Stocks Picker Articles

16 Aug 2024 05:15

Forthcoming Event

Jindal Saw to consider Stock Split;

Suprajit Engineering has considered and approved the Buyback of up to 15,00,000 equity shares representing up to 1.08% of the total Equity Shares at a price of ₹ 750/- per Equity Share for an aggregate amount of up to ₹112.50 crore, on a proportionate basis through tender offer route. The Record Date for the proposed Buyback as Tuesday, August 27, 2024.

17th August: Five-Star Business Finance, Akshar Spintex to consider Fund Raising

18th August: GEEKAYWIRE to consider Dividend

19th August: Hi-Tech Pipes, Indian Terrain Fashions to consider Fund Raising

20th August: Sansera Engineering to consider Fund Raising

21st August: PGHL to consider Dividend

28th August: GILLETTE to consider Dividend

29th August: PGHH to consider Dividend

Stocks Picker Articles

16 Aug 2024 04:54

*Fund Houses Recommendations*


MS on *M&M:* Maintain Overweight on Company, target price at Rs 3304/Sh (Positive)

Nomura on *M&M:* Maintain Buy on Company, target price at Rs 3417/Sh (Positive)

CLSA on *Hero Motocorp:* Maintain Outperform on Company, raise target price at Rs 5700/Sh (Positive)

Nomura on *Hero Motocorp:* Maintain Buy on Company, raise target price at Rs 5663/Sh (Positive)

BofA on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 6000/Sh (Positive)

Equirus on *Hero Motocorp:* Maintain Buy on Company, raise target price at Rs 5990/Sh (Positive)

Nomura on *IPCA Labs:* Maintain Buy on Company, target price at Rs 1502/Sh (Positive)

HSBC on *Apollo Hospitals:* Maintain Buy on Company, target price at Rs 7215/Sh (Positive)

HSBC on *Ola Electric:* Initiate Buy on Company, target price at Rs 140/Sh (Positive)

MS on *Zomato:* Maintain Overweight on Company, target price at Rs 278/Sh (Positive)

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

Macquarie on *Bharti Hexacom:* Initiate Outperform on Company, target price at Rs 1480/Sh (Positive)

Macquarie on *Bharti Airtel:* Upgrade to Outperform on Company, raise target price at Rs 1630/Sh (Positive)

Jefferies on *GMR Infra:* Maintain Overweight on Company, raise target price at Rs 106/Sh (Positive)

MS on *DLF:* Maintain Overweight on Company, target price at Rs 1000/Sh (Positive)

CLSA on *Nazara:* Maintain Underperform on Company, target price at Rs 525/Sh (Neutral)

Macquarie on *Vodafone Idea:* Initiate Underperform on Company, target price at Rs 10/Sh (Neutral)

Macquarie on *Indus Tower:* Maintain Underperform on Company, target price at Rs 310/Sh (Neutral)

Jefferies on *HAL:* Maintain Outperform on Company, target price at Rs 4731/Sh (Neutral)

GS on *Hero Motocorp:* Maintain Sell on Company, target price at Rs 4150/Sh (Neutral)

MS on *Hero Motocorp:* Maintain Underweight on Company, target price at Rs 4110/Sh (Neutral)

Jefferies on *Max Fin:* Maintain Buy on Company, target price at Rs 1270/Sh (Neutral)

Nomura on *Max Fin:* Downgrade to Neutral on Company, cut target price at Rs 1130/Sh (Negative)

HSBC on *Rainbow Hospitals:* Downgrade to Neutral on Company, cut target price at Rs 1290/Sh (Negative)

Jefferies on *Nazara:* Downgrade to Underperform on Company, target price at Rs 720/Sh (Negative)

Stocks Picker Articles

16 Aug 2024 04:40

*Mahindra & Mahindra:* Company unveils five-door Thar at a starting price of Rs 12.99 lakh. (Neutral)

*MTNL:* Company approves service pact with BSNL for 10 years. (Neutral)

*Vodafone:* Company in November announce strategic partnership with Accenture to commercialize Vodafone’s Shared Operations. (Neutral)

*Spicejet:* Company is currently raising Rs 3,000 crore via qualified institutional placement. (Neutral)

*Uttam Sugar Mills:* Net Profit at Rs 6.43 cr vs Rs 31.0 cr, Revenue at Rs. 454 cr vs Rs 460 cr (YoY) (Negative)

*Sai Silk:* Net profit at Rs 2 cr vs Rs 17 cr, Revenue at Rs. 267 cr vs Rs 305 cr (YoY) (Negative)

*Indag:* Net profit at Rs 0.97 cr vs Rs 15.6 cr, Revenue at Rs. 58 cr vs Rs 261 cr (YoY) (Negative)

*GSS Info:* Net profit at Rs 0.1 cr vs Rs 6.9 cr, Revenue at Rs. 19 cr vs Rs 24 cr (YoY) (Negative)

*Signet:* Net profit at Rs 0.5 cr vs Rs 3.2 cr, Revenue at Rs. 253 cr vs Rs 289 cr (YoY) (Negative)

*Rajesh Export:* Net profit at Rs 19.6 cr vs Rs 58.4 cr, Revenue at Rs. 731 cr vs Rs 1466 cr (YoY) (Negative)

*HGS:* Net loss at Rs 85.2 cr vs Rs 5.2 cr, Revenue at Rs. 411 cr vs Rs 349 cr (YoY) (Negative)

*Sadbhav:* Net loss at Rs 35.6 cr vs Rs 10.2 cr, Revenue at Rs. 300 cr vs Rs 700 cr (YoY) (Negative)

*Oriental Carbon:* ICRA downgraded and removed from rating watch with developing implication (Negative)

*Hind Zinc:* Company OFS at floor price of Rs 486/share OFS from Aug 16 to 19 (Negative)

*Gabriel India:* Government rejected application for FDI in JV co by Inalfa (Negative)

Stocks Picker Articles

16 Aug 2024 04:39

*Stocks in News*


*Glenmark Pharma:* Net Profit at Rs 340 cr vs loss of Rs 14 cr, Revenue at Rs. 3240 cr vs Rs 3040 cr (YoY) (Positive)

*RHI Magnesita:* Net Profit at Rs 81.6 cr vs loss of Rs 230 cr, Revenue at Rs. 700 cr vs Rs 677 cr (YoY) (Positive)

*Polyplex:* Net Profit at Rs 97.1 cr vs loss of Rs 10.3 cr, Revenue at Rs. 1685 cr vs Rs 1560 cr (YoY) (Positive)

*Sequent:* Net Profit at Rs 9.1 cr vs loss of Rs 34.6 cr, Revenue at Rs. 390 cr vs Rs 333 cr (YoY) (Positive)

*KSE:* Net Profit at Rs 189.4 cr vs loss of Rs 1.0 cr, Revenue at Rs. 430 cr vs Rs 423 cr (YoY) (Positive)

*Bajaj Healthcare:* Net Profit at Rs 7.1 cr vs loss of Rs 48.2 cr, Revenue at Rs. 132 cr vs Rs 129 cr (YoY) (Positive)

*Genesys:* Net profit at Rs 5.3 cr vs loss Rs 5.5 cr, Revenue at Rs 55.8 cr vs Rs 34.5 cr (YoY) (Positive)

*Madras Fart:* Net Profit at Rs 40.50 cr vs loss of Rs 34.4 cr, Revenue at Rs. 655 cr vs Rs 528 cr (YoY) (Positive)

*Ethos:* Net Profit at Rs 22 cr vs Rs 18 cr, Revenue at Rs. 273 cr vs Rs 230 cr (YoY) (Positive)

*Maithan Alloys:* Net Profit at Rs 456 cr vs Rs 59 cr, Revenue at Rs. 375 cr vs Rs 403 cr (YoY) (Positive)

*Suprajit Engineering:* Net Profit at Rs 38.1 cr vs Rs 33.1 cr, Revenue at Rs. 735 cr vs Rs 680 cr (YoY) (Positive)

*Sakuma Exports:* Net Profit at Rs 5.68 cr vs Rs 4.77 cr, Revenue at Rs. 741.97 cr vs Rs 486.50 cr (YoY). (Positive)

*Softsol India:* Net Profit at Rs 12.00 cr vs Rs 2.41 cr, Revenue at Rs. 31.39 cr vs Rs 19.76 cr (YoY) (Positive)

*Hinduja Global:* Net Profit at Rs 165.56 cr vs Rs 14.87 cr, Revenue at Rs. 1092 cr vs Rs 1133 cr (YoY) (Positive)

*Lux Ind:* Net profit at Rs 33 cr vs Rs 15 cr, Revenue at Rs. 533 cr vs Rs 521 cr (YoY) (Positive)

*KNR Construction:* Net profit at Rs 178 cr vs Rs 128 cr, Revenue at Rs. 985 cr vs Rs 981 cr (YoY) (Positive)

*Sunteck:* Net profit at Rs 22.8 cr vs loss Rs 7.5 cr, Revenue at Rs. 316 cr vs Rs 71 cr (YoY) (Positive)

*Jindal Poly:* Net profit at Rs 168 cr vs Rs 97.6 cr, Revenue at Rs. 1233 cr vs Rs 832 cr (YoY) (Positive)

*ITD Cem:* Net profit at Rs 100.2 cr vs Rs 52.2 cr, Revenue at Rs. 2377 cr vs Rs 1799.9 cr (YoY) (Positive)

*Jai Corp:* Net profit at Rs 13.7 cr vs Rs 5.5 cr, Revenue at Rs. 128 cr vs Rs 122 cr (YoY) (Positive)

*Vishnu Chemicals:* Net profit at Rs 30.5 cr vs Rs 28.6 cr, Revenue at Rs. 337 cr vs Rs 299 cr (YoY) (Positive)

*GTL Ltd:* Net profit at Rs 12.9 cr vs Rs 4.8 cr, Revenue at Rs. 63 cr vs Rs 46 cr (YoY) (Positive)

*W.S. Industries:* Net profit at Rs 6.0 cr vs Rs 5.0 cr, Revenue at Rs. 71.7 cr vs Rs 45.8 cr (YoY) (Positive)

*Industrial Inv:* Net profit at Rs 7.4 cr vs Rs 2.4 cr, Revenue at Rs. 11.7 cr vs Rs 5.3 cr (YoY) (Positive)

*Shankarlal chem:* Net profit at Rs 3.5 cr vs Rs 0.6 cr, Revenue at Rs. 98.7 cr vs Rs 54.6 cr (YoY) (Positive)

*RBZ Jewel:* Net profit at Rs 9.1 cr vs Rs 3.7 cr, Revenue at Rs. 62.4 cr vs Rs 51.2 cr (YoY) (Positive)

*Sakuma:* Net profit at Rs 5.7 cr vs Rs 4.7 cr, Revenue at Rs. 740 cr vs Rs 482 cr (YoY) (Positive)

*Lupin:* Company gets U.S. FDA tentative approval for ANDA for Brimonidine Tartrate: U.S. FDA (Positive)

*Jindal Stainless:* Company commissions nickel pig iron facility in Indonesia (Positive)

*Jio Financial:* Incorporates wholly-owned subsidiary for distribution of financial products & allied services. (Positive)

*OLA Electric *:* Ola Krutrim tied up with Lenovo to build AI chips and will deliver first AI chip 'Bodhi1' by 2026. (Positive)

*Paras Defence:* Company gets Rs 305 crore order from L&T for electro-optics system (Positive)

*Juniper Networks:* Company designs, develops and sells networking products and services. (Positive)

*Power Mech:* Company gets Rs 114 crore order from Coastal Energen (Positive)

*Apollo Hospitals:* Company looking to widen margins as Apollo 24/7 and Apollo Health and Lifestyles expected to pick up momentum. (Positive)

Stocks Picker Articles

14 Aug 2024 05:29

Corporate Actions

Conart Engineers has approved Sub-division (Stock Split) of equity shares of the Company for Rs.10/- each to Rs.5/- each.

HEG has approved Sub-division/ split of each equity share of face value of Rs. 10/- each into 5 equity shares of face value of Rs. 2 /- each, subject to the approval of the members of the Company to be sought through Postal Ballot.

Classic Electricals has approved the Bonus Shares in the proportion of 5 new equity share for every 1 existing equity share held in order to achieve the Minimum Public Shareholding requirements of 25% and to comply with the SEBI Order in this behalf, to issue Bonus Shares to Non-promoter shareholders.

Shikhar Leasing & Trading has approved the Bonus Shares in the proportion of 3 new equity share for every 1 existing equity share held in order to achieve the Minimum Public Shareholding requirements of 25% and to comply with the SEBI Order in this behalf, to issue Bonus Shares to Non-promoter shareholders.

Technocraft Industries (India) has approved the proposal for buy-back of not exceeding 2,88,889 equity shares, representing up to 1.26% of total equity shares, at a price of INR 4,500/- per Equity Share for an aggregate amount not exceeding INR 130 Crores, on a proportionate basis through the “tender offer” route.

