Stocks Picker Articles

16 Jul 2024 05:41

*Corporate Actions*

Ujaas Energy approved issue of Bonus Shares, to public equity shareholders (i.e. the promoters are not participating in this issue) in the ratio of 1:4 i.e., 1 new Equity Shares for every 4 existing Equity Share held subject to the approval of the shareholders of the Company in the ensuing Annual General Meeting.

*Dividend*

*16-Jul-24*
M&MFIN: Final Dividend - Rs. - 6.30
IDBI: Dividend - Rs. - 1.50
RANEENGINE: Final Dividend - Rs. - 5.00
ELEMARB: Final Dividend - Rs. - 2.75
IDFC: Interim Dividend - Rs. - 1.00
TTKHLTCARE: Final Dividend - Rs. - 10.00
DRREDDY: Final Dividend - Rs. - 40.00
PIXTRANS: Final Dividend - Rs. - 7.00
LUPIN: Final Dividend - Rs. - 8.00
NESTLEIND: Final Dividend - Rs. - 11.25
PSB: Dividend - Rs. - 0.20
TIRUMALCHM: Final Dividend - Rs. - 1.00
SAKUMA: Final Dividend - Rs. - 0.05
WIREFABR: Dividend - Rs. - 0.10

*18-Jul-24*
UTIAMC: Final Dividend - Rs. - 47.00
PANAENERG: Final Dividend - Rs. - 8.85
ULTRAMAR: Dividend - Rs. - 5.00
GPTHEALTH: Final Dividend - Rs. - 1.50
PRAJIND: Final Dividend - Rs. - 6.00
GOLKUNDIA: Final Dividend - Rs. - 1.50
TANLA: Final Dividend - Rs. - 6.00
PRECAM: Final Dividend - Rs. - 1.00
ARVSMART: Final Dividend - Rs. - 3.50
CANFINHOME: Final Dividend - Rs. - 4.00
BLISSGVS: Final Dividend - Rs. - 0.50
NEWGEN: Final Dividend - Rs. - 4.00
THANGAMAYL: Final Dividend - Rs. - 6.00
ARE&M: Final Dividend - Rs. - 5.10
ADVENZYMES: Final Dividend - Rs. - 1.10
NELCAST: Dividend - Rs. - 0.40
KEIL: Final Dividend - Rs. - 0.05
ASMTEC: Final Dividend - Rs. - 1.00

*IPO*
Sanstar: 19-Jul-24; Close: 23-Jul-24

*Buyback*
---

*Bonus*
MM Forgings: Bonus Issue 1:1; Ex-Date: 16-Jul-24
Siddhika Coatings: Bonus Issue 1:1; Ex-Date: 19-Jul-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

*Stock Split*
KPI Green Energy: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 18-Jul-24
Elecon Engineering: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 19-Jul-24
NHC Foods: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Jul-24
Almondz Global Sec.: Stock Split From Rs. 6/- to Rs. 1/-; Ex-Date: 23-Jul-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

*Right Issue*
Shrydus Industries: Ex-Date: 19-Jul-24
Srestha Finvest: 04-Jun-24; Close: 18-Jul-24
SEPC: 05-Jul-24; Close: 19-Jul-24
Bhandari Hosiery Exports: 08-Jul-24; Close: 22-Jul-24
SAR Televenture: 15-Jul-24; Close: 22-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24

Stocks Picker Articles

16 Jul 2024 04:55

*Bulk Deal & Insider Trade Update*

*Bulk Deals*
*Eris Lifesciences Limited: Franklin Templeton Mutual Fund Buy 1094201 Shares @ Rs. 1000.04
*Kamdhenu Ventures Limited: Minerva Ventures Fund Buy 5000000 Shares @ Rs. 40
*House Of Pearl Fashions L: Hdfc Mutual Fund Buy 242605 Shares @ Rs. 731
*Sar Televenture Limited: Ovata Equity Strategies Master Fund Buy 130000 Shares @ Rs. 26.57
*Jublpharma: East Bridge Capital Master Fund Limited Sell 5711 Shares @ Rs. 718.15
*Pgil: Hdfc Mutual Fund Buy 447380 Shares @ Rs. 731

*Insider Trade*
Acquisition
* Kirloskar Industries Ltd: Mahesh Chhabria, Director, Acquisition 11899 shares on 15-Jul-24
* Jai Balaji Industries Ltd.: SHRI MAHATEJAS VINIMAY PRIVATE LIMITED, Promoter Group, Acquisition 5000000 shares on 11-Jul-24
* Godrej Properties Ltd: Promoter Group, Acquisition 3986400 shares
* Hi-Tech Pipes Ltd: Promoter Group, Acquisition 3975000 shares

Disposal
* Godrej Properties Ltd: M/s. RKN Enterprises, Promoter Group, Disposal 3986400 shares on 11-Jul-24
* Glenmark Life Sciences Ltd: Promoter, Disposal 9617371 shares

*Dividend Update*
*Dr. Reddy's Laboratories Ltd.: Final Dividend Rs. 40.00; Ex Date: 16-Jul-2024
*Elegant Marbles & Grani Industries Ltd.: Final Dividend Rs. 2.75; Ex Date: 16-Jul-2024
*IDBI Bank Ltd.: Dividend Rs. 1.50; Ex Date: 16-Jul-2024
*IDFC Ltd.: Interim Dividend Rs. 1.00; Ex Date: 16-Jul-2024
*Lupin Ltd.: Final Dividend Rs. 8.00; Ex Date: 16-Jul-2024
*Mahindra & Mahindra Financial Services Ltd.: Final Dividend Rs. 6.30; Ex Date: 16-Jul-2024
*Nestle India Ltd.: Final Dividend Rs. 8.50; Ex Date: 16-Jul-2024
*Nestle India Ltd.: Interim Dividend Rs. 2.75; Ex Date: 16-Jul-2024
*Pix Transmissions Ltd.: Final Dividend Rs. 7.00; Ex Date: 16-Jul-2024
*Punjab & Sind Bank: Dividend Rs. 0.20; Ex Date: 16-Jul-2024
*Rane Engine Valve Ltd.: Final Dividend Rs. 5.00; Ex Date: 16-Jul-2024
*Sakuma Exports Ltd.: Final Dividend Rs. 0.05; Ex Date: 16-Jul-2024
*Thirumalai Chemicals Ltd.: Final Dividend Rs. 1.00; Ex Date: 16-Jul-2024
*TTK Healthcare Ltd.: Final Dividend Rs. 10.00; Ex Date: 16-Jul-2024
*Wires & Fabriks (S.A.) Ltd.: Dividend Rs. 0.10; Ex Date: 16-Jul-2024

Result today
Bajaj Auto Ltd.
L&T Finance Ltd.
CRISIL Ltd.
Century Textiles & Industries Ltd.
Himadri Speciality Chemical Ltd.
Alok Industries Ltd.
Just Dial Ltd.
Network 18 Media & Investments Ltd.
Jubilant Ingrevia Ltd.
TV18 Broadcast Ltd.
D.B. Corp Ltd.
Dee Development Engineers Ltd
Agro Tech Foods Ltd.
Eimco Elecon (India) Ltd.
BMW Industries Ltd.
Aditya Birla Money Ltd.
International Travel House Ltd.
Capital Trade Links Ltd.

Stocks Picker Articles

16 Jul 2024 04:31

*Balakrishna Industries* Company completes setting up of mould manufacturing plant at its Bhuj unit with a capex of Rs 300 crore (Neutral)

*Unichem Laboratories:* U.S. FDA completes inspection at company’s Goa formulation facility, issues 5 observations (Neutral)

*Federal Bank:* Bank to Consider Q1 Results on July 24 (Neutral)

*Sun Pharma:* Board Meeting on Aug 1 to Consider Q1 Results (Neutral)

*JP Associates:* Adani Eyes Jaypee Cement Assets through IBC (Neutral)

*Equitas SFB:* Company approves appointment of Narayanan N R, K S Sampath & Ramkumar Krishnaswamy as independent directors. (Neutral)

*Jio Fin:* Net Profit at Rs 313 cr vs Rs. 332 cr, Revenue at Rs 420 cr vs Rs 414 cr (YoY). (Neutral)

*Adani Ports:* GQG Partners increased stake to 4.12% from 4.07% (Neutral)

*One 97 Communication:* Paytm gets administrative warning from SEBI (Neutral)

*Oil upstream stocks:* Windfall Tax on Crude rise to ₹7,000/tonne from ₹6,000/tonne w.e.f. July 16, 2024 (Neutral)

*Telecom Stocks:* Supreme Court to urgently hear curative petition against an earlier court order regarding AGR dues. (Neutral)

Stocks Picker Articles

15 Jul 2024 05:27

Corporate Actions

Dividend

15-Jul-24
RBL: Final Dividend - Rs. - 30.00
APLLTD: Final Dividend - Rs. - 11.00
SIYSIL: Final Dividend - Rs. - 4.00
DUNCANENG: Final Dividend - Rs. - 3.50
NDRAUTO: Final Dividend - Rs. - 3.75
KPRMILL: Final Dividend - Rs. - 2.50
GUJTHEM: Final Dividend - Rs. - 0.25

16-Jul-24
M&MFIN: Final Dividend - Rs. - 6.30
IDBI: Dividend - Rs. - 1.50
RANEENGINE: Final Dividend - Rs. - 5.00
ELEMARB: Final Dividend - Rs. - 2.75
IDFC: Interim Dividend - Rs. - 1.00
TTKHLTCARE: Final Dividend - Rs. - 10.00
DRREDDY: Final Dividend - Rs. - 40.00
PIXTRANS: Final Dividend - Rs. - 7.00
LUPIN: Final Dividend - Rs. - 8.00
NESTLEIND: Final Dividend - Rs. - 11.25
PSB: Dividend - Rs. - 0.20
TIRUMALCHM: Final Dividend - Rs. - 1.00
SAKUMA: Final Dividend - Rs. - 0.05
WIREFABR: Dividend - Rs. - 0.10

