Stocks Picker Articles

05 Oct 2024 10:03

Companies with High FII Holdings.

1) Max Health: 56.97%
2) Shriram Finance: 54.26%
3) Axis Bank: 53.42%
4) HDFC Bank: 47.15%
5) Max Fin: 46.6%
6) Zomato: 46.13%
7) PB Fintech: 46.01%
8) ICICI Bank: 45.46%
9) Apollo Hospital: 43.92%
10) Dr Reddy: 42.27%
11) M&M: 41.89%
12) Coforge: 41.43%
13) Indusind Bank: 37.98%
14) Phoenix: 35.44%
15) UPL: 34.51%

Stocks Picker Articles

04 Oct 2024 05:28

Corporate Actions

Diffusion Engineers is set to make stock market debut today, October 04. The issue price is fixed at Rs. 168 per share.

JTL Industries has approved sub-division/split of 1 Equity Share having face value of Rs. 2/- each into 2 Equity shares having face value of Rs.1 each, subject to the shareholders’ approval. Further, the matter related to Bonus Issue has not been approved by the Board.

Dividend

04-Oct-24
ACCELYA: Final Dividend - Rs. - 40.00
KPIGREEN: Final Dividend - Rs. - 0.20

07-Oct-24
JWL: Interim Dividend - Rs. - 1.00
KPEL: Final Dividend - Rs. - 0.10

09-Oct-24
SHRADDHA: Interim Dividend

IPO
Garuda Construction and Engineering: Open: 08-Oct-24; Close: 10-Oct-24

Buyback
---

Bonus
Classic Electricals: Bonus Issue 5:1; Ex-Date: 04-Oct-24
Shikhar Leasing & Trading: Bonus Issue 3:1; Ex-Date: 04-Oct-24
NBCC India: Bonus Issue 1:2; Ex-Date: 07-Oct-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 08-Oct-24

Stock Split
Real Eco-Energy: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 04-Oct-24
Godawari Power And Ispat: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 04-Oct-24
Jindal Saw: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 09-Oct-24
Rajnish Retail: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 11-Oct-24
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24

Right Issue
Synergy Green Industries: Open: 23-Sep-24; Close: 04-Oct-24
Advik Capital: Open: 24-Sep-24; Close: 04-Oct-24
Tilak Ventures: Open: 03-Oct-24; Close: 11-Oct-24
Purple Finance: Open: 04-Oct-24; Close: 11-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24

Stocks Picker Articles

04 Oct 2024 04:51

*Q2 Earnings Date*

10th Oct: GM Breweries
10th Oct: AnandRathi
10th Oct: IREDA
10th Oct: Tata Elxsi
10th Oct: TCS
14th Oct: Angel One
14th Oct: Gopal Snacks
14th Oct: HCL Tech
15th Oct: HDFC AMC
15th Oct: HCFC Life
16th Oct: Bajaj Auto
16th Oct: CRISIL
16th Oct: LTTS
16th Oct: Mphasis
17th Oct: Nestle
17th Oct: Infosys
17th Oct: Wipro
18th Oct: ICICI General
19th Oct: HDFC Bank
19th Oct: Tech Mahindra
21st Oct: Ultratech
22nd Oct: Coforge
22nd Oct: ICICI Pru
22nd Oct: Persistent
22nd Oct: Zensar
23rd Oct: KPIT Tech
23rd Oct: Navin Fluorine
23rd Oct: Pidilite
24th Oct: Cyient
24th Oct: Max India
24th Oct: NAM India
24th Oct: UBL
25th Oct: Atul
25th Oct: Novartis
25th Oct: Poonawala Fincorp
26th Oct: ICICI Bank
26th Oct: JK Cement
26th Oct: IDFC First Bank
28th Oct: CAMS
28th Oct: Gillette
29th Oct: Cipla
29th Oct: Dabur
29th Oct: Honeywell

Stocks Picker Articles

04 Oct 2024 04:30

Bulk Deals

JK Lakshmi Cement: HDFC Mutual Fund bought 8.44 lakh shares (0.71%) at Rs 785 apiece.

Eris Lifesciences: Motilal Oswal Financial Services Limited bought 20.79 lakh shares (1.52%) at Rs 1350.18 apiece, Rakesh Shah sold 20 lakh shares (1.46%) at Rs 1350 apiece.

Baazar Style Retail: Nidhi Singhania bought 5.4 lakh shares (0.72%).

Insider Trades

Bigbloc Construction: Promoter Narayan Sitaram Saboo (HUF) bought 45,000 shares on September 30.

Deccan Gold Mines: Promoter Rama Mines Mauritius sold 61,315 shares on Sept. 30. HLV: Promoter Rockfort Estate Developers revoked a pledge for 20 lakh shares on Sept. 27.

Salasar Techno Engineering: Promoter Alok Kumar sold 15.3 lakh shares on Sept. 24, Promoter Shikhar Fabtech Pvt Ltd sold 18.29 lakh shares between Sept. 24 and 26, and Promoter Tripti Gupta sold 12 lakh shares between Sept. 25 and 26.

Amrutanjan Health Care: Promoter Nageswaramma sold 3.4 lakh shares on Sept. 27.

Century Enka: Promoter Kumar Mangalam Birla (Executor to Estate of Basant Kumar Birla) sold 71360 shares on Sept. 30.

Zuari Agro Chemicals: Promoter Kumar Mangalam Birla (Executor to Estate of Basant Kumar Birla) sold 30000 shares on Sept. 27.

Zuari Industries: Promoter Mr. Kumar Mangalam Birla (Executor to Estate of Basant Kumar Birla) sold 30000 shares on Sept. 27.

Trading Tweaks

Ex/record dividend: Accelya Solutions India, KPI Green.

Ex/record stock split: Godawari Power (Face Value stock split Rs 5 to Re 1).

Moved out short-term ASM: Deep Industries.

Moved in short-term ASM: Saregama India

Stocks Picker Articles

04 Oct 2024 03:58

*Stocks in News*


*Shilpa Medicare:* Company unit receives certificate of suitability from EDQM for API, Desmopressin. (Positive)

*Aarti Drugs:* Company receives GMP Certificate from UK-MHRA for manufacturing facility of unit. (Positive)

*BCL Industries:* Company to acquire Goyal Distillery Pvt Ltd to facilitate the establishment of a 250 KLPD grain-based ethanol plant, significantly boosting company’s production capabilities from 700 KLPD to 1,100 KLPD. (Positive)

*Unicommerce Esolutions:* VIP Industries partners with Company to streamline E-Commerce Operations. (Positive)

*Alembic Pharma:* Company gets final US FDA nod for alcaftadine ophthalmic solution, 0.25% (OTC) (Positive)

*Bajaj Fin:* AUM up 29% at ₹3.74 lk cr vs ₹2.90 lk cr, Deposits book up 21% at ₹66,100 cr vs ₹54,821 cr (YoY) (Positive)

*Sundaram-Clayton:* Company opens QIP, floor price at Rs 2,320.78/sh. (Positive)

*M&M:* Mahindra Last Mile Mobility Launches Mahindra ‘ZEO’ (Zero Emission Option) 4W SCV Starting From ₹7.52 Lakh (Positive)

*R Power:* Board approves raising $500 m unsecured foreign currency convertible bonds (FCCBs) at 5% p.a. interest, 10 years long tenured. (Positive)

*Blue Star:* Company aims for 20% revenue growth in festive season for air conditioners. (Positive)

*Muthoot Finance:* Company re-appoints George Alexander Muthoot as MD effective April 1, 2025 for 5 years. (Positive)

