21, November, 2024
# Sign In
  1. Home
  2. Market Highlights

Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

November 19, 2024

  • Important points for next 3-4 months:
  • 1. Next 3-4 Months will be very hard for investors - Ready for High volatility and unexpected Turbulence
  • 2. Don't sell out your portfolio - Just do Rebalancing in Future theme
  • 3. Try to accumulate stocks in parts - Don't be in a hurry
  • 4. Avoid FNO as much as you can./Avoid Margin Trading Facilities
  • 5. Stay away from Penny stocks/kachra stcks/bhangar stocks/garbage
  • 6. Focus on Growth Stocks having healthy order book and focus on tailwind Sector
  • 7. Don't panic due to news and Events.
  • India Daybook – Stocks in News
  • Prestige estates: Prestige Group acquires 22,135 sq. meters of land in Mira bhayandar Municipal Corporation (Positive)
  • HCL Technologies: Company and Servicenow roll out AI labs, adding to HCL tech’s global network (Positive)
  • Cyient: Company expands partnership with Allegro Micro Systems for magnetic sensors & power semiconductors for automotive industry (Positive)
  • Happiest Minds: Company eyes H2 growth driven by $2 million Generative AI investment (Positive)
  • GAIL: Company signs 10-year agreement with ADNOC gas for delivery of up to 0.52 MMTPA LNG, LNG to be delivered in six cargoes per year, starting in 2026 (Positive)
  • EaseMyTrip: Company is investing Rs 39.2 Cr in Planet Education for 49% stake and Rs 100 Cr in Jeewani Hospitality for 50%. (Positive)
  • Man Infraconstruction: MICL group realigns portfolio with strategic focus on Mumbai’s luxury segment, MICL group divested from phase 3 of project near Dahisar (Positive)
  • East West Freight Carriers: Company has entered in service contract with Erhardt Project Cargo and Logistic Middle East UAE (Positive)
  • IRB Infrastructure: IRB Infrastructure trust to offer 5 highway assets to IRB Invit fund, proceeds expected to fund new road pipeline of up to Rs 300 billion (Positive)
  • R.P.P Infra Projects: Company secures order worth Rs. 38.32 crores for road and infrastructure development in Tamil Nadu (Positive)
  • Nureca: Company signs distribution agreement with Zepto (Positive)
  • Patel Engineering: Company aims to achieve 20% year-on-year revenue growth from FY26 onwards, says MD Kavita Shirvaikar. (Positive)
  • Vatech: Company has secured a mega order worth ₹1,000 Cr for a 100 MLD Sea Water Desalination Plant from Indosol Solar Pvt. Ltd. for its Solar PV manufacturing facility in Andhra Pradesh. (Positive)
  • ACME: Company gets Rs 3,753 cr loan from REC for FDRE projects in Rajasthan and Gujarat (Positive)
  • Marico: Company says food inflation to moderate in next 2 quarters, expect double-digit revenue growth in H2 (PTI) (Positive)
  • Hyundai Motor: Company bets on CNG vehicles, sees accelerated demand (PTI) (Positive)
  • NALCO, Hindalco: Companies to remain in the spotlight as China announced that the export tax rebate for Aluminium and Copper products (Positive)
  • PTC Industries: Net profit at Rs 17.3 cr vs Rs 8.1 cr, Revenue at Rs 72.4 cr vs Rs 57.5 cr (YoY) (Positive)
  • EID Parry: Net profit at Rs 592 cr vs Rs 226 cr, Revenue at Rs 9330 cr vs Rs 6747 cr (YoY) (Positive)
