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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.

January 16, 2025

  • CLSA On HDFC Life
  • Outperform Call, Target Cut To Rs690/Sh
  • Financial Performance Healthy, But Weak Sentiment Could Persist
  • No Communication On Banca Mix Capping, Only On Tightening Processes
  • Growth Slowdown In Q3
  • Good Financial Performance, Chaotic Regulatory Landscape
  • Jefferies on HDFC Life
  • Buy Call, Target At Rs750/Sh
  • Q3 Results Were Better Than Expected
  • Despite Softer Premium Growth, VNB Was Aided By Better Product Mix
  • Clarity On Banca Norms Is Limited And This Will Be Key For Visibility Of Growth & Rerating
  • Investec on HDFC Life
  • Maintain Buy, TP 850
  • Major positive surprise on margins
  • Banca concerns allayed to some extent
  • Cut enterprise value by 2% due to downgrades to economic variance
  • Management mentioned margin improvement is sustainable
  • Macquarie on HDFC Life
  • Maintain Neutral, TP 570
  • Muted VNB growth primarliy driven by lower APE growth
  • VNB margins revert to 26% levels
  • APE growth moderation was broadbased
  • Expect HDFC Life to meet its 17% VNB guidance
  • HSBC On HDFC Life
  • Buy Call, Target At Rs750/Sh
  • Sequential Margin Improvement Was Higher Than Expected In Q3
  • Focus On New Customer Acquisition And Deepening Distribution Should Aid Growth
  • Margin Has Bottomed Out As Incremental Mix Change On Low Margin Linked Pdts Would Slow Down
  • Margin Has Bottomed Out As Sales Of Credit Protection Improve
  • Margin Would Improve In A Rate-Cut Cycle As They Are Negatively Correlated
  • HSBC On L&T Tech
  • Buy Call, Target At Rs6,000/Sh
  • Q3 Was A Decent With Marginal Downward Revision In FY25 Guidance, Which Is Challenging
  • Intelliswift Integration Is Margin Dilutive & A Downside Risk To Consensus
  • Better-than-expected Synergies Would Be A Positive
  • Think Co Has One Of Best ER&D Capabilities In Sector & Reasonable Relative Valuations
  • Nomura On L&T Tech
  • Neutral Call, Target At Rs4,900/Sh
  • Strong Performance At Both Revenue And Margin Levels Was Seen In Q3 Results
  • Deal Wins Strong, Pipeline Is Robust
  • FY25 Guidance Tweaked To 8% Organic Growth (From 8-10% Earlier)
  • EBIT Margin To Improve Gradually Over FY26-27
  • Stock Currently Trades At 27.8x FY27 EPS
  • Citi On L&T Tech
  • Sell Call, Target At Rs4,435/Sh
  • Q3 Revenue & EBIT Were Slightly Better Than Expected
  • Forward Looking Indicators Include Revenue Guidance (Including Acquisition)
  • Revised Organic Guidance Is Also Forward Looking
  • Highest Ever Large Deal Bookings, As Per Mgmt, On Back Of A Weak Q2
  • Macquarie on LTTS
  • Maintain Underperform, TP 4310
  • Good growth in Technology vertical; record deal wins
  • Acquisition of Intelliswift pivots the portfolio towards the faster-growing Digital Software Engineering segment
  • Anticipates challenges in automotive to continue for a couple more quarters
  • Continue to see IT Services firms as growing faster than ER&D firms
  • Continue to prefer Persistent Systems over LTTS
  • Nuvama on LTTS
  • Maintain Hold, TP 4852
  • Mixed Q3FY25 results
  • Management commentary was upbeat amidst record-high deal-wins
  • FY25 guidance is largely maintained—now expecting ~10% growth
  • Margin guidance has been pushed further down due to Intelliswift acquisition.
  • Cutting FY25E/26E EPS by -2%/-5% on lower other income due to acquisition
  • Macquarie On HDFC Bank
  • Outperform Call, Target At Rs2,300/Sh
  • HDB Fin’s Q3 Credit Cost Is Inching Up
  • PpOP Growth For HDB Fin Was In Line With Loan Growth
  • Believe The Increase In Credit Costs Could Be Probably Attributed To Stress In Unsecured Segment
  • There Is Some Stress In The Commercial Vehicle And Construction Equipment Portfolio
  • Credit Cost Trends For Players With High Unsecured & CV/CE Exposure Has Seen Rising Trajectory In H1
  • UBS on FY26 Budget
  • Government to continue with consolidation
  • Revenue collection to marginally improve in line with nominal GDP
  • Key focus: capex, consumption and employment but within fiscal boundaries
  • Muted impact on equities
  • If FY26 capex is budgeted at around Rs11 trn (similar to the FY25 budgeted capex), it would be negative for L&T
  • 10-year government bond yield to decline to 6.25% in FY26E
  • BofA on FY26 Budget
  • India well placed to hit its fiscal targets
  • Fiscal deficit set to dip to 4.5% of GDP
  • Rising dilemma between fiscal prudence and growth needs
  • Capex prioritized, but capacity issues coming to the fore
  • Revenue growth may maintain a steady pace
  • Debt not deficits could be the mantra going forward
  • Fiscal policy easing likely to be on flow, lagged on stock
  • GDP growth partly hinges on capex spending coming back
  • MS on MGL
  • Maintain Overweight, TP 1606
  • Share price will rise in absolute terms over the next 30 days
  • Play on increasing miles traveled in Mumbai
  • Four-wheeler CNG conversions outperform
  • 6% EPS CAGR for F25-F28e and 16% sustainable RoCE
  • See attractive risk-reward.
  • HSBC On Agro Inputs
  • 2025 Chemicals Industry Outlook Is Subdued
  • There Are Pockets Of Opportunities In Certain Segments
  • Expect Challenges To Persist In 2025, But US Mkt May Be The Bright Spot As Demand Has Improved
  • Reiterate Buy On UPL & Hold On PI Industries
  • Bernstein On Internet Cos
  • Outperform Call On Zomato, Target At Rs315/Sh
  • Outperform Call On Swiggy, Target At Rs635/Sh
  • Outperform Call On Info Edge, Target At Rs8,630/Sh
  • Market Perform Call On Nykaa
  • 2024 Was A Robust Year For India’s Internet Stock Performance Delivering 50%+ Sector Returns
  • Continue To Expect Strong Performance In 2025 With Quick Commerce Most Preferred Sub Sector
  • Prefer Scaled Platforms (Zomato, Swiggy In QC) & Profitable Leaders (Info Edge In Classifieds)
  • Expect Further Profitability Improvement In Zomato’s Food Delivery Segment
  • Zomato To See Strong Topline Growth Driven By Quick Commerce
  • Swiggy Well Positioned In Market & Will Expect To Benefit From Multiple Growth Drivers
  • Info Edge Benefits IT Hiring Upcycle & Strengths In Real Estate
  • JPM on Q-Commerce (Dark Stores Update)
  • Swiggy-Maintain Overweight, TP 730
  • Zomato-Maintain Overweight, TP 340
  • View current share prices as attractive entry points for both stock
  • Blinkit & Zepto have crossed their FY25 targets of 1000/700 stores in 3QCY24
  • Zepto leads the pack with the most dark stores with Blinkit marginally behind.
  • In Dec-24, dark store additions were largely beyond top 3/5/10 cities
  • Blinkit opening stores in >90 cities, which points to potentially a larger market beyond the top 10/20 cities .
  • Within top 3 cities, each player continues to chase population density
  • Zomato’s Quick Comerce P&L is the only one that can absorb this without a meaningful dent in contribution margin (CM) and EBITDA margins
  • All players – Zomato, Swiggy and Zepto – are adding >200 Dark Store in Q1CY25
  • CLSA On Zomato
  • Outperform Call, Target Raised To Rs400/Sh
  • Adding To High Conviction List
  • Recent Stock Correction Offers An Opportunity To Gather Quick Comm & Food Delivery Mkt Leader
  • Entire Quick Comm Profit Pool Is Set To Expand Rapidly Over Next Three Years
  • Quick Comm Profit Pool Is Set To Build 51% Revenue CAGR & 502% EBITDA CAGR In FY24-27
  • Expect Q3 Quick Commerce Margin To Be Softer
  • Softer Margin Will Largely Be A Function Of Faster Expansion
  • CLSA on Consumer 2025
  • Four themes for 2025
  • The shift to organised trade will accelerate further in 2025. We see the key beneficiaries of this as: Zomato, Swiggy, DMART and ITC.
  • We see potentially adverse effects for: Hindustan Unilever, Marico, Godrej Consumer, Jubilant Foodworks & Westlife Foodworld.
  • Rural growth to recover but impact muted. The key beneficiaries are: Nestle and Britannia. q Premium categories to grow faster. We see the key beneficiaries as: Titan, Nestle, Britannia, Varun Beverages and DMart.
  • Investor focus will likely shift to returns as capex intensity and M&A activity in FMCG increases. Positively impacted by theme are: Zomato, Swiggy, Varun Beverages and Titan.
  • Adversely impacted by theme are: Hindustan Unilever, Marico, Godrej Consumer, Jubilant Foodworks and Westlife Foodworld.
  • UBS on Telecom
  • Upgrade Indus Tower to Buy, TP Rs 425
  • Maintain Neutral on Bharti A, TP raised Rs 1707
  • Buy on VodaIdea - TP cut to Rs 13 from Rs 19
  • On Indus Tower
  • Believe Co well positioned to surprise on dividends as growth driver shifts from Airtel's tower rollouts to VIL's expansion
  • This, coupled with continued payments from VIL to clear past dues, implies co should be able to pay meaningful dividends going ahead
  • On Voda Idea
  • Expect residual flow through from tariff hike to be offset by subscriber churn of 3.5mn, leading to mobile rev growth of 2.8% QoQ
  • Key driver for VIL is any potential deferral/relief on statutory dues(AGR &Spectrum)
  • Believe risk reward is attractive
  • Emkay On Paytm
  • Upgrade To Buy From Add Call, Target Raised To Rs1,050/Sh From Rs750/Sh
  • Recent NPCI Approval Released A Major Regulatory Overhang
  • Co Which Should Be Able To Rebuild The MTU Base In The Next 12-18 Months
  • Co Is On The Early Path To Profitability By FY26, With Acceleration Thereafter
  • Believe Co’s Cash/MCap Provides Strong Margin Of Safety & Can Be Used To Accelerate Biz
  • Further Easing Of Regulatory Stance Via Potential Approval For Aggregator License Could Be Positive Catalyst
  • Macquarie on Electric Utilities
  • NTPC-Maintain Outperform, TP 475
  • Power Grid-Maintain Outperform, TP 380
  • India added ~20GW of total generation capacity FYTD25 (Apr-Dec 2024) vs ~12GW FYTD24 (Apr-Dec 2023), driven by renewables.
  • Power demand trends in seasonally strong summers would be key to watch.
  • DISCOM privatisation is back
  • Uttar Pradesh taking initial steps towards the same for two state DISCOMs
  • Axis Capital on Cement Channel Check
  • Cement price hikes have continued in Jan’25, with Rs 5-10/bag rise seen in West/Central India
  • This is after Rs 10-15/bag hikes across regions in Dec’24
  • Other regions are yet to see an increase in Jan
  • Hikes taken in Dec’24 have sustained except in South India
  • Pan-India average price in Jan at Rs 348/bag is up 0.7% MoM and 3.2% higher than Q3
  • Demand has been muted in Jan’s first fortnight
  • Dealers indicate pick up, as Makar Sakranti and Pongal are over, ushering in the seasonally strong period for demand
  • ZEN TECH: Zen Technologies Limited Secures Design Registration for "60 mm Mortar Training Simulator”, Reinforcing its Global Leadership in Military Training Technologies
  • AETHER; Aether Industries amended its Strategic Supply Agreement with Baker Hughes on Jan 7, 2025. The update finalizes volume and pricing for two initial products, building on their June 2024 agreement.
