Stocks in news – cnbctv 18

Stocks To Watch: ICICI Bank, HCLTech, Maruti, Yes Bank, Ajanta Pharma and more

ICICI Bank | Net profit at ₹10,757.5 crore compared to a CNBC-TV18 poll of ₹10,323.3 crore. Net Interest Income of ₹19,092.8 crore is also higher than the poll estimate of ₹18,982.3 crore. Gross NPA at 2.16% from 2.3% in December. Net NPA at 0.42% from 0.44% last year. Slippages at ₹5,139 crore from ₹5,714 crore sequentially. Net Interest Margin flat quarter-on-quarter but down 50 basis points year-on-year. Management said that there are ongoing discussions with the RBI with regards to IT infra and they get feedback from time-to-time. The management also expects NIMs to remain rangebound till there is a change in repo rates.

Maruti Suzuki share price target — Maruti Suzuki | Net profit at ₹3,877.8 crore, lower than the poll of ₹4,104 crore. Margin misses estimates by 120 basis points to 12.2%. Year-on-year, margin improved by 170 basis points. Also declared a dividend of ₹125 per share. Profit growth of 47.8% from last year but kept in check due to higher tax expenses.

HCL Tech stock — HCLTech | FY25 revenue growth guidance seen at 3-5% year-on-year, lower than CNBC-TV18’s poll of 5% – 7% growth. Constant currency revenue growth of 0.3% versus 6% in December and lower than poll of 0.4%. EBIT margin of 17.6% also lower than estimate of 18.3%. Management said that the growth guidance issued by the company is back-ended. Subdued guidance due to one large project moving offshore which will impact Q1 performance and an additional headwind of 80 basis points in Q2 due to Statestreet BPO JV exit.

IDFC First Bank Q4 Earnings, IDFC First Bank Q4 Results, IDFC First Bank quarterly earnings, IDFC First Bank quarterly results, IDFC First Bank net profit, IDFC First Bank NII, IDFC First Bank NPA, IDFC First Bank share price, — IDFC First Bank | Aiming for 1.4% to 1.5% RoA in the next 2-3 years. Q1 profit to be flat sequentially, will improve post that. Q4 should be the best profitable quarter of FY25, according to the management. FY25 loan growth seen between 22% and 23%, while deposit growth seen between 28% and 30%. Credit costs will be upfronted in H1FY25. Net profit and Net Interest Income in the fourth quarter were slightly lower than the CNBC-TV18 poll. Gross NPA at 1.88% from 2.04% last quarter, Net NPA at 0.6% from 0.68% in December.

Yes Bank | Tax write-back of ₹20.3 crore, first in three years. Lower overall provisions despite sequential rise in slippages. Write-offs at a 12-quarter high. Annualised credit cost is also at a four-quarter high. NIMs at 2.4% is a nine-quarter low. Gross NPA at 1.7% from 2% in December. Net NPA at 0.6% from 0.9% in December.

RBL Bank share price — RBL Bank | Operating profit growth year-on-year is the highest in 21 quarters. Gross NPA and Net NPA is the lowest in 13 quarters. Credit-deposit ratio is the lowest in six quarters. RoA and RoE are the highest in 19 quarters. Net Interest Income met expectations, while net profit was marginally higher. Slippages at ₹680 crore from ₹666 crore. Write-offs at ₹721 crore from ₹356 crore.

L&T Finance | Net Interest Income of ₹1,909 crore below Equirus estimates of ₹1,955.2 crore. Net profit of ₹554 crore also below estimates of ₹661.6 crore. Disbursements up 24.8% year-on-year and 3.4% sequentially to ₹15,366 crore. AUM growth of 5.7% from last year to ₹85,564 crore. Gross NPA at 2.84% from 2.95%, Net NPA at 0.62% from 0.64%.

apollo hospitals share price, apollo hospitals stock, apollo hospitals shares, apollo 24/7, apollo keimed merger, keimed, apollo hospitals latest, — Apollo Hospitals | Apollo HealthCo to raise ₹2,475 crore or $300 million from Private Equity Firm Advent. To also merge Keimed, promoter-owned pharma wholesale distribution business over the next 24-30 months. The merger will be EPS accretive from year 1. Deal will involve Keimed buying out multiple JV partners. Growth capital for Apollo HealthCo worth ₹860 crore. Debt worth ₹890 crore out of ₹1,290 crore will also be retired. Aspire to have ₹25,000 crore in revenue and 7-8% margin in three years.

SBI Cards & Payment Services | Revolver rate improves for the first time in two years. Credit card business momentum has been weak with corporate spends declining 55% sequentially. Net Interest Margin at the lowest in four years. Annualised credit cost remains elevated at a nine-quarter high of 7.6%. Cards receivables at ₹50,846 crore, up 25% year-on-year. Gross NPA at 2.76% from 2.64%, while Net NPA at 0.99% from 0.96%.