  • Expleo Solutions: Net profit at Rs 35.4 cr vs Rs 20.5 cr, Revenue at Rs 260 cr vs Rs 230 cr (YoY) (Positive)
  • Glenmark Pharma: Net profit at Rs 350 cr vs Rs 200 cr, Revenue at Rs 3430 cr vs Rs 3210 cr (YoY) (Positive)
  • Reliance Infra: Net profit at Rs 4080 cr vs Net Loss of Rs 294 cr, Revenue at Rs 7260 cr vs Rs 7150 cr (YoY) (Positive)
  • Bombay Burmah Trading Corp: Net profit at Rs 250 cr vs Rs 122 cr, Revenue at Rs 4760 cr vs Rs 4500 cr (YoY) (Positive)
  • Federal Mogul Goetze: Net profit at Rs 38.2 cr vs Rs 32.1 cr, Revenue at Rs 460 cr vs Rs 440 cr (YoY) (Positive)
  • RMC Switchgear: Net profit at Rs 10.1 cr vs Rs 8.0 cr, Revenue at Rs 123.5 cr vs Rs 103 cr (YoY) (Positive)
  • SH Kelkar: Net profit at Rs 40 cr vs Rs 29 cr, Revenue at Rs 522 cr vs Rs 412 cr (YoY) (Positive)
  • AVG Logistics: Net profit at Rs 5.3 cr vs Rs 2.9 cr, Revenue at Rs 138 cr vs Rs 117 cr (YoY) (Positive)
  • Suraj Estate: Net profit at Rs 31.8 cr vs Rs 17.0 cr, Revenue at Rs 110 cr vs Rs 100 cr (YoY) (Positive)
  • Alicon: Net profit at Rs 17 cr vs Rs 14.5 cr, Revenue at Rs 463 cr vs Rs 381 cr (YoY) (Positive)
  • Northern Spirits: Net profit at Rs 12 cr vs Rs 7 cr, Revenue at Rs 947 cr vs Rs 596 cr (YoY) (Positive)
  • Shiv Texchem: Net profit at Rs 21 cr vs Rs 11 cr, Revenue at Rs 1030 cr vs Rs 612 cr (YoY) (Positive)
  • Delhivery: Net profit at Rs 10.2 cr vs Net Loss of Rs 103 cr, Revenue at Rs 2190 cr vs Rs 1942 cr (YoY) (Positive)
  • Sarda Energy: Net profit at Rs 195 cr vs Rs 141 cr, Revenue at Rs 1160 cr vs Rs 1000 cr (YoY) (Positive)
  • Kernex Microsystems: Net profit at Rs 6.85 cr vs Net Loss of Rs 4.4 cr, Revenue at Rs 41.2 cr vs Rs 1.4 cr (YoY) (Positive)
  • Avanti Feeds: Net profit at Rs 114 cr vs Rs 74 cr, Revenue at Rs 1355 cr vs Rs 1278 cr (YoY) (Positive)
  • Jay Shree Tea: Net profit at Rs 36.50 cr vs Rs 11.50 cr, Revenue at Rs 301.35 cr vs Rs 231.31 cr (YoY) (Positive)
  • Garware Hi-Tech: Net profit at Rs 104.3 cr vs Rs 45.9 cr, Revenue at Rs 621 cr vs Rs 397 cr (YoY) (Positive)
  • Muthoot Fin: Net profit at Rs 1251.1 cr vs Rs 991 cr, NII at Rs 2518 cr vs Rs 1858 cr (YoY) (Positive)
  • Crompton Greaves: Net profit at Rs 125 cr vs Rs 97.2 cr, Revenue at Rs 1896 cr vs Rs 1782 cr (YoY) (Positive)
  • Hero Motocorp: Net Profit at Rs 1204 crore versus poll Rs 1156 crore, Revenues at Rs 10463 crore versus poll Rs 10271 crore (Positive)
  • Ashapura Mine: Net profit at Rs 44.3 cr vs Rs 59.3 cr, Revenue at Rs 600 cr vs Rs 554 cr (YoY) (Neutral)
  • Tasty Bite: Net profit at Rs 10.1 cr vs Rs 11.4 cr, Revenue at Rs 156 cr vs Rs 145 cr (YoY) (Neutral)
  • ITI: Net loss at Rs 70 cr vs Rs 126 cr, Revenue at Rs 1016 cr vs Rs 246 cr (YoY) (Neutral)
  • GPT Healthcare: Net profit at Rs 105.66 cr vs Rs 107.97 cr, Revenue at Rs 14.82 cr vs Rs 13.50 cr (YoY) (Neutral)
  • MTNL: Net loss at Rs 890 cr vs Rs 793 cr, Revenue at Rs 160 cr vs Rs 182 cr (YoY) (Neutral)
  • Monte Carlo: Net profit at Rs 8.01 cr vs Rs 13.4 cr, Revenue at Rs 220 cr vs Rs 212 cr (YoY) (Neutral)
  • Ahuwalia Contracts: Net profit at Rs 38.36 cr vs Rs 55.30 cr, Revenue at Rs 1010 cr vs Rs 900 cr (YoY) (Neutral)
