Stocks Picker Articles

24 Jan 2025 03:15

*News Headlines from Business News Agencies:*

*Business Standard*

📝 India, US, West Asia to add 100 GW solar capacity in 2025: Wood Mac report
📝 Bank NPAs may dip to 2.4% by March 2025 despite retail stress: Fitch
📝 Net office leasing may rise 10-11% in FY25 across 6 major cities: Icra
📝 India, UK renew five-year partnership to strengthen health cooperation
📝 Master Builders Solutions targets Rs 500 crore annual turnover by 2028
📝 UltraTech Cement Q3 result: Profit down 17% at Rs 1,470 cr, revenue up 3%
📝 JLR owner says profits hurt by China's economic slowdown, local competition
📝 JSW Steel seeks syndicated loan of up to $900 mn from international lenders
📝 Mazagon Dock confirms the MoD opened its bid for Project 75(1) and is negotiating for 3 more submarines under Project 75
📝 Reliance to invest Rs 3.05 trillion in Maharashtra, creating 300k jobs
📝 BPCL sees March Russian oil intake down 20% as it awaits traders' offers
📝 India's digital economy set to overtake agriculture, mfg by 2030: MeitY


*Economic Times*

📝 Blackstone partners with Telangana govt to develop Rs 4,500 cr-Data Centre in Hyderabad
📝 Jindal India Renewable Energy scouts for acquisition to expand portfolio to 5 GW
📝 India set to raise farm budget by over 15%, biggest increase in six years
📝 General Atlantic CEO says he is optimistic on TikTok deal in the US
📝 Mahindra Lifespace acquires 8.2-acre land in Bengaluru for Rs 1,000 crore housing project
📝 US fintech firm Broadridge to boost India headcount by 26% in 3 years, top executive says
📝 JSW Defence signs MoU with Telangana for Rs 800 crore UAV manufacturing plant
📝 Indian exporters chasing quick buck stung as rupee slide unravels exotic trades
📝 DPIIT inks pact with Apna to boost startup talent
📝 IREDA board approves fundraising of up to Rs 5,000 crore via QIP
📝 Nuvama-Cushman & Wakefield JV raises Rs 1,700 crore for investment in office assets
📝 Centre may upgrade IRCTC to Navratna status: CMD

*Mint*

📝 Maruti Suzuki to hike prices from ₹1,500 to ₹32,500 across models from Feb
📝 India set to raise farm budget by over 15%, biggest increase in six years
📝 Govt should announce an MF product like budget 2013 to drive financial inclusion
📝 Govt's 'Open Network for Digital Commerce' to drive India's next wave of entrepreneurial innovation: Report
📝 Karamtara Engineering files draft papers with SEBI for ₹1,750 crore IPO
📝 BBVA Set to Name New Internal Chief for Banco Sabadell Deal
📝 US fintech firm Broadridge to boost India headcount by 26% in 3 years, top exec says
📝 HSBC's payments app closure puts around 400 jobs at risk, source says
📝 Infra.Market raises over $120 mn at $2.7 bln valuation, taps bankers for an IPO
📝 ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
📝 Budget should announce tax cuts for individuals to boost consumption: Barclays

Stocks Picker Articles

24 Jan 2025 03:15

*Stocks in News*


*V2 Retail:* Net profit at Rs 50.9 cr vs Rs 24.1 cr, Revenue at Rs. 590 cr vs Rs 374 cr (YoY) (Positive)

*IEX:* Net profit at Rs 107.3 cr vs Rs 91.8 cr, Revenue at Rs. 132 cr vs Rs 115.3 cr (YoY) (Positive)

*Thyrocare:* Net profit at Rs 19 cr vs Rs 14.7 cr, Revenue at Rs. 166 cr vs Rs 134 cr (YoY) (Positive)

*MPS Ltd:* Net profit at Rs 40.7 cr vs Rs 29.7 cr, Revenue at Rs. 186 cr vs Rs 133 cr (YoY) (Positive)

*Indus Tower:* Net Profit at Rs 4,003.2 Cr Vs Rs 1,540.5 Cr, Revenue at Rs 7,547.4 Cr Vs Rs 7,199 Cr (YoY) (Positive)

*SG Mart:* Net profit at Rs 28 cr vs Rs 17 cr, Revenue at Rs. 1345 cr vs Rs 748 cr (YoY) (Positive)

*Sona BLW:* Net profit at Rs 151 cr vs Rs 133 cr, Revenue at Rs. 868 cr vs Rs 782 cr (YoY) (Positive)

*EFC:* Net profit at Rs 37.9 cr vs Rs 16.5 cr, Revenue at Rs. 177 cr vs Rs 172 cr (YoY) (Positive)

*Amber Enterprises:* Net profit at Rs 37 cr vs poll of Rs 23 cr, Revenue at Rs. 2133.3 cr vs poll of Rs 1722 cr. (Positive)

*Capri Global:* Net profit at Rs 108 cr vs Rs 51.3 cr, NII up 12% at Rs 350.6 cr vs Rs 312.7 cr (YoY) (Positive)

*Solar Industries:* Company to invest Rs 12,700 crore in Nagpur defence and aerospace project (Positive)

*Kesoram Ind:* UltraTech Cement indicated to invest Rs 400-500 cr in Kesoram going ahead. (Positive)

*Intellect Design:* Central 1 credit union and Company’s subsidiary signed an agreement, intellect to assume responsibility for central 1's digital banking operations. (Positive)

*Adani Wilmar:* Commencement of operations at its food processing plant in Gohana. (Positive)

*IndiGo:* December Market Share At 64.4% Vs 63.6% (MoM). (Positive)

*Indus towers:* Company to enter EV charging infrastructure sector. (Positive)

*Jyoti Structures:* Company gets notification of award for a project worth Rs 741.28 crore from Power Grid. (Positive)

*HFCL:* Company has successfully secured Advance Purchase Orders aggregating to Rs 2,167.65 Crores for supply of Optical Fiber Cables. (Positive)

*MPhasis:* Net Profit Up 1% At Rs 427.8 Cr Vs Rs 423.3 Cr, Revenue Up 0.7% At Rs 3,561.3 Cr Vs Rs 3,536.1 Cr (QoQ) (Neutral)

*HPCL:* Net profit at Rs 3023 cr vs poll of Rs 2945 cr, Revenue at Rs. 1.10 lakh cr vs poll of Rs 1.10 lakh cr (Neutral)

*United Spirits:* Net profit at Rs 335 cr vs poll of Rs 405 cr, Revenue at Rs. 3433 cr vs poll of Rs 2840 cr (Neutral)

*Cyient:* Net profit at Rs 122.3 cr vs Rs 179 cr, Revenue at Rs. 1926.4 cr vs Rs 1849.1 cr (QoQ). (Neutral)

*Greaves Cotton:* Net profit at Rs 20.8 cr vs Rs 58 cr, Revenue at Rs. 750.6 cr vs Rs 665.4 cr (YoY). (Neutral)

*Kfin Tech:* Net profit at Rs 90.2 cr vs Rs 89.3 cr, Revenue at Rs. 290 cr vs Rs 280 cr (QoQ) (Neutral)

*Nippon Life India:* Net profit at Rs 296 cr vs Rs 264.7 cr, Revenue at Rs. 545.4 cr vs Rs 392.3 cr (YoY) (Neutral)

*Mankind:* Net profit at Rs 380.2 cr vs Rs 453.8 cr, Revenue at Rs 3,230 cr vs Rs 2,607 cr (YoY) (Neutral)

*Kotak Mahindra Bank:* Bank acquires personal loan book of Standard Chartered Bank, India, for Rs 3,330 crore. (Neutral)