Ajanta Pharma Share Buyback — Ajanta Pharma | To consider buyback of equity shares at its board meet on May 2.

IRCON | Gets order worth ₹1,198.09 crore from East Coast Railway.

IREDA share price — IREDA | Gets “Navratna” status from the Department of Public Enterprises.

Stocks To Watch: HDFC Bank, Wipro, Persistent Systems, Jio Financial, IREDA and more

Mukka Proteins

hdfc bank share price — HDFC Bank | Net profit at ₹16,511.9 crore compared to a CNBC-TV18 poll of ₹18,361.5 crore. Gross NPA at 1.25% from 1.26%, while net NPA at 0.33% from 0.31% in December. The bank has made floating provisions worth ₹10,900 crore in the March quarter and also recommended a dividend of ₹19.5 per share. HDFC Bank also plans to raise ₹60,000 crore through debt instruments.

wipro q4 results — Wipro | Reports fifth consecutive quarter of revenue decline for the March quarter. Ended FY24 with a constant currency revenue decline of 4.4% compared to TCS’ 3.4% and Infosys’ 1.4% growth. Q1 guidance of -1.5% to 0.5%, compared to estimates of 0% to 2% growth. Headcount also fell for the sixth quarter in a row. Continues to see green shoots in Capco, which saw 44% sequential growth in order bookings.

Jio Financial Services — Jio Financial Services | Income at ₹418.2 crore, up 0.9% sequentially. Cost-to-income ratio at 24.23% from 23.8% in the December quarter. Operating profit at ₹316.9 crore from ₹315.6 crore last quarter. Profit of associates up 17.4% quarter-on-quarter to ₹77.6 crore. Net profit up 5.7% to ₹310.6 crore.

aditya birla fashion share price — Aditya Birla Fashion | Approves demerger of Madura Fashion & Lifestyle into newly incorporated Aditya Birla Lifestyle Brands. ABLBL will be listed separately on completion of the merger. Aditya Birla Fashion shareholders will get one new share of the demerged entity for every one share held of ABFRL. Post demerger, ABFRL will raise up to ₹2,500 crore within a 12-month period.

IREDA share price — IREDA | Reports all-time high annual net profit of ₹1,252 crore, a growth of 45% over last year. Net NPA down to 0.99% from 1.66% at the end of financial year 2023. Loan book grew by 27% to ₹59,6898 crore. Loan disbursements grew by 16% to ₹21,639.21 crore, marking the highest annual loan disbursement and sanction in the company’s history.

Persistent Systems | US Dollar revenue growth of 3.4% from the December quarter to $310.9 million. Revenue in rupee terms up 3.7% quarter-on-quarter to ₹2,590.5 crore. Board recommended final dividend of ₹10 per share. Total order booking for the quarter stood at $447.7 million.

Sterling & Wilson | Revenue growth of over 50% to ₹3,035 crore. Turns EBITDA positive with a ₹54 crore figure in financial year 2024, aided by the growing domestic EPC business. Achieved gross margin in excess of 10% for the year. Unexecuted order value has grown 64% with net debt reduction by over 90%. Unexecuted order book at over ₹8,000 crore.

HDFC AMC | Quarterly average AUM at ₹6.12 lakh crore, up 11% sequentially. Market share improves marginally to 11.3% from 11.2% in December. Equity AUM grew by 15.5% quarter-on-quarter. Also declared dividend of ₹70 per share.

lupin, Avendus Spark — Lupin | Announces the launch of 25 mg strength of generic Mybetriq or mirabegron in the US. The company has approval to launch both 25 mg and 50 mg. The drug is used for an overactive bladder. The 25 mg strength has sales of $1 billion.

UltraTech Cement | Board approves purchase of a grinding unit having an installed capacity of 1.1 MTPA in addition to a captive railway siding at Parli in Maharashtra from The India Cements for a consideration of ₹315 crore. The purchase will help UltraTech strengthen its presence in the Maharashtra market.

Hero MotoCorp | Inaugurated a product assembly facility in the country. Also launched four of its globally popular products, which will be assembled locally at the new assembly facility located in the CG Industrial Park in Nawalparasi. The facility will have a capacity of 75,000 units.

Stocks To Watch: TCS, Oil Stocks, Senco Gold, Anand Rathi, Patanjali and more

TCS Q4 Results — TCS | Constant currency revenue growth of 1.1% misses estimates of 1.3%. However, EBIT margins were at a three year high and deal wins worth $13.2 billion were a record. The company expects growth in the current financial year to be better than the previous year. Attrition fell further to 12.5%. Already visiting colleges to hire fresh graduates. Brokerage JPMorgan upgraded the stock to “overweight” but Nomura has maintained its “Reduce” rating.