  • Swan Energy: Net profit at Rs 1.21 cr vs Rs 0.58 cr, Revenue at Rs 25.5 cr vs Rs 84.5 cr (YoY) (Neutral)
  • Roto Pumps: Net profit at Rs 11.4 cr vs Rs 12.7 cr, Revenue at Rs 84.6 cr vs Rs 81.4 cr (YoY) (Neutral)
  • Rama Steel: Net profit at Rs 4.0 cr vs Rs 6.2 cr, Revenue at Rs 260 cr vs Rs 203 cr (YoY) (Neutral)
  • Amines & Plasticizers: Net profit at Rs 9.78 cr vs Rs 9.08 cr, Revenue at Rs 170 cr vs Rs 157 cr (YoY) (Neutral)
  • Gufic Bio: Net profit at Rs 21.7 cr vs Rs 23.2 cr, Revenue at Rs 200 cr vs Rs 215 cr (YoY) (Neutral)
  • GRP: Net profit at Rs 4.8 cr vs Rs 5.0 cr, Revenue at Rs 140 cr vs Rs 120 cr (YoY) (Neutral)
  • Divgi: Net profit at Rs 7.8 cr vs Rs 10.7 cr, Revenue at Rs 54 cr vs Rs 69 cr (YoY) (Neutral)
  • Asian Granito: Net profit at Rs 6.5 cr vs Rs 1.3 cr, Revenue at Rs 380 cr vs Rs 400 cr (YoY) (Neutral)
  • Sobha: Net profit at Rs 26 cr vs Rs 15 cr, Revenue at Rs 934 cr vs Rs 741 cr (YoY) (Neutral)
  • Shree Tirupati Balajee: Net profit at Rs 7.1 cr vs Rs 9.4 cr, Revenue at Rs 160 cr vs Rs 115 cr (YoY) (Neutral)
  • Balaji Telefilms: Net profit at Rs 5.65 cr vs Rs 1.18 cr, Revenue at Rs 140 cr vs Rs 200 cr (YoY) (Neutral)
  • Ultratech Cement: Company to raise funds by issuance of debentures worth up to Rs 30 billion, Company says issuance of debentures on private placement basis (Neutral)
  • Timken India: Company expect total investment of around Rs 7 billion in new facility at Bharuch, (Neutral)
  • Reliance Industries: Company and Disney announce completion of transaction to form JV to bring together the most iconic and engaging entertainment brands in India. (Neutral)
  • Ujjivan Small Finance Bank: Bank’s board approves sale of NPA and written-off loans worth Rs 270 crore (Neutral)
  • Tata motors: Company expects PV retail sales to sustain momentum in Q3 (PTI) (Neutral)
  • SBI: Bank raises 1-year MCLR lending rate to 9% from November 15. (Neutral)
  • Coal India: NCL plans to relocate township in MP having 600 MT of mineable coal underneath (PTI) (Neutral)
  • Godrej Properties: Company denies allegations amid ED probe into fraud, money laundering claims (Neutral)
  • Zee Entertainment: Board approves higher targets to evaluate performance of MD & CEO (Neutral)
  • Brightcom: Company delays Q4 FY24 results, shares timeline for suspension revocation (Neutral)
  • Dr Reddy/FDC: Recalling generic medications in the US market due to manufacturing issues. (Neutral)
  • Samvardhana Motherson: Company aims to reduce debt in upcoming quarter, says COO Pankaj Mital. (Neutral)
  • ABB India: Company gets warning letter from SEBI for insider trading by two designated persons of the Company (Negative)
  • Vodafone Idea: Company says Rs 25,000-crore fundraising is delayed over AGR issue. (Negative)
  • IGL: Company says Further reduction in gas allocation communicated by GAIL effective November 16. (Negative)
  • Adani Total: GAIL further reduces allocation of APM gas by 13% effective November 16. (Negative)
  • Reliance Power: SECI weighs criminal action over fake documents (Negative)
  • RCom: Canara Bank classifies accounts of company and its arm, Reliance Telecom as 'fraud.' (Negative)
  • Sterlite Tech: ICRA revises outlook to stable from Negative, downgrades rating to AA- from AA on select bank loan facilities. (Negative)
