, TIRUMALCHM, TITAGARH, VISAKAIND to consider Dividend; Pitti Engineering, Transport Corporation of India, Trident to consider Dividend & Fund Raising; BMW Industries to consider Dividend & Amalgamation; ITCONS E-Solutions, Mankind Pharma to consider Fund Raising; Supreme Infrastructure India to consider Scheme of Arrangement

16th May: ACCELERATE, AKZOINDIA, ALICON, BELLACASA, BIOCON, BOMBCYC, CAPLIPOINT, CENTENKA, CONCOR, CREATIVE, CROMPTON, ELDEHSG, ELIXIR, EMKAY, ENDURANCE, FACT, HARSHA, HINDCON, HITECHCORP, IMPAL, INDIANHUME, INDOCO, INFIBEAM, JKPAPER, KOPRAN, KOTHARIPET, LINCOLN, M&M, MISHTANN, MITSU, MSUMI, NAUKRI, NBIFIN, ORIENTCER, PANCARBON, PERMAGN, POKARNA, PRINCEPIPE, RATNAMANI, SANSERA, SDL, SHREEPUSHK, SOLARINDS, SPIC, STCORP, SUNSHIEL, TEXRAIL, TRITURBINE, ULTRAMAR, VGUARD, WONDERLA to consider Dividend; Sanghvi Movers to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement; eClerx Services to consider Dividend & Buyback; Blue Pearl Texspin, VSF Projects to consider Fund Raising; Vedanta to consider Dividend & Fund Raising

17th May: ANUHPHR, ASTRAL, BBL, DHANUKA, FOODSIN, GLAXO, GRPLTD, HBSL, INDRAMEDCO, INTENTECH, KSE, LOYALTEX, LTFOODS, MINDTECK, MORARKFI, NHPC, ONWARDTEC, PFIZER, POLYMED, POLYPLEX, PRADPME, PRAKASH, RCF, RPEL, SADHNANIQ, SCI, SOBHA, TASTYBITE, TVTODAY, UNIVCABLES, VICTMILL, VINATIORGA, VINDHYATEL, WESTLEIRES, ZEEL, ZYDUSLIFE to consider Dividend; Centrum Capital, Varroc Engineering, GMR Power and Urban Infra to consider Fund Raising; GPT Infraprojects to consider Dividend & Bonus Issue; JSW Steel, Tourism Finance Corporation of India to consider Dividend & Fund Raising; Premier Polyfilm to consider Dividend & Stock Split

18th May: BDH, DATAPATTNS, GIPCL, IFGLEXPOR, KRSNAA, TIDEWATER, UJJIVANSFB, VGCL, VIMTALABS, VINCOFE to consider Dividend; Godha Cabcon & Insulation to consider Fund Raising

19th May: PODDARMENT to consider Dividend;

20th May: BEL, BSL, CARYSIL, DDEVPLASTIK, DEEPAKNTR, GLOBAL, IRFC, KCP, NESCO, OIL, ONGC, TALBROSENG, THANGAMAYL to consider Dividend;

21st May: ACE, BRIGHT, FIEMIND, GREENPLY, GSFC, GULFOILLUB, NGLFINE, PIIND, POWERINDIA, RISHIROOP, TRANSPEK to consider Dividend; SIS to consider Stock Split

22nd May: AVANTIFEED, CHEMFAB, ECOPLAST, EVERESTIND, FAIRCHEMOR, GLAND, GPPL, GRASIM, GRSE, INDIGOPNTS, IVC, JUBLFOOD, RAMCOCEM to consider Dividend; PG Electroplast to consider Dividend & Stock Split; Bridge Securities to consider Stock Split

23rd May: BANARISUG, BIKAJI, ESABINDIA, IGARASHI, ITC, KAKATCEM, LAKSELEC, LXMIATO, NUCLEUS, PAGEIND, SMLISUZU, SUBROS, TAJGVK, TDPOWERSYS, VAIBHAVGBL to consider Dividend; KPI Green Energy to consider Stock Split; GOCL Corporation to consider Dividend & Fund Raising

24th May: BOSCHLTD, DVL, EXCELINDUS, HEG, JMFINANCIL, MANAPPURAM, MCDOWELL-N, METROGLOBL, PPL, SHIVAMILLS, TNPL, TTKHLTCARE, VIRAT to consider Dividend; Balmer Lawrie & Company to consider Dividend, Bonus Issue & Buyback; Rushil Decor to consider Stock Split

25th May: Clara Industries to consider Dividend & Bonus issue; WPIL to consider Dividend & Stock Split

Stocks Picker Articles

15 May 2024 04:55

Bulk Deal & Insider Trade Update

Bulk Deals
--

Insider Trade
*Acquisition*
* Shradha Jatia Promoter & Director Acquisition 18700 shares of Jindal Saw Ltd. on 10-May-24
* Promoter Acquisition 6000000 shares of Avishkar Infra Realty Ltd
* NICCO ENGINEERING SERVICES LIMITED Promoter Group Acquisition 10633 shares of Nicco Parks & Resorts Ltd.-$ on 07-May-24
* Rahul Sharma Director Acquisition 2500 shares of Dr. Lal Pathlabs Ltd on 10-May-24
* Promoter Group Acquisition 20000 shares of Bajaj Housing Finance Ltd

*Disposal*
* P Narasimha Raju Director Disposal 30000 shares of Ncl Industries Ltd.-$ on 14-May-24
* Param Kamlesh Kapadia Promoter Group Disposal 31 shares of Sterling Powergensys Limited on 10-May-24
* GRANDEUR CORPORATION PRIVATE LIMITED Promoter Group Disposal 100000 shares of Nb Footwear Ltd. on 13-May-24
* Promoter Disposal 1107208 shares of Indra Industries Ltd
* Reema Saroya Director Disposal 41320 shares of Osiajee Texfab Ltd on 10-May-24
* MAYURKUMAR MANSUKHBHAI GAJERA Promoter & Director Disposal 45000 shares of Trident Lifeline Ltd on 13-May-24

*Invoke*
* MBL A Capital Ltd. Promoter Invoke 60000 shares of Mbl Infrastructure Ltd on 13-May-24

*Pledge*
* EWS Finance & Investments Private Limited Promoter Group Pledge 400000 shares of India Cements Ltd. on 11-May-24

Dividend Update
*Ador Welding Ltd. Interim Dividend Rs. 18.5 Ex Date 15-May-2024
*APTUS Interim Dividend Rs. 2.5 Ex Date 15-May-2024
*NIIT Technologies Ltd. Interim Dividend Rs. 19 Ex Date 15-May-2024
*Hindustan Zinc Ltd. Interim Dividend Rs. 10 Ex Date 15-May-2024
*IRB Infrastructure Developers Ltd. Interim Dividend Rs. 0.1 Ex Date 15-May-2024

*Result Today*
Power Finance Corporation Ltd.
Rail Vikas Nigam Ltd.
Honeywell Automation India Ltd.
LIC Housing Finance Ltd.
Trident Ltd.
Jyothy Labs Ltd.
Clean Science And Technology Ltd.
Granules India Ltd.
Thomas Cook (India) Ltd.
Transport Corporation Of India Ltd.
ICRA Ltd.
Pricol Ltd.
JTEKT India Ltd.
Nirlon Ltd.
Thirumalai Chemicals Ltd.
Mukand Ltd.
Rane Holdings Ltd.
Wonder Electricals Ltd.
Nagarjuna Fertilizers and Chemicals Ltd.
Shriram Asset Management Company Ltd.
A2Z Infra Engineering Ltd.
Sicagen India Ltd.

Stocks Picker Articles

15 May 2024 04:53

Stock in Action

Thermax: Thermax continues to perform well, thanks to strong execution and orders in hand. During 4QFY24, company reported close to 20% YoY increase in consolidated revenue. This was largely on account of the industrial infra business, which witnessed a strong traction, led by higher order inflows and execution. The segment, which accounts for 47% of revenue, reported 17% YoY growth in revenues. Industrial products, witnessed a good 23% YoY growth in revenues. While the green solution business is at a nascent stage, it reported a strong 72% YoY growth in revenues. A strong overall performance, higher scale and easing cost pressure helped the company report good improvement in margins. Consolidated EBITDA margins improved by 123 basis points to 9.88%, largely on account of the improvement in industrial products business, which recorded a 110-basis point improvement in EBIT margins to 11.7%. In Q4FY24, the company’s order inflows grew at 2%, taking the overall orders to Rs 10,111 crore, up by 4%. The current order book provides good visibility and the management is confident about sustaining margins. Positive on Thermax given robust order book and strong 4QFY24 result performance.

Bharat Forge: Bharat Forge has reported strong financial results for the final quarter of FY24. The numbers were bolstered by strong growth in India and Europe businesses. The company achieved a YoY growth of 3% in total volume, primarily fuelled by a well-balanced product mix with a tilt towards high-value products. The emphasis on a diverse product mix contributed to a 13.1% improvement in realisation on a YoY basis. As supply-side challenges have eased, the company's management anticipates a continued surge in demand. This upswing is driven by several factors, including pent-up demand, a preference for personal mobility, and an influx of first-time buyers in the passenger car segment. In the CV segment, the company foresees an uptick in demand owing to increased economic activities, favourable freight rates, and improved profitability for fleet operators post the general election. After a hiatus, demand in international markets is picking up as is evident from Q4 FY24 numbers. The management indicated that there is an encouraging trend of global OEMs moving supplies to India from other geographies, including China and Europe. The company is seeing significant momentum in the Electric Vehicle (EV) segment, having secured orders from a global EV Original Equipment Manufacturer (OEM) to supply aluminium castings. Positive on Bharat Forge given the strong set of numbers in Q4 FY24, driven by strong demand.

