Stocks Picker Articles

17 Dec 2024 04:26

*Forthcoming Event*

17th December: IIRM Holdings India to consider Fund Raising

18th December: VTMLTD to consider Dividend; Heera Ispat, Steel Exchange India, Borosil Renewables, Swelect Energy Systems, Indowind Energy, Vardhman Polytex to consider Fund Raising

19th December: Anupam Finserv, Dhanlaxmi Bank, Paisalo Digital, Kellton Tech Solutions, Balaji Telefilms to consider Fund Raising

20th December: Ksolves India to consider Stock Split; Ind Renewable Energy to consider Fund Raising

21st December: Vakrangee to consider Fund Raising

23rd December: Paisalo Digital to consider Fund Raising

07th January: Jindal Worldwide to consider Bonus issue

Stocks Picker Articles

17 Dec 2024 04:22

*Fund Houses Recommendations*


Antique on *Quess Corp:* Maintain Buy on Company, target price at Rs 1000/Sh (Positive)

MOSL on *Kirloskar Eng:* Maintain Buy on Company, target price at Rs 1540/Sh (Positive)

HDFC on *Mastek:* Maintain Add on Company, target price at Rs 4000/Sh (Positive)

Equirus on *Delhivery:* Initiate Buy on Company, target price at Rs 459/Sh (Positive)

Investec on *Afcons:* Initiate Buy on Company, target price at Rs 630/Sh (Positive)

JM Fin on *Piramal Pharma:* Initiate Buy on Company, target price at Rs 340/Sh (Positive)

Investec on *Grasim:* Birla Opus is steadily gaining traction amongst customers (positive feedback on product quality/ customer inquiries due to marketing initiatives) (Positive)

Jefferies on *IndiGo:* Maintains a buy call. Says, its pace of new aircraft deliveries has picked up in past few months. (Positive)

Centrum on Pharma: GOI has allotted Rs10bn for Bulk drug parks to manufacture KSM, Drug Intermediates (DI) and API. Top picks *Sun Pharma, JB Chemicals, Medanta, Dr Lal Pathlabs* (Positive)

CLSA on IT stocks: *TCS, Infosys and Wipro* in their quarterly preview showed confidence in improving client sentiments (Positive)

Citi on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 1990/Sh (Neutral)

Citi on *RBL Bank:* Maintain Buy on Bank, target price at Rs 255/Sh (Neutral)

MS on *Wipro:* Maintain Underweight on Company, target price at Rs 250/Sh (Neutral)

Citi on *Vedanta:* Maintain Buy on Company, target price at Rs 485/Sh (Neutral)

Citi on *PEL:* Maintain Sell on Company, target price at Rs 800/Sh (Negative)

Investec on Paints: Demand in Q3 FY25 continues to be subdued but expressed hope for a recovery in Q4, *Asian Paints and Berger Paints* are our fast Sell ideas (Negative)

Stocks Picker Articles

17 Dec 2024 03:37

*Happiest Minds:* Company announced the merger of its wholly-owned subsidiary, Happiest Minds Inc. (Neutral)

*GG Engineering:* Company will merge with Integra Essentia Limited. (Neutral)

*CreditAccess Grameen:* Company received an income tax demand of Rs. 46.03 Cr for AY 2022-23. (Neutral)

*Abbott India:* Company’s Mr.Sridhar Kadangode resigned as CFO, Whole time director and director. (Neutral)

*Continental Petroleums:* Company approved acquiring 49.58% of Unique Techno Associates. (Neutral)

*NDR Auto:* Company’s CFO, Mr. Mohit Kumar Jain, and resigned, effective March 31, 2025. (Neutral)

*SRF:* LIC increases stake in SRF to 5.00% from 4.97%. (Neutral)
      
*Supreme Petro:* Long-term bank facilities rating reaffirmed at Crisil AA-/Positive(outlook revised from 'Stable'). Short-term rating remains Crisil A1+. (Neutral)

*Uniparts:* Company announced the resignation of Abhay Kapoor, Senior Vice President - Head HR. (Neutral)

*Varun Beverages Limited:* Company announced that it has acquired 39.93% of Lunarmech Technologies Private Limited. (Neutral)

*Mankind Pharma:* Company to launch QIP to raise up to ₹3,000 cr, issue price likely at ₹2,520/sh. (Neutral)

*Mindspace REIT:* ADIA is likely to divest a 9.2% stake in Mindspace Business Parks REIT through a block deal valued at ₹1,903 crore. (Neutral)

*LIC:* Company reports unclaimed maturity amounts of Rs 880.93 crore for fiscal 2024. (Neutral)

*Mawana Sugars:* Company received notices from Delhi's Anti-Corruption Branch. (Negative)

*PNB Gilts:* Vikas Goel Resigns as Managing Director and CEO of PNB Gilts w.e.f. December 23, 2024. (Negative)

Stocks Picker Articles

16 Dec 2024 04:26

Forthcoming Event

16th December: VEDL to consider Dividend; Thinkink Picturez to consider Dividend & Bonus issue; Alexander Stamps And Coin, Continental Petroleums, Finkurve Financial Services to consider Fund Raising; T T Limited to consider Stock Split

17th December: IIRM Holdings India to consider Fund Raising

18th December: VTMLTD to consider Dividend; Heera Ispat, Steel Exchange India, Borosil Renewables, Swelect Energy Systems, Indowind Energy, Vardhman Polytex to consider Fund Raising

19th December: Anupam Finserv to consider Fund Raising

20th December: Ksolves India to consider Stock Split; Ind Renewable Energy to consider Fund Raising

21st December: Vakrangee to consider Fund Raising

23rd December: Paisalo Digital to consider Fund Raising

Stocks Picker Articles

16 Dec 2024 03:49

*Fund Houses Recommendations*


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

Emkay on *Kalpataru:* Maintain Buy on Company, target price at Rs 1550/Sh (Positive)

JP Morgan on *Godrej CP:* Maintain Overweight on Company, target price at Rs 1365/Sh (Positive)

Axis on *Swiggy:* Initiate Buy on Company, target price at Rs 640/Sh (Positive)

NB on *Data Patterns:* Maintain Buy on Company, target price at Rs 2997/Sh (Positive)

Jefferies on *Max Fin:* Maintain Buy on Company, target price at Rs 1680/Sh (Positive)

Goldman Sachs on *Consumer Durables* for FY26: Expect real estate driven demand for electricals and durables to accelerate roved (Positive)

HSBC on Financials: Expect easier liquidity conditions in 2025, which should aid deposit growth. *Axis Bank, HDFC Bank, Shriram Fin, Bajaj Fin and ICICI Bank* are top picks (Positive)

Systematix on markets: Markets sentiment lack conviction; sector rotation being seen. HDFC Bank, Muthoot, Berger, Marico, Hindalco, Gulfoil, Gail, Sun Ph, Nalco are top picks (Positive)

Emkay on Insurance stocks: Maintain Buy on *HDFC Life*, Maintain Add on *ICICI Pru, SBI Life and LIC* (Positive)

Morgan Stanley on Energy: Integrated margin for OMCs was largely stable despite depreciating ` as Brent remained weaker. *HPCL and BPCL* top picks (Positive)

Nomura on Cement: Maintains a Buy call on *UltraTech and Shree Cement* while maintaining a neutral call on *Nuvoco and ACC* (Neutral)

Jefferies on *PI Ind:* Maintain Buy on Company, cut target price at Rs 4865/Sh (Neutral)

GS on *Symphony:* Maintain Neutral on Company, target price at Rs 1480/Sh (Neutral)

JP Morgan on *Persistent:* Maintain Overweight on Company, target price at Rs 6100/Sh (Neutral)

CLSA on *Tata Power:* Maintain Underperform on Company, target price at Rs 351/Sh (Neutral)

Incred on *Persistent:* Maintain Hold on Company, target price at Rs 6863/Sh (Neutral)

Citi on *HCL Tech:* Maintain Neutral on Company, target price at Rs 1815/Sh (Neutral)

Citi on *TCS:* Maintain Sell on Company, target price at Rs 3935/Sh (Negative)

Citi on *LTIM:* Maintain Sell on Company, target price at Rs 5710/Sh (Negative)

Citi on *Tech M:* Maintain Sell on Company, target price at Rs 1475/Sh (Negative)

Stocks Picker Articles

16 Dec 2024 03:48

MaxLife: Company has been rebranded to Axis Max Life Insurance, says Max Financial. (Neutral)

ONGC: Clarification regarding the likely public listing of ONGC Green. (Neutral)

Anjani Finance: Company sold a 600 KW windmill located in Rajasthan to Shri Mohangarh Renewables Pvt. Ltd. (Neutral)