  • Grasim: Net Profit at Rs 1108 crore versus Rs 2024 crore, Revenues at Rs 33563 crore versus Rs 30220 crore (Negative)
  • GSFC: Company expects rising raw material costs to eat into its margins in second half of ongoing fiscal. (Negative)
  • Honasa Cons: Net loss at Rs 19 cr vs Rs 29 cr, Revenue at Rs 462 cr vs Rs 496 cr (YoY) (Negative)
  • JTEKT: Net profit at ₹19.5 cr vs ₹30.2 cr, Revenue at ₹605.3 cr vs ₹584 cr (YoY) (Negative)
  • Shriram Properties: Net loss at Rs 0.79 cr vs Rs 20.1 cr, Revenue at Rs 140 cr vs Rs 210 cr (YoY) (Negative)
  • Honda India Power: Net profit at Rs 8.54 cr vs Rs 31.2 cr, Revenue at Rs 180 cr vs Rs 280 cr (YoY) (Negative)
  • Ratnamani Metals: Net profit at Rs 100 cr vs Rs 164 cr, Revenue at Rs 970 cr vs Rs 1131 cr (YoY) (Negative)
  • Genus Paper: Net loss at Rs 0.4 cr vs profit Rs 4.1 cr, Revenue at Rs 210 cr vs Rs 190 cr (YoY) (Negative
  • BEAT THE STREET BULLETIN
  • STRATEGIC COLLABORATIONS
  • - L&T Technology Services: Partners with Colorado Smart Cities Alliance to boost adoption of smart city projects in the U.S. with solutions in mobility, sustainability, and tech.
  • - Tata Elxsi & Suzuki: Launch Suzuki-Tata Elxsi Offshore Development Center, supporting green mobility innovations like lightweight design, eco-friendly materials, and advanced powertrains.
  • - MOS Utility & Central Bank of India: Collaborate to expand Business Correspondent networks for enhanced banking access.
  • STOCK UPDATES
  • - Regis Industries: Approves stock split in 1:10 ratio.
  • - Bharat Global Developers: Approves bonus issue (8:10 ratio).
  • PRODUCTION EXPANSION
  • - Apar Industries: Plans to triple Continuous Transposed Conductor (CTC) capacity to 20,490 MT/year by Q3 FY26, aligning with government prioritization of power infrastructure.
  • - Meson Valves: Acquires 4,800 sq. meters for new manufacturing operations at the Goa-Maharashtra border.
  • NEW PROJECTS AND JV
  • - Kings Infra: Launches Kings Maritech Eco Park in Tamil Nadu, pioneering sustainable aquaculture with AI and IoT-powered systems.
  • - NTPC & ONGC: Incorporate joint venture ONGC NTPC Green Private Limited for renewable energy development and offshore wind projects.
  • CORPORATE UPDATES
  • - HCL Software: Appoints Vikrant Chowdhary as Senior VP & Country Head for India, advancing "Make in India" efforts.
  • - RACL Geartech: Bags nomination from BMW for EV drivetrain parts for an electric sports car; production begins in 2026.
  • - Shilpa Medicare: Subsidiary receives CEP certification for Octreotide API, expanding peptide portfolio.
  • FINANCIAL HIGHLIGHTS
  • - SBI: Raises ₹10,000 Cr via infrastructure bonds at 7.23% coupon rate.
  • - MCX: Achieves highest-ever average daily trading volume in November.
  • ACQUISITIONS & PARTNERSHIPS
  • - PG Electroplast: Signs exclusive manufacturing agreement with Spiro Mobility for EVs and components.
  • - MakeMyTrip: Acquires Happay Expense Management from CRED.
  • LEGAL & REGULATORY
  • - 63 Moons: Supreme Court grants 4 weeks to settle NSEL scam case with investors.
  • - Matrimony.com: Clarifies its role in wedding loans as a platform, not a lender.
