Indian Stock News Channel

12 Dec 2024 03:36

BLOCK DEAL ALERT: NUVAMA WEALTH

Edelweiss Group to sell nearly 7% stake in co via block deals

BLOCK deal Size of nearly $200 mn or Rs 1700 crores

Floor price of block deal likely at Rs 6800 per share

Jefferies likely to be broker for clean out block

Sources to Moneycontrol

Indian Stock News Channel

12 Dec 2024 03:13

1-VEDANTA
Board to consider interim dividend on Dec 16

2-NUVAMA WEALTH
Edel Finance and ECap Equities may sell more than 7% stake in the company at Rs 6800/share

3-WAAREE ENERGIES
Received Letter of Award for 170 MW solar power plant.

4-GRASIM IND
Approval for issuance of ₹ 2,000 crore non-convertible debentures.

5-GLAND PHARMA
Gland Pharma receives US FDA approval for Phytonadione Injectable Emulsion.

6-AFCONS INFRA
Afcons declared the lowest bidder for the water supply project. Worth Rs 503 Cr

7-SHRIRAM FINANCE
Shriram Finance sells an 84.44% stake in SHFL to Warburg Pincus.

8-IOB
Order of refund of ₹808.30 crores from the Income Tax Department.

9-IRFC
The company received a GST demand order of Rs. 230.55 crore.

10-AMI ORGANICS
Approval of Rs. 177 crore capex for electrolytes project.

Indian Stock News Channel

12 Dec 2024 02:36

WAAREE ENERGIES

UNIT TO BUILD 170MW SOLAR PLANT IN MP STATE

Indian Stock News Channel

12 Dec 2024 02:34

Vishal Mega Mart Limited IPO

Final Verdict

Applying For Reasonable Listing Gains And Long-term

Highlights of the Issue :

Date : 11-13 December
Price Band : 74-78
Size : 8,000
(Full OFS)

M.cap : 35,168 Cr

Objects Of The Issue :

To Carry Out The Offer For Sale For Promoters And Investors And Achieve The Benefits Of Listing The Shares on Exchanges

Key Pointers

▪︎ Vishal Mart Is One Of India's Top 3 Offline First Value Retail Chain And Fastest Growing Retail Chain

▪︎ It's Has A Strong Network Of 645 Stores Across 414 Cities Pan-India

▪︎ Company Aims To Expand It's Operations In Tamil Nadu, Maharashtra And Gujarat For Future Growth And Deepen Presence in Existing Geographies

▪︎ Vishal Mega Aims To Open 80-100 Stores Annually And Majority Expansion Done via Internal Accruals

▪︎ Vishal Mega Mart Operates In A Asset Light Model And 73% of Its Revenue Comes From Own Brands Which Helps In Maintaining And Scaling Margins

▪︎ The Company Aims To Expand It's Footprint in Quick Commerce

▪︎ Vishal Has Lowest Store Turnaround Time (19 Months) In Whole Industry And Best Same Store Growth Of 13.5%

▪︎ Vishal Caters To Middle And Lower-Middle Income Segment Which is Expected To Grow Rapidly Due To Increasing Aspirations And Increased Standard Of Living

Forward Projections :

FY23
Rev : 7586 cr
EBITDA : 1020 Cr
PAT : 321.3 cr

FY24
Rev : 8912 cr
EBITDA : 1249 Cr
PAT : 462 cr

H1 FY25
Rev : 5032 Cr
EBITDA : 668 Cr
PAT : 254.1 Cr

FY25E*
Rev : 10,580 cr
EBITDA : 1,465 Cr
PAT : 545 cr

FY26E*
Rev : 12,465 Cr
EBITDA : 1740 Cr
PAT : 756

Peer Comparison On EV/EBITDA Multiple

Avenue Supermarts :
FY24 - 60×
FY25E - 54×
FY26E - 44.5×

Trent Limited :
FY24 - 125×
FY25E - 90×
FY26E - 68×

Vishal Mega Mart :
FY24 - 28.3×
FY25E - 22×
FY26E - 20.3×

Giving A 30% And 50% Discount To DMart And Trent i.e 32.4× FY26E EV/EBITDA

Fair Price Comes At 124, Indicating An Upside Of 59%

Indian Stock News Channel

20 Jul 2024 06:50

Blue Dart reports #Q1 earnings👇

👉Net profit down 12.9% at ₹53.4 cr vs ₹61 cr (YoY)

👉Revenue up 8.5% at ₹1,343 cr vs ₹1,237.5 cr (YoY)

👉EBITDA up 5.8% at ₹202.2 cr vs ₹191.2 cr (YoY)

👉Margin at 15.1% vs 15.4% (YoY)

Indian Stock News Channel

19 Jul 2024 20:05

Supreme Petrochem reports #Q4 earnings👇

- Net profit up 76.1% at ₹122 cr vs ₹69 cr (YoY)

