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October 28, 2024

  • Instl. Investors EQUITY Cash Trades PROV. - 24/10/2024 : Rs. CRS. :
  • FIIS : SELL -5,062 (12,537-17,600)
  • DIIS : BUY +3620 (13,827-10,207)
  • Heavy Sell off in broader markets Index not reflecting true pain 240+ Stocks fall 30 % ATH
  • Fusion Finance (72%)
  • Spandana Sphoort (64%)
  • Waaree Tech (64%)
  • Zee Entertainmen (60%)
  • Paisalo Digital (58%)
  • Onward Technolog (55%)
  • Sigachi Ind (54%)
  • Cochin Shipyard (54%)
  • Kamat Hotels (53%)
  • Waaree Ren (52%)
  • Ola Electric (51%)
  • Credo Brands (51%)
  • Praveg (50%)
  • Vaibhav Global (50%)
  • Cupid (49%)
  • Sai Silks (49%)
  • Focus Lighting (48%)
  • ESAF Small Fin (47%)
  • Garden Reach (47%)
  • Easy Trip (46%)
  • CreditAccess (46%)
  • Rajshree Polypac (46%)
  • RBL Bank (46%)
  • Syrma SGS (46%)
  • Arman Financial (46%)
  • Lotus Chocolate (46%)
  • Yatra Online (46%)
  • Flair Writing (46%)
  • Shankara Build (45%)
  • Phantom Digital (45%)
  • Satin Creditcare (45%)
  • Krishna Defence (45%)
  • H U D C O (45%)
  • C P C L (45%)
  • Man Industries (45%)
  • Tatva Chintan (45%)
  • Ujjivan Small (44%)
  • Bharat Dynamics (44%)
  • Brand Concepts (44%)
  • Trust Fintech (44%)
  • Jana Small Finan (43%)
  • Bharat Wire (43%)
  • Maiden Forgings (43%)
  • Ramky Infra (43%)
  • Adani Total Gas (43%)
  • Permanent Magnet (43%)
  • Exicom Tele-Sys (43%)
  • Steel Exchange (43%)
  • Sreeleathers (43%)
  • IRM Energy (43%)
  • Gensol Eng (42%)
  • IFGL Refra (42%)
  • RACL Geartech (42%)
  • Sula Vineyards (42%)
  • MTAR Technologie (42%)
  • Utkarsh SFB (41%)
  • Vindhya Telelink (41%)
  • J & K Bank (41%)
  • Swan Energy (41%)
  • I R F C (41%)
  • Tanla Platforms (41%)
  • Paras Defence (41%)
  • Thomas Scott (41%)
  • Equitas SFB (41%)
  • NMDC Steel (41%)
  • Yes Bank (41%)
  • I O B (41%)
  • Titagarh Rail (41%)
  • Aimtron (41%)
  • Popular Vehicles (40%)
  • Force Motors (40%)
  • Capital Small (40%)
  • Kross Ltd (40%)
  • G S F C (40%)
  • Trident (40%)
  • UCO Bank (39%)
  • HLE Glascoat (39%)
  • Manoj Vaibhav (39%)
  • S Chand & Compan (39%)
  • Jupiter Wagons (39%)
  • Mirza Internatio (39%)
  • IIFL Finance (39%)
  • Supreme Power (38%)
  • Sangam India (38%)
  • NRB Bearings (38%)
  • Indian Renewable (38%)
  • Oriana Power Ltd (38%)
  • Suryoday Small (38%)
  • Apollo Pipes (38%)
  • Manappuram (38%)
  • SG Mart (38%)
  • Spencer's Retail (38%)
  • IndusInd Bank (38%)
  • Tracxn Technolo (38%)
  • DDev Plastiks (38%)
  • Union Bank (38%)
  • Sportking India (38%)
  • Tunwal E-Motors (38%)
  • Hariom Pipe (37%)
  • Hindustan Zinc (37%)
  • SJVN (37%)
  • Ganesh Benz (37%)
  • Kuantum Papers (37%)
  • Gandhar (37%)
  • Century Enka (37%)
  • Sheela Foam (37%)
  • Bondada Engineer (37%)
  • Aarti Industries (36%)
  • Rajratan Global (36%)
  • 5Paisa Capital (36%)
