Market Highlights

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

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January 20, 2025

• Alert: Don't apply in IPOs without checking it's fundamentals, future growth & most importantant it's valuations. Details of Companies Listed in the Last 4 Months and Trading Below Their IPO Price.
• Lamosaic India: Listing Date: 29 Nov 2024
• IPO Price: ₹200
• Current Price: ₹77.95
• % Change: -61%
• Phoenix Overseas: Listing Date: 27 Sep 2024
• IPO Price: ₹64
• Current Price: ₹28.90
• % Change: -55%
• Abha Power: Listing Date: 04 Dec 2024
• IPO Price: ₹75
• Current Price: ₹41.55
• % Change: -45%
• Newmalayalam: Listing Date: 27 Dec 2024
• IPO Price: ₹90
• Current Price: ₹52.15
• % Change: -42%
• Usha Financial: Listing Date: 31 Oct 2024
• IPO Price: ₹168
• Current Price: ₹107.55
• % Change: -36%
• Khyati: Listing Date: 11 Oct 2024
• IPO Price: ₹99
• Current Price: ₹65.00
• % Change: -34%
• Paramount Dye: Listing Date: 08 Oct 2024
• IPO Price: ₹117
• Current Price: ₹78.35
• % Change: -33%
• Davin Sons Retail: Listing Date: 09 Jan 2025
• IPO Price: ₹55
• Current Price: ₹38.13
• % Change: -31%
• Supreme Facility: Listing Date: 18 Dec 2024
• IPO Price: ₹76
• Current Price: ₹53.40
• % Change: -30%
• Citichem India: Listing Date: 03 Jan 2025
• IPO Price: ₹70
• Current Price: ₹51.50
• % Change: -26%
• Acme solar Holdings: Listing Date: 13 Nov 2024
• IPO Price: ₹289
• Current Price: ₹221.40
• % Change: -23%
• Forge Auto: Listing Date: 04 Oct 2024
• IPO Price: ₹108
• Current Price: ₹84.05
• % Change: -22%
• Godavari Biorefineries: Listing Date: 30 Oct 2024
• IPO Price: ₹352
• Current Price: ₹275.40
• % Change: -22%
• Carraro India: Listing Date: 30 Dec 2024
• IPO Price: ₹704
• Current Price: ₹572.40
• % Change: -19%
• Suraksha Diagnostics: Listing Date: 06 Dec 2024
• IPO Price: ₹441
• Current Price: ₹357.20
• % Change: -19%
• Deepak Builders: Listing Date: 28 Oct 2024
• IPO Price: ₹203
• Current Price: ₹170.83
• % Change: -16%
• Subam Papers: Listing Date: 08 Oct 2024
• IPO Price: ₹152
• Current Price: ₹127.00
• % Change: -16%
• Unilex Colour & Coatings: Listing Date: 03 Oct 2024
• IPO Price: ₹87
• Current Price: ₹77.05
• % Change: -11%
• Mangal: Listing Date: 21 Nov 2024
• IPO Price: ₹45
• Current Price: ₹40.30
• % Change: -10%
• Hyundai Motor India: Listing Date: 22 Oct 2024
• IPO Price: ₹1960
• Current Price: ₹1789.10
• % Change: -9%
• WOL3D: Listing Date: 30 Sep 2024
• IPO Price: ₹150
• Current Price: ₹137.00 by
• % Change: -9%
• Premium Plast: Listing Date: 28 Oct 2024
• IPO Price: ₹49
• Current Price: ₹44.90
• CFO Club feels proud to announce a forthcoming Webinar as under:
• Theme: Emerging Trends in FP&A and Financial Reporting - Is Technology able to cope up ?
