Stocks Picker Articles

09 Jan 2025 04:42

*Forthcoming Event*

09th January: TCS to consider Dividend; Baid Finserv, Apollo Micro Systems, Zota Health Care to consider Fund Raising

10th January: CESC, PCBL to consider Dividend; TeleCanor Global, Muthoot Capital Services to consider Fund Raising

13th January: HCLTECH to consider Dividend; Swagtam Trading & Services, Zee Media Corporation to consider Fund Raising; Mangalam Global Enterprise to consider Stock Split

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

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

18th January: Kotak Mahindra Bank to consider Fund Raising

21st January: KEI to consider Dividend

22nd January: COFORGE to consider Dividend

Stocks Picker Articles

09 Jan 2025 04:41

*Stocks in Action*

*Transformers & Rectifiers(India)* : The Company's business mainly comprises of manufacturing and selling of various kinds of transformers such as power, and distribution transformers, furnace transformers, rectifier transformers, and specialized transformers. The company posted phenomenal results for the quarter ended Q3FY25 with topline growing by 51% YoY to Rs 559.36 cr. EBITDA grew by 134%YoY to Rs 93.76 cr. PAT stood at Rs 55.52 cr, up 252% YoY. The new orders inflows during the period is at around Rs 631 cr and nearly Rs 19,000 cr inquiries under negotiation. The conversion rate will be around 25-30% for the inquiries under negotiation. Total order book stand at Rs 3,686 cr. Company will have order excess of Rs 4000 cr at the end of FY25, the unexecuted order book for the next 18-24 months is around Rs 3,686 cr, removing any doubts of a slowing economy in general.The company has become 100% backwards integrated after acquiring controlling stake in a CRGO processing unit (Posco Poggenamp Electrical Steel). Management is also focusing on driving profitability by focusing on orders which have high margin. Going forward the management has given a topline guidance of Rs 2000cr by FY25 and Rs 3500cr by FY26, which will come partly from existing capacities and partly from new expansion. Overall the management expects that the company to would achieve revenue of US$ 1 billion in the next 3-4 years. EBITDA is expected to be in the range of 17% by FY27, EBTIDA improvement will start from 1QFY26 as and when the acquisition will integrate with the existing operations. The Company has also reduced its Debtor days during the quarter and there are no delays in payment from Government. The backward integration measures taken by the company is expected to provide incremental benefit of 4% to its PAT. Management aims to sustain 10% PAT margin going ahead. *Positive Transformers & Rectifiers(India) given the strong fundamentals and performance of the company.*

*Coforge* : Coforge is a global digital services and business solutions provider with in-depth domain expertise that specializes in selected industry verticals. The Company delivers services around the world directly and through its network of subsidiaries and overseas branches. The company posted healthy results for the quarter ended Q2FY25 with reported revenue of Rs. 3,062 cr, growing 34.5% YoY. Growth was broad-based across verticals, led by insurance, government, and others. EBITDA grew by 20% YoY to Rs 412 cr. PAT stood at Rs 234 cr, growing 24% YoY. The company reported a fresh order intake of $516 million, which includes $67 million from Cigniti. The executable order book over the next 12 months jumped to $1.3 billion from $1.07 billion, up 40% YoY. Headcounts stood at 32,486 with net additions at 5,871 sequentially, which includes 4,430 Cigniti headcounts. Going forward the company is committed to its medium-term guidance of not only reaching the $2 billion topline mark but also delivering a concurrent material expansion in EBITDA. The company aims to improve Cigniti’s EBITDA margin to 18% by the end of FY2025. *Positive on Coforge given the strong fundamentals and performance of the company.*

Stocks Picker Articles

09 Jan 2025 04:20

*Q3 EXPECTATIONS OF BANKS - ETNOW*

System loan growth (by mid-Dec) stood at ~11.5%

3QFY25 pre-quarterly updates show a slowdown in both loans and deposit growth

PSU banks like UCO and Bol reported growth higher than their guidance levels

HDFC Bank showed weaker-than-expected loan growth; however, LDR declined below 100%

Banks with high MFI exposure, such as Indusind Bank, RBL, and Bandhan, reported weak loan growth

Small finance banks witnessed slower growth in the unsecured segment*

Loan growth is expected to remain below expectations for most banks

Stocks Picker Articles

09 Jan 2025 04:19

*Global Equities’ Update*

Asian markets opened with marginal cuts while consolidating on mixed set of economic data from China. U.S. stock index futures crept marginal lower as Fed minutes showing the prospect of slower interest rate cuts in 2025, exactly in line with FOMC meeting announcements, while indices also speculating over increased trade tariffs under President-elect Donald Trump.


*Dow Future (US):* 42535, -88.0 points/ -0.21%

*Nasdaq Future (US):* 21134, -45.0 points/ -0.21%

*DAX Future (Germany):* 20457, -26.0 points/ -0.12%

*FTSE Future (UK):* 8251, -2.0 points/ -0.03%

*Hang Seng Future (Hong Kong):* 19287, -14.0 points/ -0.07%

*Taiex Future (Taiwan):* 23329, -120.0 points/ -0.51%

*Kospi (South Korea):* 2527, +6.0 points/ +0.22%

*Nikkei Index (Japan):* 39678, -293.0 points/ -0.73%

*Gift Nifty: (India)* 23717, -64.0 points/ -0.27% (Adjusted)

Stocks Picker Articles

09 Jan 2025 04:19

9 Companies where FIIs have consistently increased their shareholding every quarter from December 2023 to December 2024.

❇️SKF
❇️Affle
❇️ICRA
❇️UTI AMC
❇️KP Energy
❇️Natco Pharma
❇️Hind Rectifiers
❇️Archean Chemical
❇️Indraprastha Medical

Stocks Picker Articles

09 Jan 2025 03:30

*Kotak Mahindra:* Bank to consider raising funds by issuance of NCDs on private placement basis. (Neutral)

*NMDC:* Company cuts Lump Ore & Fines prices by ₹350/tonne effective today. (Neutral)

*United Spirits:* Company gets GST demand order worth Rs 1.1 crore from Kerala government. (Neutral)

*Tyche Industries Ltd:* USFDA inspected our Kakinada facility in August 2024 and issued seven observations, classifying it as "Official Action Indicated. (Negative)

Stocks Picker Articles

08 Jan 2025 13:15

ADANI PORTS

APSEZ Enters Top 10 List in 2024 S&P Global Corporate Sustainability Assessment Rankings 

APSEZ enters the Global Top 10 among transportation and transportation infrastructure companies, up from the Top 15 last year. 