  • S A I L (36%)
  • Orient Paper (36%)
  • Jindal Drilling (36%)
  • Ashiana Housing (36%)
  • Krystal Integ (36%)
  • Confidence Petro (36%)
  • EIH (36%)
  • HOEC (36%)
  • Macrotech Dev (36%)
  • Prince Pipes (36%)
  • Mold-Tek Technol (36%)
  • Intellect Design (36%)
  • KDDL Ltd (36%)
  • Macpower CNC (36%)
  • TCC Concept (35%)
  • VRL Logistics (35%)
  • Ksolves India (35%)
  • Rail Vikas (35%)
  • Sandur Manganese (35%)
  • JBM Auto (35%)
  • Zenith (35%)
  • Prakash Industri (35%)
  • AGS Transact (35%)
  • Duroply Ind (35%)
  • Shivalik Rasayan (35%)
  • Sammaan Capital (35%)
  • Texmaco Rail (35%)
  • Bandhan Bank (35%)
  • Orient Bell (35%)
  • Central Bank (35%)
  • Raymond (35%)
  • Som Distilleries (35%)
  • VST Industries (35%)
  • Mangalam Organic (35%)
  • Tinna Rubber (35%)
  • Supreme Ind (35%)
  • Bank of Maha (34%)
  • Ahluwalia Contr (34%)
  • BMW Industries (34%)
  • Adani Power (34%)
  • Filatex India (34%)
  • RattanIndia Ent (34%)
  • Northern ARC (34%)
  • Equinox India (34%)
  • Landmark Cars (34%)
  • Birlasoft Ltd (34%)
  • Hindustan Copper (34%)
  • DMCC Speciality (34%)
  • Parag Milk Foods (34%)
  • HFCL (34%)
  • Poonawalla Fin (34%)
  • NGL Fine Chem (33%)
  • PNB (33%)
  • Puravankara (33%)
  • M M Forgings (33%)
  • Fedbank Fina (33%)
  • Concord Biotech (33%)
  • Saksoft (33%)
  • Sterling & Wils (33%)
  • Carysil (33%)
  • SpiceJet (33%)
  • Universal Cables (33%)
  • Dolat Algotech (33%)
  • Moneyboxx Fin (33%)
  • Goa Carbon (33%)
  • Optiemus Infra (33%)
  • Geekay Wires (33%)
  • KRBL (33%)
  • Shriram Properti (33%)
  • KPI Green Energy (32%)
  • JTL Industries (32%)
  • Sonata Software (32%)
  • Redington (32%)
  • H.G. Infra Eng (32%)
  • Sirca Paints (32%)
  • RHI Magnesita (32%)
  • Punjab Chemicals (32%)
  • Rushil Decor (32%)
  • Kokuyo Camlin (32%)
  • IZMO (32%)
  • Jyoti CNC Auto (32%)
  • Kaveri Seed (32%)
  • Thomas Cook (32%)
  • West Coast Paper (32%)
  • V I P Inds (32%)
  • Sharda Motor (32%)
  • D-Link India (32%)
  • Satia Industries (32%)
  • Coastal Corporat (32%)
  • GHCL Textiles (32%)
  • Eldeco Housing (32%)
  • SIS (32%)
  • Uniparts India (32%)
  • Atul Auto (32%)
  • Timken India (31%)
  • Chemplast Sanmar (31%)
  • Bajaj Housing (31%)
  • Transpek Ind (31%)
  • Ideaforge Tech (31%)
  • Omaxe (31%)
  • HPL Electric (31%)
  • Global Health (31%)
  • SKF India (31%)
  • Tarsons Products (31%)
  • Amara Raja (31%)
  • Om Infra (31%)
  • Piccadily Agro (31%)
  • Apcotex Industri (31%)
  • Selan Exp (31%)
  • Goodluck India (31%)
  • Faze Three (31%)
  • Ambika Cotton (31%)
  • IKIO Lighting (31%)
  • NDR Auto (31%)
  • Ador Welding (31%)
  • Datamatics (31%)
  • KMC Speciality (31%)
  • Avanti Feeds (31%)
  • Mazagon Dock (31%)
  • IOL Chemicals (31%)
  • Adani Energy Sol (31%)
  • AVG Logistics (31%)
  • TajGVK Hotels (31%)
  • Shoppers Stop (30%)
  • Pondy Oxides (30%)