• Speaker: Panel of Speakers
• Date: Thursday, January 30, 2025
• Time: 04.00 PM to 05.00 PM IST (including Q&A)
• Venue: Online
• Registration Link: https://forms.gle/ELRMuP14SBnP737v6
• Agenda To Be Covered:
• 1. Challenges being faced in Financial Reporting (e.g. Consolidation) and FP&A by fast growing and dynamic organizations
• 2. Are the available Business Intelligence, AI and ERP systems able to cater to the industry needs
• 3. What opportunities do the latest innovations in IT bring to the table to improvise the Financial Reporting and FP&A 4. Q&A Session
• CFO Club Admin Team
• What We Are Reading Today
• 1. The China malaise
• 2. AI’s Uneven Arrival
• 3. Data Update 2 for 2025: The Party Continues (for US Equities)!
• 4. Lessons from the “pain cave”: What marathoners can teach investors
• 5. Minimum Levels of Stress
• 6. Mismeasuring the market: Valuation indicators to ignore
• 7. Building a process culture
• 8. EMERGENCY EDITION: AI Diffusion Export Controls
• 9. The Unstructured Data Landscape
• 10. Why Skyscrapers Became Glass Boxes
• https://x.com/exencial_RP/status/1880907919346319514
• Amidst Consolidation in Nifty, Focus on Stock Specific Moves !!
• Check out the Market Outlook shared with Moneycontrol for the coming week
• - Nifty & Bank Nifty View,
• - Approach to markets during periods of consolidation,
• - View on Manappuram, CG Power, Hindalco & Siemens;
• - Top Picks
• https://x.com/Sudeep_Shah/status/1880992908611916040?t=tpEQGnw6nO4huhWi61IGLQ&s=19
• Do Like, Share & Repost if you like the Inputs !!
• Trump Rally is on :
• We have mentioned in our view last week 5650 is good support as it was opening of Trump Victory Rally in November.
• The Global CEOs & strategists are doing Flip Flops on Trump. Ths threats of Trump tariffs are there but He is pro business. More CEOs are positive on Trump than it was in 2017. Trump is looking for solutions and we have seen this vibe post his view on finding a solution for Tiktok ban.
• On the Global news, UK house prices are going for biggest rise in 20 months.
• China can Rally, keep an eye.... his view on Tiktok is quite positive for China.
• Dollar Index has seen recovery : Not a good sign.
• Domestic market. We remain buyer on all weakness.
• Many banks have posted numbers on the weekend. If some one is not aware about MFI dilemma than he would be living in Dilemma. Look for Kotak, RBL for 2 year view on any weakness.
• Buy Mahktech or Hangseng bees on China plays.
• Vaibhav Global can be one big beneficiary on US play.
• Amazing Value in both Sunteck & Mahindra life. Talk to Kunjal in our team for same.
• Many Consumer plays are available at attractive levels.
• Our view on Sbi life and HDFC life did well when people were busy in talking about restrictions. Sadly no voices now . This is beauty of Indian markets.
• Amazing numbers from SG Finserv; We believe this would be amazing play which is on growth path post clearance of NBFC issues.
• BEAT THE STREET BULLETIN
• Date: 20-Jan-2025
• *Telegram: [t.me/beatthestreet10]*
• NEW ORDERS & CONTRACTS
• - ADANIENSOL: AEML acquires 3,000 sq. m. land at Bandra Kurla Complex for a 220kV substation.
• - TD POWER: Wins ₹57 crore order from NPCIL for specialized motors for Kudankulam.
• - ASHAPURA MINECHEM: Signs MOU with China Railway for Fako bauxite project in Guinea.
• - SHIVA TEXYARN: Wins ₹9.06 crore order from Indian Airforce for NBC Haversacks.
• - Advait Infratech: Wins 40,000 solar pumps order under PM KUSUM-B.
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• OPERATIONS & PERFORMANCE UPDATES
• - Seshapaper: Q3 profit down 76%, revenue down 9%, EBITDA down 91%.
• - Mamata: Q2 profit up 144%, revenue down 5%, EBITDA down 71%.
