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The NSE Nifty 50 Index and BSE Sensex reversed a three-day declining streak.
The benchmarks also logged the best intraday gains in eight session.
The NSE Nifty Pharma scaled a fresh high of 22,008.00.
HDFC Bank Ltd., Infosys were the top leader in the Nifty 50 index
Metal, Oil and Gas sectors were top winners, while bank sector emerged as the top loser
Broader markets outperformed with the NSE Nifty Midcap 150 and Nifty Smallcap 250 ending 2.20% and 2.39% higher, respectively.
Market breadth was skewed in the favour of buyers. As many as 2,988 stocks rose, 945 declined, and 98 remained unchanged on the BSE.
Net profit rose 24.2% at Rs 287 crore vs Rs 231 crore
Revenue rose 1.3% at Rs 1,342 crore vs Rs 1,325 crore
Ebitda rose 33% at Rs 407 crore vs Rs 306 crore
Margin at 30.3% vs 23%
Revenue rose 7.2% at Rs 3,428 crore vs Rs 3,196 crore
Ebitda rose 22.83% at Rs 359 crore vs Rs 292 crore
Margin at 10.5% vs 9.1%
Net loss of Rs 215 crore vs loss of Rs 162 crore
Net profit rose 37% at Rs 567 crore vs Rs 414 crore
Revenue rose 1.8% at Rs 3,376 crore vs Rs 3,316 crore
Ebitda fell 9.4% at Rs 1,081 crore vs Rs 1,193 crore
Margin at 32% vs 36%
Revenue rose 3.7% at Rs 3,395 crore vs Rs 3,275 crore
Ebitda rose 14.96% at Rs 813 crore vs Rs 707 crore
Margin at 23.9% vs 21.6%
Net profit rose 20.6% at Rs 571 crore vs Rs 474 crore
Net profit flat at Rs 34 crore
Revenue up 5.2% at Rs 1,899 crore vs Rs 1,806 crore
EBITDA down 4.3% at Rs 172 crore vs Rs 180 crore
Margin at 9.1% vs 10%
Arm commences commercial production at pillow manufacturing unit in Ohio
Source: Exchange filing
Revenue up 5% at Rs 450 crore vs Rs 427 crore
EBITDA down 17% at Rs 66 crore vs Rs 79 crore
EBITDA margin at 14.6% vs 18.6%
Net profit down 11% at Rs 44 crore vs Rs 50 crore
Net profit up 95.6% at Rs 221 crore vs Rs 113 crore
Revenue up 17.5% at Rs 3,967 crore vs Rs 3,375 crore
EBITDA up 56.5% at Rs 313 crore vs Rs 200 crore
Margin at 7.9% vs 5.9%
Net profit rose 46.7% at Rs 36 crore vs Rs 24.6 crore
Revenue fell 1.4% at Rs 343 crore vs Rs 348 crore
Ebitda rose 31.9% at Rs 55.2 crore vs Rs 41.8 crore
Margin at 16.1% vs 12%
Uno Minda Ltd.'s board approved incorporation of a wholly owned step-down subsidiary in Czech Republic, Europe.
Board approved acquisition of further stake in Minda Onkyo India.
The company's stake in Minda Onkyo India to be 99% post acquisition
Board approves amendment of joint venture pact with Denso Ten Uno Minda India and Uno Minda D-Ten India
The company is to also provide designing & development support to JV co, TNMI & MTNI
Board approves investment worth Rs 62.69 crore in sunroof project
Alert: Minda Onkyo India is a 50:50 JV between co & Japan-based Onkyo Sound Corporation
Source: Exchange filing
Cupid Locked In Upper Circuit For Second Day As Q1 Profit Jumps Nearly Fourfold
TVS Motor Shares Jump On Q1 Profit Rise, EV Launch
AIA Engineering - Riding On High-Chrome Conversion Opportunity: Prabhudas Lilladher
Seamec Ltd.'s vessel 'Seamec Diamond' was put on hire for Oil and Natural Gas Corp's contract by HAL Offshore.
Source: Exchange filing
Maintain double digit growth guidance in FY25
Industrial segment growth led by construction, railways, mining
Market shares gains not apparent as of now, demand momentum continues
CBCB IV+ sets contributed to overall 30-40% of sales in the quarter
Gross margins at 5 year high led by higher mix of CBCB IV+ sets
Margins not sustainable in near term with pricing environment
Product pursuant to CPCB norms contributed to 30-40% of sales in Q1
Gross margins at 5 year high led by higher mix of product pursuant to CPCB norms
Allied Blenders & Distillers Ltd. appointed Deloitte to strengthen Enterprise Risk Management practices.
