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

Market Highlights

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

October 29, 2024

  • INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 28-10-2024 :
  • FIIS F & O : RS. CRS. :
  • TOTAL NET BUY : +44292
  • INDEX FUT. : +2702
  • INDEX OPT. : +37740
  • STOCK FUT. : +3335
  • STOCK OPT. : +515
  • SEC. IN F&O BAN FOR 29.10.2024 :
  • 1. DIXON 2. ESCORTS 3. IDFCFIRSTB 4. INDIAMART 5. LTF 6. MANAPPURAM 7. PNB 8. RBLBANK
  • ADDITION : PNB
  • DELETION : AARTIIND, BANDHANBK, NMDC
  • INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 28-OCT-2024 :
  • FIIS : SELL -3,228 (13,393-16,621)
  • DIIS : BUY +1,401 (12,258-10,857)
  • BSE SENSEX : +603 (80,005)
  • NSE NIFTY : +158 (24,339)
  • BSE MIDCAP. : +313 (45,766)
  • BSE SMLCAP. : +580 (52,335)
  • B. CRUDE : $ 71.50
  • GOLD:$ 2,742=INR 79,690 (10gr)
  • SILVER : RS. 96,000 (kg)
  • FOREX : RS. $ 84.07
  • News Headlines from Business News Agencies:
  • Business Standard
  • CRGO steel shortage could impact India's power sector expansion plans: GTRI
  • PetroChina set to shut top north China's largest domestic refinery in 2025
  • Sun Pharma Q2FY25 results: Net profit rises 28% to Rs 3,040 crore
  • Govt report maintains economic growth forecast but flags global risks
  • PNB Q2 results: PAT jumps to Rs 4,306 cr, total income at Rs 34,447 cr
  • CCPA questions Ola Electric's 99% resolution rate for 10,000 complaints
  • Demand conditions in economy need close watch, says FinMin report
  • Greenhouse gas emissions increases to new record in 2023: WMO report
  • Quick commerce race tightens as Tata set to enter market with Neu Flash
  • India, Saudi to discuss ways to boost cooperation in energy, digital infra
  • Philips cuts annual sales outlook as China demand deteriorates further
  • India remains highly dependent on imports of critical minerals, says report
  • Economic Times
  • NBCC to take up Rs 10,000 crore redevelopment project in Goa
  • Realty firms raise nearly Rs 13,000 cr via QIP during Jan-Sep: Anarock
  • EAM promises support for shrinking gem and jewellery exports
  • Abhishek Lodha pledges $2.5 billion to philanthropy, to transfer 1/5th Macrotech stake
  • Bharti Airtel names Shashwat Sharma MD, CEO
  • Suzlon Vice Chairman Girish Tanti appointed as IWTMA Chairman
  • BHEL Q2 Results: Co swings to black, posts Rs 106 crore PAT vs loss year-ago
  • Air India gets DGCA nod to modify aircraft interiors in-house
  • FMCGs show chic cities of India are losing out to Bharat: Economic Survey
  • Mayoral polls to be held during MCD House meeting next month: Oberoi
  • NCIL developing indigenous dialysis machine in collaboration with NIT Silchar
  • Cyient acquires 27.3% in US based Indian startup Azimuth AI
  • Mint
  • Delta sues CrowdStrike after widespread software software glitch
  • PNB Q2 Results: Net profit jumps 145% to ₹4,303 crore; NII up 6% YoY
  • India’s reforms after pandemic attracting global firms: Deutsche's David Lynne
  • Tata Trusts aims to streamline operations by reducing management layers: Report
  • NTPC Green Energy gets SEBI nod for ₹10,000 crore IPO
