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The local currency weakened by 3 paise to 83.14 against the U.S dollar.
It closed at 83.11 on Thursday.
Source: Bloomberg
Market breadth was skewed in favour of buyers. Around 2,271 stocks rose, 1,649 stocks declined, and 144 remained unchanged on BSE.
23.2 lakh shares changed hands in a large trade
0.1% equity changed hands at price range of Rs 61.15 to Rs 64.15 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Revenue up 6.38% at Rs 221.6 crore vs Rs 236.7 crore
Net profit up 86.83% at Rs 9.08 crore vs Rs 4.86 crore
Ebitda up 25.63% at Rs 20.19 crore vs Rs 16.07 crore
Ebitda margin at 9.11% vs 6.78%
Revenue up 14.26% at Rs 408.5 crore vs Rs 357.5 crore
Net profit up 86.22 at Rs 94.6 crore vs Rs 50.8 crore
Ebitda up 89.17% at Rs 104.84 crore vs Rs 55.42 crore
Margin at 25.66% vs 15.5%
14.2 lakh shares changed hands in a large trade
0.2% equity changed hands at Rs 508 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Revenue up 0.21% at Rs 4,162.2 crore vs Rs 4,153.1 crore
Net profit up 40.22% at Rs 860.3 crore vs Rs 613.5 crore
Ebitda up 24.22% at Rs 1,072.61 crore vs Rs 863.42 crore
Ebitda Margin at 25.77% vs 20.78%
Revenue up 11.47% at Rs 1,15,494.24 crore vs Rs 1,02,985.56 crore
Net profit down 61.03% at Rs 3,397.27 crore vs Rs 8,501.17 crore
Ebitda down 51.77% at Rs 6,226.25 crore vs Rs 12,907.98 crore
Ebitda Margin at 5.39% vs 12.53%
Commissions 2.6 MTPA greenfield grinding capacity at Rajpura, Punjab
Co's total grey cement manufacturing capacity in India now at 135.59 MTPA
Source: Exchange Filing
Net profit down 4% YoY at Rs 150 crore vs Rs 156 crore
Net interest income up 9% YoY at Rs 382.7 crore vs Rs 349.7 crore
Net NPA at 0.31% vs 0.33% QoQ
Gross NPA at 1.22% vs 1.27% QoQ
Revenue up 17.3% YoY at Rs 2,311 crore vs Rs 1,971 crore
Net profit up 148.5% YoY at Rs 256 crore vs Rs 103 crore
Ebitda up 49.3% at Rs 1,742 crore vs Rs 1,167 crore
Ebitda Margin at 75.37% vs 59.2%
23.6 lakh shares changed hands in a large trade
0.4% equity changed hands at Rs 508 apiece
Buyers and sellers not known immediately
Source: Bloomberg
20.2 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 251.85 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Alert: SpiceJet owes a total of $12.9 million to two engine lessors
Source: Cogencis
On NSE, Tata Power rose as much as 6.07% to Rs 387.25 apiece, the highest level since its listing on Apr 3, 1996. It pared gains/losses trade 4.35% higher at Rs 381.65 apiece, as of 12:57 p.m. This compares to a 1.14% advance in the NSE Nifty 50 Index.
It has risen 86.79% in 12 months. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 77.53, which implied the stock is overbought.
Out of 21 analysts tracking the company, 11 maintain a 'buy' rating, three recommend a 'hold,' and seven suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 21.5%.
Added 14 new stores to the existing count of 29 stores in the city
Source: Exchange Filing
Azad Engineering was listed on the NSE on Dec. 28, 2023, at Rs 720 with a 37.40% premium over its IPO price. It listed on the BSE at Rs 710, a 35.50% premium.
The scrip rose as much as 10.32% to 745 apiece, the highest level since its listing and touched a new life high on Monday. It pared gains to trade 7.82% higher at Rs 729 apiece, as of 12:43 p.m. This compares to a 1.57% advance in the NSE Nifty 50 Index.
It has risen 7.60% since listing. Total traded volume so far in the day stood at 2.2 times its 30-day average. The relative strength index was at 80 indicating it was overbought.
