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The market breadth was skewed in favour of the buyers. About 2,568 stocks advanced, 1,262 declined, and 111 remained unchanged on the BSE.
Gets order for GST penalty worth Rs 1.69 crore from Secunderabad GST Authority
Penalty levied for the period from July 2017 to March 2020
Source: Exchange Filing
- 1.96 crore shares changed hands in two large trade
- 0.3% equity changed hands at price band of Rs 84.25 to Rs 84.50 apiece
- Buyers and sellers not known immediately
Source: Bloomberg
Orders to be executed over FY24 and FY25
Source: Exchange Filing
Maharashtra Govt confers 'mega project' status to co's Solapur expansion project
Status conferred under Package Scheme of Incentives with proposed investment of Rs 750 crore
Source: Exchange filing
Co's petition challenged claim worth Rs 365.33 crorefrom Defence Ministry
Alert: Co had received claim worth Rs 365.33 cr on Dec 11 in relation to a previously concluded settlement
Source: Exchange Filing
Board manages company with highest standards of corporate governance
Board manages company with all compliance required by its regulators
Recent information shared by Burmans in public domain 'far from truth'
Recent information shared by Burmans can be described as false claims without evidence
Such misinformation impacts shareholder value & erodes confidence in Indian corporate ethic
Such misleading information disrupts the operations of the company
Such misinformation must be dealt with immediately with the highest level of urgency
We must trust regulators, process and allow the company to operate to its full potential
Such information misleads stakeholders impacting the share value of the company
Company is at inflexion point due to tireless efforts of board and management over last five years
Revival and one-time settlement of RFL was completed via organic collections and payments
Revival of RFL was completed via payment of over `9,000 cr to the country’s banking system
Board and management committed to highest levels of governance, ethics and integrity
- Gross advances at Rs 2.4 lk cr as of Dec 31, up 14.9% YoY
- Total deposits at Rs 3.78 lk cr as of Dec 31, up 9.5% YoY
- Total business at Rs 6.17 lk cr as of Dec 31, up 11.6% YoY
- CASA ratio at 49% as on Dec 31, vs 51.2% as on Dec 2022
Source: Exchange Filing
Gets orders for project management consultancy from Navodaya Vidyalaya Samiti
Source: Exchange Filing
Torrent Power at 10.04 times its 30 day average, up over 9%
Sobha at 9.53 times its 30 day average, up over 15%
Johnson Controls at 7.61 times its 30 day average, up over 6%
Borosil Renewables at 6.68 times its 30 day average, up over 4%
The scrip rose as much as 1.92% to 1,323.50 apiece, the highest level since Jan. 3. It pared gains to trade 1.89% higher at Rs 1,323.15 apiece, as of 11:35 a.m. This compares to a 0.58% advance in the NSE Nifty 50 Index.
It has risen 31.77% in the last 12 months. The relative strength index was at 81.
Out of 40 analysts tracking the company, 37 maintain a 'buy' rating, 2 recommend a 'hold,' and 1 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 33.2%.
The scrip rose as much as 7.87% to 477.85 apiece, the highest level since Dec. 20. It pared gains to trade 5.08% higher at Rs 465.50 apiece, as of 11:09 a.m. This compares to a 0.60% advance in the NSE Nifty 50 Index.
It has risen 47% in the last 12 months. Total traded volume so far in the day stood at 6.3 times its 30-day average. The relative strength index was at 65.88.Ajmera Realty and Infra India Ltd shares highest in nearly two years after it incorporated a wholly owned subsidiary in the name of 'New Horizon Acres Private Ltd' on Wednesday.
The new subsidiary was incorporated after the company received approval from the ministry of corporate affairs. The company incorporated the new subsidiary to carry out real estate development and re-development projects.
Ajmera Realty owns 10,000 equity shares, comprising of 100% shareholding of New Horizon Acres Private Ltd.
The scrip rose as much as 7.87% to 477.85 apiece, the highest level since Dec. 20. It pared gains to trade 5.08% higher at Rs 465.50 apiece, as of 11:09 a.m. This compares to a 0.60% advance in the NSE Nifty 50 Index.
It has risen 47% in the last 12 months. Total traded volume so far in the day stood at 6.3 times its 30-day average. The relative strength index was at 65.88.
Scrips of the real estate group surged as much as 7.90% to Rs 1,083.35 apiece, the highest level since Apr 19, 2021, when it was listed on the exchanges. It was trade 6.97% higher at Rs 1,074 apiece, as of 10:41 a.m. This compares to a 0.57% advance in the NSE Nifty 50 Index.
In 12 months, it has risen 100.59% on a year-to-date basis. Total traded volume so far in the day stood at 0.9 times its 30-day average. The relative strength index was at 72.76.
Out of 19 analysts tracking the company, 12 maintain a 'buy' rating, five recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 16.8%.
The scrip rose as much as 10.68% to Rs 5.70 apiece, the highest level since Nov. 21. It pared gains to trade 7.77% higher at Rs 5.55 apiece, as of 10:25 a.m. This compares to a 0.57 advance in the NSE Nifty 50 Index.
It has risen 18.09% in the last 12 months. Total traded volume so far in the day stood at 7.1 times its 30-day average. The relative strength index was at 68.82.
Angel One's stock rose as much as 7.78%, before paring gains to trade 4.29% higher at 10:23 a.m. This compares to a 0.58% advance in the NSE Nifty 50.