*Aster DM:* Company signs definitive agreement to acquire 26% stake in Shri Sai Renew Venture Assets 1 LLP. (Positive)

*Adani Energy:* Tanzania is in talks with Adani Group for a $900 million public-private partnership project to construct high-voltage power lines. (Positive)

*Bajaj Housing:* AUM at Rs 1.03 lakh crore, up 26% year-on-year. (Positive)

*CESC:* Company signs binding term sheet with Bhojraj Renewables Energy for developing a 150 MW solar project and a 350 MW wind project. (Positive)

*Uflex:* Company’s Egypt unit Flex Asepto to set up a packaging unit worth $126 million. (Positive)

*Max Health:* CARE has upgraded the credit rating for long term bank facilities from ‘CARE AA; Positive’ to ‘CARE AA+. (Positive)

*RITES:* Company signs MoU with #DelhiMetro Rail Corp to identify, secure, and execute metro projects in India and abroad. (Positive)

*Oil upstream stocks:* Oil prices jump by 56 percent after the tensions intensified in Middle East. (Positive)

*EPack:* Company announces arrangement for manufacturing tie-up with Panasonic Life Solutions India Private Limited. (Positive)

*JTL Industries:* Company declare sub-division of 1 share into 2 shares. (Neutral)

*Oriental Rail Infra:* Company gets order worth Rs 36.8 million (Neutral)

*M&M Financial:* Company approved issue of non-convertible debentures on private placement, Company to issue up to Rs 7.5 billion. (Neutral)

*Indian Oil Corp:* Company and Nepal Oil Corporation sign B2B framework agreements for major petroleum infrastructure development in Nepal (Neutral)

*Refex Industries:* Company proposes to raise funds to the tune of Rs 927.81 cr to accelerate sustainable growth. (Neutral)

*Ami Organics:* Company has appointed Mr. Snehalkumar P. Shah as Senior General Manager Projects, effective October 3, 2024. (Neutral)

*PNB GILTS:* Company has appointed Sh. Raj Kamal Verma as an Independent Director for a 3-year term starting October 10, 2024. (Neutral)

*Glenmark Life:* Company received an intimation from the Income Tax Department for Q4 FY 2023-24, Form-24Q involving Rs 1662120. (Neutral)

*NMDC:* September total production at 3.04 MT, September total sales 3.54 MT vs 3.11 MT (YoY). (Neutral)

*Bank Baroda:* Global business up 10.23% yoy at ₹25.06 lk cr, Global deposits up 9.11% YoY at ₹13.63 lk cr. (Neutral)

*BSE:* Weekly index derivatives contracts on SENSEX 50 and Bankex will be discontinued w.e.f Nov 14, 2024 (Neutral)

*DMart:* Revenue at ₹14,050.32 cr vs ₹12,307.72 cr (YoY). (Neutral)

Stocks Picker Articles

03 Oct 2024 05:32

Forthcoming Event

03rd October: JTL Industries to consider Bonus issue & Stock Split; Refex Industries, Shiva Granito Export, Swojas Energy Foods to consider Fund Raising

04th October: NRBBEARING to consider Dividend; Gravita India, RDB Realty & Infrastructure to consider Fund Raising; Senco Gold to consider Stock Split

07th October: Future Market Networks to consider Fund Raising

08th October: VEDL to consider Dividend; Julien Agro Infratech to consider Stock Split

14th October: GOPAL, HCLTECH, VSL to consider Dividend; Exxaro Tiles to consider Stock Split

16th October: Blue Cloud Softech Solutions to consider Stock Split

17th October: INFY to consider Dividend

18th October: ICICIGI to consider Dividend

Stocks Picker Articles

03 Oct 2024 04:51

*Fund Houses Recommendations*


Nomura on *JSW Steel:* Initiate Buy on Company, target price at Rs 1220/Sh (Positive)

Nomura on *Jindal Steel:* Initiate Buy on Company, target price at Rs 1200/Sh (Positive)

MS on *JSW Steel:* Upgrade to Overweight on Company, raise target price at Rs 1150/Sh (Positive)

MS on *Jindal Steel:* Upgrade to Overweight on Company, raise target price at Rs 1200/Sh (Positive)

MS on *Tata Steel:* Upgrade to Equal weight on Company, raise target price at Rs 175/Sh (Positive)

Investec on *Godrej Prop:* Upgrade to Buy on Company, raise target price at Rs 4200/Sh (Positive)

JP Morgan on *Cipla:* Maintain Overweight on Company, target price at Rs 1165/Sh (Positive)

JP Morgan on *KPIT Tech:* Upgrade to Overweight on Company, target price at Rs 2000/Sh (Positive)

Emkay on *Petronet:* Maintain Buy on Company, target price at Rs 425/Sh (Neutral)

Jefferies on *Cement Sector:* Cement prices saw a much needed uptick in September, adding that for Q2, price may dip nearly 2-2.5% QoQ, -6.5% YoY (Neutral)

Jeffferies says SEBI's circular: Broadly in-line with discussion paper and impacts 35% of industry premiums, adding that discount brokers can be most impacted, followed by exchanges (BSE) (Neutral)

Emkay on *Coal India:* Maintain Buy on Company, target price at Rs 600/Sh (Neutral)

MS on *SAIL:* Maintain Underweight on Company, raise target price at Rs 125/Sh (Neutral)

Emkay on *Dabur:* Maintain Add on Company, target price at Rs 650/Sh (Neutral)

Investec on *Dabur:* Maintain Hold on Company, target price at Rs 668/Sh (Neutral)

MS on *Dabur:* Maintain Equal weight on Company, target price at Rs 772/Sh (Neutral)

MS on *Marico:* Maintain Equal weight on Company, target price at Rs 625/Sh (Neutral)

Nuvama on *Marico:* Maintain Buy on Company, target price at Rs 780/Sh (Neutral)

Nomura on *Marico:* Maintain Buy on Company, target price at Rs 780/Sh (Neutral)

MS on *Titan:* Maintain Equal weight on Company, target price at Rs 3570/Sh (Neutral)

Citi on *Dabur:* Maintain Sell on Company, target price at Rs 570/Sh (Negative)

Jefferies on *Syngene:* Maintain Underperform on Company, target price at Rs 640/Sh (Negative)

Stocks Picker Articles

03 Oct 2024 04:49

*Stocks in News*


*Aurobindo Pharma:* Company receives USFDA approval for cephalexin tablets USP, 250 MG and 500 MG. (Positive)

*Man Infraconstruction:* Company gets commencement certificate for its highly anticipated vile Parle project, the project has total estimated sale potential of over Rs 1,200 cr. (Positive)

*Hero Motocorp:* September total sales 637050 units vs 536499 units (YoY), EST 622000. (Positive)

*Maruti Suzuki:* September total sales 184727 units vs 181343 units (YoY), EST 182000. (Positive)

*Eicher RE:* September total sales 86978 units vs 78580 units (YoY), EST 78500. (Positive)

*Petronet LNG:* Company informs that the two LNG storage tanks i.e. t-107 & t-108, each having capacity of 1, 80,000 CU.M, at Dahej LNG terminal of the Company have been commissioned (Positive)

*JB Chemicals:* Company approved capacity addition to iv manufacturing facility at Panoli, Company establishment of dedicated manufacturing line for povidone/iodine liquid, ointment (Positive)

*RailTel:* gets work order for Rs 68 crore from Bangalore Metro Rail. (Positive)

*Bharat Forge:* Kalyani Strategic Systems and US-Based AM General & Mandus Group partner to Codevelop and Co-produce Next-Generation Artillery Platforms (Positive)