APSEZ ranks in the 97th percentile within its sector 

APSEZ is the only Indian company in the global Top 10 of its industry. 

Retained the #1 rank in the Environment dimension for the second year in a row.

Stocks Picker Articles

08 Jan 2025 04:33

*Forthcoming Event*

08th January: Transformers And Rectifiers (India) to consider Bonus issue & Fund Raising; Celebrity Fashions, Kellton Tech Solutions to consider Fund Raising; CES to consider Voluntary Delisting

09th January: TCS to consider Dividend; Baid Finserv, Apollo Micro Systems, Zota Health Care to consider Fund Raising

10th January: CESC, PCBL to consider Dividend; TeleCanor Global, Muthoot Capital Services to consider Fund Raising

13th January: HCLTECH to consider Dividend; Swagtam Trading & Services to consider Fund Raising

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

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

21st January: KEI to consider Dividend

22nd January: COFORGE to consider Dividend

Stocks Picker Articles

08 Jan 2025 03:41

*Stocks in Action*

*Titan* : Titan Company is the world's fifth largest wrist watch manufacturer and India's leading producer of watches. The Company is engaged in manufacturing and sale of Watches, Jewellery, Precision Engineering, Eyewear and Other accessories and products. The company posted phenomenal business updates for Q3FY25 with Jewellery (domestic) growing 25% YoY buoyed by strong festive demand. Robust consumer traction during ‘Diwali’ led to high single-digit buyer growth along with double-digit ticket size growth. Gold (plain) exhibited particularly strong momentum growing 24% YoY, benefiting from increased gold prices, festive and wedding purchases. Notably, gold coin sales grew 48% YoY reflecting consumer preference for gold as an investment avenue and customary purchases during the festive occasion of ‘Dhanteras’. Studded grew by 21% YoY. Brisk like to-like (L2L) (secondary) grew by 22% YoY. ‘Rivaah’, Gold exchange, Golden Harvest, High value studded, and blockbuster festive collections were well supported by multiple brand campaigns driving the L2L growth for the quarter. Tanishq (International) added a new store each in Seattle, USA and Gold Souk, Dubai. Of the 24 new store additions (net) in India, 11 stores were added in Tanishq and 13 stores were added in Mia. Watches & Wearables (domestic) grew by 13% YoY. Analog watches maintained its FY25 growth momentum and clocked a robust 19% YoY growth, driven by festive demand and well supported by healthy premiumization trends. Eye Care (domestic) clocked a healthy growth of 17% YoY led by Retail and E-commerce. *Positive Titan given the strong fundamentals and performance of the company.*

*Affle India* : Affle is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users. The company gave an incredible performance for the quarter ended Q3FY25, achieving highest quarterly revenue run rate with consolidated revenue of Rs5,429 million, growing 25.9% (y-o-y). EBITDA stood at Rs1,133 million, up 29.9% y-o-y, with an EBITDA margin of 20.9%.Profit After Tax (PAT) for the quarter was Rs920 million, marking a growth of 37.7% y-o-y. The company is enhancing its product offerings with GenAI capabilities, including vernacular content creation, keyword recommendations, and operational cost optimization. It has also filed 15 unique intellectual property patent applications related to GenAI, showcasing commitment to innovation. Going forward the management is confident in achieving 20%+ revenue growth for FY2025, with expectations of even higher growth in EBITDA and PAT. The company anticipates strong performance in H2 FY2025, particularly during the ongoing festive quarter. *Positive Affle India given the strong fundamentals and performance of the company.*

Stocks Picker Articles

08 Jan 2025 03:39

*Go Digit:*GDPI growth of 6% YoY vs -4% MOM (Neutral)

*Rainbow:* ICRA Limited reaffirmed its credit rating of [ICRA] AA (Stable) for Rainbow Children's Medicare Ltd. (Neutral)

*Birlasoft:* Roopinder Singh resigns as Chief Executive Officer - Americas of the company w.e.f February 7, 2025. (Neutral)

*Mankind Pharma:* Company pledges remaining 56.31% shares of Bharat Serums & vaccines in favour of Catalyst Trusteeship (Neutral)

*M&M:* Company announces prices for top variant of BE 6 & XEV 9e. (Neutral)

*Sobha:* Total Sales value Down 28.8% to Rs 1388.6 cr vs Rs 1951.6 cr YoY, up 17.8% QoQ. (Neutral)

Stocks Picker Articles

07 Jan 2025 04:20

*Forthcoming Event*

07th January: Jindal Worldwide to consider Bonus issue; Vantage Knowledge Academy to consider Dividend & Bonus issue; Aavas Financiers, Afloat Enterprises, California Software, GACM Technologies, Shakti Pumps (India) to consider Fund Raising

08th January: Transformers And Rectifiers (India) to consider Bonus issue & Fund Raising; Celebrity Fashions, Kellton Tech Solutions to consider Fund Raising; CES to consider Voluntary Delisting

09th January: TCS to consider Dividend; Baid Finserv, Apollo Micro Systems, Zota Health Care to consider Fund Raising

10th January: CESC, PCBL to consider Dividend; TeleCanor Global to consider Fund Raising

13th January: HCLTECH to consider Dividend; Swagtam Trading & Services to consider Fund Raising

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

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

21st January: KEI to consider Dividend

22nd January: COFORGE to consider Dividend

Stocks Picker Articles

07 Jan 2025 03:49

Stocks in Action

Bajaj Finance : The Company is engaged in business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. The NBFC gave an encouraging business update for Q3FY25, with Assets under management growing by 28%(YoY) to Rs 3.98 lakh, Deposits book surged by 19%(YoY) to Rs 68,800 crore. New loans booked increases 22%(YoY) to 12.06 million. Customer franchise stands at 97.12 (as of 31 December 2024)million Vs 80.41 million(as of 31 December 2023). Going forward the company expects AUM growth at 27% for FY2025 (29% in H1FY2025) and 25-26% over the medium term (2-5 years) . The growth will be driven by acquisition of clients, launch of new product lines and cross sales. As per the Long-Range Strategies , management plans to acquire 2.0x customers from 92.1 million in H1FY2025 to 200 million in FY2029. In terms of, product lines, management aims to build leadership in personal loans, gold loans, MFI and two-wheeler loans. Company is a large player in personal loans with ~ 7% market share. Growth in auto loans will go with monitoring low credit cost. Full integration of artificial intelligence will help the company to increase cross-sales revenue and leverage on the database of account aggregators.This will also improve productivity with faster and better credit assessment which will reduce the operating costs and credit cost. Company has increased its Credit cost guidance to 2.05% for FY2025 versus 1.75-1.85% earlier but it would normalise in the medium term along with asset quality. Positive Bajaj Finance given the strong fundamentals and performance of the company.