  • ORDERS AND CONTRACTS
  • - Ashoka Buildcon: Wins ₹2,791 Cr order.
  • - ITI Limited: Secures ₹95 Cr contract for digital transformation and surveillance systems in Uttarakhand.
  • - RVNL: Receives ₹295 Cr EPC contract from South Central Railway.
  • OTHER UPDATES
  • - Cupid Breweries: Enters marketing arrangements for a Pune plant producing 125,000 liters/month of beer.
  • - Ramco Ind: Acquires additional stake in Ramco Cement for ₹41.95 Cr; existing investment appreciates 27x to ₹4,376.25 Cr.
  • - Jyoti Structures: To consider equity fundraise on 22 Nov.
  • Stay tuned for more updates with Beat the Street Bulletin!
  • News Headlines from Business News Agencies:
  • Business Standard
  • Indian Railways plans 23 new container terminals to enhance cargo movement
  • Tyre makers expected to see 7%-8% revenue growth this fiscal: CRISIL
  • ESB chairperson Mallika Srinivasan gets one-year extension beyond 65 yrs
  • Port delays and red tape strain India's 10,000 steel user units: GTRI
  • Spirit Airlines files for bankruptcy after long run of quarterly losses
  • SBI raises Rs 10,000 crore through 15-year infrastructure bonds at 7.23%
  • Taiwan seeks economic partnership with EU to boost semiconductor ties
  • India's Apollo Radiology acquires reporting wing of UK's InHealth Group
  • Alibaba plans to raise $5 billion through dual currency bond issuance
  • Goldman Sachs, Morgan Stanley downgrade China's economic growth outlook
  • RBI to launch cloud services in 2025 to challenge global firm dominance
  • Paddy procurement begins, target set to purchase 16 million tonnes
  • Economic Times
  • Indian REITs distribute Rs 2,754 crore in H1 FY24, up 14% YoY
  • India's GCC ecosystem set to hit $100 billion by 2030: report
  • GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan
  • Cost of borrowing very stressful, banks need to make interest rates affordable: FM Sitharaman
  • Bajaj Finance FD book rises 21 pc to Rs 66,131 cr as on September-end
  • MakeMyTrip to acquire Happay Expense Management Platform from CRED
  • IndiaMart hires UpGrad's Saurabh Deep Singla as chief HR officer
  • Hindalco expects to gain from China scrapping export tax rebate
  • The Good Glamm Group completes acquisition of The Moms Co
  • Govt to exceed FY25 direct tax collection target: CBDT chief
  • HCLSoftware appoints Vikrant Chowdhary as SVP & country head for India
  • SBI to open 500 new branches in the financial year 2025, says Nirmala Sitharaman
  • Mint
  • Tata Electronics to buy 60% stake in Pegatron's iPhone plant: Report
  • RBI to take on Google, Microsoft with its first-ever cloud platform: Report
  • India likely to attract USD 20-25 billion FPI inflows in FY25, recent outflow temporary: Bank of Baroda
  • Urban labour market shows improvement as unemployment declines in September qtr
  • Pharma, electronics and engineering goods among India's top exports in Apr-Oct
  • Click2Pro Expands Mental Health Consultation Services across India
  • Geniemode eyes ₹500 cr fundraise from new and existing investors
  • Nykaa’s beauty business growth is a highlight, but margin is a sore spot
  • HealthKart raises $153 million led by ChrysCapital, Motilal Oswal Alternates
  • Oman’s OQ Seeks to Raise $490 Million From Methanol Unit IPO
  • WeWork India appoints Jitendra Mohandas Virwani as non-executive chairman, Karan to be MD & CEO
  • India Daybook – Stocks in News
  • Kitex Garments: Company to consider bonus equity shares on Nov 22 (Positive)
  • Ashoka Buildcon: Company wins large order worth Rs 2800 Cr (Positive)