  • India's economic growth on track; job creation remains a concern, say economists
  • LIC Housing Finance Q2: Profit rises 11% YoY to ₹1,328 crore
  • Volkswagen layoffs: German carmaker to cut thousands of jobs, shut three plants
  • ONDC jumps on quick commerce bandwagon with new pilot project
  • Census of India to begin in 2025: Lok Sabha seat delimitation by 2028: Report
  • Netherlands’ SHV appoints BNP Paribas to sell SunSource’ assets in $100 mn deal 6.79%
  • GALLANTT ISPAT Q2 :CONS NET PROFIT UP 3 % AT 48.89 CR (YOY),DOWN 60 % (QOQ)
  • REVENUE DOWN 1% AT 942 CR (YOY) ,DOWN 19 % (QOQ)
  • EBITDA UP 13 % AT 97.58 CR (YOY),DOWN 54 %(QOQ)
  • MARGINS AT 10.35 % V 9.07 % (YOY), 18.5 % (QOQ)
  • SHREE RENUKA SUGAR Q2 :CONS NET PROFIT AT 22.3 V 204.9 CR LOSS (YOY), 165 CR LOSS (QOQ)
  • REVENUE FLAT % AT 2566 CR (YOY) ,DOWN 16 % (QOQ)
  • EBITDA UP 254 % AT 227 CR (YOY),UP%(QOQ)
  • MARGINS AT 8.86 % V 2.52 % (YOY), 2.6% (QOQ)
  • INDEGENE Q2 :CONS NET PROFIT UP 22 % AT 91.7 CR (YOY), UP 5 % (QOQ)
  • REVENUE UP 36 % AT 866 CR (YOY) ,UP 28 % (QOQ)
  • EBITDA UP 170 % AT 306.1 CR (YOY),UP 137 %(QOQ)
  • MARGINS 35.3 % V 17.8 % (YOY), 19.05 % (QOQ)
  • OSIA HYPER; Osia Hyper Retail Limited Expands Footprint With New Store Launch In Kanpur Of 30,000 Sq.Ft.
  • This new store offers an extensive range of FMCG and Non-FMCG products, delivering best quality Mat highly reasonable prices.
  • INDIAMART INTERMESH; Co. through its subsidiary Tradezeal, has agreed to invest ₹5 crore by subscribing to 50,000 CCDs in Edgewise Technologies (EasyEcom).
  • STAR HEALTH; Update On Cyber Security issue
  • The Chief Risk Officer (CRO) gave a brief on the cyber incident, including the threat actor's methods, forensic audit findings, and containment measures.
  • He also updated on actions to protect policyholders, communications with stakeholders, and an independent investigation clearing the Chief Information Security Officer (CISO) of involvement.
  • The information security team shared updates on ongoing security assessments, while legal actions were presented.
  • The CRO and CD&TO outlined the action plan for technology and security projects. The Committee advised strengthening security and requested periodic updates
  • SUZLON ENERGY: Co Approves Scheme Which Set-off Of Debit Balance In Retained Earnings Account Of Co
  • HCLTECH: Company launches delivery center in kerala
  • co says the center will provide a range of engineering and r&d services to clients in automobile, semiconductor, medical and industrial sectors
  • Hclfoundation and upneda sign mou to boost green projects in rural areas
  • SKIPPER: co approved raising of funds up to 600 CR rupees through QIP, FPO, OTHER MODES
  • PRESTIGE ESTATES PROJECTS: prestige group acquires 17.45 acres of land in whitefield, bengaluru to develop residential project spanning over 2.68 mn sft
  • Company says cost of acquisition is around 462 cr rupees
  • EMCURE PHARMACEUTICALS: Co Strengthens Its Derma Portfolio With The Launch Of Emcutix Biopharmaceuticals Ltd
  • Co Says As A Part Of This Strategic Initiative EmcureS Existing Dermatology Business Will Also Operate Under Emcutix.