Vijaya Diagnostics centre : The company is a leading diagnostic medicare services provider in Southern India and offers comprehensive services that include nuclear medicine, radiology, laboratory, health check-ups and medical services. The company provides its services across 13 cities through its 81 diagnostic centres and 11 reference laboratories.The company posted phenomenal results for quarter ended Q2FY25.The Consolidated revenue for Q2 FY 25 stood at Rs183 crores, reflecting a growth of 32%(YoY) .Revenue growth was driven by volume growth of 30% YoY and footfall growth of 24%YoY. Hyderabad, a core geography, showed strong growth at 18.5% YoY. B2C revenue constituted 93% of total revenue, with radiology business contributing 35%.EBITDA for the quarter was Rs76 crores, marking a 33% YoY growth, with an EBITDA margin of 41.5%, showing an improvement of 20 basis points YoY. Profit after tax (PAT) for the quarter was Rs42 crores, with a PAT margin of 23%.Going forward, management remains optimistic about achieving double-digit growth, maintaining a target growth guidance of 15% to 16%.The company is confident in capitalizing on the growing demand in the diagnostics sector, with a focus on organic growth rather than inorganic acquisitions. Management believes the shift from unorganized to organized diagnostic services presents significant growth opportunities. Positive Vijaya Diagnostic Centre given the strong fundamentals and performance of the company.

Stocks Picker Articles

07 Jan 2025 03:32

*M&M:* Total December production up 20%, at 53,361 units vs 44,495. (Neutral)

*Bajaj Finserve:* Bajaj Allianz General Insurance-Gross Direct Premium underwritten for Dec at `1331 cr (Down 7% YoY) (Neutral)

*Manappuram Finance:*Company confirms robbery incident at Odisha branch; value of stolen assets approximately Rs 200 million. (Negative)

Stocks Picker Articles

06 Jan 2025 04:43

JUBILANT FOODWORKS Q3 BIZ UPDATE

Consolidated Revenue Up 56 % To ₹2153 Cr (YOY

Standalone Revenue Up 18.9 % To ₹1611 Cr YOY

LFL ( LIKE FOR LIKE) Growth

Domino’s India: +12.5%

Domino’s Turkey: -3.2% (Post-IAS-29)

Store Network:

Total stores: 3,260 (+130 stores this quarter)

Domino’s India: 2,139 stores (+60)

Domino’s Turkey: 738 stores (+25)

VERY STRANGE... JUBILANT FOODWORKS USUALLY DONT GIVE QUARTERLY BIZ UPDATE

Stocks Picker Articles

06 Jan 2025 04:42

Titan

Q3 Update

Good Revenue growth led by
1Festive & Wedding Season
2Gold Price Rise

- Standalone revenue growth at 24%
- Jewellery business growth at 26%
- Gold sales +24%, Studded sales +21%

Other businesses, not as fast growing, except watches
- Watches & Wearables +15%
- EyeCare +18%
- Emerging Biz +5%
- CaratLane +25%

Key to track
1Performance of other players: Kalyan, Senco, PN Gadgil etc
2Margins due to higher salience or Gold and Lower Studded Ratio
3Growth path for CaratLane and Taneira

Stocks Picker Articles

09 Jan 2025 04:42

*Corporate Actions*

Transformers And Rectifiers (India) has approved issue of Bonus Equity Shares in the proportion of 1:1 i.e. 1 Bonus Equity Share for every 1 existing Equity Share each, subject to the approval of shareholders.

*Dividend*

*10-Jan-25*
VTMLTD: Interim Dividend - Rs. - 0.25

*17-Jan-25*
TCS: Interim Dividend

*IPO*
Quadrant Future Tek: Open: 07-Jan-25; Close: 09-Jan-25
Capital Infra Trust: Open: 07-Jan-25; Close: 09-Jan-25

*Buyback*
---

*Bonus*
Mayukh Dealtrade: Bonus Issue 3:5; Ex-Date: 17-Jan-25
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25

*Stock Split*
Shriram Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 10-Jan-25
Shardul Securities: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Jan-25
Regis Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25
Nava: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 20-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25

*Right Issue*
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Murae Organisor: Open: 30-Dec-24; Close: 13-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Pro Fin Capital Services: Open: 09-Jan-25; Close: 24-Jan-24
Camlin Fine Sciences: Open: 17-Jan-25; Close: 27-Jan-24
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24

*Open Offer*
India Cements: Open: 08-Jan-25; Close: 21-Jan-24
Prataap Snacks: Open: 16-Jan-25; Close: 29-Jan-24

Stocks Picker Articles

09 Jan 2025 04:21

Bulk Deal & Insider Trade Update*

*Bulk Deals*
*Apex Ecotech Limited: Kingsman Wealth Fund Pcc Aurisse Special Opportunities Fund Sell 68800 Shares @ Rs. 137.51

*Insider Trade*
*Acquisition*
* Kopran Ltd.: Mridula Somani, Promoter Group, Acquisition 1764750 shares on 18-Dec-24
* Gallops Enterprise Ltd.: Varun Naginbhai Patel, Promoter Group, Acquisition 200000 shares on 07-Jan-25
* Avg Logistics Ltd: Sanjay Gupta, Director, Acquisition 195000 shares on 07-Jan-25

*Disposal*
* Hindustan Agrigenetics Ltd.: Promoter, Disposal 1192 shares
* Bangalore Fort Farms Ltd: Revati Holdings Private Limited, Promoter, Disposal 1595693 shares on 03-Jan-25
* Avg Logistics Ltd: Sanjay Gupta, Director, Disposal 195000 shares on 07-Jan-25

*Dividend Update*
---

*Result Today*
Tata Consultancy Services Ltd.
Indian Renewable Energy Development Agency Ltd.
Tata Elxsi Ltd.
GTPL Hathway Ltd.
Yash Highvoltage Ltd.
Padam Cotton Yarns Ltd.
Mishka Exim Ltd.
Vivo Bio Tech Ltd.