Dividend

14-Aug-24
MAHSEAMLES: Dividend - Rs. - 10.00
GPPL: Final Dividend - Rs. - 3.70
KSL: Dividend - Rs. - 10.00
MSUMI: Final Dividend - Rs. - 0.80
EPL: Final Dividend - Rs. - 2.30
MGL: Final Dividend - Rs. - 18.00
SAURASHCEM: Final Dividend - Rs. - 1.00
TTKPRESTIG: Final Dividend - Rs. - 6.00
KCP: Dividend - Rs. - 1.00
MOTHERSON: Final Dividend - Rs. - 0.80
RAILTEL: Final Dividend - Rs. - 1.85
BEL: Final Dividend - Rs. - 0.80
DHUNINV: Final Dividend - Rs. - 2.50
HGINFRA: Final Dividend - Rs. - 1.50
JINDRILL: Final Dividend - Rs. - 0.50
POWERINDIA: Final Dividend - Rs. - 4.00
BIRET: Income Distribution RITES

16-Aug-24
ABIRAFN: Final Dividend - Rs. - 2.50
COCHINM: Final Dividend - Rs. - 8.00
THYROCARE: Final Dividend - Rs. - 18.00
COMPUSOFT: Final Dividend - Rs. - 0.40
ELIXIR: Final Dividend - Rs. - 1.25
TREL: Interim Dividend - Rs. - 0.50
ANUHPHR: Final Dividend - Rs. - 2.50
COMFINCAP: Final Dividend - Rs. - 0.10
GLAND: Final Dividend - Rs. - 20.00
COALINDIA: Final Dividend - Rs. - 5.00
POWERGRID: Final Dividend - Rs. - 2.75
ALKALI: Final Dividend - Rs. - 1.00
BATAINDIA: Interim Dividend - Rs. - 10.00
RAMRAT: Final Dividend - Rs. - 2.50
GPIL: Final Dividend - Rs. - 6.25
ELECTCAST: Final Dividend - Rs. - 0.90
NRAIL: Final Dividend - Rs. - 2.00
PREMCO: Final Dividend - Rs. - 2.00
COMFINTE: Final Dividend - Rs. - 0.07
CAPITALSFB: Final Dividend - Rs. - 1.20
BHARTIHEXA: Dividend - Rs. - 4.00
GODREJCP: Interim Dividend - Rs. - 5.00
THOMASCOOK: Final Dividend - Rs. - 0.60
BELLACASA: Final Dividend - Rs. - 0.97
STEELCAS: Interim Dividend - Rs. - 1.35
CONCOR: Interim Dividend - Rs. - 2.00
LODHA: Final Dividend - Rs. - 2.25
APOLLOHOSP: Final Dividend - Rs. - 10.00
ASTRAL: Final Dividend - Rs. - 2.25
NGLFINE: Final Dividend - Rs. - 1.75
ROSSARI: Final Dividend - Rs. - 0.50
PAGEIND: Interim Dividend - Rs. - 300.00

IPO
Saraswati Saree Depot: 12-Aug-24; Close: 14-Aug-24

Buyback
TTK Prestige: Ex-Date: 14-Aug-24
Dhanuka Agritech : Ex-Date: 16-Aug-24
Savita Oil Technologies: Ex-Date: 16-Aug-24
Cera Sanitaryware: Ex-Date: 16-Aug-24
Chaman Lal Setia Exports: Ex-Date: 19-Aug-24
AIA Engineering: Ex-Date: 20-Aug-24
Symphony: Ex-Date: 21-Aug-24
Mayur Uniquoters: Ex-Date: 23-Aug-24
Welspun Living: 09-Aug-24; Close: 16-Aug-24
Indus Towers: 14-Aug-24; Close: 21-Aug-24

Bonus
Sprayking: Bonus Issue 1:1; Ex-Date: 14-Aug-24
PVV Infra: Bonus Issue 1:1; Ex-Date: 20-Aug-24
Central Depository Services (I): Bonus Issue 1:1; Ex-Date: 23-Aug-24

Stock Split
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Stocks Picker Articles

14 Aug 2024 04:55

Stock in Action

IRCTC: IRCTC, a “Mini Ratna (Category-I)” Central Public Sector Enterprise under the Ministry of Railways, reported 1QFY25 revenue from operations of Rs. 1120.15 crore, marking an increase of 11.8% YoY. EBITDA came in at Rs. 374.92 crore, up 9.3% YoY. The EBITDA margin, however, contracted to 33.5% in the quarter from 34.2% on a YoY basis. PAT of Rs. 307.71 crore rose 32.5% YoY. Revenues from IRCTC's catering business, which is the biggest among the four businesses run by the company, increased to Rs. 558.88 crore, marking a rise of 17.1% YoY. The Internet Ticketing segment’s revenues rose 13.4% YoY to Rs. 329.07 crore. IRCTC has a strong track record of 25 years of operation and has solidified its position as a premier catering and hospitality service provider in India. It is incorporating technology in the catering and hospitality domain through the e-catering services to enhance customer experience onboard. Moreover, it is also seeking to diversify its revenue streams beyond catering and is exploring growth opportunities in packaged drinking water and tourism products. It is taking significant strides in technology and fintech. Additionally, the Ministry of Railways has mandated IRCTC to manage onboard catering services in trains through long-term (5+2 Years) cluster-based contracts. This will enhance of quality in onboard catering services on trains. Positive on IRCTC given its healthy 1QFY25 numbers, focus on enhancing its catering and hospitality business and expansion efforts to capitalize on the expected robust growth in the railways sector.

Info Edge: Info Edge reported a decent set of numbers in Q1FY25, with revenue growing by 5% QoQ, led by the recruitment business and saw broad-based growth in all other segments. Billings fell by 30 percent sequentially, due to seasonality and was up 10.7% YoY, the fastest in the last five quarters. EBITDA margin stood at 39%, 160 basis points lower, sequentially, due to high advertising and promotion spending in the quarter. Naukri's job index reported YoY growth of 11.8 percent after a decline in eight months and the highest since December 2022. Also, the Naukri Jobspeak IT index posted a 16.5% YoY growth, the highest since December 2022, indicating improvement in IT sector hiring. The IT & ITES industry accounts for 30.8 percent of the recruitment business revenue and nearly half of the recruitment consultants serve the IT and ITES industry. Therefore, the total share of revenue from it is around 45-50 percent and plays a major role in the recruitment business growth. 99acres revenue grew by 6.7% sequentially in Q1FY25. However, billing was down 38.3%, which appears to be sharp, even with the seasonality impact. Info Edge's management commentary has been positive on the overall business. It indicated that while the jobspeak index growth is a good sign, it is too early to call it a reversal. Positive on Info Edge given the decent numbers of 1QFY25 performance.

Stocks Picker Articles

14 Aug 2024 04:54

*Rainbow:* Net profit at Rs 39.7 cr vs Rs 41.5 cr, Revenue at Rs. 330 cr vs Rs 287 cr (YoY) (Neutral)

*Sammaan Capital:* Net profit at Rs 327 cr vs Rs 294 cr, NII at Rs. 380 cr vs Rs 464 cr (YoY) (Neutral)

*PTC India:* Net profit at Rs 135 cr vs Rs 112 cr, Revenue at Rs. 468 cr vs Rs 476 cr (YoY) (Neutral)

*Ahluwalia:* Net profit at Rs 30.6 cr vs Rs 49.7 cr, Revenue at Rs. 920 cr vs Rs 764 cr (YoY) (Neutral)

*Hero Motocorp:* Net profit at Rs 1122 cr vs poll Rs 1201 cr, Revenue at Rs. 10143 cr vs poll Rs 10565 cr (YoY) (Neutral)

*Nazara:* Net profit at Rs 22.6 cr vs Rs 19.5 cr, Revenue at Rs. 250 cr vs Rs 254 cr (YoY) (Neutral)

*Landmark Cars:* Net profit at Rs 3.4 cr vs Rs 7.2 cr, Revenue at Rs. 832 cr vs Rs 694 cr (YoY) (Neutral)

*Eclerx:* Net profit at Rs 109 cr vs Rs 124 cr, Revenue at Rs. 782 cr vs Rs 684 cr (YoY) (Neutral)

*NMDC Steel:* Net loss at Rs 547 cr vs Rs 861 cr, Revenue at Rs 2023 cr vs Rs 1846 cr (YoY). (Neutral)

*Zodiac:* Company approved allocation of 4.35lk Equity Shares at an issue price of Rs. 688.50 for QIP (Neutral)

*Sansera* Board Meeting on 20th August to consider Fund Raising. (Neutral)

*LTI Mindtree:* Company gets GST order to pay Rs 62.4 cr. (Neutral)

*Reliance Industries:* Company, Disney offer to sell some TV channels to win antitrust nod for India $8.5 Billion media merger. (Neutral)

*Five Star Business:* Company to consider raising of funds via securities (Neutral)

*Mahindra & Mahindra:* Company's total production down 1.2% at 69,138 units in July. (Neutral)

*IRCTC:* Ticketing for IR and Regional Rapid Transit Systems (RRTS) Trains on IRCTC Platform Under `One India - One Ticket’ Initiative. (Neutral)

*Gulshan poly:* Company approved raising of fund up to Rs 250 cr by way of QIP. (Neutral)

*Mukka Proteins:* Approved acquisition of Ento proteins with Rs 7 cr (Neutral)

*HEG:* Company has recommended the sub-division/split of equity shares of the company in the ratio of 1:5 (Neutral)

*HEG:* Net profit at ₹23 Cr Vs ₹139.1 Cr, Revenue at ₹571.5 Cr Vs ₹671.4 Cr (YoY) (Negative)

*Piramal Enterprises:* Net profit at Rs 181 cr vs Rs 509 cr, NII at Rs. 732 cr vs Rs 662 cr (YoY) (Negative)

*MTAR Tech:* Net profit at Rs 4.4 cr vs Rs 20.3 cr, Revenue at Rs. 128.3 cr vs Rs 152.6 cr (YoY) (Negative)

*HIL:* Net profit at Rs 12.60 cr vs Rs 57.90 cr, Revenue at Rs. 1100 cr vs Rs 1015 cr (YoY) (Negative)

*SH Kelkar:* Net loss at Rs 86.82 cr vs profit of Rs 27.83 cr, Revenue at Rs. 470 cr vs Rs 442 cr (YoY) (Negative)

*Anupam Rasayan:* Net profit at Rs 3.9 cr vs Rs 30.9 cr, Revenue at Rs. 260 cr vs Rs 413 cr (YoY) (Negative)

*Kewal Kiran:* Net profit at Rs 25 cr vs Rs 33.3 cr, Revenue at Rs. 151 cr vs Rs 178 cr (YoY) (Negative)

*Allcargo:* Net profit at Rs 5.3 cr vs Rs 122.5 cr, Revenue at Rs. 3813 cr vs Rs 3217 cr (YoY) (Negative)

Stocks Picker Articles

13 Aug 2024 05:39

Forthcoming Event

13th August: ADDIND, BHATIA, CANTABIL, CAREERP, EVANS, KANCHI, MANAPPURAM, PRITHVIEXCH, UNIDT, UVDRHOR to consider Dividend; Black Box, GMR Airports Infrastructure, Gulshan Polyols, Jyothi Infraventures, Mufin Green Finance, Optiemus Infracom, Sarveshwar Foods, SJVN, TruCap Finance to consider Fund Raising; Conart Engineers, HEG to consider Stock Split; Classic Electricals, Shikhar Leasing & Trading to consider Bonus issue; Technocraft Industries (India) to consider Buyback; Royal Cushion Vinyl Products to consider Scheme of Arrangement

14th August: AHLADA, BNL, COASTCORP, HALDER, NFL, PANCHSHEEL, SRD, TAALENT to consider Dividend; Alan Scott Enterprises, Anuroop Packaging, Avro India, Deep Diamond India, Digjam, Equinox India Developments, Kranti Industries, Rajkamal Synthetics, Rose Merc., Patanjali Foods, Motisons Jewellers, GMR Power and Urban Infra, Patanjali Foods to consider Fund Raising; Jindal Saw to consider Stock Split; Suprajit Engineering to consider Buyback

18th August: GEEKAYWIRE to consider Dividend

21st August: PGHL to consider Dividend

28th August: GILLETTE to consider Dividend

29th August: PGHH to consider Dividend

Stocks Picker Articles

13 Aug 2024 04:56

*Fund Houses Recommendations*

Citi on *Aavas Fin:* Maintain Buy on Company, target price at Rs 2170/Sh (Positive)

HSBC on *Auro Pharma:* Maintain Buy on Company, raise target price at Rs 1650/Sh (Positive)

GS on *Honasa:* Initiate Buy on Company, target price at Rs 570/Sh (Positive)

