Stocks Picker Articles

02 Jan 2025 04:44

*Forthcoming Event*

02nd January: Balkrishna Paper Mills, Dollar Industries, TIL Ltd., Ugro Capital, Camlin Fine Sciences, Rudrabhishek Enterprises to consider Fund Raising

03rd January: Azad Engineering, Indowind Energy, Ajooni Biotech to consider Fund Raising

06th January: Palco Metals to consider Scheme of Arrangement

07th January: Jindal Worldwide to consider Bonus issue; Vantage Knowledge Academy to consider Dividend & Bonus issue; Shakti Pumps (India) to consider Fund Raising

08th January: Transformers And Rectifiers (India) to consider Bonus issue & Fund Raising

13th January: HCLTECH to consider Dividend

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

16th January: Julien Agro Infratech to consider Dividend & Fund Raising

Stocks Picker Articles

02 Jan 2025 03:46

Stocks in Action

Karur Vysya Bank : The Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. The bank posted a strong quarterly performance for the quarter ended Q2FY25, with Net Interest Income growing by 15.8% YoY to Rs 10,600 cr. Global Net Interest Margins stood at 4.11 %( up 4 bps YoY).Pre provisioning profit grew by 28% to Rs 8,162 cr, PAT stood at Rs Rs 4,736( up 25.1% YoY).The bank has been consistently growing its secured retail gold loan (7% QoQ) and LAP book (10% QoQ). Despite rising funding costs across the banking system, the bank has been able to maintain stable margins at in Q2FY25 owing to better portfolio mix toward high yielding retail book. There was improvement in GNPA ratio to 1.1%( from 1.73% Q2FY24 ) on the back of contained slippages, improved recoveries and higher write-offs. The bank has the lowest NNPA ratio(0.3%) amongst its peers . Specific PCR ratio improved QoQ to 75% from 71% in Q1. The bank continues to build prudent provisions to withstand any initial asset quality risks amid rising noise in the retail space. The restructured book contracted to 0.8% of loans vs 0.9% in Q1FY25, and the bank carries 40% provision on the book. Bank has also published impressive quarterly updates for Q3FY25 with total business rising by 14.92% YoY to Rs 181,997 cr .Deposits stood at Rs 99,155 cr, growing by 15.75% YoY. Advances reached to Rs 82,842 cr showing a YoY growth of 13.96%.CASA rose to Rs 28,167 cr , achieving a YoY growth of 4.28%. Going forward the bank expects the NIM to be at 4% for FY25. Positive on Karur Vysya Bank given the strong fundamentals and performance of the company.

Maruti Suzuki : The Company is an exporter and a market leader of Passenger Vehicles in India. The company posted a resilient result amidst a tough macro environment for the Quarter ended Q2FY25 with Topline coming at Rs 37,449 cr, EBITDA stood at Rs 4,999 cr, PAT came at Rs 5,141 cr. Management expects MSIL to achieve a 14% YoY growth in retail sales during the period from the beginning of Shraddha to the end of the festive season implying a total sales of 297,000 units this year in given period compared to 260,000 units in the corresponding period of the previous year. The retail sales in Q2FY25 was at 420,000 units, with Rural market outpacing urban areas, and SUVs continuing to lead over cars. There is also a growing preference for UVs in rural regions. MSIL is optimistic on achieving 3-4% growth in retail sales in FY25. Additionally the company has also posted good business update for the month ended December with total passenger car sales rising by 28% YoY to Rs 62,778 cr. Total domestic passenger vehicle sale increased by 24% YoY to 130,117. Total Domestic Sales including LCV (PV+LCV) rose by 24% YoY to 132,523.Exports rose by 39% to 37,419.Positive on Maruti Suzuki given the strong fundamentals and performance of the company.

Stocks Picker Articles

02 Jan 2025 03:45

*Stocks in News*


*Sandur Manganese:* Received approval for enhancement of Permissible Annual Production limit of iron ore from the present 3.81 MTPA to 4.36 MTPA. (Positive)

*VST Tillers:* December total sales advance 38.5%, at 3,372 units (Positive)

*RailTel:* Company has received the work order from Bharat Coking Coal Limited for Works amounting to Rs. 78.43 Cr. (Positive)

*Goa Carbon:* Operations at the Company’s Bilaspur unit has resumed (Positive)

*Mercury Ev-Tech:* Company has announced the acquisition of a significant stake in DC2 Mercury Cars Private Limited (Positive)

*VPRPL:* Company announced the receipt of a Letter of Intent for the Elevation works of academi blocks of fintech digital institute, Jodhpuer The project's total value is Rs 313.4 Million. (Positive)

