Stocks Picker Articles

24 Feb 2025 06:18

🚢 GRSE Expects ₹70,000 Cr Order from P-17 Bravo Project

👉🏻 Garden Reach Shipbuilders & Engineers (GRSE) anticipates a ₹70,000 crore order from the P-17 Bravo project, as per NDTVProfit.

👉🏻 Current order book stands at ₹24,000 crore.

👉🏻 Company expects its order book to reach ₹40,000 crore by FY26-end.

Stocks Picker Articles

24 Feb 2025 04:48

✈️ India to Boost LCA Fighter Jet Production

👉🏻 High-level panel formed to streamline LCA Mk1A production

👉🏻 Private sector participation to be increased for faster deliveries

👉🏻 HAL outsourcing work to firms like MTAR Hyderabad, L&T, Godrej & Azad Engineering

👉🏻 Nashik facility may be offered to a pvt partner for AMCA production

Stocks Picker Articles

24 Feb 2025 04:24

Stocks with brokerage targets indicating upside of up to 53% 🚀

Jefferies on M&M
Target: ₹4,075
Upside: 53%
Rating: Buy

Motilal Oswal on Adani Ports
Target: ₹1,400
Upside: 29%
Rating: Buy

Macquarie on LTTS
Target: ₹6,530
Upside: 28%
Rating: Outperform

IIFL on Federal Bank
Target: ₹218
Upside: 21%
Rating: Buy

Citi on Indigo
Target: ₹5,200
Upside: 16%
Rating: Buy

Stocks Picker Articles

24 Feb 2025 04:15

*Corporate Actions*

Quality Power Electrical Equipments is set to make stock market debut today, February 24. The issue price is fixed at Rs. 425 per share.

Ami Organics has approved the sub-division or split of the company’s existing 1 equity share with a face value of Rs 10 each into 2 equity shares with a face value of Rs 5 each.

*Dividend*

*24-Feb-25*
ASMTEC: Interim Dividend - Rs. - 1.00
PRITHVIEXCH: Interim Dividend - Rs. - 1.00

*25-Feb-25*
SBICARD: Interim Dividend - Rs. - 2.50

*28-Feb-25*
BHATIA: Interim Dividend - Rs. - 0.01
IGIL: Interim Dividend
PANCHSHEEL: Interim Dividend - Rs. - 0.80
PFC: Interim Dividend - Rs. - 3.50

*IPO*
---

*Buyback*
NAVA: Ex-Date: 28-Feb-25

*Bonus*
---

*Stock Split*
RDB Realty & Infrastructure: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 28-Feb-25
Oasis Securities: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 28-Feb-25
Coastal Corporation: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 04-Mar-25
Mangalam Global Enterprise: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 04-Mar-25
IOL Chemicals and Pharma: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 11-Mar-25

*Right Issue*
Ganesh Holdings: Open: 18-Feb-25; Close: 27-Feb-24
Jyoti Structures: Open: 17-Feb-25; Close: 03-Mar-24
Kairosoft AI Solutions: Open: 20-Feb-25; Close: 03-Mar-24
Thangamayil Jewellery: Open: 21-Feb-25; Close: 04-Mar-24
Harshil Agrotech: Open: 18-Feb-25; Close: 17-Mar-24

*Open Offer*
Aavas Financiers: Open: 21-Feb-25; Close: 07-Mar-25

Stocks Picker Articles

24 Feb 2025 04:05

*Stocks in Action*

*Varun Beverage Ltd:* It is engaged in manufacturing, selling, bottling and distribution of beverages of Pepsi brand in geographically pre-defined territories of India, Sri Lanka, Nepal, Zambia, Morocco and Zimbabwe as per franchisee agreement with PepsiCo India Holdings Private Limited (“PepsiCo India”) and its affiliates. The company posted a phenomenal quarterly results for the quarter ended Q3FY25 with a revenue growth of 38% YoY to Rs 3,689 cr, led by volume growth of 38% YoY, which was majorly driven by the volume addition from South Africa and the Democratic Republic of Congo (DRC). Excluding these volumes, organic volume growth was ~5% YoY. EBITDA stood at Rs 579 cr, up 28% YoY, with EBITDA margin coming at 16%. PAT for the quarter stood at Rs 196 cr, up 36% YoY. Going forward VBL can be expected to maintain its earnings momentum, driven by increased penetration in newly acquired territories in Africa, stable growth in the domestic market, continued expansion in capacity and distribution reach (10% annual addition in outlets), and growing refrigeration in rural and semirural areas. *Positive on Varun Beverage Ltd given the strong fundamentals and performance of the company.*

*Wipro Ltd:* The company provides comprehensive IT Solutions and Services, including Systems Integration, Information Systems Outsourcing, IT Enabled Services, Package Implementation, Software Application development and maintenance, and Research and Development Services to corporations globally. The company posted better than expected results for the quarter ended Q3FY25 with 24.5 % YoY rise in net profit to Rs 3,353.8 crore . Revenue for the October-December quarter rose 0.5 % YoY to Rs 22,318.8 crore. The company’s order book stood at $3.5 billion (approximately Rs 28,910 crore) during the third quarter, with large deals exceeding $30 million (around Rs 247 crore) amounting to $961 million (approximately Rs 7,935 crore). *Positive on Wipro Ltd given the strong fundamentals and performance of the company.*

Stocks Picker Articles

24 Feb 2025 03:35

*Fund Houses Recommendations*


Citi on *Indigo:* Maintain Buy on Company, raise target price at Rs 5200/Sh versus Rs 5100/Sh (Positive)

Citi on *Federal Bank:* Maintain Buy on Bank, target price at Rs 242/Sh (Positive)

