Stocks Picker Articles

29 May 2024 05:17

Corporate Actions

Kaycee Industries has approved Sub-division/Split of Equity Shares having face value of Rs. 100 into 10 equity shares having face value of Rs. 10/- each, subject to approval of the shareholders of the Company.

Dividend

30-May-24
GPTINFRA: Interim Dividend - Rs. - 1.00
LTFOODS: Interim Dividend - Rs. - 0.50

31-May-24
INFY: Final Dividend - Rs. - 28.00
MUTHOOTFIN: Interim Dividend - Rs. - 24.00
GLAXO: Final Dividend - Rs. - 32.00
ADVANIHOTR: Interim Dividend - Rs. - 0.80
IEX: Final Dividend - Rs. - 1.50
LKPSEC: Final Dividend - Rs. - 0.15
JSWENERGY: Dividend - Rs. - 2.00
HAVELLS: Final Dividend - Rs. - 6.00
ALICON: Interim Dividend - Rs. - 3.00
CAPLIPOINT: Interim Dividend - Rs. - 2.50
PAGEIND: Interim Dividend - Rs. - 120.00

03-Jun-24
DBCORP: Interim Dividend - Rs. - 8.00
RALLIS: Final Dividend - Rs. - 2.50
SUNDRMFAST: Interim Dividend - Rs. - 4.17
ANANDRATHI: Final Dividend - Rs. - 9.00


IPO
---

Buyback
Ajanta Pharma: Ex-Date: 30-May-24
Anand Rathi Wealth: Ex-Date: 03-Jun-24
Cheviot Company: Ex-Date: 14-Jun-24

Bonus
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
Davangere Sugar Co: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 31-May-24
Kamdhenu Ventures: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 14-Jun-24

Right Issue
Gujarat Toolroom: Ex-Date: 05-Jun-24
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

Stocks Picker Articles

29 May 2024 04:58

*Fund Houses Recommendations*


MS on *Trent:* Maintain Equal weight on Company, raise target price at Rs 4817/Sh (Positive)

CLSA on *Hindalco:* Maintain Buy on Company, target price at Rs 770/Sh (Positive)

Investec on *Hindalco:* Maintain Buy on Company, target price at Rs 750/Sh (Positive)

Emkay on *Oil India:* Maintain Buy on Company, target price at Rs 800/Sh (Positive)

MOSL on *Oil India:* Maintain Buy on Company, target price at Rs 775/Sh (Positive)

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

Nuvama on *Suzlon:* Initiate Buy on Company, target price at Rs 53/Sh (Positive)

Nuvama on *Inox Wind:* Initiate Buy on Company, target price at Rs 193/Sh (Positive)

Jefferies on *Concord:* Maintain Hold on Company, target price at Rs 1410/Sh (Neutral)

Citi on *LIC:* Maintain Buy on Company, target price at Rs 1255/Sh (Neutral)

MOSL on *LIC:* Maintain Buy on Company, target price at Rs 1270/Sh (Neutral)

GS on *LIC:* Maintain Neutral on Company, target price at Rs 950/Sh (Neutral)

Elara on *Sumitomo:* Maintain Accumulate on Company, target price at Rs 472/Sh (Neutral)

MS on *ABFRL:* Maintain Underweight on Company, target price at Rs 200/Sh (Neutral)

CLSA on *Dish TV:* Downgrade to Underperform on Company, target price at Rs 17/Sh (Negative)

Stocks Picker Articles

29 May 2024 04:54

*Stocks in News*


*Brigade:* Net profit at Rs 210.0 cr vs Rs 63.0 cr, Revenue at Rs 1702 cr vs Rs 842 cr. (YoY) (Positive)

*Gensol Engineering:* Net profit at Rs 46.5 cr vs Rs 11.7 cr, Revenue at Rs 363 cr vs Rs 144 cr. (YoY) (Positive)

*NBCC:* Net profit at Rs 141 cr vs Rs 114 cr, Revenue at Rs 4025 cr vs Rs 2813 cr. (YoY) (Positive)

*India Glycols:* Net profit at Rs 42.2 cr vs Rs 39.8 cr, Revenue at Rs 2039 cr vs Rs 1615.7 cr. (YoY) (Positive)

*Campus Activewar:* Net profit at Rs 33 cr vs Rs 23 cr, Revenue at Rs 364 cr vs Rs 348 cr. (YoY) (Positive)

*Responsive:* Net profit at Rs 46 cr vs Rs 22 cr, Revenue at Rs 288 cr vs Rs 237 cr. (YoY) (Positive)

*WTI Cabs:* Net profit at Rs 24 cr vs Rs 10 cr, Revenue at Rs 413 cr vs Rs 250 cr. (YoY) (Positive)

*Medplus:* Net profit at Rs 34 cr vs Rs 27.0 cr, Revenue at Rs 1490 cr vs Rs 1252.0 cr. (YoY) (Positive)

*JSW Holdings:* Net profit at Rs 19.4 cr vs Rs 17.0 cr, Revenue at Rs 27 cr vs Rs 24.5 cr. (YoY) (Positive)

*Emami Paper:* Net profit at Rs 27.2 cr vs loss Rs 11.3 cr, Revenue at Rs 484 cr vs Rs 550 cr. (YoY) (Positive)

*SG Finserve:* Net profit at Rs 24 cr vs Rs 14.0 cr, Revenue at Rs 59 cr vs Rs 27 cr. (YoY) (Positive)

*Fineotex Chemicals:* Net profit at Rs 30 cr vs Rs 26 cr, Revenue at Rs 153 cr vs Rs 137 cr. (YoY) (Positive)

*ABFRL:* Net loss at Rs 266.0 cr vs Rs 195.0 cr, Revenue at Rs 3407 cr vs Rs 2880 cr. (YoY) (Positive)

*Silver Touch:* Net profit at Rs 6.3 cr vs Rs 4.0 cr, Revenue at Rs 78 cr vs Rs 43 cr. (YoY) (Positive)

*Havells:* Company incorporates joint venture with Krut LED in U.S. to market and sell lighting products and solutions (Positive)

*Oil India:* Company signs MoU with HPCL to collaborate on conventional and alternative energy portfolio (Positive)

*PNC Infratech:* Company gets bonus worth Rs 56.4 crore for early completion of EPC project (Positive)

*Reliance Industries:* Company has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles (Positive)

*Adani Total Gas:* ICRA upgrades long-term rating to AA, outlook stable and re-affirms short-term rating at A1+ (Positive)

*Wipro:* Company to transform, modernise IT operations of Close Brothers. (Positive)

*Infosys:* Company Collaborates With Commerzbank To Transform Its Trading Ecosystem. (Positive)

*Hindalco:* Novelis files to offer 45 m shares in the US IPO; sets price range at $18-21/share. (Positive)

*Canara Bank:* To consider fund raising plan for FY25 on May 31. (Positive)

*Timken:* Company intends to maintain controlling interest in Timken India and plans no further sale transactions. (Positive)

*Symphony:* Company expected to outperform with improving margins (Positive)

*Spice Jet:* Delhi HC grants time until June 17 to return 2 aircraft & engines along with technical records. (Positive)

*NMDC:* Company to act as distributor, stockist for NMDC Steel. (Positive)

*Servotech Power:* Company arm Incharz in pact with 3ECO to develop exclusive EV charging stations (Positive)

*Intellect:* Company launches Canada-ready EMACH AI cloud for banks and credit unions, enhancing payments, digital experiences, core banking and contextual (Positive)

*Man Industries:* Net profit at Rs 24 cr vs Rs 30 cr, Revenue at Rs 810.7 cr vs Rs 597.7 cr. (YoY) (Neutral)

*Chaman Lal Setia:* Net profit at Rs 23.0 cr vs Rs 38.0 cr, Revenue at Rs 385 cr vs Rs 363 cr. (YoY) (Neutral)

*Ashiana:* Net profit at Rs 17.0 cr vs Rs 28.0 cr, Revenue at Rs 290 cr vs Rs 184 cr. (YoY) (Neutral)

*IRCTC:* Net profit at Rs 284.0 cr vs Rs 279.0 cr, Revenue at Rs 1155 cr vs Rs 965 cr. (YoY) (Neutral)

*RR Kabel:* Net profit at Rs 79.0 cr vs Rs 65.0 cr, Revenue at Rs 1754 cr vs Rs 1517 cr. (YoY) (Neutral)

*Jagran Prakashan:* Net profit at Rs 6.0 cr vs Rs 23.0 cr, Revenue at Rs 510 cr vs Rs 459 cr. (YoY) (Neutral)

*Kingfa:* Net profit at Rs 33.6 cr vs Rs 36.6 cr, Revenue at Rs 404 cr vs Rs 365 cr. (YoY) (Neutral)

Stocks Picker Articles

28 May 2024 06:04

Corporate Actions

Filtra Consultants and Engineers recommended issue of bonus shares in the ratio 1:3 [i.e. 1 Equity Share for every 3 Equity Shares held to the shareholders for their approval.

Jamshri Realty considered the proposal for sub-division of 1 equity share having face value of ₹1000/- each into 100 equity shares having face value of ₹10/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company.

Remedium Lifecare has approved and recommended a Bonus Issue of 3 Equity Shares of Re. 1/- each fully paid up for every 1 Equity Share of Re. 1/- each fully paid up held, subject to the approval of the members in the Annual General Meeting and appropriate authorities.

Dividend

28-May-24
TRIDENT: Interim Dividend - Rs. - 0.36
CMSINFO: Final Dividend - Rs. - 3.25
PGINVIT: Income Distribution (InvIT)

30-May-24
GPTINFRA: Interim Dividend - Rs. - 1.00
LTFOODS: Interim Dividend - Rs. - 0.50

31-May-24
INFY: Final Dividend - Rs. - 28.00
MUTHOOTFIN: Interim Dividend - Rs. - 24.00
GLAXO: Final Dividend - Rs. - 32.00
ADVANIHOTR: Interim Dividend - Rs. - 0.80
IEX: Final Dividend - Rs. - 1.50
LKPSEC: Final Dividend - Rs. - 0.15
JSWENERGY: Dividend - Rs. - 2.00
HAVELLS: Final Dividend - Rs. - 6.00
ALICON: Interim Dividend - Rs. - 3.00
CAPLIPOINT: Interim Dividend - Rs. - 2.50
PAGEIND: Interim Dividend - Rs. - 120.00

03-Jun-24
DBCORP: Interim Dividend - Rs. - 8.00
RALLIS: Final Dividend - Rs. - 2.50
SUNDRMFAST: Interim Dividend - Rs. - 4.17
ANANDRATHI: Final Dividend - Rs. - 9.00


IPO
---

Buyback
Ajanta Pharma: Ex-Date: 30-May-24
Anand Rathi Wealth: Ex-Date: 03-Jun-24
Cheviot Company: Ex-Date: 14-Jun-24

Bonus
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
Davangere Sugar Co: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 31-May-24
Kamdhenu Ventures: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 14-Jun-24

Right Issue
Gujarat Toolroom: Ex-Date: 05-Jun-24
Solara Active Pharma Sciences: 28-May-24; Close: 11-Jun-24

Stocks Picker Articles

28 May 2024 05:13

Stock in Action

Zomato: Zomato 4QFY24 performance came in line with the consensus estimates. Revenue during the quarter grew by 73% YoY and 8% QoQ. While food delivery revenues were up 4% QoQ and 51% YoY, Blinkit grew by 19% QoQ and 112% YoY. EBITDA margins improved sequentially for both food delivery and Blinkit. The Blinkit GOV grew 14% QoQ. Margins improved too, with contribution margin expanding 150bps QoQ to 3.9%, and EBITDA margins improving by 160bps to -0.9%. Company plans to "double down" on quick commerce with plans to add 100 stores in Q1FY25, and reach 1000 stores by end-FY25. Management is planning to increase quick-commerce penetration in top 8 cities. Company is doing a strategic move to gain market share in Quick Commerce through geographical expansion while competitors are still focused on profit improvement. Given faster growth ambitions, management has guided for near-zero EBITDA in the next 2-3 quarters for Quick Commerce business. Positive on Zomato as the company is turning into a steady profitable company.