Stocks Picker Articles

14 May 2024 05:43

Forthcoming Event

14th May: ACI, AIAENG, APARINDS, APOLLOTYRE, BASF, BHARTIARTL, BHARTIHEXA, BLS, BNRSEC, COLPAL, DALMIASUG, DYCL, EDELWEISS, EMMBI, GANESHHOUC, HPAL, INDAG, JUBLINGREA, KDDL, KELENRG, KIRANVYPAR, KIRLOSBROS, MAGADSUGAR, MATRIMONY, PDSL, PKTEA, POLYCHEM, PTL, RADICO, RAMRAT, SAFARI, SAGCEM, SHREECEM, SHYAMMETL,SPECIALITY, SUMEDHA, SURYAROSNI, TEXINFRA, THEMISMED, THYROCARE, TNPETRO, VMART, ZYDUSWELL to consider Dividend; Andhra Paper to consider Dividend & Stock Split; Bajaj Electricals, Repco Home Finance, Nilkamal, Oberoi Realty to consider Dividend & Fund Raising; Aurionpro Solutions, Gujarat Themis Biosyn to consider Dividend & Bonus issue; Leading Leasing Finance And Investment Co, Sreechem Resins to consider Fund Raising

15th May: ARIHANTSUP, ASAHIINDIA, BERGEPAINT, BHARATSE, CLEAN, CMSINFO, COSMOFIRST, CSLFINANCE, DEEPINDS, DHRUV, DIXON, DUNCANENG, GANGESSECU, GOACARBON, GRANULES, HONAUT, HPL, ICRA, IEX, JSL, JTEKTINDIA, JYOTHYLAB, KOKUYOCMLN, LICHSGFIN, MEDIASSIST, MOIL, MUKANDLTD, NATPLASTI, NCC, NIRLON, NLCINDIA, PALASHSECU, PARADEEP, PFC, PREMCO, RANEHOLDIN, RVNL, SANDUMA, SEQUENT, SICAGEN, SNL, SOMANYCERA, THOMASCOOK, TIRUMALCHM, TITAGARH, VISAKAIND to consider Dividend; Pitti Engineering, Transport Corporation of India, Trident to consider Dividend & Fund Raising; BMW Industries to consider Dividend & Amalgamation; ITCONS E-Solutions, Mankind Pharma to consider Fund Raising; Supreme Infrastructure India to consider Scheme of Arrangement

16th May: ACCELERATE, AKZOINDIA, ALICON, BELLACASA, BIOCON, BOMBCYC, CAPLIPOINT, CENTENKA, CONCOR, CREATIVE, CROMPTON, ELDEHSG, ELIXIR, EMKAY, ENDURANCE, FACT, HARSHA, HINDCON, HITECHCORP, IMPAL, INDIANHUME, INDOCO, INFIBEAM, JKPAPER, KOPRAN, KOTHARIPET, LINCOLN, M&M, MISHTANN, MITSU, MSUMI, NAUKRI, NBIFIN, ORIENTCER, PANCARBON, PERMAGN, POKARNA, PRINCEPIPE, RATNAMANI, SANSERA, SDL, SHREEPUSHK, SOLARINDS, SPIC, STCORP, SUNSHIEL, TEXRAIL, TRITURBINE, ULTRAMAR, VGUARD, WONDERLA to consider Dividend; Sanghvi Movers to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement; eClerx Services to consider Dividend & Buyback; Blue Pearl Texspin, VSF Projects to consider Fund Raising; Vedanta to consider Dividend & Fund Raising

17th May: ANUHPHR, ASTRAL, BBL, DHANUKA, FOODSIN, GLAXO, GRPLTD, HBSL, INDRAMEDCO, INTENTECH, KSE, LOYALTEX, LTFOODS, MINDTECK, MORARKFI, NHPC, ONWARDTEC, PFIZER, POLYMED, POLYPLEX, PRADPME, PRAKASH, RCF, RPEL, SADHNANIQ, SCI, SOBHA, TASTYBITE, TVTODAY, UNIVCABLES, VICTMILL, VINATIORGA, VINDHYATEL, WESTLEIRES, ZEEL, ZYDUSLIFE to consider Dividend; Centrum Capital, Varroc Engineering to consider Fund Raising; GPT Infraprojects to consider Dividend & Bonus Issue; JSW Steel, Tourism Finance Corporation of India to consider Dividend & Fund Raising; Premier Polyfilm to consider Dividend & Stock Split

18th May: BDH, DATAPATTNS, GIPCL, IFGLEXPOR, KRSNAA, TIDEWATER, UJJIVANSFB, VGCL, VIMTALABS, VINCOFE to consider Dividend; Godha Cabcon & Insulation to consider Fund Raising

19th May: PODDARMENT to consider Dividend;

20th May: BEL, BSL, CARYSIL, DDEVPLASTIK, DEEPAKNTR, GLOBAL, IRFC, KCP, NESCO, OIL, ONGC, TALBROSENG, THANGAMAYL to consider Dividend;

21st May: ACE, BRIGHT, FIEMIND, GREENPLY, GSFC, GULFOILLUB, NGLFINE, PIIND, POWERINDIA, RISHIROOP, TRANSPEK to consider Dividend; SIS to consider Stock Split

22nd May: AVANTIFEED, CHEMFAB, ECOPLAST, EVERESTIND, FAIRCHEMOR, GLAND, GPPL, GRASIM, GRSE, INDIGOPNTS, IVC, JUBLFOOD, RAMCOCEM to consider Dividend; PG Electroplast to consider Dividend & Stock Split; Bridge Securities to consider Stock Split

23rd May: BANARISUG, BIKAJI, ESABINDIA, IGARASHI, ITC, KAKATCEM, LAKSELEC, LXMIATO, NUCLEUS, PAGEIND, SMLISUZU, SUBROS, TAJGVK, TDPOWERSYS, VAIBHAVGBL to consider Dividend; KPI Green Energy to consider Stock Split; GOCL Corporation to consider Dividend & Fund Raising

Stocks Picker Articles

14 May 2024 05:43

Stock in Action

Eicher Motors Ltd: Eicher Motors Ltd is maintaining its robust financial performance, fuelled primarily by the demand momentum and new products in the higher engine capacity segment leading to improved realisations. Despite the marginal volume growth in Q4 FY24, Royal Enfield (RE) recorded an 11.9% YoY increase in net revenue, attributed to the roll-out of higher CC products with better realisation. Consequently, there was an expansion of 197.4 bps in the EBITDA on a YoY basis. Over the past few quarters, Royal Enfield's financial success had been heavily influenced by the consistent launch of products across various motorcycle segments. This strategy has bolstered its product lineup significantly, with the introduction of models such as the new Himalayan, the Sherpa 450, and the Shotgun 650. The management also indicated that the mid-range bike industry is expected to register a double-digit growth in the current fiscal and Royal Enfield is expected to outperform the industry on the back of its product portfolio. Royal Enfield has an ambitious roadmap for the next five years and beyond, aiming to target global consumers with a range of new products. Positive on Eicher Motors given pent-up demand for motorcycles, new products, a growing preference for premium bikes, an increasing momentum in export demand, substantial enhancements in the commercial vehicle (CV) segment, and improved fleet utilisation.

ABB India Ltd: ABB India has recorded strong financial growth for Q1CY24. The company has seen growth momentum in their orders which stood at 3,607 in Q1CY24, up by 14.6% QoQ. This was led by increase in demand for technologically superior solutions coupled with government’s capital expenditure focus on areas like digitalisation and energy efficiency. Segment wise their order growth was led by their Electrification & Process Automation business areas. The revenue for the quarter stood at Rs. 3,080 Cr, up by 12% QoQ and by 28% YoY basis. This growth was aided by strong backlog, installed customer base and its market reach in all its business divisions. The EBIDTA was at Rs. 565 Cr, up by 35% QoQ and the PAT stood at Rs 459 Cr, up by 33% QoQ. This increase in profits and expansion of margins was a result of gaining operational leverage on high volume sales, stable currency and commodity price and seamless execution of continuous improvement activities. Positive on ABB India Limited given its strong financial performance and increasing demand due to increased government expenditure on CapEx.

Stocks Picker Articles

14 May 2024 04:53

*Stocks in News*


*Ethos:* Net profit up 58.3 % at ₹21 cr vs ₹13 cr, Revenue up 21.7% at ₹253 cr vs ₹208 cr (YoY) (Positive)

*JSPL:* Net profit at Rs 934 cr vs poll Rs 1070 cr, Revenue at Rs 13487 cr vs poll of Rs 11839 cr (Positive)

*Chalet Hotels:* Net Profit at Rs 82.0 cr Vs Rs 37.0 cr, Revenue at Rs 418 cr vs Rs 338 cr (YoY) (Positive)

*DLF:* Net Profit at Rs 920 cr Vs Rs 569 cr, Revenue at Rs 2135 cr vs Rs 1456 cr (YoY) (Positive)

*Anant Raj:* Axis MF bought 26 lakh shares (0.76% stake) (Positive)

*Hindalco:* Novelis Inc files registration statement on Form F-1 with SEC for the proposed IPO (Positive)

*Vedanta:* Cairn Oil & Gas's Reserves and Resources portfolio grows 19% year-on-year to 1.4 Bnboe. Vedanta to consider raising funds via issue of equity shares via FPO, rights issue or other ways on May 16 (Positive)

*Shriram Finance:* Company to sell its housing finance arm to Warburg Pincus for ₹4,630 crore (Positive)

*Cochin Shipyard:* Company bags order in the range of ₹500-1000 cr from a European client for Hybrid SOVs (Positive)

*Coromandel Intl:* Company to acquire an additional 6.99% stake in Dhaksha Unmanned Sys for ₹150 cr (Positive)

*RVNL:* Company gets LoA for an order worth Rs 239 crore from Southern Railway (Positive)

*Hero Moto Corp:*Company joins the ONDC network, the open network will initially offer two-wheeler parts, accessories & merchandise (Positive)

*LTImindtree:* EU clears Aramco Digital and LTImindtree Joint Venture. (Positive)

