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 17, 2025

• Dheeraj Kumar Lohia has made a significant investment in Mitsu Chem Plast Limited, acquiring a 1.01% stake
• Mitsu Chem Plast Limited is a leading player in the plastic manufacturing industry, specializing in innovative Blow Molded and Injection Molded products. Known for its sustainability initiatives and robust financial performance.
• Dheeraj Kumar Lohia is a prominent Indian investor known for his strategic investments and significant presence in the stock market. His portfolio, comprising various high-potential stocks, reflects his expertise in identifying lucrative opportunities and achieving substantial returns.
• Infosys Delivers Big!
• India's 2nd largest IT player raises revenue guidance again!
• Profit climbs, Margins improve, and Deals hit $2.5 bn
• Explore other key metrics here: https://blog.liquide.life/infosys-q3-fy25-results-analysis/
• Bernstein On Infosys
• Outperform Call, Target At `2,330/Sh
• Co Delivered Another All Round Beat Across Revenue, Margin & Earning In Q3
• FY25 Revenue Growth Guide Was Raised By 60 bps To 4.5-5% YoY CC Ahead Of Street Estimates
• Deal Momentum Was Healthy At $2.5 Bn TCV With ‘Netnew’ At Nearly 60%
• Continue To See Upcycle In Large Cap IT Services With Co Delivering Best Earnings Of Season
• Q3 Results Are Driven By Discretionary Recovery
• MS On Infosys
• Overweight Call, Target At `2,150/Sh
• Improving Deal Wins, Constructive Commentary On Discretionary Spending Drove Revenue Growth
• Net Headcount Addition Drives View Of Reasonable Acceleration In Revenue Growth
• Stock Should See Support Around Its Five-year Average Two-year Forward FCF Multiple (24.2x)
• Free Cash Flow To Net Income Was One Of Strongest In Last Several Years
• Jefferies On Infosys
• Buy Call, Target At `2,250/Sh
• Q3 Beat Estimates With Strong Revenue Growth Being Key Positive Surprise
• FY25 Growth Guidance Raised To Factor The Q3 Beat, Though Ask Rate For Q4 Remains Same
• Strong Deal Wins, Improving Discretionary Spending Environment Bodes Well For Growth
• Raise Est By 2-3% & Expect Co To Deliver 11% EPS CAGR Over FY25-27
• HSBC On Infosys
• Buy Call, Target `2,120 /sh
• Reported A Decent Q3; Both In Terms Of Revenue Growth & Margin Performance
• Outlook Commentary Was Positive, Especially Green Shoots In Europe Banking & US Retail Biz
• Sustainability Of Pass-Through Revenues In FY26 Remains Uncertain
• Nomura On Infosys
• Buy Call, Target `2,220/sh
• Q3 Was An All-Round Beat, Another Guidance Lift For FY25
• Project Maximus’ Impact On Margin Continues To Play Out
• Reiterate As Top Pick In Large Cap India IT Service
• Optiemus partners Taiwan-based KunWay Technology to Drive Drone Manufacturing Localization in India
• US PPI YOY ACTUAL 3.3% (FORECAST 3.5%, PREVIOUS 3.0%)
• US CORE PPI MOM ACTUAL 0% (FORECAST 0.3%, PREVIOUS 0.2%)
• US PPI MOM ACTUAL 0.2% (FORECAST 0.4%, PREVIOUS 0.4%)
• US CORE PPI YOY ACTUAL 3.5% (FORECAST 3.8%, PREVIOUS 3.4%)
• MCX : Dr. Rajendran Narayanan has decided to step down as Chief Digital Officer of the Exchange (Key Managerial Personnel).
• 24 of 36 bond strategists predict U.S. 10-year Treasury yield will exceed 5% this year. - REUTERS POLL
• Morepen lab : Approved transfer of Medical Devices Business to subsidiary Morepen Medtech on a slump sale basis.
• Morepen Medtech Limited incorporated to carry on the business of medical devices.
• Medical Biz Turnover Of Rs 442 Cr In FY24 , Contributing 26.19 % Of Total Turnover with 10.88 % Net Worth of Co.
• Slump sale of Medical Devices Business to be completed by September 30, 2025.
• NETWORK 18 HIGHLIGHTS
• News business operating revenue up 2% at ₹478 cr vs 469 cr (YoY)
• News business operating EBITDA down 47% at 12 cr vs 22 cr (YoY)
• Operating EBITDA margin 2% vs 5% (YoY)
• News business revenue grew marginally as advertising environment continued to be lukewarm
• Cons demand did not witness a pickup during festive period, resulting in brands holding back on ad spends
• Advertising volumes for the TV news industry saw a marginal uptick on a QoQ basis but declined 11% YoY
• Digital segment continued to see growth in advertising revenue, though on a lower base
• Operating expense grew 4% YoY during the quarter, leading to a lower EBITDA
• US REDBOOK YOY ACTUAL 4.0% ( PREVIOUS 6.8%)
• SIS LTD : Company invested ₹70 lakhs in Agarsha via rights issue, acquiring 43,868 CCPS at ₹158.33 each.
• Post investment, SIS will have a total shareholding of approximately 4 % in Agarsha.
• Adarsha Turnover
• FY24 – INR. 53.68 crores
• FY23 – INR. 27.5 crores
• FY22 – INR. 17.1 crores
• INTERNATIONAL CONVEYORS : CO. BOUGHT 0.08 % STAKE IN CARE RATING AT RS 1240/SHARE WORTH RS 3.14 CR
• SULA VINEYARD Q3 BIZ UPDATE
• Q3 Revenue Down 0.7 % To 217 Cr YOY
• Own Brand Revenue Up 1 % To Rs 194 Cr ( YOY) ,Highest ever Own Brands revenue in Q3 FY25
• WINE Tourism Up 11.5 % To 16.4 Cr YOY
• Co. says The Elite & Premium portfolio saw 6% YoY growth, driven by strong performances from The Source and RASA.
• The wine tourism business achieved its highest-ever Q3 revenue, supported by increased guest spend and high occupancy.
• SulaFest is expected to return in Q4 with strong advance ticket sales, featuring top Indian artists and the debut of Sula cans at the festival.
• GUFIC BIO : Board has approved the appointment of Dr. Kathiresan Rajasekar as President – International Business, Senior Management Personnel of the Company with effect from January 14, 2025.
• KALYAN JEWELLERS Q3 RESULT: 30 JAN
• INTERNATIONAL CONVEYOR : CO. BOUGHT 0.05 % STAKE TODAY VIA OPEN MARKET OF STERLING & WILSON SOLAR FOR RS 5.84 Cr AT RS 420.57/SHARE
• Fitch Ratings: Global corporate sales growth to be limited by slow European recovery.
• HOME FIRST : TODAY'S LARGE TRADE
• NORWAY PENSION FUND SOLD 7.50 LKH SHARES ( 0.83 % STAKE) @ ₹ 1,023.28/SHARE
• ADANI WILMAR : IIFL Says Post OFS, Adani Wilmar will see an ad-hoc weight up across FTSE India indices
• The adjustment will take place tomorrow January 15, 2025
• Inflows of around $18 million expected, i.e., 1.5x its average daily volumes
• DHANI : The "Indiabulls Estate & Club-I" residential project in Sector 104, Gurugram, located on the Dwarka Expressway, has launched on January 14, 2025.
• Registered with the Haryana Real Estate Regulatory Authority (registration No. 124 of 2024), the project includes three towers with 387 units and a modern club/cafe. It offers 3-bedroom, 4-bedroom, and penthouse apartments, rising over 44 storeys.
• Bookings have started from January 14, 2025.
• TEXTILE STOCKS : Sources say, the upcoming Union Budget is expected to focus on the textiles sector, with a likely increase in the PLI scheme's allocation
• Budgetary allocations could be hiked by 15-20%
• Govt May Introduce Incentive-Based Scheme
• Budgetary Allocation May Be Hiked To -₹5,200 Cr
• Govt To Leverage Opportunities From Bangladesh Unrest - ETNOW
• Franklin Templeton expects Federal Reserve to Cut Rates Once or Twice in 2025
• Franklin Templeton expects Federal Reserve to Cut Rates Once or Twice in 2025
• META PLANS TO REDUCE 5% OF ITS LOWEST PERFORMING EMPLOYEES, ACCORDING TO MEMO.
• Fed's Schmid: New policies will have significant time lags.
• SUDARSHAN CHEMICALS : Sudarshan Europe B.V., Wholly Owned Subsidiary of the Company, has acquired an entity incorporated in Germany, named “Blitz F24-526 GmbH”.
• The newly acquired Company would operate in the Pigment Industry.
• WELSPUN CORP : Update On signing of MOU for setting up of the 350 KMTPA greenfield LSAW pipe facility in KSA
• Saudi Aramco and Welspun Corp Ltd. signed an MOU of Strategic Cooperation to establish a state-of the-art LSAW Line Pipe manufacturing capacity in the Kingdom of Saudi Arabia, at the ongoing Aramco IKTVA Forum & Exhibition 2025.
• The production capacity of this plant will be 350,000 MT/Annum.
• Welspun Corp's proposed LSAW pipe facility in Dammam, KSA, will serve Saudi Aramco's future oil, gas, hydrogen, and CCUS needs, starting mid-2026.
• PREMIER ENERGIES: WINS RS 1460 CR ORDER
• Premier Energies' subsidiaries Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, Premier Energies Photovoltaic Private Limited have secured orders worth INR 1460 Crore from 2 large Independent Power Producers (IPP) and others., including INR 1041 Crore for solar modules and INR 419 Crore for solar cells, with supply starting in May 2025.
• NARCL EMERGES AS THE SINGLE SUITOR TO ACQUIRE JAIPRAKASH ASSOCIATES (JAL) LOANS FROM ITS LENDERS: SOURCES - CNBCTV18
• No Suitors Put Bids For Jaiprakash Associates Under The Swiss Challenge Auction Today
• NARCL's ₹12k cr Offer For JAL Loans Was Set As Reserve Price For Auction
• With No Other Suitors, Lenders To Now Consider NARCL's ₹12k Cr Offer
• Bks To Now Seek Individual Bd/Committee Approvals For Sale Of JAL Loan To NARCL
• NARCL's Offer Of 12k Cr Involves 15% Upfront Cash Payment & 85% In The Form Of Security Receipts
• Alert: IDBI Cap Conducted An Auction For The Sale Of JAL Loans On Behalf Of SBI Led Consortium Today
• Alert: Jaiprakash Associates Has Admitted Claims Of ₹52,073.79 Cr Under IBC
• JSW STEEL : Delhi court discharges JSW Steel Ltd in corruption case
• Delhi HC approved JSW's takeover of Monnet Ispat under the Insolvency and Bankruptcy Code.
• REC : Appointment of Shri Chandra Sekhar Sakhamuri, IAS as Executive Director of the Company
• Indo Thai securities~ announced raising funds worth 115 crs valuing company at 650 Crs (500 per share)
• current mkt valuation is at~2000 Crs (2000 per share)
• RELIANCE: RIL has approved the acquisition of 100% of Lakadia B Power Transmission Limited (LPTL) from REC Power Development and Consultancy Limited for up to Rs. 8 crore.
• Following the acquisition, LPTL will become a wholly owned subsidiary of the Company.
• LPTL, incorporated on October 29, 2024, aims to set up the Project at Lakadia Substation and has not yet started commercial operations. The investment will support the Company’s involvement in developing transmission infrastructure in India.
• The transaction is expected to be completed by end of March 2025.
• ABFRL: CO. LAUNCHED QIP FOR FUND RAISING, FIXES FLOOR PRICE @ ₹ 271.28/SHARE
• RELIANCE: RIL has approved the acquisition of 100% of Lakadia B Power Transmission Limited (LPTL) from REC Power Development and Consultancy Limited for up to Rs. 8 crore.
• Following the acquisition, LPTL will become a wholly owned subsidiary of the Company.
• LPTL, incorporated on October 29, 2024, aims to set up the Project at Lakadia Substation and has not yet started commercial operations. The investment will support the Company’s involvement in developing transmission infrastructure in India.
• The transaction is expected to be completed by end of March 2025.
• TCIEXP: Mr. Hemant Srivastava, COO-Express Business (Surface) and KMP, resigned from the Company on January 16, 2025, citing health issues and personal concerns.
• LEMONTREE: Lemon Tree Hotels sighs a new property in Gujarat , expected to open in FY 2029
• RELIANCE: RIL Board has approved the acquisition of 100% equity stake in Reliance New Energy Battery Limited (RNEBL) from Reliance New Energy Limited for Rs. 1 lakh.
• RNEBL, incorporated on January 1, 2025, aims to manufacture battery cells and energy storage systems but has not yet started commercial operations.
• Following the acquisition, RNEBL will become a direct wholly owned subsidiary of RIL.
• ZAGGLE: WINS ORDER
• Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with HT Media Limited.
• Zaggle would provide HT Media Limited the Zaggle Save (Employee expense management & benefits)
• RBM INFRACOM: RBM has taken over the ONGC Nandej Oil Field Contract effective January 17, 2025, ahead of schedule. Awarded in September 2024, the 15-year contract (worth ₹33,498 crore) covers crude oil and gas extraction, with potential for a 5-year extension.
• Revenues will be reflected in RBM's financials as operations progress.
• JUBILANT PHARMA
• Jubilant Cadista’s Salisbury facility was inspected by the USFDA, resulting in 5 observations with no repeats.
• The company will submit an action plan within the stipulated time.
• Going forward the said facility is not expected to manufacture any products as it has closed manufacturing operations as was referenced in the previous disclosure dated April 18, 2024.
• BEAT THE STREET BULLETIN
• *Date: 17-Jan-2025*
• TG: [https://t.me/BeatTheStreet10]
• NEW ORDERS & CONTRACTS
• - BAJAJ HEALTHCARE LIMITED: Secured a contract for manufacturing, marketing, and selling Magnesium L Threonate (Magtein®) in India, a brand valued at approximately USD 438 million by Threotech LLC.
• - PFC (Power Finance Corporation): Transferred two of its transmission arms to PowerGrid and GRInfra Projects for a total of ₹124.63 crore. Gadag II and Koppa! II transmission worth ₹13.23 crore transferred to PowerGrid, while Bijapur Rez Transmission was transferred to GR Infraprojects for ₹111.40 crore.
• - IREDA: Initiated a Joint Venture Agreement for the Karnali Hydro-Electric Power Project in Nepal, with IREDA investing 5% equity, totaling an estimated ₹174.22 crore.
• - KPIGREEN: Progress update on the GUVNL 50 MW Hybrid Project, aiming to exceed expectations with an accelerated project completion, expanding operational capacity from 171 MWp to 503 MWp.
• - ENVIROTECH: Received an export order worth ₹2.79 crore from Saint-Gobain Glass, Egypt, to supply and install acoustic enclosures.
• - RELIANCE: Approved the acquisition of 100% of Lakadia B Power Transmission Limited (LPTL) for ₹8 crore, which will become a wholly owned subsidiary, supporting transmission infrastructure development.
• - ZAGGLE: Entered an agreement with HT Media Limited to provide employee expense management and benefits via the Zaggle Save platform.
• - RBM INFRACOM: Took over the ONGC Nandej Oil Field Contract worth ₹33,498 crore, effective from January 17, 2025.
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• OPERATIONS & PERFORMANCE UPDATES
• - RELIANCE:
• - Q3 consolidated net profit up 7% YoY to ₹18,540 crore and 12% QoQ.
• - Revenue increased by 7% YoY to ₹2.39 lakh crore.
• - EBITDA rose by 8% YoY to ₹44,789 crore.
• - Margins stood at 18.25%, showing growth YoY and QoQ.
• - RELIANCE JIO:
• - Net profit increased by 5% QoQ to ₹6,861 crore.
• - Revenue grew by 4% QoQ to ₹33,074 crore.
• - EBITDA rose by 4% QoQ to ₹16,585 crore.
• - Margins at 50.1%, slightly down from 50.2% QoQ.
• - SHAREINDIA: Approved a proposal to enter the Portfolio Management Services (PMS) business, subject to SEBI approval, enhancing retail market penetration and adding a new revenue stream.
• - TCIEXP: COO of Express Business, Hemant Srivastava, resigned due to health and personal reasons on January 16, 2025.
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• LEADERSHIP CHANGES & APPOINTMENTS
• - SATIN:
• - Resignation of Mr. Bhuvnesh Khanna, Whole-Time Director and CEO, effective January 16, 2025.
• - Appointment of Mr. Dhiraj Jha as CEO of SFL, following his resignation as Chief Risk Officer.
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• EXPANSIONS & ACQUISITIONS
• - TVS MOTOR: Entered Morocco, expanding its footprint in Africa, launching the TVS Ntorq 125, Raider 125, and Apache 160 & 200.
• - RELIANCE: Acquired a 100% equity stake in Reliance New Energy Battery Limited (RNEBL) for ₹1 lakh, focusing on battery cell and energy storage system manufacturing.
• - LEMONTREE: Signed a new property deal in Gujarat, expected to open in FY 2029.
• - ABFRL: Launched a Qualified Institutional Placement (QIP) for fund raising, setting a floor price at ₹271.28/share.
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• OTHER UPDATES
• - CYIENT: Incorporated Cyient Semiconductors Europe Private Limited in the UK as a step-down subsidiary.