*HG Infra:* Company incorporates arm ‘HG Bahuvan Jagarnathpur Highway’ for a project worth Rs 763.1 crore in Uttar Pradesh. (Neutral)

*Zydus Wellness:* Company subsidiary received a Rs 9.35 million penalty order from Punjab authorities for alleged tax short payment (FY 2017-18) (Neutral)

*LTIMindtree:* Company announced the closure of its wholly-owned subsidiary, LTIMindtree LLC, in the USA, effective January 21, 2025. (Neutral)

*Tata Motors:* JLR recalls 28370 vehicles due to technical issues in rearview cameras. (Neutral)

*JSW Energy:* Board meeting on Jan 28 to consider a fund raise (Neutral)

*Reliance Ind:* Reliance Group is building a massive data center in India with a capacity of 3 gigawatts, which would be the largest in the world. (Neutral)

*Kotak Bank:* Acquires personal book of Standard Chartered Bank for Rs 3330 cr (Neutral)

Stocks Picker Articles

23 Jan 2025 08:56

PERSISTENT SYSTEMS Q3 Result

NET PROFIT UP 15 % AT 372 CR (QOQ) , UP 30 % (YOY)

REVENUE UP 6 % AT 3062 CR (QOQ) , UP 23 % (YOY)

EBIT UP 12 % AT 456 CR (QOQ) ,UP 26 % (YOY)

MARGINS AT 14.9 % V 14.03 % (QOQ) , 14.5 % (YOY)

Stocks Picker Articles

23 Jan 2025 04:39

Corporate Actions

Stallion India Fluorochemicals is set to make stock market debut today, January 23. The issue price is fixed at Rs. 90 per share.

Dividend

24-Jan-25
MASTEK: Interim Dividend - Rs. - 7.00
WAAREERTL: Interim Dividend - Rs. - 1.00
DCMSHRIRAM: Interim Dividend
VIDHIING: Interim Dividend

27-Jan-25
KEI: Interim Dividend


IPO
Denta Water and Infra Solutions: Open: 22-Jan-25; Close: 24-Jan-25

Buyback
---

Bonus
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25

Stock Split
Insolation Energy: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 24-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25
Mazda: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 28-Jan-25
Kiduja India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 31-Jan-25
Senco Gold: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 31-Jan-25
JBM Auto: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 31-Jan-25
Mohite Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 31-Jan-25
Rama Phosphates: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 07-Feb-25

Right Issue
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
California Software: Open: 24-Jan-25; Close: 31-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Globe Textiles (India): Open: 24-Jan-25; Close: 06-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24
Ultracab (India): Open: 28-Jan-25; Close: 11-Feb-24
Iel: Open: 04-Feb-25; Close: 21-Feb-24

Open Offer
Prataap Snacks: Open: 16-Jan-25; Close: 29-Jan-24
Religare Enterprises: Open: 27-Jan-25; Close: 07-Feb-24

Stocks Picker Articles

23 Jan 2025 03:50

*Fund Houses Recommendations*


CLSA on *Dr Lalpathlabs:* Upgrade to Outperform on company, raise target price at Rs 3240/Sh versus Rs 3110/Sh (Positive)

Macquarie on *Polycab:* Maintain Outperform on Company, target price at Rs 7928/Sh (Positive)

Citi on *Polycab:* Maintain Outperform on Company, target price at Rs 8600/Sh (Positive)

Jefferies on *Polycab:* Maintain Buy on Company, target price at Rs 9220/Sh (Positive)

MS on *Polycab:* Maintain Overweight on Company, target price at Rs 7537/Sh (Positive)

Bernstein on *HDFC Bank:* Maintain Outperform on Bank, target price at Rs 2300/Sh (Positive)

Citi on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 2080/Sh (Positive)

MS on *HDFC Bank:* Maintain Overweight on Bank, target price at Rs 1965/Sh (Positive)

Nuvama on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 1950/Sh (Positive)

MOSL on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 2050/Sh (Positive)

BofA on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 2020/Sh (Positive)

Nomura on *Persistent:* Maintain Buy on Company, target price at Rs 7000/Sh (Neutral)

Jefferies on Auto – Positive on Indian auto; prefers *M&M, Eicher Motors, and TVS Motor* with strong market share trends. (Positive)

CLSA on *Auro Pharma:* Upgrade to Outperform on company, cuts target price at Rs 1400/Sh versus Rs 1540/Sh (Neutral)

UBS on *HUL:* Maintain Neutral on Company, cuts target price at Rs 2700/Sh versus Rs 2800/Sh (Neutral)

UBS on *HUL:* Maintain Neutral on Company, target price at Rs 2700/Sh (Neutral)

GS on *HUL:* Maintain Neutral on Company, target price at Rs 2480/Sh (Neutral)

Nuvama on *HUL:* Maintain Buy on Company, cuts target price at Rs 3225/Sh versus Rs 3395/Sh (Neutral)

Nuvama on *Persistent:* Maintain Neutral on Company, target price at Rs 6200/Sh (Neutral)

Emkay on *Persistent:* Maintain Reduce on Company, target price at Rs 5300/Sh (Neutral)

Jefferies on *BPCL:* Maintain Buy on Company, cuts target price at Rs 370/Sh (Neutral)

HSBC on *VBL:* Maintain Buy on Company, cuts target price at Rs 680/Sh (Neutral)

CLSA on *HDFC Bank:* Maintain Hold on Bank, target price at Rs 1785/Sh (Neutral)

Investec on *HDFC Bank:* Maintain Hold on Bank, target price at Rs 1650/Sh (Neutral)

Macquarie on *Pidilite:* Maintain Underperform on Company, target price at Rs 2600/Sh (Neutral)

CLSA on *HUL:* Maintain Underperform on Company, cuts target price at Rs 1924/Sh (Negative)

CLSA on *Dr Reddy's Lab:* Downgrade to Underperform on company, cuts target price at Rs 1090/Sh versus Rs 1140/Sh (Negative)

Stocks Picker Articles

23 Jan 2025 03:12

*Laurus Labs:* Company gets US FDA Issues Form 483 With 1 Observations For Company’s arm In New Jersey, USA (Neutral)

*Crop Life Science:* Company’s CFO, Mrs. Sunita Sebastian Gonsalves, resigned on January 22, 2025, effective February 8, 2025, due to personal reasons. (Neutral)

*Trident Lifeline:* Company has announced a postponement in its acquisition of Trident Mediquip Limited. (Neutral)

*Mazdock:* No Such Contract Is Signed Between Company and JNPA. Company Says However, Discussion with JNPA Is In Preliminary Stage With Regard to the Solar Cell Powered Boat Built By MDL. (Neutral)

*Shiva Cement:* Company announces a postal ballot for transaction involves JSW Cement Limited providing a corporate guarantee to DBS Bank for a loan up to Rs 250 crore for Shiva Cement. (Neutral)

*BPCL:* Board approves submission of development plan to the Indonesian regulator for development of Nunukan block for oil & gas reserves. (Neutral)

*Sammaan Capital:* Company opens QIP, sets floor price at ₹151.09/sh (Neutral)

