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Market Highlights

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

December 13, 2024

  • NASDAQ hits 20,000!
  • Here's a look at the top 5 US stocks leading the charge with remarkable gains.
  • News Headlines from Business News Agencies :
  • Business Standard :
  • Tech Mahindra, ServiceNow collaborate to offer Gen AI management solutions
  • Titan's Zoya plans 20 luxury jewellery stores in the next 3 to 4 years
  • Green shoots seen on consumption, food inflation likely to fall: Ficci Prez
  • CPPIB, RMZ to invest $750 million in commercial project in Mumbai
  • Lenders likely to securitise loans over Rs 60,000 crore in Q3FY25
  • Domestic steel capacity utilisation to hit four-year low, says ICRA
  • HDFC Bank discloses Sebi warning letter over regulatory non-compliance
  • Mirae Asset launches 2 funds targeting India's emerging consumer landscape
  • PC Jeweller board approves issuing 51.7 mn shares to lenders to settle debt
  • SBI adds to record samurai loan boom with $197 million debt facility
  • Edible oil import up 39% in Nov on higher shipment of crude oils: SEA
  • GHCL gets environmental nod for soda ash project
  • Economic Times :
  • Auto component industry grows 11% to Rs 3.32 lakh crore in April-September: ACMA
  • Jewellery retailer Bluestone files for IPO, to sell fresh shares worth $118 million
  • China vows to issue more debt, cut interest rates next year
  • TCS extends partnership with Telenor Denmark to manage IT infra
  • Expect economic growth of 6.5-7 pc this fiscal; pick up in private investment: FICCI President
  • CREDAI-Bengaluru seeks government support to resolve E-Khata related issues
  • Tata Motors to hike trucks, buses prices by 2% from Jan 1
  • Govt seeks Parliament nod for Rs 44,143 crore extra spending in FY25
  • Govt considering proposal to impose safeguard duty on steel imports
  • NCLAT appoints NBCC as consultant to complete Supertech's 16 housing projects at Rs 9,445 cr cost
  • Swiss National Bank cuts interest rates by 50 basis points
  • Mint :
  • Govt confident of economic rebound despite global challenges, says Piyush Goyal
  • India's October industrial output at 3-month high of 3.5% y/y
  • India's retail inflation eases to 5.48% in Nov on softer food prices
  • Cumulative capex of airports expected to grow 12 pc at ₹60,000 cr in 3 yrs: Report
  • India may extend duty-free yellow pea imports by two months
  • Income tax refunds rise 46.31% to ₹3.08 lakh crore in FY24-25: FinMin
  • Thousands of Chinese EVs Clog Up Brazil’s Ports in Slowdown
  • Over 540 mn bank accounts opened under Pradhan Mantri Jan Dhan Yojana: Report
  • Rupee hits record low, RBI intervention counters bearish tilt
  • Hotel sector set for growth with ₹8000-cr IPOs & ITC demerger: Jefferies
  • IEA lifts 2025 oil-demand forecast but expects growth to remain subdued
  • Do you own an Electric Vehicle, or are you planning to buy in the near future ??
  • Then, don't miss this one !!
  • Why is standard motor insurance not enough for EVs ?
  • A Good Read
  • https://x.com/Sudeep_Shah/status/1867247615643091375?t=kdy_oLQ2edYnr9Djuekknw&s=09
  • Summary of Market Participants Positioning in the Derivative Segment for 12th December, 2024.
  • Synopsis:
  • FIIs sold to the tune of 3,560.01 cr. while DIIs bought to the tune of 2,646.65 cr.
  • FIIs' Long short ratio for index futures is at 39.94 as on a net basis, they sold 20,313 index futures contracts.
  • On the stock futures front, FIIs have sold to the tune of 79,871 contracts, while on the Options Front, FIIs bought 4,213 call contracts and 47,412 Put Option contracts.
  • https://x.com/_sbisecurities/status/1867211106651160588?s=46&t=tAv0kfCQeNv0krS0GhVFNQ
  • Securities in Ban For Trade Date 13-DEC-2024:
  • 1 GRANULES
  • 2 HINDCOPPER
  • 3 METROPOLIS
  • 4 NATIONALUM
  • 5 PVRINOX
  • 6 RBLBANK
  • Navigating the Opening Bell with Sbi Securities: 6 Key Technical and Derivative Insights
  • Gift Nifty Signals Weak Opening: Focus on 20-Day EMA Support
  • 1. Global Market:
  • On Thursday, all three major US indices closed in the red following the release of inflation data. The #Dow extended its losing streak to six consecutive sessions, ending 0.53 percent lower. The #Nasdaq dropped by 0.68 percent, while the #S&P 500 declined by 0.54 percent.
  • Going ahead, for the S&P 500, the 20-day EMA zone of 6020-6000 will act as immediate support for the index. While, on the upside, the zone of 6090-6100 will act as a crucial hurdle for the index.
  • For the second consecutive trading session, #BrentOil oscillated near its 50-day EMA level. Going ahead, the zone of $73.80-74 will act as an immediate hurdle for Brent Oil. While on the downside, $72.20-72 will act as crucial support.
  • For the fifth consecutive trading session, the U.S. Dollar Index (#DXY) ended on a positive note. Currently, it is trading above its short and long-term moving averages. The daily RSI quotes above the 60 mark, which is a bullish sign. Hence, we believe it is likely to continue its northward journey and test the level of 107.50, followed by 108 in the short term.
  • 2. Nifty View:
  • On the weekly expiry day, the benchmark index Nifty traded within a tight range of 147 points, forming a small-bodied bearish candle with an upper shadow. This marked the fifth consecutive session of range-bound movement for the index, signaling a lack of clear direction in the market.
  • The momentum indicators and oscillators have been fluctuating within a range over the last five trading sessions, reflecting a consolidation phase.
  • Going ahead, the 20-day EMA zone of 24400-24350 will act as immediate support for the index. If the index slips below the level of 24350, then the next support is placed at 24220 level.
  • While, on the upside, the resistance shifted lower in the zone of 24650-24680 level. Any sustainable move above the level of 24680 will lead to resume its northward journey. In that case, it is likely to test the level of 24770, followed by 24900 in the short term.
  • On the #derivatives front, December #futures ended lower by 0.35 percent, while the combined #OpenInterest for the current, next, and far series surged by 0.38 percent.
  • Among the constituents of the #Nifty index, 8 stocks have witnessed a long build-up, and 11 stocks have witnessed a short covering rally. While 20 stocks have witnessed a short build-up, and 11 stocks have witnessed a long unwinding.
  • The 24600 strike has significant call open interest, followed by the 24700 strike. On the put side, 24500 has a substantial open interest, followed by a 24400 strike.
  • For the weekly series, OI PCR is at 0.77. While, for the December monthly series, OI PCR is at 1.16.
  • 3. Bank Nifty View:
  • On Thursday, Bank Nifty opened with a gap down but attempted a recovery during the session. However, it struggled to sustain at higher levels, encountering renewed selling pressure, and ultimately closed at 53216, down by 0.33%. On a daily scale, it has formed a Gravestone Doji candle.
  • Notably, in five of the last six trading sessions, the index has formed candles with long upper shadows, highlighting persistent selling pressure at higher levels. This pattern suggests caution, as it reflects the market's hesitation to hold onto gains at elevated levels.
  • Going ahead, the zone of 52850-52800 will act as immediate support for the index. If the index slips below the level of 52800, then the next support is placed at the 52500 level.
  • While, on the upside, the zone of 53450-53500 will act as a crucial hurdle for the index.
  • On the #derivative front, December #futures dipped by 0.23 percent, and the cumulative #OpenInterest of current, next, and far series has also dipped by 3.59 percent.
  • The 53500 strike has significant call open interest, followed by the 54000 strike. On the put side, 53000 has a substantial open interest, followed by a 52500 strike.
  • For the December monthly series, OI PCR is at 0.89.
  • 4. Key Market Indicators:
  • In the last five trading sessions, the volatility index, India VIX, tumbled by over 9 percent. This significant drop reflects subdued market volatility.
  • The #Advance/Decline ratio largely tilted in favor of decliners on Thursday.
  • 5. Key Sectors:
  • Technically, Nifty IT, Nifty Consumer Durable, Nifty Financial Services, and Nifty Realty are likely to outperform in the short term.
  • While, Nifty FMCG, Nifty Oil & Gas, Nifty CPSE, Nifty PSE, Nifty Media, and Nifty Auto are likely to underperform in the short-term.
  • 6. FII/DII Data:
  • #FIIs sold to the tune of 3560.01 cr. while #DIIs bought to the tune of 2646.65 cr.
  • FIIs' #Long-short ratio for index futures is at 39.94 as on a net basis, they sold 20313 index futures contracts.
  • On the stock #futures front, FIIs have sold to the tune of 79871 contracts, while on the #Options Front, FIIs bought 4213 call contracts and 47412 Put Option contracts.
  • India Daybook – Stocks in News
  • Firstsource Solutions Ltd: Company partners with WebID Group to fortify platform safety and advance tech‐driven Trust & Safety solutions. (Positive)
  • NESCO: Company has been awarded a 30-year contract by National Highways Logistics Management Limited to develop and operate wayside amenities on the Hyderabad-Visakhapatnam Expressway. (Positive)
  • Uttam Sugar: Company’s credit ratings have been revised by CARE Ratings. Long-term bank facilities rating improved from BBB+ to A- (Positive)
  • Tata Motors: Company will increase commercial vehicle prices up to 2% from January 1st, 2025, to offset rising input costs. (Positive)
  • GNA Axles Limited: Company announced the commissioning of a 4 MW rooftop solar power plant at its Kapurthala facility. (Positive)
  • TT Limited: Company announced the imminent launch of its Howrah, West Bengal production facility. (Positive)
  • Shree OSFM E-Mobility: Company’s long-term bank loan rating upgraded to CRISIL BBB-/Stable from CRISIL BB+/Positive by CRISIL Ratings Limited. (Positive)
  • Bajel Projects: Bags order for Supply of Goods and Services Contract for EPC work for Establishment of new 400/200 KV Solapur Substation. (Positive)
  • GR Infraprojects: Gets Letter of Intent for a transmission project in Karnataka from PFC Consulting; quoted price for the project is at ₹107.7 cr/annum. (Positive)
  • Pennar Industries: Company to enter into JV agreement with Zetwerk Manufacturing Businesses to manufacture & sale of solar modules & cells (Positive)
  • Quick Heal: Company to focus on growth with new product launches (Positive)
  • JK Tyre: Company said it has secured a €30 million long-term loan from DEG – Deutsche Investitions- und Entwicklungsgesellschaft (Positive)
  • Godrej Ind: Acquired 26% stake in Clean Max Kaze Private Limited. (Positive)
  • HAL: MoD signs contract worth Rs 13,500 Cr with HAL for procurement of 12 Su-30MKI Aircraft (Positive)
  • GHCL: Company received environmental clearance for the soda ash plant. (Positive)
  • Larsen: Indian Light Tank manufactured by company, achieves major milestone by firing at high altitude (Positive)
  • Mazdock: Thyssenkrup Marine Systems is a partner of Mazagaon Docks. (Positive)
  • Power Grid: Company declared a successful bidder for two transmission projects. (Positive)
  • USL/UBL: India and U.K. are expected to hold next round of talks for a proposed FTA in January. (Positive)
  • AWL/Patanjali: India's edibleoil import rises 38.5% to 15.9 lakh tonne in November. (Positive)
  • VBL: India now an anchor market says Pepsico, co rolls out new global restructuring plan amid challenges in its top markets (Positive)
  • Ashok Leyland: Company said it has won an order from the TNSTC to supply 1,475 BSVI diesel passenger bus chassis (Positive)
  • Gopal Snacks: Company announced a temporary operational suspension at its Metoda, Rajkot manufacturing plant due to a fire incident (Neutral)
  • Veefin Solns: Company Arm acquires 50% stake in Walnut AI for $2 million. (Neutral)
  • NACL Industries: Company board approves issuance of 6.9 Million warrants at Rs 58 each, board approves issuance of 1.7 Million shares at Rs 58 each (Neutral)
  • Swati Projects Ltd: Company acquired 76% stake in Radhashree Apartments Pvt Ltd (Neutral)
  • Fiem Industries: Company announced the resignation of Mr. Bhupinder Pal Singh, President, and effective December 14, 2024 (Neutral)
  • Reliance Infra: The Supreme Court issues notice for contempt proceedings against DAMEPL and Axis Bank. (Neutral)
  • Kalpataru Projects: Company to Raise Up to ₹1,000 Cr via QIP, Issue Price At ₹1,201/sh. (Neutral)
  • Tata Motors: Company announced that it will increase the prices of its CVs starting January 1, 2025. (Neutral)
  • NHPC: Company said its board of directors has approved a revised borrowing plan to raise up to ₹6,900 crore. (Neutral)
  • Adani Green: Adani Renewable Energy Holding Nine, incorporates three wholly-owned subsidiaries. (Neutral)
  • Zomato: Company faces GST demand of Rs 800 Cr with penalty. (Negative)
  • Greenply: Greenply Speciality Panels, situated at Vadodara, Gujarat, is closed w.e.f. December 11, 2024, due to breakdown of machinery. (Negative)
  • UBS On Banks
  • Neutral Call On IndusInd Bk, Target Cut To Rs1,150/Sh From Rs1,350/Sh, Cut EPS By 5%/6% For FY25/26
  • Neutral Call On Axis Bank, Target Cut To Rs1,210/Sh From Rs1,250/Sh
  • Neutral Call On AU Small Fin Bank, Target Cut To Rs640/Sh From Rs750/Sh
  • HDFC Bank, ICICI Bank & Federal Bank Are Top Picks
  • Non-Performing Loans Risks Increased For CV And Business Loans
  • Static Pool Analysis Of Disbursements In Recent Quarters Suggests Deterioration In Portfolio Quality
  • Maintain View On Rising NPLs & Raise Credit Cost Estimate By 2-25 bps Across Lenders
  • Among NBFCs, Increase Credit Cost Estimate For FY25/26 By 1-20 bps & Cut FY25/26 EPS By 1- 7%
  • Increase Credit Cost Est & Cut In EPS For For Bajaj Fin, Cholamandalam Invst, Shriram Fin & M&M Fin
  • Jefferies On Indian Oil
  • Upgrade To Buy, Target at Rs185/Sh
  • Refining Is Set To Strengthen In CY25 On Accelerated Capacity Closures Amidst Healthy Demand
  • Amongst OMCs, Co Is Most Levered To Refining Margin Improvement
  • Co Is Most Levered To Refining Margin Improvement Due To Its Highest Refining/Marketing Ratio
  • Risk Reward Has Turned Favourable After 20% Correction Over Past 3 Months
  • Citi On Infosys
  • Neutral Call, Target At Rs1,965/Sh
  • Management meet takeaways
  • Demand outlook & IT budgets
  • a) Co witnessing an improvement in discretionary spend in pockets
  • b) New deals also driven by compliance & digital transformation initiatives
  • (c) Financial services slowed down first and is starting to recover first. While it is still early to definitively call it a trend, Infosys expects other sectors to follow suit over a period of time.