In pact with BVM Global Schools to provide both academic and non-academic services.
Source: Exchange Filing
Unit commissions solar project with Chengmari
Source: Exchange Filing
Launches ‘Aaradhya Onepark’ with 4 lk sq ft carpet area in Mumbai's Ghatkopar area
Expects strong sales momentum for Mumbai's Ghatkopar project
Expects to generate Rs 1,200 crore in next 4 years from Mumbai's Ghatkopar project
Source: Exchange Filing
Signs long-term contract of 7 years with Rolls-Royce
Rolls-Royce contract for producing, supply critical engine parts for defence/military aircraft engines
Source: Exchange Filing
The scrip fell as much as 6.55% to 710 apiece, the lowest level since Mar. 28, 2023. It was trading 6.14% lower at Rs 713.20 apiece, as of 12:03 p.m. This compares to a 1.43% advance in the NSE Nifty 50 Index.
It has fallen 0.45% 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 33.
Out of 28 analysts tracking the company, 9 maintain a 'buy' rating, 8 recommend a 'hold,' and 11 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 2.4%.
On the NSE, Capri's stock rose as much as 8.99% during the day to Rs 1,024.90 apiece, the highest since Jan 18. It was trading 2.94% higher at Rs 968 per share, compared to a 0.84% advance in the benchmark Nifty 50 as of 10:57 a.m.
The share price has risen 34.62% in the last 12 months. The total traded volume so far in the day stood at 1.84 times its 30-day average. The relative strength index was at 65.88.
An analyst tracking the company has a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential downside of 17.3%.
Revenue down 8.3% YoY at Rs 214.58 crore vs Rs 233.98 crore
Net profit up 30.42% YoY at Rs 31.34 crore vs Rs 24.03 crore
Ebitda up 21.46% at Rs 47.81 crore vs Rs 39.36 crore
Ebitda Margin at 22.28% vs 16.82%
Maintains neutral with price target of Rs 800 (earlier Rs 820)
Steady loan growth of 4% QoQ, partially dragged by securitization
Miss on higher credit costs
Strong deposit momentum at 6% brought momentum down to 83%
Low visibility on ROA trajectory in FY25
Management thinks of cards as customer acquisition tool and expects to sell liability product
Bank expects loan growth of 25% YoY in near term, lower than deposit growth
It has risen in 30.90% in 12 months. Total traded volume so far in the day stood at 1.3 times its 30-day average. The relative strength index was at 68.90.
Out of 35 analysts tracking the company, 28 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 upside of 6.1%.
Dodla Dairy at 7.81 times its 30 day average
Eris Lifesciences at 5.48 times its 30 day average
Au Small Finance Bank at 5.14 times its 30 day average
Shakti Pumps at 4.31 times its 30 day average
Indian Metals & Ferro Alloys at 4.2 times its 30 day average
10.8 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 83.15 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Gets orders from RVNL, Neyveli Uttar Pradesh Power
Gets Rs 381.3 crore order from RVNL for execution of civil construction works
Gets Rs 263.6 crore order from Neyveli Uttar Pradesh Power for operations, maintenance of thermal power project
Source: Exchange Filing
The scrip fell as much as 11.80% to Rs 624.35 piece, the lowest level since April 10. It pared losses to trade 9.18% lower at Rs 642.85 apiece, as of 11:01 a.m. This compares to a 1.28% advance in the NSE Nifty 50 Index.
It has risen 6.16% in the last twelve months. Total traded volume so far in the day stood at 16 times its 30-day average. The relative strength index was at 27.7, indicating that the stock may be underbought.
Out of 27 analysts tracking the company, ten maintain a 'buy' rating, seven recommend a 'hold,' and ten suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 15.6%.
12 lakh shares changed hands in a large trade
0.02% equity changed hands at Rs 55.15 apiece
Buyers and sellers not known immediately
Source: Bloomberg
10.3 lakh shares changed hands in a large trade
0.1% equity changed hands at Rs 1,166.05 apiece
Buyers and sellers not known immediately
Source: Bloomberg
The scrip rose as much as 14.54% to Rs 1,007.40 apiece, the highest level since its listing on Jun 28, 2021. It was trading 12.99% higher at Rs 993.80 apiece, as of 10:24 a.m. This compares to a 0.62% advance in the NSE Nifty 50 Index.