HAL: HAL has a US$10bn-plus order book and it could benefit from US$60bn of more defence aircraft orders from now till FY28E, of which US $16bn have already been approved and US$40bn-plus with higher local content should be awarded in the next 5-7 years. HAL recently expanded its Tejas Mk1A fighter aircraft manufacturing capacity from 8 to 16 per year and is working on expanding it further to 24, sufficient to deliver 10 squadrons over FY23- 32E. It has also expanded its rotary wing platform's manufacturing capacity to meet growing demand for locally designed and manufactured aircraft. With the government seeking to reduce import dependence and promote domestic manufacturing in the defence sector, the past decade has seen a steady reduction in import component for HAL and several HAL-designed aircraft platforms, such as Tejas Mk1A, gaining acceptance from the Indian military. Positive on HAL given the strong tailwind in defense sector and healthy order book pipeline.

Stocks Picker Articles

28 May 2024 04:35

*ICICI Bank:* Bank in UBS conference says, "Business growth in high teens; NIMs to moderate; Aims for RoE of 17-18%" (Neutral)

*Axis Bank:* Bank in UBS conference says, "Long growth guidance maintained; Investments in business to continue" (Neutral)

*HPCL:* Company's board recommends bonus issue of 1 share for every 2 share held (Neutral)

*Adani Energy Solutions:* Company to raise funds up to ₹12,500 crore via QIP or other permissible mode (Neutral)

*Vedanta:* Company is said to weigh $1 bn share sale as soon as June. (Neutral)

*Praveg:* Company buys 51% in Abhik Advertising and Bidhan Advertising (Neutral)

*ITC:* Company shareholders advised by IiAS to vote against hotel demerger. (Neutral)

*Nykaa:* Company board appoints Santosh Desai as Independent Director effective July 15. (Neutral)

*Timken:* Company's Foreign parent Timken Singapore to sell up to 6.6% equity of Timken, deal size at $213m approx. ₹1,775 cr Floor Price is at ₹3,550/share. (Neutral)

*Astra Zeneca:* Company announces Rs 24 per equity share dividend (Neutral)

*Inox Wind:* Promoter Entity IWEL likely to sell shares via block deal soon, Promoter Entity likely to sell upto 5% stake , Discount of upto 5% likely on deal in the Rs 148-150 per share (Neutral)

*Concord Biotech:* Ontario Inc likely to sell 3.4% equity of Concord Biotech, floor price at ₹1,320/share. Offer size of the deal is at ₹468.4 crore (Neutral)

*Goodyear:* Net loss at Rs 4.0 cr vs profit Rs 22.0 cr, Revenue at Rs 551 cr vs Rs 591 cr. (YoY) (Negative)

*TARC:* Net loss at Rs 51.8 cr vs profit Rs 1.5 cr, Revenue at Rs 9.5 cr vs Rs 135 cr. (YoY) (Negative)

*GMDC:* Net Profit at Rs 207 cr vs Rs 442 cr, Revenue at Rs 751 cr vs Rs 948 cr. (YoY). (Negative)

*Elgi Equipment:* Net Profit at Rs 76 cr vs Rs 170 cr, Revenue at Rs 866 cr vs Rs 836 cr. (YoY). (Negative)

*MSTC:* Net Profit at Rs 48.5 cr vs Rs 77.0 cr, Revenue at Rs 199 cr vs Rs 197 cr. (YoY). (Negative)

*Borosil Renewable:* Net loss at Rs 53.0 cr vs profit Rs 11.0 cr, Revenue at Rs 283 cr vs Rs 309 cr. (YoY) (Negative)

*Orient Green:* Net loss at Rs 25.3 cr vs Rs 19.0 cr, Revenue at Rs 36 cr vs Rs 44 cr. (YoY) (Negative)

Stocks Picker Articles

27 May 2024 04:54

*Fund Houses Recommendations*


Incred on *Divis Lab:* Upgrade to Buy on Company, raise target price at Rs 4707/Sh (Positive)

CLSA on *Ashok Ley:* Maintain Buy on Company, raise target price at Rs 258/Sh (Positive)

Emkay on *Ashok Ley:* Maintain Buy on Company, raise target price at Rs 250/Sh (Positive)

CLSA on *Sun TV:* Maintain Outperform on Company, raise target price at Rs 720/Sh (Positive)

CLSA on *Power Grid:* Maintain Outperform on Company, target price at Rs 345/Sh (Positive)

Jefferies on *GMR Airports:* Initiate Buy on Company, target price at Rs 100/Sh (Positive)

Citi on *Torrent Pharma:* Maintain Buy on Company, raise target price at Rs 3000/Sh (Positive)

Jefferies on *Torrent Pharma:* Maintain Buy on Company, raise target price at Rs 3070/Sh (Positive)

CLSA on *IRB Infra:* Maintain Buy on Company, target price at Rs 81/Sh (Positive)

JP Morgan on *Exide:* Maintain Overweight on Company, raise target price at Rs 520/Sh (Positive)

CLSA on *Hindalco:* Maintain Buy on Company, target price at Rs 770/Sh (Positive)

Jefferies on *NTPC:* Maintain Buy on Company, raise target price at Rs 445/Sh (Positive)

Citi on *NTPC:* Maintain Buy on Company, raise target price at Rs 467/Sh (Positive)

MS on *NTPC:* Maintain Overweight on Company, target price at Rs 390/Sh (Positive)

MS on *Manappuram:* Maintain Overweight on Company, target price at Rs 230/Sh (Positive)

Citi on *Honasa Consumer:* Maintain Buy on Company, target price at Rs 540/Sh (Positive)

Macquarie on *United Spirits:* Maintain Underperform on Company, target price at Rs 910/Sh (Neutral)

CLSA on *Manappuram:* Maintain Buy on Company, target price at Rs 220/Sh (Neutral)

MOSL on *Divis Lab:* Maintain Neutral on Company, target price at Rs 3900/Sh (Neutral)

Jefferies on *Divis Lab:* Maintain Hold on Company, target price at Rs 4050/Sh (Neutral)

MOSL on *Exide:* Maintain Buy on Company, target price at Rs 430/Sh (Neutral)

MOSL on *Ashok Ley:* Maintain Buy on Company, target price at Rs 240/Sh (Neutral)

Jefferies on *Ashok Ley:* Maintain Hold on Company, target price at Rs 230/Sh (Neutral)

Nomura on *Torrent Pharma:* Maintain Buy on Company, target price at Rs 2975/Sh (Neutral)

Stocks Picker Articles

27 May 2024 04:52

*Stocks in News*


*Cochin Shipyard:* Net profit at Rs258.8 cr vs Rs 39.3 cr, Revenue at Rs 1286 cr vs Rs 600 cr. (YoY) (Positive)

*Affle:* Net profit at Rs 87 cr vs Rs 62 cr, Revenue at Rs 506 cr vs Rs 356 cr. (YoY) (Positive)

*S Chand:* Net profit at Rs 170 cr vs Rs 134 cr, Revenue at Rs 471 cr vs Rs 391 cr. (YoY) (Positive)

*Antony Waste:* Net profit at Rs 27.5 cr vs Rs 9.5 cr, Revenue at Rs 210.2 cr vs Rs 201.8 cr (YoY) (Positive)

*Borosil:* Net profit at Rs 5.0 cr vs Rs 3.0 cr, Revenue at Rs 229.0 cr vs Rs 177.0 cr (YoY) (Positive)

*Divis Lab:* Net profit at Rs 540 crore versus Est of Rs 458 cr, Revenues at Rs 2303 crore versus Est of Rs 2098 cr (Positive)

*Auro Pharma:* Net profit at Rs 960 crore versus Est of Rs 841 cr, Revenues at Rs 7600 crore versus Est of Rs 7344 cr (Positive)

*Stove Kraft:* Net profit at Rs 2.65 cr vs loss of Rs 6 cr, Revenue at Rs 325 cr vs Rs 278 cr. (YoY) (Positive)

*Bosch:* Net profit at Rs 564.4 cr vs Rs 398.9 cr, Revenue at Rs 4233.4 cr vs Rs 463.4 cr. (YoY) (Positive)

*RP Tech:* Net profit at Rs 39.8 cr vs Rs 24.2 cr, Revenue at Rs 3000 cr vs Rs 2260 cr. (YoY) (Positive)

*Paramount:* Net profit at Rs 29.5 cr vs Rs 13.8 cr, Revenue at Rs 311 cr vs Rs 202 cr. (YoY) (Positive)

*Zee Media:* Net loss at Rs 6.5 cr vs Rs 45.8 cr, Revenue at Rs 179 cr vs Rs 148 cr. (YoY) (Positive)

*Manappuram Fin:* Net profit at Rs 563 cr vs Rs 415 cr, NII at Rs 1494 cr vs Rs 1129 cr. (YoY) (Positive)

*Lumax Ind:* Net profit at Rs 36.1 cr vs Rs 48.9 cr, Revenue at Rs 742.7 cr vs Rs 608 cr (YoY) (Positive)

*Shaily Eng:* Net profit at Rs 19.3 cr vs Rs 9.9cr, Revenue at Rs 170 cr vs Rs 135 cr. (YoY) (Positive)

*Torrent Pharma:* Net profit at Rs 449 cr vs Rs 287 cr, Revenue at Rs 2745 cr vs Rs 2491 cr (Positive)

*Borosil:* Net profit at Rs 5.0 cr vs Rs 3.1 cr, Revenue at Rs 229 cr vs Rs 176.5 cr. (YoY) (Positive)

*EIH Associates:* Net profit at Rs 37 cr vs Rs 26 cr, Revenue at Rs 132 cr vs Rs 108 cr. (YoY) (Positive)

*Astra Microwave:* Net profit at Rs 54.4 cr vs Rs 13.5 cr, Revenue at Rs 354 cr vs Rs 258 cr. (YoY) (Positive)