  • (d) On IT budgets, Infosys gets some sense from clients in Jan/Feb in terms of what they are looking at.
  • GS On Pharma
  • Continue To Prefer Syngene (Buy) & Neuland (Buy) Over Divi’s (Neutral), Gland (Sell) & Laurus (Sell)
  • Analyse Export Data Of Key CRDMO Cos For Nov’24 Suggests Mixed Trends
  • Export Data Exhibits Relatively High Correlation To Actual Reported Numbers
  • Export Data Highlights That Monthly Fluctuations For Relatively Smaller Cos Can Remain High
  • Fluctuations For Smaller Cos Can Remain High Due To Bunching Of Shipments In A Particular Month
  • Neuland Labs +276% YoY, Piramal Pharma +31% YoY
  • Divis +5% YoY, Gland Pharma +3%, Laurus Labs -29% YoY
  • Lower export impacted due to lower pricing/margin dilutive products
  • DAM Cap on EPAC Durables
  • Initiate Buy, TP Rs 495
  • India’s RAC market poised to grow at 14% CAGR over FY25-30E
  • Believe Epack well positioned to capture growth with its strong R&D capabilities, deep client relationships, increasing wallet share & new strategic clients like Hisense
  • UBS on HAL
  • Buy Rating, Target Rs5,700
  • Received order for Su-30MKI aircraft with order value of Rs 135bn and 62.6% indigenisation
  • YTD HAL received manufacturing orders of Rs400bn (including Rs260bn of AL-31 FP engines), representing 40% of our FY25 order intake of Rs1tn.
  • Expect defence orders to bunch up in Q4 HNAL remains our top pick.
  • Morgan Stanley on Markets
  • Ongoing bull market has overtaken 2003-08 bull run in terms of length
  • But cumulative return is a third of what 2003-08 bull market generated
  • Current run-better gains relative to emerging markets than all previous bull markets
  • Least volatile bull market
  • Previous bull markers have ended at higher multiples, so there maybe room for this one to go further
  • Continue to back cyclicals over defensives
  • Prefer Financial, Con. Discretionary, Industrial and Tech over rest
  • Jefferies 2025 Outlook
  • Nifty Target at 26000
  • Prefer large caps over smid-caps
  • Expect market returns at 10% over CY25 in line with earnings growth Valuations for Nifty
  • At 20,5x one-year forward PE, are 6% above the past five-year average
  • Rate cuts by the RBI (50bps)
  • Overweight Banks remains our highest- conviction idea as growth gradually picks up
  • Top picks are ICICI, Axis, SBI, Bharti Airtel, JSW Energy, TVS, Coal, Godrej Properties, Sun Pharma
  • Investec on Medplus
  • Maintain Buy; target price at Rs 940
  • Co plans to add 600 stores in FY26
  • Generics-good adoptions coming by chronic medicine customers
  • Store franchise business models coming back
  • Co's diagnostic pilot project in Hyderabad turned profitable
  • Doesn't have expansion plans for diagnostic business
  • Jefferies on Reliance Retail
  • Has built massive scale and formidable play in retail space
  • May need to cue from some focused retailers and go after sizeable opportunities
  • Omni-channel presence-case for a foray in Q-Commerce
  • Company has 26% stake in Dunzo
  • Media reports indicate Co looking at 30-min delivery services unlike 10-15 minutes from peers
  • Jefferies on Cement
  • Dealers confirmed price hikes of Rs 8/12 per bag for Dec/Jan (3% MoM)
  • Demand growth has moderately improved
  • Recovery should continue into Q4 on revival in govt capex
  • Top players industry cutting incentives in the
  • New commissioning might keep prices on sideways basis
  • Like Ultratech Cement and JK Cement
  • HSBC on CPI Data
  • Inflation softer, but more disinflation needed
  • All eyes on temperatures during winter months
  • RBI will cut rates at Feb and April meetings, taking repo to 6%
  • For sharper food disinflation, winter season may have to stick longer in 2025
  • MS on CPI Data
  • Trend in high frequency indicators indicate sequential decline in vegetable prices
  • Strength in kharif output and resilient momentum in rabi sowing-should improve food inflation outlook
  • Expect RBI to follow shallow rate easing cycle from Q1FY25, with cumulative rate cut of 50bps
  • CITI on CPI Data
  • CPI Data November CPI is likely to encourage markets to increase the odds of a February rate cut, which is also our base case.
  • Remains a close call and we maintain that the RBI will need more supportive inflation and activity data over the next two months to cut rates in February.
  • GS on CPI Data
  • November 2024 CPI: 5.5% YoY vs. GSE: 5.6% YoY, Bloomberg consensus: 5.5% YoY, October 2024: 6.2% YoY
  • Raise our headline inflation forecast for Q4 CY24 by 10bp to 5.7% YoY as the contraction in vegetable prices in December has been lower than our earlier expectations, thus far.
  • As a result, we raise our CY24 and FY25 headline inflation forecasts by 10bp each to 5.0% YoY and 4.9% YoY respectively.
  • Bondada Engineering Aims To Double Revenue, CAGR Annually Over Next Three Years On Strong Order Book https://www.ndtvprofit.com/business/bondada-engineering-revenue-target-cagr-strong-order-book
  • AMI ORGANICS: The Board approved a ₹177 crore capital expenditure for the Jhagadia brownfield project to automate operations and build utilities, storage, and packaging facilities.
  • Proposed Capacity; 4000 MT / year for electrolyte additives products
  • Capacity to be added By the H1 of FY 2025-26
  • Capital expenditure approved for capacity addition at the Jhagadia brownfield project to automate operations and build utilities, storage, and packaging facilities.
  • GLAND PHARMA: Gland Pharma receives USFDA approval for Phytonadione Injectable Emulsion USP (Vitamin K1), bioequivalent to Hospira's product.
  • Indicated for coagulation disorders, it will launch soon through marketing partners.
  • US sales reached $15 million (Sept 2024).
  • NAVA: Update on CBI case involving the Managing Director of the Company
  • Today Special Judge Released all, including Mr. P. Trivikrama Prasad, MD of Nava Limited, from all charges in the Coal Block Cases.
  • STRIDES: UPDATE ON DEMERGER
  • In line with the Share Entitlement Ratio, OneSource has allotted One Equity Share of Re. 1/- each of OneSource for every Two Equity Shares of Rs. 10/- held by Strides’ shareholders.
  • OneSource is in the process of filing Information Memorandum with the Stock Exchanges during December 2024 and is expecting to receive Listing Approval from the Stock Exchanges during Q4 FY 25.
  • KSOLVES: Board Meet On 20 Dec To Consider Stock SPLIT
  • SHRIRAM FINANCE: Shriram Finance Limited Concludes Transfer of Shriram Housing Finance Limited to Warburg Pincus for Rs 3929 Cr
  • Post this transaction, Co. is well-
  • positioned to further expand its operations and accelerate its growth under Warburg Pincus’ ownership and guidance.
  • RAMA STEEL: The Board approved the subscription of a 24.80% stake in Bigwin Buildsys Coated Pvt. Ltd. for ₹5.65 crore, through the issuance of fresh equity shares of Rama Steel Tubes Ltd.
  • Co. To Issue 40,32,126 Shares To M/ s Bigwin Buildsys @ ₹ 14/Share
  • M/ s Bigwin Buildsys is engaged in inter-alia in the business of green energy solution specially in Solar Structures.
  • The acquisition of the M/s Bigwin Buildsys Coated Private Limited as envisaged will help in diversification of business in the field of Green Energy Solutions specially in Solar Structures
  • Bigwin Buildsys TURNOVER
  • FY 2021-22: Rs. 44.03/- Crore
  • FY 2022-23: Rs. 28.87/- Crore
  • FY 2023-24: Rs. 23.25/- Crore
  • HYUNDAI MOTORS: The company was accused of excess royalty payments in FY 2007-08/AY 2008-09, leading to a Transfer Pricing adjustment.
  • The appeal resulted in a reduced adjustment from ₹86.88 crore to ₹21.83 crore.
  • Company is of the view that there will be no material impact on financial, operation or other activities of the company due to this ITAT Order.
  • PC JEWELLERS: Board Approved Issuance of 5,17,11,462 equity shares (₹10 each) via preferential allotment to Consortium Lenders under the 'Non-Promoter, Public Category' for settling part of outstanding debts, per the Joint Settlement Agreement
  • The issue price and share quantity will be adjusted post-record date (December 16, 2024) for the sub-division of shares from ₹10 to ₹1 each.
  • AEROFLEX IND: Board Meet On 14 Dec To Consider Fund Raising
  • SHRADHA INFRA: Active Infrastructures Limited (AIL), a subsidiary of Shradha Infraprojects Limited, has re-filed its draft Red Herring prospectus with NSE [SME e-merge Platform] for an IPO of up to 43,00,200 equity shares.
  • Copied from stockaajorkal telegram channel
  • NOTE ; Shradha Infraprojects holds 99.99% of AIL's pre-issue capital.
  • WAAREE ENERGIES: WINS ORDER
  • Waaree Forever Energies Private Limited a wholly owned subsidiary of the Company has today received Letter of Award (LoA) for the development of 170 MW Solar power plant in Madhya Pradesh, from Rewa Ultra Mega
  • Solar Limtied (RUMSL).
  • The Solar power plant will enable the generation and transmission of clean energy via the Inter-State Transmission System (ISTS).
  • Copied from stockaajorkal telegram channel
  • The project will supply renewable energy to Madhya Pradesh Power Management Company Ltd and Indian Railways thus contributing significantly to India’s renewable energy goals.
  • 4th Interim Dividend ?
  • Vedanta Board to meet on 16 December, 2024 to consider and approve the fourth interim dividend.