REC Ltd: Company received a fine from NSE & BSE for non-compliance with SEBI regulations on board composition. (Neutral)

Torrent Pharmaceuticals: Company as partially redeemed Rs 142.86 crore of its Rs 1000 crore secured redeemable Non-Convertible Debentures (NCDs) on Dec 13, 2024. (Neutral)

Aptus Value: Company received credit ratings from CARE Ratings. A new Rs. 250 Cr Non-Convertible Debenture (NCD) issue received a CARE AA-. (Neutral)

One97 Communications: Company announced the completion of the sale of Stock Acquisition Rights held by One97 Communications Singapore Private Limited in PayPay Corporation, Japan. (Neutral)

JK Paper: Company announced a composite scheme of arrangement involving its subsidiaries: JKPL Utility Packaging Solutions, Securipax Packaging, Horizon Packs, Enviro Tech Ventures, and PSV Agro Products. (Neutral)

Mukta Arts: Company’s CFO, Mr. Prabuddha Dasgupta resigned effective December 13, 2024, due to pursue for other opportunities. (Neutral)

Sula Vineyards: Company appointed Mr. Gorakh Gaikwad as its Chief Operating Officer (COO), effective December 21, 2024. (Neutral)

Bharti Airtel: DoT issues warning and penalty for subscriber verification lapses (Neutral)

Siyaram Recycling: Company announced Ms. Megha Maheshwari's appointment as an additional Whole-Time director. (Neutral)

Aarti Pharmalabs: Company announced the appointment of Shri Jeevan Mondkar as Company Secretary, Compliance Officer (Neutral)
Chennai Petroleum: Company appointed Shri M Anna Durai as a Non-Executive Director, effective December 13, 2024. (Neutral)

GTPL Hathway: Company sold its entire 61% stake (12,200 shares) in subsidiary GTPL Bansidhar Telelink Pvt Ltd. (Neutral)

Navin Fluorine: Amrit Singh resigns as CEO- Specialty Business of the company w.e.f. February 10, 2025. (Negative)

Ceigall India: Company announced the cancellation of its ₹207 crore tender for a road construction project in Jharkhand. (Negative)

Stocks Picker Articles

13 Dec 2024 04:27

*Forthcoming Event*

13th December: Garnet International, Greenhitech Ventures, Sudarshan Chemical Industries to consider Fund Raising

14th December: Aeroflex Industries, Commercial Syn Bags, Iris Clothings, Moksh Ornaments, Shrenik to consider Fund Raising

16th December: VEDL to consider Dividend; Thinkink Picturez to consider Dividend & Bonus issue; Alexander Stamps And Coin to consider Fund Raising; T T Limited to consider Stock Split

18th December: Steel Exchange India to consider Fund Raising

20th December: Ksolves India to consider Stock Split

23rd December: Paisalo Digital to consider Fund Raising

Stocks Picker Articles

13 Dec 2024 04:00

*Stocks in action*

*Natco Pharma* : It is a vertically integrated and R&D focused pharmaceutical company that specialises in development, manufacturing and marketing of Finished Dosage Formulations (FDF) and Active Pharmaceutical Ingredients (APIs). The Company's focus is primarily on niche therapeutic areas and complex products. FDF products are sold in the United States, India, Europe and the rest of the world . Natco's API products are primarily used for captive consumption in its FDF products and are also sold to customers of various international markets such as Brazil, Europe and USA. The company posted phenomenal results for the quarter ended Q2FY25 with a staggering growth of 35.3% YoY in its consolidated total revenue, which came at Rs 1,434.9 cr, with net profit rising 82%(YoY) to Rs 67.6 cr .This growth was primarily driven by strong export formulations and stable pharmaceutical operations. Currently the company is on track to capture one-third of the Revilmid market share by January and remains optimistic about its overall product pipeline, including upcoming launches for Semaglutide and olaparib. Company has been investing heavily in R&D, focusing on innovative and disruptive projects, while also exploring acquisition opportunities to enhance global market presence, particularly in regions like Brazil, Canada, the Middle East, and Southeast Asia. Going forward the management has given a guidance of 20% growth for FY25 and is optimistic on exceeding the guidance. *Positive on Natco Pharma given the strong fundamentals and performance of the company.*

*Indegene* : The Company is a global provider of solutions consisting of analytics, technology and commercial, medical, regulatory and safety services to life science and healthcare organisations. It provides digital-led commercialization services for the life sciences industry, including biopharmaceutical, emerging biotech and medical devices companies. These services in turn assist them with drug development, clinical trials, regulatory submissions, pharma covigilance and complaints management. For the quarter ended Q2 FY '25 the company posted a topline of Rs 686 cr, reflecting a 8% YoY growth. PBT grew by 23% YoY to 126 cr, PAT also grew by 23% YoY to 92 cr. The growth was mainly driven by Enterprise Commercial Solutions segment (largest segment) which grew by 3% (sequentially) & Enterprise Medical segment which grew by 4.6% (sequentially). The company has been experiencing significant traction from both mid and big sized pharma segments. Management aims for EBITDA margins to stabilize around 20% in the near term, with a medium-term goal of exceeding 22-24%. Indegene is also actively scouting for M&A opportunities to expand capabilities. The company has also been focusing on integrating capabilities from Cult acquisition to enhance offerings and drive growth. Additionally the previously challenged accounts are now stabilising and the customers outside the top 20 are also growing at a rapid pace of 10.1% (sequentially). Management is also optimistic of future growth driven by new product launches and adaptation of digital solutions for better customer engagement. *Positive on Indegene given the strong fundamentals and performance of the company.*

Stocks Picker Articles

13 Dec 2024 03:41

*Stocks in News*


*Firstsource Solutions Ltd:* Company partners with WebID Group to fortify platform safety and advance tech‐driven Trust & Safety solutions. (Positive)

*NESCO:* Company has been awarded a 30-year contract by National Highways Logistics Management Limited to develop and operate wayside amenities on the Hyderabad-Visakhapatnam Expressway. (Positive)

*Uttam Sugar:* Company’s credit ratings have been revised by CARE Ratings. Long-term bank facilities rating improved from BBB+ to A- (Positive)

*Tata Motors:* Company will increase commercial vehicle prices up to 2% from January 1st, 2025, to offset rising input costs. (Positive)

*GNA Axles Limited:* Company announced the commissioning of a 4 MW rooftop solar power plant at its Kapurthala facility. (Positive)

*TT Limited:* Company announced the imminent launch of its Howrah, West Bengal production facility. (Positive)

*Shree OSFM E-Mobility:* Company’s long-term bank loan rating upgraded to CRISIL BBB-/Stable from CRISIL BB+/Positive by CRISIL Ratings Limited. (Positive)

*Bajel Projects:* Bags order for Supply of Goods and Services Contract for EPC work for Establishment of new 400/200 KV Solapur Substation. (Positive)

*GR Infraprojects:* Gets Letter of Intent for a transmission project in Karnataka from PFC Consulting; quoted price for the project is at ₹107.7 cr/annum. (Positive)

*Pennar Industries:* Company to enter into JV agreement with Zetwerk Manufacturing Businesses to manufacture & sale of solar modules & cells (Positive)

*Quick Heal:* Company to focus on growth with new product launches (Positive)

*JK Tyre:* Company said it has secured a €30 million long-term loan from DEG – Deutsche Investitions- und Entwicklungsgesellschaft (Positive)

*Godrej Ind:* Acquired 26% stake in Clean Max Kaze Private Limited. (Positive)

*HAL:* MoD signs contract worth Rs 13,500 Cr with HAL for procurement of 12 Su-30MKI Aircraft (Positive)

*GHCL:* Company received environmental clearance for the soda ash plant. (Positive)

*Larsen:* Indian Light Tank manufactured by company, achieves major milestone by firing at high altitude (Positive)

*Mazdock:* Thyssenkrup Marine Systems is a partner of Mazagaon Docks. (Positive)

*Power Grid:* Company declared a successful bidder for two transmission projects. (Positive)

*USL/UBL:* India and U.K. are expected to hold next round of talks for a proposed FTA in January. (Positive)

*AWL/Patanjali:* India's edibleoil import rises 38.5% to 15.9 lakh tonne in November. (Positive)

*VBL:* India now an anchor market says Pepsico, co rolls out new global restructuring plan amid challenges in its top markets (Positive)

*Ashok Leyland:* Company said it has won an order from the TNSTC to supply 1,475 BSVI diesel passenger bus chassis (Positive)

*Gopal Snacks:* Company announced a temporary operational suspension at its Metoda, Rajkot manufacturing plant due to a fire incident (Neutral)