*Excel Ind:* Net profit at Rs 6.6 cr vs Rs 2.2 cr, Revenue at Rs 234 cr vs Rs 230 cr. (YoY) (Positive)

*Jayant Agro:* Net profit at Rs 16.8 cr vs Rs 13.8 cr, Revenue at Rs 620 cr vs Rs 610 cr. (YoY) (Positive)

*Suzlon Energy:* Net profit at Rs 254 cr vs Rs 319.9 cr, Revenue at Rs 2196 cr vs Rs 1690 cr. (YoY) (Positive)

*Andhra Petro:* Net profit at Rs 43.9 cr vs Rs 6.0 cr, Revenue at Rs 278 cr vs Rs 162 cr. (YoY) (Positive)

*Sundaram Finance:* Net profit at Rs 506 cr vs Rs 316.4 cr, Revenue at Rs 1571 cr vs Rs 1054 cr. (YoY) (Positive)

*Happy Forging:* Net profit at Rs 66 cr vs Rs 51 cr, Revenue at Rs 343 cr vs Rs 302 cr. (YoY) (Positive)

*Ashima:* Net profit at Rs 95.7 cr vs loss Rs 5.9 cr, Revenue at Rs 146 cr vs Rs 38.2 cr. (YoY) (Positive)

*Genus Paper:* Net profit at Rs 2.0 cr vs Rs 0.5 cr, Revenue at Rs 180 cr vs Rs 190 cr. (YoY) (Positive)

*DOMS Industries:* Net profit at Rs 45.2 cr vs Rs 34 cr, Revenue at Rs 403 cr vs Rs 336.5 cr. (YoY) (Positive)

*Indiabulls HSG Fin:* Net profit at Rs 320 cr vs Rs 261 cr, Revenue at Rs 2205 cr vs Rs 2075 cr. (YoY) (Positive)

*Aegis Logistics:* Company says kandla port – 80,000 KL capacity commissioned in FY24 and another 25,000 KL capacity to be operational in FY25 (Positive)

*Rushil Decor:* Company approved stock split in ratio of 1:10 (Positive)

*GAIL:* Company commissions its first green hydrogen plant under national green hydrogen mission (Positive)

*Adani Ports:* Company to be included in Sensex from June 24 to replace Wipro (Positive)

*IndiGo:* Company announces plans to unveil business-class services by this year-end. (Positive)

*SBC Exports:* Company reveals plans to venture into realms of retail, franchising, and exports; unveiling expansion strategy for next 5 years. (Positive)

Stocks Picker Articles

24 May 2024 05:32

Forthcoming Event

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; Reliance Power to consider Fund Raising

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, Lancor Holdings to consider Fund Raising

29th May: ADCINDIA, AHLUCONT, ALKEM, ANSALHSG, BAMBINO, BANCOINDIA, BATAINDIA, CUMMINSIND, DEEPAKFERT, DONEAR, HAWKINCOOK, HEIDELBERG, HERITGFOOD, ICEMAKE, IONEXCHANG, IPCALAB, ISGEC, KCPSUGIND, KOVAI, MAITHANALL, MANGIND, MOTHERSON, MUNJALSHOW, NOCIL, RAJPALAYAM, RHIM, SJVN, SUPER, SUPRAJIT, WIPL to consider Dividend; Rajnish Retail to consider Fund Raising & Stock Split; Almondz Global Securities, Kapston Services to consider Stock Split; AGS Transact Technologies to consider Fund Raising

30th May: ANSALBU, APOLLOHOSP, BDL, BEEKAY, HISARMETAL, IPL, JYOTIN, MARKSANS, SAMRATPH, SUPERHOUSE, SWANENERGY to consider Dividend; Avonmore Capital & Management Services to consider Fund Raising; NHC Foods to consider Fund Raising & Stock Split; Aartech Solonics to consider Bonus issue & Stock Split

Stocks Picker Articles

24 May 2024 05:22

*Result Today*
NTPC Ltd.
Hindalco Industries Ltd.
Bosch Ltd.
Torrent Pharmaceuticals Ltd.
United Spirits Ltd.
Suzlon Energy Ltd.
Ashok Leyland Ltd.
Sundaram Finance Ltd.
Housing & Urban Development Corporation Ltd.
Hindustan Copper Ltd.
Glenmark Pharmaceuticals Ltd.
Cochin Shipyard Ltd.
ZF Commercial Vehicle Control Systems India Ltd.
Narayana Hrudayalaya Ltd.
Sun TV Network Ltd.
Manappuram Finance Ltd.
Affle (India) Ltd.
Aegis Logistics Ltd.
Century Plyboards (India) Ltd.
Sun Pharma Advanced Research Company Ltd.
Indiabulls Housing Finance Ltd.
PNC Infratech Ltd.
E.I.D. - Parry (India) Ltd.
DOMS Industries Ltd.
The Karnataka Bank Ltd.
Kama Holdings Ltd.
Happy Forgings Ltd.
Easy Trip Planners Ltd.
JM Financial Ltd.
Hindustan Construction Company Ltd.
Astra Microwave Products Ltd.
Jamna Auto Industries Ltd.
Nazara Technologies Ltd.
Aditya Vision Ltd.
Borosil Ltd.
Sunflag Iron And Steel Company Ltd.
Kolte-Patil Developers Ltd.
Sai Silks (Kalamandir) Ltd.
Paramount Communications Ltd.
PSP Projects Ltd.
Divgi Torqtransfer Systems Ltd.
Shaily Engineering Plastics Ltd.
IKIO Lighting Ltd.
EIH Associated Hotels Ltd.
Lumax Industries Ltd.
TTK Healthcare Ltd.
Rashi Peripherals Ltd.
Media Matrix Worldwide Ltd
Orient Green Power Company Ltd.
Monarch Networth Capital Ltd.
HLV Ltd.
Rico Auto Industries Ltd.
Pix Transmissions Ltd.
63 Moons Technologies Ltd.
Tamil Nadu Newsprint & Papers Ltd.
GNA Axles Ltd.
Bhagiradha Chemicals & Industries Ltd.
Everest Kanto Cylinder Ltd.
Refex Industries Ltd.
Best Agrolife Ltd.
Suratwwala Business Group Ltd.
Swelect Energy Systems Ltd.
RK Swamy Ltd.
NIIT Ltd.
Stove Kraft Ltd.
Antony Waste Handling Cell Ltd.
E2E Networks Ltd.
Coffee Day Enterprises Ltd.
Dhunseri Ventures Ltd.
Valiant Organics Ltd.
Crest Ventures Ltd.
Hubtown Ltd.
Focus Lighting & Fixtures Ltd.
Bodal Chemicals Ltd.
Excel Industries Ltd.
Prakash Pipes Ltd.
Max India Ltd.
RSWM Ltd.
Bajaj Healthcare Ltd.
S Chand And Company Ltd.
Munjal Auto Industries Ltd.
Davangere Sugar Company Ltd.
Haldyn Glass Ltd.
RIR Power Electronics Ltd.
Cheviot Company Ltd.
FCS Software Solutions Ltd.
Zee Media Corporation Ltd.
MMP Industries Ltd.
Apex Frozen Foods Ltd.
Khadim India Ltd.
AK Capital Services Ltd.
Supershakti Metaliks Ltd.
Shri Jagdamba Polymers Ltd.
Tantia Constructions Ltd.

Stocks Picker Articles

24 May 2024 04:50

*Fund Houses Recommendations*


Nuvama on *Indigo:* Maintain Buy on Company, target price at Rs 5192/Sh (Positive)

MS on *Indigo:* Maintain Overweight on Company, raise target price at Rs 5142/Sh (Positive)

BofA on *Indigo:* Maintain Buy on Company, raise target price at Rs 4900/Sh (Positive)

UBS on *Vodafone Idea:* Upgrade to Buy on Company, raise target price at Rs 18/Sh (Positive)

Investec on *BSE:* Initiate Buy on Company, target price at Rs 3400/Sh (Positive)

UBS on *Airtel:* Maintain Neutral on Company, raise target price at Rs 1430/Sh (Positive)

UBS on *Indus Tower:* Maintain Neutral on Company, raise target price at Rs 355/Sh (Positive)

MS on *HCL Tech:* Maintain Overweight on Company, target price at Rs 1650/Sh (Positive)

MS on *ITC:* Maintain Overweight on Company, target price at Rs 506/Sh (Positive)

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

Investec on *ITC:* Maintain Buy on Company, raise target price at Rs 504/Sh (Positive)

CLSA on *ITC:* Maintain Outperform on Company, target price at Rs 470/Sh (Positive)

GS on *ITC:* Maintain Buy on Company, target price at Rs 480/Sh (Neutral)

Jefferies on *ITC:* Maintain Hold on Company, target price at Rs 435/Sh (Neutral)

GS on *Info Edge:* Maintain Sell on Company, target price at Rs 5260/Sh (Neutral)

Jefferies on *Indigo:* Maintain Hold on Company, target price at Rs 4150/Sh (Neutral)

Investec on *Indigo:* Maintain Hold on Company, target price at Rs 4050/Sh (Neutral)

Emkay on *Go Digit:* Initiate Sell on Company, target price at Rs 210/Sh (Neutral)

GS on *GPPL:* Downgrade to Neutral on Company, raise target price at Rs 220/Sh (Neutral)

MS on *Page Ind:* Maintain Overweight on Company, target price at Rs 41222/Sh (Neutral)

MS on *PI Ind:* Maintain Underweight on Company, target price at Rs 3245/Sh (Neutral)

Citi on *Page Ind:* Maintain Sell on Company, target price at Rs 32100/Sh (Negative)

Stocks Picker Articles

24 May 2024 04:30

*Stocks in News*


*SML Isuzu:* Net profit at Rs 52 cr vs Rs 27 cr, Revenue at Rs 680 cr vs Rs 583 cr. (YoY) (Positive)

*JK Lakshmi Cement:* Net profit at Rs 162.1 cr vs Rs 114.8 cr, Revenue at Rs 1780 cr vs Rs 1862 cr. (YoY) (Positive)

*Honasa Consumer:* Net profit at Rs 30 cr vs loss of Rs 162 cr, Revenue at Rs 471 cr vs Rs 388 cr. (YoY) (Positive)

*Sandhar Tech:* Net profit at Rs 35.9 cr vs Rs 24.7 cr, Revenue at Rs 918 cr vs Rs 765 cr. (YoY) (Positive)

*ICRA:* Net profit at Rs 47.0 cr vs of Rs 38.4 cr, Revenue at Rs 124.0 cr vs Rs 109.0 cr. (YoY) (Positive)

*Bikaji:* Net profit at Rs 116.0 cr vs of Rs 38.0 cr, Revenue at Rs 521.0 cr vs Rs 462.0 cr. (YoY) (Positive)

*Fortis:* Net profit at Rs 179.0 cr vs of Rs 133.0 cr, Revenue at Rs 1786.0 cr vs Rs 1643.0 cr. (YoY) (Positive)

