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

January 18, 2024

  • *Som Distilleries Breweries & Wineries Ltd.* | *CMP* Rs. 299 | *M Cap* Rs. 2314 Cr | *52 W H/L* 390/112
  • (Nirmal Bang Retail Research)
  • *Result has improved*
  • Revenue from Operations came at Rs. 266.3 Cr (7.5% QoQ, 79.3% YoY) vs QoQ Rs. 247.7 Cr, YoY Rs. 148.5 Cr
  • EBIDTA came at Rs. 31.8 Cr (17% QoQ, 87.5% YoY) vs QoQ Rs. 27.2 Cr, YoY Rs. 17 Cr
  • EBITDA Margin came at 12% vs QoQ 11%, YoY 11.4%
  • Adj. PAT came at Rs. 18 Cr vs QoQ Rs. 14.9 Cr, YoY Rs. 10.5 Cr
  • Quarter EPS is Rs. 2.3
  • Stock is trading at P/E of 28.1x TTM EPS
  • *Mkt. Updates :*
  • *GIFT Nifty -145 pts (21443) from last trade 21587 ,*
  • Nikkei -36 pts ,
  • Hangseng +24 pts ,
  • Now @6.53am .
  • Dow -94.45 pts ,Nsdq -88.72 pts, S&P
  • -26.77 pts ,, Bovespa -770 pts , Ftse -112 pts , Dax -139 pts , Cac -79 pts , Crude @ $72.75 brl (+0.19), Brent @ $78.11 brl (-0.18) , Gold @ 2009.50 (+3.00), Silver $22.71 (+0.04), Euro @ $1.0882, JPY @ $148.12, INR @ 83.195
  • *US GOVT. 10-YR YIELD : 4.09%*
  • *Today's Corporate Action, 18 Jan Ex Date :*
  • CHAMBLFERT
  • Buy Back of Shares  
  • SAPPL
  • Right Issue of Equity Shares
  • *Today's Key Results/Board Meetings, 18-Jan-24 :*
  • 360ONE
  • Interim Dividend;Quarterly Results
  • ACCELYA
  • Interim Dividend;Quarterly Results
  • AURUM
  • General;Quarterly Results 
  • DBOL
  • Quarterly Results  
  • DRAGARWQ
  • Quarterly Results  
  • DRCSYSTEMS
  • Bonus issue;General;Quarterly Results
  • FERVENTSYN
  • Quarterly Results  
  • FINPIPE
  • Quarterly Results  
  • GGAUTO
  • General;Quarterly Results 
  • GGENGQuarterly Results  
  • HOMEFIRST
  • General;Quarterly Results 
  • INDIAMART
  • Audited Results;Quarterly Results
  • INDUSINDBK
  • Quarterly Results  
  • INNOVACAP
  • General;Quarterly Results 
  • JSL
  • Quarterly Results  
  • KSOLVES
  • Interim Dividend;Quarterly Results
  • LYNMC
  • Quarterly Results  
  • MAGNUM
  • General   
  • MARKOBENZ
  • Quarterly Results  
  • MASTEK
  • Interim Dividend;Quarterly Results
  • METROBRAND
  • Interim Dividend;General;Quarterly Results
  • MKEXIM
  • General   
  • MODIS
  • Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares
  • NATHBIOGEN
  • General;Quarterly Results 
  • NETLINK
  • Quarterly Results  
  • POLYCAB
  • Quarterly Results  
  • POONAWALLA
  • Interim Dividend;General;Quarterly Results
  • QUASAR
  • Quarterly Results 
  • RAJNISH
  • General;Quarterly Results 
  • RATHIST
  • General;Preferential Issue of shares;Rights Issue
  • RKFORGE
  • General;Quarterly Results 
  • SHOPERSTOP
  • General;Quarterly Results 
  • SHRINIWAS
  • Quarterly Results  
  • SOUTHBAN
  • Quarterly Results  
  • SPENTA
  • General;Quarterly Results 
  • SPLPETR
  • Quarterly Results  
  • STL
  • Quarterly Results  
  • SURAJLT
  • DInterim Dividend;Quarterly Results
  • SURANASOL
  • Quarterly Results  
  • SWSOLAR
  • General;Quarterly Results 
  • TATACOMM
  • Quarterly Results  
  • TIERRA
  • Quarterly Results  
  • VBDESAI
  • Quarterly Results 
  • VELHO
  • Quarterly Results  
  • YOGI
  • General;Quarterly Results 
  • *SEC. IN F&O BAN FOR, 18-JAN-24 :*
  • *1. ABFRL 2. ASHOKLEY 3. BANDHANBNK 4. CHAMBLFERT 5. DELTACORP 6. HINDCOPPER 7. IEX 8. METROPOLIS 9. NATIONALUM 10. POLYCAB 11. PVRINOX 12. SAIL 13. ZEEL*
  • *ADDITION : IEX, SAIL*
  • *DELETION : BIOCON, INDIACEM, INDUSTOWER, PEL*
  • *WHAT HAPPENED OVERNIGHT*
  • -> SPX -0.56%, Nasdaq -0.59%
  • -> UST 2y yield +14 bps to 4.36%
  • -> Dollar Index @ 103.37
  • -> US retail sales surprised to the upside in December
  • -> Oil -0.3% to $78.03/bbl
  • PS: HDFC Bank ADR -9%
