Stocks Picker Articles

09 Sep 2024 05:43

Corporate Actions

Gala Precision Engineering is set to make stock market debut today, September 9. The issue price is fixed at Rs. 529 per share.

Dividend

09-Sep-24
GSFC: Final Dividend - Rs. - 4.00
LUMAXIND: Final Dividend - Rs. - 35.00
LUMAXTECH: Final Dividend - Rs. - 5.50
GUJGASLTD: Final Dividend - Rs. - 5.66
NITINSPIN: Final Dividend - Rs. - 2.50
HISARMETAL: Final Dividend - Rs. - 1.00
LUHARUKA: Final Dividend - Rs. - 0.02
PREMIERPOL: Final Dividend - Rs. - 0.75
LAMBODHARA: Final Dividend - Rs. - 0.50
HARSHA: Final Dividend - Rs. - 1.00
STAR: Final Dividend - Rs. - 2.50
JOSTS: Final Dividend - Rs. - 2.00
STARHFL: Final Dividend - Rs. - 0.0750
CGCL: Final Dividend - Rs. - 0.15
WAAREERTL: Final Dividend - Rs. - 1.00
JINDWORLD: Final Dividend - Rs. - 0.20

10-Sep-24
VEDL: Interim Dividend - Rs. - 20.00
MANALIPETC: Dividend - Rs. - 0.75
MSTCLTD: Final Dividend - Rs. - 5.00
DAPS: Final Dividend - Rs. - 0.15
SYRMA: Final Dividend - Rs. - 1.50
NATPLASTI: Final Dividend - Rs. - 1.00

11-Sep-24
TVTODAY: Final Dividend - Rs. - 8.50
GICRE: Dividend - Rs. - 10.00
SNL: Final Dividend - Rs. - 7.00
FINPIPE: Final Dividend - Rs. - 2.50
UTTAMSUGAR: Final Dividend - Rs. - 2.50
AGI: Final Dividend - Rs. - 6.00
ACKNIT: Final Dividend - Rs. - 1.50
BCLIND: Final Dividend - Rs. - 0.25
SUBROS: Final Dividend - Rs. - 1.80
POCL: Final Dividend - Rs. - 5.00
SANDUMA: Final Dividend - Rs. - 1.00

IPO
Shree Tirupati Balajee Agro Trading Co.: 05-Sep-24; Close: 09-Sep-24
Bajaj Housing Finance: 09-Sep-24; Close: 11-Sep-24
Tolins Tyres: 09-Sep-24; Close: 11-Sep-24
Kross: 09-Sep-24; Close: 11-Sep-24
PN Gadgil Jewellers: 10-Sep-24; Close: 12-Sep-24

Buyback
Jai Corp: Ex-Date: 10-Sep-24
Insecticides (India): Ex-Date: 11-Sep-24
Indian Toners & Developers: 05-Sep-24; Close: 11-Sep-24
Weizmann: 05-Sep-24; Close: 11-Sep-24
Nucleus Software Exports: 09-Sep-24; Close: 13-Sep-24
Transport Corporation of India: 10-Sep-24; Close: 17-Sep-24

Bonus
Franklin Industries: Bonus Issue 1:1; Ex-Date: 09-Sep-24
Indo Cotspin: Bonus Issue 7:10; Ex-Date: 10-Sep-24
Acceleratebs India: Bonus Issue 3:5; Ex-Date: 12-Sep-24
Saksoft: Bonus Issue 1:4; Ex-Date: 19-Sep-24
RITES: Bonus Issue 1:1; Ex-Date: 20-Sep-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 28-Sep-24
NBCC India: Bonus Issue 1:2; Ex-Date: 07-Oct-24

Stock Split
Andhra Paper: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Sep-24
Varun Beverages: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 12-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
Ganesha Ecoverse: Ex-Date: 09-Sep-24
Vinny Overseas: 27-Aug-24; Close: 10-Sep-24
Orient Green Power Company: 27-Aug-24; Close: 13-Sep-24
Modern Engineering: 05-Sep-24; Close: 17-Sep-24
Ducon Infratechnologies: 12-Sep-24; Close: 19-Sep-24
Sru Steels: 09-Sep-24; Close: 24-Sep-24
Vardhman Polytex: 12-Sep-24; Close: 27-Sep-24
Oriental Trimex: 19-Sep-24; Close: 27-Sep-24
Akshar Spintex: 09-Sep-24; Close: 30-Sep-24
Patel Integrated Logistics: 19-Sep-24; Close: 01-Oct-24
Srivari Spices And Foods: 24-Sep-24; Close: 03-Oct-24
Synergy Green Industries: 23-Sep-24; Close: 04-Oct-24

Stocks Picker Articles

09 Sep 2024 04:52

*Fund Houses Recommendations*


Jefferies on *Zomato:* Maintain Buy on Company, raise target price at Rs 335/Sh (Positive)

UBS on *Shriram FIn:* Maintain Buy on Company, raise target price at Rs 3850/Sh (Positive)

Axis on *FSL:* Maintain Buy on Company, raise target price at Rs 360/Sh (Positive)

Axis on *ERIS:* Maintain Buy on Company, raise target price at Rs 1540/Sh (Positive)

MOSL on *PERSISTENT:* Maintain Buy on Company, raise target price at Rs 6300/Sh (Positive)

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

Goldman Sachs on Power: Draft Approved List of Models and Manufacturers (ALMM) for solar cells is positive for *Reliance and Tata Power* (Positive)

Jefferies on *JSW Group* Management Meet: India is at an upward inflection point, offering immense growth opportunities (Positive)

JP Morgan on IT: Tech spending across the top U.S. banks has accelerated over the last couple of quarters. *MPhasis, Coforge and TCS* are preferred companies (Positive)

CLSA on *IT:* Multiple headwinds for Indian IT are ignored in current valuations. Hold Call On *TCS, Infosys & HCLTech* (Neutral)

Morgan Stanley on MCX: Raised options volume forecast for FY25-FY27e by 12-25%, raise target price at Rs 2950/Sh (Neutral)

Citi on *Lupin:* Maintain Sell on Company, target price at Rs 1700/Sh (Neutral)

Citi on *Tata Tech:* Maintain Sell on Company, target price at Rs 945/Sh (Neutral)

Nomura on *Banks:* Rate Cuts a Sector RoA Dampener: A potential 50 basis points (bp) repo rate cut could negatively impact NIMs by 15-20bp for most large private banks (Negative)

Stocks Picker Articles

09 Sep 2024 04:36

*Stocks in News*


*Suven Pharma:* US FDA gets EIR from US FDA for Hyderabad-based manufacturing facility oa Arm Casper Pharma. (Positive)

*AMI Organics:* Japan medical regulator says Company's Surat manufacturing facility is 'good manufacturing practices' compliant (Positive)

*Deep Industries:* Company gets letter of award for Rs 1,402 crore project from ONGC (Positive)

*Britannia:* Company gets all requisite approvals for proposed capacity addition worth Rs 300 crore at its Ranjangaon plant (Positive)

*Indigo Paints:* HDFC Mutual Fund and Morgan Stanley Asia were among buyers of Indigo Paints shares. (Positive)

*IDBI Bank:* CARE has upgraded IDBI's rating from "CARE AA-/Stable" to "CARE AA/Stable" for
Basel III Compliant Tier II Bonds. (Positive)

*Silver Touch:* Infomerics upgraded rating for Long-term and the Short-term bank facilities. (Positive)

*SML Isuzu:* ICRA Limited upgraded the Long-term rating and the Short-term rating of the Company (Positive)

*Metro Brands:* Kotak Mahindra Mutual Fund bought 39.7 lakh shares in Metro Brands for Rs 1,260 apiece. (Positive)

*Thermax:* Company unit first energy has entered into share purchase agreement for acquisition of 100% of the equity share capital of Onix-Two Enersol shall become wholly owned step-down subsidiary of the company, (Positive)

*Ward wizard:* Company to form JV in Saudi Arabia for setting up two plants in the country (Positive)

*Associated alcohol:* Company to launch new product HILLFORT - premium blended malt whiskey. (Positive)

*Ion Exchange:* Company gets order worth Rs 168 crore from Italy-based Technimont for Hail & Ghasha Development Project in UAE (Positive)

*Swelect Energy:* Company board has given approval for proposed investment by unit to establish solar roof top power generating plants under energy sales model. (Positive)

*Reliance Infra:* Plans to make Electric Cars and batteries for electric cars. (Positive)

*HUL:* Company board discussed prospects for Company’s ice cream business (Positive)

*Jio Financial:* Company incorporates JV Jio BlackRock Investment Advisers with BlackRock Advisors Singapore (Positive)