*Veefin Solns:* Company Arm acquires 50% stake in Walnut AI for $2 million. (Neutral)

*NACL Industries:* Company board approves issuance of 6.9 Million warrants at Rs 58 each, board approves issuance of 1.7 Million shares at Rs 58 each (Neutral)

*Swati Projects Ltd:* Company acquired 76% stake in Radhashree Apartments Pvt Ltd (Neutral)

*Fiem Industries:* Company announced the resignation of Mr. Bhupinder Pal Singh, President, and effective December 14, 2024 (Neutral)

*Reliance Infra:* The Supreme Court issues notice for contempt proceedings against DAMEPL and Axis Bank. (Neutral)

*Kalpataru Projects:* Company to Raise Up to ₹1,000 Cr via QIP, Issue Price At ₹1,201/sh. (Neutral)

*Tata Motors:* Company announced that it will increase the prices of its CVs starting January 1, 2025. (Neutral)

*NHPC:* Company said its board of directors has approved a revised borrowing plan to raise up to ₹6,900 crore. (Neutral)

*Adani Green:* Adani Renewable Energy Holding Nine, incorporates three wholly-owned subsidiaries. (Neutral)

Stocks Picker Articles

12 Dec 2024 04:23

Corporate Actions

Arunjyoti Bio Ventures has approved Sub-division/ stock split of existing 1 Equity Share of face value of Rs. 10/-each into 10 Equity Shares of Re. 1/- each, subject to the approval of the members in the ensuing general meeting.

Dividend

13-Dec-24
CEENIK: Final Dividend - Rs. - 1.00

17-Dec-24
STYRENIX: Interim Dividend

IPO
Vishal Mega Mart: Open: 11-Dec-24; Close: 13-Dec-24
Sai Life Sciences: Open: 11-Dec-24; Close: 13-Dec-24
One Mobikwik Systems: Open: 11-Dec-24; Close: 13-Dec-24
Inventurus Knowledge Solutions: Open: 12-Dec-24; Close: 16-Dec-24
International Gemmological Institute: Open: 13-Dec-24; Close: 17-Dec-24

Buyback
---

Bonus
Sky Gold: Bonus Issue 9:1; Ex-Date: 16-Dec-24
Rajeshwari Cans: Bonus Issue 1:1; Ex-Date: 19-Dec-24
Bharat Seats: Bonus Issue 1:1; Ex-Date: 20-Dec-24

Stock Split
Exxaro Tiles: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Dec-24
PC Jeweller: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Dec-24
Shish Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24

Right Issue
Avonmore Capital & Management Services: Ex-Date: 12-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24
Diligent Industries: Open: 11-Nov-24; Close: 09-Dec-24
Scanpoint Geomatics: Open: 05-Dec-24; Close: 13-Dec-24
Pradhin: Open: 25-Nov-24; Close: 16-Dec-24
UPL: Open: 05-Dec-24; Close: 17-Dec-24
NHC Foods: Open: 05-Dec-24; Close: 18-Dec-24
Gujarat Natural Resources: Open: 12-Dec-24; Close: 20-Dec-24
Viceroy Hotels: Open: 12-Dec-24; Close: 24-Dec-24
Enbee Trade & Finance: Open: 10-Dec-24; Close: 30-Dec-24
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25

Open Offer
Astec Lifesciences: Open: 12-Dec-24; Close: 26-Dec-24

Stocks Picker Articles

12 Dec 2024 03:48

Stocks in Action

Inox Wind : Inox Wind Limited is engaged in the business of manufacture and sale of Wind Turbine Generators (WTGs) and also provides Erection, Procurement & Commissioning (EPC), Operations & Maintenance (O&M), wind farm development and Common Infrastructure Facilities services for WTGs and wind farm development services. Inox Wind reported consolidated revenues of Rs 742 cr for Q2 FY '25, reflecting a 93% increase YoY. EBITDA soared to INR 189 cr, up 171%(YoY), with a profit after tax of INR 90 cr, a substantial turnaround from last year's loss. The company executed 140 megawatts during the Q2FY25 and has an order book of 3.3 gigawatts. Management anticipates higher execution numbers in the second half of the year due to increased order inflows and improved margins. Additionally the termination of royalty payments for 3-megawatt turbines is expected to enhance profitability by approximately Rs 600,000 per megawatt starting in the next financial year, contributing to improved EBITDA margins. The company is focused on maintaining strong cash reserves and optimizing operations through strategic planning while anticipating a nil tax rate for FY '25 and a projected increase in margins, especially from ongoing and future projects. Company has also recently forayed into Solar manufacturing which would also provide good traction for the company. Positive on Inox Wind given the strong fundamentals and performance of the company.


Bharat Forge : Bharat Forge Ltd (BFL) is a part of Kalyani Group. The Company is engaged in the manufacturing and selling of forged and machined components including aluminium castings for the auto and industrial sectors. It operates manufacturing facilities at Mundhwa, Baramati, Chakan, Satara and Nellore locations. For Q2FY25, on a standalone basis, the company reported flat revenue growth on a YoY basis to Rs 2,247 cr, although there was a significant improvement in margins. The Operating margins expanded by 140 bp (YoY) to 28.8%. Despite challenges in European operations, expectations are positive for growth in India's commercial and agro markets, alongside strong demand in the U.S. for defense and aerospace sectors. For H1FY25 new orders totaled Rs 646 cr , mainly from defense contracts, with an impressive defense order book of Rs 5,900 cr and revenue of Rs 509 cr in Q2FY25. The aerospace business is expanding, with expectations of rapid growth. CapEx was Rs 80 cr in H1FY25, with lower spending anticipated in the latter half as previous U.S. investments are largely completed. The company is investing in subsidiaries for CapEx in the U.S., enhancing the auto components and solar energy verticals. Company expects a 40%-50% revenue growth in defense segment for the current year and significant contributions from future contracts. Additionally the company has been selected for the development of new carbine for Indian Armed Forces. Positive on Bharat Forge given the strong fundamentals and performance of the company.

Stocks Picker Articles

12 Dec 2024 03:47

*Stocks in News*

Godawari Power: Company enters into an agreement with GAIL for supply of RLNG Gas. (Positive)

Greaves Cotton: Company approves OFS of certain shares of arm Greaves Electric held by the company in the proposed IPO (Positive)

ACME Solar: Company bags 250 MW FDRE (Firm & Dispatchable Renewable Energy) project from NHPC (Positive)

Emmforce Autotech: Company receives a large order worth Rs 470 crore from a US company. (Positive)

Shakti Pumps: Company secures Rs 754.30 crore contract from Maharashtra State Electricity Distribution Company Limited for 25,000 solar water pumps. (Positive)

Reliance Power: Reliance NU Suntech, a Company’s subsidiary, secured India's largest solar energy and battery storage project from SECI at Rs 3.53/kWh (Positive)

Pilani Investment: Company submits application with RBI for conversion of the company from Non-Banking Financial Company to Core Investment Company (Positive)

CWD Limited: Company has received an order with a potential of reaching Rs. 24 Crores. (Positive)

Rudra Global Infra: Company signed a Letter of Intent with Opera Energy Pvt. Ltd. to install a 3.3 MW wind power project for ₹32.28 crore. (Positive)

United Drill Tools: Company has been awarded an order worth INR 1,486.62 MN from Vedanta Limited. (Positive)

Afcons Infrastructure: JV with Hindustan Project has been declared as lowest bidder (L1) for the Water Supply Project of 353 villages worth of Rs 504 crore (Positive)

KSolves: To consider stock split of equity shares (Positive)

Vedanta: Company to consider fourth interim dividend on December 16 (Positive)

Indian Overseas Bank: Company receives order of refund of ₹808.3 crores from income tax department for AY 2013-14 (Positive)

Gland Pharma: Company receives USFDA approval for Phytonadione Injectable Emulsion. (Positive)

PC Jeweller: Company to issues 5.2 cr equity share to consortium lenders, at an issue price of ₹292/sh (Positive)

Waaree Energies: Company receives LoA for the development of 170 MW solar power plant in Madhya Pradesh from Rewa Ultra Mega Solar (Positive)

Nalco/Hindalco: Government may consider addressing inverted duty structure for certain aluminum goods in Budget according to media sources (Positive)

Shriram Finance: Company completes sale of entire 84.4% stake in arm Shriram Housing Finance to Warburg Pincus for ₹3,929 cr (Neutral)

Sona BLW Precision: Amit Dixit, Director of Company, resigned on December 11, 2024. (Neutral)

Shiva Cement: Company amended its MoU with Bhushan Power & Steel Ltd. (Neutral)