• - Concord Enviro: Q3 profit up 28%, revenue up 66%, EBITDA up 18%.
• - ICICI Lombard: Q3 profit up 67.9%, gross premium down 0.3%, solvency ratio at 2.36x.
• - Kotak Bank: Q3 net profit up 10% YoY to ₹3,304 crore, NII up 10%.
• - Vardhman Acrylics: Q3 profit down 29%, revenue up 32%, EBITDA down 83%.
• - Sigachi Ind: Q3 profit up 34%, revenue up 26%, EBITDA up 47%, margins at 23.8%.
• - Chennai Petro: Q3 net profit of ₹10.46 crore, revenue up 9%, EBITDA down 64%.
• - Mangalam Global: Q3 profit up 118%, revenue down 6%, EBITDA up 95%.
• - NHC Foods: Q3 profit up 387%, revenue up 58%, EBITDA up 151%.
• - Netweb Tech: Q3 profit up 16%, revenue up 32%, EBITDA up 28%.
• - RBL Bank: Q3 operating profit up 10%, provision up 92%, net NPA down to 0.53%.
• - KSolves: Q3 profit up 12%, revenue up 8%, EBITDA up 7%.
• ---
• TECHNOLOGICAL ADVANCEMENTS & STRATEGIC PARTNERSHIPS
• - Jio-Blackrock JV: Senior leadership hiring underway, tech platform deployment progressing.
• - IOLCP: Receives EDQM Certification for Mesalazine, enabling exports to European countries.
• - TVS Motors: Partners with Hyundai Motor to explore last-mile mobility solutions.
• - Schaeffler: Showcases advanced mobility solutions at Bharat Mobility Global Expo 2025.
• ---
• LEADERSHIP CHANGES & APPOINTMENTS
• - 5Paisa: Appoints Gaurav Seth as Managing Director effective January 17, 2025.
• - CEInSystech: Appoints Rohan Singh as EVP - Strategic Initiatives.
• - Man Ind: Appoints Sandeep Kumar as CFO from January 18, 2025.
• - IndusInd Bank: CFO Gobind Jain resigns; Arun Khurana appointed as new CFO.
• - Sigachi Ind: Appoints Amit Raj Sinha as Chairman of the Board.
• - Purple Finance: CFO Sonal Vira resigns effective February 3, 2025.
• ---
• INCIDENTS & CLARIFICATIONS
• - CeWater: NCLT admits CIRP application against Rochem Separation Systems.
• - Motilal Oswal: Denies malicious allegations against MOAMC.
• - MGL: Receives GST order for ₹54.33 crore liability.
• ---
• NEW DEVELOPMENTS
• - Adaniensol: AEML acquires 3,000 sq. m. land at Bandra Kurla Complex for a 220kV substation.
• - Arvind: PAMI to build textile recycling plant in Gujarat, to produce 5,500 tons of rejuvenated fiber annually.
• - Zydus Life: Receives USFDA approval for Phase 2(b) trial of Usnoflast for ALS.
• - Glenmark Life: Rebrands to Alivus Life Sciences to strengthen global presence.
• - Banco Products: Subsidiary NRF opens new warehouse in Romania to enhance service quality.
• - Rox Hitech: Incorporates subsidiary in California to expand international presence.
• ---
• FUNDRAISING
• - Hitachi Energy: Board approves ₹4,200 crore fund-raising via equity.
• - Man Ind: Approves ₹300 crore fund-raising via equity shares.
• - IREDA: Board meet on January 23 to discuss fund raising via QIP.
• - Kaynes Tech: Board meet on January 22 to discuss fund raising via equity.
• ---
• EXPANSIONS & ACQUISITIONS
• - 5Paisa: Appoints Gaurav Seth as Managing Director effective January 17, 2025.
• - Dixon Tech: IsmartU to acquire assets from KHY Electronics for up to ₹133 crore.
• - GMR Airports: Senior management personnel, Ravi Shankar Pynda, resigns.