*Tata Power:* Company bets Rs 1.2 lakh crore investment to make Rajasthan the next green energy superpower (Positive)

*GMR Airports:* Top court disposes pleas in Nagpur airport case, authorities required to execute concession agreement at earliest for Nagpur airport with Company. (Positive)

*V-Mart Retail:* September quarter revenue growth of 20% (YoY) to Rs 6.61 billion. (Positive)

*Ujjivan Small Finance Bank:* RBI grants authorized dealer category 1 license to the bank. (Positive)

*Unichem Laboratories:* Company approved entering into agreements with Bayshore pharmaceuticals, Purchase of rights, title, interest in product, goodwill associated with 9 Andas of Bayshore USA (Positive)

*CSB Bank:* Gross advances witness a 20% jump on a yearly basis to Rs 26,871 crore in July-September quarter. (Positive)

*Dr. Reddy's:* Company signs voluntary licensing agreement with Gilead Sciences to manufacture and commercialise Lenacapavir in India and other countries (Positive)

*Jubilant Ingrevia:* Company has entered into an agreement with a leading Agrochemical Company to produce an Agro Intermediate for one of the key Agro actives of the Customer. (Positive)

*Max Health:* CARE has upgraded the credit rating for long term bank facilities from ‘CARE AA; Positive’ to ‘CARE AA+. (Positive)

*Paras Defence:* Company opens QIP, sets floor price at Rs 1,096.35/share (Positive)

*APL Apollo:* Company announces that total sales for quarter ending September 30 increased to 7.58 lakh tons. (Positive)

*Ashoka Buildcon:* Company gets 2 LoAs worth Rs 1,264 crore from MMRDA for design & construction of 2 creek bridges (Positive)

*Zydus Life:* Company receives tentative approval from USFDA for Enzalutamide Tablets, 40 mg and 80 mg (Positive)

*JSW Energy:* Company received Letter of Intent from Maharashtra State Electricity Distribution Company Limited for 1,500 MW / 12,000 MWh of pumped hydro energy storage. (Positive)

*PC Jeweller:* Company has successfully reached a one-time settlement with its 14 Consortium Lenders, including State Bank of India. (Positive)

*Adani Enterprises:* India’s Maharashtra state approved the acquisition of 256 acres of land in Mumbai in a boost to the Adani Group’s project to redevelop Dharavi: Bloomberg (Positive)

*DCW:* Ekta Halwasiya bought 15 lakh shares of company at average Rs 101.76 per share (Positive)

*R Power:* Anil Ambani's Reliance Group forays into Bhutan, to set up 1,270 MW projects (Positive)

*Vakrangee:* Hrti Private Limited bought 63.76 lakh shares of company at average Rs 35.77 per share (Positive)

*SENCO:* Board will consider the proposal of the split/sub-divide of its stock's face value on October 04, 2024. (Positive)

Stocks Picker Articles

01 Oct 2024 05:32

Corporate Actions

PC Jeweller has approved Sub-division / split of each equity share of face value of ₹ 10/- each, into 10 equity shares of face value of ₹ 1 each, subject to the approval of Members of the Company.

Sudarshan Pharma Industries has approved Sub-division / split of each equity share of face value of ₹ 10/- each, into 10 equity shares of face value of ₹ 1 each, subject to the approval of Members of the Company.

Dividend

04-Oct-24
ACCELYA: Final Dividend - Rs. - 40.00
KPIGREEN: Final Dividend - Rs. - 0.20

07-Oct-24
JWL: Interim Dividend - Rs. - 1.00
KPEL: Final Dividend - Rs. - 0.10

09-Oct-24
SHRADDHA: Interim Dividend

IPO
---

Buyback
---

Bonus
Classic Electricals: Bonus Issue 5:1; Ex-Date: 04-Oct-24
Shikhar Leasing & Trading: Bonus Issue 3:1; Ex-Date: 04-Oct-24
NBCC India: Bonus Issue 1:2; Ex-Date: 07-Oct-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 08-Oct-24

Stock Split
Integrated Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 01-Oct-24
Real Eco-Energy: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 04-Oct-24
Godawari Power And Ispat: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 04-Oct-24
Jindal Saw: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 09-Oct-24
Rajnish Retail: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 11-Oct-24
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24

Right Issue
Patel Integrated Logistics: Open: 19-Sep-24; Close: 01-Oct-24
Sadhana Nitrochem: Open: 20-Sep-24; Close: 01-Oct-24
Srivari Spices And Foods: Open: 24-Sep-24; Close: 03-Oct-24
Synergy Green Industries: Open: 23-Sep-24; Close: 04-Oct-24
Advik Capital: Open: 24-Sep-24; Close: 04-Oct-24
Tilak Ventures: Open: 03-Oct-24; Close: 11-Oct-24
Purple Finance: Open: 04-Oct-24; Close: 11-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24

Stocks Picker Articles

01 Oct 2024 04:49

*Fund Houses Recommendations*


MS on *Kaynes:* Maintain Overweight on Company, raise target price at Rs 6652/Sh (Positive)

Investec on *Aadhar HFC:* Initiate Buy on Company, target price at Rs 600/Sh (Positive)

JP Morgan on *Godrej CP:* Maintain Overweight on Company, target price at Rs 1450/Sh (Positive)

Jefferies on *PB Fintech:* Maintain Buy on Company, target price at Rs 1800/Sh (Positive)

Citi on *Bank Baroda:* Maintain Buy on Bank, target price at Rs 300/Sh (Positive)

JPMorgan says top picks in financials include *ICICIBank, SBI, ShriramFin, LICHsgFin, KotakMahBank, HDFCAMC* (Positive)

Jefferies says tighter processes by RBI may weigh on growth of gold financiers, but large gold NBFCs like *Muthoot* should be better placed (Neutral)

JPMorgan on oil and gas: Retail fuel price could hurt stocks in October. Prefer *MGL* (Neutral)

MS on *SAMIL:* Maintain Overweight on Company due to production cut headwinds, however easing inflation to support (Neutral)

Citi on *SAMIL:* Maintain Sell on Company, target price at Rs 125/Sh (Neutral)

JP Morgan on *Havells:* Maintain Neutral on Company, target price at Rs 1780/Sh (Neutral)

JP Morgan on *Dabur:* Maintain Neutral on Company, target price at Rs 625/Sh (Neutral)

JP Morgan on *Crompton:* Maintain Neutral on Company, target price at Rs 380/Sh (Neutral)

Citi on *RBL Bank:* Maintain Sell on Bank, target price at Rs 281/Sh (Neutral)

MS on *Tata Motors:* Maintain Equal weight on Company due to JLR slowdown (Negative)

JP Morgan on *Nykaa:* Maintain Underweight on Company, target price at Rs 165/Sh (Negative)

Stocks Picker Articles

01 Oct 2024 04:15

*Stocks in News*


*Kalpataru Projects:* Company bags orders worth Rs 1,241 crore from Indian and overseas market. (Positive)

*Blue Dart:* Company to implement general price increase w.e.f. January 1, 2025. (Positive)

*Alphageo India:* Company gets contract worth ₹131.63 cr from Oil India, gets contract for 2D seismic data acquisition in Ganga-Punjab basin. (Positive)

*R Systems:* Company launches Chaos Engineering integrated DR Model to enhance business continuity and resilience. (Positive)

*Jindal Stainless:* Company partners with CJ Darcl to manufacture lightweight containers. (Positive)

*Piramal Pharma:* Board approves $80 million expansion plan for Sterile injectables facility in Lexington, Kentucky (Positive)

*Thomas Cook:* Company in joint venture with Atirath Technologies to build generative AI solutions for travel domain. (Positive)

