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INTRADAY CALL UPDATE : BOOK PROFITS IN GRASIM IND AT 2643 RECO LONGS GIVEN AT 2619
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INTRADAY CALL : BUY GRASIM IND AT 2619,SL-2602,TRGT-2655
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INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY CALL OPT 24200 31OCT SERIES AT- 240* RECO LONGS GIVEN AT 185
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Waaree Energies Listed Price : 2500.00 ISSUE PRICE : 1503.00 :
LISTING PREMIUM OF 66.33%
INTRADAY CALL : BUY NETWEB TECH AT 2530,SL-2497,TRGT-2615
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Stocks on the radar today 📰
📈Good earnings from ICICI bank, brokerages raise price targets
📈Waaree energies to list today , expect strong listing
📉IDFC first bank reports a 74% drop in Net profits to 201 crore
📈Very strong earnings from CDSL , revenue up 55% YoY , profit up 49% YoY, 1.18 crore new demat accounts were added
📈Nuvama wealth good numbers : Revenue Growth 43%YoY & 10.7% QoQ, Ebitda Margins: 54% in Q2FY25
TWO LISTINGS TODAY : Waaree Energies & Deepak Builders
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Global-Market Insights 1/n
Global cues are not good today for below reasons
-The dollar's strength and rising bond yields are exerting pressure on the stock market
-US 10Y bond yield at 4 months high at 4.244% while Fed has reduced overnight rates
-This is the reason why technology was defeated today in sensitive sectors
-The majority of tech stocks dropped, although Tesla reported positive earnings post market hour
-New house sales are declining, and fewer mortgage applications are being submitted
=====
Global-Market Insights 2/n
-Dow -410, S&P500 -54, Nasdaq -297
-Brent oil $75.20
-US 10Y bond yield at 4.244%
-Dollar Index 104.39
-Gold at $2729
===
Global-Market Insights 3/3
- Fed's Beige Book report provided no major surprises
-It showed that US economic activity was little changed from September through early October and firms saw a slight uptick in hiring
-That reinforced expectations the Fed will opt for a smaller 25 bp cut in two weeks
PROV FIGS AS ON 24 OCT-24 (IN CRS) FII/FPI : -5062.45
DII : +3620.47
🚨 Waaree Energies Limited IPO sets a new benchmark! 🚨
💥 Record-breaking response with 97.34 lakh applications for a ₹4,321 Cr issue (excluding anchor investors)
Key highlights:
•Overall subscribed 76.34x
•Total bids worth ₹2.41 Lakh Cr
•QIB subscribed 208.63x
•HNI-NII subscribed 62.48x
•Retail subscribed 10.79x
•Employee portion subscribed 5.17x
📈 Waaree Energies overtakes Bajaj Housing, Tata Technologies & LIC IPOs with the highest number of applications in history!
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Irdai engaging with select insurance firms for public listing: Chairman
📝 Godrej Security Solutions eyes 50% revenue growth to Rs 1,500 crore by FY27
📝 Insurance industry can partner with telcos, fintechs to expand reach: LIC
📝 Jewellers' body pushes for standardisation of gold rates across India
📝 Air India aims to double direct sales earnings in 2-3 years: CDTO
📝 Reliance Infrastructure plans to invest Rs 10,000 crore in small arms foray
📝 REPL bags order from TN to prepare master plans for 12 urban local bodies
📝 GM overcomes US sales drop; China JV losses drag Q3 profit to $3 bn
📝 GE Aerospace raises profit forecast on strong demand for aftermkt services
📝 RBI adds 13 more entities in 'alert list' of unauthorised forex trading