- Revenue up 28.4% at ₹1,573.5 cr vs ₹1,225.1 cr (YoY)

- EBITDA up 78.1% at ₹161 cr vs ₹90.4 cr (YoY)

- Margin at 10.2% vs 7.4% (YoY)

Indian Stock News Channel

19 Jul 2024 20:05

JSW Energy reports #Q1 earnings👇

👉Net profit up 80% at ₹521.8 cr vs ₹289.9 cr (YoY)

👉Revenue down 1.7% at ₹2,879.5 cr vs ₹2,927.9 cr (YoY)

👉EBITDA up 16% at ₹1,417.9 cr vs ₹1,222.1 cr (YoY)

👉Margin at 49.2% vs 41.7% (YoY)


RPG Life reports Q1 earnings👇

👉Net profit up 21.3% at ₹26.8 cr vs ₹22.1 cr (YoY)

👉Revenue up 11.9% at ₹165.4 cr vs ₹147.9 cr (YoY)

👉EBITDA up 21.2% at ₹39.1 cr vs ₹32.3 cr (YoY)

👉Margin at 23.6% vs 21.8% (YoY)

Indian Stock News Channel

19 Jul 2024 11:17

Atul reports #Q1 earnings

👉Net profit up 8.4% at ₹112 cr vs ₹103.3 cr (YoY)
👉Revenue up 12% at ₹1,322 cr vs ₹1,182 cr (YoY)
👉EBITDA up 22.5% at ₹223 cr vs ₹182 cr (YoY)
👉Margin at 16.9% vs 15.4% (YoY)

Indian Stock News Channel

19 Jul 2024 10:52

DivisLabs | US FDA completes procedural observation at manufacturing facility in Visakhapatnam

👉US FDA inspected company’s Visakhapatnam manufacturing facility from July 11-19

Indian Stock News Channel

19 Jul 2024 09:45

Tribunal passes order in favour of RVNL’s JV in a dispute against railway ministry, passes an award of ₹582.4 cr in favour of co’ s JV Krishnapatnam Railway

Indian Stock News Channel

19 Jul 2024 08:53

KPIGreen wins 100 MW Hybrid Captive Solar Power Project; Stock in 5% lower circuit

Indian Stock News Channel

19 Jul 2024 08:17

ZydusLife receives USFDA approval for NDA Zituvimet extended-release tablets which are used as an adjunct to diet & exercise to improve glycemic control in adults with type 2 diabetes

Indian Stock News Channel

19 Jul 2024 08:17

Caplin Point gets final US FDA ANDA nod for Ephedrine Sulfate injection USP, 50 mg/mL Single Dose vial

Ephedrine Sulfate injection USP, 50 mg/mL is indicated for the treatment of clinically important hypotension occurring in the setting of anaesthe

Indian Stock News Channel

18 Jul 2024 18:44

Tata Technologies reports #Q1 earnings👇

👉Net profit down 15.4% at ₹162 cr vs ₹191.5 cr (YoY)

👉Revenue up 0.9% at ₹1,269 cr vs ₹1,257.5 cr (YoY)

👉EBITDA down 7.7% at ₹231 cr vs ₹250.5 cr (YoY)

👉Margin at 18.2% vs 19.9% (YoY)

Indian Stock News Channel

18 Jul 2024 17:20

Tanla Platforms reports #Q1 earnings

- Net Profit up 4.3% at ₹141.2 cr vs ₹135.4 cr (YoY)

- Revenue up 10% at ₹1,002.2 cr vs ₹911.1 cr (YoY)

- EBITDA up 3.5% at ₹188.6 cr vs ₹182.2 cr (YoY)

- Margin at 18.8% vs 20% (YoY)

Indian Stock News Channel

12 Dec 2024 03:15

US CPI Alert !

- Core CPI at 0.308% MoM vs Bloomberg survey estimate at 0.28% MoM

- Treasury yields move lower, reassured that a Dec Fed cut is very likely

- USD OIS rates were pricing about -21 bps for Dec prior to CPI. Now near -24 bps

Indian Stock News Channel

12 Dec 2024 02:40

The real winner of Trump’s presidency is Elon Musk.

As per billionaire index by Bloomberg, he became the first person to reach $400 billion net worth. This push was due to SpaceX’s recent insider share sale.

Musk’s net worth has increased 66% since Trump won.

