Indian Stock News Channel

12 Dec 2024 03:44

Gland Pharma receives USFDA approval for Phytonadione Injectable Emulsion. The Product Is indicated in coagulation disorders caused by VitaminK deficiency

Indian Stock News Channel

12 Dec 2024 03:43

Overweight Call On JSPL, Target At 1,200/Sh

Overweight Call On JSW Steel, Target At 1,150/Sh

Equal-Weight Call On Tata Steel, Target At 160/Sh

Underweight Call On SAIL, Target At `115/Sh

Indian Stock News Channel

12 Dec 2024 03:40

JP MORGAN-CEMENT CHANNEL CHECKS

North-Prices have not increased due to lack of demand

West-Prices have increased by Rs 15-20 Uncertaintiy

East-Demand remains weak and prices not increased

South-Increased by Rs 20-25 per bag, but upside uncertain

Prices should move up

Prefer Ultratech Cement, ACC

Indian Stock News Channel

12 Dec 2024 03:40

Ashwini Vaishnav,  Union Minister of Electronics and IT in Parliament emphasizes consensus on Social Media Accountability, & AI Governance

Minister said the Govt is Open to new law and regulations on AI

Indian Stock News Channel

12 Dec 2024 03:36

Nifty Top Contributors👇

Positive: INFOSYS +21, BAJAJ FINANCE +11, TRENT +9 Negative: RIL -10, HDFC BANK -8, SBIN -5

Indian Stock News Channel

12 Dec 2024 03:36

Sees value in transportation and energy linked projects

Key things to watch is scale up of electrolyzer, green hydrogen and data center related offerings

Scale up of semi-conductor foray

Indian Stock News Channel

12 Dec 2024 03:36

Today's Opening GMP

Vishal 23
Sai 29
Mobikwik 128
IGI 145
IKS 350

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

12 Dec 2024 03:43

NASDAQ HIT ALL TIME HIGH

IT STOCKS IN FOCUS 👀

Indian Stock News Channel

12 Dec 2024 03:43

Agriculture, animal husbandry to play important role in economy in near future: Shivraj Chouhan

Indian Stock News Channel

12 Dec 2024 03:40

KOTAK SECURITIES ON BRAINBEES

Initiate Add with target price of Rs 630

India multichannel: Largest of its kind with increasing margin trajectory

Globalbees, a brand aggregator, has turned profitable and can scale up rapidly

Expect 17% revenue CAGR, 30% EBITDA CAGR over FY24-27

Indian Stock News Channel

12 Dec 2024 03:36

MACQUARIE ON L&T

MANAGEMENT MEET TAKEAWAYS

Maintain Outperform; 12 Month target price of Rs 4210

Middle East working capital terms continue to be favourable

Have moved senior management personnel to Middle East

Domestic state capex-L&T remains selective

Domestic central government capex expected to pick up in H2

Expects govt projects to continue bulk of order inflows (70-75%)

Indian Stock News Channel

12 Dec 2024 03:36

JEFFERIES ON MIDCAP

Key raw material prices trends-

Copper price dipped by 9% over Oct-mid Nov, but stabilizing since

Cable and Wire prices were cut 5% in mid November

Channel destocking could impact interim volumes

Copper stability can aid pick up with H2 capex recovery

Key plays are Havells, Finolex Cables and Polycab

PVC prices rose 5% over Oct-Nov to Rs 78/kg

Bode well for margins for Astral, Supreme Industries

Indian Stock News Channel

12 Dec 2024 03:36

GOLDMAN SACHS ON CONCOR

Maintain Sell, TP 710

Prefer Adani Ports

Earnings downgrades to continue

Weak growth for rail container traffic

Market concerns amongst rising competition

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