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-The local currency strengthened 3 paise to close at 83 against the U.S dollar.
-It closed at 83.03 on Friday
Source: Bloomberg
Market breadth was skewed in favour of sellers. Around 2,993 stocks declined, 998 stocks advanced, and 88 remained unchanged on BSE.
Total income up 12.7% at Rs 2,414.6 crore vs Rs 2,141.6 crore
Net profit up 25.3% at Rs 152.3 crore vs Rs 121.5 crore
Deflazacort tablets are a generic of EMFLAZA tablets
Source: Exchange Filing
In pact to provide services of business correspondent
Source: Exchange Filing
Revenue at Rs 166.44 crore vs Rs 152.35 crore, up 9.24%
Ebitda at Rs 26.51 crore vs Rs 30.79 crore, down 13.91%
Margin at 15.92% vs 20.21%
Net profit at Rs 17.81 crore vs Rs 22.28 crore, down 20.06%
Revenue at Rs 2,055.5 crore vs Rs 2582.76 crore, down 20.42%
EBITDA down 57.3% at Rs 720.92 crore vs Rs 1690.17 crore
Margin at 35.07% vs 65.44%
Net profit at Rs 628.4 crore vs Rs 775.99 crore, down 19.01%
I-T department conducted search at co's Hoshiarpur plant, Chandigarh office from Feb 8-10
Source: Exchange Filing
Board approves buyback of not exceeding 59.7 lakh shares or 0.59% equity
Buyback price to be at `1,005/share, total amount not exceeding Rs 600 crore
Source: Exchange Filing
Gets order worth Rs 119.7 crore for supply of MS coated pipes
Order to be executed in 12 weeks
Source: Exchange Filing
Revenue at Rs 1,691.69 crore vs Rs 1,303.9 crore, up 29.74%
Ebitda at Rs 224.49 crore vs Rs 65.15 crore, up 244.57%
Margin at 13.27% vs 4.99%
Net profit at Rs 85.44 crore vs loss of Rs 15.57 crore
I-T department concludes search operations at corporate office, manufacturing unit of co
Source: Exchange Filing
Revenue at Rs 6,061.3 crore vs Rs 5,665.5 crore, up 6.98%
Ebitda at Rs 1435.36 crore vs Rs 985.42 crore, up 45.65%
Margin at 23.68% vs 17.39%
Net profit at Rs 1,261.5 crore vs Rs 1,155.2 crore, up 9.2%
Revenue at Rs 152.1 crore vs Rs 143.7 crore, up 5.84%
EBITDA at Rs 119.8 crore vs Rs 117.9 crore, up 1.61%
Margin at 78.76% vs 82.04%
Net profit at Rs 52.1 crore vs Rs 53.5 crore, down 2.61%
Revenue at Rs 1061 crore vs Rs 954.6 crore, up 11.14%
Ebitda at Rs 142.1 crore vs Rs 140.1 crore, up 1.42%
Margin at 13.39% vs 14.67%
Net profit at Rs 68.83 crore vs Rs 17.22 crore, up 299.7%
12.4 lakh shares changed hands in a large trade
0.2% equity changed hands at Rs 284.45 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Revenue at Rs 270.4 crore vs Rs 161.1 crore, up 67.84%
Ebitda at Rs 4.42 crore vs ebitda loss of Rs 18.8 crore
Margin at 1.63%
Net profit at Rs 3.4 crore vs loss of Rs 1.4 crore
Inaugurates 178.3 MLD water treatment plant in Coimbatore, Tamil Nadu
Source: Exchange Filing
Revenue at Rs 438.9 crore vs Rs 457.8 crore, down 4.13%
Ebitda at Rs 61.42 crore vs Rs 75.05 crore, down 18.16%
Margin at 13.99% vs 16.39%
Net profit at Rs 51.52 crore vs Rs 56.89 crore, down 9.43%
Revenue at Rs 128.4 crore vs Rs 114.4 crore, up 12.23%
Ebitda at Rs 30.03 crore vs Rs 22.61 crore, up 32.81%
Margin at 23.38% vs 19.76%
Net profit at Rs 20.2 crore vs Rs 13.9 crore, up 45.32%
The scrip rose fell as much as 9.53 to Rs 4,627.55 apiece, the most since June 30, 2023. It is trading 9.32% lower at Rs 3,473 apiece, as of 12:31 p.m. This compares to a 0.52% decline in the NSE Nifty 50 Index.
It has risen 145.53% in the last twelve months. Total traded volume so far in the day stood at 2.9 times its 30-day average. The relative strength index was at 51.95.
Out of 10 analysts tracking the company, five maintain a 'buy' rating, two recommend 'hold', and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 14.1%.