• - BLUE PEBBLE: Incorporated a new subsidiary, Blue Pebble Digital Pvt Ltd, to offer advertisement and branding services.
• - GIRNAR SPINTEX: Scheduled a board meeting on January 22, 2025, to approve the purchase of the fabric business of Mahaalaxmi Texpro Limited (related party).
• - RELIANCE: Completed an acquisition of 100% of Lakadia B Power Transmission Limited (LPTL), further solidifying its position in transmission infrastructure.
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• Stay Updated With Beat The Street
• Citi on RIL (post results)
• Buy Call, Target Rs 1530
• After subdued performance in recent quarters, Reliance delivered a strong beat in 3QFY25, with the rebound in Retail performance being the key highlight, followed by better O2C performance. 3Q consol.
• EBITDA at Rs438 bn was up 12% qoq (5% ahead).
• Retail revenue/EBITDA growth rebounded to 7%/9% yoy (vs. -4%/1% in 2Q), which was 14%/12% ahead of our estimates.
• O2C EBITDA rose 16% qoq (7% ahead).
• Jio performance was slightly (2%) below estimates.
• Net debt (flat qoq) and capex (-5% qoq) were largely stable. Overall, we are enthused by the strong performance in 3Q, esp.
• in Retail – softness in this segment has been a key drag on stock performance and investor sentiment, which we believe should now reverse.
• JM Financials on RIL (post results)
• Buy Call, Target Rs 1660
• RIL’s consolidated 3QFY25 EBITDA was 4% above JMFe and 5% above consensus at INR 438bn (up 12.1% QoQ and up 7.7% YoY) due to beat in Retail, O2C & E&P business EBITDA, while Digital EBITDA was a tad lower.
• Retail business EBITDA was 10% above JMFe at INR 68.4bn (up 9.1% YoY) led by 8.8% YoY revenue growth driven by festive buying and the wedding season, after weak growth in the last 3 quarters.
• O2C business EBITDA, at INR 144bn, was 5% above JMFe due to better-than-expected GRMs (implied ~USD 9.4/bbl) though petchem margin continued to be weak.
• E&P segment EBITDA was also 5% above JMFe at INR 55.7bn. However, Digital EBITDA was 1.5% lower than JMFe at INR 166.4bn on slightly lower ARPU (at INR 203.3 vs. JMFe of INR 204) and slightly higher opex though net subscriber (subs) addition was at 3.3mn (vs. JMFe of 1.5mn loss), suggesting end of the consolidation trend witnessed in 2QFY25. Capex was a tad lower QoQ at INR 323bn in 3QFY25 (vs. INR 340bn in 2QFY25); net debt also declined slightly, by INR 9.7bn QoQ to INR 1,155bn at end-3QFY25.
• We reiterate BUY on RIL (TP of INR 1,660) as the stock is near our bear-case valuation, we expect net debt to decline gradually, and also because RIL has industry leading capabilities across businesses to drive robust 14-15% EPS CAGR over the next 3-5 years.
• HAVELLS; UBS ON HAVELLS
• MAINTAIN BUY TARGET : ₹2,145
• Weak B2C margins reflect slower consumer demand recovery
• Potential pricing impact could lead to earnings downgrades
• Positive outlook for KEI and Polycab from 250bps QoQ margin gain in cables
• AXISBANK; AXIS BANK Q3 HIGHLIGHTS
• Slippages up 22 % To 5432 Cr QOQ, Highest in 13 Quarters
• Write off Down 7% To 1915 cr QOQ
• Cost of funds At 5.46 % V 5.45 % QOQ
• NIMS At 3.93 % V 3.99 % QOQ, 10 Quarters low
• ROA At 1.64% vs 1.84%QOQ , 7 Quarters low
• ROE At 15.4% vs 17.6% QOQ , 7 Quarters Low
• Credit Cost At 1.28 % V 0.90 % QOQ
• AADHARHFC; CITI ON AADHAR FINANCING
• INITIATE BUY TARGET PRICE :₹565
• Consistent AUM growth at >16% CAGR over 4-6 years
• Strong scale with granular, diversified distribution
• Enhanced tech stack boosts productivity and analytics
• Expected 22% PAT growth in FY24-27E and RoE scaling to 16.5%
• Risks include promoter dilution and rising informal self-employed borrower share
• AXISBANK; AXIS BANK Q3 CONCALL
• Current environment is difficult with liquidity deficit and other macro factors
• Expecting industry to slowdown, unless macro environment changes
• Could see some moderation in numbers for Axis Bank as well
• Preserving quality of franchise is important
• If and when macro environment improves, Axis will do much better than peers
• Have calibrated balance sheet to satisfy with regulatory requirement, hence comfortable with the current LDR levels
• Maintaining cost of funds, quality of deposit and making sure that we do not have volatile deposits is a key
• Creating right book, chasing right assets is a key
• LTIM; MACQUARIE ON LTI-MINDTREE
• MAINTAIN OUTPERFORM TARGET PRICE : ₹7,100
• Record deals with broad-based client growth
• Productivity benefits impacted top Hi-Tech customer
• EBIT margin declined 170bps QoQ due to wage hikes
• Management expects CY25E to outperform CY24 with improving demand
• INFY; MS ON INFOSYS
• MAINTAIN OVERWEIGHT TARGET: 2,150
• Improving Deal Wins, Constructive Commentary On Discretionary Spending Drove Revenue Growth
• Net Headcount Addition Drives View Of Reasonable Acceleration In Revenue Growth
• Stock Should See Support Around Its Five- year Average Two-year Forward FCF Multiple (24.2x)
• Free Cash Flow To Net Income Was One Of Strongest In Last Several Years
• INDUSTOWER; CLSA on Indus Tower
• Upgrade to High Conviction O-P, TP Rs 575
• Indus Tower recently received further Rs19bn payment from VIdea for past dues
• Indus’s overdues from VIdea are down over 70% from peak, adding confidence to VIdea’s planned 4G/5G network investment
• Indus’s 229,658 towers thrive on Bharti Airtel & VIdea as anchor tenants
• Indus, led by 25% tenancy expansion, offers 10% Ebitda Cagr, strong cashflows, FCF yield of 7% & 23% ROCE by FY27CL
• Adani Group delivery data shows strong interest with Adani Enterprises (+1.7%, 2.3x avg), Ambuja Cements (+4.0%, 2.6x), and NDTV (+9.9%, 3.8x) leading in delivery multiples.
• RELIANCE; DAM CAPITAL ON RELIANCE
• Maintain Buy, target price at Rs 1550 (Earlier Rs 1521)
• After a challenging 1HFY25, RIL has posted a decent recovery
• Retail has particularly bounced back after the recent recalibration of stores
• O2C remains steady despite challenging environment
• Jio continues to grow both in tariff and in subscribers
• Forecast FY25-27e EBITDA growth of ~12%
• Trading at a forward multiple of ~10x EV/EBITDA, vs the historical avg. of ~12x
• RELIANCE; CLSA on RIL
• O-P, TP Rs 1650
• 3Q consol Ebitda/PAT5%/3% ahead of forecast driven by better upstream & retail performance, but
• Jio came lower due to a miss on
• Arpu even as its subscriber addition was better than est.
• Retail’s Ebitda came 8% ahead
• RELIANCE; Jefferies on RIL
• Buy, TP Rs 1660
• Consol Ebitda 5% ahead of JEFe with Retail/O2C 8%/3% ahead
• Restoration of growth in Retail signals worst is likely behind
• Jio's Ebitda missed by 2%
• O2C profitability aided by refining, see improved outlook in FY26
• RELIANCE; DAM CAPITAL ON RELIANCE
• MAINTAIN BUY, TARGET PRICE AT ₹1550 (Earlier Rs 1521)
• After a challenging 1HFY25, RIL has posted a decent recovery
• Retail has particularly bounced back after the recent recalibration of stores
• O2C remains steady despite challenging environment
• Jio continues to grow both in tariff and in subscribers
• Forecast FY25-27e EBITDA growth of -12%
• Trading at a forward multiple of -10x EV/EBITDA, vs the historical avg. of -12x
• AXISBANK; JEFFERIES ON AXIS BANK
• MAINTAIN BUY, TARGET PRICE :1,430
• Gross and net slippages 10-12% above estimates
• Deposit and loan growth remain soft, in line with expectations
• Higher provisioning observed, while NIMs were in line
• AXISBANK; BERNSTEIN ON AXIS BANK
• MAINTAIN OUTPERFORM, TARGET PRICE:1,300
• Stagnant recoveries as credit costs rise
• Further moderation in opex growth expected
• ROAs maintained at 1.64%
• INFY; BOFA ON INFOSYS
• MAINTAIN BUY, TARGET PRICE ₹2,150
• Sequential revenue decline of 1% expected for Q4FY25
• Potential decline in third-party items or conservative company stance
• Discretionary spends show signs of recovery in European BFSI and US retail/CPG segments
• Spends remain unchanged for hi-tech and Betul communications segments
• Annual wage hikes in India planned at 6-8%, in line with expectations
• RELIANCE; IIFL SECURITIES ON RELIANCE
• MAINTAIN BUY TARGET PRICE at Rs 1729
• Retail and O2C spring a positive surprise
• Expect 1% PAT growth for RIL in FY25 followed by 15% CAGR over FY25-27
• Progress on the potential listing of JIO Platforms would be keenly watched
• No incremental updates on the New Energy Business
• O2C will see Rs400bn-500bn capex through 2027 as RIL augments its PVC capacity by 200%
• Capex for ethane pipeline capacity to increase by 50% and adds 1/3 MMTPA capacity for polyester/PTA
• DIXON; HSBC on Dixon Tech
• Buy, TP raised to Rs 19900
• 2024 was strong with a series of new client additions
• 2025 should see scaling up of Dixon’s mobile & IT hardware businesses, with expansion of new products & components
• Continue to expect FY26-27 consensus EPS upgrades
• INFY; INVESTEC ON INFOSYS
• MAINTAIN SELL HIKE TARGET PRICE to Rs 1,773 FROM Rs 1,700
• Operationally strong headline revenue, but internals appear weak
• Quarter also saw a 20bps benefit to revenue from the acquisition of Intech
• LTIM; MACQUARIE ON LTIMINDTREE
• MAINTAIN OUTPERFORM WITH TARGET PRICE OF Rs 7,100
• Record deal wins, broad-based growth across clients
• EBIT margin declined 170bp QoQ primarily due to the impact of wage hikes
• UBS ON APL APOLLO
• Upgrade to Buy from Neutral; raise to Rs1,900 from Rs1,600
• Growth momentum is likely to remain, aided by customers shifting from refurbished steel to HRC structural steel tubes
• CITI ON AADHAR  HOUSING FINANCE
• Initiate Buy, TP 565
• Has grown AUM at >16% CAGR consistently over 4/6 years
• Has scale with granularity
• Non-conventional diversified distribution
• Tech stack improving productivity and analytics
• Expected to deliver 22% PAT growth in FY24-27E
• To scale up RoE to 16.5%
• Risks include promoter dilution and rising share of informal self employed
• JP MORGAN ON HAVELLS
• Maintain Neutral, TP 1750
• Earnings below street expectations impacted by margins
• Muted revenue growth in Cables & Wires was led by channel destocking in wires due to copper price softness.
• ECD growth of 15% y/y on the back of the festive season was better than expected
• Switchgears revenue growth momentum improved to 11% y/y, with real estate and project business driving growth in the domestic division
• Industrial business was muted
• MACQUARIE ON LTI-MINDTREE
• Maintain Outperform, TP 7100
• Record deals, broad based growth across clients
• Management suggested there was an impact from productivity benefits passed on to their top Hi-Tech customer
• EBIT margin declined 170bp QoQ primarily due to the impact of wage hikes per management.
• Commentary- CY25E will be better than CY24 and they are seeing an improvement in demand.
• BROKERAGE TAKE INFOSYS
• NUVAMA ON INFOSYS
• Maintain Buy, TP 2350 (From 2250)
• Beat estimates- primarily driven by higher pass-through revenue
• Strong BFSI momentum; margins in-line
• Q4 expected to be seasonally weak
• clients are still focusing more on cost-takeout deals than on discretionary spends
• Management upgraded the FY25 revenue growth guidance to 4.5–5% (from 3.75–4.5%)
• Maintained the margin guidance of 20–22%
• Upgraded its guidance for three consecutive quarters—signifying improving macro and business fundamentals
• MORGAN STANLEY ON INFOSYS
• Maintain Overweight, TP 2150
• Strong than expected revenue growth in Q3
• Higher components of third party items driving revenue
• New guidance lower than estimates
• New revenue growth guidance for Q4FY25 implies (-2.3% to -0.3%) vs expectation of –1% to 1%
• BOFA ON INFOSYS
• Maintain Buy, TP 2150
• Sequential decline of 1% in revenue expected for Q4FY25
• Maybe prospects of decline in 3rd party items/Co conservative stance
• Discretionary spends showed signs of uptick in European BFSI, US retail/CPG segment
• Spends remain unchanged for hitech, communications segment
• Annual wage hikes planned for 6-8% increase in India (Inline with expectations
• BROKERAGE TAKE
• NUVAMA ON RELIANCE
• Maintain Buy, TP 1673
• Highest-ever EBITDA of INR43800CR beat Q3FY25 estimate on strong showing across segments
• O2C (61% of attributable PAT) EBITDA rose 16% QoQ (+2% YoY) on higher fuel cracks, polymer deltas.
• O&G +5% QoQ on higher gas realisations, despite a 2% production dip.
• New Energy’s foray to equal O2C’s profits in 5–7 years
• Strong growth visibility on expectation of recovery in petchem margins
• IIFL SEC ON RELIANCE
• Maintain Buy, TP 1729
• Retail and O2C spring a positive surprise
• Expect 1% PAT growth for RIL in FY25 followed by 15% Cagr over FY25-27
• Progress on the potential listing of JIO Platforms would be keenly watched
• No incremental updates on the New Energy business
• O2C will see Rs400bn-500bn capex through 2027 as RIL augments its PVC capacity by 200%,
• Capex for ethane pipeline capacity to increase by 50% and adds 1/3 MMTPA capacity for polyester/PTA
• ELARA CAPITAL ON RELIANCE
• Reiterate Accumulate, TP 1493 (FROM 1632)
• Raise FY27E EPS by 2%, on weaker USD-INR at 87.0 (from 83.0)
• Reduce TP due to lower EBITDA from Retail
• Pared FY27E EV/EBITDA at 15.5x for Digital Services on saturating subscriber growth.
• Retail- Expect lower revenue and EBITDA CAGRs at 6% (from 8%) and 9% (from 11%) through FY24-27E due to focus on improving efficiency
• DAM CAPITAL ON RELIANCE
• Maintain Buy, TP 1550 (Earlier 1521)
• After a challenging 1HFY25, RIL has posted a decent recovery.
• Retail has particularly bounced back after the recent recalibration of stores.
• O2C remains steady despite challenging environment
• Jio continues to grow both in tariff and in subscribers
• Forecast FY25-27e EBITDA growth of ~12%
• Trading at a forward multiple of ~10x EV/EBITDA, vs the historical avg. of ~12x
• HAVELLS; INVESTEC ON HAVELLS
• MAINTAIN BUY WITH TARGET PRICE OF Rs 1,850
• Revenues/ gross margins broadly in-line
• Earnings miss on higher opex
• Mixed performance across segments
• DCMNVL; LARGE TRADE NSE
• NIRMAL BANG EQ PVT.LTD BOUGHT 1.64 LKH SHARES @ ₹ 193.64/SHARE
• YATHARTH; LARGE TRADE NSE
• CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD SOLD 5,34,981 SHARES @ ₹ 458.34/SHARE
• FORTIS HEALTHCARE: CO ACQUIRED 23.91% STAKE IN AGILUS DIAGNOSTICS FOR A TOTAL CONSIDERATION OF RS 1348.36 CRORES (RS 894.53 CRORES FOR 15.86% STAKE IN NJBIF AND RS 453.84 CRORES FOR 8.05% IN RESURGENCE)
• IIFL FINANCE: CO APPROVED THE ISSUANCE OF USD 325M (APPROXIMATELY RS 2,697.5 CR) SENIOR SECURED FIXED-RATE NOTES WITH A 3.5-YEAR TENURE AND AN 8.75% COUPON.
• MASTEK: Mastek Management Says Aspiration is to improve margin by 200 bps to 19% in the next 2 yrs - CNBCTV18
• Expecting Q4 to have better growth than Q3
• FY26 growth profile should be moderately better than FY25
• Wage hikes impacted Q3 margins by 160 bps
• We are looking at investing in UK/ Europe geography via tuck in acquisitions
• RAIL STOCKS: Elara Says Expectation Is High For Railway Sector With 5% YoY Increase In Allocation - CNBCTV18
• Expect The Railway Allocation At Around 2.72 Lk Cr In Budget 2025-26
• BEAT THE STREET BULLETIN
• Date: 15-Jan-2025
• https://t.me/BeatTheStreet10
• NEW ORDERS & CONTRACTS
• - JSW STEEL: Odisha Government to sign a pact for a mega steel plant in Keonjhar, in partnership with South Korea's Posco.
• - NBCC: Secured Rs 405 Cr in new orders, boosting its consolidated order book to Rs 1,00,000 crore.