  • VEDL; Vedanta's creditors will meet on February 18 to decide on its demerger plan, aimed at simplifying the group's structure and managing debt. Shareholder approval will follow if cleared.- BLOOMBERG
  • ABFRL; Board Approved Fund Raising Plan
  • Co. to issue Up to 4,08,72,580 equity shares at ₹317.45 each, totaling ₹1,297.5 crore To Promoter
  • Up to 3,96,97,838 equity shares at ₹272.37 each, totaling ₹1,081.25 crore VIA QIP
  • ABFRL; Total Co. to Raise Rs 2379 Cr Funds From Promoter ,Fidelity
  • ABFRL; Board Approved Upto Rs 2500 Cr Fund Raising Via QIP
  • TATAPOWER; Sources Says Tata Power Likely Submitted Bids For Privatisation Of 2 UP Discoms - CNBCTV18
  • MINDACORP; CO. will acquire 2,55,40,578 equity shares (49% stake) in Flash Electronics (India) Pvt. Ltd For 1,372 Cr
  • ASHIANA HOUSING: CO SAYS THAT THEY ARE CONFIDENT TO ACHIEVE RUPEES 2000 CR PRE SALES - NDTV PROFIT
  • TataPower likely submits bids for privatisation of 2 UP Discoms, Dakshinanchal Vidyut and Purvanchal Vidyut Vitran Nigam
  • UP Tender For PPP Advisors
  • UP invited bids for advisors on PPP model for 2 DISCOMs on Jan 12
  • MARUTI; BoFA upgrades Maruti to 'Buy' from Neutral , Target Price 14000
  • Jonathan Garner of Morgan Stanley expects strong foreign investor engagement in India, over 6% GDP growth, modest inflation, and a 2-3 quarter earnings slowdown; remains overweight on India and underweight on Korea and Taiwan
  • Bino Pathiparampil of Elara Securities expects rupee depreciation to boost margins in the coming quarters
  • Says top pharma picks are Dr Reddy's and Zydus Life, with earnings upgrades expected in FY26-27.
  • He also adds, current global market volatility outside the US is due to new US administration and policy uncertainty
  • ANGELONE; Chairman Says Will Not Take A Price Increase For Next 2-3 Quarters- CNBCTV18
  • Growing Customer Base May Mitigate The Need For Price Hikes & Offset Regulatory Impact
  • Expect Margin To Get Back To 50% Level Even Without A Price Hike
  • 18-20% Impact On Topline Due To Regulatory Changes
  • Growth In Customer Base Of 40-45% Not Slowing Down
  • ADANIGREEN: Operational capacity increased by 37% YoY to 11,609 MW with greenfield addition of 2,693 MW solar and 438 MW wind power plants
  • Operational Performance
  • Sale of Energy increased by 23% YoY at 20,108 mn units in 9M FY25, backed by robust capacity addition
  • Steady growth in generation at a CAGR of 49% over the last 4 years with increasing proportion of Merchant power
  • Consistently generating electricity significantly above commitment under PPA
  • Solar portfolio CUF at 23.5% backed by 99.4% plant availability
  • Wind portfolio CUF at 29.2% backed by 95.0% plant availability
  • Hybrid portfolio CUF at 39.8% backed by 99.7% plant availability
  • ABFRL: Aditya Birla Fashion Ltd. announces USD 500 Mn equity raise through preferential issue and QIP
  • Fidelity Investments to participate in USD 275 Mn preferential issue along with promoters.
  • Promoter participation at ~18% premium to yesterday's closing price
  • Board also approves fund raise of USD 225 Mn through QIP
  • Taiwan Concerns Resurface Amid Trump’s Greenland & Panama Canal Comments
  • ABFRL : Co. says fundraise will reduce debt and support growth through established engines. It precedes the planned vertical demerger into two listed entities, set to complete by year-end.
  • HUDCO : Q3 RESULT + DIVIDEND ON 22 JAN
  • MAZDOCK : PM MODI LAUNCHES WARSHIPS, It Is A Big Day For India's Naval Might Today
  • NBCC: BAGS RS 405 CR ORDERS
  • NBCC: With this NBCC has achieved the monumental milestone of Rs. 1,00,000 crores order book on consolidated basis.
  • J KUMAR: WINS RS 1057 CR ORDER
  • The company has received a Letter of Award from NBCC (India) Ltd. for the Silicon City Phase-IV housing project in Noida, UP. The EPC contract, including operation and maintenance, is valued at ₹1,073.39 crore (inclusive of all taxes).
  • The price will adjust for GST rate changes as per government notifications.
  • SKYGOLD : Successfully onboarded Aditya Birla Jewellery, a key milestone that underscore its commitment to innovation, client partnerships and market expansion
  • Strengthening its market presence through diversification into New Jewellery Segments
  • PERSISTENT : Persistent Launches ContractAssIst Using Microsoft 365 Copilot to Streamline Contract Management
  • SKYGOLD : Sky Gold expands its portfolio with orders in 18K gold, natural, and lab-grown diamond jewelry, complementing its 22K lightweight segment.
  • The company is also strengthening its Singapore distribution network to boost exports.
  • SKYGOLD : Sky Gold unveiled an exclusive collection that highlights its top-notch artistry, further distinguishing its offerings from competitors.
  • With India’s top jewellery retail chains set to open over 500 stores in the next three to five years, we are well-aligned with this growth trajectory, supporting our ambition of becoming a leading jewellery manufacturer.
  • SMARTLINK : The NCLT Mumbai has approved the amalgamation of Smartlink Holdings Ltd. and Synegra EMS Ltd. on January 9, 2025.
  • MTNL :MTNL has defaulted in the Payment of Principal (Instalment) & Interest to the Union Bank of India ,Bank of India ,Punjab National Bank ,State Bank of India ,UCO Bank ,Punjab and Sind Bank , Indian Overseas Bank
  • default Worth Rs 8144 Cr
  • TRENT : Elara Initiates Coverage on Trent
  • Buy - TP Rs.8,500/shi
  • Expect TRENT to post revenue/EBITDA/adjusted PAT CAGRs of 27%/29%/38% in FY24-28E (surpassing 16% growth for the apparel space). Organic focus with premium growth offers robust performance amongst peers
  • Quick Commerce plays should not pose a threat given the constraint of store size
  • Zudio shall continue to be the market leader in the fast fashion segment by a wide margin due to its edge
  • TATA POWER , REC , PFC , IREDA : Govt approves 2 new payment methods for rooftop solar under PM Surya Ghar
  • The MNRE has come out with new guidelines, allowing two more payment methods for the installation of rooftop solar system under PM-Surya Ghar: Muft Bijli Yojana. The move will ensure payment security as well as the grant of subsidy to households. Under this scheme, Rs 100 crore has been earmarked for payment security mechanism (PSM).
  • ORIENTAL HOTEL Q3 : NET PROFIT AT 14.36 CR V 16.4 CR YOY
  • REVENUE AT 121 CR V 103 CR
  • Q3 EBITDA AT 35.5 CR V 28.5 CR YOY
  • MARGINS AT 28.3 % V 27.95 %
  • APLLTD : Alembic Pharmaceuticals Limited announces USFDA Final Approval for Brexpiprazole Tablets, 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg and 4 mg
  • Brexpiprazole Tablets, 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg and 4 mg have an estimated market size of US$ 2.0 billion for twelve months ending September 2024 according to IQVIA.
  • IDEA : SUDDEN SPIKE IN VODA IDEA , UP 10 %
  • HINDALCO : China’s Cap on Aluminum Capacity to Slow Output and Cut Exports
  • Prices of the lightweight metal could be poised to rebound
  • SMM says overseas sales could drop as much as 9% in 2025 - Bloomberg
  • Renewable Stocks : Sources Says Proposal Involves Mandate To Renewable Energy Cos To Set Up Battery Storage Capacity - CNBCTV18
  • Proposal Seeks Financial Support For Battery Storage Projects, Transmission Infra
  • UK CPI YOY ACTUAL 2.5% (FORECAST 2.6%, PREVIOUS 2.6%)
  • UK CORE CPI YOY ACTUAL 3.2% (FORECAST 3.4%, PREVIOUS 3.5%)
  • RGL : Renaissance Global Launches WithClarity.in, Bringing Customizable Lab-Grown Diamond Jewellery to India
  • ATUL : The Company paid ₹16.94 crore for application fees, cess, premium, conversion charges, penalties, NA assessment, prior construction charges, differential stamp duty, and related expenses.
  • MADHYA BHARAT Q3 : NET PROFIT AT 17.9 Cr V 1.3 CR YOY
  • REVENUE AT 283 CR V 243 CR
  • MADHYA BHARAT Q3 : EBITDA AT 39.4 CR V 17.97 CR YOY
  • MARGINS AT 13.88 % V 7.37 %
  • MADHYA BHARAT : APPROVED UPTO RS 200 CR FUND RAISING VIA QIP
  • SPICEJET : CMD Says Fresh Round Of Funding Resolved Many Issues - ETNOW
  • Will Add 10 Planes To Fleet Very Shortly
  • 30 Grounded Planes To Fly By Year-End
  • No Shortage Of Demand In Aviation
  • Expect Oil Prices To Come Down
  • Depreciation Of A Matter Of Concern
  • CUMMINSIND: The Company received an Order-In-Original imposing a total demand of ₹13.29 crore, including differential customs duty, interest, penalties, and a redemption fine, for alleged incorrect duty concessions under Customs Notification 50/2017.
  • The differential duty and interest were paid before the notice, and the Company will appeal to CESTAT for penalty and fine withdrawal
  • Sources Says Govt May Announce A Comprehensive Zone - ETNOW
  • Solar, Wind, Green Hydrogen Projects Under The Zone
  • States Likely To Bid For Dedicated RE Zones
  • Sops For Banks, Financial Institutions Funding Soon
  • Sources Says Govt May Announce Mega Battery Storage Plan In Budget - ETNOW
  • Mandatory For RE Developers To Set Up Battery Storage
  • All Renewable Projects To Include Battery Storage Capacity
  • Developers To Get Financial Support For Storage Project
  • MAHSCOOTER; Q3 NET PROFIT AT 3.3 CR V 1 CR YOY
  • REVENUE AT 579 CR V 637 CR
  • DEVYANI : DEVYANI INT + 10 %
  • SUPREME ENG Q3 : NET LOSS AT 1.82 CR V 0.72 CR LOSS YOY
  • REVENUE AT 3.91 CR V 8.41 CR
  • NAZARA : Nazara subsidiary Fusebox Games Partners with Banijay Rights to Bring Bigg Boss to the World of Interactive Gaming
  • Big Brother Interactive Fiction Game Also in Development, Set to Launch in 2025
  • MRP : MRP AGRO Q3 : NET PROFIT AT 2.9 CR V 0.36 CR YOY
  • REVENUE AT 42 CR V 22 CR
  • MRP : Q3 EBITDA AT 4.32 CR V 0.45 CR YOY
  • MARGINS AT 9.O3 % V 2.14%
  • ATL : Allcargo achieved record FCL volumes in December 2024, reaching 59,566 TEUs, up 13% YoY and 14% MoM.
  • Annual volume hit 6,46,090 TEUs, a 9% increase over 2023.
  • Growth was strong in LATAM, India, USA, Canada, and the Indian Subcontinent, with flat performance in Asia Pacific and Europe.
  • ATL : Air operations in December 2024 reached 2.86 million kilos, up 42% YoY and 2% MoM.
  • Annual volume hit a record 30.4 million kilos, a 28% increase over 2023, with MoM growth in Canada, India, Latin America, and Europe.
  • ATL : LCL volume in December 2024 was 735,000 cubic meters, a 1% increase YoY and 2% MoM.
  • Annual volume reached 8.9 million cubic meters, up 2% from 2023. Demand was strong due to the early Lunar New Year and US trade tariffs, supporting stable freight rates.
  • MoM growth was seen in Asia Pacific, India, and the Indian Subcontinent, with flat performance in the Middle East and Latin America.
  • NIFTY AT DAY'S LOW , SUDDEN SELLING IN BROADER MARKET
  • INFOBEAN : InfoBeans brings on Mr. Harmeet Bhatia as Chief Revenue OfficerInfoBeans brings on Mr. Harmeet Bhatia as Chief Revenue Officer.
  • BHARTIARTL : Delhi HC Decides Tax Appeal In Favour Of Bharti Airtel & Indus Towers
  • GOT RELIEF IN TOWER INPUT TAX CREDIT
  • ARTEMISMED : Management of Artemis Cardiac Care Private Limited, subsidiary of the Company, has decided today to close one of its Cardiac Centre located at Chennai effective from January 23, 2025.
  • BHARTIARTL : HC Says It's Wholly Untenable For Towers To Be Termed As Immovable
  • ADANIENT : Adani eyeing Emaar India stake for up to ₹5000 crore to boost real estate business: Report
  • SHOPERSTOP : Management Says Momentum From Q3 Has Continued Into Q4- CNBCTV18
  • Set A Target Of 5% Like-For-Like Growth For Q4
  • SHOPERSTOP : Management Says Private Label In Apparel Should Increase From 18% To 21-22%
  • Aim For Double-digit Growth In The Beauty Business - CNBCTV18
  • BRADYM : Cyber-fraud incident has. occurred within the Company between January 8, 2025 to January 10, 2025.
  • The Company is hopeful of recovery
  • Estimated loss of Rs. 4.40 cr
  • Sharp Gain In Rupee , Rupee Now Around 86.30/$ Vs Previous Day Close Of 86.63/$
  • AXISBANK : 33.2 LKH SHARES EXCHANGED VIA BLOCK DEAL
  • SOMANI CERAMICS : Company has decided to sell its 26.05% equity stake in Acer Granito Private Limited (AGPL), an associate company For Rs 10.55 Cr
  • SOMANI CERAMICS : Proposed sale is expected to be completed within 15 (fifteen) months from the execution of the share purchase agreement.