Stocks Picker Articles

23 Jan 2025 02:43

*News Headlines from Business News Agencies:*

*Business Standard*

📝 HUL announces demerger of Kwality Wall's ice cream biz into listed entity
📝 UPI-enabled credit cards see 20% monthly growth, users avg 40 transactions
📝 India's hiring up 31% in Dec, led by consumer electronics, manufacturing
📝 IESA projects $500 mn investment in India's battery, mobility ecosystem
📝 Our capability centres turned into innovation hubs: Indian leaders at Davos
📝 India 2nd largest market for US in terms of tourist arrivals: Brand USA CEO
📝 Path beyond diesel engines depends on various factors: Cummins India Head
📝 EPFO adds 1.46 million net members in November, new additions rise 4.88%
📝 Budget 2025: Ed-tech sector seeks tax relief, funds for AI-driven education
📝 NIIT MTS Q3 results: Net profit increases 9% to Rs 61.7 cr, revenue up 7%
📝 Tata Communications Q3: Profit rises 424% at Rs 236 cr, revenue up 3.8%
📝 JSW Steel Q3 Preview: Profit may plunge up to 80%, Ebitda to drop 30% YoY

*Economic Times*

📝 EU's top diplomat back Donald Trump call to boost defence spending
📝 Hudco board approves exit from Ind Bank Housing
📝 NRAI calls on restaurants to adopt ONDC to counter 10-minute delivery by Zomato, Swiggy
📝 ECB policymakers line up behind rate cuts
📝 Zeelab Pharmacy raises $2.4 million from OTP Ventures
📝 Centre to expand network of stroke units across country
📝 Avaada Group receives financial commitments worth Rs 8,500 crore for 9 projects
📝 China's navy commission’s new-generation frigate as competition rises with US and others
📝 ISRO dispatches crew module for first uncrewed mission of Gaganyaan
📝 Polycab India Q3 results: PAT rises 11% YoY to Rs 464 cr; stock down over 6%
📝 Japan Inc will struggle to follow SoftBank's lead and go big with Trump
📝 Sebi proposes small ticket SIP with minimum investment of Rs 250 per month

*Mint*

📝 HUL to list demerged ice cream biz of Kwality Walls shares, 1:1 ratio declared
📝 Reliance Consumer Products acquires jams and sauces brand SIL
📝 Industry body IH2A seeks increased budgetary allocation of USD 2.5 bn for NGHM in Budget
📝 BPCL Q3 Results: Net profit rises 36.85% yoy to ₹4649 crore
📝 NSE adds 1 crore investors in 5 months; surpasses 11 cr mark
📝 BTL EPC Ltd Secures Back-to-Back Orders Worth ₹1200 Cr from Adani Power and NTPC
📝 Govt raises raw jute MSP by 6 pc to ₹5,650/ quintal
📝 HDFC Bank Q3 results: Net profits rise 2% YoY to ₹16,735.5 crore
📝 Bankers Pitch Up to €1 Billion Debt for Buyout of Karo Healthcare Sale
📝 Moody's Ratings changes Bharti Airtel's outlook to positive; affirms Baa 3 ratings

Stocks Picker Articles

23 Jan 2025 02:43

*Q3FY25 EARNING CALENDAR 23.01.2025*

ACGL, ADANIENSOL, *ADANIGREEN*, ALIVUS, AMBER, CGCL, CYIENT, *DRREDDY*, EFCIL, GREAVESCOT, IEX, *INDUSTOWER*, IONEXCHANG, JAYNECOIND, KFINTECH, *MANKIND*, *MPHASIS*, MPSLTD,*NAM-INDIA*, RAJRATAN, SENORES, SGMART, *SONACOMS*, SPANDANA, SURYODAY, SYNGENE, TEJASNET, THYROCARE, TTML, UJJIVANSFB, *ULTRACEMCO*, *UNITDSPR*, V2RETAIL, ZEEL

*DRREDDY* YoY
* Revenue expected at Rs 8083 crore versus Rs 7236 crore
* EBITDA expected to be seen at Rs 2250 crore versus Rs 2023 crore
* EBITDA margin expected to be seen at 27.84% versus 27.96%
* Net profit expected to be seen at Rs 1457 crore versus Rs 1380 crore

*INDUSTOWER* YoY
* Revenue expected at Rs 7589 crore versus Rs 7199 crore
* EBITDA expected to be seen at Rs 4363 crore versus Rs 3720 crore
* EBITDA margin expected to be seen at 57.49% versus 51.68%
* Net profit expected to be seen at Rs 1861 crore versus Rs 1540 crore

*MANKIND* YoY
* Revenue expected at Rs 3237 crore versus Rs 2607 crore
* EBITDA expected to be seen at Rs 827 crore versus Rs 611 crore
* EBITDA margin expected to be seen at 25.55% versus 23.44%
* Net profit expected to be seen at Rs 446 crore versus Rs 453 crore

*MPHASIS* QoQ
* Revenue expected at Rs 3568 crore versus Rs 3536 crore
* EBIT expected to be seen at Rs 542 crore versus Rs 544 crore
* EBIT margin expected to be seen at 15.20% versus 15.38%
* Net profit expected to be seen at Rs 425 crore versus Rs 423 crore

*NAM-INDIA* YoY
* Revenue expected at Rs 583 crore versus Rs 423 crore
* Net profit expected to be seen at Rs 360 crore versus Rs 284 crore

*SONACOMS* YoY
* Revenue expected at Rs 867 crore versus Rs 776 crore
* EBITDA expected to be seen at Rs 236 crore versus Rs 232 crore
* EBITDA margin expected to be seen at 27.22% versus 29.94%
* Net profit expected to be seen at Rs 149 crore versus Rs 132 crore

*ULTRACEMCO* YoY
* Revenue expected at Rs 16727 crore versus Rs 16740 crore
* EBITDA expected to be seen at Rs 2723 crore versus Rs 3254 crore
* EBITDA margin expected to be seen at 16.28% versus 19.44%
* Net profit expected to be seen at Rs 1268 crore versus Rs 1777 crore

*UNITDSPR* YoY
* Revenue expected at Rs 3341 crore versus Rs 3002 crore
* EBITDA expected to be seen at Rs 563 crore versus Rs 486 crore
* EBITDA margin expected to be seen at 16.85% versus 16.21%
* Net profit expected to be seen at Rs 389 crore versus Rs 350 crore


*Q3FY25 EARNING CALENDAR 24.01.2025*

ADORWELD, ALKYLAMINE, ARKADE, ASALCBR, ATUL, *AUBANK*, BANKINDIA, BIRLAMONEY, CENTRUM, CREDITACC, DAMCAPITAL, DCBBANK, *DLF*, EMSLIMITED, FEDFINA, GARGI, *GODREJCP*, GRANULES, GREENPOWER, GRPLTD, *HINDPETRO*, *INDIGO*, INTELLECT, JINDALSAW, *JSWSTEEL*, LAURUSLABS, LMW, NIITLTD, ORIENTCEM, POCL, RPGLIFE, SAGCEM, SASKEN, SHAKTIPUMP, SHARDACROP, SHREDIGCEM, *SHRIRAMFIN*, SOLARA, STEELXIND, SUPRIYA, SUVEN, TANFACIND, *TORNTPHARM*, TOTEM, TRIDENT, TTKHLTCARE, UGROCAP, VIMTALABS, VISHNU

*AUBANK* YoY
* NII expected at Rs 2026 crore versus Rs 1324 crore
* EBIT expected to be seen at Rs 1106 crore versus Rs 657 crore
* EBIT margin expected to be seen at 41.86% versus 49.60%
* Net profit expected to be seen at Rs 520 crore versus Rs 375 crore

*DLF* YoY
* Revenue expected at Rs 1707 crore versus Rs 1521 crore
* EBITDA expected to be seen at Rs 668 crore versus Rs 504 crore
* EBITDA margin expected to be seen at 39.13% versus 33.19%
* Net profit expected to be seen at Rs 1128 crore versus Rs 656 crore