*India Glycol:* Company adds further capacity of 100 KLPD to existing grain based distillery at Kashipur, Uttarakhand. (Positive)

*NTPC:* NGEL Signs MoU with Govt of Rajasthan for development of 25 GW of RE Projects. (Positive)

*NHPC:* Company says that the revised scheduled date for commissioning of 300 mw solar PV project in Bikaner, Rajasthan (Positive)

*Tata Power:* Company inks MOU with Rajasthan government for an investment plan of Rs 1.2 TRLN in power distribution, transmission, and renewables (Positive)

*Unichem Laboratories:* Company approved entering into agreements with Bayshore pharmaceuticals, Purchase of rights, title, interest in product, goodwill associated with 9 Andas of Bayshore USA. (Positive)

*Ram Ratna Wires:* Company executed deed of amendment to alter JV agreement with Epack Durable, amendment to JVA for having equal ownership, rights in JV (Positive)

*Seamec:* Vessel Seamec Ii Developed Technical Snag Resulting In Disruption of Power and Blackout (Positive)

*Solex Energy:* Company got work order worth Rs 519.7 million for 40 MWP solex mono Perc bifacial solar modules (Positive)

*Nortehrn Arc:* Revenues at Rs 578 cr vs Rs 401 cr. Profit at Rs 94 cr vs Rs 71 cr YoY (Positive)

*SpiceJet:* Plutus Wealth Management buys 85 lakh shares of SpiceJet at ₹59.95/Sh. (Positive)

*PCJeweller:* Company approves a share split in the ratio of 1:10 to enhance liquidity. (Positive)

*PB Fintech:* Company will invest in an independent health maintenance organisation (Positive)

*Yatharth Hospitals:* Company is planning to scale up it's bed occupancy network in Greenfield and Brownfield. (Positive)

*IREDA:* Loans sanctioned increased by 303% from last year to ₹17,860 crore vs ₹4,437 crore (YoY). (Positive)

*Adani Power:* Company signs business transfer agreement with NMPL to acquire 500 MW ADTPS in Maharashtra. (Positive)

*Bharti Airtel:* Company prepays Rs 8,465 crore to clear deferred liabilities for spectrum acquired in 2016 (Neutral)

*ICICI Sec:* Appeal against ICICI Securities delisting approval mentioned at NCLAT Delhi. (Neutral)

*Mankind Pharma:* Company's board approves raising up to Rs 10,000 crore through NCDs and commercial papers. (Neutral)

*Premier Explosives:* Srihari Pakalapati resigns from the post of CFO of company (Neutral)

*IRCTC:* Ajit Kumar ceases to be Director (Finance) & CFO of the company w.e.f. September 30, 2024. (Neutral)

*Finolex Industries:* Company approves appointment of Chandan Verma as interim CFO. (Neutral)

*Newgen Software:* Company unit got purchase order worth USD 1.5 million (Neutral)

*BLS E-Services:* Company expect to complete acquisition of Aadifidelis solutions by Dec 31, 2024. (Neutral)

*HMA Agro:* Company approved disinvestment of entire shareholding in Indus farmers food Company. (Neutral)

*Info Edge:* Company Unit to Invest about Rs 42 million In Nexstem India. (Neutral)

*Mercury Ev-tech:* Company Approved Acquisition Of 70% Stake in Haitek Automotive for Rs 3.5 million. (Neutral)

*Piccadily Agro:* Company approved raising of funds upto Rs 500m (Neutral)

Stocks Picker Articles

30 Sep 2024 05:26

Forthcoming Event

30th September: SHRADDHA to consider Dividend; Piccadily Agro Industries, Umiya Tubes to consider Fund Raising; PC Jeweller, Sudarshan Pharma Industries to consider Stock Split; Binny Mills to consider Buyback

01st October: Godrej Properties, Lancer Container Lines, Reliance Infrastructure to consider Fund Raising

03rd October: JTL Industries to consider Bonus issue & Stock Split; Refex Industries, Shiva Granito Export, Swojas Energy Foods to consider Fund Raising

04th October: NRBBEARING to consider Dividend; Gravita India, RDB Realty & Infrastructure to consider Fund Raising

08th October: VEDL to consider Dividend; Julien Agro Infratech to consider Stock Split

14th October: GOPAL, HCLTECH, VSL to consider Dividend; Exxaro Tiles to consider Stock Split

16th October: Blue Cloud Softech Solutions to consider Stock Split

17th October: INFY to consider Dividend

18th October: ICICIGI to consider Dividend

Stocks Picker Articles

30 Sep 2024 05:07

📊 *Top 5 Stocks in BlackRock's BGF India Fund*

BlackRock’s BGF India Fund A2 has invested heavily in Indian equities, achieving 24.96% returns in 1 year and 11.80% in 5 years.

Here's a snapshot of their top 5 holdings as of August 30, 2024:

1. Infosys Ltd – 5.06%


2. Mahindra & Mahindra Ltd – 4.75%


3. Reliance Industries Ltd – 4.71%


4. UltraTech Cement Ltd – 4.14%


5. REC Ltd – 4.13%

Stocks Picker Articles

30 Sep 2024 05:06

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Tata Sons plans to buy 13% stake in Tata AutoComp for Rs 2,122 crore
📝 IBA expects to attract Rs 1,600 cr investment for biogas sector at REI 2024
📝 Goyal holds discussions with 140 firms getting production-linked incentives
📝 AI Express-AIX Connect merger in Oct first week; 'I5' to fly into sunset
📝 With more foreign investment, India can build movie industry quicker: IMAX
📝 Lulu Group to set up food processing, logistics centres in Andhra Pradesh
📝 Microfinance growth driven more by lenders' loan disbursement than demand
📝 Housing prices in Delhi-NCR, Bengaluru jump 29% in July-Sept: Anarock
📝 Insurance companies enhance tech spending to meet evolving customer needs
📝 Govt mulls new regulatory mechanism for FDI supervision and oversight
📝 HC upholds arbitral award in favour of R-Infra in judgement on DVC petition
📝 Regulatory, policy reforms crucial for future of India's pharma R&D: Report
📝 Engine maker GE Aerospace plans increasing sourcing components from India
📝 NLC India eyes critical mineral mining capacity of 1 MTPA by FY30
📝 Deloitte eyes $5 billion revenue from Indian biz by 2030: South Asia CEO

*Economic Times*

📝 Reliance Infra wins Rs 780 cr arbitration case against Damodar Valley Corp
📝 Linking spurious drugs with legitimate manufacturers has severe reputational, financial impact: IPA
📝 Sebi mulls standardise format for disclosure of change in risk-o-meters of MF schemes
📝 Govt to soon release 'master list' of tourist sites for holistic development: Gajendra Singh Shekhawat
📝 ASUS bets on aggressive retail expansion to become India's top PC brand
📝 India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Crisil Ratings
📝 EV industry in India is not relevant without incentives: Bernstein
📝 L&T Semicon expects its chip production to start in 2 yrs; to set up unit later
📝 Tamil Nadu CM Stalin lays foundation stone for Tata Motors' Rs 9,000 cr manufacturing plant in state
📝 SBI plans innovative products to attract depositors amid growing financial awareness
📝 Candytoy partners with Reliance Retail to supply confectionery toys to 1,400 outlets
📝 IDFC to merge with IDFC FIRST Bank, effective October 1
📝 NEDFi reports rise in profit for FY24 by 14.19% to Rs 132.37 crore from Rs 115.92 crore

*Mint*

📝 India's forex reserves surge, reaching record high of $692.3 billion: RBI
📝 Indian steel producers warn of China import surge amid US tariff hike
📝 Flipkart's online sellers sue CCI over antitrust probe
📝 GQG Partners to pay $500,000 as penalty to SEC for violating whistleblower rules
📝 Sebi cuts down timeline for debt securities from T+6 to T+3
📝 Supreme Court to rule on AERA’s powers, may lead to costlier airport services
📝 Reliance-Disney merger ahead: RIL wins govt approval for transfer of channels
📝 The $1.7 billion takeover brawl fueled by a fear of China
📝 Accenture’s Gen AI bets pay off with $3 bn in bookings
📝 First novel Schizophrenia treatment in decades gains FDA approval
📝 Dell mandates in-office work for global sales team after layoffs: Report
📝 Reliance Power to consider stake sale for fundraising, board meeting on Oct 3

Stocks Picker Articles

30 Sep 2024 05:05

*Semiconductor market in India*

Valued at $23.2 Bn in 2022 & it is Projected to reach at $ 80 Bn by 2028 at CAGR growth of 17.1% during the forecast period.