• - J KUMAR: Awarded Rs 1,073.39 Cr order for a housing project in Noida by NBCC.
• - AZAD INDUSTRIES: Won a Rs 960 Cr order from GE Vernova International for turbine components.
• - KPIGREEN: Secured a new order to develop 62.2 MW solar projects, increasing total capacity to 152.34 MW.
• OPERATIONS & PERFORMANCE UPDATES
• - ADANIGREEN: Increased operational capacity by 37% YoY to 11,609 MW, with 23% YoY growth in energy sales in 9M FY25.
• - ORIENTAL HOTEL (Q3 Update):
• - Net profit: ₹14.36 crore (down from ₹16.4 crore YoY).
• - Revenue: ₹121 crore (up from ₹103 crore YoY).
• - MADHYA BHARAT (Q3 Update):
• - Net profit: ₹17.9 crore (up from ₹1.3 crore YoY).
• - Revenue: ₹283 crore (up from ₹232 crore YoY).
• - SUPREME ENGINEERING (Q3 Update):
• - Net loss: ₹1.82 crore (up from ₹0.72 crore YoY).
• - NELCO (Q3 Update):
• - Net profit: ₹4.94 crore (down from ₹6.15 crore YoY).
• - EBITDA: ₹12.18 crore (down YoY).
• - RIIL (Q3 Update):
• - Net profit: ₹2.74 crore (down 24% YoY).
• - EBITDA loss: ₹2.91 crore.
• TECHNOLOGICAL ADVANCEMENTS & STRATEGIC PARTNERSHIPS
• - PERSISTENT: Launched ContractAssIst using Microsoft 365 Copilot for streamlining contract management.
• - HAPPIEST MINDS: Collaborated with Coca-Cola Beverages Vietnam to deploy a GenAI-based conversational interface.
• - SWIGGY: Incorporated Swiggy Sports Private Limited as a wholly owned subsidiary to focus on sports team ownership and talent development.
• LEADERSHIP CHANGES & APPOINTMENTS
• - INFOBEAN: Appointed Mr. Harmeet Bhatia as the new Chief Revenue Officer.
• - AXISCADES: Appointed Alfonso Martinez Fernandez as the Group CEO and Managing Director, effective 20-Jan-2025.
• - GLAND: Shyamakant Giri to assume the position of CEO on 16-Jan-2025.
• - ZEEMEDIA: Appointed Mr. Aditya Tandon as Chief Brand Officer for campaigns and IPs.
• INCIDENTS & CLARIFICATIONS
• - MTNL: Defaulted in payments worth ₹8,144 crore to various banks.
• - CUMMINSIND: Ordered to pay ₹13.29 crore in duties, penalties, and interest, plans to appeal.
• - DABUR: Filed a lawsuit against Patanjali Ayurved regarding the Dant Kanti Red Toothpaste.
• - BRADYM: Reported a cyber-fraud incident with an estimated loss of ₹4.40 crore.
• NEW DEVELOPMENTS
• - SKYGOLD: Expanded its portfolio with new segments and onboarded Aditya Birla Jewellery.
• - RGL: Launched WithClarity.in, offering customizable lab-grown diamond jewelry in India.
• - ADANIENT: Exploring a stake acquisition in Emaar India for up to ₹5,000 crore to enhance its real estate business.
• - OASISEC: Board approved a stock split and a rights issue to raise up to ₹49 crore.
• FUNDRAISING
• - EXIDEIND: Invested ₹149.99 crore in Exide Energy Solutions Limited via a rights issue.
• - SAYAJI HOTEL: Board approved up to ₹50 crore fund raising via rights issue.
• - ECO HOTEL: Board approved up to ₹45 crore fund raising via rights issue.
• EXPANSIONS & ACQUISITIONS
• - JSWENERGY: JSW Energy’s subsidiary successfully synchronized Unit-2 of the Utkal Thermal Power Plant, adding 350 MW of capacity.
• - HAL: Preparing to start the fourth production line of Tejas MK1 aircraft at its Nashik facility.
• - NESCO: Selected to develop, operate, and maintain wayside amenities on the Raipur-Visakhapatnam Expressway, with an estimated cost of ₹50 crore per site.
• - TVSMOTOR: Achieved the number one position in the electric two-wheeler market with a 27.1% market share in January 2025.
• OTHER UPDATES
• - SOMANI CERAMICS: Plans to sell a 26.05% equity stake in Acer Granito Private Limited for ₹10.55 crore.
• - CONTPTR: Planning strategic expansions in power transmission, solar energy, hazardous waste management, and lubricants export.
• INDOTHAI : Indo Thai Securities Ltd Closes ₹118 Crore($14M), Funding Round, At the Valuation of ₹650 Crore ($75M) with shares priced at ₹500 each.
• The raised funds will enhance services for traders, including additional capital under Pay Later (MTF) and meeting margin requirements.
• Indo Thai aims to strengthen core services and boost shareholder returns through innovative trading strategies.
• MAHEPC : Q3 CONS NET PROFIT UP 280 % AT CR (YOY), 2.76 CR LOSS (QOQ)
• REVENUE UP 1 % AT 81.46 CR (YOY) ,UP 63 % (QOQ)
• EBITDA UP 147 % AT 9.66 CR (YOY),2.95 CR LOSS (QOQ)
• MARGINS AT 11.86 % V 4.84 % (YOY), -5.89 % (QOQ)
• US CORE CPI YOY ACTUAL 3.2% (FORECAST 3.3%, PREVIOUS 3.3%)
• US CPI YOY ACTUAL 2.9% (FORECAST 2.9%, PREVIOUS 2.7%)
• NY FED MANUFACTURING ACTUAL -12.6 (FORECAST 3, PREVIOUS 0.20)
• US SHORT-TERM INTEREST-RATE FUTURES JUMP AFTER INFLATION DATA.
• TRADERS PRICE IN MORE FED EASING AFTER THE DECEMBER CPI DATA.
• Futures traders are increasing bets on a Fed rate cut in June.
• The chances of a second Fed rate cut in 2025 have risen.
• This shift follows recent inflation data.
• Traders now expect a Fed rate cut by July, compared to the previous expectation of September.
• RVNL : Company - HFCL Limited – Aerial Telecom Solutions Pvt. Ltd. Consortium Got Letter of Acceptance has been received from Bharat Sanchar Nigam Limited (BSNL)for “Development (Creation, Upgradation and Operation & Maintenance) of Middle mile network of Bharat Net on Design Build Operate and Maintain (DBOM) Model.”
• Order Worth Rs 3622 Cr
• Time Period 3 Years
• ADHATA GLOBAL LIMITED (AGL) : Co. signed a terms sheet with Signature Pannel Pvt Ltd (SPPL) on January 15, 2025, to market 30% of SPPL's high-density, moisture-resistant fibre board production in Yamuna Nagar using Chinese technology.
• Launch of new MDF and SDSMR boards under the TIMBERWORKZ brand, aligning the company with future trends in the board industry.
• ENERGY MISISON : ENERGY-
• MISSION MACHINERIES (INDIA) LIMITED has received Purchase Order for CNC Machines worth 1.01 Crores from TITAGARH RAIL SYSTEMS LIMITED
• CEATLTD : Q3 CONS NET PROFIT DOWN 46 % AT 97.1 CR (YOY),DOWN 20 % (QOQ)
• REVENUE UP 11 % AT 3299 CR (YOY) ,FLAT % (QOQ)
• EBITDA DOWN 19 % AT 340.5 CR (YOY),DOWN 6 %(QOQ)
• MARGINS AT 10.3 % V 14.1 % (YOY), 10.97 % (QOQ)
• CEATLTD : Board Approved Proposed capital expenditure at Company’s plant situated at Plot No. SZ-39, MIDC, Butibori, Nagpur, Maharashtra
• Co. to add Additional 30 % Capacity
• Co. will be investing 400 Cr For This
• Capacity to be added by FY2027-28.
• CEATLTD : Board approved the incorporation of a subsidiary in Indonesia on October 17, 2024, subject to local regulations.
• Due to a local requirement for at least two shareholders, the company will hold a majority stake, and the entity will be a subsidiary, not a wholly owned subsidiary.
• Further disclosures will be made after incorporation.
• TGVSL : The company has declared commercial production of its Second Chloromethanes Expansion as of 15.01.2025, with Methylene Di Chloride (11,529 MT) and Carbon Tetra Chloride (875 MT). Total Chloromethanes production now stands at 139,914 MT.
• BALAJITELE : Resignation of Verun Baabar from the position of VP Production & Operations w.e.f. January 15, 2025 due to personal reasons.
• SENCO : CO. FIXES 31 JAN AS RECORD DATE FOR STOCK SPLIT
• SUGAR STOCKS : Sources says Government is likely to make the final decision on the ethanol price hike - ETNOW
• The Union Cabinet is expected to consider the proposal for an ethanol price increase
• The price of ethanol produced from B-heavy molasses may rise by approximately Rs 2 per liter, while the price of ethanol produced from sugarcane juice could be raised by Rs 1.50 per liter
• The Cabinet may also regularize incentives provided by OMCs for ethanol produced from C-heavy molasses
• Alert: OMCs had announced Rs 6.87 per liter incentives for ethanol produced from C-heavy molasses for the 2023-24 season. These incentives will be regularized for the ethanol supply year 2024-25
• CEATLTD : Q3 HIGHLIGHTS
• Healthy YoY volume growth in replacement and international business segments, OEM is on the recovery trajectory
• International business continue to recover well and continue to grow Yoy basis with a flattish growth on QoQ basis
• Seasonally weak quarter v/s Q2, led by flattish volumes in all the segments
• Realizations improved both on QoQ and YoY basis
• RM basket increased compared to Q2FY25, resulting in gross margin contraction by a 59 bps QoQ basis
• EBITDA margins were impacted by higher RM basket
• YoY margin contracted due to increase in the RM basket
• CEATLTD : Q3 HIGHLIGHTS
• Capex for the quarter was Rs.280 Cr funded through internal accruals V Rs 260 Cr In Q2
• Working capital reduced on QoQ basis that led to debt reduction of Rs. 50 Cr sequentially
• Co. says We saw strong double-digit growth, driven by the replacement segment. Rising raw material costs affected margins, but we passed on some increases through price hikes in select categories.
• Demand remains stable, with a robust order book. Raw material prices are stable in Q4, and we expect continued growth.
• CEATLTD : CEO Says "Gross margins were impacted by higher raw material costs, partially offset by price hikes and cost controls.
• Capex for the quarter was Rs 283 crores, fully funded through internal controls, keeping debt levels stable."
• INA : FIXES 24 JAN AS RECORD DATE FOR STOCK SPLIT
• OFSS : Q3 CONS. NET PROFIT DOWN 6 % AT 541 CR (QOQ) , DOWN 27 % (YOY)
• REVENUE UP 3 % AT 1715CR (QOQ) ,DOWN 6 % (YOY)
• EBIT DOWN 5 % AT 698 CR (QOQ) , DOWN 18 % (YOY)
• MARGINS AT 40.68 % V 43.77 % (QOQ) , 46.5 % (YOY)
• Today's Headlines Dated 17/01/2025
• Economic Times
• RBI injects ₹40,000 cr into banking system
• 1 cr govt staff's salary tweaks loom as 8th Pay Commission gets cabinet nod
• Boost South Korea, Japan ties to cut reliance on China: GTRI
• World Bank warns that US tariffs could reduce global growth outlook
• Bain Capital buys into Dhoot Transmission Group
• Asset Reconstruction Companies seek nod to tap capital markets for equity
• Cabinet approves bill making repossession easier for aircraft lessors
• DoT gets cabinet nod to refarm 1100 MHz spectrum across bands
• Defence tech startup Constelli raises $3 million in round led by Pravega Ventures
• Biotech startup Zerocircle raises Rs 20 crore in round led by Nithin Kamath’s Rainmatter
• Business Standard
• RIL Q3 results: Net profit rises 7.4% to Rs 18,540 cr, beats estimates
• Commerce dept seeks to extend 2 export schemes ahead of Union Budget
• Infosys Q3 results: Net profit rises 11.4% to Rs 6,806 cr, revenue up 7.6%
• Sun Pharma's unit Taro to acquire 100% stake in Antibe Therapeutics
• Spencer's Retail enters quick commerce space with JIFFY as growth driver
• Torrent Power to invest Rs 18K cr in thermal power plant in Madhya Pradesh
• Amazon to acquire fintech firm Axio to expand credit services in India
• Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore
• India to remain fastest-growing large economy in FY26, FY27: World Bank
• Income-Tax department recovers Rs 1,070 crore from wrongful claims
• RBI liberalises Fema rules to facilitate cross-border transactions
• Financial Express
• NCLAT to decide on Meta’s plea against CCI order stay next week
• iPhone market share in India touches 10%
• Agri & processed food exports grow over 11% to $17.77 billion in April-December
• Over 80% firms want wider cover for PM Internship scheme
• Infosys revises FY25 revenue guidance to 4.5- 5.0%
• DB Corp Q3 Results: Profit drops by 4.65% YoY to Rs 118.21 crore, revenue declines marginally
• Over 80% firms want wider cover for PM Internship scheme
• Mint
• ISRO space docking successful, India becomes fourth country to achieve this ‘historic’ feat, PM Modi congratulates
• RBI retains Tata Sons in upper-layer NBFC list for FY25
• PFC to get Japanese loan of ₹6,500 crore
• BPCL signs ₹31,802-crore loan deal with SBI-led consortium
• Kedaara Capital invests over $350 mn in data analytics provider Impetus Tech
• Equity funds' AUM grows for 11th year, net inflows surge over 100% in CY24
• Warburg-owned Truhome Finance eyes ₹50,000 crore AUM in four years
• MOBIKWIK : MobiKwik Partners with Piramal Finance to Offer Personal Loans
• This ease of access to credit is available for all MobiKwik app users pan India with the loan amount for ZIP EMI ranging from INR 50,000 to INR 2,00,000. Eligibility criteria for these loans are income exceeding INR 25,000 and between the ages of 23 and 55.
• The minimum tenure is 6 months and goes up to 24 months.
• LTIMINDTREE: Q3 CONS. NET PROFIT DOWN 13 % AT 1085 CR (QOQ) , DOWN 7 % (YOY)
• REVENUE UP 2 % AT 9660 CR (QOQ) , UP 7% (YOY)
• EBIT DOWN 9 % AT 1328 CR (QOQ) , DOWN 4 % (YOY)
• MARGINS AT 13.75 % V 15.45 % (QOQ) , 15.36 % (YOY)
• TG: https://t.me/BeatTheStreet10
• LTIM : Q3 LTIMINDTREE
• $ Revenue At $1,138.7 m Vs Est $1,140.4 m
• $ Revenue Growth At 1.1% QoQ V Est 1.2%
• CC Rev Growth At 1.8% QoQ Vs est 1.6%
• HATSUN : Q3 :CONS NET PROFIT DOWN 29 % AT 40.94 CR (YOY), DOWN 36% (QOQ)
• REVENUE UP 6 % AT 2009 CR (YOY) ,DOWN 3 % (QOQ)
• EBITDA FLAT % AT 214 CR (YOY),DOWN 11 %(QOQ)
• MARGINS AT 10.64 % V 11.3 % (YOY),11.65 % (QOQ)
• SUDARSHAN; Company had entered into a Rent Agreement with M/s.Daundi Biological Private Limited for a period of 5 years commencing from 29th December 2024 to set up a new Research & Development formulation centre in the city of Dehradun, Uttarakhand, lndia.
• lt is expected to commence the operations of the formulation R&D Centre in the month of March, 2025.
• HFCL : WINS RS 2350 CR ORDER
• Company has successfully secured an Advance Work Order (“AWO”) aggregating to ~INR 2,501.30 Crores for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network of BharatNet Phase III in the Punjab Telecom Circle, from Bharat Sanchar Nigam Limited (“BSNL”).
• INR 2,501.30 crores (Capex ~INR 1244.61 Crores, Opex for newly constructed network ~INR 746.76 Crores and Opex for Existing Network ~INR 509.94 Crores)
• Time Peroid : 3 years
• HFCL : BharatNet Phase III will connect 640,000 villages with high-speed internet, providing 100 Mbps bandwidth to over 250,000 gram panchayats.
• The project supports the 'Digital India' vision, focusing on rural and underserved areas.
• SHEMAROO : Q3 :CONS NET LOSS AT 36.36 CR V 30.43 CR LOSS (YOY), 25.9 CR LOSS (QOQ)
• REVENUE UP 5 % AT 164 CR (YOY) ,UP 1 % (QOQ)
• EBITDA LOSS AT 42.3 CR V 17.7 CR LOSS (YOY), 26.5 CR LOSS (QOQ)
• MARGINS AT -25.7 % V -11.3 % (YOY), -16.3 % (QOQ)
• YATHARTH: Clarification on Market Rumors and Income Tax Matters
• Co. says there is no new development on the said matter.
• There is no pending information or announcement regarding the income tax issue as of this date. We are actively cooperating with the authorities to expedite the resolution of this matter and do not anticipate any material financial or operational liabilities arising from these proceedings.