  • Bhageria Industries: Co To Invest In Solar Business Through Power Purchase Agreement
  • Tata Technologies: Air India And Tata Technologies Collaborate To Transform The Air India Aircraft Interiors For Enhancing Travel Experience
  • INDIAMART INTERMESH: Co To Invest 50m Rupees In Edgewise Technologies Via Unit
  • Entity Being Acquired Belongs To Internet Based Software Solution
  • Today's Headlines from :
  • *Economic Times*
  • Centre plans to conduct census next year, no decision on caste yet
  • Swiggy sets IPO price band between Rs 371-390 per share
  • American multinational Citigroup sells HDFC Bank's shares worth Rs 275 crore
  • Finova Capital raises $135 million from Avataar Venture, Madison India and Sofina
  • Federal Bank Q2 Results: Profit rises 11% to Rs 1,057 crore, NII up 15%
  • Aditya Birla Sun Life AMC Q2 profit rises 36 pc to Rs 242 cr
  • RBI fixes Rs 300 cr net worth criteria for entities applying for central counterparty
  • Hindustan Zinc to cut debt by Rs 4,000 cr by March-end, says CFO
  • Steel companies struggle with Rs 89k cr stock on rising imports
  • Cyient acquires 27.3% in US based Indian startup Azimuth AI
  • udaan raises nearly Rs 300 crore debt from funds including Lighthouse Canton, Stride Ventures, InnoVen Capital and Trifecta Capita
  • Early-stage venture capital firm First Cheque to invest in 15-20 startups
  • B2B ecommerce firm ElasticRun narrows losses by 42% in FY24; revenue drops 49%
  • *Business Standard*
  • Sun Pharma Q2 profit up 28% on strong domestic, emerging mkts performance
  • Higher tariffs lift Bharti Airtel's Q2 profit 168%, Arpu tops Rs 230
  • Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone
  • Lodha Group to transfer 18% stake in Macrotech Developers for philanthropy
  • LIC Housing Finance Q2 FY25 results: Net profit up 12% to Rs 1,328 crore
  • Bengaluru startup EMOBI unveils low-speed 2W with multipurpose battery
  • Germany's Rhenus Group eyes cargo operations in inland waterways
  • DIIs pour Rs 4.6 trn in equities during Samvat 2080; highest-ever on record
  • CPCB targets plastic waste breaches, tightens PWM compliance in tenders
  • Boeing to raise up to $19 bn to shore up finances, stave off downgrade
  • *Financial Express*
  • Dr. Reddy’s launches first-in-class drug to treat chronic constipation in India
  • Whatfix eyes profitability in next 7-8 quarters
  • CPSE dividend receipts cross halfway mark of FY25 target
  • Waaree Energies makes stellar debut on D-Street; Lists at 66% premium
  • *Mint*
  • Minister Goyal to deepen partnership with Saudi visit
  • BASF, AM Green announce signing of MoU for opportunities in Iow-carbon chemicals
  • Rural demand rises but urban falls in first half of FY25: Fin Min
  • Air India gets DGCA approval for in-house modifications of aircraft interiors
  • India lures Swiss firms as $100 bn trade deal opens doors
  • Aluminium producers ask for import duty hikes to fight dumping, spur investments
  • Tata Technologies Q2 Results: Net profit declines 2% YoY to ₹157 crore
  • Upcoming IPO: NTPC Green Energy gets SEBI nod for ₹10,000 crore IPO
  • Tata Trusts aims to streamline operations by reducing management layers: Report
  • ONDC jumps on quick commerce bandwagon with new pilot project.
  • Strong-Federal Bank, Paradeep Phospates, Bharti Hexacom, Kalpataru Projects International, Ajanta Pharma, JSW Infra, Skipper
  • Inline-Airtel, Arvind Fashion
  • Mixed-IGL, Quess Corp, Adani Power, Nocil
  • Weak-Tata Tech, MH Seamless, Railtel
  • BROKERAGE RADAR JPMORGAN ON AUTO SALES
  • Festive season retail growth for 2W/PV has rebounded to 8%/flat YoY after 25 days 140 until 27 October compared to 5.5% / -3% YoY in the initial two weeks
  • Normally look at the cumulative volumes of Sep-Nov months to get a holistic sense of festive demand as the auspicious dates keep changing every year
  • OEM stocks have already declined 9-17% 001 over the past one month, due to initial weak festive-related comments from Bajaj/TVS