*RBM Infracon:* Company receives order worth ₹3,498 Cr including ₹3,371 Cr for crude and ₹127 cr for gas at Nandej from Oil & Natural Gas Corporation (Positive)

*Mazagon Dock:* Company bags order worth ₹1,486 cr from Oil & Natural Gas Corporation. (Positive)

*Radico Khaitan:* Company launches 2 new single malts under Rampur Jugalbandi series (Positive)

*Nazara Tech:* Company buys 48.42% in Paperboat for ₹300 Cr. (Positive)

*KIMS:* Company announces lease and operations and Management agreement with Sree Chand Specialty Hospital (Positive)

*Spicejet:* Company and Carlyle Aviation Management enter debt restructuring agreement. (Positive)

*GE T&D:* Company resumes operations at its Vadodara plant in Gujarat. (Neutral)

*Transport Corporation of India:* Buyback to open on September 10, close on September 17 (Neutral)

*Poonawala:* Dhiraj Saxena tenders resignation as Chief Technology Officer of company (Neutral)

*Maruti Suzuki:* Company offers discounts of up to ₹50,000 on some models in September (Neutral)

*Adani Power:* Company completes acquisition of Lanco Amarkantak Power (Neutral)

*Suzlon Energy:* Company completes acquisition of 51% stake in Renom Energy Services (Neutral)

*AU Small Finance Bank:* Bank partners with United India Insurance for general insurance solutions. (Neutral)

*JSW Energy:* Company issues corporate guarantee of up to Rs 450 crore to JSW Energy (Utkal) (JSWEUL), a subsidiary of the company. (Neutral)

*Spandana Sphoorty:* Company approved issuance of non-convertible debentures worth Rs 1 billion on private placement basis. (Neutral)

*Credit Access Grameen:* Nilesh Dalvi appointed as CFO effective on 6th, September, 2024 (Neutral)

*Mangalore Chemicals:* Company has shut down the ammonia and urea plants for replacement reformer catalyst (Neutral)

Stocks Picker Articles

06 Sep 2024 05:46

Forthcoming Event

06th September: PANORAMA to consider Dividend; Arihant Capital Markets, Sandur Manganese & Iron Ores, DJ Mediaprint & Logistics, Gensol Engineering, Spandana Sphoorty Financial, Davangere Sugar Company, GACM Technologies to consider Fund Raising

07th September: Muthoot Capital Services, Uma Exports to consider Fund Raising; Ujaas Energy to consider Bonus issue

09th September: PNB Housing Finance, Semac Consultants, Tembo Global Industries to consider Fund Raising

10th September: Camlin Fine Sciences, Narmada Agrobase to consider Fund Raising

12th September: BAJAJHLDNG, MAHSCOOTER to consider Dividend

Stocks Picker Articles

06 Sep 2024 05:45

Corporate Actions

Baazar Style Retail is set to make stock market debut today, September 6. The issue price is fixed at Rs. 389 per share.

Reliance Industries has approved issue of bonus shares in the ratio of 1:1 i.e. 1 new equity share of ₹ 10/- each for every 1 existing equity share of ₹ 10/- each.

Vivid Mercantile has approved to Split Equity Share of the Company from Rs.10/- to Rs.1/- equity share subject to shareholder approval.

Matrimony.Com approved the proposal of buyback of 7,02,439 equity shares, at a buy back price of ₹1,025 per Equity Share, of an amount not exceeding ₹ 720 Million, through the “tender offer” route, on a proportionate basis.

Dividend

06-Sep-24
UNIENTER: Dividend - Rs. - 5.70
GNFC: Final Dividend - Rs. - 16.50
AHLEAST: Final Dividend - Rs. - 2.50
GUJINTRX: Final Dividend - Rs. - 10.00
KVFORGE: Final Dividend - Rs. - 2.00
KRBL: Final Dividend - Rs. - 4.00
JAGSNPHARM: Final Dividend - Rs. - 5.00
GSPL: Dividend - Rs. - 5.00
SMRUTHIORG: Final Dividend - Rs. - 1.50
NDLVENTURE: Final Dividend - Rs. - 1.00
PERFEPA: Final Dividend - Rs. - 1.00
VTL: Final Dividend - Rs. - 4.00
NIACL: Final Dividend - Rs. - 2.06
SMLISUZU: Final Dividend - Rs. - 16.00
SCILAL: Final Dividend - Rs. - 0.66
QUESS: Final Dividend - Rs. - 6.00
VSSL: Final Dividend - Rs. - 2.00
ALUFLUOR: Final Dividend - Rs. - 3.00
MEDIASSIST: Final Dividend - Rs. - 4.00
PPAP: Final Dividend - Rs. - 1.25
GNA: Final Dividend - Rs. - 2.00
PROTEAN: Final Dividend - Rs. - 10.00
CHEMCRUX: Final Dividend - Rs. - 1.00
AZTEC: Interim Dividend - Rs. - 0.50
AAATECH: Final Dividend - Rs. - 0.50
NAHARCAP: Dividend - Rs. - 1.50
STERTOOLS: Final Dividend - Rs. - 2.00
NAHARPOLY: Dividend - Rs. - 1.00
SIKA: Final Dividend - Rs. - 10.00
NBCC: Final Dividend - Rs. - 0.63
HPIL: Final Dividend - Rs. - 0.50
NAHARSPING: Dividend - Rs. - 1.00
TRIVENI: Final Dividend - Rs. - 1.25
AGARIND: Final Dividend - Rs. - 3.00
ALFREDHE: Final Dividend - Rs. - 4.00
TRITONV: Dividend - Rs. - 10.00
TATVA: Final Dividend - Rs. - 2.00
SCI: Dividend - Rs. - 0.50
TRITURBINE: Final Dividend - Rs. - 1.30
METROBRAND: Final Dividend - Rs. - 2.25
PHOENIXTN: Final Dividend - Rs. - 0.25
VHL: Final Dividend - Rs. - 5.00
SENCO: Final Dividend - Rs. - 1.00
ZENTEC: Final Dividend - Rs. - 1.00
RESPONIND: Final Dividend - Rs. - 0.10
ECLERX: Final Dividend - Rs. - 1.00

09-Sep-24
LUMAXIND: Final Dividend - Rs. - 35.00
LUMAXTECH: Final Dividend - Rs. - 5.50
GUJGASLTD: Final Dividend - Rs. - 5.66
NITINSPIN: Final Dividend - Rs. - 2.50
HISARMETAL: Final Dividend - Rs. - 1.00
LUHARUKA: Final Dividend - Rs. - 0.02
PREMIERPOL: Final Dividend - Rs. - 0.75
LAMBODHARA: Final Dividend - Rs. - 0.50
STAR: Final Dividend - Rs. - 2.50
HARSHA: Final Dividend - Rs. - 1.00
JOSTS: Final Dividend - Rs. - 2.00
STARHFL: Final Dividend - Rs. - 0.0750
CGCL: Final Dividend - Rs. - 0.15
WAAREERTL: Final Dividend - Rs. - 1.00
JINDWORLD: Final Dividend - Rs. - 0.20

IPO
Shree Tirupati Balajee Agro Trading Co.: 05-Sep-24; Close: 09-Sep-24
Bajaj Housing Finance: 09-Sep-24; Close: 11-Sep-24
Tolins Tyres: 09-Sep-24; Close: 11-Sep-24
Kross: 09-Sep-24; Close: 11-Sep-24
PN Gadgil Jewellers: 10-Sep-24; Close: 12-Sep-24

Buyback
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
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
Indian Toners & Developers: 05-Sep-24; Close: 11-Sep-24
Weizmann: 05-Sep-24; Close: 11-Sep-24

Bonus
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
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

Stocks Picker Articles

06 Sep 2024 04:49

*Fund Houses Recommendations*


GS on *SBI Cards:* Upgrade to Buy on Company, raise target price at Rs 913/Sh (Positive)

GS on *Aavas Financiers:* Upgrade to Buy on Company, raise target price at Rs 2160/Sh (Positive)

GS on *Bharti Airtel:* Maintain Buy on Company, raise target price at Rs 1700/Sh (Positive)

Jefferies on *Bajaj Finance:* Maintain Buy on Company, raise target price at Rs 8410/Sh (Positive)

Jefferies on *M&M Finance:* Maintain Hold on Company, raise target price at Rs 315/Sh (Positive)

CLSA on *Prestige:* Maintain Outperform on Company, raise target price at Rs 2380/Sh (Positive)

DAM on *Marksans:* Initiate Buy on Company, target price at Rs 304/Sh (Positive)

CLSA on IT Sector: Upgrades *LTIM* to 'Overweight' rating (Positive)