It has risen 94.82% in 12 months. Total traded volume so far in the day stood at 9.6 times its 30-day average. The relative strength index was at 74.57, which implied the stock is overbought.
Two analysts tracking the company, maintained a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies a downside of 17.3%.
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
25.1 lakh shares or 0.02% equity changed hands in two large trades
Buyers and sellers not known immediately
Source: Bloomberg
The scrip rose as much as 8.16% to Rs 125.95 apiece, the highest level since its listing on May 19, 2010. It was trading 7.17% higher at Rs 124.80 apiece, as of 09:50 a.m. This compares to a 0.89% advance in the NSE Nifty 50 Index.
It has risen 272% in 12 months. Total traded volume so far in the day stood at 3.6 times its 30-day average. The relative strength index was at 75.95, which implies the stock is overbought.
Out of four analysts tracking the company, two maintain a 'buy' rating, one recommend a 'hold,' and one suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 39.3%.
Initiates with an Overweight; TP: 4368
To grow, India needs to invest in both digital and physical infra
AEL at the core of everything India wishes to accomplish
Current valuation does not reflect all the parts
Despite being a large co, AEL has no analyst coverage
AEL has proven history of incubating and spinning out businesses
AEL has made notable progress on improving balance sheet
Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.
16.4 lakh shares or 0.5% equity changed hands in a pre-market large trade
Buyers and sellers not known immediately
Source: Bloomberg
65.2 lakh shares or 5.1% equity changed hands in a large trade
Buyers and sellers not known immediately
Source: Bloomberg
The broader markets also rose; the S&P BSE MidCap Index was up 0.48%, whereas S&P BSE SmallCap Index was up 0.81%.
All 20 sectoral indices compiled by BSE advanced. S&P BSE Services rose the most.
The market breadth was skewed in the favour of the buyers. About 2,233 stocks rose, 838 declined, while 125 remained unchanged on the BSE.
11.5 lakh shares or 0.02% equity changed hands in a pre-market large trade
Buyers and sellers not known immediately
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.18%.
Source: Bloomberg
The local currency weakened by 3 paise to 83.15 against the U.S dollar.
It closed at 83.12 on Thursday.
Source: Bloomberg
At pre-open both the Nifty and Sensex traded 0.38% higher at 21,433.10 points and 70,969.79 points respectively.
HSBC
Maintains buy with TP of Rs 2720 (vs Rs 2630 earlier)
Revised EPS estimates by -2.1%/+3.4%/+2.1% for FY24E/25E/26E
Expect 17% AUM CAGR over FY24-26E driven by non-vehicle consumer businesses
Operating performance in line with estimates
Valued at 1.5x FY26e BVPS
Expected to deliver 3.3-3.5% ROA and 15.5-16.5% ROE over FY24e-26e
Nomura
Maintain neutral with price target of Rs 305
Results missed estimates on lower marketing margins, higher opex
Vizag bottom-upgradation to commence in 1HFY25; HRRL to commence from end-CY24
Auto fuel price cuts key to watch out for
Rising refining spreads mean room for price cuts has fallen sharply
Maintains "Equal-weight" rating at Rs 413 target
Q3 net profit missed brokerage estimate by 10%
Weak earnings on higher gas sourcing costs
Rating due to limited growth with low margin support
Cheaper LNG in 2024 to accelerate industrial demand
Maintain neutral with price target of Rs 2,910
Targeting phase-wise commissioning of its solar mfg. capacity from H2CY24
Project returns could be hampered by oversupply in China
Green H2 incentives too are still insufficient
RIL’s HJT technology not popular among cell makers
Jefferies
Downgrade to hold; TP: Rs 830
PAT was in line but credit costs rose 80bps QoQ
Credit cost to stay elevated for two quarters
Revolver mix fell, cost of funds may rise further
Stabilisation of asset quality and rate cuts are possible positives
Rates 'sell' with TP of Rs 425
Elevated MTM supporting domestic MF revenues
Seasonality coupled with momentum in primary market and corporate earnings driving robust revenues in MF
Low base aiding growth in international/domestic alternates RTA business
Will revisit their estimates post the earnings call
Maintains 'sell', TP cut to Rs 2,150 from Rs 2,300 earlier
Better-than-expected volumes, drove the earnings beating their estimates
Uncertainty in volume revival has been exacerbated by the recent freight issues
Raw material cost pressures are not easing
Source: Exchange Filing
Adani Ports and Special Economic Zone: Societe Generale sold 2.81 lakh shares (0.01%) at Rs 1120.6 apiece
Aurobindo Pharma: Societe Generale sold 1.07 lakh shares (0.01%) at Rs 1160.1 apiece.
