Stocks Picker Articles

02 Sep 2024 05:26

Corporate Actions

NBCC India has approved a bonus issue of one share for every two equity shares held. The record date for the bonus issue is October 7.

Insecticides India has approved a buyback of 500,000 shares (1.69% of equity) for up to Rs 50 crore at Rs 1,000 per share. The record date for the buyback is September 11.

Dividend

02-Sep-24
KOPRAN: Final Dividend - Rs. - 3.00
KLRFM: Final Dividend - Rs. - 1.25
DYNAMIND: Final Dividend - Rs. - 0.50
LANCORHOL: Final Dividend - Rs. - 0.20
CGVAK: Dividend - Rs. - 1.00
SANCTRN: Final Dividend - Rs. - 1.50
KRYSTAL: Final Dividend - Rs. - 1.50

03-Sep-24
KTKBANK: Final Dividend - Rs. - 5.50
SAVERA: Final Dividend - Rs. - 3.00
GOACARBON: Final Dividend - Rs. - 10.00
SAKTHIFIN: Final Dividend - Rs. - 0.80
TBZ: Final Dividend - Rs. - 1.75
DEEPAKFERT: Dividend - Rs. - 8.50
TAMBOLIIN: Final Dividend - Rs. - 1.00
ZFSTEERING: Final Dividend - Rs. - 8.00
LXMIATO: Final Dividend - Rs. - 12.00
VINATIORGA: Final Dividend - Rs. - 7.00
IWP: Final Dividend - Rs. - 0.10
IONEXCHANG: Final Dividend - Rs. - 1.50
GANECOS: Final Dividend - Rs. - 3.00
LEHAR: Final Dividend - Rs. - 0.30
FCL: Final Dividend - Rs. - 0.40

04-Sep-24
SPCAPIT: Interim Dividend - Rs. - 1.00
UNIABEXAL: Final Dividend - Rs. - 25.00
GEECEE: Final Dividend - Rs. - 2.00
RELCHEMQ: Final Dividend - Rs. - 1.00
PARAGMILK: Dividend - Rs. - 0.50
HIKAL: Final Dividend - Rs. - 0.60
MASFIN: Final Dividend - Rs. - 0.51
PRINCEPIPE: Final Dividend - Rs. - 1.00
RACLGEAR: Final Dividend - Rs. - 1.50


IPO
Baazar Style Retail: 30-Aug-24; Close: 03-Sep-24
Gala Precision Engineering: 02-Sep-24; Close: 04-Sep-24

Buyback
Nucleus Software Exports: Ex-Date: 03-Sep-24
Transport Corporation of India: Ex-Date: 04-Sep-24
Aarti Drugs: Ex-Date: 05-Sep-24
Ladderup Finance: Ex-Date: 06-Sep-24
Arex Industries: Ex-Date: 06-Sep-24
Jai Corp: Ex-Date: 10-Sep-24
Insecticides (India): Ex-Date: 11-Sep-24
Symphony: 27-Aug-24; Close: 02-Sep-24
Mayur Uniquoters: 29-Aug-24; Close: 04-Sep-24
VLS Finance: 30-Aug-24; Close: 05-Sep-24
KDDL: 02-Sep-24; Close: 06-Sep-24
Technocraft Industries: 02-Sep-24; Close: 06-Sep-24
Suprajit Engineering: 02-Sep-24; Close: 06-Sep-24

Bonus
Garment Mantra Lifestyle: Bonus Issue 1:1; Ex-Date: 03-Sep-24
VST Industries: Bonus Issue 10:1; Ex-Date: 06-Sep-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 28-Sep-24

Stock Split
Bondada Engineering: Stock Split From Rs.10/- to Rs.2/-; Ex-Date: 02-Sep-24
Sapphire Foods India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 05-Sep-24
Andhra Paper: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Sep-24
Onesource Ideas Venture: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Sep-24
Sportking India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Sep-24

Right Issue
Srivari Spices And Foods: Ex-Date: 04-Sep-24
Patel Integrated Logistics: Ex-Date: 06-Sep-24
Swiss Military Consumer Goods: 23-Aug-24; Close: 06-Sep-24
Vinny Overseas: 27-Aug-24; Close: 10-Sep-24
Jaykay Enterprises: 27-Aug-24; Close: 04-Sep-24
Orient Green Power Company: 27-Aug-24; Close: 13-Sep-24
Modern Engineering: 05-Sep-24; Close: 17-Sep-24
Patel Integrated Logistics: 19-Sep-24; Close: 01-Oct-24
Srivari Spices And Foods: 24-Sep-24; Close: 03-Oct-24

Amalgamation
TCNS Clothing Co.: Ex-Date: 03-Sep-24

Stocks Picker Articles

02 Sep 2024 05:00

*Fund Houses Recommendations*


Citi on *Ultratech Cem:* Maintain Buy on Company, raise target price at Rs 13000/Sh (Positive)

MS on *Reliance Ind:* Maintain Overweight on Company, raise target price at Rs 3416/Sh (Positive)

Antique on *Gujarat Gas:* Maintain Buy on Company, raise target price at Rs 726/Sh (Positive)

Equirus on *Gujarat Gas:* Upgrade to Add on Company, raise target price at Rs 667/Sh (Positive)

Emkay on *Gujarat Gas:* Upgrade to Reduce on Company, raise target price at Rs 600/Sh (Positive)

Macquarie on *Dalmia Bharat:* Maintain Outperform on Company, raise target price at Rs 2176/Sh (Positive)

Macquarie on *Ambuja:* Maintain Neutral on Company, hike target price at Rs 620/Sh (Positive)

UBS on *Axis Bank:* Maintain Buy on Bank, raise target price at Rs 1250/Sh (Neutral)

Systematix on *Gulf Oil:* Initiate Buy on Company, raise target price at Rs 1700/Sh (Positive)

Incred on *Bajaj Finance:* Maintain Buy on Company, raise target price at Rs 9000/Sh (Positive)

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

Macquarie on *Ramco Cement:* Maintain Neutral on Company, cut target price at Rs 802/Sh (Neutral)

Macquarie on *ACC:* Maintain Neutral on Company, cut target price at Rs 2508/Sh (Neutral)

Macquarie on *Shree Cement:* Maintain Neutral on Company, cut target price at Rs 25243/Sh (Neutral)

Macquarie on *Ultratech:* Maintain Neutral on Company, target price at Rs 11106/Sh (Neutral)

Stocks Picker Articles

02 Sep 2024 04:59

*Stocks in News*


*Biocon:* Company gets ANDA approval for Sacubitril/Valsartan Tablets from the US FDA. Company receives EIR from U.S. FDA for Visakhapatnam API facility. (Positive)

*Emami:* Company enters binding agreement to acquire 100% stake in Helios Lifestyle. (Positive)

*SJVN, NHPC and RailTel:* Government upgrades to Navrtana CPSEs. (Positive)

*Genus Power:* Company incorporates arm Genus Mewar Smart Metering. (Positive)

*Waaree Renewable:* Company units Sunsational solar Pvt ltd and Sunsantional energy Pvt ltd has been incorporated, entities being acquired belongs solar renewable sector. (Positive)

*CESC:* Company unit Purvah green power Pvt ltd has incorporated a wholly owned subsidiary named Greenpulse power Pvt ltd, entity being acquired belongs to renewable power sector (Positive)

*GPT Infra:* Company declared lowest bidder for a project worth Rs 204 cr from South East Railways Kolkata. (Positive)

*Century Textiles:* Birla estates signed an agreement to co-develop land parcel in Noida, agreement to co-develop a land parcel covering 131 acers (Positive)

*Indian Hume Pipe:* Company gets LoI for order worth Rs 859 crore. (Positive)

*Insecticides (India):* Company approved buyback up to Rs 500 Million, buyback price of Rs 1000 per share (Positive)

*Fortis Health:* Company to acquire PE Investors' stake in Agilus Diagnostics (Positive)

*Ansal housing:* Company signed and executed restructuring agreement with suraksha asset reconstruction (Positive)

*Lemon Tree Hotels:* Company signs license pact for 72-room hotel in Amritsar (Positive)

*RITES:* Company has emerged as the lowest bidder (L-1) for a USD 2.67 cr contract to supply, test, and commission 4 diesel multiple units (Positive)

*Netweb Technologies India:* Company Launch of New Products for Advanced Server Systems (Positive)

*Hazoor Multi Projects:* Company gets order worth Rs 400 Million from welspun enterprises for stacking and dewatering work (Positive)

*Anup Engineering:* Company and graham join forces to expand manufacturing and supply capabilities, agreement will enable Anup engineering to manufacture and supply a wide range of critical products (Positive)

*Juniper Hotels:* Company to enter into agreement to acquire 220-room hotel asset near Bengaluru airport built over 6.5 acres of land designed to be a five-star hotel property (Positive)

*W S Industries:* Company approved availing fresh working capital facility from union bank of India, Company to raise Rs 250 Million. (Positive)

*BLS International:* Company approved share purchase agreement to acquire 51% stake in SLW media, entity being acquired belongs to media, advertising, broadcasting, event management and related services (Positive)

*Gujarat Gas:* Company approved amalgamation of GSPC, GSPL and GEL with GGL. (Positive)

*Centum Electronics:* Company wins order worth Rs 109.58 cr from Defense research and development organisation for Intersatellite link & other payload subsystems (Positive)

*Steel Stocks:*Indian primary mills hike rebar prices by Rs 750-1000/ton (Positive)

*Bajaj Finance/Bajaj Finserve:* Arm Bajaj Housing Finance files DRHP with SEBI (Positive)

*Oil Upstream stocks:* India Lowers Windfall Tax on Domestic Crude to Rs 1850 a Ton vs Rs 2100 / ton, Reduction of 11.9% (Positive)

*Hero Motocorp:* 2-wheeler sales at 5.12 lakh units Vs Estimate of 5.10 Lk Units. (Positive)

*Maruti:* Domestic Sales at 1.55 Lk Units Vs Estimate of 1.53 Lk Units (Positive)

*TVS Motors:* Total Sales Up 13% at 3.91 Lk Units Vs 3.45 Lk Units (YoY) Est 3.83 Lk Units. (Positive)

*VST Tillers:* Total Sales Up 9.4% at 4,416 Units Vs 4,037 Units (YoY). (Positive)

