Stocks Picker Articles

21 Oct 2024 04:51

*Stock in Action*

*Axis Bank:* Axis Bank reported stable 2QFY25 performance, with net profit grew by 18% YoY. While the bottom-line growth appears strong, net profit was boosted by trading income of Rs 1,111 crore in Q2 FY25 against a trading loss of Rs 101 crore in the corresponding quarter of the previous fiscal year (Q2 FY24). Axis Bank’s margins remained almost stable compared to the previous quarter. Overall, Axis Bank managed to post a healthy ROA of 1.84% during the quarter. However, the two key concerns are that the balance sheet growth is a challenge amid sluggish deposit growth and that the return ratios have peaked. Axis Bank’s advances growth dipped to 11% YoY as of September-end, lower than its usual run-rate of above 14% YoY growth. Loan growth was driven by high-yielding retail and SME segments, while corporate loan growth was muted. Within retail, personal loans grew 23% YoY and credit card advances grew 22% YoY. As per the management, there is increased regulatory focus on the CD ratio. Deposit growth will continue to be a key constraint for growth in advances in the short to medium term. Deposit growth of 14% YoY was slightly ahead of the advances growth. However, the bank’s CD (credit-to-deposit) ratio remained elevated at 92%. Axis Bank’s gross and net slippages were a tad lower compared to the previous quarter (Q1 FY25). The credit cost also declined to 0.5% in Q2 FY25 even as contingency provisioning improved. The bank utilised one-off gains to make its balance sheet more resilient despite the improvement in asset quality during the quarter. *Positive on Axis Bank given the stable margins and improvement in asset quality during 2QFY25.*

*Wipro:* Wipro’s Q2FY25 earnings report was decent with steady execution and positive surprise on margin and order inflows. IT services revenue grew 0.6% sequentially after six consecutive quarters of decline. However, on a year-on-year basis, revenues contracted 2.3% in Constant Currency. The sequential performance was at the upper end of the guided range of -1% to 1%. Turning to verticals, the BFSI continued its winning streak and was also supported by consumer, technology, and health. Energy utilities and manufacturing remain the pain point and need attention. Wipro deepened its top-account relationship during the quarter. Overall deal win at $3.6 billion showed a sequential uptick of 9% and a large deal was also strong. This lends confidence on the future. With utilisation touching a high of 86.4%, the company saw net addition to its headcount for the second consecutive quarter which is also reassuring. Despite the near-term challenges, with an improving demand environment and a gradual uptick in discretionary spending, Wipro is expected to deliver steady performance from 1QFY26. *Positive on Wipro given the steady set of 2QFY25 performance.*

Stocks Picker Articles

21 Oct 2024 04:25

*Rossari:* Net Profit at Rs 35.3 cr vs Rs 32.9 cr each (YoY) , Revenue at Rs 498 vs Rs 483 cr. (YoY) (Neutral)

*L&T Fin:* Net Profit at Rs 696 cr vs Rs 594 cr (YoY) , Revenue at Rs 3654 vs Rs 3168 cr. (YoY) (Neutral)

*Tata Consumer:* Net Profit at Rs 359 cr vs poll of Rs 337.3 cr, Revenue at Rs 4214 vs poll of Rs 4320 cr. (Neutral)

*Benares Hotels:* Net Profit at Rs 7.2 cr vs Net Profit Rs 6.8 cr(YoY) , Revenue at Rs 24.47 vs Rs 25.90 cr. (YoY) (Neutral)

*Ksolves India:* Net Profit at Rs 9.2 cr vs Net Profit Rs 8.2 cr(YoY) , Revenue at Rs 34.8 vs Rs 26.0 cr. (YoY) (Neutral)

*Jindal Saw:* Net profit at Rs 499 cr vs Net Profit Rs 377 cr (YoY) , Revenue at Rs 5572 vs Rs 5466 cr. (YoY) (Neutral)

*Kesoram:* Net loss at Rs 24.0 cr vs Net loss Rs 27.0 cr (YoY) , Revenue at Rs 58.7 vs Rs 59.9 cr. (YoY) (Neutral)

*Kotak Mahindra:* Net Profit at Rs 3344 cr vs poll of Rs 3513 cr, NII at Rs 7020 vs poll of Rs 6997 cr. (Neutral)

*HDFC Bank:* Net Profit at Rs 16821 cr vs poll of Rs 16267 cr, NII at Rs 30113.9 vs poll of Rs 30097 cr. (Neutral)

*RBL Bank:* Net Profit at Rs 222.5 cr vs poll of Rs 278.3 cr, NII at Rs 1615 vs poll of Rs 1664.7 cr. (Neutral)

*Lehar Footwear:* Company secures Rs 8.46 crore financial assistance under Indian Footwear and Leather Development Programme. (Neutral)

*Ksolves India:* Company declares 2nd interim dividend of Rs 8 per share (Neutral)

*Frog Cellsat:* Company wins third major Onedas contract in last 3 months for Navi mumbai international airport, valued over Rs 16 Cr+ (Neutral)

*Asian Paints:* Record date for interim dividend set for November 19 (Neutral)

*Vedanta:* Company to invest Rs 1 trillion in Odisha (Neutral)

*Max Healthcare:* Board approves voluntary liquidation of step-down wos subsidiary (Neutral)

*JSW Energy:* Company to acquire 125 MW wind energy capacity from Hetero Group for Rs 630 crore (Neutral)

*Tech Mahindra:* Q2 Announces interim dividend of Rs 15 for second quarter. (Neutral)

*IRB Infrastructure:* Company issues US$200 million senior secured notes. (Neutral)

*Megasoft:* Company approves amalgamation of Sigma Advanced Systems into Megasoft. (Neutral)

*Wipro:* Company incorporates Wipro Life Science Solutions, LLC as step-down subsidiary to explore new pharma services. (Neutral)

*PG Electroplast:* Company board approves raising up to Rs 1,500 crore via QIPs. (Neutral)

*MRPL:* Net loss at Rs 696.9 cr vs Net Profit Rs 73.22 cr (QoQ) , Revenue at Rs 24,968 vs Rs 23,247 cr. (QoQ) (Negative)

*Dalmia Bharat:* Net profit at Rs 49 cr vs Net Profit Rs 123 cr (YoY) , Revenue at Rs 3087 vs Rs 3153 cr. (YoY) (Negative)

*Star Cement:* Vinit Kumar Tiwari resigns as CEO of the Company w.e.f. October 18 (Negative)

*Seshasayee:* Net profit at Rs 28 cr vs Net Profit Rs 73 cr (YoY) , Revenue at Rs 398 vs Rs 362 cr. (YoY) (Negative)

Stocks Picker Articles

18 Oct 2024 05:38

Forthcoming Event

18th October: ELECON, ICICIGI, KSOLVES to consider Dividend; Diamond Power Infrastructure to consider Stock Split

19th October: DALBHARAT to consider Dividend; Achyut Healthcare to consider Bonus issue & Stock Split; PG Electroplast to consider Fund Raising

21st October: BEPL, GETALONG, JULIEN to consider Dividend; Sonalis Consumer Products, Surana Solar to consider Fund Raising; Visagar Polytex to consider Scheme of Arrangement

22nd October: COFORGE to consider Dividend; Can Fin Homes, Dhanlaxmi Bank to consider Fund Raising; Mazagon Dock Shipbuilders to consider Stock Split

23rd October: COFORGE, ASIANPAINT, CARERATING, DODLA, HINDUNILVR, NAVINFLUOR to consider Dividend

24th October: NAM-INDIA, PETRONET to consider Dividend; AA Plus Tradelink to consider Bonus issue & Stock Split; Trustwave Securities to consider Reduction of Capital; Home First Finance Company India to consider Fund Raising

Stocks Picker Articles

18 Oct 2024 04:53

Stock in Action

Transformers & Rectifiers India: The company business mainly comprises of manufacturing and selling of various kinds of transformers such as power, and distribution transformers, furnace transformers, rectifier transformers, and specialised transformers. TARIL is a prominent player in the manufacturing of transformers & reactors in India. TARIL operates on a B2B model, catering to power generation, transmission, distribution, & industrial sectors. The company has an installed capacity across units of ~40,000MVA. It has a global footprint in 25+ countries. As on 30th September, the company has an order book of Rs. 3,500 crores, Order inflow in H1 was Rs. 1,729 crores and Rs. 18,500 crores of Inquiries under negotiation. The order book comprises of 46% of Industrial Customers, 43% of Central Utilities and 11% of State Utilities. The company exported EAF transformer with rating of 220/253 MVA which is one of the highest rating transformers ever manufactured. It received order for 175 MVA Electric Arc Furnace transformer from Arcelor Mittal. It got a maiden order of STATCOM Transformers. It also received order for 420 kV three phase reactor with synthetic organ ester insulating fluid from Power Grid. First Phase of new capacity addition of 15,000 MVA will start for commercial production from January 2025. Trial run for fully automated Radiators manufacturing facility up to 765 kV started. The company has strong domestic customer base with companies like NTPC, Adani Renewables, Tata Power, SAIL, etc. The company reported Rs. 46,154 crores of Revenue from Operations, with a growth of 80% QoQ over Rs. 25,706 crores. EBITDA of 8,097 crores, with an EBITDA Margin of 17,11% and PAT of Rs. 4,602 crores with a Profit Margin of 9.72%. The company has reduced debt. It reported compounded sales growth of 20% for the past 3 years and compounded profit growth of 84% for the past 3 years. Positive on Transformers & Rectifiers India given the strong performance and orders of the company.

Rallis India: Rallis India reported strong 2QFY25 performance on all fronts. Revenue during the quarter increased by 11.5% YoY with 110 bps improvement in gross margin at 40.1%. EBITDA during the quarter grew by 24% YoY with a strong margin of ~18%. A good monsoon led to better demand for domestic agrochemicals in the prime Kharif season. Volumes in the domestic crop-care segment grew 17% YoY. However, pricing challenges prevailed, thereby leading to a revenue growth of 11%. On the other hand, the export market demand recovery remained weak. Nonetheless, supported by solid domestic volumes, better product mix, benign commodity prices, and cost optimisation measures, the EBITDA of the overall crop care business grew by 5% with a margin of 17%. The seeds business, which accounts for ~15% of revenue mix, clocked a top-line growth of 48% YoY. While volumes remained flat, the segment growth was driven by a better product and price mix of hybrid seeds and lower sales return due to a good crop placement. The EBITDA also improved, with an impressive 22% margin. As expected, the domestic market saw good demand in H1FY25, as the monsoon season fared well. Rallis is now focusing on innovative product chemistry, portfolio optimisation, and streamlining capacities to bring in more cost efficiencies. Rallis is also aiming to venture into the contract manufacturing (CRAMS) business. Positive on Rallis India given the good set of 1QFY25 performance.