Morgan Stanley says *ONGC* is top pick, followed by *HPCL & GAIL* (Positive)

UBS on *OMCs:* Integrated margins going strong; remain positive on IOCL and BPCL (Positive)

Citi *India Strategy:* Add *HUL* and *Bharti Hexa* in preferred list (Positive)

Citi *India Strategy:* FII Inflows have been net negative in most cases in the immediate 1m/3m following the commencement of a US rate cut cycle (Neutral)

Morgan Stanley on *Autos:* August Class 8 orders were weak seasonally and vs history – but less so than July (Neutral)

GS on *Vodafone Idea:* Maintain Sell on Company, target price at Rs 2.5/Sh (Neutral)

GS on *Indus Tower:* Downgrade to Sell on Company, raise target price at Rs 350/Sh (Neutral)

CLSA on IT Sector: Downgrades *HCL Tech* to 'Equal weight' rating (Neutral)

GS on *SBI:* Downgrade to Sell on company, cut target price at Rs 742/Sh (Negative)

Stocks Picker Articles

06 Sep 2024 04:48

*Stocks in News*


*Pidilite Industries:* Company enters into exclusive distribution agreement with Colltech group (Positive)

*Sumit woods:* Company selected as developer to redevelop a project, project offer gross development value of about Rs 500 cr, Market Cap of the Company is Rs 440 cr. (Positive)

*Jindal Stainless:* Company supplied stainless steel for Vande Bharat sleeper coaches. (Positive)

*Wipro:* Company gets enlisted by JFK International Air Terminal to meet sustainability targets (Positive)

*Sundaram-Clayton:* Company has commissioned the commercial production of aluminum die castings situated in the industrial area of the state industries promotion corporation of Tamil Nadu (Positive)

*Vivanta Industries:* Company has entered into partnership agreement with Marut drone tech for doing business of drones in Gujarat territory. (Positive)

*Colgate-Palmolive:* Company launches a new product in addition to its visible white range, the visible white purple toothpaste (Positive)

*Ashoka Buildcon:* Company has been apprised by unit viva highways, that the land owned by it under its real estate portfolio, situated at hinjewadi, pune, has been monetized at a total consideration of Rs 453 crore (Positive)

*Shakti Pumps:* Company and IIT Delhi secure milestone patent for innovative irrigation technology, Company receives 15 patent for ground breaking sensorless motor drive technology (Positive)

*Suven Pharmaceuticals:* Company approves merger of Casper Pharma with company (Positive)

*Matrimony:* Company approves Rs 72 crore share buyback at 27% premium (Positive)

*Honeywell Automation:* Commissions Microgrid Battery Storge system in India for Solar Energy Corp. (Positive)

*KEC International:* Company gets orders worth ₹1,423 cr for design, supply & installation of 380 kV transmission lines in Saudi Arabia (Positive)

*Apar Ind:* Revision in ratings of Long Term Bank Facilities from “A+” to “AA“, Outlook Stable (Positive)

*GNA Axles:* Memorandum of Family Settlement (MFS) having been entered into amongst the members of the GNA Family (Positive)

*NLC India:* Vesting order was issued for NLCIL's Second Commercial Coal Block and the Biggest among the NLCIL's Mining Projects, Machhakata (Positive)

*VST Ind:* Company has received in-principle approval to issue bonus shares in a 10:1 ratio, granting 10 new shares for every 1 existing share. (Positive)

*Thangamayil:* Chandramogan bought 3,53,353 shares at 2,140.00/sh (Positive)

*Dreamfolks:* Introduces its latest service, highway dining for travellers. (Positive)

*Poonawalla Fincorp:* Board approves allotment of NCD aggregating to Rs 425 crore, through private placement. (Neutral)

*Finolex Cables:* Ratnakar Barve to replace Nikhil Naik as Chairman of Company (Neutral)

*Oswal agro mills:* Company acquired 4.85% stake of Oswal greentech; deal for Rs 51.07 per share (Neutral)

*Rashtriya chemicals and fertilizers:* Company approved issue of non-convertible debentures worth Rs 14 billion via private placement basis (Neutral)

*Aditya Birla fashion:* Company approved allotment of 55.7 million shares to eligible shareholders of TCNS clothing. (Neutral)

*Brigade:* Company announces closure of its institutional share sale through which it has managed to raise ₹1,500 crore. (Neutral)

*Bharat Forge:* North America Class 8 truck orders remain below seasonal expectations. (Neutral)

*Mrs Bectorfood:* Company launches QIP to raise up to ₹400 cr, indicative issue price at ₹1,550/sh. (Neutral)

*Indigo Paints:* Peak Partners Likely To Sell 11% Stake Of Indigo Paints Via Block Deals (Neutral)

*Nucleus Software:* Company to buy back up to 4.48 lakh shares (1.67% equity) for ₹72.4 crore at ₹1,615/share. The buyback opens on September 9 & closes on September 13. (Neutral)

*Ola Elec:* Anchor lock-in period end date for 50% shares (30 Days) is today. (Neutral)

*KPIT:* Merger of Future Mobility Solutions GmbH with KPIT Technologies GmbH has been approved (Neutral)

Stocks Picker Articles

05 Sep 2024 05:47

*Corporate Actions*

*Dividend*

*05-Sep-24*
GULFOILLUB: Final Dividend - Rs. - 20.00
SHETR: Dividend - Rs. - 1.00
JAYBARMARU: Final Dividend - Rs. - 0.70
IRCON: Final Dividend - Rs. - 1.30
NIITLTD: Final Dividend - Rs. - 0.75
RHIM: Final Dividend - Rs. - 2.50
HERANBA: Final Dividend - Rs. - 1.25
BLS: Final Dividend - Rs. - 0.50
PRITHVIEXCH: Final Dividend - Rs. - 0.50
JBMA: Final Dividend - Rs. - 1.50
SILVERTUC: Final Dividend - Rs. - 0.50
JWL: Final Dividend - Rs. - 0.30

*06-Sep-24*
UNIENTER: Dividend - Rs. - 5.70
GNFC: Final Dividend - Rs. - 16.50
AHLEAST: Final Dividend - Rs. - 2.50
GUJINTRX: Final Dividend - Rs. - 10.00
KVFORGE: Final Dividend - Rs. - 2.00
KRBL: Final Dividend - Rs. - 4.00
JAGSNPHARM: Final Dividend - Rs. - 5.00
GSPL: Dividend - Rs. - 5.00
SMRUTHIORG: Final Dividend - Rs. - 1.50
NDLVENTURE: Final Dividend - Rs. - 1.00
PERFEPA: Final Dividend - Rs. - 1.00
VTL: Final Dividend - Rs. - 4.00
NIACL: Final Dividend - Rs. - 2.06
SMLISUZU: Final Dividend - Rs. - 16.00
SCILAL: Final Dividend - Rs. - 0.66
QUESS: Final Dividend - Rs. - 6.00
VSSL: Final Dividend - Rs. - 2.00
ALUFLUOR: Final Dividend - Rs. - 3.00
MEDIASSIST: Final Dividend - Rs. - 4.00
PPAP: Final Dividend - Rs. - 1.25
GNA: Final Dividend - Rs. - 2.00
PROTEAN: Final Dividend - Rs. - 10.00
CHEMCRUX: Final Dividend - Rs. - 1.00
AZTEC: Interim Dividend - Rs. - 0.50
AAATECH: Final Dividend - Rs. - 0.50
NAHARCAP: Dividend - Rs. - 1.50
STERTOOLS: Final Dividend - Rs. - 2.00
NAHARPOLY: Dividend - Rs. - 1.00
SIKA: Final Dividend - Rs. - 10.00
NBCC: Final Dividend - Rs. - 0.63
HPIL: Final Dividend - Rs. - 0.50
NAHARSPING: Dividend - Rs. - 1.00
TRIVENI: Final Dividend - Rs. - 1.25
AGARIND: Final Dividend - Rs. - 3.00
ALFREDHE: Final Dividend - Rs. - 4.00
TRITONV: Dividend - Rs. - 10.00
TATVA: Final Dividend - Rs. - 2.00
SCI: Dividend - Rs. - 0.50
TRITURBINE: Final Dividend - Rs. - 1.30
METROBRAND: Final Dividend - Rs. - 2.25
PHOENIXTN: Final Dividend - Rs. - 0.25
VHL: Final Dividend - Rs. - 5.00
SENCO: Final Dividend - Rs. - 1.00
ZENTEC: Final Dividend - Rs. - 1.00
RESPONIND: Final Dividend - Rs. - 0.10
ECLERX: Final Dividend - Rs. - 1.00