*Semi Conductor Stocks:*

-BHARAT ELECTRONICS LTD (BEL) – Annually spends Rs 1,500 to Rs1,800 crore on importing various types of semiconductors. The semi conductors are required in various highf-end defence systems, equipment and missiles, Result is on tomorrow thereafter will give detail review.

-KAYNES TECHNOLOGIES – RESULT ALREADY CAME. Superb result and excellent presentation and good future. SUPER BULLISH STOCK. ALTHOUGH ENTERING THIS LEVEL IS RISKY TOO. Wait for some correction good price to add between 2500-2700

-MOSCHIP SEMI: Micro cap company and super expensive at present. Entering this level is very risky.

-Tata Electronics: Unlisted company huge potential. Tata Group brand name

-Polymatech: Now trading at 900-950 in Grey Market. At present IPO is hold. DRHP returned by SEBI. Its an Opto Semi conductor space. Although company management is confident about their IPO process in this FY.

-Vedanta: Planning big on this space and Proposed Investment 50K Crs. Although not started yet.

-Adani Group: Adani Group is also aggressive on Semi Conductor space as well as Data Storage space. Adani Enterprise is their main beneficiary company

-Tata Elxi: Tata Elxi is in semi conductor design partner. The company is well-positioned to benefit from the growing market for semiconductor solutions, and its history of technological innovation positions it as a serious competitor for market expansion. Fundamentally: Good.

-ASM Technologies Ltd: Fundamentally not good. Small micro cap company

-Dixon Tech: Super bullish on chart. Fundamentally good. Expensive at present.

-SPEL semi conductor: Highly expensive Bet. Fundamentally very poor. Micro cap company

-MIC Electronics: Micro cap company. Fundamentally wise OK.

-CG Power: As per recent concall and investor presentation. Company has already entered into semi conductor space and started their operation as well. Although current price is risky too for entering. Good price to enter between 550-570

-Surana Telecom: Leading provider of telecom and power solutions based on semiconductors. Fundamentally not good. Valuation highly expensive.

-HCL Tech: The company’s active investments position it as a primary beneficiary of the growing demand for semiconductors, and it has a track record of assisting semiconductor companies. Purely IT company and large cap category.

Conclusion: India’s semiconductor sector is set for transformative expansion, driven by robust demand and substantial government allocations. All depend upon Govt ongoing policy and infrastructure as this is the new emerging sector at present. Highly dependent upon external factor, geopolitical risks as well as equipment imported, pricing power etc.

Stocks Picker Articles

04 Oct 2024 05:28

Forthcoming Event

04th October: NRBBEARING to consider Dividend; Gravita India, RDB Realty & Infrastructure to consider Fund Raising; Senco Gold to consider Stock Split

07th October: Future Market Networks to consider Fund Raising

08th October: VEDL to consider Dividend; Julien Agro Infratech to consider Stock Split

14th October: GOPAL, HCLTECH, VSL to consider Dividend; Exxaro Tiles to consider Stock Split

16th October: Blue Cloud Softech Solutions to consider Stock Split

17th October: INFY to consider Dividend

18th October: ICICIGI to consider Dividend

Stocks Picker Articles

04 Oct 2024 04:56

*Fund Houses Recommendations*


Citi on *Bank Baroda:* Maintain Buy on Company, target price at Rs 300/Sh (Positive)

JP Morgan on *SBIN:* Maintain Overweight on Bank, target price at Rs 1000/Sh (Positive)

Investec on *M&M:* Maintain Buy on Company, target price at Rs 3220/Sh (Positive)

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

Investec on *Cipla:* Maintain Buy on Company, target price at Rs 1900/Sh (Positive)

MS on *Bajaj FIn:* Maintain Overweight on Company, target price at Rs 9000/Sh (Positive)

JP Morganon *Coforge:* Maintain Overweight on Company, raise target price at Rs 9300/Sh (Positive)

Citi on *VBL:* Initiate Buy on Company, target price at Rs 800/Sh (Positive)

Morgan Stanley Comsumer Picks: Mass urban consumption will continue to accelerate. Top picks DMart, Trent, Page, ITC and Brainbees (Positive)

Macquarie on *Dmart:* Maintain Outperform on Company, target price at Rs 5600/Sh (Neutral)

MS on *Dmart:* Maintain Overweight on Company, target price at Rs 5769/Sh (Neutral)

Jefferies on *SBI Cards:* Maintain Hold on Company, target price at Rs 795/Sh (Neutral)

Nomura on *Yes Bank:* Maintain Neutral on Bank, target price at Rs 17/Sh (Neutral)

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

MS on *M&M Fin:* Maintain Equal weight on Company, target price at Rs 320/Sh (Neutral)

GS on *Dmart:* Maintain Sell on Company, target price at Rs 4050/Sh (Negative)

Stocks Picker Articles

04 Oct 2024 04:43

Stock in Action

Crompton Consumer: Crompton Consumer is set to achieve robust growth in the medium term. The company's focus on expanding market share and increasing the proportion of premium products within its fan and lighting portfolios is expected to yield significant results. Additionally, restructuring efforts in the Butterfly business aim to position it as a customer-centric innovative brand. By focusing on agri and solar pumps, premium ceiling lights, and accessories, and launching innovative BLDC fans, Crompton is well-placed to grow its market share. Crompton has outlined a clear growth strategy, which is being actively implemented. This strategic approach prepares the company for its next phase of medium-term growth and positions it to outperform the industry. Key factors driving margin improvement include strong unit economics, a rebound in gross margins, and leveraging benefits from the company's brand investments. Operating margins are expected to improve as the company capitalises on these ongoing efforts. Company's market share in the fan segment has increased from 17-18% to 25% in the last couple of years. It targets to reach 40% in the next 3-4 years. The ongoing growth is fuelled by the strategic focus on competitive pricing and a higher share of premium ceiling fans (both induction and BLDC). The share of premium fans has now reached 25% of the fan portfolio. Large domestic appliances rebounded in the first quarter on account of increasing sales of premium air coolers. The company also launched several premium products in water heaters. The lighting segment continues to show recovery in volume growth in B2C categories such as ceiling lights, battens, and accessories. Crompton is a domestic market leader, generating over Rs 7,000 crore in revenue last year. The business has ample room to grow, with the new management proactively exploring opportunities across product categories. Positive on Crompton Consumer given the future earnings potential.

