Stocks Picker Articles

24 Dec 2024 06:34

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Stocks Picker Articles

24 Dec 2024 04:26

Forthcoming Event

24th December: Capital India Finance to consider Stock Split; Knowledge Marine & Engineering Works to consider Stock Split & Fund Raising; LEEL Electricals to consider Reduction of Capital; MSP Steel & Power, Panjon, Sarda Proteins, Sharanam Infraproject and Trading, Syschem (India), Yash Trading & Finance to consider Fund Raising

25th December: Lorenzini Apparels to consider Bonus issue

26th December: Redtape to consider Dividend & Bonus issue; Scan Projects, SKF India to consider Scheme of Arrangement

27th December: IOL Chemicals and Pharmaceuticals to consider Stock Split; Kothari Products to consider Bonus issue; Avro India, Astron Paper & Board Mill to consider Fund Raising

31st December: IDBI Bank to consider Fund Raising

07th January: Jindal Worldwide to consider Bonus issue

13th January: HCLTECH to consider Dividend

15th January: Oasis Securities to consider Stock Split & Fund Raising

Stocks Picker Articles

24 Dec 2024 03:48

*Fund Houses Recommendations*


Elara on *HAL:* Maintain Buy on Company, target price at Rs 5465/Sh (Positive)

Elara on *BEL:* Maintain Buy on Company, target price at Rs 345/Sh (Positive)

Phillip on *BEL:* Maintain Buy on Company, target price at Rs 340/Sh (Positive)

Nuvama on *Real Estate Sector:* Top picks among real estate developers: *Prestige* and *Brigade*. (Positive)

Nuvama on *Defense stocks:* Top picks among sector: *BEL* and *Data Patterns*. (Positive)

Jefferies on *Telecom:* Impact of tariff hike normalizes. *Bharti and Reliance Jio* continue to gain market share (Positive)

Jefferies on *Aviation stocks:* India's domestic air pax growth jumped to 12% YoY in Nov-24 (Positive)

Elara on *BDL:* Downgrade to Accumulate on Company, raise target price at Rs 1300/Sh (Neutral)

Elara on *GR Shipbuilders:* Maintain Accumulate on Company, target price at Rs 1660/Sh (Neutral)

MS on *SBI Cards:* Maintain Equal weight on Company, target price at Rs 650/Sh (Neutral)

Phillip on *Solar Ind:* Maintain Neutral on Company, target price at Rs 12000/Sh (Neutral)

Phillip on *BDL:* Maintain Neutral on Company, target price at Rs 1400/Sh (Neutral)

Stocks Picker Articles

24 Dec 2024 03:48

*Stocks in News*


*Oberoi Realty:* Company said it has executed a development agreement for an 81.05-acre land parcel in Alibaug, Maharashtra (Positive)

*Whirlpool:* Company and *PG Electroplast* join hands to contract manufacture select Whirlpool Branded Semi-Automatic Washing Machines. (Positive)

*Websol Energy:* Company will add 600 MW cell production capacity at its Falta plant. (Positive)

*HG Infra:* Arm HG Banaskantha Bess signs battery energy storage purchase agreement with NTPC Vidyut Vyapar Nigam for procurement of 185 MW/ 370 MWH on long term basis (Positive)

*Bansal Wire:* Company launched its new Product in the name of Hose Wire (Brass Coated Hose Reinforcement Wire) (Positive)

*Greaves:* Greaves Electric Mobility files DRHP with SEBI, NSE & BSE for IPO. (Positive)

*Crompton Greaves Consumer:* Company launched a new high-speed induction product named High speed Festo on December 23, 2024 (Positive)

*Aurionpro Solutions:* Company expands into Europe with €10 million acquisition of Fenixys (Positive)

*Vraj Iron:* Company has received consent to operate for expansion project of Sponge kon and Power Plant located at Village Dighora, Chhattisgarh (Positive)

*MIC Electronics:* Competent Authority approves capacity cum capability assessment for GPS location based Public Address & Passenger Information System and LED Destination Boards in AC & Non-AC ICF & LHB Coaches. (Positive)

*Yatharth Hospital:* Noida Extension, is the first in Uttar Pradesh to earn JCI accreditation, signifying world-class healthcare standards. (Positive)

*Alankit Ltd:* Company settled a dispute with Protean eGov Technologies Ltd. for ₹38.06 Cr. (Positive)

*IndiGo:* November Market Share At 63.6% Vs 63.3% (MoM) (Positive)

*Royal Orchid:* Launch of Regenta Evolife Dome City for Mahakumbh 2025. (Positive)

*ASTERDM:* Dr. Nalanda Jayadev has been appointed as a Senior Management Personnel of the Company in the capacity as Chief Executive Officer (Neutral)

*HCG:* Block deal likely worth Rs 1000 Cr (15% of equity) (Neutral)

*Indian Bank:* Central Bank Of Sri Lanka (Financial Intelligence Unit) imposes penalty of Sri Lankan Rupees (LKR) 2 million on the bank (Neutral)

*NAVA:* Company approved stock split of 1 equity share into 2 shares, with corresponding amendments to the MOA and AOA. (Neutral)

*Kirloskar Bros:* Mr Ravish Mittal resigned as CFO from 23rd Dec 2024. (Neutral)

*Power and Instrumentation Ltd:* Company will increase its shareholding in Peaton Electricals Company Ltd from 15% to 60%. (Neutral)

*Aimico Pesticides:* Company has decided to invest AUD 10,000 in Aimco KREPL Australia PTY LTD, the Company shall become the Wholly Owned Subsidiary of the Company. Neutral)

*Mahindra & Mahindra Financial Services:* Company Board Meeting on Jan 28 to Consider Q3 Results. (Neutral)

*Macrotech Developers:* Company allotted ₹300 Cr in secured NCDs. (Neutral)

*TVS Motor:* Company completes acquisition of 39.11% stake in DriveX (Neutral)

*Dr Reddy:* Board meeting will be held on Thursday, January 23 to consider and approve the Unaudited Financial Results of the Company. Dr. Reddy's Laboratories Expands with New Subsidiary in Finland (Neutral)

*Bharat Forge:* Company to infuse $64.50 m in arm Bharat Forge America Inc. (Neutral)

*Muthoot Capital:* Company announced the resignation of three key members from its board of directors, effective December 23, 202 (Neutral)

*Zaggle Prepaid:* Company approves allotment of 1.1 crore shares aggregating to Rs 594.8 crore via QIP. (Neutral)

*Muthoot Microfin:* Thomas Muthoot, MD of company hands over reins of Muthoot Pappachan Group to son Thomas Muthoot John. (Neutral)

*MMTC:* Company said it received warning letters from the NSE and the BSE on December 20, 2024. (Negative)

Stocks Picker Articles

23 Dec 2024 04:37

Forthcoming Event

23rd December: Paisalo Digital, IIFL Finance, Gabriel Pet Straps to consider Fund Raising; Coastal Corporation to consider Stock Split; Rudra Ecovation to consider Amalgamation

24th December: Capital India Finance to consider Stock Split; Knowledge Marine & Engineering Works to consider Stock Split & Fund Raising; LEEL Electricals to consider Reduction of Capital; MSP Steel & Power, Panjon, Sarda Proteins, Sharanam Infraproject and Trading, Syschem (India), Yash Trading & Finance to consider Fund Raising