  • JSWENERGY : JSW Energy (Utkal) Limited, a subsidiary of JSW Energy, has successfully synchronised Unit-2 (350 MW) of the Utkal Thermal Power Plant in Odisha.
  • Following its acquisition in December 2022, JSW Energy has revived and synchronised the entire 700 MW capacity in about 24 months.
  • JSWENERGY; The plant, running on domestic coal and not yet under a long-term power purchase agreement, will support the nation's growing energy demand and enhance energy security.
  • With Unit-2 (350 MW) online, JSW Energy's operating thermal capacity increases to 3,858 MW, contributing to a total locked-in generation capacity of 28.2 GW.
  • AXISCADES : Mr Alfonso Martinez Fernandez as Group CEO & Additional Director in the capacity of Managing Director of the company w.e.f. January 20, 2025
  • NESCO : Co. says National Highways Logistics Management Ltd. has selected us as the highest bidder and accepted our proposal to develop, operate, and maintain wayside amenities on the Raipur-Visakhapatnam Expressway on a lease basis.
  • NESCO; The total cost the Company has to incur for development of Wayside Amenities is estimated at ~ Rs. 50 crores for each of the 4 sites.
  • The estimated annualised revenue from 4 sites is Rs. 300 crores from year 4 of operations.
  • Dodla Dairy , PARAG MILK ,HATSUN AGRO : President, Indian Dairy Association Says Extended Summer To Aid Demand For Dairy Products
  • DAIRY VOLUME GROWTH AT 6-7% EXPECTED IN 2025
  • HATSUN AGRO + 14 %
  • NEWGEN SOFTWARE + 12 %
  • SHILPAMED : Co. got Rejection Letter From NSE On Reclassification Of Mr. Suraj Kumar Innani & Mrs Priya Innani
  • KALYANKJIL : KALYAN JEWELLERS STOCK DOWN 10 %
  • NOTE : YESTERDAY MANAGEMENT CLARIFED ABOUT RUMOURS
  • : Nephro Care India Ltd inaugurates its fifth renal care unit at Shyambazar in North Kolkata to provide advanced diagnostic and pharmacy support to patients suffering from kidney ailments
  • HAL : Sources says HAL will soon start the fourth production line of Tejas MK1 - ZEE BUSINESS
  • Fourth production line to be launched at Nashik facility
  • Tejas is an important light combat aircraft of the Air Force
  • Fourth line to meet domestic and other countries' demand
  • HAL : HAL's Tejas MC1 production capacity will increase from 24 to 30 - Zee business
  • Commerce sec Says Confident Of Crossing $800 Bn In Export
  • India Has Done Better Than The World In Terms Of Merchandise, Services Exports
  • India Has Been Resilient, Our Manufacturing Capacity, Competitiveness Has Improved
  • Have Done Better Than Last Year In All 3 Quarters
  • Dec TRADE DATA YOY
  • Dec trade deficit at $21.94 bn vs $18.76 bn YoY
  • Import Up 5 % To $ 59.94 Bn
  • Export Down 1 % To $ 38.01 Bn
  • KPIGREEN : M/s. Sun Drops Energia, a subsidiary of KPI Green Energy, has secured a new order to develop solar projects totaling 62.20 MW under the Captive Power Producer (CPP) segment. This increases the total capacity to 152.34 MW as of the latest updates.
  • TVSMOTOR : JAN ELECTRIC 2 WHEELER MARKET SHARE
  • TVS Motor Becomes Number 1 Player For The 1st Time
  • : TVS Motor's Mkt Share At 27.1%, Up More Than 350 bps MoM In Jan Month
  • BAJAJ-AUTO : Bajaj Auto Is Number Player With Mkt Share Of 24% In Jan Month
  • OLAELEC : Ola Remains At 3rd Position, Mkt Share At 18.4% In Jan
  • KLBRENG-B : Company has completed the transfer of the Factory Unit at Plot No. B/78/1, M.I.D.C, Anand Nagar, Ambernath (East), Thane, Maharashtra, including plant, machinery, office building, and equipment, as per the binding term sheet dated July 12, 2024. Ownership was transferred on January 14, 2025.
  • MAHABANK : Q3 NET PROFIT AT 1405 CR V 1034 CR YOY
  • MAHABANK; NII AT 2943 CR V 2466 CR YOY
  • OPERATING PROFIT UP 5 % TO 2303 CR QOQ
  • PROVISON UP 2 % TO 840 CR QOQ
  • GROSS NPA AT 1.80 v 1.84 % QOQ
  • NET NPA AT 0.20% V 0.20 % Qoq
  • MAHABANK : ACTUAL GROSS NPA UP 5 % TO 4214 CR QOQ
  • NET NPA UP 2 % TO 442 CR QOQ
  • NELCO Q3 : NET PROFIT AT 4.94 CR V 6.15 CR YOY
  • REVENUE AT 80 CR V 83 CR
  • EBITDA AT 12.18 CR V 16.2 CR YOY
  • MARGINS AT 15.1 % V 19.6 %
  • NDL: Rating Agency Infomerics Ratings Upgraded Rating Of Co
  • KALYANKJIL: KALYAN JEWELLERS STOCK RECOVERED 8 % FROM LOWS
  • Sources Says Discussion is going on regarding additional 10% position limit
  • Discussion on additional limit for next, far month deals - Zee business
  • AB FASHION, KALYAN JEWELLERS, MANAPPURAM LIKELY TO ENTER IN F&O BAN LIST
  • SPRAYKING : Sprayking Limited Expands Offerings with Launch of New Gas Fittings Parts
  • Panabyte Technologies Limited (formerly Panache Innovations Limited) has been authorized as a SolutionX Partner by TP-Link India Pvt. Ltd.
  • This program is designed for TP-Link solution providers, system integrators, installers, and MSPs, based on mutually agreed terms
  • ROYAL : Company initially took on rent the property situated at C-7, Phase-II, Badli Industrial Area, Delhi-110042, effective from 15th November 2024, for the purpose of setting up a factory-cum-warehouse.
  • Subsequently, the Company has purchased the property on the 14th January, 2025 to utilize as factory cum corporate office.
  • RELIANCE : RIL Q3 ESTIMATES YOY-ETNOW
  • NET PROFIT UP 6 % TO 18,337 CR
  • REVENUE UP 7 % TO 18,337 CR
  • EBITDA UP 1 % TO 40,900 CR YOY
  • MARGINS AT 17.2 % V 18.1 % YOY
  • IDBI : Closing due diligence underway at IDBI Bank - MC
  • IDBI; IDBI Bank has finally progressed to the next stage, with global consultancy firm KPMG conducting closing due diligence on the lender - MC
  • Financial bids will be called once the diligence report is finalised, which according to sources may happen by the end of March
  • RELIANCE : RIL JIO Q3 ESTIMATES QOQ -ETNOW
  • REVENUE UP 5 % TO 30,040 CR
  • EBITDA UP 5 % TO 15,788 CR
  • ARPU LIKELY TO CROSS 200 MARK
  • RELIANCE : RELIANCE RETAIL Q3 ESTIMATES YOY-ETNOW
  • REVENUE UP 1 % TO 77000 CR
  • EBITDA UP 1 % TO 5920 CR
  • LTIM : LTIMINDTREE Q3 ESTIMATES QOQ - CNBCTV18
  • EBIT MARGINS AT 13.5 % V 15.45 %
  • CC REVENUE GROWTH OF 1.5 %
  • HAVELLS : HAVELLS INDIA Q3 ESTIMATES - CNBCTV18
  • PROFIT UP 14 % TO 5028 CR
  • REVENUE UP 16 % TO 333 CR
  • EBITDA UP 10 % TO 432 CR
  • MARGINS AT 9 % V 9.8 %
  • C&W BIZ GROWTH 15 % & ECD GROWTH OF 9 %
  • LLOYD REVENUE GROWTH 13 %
  • JIOFIN : Jio Finance in talks with lenders for maiden debt sale- Bloomberg
  • Jio Finance's first foray into local debt market expected in March quarter
  • Co has plans to tap local currency bonds and loans
  • COALINDIA : Q3 RESULT + DIVIDEND ON 27 JAN
  • VISTARAMAR : Board Approved the acquisition of Amar Sterilised Fish Meal Unit in Porbandar, Gujarat, from Amar Polyfils Private Limited for Rs. 15.50 Cr on a 'slump sale' basis, funded by proceeds from the Right Issue, as per the Letter of Offer dated 02nd December, 2024.
  • LTTS : Q3 CONS. NET PROFIT UP 1 % AT 322 CR (QOQ) ,DOWN 4 % (YOY)
  • REVENUE UP 3 % AT 2653 CR (QOQ) , UP 10 % (YOY)
  • EBIT UP 9 % AT 422.5CR (QOQ) , UP 2 % (YOY)
  • MARGINS AT 15.92 % V 15.05% (QOQ) , 17.18 % (YOY)
  • MARKET AT CLOSE
  • Market Closes In The Green After A Rangebound Session
  • Nifty Manages To Hold On To Levels Above 23,200
  • Midcap Index Closes Off Highs But Relatively Outperforms Sensex & Nifty
  • Sensex Rises 224 Points To 76,724 & Nifty 37 Points Το 23,213
  • Midcap Index Gains 223 Points To 53,899 & Nifty Bank 23 Points To 48,752
  • Trent Is Top Nifty Gainer On Positive Note From Elara Securities, Stock Up 4%
  • Power Stocks Move Higher On Expectations Of More Outlay In Budget, NTPC Up 3%
  • Maruti Rises Nearly 2% Following Positive Brokerage Note
  • Rupee ends at 86.36/$ against Tuesday’s close of 86.63/$
  • LTTS : L&T TECH Q3 RESULT V ESTIMATES
  • NET PROFIT AT 322 CR V EST 330 CR
  • REVENUE AT 2652 CR V EST 2653 CR
  • EBIT AT 422.5 CR V EST 411 CR
  • MARGINS AT 15.92 % V EST 15 %
  • LTTS : Q3 NET PROFIT FLAT DUE TO FALL IN OTHER INCOME QOQ , DOWN 48 % TO 33.5 CR
  • HDFCLIFE; Q3 NET PROFIT UP 13.7 % TO 415 CR YOY
  • NET PREMIUM INCOME UP 10 % TO 16,771 CR YOY
  • SOLVENCY RATIO AT 188 % V 181 % QOQ
  • VALUE OF NEW BUSINESS UP 14 % TO 2586 CR YOY
  • https://t.me/BeatTheStreet10
  • LTTS : L&T TECH Q3 HIGHLIGHTS
  • USD Revenue at $312 million; growth of 3.1% QoQ
  • $ Revenue Of 312 mn V Est 314 Mn
  • 8 large deals: one USD 50 million, two USD 35 million, two USD 25 million, and three USD 10 million deals
  • CEO Says For FY25, our guidance is for near 10% revenue growth in constant currency, including the contribution from Intelliswift.
  • We reaffirm our medium-term outlook of USD 2 billion revenue with EBIT margin of 17-18%.
  • LTTS : L&T TECH NEAR REVENUE GROWTH GUIDANCE OF 10 % V KOTAK EXPECTATIONS OF LOWER FY25 REVENUE GUIDANCE TO 7-8 %
  • LTTS : L&T TECH CEO Says In Q3, we achieved record deal bookings, with eight large deals totaling over $200M.
  • Tech and Sustainability segments drove 3.1% constant currency growth, with Tech growing 11.1% and Sustainability 4% sequentially.
  • EBIT margin improved by 110 bps to 16.2%, despite wage hikes, and we aim for stronger margins in H2.
  • TRANSRAILL Q2 :CONS NET PROFIT UP 19 % AT 55 CR (YOY),UP 6 % (QOQ)
  • REVENUE UP 12 % AT 1068 CR (YOY) ,UP 19 % (QOQ)
  • EBITDA UP 20 % AT 118 CR (YOY),UP 17 %(QOQ)
  • MARGINS AT 11.05 % V 10.3 % (YOY), 11.2 % (QOQ)
  • RPTECH : Rashi Peripherals Limited to make a strategic acquisition of Satcom Infotech Pvt Ltd, the leader in Cyber security
  • Co. intent to acquire 70% equity stake in Satcom Infotech Pvt. Ltd, a prominent distributor specializing in cybersecurity solutions.
  • This strategic move expands RP Tech’s portfolio in the cybersecurity sector, further elevating its position as a leading, comprehensive ICT solutions provider in India.
  • RPTECH : RP Tech's acquisition strengthens its tech portfolio with advanced, secure solutions, integrating cybersecurity to solidify ICT industry leadership and meet digital business needs.