*IPO*
Shree Tirupati Balajee Agro Trading Co.: 05-Sep-24; Close: 09-Sep-24
Bajaj Housing Finance: 09-Sep-24; Close: 11-Sep-24
Tolins Tyres: 09-Sep-24; Close: 11-Sep-24
Kross: 09-Sep-24; Close: 11-Sep-24
PN Gadgil Jewellers: 10-Sep-24; Close: 12-Sep-24

*Buyback*
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
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
Indian Toners & Developers: 05-Sep-24; Close: 11-Sep-24
Weizmann: 05-Sep-24; Close: 11-Sep-24

*Bonus*
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*
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*
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

Stocks Picker Articles

05 Sep 2024 04:36

*Fund Houses Recommendations*

*Kunvarji: Fund Houses Recommendations* 


JP Morgan on *Zomato:* Maintain Overweight on Company, raise target price at Rs 304/Sh (Positive)

Jefferies on *Indigo:* Maintain Buy on Company, target price at Rs 5225/Sh (Positive)

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

GS on *AU SFB:* Initiate Buy on Company, target price at Rs 831/Sh (Positive)

GS on *Chola Invest:* Initiate Buy on Company, target price at Rs 1786/Sh (Positive)

HSBC on *UPL:* Maintain Buy on Company, raise target price at Rs 680/Sh (Positive)

HSBC on *PI Ind:* Maintain Buy on Company, raise target price at Rs 5000/Sh (Positive)

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

Morgan Stanley on *India Strategy:* India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday (Positive)

UBS on *Gas companies:* Gas-based power plants back to low utilisation (Neutral)  

HSBC on *Bayer:* Maintain Hold on Company, cut target price at Rs 6300/Sh (Neutral)

HSBC on *Rallis:* Maintain Reduce on Company, target price at Rs 251/Sh (Neutral)

HSBC on *BHEL:* Maintain Reduce on Company, target price at Rs 72/Sh (Neutral)

HSBC on *Tata Power:* Maintain Reduce on Company, target price at Rs 300/Sh (Neutral)

HSBC on *Power Grid:* Maintain Reduce on Company, target price at Rs 270/Sh (Neutral)

HSBC on *NTPC:* Maintain Reduce on Company, target price at Rs 355/Sh (Neutral)

HSBC on *Spice Jet:* Maintain Reduce on Company, target price at Rs 26/Sh (Neutral)

Kotak on *Uno Minda:* Downgrade to Sell on company, cut target price at Rs 970/Sh (Negative)
JP Morgan on *Zomato:* Maintain Overweight on Company, raise target price at Rs 304/Sh (Positive)

Jefferies on *Indigo:* Maintain Buy on Company, target price at Rs 5225/Sh (Positive)

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

GS on *AU SFB:* Initiate Buy on Company, target price at Rs 831/Sh (Positive)

GS on *Chola Invest:* Initiate Buy on Company, target price at Rs 1786/Sh (Positive)

HSBC on *UPL:* Maintain Buy on Company, raise target price at Rs 680/Sh (Positive)

HSBC on *PI Ind:* Maintain Buy on Company, raise target price at Rs 5000/Sh (Positive)

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

Morgan Stanley on *India Strategy:* India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday (Positive)

UBS on *Gas companies:* Gas-based power plants back to low utilisation (Neutral)

HSBC on *Bayer:* Maintain Hold on Company, cut target price at Rs 6300/Sh (Neutral)

HSBC on *Rallis:* Maintain Reduce on Company, target price at Rs 251/Sh (Neutral)

HSBC on *BHEL:* Maintain Reduce on Company, target price at Rs 72/Sh (Neutral)

HSBC on *Tata Power:* Maintain Reduce on Company, target price at Rs 300/Sh (Neutral)

HSBC on *Power Grid:* Maintain Reduce on Company, target price at Rs 270/Sh (Neutral)

HSBC on *NTPC:* Maintain Reduce on Company, target price at Rs 355/Sh (Neutral)

HSBC on *Spice Jet:* Maintain Reduce on Company, target price at Rs 26/Sh (Neutral)

Kotak on *Uno Minda:* Downgrade to Sell on company, cut target price at Rs 970/Sh (Negative)

Stocks Picker Articles

04 Sep 2024 05:31

Forthcoming Event

04th September: CIL Nova Petrochemicals, Retro Green Revolution, Best Agrolife to consider Fund Raising

05th September: AARTECH to consider Dividend; Jonjua Overseas, Rashtriya Chemicals and Fertilizers, Titan Intech, Welspun Enterprises, Crown Lifters, Indo Thai Securities, Aditya Birla Fashion and Retail, Patel Integrated Logistics to consider Fund Raising; Reliance Industries to consider Bonus issue; UH Zaveri, Vivid Mercantile to consider Stock Split; Matrimony.Com to consider Buyback

06th September: PANORAMA to consider Dividend; Arihant Capital Markets, Sandur Manganese & Iron Ores, DJ Mediaprint & Logistics, Gensol Engineering, Spandana Sphoorty Financial, Davangere Sugar Company, GACM Technologies to consider Fund Raising

07th September: Uma Exports to consider Fund Raising

12th September: BAJAJHLDNG, MAHSCOOTER to consider Dividend

Stocks Picker Articles

04 Sep 2024 05:31

Corporate Actions

Ecos India Mobility & Hospitality is set to make stock market debut today, September 4. The issue price is fixed at Rs. 334 per share.

The Government of India will be selling a 6.78% stake (including a greenshoe option of 3.39%) in General Insurance Corporation of India via an offer-for-sale (OFS) on September 4-5. The OFS will open for non-retail investors on September 4, while retail investors and employees can participate on September 5. The floor price has been set at Rs 395 per share.

Humming Bird Education has approved the proposal of Sub-Division/ Split of existing 1 Equity Share of face value of Rs. 10/- each into 10 Equity Shares of Rs. 1/- each, subject to the approval of the Members of the Company and other authorities.

New Light Apparels has approved stock split (sub-division of equity shares) of Company''s 01 equity share of face value of Rs. 10/- each into 10 equity shares of face value of Rs. 01/- each, subject to the approval of shareholders to be obtained at the AGM and other approvals as may be required.

Dividend

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

05-Sep-24
GULFOILLUB: Final Dividend - Rs. - 20.00
SHETR: Dividend - Rs. - 1.00
JAYBARMARU: Final Dividend - Rs. - 0.70
IRCON: Final Dividend - Rs. - 1.30
NIITLTD: Final Dividend - Rs. - 0.75
RHIM: Final Dividend - Rs. - 2.50
HERANBA: Final Dividend - Rs. - 1.25
BLS: Final Dividend - Rs. - 0.50
PRITHVIEXCH: Final Dividend - Rs. - 0.50
JBMA: Final Dividend - Rs. - 1.50
SILVERTUC: Final Dividend - Rs. - 0.50
JWL: Final Dividend - Rs. - 0.30

06-Sep-24
UNIENTER: Dividend - Rs. - 5.70
GNFC: Final Dividend - Rs. - 16.50
AHLEAST: Final Dividend - Rs. - 2.50
GUJINTRX: Final Dividend - Rs. - 10.00
KVFORGE: Final Dividend - Rs. - 2.00
KRBL: Final Dividend - Rs. - 4.00
JAGSNPHARM: Final Dividend - Rs. - 5.00
GSPL: Dividend - Rs. - 5.00
SMRUTHIORG: Final Dividend - Rs. - 1.50
NDLVENTURE: Final Dividend - Rs. - 1.00
PERFEPA: Final Dividend - Rs. - 1.00
VTL: Final Dividend - Rs. - 4.00
NIACL: Final Dividend - Rs. - 2.06
SMLISUZU: Final Dividend - Rs. - 16.00
SCILAL: Final Dividend - Rs. - 0.66
QUESS: Final Dividend - Rs. - 6.00
VSSL: Final Dividend - Rs. - 2.00
ALUFLUOR: Final Dividend - Rs. - 3.00
MEDIASSIST: Final Dividend - Rs. - 4.00
PPAP: Final Dividend - Rs. - 1.25
GNA: Final Dividend - Rs. - 2.00
PROTEAN: Final Dividend - Rs. - 10.00
CHEMCRUX: Final Dividend - Rs. - 1.00
AZTEC: Interim Dividend - Rs. - 0.50
AAATECH: Final Dividend - Rs. - 0.50
NAHARCAP: Dividend - Rs. - 1.50
STERTOOLS: Final Dividend - Rs. - 2.00
NAHARPOLY: Dividend - Rs. - 1.00
SIKA: Final Dividend - Rs. - 10.00
NBCC: Final Dividend - Rs. - 0.63
HPIL: Final Dividend - Rs. - 0.50
NAHARSPING: Dividend - Rs. - 1.00
TRIVENI: Final Dividend - Rs. - 1.25
AGARIND: Final Dividend - Rs. - 3.00
ALFREDHE: Final Dividend - Rs. - 4.00
TRITONV: Dividend - Rs. - 10.00
TATVA: Final Dividend - Rs. - 2.00
SCI: Dividend - Rs. - 0.50
TRITURBINE: Final Dividend - Rs. - 1.30
METROBRAND: Final Dividend - Rs. - 2.25
PHOENIXTN: Final Dividend - Rs. - 0.25
VHL: Final Dividend - Rs. - 5.00
SENCO: Final Dividend - Rs. - 1.00
ZENTEC: Final Dividend - Rs. - 1.00
RESPONIND: Final Dividend - Rs. - 0.10
ECLERX: Final Dividend - Rs. - 1.00