  • Festive trends have improved over the past week
  • We are in the mid (2W) to late (PVs) cycle of demand recovery
  • Stock preference lies with companies that either have a diversified revenue base and/or are gaining market-share
  • Preferred picks are Bajaj Auto, TVS Motor and M&M
  • BROKERAGE RADAR GOLDMAN SACHS ON SAPPHIRE
  • Maintain Buy; Cut target price to Rs 400 from Rs 420
  • Q2 results: Deterioration in SSSG trend in KFC, no clear sign of pick up
  • Broad based weakness in urban demand
  • KFC SSSG unlikely to recover sharply in the December quarter
  • KFC margin weak because of operating leverage impact, but store addition guidance maintained
  • Pizza Hut gradual recovery continues, revenue revenue in line
  • Delivery continues to drive growth; KFC delivery broadly in line with Zomato GOV;dine in weak
  • BROKERAGE RADAR UBS ON BEL
  • Maintain Neutral with target price of Rs 320
  • Q2FY25 - Healthy P/L profile; + Upside on new orders key to re- rating
  • Gross margin guidance stands Bunchanged at 42% and there is no major change in contractual terms on defense projects
  • Potential upside on new orders limited, positives factored in
  • Our Chit Chat Session
  • 1. Make Money by reading Exchange Filings: https://youtu.be/FNerRIrsbHQ?si=gvMzmCmjZeeItqrQ
  • 2. Secret Hack of SME Investing: https://youtu.be/rM9G98twQws?si=T-fxwmbwCH6_CQlf
  • 3. Power, Transformer & Jewellery: https://youtu.be/Pv0PQU1zcoY?si=K7R6gviVlILg3fmC
  • 4. Rising Gold, Bajaj Housing and One Hidden Stock: https://youtu.be/kboOv8zh91U?si=GMItnUEgHxxulnh2
  • 5. SME IPO: Opportunity or Scam?
  • https://youtu.be/aW7msej7y8Q?si=3-K4lZYRFzGL2yzg
  • BROKERAGE RADAR UBS ON BEL
  • Maintain Neutral with target price of Rs 320
  • Q2FY25 - Healthy P/L profile; + Upside on new orders key to re- rating
  • Gross margin guidance stands Bunchanged at 42% and there is no major change in contractual terms on defense projects
  • Potential upside on new orders limited, positives factored in
  • UBS ON BHARTI AIRTEL
  • Maintain Neutral with target price of Rs 1595
  • Q2FY25: Solid ARPU growth, manageable churn
  • Home broadband, Africa and Enterprise were slightly ahead of estimates, while Digital TV came in slightly below
  • Despite the overall churn in subs, Airtel added 4.2 mn 4G subs, implying the disconnections were mostly amongst low-ARPU subs
  • GOLDMAN SACHS ON AMBUJA
  • Maintain Neutral; Hike target price to Rs 640 from Rs 625
  • Q2 Review: better than expected volumes/realizations
  • Continues to execute on its inorganic strategy
  • Has a healthy pipeline of organic set expansions
  • Believe both growth and profitability improvement are priced in at current levels for Ambuja
  • GOLDMAN SACHS ON SUN PHARMA
  • Maintain Sell; Hike target price to Rs 1600 from Rs 1525
  • Q2 above: Beat continues to be driven by lower R&D spends
  • Higher R&D costs and Deuroxolitinib launch costs will continue to cap margins
  • Valuations not factoring in multiple risks
  • HSBC ON IT SECTOR
  • Analyse past US elections and don't see a significant correlation to tech spending and growth for Indian IT
  • Over the past 20 years, it appears that tech spending is agnostic to which party is in power
  • There's a p a possibility of a slowdown in the signing of mega deals before elections, but it's not conclusive
  • UBS on Federal BK
  • Buy, TP Rs 250
  • Q2: PAT beat driven by lower credit costs; Asset quality stable
  • Healthy loan growth; CASA deposits up 4% QoQ
  • BK maintain previous FY25E guidance
  • Clarity on strategy for improving NIMs could be a near term catalyst
  • Trading at c1.1x FY26E P/BV)
  • CLSA on LIC Hsg
  • Upgrade to O-P, TP cut to Rs 700
  • 2Q NII & PPOP missed est. by 6%-7%, though PAT beat by 7% due to a lower credit cost
  • PPOP weakness on a/c of a reduction in spreads coupled with higher-than-expected operating expenses.