📝 Good monsoon raises hopes, but crop prices key to rural India turnaround
📝 Cotton output likely to fall 7.4% as excessive rainfall damage crop
*Economic Times*
📝 Rajasthan govt signs initial agreement with UAE for Rs 3 lakh cr investment in renewable energy
📝 UP CM inaugurates healthcare projects worth Rs 1,147 crore at SGPGI Lucknow
📝 SBI General Insurance half yearly profit soars 7 times to Rs 414 crore, GWP up by 16% YoY
📝 NPST achieves 264% growth in Q2 FY’25 net profit, announces move to mainboard
📝 Aakash to invest Rs 100 cr to rebuild Aakash Digital in two years
📝 Consumers worried about data breaches, says PwC India survey
📝 Germany expects 10 pc rise in Indian tourist arrivals in 2025: GNTB
📝 Realty developer Elan Group raises Rs 1,200 crore from Kotak Real Estate Fund
📝 Gopalan Enterprises to expand its flexible workspace portfolio to 12 mn sqft by 2025
📝 Former Oyo exec Abhishek Gupta joins Lenskart as CFO
📝 India's Solar Energy Corp plans to bid for state projects, chairman says
*Mint*
📝 NLC India eyes ₹4,500 crore IPO for green energy arm by June next year
📝 SEBI chief Madhabi Buch cleared in govt-led probe, to complete tenure till Feb
📝 Go First’s foreign funding push to test India’s insolvency framework
📝 India has maintained fiscal discipline and controlled inflation: FM Sitharaman
📝 Mazagon Dock board approves 1:2 stock split, declares ₹23.19 interim dividend
📝 BSNL won't raise consumer tariffs: CMD Robert Ravi
📝 Ola Electric responds to CCPA, claims to resolve 10,644 customer complaints
📝 Bajaj Housing Finance business model risk is low, but valuation risk is high
📝 Centre to resume sale of subsidised Bharat chana dal, battling food inflation
📝 Indian apparel firm Raymond Lifestyle to hire 9,000 workers for new stores
📝 F&O frenzy and SME IPOs pose risks to retail investors: Sebi's Ashwani Bhatia
📝 Outlook for InvITs in CY25 stable, says Capitalmind; IndiGrid InvIT top pick
Important Update
On Monday, 28th October, stocks of holding companies will be traded without any circuit limits.
Examples include:
Bajaj Holding
Vardhman Holding
JSW Holding
Pilani Holding
And others.
This is applicable only for that day.
Prices will fluctuate without any circuit filters (i.e., 5%, 10%, 15%, and 20%).
Investors holding these types of scripts may choose to either book profits or hold for further appreciation.
Price discovery will begin from the pre-open session, and the stock will be allowed to fluctuate until 3:30 PM.
This is for your information so you can decide in advance what action to take.
INTRADAY CALL ; BUY BERGER PAINT AT 544,SL-540,TRGT-559
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POSITIONAL EQUITY CALL UPDATE : BOOK PROFITS IN NAZARA TECH AT 909 RECO LONGS GIVEN AT 868 CALL GIVEN ON 25 OCT
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INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY CALL OPT 51200 30OCT SERIES AT- 541 RECO LONGS GIVEN AT 425
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INTRADAY CALL UPDATE : BOOK PROFITS IN NETWEB TECH AT 2561 RECO LONGS GIVEN AT 2530
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INTRADAY CALL : BUY NIFTY CALL OPT 24200 31OCT SERIES AT-185,SL-131,TRGT-299
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INTRADAY CALL : BUY BANKNIFTY CALL OPT 51200 30OCT SERIES AT-425,SL-333,TRGT-595
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Reliance Industries Ltd (RIL) will turn ex-date for bonus issue in the ratio of 1:1 on Monday. Today is also the record date for the same.