IPO
Gala Precision Engineering: 02-Sep-24; Close: 04-Sep-24
Shree Tirupati Balajee Agro Trading Co.: 05-Sep-24; Close: 09-Sep-24
Bajaj Housing Finance: 09-Sep-24; Close: 11-Sep-24
Tolins Tyres: 09-Sep-24; Close: 11-Sep-24
Kross: 09-Sep-24; Close: 11-Sep-24

Stocks Picker Articles

04 Sep 2024 04:49

*Fund Houses Recommendations*


Citi on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8257/Sh (Positive)

HSBC on *Honasa Consumer:* Maintain Buy on Company, raise target price at Rs 570/Sh (Positive)

Macquarie on *Westlife:* Maintain Buy on Company, target price at Rs 940/Sh (Positive)

Citi on *RR Kabel:* Maintain Buy on Company, target price at Rs 2300/Sh (Positive)

MS on *GSPL:* Upgrade to Equal weight on Company, raise target price at Rs 452/Sh (Positive)

MS on *PI Ind:* Upgrade to Equal weight on Company, raise target price at Rs 4300/Sh (Positive)

MS on *Deepak NTR:* Maintain Overweight on Company, raise target price at Rs 3295/Sh (Positive)

Jefferies on *Supreme Ind:* Maintain Buy on Company, target price at Rs 6520/Sh (Positive)

Equirus on *Jubilant Ingrevia:* Maintain Buy on Company, raise target price at Rs 900/Sh (Positive)

Emkay on *KEC Int:* Maintain Add on Company, raise target price at Rs 1050/Sh (Positive)

Investec on *Azad Eng:* Initiate Buy on Company, target price at Rs 1850/Sh (Positive)

Antique maintains a Buy on *HAL, BEL, Bharat Dynamics, Mazagaon Dock & Garden Reach*. (Positive)

Jefferies on Industrials: *Siemens, HAL And L&T* are top picks (Positive)

Macquarie on *Bajaj Finance:* Maintain Underperform on Company, target price at Rs 6300/Sh (Neutral)

Jefferies on *Astral:* Maintain Hold on Company, target price at Rs 2115/Sh (Neutral)

HSBC on *Thermax:* Maintain Buy on Company, target price at Rs 2400/Sh (Neutral)

MS on Banks: Large Private to Do Better and See Higher Relative Valuations. *ICICI, Kotak, & Axis* Remain Key Pick With Marginal Target Cut (Neutral)

MS on *Bank Baroda:* Maintain Equal Weight on Bank, cut target price at Rs 265/Sh (Neutral)

MS on *SBI:* Maintain Equal Weight on Bank, cut target price at Rs 800/Sh (Neutral)

MS on *Federal Bank:* Downgrade to Underweight on Bank, cut target price at Rs 185/Sh (Negative)

MS on *RBL Bank:* Maintain Underweight on Bank, cut target price at Rs 210/Sh (Negative)

MS on *PNB:* Maintain Underweight on Bank, cut target price at Rs 73/Sh (Negative)

MS on *Bank India:* Maintain Underweight on Bank, cut target price at Rs 110/Sh (Negative)

MS on *Canara Bank:* Maintain Underweight on Bank, cut target price at Rs 83/Sh (Negative)

MS on *Aarti Ind:* Downgrade to Underweight on Company, cut target price at Rs 568/Sh (Negative)

Stocks Picker Articles

03 Sep 2024 05:34

Forthcoming Event

03rd September: HIMTEK, RELIABLE to consider Dividend; Humming Bird Education, New Light Apparels to consider Stock Split; Authum Investment & Infrastructure, Bannari Amman Spinning Mills, Cranex, Harshil Agrotech, Mercury Trade Links, Parle Industries, Shangar Decor to consider Fund Raising; Exhicon Events Media Solutions to consider Dividend & Fund Raising

04th September: CIL Nova Petrochemicals, Retro Green Revolution, Best Agrolife to consider Fund Raising

05th September: AARTECH to consider Dividend; Jonjua Overseas, Rashtriya Chemicals and Fertilizers, Titan Intech, Welspun Enterprises, Crown Lifters, Indo Thai Securities, Aditya Birla Fashion and Retail, Patel Integrated Logistics to consider Fund Raising; Reliance Industries to consider Bonus issue; UH Zaveri, Vivid Mercantile to consider Stock Split; Matrimony.Com to consider Buyback

06th September: PANORAMA to consider Dividend; Arihant Capital Markets, Sandur Manganese & Iron Ores, DJ Mediaprint & Logistics to consider Fund Raising

07th September: Uma Exports to consider Fund Raising

12th September: BAJAJHLDNG, MAHSCOOTER to consider Dividend

Stocks Picker Articles

03 Sep 2024 05:04

Stock in Action

Indian Hume Pipe Co. Ltd. Indian Hume Pipe Co. Ltd., established in 1926, is a leading manufacturer of Hume pipes and other cement-based products in India. Indian Hume Pipe specialises in the manufacturing, laying, and jointing of pipelines. The company is also involved in infrastructure development projects, executing turnkey water supply initiatives. With decades of expertise, it has played a significant role in infrastructure development, particularly in water management projects. In its Q1 FY25 results, Indian Hume Pipe reported a net profit of Rs 31.16 crore, a substantial increase from the Rs 8.51 crore recorded in Q1 FY24. Net sales also grew by 5% Y-o-Y, reaching Rs 364.14 crore rupees for the quarter. The company has recently secured a significant order worth Rs 828 crore from Tapi Irrigation Development Corporation in Jalgaon, Maharashtra. The newly secured order encompasses engineering, procurement, and construction services, along with trial runs, testing, and commissioning of a gravity-piped distribution network. This network is designed to irrigate a 26,907-hectare area under the Jamphal Dam as part of the Sulwade Jamphal Kanoli lift irrigation project in Dhule district. Positive on Indian Hume Pipe company given the such huge orders and consistent performances, it can demonstrate excellent growth in the future.

Vedanta Ltd: Vedanta reported good set of 1QFY25 performance with 5.7% increase in revenue mainly driven by favourable prices across segments. EBITDA soared by 54.9% YoY to Rs 9,945 crore. EBITDA margin expanded 890 bps YoY on account of structural cost saving initiatives across businesses. The company reported robust growth in profitability driven by enhanced operational efficiencies and steady growth in businesses. Going ahead, the company is expected to maintain margin growth on falling cost of production. Also, favourable market conditions and strategic expansions are expected to aid its future growth. Vedanta’s aluminium, zinc, lead and silver businesses are expected to drive revenue growth in the near term on the back of favourable output commodity prices. With its cost-efficient strategies, the company is expected to maintain sustainable profitability, further supported by a reduction in input costs. In addition, a reduction in debt, strategic expansions and capital expenditures should boost its performance in the long term. Positive on Vedanta ltd. given the good set of 1QFY25 performance.

