CLSA ON MARUTI SUZUKI
Maintain Outperform, target price 13,446 (from 12,361)
Company incurred greater promotional expenses to push retail sales
Minor price increase of ~30bps from mid-Q4 to pass on fixed cost inflation
Remain positive as demand for CNG-powered cars will grow
Favorable total cost of ownership (TCO) as CAFE 3 deadline approaches, company holds a major market share in the segment
SUMMARY OF FED FOMC STATEMENT:
1. The Fed delivered a ‘Hawkish Pause’.
2. The FOMC left interest rates unchanged at 4.50%.
3. Fed officials said inflation remains somewhat elevated, removing reference to inflation making progress towards its 2% goal.
4. The Fed’s statement said that the unemployment rate has stabilized at a low level, a nod to the robust jobs market.
Instant Reaction:
-U.S. Dollar Jumps
-Bonds Yields Spike
-Stocks Tumble
-Gold Drops
• Key Takeaway: Overall, the Fed’s statement struck a hawkish tone as FOMC officials balance the need to combat inflation with the risks of over-easing.
The Fed doesn’t’ like it’s in a hurry to cut rates.
Datamatics reports #Q3 earnings
Net Profit Up 80.5% At ₹74 Cr Vs ₹41 Cr (YoY)
Revenue Up 15.3% At ₹425.5 Cr Vs ₹369 Cr (YoY)
EBITDA Up 3.8% At ₹54.5 Cr Vs ₹52.5 Cr (YoY)
Margin At 12.8% Vs 14.2% (YoY)
GR INFRA ; WINS RS 262 CR ORDER
G R Infraprojects Limited is the L-1 bidder for the EPC project involving 38.9 km of track gauge conversion and associated works, including earthwork, bridges, buildings, and station amenities, in the Kosamba-Umarpada section of Western Railways.
GMR POWER Q3 :CONS NET LOSS AT 106 CR V 45 CR PROFIT (YOY), 255 CR PROFIT (QOQ)
REVENUE UP 46 % AT 1611 CR (YOY) ,UP 16 % (QOQ)
EBITDA UP 15 % AT 339 CR (YOY),DOWN 17 %(QOQ)
MARGINS AT 21 % V 26.8 % (YOY), 29.55 % (QOQ)
CHOICE INT Q3 : CONS. NET PROFIT DOWN 34 % AT 30.73 CR (QOQ) , DOWN 24 % (YOY)
REVENUE DOWN 15 % AT 209 CR (QOQ) , UP 1% (YOY)
EBITDA DOWN 22 % AT 59.5 CR (QOQ) , DOWN 11 % (YOY)
MARGINS AT 28.4 % V 30.64 % (QOQ) , 32.2 % (YOY)
3I INFOTECH : Update on Forensic Audit
Co. says report finds no new financial impact beyond what’s in the statements.
The Board is evaluating legal action against former management and others.
It remains committed to transparency and will update stock exchanges on significant developments.
Keeping the report confidential is crucial to protecting legal proceedings.
Indian Space Research Organisation is set to launch its SpaDeX mission on December 30 at 21:58 IST from Sriharikota.
This mission will demonstrate in-space docking technology using two satellites, SDX01 (Chaser) and SDX02 (Target), each weighing around 220 kg. SpaDeX is a crucial step for India to join the ranks of nations with advanced docking capabilities, essential for future lunar and interplanetary missions.
GATEWAY DISTIPARK; The Company received Income Tax notices for FY 2021-22 and 2022-23 totaling ₹25.69 crore, disclosed on July 12-13, 2024.
After filing under Section 156, the rectified demand is now ₹0.
GATEWAY DISTIPARK; The Company received Income Tax notices for FY 2021-22 and 2022-23 totaling ₹25.69 crore, disclosed on July 12-13, 2024.
After filing under Section 156, the rectified demand is now ₹0.
Azerbaijan Airlines flight crashes in Aktau, Kazakhstan following emergency landing request.
Bird strike could be the reason for this crash.