Anand Rathi wealth management, Anand Rathi share price, Anand Rathi Wealth earnings — Anand Rathi Wealth | Revenue grew by 35% during the quarter to ₹752 crore, while net profit after tax increased by 34% year-on-year. Assets Under Management grew by 52% from last year to ₹59,351 crore. The board has announced a buyback of equity shares through the tender offer route. The company intends to buyback 3.7 lakh equity shares or 0.88% of the total equity at a price of ₹4,450 per share, which is a 9.9% premium to Friday’s closing price. Additionally, the board has also declared an interim dividend of ₹9 per share.

patanjali foods, share price, results, quarterly results, baba ramdev — Patanjali Foods | Prices of edible oils in India remained stable and rebounded from low levels. Edible oil segment revenue showed modest single-digit growth compared to the previous quarter along with a favourable EBITDA margin. Segmental volume saw mid-single-digit growth from last year. Cumulative oil palm plantation area under cultivation stood at 74,376 hectares. Revenue of Food & FMCG business remained resilient and accounted for more than 30% of revenue from operations and maintained stable EBITDA margin. Doodh biscuits became a ₹1,000 crore brand in FY24. Sale of ghee and dryfruits remained steady. Strategically realigning its portfolio to within the Food & FMCG sector to cater to evolving consumer preferences.

senco gold ipo — Senco Gold | Achieved 28% revenue growth for financial year 2024 and 39% from last year for the March quarter. Despite rising gold prices, the company achieved 13% volume growth in Gold and 19% volume growth in diamond for the full year. The old Gold exchange as a percentage of sales increased to 32% from 29% last year. Same-store-sales-growth during the full year stood at 19%.

Kolte Patil — Kolte-Patil Developers | Highest-ever annual sales value of ₹2,822 crore, a growth of 26% from last year. Highest ever annual sales volume of 3.92 million square feet, up 20% year-on-year. Launched projects with Gross Development Value of ₹3,800 crore during the financial year. Collections up 9% for the year at ₹2,070 crore, also the highest ever. Realisations for the March quarter are down 5% to ₹7,226 per square feet from ₹7,579 in the December quarter and are flat compared to last year.

Aster DM Dividend — Aster DM Healthcare | Company declared a special dividend of ₹118 per share post receipt of proceeds from the sale of its GCC business. The special dividend will be paid within 30 days from the day of declaration. Record date for the special dividend has been fixed at April 23.

Granules India | Unit V facility in Vishakapatnam inspected by USFDA and issued zero observations. The unit manufactures APIs and formulations for oncology and non-oncology products and was inspected between April 8-12.

Shilpa Medicare Share Price — Shilpa Medicare | Raises ₹500 crore through a QIP. Funds managed by Sunil Singhania, Madhusudan Kela among those issued shares. ICICI Prudential, Bandhan Mutual Fund also issued shares. Issue price of the QIP fixed as ₹455 per share, which is a 4.68% discount to the QIP floor price of ₹477.33 per share.

sterlite technologies share price, sterlite technologies stock, sterlite technologies shares, sterlite technologies QIP, sterlite technologies fundraise, sterlite technologies qip floor price, qip, — Sterlite Technologies | Has raised ₹1,000 crore through its QIP. Issue price has been fixed as ₹113.05 per share, which is a 5% discount to the floor price of ₹119. HDFC MF, Goldman Sachs, Societe Generale, Nippon India among others issued shares in the QIP.

ISMT | Gets two contracts from ONGC for supply of regular casing pipes worth ₹343.72 crore. The orders need to be executed until February 13, 2025.

indian refiners, us crude, india buying crude from us, india buys us crude, russia sanction, russia ukraine war, oil, omcs, hpcl, bpcl, ioc, — Oil Stocks | With the escalation of the conflict in the middle east, watch out for a reaction in crude oil prices and therefore a subsequent movement in oil sensitives like ONGC as well as oil marketing companies like HPCL, BPCL and IOC.

Stocks To Watch: Autos, Gas shares, MOIL, Newgen Software, RVNL, GRSE and more

Stocks To Watch

Auto Stocks | Companies to report their sales numbers for March on Monday.

Gas Stocks | Gas price ceiling for April 1, 2024 – September 30, 2024 is $9.87 per MMBTU on a Gross Calorific Value (GCV) basis. Domestic natural gas price for April 1, 2024 – September 30, 2024 is $6.5 per MMBTU on a GCV basis.

MOIL | Prices of all Ferro grades of Manganese ore with Manganese content of Mn-44% and above increased by 6% on from March. Prices of all other ferro grades of Manganese ore with content below Mn-44% increased by 3% from March. Prices of all SMGR fines and chemical grades increased by 3% on the prevailing prices.

Newgen Software | Executed an agreement for a Trade Finance Project with a customer. Aggregate value of the purchase order is ₹49.84 crore. The project is to be executed over a three-year period. Additionally, the company has also won orders for a Trade Finance Solution from an international customer worth $1.1 million. It has also received the Letter of Intent for purchase and implementation of customer onboarding, corporate finance origination system and business process automation system for a five year period worth $2.07 million.