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*News Headlines from Business News Agencies:*
*Business Standard*
📝 LIC eyes entry into bond forward rate agreement market by end of FY25
📝 SBI Life will be least affected by new surrender value norms: MD & CEO
📝 Proper infra, workforce key challenges for logistics industry: Experts
📝 Sebi issues notice to Axis Bank about stake buy in Max Life Insurance
📝 SBI, Exim Bank helping Africa's businesses by filling trade financing gap
📝 DLF expects Rs 26,000 cr from super luxury project in Gurugram, says MD
📝 Godawari Power and Ispat Q2 results: Net profit falls 38% to Rs 159 cr
📝 Sebi to auction 7 properties worth Rs 15.47 cr of Bishal Group on Dec 10
📝 ESIC enrols 2.07 mn new members in Aug, net additions rise by 6.8%
📝 Isro to launch electric propelled satellite in Dec: Chairman Somanath
📝 FAR securities receive 60,000 crore inflows since JP Morgan inclusion
📝 Govt to give boost to panchayat infrastructure, border areas in focus
📝 Fairfax not to cut CSB Bank stake in five years: MD & CEO Pralay Mondal
📝 Moody's raises Vedanta Resources rating driven by efforts to access funding
*Economic Times*
📝 India's oil demand may revive amid festivals and elections, shows S&P Global Commodity Insights
📝 Inflation trajectory expected to moderate from Q4: RBI guv
📝 Yes Bank beats forecast with Rs 553-cr Q2 profit
📝 Deutsche Bahn sources loco pilots from India for its global projects
📝 DLF says on track to meet FY25 guidance despite a drop in Q2 bookings
📝 Credit growth for banks to moderate to 12 percent in FY25: Icra
📝 Honda to replace faulty fuel pumps in 90,468 old units of select models in India
📝 IRDAI tightens fraud rules post hacking incidents
📝 Solex Energy, SBI partner to provide finance for solar projects
📝 Qualcomm says device ecosystem pretty good to support services in 600-Mhz spectrum band
📝 Oil ministry seeks to reform itself to address future energy challenges
📝 SIDBI boosts indigenous brass and bell metal industry in Assam
📝 Abhay HealthTech acquires MNP Healthcare to expand footprint in OTC segment
*Mint*
📝 India's real GDP to grow at 7.2% in FY25 on investment, consumption boost: FM
📝 ICICI Bank Q2 results: Net profit rises 14.47% to ₹11,745.88 crore
📝 Retail investors' mutual fund assets spiked nearly 50% in past one year
📝 India Inc caught between reinvesting and giving dividends to investors
📝 Online transactions likely to be affected by TRAI new guidelines from November 1
📝 Oil gains 4% over Middle East conflict ahead of US elections; Brent at $76
📝 IDFC First Bank Q2 Results: Net profit drops 73% to ₹200 crore, NII up 21% YoY
📝 Qatar's Nebras deal with Aditya Birla Group's green arm on hold
📝 CBDT extends ITR filing deadline for corporates to November 15
📝 Healthify raises $20 million to fuel US expansion
📝 IPO-bound Swiggy sets valuation target at $11.3 bn; Issue to open post Nov 6
📝 India ramps up defence aircraft production with Airbus factory launch in Gujarat
Today's Headlines :
*Economic Times*
📝 Tariff hikes lead to fall in users in August for top telcos
📝 Crorepati taxpayers club gets bigger, rises 5X to 2.2 lakh in AY24
📝 Formal jobs slip in August; EPF additions down 15%
📝 India and Germany sign legal aid, 7 other pacts
📝 Societe Generale sells 0.5% stake in IndusInd Bank for Rs 421 crore
📝 UTI AMC Q2 Results: Net profit jumps 31% YoY to Rs 239 crore
📝 Cholamandalam Investment Q2 Results: Cons PAT at Rs 968 crore vs Rs 773 crore a year ago
📝 L&T bags 'significant' order for global nuclear fusion project
📝 Healthify raises $20 million in round led by Khosla Ventures, LeapFrog Investments
📝 Startups raise $184.8 million this week, up 47.8% YoY
*Business Standard*
📝 Coal India Q2FY25 results: Net profit declines 22% to Rs 6,275 crore
📝 Bandhan Bank Q2 results: Net profit increases 30% to Rs 937 crore
📝 Bids for KSK Mahanadi Power skyrocket post Adani Group's Rs 12,500 cr offer
📝 Moody's raises Vedanta Resources rating driven by efforts to access funding