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

MS on *Cyient:* Maintain Overweight on Company, target price at Rs 1750/Sh (Positive)

Nomura on *Auto:* EV policy to accelerate adoption, Tesla’s entry to benefit suppliers like *Sona Comstar, Sansera and Motherson Sumi* (Positive)

CLSA on *IT sector:* Demand drivers improving; GenAI to be revenue driver going forward. We see multiple positive signals for India’s IT sector going into FY26 (Positive)

CLSA on *India Strategy:* Top upgrades- *DLF, Muthoot Finance, ONGC* (Positive)

CLSA on *India Strategy:* Better-than-expected 3Q, but notable EPS cuts remain a concern. Results of 30% of stocks exceeded our estimates, but a bigger 46% fell short. (Neutral)

CLSA on *Pharma sector:* US tariff concerns; pharma index down 12.9%, underperforming the broader market (Nifty down 4%). A 10% hit on sales of generics imported into the US should imply an EBITDA impact of 4-15%. (Neutral)

CLSA on India *Auto:* Tesla’s India entry unlikely to impact Maruti, Hyundai & Tata, expects premium car market to benefit (Neutral)

GS on *M&M:* Maintain Buy on Company, target price at Rs 3800/Sh (Neutral)

Bernstein on *M&M:* Maintain Outperform on Company, target price at Rs 3650/Sh (Neutral)

CLSA on *India Strategy:* Top downgrades: *Zomato, PVR Inox, Bandhan Bank* (Negative)

Incred on *SBIN:* Downgrade to Hold on Bank, cut target price at Rs 795/Sh versus Rs 1100/Sh (Negative)

Stocks Picker Articles

24 Feb 2025 02:43

*M&M Financial:* Company approved Issue
of Non-Convertible Debentures on Private Placement Basis, NCD Base Issue Worth3b Rupees. (Neutral)

*Bharti Airtel:* Company to increase its
shareholding in arm Airtel Africa Plc by Up To 5% Via Airtel Africa Mauritius.(Neutral)

*Adani Green Energy:* Company Unit
Operationalized Solar Power Project of 250 Mw at Bhimsar & Dwada. (Neutral)

*East West Freight:* Company’s boardapproved a Rs. 30 Cr fund raising proposal through private placement or other
permissible mod. (Neutral)

*Bajaj Auto:* Company to invest up to €150
Million in arm Bajaj Auto International Holdings BV, Netherlands (Neutral)

*Dhunseri Investments:* Company has enteredinto a MoU with M/s. Hatibari Tea Company on Feb 21, 2025, for the sale of
Hatibari Tea Factory. (Neutral)

*Plaza Wires Ltd:* Company has receivedconfirmation of its credit rating from CRISIL Ratings Ltd. The long-term bank facilities rating remains
CRISIL BBB-/ (Neutral)

*Swiggy:* Board approved investing up toINR 1,000 Cr in its subsidiary, Scootsy Logistics Private Limited. (Neutral)

*Eris Lifesciences:* Company redeemed
₹437.50 Cr of 8% secured unlisted redeemable non-convertible debentures. (Neutral)

*Granules:* Board approved the acquisitionof a 100% stake in Swiss company Senn Chemicals AG for approximately INR 1,925
million. (Neutral)

*Nifty 50 changes:* Zomato and JioFinancial to Replace Britannia and BPCL in Nifty 50 Effective March 28, 2025. (Neutral)

*Nifty Next 50 changes:* Swiggy, Britannia,
IHCL, Hyundai, Bajaj Housing, BPCL and CG Power to Replace ATGL, BHEL, NHPC,IRCTC, Union Bank, Zomato and Jio FIn in Nifty Next 50 Effective March 28,
2025. (Neutral)

*PayTm:* Mobiquest Mobile Technologies, hassold its 100% stake in Xceed IT Solutions. (Neutral)

*Nesco:* Company has announced the
incorporation of its wholly-owned subsidiary, Nesco Retail Private Limited,based in Mumbai, Maharashtra. (Neutral)

*Rishabh Instruments:* Company has
announced a partnership with ASPIRE-IITB Research Park Foundation to open itssixth R&D center at IIT Bombay (Neutral)

*SRF:* Company has completed the expansion
of its Fluorocarbon Refrigerant Gas Capacity at Dahej, with a total cost ofaround Rs. 361 Crores. (Neutral)

*Aster DM:* Company to invest Rs 850 cr in
Kerala in next 3 years (Agencies) (Neutral)

*FIEM Ind:* Company has received a sum ofRs. 20 Crores (Rupees Twenty Crores) as ad-hoc payment from the Insurer (Neutral)

*Maithan Alloys:* Company acquired 48,000 shares
of Power Finance Corporation Ltd. (Neutral)

*Medplus Health:* Company subsidiary,Optival Health Solutions Pvt Ltd, received four drug license suspension orders (Negative)

*Solara Active Pharma:* Company announced
the resignation of its Managing Director, Mr. Poorvank Purohi. (Negative)

*Jagsonpal Pharmaceuticals:* Companyreceived a warning letter from the USFDA, regarding observations during the
inspection of its contract manufacturing facility. (Negative)

*Fusion:* ICRA Limited has downgraded thecredit rating of Fusion Finance Ltd's instruments. (Negative)

*Flex Foods:* India Rating has downgraded
the rating for fund based working capital limits. (Negative)

*Syngene:* Company received 5 form 483observations from USFDA for Bengaluru facility (Negative)