Usha Martin Ltd: Company announced the completion of its subsidiary Usha Martin Americas Inc.'s acquisition of 2.02% stake in Usha Siam Steel Industries Public Company Limited from Kobelco Wire Company Limited (Neutral)

Embassy Office Parks REIT: Company approved issuance of NCDS aggregating Rs 10 billion (Neutral)

Swiggy: Company launches One BLCK, Premium membership for convenience and dining (Neutral)

Sammaan Capital: Company board approves fund raise of up to Rs 2,500 crore via QIP. (Neutral)

Varroc Engineering: Singapore tribunal passed order in matter beste motors Company (Neutral)
IDFC FIRST Bank: India Ratings affirmed Bank's debt instruments at IND AA+/Stable. (Neutral)

Grasim Industries: Company approves ₹2,000 Crore Debenture Issuance. (Neutral)

Poonawalla Fincorp: Mr. Dhiraj Saxena resigned from Company on Sep 6, 2024 (Neutral)

Usha Martin: Company’s subsidiary, Usha Martin Americas Inc., will acquire 2.02% stake in Usha Siam Steel Industries. (Neutral)

Ami Organics: Company approves enhancement in capital expenditure of ₹177 cr for its brownfield project of electrolytes additives products. (Neutral)

Yes Bank: RBI approves appointment of Manish Jain as Executive Director of YesBank for 3 years (Neutral)

Nuvama Wealth: EdelFinance, EcapEquities likely to sell 7.1% stake in the co via block deals, at a floor price of ₹6,800/sh. (Neutral)

AGEL: Adani Group seeks to refinance $1.1 billion loan for AGEL amidst market volatility and legal challenges. (Neutral)

Stocks Picker Articles

11 Dec 2024 04:37

Corporate Actions

Indraprastha Gas has approved issuance of Bonus Shares to the Shareholders in the ratio of 1 :1, i.e. 1 Bonus Equity Shares of face value of Rs. 2/- each for every 1 existing equity shares of face value of Rs. 2/- each, subject to the approval of the Shareholders of the Company.

Ascensive Educare has approved the split/sub-division of equity share of the company of Rs. 10/- per share to 10 equity shares of Rs 1/- per share, subject to the approval of shareholders in ensuing Extra Ordinary General Meeting.

Dividend

13-Dec-24
CEENIK: Final Dividend - Rs. - 1.00

17-Dec-24
STYRENIX: Interim Dividend

IPO
Vishal Mega Mart: Open: 11-Dec-24; Close: 13-Dec-24
Sai Life Sciences: Open: 11-Dec-24; Close: 13-Dec-24
One Mobikwik Systems: Open: 11-Dec-24; Close: 13-Dec-24
Inventurus Knowledge Solutions: Open: 12-Dec-24; Close: 16-Dec-24
International Gemmological Institute: Open: 13-Dec-24; Close: 17-Dec-24

Buyback
---

Bonus
Sky Gold: Bonus Issue 9:1; Ex-Date: 16-Dec-24
Rajeshwari Cans: Bonus Issue 1:1; Ex-Date: 19-Dec-24
Bharat Seats: Bonus Issue 1:1; Ex-Date: 20-Dec-24

Stock Split
Exxaro Tiles: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Dec-24
PC Jeweller: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Dec-24
Shish Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24

Right Issue
Quasar India: Ex-Date: 11-Dec-24
Avonmore Capital & Management Services: Ex-Date: 12-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24
Diligent Industries: Open: 11-Nov-24; Close: 09-Dec-24
Scanpoint Geomatics: Open: 05-Dec-24; Close: 13-Dec-24
Pradhin: Open: 25-Nov-24; Close: 16-Dec-24
UPL: Open: 05-Dec-24; Close: 17-Dec-24
NHC Foods: Open: 05-Dec-24; Close: 18-Dec-24
Gujarat Natural Resources: Open: 12-Dec-24; Close: 20-Dec-24
Viceroy Hotels: Open: 12-Dec-24; Close: 24-Dec-24
Enbee Trade & Finance: Open: 10-Dec-24; Close: 30-Dec-24
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25

Open Offer
Astec Lifesciences: Open: 12-Dec-24; Close: 26-Dec-24

Stocks Picker Articles

11 Dec 2024 03:46

*Fund Houses Recommendations*


HSBC on *PB FIntech:* Initiate Buy on Company, target price at Rs 2550/Sh (Positive)

Citi on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8150/Sh (Positive)

MOSL on *VRL:* Maintain Buy on Company, target price at Rs 670/Sh (Positive)

Axis on *Infosys:* Upgrade to Buy on Company, raise target price at Rs 2050/Sh (Positive)

JM on *Axis Bank:* Maintain Buy on Bank, target price at Rs 1425/Sh (Positive)

JM on *Maruti:* Maintain Buy on Company, target price at Rs 1550/Sh (Positive)

JM on *BHEL:* Maintain Buy on Company, target price at Rs 371/Sh (Positive)

JM on *Nippon Life:* Maintain Buy on Company, target price at Rs 800/Sh (Positive)

JM on *Ahluwalia Contracts:* Maintain Buy on Company, target price at Rs 1315/Sh (Positive)

JM on *SAMIL:* Maintain Buy on Company, target price at Rs 210/Sh (Positive)

Axis on *CUB:* Initiate Buy on Bank, target price at Rs 220/Sh (Positive)

CLSA on *Cement:* Cement prices increased by Rs10-30/bag in early December, implying pan India 3Q prices are up 3.5% QoQ (Positive)

Citi on *FMCG/Consumption:* Top Buys VBL, Godrej CP, HUL, Britannia, Jubilant Food, Kalyan Jewel, Polycab and Trent (Positive)

Citi on *FMCG/Consumption:* Top Sells Colgate, Dabur, Asian Paints, DMart and Page (Positive)

UBS on *Consumer, Retail and Media Sector:* Investors remain selective and prefer companies with the least earnings downgrade risk (Neutral)

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

GS on *DMart:* Maintain Sell on Company, cut target price at Rs 3425/Sh (Neutral)

Investec on *Wipro:* Maintain Sell on Company, target price at Rs 290/Sh (Neutral)

Stocks Picker Articles

10 Dec 2024 03:55

Corporate Actions

Shraddha Prime Projects recommend issue of Bonus Shares, in the ratio of 1 Equity Share for every 1 Equity Shares held, subject to approval of the shareholders.

Dividend

13-Dec-24
CEENIK: Final Dividend - Rs. - 1.00

17-Dec-24
STYRENIX: Interim Dividend

IPO
Vishal Mega Mart: Open: 11-Dec-24; Close: 13-Dec-24
Sai Life Sciences: Open: 11-Dec-24; Close: 13-Dec-24
One Mobikwik Systems: Open: 11-Dec-24; Close: 13-Dec-24
Inventurus Knowledge Solutions: Open: 12-Dec-24; Close: 16-Dec-24
International Gemmological Institute: Open: 13-Dec-24; Close: 17-Dec-24

Buyback
---

Bonus
Achyut Healthcare: Bonus Issue 4:10; Ex-Date: 10-Dec-24
Sky Gold: Bonus Issue 9:1; Ex-Date: 16-Dec-24
Rajeshwari Cans: Bonus Issue 1:1; Ex-Date: 19-Dec-24
Bharat Seats: Bonus Issue 1:1; Ex-Date: 20-Dec-24

Stock Split
Achyut Healthcare: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 10-Dec-24
Global Education: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 10-Dec-24
Shradha AI Tech: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 10-Dec-24
Shradha Infraprojects: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 10-Dec-24
Exxaro Tiles: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Dec-24
PC Jeweller: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Dec-24
Shish Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24

Right Issue
Quasar India: Ex-Date: 11-Dec-24
Avonmore Capital & Management Services: Ex-Date: 12-Dec-24
Shangar Decor: Open: 08-Nov-24; Close: 06-Dec-24
Diligent Industries: Open: 11-Nov-24; Close: 09-Dec-24
Scanpoint Geomatics: Open: 05-Dec-24; Close: 13-Dec-24
Pradhin: Open: 25-Nov-24; Close: 16-Dec-24
UPL: Open: 05-Dec-24; Close: 17-Dec-24
NHC Foods: Open: 05-Dec-24; Close: 18-Dec-24
Gujarat Natural Resources: Open: 12-Dec-24; Close: 20-Dec-24
Viceroy Hotels: Open: 12-Dec-24; Close: 24-Dec-24
Enbee Trade & Finance: Open: 10-Dec-24; Close: 30-Dec-24
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25

Open Offer
Astec Lifesciences: Open: 12-Dec-24; Close: 26-Dec-24

Stocks Picker Articles

17 Dec 2024 04:26

*Corporate Actions*

Thinkink Picturez has approved the Issue of Bonus Shares to the equity shareholders in the ratio of 2:1 i.e., 2 new Equity Shares for every 1 existing Equity Share held subject to the approval of the shareholders of the Company.