  • Pakka (30%)
  • Swelect Energy (30%)
  • Delta Corp (30%)
  • Cyient DLM (30%)
  • Rupa & Co (30%)
  • Graphite India (30%)
  • Prataap Snacks (30%)
  • Rain Industries (30%)
  • KPIT Tech (30%)
  • Priya Limited ; BM to consider a proposal for a One-time Settlement (OTS) with banks on 28th Oct-24
  • Ashapura Minechem has been found guilty by the Special CBI Court in Iron Ore Exports Matter. Imposed 9 crore fine
  • Aurum PropTech Limited reported a 33% YoY revenue growth in H1 FY 2025, reaching INR 128.9 crores. The company's total income also grew 30% YoY to INR 136.7 crores. Notably, the loss before tax improved by 2600 bps YoY, reaching INR 25.8 crores (18.9% of total income). The EBITDA improved by 2050 bps YoY, reaching 19.5%. Aurum PropTech is committed to profitable growth and unit economics across its three verticals: Rental, Distribution, and Capital. The company plans to launch its first asset under the SM-REIT framework in the next 2-3 quarters. Aurum PropTech is on track to achieve profitability by FY 2026-27. The company also plans to pursue one or two acquisitions that are highly complem
  • Rainbow Children COO resigned due to health issues
  • Nomura on Torrent Pharma
  • Neutral, TP raised to Rs 3621
  • 2Q in-line
  • A defensive stock with strong earnings visibility; higher val can sustain in near term
  • EBITDA margin expanded 149bp y-y & in-line
  • Management retained its guidance of EBITDA margin expansion of 50-100bp each yr
  • HSBC on Torrent Pharma
  • Buy, TP Rs 4035
  • Positive gross margin surprise despite c4% rev miss on scheduled shutdown of insulin plant
  • EBITDA margin outlook remains robust
  • Consistent market share gains (incl. inorganic) in India a potential catalyst
  • JEFFERIES ON TORRENT PHARMA
  • Buy, TP raised to Rs 3850
  • 2Q revenue and Ebitda grew 9% & 14% YoY
  • India sales grew 13% YoY which drove gross margins to a multi year high
  • Qtr impacted by inslulin plant shutdown, adjusted for which rev & Ebitda grew 10% & 16%
  • NOMURA ON ICICI BANK
  • • Maintain Buy; target price raised to Rs 1575 vs Rs 1420
  • • Flawless quarter; a cut above the rest
  • • Strong loan and deposits growth; robust asset quality performance
  • • We see premium valuations sustaining
  • • Expect ICICIBC to deliver sector- leading 2.3% RoA and 18% RoE over FY25-27F
  • NOMURA ON MGL
  • Downgrade to reduce, TP Rs 1250
  • 2Q below estimates; near term outlook weak & change in policy a concern
  • 2Q missed estimates on lower margins, while vol growth sustains at a strong clip
  • Management remains optimistic on healthy vol growth of 10% in FY25
  • JEFFERIES ON MGL
  • Buy, TP Cut to Rs 1740
  • Ebitda inline with JEFe with vols 3% ahead & Ebitda margins slightly below ests
  • Expect strong vol growth to continue on accelerated RO additions & upgrade FY25/26E vol assumptions by 4%-7%.