Stocks Picker Articles

18 Oct 2024 04:36

*Q2FY25 EARNING CALENDAR 18.10.2024*

AETHER, ELECON, GANESHHOUC, *HINDZINC*, *ICICIGI*, JINDALSAW, *JIOFIN*, KESORAMIND, *LTF*, MASTEK, MRPL, *OBEROIRLTY*, RPEL, *TATACONSUM*, TEJASNET, *ZEEL*

*HINDZINC*
* Revenue expected at Rs 7959 crore versus Rs 6791 crore
* EBITDA expected to be seen at Rs 4001 crore versus Rs 3139 crore
* EBITDA margin expected to be seen at 50.27% versus 46.22%
* Net profit expected to be seen at Rs 2234 crore versus Rs 1729 crore

*ICICIGI*
* GPW expected at Rs 7338 crore versus Rs 6272 crore
* EBIT expected to be seen at Rs 721 crore versus Rs 786 crore
* EBIT margin expected to be seen at 12.93% versus 15.56%
* Net profit expected to be seen at Rs 655 crore versus Rs 577 crore

*LTF*
* NII expected at Rs 2217 crore versus Rs 1843 crore
* EBIT expected to be seen at Rs 1488 crore versus Rs 2563 crore
* EBIT margin expected to be seen at 58.74% versus 79.76%
* Net profit expected to be seen at Rs 696 crore versus Rs 595 crore

*MASTEK*
* Revenue expected at Rs 849 crore versus Rs 812 crore
* EBIT expected to be seen at Rs 112 crore versus Rs 103 crore
* EBIT margin expected to be seen at 13.19% versus 12.68%
* Net profit expected to be seen at Rs 81 crore versus Rs 71 crore

*OBEROIRLTY*
* Revenue expected at Rs 1233 crore versus Rs 1217 crore
* EBITDA expected to be seen at Rs 696 crore versus Rs 636 crore
* EBITDA margin expected to be seen at 56.44% versus 52.25%
* Net profit expected to be seen at Rs 498 crore versus Rs 456 crore

*TATACONSUM*
* Revenue expected at Rs 4347 crore versus Rs 3733 crore
* EBITDA expected to be seen at Rs 632 crore versus Rs 537 crore
* EBITDA margin expected to be seen at 14.53% versus 14.38%
* Net profit expected to be seen at Rs 339 crore versus Rs 352 crore

*ZEEL*
* Revenue expected at Rs 2098 crore versus Rs 2437 crore
* EBITDA expected to be seen at Rs 275 crore versus Rs 332 crore
* EBITDA margin expected to be seen at 13.10% versus 13.62%
* Net profit expected to be seen at Rs 118 crore versus Rs 242 crore


*Q2FY25 EARNING CALENDAR 19.10.2024*

*DALBHARAT*, *HDFCBANK*, *INDIAMART*, *KOTAKBANK*, LLOYDSENGG, *MCX*, NETWEB, PCJEWELLER, PSB, RBLBANK, ROSSARI, SESHAPAPER, *TECHM*, UCOBANK

*DALBHARAT*
• Revenue expected at Rs 3120 crore versus Rs 3149 crore
• EBITDA expected to be seen at Rs 469 crore versus Rs 589 crore
• EBITDA margin expected to be seen at 15.03% versus 18.70%
• Net profit expected to be seen at Rs 91 crore versus Rs 118 crore

*HDFCBANK*
• NII expected at Rs 30342 crore versus Rs 27385 crore
• EBIT expected to be seen at Rs 24589 crore versus Rs 22693 crore
• EBIT margin expected to be seen at 59.30% versus 59.57%
• Net profit expected to be seen at Rs 16425 crore versus Rs 15976 crore

*INDIAMART*
• Revenue expected at Rs 343 crore versus Rs 294 crore
• EBITDA expected to be seen at Rs 121 crore versus Rs 80 crore
• EBITDA margin expected to be seen at 35.27% versus 27.21%
• Net profit expected to be seen at Rs 116 crore versus Rs 69 crore

*KOTAKBANK*
• NII expected at Rs 7015 crore versus Rs 7191 crore
• EBIT expected to be seen at Rs 5219 crore versus Rs 4610 crore
• EBIT margin expected to be seen at 70.21% versus 73.22%
• Net profit expected to be seen at Rs 3428 crore versus Rs 3191 crore

*MCX*
• Revenue expected at Rs 237 crore versus Rs 165 crore
• EBITDA expected to be seen at Rs 137 crore versus Rs -287 crore
• EBITDA margin expected to be seen at 57.80%
• Net profit expected to be seen at Rs 115 crore versus Rs -19 crore

*TECHM*
• Revenue expected at Rs 13448 crore versus Rs 13005 crore
• EBIT expected to be seen at Rs 1216 crore versus Rs 1104 crore
• EBIT margin expected to be seen at 9.04% versus 8.49%
• Net profit expected to be seen at Rs 991 crore versus Rs 851 crore


*Q2FY25 EARNING CALENDAR 21.10.2024*

AURIONPRO,*BAJAJHFL*, BALUFORGE, BEPL, *CGPOWER*, *CUB*, CYIENTDLM, GRAVITA, HFCL, JSFB, MAHLOG, MAHSCOOTER, *NELCO*, RAJRATAN, ROUTE, SOLARA, SPLPETRO, SWARAJENG, *ULTRACEMCO*, *UNIONBANK*, WENDT

Stocks Picker Articles

17 Oct 2024 05:27

Corporate Actions

Reliance Industries has fixed October 28 as the record date for determining the eligibility of equity shareholders for bonus equity shares.

Blue Cloud Softech Solutions has approved Sub-division (split) of Equity Share having a face value of Rs. 2/- each into one Equity Share of face value of Re. 1/- each.

Consecutive Investments & Trading Company has approved Sub-division of 1 Equity share of face value of ₹10/- each to 10 Equity shares of the face value of ₹ 1 each. Bonus Issue of Equity Shares in the ratio of 1:1 i.e., 1 Equity Shares of ₹ 1/- each for every 1 Equity Share of ₹ 1/- each held, subject to the approval of members of the Company by Extraordinary General Meeting.

Dividend

17-Oct-24
MADHUVEER: Dividend - Rs. - 0.05

18-Oct-24
TCS: Interim Dividend - Rs. - 10.00
ANANDRATHI: Interim Dividend - Rs. - 7.00

21-Oct-24
JNKINDIA: Final Dividend - Rs. - 0.30

IPO
Hyundai Motor India: Open: 15-Oct-24; Close: 17-Oct-24
Waaree Energies: Open: 21-Oct-24; Close: 23-Oct-24
Deepak Builders & Engineers India: Open: 21-Oct-24; Close: 23-Oct-24

Buyback
---

Bonus
Grovy India: Bonus Issue 3:1; Ex-Date: 23-Oct-24

Stock Split
Harshil Agrotech: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Oct-24
HEG: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Humming Bird Education: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Oct-24
Sacheta Metals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Pocl Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Oct-24
Mayukh Dealtrade: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 25-Oct-24
Dr. Reddy's Lab: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 28-Oct-24
Motisons Jewellers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Nov-24

Right Issue
Mittal Life Style: Open: 11-Oct-24; Close: 21-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24
Geojit Financial Services: Open: 15-Oct-24; Close: 23-Oct-24
Arc Finance: Open: 21-Oct-24; Close: 18-Nov-24

Open Offer
Navkar Corporation: Open: 14-Oct-24; Close: 25-Oct-24

Stocks Picker Articles

17 Oct 2024 04:59

*35 Companies with consistently increasing quarterly EPS growth over the past five quarters, from June 2023 to June 2024.*

↑ Zomato
↑ Shakti Pumps
↑ Igarashi Motors
↑ Inox Wind
↑ GE T&D
↑ Frontier Springs
↑ Pondy Oxide
↑ Granules India
↑ Epigral
↑ Subros
↑ HPL Electric
↑ Just Dial
↑ Garware Hi-Tech Films
↑ Skipper
↑ Aarti Industries
↑ ITD Cementation
↑ Apollo Hospitals
↑ Nuvama Wealth Management
↑ Vardhman Textiles
↑ Anant Raj
↑ Motila OFS
↑ Patel Airtemp
↑ Venus Pipes
↑ KPIT Technologies
↑ CAMS
↑ Sun Pharma
↑ Five-Star Busses Finance
↑ Triveni Turbine
↑ Torrent Pharma
↑ Caplin Point
↑ CCL Products
↑ Bajaj Finance
↑ ICICI Bank
↑ First Source Solution
↑ Cholamandalam Financial Holdings

Stocks Picker Articles

17 Oct 2024 04:45

*Stock in Action*

*HDFC Asset Management Company:* HDFC Asset Management Company Limited (HDFC AMC) is the Investment Manager to HDFC Mutual Fund (HDFC MF), the largest mutual fund in India. HDFC AMC has a diversified asset class mix across Equity and Fixed Income/Others. The company closed the 2QFY25 with an AUM of Rs. 7.7 trillion, a market share of 11.5%, with equity-oriented funds now comprising 65.7% on quarterly average basis, compared to the industry average of 57.1%. The actively managed equity-oriented AUM reached Rs. 4.9 trillion with a share of 12.7%. Debt and Liquid funds registered a market share of 13.4% and 13% respectively on closing basis. Systematic transactions continue to thrive with a total of over 10 million Systematic transaction amounting to Rs. 36.8 billion for the month of September 2024, as compared to RS. 22.4 billion for the month of September 2023. 89% of its investor have registered their SIP for over 5 years, and 82% for over 10 years. It has reached 11.8 million unique investors representing a 24% penetration in the industry. Total Income for the 2QFY25 added up to Rs. 10,579 million, Revenue from Operations at Rs. 8,873 million, a growth of 38% YoY. Operating profit grew by 47% YoY to be at Rs. 6,881 million. PAT for the quarter came in at Rs. 5,769 million. The company has 255 branches with 75 in B-30 locations, 90k+ distribution partners and ~99% pin codes serviced in India. It has a strong online presence - dedicated separate digital platforms for distribution partners and customers. Total Logins for Investors and Partners grew by 60% and 20% YoY respectively in Q2. New Pan Acquisition on digital assets increased by 15% this Quarter compared to Q1 in FY 24-25. The company has set up a wholly owned subsidiary in GIFT City, where one of its products is going live soon and have another 3 products which will feed into getting NRI’s investments into domestic mutual funds. *Positive on HDFC Asset Management Company given the strong fundamentals and performance of the company.*