  • #StockMarketNews #Nifty #HDFCBANK #BankNiftyOptions
  • *Global Market Update*
  • *Dow Future:* 37261, -103.0 points/ -0.28%
  • *Nasdaq Future:* 16571, -259.0 points/ -1.53%
  • *DAX Future (Germany):* 16473, -182.0 points/ -1.09%
  • *CAC Future (France):* 7310, -114.0 points/ -1.54%
  • *FTSE Future (UK):* 7402, -151.0 points/ -2.00%
  • *Gift Nifty:* 21447, -132.0 points/ -0.61%
  • View in browser
  • Bloomberg
  • Good morning. Dimon says China’s risk-reward equation has shifted dramatically. Wall Street's top bankers caution about rate-cut bets. Luxury stocks face more gloom. Here’s what’s moving markets. — Isabelle Lee
  • China risk-reward
  • The “risk-reward” equation in China has “changed dramatically,” said JPMorgan CEO Jamie Dimon, even as the nation has been “very consistent” in opening up to financial-services companies. This came as Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in decades, even as another batch of troubling economic data tested the patience of investors.
  • Caution ahead
  • Top Wall Street bankers are saying they expect central banks to cut interest rates more slowly than the market is anticipating. Their caution echoes that of central bankers in recent days, prompting traders to wind back aggressive bets for lower rates this year. “It doesn’t make sense,” State Street Chairman and CEO Ron O’Hanley said. “The Fed was very clear in their dot plot.”
  • Elusive rebound
  • Luxury stocks from Burberry to Hugo Boss face more gloom ahead after falling short of already reined-in expectations. Concerns about demand for luxury goods were amplified by lackluster economic growth figures from China, whose shoppers account for about a quarter of the estimated $394 billion global market.
  • Samsung AI
  • Samsung is turning to artificial intelligence features to revamp its flagship Galaxy smartphones, betting the technology can give it an advantage over Apple’s iPhone. It’s one of the most ambitious attempts to weave AI into a smartphone’s interface and features. The firm is also targeting double-digit growth for its latest flagship smartphone series.
  • Coming up…
  • US stocks dropped as bond yields climbed on speculation the Fed will be in no rush to cut interest rates. The Bloomberg Dollar Spot Index hit the highest level in five weeks, and a solid reading on US retail sales fueled concern about Wall Street’s bold bet on rate cuts.
  • Among the economic reports in focus on Thursday are Japan’s machine orders and industrial production, US initial jobless claims, and the ECB’s account of its December policy meeting.
  • What we’ve been reading
  • Here’s what caught our eye over the past 24 hours:
  • Suddenly, it’s exciting to be a trader in Japan again
  • Blackstone CEO Schwarzman said he’s still deciding which Republican to back for the presidential election
  • 2023 was the most challenging year since the internet bubble, Charles Schwab CEO Bettinger says
  • Argentina President Milei considers one person “the boss”: his sister
  • Iran’s missile strike on a militant group in Pakistan sparks a diplomatic crisis
  • JPMorgan notes an increase in hackers attempting to infiltrate its system
  • Tokyo-US flight turns around after a passenger bites a flight attendant
  • And finally, here’s what Garfield is interested in today
  • Volatility measures are climbing again as investors unwind some of their expectations for interest-rate cuts from major central banks. The “fear gauge” for equities, the VIX Index, climbed back up to November levels. The equivalent for Treasuries — ICE’s MOVE Index — rose to remain above the 100 line where it has spent most of this Federal Reserve rate-hike cycle.