  • Realloc of APM gas wld lead to higher volatility
  • GS ON INTERGLOBE AVIATION
  • Buy, TP cut to Rs 4800
  • Q2 EPS of Rs(25.7) & PBT(ex-FX) of Rs(17.3) below GSe
  • While ASK/RPK largely in-line, yields were 2.5% above GSe (up 2.5% yoy, vs GSe at flat yoy), driving a revenue beat, CASK were higher than GSe, driven by higher fuel & lease exp
  • MOSL ON INTERGLOBE AVIATION
  • Neutral, TP Rs 4130
  • Net loss led by seasonality but guidance remains intact
  • Currently, over 60 aircraft are grounded due to P&W engine issues, & management believes this number would be in mid-40s in FY26
  • Trading at 10x FY26E EV/EBITDAR
  • KOTAK INST EQT ON INTERGLOBE AVIATION
  • Buy, TP Rs 5200
  • Sharp miss in PBT driven by transient issues—groundings & related compensation, as well as unexpected fuel inflation
  • Another overhang was heightened seasonality
  • Overall demand trends remain healthy
  • Lower FY2027 est. by 10%
  • MOSL ON ICICI BK
  • Buy, TP Rs 1500
  • All-round performance; solidifies its leadership position
  • Asset quality improves slightly; cost control impressive
  • Business growth robust; NIMs moderate 9bp QoQ
  • Increase EPS est. by 2.8%/1.8% for FY25/FY26 & est. RoA/RoE of 2.19%/17.4% in FY26.
  • CLSA ON ICICI BK
  • O-P, TP Rs 1600
  • Delivered yet another steady qtr
  • B/S growth remained in mid-teens, while NIM moderated 5-10bps sequentially
  • PPOP grew faster than NII, driven by operating leverage GNPL ratio stable & credit costs benign at 40bps
  • UBS ON HPCL
  • Maintain Buy with target price of Rs 445
  • All-round focus on investments to support growth and profitability over time
  • Strong integrated margins offset by under-recoveries and inventory losses
  • Improving physical performance with key projects reaching/ near completion
  • JEFFERIES ON BK OF BARODA
  • Buy, TP Rs 310
  • Profit of Rs52bn, up 23% YoY & higher than est.
  • While loan growth improved to 12% YoY, NII growth lagged at 7% due to fall in NIMs & are disappointed with 18% fall in fees
  • Deposit growth is slow at 9%
  • Credit quality held-up well
  • Nomura On Bk Of Baroda
  • Buy, TP Rs 290
  • Healthy RoA delivery; steady asset quality
  • Favourable risk-reward
  • Steady asset quality; strong loan growth delivery. Softer core fees the only blip
  • Expect to deliver RoA of 1.1% & ROE of 15-16% over FY25F-27F
  • HSBC ON BK OF BARODA
  • Hold, TP Rs 270
  • 2Q : High non-core income offset pressure from NIM, fee income, & ad hoc provisions; asset quality stable
  • Over FY25-27e, expect stable operating profitability, but credit cost normalisation will likely impact ROA
  • EPS growth outlook muted
  • CITI on HPCL
  • Buy, TP Rs 420
  • Subdued 2Q with EBITDA at Rs22bn which, whilst up 38% qoq, was below Rs37bn est.
  • Miss was on a/c of a multitude of factors, all of which may reverse course in 2H –
  • Debt also saw unexpected jump in 2Q, which too had an element of 1-offs as per mgmt.
