-The local currency strengthened by 2 paise to close at 83.02 against the U.S. Dollar.
-It closed at 83.04 on Thursday.
Source: Bloomberg
The market breadth was skewed in favour of the buyers. About 2,198 stocks rose, 1,644 declined, and 93 remained unchanged on the BSE.
Firmly believe GoFirst holds immense potential & can be revitalised to work with SpiceJet
Bid for GoFirst will benefit both SpiceJet and GoFirst
Happy to contribute for leveraging GoFirst's strengths for mutual growth and success
Source: Exchange filing
SpiceJet to serve as operating partner for the new airline providing staff & services
Ajay Singh has submitted the bid in his personal capacity along with Big Bee Airways
Note: Ajay Singh is the Chairman & MD of Spicejet
Source: Exchange filing
Gets USFDA's final nod for Isosorbide Mononitrate Extended-Release, Tablets USP, 30 mg, 60 mg,120 mg
Isosorbide Mononitrate is used to prevent chest pain in patients
Source: Exchange Filing
Gets orders worth Rs 104.3 crore from Tata Projects, Fleet Maintenance Unit
Gets order from Tata Projects for LT panel, to be delivered over 6 months
Gets order from Fleet Maintenance Unit for AIAMC to be delivered over 24 months
Source: Exchange Filing
Company Bench of Bangladesh Supreme Court approves merger of arms Shun Shing Edible Oil and Bangladesh Edible Oil
Source: Exchange filing
The product will be manufactured at Lupin’s Pithampur facility in India.
Source: Exchange Filing
US FDA completes inspection at company's API facility in Telangana with zero observations
Source: Exchange Filing
In service pact with Wipro for oncall support services
Source: Exchange Filing
Launches Ultra range of heavy-duty CVs in South Africa
Source: Cogencis
Fixes March 20 as the record date for ascertaining shareholder eligible for 1:1 bonus issue
Source: Exchange Filing
Plans to invest Rs 65,000 crore in Odisha green steel complex in multiple phases
To work on 13.2 MTPA steel manufacturing facility
Manufacturing complex to house integrated steel mfg unit, jetties, power plant, cement unit
Source: Exchange Filing
The scrip rose as much as 13.85% to Rs 1,010.00 apiece, the highest level since Aug 13, 2021. It was trading 12.79% higher at Rs 1,000 apiece, as of 11:08 a.m. This compares to a 0.60% advance in the NSE Nifty 50 Index.
It has risen 86.07% in 12 months. Total traded volume so far in the day stood at 21 times its 30-day average. The relative strength index was at 80.51, which implied the stock is overbought.
Out of 15 analysts tracking the company, eight maintain a 'buy' rating, five recommend a 'hold,' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 3.1%.
Passenger traffic at 1.06 crore, up 13% YoY
Aircraft movements at 66,302, up 5% YoY
Source: Exchange Filing
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The scrip rose as much as 8.22% to Rs 201.50 apiece, the highest level since Feb 5. It was trading 6.07% higher at Rs 197.70 apiece, as of 10:14 a.m. This compares to a 0.55% advance in the NSE Nifty 50 Index.
It has declined 4.8% in 12 months. Total traded volume so far in the day stood at X.X times its 30-day average. The relative strength index was at 41.30.
Lists at Rs 1,228.70 on NSE vs issue price of Rs 1,258
Lists at discount of 2.3% to the issue price on NSE
Lists at Rs 1,245 on BSE vs issue price of Rs 1258
Lists at discount of 1.03% to the issue price on BSE
The scrip fell as much as 6.03% to 545.85 apiece, the lowest level since Feb. 14. It pared losses to trade 4.20% lower at Rs 557.50 apiece, as of 9:56 a.m. This compares to a 0.42% advance in the NSE Nifty 50 Index.
It has risen 14.85% in the last 12 months. Total traded volume so far in the day stood at 7 times its 30-day average. The relative strength index was at 49.
Out of 32 analysts tracking the company, 15 maintain a 'buy' rating, 3 recommend a 'hold,' and 14 suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 16%.