*Shilpa Med:* Net profit at Rs 24.5 cr vs loss Rs 8.1 cr, Revenue at Rs 292 cr vs Rs 264 cr. (YoY) (Positive)

*Johnson Control:* Net profit at Rs 48.8 cr vs loss Rs 1.0 cr, Revenue at Rs 771 cr vs Rs 548 cr. (YoY) (Positive)

*HCL Tech:* Company said it will acquire certain assets of Hewlett Packard Enterprise's Communications Technology Group (CTG) for $225 million, about Rs 1,874 crore (Positive)

*Zaggle:* Net profit at Rs 19.2 cr vs Rs 7.6 cr, Revenue at Rs 272 cr vs Rs 187 cr. (YoY) (Positive)

*Indo Tech:* Net profit at Rs 25.7 cr vs Rs 19.4 cr, Revenue at Rs 175 cr vs Rs 147 cr. (YoY) (Positive)

*Disa India:* Net profit at Rs 13.1 cr vs Rs 10.0 cr, Revenue at Rs 96.4 cr vs Rs 76.3 cr. (YoY) (Positive)

*Sharda Motors:* Net profit at Rs 88.3 cr vs Rs 62.1 cr, Revenue at Rs 703 cr vs Rs 688 cr. (YoY) (Positive)

*Senco Gold:* Net profit at Rs 32.2 cr vs Rs 26.0 cr, Revenue at Rs 1137 cr vs Rs 814 cr. (YoY) (Positive)

*Barbeque Nation:* Net loss at Rs 0.04 cr vs loss Rs 11.8 cr, Revenue at Rs 298 cr vs Rs 280 cr. (YoY). (Positive)

*Delhivery:* Company partners with SUGAR Cosmetics to spearhead its pan-India B2B distribution (Positive)

*Godrej Properties:* Company achieves record sales of over Rs 2,000 crore in Noida project, selling 650 flats. (Positive)

*UPL:* Company signs joint venture agreement with Aarti Industries for manufacturing and marketing of specialty chemicals that has applications in multiple downstream industries (Positive)

*Uno Minda:* Company says post expansion, capacity of 2w alloy wheel will get enhanced to 7.5 to 8 MN wheels per annum. (Positive)

*Shakti Pumps:* Company has received 14th patent for Method and Apparatus for Soft Start, Soft Stop, Protection and Brown Out Operation of a Grid Connected Motor from the Patent Office, Government of India. (Positive)

*Tech Mahindra:* Company with Fuji TV join forces to create global content. (Positive)

*Navin Fluorine:* Company unit executed five year material supply agreement for supply of a fluoro intermediate for novel agrochemical product, investment required at 150m rupees (Positive)

*Vodafone Idea:* Company says in talks with Ericsson, others for 5G network gears (Positive)

*ITC:* Company seeks shareholders’ approval on June 6 for hotels business demerger (Positive)

*Sun Pharma:* Company’s shareholders approve merger agreement with Taro Pharma (Positive)

*Concord Biotech:* Net profit at Rs 95 cr vs Rs 91 cr, Revenue at Rs 319 cr vs Rs 273 cr. (YoY) (Neutral)

*TD Power:* Net profit at Rs 29 cr vs Rs 35 cr, Revenue at Rs 264 cr vs Rs 250 cr. (YoY) (Neutral)

*Asian Granito:* Net loss at Rs 5.56 cr vs Rs 48.17 cr, Revenue at Rs 424 cr vs Rs 456 cr. (YoY) (Neutral)

*Finolex Cables:* Net profit at Rs 186 cr vs Rs 175 cr, Revenue at Rs 1401 cr vs Rs 1224 cr. (YoY) (Neutral)

*Rupa:* Net profit at Rs 24 cr vs Rs 18.8 cr, Revenue at Rs 405 cr vs Rs 412 cr. (YoY) (Neutral)

*IndiGo:* Net profit at Rs 1895 cr vs Rs 916 cr, Revenue at Rs 17,825 cr vs Rs 14,160 cr. (YoY) (Neutral)

*Barbeque Nation:* Net loss at Rs 0.04 cr vs loss Rs 11.8 cr, Revenue at Rs 298 cr vs Rs 280 cr. (YoY). (Neutral)

Stocks Picker Articles

23 May 2024 05:36

Corporate Actions

Go Digit General Insurance will list its equity shares on the bourses on May 23. The issue price has been fixed at Rs 272 per share.

PG Electroplast has approved Sub-division/split of existing equity share of the Company from 1 equity share having face value of Rs. 10/- each, into10 equity shares having face value of Rs. 1/- each, subject to approval of shareholders of the Company.

Bridge Securities has approved 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.

Alphalogic Techsys has recommend issuance of Bonus Share in the ratio of 14:48 i.e, 14 Equity Share for every 48 Equity Shares held, to the eligible members of the Company holding equity shares of the Company.

Dividend

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

23 May 2024 05:12

Stock in Action

VIP Industries: VIP Industries reported a decent top-line growth, partially attributed to the low base due to the fire at the Bangladesh facility in the year-ago period. Revenue grew 15% YoY, thanks to the impact of the Bangladesh fire in the base quarter. The company is guiding to a recovery in the top-line in FY25. Should the industry grow by 12% in FY25, VIP hopes to outperform the industry. The management expects a blended operating margin of 15% in FY25, with exit margin for Q4 at 18%. As the soft luggage inventory reduces by the second half of the fiscal, contribution from Bangladesh will improve and freight and warehousing expenses will reduce gradually. Hence, a meaningful margin uptick is expected in the second half. The boom in travel that was considered a revenge travel post Covid shows no signs of abating with all the leading indicators with growth in air passengers and record hotel occupancy showing a positive trend. Travel is increasingly becoming a fixed part of the household budget, especially for the younger generation. Frequent travels are turning luggage into lifestyle products, while the growing affluence and customers’ preference for branded products are fuelling the growth of the organised sector. Positive on VIP industries given the strong tailwinds in travel & tourism space.

Endurance Tech: Endurance Tech, India's leading aluminium die-casting company, is seeing a consistent improvement in its performance metrics. This growth is fuelled by a substantial increase in domestic demand, steady international demand, and a reduction in raw material costs. During 4QFY24, company registered a strong 19.3% YoY growth in its top line, driven by a robust 24.8% growth in India business, led by a sharp rebound in 2W sales. Overall operating margin also expanded by 108.9 bps, led by the operating leverage that the India business got. The positive outlook for the company is underlined by a notable surge in 2W demand, as indicated by the monthly wholesale figures reported by OEMs. The management's confidence in the long-term prospects of the Indian 2W segment is bolstered by the company's order schedule. The management expects the India business margin to improve, primarily due to the operating leverage, led by an increase in volume and product mix tilted towards high-value products. Positive on Endurance Tech given its technologically advanced product range and strong dominance in the two-wheeler segment.

Stocks Picker Articles

23 May 2024 04:25

*Stocks in News*


*Nykaa:* Net profit at Rs 9.1 cr vs Rs 2.3 cr, Revenue at Rs 1667 cr vs Rs 1302 cr. (YoY) (Positive)

*Gland Pharma:* Net profit at Rs 192 cr vs Rs 79 cr, Revenue at Rs 1537 cr vs Rs 785 cr. (YoY) (Positive)

*GE Power:* Net profit at Rs 26 cr vs loss Rs 130 cr, Revenue at Rs 391 cr vs Rs 344.4 cr (Positive)

*Teamlease:* Net profit at Rs 28.13 cr vs Rs 24.36 cr, Revenue at Rs 2432 cr vs Rs 2027 cr. (Positive)

*Ramco Cements:* Net profit at Rs 121.4 cr vs poll of Rs 111 cr, Revenue at Rs 2673.3 cr vs Rs 2520 cr. (Positive)

*PGEL:* Net profit up 73.1% at ₹69.6 cr vs ₹40.2 cr, Revenue up 30% at ₹1,076.6 cr vs ₹828.2 cr (YoY) (Positive)

*Jubilant Food:* Net profit at Rs 207 cr vs poll of Rs 44 cr, Revenue at Rs 1572 cr vs poll of Rs 1327 cr. (Positive)

*Metro Brands:* Net profit at ₹155.2 cr vs ₹68.5 cr, Revenue up 7.1% at ₹583 cr vs ₹544.1 cr (YoY) (Positive)

*GR Shipping:* Net profit at Rs 111.6 cr vs Rs 55.3 cr, Revenue at Rs 1016 cr vs Rs 601 cr. (YoY) (Positive)

*Navneet:* EBITDA at Rs 86.0 cr vs Rs 4.0 cr, Revenue at Rs 435 cr vs Rs 259 cr. (YoY) (Positive)

*NIACL:* Operating profit of ₹6 crore from loss of ₹68 crore, Net earned premium up 13.5% from last year to ₹8,975 crore. (Positive)

*All cargo Logistics:* Company arm, ECU Worldwide, acquires 25% stake in Fair Trade for €2.9 million (Positive)

*Zydus Life:* Company receives USFDA approval for asthma treatment drug. (Positive)

*Mahindra Finance:* Company receives IRDAI approval to sell insurance products as corporate agent. (Positive)

*Data Patterns:* Company expects to receive another 1,000 cr order intake during the course of this Financial year. (Positive)

*Oil India:* Company in pact with NRL for transportation of additional petroleum products via Numaligarh-Siliguri Product Pipeline (Positive)

*Petronet LNG:* Net profit at Rs 734.1 cr vs Rs 591.2 cr (YoY) , Revenue at Rs 13,793.2 cr vs Rs 13,873.9 cr. (YoY) (Neutral)

*Minda Corp:* Net profit at Rs 71 cr vs Rs 122 cr, Revenue at Rs 1215 cr vs Rs 1075 cr. (YoY) (Neutral)

*GMM Pfaudler:* Net profit at Rs 28.71 cr vs Rs 33.34 cr, Revenue at Rs 741 cr vs Rs 866 cr. (YoY) (Neutral)

*Max Healthcare:* Net profit at Rs 251.5 cr vs Rs 251 cr, Revenue at Rs 1423 cr vs Rs 1214 cr. (YoY) (Neutral)

*Torrent Power:* Net profit at Rs 447.04 cr vs Rs 483.93 cr, Revenue at Rs 6529 cr vs Rs 6038 cr. (Neutral)

*HEG:* Net profit at Rs 32.9 cr vs Rs 99.7 cr, Revenue at Rs 546.9 cr vs Rs 616.9 cr. (YoY) (Neutral)

*Star Cement:* Net profit down 8.8% at ₹876.6 cr vs ₹961.1 cr, Revenue up 10.2% at ₹9,135.3 cr vs ₹8,291.5 cr (YoY) (Neutral)

*Fair Chem:* Net profit at Rs 11.8 cr vs Rs 12.3 cr, Revenue at Rs 161 cr vs Rs 148 cr. (YoY) (Neutral)

*GPPL:* Net profit at Rs 66 cr vs Rs 97 cr, Revenue at Rs 157 cr vs Rs 130 cr. (YoY) (Neutral)

