Stocks Picker Articles

25 Nov 2024 03:51

*Stocks in News*


*Kaynes Technology:* Rating Upgraded to ICRA A- (Positive) from ICRA BBB+ (Stable). (Positive)

*Bharti Airtel:* S&P Global Ratings reaffirmed Bharti Airtel's BBB- rating and revised its outlook to positive from stable (Positive)

*Central Bank of India:* RBI approved Central Bank of India's entry into the insurance business via a joint venture with Generali. (Positive)

*Prakash Industries:* Company gets mining lease of Bhaskarpara commercial coal mine from Chhattisgarh Govt. (Positive)

*RITES:* Company secures revised order for Railway Electrification work from Northeast Frontier Railway worth Rs 531.77 Cr (Positive)

*Mahindra Lifespace:* Company’s subsidiary and Sumitomo Corp. agreed to invest Rs 225 crore to expand an industrial park in Tamil Nadu. (Positive)

*Paras Defence:* Company inaugurates advanced optical systems testing facility in Navi Mumbai (Positive)

*Cochin Shipyard:* Company signed an MOU with Seatrium Letourneau USA for jack-up rig designs for the Indian market, leveraging CSL's shipbuilding expertise and SLET's design capabilities. (Positive)

*Oberoi Real/Godrej Prop/ Macrotech:* Mumbai sees 11.5% year-on-year growth in luxury home rates during September quarter. (Positive)

*VST Industries:* Company sold a 2.7-acre property in Hyderabad for Rs 101.7 Cr. (Positive)

*PVR INOX:* Company expects to surpass 150 million footfalls in 2024. (Positive)

*RVNL:* Company gets LoA for a project worth Rs 837 cr from Eastern Railway. (Positive)

*Urban Enviro:* Company secured two new work orders from Borsad Municipality, Gujarat totaling Rs 168 million. (Positive)

*Zaggle Prepaid:* Company has entered into an agreement with Golden Jasraj Music Platforms Pvt. Ltd. (Positive)

*Escorts:* Arm Escorts Kubota Finance intends to commence its non-banking financial institution business activities (Positive)

*Zomato:* BSE to drop JSW Steel from Sensex, adds Zomato from Dec 23 (Positive)

*Aurobindo Pharma:* Subsidiary, signed a collaboration & license agreement with a global pharma major for respiratory products. USD 25 mn upfront payment received (Positive)

*Waaree Tech:* Received purchase order for 530 solar kits. (Positive)

*HG Infra:* Received letter of award for 500 MW battery storage project. (Positive)

*IGL:* Company hikes CNG price by Rs 1.5-4/kg in areas other than Delhi (Positive)

*Hero MotoCorp:* Company and US partner in advanced stage of developing mid-sized electric bike. (Positive)

*LTIMindtree:* Company incorporates JV entity ‘LTIM Aramco Digital Solutions for Information Technology’ in Saudi Arabia (Positive)

*CESC:* Eminent to acquire 100% stake in Chandigarh power distributor for ₹871 crore. (Neutral)

*Afcons:* Lower other expenses and tax reversals increase PAT (Neutral)

*Thirumalai Chemicals:* Company secured Rs 200 Cr term loan from Federal Bank to further invest in TCL Specialties LLC. (Neutral)

*Ipca Laboratories:* Company announces a revised record date of November 27, 2024, for interim dividend entitlement for FY24-25. (Neutral)

*Jyoti Structures:* Company to raise up to Rs 500 crore via rights issue. (Neutral)

*MTNL:* Company could not fund ESCROW account with adequate amount due to insufficient funds. (Neutral)

*BSE:* Company introduction of futures & options contracts on 43 individual securities (Neutral)

*Karnika Industries:* Company to setup new plant at Gurgaon for production of denims. (Neutral)

*LG Balakrishnan:* Investing Rs. 50 Crores for capacity expansion in Chennai. (Neutral)

*Protean Egov:* NSE investments to exercise oversubscription option in protean Egov technologies OFS (Neutral)

*UPL:* Long-term bank facility rating downgraded from CARE AA+ to AA; outlook revised from Negative to Stable. (Neutral)

*GPIL:* Company acquired 21.46% equity stake in Jammu Pigments Ltd for Rs 69.54 Cr and subscribed Rs 175 Cr in CCPS, aiming for 51% stake post conversion. (Neutral)

Stocks Picker Articles

22 Nov 2024 04:13

40% of the sales came from infrastructure, 31% from distribution, 15% from building and construction, 10% from engineering and packaging, and 3% from the automotive industry. By deliberately creating specialized product offers in plates, structural, rebar, and fabricated solutions, it holds a 55% market share in the construction and infrastructure segment. By creating grades for industries with high CAGR, such as shipbuilding, renewable energy, and defence, it is increasing the overall proportion of VAG products. Its quarterly rail exports were the greatest ever. It has a robust distribution network with 47 distributors and 6 yards, a presence in all states of India with a dealer network of 4350, 19 experience centres which are strategically placed, 34,000 influencers enrolled in 9 high-growth states, and an expanded retail product portfolio with the addition of hollow sections. *Positive on Jindal Steel and Power given the strong fundamentals and performance of the company.*

Stocks Picker Articles

22 Nov 2024 04:12

*Fund Houses Recommendations*

Investec on *Sobha:* Initiate Buy on Company, target price at Rs 2150/Sh (Positive)

GS on *Info Edge:* Maintain Buy on Company, target price at Rs 8600/Sh (Positive)

Jefferies on *SBIN:* Maintain Buy on Bank, target price at Rs 1030/Sh (Positive)

Bernstein on *REC:* Maintain Outperform on Company, target price at Rs 653/Sh (Positive)

Bernstein on *PFC:* Maintain Outperform on Company, target price at Rs 620/Sh (Positive)

MS on *Reliance Ind:* Maintain Overweight on Company, target price at Rs 1662/Sh (Positive)

Jefferies on *Chemicals:* Innovators have broadly maintained CY24 guidance while guiding for gradual recovery in CY25. *PI Ind* is preferred pick (Positive)

JP Morgan on *Reliance Ind:* Maintain Overweight on Company, cut target price at Rs 1468/Sh (Neutral)

MS on *HCL Tech:* Maintain Equal weight on Company, target price at Rs 1970/Sh (Neutral)

UBS on *L&T:* Maintain Neutral on Company, target price at Rs 4000/Sh (Neutral)

Stocks Picker Articles

21 Nov 2024 03:56

*Fund Houses Recommendations*

Bernstein on *PayTM:* Maintain Outperform on Company, target price at Rs 1000/Sh (Positive)

Axis Cap on *Indus Towers:* Initiates Add on Company, target price at Rs 356/Sh (Positive)

GS on *Eicher Motors:* Maintain Buy on Company, raise target price at Rs 5900/Sh (Positive)

MS on *Indian Hotels:* Maintain Over on Company, target price at Rs 759/Sh (Positive)

Jefferies on *Indian Hotels:* Maintain Buy on Company, raise target price at Rs 900/Sh (Positive)

MS on *PI Ind:* Maintain Equal weight on Company, raise target price at Rs 4310/Sh (Positive)

Citi on *India Strategy:* Domestic flows continue to be robust, but sentiment may be tested if FII sell-off sustains. Upgrade *Cement sector* to overweight from Neutral (Positive)

JPMorgan on *Steel:* India’s coking coal imports & domestic coking coal production growth slowed down in H1FY25. Prefer JSW Steel and Tata Steel (Positive)

MS on *Deepak NTR:* Maintain Equal weight on Company, cut target price at Rs 3000/Sh (Neutral)

CLSA on *Wipro:* Maintain Outperform on Company, target price at Rs 606/Sh (Neutral)

Investec on *Adani Energy:* Initiate Buy on Company, target price at Rs 1352/Sh (Neutral)

GS on *Vodafone Idea:* Maintain Sell on Company, target price at Rs 2.4/Sh (Neutral)

BofA on *Nykaa:* Downgrade to Underperform on Company, cut target price at Rs 150/Sh (Negative)

Stocks Picker Articles

21 Nov 2024 03:33

*Stocks in News*


*GRSE:* Company signed a contract worth Rs 226.18 crore with West Bengal's Transport Department for designing, building, and maintaining 13 hybrid electric ferries. (Positive)

*Tata Power:* Company and Bhutan's Druk green power corporation ltd forge partnership to develop 5,000 mw of clean energy projects in landmark regional collaboration (Positive)

*JSW Steel:* Company declaration as a "preferred bidder" for CODLI mineral block-xii, Dharbandora, projected iron ore resources is 48.5 million Tonned (Positive)

*Aegis Logistics:* Company arm Aegis Vopak Terminals has filed draft red herring prospectus (DRHP) for an IPO. (Positive)

*Rulka Electricals:* Company received new orders totaling Rs 1.48 Cr Orders include electrical work in Maharashtra (Positive)

*Deccan gold mines:* Drilling program of unit reveal new high-grade intersections, drilling results indicates potential to augment gold resources (Positive)

*Paytm:* Users will be able to make UPI payments at select international locations. (Positive)

*Godrej Properties:* Company acquires 53-acre of land in Joka, Kolkata, with an estimated revenue potential of nearly Rs 500 cr (Positive)

*Indus Tower:* Supreme Court allows telecom companies to claim tax credits for towers, tower parts, shelters, and the likes. (Positive)

*Bharti Airtel:* Company Secures Multi-Billion 5G Deal with Nokia (Positive)

*Tata Elxsi:* Company, DENSO, and AAtek have opened a Robotics and Automation Innovation Lab in Frankfurt. (Positive)

*BEML:* Company wins Rs 246. 8 Crores order for 48 BH60M Rear dump trucks from Central Coalfields (Positive)

*Zaggle Prepaid:* Company has entered into an agreement with Strada India Pvt. Ltd. (Positive)

*KFBL:* Company has received a bulk order to supply Alcomax of 100 MT per month for the coming six months amounting to Rs. 20-25 Crores. (Positive)

*RITES:* Company signs MoU with Nise for assuring quality in green energy (Positive)

*JSW Holdings:* Sajjan Jindal says targetting PO for JSW Cement by January 2025 (Positive)

*UPL:* Company announced $350m investment in Advanta by Alpha Wave Global (Positive)

*GNFC:* Company signs MoU with INEOS to build a new world scale acetic acid unit in India (Positive)

*Wipro:* Company and Lineaje Collaborate to Boost Enterprise Software Supply Chain Security. (Positive)

*UPL:* Company Alpha Wave Global announced the signing of agreements under which Alpha Wave Global will invest $350 million to acquire approximately 12.5% stake in Advanta Enterprises, a subsidiary of UPL (Positive)

*Tata Technologies:* Company has today signed a MoA with Department of Industries & Commerce, Government of Tripura, for ITI Upgrade project for upgrading 19 ITI across Tripura. (Positive)

