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26 Feb 2025 11:34

WIPRO ; Wipro Commits $200 Million in Fresh Investment to Wipro Ventures

The investment marks Wipro’s decade-long commitment to investing in disruptive technologies through Wipro Ventures

This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company’s investments in early- to mid-stage startups.

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26 Feb 2025 07:05

Companies With Huge Orderbook

1) L&T: 4.75 Lk Cr
2) BHEL: 1.31 Lk Cr
3) HAL: 94,130 Cr
4) BEL: 75,350 Cr
5) Kalpataru Proj: 54,874 Cr
6) Siemens: 40,733 Cr
7) KEC Intl: 29,644 Cr
8) BEML: 11,873
9) Thermax: 10,111 Cr
10) ABB: 8404 Cr
11) EIL: 7823 Cr
12) GE T&D: 6273 Cr
13) Praj Ind: 3855 Cr
14) Triveni Turbine: 1552 Cr
15) Kirloskar Pneumatic: 1475 Cr
16) Voltamp: 841 Cr

Stocks Picker Articles

26 Feb 2025 05:33

BHARTI AIRTEL: CLARIFICATION ON MERGER DEAL WITH TATA PLAY

Co. says Bharti Airtel Limited ('Airtel') and TATA Group are in bilateral discussions to explore a potential transaction to achieve a combination of TAΤΑ Group's Direct To Home ('DTH') business housed under Tata Play Limited, with Bharti Telemedia Limited, a subsidiary of Airtel, in a structure acceptable to all parties

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26 Feb 2025 05:20

SBi SECURITY PICK OF THE WEEK

BEL
BUY
CMP: 258
TARGET: 297
POTENTIAL UPSIDE : 15%
DURATION: 12 MONTH

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26 Feb 2025 03:55

Happy Mahashivratri!

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25 Feb 2025 18:02

Mirae Asset Sharekhan Results Review on Capital Goods and Power- Mixed Q3- Stay selective

Capital goods
L&T | Buy | TP 4,550 |
Bharat Electronics | Buy | TP 380 |
Finolex Cables | Buy | TP 1,300 |
KEC International | Buy | TP 1,000 |
Kalpataru Projects | Buy | TP 1,570 |
Ratnamani Metals | Hold | UR |
Thermax | Hold | TP 3,553 |
Triveni Turbine | Buy | TP 750 |
V-Guard Industries | Buy | TP 460 |
KEI Industries | Hold | TP 4,600 |
Polycab India | Buy | TP 8,300 |
Dixon Technologies | Buy | TP 19,440 |
Amber Enterprises | Buy | TP 8,142 |
Cummins India | Buy | TP 4,000 |
Blue Star Limited | Hold | TP 1,950 |
Carborundum Universal | Hold | TP 1,620 |
Honeywell Automation | Hold | TP 39,000 |
Va Tech Wabag | Buy | TP 1,650 |
Soft Coverage
Hindustan Aeronautics | Positive | TP 5100 |
Dee Development Engineers | Positive | TP 300 |
Kirloskar Oil Engines | Positive | TP 1100 |
Power
NTPC | Buy | TP 380 |
Power Grid | Buy | TP 350 |
Tata Power | Buy | TP 485 |
CESC | Buy | TP 195 |

Stocks Picker Articles

25 Feb 2025 17:15

TATA STEEL: Tata Steel Acquires $1.24B ( ₹10,726.85 crore*) Stake in T Steel Holdings

The present fund infusion will be used by TSHP to repay external debt at offshore entities and to support the restructuring at Tata Steel UK Limited, wholly owned subsidiary of Tata Steel Limited.

Tata Steel Limited holds 100% equity shareholding in TSHP.

Post the transaction, Tata Steel Limited will continue to hold 100% of equity shareholding in TSHP

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25 Feb 2025 16:08

Order Book dominates Market Cap

NBCC (India) Ltd
Market Cap: ₹ 21,319 Cr.
Order Book: ₹ 1,00,000 Cr.

NCC Ltd
Market Cap: ₹ 11,483 Cr.
Order Book: ₹ 51,834 Cr.

PNC Infratech Ltd
Market Cap: ₹ 7,148 Cr.
Order Book: ₹ 18,962 Cr.

ITD Cementation India Ltd
Market Cap: ₹ 9,021 Cr.
Order Book: ₹ 19,893 Cr.

H.G. Infra Engineering Ltd
Market Cap: ₹ 7,032 Cr.
Order Book: ₹ 15,080 Cr.