  • Record date for dividend if declared will be 24 December, 2024.
  • STOCK IN F&O BAN LIST FOR 12 DEC
  • STILL IN BAN
  • GRANULES
  • MANAPPURAM
  • METROPOLIS
  • PVRINOX
  • RBLBANK
  • NEW ENTRY
  • HINDCOPPER
  • EXIT ; NIL
  • RITCO LOGISTICS MONTHLY BIZ UPDATE
  • Ritco Wins 120 Crore Contract with Haldia Petrochemicals: Ritco secures a significant road transport contract, reinforcing its position in the petrochemical logistics sector.
  • Logistics Deal with Mahadhan AgriTech: Ritco lands a 2115 crore contract from Mahadhan AgriTech, solidifying its service excellence in the West Zone.
  • P&G Partnership in South Zone: Ritco secures a major logistics contract with Procter & Gamble, emphasizing its global operational capabilities.
  • Expanding in Key Sectors: Ritco strengthens its portfolio in coal, steel, polymer, and plastics by onboarding top-tier customers.
  • Blue Star Collaboration: Ritco begins logistics operations for Blue Star Ltd. in the North Zone, marking another milestone.
  • Three Work Orders from Sandur Manganese: Ritco wins three major contracts for transporting 20,000 MT of coal from Sandur Manganese in the South Zone.
  • Multimodal Transportation Growth: Ritco restructures to drive growth in multimodal transportation with a new industry expert leading the department.
  • STOCKS MOVED TO SHORT TERM ASM LIST
  • A2Z Infra Engineering Ltd
  • Amic Forging Ltd
  • Deepak Chemtex Ltd
  • Greaves Cotton Ltd *
  • Indo Us Bio-Tech Ltd *
  • Kernex Microsystems India Ltd *
  • Mahalaxmi Rubtech Ltd *
  • Mishtann Foods Ltd
  • Raghunath International Ltd
  • Raghunath Tobacco Company Ltd
  • Shilp Gravures Ltd
  • Spectrum Foods Ltd
  • Sujala Trading & Holdings Ltd
  • Swashthik Plascon Ltd
  • Syschem India
  • The Phosphate Company
  • STOCKS OUT FROM SHORT TERM ASM LIST
  • Anand Rayons Ltd
  • Apeejay Surrendra Park Hotels Ltd
  • Apoorva Leasing Finance
  • Benara Bearings and Pistons Ltd
  • BFL Asset Finvest Ltd
  • Bhandari Hosiery Exports Ltd
  • Bliss GVS Pharma Ltd
  • Chemo Pharma Laboratories Ltd
  • Fiberweb India Ltd
  • Lactose India Ltd
  • Maximus International Ltd
  • Monind Ltd *
  • Nelco Ltd
  • Olympic Cards Ltd
  • Orient Technologies Ltd
  • Panjon Ltd *
  • Pudumjee Paper Products Ltd
  • Response Informatics Ltd
  • Shradha AI Technologies Ltd $
  • Shree Pushkar Chemicals
  • Siyaram Silk Mills Ltd
  • Superior Industrial Enterprises
  • Tolins Tyres Ltd
  • Veejay Lakshmi Engineering
  • Ventura Textiles Ltd *
  • Q2FY25 GDP number is here -
  • Actual - 5.4%
  • CNBC TV18 Poll - 6.5%
  • NASDAQ HITS 20,000 FOR FIRST TIME
  • BEAT THE STREET BULLETIN
  • Date: 11-Dec-24 (PART 2)
  • NEW ORDERS & CONTRACTS
  • - WAAREE ENERGIES: Waaree Forever Energies, a wholly owned subsidiary, receives a Letter of Award for the development of a 170 MW solar power plant in Madhya Pradesh from Rewa Ultra Mega Solar Limited (RUMSL). The project will generate clean energy for Madhya Pradesh Power Management Company Ltd and Indian Railways.
  • - CWD LIMITED: Announced a new purchase order for Sound Boxes from one of India’s top 3 NBFCs. Over 50 million customers will benefit from the nationwide deployment of the product.
  • CORPORATE UPDATES & ANNOUNCEMENTS
  • - KOTHARI INDUSTRIAL: Board approved the issuance of 3.52 crore equity shares at ₹25 each, totaling ₹88 crore on a preferential basis to promoters and non-promoters. The Board also approved acquiring 30.70% of Mr. Rafiq Ahmed’s stake in Phoenix Kothari Footwear Ltd.
  • - AMI ORGANICS: Board approved a ₹177 crore capital expenditure for the Jhagadia brownfield project, focusing on automating operations and expanding capacity to 4000 MT/year for electrolyte additives products by H1 FY 2025-26.
  • - GLAND PHARMA: Receives USFDA approval for Phytonadione Injectable Emulsion USP (Vitamin K1), bioequivalent to Hospira’s product, which is indicated for coagulation disorders. US sales reached $15 million as of September 2024.
  • - NAVA: Update on CBI case involving the Managing Director. Special Judge releases all, including Mr. P. Trivikrama Prasad, from all charges in the Coal Block Cases.
  • - STRIDES: OneSource has allotted equity shares in line with the Share Entitlement Ratio for Strides’ shareholders. OneSource expects listing approval from the Stock Exchanges in Q4 FY 2025.
  • - PC JEWELLERS: Board approved the issuance of 5,17,11,462 equity shares via preferential allotment to Consortium Lenders under the 'Non-Promoter, Public Category' for debt settlement. Share quantity and issue price to be adjusted post-record date (Dec 16, 2024) for share subdivision from ₹10 to ₹1 each.
  • - SHRIRAM FINANCE: Concludes the transfer of Shriram Housing Finance Ltd. to Warburg Pincus for ₹3929 crore, positioning the company for further growth under Warburg Pincus’ ownership.
  • STRATEGIC PARTNERSHIPS & AGREEMENTS
  • - RAMA STEEL: Board approved the subscription of a 24.80% stake in Bigwin Buildsys Coated Pvt. Ltd. for ₹5.65 crore, marking a diversification into green energy solutions, especially solar structures.
  • INFRASTRUCTURE & EXPANSIONS
  • - AMI ORGANICS: Capital expenditure approved for expanding the Jhagadia brownfield project, expected to add 4000 MT/year capacity for electrolyte additives by H1 FY 2025-26.
  • RESTRUCTURING & OPERATIONAL SHIFTS
  • - KOTHARI INDUSTRIAL: Board approves acquisition of 30.70% stake in Phoenix Kothari Footwear Ltd.
  • - HYUNDAI MOTORS: Reduced transfer pricing adjustment in an ITAT appeal for FY 2007-08/AY 2008-09 from ₹86.88 crore to ₹21.83 crore. Company expects no material impact on financials.
  • FUNDRAISING UPDATES
  • - AEROFLEX IND: Board to meet on 14 Dec to consider fundraising options.
  • - SHRADHA INFRA: Active Infrastructures Ltd. re-files its draft Red Herring Prospectus for an IPO of up to 43,00,200 equity shares on the NSE SME e-merge platform.
  • REGULATORY & LEGAL UPDATES
  • - PC JEWELLERS: Issuance of equity shares for debt settlement under the Joint Settlement Agreement, with share subdivision to follow post-record date (Dec 16, 2024).
  • STRATEGIC BUSINESS DEVELOPMENTS
  • - SHRIRAM FINANCE: Concludes transfer of Shriram Housing Finance Ltd. to Warburg Pincus for ₹3929 crore.
  • SECURITY & COMPLIANCE
  • - VEDANTA: Board to meet on 16 Dec 2024 to consider the fourth interim dividend. Record date for dividend (if declared) will be 24 Dec 2024.
  • Stay Updated With
  • BEAT THE STREET
  • ACTION FOR DAY
  • India: CPI (India CPI Inflation Likely to decline to 5.5% Nov vs 6.2% in Oct (was 14-m High)
  • U.S: initial jobless claims
  • Eurozone: ECB rate decision
  • NHPC board to mull fundraising
  • Inventurus Knowledge Solutions IPO opens
  • Stay updated with Beat the Street
  • MACQUARIE ON INDIA CONSUMER & LIFESTYLE
  • Titan remains preferred pick, followed by ITC and Marico
  • Category expansion and continued aggression from Q-com players remain as risk to D-Mart and Nykaa
  • JEFFERIES ON MIDCAP
  • Key raw material prices trends
  • Copper price dipped by 9% over Oct-mid Nov, but stabilizing since
  • Cable and Wire prices were cut 5% in mid November
  • Channel destocking could impact interim volumes
  • Copper stability can aid pick up with H2 capex recovery
  • AWFIS : LARGE TRADE NSE
  • BISQUE LIMITED SOLD 31.8 LKH SHARES ( 4.52 % STAKE ) @ ₹ 709.90/SHARE
  • PEAK XV PARTNERS INVESTMENTS V SOLD 26.75 LKH SHARES ( 3.8 % STAKE) @ ₹ 709.90
  • BUYERS @ 709.9/SHARE
  • SOCIETE GENERALE BUYS 4.19 LKH SHARES ( 0.59 % STAKE ) @ ₹ 709.90
  • WHITEOAK CAPITAL MUTUAL FUND BUYS 5.63 LKH SHARES ( 0.80 % STAKE ( @ ₹ 709.90
  • UTI AMC BUYS 7.59 LKH SHARES (1.08 % STAKE )
  • NIPPON INDIA MUTUAL FUND BUYS 7.74 LKH SHARES ( 1.1 % STAKE )
  • NEW YORK STATE TEACHERS RETIREMENT SYSTEM BUYS 51K SHARES
  • MORGAN STANLEY ASIA SINGAPORE PTE BUYS 2.79 LKH SHARES ( 0.39 % STAKE )
  • INVESCO MUTUAL FUND BUYS 10.84 LKH SHARES ( 1.54 % STAKE )
  • HSHK ASIAN SMALL CAPS BUYS 2.04 LKH SHARES (0.29 % STAKE)
  • GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO BUYS 8.7 LKH SHARES ( 1.23 % STAKE)
  • CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED BUYS 1.4 LK SHARES ( 0.19 % STAKE )
  • AB LIFE INSURANCE BUYS 9.79 LKH SHARES ( 1.39 % STAKE)
  • ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND BUYS 9.15 LKH SHARES (1.3 % STAKE )
  • AXIS MUTUAL FUND BUYS 5.91 LKH SHARES (0.84 % STAKE )
  • CANARA ROBECO MUTUAL FUND BUYS 2.67 LKH SHARES (0.38 % STAKE )
  • INDIA ACORN FUND LTD BUYS 70 K SHARES
  • MEDIOLANUM BEST BRANDS- MEDIOLANUM INDIA OPPORTUNITIES BUYS 63 K SHARES
  • NEW YORK STATE TEACHERS RETIREMENT SYSTEM BUYS 51 K SHARES
  • EMAMI REALTY : LARGE TRADE NSE
  • INVESTOR LAROIA MONA BUYS 2 LKH SHARES ( 0.52 % STAKE ) @ ₹ 157.16/SHARE
  • HSBC ON REAL ESTATE
  • Hold Call On Oberoi Realty, As Interest Rate Cuts & Launches Support Stock Performance
  • Maintain Buy Call On Godrej Properties, DLF & Sobha
  • Expect Strong Pre-sales Base To Impact Sales Momentum In 2025 With Q1 Mega Launches
  • Expect Demand Shift To More Mid-income Levels, Which Has Implications For Sales Value & Margin
  • RAIL STOCKS
  • Lok Sabha passes Railways (Amendment) Bill, 2024, granting statutory powers to the Railway Board.
  • The amendment streamlines Indian Railways' governance by increasing the Railway Board's autonomy, efficiency, and alignment with global standards.
  • RAILWAY MINISTER Says We aim to modernize railways, not privatize. Safety is paramount, with track upgrades and new technology addressing issues
  • Copied from stockaajorkal telegram channel
  • A Special Manufacturing program Launched, to produce 12,000 general coaches aims to meet rising demand, with 900 added this year and 10,000 more planned.
  • US CPI Alert !