MOSL on *Signature:* Initiate Buy on Company, target price at Rs 2000/Sh (Positive)

HSBC on *Sobha:* Maintain Buy on Company, raise target price at Rs 2000/Sh (Positive)

Investec on *Auro Pharma:* Maintain Buy on Company, target price at Rs 1400/Sh (Positive)

Jefferies on *ONGC:* Maintain Buy on Company, raise target price at Rs 420/Sh (Positive)

Nomura on *Life Insurance Companies:* In Individual APE, *HDFC Life, Bajaj Allianz Life, Max Life* Reported Strong Growth (Positive)

Nomura on *Life Insurance Private Players:* Continued To Outpace the Overall Industry, With 30% YoY Growth in Jul’24 (Positive)

JPMorgan on *Consumer Staples* Emerging Themes: Rural recovery to aid volume momentum; HPC scores over Foods (Positive)

Morgan Stanley on *CPI Data:* With a favorable base, expect CPI to track at a similar level of 3.5-3.7% in August amid easing food price pressures. (Positive)

UBS on *CPI Data:* Headline CPI inflation eases to 3.5% in July, core inflation at 3.4% (Neutral)

HSBC on *Banks:* Negative commentary from lenders on asset quality in unsecured loans raised fears of ‘crisis’, adding that balance sheets of banks appear stronger and better provided (Neutral)

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

MS on *Aarti Ind:* Maintain Equal weight on Company, target price at Rs 615/Sh (Neutral)

Citi on *ONGC:* Maintain Buy on Company, target price at Rs 350/Sh (Neutral)
      
Nomura on *Voltas:* Maintain Buy on Company, target price at Rs 1511/Sh (Neutral)
      
Jefferies on *Zydus Life:* Maintain Hold on Company, target price at Rs 1210/Sh (Neutral)

Nomura on *AIA Eng:* Maintain Reduce on Company, target price at Rs 3600/Sh (Neutral)

Stocks Picker Articles

13 Aug 2024 04:37

*Jindal Stainless:* Company accredited as a qualified vendor by BrahMos Aerospace (Positive)

*Saregama:* Amansa Holdings acquired 15lk shares (0.8% stake) (Positive)

*Visaka Industries:* Net profit at Rs 9.9 cr vs Rs 11.9 cr, Revenue at Rs. 460 cr vs Rs 448 cr (YoY) (Neutral)

*Olectra:* Net profit at Rs 24.3 cr vs Rs 18.1 cr, Revenue at Rs. 314 cr vs Rs 216 cr (YoY) (Neutral)

*ITI:* Net loss at Rs 91.31 cr vs Rs 102.81 cr, Revenue at Rs. 520 cr vs Rs 157 cr (YoY) (Neutral)

*Power Mech:* Net profit at Rs 61.72 cr vs Rs 50.96 cr, Revenue at Rs. 1007 cr vs Rs 865 cr (YoY) (Positive)

*Campus Activewear:* Net profit at Rs 25.4 cr vs Rs 31.5 cr, Revenue at Rs. 339.2 cr vs Rs 353.8 cr (YoY) (Neutral)

*Ami Organics:* Net profit at Rs 13.72 cr vs Rs 16.9 cr, Revenue at Rs. 171 cr vs Rs 142 cr (YoY) (Neutral)

*GRM Overseas:* Net profit at Rs 16.1 cr vs Rs 15.6 cr, Revenue at Rs. 276 cr vs Rs 297 cr (YoY) (Neutral)

*Dharmaj Crop:* Net profit at Rs 15.07 cr vs Rs 14.5 cr, Revenue at Rs. 255 cr vs Rs 158 cr (YoY) (Neutral)

*Sangam (India):* Net profit at Rs 12.75 cr vs Rs 14.2 cr, Revenue at Rs. 697 cr vs Rs 677 cr (YoY) (Neutral)

*HP Adhesives:* Net profit at Rs 4.5 cr vs Rs 4.5 cr, Revenue at Rs. 605 cr vs Rs 593 cr (YoY) (Neutral)

*Ganesh Benzo:* Net profit at Rs 16.4 cr vs Rs 15.5 cr, Revenue at Rs. 87.5 cr vs Rs 122 cr (YoY) (Neutral)

*Jyoti Resins:* Net profit at Rs 18.8 cr vs Rs 15.7 cr, Revenue at Rs. 69 cr vs Rs 61 cr (YoY) (Neutral)

*RACL Geartech:* Net profit at Rs 4.15 cr vs Rs 8.76 cr, Revenue at Rs. 109 cr vs Rs 88.40 cr (YoY) (Neutral)

*IRFC:* Net profit at Rs 1576 cr vs Rs 1551 cr, Revenue at Rs. 6765 cr vs Rs 6673 cr (YoY) (Neutral)

*RPP Infra:* Net profit at Rs 15.8 cr vs Rs 13.6 cr, Revenue at Rs. 344 cr vs Rs 434 cr (YoY) (Neutral)

*Jubilant Industries:* Net profit at Rs 25.82 cr vs Rs 20.50 cr, Revenue at Rs. 357 cr vs Rs 349 cr (YoY) (Neutral)

*GIPCL:* Net profit at Rs 67.78 cr vs Rs 57.37 cr, Revenue at Rs. 341.12 cr vs Rs 360.21 cr (YoY) (Neutral)

*Vodafone Idea:* Net loss at Rs 6430 cr vs Rs 7800 cr, Revenue at Rs 10500 cr vs Rs 10600 cr (YoY). (Neutral)

*Dollar Ind:* Net profit at Rs 13.5 cr vs Rs 14.1 cr, Revenue at Rs 320 cr vs Rs 320 cr (YoY). (Neutral)

*IZMO:* Net profit at Rs 6 cr vs Rs 5 cr, Revenue at Rs 47.6 cr vs Rs 41.5 cr (YoY). (Neutral)

*Ami Org:* Net profit at Rs 13.7 cr vs Rs 16.9 cr, Revenue at Rs 171 cr vs Rs 142 cr (YoY). (Neutral)

*Eldeco:* Net profit at Rs 8.0 cr vs Rs 7.6 cr, Revenue at Rs 29 cr vs Rs 25 cr (YoY). (Neutral)

*Best Agro* Net profit at Rs 22 cr vs Rs 23.9 cr, Revenue at Rs 360 cr vs Rs 612 cr (YoY). (Neutral)

*Bajaj Finance:* Company got GST demand worth Rs 342 crore from Kochi tax authority for 2017-24. (Neutral)

*Vakrangee:* Dinesh Nandwana appointed as Chairman Emeritus of The Company. (Neutral)

*Zodiac Energy:* Company sets floor price for QIP issue at Rs 724.38 (Neutral)

*Oberoi Realty:* NCLT approves company’s resolution plan for Nirmal lifestyle realty, plan provides for payment of Rs.  2.73 billion To creditors for settlement (Neutral)

*Cochin Shipyard:* Company operationalization of international ship repair facility at Kochi, ISRF project costing Rs 9.7 Billion. (Neutral)

*DOMS Industries:* Company further investment of funds in SKIDO industries, Company acquisition of UNICLAN Healthcare; co to invest Rs 555 Million to acquire 51.77% stake in UNICLAN Healthcare. (Neutral)

*Kotak Mahindra:* Bank units Sonata Finance and BSS Microfinance approve merger with each other. (Neutral)

*Wipro:* Company adopts Google Cloud AI technologies including Gemini for scaling up AI solutions (Neutral)

*Wipro:* Chief Technology Officer Subha Tatavarti resigns. (Negative)

*Spice Jet:* Mumbai airport says on 13th August Spicejet flight operations from CSMIA expected to be temporarily disrupted (Negative)

*Camlin Fine Sciences:* Net loss at Rs 34.7 cr vs Rs 12 cr, Revenue at Rs. 395.6 cr vs Rs 419.6 cr (YoY) (Negative)

Stocks Picker Articles

12 Aug 2024 05:27

Forthcoming Event

12th August: DSSL, GROVY, HAZOOR, KEYFINSERV, MARINE, MEERA, MOREPENLAB, NATCOPHARM, NATIONALUM, SANDUPHQ, SILVERTUC, TOTAL, VAKRANGEE, WEL to consider Dividend; Borosil Renewables, Gensol Engineering, Hilton Metal Forging, JMG Corporation, Mauria Udyog, Praxis Home Retail, Sadbhav Infrastructure Project, SPS International, Tirth Plastic to consider Fund Raising; Khoobsurat to consider Dividend & Bonus issue; Pulsar International to consider Bonus issue; Eco Recycling to consider Consolidation of Shares

13th August: ADDIND, BHATIA, CANTABIL, CAREERP, EVANS, KANCHI, MANAPPURAM, PRITHVIEXCH, UNIDT, UVDRHOR to consider Dividend; Black Box, GMR Airports Infrastructure, Gulshan Polyols, Jyothi Infraventures, Mufin Green Finance, Optiemus Infracom, Sarveshwar Foods, SJVN, TruCap Finance to consider Fund Raising; Conart Engineers, HEG to consider Stock Split; Classic Electricals, Shikhar Leasing & Trading to consider Bonus issue; Technocraft Industries (India) to consider Buyback; Royal Cushion Vinyl Products to consider Scheme of Arrangement

14th August: AHLADA, BNL, COASTCORP, HALDER, NFL, PANCHSHEEL, SRD, TAALENT to consider Dividend; Alan Scott Enterprises, Anuroop Packaging, Avro India, Deep Diamond India, Digjam, Equinox India Developments, Kranti Industries, Rajkamal Synthetics, Rose Merc., Patanjali Foods, Motisons Jewellers, GMR Power and Urban Infra to consider Fund Raising; Jindal Saw to consider Stock Split; Suprajit Engineering to consider Buyback

18th August: GEEKAYWIRE to consider Dividend

21st August: PGHL to consider Dividend

28th August: GILLETTE to consider Dividend

29th August: PGHH to consider Dividend

Stocks Picker Articles

12 Aug 2024 04:52

Stock in Action

Cochin Shipyard Ltd.: Cochin Shipyard, a Miniratna public-sector undertaking primarily engaged in shipbuilding and ship repair, reported strong 1QFY25 numbers. Revenue from operations rose 62.1% YoY to Rs. 771.47crore. EBITDA of Rs. 177.3 crore more than doubled from the year ago quarter. The EBITDA margin was 23%, up from 16.5% reported in the prior year quarter. PAT increased a whopping 76.67% YoY to Rs. 174.23 crore. The company is renowned for its state-of-the-art infrastructure, skilled workforce and commitment to delivering high quality vessels to clients worldwide. Its expertise extends beyond shipbuilding and ship repair, offering services such as offshore vessel construction, refits and conversions, marine engineering, strategic and advanced solutions in the maritime space etc., making it a one stop hub where the world comes for ships. Various initiatives announced by the government of India to support the country’s shipping companies in a move to make the country a global leader in the maritime sector bodes well. Also, Cochin Shipyard’s order pipeline remains robust, which is likely to help sustain revenue growth in the forthcoming period and aid growth. Positive on Cochin Shipyard given a good set of 1QFY25 numbers, robust order book position and the government’s ambitious plans for the industry.

Divis Laboratories ltd: Divis Laboratories posted a mixed set of results for Q1FY25. While the custom synthesis business was strong, it was offset by pricing erosion in the generic API segment. Among the key positive surprises of the quarter was the enhanced value proposition for the GLP 1 (glucagon-like peptide 1) opportunity. Secondly, the growth in contrast media is expected to pick up in the coming quarters. It has guided for a ramp-up in volumes for iodine-based compounds used for CT scans. Further, the Gadolinium-based contrast media products meant for MRI scans are in phase 3 and would be a key aspect to watch. The sales growth of 19% was chiefly contributed by the custom synthesis business, which grew by 46% YoY. The generic business grew by 1.5% only due to pricing erosion, offsetting the double-digit volume growth. The share of exports stood at 86%, of which sales to Europe and the US remained at 70% of sales. Gross margins weakened, compared to last year, but EBITDA margins improved due to moderation in other expenses. While pricing erosion remains a challenge for generic APIs, new opportunities for generic molecules would unfold in FY26. Medium-term growth would be on account of seven molecules that are going off-patent. Positive on Divis Laboratories given the traction in custom synthesis business.