Ircon International Ltd
Market Cap: ₹ 14,479 Cr.
Order Book: ₹ 21,939 Cr.

Stocks Picker Articles

25 Feb 2025 15:19

Top Losers Over 1 Year (Above 30%)

BSE PSUs

🔻Chennai Petroleum -51.5%
🔻MMTC -48.1%
🔻MRPL -46.5%
🔻Oil India -45.4%
🔻IRCON Int. -42.1%
🔻New India Assurance -41.1%
🔻KIOCL -39.5%
🔻HUDCO -37.5%
🔻Cochin Shipyard -37.4%
🔻IFCI -37.4%
🔻Mishra Dhatu -37.2%
🔻RVNL -36.6%
🔻RCF -36.4%
🔻REC -34.6%
🔻BHEL -34.3%
🔻Rites -33.9%
🔻NBCC -33.9%
🔻Gujarat Gas -33.5%
🔻IREDA -33.3%
🔻SJVN -33.1%
🔻BEML -33.1%
🔻Coal India -32.9%
🔻CONCOR -32.0%
🔻HAL -31.9%
🔻NMDC -31.9%
🔻IOC -31.5%
🔻Hindustan Copper -31.3%
🔻GMDC -31.0%
🔻Punjab and Sind Bank -30.4%
🔻GAIL -30.0%

Stocks Picker Articles

25 Feb 2025 13:47

Fund Flow Activity:
25 February 2025 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 75029.98 + 3530.28 Total: 78560.26
F&O Volume: 12401103.82 + 29486508.61 Total: 41887612.43

Provisional Cash

FII/FPI: NET SELL: -3529.1
(12500.37 - 16029.47)

DII: NET BUY: +3030.78
(11278.09 - 8247.31)

Stocks Picker Articles

25 Feb 2025 12:36

*NEW EQUATIONS*

*SEBI proposes changing Open Interest (OI) calculation in equity derivatives from notional terms to a Future Equivalent (Delta-based) approach. Key goals*

*Prevent stocks from entering the ban period unnecessarily*

Strengthen position limits for index derivatives.

Minimal impact on small investors, reducing trading disruptions.

*SEBI also seeks feedback*

*Pre-open and post-closing sessions for derivatives*

Revised position limits for single stocks.

Eligibility criteria for derivatives on non-benchmark indices.

SEBI aims to shift Open Interest (OI) calculation to a Future Equivalent (Delta-based) approach for better risk assessment. Key reasons:

*Notional-based OI can be manipulated, distorting risk exposure*.

Delta-based OI provides a clearer view by combining futures and options exposure.

Helps align derivatives activity with cash market trends.

*New MWPL Formula: Set as the lower of (15% of free-float market cap) or (60× ADDV in cash market), recalculated quarterly*

Impact: Backtesting shows a 90% drop in ban period instances (from 366 to 27), reducing manipulation risks.

Index Derivatives: No MWPL currently; SEBI will assess the need for one to maintain market stability

SEBI plans to revamp F&O open interest calculation

New Ol calculation to be based on Delta

New Change will reduce chances of stock entering F&O Ban

SEBI stimulation shows reduction in BAN by 90% for F&O stocks

Stocks Picker Articles

25 Feb 2025 12:18

HCLTech's C Vijayakumar says

Not the time for Indian IT industry to be complacent

Indian IT services is at an inflection point

Industry should be proactive in adapting changes

See potential for further simplification in Al

Changes in the biz mix could alter margin profile

Focussing on growth creates more value than margins

Growth with stable margins offers a premium

Growth with stable margins offers a premium

Plan is to invest in key areas to remain relevant

Double-digit industry growth is achievable

Cos can grow at 5% without adding people by 2030

Not seeing change in the competitive landscape competitive landscap

Al to fuel a shift in profit pools going forward

Cos need to reinvent as Al takes centrestage

Strong focus on India w.r.t. software biz

Stocks Picker Articles

25 Feb 2025 09:09

JIM ROGERS says Trump will do whatever he thinks is best for America

Own US dollar, don't own any other currencies

Sold positions from the US equity market; see a lot of uncertainty due to Trump-led policy changes

Own silver, will buy more silver soon; not adding to the gold position

Optimistic about India and Indian markets

Expect the Indian market to become cheaper due to FII exodus

Believe it is the right time to invest in India

Agriculture is one of the best sectors in the world to invest in - ET

Stocks Picker Articles

25 Feb 2025 08:45

VARUN BEVERAGES, DABUR , ITC

Reliance's ₹10 Campa Cola pricing sparks a beverage price war, forcing rivals Like Dabur, ITC, and Coca-Cola to cut prices and offer deals, boosting summer sales but risking profits - ET REPORTS

Stocks Picker Articles

25 Feb 2025 08:21

*FPI ownership in Nifty50 hits 12-year low, promoter share at 2- decade low*

In the December quarter, it is not only the stakes of foreign portfolio investors (FPIs) in Indian companies that went down, but promoter share also fell for the second time in a row, taking their ownership in Nifty50 companies to the lowest level in more than two decades, according to data analysed by the National Stock Exchange.