Stocks Picker Articles

09 Jan 2025 04:20

*OPENING BELL*

Date: 9-Jan-2025


📍 NEW ORDERS & CONTRACTS

- Richa Info: Signed a ₹100 crore Supply and Services Agreement with Roopyaa Tradebizz Limited for TV technologies and associated services (6-month term).

---

📍 INCIDENTS & CLARIFICATIONS

- PI Industries: Customs Commissioner issued ₹43.91 crore liability order for the period from 21 July 2018 to 24 November 2022; company plans to challenge it legally.

- Schaeffler India: Mr. Aashish Bhatia, President – Automotive Technologies, exits the company due to organizational restructuring, effective 8 January 2025.

---

📍 OPERATIONS & PERFORMANCE

- Solex Energy: Achieved 103% revenue growth YTD as of 31 December 2024. The company plans an 800 MW solar module expansion starting January 2025, increasing total capacity to 4 GW by June 2025, driving revenue and profitability growth from FY26 onwards.

- Hindalco: Novelis Inc. plans to privately offer $500 million in senior unsecured notes due 2030 to repay existing borrowings and fund general corporate purposes.

- Zen Tech: Celebrated the grant of its 11th patent in FY 2024-25 for the T-72 Containerized Crew Gunnery Simulator System, a military training tool for T-72 tank crews.

---

📍 STRATEGIC PARTNERSHIPS & TECHNOLOGICAL UPDATES

- NTPC Green: PM Modi laid the foundation stone for NTPC Green Energy Limited's Green Hydrogen Hub Project at Pudimadaka near Visakhapatnam, which will be the first Green Hydrogen Hub under the National Green Hydrogen Mission.

- Borosil Renewables: Announced a 50% capacity expansion in solar glass manufacturing, increasing from 1,000 to 1,500 tons per day, responding to pricing challenges from cheap imports.

---

📍 LEADERSHIP CHANGES & APPOINTMENTS

- Niyogin Fintech: Board approved the incorporation of a wholly owned subsidiary, “Niyogin Finserv Limited” or “Niyogin Financial Services Limited,” to undertake financial services business.

---

📍 FUNDRAISING & CAPITAL EXPANSIONS

- Schaeffler India: No updates on fundraising yet.

- Zee Media: Board meeting scheduled on 13 January 2025 to consider fundraising via equity shares.

- Shiva Cement: JSW Cement received SEBI approval for a ₹4,000 crore IPO.

---

📍 M&A & CORPORATE ANNOUNCEMENTS

- Control Print: Incorporated a wholly owned subsidiary, ‘Control Print MEA FZE,’ in Hamriyah Free Zone, UAE, to focus on trading printing equipment and related products.

- Mangalum Global: Board meeting scheduled for 13 January 2025 to consider stock split.

- NMDC: Approved the incorporation of a wholly owned subsidiary at GIFT City, Gujarat, and liaison offices in Dubai (UAE) and Brisbane/Melbourne (Australia).

---

📍 LEGAL & REGULATORY UPDATES

- PI Industries: Facing ₹43.91 crore customs liability for the period 21 July 2018 to 24 November 2022.

Stocks Picker Articles

09 Jan 2025 04:19

*Latest Market Cap Classification as per AMFI*

1st - 100th : Large Cap
101st - 250th: Mid Cap
251st - 500th: Small Cap
501th - 5097th: Micro Cap

Small cap starts with 33,000 Cr is not a small cap at all. Even 501st company is more than 11,000 Cr..

1️⃣ 1st company: Reliance at ~₹19 lakh crore
2️⃣ 101st company: Indian Hotels at ~₹99,500 crore
3️⃣ 251st company: Apollo Tyre at ~₹33,000 crore
4️⃣ 501st company: Sanofi Consumer at ~₹11,000 crore
5️⃣ Last company: Bengal Steel Industries at ~₹2 lakh

Stocks Picker Articles

09 Jan 2025 03:30

*Fund Houses Recommendations*


Bernstein on *Swiggy:* Initiate Outperform on Company, target price at Rs 635/Sh (Positive)

Jefferies on *DLF:* Maintain Buy on Company, target price at Rs 1000/Sh (Positive)

CLSA on *Hindalco:* Maintain Outperform on Company, target price at Rs 800/Sh (Positive)

Jefferies on *Godrej Prop:* Maintain Buy on Company, target price at Rs 3750/Sh (Positive)

Jefferies on *Macrotech:* Maintain Buy on Company, target price at Rs 1650/Sh (Positive)

Jefferies on *Indigo:* Maintain Buy on Company, raise target price at Rs 5260/Sh (Positive)

Jefferies on *Manappuram:* Maintain Hold on Company, raise target price at Rs 190/Sh (Positive)

Jefferies on *Indian Hotels:* Maintain Buy on Company, raise target price at Rs 1000/Sh (Positive)

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

CLSA on *Bajaj Auto:* Upgrade to Outperform on Company, target price at Rs 9493/Sh (Positive)

MOSL on *Kaynes:* Maintain Buy on Company, target price at Rs 9100/Sh (Positive)

MOSL on *Page Ind:* Maintain Buy on Company, target price at Rs 57500/Sh (Positive)

Emkay on *HUL:* Maintain Buy on Company, target price at Rs 2675/Sh (Positive)

Nuvama on *TARIL:* Maintain Buy on Company, target price at Rs 1450/Sh (Positive)

Nomura on *Zydus Life:* Maintain Buy on Company, raise target price at Rs 1140/Sh (Positive)

Nomura on *Tata Motors:* Maintain Buy on Company, target price at Rs 990/Sh (Positive)

Emkay on *Tata Motors:* Maintain Buy on Company, target price at Rs 920/Sh (Positive)

HSBC on *Indian Equities:* Downgrade to Neutral on country, cut Sensex target price at Rs 80520 from Rs 85990. (Neutral)

Morgan Stanley on *EM Flows:* India weight in global funds rises to 21.9%; TCS up 40bps, HDFC Bank down 40bps. (Neutral)