*Vakrangee:* Company partners with Bangiya Gramin Vikash Bank to boost financial inclusion in rural West Bengal (Positive)

*EaseMy Trip:* Company partners with BNZ Green to promote eco-friendly travel (Positive)

*TRENT:* Siddhartha Yog buys a stake worth Rs 843.2 crore in Trent through an open market transaction. (Positive)

*PSP Projects:* Adani Infrastructure makes open offer acquisition of 1 crore shares at Rs 642.06/share. (Positive)

*Winsol Engineers:* Company received Rs 48 Cr worth of orders from Juniper Green Energy for supply and services related to a 220 KV transmission line project (Positive)

*Godfrey Phillips:* Company declares interim dividend of ₹35 per share (Neutral)

*Adani Energy:* Company has acquired 100% equity of Pune-III Transmission Ltd, including new transmission lines and substations. (Neutral)

*PNC Infratech:* Company has received in-principle approval from the NHAI to transfer 100% stake in its subsidiary companies to Highways Infrastructure Trust. (Neutral)

*Coforge:* Company has completed acquisition of 32.68% stake in Cigniti Technologies Limited (Neutral)

*Aditya Birla Capital:* Company invests ₹100 crore in arm Aditya Birla Capital Digital on rights basis. (Neutral)

Stocks Picker Articles

19 Nov 2024 04:05

*Corporate Actions*

Regis Industries has approved the proposal of sub- division of Company's 1 equity shares of face value of Rs. 10/- each into 10 equity shares of face value of Rs 1/-each subject to approval by shareholders

Bharat Global Developers has approved issue of Bonus Shares in the ratio of 08: 10 i.e. 8 new Bonus Equity Shares of Re. 10/- each for every 10 existing Equity Share of Re. 10/- each held, subject to approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. Also recommended sub-division of equity shares to face value of Rs. 1.00 per equity share from the existing face value of Rs. 10.00 per equity shares.

*Dividend*

*19-Nov-24*
ONGC: Interim Dividend - Rs. - 6.00
GPPL: Interim Dividend - Rs. - 4.00
AKZOINDIA: Interim Dividend - Rs. - 70.00
RSYSTEMS: Interim Dividend - Rs. - 6.50
NAVNETEDUL: Interim Dividend - Rs. - 1.50
CHAMBLFERT: Interim Dividend - Rs. - 5.00
AKCAPIT: Interim Dividend - Rs. - 12.00
ASHOKLEY: Interim Dividend - Rs. - 2.00
TRANSCOR: Interim Dividend - Rs. - 0.30
GESHIP: Interim Dividend - Rs. - 7.20
PGHH: Final Dividend - Rs. - 95.00
VAIBHAVGBL: Interim Dividend - Rs. - 1.50
PPAP: Interim Dividend - Rs. - 1.00
ESABINDIA: Interim Dividend - Rs. - 25.00
COCHINSHIP: Interim Dividend - Rs. - 4.00
TANAA: Interim Dividend - Rs. - 1.00
PRECWIRE: Interim Dividend - Rs. - 0.35
VIDHIING: Interim Dividend - Rs. - 1.00
SAKSOFT: Interim Dividend - Rs. - 0.40
ASIANPAINT: Interim Dividend - Rs. - 4.25
NAUKRI: Interim Dividend - Rs. - 12.00
SAFARI: Interim Dividend - Rs. - 1.50
MRF: Interim Dividend - Rs. - 3.00

*21-Nov-24*
AMRUTANJAN: Interim Dividend - Rs. - 1.00
SATIA: Interim Dividend - Rs. - 0.10
GMMPFAUDLR: Interim Dividend - Rs. - 1.00
NXST: Income Distribution RITES


*IPO*
NTPC Green Energy: Open: 19-Nov-24; Close: 22-Nov-24

*Buyback*
---

*Bonus*
Shakti Pumps (India): Bonus Issue 5:1; Ex-Date: 25-Nov-24
Raghav Productivity: Bonus Issue 1:1; Ex-Date: 29-Nov-24

*Stock Split*
Sudarshan Pharma: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 23-Nov-24

*Right Issue*
PMC Fincorp: Open: 07-Nov-24; Close: 19-Nov-24
Hindware Home Innovation: Open: 07-Nov-24; Close: 22-Nov-24
Thinkink Picturez: Open: 04-Nov-24; Close: 22-Nov-24
Diligent Industries: Open: 11-Nov-24; Close: 25-Nov-24
Mercury Trade Links: Open: 07-Nov-24; Close: 05-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24

Stocks Picker Articles

19 Nov 2024 03:36

*Fund Houses Recommendations*

Citi on *Indus Towers:* Maintain Buy on Company, target price at Rs 485/Sh (Positive)

GS on *Indigo:* Maintain Buy on Company, target price at Rs 4800/Sh (Positive)

UBS on *R.K. Forging:* Maintain Buy on Company, target price at Rs 1500/Sh (Positive)

UBS on *Life Insurance:* Believe insurance companies' growth has been largely driven by ULIP segment (Positive)

CLSA on *M&M:* Maintain Outperform on Company, target price at Rs 3440/Sh (Neutral)

MS on *Suzlon:* Upgrade to Overweight from Equal-weight; cut target price to Rs 71 from Rs 78 (Neutral)

HSBC on *Glenmark:* Maintain Hold on Company, target price at Rs 1600/Sh (Neutral)

Stocks Picker Articles

18 Nov 2024 04:32

*Forthcoming Event*

18th November: Aerpace Industries, NHC Foods, Sonalis Consumer Products to consider Fund Raising; Regis Industries to consider Stock Split; Bharat Global Developers to consider Dividend, Bonus issue & Stock Split

19th November: GODFRYPHLP to consider Dividend; ACE Men Engg Works, Sealmatic India to consider Fund Raising

20th November: Ceenik Exports (India) to consider Dividend & Bonus issue; D. P. Abhushan, Elitecon International, TARC, Tantia Constructions to consider Fund Raising

21st November: INDOUS to consider Dividend; Jonjua Overseas to consider Fund Raising

29th November: Darshan Orna to consider Bonus issue

Stocks Picker Articles

18 Nov 2024 04:24

*Stock in Action*

*THERMAX:* Thermax Limited offers solutions to energy, environment and chemical sectors. It has 14 manufacturing locations, out of which 10 are in India and 4 are in abroad. It has sales and service present in 30+ countries, and installations in 90+ countries. The cooling needs are met through Waste Heat Recovery for a Mushroom Plant. It is one stop solution for Water & Wastewater Treatment Plant for a Leading Oil Refinery. It’s a biomass Fired Boiler for a Food Major. It is helping an Indian Distillery manage emissions. TBWES installs a first-of-its kind Reciprocating Grate for a Sugar Major in South India. TBWES secures energy project orders in Botswana. It has a repeat order for a Cogeneration Plant from a Leading Distillery in West Bengal. TOESL drives energy transition with Green Steam solutions for Leading Food and Confectionery MNCs. It is empowering Tamil Nadu with Green Energy solutions. It laid the foundation for its new chemical facility in Indonesia. In Q2FY25, the company reported Net Revenue at Rs. 2611.6 crore, +13.4% YoY, and +19.6% QoQ. EBITDA at Rs. 278 crore, +35.8% YoY and +96.9% QoQ. EBITDA Margin at 10.6%, +176 bps YoY and +418 bps QoQ. Net Profit at Rs. 198 crore, +24.8% YoY and +81% QoQ. It has order book of Rs. 3353 crore, +70% YoY, and order balance of Rs. 11593 crore, +13% YoY. Order booking is higher due to large orders in Infra Energy segment. Improved performance in Industrial Products on account of increased revenue and better margins. Industrial Infra Q2 profitability is better due to PSI income, however, YTD profitability is lower due to lower margins in projects due to cost overruns in Q1. Green Solutions PBIT is improved due to higher revenue. Chemical segment profitability is lower due to higher input costs. Thermax Partnered with Ceres for Green Hydrogen Production with Large-Scale Solid Oxide Electrolysis Cell (SOEC) Manufacturing in India. *Positive on Thermax given the strong fundamentals and performance of the company.*

*NALCO:* National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium. It is a Navratna company and Integrated Aluminium Producer encompassing mining ore to metal. It is one of the lowest cost producers of Alumina. It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in India and one of the largest integrated primary producers of aluminium in Asia. It has operations in mines, refinery, CPP, smelter, port facility, wind power, etc. it has products in metal, alumina, power, etc. it has an excellent corporate image, strong balance sheet, and is a debt free company insulated in high interest cost scenarios and capacity to borrow to fund future growth plans. It has reasonable cash and liquid investments, has Integrated operation and strategically located. It has Captive Bauxite Ore & Coal Mines to take care of future need. It is a high Dividend paying PSU. The company has started the operation of Utkal-D Coal mines and Utkal-E Coal mines and operationalized a Caustic Soda plant at Dahej, Gujarat in JV with GACL in FY24. It has captive coal mines at Angul to meet the coal requirement of the power plant. In Q2FY25, the company reported Net Revenue at Rs. 4001.5 crore, +31.5% YoY, and +40.1% QoQ. EBITDA at Rs. 1549 crore, +290.3% YoY and +65.8% QoQ. EBITDA Margin at 38.7%, +2567 bps YoY and +600 bps QoQ. Net Profit at Rs. 1046 crore, +458.3% YoY and +77.8% QoQ. The company has a corporate plan with a 3-year action plan, 7-year strategy, and 15-year vision to boost revenue and profitability. The cash conversion cycle has reduced from 69 to 50 in March 2024. *Positive on NALCO given the strong fundamentals and performance of the company.*

Stocks Picker Articles

18 Nov 2024 03:59

*Dr Reddy/FDC:* Recalling generic medications in the US market due to manufacturing issues. (Neutral)

*Samvardhana Motherson:* Company aims to reduce debt in upcoming quarter, says COO Pankaj Mital. (Neutral)

*ABB India:* Company gets warning letter from SEBI for insider trading by two designated persons of the Company (Negative)

*Vodafone Idea:* Company says Rs 25,000-crore fundraising is delayed over AGR issue. (Negative)

*IGL:* Company says Further reduction in gas allocation communicated by GAIL effective November 16. (Negative)

*Adani Total:* GAIL further reduces allocation of APM gas by 13% effective November 16. (Negative)

*Reliance Power:* SECI weighs criminal action over fake documents (Negative)

*RCom:* Canara Bank classifies accounts of company and its arm, Reliance Telecom as 'fraud.' (Negative)

*Sterlite Tech:* ICRA revises outlook to stable from Negative, downgrades rating to AA- from AA on select bank loan facilities. (Negative)

*Grasim:* Net Profit at Rs 1108 crore versus Rs 2024 crore, Revenues at Rs 33563 crore versus Rs 30220 crore (Negative)