  • - Core CPI at 0.308% MoM vs Bloomberg survey estimate at 0.28% MoM
  • - Treasury yields move lower, reassured that a Dec Fed cut is very likely
  • - USD OIS rates were pricing about -21 bps for Dec prior to CPI. Now near -24 bps
  • STEEL EXCHANGE: BOARD MEET ON 18 DEC TO CONSIDER FUND RAISING VIA EQUITY
  • Rupee opens at 84.84/$ vs Wednesday’s close of 84.83/$
  • MTNL : MTNL Fails to Fund ESCROW Account for 8th Semi-Annual Interest on 6.85% Bond Series VI Due to Insufficient Fund
  • BHARTI AIRTEL, VODA IDEA : Reliance Jio hikes prices by 2.7% - NDTV PROFIT
  • The new recharge plan will charge Jio mobility users Rs 2025 for 200 days, compared to Rs 3599 for 365 days earlier.
  • NIFTY TO OPEN 36 PTS LOWER
  • VERANDA LEARNING: Veranda Learning to Raise up to Rs. 250 Crores through Preferential Issue
  • The funds raised will be directed towards acquisitions, deferred consideration payouts, and to grow its existing business.
  • VERANDA LEARNING: CO. ANNOUNCES ACQUISITION
  • The Company's Board approved acquiring BB Publication Private Limited, making it a subsidiary through a cash consideration and share swap, based on its valuation.
  • The Company will acquire equity shares of Navkar Digital Institute via a share swap, making it a subsidiary upon completion.
  • The Company approved acquiring equity shares of Veranda Administrative Learning Solutions by share swap, making it a wholly owned subsidiary upon completion.
  • NUVAMA WEALTH: 30 Lakh Shares (8.4% Equity) Worth 2,100 Cr Change Hands At ₹7,025/Sh
  • NALCO , HINDALCO : The government may look into resolving the inverted duty structure for specific aluminium products in the upcoming budget. - ET
  • MANGALM INDUSTRIAL : Mangalam Industrial Finance Limited Signs MOU with WardWizard Innovations and Mobility Limited to Finance Electric Three-Wheelers
  • NEULAND LAB: 4.9 Lakh Shares (3.8% Equity) Worth ₹780.3 Cr Change Hands At An Average Of ₹15,900/Sh
  • IT STOCKS TRADES HIGHER
  • KOTAK INST ON INDEGENE
  • UPGRADE TO BUY RATING, TARGET 730
  • BIKAJI FOODS Says Increased Prices By 2-3%, See Further 2% Price Increase Due To Raw Material Inflation
  • Will take More Price Hike In Coming Days
  • Price Growth Will Be >4% By The End Of 2024
  • Unforeseen Palm-Oil Inflation Could Impact EBITDA Margins By 100 bps
  • BIKAJI FOODS LOWERED VOLUME GUIDANCE
  • Management Says Will See High Single Digit Volume Growth For The Year, Lower Than Earlier Guidance
  • Festive Season Was Good
  • INDIAN RUPEE AT RECORD LOW , HITS 84.86/$
  • GMR AIRPORT: 10 LKH SHARES EXCHANGED VIA BLOCK DEAL
  • L&T-Cloudfiniti Onboards Its First Major Customer
  • Client rents 6 MW IT Load capacity for 10 years
  • Cloudfiniti's Sriperumbudur Data Centre has a 30 MW capacity, with 12 MW live and 6 MW rented by a leading cloud service provider.
  • The 10-year contract highlights the client's trust in Cloudfiniti's infrastructure and strategic location.
  • BRITTANIA IND Management Says Demand will take a few more quarters to bounce back - CNBCTV18
  • Expect FY26 to be a good year for FMCG
  • Taken price increases in biscuits, rusk, cakes
  • More price increases to follow in Q4
  • 50% of our entire range has micro nutrients
  • Entire FMCG industry is feeling the stress in consumption
  • NLC INDIA LIMITED'S FIRST SUPERCRITICAL POWER PLANT BEGINS COMMERCIAL OPERATION
  • This milestone represents NLCIL's first venture into supercritical power generation technology, a major leap in enhancing the company's energy portfolio.
  • JIO FINANCIAL: High probability of getting included in Nifty 50 index post F&O inclusion - Etnow
  • Flows could be more than $400 million if included
  • Stock down 12% from all-time high
  • The 660 MW addition at Ghatampur marks India's first fossil fuel-based thermal power plant commissioned this financial year. This boosts NLCIL's role in India's energy security, raising its total capacity from 6,071 MW to 6,731 MW.
  • TATA COMM : Tata Communications Readies Kaleyra AI: The Game Changing, AI-Powered Future of Customer Interactions
  • TeamLease Management Says We Have Been Actively Evaluating M&A Opportunities In HR Tech
  • Evaluating Employee Payroll And Expense Related Opportunities
  • The M&A Opportunities In The Pipeline Are Smaller In Size
  • The M&A Opportunities In The Pipeline Are Smaller In Size
  • Average Salary Inflation Seen Across Companies We Work With Is 6-8%
  • IT Salary Hikes Were 2-3%, A Correction From The COVID Base - CNBCTV18
  • SEBI Member Ananth Narayan Says Look To Ease Compliance Burden For FPIs Investment In Govt Bonds
  • Aim To End SEBI-related Compliance For FPIs' Investment In Govt Bonds - INFORMIST
  • DIGIKORE : Digikore Studios Enters $30 Billion Market with AI Music Innovation
  • Co. announce the launch of India’s first AI-powered music generationplatform – www.iMadeASong.com.
  • SULA VINEYARD : Assistant Commissioner of State Tax, Mumbai has initiated a search/inspection on 11th December 2024 at the Registered office of the Company in Mumbai and at Principal place of Business at Nasik.
  • The APOB search in Mumbai concluded on December 11, 2024, with no incidents or document seizures.
  • The Additional Place of Business (APOB) PPOB search in Nasik continues, with the company cooperating fully.
  • On Track To Achieve Growth Of 6.5%-7% Which Was Penciled In Economic Survey In July : CEA
  • MILK RELATED STOCKS , DODLA , PARAG MILK , HERITAGE FOODS
  • AMUL Says The Year So Far Has Been Good, Looking At Double-digit Growth This Year
  • Q3 Has Been The Best Ever Quarter In Our History
  • Q3 Has Been Strong Due To The Festive & Wedding Seasons, Along With An Uptick In Rural Demand
  • Dairy Is Not Contributing To Inflation This Year, Inflation For Consumers Means Income To Producers
  • GODREJ CONSUMER Management Says Had some unusual events in October & November, which are transitory & seasonal - CNBCTV18
  • Margin gets affected when palm oil prices go up
  • Don't think the issues were due to channel inventory
  • Expect to go back to our growth trajectory since the issues are transitory
  • October & November were not as per our plan for soaps and household insecticides
  • Rural is doing better than what it was
  • INTELLECT DESIGN: Incarnation Specialty selects Intellect’s end-to-end underwriting ecosystem, eMACH.ai Xponent, along with InsureMO's middleware capabilities, to manage and underwrite submissions
  • GRAVITA INDIA : Co Likely To Float ₹1,000 Cr QIP Next Week - CNBCTV18
  • TITAN Jewellery CEO Says Target Over ₹500 Cr In Turnover From Zoya In 2025
  • Demand For Luxury Jewellery To Sustain
  • Zoya Is The Market Leader In Luxury Jewellery Segment
  • Luxury Segment Seen At ₹75,000 Cr In A Few Years
  • Aim For Double-Digit SSSG For All Categories - ETNOW
  • Pharma Sales Performance: Nov 2024
  • Top Performers (YoY Growth):
  • Natco Pharma: 90.8% YoY increase; API segment grew 84% YoY.
  • Divi's Labs: Strong performance with 38.2% YoY growth, driven by API & formulation sales.
  • Dr. Reddy's: Notable 15.1% YoY growth, led by Formulations (+11.6% MoM).
  • Laurus Labs: Faced a steep -31.1% YoY dip; Formulations down -63.1% YoY.
  • Aurobindo Pharma: Reported a decline of -8.7% YoY, primarily due to API performance.
  • Month-on-Month Trends:
  • Glenmark Life Sciences: MoM growth 22.3%, API demand on the rise.
  • Suven Pharma: Impressive 152.8% MoM growth in API + Formulations.
  • IPCA Labs: -11.4% QoQ, with API declining -17.7% MoM.
  • Strong Recovery in niche APIs & formulations for export markets.
  • Natco Pharma & Divi's Labs lead growth trends, while Laurus Labs & Aurobindo Pharma face challenges.
  • India's services trade will soon reach 50% of total trade : Commerce Sec
  • SABOO SODIUM : Saboo Sodium Chloro Limited Appoints Deloitte Touche Tohmatsu India LLP for Preferential Issue Management
  • NATCO , DIVIS , DR REDDY REPORTED GROWTH YOY IN NOV MONTH
  • FBI Director Chris Wray to resign
  • Under him, FBI indicted Adani Group and charged them with Bribery/Corruption cases
  • Clears way for Trump Nominee Kash Patel to takeove
  • ADANI STOCKS TRADES HIGHER
  • ADANI GREEN ENERGY STOCK IMPACTED A LOT DUE TO THIS BRIBERY ALLEGATIONS
  • TCS : TCS Signs Five-Year Deal with Telenor Denmark to Deliver IT Infrastructure Services
  • CCI Vs Amazon, Flipkart Case
  • CCI Mentions Plea In SC Seeking To Transfer All Competition Cases Pending Against Amazon, Flipkart
  • CCI Flags Pending Hearing In Karnataka HC On Dec 17, Seeks SC Hearing Before Dec 17 - CNBCTV18
  • TATA POWER: SOURCES Says Tata Power Renewable Energy plans a rupee bond sale - ET
  • The company is a subsidiary of Tata Power
  • Key firm for Tata Group's renewable and clean energy business
  • Planning a sale of up to ₹1,000 crore in non- convertible debentures
  • Discussing options for various tenors, pricing, and terms with rupee debt arrangers
  • The company last issued ₹1,000 crore, 10-year bonds in September
  • NIFTY SLIPS BELOW 24,600 AT DAY'S LOW
  • P&G HEALTH : Sairamana Ponugoti resigns as Sales Head of P&G, effective Dec 31, 2024.
  • Rohini Venkateswaran, a seasoned leader managing Gulf operations, will take over on Jan 1, 2025.
  • GILLETTE INDIA : Sairamana Ponugoti resigns as Sales Head of P&G, effective Dec 31, 2024.
  • Rohini Venkateswaran, a seasoned leader managing Gulf operations, will take over on Jan 1, 2025.
  • GM BREWERIES Q3 RESULT : 7 JAN
  • Cummins India unveils next-generation power solutions at baumaCONEXPO India 2024
  • Unveils advanced portfolio of Aftermarket solutions for gensets and construction sector
  • Showcases Cummins powered CPCBIV+ compliant genset offering robust back-up power
  • Adani Green commissions 250 MW solar plant in Rajasthan, raising its renewable capacity to 11,434 MW.
  • COMMERCE MINISTER SAYS EXPORTS TO CROSS $800 BN THIS YR, $1 TRN IN 2-2.5 YRS - ETNOW
  • CONCORD BIOTEC: M/s. Concord biotech Limited has made investment of USD 1,000,000 in Compulsorily convertible Notes of M/s. Palvella Therapeutics, Inc
  • MARUTI INFRA : The company has received an Expression of Interest for a strategic partnership from MEINHARDT GROUP, Asia’s largest privately-owned global planning, design, engineering, and project management firm, for providing solutions in buildings, industrial and infrastructure projects, and sports and recreation.
  • Grasim Paint Biz BIRLA Opus Management Says Have Done Well In The Festive Season
  • There is some slowdown in the market but we are happy with the way we are doing
  • We Are On Track To Meet The Benchmarks Which We Set For Ourselves In The First Year
  • We're Growing, But The Environment Is Challenging - CNBCTV18
  • BIRLA OPUS Says Will End The Year In High-Single Digit Market Share
  • Contractors, Dealers And Consumers Have Begun To Accept The Product
  • Maintain ₹10,000 Cr Revenue Target For Paints By The End Of 3 Years
  • ONGC : Sources Says ONGC Videsh's Recovery Of $1 Bn In Dividends May Get Expedited Post Trump's Presidency
  • Dividends Of $600 Mn In Venezuela & $350 Mn In Russia Stuck For Around Two Years
  • Trump Can Possibly Bring Change In Stance & Control War Mongering - NDTV PROFIT
  • FERTILIZER STOCKS: Finance Ministry Seeks Parliament Nod For Extra Spending Of ₹6,594 Cr For Fertilizer Subsidy- Bloomberg
  • L&T: The steel cutting ceremony for the second of five Fleet Support Ships (FSS) was held at L&T Shipyard, Kattupalli on 11 Dec 24
  • The FSS will enhance the Navy's 'Blue Water' capabilities by supporting fleet replenishment at sea, improving operational reach and mobility.