25th December: Lorenzini Apparels to consider Bonus issue

26th December: Redtape to consider Dividend & Bonus issue; Scan Projects, SKF India to consider Scheme of Arrangement

27th December: IOL Chemicals and Pharmaceuticals to consider Stock Split; Kothari Products to consider Bonus issue

31st December: IDBI Bank to consider Fund Raising

07th January: Jindal Worldwide to consider Bonus issue

13th January: HCLTECH to consider Dividend

15th January: Oasis Securities to consider Stock Split & Fund Raising

Stocks Picker Articles

23 Dec 2024 03:44

*Fund Houses Recommendations*


Investec on *Greenply:* Maintain Buy on Company, target price at Rs 420/Sh (Positive)

DAM on *JSW Infra:* Initiate Buy on Company, target price at Rs 400/Sh (Positive)

Emkay on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 2100/Sh (Positive)

Investec on *Bajaj Auto:* Maintain Buy on Company, target price at Rs 13550/Sh (Positive)

Elara on *Indigo:* Upgrade to Buy on Company, target price at Rs 5309/Sh (Positive)

Investec on *Metals:* DGTR has initiated a safeguard investigation on appeal from the India Steel Association Appeal. *Tata Steel and JSW Steel* would be beneficiary if it implemented (Positive)

MS on MPC Minutes: Easing likely in Feb policy-shallow easing cycle of 50bps, underlying tone has favored prudence and caution (Neutral)

Nuvama on *Aviation stocks:* maintains hold call on IndiGo and SpiceJet, citing near-term weakness, promoter-selling overhang, and market share shifts (Neutral)

Avendus on CG Power:* Maintain Sell on Company, target price at Rs 514/Sh (Neutral)

UBS on *Siemens:* Maintain Neutral on Company, target price at Rs 8000/Sh (Neutral)

Axis on *Siemens:* Maintain Add on Company, cut target price at Rs 7278/Sh (Negative)

Nuvama on *Siemens:* Downgrade to Hold on Company, cut target price at Rs 7000/Sh (Negative)

Stocks Picker Articles

23 Dec 2024 03:43

*Stocks in News*


*United Drilling Tools:* Company has received a new order worth Rs 552 MN from ONGC Ltd. (Positive)

*NTPC Green Energy:* Inks MoU with Department of Industries, Govt. of Bihar for renewable energy projects (Positive)

*Aurobindo Pharma:* Company subsidiary gets approval for oncology biosimilar Bevqolva from UK’s MHRA (Positive)

*Redtape:* Company board meet on 26 Dec to consider bonus and dividend. (Positive)

*Greenlam Industries:* Greenfield Particle Board Project at Naidupeta to Start Production in January. (Positive)

*TeamLease:* Company acquires TSR Darashaw, a payroll processing firm, and a stake in Crystal HR, an HR Tech solutions provider. (Positive)

*Steel Stocks:* DGTR initiates safeguard probe on imports of non-alloy and alloy steel flat products. (Positive)

*Fortis Healthcare:* Company acquires 7.61% stake in Agilus Diagnostics for ₹429.37 crore. (Positive)

*SRM Contractors:* Company received a new project with quoted amount Rs 1.06 billion (Positive)

*India Cements:* Competition Commission of India approves Company’s acquisition by UltraTech Cement (Positive)

*Interarch Building Products:* Company achieved 50 percent growth in North India for FY 25-26, with Uttar Pradesh driving the expansion. (Positive)

*Larsen & Toubro:* Ministry of Defence has signed a contract with Company for procurement of Artillery Guns for the Indian Army at a total cost of Rs 7,628.70 crore. (Positive)

*Mazagon:* 'Nilgiri’ first stealth frigate of p17a class ship and ‘Surat’ fourth stealth destroyer of P15B class delivered to the Indian navy. (Positive)

*Stanley Life:* Company opened a new hybrid showroom in Aluva, Kerala. (Positive)

*Cupid:* Company receives UNFPA orders worth Rs 182 million (Positive)

*R System:* Company has agreed to sell its land and building at Plot No. C-1 and C-40, Sector 59, NOIDA for Rs 50.5 Cr (Positive)

*Accel India*: Company has secured $ 650 million for its eighth fund, while its global growth fund has raised $1.35 billion. (Positive)

*GMM Pfaudler:* Pfaudler GmbH, a GMM Pfaudler subsidiary, to acquire a 51% stake in a Polish firm to set up an engineering and manufacturing facility. (Positive)

*Sudarshan chem:* Sudarshan Europe B.V., Wholly Owned Subsidiary of the Company, has acquired three entities incorporated in Germany. (Positive)

*HIL/Ramco:* GST council clarified AAC block manufactured by fly ash to attract 12% GST, not 18% (Positive)

*Vakrangee:* Company board approved the issuance of 35 cr convertible warrants via preferential allotment to 11 non-promoter investors, raising Rs 980 cr (Positive)

*Suven Pharmaceuticals:* Company acquires 56% stake in NJ Bio for Rs 533 crore (Positive)

*SKF India:* Board meeting on Dec 26 to consider and approve the demerger between the SKF India Limited and SKF India (Industrial) Limited (Positive)

*Sterling and Wilson:* SWREL secures Rs. 1,200 crore order for solar project. (Positive)

*JBM Auto:* JBM Ecolife awarded contracts for 343 electric buses. (Positive)

*IFCI:* Government to infuse ₹500 crore in IFCI to improve its financial health (Positive)

*NIIT Learning/ Teamlease/ CL Educate:* Approved training partners of NSDC to be exempted from GST (Positive)

*ITC/VST/Godfrey:* GST council not discussed 35 percent GST regime for Tobacco companies (Positive)

*Sun Ph/ Biocon/ Zydus Life:* GST on Gene therapy which is critical and lifesaving is fully exempted (Positive)

*Goyal Salt:* Company announce the launch of its newest product, “Goyal Black Salt”, marking a significant addition to the company’s product portfolio. (Positive)

*Saksoft:* Company acquires ZeTechno to enhance digital transformation services. (Positive)

*Vedanta:* S&P Group upgrades Vedanta Parent Co. Vedanta Resources to 'B'; outlook stable. Vedanta to not consider demerger of one of its units (Neutral)

*Kiran Vyapar:* Company completed the acquisition of 100% equity shareholding in Peepul Tree Capital Pte. Ltd. (Neutral)

Stocks Picker Articles

20 Dec 2024 04:17

*Corporate Actions*

International Gemmological Institute is set to make stock market debut today, December 20. The issue price is fixed at Rs. 417 per share.

Dhanlaxmi Bank has approved a rights issue of equity shares worth up to Rs 297.54 crore and has fixed the rights issue price at Rs 21 per share. The issue will open on January 8, 2025, and close on January 28, 2025.

KPI Green Energy announces January 3 as the record date for its proposed bonus issue in a 1:2 ratio.