*DCX Systems:* Company secures US $2.26 million purchase order from Elta Systems (Positive)

*Power stocks:* India's power consumption rises nearly 6% to 130.40 billion units in December as compared to the year-ago month. (Positive)

*Maruti:* December production at 157654 units, up 30 percent YoY (Positive)

*Gravita:* Company has started commercial production of Recycled Aluminum Alloys in Ghana (Positive)

*Coal India:* Coal Production Up 5.33% In December 2024 at 97.94 mt Vs 92.98 mt (YoY) (Positive)

*NTPC:* Power generation at 32,600 crore units at 3Q-end, grows 3.82% year-on-year. (Positive)

*Ambuja Cements:* Company gets observation letter with 'no adverse observations' from BSE & 'no objection' from NSE. (Positive)

*CSB Bank:* Company's total deposits as of December 31, 2024, stands at Rs 33,406 crore, growing 22.2% year-on-year. (Positive)

*Vodafone Idea:* Expected to launch 5G mobile broadband service in March with aggressively priced plans (Positive)

*South Indian Bank:* Gross advances jump 11.94% on a yearly basis to Rs 86,965 crore in October-December quarter. (Neutral)

*Indian Bank:* Shanti Lal Jain Ceases To Be MD & CEO of the Bank, Effective January 1, 2025, On Superannuation (Neutral)

*Rajesh Exports:* Company will subscribe to 25.5 million shares of its subsidiary, ACC Energy Storage Private Limited (Neutral)

*Hindustan Tin Works:* Company announced the resignation of Mr. Praveen Jain, Vice President. (Neutral)

*Tembo Global:* Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Jyoti Rawat, effective January 1, 2025. (Neutral)

*Emerald Tyre:* Company announced the resignation of its Company Secretary and Compliance Officer, CS Raja Devika Dhivya, effective January 19, 2025. (Neutral)

*Deepak Spinners:* Company announced the resignation of its Chief Financial Officer, Shri Punam Chand Sharma, and effective January 1st, 2025. (Neutral)

*Tata Motors:* Total Domestic Sales Up 1% at 76,599 Units Vs 76,138 Units (YoY) (Neutral)

*Suven Pharmaceuticals:* Company announces the effective merger of its wholly-owned subsidiary, Casper Pharma Private Limited, into the parent company as of January 1, 2025. (Neutral)

*Reliance Industries:* Maharashtra’s biggest industrial land parcel of over 5,286 acres has been sold to Reliance Industries at a valuation of just Rs 2,200 crore. (Neutral)

*NMDC:* Total production at 4.71MT in Dec-24 vs 4.48MT YoY. (Neutral)

*HDFC Life:* Company faces ₹270.58 crore GST demand, plans to appeal. (Negative)

*Ceramic Stocks:* Propane prices hiked by Rs 103 to Rs 609/ton in Morbi region (Negative)

Stocks Picker Articles

01 Jan 2025 14:45

Check out Probo, India’s Opinion-meter! You can earn from your opinions now!

Use my referral code to sign up and get bonus upto Rs 200.

Referral code: *j7juco*

Download Probo here: https://probo-in.onelink.me/1kre/wuxbhhtk

Stocks Picker Articles

01 Jan 2025 14:00

ESCORTS KUBOTA DEC SALES

TOTAL SALES DOWN 10.8 % TO 5,472 UNITS YOY

DOMESTIC SALES DOWN 12.5 % TO 5,016 UNITS YOY

EXPORT SALES UP 12.6 % TO 456 YOY

Stocks Picker Articles

01 Jan 2025 09:34

HYUNDAI MOTOR: DECEMBER TOTAL SALES 55,078 UNITS VS 56,450 UNITS (YOY); EST 55,400

DOMESTIC SALES DOWN 1.3 % TO 42,208 YOY

EXPORT SALES DOWN 6.1 % TO 12,870 YOY

HMIL registers domestic sales of 6,05,433 units in CY 2024, highest since inception

Achieves highest ever yearly domestic SUV contribution of 67.6%

Hyundai CRETA achieves highest ever yearly domestic sales of 1,86,919 Units

HMIL also achieves highest ever yearly CNG contribution of 13.1% to domestic sales, in CY 2024

Total monthly sales of 55,078 units in December 2024, including domestic sales of 42,208 units and export sales of 12,870 units

HMIL also exported 1,58,686 units in CY 2024, fortifying its position as an export hub for Hyundai globally

Stocks Picker Articles

01 Jan 2025 07:40

*Hyundai:* December sales at 55078 units versus estimates 55000 units (Numbers inline with estimates)