  • RACLGEAR : Appointment of Mr. Abhishek Mehra as Plant Head (Deputy General Manager – Operations) under the category of Senior Management Personnel w.e.f 15th January, 2025
  • He has worked on several prestigious projects for Spark Minda, BIC Cello India Pvt. Ltd., Hero Moto Corp. Ltd., Mahindra & Mahindra Ltd. etc.
  • Saudi Energy Minister: Oil no longer threatens energy security due to storage, infrastructure, supply chains, and increased production.
  • LTFOODS : LT Foods Limited's step-down subsidiary, "LT Foods Middle East LLC," is now incorporated
  • Incorporated entity To expand and strengthen Co.s presence in Middle East.
  • JOSTS : WINS RS 29.5 CR ORDER
  • Company has been awarded an Purchase Order from Haryana Vidyut Prasaran Nigam Limited for Procurement of 2 sets of Emergency Restoration System
  • (ERS)
  • RIIL: Q3 CONS NET PROFIT DOWN 24 % AT 2.74 CR (YOY), DOWN 12 % (QOQ)
  • REVENUE DOWN 17 % AT 12.37 CR (YOY) ,UP 1 % (QOQ)
  • EBITDA LOSS AT 2.91 CR V 0.85 CR LOSS (YOY), 2.84 CR LOSS (QOQ)
  • HAPPSTMNDS :Happiest Minds collaborates with Coca-Cola Beverages Vietnam to deploy an innovative GenAI conversational interface
  • In a consultative approach, Happiest Minds collaborated closely with the strategic team at Coca-Cola Beverages Vietnam during a discovery phase.
  • This phase aimed to comprehensively understand the business requirements and explore how GenAI could effectively support them in achieving their goals
  • HDFCLIFE : HDFC LIFE Q3 RESULT V ESTIMATES
  • TOTAL APE AT 3569 CR V EST 3488 CR
  • RETAIL APE AT 3122 CR V EST 3051 CR
  • VNB AT 930 CR V EST 869 CR
  • VNB MARGINS AT 26.1 % V EST 24.9 %
  • AZAD : WINS RS 960 CR ORDER LONG TERM ORDER
  • Co. has signed a Long Term Supply Agreement with GE VERNOVA INTERNATIONAL LLC, USA for the supply of highly engineered, complex rotating and stationary Airfoils for Advanced Gas Turbine Engines to meet their global demand in the power generation industry.
  • This current phase of the contract,valued at - USD ($) 112 Million (INR - 960 Crores) is a robust step towards cementing our everlasting strategic relationship with GE VERNOVA INTERNATIONAL LLC, USA.
  • Time Period 6 Months
  • CONTPTR : Continental Petroleums Limited Shareholders Approve Strategic Expansion Initiatives at Extra Ordinary General Meeting
  • CONTPTR : Continental Petroleums' Strategic Initiatives
  • EPC Projects Expansion: Focus on power transmission and solar energy with an order book of ₹3212 crore : bids for ₹3175-3200 crore projects underway, aligned with Rajasthan's 90 GW renewable energy goal by 2030.
  • Solar Projects under PM KUSUM-C: Investment in 1 MW solar projects via 25-year PPAs with Rajasthan Government, supporting India's clean energy goals.
  • Hazardous Waste Management: New 90,000 MTA waste processing facility in Behror, Rajasthan, to serve major cement players and promote sustainability.
  • Lubricants Export Growth: Entry into global markets through UTAPL acquisition, leveraging exports to 10+ countries from Dahej SEZ.
  • Kalyan Jeweller Down 35% From High
  • 25000 Cr Mcap Wipeout in 10 Sessions
  • Top 10 Mutual Funds Scheme in Kalyan Jewelers
  • Scheme: Worth ( Rs Cr)
  • 1) MOSL FlexiCap: 133 Cr
  • 2) MOSL Midcap Regular: 246 Cr
  • 3) Shriram Multi Sector: 0.70 Cr
  • 4) Motilal Oswal ELSS Tax Saver: 13 Cr
  • 5) Mirae Asset Nifty 200 ; 1 Cr
  • 6) Tata Nifty200 Alpha: 0.50 Cr
  • 7) Motilal Oswal Large and Midcap: 21.50 Cr
  • 8) HSBC Focused Fund: 3.30 Cr
  • 9) Sundaram Consumption; 2.56 Cr
  • 10) Edelweiss Business Cycle: 3.05 Cr
  • MOSL 4 Scheme own 430 Cr
  • Recent Brokerage Targets
  • MOSL: 875
  • Citi Buy 810
  • Centrum Buy 730
  • CONTPTR : Future Outlook: Targeting ₹3500-3400 crore topline growth with enhanced profitability and market leadership.
  • SWIGGY : Ministry of Corporate Affairs, Central Processing Centre has approved incorporation of Swiggy Sports Private Limited, a wholly owned subsidiary of the Company, today, January 15, 2025
  • The main objects of the newly to be incorporated entity will include engaging in sports team ownership, management, talent development, event organization, and facility operation, offering career services, acquiring broadcasting and sponsorship rights, and promoting sports events through various business models etc.
  • EXIDEIND : Exide Industries Invests in Subsidiary
  • Exide Industries Limited has invested ₹149.99 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue.
  • This brings the total investment in EESL to ₹3,302.23 crore, with no change in the shareholding percentage.
  • ZEEMEDIA : Appointment of Mr. Aditya Tandon as ‘Chief Brand Officer- Campaigns & IPs’ of the Co.
  • With 25+ years of experience across India, Nepal, Mauritius, and Canada, Mr. Tandon has led brand-building in media, telecom, and web services. He excels in launches, innovations, and tech-driven strategies, earning 100+ awards from platforms like ABBY, Promax, and IDMA.
  • LAXMI DENTAL IPO FINAL DAY : IPO SUBSCRIBED 114 TIMES
  • QIB : 110.3 TIMES
  • NON RETAIL : 147.5 TIMES
  • RETAIL : 74.4 TIMES
  • WELLS FARGO Q4 2024 EARNINGS $WFC
  • EPS $1.43, EST. $1.35
  • REV. $20.38B, EST. $20.59B
  • NET INTEREST INCOME $11.84B, EST. $11.7B
  • PROVISION FOR CREDIT LOSSES $1.10B, EST. $1.22B
  • BLACKROCK Q4 2024 EARNINGS
  • EPS $11.93 VS ES. $11.46
  • REV 5.68B VS EST. 5.59B
  • AUM $11.55T, EST. $11.66T
  • NET INFLOWS $281.42B EST. $198.41B
  • JPMORGAN Q4 2024 EARNINGS
  • EPS $4.81, EST. $4.10
  • REV. $43.74B, EST. $41.95B
  • STANDARDIZED CET1 RATIO 15.7%, EST. 15.28%
  • PROVISION FOR CREDIT LOSSES $2,638, EST. $3,048
  • TOTAL DEPOSITS $2.41T, EST. $2.44T
  • KIRLOSENG : FRANKLIN TEMPLETON BUYS ADDITIONAL 0.17 % STAKE ON 13 JAN VIA OPEN MARKET
  • STAKE INCREASED TO 5.12 % FROM 4.94 %
  • NAVINFLUOR : GOLDMAN SACS BUYS ADDITIONAL 0.36 % STAKE IN NAVIN FLUORINE ON 13 JAN VIA OPEN MARKET
  • STAKE INCREASED TO 5.04 % FROM 4.67 % EARLIER
  • UBL, USL , TEXTILE STOCKS : India, UK looking to resume FTA talks early next month : Reports
  • GLAND : Mr. Shyamakant Giri will assume the office of Chief Executive Officer of the Company with effect from January 16, 2025.
  • Mr. Srinivas Sadu will continue to be the Executive Chairman of the Company and support the Company's next phase of growth.
  • OASISEC : OASIS SEC BOARD APPROVED STOCK SPLIT OF 1 SHARE INTO 10 SHARES
  • ALSO APPROVED FUND RAISING UPTO RS 49 CR VIA RIGHTS ISSUE
  • POWERINDIA : BOARD MEET ON 18 JAN TO CONSIDER FUND RAISING VIA EQUITY
  • NITCO : WINS RS 50 CR ORDER
  • The company secured its first annual tie-up post-restructuring with Hindustan Associates, Mumbai's top tile dealer. It received a ₹50 Cr order, with ₹4 Cr for Q4 FY25 and ₹46 Cr for FY26.
  • GOLDMAN SACHS Q4 2024 EARNINGS
  • EPS $11.95, EST. $8.17
  • REV. $13.87B, EST. $12.37B
  • JPMorgan CEO Jamie Dimon highlights US economic resilience but warns of inflation risks and geopolitical dangers, calling current conditions the most complex since WWII.
  • AEROFLEX : Q2 CONS NET PROFIT UP 68 % AT 15.2CR (YOY), UP 11 % (QOQ)
  • REVENUE UP 36 % AT 99.79 CR (YOY) ,UP 5 % (QOQ)
  • EBITDA UP 57 % AT 21.68 CR (YOY),UP 6 %(QOQ)
  • MARGINS AT 21.7 % V 18.87 % (YOY), 21.4 % (QOQ)
  • AEROFLEX : S.S. Hose & Braiding capacity to expand from 16.5M to 20M meters annually with a ₹54 crore investment.
  • The project, including 40 to 70 assembly stations, is set for completion by March 2026 at a new site in Taloja, Panvel.
  • AEROFLEX : New "Miniature Metal Bellows" with a 2,40,000-piece annual capacity (10-50mm sizes) to be installed by March 2026. Investment: ₹23 crore via internal accruals.
  • The combined total investment for the S S Hose & Braiding and Miniature Metal Bellows expansions is Rs. 77 crores, which will be financed through Co.s internal accruals
  • AEROFLEX : Company has commissioned a 750 KW rooftop solar project at its Taloja facility, reducing reliance on non-renewable energy, cutting costs, and lowering its carbon footprint for sustainability.
  • TODAY'S FIIs DIIs DATA ( NET )
  • FIIs SOLD 4553 CR
  • DIIs BUY 3682 CR
  • NET BUY 871 CR
  • BEAT THE STREET INSIGHTS
  • Kalyan at Key Price Point!
  • Kalyan's stock is now trading at ₹535 per share—exactly where the promoter bought from Warbug.
  • Why is this interesting?
  • - Most corporate governance issues seem priced in.
  • - No immediate rally expected, but it’s definitely worth tracking!
  • Stay tuned—This could be an intriguing move in the making!
  • https://t.me/BeatTheStreet10
  • GOVT SOURCES ON TRADE DATA, DEPRECIATION OF RUPEE - CNBCTV18
  • 14.11% Rise In Year-On-Year Trade Deficit Indicates Strong Demand In The Indian Economy
  • GDP Growth Is 10% Year-On-Year In A Fast-Growing Economy Like India
  • Trade Data Projects Current Deficit To Remain Around 1%, Which Is Normal For An Economy Like India
  • Rupee Depreciation Should Be Seen In Context Of Currencies Of Other Countries
  • Depreciation Of Rupee Will Help Increase Competitiveness Of India's Exports To US, EU
  • Rupee Has Been Appreciating w.r.t. Currencies Of All Other Countries, Including Emerging Economies
  • ZOMATO : Q3 RESULT ON 20 JAN
  • SHALBY : Shalby Advanced Technologies (SAT) Inc., a subsidiary of the Company, received FDA 510(k) clearance on January 14, 2025, for its Duraniom™ Primary Total Knee Replacement device with TiNbN coating, confirming it is substantially equivalent to existing devices.
  • PENINLAND : The sales launch for ‘AshokVistas by Peninsula Land’, a premium plotted development in Gahunje, Pune, is set for January 18, 2025.
  • The 7-acre project will be developed in two phases: 68 plots in phase one and 57 plots in phase two, with bookings opening on the same date.
  • VOLTAS : Following Co.s December 7, 2024 letter, the transfer of the Company’s 100% direct investment in Weathermaker FZE to Universal MEP Projects Pte Limited (UMPPL) was completed on January 15, 2025, with a consideration of Rs. 30 crores.
  • As UMPPL is a wholly owned subsidiary, the Company’s economic interest in Weathermaker FZE remains unchanged.
  • The transfer of the Company’s investment in Saudi Ensas Company is expected to be completed by March 31, 2025.