*GSFC:* Company expects rising raw material costs to eat into its margins in second half of ongoing fiscal. (Negative)

*Honasa Cons:* Net loss at Rs 19 cr vs Rs 29 cr, Revenue at Rs 462 cr vs Rs 496 cr (YoY) (Negative)

*JTEKT:* Net profit at ₹19.5 cr vs ₹30.2 cr, Revenue at ₹605.3 cr vs ₹584 cr (YoY) (Negative)

*Shriram Properties:* Net loss at Rs 0.79 cr vs Rs 20.1 cr, Revenue at Rs 140 cr vs Rs 210 cr (YoY) (Negative)

*Honda India Power:* Net profit at Rs 8.54 cr vs Rs 31.2 cr, Revenue at Rs 180 cr vs Rs 280 cr (YoY) (Negative)

*Ratnamani Metals:* Net profit at Rs 100 cr vs Rs 164 cr, Revenue at Rs 970 cr vs Rs 1131 cr (YoY) (Negative)

*Genus Paper:* Net loss at Rs 0.4 cr vs profit Rs 4.1 cr, Revenue at Rs 210 cr vs Rs 190 cr (YoY) (Negative)

Stocks Picker Articles

18 Nov 2024 03:58

*Stocks in News*


*Prestige estates:* Prestige Group acquires 22,135 sq. meters of land in Mira bhayandar Municipal Corporation (Positive)

*HCL Technologies:* Company and Servicenow roll out AI labs, adding to HCL tech’s global network (Positive)

*Cyient:* Company expands partnership with Allegro Micro Systems for magnetic sensors & power semiconductors for automotive industry (Positive)

*Happiest Minds:* Company eyes H2 growth driven by $2 million Generative AI investment (Positive)

*GAIL:* Company signs 10-year agreement with ADNOC gas for delivery of up to 0.52 MMTPA LNG, LNG to be delivered in six cargoes per year, starting in 2026 (Positive)

*EaseMyTrip:* Company is investing Rs 39.2 Cr in Planet Education for 49% stake and Rs 100 Cr in Jeewani Hospitality for 50%. (Positive)

*Man Infraconstruction:* MICL group realigns portfolio with strategic focus on Mumbai’s luxury segment, MICL group divested from phase 3 of project near Dahisar (Positive)

*East West Freight Carriers:* Company has entered in service contract with Erhardt Project Cargo and Logistic Middle East UAE (Positive)

*IRB Infrastructure:* IRB Infrastructure trust to offer 5 highway assets to IRB Invit fund, proceeds expected to fund new road pipeline of up to Rs 300 billion (Positive)

*R.P.P Infra Projects:* Company secures order worth Rs. 38.32 crores for road and infrastructure development in Tamil Nadu (Positive)

*Nureca:* Company signs distribution agreement with Zepto (Positive)

*Patel Engineering:* Company aims to achieve 20% year-on-year revenue growth from FY26 onwards, says MD Kavita Shirvaikar. (Positive)

*Vatech:* Company has secured a mega order worth ₹1,000 Cr for a 100 MLD Sea Water Desalination Plant from Indosol Solar Pvt. Ltd. for its Solar PV manufacturing facility in Andhra Pradesh. (Positive)

*ACME:* Company gets Rs 3,753 cr loan from REC for FDRE projects in Rajasthan and Gujarat (Positive)

*Marico:* Company says food inflation to moderate in next 2 quarters, expect double-digit revenue growth in H2 (PTI) (Positive)

*Hyundai Motor:* Company bets on CNG vehicles, sees accelerated demand (PTI) (Positive)

*NALCO, Hindalco:* Companies to remain in the spotlight as China announced that the export tax rebate for Aluminium and Copper products (Positive)

*PTC Industries:* Net profit at Rs 17.3 cr vs Rs 8.1 cr, Revenue at Rs 72.4 cr vs Rs 57.5 cr (YoY) (Positive)

*EID Parry:* Net profit at Rs 592 cr vs Rs 226 cr, Revenue at Rs 9330 cr vs Rs 6747 cr (YoY) (Positive)

*Expleo Solutions:* Net profit at Rs 35.4 cr vs Rs 20.5 cr, Revenue at Rs 260 cr vs Rs 230 cr (YoY) (Positive)

*Glenmark Pharma:* Net profit at Rs 350 cr vs Rs 200 cr, Revenue at Rs 3430 cr vs Rs 3210 cr (YoY) (Positive)

*Reliance Infra:* Net profit at Rs 4080 cr vs Net Loss of Rs 294 cr, Revenue at Rs 7260 cr vs Rs 7150 cr (YoY) (Positive)

*Bombay Burmah Trading Corp:* Net profit at Rs 250 cr vs Rs 122 cr, Revenue at Rs 4760 cr vs Rs 4500 cr (YoY) (Positive)

*Federal Mogul Goetze:* Net profit at Rs 38.2 cr vs Rs 32.1 cr, Revenue at Rs 460 cr vs Rs 440 cr (YoY) (Positive)

*RMC Switchgear:* Net profit at Rs 10.1 cr vs Rs 8.0 cr, Revenue at Rs 123.5 cr vs Rs 103 cr (YoY) (Positive)

*SH Kelkar:* Net profit at Rs 40 cr vs Rs 29 cr, Revenue at Rs 522 cr vs Rs 412 cr (YoY) (Positive)

*AVG Logistics:* Net profit at Rs 5.3 cr vs Rs 2.9 cr, Revenue at Rs 138 cr vs Rs 117 cr (YoY) (Positive)

*Suraj Estate:* Net profit at Rs 31.8 cr vs Rs 17.0 cr, Revenue at Rs 110 cr vs Rs 100 cr (YoY) (Positive)

*Alicon:* Net profit at Rs 17 cr vs Rs 14.5 cr, Revenue at Rs 463 cr vs Rs 381 cr (YoY) (Positive)

*Northern Spirits:* Net profit at Rs 12 cr vs Rs 7 cr, Revenue at Rs 947 cr vs Rs 596 cr (YoY) (Positive)

*Shiv Texchem:* Net profit at Rs 21 cr vs Rs 11 cr, Revenue at Rs 1030 cr vs Rs 612 cr (YoY) (Positive)

*Delhivery:* Net profit at Rs 10.2 cr vs Net Loss of Rs 103 cr, Revenue at Rs 2190 cr vs Rs 1942 cr (YoY) (Positive)

Stocks Picker Articles

14 Nov 2024 04:42

Corporate Actions

Niva Bupa Health Insurance Company is set to make stock market debut today, November 14. The issue price is fixed at Rs. 74 per share.

Banco Products (India) has approved issue of bonus shares in the ratio of 1:1 i.e. 1 new equity share for every 1 existing equity share.

Mazda has approved the sub-division/ split of existing 1 Equity Share of face value of Rs. 10 each into 5 Equity Shares of face value of Rs. 2/- each, subject to shareholders approval.

Rama Phosphates has approved Sub-division/ split of the existing 1 Equity Share having face value of Rs. 10/- each, into 2 Equity Share having face value of Rs. 5/- each, subject to the approval of the Shareholders of the Company through Postal Ballot.

Dividend

14-Nov-24
POWERGRID: Interim Dividend - Rs. - 4.50
IMFA: Interim Dividend - Rs. - 10.00
RITES: Interim Dividend - Rs. - 1.75
APTUS: Interim Dividend - Rs. - 2.00
OIL: Interim Dividend - Rs. - 3.00
PAGEIND: Interim Dividend - Rs. - 250.00
IRCTC: Interim Dividend - Rs. - 4.00
ARE&M: Interim Dividend - Rs. - 5.30
CONCOR: Interim Dividend - Rs. - 3.25
QGO: Interim Dividend - Rs. - 0.15
ASTRAL: Interim Dividend - Rs. - 1.50
KPEL: Interim Dividend - Rs. - 0.20
KPGEL: Interim Dividend - Rs. - 0.20
KPIGREEN: Interim Dividend - Rs. - 0.20

18-Nov-24
MANAPPURAM: Interim Dividend - Rs. - 1.00
EMAMILTD: Interim Dividend - Rs. - 4.00
SUNDRMFAST: Interim Dividend - Rs. - 3.00
CFF: Interim Dividend - Rs. - 0.50


IPO
Zinka Logistics Solution: Open: 13-Nov-24; Close: 18-Nov-24
NTPC Green Energy: Open: 19-Nov-24; Close: 22-Nov-24

Buyback
---

Bonus
Worth Investment: Bonus Issue 1.5:1; Ex-Date: 14-Nov-24

Stock Split
Contil India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 14-Nov-24
JostS Engineering Co: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 14-Nov-24
JTL Industries: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 14-Nov-24

Right Issue
Bella Casa Fashion & Retail: Open: 30-Oct-24; Close: 14-Nov-24
ARC Finance: Open: 21-Oct-24; Close: 18-Nov-24
IGC Industries: Open: 04-Nov-24; Close: 18-Nov-24
PMC Fincorp: Open: 07-Nov-24; Close: 19-Nov-24
Hindware Home Innovation: Open: 07-Nov-24; Close: 22-Nov-24
Thinkink Picturez: Open: 04-Nov-24; Close: 22-Nov-24
Diligent Industries: Open: 11-Nov-24; Close: 25-Nov-24
Mercury Trade Links: Open: 07-Nov-24; Close: 05-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24

Stocks Picker Articles

14 Nov 2024 03:48

Stock in Action

BOSCH: Bosch Ltd has presence across automotive technology, industrial technology, consumer goods and energy and building technology. In Q2FY25, the production stood at 2090 vehicles, out of which 283 were tractors, 292 were 3 wheelers, 1,273 were passenger cars, 153 were light commercial vehicles, 89 were heavy commercial vehicles, and 6,382 motorcycles (volumes in 000s). In Q2FY25, the company reported Net Revenue at Rs. 4394.3 crore, +6.4% YoY, and +1.8% QoQ. EBITDA at Rs. 560.5 crore, +14.1% YoY and +7.9% QoQ. EBITDA Margin at 12.8%, +86 bps YoY and +72 bps QoQ. Net Profit at Rs. 535.9 crore, -46.4% YoY and +15.1% QoQ. Mobility business has grown by 6.7% to Rs. 3,618.5 crore driven by growth in: Power Solutions by 5.7%, Mobility Aftermarket by 8.8%, 2-Wheeler segment by 13.4%. Consumer goods segment grew by 10.1% to 428.8 crore. Energy & Building Technologies business has grown by 20.1% to Rs. 117 crore. Absolute growth in EBITDA is mainly driven by increase in revenue and reduction in material cost. Reduction in PAT is mainly on account of one-time exceptional items. Bosch Limited’s Power Solutions division has played a major role with supporting major OEM to applicate the Engine management system for their first ever Gasoline Direct Injection engine. It contributed advanced hardware, software, and calibration solutions for 1.2L gasoline engines. It also supported the launch of world’s first CNG 2Wheeler with Bosch’s Engine Management System (EMS), meeting BS6 OBD2 Stage-A & B norms, future-proof for 2025. Its key product lines (Diesel, Rotating Machines, Battery, Wipers) saw significant double-digit growth in the Indian market. Impact Screwdriver Range and Impact Drill System increased tool bag coverage. It launched FLEXIDOME IP Starlight 5000i Camera, which is the first 'Made in India' product from the Business Unit Video Systems, and is manufactured locally, enhancing domestic production capabilities. It also launched new products in the 'Professional Sound' Segment like Electro-Voice and Dynacord. Positive on Bosch given the strong fundamentals and performance of the company.