Stocks Picker Articles

03 Sep 2024 04:39

*Stocks in News*


*HAL:* Cabinet Committee on Security approves procurement of 240 aero-engines for IAF’s Su-30 MKI aircraft from HAL worth ₹26,000 crore (Positive)

*Matrimony* .com: Company to consider proposal for buy back on September 5 (Positive)

*G R Infraprojects:* Company to divest 100% equity stake/investment held in unit GE Aligarh Kanpur Highway, co approved acquisition of 100% stake in unit tumkur-ii rez power transmission (Positive)

*Adani Green:* Board approved the joint venture agreement subsidiary and Total Energies pursuant to which, Total Energies will make further investment of approx. USD 444 Mn to form a new 50:50 JV to house a 1,150 MWac portfolio. (Positive)

*Welspun Corp:* Company’s board approves investment of $100 million by arm Welspun Pipes. (Positive)

*Vedanta:* Company declares dividend of Rs 20 per share. (Positive)

*Lemon Tree:* Company signs license pact for 80-room hotel in Gir, Gujarat. (Positive)

*CIE Automotive:* Company to subscribe up to 27% of equity of IJYA renewables India and invest an amount up to Rs 25.5 million towards subscription of its equity shares (Positive)

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

*Maruti:* August production at 168,953 vs 165,402 (YoY) (Positive)

*Kanoria Chemicals:* Company completed expansion of formaldehyde production capacity at ankleshwar, production of additional capacity of 345 MT per day to start SEPT 6. (Positive)

*Triveni Engineering:* Company eyes margin expansion after govt revises ethanol production norms (Positive)

*Muthoot Finance:* Company's Microfinance arm Belstar Microfinance gets SEBI’s approval to launch its IPO (Positive)

*Gensol Engineering:* Consortium emerges lowest bidder for green hydrogen project worth ₹164 crore (Positive)

*IEX:* Subsidiary has entered into an "issuer agreement" with the International Tracking Standard Foundation and Evident EV Ltd (Positive)

*Bajaj Finance/Finserve:* Bajaj Housing FInance sets IPO price band at Rs 66-70/share. (Positive)

*Medi Assist:* Bessemer India likely to sell stock worth up to $64 m of Medi Assist at ₹570/sh (7.7% discount to CMP). (Neutral)

*Hindustan Composites:* Company to buy 1.5 lakh Swiggy shares for Rs 5 crore. (Neutral)

*Zee Entertainment:* Shiva chinnasamy appointed as chief technology & product officer. (Neutral)

*Piramal enterprises:* Company approved issue of non-convertible debentures up to Rs 1 billion. (Neutral)

*MIRC Electronics:* Company approved raising of funds via issuance of shares worth Rs 500 million, Company says raising of funds through right issue basis. (Neutral)

*Concord Control:* Company approved preferential issue of shares worth up to Rs 500 million (Neutral)

*Adani Power:* Supreme Court seeks response from Himachal Pradesh on Adani Power’s ₹280 crore refund claim. (Neutral)

*RITES:* Company received an order from the SGST with a tax demand totalling ₹38.3 crore. (Neutral)

*IREDA:* Company aims to complete fundraise process within two-three months. (Neutral)

*Vodafone Idea:* Company receives Rs 73 crore demand orders from GST offices for tax dues, penalties, and interest. (Neutral)

*Brigade Enterprises:* Company approves floor price of QIP at Rs 1,164.7/share. (Neutral)

*Brainbees:* Approves further invests Rs 105 crore in Frootle India & Rs 1.05 crore in Wellspire India. (Neutral)

*HDFC Bank:* Copthall Mauritius Investment offloaded 10.2 lakh shares at Rs 1,636.9 each. (Neutral)

*Sterlite Tech:* Company settles Singapore dispute with Data Management Centre for $467,400. (Neutral)

*NMDC:* Production Down 10% At 3.07 mt Vs 3.41 mt (YoY) (Negative)

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

Stocks Picker Articles

09 Sep 2024 05:07

Stock in Action

Fiem Industries: The recent surge in demand for 2Ws, Fiem Industries is on track for a significant improvement in its financial outlook. The rising dominance of LED lights, acquisition of new clients, expansion of existing client relationships, and the growing popularity of electric vehicles (EVs) enhance Fiem’s potential as a strong long-term investment. Moreover, the company's entry into the passenger vehicle LED light segment is anticipated to further strengthen its financial performance. It successfully delivered the first product for Mercedes and also received the second order for the development of headlamp and tail lamp for the new project. The management expects the revenue contribution from the segment to be in double digits in the next 3-5 years against 2-3% now. Fiem, like other auto ancillary companies, is actively tapping the EV market. At present supplying to major EV OEMs, such as Ola and Okinawa, Fiem expects significant growth in this segment. Fiem has won orders for new models from TVS for its recently launched Apache RTR 310. It has also started supplying for the Royal Enfield new Classic 350 cc model which is fully equipped with LED lights where the content per vehicle is around Rs 2- 2.5x compared to conventional cost. In the EV segment, the company has secured contracts from several new customers, including names such as Raptee, Polaris, and Numerus. Positive on Fiem Industries as the company is on track to better its financial numbers.

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.

Stocks Picker Articles

09 Sep 2024 04:37

*Atul Auto:* Company invested Rs 20.03 cr in subsidiary namely Khushbu auto finance. (Neutral)

*Granules :* U.S. FDA completes its inspection at Granules’ plant in Hyderabad with six observations. (Neutral)

*LIC:* Company gets GST demand order worth Rs 114 crore including interest and penalty for FY21. (Neutral)

*Repco Home Finance:* L Lakshmi tenders resignation as CFO of Repco Home Finance, effective 6th, September, 2024 (Neutral)

*Godfrey Phillips:* Bina Modi re-appointed as MD of company for 5 years effective November 14. (Neutral)

*Gensol:* Company amends QIP issue size to Rs 750 crore from Rs 500 crore. (Neutral)

*Max Financial:* Max Ventures Investment sold 1.10 crore equity shares at Rs 1,107.37 apiece. (Neutral)

*Marico:* Company to acquire remaining 40% stake in Apcos Naturals for Rs 70 crore. (Neutral)

*Muthoot Capital:* Company Approved Issue and Allotment of NCDs worth Rs 50 cr (Neutral)

*Oil India:* Company joins the Oil & Gas Decarbonisation Charter (Neutral)

*HDFC Bank:* Raised the marginal cost of funds-based lending rate (MCLR) for 3-month tenure by 5 basis points. (Neutral)

*Tata Power:* Company awards contracts worth ₹11,481 crore to local suppliers. (Neutral)

*Shriram Finance:* Company plans to raise $1 billion from overseas in the next six months. (Neutral)

*Mining Stocks:* Iron ore falls below $90/tn for first time since November 2022. (Negative)

Stocks Picker Articles

07 Sep 2024 08:41

Happy Ganesh Chaturthi!

Stocks Picker Articles

06 Sep 2024 05:46

Right Issue
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

Stocks Picker Articles

06 Sep 2024 04:49

*Stock in Action*

*Concord Biotech:* Concord Biotech is a leading entity in the fermentation API space posted a top-line growth of 19% in FY24, aided by a foray into formulations. While growth in formulations dented gross margins, EBITDA margins improved, thanks to operating leverage and stable pricing. The management mentions that the recent softness in API business was due to the delay in regulatory approval for one of the products. After the approval, the company has already started exporting that product to Europe. Further, the new plant for API at Limbasi, Gujarat, is already seeing an increased offtake. The current utilisation here is at 38 percent and the company guides for a further ramp-up. Also, the company has a product pipeline of 8-10 molecules, which should get commercialised in the next 3-4 years. They include Fidaxomicin and Daptomycin (anti-infectives), and Epirubicin, Doxorubicin, Idarubicin, and Pirarubicin (oncology). This should help Concord maintain segmental sales break-up between API and formulations at a ratio of 80:20 in the medium run. While the first quarter of FY25 was seasonally lean, the coming quarters are expected to benefit from the ramp-up in newer plants. The main growth driver for the company in recent times has been the formulations business, which now constitutes 21% of sales, compared to 16 percent in the same quarter last year. *Positive on Concord Biotech given the sustainable financial performance.*

*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

06 Sep 2024 04:48

*Camlin Fine:* Board Meeting to be held on 10-Sep-2024 to consider and approve Increase in authorised capital/Fund raising (Neutral)

*Gensol:* Company has acquired 99.99% of Gridstor Energy Private Limited's equity shares, making it a wholly-owned subsidiary. (Neutral)

*GIC RE:* Company got bids for 1345323 shares vs 5951200 shares offered for retail. (Neutral)

*PNB Housing Finance:* Company to raise nearly ₹2,500 crore via NCDs on September 9. (Neutral)

*PayTM:* Govt is Likely To Impose 18% GST on Income of PGs for Transactions Below ₹2000. (Neutral)

*Mangalam Cement:* Company enters into purchase power agreement for Solar Power via SPV Suryadeep RJ1 Projects. (Neutral)

*Force Motors:* August’24 sales 2299 units vs August’23 units 3018. (Negative)

*Venus Pipes:* Directorate of Revenue Intelligence has conducted search at registered & corporate office of the company. (Negative)

Stocks Picker Articles

05 Sep 2024 05:47

*Forthcoming Event*

05th September: AARTECH to consider Dividend; Jonjua Overseas, Rashtriya Chemicals and Fertilizers, Titan Intech, Welspun Enterprises, Crown Lifters, Indo Thai Securities, Aditya Birla Fashion and Retail, Patel Integrated Logistics to consider Fund Raising; Reliance Industries to consider Bonus issue; UH Zaveri, Vivid Mercantile to consider Stock Split; Matrimony.Com to consider Buyback