*Power Grid:* Net profit at Rs 4127 cr vs Rs 4217 cr, Revenue at Rs 11050 cr vs Rs 11328 cr. (YoY) (Neutral)

*Grasim:* Net loss at Rs 441 cr vs profit Rs 93.5 cr, Revenue at Rs 6768 cr vs Rs 6646 cr. (YoY) (Neutral)

*Paytm:* Company Expect take rate to settle at 3-3.5% due to rise in distribution of loans, focus on prime customers (Neutral)

*Sun Pharma:* Dilip Shanghvi, MD of Sun Pharma, appointed as Chairman of the Board. (Neutral)

*Indian Bank:* Company to raise up to Rs 12,000 crore via equity and debt (Neutral)

*IB Real:* Completed the acquisition of BLU Annex at an enterprise value of ₹1,150 crore. (Neutral)

*Adani Energy Solutions:* To consider fund raising via QIP on May 27. (Neutral)

*Unichem Lab: Net loss at Rs 129.3 cr vs Rs 44.3 cr, Revenue at Rs 431.7 cr vs Rs 402 cr. (YoY) (Negative)

*Keystone Realtors:* Company to raise up to ₹1,000 cr via QIP, indicative price at ₹660/sh (Negative)

*Deepak NTR:* Excessive dumping of products by China in the Indian market is posing a challenge for the company (Negative)

*Gandhar Oil :* Net profit at Rs 12 cr vs Rs 50 cr, Revenue at Rs 939 cr vs Rs 1103 cr. (YoY) (Negative)

Stocks Picker Articles

29 May 2024 05:11

Stock in Action

Cello World: Cello World, posted a healthy performance in Q4 FY24, driven by volume growth as well as margin improvement, thanks to the fall in raw material prices. This growth will be driven by new products in the premium categories as well as the commencement of a new glassware plant in Rajasthan. With raw material prices stabilising, average realisations are expected to remain stable this fiscal vis-a-vis a drop in FY24, which would also support robust growth. Organised players with new products as well as aggressive network expansion are poised to continue to gain market share. The implementation of BIS norms would restrict low-quality imports. This would provide an additional growth opportunity. Cello closed FY24 with an 11% YoY revenue growth and an EBITDA margin improvement of about 200 bps as raw material prices came down. Net profits grew at a robust 24% YoY in the last fiscal. Raw material prices have stabilised and Cello expects average realisation to be stable in FY25. Cello has guided for a 15-17% revenue growth in the current fiscal, which would be entirely volume-driven. Cello is planning to launch premium products with better quality, and varied designs and colours to attract more consumers. Positive on Cello World given the healthy earnings growth in 4QFY24.

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.

Stocks Picker Articles

29 May 2024 04:54

*Epack:* Net profit at Rs 28.0 cr vs Rs 33.0 cr, Revenue at Rs 526 cr vs Rs 639 cr. (YoY) (Neutral)

*GNFC:* Net profit at Rs 127.0 cr vs Rs 95.0 cr, Revenue at Rs 2110 cr vs Rs 2088 cr. (YoY) (Neutral)

*Supriya:* Net profit at Rs 37.0 cr vs Rs 38.0 cr, Revenue at Rs 158 cr vs Rs 142 cr. (YoY) (Neutral)

*GIC RE:* Net profit at Rs 2554.0 cr vs Rs 2609.0 cr, Gross Premium at Rs 8890 cr vs Rs 7582 cr. (YoY) (Neutral)

*Wockhardt:* Net loss at Rs 177.0 cr vs Rs 237.0 cr, Revenue at Rs 700 cr vs Rs 678 cr. (YoY) (Neutral)

*EPL:* Net profit at Rs 15.0 cr vs Rs 85.0 cr, Revenue at Rs 1029 cr vs Rs 969 cr. (YoY) (Neutral)

*Rites:* Net profit at Rs 137.0 cr vs Rs 139.0 cr, Revenue at Rs 643 cr vs Rs 687 cr. (YoY) (Neutral)

*Marathon:* Net profit at Rs 40 cr vs Rs 16.0 cr, PBT at Rs 44 cr vs Rs 22 cr. (YoY) (Neutral)

*Amara Raja Energy:* Net profit at Rs 229.8 cr vs Rs 142 cr, Est 233.3. Revenue at Rs 2908 cr vs Rs 2433.2 cr, Est 2863 crore. (Neutral)

*Power Grid:* Company has successfully commissioned the project in Jamnagar (Neutral)

*Inox Wind:* Company promoters reduce stake in co via block deals (Neutral)

*L&T:* Adil Zainulbhai ceases to be Independent Director of Larsen & Toubro (Neutral)

*IKIO Lighting:* CFO Subhash Chand Agrawal resigns effective June 30 (Neutral)

*Imagicaa world:* Company’s board of directors approves fund-raising plan, aiming to raise up to Rs 600 crore via QIP. (Neutral)

*PNB Housing:* Block deal of 500 cr in PNB Housing, Block deal likely for 69.6 lac shares, Floor price for deal set at 717 per share. (Neutral)

*M&M Financial:* Company approves issuance of bond on private placement basis up to Rs 2,000 crore with green shoe option up to Rs 500 crore (Neutral)

*ITI:* Net loss at Rs 239.0 cr vs Rs 72.0 cr, Revenue at Rs 601 cr vs Rs 775 cr. (YoY) (Negative)

*MTAR Tech:* Net profit at Rs 5.0 cr vs Rs 31.0 cr, Revenue at Rs 143 cr vs Rs 196 cr. (YoY) (Negative)

*Monte Carlo:* Net loss at Rs 18 cr vs Profit Rs 20 cr, Revenue at Rs 207 cr vs Rs 237 cr. (YoY). (Negative)

*Insecticides:* Net profit at Rs 8.0 cr vs Rs 12.0 cr, Revenue at Rs 273 cr vs Rs 358 cr. (YoY) (Negative)

*Ugar Sugar:* Net Profit at Rs 17.4 cr vs Rs 65.3.0 cr, Revenue at Rs 404 cr vs Rs 647 cr. (YoY). (Negative)

*Mirza:* Net Profit at Rs 0.9 cr vs Rs 2.3 cr, Revenue at Rs 143 cr vs Rs 150 cr. (YoY). (Negative)

Stocks Picker Articles

28 May 2024 06:04

Forthcoming Event

28th May: 3MINDIA, AAATECH, ABCINDQ, AMJLAND, AMNPLST, ANSALAPI, APOLSINHOT, ARE&M, ASAHISONG, ASHIANA, ASTERDM, BALMLAWRIE, BALPHARMA, BCPL, BHANDARI, BLACKROSE, BRIGADE, CLSEL, CRSTCHM, DECCANCE, DENISCHEM, DHUNINV, DREAMFOLKS, DYNAMATECH, EIHOTEL, EMAMIPAP, ENGINERSIN, EPL, FCL, GANDHITUBE, GICRE, GNFC, GOODLUCK, GRAUWEIL, GREENLAM, GVPTECH, HINDTIN, HIRECT, HPIL, INDIAGLYCO, INGERRAND, IRCTC, ITDCEM, JAGRAN, JENBURPH, JKIL, JMA, JYOTIRES, KANORICHEM, KANPRPLA, KINGFA, KKSHL, LAHOTIOV, LASTMILE, LINDEINDIA, MADHUVEER, MALLCOM, MARATHON, MERCURYLAB, MONTECARLO, NAVKAR, NAYSAA, NBCC, NIPPOBATRY, OMAXE, ORIRAIL, PANAENERG, PCCOSMA, PILANIINVS, POCL, PVSL, RAMCOIND, REMSONSIND, RESPONIND, RFSL, RITES, RJSHAH, RRKABEL, SAHLIBHFI, SALZERELEC, SAURASHCEM, SEALMATIC, SHALBY, SIGNPOST, SPENTA, SRHHYPOLTD, SUNDRMBRAK, SUPRIYA, TAMBOLIIN, TAVERNIER, TCPLPACK, THEJO, TRU, TTKPRESTIG, UFLEX, UGARSUGAR, UNIENTER, VHL, VLSFINANCE, VOITHPAPR, WEIZMANIND, WINDMACHIN, WIREFABR, XPROINDIA, ZSOUTGAS to consider Dividend; Balmer Lawrie Investments to consider Dividend, Bonus issue & Buyback; Kaycee Industries to consider Dividend, Bonus issue & Stock Split; Mufin Green Finance, Adani Enterprises, Capital Trust, Integra Essentia, Family Care Hospitals, Imagicaaworld Entertainment, Lancor Holdings, Mufin Green Finance, Wockhardt to consider Fund Raising; Hindware Home Innovation, Prestige Estates Projects to consider Dividend & Fund Raising

29th May: AAL, ADCINDIA, AHLUCONT, AKSHARCHEM, ALKEM, AMARJOTHI, ANDREWYU, ANSALHSG, ARIES, ASPINWALL, AVTNPL, BAMBINO, BANCOINDIA, BASML, BATAINDIA, BGWTATO, BHATIA, BIMETAL, BRISK, COCHINM, CORALFINAC, CUMMINSIND, DEEPAKFERT, DEEPAKSP, DONEAR, DPSCLTD, ELEMARB, GLOBUSSPR, GRWRHITECH, GUFICBIO, HAWKINCOOK, HEIDELBERG, HERITGFOOD, HINDCOMPOS, HITECHGEAR, ICEMAKE, INANI, INVPRECQ, IONEXCHANG, IPCALAB, ISGEC, JAYUSH, JDORGOCHEM, JINDALPOLY, JUBLPHARMA, KANCHI, KCPSUGIND, KNRCON, KOHINOOR, KOVAI, KUANTUM, LAMBODHARA, MAGNAELQ, MAITHANALL, MANGIND, MARBU, MAZDOCK, MEDICAMEQ, MENNPIS, MMFL, MODISONLTD, MULTIBASE, MUNJALSHOW, NAHARCAP, NAHARPOLY, NAHARSPING, NDGL, NEAGI, NOCIL, NSL, ORIENTPPR, PANCHSHEEL, POEL, RAJPALAYAM, RGL, RHIM, ROHLTD, ROSSELLIND, SALAUTO, SALEM, SALONA, SAVERA, SBCL, SHIVALIK, SHUKRAPHAR, SJVN, SMSPHARMA, SOUTHWEST, SPCAPIT, SUKHJITS, SUPER, SUPRAJIT, SVRL, TATASTEEL, TGVSL, VERITAS, VETO, VIDHIING, VIKRAMTH, WIPL, ZOTA, ZUARIIND to consider Dividend; Rajnish Retail to consider Fund Raising & Stock Split; Almondz Global Securities, Kapston Services to consider Stock Split; Aadhar Housing Finance, AGS Transact Technologies, Cinerad Communications, Ganesha Ecoverse, G R Infraprojects, Inventure Growth & Securities, Jet Infraventure, S&S Power Switchgears to consider Fund Raising; Samvardhana Motherson International to consider Dividend & Fund Raising; Saptak Chem And Business to consider Reduction of Capital