• TG: https://t.me/BeatTheStreet10
• ASTRAZEN : AstraZeneca Pharma India received approval to import Eculizumab (Soliris) for treating Paroxysmal Nocturnal Hemoglobinuria (PNH) and atypical Hemolytic Uremic Syndrome (aHUS). Launch is subject to further statutory clearances.
• BPCL : Company has executed a loan agreement of Rs.31,802 crore with M/s. State Bank of India Consortium, to finance the projects* planned at Bina.
• State Bank of India as Lead Consortium Banker and other consortium members are Punjab National Bank, Union Bank of India, Canara Bank, Bank of India and Export Import Bank of India
• HAVELLS : HAVELLS; Q3 CONS NET PROFIT DOWN 3 % AT 278 CR (YOY), UP 5 % (QOQ)
• REVENUE UP 11 % AT 4888 CR (YOY) ,UP 8 % (QOQ)
• EBITDA DOWN 1 % AT 426 CR (YOY),UP 14 %(QOQ)
• MARGINS AT 8.72 % V 9.78 % (YOY), 8.27 % (QOQ)
• HAVELLS : Q3 RESULT V ESTIMATES
• PROFIT 278 CR V EST 344 CR
• REVENUE AT 4888 CR V EST 4889 CR
• EBITDA AT 426 CR V EST 426 CR
• MARGINS AT 8.7 % V EST 9.9 %
• MRPL : The first truck parcel of Toluene from Mangalore Refinery and Petrochemicals Limited (MRPL) was flagged off by Shri Mundkur Shyamprasad Kamath, Managing Director of MRPL, at the Aromatic Complex within the Mangalore Special Economic Zone Limited (MSEZL).
• MRPL launched its Toluene product, inaugurated by Petroleum Minister Hardeep Singh Puri during his refinery visit.
• The move reduces import dependency and supports India's Atmanirbhar Bharat vision.
• INDIANB : Indian Bank appoints Binod Kumar as MD & CEO of the bank w.e.f. January 16, 2025
• Shri Binod Kumar started his banking journey in Punjab National Bank as Management Trainee in the year 1994 and elevated to Executive Director of Punjab National Bank on 21.11.2022
• HAVELLS : HAVELLS Q3 SEGMENT WISE
• - CABLE BIZ
• REVENUE UP 7.3 % TO 1688 CR YOY
• PROFIT UP 15 % TO 187 CR
• MARGINS AT 15 % V 14.5 %
• - ELECTRICAL CONSUMER BIZ
• REVENUE UP 22.8 % TO 1104 CR
• PROFIT DOWN 10 % TO 95 CR
• MARGINS AT 22.1 % V 22.5 %
• - SWITCH GEARS BIZ YOY
• REVENUE UP 10.8 % TO 577 CR
• PROFIT UP 15 % TO 105 CR
• MARGINS AT 36 % V 39.7 %
• - LIGHTING BIZ
• REVENUE UP 2.5 % TO 441 CR
• PROFIT UP 8 % TO 65 CR
• MARGINS AT 34 % V 30.4 %
• HAVELLS : Q3 HIGHLIGHTS
• Switchgears margin declined with mix change towards project business in Q3 & factory under- absorption on account of plant relocation, expect normalization in coming quarters
• Lighting sustainable contribution margin in the range of 31-32%
• ECD margins impacted by product mix, particularly in small domestic appliances
• Lloyd margins improvement led by cost saving initiatives
• Additional investments on scaling emerging categories in 'others' segment resulted in loss for Q3 while YTD it is profitable
• HAVELLS : Q3 HIGHLIGHTS
• Real estate & project business driving growth in domestic switchgear, however industrial switchgear (IP) remained soft
• Strong growth in power cables; Tumkur plant, though in ramp-up stage, has started contributing to growth
• Copper price softness during the quarter led to channel destocking in wires, thus impacting revenues
• Decent volume growth in lighting; revenues remain impacted by persistent LED price deflation
• Growth momentum continued in the 'others' segment
• Steady quarter for Lloyd
• VISHWARAJ : Board of Directors met on January 16, 2025, to discuss purchasing non-agricultural land from promoters, treating the payment as an unsecured loan, and converting it into equity.
• No decisions were made, and the matter will be revisited in future meetings.
• HAWAENG : Q3 CONS NET PROFIT DOWN 84 % AT 0.18 CR (YOY), DOWN 81 % (QOQ)
• REVENUE DOWN 26 % AT 25.95 CR (YOY) ,DOWN 27 % (QOQ)
• EBITDA DOWN 21 % AT 1.59 CR (YOY),DOWN 12 %(QOQ)
• MARGINS AT 6.12 % V 5.76 % (YOY), 5.1 % (QOQ)
• HAWAENG : Reappointment of Mr. Aslam Kagdi as a Managing Director of the Company 
• Reappointment Mr. Asad Kagdi as a Joint Managing Director of the Company
• NATIONSTD : Q3 CONS NET PROFIT DOWN 56 % AT 2.15 CR (YOY), DOWN 15% (QOQ)
• REVENUE UP 6 % AT 15.69 CR (YOY) ,UP 313 % (QOQ)
• EBITDA LOSS OF 0.96 CR V 2.65 CR PROFIT (YOY), 2.95 CR PROFIT(QOQ)
• MARGINS AT -6.15 % V 17.5 % (YOY), 54.15 % (QOQ)
• RELTD : WINS 44 MW PROJECT
• Ravindra Energy Limited (REL) won a 44 MW solar project under Maharashtra's Mukhyamantri Saur Krushi Vahini Yojana 2.0, part of PM-KUSUM Scheme Component C.
• 44 MW (AC) projects are spread across 15 (Fifteen) sub-stations of MSEDCL..
• MSEDCL will enter into a 25 (Twenty Five) years Power Purchase Agreement (PPA) with REL..
• Average PPA tariff is Rs. 3.10 (Rupees Three and Ten Paisa Only) per unit.
• The projects will be eligible for central financial assistance of Rs. 1.05 Crore per MW under the KUSUM C Scheme of the Central Government
• IRCTC : IRCTC appoints Sudhir Kumar as Chief Financial Officer of the company w.e.f. January 16, 2025
• BEAT THE STREET BULLETIN
• *Date: 16-Jan-2025*
• TG: https://t.me/BeatTheStreet10
• NEW ORDERS & CONTRACTS
• - GARUDA CONSTRUCTION AND ENGINEERING: Secured an order worth ₹11 billion.
• - KAUSHALYA LOGISTICS: ACC and Ambuja Cement (Adani Cement Group) approve operations in Kurukshetra, Kaithal, Fatehabad, and Bhiwani. New depots in Kurukshetra and Bhiwani are part of phase 1.
• - A B Cotspin India Ltd.: Expanded solar power capacity from 2,800 KW to 3,131 KW to enhance sustainability efforts.
• - WAAREE TECH: Received an order for 99 sets of Solar off-grid combo on January 15, 2025, to be delivered within three months.
• - EMS LIMITED: Secured a ₹105 crore order for the development, operation, and maintenance of a Multimodal Logistics Park from DeltaBulk Shipping India Pvt Ltd.
• - RVNL: Awarded ₹9,613 crore order for the BharatNet middle-mile network’s development, upgradation, and maintenance.
• - SATHOLKAR SYNERGY: Received new orders worth ₹10.79 crore. Total order book stands at ₹893.79 crore to be executed in the next 6-18 months.
• - AVANTEL: Secured an ₹8.61 crore order from Naval Headquarters for CAMC of Satcom Systems.
• - HFCL: Secured ₹2,501.30 crore order for BharatNet Phase III middle-mile network in Punjab Telecom Circle, contributing to the ‘Digital India’ vision.
• - SPENCERS: Launched "JIFFY," a quick delivery service to boost its omni-channel offerings and growth.
• - WAAREERTL: Q3 net profit at ₹53.5 crore (down from ₹64 crore YoY), with revenue at ₹361 crore (up from ₹324 crore YoY).
• - AIAENG: Board approved plans to set up Hi-Chrome Grinding Media plants in China and Ghana, with a combined capacity of 100,000 MTPA by 2028.
• - MOBIKWIK: Partnered with Piramal Finance to offer personal loans to app users ranging from ₹50,000 to ₹2,00,000.
• OPERATIONS & PERFORMANCE UPDATES
• - D B CORP: Q3 net profit is ₹1.2 billion (unchanged YoY), with Q3 EBITDA at ₹1.77 billion (down from ₹1.83 billion YoY).
• - BANSALI ENGINEERING: Net profit at ₹40.6 crore (up from ₹40 crore YoY), with revenue at ₹351 crore (up from ₹292 crore YoY).
• - STERLING AND WILSON RENEWABLE ENERGY: Q3 net profit of ₹14.8 crore (compared to a loss of ₹63.7 crore YoY), with revenue at ₹1,837 crore (up from ₹583 crore YoY).
• - ALOKINDS: Q3 net loss at ₹272 crore (compared to a ₹230 crore loss YoY), with revenue at ₹863 crore (down from ₹1,253 crore YoY).
• - HATSUN: Q3 net profit down 29% at ₹40.94 crore YoY, with revenue up 6% at ₹2,009 crore YoY.
• - LTIMINDTREE: Q3 net profit down 13% at ₹1,085 crore QoQ, with revenue up 2% at ₹9,660 crore QoQ.
• - SHEMAROO: Q3 net loss at ₹36.36 crore (vs. ₹30.43 crore loss YoY), with revenue up 5% at ₹164 crore YoY.
• - SPENCERS: Q3 net loss at ₹47 crore (vs. ₹51 crore loss YoY), with revenue at ₹521 crore (down from ₹654 crore YoY). Q3 EBITDA at ₹12 crore (up from ₹11.7 crore YoY).
• - MOBIKWIK: Partnered with Piramal Finance to offer personal loans to app users ranging from ₹50,000 to ₹2,00,000.
• - PLASTIBLEN: Q3 net profit up 2% at ₹6.71 crore YoY, with revenue down 6% at ₹184 crore YoY. EBITDA up 2% at ₹11.43 crore YoY.
• - HAVELLS: Q3 net profit down 3% at ₹278 crore YoY, with revenue up 11% at ₹4,888 crore YoY.
• LEADERSHIP CHANGES & APPOINTMENTS
• - ABBOTINDIA: Anuj Mehra appointed as Commercial Director for NeuroLife, GenNext, and Vaccines, effective February 1, 2025.
• - PNB: Shri Ashok Chandra assumed office as Managing Director & CEO on 16-Jan-2025.
• - INDIANB: Binod Kumar appointed as MD & CEO, effective 16-Jan-2025.
• - MASTEK: Appointed Mr. Umang Nahata as CEO of Mastek Group, effective January 16, 2025.
• - SWSOLAR: Mr. Chandra Kishore Thakur appointed as Global CEO of SWREL Group.
• EXPANSIONS & ACQUISITIONS
• - KAUSHALYA LOGISTICS: Approved new depots in Kurukshetra and Bhiwani for efficient logistics solutions.
• - EASEMYTRIP: Launched "EasyDharshan" platform and inaugurated Theerth Yatri Sewa Booth in collaboration with Ayodhya Development Authority.
• - BPCL: Executed a loan agreement of ₹31,802 crore with the State Bank of India Consortium for projects planned at Bina.
• - PLASTIBLEN: Board approved expansion of the Engineering Plastic Division at Palsana.
• - GGL: Strengthened its brand presence in Tier 1 to Tier 6 cities through an ongoing marketing campaign.
• OTHER UPDATES
• - SUDARSHAN: Entered a rent agreement with Daundi Biological Pvt Ltd to set up a new R&D formulation centre in Dehradun, starting March 2025.
• - BORORENEW: GMB Glasmanufaktur Brandenburg temporarily cooled its furnace to fulfill pending orders. Revenue from GMB in FY 2023-24 was ₹40,980 lakhs, contributing 29.93% to consolidated revenue.
• - ASTRAZEN: Received approval to import Eculizumab (Soliris) for treating Paroxysmal Nocturnal Hemoglobinuria and aHUS, pending further statutory clearances.
• - MRPL: Flagged off the first truck parcel of Toluene from the Mangalore Refinery, launched to reduce import dependency and support Atmanirbhar Bharat.
• RUMORS & CLARIFICATIONS
• - YATHARTH: Clarified no new developments regarding income tax matters, and the company is actively cooperating with authorities.
• Stay Updated With Beat The Street
• RITES : Q3 RESULT + DIVIDEND ON 28 JAN
• Bajaj Healthcare Limited receives new contract for manufacturing, marketing and selling of the product Magnesium L Threonate (Magtein®) in the Indian Market
• https://t.me/BeatTheStreet10
• The brand Magtein® by Threotech LLC has a sales value of approx. USD 438 million
• US RETAIL SALES MOM ACTUAL 0.4% (FORECAST 0.6%, PREVIOUS 0.7%)
• US RETAIL SALES MOM ACTUAL 0.4% (FORECAST 0.6%, PREVIOUS 0.7%)
• US Jobless Claims +14K To 217K In Jan-11 Wk; Survey 210K
• US Jan-4 Week Continuing Claims -18K to 1,859,000
• US Jan-4 Week Jobless Claims Revised to 203K
• PFC : Power Finance Corp arm PFC Consulting transfers two of its arms to PowerGrid & GRInfra projects.
• PFC Consulting transfers Gadag II and Koppa! II transmission to Power Grid for ₹13.23 Cr & transfers Bijapur Rez Transmission to GR Infraprojects for ₹111.40 Cr
• IRIS : IRIS signs MoU with Government of Karnataka
• The collaboration is a public-private partnership where IRIS will invest in tech-driven solutions, recovering costs through user charges.
• The government will provide policy support and promote initiatives to benefit MSMEs widely.
• BAJAJHCARE : Bajaj Healthcare Limited receives new contract for manufacturing, marketing and selling of the product Magnesium L Threonate (Magtein®) in the Indian Market
• Threotech LLC granted Bajaj Healthcare rights to manufacture, market, and distribute Magnesium L Threonate (Magtein®) in India.
• Bajaj already supplies the API for Magtein® exclusively in the U.S., where the brand's sales are valued at $438 million.
• CDSL Q3 RESULT ON 25 JAN
• RELIANCE:
• - Q3 consolidated net profit increased by 7% YoY to ₹18,540 crore, and by 12% QoQ.
• - Revenue grew by 7% YoY to ₹2.39 lakh crore, and by 4% QoQ.
• - EBITDA rose by 8% YoY to ₹44,789 crore, and by 12% QoQ.
• - Margins stood at 18.25%, compared to 18.05% YoY and 16.85% QoQ.
• https://t.me/BeatTheStreet10
• RIL Q3 V ESTIMATES
• NET PROFIT AT 18,540 CR V EST 18,337 CR
• REVENUE AT 2.39 LKH CR V EST 2.42 LKH CR
• EBITDA AT 43789 CR V EST 40,900 CR
• MARGINS AT 18.2 % V EST 17.2 %
• https://t.me/BeatTheStreet10
• RELIANCE Q3 HIGHLIGHTS
• QUARTERLY CONSOLIDATED REVENUE AT 267,186 CRORE ($ 31.2 BILLION), UP 7.7% Y-o-Y
• RECORD QUARTERLY CONSOLIDATED EBITDA AT 48,003 CRORE ($ 5.6 BILLION), UP 7.8% Y-o-Y
• RECORD QUARTERLY CONSOLIDATED PROFIT AFTER TAX AT 21,930 CRORE ($ 2.6 BILLION), UP 11.7% Y-o-Y
• RECORD QUARTERLY PROFIT AFTER TAX OF JIO PLATFORMS AT 6,857 CRORE, UP 25.9% Y-o-Y
• QUARTERLY PROFIT AFTER TAX OF RELIANCE RETAIL AT 3,485 CRORE, UP 10.1% Y-o-Y
• TG: https://t.me/BeatTheStreet10
• RIL Chairman Mukesh Ambani announces strong growth in Jio, expanding 5G, broadband, and subscriber base, reinforcing market leadership.
• Reliance Retail excels, driven by festive demand and innovation, enhancing customer experiences.
• O2C business shows resilience, with refining margins recovering and supporting India’s energy security.
• RIL is poised for transformational growth in the near future.
• AXIS SEC ON RIL Q3 RESULT, SAYS OVERALL Q3 NUMBERS BEATS OUR ESTIMATES BY 3 %
• RIL Q3 HIGHLIGHTS
• RIL Q3 CAPEX UP 4 % TO 3.5 LKH CR QOQ
• NET DEBT DOWN 1 % TO 1.15 LKH CR
• RELIANCE JIO Q3:
• Net profit up 5% QoQ to ₹6,861 crore.
• Revenue increased by 4% QoQ to ₹33,074 crore.
• EBITDA grew by 4% QoQ to ₹16,585 crore.
• Margins at 50.1%, slightly down from 50.2% QoQ.
• TG: https://t.me/BeatTheStreet10
• Metro Brands Q3 earnings
• Net Profit Down 3.9% At ₹95 Cr Vs ₹98.8 Cr At (YoY)
• Revenue Up 10.6% At ₹703 Cr Vs ₹635.5 Cr (YoY)
• EBITDA Up 13.1% At ₹225 Cr Vs ₹199 Cr (YoY)
• Margin At 32% Vs 31.3% (YoY)
• TG: https://t.me/BeatTheStreet10
• RELIANCE Q3 JIO HIGHLIGHTS
• ARPU increased by 4% QoQ to ₹203.3, slightly below estimate of ₹206.