RVNL | Emerges as the lowest bidder for three projects. One worth ₹148.26 crore, the other for $7.15 million and the third one for ₹95.95 crore. The orders are from South Eastern Railway, North Eastern Frontier Railway and from the Energy Development Corporation.

Garden Reach Shipbuilders | Annual turnover for financial year 2024 crosses ₹3,400 crore, which is the highest ever in the company’s history. On a year-on-year basis, the turnover grew by 33%.

infosys share price, infosys results, infosys dividend — Infosys | Expected to get refund of ₹6,329 crore from the Income Tax Department. The company is evaluating the implications of these orders on the financial statements for the quarter.

hdfc bank share price, hdfc bank news — HDFC Bank | Signs binding term sheet as part of the process to sell 100% equity stake in HDFC Education and Development Services Pvt. Ltd. The stake sale will be done through a Swiss Challenge method, post which the subsequent purchaser and HDFC Bank will sign definitive documents for the said sale.

Indian Oil | Signs binding term sheet with Panasonic Energy to manufacture Lithium-Ion Cells in India. In addition to meeting domestic requirements, investments in setting up local manufacturing will set up a complete supply chain ecosystem improving India’s self-reliance, fortifying India’s position in the global energy landscape.

Canara Bank | To dilute 13% stake in Canara Robeco Asset Management Company via the IPO. The stake dilution is subject to approval of the Reserve Bank of India and the Department of Financial Services.

Trident | Existing capacity of bath linen business at Budhni in Madhya Pradesh has been enhanced from the existing 622 looms with the addition of another 42 looms. The overall capex of ₹132 crore was funded via term loans and internal accruals. Existing capacity utilisation was 63%.

Torrent Power — Torrent Power | Gets Letter of Award from Torrent Power Ltd. Distribution unit to set up a 150 MW (RE Power) grid-connected wind solar hybrid projects under the greenshoe option. The project cost is worth ₹1,825 crore.

Metro Brands | Extends partnership with Crocs India for continued growth in the India business.

Veranda Learning | Acquired 50% equity in Tapasya Educational Solutions through its subsidiary, valuing Tapasya at ₹240 crore. The acquisition to bolster Veranda’s presence in Telangana and Karnataka.

Stocks To Watch: LIC, RailTel, RVNL, Amber Enterprises, Torrent Power and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Summary

Multiple Rail, Defence and Power PSUs will be in focus today due to their respective order wins.

LIC | In confirmation of a CNBC-TV18 newsbreak, the government confirmed the wage hike of LIC employees. The government has approved a 17% wage hike of LIC Employees, which will benefit more than 1.1 lakh LIC employees and over 30,000 pensioners.

Railtel — RailTel | Wins order worth ₹352 crore from the BMC for supply, operations and maintenance of HMIS, which is the health department of the municipal body. It has also won a ₹130 crore order in Bihar.

Aditya Birla Fashion | Gets no objection letter from BSE, NSE on scheme of merger of company with TCNS Clothing. Effectiveness of the scheme will be subject approval of the NCLT & other necessary approvals.

Amber Enterprises | Incorporated a wholly-owned subsidiary called AT Railway Sub Systems Pvt. Ltd. to carryout the business of railway components and sub systems for the rolling stock industry in India and overseas and to expand their businesses into the global markets.

RVNL | Gets LoA for a project worth ₹339.2 crore from the Maharashtra Metro Rail Corporation.

IRCON | Gets an LoA for construction project worth ₹630 crore from NHIDCL

Hindustan Aeronautics | Gets ₹2,890 crore order from Defence Ministry from Mid Life upgrade of 25 Dornier Aircraft of Indian Navy.

torrent power — Torrent Power | Gets Letter of Award for Setting up of 300 MW Wind Solar Hybrid Projects. The projects will have a tariff of ₹3.65 kWh and the contract period will be worth 25 years.

Aurobindo Pharma, Aurobindo Pharma share, Aurobindo Pharma subsidiary, Aurobindo Pharma cancer drug, Aurobindo Pharma CDSCO marketing authorisation — Aurobindo Pharma | Arm CuraTeQ Biologics announces successful Phase 1 clinical study outcome of their BP 11 product, which is similar to Xolair

lupin, Avendus Spark — Lupin | USFDA issues form 483 with one observation for its Aurangabad facility which was inspected between March 6 – 15, 2024.

SJVN | Gets Letter of Intent from Gujarat Urja Vikas Nigam Ltd. for a 200 MW solar project.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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#Russia #Ukraine #UkraineRussiaWar #Sievierodonetsk #RussiaAttack #Global #World #HelpRussia

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

Global Top Gainers Top Loosers nifty sensex

index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

Currency

Company	Price	Chng	%Chng
Dollar-Rupee	73.3500	0.0000	0.00
Euro-Rupee	89.0980	0.0100	0.01
Pound-Rupee	103.6360	-0.0750	-0.07
Rupee-100 Yen	0.6734	-0.0003	-0.05

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Win WRX (WazirX token) worth Rs. 1500.