*Electro steel castings:* Company approved capacity enhancement of di pipe production plant to 6.5 LTPA, Company’s capacity enhancement at investment of 640m rupees (Positive)

*Infosys:* Company completes acquisition of leading semiconductor design services provider. (Positive)

*Biocon:* Company signs semi-exclusive distribution and supply deal for the commercialization of generic SAXENDA in MEXICO with MEDIX (Positive)

*TVS Motors:* Company introduces new variants to the tvs 1qube portfolio for making electric mobility accessible to everyone (Positive)

*Dhanuka Agri:* Launch of new product Herbicide in Domestic market (Positive)

*GIC Housing:* Net profit at Rs 54 cr vs Rs 52 cr, Revenue at Rs 84.0 cr vs Rs 97.0 cr (Neutral)

*CE Info:* Net profit at Rs 38 cr vs Rs 31 cr, Revenue at Rs 107.0 cr vs Rs 92.0 cr (Neutral)

*Maruti:* Company launches 2 new variants of Fronx at an ex-showroom price of ₹8.93 lakh & ₹9.43 lakh (Neutral)

*KPI Green Energy:* Company’s board approves raising up to ₹1,000 crore via QIP. (Neutral)

*Sanofi:* Net profit at Rs 136.6 cr vs Rs 603.0 cr, Revenue at Rs 732 cr vs Rs 2851 cr (YoY) (Negative)

*JBM Auto:* Net profit at Rs 11.2 cr vs Rs 14.0 cr, Revenue at Rs 598 cr vs Rs 673 cr (YoY) (Negative)

*BLS E services:* Net profit at Rs 10.9 cr vs Rs 25.2 cr, Revenue at Rs 74 cr vs Rs 73 cr (YoY) (Negative)

*Siyaram Silk:* Net profit at Rs 69 cr vs Rs 88 cr, Revenue at Rs 647 cr vs Rs 695 cr (YoY) (Negative)

Stocks Picker Articles

13 May 2024 05:03

Forthcoming Event

13th May: AARTIPHARM, AARVI, ADVANIHOTR, ALBERTDAVD, ALEMBICLTD, ASHIKA, AVADHSUGAR, BBTC, BEML, BRIGHTBR, CERA, DLF, ELECTCAST, GILLANDERS, IBINFO, JINDALSTEL, KARURVYSYA, LUDLOWJUT, MANALIPETC, MAPMYINDIA, NELCAST, QGO, SAINTGOBAIN, SHRIPISTON, SMCGLOBAL, TCFCFINQ, UPL, YASHO, ZWELCAST to consider Dividend; GIC Housing Finance, Jay Bharat Maruti, Tube Investments of India to consider Dividend & Fund Raising; Jamshri Realty to consider Stock Split; Shree Ram Proteins, Transwarranty Finance to consider Fund Raising; KPI Green Energy to consider Stock Split & Fund Raising

14th May: ACI, AIAENG, APARINDS, APOLLOTYRE, BASF, BHARTIARTL, BHARTIHEXA, BLS, BNRSEC, COLPAL, DALMIASUG, DYCL, EDELWEISS, EMMBI, GANESHHOUC, HPAL, INDAG, JUBLINGREA, KDDL, KELENRG, KIRANVYPAR, KIRLOSBROS, MAGADSUGAR, MATRIMONY, PDSL, PKTEA, POLYCHEM, PTL, RADICO, RAMRAT, SAFARI, SAGCEM, SHREECEM, SHYAMMETL,SPECIALITY, SUMEDHA, SURYAROSNI, TEXINFRA, THEMISMED, THYROCARE, TNPETRO, VMART, ZYDUSWELL to consider Dividend; Andhra Paper to consider Dividend & Stock Split; Bajaj Electricals, Repco Home Finance, Nilkamal, Oberoi Realty to consider Dividend & Fund Raising; Aurionpro Solutions, Gujarat Themis Biosyn to consider Dividend & Bonus issue; Leading Leasing Finance And Investment Co, Sreechem Resins to consider Fund Raising

15th May: ARIHANTSUP, ASAHIINDIA, BERGEPAINT, BHARATSE, CLEAN, CMSINFO, COSMOFIRST, CSLFINANCE, DEEPINDS, DHRUV, DIXON, DUNCANENG, GANGESSECU, GOACARBON, GRANULES, HONAUT, HPL, ICRA, IEX, JSL, JTEKTINDIA, JYOTHYLAB, KOKUYOCMLN, LICHSGFIN, MEDIASSIST, MOIL, MUKANDLTD, NATPLASTI, NCC, NIRLON, NLCINDIA, PALASHSECU, PARADEEP, PFC, PREMCO, RANEHOLDIN, RVNL, SANDUMA, SEQUENT, SICAGEN, SNL, SOMANYCERA, THOMASCOOK, TIRUMALCHM, TITAGARH, VISAKAIND to consider Dividend; Pitti Engineering, Transport Corporation of India, Trident to consider Dividend & Fund Raising; BMW Industries to consider Dividend & Amalgamation; ITCONS E-Solutions, Mankind Pharma to consider Fund Raising; Supreme Infrastructure India to consider Scheme of Arrangement

16th May: ACCELERATE, AKZOINDIA, ALICON, BELLACASA, BIOCON, BOMBCYC, CAPLIPOINT, CENTENKA, CONCOR, CREATIVE, CROMPTON, ELDEHSG, ELIXIR, EMKAY, ENDURANCE, FACT, HARSHA, HINDCON, HITECHCORP, IMPAL, INDIANHUME, INDOCO, INFIBEAM, JKPAPER, KOPRAN, KOTHARIPET, LINCOLN, M&M, MISHTANN, MITSU, MSUMI, NAUKRI, NBIFIN, ORIENTCER, PANCARBON, PERMAGN, POKARNA, PRINCEPIPE, RATNAMANI, SANSERA, SDL, SHREEPUSHK, SOLARINDS, SPIC, STCORP, SUNSHIEL, TEXRAIL, TRITURBINE, ULTRAMAR, VGUARD, WONDERLA to consider Dividend; Sanghvi Movers to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement; eClerx Services to consider Dividend & Buyback; Blue Pearl Texspin, VSF Projects to consider Fund Raising

17th May: ANUHPHR, ASTRAL, BBL, DHANUKA, FOODSIN, GLAXO, GRPLTD, HBSL, INDRAMEDCO, INTENTECH, KSE, LOYALTEX, LTFOODS, MINDTECK, MORARKFI, NHPC, ONWARDTEC, PFIZER, POLYMED, POLYPLEX, PRADPME, PRAKASH, RCF, RPEL, SADHNANIQ, SCI, SOBHA, TASTYBITE, TVTODAY, UNIVCABLES, VICTMILL, VINATIORGA, VINDHYATEL, WESTLEIRES, ZEEL, ZYDUSLIFE to consider Dividend; Centrum Capital, Varroc Engineering to consider Fund Raising; GPT Infraprojects to consider Dividend & Bonus Issue; JSW Steel, Tourism Finance Corporation of India to consider Dividend & Fund Raising; Premier Polyfilm to consider Dividend & Stock Split

18th May: BDH, DATAPATTNS, GIPCL, IFGLEXPOR, KRSNAA, TIDEWATER, UJJIVANSFB, VGCL, VIMTALABS, VINCOFE to consider Dividend; Godha Cabcon & Insulation to consider Fund Raising

19th May: PODDARMENT to consider Dividend;

20th May: BEL, BSL, CARYSIL, DDEVPLASTIK, DEEPAKNTR, GLOBAL, IRFC, KCP, NESCO, OIL, ONGC, TALBROSENG, THANGAMAYL to consider Dividend;

21st May: ACE, BRIGHT, FIEMIND, GREENPLY, GSFC, GULFOILLUB, NGLFINE, PIIND, POWERINDIA, RISHIROOP, TRANSPEK to consider Dividend; SIS to consider Stock Split

Stocks Picker Articles

22 May 2024 05:41

Corporate Actions

Dividend

22-May-24
SBIN: Final Dividend - Rs. - 13.70
PONNIERODE: Dividend - Rs. - 7.00
SESHAPAPER: Final Dividend - Rs. - 5.00
COLPAL: Interim Dividend - Rs. - 36.00
GESHIP: Interim Dividend - Rs. - 10.80
KENNAMET: Interim Dividend - Rs. - 30.00
SULA: Final Dividend - Rs. - 4.50
HIGHENE: Final Dividend - Rs. - 3.00
AVANTEL: Final Dividend - Rs. - 0.20
OBEROIRLTY: Interim Dividend - Rs. - 2.00
TRENT: Dividend - Rs. - 3.20

24-May-24
VEDL: Interim Dividend - Rs. - 11.00
TATACONSUM: Final Dividend - Rs. - 7.75
QGO: Interim Dividend - Rs. - 0.15
TRIDENT: Interim Dividend
BIRET: Income Distribution RITES

27-May-24
STOVACQ: Interim Dividend - Rs. - 115.00

31-May-24
INFY: Final Dividend - Rs. - 28.00
IEX: Final Dividend - Rs. - 1.50
LKPSEC: Final Dividend - Rs. - 0.15
JSWENERGY: Dividend - Rs. - 2.00
ALICON: Interim Dividend - Rs. - 3.00
CAPLIPOINT: Interim Dividend - Rs. - 2.50
PAGEIND: Interim Dividend

IPO
Awfis Space Solutions: Open: 22-May-24; Close: 27-May-24

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

Bonus
Inox Wind: Bonus Issue 3:1; Ex-Date: 25-May-24
Hindustan Petroleum Corp: Bonus Issue 1:2; Ex-Date: 21-Jun-24
Bharat Petroleum Corp: Bonus Issue 1:1; Ex-Date: 22-Jun-24

Stock Split
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24
Som Distilleries: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 24-May-24
Kamdhenu Ventures: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 14-Jun-24

Right Issue
VSF Projects: Ex-Date: 24-May-24
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

Stocks Picker Articles

22 May 2024 04:46

Stock in Action

APL Apollo Tubes Ltd: APL Apollo is a leading branded steel products manufacturer in India and the country’s largest producer of structural steel tubes. It has 11 manufacturing facilities with a capacity to manufacture 3.6mn tpa (tonnes per annum) of structural tubes. APL has an extensive distribution network of warehouses and branch offices in 29 cities across the country, catering to domestic and as many as 20 international markets. Company's 4QFY24 numbers came in line with the consensus estimates. The deterioration in EBITDA spreads for in 4QFY24 was due to higher sales mix of the low margin roofing sheets as compared to the finished tubes which fetch a higher margin. FY25 volume is expected to grow at 20-25%. For the capacity expansion of next 5mn tonnes the capex guided is at Rs 2500-3000 crore. Company is expecting export sales for FY25 to reach around 250kt. Positive on APL Apollo Tubes ltd. given the recovery in capex by both government and private.