Power Grid: In the light of the increasing capex and new project inflows, Power Grid has raised its capex guidance to Rs 18,000 crore and expects to incur a similar capex in FY26. This is much higher, compared to the FY24 capex of Rs 12,500 crore. Moreover, the pipeline of projects is strong. The company is sitting on projects worth Rs 1.14 lakh crore. Orders to the tune of close to Rs 70,000-80,000 crore are expected to be executed in the next 24-30 months, supporting good revenue and earnings visibility. In the recent bids for tariff-based projects, the company recorded a share of close to 65%. It is expected that, in the forthcoming bids, it will continue to have a higher share and thus grab more projects. The company has indicated that projects worth close to Rs 1.36 lakh crore would be awarded for inter-state transmission and another Rs 37,000 crore order would come for intra-state transmission lines. That apart, cross-border transmission and international projects provide strong visibility till 2030. Positive on Power Grid given the growing opportunities in the T&D segment, higher winning ratio, and expected improvement in execution.

Stocks Picker Articles

04 Oct 2024 03:58

*SBIN:* Moodys Ratings affirms Baa3 long-term local and foreign currency bank deposit ratings of SBI. (Neutral)

*Premier Polyfilm:* Company will hold a meeting on October 14, 2024 to finalise the record date for the sub-division of its equity shares. T (Neutral)

*M&M Fin:* Overall disbursement down 1% YoY at ₹13,160 cr, Collection efficiency at 96% vs 96% (YoY). (Negative)

Stocks Picker Articles

03 Oct 2024 05:32

Corporate Actions

KRN Heat Exchanger and Refrigeration is set to make stock market debut today, October 03. The issue price is fixed at Rs. 220 per share.

Dividend

04-Oct-24
ACCELYA: Final Dividend - Rs. - 40.00
KPIGREEN: Final Dividend - Rs. - 0.20

07-Oct-24
JWL: Interim Dividend - Rs. - 1.00
KPEL: Final Dividend - Rs. - 0.10

09-Oct-24
SHRADDHA: Interim Dividend

IPO
Garuda Construction and Engineering: Open: 08-Oct-24; Close: 10-Oct-24

Buyback
---

Bonus
Classic Electricals: Bonus Issue 5:1; Ex-Date: 04-Oct-24
Shikhar Leasing & Trading: Bonus Issue 3:1; Ex-Date: 04-Oct-24
NBCC India: Bonus Issue 1:2; Ex-Date: 07-Oct-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 08-Oct-24

Stock Split
Real Eco-Energy: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 04-Oct-24
Godawari Power And Ispat: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 04-Oct-24
Jindal Saw: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 09-Oct-24
Rajnish Retail: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 11-Oct-24
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24

Right Issue
Srivari Spices And Foods: Open: 24-Sep-24; Close: 03-Oct-24
Synergy Green Industries: Open: 23-Sep-24; Close: 04-Oct-24
Advik Capital: Open: 24-Sep-24; Close: 04-Oct-24
Tilak Ventures: Open: 03-Oct-24; Close: 11-Oct-24
Purple Finance: Open: 04-Oct-24; Close: 11-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24

Stocks Picker Articles

03 Oct 2024 05:06

Stock in Action

ZOMATO ltd: Zomato is an Indian multinational restaurant aggregator and food delivery company. Zomato Limited is one of the leading online Food Service platforms in terms of the value of food sold. Broadly, Zomato operates in four business segments: Food delivery, Dining out, Quick delivery commerce and B2B supplying. Its brands include Zomato, Feeding India, Blinkit and Hyperpure. Zomato has established a strong footprint with 247k active food delivery restaurants, 400k active delivery partners, and an average monthly food order of 18.4 million customers. Zomato also offers iconic dishes from legendary restaurants across the country and is currently available in 8 cities in India with 80 restaurants on boarded. Zomato has also partnered with IRCTC to deliver food in train which offers in 80+ train stations across India. It also has a ticketing business whose main focus is currently to build high-quality supply of events on the platform and to this effect it hosted several marquee events in FY24, including the Russell Peters India Tour, The Sneaker Convention and, its flagship IP, Zomaland. Zomato has ~57% market share in food delivery market. Blinkit is a quick commerce marketplace providing on-demand delivery of thousands of products across multiple categories in <15 minutes. Blinkit has 526 stores with 4.8 million sqft warehousing capacity with average GOV per day per store is 797k. Blinkit’s market share in India’s Quick Commerce segment is ~43%. It also has a B2B business supplying quality food ingredients and other products to restaurants and other B2B buyers. The company has a staggering compounded sales growth rate of 82% in the past 3 years, compounded profit growth rate of 34% in the past 3 years. The company is almost debt free and has significantly reduced its working capital days from 208 to 46 in the past year. Positive on Zomato given the strong fundamentals of the company.

VARUN Beverages: Varun Beverages Ltd is a key player in beverage industry and one of the largest franchise of PepsiCo in the world. The company produces and distributes a wide range of carbonated soft drinks, non-carbonated drinks and packaged water sold under trademarks owned by PepsiCo. Over 32 years of strategic association with PepsiCo – accounting for 90%+ of PepsiCo’s beverage sales volume in India. PepsiCo brands produced and sold by the company include Pepsi, Seven-up, Mirinda Orange, Mountain Dew, Tropicana Juices, Lipton, Aquafina, Kurkure, Doritos, etc. Its own brands include Jive, Creambell, Aquaclear, Refreshh, etc. As of Q1FY25, their operations span 10 countries with franchise rights and 4 countries with distribution rights. As of Q1FY25, VBL has 48 state of the art facilities, 36 manufacturing facilities in India and 12 internationally. It has a robust supply chain with 130+ owned depots, 2,500+ owned vehicles, 2,500+ primary distributors, and currently installed 1.02 million+ visi-coolers, reaching 4 million+ outlets. Their strong network has a reach to every 5th person in the world. The Company has established backward integration facilities for production of preforms, crowns, plastic closures, corrugated boxes, corrugated pads, plastic crates, and shrink-wrap films in certain facilities to ensure operational efficiencies and high-quality standards. It has engaged with GEM Enviro Management Pvt Ltd for phased implementation of 100% recycling of used PET bottles through collection from end users by placing dustbins in reverse vending machines, direct collection from Institutions, etc. It also has subsidiaries in Mozambique & Johannesburg, franchise agreement with PepsiCo to manufacture and distribute in Zimbabwe and Zambia, and acquisitions in South Africa. It has a strong demand of its products. It has a strong compounded sales growth of 35% for the past 3 years, compounded profit growth of 77% for the past 3 years, return on equity of 30% for the past 3 years. Positive on Varun Beverages given the strong manufacturing, distribution and demand of the products of the company.

Stocks Picker Articles

03 Oct 2024 04:50

*Godawari Power:* Reminder for stock split from Rs 5 to Rs 1. Ex-date is 04th October 2024. (Neutral)

*Godawari Power:* Company has appointed Mr. K.V.S.N. Raveendra as Chief Operating Officer effective October 1, 2024 (Neutral)

*Veefin:* Company has acquired a 26% stake in Regime Tax Solutions Pvt Ltd (Tax Genie) through its subsidiary, Estorifi Solutions Pvt Ltd. (Neutral)

*South Indian Bank:* Provisional gross advances up 13.07% for quarter ended September, provisional total deposit rose 8.62% (YoY) (Neutral)

*Thermax:* Company’s unit Thermax engineering Singapore makes further investment in unit Thermax (Thailand), investment of Rs 259 million. (Neutral)

*Tata Consultancy Services:* Company has announced a record date for the second interim dividend, pending board approval on October 10, 2024. (Neutral)

*Vaibhav Global:* Company Entered Into Spa for Transfer of Entire Shareholding in Encase Packaging (Neutral)