T T Limited has approved Sub-division/ split of existing Equity Shares from One equity share having face value of Rs. 10/- each, into 10 equity shares having face value of Rs. 1/- respective, subject to approval of the Shareholders.

*Dividend*

*17-Dec-24*
STYRENIX: Interim Dividend - Rs. - 31.00

*19-Dec-24*
BAMBINO: Final Dividend - Rs. - 1.60

*20-Dec-24*
SACHEMT: Interim Dividend - Rs. - 0.05

*24-Dec-24*
VEDL: Interim Dividend - Rs. – 8.50

*IPO*
International Gemmological Institute: Open: 13-Dec-24; Close: 17-Dec-24
Transrail Lighting: Open: 19-Dec-24; Close: 23-Dec-24
Mamata Machinery: Open: 19-Dec-24; Close: 23-Dec-24
DAM Capital Advisors: Open: 19-Dec-24; Close: 23-Dec-24
Sanathan Textiles: Open: 19-Dec-24; Close: 23-Dec-24
Concord Enviro Systems: Open: 19-Dec-24; Close: 23-Dec-24
Ventive Hospitality: Open: 20-Dec-24; Close: 24-Dec-24

*Buyback*
---

*Bonus*
Rajeshwari Cans: Bonus Issue 1:1; Ex-Date: 19-Dec-24
Linc: Bonus Issue 1:1; Ex-Date: 20-Dec-24
Bharat Seats: Bonus Issue 1:1; Ex-Date: 20-Dec-24
Aayush Wellness: Bonus Issue 1:2; Ex-Date: 26-Dec-24

*Stock Split*
Shish Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Dec-24
Linc: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 20-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24

*Right Issue*
UPL: Open: 05-Dec-24; Close: 17-Dec-24
NHC Foods: Open: 05-Dec-24; Close: 18-Dec-24
Gujarat Natural Resources: Open: 12-Dec-24; Close: 20-Dec-24
Vistar Amar: Open: 13-Dec-24; Close: 20-Dec-24
Viceroy Hotels: Open: 12-Dec-24; Close: 24-Dec-24
Ace Software Exports: Open: 16-Dec-24; Close: 27-Dec-24
Enbee Trade & Finance: Open: 10-Dec-24; Close: 30-Dec-24
Aastamangalam Finance: Open: 27-Dec-24; Close: 03-Jan-25
Avonmore Capital & Management Services: Open: 23-Dec-24; Close: 06-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25

*Open Offer*
Astec Lifesciences: Open: 12-Dec-24; Close: 26-Dec-24

Stocks Picker Articles

17 Dec 2024 03:37

*Stocks in Action*

*Dixon Technologies* -The Company is the largest home-grown design-focused and solutions company engaged in manufacturing products in consumer durables, lighting and mobile phones markets The Company provides solutions in reverse logistics i.e. repair and refurbishment services of Set Top Boxes, Mobile Phones and LED TV Panels. Dixon Technologies gave stellar results for the quarter ended Q2FY25. It reported consolidated revenues of Rs 11,528 cr (up 133% YoY) with an EBITDA of Rs 420 cr( up 114% YoY)and a PAT of Rs 412 cr,( up 265% YoY). The mobile phones and EMS segment led the topline growth with a revenue surge to Rs 9,444 cr (up 225% YoY), while consumer electronics generated Rs 1,413 cr. The company announced a committed CapEx of Rs 150 cr for its Chennai plant, aiming to ramp up production significantly under the Production-Linked Incentive scheme. Dixon aims to achieve substantial growth & improvement in operating margin in the foreseeable future driven by initiatives like additional capital investments, backward integration & expansion into IT hardware & non semiconductor components. Additionally the company has also entered into a binding term sheet with Vivo india to setup a JV in order to undertake OEM business of electronic devices, including Smartphones. The facility will undertake part of vivo’s OEM orders of smartphones in India, and can also engage in OEM business of various electronic products of other brands. *Positive on Dixon Technologies given the strong fundamentals and performance of the company.*

*Swiggy* : The company is a consumer-first technology company offering users an easy-to-use convenience platform - to browse, select, order and pay for food (Food Delivery), grocery and household items (Instamart), and have their orders delivered to their doorstep through on-demand delivery network. The company posted strong results in Q2FY25 with B2C Gross Order Value(GOV) reaching over Rs 11,300 cr, reflecting an 11% QoQ and a 30% YoY growth. Monthly Active Users (MTUs) increased by 18% to 17.1 million. Consolidated adjusted EBITDA loss reduced by 30% (YoY) to Rs 341 cr in B2C businesses. Food delivery GOV grew by 5.6% QoQ with margins ramping up to 1.6%.Quick commerce GOV surged by 24% QoQ, driven by a 21% volume growth. Contribution Margins improved from -3.2% to -1.9%, with strong quick commerce volume growth driven by 10%( QoQ) increase in daily orders per store. Company has also undertaken various strategic initiatives like Launching Swiggy Bolt, a quick delivery service operational in 400 cities, focusing on restricted last-mile deliveries within 2 kilometers. The company plans to double its dark store area to 4 million square feet by March 2025, indicating confidence in demand uptake. Swiggy targets breakeven in contribution margins for Instamart by FY 2025 driven by ongoing investments in infrastructure and marketing. The company is exploring new revenue streams, including partnerships and advertising, to enhance profitability. Management is cognisant of the fact that the quick commerce space is currently a very competitive space, but it is quite confidant on outpacing the challenges from the competition and driving growth by geographic expansion and increased penetration in existing cities. The company is also focused on affordability initiatives to cater to consumers in peripheral cities where demand is growing *. Positive on Swiggy given the strong fundamentals and performance of the company* .

Stocks Picker Articles

17 Dec 2024 03:37

*Stocks in News*

*Metropolis Healthcare:* Company’s acquisition focuses on strengthening Metropolis' specialized diagnostics, particularly in oncology, a rapidly growing market in India. (Positive)

*RVNL:* Company gets LoA from Maharashtra Metro Rail Corporation for a project worth ₹270 cr. (Positive)

*Vedanta:* Ind-Ra upgrades Vedanta’s NCD rating with a rider (Positive)

*TCS:* Company partners with Landis+Gyr to deliver next-generation energy efficiency solutions. (Positive)

*Patanjali Foods:* Company Commenced commercial production at its Niglok Palm Oil Processing Mill in Arunachal Pradesh on December 16, 2024. (Positive)

*HPCL:* Company Board Approved the Lube Modernization and Bottoms Upgradation Project at Mumbai (Positive)

*Texmaco Rail:* Company gets work order for Rs 187 crore for construction of transmission lines from Chhattisgarh government. (Positive)

*GMR Airports:* Total airports passenger traffic up 14% at 1.12 crore year-on-year. (Positive)

*Waaree Energies:* Company bags two module supply orders, aggregating 398 megawatts in the domestic market. (Positive)

*Oriana Power:* Company commits investments worth Rs 10,000 crore in Rajasthan for development of green energy projects. (Positive)

*Anant Raj:* Company allotted 1369863 Fully convertible warrents to its promoter and promoter group. (Positive)

*NITCO:* Company received a Rs 105.4 cr order from Prestige Estates Projects Limited. (Positive)

*Speciality Restaurants:* Company launched a new restaurant, Bizarre Asia, in Kolkata. (Positive)

*Electronics Mart:* Company opened a new Bajaj Electronics store in Telangana. (Positive)

*GAIL India:* Qatar will supply LNG to Gail India from next year under a new five-year pact. (Positive)

*Railtel:* Company received a ₹38 crore work order from Central Warehousing Corporation for CCTV work. (Positive)

*Zomato/ Swiggy:* GST Council likely consider lowering tax on food delivery by e-commerce operators on delivery charges from 18% to 5% without ITC: CNBC Sources. (Positive)

*HCC:* Company opens fund raising through QIP, Floor price Rs 45.24 per share. (Positive)

*Hotel Stocks:* GST Council relief likely for restaurants at hotels that provides accommodation of more than ₹7500/night room. Hotels upon prior declaration can either opt to charge 5% without ITC on restaurant services or 18% with ITC: CNBC Sources. (Positive)

*Indus Tower:* Income Tax Appellate Tribunal orders in favour of the company on denial of depreciation of assets received under merger. Order to result in reduction of ₹3,500 crore in contingent liability. (Positive)