• - Arham Tech: Proposes ₹16.5 crore EV plant in Chhattisgarh, creating 40 jobs.
• - RBL Bank: Q3 NIMs at 4.90%, down from 5.04% QoQ.
• ---
• INDUSTRY NEWS
• - IMF: Global growth forecast raised to 3.3% for 2025, US growth forecast up to 2.7%.
• - Sugar Stocks: Govt to allow export of 10 lakh metric tonnes of sugar.
• ---
• Stay updated with Beat the Street
• NOMURA ON KOTAK BANK
• Buy, CUTS TARGET PRICE TO 2110 FROM 2170
• Healthy performance in a tough macro environment
• KMB reported 3QFY25 standalone PAT of INR33bn (+10% y-y), in line with our estimate, with RoA at 2.1% (vs 2.2% in 2Q).
• Core PPOP (+9% y-y) was in line with our estimate, as softer fees (+5% y-y) were offset by softer opex (+8% y-y vs our estimate of 13% y-y).
• Importantly, asset quality was stable
• Both loan and deposit growth were healthy in 3Q, growing 15% y-y and 16% y-y, respectively, in a tough macro environment, which is encouraging.
• NIM was largely stable q-q at 4.9% (8bp ahead of our estimate) Slippages in personal loans moderated, credit cards plateaued while microfinance trended upward.
• We expect the resolution of RBI’s embargo to remain a key monitorable in the near term, and progress here is tracking well, according to management.
• We cut our FY25-27F EPS by 1-3%, mainly as we build in a 15% loan CAGR vs 17% previously.
• We find the current valuation for the core bank attractive at 1.6x FY26F BVPS.
• DAM ON KOTAK BANK
• UPGRADE TO BUY FROM NEUTRAL , TARGET PRICE MAINTAINED AT 2020
• KMB posted much better operating internals
• Business growth continuing to be robust
• Lower slippages this quarter and very strong opex efficiency despite RBI embargo in place.
• Bank retained a fact that it has made significant progress to resolve the tech & card issuance embargo, although when could it be lifted by RBI is unknown.
• We tweak our opex estimates lower for FY25 which has broadly provided delta to FY26E/FY27E earnings by 1%-2%
• GOLDMAN SACS ON Q3 RESULT
• Beats have been scarce so far
• Of the 12 MSCI India companies that have reported results so far, only 2 have beaten consensus bottom-line estimates
• Results were mixed across IT and Financials
• On an average, companies that reported weak numbers were down 2%, while companies that reported strong numbers were up 4%
• Heavy earnings calendar next week with 40 MSCI India cos. (30% index cap) likely to report
• ANAND RATHI ON KOTAK BANK
• Upgrade to BUY from HOLD,
• Targer Price raised to Rs2010 vs Rs1950
• Anand Rathi highlights Kotak Mahindra Bank's strong performance in a challenging quarter, with 4.1% QoQ core PPOP growth driven by healthy loan growth and stable asset quality.
• The bank's faster loan growth and improved operating efficiencies are expected to deliver a 2.2% RoA over FY25-27.
• The asset quality outlook is brighter, and an external auditor has been appointed to address the RBI embargo, with updates being provided.
• While personal loan and credit-card delinquencies are stable, microcredit delinquencies have not peaked.
• Credit costs are expected to remain stable at 0.6% of advances over FY25-27.
• NIRMAL BANG ON RBL BANK
• Downgrade to SELL from HOLD,
• Cuts Target Price Rs144 from Rs172 earlier
• Nirmal Bang reports RBL Bank's higher provisioning led to a PBT loss, with gross slippages increasing QoQ.
• Loan CAGR is estimated at 11.8% over FY24-27E, and credit cost at 2.9%.
• PAT estimates are cut by 39.6%, 20.4%, and 11.7% for FY25E, FY26E, and FY27E, respectively.
• RBL Bank is now valued at 0.5x Dec'26E ABV, a 41.7% discount to its 5-year P/ABV mean.