30th May: 1STCUS, ADSDIAG, AKASH, ALKOSIGN, ANSALBU, APOLLOHOSP, ARCHITORG, BBTCL, BDL, BECTORFOOD, BEEKAY, BEMHY, BENGALASM, BENGALT, BHARATAGRI, CINDHO, COMPEAU, ELGIRUBCO, FLUIDOM, GODFRYPHLP, GUJAPOLLO, HGS, HISARMETAL, IPL, ITL, IWP, JGTL, JYOTIN, KALYANIFRG, KEIL, KRYPTONQ, LAOPALA, LEHAR, MARKSANS, MUFTI, ORICONENT, PAKKA, PFOCUS, PRAJIND, PREMEXPLN, PTC, RAJESHEXPO, RIDDHICORP, ROTO, SAKUMA, SAMRATPH, SANCTRN, SANTETX, SHRAAITECH, SHRADHA, SIGIND, SRSOLTD, STEELCAS, SUPERHOUSE, SUPTANERY, SWANENERGY, TARSONS, TRITONV, VEERENRGY, VEERHEALTH, VIPULLTD, VISVEN, WELCORP, YSL to consider Dividend; AKM Creations, Avonmore Capital & Management Services, Comrade Appliances, Emerald Leisures, Fervent Synergies, Sikko Industries, Velox Industries, Viceroy Hotels to consider Fund Raising; NHC Foods to consider Fund Raising & Stock Split; Aartech Solonics to consider Bonus issue & Stock Split; Gloster to consider Dividend & Voluntary Delisting; JITF Infralogistics to consider Scheme of Arrangement; Hilton Metal Forging to consider Stock Split; Authum Investment & Infrastructure to consider Voluntary Delisting

Stocks Picker Articles

28 May 2024 05:14

Bulk Deal & Insider Trade Update

Bulk Deals
*Lumax Auto Technologies L : Amara Partners Growth Fund I Buy 606000 Shares @ Rs. 478
*Lumax Auto Technologies L : Albula Investment Fund Ltd Sell 606000 Shares @ Rs. 478
*Tridhya Tech Limited : Craft Emerging Market Fund Pcc- Elite Capital Fund Sell 135000 Shares @ Rs. 35.75
*Mpfsl : Life Insurance Corporation Of India Sell 857 Shares @ Rs. 34.56

Insider Trade
*Acquisition*
* I G E India Private Limited Promoter Acquisition 2730000 shares of International Conveyors Ltd. on 23-May-24
* Dhairya Agrawal Promoter Group Acquisition 100000 shares of Motilal Oswal Financial Services Ltd. on 24-May-24
* SECURA INDIA TRUST Promoter Group Acquisition 13026 shares of Stel Holdings Ltd
* Priya Sarah Cheeran Joseph Promoter Group Acquisition 24000 shares of Wonderla Holidays Ltd on 24-May-24
* Promoter Acquisition 9500000 shares of Kaizen Agro Infrabuild Ltd
* Ritika Infracon Private Limited Promoter Group Acquisition 35000 shares of Gokul Agro Resources Ltd on 24-May-24
* Sushil Sharda Director Acquisition 100000 shares of Bharat Wire Ropes Ltd on 23-May-24

*Disposal*
* SHITAL TRADING & INTERIORS PVT.LTD. Promoter Group Disposal 10000 shares of Nirlon Ltd. on 23-May-24
* Mr. Surbhit Dabriwala Promoter & Director Disposal 2730000 shares of International Conveyors Ltd. on 23-May-24
* P Srikar Reddy Director Disposal 25000 shares of Sonata Software Ltd. on 23-May-24
* Raamdeo Ramgopal Agarawal Promoter & Director Disposal 105000 shares of Motilal Oswal Financial Services Ltd. on 24-May-24
* Rahul Sharma Director Disposal 2000 shares of Dr. Lal Pathlabs Ltd on 24-May-24

Dividend Update
*CMSINFO Final Dividend Rs. 3.25 Ex Date 28-May-2024
*Trident Ltd. Interim Dividend Rs. 0.36 Ex Date 28-May-2024

*Result Today*
Indian Railway Catering And Tourism Corporation Ltd.
General Insurance Corporation of India
Linde India Ltd.
Prestige Estates Projects Ltd.
3M India Ltd.
EIH Ltd.
ITI Ltd.
NBCC (India) Ltd.
Aditya Birla Fashion and Retail Ltd.
Aster DM Healthcare Ltd.
Brigade Enterprises Ltd.
RR Kabel Ltd.
Rites Ltd.
Amara Raja Energy & Mobility Ltd.
Engineers India Ltd.
Ingersoll-Rand (India) Ltd.
MMTC Ltd.
PTC Industries Ltd.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
TTK Prestige Ltd.
Eureka Forbes Ltd.
Techno Electric & Engineering Company Ltd.
Wockhardt Ltd.
Medplus Health Services Ltd.
Responsive Industries Ltd.
JSW Holdings Ltd.
Greenlam Industries Ltd.
Campus Activewear Ltd.
Hemisphere Properties India Ltd.
EPL Ltd.
MTAR Technologies Ltd.
ITD Cementation India Ltd.
Dynamatic Technologies Ltd.
Kumar Infraprojects Ltd.
Grauer & Weil (India) Ltd.
Balmer Lawrie & Company Ltd.
Fineotex Chemical Ltd.
Apeejay Surrendra Park Hotels Ltd.
Imagicaaworld Entertainment Ltd.
Pilani Investment And Industries Corporation Ltd.
Gensol Engineering Ltd.
The Orissa Minerals Development Company Ltd.
Unitech Ltd.
Uflex Ltd.
Ashiana Housing Ltd.
Goodluck India Ltd.
Supriya Lifescience Ltd.
SEPC Ltd.
Shalby Ltd.
Thejo Engineering Ltd.
Hindware Home Innovation Ltd.
Dreamfolks Services Ltd.
Seamec Ltd.
Exicom Tele-Systems Ltd.
India Glycols Ltd.
SG Finserve Ltd.
Man Industries (India) Ltd.

Stocks Picker Articles

28 May 2024 04:56

*Fund Houses Recommendations*


GS on *Auro Pharma:* Maintain Buy on Company, raise target price at Rs 1325/Sh (Positive)

BofA on *Auro Pharma:* Maintain Buy on Company, raise target price at Rs 1370/Sh (Positive)

MOSL on *Canara Bank:* Maintain Buy on Bank, raise target price at Rs 130/Sh (Positive)

MOSL on *Cello World:* Maintain Buy on Company, target price at Rs 1090/Sh (Positive)

CLSA on *IRB Infra:* Maintain Buy on Company, target price at Rs 81/Sh (Positive)

CLSA on *Auro Pharma:* Downgrade to Outperform on Company, target price at Rs 1320/Sh (Neutral)

JP Morgan on *United Spirits:* Maintain Neutral on Company, cut target price at Rs 1150/Sh (Neutral)

Jefferies on *JK Lakshmi:* Maintain Hold on Company, target price at Rs 905/Sh (Neutral)

UBS on *Bosch:* Maintain Sell on Company, raise target price at Rs 20000/Sh (Neutral)

MOSL on *Happy Forging:* Maintain Buy on Company, target price at Rs 1260/Sh (Neutral)

CLSA on *Nazara Tech:* Maintain Sell on Company, cut target price at Rs 525/Sh (Negative)

Jefferies on *Nazara Tech:* Maintain Hold on Company, cut target price at Rs 650/Sh (Negative)

Stocks Picker Articles

28 May 2024 04:35

*Stocks in News*


*Lumax Tech:* Net profit at Rs 51.0 cr vs Rs 24.0 cr, Revenue at Rs 757 cr vs Rs 493 cr. (YoY) (Positive)

*Natco Pharma:* Net profit at Rs 386 cr vs Rs 276 cr, Revenue at Rs 1068 cr vs Rs 898 cr. (YoY) (Positive)

*Sumitomo Chem:* Net Profit at Rs 110 cr vs Rs 55 cr, Revenue at Rs 674 cr vs Rs 542 cr. (QoQ). (Positive)

*VPRPL:* Net Profit at Rs 67 cr vs Rs 40 cr, Revenue at Rs 657 cr vs Rs 455 cr. (YoY). (Positive)

*Astrazenca Pharma:* Net Profit at Rs 39 cr vs Rs 17 cr, Revenue at Rs 383 cr vs Rs 285 cr. (YoY) (Positive)

*Garware:* Net profit at Rs 69.6 cr vs Rs 66.7 cr, Revenue at Rs 382 cr vs Rs 370 cr. (YoY) (Positive)

*Bhageria:* Net profit at Rs 7.2 cr vs Rs 5.0 cr, Revenue at Rs 183 cr vs Rs 145.0 cr. (YoY) (Positive)

*Motisans:* Net profit at Rs 10.8 cr vs Rs 3.0 cr, Revenue at Rs 116 cr vs Rs 90.7 cr. (YoY) (Positive)

*TBZ:* Net profit at Rs 12.5 cr vs Rs 11.3 cr, Revenue at Rs 507 cr vs Rs 465 cr. (YoY) (Positive)

*Career Point:* Net profit at Rs 14.3 cr vs loss Rs 16.4 cr, Revenue at Rs 25.7 cr vs Rs 24.8 cr. (YoY) (Positive)

*Jindal World:* Net profit at Rs 28.2 cr vs Rs 26.5 cr, Revenue at Rs 574.0 cr vs Rs 549 cr (YoY) (Positive)

*Aster DM:* Company has undertaken an expansion for Aster CMI Hospital in Bengaluru, adding 300,000 square feet of infrastructure, raising its bed capacity from 500 to 850. (Positive)

*Axis cades:* Company receives Rs 90 crore order from Bharat Electronics for eight radar processing systems (Positive)

*FMCG stocks:* IMD expects above normal monsoon likely in India from June to September 2024 (Positive)

*Honasa Consumer:* Mamaearth's parent company Honasa Consumer is planning to restructure its offline distribution model, says CEO Varun Alagh. (Positive)

*HINDALCO:* Company plans to spend Rs. 6,000 cr in capex this year. Company has plans to spend substantial capex over the next three years in copper and aluminium. (Positive)

*BSE:* Company approved execution of share purchase agreement with SPDJ SINGAPORE PTE for acquiring 50% stake of AIPL from SPJDS. (Positive)

*HCL TECH:* Company and arm collaborate on custom silicon chips optimized for AI workloads. (Positive)

*Cochin Shipyard:* Company secures a €60 million order for hybrid SOVs from a UK operator. (Positive)

*ZF Commercial Vehicle:* Company in pact with IIT Madras for global mobility digital infrastructure (Positive)

*EKI Energy Services:* Company to provide carbon credit services for Azerbaijan’s FARI Solutions. (Positive)

*Praveg:* Net profit at Rs 1.6 cr vs profit Rs 5.2 cr, Revenue at Rs 32 cr vs Rs 18.7 cr. (YoY) (Neutral)