18-Jul-24
UTIAMC: Final Dividend - Rs. - 47.00
PANAENERG: Final Dividend - Rs. - 8.85
ULTRAMAR: Dividend - Rs. - 5.00
GPTHEALTH: Final Dividend - Rs. - 1.50
PRAJIND: Final Dividend - Rs. - 6.00
GOLKUNDIA: Final Dividend - Rs. - 1.50
TANLA: Final Dividend - Rs. - 6.00
PRECAM: Final Dividend - Rs. - 1.00
ARVSMART: Final Dividend - Rs. - 3.50
CANFINHOME: Final Dividend - Rs. - 4.00
BLISSGVS: Final Dividend - Rs. - 0.50
NEWGEN: Final Dividend - Rs. - 4.00
THANGAMAYL: Final Dividend - Rs. - 6.00
ARE&M: Final Dividend - Rs. - 5.10
ADVENZYMES: Final Dividend - Rs. - 1.10
NELCAST: Dividend - Rs. - 0.40
KEIL: Final Dividend - Rs. - 0.05
ASMTEC: Final Dividend - Rs. - 1.00

IPO
---

Buyback
eClerx Services: 09-Jul-24; Close: 15-Jul-24

Bonus
MM Forgings: Bonus Issue 1:1; Ex-Date: 16-Jul-24
Siddhika Coatings: Bonus Issue 1:1; Ex-Date: 19-Jul-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

Stock Split
KPI Green Energy: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 18-Jul-24
Elecon Engineering: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 19-Jul-24
NHC Foods: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Jul-24
Almondz Global Sec.: Stock Split From Rs. 6/- to Rs. 1/-; Ex-Date: 23-Jul-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
GACM Technologies: Ex-Date: 16-Jul-24
Indowind Energy: Ex-Date: 16-Jul-24
Shrydus Industries: Ex-Date: 19-Jul-24
Srestha Finvest: 04-Jun-24; Close: 18-Jul-24
SEPC: 05-Jul-24; Close: 19-Jul-24
Bhandari Hosiery Exports: 08-Jul-24; Close: 22-Jul-24
SAR Televenture: 15-Jul-24; Close: 22-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24

Stocks Picker Articles

15 Jul 2024 04:44

Bulk Deal & Insider Trade Update

Bulk Deals
*Oriental Carbn & Chem Ltd: Hdfc Mutual Fund Sell 66017 Shares @ Rs. 249.06
*Zenith Drugs Limited: Kingsman Wealth Fund Pcc - Kif Ii Buy 96000 Shares @ Rs. 63.15
*Zenith Drugs Limited: Neomile Growth Fund - Series I Sell 96000 Shares @ Rs. 63.15
*Cbpl: Nav Capital Vcc - Nav Capital Emerging Star Fund Sell 64000 Shares @ Rs. 64.18

Insider Trade
*Acquisition*
* Godrej Agrovet Ltd: Promoter Group, Acquisition 4146156 shares
* Himalaya Food International Ltd: Doon Valley Food Private Limited Revised , Promoter Group, Acquisition 4868778 shares on 04-Jun-24

*Disposal*
* Godrej Agrovet Ltd: RKN Enterprises Revised , Promoter Group, Disposal 4146156 shares on 11-Jul-24
* Himalaya Food International Ltd: Promoter Group, Disposal 4942294 shares

*Invoke*
* Hubtown Ltd.: Promoter Group, Invoke 1913144 shares

*Pledge*
* Sterling And Wilson Renewable Energy Ltd: Kainaz Khurshed Daruvala, Promoter Group, Pledge 1000000 shares on 09-Jul-24

Dividend Update
*Alembic Pharmaceuticals Ltd.: Final Dividend Rs. 11.00; Ex Date: 15-Jul-2024
*Duncan Engineering Ltd.: Final Dividend Rs. 3.50; Ex Date: 15-Jul-2024
*Gujarat Themis Biosyn Ltd.: Final Dividend Rs. 0.25; Ex Date: 15-Jul-2024
*K.P.R. Mill Ltd.: Final Dividend Rs. 2.50; Ex Date: 15-Jul-2024
*NDR Auto Components Ltd.: Final Dividend Rs. 3.75; Ex Date: 15-Jul-2024
*Rane Brake Lining Ltd.: Final Dividend Rs. 30.00; Ex Date: 15-Jul-2024
*Siyaram Silk Mills Ltd.: Final Dividend Rs. 4.00; Ex Date: 15-Jul-2024

*Result today*
HDFC Life Insurance Company Ltd.
HDFC Asset Management Company Ltd.
Hatsun Agro Product Ltd.
Angel One Ltd.
Ganesh Housing Corporation Ltd.
Styrenix Performance Materials Ltd.
Benares Hotels Ltd.
Atam Valves Ltd.
KBC Global Ltd.

Stocks Picker Articles

15 Jul 2024 04:43

*JSW Steel:* Fitch affirms JSW steel at 'BB'; outlook stable, Fitch ratings affirmed JSW steel long-term issuer default rating at 'BB' with a stable outlook (Neutral)

*One 97 Communications:* Societe generale - ODI increased stake by 0.58% in company during Q1 (Neutral)

*General Insurance Corp:* Radhika CS takes charge as Executive Director of The Company (Neutral)

*HCL Tech:* Net Profit at Rs 4260 cr vs Rs. 3986 cr (YoY), Revenue at Rs 28050 cr vs Rs 28499 cr (YoY). (Neutral)

*OMDC:* Supreme Court of India issued order in favour of state of Odisha, order rejecting request for renewal of kolha- roida lease is upheld (Neutral)

*IREDA:* Net Profit up 30.2% at ₹383.7 cr vs ₹294.6 cr, NII up 37.6% at ₹507.9 cr vs ₹369 cr (YoY). (Neutral)

*DMart:* Net profit up 16.8% at ₹812.5 cr vs ₹695.4 cr, Revenue up 18.4% at ₹13711.9 cr vs ₹11584.4 cr (YoY) (Neutral)

*PTC India:* Company appoints R Balaji as MD & CEO of the company w.e.f. July 12, 2024. (Neutral)

*RSWM:* Company to sell Thermal Power Plant for 480.1m Rupees. (Neutral)

*Kotak Mahindra Bank:* MD & CEO has told shareholders lender would better leverage tech to drive biz growth, acknowledging that more needs to be done for changing customer expectations. (Neutral)

*M&M:* Board Meeting on July 31 to Consider Q1 Results. (Neutral)

*Suven Pharma:* U.S. FDA completes inspection at Suven Pharmaceuticals' arm in Hyderabad, issues Form 483 with two observations (Neutral)

*PC Jeweller:* Company's board approves raising up to Rs 2,705 crore by preferential issue of fully convertible warrants. (Neutral)

*Reliance Ind:* Board Meeting on July 19 to Consider Q1 Results. (Neutral)

*Tata Power:* Company has made an investment of ₹4,245 crore in the expansion and upgrading of power infrastructure in Odisha (Neutral)

*Paytm:* Softbank Vision Fund, exited from Paytm in the June quarter at a loss of around $150 million (Neutral)

*MTNL:* Company says it is unable to pay semi-annual interest to bondholder due to lack of sufficient funds. (Negative)

Stocks Picker Articles

12 Jul 2024 05:44

Corporate Actions

Dividend

12-Jul-24
IOC: Final Dividend - Rs. - 7.00
PTL: Final Dividend - Rs. - 1.75
UJJIVANSFB: Final Dividend - Rs. - 1.50
BIMETAL: Final Dividend - Rs. - 12.50
JAYAGROGN: Dividend - Rs. - 7.50
DLINKINDIA: Final Dividend - Rs. - 13.00
INDUSFINL: Final Dividend - Rs. - 0.30
ONWARDTEC: Final Dividend - Rs. - 5.00
POLYCHEM: Final Dividend - Rs. - 30.00
NILKAMAL: Final Dividend - Rs. - 20.00
UTKARSHBNK: Final Dividend - Rs. - 0.50
PETRONET: Final Dividend - Rs. - 3.00
KABRAEXTRU: Final Dividend - Rs. - 3.50
TRANSCOR: Final Dividend - Rs. - 0.30
BSOFT: Final Dividend - Rs. - 4.00
20MICRONS: Final Dividend - Rs. - 1.25
MAHLOG: Final Dividend - Rs. - 2.50
MAHLIFE: Final Dividend - Rs. - 2.65
UNITDSPR: Final Dividend - Rs. - 5.00
IRMENERGY: Final Dividend - Rs. - 1.50
SUNPHARMA: Final Dividend - Rs. - 5.00
KIRLPNU: Final Dividend - Rs. - 4.00
BLUEDART: Final Dividend - Rs. - 25.00
ATUL: Dividend - Rs. - 20.00
THEMISMED: Final Dividend - Rs. - 0.50
JUBLFOOD: Final Dividend - Rs. - 1.20
NEULANDLAB: Final Dividend - Rs. - 14.00
SATINDLTD: Final Dividend - Rs. - 0.15
AUBANK: Final Dividend - Rs. - 1.00
ANANTRAJ: Final Dividend - Rs. - 0.73
WENDT: Final Dividend - Rs. - 20.00
AXISBANK: Final Dividend - Rs. - 1.00
PPLPHARMA: Final Dividend - Rs. - 0.11
SAFARI: Final Dividend - Rs. - 1.50

15-Jul-24
RBL: Final Dividend - Rs. - 30.00
APLLTD: Final Dividend - Rs. - 11.00
SIYSIL: Final Dividend - Rs. - 4.00
DUNCANENG: Final Dividend - Rs. - 3.50
NDRAUTO: Final Dividend - Rs. - 3.75
GOEL: Final Dividend - Rs. - 0.50
KPRMILL: Final Dividend - Rs. - 2.50
GUJTHEM: Final Dividend - Rs. - 0.25