• Stock pressure is expected due to growth moderation and asset quality issues in microfinance and credit cards, despite increased provisioning coverage.
• Elevated credit costs are anticipated due to unsecured segment stress.
• WIPRO; NOMURA ON WIPRO
• Maintain Buy, target price ₹340
• EPS upgrade of 2-5% for FY25-27F
• Q3FY25 beat across all parameters, especially margins
• Revised capital allocation policy to return 70% of net income to shareholders from the existing 45-50% in blocks of three years
• Management sees continued strength in the Americas business
• INDHOTEL; JEFFERIES ON INDIAN HOTEL
• Maintain Buy, target price ₹1,000
• EBITDA numbers in line with a slight beat vs consensus
• Domestic RevPar growth at 13% YoY, international at 9% YoY
• Guidance suggests demand buoyancy for Q4FY25 and FY26
• Strong demand expected due to large-scale events, regional weddings, and transient travel
• Taj Sats revenue up 18% YoY, new business revenue up 40% YoY
• RBLBANK; EMKAY ON RBL BANK
• MAINTAIN BUY TARGET:225
• Clean Up Act In Q3; To Continue In Q4
• Trim FY25/26/27 Earnings By 33%/12%/7%, Building In Slawer Growth/Higher LLP
• Stress In The Card Portfolio Due To Breakup From Bajaj Finance
• Valuations Remain Inexpensive At 0.5x Dec-26 ABV
• Recommend Co For Investors Ready To Trade Near-term Pain For Long- Term Gain
• KOTAKBANK; ANAND RATHI ON KOТАК МАН BANK
• MAINTAIN BUY TARGET: 2,010
• Stand Out Redarmangeln A Tough Quarter
• Healthy Loan Growth & Stable Asset Quality LTo 4.1% QoQ Core POOP Growth
• Faster Loan Growth & Grester Operating Efficiencies Would Drive 22 Rok Over FY25-27
• Management Believes That Personal Loan And Credit-Card Delinquencies Are Now Stable
• Microcredit Delinquencies Have Not Yet Peaked
• Squeaky-Clean Franchisee Will Keep Credit Cost Stable Over FY25-27 At 06% OF Advances
• TECHM; MS ON TECH MAHINDRA
• MAINTAIN EQUAL-WEIGHT TARGET: 1,750
• Recent Correction Offers A Favorable Long-term Risk Reward
• Co Has Delivered Steady Long Cycle Growth Through Diversification
• Pan-India Presence Alongside Diversified Product Suite To Deliver Steady Earnings Compounding
• Est A 26% FY25-27 EPS CAGR Against Which The Valuations At 19x FY26 P/E Appear Reasonable
• RESULTS THIS WEEK
• Jan 20-MONDAY
• Zomato-Commentary on growth of Blinkit, Revenue likely to grow on store additions
• Paytm-Loss likely to widen YoY basis, focus on new business verticals
• Jan 21-TUESDAY
• Sun Pharma-Strong numbers likely to continue from US markets
• Jan 22-WEDNESDAY
• HDFC Bank-Asset quality to remain strong
• HUL- EBITDA margins likely to decline mainly owing to higher RM
• Indus Tower-Debt recovery from Vodafone Idea
• Jan 23-THURSDAY
• Ultratech Cement- Volumes are likely to rise ~6% YoY/Overall, EBITDA/t may fall 22% to Rs 926 (YoY)
• Dr. Reddy's Labs- Anticipate flat growth in US sales QoQ, with stable gRevlimid sales factored in.
• Jan 24-FRIDAY
• JSW Steel-Lower steel prices to impact numbers/Commentary on steel price trend, capex crucial
• Jan 25-SATURDAY
• ICICI Bank-Asset quality expected to remain strong, Loan book growth outpaces industry
• Adani Energy: In Q3 FY25 (October-December 2024), AESL secured two transmission projects worth Rs 28,455 crore in Rajasthan, including the Rs 25,000 crore Bhadla-Fatehpur HVDC project, its largest order to date, Jefferies reported.