  • HITACHI ENERGY: BOARD MEET ON 18 JAN FOR RAISING OF FUND
  • PUNJAB & SINDH BANK Q3 : NET PROFIT UP 146 % TO 281 CR YOY,UP 18 % QOQ
  • NII UP 26 % TO 939 CR YOY,UP 8 % QOQ
  • PUNJAB & SINDH BANK Q3 : OPERATING PROFIT UP 6 % TO 483 CR QOQ, UP 75 % YOY
  • PROVISION DOWN 27 % TO 109 CR QOQ
  • GROSS NPA AT 3.83% V 4.21% (QOQ)
  • NET NPA AT 1.25 % V 1.46 % QOQ
  • PSB : Q3 ACTUAL GROSS NPA DOWN 4 % TO 3675 CR QOQ
  • NET GROSS NPA DOWN 10 % TO 1168 CR QOQ
  • IEX : Q3 RESULT + DIVIDEND ON 31 JAN
  • ESCORTS : Q3 RESULT ON 10 FEB
  • AEROFLEX : Q3 HIGHLIGHTS
  • Total Sales Volume Up 36.43 % YOY
  • Assemblies Sales Volume Up 101 % YOY
  • Domestic Sales Volume Up 183.6 % YOY
  • Export Sales Volume Up 10.5 % YOY
  • MD Says In line with our growth strategy, we’ve expanded production for high-value products and plan further capacity additions to boost EBITDA margins and market position.
  • The company is also exploring fundraising options to support both organic and inorganic growth, focusing on sustainable progress and stakeholder value creation.
  • BlackRock CEO Larry Fink states that the U.S. economy is in strong condition. (CNBC)
  • GAIL : GAIL (India) and SEFE Marketing & Trading Singapore reached a settlement where SEFE will pay $285 million ( ₹ 2462 Cr ) to GAIL and withdraw arbitration proceedings before the London Court of International Arbitration.
  • 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.
  • DOLLAR INDEX STEADY
  • 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
  • DOW FUTURES UP 700 PTS
  • 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)
  • Wells Fargo expects the Fed to cut rates by 25 bps twice this year, in September and December, down from a prior forecast of three cuts.
  • NHCFOODS : BOARD MEET ON 18 JAN TO CONSIDER FUND RAISING ALONG WITH Q3 RESULT
  • HEROMOTOCO : CEO Says Expect growth to continue with the rural sector bouncing back - CNBCTV18
  • Recovering market share in entry level segment and 125cc segment
  • Seen 100 basis point improvement in market share in motorcycles
  • Hero MotoCorp expects double-digit revenue growth in FY25
  • Seeing a recovery in rural markets, urban growth has moderated
  • Hero MotoCorp is addressing drop in market share with a stronger premium push
  • HEROMOTOCO : CEO Says Want to increase number of premium stores from 60 to 100 in six months
  • Exports have grown by 40% in first 9 months of FY25
  • Big focus on lifting up global business in Hero MotoCorp
  • AIIL : Q3 NET PROFIT DOWN 10 % TO 539 CR YOY,DOWN 36 % QOQ
  • REVENUE DOWN 11 % TO 616 CR YOY, DOWN 44 % QOQ
  • NAZARA: Board Meet On 20 Jan To Consider issue Shares On Preferential Basis
  • Authum Investment & Infrastructure Ltd
  • Revenue: 617 (QoQ: -43.4%, YoY: +25.4%)
  • Operating Profit: 624 (QoQ: -34.3%, YoY: -6.4%)
  • Operating Margin: 101.1% (QoQ: +14.0 pp, YoY: -34.6 pp)
  • Net Profit: 539 (QoQ: -36.1%, YoY: -10.9%)
  • https://t.me/BeatTheStreet10
  • Jahangir Aziz of JPM on Trump 2.0. He ends by saying 'I hope I am completely wrong'.
  • 10 points
  • 1. We at JP Morgan are taking Trump literally - assuming that Trump will do what he has said he will do. We think tariffs & immigration policies will be changed dramatically.
  • 2. On tariffs, we think China & Malaysia/Vietnam (through which Chinese trans shipment goes through) will be targeted. Average U.S. tariffs on China imports is 20% right now, think it could go as high as 60%. Maybe not 60%, could be a tad less - but significant.
  • 3. We will probably we will see many more countries under tariff umbrella on Jan-20th or the week of Jan 20th.
  • 4. Markets currently are pricing in only 6-7% tariff increase. Average tariffs U.S. imposes right now is 2.3%. U.S. tariffs could go up 10-20% on RoW from here. On China, U.S. tariffs could be a tad less than 60%.
  • 5. What happens to Indian Rupee depends entirely on USD/CNY. If CNY falls 5% from here, pressure on Rupee to depreciate will become even more.
  • 6. In order to minimize impact on U.S. inflation, Trump may impose lower tariffs on consumer goods, higher tariffs on intermediate goods.
  • 7. A Fed rate hike is extremely unlikely. We expect Fed to cut rates now only in June & September. Terminal rate is now 4% vs 3% just three months back.
  • 8. We have been arguing for a rate cut in India for a long time now. No reason for no rate cut - expect one in February. Expect 100 bps rate cuts by RBI in 2025.
  • 9. If tariffs are not too harsh & USD/CNY doesn't depreciate much, think Rupee can fall 2%.
  • 10. Is India insulated to U.S. tariffs ? -> 'Depends on what China does. China in 2018-19 lost significant market share in U.S. China recouped all that lost market share by moving into EM Asia & Latin America. We could see China doing the same thing again. In this event, India will have to think of FX policy and things even beyond that.'
  • IRFC : IRFC board had approved financing of 20 BOBR rakes procured under General Purpose Wagon Investment Scheme (GPWIS) of Indian Railways to NTPC for up to INR 700 crores on finance lease basis on 8th October 2024.
  • Under the above-board sanction, IRFC has signed a lease agreement with NTPC Ltd for 8 BOBR rakes amounting to INR 250 crores approximately in the first phase.
  • CENTRUM : Centrum Retail Services Limited (CRSL), a subsidiary of the Company, has agreed to transfer its 100% stake in Centrum Insurance Brokers Limited (CIBL) to Centrum Financial Services Limited, a subsidiary in which the Company holds 99.9976% equity For Rs 13.75 Cr
  • KPIGREEN: KPI Green Energy Progress Update on Khavda GUVNL 200 MW (240 MW DC) IPP Solar Project
  • KPI Green Energy’s (KPI) largest ever IPP Solar Project reaching finish line before time
  • https://t.me/BeatTheStreet10
  • ZENTECBBPH: Zen Technologies Limited Secures Design Registration for "60 mm Mortar Training Simulator”, Reinforcing its Global Leadership in Military Training Technologies
  • DEEPINDS: Co. has acquired 100% equity stake of Indra Offshore Services Private Limited (‘INDRA’) For Rs 11,000
  • Both companies provide Air & Gas Compression, Drilling, Workover, and Gas Dehydration Services.
  • As they belong to the same industry, the investment is expected to enhance strategic and operational efficiency.
  • https://t.me/BeatTheStreet10
  • BEAT THE STREET BULLETIN
  • Date: 16-Jan-2025
  • [Beat The Street - Telegram](https://t.me/BeatTheStreet10)
  • NEW ORDERS & CONTRACTS
  • - NITCO: Secured ₹50 Cr order, marking its first annual tie-up post-restructuring with Hindustan Associates, Mumbai's top tile dealer. ₹4 Cr for Q4 FY25 and ₹46 Cr for FY26.
  • - RVNL: HFCL Limited and Aerial Telecom Solutions Pvt. Ltd. consortium received a Letter of Acceptance from BSNL for a ₹3,622 Cr development of Bharat Net's middle-mile network on a DBOM model.
  • OPERATIONS & PERFORMANCE UPDATES
  • - AEROFLEX: Q2 consolidated net profit up 68% YoY to ₹15.2 Cr, revenue up 36% YoY at ₹99.79 Cr, and EBITDA up 57% YoY at ₹21.68 Cr.
  • - MAHEPC: Q3 net profit up 280% YoY at ₹2.76 Cr loss QoQ. Revenue up 1% YoY at ₹81.46 Cr, with a 63% increase QoQ.
  • - CEATLTD: Q3 net profit down 46% YoY to ₹97.1 Cr, EBITDA down 19% YoY at ₹340.5 Cr.
  • - PUNJAB & SINDH BANK: Q3 net profit up 146% YoY to ₹281 Cr, NII up 26% YoY at ₹939 Cr.
  • - OFSS: Q3 net profit down 6% QoQ to ₹541 Cr, revenue up 3% QoQ at ₹1,715 Cr.
  • - INDOTHAI: Closed ₹118 Cr funding round, raising capital to enhance services for traders.
  • TECHNOLOGICAL ADVANCEMENTS & STRATEGIC PARTNERSHIPS
  • - SHALBY: Shalby Advanced Technologies (SAT) received FDA 510(k) clearance for its Duraniom™ Primary Total Knee Replacement device with TiNbN coating.
  • - ZENTECBBPH: Zen Technologies secured design registration for the "60 mm Mortar Training Simulator," reinforcing its position in military training technologies.
  • LEADERSHIP CHANGES & APPOINTMENTS
  • - BALAJITELE: Verun Baabar resigned as VP Production & Operations due to personal reasons, effective 15-Jan-2025.
  • INCIDENTS & CLARIFICATIONS
  • - GAIL: Reached a settlement with SEFE Marketing & Trading Singapore for $285 million (₹2,462 Cr) and withdrawal of arbitration proceedings.
  • - DEEPINDS: Acquired 100% equity stake in Indra Offshore Services Pvt. Ltd. for ₹11,000 Cr to enhance operational efficiency in the air & gas compression, drilling, and gas dehydration services.
  • NEW DEVELOPMENTS
  • - PENINLAND: The sales launch for ‘AshokVistas by Peninsula Land,’ a 7-acre premium plotted development in Gahunje, Pune, set for 18-Jan-2025.
  • - ADHATA GLOBAL LIMITED (AGL): Signed a terms sheet with Signature Pannel Pvt Ltd to market high-density, moisture-resistant fibre board in Yamuna Nagar, using Chinese technology.
  • - ENERGY MISSION: Received a purchase order for CNC Machines worth ₹1.01 Cr from Titagarh Rail Systems Limited.
  • FUNDRAISING
  • - POWERINDIA: Board meeting on 18-Jan to consider fundraising via equity.
  • - HITACHI ENERGY: Board meeting on 18-Jan for raising funds.
  • - NHCFOODS: Board meeting on 18-Jan to consider fundraising along with Q3 results.
  • - GVL: Board meeting on 21-Jan to consider fund raising.
  • - MAN INDUSTRIES: Board meeting on 18-Jan to consider fundraising via equity issue.
  • EXPANSIONS & ACQUISITIONS
  • - VOLTAS: Completed the transfer of 100% direct investment in Weathermaker FZE to Universal MEP Projects Pte Limited (UMPPL) for ₹30 Cr. Investment in Saudi Ensas Company expected by 31-Mar-2025.
  • - TGVSL: Declared commercial production of its Second Chloromethanes Expansion as of 15-Jan-2025, with total production of 139,914 MT.
  • - CENTRUM: Centrum Retail Services agreed to transfer 100% stake in Centrum Insurance Brokers to Centrum Financial Services for ₹13.75 Cr.
  • OTHER UPDATES
  • - IRFC: Signed lease agreement with NTPC Ltd for 8 BOBR rakes amounting to ₹250 Cr in the first phase.
  • - KPIGREEN: Progress update on the Khavda GUVNL 200 MW solar project, nearing completion ahead of schedule.
  • - ZENTECBBPH: Secured design registration for a military training simulator.
  • https://hindenburgresearch.com/gratitude/
  • A Personal Note from Hindenburg Research
  • Hindenburg Research, whose reports wiped billions off Gautam Adani's wealth, shuts down
  • https://economictimes.indiatimes.com/news/international/business/hindenburg-research-whose-reports-wiped-billions-off-gautam-adanis-wealth-shuts-down/articleshow/117280844.cms
  • TRENT; Kotak on Trent
  • Downgrade to Sell from Add; Cut TP to Rs 5850 from Rs 6800
  • Strong growth story, now fully priced in
  • Zudio: Too many stores in select urban pockets
  • Westside store additions have disappointed
  • Star store additions have also been below expectations
  • Cut FY25-27 revenue by 1-2% and EPS by 9-14%
  • After the fantastic run-up in the stock price, it may be time to book profits
  • K2 INFRAGEN ; K2 Infragen Limited has secured a Rs 48.34 Crore order for upgrading a two-lane road on NH-97 in Uttar Pradesh.
  • The contract, awarded by NHAI to M/s PPP Infrastructure Pvt Ltd, will be executed by K2 Infragen.
  • The company’s sales pipeline now exceeds ₹1000 crore, reflecting growth across its infrastructure sectors. K2 Infragen aims for sustainable growth over the next 3 years, focusing on expansion in India and key regions like Africa.