Stocks Picker Articles

14 Nov 2024 03:47

*McLeod:* Net profit at Rs 84.5 cr vs Rs 61.1 cr, Revenue at Rs 452 cr vs Rs 365 cr (YoY) (Positive)

*Mishra Dhatu:* Net profit at Rs 23.5 cr vs Rs 13.8 cr, Revenue at Rs 256 cr vs Rs 223 cr (YoY) (Positive)

*MroTek:* Net profit at Rs 1.9 cr vs loss Rs 2.9 cr, Revenue at Rs 12.9 cr vs Rs 7.2 cr (YoY) (Positive)

*VVIP Infra:* Net profit at Rs 27 cr vs Rs 11 cr, Revenue at Rs 170 cr vs Rs 120 cr (YoY) (Positive)

*Cosmo:* Net profit at Rs 57 cr vs Rs 28.8 cr, Revenue at Rs 758 cr vs Rs 663 cr, (YoY) (Positive)

*Fluidomat:* Net profit at Rs 6.2 cr vs Rs 3.5 cr, Revenue at Rs 19 cr vs Rs 14 cr (YoY) (Positive)

*Jash Eng:* Net Profit at Rs 18 cr vs Rs 1.5 cr, Revenue at Rs 348 cr vs Rs 314 cr (Positive)

*Lumax Auto:* Net Profit at Rs 51.8 cr vs Rs 37.6 cr, Revenue at Rs 842 cr vs Rs 700 cr (Positive)

*RCF:* Net Profit at Rs 79 cr vs Rs 51 cr, Revenue at Rs 4290 cr vs Rs 4155 cr (Positive)

*Systematix:* Net Profit at Rs 22.3 cr vs Rs 1.8 cr, Revenue at Rs 57 cr vs Rs 20 cr (Positive)

*Eicher Motors:* Net profit at Rs 1110 cr vs poll Rs 1115 cr, Revenue at Rs 4263 cr vs Rs 4115 cr (YoY) (Neutral)

*Apollo Tyre:* Net profit at Rs 297.4 cr vs poll Rs 306 cr, Revenue at Rs 6437 cr vs Rs 6453 cr (YoY) (Neutral)

*Yuken India:* Net profit at Rs 3.05 cr vs Rs 2.22 cr, Revenue at Rs 98.5 cr vs Rs 86.6 cr (YoY) (Neutral)

*Sun Tv:* Net profit at Rs 409 cr vs Rs 465 cr, Revenue at Rs 935 cr vs Rs 1048 cr (YoY) (Neutral)

*Astrazeneca:* Net profit at Rs 38.4 cr vs Rs 52.3 cr, Revenue at Rs 408 cr vs Rs 311 cr (YoY) (Neutral)

*Torrent Power:* Net profit at Rs 481 cr vs Rs 526 cr, Revenue at Rs 7176 cr vs Rs 6961 cr (YoY) (Neutral)

*Precision Camshafts:* Net profit at Rs 8.4 cr vs Rs 8.4 cr, Revenue at Rs 220 cr vs Rs 254 cr (YoY) (Neutral)

*Agrawal Ind:* Net profit at Rs 18.4 cr vs Rs 16.0 cr, Revenue at Rs 325 cr vs Rs 230 cr (YoY) (Neutral)

*Infratech:* Net profit at Rs 3.9 cr vs Rs 2.5 cr, Revenue at Rs 125 cr vs Rs 120 cr (YoY) (Neutral)

*Sandur:* Net profit at Rs 32 cr vs Rs 26 cr, Revenue at Rs 260 cr vs Rs 185 cr (YoY) (Neutral)

*HEG:* Net profit at Rs 82.3 cr vs Rs 96 cr, Revenue at Rs 568 cr vs Rs 614 cr (YoY) (Neutral)

*Bajaj Steel:* Net profit at Rs 17.6 cr vs Rs 17.5 cr, Revenue at Rs 152 cr vs Rs 153 cr (YoY) (Neutral)

*Taparia Tools:* Net profit at Rs 30.8 cr vs Rs 23.6 cr, Revenue at Rs 224 cr vs Rs 209 cr (YoY) (Neutral)

*KRBL:* Net profit at Rs 102.6 cr vs Rs 153.3 cr, Revenue at Rs 1270 cr vs Rs 1214 cr (YoY) (Neutral)

*Axis Cades:* Net profit at Rs 12.3 cr vs Rs 11.1 cr, Revenue at Rs 260 cr vs Rs 251 cr (YoY) (Neutral)

*DDev:* Net profit at Rs 44.7 cr vs Rs 42.3 cr, Revenue at Rs 580 cr vs Rs 642 cr (YoY) (Neutral)

*Vodafone Idea:* Net loss at ₹7,176 cr vs loss of ₹6,432 cr, Revenue at ₹10,932.2 cr vs ₹10,508.3 cr (QoQ) (Neutral)

*Electrotherm:* Net profit at Rs 58.9 cr vs Rs 67.5 cr, Revenue at Rs 813 cr vs Rs 985 cr (YoY) (Neutral)

*Deepak NTR:* Net profit at Rs 194 cr vs Rs 210 cr, Revenue at Rs 2030 cr vs Rs 1778 cr (YoY) (Neutral)

*Fineotex:* Net profit at Rs 32 cr vs Rs 29 cr, Revenue at Rs 146 cr vs Rs 142 cr (YoY) (Neutral)

*Astrazeneca:* Net profit at Rs 38 cr vs Rs 52 cr, Revenue at Rs 408 cr vs Rs 311 cr (YoY) (Neutral)

*Varun Beverages:* Company opens QIP, sets floor price at ₹594.56/share. (Neutral)

*Tata Communication:* Enters into agreement with Transaction Solutions International (India), agreement worth Rs 330 Cr (Neutral)

*Dredging Corp:* Net Loss at Rs 33.5 cr vs Net Profit Rs 16.8 cr, Revenue at Rs 200 cr vs Rs 198 cr (YoY) (Negative)

*GNFC:* Net profit at Rs 105 cr vs Rs 182 cr, Revenue at Rs 1987 cr vs Rs 2080 cr (YoY) (Negative)

*Panacea:* Net profit at Rs 1.3 cr vs Rs 3.2 cr, Revenue at Rs 76 cr vs Rs 95 cr (YoY) (Negative)

*Fairchem:* Net profit at Rs 4.0 cr vs Rs 10.3 cr, Revenue at Rs 138 cr vs Rs 152 cr (YoY) (Negative)

*Sadhna Nitro:* Net profit at Rs 0.3 cr vs Rs 2.6 cr, Revenue at Rs 42.9 cr vs Rs 42 cr (YoY) (Negative)

*Ruby Mills:* Net profit at Rs 2.8 cr vs Rs 9.9 cr, Revenue at Rs 51 cr vs Rs 53 cr (YoY) (Negative)

Stocks Picker Articles

13 Nov 2024 04:22

Forthcoming Event

13th November: BHATIA, DYNAMATECH, HAPPSTMNDS, KSCL, MORGANITE, MULTIBASE, PADAMCO, SATIA, SUNTV, TAPARIA, VENUSPIPES, VRLLOG to consider Dividend; Chambal Breweries & Distilleries, Captain Polyplast, Lancer Container Lines, Magnum Ventures, Valiant Organics to consider Fund Raising; Banco Products (India) to consider Bonus issue; Mazda, Rama Phosphates to consider Stock Split

14th November: GPTHEALTH, HBPOR, INDAG, IPCALAB, JAMNAAUTO, NICCOPAR, PHOENIXTN, TALBROAUTO to consider Dividend; Bannari Amman Spinning Mills, Kridhan Infra, Promax Power, Sterling Powergensys, Suyog Telematics, Visa Steel, Windsor Machines, Softtech Engineers, GRP to consider Fund Raising; Surya Roshni Ltd. to consider Dividend & Bonus issue; Garware Technical Fibres to consider Bonus issue; Jay Shree Tea & Industries to consider Scheme of Arrangement; Mohite Industries to consider Stock Split

15th November: ABC Gas (International), Tirupati Fincorp, UltraTech Cement to consider Fund Raising; Getalong Enterprise to consider Stock Split; Easy Trip Planners to consider Proposal of Acquisition

18th November: Aerpace Industries to consider Fund Raising; Regis Industries to consider Stock Split

29th November: Darshan Orna to consider Bonus issue

Stocks Picker Articles

22 Nov 2024 04:41

*Corporate Actions*

NSE Investments, the non-promoter shareholder, will be selling up to a 20.31% stake in Protean via an offer-for-sale (OFS) from November 22-25. The OFS includes a base issue size of 10.16% equity and a greenshoe option of 10.16% equity. The floor price for the issue has been fixed at Rs 1,550 per share.

Zinka Logistics Solutions is set to make stock market debut today, November 22. The issue price is fixed at Rs. 273 per share.