  • Nomura on HPCL
  • Buy, TP Rs 435
  • 2Q impacted by LPG under-recoveries & lower refining margins
  • Vizag bottom upgradation and Rajasthan refinery to be commissioned by end-FY25
  • Cut FY25F EBITDA by 25% to reflect HPCL’s 1H performance & factoring higher LPG under recoveries
  • CLSA on CreditAccess
  • Downgrade to Hold, TP cut to Rs 910 from Rs1800
  • 2Q net profit halved YoY/QoQ, dragged down by an elevated 6.5% (annualised) credit cost
  • Management trimmed its loan growth guidance to 8%-12% & raised its credit cost guidance to 4.5-5% for FY25CL
  • Nomura on CreditAccess
  • Reduce, TP Rs 850
  • Q2 PAT of Rs 1.9bn, down 46%/ 53% y-y/ q-q (35% below est.), leading to RoA/RoE of 2.6%/10.7% (vs 5.5%/ 24.7% in 2Q24)
  • Credit cost at 7% in 2Q (vs 2.8% in 1Q)higher than 5% est.
  • Guidance revised sharply across metrics
  • News Headlines from Business News Agencies:*
  • *Business Standard*
  • LIC eyes entry into bond forward rate agreement market by end of FY25
  • SBI Life will be least affected by new surrender value norms: MD & CEO
  • Proper infra, workforce key challenges for logistics industry: Experts
  • Sebi issues notice to Axis Bank about stake buy in Max Life Insurance
  • SBI, Exim Bank helping Africa's businesses by filling trade financing gap
  • DLF expects Rs 26,000 cr from super luxury project in Gurugram, says MD
  • Godawari Power and Ispat Q2 results: Net profit falls 38% to Rs 159 cr
  • Sebi to auction 7 properties worth Rs 15.47 cr of Bishal Group on Dec 10
  • ESIC enrols 2.07 mn new members in Aug, net additions rise by 6.8%
  • Isro to launch electric propelled satellite in Dec: Chairman Somanath
  • FAR securities receive 60,000 crore inflows since JP Morgan inclusion
  • Govt to give boost to panchayat infrastructure, border areas in focus
  • Fairfax not to cut CSB Bank stake in five years: MD & CEO Pralay Mondal
  • Moody's raises Vedanta Resources rating driven by efforts to access funding
  • *Economic Times*
  • India's oil demand may revive amid festivals and elections, shows S&P Global Commodity Insights
  • Inflation trajectory expected to moderate from Q4: RBI guv
  • Yes Bank beats forecast with Rs 553-cr Q2 profit
  • Deutsche Bahn sources loco pilots from India for its global projects
  • DLF says on track to meet FY25 guidance despite a drop in Q2 bookings
  • Credit growth for banks to moderate to 12 percent in FY25: Icra
  • Honda to replace faulty fuel pumps in 90,468 old units of select models in India
  • IRDAI tightens fraud rules post hacking incidents
  • Solex Energy, SBI partner to provide finance for solar projects
  • Qualcomm says device ecosystem pretty good to support services in 600-Mhz spectrum band
  • Oil ministry seeks to reform itself to address future energy challenges
  • SIDBI boosts indigenous brass and bell metal industry in Assam
  • Abhay HealthTech acquires MNP Healthcare to expand footprint in OTC segment
  • *Mint*
  • India's real GDP to grow at 7.2% in FY25 on investment, consumption boost: FM
  • ICICI Bank Q2 results: Net profit rises 14.47% to ₹11,745.88 crore
  • Retail investors' mutual fund assets spiked nearly 50% in past one year
  • India Inc caught between reinvesting and giving dividends to investors
  • Online transactions likely to be affected by TRAI new guidelines from November 1
  • Oil gains 4% over Middle East conflict ahead of US elections; Brent at $76
  • IDFC First Bank Q2 Results: Net profit drops 73% to ₹200 crore, NII up 21% YoY
  • Qatar's Nebras deal with Aditya Birla Group's green arm on hold
  • CBDT extends ITR filing deadline for corporates to November 15
  • Healthify raises $20 million to fuel US expansion
  • IPO-bound Swiggy sets valuation target at $11.3 bn; Issue to open post Nov 6