Affle India: Affle India is well placed to capture opportunities from favourable industry tailwinds given its competencies in both in-app and on-device ecosystems, end-to-end offerings in the CPCU business model and a first mover advantage in emerging markets. Affle is proxy to India’s growing digital ad spends and it aims to reach more than 10 billion connected devices in future. Affle’s focus on connected TV, IOS market and synergies from consolidation of acquisitions should help in improving margins and deliver growth going forward. The company is well positioned to garner a larger share from improving trends in advertising expenditure not only in its key markets but also in international markets, aided by Youappi’s acquisition and growing investments in AI. Management indicated that the emerging markets should continue to grow at 20-25% in FY24, along with delivering 20%+ PAT growth with the bottoming out of macroeconomic concerns in the developed markets should bode well for Affle as companies will continue to spend for premium user conversions. Positive on Affle India given the favourable industry tailwinds, end-to-end offerings in the CPCU business model and a first mover advantage in emerging markets.

Stocks Picker Articles

22 May 2024 04:23

*Stocks in News*


*Dollar Ind:* Net profit at Rs 33.6 cr vs Rs 0.5 cr, Revenue at Rs 500 cr vs Rs 406 cr. (YoY) (Positive)

*GE T&D:* Net profit at Rs 66 cr vs poll of Rs 51.8 cr, Revenue at Rs 914 cr vs poll of Rs 860 cr. (Positive)

*Eris Life:* Net profit at Rs 80 cr vs Rs 61 cr , Revenue at Rs 551 cr vs Rs 403 cr. (YoY) (Positive)

*Godawari Power:* Net profit at Rs 84.4 cr vs Rs 74.9 cr, Revenue at Rs 1301 cr vs Rs 1174 cr. (YoY) (Positive)

*Fiem Ind:* Net profit at Rs 46 cr vs Rs 38 cr, Revenue at Rs 558 cr vs Rs 436 cr. (YoY) (Positive)

*JK Tyre:* Net profit at Rs 169 cr vs Rs 61 cr (YoY) , Revenue at Rs 3698 cr vs Rs 3632 cr. (YoY) (Positive)

*Hindustan Foods:* Net profit at Rs 23 cr vs Rs 20 cr (YoY) , Revenue at Rs 731 cr vs Rs 660 cr. (YoY) (Positive)

*Action Construction:* Net profit at Rs 98.45 cr vs Rs 47.15 cr, Revenue at Rs 836 cr vs Rs 614 cr (YoY) (Positive)

*Metropolis:* Net profit at Rs 36.5 cr vs Rs 33.5 cr, Revenue at Rs 331 cr vs Rs 283 cr. (YoY) (Positive)

*Hitachi Energy:* Net profit at Rs 114.0 cr vs Rs 50.8 cr, Revenue at Rs 1695 cr vs Rs 1334 cr. (YoY) (Positive)

*Morepan:* Net profit at Rs 28.3 cr vs Rs 8.2 cr, Revenue at Rs 423 cr vs Rs 364 cr. (YoY) (Positive)

*Laxmi Organics:* Net profit at Rs 44 cr vs Rs 27 cr, Revenue at Rs 792 cr vs Rs 694 cr. (YoY) (Positive)

*PI Ind:* Net profit at ₹369.5 cr vs ₹280.6 cr, Revenue at ₹1,741 cr vs ₹1,565.6 cr (YoY) (Positive)

*Gulf Oil:* Net profit up 38.74% at ₹86.2 cr vs ₹62.2 cr, Revenue up 9.8% at ₹869.6 cr vs ₹792 cr (YoY) (Positive)

*Sheela Foam:* Net profit up 49.5% at ₹64.6 cr vs ₹43.2 cr Revenue up 16% at ₹845.2 cr vs ₹729 cr (YoY) (Positive)

*Greenply:* Net profit at Rs 28.4 cr vs Rs 11.1 cr, Revenue at Rs 600.0 cr vs Rs 427 cr. (YoY) (Positive)

*PNC Infratech:* Company declared L1 for two EPC road projects worth ₹4,994 crore of Maharashtra State Road Development Corporation (Positive)

*GR Infraprojects:* Company emerges L1 bidder for two projects worth ₹4,346 crore of Maharashtra State Road Development Corporation Limited (Positive)

*ONGC:* Company says co aims to produce 47 million tonnes of oil equivalent in 3 Years (Positive)

*Dr Reddy:* Company unit in license pact for Alvotech's Denosumab rights in US (Positive)

*Suyog:* Company signs 15-year pact with BSNL for roll-out of sites across India (Positive)

*Ease My Trip:* Company signs a Letter of Intent to join with the ONDC. (Positive)

*Man Industries:* Company gets new export orders worth Rs 505 crore (Positive)

*Ajooni Biotech:* Company opens its rights issue with aim to raise Rs 43.81 crore from existing shareholders. (Positive)

*Shriram Properties:* Company entered a Joint Development Agreement for a 4-acre land parcel in Yelahanka (Positive)

*Biocon:* Company receives approval from U.S. FDA for a drug used to treat different types of eye disorders. (Positive)

*TVS Motor:* Company launches TVS iQube electric scooter in Sri Lanka (Positive)

*Max Life Insurance:* Company plans to hire 30,000 agents and open 50 to 100 new offices in FY25 to drive premium growth. (Positive)

*Lupin:* Company enters into a settlement agmt with Health Care Service w.r.t diabetes drug Glumetza case, to pay $9 m to Health Care Service as part of the settlement (Positive)

*Indoco Remedies:* Company gets U.S. FDA final ANDA approval for Pregabalin capsules. (Positive)

*Vedanta:* Company says suspension of mining ops at iron ore mine revoked (Positive)

*Royal Orchid Hotels:* Company to open 5-star resort in Kevadia, Gujarat (Positive)

*Gulshan Poly:* Net profit at Rs 6.57 cr vs Rs 14.27 cr, Revenue at Rs 406 cr vs Rs 302 cr (YoY) (Neutral)

*Welspun Ent:* Net profit at Rs 85 cr vs Rs 157 cr, Revenue at Rs 821 cr vs Rs 845 cr (YoY) (Neutral)

*VA Tech: Net profit at Rs 78 cr vs loss of Rs 112 cr, Revenue at Rs 934 cr vs Rs 927 cr (YoY) (Neutral)

*BHEL:* Net profit at Rs 484 cr vs Rs 645 cr, Revenue at Rs 8260 cr vs Rs 8227 cr. (YoY) (Neutral)

Stocks Picker Articles

21 May 2024 04:33

*Stock in Action*

*Crompton Greaves Consumer Electricals Ltd:* The company has recorded strong financial performance for the 4th quarter FY24. The revenue for Q4FY24 stood at Rs. 1,961 Cr, up by 16% QoQ basis and by 9% YoY. This growth in the quarter was led by their Electric Consumer Durables (ECD) segment where the revenues increased by 14.3% compared to Q4FY23. For the FY24 revenue stood at Rs. 7,313Cr, up by 6% YoY. The EBIDTA for Q4FY24 stood at Rs. 204 Cr, up by 36% QoQ. For the Full year the EBIDTA was at Rs. 714 Crores. For the quarter PAT stood at Rs. 133 Cr, up by 56% QoQ and for FY24 PAT was at Rs. 442 Cr. The company focused on premiumisation in their new product launches which helped to improve their brand image. The company also crossed a milestone of selling 2 cr+ fans in a year. Also, their E-commerce business recorded highest quarterly revenue with 75% YoY growth in Q4. *Positive on Crompton Greaves Consumer Electricals given its strong quarterly growth and its improving performance in the ECD segment.*

*M&M:* M&M 4QFY24 numbers came ahead of consensus estimates. Improved revenue and reduced raw material costs have led to better operating margins in this segment. The farm equipment segment, however, dragged down the performance of the company. Fuelled by strong demand for new products, the automotive segment registered a YoY volume increase of 13.8%. The company capitalised on higher volumes leading to an operating leverage, a favourable product mix, and a decrease in raw material prices. This led to an expansion of 171 bps in the YoY in EBIT margin. In Farm Equipment business, during the quarter, it lost its market share by 130 basis points compared with Q4 FY23, primarily due to the shift in the Navaratri festival. However, it has gained some of the lost market share in April 2024. The management indicated that Q1 is expected to be muted due to the election in Farm Equipment business. *Positive on M&M given the strong 4QFY24 performance and strong capex to drive the future growth.*

Stocks Picker Articles

21 May 2024 04:32

*Stocks in News*


*Dodla Dairy:* Net profit at Rs 46.8 cr vs Rs 22.5 cr, Revenue at Rs 787 cr vs Rs 724 cr. (YoY) (Positive)

*IRFC:* Net profit at Rs 1,717 cr vs Rs 1,285 cr, Revenue at Rs 6473 cr vs Rs 6194 cr. (YoY) (Positive)