*HCL Tech:* HCL Tech surprised positively on multiple fronts in 2QFY25 earnings report with a good growth in revenue, a beat on margin, improved guidance, strong order inflows, and a positive commentary on the future. Going forward, Q3FY25 should be a relatively better quarter for HCL’s software business and Q4 should be good too. HCL Tech had guided to the divestment impact of State Street JV in Q2. However, the revenue performance turned out to be better, with Engineering R&D’s sequential uptick along with a steady show from IT and Business Services that supported 1.6 percent sequential growth in service revenue. HCL software also had a better-than-expected performance. The key markets of Americas and Europe delivered strong growth. In terms of industry verticals, except for Financials all others showed positive sequential growth with retail CPG, life sciences, technology, energy utility and public service in the lead. The performance on the margin front was a clear positive surprise with a sequential uptick of 110 basis points in service and 510 basis points in software margin. Operating leverage, lower sales and marketing expenses, and exchange gains had a positive rub off on margin. Order inflows was steady with the company bagging 20 deals – 12 in services and the rest in software. The management alluded to an all-time high deal pipeline and expects good bookings. The growth in the quarter was broad-based and was supported in part by discretionary demand as well as non-discretionary. *Positive on HCL Tech given the good set of 2QFY25 earnings.*

Stocks Picker Articles

16 Oct 2024 05:38

Forthcoming Event

16th October: CRISIL, LTTS, TIPSMUSIC to consider Dividend; Blue Cloud Softech Solutions to consider Stock Split; Consecutive Investments & Trading Company to consider Bonus issue & Stock Split; Oberoi Realty, Sudarshan Chemical Industries to consider Fund Raising

17th October: INFY, LTIM to consider Dividend; Wipro to consider Bonus issue

18th October: ELECON, ICICIGI, KSOLVES to consider Dividend; Diamond Power Infrastructure to consider Stock Split

19th October: DALBHARAT to consider Dividend; Achyut Healthcare to consider Bonus issue & Stock Split

21st October: BEPL, GETALONG, JULIEN to consider Dividend; Sonalis Consumer Products, Surana Solar to consider Fund Raising; Visagar Polytex to consider Scheme of Arrangement

22nd October: COFORGE to consider Dividend; Can Fin Homes to consider Fund Raising

23rd October: COFORGE, ASIANPAINT, CARERATING, DODLA, HINDUNILVR, NAVINFLUOR to consider Dividend

24th October: NAM-INDIA, PETRONET to consider Dividend; AA Plus Tradelink to consider Bonus issue & Stock Split; Trustwave Securities to consider Reduction of Capital

Stocks Picker Articles

16 Oct 2024 05:17

Bulk Deal & Insider Trade Update

*Bulk Deals*
*Aether Industries Limited: Sbi Mutual Fund Sell 3304157 Shares @ Rs. 937.25
*Aether Industries Limited: Sbi Mutual Fund Buy 3268504 Shares @ Rs. 937.25
*Gandhar Oil Refine Ind L: Neomile Growth Fund - Series I Sell 600000 Shares @ Rs. 230.11
*Garuda Construct N Eng L: Societe Generale Sell 721527 Shares @ Rs. 105
*Maxposure Limited: Augmenta Value Trust - Scheme 1 Sell 120000 Shares @ Rs. 100.68
*Veekayem Fash & App Ltd: Chanakya Opportunities Fund I Buy 30000 Shares @ Rs. 314.74
*Forcas Studio Limited: Lotus Value Fund Sell 89600 Shares @ Rs. 100
*Gandhar Oil Refine Ind L: Neomile Growth Fund - Series I Buy 36539 Shares @ Rs. 232.2
*Mastek: Smallcap World Fund Inc Sell 530000 Shares @ Rs. 2801.68
*Gujtlrm: Zeta Global Funds (Oeic) Pcc Limited - Zeta Series B Fund Pc Sell 11389437 Shares @ Rs. 14.31
*Shivtexchem: Finavenue Growth Fund Buy 149600 Shares @ Rs. 239
*Shivtexchem: Mavira Growth Opportunities Fund Buy 128000 Shares @ Rs. 239

*Insider Trade*
*Acquisition*
* Emerald Leisures Ltd: Promoter & Director, Acquisition 7620186 shares
* Ramco Industries Ltd.: P.R. VENKETRAMA RAJA, Promoter, Acquisition 3077276 shares on 14-Oct-24
* Rajapalayam Mills Ltd.-$: P.R. VENKETRAMA RAJA, Promoter, Acquisition 213542 shares

*Disposal*
* Techindia Nirman Limited: TINGLI FINVEST PRIVATE LIMITED, Promoter Group, Disposal 55000 shares on 20-Aug-24
* Ramco Industries Ltd.: R. SUDARSANAM, Promoter Group, Disposal 3077276 shares on 14-Oct-24
* Rajapalayam Mills Ltd.-$: R. SUDARSANAM, Promoter Group, Disposal 213542 shares
* Genomic Valley Biotech Ltd: PARUL AGRAWAL, Director, Disposal 34000 shares on 14-Oct-24

*Revoke*
Adf Foods Ltd.-$: Bimal Ramesh Thakkar, Promoter, Revoke 530000 shares on 11-Oct-24

*Dividend Update*
*NRB Bearings Ltd.: Interim Dividend Rs. 2.50; Ex Date: 16-Oct-2024

*Result Today*
Bajaj Auto Ltd.
Mphasis Ltd.
L&T Technology Services Ltd.
CRISIL Ltd.
Himadri Speciality Chemical Ltd.
Tips Music Ltd.
The South Indian Bank Ltd.
Accelya Solutions India Ltd.
Pondy Oxides & Chemicals Ltd.
Aditya Birla Money Ltd.
Kritika Wires Ltd.
Shah Metacorp Ltd.
Rajnish Wellness Ltd.

Stocks Picker Articles

16 Oct 2024 04:46

*Fund Houses Recommendations*


HSBC on Bharti Airtel: Upgrade to Buy on Company, raise target price at Rs 1950/Sh (Positive)

CLSA on HDFC Life: Maintain Buy on Company, raise target price at Rs 805/Sh (Positive)

Jefferies on HDFC Life: Maintain Buy on Company, raise target price at Rs 850/Sh (Positive)

Investec on HDFC Life: Maintain Buy on Company, raise target price at Rs 850/Sh (Positive)

BofA on PVR: Maintain Buy on Company, raise target price at Rs 1860/Sh (Positive)

CLSA on PVR: Maintain Outperform on Company, raise target price at Rs 2450/Sh (Positive)

Jefferies on Newgen: Maintain Buy on Company, raise target price at Rs 1500/Sh (Positive)

Jefferies on HDFC AMC: Maintain Buy on Company, target price at Rs 5450/Sh (Positive)

CLSA on HDFC AMC: Upgrade to Outperform on Company, target price at Rs 4920/Sh (Positive)

Nomura on Century Tex: Initiate Buy on Company, raise target price at Rs 3700/Sh (Positive)

Citi on Prudent: Initiate Buy on Company, target price at Rs 3050/Sh (Positive)

HSBC on Vodafone Idea: Maintain Reduce on Company, target price at Rs 7.1/Sh (Neutral)

HSBC on Reliance Ind: Maintain Neutral on Company, target price at Rs 3010/Sh (Neutral)

MS on HDFC AMC: Maintain Equal weight on Company, target price at Rs 4120/Sh (Neutral)

Nomura on HDFC Life: Downgrade to Neutral on Company, target price at Rs 735/Sh (Negative)

Jefferies on BSE: Downgrade to Underperform on Company, target price at Rs 3500/Sh (Negative)

Stocks Picker Articles

15 Oct 2024 05:35

Forthcoming Event

15th October: DBCORP to consider Dividend; Bacil Pharma, DMR Hydroengineering & Infrastructures, Insolation Energy, KEI Industries, Murae Organisor, Sharanam Infraproject and Trading, Suditi Industries to consider Fund Raising; Diamond Power Infrastructure to consider Stock Split

16th October: CRISIL, LTTS, TIPSMUSIC to consider Dividend; Blue Cloud Softech Solutions to consider Stock Split; Consecutive Investments & Trading Company to consider Bonus issue & Stock Split; Oberoi Realty, Sudarshan Chemical Industries to consider Fund Raising

17th October: INFY, LTIM to consider Dividend; Wipro to consider Bonus issue

18th October: ELECON, ICICIGI, KSOLVES to consider Dividend

19th October: DALBHARAT to consider Dividend; Achyut Healthcare to consider Bonus issue & Stock Split

21st October: BEPL, GETALONG, JULIEN to consider Dividend; Sonalis Consumer Products, Surana Solar to consider Fund Raising; Visagar Polytex to consider Scheme of Arrangement

22nd October: COFORGE to consider Dividend; Can Fin Homes to consider Fund Raising

23rd October: COFORGE, ASIANPAINT, CARERATING, DODLA, HINDUNILVR, NAVINFLUOR to consider Dividend

24th October: NAM-INDIA, PETRONET to consider Dividend; AA Plus Tradelink to consider Bonus issue & Stock Split; Trustwave Securities to consider Reduction of Capital

Stocks Picker Articles

15 Oct 2024 04:58

Stock in Action

TCS: Tata Consultancy Services is the flagship company and a part of Tata group. Company Q2FY25 numbers came in line with the consensus estimates, with company reported revenue of Rs. 64,259 crores, a growth of 7.6% YoY, +5.5% in Constant Currency. Operating Margin stood at 24.1%; a decline of 0.2% YoY, while Net Income grew by 5% YoY at Rs. 11,909 crores with Net Margin at 18.5% and Net Cash from Operations at Rs. 11,932 crores i.e. 100.2% of Net Income. The growth was led by Energy, Resources and Utilities (+7.0%), Manufacturing (+5.3%). It has many segments but the majority proportion of revenue comes from BFSI Segment which contributes 30.8%, Consumer Business which contributes 15.1%, Life Sciences and Healthcare which contributes 10.4%, etc. The company operates worldwide, but the major chunk comes from North America, which contributes 47.6%, Europe which contributes 31.6% (UK – 17%, Continental Europe – 14.6%). The company is almost debt free. The company has been maintaining a healthy dividend payout of 66.2%. The company is investing heavily in AI which can be used in Software Engineering, Technology Modernization, etc. The company is working in projects for autonomous driving for European and Japanese OEMs. The company is also investing in EV Infrastructure for charging stations, Charging Protocol Tester, etc. It has also partnered with BSNL to expand their 4G and 5G networks, broadband services in India. Positive on Tata Consultancy Services given the strong fundamentals and of the company.