MS on *Manappuram:* Maintain Equal weight on Company, target price at Rs 175/Sh (Neutral)

MS on *Tata Motors:* Maintain Equal weight on Company, target price at Rs 920/Sh (Neutral)

Nomura on *Dalmia Bharat:* Maintain Reduce on Company, target price at Rs 1680/Sh (Neutral)

Nomura on *Shree Cement:* Maintain Neutral on Company, target price at Rs 28000/Sh (Neutral)

Nomura on *ACC:* Maintain Reduce on Company, target price at Rs 1920/Sh (Neutral)

Nomura on *Nuvoco:* Maintain Reduce on Company, target price at Rs 330/Sh (Neutral)

Stocks Picker Articles

09 Jan 2025 03:29

*Stocks in News*


*Lupin:* Company receives Establishment Inspection Report from US FDA for its Pithampur unit-1 manufacturing facility with f Voluntary Action Indicated (VAI) classification. (Positive)

*Transrail:* CRSIL upgrades long term Credit Ratings of the Company’s bank loan facilities (Positive)

*BHEL:* Company announced the successful commissioning of Units 1 & 2 of the 6x170 MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan (Positive)

*Manappuram:* RBI lifts restrictions on Asirvad Micro Finance. (Positive)

*ACME Solar:* Company announces the commissioning of an additional 90 MW of solar power capacity in Rajasthan (Positive)

*Advait Infratech:* Company a Letter of Intent from Gujarat Urja Vikas Nigam Ltd for a 50 MW portion of a 500 MW battery energy storage system project in Gujarat. (Positive)

*Power Finance:* SPV Company Incorporated As Subsidiary of PFC Consulting (Positive)

*LT Foods:* Company incorporated a step-down subsidiary LT Food Arabia Limited Company, in Saudi Arabia. (Positive)

*Orient Technologies:* Company announced the appointment of Shrihari Bhat as its new Chief Executive Officer (Positive)

*Nureca:* Company obtains injunction against Threpsi, ARC international, tech-connect, injunction safeguards Nureca's brand equity and IP rights (Positive)

*Mangalam Global:* Board to meet on 13th January to consider stock split. (Positive)

*Zen Technologies:* Received patent grant for T-72 Containerized Crew Gunnery Simulator System (Positive)

*Caplin Point:* Company cleared the FDA inspection with zero 483 Observations (Positive)

*Brigade:* Company launches mixed use project in Hyderabad, eyes ₹3,300 crore revenue (Positive)

*GMR Group:* Secures Rs 6,300 crore investment from ADIA to reduce debt. (Positive)

*Borosil Renewables:* Company announces a 50% Capacity expansion in Solar Glass (Positive)

*Man Ind:* Sanjay Kumar Agrawal resigns as CFO of the company w.e.f January 8 (Neutral)

*Tata Motors:* JLR Retail sales in Q3 FY25 were 106,334 units, down 3% vs. Q3 FY24 and up 3% vs. Q2 FY25 (Neutral)

*Shriram Fin:* Face Value Split (Sub-Division) - From Rs 10/- Per Share to Rs 2/- Per Share (Neutral)

*Shelter Pharma:* Company Approved Upto Rs 50 Cr Fund Raising Via Rights Issue (Neutral)

*MOIL Ltd:* Company announced it received a penalty order of Rs 16.77 Cr from the Collector of Balaghat, M.P. The penalty is for excess production at the Tirodi Mine. (Neutral)

*Mankind Pharma:* Mr Ashish Mittal resigned as Company Secretary and Compliance Officer. (Neutral)

*Nalco:* Company announced Shri Brijendra Pratap Singh’s appointment as the new Chairman-cum-Managing Director of the Company. (Neutral)

*Poonawalla Fincorp:* Company approved issuance of NCD'S worth up to Rs 1 Billion. (Neutral)

*P N Gadgil Jewellers:* Company reports 24% (YoY) consolidated growth in Q3 FY25, PNG Jewellers to open 3 more stores in upcoming Quarter. (Neutral)

*PI Ind Ltd:* Company announced the resignation of its Company Secretary and Compliance Officer, Ms. Sonal Tiwari (Neutral)

*Hindalco Industries:* Company announced that its wholly owned subsidiary, Novelis Inc., is issuing $500 million in senior unsecured notes due 2030 via a private offering. (Neutral)

*Transchem Ltd:* Company announced the resignation of its CFO, Mr Mukesh Garach, and effective January 7, 2025. (Neutral)

*JSW Energy:* ICRA reaffirmed a rating of 'ICRA AA/Stable' for the company's Non-convertible Debentures and long-term Bank facilities (Neutral)

*UltraTech Cement:* Company gets GST order worth 1 crore along with interest. (Neutral)

*Berger Paints:* No material event or development to disclose in the matter of Akzo Nobel stake buy report (Neutral)

*Zee Media:* Company to consider raising funds by way of further public issue, QIP or other means. (Neutral)

*NTPC Green:* Company incorporates arm NTPC Rajasthan Green Energy as 74:26 JV of RVUNL & company (Neutral)

Stocks Picker Articles

08 Jan 2025 09:42

*TRANSFORMERS AND RECTIFIERS:* CO APPROVED BONUS IN RATIO 1:1. TRANSFORMERS AND RECTIFIERS: CO APPROVED QIP ISSUE OF 7.5B RUPEES (SUPPORTIVE FOR TARIL, HOWEVER NUMBERS WOULD ALSO IMPORTANT)

Stocks Picker Articles

08 Jan 2025 04:33

*Corporate Actions*

Jindal Worldwide has approved issue of bonus equity shares in the proportion of 4:1 i.e. 4 new equity shares for every 1 existing equity share held, subject to the approval of the shareholders of the Company.

Vantage Knowledge Academy has considered and recommended a Bonus Issue in the ratio of 2:1 i.e. 2 new Equity Shares for every 1 existing Equity Share held, subject to the approval of the shareholders of the Company.

