Market Highlights

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

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November 22, 2024

• Adani Group: क्या सस्ता, क्या महंगा
• 1) Adani Ent
• 7 Yr Median PE: 112x
• Present PE: 47x
• 2) Adani Port
• 7 Yr Median PE: 28.6x
• Present PE: 24x
• 3) Adani Green
• 7 Yr Median PE: 264x
• Present PE: 146x
• 4) Adani Power
• 7 Yr Median PE: 10x
• Present PE: 15x
• 5) Adani Energy
• 7 Yr Median PE: 89x
• Present PE: 57x
• 6) Ambuja Cem
• 7 Yr Median PE: 27x
• Present PE: 42x
• 7) Adani Total
• 7 Yr Median PE: 175x
• Present PE: 95x
• 8) Adani Wilmar
• 7 Yr Median PE: 84x
• Present PE: 36x
• 9) ACC
• 7 Yr Median PE: 21x
• Present PE: 21x
• BEAT THE STREET BULLETIN
• Date: 21-Nov-2024
• NEW VENTURES & EXPANSIONS
• - Bhageria Industries: Incorporated a wholly owned subsidiary, New Ahilyanagar Solar Private Limited, on Nov 20, 2024.
• - Hyundai Motor:
• - To establish 2 renewable energy plants in Tamil Nadu for captive use at the Chennai plant.
• - Unveiled the IONIQ 9 three-row all-electric SUV with a 10-80% fast charge in 24 minutes.
• PROJECTS & CONTRACTS
• - Relicab: Received manufacturer approval for interconnecting control cables for POWERGRID projects (valid until Nov 2025).
• - Marco Cable: Secured ₹10.43 crore orders for L.T. Aerial Bunched Cable supply.
• - Jyoti Ltd: Bagged ₹12.75 crore orders for turbine pumps in Gujarat.
• - Innovators Facade Systems: Received a ₹110 crore order for façade work including stone cladding.
• - Aartech Solonics: Developed an Adaptive Alternate Power Module for armored vehicles and guns, enhancing fuel efficiency and engine life.
• - Tata Power: Signed an MoU to explore financing for energy transition projects worth $4.25 billion, including solar-wind hybrid and battery storage initiatives.
• FUNDRAISING UPDATES
• - Emerald Finance: Board meeting scheduled on Nov 26 to consider raising funds via preferential issue.
• - Protean eGov: NSE to sell its 10.15% stake via Offer for Sale (OFS) at ₹1550/share.
• - Nippon AMC: Purchased commercial office space at One Lodha Place, Lower Parel, for ₹486 crore.
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• MEDICAL SECTOR UPDATES
• - Natco Pharma: Filed an ANDA with Paragraph IV certification for a generic version of EVRYSDI® oral solution, potentially qualifying for shared exclusivity. EVRYSDI® reported $571 million US sales in 2023.
• - Bharat Parenteral:
• - Subsidiary Innoxel Lifescience out-licensed a $500M injectable drug, with $4.5M in milestones and 20% profit sharing post-launch.
• - Innoxel also partnered for a $400M oral liquid NDA project, earning $1.95M in milestones and 45% profit sharing post-launch.
• SHOWROOM OPENINGS
• - D.P. Abhushan: Opened a new showroom in Neemuch, Madhya Pradesh, expanding its footprint in Central India.
• - Popular Vehicles: Step-down subsidiary Prabal Motors inaugurated a new Bharat Benz 3S facility in Maharashtra to cater to commercial vehicle demand.
• RESIGNATIONS & APPOINTMENTS
• - Datamatics: Appointed Ankush Akar as Senior Vice President & Chief Financial Officer.
• -
• - East Blindtech: CFO and Compliance Officer Arpit Sharma resigned, effective Nov 9, 2024.
• NEW PRODUCT LAUNCHES
• - TVS Motor: Launched the TVS iQube 2.2 kWh variant in Nepal, now available in three variants.
• - Hyundai Motor: Unveiled the IONIQ 9, an all-electric SUV with cutting-edge design and innovative EV technology, including 10-80% fast charging in 24 minutes.
• OTHER UPDATES
• - Coal India: Revised policy to allow coal supplies beyond ACQ for non-regulated sectors with incentives for performance above 100%.
• - LIC: Increased stake in LTIMindtree from 5.03% to 7.03%.
• Stay informed with Beat the Street Bulletin!
• Keep Connecting Dots!
• ~Brooklyn Court has indicted Adani
• ~Where is it?
• Ans: New York
• ~All prosecutors in New York are chosen by Soros, who're still trying to Jail Trump.
• ~Adani has pledged investment of $10 Billion in US Infra & Energy Projects, which are currently dominated by Chinese companies.
• ~Soros, Hunter Biden & many Democrats have huge investments in these Chinese Companies.
• ~Soros has already lost big money after his 2nd Failed attack on Adani via Short-seller Hindenburg Research.
• ~US bond investors, have largely supported Adani despite repeated attacks by Hindenburg. This resilience hasn’t sat well with Biden and D€€P $t@te.
• ~D€€P $t@te run CIA had orchestrated regime change in Bangladesh. Adani Group curtailed Power Supply to same Bangladesh to bring it down to knees.
• ~To stop threat called Adani, there is simple way....to indict him in some US Court.