Question 1 of 5

What coins do you think will be valuable over next 3 years?

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ETH

Stocks To Watch: IndiGo, Tata Chemicals, JM Financial, Vedanta, RVNL and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Tata Power and Torrent Power will be in focus on Monday. Also will be in focus are stocks like RVNL & Zydus.

InterGlobe Aviation | Block size increased with promoter Rakesh Gangwal now looking to sell up to 5.8% equity to raise nearly ₹6,600 crore. The floor price is said to be ₹2,925 per share, which is a 5.8% discount to Thursday’s closing price. It was earlier reported that Gangwal plans to sell up to 3.3% equity in the block deal worth ₹3,730 crore.

JM Financial | SEBI bars the company from acting as a debt issue lead manager. It has also barred the company from taking new mandate in debt public issue. It can continue to manage existing debt issue for 60 days. SEBI to complete investigation on JM Financial within six months.

Tata Group Stocks / Tata Chemicals | Listing of Tata Sons in the foreseeable future is unlikely, sources told CNBC-TV18 and that the company is considering multiple options to comply with RBI’s upper-tier NBFC norms. Cutting down group debt or hiving off Tata Capital could be an option.

vedanta block deal, vedanta equity exchanged, vedanta shares, vedanta share price, vedanta stock, vedanta gqg, gqg, gqg vedanta, vedanta deals, — Vedanta | SEBI issues administrative warning to the company. Asks company to take corrective steps to strengthen internal migration control for corporate announcements. SEBI’s warning will have no impact on financial or other operations, the company said.

Gensol Engineering | Emerges as L1 bidder for attaining an unassailable position for a 70 MW / 140 MWh out of 250 MW / 500 MWh standalone battery energy storage systems project. The project developed will provide energy to Gujarat Urja Vikas Nigam Ltd. (GUVNL) The project will contribute ₹450 crore to Gensol’s revenue over a period of time.

Zydus Life | Ahmedabad API facility gets Establishment Inspection Report (EIR) from USFDA. The inspection was carried out between December 14 to 22, 2023 and was given a Voluntary Action Indicated (VAI) status.

DB Realty | Launches QIP to raise funds. Sources say that the total size of the QIP is likely to be ₹1,500 crore and the company plans to use the proceeds for business development and loan repayment. Base size will be ₹1,000 crore and a green shoe option of ₹500 crore. The total equity dilution is likely to be 10.4%.

RVNL | Gets LoA for the ₹251 crore order in Madhya Pradesh from the Madhya Pradesh PoorvKshetra Vidyut Vitaran company. Additionally, the company has also received LoA for projects worth ₹1,298.2 crore from Himachal Pradesh Electricity Board for development of distribution infrastructure at South Zone & North Zone. The company’s JV with URC has also received a letter of acceptance for a ₹543 crore project from the Madhya Pradesh Metro Rail Corporation.

Tata Power | MERC approves average tariff hike of 24% compared to the company’s request of 12% from financial year 2024 – 2025.

Torrent Power — Torrent Power | Gets Letter of Award for supply of 306 MW Solar Power from Maharashtra State Electricity Distribution Company. The LoA is worth ₹1,540 crore for the supply of 306 MW solar power, under the PM Kusum scheme.

HG Infra | Gets Letter of Acceptance (LoA) from NHAI for construction of four-lane elevated corridor of Kalimandir-Dimna Chowk in Jharkhand. The 10 km project is said to cost ₹610 crore and will be constructed over a period of 30 months.

Zee Entertainment | President-Business-South Asia, Rahul Johri quits to pursue interests outside the organisation. The stock is in the F&O ban.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

Tags

#Russia #Ukraine #UkraineRussiaWar #Sievierodonetsk #RussiaAttack #Global #World #HelpRussia

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

today's market

Global Top Gainers Top Loosers nifty sensex

index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

Currency

Company	Price	Chng	%Chng
Dollar-Rupee	73.3500	0.0000	0.00
Euro-Rupee	89.0980	0.0100	0.01
Pound-Rupee	103.6360	-0.0750	-0.07
Rupee-100 Yen	0.6734	-0.0003	-0.05

Quiz

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Are you a Crypto Head? It’s time to prove it!

10 Questions · 5 Minutes

Win WRX (WazirX token) worth Rs. 1500.

Question 1 of 5

What coins do you think will be valuable over next 3 years?

BTC

SOL

ETH

Stocks to Watch: Mahindra & Mahindra, NLC India, Asian Paints, UPL, Prestige Estates and more

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Subex, Prestige Estates and HAL, these are some of the stocks you should keep on your radar for the final trading session of this truncated week.

Mahindra & Mahindra | Promoter group to sell 93 lakh shares via block deal. Price range for deal fixed between ₹1,911.5 to ₹1,970.65 per share, which is at a 0% to 3% discount to Wednesday’s closing price. As of December, promoter group holds 19.32% stake in the company. The company also clarified that the share sale is to meet some liquidity needs and they do not intend to sell any further stake in the foreseeable future.