• Subscribers grew by 1% QoQ to 482.1 million.
• Net subscriber addition in Q3 FY25 was 3.3 million, with monthly churn moderating to 2.0%.
• Data traffic rose by 3% QoQ to 46.5 billion GB.
• Voice traffic increased by 3% QoQ to 1.46 trillion minutes.
• All 3 results, Reliance, Infosys, Axis Bank, are out.
• No significant move in GIFTNIFTY, Infosys ADR, Reliance GDR, Axis Bank GDR.
• RIL Q3 RELIANCE RETAIL NET PROFIT UP 10 % AT 3458 CR (YOY), UP 22% (QOQ)
• REVENUE UP 7 % AT 79,596 CR (YOY) ,UP 20 % (QOQ)
• EBITDA UP 9 % AT 6826 CR (YOY),UP 17 %(QOQ)
• MARGINS AT 8.6 % V 8.4 % (YOY), 8.8 % (QOQ)
• Metro Brands Q3 FY 2024-25 Highlights
• Standalone revenue at ₹688 crore, up 10% YoY.
• EBITDA margin at 32.6%, PAT margin at 13.7%, impacted by a ₹25 crore tax charge.
• Launched first Foot Locker store and New Era kiosk, and signed new celebrity ambassadors.
• Opened 61 new stores in FY 2024-25, targeting 225 by FY 2026.
• RELIANCE : RIL O2C Q3 REVENUE DOWN 4 % AT 1.49 LK CR (QOQ) ,UP 6 % (YOY
• EXPORTS DOWN 4 % TO 67,672 CR (QOQ) ,DOWN 9 % YOY
• EBITDA UP 16 % AT 14,402 CR (QOQ) , UP 2 % (YOY)
• MARGINS AT 9.6 % V 8 % (QOQ) ,10 % (YOY)
• Total Throughput Flat AT 20.2 Mmt QOQ
• Production meant for Sale* UP 1 % To 17.9 MMt
• Segment revenue for 3Q FY25 rose 6.0% YoY to ₹149,595 crore ($17.5 billion), driven by higher production and strong domestic demand.
• Fuel retailing volumes grew, with 43.7% growth in MS and 22.8% in HSD.
• Segment EBITDA increased 2.4% YoY to ₹14,402 crore ($1.7 billion), supported by volume growth, higher polymer margins, and feedstock flexibility.
• INFY : INFOSYS ADR DOWN 5 % DESPITE GOOD Q3
• RELIANCE : RELIANCE GDR UP 2 % AFTER Q3 RESULT
• IREDA : Update On Karnali Hydro-Electric Power Project in Nepal
• The company has initialed a non-binding Joint Venture Agreement on January 15, 2025, for the Hydro-Electric Power Project with GMR Energy, GMR Power, Urban Infra, GMR Lion Energy (Mauritius), SJVN, Nepal Electricity Authority, and GMR Upper Karnali Hydropower Limited, Nepal.
• Additionally, DIPAM approved, on January 16, 2025, a 5% equity investment by IREDA in GMR Upper Karnali Hydropower Limited and Karnali Transmission Company Pvt. Ltd., Nepal, following the Ministry of New and Renewable Energy's recommendation.
• IREDA : IREDA’s equity investment is 5% which will be amounting to approximately Rs.174.22 Crore (estimated).
• Maharashtra to set up Innovation City on lines of GIFT City: CM Fadnavis https://www.business-standard.com/india-news/maharashtra-to-set-up-innovation-city-on-lines-of-gift-city-cm-fadnavis-125011600627_1.html
• The IPO Gold Rush Is Likely To Continue In 2025 https://www.forbesindia.com/article/2025-investment-special/the-ipo-gold-rush-is-likely-to-continue-in-2025/95070/1
• KPIGREEN : KPI Green Energy Progress Update on GUVNL 50 MW (75.2 MWp DC +16.9 MWp Wind) IPP Hybrid Project
• KPI Green Energy’s Accelerated Kick-off for the GUVNL 50 MW Project
• KPI aims to exceed expectations by completing the project ahead of schedule while maintaining the highest standards of quality and efficiency. Upon completion of this project, KPI’s operational IPP portfolio will expand from 171 MWp to 503 MWp (including the 240 MWp Khavda IPP project, also expected to conclude within the same timeframe).
• GIRNAR SPINTEX : Board Meet On 22 Jan To approve the purchase of fabric business of Mahaalaxmi Texpro Limited (Related Party)
• Approval for sale / resale of machinery, equipment’s, their parts, tools that are not useful to Co out of the abovementioned Fabric business to outside party/ies.
• BLUE PEBBLE : Company has incorporated a subsidiary in the name of “BLUE PEBBLE DIGITAL PRIVATE LIMITED to carry
• on the business of advertisement, branding, advertising agents, marketing, advertisement and innovation for clients across industries.
• Dabur sues Patanjali over toothpaste trade dress https://m.economictimes.com/industry/cons-products/fmcg/dabur-sues-patanjali-over-toothpaste-trade-dress/articleshow/117274950.cms
• ENVIROTECH : WINS RS 2.79 CR ORDER
• Company has received an export order from Saint-Gobain Glass, Egypt to supply and install acoustic enclosures worth approximately ₹2.79 crores (exclusive of taxes).
• CYIENT : Cyient Semiconductors Europe Private Limited” has been incorporated in England and Wales, UK as a stepdown subsidiary of the company (ie., Cyient Semiconductors Europe Private Limited is a Wholly Owned Subsidiary of Cyient Semiconductors Private Limited).
• SHAREINDIA : Approved the proposal to commence the business of providing Portfolio Management Services (PMS), subject to obtaining the necessary statutory approval from Securities and Exchange Board of India (‘SEBI’).
• Entering the PMS business will boost the company's retail market penetration, strengthen its reputation as a comprehensive financial service provider, and enhance stakeholder credibility. It will also introduce a new revenue stream and provide a competitive edge.
• SATIN : Resignation of Mr. Bhuvnesh Khanna, Whole-Time Director and CEO of SFL, w.e.f close of business hours of January 16, 2025
• SATIN : Appointment of Mr. Dhiraj Jha, as CEO of SFL
• note ; Mr. Dhiraj Jha has resigned as Chief Risk Officer of the Company from close of business hours of January 16, 2025 & transferred/ appointed within the Satin group as CEO of SFL.
• TVSMOTOR : TVS Motor Company Enters Morocco
• Expands its global presence, deepens footprint in Africa
• The company is launching a wide, exciting range of two-wheelers - TVS Ntorq 125, TVS Raider 125 and TVS Apache 160 and 200 in Morocco.
• Indo Thai securities~ announced raising funds worth 115 crs valuing company at 650 Crs (500 per share)
• current mkt valuation is at~2000 Crs (2000 per share)
• MAPMYINDIA: Qualcomm enters strategic collaboration with MapmyIndia to accelerate ‘Make in India’ solutions for automotive
• Qualcomm and MapmyIndia work together to offer automotive solutions, which include
• connectivity and connected services for 4 wheelers and 2 wheelers segments
• Solution designed to enhance convenience, enable affordable connectivity, and improve vehicle and road safety
• UBL: ‘Kingfisher Mango Berry Twist Flavoured Beer’ and ‘Kingfisher Lemon Masala Flavoured Beer’, will be available in the Union Territory of Daman and the State of Goa, from this month.
• The current launch is focused on catering to the domestic market only
• HAVELLS: Management Says 70% Of Sales In C&W Segment Comes From Domestic Wires - ETNOW
• Positive Overall Performance In Q3 With Growth Of 15% Except C&W Segment
• Business Likely To Grow In Mid-double Digits Ex-Lloyd
• Lloyd Will Become Profitable In FY26
• Margin Will Come Back To 12-13% By End FY25 Ex Of Lloyd
• Margin Will Return To Normal Levels In Q4
• CRISIL Rating Says May See Slowdown In AUM Of Vehicle Financing NBFCs - CNBCTV18
• Expect AUM Growth Of 15-16% For Vehicle Financiers
• Expect CV Sales Growth To Be Muted
• NBFCs Are Focusing More On Used CV For Financing
• Follow Margin Of Vehicle Financiers Can Dip By 10- 20 bps
• Axis Capital on RIL
• Buy Call, Target Rs 1696
• Q3FY25: Retail rebounds, O2C and Jio healthy
• --
• Nomura on RIL
• Buy rating, Target Rs 1600
• Higher-than-anticipated results, across O2C and retail; trim FY25-27F EBITDA by 4-6%
• --
• UBS on RIL
• Buy rating, Target Rs 1550 (prior 1625)
• Sequential growth across business segments
• --
• HSBC ob RIL
• Upgrade to Buy, Target Rs 1580 (prior 1505)
• -Multiple catalysts in 2025, ranging from turnaround of retail, start of new energy and new momentum in digital -3Q earnings which were in-line with consensus are probably the last of the sub-par performances in the near term
• Surana Telecom and Power: Company secured a 54 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojna 2.0 from Maharashtra State Electricity Distribution Co. Ltd.
• The project will be implemented in Maharashtra under the PM-KUSUM Scheme.
• Estimated Project Cost is Rs. 190 Crores.
• ATL: Board aproved Preferential issue of equity shares of Allcargo Terminals Limited (ATL”) for consideration other than cash, i.e. in lieu of acquiring 15% shares of Speedy Multimodes Limited (“SML”), held by Mr Ashish Chandna, Chief Executive Officer of the Company & SML.
• SML is an erstwhile subsidiary of the Company which would become a Wholly Owned Subsidiary post the proposed acquisition.
• NIFTY SUDDEN DOWN MORE THAN 150 POINT
• HDFC AMC sold 1.25% stake in Indian Hotel on 15th Jan, continue to hold remaining 2.98% stake
• HDFC MF CUTS STAKE AHEAD Q3 RESULTS
• BPCL: Q3 RESULT + DIVIDEND ON 22 JAN
• GARWARE HI-TECH: Company Films launched novel initiatives, including colored PPF and strategic partnerships with Bajaj Finance and Insurance Dekho, enhancing automotive care and accessibility.
• Kotak AMC Says Market will wait for some more days after Trump swears in - ETNOW
• FPIs are underweight India v/s other other EMs
• FPIs might decide to come back as India Inc continues to do well
• FPIs will have to come back to India as we continue to report double digit corporate earnings growth with high govt standards
• Fundamentals are finally catching up with valuations
• This is a bottom up stock pickers' market
• Corporate earnings growth for Q3 FY25 not encouraging so far
• INDIAGLYCO: Gorakhpur Unit will be awarded on January 16, 2025, for achieving the highest sales of its Country Liquor brand "Bunty Bubbly" in 2023-24, for the second consecutive year.
• HAVELLS: CO SAYS POSITIVE ON GROWTH AND MARGIN FOR Q4 - CONCALL UPDATE
• HAVELLS: CO IN CONCALL SAYS POSITIVE ON GROWTH & MARGIN FOR Q4 || LIGHTING SEG VOLUME GROWTH HEALTHY AT 13-14%
• BofA on Dr Reddy
• Maintain Buy; Hike TP to Rs 1620 from Rs 1530
• A poll in the uncertain environment
• See visibility in earnings
• Dr Reddy top pick
• Power and Instrumentation: WINS RS 17.7 CR ORDER
• Company is in receipt of Work Order worth INR 17.07 Crores (Including taxes) for Supply, Installation, Testing and commissioning of Plant and Equipment at site complete in all respects for 5 MW (AC) Solar Power Project at Latur District, Maharashtra.
• Sky Gold: Board approved conversion of 158,750 warrants to equity shares and additional shares under 9:1 bonus issue. Company name changed to Sky Gold and Diamonds Limited.
• These actions increase paid-up capital significantly.
• CAPLIN POINT
• CAPLIN STERILES GETS USFDA APPROVAL FOR LEVETIRACETAM IN SODIUM CHLORIDE INJECTION, INFUSION BAGS
• This is the second Ready-To-Use Infusion bag (RTU Bags) ANDA drug product approved for Caplin Steriles, with a further 6 products under review with FDA for RTU Bags segment.
• According to IQVIATM (IMS Health), Levetiracetam in Sodium Chloride Injection had US sales of approximately $19 million for the 12-month period ending November 2024.
• EXICOM: Exicom integrates the power of renewable energy and advanced EV charging; debuts powerful solutions in Bharat Mobility 2025
• Unveils Harmony Boost– EV chargers integrated with Battery Energy Storage System (BESS)
• Introduces high-power, distributed EV charging through its Harmony Dispenser Unit
• BharatMobilityExpo2025 | "The coming decade belongs to the Indian auto industry!" says Prime Minister Narendra Modi at Bharat Mobility Global Expo 2025.
• Government launches National Broadband mission 2.0
• - Aims to ensure high speed broadband connectivity for all by 2030, including rural population.
• - Operational optic fibre cable connectivity to 2.7 lakh villages from existing 50,000
• - Achieve broadband speed of 100 MBPS from 63.5 now
• - To achieve 100% mapping of fiber networks owned by PSUs by 2026.
• Source - NDTV Profit
• AETHER: Q3 NET PROFIT AT 41 CR V 19 CR YOY
• REVENUE AT 197 CR V 155 CR
• Q3 EBITDA 59.7CR RUPEES VS 31.3CR (YOY)
• Q3 EBITDA MARGIN 30.24% VS 20.17% (YOY)
• DGCONTENT; Q3 NET PROFIT AT 6.6 CR V 0.55 CR LOSS YOY
• REVENUE AT 109 CR V 108 CR
• DGCONTENT; Q3 EBITDA AT 13.6 CR V 9.34 CR YOY
• MARGINS AT 12.45 % V 8.6 %
• AETHER; AETHER IND Q3 HIGHLIGHTS
• SSA with Baker Hughes ; Order finalised, validation quantities manufactured, raw materials ordered and ramp-up from 04-FY25
• Site 2 ; operating at full capacity post the revocation order from GPCB, in Jan 2025
• Site 3++ Expansion ; site expansion on track and plans to commission the same by end of FY25
• Site 4 : Expansion commissioning completed, validations on, commercial production to start by Q4FY25
• 31 New Customers started business during 9MFY25 across all business models
• PURVA: Provident Housing Announces Launch of New Phase of Provident Ecopolitan, Bengaluru
• Building on the overwhelming sold out success of Phase 1, the new phase offers thoughtfully designed homes that seamlessly integrate sustainable design with contemporary living
• KRN: INVESTOR MUKUL AGARWAL NAME IN Q3 SHAREHOLDING WITH 1.6 % STAKE
• ANURAS: Crisil Ratings Limited, has upgraded Anupam Rasayan India Limited’s Long-Term Rating at “Crisil A+/Stable“ and reaffirmed Short-Term Rating at Crisil A1.
• SWARAJ ENGINEERING Q3 NET PROFIT AT 32 CR V 24 CR YOY
• REVENUE AT 345 CR V 280 CR
• SWARAJENG; Q3 EBITDA AT 44.3 CR V 33.8 CR YOY
• MARGINS AT 12.8 % V 12.1 %
• SWARAJENG: SWARAJ ENGINES Q3 HIGHLIGHTS
• Highest ever 03 engine sales
• Q3 - PBT margin improved by 90 basis points
• 11th successive quarter of growth (YoY)
• Q3 Engine Sale volume Up 27 % YOY
• GANESHHOUC; Q3 NET PROFIT AT 160 CR V 100 CR YOY
• REVENUE AT 257 CR V 181
• GANESHHOUC; Q3 EBITDA AT 211 CR V 136 CR YOY
• MARGINS AT 82.1 % V 75.3 %
• DALMIABHA: CLARIFICATION
• Co. says Coal Hopper Was Operated By A Third-Party Vender Engaged By The Company
• Whereabouts of three persons are yet to be ascertained
• Plant operations team working on rescue operation at accident site
• CGPOWER: CG Power and Industrial Solutions Limited, ISM and CG Semi Private Limited (Subsidiary Company/Project Company incorporated for setting up the OSAT facility) has today i.e. 17th January, 2025 entered into the Fiscal Support Agreement.
• VINYLINDIA: Q3 NET PROFIT AT 5 CR V 6.9 CR YOY
• REVENUE AT 146 CR V 159 CR
• VINYLINDIA; Q3 EBITDA AT 3.75 CR V 8.76 CR YOY
• MARGINS AT 2.55 % V 5.5 %
• Maruti: The company will begin production of the E-Vitara at its Gujarat plant in the coming months, with plans to export the vehicle to over 100 countries.
• AMAL Q3 ; NET PROFIT AT 16.5 CR v 0.23 CR YOY
• REVENUE AT 45.9 CR v 23.5 CR
• AMAL Q3 EBITDA AT 20.3 Cr V 6 CR YOY
• MARGINS AT 44.5 % V 23.5 %
• MARUTI : Maruti Suzuki unveils its first electric SUV - e VITARA
• e VITARA is built on an All-New electric vehicle (EV) platform, HEARTECT-e for superior performance.
• Based on the concept of an "Emotional Versatile Cruiser", the e VITARA blends a spirit of Hi- Tech and Adventure with Bold & Masculine SUV styling, featuring R18 (18") aerodynamic alloy wheels.
• 2 Battery Options: 49kWh and 61kWh, Freedom to drive more than 500 km² on a single charge.