Stocks Picker Articles

23 Feb 2025 13:09

🚀 Waaree Energies Q3 FY25 Concall Highlights 🚀

📌 Strong Financial Performance
✅ Revenue: ₹3,545 Cr (+115% YoY)
✅ EBITDA: ₹810 Cr (+257% YoY) (EBITDA Margin: 22.8%)
✅ PAT: ₹507 Cr (+260% YoY) (PAT Margin: 14.3%)
✅ Order Book: 26.5 GW (~₹50,000 Cr)
✅ Net Working Capital Days improved significantly

📌 Business Growth & Expansion
✅ 5.4 GW solar cell plant (Chikhli, Gujarat) - Trial production started
✅ 1.6 GW module plant (Texas, USA) - Commercial production initiated
✅ Acquisition of Enel Green Power India (₹792 Cr)
640 MW operational capacity & 2.5 GW pipeline projects
✅ Strengthened presence in Green Hydrogen, Electrolyser, Battery Storage & Renewable Power Infra

📌 Impact of US Policies & Market 🇺🇸
✅ US import restrictions on Chinese solar modules have boosted demand for Waaree’s products
✅ Expansion in Texas (1.6 GW module facility) positions Waaree as a key player in the US market
✅ Increased demand from US utility-scale solar projects
✅ China+1 strategy driving more orders from the USA & Europe

📌 Industry Trends & Strategy
✅ India’s solar capacity target: 280 GW by 2030
✅ Global solar market projected at 5.8 TW by 2030
✅ Government PLI schemes & policy push accelerating domestic solar manufacturing
✅ Emerging opportunities in energy storage & hydrogen economy

📌 Future Expansion & Investments
✅ 6 GW integrated expansion expected to start commercial operations in FY27
✅ Green Hydrogen & Electrolyser investment: ₹551 Cr
✅ Battery Energy Storage investment: ₹2,073 Cr
✅ Renewable Power Infra investment: ₹650 Cr
✅ Inverter Manufacturing investment: ₹130 Cr

📌 Key Market Positioning
✅ India’s largest solar PV module manufacturer
✅ BNEF Tier 1 ranking for 36 consecutive quarters
✅ Strong international footprint with orders from USA, Europe & Middle East

Stocks Picker Articles

23 Feb 2025 07:57

Monarch Networth Capital sees 46% UPSIDE in ESAB India - Transient sluggishness, broader thesis holds

The stock is down 30% from its peak impacted by a temporary slowdown in the government’s capex thrust in 9MFY25 which we believe is at the cusp of revival taking cues from a 10% YoY increase in the central government’s budgeted capex for FY26 and the target set by National Steel Policy to increase India’s per capita steel consumption from the current 93 kg to 158 kg by FY31.

Nuvama sees 38% UPSIDE in Just Dial - Time to dial up an upgrade; Upgrading to ‘BUY’ (from ‘HOLD’) as the stock looks extremely attractive with the core business available at a compelling value on market cap adjusted for cash

We have had a negative view on JD’s growth prospects for a while, and the company has been facing serious growth challenges for the last two quarters. Even as we continue to believe growth challenges shall persist, the valuation is compelling enough to warrant an upgrade.

Geojit sees 17% UPSIDE in Triveni Turbine - Export mix to be the next leg of growth

A strong mix of international orders (65% of the order book vs 52% earlier) is expected to increase the earnings visibility in the coming quarters. On the domestic front, there is a slowdown in order inflow, in 9MFY25 domestic order book declined by 22% YoY.

KR Choksey sees 37% UPSIDE in DCX Systems - Margins Improve but Continues to Lag Historical Levels

The order book for the company stands robust at INR 33,590 Mn as of Q3FY25 aided by recent order wins from key players such as Lockheed Martin Global Inc, ELTA Systems Ltd and other overseas customers.

Though the recent order wins have alleviated the concerns against order book but the key concern remains on the profitable execution.

Geojit sees 15% UPSIDE in KEI Industries - Capacity expansion to drive future growth; The company expects sales growth of 19-20% in the upcoming year

Anand Rathi sees 13% UPSIDE in Narayana Hrudayalaya - New Cayman unit faring well; maintaining a Buy; The company intends to add ~1,450 beds through greenfield expansions across Bengaluru, Kolkata and Raipur.

Mirae Asset Sharekhan sees 16% UPSIDE in Aditya Birla Fashion & Retail - Margins expand; demand remains subdued

Management expects to complete the demerger in the coming 2-3 months. Post the demerger, ABLBL is expected to start with net debt of Rs. 700 crore, while demerged ABFRL is likely to hold a cash balance of Rs. 1,300 crore.

Nuvama Visit Note on Khazanchi Jewellers - Cheap valuation at high growth in a fast-growing sector

It has a diversified list of more than 400 clients including Joyalukkas India, JC Jewelers Chennai Pvt, Thangamayil Jewellery, Magal Jewelery, and New KVM Jewellers, with no client contributing more than 5%.

It plans to open a 10,000 sq. ft. showroom in Chennai by May and looking to open five to-six showrooms (of 1,000 sq. ft. each) in the medium to long term. We forecast 44% revenue CAGR over FY24–27 driven by higher volume and exports.