NLC India | Government to offload 7% stake via an Offer for Sale. The government will sell 5% stake with a green shoe option of another 2%. The floor price for the OFS has been fixed as ₹212 per share, which is a 6.2% discount to Wednesday’s closing price. The government currently owns 79.2% stake in NLC India. The stock has risen 175% in the last 12 months.

Asian Paints | Wholly-owned subsidiary entered into requisite agreements with Gujarat Chemical Port Ltd. to set up an ethylene storage and handling facility in Dahej. As part of the agreement, Asian Paints (Polymers) Pvt. Ltd. will provide GCPL a security deposit of ₹460 crore, which will be refunded over a 17-18-year period, which will be in addition to the cost of setting up the VAM and VAE manufacturing facility. Asian Paints had earlier announced that the subsidiary will be setting up a facility for manufacturing VAM and VAE at Dahej at an approximate cost of ₹2,100 crore.

UPL | Wholly-owned subsidiary UPL Corporation Ltd. and Masarrah Investment Company have entered into a share subscription agreement to set up a manufacturing complex in Saudi Arabia for the production of phjosphate, cyanide and chlorine value added products to create a diversified export portfolio. UPL Arabia will issue shares to UPL Corp and MIC. Post the issuance of new shares, UPL Corp will hold 85% equity, while MIC will hold 15% in UPL Arabia.

Hindustan Aeronautics | Has signed an amendment to the LCA IOC contract, where the value has been revised higher to ₹5,078 crore from ₹2,701 crore.

Prestige Estates | Launches luxury residential project Prestige Somerville in Bengaluru comprising of 306 apartments across two high-rise towers with a revenue potential of ₹800 crore.

Subex | Bags deal worth $2.2 million with leading telecom operator in Southeast Asia for business assurance and fraud management solutions.

Jupiter Wagons | The Ministry of Railways has placed an offer to manufacture 2,237 BOSM Wagons for a contract value of ₹956.87 crore.

GPT Infraprojects Limited | GPT has secured a significant contract worth 135 Crore from North Central Railway, Agra, Uttar Pradesh. The contract involves various construction works, including earthwork, bridge construction, track linking, and other ancillary tasks. GPT will execute the project in a joint venture, holding a 51% share. No related party transactions are involved in this contract.

Karur Vysya Bank | Karur Vysya Bank has announced revisions to its Base Rate and Benchmark Prime Lending Rate (BPLR), effective from March 13, 2024. The existing Base Rate of 11.40% will be revised to 11.45%, while the current BPLR of 16.40% will be adjusted to 16.45%.

LIC | Has increased its stake in LIC Mutual Fund Asset Management to 44.61% from 40.93% earlier via private placement basis. The company has acquired 959 shares at a price of ₹2,60,818 each.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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Global Top Gainers Top Loosers nifty sensex

index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-72.15
sensex	₹1,882.60	+28.30
nifty IT	₹2,206.80	+30.85
nifty bank	₹1,318.95	-14.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

index	Price	Change
nifty 50	₹16,986.00	-7.15
sensex	₹1,882.60	+8.30
nifty IT	₹2,206.80	+3.85
nifty bank	₹1,318.95	-1.95

Currency

Company	Price	Chng	%Chng
Dollar-Rupee	73.3500	0.0000	0.00
Euro-Rupee	89.0980	0.0100	0.01
Pound-Rupee	103.6360	-0.0750	-0.07
Rupee-100 Yen	0.6734	-0.0003	-0.05

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Stocks To Watch: Godrej Properties, SJVN, NTPC, Swan Energy, Brigade, and more

Bajaj Finance share price

Godrej Properties | Enters into definitive agreements to develop a township project on a 62 acre land parcel in North Bengaluru under a profit sharing model, offering 5.6 million square feet of saleable area with an estimated booking value of ₹5,000 crore.

SJVN | Wholly-owned subsidiary SJVN Green Energy Ltd. bags full 200 MW capacity in the tariff bid competitive bidding conducted by GUVNL for development of solar power projects in the 1,125 MW GSECL Solar Park at Khavda. Tariff for the same will be ₹2.66 per unit and the project will be built on Build Own and Operate (BOO) basis. The tentative cost for construction and development of this project will be ₹1,100 crore.

NTPC | Board accords investment approval at an appraised current estimated cost of ₹17,195.31 crore for Singrauli Super Thermal Power Project, Stage-III (2×800 MW).

Brigade Enterprises | Launches new residential project Dioro@Brigade El Dorado at Aerospace Park in North Bengaluru, spread over half a million square feet and 525 2 and 3 BHK flats in two towers, with a total revenue potential of ₹380 crore.

Swan Energy | SLPL, subsidiary of the company, has pre-paid its entire loan, along with interest till date, to a consortium of banks, worth nearly ₹2,206 crore. With this, the current group debt is now at ₹1,675 crore from ₹4,128 crore in September 2023.