*Laxmi Machine:* Net profit at Rs 65.2 cr vs Rs 84.3 cr, Revenue at Rs 952 cr vs Rs 1217 cr. (YoY) (Neutral)

*NALCO:* Net profit at Rs 997 crore versus Est of Rs 605 cr, Revenues at Rs 3579 crore versus Est of Rs 3771 cr (Neutral)

*Dish TV:* Net loss of Rs 1,989.7 cr vs loss of Rs 1,720.6 cr, Revenue down 19.4% At Rs 407 Cr Vs Rs 504.8 Cr (Neutral)

*LIC:* Total APE up 10.7% at ₹21,180 cr vs ₹19,137 cr, Value Of New Biz (VNB) down 1.6% at ₹3,645 cr vs ₹3,704 cr (YoY) (Neutral)

*Jubilant Ind:* Net profit up 17% at ₹22 cr vs ₹18.8 , Revenue down 12.6% at ₹300.3 cr vs ₹343.4 cr (YoY) (Neutral)

*Juniper:* Net profit at Rs 46.7 cr vs Rs 14.8 cr, Revenue at Rs 245 cr vs Rs 194 cr. (YoY) (Neutral)

*Jai Corp:* EBITDA at Rs 17 cr vs Rs 11 cr, Revenue at Rs 123 cr vs Rs 125 cr. (YoY) (Neutral)

*NMDC:* Net profit at Rs 1413 cr vs Rs 2272 cr, Revenue at Rs 6489 cr vs Rs 5851 cr. (YoY) (Neutral)

*Heranba:* Net profit at Rs 13.1 cr vs Rs 14.3 cr, Revenue at Rs 261 cr vs Rs 260 cr. (YoY) (Neutral)

*ZF Commercial:* Net profit at Rs 100.2 cr vs Rs 101.2 cr, Revenue at Rs 959 cr vs Rs 977 cr. (YoY) (Neutral)

*Nandan Denim:* Net profit at Rs 27.1 cr vs Rs 27.6 cr, Revenue at Rs 579 cr vs Rs 457 cr. (YoY) (Neutral)

*NRB:* Net profit at Rs 31.2 cr vs Rs 34.6 cr, Revenue at Rs 285 cr vs Rs 312 cr. (YoY) (Neutral)

Stocks Picker Articles

27 May 2024 04:53

*Petronet:* Company guidance for next year is for 27 million tons of LNG imports, Company expects that the majority of the incs Rs 797 cr. (YoY) (Negative)

*Orient Green:* Net loss at Rs 25.3 cr vs Rs 19.0 cr, Revenue at Rs 36 cr vs Rs 44 cr. (YoY) (Negative)

*Hero Motocorp:* Tax demand worth Rs 605 crore for AY 2013-14, 2017-18 and 2019-20 rectified. (Negative)

Stocks Picker Articles

24 May 2024 05:32

Corporate Actions

KPI Green Energy has approved Sub-division/split of existing equity share of the Company from 1 Equity Share having face value of Rs. 10/- each into 2 Equity Shares having face value of Rs. 5/- each, subject to approval of Shareholders

Dividend

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

24 May 2024 05:23

Bulk Deal & Insider Trade Update

Bulk Deals
*Star Health & Al Ins Co L : Apis Growth 6 Ltd Sell 15258134 Shares @ Rs. 535
*Star Health & Al Ins Co L : Mio Iv Star Sell 14017112 Shares @ Rs. 535
*Star Health & Al Ins Co L : Icici Prudential Life Insurance Company Ltd. Buy 11700000 Shares @ Rs. 535
*Star Health & Al Ins Co L : Mio Star Sell 6134978 Shares @ Rs. 535
*Star Health & Al Ins Co L : Roc Star Investment Trust Sell 5908142 Shares @ Rs. 535
*Star Health & Al Ins Co L : Hdfc Mutual Fund Buy 5608000 Shares @ Rs. 535
*Star Health & Al Ins Co L : East Bridge Capital Master Fund I Ltd Buy 5500000 Shares @ Rs. 535
*Grasim Industries Limited : Icici Prudential Asset Management Company Limited Sell 129458 Shares @ Rs. 1126.57

Insider Trade
*Acquisition*
* Raj Family Trust represented by Devineni Ashok Managing Trustee and Rajashree Pinnamaneni Trustee Promoter Group Acquisition 7077200 shares of Nava Ltd on 22-May-24
* NICCO ENGINEERING SERVICES LIMITED Promoter Group Acquisition 7676 shares of Nicco Parks & Resorts Ltd.-$ on 17-May-24
* SHALINI JHANWAR Revised Promoter & Director Acquisition 14779 shares of Trishakti Industries Ltd on 16-May-24

*Disposal*
* Promoter Group Disposal 18259 shares of Raymond Ltd.
* BLUEROCK INVESTMENT QUOTIENT LLP Promoter Disposal 18165 shares of Pulsar International Ltd. on 23-May-24
* DEVINENI BHAKATA PRIYA Promoter Group Disposal 7077200 shares of Nava Ltd on 22-May-24
* Param Kamlesh Kapadia Promoter Group Disposal 19470 shares of Sterling Powergensys Limited
* Peterhouse Investments India Ltd. Promoter Group Disposal 200000 shares of Usha Martin Ltd. on 21-May-24
* Promoter & Director Disposal 960000 shares of Iel Ltd
* Chenayappillil John George Promoter Disposal 1000000 shares of Geojit Financial Services Ltd on 22-May-24
* Ramakant Baheti Director Disposal 4186 shares of Avenue Supermarts Ltd on 22-May-24
* Anuj Kumar Director Disposal 4480 shares of Computer Age Management Services Ltd
* SBI Capital Markets Ltd. Promoter Group Disposal 6500 shares of Sbi General Insurance Company Ltd on 21-May-24

*Pledge*
* Zuari Industries Limited Formerly Zuari Global Limited Promoter Pledge 1500000 shares of Chambal Fertilisers & Chemicals Ltd. on 17-May-24
* Mrs. Sudha D. Mhaiskar Promoter Group Pledge 700000 shares of Mep Infrastructure Developers Ltd on 08-Apr-24

Dividend Update
*Qgo Finance Ltd. Interim Dividend Rs. 0.15 Ex Date 24-May-2024
*Som Distilleries & Breweries Ltd. Stock Split From Rs.5/ to Rs.2/ Ex Date 24-May-2024
*Tata Global Beverages Ltd. Final Dividend Rs. 7.75 Ex Date 24-May-2024
*Trident Ltd. Interim Dividend Ex Date 24-May-2024
*Vedanta Ltd. Interim Dividend Rs. 11 Ex Date 24-May-2024

Stocks Picker Articles

24 May 2024 05:22

Stock in Action

BEL: With improving visibility, led by strong orders in hand and good execution, Bharat Electronics Ltd is confident of a strong growth in the coming years. The company has a healthy order backlog of nearly Rs 76,000 crore, providing strong revenue visibility for the next three years. The company won orders worth Rs 35,000 crore, against its earlier guidance of Rs 20,000 crore. The company is expecting order inflows of close to Rs 25,000 crore, excluding LRSM orders (long-range anti-ship missiles), in the current fiscal as well. Large defence programmes like LRSM, QRSM and others are undergoing successful trials and could be finalised this year or the next, translating into significant additional inflows. The company is also optimistic about execution in the coming months, led by easing supply- side issues and traction in new orders. In terms of EBITDA margin, it projects 23-25 percent margins in the current fiscal, led by better revenue mix, easing cost pressures and better cost control. The company is also confident about exports. Export orders now stand at $407 million as against $211 million in fiscal 2023. Exports have a strong visibility, considering that, in fiscal 2024, export revenue was merely $110 million. Positive on BEL given reasonable valuation and strong order book which provides earnings visbility.

Jubilant FoodWorks: Jubilant FoodWorks reported decent set of Q4FY24 results. Revenues from the India operations grew 6% YoY, primarily driven by network expansion. Dominos India revenues grew 4.9%, driven by 5.5% order growth. Dominos LFL growth was 0.1% in Q4FY24. DP Eurasia reported revenues of Rs 217 crore in the February-March 2024 period. The Dominos Bangladesh business grew 52% owing to rapid store expansion, while the Sri Lanka business grew 4% YoY. The demand for pizzas in the domestic market has been under pressure owing to weak consumer sentiment due to the high inflation in the recent past. JFL stated that the demand environment remains uncertain and the softness may sustain in the near term. While there has been demand pressure at the industry level, JFL’s LFL growth turned marginally positive in Q4FY24. Company has invested about Rs 1,200 crore for the acquisition. Positive on Jubilant Foodworks given the decent set of 4QFY24 performance and recovery in same store sales growth.

Stocks Picker Articles

24 May 2024 04:30

*Schneider Electric:* Net profit at Rs 3 cr vs Rs 45 cr, Revenue at Rs 472 cr vs Rs 411 cr. (YoY) (Neutral)

*CESC:* Net profit at Rs 415 cr vs Rs 445 cr, Revenue at Rs 3387 cr vs Rs 3102 cr. (YoY) (Neutral)

*Cello World:* Net profit at Rs 96.1 cr vs Rs 90.6 cr, Revenue at Rs 512 cr vs Rs 527 cr. (YoY) (Neutral)

*Puravankara:* Net loss at Rs 7 cr vs profit of Rs 27 cr, Revenue at Rs 920 cr vs Rs 389 cr. (YoY) (Neutral)

*GMM :* Net profit at Rs 28 cr vs Rs 33 cr, Revenue at Rs 741 cr vs Rs 866 cr. (YoY) (Neutral)

*Time Techno:* Net profit at Rs 94.0 cr vs Rs 65.0 cr, Revenue at Rs 1394 cr vs Rs 1192 cr. (YoY) (Neutral)

*Zee Entertainment:* Company seeks termination fee of $90 million from CulverMax and Bangla Entertainment. (Neutral)

*Reliance Industries:* Company and Walt Disney have sought antitrust clearance for their $8.5 billion India media merger (Neutral)

*Sterlite Power:* Company receives stakeholders' approval to demerge transmission business. (Neutral)

*Page Industries:* Company declares Rs 120 per share Dividend Record date on May 31. (Neutral)

*Adani enterprises:* Company board meeting on May 28 to consider proposal of raising of funds by way of issuance equity shares or any other eligible securities (Neutral)

*Reliance Capital:* Company administrator seeks 90-day extension from NCLT for resolution plan deadline set for Hinduja Group. (Neutral)

*RPSG:* Net loss at Rs 94.78 cr vs Rs 132.15 cr, Revenue at Rs 202 cr vs Rs 1792 cr. (YoY) (Negative)

*GMM :* Net profit at Rs 28 cr vs Rs 33 cr, Revenue at Rs 741 cr vs Rs 866 cr. (YoY) (Negative)

*ICICI Lombard:* Company has received a GST show-cause notice worth ₹288 crore for fiscal year 2020 (Negative)

Stocks Picker Articles

23 May 2024 05:36

Forthcoming Event

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; Reliance Power to consider Fund Raising