*Apollo Micro:* Net profit at Rs 12.90 cr vs Rs 7.21 cr, Revenue at Rs 135 cr vs Rs 107 cr. (YoY) (Positive)

*Power Mech:* Net profit at Rs 84.4 cr vs Rs 74.9 cr, Revenue at Rs 1301 cr vs Rs 1174 cr. (YoY) (Positive)

*BEL:* Net Profit at Rs 1796 cr vs Rs 1382 cr, Est 1293 cr. Revenues at Rs 8564 cr vs Rs 6479 cr, Est 8271 cr (Positive)

*Kitex:* Net profit at Rs 19.7 cr vs Rs 2.9 cr, Revenue at Rs 173.1 cr vs Rs 97.7 cr. (YoY) (Positive)

*SJS Ent:* Net profit at Rs 27.2 cr vs Rs 15.4 cr, Revenue at Rs 187.0 cr vs Rs 107.0 cr. (YoY) (Positive)

*Carysil:* Net profit at Rs 15.5 cr vs Rs 12.4 cr, Revenue at Rs 191.0 cr vs Rs 146.0 cr. (YoY) (Positive)

*Oil India:* Net profit at Rs 2332 cr vs Rs 1979 cr, Revenue at Rs 10165 cr vs Rs 8936 cr. (YoY) (Positive)

*Windlas:* Net profit at Rs 17.0 cr vs Rs 11.4 cr, Revenue at Rs 171 cr vs Rs 141 cr. (YoY) (Positive)

*Alphageo:* Net profit at Rs 3.9 cr vs loss Rs 1.2 cr, Revenue at Rs 51.9 cr vs Rs 14.1 cr. (YoY) (Positive)

*Shankara:* Net profit at Rs 24 cr vs Rs 19 cr, Revenue at Rs 1376 cr vs Rs 1210 cr. (YoY) (Positive)

*Electrotherm:* Net profit at Rs 102.5 cr vs Rs 39 cr , Revenue at Rs 1217 cr vs Rs 1033 cr. (YoY) (Positive)

*Whirlpool:* Net profit up 24.8% at ₹79.5 cr vs ₹63.7 cr, Revenue up 3.7% at ₹1,734 cr vs ₹1,672.7 cr (YoY) (Positive)

*SAIL:* Net Profit at Rs 1125 cr vs Rs 1039 cr, Est 220 cr. Revenues at Rs 27959 cr vs Rs 29131 cr, Est 27967 cr (Positive)

*Wheels India:* Net profit at Rs 38.3 cr vs Rs 21.4 cr (YoY) , Revenue at Rs 1271 cr vs Rs 1250 cr. (YoY) (Positive)

*Patel Engineering:* Net profit at Rs 141 cr vs Rs 77 cr (YoY) , Revenue at Rs 1343 cr vs Rs 1205 cr. (YoY) (Positive)

*Cipla:* Exelixis in settlement pact with Cipla for Cabometyx (Positive)

*Signature Global:* Company buys 14.65-acre land in Gurugram for around ₹350 crore (Positive)

*Kalpataru Projects:* Company signed Saudi Aramco's EPC project worth Rs 7,550 crore to execute the expansion phase of the Master Gas System Network in Saudi Arabia (Positive)

*RVNL:* Company gets order worth Rs 148 crore from South Eastern Railway for electric traction system (Positive)

*Hariom Pipes:* Company building a pan-India dealer network, focused expansion in south India and key consumption markets of Maharashtra, Gujarat, and Rajasthan (Positive)

*KIMS:* Company enters definitive agreement to lease land and purchase building for hospital in thane, Mumbai, set to open with 290 - bed capacity by Q4 2025 (Positive)

*Rites:* Company signed a contract with Bangladesh Railways to supply 200 broad-gauge passenger carriages to the neighbouring country. (Positive)

*Patel Engineering:* Company acquires 10 % strategic stake in start-up tunnel boring machine supply Company (Positive)

*GAIL:* Company has signed a 14-year Time Charter Party with Cool Company Ltd, in a move to bolster its LNG carrier fleet, for a newly built LNG carrier (Positive)

*IDFC FIRST BANK:* Company majority shareholders approved the amalgamation of IDFC ltd with the bank (Positive)

*Global Health:* Company says 47 ward beds to be added in q1 FY25 in Lucknow and 2 additional ICU’S (56 beds), dialysis extension (23 beds) and chemo day care (17 beds) to be added in h1 FY2025 in PATNA (Positive)

*Phoenix Mills:* Company updated regarding acquisition of 6.56 acre land at Whitefield, Bangalore currently under planning and design stage land cost of 230 cr rupees. (Positive)

*Godrej Properties:* Company acquires 10 land parcels in FY24 to build projects worth Rs 21,000 crore (Positive)

*Solara Industries:* U.S. FDA inspection at Solara Industries' Vishakhapatnam facility closes with zero observations. (Positive)

Stocks Picker Articles

16 May 2024 05:23

Forthcoming Event

16th May: ACCELERATE, AKZOINDIA, ALICON, BELLACASA, BIOCON, BOMBCYC, CAPLIPOINT, CENTENKA, CONCOR, CREATIVE, CROMPTON, ELDEHSG, ELIXIR, EMKAY, ENDURANCE, FACT, HARSHA, HINDCON, HITECHCORP, IMPAL, INDIANHUME, INDOCO, INFIBEAM, JKPAPER, KOPRAN, KOTHARIPET, LINCOLN, M&M, MISHTANN, MITSU, MSUMI, NAUKRI, NBIFIN, ORIENTCER, PANCARBON, PERMAGN, POKARNA, PRINCEPIPE, RATNAMANI, SANSERA, SDL, SHREEPUSHK, SOLARINDS, SPIC, STCORP, SUNSHIEL, TEXRAIL, TRITURBINE, ULTRAMAR, VGUARD, WONDERLA to consider Dividend; Sanghvi Movers to consider Dividend & Stock Split; Hybrid Financial Services to consider Scheme of Arrangement; eClerx Services to consider Dividend & Buyback; Blue Pearl Texspin, VSF Projects to consider Fund Raising; Vedanta to consider Dividend & Fund Raising

17th May: ANUHPHR, ASTRAL, BBL, DHANUKA, FOODSIN, GLAXO, GRPLTD, HBSL, INDRAMEDCO, INTENTECH, KSE, LOYALTEX, LTFOODS, MINDTECK, MORARKFI, NHPC, ONWARDTEC, PFIZER, POLYMED, POLYPLEX, PRADPME, PRAKASH, RCF, RPEL, SADHNANIQ, SCI, SOBHA, TASTYBITE, TVTODAY, UNIVCABLES, VICTMILL, VINATIORGA, VINDHYATEL, WESTLEIRES, ZEEL, ZYDUSLIFE to consider Dividend; Centrum Capital, Varroc Engineering, GMR Power and Urban Infra to consider Fund Raising; GPT Infraprojects to consider Dividend & Bonus Issue; JSW Steel, Tourism Finance Corporation of India to consider Dividend & Fund Raising; Premier Polyfilm to consider Dividend & Stock Split

18th May: BDH, DATAPATTNS, GIPCL, IFGLEXPOR, KRSNAA, TIDEWATER, UJJIVANSFB, VGCL, VIMTALABS, VINCOFE to consider Dividend; Godha Cabcon & Insulation to consider Fund Raising

19th May: PODDARMENT to consider Dividend;

20th May: BEL, BSL, CARYSIL, DDEVPLASTIK, DEEPAKNTR, GLOBAL, IRFC, KCP, NESCO, OIL, ONGC, TALBROSENG, THANGAMAYL to consider Dividend;

21st May: ACE, BRIGHT, FIEMIND, GREENPLY, GSFC, GULFOILLUB, NGLFINE, PIIND, POWERINDIA, RISHIROOP, TRANSPEK to consider Dividend; SIS to consider Stock Split

22nd May: AVANTIFEED, CHEMFAB, ECOPLAST, EVERESTIND, FAIRCHEMOR, GLAND, GPPL, GRASIM, GRSE, INDIGOPNTS, IVC, JUBLFOOD, RAMCOCEM to consider Dividend; PG Electroplast to consider Dividend & Stock Split; Bridge Securities to consider Stock Split; Indian Bank to consider Fund Raising

23rd May: BANARISUG, BIKAJI, ESABINDIA, IGARASHI, ITC, KAKATCEM, LAKSELEC, LXMIATO, NUCLEUS, PAGEIND, SMLISUZU, SUBROS, TAJGVK, TDPOWERSYS, VAIBHAVGBL to consider Dividend; KPI Green Energy to consider Stock Split; GOCL Corporation to consider Dividend & Fund Raising

24th May: BOSCHLTD, DVL, EXCELINDUS, HEG, JMFINANCIL, MANAPPURAM, MCDOWELL-N, METROGLOBL, PPL, SHIVAMILLS, TNPL, TTKHLTCARE, VIRAT to consider Dividend; Balmer Lawrie & Company to consider Dividend, Bonus Issue & Buyback; Rushil Decor to consider Stock Split

25th May: Clara Industries to consider Dividend & Bonus issue; WPIL to consider Dividend & Stock Split

Stocks Picker Articles

16 May 2024 05:04

Bulk Deal & Insider Trade Update

Bulk Deals
*Cipla Ltd : Icici Prudential Mutual Fund Buy 5525999 Shares @ Rs. 1345
*Tbo Tek Limited : Norges Bank On Account Of The Government Pension Fund Global Buy 868000 Shares @ Rs. 1424.61
*Tbo Tek Limited : Goldman Sachs Fds Goldman Sachs India Eq Portfolio Buy 653187 Shares @ Rs. 1411.35
*Tbo Tek Limited : Valuequest Investment Advisors Private Limited Buy 593000 Shares @ Rs. 1425.37
*Tbo Tek Limited : Nomura Funds Ireland Plc Nomura Funds Ireland India Equity Fund Buy 600000 Shares @ Rs. 1391.06