IPO
---

Buyback
eClerx Services: 09-Jul-24; Close: 15-Jul-24

Bonus
Alphalogic Techsys: Bonus Issue 14:48; Ex-Date: 12-Jul-24
Filtra Consultants: Bonus Issue 1:3; Ex-Date: 12-Jul-24
MM Forgings: Bonus Issue 1:1; Ex-Date: 16-Jul-24
Siddhika Coatings: Bonus Issue 1:1; Ex-Date: 19-Jul-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

Stock Split
Vantage Knowledge: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Jul-24
WPIL: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Jul-24
KPI Green Energy: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 18-Jul-24
Elecon Engineering: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 19-Jul-24
NHC Foods: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Jul-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Lesha Industries: Ex-Date: 12-Jul-24
Sharat Industries: Ex-Date: 12-Jul-24
Gujarat Toolroom: 14-Jun-24; Close: 12-Jul-24
Spright Agro: 24-Jun-24; Close: 12-Jul-24
Srestha Finvest: 04-Jun-24; Close: 18-Jul-24
SEPC: 05-Jul-24; Close: 19-Jul-24
Bhandari Hosiery Exports: 08-Jul-24; Close: 22-Jul-24
SAR Televenture: 15-Jul-24; Close: 22-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24

Stocks Picker Articles

12 Jul 2024 05:43

Stock in Action

Shipping Corporation of India: Shipping Corporation of India (SCI), the largest Indian shipping company, is well-poised to benefit from the Union ministry of shipping’s proposal of a joint venture between the company and a public sector oil manufacturing company for manufacturing large oil tankers. The move is in line with the Govt. of India’s ‘Atmanirbhar Bharat’ that is aimed at developing India’s manufacturing sector. The manufacturing of very large crude containers (VLCCs) or oil tankers will enable India to lower its dependency on foreign ships and insurance entities and boost energy security. Moreover, shipbuilding is a key feature of the government’s Maritime Indian Vision 2023, whereby this industry, with a unique feature, has nearly 65% of value addition coming from other technology and ancillary industries like steel, electronics, port infrastructure, etc.. Further, it is expected that in the upcoming Union Budget, the Govt. may propose the creation of a Maritime Development Fund, namely, Harit Nauka scheme, with an allocation of Rs. 15,000 crore to Rs. 20,000 crore. This will enable shipbuilders to avail long-term loans at a lower cost. Positive on Shipping Corp. given its leading market position and the government’s ambitious plans for the industry.

Zomato Ltd.: Zomato is in discussions with Paytm to acquire the latter’s movies, ticketing business in an attempt to boost its Going-out segment. Zomato’s incremental improvements in scale, efficiency and durability of the business have resulted in accelerated profitability and cash generation in the last 4 quarters. In Q4FY24, revenue from operations grew at 73.2% on a year-over-year basis owing to robust growth in both food delivery and quick commerce. PAT turned positive to Rs. 175 crore in the quarter from a loss of Rs. 188 crore recorded in the year-ago quarter. Notably, the company has built a large and resilient food delivery business with gross order value (GOV) growing at a CAGR of 30%. Management expects GOV to continue growing at more than 20% on a YoY basis, which is encouraging. Zomato’s Going-out business is comprised of two key segments – Dining-out and Zomato Live. The potential deal with Paytm is likely to help the company capitalize on the business’ large, untapped opportunity, given that it is still in the nascent stage. The GOV for this business grew 136% YoY in FY24 primarily driven by growth in the India Dining-out business. Positive on Zomato given solid future growth outlook of the company and a healthy balance sheet position.

Stocks Picker Articles

12 Jul 2024 05:04

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Stocks Picker Articles

12 Jul 2024 04:58

*Fund Houses Recommendations*


Jefferies on *TCS:* Upgrade to Buy on Company, raise target price at Rs 4615/Sh from Rs 4030/Sh (Positive)

UBS on *TCS:* Maintain Buy on Company, target price at Rs 4600/Sh (Positive)

Nuvama on *TCS:* Maintain Buy on Company, raise target price at Rs 4800/Sh (Positive)

JP Morgan on *TCS:* Maintain Overweight on Company, raise target price at Rs 4600/Sh (Positive)

MS on *Prestige:* Maintain Overweight on Company, target price at Rs 1770/Sh (Positive)

UBS on *Federal Bank:* Upgrade to Buy on Bank, raise target price at Rs 250/Sh (Positive)

UBS on *Zomato:* Maintain Buy on Company, raise target price at Rs 260/Sh (Positive)

Investec on *Bharti Hexa:* Initiate Buy on Company, target price at Rs 1240/Sh (Positive)

Investec on *Bharti Airtel:* Maintain Hold on Company, raise target price at Rs 1560/Sh (Positive)

Nomura on Indian Budget: Expect a cut to the FY25 fiscal deficit target (Positive)

Jefferies on Pharma Sector: Key Takeaways from IQVIA US data for May & June-24. *Sun Pharma, Biocon and Zydus* shows strong performance (Positive)

Citi on *TCS:* Maintain Sell on Company, target price at Rs 3645/Sh (Positive)

Nomura on *TCS:* Maintain Neutral on Company, raise target price at Rs 3860/Sh (Neutral)

CLSA on *TCS:* Maintain Buy on Company, raise target price at Rs 4007/Sh (Neutral)

UBS on *ABB:* Downgrade to Neutral on Company, raise target price at Rs 9100/Sh (Neutral)

Axis on *Vedant Fashion:* Downgrade to Add on Company, cut target price at Rs 1150/Sh (Negative)

Stocks Picker Articles

12 Jul 2024 04:42

*Stocks in News*



*Azad Engineering:* Company gets 5-year contract from Germany's Siemens Energy Global. (Positive)

*Brigade Ent:* Company Launches Cobalt at Brigade Ei Dorado, Project Has Revenue Potential Of Over 4b Rupees (Positive)

*Jio Financial:* Company gets RBI nod for conversion of company from NBFC to Core Investment Company (Positive)

*Hindustan Zinc:* Company gets renewable power from Serentica’s 180 MW solar project (Positive)

*Bondada Engineering:* Company wins ₹316 cr order from Reliance Projects & Property Management Services Limited (Positive)

*LT Foods:* Company made initial investment of £7m in new facility in UK, company expecting annual revenue of £50m over next 2 Years (Positive)

*Ratnaveer:* Company is focusing on developing new revenue streams for the pipes division from the defense sector, a move that promises exciting future prospects (Positive)

*Allcargo:* Company CFS volumes for the month of June 2024 was 55.9 ‘000 TEUs, an increase of 20% over June 2023 and 6% over May 2024. (Positive)

*EPL:* Company will acquire 49% shares of CMAPL from clean max, industry to which the entity being acquired belongs to captive power generation through renewable energy (Positive)

*Oriental Rail Infra:* Company’s arm Oriental Foundry gets order worth ₹432 cr for manufacture & supply of 1,200 BVCM-C Wagons from Indian Railways (Positive)

*Infosys:* Company gets contract from Delaware Department of Labor (Positive)

*LTIMINDTREE:* Company and Snowflake strengthen joint commitment to enable enterprises to accelerate AI adoption journey. (Positive)

*Cyient:* Company to set up new subsidiary for dedicated focus on its end-to-end turnkey ASIC semiconductor business (Positive)

*TCS:* AI deal pipeline has inched higher from $900 million last quarter to $1.5 billion, company stay committed to 26-28% aspirational margin level (Positive)

*M&M:* June total vehicle output at 69,045 units vs 64,092 units YoY (Positive)

*Dabur:* Company said it has added two lakh outlets in its sales network in FY24, which is the highest addition by any FMCG company in the country. (Positive)

*Varun Beverages:* PepsiCo clocks double-digit volume growth in Indian beverages market in Jun qtr (Positive)

*Prakash Industries:* Company gets final (stage-ii) approval for Bhaskarpara coal mine from the ministry of environment. (Positive)

*Utkarsh SFB:* Mirae Asset Mutual Fund gets RBI nod to acquire up to 9.95% stake in company (Positive)

*TEGA IND:* Company’s Subsidiary TEGA Industries Chile SpA has procured a land admeasuring 51,025.77 Square Meters in Region Concon, Chile for an amount of 2,332,531,065 CLP (-INR 21.42 Crores) which will be used for future expansion. (Positive)

*Prakash Ind:* Ministry of Environment has granted Final I Stage-II approva for Bhaskarpara Commercial Coal Mine in Chhattisgarh. (Positive)

*Nazara Tech:* Unit Nodwin Singapore acquires additional 43.5% stake in Freaks4UGaming for €23.45 million. (Positive)

*Taneja:* Company has received an order from Hyderabad based Company for modification and Installation of instrumentation on Helicopters. (Positive)

*GTPL HATHWAY:* Company Internet users are expected to reach 900 mn by 2025 (Neutral)

*TCS:* Net Profit at Rs 12040 cr vs Rs12430 cr (QoQ), Revenue at Rs 62610 cr vs Rs 61240 cr (QoQ) (Neutral)

*GNA Axles:* Net Profit at Rs 27.8 cr vs Rs. 33.2 cr (YoY), Revenue at Rs 400 cr vs Rs 374 cr (YoY). (Neutral)

*Vodafone Idea:* Company’s shareholders approve preferential issue of shares. Seeks waiver of Rs 24,700-cr bank guarantee from Department of Telecom (Neutral)

*Rashtriya Chemicals:* Company places purchase order worth Rs 514 crore. (Neutral)

*AGI Infra:* Company has received approval for listing of its equity shares on the main board of the NSE (Neutral)

*IPCA LAB:* Dr. Goutam Muhuri, President – R&D (Formulations) has superannuated from the services of the Company with effect from close of business hours on 11th July, 2024 (Neutral)

Stocks Picker Articles

11 Jul 2024 05:20

Corporate Actions

Promoters Glenmark Pharma and Glenn Mario Saldanha to sell 7.85% stake in Glenmark Life through an offer for sale (OFS) at a minimum price of Rs 810 per share.

Kinex India Private to sell 13,500,000 equity shares of Bartronics India, each valued at Rs 11 through an offer for sale (OFS).