  • That might seem to be just the expected state of affairs for a time when the central bank is driving up yields, but in fact that’s not the case. The last two times the MOVE index held above 100 for sustained periods came when the Fed was cutting rates, while the previous three hiking cycles either saw traders’ expectations for yield swings stabilize or decline.
  • That underscores the dangers of treating this cycle as though it will conform to historical norms. It clearly hasn’t so far — the four straight hikes of 75 basis points each in 2022 outpaced anything seen since the early 1980s. It remains to be seen whether the easing cycle to come will also break from history and involve a gradual series of measured reductions, instead of the sort of rapid cuts delivered in 2001 and 2008 amid economic slumps.
  • Garfield Reynolds is Chief Rates Correspondent for Bloomberg News in Asia, based in Sydney.
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  • *Very Good Morning!!!*
  • *US Markets in Detail...Along with Asian Markets opening Preview*
  • *GIFTNifty: 21,470 (-108) (-0.5%)*
  • *Cricket*
  • *Ind 212/4 bt Afg 212/6…in super over Ind 11/2 & Afg 1/2 … India Win T20 series 3-0*
  • *Today’s Major Corporate Results*
  • 360ONE, ACCELYA, DhampurBio, AurumProp, FinolexPipe, GGAuto, HomeFirst, IndiaMart, IndusIndBk, InnovaCap, JSL, MASTEK, MetroBrand, NathBio, Polycab, Poonawalla, RKForge, ShoppersStop, SouthBank, SurajLrd, SWSOLR, TATACOM, Tierra, etc.
  • *Listing of Equity Shares of New Swan Multitech Limited*
  • 1,90,16,240 Equity Shares Of Rs.10/- each fully paid up…@ 66/-….Mkt lot 2000
  • Last heard 53, IPO px: 66, Est Listing 119 (+80%), IPO size: 33 cr
  • *Listing of Equity Shares of Australian Premium Solar (India) LImited (NSE SME IPO)*
  • Last heard 55, IPO px: 54, Est Listing 109 (+102%), IPO size: 28 cr
  • *Listing of Securities Indian Hotels Co. Ltd*
  • 3031885 equity shares of Rs. 1/- each issued at a premium of Rs.399.06 to Promoter and Non Promoter on a preferential basis
  • *Listing of new securities of AXISCADES TECHNOLOGIES LIMITED*
  • 3323262 Equity shares of Rs.5/ each allotted to QIBs pursuant to Qualified Institutional Placement….@ 662/-
  • *Listing of Securities of Share India Securities Ltd.*
  • 1197435 equity shares of Rs. 10/- each issued at a premium of Rs. 690/- on rights basis pursuant to conversion of warrants.
  • IPO’s
  • *Medi Assist Healthcare (15/1-17/1*
  • Last heard 27, IPO px: 418, Est Listing 445 (+6.5%), IPO size: 1178.6 cr
  • *EPack Durable (19/1-23/1)*
  • Last heard 15, IPO px: 230, Est Listing 245 (+7%), IPO size: 640 cr
  • *Maxposure SME IPO GMP*
  • Last heard 60, IPO px: 33, Est Listing 445 (+182%), IPO size: 20 cr
  • *Provisional Cash Rs. In Crs. (17th Jan)*
  • FIIs -10,578 (17,318 - 27,896)
  • DIIs +4,006 (15,189 - 11,182)  
  • Sensex: 71,501 (-1,628) (-2.23%)
  • Nifty: 21,572 (-460) (-2.09%)
  • BankNifty: 46,064 (-2,061) (-4.28%) 
  • NiftyIT: 36,960: +233: +0.64% 
  • MIDCAP: 47,152 (-516) (-1.08%)
  • Dow: 37,267 (-94) (-0.25%)
  • S&P: 4,739 (-27) (0.56%)
  • Nas: 14,856 (-89) (-0.59%)
  • Brazil: 128,524 (-770) (-0.6%)
  • Ftse: 7,446 (-112) (-1.48%) 
  • Dax: 16,432 (-140) (-0.84%)
  • Cac: 7,319 (-79) (-1.07%)
  • MOEX: 3,185: +6: +0.18%
  • WTI Oil: $71.92 (-1.05%) 
  • Brnt: $77.8 (-0.45%)
  • Natural Gas: 2.83 (-14.61%) 
  • Gold: $2009 (-22) (-1.06%) 
  • Gold 22 Carat/g: 5,858 (-35) (-0.59%)
  • Silver: $22.72 (-1.64%)
  • Copper: $374 (-2) (-0.58%)
  • Cotton: $81.7: +0.45%
  • Copper (LME): $8,355 (-27) (-0.32%) 
  • Alluminum (LME): $2,214: +10: +0.43%
  • Zinc (LME): $2,547: +12: +0.45%
  • Tin (LME): $25,175: +394: +1.59%
  • Eur-$: 1.0882: +0.06%