*Tata Motors:* Company approves allotment of 35.6 cr shares to TML Securities Trust. (Neutral)

*ICICI Lombard:* Company gets GST demand worth Rs 289 crore including interest & penalty for FY20. (Neutral)

*Eicher Motors:* VECV Sales Up 1% At 6,543 Units Vs 6,476 Units (YoY). (Neutral)

Stocks Picker Articles

30 Aug 2024 04:47

*Prestige Estates:* Launches QIP to Raise Up To ₹5,000 Cr, Indicative Issue Price ₹1,674/Sh (Neutral)

*Max Estates:* Launches QIP, Indicative Issue Price ₹628.7/Sh (Neutral)

*Adani Power;* Company refutes reports of supply of costly power to Bangladesh (Neutral)

*Steel Strip:* Company cancels joint venture talks with Israeli firm amid Gaza conflict uncertainties.. (Neutral)

*Poonawalla:* Company approves appointment of Bhaskar Pandey as Chief Risk Officer for 5 years. (Neutral)

*Rallis India:* Bhaskar Bhat ceases to be Chairman, effective August 30 as per retirement age policy: (Neutral)

*Natco Pharma:* Company submits product application with U.S. FDA for generic product indicated for treatment of metastatic non-small cell lung cancer. (Neutral)

*GE Power:* Company appoints Puneet Bhatla as Managing Director, effective September 1. (Neutral)

*Vodafobe/Bharti Airtel:* SC to hear AGR Curative petition on August 30th at 1.30 pm (Neutral)

*Tata Motors DVR:* Trading of Tata Motors DVR shares to stop. Co will issue 7 ordinary shares for every 10 DVR shares held by an investor Record date set for September 1 (Neutral)

*India Cement:* Kotak Mahindra MF sold 15.74 lk shares at Rs 364.21 (Neutral)

*Spice Jet:* The Directorate General of Civil Aviation said the low-cost airline will be under enhanced surveillance with immediate effect amid the ongoing issues. (Negative)

Stocks Picker Articles

29 Aug 2024 05:43

*Forthcoming Event*

29th August: PGHH, TEMBO to consider Dividend; Antarctica, Indian Renewable Energy Development Agency, Interactive Financial Services, Kiri Industries, Madhav Infra Projects, Rose Merc., Steel Exchange India, Sammaan Capital to consider Fund Raising; Jai Corp to consider Buyback

30th August: Kiduja India to consider Stock Split; Grovy India to consider Bonus issue; Fortis Healthcare to consider Fund Raising; Insecticides (India) to consider Buyback

31st August: Ashiana Ispat, Max Estates, Sadbhav Engineering, Hilton Metal Forging to consider Fund Raising; NBCC (India) to consider Bonus issue; J Taparia Projects to consider Stock Split

02nd September: Sumit Woods, Incredible Industries, MIRC Electronics, Hindware Home Innovation to consider Fund Raising

03rd September: Humming Bird Education to consider Stock Split; Bannari Amman Spinning Mills to consider Fund Raising

05th September: Rashtriya Chemicals and Fertilizers to consider Fund Raising

Stocks Picker Articles

29 Aug 2024 04:55

*Stock in Action*

*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 defence capital expenditure. Bharat Dynamics, a leading ammunition and missile manufacturer, has been beneficiary of thrust of government on defence sector. The company also posted weak results in Q1FY25, which is a seasonally weak quarter. However, company's focus on efficient implementation and enhanced profitability has brought growing orders, leading to elevated cash flows and earnings. With a robust order book, revenue visibility remains promising and as the scale continues to rise, profitability is expected to follow suit. Company's success is underscored by its substantial order book, totaling Rs 20,831 crore, as of June 2024. This backlog, equivalent to approximately 8.7x the FY24 revenue, serves as a robust platform for future expansion. The first quarter has been impacted by the ongoing geopolitical tensions in Europe and the Middle East. However, performance is likely to improve from Q2FY25 onwards. The trend of securing new orders was pretty robust, with company is securing approximately Rs 1,500 crore in Q1FY25, compared to Rs 466 crore in Q1FY24, further strengthening its market position. Additionally, it maintains a strong bid pipeline of Rs 20,000 crore, both domestically and internationally. Looking ahead, company is well-positioned to capitalise on the increasing capital outlay for indigenous defence platforms, particularly in areas such as missiles, torpedoes, and counter-measure dispensing systems. *Positive on Bharat Dynamics given its substantial order backlog and promising growth prospects.*

*IEX.:* Indian Energy Exchange (IEX) is India’s premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. More recently, IEX has pioneered cross border electricity trade expanding its power market beyond India in an endeavour to create an integrated South Asian Power Market. As the IEX Power Market Update, the company achieved the highest ever total volume (including certificates) of 13,250 MU in July 2024, marking a ~56% YoY increase. The electricity volume at 10,093 MU, increased 29% YoY. Green electricity volume during the month at 1 BU, grew 259% YoY. According to government data published in July 2024, the country's energy consumption reached 145.4 BUs, representing ~4% increase year-on-year. IEX delivered a strong performance in 1QFY25. Revenue from operations rose 1.9% QoQ and 18.8% YoY to Rs. 123.56 crore. EBITDA of Rs. 130.25 crore was up 24.19% YOY.PAT soared 27.2% YoY to Rs. 96.44 crore. Going forward, amidst a robust global environment for renewable energy growth and the government's continued focus on the sector, the company is likely to benefit over the long term. The government aims to increase share of non-fossil fuel in India's electricity generation capacity to 50% by 2030. *Positive on IEX given its healthy quarterly performance and efforts to tap growth opportunities in the Indian energy sector.*

Stocks Picker Articles

29 Aug 2024 04:24

*Vodafone Idea, Bharti Airtel:* AGR Dues Case: Supreme Court to take up curative plea on August 30. (Neutral)

*PTC Industries:* Company approves floor price for QIP at Rs13894.42/share. (Neutral)

*Welspun Living:* Company is set to see a block deal where the promoter plans to sell up to 4.6% of the company’s stake and raise $106 million (Neutral)

*Reliance Ind:* AGM to start at 2pm today. (Neutral)

*VST Tillers:* Board recommends final dividend of Rs 20/share. (Neutral)

*Max Estates:* Board to meet on August 31 to approve raising up to Rs 150 crore (Neutral)

*Shriram Fin* Shriram Capital appoints Subhasri as its MD and CEO (Neutral)

*MTNL:* Union Bank freezes MTNL's accounts over non-payment of dues. (Negative)

Stocks Picker Articles

28 Aug 2024 05:18

*Corporate Actions*

NBCC India Board will meet on August 31 to consider issuing bonus shares to equity shareholders.

Orient Technologies shares are set to make a stock market debut today, August 28. Issue price is fixed at Rs. 206 per share

*Dividend*

*28-Aug-24*
HINDZINC: Interim Dividend - Rs. - 19.00
HAZOOR: Interim Dividend - Rs. - 2.00
DMCC: Final Dividend - Rs. - 1.00
INTLCOMBQ: Dividend - Rs. - 5.00
ASAHIINDIA: Final Dividend - Rs. - 2.00
FORCEMOT: Final Dividend - Rs. - 20.00
SIGACHI: Final Dividend - Rs. - 0.10
BAJAJST: Final Dividend - Rs. - 3.00
YUKEN: Final Dividend - Rs. - 1.50

*29-Aug-24*
RADIANTCMS: Final Dividend - Rs. - 2.50
IGPL: Final Dividend - Rs. - 7.50
JAMNAAUTO: Final Dividend - Rs. - 1.30
MULTIBASE: Final Dividend - Rs. - 3.00
PDMJEPAPER: Dividend - Rs. - 0.60
HONDAPOWER: Final Dividend - Rs. - 17.50
AMJLAND: Dividend - Rs. - 0.20
CLEAN: Final Dividend - Rs. - 3.00

*30-Aug-24*
GANESHHOUC: Final Dividend - Rs. - 11.00
NATFIT: Dividend - Rs. - 1.50
TVSSRICHAK: Dividend - Rs. - 47.34
NCC: Dividend - Rs. - 2.20
ROHLTD: Final Dividend - Rs. - 2.50
MOIL: Final Dividend - Rs. - 2.55
PFC: Interim Dividend - Rs. - 3.25
KAMAHOLD: Interim Dividend - Rs. - 16.00
QUICKHEAL: Final Dividend - Rs. - 3.00
KAJARIACER: Final Dividend - Rs. - 6.00
NAVA: Interim Dividend - Rs. - 4.00
JGTL: Dividend - Rs. - 2.50
OIL: Final Dividend - Rs. - 2.50
POEL: Final Dividend - Rs. - 2.50
SHYAMMETL: Final Dividend - Rs. - 2.70
ITDC: Final Dividend - Rs. - 2.52
DAICHI: Final Dividend - Rs. - 2.00
SARDAEN: Final Dividend - Rs. - 1.00
JSL: Final Dividend - Rs. - 2.00
SALZERELEC: Dividend - Rs. - 2.50
CAREERP: Interim Dividend - Rs. - 1.00
PREVEST: Final Dividend - Rs. - 1.00
UFLEX: Dividend - Rs. - 1.00
JTLIND: Final Dividend - Rs. - 0.25
VIJAYA: Final Dividend - Rs. - 1.00
SUYOG: Final Dividend - Rs. - 1.25
BIRLAPREC: Final Dividend - Rs. - 0.05
SRD: Final Dividend - Rs. - 0.05

*IPO*
Premier Energies: 27-Aug-24; Close: 29-Aug-24
ECOS (India) Mobility & Hospitality: 28-Aug-24; Close: 30-Aug-24
Baazar Style Retail: 30-Aug-24; Close: 03-Sep-24

*Buyback*
Indian Toners & Developers: Ex-Date: 30-Aug-24
Weizmann: Ex-Date: 30-Aug-24
Nucleus Software Exports: Ex-Date: 03-Sep-24
Arex Industries: Ex-Date: 06-Sep-24
Cera Sanitaryware: 22-Aug-24; Close: 28-Aug-24
Savita Oil Technologies: 22-Aug-24; Close: 28-Aug-24
Dhanuka Agritech: 22-Aug-24; Close: 28-Aug-24
Chaman Lal Setia Exports: 23-Aug-24; Close: 29-Aug-24
AIA Engineering: 26-Aug-24; Close: 30-Aug-24
Symphony: 27-Aug-24; Close: 02-Sep-24
Mayur Uniquoters: 29-Aug-24; Close: 04-Sep-24