• LANDMARK : Q3 BIZ UPDATE
• Q3 Revenue Up 26.3 % To 1,645 Cr YOy
• Vehicle sales (including Agency Sales) Up 29.93% To 1,363 Cr YOY
• LANDMARK : Q3 BIZ UPDATE
• The company has reduced inventory quarterly, maintaining levels well below the industry average of 60 days (FADA report).
• Nine workshops opened in the first 9 months of FY25, with more planned for Q4. Kia Hyderabad workshop launches in Q4 FY25, and Mercedes-Benz Patna operations start in Q1 FY26.
• In Q3 FY25, 7 Mahindra & Kia facilities in Hyderabad began operations, starting in November 2024.
• The company also acquired a Kia Sales outlet in December 2024 and completed 22 of 24 planned outlets for the fiscal year ahead of schedule.
• TVSMOTOR : TVS MOTOR COMPANY SHOWCASES TRANSFORMATIONAL CONCEPTS IN FUTURE MOBILITY AT THE BHARAT MOBILTY GLOBAL EXPO 2025
• Designed and made in India, for the world" concepts showcased (1) the world's first CNG scooter, (2) first android auto powered electric scooter, (3) electric bicycles for urban mobility (4) last mile transportation solutions.
• Future concepts of the existing product range-TVS RTSX, TVS Vision iQube, TVS - X NFE, TVS Raider Flex, TVS iQube ST 2025-make their debut.
• PONNIERODE : Q3 NET PROFIT AT 2.4 CR V 11.64 CR YOY
• REVENUE AT 115 CR V 124 CR
• PONNIERODE : Q3 EBITDA AT 10.29 CR V 20.57 CR YOY
• MARGINS AT 8.9 % V 16.5 %
• IDBI : CLARIFICATION ON STAKE SALE
• Strategic Disinvestment Of The Bank Is In Process And Entirely Being Handled By DIPAM
• SWAN DEFENCE : BSE & NSE, the Equity Shares of SDHI shall be listed and admitted to dealings on both the Exchanges, i.e., BSE & NSE in the ‘T’ Group of Securities, under the script code/symbol – 533107/SWANDEF respectively, with effect from January 20, 2025.
• SSWL: Q3 NET PROFIT AT 52 CR V 59.5 CR YOY
• REVENUE AT 1070 CR V 1110 CR
• SSWL : Q3 EBITDA AT 118 CR V 117 CR YOY
• MARGINS AT 11 % V 10.5 %
• AUROPHARMA : Investec on Aurobindo Pharma
• Initiates Tactical Buy
• Target Price - Rs 1930 -66% potential upside
• Better days ahead
• Recent fall is unwarranted, P/E discount to peers at 50% from 30-35%
• Auro has highest contribution from exports among Indian Pharma
• Depreciating INR scenario should benefit
• Upcoming PenG ramp up, normalising Eugia sales and a stable / improving US Gx pricing would lead to improving mix
• See margin expansion going forward
• H2FY5 is expected to be better than H1FY25 and would aid re-rating
• GOVT REVIEWS >1,700 CENTRAL INFRA PROJECTS -ETNOW
• Fin Min Asks To Identify Projects That Can Boost Spending
• Fin Min Completed Consultations On FY26 Budget Estimates
• Spending Needs To Rise By >45% To Meet FY25 Target
• Defence Stocks : Sources says Allocation for defense is possible to exceed 2% of GDP, Allocation up to ₹ 6.7 Lk Cr possible for 2025-26 - Zee business
• Defence Stocks : Sources Says The Ministry of Defense named 2025-26 as the Year of Reforms
• The focus will be on defense preparedness in 2025-26
• Allocation of around ₹1 Lk Cr possible for operational readiness
• Separate amount for Border Road Organisation
• Purchase of Rafale Marine, Multirole Fighter Aircraft is important - ZEE BUSINESS
• SANATHAN : Q3 NET PROFIT AT 32.5 CR V 30.2 CR YOY
• REVENUE AT 742 CR V 745 cr
• SANATHAN : Q3 EBITDA AT 52.28 CR V 51.74 CR YOY
• MARGINS AT 7.08 % V 6.95 %
• BINANIIND : Board Meet On 24 Jan To consider and discuss the proposal for the change of name from "Binani Industries Limited" to "BIL Enterprise Limited" or any other name as may be decided and approved
• SBILIFE : Net Profit A71% At 551 Cr Vs 322 Cr (YoY)
• HEROMOTOCO : 'Hero Xoom 160' launched at Auto Expo ,Starting Price ₹86,900
• SBILIFE : Q3 NET PREMIUM INCOME UP 11 % TO 4443 CR YOY
• Developing economies set for weakest growth since 2020, India steady at 6.7% in FY26: World Bank
• Cues This Morning | Nifty advances for 3rd session; HDFC Life, BEL lead
• Get ready for today's trading session with the latest global and Indian markets news wrap!
• LTIM; MACQUARIE ON LTI-MINDTREE
• MAINTAIN OUTPERFORM TARGET PRICE : ₹7,100
• Record deals with broad-based client growth
• Productivity benefits impacted top Hi-Tech customer
• EBIT margin declined 170bps QoQ due to wage hikes
• Management expects CY25E to outperform CY24 with improving demand
• INFY; MS ON INFOSYS
• MAINTAIN OVERWEIGHT TARGET: 2,150
• Improving Deal Wins, Constructive Commentary On Discretionary Spending Drove Revenue Growth
• Net Headcount Addition Drives View Of Reasonable Acceleration In Revenue Growth
• Stock Should See Support Around Its Five- year Average Two-year Forward FCF Multiple (24.2x)
• Free Cash Flow To Net Income Was One Of Strongest In Last Several Years
• INFY; BERNSTEIN ON INFOSYS
• MAINTAIN OUTPERFORM TARGET: 2,330
• Co Delivered Another All-round Beat Across Revenue, Margin & Earning In Q3
• FY25 Revenue Growth Guide Was Raised By 60 bps To 4.5-5% YoY CC, Ahead Of Street Estimates
• Deal Momentum Was Healthy At $2.5 Bn TCV With 'NetNew' At Nearly 60%
• Continue To See Upcycle In Large Cap IT Services With Co Delivering Best Earnings Of Season
• Q3 Results Are Driven By Discretionary Recovery
• INDUSTOWER; CLSA on Indus Tower
• Upgrade to High Conviction O-P, TP Rs 575
• Indus Tower recently received further Rs19bn payment from VIdea for past dues
• Indus’s overdues from VIdea are down over 70% from peak, adding confidence to VIdea’s planned 4G/5G network investment
• Indus’s 229,658 towers thrive on Bharti Airtel & VIdea as anchor tenants
• Indus, led by 25% tenancy expansion, offers 10% Ebitda Cagr, strong cashflows, FCF yield of 7% & 23% ROCE by FY27CL
• Adani Group delivery data shows strong interest with Adani Enterprises (+1.7%, 2.3x avg), Ambuja Cements (+4.0%, 2.6x), and NDTV (+9.9%, 3.8x) leading in delivery multiples.
• NAZARA; A global fund to invest & likely trigger open offer - CNBCTV18
• NOTE ; Board Meet On 20 Jan To Consider issuing shares To Investor On Preferential basis
• CHINESE GDP YOY ACTUAL 5.4% (FORECAST 5%, PREVIOUS 4.6%)
• CHINESE UNEMPLOYMENT RATE ACTUAL 5.1% (FORECAST 5%, PREVIOUS 5.000%)
• CHINESE RETAIL SALES YOY ACTUAL 3.7% (FORECAST 3.6%, PREVIOUS 3.0%)
• CHINESE INDUSTRIAL OUTPUT YOY ACTUAL 6.2% (FORECAST 5.4%, PREVIOUS 5.4%)
• CHINESE GDP QOQ SA ACTUAL 1.6% (FORECAST 1.65%, PREVIOUS 0.9%)
• CHINA'S POPULATION EXPECTED TO REACH 1.41 BILLION AT END OF 2024, ACCORDING TO NBS
• CHINA'S 4Q GDP GROWS 5.4% YEAR ON YEAR, MISSING EXPECTATIONS OF 5%.
• Q3 EARNINGS TRACKER
• GOOD-RELIANCE, INFOSYS
• INLINE/MIXED-LTI MINDTREE
• WEAK-AXIS BANK, HAVELLS
• CLSA maintains Outperform on RelianceInd, with target of ₹1,650/share
• - Q3 results beat forecasts driven by strong upstream & retail performance, while Jio misses ARPU expectations
• - Retail EBITDA up 8%, with consumer grocery growth at 37% YoY; streamlining and new plans in FMCG, AI, and online grocery nearing completion
• CHINA'S POPULATION DECLINES FOR THIRD CONSECUTIVE YEAR IN 2024
• CHINA SEES 9.54 MILLION NEWBORNS IN 2024: NBS
• CHINA'S RETAIL SALES FOR JANUARY TO DECEMBER 2020 RISE 3.5% YEAR ON YEAR, MEETING ESTIMATED GROWTH
• CHINA DECEMBER INDUSTRIAL OUTPUT UP 6.2% YEAR ON YEAR, EXPECTED 5.4%
• CHINA'S 2024 GDP GROWS 5% YEAR ON YEAR, ESTIMATED AT 4.9%
• CHINA'S DECEMBER UNEMPLOYMENT RATE REACHES 5.1%, SLIGHTLY HIGHER THAN ESTIMATED 5.0%
• CHINA'S INDUSTRIAL OUTPUT INCREASES BY 5.8% YEAR ON YEAR IN JANUARY-DECEMBER; ESTIMATED GROWTH WAS 5.7%
• RELIANCE; DAM CAPITAL ON RELIANCE
• Maintain Buy, target price at Rs 1550 (Earlier Rs 1521)
• After a challenging 1HFY25, RIL has posted a decent recovery
• Retail has particularly bounced back after the recent recalibration of stores
• O2C remains steady despite challenging environment
• Jio continues to grow both in tariff and in subscribers
• Forecast FY25-27e EBITDA growth of ~12%
• Trading at a forward multiple of ~10x EV/EBITDA, vs the historical avg. of ~12x
• AXISBANK; CLSA on Axis BK
• O-P, TP Rs 1400
• 3Q PAT beat estimate by 5%, solely driven by lower expenses, while its top-line missed slightly
• Expected credit costs to inch up given environment, & nos in line with expectations.
• Loan growth is slowing, now reaching sub-10%
• RELIANCE; Jefferies on RIL
• Buy, TP Rs 1660
• Consol Ebitda 5% ahead of JEFe with Retail/O2C 8%/3% ahead
• Restoration of growth in Retail signals worst is likely behind
• Jio's Ebitda missed by 2%
• O2C profitability aided by refining, see improved outlook in FY26
• RELIANCE; DAM CAPITAL ON RELIANCE
• MAINTAIN BUY, TARGET PRICE AT ₹1550 (Earlier Rs 1521)
• After a challenging 1HFY25, RIL has posted a decent recovery
• Retail has particularly bounced back after the recent recalibration of stores
• O2C remains steady despite challenging environment
• Jio continues to grow both in tariff and in subscribers
• Forecast FY25-27e EBITDA growth of -12%
• Trading at a forward multiple of -10x EV/EBITDA, vs the historical avg. of -12x
• Global News: China’s economy shows steady growth with higher GDP, stronger retail sales, and stable fixed investment performance in 2024 (Agencies)
• INFY; Nomura on Infosys
• Buy, TP Rs 2220
• 3Q FY25 was an all-round beat
• Another guidance lift for FY25E
• Project Maximus’ impact on margins continues to play out
• Reiterate as top pick in large-cap India IT service
• AXISBANK; JEFFERIES ON AXIS BANK
• MAINTAIN BUY, TARGET PRICE :1,430
• Gross and net slippages 10-12% above estimates
• Deposit and loan growth remain soft, in line with expectations
• Higher provisioning observed, while NIMs were in line
• AXISBANK; NUVAMA ON AXIS BANK
• MAINTAIN BUY, TARGET PRICE 1,220 (FROM ₹1,335)
• Missed on all metrics except operating expenses
• Stock trading at 1.5x BV FY26E post-correction, offering downside support
• Cut below-consensus EPS by 2%/5% for FY25/26E
• Low growth and declining NIM offset by very low opex
• Credit cost is the highest among the top five banks, with the slowest deposit growth
• Muted deposit growth, NIM decline of 6bps QoQ, lower fees, and a sharp rise in slippages and credit cost
• Slippages driven by unsecured and agriculture loans
• AXISBANK; BERNSTEIN ON AXIS BANK
• MAINTAIN OUTPERFORM, TARGET PRICE:1,300
• Stagnant recoveries as credit costs rise
• Further moderation in opex growth expected
• ROAs maintained at 1.64%
• CHINA'S POPULATION AT END-2024 AT 1.408 BLN VS 1.409 BLN IN 2023 - STATS BUREAU
• TODAY'S Q3 RESULT
• WIPRO
• Tech Mahindra
• SBI Life Insurance
• Jio Financial Services
• Indian Hotels Company
• Mamata Machinery Q2
• ICICI Lombard General
• Rallis India
• Ramkrishna Forgings
• 5Paisa Capital
• Steel Strips Wheels
• Sterlite Technologies
• Swaraj Engines Limited
• Vinyl Chemicals (India)
• Aether Industries
• Atlas Cycles (Haryana)
• Concord Enviro Systems
• Excel Realty N Infra
• Ganesh Housing Corp
• MRO-TEK Realty
• N. B. I. Industrial Finance
• Next Mediaworks
• Ponni Sugars (Erode)
• Sanathan Textiles
• Seshasayee Paper
• Supreme Petrochem
• INFY; BOFA ON INFOSYS
• MAINTAIN BUY, TARGET PRICE ₹2,150
• Sequential revenue decline of 1% expected for Q4FY25
• Potential decline in third-party items or conservative company stance
• Discretionary spends show signs of recovery in European BFSI and US retail/CPG segments
• Spends remain unchanged for hi-tech and Betul communications segments
• Annual wage hikes in India planned at 6-8%, in line with expectations
• RELIANCE; ELARA CAPITAL ON RELIANCE
• REITERATE ACCUMULATE, TARGET PRICE AT Rs 1493 (FROM Rs 1632)
• Raise FY27E EPS by 2%, on weaker USD-INR at Rs 87.0 (from Rs 83.0)
• Reduce target price due to lower EBITDA from Retail
• Pared FY27E EV/EBITDA at 15.5x for Digital Services on saturating subscriber growth
• Retail- Expect lower revenue and EBITDA CAGRs at 6% (from 8%) and 9% (from 11%) through FY24-27E due to focus on improving efficiency
• TOMORROW Q3 RESULTS
• Kotak Mahindra Bank
• Can Fin Homes
• Chennai Petroleum
• RBL Bank
• Netweb Technologies India
• Sigachi Industries
• 3P Land Holdings
• Avantel
• Blue Coast Hotels
• Control Print
• Davangere Sugar
• DCM Shriram
• GP Petroleums
• Mangalam Global Enterprise
• Vardhman Acrylics
• Ksolves India
• METROBRAND; METRO BRANDS Q3 HIGHLIGHTS
• Q3 FY25 saw recovery in sales due to festive and wedding season as compared to the muted growth observed in H1 FY25.
• During the quarter, 24 new stores were opened. This was offset by 2 stores closures for the quarter.
• Ecommerce sales (including omni-channel) for the quarter was Rs 76 cr, with a year-on-year growth of 37%.
• EBITDA margins have improved due to better cost controls and restructuring of Fila's royalty with FILA global to align royalty expenses with expected revenue growth over next 2-3 years.
• RELIANCE; IIFL SECURITIES ON RELIANCE
• MAINTAIN BUY TARGET PRICE at Rs 1729
• Retail and O2C spring a positive surprise
• Expect 1% PAT growth for RIL in FY25 followed by 15% CAGR over FY25-27
• Progress on the potential listing of JIO Platforms would be keenly watched
• No incremental updates on the New Energy Business
• O2C will see Rs400bn-500bn capex through 2027 as RIL augments its PVC capacity by 200%
• Capex for ethane pipeline capacity to increase by 50% and adds 1/3 MMTPA capacity for polyester/PTA
• Morgan Stanley on LTMindtree
• OW, TP Rs 6800
• Good results and no disappointment on F4Q outlook (unlike other large caps) were positives.
• Weakness on margins is baked in buyside estimates, we think.
• Debate on productivity benefits being passed on to top client should settle in next 1-2 qtrs.
• DIXON; HSBC on Dixon Tech
• Buy, TP raised to Rs 19900
• 2024 was strong with a series of new client additions
• 2025 should see scaling up of Dixon’s mobile & IT hardware businesses, with expansion of new products & components
• Continue to expect FY26-27 consensus EPS upgrades
• LASTMILE; APPROVED STOCK SPLIT OF 1 SHARE INTO 10 SHARES
• INFY; INVESTEC ON INFOSYS
• MAINTAIN SELL HIKE TARGET PRICE to Rs 1,773 FROM Rs 1,700
• Operationally strong headline revenue, but internals appear weak
• Quarter also saw a 20bps benefit to revenue from the acquisition of Intech
• LTIM; MACQUARIE ON LTIMINDTREE
• MAINTAIN OUTPERFORM WITH TARGET PRICE OF Rs 7,100
• Record deal wins, broad-based growth across clients
• EBIT margin declined 170bp QoQ primarily due to the impact of wage hikes
• UBS ON APL APOLLO
• Upgrade to Buy from Neutral; raise to Rs1,900 from Rs1,600
• Growth momentum is likely to remain, aided by customers shifting from refurbished steel to HRC structural steel tubes
• MACQUARIE ON LTI-MINDTREE
• Maintain Outperform, TP 7100
• Record deals, broad based growth across clients
• Management suggested there was an impact from productivity benefits passed on to their top Hi-Tech customer
• EBIT margin declined 170bp QoQ primarily due to the impact of wage hikes per management.