  • GBP-$: 1.2679: +0.33%
  • Jpy-$: 148.2: +0.69%
  • Re: 83.1362: +0.07%
  • USD-RUB:  88.3789: +0.08%   
  • US10yr: 4.10%: +5 bps
  • GIND10YR: 7.163: +0.24%
  • $ Index: 103.504: +0.14%
  • Vix: 14.79: +6.86%
  • India Vix: 15.08: +11.11%
  • BalticDry: 1,324 (-36) (-2.65%)
  •   
  • *ADR/GDR* 
  • Cogni (-0.66%)
  • Infy: +0.36%
  • Wit (-1.04%)
  • IciciBk (-2.07%)
  • HdfcBk (-9.14%)
  • DrRdy (-2.26%)
  • TatSt (-4.62%)
  • Axis (-3.71%)
  • SBI (-1.69%) 
  • RIGD (-1.06%) 
  • INDA (-1.15%) (IShares MSCI INDIA ETF)  
  • INDY (-1.57%) (IShares MSCI INDIA 50 ETF) 
  • EPI (-1.46%) (Wisdom Tree India Earning)  
  • *A look at the day ahead in Asian markets.*
  • - Asian markets face another challenging session on Thursday, influenced by China-related weaknesses and a surge in global bond yields.
  • - Key events on the economic calendar include Japanese machinery orders, New Zealand manufacturing PMI, Australian unemployment, and Chinese foreign direct investment (FDI).
  • - China's FDI figures are particularly crucial following a mixed economic data release, with real GDP growth at 5.2%, but nominal growth, excluding deflation, at a low of 4.2%.
  • - The impact of low nominal GDP extends to debt ratios, property markets, and earnings, contributing to the weakness in Chinese equities and property markets.
  • - On Wednesday, China's CSI 300 index experienced a significant 2% drop, marking its largest fall since August. The MSCI Asia Pacific ex-Japan index had its worst day in six months.
  • - Long-term optimism is challenged by China's declining birth rate, reaching a record low in 2023, signaling a headwind for potential growth.
  • - Globally, markets are defensive due to rising bond yields, driven by strong economic activity and inflation concerns, leading to the worst start for emerging market stocks since 2016.
  • - The Nikkei, despite recent bullish trends, faced a second consecutive day of declines on Wednesday amid profit-taking concerns.
  • *Here are key developments that could provide more direction to markets on Thursday:*
  • - Japan machinery orders (November)
  • - Australia unemployment (December)
  • - China FDI (December)
  • *US Futures*
  • - U.S. stock futures showed little change Wednesday night following a third consecutive losing day for the Dow Jones Industrial Average.
  • - Dow futures declined by 15 points (0.04%), while S&P 500 futures and Nasdaq 100 futures dipped 0.07% and 0.11%, respectively.
  • - Discover shares fell by 7% despite reporting fourth-quarter revenue of $4.20 billion, exceeding estimates of $4.10 billion.
  • - Thursday's economic agenda includes weekly jobless claims, housing starts, and building permits data. Atlanta Fed President Raphael Bostic is also scheduled to speak.
  • *US Markets*
  • - U.S. stock futures remained largely unchanged Wednesday night after the Dow Jones Industrial Average experienced a third consecutive losing day.
  • - Dow futures declined by 15 points (0.04%), while S&P 500 futures and Nasdaq 100 futures dipped 0.07% and 0.11%, respectively.
  • - Upbeat December U.S. retail sales data fueled speculation that the Federal Reserve may delay its expected rate-cut campaign, causing losses in risk assets and a rise in bond yields.
  • - Retail sales in December exceeded expectations, rising 0.6% from November and 0.4% month-over-month (excluding autos).
  • - Economic activity, according to the Federal Reserve's Beige Book report, has been stagnant, with concerns about inflation, pricing power, and a cooling labor market.
  • - Traders reduced the probability of a Fed rate cut in March to around 55%, down from approximately 60% before the retail sales data release.