Stocks Picker Articles

01 Jan 2025 04:44

Forthcoming Event

02nd January: Balkrishna Paper Mills, Dollar Industries, TIL Ltd., Ugro Capital, Camlin Fine Sciences, Rudrabhishek Enterprises to consider Fund Raising

03rd January: Azad Engineering, Indowind Energy, Ajooni Biotech to consider Fund Raising

06th January: Palco Metals to consider Scheme of Arrangement

07th January: Jindal Worldwide to consider Bonus issue; Vantage Knowledge Academy to consider Dividend & Bonus issue; Shakti Pumps (India) to consider Fund Raising

08th January: Transformers And Rectifiers (India) to consider Bonus issue & Fund Raising

13th January: HCLTECH to consider Dividend

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

16th January: Julien Agro Infratech to consider Dividend & Fund Raising

Stocks Picker Articles

01 Jan 2025 04:04

*NCC:* CO WINS ORDER WORTH RS 349.7 CR (SUPPORTIVE FOR STOCK PRICES)

*Va Tech Wabag:* Company received order worth Rs 145 crore from Chennai Petroleum Corporation Limited (CPCL). (Supportive for stock prices)

Stocks Picker Articles

01 Jan 2025 03:40

Bulk Deal & Insider Trade Update

*Bulk Deals*
*Unimech Aerospace N Mfg L: Vq Fastercap Fund Buy 504000 Shares @ Rs. 1387.56
*Mos Utility Limited: Pine Oak Global Fund Buy 400000 Shares @ Rs. 270
*Ags Transact Tech Ltd: Neomile Growth Fund - Series I Buy 1473045 Shares @ Rs. 65
*Sera: Pine Oak Global Fund Buy 1000000 Shares @ Rs. 33.18

*Insider Trade*
*Acquisition*
* Sheela Foam Ltd: RAHUL GAUTAM, Promoter, Acquisition 12182 shares on 30-Dec-24
* Jindal Stainless Ltd.: JSL OVERSEAS HOLDING LIMITED, Promoter Group, Acquisition 16855 shares on 26-Dec-24
* Fairchem Organics Ltd: FIH Private Investments Ltd., Promoter Group, Acquisition 13500 shares on 30-Dec-24

*Disposal*
* Greenply Industries Ltd.: Manoj Tulsian, Director, Disposal 168212 shares on 30-Dec-24
* Natco Pharma Ltd.: Lakshminarayana Bolisetty, Director, Disposal 2000 shares on 30-Dec-24
* J.B.Chemicals & Pharmaceuticals Ltd.: Nikhil Chopra, Director, Disposal 5000 shares on 30-Dec-24
* Panacea Biotec Ltd.: Sandeep Jain, Promoter & Director, Disposal 10000 shares on 27-Dec-24
* Star Cement Ltd: Promoter Group, Disposal 15695303 shares

*Pledge*
* Gensol Engineering Ltd: Anmol Singh Jaggi, Promoter & Director, Pledge 550000 shares on 27-Dec-24
* Sakthi Sugars Ltd.: Promoter Group, Pledge 4200000 shares

*Revoke*
* Axiscades Technologies Ltd: Jupiter Capital Private Limited, Promoter, Revoke 600000 shares on 26-Dec-24
* J.B.Chemicals & Pharmaceuticals Ltd.: Nikhil Chopra, Director, Revoke 5000 shares on 30-Dec-24

Stocks Picker Articles

01 Jan 2025 03:38

*Auto Stocks:* Price hikes in Auto sector, Maruti 4%, Tata Motors 3%, M&M 3% and others. (Neutral)

*Thomas Cook:* Company disclosed a cyberattack targeting its IT infrastructure. (Neutral)

*Ease My Trip:* Nishant Pitti sells 1.41% stake of total 14.21% stake held in EasyTrip via block deal. (Negative)

Stocks Picker Articles

31 Dec 2024 14:24

Fund Flow Activity:
31 December 2024 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 83252.78 + 5263.18 Total: 88515.96
F&O Volume: 25261948.05 + 1035090.84 Total: 26297038.89

Provisional Cash

FII/FPI: NET SELL: -4645.22
(5950.15 - 10595.37)

DII: NET BUY: +4546.73
(13550.29 - 9003.56)

Stocks Picker Articles

31 Dec 2024 10:52

Stocks Held By Morgan Stanley Asia

1 🟪 RBL Bank Ltd
CMP: ₹ 157

2 🟩 Chavda Infra Ltd
CMP: ₹ 167

3 🟨 Fusion Finance Ltd
CMP: ₹ 172

4 🟧 Elin Electronics Ltd.
CMP: ₹ 199

5 🟥 Samhi Hotels Ltd
CMP: ₹ 199

Stocks Picker Articles

31 Dec 2024 10:39

Sources Says Domestic manufacturing may get a big boost in the budget

Changes possible in import duty on auto parts, telecom equipment

Changes possible in import duty on textiles, hardware - CNBC AWAAZ

Stocks Picker Articles

31 Dec 2024 10:27

TELCOM PLAYERS+ANCILLARY PLAYS

Department of Telecommunications released the Telecommunications (Right of Way) Rules, 2024, It

Will govern the construction, use, and maintenance of underground communications facilities on public property.

