The local currency closed flat at 82.91 against the U.S. Dollar.
Source: Bloomberg
Production at 74.8 MT vs 68.8 MT, up 8.7% YoY
Sales at 65.3 MT vs 58.3 MT, up 12% YoY
Source: Exchange Filing
Total sales at 3.68 lakh units vs 2.76 lakh units, up 33% YoY
Total 2-wheeler sales at 3.58 lakh units vs 2.67 lakh units, up 34% YoY
Domestic 2-wheeler sales at 2.68 lakh units vs 2.21 lakh units, up 21% YoY
EV sales at 17,959 units vs 15,522 units, up 16% YoY
3-Wheeler sales at 10,614 units vs 9,124 units, up 16% YoY
Total exports at 98,856 units vs 53,405 units, up 85% YoY
10.9 lakh shares changed hands in a large trade
0.01% equity changed hands at Rs 149.85 apiece
Buyers and sellers not known immediately
Source: Bloomberg
1 crore shares or 2% equity changed hands in two large trades
Buyers and sellers not known immediately
Source: Bloomberg
Contract with HAL for procurement of Aero-engines for MiG-29 aircraft
HAL contract valued at over Rs 5,250 crore
2 contracts with L&T for procurement of Close-in Weapon System and procurement of High-Power Radar
L&T contracts valued at over Rs 13,369 crore
2 contracts with BrahMos Aerospace for procurement of BrahMos missiles and Ship borne BrahMos system
Contract for procurement of BrahMos missiles signed at a cost of Rs 19,518.7 crore
Contract for procurement of Ship borne BrahMos system signed at a cost of Rs 988.07 crore
Source: PIB
There is a significant potential for power demand growth in India
Non-fossil sources will lead the capacity addition
Thermal power will continue serving base load demand
Source: Investor Presentation
U.S. FDA inspection closes without any 483 observation
U.S. FDA inspected Hyderabad unit from Feb 26 to March 1
Source: Exchange Filing
In pact to deploy 'Messaging as a Platform' in India
Source: Exchange Filing
Gets order Worth Rs 111 crore from Indian Oil Corp, other OEMs
Source: Exchange Filing
Construction project worth Rs 709.1 crore from East Central Railway
Emerges as lowest bidder for construction of double line track formation in Bihar
Source: Exchange Filing
Tarakkad has previously worked with brands like Ecom Express, TCNS Clothing, Siam Makro Thailand
Source: Press release
The scrip was locked in its 5% upper circuit limit at Rs 5.835.apiece, the highest level. This compares to a 1.35% advance in the Sensex.
It has risen 653.57% in the last twelve months. Total traded volume so far in the day stood at 0.9 times its 30-day average. The relative strength index was at 75.27, indicating that the stock may be overbought.
Co to provide benefits & expense management platform, business spends management platform to Europ Assistance India
Source: Exchange Filing
76 lakh shares changed hands in a large trade
1% equity changed hands at Rs 470.05 apiece
Buyers and sellers not known immediately
Source: Bloomberg
14.2 lakh shares changed hands in a large trade
0.1% equity changed hands at Rs 588.7 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The stock jumped as much as 7.70% to Rs 579.65, its highest level since February 21. It pared gains to trade 5.37% higher at Rs 567.30 apiece, as of 10:55 a.m. This compares to a 0.94% advance in the NSE Nifty 50 Index.
It has risen 38% on a year-to-date basis. Total traded volume so far in the day stood at 1.29 times its 30-day average. The relative strength index was at 53.99.
One analyst tracking the company has a 'buy' rating for the stock, according to Bloomberg data.
13 lakh shares changed hands in a large trade
0.3% equity changed hands at Rs 1,142 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The scrip rose as much as 9.77% to Rs 789.95 apiece, the highest level since Feb 12. It was trading 7.38% higher at Rs 772.75 apiece, as of 10:27 p.m. This compares to a 1.00% advance in the NSE Nifty 50 Index.