*Dividend*

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

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

*IPO*
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
Senores Pharmaceuticals: Open: 20-Dec-24; Close: 24-Dec-24
Carraro India: Open: 20-Dec-24; Close: 24-Dec-24
Unimech Aerospace and Manufacturing: Open: 23-Dec-24; Close: 26-Dec-24

*Buyback*
---

*Bonus*
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*
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*
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

20 Dec 2024 03:51

*Fund Houses Recommendations*


MOSL on *Anant Raj:* Initiate Buy on Company, target price at Rs 1100/Sh (Positive)

Jefferies on *Sagility:* Initiate Buy on Company, target price at Rs 52/Sh (Positive)

CLSA says incremental oil demand for 2025 may match non-OPEC production growth. OMCs’ margins suggest a strong Q3 for *IOC, BPCL, and HPCL*. Continues to prefer *ONGC* (Positive)

Nomura on *Indian IT:* Expects revenue growth for covered large-caps in Indian IT sector to improve in FY26. (Positive)

Jefferies on *Indian IT:* Accenture's strong Q1 revenue and net hiring are positive. Our top picks are: Positive signals for *Coforge, TCS, Wipro, and LTIMindtree* (Positive)

Nuvama on *Indian IT:* Continued to remain positive on IT sector, argument to upgrade Indian IT sector (Positive)

Citi on *Indian IT:* Accenture's guidance assumes bottom of deterioration of discretionary spending. Our top picks are: *Infosys and HCL Tech* (Positive)

CLSA on *Auto Sector:* E-2W sales picking up after subsidy cuts, led by affordable model launches (Positive)

Jefferies on *Auto Sector:* EV penetration in 2Ws has stagnated in 4-7% range for last two years (Neutral)

Nuvama on *SRF:* Maintain Buy on Company, target price at Rs 2628/Sh (Neutral)

Stocks Picker Articles

19 Dec 2024 04:36

Forthcoming Event

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, Restaurant Brands Asia, Muthoot Capital Services to consider Fund Raising

21st December: Vakrangee, Suyog Telematics, Thomas Scott (India), United Polyfab Gujarat to consider Fund Raising

23rd December: Paisalo Digital, IIFL Finance to consider Fund Raising; Coastal Corporation to consider Stock Split

27th December: IOL Chemicals and Pharmaceuticals to consider Stock Split;

07th January: Jindal Worldwide to consider Bonus issue

Stocks Picker Articles

19 Dec 2024 04:14

*Stocks in Action*
*Piramal pharma* :The company is a leading pharmaceutical company with global operations, providing end-to-end pharma services to customers and a portfolio of differentiated products across a domestic and global distribution network. The company operates under three business verticals - Piramal Pharma Solutions, an integrated contract development and manufacturing organization(CDMO), Piramal Critical Care, a complex hospital generics(CHG) business and India consumer healthcare(ICH) business, selling well-known OTC brands. The company reported a robust performance in Q2FY25 with a staggering 17% YoY increase in revenue to Rs 2,242 cr, a notable EBITDA margin increase of 100 bp to 15%, driven by growth in the CDMO segment and the consumer healthcare sector. PAT grew by 200% YoY to 120 cr, with PAT margins at 9%. Going ahead the company has given a conservative guidance of early teen revenue and EBITDA growth due to potential currency fluctuations, one-off costs, and a variable product mix in upcoming quarters. Currently the company is working on specialised product offerings(like Neoatricon) and partnerships aimed at improving dosing for infants to reduce errors. The company is also focusing on market access strategies for these new products. Additionally the expansion of the Lexington facility is also expected to have a positive impact on the company. The company has committed to achieve renenue and EBITDA margins of $1.2 Bn & 25% in CDMO business, US$600 Mn & 25%+ in CHG verticle, and US$200 Mn with double digit margins in the ICH vertical, by FY2030. *Positive on Piramal Pharma given the strong fundamentals and performance of the company.*

*United Spirits* : The company is the largest alco beverage Company in India and is also among the largest consumer goods companies. The Company is involved in the manufacture, sale and distribution of alcohol. It has a comprehensive brand portfolio with over about 80 brands of Scotch whisky, IMFL whisky, brandy, rum, vodka and gin. 8 of these brands sell more than a million cases annually. The company gave a Resilient performance in Q2FY25. Despite a marginal decline in the topline , the company's EBITDA increased by 7.9%(YoY) to Rs 500 cr, aided by improved productivity and marketing investments in anticipation of the festive season.PAT stood flat at Rs 341 cr. The gross profit showed positive trends, leading to a strong margin performance at EBITDA level. Management has also indicated towards expectations of a rebound in growth driven by market recovery, particularly in Andhra Pradesh market , and enhancing brand differentiation in competitive categories. Going forward the company aims for double-digit growth in the premium segment for the FY25, bolstered by strategic innovations and the re-entry into the Andhra Pradesh market. The company is also enhancing its brand visibility through various initiatives like partnerships with the Taj Group, the launch of Good CraftCoFlavor lab, and engaging in marketing campaigns like the Dubai Mega sweepstakes for Royal Challenge. *Positive on United spirits given the strong fundamentals and performance of the company*

Stocks Picker Articles

19 Dec 2024 04:12

*Dharmaj Crop:* Company approved the incorporation of a wholly-owned subsidiaryfor Agro Chemical business (Neutral)

*ITC:* Company acquired additional shares in EIH Ltd & HLV Ltd from its subsidiary, Russell Credit Ltd. (Neutral)

*Tata Communications:* Company issued ₹250 crores in Commercial Paper (CP). (Neutral)

*Allcargo Gati:* Total volume, including surface & Air Express at 102kt down 12.8% MoM & up 2% YoY. (Neutral)

*DOMS:* Italian stationery maker FILA cuts stake in listed Indian unit DOMS. (Neutral)

*Yatharth Hospital:* Company opens QIP, sets floor price at ₹626.18/sh. (Neutral)

*IPCA Labs:* Promoter Usha M Chandurkar sells 1.6% stake (40 lk shares) in the company for ₹601 cr at an avg price of ₹1,501.52/sh. (Neutral)

*Zaggle Prepaid:* Opens QIP, Sets Floor Price At ₹550.73/Sh (Neutral)

*Gujarat Toolroom:* To Open QIP On December 19, Sets Floor Price At ₹13.98/Sh (Neutral)

*Asian Paints:* Vishu Goel resigns as Associate Vice President, Retail Sales, Commercial & Marketing of the company. Shyam Swamy resigns as Vice President, Home Improvement, Décor, Services & Retailing of the company (Negative)

Stocks Picker Articles

18 Dec 2024 04:44

*Forthcoming Event*

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, Restaurant Brands Asia, Muthoot Capital Services to consider Fund Raising

21st December: Vakrangee, Suyog Telematics to consider Fund Raising

23rd December: Paisalo Digital to consider Fund Raising

07th January: Jindal Worldwide to consider Bonus issue

Stocks Picker Articles

18 Dec 2024 03:53

*Stocks in action*

*Chambal Fertilizers & chemicals* : The Company is presently engaged in two business segments, Fertilisers and other Agri-inputs and Shipping. The Company manufactures Urea in its three plants located at Gadepan, District Kota & Rajasthan with an aggregate annual production capacity of around 3.4 million Metric Tons (MT). It markets other fertilisers and agri-inputs such as Di-Ammonium Phosphate (DAP), Muriate of Potash (MOP), Ammonium Phosphate Sulphate (APS), different grades of NPK fertilisers, Specialty Plant Nutrients, Sulphur, Micronutrients and Agrochemicals. The company has put up a healthy performance in Q2 FY 25 with 20% growth(YoY) in EBITDA to Rs 834 cr and 34%(YoY) PAT growth to Rs 500 cr. Similar growth trends were observed in half yearly results. Urea manufacturing plants ran at high efficiency with production of 9.34 lakh MT and sales of 9.65 lakh MT, supported by sizeable subsidies of Rs 4,713 cr from the government. The Crop Protection Chemicals (CPC) business growth was by 18% YoY driven by new & innovative fungicides launches, and enhanced speciality plant nutrition portfolio. The company is planning to enter the hybrid and fertilizer seeds market by 2025 and has initiated a "Farmer Connect" program aimed at engaging with farmers through demonstrations and soil testing. Additionally the expected price hikes in DAP from Rs 1,350 per bag to Rs 1550-1590 per bag, which is expected to be effective from 1 January 2025,should also have a positive impact on the company. *Positive on Chambal Fertilizers & Chemicals given the strong fundamentals and performance of the company.*