Stocks Picker Articles

23 Feb 2025 06:52

REC Ltd Concall Notes - Feb 2025


Q3 FY'25 Earnings Performance:

Disbursement for the first 9 months stands at ₹1,45,647 crores, an increase compared to ₹1,61,462 crores in the previous financial year.
Highest ever disbursement recorded in Q3 at ₹54,692 crores.
Loan assets/asset under management grew by 14% in Q3, with expectations of 15% to 17% growth in Q4.
Targeting asset under management to reach ₹10 lakh crores by the end of 2030.
Profit after tax increased by 15% to ₹11,477 crores.
Sectoral Performance:

Significant growth in renewable energy project disbursements, up 79% in the first 9 months.
Non-power infrastructure and logistics disbursements grew by 30%.
Financial Metrics:

Cost of funds reduced to 7.15%.
Spread increased by 12 basis points to 2.94%.
Net interest margin improved by 12 basis points to 3.64%.
Return on net worth at 21.07%.
Debt-to-equity ratio at 6.38 times; capital adequacy ratio at 25.33%.
Net NPA decreased to 0.74%; gross NPA reduced to 1.95%.
Asset Recovery Insights:

Anticipated recovery from four operating assets:

KSK Mahanadi: 154% recovery expected with ₹908 crores of provisioning reversal.
Sinnar Thermal: 52.65% recovery expected with ₹761 crores of provisioning reversal.
Hiranmaye: 82.75% recovery expected with ₹440 crores of provisioning reversal.
Bhadreshwar: ₹42.59 crores of provisioning reversal expected.
Total provisioning reversal from these assets expected to be around ₹2,200 crores, with resolutions likely by December 2025.
Operational Highlights:

REC sanctioned ₹2,71,814 crores worth of projects in 9 months, including ₹79,135 crores for renewable projects.
Outstanding loan book at ₹5,65,621 crores as of December 31, 2024, reflecting a 14% year-on-year increase.
Healthy asset quality with a provision coverage ratio of 61.88%.
Market Positioning:

REC enjoys the highest domestic ratings of AAA from major rating agencies, and a par rating with India's sovereign rating internationally.
The company is a strategic player in the Indian power sector and is diversifying into non-power infrastructure and logistics.
Dividend and Recognition:

Declared third interim dividend of ₹4.30 per share, totaling ₹11.8 per share for the financial year.
Awarded the Gold Shield for excellence in financial reporting by ICAI for FY 2023-24.
Future Outlook:

Management confident about sustaining growth in disbursements and asset quality.
Targeting to increase private sector exposure to 30% by 2030, primarily through renewable energy projects.
Anticipated growth in RDSS (Revamped Distribution Sector Scheme) disbursements as projects gain traction.
Management optimistic about maintaining NIMs above 3.65% to 3.7% in the coming years.
Challenges:

Elevated repayment rates in the distribution sector attributed to the RBPF (Revolving Bill Payment Facility) scheme.
Delays in signing PPAs (Power Purchase Agreements) may impact project financing timelines, but management maintains that funding will continue post-PPA signing.

Stocks Picker Articles

22 Feb 2025 11:16

DIAMOND INFRA : Diamond Power Infrastructure has started a new MV extrusion line, boosting its capacity to 800 km/month across five lines.

It plans to add four more lines by September 2025, reaching 1,350 km/month.

Another line is set for commissioning by March 2025.

MV cables, used for power transmission (1–36 kV), serve industrial, commercial, and residential needs.

Co. to Invest Rs 12 Cr For This expansion

Stocks Picker Articles

22 Feb 2025 07:01

Weak eco data spooks WallStreet on Friday, here's an update

US Market Ends With Sharp Cuts On Friday, S&P, Nasdaq Down Nearly 2% each

Dow Drops 700 Points For Worst Day Of 2025 So Far On New Fears About Economic Growth

University of Michigan consumer sentiment index fell to 64.7 in Feb, a decline of nearly 10% & a steeper drop than expected

Home sales in the U.S. fell more than expected last month to 4.08 million units

S&P Global US Feb Mfg PMI At 51.6, Below Dow Jones Estimate Of 52.8

S&P Global US Services PMI Falls To 49.7, economists had forecast of 52.8

S&P Global US Services PMI Falls To its lowest level in more than two years

US 10-yr yield Drops As Traders Seek Safety From Stock Market

Stocks Picker Articles

22 Feb 2025 04:55

Mutual Funds Increasing Holdings! (QoQ)

✅ Awfis Space
✅ IndusInd Bank
✅ Sundaram Clayton
✅ Sai Life Sciences
✅ Mahanagar Gas Ltd
✅ PG Electroplast
✅ Wonderla Holidays
✅ Home First Finance

Stocks Picker Articles

21 Feb 2025 18:32

Smallcap index rejig

Stocks Picker Articles

21 Feb 2025 17:47

companies are getting replaced in Nifty Midcap 150.

Effective from March 28

Stocks Picker Articles

24 Feb 2025 05:37

☀️ FII BUYING STOCKS

👉15 STOCKS WHERE FII HAVE INCREASED STAKE MORE THAN 5%

1. Mercury Trade Links

⚡Market Cap: ₹ 33.1 Cr.
⚡Current Price: ₹ 24.3
⚡FII holding: 31.5 %
⚡Chg in FII Hold: 9.48 %

2. GE Vernova T&D India Ltd

⚡Market Cap: ₹ 36,268 Cr.
⚡Current Price: ₹ 1,416
⚡FII holding: 12.0 %
⚡Chg in FII Hold: 5.22 %

3. One Point One Ltd

⚡Market Cap: ₹ 1,251 Cr.
⚡Current Price: ₹ 49.0
⚡FII holding: 16.5 %
⚡Chg in FII Hold: 13.3 %

4. GMM Pfaudler Ltd

⚡Market Cap: ₹ 5,015 Cr.
⚡Current Price: ₹ 1,116
⚡FII holding: 19.7 %
⚡Chg in FII Hold: 5.05 %

5. Elitecon International Ltd

⚡Market Cap: ₹ 24.9 Cr.
⚡Current Price: ₹ 206
⚡FII holding: 38.3 %
⚡Chg in FII Hold: 22.8 %