  • India ramps up defence aircraft production with Airbus factory launch in Gujarat
  • GS on IDFC First BK
  • Sell, TP Rs 64
  • 2Q PAT miss of 71% vs est. driven by sharp uptick in credit costs to c3.2% (+130bps QoQ & +120bps vs GSe) as co created contingent provisions of Rs3.15bn towards stress in MFI book & Rs2.53bn towards accelerated provisioning of legacy toll a/c
  • GS on IDFC First BK
  • Sell, TP Rs 64
  • Asset Quality saw a sharp deterioration
  • Core PPOP for the bank grew by 28% yoy/stable qoq (-7% vs GSe) as NII and non-interest income were lower which was partially offset by lower opex in 2Q
  • MOSL on IDFC First Bk
  • Neutral, TP Rs 73
  • PPoP inline; elevated provisioning drags earnings
  • Credit cost guidance raised to 2.2-2.25%
  • Deposits growth robust; margin moderates 4bp QoQ
  • Cut earnings by 18%/5% for FY25E/26E & est. FY26E RoA/RoE of 1.0%/11.0%
  • Nomura on BEL
  • Buy, TP Rs 363
  • 2Q: EBITDA margin at 30.3% (vs esti: 24.4%)
  • 2Q better than expected, mainly driven by +ve surprise on gross margin, which was up by 449bp y-y
  • Notably, BEL’s gross margin has remained strong in past 5 qtrs. averaging 49%
  • GS ON SHRIRAM FIN
  • Buy, TP Rs 3557
  • An in-line quarter across different line items
  • with stable asset quality & expansion of ROAs by 3bps QoQ, which is reassuring in a tough macro environment
  • Reported in-line credit costs with a healthy outlook & guidance to improve GS3 in 2H
  • HSBC ON SHRIRAM FIN
  • Buy, TP raised to Rs 3725
  • 2QFY25 performance reinforced view that SHFL is in its most convincing operating period since 2010
  • Delivery on all parameters was strong, guidance was re-iterated and there were no misses in asset quality or growth
  • GS on Shriram Fin
  • OW. TP Rs 4200
  • Stable stressed asset creation amid increases across lenders, strengthening provision coverage, robust capital, healthy yet undemanding loan growth expectations, strong ROE with attractive headline & relative val all support as preferred pick
  • KOTAK INST EQT on BKT
  • Sell. TP Rs 2375
  • 2Q adjusted EBITDA of Rs6.2 bn, 15% above est, driven by a higher-than-expected vol & lower other expenses
  • Near-term demand outlook for off-highway segment remains muted in EU & US regions
  • Valuations remain expensive
  • NUVAMA ON IDFC FIRST BANK
  • • Maintain Hold, Cut target price to Rs 60 vs Rs 72
  • • Management raised the full-year credit cost guidance to 2.25% from 1.85%
  • • PAT slid 77% YoY/74% QoQ due to a spike in credit cost to 3.15% from 1.9% QoQ
  • • MFI asset quality deteriorated
  • SMA in other segments-including PL and CC-is tracking better than industry
  • • Strong loan-deposit growth, lower opex and higher trading gains
  • CITI ON HPCL
  • (CMP: 372)
  • MAINTAIN BUY
  • TARGET: 420
  • Reported A Subdued Q2 With EBITDA Was Below Estimates
  • Miss In Q2 Was On Account Of A Multitude Of Factors
  • All The Factors Leading To Miss In Q2 May Reverse Course In H2
  • Large Inventory Losses In Both Refining & Marketing Should Not Recur
  • Weak Core GRMS Already Showing Signs Of Bottoming Out
  • Lower-than-expected Marketing Margin & Volumes & Sustained LPG Under Recoveries
  • Debt Also Saw An Unexpected Jump In Q2, Which Too Had An Element Of One-offs As Per Mgmt
  • MOSL ON IDFC FIRST BANK
  • (CMP: 65.50)
  • MAINTAIN NEUTRAL
  • TARGET: 73
  • Q2 PpOP In-line; Elevated Provisioning Drags Earnings
  • Credit Cost Guidance Raised To 2.2-2.25%
  • Deposits Growth Robust; Margin Moderates 4 bps QoQ
  • Cut Earnings By 18%/5% For FY25/26 & Estimate FY26 RoA/RoE Of 1.0%/11.0%
  • TODAY'S IMPORTANT Q2 RESULT
  • CAMS SERVICES
  • GILLETTE INDIA
  • LMW
  • FIRSTSOUR SOLUTION
  • SUMITOMO CHEMICAL.