FPI share in ownership of Nifty50 companies fell to a 12-year low of 24.3 per cent, and to a 13-year low in listed companies at 17.4 per cent. However, their share in ownership of Nifty 500 index remained steady — an obvious indicator of their relentless selling of large-cap shares.

Promoters have been selling stake in companies they own and according to the data, total promoter ownership in NSE-listed and Nifty 500 companies declined by 67 bps and 92 bps quarter-on-quarter to 50.4 per cent and 49.6 per cent, respectively, marking the second consecutive decline after four quarters of steady gains, NSE said.

“The decline was broad-based across all promoter categories, with the most significant reduction seen in the Government holding,” it said, pointing out that in the Nifty50 universe the drop was more pronounced at 96 bps qoq bringing promoter ownership to 41.4 per cent, its lowest level in more than two decades.

The drop in ownership share by FPIs and promoters was accompanied by a simultaneous increase by domestic mutual funds, who have been picking up the slack. Their share has increased to a record 10 per cent, investors keep pumping money into schemes in monthly instalments.

*_FPI selling_*
After inching up marginally in the September quarter, FPI ownership in NSE listed, and Nifty 50 companies fell on the back of significant outflows by FPIs in the December quarter, amounting to $11.9 billion. In value terms, FPI holding in NSE listed companies dipped by 8.3 per cent qoq to ₹75.8 lakh crore, marking the first quarterly drop in the last seven quarters, NSE said.

The study noted that FPIs strengthened their outsized bet on financials, remained positive on communication services, turned incrementally more cautious on consumption and commodity-oriented sectors such as energy, materials, and consumer staples and maintained a perennially negative stance on industrials.

Among other sectors, FPIs retained a neutral stance on consumer discretionary, healthcare, information technology, utilities, and real estate.

*_Retail ownership_*
Individual investors ownership inched up by 20 bps QoQ in the NSE listed companies to a 70-quarter high of 9.8 per cent, corroborating with record investments of Rs 56,000 crore in the December quarter.

Their holding in the Nifty 500 universe rose by a modest 12bps qoq to 8.8 per cent, while that in the Nifty 50 Index remained steady at 8 per cent, reflecting the impact of relative outperformance of mid and small-cap companies and incrementally higher investments in such companies.

NSE said the strong performance of Indian equities, coupled with rising participation, has resulted in a significant increase in household wealth over the last few years. “Our estimates suggest that the household wealth in Indian equities increased by over ₹46 lakh crore in the last five years, and ₹30 lakh crore in the last two years.”

Stocks Picker Articles

26 Feb 2025 08:30

L&T : WINS RS 80.4 CR ORDER

Indian Army has signed a contract on 25 February 2025 for procurement of 223 Automatic Chemical Agent Detection and Alarm (ACADA) systems with M/s L&T Ltd at a cost of Rs 80.43 Cr, under the Buy Indian (IDDM) category.

This will give a significant boost to the GoI’s Atamnirbharta drive since more than 80% of the components and sub-systems of the equipment will be sourced locally.

ACADA has been designed and developed by DRDO’s Defence Research and Development Establishment, Gwalior and marks a significant milestone in the nation’s indigenisation initiative in the niche CBRN domain.

Stocks Picker Articles

26 Feb 2025 07:04

*BREAKING: SEBI’s new rule could shake up Banknifty!*

No index can have <14 shares or >20% weightage for a single stock.

This means either Banknifty gets a new bank added or it might be discontinued altogether.

Traders, brace yourselves!