Stocks Picker Articles

12 Aug 2024 04:48

*Dredging Corp:* Net loss at Rs 31.4 cr vs Rs 15.1 cr, Revenue at Rs. 150 cr vs Rs 200 cr (YoY) (Negative)

*Exxaro:* Net loss at Rs 4.1 cr vs Rs 0.16 cr, Revenue at Rs. 60 cr vs Rs 74 cr (YoY) (Negative)

*Cafe Coffee Day :* NCLT admits insolvency plea against parent company of Cafe Coffee Day (Negative)

Stocks Picker Articles

12 Aug 2024 04:46

*Stocks in News*


*Honasa Consumer:* Net profit at Rs 40.2 cr vs Rs 24.7 cr, Revenue at Rs 554 cr vs Rs 464.4 cr (YoY) (Positive)

*Insecticides India:* Net profit at Rs 49 cr vs Rs 29 cr, Revenue at Rs 656.7 cr vs Rs 640 cr (YoY) (Positive)

*Surya Roshni:* Net profit at Rs 92.5 cr vs Rs 59 cr, Revenue at Rs. 1893 cr vs Rs 1875 cr (YoY) (Positive)

*Apollo Micro:* Net profit at Rs 8.4 cr vs Rs 1.6 cr, Revenue at Rs. 91 cr vs Rs 58 cr (YoY) (Positive)

*Inox Wind:* Net profit at Rs 50.4 cr vs loss of Rs 64.9 cr, Revenue at Rs. 638 cr vs Rs 348 cr (YoY) (Positive)

*Max Estate:* Net profit at Rs 1.6 cr vs loss of Rs 37.8 cr, Revenue at Rs. 40 cr vs Rs 18 cr (YoY) (Positive)

*Sky Gold:* Net profit at Rs 21.2 cr vs Rs 10.6 cr, Revenue at Rs. 723 cr vs Rs 375 cr (YoY) (Positive)

*Khazanchi Jewellers:* Net profit at Rs 9.2 cr vs Rs 2.7 cr, Revenue at Rs. 381 cr vs Rs 186 cr (YoY) (Positive)

*Suyog Telematics:* Net profit at Rs 17 cr vs Rs 12 cr, Revenue at Rs. 46 cr vs Rs 39 cr (YoY) (Positive)

*PNC Infra:* Net profit at Rs 570 cr vs Rs 180 cr, Revenue at Rs. 217 cr vs Rs 209 cr (YoY) (Positive)

*SMS LifeSciences:* Net profit at Rs 6.4 cr vs Rs 0.70 cr, Revenue at Rs. 87 cr vs Rs 74 cr (YoY) (Positive)

*Supriya Life:* Net profit at Rs 44.6 cr vs Rs 28.5 cr, Revenue at Rs. 160.6 cr vs Rs 132.0 cr (YoY) (Positive)

*Auro Pharma:* Net profit at Rs 918 cr vs Rs 569 cr, Revenue at Rs 7,567 cr vs Rs 6,850 cr (YoY) (Positive)

*Aspinwall:* Net profit at Rs 3.7 cr vs Rs 1.5 cr, Revenue at Rs. 83 cr vs Rs 72 cr (YoY) (Positive)

*Shree Pushkar Chemicals:* Net profit at Rs 12.8 cr vs Rs 7.8 cr, Revenue at Rs. 194 cr vs Rs 175.5 cr (YoY) (Positive)

*Frontier Springs:* Net profit at Rs 7 cr vs Rs 1.8 cr, Revenue at Rs. 50 cr vs Rs 25 cr (YoY) (Positive)

*Kirloskar Ferrous:* Net profit at Rs 69.8 cr vs Rs 17.7 cr, Revenue at Rs. 1553 cr vs Rs 1535 cr (YoY) (Positive)

*Innova Captab:* Net profit at Rs 29 cr vs Rs 17 cr, Revenue at Rs. 294 cr vs Rs 233 cr (YoY) (Positive)

*Atul Auto:* Net profit at Rs 4.5 cr vs loss Rs 8 cr, Revenue at Rs. 130 cr vs Rs 50.4 cr (YoY) (Positive)

*AYM Syntex:* Net profit at Rs 2.3 cr vs loss Rs 11.3 cr, Revenue at Rs. 350 cr vs Rs 320 cr (YoY) (Positive)

*Aarti Industries:* Net profit at Rs 137 cr vs Rs 70 cr, Revenue at Rs. 1855 cr vs Rs 1414 cr (YoY) (Positive)

*Nila Infra:* Net profit at Rs 5.0 cr vs Rs 0.2 cr, Revenue at Rs. 41 cr vs Rs 24 cr (YoY) (Positive)

*Excel Industries:* Net profit at Rs 31.5 cr vs Rs 5.6 cr, Revenue at Rs. 264 cr vs Rs 214 cr (YoY) (Positive)

*Balkrishna Ind:* Net profit at Rs 490 cr vs Rs 332 cr, Revenue at Rs. 2714 cr vs Rs 2159 cr (YoY) (Positive)

*Wockhardt:* Net loss at Rs 16 cr vs loss of Rs 136 cr, Revenue at Rs. 739 cr vs Rs 644 cr (YoY) (Positive)

*Indo Rama:* Net loss at Rs 19 cr vs loss of Rs 55 cr, Revenue at Rs. 944 cr vs Rs 770 cr (YoY) (Positive)

*GE Power:* Net loss at Rs 9.5 cr vs loss of Rs 135.7 cr, Revenue at Rs. 430 cr vs Rs 424 cr (YoY) (Positive)

*SCI:* Net profit at Rs 291 cr vs Rs 172 cr, Revenue at Rs 1514 cr vs Rs 1200 cr (YoY) (Positive)

*Liberty Shoe:* Net profit at Rs 4.7 cr vs Rs 3.3 cr, Revenue at Rs 156 cr vs Rs 143 cr (YoY) (Positive)

*Kovai Medical:* Net profit at Rs 45.8 cr vs Rs 31.0 cr, Revenue at Rs 314 cr vs Rs 274 cr (YoY) (Positive)

*Fineotex:* Net profit at Rs 29 cr vs Rs 26 cr, Revenue at Rs 142 cr vs Rs 131 cr (YoY) (Positive)

*Elpro:* Net profit at Rs 47.5 cr vs Rs 19.5 cr, Revenue at Rs 140 cr vs Rs 51.5 cr (YoY) (Positive)

*GIC RE:* Net profit at Rs 1122 cr vs Rs 950 cr, Net Premium Income at Rs 11591 cr vs Rs 8334 cr (YoY) (Positive)

*Emami Paper:* Net profit at Rs 12.8 cr vs Rs 1.3 cr, Revenue at Rs 504 cr vs Rs 540 cr (YoY) (Positive)

*Pix Transmissions:* Net profit at Rs 27.5 cr vs Rs 15.8 cr, Revenue at Rs 129 cr vs Rs 112 cr (YoY) (Positive)

*EMS:* Net profit at Rs 37 cr vs Rs 22.8 cr, Revenue at Rs 206 cr vs Rs 138 cr (YoY) (Positive)

Stocks Picker Articles

09 Aug 2024 04:52

*Stocks in News*


*JB Chemicals:* Net profit at Rs 176.8 cr vs Rs 142.3 cr, Revenue at Rs 1004 cr vs Rs 896 cr (YoY) (Positive)

*JG Chemicals:* Net profit at Rs 15.9 cr vs Rs 3.8 cr, Revenue at Rs 203 cr vs Rs 174 cr (YoY) (Positive)

*Cochin Shipyard:* Net profit at Rs 174 cr vs Rs 98 cr, Revenue at Rs 771 cr vs Rs 475 cr (YoY) (Positive)

*Alicon Castalloy:* Net profit at Rs 19.04 cr vs Rs 9.50 cr, Revenue at Rs 440 cr vs Rs 354 cr (YoY) (Positive)

*Dreamfolks Services:* Net profit at Rs 18.45 cr vs Rs 13.10 cr, Revenue at Rs 321 cr vs Rs 270 cr (YoY) (Positive)

*ABB India:* Net profit at Rs 443.5 cr vs Rs 296 cr, Revenue at Rs 28831 cr vs Rs 2509 cr (YoY) (Positive)

*Bharat Rasayan:* Net profit at Rs 43.1 cr vs Rs 7 cr, Revenue at Rs 282 cr vs Rs 239 cr (YoY) (Positive)

*TCC Concept:* Net profit at Rs 5.4 cr vs Rs 2.6 cr, Revenue at Rs 12 cr vs Rs 4 cr (YoY) (Positive)

*IRIS Business Services:* Net profit at Rs 2.9 cr vs Rs 0.93 cr, Revenue at Rs 28 cr vs Rs 21 cr (YoY) (Positive)

*Geecee Ventures:* Net profit at Rs 9.5 cr vs Rs 5 cr, Revenue at Rs 28 cr vs Rs 10 cr (YoY) (Positive)

*Indian Hume Pipe:* Net profit at Rs 31 cr vs Rs 8.5 cr, Revenue at Rs 364 cr vs Rs 346 cr (YoY) (Positive)

*Azad Engineering:* Net profit at Rs 17 cr vs Rs 7 cr, Revenue at Rs 98 cr vs Rs 76 cr (YoY) (Positive)

*Lumax Industries:* Net profit at Rs 34 cr vs Rs 23 cr, Revenue at Rs 765 cr vs Rs 618 cr (YoY) (Positive)

*Tega Industries:* Net profit at Rs 36 cr vs Rs 21 cr, Revenue at Rs 340 cr vs Rs 268 cr (YoY) (Positive)

*Artemis Medicare:* Net profit at Rs 16.5 cr vs Rs 9.7 cr, Revenue at Rs 223 cr vs Rs 209 cr (YoY) (Positive)

*Cosmo First:* Net profit at Rs 31 cr vs Rs 14 cr, Revenue at Rs 690 cr vs Rs 657 cr (YoY) (Positive)

*Paramount:* Net profit at Rs 25.3 cr vs Rs 14.5 cr, Revenue at Rs 320 cr vs Rs 210 cr (YoY) (Positive)

*Eicher Motors:* Net profit at Rs 1101.5 cr vs Rs 918 cr, Revenue at Rs 4393 cr vs Rs 3086 cr (YoY) (Positive)

*Sandhar Technologies:* Net profit at Rs 29.1 cr vs Rs 21.5 cr, Revenue at Rs 912.6 cr vs Rs 828.9 cr (YoY) (Positive)

*HBL Power:* Net profit at Rs 80.10 cr vs Rs 51.70 cr, Revenue at Rs 520 cr vs Rs 467 cr (YoY) (Positive)

*Balmer Lawrie:* Net profit at Rs 41.2 cr vs Rs 36.9 cr, Revenue at Rs 640 cr vs Rs 594 cr (YoY) (Positive)

*Indo Amines:* Net profit at Rs 19 cr vs Rs 9 cr, Revenue at Rs 265 cr vs Rs 253 cr (YoY) (Positive)

*Garware:* Net profit at Rs 46.8 cr vs Rs 43 cr, Revenue at Rs 336 cr vs Rs 326 cr (YoY) (Positive)

*Healthcare Global:* Net profit at Rs 12.08 cr vs Rs 7.61 cr, Revenue at Rs 525 cr vs Rs 460 cr (YoY) (Positive)

*Gujarat State Petronet:* Net profit at Rs 526.5 cr vs Rs 434 cr, Revenue at Rs 4727 cr vs Rs 4108 cr (YoY) (Positive)

*GAIL:* Company and Rajasthan rajya vidyut utpadan nigam ltd joined hands to optimize the operations of Rrvunl’s gas-based power plants in Rajasthan (Positive)

*GR Infra:* Rehabilitation and upgradation of existing 2‐lane to 4‐lane standards to End of Kamakhyanagar Bypass has been completed (Positive)

*Wipro:* Company in pact with Cyble for AI-driven cybersecurity risk management solutions. (Positive)

*Tanla Platforms:* Company has successfully on boarded Axis Bank Limited onto its Wisely ATP platform. (Positive)

*SJVN:* SJVN Green Energy commissions 90 MW Omkareshwar Floating Solar Project (Positive)

*Greaves Cotton:* Company gets EV subsidy approval from Govt. (Positive)

*Jash Engineering:* Approved stock split of 1 equity share of face value of Rs. 10/- each into 5 equity shares of face value of Rs. 2/- each. (Positive)

*Mindteck:* Company announces issuance of Bonus shares (Positive)

*Praksh Ind:* The Ministry of Forest & Climate Change, Chhattisgarh has granted its Final approval for Bhaskarpara Commercial Coal Mine. (Positive)

*Technocraft:* Board Meeting to be held on 13-Aug-2024 to consider Buyback. (Positive)

*Mayur Uniquoters:* Approved buyback of 5 lac equity shares of worth Rs 40 cr at price of 800/equity shares (Positive)

