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-The local currency closed flat at 83.72 against the US dollar.
-Rupee hit a record low of 83.756 during the day.
-It closed at 83.73 on Wednesday.
Source: Bloomberg
Nifty records highest close in the fifth consecutive session
Nifty hit intraday high of 25,078.30
Sensex hit intraday high of 82,129.49
Broader indices end lower; Nifty Midcap 100 ended 0.84% lower and Nifty Smallcap 250 ended 0.58% down
Most sectoral indices ended lower; Nifty Energy was the top gainer and Nifty Media fell the most
Sensex rises 126.21 points to end at 81867.55 Nifty rises 59.75 points to end at 25010.90
PowerGrid and Coal India were top Nifty gainers; M&M and Hero MotoCorp were top losers
Net profit up 45% at Rs 253 crore vs Rs 175 crore
Revenue up 18% at Rs 4,206 crore vs Rs 3,562 crore
EBITDA at Rs 177 crore vs Rs 86 crore
EBITDA margin at 4.2% vs 2.4%
Board approves demerger of FMCG and Food business
Food and FMCG business to be listed on BSE & NSE
Net profit up 25.8% at Rs 24.7 crore vs Rs 19.6 crore
Revenue up 9.2% at Rs 604 crore vs Rs 554 crore
EBITDA up 28.47% at Rs 58.2 crore vs Rs 45.3 crore
Margin at 9.6% vs 8.2%
Approves setting up over 250-bedded hospital in Zirakpur, Punjab, at an investment of Rs 230 crore
Approves providing up to Rs 100 crore as loan to Muthoot Hospitals
Source: Exchange filing
Revenue down 2% at Rs 2,310 crore vs Rs 2,355 crore
EBITDA down 2% at Rs 325 crore vs Rs 331 crore
EBITDA margin flat at 14.1%
Net profit up 1% at Rs 293 crore vs Rs 290 crore
Revenue up 17.7% at Rs 4,434 crore vs Rs 3,767 crore
Net profit up 10.3% at Rs 314 crore vs Rs 284 crore
Margin at 8.7% vs 8.9%
EBITDA up 14.1% at Rs 384 crore vs Rs 337 crore
Q1 Revenue up 7% at Rs 3,349 crore vs Rs 3,130 crore
EBITDA up 8% at Rs 655 crore vs Rs 604 crore
EBITDA margin at 19.6% vs 19.3%
Net profit up 8% at Rs 494 crore vs Rs 457 crore
Total income up 26% at Rs 8,881 crore vs Rs 7,052 crore
Net profit up 17% at Rs 759 crore vs Rs 649 crore
Net profit down 1.6% at Rs 236 crore versus Rs 240 crore.
Revenue up 20% at Rs 1,543 crore versus Rs 1,285 crore.
Ebitda up 14.8% at Rs 387 crore versus Rs 337 crore.
Margin at 25.1% versus 26.3%.
Rail Vikas Nigam Ltd. has incorporated an Uzbekistan subsidiary called RVN LLC.
Source: Exchange filing
Uno Minda Ltd. is in technical license pact with Japan's Aisin Corp for manufacture and sale of sunroofs
Source: Exchange filing
Revenue rose 6.5% at Rs 407 crore vs Rs 382 crore
Ebitda rose 12.62% at Rs 96 crore vs Rs 85.3 crore
Margin at 23.6% vs 22.3%
Net profit rose 8.8% at Rs 60 crore vs Rs 55.2 crore
Margin at 42.3% vs 40.4%
Ebitda rose 24.7% at Rs 94.7 crore vs Rs 75.9 crore
Revenue rose 19% at Rs 224 crore vs Rs 188 crore
Net profit rose 11.9% at Rs 66 crore vs Rs 59 crore
Revenue down 18.5% at Rs 830 crore versus Rs 1,019 crore.
Ebitda down 27.6% at Rs 217 crore versus Rs 299 crore.
Margins at 26.1% versus 29.4%.
Net profit down 64.7% at Rs 151 crore versus Rs 426 crore.