Dividend

11-Jul-24
VTMLTD: Final Dividend - Rs. - 0.75
BHARATSE: Final Dividend - Rs. - 1.60
SKYIND: Final Dividend - Rs. - 1.00
SINCLAIR: Final Dividend - Rs. - 1.00
VIMTALABS: Final Dividend - Rs. - 2.00
ORIENTHOT: Dividend - Rs. - 0.50
CENTURYTEX: Dividend - Rs. - 5.00
ROUTE: Final Dividend - Rs. - 2.00

12-Jul-24
IOC: Final Dividend - Rs. - 7.00
PTL: Final Dividend - Rs. - 1.75
UJJIVANSFB: Final Dividend - Rs. - 1.50
BIMETAL: Final Dividend - Rs. - 12.50
JAYAGROGN: Dividend - Rs. - 7.50
DLINKINDIA: Final Dividend - Rs. - 13.00
INDUSFINL: Final Dividend - Rs. - 0.30
ONWARDTEC: Final Dividend - Rs. - 5.00
POLYCHEM: Final Dividend - Rs. - 30.00
NILKAMAL: Final Dividend - Rs. - 20.00
UTKARSHBNK: Final Dividend - Rs. - 0.50
PETRONET: Final Dividend - Rs. - 3.00
KABRAEXTRU: Final Dividend - Rs. - 3.50
TRANSCOR: Final Dividend - Rs. - 0.30
BSOFT: Final Dividend - Rs. - 4.00
20MICRONS: Final Dividend - Rs. - 1.25
MAHLOG: Final Dividend - Rs. - 2.50
MAHLIFE: Final Dividend - Rs. - 2.65
UNITDSPR: Final Dividend - Rs. - 5.00
IRMENERGY: Final Dividend - Rs. - 1.50
SUNPHARMA: Final Dividend - Rs. - 5.00
KIRLPNU: Final Dividend - Rs. - 4.00
BLUEDART: Final Dividend - Rs. - 25.00
ATUL: Dividend - Rs. - 20.00
THEMISMED: Final Dividend - Rs. - 0.50
JUBLFOOD: Final Dividend - Rs. - 1.20
NEULANDLAB: Final Dividend - Rs. - 14.00
SATINDLTD: Final Dividend - Rs. - 0.15
AUBANK: Final Dividend - Rs. - 1.00
ANANTRAJ: Final Dividend - Rs. - 0.73
WENDT: Final Dividend - Rs. - 20.00
AXISBANK: Final Dividend - Rs. - 1.00
PPLPHARMA: Final Dividend - Rs. - 0.11
SAFARI: Final Dividend - Rs. - 1.50


IPO
---

Buyback
Bajaj Consumer Care: 05-Jul-24; Close: 11-Jul-24
eClerx Services: 09-Jul-24; Close: 15-Jul-24

Bonus
Alliance Integrated Metaliks: Bonus Issue 2:1; Ex-Date: 11-Jul-24
Alphalogic Techsys: Bonus Issue 14:48; Ex-Date: 12-Jul-24
Filtra Consultants: Bonus Issue 1:3; Ex-Date: 12-Jul-24
MM Forgings: Bonus Issue 1:1; Ex-Date: 16-Jul-24
Siddhika Coatings: Bonus Issue 1:1; Ex-Date: 19-Jul-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

Stock Split
Vantage Knowledge: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Jul-24
WPIL: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Jul-24
KPI Green Energy: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 18-Jul-24
Elecon Engineering: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 19-Jul-24
NHC Foods: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Jul-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Lesha Industries: Ex-Date: 12-Jul-24
Sharat Industries: Ex-Date: 12-Jul-24
Gujarat Toolroom: 14-Jun-24; Close: 12-Jul-24
Spright Agro: 24-Jun-24; Close: 12-Jul-24
Srestha Finvest: 04-Jun-24; Close: 18-Jul-24
SEPC: 05-Jul-24; Close: 19-Jul-24
Bhandari Hosiery Exports: 08-Jul-24; Close: 22-Jul-24
SAR Televenture: 15-Jul-24; Close: 22-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24

Spin Off
Raymond: Ex-Date: 11-Jul-24

Stocks Picker Articles

11 Jul 2024 04:51

*Fund Houses Recommendations*


Nomura on *Ambuja Cem:* Upgrade to Buy on Company, raise target price at Rs 780/Sh from Rs 500/Sh (Positive)

Jefferies on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3580/Sh (Positive)

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

Macquarie on *IOC:* Upgrade to Neutral on Company, raise target price at Rs 155/Sh (Positive)

Macquarie on *HPCL:* Upgrade to Outperform on Company, cut target price at Rs 380/Sh (Positive)

Macquarie on *IGL:* Maintain Neutral on Company, raise target price at Rs 480/Sh (Positive)

Macquarie on *ONGC:* Maintain Neutral on Company, raise target price at Rs 250/Sh (Positive)

MOSL on *Hindalco:* Maintain Buy on Company, target price at Rs 800/Sh (Positive)

UBS on *Havells:* Maintain Buy on Company, target price at Rs 2040/Sh (Positive)

Citi on *Jubilant Foods:* Maintain Buy on Company, target price at Rs 663/Sh (Positive)

Morgan Stanley on *India Budget:* Expect the central government's fiscal deficit target to be retained at 5.1% of GDP in FY25, in line with the interim budget. (Positive)

Macquarie on *HPCL:* Upgrade to Outperform on Company, cut target price at Rs 380/Sh (Neutral)

Macquarie on *GAIL:* Downgrade to Underperform on Company, raise target price at Rs 180/Sh (Neutral)

Macquarie on *Petronet:* Downgrade to Underperform on Company, raise target price at Rs 260/Sh (Neutral)

Macquarie on *Petronet:* Downgrade to Underperform on Company, raise target price at Rs 360/Sh (Neutral)

Macquarie on *BPCL:* Maintain Neutral on Company, cut target price at Rs 315/Sh (Neutral)

Macquarie on *GSPL:* Maintain Neutral on Company, cut target price at Rs 335/Sh (Neutral)

Macquarie on *GujGas:* Maintain Underperform on Company, cut target price at Rs 450/Sh (Neutral)

MS on *M&M:* Maintain Overweight on Company, target price at Rs 3049/Sh (Neutral)

Investec on *M&M:* Maintain Buy on Company, target price at Rs 3100/Sh (Neutral)

Axis Cap on *ICICI Bank:* Downgrade to Add on Bank, raise target price at Rs 1370/Sh (Neutral)

Stocks Picker Articles

10 Jul 2024 05:39

Forthcoming Event

10th July: PECOS, STEELCITY to consider Dividend; Bajaj Healthcare, Indowind Energy, Power Grid Corporation of India to consider Fund Raising

11th July: TCS to consider Dividend; Diksat Transworld, Real Eco-Energy to consider Stock Split; Wealth First Portfolio Managers, Nupur Recyclers to consider Fund Raising

12th July: HCLTECH to consider Dividend; Indo Cotspin to consider Bonus issue; VIP Clothing to consider Fund Raising

13th July: BEPL to consider Dividend; Geojit Financial Services, PC Jeweller to consider Fund Raising

15th July: CRISIL, HATSUN to consider Dividend; HDFC Life Insurance Company, Walchandnagar Industries to consider Fund Raising

19th July: Bigbloc Construction to consider Bonus issue; Aether Industries to consider Fund Raising

22nd July: COFORGE to consider Dividend

25th July: EMBASSY to consider Dividend

30th July: CASTROLIND to consider Dividend

Stocks Picker Articles

10 Jul 2024 05:04

Stock in Action

Jana Small Finance Bank Ltd.: Jana Small Finance Bank (JSFB) witnessed a solid FY24 with deposits growing 38.2% YoY to Rs. 22,571 crore. Despite challenging liquidity conditions, the CASA ratio stood at 19.7% in Q4FY24, up from 18.8% in the prior quarter. Advances rose 24.9% YoY to Rs. 24,746 crore in the last fiscal. Net Interest Margin (NIM) improved to 8.0% from 7.8% on YoY basis. PAT more than doubled to Rs. 670 crore. Notably, the bank’s proportion of secured assets rose to 60% from 56% in the prior year, highlighting its efforts of consistent de-risking and diversification. This has also aided an improvement in asset quality. In FY24, GNPA and NNPA declined to 2.0% and 0.5% from 3.6% and 2.4% in the prior year, respectively. Provision coverage ratio increased to 74% from 34% recorded in FY23. JSFB’s ROA rose to 2.4% from 1.1% and ROE increased to 26.9% from 16.7%, both on a YOY basis. CRAR remained healthy at 20.3%, with Tier I at 19.0%. Going forward, the bank expects to maintain deposits growth at approximately 20%, PAT growth between 30% and 40%, ROA around 1.8% - 2.0% and ROE in the 19% - 21% range. Positive on Jana Small Finance Bank given its strong FY24 performance, improvement in asset quality and adequate liquidity. Continued focus on accelerating secured loans book with the purpose of meeting customers’ needs and diversifying the lending book and reshaping the unsecured loans (microfinance loans) business will act as aiding factors.

Kajaria Ceramics: Kajaria Ceramics continues to demonstrate robust profitability and solid execution despite sluggish retail demand. The management is hopeful of demand revival and has chalked out a strategy to scale up the business over the next three years. Tile volumes for FY24 stood at 108.1 million square metres (MSM), up 6% YoY. The tile business, which contributes nearly 90% to its top line, reported a modest revenue uptick in FY24. The growth in the consolidated top line was largely driven by new business verticals owing to the expansion of the product portfolio and entry into new markets. Sanitary ware/faucets and plywoods reported an impressive revenue growth of 15% and 35%, respectively. As per the management, the uptick in the real estate cycle should aid the demand prospects of Kajaria Ceramics with a lag of 1-2 years. The company is targeting a top line of Rs 6,500 crore by FY27, led by increased revenue contribution from new business verticals. Margins on an annualised basis are anticipated to be in the range of 15-17%. For the tile business, the management has guided to an 11-13 percent YoY volume growth, which will be driven by a combination of in-house capacity expansion and contract manufacturing. From a fundamental standpoint, Kajaria has exhibited impressive operating metrics throughout the past decade. Positive on Kajaria Ceramics given its various strategic initiatives and the scale-up of new business verticals should accelerate revenue growth.