Insider Trade
*Acquisition*
* Bajaj Allianz Life Insurance Company Limited Promoter Group Acquisition 15000 shares of Bajaj Finance Limited on 10-May-24
* RAINBOW INVESTMENTS LTD Promoter Group Acquisition 10700 shares of Stel Holdings Ltd
* Om Prakash Manchanda Director Acquisition 10336 shares of Dr. Lal Pathlabs Ltd on 13-May-24

*Disposal*
* Krish Bhavesh Thakkar Promoter Disposal 84500 shares of Adf Foods Ltd.-$ on 13-May-24
* Ritika Vegetable Oil Private Limited Promoter Group Disposal 139859 shares of Sarda Proteins Ltd. on 14-May-24
* Vizag Profiles Private Limited Promoter Group Disposal 4100000 shares of Steel Exchange India Ltd. on 14-May-24
* Om Prakash Manchanda Director Disposal 14336 shares of Dr. Lal Pathlabs Ltd on 14-May-24
* PURUSHOTTAM C MANDHANA HUF Promoter Disposal 562 shares of Heads Up Ventures Ltd on 14-May-24

Dividend Update
*Tata Consultancy Services Ltd. Final Dividend Rs. 28 Ex Date 16-May-2024

*Result Today*
Mahindra & Mahindra Ltd.
Hindustan Aeronautics Ltd.
GAIL (India) Ltd.
Solar Industries India Ltd.
Info Edge (India) Ltd.
Vodafone Idea Ltd.
Container Corporation Of India Ltd.
The Fertilisers And Chemicals Travancore Ltd.
Biocon Ltd.
Motherson Sumi Wiring India Ltd.
Endurance Technologies Ltd.
Ratnamani Metals & Tubes Ltd.
Crompton Greaves Consumer Electricals Ltd.
Triveni Turbine Ltd.
Kaynes Technology India Ltd.
Krishna Institute of Medical Sciences Ltd
V-Guard Industries Ltd.
eClerx Services Ltd.
Akzo Nobel India Ltd.
Infibeam Avenues Ltd.
Caplin Point Laboratories Ltd.
Prism Johnson Ltd.
Texmaco Rail & Engineering Ltd.
Prince Pipes and Fittings Ltd.
JK Paper Ltd.
Wonderla Holidays Ltd.
Sanghvi Movers Ltd.
Sansera Engineering Ltd.
Restaurant Brands Asia Ltd.
IIFL Securities Ltd.
Harsha Engineers International Ltd.
DCX Systems Ltd.
Avalon Technologies Ltd.
Indoco Remedies Ltd.
TCNS Clothing Co. Ltd.
Mishtann Foods Ltd.
DCW Ltd.
Southern Petrochemical Industries Corporation Ltd.
Indian Hume Pipe Company Ltd.
Pokarna Ltd.
Summit Securities Ltd.
Allcargo Gati Ltd.
Alicon Castalloy Ltd.
Kopran Ltd.
India Motor Parts & Accessories Ltd.
Lincoln Pharmaceuticals Ltd.
Creative Newtech Ltd.
Ultramarine & Pigments Ltd.
Permanent Magnets Ltd.
Century Enka Ltd.
Sarveshwar Foods Ltd.
Eldeco Housing & Industries Ltd.
Kothari Petrochemicals Ltd.
Digispice Technologies Ltd.
Orient Ceratech Ltd.
Swadeshi Polytex Ltd.
Zodiac Energy Ltd.
Shree Pushkar Chemicals & Fertilisers Ltd.
Sunshield Chemicals Ltd.
Wanbury Ltd.
N.B.I. Industrial Finance Co. Ltd.

Stocks Picker Articles

16 May 2024 04:43

*Stocks in News*


*Transport Corp:* Net profit at Rs 103 cr vs Rs 26 cr (YoY), Revenue at Rs 1079 cr vs Rs 979 cr (YoY) (Positive)

*Honeywell Automation:* Net profit at Rs 148 cr vs Rs 112 cr (YoY) , Revenue at Rs 951 cr vs Rs 850 cr. (YoY) (Positive)

*Somany Ceramics:* Net profit at Rs 34 cr vs Rs 24 cr (YoY) , Revenue at Rs 732 cr vs Rs 675 cr. (YoY) (Positive)

*Titagarh Rail:* Net profit up 64% at ₹79 cr vs ₹48.2 cr, Revenue up 8% at ₹1,052.4 cr vs ₹974.2 cr (YoY) (Positive)

*CMS:* Net profit up 14.3% at ₹91.4 cr vs ₹80 cr, Revenue up 25.1% at ₹627 cr vs ₹501 cr (YoY) (Positive)

*Mankind:* Net profit up 65.1% at ₹471.2 cr vs ₹285.4 cr, Revenue up 19% At ₹2,441.1 Cr Vs ₹2,052.7 Cr (YoY) (Positive)

*Pricol:* Net profit up 39.3% at ₹41.5 cr vs ₹29.8 cr, Revenue up 11.1% at ₹566.2 cr vs ₹509.7 cr (YoY) (Positive)

*Medi Assist:* Net Profit at Rs 25.8 cr Vs Rs 17.1 cr, Revenue at Rs 167 cr vs Rs 136 cr (YoY) (Positive)

*M&M:* Company says XUV 3XO registers over 50,000 bookings within 60 minutes (Positive)

*Eicher Motors:* Company’s unit VE Commercial Vehicles enters into joint venture agreement with I Triangle Info tech. (Positive)

*Oil upstream stocks:* Windfall Tax on crude oil cut to ₹5,700/t from ₹8,400/t (Positive)

*Aadhar Housing:* Blue Diamond bought 23,00,000 Shares at Rs 315/ Share (Positive)

*Infosys:* SAPE marsys in pact for customer engagement platform (Positive)

*Arrow Green:* Company announced grant of process for making medicated bands which allow application of more than one medication for delivery to the wound and bands made by them (Positive)

*Quick Heal:* Company partners with EET Group for cybersecurity solutions in Europe (Positive)

*TVS Motor:* Company introduces operations in Italy (Positive)

*Easy trip planners:* company partners with google wallet to elevate travel experience (Positive)

*Berger Paints:* Net profit up 19.5% at ₹222.6 cr vs ₹185.7 cr, Revenue up 3.1% at ₹2,520.3 cr vs ₹2,443.6 cr (YoY) (Neutral)

*NCC:* Net profit at Rs 187 cr vs Rs 178 cr (YoY), Revenue at Rs. 5646 cr vs Rs 4016 cr. (YoY) (Neutral)

*Kokuyo Camlin:* Net profit at Rs 10 cr vs Rs 9 cr (YoY), Revenue at Rs.217 cr vs Rs 216 cr. (YoY) (Neutral)

*Jindal Stainless:* Net profit at Rs 501 cr vs Rs 716 cr (YoY) , Revenue at Rs 9454 cr vs Rs 9765 cr. (YoY) (Neutral)

*DLF:* Company says guidance for fiscal '24-'25 is Rs. 17, 000 crores in sales (Neutral)

*Paradeep Phosphates:* Net profit at Rs 21.5 cr vs Rs 10 cr, Revenue at Rs 2242 cr vs Rs 3644 cr. (YoY) (Neutral)

*Redington:* Net profit up 10% at ₹325.6 cr vs ₹310.1 cr, Revenue up 2.7% at ₹22,433.4 cr vs ₹21,848.6 cr (YoY) (Neutral)

*LIC Housing:* Net profit down 7.6% at ₹1,090.8 cr vs ₹1,180 cr, NII up 12.4% at ₹2,237.6 cr vs ₹1,990.3 cr (YoY) (Neutral)

*MOIL:* Net profit up 12.6% at ₹91.1 cr vs ₹81 cr, Revenue down 2.8% at ₹416 cr vs ₹428.1 cr (YoY) (Neutral)

*Goa Carbon:* Net profit up 77.4% at ₹9.4 cr vs ₹5.3 cr, Revenue down 43.5% at ₹178.5 cr vs ₹316 cr (YoY) (Neutral)

*Dixon Tech:* Net profit at Rs 98.5 cr vs Rs 79 cr (YoY) , Revenue at Rs 4658 cr vs Rs 3065 cr. (YoY) (Neutral)

*Signature:*Net profit at ₹41.0 cr vs ₹7.7 cr, Revenue at ₹694 cr vs ₹705 cr (YoY) (Neutral)

*Star Cement:* NCLT approves amalgamation of 3 units of Star Cement with arm Star Cement Meghalaya. (Neutral)

*SBI:* Company Hikes DEPOSIT Rates Deposit rates hiked by 0.25% - 0.75% (Neutral)

*JK Cement:* Company’s board approves re-appointment of Raghavpat Singhania as MD for 5 years w.e.f. June 17, 2025. (Neutral)

*HDFC Life Insurance:* Company declares all-time high bonus of ₹3,722 crore (Neutral)

*Bajaj finance:* Company allotted NCD'S worth up to 13.05B Rupees (Neutral)

*NLC India:* Net profit down 86.2% at ₹114.2 cr vs ₹830 cr, Revenue down 31% at ₹3,540 cr vs ₹5,134 cr (YoY) (Negative)

*Visaka:* Net profit at Rs 1.0 cr vs Rs 4.0 cr, Revenue at Rs 396 cr vs Rs 452 cr (YoY) (Negative)

Stocks Picker Articles

15 May 2024 05:22

*Corporate Actions*

Aadhar Housing Finance will list its equity shares on the BSE and NSE on May 15. The issue price has been fixed at Rs. 315 per share.

TBO Tek will commence on the bourses with effect from May 15. The final issue price has been fixed at Rs. 920 per share.

Andhra Paper has approved the Sub-Division / Split of 1 Equity Share of face value of Rs.10/¬ each into 5 Equity Shares of Rs. 2/- each, subject to the approval of the members of the Company in the ensuing 60th Annual General Meeting.