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

29th May: ADCINDIA, AHLUCONT, ALKEM, ANSALHSG, BAMBINO, BANCOINDIA, BATAINDIA, CUMMINSIND, DEEPAKFERT, DONEAR, HAWKINCOOK, HEIDELBERG, HERITGFOOD, ICEMAKE, IONEXCHANG, IPCALAB, ISGEC, KCPSUGIND, KOVAI, MAITHANALL, MANGIND, MOTHERSON, MUNJALSHOW, NOCIL, RAJPALAYAM, RHIM, SJVN, SUPER, SUPRAJIT, WIPL to consider Dividend; Rajnish Retail to consider Fund Raising & Stock Split; Almondz Global Securities, Kapston Services to consider Stock Split

30th May: ANSALBU, APOLLOHOSP, BDL, BEEKAY, HISARMETAL, IPL, JYOTIN, MARKSANS, SAMRATPH, SUPERHOUSE, SWANENERGY to consider Dividend; Avonmore Capital & Management Services to consider Fund Raising; NHC Foods to consider Fund Raising & Stock Split; Aartech Solonics to consider Bonus issue & Stock Split

Stocks Picker Articles

23 May 2024 05:13

Bulk Deal & Insider Trade Update

Bulk Deals
*Granules India Limited : Massachusetts Institute Of Technology Buy 2593000 Shares @ Rs. 405.1
*Granules India Limited : Axis Mutual Fund Buy 2526000 Shares @ Rs. 405.1
*Aarti Pharmalabs Limited : Quant Mutual Fund Buy 1051000 Shares @ Rs. 575.83
*Aarti Pharmalabs Limited : Baron Emerging Markets Fund Sell 861792 Shares @ Rs. 573
*Apollotyre : White Iris Investment Ltd Sell 22474903 Shares @ Rs. 477.35
*Apollotyre : Icici Prudential Mutual Fund Buy 4189798 Shares @ Rs. 477.35
*Apollotyre : Morgan Stanley Asia Singapore Pte Buy 4014099 Shares @ Rs. 477.35
*Orchasp : Beacon Stone Capital Vcc - Beacon Stone I Buy 9945680 Shares @ Rs. 3.98
*Orchasp : Global Focus Fund Sell 5000000 Shares @ Rs. 3.98
*Orchasp : Global Focus Fund Fccb Sell 5000000 Shares @ Rs. 3.98

Insider Trade
*Acquisition*
* Dr.Manohar Loka Reddy Promoter & Director Acquisition 17000 shares of Nettlinx Ltd. on 22-May-24
* SHALINI JHANWAR Promoter & Director Acquisition 34447 shares of Trishakti Industries Ltd on 16-May-24
* Ajay Kumar Bansal Promoter Acquisition 56375 shares of Hi-Tech Pipes Ltd on 17-May-24

*Disposal*
* SHITAL TRADING & INTERIORS PVT.LTD. Promoter Group Disposal 25000 shares of Nirlon Ltd. on 18-May-24
* SRIKRISHNA NARASIMHAN Director Disposal 30000 shares of Wsfx Global Pay Ltd on 16-May-24
* Dr.Manohar Loka Reddy Promoter & Director Disposal 37635 shares of Nettlinx Ltd.
* BLUEROCK INVESTMENT QUOTIENT LLP Promoter Disposal 264300 shares of Pulsar International Ltd. on 21-May-24
* Promoter Disposal 2193392 shares of Kcl Infra Projects Ltd
* Mahen Distribution Limited Promoter Disposal 49937 shares of Ethos Ltd on 21-May-24

*Pledge*
* SHREE KISHORIJU TRADING AND INVESTMENT PRIVATE LIMITED Promoter Pledge 35000 shares of Mangalam Drugs & Organics Ltd. on 16-May-24

Dividend Update
---

*Result Today*
ITC Ltd.
Interglobe Aviation Ltd.
UNO Minda Ltd.
Page Industries Ltd.
Tata Investment Corporation Ltd.
Fortis Healthcare Ltd.
Bayer CropScience Ltd.
Schneider Electric Infrastructure Ltd.
CESC Ltd.
Cello World Ltd.
Concord Biotech Ltd.
Finolex Cables Ltd.
Bikaji Foods International Ltd.
Honasa Consumer Ltd.
PCBL Ltd.
JK Lakshmi Cement Ltd.
Tega Industries Ltd.
Esab India Ltd.
Saregama India Ltd.
Vaibhav Global Ltd.
Senco Gold Ltd.
Time Technoplast Ltd.
Puravankara Ltd.
Orchid Pharma Ltd.
ICRA Ltd.
Gabriel India Ltd.
TD Power Systems Ltd.
Shilpa Medicare Ltd.
Sharda Motor Industries Ltd.
Indian Metals & Ferro Alloys Ltd.
Yatharth Hospital & Trauma Care Services Ltd.
Steel Strips Wheels Ltd.
Nucleus Software Exports Ltd.
Zaggle Prepaid Ocean Services Ltd.
Subros Ltd.
Bannari Amman Sugars Ltd.
Landmark Cars Ltd.
SML Isuzu Ltd.
Johnson Controls - Hitachi Air Conditioning India Ltd.
Sandhar Technologies Ltd.
Bajel Projects Ltd.
Ganesha Ecosphere Ltd.
Taj GVK Hotels & Resorts Ltd.
GOCL Corporation Ltd.
RPSG Ventures Ltd.
Barbeque-Nation Hospitality Ltd.
Precision Camshafts Ltd.
Rupa & Company Ltd.
Expleo Solutions Ltd.
Disa India Ltd.
Amrutanjan Health Care Ltd.
Igarashi Motors India Ltd.
Himatsingka Seide Ltd.
Mangalore Chemicals & Fertilizers Ltd.
Xchanging Solutions Ltd.
Indo Tech Transformers Ltd.
Om Infra Ltd.
NACL Industries Ltd.
GKW Ltd.
Faze Three Ltd.
Radiant Cash Management Services Ltd.
Hexa Tradex Ltd.
Allied Digital Services Ltd.
Veljan Denison Ltd.
Asian Granito India Ltd.
DMCC Speciality Chemicals Ltd.
Kirloskar Electric Company Ltd.
Shankar Lal Rampal Dye-Chem Ltd.
Khaitan Chemicals & Fertilizers Ltd.
Shreyas Shipping & Logistics Ltd.
Geekay Wires Ltd.
Mazda Ltd.
Singer India Ltd.
Bharat Road Network Ltd.
UFO Moviez India Ltd.
Muthoot Capital Services Ltd.

Stocks Picker Articles

23 May 2024 04:48

*Fund House Recommendations*


Nomura on *BEL:* Maintain Buy on Company, raise target price at Rs 317/Sh (Positive)

MOSL on *HDFC Life:* Upgrade to Buy on Company, raise target price at Rs 700/Sh (Positive)

Axis on *Zomato:* Initiate Buy on Company, target price at Rs 254/Sh (Positive)

Investec on *Nykaa:* Maintain Buy on Company, raise target price at Rs 203/Sh (Positive)

UBS on *Nykaa:* Maintain Neutral on Company, target price at Rs 210/Sh (Positive)

Nomura on *Cipla:* Maintain Neutral on Company, raise target price at Rs 1535/Sh (Positive)

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

Nomura on *Ramco Cement:* Maintain Buy on Company, target price at Rs 1100/Sh (Positive)

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

Nuvama on *Minda Corp:* Maintain Buy on Company, target price at Rs 530/Sh (Positive)

Nuvama on *Indigo Paints:* Maintain Buy on Company, target price at Rs 1825/Sh (Positive)

Nuvama on *Trent:* Maintain Buy on Company, target price at Rs 5365/Sh (Positive)

Bernstein on *PayTM:* Maintain Outperform on Company, target price at Rs 600/Sh (Positive)

MS on *PNB Housing:* Maintain Overweight on Company, target price at Rs 1025/Sh (Positive)

Jefferies on *Sun Pharma:* Maintain Buy on Company, raise target price at Rs 1785/Sh (Positive)

JP Morgan on *Sun Pharma:* Maintain Overweight on Company, raise target price at Rs 1610/Sh (Positive)

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

MS on *Jubilant Food:* Maintain Neutral on Company, raise target price at Rs 515/Sh (Positive)

Jefferies on *Jubilant Food:* Maintain Hold on Company, cut target price at Rs 475/Sh (Neutral)

MS on *Jubilant Food:* Maintain Equal weight on Company, cut target price at Rs 427/Sh (Neutral)

Macquarie on *PayTM:* Maintain Underperform on Company, target price at Rs 275/Sh (Neutral)

Citi on *PayTM:* Maintain Outperform on Company, target price at Rs 360/Sh (Neutral)

Jefferies on *Ramco Cement:* Maintain Underperform on Company, target price at Rs 690/Sh (Neutral)

CLSA on *DB Corp:* Maintain Outperform on Company, cut target price at Rs 275/Sh (Neutral)

Nomura on *Gland Pharma:* Maintain Neutral on Company, target price at Rs 1570/Sh (Neutral)

Citi on *Gland Pharma:* Maintain Sell on Company, target price at Rs 1310/Sh (Neutral)

Nomura on *Sun Pharma:* Maintain Neutral on Company, target price at Rs 1440/Sh (Neutral)

MS on *Power Grid:* Maintain Overweight on Company, target price at Rs 296/Sh (Neutral)

MS on *Petronet:* Maintain Equal weight on Company, target price at Rs 239/Sh (Neutral)

MS on *Grasim:* Maintain Equal weight on Company, target price at Rs 2560/Sh (Neutral)

MS on *Torrent Power:* Maintain Underweight on Company, target price at Rs 1035/Sh (Neutral)

Nuvama on *BEL:* Maintain Hold on Company, target price at Rs 270/Sh (Neutral)

Stocks Picker Articles

22 May 2024 05:42

29th May: ADCINDIA, AHLUCONT, ALKEM, ANSALHSG, BAMBINO, BANCOINDIA, BATAINDIA, CUMMINSIND, DEEPAKFERT, DONEAR, HAWKINCOOK, HEIDELBERG, HERITGFOOD, ICEMAKE, IONEXCHANG, IPCALAB, ISGEC, KCPSUGIND, KOVAI, MAITHANALL, MANGIND, MOTHERSON, MUNJALSHOW, NOCIL, RAJPALAYAM, RHIM, SJVN, SUPER, SUPRAJIT, WIPL to consider Dividend; Rajnish Retail to consider Fund Raising & Stock Split; Almondz Global Securities, Kapston Services to consider Stock Split

30th May: ANSALBU, APOLLOHOSP, BDL, BEEKAY, HISARMETAL, IPL, JYOTIN, MARKSANS, SAMRATPH, SUPERHOUSE, SWANENERGY to consider Dividend; Avonmore Capital & Management Services to consider Fund Raising; NHC Foods to consider Fund Raising & Stock Split; Aartech Solonics to consider Bonus issue & Stock Split