  • With a 40,000-ton displacement, these ships will carry fuel, water, ammunition, and stores, and also serve in Humanitarian Aid and Disaster Relief (HADR) operations.
  • JHANDEWALAS FOOD: The company has signed a Franchise Development Program and Representation & Recruitment Services Agreement with Francorp Advisors Private Limited, effective 15 December 2024.
  • Collaboration to expand the franchise network and increase market presence.
  • Francorp Advisors will provide recruitment and representation services to support franchise operations.
  • MINDA CORP: Mr. Neeraj Sharma has resigned as Group Chief Marketing Officer (GCMO) of the Company w.e.f. December 12, 2024 for better growth and career opportunities.
  • ERAAYA LIFESPACE: EbixCash's Data Centre division has received a five-year contract worth over ₹100 crore from ITI Limited, a Central Public Sector Undertaking.
  • This milestone highlights Eraaya Lifespaces Ltd.'s commitment to excellence in technology and data management solutions.
  • SAURASHTRA CEMENT: Co. Informs commencement of production at the Company’s Cement Plant situated at Sidheegram, Dist: Gir Somnath, Gujarat
  • RELIANCE IND: Rosneft will supply 500,000 bpd of crude to India's Reliance in the largest energy deal between the two countries, sources say. - Reuters
  • HDFC BANK: SEBI issued an administrative warning to the Bank over non-compliance with various regulations during its inspection of the Bank's investment banking activities.
  • GLENMARK PHARMA: 0.5 % EQUITY EXCHANGED VIA BLOCK DEAL
  • STEEL STOCKS: Steel Minister Says Consideration of proposal underway for safeguard duty on imported steel
  • IRDAI to bring regulations to limit over-dependence on parent banks in bancassurance - Etnow
  • Insurers will have to tie up with more Banks to reduce dependency on parent bank
  • Regulator to encourage Diversification across multiple channels to ensure balanced growth
  • IRDAI closely monitors the concentration of business in specific distribution channels
  • IRDAI thinks Heavy reliance on a single channel is unsustainable
  • IRDAI may take action if dependance on single channel gradually not reduced
  • As per JPMorgan, within banca, parent banks’ contributions stand around 90%+/65-70% for SBI Life/ HDFC Life respectively (as % of APE)
  • ASTER DM: The investigation into a whistleblower complaint, initiated on July 15, 2024, by Grant Thornton LLP, has concluded.
  • The findings do not impact the Company’s financial statements.
  • ASTER DM: The Company invested USD 4,900,000 in Affinity to help meet payment obligations under the Sale and Purchase Agreement (SPA) with Alpha GCC Holdings Limited, as amended on March 19 and April 1, 2024.
  • GHCL: Ministry of Environment, Forest and Climate Change, Government of India has granted Environment Clearance w.r.t. Soda Ash Greenfield Project of the Company located in Kutch, Gujarat
  • FLAIR: Flair Writing Industries Limited Announces Strategic Partnership with Maped
  • Unveiling a Promising Strategic Partnership - A New Chapter for Growth and Innovation
  • This partnership offers great potential for both companies and stakeholders. Together, we aim to drive innovation, expand market presence, and achieve growth.
  • It will unlock new success avenues for the organization, employees, consumers, customers, and partners. We are committed to keeping stakeholders informed and are excited about the long-term value this collaboration will bring.
  • PRAVEG LIMITED: Company has partnered with Roots Corporation Limited (Ginger – An IHCL Brand) to launch the Praveg Beach Resort at Jalandhar House, Diu, which will begin operations.
  • This collaboration combines Praveg’s eco-luxury focus with Ginger’s operational expertise, enhancing guest experiences and expanding their reach to both leisure and business travelers.
  • AAYUSH WELLNESS: Company Bags Export order worth US $ 3 Million ( ₹ 25 Cr ) from Singapore Company, forays into Global South Markets
  • RVNL: BAGS RS 110 CR ORDER
  • NBCC : NCLT has appointed NBCC (India) Limited as Project Management Consultant for completion of 16 projects of Supertech Ltd.
  • NBCC will Complete 16 projects with 49,748 nos. of houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata.
  • The tentative construction cost of the project is approx Rs. 9,445 crore including 3% contingency.
  • The PMC fees fixed as 8% including 1% marketing fee.
  • Sources Says HPCL May Commission LNG Terminal In Gujarat By The End Of January
  • LNG Cargo To Reach HPCL Gujarat LNG Terminal Around Mid-Jan - NDTV
  • THOMAS COOK ; Sterling Relaunches Reimagined Sterling Corbett with Unforgettable Experiences
  • This relaunch adds to Sterling’s growing portfolio of wildlife and getaway destinations, including Kanha, Pench, Gir, Sariska, Wayanad, Thekkady, Anaikatti and upcoming resorts in Ranthambore, Jawai, with more to come.
  • SAVERA IND: Board approved Takeover of mineral water manufacturing factory from M/s. Shyam Hotels & Restaurants (Partnership Concern) on lease /rental basis.
  • Tech Mahindra: Announces Integration With ServiceNow For GenAl-powered Enterprise Svc Mgmt Solns
  • Government has adopted a multi-pronged strategy to reduce the import dependency on  crude oil
  • Government has also taken several other steps to insulate common citizens from high international prices, which included diversifying the crude import basket, invoking the provisions of Universal Service Obligation to ensure availability of petrol & diesel in domestic market, increasing the blending of ethanol in petrol, etc.
  • During the last ten years, Ethanol Blending Program (EBP) by Public Sector OMCs has resulted in approximate savings of more than Rs. 1,08,655 crore of foreign exchange as on 30.09.2024
  • PVR INOX: Pushpa2TheRule becomes the FASTEST INDIAN FILM to cross 1000 CRORES GROSS WORLDWIDE in 6 days
  • DEALING ROOM CHECK
  • - Market: Consolidates in a narrow range
  • - Flows mixed
  • - Buy/sell ratio at 1:1
  • - IT & cement stocks see buying interest at institutional desk today
  • - Select midcaps see profit booking after recent outperformance
  • - PAYTM: Street expects corporate development soon
  • - SYRMA SGS: Delivery-based buying
  • - Street expects a corporate development soon
  • - CREDO BRANDS: Clean out trade from strategic investor expected soon
  • Infosys: Company Collaborates with RheinEnergie to help Enterprises Drive their Energy Transition and Sustainability Agenda
  • TAYLORMADE RENEWABLE: Taylormade Renewables Limited (TRL) announces transformative plans
  • BOO Model Expansion: Launching its first Build-Own-Operate (BOO) plant in Tarapur with Taylormade Enviro Pvt Ltd (TEPL). TRL plans to acquire a majority stake in TEPL and aims to establish 16 BOO plants across Gujarat, expanding globally.
  • Land Acquisition: TRL is acquiring land in Dahej and Sayakha to scale production and meet demand for its TRL RAIN technologies.
  • PRIME SECURITIES: Prime Securities Limited (Prime) to Acquire 42% Strategic Stake in Ark Neo Financial Services Ltd, a fintech company, which operates “DhanLAP”- a loan against securities platform
  • NBCC has been appointed as the Project Management Consultant (PMC) with no liability, and it will complete the Supertech projects within three years
  • MAC CHARLES
  • Board Meet On 17 Dec To Consider
  • To approve Membership Agreement with WeWork India Management Limited a Related Party Transaction.
  • To avail loan from Banks, Financial Institutions and NBFC’s.
  • To update on Project Zenith.
  • To redeem Non-Convertible Debentures of the Company.
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  • Beat the Street
  • IDBI BANK: Govt Officials Says Due Diligence By Potential Bidders Still On For IDBI Bank
  • Hopeful Of Receiving Financial Bids For IDBI Bank By Fiscal End - CNBCTV18
  • INDIA NOV YOY INFLATION AT 5.48 % V 5.53 EST V 6.2 IN OCT
  • November Food Inflation At 9.04% Vs 10.87% (MoM)
  • November Rural Inflation At 5.95% Vs 6.68% (MoM)
  • November Vegetables Inflation At 29.33% Vs 42.18% (MoM)
  • November Pulses Inflation At 5.41% Vs 7.43% (MoM)
  • November Fuel & Light Inflation At -1.83% Vs -1.61% (MoM)
  • November Housing Inflation At 2.87% Vs 2.82% (MoM)
  • November Clothing & Footwear Inflation At 2.75% Vs 2.70% (MoM)
  • OCT IIP AT 3.5 % V 3.5 % EST V 3.1 % IN OCT
  • October Manufacturing Growth At 4.1% Vs 3.9% (MoM)
  • October Electricity Growth At 2% Vs 0.5% (MoM)
  • October Primary Goods Growth At 2.6% Vs 1.8% (MoM)
  • October Capital Goods Growth At 3.1% Vs 3.6% (MoM)
  • NESCO: National Highways Logistics Management Limited has declared the Company as Highest Bidder and has accepted Co.s proposal for Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway in Khammam -Devarapalle Section on Lease Basis.
  • 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. 
  • The annual lease rent is Rs. 4.29 crores for 4 sites with fixed annual revision basis increase in WPI and CPI
  • Period of Lease: 30 years (with first right of refusal for extending the lease agreement for another 30 years). 
  • Period of Development to be completed within 10 months of Appointed Date.
  • BRIGHT BROTHER: Company Says process of acquisition has now been completed and Sintex Logistics LLC is now a step-down subsidiary of the Bright Brothers Limited.
  • China: China nears 2024 economic growth target but faces challenges from a worsening external environment, state media reports.
  • The government aims to sustain stable growth, employment, and prices by cutting interest rates and reserve requirements.
  • A more proactive fiscal policy and a higher fiscal deficit ratio will also be implemented.
  • India’s FDI Journey Hits $1 Trillion
  • First half of FY 2024-25 sees a 26% increase to $42.1 billion
  • FDI has played a transformative role in India’s development by providing substantial non-debt financial resources, fostering technology transfers, and creating employment opportunities
  • Over the last decade (April 2014 to September 2024), total FDI inflows amounted to $709.84 billion, accounting for 68.69% of the overall FDI inflow in the past 24 years
  • NACL IND: Company to Issue 17,24,137 equity shares at ₹58 each, totaling ₹9.99 crore To Porinju Veliyath's Equity Intelligence India Private Limited
  • Co. to Issue 68,96,550 convertible warrants at ₹58 each, totaling ₹39.99 crore To Promoter Mrs.K.Lakshmi Raju
  • GARG FURNAC: Garg Furnace has launched the production of self-drilling screws under its brand 'TAGIT' with an initial capacity of 100 metric tons per month.
  • Using advanced Taiwanese technology, commercial production has begun, aiming to boost capacity and support import substitution.
  • These screws offer faster installation, lower labor costs, and no need for pre-drilling.
  • Management Says The government's ban on importing screws under ₹129/kg boosts our position to meet domestic demand. Advanced Taiwanese technology will enhance quality, profitability, and market strength, propelling Garg Furnace Ltd
  • CYBER MEDIA: Mr. Ram Capoor, Cyber Media (India) Ltd., and Mr. Pradeep Gupta have signed a Settlement Agreement for $1,000,000 ( ₹8.48 Cr ) on December 12, 2024.
  • DHAMPUR ORGANICS: Mohd Rizwan Khan has been appointed Vice President (Functional Head - Cane) of the Company w.e.f. December 12, 2024.
  • He Has held key leadership roles such as Unit Head, Vice President-Operations, Chief of Cane Operations in various sugar companies overseeing plant operations and productivity enhancements
  • FIEM IND: Mr. Bhupinder Pal Singh - President (Operations) has resigned from the services of the Company and his resignation is approved today i.e. on 12/12/2024 Due To personal reasons.