*GODREJCP* YoY
* Revenue expected at Rs 3719 crore versus Rs 3659 crore
* EBITDA expected to be seen at Rs 772 crore versus Rs 840 crore
* EBITDA margin expected to be seen at 20.76% versus 22.97%
* Net profit expected to be seen at Rs 526 crore versus Rs 588 crore

*HINDPETRO* QoQ
* Revenue expected at Rs 104070 crore versus Rs 99977 crore
* EBITDA expected to be seen at Rs 5765 crore versus Rs 2707 crore
* EBITDA margin expected to be seen at 5.54% versus 2.71%
* Net profit expected to be seen at Rs 2675 crore versus Rs 142 crore

Stocks Picker Articles

22 Jan 2025 17:24

Laxmi Organic reports Q3 earnings

Net Profit Up 7.7% At ₹29.3 Cr Vs ₹27.2 Cr (YoY)

Revenue Up 13.3% At ₹786.3 Cr Vs ₹694.3 Cr (YoY)

EBITDA Up 59.1% At ₹74.8 Cr Vs ₹47 Cr (YoY)

Margin At 9.5% Vs 6.8% (YoY)

Stocks Picker Articles

22 Jan 2025 11:32

*PERSISTENT SYSTEMS:* Q3 CONS NET PROFIT 3.73B RUPEES VS 3.25B (QOQ); EST 3.5B. Q3 EBIT MARGIN 14.88% VS 14.02% (QOQ); EST 14.6% (NUMBERS SEEN INLINE WITH ESTIMATES)

Stocks Picker Articles

22 Jan 2025 09:41

TIPS MUSIC Management Says In Q3 FY 25 we launched 116 songs. This includes 40 film songs and 76 non-film songs. Our YouTube subscriber base has now reached a remarkable 113 million.

This quarter saw the release of popular songs like "Jutti Kasuri" by Gippy Grewal, "Afghani Afeem Hai" by Tony Kakkar, and "Tiyariyan" from movie Hoshiar Singh by Satinder Sartaaj all of which were well- received by our audience. We have a very exciting lineup of releases planned for 2025

We are seeing strong growth for our music across digital platforms. I am excited to announce our collaboration with TikTok, giving users worldwide access to Tips Music's diverse library, featuring Bollywood classics and regional hits.

We partnered with Sterling Reserve and Bacardi's Legacy brand to launch our own music-IP called "Take 2" and "Roots" respectively

Stocks Picker Articles

22 Jan 2025 08:24

*POSITIVE FOR HPCL*
MORGAN STANLEY SAYS
share price will rise in absolute terms over the next 15 days.
integrated margins remaining near mid-cycle (US$8/bbl) even at US$80/bbl Brent Oil,
Risk-reward is attractive for HPCL at 1.2x F26e P/B (with 20%+ ROE).
Expect its new refinery upgrade to improve overall integrated margins by 25-30% from F26.
Potential recovery in cooking gas-related subsidies for the past nine months in the upcoming national budget could surprise investors positively*POSITIVE FOR HPCL*
MORGAN STANLEY SAYS
share price will rise in absolute terms over the next 15 days.
integrated margins remaining near mid-cycle (US$8/bbl) even at US$80/bbl Brent Oil,
Risk-reward is attractive for HPCL at 1.2x F26e P/B (with 20%+ ROE).
Expect its new refinery upgrade to improve overall integrated margins by 25-30% from F26.
Potential recovery in cooking gas-related subsidies for the past nine months in the upcoming national budget could surprise investors positively

Stocks Picker Articles

22 Jan 2025 04:30

Corporate Actions

Dividend

22-Jan-25
BEPL: Interim Dividend - Rs. - 1.00
HAVELLS: Interim Dividend - Rs. - 4.00
ANZEN: Income Distribution (InvIT)

24-Jan-25
MASTEK: Interim Dividend - Rs. - 7.00
WAAREERTL: Interim Dividend - Rs. - 1.00
DCMSHRIRAM: Interim Dividend
VIDHIING: Interim Dividend

27-Jan-25
KEI: Interim Dividend


IPO
Denta Water and Infra Solutions: Open: 22-Jan-25; Close: 24-Jan-25

Buyback
---

Bonus
B. N. Rathi Securities: Bonus Issue 1:1; Ex-Date: 24-Jan-25

Stock Split
Insolation Energy: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 24-Jan-25
B. N. Rathi Securities: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 24-Jan-25
Mazda: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 28-Jan-25
Kiduja India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 31-Jan-25
Senco Gold: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 31-Jan-25
JBM Auto: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 31-Jan-25
Mohite Industries: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 31-Jan-25
Rama Phosphates: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 07-Feb-25

Right Issue
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
California Software: Open: 24-Jan-25; Close: 31-Jan-24
Harshil Agrotech: Open: 10-Jan-25; Close: 05-Feb-24
Globe Textiles (India): Open: 24-Jan-25; Close: 06-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24
Ultracab (India): Open: 28-Jan-25; Close: 11-Feb-24
Iel: Open: 04-Feb-25; Close: 21-Feb-24

Open Offer
Prataap Snacks: Open: 16-Jan-25; Close: 29-Jan-24

Stocks Picker Articles

22 Jan 2025 03:53

Bulk Deal & Insider Trade Update*

*Bulk Deals*
*Sat Kartar Shopping Ltd: Pine Oak Global Fund Buy 240000 Shares @ Rs. 178.05

*Insider Trade*
*Acquisition*
* Azad India Mobility Ltd: Bupinder Singh Chadha, Promoter, Acquisition 1320000 shares
* Id Info Business Services Ltd: Promoter Group, Acquisition 339500 shares
* Nhc Foods Ltd.: Director, Acquisition 13100000 shares
* Balgopal Commercial Ltd: Promoter, Acquisition 7000000 shares

*Disposal*
* Onesource Industries And Ventures Ltd: VIBHU MAURYA, Promoter, Disposal 2767444 shares on 20-Jan-25

*Revoke*
* Tgv Sraac Ltd: Promoter, Revoke 43948 shares
* Hubtown Ltd.: Promoter Group, Revoke 6970000 shares

*Dividend Update*
*Bhansali Engineering Polymers Ltd.: Interim Dividend Rs. 1.00; Ex Date: 22-Jan-2025
*Havells India Ltd.: Interim Dividend Rs. 4.00; Ex Date: 22-Jan-2025

*Result Today*
HDFC Bank Ltd.
Hindustan Unilever Ltd.
Pidilite Industries Ltd.
Bharat Petroleum Corporation Ltd.
Polycab India Ltd.
Persistent Systems Ltd.
Coforge Ltd.
Tata Communications Ltd.
Housing & Urban Development Corporation Ltd.
Go Digit General Insurance Ltd.
Zensar Technologies Ltd.
Gravita India Ltd.
Vardhman Textiles Ltd.
Elecon Engineering Company Ltd.
Nuvoco Vistas Corporation Ltd.
Tips Music Ltd.
E2E Networks Ltd.
RattanIndia Power Ltd.
Laxmi Organic Industries Ltd.
NIIT Learning Systems Ltd.
Ujaas Energy Ltd.
Cigniti Technologies Ltd.
Heritage Foods Ltd.
Wendt (India) Ltd.
Accelya Solutions India Ltd.
Jagsonpal Pharmaceuticals Ltd.
Alldigi Tech Ltd.
20 Microns Ltd.
IIRM Holdings India Ltd.
STEL Holdings Ltd.
Kisan Mouldings Ltd.
RS Software (India) Ltd.
Quest Capital Markets Ltd.
Shradha AI Technologies Ltd.
Trident Lifeline Ltd.
Kritika Wires Ltd.
Take Solutions Ltd.
Key Corp Ltd.
Monotype India Ltd.
Adroit Infotech Ltd.
Mittal Life Style Ltd.
BLB Ltd.
Jamshri Realty Ltd.
Yamini Investments Ltd.
AKG Exim Ltd.