Coforge | Board decided not to proceed with the proposed offering of its American Depository Receipts, which was approved in July and November of 2021.

PSPProjects — PSP Projects | Wins new work orders worth ₹386.24 crore. One is for the construction and maintenance of human and biological gallery at science city, Ahmedabad for ₹268.11 crore, which needs to be completed within 18 months, while the other is for construction of commercial building at ORXY at GIFT City, Gandhinagar worth ₹118.13 crore, which will be completed within 24 months.

Patel Engineering | Gets Letter of Acceptance for ₹525.36 crore contract with JV Partner in Khammam City Telangana, for RCC Protection Wall Project. Patel Engineering’s share in the contract is worth ₹267.93 crore.

Signature Global | Deluxe DXP project in Gurugram makes record sales of more than ₹3,600 crore.

MOIL | Achieves best ever production in February of 1.51 lakh tonnes of Manganese ore, higher by 15% from last year. Year-to-date production of 15.84 lakh tonnes up to February 2024 is up 37% from last year.

Zaggle Prepaid — Zaggle Prepaid Ocean Services | Contracted to be a referral partner of Axis Bank to carry out activities such as sales and distribution, marketing and campaign bundled with Zaggle Expense management to drive forex card spends and greater usage of the software. The contract is for a period of five years.

Ganesha Ecosphere | Search and Seizure operations carried out by GST Department on March 1 and 2, 2024 at the company’s factory in Kanpur and Bilaspur, Godown at Varanasi and Administrative Office at Kanpur Nagar. The search pertained to Alleged contravention of GST Act, with respect to transaction data on supply committed or alleged to be committed ; of goods, mismatch in stock, excess claim of ITC and inadequate reversal / non-reversal of ITC.

Stocks To Watch: Auto Stocks, Bharti Airtel, Vedanta, Aurobindo Pharma, Suven and more

Stocks To Watch

Auto Stocks | Indian automakers will be in focus today as they will be reporting sales figures for the month of February. You can read more about the expectations here.

Bharti Airtel | Chairman Sunil Bharti Mittal, in an exclusive conversation with CNBC-TV18 said that the company is looking at an Average Revenue Per User (ARPU) of ₹300 by the end of financial year 2025. He is hopeful of starting with an ARPU of ₹250 this financial year. He further said that SATCOM is an exciting area and they are excited to start operations in Gujarat. On the content front, Mittal said that they will partner with content providers but not get into content themselves.

vedanta block deal, vedanta equity exchanged, vedanta shares, vedanta share price, vedanta stock, vedanta gqg, gqg, gqg vedanta, vedanta deals, — Vedanta | Supreme Court rejects plea to reopen Sterlite Copper smelter at Tuticorin.

Biocon | Biocon Biologics signed a settlement and license agreement with Janssen Biotech Inc. and Johnson & Johnson that clears the way to commercialise Bmab 1200, a proposed biosimilar to Stelara in the US market. The agreement licenses the company to launch in the US in February 2025, once approved by the USFDA. The regulator has accepted the Biologics License Application for review. Stelera is a monoclonal antibody medication preventing the abnormal regulation of interleukin associated immune diseases and has been approved for the treatment of psoriasis, Crohn’s disease ulcerative colitis, plaque psoriasis and psoriatic arthritis. Stelara had sales of $7 billion in the US market in 2023. Additionally, The USFDA has also issued a form 483 with four observations for Biocon Biologics’ facility, which it inspected between February 20-28, 2024.

Suven Pharma | Board approves merger of Cohance Lifesciences with itself. Cohance shareholders to get 11 equity shares of Suven for every 295 held. The merged entity will have three segments, Pharma CDMO, Specialty Chemical CDMO and CPI. The merged entity will also add an antibody drug conjugate segment. The proposed merger is said to be double-digit EPS accretive from first year of being effective.

Aurobindo Pharma, Aurobindo Pharma share, Aurobindo Pharma subsidiary, Aurobindo Pharma cancer drug, Aurobindo Pharma CDSCO marketing authorisation — Aurobindo Pharma | USFDA issues form 483 with seven observations to the injectable facility of Eugia SEZ, a wholly-owned step-down subsidiary of the company. The unit was inspected between February 19-29, 2024. The observations are procedural in nature and will be responded to within the stipulated time.

L&T share price, L&T stock, L&T shares, L&T results — Larsen & Toubro (L&T) | L&T has commissioned its first domestically manufactured electrolyser at the Green Hydrogen Plant in Hazira, Gujarat. This electrolyser, electrolyser boasts a rated power capacity of 1 MW, expandable to 2 MW, and is capable of producing 200 Nm3/Hr of hydrogen.

MOIL Limited | Effective from March 1, 2024, the company has announced revised prices for various grades of Manganese Ore and other products. The prices for all Ferro grades of manganese ore with Manganese content of Mn-44% and above remain unchanged from February 1, 2024. However, prices for other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 5% compared to the previous month. Similarly, prices for SMGR (Mn-30% & Mn-25%), Fines, Chemical grades, and EMD will continue at the prevailing rates since February 1, 2024.