*Dividend*

*10-Jan-25*
VTMLTD: Interim Dividend - Rs. - 0.25

*17-Jan-25*
TCS: Interim Dividend

*IPO*
Standard Glass Lining Technology: Open: 06-Jan-25; Close: 08-Jan-25
Quadrant Future Tek: Open: 07-Jan-25; Close: 09-Jan-25
Capital Infra Trust: Open: 07-Jan-25; Close: 09-Jan-25

*Buyback*
---

*Bonus*
Padam Cotton Yarns: Bonus Issue 1:1; Ex-Date: 08-Jan-25
Algoquant Fintech: Bonus Issue 1:2; Ex-Date: 08-Jan-25
Mayukh Dealtrade: Bonus Issue 3:5; Ex-Date: 17-Jan-25
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25

*Stock Split*
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
AA Plus Tradelink: Stock Split From Rs. 10/- to Rs. 1/-; 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
Shardul Securities: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Jan-25
Regis Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25
Nava: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 20-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25

*Right Issue*
Camlin Fine Sciences: Ex-Date: 08-Jan-25
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Murae Organisor: Open: 30-Dec-24; Close: 13-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Pro Fin Capital Services: Open: 09-Jan-25; Close: 24-Jan-24
Camlin Fine Sciences: Open: 17-Jan-25; Close: 27-Jan-24
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24

*Open Offer*
India Cements: Open: 08-Jan-25; Close: 21-Jan-24
Prataap Snacks: Open: 16-Jan-25; Close: 29-Jan-24

Stocks Picker Articles

08 Jan 2025 03:40

*Fund Houses Recommendations*


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

HSBC on *Bharti Airtel:* Maintain Buy on Company, target price at Rs 1940/Sh (Positive)

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

Bernstein on *Zydus Life:* Maintain Outperform on Company, target price at Rs 1365/Sh (Positive)

Jefferies on *GAIL:* Maintain Buy on Company, target price at Rs 235/Sh (Positive)

Jefferies on *M&M:* Maintain Buy on Company, target price at Rs 4075/Sh (Positive)

Jefferies on *Eicher Motors:* Maintain Buy on Company, target price at Rs 6600/Sh (Positive)

Jefferies on *TVS Motors:* Maintain Buy on Company, target price at Rs 3050/Sh (Positive)

Jefferies on *Reliance Ind:* Maintain Buy on Company, target price at Rs 1690/Sh (Positive)

Macquarie on *HDFC Bank:* Maintain Outperform on Bank, target price at Rs 1900/Sh (Positive)

Nuvama on *Dr Reddy’s Lab:* Upgrades to Buy on Company, target price at Rs 1553/Sh (Positive)

Nuvama on *DOMS:* Maintain Buy on Company, target price at Rs 3210/Sh (Positive)

JM Fin on *Bajaj Finance:* Maintain Buy on Company, target price at Rs 8900/Sh (Positive)

JM Fin on *SBI Life:* Maintain Buy on Company, target price at Rs 1880/Sh (Positive)

JM Fin on *Gravita:* Maintain Buy on Company, target price at Rs 3200/Sh (Positive)

JM Fin on *Britannia:* Maintain Buy on Company, target price at Rs 6050/Sh (Positive)

JM Fin on *Larsen:* Maintain Buy on Company, target price at Rs 4400/Sh (Positive)

JP Morgan on *Financials:* Supportive policy, EPS upgrades likely for *SBI, BoB, PNB*. Capex over consumption theme. (Positive)

Jefferies on *Auto:* Remain positive on Indian autos; prefer 2Ws & tractors over PVs & trucks. (Positive)

Emkay on *Paytm:* Targeting 100mn MTU in 12-18M. Positive post-NPCI approval, GMV growth to rise by Q3FY25. (Neutral)

Bernstein on *Reliance Ind:* Maintain Outperform on Company, target price at Rs 1520/Sh (Neutral)

Jefferies on *Hero Motocorp:* Maintain Buy on Company, cut target price at Rs 4900/Sh (Positive)

Jefferies on *Bajaj Auto:* Maintain Buy on Company, cut target price at Rs 10350/Sh (Positive)

Citi on *Info edge:* Maintain Buy on Company, target price at Rs 8850/Sh (Neutral)

Citi on *Nuvoco:* Maintain Sell on Company, target price at Rs 300/Sh (Negative)

Stocks Picker Articles

08 Jan 2025 03:39

*Stocks in News*


*Tata Technologies:* Company and Telechips signs a strategic MoU to innovate solns for next-gen software-defined vehicles (SDVs). (Positive)

*Exicom:* Company partners with Mufin GreenInfra to drive the expansion of EV Charging Solutions in India (Positive)

*RVNL:* Company signs MoU with Dubai’s GBH International Contracting LCC to explore business opportunities in civil infra sector in GCC countries (Positive)

*Maruti:* Company announces its blueprint for electric mobility, christened ‘e For Me’ (Positive)

*UniHealth Hospitals:* Company announced the launch of its first multi-specialty hospital in Navi Mumbai, India (Positive)

*SPP Polymer:* Company has signed an MOU with the Uttar Pradesh government to set up a new project with an investment of around Rs 50 crores. (Positive)

*Power Finance:* SPV Company Incorporated As Subsidiary of PFC Consulting (Positive)

*Mazda Ltd:* Company announces a stock split, one share will be split into five shares and Record date will be 28th January 2025. (Positive)

*IKIO lighting:* Company has formed a joint venture with AG Investment Holdings and others to expand market reach and accelerates business growth (Positive)

*Ceinsys Tech:* Company rebrands to CS Tech AI, embraces AI-driven future (Positive)

*WPIL:* Company announced the acquisition of Misa S.R.L., an Italian company, by its European subsidiary, Gruppo Aturia. (Positive)

*NTPC:* Company incorporates Wholly Owned Subsidiary for Nuclear Energy (Positive)

*Tata Steel Q3:* India production rises 6%, deliveries at record levels (Positive)

*Jindal Worldwide:* Board approves bonus issue of 4 shares for every 1 share held (Positive)

*CESC:* Company awards contract for 150 MW Wind-Solar Hybrid Power Project. (Positive)

*Oil upstream stocks:* Crude oil prices firming up to $77/ barrel (Positive)

*Ola Electric:* Karnataka High Court grants six weeks extension to Ola Electric to submit response on CCPA seeking additional docs (Neutral)

*Signature Global:* Company appoints Sanjeev kumar Sharma as CFO of the company w.e.f January 7 (Neutral)

*SBI:* Bank appoints Baldev Prakash as DMD and Group Chief Risk Officer of the bank (Neutral)