06th September: PANORAMA to consider Dividend; Arihant Capital Markets, Sandur Manganese & Iron Ores, DJ Mediaprint & Logistics, Gensol Engineering, Spandana Sphoorty Financial, Davangere Sugar Company, GACM Technologies to consider Fund Raising

07th September: Muthoot Capital Services, Uma Exports to consider Fund Raising; Ujaas Energy to consider Bonus issue

09th September: PNB Housing Finance, Semac Consultants, Tembo Global Industries to consider Fund Raising

12th September: BAJAJHLDNG, MAHSCOOTER to consider Dividend

Stocks Picker Articles

05 Sep 2024 04:36

*Stock in Action*

*INDUSIND BANK Ltd.:* Indusind Bank loan strategy emphasizes careful navigation of the interest rate environment while managing growth across segments. A significant portion of the bank's loan portfolio is linked to the Marginal Cost of Funds-based Lending Rate (MCLR), with 15-16% of the portfolio tied to the External Benchmark based Lending Rate (EBLR). This positions the bank well to benefit from the potential rate cuts in 2HFY25. As a prudent strategy, the bank has moderated its growth in the MFI (micro finance) segment to avoid potential risks. The bank has consciously increased the mix of retail deposits over the past few years, as it reported ~19% CAGR in retail deposits over the past two years. The share of retail deposits has surged to 44% of total deposits in 1QFY25 from 31% in FY20. The affluent customer segment is performing well, and the bank plans to extend services to the top 100 cities to better focus on this segment. Indusind bank has been able to report a stable NIM trajectory over the past many quarters. Its financial strategy effectively leverages its loan portfolio's composition and focuses on optimizing yields and margins amid a dynamic rate environment. *Positive on INDUSIND Bank given the potential benefit from the rate cuts in 2HFY25.*

*Firstsource Solutions Ltd.:* Firstsource Solutions, a global provider of specialist domain-led Business Process Services, seems well-poised to benefit from the expected recovery in overall demand in H2FY25 and a likely rate cut announcement from the Federal Reserve towards the end of the year. The company reported strong 1QFY25 results with revenue from operations of Rs. 17,911 million (US$ 215 million) rising 7.2% QoQ and 17.1% YoY. EBIT came in at Rs. 1,970 million, increasing 7.7% QoQ and 10.1% YoY. The EBIT margin remained flat QoQ and declined slightly by 70bps to 11% in the quarter. PAT experienced QoQ and YoY growth of 1.3% and 7.4%, respectively, to Rs. 1,353 million. The company signed three strategically large deals in Q1FY25 and added 10 new logos across the BFS, Healthcare, and CMT verticals. The attrition rate came down to 32% in 1QFY25 from 41.7% in 1QFY24. Management expects a continued downward trend in attrition rate, supported by employee‐focused initiatives aimed at enhancing overall employee experience and satisfaction. Going forward, Firstsource has a robust pipeline, reflecting the efficacy of a diversified portfolio. For FY25, the company expects constant currency revenue growth in the range of 11.5-13.5%, up from its earlier projection of 10-13%. Guidance for EBIT margin was retained at 11-12%. *Positive on Firstsource Solutions given its good set of 1QFY25 numbers and an expected recovery in the IT sector in H2FY25.*

Stocks Picker Articles

05 Sep 2024 04:35

*Stocks in News*


*Vedanta:* ICRA upgrades Vedanta long-term rating to AA from AA- (Positive)

*Century Textiles:* Company’s arm to buy Hindalco land in Kalwa, Thane. (Positive)

*Suzlon Energy:* Company executes conveyance deed with OE Business Park for sale of One Earth Property for Rs 440 crore. (Positive)

*Reliance Industries:* Ministry of Heavy Industry awards 10 GWh capacity to Company under PLI ACC scheme. (Positive)

*Hatsun Agro Product:* Board meeting on sept 12 to consider proposal of investment into Huoban energy 11. (Positive)

*Best Agro life:* Company has been granted a patent by the Indian patent office for Synergistic Pesticidal composition comprising plant growth regulator with Neonicotinoid insecticide. (Positive)

*Linde india:* Company has entered into the plant sale agreement with Tata steel for acquiring their industrial gas supply assets - 2x1800 TPD air separation units (Positive)

*TARC:* Company received RERA registration for housing project at Gurugram (Positive)

*Ganesha Ecosphere:* Company approved incorporation of JV in Collaboration with Race Eco Chain (Positive)

*Aarti Drugs:* Company’s board meeting today to mull share buyback (Positive)

*Matrimony:* Company’s board meeting today to mull share buyback (Positive)

*Borosil Renewables:* Company says acquisition of 49% Stake in Clean Max Prithvi. (Positive)

*Glenmark:* Settles Rs 210 cr settlement dispute with US Department of Justice (Positive)

*Zaggle:* Enters 1-year contract for employee expense management solutions with Blue Star (Positive)

*Britannia:* In talks to acquire a controlling stake in Kishlay Foods, a Guwahati-based snack manufacturer, valued at Rs 600-700 crore. (Positive)

*Raymond:* Lifestyle business to be listed today (Positive)

*GICRE:* Non-retail portion of Company's OFS gets demand for 108.5% of shares. (Neutral)

*HDFC Bank:* HDB Financial aiming for $9–10 billion listing latest by March (Neutral)

*Exide Industries:* Arun Mittal tenders resignation from the position of MD & CEO of Company arm EESL effective October 3 (Neutral)

*Kalpataru Projects:* Company board approved conversion of loan granted to Brazil unit into equity shares, equity shares will be subscribed at price of BRL 2.10 per share (Neutral)

*Rane Holdings:* CCI approves Rane Holdings' acquisition of balance 51% stake in JV Rane NSK Steering Systems. (Neutral)

*Sona BLW:* Floor price for Qualified Institutions Placement at 699.01 rupees/share. (Neutral)

*Maithan Alloys:* Company announced closure of manufacturing operations at Byrnihat Unit. (Neutral)

*Allied Blenders:* Company appoints Anil Somani as CFO and Key Managerial personnel effective September 5. (Neutral)

*Remedium Lifecare:* Company to Raise Funds Up to $25m (Neutral)

*Ritco Logistics:* Gautam Mukherjee resigns as CFO w.e.f August 29, 2024. (Neutral)

*Adani Enterprises:* Company's Retail Bond Base Issue Of 4b Rupees Fully Subscribed On Day 1. (Neutral)

*Satin Creditcare:* Company completes first PTC transaction with HSBC India. (Neutral)

*RailTel Corporation:* Company has received the work order from Northern Railways for Railway Telecom Project amounting to Rs 10 cr. (Neutral)

*PNB Housing Finance:* Company to raise nearly ₹2,500 crore via NCDs on September 9. (Neutral)

*Reliance Ind:* Board meet today to consider 1:1 issue of free shares. (Neutral)

*Godrej Properties:* Company approved key Information Document for Issuance of 6,460 NCDs Worth 646m Rupees. (Neutral)

*Canara Bank:* Says Issuance Of Us $300m Unsecured Notes Of MTN Bonds. (Neutral)

*Oil refining companies:* Singapore GRM at negative $0.3/bbl. (Negative)

Stocks Picker Articles

04 Sep 2024 05:31

Buyback
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
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
Indian Toners & Developers: 05-Sep-24; Close: 11-Sep-24
Weizmann: 05-Sep-24; Close: 11-Sep-24

Bonus
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
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

Stocks Picker Articles

04 Sep 2024 04:49

Stock in Action

GMR Power and Urban Infra Ltd.: GMR Power and Urban Infra Limited is a part of the GMR Group, which focuses on energy generation, especially in thermal and hydro power sectors. The company operates various power plants across India, contributing significantly to the country's energy infrastructure. They are also involved in urban infrastructure development, supporting sustainable city projects and transportation networks. Net Sales was at Rs 1,611.87 crore in June 2024 up 43.38% from Rs. 1,124.22 crore in June 2023. EBITDA stands at Rs. 636.20 crore in June 2024 up 179.41% from Rs. 256.84 crore in June 2023. The company is working on development of a special investment region which is strategically located at just 45 km distance from Electronic City, Bangalore and is within the influence zone of The Chennai-Bangalore Industrial Corridor. In the aforementioned project, GMR aims to provide world class infrastructure – power, water supply, sewerage, solid waste management, road network, street lighting, landscaping and security. In the previous quarter, GMR and NHAI also settled it’s pending disputes amicably, where GMR received a payment of INR 13.87 Billion for the development of Hyderabad Vijayawada Expressway. Positive on GMR Power and Urban Infra ltd. given the bright future ahead and traction in infrastructure space.