Indian Stock News Channel

12 Dec 2024 02:36

Vedanta

Board meeting on December 16 to discuss 4th interim dividend

Record date is Dec 24

FY25 dividend worth Rs 35 has already paid

Indian Stock News Channel

20 Jul 2024 11:34

YesBank Q1

➡️Net Profit Up 47% At Rs 502.4 Cr Vs Rs 342.5 Cr (YoY)
➡️NII Up 12.2% At Rs 2,244 Cr Vs Rs 1,999.6 Cr (YoY)
➡️Gross NPA At Rs 3,845 Cr Vs Rs 3,982.6 Cr (QoQ)
➡️Net NPA At Rs 1,246 Cr Vs Rs 1,330 Cr (QoQ)
➡️Gross NPA Ratio At 1.7% Vs 1.7% (QoQ)
➡️Net NPA Ratio At 0.5% Vs 0.6% (QoQ)

Indian Stock News Channel

20 Jul 2024 06:49

Indian Hotels reports #Q1 earnings👇

👉Net profit up 11.7% at ₹248.4 cr vs ₹222.4 cr (YoY)

👉Revenue up 5.7% at ₹1,550.2 cr vs ₹1,466.4 cr (YoY)

👉EBITDA up 9.6% at ₹449.6 cr vs ₹410.2 cr (YoY)

👉Margin at 29% vs 28% (YoY)

Indian Stock News Channel

19 Jul 2024 20:05

EMS | JV bags order worth ₹535.19 crore from Uttarakhand Urban Sector Development Agency

- EMS is having 95% share with the other JV partners

Indian Stock News Channel

19 Jul 2024 11:18

Blue Dart reports #Q1 earnings👇

👉Net profit down 12.9% at ₹53.4 cr vs ₹61 cr (YoY)

👉Revenue up 8.5% at ₹1,343 cr vs ₹1,237.5 cr (YoY)

👉EBITDA up 5.8% at ₹202.2 cr vs ₹191.2 cr (YoY)

👉Margin at 15.1% vs 15.4% (YoY)

Indian Stock News Channel

19 Jul 2024 10:52

Fedbank Financial reports #Q1 earnings👇

👉Net profit up 3.7% at ₹70.2 cr vs ₹67.7 cr (YoY)
👉NII up 18.5% at ₹250 cr vs ₹211 cr (YoY)

Indian Stock News Channel

19 Jul 2024 10:51

Jubilant Pharmova reports #Q1 earnings

- Net profit at ₹482 cr vs ₹6.4 cr (YoY)

- One-time gain at ₹396 cr vs nil (YoY)

- Revenue up 9% at ₹1,731.7 cr vs ₹1,586.9 cr (YoY)

- EBITDA uP 48.3% AT ₹251.5 CR VS ₹167 CR (YoY)

- Margin at 14.5% vs 11% (YoY)

Indian Stock News Channel

19 Jul 2024 08:53

Newsbreak confirmed, NazaraTech to acquire 48.42% stake in Paper Boat apps for max ₹300 cr

To acquire existing founders’ stake in a strategic investment

Alert: Kiddopia is a product developed by Paper Boat Apps

Indian Stock News Channel

19 Jul 2024 08:53

MTNL defaults on payment of ₹37.50 cr to Punjab & Sind Bank

Indian Stock News Channel

19 Jul 2024 08:17

Paytm Q1

--Cons Net Loss At ₹839 Cr Vs Loss Of ₹357 Cr (YoY)

--Cons Revenue Down 36% At ₹1,502 Cr Vs ₹2,342 Cr (YoY)

Indian Stock News Channel

18 Jul 2024 18:44

Persistent Systems reports #Q1 earnings👇

👉Net profit down 2.8% at ₹306.4 cr vs ₹315.3 cr (QoQ)

👉Revenue up 5.7% at ₹2,737 cr vs ₹2,590.5 cr (QoQ)

👉EBIT up 2.5% at ₹383.8 cr vs ₹374.4 cr (QoQ)

👉Margin at 14% vs 14.5% (QoQ)

Indian Stock News Channel

18 Jul 2024 17:20

CIE Automotive reports #Q1 earnings👇

👉Net profit down 28.1% at ₹216.8 cr vs ₹301.7 cr (YoY)

👉Revenue down 1.2% at ₹2,292.7 cr vs ₹2,320.3 cr (YoY)

👉EBITDA down 2.8% at ₹359.9 cr vs ₹370.4 cr (YoY)

👉Margin at 15.7% vs 16% (YoY)

Indian Stock News Channel

18 Jul 2024 13:45

📅 2024-07-18 update (Day - 118)
------------------------------------------

🛄Portfolio Update
Daily PNL %: -0.09%
Overall PNL %: 19.60%

💹Market Update
Nifty - 24,800.8 +187.85 (0.76%)
Nifty 500 - 23,210.0 +5.8 (0.02%)

------------------------------------------

📈 Top Gainer
Emami Ltd (EMAMILTD) -> 2.82%🔼

📉 Top Loser
Castrol India Ltd (CASTROLIND) -> -3.72%🔽

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📊Stay tuned for tomorrow's update and let's keep our momentum going!
@investingQuant