*Dividend*

*22-Nov-24*
PREMCO: Special Dividend - Rs. - 39.00
MAWANASUG: Interim Dividend - Rs. - 3.00
VEEDOL: Interim Dividend - Rs. - 20.00
FDC: Interim Dividend - Rs. - 5.00
MSTCLTD: Interim Dividend - Rs. - 4.00
PANAMAPET: Interim Dividend - Rs. - 2.00
PADAMCO: Interim Dividend - Rs. - 1.00
ORIENTTECH: Interim Dividend - Rs. - 1.80
NILE: Interim Dividend - Rs. - 4.00
STEELCAS: Interim Dividend - Rs. - 1.35
DHRUV: Interim Dividend - Rs. - 0.10

*25-Nov-24*
EPL: Interim Dividend - Rs. - 2.50
PFC: Interim Dividend - Rs. - 3.50
BALRAMCHIN: Interim Dividend - Rs. - 3.00
IPCALAB: Interim Dividend - Rs. - 2.00

*IPO*
NTPC Green Energy: Open: 19-Nov-24; Close: 22-Nov-24
Enviro Infra Engineers: Open: 22-Nov-24; Close: 26-Nov-24

*Buyback*
---

*Bonus*
Shakti Pumps (India): Bonus Issue 5:1; Ex-Date: 25-Nov-24
Raghav Productivity: Bonus Issue 1:1; Ex-Date: 29-Nov-24

*Stock Split*
Sudarshan Pharma: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 23-Nov-24

*Right Issue*
Hindware Home Innovation: Open: 07-Nov-24; Close: 22-Nov-24
Thinkink Picturez: Open: 04-Nov-24; Close: 22-Nov-24
Diligent Industries: Open: 11-Nov-24; Close: 25-Nov-24
Mercury Trade Links: Open: 07-Nov-24; Close: 05-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24

Stocks Picker Articles

22 Nov 2024 04:12

*Stock in Action*

*INFOSYS:* To help clients implement plans for their digital transformation, Infosys Ltd. offers technology, outsourcing, consulting, and next-generation digital services. After TCS, it is the second-biggest IT firm in India. With strong and wide-ranging growth, steady operating margins, good cash production, big acquisitions, and a rise in staff, it had a great second quarter. In constant currency, its revenue increased 3.3% YoY and 3.1% QoQ. The company's net revenue for Q2FY25 was Rs. 40986 crore, +5.1% YoY and +4.3% QoQ. EBITDA at Rs. 9809 crore, +3.9% YoY and +3.9% QoQ. Net profit at Rs. 6516 crore, +2.2% QoQ and +4.8% YoY. 27.2% of the revenue came from Financial Services, which grew 2.8% YoY; 13.3% came from Retail; 11.9% came from Communication; 13.5% came from Energy, Utilities, Resources, and Services; 15.7% came from Manufacturing, which grew 13.5% YoY; 8% came from Hi-Tech, which grew 5.6% YoY; 7.3% came from Life Sciences; and 3.1% came from Others. North America and Europe account for the majority of revenue, with 57.4% and 29.8% of total sales, respectively. The company now has 1870 active clients as of September 30, 2024, with 86 new clients added during that time. There are 985 customers worth at least USD 1 million, 307 customers worth at least USD 10 million, 86 customers worth at least USD 50 million, and 41 customers worth at least USD 100 million. It has large deals worth USD 2.4 billion TCV. The company has Rs. 38767 crore in consolidated cash and investments, and Rs. 7010 crore in free cash flow. Discretionary spending in capital markets, mortgages, credit cards, and payments is still on the rise in the U.S. Financial Services sector. The European automobile industry has been sluggish. Demand trends are steady outside of these verticals, as clients continue to place a higher priority on cost reductions than on discretionary projects. It is expanding its generative AI research. It is creating its own small language model, implementing enterprise generative AI systems, and creating multi-agent solutions for its customers. For AI, it has collaborated with numerous institutions. Infosys unveils a center of excellence to propel enterprise AI innovation through open source and deepens its strategic partnership with Meta. In order to boost innovation for businesses, Infosys and the University of Cambridge have partnered to open an AI lab in London and unveiled a new, expanded living lab. *Positive on Infosys given the strong fundamentals and performance of the company.*

*JINDAL STEEL AND POWER:* One of India's top steel manufacturers, Jindal Steel & Power Ltd. is well-known in industries like mining and electricity production. It is the Indian Railways' and other metro projects' preferred supplier for specialty rail products. The company's net revenue for Q2FY25 was Rs. 11213.3 crore, EBITDA at Rs.2200.3 crore, Net Profit at Rs. 860.5 crore, Adjusted EBITDA per ton was Rs. 11467. During the quarter, 1.85 MT of steel was sold and 1.97 MT of steel was produced. In order to support India's infrastructure development, the company is concentrating on expanding its world-class, integrated steel manufacturing capacity and introducing innovative, value-added products. The business has a solid balance sheet and plans to grow in order to increase FCF. It is home to the first and biggest coal gasification steel plant in the world. Its integrated value chain includes finished steel with a capacity of 13.75 MT per annum, liquid steel with a capacity of 15.9 MT per annum, and iron manufacturing with a capacity of 16.82 MT per annum. India is still the centre of the world's steel expansion, and as capacity is added and utilization increases, the country's steel demand is still strong. By increasing domestic per capita demand to 160 kg, the National Steel Policy of 2017 aims to increase India's steel production capacity to 30MT by 2030. Steel output and capacity are still increasing in accordance with the government's goal of 300MT/258MT capacity/production by 2030.

Stocks Picker Articles

22 Nov 2024 04:12

*Stocks in News*


*Tata Power:* Company partners with Asian Development Bank for $ 4.25 Billion Clean Energy Projects. (Positive)

*AVP Infracon Ltd:* Company secured a Rs 33.19 Cr sub-contract from CDR & Co Constructions for an NHAI project in Tamil Nadu. (Positive)

*Innovators Systems:* Receipt of LOI for Work Order for Facade Design, Fabrication and Installation, Order Size Rs 110 Crores (Positive)

*Jyoti Limited:* Receipt of Purchase Order Total orders amounting to Rs.12.8 cr from Megha Engineering & Infrastructures Limited, Hyderabad. (Positive)

*Crompton Greaves Consumer:* Company launched the Regera 6L water heater (Positive)

*Kotyark Industries:* Company has been allocated tender for supply of 48,381 kl biodiesel to omcs worth Rs 5.64 billion. (Positive)

*Royal Sense:* Company launched 6 new pharmaceutical products on Nov 21, 2024 (Positive)

*Popular Vehicles:* Company opened a new Bharat Benz 3S facility in Chhatrapati Sambhaji Nagar, Maharashtra. (Positive)

*Afcons Infrastructure:* Company has received Letter of acceptance from Uttarakhand Project Development and Construction Corporation Ltd for Civil Works worth of Rs 1274 crore (Positive)

*SJVN:* Company signs MoU with Rajasthan Govt’s Energy Department for development of renewable energy in the state. (Positive)

*Medicamen Organics:* Company secures 6.28 cr order for Povidone Iodine Solution. (Positive)

*Raymond:* The stock exchanges BSE and NSE have given the green light to the proposed demerger of Raymond Limited and Raymond Realty Limited. (Positive)

*Insurance stocks:* GST Council meeting in December likely to discuss rate cut on insurance premiums, ET sources. (Positive)

*Ashok Leyland:* Company sets up a light commercial vehicle dealership in West Bengal. (Positive)

*LTI Mindtree:* LIC increased its shareholding from 5.033% to 7.034% (Neutral)

*Bank of India:* Smt. Jamuna Ravi elected as Bank of India director. (Neutral)

*DP Abhushani:* Company opened a new showroom in Neemuch, MP, expanding its presence in Central India. (Neutral)

*Hyundai Motor:* Company will invest INR 38 Cr in two renewable energy plants, 75 MW solar, 43 MW wind in Tamil Nadu, aiming for RE100 certification by 2025. (Neutral)

*Jio, Airtel, Vodafone Idea:* Companies together lose over 10 million mobile subscribers in September (Neutral)

*HDFC Bank:* Plans to issue car loans worth Rs 12,372 crore to mutual funds before the first week of December. (Neutral)

*Indusind:* Government gives go-ahead to IndusInd International Holdings for the acquisition of Reliance Capital. (Neutral)

*Wipro:* Record date for the purpose of Bonus is 03-Dec-2024. (Neutral)

*Protean eGov Technologies:* NSE investments to sell up to 20.31% stake in Protean eGov Technologies via OFS, it includes base issue of 10.16% equity & has a green shoe option of 10.16% equity. (Negative)

*Adani Energy:* Kenya cancels the $700 mn deal signed with a unit of the Adani Group to construct power transmission lines. (Negative)

Stocks Picker Articles

21 Nov 2024 03:33

*GPIL:* Company has acquired a 51% stake in Jammu Pigments Limited for around Rs 500 Crores. (Neutral)

*M&M:* Company clarifies report "M&M, Skoda-VW India JV talks hit speed bump", Company, VW group continue to explore opportunities to expand collaboration (Neutral)

*Dr Reddys:* India Ratings affirmed Company existing bank facilities rating at IND AA+/Stable and assigned IND AA+/Stable to additional limits totaling Rs 2200 cr. (Neutral)

*SBI:* Bank’s Rs 10,000 crore, 15-year bond issue fully subscribed. (Neutral)

*NLC INDIA:* Company to invest in unit NLC India renewables via subscribing equity shares; co to invest up to Rs 37.2 billion (Neutral)

*Mangalam Global:* Company has successfully completed the purchase of key assets for its edible oil business, purchased assets at cost of Rs 108.7 million (Neutral)

*Happiest Minds:* Company declared an interim dividend of Rs. 2.50 per share for FY24-25. (Neutral)

*Cupid Ltd:* Company incorporated a wholly-owned subsidiary, Cupid Invesco Ltd., in the UAE for business expansion. (Neutral)

*Dynamic Cables:* Company announced the resignation of Mahesh Singhla, Assistant VP-Production, and effective Nov 20, 2024 (Neutral)

*UPL:* Rights Issue Committee during a meeting. The offering includes partly paid-up equity shares priced at ₹360 each with ratio 1:8 (Neutral)

*Dr Reddy’s:* USFDA issues form 483 with 7 observations for API mfg facility (CTO-2) in Bollaram, Hyderabad. (Negative)

*Adani Group stocks:* Adani Dollar Bonds Plunge amid U.S. Bribery Charges. (Negative)

Stocks Picker Articles

19 Nov 2024 04:05

*Forthcoming Event*

19th November: GODFRYPHLP to consider Dividend; ACE Men Engg Works, Sealmatic India to consider Fund Raising

20th November: Ceenik Exports (India) to consider Dividend & Bonus issue; D. P. Abhushan, Elitecon International, TARC, Tantia Constructions to consider Fund Raising

21st November: INDOUS to consider Dividend; Jonjua Overseas to consider Fund Raising

22nd November: Camlin Fine Sciences, Jyoti Structures to consider Fund Raising; Kitex Garments to consider Bonus issue

29th November: Darshan Orna to consider Bonus issue

Stocks Picker Articles

19 Nov 2024 03:57

Stock in Action

HINDUSTAN AERONAUTICS: Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters. It has products and give services in Aircraft, Civil Aviation, Helicopters, Space, System and MRO. Its state-of-the-art department is equipped with the latest cutting-edge technologies for creating aeronautical masterpieces. It has 9 R&D centres. In Q2FY25, the company reported Net Revenue at Rs. 5976.3 crore, +6% YoY, and +37.5% QoQ. EBITDA at Rs. 1640 crore, +7.4% YoY and +65.5% QoQ. EBITDA Margin at 27.4%, +33 bps YoY and +465 bps QoQ. Net Profit at Rs. 1510.5 crore, +22.1% YoY and +5.1% QoQ. In H1FY25, net cash generated by operating activities were Rs. 2847.75 crore, growth of 63% YoY. Cash and cash equivalents stood at Rs. 5147.09 crore, a growth of 155% YoY. The company has invested in Electronic Warfare (Defence) Testing Foundation, Communication (Defence) Testing Foundation, UAS Testing Foundation, Advanced Materials (Defence) Testing Foundation, etc. in the first half of FY25. The company reported strong profit growth of 33% for the past 3 years and Return on Equity of 28% for the past 3 years. The company has reduced debt and is almost debt free. The company has been maintaining a healthy dividend payout of 29.5%. Company's working capital requirements have reduced from 62.0 days to 37.0 days. With its robust order book and a very strong pipeline it is confident of sustaining this growth momentum. Apart from focusing on revenue growth, it has also been focusing on cost optimization so as to offer these affordable platforms and services to its customers and also to improve the profitability margins. The company is focusing on 2 major strategies - Capacity building to increase the capacity to meet the commitments of its customers, and Capability building to see that the company is ready for future requirements and future projects which are coming up. Positive on Hindustan Aeronautics given the strong fundamentals and performance of the company.