• Commentary- CY25E will be better than CY24 and they are seeing an improvement in demand.
• HAVELLS; INVESTEC ON HAVELLS
• MAINTAIN BUY WITH TARGET PRICE OF Rs 1,850
• Revenues/ gross margins broadly in-line
• Earnings miss on higher opex
• Mixed performance across segments
• DCMNVL; LARGE TRADE NSE
• NIRMAL BANG EQ PVT.LTD BOUGHT 1.64 LKH SHARES @ ₹ 193.64/SHARE
• YATHARTH; LARGE TRADE NSE
• CITIGROUP GLOBAL MARKETS MAURITIUS PVT LTD SOLD 5,34,981 SHARES @ ₹ 458.34/SHARE
• ACTION FOR DAY
• U.S: industrial production
• China: GDP, retail sales, industrial production
• Q3 earnings-Tech Mahindra, Wipro, SBI Life Insurance,ICICI Lombard, Sterlite Tech, Rallis India, Jio Financial, IHCL
• Lock-in period ends for-Hyundai Motor India (20%)
• FORTIS HEALTHCARE: CO ACQUIRED 23.91% STAKE IN AGILUS DIAGNOSTICS FOR A TOTAL CONSIDERATION OF RS 1348.36 CRORES (RS 894.53 CRORES FOR 15.86% STAKE IN NJBIF AND RS 453.84 CRORES FOR 8.05% IN RESURGENCE)
• IIFL FINANCE: CO APPROVED THE ISSUANCE OF USD 325M (APPROXIMATELY RS 2,697.5 CR) SENIOR SECURED FIXED-RATE NOTES WITH A 3.5-YEAR TENURE AND AN 8.75% COUPON.
• RELIANCE; RIL On O2C BIZ
• Domestic demand remains strong: Oil demand up 6%, polymer 11%, and polyester 12%. Despite global margin pressures, domestic growth and higher volumes provided balance.
• Oil & gas: Steady quarter. Revenues dipped due to lower KGD6 volumes, but prices rose 0.8% to $9.74/MMBTU. Production steady at 28.04 mmCMD.
• RELIANCE; RIL Says Quarter-on-quarter, big jump coming from O2C, here it is on the back of higher refining margins, as well as improved PP and PBC deltas that we saw, otherwise even on O2C, marginal improvement in KGD6 gas price realisation
• RIL, IOCL, BPCL, HPCL, MRPL and Chennai Petro In Focus - ETNOW
• GRMs fall further
• Singapore GRM fall to $0.12/bbl - lowest since September 4, 2024
• Since January 9, GRMs have dropped 97%
• STOCKS UNDER F&O BAN LIST FOR 17 JAN
• STILL IN BAN
• AARTIIND
• ABFRL
• ANGELONE
• BANDHANBNK
• HINDCOPPER
• KALYANKJIL
• LTF
• MANAPPURAM
• RBLBANK
• STOCKS MOVED TO SHORT TERM ASM LIST
• GTV Engineering Ltd
• Octal Credit Capital Ltd
• Omega Interactive
• STOCKS OUT FROM SHORT TERM ASM LIST
• Alkosign Ltd
• ATV Projects India Ltd
• Bartronics India Ltd
• Bodhi Tree Multimedia
• Encode Packaging India
• Globalspace Tech
• Goldiam International
• Karma Energy
• PTC Industries
• SOUTHWEST; WINS RS 10.86 CR ORDER
• Co. has received two Letters of Intimation (LOI) from M/s Odisha Lift Irrigation Corporation Limited for installation of deep bore wells for Solar Pumping System in the state of Odisha.
• The aggregate value of both LOI’s including GST is ~ Rs. 10.86 Crores.
• DALMIA BHARAT-FACTORY INCIDENT-SEVERAL WORKERS TRAPPED
• NIFTY TO OPEN 34 PTS GAP DOWN
• RELIANCE; RIL + 4.4 % ON BETTER THAN ESTIMATED Q3 RESULT
• INFY; INFOSYS DOWN 3 %
• ADANIENSOL; JEFFERIES ON ADANI ENERGY
• BUY, TARGET 1300
• ZEEMEDIA; SEBI allows settlement in Zee Business media experts case
• Ten individuals to settle with a total amount of Rs. 5.57 crore
• Settling entities include profit makers, enablers and guest experts
• Nifty IT down over 2%; top sectoral loser mainly dragged by Infosys
• Nifty Metal top sectoral gainer so far led by APL Apollo Tubes, Hindalco
• Infosys falls over 4% at open following Q3 results announcement
• JSWENERGY; MOSL on JSW Energy
• Maintain Buy with TP of Rs 790 – 39% upside
• Concerns regarding the battery storage project overdone
• Battery project uncertainty and soft power demand weigh on the stock
• Limited impairment risk; 4% of FY26E EBITDA attributable to the project
• Limited downside risk on stress testing valuations
• Moves one step closer to acquisition of KSK Mahanadi
• TRENT; Kotak On Trent
• Downgraded To Sell , Target Cut To 5850 From 6800 earlier
• Aspiration is to improve margin by 200 bps to 19% in the next 2 yrs, expect Q4 to have better growth than Q3; Umang Nahata, Mastek says
• APLAPOLLO; UBS on APL Apollo
• Upgrade to Buy from Neutral; raise to Rs1,900 from Rs1,600
• Wipro to report Q2 earnings today, CC rev growth seen at -0.6% vs guidance of -2% to 0%
• Hindalco up nearly 2% after Nuvama upgrade to buy.
• LTTS; BofA on L&T Tech - Double Upgrade
• Upgrade to Buy from Underperform; Hike TP to Rs 6200 from Rs 4660
• Investment payoff arriving earlier than expected
• Uptick in deal wins implies start of pay-off phase
• New deal intake to outweigh slow spends in auto ER&D
• Acquisition aids favorable diversification, TAM expansion
• RELIANCE; RIL DOWN 2 % FROM OPENING
• Sharp Move In Soda Ash | China soda ash price extends gains, up more than 4% today; rises to highest levels in nearly 2 months. TataChem & GHCL in focus
• MASTEK; Mastek Management Says Aspiration is to improve margin by 200 bps to 19% in the next 2 yrs - CNBCTV18
• Expecting Q4 to have better growth than Q3
• FY26 growth profile should be moderately better than FY25
• Wage hikes impacted Q3 margins by 160 bps
• We are looking at investing in UK/ Europe geography via tuck in acquisitions
• AXIS BANK Q3 RESULT TRIGGERS SELL OFF IN OTHER BANK STOCKS
• NMDC , JSW STEEL , VEDANTA & OTHER METAL STOCKS ; Sources Says Mines Ministry likely to initiate the process to amend MMDR Act to mitigate the impact - ETNOW
• Mines Ministry will initiate inter-ministerial consultations after examining legal aspects
• Alert Various ministries incl Steel, Mines, Law held meeting last week to chalk out future plan
• Alert: Karnataka govt move comes in the backdrop
• SC ruling on mineral-bearing land & mineral rights
• Alert: Karnataka is country's leading producer of iron ore, accounts for 78% of India's total ore
• Sources Says Govt exploring options to safeguard mineral industry from steep hike in taxes on raw materials - Etnow
• Govt likely to amend MMDR Act to discourage states from making sudden tax hikes
• Move being contemplated against backdrop of the Karnataka govt's proposed additional taxes on minerals
• Alert: Karnataka govt passed Karnataka (Mineral Rights & Minerals Bearing Land) Tax Bill, 2024
• Alert: State govt has decided to levy a tax of 100/tn on bauxite, laterite, chromite, iron ore
• TATA CHEMICALS, DCW , GHCL ; China soda ash price extends gains, up more than 4% today; rises to highest levels in nearly 2 months
• DALMIABHA; 3 people feared trapped after coal hopper collapse at Dalmia Bharat’s Odisha plant
• Macrotech Developers up 5%
• Kotak Upgrade to Buy, FV 1340
• EICHER MOTORS
• KOTAK-Retain SELL, with a revised SoTP-based FV of Rs3,600 (from Rs3,500)3
• Nifty Bank at day's low; down over 400 points off day's high; down over 1.3%
• Infosys and Axis Bank down over 5% after reporting their Q3 earnings
• RAIL STOCKS; Elara Says Expectation Is High For Railway Sector With 5% YoY Increase In Allocation - CNBCTV18
• Expect The Railway Allocation At Around 2.72 Lk Cr In Budget 2025-26
• EICHERMOT; KOTAK On EICHER MOTORS
• Retain SELL, with a revised SoTP-based FV of Rs3,600 (from Rs3,500)
• Royal Enfield's growth may slow, with margins missing expectations due to weaker product mix and higher promotions.
• VECV gains market share in M&HCV but faces demand pressure.
• At 29X FY26E EPS, EIM looks pricey given a 9% EBITDA CAGR forecast for FY24-27E.
• Govt exploring options to safeguard the Industry from a steep hike in taxes on raw materials
• Govt likely to amend the MMDR Act to discourage states from making sudden tax hikes
• The move is being contemplated against the backdrop of the Karnataka Govt's proposed additional taxes on minerals
• Alert: Karnataka Govt has passed the Karnataka (Mineral Rights and Minerals Bearing Land) Tax Bill, 2024
• Alert: The state govt has decided to levy a tax of Rs 100/tonne on bauxite, laterite ore, chromite, iron ore, and magnesite
• Mines Ministry likely to initiate the process to amend the MMDR Act to mitigate the impact
• Ministry will initiate inter-ministerial consultations after examining the legal aspects.
• Alert: Various ministries, including Steel, Mines, and Law, held a meeting last week to chalk out a future plan
• Alert: Karnataka Govt move comes in the backdrop SC ruling on mineral-bearing land and mineral rights
• Karnataka is the country's leading producer of iron ore, accounts for 78% of India's total iron ore reserves
• LODHA; KOTAK ON MACROTECH
• UPGRADE TO BUY , TARGET UNCHANGED AT 1340
• Lodha reports strong growth with a 31% pre-sales CAGR (FY21-24) and 9MFY25 pre-sales up 25% YoY at ₹128 bn, 73% of FY25E guidance.
• Land rates in Palava rise due to infrastructure upgrades.
• Plans to enter a new city could boost growth.
• At 10X FY26E EV/EBITDA, Lodha looks attractively valued.
• Elara Capital Says We Are Positive On Rites And BEML
• Positive On Siemens As Co Is Moving From Loco To A Metro Player
• GODIGIT; 73 LKH SHARES EXCHANGED VIA BLOCK DEAL
• Infosys bags multiple target hikes from analysts after raising revenue guidance for a third consecutive time
• VEDL; Shareholder Meeting Will Be Held On Feb 18 For Approval Of Demerger Announcement
• MAPMYINDIA; Qualcomm enters strategic collaboration with MapmyIndia to accelerate ‘Make in India’ solutions for automotive
• Qualcomm and MapmyIndia work together to offer automotive solutions, which include
• connectivity and connected services for 4 wheelers and 2 wheelers segments
• Solution designed to enhance convenience, enable affordable connectivity, and improve vehicle and road safety
• INDHOTEL; HDFC MF SOLD 1.23 % STAKE ON 15 JAN VIA OPEN MARKET
• STAKE REDUCED TO 2.98 % FROM 4.21 % EARLIER
• INDHOTEL; HDFC MF CUTS STAKE AHEAD Q3 RESULTS
• VEDANTA: CO'S SHAREHOLDING MEET WILL BE HELD ON FEB 18 FOR THE ANNOUNCEMENT OF THE DEMERGER
• BIG NEW FOR MAP MY INDIA (CE INFOSYSTEM)
• C.E. INFO SYSTEMS: QUALCOMM ENTERS STRATEGIC COLLABORATION WITH CO TO ACCELERATE ‘MAKE IN INDIA’ SOLUTIONS FOR AUTOMOTIVE
• HINDZINC; ANTIQUE ON HIND ZINC
• UPGRADE TO HOLD FROM SELL, TARGET PRICE 451 FROM EARLIER 419
• Hindustan Zinc (HZ), the world's 2nd largest integrated zinc producer, targets cost reductions to $1,050-1,100/ton in the short term and $1,000/ton medium term. Zinc and lead markets are expected to remain balanced in CY25, with stable prices supported by Chinese demand and INR depreciation aiding profitability.
• Silver production is set to rise to 1,000 tons in FY25 (from 746 tons in FY24), with domestic silver prices up 26% YoY. Upward revisions in USD:INR and silver prices boost FY26/27 EBITDA estimates by ~5%. Target price is raised to INR 451 (from INR 419), and the rating is upgraded to HOLD after a ~30% stock correction.
• Dixon Tech recovers nearly 2%, HSBC raises target
• UBL; ‘Kingfisher Mango Berry Twist Flavoured Beer’ and ‘Kingfisher Lemon Masala Flavoured Beer’, will be available in the Union Territory of Daman and the State of Goa, from this month.
• The current launch is focused on catering to the domestic market only
• HAVELLS; Management Says 70% Of Sales In C&W Segment Comes From Domestic Wires - ETNOW
• Positive Overall Performance In Q3 With Growth Of 15% Except C&W Segment
• Business Likely To Grow In Mid-double Digits Ex-Lloyd
• Lloyd Will Become Profitable In FY26
• Margin Will Come Back To 12-13% By End FY25 Ex Of Lloyd
• Margin Will Return To Normal Levels In Q4
• CRISIL Rating Says May See Slowdown In AUM Of Vehicle Financing NBFCs - CNBCTV18
• Expect AUM Growth Of 15-16% For Vehicle Financiers
• Expect CV Sales Growth To Be Muted
• NBFCs Are Focusing More On Used CV For Financing
• Follow Margin Of Vehicle Financiers Can Dip By 10- 20 bps
• SURANAT&P; Surana Telecom and Power Ltd. secured a 54 MW solar power project under the Mukhyamantri Saur Krushi Vahini Yojna 2.0 from Maharashtra State Electricity Distribution Co. Ltd.
• The project will be implemented in Maharashtra under the PM-KUSUM Scheme.
• Estimated Project Cost is Rs. 190 Crores.
• C2C Advanced Systems Ltd launches MAGI-C4ISR, a modular platform for designing next-gen C4ISR systems. It unifies development, integrates sensors, data, and communications, ensuring cyber security and operational efficiency.
• India’s economy expected to grow by 6.5% in FY25, says World Bank in its Global Economic Prospects report.
• SURANA TELECOM: CO RECEIVED LOA FOR DEVELOPMENT OF 54 MW (AC) SOLAR POWER PROJECT WORTH 190 CR RUPEES
• MCAP 340 CR
• ATL; Board pproved Preferential issue of equity shares of Allcargo Terminals Limited (ATL”) for consideration other than cash, i.e. in lieu of acquiring 15% shares of
• Speedy Multimodes Limited (“SML”), held by Mr Ashish Chandna, Chief Executive Officer of the Company & SML.
• SML is an erstwhile subsidiary of the Company which would become a Wholly Owned Subsidiary post the proposed acquisition.
• ATL; Acquiring a 15% stake aims to boost operational efficiency, making SML a wholly owned subsidiary and improving operational, regulatory, and procedural benefits.
• The Cost of Acquisition of shares is INR 66.3 per Equity Share of the Target Company.
• HFCL's share price rallies 4% in early trade after it bags order of about Rs 2,501 crore from BSNL.
• Bharat Mobility Kicks off in New Delhi
• Maruti Suzuki to unveil the company’s first electric vehicle the e-vitara
• Hyundai to formally launch the e-Creta and will announce the cost of the electric SUV
• Tata Motors to unveil the new production ready Sierra EV and Harrier EV
• Hero MotoCorp to launch the new Xtreme 250, Xpulse 210, Zoom 160 and Zoom 125
• Ola Electric, Ather, TVS and Bajaj Auto to all display their latest electric vehicle and flex fuel products
• Ashok Leyland, Tata Motors & VECV to display future EV & Hydrogen Fuel Cell vehicles - CNBCTV18
• Other Launches
• Toyota to showcase the new Land Cruiser and Plug In Hybrid and Flex Fuel Vehicles
• MG Motor to unveil the MG Cyberster and M9 a Presidential Limousine
• Porsche to showcase the Macan BEV Turbo, The Taycan All electric, Panamera GTS, 911 GT3 RS
• Chinese Company BYD to unveil the Sealion 7, a performance electric SUV
• Vietnams Vinfast to make a brand debut at the auto and unveil EV product range for India
• NIFTY SUDDEN DOWN MORE THAN 150 POINT
• HDFC AMC sold 1.25% stake in Indian Hotel on 15th Jan, continue to hold remaining 2.98% stake
• HDFC MF CUTS STAKE AHEAD Q3 RESULTS
• ASIAN PAINTS UP 1.5% IN DAY'S TRADE
• Price of 10 grams of 24 karat gold in India stands at Rs 79,340 as of 11:00 am. Global rates push above $2,700 ceiling to hit $2,714.