  • IPO SUBSCRIPTION DATA
  • INVENTURES KNOWLEDGE SOLUTIONS IPO DAY 1 : IPO SUBCRIBED 1.36 TIMES
  • QIB ; 1.54 TIMES
  • NON RETAIL ; 0.79 TIMES
  • RETAIL ; 1.68 TIMES
  • --
  • VISHAL MEGA MART DAY 2 : IPO SUBCRIBED 1.62 TIMES
  • QIB ; 0.50 TIMES
  • NON RETAIL ; 4.05 TIMES
  • RETAIL ; 1.23 TIMES
  • --
  • SAI LIFE IPO DAY 2 : IPO SUBCRIBED 1.26 TIMES
  • QIB ; 3.2 TIMES
  • NON RETAIL ; 0.60 TIMES
  • RETAIL ; 0.42 TIMES
  • --
  • MOBIKWIK IPO DAY 2 : IPO SUBCRIBED 21.5 TIMES
  • QIB ; 0.89 TIMES
  • NON RETAIL ; 31.67 TIMES
  • RETAIL ; 68.12 TIMES
  • METALS: China plans more debt issuance and rate cuts to stabilize growth
  • TT LTD: Howrah Project update
  • Construction nearing completion; warehousing and production of innerwear and garments to start soon. Vaastu Puja conducted today.
  • PAN-India fabric sales expanded from Surat, with a manufacturing base under consideration.
  • Secured significant domestic and export garment orders.
  • Growth driven by Group Director Hardik Jain, a Melbourne University graduate.
  • SWATI PROJECTS: Co. Acquired Majority stake i.e 76% in a Real State Company Namely Radhashree Apartments Private Limited For Rs 80 Lkh
  • OPTIEMUS INFRACOM: Co. to Issue up to 21,85,884 equity shares of Rs. 10 each at Rs. 672.25 per share ( 14.4 % Discount ), totaling up to Rs. 146.95 crore, to non-promoter individuals/entities.
  • Co. to Issue up to 42,76,106 fully convertible warrants at Rs. 672.25 each( 14.5 % Discount), totaling up to Rs. 287.46 crore To "Promoter & Promoter Group" and "Non-Promoter" categories
  • BEAT THE STREET BULLETIN
  • Date: 12-Dec-24
  • NEW ORDERS & CONTRACTS
  • RVNL: Bags ₹110 Cr order for infrastructure development projects.
  • Eraaya Lifespace: Receives ₹100 Cr contract for data center services from ITI Limited, a central public sector undertaking.
  • NBCC: Appointed as Project Management Consultant for completion of 16 Supertech projects with 49,748 houses across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka.
  • L&T: Cuts steel for the second Fleet Support Ship (FSS) at Kattupalli Shipyard, which will enhance Navy's operational mobility.
  • CORPORATE UPDATES & ANNOUNCEMENTS
  • Mangalam Industrial: Signs MoU with WardWizard Innovations to finance electric three-wheelers.
  • L&T Cloudfiniti: Onboards its first major customer, renting 6 MW IT load capacity for 10 years.
  • NLC India: First supercritical power plant begins commercial operation, marking a major leap in energy generation.
  • TCS: Signs a five-year IT infrastructure services deal with Telenor Denmark.
  • FBI Director Chris Wray: Announces resignation, clearing the path for Trump nominee Kash Patel.
  • Aster DM Healthcare: Concludes investigation into a whistleblower complaint with no impact on financial statements.
  • Saurashtra Cement: Commences cement production at Sidheegram Plant, Gujarat.
  • Jio Financial: Expected to be included in the Nifty 50 index post F&O inclusion, potentially attracting over $400 million in flows.
  • STRATEGIC PARTNERSHIPS & AGREEMENTS
  • Flair Writing Industries: Forms a strategic partnership with Maped to unlock new growth and innovation opportunities.
  • Praveg Limited: Partners with Roots Corporation (Ginger – An IHCL Brand) to launch a new eco-luxury resort in Diu.
  • Optiemus Infracom: Plans to issue ₹434.41 Cr worth of equity and convertible warrants.
  • Taylormade Renewables: Announced a major BOO (Build-Own-Operate) plant in Tarapur with Taylormade Enviro Pvt Ltd, aiming to expand renewable energy footprint globally.
  • INFRASTRUCTURE & EXPANSIONS
  • Nesco: Declared the highest bidder for developing, operating, and maintaining wayside amenities on the Hyderabad-Vizag Expressway, with a projected annual revenue of ₹300 Cr from four sites.
  • Adani Green: Commissions a 250 MW solar plant in Rajasthan, increasing renewable capacity to 11,434 MW.
  • L&T: Fleet Support Ship program progresses with steel cutting ceremony for the second ship, enhancing Navy's capabilities.
  • Tata Communications: Prepares to roll out its AI-powered platform Kaleyra AI to revolutionize customer interactions.
  • RESTRUCTURING & OPERATIONAL SHIFTS
  • Minda Corp: Group CMO Neeraj Sharma resigns for career growth opportunities.
  • Garg Furnace: Begins production of self-drilling screws with advanced Taiwanese technology to meet domestic demand and enhance market strength.
  • Savera Industries: Board approves takeover of mineral water factory on lease/rental from Shyam Hotels & Restaurants.
  • TT Ltd: Nears completion of construction for new project in Howrah, expanding domestic and export garment orders.
  • FUNDRAISING UPDATES
  • Steel Exchange: Board to meet on December 18 to consider fund-raising via equity.
  • NACL Industries: Plans to issue ₹49.99 Cr worth of equity shares and ₹39.99 Cr worth of convertible warrants.
  • Aayush Wellness: Bags a $3 million export order from Singapore, expanding into Global South markets.
  • Prime Securities: To acquire a 42% strategic stake in Ark Neo Financial Services Ltd, a fintech company.
  • REGULATORY & LEGAL UPDATES
  • Sula Vineyard: Tax search and inspection conducted at its Mumbai and Nasik locations. No incidents or document seizures at the Mumbai office; inspection at Nasik continues.
  • HDFC Bank: SEBI issues an administrative warning for non-compliance with regulations during investment banking activities inspection.
  • Fertilizer Stocks: Finance Ministry seeks Parliament approval for an additional ₹6,594 Cr to meet fertilizer subsidy requirements.
  • STRATEGIC BUSINESS DEVELOPMENTS
  • Jhandewalas Food: Signs franchise development agreement with Francorp Advisors to expand franchise network.
  • https://t.me/BeatTheStreet10
  • Tech Mahindra: Announces integration with ServiceNow to provide AI-powered enterprise service management solutions.
  • Thomas Cook: Sterling re-launches Sterling Corbett, adding to its growing portfolio of wildlife and getaway destinations.
  • Maruti Infra: Receives Expression of Interest from Meinhardt Group for a strategic partnership to provide infrastructure solutions.
  • SECURITY & COMPLIANCE
  • Cyber Media: Settles legal disputes with a $1 million agreement (₹8.48 Cr).
  • Niva Bupa: Investigates customer data leak claims and initiates an information security assessment.
  • APPOINTMENTS & RESIGNATIONS
  • Appointments
  • DHAMPUR ORGANICS: Mohd Rizwan Khan appointed Vice President (Functional Head - Cane), effective Dec 12, 2024.
  • P&G Health: Rohini Venkateswaran to succeed Sairamana Ponugoti as Sales Head, effective Jan 1, 2025.
  • Gillette India: Rohini Venkateswaran to replace Sairamana Ponugoti as Sales Head, effective Jan 1, 2025.
  • Resignations
  • Minda Corp: Neeraj Sharma resigns as Group Chief Marketing Officer (GCMO), effective Dec 12, 2024, for career growth opportunities.
  • P&G Health: Sairamana Ponugoti resigns as Sales Head, effective Dec 31, 2024.
  • Gillette India: Sairamana Ponugoti resigns as Sales Head, effective Dec 31, 2024.
  • FIEM Industries: Bhupinder Pal Singh resigns as President (Operations), effective Dec 12, 2024, due to personal reasons.
  • Stay Updated With
  • BEAT THE STREET
  • RMC SWITCHGEAR: Board Approve the proposal to migrate the listing/trading of the company’s equity shares from BSE SME Platform to BSE Main Board and National Stock Exchange of India.
  • PENNAR IND : The Company has entered into an agreement with Zetwerk Manufacturing Businesses Pvt Ltd for the manufacture and sale of solar modules and cells, including the development and operation of the manufacturing unit.
  • The business targets both domestic and international markets.
  • The share exchange ratio is 50.10% for Pennar and 45.00% for others. Transaction details are under discussion, subject to approvals.
  • The acquisition is not related-party and is conducted at arm’s length.
  • The expected benefit is a strengthened position in the solar module market.
  • JSW Energy clarifies that its Ratnagiri Thermal Plant has no gas storage facility and was not involved in the recent gas release incident.
  • The company prioritizes safety, following strict protocols and monitoring operations to protect employees, the community, and the environment.
  • United States Core PPI (YoY) for Nov: 3.4% (Actual) vs. 3.2% (Expected)
  • Core PPI (MoM) for Nov: 0.2% (Actual) vs. 0.2% (Expected)
  • PPI ex. Food/Energy/Transport (YoY) for Nov: 3.5% (Actual)
  • Jobless Claims 4-Week Avg: 224.25K (Actual) vs. 218.50K (Previous)
  • United States Continuing Jobless Claims: 1,886K (Actual) vs. 1,880K (Expected)
  • United States Initial Jobless Claims: 242K (Actual) vs. 221K (Expected)
  • US short-term interest rate futures recover from earlier losses following economic data, as traders increase bets on Fed rate cuts in the coming year.
  • JK TYRE : DEG (Deutsche Investitions- und Entwicklungsgesellschaft ) invests in JK Tyre & Industries Ltd.
  • EUR 30 million ( ₹ 267 Cr) loan for Expansion of production capacities in the state of Madhya
  • DEG will provide JK Tyre & Industries Ltd (JKTIL) with a EUR 30 million long-term loan to expand production capacities sustainably at its Madhya Pradesh site. Joachim Schumacher of DEG emphasized their commitment to transformation, UN climate goals, and reducing carbon emissions.
  • DARSHAN ORNA : Board Approved Stock Split Of 1 Share Into 2 Share
  • Also approved Fund Raising Via Rights Issue
  • SODHANI ACADEMY : The company has partnered with BFSI Sector Skill Council of India (BFSI SSC) as an associate training institute to enhance skill development and employment in the BFSI sector.
  • Key activities include career orientation, supporting skill programs, facilitating BFSI SSC certification training, helping with placements, and offering short-term skill enhancement programs like Certificate in Equity Trading and Investment (CETI).
  • The company will also collaborate with colleges for the Apprenticeship Embedded Degree Programme (AEDP) with revenue-sharing arrangements.
  • SURAKSHA DIAGNOSTIC: The company has received the resignation of M. Bhaskar Ghoshal, Chief Operating Officer, effective 12th December 2024
  • Note : Recently Listed Co.
  • Supreme Court, in a December 12, 2024 order, issued a notice to the Managing Directors of Delhi Airport Metro Express Pvt. Ltd. ("DAMEPL") and Axis Bank for potential contempt proceedings related to a violation of the April 10, 2024 judgment.
  • The company is not a party to the proceedings and has no liability or received funds from DMRC/DAMEPL.
  • DAMEPL will take steps to protect its interests, and financial implications are currently unascertainable.
  • ECB President Lagarde: The recovery is progressing more slowly than anticipated.
  • Zomato’s Blinkit launches Bistro, a separate 10-minute food delivery app, to compete with Zepto Cafe - MC
  • Trump, when asked about the possibility of war with Iran: "Anything is possible" - Time interview.
  • AFCOM HOLDING: Co. Says after successful completion of 5 phase certification process, we have obtained the Air Operator Permit (‘AOP’) for the commencement of our Dry Lease Aircraft operation
  • CRISIL : Board approved an investment in the equity capital of Online PSB Loans Limited ( OPL) of an amount of Rs. 33.25 crores, to acquire a 4.08% stake in it, on post-money, fully diluted basis.
  • This is a minority stake investment to participate in the digital credit infrastructure ecosystem given OPL’s proven track record in partnering with leading financial institutions in this space.
  • In addition, there may be opportunities to partner with OPL in areas related to MSME and agriculture sectors.
  • EUROPEAN CENTRAL BANK LAGARDE: CONSIDERING A 50BPS RATE CUT, ACCORDING TO BBG
  • China's central economic work conference: Currently, domestic demand is insufficient, some firms face difficulties in production and operation, and there are pressures on people's employment and income growth - xinhua.
  • Metals : China to boost earnings for lower-income groups
  • China to increase fiscal subsidy for public health insurance
  • China to raise basic pension payouts
  • China Vows Bigger Fiscal Spending to Boost Consumption Next Year - Bloomberg
  • GREENPANEL IND : Manufacturing operations at the MDF plant of the Company's wholly owned subsidiary i.e. M/s. Greenply Speciality Panels Pvt. Ltd., situated at Village Sherpura, Dist. Vadodara, Gujarat is closed w.e.f. December 11, 2024, due to breakdown of machinery.