MUTHOOT FINANCE: Muthoot Finance is NBFC engaged primarily in the business of providing gold loans, along with money transfer services, business loans, corporate loans, loan against property, collection services, personal loan and small business loans. The company predominately operates in Southern India. It is India’s largest gold financing company (by loan portfolio). It revolutionised India’s gold banking. It’s consolidated loan AUM crossed golden milestone of Rs. 1 lakh crore. It recorded highest ever Consolidated Loan AUM with 31% YoY increase at Rs. 1,04,149 crore, highest ever Consolidated Profit After Tax in any 1st Half of a Year with 18% YoY increase at Rs. 2,517 crore, highest ever Average Gold Loan AUM Per Branch at Rs. 17.75 crore, highest ever Gold Loan Disbursement to new customers in any 1st Half of a Year at Rs. 10,687 crore to 9,66,405 Customers, and highest ever Gold Loan AUM with 28% YoY increase at Rs. 86,164 crore. Muthoot Finance contributed 86% in the Consolidated Loan Assets Under Management of the Group, and its subsidiaries contributed the rest 14%. It has a group branch network of 7,097. It has 4,800+ pan India branches, 199 tonnes of gold jewellery kept as security, 1,00,000+ Retail investor base across debenture and subordinated debt portfolio and 2,00,000+ customers served every day. Rural India accounts for about 65% of total gold stock in the country. It is catering to under-served rural and semiurban markets through strong presence. It is investing in Digital convenience for new gen & Millennium Customer acquisition. It has launched digital initiatives like Muthoot EEZY EMI product in iMuthoot App, Enabled “MY NPS” option in iMuthoot App, WhatsApp banking facility launched with online-top up facility, etc. In Q2FY25, the company reported NII at Rs. 3121.8 crore, +37.5% YoY and +8.4% QoQ. Net Profit at Rs. 1321.2 crore, +20.6% YoY and +10.5% QoQ. Positive on Muthoot Finance given the strong fundamentals and performance of the company.

Stocks Picker Articles

19 Nov 2024 03:35

*Stocks in News*


*Kitex Garments:* Company to consider bonus equity shares on Nov 22 (Positive)

*Ashoka Buildcon:* Company wins large order worth Rs 2800 Cr (Positive)

*ITI:* Company gets contract worth rupees 95 cr for mining digital transformation & surveillance system (MDTSS) in Uttarakhand (Positive)

*Shipbuilding stocks:* Govt will soon set up Rs 30,000 cr maritime development fund to help shipbuilding: Media sources (Positive)

*PG Electroplast:* Company's wholly owned subsidiary PG Technoplast enters electric vehicle assembly and lithium-ion battery assembly (Positive)

*Shilpa Medicare:* Company unit received certificate of suitability (CEP) from EDQM for API, Octreotide (Positive)

*GMR Airports:* For October 2024, saw significant growth in passenger traffic, handling over 10.7 million passengers, a 9% increase (YoY) and a 5% rise (MoM) (Positive)

*Manba Finance:* Company signs MoU with Piaggio Vehicles to offer customized financing solutions for 3-wheelers (Positive)

*RVNL:* Company gets letter of acceptance from South Central Railway for Rs 295 crore contract (Positive)

*RACL Geartech:* Company received a nomination from BMW AG to supply drive train parts for an electric sports car, starting production in 2026 (Positive)

*Ami Organics:* Promoters Nareshkumar Patel and Chetankumar Vaghasia acquired 17.73% stake in Ami Organics (Positive)

*NTPC:* Company incorporates 50-50 JV of NTPC Green with ONGC Green. (Positive)

*Gulf Oil Lubricants:* Company’s long-term fund-based cash credit rating upgraded to AA+ from AA by ICRA. (Positive)

*Jyoti Structures:* Board meeting on Nov 22, 2024, to consider equity fund raising via rights issue. (Positive)

*Oil upstream stocks:* Govt to discontinue windfall gains tax levy in December: sources (Positive)

*Britannia:* Company secures injunction against Desi Bites for Good Day trademark infringement (Positive)

*Bharti Airtel:* Company and Singtel planning to hold equal direct stakes in co (Positive)

*Astrazeneca:* Receives DGCO approval for inhalation drug (Positive)

*Reliance Power:* Company and reliance infrastructure board reconstituted, four new directors join the board, Ashok Pal, CFO, Reliance Power appointed as executive director of the Company (Neutral)

*Dhampur Surgar Mills:* India Ratings affirmed Dhampur Sugar Mills' credit ratings. Long-term issuer rating is IND AA/Stable. (Neutral)

*Orbit Exports:* Company undertake capital expenditure of Rs 300 million to increase capacity of Valsad plant (Neutral)

*Dr Reddys:* Company issues clarification regarding retail-level recall of Morphine Sulfate extended-release tablets in U.S. on October 22. (Neutral)

*SBI:* Bank’s Rs 10,000 crore, 15-year bond issue fully subscribed. (Neutral)

*Medplus Health:* PI Opportunities Fund exits from Medplus Health, sells 5.8% stake for ₹483 crore (Neutral)

*Vedanta/JSPL:* Companies are among provisional resolution applicants for GVK Power & Infra (Neutral)

*Zee Entertainment:* Punit Goneka resigns from the post of Managing Director to focus on operational responsibilities. (Neutral)

*M&M:* JV with Volkswagen India stalled due to disagreement on key issues (Neutral)

*Jagran Prakashan:* Company Received show cause notices (SCN) from GST authorities for Apr 2020-Mar 2021. (Negative)

Stocks Picker Articles

18 Nov 2024 04:31

*Corporate Actions*

*Dividend*

*18-Nov-24*
MANAPPURAM: Interim Dividend - Rs. - 1.00
EMAMILTD: Interim Dividend - Rs. - 4.00
SUNDRMFAST: Interim Dividend - Rs. - 3.00
CFF: Interim Dividend - Rs. - 0.50

*19-Nov-24*
ONGC: Interim Dividend - Rs. - 6.00
GPPL: Interim Dividend - Rs. - 4.00
AKZOINDIA: Interim Dividend - Rs. - 70.00
RSYSTEMS: Interim Dividend - Rs. - 6.50
NAVNETEDUL: Interim Dividend - Rs. - 1.50
CHAMBLFERT: Interim Dividend - Rs. - 5.00
AKCAPIT: Interim Dividend - Rs. - 12.00
ASHOKLEY: Interim Dividend - Rs. - 2.00
TRANSCOR: Interim Dividend - Rs. - 0.30
GESHIP: Interim Dividend - Rs. - 7.20
PGHH: Final Dividend - Rs. - 95.00
VAIBHAVGBL: Interim Dividend - Rs. - 1.50
PPAP: Interim Dividend - Rs. - 1.00
ESABINDIA: Interim Dividend - Rs. - 25.00
COCHINSHIP: Interim Dividend - Rs. - 4.00
TANAA: Interim Dividend - Rs. - 1.00
PRECWIRE: Interim Dividend - Rs. - 0.35
VIDHIING: Interim Dividend - Rs. - 1.00
SAKSOFT: Interim Dividend - Rs. - 0.40
ASIANPAINT: Interim Dividend - Rs. - 4.25
NAUKRI: Interim Dividend - Rs. - 12.00
SAFARI: Interim Dividend - Rs. - 1.50
MRF: Interim Dividend - Rs. - 3.00

*21-Nov-24*
AMRUTANJAN: Interim Dividend - Rs. - 1.00
SATIA: Interim Dividend - Rs. - 0.10
GMMPFAUDLR: Interim Dividend - Rs. - 1.00
NXST: Income Distribution RITES


*IPO*
Zinka Logistics Solution: Open: 13-Nov-24; Close: 18-Nov-24
NTPC Green Energy: Open: 19-Nov-24; Close: 22-Nov-24

*Buyback*
---

*Bonus*
Shakti Pumps (India): Bonus Issue 5:1; Ex-Date: 25-Nov-24
Raghav Productivity: Bonus Issue 1:1; Ex-Date: 29-Nov-24

*Stock Split*
Sudarshan Pharma: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 23-Nov-24

*Right Issue*
ARC Finance: Open: 21-Oct-24; Close: 18-Nov-24
IGC Industries: Open: 04-Nov-24; Close: 18-Nov-24
PMC Fincorp: Open: 07-Nov-24; Close: 19-Nov-24
Hindware Home Innovation: Open: 07-Nov-24; Close: 22-Nov-24
Thinkink Picturez: Open: 04-Nov-24; Close: 22-Nov-24
Diligent Industries: Open: 11-Nov-24; Close: 25-Nov-24
Mercury Trade Links: Open: 07-Nov-24; Close: 05-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24

Stocks Picker Articles

18 Nov 2024 04:00

*Fund Houses Recommendations*

Jefferies on *Thermax:* Maintain Buy on Company, target price at Rs 6100/Sh (Positive)

Nomura on *Hero Motocorp:* Maintain Buy on Company, raise target price at Rs 5805/Sh (Positive)

Jefferies on *Hero Motocorp:* Maintain Buy on Company, target price at Rs 5500/Sh (Positive)

ICICI on *Vatech:* Maintain Buy on Company, raise target price at Rs 1980/Sh (Positive)

Equirus on *Swiggy:* Initiate Add on Company, target price at Rs 450/Sh (Positive)

MS on *Muthoot Fin:* Upgrade to Equal weight Buy on Company, raise target price at Rs 1600/Sh (Positive)

MS on *Zomato:* Maintain Overweight on Company, target price at Rs 355/Sh (Positive)

CLSA on *CG Consumer:* Maintain Outperform on Company, target price at Rs 500/Sh (Positive)

CLSA *India Strategy:* Pouncing Tiger, prevaricating Dragon; reversing the earlier tactical allocation shift from India to China (Positive)

Citi on *Grasim:* Maintain Buy on Company, cut target price at Rs 3100/Sh (Neutral)