Price changes announcement may happen for teleco players as well in January

Stocks Picker Articles

02 Jan 2025 04:44

*Corporate Actions*

*Dividend*

*03-Jan-25*
REDTAPE: Interim Dividend – Rs. 2.00

*IPO*
Indo Farm Equipment: Open: 31-Dec-24; Close: 02-Jan-25
Standard Glass Lining Technology: Open: 06-Jan-25; Close: 08-Jan-25

*Buyback*
---

*Bonus*
KPI Green Energy: Bonus Issue 1:2; Ex-Date: 03-Jan-25
Garware Technical Fibres: Bonus Issue 4:1; Ex-Date: 03-Jan-25
Ceenik Exports (India): Bonus Issue 1:5; Ex-Date: 03-Jan-25
Padam Cotton Yarns: Bonus Issue 1:1; Ex-Date: 08-Jan-25

*Stock Split*
Getalong Enterprise: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-Jan-25
Inertia Steel: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 03-Jan-25
Julien Agro Infratech: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 08-Jan-25
Jagsonpal Pharma: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 08-Jan-25
Kamdhenu: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25
Shriram Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 10-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25

*Right Issue*
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

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

Stocks Picker Articles

02 Jan 2025 03:46

*Fund Houses Recommendations*


Citi on *Kotak Bank:* Upgrade to Buy on Bank, raise target price at Rs 2070/Sh (Positive)

Citi on *M&M:* Maintain Buy on Company, target price at Rs 3520/Sh (Positive)

Citi on *Maruti:* Maintain Buy on Company, target price at Rs 13500/Sh (Positive)

Jefferies on *HAL:* Maintain Buy on Company, target price at Rs 5400/Sh (Positive)

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

Jefferies on *Larsen:* Maintain Buy on Company, target price at Rs 4600/Sh (Positive)

Jefferies on *Siemens:* Maintain Buy on Company, target price at Rs 9555/Sh (Positive)

Investec on *Ambuja Cem:* Maintain Buy on Company, target price at Rs 950/Sh (Positive)

Investec on *JK Cem:* Maintain Buy on Company, target price at Rs 5260/Sh (Positive)

Investec on *Ultratech Cem:* Maintain Buy on Company, target price at Rs 12425/Sh (Positive)

JP Morgan on *Premier Energies:* Maintain Neutral on Company, target price at Rs 1148/Sh (Neutral)

MS on *Muthoot Fin:* Maintain Equal weight on Company, target price at Rs 1825/Sh (Neutral)

MS on *SBI Cards:* Maintain Equal weight on Company, target price at Rs 685/Sh (Neutral)

Investec on *NTPC:* Maintain Buy on Company, cut target price at Rs 421/Sh (Positive)

Citi on *Bajaj Auto:* Maintain Sell on Company, target price at Rs 7800/Sh (Positive)

Citi on *Coforge:* Maintain Sell on Company, raise target price at Rs 7790/Sh from Rs 6720/Sh (Neutral)

Citi on *LTIM:* Maintain Sell on Company, raise target price at Rs 5460/Sh from Rs 5710/Sh (Neutral)

Citi on *HCL Tech:* Maintain Sell on Company, raise target price at Rs 1915/Sh from Rs 1815/Sh (Neutral)

Citi on *Persistent:* Maintain Sell on Company, raise target price at Rs 4840/Sh from Rs 4220/Sh (Neutral)

Citi on *Wipro:* Maintain Sell on Company, raise target price at Rs 280/Sh from Rs 250/Sh (Neutral)

Citi on *TCS:* Maintain Sell on Company, raise target price at Rs 3950/Sh from Rs 3935/Sh (Neutral)

Citi on *Infosys:* Maintain Neutral on Company, raise target price at Rs 2035/Sh from Rs 1965/Sh (Neutral)

Citi on *MPhasis:* Maintain Sell on Company, cut target price at Rs 2720/Sh from Rs 2725/Sh (Neutral)

Citi on *Tata Tech:* Maintain Sell on Company, cut target price at Rs 836/Sh from Rs 900/Sh (Negative)