  • ITI: Company gets contract worth rupees 95 cr for mining digital transformation & surveillance system (MDTSS) in Uttarakhand (Positive)
  • Shipbuilding stocks: Govt will soon set up Rs 30,000 cr maritime development fund to help shipbuilding: Media sources (Positive)
  • PG Electroplast: Company's wholly owned subsidiary PG Technoplast enters electric vehicle assembly and lithium-ion battery assembly (Positive)
  • Shilpa Medicare: Company unit received certificate of suitability (CEP) from EDQM for API, Octreotide (Positive)
  • GMR Airports: For October 2024, saw significant growth in passenger traffic, handling over 10.7 million passengers, a 9% increase (YoY) and a 5% rise (MoM) (Positive)
  • Manba Finance: Company signs MoU with Piaggio Vehicles to offer customized financing solutions for 3-wheelers (Positive)
  • RVNL: Company gets letter of acceptance from South Central Railway for Rs 295 crore contract (Positive)
  • RACL Geartech: Company received a nomination from BMW AG to supply drive train parts for an electric sports car, starting production in 2026 (Positive)
  • Ami Organics: Promoters Nareshkumar Patel and Chetankumar Vaghasia acquired 17.73% stake in Ami Organics (Positive)
  • NTPC: Company incorporates 50-50 JV of NTPC Green with ONGC Green. (Positive)
  • Gulf Oil Lubricants: Company’s long-term fund-based cash credit rating upgraded to AA+ from AA by ICRA. (Positive)
  • Jyoti Structures: Board meeting on Nov 22, 2024, to consider equity fund raising via rights issue. (Positive)
  • Oil upstream stocks: Govt to discontinue windfall gains tax levy in December: sources (Positive)
  • Britannia: Company secures injunction against Desi Bites for Good Day trademark infringement (Positive)
  • Bharti Airtel: Company and Singtel planning to hold equal direct stakes in co (Positive)
  • Astrazeneca: Receives DGCO approval for inhalation drug (Positive)
  • Reliance Power: Company and reliance infrastructure board reconstituted, four new directors join the board, Ashok Pal, CFO, Reliance Power appointed as executive director of the Company (Neutral)
  • Dhampur Surgar Mills: India Ratings affirmed Dhampur Sugar Mills' credit ratings. Long-term issuer rating is IND AA/Stable. (Neutral)
  • Orbit Exports: Company undertake capital expenditure of Rs 300 million to increase capacity of Valsad plant (Neutral)
  • Dr Reddys: Company issues clarification regarding retail-level recall of Morphine Sulfate extended-release tablets in U.S. on October 22. (Neutral)
  • SBI: Bank’s Rs 10,000 crore, 15-year bond issue fully subscribed. (Neutral)
  • Medplus Health: PI Opportunities Fund exits from Medplus Health, sells 5.8% stake for ₹483 crore (Neutral)
  • Vedanta/JSPL: Companies are among provisional resolution applicants for GVK Power & Infra (Neutral)
  • Zee Entertainment: Punit Goneka resigns from the post of Managing Director to focus on operational responsibilities. (Neutral)
  • M&M: JV with Volkswagen India stalled due to disagreement on key issues (Neutral)
  • Jagran Prakashan: Company Received show cause notices (SCN) from GST authorities for Apr 2020-Mar 2021. (Negative)
  • RELIANCE IND: Supreme Court Dismisses SEBI’s Appeal in Promoter Group Case, Overturning Rs. 25 Crore Penalty
  • The case dates back to 1994 when the Company issued debentures with convertible warrants. In 2011, SEBI alleged violations of takeover regulations by the promoter group. SEBI imposed a Rs. 25 crore penalty in 2021, but the Securities Appellate Tribunal set it aside in July 2023.
  • On November 11, 2024, the Supreme Court dismissed SEBI’s appeal, ruling no question of law was involved.