*Texmaco Rail & Engineering Ltd* : The Company manufactures a diverse range of products viz. Railway Freight Cars, Hydro-mechanical Equipment & Industrial Structural's, Loco Components and Loco Shells, Steel Girders for Railway Bridges, Steel Castings, and Pressure Vessels, etc. along with EPC contracts for Execution of Railway Track, Signaling & Telecommunication Projects, Rail Electrification & Automatic Fare Collection etc. on turnkey basis. The Company has strengthen its position as a Total Rail Solution Provider Company. The company reported strong results in Q2FY25 with revenue of Rs 1,346 cr(up 67% YoY), EBITDA of Rs 149 crs( up 77% YoY), EBITDA margin stood at 11% and PAT stood at Rs 74 cr(up 196% YoY). The company delivered 2,927 freight car units and produced 11,156 metric tons of components in the quarter. The strategic acquisition of Jindal Rail (now Texmaco West Rail) is a huge strength for Texmaco as it would add synergies, improve efficiency, and bring the company on the path to expansion into the global market. Currently the order book for the Company stands at Rs 8,200 cr.The company is optimistic about maintaining or increasing its production run rate and expects to enhance its international presence while leveraging synergies from the Jindal acquisition. Texmaco is also restructuring its underutilised assets and considering revenue-generation opportunities from land holdings while remaining focused on its core rail solutions business. Going forward the company plans to maintain a flexible production capacity without significant capital expenditure and is optimistic about improved profit margins, driven by a shift towards higher-margin private sector contracts and increased export activities. Additionally the company has also received an order for construction of 09 No.132KV transmission lines on turnkey basis from Chhattisgarh State Power Transmission Co. Lt .Total size of the order is Rs 187.41 crores approx. *Positive on Texmaco Rail & Engineering Ltd given the strong fundamentals and performance of the company.*

Stocks Picker Articles

18 Dec 2024 03:52

*Muthoot Capital:* To consider issuance of non-convertible debentures on private placement basis on December 20, 2024 (Neutral)

*Swiggy/Zomato:* Ola has started 10 min food delivery in Bengaluru- called Ola Dash. (Neutral)

*Shriram Finance:* Company is in advanced talks for a multicurrency, multitranche social loan of about $1.25b-Bloomberg. (Neutral)

*Adani Energy:* Company incorporates arm Adani Energy Solutions Step-Eleven for transmission, distribution and supply of power. (Neutral)

*Va Tech Wabag:* Tender for Saudi Arabia’s 300 MLD mega SeaWater Desalination Plant won by the comoany stands cancelled. (Negative)

Stocks Picker Articles

24 Dec 2024 04:26

Corporate Actions

Coastal Corporation has approved to sub-division/split of each equity share of face value of Rs.10/- each, into 5 Equity Shares of Rs.2/- each, subject to the approval of the shareholders.

Nava approved a stock split, dividing each equity share of Rs 2 face value into two shares of Rs 1 face value, with corresponding amendments to the Memorandum and Articles of Association.

Dividend

24-Dec-24
VEDL: Interim Dividend - Rs. – 8.50
DIGIFIBRE: Income Distribution (InvIT)

26-Dec-24
ISCITRUST: Income Distribution (InvIT)

03-Jan-25
REDTAPE: Interim Dividend


IPO
Ventive Hospitality: Open: 20-Dec-24; Close: 24-Dec-24
Senores Pharmaceuticals: Open: 20-Dec-24; Close: 24-Dec-24
Carraro India: Open: 20-Dec-24; Close: 24-Dec-24
Unimech Aerospace and Manufacturing: Open: 23-Dec-24; Close: 26-Dec-24

Buyback
---

Bonus
Aayush Wellness: Bonus Issue 1:2; Ex-Date: 26-Dec-24
Evans Electric: Bonus Issue 1:1; Ex-Date: 26-Dec-24
Bharat Global Developers: Bonus Issue 8:10; Ex-Date: 26-Dec-24
NMDC: Bonus Issue 2:1; Ex-Date: 27-Dec-24
Hardwyn India: Bonus Issue 2:5; Ex-Date: 27-Dec-24
KPI Green Energy: Bonus Issue 1:2; Ex-Date: 03-Jan-25

Stock Split
Bharat Global Developers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 26-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24
Getalong Enterprise: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-Jan-25
Kamdhenu: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25

Right Issue
Anupam Finserv: Ex-Date: 27-Dec-24
Dhanlaxmi Bank: Ex-Date: 27-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
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24

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

Spin Off
ITC: Ex-Date: 06-Jan-25

Stocks Picker Articles

24 Dec 2024 03:49

Stocks in Action

Ashoka Buildcon : The Company is engaged in the business of construction of infrastructure facilities on Engineering, Procurement and Construction Basis (EPC) and Built, Operate and Transfer (BOT) Basis and Sale of Ready Mix Concrete. The company reported a strong performance in Q2 FY25, with consolidated revenue growing by 16%(YoY) to Rs 2,489 cr. EBITDA grew by 65% YoY to Rs 905 cr, PAT grew by 288% YoY to Rs 462 cr. There was a rise in debt to Rs 2,200 cr due to working capital needs. The company plans to divest five subsidiaries for an enterprise value of Rs 5,718 cr. Additionally, the company successfully monetized the land in Pune for Rs 453 cr and completed a HAM project for NH-161. Ashoka Buildcon secured three letters of acceptance worth Rs 1,737.86 cr from MMRDA, among other contracts. The order book as of September 30, 2024, totals Rs 15,424 cr, with substantial contributions from road projects and power transmission. Management anticipates a revenue growth target of 10% for FY25. There is keen interest in new projects to achieve double-digit margins by FY '26, alongside ongoing asset sales to improve cash flow and reduce liabilities. Positive on Ashoka Buildcon given the strong fundamentals and performance of the company .

Caplin Point Laboratories : The Company is a fully integrated Pharma Company and is presently into the business of pharmaceuticals like producing, developing and marketing wide range of generic formulations and branded products and exporting to overseas market. It has over 4000+ products registrations across the globe with over 650+ pharmaceutical formulations & over 36 therapeutic sections. Caplin Point reported a strong performance for the quarter ended Q2FY25 with revenue coming at Rs 483 cr(up 17.1% YoY), EBITDA came at Rs 165 cr(up 20% YoY), PAT came at Rs 131 cr(up 12% YoY) .The Caplin Steriles segment showed strong operating revenues, underpinned by strategic investments in R&D despite some increases in operating expenses due to salary increments and project expenses. The company is focusing on long-term sustainability and scalability with initiatives like developing niche oncology products, peptide formulations for obesity/diabetes, with partnerships for insulin production and biosimilars in China. Caplin Point aims to bolster its business in Latin America with innovative products and is transforming its U.S. operations from a B2B to a B2C model, targeting underserved hospitals and smaller healthcare facilities. Going forward the management is focusing on sustainable growth, using internal accruals for project funding, maintaining sufficient liquidity, and targeting a $100 million revenue goal by FY 27 or FY 28.Positive on Caplin Pontgiven the strong fundamentals and performance of the company.