• Order book grows to Rs 54,700 cr
• INDIAN HOTEL Q4 OUTLOOK
• CO. SAYS STRONG GROWTH OUTLOOK FOR Q4 , ON TRACK TO DELIVER GUIDANCE OF DOUBLE DIGIT REVENUE GROWTH
• Large scale Events & Concerts facilitated by convention centres
• Continued momentum of Domestic tourism backed by Infrastructure development
• Indian wedding season continues in Q4 with higher wedding dates
• Peak travel season for spiritual destinations like Prayagraj, Varanasi, Tirupati
• 30% Foreign Tourist concentrated in Q4 with favourable weather conditions
• Key Sports Events in Q4 ; IPL , Woman Premier League , Hockey India Leage , 38 National Games Uttarakhand, World Pickball Championship
• TECHM : NOMURA ON TECH MAHINDRA
• Maintain Buy, target price ₹1,900
• Steady progress towards medium-term goals
• Q3FY25 beat on all parameters
• Revise FY25-27 EPS by 0-2%
• Expect $ revenue growth of 0.9-9.2% YoY and EBIT margins of 9.3-13.2% in FY25-27
• Further deterioration in discretionary demand unlikely
• ASHOK LEYLAND Management Says The sentiment is improving as government's focus is on capex- CNBCTV18
• Q2 & Q3 were sluggish : hope Q4 to be flattish
• There are many infrastructure ecosystem level issues that are yet to be sorted out
• Our capex is normally between Rs 500- 800 cr; will stay within that range
• CAN FIN Says e-Khaata impacted business in Q3FY25 but the issue is improving lately- CNBCTV18
• Disbursal may be close to Rs 9,000 cr for FY25 : on the upper end
• Target Rs 12,000 cr of disbursals in FY26
• Expect AUM growth of 15% in FY26
• DIGIKORE : Digikore Studios Limited s I Made a Song Hits Revenue Milestone: Now Averaging ₹70,000 Daily revenue in Just One Month Pioneering AI Music Platform Sets the Stage for Explosive Growth
• DIGIKORE : Co. says This extraordinary accomplishment highlights the platform’s vast potential to generate substantial revenue for Digikore Studios within the next 3 to 6 months.
• ICICI LOMBARD Says 'Combined ratio should move down to levels around 101.50'
• KAUSHALYA LOGISTICS: Kaushalya Logistics Limited Expands Footprint With Adani Cement Under CCFA Model
• Kaushalya Logistics launched its first CCFA depot in Sarai for ACC (Adani Group), aiming for 3 lakh MT of cement monthly.
• More depots under this model are set to start this month, driving growth.
• IREDA Chairman Says There is good growth in the sector - CNBCTV18
• There are many projects in the pipeline
• 20% of the book is from new and emerging space
• Will continue the growth momentum in the coming years as well
• The company is looking at three sources of funding: QIP, Bond market, and Bank loans
• QIP is being done to maintain healthy CRAR and further fund raising
• Despite challenges in Solar, growth in the sector will continue
• Measures are being taken for resolution of waste-to- energy NPA project
• ICICI LOMBARD Says market is expected to remain competitive - CNBCTV18
• Pricing discipline seems to be looking up from January 1, 2025
• The premium trajectory for the commercial business looks promising
• Combined ratio should keep moving down along our guided glide path
• We expect the combined ratio to come down to 101.5
• PAYTM Q3 : NET LOSS AT 210 CR V 220 CR LOSS YOY
• REVENUE AT 1828 Cr V 2850 CR
• PAYTM Q3 : EBITDA LOSS AT 223 CR V 161 CR LOSS YOY
• GLOBUS SPIRITS : Ministry of Consumer Consumer Affairs, Food & Public Distribution has notified a reduction of price for rice for supply to ethanol distilleries from Rs 28 per Kg to Rs 22.50 per Kg vide their notice dated 17th January’2025.