The stock has risen over 170% in the last 12-months.Total traded volume so far in the day stood at 18 times its 30-day average.
All the nine analysts tracking the company maintain a 'buy' rating on the stock, according to Bloomberg data. The average 12-month consensus price target implies a downside of 23.4%.
The scrip rose as much as 15.10% to Rs 1,288.60 apiece, its highest level. As of 10:11 a.m., it traded 11.70% higher to Rs 1,250.50. This compares to a 0.49% advance in the NSE Nifty 50 Index.
It has risen 114.68% on a year-to-date basis. Total traded volume so far in the day stood at 20 times its 30-day average. The relative strength index was at 78.23, indicating that the stock may be overbought.
All 17 analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an downside of 19.4%.
The scrip rose as much as 13.52% to 1,028.70 apiece, to touch a new life high. This is the highest level since Dec. 8, 2023. It pared gains to trade 11.84% higher at Rs 1056.15 apiece, as of 9:57 a.m.
It has risen 118.73% in the last 12 months. Total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 71.
Out of 11 analysts tracking the company, 3 maintain a 'buy' rating, 3 recommend a 'hold,' and 5 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 123.2%.
Shares of the company surged 6.42% to Rs 60.50 apiece, the highest level since Dec 20. It pared gains to trade 3.96% higher at Rs 59.10, compared with a 0.42% advance in the NSE Nifty 50 Index.
It has risen 95.86% in the past 12 months. Total traded volume so far in the day stood at 5.7 times its 30-day average. The relative strength index was at 59.31.
Fifteen analysts tracking the company maintain a 'buy' rating, according to Bloomberg. The average 12-month consensus price target implies an upside of 6.1%.
The broader markets outperformed as both the BSE MidCap and BSE SmallCap was 0.84% higher. All 20 sectors compiled by the BSE advanced.
The market breadth was skewed in the favour of buyers. As many as 2,363 stocks advanced, 624 declined and 97 remained unchanged on the BSE.
Client base at 19.45 mn, up 55.5% YoY
Gross Client Acquisition at 1.05 mn vs 0.33 mn YoY
Number of orders at 137.24 mn, up 59.2% YoY
Source: Exchange Filing
At pre-open, the S&P BSE Sensex Index was at 71,693.87, up 337.27 points or 0.47% while the NSE Nifty 50 was at 21,605.80, up 88.45 points or 0.41%.
The yield on the 10-year bond opened flat at 7.21% on Thursday.
Source: Bloomberg
The local currency weakened 2 paise to open at 83.31 against the U.S dollar on Thursday.
It closed at 83.29 on Wednesday.
Source: Bloomberg
Customer franchise at 8.04cr, up 5% QOQ, up 22% YOY
38.5 lakh new customers added in Q3FY24
New loans booked at 98.6 lakh, up 26% YOY
AUM at 3.11 lakh crore, up 7% QOQ, up 35% YOY
AUM grew by 20,700 crore in Q3FY24
Net liquidity surplus at 11,600cr
Deposit book at 58,000 crore, up 35% YOY
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BUY; TP: 2070; TOP PICK
Loan growth healthy, deposit growth slower
Bank has used surplus liquidity and refinance lines
Retail deposits were ~90% of incremental deposits
CASA growth slow as switch to term deposits continues
Become more selective on IT, see limited telecoms upside
Risk/reward for stocks becoming balanced across TMT
See room for further upside in India Internet (Zomato/MakeMyTrip)
Selectively prefer IT stocks (Infosys/Cyient)
Remain equal-weight on Bharti Airtel
Expect industry repair cycle to continue
ARPUs for Bharti Airtel to improve Rs 250 (from Rs 203 in Q2) over next 2-3 years
Raise Delhivery to OW on improving growth trends, strong operating leverage
Downgrade HCLT/LTIM to EW on strong outperformance
Key UWs: Wipro, Tech M in large caps; LTTS/Tata Elxsi among mid-caps
Infosys: Maintain OW with price target of Rs 1,700 (earlier Rs 1,600)
TCS: Maintain EW with price target of Rs 3,900 (earlier Rs 3,590)
LTIM: Cut to EW from OW with price target of Rs 6,400 (earlier Rs 5,900)
HCLT: Cut to EW from OW with price target of Rs 1,470 (earlier Rs 1,400)
Wipro: Maintain UW with price target of Rs 405 (earlier Rs 370)
Tech M: Maintain UW with price target of Rs 1,110 (earlier Rs 1,090)
Cyient: Maintain OW with price target of Rs 2,600 (earlier Rs 2,300)
Mphasis: Maintain EW with price target of Rs 2,700 (earlier Rs 2,350)
Tata Elxsi: Maintain UW with price target of Rs 7,500 (earlier Rs 6,400)
LTTS: Maintain UW with price target of Rs 4,600 (earlier Rs 4,000)
Zomato: Maintain OW with price target of Rs 150 (earlier Rs 140)
MMYT: Maintain OW with price target of $54 (earlier $46.5)
Delhivery: Raise to OW from EW with price target of Rs 455 (earlier Rs 440)
Bharti Airtel: Maintain EW with price target of Rs 1,015 (earlier Rs 1,015)
Asia Stocks Mirror U.S. Declines After Fed Minutes: Markets Wrap
LIC Gets GST Demand Notice Worth Rs 667.5 Crore From Three States
Vedanta Resources Gets Majority Support For Bond Restructure Proposal
NHPC Signs Rs 4,000-Crore MoU With Gujarat Power Corp
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