  • SUN PHARMA
  • T N MERC BANK
  • IOCL
  • BHEL
  • AMBUJA CEMENTS
  • LIC HOUSING FIN.
  • BHARTI AIRTEL
  • FEDERAL BANK
  • MAH. SEAMLESS
  • FEDERAL BANK
  • AJANTA PHARMA
  • SAPPHIRE FOODS
  • ADITYA AMC
  • QUESS CORP
  • ADANI POWER
  • POLY MEDICURE
  • STOCKS IN BAN FOR F&O TRADE TODAY
  • Aarti Industries
  • Bandhan Bank
  • Birlasoft
  • Chambal Fertilizers & Chemicals
  • Gnfc
  • Granules India
  • Hindustan Copper
  • IDFC First Bank
  • Indian Energy Exchange
  • IndiaMART InterMESH
  • L&T Finance Holdings
  • Manappuram Finance
  • Piramal Enterprises
  • Punjab National Bank
  • RBL Bank
  • Steel Authority of India
  • RBJ GOVERNOR SAYS
  • • Economy is doing well, with positives outweighing the negatives
  • • The expectation of Rabi crop is very good
  • Festive season demand paints a mixed picture
  • • For festive season, there is a narrative of sales figures & certain areas slowing down
  • MAFIA TRENDS : BOARD MEET ON 30 OCT FOR RAISING OF FUNDS VIA VARIOUS ISSUE
  • GreenEdge Wealth says Problems For IDFC First Could Spread From MFI To Personal & Biz Loans As Well
  • Secured Lenders That Don't Have MFI Baggage, For Example Muthoot Fin Can Do Well
  • Karnataka & DCB Bks That Don't Have Unsecured Lending Issues Could Rpt Good Numbe-CNBCTV18
  • CG POWER: Company launch of process performance motors today i.e. Process performance CI AXELERA™ 3.0 and AXELERA™ 4.0 motors up to 7.5 Kw.
  • INTERGLOBE AVIATION DOWN 10% OVER POOR Q2 NUMBERS
  • Biggest fall since February 2022
  • Back around June 2024 levels
  • Consensus Target Price at Rs 4800 - 22% upside from CMP
  • 12M Forward EV/EBITDA at 10x Vs 10.5 historical average
  • IndiGo is India's largest and only airline which has been consistently growing
  • Max Estates Limited reported strong operating results and successfully executed capital raise and growth initiatives for scaling the business multi-fold
  • Company received NCLAT approval for ‘Delhi One’ project in Sector 16 B, Noida
  • The Company ups FY 25 guidance for residential booking value and total development opportunity.
  • Estate 360, CO.s first residential launch in Gurugram, recorded a pre-sales booking value of INR 4,100 crore with 85% of the project sold within 30 days of its launch.
  • This is one of the biggest successful launches that Delhi NCR has seen.
  • Co says We have also secured enhanced FAR for the fourth tower at Estate 128 (Noida) development, which has a GDV potential of ~INR 800 crores and we will be launching this in Q3 FY 25 post all approvals
  • With the success of Estate 360 and the expected launch of the fourth tower of Estate 128, we are revising FY 25 guidance for booking value to INR 4,800-5,200 crores vs. earlier guidance of INR 4,000
  • crores.