• ~As per American Laws, a company indicted in Court Charges is barred from making investments in US.
• Connect Dots and also think whom does D€€P St@te support in Bharat & Why?
• My take- Gautam Adani is not just a businessman; he is a strategic force driving Bharat's rise in the global order. The current allegations are part of a larger geopolitical game aimed at weakening Bharat's economic and strategic resilience & rising power through control on ports, airports across continents. It's hurting badly not only to China, but also to US & WEST.
• In such times, Defending Adani is defending Bharat's sovereignty, its economic future, and its critical role in global stability.
• American courts has indicted Adani for bribing some Indian State Govts of $250 mln during 2021-22
• The Indian State Govts at that time were:
• Chattishgarh – Congress
• TN – DMK (congress ally)
• AP – YSRCP (anti BJP)
• Odisha – BJD
• These non-BJP ruled state (at that time) were taking bribes and now blaming Modi Govt
• One reason behind above is Adani has cut down power to Bangladesh. Basically, current Biden govt wants Adani to waive-off Bangladesh balance payment of electricity & power bills.
• Remember, last time Hindenburg saga came when Adani was going to raise money through FPO. Now this time Adani was going to raise USD denominated bonds….This is what US don’t want Adani to raise funds…
• The moment Adani announces to waive off Bangladesh dues, the entire saga of this blame-game will die down.
• Something similar happened with Cognizant in past as well..The court case gets settled with money !!!!!
• India Daybook – Stocks in News
• Tata Power: Company partners with Asian Development Bank for $ 4.25 Billion Clean Energy Projects. (Positive)
• AVP Infracon Ltd: Company secured a Rs 33.19 Cr sub-contract from CDR & Co Constructions for an NHAI project in Tamil Nadu. (Positive)
• Innovators Systems: Receipt of LOI for Work Order for Facade Design, Fabrication and Installation, Order Size Rs 110 Crores (Positive)
• Jyoti Limited: Receipt of Purchase Order Total orders amounting to Rs.12.8 cr from Megha Engineering & Infrastructures Limited, Hyderabad. (Positive)
• Crompton Greaves Consumer: Company launched the Regera 6L water heater (Positive)
• Kotyark Industries: Company has been allocated tender for supply of 48,381 kl biodiesel to omcs worth Rs 5.64 billion. (Positive)
• Royal Sense: Company launched 6 new pharmaceutical products on Nov 21, 2024 (Positive)
• Popular Vehicles: Company opened a new Bharat Benz 3S facility in Chhatrapati Sambhaji Nagar, Maharashtra. (Positive)
• Afcons Infrastructure: Company has received Letter of acceptance from Uttarakhand Project Development and Construction Corporation Ltd for Civil Works worth of Rs 1274 crore (Positive)
• SJVN: Company signs MoU with Rajasthan Govt’s Energy Department for development of renewable energy in the state. (Positive)
• Medicamen Organics: Company secures 6.28 cr order for Povidone Iodine Solution. (Positive)
• Raymond: The stock exchanges BSE and NSE have given the green light to the proposed demerger of Raymond Limited and Raymond Realty Limited. (Positive)
• Insurance stocks: GST Council meeting in December likely to discuss rate cut on insurance premiums, ET sources. (Positive)
• Ashok Leyland: Company sets up a light commercial vehicle dealership in West Bengal. (Positive)
• LTI Mindtree: LIC increased its shareholding from 5.033% to 7.034% (Neutral)
• Bank of India: Smt. Jamuna Ravi elected as Bank of India director. (Neutral)
• DP Abhushani: Company opened a new showroom in Neemuch, MP, expanding its presence in Central India. (Neutral)
• Hyundai Motor: Company will invest INR 38 Cr in two renewable energy plants, 75 MW solar, 43 MW wind in Tamil Nadu, aiming for RE100 certification by 2025. (Neutral)
• Jio, Airtel, Vodafone Idea: Companies together lose over 10 million mobile subscribers in September (Neutral)
• HDFC Bank: Plans to issue car loans worth Rs 12,372 crore to mutual funds before the first week of December. (Neutral)
• Indusind: Government gives go-ahead to IndusInd International Holdings for the acquisition of Reliance Capital. (Neutral)
• Wipro: Record date for the purpose of Bonus is 03-Dec-2024. (Neutral)
• Protean eGov Technologies: NSE investments to sell up to 20.31% stake in Protean eGov Technologies via OFS, it includes base issue of 10.16% equity & has a green shoe option of 10.16% equity. (Negative)
• Adani Energy: Kenya cancels the $700 mn deal signed with a unit of the Adani Group to construct power transmission lines. (Negative)
• Navigating the Opening Bell with Sbi Securities: 6 Key Technical and Derivative Insights