Stocks Picker Articles

26 Feb 2025 05:33

🇮🇳 Most visited websites in India in January 2025:

1. google - 9.6 billion
2. youtube - 5.1b
3. instagram - 919m
4. facebook - 681m
5. whatsapp - 511m
6. chatgpt - 452m
7. amazon - 388m
8. bing - 294m ↑ 2
9. wikipedia - 279m ↓ 1
10. timesofindia - 230m
11. x - 229m ↑ 2

Stocks Picker Articles

26 Feb 2025 04:59

PhonePe Picks Bankers For It's Mega IPO Eyeing Up To $15 Bn Valuation

The Walmart Owned Fintech Giant Has Picked Kotak Mahindra Capital, JP Morgan, Citigroup And Morgan Stanley As Bankers, More Bankers Might Get Added At A Later Stage

Even At The Minimum Threshold Of 10% Equity Dilution, The IPO Size Even At It's 10% Premium To It's Last Funding Round Valuation Will Be Excess Of 11,000 Cr

The IPO Is Expected To Be A Mix Of Fresh Issue And OFS

As Per Initial Estimates, PhonePe Might Raise ~15000 Cr At 1,20,000 Cr Valuation

PhonePe Currently Has 53 Crore Registered Users, 20 Cr+ Monthly Active Users, 50 Lakh+ Payment Devices Deployed, It Processes 770 Cr+ Transactions On A Monthly Basis

It Has Also Expanded Overseas By Partnering With Six Countries

PhonePe Is Most Likely To Report PAT Profitability In FY26

PhonePe Now Joins The List Of The Indian Big Tech IPOs

Stocks Picker Articles

25 Feb 2025 18:43

Cera Sanitaryware Ltd Concall Notes - Feb 2025


Q3 FY25 Financial Performance:

Revenue from operations increased by 2.9% YoY, from ₹437 crore to ₹449 crore.
EBITDA for the quarter stood at ₹71 crore, reflecting a 5.2% YoY de-growth.
Profit after tax was ₹46 crore, down 9.9% YoY, with EPS at ₹35.56 versus ₹39.12 in Q3 FY24.
EBITDA margins decreased to 13.2% from 13.6% YoY, primarily due to increased operating expenses and additional discounts offered.
Segment Performance:

Sanitaryware contributed 50% and Faucetware 37% to total revenues.
B2B segment showed growth, while retail demand remained subdued.
Faucetware revenue increased by 6% YoY, while Sanitaryware revenue saw a marginal decrease of 0.3%.
Operational Updates:

Developed 158 new SKUs under the Senator brand and launched 104 new SKUs under the CERA brand in Q3 FY25.
Expansion of Faucetware manufacturing capacity to 4 lakh units per month, with utilization rates improving.
Focus on high-end value-added products in the tile offerings, including large 6x4 slabs.
Market Conditions:

Demand challenges persist, with expectations of sluggish growth continuing into FY25.
Anticipated lower single-digit growth for FY25 due to ongoing market conditions, contrary to previous expectations of high single-digit growth.
Union Budget initiatives expected to boost consumer sentiment and discretionary spending, potentially improving demand in the building materials sector.
Strategic Initiatives:

Aim to establish 20-25 exclusive Senator stores by the end of FY25, and 50 additional stores in FY26.
Continuous innovation and expansion of retail presence with a target of showcasing Luxe products in over 100 existing stores by FY26.
Retailer Loyalty Program has enrolled over 23,000 retailers, contributing to 42% of total retail revenue.
Cost Management:

Advertising and marketing spend decreased to ₹14 crore from ₹22 crore YoY, with effective brand recall strategies in place.
Focus on cost optimization, particularly in logistics and labor costs, to enhance operational efficiency.
Guidance and Outlook:

Management optimistic about long-term growth potential despite current headwinds.
Confident in achieving EBITDA margins of 16%-17% once demand improves, with expectations of stabilization in margins as discounts roll back.
Revenue guidance of ₹2,900 crore by March 2027 remains intact, contingent upon market recovery.
Challenges:

Persistent headwinds in the retail segment, with indications that demand has not yet bottomed out.
Increased working capital days due to higher inventory days and receivable days, necessitating close monitoring of cash flow management.

Stocks Picker Articles

25 Feb 2025 18:02

*NASDAQ 100* EXTENDS DECLINES TO 2%

(SELLING HAS SEEN ACROSS ASSETS INCLUDING BULLION, TREASURY YIELDS, ENERGY, CRYPTO AND EQUITIES)

Stocks Picker Articles

25 Feb 2025 17:00

Global Debt Reaches Record $318 Trillion, Rising Debt-to-GDP Poses Risks for Emerging Markets

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25 Feb 2025 15:26

*News Update:* NBFCs gets breather as RBI restores risk weights on loans from banks. RBI restores risk weights for bank lending to NBFCs to 100% from 125% earlier w.e.f April 1, 2025 (The decision came after a long demand from NBFCs for the restoration of risk weight. The changes of risk weight to be useful for reduction of NBFC's cost of credit)