Stocks Picker Articles

22 Jan 2025 03:50

*Stocks in News*


*Tech Mahindra:* CEO says 2026 could be a year of 'explosive' growth. (Positive)

*JSW Group:* To invest ₹3 lakh crore in Maharashtra across key sectors (Positive)

*Neuland Labs:* Company announces ₹342-crore investment to hike capacity in Telangana units. (Positive)

*Railtel:* Company has received a work order worth ₹46.79 crore. (Positive)

*MSTC:* Strategic Disinvestment transaction of FSNL (a wholly owned subsidiary of MSTC Ltd) has successfully concluded today with transfer of 100% shares of FSNL by MSTC. (Positive)

*IDBI Bank: Selloff picks up pace as suitors get data access as per ET sources. (Positive)

*HCL Technologies:* Company with a new 320,000 sqft center housing 5,000 employees. (Positive)

*Supreme Power:* Company secured an Rs 21.30 Cr order from a Chennai-based electric company for distribution transformers. (Positive)

*SBEC Systems:* Company Started installation of a 545 KWp solar plant for Jayesh Tradex Private Limited in Modi Nagar, Uttar Pradesh. (Positive)

*ICICI Pru:* Company reported a 43% surge in net profit of ₹326 crore, the net premium income increased to ₹12,261 crore, as against ₹9,929 crore YoY (Positive)

*PNB Housing:* Net Profit Up 36% At ₹471.4 Cr Vs ₹346.5 Cr, NII Up 15% At ₹764.5 Cr Vs ₹664.5 Cr (YoY) (Positive)

*KEI Industries:* Net profit at Rs 164.8 cr vs Rs 150.6 cr, Revenue at Rs. 2467.2 cr vs Rs 2059.3 cr.(YoY). (Positive)

*Indiabulls Enterprises:* Company announced a new real estate project in Ludhiana, Punjab, spanning 24.5 acres and encompassing 43.20 lac sq ft of saleable area. (Positive)

*JMJ Fintech:* Company announced a rights issue to raise up to Rs. 49 Cr through the issuance of equity shares. (Neutral)

*Bajaj Auto:* Company received an order of Rs 2.32 Cr from the Assistant Commissioner, Guwahati-I Division, CGST & CX, Guwahati, for discrepancies between E-waybill. (Neutral)

*Kirloskar Brothers:* Company filed a suit against Kirloskar Proprietary Ltd regarding trademark license termination. (Neutral)

*Tata Technologies:* Net profit at Rs 168.6 cr vs Rs 170.2 cr, Revenue at Rs. 1317.4 cr vs Rs 1289.5 cr.(YoY). (Neutral)

*Kinetic Engineering:* Company announced a significant Rs. 177 crore investment, primarily from promoters, to fuel growth and reach a Rs. 1,000 crore revenue target by 2029.. (Neutral)

*Centum Electronics:* Company will invest up to 2 Million Euro in its subsidiary, Centum T&S group SA, through its wholly-owned subsidiary, Centum Electronics UK. (Neutral)

*Winro Commercial:* Company announced an investment in Urudavan Investment and Trading Private Limited. (Neutral)

*Cyient DLM:* Net profit at Rs 4 cr vs Rs 6 cr, Revenue at Rs. 444 cr vs Rs 321 cr (YoY). (Neutral)

*Indian Hotels:* Net profit at Rs 582 cr vs poll of Rs 603 cr , Revenue at Rs 2533 cr vs poll of Rs 2429 cr. . (Neutral)

*Jana Small Finance Bank:* Net profit at Rs 110.6 cr vs Rs 134.6 cr, NII at Rs. 593 cr vs Rs 548.5 cr.(YoY). (Neutral)

*Advance Petrochemicals:* Company announced the resignation of its Company Secretary and Compliance Officer, Mr. Mohit Asawa, effective January 21, 2025. (Neutral)

*Hester Biosciences:* Company received a GST demand order for ₹3.25 million (ITC & penalty) for FY 2017-18 to FY 2020-21. (Neutral)

*Kilitch Drugs (India):* Company invests $200,000 in kilitch estro biotech (Neutral)

*ABFRL:* Company has successfully completed a ₹1,860 crore fundraising through a Qualified Institutional Placemen (Neutral)

*India Mart:* Net profit at Rs 121 cr vs Rs 81.9 cr, Revenue at Rs. 354 cr vs Rs 305 cr (YoY) (Neutral)

*Tanla Platforms:* Net profit Down 15.4% At ₹118.5 Cr Vs ₹140.1 Cr, Revenue Down 0.2% At ₹1,000.4 Cr Vs ₹1,002.6 Cr (YoY) (Negative)

*Dalmia Bharat:* Net profit at Rs 66 cr vs Rs 266 cr, Revenue at Rs. 3181 cr vs Rs 3604 cr (YoY) (Negative)

*India Cements:* Net profit at Rs -428.8 cr vs Rs -16.5 cr, Revenue at Rs. 903.2 cr vs Rs 1082 cr (YoY). (Negative)

Stocks Picker Articles

24 Jan 2025 03:15

*Patanjali:* FSSAI directs co to recall batch of red chilli powder due to non-conformance of standards (Neutral)

*Dr Reddys:* Net profit at Rs 1404 cr vs poll Rs 1514 cr, Revenue at Rs. 8381 cr vs poll Rs 8348 cr (YoY) (Negative)

*Spandana Sphoorty:* Net Loss at Rs 393.9 cr vs Rs 204 cr, NII at Rs. 299.1 cr vs Rs 395.7 cr (QoQ) (Negative)

*Ujjivan Small Finance Bank:* Net profit at Rs 109 cr vs Rs 300 cr, NII at Rs. 887 cr vs Rs 860 cr (YoY) (Negative)

*Suryoday Small Finance:* Net Profit at Rs 33.3 Cr Vs Rs 57.2 Cr, NII Up at Rs 268.3 Cr Vs Rs 245.7 Cr (YoY) (Negative)

*Cyient:* CEO Karthikeyan has resigned, and promoter Krishna Bodanapu has taken over as interim CEO. (Negative)

Stocks Picker Articles

23 Jan 2025 13:24

Top 10 midcap stocks bought by Mutual Funds in December

Mutual funds add or exit stocks to manage their portfolios and offer better returns. Here are the mid-cap stocks that mutual funds added to their portfolios in December, according to a report by Emkay Global.

⭐️Vishal Mega Mart
Mutual funds added shares of this stock worth Rs 40.2 billion to their portfolios.

⭐️Torrent Power
Mutual funds added shares of this stock worth Rs 24.9 billion to their portfolios.

⭐️Bharat Forge
Mutual funds added shares of this stock worth Rs 12.4 billion to their portfolios.

⭐️Mankind Pharma
Mutual funds added shares of this stock worth Rs 12.1 billion to their portfolios.

⭐️Godrej Properties
Mutual funds added shares of this stock worth Rs 11.4 billion to their portfolios.

⭐️Hindustan Petroleum Corporation
Mutual funds added shares of this stock worth Rs 8.3 billion to their portfolios.

⭐️IndusInd Bank
Mutual funds added shares of this stock worth Rs 8.2 billion to their portfolios.

⭐️Syngene International
Mutual funds added shares of this stock worth Rs 6.3 billion to their portfolios.

⭐️Inventurus Knowledge Solutions
Mutual funds added shares of this stock worth Rs 6.2 billion to their portfolios.