  • - The S&P 500 extended its 2024 losses, with the interest rate-sensitive real estate sector falling by 1.9%.
  • - Oil prices were mixed due to disappointing economic growth in China, but OPEC's forecast of robust oil demand growth in 2025 provided some support.
  • - European markets closed lower, with the focus on the World Economic Forum in Davos and U.K. inflation unexpectedly rising to 4% year-on-year in December.
  • - The Bank of England will hold its next monetary policy meeting on Feb. 1 after hiking interest rates rapidly over the past two years in a bid to tame runaway inflation.
  • - Of note on Wednesday are special addresses by Secretary-General of the United Nations António Guterres, Argentinian President Javier Milei, Spanish Prime Minister Pedro Sánchez and French President Emmanuel Macron.
  • - Asia-Pacific markets extended their declines overnight, with Hong Kong leading losses after China’s fourth-quarter gross domestic product growth missed estimates.
  • *Corporate Highlights:*
  • • Operators of Boeing Co.’s 737 Max 9 have completed inspections on an initial batch of 40 planes, a key step to eventually end the grounding of the aircraft ordered by US regulators in the wake of an accident earlier this month.
  • • Digital World Acquisition Corp., the blank-check firm seeking to take Donald Trump’s media company public, soared on optimism over his status as the Republican frontrunner for the party’s 2024 nomination and a financing update for the deal.
  • • Apple Inc. is poised to face a US antitrust lawsuit as soon as March as the Justice Department prepares to take on one of the world’s most valuable companies, according to people familiar with the case.
  • • Bayer AG said it has agreed with employee groups on a plan to cut a “significant” number of jobs as the company looks to streamline operations and improve its performance.
  • • Samsung Electronics Co. is turning to artificial intelligence features to revamp its flagship Galaxy smartphones, betting that the technology can give it an advantage over Apple Inc.’s iPhone.
  • • Verizon Communications Inc. is writing down the value of its business services division by $5.8 billion, a sign of the company’s declining enterprise operations.
  • • Charles Schwab Corp. reported declines in profit, new assets and deposits as it navigated a tumultuous year of interest rate hikes that dented the firm’s balance sheet.
  • • Morgan Stanley was downgraded to neutral from overweight at JPMorgan Chase & Co. Analysts said the US bank is now fairly valued, with limited near-term catalysts to propel its shares higher.
  • • U.S. Bancorp reported earnings that beat analysts’ estimates as the bank benefits from elevated interest rates.
  • • PayPal Holdings Inc. completed too many acquisitions over the past few years and will now prioritize profitable growth, including at its Venmo business, Chief Executive Officer Alex Chriss said.
  • *Key events this week:*
  • • US housing starts, initial jobless claims, Thursday
  • • Republican presidential primary debate in New Hampshire, Thursday
  • • ECB President Christine Lagarde participates in Davos panel discussion, Thursday
  • • ECB publishes account of December policy meeting, Thursday
  • • Atlanta Fed President Raphael Bostic speaks, Thursday
  • • Canada retail sales, Friday
  • • Japan CPI, tertiary index, Friday
  • • US existing home sales, University of Michigan consumer sentiment, Friday
  • • ECB President Christine Lagarde and IMF Managing Director Kristalina Georgieva speak in Davos, Friday
  • • San Francisco Fed President Mary Daly speaks, Friday
  • *Currencies*
  • • The Bloomberg Dollar Spot Index rose 0.1%
  • • The euro was little changed at $1.0882
  • • The British pound rose 0.4% to $1.2685
  • • The Japanese yen fell 0.7% to 148.19 per dollar
  • *Cryptocurrencies*
  • • Bitcoin fell 1.9% to $42,614.01
  • • Ether fell 2.8% to $2,534.5
  • *Bonds*
  • • The yield on 10-year Treasuries advanced four basis points to 4.10%
  • • Germany’s 10-year yield advanced six basis points to 2.32%
  • • Britain’s 10-year yield advanced 19 basis points to 3.98%
  • *Commodities*
  • • West Texas Intermediate crude rose 0.6% to $72.80 a barrel
  • • Spot gold fell 1.1% to $2,006.04 an ounce
  • *Morning Action @ 7am – Thursday, January 18th 2024*
  • # Dow ends lower for 3rd straight day.
  • # Gift Nifty too indicating an uninspiring start as strong US retail sales dents hope for a early rate cut from the Federal Reserve.