Monthly sales value in July up 2%
Monthly sales volume in July up 4%
Source: Exchange Filing
Revenue up 3.7% at Rs 1,036 crore vs Rs 999 crore
EBITDA up 4.2% at Rs 169 crore vs Rs 162 crore
Margin at 16.3% vs 16.2%
Net profit up 4.3% at Rs 115 crore vs Rs 110 crore
Board approves to set up new facility to produce agrochemical intermediate at Dahej
Source: Exchange Filing
Arm Wainganga Expressway Pvt. Ltd. gets arbitration award against NHAI
Source: Exchange Filing
Hero Fincorp to raise Rs 2,100 crore through fresh issue
Company to raise Rs 1,568 crore through OFS
Selling shareholders include Apollo Management, Otter Ltd, Apis Partners, etc.
Source: DRHP
Total PV sales down 6% at 44,954 units
Total CV sales down 18% at 27,042 units
Total sales at 71,996 units vs 80,633 units
Total domestic sales down11% at 70,161 units
Decision on forensic audit may take a few weeks
C-Edge Technologies provides technology services to cooperative banks
Technology providers are required to get regular certification of cyber security infrastructure
Source: People In The Know
The ransomware attack on C-Edge Technologies affected nearly 300 small banks
NPCI had isolated C-Edge Technologies from accessing retail payments on Wednesday
Retail payments completely blocked during period of isolation
Source: People In The Know
Total sales up 11% at 3.54 lakh units YoY
Total 2-wheeler sales up 11% at 2.98 lakh units YoY
Total CV sales up 11% at 56,628 units YoY
Total sales at 3.54 lakg units vs NDTV Profit estimate of 3.46 lakh units
At pre-open, the Nifty traded at 25030.95, up by 0.32% or 79.80 points and the Sensex was at 81949.68, up 0.25% or 208.34 points.
The yield on the 10-year bond opened flat at 6.91%.
It closed at 6.92% on Wednesday.
Source: Cogencis
Rupee strengthened by 5 paise to open at 83.68 against the US dollar.
It closed at 83.73 on Wednesday.
Source: Bloomberg
Enters into Strategic Agreement with Ather Energy
Collaborate for development & supply of NMC & LFP lithium-ion cells for 2-wheeler battery packs
Source: Exchange Filing
Maintains 'Buy' with target Rs 3,340 from Rs 3,010, upside 15%
Strong margin expansion offset the lower auto segment revenue
Positive outlook for tractors segment; reiterated 5%YoY growth guidance for industry
Possible upside risks to this number
Billings were lower than bookings in UVs due to heatwave, elections
SUV volume growth guidance for FY25 is mid-to-high teens
Order book come down as mgmt. aims to service a higher proportion of bookings
Recent XUV700 price-cuts likely have minimal impact on profitability
Trim SUV volume estimates, but increase tractor estimates over FY25-27E
Pencil in higher margins, driven by better mix and cost reduction initiatives
Earnings estimates over FY25-27E increased by 5-11%
Value M&M’s core business at Rs 2,900/share based on 27x Sep’25E core EPS
Incorporate values for M&M’s listed subsidiaries at a total of Rs440/share
Maintains Sell, target Rs 137, downside 6.8%
Revenue driven by strong growth in subscription
Partially offset by weak advertising revenues
Viewership share declined 40 bps QoQ to 16.4%
This was impacted by cricket and general elections
Will monitor any material increase in ad revenue and extent of benefit to Zee
Remains concerned on the potential impact of the cost saving measures
Maintain Buy with TP 15,200 up from 14750, Upside 15%
EBITDA Beat led by better expected asp and lower commodity costs
CNG Portfolio performing well helping margins, Co derives third of volumes from CNG
Tax cut on hybrids is an upside risk
Launch of 3 new SUVs in FY24 helped retains 41% MS
Expect margins to hold 13% range
Raise estimate by 1-3% factoring lower volumes but higher ASPs
Stock trades at 24x FY26 P/E in line with 10year average
Maintains 'Hold' on Godrej Properties
Revised target at Rs 3,416 (+6.1% upside)
Logged its best-ever Q1 pre-sales in Q1FY25 (bookings up 283% YoY)