Reiterates ‘Underperform’, target price at Rs 217
Earnings beat on the higher other income
Management increased capex guidance to Rs 20,000 cr/year for next few years vs Rs 10,000 cr for FY24
Capex guidance increased on the back of new electricity plan
Regular transmission projects likely to be executed in 30 months
/some large projects and HVDCs may take 4-5 years leading to back-ended growth in capitalisation
Despite optimistic assumptions, we continue to see downside risk to CMP
Reiterates ‘Buy’, target price at Rs 5,400
Good Q3 & aggressive growth strategy reaffirmed
Decent Q3 on an offensive strategy, all eyes on delivery
Remain positive on 2-Wheeler demand
Co called out huge scale up potential in EV volumes
Reiterates ‘Underperform’, target price at Rs 3,652
Q3 earnings in-line with ours, but below street estimates
Muted margin with consensus downgrade continues
Weak quarter weighted down by Generic API segment, with 26.4% margins
See more pain in Generic API segment in the near term
Growth drivers to be backend weighted
Raise FY2025-26 core PBT by 4-5%
Cut non-MF revenue forecast by 4-6% over FY2025-26
Expect CAMS’s steady-state core PBT CAGR at low to mid-teens over longer time horizons
Strong deal wins across segments, but revenue potential and wallet size remain key monitorable
The scrip fell as much as 8.94% to Rs 840.00 apiece, the lowest level since Oct 26, 2023. It trading 7.20% lower at Rs 856.10 apiece, as of 11:48 a.m. This compares to a 0.44% decline in the NSE Nifty 50 Index.
It has risen 38.24% in 12 months. Total traded volume so far in the day stood at 3.0 times its 30-day average. The relative strength index was at 29.91, which implied the stock is slightly oversold.
Out of 11 analysts tracking the company, three maintain a 'buy' rating, two recommend a 'hold,' and six suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 15.2%.
Issues clarification on report of PPBL independent director quitting after RBI crackdown
PPBL independent director, Manju Agarwal, resigned from Board due to personal commitments
Source: Exchange filing
Raises VNB estimate to factor rise in VNB margins in Q3
New product launches support growth in the non-par segment
Levers in place to maintain industry position
Expect 6% APE CAGR over FY23-26, enabling 12% VNB CAGR
Expect FY26 operating RoEV at 10.7% on lower margin profile than private peers
The scrip fell as much as 11.81% to 3,666.50 apiece, the lowest level since Jan. 24. It pared losses to trade 10.57% lower at Rs 3,718.10 apiece, as of 9:55 a.m. This compares to a 0.24% decline in the NSE Nifty 50 Index.
It has risen 96.25% in the last 12 months. Total traded volume so far in the day stood at 8.5 times its 30-day average. The relative strength index was at 42.
Out of 25 analysts tracking the company, 17 maintain a 'buy' rating, seven recommend a 'hold,' and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an downside of 7.4%.
The scrip fell as much as 10% to 698.55 apiece, the lowest level since Feb 1. The shares were locked in a lower circuit as of 10:21 a.m. This compares to a 0.50% decline in the NSE Nifty 50 Index.
It has risen 104.58% in the last 12 months. Total traded volume so far in the day stood at 1.1 times its 30-day average. The relative strength index was at 55.
Scrip of Yatharth Hospital and Traumacare Services Ltd rose as much as 4.35% to Rs 459.40 apiece, the highest level since its listing on Aug 7, 2023. It pared gains to trade 1.75% at 447.95, as of 10:26 a.m. This compares to a 0.62% decline in the NSE Nifty 50 Index.
It has risen 34.36% in six months. Total traded volume so far in the day stood at 5.4 times its 30-day average. The relative strength index was at 79.41, which implied the stock is overbought.
Two analysts tracking the company, maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 25.1%.
Hindustan Foods at 8.48 times its 30 day average
Star Cement at 6.62 times its 30 day average
Fineotex Chemical at 4.13 times its 30 day average
Indigo Paints at 2.45 times its 30 day average
Zydus Lifesciences at 2.41 times its 30 day average
Shares of PB Fintech rose as much as 3.58% to Rs 967. It is trading 2.58% higher at Rs 957.65 at 9.42 a.m. This compares to a 0.15% decline in the NSE Nifty 50.
Of the 18 analysts tracking the company, 12 maintain a 'buy', three recommends a 'hold,' and three suggests a 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 2%
Gets order for manufacturing smart key systems
Source: Exchange filing
The broader markets outperformed, the S&P BSE MidCap Index was up 0.27%, whereas S&P BSE SmallCap Index was 0.13% higher.
Thirteen out of 20 sectors compiled by BSE advanced, while seven sectors declined. S&P BSE Healthcare rose the most.
The market breadth was skewed in the favour of the buyers. About 1,762 stocks rose, 1,344 declined, while 107 remained unchanged on the BSE.
Wins PLI Bid for manufacturing hydrogen electrolyser
Project awarded under SIGHT program, to have a manufacturing capacity of 63 MW per year
Source: Exchange filing
At pre-open, the S&P BSE Sensex Index was up 126.82 points, or 0.18%, at 71,722.31 while the NSE Nifty 50 was 18.30 points or 0.08% higher at 21,800.80.
The yield on the 10-year bond opened flat at 7.10%.