Exide Industries: Revival in the replacement demand in the lead acid battery augurs well for the Exide industries as its dominant position in the domestic aftermarket allows it to capture the benefit of a rise in replacement demand. Along with that, the management is continuing to aim for a sizeable business in overseas markets. Continued traction in the industrial segment has been supporting its topline performance. Company is among the pioneers making tangible strides in the emerging Li-Ion battery sector by delving into EV battery assembly operations in India. Alongside assembly operations, Exide Energy Industries Limited (EIL) has embarked on crucial manufacturing of Li-ion cells through a technical collaboration with SVOLT, with a total capex outlay of Rs. 6,000 crore for a 12 GWH capacity. The first phase, targeting 6 GWH, is slated to be operational by CY25E, with a capex outlay of Rs. 4,000 crore. With a focus on maintaining healthy margins and capital efficiency, this move is viewed as structurally positive for Exide. Hyundai Motors and Kia have already inked a MoU with Exide Energy Solutions (EESL), a subsidiary, to localise EV battery production in India. Positive on Exide Industries given the revival in replacement demand and its foray in EV battery to boost its long term earnings growth.

Stocks Picker Articles

15 Oct 2024 04:57

*IFGL Refractories:* Company will hold a 51% share in the JV entity, while 49% stake will be held by MIG. (Neutral)

*Diamond Power:* Board of directors will meet on October 18 to consider a proposal to raise funds and stock split. (Neutral)

*IOB:* MCLR rates for overnight and one-month tenor have changed from 8.20% and 8.45% to 8.25% and 8.50%, respectively. (Neutral)

*Ola Electric:* Company kickstarts festive season on an electrifying note, consolidates market share to 34% in October 2024. (Neutral)

*Can Fin Homes:* Company said the board of directors has approved the raising of funds by issuance of Non-convertible Redeemable Debentures. (Neutral)

Stocks Picker Articles

14 Oct 2024 05:24

Corporate Actions

Wipro board will meet on October 17 to consider the issuance of bonus shares for the company.

Dividend

15-Oct-24
INFRATRUST: Income Distribution (InvIT)

16-Oct-24
NRBBEARING: Interim Dividend - Rs. - 2.50

17-Oct-24
MADHUVEER: Dividend - Rs. - 0.05

18-Oct-24
TCS: Interim Dividend - Rs. - 10.00
ANANDRATHI: Interim Dividend - Rs. - 7.00

21-Oct-24
JNKINDIA: Final Dividend - Rs. - 0.30

IPO
Hyundai Motor India: Open: 15-Oct-24; Close: 18-Oct-24

Buyback
---

Bonus
Vaishali Pharma: Bonus Issue 1:1; Ex-Date: 15-Oct-24
Grovy India: Bonus Issue 3:1; Ex-Date: 23-Oct-24

Stock Split
ABans Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-Oct-24
Vaishali Pharma: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-Oct-24
Credent Global Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-Oct-24
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24
Harshil Agrotech: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Oct-24
HEG: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Humming Bird Education: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Oct-24
Sacheta Metals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Pocl Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Oct-24
Mayukh Dealtrade: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 25-Oct-24
Dr. Reddy's Lab: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 28-Oct-24
Motisons Jewellers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Nov-24

Right Issue
Edvenswa Enterprises: Ex-Date: 14-Oct-24
Mittal Life Style: Open: 11-Oct-24; Close: 21-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24
Geojit Financial Services: Open: 15-Oct-24; Close: 23-Oct-24
Arc Finance: Open: 21-Oct-24; Close: 18-Nov-24

Open Offer
Navkar Corporation: Open: 14-Oct-24; Close: 25-Oct-24

Amalgamation
Jubilant Industries: Ex-Date: 16-Oct-24
TV18 Broadcast: Ex-Date: 16-Oct-24

Stocks Picker Articles

21 Oct 2024 04:51

*Fund Houses Recommendations*


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

CLSA on *Zee Ent:* Upgrade to Outperform on Company, raise target price at Rs 170/Sh (Positive)

JP Morgan on *Ultratech:* Initiate Overweight on Company, target price at Rs 13750/Sh (Positive)

JP Morgan on *ACC:* Initiate Overweight on Company, target price at Rs 3020/Sh (Positive)

Nuvama on *Gravita:* Initiate Buy on Company, target price at Rs 3475/Sh (Positive)

MOSL on *Raymond Life:* Initiate Buy on Company, target price at Rs 3200/Sh (Positive)

Investec on *Tech M:* Maintain Buy on Company, raise target price at Rs 1726/Sh (Positive)

PL on *DOMS:* Maintain Buy on Company, target price at Rs 3349/Sh (Positive)

GS on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 2156/Sh (Positive)

Bernstein on *HDFC Bank:* Maintain Outperform on Bank, target price at Rs 2100/Sh (Positive)

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

JP Morgan on *HDFC Bank:* Maintain Neutral on Bank, target price at Rs 1750/Sh (Neutral)

Investec on *HDFC Bank:* Maintain Hold on Bank, raise target price at Rs 1650/Sh from Rs 1625/Sh (Neutral)

GS on *Kotak Bank:* Maintain Buy on Bank, target price at Rs 2286/Sh (Positive)

Investec on *Kotak Bank:* Maintain Buy on Bank, cut target price at Rs 2185/Sh from Rs 2300/Sh (Neutral)

Bernstein on *Kotak Bank:* Maintain Market perform on Bank, target price at Rs 1750/Sh (Neutral)

MOSL on *Kotak Bank:* Maintain Neutral on Bank, target price at Rs 1950/Sh (Neutral)

Macquarie on *ICICI Lombard:* Maintain Neutral on Company, target price at Rs 2000/Sh (Neutral)

Jefferies on *Tata Consumer:* Maintain Neutral on Company, cut target price at Rs 1170/Sh (Neutral)

MS on *Tata Consumer:* Maintain Overweight on Company, cut target price at Rs 1273/Sh (Neutral)

BofA on *Zomato:* Maintain Buy on Company, target price at Rs 325/Sh (Neutral)

Jefferies on *Zomato:* Maintain Buy on Company, target price at Rs 335/Sh (Neutral)

JP Morgan on *Ambuja:* Initiate Neutral on Company, target price at Rs 590/Sh (Neutral)

JP Morgan on *Shree Cem:* Initiate Neutral on Company, target price at Rs 27125/Sh (Neutral)

JP Morgan on *Dalmia Bharat:* Initiate Underweight on Company, target price at Rs 1550/Sh (Neutral)

MS on *MCX:* Maintain Underweight on Company, target price at Rs 3245/Sh (Neutral)

JP Morgan on *RBL Bank:* Maintain Neutral on Bank, target price at Rs 225/Sh (Neutral)

Jefferies on *India Mart:* Maintain Underperform on Company, cut target price at Rs 2540/Sh (Neutral)

CLSA says reduction in supply of legacy gas will test pricing power for *City Gas stocks* , adding that delay in price hikes or gradual price hikes may keep uncertainty alive (Neutral)

Nuvama on *India Mart:* Downgrade to Reduce on Company, cut target price at Rs 2500/Sh (Negative)

Investec on *RBL Bank:* Downgrade to Hold on Bank, cut target price at Rs 230/Sh (Negative)

IIFL on *RBL Bank:* Maintain Add on Bank, cut target price at Rs 195/Sh (Negative)

Stocks Picker Articles

21 Oct 2024 04:24

*Stocks in News*


*Hind Rectifier:* Company Secured Orders of Approx Rs. 73 Cr from Indian Railways. (Positive)

*Refex Renewables:* Company gets contracts for setting-up of 100-mw solar project from NTPC, project cost Rs 4.8 billion. (Positive)

*Dodla Dairy:* Company acquires 35.23 acres of land in Maharashtra for expansion plans (Positive)

*Hindustan Zinc:* Company says see better operational performance in H2, expansion of 2 MTPA of production capacity seems feasible (Positive)

*Garden Reach Shipbuilders:* Company receives Letter of Intent for Rs 491 Cr contract to design and deliver Acoustic Research Ship (Positive)

*JSW Steel:* Company board approved acquisition of 100% equity interest in Thyssenkrupp electrical steel India. (Positive)

*Alembic Pharma:* Company receives USFDA approval for Diltiazem Hydrochloride extended-release capsules (Positive)

*MOIL:* Company and MPSMCL sign draft JV Agreement for exploration and mining activities (Positive)

*Life Insurance Stocks:* GST Council’s GoM reaches consensus on providing exemptions for life and health insurance policies (Positive)

*PTC Industries:* Company to acquire 100% stake in UK-based Trac Precision Solutions (Positive)

*G R Infraprojects:* Company secures Rs 200 Cr Tarakote - Sanjichhat Ropeway project (Positive)

*Godrej Properties:* Company said it has acquired a 3-acre land parcel in Vastrapur, Ahmedabad (Positive)