*Varroc Engineering:* Company unit enter into power purchase agreement with Ampin energy C&I thirty; agreement for acquisition of 26% stake in SPVS for up to Rs 97.2 million (Neutral)

*NMDC:* September total production at 3.04 MT, September total sales 3.54 MT vs 3.11 MT (YoY). (Neutral)

*Dabur:* Company expected to post a mid-single digit decline in consolidated revenue for September quarter. (Neutral)

*ESAF Small Finance Bank:* Company has decided to engage M/S. KYNDRYL solutions as the master system integrator of the Bank (Neutral)

*ITC:* Arm ITC Infotech India acquires 100% shares of Blazeclan Technologies for ₹485 crore. (Neutral)

*Mankind Pharma:* CCI approves Mankind Pharma's proposed acquisition of Bharat Serums and Vaccines for Rs 13,630 crore. (Neutral)

*Reliance Infra:* Company to raise approx Rs 2,930 crore via foreign currency bonds (Neutral)

*Adani Enterprises:* Company is looking to raise about $1.3 billion through a QIP: Bloomberg. (Neutral)

*Coal India:* Company reports provisional 1% decline in coal production to 50.9 million tonne in September. (Neutral)

*PVR:* Company opened 5-screen multiplex at Alveal Fun Savvy Mall, Coimbatore, Tamil Nadu. (Neutral)

*Spice Jet:* Company clears salary dues totalling Rs 120 crore for its employees over the past four months. (Neutral)

*HCG:* Company has completed the upfront acquisition of 51% equity share capital of Vizag Hospital (Neutral)

*Suzlon:* Company has been issued an advisory cum warning letter from both the NSE and BSE, concerning non-compliance with the SEBI. (Neutral)

*Dalmia Bharat:* Company to acquire 25.38% of equity share capital of Bijlee Kandasamy Private Limited (Neutral)

*All Cargo:* Company has considered and approved the sale of its 7.60% equities of Haryana Orbital Rail held by the Company to Allcargo Terminals Limited, Promoter Group Company for total consideration of Rs.115 crores. (Neutral)

*Zuari Ind:* Company has acquired 50% stake in Forte Furniture Products from Fabryki Mebli Forte S.A. (Neutral)

*Hindustan Zinc:* Company's mined metal production up 2% year-on-year. (Neutral)

*OLA:* Company sold 23965 vehicles in September vs 26928 vehicles MoM. (Negative)

*Marico:* Company expects gross margins to decline annually. (Negative)

Stocks Picker Articles

01 Oct 2024 05:32

Forthcoming Event

01st October: Godrej Properties, Lancer Container Lines, Reliance Infrastructure to consider Fund Raising

03rd October: JTL Industries to consider Bonus issue & Stock Split; Refex Industries, Shiva Granito Export, Swojas Energy Foods to consider Fund Raising

04th October: NRBBEARING to consider Dividend; Gravita India, RDB Realty & Infrastructure to consider Fund Raising; Senco Gold to consider Stock Split

08th October: VEDL to consider Dividend; Julien Agro Infratech to consider Stock Split

14th October: GOPAL, HCLTECH, VSL to consider Dividend; Exxaro Tiles to consider Stock Split

16th October: Blue Cloud Softech Solutions to consider Stock Split

17th October: INFY to consider Dividend

18th October: ICICIGI to consider Dividend

Stocks Picker Articles

01 Oct 2024 04:50

Stock in Action

Reliance Industries ltd: Reliance Industries is the largest revenue maker in the country that has diversified its business on multiple fronts like petrochemicals, natural gas, retail, trade, telecommunications, mass media, textiles, and energy production. Its key products include JIO, RELIANCE FRESH, VIACOM 18, CNBC, AJIO, HAMLEYS, JIO CINEMA, etc. It has a crude refining capacity of 1.4 million barrels per day. It also has the largest single site refinery complex globally. Its Jamnagar refinery is the world’s largest, integrated, single location refining complex. The company is the largest retailer in India with various store concepts selling consumer electronics, fashion & lifestyle, groceries, pharma and connectivity. It operates ~15,200 retail stores and has a customer base of ~19 crore customers. Reliance Retail undertook significant expansion in FY22 adding on avg. 7 stores every day and crossed the milestone of 15,000 stores. Jio Digital is India's largest digital services platform with a total subscriber base of ~41 crore subscribers and a market share of 36% in India. It carried ~10% of the global mobile data traffic in 2021. The company became the largest broadband provider in India with a market share of 50% within just 2 years of launch. RIL as an integrated E&P Operator is India’s leading Deepwater Operator. It went from producing 2% of India's total gas in Q3FY21 to ~20% in FY22. The company owns Network 18 Media which has presence across full spectrum of content genres such as news, entertainment, sports, movies and live entertainment. It purchased the streaming rights of IPL and cricket in India under Jio Cinema. It has also partnered with Disney to provide unparalleled content at affordable price. Positive on Reliance Industries given the strong fundamentals and wide portfolio diversification of products of the company.

Siemens ltd.: Siemens ltd. reported steady revenue growth of 6.8% YoY and EBITDA margin expansion of 166 bps YoY during Q3SY2. Despite continued weakness in Digital Industries order intake, total order inflows remain healthy driven by the Smart Infra, Energy, and Mobility segments. Demand is expected to sustain on the back of the government’s focus on infrastructure capex along with an uptick in private capex. In order to cater to the growing demand, the company has announced over Rs 1000 crore capex this year to expand capacities in power transformers, vacuum interrupters, gas insulated switchgears, and metro train manufacturing. Order inflows for Q3SY24 rose 18% YoY to Rs 6250 crore driven by Smart Infra, Mobility and Energy, while order intake in Digital Industries continues to remain weak. Order book stands at Rs 21,700 crore which is 1.0x TTM revenue. (excluding the Rs26,300 crore locomotive order). Siemens remains confident as the business opportunities exists across business verticals and expects ordering activity to pick up. Data centers, metros & railways are witnessing traction. The overall enquiry pipeline is strong, particularly in areas such as transmission, EV, electrification, data centers, pharma, chemicals, electronics, battery storage, etc. Positive on Siemens ltd. given the healthy order book which provides good revenue growth visibility.

Stocks Picker Articles

01 Oct 2024 04:15

*Bank of Maharashtra:* Bank launches QIP, sets floor price at Rs 60.37/share. (Neutral)

*Andhra Cements:* Company files draft letter of offer with SEBI, BSE & NSE for proposed rights issue. (Neutral)

*Gas based stocks:* Oil Ministry: Caps gas price from difficult fields at $10.16/MMBTU. (Neutral)

*PC Jeweller:* Vishan Deo to replace Sanjeev Bhatia as Chief Financial Officer. (Neutral)

*Gold Financing Stocks:* RBI finds several irregularities in practice of loans against gold ornaments and jewellery. (Negative)

Stocks Picker Articles

30 Sep 2024 05:27

Corporate Actions

Manba Finance is set to make stock market debut today, September 30. The issue price is fixed at Rs. 120 per share.