  • Adani Green to invest $35 billion or ₹3 lakh crore in the next 5 years in Green energy projects such as solar, wind and hybrid : Sagar Adani, Executive Director of Adani Green Energy
  • NTPC GREEN RAISED RS 3960 CR FROM ANCHOR INVESTORS AHEAD IPO @ ₹ 108
  • VETERAN FUND MANAGER PRASHANT JAIN , AZIM PREMJI'S PI OPPORTUNITIES FUND INVESTED IN NTPC GREEN + GOLDMAN SACHS, MORGAN STANLEY, HSBC ,ABU DHABI INVESTMENT, BNP PARIBAS & OTHER INVESTED IT
  • NTPC GREEN RAISED RS 3960 CR FROM ANCHOR INVESTORS AHEAD IPO @ ₹ 108
  • VETERAN FUND MANAGER PRASHANT JAIN , AZIM PREMJI'S PI OPPORTUNITIES FUND INVESTED IN NTPC GREEN + GOLDMAN SACHS, MORGAN STANLEY, HSBC ,ABU DHABI INVESTMENT, BNP PARIBAS & OTHER INVESTED IT
  • GODAWARI BIO Q2 :CONS NET LOSS AT 64.11 CR V 65.14 CR LOSS (YOY), 41.63 CR LOSS (QOQ)
  • REVENUE UP 34 % AT 320 CR (YOY) ,DOWN 39 % (QOQ)
  • EBITDA LOSS AT 33.64 CR V 31.5 CR LOSS (YOY), 12.24 CR LOSS(QOQ)
  • MARGINS AT -10.15 % V -13.18 % (YOY), - 2.3 % (QOQ)
  • ZEE: Mr. Punit Goenka, Managing Director - Key Managerial Personnel of the Company, decided to relinquish his position as Managing Director of the Company to entirely focus on his operational responsibilities assigned to him by the Board on November 15, 2024
  • Zomato and Swiggy In Focus
  • Have retained their hiked fees even after the festivities
  • Zomato hiked its food delivery platform fee before Diwali to Rs 10 from Rs 6, under ‘Festive season platform fee’
  • Swiggy also took a similar hike in food delivery segment
  • Platform fee is a form of convenience fee charged to all users by Zomato and Swiggy
  • Zomato and Swiggy have maintained parity in these hikes
  • Convenience fees charged by other platforms like ticketing (BookMyShow) and travel (MakeMyTrip), form as much as 10% of the total price
  • BookMyShow charges 10% convenience fees on movie tickets and 7% on other shows
  • MMT convenience fees varies from Rs 360 to Rs 1000 on flight tickets depending on routes – usually 6-9% of booking fees
  • Platform fee forms 2.3% of Zomato & Swiggy’s average order value
  • Frequency of bookings/orders is different, but analysts see further scope of hike in platform fees
  • Markets on Monday
  • DowJones -0.1%
  • Nasdaq +0.6%
  • S&P500 +0.4%
  • 10 year yield at 4.42%
  • Dollar Index -0.5% at 106.2
  • Nasdaq outperforms
  • Tesla +5.6%, Bloomberg News report indicated that President-elect Donald Trump’s team is working on ways to ease regulation on self-driving vehicles
  • Apple +1.3% & Netflix +2.8%
  • Advanced Micro Devices +3%
  • Earnings seasons has been good
  • 93% of S&P 500 companies have reported results
  • 74% have topped earnings expectations
  • 62% have surpassed revenue estimates
  • Source: FactSet
  • Big Movers
  • CVS Health +5% after agreeing to add four new board members
  • Super Micro Computer +16% following a Barron’s report that the AI server maker intends to file a plan for its annual report to avert a Nasdaq delisting
  • Other Asset Classes
  • Gold +1.8% to $2,608/ounce on softer dollar & Russia-Ukraine tensions
  • Brent Crude +2% at 73$/barrel on news that crude production at Norway’s Johan Sverdrup oilfield had been halted. This added to earlier gains stemming from escalation of the Russia-Ukraine war
  • Bitcoin at 90600$
  • In after hours trading
  • Trump Media & Technology Group -4%
  • On news that the company is in talks to buy cryptocurrency trading firm Bakkt
  • Walmart +0.8%, ahead of earnings due before the bell on Tuesday
  • CCI imposed a penalty of Rs. 213.14 crore on Meta for abusing its dominant position
  • -This relates to how WhatsApp's 2021 Privacy Policy was implemented and how user data was collected and shared with other Meta companies.