Aurionpro Solutions has approved Issue of Bonus Shares to the equity shareholders in the ratio of 1:1 i.e., 1 new Equity Shares each for every 1 existing Equity Share each held subject to the approval of the shareholders of the Company.

Gujarat Themis Biosyn has approved Issue of Bonus Shares to the equity shareholders in the ratio of 1:2 i.e., 1 new Equity Shares each for every 2 existing Equity Share each held subject to the approval of the shareholders of the Company.

*Dividend*

*15-May-24*
HINDZINC: Interim Dividend - Rs. - 10.00
ADORWELD: Interim Dividend - Rs. - 18.50
APTUS: Interim Dividend - Rs. - 2.50
COFORGE: Interim Dividend - Rs. - 19.00
IRB: Interim Dividend - Rs. - 0.10

*16-May-24*
TCS: Final Dividend - Rs. - 28.00

*17-May-24*
ADORFO: Interim Dividend - Rs. - 6.00
NICCOPAR: Interim Dividend - Rs. - 0.50
CRAFTSMAN: Final Dividend - Rs. - 11.25
NXST: Income Distribution RITES
ADVENZYMES: Interim Dividend

*22-May-24*
PONNIERODE: Dividend - Rs. - 7.00
SBIN: Final Dividend - Rs. - 13.70
SESHAPAPER: Final Dividend - Rs. - 5.00
KENNAMET: Interim Dividend - Rs. - 30.00
SULA: Final Dividend - Rs. - 4.50
HIGHENE: Final Dividend - Rs. - 3.00
AVANTEL: Final Dividend - Rs. - 0.20
TRENT: Dividend - Rs. - 3.20
COLPAL: Dividend
OBEROIRLTY: Interim Dividend
TRIDENT: Interim Dividend


*IPO*
Go Digit General Insurance: Open: 15-May-24; Close: 17-May-24

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

*Bonus*
Titan Intech: Bonus Issue 3:5; Ex-Date: 17-May-24
Newtime Infrastructure: Bonus Issue 2:1; Ex-Date: 21-May-24
Hindustan Petroleum Corp: Bonus Issue 1:2; Ex-Date: 21-Jun-24
Bharat Petroleum Corp: Bonus Issue 1:1; Ex-Date: 22-Jun-24

*Stock Split*
Canara Bank: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-May-24
Vardhman Polytex: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

*Right Issue*
Solara Active Pharma Sciences: Ex-Date: 15-May-24
Viji Finance: Ex-Date: 15-May-24
IFL Enterprises: Ex-Date: 17-May-24
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

*Amalgamation*
Jaysynth Dyestuff: Ex-Date: 17-May-24

Stocks Picker Articles

15 May 2024 04:54

*Fund Houses Recommendations*


Jefferies on *Siemens:* Maintain Buy on Company, raise target price at Rs 8000/Sh (Positive)

Incred on *Siemens:* Maintain Buy on Company, raise target price at Rs 7565/Sh (Positive)

Nuvama on *Siemens:* Maintain Buy on Company, target price at Rs 7700/Sh (Positive)

MS on *Bharti Airtel:* Maintain Overweight on Company, target price at Rs 1330/Sh (Positive)

Jefferies on *Bharti Airtel:* Maintain Buy on Company, raise target price at Rs 1590/Sh (Positive)

BofA on *Bharti Airtel:* Maintain Buy on Company, raise target price at Rs 1430/Sh (Positive)

UBS on *Bharti Airtel:* Maintain Buy on Company, target price at Rs 1310/Sh (Positive)

MS on *Shree Cement:* Maintain Overweight on Company, target price at Rs 30000/Sh (Positive)

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

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

UBS on *Navin Flourine:* Initiate Buy on Company, target price at Rs 4250/Sh (Positive)

JP Morgan on *Blue Jet:* Initiate Neutral on Company, target price at Rs 360/Sh (Neutral)

Nomura on *AIA:* Maintain Reduce on Company, target price at Rs 3580/Sh (Neutral)

UBS on *Aarti Ind:* Initiate Sell on Company, target price at Rs 615/Sh (Neutral)

UBS on *Gujarat Flouro:* Initiate Sell on Company, target price at Rs 3000/Sh (Neutral)

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

Macquarie on *Shree Cem:* Maintain Neutral on Company, target price at Rs 27034/Sh (Neutral)

Jefferies on *Shree Cem:* Maintain Hold on Company, target price at Rs 29500/Sh (Neutral)

Citi on *JK Cem:* Maintain Sell on Company, target price at Rs 3550/Sh (Neutral)

Nuvama on *Devyani:* Maintain Buy on Company, target price at Rs 212/Sh (Neutral)

Emkay on *Devyani:* Maintain Reduce on Company, target price at Rs 160/Sh (Neutral)

Stocks Picker Articles

15 May 2024 04:53

*Stocks in News*


*Siemens:* Net profit at Rs 803 cr vs poll Rs 548 cr, Revenue at Rs 5750 cr vs poll of Rs 5566 cr (Positive)

*Kirlos Bros:* Net profit at ₹142.7 cr vs ₹90.7 cr (YoY), Revenue 9% at ₹1,224 cr vs ₹1,124 cr (YoY) (Positive)

*Radico:* Net Profit at Rs 54 cr Vs Rs 43 cr, Revenue at Rs 1079 cr vs Rs 832 cr (YoY) (Positive)

*Thyrocare:* Net Profit at Rs 17.2 cr Vs Rs 12.5 cr, Revenue at Rs 154 cr vs Rs 136 cr (YoY) (Positive)

*Bharti Hexa:* Net Profit at Rs 223 cr Vs Rs 202 cr, Revenue at Rs 1868 cr vs Rs 1733 cr (YoY) (Positive)

*Oberoi:* Net Profit at Rs 788 cr Vs Rs 480 cr, Revenue at Rs 1315 cr vs Rs 961 cr (YoY) (Positive)

*Safari:* Net Profit at Rs 43.2 cr Vs Rs 38.0 cr, Revenue at Rs 365 cr vs Rs 303 cr (YoY) (Positive)

*Repco Home:* Net Profit at Rs 113.7 cr Vs Rs 84.0 cr, NII at Rs 163 cr vs Rs 147 cr (YoY) (Positive)

*Shree Cement:* Net Profit at ₹ 661.8 cr vs poll ₹ 608 cr, Revenue at ₹5,101 cr vs poll ₹ 4,945 cr (Positive)

*Colgate:* Net profit at Rs 379.8 cr vs poll of Rs 365 cr, Revenue at Rs 1,490 cr vs poll of Rs 1,486 cr (Positive)

*Apar Industries:* Company has recommended a Final dividend of Rs.51 per share (Positive)

*Infosys:* Company in multi-year pact with UAE's First Abu Dhabi Bank to optimize and modernize IT infra (Positive)

*Shyam Metaliks:* Approved CAPEX of RS 700cr for production of flat rolled aluminum products (Positive)

*RBL Bank:*Company receives RBI's approval for Quant Money Managers Ltd acquisition (Positive)

*IndiGo:*Company plans to expand regional network with order of 100 smaller planes (Positive)

*Shilpa Med:* Clinical trial completed of liver disease treatment drug (Positive)

*Aurionpro:* Approved Issue of Bonus Shares in the ratio of 1: 1 (Positive)

*Bharti Airtel:* Net Profit at Rs 2068 crore versus poll of Rs 2050 crore, Revenues at Rs 37599.0 crore versus poll of Rs 38315 crore (Neutral)

*AIA Engg:* Net profit at ₹260.5 cr vs ₹268.2 cr (YoY), Revenue at ₹1,150 cr vs ₹1,274 cr (YoY) (Neutral)

*CE Info:* Net profit at Rs 38 cr vs Rs 31 cr, Revenue at Rs 107.0 cr vs Rs 92.0 cr (Neutral)

*Jubilant Ingre:* Net profit at Rs 29 cr vs Rs 39 cr, Revenue at Rs 1074.0 cr vs Rs 966.0 cr (Neutral)

*BLS INTL:* Net profit at ₹85.45 cr vs ₹76.73 cr, Revenue at ₹448 cr vs ₹449 cr (YoY) (Neutral)

*Shyam Metalics:* Net profit at ₹220. Cr vs ₹254.2 cr, Revenue at ₹3,606 cr vs ₹3,428 cr (YoY) (Neutral)

*Nilkamal:* Net profit at ₹36 cr vs ₹48 cr, Revenue at ₹834 cr vs ₹829 cr (QoQ) (Neutral)

*Surya Roshni:* Net profit at ₹103.9 cr vs ₹155.5 cr, Revenue at ₹2,080 cr vs ₹2,151 cr (YoY) (Neutral)

*Patanjali:* Net profit at ₹206.3 cr vs ₹263.7 cr, Revenue at ₹8222 cr vs ₹7873 cr (YoY) (Neutral)

*Apollo Tyres:*Net profit at ₹354 cr vs ₹410.3 cr, Revenue at ₹6,258 cr vs ₹6,247.3 cr (YoY) (Neutral)

*Andhra Paper:*Company approves splitting each share into 5 (Neutral)

*M&M:* Mahindra Holdings to sell its 30.84% stake in New Delhi Centre For Sight for Rs 425.4 crore to Space Investments, Defati Investments & Infinity Partners (Neutral)

*Siemens India:*Company announces capex of over Rs 1,000 crore for expansion of operations. (Neutral)

*Big Bloc Construction:* Company announces temporary shutdown of Umargam plant for 45-60 days (Neutral)

*Cipla:* Promoter Group looking to sell upto 2.53% stake in Cipla via block deal, offer size at ₹2,637 cr (Neutral)

*IOL CP:* Net profit at Rs 27.6 cr vs Rs 64.8 cr, Revenue at Rs 504 cr vs Rs 587 cr (YoY) (Negative)

*Butterfly:* Net loss at Rs 19.8 cr vs Rs 1.6 cr, Revenue at Rs 166 cr vs Rs 187 cr (YoY) (Negative)