Emkay on *Deepak NTR:* Maintain Reduce on Company, target price at Rs 2600/Sh (Neutral)

Emkay on *PI Ind:* Maintain Reduce on Company, target price at Rs 3900/Sh (Neutral)

Citi on *Vodafone Idea:* Maintain Buy on Company, target price at Rs 13/Sh (Neutral)

Jefferies on *Bharat Forge:* Maintain Underperform on Company, target price at Rs 1100/Sh (Neutral)

Citi on *Bharat Forge:* Maintain Sell on Company, target price at Rs 920/Sh (Negative)

GS on *Honasa:* Downgrade to Neutral on Company, cut target price at Rs 375/Sh (Negative)

Jefferies on *MGL:* Downgrade to Underperform on Company, cut target price at Rs 1130/Sh (Negative)

Jefferies on *IGL:* Downgrade to Underperform on Company, cut target price at Rs 295/Sh (Negative)

Citi on *Gujarat Gas:* Maintain Sell on Company, target price at Rs 490/Sh (Negative)

Stocks Picker Articles

18 Nov 2024 03:59

*Sarda Energy:* Net profit at Rs 195 cr vs Rs 141 cr, Revenue at Rs 1160 cr vs Rs 1000 cr (YoY) (Positive)

*Kernex Microsystems:* Net profit at Rs 6.85 cr vs Net Loss of Rs 4.4 cr, Revenue at Rs 41.2 cr vs Rs 1.4 cr (YoY) (Positive)

*Avanti Feeds:* Net profit at Rs 114 cr vs Rs 74 cr, Revenue at Rs 1355 cr vs Rs 1278 cr (YoY) (Positive)

*Jay Shree Tea:* Net profit at Rs 36.50 cr vs Rs 11.50 cr, Revenue at Rs 301.35 cr vs Rs 231.31 cr (YoY) (Positive)

*Garware Hi-Tech:* Net profit at Rs 104.3 cr vs Rs 45.9 cr, Revenue at Rs 621 cr vs Rs 397 cr (YoY) (Positive)

*Muthoot Fin:* Net profit at Rs 1251.1 cr vs Rs 991 cr, NII at Rs 2518 cr vs Rs 1858 cr (YoY) (Positive)

*Crompton Greaves:* Net profit at Rs 125 cr vs Rs 97.2 cr, Revenue at Rs 1896 cr vs Rs 1782 cr (YoY) (Positive)

*Hero Motocorp:* Net Profit at Rs 1204 crore versus poll Rs 1156 crore, Revenues at Rs 10463 crore versus poll Rs 10271 crore (Positive)

*Ashapura Mine:* Net profit at Rs 44.3 cr vs Rs 59.3 cr, Revenue at Rs 600 cr vs Rs 554 cr (YoY) (Neutral)

*Tasty Bite:* Net profit at Rs 10.1 cr vs Rs 11.4 cr, Revenue at Rs 156 cr vs Rs 145 cr (YoY) (Neutral)

*ITI:* Net loss at Rs 70 cr vs Rs 126 cr, Revenue at Rs 1016 cr vs Rs 246 cr (YoY) (Neutral)

*GPT Healthcare:* Net profit at Rs 105.66 cr vs Rs 107.97 cr, Revenue at Rs 14.82 cr vs Rs 13.50 cr (YoY) (Neutral)

*MTNL:* Net loss at Rs 890 cr vs Rs 793 cr, Revenue at Rs 160 cr vs Rs 182 cr (YoY) (Neutral)

*Monte Carlo:* Net profit at Rs 8.01 cr vs Rs 13.4 cr, Revenue at Rs 220 cr vs Rs 212 cr (YoY) (Neutral)

*Ahuwalia Contracts:* Net profit at Rs 38.36 cr vs Rs 55.30 cr, Revenue at Rs 1010 cr vs Rs 900 cr (YoY) (Neutral)

*Swan Energy:* Net profit at Rs 1.21 cr vs Rs 0.58 cr, Revenue at Rs 25.5 cr vs Rs 84.5 cr (YoY) (Neutral)

*Roto Pumps:* Net profit at Rs 11.4 cr vs Rs 12.7 cr, Revenue at Rs 84.6 cr vs Rs 81.4 cr (YoY) (Neutral)

*Rama Steel:* Net profit at Rs 4.0 cr vs Rs 6.2 cr, Revenue at Rs 260 cr vs Rs 203 cr (YoY) (Neutral)

*Amines & Plasticizers:* Net profit at Rs 9.78 cr vs Rs 9.08 cr, Revenue at Rs 170 cr vs Rs 157 cr (YoY) (Neutral)

*Gufic Bio:* Net profit at Rs 21.7 cr vs Rs 23.2 cr, Revenue at Rs 200 cr vs Rs 215 cr (YoY) (Neutral)

*GRP:* Net profit at Rs 4.8 cr vs Rs 5.0 cr, Revenue at Rs 140 cr vs Rs 120 cr (YoY) (Neutral)

*Divgi:* Net profit at Rs 7.8 cr vs Rs 10.7 cr, Revenue at Rs 54 cr vs Rs 69 cr (YoY) (Neutral)

*Asian Granito:* Net profit at Rs 6.5 cr vs Rs 1.3 cr, Revenue at Rs 380 cr vs Rs 400 cr (YoY) (Neutral)

*Sobha:* Net profit at Rs 26 cr vs Rs 15 cr, Revenue at Rs 934 cr vs Rs 741 cr (YoY) (Neutral)

*Shree Tirupati Balajee:* Net profit at Rs 7.1 cr vs Rs 9.4 cr, Revenue at Rs 160 cr vs Rs 115 cr (YoY) (Neutral)

*Balaji Telefilms:* Net profit at Rs 5.65 cr vs Rs 1.18 cr, Revenue at Rs 140 cr vs Rs 200 cr (YoY) (Neutral)

*Ultratech Cement:* Company to raise funds by issuance of debentures worth up to Rs 30 billion, Company says issuance of debentures on private placement basis (Neutral)

*Timken India:* Company expect total investment of around Rs 7 billion in new facility at Bharuch, (Neutral)

*Reliance Industries:* Company and Disney announce completion of transaction to form JV to bring together the most iconic and engaging entertainment brands in India. (Neutral)

*Ujjivan Small Finance Bank:* Bank’s board approves sale of NPA and written-off loans worth Rs 270 crore (Neutral)

*Tata motors:* Company expects PV retail sales to sustain momentum in Q3 (PTI) (Neutral)

*SBI:* Bank raises 1-year MCLR lending rate to 9% from November 15. (Neutral)

*Coal India:* NCL plans to relocate township in MP having 600 MT of mineable coal underneath (PTI) (Neutral)

*Godrej Properties:* Company denies allegations amid ED probe into fraud, money laundering claims (Neutral)

*Zee Entertainment:* Board approves higher targets to evaluate performance of MD & CEO (Neutral)

*Brightcom:* Company delays Q4 FY24 results, shares timeline for suspension revocation (Neutral)

Stocks Picker Articles

14 Nov 2024 04:42

Forthcoming Event

14th November: GPTHEALTH, HBPOR, INDAG, IPCALAB, JAMNAAUTO, NICCOPAR, PHOENIXTN, TALBROAUTO to consider Dividend; Bannari Amman Spinning Mills, Kridhan Infra, Promax Power, Sterling Powergensys, Suyog Telematics, Visa Steel, Windsor Machines, Softtech Engineers, GRP to consider Fund Raising; Surya Roshni Ltd. to consider Dividend & Bonus issue; Garware Technical Fibres to consider Bonus issue; Jay Shree Tea & Industries to consider Scheme of Arrangement; Mohite Industries to consider Stock Split

15th November: ABC Gas (International), Tirupati Fincorp, UltraTech Cement to consider Fund Raising; Getalong Enterprise to consider Stock Split; Easy Trip Planners to consider Proposal of Acquisition

18th November: Aerpace Industries to consider Fund Raising; Regis Industries to consider Stock Split

20th November: TARC to consider Fund Raising

29th November: Darshan Orna to consider Bonus issue

Stocks Picker Articles

14 Nov 2024 03:48

MARKSANS PHARMA: Marksans Pharma is engaged in the Business of Formulation of pharmaceutical products. It has 4 Manufacturing Units & 4 R&D Centres. It has a total capacity of 26 billion units per annum. It has 300+ Products and 1,500+ SKUs with 2,000+ Total Employees. It is amongst the top Indian Companies in OTC segment in the US. It is amongst top 5 Indian Pharma companies in UK. It has Accreditations from USFDA, UK MHRA, Australian TGA, EMA and Health Canada. In Q2FY25, the company reported Net Revenue at Rs. 641.9 crore, +20.8% YoY, and +8.7% QoQ. EBITDA at Rs. 135.7 crore, +19.1% YoY and +5.6% QoQ. EBITDA Margin at 21.1%, -31 bps YoY and -61 bps QoQ. Net Profit at Rs. 97.8 crore, +16.6% YoY and +9.8% QoQ. In Q2FY25, US & North America contributed 47.4%, UK & Europe contributed 38.4%, Australia & New Zealand contributed 9.9% and Rest of the World contributed 4.3%. Growth was witnessed across all key markets, led by US and followed by ANZ. Continued softening of raw material prices and a better product mix led to growth in gross profit and margin expansion. It continued to focus on R&D investments leading to a robust pipeline of new developed & pipeline products. It has 70+ products in pipeline, and 300+ ANDAs/MAs approved and 25+ ANDAs/MAs filed. It plans to enhance portfolio with addition of 12-13 products every year. Its core strategies for future growth are expanding the OTC business, work on capacity expansion, build healthy product pipeline, supplement growth via acquisitions and do backword integration. In FY24, 74.1% of its revenue came from OTC segment and 25.9% came from Rx. Majority of revenue in OTC comes from manufacturing and selling store brands for key retailers in key regions. It has Cash balance of Rs. 657 crore as of 30th September 2024. It has consistent annual cash generation, disciplined capital allocation and a strong credit rating. Positive on Marksans Pharma given the strong fundamentals and performance of the company.

