Stock Market Today: Nifty, Sensex End With Little Change; RIL, NTPC, SBI Weigh

• Bajaj Finance Ltd. received GST demand worth Rs 342 crore from Kochi tax authority for 2017-24.

• Show cause notice also proposed equal amount of penalty and interest

Source: Exchange filing

• Net profit fell 5.4% at Rs 70 crore vs Rs 74 crore

• Revenue rose 2.3% at Rs 1,422 crore vs Rs 1,390 crore

• Ebitda rose 1.8% at Rs 167 crore vs Rs 164 crore

• Margin at 11.7% vs 11.8%

• Govt approved Oil and Natural Gas Corp's pricing gas from new wells at 20% premium over APM price.

Source: Exchange filing

• Net profit at Rs 12 crore vs loss of Rs 11 crore

• Revenue rose 19% at Rs 200 crore vs Rs 168 crore

• Ebitda flat at Rs 63 crore

• Margin at 31.5% vs 37.5%

• Net profit fell 10% at Rs 45 crore vs Rs 50 crore

• Revenue rose 2% at Rs 260 crore vs Rs 256 crore

• EBIT fell 11% at Rs 40 crore vs Rs 45 crore

• EBIT margin at 15.5% vs 17.7%

• Net profit rose 5.8% at Rs 291 crore vs Rs 275 crore

• Revenue rose 9.1% at Rs 803 crore vs Rs 736 crore

• Ebitda rose 6.3% at Rs 295 crore vs Rs 278 crore

• Margin at 36.8% vs 37.7%

• Revenue up 17% at Rs 810 crore vs Rs 693 crore

• Ebitda up 66% at Rs 78 crore vs Rs 47 crore

• Ebitda margin at 9.6% vs 6.8%

• Net profit at Rs 35 crore vs Rs 14 crore

• Net profit 5% at Rs 259 crore vs Rs 273 crore

• Revenue fell 18% at Rs 1,020 crore vs Rs 1,240 crore

• Ebitda fell 16% at Rs 288 crore vs Rs 343 crore

• Margin at 28.2% vs 27.7%

• Revenue down 10% at Rs 2,856 crore vs Rs 3,179 crore

• Ebitda up 57% at Rs 933 crore vs Rs 595 crore

• Ebitda margin at 32.7% vs 18.7%

• Net profit up 76% at Rs 588 crore vs Rs 334 crore

• Net profit rose at Rs 851 crore vs Rs 178 crore

• Revenue rose 69% at Rs 2,494 crore vs Rs 1,472 crore

• Ebitda rose at Rs 1,031 crore vs Rs 206 crore

• Margin at 41.3% vs 13.9%

RVNL Leads PSU Railway Stocks Rally After Cabinet Nod To Projects Worth Rs 24,657 Crore

• IPO fully subscribed on day 1

• Day 1: Overall subscription at 1.03x as of 12:00 pm

• Day 1: Retail subscription at 1.99x as of 12:00 pm

• Day 1: Non Institutional Investors at 2.35x as of 12:00 pm

Source: BSE

• Bharti Global agrees to buy about 24.5% stake in BT Group from Altice UK

• Alert: BT Group is a UK-based telecommunications holding company

Source: Bloomberg

Sun TV Shares Decline As First Quarter Profit, Revenue Dip

• Company setting up new manufacturing capacities at annual cost of Rs 4 cr for 10 years

• Plans to unlocking value via buying own cranes

• Investments in cranes to give 30% capital return

• Offshore wind energy is a great move by govt to talk about

• Does not see any merit in offshore wind energy

• Cost of offshore wind 2.5 times than onshore

• Maintain Buy with a target price Rs 2,900, which implied upside of 31%

• IoT business saw a slow start to FY25

• This was due to pre election deferral of fleet business to Q2-Q4

• Historically, one of the four quarters is soft

• Expect softness to even out as demand deferrals would filter in the course of FY25

• Catalysts include pickup in the IoT led business, Hyndai/Kia deal win and EV led N CASE adoption

• AGS Transact Technologies Ltd.'s digital payment platform ‘Ongo’ to issue instant National Common Mobility Cards

• Ongo to issue NCMC to provide better commuting experience at Chennai Metro Rail Corp.

Source: Exchange filing

Inox Wind Soars After Return To Profit In June Quarter

Balkrishna Industries Q1 Result: Profit Up Nearly 48%, Board Declares Rs 4 Dividend

Market breadth was skewed in favour of buyers. Around 1,749 stocks declined, 1,424 stocks advanced, while 142 stocks remained unchanged on BSE.

At pre-open, the NSE Nifty 50 was 0.195 or 47.45 points lower at 24,320.04, and the BSE Sensex was 0.47% or 375.79 points lower at 79,330.12.

• The yield on the 10-year bond opened flat at 6.88%.

• It closed at 6.88% on Friday.

Source: Bloomberg

• Rupee opened flat at 83.95 against the US dollar.

• It closed at 83.96 on Friday.

Source: Bloomberg

• Retains Buy, Revised target price of Rs 8,000 (vs Rs 7,700)

• Missed street’s Q3FY24 EBITDA/PAT estimate by 10/9%

• Missed estimates on slower-than-expected execution

• Order inflow growth provides strong revenue visibility over next 2-3 years

• Expect large-size order inflows over next 18–24 months

• Godrej Properties Ltd. acquired 90 acres of land in Khalapur, Maharashtra.

• Land offers development potential of 1.7 million square feet of residential plotted development.

Source: Exchange filing

• Dr. Reddy's Laboratories Ltd. received establishment inspection Report from US Food and Drug Administration for manufacturing facilities at Visakhapatanam.

• US FDA report classifies Visakhapatanam facilities as 'Voluntary Action Indicated'.

Source: Exchange filing

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• Net profit at Rs 335 crore vs Rs 129 crore

• Revenue rose 46.5% at Rs 4,921 crore vs Rs 3,360 crore

• Ebitda at Rs 424 crore vs Rs 185 crore

• Margin at 8.6% vs 5.5%

Siemens Q3 Results: Profit Up 27% To Rs 578 Crore

Jubilant Foodworks Q1 Result: Profit Doubles, Revenue Up 44.8%

• Saraswati Saree Depot: The company will offer its shares for bidding on Monday. The price band is set from Rs 152 to Rs 160 per share. The Rs 160.01-crore IPO is a combination of a fresh issue of Rs 104 crore and the rest of the offer for sale.

ONGC Secures Government Approval For Rs 10,501 Crore Equity Infusion In Petro Arm

CESC Q1 Result: Profit Rises 5.4%, Meets Estimates

India's Forex Reserves At Record High of $675 Billion