• QuadrantFutureTek share price surges 20% to hit the upper circuit
• BPCL: CO TO CONSIDER Q3 RESULTS & DIVIDEND ON JAN 22
• GRWRHITECH; Garware Hi‐Tech Films Sets a New Benchmark in India with 4 First‐in Class initiatives redefining the Indian Automotive care market
• The Company is going to unveil two advanced products at Bharat Mobility Global Expo 2025, Delhi — Coloured Paint Protection Film (PPF) and Head & Taillight Glass Protection Film alongside strategic alliancesthat promise unmatched accessibility and ownership ease.
• Kotak AMC Says Market will wait for some more days after Trump swears in - ETNOW
• FPIs are underweight India v/s other other EMs
• FPIs might decide to come back as India Inc continues to do well
• FPIs will have to come back to India as we continue to report double digit corporate earnings growth with high govt standards
• Fundamentals are finally catching up with valuations
• This is a bottom up stock pickers' market
• Corporate earnings growth for Q3 FY25 not encouraging so far
• HAVELLS: CO SAYS POSITIVE ON GROWTH AND MARGIN FOR Q4 - CONCALL UPDATE
• HAVELLS: CO IN CONCALL SAYS POSITIVE ON GROWTH & MARGIN FOR Q4 || LIGHTING SEG VOLUME GROWTH HEALTHY AT 13-14%
• INDIAGLYCO; Gorakhpur Unit will be awarded on January 16, 2025, for achieving the highest sales of its Country Liquor brand "Bunty Bubbly" in 2023-24, for the second consecutive year.
• Global Markets:
• Nikkei - 118 points -0.31 %
• Strait Times - 9 points 0.24 %
• Hang Seng - 82 points 0.42 %
• Taiwan - 123 points 0.53 %
• Kospi - 5 points -0.21 %
• Shanghai -13 points 0.41 %
• Dow Futures - 68 points
• FTSE Futures - 38 points
• Crude (Brent) 81.67 - 0.38 point 0.47%
• Crude (WTI) 79.25 - 0.57 point 0.72%
• Dollar Rupee 86.59 - 0.0125 point
• Gold (Spot) 2712 - 2.35 point -0.09
• EXICOM; Exicom integrates the power of renewable energy and advanced EV charging; debuts powerful solutions in Bharat Mobility 2025
• Unveils Harmony Boost– EV chargers integrated with Battery Energy Storage System (BESS)
• Introduces high-power, distributed EV charging through its Harmony Dispenser Unit
• CAPLIPOINT; CAPLIN STERILES GETS USFDA APPROVAL FOR LEVETIRACETAM IN SODIUM CHLORIDE INJECTION, INFUSION BAGS
• Bharat Mobility Global Expo 2025 | "EV revolution in India changing the automotive landscape," says Commerce Minister Piyush Goyal
• CAPLIN POINT LABORATORIES LTD - STERILES GETS USFDA APPROVAL FOR LEVETIRACETAM INJECTION
• EXICOM IN FOCUS
• EXICOM: CO INTEGRATES THE POWER OF RENEWABLE ENERGY AND ADVANCED EV CHARGING; DEBUTS POWERFUL SOLUTIONS IN BHARAT MOBILITY 2025
• CAPLIPOINT; This is the second Ready-To-Use Infusion bag (RTU Bags) ANDA drug product approved for Caplin Steriles, with a further 6 products under review with FDA for RTU Bags segment.
• According to IQVIATM (IMS Health), Levetiracetam in Sodium Chloride Injection had US sales of approximately $19 million for the 12-month period ending November 2024.
• EXICOM; Exicom integrates the power of renewable energy and advanced EV charging; debuts powerful solutions in Bharat Mobility 2025
• Unveils Harmony Boost– EV chargers integrated with Battery Energy Storage System (BESS)
• Introduces high-power, distributed EV charging through its Harmony Dispenser Unit
• BharatMobilityExpo2025 | "The coming decade belongs to the Indian auto industry!" says Prime Minister Narendra Modi at Bharat Mobility Global Expo 2025.
• Government launches National Broadband mission 2.0
• - Aims to ensure high speed broadband connectivity for all by 2030, including rural population.
• - Operational optic fibre cable connectivity to 2.7 lakh villages from existing 50,000
• - Achieve broadband speed of 100 MBPS from 63.5 now
• - To achieve 100% mapping of fiber networks owned by PSUs by 2026.
• Source - NDTV Profit
• Indian Oil Corp: Co To Consider Q3 Results On Jan 27
• AETHER; Q3 NET PROFIT AT 41 CR V 19 CR YOY
• REVENUE AT 197 CR V 155 CR
• AETHER; Q3 EBITDA AT 59.5 CR V 31.2 CR YOY
• MARGINS AT 30.2 % V 20.1 %
• AETHER INDUSTRIES: Q3 SL NET PROFIT 409M RUPEES VS 190M (YOY)
• AETHER INDUSTRIES: Q3 EBITDA 597M RUPEES VS 313M (YOY) || Q3 EBITDA MARGIN 30.24% VS 20.17% (YOY)
• STELLAR SHOW
• BIG BEAT YOY AND QOQ
• NIFTY RECOVERED 125 PTS
• DGCONTENT; Q3 NET PROFIT AT 6.6 CR V 0.55 CR LOSS YOY
• REVENUE AT 109 CR V 108 CR.
• DGCONTENT; Q3 EBITDA AT 13.6 CR V 9.34 CR YOY
• MARGINS AT 12.45 % V 8.6 %
• KRN; INVESTOR MUKUL AGARWAL NAME IN Q3 SHAREHOLDING WITH 1.6 % STAKE
• India to hit 20% Ethanol blending target by March (in two months) said Nitin Gadkari
• PURVA; Provident Housing Announces Launch of New Phase of Provident Ecopolitan, Bengaluru
• Building on the overwhelming sold out success of Phase 1, the new phase offers thoughtfully designed homes that seamlessly integrate sustainable design with contemporary living
• PM MODI Says India's automotive industry is future-ready, with nearly 12% growth last fiscal - CNBCTV18
• The youth demographic will be the auto industry's biggest customer, with the new middle class buying their first vehicle
• By 2030, the number of electric vehicles in India is expected to grow eight times
• Over 1,200 electric buses supplied by the Centre are already running in Delhi
• The PLI scheme has encouraged 2.5 lakh crore in vehicle sales and created over 1.5 lakh jobs
• The PM E-DRIVE scheme will support the purchase of nearly 14,000 electric buses
• ANURAS; Crisil Ratings Limited, has upgraded Anupam Rasayan India Limited’s Long-Term Rating at “Crisil A+/Stable“ and reaffirmed Short-Term Rating at Crisil A1.
• SWARAJENG; Q3 NET PROFIT AT 32 CR V 24 CR YOY
• REVENUE AT 345 CR V 280 CR
• SWARAJENG; SWARAJ ENGINES Q3 HIGHLIGHTS
• Highest ever 03 engine sales
• Q3 - PBT margin improved by 90 basis points
• 11th successive quarter of growth (YoY)
• Q3 Engine Sale volume Up 27 % YOY
• GANESH HOUSING CORP: Q3 CONS NET PROFIT 1.6B RUPEES VS 1B (YOY)
• BIG BEAT YOY AND QOQ
• GANESHHOUC; Q3 EBITDA AT 211 CR V 136 CR YOY
• MARGINS AT 82.1 % V 75.3 %
• *GOOD COMMENTARY FROM AETHER POST GOOD RESULTS*
• 1. SSA with Baker Hughes order finalised, validation quantities manufactured, raw materials ordered and ramp-up from *Q4-FY25*
• 2. COMPANY SAYS Many more to come in future
• 3. Site 2 operating at full capacity post the revocation order from GPCB, in Jan 2025
• PM Modi at Auto Expo highlights India’s future-ready automotive industry, with 12% growth last fiscal and a booming youth market.
• CGPOWER; CG Power and Industrial Solutions Limited, ISM and CG Semi Private Limited (Subsidiary Company/Project Company incorporated for setting up the OSAT facility) has today i.e. 17th January, 2025 entered into the Fiscal Support Agreement.
• SwarajEngines Q3
• Net Profit up 33% at ₹32 cr Vs ₹24 cr (YoY)
• Revenue up 24% at ₹345.5 cr Vs ₹279.5 cr (YoY)
• EBITDA up 36.4% at ₹44.3 cr Vs ₹32.5 cr (YoY)
• Margin at 13% Vs 11.6% (YoY)
• CGPOWER; Note ; Earlier The India Semiconductor Mission (ISM) under MeitY approved a subsidy of up to ₹3,501 crore for capex, pending a Fiscal Support Agreement.
• DALMIABHA; CLARIFICATION
• Co. says Coal Hopper Was Operated By A Third-Party Vender Engaged By The Company
• Whereabouts of three persons are yet to be ascertained
• Plant operations team working on rescue operation at accident site
• VINYL CHEMICALS: Q3 SL NET PROFIT 50M RUPEES VS 69M (YOY)
• VINYL CHEMICALS: Q3 EBITDA 36.6M RUPEES VS 87M (YOY) || Q3 EBITDA MARGIN 2.50% VS 5.05% (YOY)
• POOR YOY AND QOQ
• MARUTI : Will start production of E-VITARA in Gujarat plant in the next few months
• E-VITARA will be exported to more than 100 countries
• GDL : The company received a demand notice from the Income Tax Department for FY 2018-19 amounting to ₹5,58,13,178, as disclosed on July 12, 2024. After filing a rectification application under Section 154, the revised demand was reduced to ₹1,48,38,647.
• The company still disputes the revised amount and will file another rectification application under the Income Tax Act, 1961.
• GETALONG : Getalong Enterprise Aligns with Government Digital Initiatives as Authorized E-Return Intermediary
• Opens doors to recurring revenue streams by tapping into the expanding e-filing market.
• GANESHHOUC : GANESH HOUSING Q3 HIGHLIGHTS
• NEW PROJECT : Recently added One Thaltej with a saleable area of 1.8 msf, to upcoming commercial project pipeline; currently in the planning stage, with construction set to commence in this quarter
• ONGOING PROJECT : Malabar Retreat is currently in the construction stage, nearing 22% completion
• Million Mind Tech Park Phase 1 is currently in the construction stage, nearing 75% completion
• Malabar Exotica sale deed execution is almost complete and hand over of the project has been completed during last quarter.
• BHAGYANGR : Shri. Narender Surana Managing
• Director of the Company resigned from the Directorship of the Company with effect from close of business hours on January 15, 2025.
• Global Markets
• FTSE - 81 points 0.96 %
• CAC - 50 points 0.65 %
• DAX - 94 points 0.46 %
• DOW FUT - 78 points
• Crude (Brent) 81.8 - 0.51 point 0.63%
• Crude (WTI) 79.3 - 0.62 point 0.79%
• Gold (Spot) 2710 - 4.64 point -0.17%
• AMAL Q3 : NET PROFIT AT 16.5 CR v 0.23 CR YOY
• REVENUE AT 45.9 CR v 23.5 CR
• AMAL Q3 EBITDA AT 20.3 Cr V 6 CR YOY
• MARGINS AT 44.5 % V 23.5 %
• MARUTI : Maruti Suzuki unveils its first electric SUV - e VITARA
• e VITARA is built on an All-New electric vehicle (EV) platform, HEARTECT-e for superior performance.
• Based on the concept of an "Emotional Versatile Cruiser", the e VITARA blends a spirit of Hi- Tech and Adventure with Bold & Masculine SUV styling, featuring R18 (18") aerodynamic alloy wheels.
• 2 Battery Options: 49kWh and 61kWh, Freedom to drive more than 500 km² on a single charge.
• LANDMARK : Q3 BIZ UPDATE
• Q3 Revenue Up 26.3 % To 1,645 Cr YOy
• Vehicle sales (including Agency Sales) Up 29.93% To 1,363 Cr YOY
• LANDMARK : Q3 BIZ UPDATE
• The company has reduced inventory quarterly, maintaining levels well below the industry average of 60 days (FADA report).
• Nine workshops opened in the first 9 months of FY25, with more planned for Q4. Kia Hyderabad workshop launches in Q4 FY25, and Mercedes-Benz Patna operations start in Q1 FY26.
• In Q3 FY25, 7 Mahindra & Kia facilities in Hyderabad began operations, starting in November 2024.
• The company also acquired a Kia Sales outlet in December 2024 and completed 22 of 24 planned outlets for the fiscal year ahead of schedule.
• TVSMOTOR : TVS MOTOR COMPANY SHOWCASES TRANSFORMATIONAL CONCEPTS IN FUTURE MOBILITY AT THE BHARAT MOBILTY GLOBAL EXPO 2025
• Designed and made in India, for the world" concepts showcased (1) the world's first CNG scooter, (2) first android auto powered electric scooter, (3) electric bicycles for urban mobility (4) last mile transportation solutions.
• Future concepts of the existing product range-TVS RTSX, TVS Vision iQube, TVS - X NFE, TVS Raider Flex, TVS iQube ST 2025-make their debut.
• PONNIERODE : Q3 NET PROFIT AT 2.4 CR V 11.64 CR YOY
• REVENUE AT 115 CR V 124 CR
• PONNIERODE : Q3 EBITDA AT 10.29 CR V 20.57 CR YOY
• MARGINS AT 8.9 % V 16.5 %
• IDBI : CLARIFICATION ON STAKE SALE
• Strategic Disinvestment Of The Bank Is In Process And Entirely Being Handled By DIPAM
• SANATHAN; Q3 NET PROFIT AT 32.5 CR V 30.2 CR YOY
• REVENUE AT 742 CR V 745 cr
• SANATHAN TEXTILES: Q2 SL NET PROFIT 350M RUPEES VS 321M (YOY)
• SEP QTR NOS CO IS NEWLY LISTED
• SANATHAN; Q3 EBITDA AT 52.28 CR V 51.74 CR YOY
• MARGINS AT 7.08 % V 6.95 %
• Nuvama upgrades Hindalco:
• 1. Novelis EBITDA/tn will bounce back to 500$/tn and beyond
• 2. Indian operations have margin levers on captive coal and VAP
• 3. Capex lined up will not stress Balance sheet
• BINANIIND; Board Meet On 24 Jan To consider and discuss the proposal for the change of name from "Binani Industries Limited" to "BIL Enterprise Limited" or any other name as may be decided and approved
• SBILIFE; Net Profit A71% At 551 Cr Vs 322 Cr (YoY)
• HEROMOTOCO; 'Hero Xoom 160' launched at Auto Expo ,Starting Price ₹86,900
• HEROMOTOCO; HERO MOTOCORP LAUNCHES EXCITING PRODUCTS IN PREMIUM AND SCOOTER SEGMENT
• EXPANDS SCOOTER PORTFOLIO WITH XOOM 125 AND XOOM 160
• SHOWCASES FIRST FLEX-FUEL MOTORCYCLE AND GLOBAL ELECTRIC VEHICLE RANGE
• PRESENTS "HERO PREMIA" NEW PREMIUM SHOWROOMS WITH STATE-OF-THE- ART INFRASTRUCTURE AND CUSTOMER EXPERIENCE
• HEROMOTOCO; Pricing Of Newly Launched vehicle ( Ex Showroom (
• Xtreme 250R ; Rs. 1,79,900
• Xpulse 210 ; Rs. 1,75,800
• Xoom 160 ; Rs. 1,48,500
• Xoom 125 ; Rs. 86,900
• AurobindoPharma off lows after Investec initiates a FAST (high conviction short-term analyst ideas) on the company
• LTIMindtree share price snaps two-day rise, falls as brokerages concerned about company's margins after Q3 results.
• NBCC 9% up
• VRFILMS; VR Films and Studios Limited has signed a multiyear partnership deal with Airtel Xstream for distributing "VROTT" on Airtel Xstream platform.
• From 17th January 2025 ie today, VROTT APP will be available on Airtel Xstream platform.
• With this VROTT will now be available to 35 crore subscribers of Airtel telecom as an Advertising based Video on Demand (AVOD).
• VROTT App is also available for Android and IOS users on their respective play store and apple app store.
• With this development, we hope to achieve new heights in terms of revenue.
• Sathlokhar Synergys ; WINS RS 16.94 CR ORDER
• DIXON TECH Q3 RESULT ESTIMATES YOY - CNBCTV18
• PROFIT UP 84 % TO 176 CR
• REVENUE UP 112 % TO 10244 CR
• EBITDA UP 106 % TO 379 CR
• MARGINS AT 3.71 % V 3.82 %
• SBILIFE; Q3 SBI LIFE New Business Premium At ₹10,530 Cr Vs Est ₹10,532 Cr
• VNB Margin At 26.9% Vs EST 26.9%
• Total APE At ₹6,940 Cr Vs est ₹6,860 Cr
• KRYSTAL; WINS RS 6.84 CR ORDER
• KRYSTAL; Co. has received a work order from
• Mahatma Phule Backward Class Development Corporation Limited on January 16, 2025 for providing Manpower Services.