*Bonus*
VST Industries: Bonus Issue 10:1; Ex-Date: 30-Aug-24
Garment Mantra Lifestyle: Bonus Issue 1:1; Ex-Date: 03-Sep-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 28-Sep-24

*Stock Split*
Bondada Engineering: Stock Split From Rs.10/- to Rs.2/-; Ex-Date: 02-Sep-24
Sapphire Foods India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 05-Sep-24
Andhra Paper: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Sep-24
Sportking India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Sep-24

*Right Issue*
Vardhman Polytex: Ex-Date: 28-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-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

28 Aug 2024 04:57

*Stock in Action*

*NLC India Ltd.:* NLC India, a Navratna Government of India Enterprise, is the nodal agency for lignite mining in India and operates 3 opencast Lignite Mines of total installed capacity 28 million tonnes per annum (MTPA) at Neyveli, one opencast Lignite Mine at Barsingsar in Rajasthan with an installed capacity of 2.10 MTPA and an open cast coal mine at Talabira in Odisha with an installed capacity of 20 MTPA. The company has also forayed into the renewable energy sector. Presently, it is operating 1380 MW of Solar Power Plants in various Districts of Tamil Nadu and Andaman & Nicobar Islands and 51 MW Wind Power Plant in Tirunelveli district of Tamil Nadu. NLC India is the first CPSE to cross 1 GW capacity in Solar Power Generation in the country. The company is aiming to achieve a total renewable energy capacity of 6031MW by 2030. It targets to become a 17,171 MW company by 2030 and is undertaking various expansion activities to reach this goal. In 1QFY25, NLC India recorded 22.17% YoY growth in lignite production to 61.67 LT and 35.27% YoY growth in coal production to 28.46 LT. Gross Power Generation increased to 6,133.67 MU, up 13.48% YoY. The company reported a 1.8% YoY growth in revenue from operations to Rs. 3,376 crore in the first quarter. EBITDA of Rs.1,444.38 crore registered YoY growth of 10.61%. PAT of Rs. 566.69 crore rose 37% YoY. *Positive on NLC India given it is a key player in lignite mining and efforts to tap growth opportunities in the renewable energy sector.*

*LIC Housing Finance:* LIC Housing Finance is looking to diversify its product mix by increasing the share of non-housing loans with a higher exposure to self-employed customers. As per the management, this is the formula to balance growth and margins. A potential rate cut by the US Fed in September and the lowering of inflation could trigger a shallow rate cut by the RBI in H2 FY25. This could benefit LIC Housing Finance, given its higher exposure to floating rate borrowings. Its portfolio growth was below expectations in a seasonally weak quarter with higher repayments. Also, unfavourable weather conditions and extended elections partly impacted growth. However, disbursements saw a healthy sequential uptick and the trend is expected to continue. The project loan segment saw solid growth and will remain a key focus area. This coupled with healthy growth in individual home loans will support the double-digit loan growth guidance in FY25. NIMs contracted due to a higher one-time recovery of interests from NPA accounts. The share of higher-yield/non-housing loans is expected to gradually increase to 20%, going forward. This, coupled with a bigger focus on the self-employed book, will boost margins. A change in the loan disbursement mix and the customer mix will aid NIMs, which is guided to remain in the 2.7-2.9% range, going forward. Despite below-normal collection efficiency due to adverse weather conditions and extended elections, the gross NPA ratio was stable at 3.3%. *Positive on LIC Housing Finance given the pick-up in loan growth, steady margins, lower credit costs, and controlled costs.*

Stocks Picker Articles

28 Aug 2024 04:49

*Tata Motors:* Company announces that trading in differential voting rights shares would be suspended from Friday on account of scheme of arrangement of company. (Neutral)

*India MART:* Company incorporates new unit IILDigital for digital marketplace and software solutions (Neutral)

*Asian energy services:* Company approved issuance of fully convertible equity warrants up to Rs 1.61 billion (Neutral)

*Remedium Lifecare:* Company board meeting on sept 3 to acquire a company, airowater global trading LLC, UAE which is into water Injectables for pharma production (Neutral)

*AB Capital:* Company invests Rs 300 crore via rights in unit Aditya Birla Housing Finance (Neutral)

*Bharti Airtel:* Company is planning to close Wynk Music in the next couple of months. (Neutral)

*Skipper:* Company approved Fundraise Upto 6b Rupees (Neutral)

*SBI Cards:* Dinesh Khara resigns from directorship of company. (Neutral)

*L&T Tech:* Company sees revenue of $1.26 bn-$1.28 bn for FY25 (Neutral)

*Kalpataru Projects:* Afghanistan branch received certain tax challans and fines relating for financial year 2021 and 2022. (Neutral)

*Mayur Uniquoters:* Share buyback to open on Aug 29 and close on Sept 4, 2024. (Neutral)

*Jindal Stainless:* Board approves fundraising through issue of eligible securities and/ or equity shares (Neutral)

*Paras Defence:* Company approved fundraising up to 200 cr via QIP (Neutral)

*GE T&D:* Gujarat plant operations disrupted due to heavy rain fall & water logging. (Neutral)

*Tata Tech:* TPG Rise Climate sells 3% stake in Tata Technologies for ₹1230 crore (Neutral)

*HAL, Vodafone Idea, India Glycols, Zomato:* AGMs scheduled today (Neutral)

*Fortis:* Board meeting on 30th August to consider fund raising by issuance of debentures/ warrants/ bonds/ any other instrument (Neutral)

Stocks Picker Articles

27 Aug 2024 05:29

Corporate Actions

Aarti Drugs has approved buyback of up to 6,65,000 equity shares representing up to 0.72% of total Equity Shares at a price of Rs. 900/- per Equity Share for an aggregate amount of up to Rs. 59.85 Crores, on a proportionate basis through tender offer route.

Dividend

27-Aug-24
KSE: Final Dividend - Rs. - 30.00
AMARJOTHI: Dividend - Rs. - 2.20
UNIDT: Final Dividend - Rs. - 1.20
WINDMACHIN: Final Dividend - Rs. - 0.50
KDDL: Final Dividend - Rs. - 4.00
MANORAMA: Final Dividend - Rs. - 0.40

28-Aug-24
HINDZINC: Interim Dividend - Rs. - 19.00
HAZOOR: Interim Dividend - Rs. - 2.00
DMCC: Final Dividend - Rs. - 1.00
INTLCOMBQ: Dividend - Rs. - 5.00
ASAHIINDIA: Final Dividend - Rs. - 2.00
FORCEMOT: Final Dividend - Rs. - 20.00
SIGACHI: Final Dividend - Rs. - 0.10
BAJAJST: Final Dividend - Rs. - 3.00
YUKEN: Final Dividend - Rs. - 1.50

29-Aug-24
RADIANTCMS: Final Dividend - Rs. - 2.50
IGPL: Final Dividend - Rs. - 7.50
JAMNAAUTO: Final Dividend - Rs. - 1.30
MULTIBASE: Final Dividend - Rs. - 3.00
PDMJEPAPER: Dividend - Rs. - 0.60
HONDAPOWER: Final Dividend - Rs. - 17.50
AMJLAND: Dividend - Rs. - 0.20
CLEAN: Final Dividend - Rs. - 3.00

IPO
Premier Energies: 27-Aug-24; Close: 29-Aug-24
ECOS (India) Mobility & Hospitality: 28-Aug-24; Close: 30-Aug-24
Baazar Style Retail: 30-Aug-24; Close: 03-Sep-24

Buyback
KDDL: Ex-Date: 27-Aug-24
Technocraft Industries: Ex-Date: 27-Aug-24
Suprajit Engineering: Ex-Date: 27-Aug-24
Indian Toners & Developers: Ex-Date: 30-Aug-24
Weizmann: Ex-Date: 30-Aug-24
Nucleus Software Exports: Ex-Date: 03-Sep-24
TTK Prestige: 21-Aug-24; Close: 27-Aug-24
Cera Sanitaryware: 22-Aug-24; Close: 28-Aug-24
Savita Oil Technologies: 22-Aug-24; Close: 28-Aug-24
Dhanuka Agritech: 22-Aug-24; Close: 28-Aug-24
Chaman Lal Setia Exports: 23-Aug-24; Close: 29-Aug-24
AIA Engineering: 26-Aug-24; Close: 30-Aug-24
Symphony: 27-Aug-24; Close: 02-Sep-24

Bonus
VST Industries: Bonus Issue 10:1; Ex-Date: 30-Aug-24
Garment Mantra Lifestyle: Bonus Issue 1:1; Ex-Date: 03-Sep-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 28-Sep-24

Stock Split
Aditya Vision: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 27-Aug-24
Bondada Engineering: Stock Split From Rs.10/- to Rs.2/-; Ex-Date: 02-Sep-24
Sapphire Foods India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 05-Sep-24
Andhra Paper: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Sep-24
Sportking India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Sep-24

Right Issue
Vardhman Polytex: Ex-Date: 28-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-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

27 Aug 2024 04:55

*Fund Houses Recommendations*


CLSA on *Avenue Supermart:* Maintain Outperform on Company, raise target price at Rs 5650/Sh (Positive)

JP Morgan on *Tata Motors:* Maintain Overweight on Company, target price at Rs 1250/Sh (Positive)

BofA on *Indus Towers:* Maintain Buy on Company, target price at Rs 490/Sh (Positive)

HSBC on *Coforge:* Maintain Buy on Company, raise target price at Rs 6900/Sh (Positive)

HSBC on *MPhasis:* Maintain Hold on Company, raise target price at Rs 2900/Sh (Positive)

HSBC on *LTTS:* Maintain Hold on Company, raise target price at Rs 5560/Sh (Positive)

HSBC on *Persistent:* Believe company will continue to Grow Strongly in Double-Digits and Outperform Peers (Positive)

Investec on *Medi Assist:* Initiate Buy on Company, target price at Rs 625/Sh (Positive)

JP Morgan on *ONGC:* Maintain Neutral on Company, raise target price at Rs 306/Sh (Positive)

