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The market breadth was skewed in favour of the buyers. About 2,454 stocks rose, 1,380 declined, and 80 remained unchanged on the BSE.
Revenue up 3.5% at Rs 1,378.1 crore vs Rs 1331.8 crore
Ebitda up 2.2% at Rs 280.1 crore vs Rs 286.4 crore
Margin at 20.3% vs 21.5%
Net profit down 18.3% at Rs 65.7 crore vs Rs 80.4 crore
13 lakh shares changed hands in a large trade
0.01% equity changed hands at Rs 46.8 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Revenue down 17.5% at Rs 541.3 crore vs Rs 655.8 crore
EBITDA down 25.61% at Rs 57.86 crore vs Rs 77.76 crore
Ebitda margin at 10.7% vs 11.9%
Net profit down 22.8% at Rs 39.15 crore vs Rs 50.7 crore
IDBI Bank had 19 lakh shares or 0.02% equity changed hands in a large trade.
Buyers and sellers are not known immediately.
Source: Bloomberg
Approves capex of around Rs 135 cr for setting up new plant in South India
Plant for capacity expansion of Red Toothpaste, Odonil and Honey
Source: Exchange filing
Net profit up 19.4% to Rs 22.8 crore from Rs 19.1 crore
NII rose 50% at Rs 17.56 crore from Rs 11.69 crore
Revenue rose 6.96% to Rs 3255.1 crore from Rs 3043.2 crore
Ebitda rose 9.49% to Rs 667.88 crore from Rs 609.98 crore
Margin rose 47 bps to 20.51% from 20.04%
Net profit rose 6.23% to Rs 506.4 crore from Rs 476.7 crore
Revenue rose 12.4% to Rs 607.1 crore from Rs 540.1 crore
Net profit at Rs 31.5 crore from Rs 5.6 crore
Ebitda up 76.8% at Rs 65.4 crore from Rs 37 crore
Margin up 392 bps at 10.8% from 6.9%
Northern Arc Capital aims to file for IPO in next 10-15 days.
It aims to to raise about Rs 2,000 crore.
The IPO is expected o have a mix of fresh issue and offer for sale.
ICICI Sec, Axis Cap, Citi appointed as managers of the issue
Source: People In The Know To NDTV Profit
Revenue 28.98% to Rs 2410.9 crore from Rs 1869.2 crore
Ebitda up 74.88% to Rs 338.88 crore from Rs 193.77 crore
Margin up 368 at 14.05% from 10.36%
Net profit rose 308.62 to Rs 179.1 crore from Rs 43.83 crore
Board approves capex of $12.5 million to set up unit at Ohio
Revenue up 7.03% at Rs 1560.5 crore from Rs 1458 crore
Ebitda up 15% to Rs 247.26 crore from Rs 212.36 crore
Margin up 127 bps to 15.84% from 14.56%
Net profit at Rs 203.04 crore vs Rs 78.28 crore
Revenue up 64.45% at Rs 1545.9 crore vs Rs 940 crore
Ebitda up 63.85% at Rs 472.4 crore vs Rs 288.3 crore
Margin at 30.55% vs 30.67%
Net profit down 20.49% at Rs 12.8 crore vs Rs 16.1 crore
Revenue up 10.3% at Rs 12,380.7 crore vs Rs 11,240.9 crore
Ebitda up 15.75% at Rs 3,352.24 crore vs Rs 3,006.71 crore
Margin at 27.07% vs 26.74%
Net profit up 16.5% at Rs 2,523.7 crore vs Rs 2,166 crore
Net profit up 18.9% at Rs 4,579.3 crore vs Rs 3,852.7 crore YoY
NII up 2.6% at Rs 11,101.3 crore vs Rs 10,818.3 crore YoY
Net NPA at 0.70% vs 0.76% QoQ
Gross NPA at 3.08% vs 3.32% QoQ
Revenue down 3.01% at Rs 1,151.4 crore vs Rs 1187.1 crore
Ebitda up 12.5% at Rs 192.43 crore vs Rs 171.04 crore
Margin at 16.71% vs 14.4%
Net profit down 1.1% at Rs 111.98 crore vs Rs 113.23 crore
Revenue up 5.56% at Rs 1,151.8 crore vs Rs 1,091.1 crore
Ebitda up 35.16% at Rs 179.78 crore vs Rs 133.01 crore
Margin at 15.6% vs 12.19%
Net profit up 46.56% at Rs 107.96 crore vs Rs 73.66 crore