Stocks Picker Articles

24 Dec 2024 03:48

*Goodyear India:* Company's Ballabgarh plant temporarily closed Dec 23-30, 2024, for maintenance and demand adjustment. (Negative)

*Ramky Infrastructure:* Company received a warning letter from the NSE for non-compliance with SEBI LODR regulations. (Negative)

Stocks Picker Articles

23 Dec 2024 04:37

Corporate Actions

Dividend

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

24-Dec-24
VEDL: Interim Dividend - Rs. – 8.50
DIGIFIBRE: Income Distribution (InvIT)

26-Dec-24
ISCITRUST: Income Distribution (InvIT)

03-Jan-25
REDTAPE: Interim Dividend


IPO
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
Senores Pharmaceuticals: Open: 20-Dec-24; Close: 24-Dec-24
Carraro India: Open: 20-Dec-24; Close: 24-Dec-24
Unimech Aerospace and Manufacturing: Open: 23-Dec-24; Close: 26-Dec-24

Buyback
---

Bonus
Aayush Wellness: Bonus Issue 1:2; Ex-Date: 26-Dec-24
Evans Electric: Bonus Issue 1:1; Ex-Date: 26-Dec-24
Bharat Global Developers: Bonus Issue 8:10; Ex-Date: 26-Dec-24
NMDC: Bonus Issue 2:1; Ex-Date: 27-Dec-24
Hardwyn India: Bonus Issue 2:5; Ex-Date: 27-Dec-24
KPI Green Energy: Bonus Issue 1:2; Ex-Date: 03-Jan-25

Stock Split
Bharat Global Developers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 26-Dec-24
Mazagon Dock Shipbuilders: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 27-Dec-24
Getalong Enterprise: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-Jan-25
Kamdhenu: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25

Right Issue
Anupam Finserv: Ex-Date: 27-Dec-24
Dhanlaxmi Bank: Ex-Date: 27-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
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24

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

Spin Off
ITC: Ex-Date: 06-Jan-25

Stocks Picker Articles

23 Dec 2024 03:45

*Stocks in Action*

*Amber Enterprises* : The Company is a market leader in Room Air Conditioner (RAC) original equipment manufacturer (OEM)/original design manufacturer (ODM) industry in India. The Company is engaged in the business of manufacturing of consumer durable products. It design and manufacture wide range of products which includes RAC, RAC & Non-RAC components & HVAC solutions for mobility applications. The company reported good financial performance in Q2FY25, with revenue growth of 82%(YoY), reaching Rs 1,685 cr, EBITDA rising by 85%(YoY) to Rs 120 cr and profit after tax turning positive at Rs 21 cr, compared to a previous loss. The Consumer Durable segment experienced a 95%(YoY) growth in revenue, driven largely by demand in the air conditioning market and improved customer relationships. The Electronics division also nearly doubled its revenue. Key initiatives in this quarter include the start of a new manufacturing plant in Tamil Nadu and a joint venture with Korea Circuit aimed at advancing HDI and semiconductor substrate manufacturing and strengthening Amber’s PCB capabilities. Going forward Amber Group anticipates significant growth in the electronics market, with India’s consumption projected to reach $300 billion by FY 2030, driven by import substitution and government support for local production. The company aims for continued revenue growth of 25% next year, alongside improving return on capital employed to around 15%. *Positive on Amber Enterprises given the strong fundamentals and performance of the company.*

*Alembic Pharmaceuticals* : Alembic Pharmaceuticals manufactures and markets generic pharmaceutical products all over the world. The company's state of the art research and manufacturing facilities are approved by regulatory authorities of many developed countries including the US FDA. The company is one of the leaders in branded generics in India. In Q2 FY25, the company reported healthy results with revenue of Rs 1,648 cr (+3% YoY), EBITDA of Rs 257 cr (+18%YoY), and a net profit of Rs 153 cr (+12%YoY). The U.S. segment was under some pricing pressure in this quarter, however it witnessed strong volume growth of 25%(YoY) .Going into H2FY25 , the company expects to boost its market share on the back of new product launches to the tune of 10, following a successful FDA inspection. The company has committed 8% of its sales to R&D, with planned R&D spending between Rs 500-550 cr, primarily focused on formulations and upcoming peptide products. The company has filed one ANDA and received nine approvals & launched 8 products in the U.S. during the quarter . The API segment experienced a 15% decline due to pricing erosion and competitive losses. The company aims to regain this market share while managing operating expenses and maintaining a high gross margin of around 74%. Additionally the company has received a final Approval for Divalproex Sodium Delayed Release Capsules USP, 125 mg from the US FDA. *Positive on Alembic Pharmaceuticals given the strong fundamentals and performance of the company.*

Stocks Picker Articles

23 Dec 2024 03:44

*Indian Oil Corp:* Company Board approved Cr 4382.21 Cr yarn Project Investment, JV with MCPI Pvt. (Neutral)

*Manbro Industries:* Company appointed Mr. Sajan Jain as its Company Secretary, effective December 20, 2024. (Neutral)

*Uflex:* Company further acquires 8.26% stake in Amplus Phoenix Energy for Rs 5.43 Cr. (Neutral)

*Concord Control:* Company CFO Mayank Modi, Resigned on 20th Dec, 2024. (Neutral)

*Urja Global:* Company received a Care BB-; Stable issuer rating from CARE Ratings Limited on Dec 20, 2024. (Neutral)

*IDBI Bank:* Board meeting on Dec 31 to consider long term rupee bond borrowings up to Rs 100 billion from Domestic market for FY 2024-25 and FY 2025-26. (Neutral)

*AGI Greenpac:* Company to raise up to Rs 1,500 crore via preferential issue, QIP & other modes (Neutral)

*BPCL:* Company Buys Its First Argentinian Crude Oil Cargo, For Feb Arrival (Neutral)

*Reliance Ind:* Arm Reliance Digital Health enters into agreements to acquire 45% stake in US-based Health Alliance Group for $10 million. (Neutral)

*NHPC:* Company to invest Rs 5,500 cr in Bihar for Solar Energy and Green Hydrogen Projects. (Neutral)

*Piramal Enterprises:* Company board approves raising funds up to Rs 2,000 crore via QIPs in one or more tranches (Neutral)

*Adani Power:* Company is considering Rs 20,000 crore investment in a Bihar ultra-supercritical thermal power plant, potentially creating 13,500 jobs. (Neutral)

*AU Small Finance Bank:* Company gets RBI nod to reappoint Harun Rasid Khan as 'part-time' Chairman (Neutral)

*Muthoot Microfin:* Thomas Muthoot, MD of company hands over reins of Muthoot Pappachan Group to son Thomas Muthoot John. (Neutral)

*Axis Bank:* Company is introducing changes to its credit card fees, effective December 20, 2024 (Neutral)