Source: Exchange filing
July stainless steel sales volume rose 219% at 5,699 million ton
July carbon steel sales volume rose 4% at 1.3 lakh million ton
July aluminium foil sales volume rose 28% at 1,571 million ton
July sponge iron sales volume rose 53% at 85,447 million ton
July pellet sales volume rose 24% at 1.03 lakh million ton
July speciality alloys sales volume rose 20% at 19,300 million ton
Source: Exchange filing
Godrej Industries Ltd.'s board approved fundraise of Rs 3,000 crore via unsecured non-convertible debenture.
Source: Exchange filing
Market breadth was skewed in favour of buyers. Around 2,325 stocks advanced, 511 stocks declined, and 101 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 rose 1.24% or 296.85 points higher at 24,289.40, and the BSE Sensex rose 1.24% or 972.33 points higher at 79,565.40.
L&T Technology Services Ltd. and Altair established digital twin center of excellence to accelerate global innovation.
The center of excellence will cater to customers across mobility, hi-tech and sustainability segments.
Source: Exchange filing
The yield on the 10-year bond opened flat at 6.89%.
It closed at 6.88% on Tuesday.
Source: Bloomberg
Rupee Rebounds From Rs 84 Threshold On Likely RBI Intervention
Karur Vysya Bank Ltd. cut six-month and one-year MCLR by 10 basis points to 9.90% & 10.00% respectively.
Source: Exchange filing
Sets IPO price band of Rs 152-160 per share
Bid for offer to open on August 12 & close on August 14
Source: Company statement
Initiating coverage with a Buy, and set the target price Rs 303, which implied 49% upside.
Fastest-growing steel tube manufacturer in India
Enhanced capacity, with volume and margin expansion
Expect Profit to compound at 38% over FY24–27
Value company at 25x Q1FY27E Earnings Per Share
Coforge Ltd. gets supplementary notice of indemnification from a client in the North America region
Client claims $7.6 million indemnity in-principle settlements
Potential additional claim of $4.3 million for settling demands
Source: Exchange filing
Emkay Global Research downgraded to ADD from Buy with a target price Rs 2,600 from Rs 2,250, Upside 4%
Amid recent stock price run-up leaving limited upside
Expect Co to continue outperforming the 2W industry
Seeing acceleration in recovery along with improving margins
Company expects domestic 2Ws to clock 10% growth this year led by rural
Expect TVS to sustain improvements in growth categories of premium motorcycles, scooters, exports
Upgrade FY26E EPS by 6% & build-in 14/27% revenue/EPS CAGR in FY24-27E
Raise multiple to 30x P/E FY26 vs 28x
Retain Buy with a target price Rs 540, which implied an upside of 26%
High mix of consumer business hurts overall margin
Reported weak operating performance in 1QFY25
EBITDA margins decline 230bp YoY due to an unfavorable business mix
Higher share of low-margin consumer business at 53% in 1QFY25 vs. 39% in 1QFY24
Order book stood at Rs. 4500 crores on June 24 vs. Rs. 4500 crores /Rs. 3500 crores in March 24/Jun’23
Management maintained revenue growth target of 40-45% for FY25,
Management sees EBITDA margins of 7%
Lowered EPS estimate for FY25 by 7%
Suzlon Energy To Buy Stake Worth Rs 660 Crore In Renom Energy Services
Brainbees Solutions: The public issue was subscribed to 0.11 times on day 1. There were no bids from institutional investors, retail investors (0.46 times), employees (1.79 times), or non-institutional investors (0.08 times).
Unicommerce eSolutions: The public issue was subscribed to 2.43 times on day 1. There were no bids led by institutional investors, retail investors (9.98 times), or non-institutional investors (2.26 times).
Ola Electric Mobility: The public issue was subscribed to 4.27 times on day 3. The bids were led by institutional investors (5.31 times), retail investors (3.92 times), reserved for employees (11.99 times), and non-institutional investors (2.4 times).
Zydus Wellness: Quant Mutual Fund bought 17 lakh shares (2.67%) at Rs 2,201.4 apiece, and Threpsi Care LLP sold 17 lakh shares (2.67%) at Rs 2,201.4 apiece.
Akums Drugs and Pharma: Smallcap World Fund bought 25.86 lakh shares (1.64%) at Rs 753.84 apiece.
Tata Power Spends Rs 830 Crore For 40% Stake In Khorluchhu Hydro Power
CBI Charges Hindalco With Corruption Over Environmental Clearances For Odisha Coal Mine
Lupin Q1 Results: Profit Up 77%, Beats Estimates
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