Citi on *LTTS:* Maintain Sell on Company, cut target price at Rs 4500/Sh from Rs 4860/Sh (Negative)

Citi on *LTIM:* Maintain Sell on Company, cut target price at Rs 5460/Sh from Rs 5710/Sh (Negative)

CLSA on *Wipro:* Downgrade to Hold on Company, target price at Rs 303/Sh (Negative)

Stocks Picker Articles

01 Jan 2025 16:41

Vishnu Prakash securing order worth ₹73 Mil from Hissar Builders

Order Book:- 
The company’s current order book stands at ₹5,086 crores, with new orders worth ₹1,104 crores secured in FY’25, including ₹342 crores in water supply and ₹762 crores in railway projects. A bid pipeline of around ₹5,000 crores is being actively pursued across various sectors. 

Operational Insights:- 
The company operates over 500 vehicles and modern construction equipment, focusing on backward integration to reduce raw material costs with in-house facilities like Ready-Mix Concrete and material testing labs. Operational challenges arose from heavy rainfall and delayed payments, particularly from Rajasthan’s state government. 

Guidance and Future Outlook:- 
Management expects 10%-15% revenue growth for FY’25, adopting a conservative outlook due to budget constraints and certification delays. They anticipate strong performance in Q3 and Q4, with confidence in achieving robust growth, leveraging 38 years of experience and established operational capabilities. 

Segment Performance:- 
Water supply projects remain a key focus, accounting for 60% of bidding activity, while railway projects also contribute to margins. Management highlights that margins are comparable between the water supply and railway segments, emphasizing balanced performance across both areas. 

Company Overview:- 
Vishnu Prakash R Punglia Limited is one of India’s fastest-growing infrastructure development companies. Operating across multiple states, it focuses on government contracts, with 76% of its revenue from government projects in the first half of FY ’25. 

Stocks Picker Articles

01 Jan 2025 14:44

TATA MOTORS DEC SALES ; TOTAL SALES FLAT AT 78,165 UNITS YOY, V EST 69,900 EST

PASSENGER VEHICLES SALES UP 1 % TO 44,289 UNITS YOY

EV SALES UP 11 % TO 5562 UNITS YOY

COMMERCIAL VEHICLES DOMESTIC SALES DOWN 1 % TO 32,369 UNITS YOY

TATA MOTORS Q3 BIZ ; TOTAL SALES FLAT AT 2.35 LK UNITS YOY

PV SALES UP 1.39 LKH UNITS YOY

EV SALES UP 6 % TO 16,119 UNITS YOY

DOMESTIC CV SALES DOWN 1 % TO 91,260 UNITS YOY

TATA MOTORS MANAGEMENT Says In Q3 FY25, the HCV segment saw strong sequential growth driven by post-monsoon construction, mining, and festive season demand, despite a 9% YoY decline.

Small and light commercial vehicle sales saw a slight 2% YoY decline due to financing challenges for first-time and rental customers.TATA MOTORS Says Demand is expected to improve in Q4 FY25 across most CV segments, with key factors being government infrastructure spending and growth in end-use segments, benefiting the commercial vehicle industry in 2025.

Stocks Picker Articles

01 Jan 2025 14:00

Fund Flow Activity:
01 January 2025 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 66507.28 + 4519.49 Total: 71026.77
F&O Volume: 15480680.6 + 1399884.93 Total: 16880565.53

Provisional Cash

FII/FPI: NET SELL: -1782.71
(1237.02 - 3019.73)

DII: NET BUY: +1690.37
(8536.97 - 6846.6)

Stocks Picker Articles

01 Jan 2025 08:54

*EICHER MOTORS (CV):* DECEMBER TOTAL SALES 8,324 UNITS VS 8,026 UNITS (YOY); EST 7,820 (SUPPORTIVE FOR STOCK PRICES)

Stocks Picker Articles

01 Jan 2025 07:39

*M&M:* December sales at 63443 units versus estimates 62825 units (Numbers marginally better than estimates)

Stocks Picker Articles

01 Jan 2025 04:31

Corporate Actions

Dividend

03-Jan-25
REDTAPE: Interim Dividend – Rs. 2.00

IPO
Indo Farm Equipment: Open: 31-Dec-24; Close: 02-Jan-25

Buyback
---

Bonus
Surya Roshni: Bonus Issue 1:1; Ex-Date: 01-Jan-25
KPI Green Energy: Bonus Issue 1:2; Ex-Date: 03-Jan-25
Garware Technical Fibres: Bonus Issue 4:1; Ex-Date: 03-Jan-25
Ceenik Exports (India): Bonus Issue 1:5; Ex-Date: 03-Jan-25
Padam Cotton Yarns: Bonus Issue 1:1; Ex-Date: 08-Jan-25