Stocks Picker Articles

16 Jul 2024 05:13

Stocks in Action

Tata Consultancy Services: The IT sector behemoth reported Q1FY25 revenue from operations of Rs. 62,613 crore, marking an increase of 5.4% YoY. Operating margin came in at 24.7%, up from 23.2% in the prior year quarter. Net profit grew 8.7% YoY to Rs 12,040 crore, but fell 3.1% sequentially. Net margin improved to 19.2% from 18.6% recorded in Q1FY24. In terms of growth by market, India witnessed a whopping 61.8 % YoY rise, primarily due to the BSNL deal. By vertical, Manufacturing and Energy, Resources and Utilities rose by 9.4% and 5.7%, respectively, on YoY basis. However, BFSI, Technology & Services and Communication & Media lagged. Going forward, the Indian IT sector is likely to pick up the pace in the second half of FY25 due to overall demand recovery. Moreover, Indian IT companies, which derive a significant share of their revenues from the U.S., stand to benefit from a likely rate cut announcement from the Federal Reserve towards the end of the year. Positive on TCS given its solid quarterly performance and an expected recovery in the IT sector in H2FY25.

Coal India: Coal India the largest coal-producing company in the world that caters to ~80% of India’s coal requirement, plans to fully meet domestic demand. With this goal in view, the company announced on July 12, 2024 that it will ease e-auction norms to encourage higher participation. Given the demand trend and India’s plan to reduce coal imports, Coal India has set a production target of 820 MTPA and 900 MT for FY25 and FY26, respectively, from the current 773 MTPA. The company’s total production in Q1FY25 increased by 8% YoY, with supplies to non-power sector, growing by 16% YoY. E-auction volumes account for only ~10% of company’s total volumes. Nonetheless, this segment contributes immensely to the top line, as its realisation is significantly higher than the FSA segment. Easing the e-auction norms will be more favourable for it’s customers than the company itself. However, bringing in more volumes through the e-auction route should help cater to the unserved domestic demand and whip up volumes for Coal India, starting Q2FY25. global benchmark thermal coal prices, which have an influence over pricing, remains sturdy and have increased by ~6% in the past two months. Positive on Coal India as the ease of e-auction norms to encourage higher participation.

Stocks Picker Articles

16 Jul 2024 04:54

*Fund Houses Recommendations*


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

JP Morgan on *Bharti Hexacom:* Initiate Overweight on Company, target price at Rs 1280/Sh (Positive)

GS on *HDFC Life:* Maintain Buy on Company, raise target price at Rs 765/Sh (Positive)

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

HSBC on *HDFC Life:* Maintain Buy on Company, raise target price at Rs 760/Sh (Positive)

Citi on *HDFC Life:* Maintain Buy on Company, raise target price at Rs 735/Sh (Positive)

MS on *HDFC Life:* Maintain Overweight on Company, raise target price at Rs 790/Sh (Positive)

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

Citi on *Vodafone Idea:* Maintain Buy on Company, target price at Rs 23/Sh (Positive)

GS on *Torrent Pharma:* Maintain Buy on Company, raise target price at Rs 3125/Sh (Positive)

GS on *Neuland Labs:* Maintain Buy on Company, raise target price at Rs 10200/Sh (Positive)

JP Morgan on Gas stocks: Data from the PPAC and CEA suggests LNG imports increased meaningfully in April / May due to higher demand from power plants. Prefer *Petronet, MGL and IGL* (Positive)

MS on *Apollo Tyre:* Maintain Equal weight on Company, target price at Rs 472/Sh (Neutral)

MS on *HDFC AMC:* Maintain Equal weight on Company, target price at Rs 3640/Sh (Neutral)

HSBC on *HDFC AMC:* Maintain Hold on Company, target price at Rs 4030/Sh (Neutral)

CLSA on *HDFC Life:* Maintain Outperform on Company, target price at Rs 700/Sh (Neutral)

Macquarie on *HDFC Life:* Maintain Neutral on Company, target price at Rs 560/Sh (Neutral)

Stocks Picker Articles

16 Jul 2024 04:31

*Stocks in News*



*Century Textiles:* Company's arm, Birla Estates, buys 5-acre land parcel in Gurugram, with estimated revenue potential of Rs 1,400 crore. (Positive)

*Hindustan Unilever:* Company approves sale & divestment of company’s water purification business to A.O. Smith India for $72 m (Positive)

*LUPIN:* Company divests its U.S. commercial women's health specialty business to Evofem Biosciences. (Positive)

*Bharat Agri Fert & Realty:* Company introduces Wembely-24, a high-rise tower in Majiwada Thane, featuring 457 BHK residential flats. (Positive)

*Elecon Engineering:* Company Limited has announced a sub-division/split of existing equity shares from 1 to 2 shares with a face value of Re. 1 each, fully paid-up. (Positive)

*NLC India:* Company has emerged as the successful bidder for the Machhakata in the 8th round of commercial coal block e-auction held recently by the Ministry of Coal, Gol. (Positive)

*Hutsun Agro:* Net profit up 62.9% at ₹130.5 cr vs ₹80.1 cr, revenue up 10.4% at ₹2,375 cr vs ₹2,150.6 cr (YoY). (Positive)

*Styrenix Performance:* Net Profit at Rs 61.2 cr vs Rs. 32.5 cr, Revenue at Rs 698.7 cr vs Rs 543.8 cr (YoY) (Positive)

*Kelton Tech:* Net Profit at Rs 20.0 cr vs Rs. 15.4 cr, Revenue at Rs 260 cr vs Rs 250 cr (YoY) (Positive)

*Rajoo Engineers:* Net Profit Rs 5.34 cr vs Rs 2.5 cr, Q1 Revenue Rs 50.9 cr vs Rs 31.2 cr (YoY) (Positive)

*HDFC AMC:* Net Profit at Rs 604.0 cr vs Rs. 541.0 cr, Revenue at Rs 775 cr vs Rs 695 cr (YoY) (Positive)

*JNK India:* Company has received a significant order from JNK global company (Positive)

*CESC:* Purvah Green Power Ltd Signs Framework Agreement for Wind Capacity with Suzlon Energy Ltd (Positive)

*Landmark Cars:* June Quarter Revenue Rs 1,166 Cr vs 935 Cr, Growth Of 24.71% (YoY) (Positive)

*RVNL:* Company receives letter of acceptance from East Coast Railway for a project worth Rs 160 crore. (Positive)

*Emkay Global:* Investor Dolly Khanna Name Apperas With 1.63% Stake in Co during Q1 (Positive)

*Tata Steel:* Company plans to double manufacturing capacity to 40 MTPA. (Positive)

*Zee Entertainment:* Company receives shareholder approval with requisite majority to raise Rs 2,000 crore (Positive)

*Vedanta* QIP: Base fund raise of Rs 5,016 cr with an upsize option of Rs 1,672 cr (Positive)

*SJS Ent:* Goldman Sachs increased stake to 4.41% from 4.22% (Positive)

*Ganesh Green Bharat:* Camellia bought 141600 at Rs. 398.00 of company. (Positive)

*ERIS Life:* Franklin bought 1094201 at Rs. 1,000.04 of company. (Positive)

*JTEKT:* BNP Paribas Investments increased stake to 2.16% from 2.11% (Positive)

*Timken:* HSBC Funds increased stake to 1.23% from 1.11% (Positive)

*Taneja Aerospace/TAAL Enterprises:* The rationalization of GST on MRO will attract investment of around 1000 crores in next 3-4 years. (Positive)

*Data Patterns:* HSBC Funds name appears with 1.35% stake. (Positive)

*Hariom Pipes:* Malabar Fund increased stake to 9.17% from 5.62%. (Positive)

*GMR/ Adani Ent:* Government aims to further double the airports in India from existing 150: Aviation Minister. (Positive)

*Ujaas Energy:* Board approves issuance of 1 bonus share for every 4 share held (Neutral)

*Den Networks:* Net Profit at Rs 46 cr vs Rs. 43 cr, Revenue at Rs 248 cr vs Rs 273 cr (YoY) (Neutral)

*TNPL:* Company appoints Sandeep Saxena as Chairman and MD (Neutral)

*Sheetal Cool Products:* Net Profit at Rs 7.44 cr vs Rs. 8.10 cr, Revenue at Rs 124 cr vs Rs 135 cr (YoY) (Neutral)

*Spice Jet:* Net profit at ₹126.9 cr vs loss of ₹6.2 cr, Revenue down 19% at ₹1,738.4 cr vs ₹2,145 cr (YoY) (Neutral)

*Benares Hotels:* Net Profit at Rs 6.4 cr vs Rs 6.3 cr, Revenue at Rs 23 cr vs Rs 25.5 cr (YoY) (Neutral)

*Udaipur Cement:* Net loss at Rs 10.28 cr vs profit of Rs. 4.2 cr, Revenue at Rs 325 cr vs Rs 246 cr (Neutral)

Stocks Picker Articles

15 Jul 2024 05:27

Forthcoming Event

15th July: CRISIL, HATSUN to consider Dividend; Ujaas Energy to consider Bonus Issue; Harig Crankshafts, HDFC Life Insurance Company, Max Estates, Scanpoint Geomatics, Walchandnagar Industries to consider Fund Raising

16th July: DBCORP to consider Dividend; Balu Forge Industries, Royal India Corporation, Sharanam Infraproject and Trading, Upsurge Investment & Finance, Zee Entertainment Enterprises to consider Fund Raising

17th July: Franklin Industries to consider Bonus issue; Antarctica to consider Fund Raising

18th July: MENONBE to consider Dividend; Tata Communications to consider Fund Raising; Aurobindo Pharma to consider Buyback

19th July: Bigbloc Construction to consider Bonus issue; Aether Industries to consider Fund Raising