BHEL: Societe Generale sold 5.15 lakh shares (0.01%) at Rs 209.9 apiece.
BPCL: Societe Generale sold 12.43 lakh shares (0.05%) at Rs 477.15 apiece.
Container Corp of India: Societe Generale sold 1.53 lakh shares (0.02%) at Rs 841.1 apiece, while Marshall Wace Investment Strategies Market Neutral Tops Fund bought 1.41 lakh shares (0.02%) at Rs 841.1 apiece.
D B Realty: Griffin Growth Fund VCC bought 34.82 lakh shares (0.64%) at Rs 253.05 apiece, while Trinity Opportunity Fund sold 34.82 lakh shares (0.64%) at Rs 253.05 apiece.
Dalmia Bharat: Societe Generale sold 2.34 lakh shares (0.12%) at Rs 2154.75 apiece, while Marshall Wace Investment Strategies bought 2.34 lakh shares (0.12%) at Rs 2154.75 apiece.
Devyani International: Societe Generale sold 8.27 lakh shares (0.06%) at Rs 176.25 apiece, while Marshall Wace Investment Strategies Eureka Fund bought 8.16 lakh shares (0.06%) at Rs 176.25 apiece.
FSN E-Commerce Ventures: Societe Generale sold 47.34 lakh shares (0.16%) at Rs 162.45 apiece, while Marshall Wace Investment Strategies Eureka Fund bought 45.46 lakh shares (0.15%) at Rs 162.45 apiece.
Grasim: Eriska Investment Fund Ltd. bought 8.1 lakh shares (0.12%) at Rs 2060 apiece, while Griffin Growth Fund Vcc sold 8.1 lakh shares (0.12%) at Rs 2060 apiece.
HCL Tech: Marshall Wace Investment Strategies Market Neutral Tops Fund bought 3.38 lakh shares (0.01%) at Rs 1576.4 apiece, while Societe Generale sold 3.38 lakh shares (0.01%) at Rs 1576.4 apiece.
ICICI Prudential Life Insurance Co: Societe Generale sold 6.79 lakh shares (0.04%) at Rs 488.55 apiece, while Marshall Wace Investment Strategies Market Neutral Tops Fund bought 6 lakh shares (0.04%) at Rs 488.55 apiece.
Indian Bank: Societe Generale sold 8.35 lakh shares (0.06%) at Rs 441.6 apiece.
Aditya Birla Sun Life AMC, Adani Green Energy, Apollo Pipes, Bajaj Finance, Bharat Electronics, Bharat Petroleum Corporation, CSB Bank, GAIL, Garware Technical Fibres, Gateway Distriparks, Godfrey Phillips India, Heritage Foods, Indo Count Industries, Vodafone Idea, ITC, Jaiprakash Power Ventures, Latent View Analytics, L.G.Balakrishnan & Bros, Mahindra Logistics, Maharashtra Seamless, Marico, Muthoot Microfin, Nippon Life India Asset Management, NTPC, Nuvoco Vistas Corporation, Piramal Enterprises, Petronet LNG, Restaurant Brands Asia, R R Kabel, Stylam Industries, Tata Investment Corporation, UTI Asset Management Company, Venus Pipes & Tubes, and Voltamp Transformers.
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