  • Silver lining was asset quality performance
  • DEEPAK NITRITE: CO UNIT FINALIZES 15-YEAR AGREEMENT WITH PETRONET LNG LIMITED FOR PROPYLENE AND HYDROGEN SUPPLY
  • GLOBAL MARKET INSIGHTS
  • Global cues are neutral to positive
  • - Crude oil prices plummet further, down 5%
  • - US markets inched up ahead of heavy weight earnings, but smaller companies performed better
  • - However, indices could not hold day's highest level
  • - Bond yields continued to creep higher as market has started discounting Trump's victory
  • - Dow +273, S&P500 +15, Nasdaq +49, Russell2K +36
  • - Brent oil $71.85
  • - US 10Y bond yield at 4.268%
  • - Dollar Index 104.26
  • - Gold at $2758
  • - Markets waiting for peak Q3 earnings this week
  • - Almost 169 companies of S&P500 to report over the next few days including Alphabet (Wed), Meta and Microsoft (Thu), Apple and Amazon (Fri)
  • - Market is also waiting this week PCE Price Index data on Thursday
  • - Early next week US prez elections will be held (Nov 5.)
  • #BrokerageRadar | Bernstein on REC: Maintain Outperform with target price of ₹653
  • #BrokerageRadar | Bernstein on PB Fintech: Maintain Outperform with target price of Rs 1,720
  • CELLECOR GADGETS ANNOUNCES ITS PARTNERSHIP WITH DIXON TECHNOLOGIES || COLLABORATION AIMS TO EXPAND CELLECOR'S PRODUCT LINEUP BY MANUFACTURING HIGH-QUALITY WASHING MACHINES, FURTHER STRENGTHENING ITS PRESENCE IN THE HOME APPLIANCES SEGMENT
  • RattanIndia Enterprises Launches Kalaanj- Indian Ethnic wear for Women Showcasing a Captivating Collection of Diverse Prints
  • JPMorgan on Auto Sales
  • Festive trends have improved over the past week
  • We are in the mid (2W) to late (PVs) cycle of demand recovery
  • Preferred picks are Bajaj Auto, TVS Motor and M&M
  • 126 SME cos. listed on NSE going under Lot size reduction from 1st November 2024.
  • Which companies are you interested in buying?
  • JIO FINANCIAL; To celebrate this festive season, customers can buy digital gold by investing in SmartGold through the JioFinance app.
  • SmartGold offers customers a completely digital, secure and seamless process for buying gold and redeeming their investments in exchange for cash, or gold coins, or gold jewelry. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs. 10.
  • Customers can also choose flexible options to buy SmartGold in denomination of rupees or grams. They also have the option of directly buying gold coins from the digital platform, and having it delivered to their doorstep.
  • Mahindra Lifespaces says
  • Q2 was impacted by seasonal factors and heavy rains
  • Have a good line up of launches in H2Fy25 which gives strong visibility
  • Inox Wind Says Have Upgraded Margin Guidance From 15% To 17%, Upside Risks Exist
  • Expect More EPC Orders In H2
  • Plain Vanilla Bids At `3/Unit, Hybrid & FDRE Bids Are At Higher Prices
  • Sticking To 1,200 MW Execution For FY26
  • JSW ENERGY; Clarification On News Reports “JSW Energy emerges top bidder for KSK Mahanadi Power”
  • Co. Says Company keeps evaluating and participating in various opportunities across the power sector.
  • Accordingly, the Company had submitted its resolution plan under the corporate insolvency resolution process of KSK Mahanadi Power Company Limited (“KMPCL”). Pursuant to the Challenge Process undertaken by the Resolution Professional (RP), the Company’s financial proposal has been declared as the highest financial proposal received by the RP in the ChallengebProcess.
  • A revised Resolution Plan incorporating the financial proposal is to be submitted by the Company with the RP and the Committee of Creditors (CoC) of KMPCL for voting and approval.
  • Ramco Cements in focus
  • Co to sell 1.4cr shares of Ramco Industries
  • Buyers Rajapalayam Mills Limited (RML) & Ramco Management Private Limited (RMPL)
  • Analysis
  • Sale of Ramco Indsutries will unlock approx. 330cr
  • Net debt for Ramco Cements as of 1QFY25 Rs.4970cr
  • Was also looking at monetization of non-core assets worth Rs.1000cr
  • IDBI BANK: BOTH BIDDERS PREM WASTA, EMIRATES NBD TO GET DATA ROOM ACCESS IN FEW DAYS - NDTV PROFIT
Panchkarma