Morgan Stanley on *NBFCs and Insurance:* There is increased interest in non-bank lenders as investors look to position for rate cuts (Positive)

Investec on Power sector: Generation Increased 8.3% YoY July Led By Healthy Power Demand, Remain Positive On *NTPC, CESC, Inox Wind and Kalpataru* (Positive)

Morgan Stanley on *Real Estate:* Investor interest in real estate has waned vs. six months ago despite the stocks' outperformance YTD (Neutral)

BofA on *Pharma:* Topline beat driven by higher India, US generic lumpy (Neutral)

Jefferies *India Strategy:* Tax Data Shows Rising Cap Gains; K-Shaped Recovery (Neutral)

JP Morgan on *Indegene:* Initiate Neutral on Company, target price at Rs 570/Sh (Neutral)

JPMorgan on Iron Ore: *NMDC* remains least preferred (Negative)

HSBC on *KPIT:* Downgrade to Hold on Company, cut target price at Rs 2000/Sh (Negative)

Stocks Picker Articles

27 Aug 2024 04:40

*PEL:* Arm Piramal Capital and Housing Finance received Rs 466cr order from IT department. Company had received an income tax assessment order for the FY 2021-22 (AY 2022-23), allowing loss of Rs.10,627 crores (Neutral)

*Paras Defence, Skipper, Spandana Sphoorthy:* Board meeting to mull fundraising (Neutral)

*HUL:* Receives tax demand of Rs 963cr from IT Department (Negative)

Stocks Picker Articles

26 Aug 2024 05:14

Forthcoming Event

26th August: CEIGALL to consider Dividend; Aarti Drugs to consider Buyback; Aryan Share And Stock Brokers, Credent Global Finance, Odyssey Corporation, Samyak International, Trishakti Industries to consider Fund Raising

27th August: SPCAPIT, TIRUFOAM to consider Dividend; Asian Energy Services, Jet Freight Logistics, Asian Energy Services, Jet Freight Logistics, Paras Defence and Space Technologies, Skipper, Spandana Sphoorty Financial, SPML Infra, Vipul Organics to consider Fund Raising; Arex Industries to consider Buyback; Svarnim Trade Udyog to consider Scheme of Arrangement

28th August: GILLETTE, KMSMEDI, HMAAGRO to consider Dividend; Vaishali Pharma to consider Bonus issue; Avro India, Shree Hari Chemicals Export, Gujarat Apollo Industries, Patel Integrated Logistics, Agro Tech Foods to consider Fund Raising; J Taparia Projects to consider Stock Split

29th August: PGHH, TEMBO to consider Dividend; Antarctica, Indian Renewable Energy Development Agency, Interactive Financial Services, Kiri Industries, Madhav Infra Projects, Rose Merc., Steel Exchange India to consider Fund Raising; Jai Corp to consider Buyback

30th August: Kiduja India to consider Stock Split; Grovy India to consider Bonus issue

31st August: Ashiana Ispat to consider Fund Raising

03rd September: Humming Bird Education to consider Stock Split

Stocks Picker Articles

26 Aug 2024 05:09

Bulk Deal & Insider Trade Update

Bulk Deals
*Ambuja Cements Ltd: Holderind Investments Limited Sell 67956000 Shares @ Rs. 625.5
*Ambuja Cements Ltd: Gqg Partners Emerging Markets Equity Fund Buy 17073577 Shares @ Rs. 625.5
*Hinduja Global Sols Ltd: Legends Global Opportunities (Singapore) Pte. Ltd. Buy 711154 Shares @ Rs. 885.11
*Seamec Limited: Legends Global Opportunities (Singapore) Pte. Ltd. Buy 279000 Shares @ Rs. 1500
*Seamec Limited: Nomura Singapore Limited Sell 279000 Shares @ Rs. 1500
*Rane Engine Valve Limited: Ubs Principal Capital Asia Limited Buy 75000 Shares @ Rs. 605.51
*Jhs Svendgaard Laboratori: Sixth Sense India Opportunities 11 Sell 551400 Shares @ Rs. 24.93
*Beacon Trusteeship Ltd: Ark Global Emerging Companies Lp Buy 116000 Shares @ Rs. 115.29
*V2Retail: Motilal Oswal Mutual Fund(Motilal Oswal Small Cap Fund) Buy 410000 Shares @ Rs. 1062.35
*V2Retail: India 2020 Fund Ii,Limited Sell 400000 Shares @ Rs. 1061.4
*Quint: Vespera Fund Limited Sell 3510094 Shares @ Rs. 96.05
*Quint: Unico Global Opportunities Fund Limited Buy 3510094 Shares @ Rs. 96.05
*Seil: The Great International Tusker Fund Sell 1715000 Shares @ Rs. 114.2
*Seil: Legends Global Opportunities (Singapore) Pte. Ltd. Buy 1715000 Shares @ Rs. 114.2
*Eraaya: Craft Emerging Market Fund Pcc- Citadel Capital Fund Buy 112800 Shares @ Rs. 800
*Eraaya: Craft Emerging Market Fund Pcc- Elite Capital Fund Buy 107800 Shares @ Rs. 800
*Globuscon: Eos Multi-Strategy Fund Aiflnp V.C.I.C.Ltd Sell 4010140 Shares @ Rs. 16.71
*Aztec: Catalyst New India Fund Sell 104000 Shares @ Rs. 99.32
*Indlease: Punjab National Bank Sell 120187 Shares @ Rs. 9.24

Insider Trade
*Acquisition*
* Stel Holdings Ltd:, Promoter Group, Acquisition 2485 shares
* Nrb Bearings Ltd.: Promoter & Director, Acquisition 31074 shares
* Niit Ltd.:, Promoter Group, Acquisition 3538051 shares

*Disposal*
* Dr. Lal Pathlabs Ltd: Om Prakash Manchanda, Director, Disposal 16000 shares on 21-Aug-24
* Avenue Supermarts Ltd: ELVIN ELIAS MACHADO, Director, Disposal 2000 shares on 21-Aug-24
* Info Edge (India) Ltd.: Promoter Group, Disposal 1170 shares
* Pidilite Industries Ltd.: Rashmikant Himatlal Parekh, Promoter Group, Disposal 10000 shares on 21-Aug-24

*Revoke*
* Navin Fluorine International Limited-$: MAFATLAL IMPEX PRIVATE LIMITED Mafatlal Exim Pvt Ltd amalgamated with Mafatlal Impex Pvt Ltd, Promoter, Revoke 300000 shares on 22-Aug-24

Dividend Update
*Dhruv Consultancy Services Ltd.: Final Dividend Rs. 0.25; Ex Date: 26-Aug-2024
*Manappuram Finance Ltd.: Interim Dividend Rs. 1.00; Ex Date: 26-Aug-2024
*Welcast Steels Ltd.: Final Dividend Rs. 2.50; Ex Date: 26-Aug-2024

Stocks Picker Articles

02 Sep 2024 05:01

Stock in Action

Balrampur Chini Mills: Balrampur Chini Mills is one of India's largest sugar producers, with a diversified portfolio that includes sugar, ethanol, and power co-generation. The company operates several sugar mills and distilleries, leveraging its scale and integrated operations to optimize production and cost efficiencies. Balrampur Chini Mills also focuses on sustainability and expanding its renewable energy capacity. Revenue for Q1 stood at INR 1422 crores showing a 2.3% growth Y-o-Y and a 0.8% degrowth Q-o-Q. EBITDA for Q1 closed at INR 166 crores, observing a steep fall of 51.2% Q-o-Q and 1.8% increase on Y-o-Y basis. During the quarter, the sugarcane crushing for the company ended early, leading to a decline in sugar production. This also affected it’s ethanol production. The reduction in crushing days further contributed to under-absorption of fixed overhead expenditure. However, the Government of Uttar Pradesh has made electricity for irrigation free in the month of March this year, where all the sugar producing plants of the company are located. The benefit of this will be seen during the upcoming sugarcane crushing season. The rainfall pattern is expected to be much better this year, contributing to overall productivity of the crop. The company has worked hard on infectious disease control for sugarcane crops which will help in picking up the efficiency of crop production. On 30th August 2024, the government also introduced a new policy which lifts the previous cap on using sugar for ethanol production. Now, in addition to cane juice and syrup, mills can also use B-Heavy and C-Heavy molasses to produce ethanol. Positive on Balrampur Chini Mills as the company can deliver good levels of growth in the upcoming quarters.

Lemon tree hotels: Lemon Tree Hotels is a leading mid-market hotel chain in India, offering a range of accommodations from economy to upscale segments. The company operates a diverse portfolio of properties across key cities, focusing on providing quality services at competitive prices. Lemon Tree Hotels emphasizes on customer satisfaction and expanding its footprint in the hospitality industry. Revenue for the company stood at INR 268 crores, showing a 18% drop Q-o-Q basis and a 19.6% growth Y-o-Y basis. EBITDA for the comapny was INR 115 crores, with a fall of 32.7% Q-o-Q basis and a growth of 8.5% Y-o-Y basis. Hospitality segment is a segment which is highly seasonal, due to which a year on year comparison is better to understand the growth of the company. During the quarter, the company signed 3 new management and franchise contracts, which added 187 rooms to pipeline and operationalised 4 hotels, which added 331 rooms. As of 30th June 2024, the inventory for the group stands at 107 operational hotels with 10,125 rooms, and the pipeline comprises an additional 4,000 rooms. On 28th August 2024, the company announced the signing of yet another new property in Ujjain, Madhya Pradesh. The new property in Ujjain is expected to open in FY27 and shall be managed by Carnation Hotels Private, a wholly-owned subsidiary of Lemon Tree Hotel. The Lemon Tree Hotel in Ujjain will offer 72 elegantly designed rooms, with connectivity through both public and private road transport including nearby airport and railways. Positive on Lemon Tree as the company is expected to show significant growth in upcoming years.