6. Mos Utility Ltd

⚡Market Cap: ₹ 621 Cr.
⚡Current Price: ₹ 249
⚡FII holding: 19.0 %
⚡Chg in FII Hold: 18.0 %

7. Sudarshan Pharma Industries Ltd

⚡Market Cap: ₹ 792 Cr.
⚡Current Price: ₹ 32.9
⚡FII holding: 13.1 %
⚡Chg in FII Hold: 11.7 %

8. Home First Finance Company India

⚡Market Cap: ₹ 8,394 Cr.
⚡Current Price: ₹ 934
⚡FII holding: 37.9 %
⚡Chg in FII Hold: 12.3 %

9. Himatsingka Siede

⚡Market Cap: ₹ 1,614 Cr.
⚡Current Price: ₹ 128
⚡FII holding: 12.1 %
⚡Chg in FII Hold: 8.74 %

10.Pashupati Cotspin Ltd

⚡Market Cap: ₹ 992 Cr.
⚡Current Price: ₹ 629
⚡FII holding: 10.1 %
⚡Chg in FII Hold: 9.69 %

11. Sammaan Capital Ltd

⚡Market Cap: ₹ 9,871 Cr.
⚡Current Price: ₹ 119
⚡FII holding: 27.4 %
⚡Chg in FII Hold; 7.64 %

12. Lerthai Finance Ltd

⚡Market Cap: ₹ 29.1 Cr.
⚡Current Price: ₹ 415
⚡FII holding: 16.1 %
⚡Chg in FII Hold: 16.1 %

13. Balaji Telefilms Ltd

⚡Market Cap: ₹ 688 Cr.
⚡Current Price: ₹ 57.7
⚡FII holding: 25.2 %
⚡Chg in FII Hold: 6.71 %

14. IDFC First Bank Ltd

⚡Market Cap: ₹ 44,432 Cr.
⚡Current Price: ₹ 60.6
⚡FII holding: 27.1 %
⚡Chg in FII Hold: 7.55 %

15. Indiabulls Enterprises Ltd

⚡Market Cap: ₹ 355 Cr.
⚡Current Price: ₹ 18.0
⚡FII holding: 17.2 %
⚡Chg in FII Hold: 17.1 %

Stocks Picker Articles

24 Feb 2025 04:40

📢 Bain Capital to Acquire Controlling Stake in Manappuram Finance in ₹9,000-10,000 Cr Deal

👉🏻 Bain Capital finalizing deal to acquire a controlling stake in Manappuram Finance

👉🏻 Stake Purchase Mode: Preferential allotment, secondary share sale & open offer

👉🏻 Current Promoter Holding: 35.2%

👉🏻 Market Cap: ₹17,000 Cr

👉🏻 AUM Mix: 55% Gold Loans, 21% MSME, 12% Housing Finance, 7% Onlending, 4% VEF

Stocks Picker Articles

24 Feb 2025 04:18

More than 18k members in the channel, not even 1% use emojis on posts. Not asking anything that's chargeable, emojis are free. Whichever post you like use emojis which inspires me to post more.

Stocks Picker Articles

24 Feb 2025 04:10

*Forthcoming Event*

24th February: Dipna Pharmachem, Gujarat Natural Resources, Pressure Sensitive Systems (India), RDB Real Estate Constructions, Welspun Specialty Solutions to consider Fund Raising; Lucent Industries to consider Amalgamation

25th February: AAYUSH to consider Dividend; Darshan Orna, Dhanashree Electronics, Equinox India Developments, Shyamkamal Investments, Yash Trading & Finance to consider Fund Raising

26th February: Emami Realty, Utkarsh Small Finance Bank, Zota Health Care, Medicamen Biotech to consider Fund Raising; Vesuvius India to consider Dividend & Stock Split

27th February: CAPINVIT, KSB, SANOFI, SCHAEFFLER to consider Dividend; Gujarat Cotex, Taylormade Renewables to consider Fund Raising; Shantai Industries to consider Stock Split

28th February: FOSECOIND, IGIL, METROBRAND to consider Dividend; ATN International to consider Voluntary Delisting; Som Distilleries & Breweries to consider Fund Raising

Stocks Picker Articles

24 Feb 2025 03:48

*Bulk Deal & Insider Trade Update*

*Bulk Deals*
*Stallion Ind Fluorochem L: Neomile Growth Fund - Series I Buy 2444553 Shares @ Rs. 73.6
*Stallion Ind Fluorochem L: Craft Emerging Market Fund Pcc- Citadel Capital Fund Sell 552471 Shares @ Rs. 74

*Block Deals*
*Alkem Laboratories Ltd.: Sbi Mutual Fund Buy 641712 Shares @ Rs. 4680
*Pi Opportunities Aif V Llp Buy 109600 Shares of Adaniports @ Rs. 1082.6
*Tarish Investment And Trading Company Private Limited Sell 109600 Shares of Adaniports @ Rs. 1082.6
*Pi Opportunities Aif V Llp Buy 514500 Shares of Ambujacem @ Rs. 477.2
*Tarish Investment And Trading Company Private Limited Sell 514500 Shares of Ambujacem @ Rs. 477.2
*Pi Opportunities Aif V Llp Buy 544420 Shares of Bhartiartl @ Rs. 1638.1
*Tarish Investment And Trading Company Private Limited Sell 544420 Shares of Bhartiartl @ Rs. 1638.1
*Pi Opportunities Aif V Llp Buy 813400 Shares of Hindalco @ Rs. 650.2
*Tarish Investment And Trading Company Private Limited Sell 813400 Shares of Hindalco @ Rs. 650.2
*Pi Opportunities Aif V Llp Buy 333549 Shares of Icicibank @ Rs. 1230.9
*Tarish Investment And Trading Company Private Limited Sell 333549 Shares of Icicibank @ Rs. 1230.9
*Pi Opportunities Aif V Llp Buy 328900 Shares of Infy @ Rs. 1807.15
*Tarish Investment And Trading Company Private Limited Sell 328900 Shares of Infy @ Rs. 1807.15