Stocks Picker Articles

16 Aug 2024 05:15

Corporate Actions

Dividend

16-Aug-24
ABIRAFN: Final Dividend - Rs. - 2.50
COCHINM: Final Dividend - Rs. - 8.00
THYROCARE: Final Dividend - Rs. - 18.00
COMPUSOFT: Final Dividend - Rs. - 0.40
ELIXIR: Final Dividend - Rs. - 1.25
TREL: Interim Dividend - Rs. - 0.50
ANUHPHR: Final Dividend - Rs. - 2.50
COMFINCAP: Final Dividend - Rs. - 0.10
GLAND: Final Dividend - Rs. - 20.00
COALINDIA: Final Dividend - Rs. - 5.00
POWERGRID: Final Dividend - Rs. - 2.75
ALKALI: Final Dividend - Rs. - 1.00
BATAINDIA: Interim Dividend - Rs. - 10.00
RAMRAT: Final Dividend - Rs. - 2.50
GPIL: Final Dividend - Rs. - 6.25
ELECTCAST: Final Dividend - Rs. - 0.90
NRAIL: Final Dividend - Rs. - 2.00
PREMCO: Final Dividend - Rs. - 2.00
COMFINTE: Final Dividend - Rs. - 0.07
CAPITALSFB: Final Dividend - Rs. - 1.20
BHARTIHEXA: Dividend - Rs. - 4.00
GODREJCP: Interim Dividend - Rs. - 5.00
THOMASCOOK: Final Dividend - Rs. - 0.60
BELLACASA: Final Dividend - Rs. - 0.97
STEELCAS: Interim Dividend - Rs. - 1.35
CONCOR: Interim Dividend - Rs. - 2.00
LODHA: Final Dividend - Rs. - 2.25
APOLLOHOSP: Final Dividend - Rs. - 10.00
ASTRAL: Final Dividend - Rs. - 2.25
NGLFINE: Final Dividend - Rs. - 1.75
ROSSARI: Final Dividend - Rs. - 0.50
PAGEIND: Interim Dividend - Rs. - 300.00

19-Aug-24
RELIANCE: Final Dividend - Rs. - 10.00
MANINFRA: Interim Dividend - Rs. - 0.45
ACE: Final Dividend - Rs. - 2.00
DRAGARWQ: Final Dividend - Rs. - 2.50

IPO
Orient Technologies: 21-Aug-24; Close: 23-Aug-24

Buyback
Dhanuka Agritech : Ex-Date: 16-Aug-24
Savita Oil Technologies: Ex-Date: 16-Aug-24
Cera Sanitaryware: Ex-Date: 16-Aug-24
Chaman Lal Setia Exports: Ex-Date: 19-Aug-24
AIA Engineering: Ex-Date: 20-Aug-24
Symphony: Ex-Date: 21-Aug-24
Mayur Uniquoters: Ex-Date: 23-Aug-24
Welspun Living: 09-Aug-24; Close: 16-Aug-24
Indus Towers: 14-Aug-24; Close: 21-Aug-24

Bonus
PVV Infra: Bonus Issue 1:1; Ex-Date: 20-Aug-24
Central Depository Services (I): Bonus Issue 1:1; Ex-Date: 23-Aug-24

Stock Split
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Right Issue
Vishvprabha Ventures: Ex-Date: 06-Sep-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24
Vinny Overseas: 27-Aug-24; Close: 10-Sep-24
Orient Green Power Company: 27-Aug-24; Close: 13-Sep-24

Stocks Picker Articles

16 Aug 2024 04:42

Stock in Action

SJVN Ltd.: SJVN, a Mini Ratna, Category-I and Schedule – ‘A’ Central Public Sector Enterprise under administrative control of Ministry of Power, reported stellar 1QFY25 numbers. Revenue from operations jumped 80.2% QoQ and 29% YoY to Rs. 870.37 crore. EBITDA of Rs. 667.49 crore more than doubled on a QoQ basis and increased 32.8% YoY. The EBITDA margin expanded 220 basis points YoY to 76.7% in the quarter. PAT, too, more than doubled on QoQ basis and rose 31.4% YoY to Rs. 357.09 crore. Recently, the company, through its wholly owned subsidiary, SJVN Green Energy Limited, successfully commissioned 90 MW Omkareshwar Floating Solar Project. With this, the total installed capacity of the SJVN stands increased to 2,466.50 MW. Housed in Omkareshwar Floating Solar Park in District Khandwa, Madhya Pradesh, the project is one of the largest floating solar projects in Central & North India and is expected to increase SJVN’s revenue by Rs. 64 crore. Going forward, SJVN stands to benefit from the Government of India’s PM-Surya Ghar Muft Bijli Yojana, which aims to provide free electricity up to 300 units every month to 1 crore households in India. SJVN aims to be a 25000 MW company by 2030 and 50000 MW company by 2040. Presently, the total project portfolio is 56,802.40 MW and the company is executing projects in Hydro, Pumped Storage, Thermal and Renewable Energy sectors. Positive on SJVN Ltd. given its good set of 1QFY25 numbers and growth opportunities in the hydroelectric power segment.

Va Tech Wabag: Va Tech Wabag is aligning its business with a long-term focus on profitable growth. Last year it reduced exposure to Europe, concentrated on industrial orders, and increased the share of EP projects. While benefits from some of these initiatives are visible, there is more to come, leading to higher growth and better profitability. During 1QFY25, company reported revenue growth of 13% YoY led by higher execution and strong orders in hand. New projects, mainly in Chennai and Bangladesh, have started contributing to revenues, resulting in higher growth. Moreover, margins were quite good, in line with the company’s guidance on the back of cost optimisation, reduced exposure to the European business, and a focus on profitable projects. During the quarter, the EBITDA margins expanded by 111 basis points to 12.98%. Va Tech is optimistic about growth because of the focus on execution, strong orders in hand, and the focus on industrial projects thus expecting 15-20% revenue growth in FY25. Company has order book of Rs 10,700 crore, which is over 3.8x its annual revenue, providing strong revenue visibility. In the international markets, it has participated in projects worth close to $1 billion and expects some of them to fructify in the current fiscal. Positive on Va Tech Wabag given the long-term opportunities, a strong order book, and expected earnings growth.

Stocks Picker Articles

16 Aug 2024 04:40

*Patel Engineering:* Company in process of securing hydroelectric power projects of around 38,000 megawatts through competitive bidding. (Positive)

*JTL Industries:* Company announces the appointment of Amit Gaur as Chief Strategy Officer to strengthen strategic capabilities. (Positive)

*Panacea:* Company and ICMR started the Phase III clinical trial of our tetravalent dengue candidate vaccine, DengiALL (Positive)

*GIC Housing:* ICRA upgraded and withdraw rating for NCDs and Bank facilities (Positive)

*Swan Energy:* Company to sell FSRU to Turkey's Botas for $399 mn (Positive)

*PC Jeweller:* IDBI Bank approves one-time settlement proposal of company (Positive)

*Dee Development:* Company has bagged a Purchase Order from the DOW Chemical Canada ULC, Canada (Positive)

*Koicl:* Net loss at Rs 50.72 cr vs loss of Rs 58.0 cr, Revenue at Rs. 158 cr vs Rs 515 cr (YoY) (Neutral)

*Taal Enterprises:* Net Profit at Rs 10.76 cr vs Rs 8.50 cr, Revenue at Rs. 48.0 cr vs Rs 48.3 cr (YoY) (Neutral)

*KP Energy:* Net Profit at Rs 18.2 cr vs Rs 15.2 cr, Revenue at Rs. 127.0 cr vs Rs 113.0 cr (YoY) (Neutral)

*Reliance Power:* Net loss at Rs 97.85 cr vs loss of Rs 296 cr, Revenue at Rs. 1992 cr vs Rs 1914 cr (YoY) (Neutral)

*Goodyear India:* Net Profit at Rs 25.03 cr vs Rs 39.30 cr, Revenue at Rs. 690 cr vs Rs 720 cr (YoY) (Neutral)

*TGV Sracc:* Net Profit at Rs 13.71 cr vs Rs 19.75 cr, Revenue at Rs. 379 cr vs Rs 415 cr (YoY) (Neutral)

*Spicejet Limited:* Net Profit at Rs 158.18 cr vs Rs 197.62 cr, Revenue at Rs. 2077.7 cr vs Rs 2266.8 cr (YoY) (Neutral)

*IRM:* Net Profit at Rs 18.7 cr vs Rs 26.9 cr, Revenue at Rs 244 cr vs Rs 245 cr (YoY). (Neutral)

*Sree Rayalaseema:* Net Profit at Rs 20.5 cr vs Rs 24.3 cr, Revenue at Rs 170 cr vs Rs 261 cr (YoY). (Neutral)

*KDDL:* Net Profit at Rs 27.9 cr vs Rs 32.9 cr, Revenue at Rs 360 cr vs Rs 331 cr (YoY). (Neutral)

*Marathon Next:* Net Profit at Rs 36.9 cr vs Rs 42.3 cr, Revenue at Rs 160 cr vs Rs 210 cr (YoY). (Neutral)

*MTNL:* Net loss at Rs 773.5 cr vs loss of Rs 851.9 cr, Revenue at Rs. 183.9 cr vs Rs 199.5 cr (YoY) (Neutral)

*3i Info:* Net loss at Rs 9.1 cr vs loss of Rs 16.9 cr, Revenue at Rs. 180 cr vs Rs 194 cr (YoY) (Neutral)

*Coffee Day:* Net loss at Rs 11.5 cr vs loss of Rs 20.6 cr, Revenue at Rs. 260 cr vs Rs 250 cr (YoY) (Neutral)

*NFL:* Net loss at Rs 8.7 cr vs loss of Rs 121 cr, Revenue at Rs. 509 cr vs Rs 504 cr (YoY) (Neutral)

*KIOCL:* Net loss at Rs 48.6 cr vs loss of Rs 61.2 cr, Revenue at Rs. 147 cr vs Rs 501 cr (YoY) (Neutral)

*A2Z Infra:* Net loss at Rs 0.6 cr vs loss of Rs 1.6 cr, Revenue at Rs. 82.6 cr vs Rs 94.1 cr (YoY) (Neutral)

*JP Associate:* Net loss at Rs 1023 cr vs loss of Rs 181 cr, Revenue at Rs. 1670 cr vs Rs 1429 cr, Exceptional loss Rs 930 cr (YoY) (Neutral)

*Ola Electric:* Net loss at Rs 347 cr vs loss of Rs 267 cr, Revenue at Rs. 1644 cr vs Rs 1243 cr (YoY) (Neutral)

*Mcleod Russel:* Net loss at Rs 20.6 cr vs loss of Rs 72.7 cr, Revenue at Rs. 197 cr vs Rs 226 cr (YoY) (Neutral)

*SBI/PNB:* Karnataka govt suspends all transactions with SBI and PNB amid allegations of fund misuse (Neutral)

*Tata Steel:* Company buys shares worth ₹1,528.24 crore of Singapore arm T Steel Holdings. (Neutral)

*Indian Overseas Bank:* Bank hikes lending rates on most tenures by 5-10 bps w.e.f. August 15. (Neutral)

*Coal India:* Company is going through Supreme Court order on royalty. (Neutral)

*Max India:* Company approves proposal for Rs 250 cr fundraise (Neutral)

*SBI:* Bank hikes marginal cost of funds-based lending rate by 10 basis points (Neutral)

*REC:* Company incorporates new subsidiary for Rajasthan Power Transmission Project (Neutral)

*HDFC Life:* Company gets tax demand worth Rs 112 crore including interest & penalty from Chandigarh Tax Authority. (Neutral)

Stocks Picker Articles

14 Aug 2024 05:29

Right Issue
Vinny Overseas: Ex-Date: 14-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24
Vinny Overseas: 27-Aug-24; Close: 10-Sep-24
Orient Green Power Company: 27-Aug-24; Close: 13-Sep-24

Stocks Picker Articles

14 Aug 2024 05:29

Forthcoming Event

14th August: AHLADA, BNL, COASTCORP, HALDER, NFL, PANCHSHEEL, SRD, TAALENT to consider Dividend; Alan Scott Enterprises, Anuroop Packaging, Avro India, Deep Diamond India, Digjam, Equinox India Developments, Kranti Industries, Rajkamal Synthetics, Rose Merc., Patanjali Foods, Motisons Jewellers, GMR Power and Urban Infra, Patanjali Foods to consider Fund Raising; Jindal Saw to consider Stock Split; Suprajit Engineering to consider Buyback

17th August: Five-Star Business Finance, Akshar Spintex to consider Fund Raising

18th August: GEEKAYWIRE to consider Dividend

19th August: Hi-Tech Pipes, Indian Terrain Fashions to consider Fund Raising

20th August: Sansera Engineering to consider Fund Raising

21st August: PGHL to consider Dividend

28th August: GILLETTE to consider Dividend

29th August: PGHH to consider Dividend

Stocks Picker Articles

14 Aug 2024 04:55

*Fund Houses Recommendations*


JP Morgan on *Hindalco:* Maintain Overweight on Company, target price at Rs 725/Sh (Positive)

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

CLSA on *Hindalco:* Maintain Buy on Company, target price at Rs 760/Sh (Positive)

JP Morgan on *Apollo Hospitals:* Maintain Overweight on Company, target price at Rs 6800/Sh (Positive)