Source: Bloomberg
The local currency opened flat at Rs 83.02 against the U.S dollar.
Source: Bloomberg
Raises target price to Rs. 1600 from Ra. 1500 earlier
Cuts FY24E earnings estimates by 8%
Lower-than-expected pace of recovery
Sees risks to growth from the upcoming elections and increased taxes
Profitability could also be volatile
Price target of Rs 3200 (Earlier Rs 3,070)
Revenue disappoints; no meaningful margin recovery
Pressure in generics & higher opex led to EBITDA margin miss
Generics pricing pressure & logistics disruption to weigh on profits
Kakinada expansion to fuel future growth, but uncertainty around it
Price target of Rs 1,150, implying 23% upside
Expect 30% CAGR in premiums over FY25-27E
Expect revenue moderation to 22% CAGR over FY24-27E post RBI measures
Expect 5x jump in EBITDA over FY23-27E
Key risks: Regulations and strong competition emerging from Jio
India our top emerging market pick
India Japan amongst top Asia/EM Equities pick
Expect structural outperformance of India
Outperformance on nominal GDP, capex/digitalisation agenda
Expect financials and Indutries to recover in 2024
Premium valuations warranted by superior fundamentals
Expect India to be key driver for global growth in 2020s
Citi Maintains 'Sell' On Tata Power
Price target increased to Rs295 from Rs 253
3QFY24 results were in line
Quarter saw project wins in transmission and renewables
Solar EPC business gained traction with decline in module prices.
Renewables generation capacity stood at 4261MW
Believes valuations to be expensive
Aussie Bonds Fall Before US CPI Amid Asia Holidays: Markets Wrap
Fragile-Five Days Long Gone As Funds Pile Into India, Indonesia
Paytm Curbs: RBI May Consider Review Of Feb 29 Deadline, If Need Arises - Exclusive
Price band revised from 10% to 20%: Bombay Dyeing and Mfg.
Price band revised from 20% to 10%: Automotive Stampings and Assemblies, Balaji Telefilms, Visaka Industries.
Ex/record date dividend: Engineers India, Thangamayil Jewellery, Carborundum Universal.
Moved into short-term ASM framework: Automotive Stampings and Assemblies, Gensol Engineering, Ramky Infrastructure, Triveni Turbine, Yes Bank.
Moved Out of short-term ASM framework: Indian Metals & Ferro Alloys, Jyoti CNC Automation, Paisalo Digital, Vakrangee.
Qatar Releases Eight Jailed Indian Navy Veterans, Seven Back In India
Apeejay Surrendra Park Hotels: The company's shares will debut on the stock exchanges on Monday at an issue price of Rs 155 apiece. The Rs 920 crore IPO was subscribed 59.66 times on its third and final day. Bids were led by institutional investors (75.14 times), non-institutional investors (52.41 times), and retail investors (30.35 times).
JSW Plans $5-Billion EV Enterprise In Odisha After MG Motor Deal
Stocks To Watch: ONGC, Divi's Labs, Paytm, Hero MotoCorp, Tata Power, Bandhan Bank
One 97 Communication: The company formed a group advisory committee to work with the company's board to strengthen compliance and regulatory matters.
Vedanta: The company completed repayments to its bondholders on Feb. 7 in line with the consents it received earlier in the year, in which maturities of $3.2 billion in bonds were successfully extended to 2029.
Adani Power: The company has clarified that it has submitted a resolution plan for the acquisition of Lanco Amarkantak Power but has still not received any communication from the Resolution Professional.
Power Grid Corp.: The company acquired Bidar Transmission (a power transmission company) for Rs 18.88 crore.
Navin Fluorine: Life Insurance of India increased its stake in the company to 7.07% from 5.03% earlier.
Jindal Stainless: The stainless-steel manufacturer signed a contract with the micro, small and medium enterprises technology centre, Visakhapatnam, for manufacturing value-added products for the missile and satellite launch vehicle segments.
Quess Corp.: The company incorporated two wholly-owned subsidiaries—Digitide Solutions and Bluspring Enterprises.
PG Electroplast: The company's wholly owned arm, PG Technoplast, has signed a pact to acquire a 100% stake in Next Generation Manufacturers.
Easy Trip Planners: The board approved a proposal for a five-star hotel in Ayodhya with an investment of up to Rs 100 crore.
ONGC: The company will transfer the Golfinho-Atum assets of ONGC Videsh Rovuma Ltd. and Beas Rovuma Energy Mozambique Ltd. to Moz AssetCo in lieu of proportionate equity. The estimated value of Golfinho-Atum assets is $1.28 billion.
IRCTC: The company has incorporated a wholly owned subsidiary, IRCTC Payments, to handle the payment aggregator business.
Zee Media Corp.: The company has clarified that guest experts of Zee Business fined by SEBI are "external and independent", with whom the company has no relation beyond TV appearances. SEBI has not passed any order against the company, the clarification read.
Mahindra & Mahindra: The company received a GST penalty of Rs 20.42 lakh in relation to the audit conducted for FY19.
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