  • Necessary steps are being taken to resolve the issue which seems to be not a major issue, and the facility is likely to resume production in next few days.
  • ADANI GREEN : Subsidiary Adani Renewable Energy Holding Nine Limited has incorporated 3 wholly-owned subsidiaries, namely, Adani Green Energy Sixty Five Limited (“AGE65L”), Adani Green Energy Sixty Six Limited (“AGE66L”) and Adani Green Energy Sixty Seven Limited (“AGE67L”) on December 12, 2024.
  • The main objective of AGE65L, ARE66L and ARE67L is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy
  • NAZARA TECH : Co. To Invest Additional Rs 15 Cr In Subsidiary Datawrkz Business Solutions Private Limited (“Datawrkz”)
  • The investment in Datawrkz provides growth capital to fuel both organic and inorganic growth, enhancing its capabilities and expanding its footprint in the digital advertising ecosystem.
  • GHCL: GHCL got Environment Clearance for Soda Ash Greenfield Plant
  • The environmental clearance given on December 12, 2024, will help the company start setting up a 1.1 MMTPA Soda Ash plant over six years at a capital outlay of Rs 6,500 crore
  • GHCL is currently the second-largest manufacturer of soda ash in India, and it has a nearly four-decade-long presence.
  • The upcoming Greenfield project will almost double its production capacities.
  • This forthcoming plant in Greenfield will be equipped with ultra-modern technology, with a focus on carbon neutrality by exploring the use of green energy resources.
  • TAMILNAD MERCANTILE : Appointment of Shri.Arvind.K, as Head of Integrated Treasury (Executive Vice President) of the Bank for a period of 3 years, with effect from December 12, 2024.
  • He has been Head of Central
  • Treasury at State Bank of India, Hong Kong, Executive Vice President, SBI DFHI Ltd, Head Treasury at Bandhan Bank and Head-Treasury at Dhanlaxmi Bank
  • ZOMATO : Company received an order dated November 12, 2024, confirming a GST demand of INR 401.7 crore with applicable interest and penalty for the period from October 29, 2019, to March 31, 2022.
  • The Company believes it has a strong case and will file an appeal with the relevant authority.
  • Trump: We are going to accomplish something significant with crypto.
  • Trump, at Nyse: We’re going to achieve something remarkable with crypto and AI; it will require electricity.
  • Gukesh D becomes the youngest FIDE Classical Chess world champion in history. He achieved this feat at the age of 18.
  • Trump has invited Chinese President Xi Jinping and other foreign leaders to his inauguration, according to a Trump spokesperson on Fox.
  • **Trump, at NYSE: We've had discussions with Xi and other world leaders.
  • HAL : Ministry of Defence has signed a 13,500 Cr contract with HAL for the procurement of 12 SU-30MKI aircraft.
  • GODREJ IND : Godrej Industries Limited acquired a 26% equity stake in Clean Max Kaze Private Limited on December 12, 2024. The initial investment is complete, with further investment of up to ₹7.59 crore through a rights issue.
  • NARCL Acquires 22 Accounts With An Exposure Of ₹95,711 Crore
  • A Committee Chaired By The SBI Chairman To Examine & Submit A Revised List Of Accounts
  • Banks Advised To Closely Monitor Cases In NCLT, Minimise Procedural Delays & Not To Seek Adjournments
  • Integrated Portal Being Developed By MCA For Seamless Info Flow To Banks On NCLT Cases
  • 28 Accounts With An Exposure Of ₹1.28 Lakh Crore Resolved By Bks Through Other Resolution Mechanisms, Subsequent To The NARCL Making Offers
  • SILVER FALLS 3 %
  • DFS Secretary Nagaraju holds review meeting on NARCL, NCLT to address key operational challenges-CNBC TV18
  • New panel under SBI Chairman to examine transferring fresh list of NPA accts to NARCL
  • 22 NPA accts with Rs 95,711 cr exposure acquired by NARCL
  • 28 NPA accts with Rs 1.28 Ikh cr exposure resolved by banks after NARCL offers
  • Banks to closely monitor top 20 NCLT cases, minimise procedural delays, not seek adjournments
  • Top 20 NCLT cases to be reviewed at MD level, all proceedings to be attended by officials not below GM rank
  • MCA developing Integrated portal for information flow to banks on NCLT cases
  • ONMOBILE GLOBALLY: New branch of the Company has been incorporated in Sri Lanka effective December 11, 2024.
  • The Company received intimation to this effect on December 12, 2024.
  • ASHOK LEYLAND: CO. WINS RS 345.5 Cr ORDER
  • Company has bagged an order for supplying 1475 BSVI Diesel Fuel Type Passenger Bus Chassis to Tamil Nadu State Transport Corporation For Rs 345.5 Cr
  • Contract To Be Executed By December 2024 - May 2025
  • ZOMATO:Shiprocket, backed by Zomato and Temasek, kicks off around Rs 2,000 -2,400 cr IPO; to be delivered to D-street in 2025 - MC
  • NHPC : Board Approved
  • Revised borrowing plan for FY 2024-25 includes raising up to Rs. 6,900 crore through secured/unsecured, taxable, non-cumulative corporate bonds, and/or term loans/ECB in suitable tranches.
  • Additionally, up to Rs. 2,600 crore will be raised via unsecured, taxable, non-convertible AE-Series bonds through private placement.
  • EVEREST ORGANICS: The Board has approved issuing up to 17,10,526 equity shares at Rs. 152 each ( 36.5 % Discount ) totaling up to Rs. 1.71 crore
  • Board also approved issuing up to 2,63,157 convertible warrants to promoters at Rs. 152 each ( 36.5 % Discount), convertible into an equal number of equity shares,
  • GILLETE INDIA : Mr. Gopalakrishnan Kalianna will step down as Category Leader - Oral Care at P&G on December 31, 2024, due to a new assignment.
  • Mr. Shailesh Sathyanarayanan will assume the role from January 1, 2025.
  • Note ; Currently, he leads the Modern Trade Sales Division for P&G India. Prior to this, he was leading the India Grooming business as the Brand Director for Gillette and Braun. Shailesh is passionate about Go to Market, Brand Strategy and building organization capabilities
  • POWERGRID Wins Two Inter-State Transmission System ( ISTS )Projects
  • Kudankulam Evacuation System: 400kV line between KNPP Units 3 & 4 and Tuticorin-II in Tamil Nadu.
  • Koppal-II & Gadag-II Strengthening: 400kV line in Karnataka and substation capacity upgrades.
  • Both projects will follow the Build, Own Operate and Transfer (BOOT) model.
  • FITCH : Potential trade policy shifts following the 2024 U.S. elections could pose risks in 2025, potentially dampening demand for shipping services.
  • Container shipping faces a likely oversupply in 2025 due to new vessel deliveries, which may continue to drive freight rates down.
  • Endurance Overseas Srl (Italy) to acquire a 60% stake in Stoferle Automotive GmbH and Stoferle GmbH (Germany) For Euro 37.74 million ( ₹ 336 Cr )
  • The deal includes options to acquire the remaining 40% over five years starting June 2026.
  • The target firms produce machined aluminum castings for automotive use.
  • Stoferle Automotive GmbH Turnover
  • CY 2023 ; € 72.1 Mn
  • CY 2022 ; € 67.8 MN
  • CY 2021 ; € 50.4 MN
  • Lemon Tree Hotels : Co. launches its second property in Bhutan with Lemon Tree Resort, Thimphu, Bhutan
  • The property features 60 well-appointed rooms & a villa, a restaurant, a bar, a swimming pool, a spa, a fitness center and other public areas
  • This managed resort is the second property of the group in the city and country.
  • PRICE BAND REVISED TO 10 % FROM 20 % EARLIER
  • AGNI GREEN POWER
  • ZINKA LOGISTICS
  • COMMITTED CARGO CARE SOFTTECH ENGINEERS
  • PRICE BAND REVISED TO 5 % FROM 10 % EARLIER
  • ARVEE LABORATORIES
  • DIGIKORE STUDIOS
  • ICDS
  • KAY CEE ENERGY
  • STOCKS UNDER F&O BAN LIST FOR 13 DEC
  • STILL IN BAN
  • GRANULES
  • HINDCOPPER
  • METROPOLIS
  • PVRINOX
  • RBLBANK
  • NEW ENTRY
  • NATIONALUM
  • EXIT
  • MANAPPURAM FINANCE
  • BEAT THE STREET BULLETIN
  • Date: 12-Dec-24 (Part 2)
  • https://t.me/BeatTheStreet10
  • NEW ORDERS & CONTRACTS 
  • - Ashok Leyland: Wins ₹345.5 Cr order for 1,475 BSVI Diesel Bus Chassis for Tamil Nadu State Transport. 
  • - PowerGrid: Secures two inter-state transmission projects in Tamil Nadu and Karnataka under the BOOT model. 
  • - HAL: Signs ₹13,500 Cr deal with Ministry of Defence for 12 SU-30MKI aircraft.
  • CORPORATE UPDATES & ANNOUNCEMENTS 
  • - RMC Switchgear: Board approves migration from BSE SME to BSE Main Board and NSE. 
  • - JK Tyre: DEG grants ₹267 Cr loan for production expansion in Madhya Pradesh.
  • - Sodhani Academy: Partners with BFSI SSC to offer skill development and certification programs. 
  • - Suraksha Diagnostic: COO M. Bhaskar Ghoshal resigns, effective December 12. 
  • - Everest Organics: Board approves issuing equity shares and convertible warrants to raise funds. 
  • - Gillette India: Mr. Shailesh Sathyanarayanan to replace Gopalakrishnan Kalianna as Category Leader from January 2025.
  • STRATEGIC PARTNERSHIPS & AGREEMENTS 
  • - Pennar Ind: Signs agreement with Zetwerk to manufacture solar modules and cells for domestic and international markets.
  • INFRASTRUCTURE & EXPANSIONS 
  • - Lemon Tree Hotels: Opens second property in Bhutan with a 60-room resort in Thimphu.
  • - Greenpanel Ind: Temporarily closes MDF plant in Gujarat due to machinery breakdown. 
  • - Adani Green: Forms three subsidiaries to expand renewable energy projects.
  • RESTRUCTURING & OPERATIONAL SHIFTS 
  • - Darshan Orna: Approves stock split and rights issue fundraising. 
  • - AFCOM Holding: Obtains Air Operator Permit to begin dry lease aircraft operations.
  • FUNDRAISING UPDATES 
  • - Crisil: Invests ₹33.25 Cr in Online PSB Loans for a 4.08% stake. 
  • - Nazara Tech: To invest ₹15 Cr in Datawrkz to drive growth. 
  • - GHCL: Receives environmental clearance for ₹6,500 Cr soda ash plant expansion.
  • REGULATORY & LEGAL UPDATES 
  • - Zomato: Faces ₹401.7 Cr GST demand for 2019-2022; plans to appeal. 
  • - NARCL: Acquires 22 NPA accounts with ₹95,711 Cr exposure. 
  • - NHPC: Approves ₹6,900 Cr borrowing plan for FY 2024-25.
  • STRATEGIC BUSINESS DEVELOPMENTS 
  • - OnMobile Global: Opens new branch in Sri Lanka. 
  • - Tata Communications: Prepares launch of Kaleyra AI for customer interactions. 
  • - Godrej Industries: Acquires 26% stake in Clean Max Kaze; invests up to ₹7.59 Cr.
  • MARKET INSIGHTS & INDUSTRY NEWS 
  • - Fitch Ratings: Warns of potential trade policy risks and oversupply in shipping services in 2025.
  • Stay Updated with
  • Beat the Street
  • MORGAN STANLEY ON MARKETS
  • Ongoing bull market has overtaken 2003-08 bull run in terms of length
  • But cumulative return is a third of what 2003-08 bull market generated
  • Current run-better gains relative to emerging markets than all previous bull markets
  • Least volatile bull markets
  • Previous bull markers have ended at higher multiples, so there maybe room for this one to go further
  • See significantly more upside to ROE and longer earnings growth
  • Continue to back cyclicals over defensives
  • Prefer Financial, Con. Discretionary, Industrial and Tech over rest
  • JEFFERIES 2025 OUTLOOK
  • Nifty Target at 26000
  • Prefer large caps over smid-caps
  • Expect market returns at 10% over CY25 in line with earnings growth Valuations for Nifty
  • At 20,5x one-year forward PE, are 6% above the past five-year average
  • Rate cuts by the RBI (50bps)
  • Overweight Banks remains our highest- conviction idea as growth gradually picks up
  • Top picks are ICICI, Axis, SBI, Bharti Airtel, JSW Energy, TVS, Coal, Godrej Properties, Sun Pharma
  • GOLDMAN SACHS ON CPI DATA
  • November 2024 CPI: 5.5% YoY vs. GSE: 5.6% YoY, Bloomberg consensus: 5.5% YoY, October 2024: 6.2% YoY
  • Raise our headline inflation forecast for Q4 CY24 by 10bp to 5.7% YoY as the contraction in vegetable prices in December has been lower than our earlier expectations, thus far.