20th July: NETWEB to consider Dividend; Sportking India to consider Stock Split

22nd July: COFORGE to consider Dividend

25th July: EMBASSY to consider Dividend

30th July: CASTROLIND to consider Dividend

Stocks Picker Articles

15 Jul 2024 04:43

*Fund Houses Recommendations*


MS on *Ambuja:* Upgrade to Overweight on Company, raise target price at Rs 775/Sh from Rs 665/Sh (Positive)

MS on *Ultratech:* Maintain Overweight on Company, raise target price at Rs 13620/Sh (Positive)

MS on *ACC:* Maintain Equal weight on Company, raise target price at Rs 2930/Sh (Positive)

MS on *Grasim:* Maintain Equal weight on Company, raise target price at Rs 2990/Sh (Positive)

JP Morgan on *DMart:* Maintain Overweight on Company, target price at Rs 5400/Sh (Positive)

CLSA on *DMart:* Maintain Outperform on Company, target price at Rs 5535/Sh (Positive)

BofA on *DMart:* Maintain Buy on Company, target price at Rs 5465/Sh (Positive)

Nomura on *HCL Tech:* Maintain Buy on Company, raise target price at Rs 1720/Sh (Positive)

Kotak on *HCL Tech:* Maintain Add on Company, raise target price at Rs 1650/Sh (Positive)

Jefferies on *HCL Tech:* Maintain Hold on Company, raise target price at Rs 1630/Sh (Positive)

Investec on *VIP Ind:* Initiate Buy on Company, target price at Rs 560/Sh (Positive)

Investec on *Safari Ind:* Initiate Buy on Company, target price at Rs 2800/Sh (Positive)

Nuvama on *Maruti:* Maintain Buy on Company, raise target price at Rs 16000/Sh (Positive)

Nomura on *Fortis:* Maintain Buy on Company, raise target price at Rs 547/Sh (Positive)

CLSA on *Titan:* Maintain Outperform on Company, target price at Rs 3948/Sh (Positive)

Nuvama on *DMart:* Maintain Hold on Company, target price at Rs 5091/Sh (Neutral)

Investec on *HCL Tech:* Maintain Sell on Company, raise target price at Rs 1312/Sh (Neutral)

Citi on *HCL Tech:* Maintain Neutral on Company, raise target price at Rs 1545/Sh (Neutral)

JP Morgan on *HCL Tech:* Maintain Neutral on Company, target price at Rs 1510/Sh (Neutral)

CLSA on *HCL Tech:* Downgrade to Hold on Company, raise target price at Rs 1556/Sh (Neutral)

Citi on *Coal India:* Maintain Neutral on Company, target price at Rs 460/Sh (Neutral)

MS on *Dalmia Bharat:* Downgrade to Underweight on Company, cut target price to Rs 1990/Sh (Negative)

MS on *Shree Cement:* Downgrade to Underweight on Company, cut target price to Rs 27000/Sh (Negative)

Stocks Picker Articles

15 Jul 2024 04:42

*Stocks in News*



*Apollo Micro:* Company is shortlisted keeping in view the capability and was awarded make ii project by the Indian army, this project is for the procurement of a vehicle mounted counter swarm drone system. (Positive)

*EMS:* Company gets LoA for project worth ₹141 cr from Uttarakhand Power Corporation (Positive)

*LUPIN:* U.S. FDA inspection at Dabhasa manufacturing facility in Gujarat closes with no observations. (Positive)

*Piramal Pharma:* U.S. FDA’s pre approval inspection at Ahmedabad manufacturing facility in Gujarat closes with no observations. (Positive)

*Cipla:* Company has been classified as Voluntary Action Indicated by the USFDA for its manufacturing facility in Kurkumbh, Maharashtra, India. (Positive)

*Alembic Pharma:* Company gets tentative U.S. FDA approval for Selexipag injection (Positive)

*Sunteck Realty:* Company’s Q1FY25 pre-sales at Rs 502 crore, up 30% year-on-year. (Positive)

*Plastiblends:* Net profit up 42.1% at ₹10.8 cr vs ₹7.6 cr, Revenue up 8.1% at ₹211.6 cr vs ₹195.7 cr (YoY) (Positive)

*Infosys:* Company foundation USA joins forces with congressional app challenge to champion stem education (Positive)

*RVNL:* Company gets LOA from central railway worth 1.33b rupees (Positive)

*GTPL Hathway:* Received permission from Ministry of Information and Broadcasting for providing Headend-In-The-Sky (HITS) Services (Positive)

*GE T&D India:* Company has received of order from Power Grid with basic price 490 Cr INR (Positive)

*Sterlite Technologies:* Crosses milestone towards its Global Services Business demerger (Positive)

*Central Bank:* Entered in co-lending partnership with Arka Fincap to offer MSME loans (Positive)

*Marico:* In medium term, company aims to deliver double-digit revenue growth. (Positive)

*Godrej CP:* Company announced that It has developed ‘renofluthrin’ - A Patented Mosquito Repellent Molecule and Has Integrated It into Its Household Insecticide Product (Positive)

*Deep Industries:* Company gets a contract worth Rs 82 crore from ONGC to charter hire 100MT and 150MT workover rigs contract for 3 years each (Positive)

*PayTM:* Investor Akash Bhanshali name appear with 1.21% stake in during Q1 (Positive)

*HCL Tech:* Company’s executive said that expect good deal bookings in next few quarters (Positive)

*ISMT:* Investor Mukul Mahavir Agrawal Increase stake by 1.05% during Q1. (Positive)

*ZenTech:* Company introduces AI-powered robots, unveils 4 products for the global defense market (Positive)

*Manaksia:* Company updated regarding recognition by Ministry of Commerce & Industry as three star export house (Positive)

*Apcotex Industries:* Company has resumed normal operations at its Taloja, MIDC plant. (Positive)

*Tanla Platforms:* Company has partnered with a Global Tech Major to use Wisely ATP to combat scams on their messaging platform by identifying fraudulent phone numbers. (Positive)

*Macrotech:* Company acquires three land parcels in Mumbai region and Pune for projects with revenue potential of over Rs 11,000 crore. (Positive)

*Hind Petro:* Moody's Ratings upgrades HMEL's CFR to Ba1; outlook stable. (Positive)

*BEPL:* Net profit up 5.6% at ₹53.4 cr vs ₹50.5 cr, Revenue up 15.4% at ₹340 cr vs ₹294.5 cr (YoY) (Neutral)

*Indusind Bank:* Board Meeting on July 19 to Consider Proposal Relating to Issuance of Long Term Bonds/debt Securities. (Neutral)

*ZOMATO:* Company unit Zomato Slovakia s.r.o., situated in slovak republic has been dissolved w.e.f. July 12, 2024 (Neutral)

*Oriental Hotels:* Net Profit at Rs 3.6 cr vs Rs. 12.20 cr (YoY), Revenue at Rs 81.4 cr vs Rs 91.9 cr (YoY) (Neutral)

*Shoppers Stop:* Company says as of now, no tie-up is done with Aditya Birla group's luxury store (Neutral)

*Taal Enterprises:* Equity intelligence India private limited increased stake by 0.20% in co during Q1 (Neutral)

*Tata Steel:* Fitch revises outlook on Tata steel to negative from stable; affirms at 'BBB-'. (Neutral)

Stocks Picker Articles

12 Jul 2024 05:43

Forthcoming Event

12th July: HCLTECH to consider Dividend; Indo Cotspin to consider Bonus issue; VIP Clothing to consider Fund Raising

13th July: BEPL to consider Dividend; Geojit Financial Services, PC Jeweller to consider Fund Raising

15th July: CRISIL, HATSUN to consider Dividend; HDFC Life Insurance Company, Walchandnagar Industries, Max Estates to consider Fund Raising

19th July: Bigbloc Construction to consider Bonus issue; Aether Industries to consider Fund Raising

22nd July: COFORGE to consider Dividend

25th July: EMBASSY to consider Dividend

30th July: CASTROLIND to consider Dividend

Stocks Picker Articles

12 Jul 2024 05:04

List of 30+ Companies where management have guided to deliver 15-40 % Growth🔥

All stocks must be on radar

🔸Indo count Industries
- REV Guidance: 20-25%
- Double the Revenue in the Next 3-4 Years
- Margin : 16 - 18%
- Volume guidance: 110-115 Mn Mtrs

🔸Welspun Living:
- FY25 REV Growth: 10-12 % (Conservative side)
- Margins : 15.5-16.5 %
- ROCE - 16 %
- Home Textile Business 10-12 % growth
- Emerging Business 30 % growth
- Flooring Business Margins 10-12 %
- Aspirations of 15,000 Cr Revenue by 2026-27

🔸JustDial:
- FY25 REV guidance - 15% growth
- Margin expansion may continue
- EBITDA margins may inch to 27-28%
- Net Cash on B/S 4600 Cr+

🔸Hariom Pipes
- REV FY 26 - 2500 Cr.
- 40% CAGR + with improvement in Margins
- FCF positive
- De Leveraging plans

🔸Carysil
- FY25: REV Guidance: 1000 Cr
- Including Inorganic Expansion
- Margin Guidance: 18-20 %

🔸Medi Assist
- Maintain Industry level growth of 23-25%
- Margins will improve as synergy kicks in

🔸Supriya Lifescience
- 20-25% revenue growth.
- 1000 Cr Topline by FY27.
- Margins of 28-30%.