It has risen 39.50% in 12 months. Total traded volume so far in the day stood at 14 times its 30-day average. The relative strength index was at 50.44.
Three analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.3%.
Gets two orders from state govt agencies
Transportation division gets order worth Rs 1,303.7 crore; Building division gets order worth Rs 172.3 crore
Source: Exchange Filing
Conducts 24th auction for sale of commercial space in New Delhi on Feb 29
Sells total commercial inventory of 2.05 lakh sq ft worth Rs 827.8 crore
Source: Exchange Filing
Domestic PV sales at 42,401 units vs 30,358 units, up 40% YoY
Domestic 3-wheeler sales (including electric 3Ws) at 6,158 units vs 5,350 units, up 15% YoY
Total exports at 1,539 units vs 2,250 units, up 32% YoY
Domestic CV sales at 22,825 units vs 20,843 units, down 9.5% YoY
Total tractor sales at 21,672 units vs 25,791 units, down 16% YoY
Domestic tractor sales at 20,121units vs 24,619 units, down 18% YoY
Source: Exchange filing
Asia Index is a JV of co with S&P Dow Jones Indices
Source: Exchange Filing
It has risen 203.82% in 12 months. The relative strength index was at 71.71, which implied the stock is overbought.
Out of 28 analysts tracking the company, 24 maintain a 'buy' rating, and 4 suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 1.0%.
660 MW capacity unit of North Karanpura Super Thermal Power Project completes trial operation
Source: Exchange Filing
The scrip rose as much as 11.66% to Rs 494.95 apiece, the highest level since November 23. It pared gains to trade 7.7% higher at Rs 477.96 apiece, as of 9:56 a.m. This compares to a 0.84% advance in the NSE Nifty 50 Index.
It has risen 59.26% in the last twelve months. Total traded volume so far in the day stood at 3.99 times its 30-day average. The relative strength index was at 64.79.
Out of eight analysts tracking the company, five maintain a 'buy' rating, two and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 4%.
Total sales at 3.47 lakh units vs 2.80 lakh units, up 24% YoY
Total CV sales at 51,978 units vs 44,870 units, up 16% YoY
Domestic CV sales at 36,367 units vs 32,956 units, up 10% YoY
Total 2-wheeler sales at 2.95 lakh units vs 2.35 lakh units, up 25% YoY
Domestic 2-wheeler sales at 1.71 lakh units vs 1.20 lakh units, up 42% YoY
2-wheeler exports at 1.24 lakh units vs 1.15 lakh units, up 8% YoY
Source: Exchange filing
At pre-open, the S&P BSE Sensex Index was up 106.02 points or 0.15% at 72,606.31 while the NSE Nifty 50 was at 22,048.30, up 65.50 points or 0.30%.
Concerns look overdone
Recent PLI by NGO to establish regulated fee structure for patients
Believes litigation at early stage;unlikely to result in near-term adverse outcome
Adverse newsflow is not uncommon and has not always come into effect
Sees price weakness as buying opportunity
The yield on the 10-year bond opened flat at 7.07%.
It closed at 7.08% on Thursday
Source: Bloomberg
The local currency strengthened by 4 paise to open at 82.87 against the U.S. Dollar.
It closed at 82.91 on Thursday.