*Hyundai Motor:* Company's board has approved and recommended the reappointment of Unsoo Kim as Managing Director. (Neutral)

*Kalpataru:* Company will consider prepayment of NCDs issued by the company on a private placement basis on December 24. (Neutral)

*Tata Steel:* Dutch regulators have threatened Tata Steel Netherlands with substantial fines and potential closure of a coke plant in IJmuiden. (Neutral)

*Zuari:* Company has issued a Letter of Comfort to ICICI Bank Limited in respect of the working capital term loan facilities aggregating to Rs. 300 million (Neutral)

*Refex:* Ministry of Corporate Affairs has approved the incorporation of wholly owned subsidiary of the Company in the name of, Venwind Refex Power Limited (Neutral)

*Canara Bank:* Canara Bank Tanzania Limited, a wholly owned subsidiary of Canara Bank has transferred its assets and liabilities to Exim Bank Tanzania Limited (Neutral)

*Rattan India:* Increase investment in Neorise Technologies from AED 1M to AED 5M. (Neutral)

*Insurance stocks:* GST Council defers decision on any tax change in insurance premiums including life & health (Neutral)

*Zomato/Swiggy:* GST matter on food delivery apps deferred (Neutral)

*Banco Products:* Fixes 30 Dec as record date for bonus issue (Neutral)

*PVR Inox:* GST Council recommends 5% GST on ready to eat popcorn mixed with salt & spices if not pre-packaged, 12% on pre-packaged and labelled, 18% on caramel popcorn (Neutral)

*Aviation stocks:* States not comfortable on bringing ATF under purview of GST (Neutral)

*Coforge:* Company completed the acquisition of a 54% stake in Cigniti technologies limited for rs 1,415 per share, expanding its IT services portfolio and global presence (Neutral)

*Cartrade:* 18% GST imposed on margin value of 2nd hand car sale (Negative)

*Orient Paper:* Company announced that Mr. Ashwin J. Laddha resigned as Managing Director & CEO, effective December 20, 2024. (Negative)

*Marico/ Bajaj Consumer:* Union Cabinet hikes milling Copra MSP to ₹11,582/Quintal. (Negative)

*Reliance Infra:* Company received an arbitral award, ruling in favor of Aravali Power Company Private Limited (APCPL) in an EPC contract dispute. (Negative)

Stocks Picker Articles

20 Dec 2024 04:17

*Forthcoming Event*

20th December: Ksolves India to consider Stock Split; Ind Renewable Energy, Restaurant Brands Asia, Muthoot Capital Services to consider Fund Raising

21st December: Vakrangee, Suyog Telematics, Thomas Scott (India), United Polyfab Gujarat to consider Fund Raising

23rd December: Paisalo Digital, IIFL Finance to consider Fund Raising; Coastal Corporation to consider Stock Split

24th December: Knowledge Marine & Engineering Works to consider Stock Split;

27th December: IOL Chemicals and Pharmaceuticals to consider Stock Split;

07th January: Jindal Worldwide to consider Bonus issue

Stocks Picker Articles

20 Dec 2024 03:51

*Stocks in Action*

*Hindalco Industries*: The company is the world's largest aluminium rolling and recycling company, a major copper player, and one of Asia's largest producers of primary aluminium. In India, Hindalco's aluminium manufacturing units cover the complete value chain. Hindalco's copper division in India comprises, among other facilities, a world-class custom copper smelter and captive jetty with capability to manufacture copper rods.The is one of the largest suppliers of copper to the Indian Railways and meets more than half of the country's copper requirements. In Q2FY25 the company reported a topline growth of 7.4% to Rs 58,203 cr , EBITDA rose by 24% (YoY) to Rs 8,564 cr and PAT grew by 78% (YoY) to Rs 3,909 cr. These results were driven by notable performance in the aluminium segment and an all-time high quarterly EBITDA in the copper business. Hindalco plans substantial capital expenditures of $4 billion to $5 billion over the next 3 to 3.5 years, focusing on alumina and copper smelter expansions. It expects double-digit IRR from these investments.These projects would leverage renewable energy for competitive operating costs. On a global scale there is an expectation of significant rise in aluminium prices due to supply chain disruptions. Aluminium is expected to go into supply deficit in 2025 due to a combination of Geo-political factors like production cuts by Russia, civil unrest in Mozambique & China’s withdrawal of 13% tax rebate to Aluminium exporters.These events can lead to further strengthening in the EBITDA and EBITDA margin. *Positive on Hindalco Industries given the strong fundamentals and performance of the company.*

*Newgen Software Technologies* : It is a software products Company offering Enterprise Content Management (ECM), Business Process Management (BPM) and Customer Communication Management (CCM) platform that enables organisations to rapidly develop powerful applications addressing their strategic business needs. The Company provides low-code and flexible platform that helps in rapidly building powerful applications for organisations to resolve complex business problems and reinvent their work places. Newgen Software Technology reported a strong Q2FY25 with 23% YoY revenue growth , leading to a topline of Rs 361 crores, driven notably by a 53% growth in the APAC region and strong performance in the banking and financial services sector. EBITDA grew by 46% (YoY) to reach Rs 72 cr, PAT grew by 50% to reach Rs 66 cr. The company is actively pursuing opportunities in the insurance and government sectors, with the aim to increase their revenue contribution from less than 30% to around 40% through tailored solutions and new clients. The company emphasises strongly on ongoing innovation with product enhancements and the integration of AI solutions across various industries, particularly in lending and healthcare. This would help the company to streamline processes and enhance customer engagement. The management remains optimistic about future growth driven by strategic partnerships, new product developments, and overall improvements in market penetration across key sectors. *Positive on Newgen Software Technologies given the strong fundamentals and performance of the company.*

Stocks Picker Articles

20 Dec 2024 03:51

*Stocks in News*


*GE Vernova:* Company gets order worth Rs 400 Cr from Sterlite Grid 32. (Positive)

*Bharti Airtel:* Company prepays Rs 3,626 crores to clear 2016 spectrum liabilities (Positive)

*Datamatics:* Company inaugurates new delivery centre in Cebu, Philippines. (Positive)

*JSW Infrastructure:* Company’s subsidiary, PNP Maritime Services, received a credit rating upgrade from CARE A- to CARE AA-; Stable outlook. (Positive)

*Zydus Life:* Company gets approval from USFDA for Lidocaine and Prilocaine cream: Agencies (Positive)

*Sugar Stocks:* Ethanol production increased to 850 cr ltr for FY 2024-25, helps to achieve govt 18% blending target. (Positive)

*KPI Green Energy:* Company signs MoU with Rajasthan Government for development of hybrid, solar & wind power projects at Jaisalmer. Company announces January 3 as record date. (Positive)

*Exide Ind:* Hyundai Motor partners with Exide for locally produced EV battery cells (Positive)

*Amara Raja: Hyundai Motor India to equip its domestic product line-up with AMARON’s absorbent glass mat (AGM) battery technology. (Positive)

*JK Cement:* Company emerges successful bidder for Mahan Coal Mine in Madhya Pradesh. (Positive)

*Dhanlaxmi Bank:* Board approves rights issue worth up to ₹297.54 cr, sets rights issue price at ₹21/sh. (Positive)

*Aviation stocks:* GST Council likely to discuss possibility of bringing ATF under GST regime: CNBC. (Positive)