  • Earnings Potential Of Borrowers Impacted Due To Delayed Harvest, Festivals Moving Into Q3 This Yr
  • Tenure Of Vehicle Loans Are Increasing Due To BS VI products
  • Disbursement In H2 Will Pick Up But AUM Growth Will Slowdown
  • AUM Growth Of 25-30% In FY25 Is What We Maintain : CHOLAMANDALAM INVESTMENT
  • VERANDA LEARNING: Company announced its association with M.O.P. Vaishnav College for Women (Autonomous), a premier educational institution in Chennai.
  • Both will jointly offer a Diploma in Governance and Policy Studies, providing students of M.O.P. Vaishnav College (Autonomous) with the knowledge and skills necessary to navigate the complex landscape of public policy and governance.
  • IDFC First Bank Mngmt Says:
  • In The MFI Segment There Is 'Real' Stress
  • MFI Stress Should Peak Out By Q4
  • Have Provided At 30 Days Past Due For MFI Exposure
  • Next Quarter Provision For MFI Will Not Be High
  • Credit Cost In Q3 Will Be Lower Due To Provisions Already Made
  • Unsecured Retail Is 15% Of The Book
  • SMA Is Stable For All Segments Except MFI
  • The government is preparing incentives for green steel manufacturing. Plans include soft loans, interest subventions, and a new definition of green steel. Discussions with the finance ministry are ongoing. Public procurement will prioritise green steel. This move responds to new global challenges like the EU's Carbon Border Adjustment Mechanism, affecting Indian steel exports. -ET
  • Bandhan Bank: In Q3, We Are Seeing 50-70 bps Improvement In Standard Pool
  • Our Credit Cost Guidance Remains Unchanged
  • In Q3, We Are Seeing 50-70 bps Improvement In Standard Pool-CNBCTV18
  • New Listing- Deepak Builders & Engineers
  • • Lists at Rs 200 on NSE vs issue price of Rs 203
  • • Lists at a discount of 1.48% on NSE
  • • Lists at Rs 198.5 on BSE vs issue price of Rs 203
  • • Lists at a discount of 2.22% on BSE
  • • Lists at a premium of 66.3% on NSE
  • • Lists at Rs 2,550 on BSE vs issue price of Rs 1,50
  • • Lists at a premium of 69.7% on BSE
  • KAUSHALYA LOGISTICS: KLL Secures FTL Contract with Uttarakhand Seeds & Tarai Development Corporation, Expands into Agricultural Logistics
  • ARIHANT SUPERSTRUCTURES CMD SAYS
  • In Realty Sector, it takes 2-4 years from 'Drawing Board' to 'Revenue' based on the size of the project.
  • Thus one needs to plan for the next 6-7 years as well stay ahead of the curve. At Arihant, our focus on Business Development has yielded commendable results.
  • Our second horizontal development acquisition of 53 acres at Chowk, Mumbai Pune Highway, will yield a GDV of Rs.
  • 850 Crs. With this we would have 130 acres under low-rise development within 25 minutes distance from Navi Mumbai International Airport.
  • BEW ENG: Company inform allotment of 98,04,993 fully paid-up bonus equity shares with a face value of ₹10 each in a 3:1 ratio, enhancing the paid-up share capital to 1,30,73,324 shares
  • MS on IndiGo
  • Maintain Overweight; Hike TP to Rs 5306 from Rs 5245
  • Estimate RASK-CASK spread to rise from Rs 0.43 in FY25 to Rs0.52 in FY27
  • AoG costs to recede and international and business class mix to improve
  • International side is seeing rising competition but demand is strong
  • IndiGo trades at 8.4x EV EBITDA, closer to its pre-Covid median
  • Industry consolidation, superior operating performance and strong balance sheet relative to peers will support 10% premium valuations over pre-Covid median
  • Any weakness in the stock is an opportunity to add as
Panchkarma