Stock Split
Getalong Enterprise: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 02-Jan-25
Inertia Steel: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 03-Jan-25
Julien Agro Infratech: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 08-Jan-25
Jagsonpal Pharma: Stock Split From Rs. 5/- to Rs. 2/-; Ex-Date: 08-Jan-25
Kamdhenu: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 08-Jan-25
Shriram Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 10-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25

Right Issue
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

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

Stocks Picker Articles

01 Jan 2025 03:58

Stocks in Action

Hindustan Aeronautics : The company is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures. The company posted healthy results for the quarter ended Q2FY25, with 6% YoY topline growth to Rs 5, 976 cr .EBITDA grew by 6% YoY to Rs 1,640 cr. PAT grew by 22% (YoY) to Rs 2,023 cr. Inventory holding has been optimized from 360 days to 159 days. Debtors turnover has improved from 227 days to 55 days. Order book as of the current date stands at Rs 94,000 cr, with expectations of increase in order book size to Rs 1,20,000 cr by the end of the fiscal year. Management expects projected indigenous content to be above 65% for LCA Mark 1A. The company is Focusing on capacity and capability building to meet customer commitments and future projects with Proactive procurement, strengthening CAPEX, and increasing R&D investments. Management has made a robust CAPEX plan for the next 5 years, estimated to be between Rs 14,000 to Rs 15,000 cr annually. Management will also be Investing in greenfield projects and capacity augmentation of various programs,establishing new facilities like a new helicopter factory in Tumakuru and a third line of LCA in Nashik. The company expects manufacturing growth of around 15% to 18% annually. Repair and overhaul growth expected to be around 9% to 10%. Management has also given orderly intake guidance of Rs 470,00 cr for FY25, this does not include MRO orders. Company expects EBITDA margin of 26%-27% for the current financial year. Going forward the company is expecting orders totalling around Rs 1,60,000 to Rs 1,70,000 cr in the next 18 months to 3 years. It also plans to keep manufacturing lines occupied till 2032. Positive on Hindustan Aeronautics given the strong fundamentals and performance of the company.

Marksans Pharma : The Company is primarily engaged in the business of research, manufacture, marketing and sale of pharmaceutical formulation. The Company's research and development facilities are located in Verna, Goa and R & D center in Navi Mumbai. The company posted strong quarterly for the quarter ended Q2FY25, with topline growth of 20.8% YoY to Rs 641.9 cr. US & North America revenue increased by 36.8% YoY to Rs 304.2 cr. UK & EU formulary business grew by 5.7% YoY to Rs 246.7 cr. Australia & New Zealand revenue rose by 31.3% YoY to Rs 63.6 cr. Gross profit increased by 37.7% YoY to Rs 383.5 cr. Gross margin expanded by 732 basis points from 52.4% to 59.7%. EBITDA reached an all-time high of Rs 135.7 cr, up 19.1% YoY, with an EBITDA margin of 21.1%. Profit after tax grew by 16.6% YoY to Rs 97.8 cr. Freight costs have seen a significant reduction, dropping from approximately $6,000 to around $3,600. New product launches in the US contributed to the overall growth, particularly in pain, cough & cold, and digestive segments. Management indicated a strong order book status, particularly in the US market, which is a strategic focus for growth.Going forward, the company has a Long-term goal to achieve Rs 3,000 cr in revenue within the next 2 years, with expected EBITDA margins of 22%. Management is optimistic about growth prospects in the US and UK markets, with plans for future product launches and market penetration. Positive on Marksans Pharma given the strong fundamentals and performance of the company.

Stocks Picker Articles

01 Jan 2025 03:39

*Fund Houses Recommendations*


Macquarie on *TCS:* Maintain Outperform on Company, target price at Rs 5710/Sh (Positive)

Macquarie on *HCL Tech:* Maintain Outperform on Company, target price at Rs 2020/Sh (Positive)

Macquarie on *Persistent:* Maintain Outperform on Company, target price at Rs 6759/Sh (Positive)

Citi on *Ultratech:* Maintain Buy on Company, target price at Rs 12500/Sh (Positive)

Equirus on *Trasport corp:* Maintain Buy on Company, target price at Rs 1395/Sh (Positive)

GS on *Industrial Stocks:* Disburses incentives worth 62% of government estimates in FY24, after declining YoY in August-October. PLI schemes help achieve US$150bn of incremental sales and US$48bn of exports (Positive)

