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Overseas investors remained net buyers of Indian equities for the second consecutive session on Friday.
Foreign portfolio investors mopped up stocks worth Rs 1,696.8 crore, according to provisional data from the National Stock Exchange.
Domestic institutional investors remained net sellers and offloaded equities worth Rs 3,497.6 crore, the NSE data showed.
The S&P BSE Sensex closed 179 points, or 0.25%, higher at 72,026.15, while the NSE Nifty 50 gained 52 points, or 0.24%, to end at 21,710.80.
The market breadth was skewed in favour of the buyers. About 2,227 stocks advanced, 1,607 declined, and 102 remained unchanged on the BSE.
Godrej Industries Ltd had 10.1 lakh shares changed hands in a large trade
The company's 0.4% equity changed hands at Rs 842.6 apiece
Buyers and sellers not known immediately
Source: Bloomberg
13.4 lakh shares changed hands in a large trade
0.1% equity changed hands at Rs 540 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Approves buyback worth Rs 325 crore via tender offer
To buy back up to 44.82 lakh shares at Rs 725 apiece
Buyback size represents up to 8.01% of the paid-up equity capital of the company
Source: Exchange filing
Gail India Ltd signed a long-term LNG supply deal with Vitol
Vitol to deliver LNG from global LNG portfolio
Vitol deal for 1 MT/year LNG supply for 10 years
Vitol to start LNG supply under term deal in 2026
Source: Exchange Filing
Power Grid Crop Of India emerged as successful bidder for 2500 MW transmission system in Karnataka
The company received Karnataka solar energy zone project via TBCB
Alert: TCBC stands for Tariff Based Competitive Bidding
Source: Exchange Filing
Mobikwik Files DRHP With SEBI For IPO
Banks place bid worth Rs 2.77 lakh crore in 7-day VRR auction conducted today
Notified amount for the auction was Rs 1 lakh crore
Auction cut-off was at 6.68%
Source: RBI
Suzlon Energy Ltd received an order for 225 MW from Everrenew
The company is to supply 75 wind turbines of 3 MW each to Everrenew
Source: Exchange Filing
Shares of GE Power India Ltd rose as much as 11.77% to Rs 267.80 apiece, the highest level since its listing on Mar 21, 2000. It pared gains to trade 9.68% higher at Rs 262.80 apiece, as of 11:30 a.m. This compares to a 0.13% advance in the NSE Nifty 50 Index.
It has risen 91.28% in twelve months. Total traded volume so far in the day stood at 5.2 times its 30-day average. The relative strength index was at 75.17, which implied the stock is overbought.
Wardwizard Innovations Mobility Ltd's Dec EV two-wheelers sales at 3,543 units, up 38% on an annualised basis.
Source: Exchange Filing
The company had 17 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 187.05 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The scrip fell as much as 2.55% to Rs 2,642.45 apiece, the lowest level since Dec 28, 2023. It was trading 1.32% lower at Rs 2,675.90 apiece, as of 11:16 a.m. This compares to a 0.14% advance in the NSE Nifty 50 Index.
It has risen 35.3% in 12 months. Total traded volume so far in the day stood at 5.2 times its 30-day average. The relative strength index was at 62.68.
Out of 37 analysts tracking the company, 19 maintain a 'buy' rating, 12 recommend a 'hold,' and six suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 7.6%.
Edelweiss Financial Services Ltd announced public issue of secured redeemable NCDs worth Rs 250 crore
Source: Exchange Filing
Century Textiles & Industries at 5.81x its 30 day average
Endurance Technologies at 5.15x its 30 day average
Krishna Institute Of Medical Sciences at 4.46x its 30 day average
Macrotech Developers at 3.93x its 30 day average
Sula Vineyards at 3.56x its 30 day average
Finolex Industries Ltd at 3.56x its 30 day average
ICICI Prudential Life Insurance Company Ltd had13.4 lakh shares changed hands in a large trade
The company had 0.1% equity changed hands at Rs 539.85 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Kotak Mahindra Bank Ltd had 32.7 lakh shares changed hands in a large trade
The lender's 0.2% equity changed hands at Rs 1,848.25 apiece
Buyers and sellers not known immediately
Source: Bloomberg
KPI Green Energy Ltd received an order for 3 MW solar power plant
Project to be completed in FY25 in various tranches
Source: Exchange Filing
The scrip rose as much as 10.00% to Rs 2,703,95 apiece, the highest level since its listing on BSE on Aug 9, 2012. It pared gains to trade 7.44% higher at Rs 2,641.05 apiece, as of 10:43 a.m. This compares to a 0.30% advance in the BSE Sensex Index.
The scrip has risen 437.41% in 12 months. Total traded volume so far in the day stood at 4.2 times its 30-day average. The relative strength index was at 92.04, which implied the stock is overbought.
Aditya Birla Capital Ltd had 12.6 lakh shares changed hands in a large trade
The company's 0.05% equity changed hands at Rs 177.7 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Scrips of Hindustan Aeronatics Ltd. rose as much as 4.61% to Rs 3,038 apiece. It trading 3.89% higher at Rs 3,017.25 apiece, as of 10:08 a.m. This compares to a 0.38% advance in the NSE Nifty 50 Index.
The m-cap of the company crosses Rs 2-lakh-crore mark for the first time
In 12 months, the stock Ltd has risen over 370%. Total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 78, suggesting stock may be overbought.