Stocks Picker Articles

02 Sep 2024 05:00

*Adani Enterprises:* Company arm incorporates Airports Infrastructure PLC in Kenya. (Neutral)

*SJS Enterprises:* Company enters agreement with Sunsource energy, Suryaurja one, Agreement for supply of up to 3 MWP of solar power for Rs 10.5 million. (Neutral)

*Adani energy:* Company executed share purchase agreement with REC power development and consultancy, Company agreement for acquiring 100% equity shares of Khavda IVA power transmission (Neutral)

*Power Finance Corp:* Company says BHADLA-iii & BIKANER-ill transmission transferred to power grid corp of India, deal for Rs 122.2 Million. (Neutral)

*JK Lakshmi Cement:* Nand Gopal Khaitan and Ravi Jhunjhunwala cease to be Directors effective 31st August, 2024 (Neutral)

*HBL Power Systems:* Company board approves proposal for change in name of the company to HBL Engineering (Neutral)

*Infosys*: Company get notice for over Rs 3 crore tax penalty. (Neutral)

*Birla Corp:* Company to buy 3.12 % Stake in Continuum MP Windfarm Development Private Limited for Rs 13.91 Cr to source wind-solar power. (Neutral)

*Hindustan Aeronautics:* Ananthakrishnan ceases to be Director and CFO (Neutral)

*SBI:* Government nominates Nagaraju Maddirala as Director on Central Board of Directors at Bank with immediate effect. (Neutral)

*KIMS:* Company acquired 100 % equity stake of Chalasani hospitals, deal for Rs 280 million. (Neutral)

*Canara Bank:* Moodys assigns Bank AA3 rating with stable outlook to the issue of up to $500 million notes (Neutral)

*Ashoka Buildcon:* Company issued commercial papers of Rs 500 Million (Neutral)

*LIC:* Company cuts stake in HDFC AMC to 2.88% from 4.9% from July 1 to August 29 (Neutral)

*Brainbees Solutions:* Net loss at Rs 56.7 cr vs loss of Rs 90.1 cr, Revenue at Rs 1650 cr vs Rs 1410 cr (YoY) (Neutral)

*Axis Bank:* Company proposes to raise funds up to Rs 40 Billion via NCDS (Neutral)

*Aditya Birla Capital:* completes 50% stake sale of Aditya Birla Insurance Brokers to Samara Capital arm Edme Services. (Neutral)

*NBCC:* Bonus issue announced in the ratio 1:2. Record date: Oct 7. (Neutral)

*Dr Reddy:* National Medical Products Administration China has suspended the import, sale, and use of the Company’s Atomoxetine Hydrochloride Capsules effective Aug 30. (Neutral)

*Maharashtra EPC:* Bags order worth Rs 14.36 Cr (Neutral)

*IOC:* Commercial LPG price increased by Rs 39/cylinder (Neutral)

*NMDC:* Dantewada (Chhattisgarh) administration imposes Rs 1,620.5 Cr penalty on NMDC for violations (Negative)

*MOIL:* Company cuts prices of Ferro-Grade Manganese Ores with Manganese content of Mn-44% and above by 20%. (Negative)

*Tata Motors:* Total Sales At 71,693 Units Vs 78,010 Units (YoY) Est 74, 300 units (Negative)

Stocks Picker Articles

30 Aug 2024 04:47

*Fund Houses Recommendations*


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

MS on *BPCL:* Maintain Overweight on Company, raise target price at Rs 410/Sh (Positive)

MS on *IOC:* Maintain Overweight on Company, raise target price at Rs 205/Sh (Positive)

Bernstein on *Bharti Airtel:* Maintain Outperform on Company, raise target price at Rs 1740/Sh (Positive)

Citi on *Bharti Hexa:* Initiate Buy on Company, target price at Rs 1405/Sh (Positive)

Investec on *Sunteck:* Maintain Buy on Company, raise target price at Rs 765/Sh (Positive)

NB on *HUDCO:* Maintain Buy on Company, raise target price at Rs 375/Sh (Positive)

NOMURA on *Lupin:* Maintain Buy on Company, raise target price at Rs 2427/Sh (Positive)

Nuvama on *Reliance Ind:* Maintain Buy on Company, raise target price at Rs 3786/Sh (Positive)

Nomura on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3600/Sh (Positive)

Jefferies on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3500/Sh (Positive)

MOSL on *Reliance Ind:* Maintain Buy on Company, target price at Rs 3435/Sh (Positive)

CLSA on *Reliance Ind:* Maintain Outperform on Company, target price at Rs 3300/Sh (Positive)

Macquarie on *TVS Motors:* Maintain Outperform on Company, raise target price at Rs 3051/Sh (Positive)

Macquarie on *Hero Motocorp:* Maintain Outperform on Company, raise target price at Rs 5967/Sh (Positive)

Macquarie on *Bajaj Auto:* Maintain Neutral on Company, raise target price at Rs 10248/Sh (Neutral)

Macquarie on *Eicher Motors:* Maintain Neutral on Company, raise target price at Rs 4573/Sh (Neutral)

Macquarie on *Reliance Ind:* Maintain Neutral on Company, target price at Rs 2750/Sh (Neutral)

Macquarie on *United Spirits:* Maintain Underperform on Company, target price at Rs 1100/Sh (Neutral)

Jefferies on *Real Estate:* Residential sales slow in June-July; Transient volume weakness (Neutral)

Bernstein on *India Strategy:* Bharti Airtel, Adani Ports and Axis Bank move out of portfolio (Neutral)

JP Morgan on *Emcure:* Initiate Neutral on Company, target price at Rs 1470/Sh (Neutral)

Stocks Picker Articles

30 Aug 2024 04:46

*Stocks in News*


*Kaynes Tech:* Company inaugurates electronics manufacturing facility in Hyderabad (Positive)

*GE Shipping:* Company contracts to sell 2011-built Supramax dry bulk carrier. (Positive)

*Lupin:* Company launches Doxorubicin Hydrochloride Liposome Injection in single-dose vials in U.S. drug market. (Positive)

*NTPC:* Company commissioning of first part capacity of 160 mw out of 320 mw Bhainsara solar PV project. (Positive)

*Genus Power:* Company has incorporated following five wholly-owned step-down subsidiarie. (Positive)

*ITI:* Company gets order to supply 500 sets of electronic voting machines. (Positive)

*NLC India:* Company to enter into JVA between co and Rajasthan Rajya Vidyut Utpadan Nigam via unit for setting up of lignite based thermal power station. (Positive)

*Marine Electricals:* Company got order worth Rs 41.7 million from Schneider electric India. (Positive)

*IREDA:* Company Secures International Credit Rating from M/s. S&P Global Ratings Limited assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IREDA, with Outlook ‘Stable’.. (Positive)

*RVNL/Patel Eng:* Companies signed MoU to create a supportive framework for synergizing Hydro and Infrastructure Projects in India and abroad (Positive)

*CDSL:* Company gets SEBI approval for appointment of Nehal Vora as MD & CEO of the company (Positive)

*Infosys:* Company announces expansion of collaboration with NVIDIA for AI-powered, customer-centric solutions. (Positive)

*Amber Ent:* Small Cap World Fund Inc bought 1.85 lk shares at Rs 4522.45 (Positive)

*Globus Spirits/ BCL/ Gulshan:* Govt permitted the sale of up to 2.3 million tonnes of rice from Food Corporation of India (FCI) (Positive)

*Sugar stocks:* Government removes cap on supply of sugarcane juice/syrup, B molasses, C molasses for production of ethanol. (Positive)

*Infosys:* Company announced the expansion of its collaboration with Nvidia for AI-powered, customer-centric solutions to drive innovation and operational excellence for telcos (Positive)

*Lemon Tree:* Company said it has signed a licence agreement for a new property in Ayodhya, Uttar Pradesh. (Positive)

*ICICI Lombard:* Market share gains in Motor and Health will continue. (Positive)

*JSW Steel:* Company update on acquisition of up to 66.67% economic interest in m res NSW HCC PTY, transaction for sale of ILLAWARRA metallurgical coal by south32 completed. (Neutral)

*Anant Raj:* Company board approved the acquisition of 100% equity shares of Sheetij properties pvt ltd (Neutral)

*Manappuram Finance:* Fitch Ratings affirms Manappuram Finance at 'BB-', outlook stable. (Neutral)

*Jai Corp:* Company approved buyback of shares worth up to Rs 1.18 billion via tender offer route, buyback price of 400 rupees per share (Neutral)

*SJS Enterprises:* Company enters agreement with Sunsource energy, Suryaurja one, Agreement for supply of up to 3 MWP of solar power for Rs 10.5 million. (Neutral)

*LIC:* Company gets GST demand order of Rs 610 cr for FY20 (Neutral)

*Samaan Capital:* Company’s board approves raising up to Rs 30,000 crore via NCDs. (Neutral)

*Techno craft:* Company’s buyback to open on September 2, close on September 6 (Neutral)

*Shipping Corp:* Company gets GST demand and penalty order worth Rs 160 Cr from Mumbai tax authority (Neutral)

*GPT Infra projects:* Company approved allocation of shares at Rs 174.64 per share via QIP. (Neutral)

*Steel exchange India:* Company issue of convertible warrants for up to Rs 999 million. (Neutral)

*Kernex Microsystems:* Company says cyber- security incident occurred on 28 august. (Neutral)

*CL Educate:* Company approved the acquisition of digital examination worth Rs 230 Cr. (Neutral)

*Spicejet:* Due to operational reasons, few spicejet flights from Dubai were cancelled, Company says all our scheduled flights from Dubai are now operating as planned – RTRS. (Neutral)

Stocks Picker Articles

29 Aug 2024 05:43

*Corporate Actions*

Vaishali Pharma has approval of sub-division/split of 1 equity share having face value of INR 10 each, into 5 equity shares of INR 2 each, subject to approval of the Members of the Company. The Board of Directors has recommended the issuance of Bonus Shares in the ratio of 1:1 i.e. 1 new Equity Share of ₹ 2/- each for every 1 existing Equity Share of ₹ 2/- each to the eligible Shareholders of the Company.