⭐️Indraprastha Gas
Mutual funds added shares of this stock worth Rs 5.8 billion to their portfolios.

Stocks Picker Articles

23 Jan 2025 04:39

Forthcoming Event

23rd January: ACGL, IEX, MPSLTD, SONACOMS, TARACHAND to consider Dividend; Bank of India, India Grid Trust, Indian Renewable Energy Development Agency, Jay Kailash Namkeen to consider Fund Raising

24th January: GODREJCP, GOTHIPL, SHARDACROP, TORNTPHARM to consider Dividend; Padam Cotton Yarns to consider Bonus issue; Shriram Finance to consider Dividend & Fund Raising; Mehai Technology to consider Fund Raising & Stock Split

25th January: BALKRISIND, JGTL, TCI to consider Dividend

27th January: COALINDIA, EMAMILTD, EPIGRAL, MANBA, WEALTH to consider Dividend; Biocon, 360 One Wam to consider Fund Raising

28th January: JUBLINGREA, RADIOCITY, RITES, GESHIP to consider Dividend; Home First Finance Company India to consider Fund Raising

29th January: CAMS, VAIBHAVGBL to consider Dividend

30th January: BANARBEADS, CONCOR, SHREECEM to consider Dividend

31st January: MARICO, ONGC, SUNPHARMA to consider Dividend

03rd February: CASTROLIND to consider Dividend

05th February: CUMMINSIND, PAGEIND to consider Dividend

06th February: GULFOILLUB to consider Dividend; Aadhar Housing Finance to consider Fund Raising

Stocks Picker Articles

23 Jan 2025 03:59

🍺🍺 *Listed stocks in the alcoholic beverages sector and their Brands* 🍻🍻🍻

🍷 Allied Blenders & Distillers Ltd
Brand: Officer's Choice

🍻 Associated Alcohols & Breweries Ltd
Brand: Central Province Whisky

🥃 Globus Spirits Ltd
Brand: Country Liquor (Nimboo, Goldee)

🚜 Piccadily Agro Industries Ltd
Brand: Malt spirits

🍹 Radico Khaitan Ltd
Brand: Magic Moments Vodka, 8 PM Whisky

🍺 Som Distilleries & Breweries Ltd
Brand: Hunter Beer, Black Fort Beer

🍇 Sula Vineyards Ltd
Brand: Sula Wines

🏰 Tilaknagar Industries Ltd
Brand: Mansion House Brandy

🍾 United Breweries Ltd
Brand: Kingfisher Beer

🥂 United Spirits Ltd
Brand: McDowell's No.1, Royal Challenge, Black Dog

Stocks Picker Articles

23 Jan 2025 03:28

*Stocks In Action*

*HDFC Bank:* The Company posted healthy results for the quarter ended Q3FY25, in line with larger consensus, amidst challenging macroeconomic environment. The banks Interest income grew by 7.7% YoY to Rs 306.5 Billion. Core net interest margin stood at 3.63 based on total earning assets. Adjusted PAT( excluding one offs) grew by 13.6% YoY to Rs 167.4 billion. Retail loans in Q3FY25 grew by 10.0% YoY , commercial and rural banking loans grew by 11.6%YoY and corporate and other wholesale loans were lower by 10.4% YoY. Overseas advances constituted 1.8% of total advances. Advances under management, on an average basis, grew 7.6% YoY to Rs26,276 billion in Q3FY25. Gross advances were at Rs25,426 billion as of December 31, 2024, an increase of 3.0%YoY. Grossing up for transfers through inter-bank participation certificates, bills rediscounted and securitisation / assignment, advances under management grew by 6.1% YoY. Average deposits were at Rs24,528 billion for the December 2024 quarter, a growth of 15.9% YoY and 4.2% QoQ.The Bank’s average CASA deposits were Rs8,176 billion in Q3FY25, a growth of 6.0%YoY. Total balance sheet size as of December 31, 2024 was Rs37,590 billion as against Rs34,926 billion as of December 31, 2023. HDFC Bank’s distribution network was at 9,143 branches and 21,049 ATMs across 4,101 cities / towns as of December 31, 2024. The number of employees were at 2,10,219 as of December 31, 2024 as against 2,08,066 as of December 31, 2023. Bank’s total Capital Adequacy Ratio was at 20.0% as on December 31, 2024 as against 18.4% as on December 31, 2023. Tier 1 CAR was at 18.0% and Common Equity Tier 1 Capital ratio was at 17.5% as of December 31, 2024. *Positive on HDFC Bank given the strong fundamentals and performance of the company.*


*Heritage Foods:* Heritage Foods is engaged in the business of procurement and processing of Milk & Milk products and also generation of power through solar & wind for the captive consumption of its dairy plants. The company has a reach to over 15 lakh households in India. For the quarter ended Q3FY25 the company achieved 10% Revenue Increase, Surpassing Rs. 1000 crores in Quarterly Revenues for the third consecutive time. Q3 FY25 also marked 12.62% YoY Growth in Milk Procurement to 1.84 Million. Average Milk Procurement Price Dropped by 2.7% YoY to Rs 41.91 per Liter. Milk Sales Volume Growth stood at 6.08% YoY . The company saw impressive growth in its Value-Added Products segment(VAP), achieving a 17.6% YoY increase in revenues, reaching Rs. 287.4 crores. The contribution of VAP to total revenue rose to 28.2%, up from 26.5% in Q3 FY24. Including Ghee and Butter, VAP Revenue Hits Rs. 395.9 cr.This segment now contributes 33.5% to total revenue in Q3 FY25, compared to 31.0% in the same period last year. The growth in VAP segement was driven by the increase in demand during the festive season, on the back of encouraging consumer promotions and impactful advertising campaigns. *Positive on Heritage Foods given the strong fundamentals and performance of the company.*

Stocks Picker Articles

23 Jan 2025 03:12

*Stocks in News*


*Go Digit:* Net profit at Rs 119 cr vs Rs 42.9 cr, Revenue at Rs. 2084 cr vs Rs 1980 cr (YoY). (Positive)

*E2E Network:* Net profit at Rs 11.6 cr vs Rs 5.6 cr, Revenue at Rs. 41.6 cr vs Rs 24.0 cr(YoY). (Positive)

*20 Microns:* Net profit at Rs 12.9 cr vs Rs 11.5 cr, Revenue at Rs. 215 cr vs Rs 175 cr (YoY) (Positive)

*Jagsonpal Pharma:* Net profit at Rs 32 cr vs Rs 3.96 cr, Revenue at Rs. 74.0 cr vs Rs 47.2 cr (YoY) (Positive)

*Gravita India:* Net profit at Rs 78 cr vs Rs 60.3 cr, Revenue at Rs. 996.4 cr vs Rs 757.8 cr (YoY). (Positive)

*All Digitech:* Net profit at Rs 20 cr vs Rs 11 cr, Revenue at Rs. 139 cr vs Rs 119 cr (YoY). (Positive)

*Cigniti:* Net profit at Rs 63.5 cr vs Rs 48 cr, Revenue at Rs. 525 cr vs Rs 475 cr (YoY). (Positive)

*Laxmi Organics:* Net profit at Rs 29.3 cr vs Rs 27.2 cr, Revenue at Rs. 786 cr vs Rs 694 cr (YoY). (Positive)

*Ujjas Energy:* Net profit before exceptional item at Rs 6.9 cr vs loss Rs 3.5 cr, Revenue at Rs. 8.2 cr vs Rs 5.8 cr (YoY). (Positive)

*Allcargo Terminals:* CFS volumes in Dec 2024 was 51.7, a healthy 8% growth over previous month. (Positive)