*JM Financial:* RBI, with immediate effect, lifted the restrictions imposed by it on JM Financial products Ltd, a material subsidiary of the Company (Positive)

*HDFC Bank:* Board approved the Offer for Sale of equity of upto ₹10,000 cr from HDB Financials during IPO (Positive)

*India Mart:* Net Profit at Rs 135.1 cr vs Net Profit Rs 69.1 cr (YoY) , Revenue at Rs 348 vs Rs 295 cr. (YoY) (Positive)

*Lloyds Eng:* Net Profit at Rs 27.8 cr vs Net Profit Rs 18.7 cr (YoY) , Revenue at Rs 212 vs Rs 122 cr. (YoY) (Positive)

*Mastek:* Net Profit at Rs 130 cr vs Net Profit Rs 71.5 cr (QoQ) , Revenue at Rs 870 vs Rs 810 cr. (QoQ). (Positive)

*Indo Star Capital:* Net Profit at Rs 32 cr vs Net Profit Rs 25 cr (YoY) , Revenue at Rs 352 vs Rs 308 cr. (YoY). (Positive)

*Ashapuri Gold:* Net Profit at Rs 3.4 cr vs Net Profit Rs 1.9 cr (YoY) , Revenue at Rs 86 vs Rs 44 cr. (YoY). (Positive)

*Tech Mahindra:* Net Profit at Rs 1250 cr vs Net Profit Rs 851.5 cr(QoQ) , Revenue at Rs 13,313 vs Rs 13,005 cr. (QoQ) (Positive)

*Jio Financial:* Net Profit at Rs 689 cr vs Net Profit Rs 313 cr (QoQ) , Revenue at Rs 694 vs Rs 418 cr. (QoQ). (Positive)

*Tejas Network:* Net Profit at Rs 275 cr vs Net loss Rs 13 cr (YoY) , Revenue at Rs 2695 vs Rs 396 cr. (YoY). (Positive)

*Sarveshwar Foods:* Net Profit at Rs 8.1 cr vs Net Profit Rs 4.8 cr (YoY) , Revenue at Rs 271 vs Rs 205 cr. (YoY) (Positive)

*NetWeb Technologies:* Net Profit at Rs 26 cr vs Net Profit Rs 15 cr (YoY) , Revenue at Rs 251 vs Rs 144 cr. (YoY) (Positive)

*Ganesh Housing:* Net Profit at Rs 160 cr vs Net Profit Rs 86 cr (YoY) , Revenue at Rs 202 vs Rs 120 cr. (YoY) (Positive)

*MCX:* Net Profit At ₹153.6 Cr Vs Loss Of ₹19.1 Cr, Revenue Up 73% At ₹285.6 Cr Vs ₹165.1 Cr (YoY) (Positive)

*UCO Bank:* Net Profit at Rs 603 cr vs Net Profit Rs 402 cr (YoY), NII at Rs 2300 vs Rs 1917 cr. (YoY) (Positive)

*Punjab & Sind Bank:* Net Profit at Rs 240 cr vs Net Profit Rs 189 cr, NII up 29.3% YoY (Positive)

*Canara Bank:* Bank of Tanzania approves sale of assets & liabilities of Canara Bank Tanzania to Exim Bank Tanzania & eventual winding up of Canara Bank Tanzania. (Neutral)

*Kotak Bank:* Enters into a definitive agreement with Standard Chartered Bank, India for Acquisition of its Personal Loan book. (Neutral)

*ICICI Lombard:* Net Profit at Rs 694 cr vs Net Profit Rs 577 cr (YoY), Gross Premiums at Rs 6948.3 vs Rs 6272.3 cr. (YoY) (Neutral)

*Oberoi Realty:* Net Profit at Rs 590 cr vs Rs 456 cr (YoY) , Revenue at Rs 1273 vs Rs 1217 cr. (YoY) (Neutral)

Stocks Picker Articles

18 Oct 2024 05:37

Corporate Actions

Wipro has approved issue of bonus equity shares in the proportion of 1 :1, i.e., 1 bonus equity share for every 1 equity share held.

Mazagon Dock Shipbuilders will hold a board meeting on 22 October 2024 to consider declaring sub-division/split of equity shares.

Dividend

18-Oct-24
TCS: Interim Dividend - Rs. - 10.00
ANANDRATHI: Interim Dividend - Rs. - 7.00

21-Oct-24
JNKINDIA: Final Dividend - Rs. - 0.30

IPO
Waaree Energies: Open: 21-Oct-24; Close: 23-Oct-24
Deepak Builders & Engineers India: Open: 21-Oct-24; Close: 23-Oct-24

Buyback
---

Bonus
Grovy India: Bonus Issue 3:1; Ex-Date: 23-Oct-24
Reliance Industries: Bonus Issue 1:1; Ex-Date: 28-Oct-24

Stock Split
HEG: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Humming Bird Education: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Oct-24
Sacheta Metals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Pocl Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Oct-24
Mayukh Dealtrade: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 25-Oct-24
Dr. Reddy's Lab: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 28-Oct-24
Motisons Jewellers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Nov-24

Right Issue
Mittal Life Style: Open: 11-Oct-24; Close: 21-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24
Geojit Financial Services: Open: 15-Oct-24; Close: 23-Oct-24
Arc Finance: Open: 21-Oct-24; Close: 18-Nov-24

Open Offer
Navkar Corporation: Open: 14-Oct-24; Close: 25-Oct-24

Stocks Picker Articles

18 Oct 2024 04:36

*CGPOWER*
• Revenue expected at Rs 2302 crore versus Rs 2001 crore
• EBITDA expected to be seen at Rs 330 crore versus Rs 308 crore
• EBITDA margin expected to be seen at 14.34% versus 15.42%
• Net profit expected to be seen at Rs 251 crore versus Rs 215 crore

*CUB*
• NII expected at Rs 562 crore versus Rs 538 crore
• EBIT expected to be seen at Rs 383 crore versus Rs 330 crore
• EBIT margin expected to be seen at 71.19% versus 61.40%
• Net profit expected to be seen at Rs 270 crore versus Rs 280 crore

*ULTRACEMCO*
• Revenue expected at Rs 15442 crore versus Rs 16012 crore
• EBITDA expected to be seen at Rs 2235 crore versus Rs 2550 crore
• EBITDA margin expected to be seen at 14.47% versus 15.93%
• Net profit expected to be seen at Rs 951 crore versus Rs 1281 crore

*UNIONBANK*
• NII expected at Rs 9556 crore versus Rs 9126 crore
• EBIT expected to be seen at Rs 7016 crore versus Rs 7220 crore
• EBIT margin expected to be seen at 51.40% versus 56.32%
• Net profit expected to be seen at Rs 3766 crore versus Rs 3511 crore

Stocks Picker Articles

18 Oct 2024 04:35

*Stocks in News*


*Zydus Life;* Company gets US FDA final approval for Fludrocortisone Acetate tablets USP, 0.1 mg. (Positive)

*Torrent Power:* Company signs share purchase agreement with Torrent Investments and Torrent Electricals. (Positive)

*Western Carriers:* Company wins Rs 41 Cr contract for Tata Steel Sponge Iron Joda plant (Positive)

*Diamond Power:* Company has received a letter of intent from Reverence Infrastructure India LLP worth Rs. 99.94 Cr for supply of Power Cables. (Positive)

*Landmark Cars:* Company receives LOI from BYD India for new showroom in Faridabad (Positive)

*Sterlite Technologies:* Company integrates Nvidia Edge AI into Fibre Optic Sensing Solution. (Positive)

*Honasa:* Mamaearth secures third position among the top skincare brands in India. (Positive)

*Mazdock:* Board meeting next week to consider stock split (Positive)

*Maithan Alloys:* Production at Byrnihat unit will be resumed by next week and gradually scaled up. (Positive)

*Axis Bank:* Net Profit at Rs 6918 cr vs Poll of Rs 6478 cr , NII at Rs 13620.4 vs Poll of Rs 12314.0 cr. (Positive)

*Adani Enterprises:* Company raises USD 500 million primary equity to further its growth plans. (Neutral)

*Wipro:* Net Profit at Rs 3014 cr vs Poll of Rs 3011 cr , Revenue at Rs 22302 vs Poll of Rs 22249 cr. (Neutral)

*LTI Mindtree:* Net Profit at Rs 1251 cr vs Poll of Rs 1227 cr , Revenue at Rs 9432.9 vs Poll of Rs 9450 cr. (Neutral)

*Infosys:* Net Profit at Rs 6506 cr vs Poll of Rs 6755 cr , Revenue at Rs 40986 vs Poll of Rs 40878 cr. (Neutral)

*Polycab:* Net Profit at Rs 445.2 cr vs Poll of Rs 452 cr , Revenue at Rs 5498.4 vs Poll of Rs 5062 cr. (Neutral)

*Zomato:* Company board to consider fund raising via QIP on Oct 22 (Neutral)

*KPIT Technologies:* Company will release its Q2 FY2025 results on October 23, 2024 (Neutral)

*Indian Overseas Bank:* Net Profit at Rs 777 cr vs Rs 624 cr(YoY) , Revenue at Rs 8484 vs Rs 12314.0 cr. (YoY) (Neutral)

*DCW:* Company to invest Rs 140 Cr for expansion of CPVC production capacity (Neutral)

*Tanla Platforms:* Net Profit at Rs 130 cr vs Rs 142 cr (YoY) , Revenue at Rs 1000 vs Rs 1008 cr. (YoY). (Neutral)

*Muthoot Capital:* Company board meeting on Oct 22 to consider issuance of NCDS up to Rs 2.5 billion on private placement basis. (Neutral)

*Matrimony .com:* Company approves buyback worth Rs 72 Cr. (Neutral)

*Dhanlaxmi Bank:* Board meeting ON October 22 to consider rights issue for fund raising. (Neutral)

*Reliance Ind:* Mothercare plc and Reliance Brands Holding UK Limited announce strategic Joint Venture for South Asia. (Neutral)

*IRCTC:* Clarifies On Change In Advance Reservation Period to 60 Days Instead Of 120 Days. (Neutral)