Source: Bloomberg
Paytm Payments Bank shareholders to simplify shareholders' agreement to improve governance
One 97 Communications approves termination of existing PPBL agreements and amendment of shareholders agreement today
Source: Exchange filing
Real GDP growth at 8.4% YoY in Q3FY24, record ~180 bps upside surprise to consensus
Real GVA (6.5%) close to expectation; gap against real GDP explained by 32% YoY jump in indirect taxes
Advise caution on large gap with GVA, fall in agriculture activity, and two-paced economic growth
CSO’s FY24 annual estimate of 5.9% YoY real GDP growth in 4QFY24 seems conservative
No signs of “over-heating” and don’t see RBI getting more hawkish on this GDP surprise
Expect first rate cut in October; acknowledge MPC could be more patient if no material growth slowdown
Target Price of Rs 200 (earlier Rs 195)
Lower Henry Hub prices may reduce petchem input gas cost by $0.5/mmbtu
Gas trading differentials in Q4TD (similar to Q2FY24) imply steady trading EBITDA
APM gas allocation decline offset by lower spot LNG prices, likely leading to segmental EBITDA gains in Q4FY24
Hikes ATF price by Rs 624/Kl to Rs 1,01,396.54/Kl for domestic airlines
Source: IOC website
JV agreement to build and operate an Outsourced Semiconductor Assembly and Test facility in India
Union Cabinet approved the JV project on Feb 29 under India’s Semiconductor scheme
Source: Exchange Filing
GGL cuts industrial PNG prices to Morbi cluster, effective Mar 1, 2024
Price cut of Rs 3.8/scm to Rs 41.7/scm
Price cut to ramp up volumes, which remain weak since Q2FY23
Underlying decline in propane price pose risk to volume recovery
Room for incremental price cuts now appears low
To face challenges managing margins if propane prices dip
To cut FY25 Ebidta/EPS estimates by 11%/14% if company is unable to meet mgmt guidance
Bearing fruits with Government approval of 3 new projects with $15 billion investments
Tata Electronics $11 billion investment with PSMC Taiwan will have 50K wafers/month
Tata Semiconductor Assembly also plans to set up $3.3 billion ATMP facility in Assam
CG Power will also be building $0.9 billion ATMP facility with Renesas and Stars Microelectronics in Gujarat
Micron has already setting up assembly and testing facility, phase 1 of $2.8 billion to start in late 2024
India advantage of low manufacturing cost, large fiscal support and strategic goodwill in West, on the right path
Credit growth slowed to 0.7% MoM, but higher than historical seasonality
YoY growth sustained at 16.2%
Credit to services and personal loans slowed, NBFC lending declined, trade credit sustained
Credit to large corporate fell, dragging MoM growth
Credit card momentum resilient
Credit to NBFCs declined by 1.1% MoM and slowed to 15.6% YoY
Expect growth in banks’ lending to NBFCs to continue to moderate
Increases price by Rs 25.50 /19-kg cylinder to Rs 1,795 in Delhi
Source: IOC website
Deal gives Warner Music access to co's full catalogue
Warner Music to take on commercial & distribution responsibilities for all Tips Music’s frontline and catalogue music
Source: Exchange Filing
Asia Mixed, US Stocks Hit Record On Inflation Data: Markets Wrap
Nifty March futures up by 0.48% to 22,160.5 at a premium of 177.7 points.
Nifty March futures open interest up by 32.6%.
Nifty Bank March futures up by 0.84% to 46,546.7 at a premium of 425.8 points.
Nifty Bank March futures open interest up by 33.8%.
Nifty Options March 7 Expiry: Maximum Call open interest at 23,000 and Maximum Put open interest at 21,000.
Bank Nifty Options March 6 Expiry: Maximum Call Open Interest at 48,000 and Maximum Put open interest at 46,000.
Securities in ban period: Nil
Price band revised from 10% to 5%: Hind Rectifiers.
Price band revised from no band to 20%: Delta Corp.
Moved out short-term ASM framework: BLS E-Services, Centum Electronics, Entertainment Network.
Paytm: Yes Bank To Likely Acquire Majority Merchant Accounts | NDTV Profit Exclusive
Piramal Enterprises: BNP Paribas Arbitrage sold 19.83 lakh shares (0.83%), while East Bridge Capital Master Fund I Ltd bought 19.83 lakh shares (0.83%) at Rs 898.5 apiece.
Dish TV: East Bridge Capital Master Fund I bought 2.84 crore shares (1.54%) at Rs 21.05 apiece, while BNP Paribas Arbitrage sold 2.84 crore lakh shares (1.54%) at Rs 21.05 apiece.
Adani Group Reports Record Ebitda Growth Of 63.6% In Q3
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