GS on Auto stocks: *Bajaj Auto* becomes the E2W mkt leader with 25% mkt share, new Chetak launches to further support volumes. *Mahindra & Mahindra* gained +160bps LCV mkt share YoY (Positive)

Emkay on Auto stocks: Steep correction of 24% in 2-wheeler stocks from recent peak (steepest decline at 33%/30% for Hero Moto/Bajaj Auto) is unwarranted. (Positive)

Antique On Real Estate: Top picks are *AB Real Estate and Oberoi Realty* (Positive)

Macquarie on Financials: Regulations to watch out for in 2025. More regulations on top-up loans - The impact could be more on NBFCs. (Neutral)

HSBC on *Tata Chemicals:* Maintain Reduce on Company, target price at Rs 820/Sh (Neutral)

Nuvama on *Ashoka Buildcon:* Maintain Reduce on Company, target price at Rs 294/Sh (Neutral)

Stocks Picker Articles

01 Jan 2025 03:38

*Stocks in News*


*SJVN:* Company has signed a MoU with the Bihar government for the development of the 1000 MW Hathidah Durgawati Pumped Storage Project. (Positive)

*Kalpataru Projects:* Company secures Rs 1,011 crore in new orders. (Positive)

*Dynacons:* Company wins Rs. 280 crore data center project from Canara Bank (Positive)

*Indo-Tech Transformers:* Company secures Rs 117.17 crore order for supply of 150 MVA transformers (Positive)

*BMW Industries:* Company secures new long-term work orders worth Rs 364.7 crores. (Positive)

*Jagatjit Industries:* Company ends manufacturing agreement with Hindustan Unilever. (Positive)

*Suzlon Energy:* CRISIL Upgrades SE Forge Limited, Wholly Owned Subsidiary Rating to BBB+. (Positive)

*RPP Infra Projects:* Company Entering Partnership with Paper Pack Packaging Industry, Contribution Up To Rs 80 Million With 95% Profit Sharing. (Positive)

*Aviation stocks:* Jet Fuel Price Cut By ₹1,401/KL To ₹90,455.47/KL in Delhi. (Positive)

*IREDA:* Loans sanctioned more than double from last year, book size near ₹70,000 crore (Positive)

*PayTM:* NPCI extends 30% volume cap for Third Party Application Providers (TPAPs) by 2 years until December 31, 2026 (Positive)

*Telecom stocks:* Department of Telecommunications released the Telecommunications (Right of Way) Rules, 2024. Will govern the construction, use, and maintenance of underground communications facilities on public property. (Positive)

*Macrotech/Signature/Oberoi:* December had 12,363 property registrations-13 year high levels in Mumbai (Positive)

*PNC Infratech:* Company receives NHAI nod for divestment in Rajasthan Highways subsidiary. (Positive)

*Power Grid:* Company incorporated subsidiary to develop Rajasthan's intra-state transmission system. (Positive)

*Jupiter Wagons:* Company Increases Stake in Subsidiary Jupiter Electric Mobility To 75% From 60% (Neutral)

*Bhilwara Spinners:* Company Secretary and Compliance Officer, CS Anjali Jain resigned effective December 31, 2024 (Neutral)

*Lemon Tree Hotels:* Company announced the resignation of Ms. Jyoti Verma as Group Company Secretary & Compliance Officer, effective January 31, 2025. (Neutral)

*Bank of India:* Company raises USD 300 million through syndicated term loan. (Neutral)

*Tata Consultancy Services:* Company to Consider Q3 Results & Third Interim Dividend on Jan 9. (Neutral)

*Piramal Enterprises:* Company Invested Rs 10 billion In Piramal Capital & Housing Finance, Invested in Unit via Subscription to Rights Issue. (Neutral)

*Super Sales India:* Company has announced the acquisition of a 26% stake in Srri Shamundi Spinners Energy. (Neutral)

*SRU Steels:* Company announced the resignation of its Chief Financial Officer, Mr. Ankit Neema, and effective December 31, 2024. (Neutral)

*Dhani Services:* Company Board approved raising up to Rs 406.35 crore by issuing up to 4.5 crore warrants. (Neutral)

*Canara Bank:* Bank confirms Rs. 138.97 Crores annual interest payment on additional tier 1 bonds. (Neutral)

*GTPL Hathway:* Company to acquire 49% equity stake in GTPL vision services for Rs 113.1 million. (Neutral)

*India Cement:* Company Appoints Suresh Vasant Patil, as New Chief Executive Officer with effect from 1 Jan 2025 (Neutral)

*Sun Pharmaceutical:* Company sold its 100% stake in subsidiary Sun Pharma Japan Technical Operations Limited to Zaza Industrial Holdings K.K. for JPY 1. (Neutral)