*Adani Power:* Care Ratings Limited has assigned a CARE AA: Stable credit rating to its proposed Rs 5,000 crore Non-Convertible Debentures (Neutral)

*Adarsh Mercantile:* Company announced the resignation of its Company Secretary, Ms. Radhika Mayaramka, and effective February 1, 2025. (Neutral)

*Supreme Facility Management:* Company announced the appointment of Mr. Anshuman Singh Tomar as its Company Secretary and Compliance Officer, effective January 7, 2025. (Neutral)

*Hindustan Zinc:* ICRA assigned an A1+ rating to its ₹5,000 crore commercial paper. (Neutral)

*COSMO First:* Company announced the appointment of Mr. Neeraj Kumar Sharma as Vice President- Taxation and Corporate Affairs, effective January 7, 2025. (Neutral)

*Wisec Global:* Company appointed Mr Devendra Singh as its new Chief Financial Officer, effective January 7, 2025. (Neutral)

*Orissa Minerals Development:* Company Suspends Chief Financial Officer Ramakanta Behera (Neutral)

*Vedanta Ltd:* Company received an order from the tax authority in Ahmedabad for a penalty of Rs 2.24 cr for excess credit availment and failure to reverse ITC (Neutral)

*Transchem Ltd:* Company announced the resignation of its CFO, Mr Mukesh Garach, and effective January 7, 2025. (Neutral)

*Equinox India:* Company secures NCLAT approval for merger with Embassy Group entities. (Neutral)

*Purvankara:* Company appoints Deepak Rastogi as the group CFO of the company w.e.f January 15. (Neutral)

*Berger Paints:* No material event or development to disclose in the matter of Akzo Nobel stake buy report (Neutral)

*Escort Kubota:* Company announced the appointment of Mr. Kohei Kawabe as Chief Officer of the Engine Business Division (Neutral)

*ICICI Lombard:*GDPI decline of 1% YoY vs -3% MoM (Neutral)

Stocks Picker Articles

07 Jan 2025 04:19

*Corporate Actions*

Indo Farm Equipment is set to make stock market debut today, January 07. The issue price is fixed at Rs. 215 per share.

*Dividend*

*10-Jan-25*
VTMLTD: Interim Dividend - Rs. - 0.25

*17-Jan-25*
TCS: Interim Dividend

*IPO*
Standard Glass Lining Technology: Open: 06-Jan-25; Close: 08-Jan-25
Quadrant Future Tek: Open: 07-Jan-25; Close: 09-Jan-25
Capital Infra Trust: Open: 07-Jan-25; Close: 09-Jan-25

*Buyback*
---

*Bonus*
Padam Cotton Yarns: Bonus Issue 1:1; Ex-Date: 08-Jan-25
Algoquant Fintech: Bonus Issue 1:2; Ex-Date: 08-Jan-25
Mayukh Dealtrade: Bonus Issue 3:5; Ex-Date: 17-Jan-25
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25

*Stock Split*
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
AA Plus Tradelink: Stock Split From Rs. 10/- to Rs. 1/-; 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
Shardul Securities: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Jan-25
Regis Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 16-Jan-25
Jai Balaji Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 17-Jan-25
Nava: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 20-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25

*Right Issue*
Nibe Ordnance and Maritime: Ex-Date: 07-Jan-25
Camlin Fine Sciences: Ex-Date: 08-Jan-25
Aastamangalam Finance: Open: 27-Dec-24; Close: 07-Jan-25
Sikko Industries: Open: 24-Dec-24; Close: 07-Jan-25
Moksh Ornaments: Open: 30-Dec-24; Close: 10-Jan-25
Murae Organisor: Open: 30-Dec-24; Close: 13-Jan-25
Quasar India: Open: 20-Dec-24; Close: 17-Jan-25
Pro Fin Capital Services: Open: 09-Jan-25; Close: 24-Jan-24
Camlin Fine Sciences: Open: 17-Jan-25; Close: 27-Jan-24
Dhanlaxmi Bank: Open: 08-Jan-25; Close: 28-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24

*Open Offer*
India Cements: Open: 08-Jan-25; Close: 21-Jan-24

Stocks Picker Articles

07 Jan 2025 03:33

*Fund Houses Recommendations*


Citi on *Phoenix Mills:* Maintain Buy on Company, target price at Rs 1960/Sh (Positive)

Incred on *Shriram Fin:* Maintain Buy on Company, target price at Rs 4250/Sh (Positive)

Jefferies on *Biocon:* Upgrade to Buy on Company, raise target price at Rs 400/Sh (Positive)

Citi on *IGL:* Maintain Buy on Company, target price at Rs 450/Sh (Positive)

Citi on *Hyundai:* Initiate Buy on Company, target price at Rs 2250/Sh (Positive)

Nomura on *Macrotech:* Maintain Buy on Company, target price at Rs 1600/Sh (Positive)

Equirus on *Arvind Fashions:* Maintain Buy on Company, target price at Rs 753/Sh (Positive)

CLSA on *ONGC:* Maintain Outperform on Company, target price at Rs 360/Sh (Positive)

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

Incred on *Sugar stocks:* Reiterate our bullish stance on grain-based ethanol backed by strong order inflow from oil marketing companies (OMCs). (Positive)

Nomura on *Cement:* Pan-India trade prices rise by ₹2/bag to ₹343 in Jan. Prefer *Ultratech, Ambuja, Ramco and Shree Cem* (Positive)

Bernstein on *India Strategy:* *Infosys, TCS, Bharti Airtel, Zomato, Coforge and Persistent* are top picks (Positive)

Jefferies on *Pharma:* CY25, we prefer the predictable and sustainable businesses versus the volatile generic names especially with higher exposure to gRevlimid. *Mankind, JB Chem and Sun Pharma* are top picks (Positive)

Jefferies on *Consumer stocks:* *Godrej CP, Dabur and Marico* are top picks (Positive)

Citi on *Sobha:* Maintain Sell on Company, target price at Rs 1450/Sh (Neutral)

Jefferies on *Blue Star:* Downgrade to Hold on Company, target price at Rs 2340/Sh (Positive)

Citi on *Titan:* Maintain Neutral on Company, target price at Rs 3600/Sh (Neutral)

Jefferies on *HUL:* Maintain Buy on Company, target price at Rs 3175/Sh (Neutral)