  • DIVISLAB; Divis Lab In Focus - ETNOW
  • Fresh development in Entresto - Novartis loses emergency bid to block Entresto generic in US
  • MSN preparing to launch generic on Thursday
  • Dr Reddy In Focus - high value product as per analysts
  • Received final approval for Sacubitril/Valsartan
  • note ; Important drug for Divis
  • ABBOTINDIA; Mr. Anuj Mehra, Senior Management Personnel, has been designated as Commercial Director - NeuroLife, GenNext and Vaccines effective February 1, 2025.
  • In the past, Anuj has worked with organizations like Sandoz, Ranbaxy, UCB, and Novartis.
  • TRANSRAILL; Management Says Part of IPO proceeds used towards capeх, current order book requires capex to increase capacity - CNBCTV18
  • Lowest bidder in projs worth ₹3,400 cr, further bidding for jobs in domestic & intl mkts
  • Have bid for projs worth ₹30,000 cr, typical strike rate of order win is approx 10%
  • So far we are ahead of the curve w.r.t margin in FY25, H2 execution will be better
  • GARUDA; Garuda Construction And Engineering Secures its Largest Order By Gorakhpur Development Authority Valued At Rs.1,087.34 Crore.ï
  • GARUDA; The company's order book has doubled at Rs 2830 crore, up from Rs 1408.27 crore at the time of its IPO in October 2024
  • The company will develop a state-of-the-art International Convention Centre at Gorakhpur
  • The company has already secured approvals (including fire approvals) from GDA on its plans to develop 24 lakh sq ft construction
  • The company expects the completion of the project in the next 30 months
  • Public sector orders account for 2/3rd, while Private sector accounts for nearly a third
  • GARUDA CONSTRUCTION AND ENGINEERING: CO WINS AN ORDER WORTH 11B RUPEES
  • CO MCAP 12B RUPEES
  • MINDACORP; Minda Corp Management says For Minda Corp, revenue target for this year is ₹5,500 cr - CNBCTV18
  • Net debt-to-equity will be 0.6x post Flash Electronics acqn
  • Acquisition of stake buy in Flash Electronics is EPS accretive
  • Profit that will come to Minda's book from Flash Electronics, is ₹50-55 cr
  • EV's contribution to Flash Electronics' rev will increase to 20% in FY25 vs 13% in FY24
  • LTTS; L&T TECH Management Says Organic guidance for FY25 at 8%; growth will be 10% including IntelliSwift acquisition - CNBCTV18
  • Closed highest number of large deals in the recent past
  • Expect FY26 to be better than FY25, expect Q4 margin to be similar to Q3
  • Maintain medium-term aspiration of $2 bn of revenue and margin of 17-18%
  • Expect mobility to grow in Q4 on the back of the recent deal wins
  • KAUSHALYA; Kaushalya Logistics Opening New Depots Of Ambuja Cement (Adani Group) At Haryana
  • KAUSHALYA LOGISTICS; ACC and Ambuja Cement (Adani Cement Group) have approved operations in strategic Haryana locations, including Kurukshetra, Kaithal, Fatehabad, and Bhiwani. The new depots in Kurukshetra and Bhiwani mark the first phase, enhancing service and logistics capabilities.
  • These depots will offer Logistics and C&F services for both brands, supporting efficient and scalable logistics solutions.
  • Healthcare is a long-term trend that will continue to perform very well," says Amisha Vora of PL Group
  • A B Cotspin India Ltd. Expands Solar Power Capacity from 2,800 KW to 3,131 KW Enhancing Sustainability Initiatives
  • Spacecraft docking successfully completed! A historic moment.: ISRO
  • Manoeuvre from 15m to 3m hold point completed. Docking initiated with precision, leading to successful spacecraft capture. Retraction completed smoothly, followed by rigidisation for stability. Docking successfully completed.
  • ICICI SEC Says Numbers are expected to be higher on a YoY and QoQ basis - ETNOW
  • More positive signals needed on Jio as well as value unlocking
  • Recovery in broader consumption will provide a trigger for the stock
  • Rupee depreciation is a big negative for all Indian oil operators; will remain a key monitorable
  • HDFC SEC Says Volumes are expected to recover nearly 5% YoY in Q3FY25
  • Have seen some improvement in realisation in Q3
  • Expect the pricing action for cement sector to be better in Q4 Vs Q3
  • Ambuja valuation is better than UltraTech at current levels
  • Prices have not improved much in Q3, pricing action is expected to play out in Jan & Feb 2025
  • SUGAR STOCKS: Sources Says CABINET MAY SOON APPROVE AN INCREASE IN ETHANOL PRICE - CNBC-AWAAZ EXCLUSIVE
  • B-heavy Molasse's Price Can Be Hiked By ₹1.82 & C-heavy By ₹6.87/Litre
  • C-heavy Mollasse's Price Can Be Increased To ₹56.28 From ₹49.41/Litre
  • Incentive Of ₹6.87 Announced Last Yr For C-heavy mollase, Can Be Regularised
  • Alert: B-heavy Molasse Is A Byproduct Of Sugar Prodn That Is Used To Make Ethanol
  • Alert: C-heavy Molasse Is A Byproduct Of Sugar Refineries That Is Used To Make Ethanol
  • Alert: Govt Has A Target To Achieve Ethanol Blending Target Of 20% By 2025-26
  • Alert: Currently, Ethanol Blending Petrol Is At 15.83%
  • GIFTNifty higher, trading at a premium of more than 100 pts from Nifty Futures Wednesday close, indicates a gap-up start for the Indian market
  • HDFCLIFE; NUVAMA ON HDFC LIFE INSURANCE
  • Maintain Buy, target price ₹850 (from ₹830)
  • Individual APE growth slows down
  • Margin reversal drives VNB beat
  • Improvement in QoQ VNB margin is largely due to repricing of NPAR products
  • Successful pass-through of increased surrender values to policyholders and distributors
  • Cues This Morning | Nifty advances for the second consecutive session led by Trent and NTPC
  • Get ready for today's trading session with the latest global and Indian markets news wrap!
  • Hindenburg Research founder says he’s closing short-seller research shop
  • Hindenburg Research founder says he's closing short-seller research shop
  • Q3 UPDATE
  • Strong-Punjab+Sind Bank
  • Mixed-HDFC Life, LTTS
  • Weak-Oracle, CEAT
  • Praj Industries+Sugar Stocks
  • Nitin Gadkari- India to achieve 20% ethanol blending target in 2 months
  • Union cabinet likely to consider ethanol price hike proposal (Sources to @ETNOWlive )
  • Price of Ethanol produced from B heavy molasses may be increased by approx Rs 2/ltr
  • Price of Ethanol produced from sugar cane Juice may be raised by Rs 1.50/ltr
  • CEAT
  • Announced Capex of Rs.400Cr for Nagpur facility to enhance capacity by 30%
  • Rail Vikas Nigam Ltd.
  • RVNL gets LoA worth `3,622 cr from Bharat Sanchar Nigam
  • NAZARA TECHNOLOGIES
  • Board Meeting to be held on 20-Jan-2025 to consider and approve Fund raising/Other business
  • GAIL (+VE)
  • To recieve $285mn settlement by SEFE Marketing & Trading Singapore
  • withdrawal of arbitration proceedings before London Court of International Arbitration.
  • IRFC
  • To provide financing worth Rs 700cr to NTPC
  • Swiggy (-VE)
  • Receives regulatory approval for incorporation of Swiggy Sports Private Limited, a WOS of the Company
  • ADANI GROUP (+VE)
  • Hindenburg Research, known for short-selling activities, has been shut down by founder Nate Anderson
  • MORGAN STANLEY ON MGL
  • Maintain Overweight, TP 1606
  • Share price will rise in absolute terms over the next 30 days
  • Play on increasing miles traveled in Mumbai
  • Four-wheeler CNG conversions outperform
  • 6% EPS CAGR for F25-F28e and 16% sustainable RoCE
  • See attractive risk-reward.
  • MACQUARIE ON ELECTRIC UTILITIES
  • NTPC-Maintain Outperform, TP 475
  • Power Grid-Maintain Outperform, TP 380
  • India added ~20GW of total generation capacity FYTD25 (Apr-Dec 2024) vs ~12GW FYTD24 (Apr-Dec 2023), driven by renewables.
  • Power demand trends in seasonally strong summers would be key to watch.
  • DISCOM privatisation is back i
  • Uttar Pradesh taking initial steps towards the same for two state DISCOMs
  • HDFCLIFE; MACQUARIE ON HDFC LIFE INSURANCE
  • Maintain Neutral, target price ₹570
  • Muted VNB growth primarily driven by lower APE growth
  • VNB margins revert to 26% levels
  • APE growth moderation was broad-based
  • Expect HDFC Life to meet its 17% VNB guidance
  • PUNEET CHHATWAL AT LABOUR AND EMPLOYMENT EVENT @ETNOWlive
  • -Hospitality sector is the biggest multiplicator of jobs, big opportunity for India
  • -Policy recommendations by Hospitality & Tourism sector:
  • -Time has come to review cap on infrastructure spends to propel growth
  • -Industry status at all state levels
  • -Lagging behind on the foreign tourist arrivals
  • Sumita Dawra, Secy, Labour & Employment:
  • -New Labour Code Implementation
  • -Ministry's view on leaders 90-hr work week
  • -Social Security framework for Gig Eco workers
  • ZEN TECH: CO SECURES DESIGN REGISTRATION FOR "60 MM MORTAR TRAINING SIMULATOR”, REINFORCING ITS GLOBAL LEADERSHIP IN MILITARY TRAINING TECHNOLOGIES
  • HDFCLIFE; JEFFERIES ON HDFC LIFE
  • Maintain Buy, target price ₹750
  • Better product mix drives beat on soft expectations
  • Rise in share of non-par vs par aided margins
  • Fall in 13M persistency ratio to 82% in 3Q is slightly disappointing
  • HDFCLIFE; INVESTEC ON HDFC LIFE INSURANCE
  • Maintain Buy, target price ₹850
  • Major positive surprise on margins
  • Banca concerns allayed to some extent
  • Cut enterprise value by 2% due to downgrades to economic variance
  • Management mentioned margin improvement is sustainable
  • LTTS; MACQUARIE ON LTTS
  • Maintain Underperform, target price ₹4,310
  • Good growth in Technology vertical with record deal wins
  • Acquisition of Intelliswift pivots the portfolio towards faster-growing Digital Software Engineering
  • Anticipates automotive challenges to continue for a couple more quarters
  • Continue to see IT Services firms growing faster than ER&D firms
  • Prefer Persistent Systems over LTTS
  • ZOMATO; CLSA ON ZOMATO
  • MAINTAIN OUTPERFORM ,TARGET 400
  • Adding To High Conviction List
  • Recent Stock Correction Offers An Opportunity To Gather Quick Comm & Food Delivery Mkt Leader
  • Entire Quick Comm Profit Pool Is Set To Expand Rapidly Over Next Three Years
  • Quick Comm Profit Pool Is Set To Build 51% Revenue CAGR & 502% EBITDA CAGR In FY24-27
  • Expect Q3 Quick Commerce Margin To Be Softer
  • Softer Margin Will Largely Be A Function Of Faster Expansion
  • BERNSTEIN ON INTERNET COS
  • Outperform Call On Zomato, Target At 315/Sh, Outperform Call On Swiggy, Target At *635/Sh h, Outperform Call C
  • Outperform Call On Info Edge, Target At 8,630/Sh, Market Perform Call On Nykaa
  • 2024 Was A Robust Year For India's Internet Stock Performance Delivering 50%+ Sector Returns
  • Continue To Expect Strong Performance In 2025 With Quick Commerce Most Preferred Sub Sector
  • Prefer Scaled Platforms (Zomato, Swiggy In QC) & Profitable Leaders (Info Edge In Classifieds)
  • Expect Further Profitability Improvement In Zomato's Food Delivery Segment
  • Zomato To See Strong Topline Growth Driven By Quick Commerce
  • Swiggy Well Positioned In Market & Will Expect To Benefit From Multiple Growth Drivers
  • Info Edge Benefits IT Hiring Upcycle & Strengths In Real Estate
  • Bernstein on Internet Cos (2025 outlook)
  • 2024 was a robust yr
  • Continue to expect strong performance in 2025
  • Zomato – OP, TP Rs 315
  • Swiggy – OP, TP Rs 635
  • Info Edge – OP, TP Rs 8630
  • Nykaa – Marketperform
  • UBS on Telecom
  • Upgrade Indus Tower to Buy, TP Rs 425
  • Maintain Neutral on Bharti A, TP raised Rs 1707
  • Buy on VodaIdea - TP cut to Rs 13 from Rs 19
  • INDUSTOWER; UBS on Indus Tower
  • Believe Co well positioned to surprise on dividends as growth driver shifts from Airtel's tower rollouts to VIL's expansion
  • This, coupled with continued payments from VIL to clear past dues, implies co should be able to pay meaningful dividends going ahead
  • IDEA; UBS on Voda Idea
  • Expect residual flow through from tariff hike to be offset by subscriber churn of 3.5mn, leading to mobile rev growth of 2.8% QoQ
  • Key driver for VIL is any potential deferral/relief on statutory dues(AGR &Spectrum)
  • Believe risk reward is attractive
  • LTTS; NOMURA ON L&T TECH
  • MAINTAIN NEUTRAL TARGET:4,900
  • Strong Performance At Both Revenue And Margin Levels Was Seen In Q3 Results
  • Deal Wins Strong, Pipeline Is Robust
  • FY25 Guidance Tweaked To 8% Organic Growth (From 8-10% Earlier)
  • EBIT Margin To Improve Gradually Over FY26-27
  • Stock Currently Trades At 27.8x FY27 EPS
  • TODAY'S Q3 RESULTS
  • RELIANCE IND
  • Infosys
  • Axis Bank Limited
  • LTIMINDTREE
  • SW SOLAR
  • Hatsun Agro Product
  • Havells India
  • Kesoram Industries
  • Khaitan Chemicals
  • Mastek
  • Metro Brands
  • Plastiblends India
  • Radhika Jeweltech
  • Shekhawati IND
  • Bhansali Engineering
  • D.B.Corp
  • Digicontent
  • Alok Industries
  • Shemaroo Ent
  • Spencer's Retail
  • Vishwaraj Sugar Industries
  • GENSOL; Refex Green Mobility Set To Take Over Gensol's 2,997 EV in Landmark Strategic Tie-up
  • Gensol Engineering Limited and Refex Green Mobility Limited have announced a strategic partnership for transferring 2,997 electric four-wheelers (e4Ws).