BDL ; HAL set to begin critical trials on the LCA Mk-1A, involving the the indigenous Astra BVR missile, the EW suite & the Israeli Elta radar, as it now targets a March 31 deadline to deliver the 1st fighter to the IAF - HT
Читать полностью…GMP UPDATE (MAIN BOARD)
Mamta ₹ 260
Concord ₹ 90
Sanathan ₹ 90
Senores ₹ 245
Ventive ₹ 65
Indo farm ₹ 111
Unimech ₹ 540
Dam Capital ₹ 155
Transrail ₹ 160
BERNSTEIN ON BAJAJ FINANCE
Maintain Underperform, target price ₹6400
No further deterioration in asset quality
Credit costs marginally higher than guidance
Healthy AUM growth with revival in Rural B2C segment
Current MD to be involved with the group in some capacity after his term ends in March 2025
29th Jan 2025 : Prov figs: Rs.crs*
*FIIs: - 2,586 Cr
*DIIs: +1,793 Cr
1st Jan: -1,783 Cr
2nd Jan: +1,507 Cr
3rd Jan: -4,227 Cr
6th Jan: - 2,575 Cr
7th Jan: -1,491 Cr
8th Jan :-3,362 Cr
9th Jan: -7,171 Cr
10th Jan: -2,255 Cr
13th Jan:-4,893 Cr
14th Jan :-8,132 Cr
15th Jan: -4,533 Cr
16th Jan: -4,342 Cr
17th Jan: -3,318 Cr
20th Jan: -4,337 Cr
21st Jan:-5,920 Cr
22nd Jan:-4,026 Cr
23rd Jan:-5,463 Cr
24th Jan :-2,758 Cr
27th Jan :-5,015 Cr
28th Jan:-4,921 Cr
29th Jab:-2,586 Cr
Total FII Selling in Jan 25:-81,601 Cr
Total FII Selling in Dec : -17,007 Cr
Total FII Selling from 27th Sept till date :-2,67,343 Cr
QuessCorp reports #Q3Results 👇
👉Net profit up 26% at ₹80.4 cr vs ₹63.8 cr (YoY)
👉Revenue up 14% at ₹5,519 cr vs ₹4,841.8 cr (YoY)
👉EBITDA up 6% at ₹197.2 cr vs ₹185.8 cr (YoY)
👉Margin at 3.6% vs 3.8% (YoY)
GRANULES INDIA ; Company’s Unit V facility in Anakapally, Visakhapatnam, India, received EU GMP certification for APIs and Finished Dosages after a November 2024 audit by Hungary's health authority.
It manufactures oncology and non-oncology products.
ECLERX Q3 : CONS. NET PROFIT DOWN 2 % AT 137.1 CR (QOQ) , DOWN 1 % (YOY)
REVENUE UP 3 % AT 853 CR (QOQ) , UP 13 % (YOY)
EBITDA DOWN 4 % AT 207 CR (QOQ) , FLAT % (YOY)
MARGINS AT 24.25 % V 25.85 % (QOQ) ,27.55 % (YOY)
RNFI SERVICES: Bank of India at its sole discretion has decided to renew the Agreement for Business Correspondent Services with M/s RNFI Services Limited for a further period of 3 years effective from 31.01.2025 and valid up to 30.01.2028.
Читать полностью…FINO PAYMENTS Q3 ST : NET PROFIT UP 1 % TO 23.1 CR YOY,UP 9 % QOQ
NII UP 36 % TO 23.7 CR YOY, UP 4 % QOQ
OLA ELECTRIC: Bhavesh Aggarwal Says Today we are expanding our network to 4000 stores across every city, town, and taluk in India.
Читать полностью…Indian Space Research Organisation is set to launch its SpaDeX mission on December 30 at 21:58 IST from Sriharikota.
This mission will demonstrate in-space docking technology using two satellites, SDX01 (Chaser) and SDX02 (Target), each weighing around 220 kg. SpaDeX is a crucial step for India to join the ranks of nations with advanced docking capabilities, essential for future lunar and interplanetary missions.
October 2024 EPFO Payroll Data:
■Youth Dominance:
Age group 18-25 forms 58.49% of new members.
Net payroll for this group: ₹5.43 lakh.
■Rejoined Members:
12.90 lakh members exited and rejoined.
YoY growth: 16.23%.
Reflects job changes with accumulation transfers for long-term security.
■Female Membership Growth:
2.09 lakh new female members added (YoY growth: 2.12%).
Net female additions: 2.79 lakh.
■State Contributions:
Top five states/UTs contributed 61.32% of net additions (8.22 lakh members).
Maharashtra leads with 22.18% of additions.
■ Industry Trends:
Growth seen in transport, electronic media, private banks, and manpower services.
42.29% of net additions from expert services.
GLAND PHARMA: CO SAYS ANSM FRANCE INSPECTION AT CENEXI'S FONTENAY MANUFACTURING FACILITY || RECEIVES 10 OBSERVATIONS FROM ANSM
Читать полностью…GLAND PHARMA: CO SAYS ANSM FRANCE INSPECTION AT CENEXI'S FONTENAY MANUFACTURING FACILITY || RECEIVES 10 OBSERVATIONS FROM ANSM
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