*Dividend*

*29-Aug-24*
RADIANTCMS: Final Dividend - Rs. - 2.50
IGPL: Final Dividend - Rs. - 7.50
JAMNAAUTO: Final Dividend - Rs. - 1.30
MULTIBASE: Final Dividend - Rs. - 3.00
PDMJEPAPER: Dividend - Rs. - 0.60
HONDAPOWER: Final Dividend - Rs. - 17.50
AMJLAND: Dividend - Rs. - 0.20
CLEAN: Final Dividend - Rs. - 3.00

*30-Aug-24*
GANESHHOUC: Final Dividend - Rs. - 11.00
NATFIT: Dividend - Rs. - 1.50
TVSSRICHAK: Dividend - Rs. - 47.34
NCC: Dividend - Rs. - 2.20
ROHLTD: Final Dividend - Rs. - 2.50
MOIL: Final Dividend - Rs. - 2.55
PFC: Interim Dividend - Rs. - 3.25
KAMAHOLD: Interim Dividend - Rs. - 16.00
QUICKHEAL: Final Dividend - Rs. - 3.00
KAJARIACER: Final Dividend - Rs. - 6.00
NAVA: Interim Dividend - Rs. - 4.00
JGTL: Dividend - Rs. - 2.50
OIL: Final Dividend - Rs. - 2.50
POEL: Final Dividend - Rs. - 2.50
SHYAMMETL: Final Dividend - Rs. - 2.70
ITDC: Final Dividend - Rs. - 2.52
DAICHI: Final Dividend - Rs. - 2.00
SARDAEN: Final Dividend - Rs. - 1.00
JSL: Final Dividend - Rs. - 2.00
SALZERELEC: Dividend - Rs. - 2.50
CAREERP: Interim Dividend - Rs. - 1.00
PREVEST: Final Dividend - Rs. - 1.00
UFLEX: Dividend - Rs. - 1.00
JTLIND: Final Dividend - Rs. - 0.25
VIJAYA: Final Dividend - Rs. - 1.00
SUYOG: Final Dividend - Rs. - 1.25
BIRLAPREC: Final Dividend - Rs. - 0.05
SRD: Final Dividend - Rs. - 0.05

*IPO*
Premier Energies: 27-Aug-24; Close: 29-Aug-24
ECOS (India) Mobility & Hospitality: 28-Aug-24; Close: 30-Aug-24
Baazar Style Retail: 30-Aug-24; Close: 03-Sep-24

*Buyback*
Indian Toners & Developers: Ex-Date: 30-Aug-24
Weizmann: Ex-Date: 30-Aug-24
Nucleus Software Exports: Ex-Date: 03-Sep-24
Arex Industries: Ex-Date: 06-Sep-24
Chaman Lal Setia Exports: 23-Aug-24; Close: 29-Aug-24
AIA Engineering: 26-Aug-24; Close: 30-Aug-24
Symphony: 27-Aug-24; Close: 02-Sep-24
Mayur Uniquoters: 29-Aug-24; Close: 04-Sep-24
VLS Finance: 30-Aug-24; Close: 05-Sep-24

*Bonus*
VST Industries: Bonus Issue 10:1; Ex-Date: 30-Aug-24
Garment Mantra Lifestyle: Bonus Issue 1:1; Ex-Date: 03-Sep-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 28-Sep-24

*Stock Split*
Bondada Engineering: Stock Split From Rs.10/- to Rs.2/-; Ex-Date: 02-Sep-24
Sapphire Foods India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 05-Sep-24
Andhra Paper: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Sep-24
Sportking India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Sep-24

*Right Issue*
Vishvprabha Ventures: Ex-Date: 06-Sep-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

29 Aug 2024 04:48

*Fund Houses Recommendations*


UBS on *PFC:* Initiate Buy on Company, target price at Rs 670/Sh (Positive)

UBS on *REC:* Initiate Buy on Company, target price at Rs 720/Sh (Positive)

Investec on *JSFB:* Initiate Buy on Company, target price at Rs 725/Sh (Positive)

Ventura on *PayTM:* Maintain Buy on Company, target price at Rs 1170/Sh (Positive)

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

CLSA on *Adani Ports:* Maintain Outperform on Company, target price at Rs 1764/Sh (Positive)

MS on *HCL Tech:* Maintain Overweight on Company, target price at Rs 1705/Sh (Positive)

Citi on *Aptus:* Maintain Buy on Company, target price at Rs 358/Sh (Positive)

Jefferies India Strategy: *Amber, V Guard, Bluestar* are key picks (Positive)

HSBC on Credit Cards: Credit card spending growth increased to 19% YoY in July 2024; (Positive)

UBS on *PayTM:* Maintain Neutral on Company, target price at Rs 490/Sh (Neutral)

Jefferies on *PayTM:* Maintain Hold on Company, target price at Rs 420/Sh (Neutral)

Citi on *AU Small Bank:* Maintain Neutral on Company, raise target price at Rs 684/Sh (Neutral)

Stocks Picker Articles

29 Aug 2024 04:24

*Stocks in News*


*Sonata Software:* Company gets multi-year, multi-million dollar IT outsourcing contract from US-based healthcare and Wellness Company (Positive)

*Wipro:* Company collaborates with Dell Tech to strengthen enterprise AI-ready platform. (Positive)

*Transformers & Rectifiers:* Company Gets Export Order of USD 14 million from Linxon Global Sweden (Positive)

*Paytm:* Paytm Payment Services Limited (PPSL) gets FDI approval. (Positive)

*Reliance Ind:* CCI Approves Combination Involving RIL, Viacom18 Media, Digital18 Media, and Star India & Star Television. (Positive)

*Lemon tree hotels:* Company signs a new property in Ujjain, Madhya Pradesh (Positive)

*Vedanta:* Company to consider third interim dividend on September 2. (Positive)

*L&T:* Company’s semiconductor subsidiary signs accord with C-DAC. (Positive)

*Genus Power:* Company wins orders worth Rs. 4,469.04 cr. (Positive)

*NLC India:* NLCIL signs power usage agreement to supply 200 MW of green power to Telangana state. (Positive)

*Jyoti Structure:* Contract worth ₹105.57 Crores for supply of towers for a 765 kV Transmission Line from a leading Private Developer. (Positive)

*Global Vectra:* Vijay Kedia increased stake to 4.86% from 2.92% (Positive)

*DCX Systems:* Company secures a purchase order of US$ 22 Mn (Positive)

*VLS Finance:* Company to buyback 33 lakh shares (9.48% eq) of the company for up to ₹125 cr at ₹380/sh (Positive)

*Mirc Electronics:* Board Meeting on Sept 2 to Consider Fund Raise via Rights Issue. (Positive)

*HCL tech:* Aims to increase bookings run rate to $2.3-2.5 bn from $2 bn at present (Positive)

*KEC International:* Company bags ₹1,171 crore transmission and distribution orders in Middle East (Positive)

*Nalco:* Company joint venture KABIL signs MoU with Oil India for mineral exploration. (Positive)

*Macrotech Developers:* Company said it's planning to acquire 100% equity stakes in two companies. (Positive)

*Godfrey Phillips:* Samir Modi emphasizes protecting shareholder value over familial disputes, open to business sale. (Neutral)

*Goa carbon:* Company announced temporary shutdown of bilaspur and paradeep units for modificational works (Neutral)

*Varun Beverages:* Company Acquired 10.91% Stake in Huoban Energy 11 by Investing Rs 29 million. (Neutral)

*HPCL:* Company Issue of Non-convertible Debentures on Private Placement Basis for Rs 25 billion (Neutral)

*Power Grid Corp:* Company acquired BHADLA-III power transmission ltd, deal for Rs 64.2 million, entity being acquired belongs to power transmission industry. (Neutral)

*Varroc Engineering:* Company appoints Dr Karl-Heinz Glander as the head of research and development for business, before joining varroc (Neutral)

*Wipro:* Company signed agreement to subscribe for equity share capital in Huoban energy 11, Company completed its subscription in equity share capital of HEPL. (Neutral)

*IndiGo:* Gangwal selling up to $804 million stake in IndiGo via block, floor price Rs 4593 per share (Neutral)

*PB Fintech:* Tencent likely to sell 97 lakh shares (2.1% stake) worth ₹1,610 cr, floor price Rs 1660.2 per share (Neutral)

*Tata Steel:* Company acquired shares worth Rs 2,347.81 cr in t steel holdings PTE, post this acquisition, TSHP will continue to be a wholly owned subsidiary of the company. (Neutral)

*Adani Group:* Set to invest Rs 3,500 crore in two major projects in Madhya Pradesh. (Neutral)

*IREDA:* CMD Pradip Kumar Das says that the company is looking at various fundraising options, including OFS or QIP. (Neutral)

*SBI:* Bank raises Rs 7,500 crore via 15-year tier-II bond. (Neutral)

*PDSL:* Company successfully raises up to Rs 430 crore via QIP. (Neutral)

*Piramal Enterprises:* Board Meeting On Sept 2 to Consider Issue of Non-convertible Debenture Worth Upto 1 Bln Rupees (Neutral)

*HPCL:* Company says Issue of Non-convertible Debentures on Private Placement Basis for 25b Rupees (Neutral)

Stocks Picker Articles

28 Aug 2024 05:18

*Forthcoming Event*

28th August: GILLETTE, KMSMEDI, HMAAGRO to consider Dividend; Vaishali Pharma to consider Bonus issue; Avro India, Shree Hari Chemicals Export, Gujarat Apollo Industries, Patel Integrated Logistics, Agro Tech Foods to consider Fund Raising; J Taparia Projects to consider Stock Split

29th August: PGHH, TEMBO to consider Dividend; Antarctica, Indian Renewable Energy Development Agency, Interactive Financial Services, Kiri Industries, Madhav Infra Projects, Rose Merc., Steel Exchange India, Sammaan Capital to consider Fund Raising; Jai Corp to consider Buyback

30th August: Kiduja India to consider Stock Split; Grovy India to consider Bonus issue; Fortis Healthcare to consider Fund Raising; Insecticides (India) to consider Buyback

31st August: Ashiana Ispat to consider Fund Raising; NBCC (India) to consider Bonus issue

02nd September: Sumit Woods to consider Fund Raising

03rd September: Humming Bird Education to consider Stock Split; Bannari Amman Spinning Mills to consider Fund Raising

Stocks Picker Articles

28 Aug 2024 04:52

*Fund Houses Recommendations*


Jefferies on *Zydus Life:* Upgrade to Buy on Company, raise target price at Rs 1450/Sh (Positive)

Bernstein on *DMart:* Initiate Outperform on Company, target price at Rs 6300/Sh (Positive)

Bernstein on *TRENT:* Initiate Outperform on Company, target price at Rs 8100/Sh (Positive)

Bernstein on *Jubilant Food:* Initiate Outperform on Company, target price at Rs 800/Sh (Positive)

Bernstein on *Devyani Int:* Initiate Outperform on Company, target price at Rs 210/Sh (Positive)