Revenue up 14.7% at Rs 33,308.7 crore vs Rs 29,044.3 crore
EBITDA up 37.9% at Rs 3,907.9 crore vs Rs 2,833.1 crore
Margin at 11.73% vs 9.75%
Net profit up 33.1% at Rs 3,130 cr vs Rs 2,351.3 crore
Revenue up 4.57% at Rs 12,828.36 crore vs Rs 12,267.15 crore
Ebitda up 250.93% at Rs 504.19 cr vs Rs 143.66 cr
Margin at 3.93% vs 1.17%
Net profit at Rs 200.89 crore vs loss of Rs 130.73 crore
99.9 lakh shares changed hands in 3 large trades
3% equity changed hands at price range of Rs 234 to Rs 234.1 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Revenue up 7.7% at Rs 391.3 crore vs Rs 363.3 crore
Ebitda up 12.34% at Rs 90.1 crore vs Rs 80.2 crore
Margin at 23.02% vs 22.07%
Net profit up 23.26% at Rs 56.75 crore vs Rs 46.04 crore
Tata Motors Stock Jumps 4% To Record On Eve Of Car Price Hike
Revenue up 16.92% at Rs 1,334.97 crore vs Rs 1,141.78 crore
Ebitda up 22.88% at Rs 385.86 crore vs Rs 313.99 crore
Margin at 28.9% vs 27.5%
Net profit up 30.08% at Rs 289.3 crore vs Rs 222.4 crore
Revenue down 0.35% at Rs 1,133.43 crore vs Rs 1,137.4 crore
Ebitda up 6.64% at Rs 309.74 crore vs Rs 290.44 crore
Margin at 27.32% vs 25.53%
Net profit up 10.31% at Rs 228.9 crore vs Rs 207.5 crore
Revenue up 10.6% at Rs 677.5 crore vs Rs 612.67 crore
EBITDA up 40.6% at Rs 118.6 cr vs Rs 84.36 crore
Margin up 374 bps at 17.5% vs 13.76%
Net profit up 34.9% at Rs 90.92 crore vs Rs 67.39 crore
Revenue up 7.53% at Rs 4439.5 crore vs Rs 4128.5 crore
EBITDA up 33.12% at Rs 851.04 crore vs Rs 639.28 crore
Margin at 19.16% vs 15.48%
Net profit up 39.21% at Rs 513.68 crore vs Rs 368.99 crore
12.3 lakh shares changed hands in a large trade
0.01% equity changed hands at Rs 89.1 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Net profit at Rs 56.11 crore vs Rs 27.79 crore
Total income up 55.4% at Rs 171.25 crore vs Rs 110.19 crore
Board recommends issue of bonus shares in the ratio of 1:1
21 lakh shares changed hands in a large trade
0.03% equity changed hands at Rs 186 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Revenue up 34.5% at Rs 5,223.1 crore vs Rs 3,884.1 crore
EBITDA up 13.1% at Rs 369.8 crore vs Rs 327 crore
Margin down 133 bps at 7.08% vs 8.41%
Net profit up 21.6% at Rs 180.4 crore vs Rs 148.4 crore
13.5 lakh shares changed hands in a large trade
0.1% equity changed hands at Rs 35.4 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Net profit up 30% at Rs 65.02 crore vs Rs 50.01 crore
Revenue up 19.2% at Rs 339.6 crore vs Rs 284.8 crore
EBITDA up 27.1% at Rs 90.23 crore vs Rs 70.99 crore
Margin up164 bps at 26.56% vs 24.92%
19.1 lakh shares changed hands in a large trade
0.01% equity changed hands at Rs 50.1 apiece
Buyers and sellers not known immediately
Source: Bloomberg
25.8 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 48.2 apiece
Buyers and sellers not known immediately
Source: Bloomberg
59.2 lakh shares changed hands in two large trades
0.8% equity changed hands at Rs 435.7 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The scrip rose as much as 4.38% to 896.50 apiece, to touch a new life high. It recently hit life high on Jan. 30. It pared gains to trade 2.38% higher at Rs 879.30 apiece, as of 11:11 a.m. This compares to a 0.63% advance in the NSE Nifty 50 Index.