Jefferies on *Nestle:* Maintain Hold on Company, target price at Rs 2350/Sh (Neutral)

Jefferies on *Britannia:* Maintain Buy on Company, target price at Rs 5710/Sh (Neutral)

Jefferies on *Godrej CP:* Maintain Buy on Company, target price at Rs 1425/Sh (Neutral)

Jefferies on *Zomato:* Downgrade to Hold on Company, target price at Rs 275/Sh (Neutral)

Stocks Picker Articles

07 Jan 2025 03:32

*Stocks in News*


*Zydus Life:* US FDA Accepts For Filing and Grants Priority Review to Zydus Life’s US-based Arm & Fortress Bio’s NDA for CUTX-101. (Positive)

*Jubilant Food:* Company projects 56.2% year-on-year growth in Q3 revenue (Positive)

*Akzo Nobel:* Parent entity, Akzo Nobel NV (ANNV), has proposed a strategic evaluation of its powder coatings business and international research centre (Positive)

*Caplin Point:* Company received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (Positive)

*Zaggle:* Company has entered into an agreement with Kiranakart Technologies Private Limited (Positive)

*Power Grid:* Company declared successful bidder for 2 projects to establish interstate transmission system under build, own operate & transfer (BOOT) Basis. (Positive)

*Coal India:* Company signs non-binding MoU with IREL (India) to collaborate for Mining, Extraction & Refining (Positive)

*NSECO:* Company declared highest bidder for Wayside Amenities on Bengaluru Chennai Expressway by NHAI (Positive)

*M&M Finance:* Company in the process of restructuring its housing arm (Positive)

*Ashoka Buildcon:* Arm inks contract with NHAI for ₹1,391-crore West Bengal project (Positive)

*Bansal Roofing:* Company announced the commencement of commercial production at Phase IV of its UNIT-II in Vadodara, Gujarat, on January 6, 2025. (Positive)

*Titagarh Rail:* Company announced the delivery of its first driverless, Made-in-India trainset to Bengaluru Metro’s Yellow Line (Positive)

*Vakrangee:* Company and Bank Baroda renew agreement for providing Banking services (Positive)

*S H Kelkar:* Consolidated Revenue for 9 Months FY2025 at Rs 15.48 billion, up 17% (YoY) (Positive)

*Nuvoco Vistas:* Company emerges as the Successful Resolution Applicant in relation to the Corporate Insolvency Resolution Process of Vadraj Cement' (Positive)

*Insecticides India:* Company has launched Centran, a new insecticide with a dual-action formula to control stem borers in paddy, promoting healthier crops and improved productivity. (Positive)

*Artefact Projects:* Company announced the award of a significant consultancy contract. Contract Value is Approximately Rs. 4.82 Cr (Positive)

*Insolation Energy:* Company Incorporated a new subsidiary to focus on solar power (Positive)

*Tinna Rubber & Infra:* Company announced the release of a corporate guarantee of Rs 60.65 Cr Provided to Fratelli Vineyards Limited (Neutral)

*Info Edge:* Recruitment Billing biz up 15 % to 494 cr (YoY), flat % (QoQ) (Neutral)

*John Cockerill:* Company inform the appointment of Mr. Mithaleshwar Yadav as Vice President Sales with effect from January 6, 2025 (Neutral)

*Ador Welding:* Company announced the appointment of Mr. Lajpat Yadav as COO - India Welding Business, effective January 6, 2025. (Neutral)

*Persistent Systems:* Company announced the acquisition of select assets from Soho Dragon Solutions India Private Limited. Acquisition Cost is $5.94 Million. (Neutral)

*Bharti Airtel:* Company to sell 50% stake in firefly networks; firefly to cease being joint venture of Bharti Airtel, Consideration for sale is Rs 45 million (Neutral)

*Vodafone Idea:* Company enters into share purchase agreement with iBUS Network and Infrastructure (Neutral)

*Adani Enterprises:* Arm Adani Petrochemicals incorporates JV co ‘Valor Petrochemicals’ with Thailand’s Indorama Resources. (Neutral)

*Bandhan Bank:* Manoj Kumar Mauni resigns as Chief Technology Officer of the bank, w.e.f., January 6, 2025 (Neutral)

*BPCL/GAIL/IGL:* Maharashtra Natural Gas Limited (MNGL), a joint venture of BPCL, GAIL, and IGL, is preparing to list through an IPO of over Rs. 1000 crore (Neutral)

*Steel companies:* Steel Ministry launches second round of PLI Scheme for Specialty Steel, termed as PLI Scheme 1.1. (Neutral)

*Piramal Pharma:* Company appoints Sai Ramana Ponugoti as CEO, India Consumer Healthcare effective today. (Neutral)

Stocks Picker Articles

06 Jan 2025 04:42

GODREJ PROPERTIES, SOBHA ; Bengaluru Real Estate channel check- Emkay Global

Launches have been very muted.
Large brands managed to launch 1 project by end of Q3.

Q3FY25 pre-sales performance would largely be driven by sustenance sales.

YoY growth likely to remain flattish.
Developers that had a strong launch in the base year are likely to report de-growth.

Demand continues to be strong.
Traction (footfalls) remain higher for all categories except affordable housing.

Inventory overhang currently is at one of the lowest levels in the last 15 yrs.

Stocks Picker Articles

06 Jan 2025 04:19

*Forthcoming Event*

06th January: Palco Metals to consider Scheme of Arrangement; Abate AS Industries to consider Fund Raising

07th January: Jindal Worldwide to consider Bonus issue; Vantage Knowledge Academy to consider Dividend & Bonus issue; Aavas Financiers, Afloat Enterprises, California Software, GACM Technologies, Shakti Pumps (India) to consider Fund Raising

08th January: Transformers And Rectifiers (India) to consider Bonus issue & Fund Raising; Celebrity Fashions, Kellton Tech Solutions to consider Fund Raising; CES to consider Voluntary Delisting

09th January: TCS to consider Dividend; Baid Finserv, Apollo Micro Systems to consider Fund Raising

10th January: CESC, PCBL to consider Dividend; TeleCanor Global to consider Fund Raising

13th January: HCLTECH to consider Dividend; Swagtam Trading & Services to consider Fund Raising

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

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

21st January: KEI to consider Dividend

22nd January: COFORGE to consider Dividend