*Godavari Biorefineries:* Ethanol and bio-based chemicals maker announced plans to invest ₹130 crore in a new 200 KLPD corn/grain-based ethanol distillery. (Positive)

*Moneyboxx Finance*: Company opened a new branch office in Sultanpur, Bihar. (Positive)

*Tata Power/JSW Energy:* MNRE secretary: Starting with 10%, battery storage capacity is likely to be made mandatory for project developers for solar + wind projects (Positive)

*HDFC Bank:* Gets administrative warning from Sebi over delayed disclosure of mortgage head's resignation in March (Neutral)

*Hitech Corp:* Company appoints Mr Jasraj Singh as Chief Operating Officer, effective December 16, 2024. (Neutral)

*Mankind Pharma:* Company acquired 100% of Bharat Serums and Vaccines. (Neutral)

*Allcargo Terminals:* November Business Update, CFS volumes down 4% YoY & up 1% QoQ at 47.7 TEUs. (Neutral)

*Vedanta:* Company Board Approved Rs 8.50/ Share Interim Dividend. (Neutral)

*CDSL:* Company’s e-voting results are in favour of Shri Nehal Vora’s appointment as Managing Director & CEO is ratified. (Neutral)

*Indian Bank:* Bank confirms payment of interest on its Debt Securities (AT1 Bonds). Amount paid: Rs.47.26 Cr. (Neutral)

*Gravita India:* Company announced the approval of its Qualified Institutions Placement (QIP) of equity shares. Floor price of Rs 2206.49 per share. (Neutral)

Stocks Picker Articles

16 Dec 2024 04:26

Corporate Actions

Dividend

13-Dec-24
CEENIK: Final Dividend - Rs. - 1.00

17-Dec-24
STYRENIX: Interim Dividend - Rs. - 31.00

19-Dec-24
BAMBINO: Final Dividend - Rs. - 1.60

20-Dec-24
SACHEMT: Interim Dividend - Rs. - 0.05

24-Dec-24
VEDL: Interim Dividend

IPO
Inventurus Knowledge Solutions: Open: 12-Dec-24; Close: 16-Dec-24
International Gemmological Institute: Open: 13-Dec-24; Close: 17-Dec-24
Transrail Lighting: Open: 19-Dec-24; Close: 23-Dec-24
Mamata Machinery: Open: 19-Dec-24; Close: 23-Dec-24

Buyback
---

Bonus
Sky Gold: Bonus Issue 9:1; Ex-Date: 16-Dec-24
Rajeshwari Cans: Bonus Issue 1:1; Ex-Date: 19-Dec-24
Linc: Bonus Issue 1:1; Ex-Date: 20-Dec-24
Bharat Seats: Bonus Issue 1:1; Ex-Date: 20-Dec-24
Aayush Wellness: Bonus Issue 1:2; Ex-Date: 26-Dec-24

Stock Split
PC Jeweller: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Dec-24
Shish Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Dec-24
Linc: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 20-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24

Right Issue
Pradhin: Open: 25-Nov-24; Close: 16-Dec-24
UPL: Open: 05-Dec-24; Close: 17-Dec-24
NHC Foods: Open: 05-Dec-24; Close: 18-Dec-24
Gujarat Natural Resources: Open: 12-Dec-24; Close: 20-Dec-24
Vistar Amar: Open: 13-Dec-24; Close: 20-Dec-24
Viceroy Hotels: Open: 12-Dec-24; Close: 24-Dec-24
Ace Software Exports: Open: 16-Dec-24; Close: 27-Dec-24
Enbee Trade & Finance: Open: 10-Dec-24; Close: 30-Dec-24
Aastamangalam Finance: Open: 27-Dec-24; Close: 03-Jan-25
Avonmore Capital & Management Services: Open: 23-Dec-24; Close: 06-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25

Open Offer
Astec Lifesciences: Open: 12-Dec-24; Close: 26-Dec-24

Stocks Picker Articles

16 Dec 2024 03:48

*Stocks in action*

*Astra Microwave Products* : Astra Microwave Products is engaged in design, development, manufacture and supply of microwave super components, sub-systems and systems finding for Defense, Space, Telecom, Meteorology and Civil Communication Systems. The products of the Company are widely used in VSAT operations, radars, and navigational equipment, public mobile trunk radio (PMTR), WLL, Cellular GSM/DCS or PCS networks. For the quarter ended Q2FY25 ,the company reported consolidated revenue of Rs 230 cr, a 21% YoY growth, with EBITDA growing by 16% YoY to 49cr. The EBITDA margin came at 21% bolstered by 80% of revenues coming from local defence production. During the quarter, the company entered into an MOU with Premier Explosives Limited for a strategic alliance and a joint venture with Manjeera Digital Systems focused on manufacturing NavIC chips. These alliances would help the company to provide innovative solutions in the defense segment. Currently company’s order book stands at solid Rs 2,269 cr. Management has a target for new orders between Rs 1,200 - 1,300 cr and a projected annual revenue of Rs 1,000 - 1,100 cr for FY25. The company is also investing heavily in R&D for advancing in silicon carbide wafers and GaN-based technologies. There are also ongoing developments in radar systems and a telemetry missile export order. Aditionally the company has also bagged a order of Rs.255.88 Cr from the Ministry of Defence for the procurement of 93 additional sets of Software Defined Radios LRUs with A kits, SBC 2 card and Network Centric Operations application for the Su-30 MKI fighter aircraft. *Positive on Astra Microwave Products given the strong fundamentals and performance of the company.*

*Mphasis* : Mphasis is a global Information Technology (IT) solutions provider specializing in providing cloud and cognitive services. It applies next-generation technology to help enterprises transform businesses globally. Mphasis specializes in providing a suite of application development and maintenance services, infrastructure outsourcing services and business & knowledge process outsourcing solutions to clients around the world. In Q2 FY 25 Mphasis reported strong set of numbers with top line growing by 5.4% YoY to Rs 3536 cr. EBITDA grew by 9% YoY to reach Rs 648 cr, while the PAT grew by 8% YoY to reach 423cr The company also maintained strong client acquisition across sectors despite slight declines in specific regions. Management has been emphasising on margin expansion and cost management in order to maintain a comfortable operating margin range while implementing an account-focused strategy. The company is also cautiously managing headcount in response to demand forecasts. Even on the technology front the company is increasingly focusing on supporting clients in adopting AI technologies like NeoZeta and NeoCrux, in order to provide better productivity & cost savings as well as disrupting traditional labour intensive models. Mphasis has also witnessed strong growth in its overall order pipeline( 23% YoY) and going ahead the company is well positioned to grow, especially in the banking & insurance sector driven by its strong pipeline centered around AI solutions. *Positive on Mphasis given the strong fundamentals and performance of the company.*

Stocks Picker Articles

16 Dec 2024 03:48

*Stocks in News*


Premier Explosives: Company signs MoU with Global Munition to set up a JV to manufacture defence & aerospace products. (Positive)

Lupin: Company acquires 3 anti-diabetes trademarks from Boehringer Ingelheim International. (Positive)

Bharat Forge: Arm Kalyani Strategic Systems to acquire 25% stake in Edgelab S.p.A, Italy, for €2.50 million (Positive)

Genus power: Company announces commencement of commercial production of its smart electronic energy meter manufacturing facility in Assam. (Positive)

Dixon: Company signs binding term sheet with Vivo India for proposed electronic devices JV (Positive)

GNA Axles Limited: Company announced the commissioning of a 4 MW rooftop solar power plant at its Kapurthala facility. (Positive)

Elcid Investments: Company applied to the Reserve Bank of India to register its Non-Banking Financial Company (NBFC) as a Type NBFC-ND (Positive)

Jaiprakash Power: Company announced that the Andhra Pradesh High Court stayed the Rs.1334 crore penalty imposed by the Department of Mines & Geology for alleged illegal sand mining. (Positive)

Mahindra Logistics: Noida Airport partners Mahindra Logistics for electric taxi service. (Positive)

HBL Power: Company has received a Kavach order worth Rs.1522.4 Crores from Chittaranjan Locomotive Works. (Positive)

RITES: Receives work for construction of Integrated Check Post from MEA, Govt of India, worth ₹297.7cr (Positive)

Aurobindo Pharma: Announces CHMP within the European Medicines Agency adopts positive opinion for Zefylti (Positive)

Welspun Corp: Company kicks off $100-million expansion plan to double the capacity of its Little Rock facility in U.S. to 3.5 lakh tonnes (Positive)

Sky Gold: Company plans to enter into Lab grown diamond business in next two quarters. (Positive)