Tips Industries | Expands agreement with Warner Media, which gives the latter access to Tips Music’s full extensive catalogue globally. Warner Music has been exclusively distributing Tips Music’s 13,000+ strong Hindi Catalogue since 2020. The new deal will now see Warner Music take on commercial distribution responsibilities for all Tips Music’s frontline and catalogue music on all audio streaming apps, spanning across 23 Indian languages and over 30,000 songs.

Kesoram Industries | Signs facility agreement to avail financial assistance or loan worth ₹1,850 crore from Tata Capital, Tata Capital Housing Finance & Hero Fincorp. Also signs agreement to refinance existing debt, transaction and other expenses.

Pidilite | Appoints Sudhanshu Vats as Managing Director designate from April 2025. Kavinder Singh appointed Joint Managing Director from April 2025. Both will take charge after Bharat Puri’s term ends.

Chalet Hotels | To acquire 100% stake in Ayushi and Poonam Estates LLP, the owning entity of Courtyard by Marriott, Aravalli Resort in the NCR. The transaction will be worth ₹315 crore and is likely to be completed by March 10, 2024. Courtyard by Marriott, Aravalli is a 158 room hotel with two restaurants and two bars.

January 23, 2024

Stocks To Watch: Zee Entertainment, ICICI Bank, Cipla, IDFC First Bank, Tata Motors and more

Zee Entertainment | $10 billion merger with Sony Pictures, in the works since 2021 stands terminated after Sony issued a termination notice to Zee. Sony said that merger did not close by the end date as closing conditions were not satisfied and it does not see any material impact on financials due to the termination. Sony has also demanded $90 million on alleged breach of terms. Zee says the board is evaluating all steps, including legal action. The stock is in the F&O ban.

ICICI Bank | Core operating profit growth of 10.3% year-on-year is the lowest in 17 quarters. NIMs at a five quarter low of 4.52%. Gross and Net NPA is the lowest in nine years or more. Deposit growth of 18.7% year-on-year is the second highest in 11 quarters but on a sequential basis, its the lowest in six quarters. RBI norms meant Risk-Weighted Assets to advances ratio is at a 14-quarter high.

cipla share price, cipla generics business, cipla generics business sale, Cipla Pharma and Life Sciences Limited, CPLS, cipla stock, cipla shares, cipla latest, latest on cipla, cipla stock exchange filing, cipla filing, cipla exchange filing, — Cipla | Top down beat on results with revenue, EBITDA and profit above estimates. The company has reported one of the highest ever profit margin. Adjusted profit would be ₹1,200 crore is adjusted for impairment of ₹195 crore. US business reports highest-ever sales of $230 million with 15th straight quarter of growth. US sales above $200 million for four quarters in a row. India business grew by 11.6% from last year, while North America grew by 19.8%.

persistent — Persistent Systems | Constant Currency revenue growth of 3.1%, higher than estimates of 2.6%. EBIT margin at 14.5% versus estimates of 14.1%. US Dollar revenue at $300.5 million, in-line with estimates of $298 million. Total Contract Value at $521.4 million, of which $277.4 million is net new. Board declared dividend of ₹32 per share and also approved a 2:1 stock split.

Coforge | Revenue growth of 1.8% is better than expectations of 1.5%. Adjusted EBITDA margin of 18% is in-line with estimates. Maintains constant currency revenue growth guidance of 13% to 16%. New orders up 13.1% sequentially at $354 million. Saw higher furloughs in BFSI segment in Q3. Travel has bottomed out as a segment, as per the management. Investing in scaling up verticals like healthcare, retail and CMT.

Colgate Palmolive India results — Colgate-Palmolive | Revenue of ₹1,396 crore, higher than estimate of ₹1,375 crore. EBITDA up 30% to ₹468.4 crore, higher than estimate of ₹434 crore. EBITDA margin of 33.6%, higher than estimate of 31.5%. Gross margins are up 630 basis points to 72.2%. Toothpaste segment achieved double-digit growth with positive volume expansion.

Zensar — Zensar Technologies | Furloughs in Q3 deeper and wider than those seen last year. Revenue impacted by seasonal furloughs. US Dollar revenue down 3.8% to $144.5 million. Net profit down 7% to ₹1671.7 crore. Management sees a mixed bag in terms of furloughs in Q4. Margins at 17.2% compared to management guidance of mid-teens.

IDFC First Bank | Net Interest Income up 30.5% year-on-year, while Net Interest margin at all-time high. Loan growth of 27.3% year-on-year, while deposit growth is up 32% from last year. Slippages rise sequentially to ₹1,422 crore from ₹1,354 crore.

tata motors auto expo — Tata Motors | To increase the price of its passenger vehicles by 0.7% average from February 1.