📝 WazirX reports 40% assets dip in reserves after July security breach
📝 360 One Wam launches 22.2 million new shares worth Rs 2,250 crore via QIP
📝 Indian Bank raises Rs 5,000 crore through long-term infrastructure bonds
📝 IndiGo reports net loss of Rs 987 crore in Q2FY25 due to high fuel costs
📝 Swiggy unveils 'International Logins' for NRIs from 27 countries
📝 Income disparity declines 74.2% among those earning up to Rs 5 lakh: Study
📝 Centre doubles Mudra loan ceiling to Rs 20 lakh under new category
📝 Germany raises visa quota for skilled Indians by 4.5 times to 90K
📝 India saw steepest surge in greenhouse emission in 2023, says report
📝 FAR securities receive 60,000 crore inflows since JP Morgan inclusion
📝 MF investor count crosses 50 million after 10 million additions in a year
*Financial Express*
📝 Angel One settles multiple violations with SEBI for Rs 57.46 crore
📝 Bank of Baroda net profit rises 23% to Rs 5,238 crore in Q2
📝 No FTA if EU insists to include dairy sector: Goyal
📝 Industry 5.0 to up revenues of manufacturing firms by over 6% in 2 years: Study
📝 NTPC plans to award 13.6 GW of thermal capacity by FY27
*Mint*
📝 European Investment Bank commits €300 mn for Bengaluru suburban railway project
📝 Cyclone Dana effect: 1 dead; IMD says heavy rains to continue over Bengal
📝 India, China begin troops disengagement on friction points, pull back equipment
📝 CCI weighs probe against quick commerce firms
📝 Nvidia dethrones Apple to become world's most valuable company
📝 Russian central bank hikes key interest rate to record 21%
📝 Coal India Q2 Results: Net profit declines 21% to ₹6,289 cr, dividend declared
📝 Synnefo partners with Aprecomm to deliver an AI-powered customer experience
📝 Bank of Baroda Q2 result: Profit jumps 23%; NII grows 7.3% YoY to ₹11,622 crore.
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Cabinet approves 2 railway projects worth Rs 6,798 cr in Bihar and Andhra
📝 Tata Power, Keppel team up for sustainable cooling solutions in India
📝 COAI urges licence fee cut, says telcos face double burden of AGR payments
📝 Hindalco industries joins International Copper Association as new member
📝 2024 was our best ever year in terms of business performance: Acer CBO
📝 Ola Electric launches Digital Twin platform powered by Nvidia Omniverse
📝 India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL
📝 Ashok Leyland subsidiary bags order for 500 electric buses from Chennai MTC
📝 Hermes reports 11.3% growth in Q3 sales, outshining luxury rivals
📝 Nvidia launches Hindi-language AI model in India as CEO Huang visits
📝 Unilever to revamp Indonesia operations amid revenue drop, boycotts
📝 Oyo Q2 results: Net profit at Rs 158 cr, revenue surges to Rs 1,578 cr
*Economic Times :*
📝 Govt aims to develop 50 more airports in 5 years: Aviation minister K Rammohan Naidu
📝 India approves $119 million fund for space startups
📝 Godrej Consumer Q2 Results: Net profit rises 13% to Rs 491 crore
📝 United Breweries cheers to new beginnings; to debut premium Dutch beer Amstel in India
📝 NCLT directs initiation of insolvency proceedings against Spaze Towers
📝 Indian BPM companies must rethink approach to talent, prioritise right skills: Report
📝 Strong technology focus to dominate India-German Inter Governmental Commission
📝 Defence ministry signs contract with firm to procure 6 Air Cushion Vehicles
📝 Taiwan's TSMC stops shipments to client after chips sent to Huawei
📝 Schneider Electric to provide energy management solutions for Noida Aiprort
📝 Hyderabad registers over 59,000 home sales in first 9 months of 2024; marking 13% year-on-year growth
*Mint :*
📝 India's oil demand may rise nearly 4% in December quarter: S&P Global
📝 India’s business growth picks up in October: HSBC Flash PMI
📝 Retail investors' mutual fund assets spiked nearly 50% in the past 1 year
📝 LinkedIn fined €310 million by EU regulators for data privacy violations
📝 EIB working with state companies to fund green hydrogen projects