*TCS:* Company has set October 18, 2024, as the record date to determine shareholders' eligibility for its latest dividend payout (Neutral)

*Adani Total Gas:* Company faces 16% reduction in APM natural gas allocation for CNG (Negative)

*Mahanagar Gas:* Company faces 20% reduction in APM natural gas allocation for CNG (Negative)

*Tata Chemical:* Net Profit at Rs 267 cr vs Rs 495 cr (YoY) , Revenue at Rs 3999 vs Rs 3998 cr. (YoY). (Negative)

*Indraprastha Gas:* There has been a major reduction in domestic gas allocation to Company; revised domestic gas allocation to Company is about 21% lesser than previous allocation (Negative)

*MTNL:* Punjab & Sind Bank turns company’s accounts into NPA w.e.f. October 8, 2024 (Negative)

*Shemaroo Ent:* Net loss at Rs 26.9 cr vs Net Profit Rs 4.60 cr (YoY) , Revenue at Rs 152 vs Rs 191 cr. (YoY) (Negative)

*Wipro:* Revenue from our IT Services business segment to be in the range of $2,607 million to $2,660 million (Negative)

*CEAT:* Net Profit down 41.4% at ₹121.9 cr vs ₹208 cr, Revenue up 8.2% at ₹3,304.5 cr vs ₹3,053.3 cr (YoY) (Negative)

*Manappuram:* RBI takes action against select NBFCs including NBFCs-MFIs including subsidiary Asirvad microfinance. (Negative)

Stocks Picker Articles

17 Oct 2024 05:00

*SELAN EXPLORATION*

Dolly Khanna Inc. stake from 1.56% to 1.73%

*Lux Industries*

Mukul Agrawal inc. stake from 1.33% to 1.47%


*20 MICRONS*

Dolly Khanna name appears with 1.29% stake


*Prakash Pipes*

Dolly Khanna inc. stake to 3.79% from 2.91%

Mukul Agrawal stake at 2.51%


*REPRO INDIA*

Ashish Kacholia exited the co.

Vijay Kedia stake at 6.34%

Suresh Kumar Agrawal stake at 1.19%

Madhusudan Kela stake at 6.38%


*Aurum Proptech*

Equity Intelligence
inc. stake to 3.25%

Porinju Veliyath stake at 2.13%


*Interarch Building Products*

Carnelian Bharat Amritkaal Fund (VIKAS KHEMANI)
name appears with 1.20% stake

3P india funds hold 1%


*Technocraft Industries*

3P India fund (Prashant jain ) name appears with 1.11% stake

Abakkus reduced stake to 2.34%


*Vidhi Specialty*

Mukul Mahavir Agrawal reduced stake to 1.60%


*Elecon Engg.*

Vijay Kedia reduced stake from 1.34% to 1.29%

Ajay Upadhyaya stake constant at 1.78%


*SKY GOLD*

Ashish Kacholia reduced stake by 3.11%

Holding 1.85% via Bengal finance


*MSTC*

Valuequest India Moat Fund
name appears with 1.17%


*KARNATAKA BANK*

Anil Kumar Goel (Sugar man) name appears with 1.18%


*NILE Ltd.*

Dolly Khanna inc stake from 1.10% to 1.27%


*MOLD-TEK TECH*

Mahima Stocks (Madhusudan Kela)

Inc. stake to 2.09%

*OM INFRA*

Quant Mutual Fund inc. stake from 1.86% to 3.92%

Vijay Kedia stake at 2.49%

Dheeraj Kumar Lohia stake at 1.02%

*Updater Services*

Ashish Kacholia reduced stake from 1.95% to 1.50%

Bengal FIn stake constant at 1.33%


*Himadri Speciality Chemical*

Quant Mutual fund inc stake to 2.30%


*Jyoti Structures*

ASHISH KACHOLIA
name appears with 2.52% stake


*Heubach Colorants*

QUANT MUTUAL FUND

Bought 2,53,000 shares @ Rs.636.56


*TRANSFORMERS AND RECTIFIERS*

Madhuri Madhusudan Kela Stake below 1%


*R SYSTEMS*

Buyers:
DSP Mutual Fund
Carnelian Fund (Vikas Khemani)
Sundaram Mutual Fund


*Hind Rectifiers Ltd*

Mukul Agrawal increased stake to 1.39% from 1.30%


*Upsurge Investment & Finance*

Vikas Khemani & Associates name appears with 6.88% stake

*Aeroflex Industries Ltd.*

Ashish Kacholia increased stake to 3.60% from 3.59%

*Ansal Buildwell Ltd*.

Porinju Veliyath increased stake to 3.09% from 2.03%

Stocks Picker Articles

17 Oct 2024 04:55

*Fund Houses Recommendations*


Jefferies on *KEI Ind:* Maintain Buy on Company, raise target price at Rs 5720/Sh (Positive)

Nuvama on *KEI Ind:* Maintain Buy on Company, raise target price at Rs 5250/Sh (Positive)

HSBC on *HDFC Life:* Maintain Buy on Company, raise target price at Rs 800/Sh (Positive)

Nomura on *Bajaj Auto:* Maintain Buy on Company, raise target price at Rs 13400/Sh (Positive)

Nuvama on *Bajaj Auto:* Maintain Buy on Company, target price at Rs 13200/Sh (Positive)

IIFL on *Indegene:* Initiate Add on Company, target price at Rs 750/Sh (Positive)

DAM Cap on *Reliance Ind:* Initiate Buy on Company, target price at Rs 3042/Sh (Positive)

Macquarie on *Sequent Scientific:* Interacted with Sequent Scientific and Viyash management to understand the strategic outlook following the Sequent-Viyash merger. (Positive)

Jefferies on *Gold Loan Financiers:* Gold financiers to benefit from gold price tailwinds and the current rate cycle. (Positive)

Citi on *Gas distributers:* Media reports and discussions indicate the government has cut domestic APM gas allocation to the CGD industry by 4 mmscmd. (Neutral)

MS on *LTTS:* Maintain Underweight on Company, target price at Rs 4730/Sh (Neutral)

Investec on *LTTS:* Maintain Sell on Company, raise target price at Rs 4980/Sh (Neutral)

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

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

Macquarie on *Bajaj Auto:* Maintain Neutral on Company, target price at Rs 11072/Sh (Neutral)

Nomura on *LTTS:* Maintain Reduce on Company, cut target price at Rs 4840/Sh (Negative)

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

UBS on *SRF:* Downgrade to Sell on Company, target price at Rs 2100/Sh (Negative)

Stocks Picker Articles

17 Oct 2024 04:30

*Stocks in News*


RVNL: Company emerges as lowest bidder from Maharashtra metro rail corporation, Company emerges as lowest bidder for project worth Rs 2.7 billion (Positive)

Oriana Power: Company bags contract for 75MW (AC) solar power plant worth ₹375 cr (Positive)

Pondy Oxides: Net Profit at Rs 17.4 cr vs Net Profit Rs 8.2 cr (YoY) , Revenue at Rs 580 vs Rs 400 cr. (YoY) (Positive)

NBCC: Company received order worth Rs 252.5 million (Positive)

Ultratech Cement: Commissioning of an additional 1.2 mtpa grinding capacity at Arakkonam unit, total cement capacity has reached 156.06 MTPA (Positive)

RailTel: Company secures Rs. 79.84 Cr order from MHADA. (Positive)

Reliance Ind: Jio Fin: BlackRock, Jio Fin in talks for 50-50 private credit venture. Fixed October 28 as the record date for the purpose of determining the equity shareholders of the company (Positive)

IRCON: Company signs MoU with Patel Engineering for collaboration & co-operation in infrastructure projects in India & overseas (Positive)

MPhasis: Net Profit at Rs 423.0 cr vs poll of Rs 416.0 cr, Rupee Revenue at Rs 3536 vs poll of Rs 3516 cr. (YoY) (Positive)

HFCL: Company expects 70% of its revenue in fibre optic segment. (Positive)

Larsen and Toubro: Company launches first multi-purpose vessel for Indian Navy. (Positive)

GMR Airports: September passenger traffic up 9% YoY & down 4% MoM at 1.02 cr. (Neutral)

ICICI Bank: Penalized ₹2,11,000 by RBI for delays in reporting stock options to non-resident employees (2015-2018) (Neutral)

Bajaj Auto: Net Profit at Rs 2005 cr vs Net Profit Rs 1836 cr, Revenue at Rs 13130 vs Rs 10880 cr. (YoY) Company to invest $10 million in arm Bajaj Brazil in a phased manner (Neutral)

Crisil: Net Profit at Rs 171.6 cr vs Net Profit Rs 152 cr, Revenue at Rs 811.8 vs Rs 10880 cr. (YoY) (Neutral)

Cochin Shipyard: India government to exercise oversubscription option in Cochin shipyard stake sale, India GOVT to sell additionally up to 2.5% stake in Cochin shipyard under oversubscription option (Neutral)

Bikaji Foods: Company unit to invest Rs 1.31 billion in Hazelnut factory food products (Neutral)

Kolte-Patil: Collections up 16% YoY at Rs 550 cr, Sales value up 22% YoY at Rs 770 Cr (Neutral)

Pavna Industries: Company approved further raising of funds up to Rs 4.11 billion (Neutral)

JK Tyre: Company received a CARE A1+ short-term rating for its proposed Commercial Paper issuance. (Neutral)

Reliance Ind: Issue of bonus share passed with majority in e-voting on October 15, 2024 (Neutral)

HDFC Bank: Inaugurates its first branch in Singapore to expand financial services. (Neutral)

EIH: Company approves investing up to £69 million in unit EIH London Investments. (Neutral)

Oberoi Realty: Company said its board's operations committee has approved the issuance of NCDs totalling up to ₹1,500 crore on a private placement basis. (Neutral)

L&T Technology Services: Net Profit at Rs 320 cr vs Net Profit Rs 314 cr, Revenue at Rs 2573 vs Rs 2460 cr. (YoY) (Negative)

Stocks Picker Articles

16 Oct 2024 05:38

Corporate Actions

The Government of India will be selling a 5% stake in Cochin Shipyard via the offer-for-sale (OFS) route. The floor price has been fixed at Rs 1,540 per share. The OFS includes a base offer size of 2.5% and a green shoe option of 2.5%. The issue will open for non-retail investors on October 16 and for retail investors on October 17.