Out of 14 analysts tracking the company, 13 maintain a 'buy' rating, and one suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 8%.
Mix shift from BNPL should improve take rates to 3.8-4%
Factoring reduced number of loans
Levers: cost control, embedded insurance uptake
Revenue lower by 7-9%, margins tweaked to 1.8% / 8.3% for FY25 / FY26
Tata Steel Ltd had 69.1 lakh shares changed hands in a large trade
The company's 0.1% equity changed hands at Rs 133.95 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Scrips of NHPC Ltd rose as much as 9.05% to Rs 75.30 apiece, the highest level since listing on Sep 1, 2009. It pared gains to trade 5.0% higher at Rs 72.50 apiece, as of 09:52 a.m. This compares to a 0.33% advance in the NSE Nifty 50 Index.
In 12 months, NHPC Ltd has risen 84.95% Total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 75.88, which implied the stock is overbought.
Out of nine analysts tracking the company, eight maintain a 'buy' rating, and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 16.7%.
The market breadth was skewed in favour of the buyers. About 2270 stocks advanced, 680 declined, and 90 remained unchanged on the BSE.
At pre-open, the S&P BSE Sensex was 0.24% or 174.99 points higher at 72,0022.56, while the NSE Nifty 50 was 0.22% or 47.15 points higher at 21,705.15.
The yield on the 10-year bond opened flat at 7.23% on Friday.
Source: Bloomberg
The local currency opened flat at 83.24 against the U.S dollar on Friday.
Source: Bloomberg
American Tower reports pact to sell operations in India to Brookfield
American Tower India ops sale proceeds potentially represent up to $2.5 billion
American Tower agrees to sell India operations to Brookfield
American Tower India asset sale expected to close in H2 2024
American Tower India asset sale proceeds to be used to repay existing debts
Source: Bloomberg
EM assets remain in focus as 2024 Fed cuts become more cemented
New inflows required to support structurally positive environment for EM fixed income
DM central bank cuts may provide for such inflows
Prefer EM rates over EMFX, given signs toward continued disinflation
Selective opportunities in FX carry still remain
Gross advances as of Dec 31 at Rs 32,780 crore, up 5%
Total deposits as of Dec 31 at Rs 32,385 crore, up 5%
CASA as of Dec 31 at Rs 10,593 crore, up 2%
Source: Exchange Filing
Total sales value at Rs 1,952 crore vs Rs 1,425 crore YoY
Average price realisation at Rs 11,732/sq ft vs Rs 9,653/sq ft YoY
New sales area at 1.66 mn sq ft, up 12.7% YoY
Source: Exchange Filing
India operations revenue growth of 40% YoY
Added 22 net new ‘Kalyan’ showrooms in India
Source: Exchange Filing
The real estate company added 3 projects with 2 million square feet saleable area for a GDV of Rs 6000 crore
Its net debt stood at Rs 6,750 crore vs Rs 8,040 crore on year
Collections at Rs 2,590 cr, [RD] 3% YoY
Pre-sales at Rs 3,410 crore, [GU] 12% YoY
Source: Exchange Filing
Rates buy with price target of Rs 3,600
Sharpened policy focus to compress US$60bn opportunity into 5-7 years
New orders to see material step up with revenues rising at 16% CAGR
Own-design manufacturing to drive high double-digit EPS CAGR, 20% ROE
Set to triple its order book from Rs0.8tn in FY23 to Rs2.4tn in FY26
On course to re-rate by a similar magnitude to BHE in the past decade
The brokerage rated Dabur India with 'buy' with TP Rs650
Emkay said weak winter hurts India show; valuation captures headwinds;
In Q3FY24, Dabur likely to post 7% consol. revenue and 9% earnings growth.
Expects 4% volume-led revenue growth on the domestic front, with 8% growth in Company’s international business.
Badshah to contribute ~2% to consol. revenue, with >20% YoY growth.
Presales for top 7 cities up 20% by sales volumes with 10%+ blended realization gains
Expect 70% YoY pre-sales growth for stocks under coverage in Q3FY24
Believes 68-85% of FY24E forecasts being met with GPL at upper end
Expects Q4 upgrades likely given seasonal strength of the quarter
Believes stocks are 60% above avg based on 5 yr avg PE valuation
NTPC Ltd: Buy with price target of Rs 415
Power Grip Corp Of India: Buy with price target of Rs 270
JSW Energy Ltd: Buy with price target of Rs 595
Initiate’s coverage with 'buy' rating and target price of Rs 800
Estimates PAT CAGR of 28% over FY23-FY26E and an RoA/RoE of 4.1%/22% by FY26E
Expects IIFL to be able to maintain its NIM at similar levels in FY25/FY26 with a potential upside from credit rating upgrade
Expect the proportion of off-book loans to improve to 43% by FY26.
Anticipates the proportion of co-lending to rise to 50%
Expects branch expansion strategy to take a back seat and higher productivity to result in improved opex-to-average AUM ratio of 3.5% by FY26
Asia Mixed As Stocks, Bonds Dip On Pared Rate Bets: Markets Wrap
L&T Finance Holdings Raises Rs 500 Crore Via NCDs
REC Unit Signs Rs 2,094-Crore MoU For Smart Metering Project In Gujarat
Grasim Industries Sets Price For Rs 4,000 Crore Rights Issue
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