Dividend

04-Oct-24
ACCELYA: Final Dividend - Rs. - 40.00
KPIGREEN: Final Dividend - Rs. - 0.20

07-Oct-24
JWL: Interim Dividend - Rs. - 1.00
KPEL: Final Dividend - Rs. - 0.10

09-Oct-24
SHRADDHA: Interim Dividend

IPO
Diffusion Engineers: 26-Sep-24; Close: 30-Sep-24

Buyback
---

Bonus
Classic Electricals: Bonus Issue 5:1; Ex-Date: 04-Oct-24
Shikhar Leasing & Trading: Bonus Issue 3:1; Ex-Date: 04-Oct-24
NBCC India: Bonus Issue 1:2; Ex-Date: 07-Oct-24
Power Mech Projects: Bonus Issue 1:1; Ex-Date: 08-Oct-24

Stock Split
Integrated Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 01-Oct-24
Real Eco-Energy: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 04-Oct-24
Godawari Power And Ispat: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 04-Oct-24
Jindal Saw: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 09-Oct-24
Rajnish Retail: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 11-Oct-24
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24

Right Issue
Akshar Spintex: Open: 09-Sep-24; Close: 30-Sep-24
Patel Integrated Logistics: Open: 19-Sep-24; Close: 01-Oct-24
Sadhana Nitrochem: Open: 20-Sep-24; Close: 01-Oct-24
Srivari Spices And Foods: Open: 24-Sep-24; Close: 03-Oct-24
Synergy Green Industries: Open: 23-Sep-24; Close: 04-Oct-24
Advik Capital: Open: 24-Sep-24; Close: 04-Oct-24
Tilak Ventures: Open: 03-Oct-24; Close: 11-Oct-24
Purple Finance: Open: 04-Oct-24; Close: 11-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24

Stocks Picker Articles

30 Sep 2024 05:07

📈 IPOs NEWS 📈

📢Mainboard IPO Listing Today 🗓️
📍Manba Finance Limited IPO

📢Mainboard IPO Final Day Today 🗓️
📍Diffusion Engineers Limited IPO

📢Mainboard IPO Allotment Expected Tonight 🗓️
📍KRN Heat Exchanger and Refrigeration Limited IPO

📢SME IPOs Listing Today 🗓️
📍Rappid Valves (India) Limited IPO
📍WOL 3D India Limited IPO

📢SME IPOs Opening Today 🗓️
📍Subam Papers Limited IPO
📍Paramount Dye Tec Limited IPO
📍NeoPolitan Pizza and Foods Limited IPO

📢SME IPO Closing Today 🗓️
📍Divyadhan Recycling Industries Limited IPO
📍Sahasra Electronics Solutions Limited IPO
📍Forge Auto International Limited IPO
📍Nexxus Petro Industries Limited IPO

📢SME IPO 2nd Day Today🗓️
📍HVAX Technologies Limited IPO
📍Saj Hotels Limited IPO

📢SME IPO Allotment Expected Tonight🗓️
📍Thinking Hats Entertainment Solutions Limited IPO
📍Unilex Colours and Chemicals Limited IPO
📍TechEra Engineering LImited IPO

Stocks Picker Articles

30 Sep 2024 05:07

*Companies with an Order Book Greater Than Market Cap*

NCC Limited
* Market Cap: ₹21,328 Cr
* Order Book: ₹57,536 Cr

J Kumar Infra Projects
* Market Cap: ₹6,780 Cr
* Order Book: ₹21,011 Cr

G R Infraprojects
* Market Cap: ₹17,355 Cr
* Order Book: ₹21,126.7 Cr

H.G. Infra Engineering
* Market Cap: ₹11,288 Cr
* Order Book: ₹12,434 Cr

Ircon International
* Market Cap: ₹26,311 Cr
* Order Book: ₹27,208 Cr

Patel Engineering
* Market Cap: ₹5,826 Cr
* Order Book: ₹18,631 Cr

Capacit’e Infraprojects
* Market Cap: ₹2,548 Cr
* Order Book: ₹9,000 Cr

Skipper Limited
* Market Cap: ₹4,235 Cr
* Order Book: ₹6,215 Cr

Stocks Picker Articles

30 Sep 2024 05:05

*22 Monopoly Stocks in India for Investment!* 📊💼

Monopolies aren't just powerhouses—they dominate entire industries! Check out these companies that rule their sectors:

1. IRCTC – 💯% in the ticketing business.
2. HAL – 💯% in defense manufacturing.
3. CDSL – 59% of the depository market.
4. Coal India – 82% of India's coal production.
5. Pidilite – 70% share in adhesives.
6. Nestlé – 96.5% of the cerelac market.
7. MCX – 92% of India's commodities exchange.
8. Syngene – 50% in CRAMS (contract research).
9. Praj Industries – 60% in ethanol plant installations.
10. Asahi India Glass – 77% of automotive glass, 50% in architecture.
11. Hindustan Zinc – 78% of zinc production.
12. ITC – 77% of the cigarette market.
13. CONCOR – 68.52% of cargo carriage.
14. BHEL – 67% of the power equipment sector.
15. DreamFolks – India’s largest airport service aggregator.
16. APL Apollo – 50% share in pre-galvanised & structural tubes.
17. Borosil Renewables – India’s only solar glass maker for over a decade.
18. BKT – 6% of global, 30% of India’s off-highway tires.
19. IEX – 95% of short-term electricity contracts.
20. CAMS – 70% of the mutual fund market.
21. Marico – 73% of oil products.
22. NOCIL – 40% of rubber chemical manufacturing in India

Stocks Picker Articles

30 Sep 2024 04:41

Stock in Action

TATA POWER: Tata Power is one of India's most promising players in the energy landscape, with a robust footprint in generation, renewables, transmission, distribution, and cutting edge energy solutions spanning thermal, hydro, solar, wind, and hybrid sources. It is actively strengthening its generation capacity, amplifying its transmission and distribution network, spearheading rooftop solar initiatives, and venturing into energy storage solutions and emerging sectors, positioning itself as pioneers in future-ready energy ecosystems. It is India’s largest vertically integrated power company. Its aim is to produce electricity through renewable energy, be carbon net zero before 2045, zero waste to landfill by 2030, water neutral by 2030, no net loss to biodiversity by 2030 and leverage technology to create IoT, smart grids, robotic panel cleaning, etc. Tata Power has singed many MOUs and joint ventures with companies in renewable energy like NHPC Renewable Energy Limited for Ambitious Solar Initiative for Government Building and Tata Steel. It also plans to build 1 lakh EV charging stations by 2025. It has a joint venture with Tata Motors to build EV charging stations across the nation. It is the largest company for solar rooftop EPC. The expansion of renewable sources of energy like solar, wind, hydro and EV sector is further boosted by government’s subsidies, new plans and policies under the renewable sector which was presented in this year’s budget. Positive on Tata Power given the strong fundamentals and traction in the renewable sources of energy.

HUL: Hindustan Unilever is in the FMCG business comprising primarily of Home Care, Beauty & Personal Care and Foods & Refreshment segments. HUL is a subsidiary of Unilever, one of the world’s leading manufacturers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries. It is one of India’s largest Fast-moving Consumer Goods (FMCG) Companies with best-in-class ESG ratings. It is rated as the number one employer of choice across sectors. It has a wide and resilient portfolio of 50+ brands spanning 16 FMCG categories, which are a part of the everyday life of millions of consumers across India. It includes brands such as DOVE, LAKME, KISSAN, KWALITY WALLS, LIPTON, SURF EXCEL, PEPSODENT, etc. The company is the market leader in many product categories such as skin cleansing, skin care, hair care, fabric wash, household care, tea, health food drinks and ketchup. It is a market leader in ~90% of its businesses. The Company has manufacturing facilities across the country and sells primarily in India. HUL's sales via e-commerce continue to be a strong growth driver and are growing ahead of the market. HUL's distribution network includes: over 4,000 redistribution stockists, 35 carrying and forwarding agents, over 6,000 sub-stockists, and 9 million+ retail outlets. It has a B2B app which are used by more than 1.3million users and 10 D2C websites. 9 out of 10 households in Indi uses one or more brands of HUL. Positive on Hindustan Unilever given the strong fundamentals and distribution of the company.