  • Federal Reserve Governor Christopher Waller has actually downplayed the need for speedy rate cuts.
  • *7am GLOBAL UPDATE:*
  • # GIFT Nifty (-145, 21587)
  • # Dow Future (+9, 37276)
  • # Nikkei (-5, 35473)
  • # Hang Seng (+24, 15301)
  • # Dow Jones (-94, 37267)
  • # Nasdaq (-89, 14856)
  • # Bovespa (-770, 128524).
  • *WHAT HAPPENED AT WALL STREET IN OVERNIGHT TRADE TRADE:*
  • # Wall Street fell in Wednesday’s trade where the three major indexes spent most or all of session in the red following impressive retail sales data which lowered expectations for a March rate cut.
  • # US retail sales rose 0.6% from November to December and were up 5.6% on an annual basis. The results came in higher than economists were expecting thanks to a holiday-related pop in sales at clothing and general merchandise stores.
  • # Also, earnings reports did little to lift investor sentiment, with one notable financial firm tumbling on a top-line miss.
  • # *Federal Reserve Governor Christopher Waller said early Tuesday that the Federal Open Market Committee (FOMC) will likely cut interest rates this year, but stressed the process doesn't have to be "rushed."*
  • # As for the main indexes, the 30-stock Dow Index was off 0.3% at 37,266, while the broader S&P 500 slipped 0.6% to 4,739. The tech-heavy Nasdaq Composite shed 0.6% to end at 14,855.
  • # The US Dollar spiked to 103.50 levels
  • # The 10-year Treasury yield inched up to 4.089 levels.
  • # WTI Crude oil prices trade near the $73.09 a barrel.
  • # COMEX Gold slip to $2010.
  • *Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments.
  • *Q3FY24 EARNING CALENDAR 18.01.2024*
  • ACCELYA, FINPIPE, HOMEFIRST, INDIAMART, *INDUSINDBK*, JSL, KSOLVES, MASTEK, METROBRAND, *POLYCAB*, *POONAWALLA*, RKFORGE, SHOPERSTOP, SOUTHBANK, SPLPETRO, SWSOLAR, *TATACOMM*
  • *INDUSIND Bank*
  • • NII expected at Rs 5237 crore versus Rs 4495 crore
  • • EBIT expected to be seen at Rs 4004 crore versus Rs 3686 crore
  • • EBIT margin expected to be seen at 52.9% versus 56.09%
  • • Net profit expected to be seen at Rs 2296 crore versus of Rs 1959 crore
  • *POLYCAB*
  • • Revenue expected at Rs 4325 crore versus Rs 3715 crore
  • • EBITDA expected to be seen at Rs 591 crore versus Rs 503 crore
  • • EBITDA margin expected to be seen at 13.66% versus 13.56%
  • • Net profit expected to be seen at Rs 411 crore versus of Rs 360 crore
  • *POONAWALLA*
  • • NII expected at Rs 507 crore versus Rs 303 crore
  • • EBIT expected to be seen at Rs 364 crore versus Rs 155 crore
  • • EBIT margin expected to be seen at 62.65% versus 43.27%
  • • Net profit expected to be seen at Rs 250 crore versus of Rs 150 crore
  • *Tata Comm*
  • • Revenue expected at Rs 5645 crore versus Rs 4528 crore
  • • EBITDA expected to be seen at Rs 987 crore versus Rs 1077 crore
  • • EBITDA margin expected to be seen at 17.48% versus 23.79%
  • • Net profit expected to be seen at Rs 252 crore versus of Rs 393 crore
  • *Q3FY24 EARNING CALENDAR 19.01.2024*
  • ATUL, *CENTRALBK*, *CESC*, CREDITACC, HATSUN, *HINDUNILVR*, HINDZINC, KEYCORP, *PAYTM*, *RBLBANK*, *RELIANCE*, SHREDIGCEM, SIGACHI, SUPREMEIND, TEJASNET, *ULTRACEMCO*, WEBELSOLAR, WENDT,
  • *Q3FY24 EARNING CALENDAR 20.01.2024*
  • CANFINHOME, *ICICIBANK*, IDBI, *IDFCFIRSTB*, IREDA, *J&KBANK*, JKCEMENT, *KOTAKBANK*, *PERSISTENT*, RAJRATAN, ROSSARI, TATVA, *UNIONBANK*, WAAREERTL
  • *India Daybook – Stocks in News*
  • *RailTel Corporation:* Company has secured a major work order from South Central Railway for comprehensive ground infrastructure works amounting to Rs. 82 Cr (Positive)