  • As a result, we raise our CY24 and FY25 headline inflation forecasts by 10bp each to 5.0% YoY and 4.9% YoY respectively.
  • CITI ON CPI DATA
  • CPI Data November CPI is likely to encourage markets to increase the odds of a February rate cut, which is also our base case.
  • Remains a close call and we maintain that the RBI will need more supportive inflation and activity data over the next two months to cut rates in February.
  • MORGAN STANLEY ON CPI DATA
  • Trend in high frequency indicators indicate sequential decline in vegetable prices
  • Strength in kharif output and resilient momentum in rabi sowing-should improve food inflation outlook
  • Expect RBI to follow shallow rate easing cycle from Q1FY25, with cumulative rate cut of 50bps
  • UBS on Banks
  • NPL risks increased for CV & biz loans
  • Early delinquency for CVL rose 150bp in Oct24 vs Mar24 (led by mid size prvt bks & NBFCs) while BL too saw an increase of 70bp
  • Moreover, static pool analysis of disbursements in recent qtrs suggests deterioration in portfolio
  • IndusInd BK – Neutral, TP cut to Rs 1150 from Rs 1350, cut EPS by c5%/c6 for FY25/26E
  • Axis BK– Neutral, TP cut to Rs 1210
  • AU Small BK – Neutral, TP cut to Rs 640
  • HDFCB, ICICI & FB are top picks
  • GOLDMAN SACS on Pharma
  • Analyse export data of key CRDMO cos for Nov’24
  • Suggests mixed trends across Neuland (+276% yoy), Piramal (+31%), Blue Jet (+63%), Sai Life (+47% yoy) & Anthem (+277%) vs. Divi’s (+5% yoy), Gland (+3%) &Laurus (-29%)
  • Continue to prefer Syngene, Neuland
  • Jefferies on IOC
  • Upgrade to Buy, TP Rs 185
  • Refining is set to strenthen in CY2025 on accelerated capacity closures amidst healthy demand
  • Co most levered to refining margin improvement owing to its highest refining/marketing ratio
  • Risk reward turned favorable
  • DAM Cap on EPAC Durables
  • Initiate Buy, TP Rs 495
  • India’s RAC market poised to grow at 14% CAGR over FY25-30E
  • Believe Epack well positioned to capture growth with its strong R&D capabilities, deep client relationships, increasing wallet share & new strategic clients like Hisense
  • UBS ON HAL
  • BUY RATING , TARGET 5700
  • Received order for Su-30MKI aircraft with order value of Rs 135bn and 62.6% indigenisation
  • YTD HAL received manufacturing orders of Rs400bn (including Rs260bn of AL-31 FP engines), representing 40% of our FY25 order intake of Rs1tn.
  • Copied from stockaajorkal telegram channel
  • Expect defence orders to bunch up in Q4 HNAL remains our top pick.
  • TEXTILE STOCKS (+ve)
  • Reports-Growing discontentment for MNC's selling Bangladesh sourced garments.
  • If escalates-new supply chain systems maybe needed to circumvent this
  • Advantage to textile player+Closure of textile parks in B'Desh as well
  • Copied from stockaajorkal telegram channel
  • Note-Yarn exports biz is impacted
  • RELIGIOUS TOURISM-THEME IN FOCUS
  • PM to visit and inspect development works for Mahakumbh Mela 2025 today
  • Starts from Jan 13-26
  • Keep an eye on hotel, travel booking, aviation stocks..announcements may start coming in...
  • GIFTNifty down 100 points
  • Nifty day support at 24,400.
  • From product/implementation perpective-Zomato in full throttle
  • Zomato goes into live events+Launches cafe app+keeps exact same price with competitors, before Zepto can actually launch (they announced before)+raised capital despite having big cash
  • Valuation premium justified?
  • Gravita India's Rs 1,000 crore QIP likely next week, funds to be used for expansion https://www.moneycontrol.com/news/business/markets/gravita-india-s-rs-1-000-crore-qip-likely-next-week-funds-to-be-used-for-expansion-12888775.html
  • Market opens lower, Nifty below 24,500 post CPI print, on weak global cues
  • Narratives losing steam
  • Investors becoming smart
  • Fund raise cancellation announcements come
  • Fundamental analysis coming back
  • 2025 will need a lot of homework and groundwork
  • We are growing more than 30% in India, lab grown diamonds will drive growth going forward. Margin for co has increased to 72% from 66%
  • Tehmasp Printer, IGI to CNBC-TV18
  • BAJAJ AUTO: Bajaj Is Number One In 2-wheeler EV Category, Mkt Share At 28%
  • Bajaj Continues To Gain Market Share In 2-wheeler EV Category - CNBCTV18 CITING VAHAN DATA
  • DIXON: DIXON CFO Says Wish To Pursue More Partnerships On Components
  • Mobile Segment Is A Key Growth Opportunity
  • Looking To Manufacture Non-Semiconductor Components - NDTV PROFIT
  • OIL INDIA Management Says Refining business has been doing fairly well; H2 GRMs will be higher owing to higher utilisations - ETNOW
  • Natural gas production is constrained now owing to non-availability of evacuation facility
  • Well placed to achieve the volume growth trajectory
  • MOTILAL OSWAL Analyst Says 2024 has been a strong year, and 2025 is expected to be solid as well- CNBCTV18
  • See interest rates as being accommodative, expect policy changes in Feb MPC
  • Government spending is now picking up, had an impact on consumption
  • With inflation moderating, some amount of pick up expected to happen
  • Q2 was a tough quarter, in that context q3 is expected to be better
  • RELIANCE POWER: Clarification On News Reports “Reliance Power sets up subsidiary for RE business; appoints CEO & COO for new entity”
  • CO. Says On December 9, 2024, Reliance NU Energies appointed Shri Mayank Bansal as CEO and Shri Rakesh Swaroop as COO to lead its renewable energy initiatives.
  • NIVA BUPA Management Says Will Bring Expenses Of Mgmt (EoM) To Regulatory Limit Of 35% By FY26
  • Expect To End FY25 With Combined Ratio Of 98% In FY25
  • Expect To Bring Combined Ratio To 95-96% In Next 3 Years
  • Bupa May Increase Stake In Co Overtime
  • Fettle Tone Could Come To Sell Stake In 2-3 Years
  • Don’t Believe Any Anchor Investor Has Sold Any Stake As Lock-in Opened
  • Reducing GST To 5% Serves The Affordability Objective
  • If GST Is Reduced To 0% Then Ind Won’t Be Able To Take Any Input Tax Credit Hence Increase Cost For Ind
  • Recommend Govt To Not Exempt GST On Health Insurance
  • NIVA BUPA Management Says NivaBupa Looks To Grow At 26-28% In FY25 (8-10% Higher Than Ind) - CNBCTV18
  • Looks To Collect >Rs 7,000 Cr In Gross Prem (FY25) & Rs 10,000 Cr In Next 2 Years
  • To Grow At ~28% In FY25
  • Expects Gross Prem Of >Rs 7,000 Cr (FY25)
  • To Cross Rs 10,000 Cr In GWP By FY26
  • Growth 8-10% Higher Than Ind Till FY26, Growth Faster Than Ind For 3-5 Years
  • Growth To Start Aligning W/Ind After Crossing Rs GWP Of Rs 15,000 Cr
  • OIL INDIA Management Says Refining business has been doing fairly well; H2 GRMs will be higher owing to higher utilisations - ETNOW
  • Natural gas production is constrained now owing to non-availability of evacuation facility
  • Well placed to achieve the volume growth trajectory
  • TCS: TCS Partners With Landis+Gyr to Deliver Next-Generation Energy Efficiency Solutions
  • TCS will deploy its industry-first solution Clever EnergyTM to help the global energy management solutions company deliver innovative energy solutions to its customers and achieve its net zero goals
  • NEULAND LAB: Update On Final Transfer Of Part Of Nanakramguda Property
  • CO. Says transfer of parts of the said property by way of perpetual leases, for a total consideration of Rs. 94.50 crores, for such transfers.
  • Company has transferred final part of the said Property by way of perpetual lease, for a consideration of Rs. 23.45 crores.
  • GOLDIAM: Co. Informs opening of second store for lab-grown diamond jewellery retail in the
  • Navi Mumbai-Kharghar with the brand name “ORIGEM”.
  • ASHOK LEYLAND: Co. announced a price increase of up to 3% on its entire range of Commercial Vehicles, effective January 2025.
  • AVG LOGISTICS: AVG Logistics Limited has secured a major order from a leading Indian cement company.
  • The deal, starting Q3 FY 2025, is expected to boost AVG's revenue by Rs. 90 crore over three years. This marks AVG's entry into the cement sector, aligning with India's construction and infrastructure growth.
  • DR REDDYS: Semaglutide launch in Canada- ETNOW
  • Potential to do anywhere $150-500 m sales in Canada alone for Reddys
  • This should drive upgrades, as per analysts
  • Global Emerging market opportunities is separate
  • PI IND: Kumiai Chemicals Projects Decline In CY 25 Guidance
  • Net Sales -1%, Agri Sales -4%, Operating Income -8%, PAT -20%
  • NOTE ; KUMAI CHEMICALS IS KEY CUSTOMER OF PI IND
  • ULTRAMARINE: The company has acquired 32.12 acres in SIPCOT Industrial Park, Manapparai, Tamil Nadu, for expansion and new projects. A 99-year lease agreement was signed with SIPCOT on 12.12.2024.
  • MAHINDRA: Management Says Expect 20-30% Of SUV Portfolio To Be Electric By 2027
  • Expect 20-30% Of SUV Portfolio To Be Electric By 2027
  • Plan To Apply For India EV Incentives Soon - BLOOMBERG
  • OIL INDIA: Management Says Oil India produces gas from nomination fields and prices are capped at $6.5/bbl
  • New Bill passed in Rajya Sabha is a path breaking reform
  • Bill will lead to ease of doing business for global companies - ETNOW
  • BEML Management Says Believe Q3 & Q4 To Be Much Better In Terms Of Order Inflow Compares To Q1 & Q2
  • Current Orderbook Stands At 16,000 Cr
  • Expect More Orders Worth ₹4,000-5,000 Cr Across Co's 3 Business Segments
  • Expect To End The Year With ₹17,000-18,000 Cr Order Book
  • Bullet Train Development Being Done In India For The First Time
  • Expect To Roll Out First Bullet Train By December 2026
  • Revenue Contribution From Mining To Be At ~55% In FY25
  • Railways & Defence Will Contribute 65% Of Revenue In Coming 3 Years - NDTV PROFIT
  • VODA IDEA: Co Says VIL has highest spectrum per mn subs (excl mmWave) 4 which is expected to drive near term growth; Sufficient spectrum is available to support migration of entire 4G subs to 5G
  • Clear focus to offer unparallel customer services
  • Digital Transformation, Enhanced Customer Experience and Partnerships to Drive Cash Generation
  • 17 priority circles account for ~98% of VIL revenue (~92% of industry revenue)
  • Focused Capex to improve competitiveness in priority circles with improved 4G coverage and Rollout of 5G
  • DMR HYDROENGINEERING: Company has been empaneled by Punjab National Bank (‘PNB’), as a consultant for conducting Lender Independent Engineer (LIE) services for Power Sector (Renewable Energy).
  • The empanelment shall be for 3 years from the date of letter of empanelment.
  • ASK AUTOMOTIVE: The company will participate in the Bharat Mobility Global Expo (BMGE) 2025 from January 18-21 at Yashobhoomi, New Delhi, showcasing advanced braking systems, aluminum lightweighting solutions, and safety control cables.
  • CHATHA FOODS: CO. TO ISSUE SHARES ON 17 DEC OM PREFERENTIAL BASIS
Panchkarma