It has risen 94.49% in the last 12 months. Total traded volume so far in the day stood at 3.1 times its 30-day average. The relative strength index was at 78 indicating it was overbought.
Out of 34 analysts tracking the company, 28 maintain a 'buy' rating, 2 recommend a 'hold,' and 4 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 96.1%.
‘Aaradhya OnePark’ project, which offers an innovative community living concept with luxurious residences, has achieved record sales of Rs. 333 crore upon launch.
"This remarkable achievement accounts for nearly 25% of the total estimated sales potential from the project and reaffirms MICL's position as an industry leader in Mumbai's luxury real estate market."
Source: Exchange Filing
The decision to invest Rs 110 crores in Lloyds Realty Developers was made on 6th December 2023 to solidify Lloyds Enterprises strategic position in the real estate sector.
Source: Exchange Filing
Price target of Rs 335 (earlier Rs 410)
Q3 results beat estimates on higher realisations, lower costs, partly offset by lower volumes
Expect around 8% clinker capacity CAGR in the East over the next 3 years
Expect competitive intensity to remain elevated
Maintains Reduce with price target of Rs 5,020 (earlier Rs 4,670)
Remains cautious due to high concentration risk,slowdown in US launches
Higher R&D, SG&A and inorganic opportunities could impact returns
Double-digit revenue growth guidance is comforting as its innovative pipeline starts to delive
Expects around 400bp Q4FY23 to FY25E core margin expansion
Margin expansion captures the benefit of high-value launches;
core margin may see pressure from increased investments
Price target of Rs 4,112
Earnings growth at 22% missed estimates
Management confident on beating top-end of order guidance
Margin guidance revised down by 25-50 bps, leading to earnings estimate cut of 4-6%
Believe in margin improvement towards end of cycle and sees expansion post FY25
Lists at a premium of 34.2% to the issue price on NSE
Lists at Rs 56 on BSE vs issue price of Rs 41
Lists at a premium of 36.6% to the issue price on BSE
Source: Exchanges
Asset quality deterioration flagged by multiple users
CC advances growth strong at 3-11% QoQ, outpacing banking credit growth of 5% QoQ
Strong spends momentum sustained with 20-79% YoY growth across key CC issuers
PSBs gaining market share in December new card sourcing (net) at 8.7%, vs 4.9% in C/O
UPI - credit card integration to aid spends/volumes
Maintains "Neutral" at Rs 1,950 target
Bank faces trilemma balancing trade-offs between growth, liquidity and NIMs
Slowing growth risks hurting franchise and valuations
Risk-reward stands attractive, but investors need better visibility
Shares of PB Fintech rose as much as 14.37% at Rs 1,039 the highest jump since May 13,2022. It is trading 11.62% higher at 9:54 p.m. This compares to a 0.17% advance in the NSE Nifty 50.
Total traded volume so far in the day stood at 17 times its 30-day average. The relative strength index was at 74, implying the stock is overbought.
Of the 17 analysts tracking the company, 12 maintain a 'buy', two recommends a 'hold,' and three suggests a 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 4.9%
Shares of Larsen & Toubro Ltd declined on Wednesday after the company's Ebitda margin fell 48 bps and missed market estimates.