UBS on *Apollo Hospitals:* Maintain Buy on Company, raise target price at Rs 7500/Sh (Positive)

Citi on *Apollo Hospitals:* Maintain Buy on Company, raise target price at Rs 7670/Sh (Positive)

Investec on *Max Estates:* Initiate Buy on Company, target price at Rs 700/Sh (Positive)

Investec on *Nykaa:* Maintain Buy on Company, raise target price at Rs 205/Sh (Positive)

MOSL on *Gravita:* Initiate Buy on Company, target price at Rs 2350/Sh (Positive)

JP Morgan on *Rainbow:* Maintain Overweight on Company, target price at Rs 1530/Sh (Positive)

JP Morgan on *Samvardhana Motherson:* Maintain Overweight on Company, raise target price at Rs 195/Sh (Positive)

MS on *Samvardhana Motherson:* Maintain Overweight on Company, raise target price at Rs 198/Sh (Positive)

Bernstein on *Muthoot Fin:* Maintain Outperform on Company, raise target price at Rs 2000/Sh (Positive)

Jefferies on *Muthoot Fin:* Maintain Buy on Company, raise target price at Rs 2200/Sh (Positive)

Jefferies on *Manappuram:* Maintain Buy on Company, target price at Rs 270/Sh (Positive)

MS on *Manappuram:* Maintain Overweight on Company, target price at Rs 245/Sh (Positive)

Citi on *Vodafone Idea:* Maintain Buy on Company, target price at Rs 22/Sh (Positive)

JP Morgan on *Nykaa:* Maintain Underweight on Company, target price at Rs 138/Sh (Neutral)

Jefferies on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 4650/Sh (Neutral)

GS on *Hero Motocorp:* Maintain Sell on Company, target price at Rs 4250/Sh (Neutral)

JP Morgan on *Hero Motocorp:* Maintain Overweight on Company, target price at Rs 5240/Sh (Neutral)

Jefferies on *Max Fin:* Maintain Buy on Company, target price at Rs 1220/Sh (Neutral)

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

Jefferies on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 1220/Sh (Neutral)

Macquarie on *Apollo Hospitals:* Maintain Underperform on Company, target price at Rs 5040/Sh (Neutral)

Nomura on *HDFC Bank:* Maintain Neutral on Bank, target price at Rs 1720/Sh (Neutral)

CLSA on *PEL:* Downgrade to Underperform on Company, cut target price at Rs 860/Sh (Negative)

Stocks Picker Articles

14 Aug 2024 04:54

*Stocks in News*


*Pokarna:* Net profit at Rs 33.10 cr vs Rs 17.90 cr, Revenue at Rs. 190 cr vs Rs 160 cr (YoY) (Positive)

*Fiem Industries:* Net profit at Rs 49 cr vs Rs 35 cr, Revenue at Rs. 573 cr vs Rs 470 cr (YoY) (Positive)

*Astra Microwave:* Net profit at Rs 7.2 cr vs loss of Rs 6.73 cr, Revenue at Rs. 155 cr vs Rs 134 cr (YoY) (Positive)

*EPL:* Net profit at Rs 64.2 cr vs Rs 54.3 cr, Revenue at Rs. 1007 cr vs Rs 910 cr (YoY) (Positive)

*Nykaa:* Net profit at Rs 13.6 cr vs Rs 5.4 cr, Revenue at Rs. 1746 cr vs Rs 1421 cr (YoY) (Positive)

*Muthoot Finance:* Net profit at Rs 1164 cr vs Rs 1022 cr, NII at Rs. 2754 cr vs Rs 2142 cr (YoY) (Positive)

*Awfis Space Solutions:* Net profit at Rs 2.79 cr vs loss of Rs 8.31 cr, Revenue at Rs. 257 cr vs Rs 187 cr (YoY) (Positive)

*Hindustan Foods:* Net profit at Rs 27.3 cr vs Rs 23.4 cr, Revenue at Rs. 868 cr vs Rs 619 cr (YoY) (Positive)

*NBCC India:* Net profit at Rs 105 cr vs Rs 75 cr, Revenue at Rs. 2119 cr vs Rs 1922 cr (YoY) (Positive)

*Federal Mogul Goetze:* Net profit at Rs 35.49 cr vs Rs 29.90 cr, Revenue at Rs. 445 cr vs Rs 410 cr (YoY) (Positive)

*SJVN:* Net profit at Rs 327 cr vs Rs 270 cr, Revenue at Rs. 958 cr vs Rs 744 cr (YoY) (Positive)

*Everest Kanto:* Net profit at Rs 28.05 cr vs Rs 21.80 cr, Revenue at Rs. 343 cr vs Rs 270 cr (YoY) (Positive)

*Gulshan Polyols:* Net profit at Rs 9.69 cr vs Rs 4.37 cr, Revenue at Rs. 455 cr vs Rs 293 cr (YoY) (Positive)

*Ashoka:* Net profit at Rs 157.9 cr vs Rs 61.6 cr, Revenue at Rs 2465 cr vs Rs 1935 cr (YoY) (Positive)

*Macpower:* Net profit at Rs 4.5 cr vs Rs 2.0 cr, Revenue at Rs. 50.2 cr vs Rs 40.6 cr (YoY) (Positive)

*IFB Agro:* Net profit at Rs 8.4 cr vs Rs 1.9 cr, Revenue at Rs. 380 cr vs Rs 335 cr (YoY) (Positive)

*Allied Blenders:* Net profit at Rs 11.19 cr vs loss of Rs 2.68 cr, Revenue at Rs. 758 cr vs Rs 814 cr (YoY) (Positive)

*Apollo Hospitals:* Net profit at Rs 305 cr vs poll Rs 274 cr, Revenue at Rs. 5085 cr vs poll Rs 5077 cr (YoY) (Positive)

*GNFC:* Net profit at Rs 118 cr vs Rs 88 cr, Revenue at Rs. 2021 cr vs Rs 1652 cr (YoY) (Positive)

*Marksans:* Net profit at Rs 89 cr vs Rs 70 cr, Revenue at Rs. 591 cr vs Rs 500 cr (YoY) (Positive)

*Yatharth:* Net profit at Rs 30.3 cr vs Rs 19 cr, Revenue at Rs. 212 cr vs Rs 155 cr (YoY) (Positive)

*Max Fin:* Net profit at Rs 156 cr vs Rs 101 cr, Revenue at Rs. 11799 cr vs Rs 9168 cr (YoY) (Positive)

*Medi Assist:* Net profit at Rs 19 cr vs Rs 18 cr, Revenue at Rs. 168 cr vs Rs 141 cr (YoY) (Positive)

*Nykaa:* Company to buy 39 % more stake in Dot & Key Wellness for Rs 265 cr (Positive)

*Coal India:* Company to allow supplies beyond annual contracted quantity to thermal power plants (Positive)

*SJVN:* Company approved monetisation of partial future revenue of Nathpa Jhakri Hydro Power Station, company approved dilution of stake in SJVN green energy (Positive)

*Bondada Engineering:* Company has recommended the sub-division/split of equity shares of the company in the ratio of 1:5. (Positive)

*L&T:* Semiconductor Technologies CEO: Co will sign 3 Indian Auto companies as client in next two weeks.. (Positive)

*Zaggle:* Signs an agreement with ONDC for facilitating issuance of PPIs for rewards. (Positive)

*Jubilant Ingrevia:* To meet Rare Enterprises on August 21 (Positive)

*Bombay Dyeing:* Company received the consideration of Rs 537.78 Crores in total thereby completing the transaction of sale of land at Worli. (Positive)

*Technocraft:* Company approved the proposal for buy-back of not exceeding 288889 shares at price of Rs 4500 (Positive)

*Shalby:* Company announces Strategic Clinical Trial Agreement with Monogram Technologies (Positive)

*Karnataka Bank:* Company unveils credit line on UPI in partnership with Navi (Positive)

*Sunteck Realty:* Company’s subsidiary has settled disputes with its joint venture partner Grand Valley General Trading LLC. (Positive)

Stocks Picker Articles

13 Aug 2024 05:38

Corporate Actions

Brainbees Solutions (FirstCry) is set to make its debut on August 13. The issue price is fixed at Rs 465 per share.

Unicommerce eSolutions is set to make its debut on August 13. The issue price is fixed at Rs 108 per share.

Dividend

13-Aug-24
NAVNETEDUL: Final Dividend - Rs. - 2.60
DVL: Final Dividend - Rs. - 5.00
NEAGI: Dividend - Rs. - 50.00
BANDHANBNK: Dividend - Rs. - 1.50
EIHAHOTELS: Final Dividend - Rs. - 6.00
GESHIP: Interim Dividend - Rs. - 9.00
HERITGFOOD: Final Dividend - Rs. - 2.50
PATINTLOG: Final Dividend - Rs. - 0.10
IKIO: Final Dividend - Rs. - 1.00
SJS: Final Dividend - Rs. - 2.00
FINEORG: Final Dividend - Rs. - 10.00
LLOYDSME: Final Dividend - Rs. - 1.00
SIGMA: Final Dividend - Rs. - 0.50

14-Aug-24
MAHSEAMLES: Dividend - Rs. - 10.00
GPPL: Final Dividend - Rs. - 3.70
KSL: Dividend - Rs. - 10.00
MSUMI: Final Dividend - Rs. - 0.80
EPL: Final Dividend - Rs. - 2.30
MGL: Final Dividend - Rs. - 18.00
SAURASHCEM: Final Dividend - Rs. - 1.00
TTKPRESTIG: Final Dividend - Rs. - 6.00
KCP: Dividend - Rs. - 1.00
MOTHERSON: Final Dividend - Rs. - 0.80
RAILTEL: Final Dividend - Rs. - 1.85
BEL: Final Dividend - Rs. - 0.80
DHUNINV: Final Dividend - Rs. - 2.50
HGINFRA: Final Dividend - Rs. - 1.50
JINDRILL: Final Dividend - Rs. - 0.50
POWERINDIA: Final Dividend - Rs. - 4.00
BIRET: Income Distribution RITES


IPO
Saraswati Saree Depot: 12-Aug-24; Close: 14-Aug-24

Buyback
Navneet Education: Ex-Date: 13-Aug-24
TTK Prestige: Ex-Date: 14-Aug-24
Dhanuka Agritech : Ex-Date: 16-Aug-24
Savita Oil Technologies: Ex-Date: 16-Aug-24
Cera Sanitaryware: Ex-Date: 16-Aug-24
Chaman Lal Setia Exports: Ex-Date: 19-Aug-24
AIA Engineering: Ex-Date: 20-Aug-24
Symphony: Ex-Date: 21-Aug-24
Mayur Uniquoters: Ex-Date: 23-Aug-24
Welspun Living: 09-Aug-24; Close: 16-Aug-24

Bonus
EIH Associated Hotels: Bonus Issue 1:1; Ex-Date: 13-Aug-24
Milkfood: Bonus Issue 1:1; Ex-Date: 13-Aug-24
Sprayking: Bonus Issue 1:1; Ex-Date: 14-Aug-24
PVV Infra: Bonus Issue 1:1; Ex-Date: 20-Aug-24
Central Depository Services (I): Bonus Issue 1:1; Ex-Date: 23-Aug-24

Stock Split
Milkfood: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 13-Aug-24
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Right Issue
Orient Green Power Company: Ex-Date: 13-Aug-24
Vinny Overseas: Ex-Date: 14-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24
Vinny Overseas: 27-Aug-24; Close: 10-Sep-24
Orient Green Power Company: 27-Aug-24; Close: 13-Sep-24

Stocks Picker Articles

13 Aug 2024 04:49

Stock in Action

Voltas Ltd.: Voltas, India's largest air conditioning company, reported solid 1QFY25 numbers with revenue from operations rising 17.1% QoQ and 46.5% YoY to Rs. 4921.02 crore. The Unitary Cooling Products (UCP) segment witnessed a 51.2% increase in revenues which attributed to this strong performance. EBITDA more than doubled on a YoY basis to Rs. 423.80 crore. The EBITDA margin expanded 310 basis points to 8.6%. PAT of Rs. 335 crore, too, more than doubled on both QoQ and YoY basis. Additionally, the company’s Electro-Mechanical Projects and Services (EMPS) segment witnessed a turnaround in the quarter with revenues increasing 39.8% YoY and margin turning positive to 7.1%. Voltas is a trusted brand well known for the quality of its products and offers a comprehensive range of cooling & home appliances in its portfolio. It is also one of the most reputed engineering solution providers for Enterprises and Government. It provides MEP Solutions (Mechanical, Electrical and Plumbing), HVAC (Heat, Ventilation, and Air Conditioning) solutions and has successfully implemented several landmark projects in India and abroad. Positive on Voltas Ltd. given its good set of 1QFY25 numbers and well known brand value in Indian households.