Madhav Infra Projects: Company wins LoA for project of Rs 264.4 crore (Positive)

Afcons: Received Letter of Acceptance for Bhopal Metro project. (Positive)

Zydus Wellness: Subsidiary ZWPL won a High Court appeal. The court overturned an earlier decision, ordering authorities to reconsider ZWPL's claim for budgetary support within 12 weeks (Positive)

Praj Industries: Company announces the formation of a wholly-owned subsidiary, Praj Projects (Tanzania) Limited, to expand its business in Tanzania. (Positive)

Lemon Tree Hotels: Company will open a new 74-room hotel in Bhuj, Gujarat in FY2026. (Positive)

Happy Forgings: Company secures order for crankshafts worth INR 140 crores. (Positive)

Royal Orchid Hotel: Company expands Regenta brand with 2 new properties in Goa. (Positive)

GE Power: Company India receives Rs 182.7 million order extension. (Positive)

Mahindra Life: Company is on track to surpass its Rs 2,500 crore pre-sales guidance for fiscal 2024-25 (Positive)

Biocon: European Medicines Agency’s Committee for medicinal products for human use recommends approval of Biocon Biologics’ YESINTEK. (Positive)

63Moons: Company approves ₹1,950 crore one-time settlement for NSEL investors. (Positive)

JSW Steel: The ED has restituted assets worth ₹4,025 crore of the erstwhile Bhushan Steel and Power Limited to JSW Steel following approval from the Supreme Court (Positive)

Vedanta: Stock to remain in focus ahead of board meet for fourth interim dividend (Neutral)

Aeroflex: Company’s board approves raising up to Rs 400 crore via QIP (Neutral)

JK Paper: Board approves merger of 3 arms to consolidate presence. (Neutral)

Waaree Energies: Waaree Power acquires 55% stake in Ewaa Renewable. (Neutral)

Reliance Industries: Company acquires 74% stake in Navi Mumbai IIA Private for ₹1,628 crore (Neutral)

PNB: India Ratings affirmed Punjab National Bank's (PNB) long-term issuer rating at IND AAA/Stable. (Neutral)

Zee Learn Ltd: Company appointed Mr. Mayank Jain as Chief Operating Officer (COO), effective December 13, 2024. (Neutral)

Bank of Baroda: Bank has announced a board meeting on December 18, 2024, to discuss raising long-term bonds to fund infrastructure and affordable housing projects. (Neutral)

Stocks Picker Articles

13 Dec 2024 04:27

*Corporate Actions*

*Dividend*

*13-Dec-24*
CEENIK: Final Dividend - Rs. - 1.00

*17-Dec-24*
STYRENIX: Interim Dividend

*IPO*
Vishal Mega Mart: Open: 11-Dec-24; Close: 13-Dec-24
Sai Life Sciences: Open: 11-Dec-24; Close: 13-Dec-24
One Mobikwik Systems: Open: 11-Dec-24; Close: 13-Dec-24
Inventurus Knowledge Solutions: Open: 12-Dec-24; Close: 16-Dec-24
International Gemmological Institute: Open: 13-Dec-24; Close: 17-Dec-24

*Buyback*
---

*Bonus*
Sky Gold: Bonus Issue 9:1; Ex-Date: 16-Dec-24
Rajeshwari Cans: Bonus Issue 1:1; Ex-Date: 19-Dec-24
Bharat Seats: Bonus Issue 1:1; Ex-Date: 20-Dec-24

*Stock Split*
Exxaro Tiles: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 13-Dec-24
PC Jeweller: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Dec-24
Shish Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24

*Right Issue*
Scanpoint Geomatics: Open: 05-Dec-24; Close: 13-Dec-24
Pradhin: Open: 25-Nov-24; Close: 16-Dec-24
UPL: Open: 05-Dec-24; Close: 17-Dec-24
NHC Foods: Open: 05-Dec-24; Close: 18-Dec-24
Gujarat Natural Resources: Open: 12-Dec-24; Close: 20-Dec-24
Viceroy Hotels: Open: 12-Dec-24; Close: 24-Dec-24
Enbee Trade & Finance: Open: 10-Dec-24; Close: 30-Dec-24
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25

*Open Offer*
Astec Lifesciences: Open: 12-Dec-24; Close: 26-Dec-24

Stocks Picker Articles

13 Dec 2024 03:41

*Fund Houses Recommendations*


Jefferies on *IOC:* Upgrade to Buy on Company, raise target price at Rs 185/Sh (Positive)

UBS on *HAL:* Received order for Su-30MKI aircraft with order value of Rs 135bn and 62.6% indigenization, target price at Rs 5700/Sh (Positive)

Jefferies on *Cement:* Dealers confirmed price hikes of Rs 8/12 per bag for Dec/Jan (3% MoM), Demand growth has moderately improved (Positive)

Jefferies on *Reliance Retail:* Has built massive scale and formidable play in retail space (Positive)

Morgan Stanley on Markets: Ongoing bull market has overtaken 2003-08 Bull Run in terms of length. Prefer *Financials, Consumer, tech and Industrials* (Positive)

Citi on *CPI data:* November CPI data likely to encourage market to increase odds for February rate cut (Positive)

Morgan Stanley on *CPI data:* Trend in high frequency indicators indicate sequential decline in vegetable prices (Positive)

HSBC on *CPI data:* Inflation softer, but more disinflation needed (Neutral)

Goldman Sachs on *CPI data:* 5.5% YoY vs. GSE: 5.6% YoY, Bloomberg consensus: 5.5% YoY, October 2024: 6.2% YoY (Neutral)

Goldman Sachs on *Pharma Exports:* CDRMO have mixed export trends. Prefer Neuland and Syngene* (Neutral)

Jefferies on India *CDMO players:* Bio Secure Act likely to expire and comeback under new administration uncertain (Neutral)

Citi on *Infosys:* Maintain Neutral on Company, target price at Rs 1965/Sh (Neutral)

UBS on *Axis Bank:* Maintain Neutral on Bank, cut target price at Rs 1210/Sh (Neutral)

UBS on *AU Bank:* Maintain Neutral on Bank, cut target price at Rs 640/Sh (Negative)

UBS on *Indusind Bank:* Maintain Neutral on Bank, cut target price at Rs 1150/Sh (Negative)

Stocks Picker Articles

12 Dec 2024 04:23

Forthcoming Event

12th December: Optiemus Infracom, NACL Industries, NHPC to consider Fund Raising

13th December: Garnet International, Greenhitech Ventures, Sudarshan Chemical Industries to consider Fund Raising

14th December: Aeroflex Industries, Commercial Syn Bags, Iris Clothings, Moksh Ornaments, Shrenik to consider Fund Raising

16th December: VEDL to consider Dividend; Thinkink Picturez to consider Dividend & Bonus issue; Alexander Stamps And Coin to consider Fund Raising; T T Limited to consider Stock Split

18th December: Steel Exchange India to consider Fund Raising

20th December: Ksolves India to consider Stock Split

23rd December: Paisalo Digital to consider Fund Raising

Stocks Picker Articles

12 Dec 2024 03:59

*Fund Houses Recommendations*


Macquarie on *Larsen:* Maintain Outperform on Company, target price at Rs 4210/Sh (Positive)

Macquarie on *Delhivery:* Maintain Outperform on Company, target price at Rs 460/Sh (Positive)

Kotak on *Brainbees:* Initiate Add on Company, target price at Rs 630/Sh (Positive)

Axis on *Indian Hotels:* Initiate Buy on Company, target price at Rs 976/Sh (Positive)

Axis on *Chalet Hotels:* Initiate Buy on Company, target price at Rs 1191/Sh (Positive)

Axis on *Juniper:* Initiate Buy on Company, target price at Rs 442/Sh (Positive)

Axis on *Lemon Tree:* Initiate Buy on Company, target price at Rs 153/Sh (Positive)

Emkay on *Ceat:* Maintain Buy on Company, target price at Rs 4000/Sh (Positive)

Morgan Stanley On Steel: See green shoots for spreads expansion in 2025. Maintain overweight on *JSPL and JSW Steel* (Positive)

Jefferies on Midcap: Key plays are *Havells, Finolex Cables and Polycab* (Positive)

Macquarie on India Consumer & Lifestyle: *Titan* remains preferred pick, followed by *ITC and Marico* (Positive)

JP Morgan-Cement Channel Checks: North-Prices have not increased due to lack of demand (Neutral)

GS on *Concor:* Maintain Sell on Company, target price at Rs 710/Sh (Neutral)

Stocks Picker Articles

12 Dec 2024 03:48

Neuland Labs: Block deal 3.8% equity worth Rs 747 Cr, Floor price at Rs 15428/Sh. (Neutral)