*Insider Trade*
*Acquisition*
* Ncc Limited: Promoter Group, Acquisition 174000 shares
* Bliss Gvs Pharma Ltd.: Mr. Narsimha Shibroor Kamath, Promoter, Acquisition 100000 shares
* Baid Finserv Ltd: Dream Realmart Private Limited, Promoter Group, Acquisition 1325000 shares on 21-Feb-25
* Ador Welding Ltd.: Aditya Tarachand Malkani, Promoter & Director, Acquisition 4475 shares on 18-Feb-25
* Jindal Steel & Power Ltd.: Jindal Power Limited, Promoter Group, Acquisition 376579 shares on 17-Feb-25
* Godrej Properties Ltd: Godrej Seeds & Genetics Limited, Promoter Group, Acquisition 48949 shares on 18-Feb-25
* Alembic Pharmaceuticals Ltd.: Chirayu Ramanbhai Amin HUF, Promoter Group, Acquisition 959 shares on 20-Feb-25

*Disposal*
* Baid Finserv Ltd: Dream Prime Developers Private Limited, Promoter Group, Disposal 1325000 shares on 21-Feb-25

*Dividend Update*
*ASM Technologies Ltd.: Interim Dividend Rs. 1.00; Ex Date: 24-Feb-2025
*Prithvi Exchange (India) Ltd.: Interim Dividend Rs. 1.00; Ex Date: 24-Feb-2025

Stocks Picker Articles

24 Feb 2025 02:54

FTSE semi annual review
The changes will be effective after the close of business on Friday, 21 March 2025 (i.e. on Monday, 24 March 2025)

Changes in FTSE Global Equity Index series
Added to Large Cap: Bajaj Hiusing Finance, Indusind Bank, Premier Energies.

36 stocks added to Small cap, 63 stocks added to Microcap , several shifts from Mid to Small, Smal to Mid, Mid to large etc

Brightcom Group: Deleated from Small cap

Stocks to be included in FTSE All world Index ( This is most important)
360 ONE WAM, Ajanta Pharma, Apar Industries, Bajaj Housing Finance, Blue Star-B1, BSE, Central Depository Services (India), Crisil, Fertilisers and Chemicals Travancore, Fortis Healthcare, IndusInd Bank, Kaynes Technology India, National Aluminium, and Premier Energies.

Exclusion from FTSE All world Index : Rajesh Exports

Inclusion in FTSE ALL cap Index
Total 40 inclusion : Aadhar Housing, Indusind Bank Raymond Lifestyle
Exclusion: Brightcom Group, Nexus select trust
FTSE Total Cap Index: Total 92 Inclusions and 32 exclusions

Stocks Picker Articles

24 Feb 2025 02:42

*Stocks in News*


*RVNL:* Company emerged lowest bidder for a
South Western Railway project worth Rs 156.35 crore. (Positive)

*Lupin:* US FDA issues EstablishmentInspection Report (EIR) for company’s manufacturing facility in Somerset, New
Jersey (Positive)

*RailTel:* Company bags work order worth Rs288 crore from East Central Railway. (Positive)

*JTL Industries:* Company Enters MOU with
RCI for 200 Mt/Month Copper And Brass Alloys. (Positive)

*Onesource Specialty:* Care Ratings Ltdupgraded Company’s long-term bank facilities to CARE BBB+ from CARE BB+. (Positive)

*Vedanta:* Company has been declared as the
preferred bidder for Madhya Pradesh’s Kauhari Diamond block. (Positive)

*Ami Organics:* Board approved thesub-division of existing equity shares (face value Rs. 10) into two equity
shares (face value Rs. 5). (Positive)

*Mahindra EPC:* Company has been awarded acontract for the supply of micro irrigation systems under a community micro
irrigation project with contract value Rs 11.11 cr. (Positive)

*Crompton Greaves:* Company launched newproducts "Surebreeze Super Briz Royale" and "Eco Deco". (Positive)

*Vesuvius:* Company’s board meeting to review
FY24 financials, recommend dividends, and propose a stock split/sub-division. (Positive)

*Zee Media:* Shareholders vote to increaseFPI investment limit to 49%. (Positive)

*Hazoor Multi Projects:* Company has been
awarded a project for reinforcement steel cutting, bending, fixing, andstructural steel fabrication for the Versova Bandra Sea Link project in
Mumbai. The total value of the awardedorder is Rs 102.1 crores. (Positive)

*Zaggle:* Company entered into a customer
service agreement with Indus Tower. (Positive)

*TCS:* Company Partners with Salesforce toUnlock the Power of AI for Manufacturers, semiconductor chip makers. (Positive)

*Balrampur Chini:* Company has started
building India's first Polylactic Acid (PLA) biopolymer plant in Uttar Pradesh.(Positive)

*Zydus Lifesciences:* Company has received
USFDA approval to manufacture Ibuprofen and Famotidine tablets (Positive)

*Optiemus:* Company is subscribing to 2.38Cr shares in Bharat Innovative Glass Technologies Pvt Ltd (Positive)

*Lemon Tree:* Company signs a new property
in Rajasthan (Positive)

*Oil India:* Company to form a JV withAssam Power Generation Corporation (Positive)

*Gabriel:* Company has signed a Technical
Assistance Agreement with Tractive suspension BV. (Positive)