Tata Power: Tata Power is entering an expansionary phase with heavy investments in emerging sectors such as solar and EV charging that have significant potential for growth. This year, Tata Power plans to allocate nearly Rs 20,000 crore for capital expenditure. The company's ambitious renewable and clean energy initiatives are now expected to yield results over the next two years as they reach the commissioning stage. In FY25, it will commission close to 3000 MW of new capacities and another 4000 MW by the end of fiscal 2026. Its solar module factory of 4300 MW is already up and running and has started contributing to revenues. In transmission, over five projects are under construction and are expected to start contributing to revenues soon. About 50% of its present operational transmission capacity (4626 circuit kilometre or ckm) is under construction. That apart, it is aggressively building capacities in the EV charging space, and pumped hydro power (4000 MW). It is also eying opportunities in rooftop solar for 1 crore homes over the next 3-4 years. Tata Power has over 13% market share in rooftop solar and is confident of achieving a higher scale. In the solar EPC segment, it got close to Rs 970 crore orders, taking its total order book to over Rs 13000 crore, thereby providing strong visibility. Positive on Tata Power given the strong traction in power sector and its commitment towards renewable energy space.

Stocks Picker Articles

13 Aug 2024 04:35

*Stocks in News*


*Nahar Spinning:* Net profit at Rs 6.5 cr vs loss of Rs 17.5 cr, Revenue at Rs. 821 cr vs Rs 749 cr (YoY) (Positive)

*Nahar Poly:* Net profit at Rs 4.0 cr vs loss of Rs 5.8 cr, Revenue at Rs. 170 cr vs Rs 156 cr (YoY) (Positive)

*Hindustan Copper:* Net profit at Rs 113.4 cr vs Rs 47 cr, Revenue at Rs. 493 cr vs Rs 371 cr (YoY) (Positive)

*DOMS Industries:* Net profit at Rs 51.80 cr vs Rs 34.60 cr, Revenue at Rs. 450.57 cr vs Rs 380.63 cr (YoY) (Positive)

*Tilaknagar Industries:* Net profit at Rs 40.34 cr vs Rs 22.02 cr, Revenue at Rs. 666.62 cr vs Rs 641.08 cr (YoY) (Positive)

*HUDCO:* Net profit at Rs 557.75 cr vs Rs 445.65cr, NII at Rs. 724.7 cr vs Rs 651.6 cr (YoY) (Positive)

*Ingersoll:* Net profit at Rs 320 cr vs Rs 305 cr, Revenue at Rs. 62 cr vs Rs 54 cr (YoY) (Positive)

*SPML:* Net profit at Rs 13 cr vs Rs 0.7 cr, Revenue at Rs. 210 cr vs Rs 350 cr (YoY) (Positive)

*Orchid Pharma:* Net profit at Rs 29.4 cr vs Rs 9.4 cr, Revenue at Rs. 244 cr vs Rs 183 cr (YoY) (Positive)

*NMDC:* Net profit at Rs 1971 cr vs poll Rs 1709 cr, Revenue at Rs. 5414 cr vs Rs 5394 cr (YoY) (Positive)

*Responsive Ind:* Net profit at Rs 48.4 cr vs Rs 30.0 cr, Revenue at Rs. 320 cr vs Rs 263 cr (YoY) (Positive)

*Uflex:* Net profit at Rs 105 cr vs Rs 8.6 cr (Before Exceptional items), Revenue at Rs. 3650 cr vs Rs 3260.0 cr (YoY) (Positive)

*Senco Gold:* Net profit at Rs 51.2 cr vs Rs 27.6 cr, Revenue at Rs 1403 cr vs Rs 1305 cr (YoY) (Positive)

*Dynacons:* Net profit at Rs 18 cr vs Rs 14 cr, Revenue at Rs. 321 cr vs Rs 295 cr (YoY) (Positive)

*Rattan India:* Net profit at Rs 85 cr vs Rs 18 cr, Revenue at Rs. 249 cr vs Rs 147 cr (YoY) (Positive)

*Grauer and Weil:* Net profit at Rs 50.7 cr vs Rs 36.9 cr, Revenue at Rs. 264 cr vs Rs 200 cr (YoY) (Positive)

*Latcose:* Net profit at Rs 3.2 cr vs Rs 1.3 cr, Revenue at Rs. 29.6 cr vs Rs 27.7 cr (YoY) (Positive)

*Dhunseri:* Net profit at Rs 69.8 cr vs Rs 40.2 cr, Revenue at Rs. 161 cr vs Rs 40 cr (YoY) (Positive)

*Jet Freight:* Net profit at Rs 1.1 cr vs loss Rs 3.1 cr, Revenue at Rs. 147 cr vs Rs 117 cr (YoY) (Positive)

*Oil Country:* Net loss at Rs 8.8 cr vs loss Rs 21.3 cr, Revenue at Rs. 25 cr vs Rs 0.2 cr (YoY) (Positive)

*GR Infraprojects:* Company gets LoI from REC Power Development for transmission project in Karnatak (Positive)

*CRISIL:* Company unit to form private entity for serving as industry association for SEBI-registered ESG ratings service providers (Positive)

*JSW Steel:* Company to acquire up to 66.7% economic interest in M Res NSW via class B shares. (Positive)

*Dhruv Consultancy:* Company shortlisted for submission of request for proposal (RFP) for consultancy services from public works department, Maharashtra and funded by Asian development bank. (Positive)

*Star Housing:* Indian overseas bank sanctioned term loan facility of Rs 100 Million to Company. (Positive)

*Pearl Global:* Company updates on plant operations in Bangladesh, company operating 100% of facilities at full capacity in Bangladesh (Positive)

*Marico:* Manufacturing operations in Bangladesh have resumed at normal scale & large majority our retail sales force & distributors have been functioning since last week. (Positive)

*MM Forging:* Procurement of 16500 Ton Hot Forging Mechanical Press (Positive)

*Hind Oil:* Approved an increase in borrowing limits of the co not exceeding Rs 750 Cr for inorganic growth opportunities (Positive)

*Singer India:* Board approves raising production capacity at J&K Plant from 90000 machines annually to 6.3 lakhs machines (Positive)

*GE Shipping:* Delivers its 2004 built Medium Range Product Tanker “Jag Pranam” (Positive)

*Cochin Shipyard:* Commenced commercial operations at its International Ship Repair Facility (ISRF) in Kerala (Positive)

Stocks Picker Articles

12 Aug 2024 05:27

Corporate Actions

Dividend

12-Aug-24
STYRENIX: Final Dividend - Rs. - 28.00
ICICIBANK: Final Dividend - Rs. - 10.00
NHPC: Final Dividend - Rs. - 0.50
IPL: Final Dividend - Rs. - 0.75
CAMS: Interim Dividend - Rs. - 11.00
UPL: Final Dividend - Rs. - 1.00
ROSSELLIND: Final Dividend - Rs. - 0.30

13-Aug-24
NAVNETEDUL: Final Dividend - Rs. - 2.60
DVL: Final Dividend - Rs. - 5.00
NEAGI: Dividend - Rs. - 50.00
BANDHANBNK: Dividend - Rs. - 1.50
EIHAHOTELS: Final Dividend - Rs. - 6.00
GESHIP: Interim Dividend - Rs. - 9.00
HERITGFOOD: Final Dividend - Rs. - 2.50
PATINTLOG: Final Dividend - Rs. - 0.10
IKIO: Final Dividend - Rs. - 1.00
SJS: Final Dividend - Rs. - 2.00
FINEORG: Final Dividend - Rs. - 10.00
LLOYDSME: Final Dividend - Rs. - 1.00
SIGMA: Final Dividend - Rs. - 0.50

14-Aug-24
MAHSEAMLES: Dividend - Rs. - 10.00
GPPL: Final Dividend - Rs. - 3.70
KSL: Dividend - Rs. - 10.00
MSUMI: Final Dividend - Rs. - 0.80
EPL: Final Dividend - Rs. - 2.30
MGL: Final Dividend - Rs. - 18.00
SAURASHCEM: Final Dividend - Rs. - 1.00
TTKPRESTIG: Final Dividend - Rs. - 6.00
KCP: Dividend - Rs. - 1.00
MOTHERSON: Final Dividend - Rs. - 0.80
RAILTEL: Final Dividend - Rs. - 1.85
BEL: Final Dividend - Rs. - 0.80
DHUNINV: Final Dividend - Rs. - 2.50
HGINFRA: Final Dividend - Rs. - 1.50
JINDRILL: Final Dividend - Rs. - 0.50
POWERINDIA: Final Dividend - Rs. - 4.00
BIRET: Income Distribution RITES


IPO
Saraswati Saree Depot: 12-Aug-24; Close: 14-Aug-24

Buyback
Navneet Education: Ex-Date: 13-Aug-24
TTK Prestige: Ex-Date: 14-Aug-24
Dhanuka Agritech : Ex-Date: 16-Aug-24
Savita Oil Technologies: Ex-Date: 16-Aug-24
Cera Sanitaryware: Ex-Date: 16-Aug-24
Chaman Lal Setia Exports: Ex-Date: 19-Aug-24
AIA Engineering: Ex-Date: 20-Aug-24
Symphony: Ex-Date: 21-Aug-24
Mayur Uniquoters: Ex-Date: 23-Aug-24
Welspun Living: 09-Aug-24; Close: 16-Aug-24

Bonus
GRP: Bonus Issue 3:1; Ex-Date: 12-Aug-24
EIH Associated Hotels: Bonus Issue 1:1; Ex-Date: 13-Aug-24
Milkfood: Bonus Issue 1:1; Ex-Date: 13-Aug-24
Sprayking: Bonus Issue 1:1; Ex-Date: 14-Aug-24
PVV Infra: Bonus Issue 1:1; Ex-Date: 20-Aug-24
Central Depository Services (I): Bonus Issue 1:1; Ex-Date: 23-Aug-24

Stock Split
Milkfood: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 13-Aug-24
Jamshri Realty: Stock Split From Rs. 1000/- to Rs. 10/-; Ex-Date: 16-Aug-24

Right Issue
Orient Green Power Company: Ex-Date: 13-Aug-24
Vinny Overseas: Ex-Date: 14-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-24
Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24
Tata Consumer Products: 05-Aug-24; Close: 19-Aug-24
Nirman Agri Genetics: 05-Aug-24; Close: 23-Aug-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24
Vinny Overseas: 27-Aug-24; Close: 10-Sep-24
Orient Green Power Company: 27-Aug-24; Close: 13-Sep-24

Stocks Picker Articles

12 Aug 2024 04:49

*Fund Houses Recommendations*


Nomura on *Info Edge:* Maintain Buy on Company, target price at Rs 8280/Sh (Positive)

Jefferies on *JB Chemicals:* Maintain Buy on Company, raise target price at Rs 2230/Sh (Positive)

Citi on *Grasim:* Maintain Buy on Company, raise target price at Rs 3250/Sh (Positive)

Citi on *Jubilant Food:* Maintain Buy on Company, raise target price at Rs 715/Sh (Positive)

Jefferies on *ABB:* Maintain Buy on Company, raise target price at Rs 9230/Sh (Positive)

Investec on *Auro Pharma:* Maintain Buy on Company, target price at Rs 1400/Sh (Positive)

Jefferies on *Concor:* Maintain Buy on Company, target price at Rs 1195/Sh (Positive)

Nomura on *Eureka:* Maintain Buy on Company, target price at Rs 573/Sh (Positive)

Jefferies on *Hindalco:* Maintain Buy on Company, target price at Rs 825/Sh (Positive)

Nuvama on *Inox Wind:* Maintain Buy on Company, target price at Rs 201/Sh (Positive)

Kotak on *Siemens:* Maintain Sell on Company, cut target price at Rs 4600/Sh (Neutral)

Jefferies on *Honasa:* Maintain Buy on Company, cut target price at Rs 545/Sh (Neutral)

GS on *Info Edge:* Maintain Sell on Company, raise target price at Rs 5700/Sh (Neutral)

BofA on *Zydus Life:* Maintain Neutral on Company, raise target price at Rs 1310/Sh (Neutral)

Jefferies on *Zydus Life:* Maintain Hold on Company, target price at Rs 1210/Sh (Neutral)

MS on *Trent:* Maintain Equal weight on Company, target price at Rs 4812/Sh (Neutral)

CLSA on *Jubilant Food:* Maintain Underperform on Company, cut target price at Rs 445/Sh (Neutral)

Nomura on *Balkrishna:* Maintain Neutral on Company, target price at Rs 3115/Sh (Neutral)

Nuvama on *CESC:* Maintain Reduce on Company, target price at Rs 154/Sh (Neutral)

Nomura on *Alkem Labs:* Maintain Neutral on Company, target price at Rs 5605/Sh (Neutral)

Jefferies on *Alkem Labs:* Maintain Underperform on Company, target price at Rs 5080/Sh (Neutral)