Dividend

16-Oct-24
NRBBEARING: Interim Dividend - Rs. - 2.50

17-Oct-24
MADHUVEER: Dividend - Rs. - 0.05

18-Oct-24
TCS: Interim Dividend - Rs. - 10.00
ANANDRATHI: Interim Dividend - Rs. - 7.00

21-Oct-24
JNKINDIA: Final Dividend - Rs. - 0.30

IPO
Hyundai Motor India: Open: 15-Oct-24; Close: 18-Oct-24

Buyback
---

Bonus
Grovy India: Bonus Issue 3:1; Ex-Date: 23-Oct-24

Stock Split
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24
Harshil Agrotech: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Oct-24
HEG: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Humming Bird Education: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Oct-24
Sacheta Metals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Pocl Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Oct-24
Mayukh Dealtrade: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 25-Oct-24
Dr. Reddy's Lab: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 28-Oct-24
Motisons Jewellers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Nov-24

Right Issue
Mittal Life Style: Open: 11-Oct-24; Close: 21-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24
Geojit Financial Services: Open: 15-Oct-24; Close: 23-Oct-24
Arc Finance: Open: 21-Oct-24; Close: 18-Nov-24

Open Offer
Navkar Corporation: Open: 14-Oct-24; Close: 25-Oct-24

Amalgamation
Jubilant Industries: Ex-Date: 16-Oct-24
TV18 Broadcast: Ex-Date: 16-Oct-24

Stocks Picker Articles

16 Oct 2024 05:02

Stock in Action

TATA ELXSI: Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. In Q2FY25, the company reported a revenue of Rs. 955.1 crores, a growth of 3.1% QoQ. Its EBITDA Margin has expanded by 70bps to 27.9% for this quarter. It reported PAT of Rs. 229.4 crores, a growth of 26.4% QoQ. The company is almost debt free and has a good ROE of 37.5% for the past 3 years. Its transportation business grew by 4.4% QoQ and won a USD50 million multiyear deal from a global OEM. It also launched a global next-gen mobility innovation center in Bangalore in partnerships with Emerson. The company sees green shoots of growth led by the network transmission offerings and the digital Gen AI-led motivation for the future of media. The company has the world’s first RDK broadband implementation for Qualcomm, which allows global telecom operators to adopt for the first of its kind solution to deliver high-speed home and enterprise broadband services with a 5G network. It has added some new customers, including a global renal care leader and a US headquartered healthcare AI leader, which should scale over the next few quarters. Skanray, a leading global MedTech, R&D and Manufacturing company specializing in diagnostic imaging, critical care and surgery/OT solutions, has chosen Tata Elxsi as a strategic partner for advanced surgical imaging core technology and software platform development. It launched a state-of-the-art robotics innovation lab in Frankfurt in partnership with Denso Robotics and AA Tech, designed to revolutionize automation and robotics for various sectors, including precision surgery and health care. With its strong AI capabilities and design digital capabilities it is well positioned to demonstrate and create value, win new customers and engage deeper with its global customer base. Positive on Tata Elxsi given the strong fundamentals and performance of the company.

ANGEL ONE: Angel One Ltd is a diversified financial services company and is primarily engaged in the business of stock, commodity and currency broking, institutional broking, providing margin trading facility, depository services and distribution of mutual funds, lending as a NBFC and corporate agents of insurance companies. Company has gone live credit products on its platforms. Company has on boarded with 3 NBFCs to offer unsecured loan on its platforms and 3 banks & NBFCs are in pipeline. Company is also on boarded with banks to offer fixed deposits products. The expanding suite of products, from equity broking to distribution of third-party financial products, showcases the evolution of its Super App and its advanced capabilities. Company is steadily becoming more capable of fulfilling all client’s financial needs and empowering them to close their financial lifecycle loop within the platform. Company continues to witness growing off take of mutual funds through its platform. The successful adoption of newer products on the Super App will further increase wallet share and improve the LTV. Company reported robust performance during Q2FY25 by acquiring 3 million new customers and 90% come from Tier 1 and Tier 2 cities. Gross broking revenue account 90% of gross revenue which F&O accounts 81% and cash accounts 13%. Cash revenue is expected to increase further. AP business will get boost from equity broking and distribution. Company has 9,000-10,000 APs and it contributes 22-23% of total business. The growth in AP business will keep space with the digital business. In next few quarters, company will start distribution of insurance from its platform. Due to regulatory changes by SEBI, the customers base will increase by 50-60%, however there will be 13-14% impact on net income in short term. The cash turnover for 2QFY25 is Rs 100 billion. Premium to notional exchange is around 16-18 bps. Company has delivered good profit growth of 69.8% CAGR over last 5 years. Company has a good return on equity (ROE) track record: 3 Years ROE 45.2%.

Stocks Picker Articles

16 Oct 2024 04:46

*Stocks in News*


*GR Infraprojects:* Company gets Letter of Acceptance worth ₹1,885.6 crore from Maharashtra State Road Development Corp (Positive)

*PNC Infratech:* Company bags order worth ₹4,630 crore for two projects from Maharashtra State Road Development Corporation (Positive)

*Ashoka Buildcon:* Company wins Rs 1,126.58 Cr flyover project from BMC (Positive)

*Bhageria Industries:* Company gets LOA for solar power developer, LOA for solar photovoltaic power generating stations of capacity of 32 MW (AC) (Positive)

*Ceigall India:* Company emerged as L1 bidder for construction of 4 lane elevated road, Company declared L1 bidder with bid project cost of Rs 2.07 billion (Positive)

*Alpex Solar:* Company secures Rs 277.19 Cr order from leading PSU (Positive)

*RailTel:* Company secures Rs. 79.84 Cr order from MHADA. (Positive)

*Rallis India:* Net Profit at Rs 98 cr vs Net Profit Rs 82 cr (YoY) , Revenue at Rs 928 vs Rs 832 cr. (YoY). (Positive)

*Capri Global Capital:* Company enters green financing with rooftop solar finance, partners with credit fair as loan service providers aims to build a separate Rs 1000 Cr loan-book in coming years (Positive)

*Lactose:* Net Profit at Rs 2.1 cr vs Net Profit Rs 0.80 cr (YoY) , Revenue at Rs 30 vs Rs 24 cr. (YoY) (Positive)

*Oil downstream stocks:* Brent crude oil futures sank 5% below $74 (Positive)

*Power Finance Corp:* Transfer of Jamnagar transmission, navinal transmission to Adani energy solutions, and sale of two units for Rs 192.8 million and Rs 191.4 million. (Neutral)

*KEI Industries:* Net Profit at Rs 155 cr vs Net Profit Rs 140 cr (YoY) , Revenue at Rs 2280 vs Rs 1945 cr. (YoY). (Neutral)

*SG Finserve:* Net Profit at Rs 14.1 cr vs Net Profit Rs 17.5 cr (YoY) , Revenue at Rs 30.9 vs Rs 43.9 cr. (YoY) (Neutral)

*Central Bank of India:* India CCI approves the acquisition of 24.91% shareholding in future generali India insurance and 25.18% shareholding in future Generali India life insurance by central bank of India. (Neutral)

*Power Grid Corp:* Acquisition of ‘Rajasthan iv H1 power transmission’ by Company for Rs 188.1 million, Company says acquisition of south OLPAD transmission by co under TBCB route for Rs 188.4 million (Neutral)

*Sterlite Technologies:* Company announces significant investment of Rs 50 crore to establish a state-of-the-art fibre skilling training Centre in Telangana (Neutral)

*Madhya Bharat Agro:* Net Profit at Rs 13.8 cr vs Net Profit Rs 14.9 cr (YoY) , Revenue at Rs 280 vs Rs 280 cr. (YoY) (Neutral)

*Krishana Phoschem:* Net Profit at Rs 16.7 cr vs Net Profit Rs 19.3 cr (YoY) , Revenue at Rs 300 vs Rs 265 cr. (YoY) (Neutral)

*Adani Enterprises:* Closes QIP at ₹2,962 per Share, Offering 4.99% Discount to QIBs (Neutral)

*LTIMindtree:* Company announces merger of subsidiaries, effective October 2, 2024, to enhance operational efficiency. (Neutral)

*ONGC:* Boosts Stake in OPaL to 94.04% with ₹10,501 Crore Investment (Neutral)

*Adani Green Energy:* Company defers $1.2 billion offering due to weak market conditions ahead of U.S. elections. (Neutral)

*Tata Motors:* Jaguar LandRover's retail sales rise 36% year-on-year to 3,214 units for first six months of current fiscal. (Neutral)

*Cochin Shipyard:* India government to sell up to 5% stake in cochin shipyard via offer for sale, floor price for India GOVT's stake sale in cochin shipyard at Rs 1,540 rupees/share (Negative)

Stocks Picker Articles

15 Oct 2024 05:35

Corporate Actions

Garuda Construction and Engineering is set to make stock market debut today, October 15. The issue price is fixed at Rs. 95 per share.

Easy Trip Planners has approved issue of 1 bonus equity shares for every 1 equity share subject to the shareholder's approval.

Rajoo Engineers has approved issue of Bonus equity shares in the ratio of 1:3 i.e. 1 Equity Share for every 3 existing Equity Share held, subject to the approval of the shareholders of the Company through Postal Ballot.