The scrip fell as much as 5.67% to 3,427 apiece. It pared losses to trade 4.52% lower at Rs 3,469 apiece, as of 9:41 a.m. This compares to a 0.18% advance in the NSE Nifty 50 Index.
It has risen 62.06% in the last 12 months. Total traded volume so far in the day stood at 8.9 times its 30-day average. The relative strength index was at 44.
Out of 35 analysts tracking the company, 31 maintain a 'buy' rating, 2 recommend a 'hold,' and 2 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 9.6%.
Rating: Buy; Target Price: Rs 1,930/share
KPIT on course to beat its FY24 guidance of 37% CC growth
KPIT delivers in Q3 despite furloughs, which will unwind in Q4
KPIT’s growth justifies valuation premium of 64.4X PE for FY24
KPIT also enjoys 37.9X EV/EBITDA multiple
KPIT to clock CAGR of 20% over FY24-26 in dollar revenue terms
11.7 lakh shares or 0.01% equity changed hands in a large trade
Buyers and sellers not known immediately
Source: Bloomberg
43.7 lakh shares or 0.2% equity changed hands in a large trade
Buyers and sellers not known immediately
Source: Bloomberg
32.9 lakh shares or 0.1% equity changed hands in a large trade
Buyers and sellers not known immediately
Source: Bloomberg
1.04 crore shares or 0.1% equity changed hands in a large trade
Buyers and sellers not known immediately
Source: Bloomberg
The market breadth was skewed in the favour of buyers. Around 2,111 stocks rose, 889 fell, and 91 were unchanged.
At pre-open, the S&P BSE Sensex Index was down 58.60 points, or 0.08%, at 71,081.30 while the NSE Nifty 50 was 34.85 points or 0.16% lower at 21,487.25.
The yield on the 10-year bond opened flat at 7.15%.
Source: Bloomberg
The local currency opened flat at 83.11 against the U.S dollar.
Source: Bloomberg
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Maintains BUY, reduces price target
Price Target of Rs 4,135 (earlier Rs 4,200)
Q3FY24 Ebitda above expectations by 2%
Raised FY24e order flow guidance to 20%+ YoY growth vs 12% earlier
International E&C revenues up 88% YoY and likely reason for lower YoY Ebitda margins
Core working capital is 16.6% of sales vs 19% YoY and 16.7% QoQ
Maintains "Buy" at Rs 349 target
Top Pick in Electric Utilities
Fixed cost under-recovery in FY24 so far to reverse in 4Q
Thermal capacity and PSP project expansion open an incremental opportunity
Improving growth profile on:-
1. Renewables growth opportunity
2. Rising need to set coal-based generation capacities
CITI
Maintains "Buy" at raised target of Rs 655 (previously Rs 560)
Raise FY24 EBITDA estimate by 18% on robust 3Q & 9M performance
Expects stock performance catch-up; has ongoing Positive Catalyst Watch on stock
Range-bound crude price outlook improves OMC margin
Kochi petchem project, Bina integration to help GRMs
Japan Bonds Fall On Rate Bets, Asian Stocks Muted: Markets Wrap
Swiggy Posts 45% Spike In FY23 Revenue, Loss Widens Past Rs 4,000 Crore
Price band revised from 20% to 10%: IRB Infrastructure Developers.
Price band revised from 10% to 5%: Alok Industries, Dredging Corp of India, Inox Green Energy Services, Network18 Media and Investments, Sun Pharma Advance Research, Websol Energy System.
Ex/record date dividend: Metro Brands, Poonawalla Fincorp.
Moved into short-term ASM framework: Dhunseri Ventures, Infibeam Avenues, IRB Infra Developers.
Moved out of short-term ASM framework: Kiri Industries.
Adani Total Gas Planning Rs 18,000 Crore Investment On CGD Infrastructure, Says CEO
TCS Signs New 15-Year Contract With U.K.-Based Insurer Aviva
L&T Q3 Results: Profit Up 17.24% On Execution In Projects, Manufacturing Segments
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