  • As part of the agreement, Refex eVeelz will take over Gensol’s INR 315 Crore loan facility, streamline operations, and expand e4W deployment in major cities like Chennai, Bengaluru, Hyderabad, Mumbai, and Pune.
  • Refex eVeelz will lease these vehicles to Blu-Smart Mobility Limited, supporting the growth of electric mobility in Delhi NCR and Bengaluru.
  • LTTS; CITI ON L&T TECH
  • MAINTAIN SELL TARGET: 4,435
  • Q3 Revenue & EBIT Were Slightly Better Than Expected
  • Forward Looking Indicators Include Revenue Guidance (Including Acquisition)
  • Revised Organic Guidance Is Also Forward Looking
  • Highest Ever Large Deal Bookings, As Per Mgmt, On Back Of A Weak Q2
  • HDFCLIFE; HSBC ON HDFC LIFE
  • MAINTAIN BUY TARGET: 750
  • Sequential Margin Improvement Was Higher Than Expected In Q3
  • Focus On New Customer Acquisition And Deepening Distribution Should Aid Growth
  • Margin Has Bottomed Out As Incremental Mix Change On Low Margin Linked Pdts Would Slow Down
  • Margin Has Bottomed Out As Sales Of Credit Protection Improve
  • Margin Would Improve In A Rate-Cut Cycle As They Are Negatively Correlated
  • REFEX; Refex Green Mobility set to take over Gensol's 2,997 EVs in a landmark strategic Tie-up
  • CLSA ON CONSUMER 2025
  • Four themes for 2025
  • The shift to organised trade will accelerate further in 2025. We see the key beneficiaries of this as: Zomato, Swiggy, DMART and ITC.
  • We see potentially adverse effects for: Hindustan Unilever, Marico, Godrej Consumer, Jubilant Foodworks & Westlife Foodworld.
  • Rural growth to recover but impact muted. The key beneficiaries are: Nestle and Britannia. q Premium categories to grow faster. We see the key beneficiaries as: Titan, Nestle, Britannia, Varun Beverages and DMart.
  • Investor focus will likely shift to returns as capex intensity and M&A activity in FMCG increases. Positively impacted by theme are: Zomato, Swiggy, Varun Beverages and Titan.
  • Adversely impacted by theme are: Hindustan Unilever, Marico, Godrej Consumer, Jubilant Foodworks and Westlife Foodworld.
  • HSBC Takeaways from specialty chemicals webinar
  • 2025 chemicals industry outlook is subdued in general, but there are pockets of opportunities in certain segments
  • Agrochem: expect challenges to persist in 2025, but US market may be the bright spot as demand has improved
  • Reiterate our Buy rating on UPL Ltd and Hold rating on Pl Industries, with unchanged target prices
  • JP MORGAN ON Q-COMMERCE (DARK STORES UPDATE)
  • Swiggy-Maintain Overweight, TP 730
  • Zomato-Maintain Overweight, TP 340
  • View current share prices as attractive entry points for both stock
  • Blinkit & Zepto have crossed their FY25 targets of 1000/700 stores in 3QCY24
  • Zepto leads the pack with the most dark stores with Blinkit marginally behind.
  • In Dec-24, dark store additions were largely beyond top 3/5/10 cities
  • Blinkit opening stores in >90 cities, which points to potentially a larger market beyond the top 10/20 cities .
  • Within top 3 cities, each player continues to chase population density
  • Zomato’s Quick Comerce  P&L is the only one that can absorb this without a meaningful dent in contribution margin (CM) and EBITDA margins
  • All players – Zomato, Swiggy and Zepto – are adding >200 Dark Store in Q1CY25
  • MGL; MORGAN STANLEY ON MGL
  • Maintain Overweight, TP 1606
  • Share price will rise in absolute terms over the next 30 days
  • Play on increasing miles traveled in Mumbai
  • Four-wheeler CNG conversions outperform
  • 6% EPS CAGR for F25-F28e and 16% sustainable RoCE
  • See attractive risk-reward.
  • SUGAR STOCKS : India to achieve 20% ethanol blending target in 2 months Says Nitin Gadkari
  • Sugar Stocks ; India's sugar production drops 13.62% to 130.55 lakh tonne in the ongoing 2024-25 marketing season.
  • Important Update: IPO Lock-In Ending in January 2025 (30 Days)
  • Suraksha Diagnostic: 3rd Jan
  • Vishal Megamart: 14th Jan
  • Sai Life: 14th Jan
  • One Mobikwik: 14th Jan
  • Inventure Knowledge: 16th Jan
  • International Gemmo: 16th Jan
  • Transrail: 23rd Jan
  • DAM Capital: 22nd Jan
  • Mamta Machine: 22nd Jan
  • Sanathan Textile: 23rd Jan
  • Concord Bio: 22nd Jan
  • Ventive Hospitality: 24th Jan
  • Senores Pharma: 24th Jan
  • Carraro India: 24th Jan
  • Unimech Aero: 25th Jan
  • ZOMATO; CLSA ON ZOMATO
  • Adding to High Conviction O-PF list(Overweight), target price at Rs 400 (From Rs 370)
  • Recent stock correction offers a great opportunity to accumulate the quick commerce (QC) and food delivery market leader
  • Believe the entire QC profit pool is set to expand rapidly over the next three years
  • Build a 51% revenue CAGR and 502% EBITDA CAGR for Zomato in FY24-27CL
  • Expect 3Q quick commerce margins to be softer
  • IDBI; Sources Says Process advisor KPMG set to submit closing diligence soon - NDTV PROFIT
  • Closing diligence to aid bidders to form financial bids
  • Bidding process to likely close next fiscal
  • IDBI Bank potential bidders include Prem Watsa's Fairfax, Emirates NBD, Kotak Mahindra Bank
  • LTTS; CITI Says Largely Inline; Guidance Revised Down
  • Revenue Guidance At 'Near 10%', Organic Guidance Revised To 'Near 8%'
  • RAIL STOCKS ; Rail Budget may see up to 20% hike in capex budget for FY26 - ET
  • STOCKS UNDER F&O BAN FOR 16 JAN
  • STIL IN BAN
  • AARTIIND
  • ANGELONE
  • BANDHANBNK
  • HINDCOPPER
  • KALYANKJIL
  • LTF
  • MANAPPURAM
  • RBLBANK
  • NEW
  • AB FASHION
  • LTTS; Emkay on L&T Tech Services
  • Upgrade to ADD, TP Rs5150
  • LTTS’s Q3FY25 operating performance was a tad better than our estimates
  • Revenue grew 3.1% CC QoQ, in line with expectations
  • EBITM (adjusted for one-off M&A costs) expanded by 110bps QoQ, above our estimate.
  • LTTS reported its highest-ever deal booking TCV in Q3, with 8 large deals. It has guided ~10% CC revenue growth for FY25, factoring in the Intelliswift acquisition
  • Mgt indicated organic growth of ~8%, implying ~7% QoQ organic growth in Q4
  • Emkay On Hospital Stocks
  • Indian corporate hospitals have embarked on an expansion spree, conquering whitespaces (10% CAGR over FY24-27)
  • An ageing population (190mn by 2030), improving insurance penetration (41% now), medical value tourism, and lower healthcare expenditure (3% of GDP) offer a multi-decadal growth opportunity
  • This supports foray of corporate hospitals beyond existing core markets Surge in valuation metrics, given the considerable improvement in margins and return ratios, seem justified Sustenance of growth with higher focus on brownfield (50% of incremental capacity) is unlikely to dent return profiles of our coverage companies.
  • RAINBOW; EMKAY ON Rainbow Children Medicare
  • Intiate Coverage with BUY, TP Rs1800
  • We initiate coverage on Rainbow leader in the niche underserved pediatric market as it gears up for the next growth phase (FY24-27E revenue CAGR: 21%)
  • Emkay initiates coverage on
  • Rainbow Children Medicare
  • BUY
  • TP Rs1800
  • Krishna Institute of Medical Sciences
  • BUY
  • TP Rs750
  • Max healthcare
  • ADD
  • TP Rs1150
  • Global Health
  • Reduce
  • TP Rs1000
  • UBS ON GOVT BUDGET
  • Government to continue with consolidation
  • Revenue collection to marginally improve in line with nominal GDP
  • Key focus: capex, consumption and employment but within fiscal boundaries
  • Muted impact on equities
  • If FY26 capex is budgeted at around Rs11 trn (similar to the FY25 budgeted capex), it would be negative for L&T
  • 10-year government bond yield to decline to 6.25% in FY26E
  • +ve CPAAS-DoT-Begin Caller ID services to Telecos
  • INDIGO; IndiGo bags higher aircraft deliveries for 4th consecutive month - ETNOW
  • In December 2024, IndiGo received deliveries of 9 aircraft, while Air India Group received just 1
  • Indigo has accounted for ~86% of deliveries over the past four months
  • In 2024, with 59 deliveries, IndiGo has partly exceeded its guidance on supply addition
  • Guidance was of one aircraft delivery per week
  • Air India had similar guidance, but actuals are lower at 3 aircrafts per 4 months
  • Air India received 39 aircraft deliveries in 2024
  • NURECA; LARGE TRADE
  • COPTHALL MAURITIUS INVESTMENT LIMITED BOUGHT1,16,711 SHARES @ ₹ 401.94
  • Saif Ali Khan injured after being attacked with a knife by an intruder at his home in Mumbai, hospitalised
  • STABBED six times in a robbery attempt, hospitalised.
  • MOBIKWIK; LARGE TRADE
  • QUANT MUTUAL FUND SMALL CAP FUND ESCMESCO SOLD 6,50,692 SHARES @ ₹ 513.57/SHARE
  • MOBIKWIK; LARGE TRADE
  • SSPL SECURITIES PRIVATE LIMITED SOLD 4,00,000 SHARES @ ₹ 497.16
  • DELTA AUTO : LARGE TRADE
  • ISHAAN TRADEFIN LLP SOLD1,26,000 SHARES @ ₹ 159.66
  • FINAVENUE GROWTH FUND BOUGHT 1,17,000 SHARES @ ₹ 171.38
  • PARADISE MOON INVESTMENT FUND-I BOUGHT1 LKH SHARES @ ₹ 162.35/SHARE
  • PURPLE UNITED ; LARGE TRADE NSE
  • MERU INVESTMENT FUND PCC- CELL 1 SOLD 51,000 SHARES @ ₹ 163.41/SHARE
  • PINE OAK GLOBAL FUND SOLD 1,59,000 SHARES @ ₹ 161.72
  • Rupee Opens At 86.43/$ Vs Wednesday’s Close Of 86.36/$
  • AWHCL; ANTONY WASTE Q3 BIZ UPDATE
  • PROCESSING DOWN 3 % TO 0.68 MT YOY, DOWN 3 % QOQ
  • C&T UP 2 % TO 0.49 MT (YOY), FLAT QOQ
  • TOTAL MSW UP 1 % TO 1.18 MT YOY, DOWN 1 % QOQ
  • AWHCL; Co. says In Q3FY25, the C&T operation managed 0.49 million tonnes and processed 0.69 million tonnes of MSW, totaling 1.18 million tonnes, a 3.2% YoY increase.