Bernstein on *Sapphire:* Initiate Market perform on Company, target price at Rs 1700/Sh (Positive)

UBS on *Bharti Airtel:* Maintain Neutral on Company, raise target price at Rs 1595/Sh (Positive)

UBS on *Vodafone:* Maintain Buy on Company, raise target price at Rs 19/Sh (Positive)

UBS on *Indus Towers:* Maintain Neutral on Company, raise target price at Rs 440/Sh (Positive)

CLSA on *Indusind Bank:* Maintain Outperform on Bank, target price at Rs 1800/Sh (Positive)

MOSL on *Blue Dart:* Maintain Buy on Company, target price at Rs 9500/Sh (Positive)

Citi on *L&T FH:* Maintain Buy on Company, target price at Rs 221/Sh (Positive)

NB on *USL:* Upgrade to Buy on Company, raise target price at Rs 1725/Sh (Positive)

Bernstein on *Financials:* HDFCB, IndusInd, Axis Bank as Outperform; ICICI, KMB and SBI as Market-Perform (Positive)

Goldman Sachs on Autos: August 2024 (3M rolled) indicates that 2Ws grew +9% YoY, while PVs remained flat YoY. *M&M and Ashok Ley* market share improved (Positive)

Bernstein on *AB Fashion:* Initiate Underperform on Company, target price at Rs 270/Sh (Neutral)

Bernstein on *West Life:* Initiate Underperform on Company, target price at Rs 700/Sh (Neutral)

Axis on *Indigo:* Downgrade to Add on Company, raise target price at Rs 5100/Sh (Neutral)

Nuvama on *LTTS:* Maintain Hold on Company, raise target price at Rs 5200/Sh (Neutral)

Emkay on *Zee Ent:* Maintain Reduce on Company, target price at Rs 150/Sh (Neutral)

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

Bernstein on *Kotak Mahindra Bank:* See KMB as the worst placed (Negative)

Stocks Picker Articles

28 Aug 2024 04:48

*Stocks in News*


*NBCC:* Company to consider the proposal for issue of bonus shares on August 31, 2024 (Positive)

*Wipro:* Company collaborates with Dell Tech to strengthen enterprise AI-ready platform. (Positive)

*Shriram Properties:* Company gives an early exit to ask property fund in “Shriram pristine estates”, Company says stronger project performance resulted in a successful exit in less than 18 Months (Positive)

*REC:* Company signed non-binding MOU with Jawaharlal Nehru port authority, pact for financing up to Rs 450 billion for upcoming projects of JNPA. (Positive)

*Infibeam Avenue:* Company AI arm introduces women safety feature in 'AI Facility Manager' for CCTVs (Positive)

*Apollo Micro Systems:* Company wins an order worth Rs 16.63 crore (Positive)

*PNC Infratech:* Company declared lowest bidder for a project worth ₹380 Cr from #NHAI. (Positive)

*Godrej Agrovet:* Company completes acquisition of 49% stake in Arm Godrej Tyson foods from Tyson India Holdings. (Positive)

*Gensol Engineering:* Company launches U.S. subsidiary Scorpion Trackers, targets 2,000 MW annual supply by 2028. (Positive)

*Shilpa Medicare:* Bortezomib injection, approved by U.S. FDA is approved for subcutaneous or intravenous use. (Positive)

*Rolex Rings:* SBI Mutual Fund, 3 others pick up 2.9% stake in Rolex Rings for 196 cr. (Positive)

*Awfis Space:* Signs largest managed aggregation deal of 3 lakh sq. ft. with Nyati Group (Positive)

*Zodiac:* Company has been awarded its First Order from Africa Region worthh USD $ 10,83,720 (Positive)

*Zydus Life:* Receives USFDA approval for drug used for treatment of Parkison's disease (Positive)

*Siemens:* Company gets Indian regulator’s nod for Mpox test kit (Positive)

*Insecticides India:* Board to mull share buyback on Aug 30. (Positive)

*UPL:* Acquired the remaining 20% stake in PT Excel for $6.9 million (Positive)

*Imagicaa:* Company commences operations of captive solar power plant established at cost of around Rs 41 crore. (Positive)

*Ambuja Cements:* FTSE Russell increases Ambuja Cements' weightage in FTSE All-World Index to 32.41% from 29.65%. (Positive)

*IndusTowers:* Promoter Bharti Airtel's stake in company will increase to around 50% post completion of buyback. (Positive)

*Deep Ind:* Credit rating upgrade on Long Term/ Short Term Bank Facilities by CARE Ratings. (Positive)

*Roto Pumps:* Subsidiary received order worth Rs 11.89 cr from Ali and Sons Oilfield Equipment Manufacturing UAE. (Positive)

*Indostar:* Company sold a significant portion of its stressed book to Pridhvi Asset Reconstruction and Securitisation Company Limited (Positive)

*EPack:* Company acquires additional stake of 1.43 cr shares in Epavo Electricals Private Limited for 14.35 cr (Neutral)

*Tarc:* Company receives approval in respect of extension of payment of scheduled redemption amount of `200 Crore till September 30, 2024. (Neutral)

*Jio Financial Services:* Company increases its holding in Jio Payments Bank from 78.95% to 82.17%. (Neutral)

*ICICI Prudential Life:* Company gets GST demand, interest & penalty order worth ₹429 crore. (Neutral)

*LTIMindtree:* Company files petition challenging Rs 378 cr tax demand (Neutral)

*Skipper:* Company approves raising up to Rs 600 crore via equity and debt. (Neutral)

*Pasupati Acrylon:* Company plant for acrylic fiber has been temporarily shut down for a period of three weeks to carry out the regular maintenance activities (Neutral)

*Zomato/Paytm:* Zomato completes acquisition of Paytm subsidiaries WEPL & OTPL for entertainment ticketing business. (Neutral)

*RVNL:* Company to provide MSDAC with existing DCTC at stations for Southern Railways. (Neutral)

*Kajaria Ceramics:* Company approved increase in limits of investment in unit to Rs 300 million. (Neutral)

*YES Bank:* Amit Sureka, Country Head Financial Markets ceases to be part of senior management of Bank (Neutral)

Stocks Picker Articles

27 Aug 2024 05:28

Forthcoming Event

27th August: SPCAPIT, TIRUFOAM to consider Dividend; Asian Energy Services, Jet Freight Logistics, Asian Energy Services, Jet Freight Logistics, Paras Defence and Space Technologies, Skipper, Spandana Sphoorty Financial, SPML Infra, Vipul Organics to consider Fund Raising; Arex Industries to consider Buyback; Svarnim Trade Udyog to consider Scheme of Arrangement

28th August: GILLETTE, KMSMEDI, HMAAGRO to consider Dividend; Vaishali Pharma to consider Bonus issue; Avro India, Shree Hari Chemicals Export, Gujarat Apollo Industries, Patel Integrated Logistics, Agro Tech Foods, to consider Fund Raising; J Taparia Projects to consider Stock Split

29th August: PGHH, TEMBO to consider Dividend; Antarctica, Indian Renewable Energy Development Agency, Interactive Financial Services, Kiri Industries, Madhav Infra Projects, Rose Merc., Steel Exchange India, Sammaan Capital to consider Fund Raising; Jai Corp to consider Buyback

30th August: Kiduja India to consider Stock Split; Grovy India to consider Bonus issue

31st August: Ashiana Ispat to consider Fund Raising

02nd September: Sumit Woods to consider Fund Raising

03rd September: Humming Bird Education to consider Stock Split; Bannari Amman Spinning Mills to consider Fund Raising

Stocks Picker Articles

27 Aug 2024 04:40

Stock in Action

KEC International Ltd.: KEC International, a global infrastructure Engineering, Procurement and Construction (EPC) major, recently secured new orders worth Rs. 1,079 crores in Transmission & Distribution (T&D) and Cables businesses. In the T&D sector, the company secured an order from a leading private developer in India to construct 765 kV/400 kV transmission lines and a 230/132 kV transmission line contracts in Saudi Arabia and Oman. It also received an upgradation order for an existing 400 kV transmission line in the United Arab Emirates and order to supply towers, hardware and poles in Americas. In the cables segment, KEC secured orders for supply of various types of cables in India and overseas. As per management, the significant orders across Saudi Arabia, Oman and the UAE have substantially expanded the company’s International T&D order book in the Middle East. With these orders, the year-to-date order intake has surpassed Rs 8,700 crores, reflecting an impressive growth of almost 60% compared with last year. KEC International reported strong Q1 results with revenue from operations of Rs. 4,512 crore rising 6.3% YoY. EBITDA of Rs 294 crore witnessed YoY growth of 20.3%. EBITDA margin continued to strengthen, increasing 70 basis points YoY to 6.5% in Q1 FY25. PAT more than doubled YoY to Rs. 87.58 crore. Positive on KEC International given a good 1QFY25 performance, strong order book position and efforts to capitalize on the multi decadal growth opportunities in the T&D, Civil, Urban Infrastructure, Renewables and Railways segments.

Tata Consultancy Services: Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions, seems well-poised to benefit in the upcoming period after Fed Chairmen, Jerome Powell, last week signaled that it is likely to cut interest rates in September. TCS derives significant share of its revenues from the United States and a rate cut by the Fed will prove to be a positive for the company. The IT sector behemoth reported a stellar Q1FY25 performance with revenue from operations of Rs. 62,613 crore increasing 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. The company noted that all major markets returned to sequential growth and very strong double-digit growth in emerging markets. By vertical, almost all verticals returned to sequential growth led by Manufacturing (9.4% YoY), Energy, Resources & Utilities (5.7% YoY) and Life Sciences & Healthcare (4.0% YoY). Positive on TCS given its solid quarterly performance and an expected recovery in the IT sector in H2FY25.