*Dalmia Sugar:* Net profit at Rs 91.0 cr vs Rs 125.0 cr, Revenue at Rs 750 cr vs Rs 1149 cr (YoY) (Negative)

*Speciality:* Net profit at Rs 3 cr vs Rs 56 cr, Revenue at Rs 96 cr vs Rs 88 cr (YoY) (Negative)

*VMart:* Net loss at Rs 39 cr vs Rs 37 cr, Revenue at Rs 669 cr vs Rs 594 cr (YoY) (Negative)

*DCM Nouvelle:* A fire at one of the cotton warehouses of the Company at Hisar Plant (Negative)

Stocks Picker Articles

14 May 2024 05:43

Corporate Actions

Dividend

14-May-24
OMAXAUTO: Interim Dividend - Rs. - 1.00
GODREJCP: Interim Dividend - Rs. - 10.00
GRAVITA: Interim Dividend - Rs. - 5.20

15-May-24
HINDZINC: Interim Dividend - Rs. - 10.00
ADORWELD: Interim Dividend - Rs. - 18.50
APTUS: Interim Dividend - Rs. - 2.50
COFORGE: Interim Dividend - Rs. - 19.00
IRB: Interim Dividend - Rs. - 0.10

16-May-24
TCS: Final Dividend - Rs. - 28.00

17-May-24
ADORFO: Interim Dividend - Rs. - 6.00
NICCOPAR: Interim Dividend - Rs. - 0.50
CRAFTSMAN: Final Dividend - Rs. - 11.25
NXST: Income Distribution RITES
ADVENZYMES: Interim Dividend

22-May-24
PONNIERODE: Dividend - Rs. - 7.00
SBIN: Final Dividend - Rs. - 13.70
SESHAPAPER: Final Dividend - Rs. - 5.00
KENNAMET: Interim Dividend - Rs. - 30.00
SULA: Final Dividend - Rs. - 4.50
HIGHENE: Final Dividend - Rs. - 3.00
AVANTEL: Final Dividend - Rs. - 0.20
TRENT: Dividend - Rs. - 3.20
COLPAL: Dividend
OBEROIRLTY: Interim Dividend
TRIDENT: Interim Dividend


IPO
Go Digit General Insurance: Open: 15-May-24; Close: 17-May-24

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

Bonus
Titan Intech: Bonus Issue 3:5; Ex-Date: 17-May-24
Newtime Infrastructure: Bonus Issue 2:1; Ex-Date: 21-May-24
Hindustan Petroleum Corp: Bonus Issue 1:2; Ex-Date: 21-Jun-24
Bharat Petroleum Corp: Bonus Issue 1:1; Ex-Date: 22-Jun-24

Stock Split
Canara Bank: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-May-24
Vardhman Polytex: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

Right Issue
DSJ keep Learning: Ex-Date: 14-May-24
Solara Active Pharma Sciences: Ex-Date: 15-May-24
Viji Finance: Ex-Date: 15-May-24
IFL Enterprises: Ex-Date: 17-May-24
IIFL Finance: Open: 30-Apr-24; Close: 14-May-24
Ashapuri Gold Ornament: 08-May-24; Close: 27-May-24
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

Amalgamation
Jaysynth Dyestuff: Ex-Date: 17-May-24

Stocks Picker Articles

14 May 2024 04:54

*Fund Houses Recommendations*


UBS on *HAL:* Maintain Buy on Company, raise target price at Rs 5200/Sh (Positive)

Jefferies on *Thermax:* Maintain Buy on Company, raise target price at Rs 5480/Sh (Positive)

Jefferies on *Piramal Pharma:* Maintain Buy on Company, raise target price at Rs 180/Sh (Positive)

Jefferies on *VBL:* Maintain Buy on Company, raise target price at Rs 1650/Sh (Positive)

Jefferies on *AB Capital:* Maintain Buy on Company, raise target price at Rs 255/Sh (Positive)

CLSA on *Shariram Fin:* Maintain Outperform on Company, target price at Rs 2800/Sh (Positive)

Kotak on *Shariram Fin:* Maintain Buy on Company, target price at Rs 3000/Sh (Positive)

MS on *Shariram Fin:* Maintain Overweight on Company, target price at Rs 3050/Sh (Positive)

Bernstein on *Zomato:* Maintain Outperform on Company, raise target price at Rs 230/Sh (Positive)

CLSA on *Zomato:* Maintain Buy on Company, target price at Rs 248/Sh (Positive)

UBS on *Zomato:* Maintain Buy on Company, target price at Rs 250/Sh (Positive)

Citi on *Zomato:* Maintain Buy on Company, target price at Rs 235/Sh (Positive)

Jefferies on *Zomato:* Maintain Buy on Company, target price at Rs 230/Sh (Positive)

MS on *VBL:* Maintain Overweight on Company, target price at Rs 1701/sh (Positive)

MOSL on *VBL:* Maintain Buy on Company, target price at Rs 1720/sh (Positive)

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

Nuvama on *JSPL:* Maintain Buy on Company, target price at Rs 1185/sh (Positive)

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

Jefferies on *UPL:* Maintain Buy on Company, target price at Rs 610/sh (Positive)

Investec on *Home First:* Initiate Buy on Company, target price at Rs 1200/sh (Positive)

Nomura on *ABB:* Maintain Buy on Company, raise target price at Rs 7610/Sh (Positive)

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

Jefferies on *UPL:* Maintain Buy on Company, cut target price at Rs 610/Sh (Neutral)

MOSL on *UPL:* Maintain Buy on Company, cut target price at Rs 560/Sh (Neutral)

Citi on *JSPL:* Maintain Sell on Company, target price at Rs 800/Sh (Neutral)

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

MS on *DLF:* Maintain Equal weight on Company, target price at Rs 900/Sh (Neutral)

Citi on *Thermax:* Maintain Sell on Company, target price at Rs 2986/Sh (Neutral)

Nuvama on *Thermax:* Maintain Sell on Company, target price at Rs 2475/Sh (Neutral)

MS on *Zomato:* Maintain Overweight on Company, target price at Rs 180/Sh (Neutral)

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

Stocks Picker Articles

13 May 2024 05:03

22nd May: AVANTIFEED, CHEMFAB, ECOPLAST, EVERESTIND, FAIRCHEMOR, GLAND, GPPL, GRASIM, GRSE, INDIGOPNTS, IVC, JUBLFOOD, RAMCOCEM to consider Dividend; PG Electroplast to consider Dividend & Stock Split; Bridge Securities to consider Stock Split

23rd May: BANARISUG, BIKAJI, ESABINDIA, IGARASHI, ITC, KAKATCEM, LAKSELEC, LXMIATO, NUCLEUS, PAGEIND, SMLISUZU, SUBROS, TAJGVK, TDPOWERSYS, VAIBHAVGBL to consider Dividend; KPI Green Energy to consider Stock Split; GOCL Corporation to consider Dividend & Fund Raising

24th May: BOSCHLTD, DVL, EXCELINDUS, HEG, JMFINANCIL, MANAPPURAM, MCDOWELL-N, METROGLOBL, PPL, SHIVAMILLS, TNPL, TTKHLTCARE, VIRAT to consider Dividend; Balmer Lawrie & Company to consider Dividend, Bonus Issue & Buyback; Rushil Decor to consider Stock Split

25th May: Clara Industries to consider Dividend & Bonus issue; WPIL to consider Dividend & Stock Split

Stocks Picker Articles

13 May 2024 05:02

Corporate Actions

Dividend

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

14-May-24
OMAXAUTO: Interim Dividend - Rs. - 1.00
GODREJCP: Interim Dividend - Rs. - 10.00
GRAVITA: Interim Dividend - Rs. - 5.20

15-May-24
HINDZINC: Interim Dividend - Rs. - 10.00
ADORWELD: Interim Dividend - Rs. - 18.50
APTUS: Interim Dividend - Rs. - 2.50
COFORGE: Interim Dividend - Rs. - 19.00
IRB: Interim Dividend - Rs. - 0.10

16-May-24
TCS: Final Dividend - Rs. - 28.00

17-May-24
ADORFO: Interim Dividend - Rs. - 6.00
NICCOPAR: Interim Dividend - Rs. - 0.50
CRAFTSMAN: Final Dividend - Rs. - 11.25
NXST: Income Distribution RITES
ADVENZYMES: Interim Dividend

22-May-24
PONNIERODE: Dividend - Rs. - 7.00
SBIN: Final Dividend - Rs. - 13.70
SESHAPAPER: Final Dividend - Rs. - 5.00
KENNAMET: Interim Dividend - Rs. - 30.00
SULA: Final Dividend - Rs. - 4.50
HIGHENE: Final Dividend - Rs. - 3.00
AVANTEL: Final Dividend - Rs. - 0.20
TRENT: Dividend - Rs. - 3.20
COLPAL: Dividend
OBEROIRLTY: Interim Dividend
TRIDENT: Interim Dividend


IPO
Go Digit General Insurance: Open: 15-May-24; Close: 17-May-24

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

Bonus
Titan Intech: Bonus Issue 3:5; Ex-Date: 17-May-24
Newtime Infrastructure: Bonus Issue 2:1; Ex-Date: 21-May-24
Hindustan Petroleum Corp: Bonus Issue 1:2; Ex-Date: 21-Jun-24
Bharat Petroleum Corp: Bonus Issue 1:1; Ex-Date: 22-Jun-24

Stock Split
Canara Bank: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-May-24
Vardhman Polytex: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-May-24
Bharat Dynamics: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-May-24

Right Issue
DSJ keep Learning: Ex-Date: 14-May-24
Solara Active Pharma Sciences: Ex-Date: 15-May-24
Viji Finance: Ex-Date: 15-May-24
IFL Enterprises: Ex-Date: 17-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
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

Amalgamation
Jaysynth Dyestuff: Ex-Date: 17-May-24