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25 Feb 2025 15:13

25 known names at Year Low

🔻Tata Motors
🔻SBI
🔻Tata Elxsi
🔻Cera Sanitaryware
🔻Sonata Software
🔻Tata Communications
🔻Carborundum Universal
🔻PVR Inox
🔻IRCTC
🔻AIA Engineering
🔻Tata Chemicals
🔻CIE India
🔻Route Mobile
🔻Motherson SWI
🔻Apollo Tyres
🔻Equitas Bank
🔻Alembic Pharma
🔻PGHH
🔻PI Industries
🔻Indiamart Intermesh
🔻Delhivery
🔻Can Fin Homes
🔻Finolex Ind.
🔻Star Health
🔻Jyothy Lab

Stocks Picker Articles

25 Feb 2025 13:35

EPFO’s December 2024 payroll data shows a net addition of 16.05 lakh members, a 9.69% rise from November. Year-on-year, additions grew 2.74%, reflecting better employment and awareness.

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25 Feb 2025 12:20

EPL limited says

👉 Indorama will nominate 1 board member, financial investor as of now with strategic motive

Guidance for business
🎯 Revenue growth in double digits with margin expansion
🎯 ROCE will head towards 20%

Stocks Picker Articles

25 Feb 2025 12:16

SignatureGlobal India Ltd Concall Notes - Feb 2025


Industry Outlook:

The Indian real estate sector is experiencing favorable conditions due to recent policy developments.
The Union Budget 2025 allocates ₹54,832 crore for the Pradhan Mantri Awas Yojana, ₹1 lakh crore for the Urban Challenge Fund, and ₹15,000 crore for the SWAMIH Fund 2.0 to complete an additional 1 lakh units.
RBI's decision to reduce the repo rate by 25 basis points to 6.25% is expected to enhance home loan affordability, particularly benefiting the affordable and mid-income housing segments.
Positive growth trends are particularly evident in the Delhi NCR region, driven by infrastructure development.
Financial Performance Highlights:

Achieved a strong pre-sale of ₹128 billion in the calendar year 2024.
Recorded a profit after tax of ₹40 crore in the first nine months of FY25.
Best-ever performance with pre-sales of ₹86.7 billion, representing a 178% year-on-year growth.
Successful launches include Titanium SPR and Daxin Vistas on the Sohna Corridor.
Operational Strategy:

Focus remains on mid-income housing, with a sustained supply creation strategy leading to demand creation.
Launched several projects in key markets, such as Titanium SPR, DAXIN in Sohna, City of Colors in Manesar, and Twin Tower DXP near Dwarka Expressway.
Sold approximately 3,500 units with an average ticket size of about ₹2.5 crore.
Sales and Collections:

Pre-sales for the previous quarter stood at ₹27.7 billion.
Total collections for the nine-month period exceeded ₹32 billion, with a significant operating surplus of around ₹12 billion.
Collections are improving on a quarterly basis, and the company is confident in achieving its cash flow guidance.
Debt Management:

Net debt reduction is a key focus, with a target to maintain it below 0.5 times the operating surplus.
Surplus generated from collections is being allocated towards land acquisition and debt servicing.
Land Acquisition and Development:

Added approximately 3 million square feet of developable area in Sector 37D and acquired 16 acres of land in Sector 71.
The company has a robust land bank with a GDV potential of about ₹350 billion from 21.6 million square feet of unlaunched projects.
Future Guidance and Market Position:

Maintaining guidance for pre-sales to surpass ₹100 billion and revenue recognition at ₹60 billion for the current fiscal year.
Expected EBITDA margin of 35% on current sales, with a focus on improving profitability as projects complete.
Market Expansion:

Anticipation of increased opportunities in the Delhi market due to favorable policy changes with the BJP government in power.
Plans to explore greenfield developments and potentially engage in redevelopment of old colonies.
Challenges and Optimism:

Management expresses confidence in the sustained demand for mid-income housing and believes the market is poised for growth.
Despite potential competition in Delhi, management believes their local expertise and operational capabilities will position them well to capture market opportunities.

Stocks Picker Articles

25 Feb 2025 08:52

Tata Motors' 'Tesla rival' Avinya electric SUV may be priced around Rs 25 lakh

Stocks Picker Articles

25 Feb 2025 08:36

BITCOIN FALLS BELOW $90,000

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25 Feb 2025 08:15

*POWER MECH:* CO WINS ORDER WORTH 165 CR RUPEES (SUPPORTIVE FOR STOCK PRICE)