The scrip rose as much as 9.7% to Rs 888 apiece, the highest level since February 7. It pared gains to trade 8.19% higher at Rs 876.60 apiece, as of 10:05 a.m. This compares to a 0.43% advance in the NSE Nifty 50 Index.
It has risen 101.45% in the last twelve months. Total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 55.35.
Out of 15 analysts tracking the company, four maintain a 'buy' rating, eight recommend a 'hold,' and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 5.3%.
Market breadth was skewed in the favour of buyers. As many as 2,253 stocks gained, 704 declined, and 77 were unchanged.
At pre-open, the S&P BSE Sensex Index was up 355.64 points or 0.49% at 72,406.02 while the NSE Nifty 50 was higher by 109.55 points or 0.50% at 22,020.30.
Nuvama Retains Buy Rating on Gujarat Gas
Price target of Rs 676
EBITDA margin fell 45% YoY to Rs 4.8/scm led by price cuts FY24
Expect volume recovery to sustain largely due to CNG
Expect launch of the Full DODO scheme and non-Morbi region expansion driving volumes
Management guides FY25E EBITDA margin of INR4.5–5.5/scm on revival in I-PNG segment
They gauge that Rs. 8,000- 9,000 crores of monthly credit card spend would be affected
Believes RBI wants to regulate and ensure end-use liquidity float during credit period.
India’s B2B payments market is expected to grow to $10-11tn in FY26
The yield on the 10-year bond opened flat at 7.09%.
Source: Bloomberg
The local currency strengthened by 2 paise to open at 83.02 against the U.S. Dollar.
It closed at 83.04 on Thursday.
Source: Bloomberg
Price target increased to Rs 350 (vs Rs 340 earlier)
Q3 consolidated revenue in-line, EBITDA margin below expectations
Results weighed down by weak performance in Butterfly
Believes company is making decent progress in small appliances
Believes P/E valuations trading at 35x FY25E appear reasonable
Believes M&M is likely to be the fastest growing PV OEM
FY2024 exit capacity is likely to be around 49k, to support growth
Believes rate of decline for tractors will narrow through FY2025
Waiting period data and order backlog to support growth
Assumes ~43k unit per month domestic UVs in F2025 (13% growth)
Key upsides - Co meets its mid- to high-teens UV guidance in F2025
- Successful mid-cycle refresh for XUV 300
Key Downsides - Poor Monsoons
-Tesla entry into India
-Hybrid tax rationalization
MS overweight on HDFC Bank; TP: 2,110
Home loan book grew 3.6% QoQ in Q3FY24
Home loan business has become both an asset as well as liability generator
New products to be launched in the home loan business
Cross-selling from HDFC Ltd branches started from 1st Feb 2024
Focus on cross-sell for both existing & new customers
Cross-selling to be at no incremental cost
Turnaround time on home loan disbursals decreased to 1/3rd post merger
Renewed focus on the self-employed segment
Asia Shares Advance As Nikkei Nears 1989 Peak: Markets Wrap
Asia Shares Advance As Nikkei Nears 1989 Peak: Markets Wrap
Price band revised from 10% to 5%: Schneider Electric Infrastructure.
Ex/record date dividend: Banco Products
Medplus Health Services: Promoter Lone Furrow Investments created a pledge of Rs 18.44 lakh shares on Feb. 7 and Agilemed Investments created a pledge of 2.17 lakh shares on Feb. 12.
What The Supreme Court Ruling Striking Down Electoral Bonds Means
Markets To Inch Higher If Support Levels Are Sustained, Say Analysts
Vibhor Steel Tubes: The public issue was subscribed 298.86 times on day 3. The bids were led by non-institutional investors (721.34 times), retail investors (188.17 times), and institutional investors (178.73 times) and reserved for employees (201.48 times).
Axis Bank Says No Material Impact Of Unjust Gain Allegations In Max Life Share Deals
Global Banks Boost India Bond Marketing As Index Day Nears
Nifty Q3 Scorecard: Profit Rises By 15.8% As More Companies Beat Estimates
Stock Market Today: All You Need To Know Going Into Trade On Feb. 16
Stock Market Today: All You Need To Know Going Into Trade On Feb. 16