📝 IPO-bound Swiggy slashes valuation target by 10-16% to $12.5-$13.5 billion
📝 Telecom firms ask govt to do away with fees on AGR
📝 Apple set to launch updated MacBook Air with M4 chips in early 2025: Report
📝 IndusInd Bank Q2 result: PAT falls 40% YoY; NIM moderates
📝 Perplexity CEO Aravind Srinivas proposes revenue deals for publishers
📝 Govt doesn’t want inland waterway terminals to rival major ports for business
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Nvidia's design flaw with Blackwell AI chips now fixed, says CEO Huang
📝 Heineken's premium beer volume rises 4.5% in Q2, Kingfisher Ultra chips in
📝 Tata AIG eyes 30% CAGR growth in retail health portfolio in next 3 years
📝 SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore
📝 Outbound M&A by Indian firms to rise on back of strong balance sheets: Citi
📝 Muthoot Finance raises $400 million via USD notes, oversubscribed 3.9x
📝 Hilton cuts 2024 revenue growth forecast on low consumer tourism spending
📝 Coca-Cola bets on rising soda demand to forecast surge in its revenue
📝 Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024
📝 UAE's sovereign wealth fund to invest $750 mn in debt of GMR Group
📝 Diesel consumption to rise 3%-4% in FY25, says Indian Oil chairman
📝 Dulux maker AkzoNobel misses Q3 forecasts as demand weakens in China
*Economic Times*
📝 Jaguar Land Rover expands global innovation network; launches hub in India
📝 Lower APM gas allocation to raise cost of city gas cos by Rs 2-3/kg: Crisil
📝 Persistent Systems sees healthcare revenue growing to $1 billion in next 3-5 years
📝 India's food inflation likely to ease by end of FY25, highlights RBI MPC minutes
📝 TVS Motor to launch new EVs in current financial year
📝 Road ministry decides to double 'defect liability period' under EPC contracts to 10 years: Gadkari
📝 Garmin aims double-digit growth in India, expansion to e-commerce platforms
📝 Escorts Kubota to sell railway equipment biz to Sona Comstar for Rs 1,600 cr
📝 TVS Industrial & Logistics Parks to set up Rs 200-crore facility in MP
📝 Indian entertainment industry loses Rs 22,400 crore annually due to piracy: EY-IAMAI
📝 FIU slaps Rs 54L fine on Union Bank of India for multiple PMLA violations
*Mint*
📝 JP Morgan Chase India appoints Pranav Chawda as CEO after RBI approval
📝 Godrej Properties Q2 profit jumps 5-fold to ₹335.21 cr on higher revenue
📝 TVS Motors Q2 results: Net profit rises 41% to ₹588 cr, revenue at ₹11,302 cr
📝 Jinesh Gopani, former Axis MF star, plots comeback with Taksh AIF
📝 Jio aims to export high-speed fixed wireless access internet as managed service
📝 Maruti Suzuki Swift Blitz Edition launched in India with enhanced features
📝 Finance ministry to take call on scrapping windfall tax on oil: Tarun Kapoor
📝 Montecarlo explores sale of nine road assets in $360 million deal
📝 Setback for Byju’s as SC restores insolvency case, raps NCLAT for overreach
📝 Zomato hikes platform fee to ₹10 amid festive season rush
📝 Paytm secures NPCI approval to onboard new UPI users
📝 Botree Software Launches MyDMS to Boost Rurban Market Growth
Biggest positive today: some solid earnings are flowing in!
a. Bajaj Finance +5%
- DAM Capital: 'Bearishness overdone, risk-reward attractive'
- Festive season tracking well, confident on growth
b. Max Financial +7%
- Q2 biz premium +25%, APE +31%, VNB margin 23.6%
c. Persistent +10%
- $2B revenue target by FY27, margins growth plan
d. Coforge +10%
- Orderbook +40%, Cigniti acquisition boosting FY25 outlook
e. GMDC +10%
- Revenue +55%, margins up to 24% from 14%
Ultimately, earnings drive markets
Things to watch today : 23rd October 📰
👉Nifty is now down 7% from record high of 26277
👉FIIs sold 3979cr in cash yesterday
👉FIIs have sold 86500cr in october so far
👉DIIs bought 5869cr in cash yesterday
👉US markets closed flat overnight
👉Gold prices scale record highs
👉MCX gold prices hit 78200rs/10 gm
Ambuja Cement to acquire orient Cement @ 395.40 / per share
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