*Dredging Corp:* Company announces the extension of Shri Durgesh Kumar Dubey's tenure as Managing Director & CEO. (Neutral)

*Puravankara:* Company’s share in Pune Projects LLP rose from 32% to 68.26%. (Neutral)

*Afcons Infrastructure:* Company's Mozambique branch received a tax demand of approximately ₹7.50 crores (Neutral)

*Reliance Industries:* Company announced a significant increase in its stake in Viacom18 Media Private Limited. (Neutral)

*ITC:* The demerger of ITC Hotels will be effective from today, Record date of January 6. (Neutral)

Stocks Picker Articles

31 Dec 2024 12:47

TATA CHEMICALS ,GHCL ,DCW ; ANALYST ON RECENT GOVT ACTION ON SODA ASH

ANALYST Says Neutral Pricing Impact: Chinese imports currently priced around at Rs 18-19/kg and Indian soda ash sold at Rs 21-22/kg mean the revised policy has limited impact on pricing dynamics.

The pricing gap remains narrow, leading to limited benefits for domestic manufacturers like GHCL and Tata Chemicals.

Support for Domestic Industry: Aimed at stabilizing the domestic market and supporting local manufacturers, though the overall market effect remains minimal.

Validity: Policy effective until June 30,2025, with the free import regime expected to resume from July 1, 2025, unless amended further.

Stocks Picker Articles

31 Dec 2024 10:48

🚨CHANGES FROM JAN 1 2025🚨

1.STOCK MARKETS

BSE will implement changes to expiry dates for derivatives related to Sensex and other indices
Shifting from Fridays to Tuesdays

2.Price Hikes in Auto sector
Maruti 4%, Tata 3%, M&M 3% and others

3. To bring the expenses made on luxury goods by the high net worth persons under the ambit of TCS if cost of luxury goods is more than Rs 10 lakh. (Budget 2024)

4. New RBI Rules

For small deposits up to Rs 10,000, depositors can withdraw the entire amount within three months of depositing without interest.

For larger deposits, partial withdrawals of up to 50 percent of the principal amount or Rs 5 lakh (whichever is lower) are allowed within three months without interest.

BFSIs will update credit card information more frequently (fortnight)

5. Key GST Changes

Multi-Factor Authentication will be made mandatory for all taxpayers for better security on GST portals.

Generation of E-Way Bills will be restricted to base documents not older than 180 days

5. UPI Rules
UPI 123Pay transaction limit to increase from Rs 5,000 to Rs 10,000

6. Employees' Provident Fund Organisation (EPFO)

Members may soon be able to withdraw funds directly from ATMs

7. Visa Changes

US Embassy in India will allow non-immigrant visa applicants to reschedule appointments once without an additional fee.

Visitors from any country will be able to apply for a Thailand e-Visa through the official website

7. TELCOM PLAYERS+ANCILLARY PLAYS

Department of Telecommunications released the Telecommunications (Right of Way) Rules, 2024, It
Will govern the construction, use, and maintenance of underground communications facilities on public property.

Price changes announcement may happen for teleco players

8.Other Announcements
Farmers will now be eligible for loans up to ₹2 lakh without any guarantee (Earlier at Rs 1.6lk)

Prices of LPG cylinders+ATF prices to be adjusted

Minimum spending criteria for credit card customers who wish to access airport lounge, other services

Stocks Picker Articles

31 Dec 2024 10:28

IMPORTANT EVENTS IN 2025-JANUARY

🚨Price hikes in Auto sector ~ Maruti 4%, Tata 3%, M&M 3% and others

🚨During 2024 Budget government has proposed to bring the expenses made on luxury goods by the high net worth persons under the ambit of TCS if cost of luxury goods is more than Rs 10 lakh.

🚨Donald Trump Takes charge in January 20

🚨Road to budget and Pre Budget meetings (Feb 1)

🚨Q3 Earnings season will start

🚨Fed Policy ~ 28th and 29th Jan

🚨Indian FAR bonds will be included in the Bloomberg EM Local Currency Government indices with an initial weight of 10% of their full market value on January 31, 2025.

🚨Coldplay ~ 18th to 21st Jan 2025

🚨Mahakumbh Mela ~ 13th Jan to 26th Feb

Stocks Picker Articles

31 Dec 2024 10:05

MAAN ALUMINIUM; The company plans to expand its Aluminium Extrusion and value-added services business.

It has acquired a building with 8500 sq. meters of leasehold land near its Pithampur plant, Dhar, MP, for ₹7.21 Cr (excluding stamp duty and other charges).