• https://t.me/BeatTheStreet10
• AJOONI BIO : Appointed 300+ dealers and distributors in PAN India
• AJOONI BIO : The company has entered the B2C market, expanding its reach to individual consumers.
• This move aims to boost revenue, market share, and partner services while offering a broader product range.
• INDIAN HOTEL CEO Says We expect the flight kitchen business to grow by over 15%
• Hotels business is expected to grow by over 12%
• We are seeking 'infra' status for the hotel sector in the upcoming central budget
• We are requesting 'industry' status for the hotel sector from state governments
• We do not expect significant changes in demand conditions
• Advait infratech
• 40000 solar pumps Order Won
• TikTok Goes Dark in US as National Ban Takes Effect ,disappears from Apple, Google app stores
• Motial Oswal: Clarification
• Co. says We strongly deny the baseless, malicious allegations against MOAMC and its officials.
• These are deliberate attempts to tarnish our decades-long reputation for ethics and transparency.
• Sugar Stocks: India to allow export of 10 lakh metric tonnes of sugar: Govt sources - CNBCTV18.
• MGL: Company received an order from Joint Commissioner CGST, confirming GST liability of ₹54.33 crore, plus interest and 100% penalty under Section 74(1) of the CGST Act, for July 2017–March 2022.
• BYD Targets ₹25-45 Lakh EVs in India, Explores Affordable Segments - BS
• GMR AIRPORTS: Mr. Ravi Shankar Pynda, Head of the Shared Service Centre and Senior Management Personnel, resigned from the company effective January 18, 2025, citing new assignments and professional commitments.
• PURPLE FINANCE: Company inform that Ms. Sonal Vira, Chief Financial Officer of Purple Finance Limited has tendered her resignation from the post of the Chief Financial Officer of the Company with effect from 03rd February, 2025.
• ROX HITECH: Incorporation of subsidiary company at California with effect from January 17, 2025.
• The subsidiary will leverage the growth opportunities in the international market and act as an overseas arm of the company to avail the maximum benefit of the opportunities and resources available.
• KSOLVES Q3 : CONS. NET PROFIT UP 12% AT 10.31 CR (QOQ) , UP 15 % (YOY)
• REVENUE UP 8 % AT 37.7 CR (QOQ) , UP 33 % (YOY)
• EBITDA UP 7 % AT 14.07 CR (QOQ) ,UP 17 % (YOY)
• MARGINS AT 37.3 % V 37.9 % (QOQ) , 42.4 % (YOY)
• KSOLVES : FIXES 6 FEB AS RECORD DATE FOR STOCK SPLIT
• AB CAPITAL: Housing finance subsidiary reported numbers - ETNOW
• NII/ PBT was up 6% QoQ – largely inline
• Credit cost lower QoQ at Rs 11 cr Vs Rs 13 cr
• Gross Stage 3/Net Stage 3 improved significantly to 0.99%/0.60% down 31/17 bps QoQ
• BIG WEEK COMING UP !
• -> Trump's inauguration is tomorrow, at 10 PM, with a swearing-in ceremony by 10.30 PM
• -> US equity, bond markets closed tomorrow, but futures markets will be on headline watch
• -> Not a lot of US data this week, Fed in black-out
• -> BoJ should hike 25 bps, though its decision will hinge on any imposed or potential Trump policies
• SPANDANA SPHOORTY: LARGE TRADE NSE
• PADMAJA GANGIREDDY SOLD 3,96,399 SHARES ( 0.55 % STAKE ) @ ₹ 357.20
• SPACENET ENT: LARGE TRADE NSE
• MOTILAL OSWAL FINVEST LIMITED SOLD 64.99 LKH SHARES ( 1.15 % STAKE ) @ ₹ 7.32/SHARE