Citi on *Balkrishna:* Maintain Sell on Company, target price at Rs 2150/Sh (Negative)

HSBC on *Alembic Pharma:* Downgrade to Reduce on Company, target price at Rs 1080/Sh (Negative)

HSBC on *Biocon:* Downgrade to Reduce on Company, target price at Rs 300/Sh (Negative)

CLSA on *Oil India:* Downgrade to Underperform on Company, valuations are expensive (Negative)

JPMorgan on *Global Health:* Downgrade to Underweight on Company, cut target price at Rs 980/Sh (Negative)

Stocks Picker Articles

12 Aug 2024 04:48

*Advanced Enzymes:* Net profit at Rs 35.0 cr vs Rs 29.0 cr, Rs 27 cr vs Rs 108 cr (YoY) (Neutral)

*SP Apparels:* Net profit at Rs 18 cr vs Rs 15 cr, Revenue at Rs 245 cr vs Rs 248 cr (YoY) (Neutral)

*Banco Products:* Net profit at Rs 68.7 cr vs Rs 68.8 cr, Revenue at Rs 797 cr vs Rs 740 cr (YoY) (Neutral)

*Axita Cotton:* Net profit at Rs 35 cr vs Rs 57 cr, Revenue at Rs 157 cr vs Rs 228 cr (YoY) (Neutral)

*Anuh Pharma:* Net profit at Rs 9.5 cr vs Rs 11.8 cr, Revenue at Rs 138 cr vs Rs 161 cr (YoY) (Neutral)

*RSWM:* Net loss at Rs 13.7 cr vs Rs 17.9 cr, Revenue at Rs 121 cr vs Rs 90.1 cr (YoY) (Neutral)

*Dredging Corp:* Net loss at Rs 31.0 cr vs Rs 23.0 cr, Revenue at Rs 151 cr vs Rs 278 cr (YoY) (Neutral)

*Roto Pumps:* Net profit at Rs 6.2 cr vs Rs 8.9 cr, Revenue at Rs 45.4 cr vs Rs 47.2 cr (YoY) (Neutral)

*Vraj Iron:* Net profit at Rs 15.5 cr vs Rs 16.3 cr, Revenue at Rs 114 cr vs Rs 106 cr (YoY) (Neutral)

*Lumax Auto:* Net profit at Rs 15.5 cr vs Rs 12.2 cr, Revenue at Rs 341 cr vs Rs 294 cr (YoY) (Neutral)

*West Coast:* Net profit at Rs 110 cr vs Rs 250 cr, Revenue at Rs 175 cr vs Rs 395 cr (YoY) (Neutral)

*CE Info:* Net profit at Rs 36 cr vs Rs 38 cr, Revenue at Rs 101 cr vs Rs 107 cr (YoY). (Neutral)

*Albert David:* Net profit at Rs 18.8 cr vs Rs 23.5 cr, Revenue at Rs 89.4 cr vs Rs 91.9 cr (YoY). (Neutral)

*Finolex Cables:* Net profit at Rs 34.9 cr vs Rs 29.3 cr, Revenue at Rs 1230 cr vs Rs 1204 cr (YoY). (Neutral)

*APL Apollo:* Net profit at Rs 193 cr vs Rs 193 cr, Revenue at Rs 4974 cr vs Rs 4545 cr (YoY). (Neutral)

*VLS Finance:* Unable to submit quarterly earnings in stipulated time due to ransomware incident. (Neutral)

*Insecticides:* Company to windup unit IIL overseas DMCC. (Neutral)

*Uco Bank:* Bank to hike lending rate by 5 bps across tenures from Monday, August 12 (Neutral)

*Bank Baroda:* Bank to hike lending rate by 5 bps across tenures from Monday, August 12 (Neutral)

*Canara Bank:* Bank to hike lending rate by 5 bps across tenures from Monday, August 12 (Neutral)

*Tata Motors:* Company expects sluggish demand overseas in FY25, pins hopes on gradual bounce back in domestic market. (Neutral)

*IEX:* Company appoints Rohit Bajaj as joint MD. (Neutral)

*Suven Pharmaceuticals:* Net profit at Rs 60.8 cr vs Rs 120.6 cr, Revenue at Rs 230.7 cr vs Rs 347.6 cr (YoY) (Negative)

*Bharat Dynamics:* Net profit at Rs 7.2 cr vs Rs 42 cr, Revenue at Rs. 191.2 cr vs Rs 297.7 cr (YoY) (Negative)

*Divgi Torqtransfer:* Net profit at Rs 6.0 cr vs Rs 10.4 cr, Revenue at Rs. 54.2 cr vs Rs 56.5 cr (YoY) (Negative)

*Engineers India:* Net profit at Rs 91.6 cr vs Rs 138.9 cr, Revenue at Rs. 624 cr vs Rs 818 cr (YoY) (Negative)

*Mishra Dhatu:* Net profit at Rs 5.3 cr vs Rs 18.7 cr, Revenue at Rs. 163 cr vs Rs 188 cr (YoY) (Negative)

*Hindware Home:* Net loss at Rs 4.0 cr vs Rs 0.27 cr, Revenue at Rs. 599 cr vs Rs 634 cr (YoY) (Negative)

*Star Cement:* Net profit at Rs 31 cr vs Rs 93.3 cr, Revenue at Rs. 751 cr vs Rs 760 cr (YoY) (Negative)

*Arihant Super:* Net profit at Rs 0.2 cr vs Rs 17.0 cr, Revenue at Rs 84.0 cr vs Rs 121 cr (YoY) (Negative)

*Dynamatics:* Net profit at Rs 11 cr vs Rs 41 cr, Revenue at Rs 346.0 cr vs Rs 362 cr (YoY) (Negative)

*Prime Focus:* Net loss at Rs 120.0 cr vs Rs 68.0 cr, Revenue at Rs. 795 cr vs Rs 1209 cr (YoY) (Negative)

*Waterbase:* Net loss at Rs 6.3 cr vs Rs 0.9 cr, Revenue at Rs. 72 cr vs Rs 111 cr (YoY) (Negative)

*Sat Ind:* Net profit at Rs 18.0 cr vs Rs 70.0 cr, Revenue at Rs. 120 cr vs Rs 130 cr (YoY) (Negative)

*IOL CP:* Net profit at Rs 30.0 cr vs Rs 46.0 cr, Revenue at Rs. 502 cr vs Rs 563 cr (YoY) (Negative)

*Birla Cable:* Net profit at Rs 0.02 cr vs Rs 12.0 cr, Revenue at Rs. 166 cr vs Rs 174 cr (YoY) (Negative)

Stocks Picker Articles

09 Aug 2024 04:52

*ABB:* Approved the proposal to secure on lease approximately 6.41 acres of industrial land with warm shell factory, offices and other infrastructures, situated, Bengaluru. (Positive)

*Ceigall:* Company wins new orders worth Rs 1042 crores for development of Kanpur Central Bus Terminal and Bhuvaneshwar Metro Project (Positive)

*Mindteck:* Net profit at Rs 6.38 cr vs Rs 6.20 cr, Revenue at Rs 108 cr vs Rs 93.4 cr (YoY) (Neutral)

*Global Health:* Net profit at Rs 106 cr vs Rs 102 cr, Revenue at Rs 861 cr vs Rs 780 cr (YoY) (Neutral)

*Astral:* Net profit at Rs 120.4 cr vs Rs 119.8 cr, Revenue at Rs 1384 cr vs Rs 1280 cr (YoY) (Neutral)

*Mayur Uniquoters:* Net profit at Rs 37 cr vs Rs 30 cr, Revenue at Rs 213 cr vs Rs 201 cr (YoY) (Neutral)

*Khadim:* Net profit at Rs 1 cr vs Rs 2 cr, Revenue at Rs 154 cr vs Rs 158 cr (YoY) (Neutral)

*Antony Waste Handling:* Net profit at Rs 21 cr vs Rs 23 cr, Revenue at Rs 227 cr vs Rs 221 cr (YoY) (Neutral)

*Gateway Distriparks:* Net profit at Rs 48.67 cr vs Rs 62.90 cr, Revenue at Rs 353 cr vs Rs 370 cr (YoY) (Neutral)

*Oil India:* Net profit at Rs 1467 cr vs Rs 2029 cr, Revenue at Rs 5332 cr vs Rs 5527 cr (QoQ) (Neutral)

*IRCON:* Net profit at Rs 224 cr vs Rs 187.9 cr, Revenue at Rs 2287 cr vs Rs 2763.8 cr (YoY) (Neutral)

*Biocon:* Net profit at ₹659.7 cr vs poll of ₹151.2 cr, Other income at ₹1,134.5 cr vs ₹48.6 cr QoQ & vs ₹93.5 cr YoY (Neutral)

*LIC:* Net profit at ₹10,544 cr vs Rs 9635 cr, net premium income at ₹114230.2 cr (Neutral)

*Gujarat Alkalis:* Net loss at Rs 44.5 cr vs Rs 57.2 cr, Revenue at Rs 980 cr vs Rs 913 cr (YoY) (Neutral)

*Concor:* Net Profit at Rs 259 cr vs Rs 245 cr, Revenue at Rs 2103 cr vs Rs 1922 cr (YoY) (Neutral)

*Sansera:* Net profit at Rs 50.0 cr vs Rs 44.7 cr, Revenue at Rs 744 cr vs Rs 660 cr (YoY) (Neutral)

*Galaxy Surf:* Net profit at Rs 79 cr vs Rs 75 cr, Revenue at Rs 974 cr vs Rs 932 cr (YoY). (Neutral)

*Solex Energy:* Company approved issuance of bonus shares in ratio of 1:4. (Neutral)

*Paramount Communications:* Company approves raising funds up to Rs 400 crore via QIP or other mean (Neutral)

*Nexus REITs:* Blackstone may offload 21.8% of nexus REIT stake today (Neutral)

*LIC: Company update on ongoing disruption in Bangladesh, Company says situation in Bangladesh has still not reached stage of normalcy (Neutral)

*Tega Ind:* Approved the augmentation of shop floor capacity at the Company’s manufacturing facility located at Dahej, Gujarat (Neutral)

*ABB INDIA:* Company declared an interim dividend of Rs 10.66 per share. (Neutral)

*MCX:* SEBI approves Praveena Rai’s name as MD & CEO of MCX. (Neutral)

*Utkarsh SFB:* RBI approves the increase in the authorised capital of Utkarsh Small Finance Bank from Rs 1,500 crore to Rs 2,000 crore (Neutral)

*GMR Infra:* Board Meeting to be held on 13-Aug-2024 to consider and approve Fund raising (Neutral)

*GE Power:* Realigns strategy for hydropower business- says not foresee any further participation in new Hydro bids in the market. (Neutral)

*Sugar Companies:* India to Keep Sugar Export Curbs in Blow to Local Producers (Neutral)

*Sobha:* Net profit at Rs 6.1 cr vs Rs 12 cr, Revenue at Rs 640 cr vs Rs 907 cr (YoY) (Negative)

*Birla Corp:* Net profit at Rs 32.6 cr vs Rs 59.7 cr, Revenue at Rs 2190 cr vs Rs 2407 cr (YoY) (Negative)

*Uniparts:* Net profit at Rs 24.8 cr vs Rs 37.1 cr, Revenue at Rs 261 cr vs Rs 297 cr (YoY) (Negative)

*Timken:* Net profit at Rs 96 cr vs Rs 141 cr, Revenue at Rs 784 cr vs Rs 898 cr (YoY) (Negative)

Stocks Picker Articles

08 Aug 2024 05:43

Forthcoming Event

08th August: ALICON, CONCOR, GATEWAY, GCSL, PAGEIND, PREVEST, SNOWMAN, STEELCAS, UNIPARTS, UPSURGE to consider Dividend; Mindteck (India), Ndr Auto Components, Starlineps Enterprises to consider Bonus Issue; Jash Engineering, Pondy Oxides & Chemicals to consider Stock Split; Mayur Uniquoters to consider Buyback; Birla Corporation, Praxis Home Retail, Vinny Overseas to consider Fund Raising; IFL Enterprises to consider Dividend & Bonus issue; James Warren Tea to consider Voluntary Delisting

09th August: BALKRISIND, GOLDIAM, INSECTICID, RAJTV, RISHABH, SATIA, SUNTV to consider Dividend; Biogen Pharmachem Industries, Hindware Home Innovation to consider Fund Raising; Axita Cotton to consider Bonus issue; Systematix Corporate Services to consider Dividend & Stock Split; Roto Pumps, Sika Interplant Systems to consider Stock Split

12th August: DSSL, NATCOPHARM to consider Dividend; Khoobsurat to consider Dividend & Bonus issue

13th August: MANAPPURAM to consider Dividend; HEG to consider Stock Split; Mufin Green Finance to consider Fund Raising

14th August: COASTCORP to consider Dividend