*Bikaji Foods:* USA subsidiary, to expandand strengthen distribution in the USA. (Positive)

*Som Distilleries:* Company announced the
allotment of 2,428,040 equity shares to promoters. (Positive)

*PI Ind:* Company and C-CAMP AnnounceStrategic Partnership to Drive Innovation in Biocontrol Technologies (Positive)

*FTSE review inclusions:* Ajanta Pharma,
Apar Ind, Bajaj Housing Finance, Blue Star, NALCO, BSE, CRISIL, CDSL, Fortis,FACT, Indusind Bank, Premier Energies and Kaynes. (Positive)

*Adani Green Energy:* Company has launched
a 250 MW solar power project in Rajasthan (Positive)

*Coal India/PSP Projects:* Coal India signsnon-binding shareholders agreement with EDF India to form a JV to undertake PSP
projects and renewable energy projects in India and neighboring countries (Positive)

*KP Energy:* Company has successfullycommissioned further 2.8 MW wind power project consisting of one number of wind
turbine generator, at Vagra Site (Neutral)

*ABB India:* Company Aims To Sustain Up to15% Margin In FY26 As Backlog Conversion Impact Eases. (Neutral)

*Tata Steel:* CEO flags risks from US trade
policies on steel sector. (Neutral)

*Ujjivan Small Finance Bank:* Boardapproves sale of NPA & written-off loans to Asset Reconstruction Company
(ARC) (Neutral)

*Brigade:* Group to invest ₹1,500 crore inKerala over next 5 years. (Neutral)

*Niva Bupa Health:* Company has received
communication(s) from an anonymous sender. The threat actor claims to have thecustomer data of Niva Bupa (Neutral)

Stocks Picker Articles

23 Feb 2025 11:42

Saregama India Ltd Concall Notes - Feb 2025


Financial Performance:

Q3 FY '25 operating revenues stood at ₹483 crores, with a profit before tax (PBT) of ₹84 crores.
Revenue growth exceeded guidance of 30% for FY '25, with adjusted EBITDA increasing by 25% year-on-year.
58% of quarterly revenue derived from live events, contributing only ₹22 crores to profit, resulting in adjusted EBITDA margin dropping to 21%. Excluding events, adjusted EBITDA maintained a healthy 40%.
Management emphasizes evaluating performance on a rolling 12-month basis rather than quarterly.
Music Business:

Music licensing and artist management grew by nearly 20% year-on-year.
YouTube revenues continued to grow; audio streaming is moving towards paid subscription models.
The closure of Airtel Wynk, a free audio service, is expected to cause short-term pain but is viewed positively for the industry as it pushes remaining players towards paid subscriptions.
The publishing business is thriving, with major web shows and films licensing Saregama songs, enhancing brand visibility.
Content Investment Strategy:

Saregama has aggressively invested in new content, with ₹235 crores spent in the first nine months and an expected ₹300 crores for the entire fiscal year.
The company aims to future-proof itself by diversifying content across various languages and genres, including a significant push into hip-hop music.
The company is focusing on data-driven models for music acquisition to enhance hit ratios.
Live Events and Artist Management:

The live events business has shown substantial growth, highlighted by the success of the Dil Luminati tour, which set a benchmark for future events.
Management believes there is significant long-term potential in the live events vertical as disposable incomes rise and consumers seek experiential entertainment.
Artist management is expanding, with the addition of popular artists like Tony Kakkar and Rehaan Roy, which is expected to drive revenues through live events and brand endorsements.
Video Content Strategy:

The video vertical, including Yoodlee films and Dice Media digital series, is still in early stages, with expectations of 25% CAGR growth over the next five years.
A conservative approach was taken this quarter, resulting in a charge-off of an unsold movie, which is considered a non-cash expense.
Challenges and Outlook:

Management acknowledges that the current investment in new content results in a temporary mismatch between revenue growth and charge-offs, expected to stabilize over the next four quarters.
The company maintains a five-year payback period for content investments, projecting significant returns in subsequent years.
Overall, the management is optimistic about the growth trajectory, expecting the music vertical to grow at 22-23% CAGR and PBT to double over the next three to four years.
The digital footprint of Saregama has expanded, with 324 million followers across platforms, reflecting increased consumer engagement.
Dividends:

The Board declared an interim dividend of ₹4.5 per share.

Stocks Picker Articles

23 Feb 2025 06:54

📉 FPI Net Selling Surges in 2025

🔹 Massive Outflows
📆 As of Feb 21, FPIs have pulled out ₹2,23,710 Cr
📆 In just 50 days, total outflows hit ₹71.05 Lakh Cr

🔹 Comparing Trends
📆 Jan 2025: Outflows stood at ₹7,78,027 Cr
📆 2023: FPIs had recorded inflows of ₹71.7 Lakh Cr
📆 2024: Record pullout of ₹7.2 Lakh Cr in Oct-Nov

🔹 Sell India, Buy China Trade 🏦
📈 Since Oct 2024:
- 🇮🇳 India's market cap fell by $1 Trillion
- 🇨🇳 China's market cap rose by $2 Trillion

🔹 China’s Policy Boost 🚀
✅ Economic stimulus announced in Sep 2024
✅ Regulatory easing & investor-friendly measures

🔹 Market Sentiment 🏛️
📉 'Trump Trade' - FPIs move to US assets
📈 'Sell India, Buy China' gains momentum

🔹 Future Outlook 🔍
📊 FPIs may return with:
- 📈 Stronger corporate earnings
- 📊 Economic & macro stability
- 🏗️ Growth drivers: Digital, Infra, Domestic Demand

Stocks Picker Articles

23 Feb 2025 04:08

Happy Forgings Ltd Concall Notes - Feb 2025

Financial Performance:

For 9M FY25:

Achieved growth in absolute revenue, EBITDA, and PAT despite persistent challenges across key industrial sectors.
Domestic business (81% of revenues) grew by 7% YoY; direct exports (19% of revenues) grew by 4% YoY.
Average realizations improved by 4%, with volumes increasing by 1.5%.
Revenue, EBITDA, and PAT grew by 5.5%, 8.2%, and 14.3% YoY, respectively, adjusted for previous year's higher realization from a single export order.
Q3 FY25 Highlights:

Revenue stood at ₹354 crores, a growth of 3.6% YoY, despite a decline in steel prices affecting revenue growth.
EBITDA for Q3 was ₹101 crores, representing a growth of 6.6% YoY, with an EBITDA margin of 28.6%.
Profit After Tax (PAT) for Q3 was ₹65 crores, translating to a PAT margin of 18.2%.
Segmental Performance:

Commercial Vehicle (CV) Sector:

Domestic CV sector saw muted growth due to delays in fund releases and slower financing approvals.
Industry data indicates a 7% YoY decline in the medium and heavy truck segment for 9M FY25.
Anticipate gradual recovery in Q4 supported by government incentives as infrastructure activity gains momentum.
Farm Equipment:

Promising signs of recovery with OEM sales data indicating positive growth; domestic sales outperformed industry production growth.
Export and export-dependent sales faced decline due to significant degrowth in EU and North American markets.
Industrial Business:

Significant growth year-on-year; share increased from 11% to 14% of overall revenues in 9M FY25.
Higher margin and higher ROCE contributor; growth seen in sales for most clients, particularly those onboarded in recent years.
Off-Highway Segment:

Facing headwinds in export markets with double-digit decline affecting sales, but maintaining market share.
Passenger Vehicles:

Contributes 4% of total sales; received an order valued at approximately ₹140 crores for deliveries starting in FY '26, expecting peak annual revenue of ₹30-50 crores from this order.
Capex Plans:

Announced a significant ₹650 crore capex investment to establish state-of-the-art forging capabilities in heavyweight components.
Focus on large crankshafts, axles, gears, oil and gas valves, and precision machined components.
Facility to be the first of its kind in Asia and second largest globally, targeting high potential markets (power generation, marine, mining, oil and gas, wind energy, aerospace, and defense).
Investment to be spread over 2 to 3 years, primarily funded through internal accruals and partially through debt; production expected to begin in FY '27.
Market Outlook & Challenges:

Export share currently at 19% directly; potential headwinds from EU and North American market slowdowns, particularly in CV and farm equipment sectors.
Anticipate challenges due to tariff hikes in the US, but management remains optimistic due to limited exposure and ongoing product development.
Current tariff structure for North America remains unclear; management does not foresee immediate threats from tariffs due to competitive advantages and existing testing timelines.
New Developments & Product Launches:

Strong focus on expanding wallet share and exploring new product launches and geographic diversification.
New customer orders and product developments in the pipeline, particularly in the Industrial and PV sectors.
Development of new products, including small crankshafts for portable gensets and components for heavy axle programs in the industrial sector.
Margin Guidance:

Expecting asset turns of 1.2 to 1.3x; even at 0.8x utilization, projected ROCE upwards of 30%.
Anticipated margins for new capex projects expected to stabilize around 30% EBITDA margin with strong gross margin requirements.
Overall, while facing some industry challenges, management remains confident about growth prospects driven by strategic investments, product diversification, and recovery in key markets.

Stocks Picker Articles

22 Feb 2025 11:16

KINETC ENGINEERING; Kinetic Group announces under the brand name Range-X 60,000 units per year battery manufacturing facility in Ahmednagar

With a ₹50 crore investment, the Ahmednagar facility marks the Group’s entry into EV battery manufacturing. It will produce 60,000 Range-X battery packs annually for two- and three-wheelers, including LFP and NMC types. The company plans to supply OEMs beyond Kinetic Group and is also developing prismatic cells for three-wheelers.

The company is also set to manufacture Nickel Manganese Cobalt (NMC) batteries built on exceptional energy density technology providing longer lasting power for a wide range of applications. The NMC batteries will deliver superior performance with a high charge-discharge rate, ensuring reliable operation even under demanding conditions.

India's EV market is projected to grow at a 28.52% CAGR, reaching $18.3 billion by 2029.

Stocks Picker Articles

22 Feb 2025 06:37

ZOMATO, JIO FINANCIAL

To be added in Nifty 50 Index from March 28

Britannia and BPCL to be excluded from the index

Inclusion based on criteria of free-float market capitalization and other factors

WHAT FLOWS CAN WE EXPECT?

This could trigger significant trading volumes and inflows of $702 million for Zomato and $404 million for Jio Financial.

Bharat Petroleum and Britannia Industries may face outflows of $240 million and $260 million, respectively

Src-JM Financial

Stocks Picker Articles

22 Feb 2025 03:49

Motilal Oswal MidCap Fund

100% exited Zomato , Deepak Nitrite
Decresed positions in IGL, CDSL, Motilal Oswal Fin Ser

Added: Trent

Stocks Picker Articles

21 Feb 2025 17:51

Instl. Investors EQUITY Cash Trades PROV. - 21/02/2025 : Rs. CRS. :

FIIS : SELL -3,449 (10,144-13,593)

DIIS : BUY +2,884 (12,889-10,005)

Stocks Picker Articles

21 Feb 2025 17:44

Antique on

Bayer Cropscience: HOLD | TP 5340 | Subdued performance

Birla Corporation: BUY | TP 1450 | A sizeable asset at an attractive valuation