🔸Shankara
- REV Growth 20-25 % CAGR
- Long Term guidance : 10,000 Cr
- Demerger to create value.
- Return ratio will improve.
- Margins will expand as non-steel mix increases

🔸Nuvama Wealth:
- WM & AM will be 75-80 % of earnings
- RM to double in 3-5 years
- Grow ARR & Asset Income
- In 5 Years grow client & client assets 2-2.5 x
- Operating Leverage will drive profitability

🔸Indigo Paints
- 3-4 X Industry growth rates
- 15-30 % REV growth depending upon Industry growth rates
- Industry leading gross margins to be maintained at 48-49%
- EBITDA margins to grow by 50-100 basis points in FY25

🔸Dhabriya Polywood
- REV Guidance 25 % for next few years
- Orderbook 140 Cr
- ROCE will improve

🔸Lumax Auto:
- 20-25 % REV growth
- 14-15 % Margins

🔸Muthoot Finance:
- 15 %+ growth
- 18-20 % growth in non gold loan AUM
- 150-200 branch addition

🔸EMS:
- 35 % REV Growth
- Margins to be maintained

🔸Jash:
- 30 % REV growth for FY25
- 1000 Cr REV by FY28
- EBITDA Margins 22-25 %

🔸IKIO Lighting:
- REV Growth 20-25 %
- EBITDA Margins 20-22 %

🔸Manappuram Finance:
- 15 %+ AUM growth
- 20 % ROE

🔸Vaibhav Global:
- 14-17 % Revenue Growth
- Margins Expansion in the next few years
- Operating Leverage will drive Profitability

🔸Star Health
~ GWP: 15,251 Cr --> 30,000 Cr (20% CAGR)
~ PAT: 845 Cr --> 2500 Cr (3 x)
~ Market Share Expansion 33 % ~ 35%

🔸Rategain:
- 20 % Organic Growth + Inorganic Expansion
- Double Revenue in 3 Years - 2000 Cr (25 % CAGR)
- E FY27: EBITDA 500 Cr (Margins 25 %)
- Holds over 1000 Cr in B/S

🔸GoodLuck India:
- 15-20 % growth with margin expansion.
- Revenue Guidance:
4000 Cr for FY25
4500 Cr for FY26
- Defence will be additional contributor from FY25

🔸Krsnaa Diagnostics:
- 25-30% Revenue growth.
- 25-26% Margins.

🔸Rushil Decor:
FY24 : REV : 844 Cr
5 Year Guidance - REV 2500 Cr (3 X)
FY25 : Guidance
- REV - 1,000 Cr🔼19 %
- EBITDA Margins - 14-16 %

🔸IDFC First Bank:
FY25
- Deposit growth 30 %
- loan book growth 22-23 %
- Credit Cost 1.6 %
Long Term Guidance
~ Deposits: Growth outlook of 25%
~ Advances: Growth outlook of 20%
~ Asset Quality:
GNPA - 1.5%, NNPA - 0.4%
~ Return Ratio:
ROA - 2%, ROE - 18%

🔸Glenmark Lifescience:
~ Mid - Teens Growth
~ Margins 28-30 %
~ CDMO to double by 2027

🔸SG MART
SG Mart – Tech Enabled B2B marketplace for Construction Materials
~ E REV FY27: 18,000 Cr
FY24:
- REV: 2683 Cr
- PAT: 61 Cr

🔸Cantabil Retail
~ REV : 1000 Cr by Mid FY27 (20 % CAGR)
~ EBITDA Margins : 28-30 %
If SSSG Growth 6-8 % is back

🔸Satin Creditcare:
- AUM & Disbursement growth - 25%
- Credit Cost for FY25 to be in the range of 1.5-1.75%
- NIM's - 12.25-12.75 %
- ROA - 4.25-4.75 %

🔸PI Industries:
~ 15 %+ REV growth
~ Pharma Business Scale up

🔸Yatharth Hospital:
~ Double bed capacity in the next 3-4 years
~ Increase APROB & Occupancy
~ 1 Acquisition per year

🔸KEI Industries:
Long term guidance
~ 15-17 % growth for the next few years

Stocks Picker Articles

12 Jul 2024 05:03

*Trading Tweaks*

Price band changes from 10% to 5%: PC Jeweller,

Price band changes from 20% to 10%: GE Power India, Rail Vikas Nigam.

Price band changes from 20% to 5%: Raymond.

Ex/record Dividend: Route Mobile, Oriental Hotels, Century Textiles & Industries, Vimta Labs.

Ex/record Demerger: Raymond.

Ex/record AGM: Century Textiles & Industries, Vimta Labs.

Moved in short-term Framework: Bombay Burmah Trading Corporation, Dynamic Services & Security, Omaxe, and Optiemus Infracom.

Moved out short-term Framework: Atul Auto, ION Exchange (India), Orient Cement, and Solara Active Pharma Sciences.

Stocks Picker Articles

12 Jul 2024 04:43

*Adani Wilmar:* Company to buy 67% stake in Omkar Chemical Industries at an enterprise value of Rs 56.25 crore. (Neutral)

*Welspun Enterprises:* Dipali Goenka resigns as non-independent director of Company. (Neutral)

*Bombay Dyeing:* Vinod Jain resigns as the Chief Financial Officer (CFO) & Chief Risk Officer (CRO) of the company w.e.f July 11 (Neutral)

*Adtiya Birla Fashion:* Company purchases an additional 17.5% equity stake in Goodview Fashion. (Neutral)

*Samvardhana Motherson:* Company’s unit raises Rs 2,922 crore through senior notes. (Neutral)

*Pitti Engineering:* Company raises Rs 360 crore via QIP. (Neutral)

*Zee Entertainment:* Board to meet to consider and approve raising funds on July 16. (Neutral)

*NCL Industries:* Company’s cement production down 11% (YoY) in June-QTR, company cement dispatches down 11% (YoY) in June-QTR (Negative)

*GTPL:* Net profit down 73.3% at ₹14.2 cr vs ₹36 cr, Revenue up 8.9% at ₹843.3 cr vs ₹774.4 cr (YoY) (Negative)

Stocks Picker Articles

11 Jul 2024 05:20

Forthcoming Event

11th July: TCS to consider Dividend; Diksat Transworld, Real Eco-Energy to consider Stock Split; Wealth First Portfolio Managers, Nupur Recyclers to consider Fund Raising

12th July: HCLTECH to consider Dividend; Indo Cotspin to consider Bonus issue; VIP Clothing to consider Fund Raising

13th July: BEPL to consider Dividend; Geojit Financial Services, PC Jeweller to consider Fund Raising

15th July: CRISIL, HATSUN to consider Dividend; HDFC Life Insurance Company, Walchandnagar Industries, Max Estates to consider Fund Raising

19th July: Bigbloc Construction to consider Bonus issue; Aether Industries to consider Fund Raising

22nd July: COFORGE to consider Dividend

25th July: EMBASSY to consider Dividend

30th July: CASTROLIND to consider Dividend

Stocks Picker Articles

11 Jul 2024 04:52

Stock in Action

Jupiter Wagons Ltd.: The company, a premier manufacturer of railway wagons, components for passenger coaches, alloy steel casting for rolling stack and track, enjoys a solid clientele comprising the Indian Railways, Private wagon aggregators, commercial vehicles OEMs, Indian defence and logistics companies. It regularly exports to North American market as well. In FY24, total income jumped 77% YoY to Rs. 3,66,224 lakh. EBITDA of Rs. 49,103 lakh was up 93% YoY. The company continued to deliver industry-leading margin as EBITDA margin improved to 13.5% in FY24 from 12.3% in FY23. PAT for FY24 stood at Rs. 33,280 lakh, more than doubling on a YoY basis. Jupiter Wagons continues to maintain its position as a leading provider of private wagons in the industry. It has an impressive order book totaling Rs. 7,10,166 lakh as of Mar 31, 2024, aided by order wins from both public and private sector customers, including Ministry of Railways, Ministry of Defence and a leading auto manufacturer. For fiscal 2025, management remains optimistic about the prospects, particularly with eminent launch of the eLCVs and plans are underway to expand the brake system and braking business. Also, a new foundry is scheduled to be established in Jabalpur over the next 18 months with a capacity of 2,000 tonnes, catering to both captive use and exports. This is expected to yield cost savings in freight expenses. Further, the Govt. of India’s noteworthy capital allocation towards expanding and enhancing railway infrastructure amid rising rail traffic will be an aiding factor. Positive on Jupiter Wagons given its established market position, the government’s ambitious expansion plans for the railway sector in the forthcoming period and a healthy order book.

Bharat Dynamics: The government, aiming at indigenous manufacturing and self-sufficiency, has been bolstering the defence sector through policy reforms and an annual increase in capital expenditure. The 'Make-in-India' initiative has led to a remarkable defence production success story, evidenced by record-breaking defence exports that reached Rs 21,083 crore in FY24, marking a 32% growth from the previous fiscal year. Bharat Dynamics, is a leading ammunition and missile manufacturer, has seen its stock price soar by more than 80% in the last two months. The company has reported moderate revenue growth in the fourth quarter. Company's focus on efficient implementation has facilitated the execution of growing orders, leading to elevated cash flows and earnings. Company's success is underscored by its substantial order book, totaling Rs 19,434 crore, as of March 31, 2024, with export orders amounting to Rs 2,420 crore. This backlog, equivalent to approximately 8.2x the FY24 revenue, serves as a robust platform for future expansion. The last two years have been impacted by the ongoing geopolitical tensions in Europe and the Middle East, but performance is likely to improve from FY25 onwards. The company has secured new orders worth Rs 1,793 crore in FY24, further strengthening its market position. Additionally, company maintains a strong pipeline of orders amounting to approximately Rs 20,000 crore, both domestically and internationally, over the next 2-3 years. Positive on Bharat Dynamics given the robust order book, promising revenue visibility, and continuing rise in scale and profitability.