Exxaro Tiles has approved sub-division/ split of existing 1 Equity Share of face value of Rs. 10/- each into 10 Equity Shares of face value of Rs. 1/- each, subject to shareholders approval and other resolution

Dividend

15-Oct-24
INFRATRUST: Income Distribution (InvIT)

16-Oct-24
NRBBEARING: Interim Dividend - Rs. - 2.50

17-Oct-24
MADHUVEER: Dividend - Rs. - 0.05

18-Oct-24
TCS: Interim Dividend - Rs. - 10.00
ANANDRATHI: Interim Dividend - Rs. - 7.00

21-Oct-24
JNKINDIA: Final Dividend - Rs. - 0.30

IPO
Hyundai Motor India: Open: 15-Oct-24; Close: 18-Oct-24

Buyback
---

Bonus
Vaishali Pharma: Bonus Issue 1:1; Ex-Date: 15-Oct-24
Grovy India: Bonus Issue 3:1; Ex-Date: 23-Oct-24

Stock Split
ABans Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-Oct-24
Vaishali Pharma: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-Oct-24
Credent Global Finance: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 15-Oct-24
Pondy Oxides & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 16-Oct-24
Harshil Agrotech: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 17-Oct-24
HEG: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Humming Bird Education: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 18-Oct-24
Sacheta Metals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 18-Oct-24
Pocl Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Oct-24
Mayukh Dealtrade: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 25-Oct-24
Dr. Reddy's Lab: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 28-Oct-24
Motisons Jewellers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Nov-24

Right Issue
Mittal Life Style: Open: 11-Oct-24; Close: 21-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24
Geojit Financial Services: Open: 15-Oct-24; Close: 23-Oct-24
Arc Finance: Open: 21-Oct-24; Close: 18-Nov-24

Open Offer
Navkar Corporation: Open: 14-Oct-24; Close: 25-Oct-24

Amalgamation
Jubilant Industries: Ex-Date: 16-Oct-24
TV18 Broadcast: Ex-Date: 16-Oct-24

Stocks Picker Articles

15 Oct 2024 04:58

*Fund Houses Recommendations*


UBS on *RK Forging:* Initiate Buy on Company, target price at Rs 1500/Sh (Positive)

HSBC on *Maruti:* Maintain Buy on Company, target price at Rs 14500/Sh (Positive)

Nuvama on *Reliance:* Maintain Buy on Company, target price at Rs 3650/Sh (Positive)

Systematix on *Reliance:* Upgrade to Buy on Company, raise target price at Rs 3145/Sh from Rs 3050/Sh (Positive)

B&K on *Neuland Labs:* Maintain Buy on Company, raise target price at Rs 20000/Sh (Positive)

Nuvama on *JSW Infra:* Initiate Buy on Company, target price at Rs 390/Sh (Positive)

Citi on *Federal Bank:* Maintain Buy on Bank, target price at Rs 231/Sh (Positive)

Jefferies on *HDFC Bank:* Maintain Buy on Bank, target price at Rs 1890/Sh (Positive)

Nomura on *HCL Tech:* Maintain Buy on Company, raise target price at Rs 2000/Sh (Positive)

Nuvama on *HCL Tech:* Maintain Buy on Company, raise target price at Rs 2125/Sh (Positive)

MS on *HCL Tech:* Maintain Overweight on Company, raise target price at Rs 1970/Sh (Positive)

Morgan Stanley on *CPI Inflation:* Food inflation leads to an unexpected upside surprise (Neutral)

Macquarie on *Financials:* Several global emerging market fund managers who were underweight on China have significantly increased their weightings. (Neutral)

Investec on *HCLTECH:* Maintain Sell on Company, raise target price at Rs 1540/Sh (Neutral)

Jefferies on *HCLTECH:* Maintain Sell on Company, raise target price at Rs 1770/Sh (Neutral)

Investec on *Dr Reddy:* Maintain Buy on Company, target price at Rs 8000/Sh (Neutral)

HSBC on *HCLTECH:* Maintain Hold on Company, raise target price at Rs 1700/Sh (Neutral)

Jefferies on *Reliance:* Maintain Buy on Company, target price at Rs 3400/Sh (Neutral)

Nomura on *Reliance:* Maintain Buy on Company, target price at Rs 3450/Sh (Neutral)

Citi on *Reliance:* Maintain Neutral on Company, target price at Rs 2900/Sh (Neutral)

MS on *Reliance:* Maintain Overweight on Company, target price at Rs 3325/Sh (Neutral)

Stocks Picker Articles

15 Oct 2024 04:56

*Stocks in News*


*Sterling and Wilson:* Company receives fresh order worth ₹823 cr (Positive)

*JKumar Infra:* Company bags work order worth Rs 297.8 cr from Pune Municipal Corporation (Positive)

*Zydus Lifesciences:* Company and ICMR have partnered to initiate Phase 2 clinical trials of Desidustat for Sickle Cell Disease in India (Positive)

*Sunteck Realty:* Collections in Q2 FY25 up 24.8% on (YoY), Q2 pre-sales up 32.7% (YoY). (Positive)

*IFGL Refractories:* Company has entered into a Joint Venture Agreement with Marvels International Group Co Ltd and Marvel Refractories (Anshan) Company Limited to set up a JV company in India. (Positive)

*Indian Oil:* Company and Ever Enviro Resource Management have formed a 50:50 joint venture to promote biofuel adoption in India. (Positive)

*HCL Tech:* Net Profit at Rs 4235 cr vs Net Profit Rs 4257 cr (QoQ) , Revenue at Rs 28862 vs Rs 28057 cr. (QoQ) (Positive)

*HEC Infra Projects:* Company secures Rs 11.36 Cr project from Ahmedabad Municipal Corporation (Positive)

*Rajoo Engineers:* Net Profit at Rs 8 cr vs Net Profit Rs 5.3 cr (YoY) , Revenue at Rs 57 vs Rs 53 cr. (YoY) (Positive)

*International Travel House:* Net Profit at Rs 7.4 cr vs Net Profit Rs 5.6 cr (YoY) , Revenue at Rs 61 vs Rs 53 cr. (YoY) (Positive)

*Lyka labs:* Company’s patent pending drug Pregabalin Gel 8% w/w for the treatment of diabetic neuropathic pain receives approval from CDSCO. (Positive)

*IRCTC:* Company commences Rail Neer production at Vijayawada plant, boosting daily capacity to 18.40 lakh litres (Positive)

*JSW Infrastructure:* Company receives LOI for Murbe Port development on PPP model. (Positive)

*Premier Energies:* Secures Rs 765 Crore in New Solar Orders. (Positive)

*Thomas Cook:* Company has launched Sterling City Centre Bokaro in Jharkhand. (Positive)

*Honeywell:* Company wins Airfield Ground Lighting Project for Noida International Airport. (Positive)

*HAL:* Department of Public Enterprises: Finance Minister has approved the upgradation of Hindustan Aeronautics to the 14th Maharatna CPSE (Positive)

*Oil downstream stocks:* Oil prices corrected by 3 percent as OPEC cuts global oil demand growth forecasts for a third month (Positive)

*Adani Energy:* Q2 system availability stands at 99.7%. Increase in project pipeline from Rs 17,000 crore in Q1FY25 to Rs 27,300 crore Q2FY2 (Positive)

*Bharat Forge:* India and the US will sign a Rs 34,500 crore deal to acquire MQ9B drones for the armed forces: ET (Positive)

*CESC:* Company has entered into a Share Purchase Agreement today for acquisition of 100% share capital of Deshraj Solar Energy Private Limited (Positive)

*Gopal Snacks:* Net Profit at Rs 28.8 cr vs Net Profit Rs 27.2 cr (YoY) , Revenue at Rs 299 vs Rs 356 cr YoY. Company declares interim dividend of Rs 1 per share. (Neutral)

*Dr. Reddy's Laboratories:* Company has been named as a defendant in several lawsuits related to the drug Revlimid. (Neutral)

*Indian Overseas Bank:* Bank hikes lending rate on overnight & 1-month tenures by 5 bps each (Neutral)

*HB Portfolio: Company invests Rs 50 Cr in subsidiary Infinix9 Hotels & Resorts to strengthen hospitality business. (Neutral)

*Coal India:* Company board to meet on October 25 to consider dividend (Neutral)

*Exxaro Tiles:* Company approves sub-division of 1 share into 10. (Neutral)

*TVS Motor:* Company to announce Q2FY25 results on October 23 (Neutral)

*BHEL:* Company to announce Q2FY25 results on October 28 (Neutral)

*Maruti Suzuki:* Company launches Baleno Regal Edition, enhancing comfort and style for the festive season (Neutral)

*DMart:* Revenue at Rs 14444 cr versus poll Rs 14206.0 cr. Net profit seen at Rs 660 cr vs poll of Rs 770 cr. (Neutral)

*Brightcom Group:* Company to apply for suspension revocation after releasing shareholding, AGM schedule (Neutral)

*Reliance Ind:* Net Profit at Rs 16563 crore versus poll Rs 15738 crore, Revenues at Rs 2.35 lakh crore versus poll Rs 2.32 lakh crore. (Neutral)

Stocks Picker Articles

14 Oct 2024 05:24

Forthcoming Event

14th October: GOPAL, HCLTECH, VSL, WEALTH to consider Dividend; Easy Trip Planners, Rajoo Engineers to consider Bonus issue; Exxaro Tiles to consider Stock Split; Caprihans India, Kesar Petroproducts, New Light Apparels, Pakka, Thinkink Picturez, Trimurthi to consider Fund Raising

15th October: DBCORP to consider Dividend; Bacil Pharma, DMR Hydroengineering & Infrastructures, Insolation Energy, KEI Industries, Murae Organisor, Sharanam Infraproject and Trading, Suditi Industries to consider Fund Raising; Diamond Power Infrastructure to consider Stock Split

16th October: CRISIL, LTTS, TIPSMUSIC to consider Dividend; Blue Cloud Softech Solutions to consider Stock Split; Consecutive Investments & Trading Company to consider Bonus issue & Stock Split; Oberoi Realty, Sudarshan Chemical Industries to consider Fund Raising

17th October: INFY, LTIM to consider Dividend; Wipro to consider Bonus issue

18th October: ELECON, ICICIGI, KSOLVES to consider Dividend

19th October: DALBHARAT to consider Dividend; Achyut Healthcare to consider Bonus issue & Stock Split

21st October: BEPL, GETALONG, JULIEN to consider Dividend; Sonalis Consumer Products, Surana Solar to consider Fund Raising; Visagar Polytex to consider Scheme of Arrangement

22nd October: COFORGE to consider Dividend

23rd October: COFORGE, ASIANPAINT, CARERATING, DODLA, HINDUNILVR, NAVINFLUOR to consider Dividend

24th October: NAM-INDIA, PETRONET to consider Dividend; AA Plus Tradelink to consider Bonus issue & Stock Split; Trustwave Securities to consider Reduction of Capital