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The local currency closed flat at 83.49 against the US dollar.
It closed at 83.50 on Thursday.
Source: Bloomberg
Board approves raising up to Rs 175 crore via QIP or other means
Source: Exchange filing
Q1 gross advances at Rs 10,644 crore, up 6% YoY
Q1 deposits at Rs 14,440 crore, up 7.8% YoY
Q1 CASA at Rs 4,504 crore, up 2.8% QoQ
(Provisional figures)
Source: Exchange filing
Gross loan rose 30.6% on the year to Rs 18,798 crore
Deposits rose 30% on the year to Rs 18,163 crore
CASA ratio at 19.0% vs 20.5% QoQ
(Provisional figures)
Source: Exchange filing
Poonawalla Fincorp Ltd. had 20.92 lakh shares traded in a block at Rs 419 apiece.
Its 0.27% equity changed hands. Buyers and sellers are unknown.
Source: Cogencis
Thermax received an order worth Rs 513 crore for supply of 2x 550 TPH boiler.
Source: Exchange filing
Sanghi Industries Ltd. has approved allotment of shares worth up to Rs 500 crore on private placement basis to Ambuja Cements Ltd.
Source: Exchange filing
Ashok Leyland Ltd. had 10.1 lakh shares change hands in a bunch trade.
Delhivery Ltd. had 11.2 lakh shares traded in a large trade.
Restaurant Brands Asia Ltd. had 20 lakh shares change hands in a bunch trade.
Medplus Health Services Ltd. had 23.7 lakh shares change hands in a bunch trade.
Cigniti Technologies Ltd. had 46.2 lakh shares change hands in a large trade.
Godrej Agrovet Ltd.'s promoters to acquire 2.16% stake in the company from RKN Enterprises via block deal.
Source: Exchange filing
Godrej Properties Ltd. promoters to acquired 1.43% stake in the company from RKN Enterprises via block deal.
Source: Exchange filing
Expect Q1FY25 to be weak for most companies, except Gail (India), Petronet LNG
RIL: O2C segment weakness to offset modest growth in RJio/retail
Indian OMCs may see 35-43% QoQ Ebitda decline on weaker GRM, lower auto-fuel marketing margins
Gail (India), Petronet LNG to benefit from higher gas consumption
Sharp tariff cut to offset higher volumes for Gujarat State Petronet
Rising APM shortfall, price cuts to impact gross margins for CGDs
Upstream: Higher windfall to offset benefits of higher oil prices
Market breadth was skewed in favour of buyers. Around 1,783 stocks rose, 1,148 stocks declined, and 94 remained unchanged on BSE.
Jefferies kept a 'Buy' on HDFC Bank Ltd. with a target price Rs 1,880, which implied a 9% upside.
HDFC Bank deposit growth was slightly disappointing
Loans contracted 0.8% QoQ
Retail, SME and rural led growth on the loans front
LDR is flat QoQ
What to watch out for: retail deposit trend, NIM, Opex
Client base as of June rose 3.7% to 2.47 crore
Gross client acquisition as of June rose 6.3% to 9.4 lakh
Number of orders as of June rose 5.9% to 16.8 crore
Source: Exchange filing
Top picks: UltraTech and Ambuja Cement
Expect avg EBITDA/t for companies to decline by Rs 133 QoQ
Decline in Ebitda per tonne on continued weak cement prices
Expect blended to decline 3% QoQ to Rs 5246/t
Q1 demand slowdown on general elections, heat waves, labor-availability issues
Q1 volumes of coverage stocks to rise 4% YoY in Q1FY25
Stable input prices to provide a breather, expect overall unit costs to remain flat QoQ
At pre-open, the NSE Nifty 50 was trading 88.80 points or 0.37% lower at 24,213.35, and the S&P BSE Sensex was trading 62.88 points or 0.1 higher at 80,049.67.
Pre-sales rose 20% Rs 4,030 crore
Collections rose12% to Rs 2,690 crore
Adds 3 projects in NMR and Pune Having GDV of Rs 11,100 crore
Source: Exchange filing
The yield on the 10-year bond opened flat at 6.99%.
It closed at 6.99% on Thursday.
Source: Cogencis
The local currency strengthened by 3 paise to open at 83.47 against the US dollar.
It closed at 83.50 on Thursday.
Source: Bloomberg
Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
Procter & Gamble Hygiene and Healthcare Ltd.'s shareholders approved the appointment of Kumar Venkatasubramanian as director and managing director.
Source: Exchange filing
Coforge Ltd. has acquired 30 lakh shares of Cigniti Tech aggregating to 11.07% of current paid-up share capital & 10.97% of expanded capital.
Source: Exchange filing
Poonawalla Fincorp Q1 Update: AUM Grew 52% To Rs 26,970 Crore
Price band changes from 10% to 5%: Usha Martin Education & Solutions Ltd.
Price band changes from 20% to 10%: Mazagon Dock Shipbuilders Ltd.
Ex/record dividend: Mahindra and Mahindra Ltd., Redington Ltd., Thermax Ltd., Piramal Enterprises Ltd., Nucleus Software Exports Ltd., Navin Fluorine International Ltd., Biocon Ltd., Bharat Forge Ltd., Balkrishna Industries Ltd., AstraZeneca Pharma India Ltd., Apollo Tyres Ltd., Allsec Technologies Ltd., 3M India Ltd., Welspun Enterprises Ltd., Escorts Kubota Ltd. and Sundaram Finance Ltd.
Ex/record special dividend: 3M India.
Ex/record AGM: Mahindra and Mahindra, Welspun Enterprises, and Escorts Kubota.
Moved in short-term framework: Kingfa Science & Technology (India) Ltd., Refex Industries Ltd. and Zen Technologies Ltd.
Raymond Approves Demerger Of Realty Arm As Business Booms
Emcure Pharmaceuticals IPO: All You Need To Know
Godrej Consumer Products Ltd.: Godrej Seeds & Genetics Ltd. bought 30. 57 lakh shares (0.29%), while BNG Successor Trust, HNG Family Trust and SNG Successor Trust collectively sold 30.57 lakh shares (0.29%) at Rs 1,367.05 apiece.
Godrej Consumer Products' Promoters Exchange Shares Worth Rs 418 Crore
HDFC Bank Q1 Update: Gross Advances Shrink 0.8% QoQ, Deposit Growth Flat
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