Stocks Picker Articles

11 Jul 2024 04:51

*Stocks in News*



*Zydus Life:* Company receives final approval from USFDA for sacubitril and valsartan tablets. US sales of Approx 5.5B. (Positive)

*Oriental Rail:* Company secured orders worth 193.4m rupees from rail coach factory (Positive)

*Sula Vineyards:* Company Q1 net revenue up 9.7% (YoY), company will begin bottling at unit in Maharashtra. (Positive)

*Satin Credicare:* Company gets €15 million debt funding from Austria's OeEB (Positive)

*Ahasolar Technologies:* Company gets work order for electric vehicles charging infrastructure, company gets work order worth 4.5m rupees (Positive)

*MOS Utility:* Company unit MOS Logconnect Pvt ltd, partners with India post to revolutionize postal services nationwide. (Positive)

*GE Power:* Company to sell its hydro business undertaking to GE Power Electronics. (Positive)

*KCP Sugar:* Net Profit at Rs 54.1 cr vs Rs. 30.6 cr, Revenue at Rs 88.6 cr vs Rs 95.8 cr (YoY) (Positive)

*IRB Infrastructure:* Company’s gross toll collection at Rs 517 crore in June, up 35% year-on-year (Positive)

*Yes Bank:* Moody’s affirms Bank's Ba3 ratings, changes outlook to positive from stable. (Positive)

*Oriana Power:* Company gets new order worth Rs 155 crore for 40 MWp solar plant in Rajasthan (Positive)

*Bajaj Healthcare:* Company approves raising up to Rs 137 crore via preferential issue of shares. (Positive)

*Shalby:* Company gets Mumbai Charity Commissioner's nod for executing 30-year lease for Asha Parekh Hospital in SantaCruz, Mumbai. (Positive)

*Zee Media:* Company appoints Karan Abhishek Singh as CEO of the company w.e.f. July 10, 2024 (Neutral)

*Yes Bank:* Bank’s $5 billion stake draws interest from Middle East and Japan buyers. (Neutral)

*Glenmark Pharma:* Company to sell 7.84% Glenmark Life stake via OFS. (Neutral)

*Bartronics India:* Kinex India to sell 4.43% stake in company via OFS. (Neutral)

*SBI:* Bank raised rs. 10,000 crores at a coupon rate of 7.36% through its sixth infrastructure bond issuance. (Neutral)

*IRCTC:* DMRC, and CRIS collaborate to promote the 'One India – One Ticket' initiative, enhancing the travel experience for Main Line Railway and Metro passengers in the Delhi NCR area (Neutral)

*JTL Industries:* Net Profit at Rs 30.7 cr vs Rs. 25.4 cr (YoY), Revenue at Rs 515 cr vs Rs 500 cr (YoY) (Neutral)

*Asian Paints:* Company confirms price hike across portfolio by 1%, to be effective July 22. (Neutral)

*Dhruv Consultancy:* company wins order worth 5.7cr rupees. (Neutral)

*Tata Elxsi:* Net Profit at Rs 184 cr vs Rs. 189 cr (YoY), Revenue at Rs 926 cr vs Rs 850 cr (YoY). (Neutral)

*Rallis India:* Company files writ petition in Bombay HC against tax demand worth Rs 408 crore by IncomeTax department. (Neutral)

*L&T:* Company's step-down wholly-owned subsidiary incorporates arm L&T CIS in Uzbekistan. (Neutral)

*Power Grid:* Company to increase current borrowing limit from to Rs 15,000 crore in FY25. (Neutral)

*Kesoram Industries:* Net loss at Rs 62 cr vs loss of Rs. 32.4 cr (YoY), Revenue at Rs 879 cr vs Rs 999 cr (YoY). (Negative)

Stocks Picker Articles

10 Jul 2024 05:39

Corporate Actions

Emcure Pharmaceuticals' shares are scheduled to make their debut on the stock exchanges on Wednesday. The issue price has been fixed at Rs 1008 per share.

Bansal Wire Industries shares are poised to debut as a listed entity on the stock exchanges starting Wednesday. The issue price has been fixed at Rs 256 per share.

KDDL has approved buyback of up to 2,37,837 equity shares, representing up to 1.90% of the total equity shares capital, at a price of INR 3,700 per Equity Share for an aggregate amount not exceeding INR 88 Crores on a proportionate basis through the “tender offer” route.

Dividend

10-Jul-24
MPHASIS: Final Dividend - Rs. - 55.00
WHEELS: Dividend - Rs. - 7.39
CROMPTON: Final Dividend - Rs. - 3.00

11-Jul-24
VTMLTD: Final Dividend - Rs. - 0.75
BHARATSE: Final Dividend - Rs. - 1.60
SKYIND: Final Dividend - Rs. - 1.00
SINCLAIR: Final Dividend - Rs. - 1.00
VIMTALABS: Final Dividend - Rs. - 2.00
ORIENTHOT: Dividend - Rs. - 0.50
CENTURYTEX: Dividend - Rs. - 5.00
ROUTE: Final Dividend - Rs. - 2.00

12-Jul-24
IOC: Final Dividend - Rs. - 7.00
PTL: Final Dividend - Rs. - 1.75
UJJIVANSFB: Final Dividend - Rs. - 1.50
BIMETAL: Final Dividend - Rs. - 12.50
JAYAGROGN: Dividend - Rs. - 7.50
DLINKINDIA: Final Dividend - Rs. - 13.00
INDUSFINL: Final Dividend - Rs. - 0.30
ONWARDTEC: Final Dividend - Rs. - 5.00
POLYCHEM: Final Dividend - Rs. - 30.00
NILKAMAL: Final Dividend - Rs. - 20.00
UTKARSHBNK: Final Dividend - Rs. - 0.50
PETRONET: Final Dividend - Rs. - 3.00
KABRAEXTRU: Final Dividend - Rs. - 3.50
TRANSCOR: Final Dividend - Rs. - 0.30
BSOFT: Final Dividend - Rs. - 4.00
20MICRONS: Final Dividend - Rs. - 1.25
MAHLOG: Final Dividend - Rs. - 2.50
MAHLIFE: Final Dividend - Rs. - 2.65
UNITDSPR: Final Dividend - Rs. - 5.00
IRMENERGY: Final Dividend - Rs. - 1.50
SUNPHARMA: Final Dividend - Rs. - 5.00
KIRLPNU: Final Dividend - Rs. - 4.00
BLUEDART: Final Dividend - Rs. - 25.00
ATUL: Dividend - Rs. - 20.00
THEMISMED: Final Dividend - Rs. - 0.50
JUBLFOOD: Final Dividend - Rs. - 1.20
NEULANDLAB: Final Dividend - Rs. - 14.00
SATINDLTD: Final Dividend - Rs. - 0.15
AUBANK: Final Dividend - Rs. - 1.00
ANANTRAJ: Final Dividend - Rs. - 0.73
WENDT: Final Dividend - Rs. - 20.00
AXISBANK: Final Dividend - Rs. - 1.00
PPLPHARMA: Final Dividend - Rs. - 0.11
SAFARI: Final Dividend - Rs. - 1.50


IPO
---

Buyback
Godawari Power and Ispat: 04-Jul-24; Close: 10-Jul-24
Bajaj Consumer Care: 05-Jul-24; Close: 11-Jul-24
eClerx Services: 09-Jul-24; Close: 15-Jul-24

Bonus
Alliance Integrated Metaliks: Bonus Issue 2:1; Ex-Date: 11-Jul-24
Alphalogic Techsys: Bonus Issue 14:48; Ex-Date: 12-Jul-24
Filtra Consultants: Bonus Issue 1:3; Ex-Date: 12-Jul-24
MM Forgings: Bonus Issue 1:1; Ex-Date: 16-Jul-24
Siddhika Coatings: Bonus Issue 1:1; Ex-Date: 19-Jul-24
EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

Stock Split
Bridge Securities: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 10-Jul-24
PG Electroplast: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 10-Jul-24
Vantage Knowledge: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Jul-24
WPIL: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Jul-24
KPI Green Energy: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 18-Jul-24
Elecon Engineering: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 19-Jul-24
NHC Foods: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Jul-24
Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

Right Issue
Suraj Industries: Ex-Date: 10-Jul-24
Lesha Industries: Ex-Date: 12-Jul-24
Sharat Industries: Ex-Date: 12-Jul-24
Gujarat Toolroom: 14-Jun-24; Close: 12-Jul-24
Spright Agro: 24-Jun-24; Close: 12-Jul-24
Srestha Finvest: 04-Jun-24; Close: 18-Jul-24
SEPC: 05-Jul-24; Close: 19-Jul-24
Bhandari Hosiery Exports: 08-Jul-24; Close: 22-Jul-24
SAR Televenture: 15-Jul-24; Close: 22-Jul-24
Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24

Spin Off
Raymond: Ex-Date: 11-Jul-24

Stocks Picker Articles

10 Jul 2024 05:01

*Fund Houses Recommendations*


Citi on *Maruti:* Maintain Buy on Company, raise target price at Rs 15100/Sh (Positive)

MS on *Maruti:* Maintain Overweight on Company, target price at Rs 14105/Sh (Positive)

Jefferies on *Supreme Ind:* Maintain Buy on Company, raise target price at Rs 6700/Sh (Positive)

Incred on *Global Spirits:* Maintain Add on Company, raise target price at Rs 1599/Sh (Positive)

Incred on *LTIM:* Upgrade to Add on Company, raise target price at Rs 5998/Sh (Positive)

GS on *Credit Access:* Maintain Buy on Company, target price at Rs 1784/Sh (Positive)

Nuvama on *Pidilite:* Maintain Buy on Company, target price at Rs 3545/Sh (Positive)

JP Morgan on *Hindalco:* Maintain Overweight on Company, raise target price at Rs 780/Sh (Positive)

JP Morgan on *Vedanta:* Maintain Neutral on Company, raise target price at Rs 395/Sh (Positive)

Jefferies on General Insurance: *ICICI Lombard* grew the fastest at 16% YoY, aided by pick-up in motor & health (Positive)

CLSA on *Godrej Consumer:* Maintain Underperform on Company, target price at Rs 1079/Sh (Neutral)

Macquarie on *Maruti:* Maintain Neutral on Company, target price at Rs 11565/Sh (Neutral)

Emkay on *Maruti:* Maintain Reduce on Company, target price at Rs 11200/Sh (Neutral)

Emkay on *M&M:* Maintain Add on Company, target price at Rs 3000/Sh (Neutral)

Emkay on *Tata Motors:* Maintain Add on Company, target price at Rs 1050/Sh (Neutral)

Morgan Stanley *India strategy:* Earnings growth is likely to decline in Q1FY25 from a high base (Neutral)