Stocks Picker Articles

27 Aug 2024 04:39

*Stocks in News*


*Ceigall:* Net Profit at Rs 79.4 crore versus Rs 44.2 crore, Revenue at Rs 820 crore versus Rs 650 crore YoY (Positive)

*KPI Green Energy:* Company arm wins orders for 13.30 MW solar projects. (Positive)

*Sameera Ind:* Company approved Issue of Bonus Shares in Ratio Of 4:1. (Positive)

*Jai Corp:* Company gets intimation of merger of promoter Pet Fibers with Mega Pipes (Positive)

*EFC Limited:* Company secures Design and Build Contract with Tata Consultancy Services. (Positive)

*UCAL:* Company signs MOU with Blaer motors Pvt ltd for collaborative product design and development on motor controller (Positive)

*Exhicon:* Company has acquired a 76% majority stake in Perfect Octave Limited for a total consideration of INR 8.52 crores (Positive)

*QMS Medical:* Company board meeting on AUG 29 to consider the proposal for fund raising. (Positive)

*Ultratech cement:* Company announced that it has successfully raised US$500 million through a sustainability-linked loan with participation from six banks. (Positive)

*Solar stocks:* By June 2024, India's total installed solar capacity reached 87.2 GW. (Positive)

*Oil upstream stocks:* Crude jumped overnight as Libya Eastern government says it will stop all oil production and exports. (Positive)

*GRM Overseas:* Company launched strategic platform 10X Ventures. (Positive)

*Raymond:* Company targets CAGR of 12-15%/16-17% in revenue/EBITDA, over FY24-28 (Positive)

*Medi Assist:* Company to acquire 100% stake in Paramount TPA of equity value of Rs 400cr (Positive)

*Rama Steel:* EBISU Global Opportunities Fund bought 3 cr shares at Rs 10 (Positive)

*Interarch Building:* BOFA Securities Europe SA bought 1.3 lk shares at `1,287.75 (Positive)

*AU Small Bank:* Morgan Stanley, SocGen pick stake while Fincare Business sells 1.7 pc stake for Rs 803 cr (Positive)

*HCL Tech:* Company and Xerox extend agreement to drive innovation with AI and digital engineering. (Positive)

*Bondada:* Company said it has been awarded a contract valued at ₹576 crore to execute solar power projects across various districts in Maharashtra. (Positive)

*Vascon Engineers:* Company plans to boost its real-estate business over the next two years. (Positive)

*Adani Power:* Company incorporates wholly-owned subsidiary Adani Power Middle East in Abu Dhabi. (Neutral)

*Repro India:* Ashish Kacholia sold 75,000 shares at Rs 62. (Neutral)

*Fusion Micro:* CRISIL has revised outlook of the company from Stable to Negative Rating Reaffirmed at Crisil A+ (Neutral)

*Paytm:* Company issued clarification that news is not a new development, previously disclosed, Paytm reaffirms compliance & transparency. (Neutral)

*PI Industries:* Company names Sanjay Agarwal as group CFO, effective from 26th, AUG, 2024 (Neutral)

*Vijaya Diagnostic:* Sheshadri Vasan resigns as COO of company, effective November 6. (Neutral)

*Saurashtra Cement:* Company kiln situated at the Ranavav plant Gujarat was under shut down for the annual maintenance from AUG 2 for about 25 days (Neutral)

*GPT Infra:* Company launches QIP, sets floor price at ₹183.83/sh (Neutral)

*Insurance companies:* IRDAI calls for affordable insurance premiums amid surging prices (Neutral)

*Bank of Baroda:* Bank issued the 10-year bonds at competitive rate as participants expected cutoff rate of around 7.32–7.34%. (Neutral)

*Vishnu Chemicals:* Visakhapatnam plant to be shut for scheduled maintenance for two weeks. (Neutral)

*HDFC Bank:* Partners with Zeta for credit line on UPI offerings (Neutral)

*Glnad Pharma:* Qiyu Chen shall cease to continue as a director of the company. (Neutral)

*Yes Bank:* Sumit Bali appointed as conuntry head-retail assets (Neutral)

*Zydus Life:* Clarifies THAT impact factored in sales/ebitda expectations for FY25 (Neutral)

*Lemon Tree:* Company said it has signed an agreement for a new property in Ayodhya. (Neutral)

Stocks Picker Articles

26 Aug 2024 05:14

Corporate Actions

Transport Corporation of India has received approval from the Board of Directors for the buyback of up to 13,33,333 equity shares (1.72% of paid-up equity) for a total of Rs 159 crore at a price of Rs 1,200 per share. September 4 has been fixed as the record date.

Dividend

26-Aug-24
MANAPPURAM: Interim Dividend - Rs. - 1.00
DHRUV: Final Dividend - Rs. - 0.25
ZWELCAST: Final Dividend - Rs. - 2.50

27-Aug-24
KSE: Final Dividend - Rs. - 30.00
AMARJOTHI: Dividend - Rs. - 2.20
UNIDT: Final Dividend - Rs. - 1.20
WINDMACHIN: Final Dividend - Rs. - 0.50
KDDL: Final Dividend - Rs. - 4.00
MANORAMA: Final Dividend - Rs. - 0.40

28-Aug-24
HINDZINC: Interim Dividend - Rs. - 19.00
HAZOOR: Interim Dividend - Rs. - 2.00
DMCC: Final Dividend - Rs. - 1.00
INTLCOMBQ: Dividend - Rs. - 5.00
ASAHIINDIA: Final Dividend - Rs. - 2.00
FORCEMOT: Final Dividend - Rs. - 20.00
SIGACHI: Final Dividend - Rs. - 0.10
BAJAJST: Final Dividend - Rs. - 3.00
YUKEN: Final Dividend - Rs. - 1.50

29-Aug-24
RADIANTCMS: Final Dividend - Rs. - 2.50
IGPL: Final Dividend - Rs. - 7.50
JAMNAAUTO: Final Dividend - Rs. - 1.30
MULTIBASE: Final Dividend - Rs. - 3.00
PDMJEPAPER: Dividend - Rs. - 0.60
HONDAPOWER: Final Dividend - Rs. - 17.50
AMJLAND: Dividend - Rs. - 0.20
CLEAN: Final Dividend - Rs. - 3.00

IPO
Premier Energies: 27-Aug-24; Close: 29-Aug-24
ECOS (India) Mobility & Hospitality: 28-Aug-24; Close: 30-Aug-24
Baazar Style Retail: 30-Aug-24; Close: 03-Sep-24

Buyback
VLS Finance: Ex-Date: 26-Aug-24
KDDL: Ex-Date: 27-Aug-24
Technocraft Industries: Ex-Date: 27-Aug-24
Suprajit Engineering: Ex-Date: 27-Aug-24
Indian Toners & Developers: Ex-Date: 30-Aug-24
Weizmann: Ex-Date: 30-Aug-24
Nucleus Software Exports: Ex-Date: 03-Sep-24
Navneet Education: 20-Aug-24; Close: 26-Aug-24
TTK Prestige: 21-Aug-24; Close: 27-Aug-24
Cera Sanitaryware: 22-Aug-24; Close: 28-Aug-24
Savita Oil Technologies: 22-Aug-24; Close: 28-Aug-24
Dhanuka Agritech: 22-Aug-24; Close: 28-Aug-24
Chaman Lal Setia Exports: 23-Aug-24; Close: 29-Aug-24
AIA Engineering: 26-Aug-24; Close: 30-Aug-24

Bonus
VST Industries: Bonus Issue 10:1; Ex-Date: 30-Aug-24
Garment Mantra Lifestyle: Bonus Issue 1:1; Ex-Date: 03-Sep-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 28-Sep-24

Stock Split
Aditya Vision: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 27-Aug-24
Bondada Engineering: Stock Split From Rs.10/- to Rs.2/-; Ex-Date: 02-Sep-24
Sapphire Foods India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 05-Sep-24
Andhra Paper: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Sep-24
Sportking India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Sep-24

Right Issue
Modern Engineering: Ex-Date: 26-Aug-24
Vardhman Polytex: Ex-Date: 28-Aug-24
Vishvprabha Ventures: Ex-Date: 06-Sep-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

26 Aug 2024 05:09

Stock in Action

TVS Motor Company Ltd.: TVS Motor, a leading global automaker operating in the two and three wheeler segment, recently launched the all new TVS Jupiter 110. The scooter comes equipped with a next-gen engine and futuristic, first-in-segment features, including a spacious glove box, front fuel fill, a long seat, an all-in-one lock, a USB mobile charger, and the patented E-Z center stand. The company’s Director & CEO, KN Radhakrishnan, expects strong growth during the upcoming festive season and predicted a 15% plus growth rate, surpassing the industry’s anticipated 12% growth. He also mentioned that TVS Motor expects the scooter segment to grow and account for around 40% of the overall two-wheeler sales. He further added that TVS Motor is well prepared to deliver on all technologies including EVs, CNG, Hydrogen as per market demand. The company plans to launch a new EV platform and a three-wheeler vehicle in the second quarter. In 1QFY25, TVS Motor’s revenue from operations grew 2.5% QoQ and 16% YoY to Rs. 8,375.59 crore driven by healthy sales growth. EBITDA of Rs. 960.17 crores was the highest ever and rose 3.7% QoQ and 25.7% YoY . PAT increased 18.9% QoQ and 23.4% to Rs. 577.32 crore in the quarter. In July, the company recorded monthly sales grew 9% YoY. Positive on TVS Motor given its good set of 1QFY25 numbers, new launches aimed at capturing market share and an expected sales growth in the upcoming festive season.

Krsnaa Diagnostics: Krsnaa Diagnostics is ramping up its projects well and continues to deliver healthy margins. A foray into the B2C (business-to-consumer) segment will widen its addressable market, leading to more opportunities in the underpenetrated healthcare space. The Assam and Odisha projects, which commenced in Q3FY24 and Q2FY24, respectively, are showing promising demand traction. In Q1FY25, Krsnaa’s revenue grew by 22% YoY, and its EBITDA was up by 39% YoY, with a 26% margin, compared to 22.8% in the corresponding quarter last year. This improvement was primarily led by the ramp-up of newly established centers (less than 3 years old). In Q1FY25, Krsnaa operationalised 20 new CT scan centres and 375 pathology collection centres and is working towards stabilising the operations. It plans to install 7 more CT machines and 5 MRI machines by the end of FY25. FY25 is thus likely to see more radiology projects, and given the efficient ramp-up of the newly executed projects, the ongoing revenue growth trajectory should continue into the next fiscal year as well. Krsnaa is looking to scale up its presence in the B2C segment. It has started with home collections and has set up a private pathology lab in Mumbai, which would act as the central hub for nearby regions. Positive on Krsnaa Diagnostics given the ramp-up of new projects which would support the future revenue growth.