Adani Ports: Company achieves record-breaking milestones at Dhamra Port, Odisha. (Neutral)

IRFC: Company received a ₹230.55 crore GST demand order from the Assistant Commissioner (ST), Chennai. (Negative)

Gopal Snacks: Company reported a significant fire incident at its Rajkot production unit (Negative)

Stocks Picker Articles

11 Dec 2024 04:37

Forthcoming Event

11th December: STEELCITY to consider Dividend; Arunjyoti Bio Ventures to consider Stock Split; Brooks Laboratories, Continental Securities, Faalcon Concepts, Kothari Industrial Corporation, PC Jeweller, Paisalo Digital, Sammaan Capital, Veranda Learning Solutions to consider Fund Raising

12th December: Optiemus Infracom, NACL Industries, NHPC to consider Fund Raising

13th December: Garnet International, Greenhitech Ventures, Sudarshan Chemical Industries to consider Fund Raising

16th December: Thinkink Picturez to consider Dividend & Bonus issue; Alexander Stamps And Coin to consider Fund Raising

Stocks Picker Articles

11 Dec 2024 03:46

Stock in Action

Waaree Energies : Company has a robust history of two decades in the solar industry. Currently the company has a manufacturing facility in Chikhli, Gujarat. This facility has one of the largest concentration of solar PV module manufacturing in India. Additionally it also has a US factory under construction, which is expected to begin production soon. Current order book stands at 20 gigawatts, with a diversified customer base including exports, large customers, and retail. Currently orderbook is divided into 27.5% domestic and 72.5% overseas, indicating a strong international presence.Retail segment is currently at 23% of overall business, with significant growth potential. The company posted robust results in Q2 FY25 with revenue at Rs 3,663 cr (up 2.95% YoY). EBITDA at Rs 613 cr (up 14% YoY), with a margin of 16.76%. PAT stood at Rs 376 cr (up 17.5% YoY). Company is expected to benefit positively from the diversification of supply chain away from china. Additionally India's target of 500 gigawat renewable energy, translating to 50-60 gigawat annualy is also a major driver of growth for the company. During H1 FY25 production reached 3.3 gigawatts, compared to 4.8 gigawatts for the entire previous financial year. Anticipated production from the new 5.4 gigawatt cell facility is expected to start in December 2024, with plans for full ramp-up by March 2025. Company is also evaluating U.S. capacity expansion with 3.4 GW of modules and 5 GW of cells. Management is very optimistic about solar energy's multi-decadal growth potential. Positive on Waaree energies given the strong fundamentals and performance of the company.

Metropolis Health care : The Company is one of the leading diagnostics companies in India. It has widespread presence across 220 cities in India with leadership position in West and South India. Through its widespread operational network, it offers a comprehensive range of clinical laboratory tests and profiles, which are used for prediction, early detection, diagnostic screening, confirmation and/or monitoring of the disease. It also offers analytical and support services to clinical research organizations for their clinical research projects. Metropolis, in Q2 FY25, saw its revenues grow by 13.4% YoY to Rs 349.8 cr, with a 21% growth in B2C revenues and a 13% growth in B2B revenues. EBITDA increased by 22%, with margins expanding by 190 basis points to 26.2%. Patient volumes grew 7%(YoY), and test volumes were up 8%(YoY). Profit After Tax (PAT) rose by 31%(YoY) to Rs 46.7 cr, indicating the company's efficiency in operations and expanding market presence. Company has recently acquired a 100% stake in Core Diagnostics, a Delhi-NCR-based cancer diagnostics company. This acquisition significantly enhances its already growing strength in advanced oncology testing. It is expected to increase the oncology revenue contribution to top line from 4% to 10%, expanding its super-specialised test portfolio to 41%. The deal also provided Metropolis with a stronger presence in North and East India, together with access to Core's excellent network of 1,600 oncologists and 6,000 specialty prescribers. With the demand for cancer testing expected to grow at a 17.5% CAGR this acquisition has provided Metropolis with capacities to address critical healthcare needs. Additionally, the integration offers significant revenue and EBITDA growth potential, along with cross-selling opportunities and operational synergies to enhance patient care and market presence. Positive on Metropolis Health Care given the strong fundamentals and performance of the company.

Stocks Picker Articles

11 Dec 2024 03:45

*Stocks in News*

*Tata consumer/ CCL Products:* Global coffee prices at 47-year high, up 83% YoY on supply shortage from Brazil. (Positive)

*Indian Overseas Bank:* Receives order of refund of ₹1,359.29 crores from Income Tax Department for AY 2015-16. (Positive)

*NTPC Green Energy:* Company bags order to set up energy storage system of 250 MW/1000 MWh from SECI. (Positive)

*Dr Morepen:* Company forays into wellness segment with weight management initiative. (Positive)

*LTimindtree:* Company and Github forge strategic alliance to accelerate AI-driven software engineering. (Positive)

*Hinduja Global:* Company unit HGS CX technologies to merge five U.S subsidiaries for streamlined operations. (Positive)

*HG Infra engineering:* Company gets LOA from ministry of road transport and highways, estimated bid project cost at Rs 8.99 billion (Positive)

*Cement Stocks:* Cement companies across India are mulling a price hike: CNNC (Positive)

*Orient Tradelink:* Company expands into regional languages, translating 65+ books into Tamil and Telugu. (Positive)

*Saakshi Medtech:* Company bags order worth Rs 250 crore from M&M for supply of EV panels. (Positive)

*Asian Granito:* Company formed a joint venture, Klyn AGL Ltd., in the UK with Shudh Investments Ltd. and Klyn Stone Ltd. (Positive)

*UPL:* ICICI Pru bought 5.25 lac shares at 178.84, Promoters have also been buying in open market. (Positive)

*Vipul Ltd:* Company board approved a rights issue of up to Rs 49.75 crore (Neutral)

*Shriram Pistons:* Company announced its wholly-owned subsidiary, SPR Engenious Ltd, will acquire 100% of TGPEL Precision Engineering Ltd for ₹2,200 Mn enterprise value. (Neutral)

*Asian paints:* LIC increased its stake in Company from 5.001% to 7.010%, stake buy at an AVG price of 2891.25 rupees/share (Neutral)

*Biocon/Syngene:* Company sells 8 million equity shares of Syngene international through block deal. (Neutral)

*Party Cruisers:* Company board approved an investment in Glint Design Pvt. Ltd. (Neutral)

*Palco Metals:* Company increases its stake in subsidiary Palco Recycle Industries Ltd. from 64.72% to 74.21%. (Neutral)

*P M Telelinnks:* Pratik Rajendrakumar Koralwala resigned as Company Secretary and Compliance Officer (Neutral)

*Karnataka Bank:* Bank launched its first Retail Assets Centre (RAC) in Bengaluru to streamline retail loan services. (Neutral)

*Senco Gold:* Rs 500 cr QIP opens, Floor Price Rs 1139.49 (Neutral)

*Ujjivan Small Finance Bank:* Gets RBI Approval for re-appointment of Banavar Anantharamaiah Prabhakar as part-time Chairman for 3 Years (Neutral)

*Awfis:* Bisque, Link Investment Trust & Peak XV Partners Investment likely to sell 12.2% stake in Awfis Space Solutions via block deals (Neutral)

*Ashiana Housing:* Company reported a search conducted by the Directorate General of GST Intelligence (Neutral)

*Adani Ports:* Company withdraws request for financing Colombo West International Terminal project from the DFC. (Neutral)

*Reliance Ind:* NCLT approves plan submitted by RIL's arm RSBVL for resolution of Karkinos Healthcare. (Neutral)

Stocks Picker Articles

10 Dec 2024 03:54

Forthcoming Event

10th December: SACHEMT to consider Dividend; Adinath Exim Resources, Akme Fintrade (India), Balgopal Commercial, Candour Techtex, Cineline India, Mega Corporation, Rama Steel Tubes, Shriram Asset Management Company, Vipul to consider Fund Raising; Indraprastha Gas to consider Bonus issue; Ascensive Educare to consider Stock Split

11th December: STEELCITY to consider Dividend; Arunjyoti Bio Ventures to consider Stock Split; Brooks Laboratories, Continental Securities, Faalcon Concepts, Kothari Industrial Corporation, PC Jeweller, Paisalo Digital, Sammaan Capital, Veranda Learning Solutions to consider Fund Raising

12th December: Optiemus Infracom to consider Fund Raising

13th December: Garnet International, Greenhitech Ventures to consider Fund Raising

16th December: Thinkink Picturez to consider Dividend & Bonus issue; Alexander Stamps And Coin to consider Fund Raising