  • For FY25's first nine months, 3.56 million tonnes were managed, up 5.7% YoY.
  • The PCMC Waste-to-Energy facility achieved a Plant Load Factor of ~77% in Q3, surpassing the global industry standard.
  • PVRINOX; JM FINANCIAL ON PVR INOX
  • BUY INR 1,600
  • Most of the recent selling was by the arbitrage funds. Few factors explain this:
  • a) PVR-Inox is going off F&O segment on 28th Feb, prompting unwinding
  • b) Future-cash spread had increased in October, likely on expectations of a strong Q3 (which did not pan out).
  • Arbitrage funds’ holding in the stock has fallen under 1% now, limiting incremental unwinding. Spread has shrunk too. Be that as it may, the fall presents an attractive entry level in the stock.
  • Strong movie pipeline of 2025 and absence of specific headwinds (General Elections, T20 world cup) should improve footfall. PVR-Inox’s slower new screen addition should aid occupancies too. Moreover, a shift towards asset-light model (FOCO) means cash flow growth should exceed top-line’s, supporting valuations.
  • TANLA , ROUTE MOBILE ; CPAAS-DoT-Begin Caller ID services to Telecos
  • NIFTY 164 pts gap up
  • ADANI STOCKS UP AFTER HINDENBURG QUITS
  • STOCKS OUT FROM SHORT TERM ASM LIST
  • Hanman Fit Ltd
  • Hilltone Software and Gases Ltd
  • Mauria Udyog Ltd
  • Salzer Electronics Ltd
  • Skyline Ventures India Ltd
  • Vivo Bio Tech Ltd
  • INDIA GLYCOL, GLOBUS SPIRITS
  • GOVT IS LIKELY TO TAKE THE FINAL CALL ON ETHANOL PRICE HIKE UNION CABINET LIKELY TO CONSIDER ETHANOL PRICE HIKE PROPOSAL - ET NOW
  • Market opens higher, frontline indices up nearly 1% each in early trade. Nifty above 23,350
  • BALRAMPUR CHINI, RENUKA SUGAR
  • EXPORT RESTRICTIONS ON SUGAR MAY BE RELAXED
  • PSB; Q3 HIGHLIGHTS
  • NIMS AT 2.78 % V 2.71 % QOQ
  • ROA AT 0.73 % V 0.65 % QOQ
  • ROE AT 12.42 % V 10.91 % QOQ
  • SLIPAGES UP 30 % TO 299 CR QOQ
  • WRITE OFF DOWN 57 % TO 151 CR QOQ
  • COST OF FUNDS AT 5.91 % V 5.71 % QOQ
  • HDFCLIFE; HDFC LIFE UP 8 % ,TOP GAINER AFTER Q3 RESULT SURPASSED ESTIMATES AND POSSITIVE BROKERAGE NOTE
  • Nifty opens higher, for third straight session, near 23,400
  • SUGAR STOCKS UP
  • L&T TECH + 8 %
  • PSU BANK STOCKS
  • TRENT; Kotak on Trent
  • Downgrade to Sell from Add; Cut TP to Rs 5850 from Rs 6800
  • Strong growth story, now fully priced in
  • Zudio: Too many stores in select urban pockets
  • Westside store additions have disappointed
  • Star store additions have also been below expectations
  • Cut FY25-27 revenue by 1-2% and EPS by 9-14%
  • After the fantastic run-up in the stock price, it may be time to book profits
  • Nifty gives gap-up opening; starts above 23,300 mark
  • Nifty Bank surpasses above previous session high; up over 1%
  • Railways, Sugar, Adani Group Stock Rally
  • Nifty Midcap & Nifty Smallcap up over 1%
  • All major sectoral indices in green barring Nifty FMCG
  • K2 INFRAGEN ; K2 Infragen Limited has secured a Rs 48.34 Crore order for upgrading a two-lane road on NH-97 in Uttar Pradesh.
  • The contract, awarded by NHAI to M/s PPP Infrastructure Pvt Ltd, will be executed by K2 Infragen.
  • The company’s sales pipeline now exceeds ₹1000 crore, reflecting growth across its infrastructure sectors. K2 Infragen aims for sustainable growth over the next 3 years, focusing on expansion in India and key regions like Africa.
  • RNAVAL; Reliance Naval name changed to Swan Defence and Heavy Industries
  • L&T Tech
  • Reacting positively to earnings & management commentary
  • Hits over 3-week high intraday
  • Surpassed above 50 & 200 DMA level
  • Emkay on PayTM: Upgrade to Buy on Company, raise target price at Rs 1050/Sh
  • DIVISLAB; Divis Lab In Focus - ETNOW
  • Fresh development in Entresto - Novartis loses emergency bid to block Entresto generic in US
  • MSN preparing to launch generic on Thursday
  • Dr Reddy In Focus - high value product as per analysts
  • Received final approval for Sacubitril/Valsartan
  • note ; Important drug for Divis
  • ABBOTINDIA; Mr. Anuj Mehra, Senior Management Personnel, has been designated as Commercial Director - NeuroLife, GenNext and Vaccines effective February 1, 2025.
  • In the past, Anuj has worked with organizations like Sandoz, Ranbaxy, UCB, and Novartis.
  • TRANSRAILL; Management Says Part of IPO proceeds used towards capeх, current order book requires capex to increase capacity - CNBCTV18
  • Lowest bidder in projs worth ₹3,400 cr, further bidding for jobs in domestic & intl mkts
  • Have bid for projs worth ₹30,000 cr, typical strike rate of order win is approx 10%
  • So far we are ahead of the curve w.r.t margin in FY25, H2 execution will be better
  • GARUDA; Garuda Construction And Engineering Secures its Largest Order By Gorakhpur Development Authority Valued At Rs.1,087.34 Crore.ï
  • GARUDA; The company's order book has doubled at Rs 2830 crore, up from Rs 1408.27 crore at the time of its IPO in October 2024
  • The company will develop a state-of-the-art International Convention Centre at Gorakhpur
  • The company has already secured approvals (including fire approvals) from GDA on its plans to develop 24 lakh sq ft construction
  • The company expects the completion of the project in the next 30 months
  • Public sector orders account for 2/3rd, while Private sector accounts for nearly a third
  • HDFCLife, L&T Tech surge more than 8% each on strong Q3 results
  • Paytm shares jump 6% after Emkay expects the stock to touch levels of ₹1,050
  • MINDACORP; Minda Corp Management says For Minda Corp, revenue target for this year is ₹5,500 cr - CNBCTV18
  • Net debt-to-equity will be 0.6x post Flash Electronics acqn
  • Acquisition of stake buy in Flash Electronics is EPS accretive
  • Profit that will come to Minda's book from Flash Electronics, is ₹50-55 cr
  • EV's contribution to Flash Electronics' rev will increase to 20% in FY25 vs 13% in FY24
  • Bhavish Aggarwal starts Ola group restructuring, beginning with Ola Maps. Ahead of the IPO, he will realign the corporate and management structure across his three ventures. - ET
  • LTTS; L&T TECH Management Says Organic guidance for FY25 at 8%; growth will be 10% including IntelliSwift acquisition - CNBCTV18
  • Closed highest number of large deals in the recent past
  • Expect FY26 to be better than FY25, expect Q4 margin to be similar to Q3
  • Maintain medium-term aspiration of $2 bn of revenue and margin of 17-18%
  • Expect mobility to grow in Q4 on the back of the recent deal wins
  • KAUSHALYA; Kaushalya Logistics Opening New Depots Of Ambuja Cement (Adani Group) At Haryana
  • KAUSHALYA LOGISTICS; ACC and Ambuja Cement (Adani Cement Group) have approved operations in strategic Haryana locations, including Kurukshetra, Kaithal, Fatehabad, and Bhiwani. The new depots in Kurukshetra and Bhiwani mark the first phase, enhancing service and logistics capabilities.
  • These depots will offer Logistics and C&F services for both brands, supporting efficient and scalable logistics solutions.
  • HDFCLife shares hit upper circuit after Q3 results
  • Healthcare is a long-term trend that will continue to perform very well," says Amisha Vora of PL Group
  • IndusTowers up nearly 2% after UBS upgrades co to buy rating
  • KALYANKJIL; Kalyan Jewellers shares extend losses, down in 9 of the last 10 sessions, despite F&O ban, after a 10% lower circuit yesterday.
  • A B Cotspin India Ltd. Expands Solar Power Capacity from 2,800 KW to 3,131 KW Enhancing Sustainability Initiatives
  • Spacecraft docking successfully completed! A historic moment.; ISRO
  • Manoeuvre from 15m to 3m hold point completed. Docking initiated with precision, leading to successful spacecraft capture. Retraction completed smoothly, followed by rigidisation for stability. Docking successfully completed.
  • ICICI SEC Says Numbers are expected to be higher on a YoY and QoQ basis - ETNOW
  • More positive signals needed on Jio as well as value unlocking
  • Recovery in broader consumption will provide a trigger for the stock
  • Rupee depreciation is a big negative for all Indian oil operators; will remain a key monitorable
  • Cement volumes are expected to recover nearly 5% YoY in Q3FY25. Expect the pricing action for cement sector to be better in Q4 Vs Q3
  • Rajesh Ravi, HDFC Securities to CNBC-TV18
  • HDFC SEC Says Volumes are expected to recover nearly 5% YoY in Q3FY25
  • Have seen some improvement in realisation in Q3
  • Expect the pricing action for cement sector to be better in Q4 Vs Q3
  • Ambuja valuation is better than UltraTech at current levels
  • Prices have not improved much in Q3, pricing action is expected to play out in Jan & Feb 2025
  • Bharat creates HISTORY
  • Bharat achieves historic milestone as ISRO successfully completes the SpaDeX spacecraft docking mission, becomes the 4th country to achieve successful space docking.
  • Have got approval from Government of India for raising Rs 2,000 cr via QIP, see 3% reduction in govt stake post QIP: Ashwani Kumar, UCO Bank to CNBC-TV18
  • Cabinet may soon approve an increase in ethanol price, B-heavy molasse’s price can be hiked by ₹1.82 & c-heavy by ₹6.87/litre: sources say
  • Not expecting a big bull run, but don't think market will correct a solid 15-20%," says Samir Arora, Helios Capital
  • These are his views on some sectors and stocks like HDFC Bank and Zomato
  • SUGAR STOCKS ; Sources Says CABINET MAY SOON APPROVE AN INCREASE IN ETHANOL PRICE - CNBC-AWAAZ EXCLUSIVE
  • B-heavy Molasse's Price Can Be Hiked By ₹1.82 & C-heavy By ₹6.87/Litre
  • C-heavy Mollasse's Price Can Be Increased To ₹56.28 From ₹49.41/Litre
  • Incentive Of ₹6.87 Announced Last Yr For C-heavy mollase, Can Be Regularised
  • Alert: B-heavy Molasse Is A Byproduct Of Sugar Prodn That Is Used To Make Ethanol
  • Alert: C-heavy Molasse Is A Byproduct Of Sugar Refineries That Is Used To Make Ethanol
  • Alert: Govt Has A Target To Achieve Ethanol Blending Target Of 20% By 2025-26
  • Alert: Currently, Ethanol Blending Petrol Is At 15.83%
  • UCO BANK Says Will raise ₹2,000 Cr via QIP after Q3 Results - CNBCTV18
  • Will see 3% reduction in govt stake post QIP
  • Have been speaking to domestic institutional investors for QIP
  • Q3 provisional updates have been above our guided band
  • CD Ratio is near 75% as guided earlier
  • SAMIR ARORA HELIOS CAPITAL
  • • Not expecting a big bull run, but don't think market will correct a solid 15-20%
  • • Money-weighted returns are important to gauge in the current market
  • • Continue to like platform cos stocks
  • • Auto is the worst sector globally and locally
  • • Financials will do better over the next 6-9 months
  • • HDFC Bank will lead the growth in the financials pack
  • • See positive impact on Zomato from expected budget announcements
  • ABNEESH ROY
  • NUVAMA INSTITUTIONAL EQUITIES
  • • Continue to have Trent as one of the top picks
  • • Marriage season to aid growth in near-term
  • • See 2 more qtrs of pain in urban consumption
  • • Campa Cola impact will be evident on Dabur's beverages business
  • • Expecting some benefit in the budget for the lower end of urban consumption
  • • Still see a challenge when it comes to QSR cos on the back of urban consumption slowdown
  • • Reliance Retail could see some margin pressure
  • • E-comm and Q-comm have good days ahead
  • • Expect United Spirits to report strong numbers
  • 370
  • • Like the liquor sector from the discretionary basket
  • • Bikaji's Q3 margins may disappoint the street, Q4 to be better
  • • Pidilite and Berger are the best plays for Akzo Nobel
  • • See Asian Paints struggle to acquire market share
Panchkarma