*Waaree Energies:* Commencement of Trial Production of 1.6 GW Solar Module. (Positive)

*Deep Industries:* Company received an order worth 62 Crores from Selan Exploration Technology Limited. (Positive)

*Infosys:* Achieves Binding Corporate Rules Certification from EU Data Protection Authorities (Positive)

*GHL:* Company will acquire 23% stake in HKR Roadways Limited from Kotak Special Situations Fund (Neutral)

*EPL:* Company announced the Board's approval to incorporate a subsidiary in Thailand (Neutral)

*Indo Amines Ltd:* Company completed the amalgamation with Pious Engineering Private Limited. (Neutral)

*Hyundai Motor:* Company re-appoints Unsoo Kim as managing director of the company for three consecutive year w.e.f. January 25, 2025. (Neutral)

*Info Edge:* Company through its subsidiary Redstart, will invest approx. Rs 3 Cr in Sploot Private Limited. (Neutral)

*Styrenix Performance:* Company’s credit rating reaffirmed by CARE Ratings as Care A+ (Neutral)

*GPIL:* Company announced the acquisition of Jammu Pigments Limited, a metals recycling company.. (Neutral)

*Kellton Tech Solution:* Company board approved fundraising of up to Rs 100 Cr (Neutral)

*Thomas Cook:* Company announces the reimagined Sterling Palavelli Godavari by Sterling Holiday Resorts. (Neutral)

*Arvind Limited:* Company invested ₹24.99 Cr in its wholly-owned subsidiary, Arvind Advanced Materials Limited. (Neutral)

*HCC:* Board approves opening of QIP, sets floor price at ₹45.27/sh. (Neutral)

*Exide Ind:* Hyundai Motor partners with Exide for locally produced EV battery cells (Neutral)

*IndiGo:* Board approves $43 million loan for aircraft acquisition by subsidiary. (Neutral)

*AU Small Finance Bank:* Company gets RBI nod to reappoint Harun Rasid Khan as 'part-time' Chairman (Neutral)

*Muthoot Microfin:* Thomas Muthoot, MD of company hands over reins of Muthoot Pappachan Group to son Thomas Muthoot John. (Neutral)

*Axis Bank:* Company is introducing changes to its credit card fees, effective December 20, 2024 (Neutral)

*Hyundai Motor:* Company's board has approved and recommended the reappointment of Unsoo Kim as Managing Director. (Neutral)

*Kalpataru:* Company will consider prepayment of NCDs issued by the company on a private placement basis on December 24. (Neutral)

Stocks Picker Articles

19 Dec 2024 04:35

Corporate Actions

Inventurus Knowledge Solutions is set to make stock market debut today, December 19. The issue price is fixed at Rs. 1329 per share.

Dividend

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
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
Senores Pharmaceuticals: Open: 20-Dec-24; Close: 24-Dec-24
Carraro India: Open: 20-Dec-24; Close: 24-Dec-24
Unimech Aerospace and Manufacturing: Open: 23-Dec-24; Close: 26-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
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
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

19 Dec 2024 04:13

*Fund Houses Recommendations*


Nomura on *Dr Reddy:* Upgrade to Buy on Company, target price at Rs 1500/Sh (Positive)

MOSL on *MTAR Tech:* Maintain Buy on Company, target price at Rs 2100/Sh (Positive)

JP Morgan on *Swiggy:* Initiate Overweight on Company, target price at Rs 730/Sh (Positive)

Nuvama expects *Vedanta and NMDC* to face the biggest impact of potential tax on iron ore in Karnataka. *JSW Steel* indirectly affected on higher price (Negative)

Stocks Picker Articles

19 Dec 2024 04:12

*Stocks in News*


*Gandhar Oil:* USFDA issues establishment inspection report for Tajola-based manufacturing facility. (Positive)

*Brigade Enterprises:* Company launches net-zero residential development brigade citrine. (Positive)

*IOL Chemicals:* Company to consider sub-division/split of existing equity shares on December 27. (Positive)

*Route Mobile:* Company expects improved operating efficiency after Proximus Group integration. (Positive)

*Narayana Health:* Company to raise prices to counter rising costs. (Positive)

*VIP Industries:* Company gets favourable tax order from Maharashtra government, contingent liability as on March 31, 2024 at Rs 358 crore (Positive)

*EIEL:* Net profit at Rs 36.3 cr versus Rs 12.1 cr, Revenues at Rs 213 cr versus Rs 119 cr. (Positive)

*Gulshan Poly:* Goalpara-based 250 KLPD plant gets PLI of ₹2/Litre of bio-ethanol for three years from Assam Government. (Positive)

*Graphite/HEG:* US graphite firms seek 920% duty to thwart China on EV material. (Positive)

*JSW Infrastructure:* Subsidiary, JSW Tuticorin Multipurpose Terminal, secured a ₹500 Cr term loan. (Positive)

*Lupin:* Company gets approval from U.S. FDA for ANDA for Emtricitabine and Tenofovir Alafenamide Tablets. (Positive)

*Sanghvi Movers:* Company has incorporated a wholly-owned subsidiary, Sanghvi Movers Middle East Limited, in Saudi Arabia. (Positive)

*Presstonic Engineering:* Company Wins Order Worth Rs 8.72 Cr. (Positive)

*Morepen Laboratories:* Company secured a Rs. 99 Cr working capital facility from Kotak Mahindra Bank. (Positive)

*Afcom Holdings:* Company signed an agreement with Taylor Logistics (TTK Group) to cover capacity and new destinations for its dry lease aircraft operations. (Positive)

*Route Mobile:* Company appoints Gautam Badalia as CEO of the company. (Positive)

*Nitco:* Company received a ₹105 crore order from Prestige group (Positive)

*ABB:* Company to acquire power electronics business of Gamesa Electric (Positive)

*FDC:* Company said it has received final approval from the USFDA for its Abbreviated New Drug Application for Cefixime 400 mg Tablets (Positive)

*Vakrangee:* Company partnered with Canara Bank as a Corporate Business Correspondent (CBC). (Positive)

*Borosil Renewables:* Board approves expansion of company’s production capacity by 500 tonnes per day with an estimated cost of ₹675 cr. Withdraws proposed right issue of shares worth Rs 450 crore (Neutral)

*SBIN:* Rama Mohan Rao Amara Takes Charge as SBI Managing Director (Neutral)

*IRCON:* Company appoints Alin Roy Choudhury as Chief Financial Officer of the company w.e.f. January 1, 2025 (Neutral)

*Indowind Energy:* Board approves a fresh rights issue of up to ₹50 cr for expansion requirements. (Neutral)

*Swelect Energy:* Company to raise up to ₹138.5 cr in one or more tranches via NCDs. (Neutral)

*Godrej Consumer Products:* Company ranked among the top 3 global FMCG companies for sustainability in the Dow Jones Sustainability Index 2024. (Neutral)

*TARC:* Reaffirms commitment to transparency amid regulator review (Neutral)

*Infosys:* Company inaugurates new state-of-the-art development center in Kolkata. (Neutral)

*Bank Baroda:* Board approved raising of long term bonds for financing of infrastructure and affordable housing aggregating to total size upto Rs. 10,000 crore (Neutral)

*Wipro:* Company Has Incorporated Capco Consulting Middle East Fze As A Step-down Subsidiary In Dubai. (Neutral)

*IRCON:* Company appoints Alin Roy Choudhary as new CFO. (Neutral)

*Glenmark Pharmaceuticals:* Company acquired a 34% stake in O2 Renewable Energy XXIV Private Limited. (Neutral)

*Deepak Fertilisers:* Company announced the reappointment of Mr. Jayesh Hirji Shah as an Independent Director for a 5-year term (Neutral)

*Continental Petroleums:* Company appointed Mr. Navneet Khandelwal as CEO on Dec 16, 2024. (Neutral)

Stocks Picker Articles

18 Dec 2024 04:44

*Corporate Actions*

Vishal Mega Mart is set to make stock market debut today, December 18. The issue price is fixed at Rs. 78 per share.