  • *Uniparts:* Secures a USD 1.2 million order from Doosan Bobcat North America Inc. for construction equipment parts. (Positive)
  • *Happiest Minds:* Q3 results show strong revenue growth at 11.7% y-o-y and EBITDA growth at 8.2% y-o-y. (Positive)
  • *Balaji Amines:* Company has obtained BIS Certification for "Morpholine" from the Bureau of Indian Standards. (Positive)
  • *InfoBeans Technologies:* Company has partnered with Agenio Gmbh, to enhance delivery efficiency and strengthen capabilities in the ServiceNow ecosystem (Positive)
  • *Ajmera Realty:* Keystone Realtors to acquire 50% stake in Ajmera Realty unit Ajmera Luxe Realty (Positive)
  • *Intellect Design:* Company to set-up a unit (branch office) in GIFT City SEZ. (Positive)
  • *Adani Ent:* Adani Group in accord with Maharashtra for ₹50,000 crore investment to set up 1 GW Hyperscale Data Infrastructure. (Positive)
  • *BEL:* Company received additional orders worth Rs 1034.31 crore (Positive)
  • *Zaggle:* Company signs contract worth Rs 200 crore with Torrent Gas. (Positive)
  • *M&M:* Mahindra Aerostructures expands partnership with Airbus. (Positive)
  • *Welspun Corp:* Company wins order worth of Rs 3000 crore. (Positive)
  • *Sobha:* Company’s Board to consider fund raising via right issue. (Positive)
  • *Persistent:* Board may consider a proposal of sub-division/split of the existing equity shares (Positive)
  • *JSW Energy:* JSW Neo Energy has announced setting up a pumped storage project with a generation capacity of 1,500 MW, at a cost of ₹9,000 crore in Telangana (Positive)
  • *Sun Pharma:* Company to acquire remaining outstanding shares of Taro for ₹2,891 crore (Positive)
  • *Jindal Saw:* Nippon India MF bought 10 Lakh Shares, BNP Paribas bought 4 Lakh Shares in large trade (Positive)
  • *Zydus Life:* Company received USFDA approval for PIMAVANSERIN capsules (Positive)
  • *Samvardhana Motherson:*SMISL enters into an agreement with BIEL Crystal, Singapore (Positive)
  • *Minda Corp:* Company sells 15.7% stake (1.91 crore equity) in Pricol at ₹343.60/Share (Neutral)
  • *LTIM:* EBIT at Rs 1,385.9 cr Vs poll of Rs 1,418 cr, Revenues at Rs 9017 versus poll of Rs 9020 cr (Neutral)
  • *Nazara Technologies:* Company to raise funds up to ₹250 crore by issuance of 28.66 lakh equity shares at ₹872.15/share. (Neutral)
  • *Indiabulls Housing:* Company approves raising up to Rs 5,000 crore via equity issue. (Neutral)
  • *Speciality Restaurants:* Q3 cons PAT at Rs.13.8 cr vs Rs.15.4 cr, down 10.1% YoY. (Neutral)
  • *NMDC:* Sources Say Indian Govt rejects proposal for iron ore exports to China (Neutral)
  • *Anant Raj:* Board meet today to consider and approve issue price for QIP (Neutral)
  • *Cantabil:* Board meet today to consider Fund Raising via Preferential Issue (Neutral)
  • *Shakti Pumps:* Board meet today to consider Fund Raising Via Preferential Issue or QIP, etc (Neutral)
  • *Happiest Minds:* Q3 cons PAT at Rs.59.6 cr vs Rs.58.4 cr, up 2.1% QoQ (Neutral)
  • *Alok Industries:* Net loss at Rs 229.2 crore versus loss of Rs 249.83 crore. Revenue fell by 27 percent to Rs 1,253 crore in Q3FY24 YoY. (Neutral)
  • *NHPC:* Government to sell 3.5% stake in NHPC at ₹66/share via offer for sale (OFS) on January 18 & 19, 2024 (Neutral)
  • *HDFC Bank:* US-listed ADR shares shed another 9%, drop to the lowest since July 2022 (Negative)
  • *ICICI Pru:* APE At ₹1,907 Cr Vs Poll Of ₹2,395 Cr, VNB margin at 22.9% vs poll of 28.6%. (Negative)
Panchkarma