  • Govt will soon set up Rs 30,000cr maritime developement fund to help shipbuilding -ET
  • HSBC ON GLENMARK PH
  • (CMP: 4,604)
  • TARGET: 1,600
  • (PREVIOUS TARGET: 1,660)
  • MAINTAIN HOLD
  • Q2 Below Estimates, Mainly On Higher Overheads; Strong India Sales In Otherwise Lacklustre Quarter
  • New Launches And Supplies From Monroe Plant Key For Pick-Up In US Sales
  • New Launches And Supplies From Monroe Plant Is Key For Better Margins
  • Look For Improved Execution In The US Segment
  • CITI INDIA STRATEGY
  • • Most companies have described the festive season as meeting/missing expectations
  • • Commentary suggesting strong festive season trends have been limited
  • • Urban festive demand trends have been relatively more muted, while rural has been better
  • • Within sectors, jewellery, 2Ws and e-commerce appear to have seen relatively decent growth
  • • Other consumer-discretionary categories (fashion, apparel etc.) have been more muted
  • • Higher US yields and inflation expectations sap scope for the Fed and thus PBOC to ease
  • • Anxious that these concerns lead to a buyers' strike by offshore investors who built China exposure post the initial PBOC stimulus in September
  • • Therefore reverse our tactical allocation in early October, returning to a benchmark on China and a 20% overweight on India
  • CLSA ON M&M MANAGEMENT MEET
  • • Maintain Outperform with target price of Rs 3440
  • • After moving from a 35% to a 55% SUV mix in domestic PVs in the past five years, key value growth is likely to be found in the transition from entry level SUVs to mid and premium models
  • • Consumers are ready to pay 10% extra for features in PVs and not just focus on mileage
  • • EV SUVs are set to increase significantly in domestic market in next couple of years
  • • Consumers are ready to pay slight premium on ICE models, as they have much lower GST rates
  • • Urban market consumer discretionary demand slowdown is evident at ground level after three strong years up to FY24
  • • M&M is confident on successful new model launches driving growth in FY25- 26
  • • CAFE norms are set to get more stringent in the next couple of years and M&M is prepared with its portfolio to face the challenge
  • GOLDMAN SACHS ON INDIGO
  • • Maintain Buy with target price of Rs 4800
  • • October/November air traffic growth at 10%/11%
  • • IndiGo PLF at 90% Vs 85.6% last year
  • • While yields are down YoY, given improved domestic traffic growth, and higher PLFs believe there could be upside to guidance
  • UBS ON RK FORGINGS
  • Maintain Buy with target price of Rs 1500
  • Outperforms peers in an otherwise challenging quarter
  • Visible growth drivers; earnings upgrades ahead
  • Believe market needs to adapt a bottom-up strategy to appreciate RK Forging's capability and performance track record
  • GOLDMAN SACHS ON INDIGO
  • Maintain Buy with target price of Rs 4800
  • October/November air traffic growth at 10%/11%
  • IndiGo PLF at 90% Vs 85.6% last year
  • While yields are down YoY, given improved domestic traffic growth, and higher PLFs believe there could be upside to guidance
  • MORGAN STANLEY ON SUZLON
  • • Upgrade to Overweight from Equal-weight; Cut target price to Rs 71 from Rs 78
  • • Steep correction an opportunity
  • • Suzlon has a strong business moat
  • • Continue to see it as a beneficiary of India's energy transition
  • • Has a large 5.1GW order backlog executable in next 24 months
  • • Has been prudent in taking up orders with higher offtake visibility
  • • Competitive intensity is lower; expect its market share to improve to 35-40% by FY27
  • • Estimate India's wind additions will drive 32GW ($31 bn) of orders over FY25-30 for wind OEMs
  • • See the current steep decline in the stock price as a credible opportunity to accumulate the stock
  • BEW ENGINEERING : LARGE TRADE NSE
  • PRASHANT D PAWAR SOLD 1.12 LKH SHARES @ ₹ 225.28
  • GLOBUS SPIRITS: LARGE TRADE NSE
  • ELPRO INTERNATIONAL LIMITED SOLD 1.79LKH SHARES (0.62% STAKE) @ ₹ 827.63
  • DIVYADHAN RECYCLING: LARGE TRADE NSE
  • MERU INVESTMENT FUND PCC- CELL SOLD 1.04LKH SHARES @ ₹ 77.46
  • PNB HOUSING: LARGE TRADE NSE
  • MORGAN STANLEY SINGAPORE SOLD 15.38LKH SHARES (0.59% STAKE) @ ₹ 864.11
  • Market opens in the green tracking positive global cues. Sensex above 77,500 & Nifty near 23,550
Panchkarma