One Mobikwik Systems is set to make stock market debut today, December 18. The issue price is fixed at Rs. 279 per share.

Sai Life Sciences is set to make stock market debut today, December 18. The issue price is fixed at Rs. 549 per share.

*Dividend*

*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*
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*
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*
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

18 Dec 2024 03:53

*Fund Houses Recommendations*


Citi on *LIC Housing:* Maintain Buy on Company, target price at Rs 851/Sh (Positive)

Antique on *AB Real:* Maintain Buy on Company, target price at Rs 3804/Sh (Positive)

Antique on *Oberoi Realty:* Maintain Buy on Company, target price at Rs 2688/Sh (Positive)

Nuvama on *Coromandel:* Upgrade to Buy on Company, target price at Rs 2347/Sh (Positive)

MOSL on *CIE India:* Maintain Buy on Company, target price at Rs 575/Sh (Positive)

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

Citi on *NBFCs:* Our top picks are: *HDFC Life and SBI Life* within lifers. *Go Digit* is positioned well within non-lifers, and *PB Fintech* is preferred alternate play on insurance (Positive)

Antique on Real Estate: Except *Godrej Properties*, Lodha other players had muted H1 sales (Positive)

Nuvama on Paints: Slower growth expected for *Asian Paints* in H2FY25, favoring *Berger Paints and Indigo* Paints as top picks (Neutral)

Citi on *M&M Fin:* Maintain Neutral on Company, target price at Rs 300/Sh (Neutral)

Emkay on *Hyundai:* Maintain Reduce on Company, target price at Rs 1750/Sh (Neutral)

Emkay on *M&M:* Maintain Reduce on Company, target price at Rs 2700/Sh (Neutral)

Emkay on *Maruti:* Maintain Add on Company, target price at Rs 12000/Sh (Neutral)

Emkay on *Tata Motors:* Maintain Add on Company, target price at Rs 1000/Sh (Neutral)

Geojit on *Vodafone Idea:* Maintain Hold on Company, target price at Rs 8.6/Sh (Neutral)

Nuvama on GDS: City Gas stocks have rebounded, but fundamentals remain weak; reiterates 'Reduce' on *IGL and MGL* (Negative)

Incred on *Chola Fin:* Downgrade to Hold on Company, cut target price at Rs 1300/Sh (Negative)

Stocks Picker Articles

18 Dec 2024 03:52

*Stocks in News*


*Granules:* Company’s generic ADHD drug gets U.S. FDA nod. (Positive)

*MTNL:* CARE Rating upgrades ratings of Bonds of Company. (Positive)

*JSW Energy:* South Korea’s LG Energy is in talks with India’s JSW Energy to manufacture batteries for electric vehicles and renewable energy storage in a joint venture that would need an investment of over $1.5 billion. (Positive)

*Minda Corporation:* Company announced a new 50/50 joint venture with HSIN Chong Machinery Works Co., Ltd called Minda-HCMF Technologies Private Limited. (Positive)

*Sonata Software:* Company launched IntellQA, a new AI-powered test acceleration platform. (Positive)

*Fermenta Biotech:* Company to Sell Its Commercial Office Premises at Worli, Mumbai, Deal For Rs 400 Million (Positive)

*Supriya Lifescience:* Company inaugurates state-of-the-art module e Producɵon block at lote Parshuram, Maharashtra. (Positive)

*Aditya Birla Real Estate:* Company’s subsidiary, Birla Estates, acquired a 70.92-acre land parcel in Boisar for Rs 104.3 Cr. (Positive)

*Cellecor Gadgets:* Company partners with Epack durable Pvt Ltd to strengthen air conditioner manufacturing. (Positive)

*Gulf Oil Lubricants:* Company extends exclusive partnership with Piaggio India by 8 years. (Positive)

*GIPCL:* Company says award of EPC contract for BOS package at Khavda for a 500 mw (AC) solar PV project at Khavda, located in the great Rann of Kutch, Gujarat. (Positive)

*LTIMindtree:* Company gets interim stay on tax order or ₹88 cr from High Court of Karnataka. (Positive)

*Jindal Saw:* Company to acquire 31.20% stake in Renew Green Energy. (Positive)

*Tourism stocks:* India leads global tourism surge with record spending and luxury travel trends. (Positive)

*Infosys:* Company collaborates with Google Cloud to boost enterprise AI innovation, establishes center of excellence. (Positive)

*HCC*: QIP Issue fully subscribed, strong demand seen amongst institutions. (Positive)

*Route Mobile:* Company appoints Gautam Badalia as CEO of the company. (Positive)

*Chennai Petro:* Government nominates Arvinder Singh Sahney as part- time Chairman of board of directors. (Positive)

*Ambuja Cement:* Announces merger with its subsidiaries - Sanghi and Penna Cement Industries (Positive)

*Glenmark Life:* MCA approves change of name of company to Alivus Life Sciences: Exchange Filing. (Neutral)

*Aurobindo Pharma:* U.S. FDA inspection closes with 2 observations at arm Apitoria Pharma (Neutral)

*Oil India:* Company appoints Shri Trailukya Borgohain as Director (Operations), effective December 17, 2024. (Neutral)

*Exide Industries:* Company invested Rs 99.99 Cr in its subsidiary, Exide Energy Solutions, maintaining its 100% shareholding. (Neutral)

*Elpro International:* Company Acquired Shares of Blue Jet Healthcare for Rs 75.4 Million. (Neutral)

*IIRM Holdings India:* Company approved a right issue of up to Rs 44 Cr in equity shares. (Neutral)

*Sun TV Network:* NCLT approved scheme of amalgamation of south Asia FM, JVS/associate Companies (Neutral)

*Brooks Laboratories:* Company approved a preferential issue of up to 33 lakh shares at Rs 141.5 share. (Neutral)

*Bartronics:* Kinex India Private Limited proposes to sell 2 cr equity shares representing 6.57% of the share capital of the Company through OFS (Neutral)

*SpiceJet plans:* Revival after raising Rs 3,000 cr QIP in September, as per sources. (Neutral)

*Piramal Enterprises:* Company to consider public issuance of NCDs on December 20. (Neutral)

*Aditya Birla Sun Life AMC:* Vikas Gautam resigns as CEO - International Business of the company w.e.f. December 31, 2024 (Neutral)

*Alembic Pharma:* Company issues corporate guarantee of $10 m in favour of HSBC Bank, Chile for Chile-based arm Alembic Pharmaceuticals SpA. (Neutral)

*Pondy Oxides:* Company opens QIP, sets floor price at ₹902.93/sh. (Neutral)