Stocks Picker Articles

14 Nov 2024 03:47

*Fund Houses Recommendations*

GS on *Larsen:* Maintain Buy on Company, target price at Rs 3960/Sh (Positive)

Jefferies on *Entero Health:* Maintain Buy on Company, raise target price at Rs 1680/Sh (Positive)

Jefferies on *Sunteck:* Maintain Buy on Company, raise target price at Rs 700/Sh (Positive)

Antique on *Allied Blenders:* Initiate Buy on Company, target price at Rs 405/Sh (Positive)

Nuvama on *Sunteck:* Maintain Buy on Company, target price at Rs 674/Sh (Positive)

Citi on *Kalyan Jewel:* Maintain Buy on Company, target price at Rs 810/Sh (Positive)

Jefferies on *PI Ind:* Maintain Buy on Company, target price at Rs 5100/Sh (Positive)

JP Morgan on *Vodafone Idea:* Maintain Neutral on Company, target price at Rs 10/Sh (Neutral)

CLSA on *BHEL:* Maintain Neutral on Company, raise target price at Rs 205/Sh (Neutral)

UBS on *Apollo Tyre:* Maintain Buy on Company, target price at Rs 605/Sh (Neutral)

MS on *Apollo Tyre:* Maintain Overweight on Company, target price at Rs 555/Sh (Neutral)

Nomura on *Alkem:* Maintain Neutral on Company, target price at Rs 6097/Sh (Neutral)

BofA on *Alkem:* Maintain Underperform on Company, raise target price at Rs 4640/Sh (Neutral)

Jefferies on *Alkem:* Maintain Underperform on Company, raise target price at Rs 4950/Sh (Neutral)

HSBC on *Alkem:* Maintain Hold on Company, raise target price at Rs 5540/Sh (Neutral)

Citi on *Eicher Motors:* Maintain Buy on Company, cut target price at Rs 5350/Sh (Neutral)

GS on *Eicher Motors:* Maintain Buy on Company, target price at Rs 5400/Sh (Neutral)

Jefferies on *Eicher Motors:* Maintain Buy on Company, target price at Rs 5500/Sh (Neutral)

Nomura on *Eicher Motors:* Maintain Neutral on Company, target price at Rs 4391/Sh (Negative)

MS on *Eicher Motors:* Maintain Underweight on Company, target price at Rs 3655/Sh (Negative)

Citi on *GSPL:* Maintain Sell on Company, target price at Rs 360/Sh (Negative)

Citi on *Gujarat Gas:* Maintain Sell on Company, target price at Rs 490/Sh (Negative)

Stocks Picker Articles

14 Nov 2024 03:46

*Stocks in News*


*Tantia constructions:* Company is lowest bidder for order worth Rs 1.51 billion. (Positive)

*Tata Power:* Renewable energy unit commissions 126 MW floating solar project in Madhya Pradesh. (Positive)

*India Glycols:* Company forays into premium alcoholic beverages market in India, partners with Amrut distilleries to make, sell select Amrut brands (Positive)

*PNB Housing Finance:* Morgan Stanley Buys 1.4 Cr Shares at an Average price of ₹939.3/Sh valued at ₹1,336 Cr (Positive)

*WIPRO:* Sipchem, Company collaborate for major SAP S/4HANA implementation (Positive)

*Godrej Industries:* Net profit at Rs 288 cr vs Rs 87 cr, Revenue at Rs 4805 cr vs Rs 3938 cr (YoY) (Positive)

*Refex Ind:* Net profit at Rs 37.3 cr vs Rs 23.4 cr, Revenue at Rs 520 cr vs Rs 350 cr (YoY) (Positive)

*ISGEC Heavy Engineering Ltd:* Net profit at Rs 95.7 cr vs Rs 63.7 cr, Revenue at Rs 1643.9 cr vs Rs 1473.1 cr (YoY) (Positive)

*VRL Logistics:* Net profit at Rs 35.8 cr vs Rs 19.7 cr, Revenue at Rs 800 cr vs Rs 709 cr (YoY) (Positive)

*Dilip Buildcon:* Net profit at Rs 265.8 cr vs Rs 68.6 cr, Revenue at Rs 2461 cr vs Rs 2850 cr (YoY) (Positive)

*Patel Engineering:* Net profit at Rs 73 cr vs Rs 38 cr, Revenue at Rs 1174 cr vs Rs 1021 cr (YoY) (Positive)

*Oriana Power:* Net profit at Rs 48.6 cr vs Rs 5.7 cr, Revenue at Rs 359 cr vs Rs 64 cr (YoY) (Positive)

*Gil landers:* Net profit at Rs 21 cr vs Rs 3.6 cr, Revenue at Rs 127 cr vs Rs 106 cr (YoY) (Positive)

*Modison Ltd:* Net profit at Rs 8.18 cr vs Rs 5.60 cr, Revenue at Rs 122.48 cr vs Rs 97.15 cr (YoY) (Positive)

*Thermax:* Net profit at Rs 198 cr vs Rs 159 cr, Revenue at Rs 2612 cr vs Rs 2302 cr (YoY) (Positive)

*Zaggle Prepaid:* Net profit at Rs 20.2 cr vs Rs 7.50 cr, Revenue at Rs 302.5 cr vs Rs 184.5 cr (YoY) (Positive)

*Shilpa Medicare:* Net profit at Rs 17.93 cr vs Rs 1.61 cr, Revenue at Rs 343.79 cr vs Rs 312.97 cr (YoY) (Positive)

*Panacea Biotec:* Net profit at Rs 4.8 cr vs net Loss of Rs 8.3 cr, Revenue at Rs 147 cr vs Rs 143 cr (YoY) (Positive)

*Fiem Ind:* Net profit at Rs 50.16 cr vs Rs 43.47 cr, Revenue at Rs 612.39 cr vs Rs 509.38 cr (YoY) (Positive)

*Nalco:* Net profit at Rs 1046 cr vs Rs 588 cr, Revenue at Rs 4001 cr vs Rs 2856 cr (YoY) (Positive)

*Foseco:* Net profit at Rs 19.1 cr vs Rs 14.7 cr, Revenue at Rs 141 cr vs Rs 123 cr (YoY) (Positive)

*Shreyas Shipping:* Net profit at Rs 21.28 cr vs Net Loss Rs 35.22 cr, Revenue at Rs 124.72 cr vs Rs 50.33 cr (YoY) (Positive)

*GRSE:* Net profit at Rs 98 cr vs Rs 81 cr, Revenue at Rs 1153 cr vs Rs 898 cr (YoY) (Positive)

*PI Ind:* Net profit at Rs 508 cr vs Rs 449 cr, Revenue at Rs 2221 cr vs Rs 2069 cr (QoQ) (Positive)

*Banco:* Net profit at Rs 139 cr vs Rs 66.1 cr, Revenue at Rs 910 cr vs Rs 728 cr (YoY) (Positive)

*Optiemus Infra:* Net profit at Rs 13.7 cr vs Rs 5.4 cr, Revenue at Rs 480 cr vs Rs 274 cr (YoY) (Positive)

*IZMO Ind:* Net profit at Rs 34.4 cr vs Rs 5.5 cr, Revenue at Rs 58.5 cr vs Rs 44.8 cr (YoY) (Positive)

*Thomas Cook:* Net Profit at Rs 71.9 Cr Vs Rs 51.5 Cr, Revenue at Rs 200.3 Cr Vs Rs 183.0 Cr (YoY) (Positive)

*FIEM:* Net profit at Rs 33.1 cr vs Rs 21.8 cr, Revenue at Rs 4300 cr vs Rs 4306 cr (YoY) (Positive)

*NBCC:* Net profit at Rs 125.1 cr vs Rs 81.9 cr, Revenue at Rs 2526 cr vs Rs 2134 cr (YoY) (Positive)

*Solar Ind:* Net profit at Rs 303.8 cr vs Rs 209.9 cr, Revenue at Rs 1718 cr vs Rs 1347 cr (YoY) (Positive)

*Rama Phosphate:* Net profit at Rs 5.4 cr vs Rs 0.7 cr, Revenue at Rs 209 cr vs Rs 171 cr (YoY) (Positive)

*Dynemic Products:* Net profit at Rs 3.9 cr vs loss Rs 3.6 cr, Revenue at Rs 95.6 cr vs Rs 64.7 cr (YoY) (Positive)

*Jindal World:* Net profit at Rs 17.3 cr vs Rs 12.8 cr, Revenue at Rs 570 cr vs Rs 392 cr (YoY) (Positive)

*Goodricke:* Net profit at Rs 60 cr vs Rs 33 cr, Revenue at Rs 316 cr vs Rs 241 cr (YoY) (Positive)

*Elixir Capital:* Net profit at Rs 11.3 cr vs Rs 4.1 cr, Revenue at Rs 18.3 cr vs Rs 5.8 cr (YoY) (Positive)

Stocks Picker Articles

13 Nov 2024 04:22

Corporate Actions

Swiggy is set to make stock market debut today, November 13. The issue price is fixed at Rs. 390 per share.

ACME Solar Holdings is set to make stock market debut today, November 13. The issue price is fixed at Rs. 289 per share.

Jai Balaji Industries has approved Sub-division / split of each equity share of face value of Rs. 10 /- each, into 5 equity shares of face value of Rs. 2 each, subject to the approval of Members and any other Regulatory Authority, if any.


Dividend

14-Nov-24
POWERGRID: Interim Dividend - Rs. - 4.50
IMFA: Interim Dividend - Rs. - 10.00
RITES: Interim Dividend - Rs. - 1.75
APTUS: Interim Dividend - Rs. - 2.00
OIL: Interim Dividend - Rs. - 3.00
PAGEIND: Interim Dividend - Rs. - 250.00
IRCTC: Interim Dividend - Rs. - 4.00
ARE&M: Interim Dividend - Rs. - 5.30
CONCOR: Interim Dividend - Rs. - 3.25
QGO: Interim Dividend - Rs. - 0.15
ASTRAL: Interim Dividend - Rs. - 1.50
KPEL: Interim Dividend - Rs. - 0.20
KPGEL: Interim Dividend - Rs. - 0.20
KPIGREEN: Interim Dividend - Rs. - 0.20

18-Nov-24
MANAPPURAM: Interim Dividend - Rs. - 1.00
EMAMILTD: Interim Dividend - Rs. - 4.00
SUNDRMFAST: Interim Dividend - Rs. - 3.00
CFF: Interim Dividend - Rs. - 0.50


IPO
Zinka Logistics Solution: Open: 13-Nov-24; Close: 18-Nov-24

Buyback
---

Bonus
Worth Investment: Bonus Issue 1.5:1; Ex-Date: 14-Nov-24

Stock Split
Contil India: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 14-Nov-24
JostS Engineering Co: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 14-Nov-24
JTL Industries: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 14-Nov-24

Right Issue
Bella Casa Fashion & Retail: Open: 30-Oct-24; Close: 14-Nov-24
ARC Finance: Open: 21-Oct-24; Close: 18-Nov-24
IGC Industries: Open: 04-Nov-24; Close: 18-Nov-24
PMC Fincorp: Open: 07-Nov-24; Close: 19-Nov-24
Hindware Home Innovation: Open: 07-Nov-24; Close: 22-Nov-24
Thinkink Picturez: Open: 04-Nov-24; Close: 22-Nov-24
Diligent Industries: Open: 11-Nov-24; Close: 25-Nov-24
Mercury Trade Links: Open: 07-Nov-24; Close: 05-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24