*Paras Defence:* Company has signed a MoU with the Government of Maharashtra, India, for the proposed Optics Park Project in Navi Mumbai, Maharashtra (Positive)

*Zydus Life:* Company announces USFDA Orphan Drug Designation to Usnoflast for the treatment of Amyotrophic Lateral Sclerosis. (Positive)

*HUL:* Company approves the demerger plan for its ice cream operations. (Positive)

*RPP Infra Projects:* Company has been received letter of acceptance for a new projects- Erection Testing and commissioning of Air Cooled Condenser. (Positive)

*Waaree Energies:* Subsidiary has commenced its commercial production of 1.6 GW Solar module line. (Positive)

*Bharti Airtel:* Company gets Moody's Ratings Outlook to Positive; Affirms Baa3 Ratings. (Positive)

*Praj Industries:* Company approves formation of Joint Venture Company with BPCL for setting up of Compressed Bio Gas Plants across India. (Positive)

*Tera Software:* Award of existing work order value revised from Rs.5049 Cr to 5104 Cr. (Positive)

*HUDCO:* Company signed a Memorandum of Understanding with Vadhvan Port Project Limited to explore funding up to Rs. 25000 Crore for VPPL's port development and PPP projects. (Positive)

*Reliance:* Jio Gains 12.12 Lk Users Vs Loss of 37.60 Lakh Users in October (Positive)

*Bharti Airtel:* Loses 11.36 Lk Users Vs Additions of 19.28 Lakh Users in October (Positive)

*Vodafone Idea:* Loses 15.02 Lk Users Vs Additions of 19.77 Lakh Users in October (Positive)

*Persistent Systems:* Net profit at Rs 373 cr vs Rs 325 cr, Revenue at Rs. 3060 cr vs Rs 2900 cr (QoQ). (Neutral)

*HUL:* Net profit at Rs 3001 cr vs poll of Rs 2634 cr, Revenue at Rs. 15,408 cr vs poll of Rs 15,735 cr. (Neutral)

*BPCL:* Net profit at Rs 4649 cr vs poll of Rs 4977 cr, Revenue at Rs. 1.13 lakh cr vs poll of Rs 1.12 lakh cr. (Neutral)

*Pidilite:* Net profit at Rs 557 cr vs poll of Rs 572 cr, Revenue at Rs. 3368 cr vs poll of Rs 3318.0 cr. (Neutral)

*Accelya Solutions:* Net profit at Rs 32.4 cr vs Rs 30.9 cr, Revenue at Rs. 133 cr vs Rs 125 cr (YoY) (Neutral)

*Zensar Tech:* Net profit at Rs 160 cr vs Rs 156 cr, Revenue at Rs. 1326 cr vs Rs 1308 cr (QoQ) (Neutral)

*Archean Chemical:* Company Invested USD 12 Million in Offgrid Energy Labs Inc, acquiring a 21% Stake. (Neutral)

*Sanofi India:* Company received a transfer pricing order from the Indian Income Tax Department for the fiscal year 2022-23. The order resulted in an income tax liability of Rs.26.50Crore. (Neutral)

*Suraksha Diagnostic Ltd:* Company incorporated subsidiary, Suraksha advanced radiology Private Limited, on January 18, 2025. (Neutral)

*Abhishek Corporation:* Company announced the sale of its spinning machinery for Rs.7.35 crores and its fabric business for Rs.24.75 crores, both subject to shareholder approval. (Neutral)

Stocks Picker Articles

23 Jan 2025 02:43

*INDIGO* YoY
* Revenue expected at Rs 22241 crore versus Rs 19452 crore
* EBITDA expected to be seen at Rs 6491 crore versus Rs 5149 crore
* EBITDA margin expected to be seen at 29.18% versus 26.47%
* Net profit expected to be seen at Rs 3842 crore versus Rs 2998 crore

*JSWSTEEL* YoY
* Revenue expected at Rs 40749 crore versus Rs 41940 crore
* EBITDA expected to be seen at Rs 4994 crore versus Rs 7180 crore
* EBITDA margin expected to be seen at 12.26% versus 17.12%
* Net profit expected to be seen at Rs 618 crore versus Rs 2415 crore

*SHRIRAMFIN* YoY
* NII expected at Rs 5681 crore versus Rs 4911 crore
* EBIT expected to be seen at Rs 4312 crore versus Rs 3689 crore
* EBIT margin expected to be seen at 74.81% versus 70.74%
* Net profit expected to be seen at Rs 2564 crore versus Rs 1818 crore

*TORNTPHARM* YoY
* Revenue expected at Rs 2980 crore versus Rs 2732 crore
* EBITDA expected to be seen at Rs 977 crore versus Rs 869 crore
* EBITDA margin expected to be seen at 32.79% versus 31.81%
* Net profit expected to be seen at Rs 512 crore versus Rs 355 crore

Stocks Picker Articles

22 Jan 2025 17:24

GRAVITA Q3 Result

NET PROFIT UP 29 % AT 77.94 CR (YOY), UP 8 % (QOQ)

REVENUE UP 31 % AT 996 CR (YOY) ,UP 7 % (QOQ)

EBITDA DOWN 1 % AT 80.71 CR (YOY),UP 27 %(QOQ)

MARGINS AT 8.1% V 10.8 % (YOY), 6.85 % (QOQ)

Stocks Picker Articles

22 Jan 2025 13:14

ZENSAR Q3 Result

NET PROFIT AT 193 CR V 139 CR QOQ

REVENUE AT 1325 CR V 1308 CR

EBITDA AT 206.4 CR V 201 CR QOQ

EBITDA MARGIN AT 15.55% V 15.4%

Stocks Picker Articles

22 Jan 2025 10:02

Polycab India Limited || Q3 FY2025 Results Analysis

🔹 EBITDA: ₹720 crore
➤ (YoY: ₹570 crore, +26.32%; Estimates: ₹646 crore, beat by ₹74 crore)

🔹 EBITDA Margin: 13.78%
➤ (YoY: 13.10%, improvement of +68 bps; Estimates: 12%, beat by +178 bps)

🔹 Revenue from Operations: ₹6,260 crore
➤ (YoY: ₹5,726 crore, +9.32%)

🔹 Net Profit (PAT): ₹464.35 crore
➤ (YoY: ₹416 crore, +11.62%)

🔹 Overall Verdict: Excellent
➤ Polycab India delivered a standout performance, exceeding market estimates in EBITDA, PAT, and margins.

Analysis Notes:

🔹 Revenue Trends:
➤ Revenue grew 9.32% YoY, driven by sustained demand in wires and cables and steady growth in FMEG.

🔹 Profitability Performance:
➤ EBITDA growth of 26.32% YoY and margin expansion reflect efficient operations and favorable pricing strategies.
➤ PAT grew by 11.62% YoY, underpinned by higher operational income and cost management.

🔹 Segment Performance:
➤ Wires and Cables: Key revenue driver with robust contribution to profitability.
➤ FMEG: Demonstrated growth, diversifying revenue streams.

🔹 Market Beat:
➤ Surpassed estimates for EBITDA and margins, showcasing strong execution.