Collections up 54%, aims to launch ~22msf of projects in FY25
Maintains new project additions guidance, GDV of ~Rs 20,000 cr
Reckon sales momentum shall stay
Cash flow generation key stock trigger
Maintains Neutral, target Rs 1,850, downside 1.1%
Alleged tax evasion of more than Rs320b in IGST
Company believes that GST is not applicable on expenses incurred by overseas branch offices
Company has mentioned in its press release that it is all compliant with GST regulations
Maintains 'Neutral'
Q1 Ebitda came in 3% ahead of estimates
Higher volumes, lower costs offset impact of weaker blended realizations
E-auction realizations were Rs 2440 per tonne, down 4% QoQ
E-auction coal accounted for 12% of volumes vs 11% in 4Q, 9% last year
Expect e-auction prices to correct as company plans to increase e-auction share to 35% in 2Q and 3Q
Financial sector seeing transition which will alter investment landscape
Early scale up for insurance and asset management products
Annual household savings to go from $650 billion to $1 trillion by 2030
Prefer private insurers over asset managers given cyclicality
More valuation comfort for life insurers
Like insurers with distribution strength, captive bank distribution
LIC is a share donor but has supportive valuations
Like insurance distributors with strong economics
PB Fintech has exposure to the best part of the value chain
AMCs have high exposure to market cycles
Nuvama downgrades Ambuja Cements to HOLD, cuts target to Rs 722 target
Q1FY25 Ebitda down 23% YoY, stood 14% below consensus estimates
Volumes impacted by elections, heatwaves and early rainfall in certain regions
Realisation down 7% YoY due to weak pricing environment
Board approved set up of 14 cement grinding units with combined capacity of 28 MTPA
FY25 capex at Rs 10000 crores
Upside on stock capped on weak pricing environment, uptick in stock
Raises target by 22% to Rs 213 target 11.6% downside
Downgrade rating give stock's lofty valuations
Q1 EBITDA up 27% QoQ, beating brokerage estimate by 11%
Natural gas marketing Ebitda doubled on movement of cargoes to high-margin domestic market
Believe elevated natural gas marketing earnings are unsustainable
Valuations have outpaced expected growth, making risk-reward unattractive
Raise FY25/26 Ebitda estimates by 10%/1%
Indian Overseas Bank sanctions ‘one time settlement’ proposed by co to settle outstanding dues
Source: Exchange Filing
Ex/record Dividend: Greaves Cotton, Kirloskar Oil Engines, Hero MotoCorp, Karur Vysya Bank, MPS, Esab India, Tasty Bite Eatables, Oberoi Realty, Aditya Birla Sun Life AMC.
Ex/record AGM: Kirloskar Oil Engines, Hero MotoCorp, MPS, Bajaj Consumer Care, UGRO Capital, Esab India, Aditya Birla Sun Life AMC, Lyka Labs, Tips Industries.
Moved in short-term Framework: Ambika Cotton Mills, NRB Industrial Bearings, Nuvama Wealth Management, and PC Jeweller.
Moved out short-term Framework: Bhansali Engineering Polymers.
Hatsun Agro Product: Promoter R. G. Chandramogan revoked a pledge for 63.73 lakh shares on July 30.
Sigachi Industries: Promoter Amit Raj Sinha created a pledge for 25 lakh shares on July 16.
SIS: Capital Group Affiliates sold 62.26 lakh shares (4.31%) at Rs 415.02 apiece, while 360 One Mutual Fund A/C-360 One Focused Equity Fund bought 29.84 lakh shares (2.07%) at Rs 415 apiece, and Abu Dhabi Investment Authority Stable bought 21.95 lakh shares (1.52%) at Rs 415 apiece.
Protean eGov Technologies: Citicorp Finance (India) sold 6.6 lakh shares (1.63%) at Rs 1833.32 apiece.
Graphite India: Quant Mutual Fund sold 14.56 lakh shares (0.74%) at Rs 520 apiece.
Tanla Platforms: Ponguleti Harsha Reddy sold 7.74 lakh shares (0.57%) at Rs 990.42 apiece.
Abu Dhabi, 360 One Mutual Fund Buy Stake In SIS Worth Rs 258 Crore
Tata Steel Sets Aside Rs 17,347 Crore Towards Mineral Tax After Supreme Court Ruling
Coal India Q1 Results: Profit, Revenue Rise In Line With Estimates
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