Blue Star Ltd.: Blue Star reported strong 1QFY25 revenue growth of 28.7% YoY led by strong performance from Unitary products segment, which grew by 44.3% YoY and Professional Electronics and Industrial Systems which grew by 23.5% YoY. EMP & Commercial AC segment also reported modest growth of 9.5% YoY. Strong growth coupled with benign input cost benefit flowed through to operating performance with EBITDA growing by 64% YoY to Rs. 240 crore. OPM also expanded by 179bps YoY to 8.3%. Adj. PAT more than doubled to Rs 170 crore and margin improved by 215bps YoY to 5.9%. Apart from strong operating leverage, lower finance cost and higher other income by 2.5x YoY fuelled growth. Unitary Product delivered strong result on the back of high demand for Air Conditioners due to harsh summer season. Expansion plans in North America and Europe are moving as per the timeline. As the elections are over, the management is hopeful of more order inflows and order finalizations in the EMP segment in the next 2-3 months. The management remains positive of future growth in both domestic and international business. Positive on Blue Star ltd. given the strong set of 1QFY25 performance.

Stocks Picker Articles

04 Sep 2024 04:38

*Stocks in News*


*IEX:* Total Volume Up 35.8% YoY at 12,040 MU, Total Electricity Volume up 17.1% YoY at 9,914 MU (Positive)

*Defence Stocks:* Defence Acquisition council approves 10 capital acquisition proposals worth Rs 1.45 lakh crore. (Positive)

*Bajaj Auto:* Company will continue to top industry peers given the tailwinds, says Executive Director Rakesh Sharma. (Positive)

*GSK Pharma:* Company gets income tax refund of ₹222.23 crore for assessment year 2022-23. (Positive)

*Atlanta:* Company commencement certificate received from thane municipal corp for project Atlanta enclave phase 11. (Positive)

*AU Small Finance:* Company submits application to #RBI for voluntary transition from a Small Finance Bank to Universal Bank. (Positive)

*MOIL:* Company registers Best August production Achieves 7 % growth during April -August ’24. (Positive)

*Godfrey Phillips:* Company finalises plans for sale of retail business 24Seven (Positive)

*NHPC:* Company signs MoU with Department of Water Resources (WRD), Govt of Maharashtra for establishment of energy storage systems (Positive)

*Oil downstream stocks:* Oil drops over 4% on possible Libya deal which might lead to resumption of oil output. (Positive)

*PDSL:* Company says facilities have resumed normal operations in Bangladesh. (Positive)

*Sonata Software:* Merger of Encore Software with Sonata Software North America completed. (Neutral)

*Mankind Pharma:* Company today finalised a Business Transfer Agreement to transfer its over-the-counter business undertaking to its wholly owned subsidiary (Neutral)

*Hitachi Energy:* The company said it has received a tax demand totalling ₹46.29 crore following an audit conducted by the Assistant Commissioner of Commercial Taxes (Neutral)

*Yatra Online:* Company to acquire Globe Travels for Rs 128 crore (Neutral)

*Torrent Power:* Company revises MoU with Maharashtra government for storage projects to 5,600 MW from 5,700 MW earlier. (Neutral)

*Paradeep and Mangalore Chemicals:* BSE issues letter on merger with certain observations of SEBI. (Neutral)

*Texmaco Rail:* Company completes the acquisition of Jindal Rail Infrastructure. (Neutral)

*ONGC:* Company is considering setting up a multibillion dollar refinery and petrochemical project in Uttar Pradesh. (Neutral)

*LIC:* Company’s Bangladesh operations fully resumed with effect from Sept 2 (Neutral)

*SpiceJet:* Chairman and MD Ajay Singh likely to dilute 10% stake in the company. (Neutral)

*Krystal integrated services:* Company enters into MOU with Vishnu Prasad Research Centre. (Neutral)

*Orchid Pharma:* Company got no-objection letters from BSE, NSE for merger of Dhanuka laboratories with Company. (Neutral)

*Adani Enterprises:* Company incorporates unit Adani Energy Resources in Shanghai, China. (Neutral)

*UPL:* Company’s U.K.-based arm acquires unit Advants Holdings in Thailand for $22,000. (Neutral)

*Spandana Sphoorty:* Board meeting on sept 6 to consider issue of non-convertible debentures on private placement basis. (Neutral)

*Max Estates:* Company raises Rs 800 crore via QIP. (Neutral)

*ZEEL:*Company said it has received approval from the Ministry of Corporate Affairs, Office of the Registrar of Companies in Mumbai, for an extension to hold its 42nd Annual General Meeting. (Neutral)

*Zydus Life:* U.S. FDA warning letter identifies gaps in company’s manufacturing practices with regard to cGMP. (Negative)

*GIC RE:* Government likely to dilute 7% stake in GIC Re via OFS on 4th September, 2024. (Negative)

Stocks Picker Articles

03 Sep 2024 05:34

Corporate Actions

Premier Energies is set to make stock market debut today, September 3. The issue price is fixed at Rs. 450 per share.

Matrimony.com will meet on September 5 to discuss the proposal for the buyback of equity shares of the company.

Dividend

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

05-Sep-24
GULFOILLUB: Final Dividend - Rs. - 20.00
SHETR: Dividend - Rs. - 1.00
JAYBARMARU: Final Dividend - Rs. - 0.70
IRCON: Final Dividend - Rs. - 1.30
NIITLTD: Final Dividend - Rs. - 0.75
RHIM: Final Dividend - Rs. - 2.50
HERANBA: Final Dividend - Rs. - 1.25
BLS: Final Dividend - Rs. - 0.50
PRITHVIEXCH: Final Dividend - Rs. - 0.50
JBMA: Final Dividend - Rs. - 1.50
SILVERTUC: Final Dividend - Rs. - 0.50
JWL: Final Dividend - Rs. - 0.30

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
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
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

03 Sep 2024 04:40

*Fund Houses Recommendations*


CLSA on *Zomato:* Maintain Outperform on Company, target price at Rs 353/Sh (Positive)

Antique on *HAL:* Maintain Buy on Company, target price at Rs 6145/Sh (Positive)

Citi on *Vedanta:* Maintain Buy on Company, target price at Rs 430/Sh (Positive)

Kotak on *Kaynes tech:* Maintain Buy on Company, raise target price at Rs 4950/Sh (Positive)

B&K on *GMR Power:* Initiate Buy on Company, target price at Rs 184/Sh (Positive)

Kotak on *Aadhar Housing:* Initiate Buy on Company, target price at Rs 550/Sh (Positive)

Citi on *Tech Mahindra:* Maintain Sell on Company, target price at Rs 1260/Sh (Neutral)

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

HSBC on *Rallis:* Maintain Reduce on Company, target price at Rs 251/Sh (Neutral)

MS on *Kaynes Tech:* Maintain Overweight on Company, target price at Rs 3845/Sh (Neutral)

Jefferies On *Telecom:* Market Share Gains Toward Bharti/Jio Likely To Continue Till Voda Idea Completes Network Investment (Neutral)

Citi on *Marico:* Maintain Underperform on Company, target price at Rs 470/Sh (Neutral)

Citi on *HUL:* Maintain Underperform on Company, target price at Rs 2161/Sh (Neutral)

Stocks Picker Articles

02 Sep 2024 05:26

Forthcoming Event

02nd September: VEDL to consider Dividend; ARC Finance, Concord Control Systems, Hindware Home Innovation, Incredible Industries, MIRC Electronics, Shree Salasar Investments, Sumit Woods, Variman Global Enterprises to consider Fund Raising

03rd September: HIMTEK, RELIABLE to consider Dividend; Humming Bird Education, New Light Apparels to consider Stock Split; Authum Investment & Infrastructure, Bannari Amman Spinning Mills, Cranex, Harshil Agrotech, Mercury Trade Links, Parle Industries, Shangar Decor to consider Fund Raising; Exhicon Events Media Solutions to consider Dividend & Fund Raising

04th September: CIL Nova Petrochemicals, Retro Green Revolution, Best Agrolife to consider Fund Raising

05th September: AARTECH to consider Dividend; Jonjua Overseas, Rashtriya Chemicals and Fertilizers, Titan Intech to consider Fund Raising; Reliance Industries to consider Bonus issue; UH Zaveri, Vivid Mercantile to consider Stock Split

06th September: PANORAMA to consider Dividend; Arihant Capital Markets, Sandur Manganese & Iron Ores to consider Fund Raising

07th September: Uma Exports to consider Fund Raising

12th September: BAJAJHLDNG, MAHSCOOTER to consider Dividend