Stocks Picker Articles

22 Jan 2025 09:40

*HDFC Bank*

Net profit at Rs 16736 crore versus poll of Rs 16548.0 crore

NII at Rs 30653 crore versus poll of Rs 30669.0 crore

Gross NPA at 1.42% versus 1.40% QoQ

Net NPA at 0.46% versus 0.4% QoQ

(Numbers seen inline, slippages number would be important)

Stocks Picker Articles

22 Jan 2025 04:30

Forthcoming Event

22nd January: ACCELYA, BPCL, COFORGE, PERSISTENT, TIPSMUSIC, WENDT, ZENSARTECH to consider Dividend; Kaynes Technology India, Muthoot Capital Services, Shivam Autotech, Gujarat Apollo Industries, SRG Housing Finance, Swadeshi Industries & Leasing to consider Fund Raising; Housing & Urban Development Corporation to consider Dividend & Fund Raising

23rd January: ACGL, IEX, MPSLTD, SONACOMS, TARACHAND to consider Dividend; Bank of India, India Grid Trust, Indian Renewable Energy Development Agency, Jay Kailash Namkeen to consider Fund Raising

24th January: GODREJCP, GOTHIPL, SHARDACROP, TORNTPHARM to consider Dividend; Padam Cotton Yarns to consider Bonus issue; Shriram Finance to consider Dividend & Fund Raising; Mehai Technology to consider Fund Raising & Stock Split

25th January: BALKRISIND, JGTL, TCI to consider Dividend

27th January: COALINDIA, EMAMILTD, EPIGRAL, MANBA, WEALTH to consider Dividend

28th January: JUBLINGREA, RADIOCITY, RITES, GESHIP to consider Dividend; Home First Finance Company India to consider Fund Raising

29th January: CAMS, VAIBHAVGBL to consider Dividend

30th January: BANARBEADS, CONCOR, SHREECEM to consider Dividend

31st January: MARICO, ONGC, SUNPHARMA to consider Dividend

03rd February: CASTROLIND to consider Dividend

05th February: CUMMINSIND, PAGEIND to consider Dividend

06th February: GULFOILLUB to consider Dividend; Aadhar Housing Finance to consider Fund Raising

Stocks Picker Articles

22 Jan 2025 03:53

Stocks in Action

India Mart Intermesh: The company is India's largest online B2B marketplace, IndiaMART is at the forefront of transforming the landscape to facilitate ease of doing business through a well-entrenched network of hi-tech solutions and services. IndiaMART reported consolidated Revenue from Operations of Rs. 354 Crore as compared to Rs. 305 Crore in the corresponding quarter of last year, representing a growth of 16%. This includes IndiaMART Standalone Revenue of Rs. 337 Crore and Busy Infotech Revenue of Rs 16 Crore, registering a growth of 16% and 30% respectively on YoY basis. Collections from Customer grew by 10% to Rs. 363 crore for the quarter, primarily comprising of Standalone Collections of Rs. 341 Crore and Busy Infotech Collections of Rs 20 Crore. Deferred Revenue as on December 31, 2024 increased to Rs. 1,492 Crore representing a YoY growth of 17%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,430 Crore and Busy Infotech Deferred Revenue of Rs. 57 Crore. Net Profit for the quarter was Rs. 121 Crore representing margin of 30%. Cash Flow from Operations for the quarter was Rs. 114 Crore. Additionally the company registered Unique business enquiries of 27 million in Q3FY25, representing a YoY growth of 17%. Supplier storefronts grew to 8.2 million, an increase of 5% YoY, and paying suppliers as at the end of the quarter were 214K.Going forward the management is confident in exploiting the trend of increasing technological adoption. Positive on India Mart Intermesh given the strong fundamentals and performance of the company.


Karur Vysya Bank(KVB): The Bank is engaged in providing a wide range of banking and financial services including commercial banking and treasury operations. The Bank operates in four business segments: Treasury Operations, Corporate/ Wholesale Banking Operations, Retail Banking Operations and Other Banking Operations. The bank posted healthy results for quarter ended Q3FY25, with its core portfolio, RAM, continuing to grow at a healthy pace (4.2% QoQ/20% YoY). This was driven by its retail and commercial segment,while the corporate segment remains a laggard. Deposits too reported a growth of 3.5% QoQ/15.7% YoY, thus, normalising the bank’s CD ratio by 24bps QoQ/131bps YoY to 83.5%. During the quarter, the bank saw the increased cost of funds, which capped the upside growth of NIMs at 4%. KVB’s asset quality remains clean as it improved sequentially with declining GNPA/NNPA. Going forward KVB expects loan growth of 14% in FY25E while NIMs are expected to remain at 4% in FY25E. In Q4FY25, NIMs could see a further decline of 15bps QoQ to 3.85%. It expects that the decline in interest rates shall help NIMs due to its linkage to EBLR. The bank expects that its GNPA/NNPA shall remain under 2%/1% as asset quality shall remain intact. ROA for Q4FY25 shall be maintained above 1.65%.The bank expects that GNPA/NNPA going forward will be under 2%/1% due to the high portion of the secured book and prudent underwriting. Additionally, the bank shall gradually grow its unsecured book once it has gained confidence in the market. KVB is also increasing its footprint in the MFI portfolio in relatively less stressed areas like Karnataka and some districts of Tamil Nadu. Positive on Karur Vysya Bank given the strong fundamentals and performance of the company.

Stocks Picker Articles

22 Jan 2025 03:51

*Fund Houses Recommendations*


Citi on *PayTM:* Maintain Buy on Company, raise target price at Rs 1000/Sh (Positive)

Axis on *PNB Housing:* Maintain Buy on Company, target price at Rs 1200/Sh (Positive)

HSBC on *Zomato:* Maintain Buy on Company, target price at Rs 315/Sh (Positive)

Incred on *Zomato:* Initiate Add on Company, target price at Rs 270/Sh (Positive)

Incred on *Swiggy:* Initiate Add on Company, target price at Rs 540/Sh (Positive)

DAM on *Karur Bank:* Initiate Buy on Company, target price at Rs 274/Sh (Positive)

Citi on India Refiners: OMCs are a buy-the-dip opportunity with strong Q3/Q4 earnings despite GRM and margin headwinds, *HPCL & IOCL* on catalyst watch. (Positive)

MS on *Reliance Ind:* Maintain Overweight on Company, cut target price at Rs 1606/Sh versus Rs 1662/Sh (Positive)

Macquarie on *ICICI Pru:* Maintain Hold on Company, target price at Rs 725/Sh (Neutral)

GS on *ICICI Pru:* Maintain Neutral on Company, cut target price at Rs 660/Sh (Neutral)

Nuvama on *ICICI Pru:* Maintain Hold on Company, cut target price at Rs 720/Sh (Neutral)

Nomura on *ICICI Pru:* Maintain Reduce on Company, cut target price at Rs 715/Sh (Neutral)

Jefferies on *Dalmia Bharat:* Maintain Reduce on Company, target price at Rs 2070/Sh (Neutral)

MS on *Dalmia Bharat:* Maintain Neutral on Company, target price at Rs 1750/Sh (Neutral)

UBS on *KEI Ind:* Maintain Buy on Company, cut target price at Rs 5750/Sh (Neutral)

Citi on *Tata Tech:* Maintain Sell on Company, cut target price at Rs 765/Sh (Neutral)

Axis on *Tata Tech:* Maintain Reduce on Company, cut target price at Rs 840/Sh (Neutral)

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

Nuvama on *India Mart:* Maintain Neutral on Company, cut target price at Rs 1970/Sh (Negative)

Nomura on *India Mart:* Downgrade to Neutral on Company, cut target price at Rs 1900/Sh (Negative)

Stocks Picker Articles

21 Jan 2025 15:47

KEI INDUSTRIES Q3 Result

NET PROFIT UP 9% AT 164.4 CR (YOY), UP 6 % (QOQ)

REVENUE UP 20 % AT 2467 CR (YOY) ,UP 8 % (QOQ)

EBITDA UP 13 % AT 241 CR (YOY),UP 9 %(QOQ)

MARGINS AT 9.77 % V 10.4 % (YOY), 9.67 % (QOQ)