Today's Headlines :
T.me/AlliesFin
Economic Times :
📝 Central PSUs' buys from GeM rise by 36%, exceed target
📝 Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr
📝 Reliance makes fresh push for US license to import Venezuelan oil
📝 Lupin Q4 Results: Profit jumps 52% YoY to Rs 368 crore; revenue up 12%
📝 Muthoot Microfin Q4 Results: Profit jumps 27% to Rs 120 crore
📝 India, Ghana agree to operationalise UPI link in 6 months
📝 SBI invested Rs 714 crore in TCG’s Gurugram project
📝 Euro zone business activity grows at fastest pace in almost a year
📝 Ampin Energy secures Rs 292 crore from Swiss firm ResponsAbility
📝 Railways clocks 1.46% higher freight loading in April 2024
📝 Agritech startup Superplum raises $15 million from investors to expand fresh fruits business
📝 Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock
Business Standard :
📝 FSIB meet on May 21-22 to select State Bank of India's next chief
📝 GCPL posts loss after tax of Rs 1,893.21 cr in Q4; Rs 10 dividend announced
📝 KKR acquires Bengaluru-based medical devices company Healthium MedTech
📝 Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory
📝 TI Clean Mobility to raise Rs 580 crore from GEF Capital Partners
📝 Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit
📝 Quadria Capital picks up minority stake in NephroPlus for Rs 850 crore
📝 Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore
📝 Hexaware acquires US-based Softcrylic to strengthen data capabilities
📝 Coromandel expands agtech footprint, increases shareholding in Ecozen
📝 GST helped states earn 24% more than the old regime: FM Sitharaman
📝 Isro working on semi-cryogenic engine that uses liquid oxygen kerosene
📝 Top 3 Indian IT companies train over 775,000 in generative AI skills
📝 Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction
Financial Express :
📝 Govt removes import duty on chana, extends dutyfree imports of yellow pea
📝 Stricter disclosures by trusts likely, govt mulls changes in I-T Act
📝 Hindujas eyes $50 billion BFSI valuation
📝 India’s service activity growth slower in April but still highest in 14 years
📝 Agri credit surpasses target, rises 15% to Rs 24.83 trillion in FY24
📝 Grihum Housing’s FY24 PAT rises 21%
📝 InMobi’s Glance to more than double FY24 revenue, trim losses
Mint :
📝 Exxon, Chevron CEOs seek clear rules on US clean energy subsidies
📝 Gold prices rise due to weakened dollar and soft US jobs data, silver jumps 2.4%
📝 Indian airlines to capture half of international passenger traffic by FY28
📝 Britannia Industries eyes double-digit sales volume growth in FY25
📝 Slone Infosystems IPO subscribed over 78 times on day 2
📝 Jet Airways founder Naresh Goyal gets interim medical bail for two months
📝 Refractory Shapes IPO fully subscribed on day 1 amid strong retail interest
T.me/AlliesFin
Economic Times :
📝 Central PSUs' buys from GeM rise by 36%, exceed target
📝 Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr
📝 Reliance makes fresh push for US license to import Venezuelan oil
📝 Lupin Q4 Results: Profit jumps 52% YoY to Rs 368 crore; revenue up 12%
📝 Muthoot Microfin Q4 Results: Profit jumps 27% to Rs 120 crore
📝 India, Ghana agree to operationalise UPI link in 6 months
📝 SBI invested Rs 714 crore in TCG’s Gurugram project
📝 Euro zone business activity grows at fastest pace in almost a year
📝 Ampin Energy secures Rs 292 crore from Swiss firm ResponsAbility
📝 Railways clocks 1.46% higher freight loading in April 2024
📝 Agritech startup Superplum raises $15 million from investors to expand fresh fruits business
📝 Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock
Business Standard :
📝 FSIB meet on May 21-22 to select State Bank of India's next chief
📝 GCPL posts loss after tax of Rs 1,893.21 cr in Q4; Rs 10 dividend announced
📝 KKR acquires Bengaluru-based medical devices company Healthium MedTech
📝 Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory
📝 TI Clean Mobility to raise Rs 580 crore from GEF Capital Partners
📝 Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit
📝 Quadria Capital picks up minority stake in NephroPlus for Rs 850 crore
📝 Indian Bank Q4FY24 results: Net profit rises 55% to Rs 2,247 crore
📝 Hexaware acquires US-based Softcrylic to strengthen data capabilities
📝 Coromandel expands agtech footprint, increases shareholding in Ecozen
📝 GST helped states earn 24% more than the old regime: FM Sitharaman
📝 Isro working on semi-cryogenic engine that uses liquid oxygen kerosene
📝 Top 3 Indian IT companies train over 775,000 in generative AI skills
📝 Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction
Financial Express :
📝 Govt removes import duty on chana, extends dutyfree imports of yellow pea
📝 Stricter disclosures by trusts likely, govt mulls changes in I-T Act
📝 Hindujas eyes $50 billion BFSI valuation
📝 India’s service activity growth slower in April but still highest in 14 years
📝 Agri credit surpasses target, rises 15% to Rs 24.83 trillion in FY24
📝 Grihum Housing’s FY24 PAT rises 21%
📝 InMobi’s Glance to more than double FY24 revenue, trim losses
Mint :
📝 Exxon, Chevron CEOs seek clear rules on US clean energy subsidies
📝 Gold prices rise due to weakened dollar and soft US jobs data, silver jumps 2.4%
📝 Indian airlines to capture half of international passenger traffic by FY28
📝 Britannia Industries eyes double-digit sales volume growth in FY25
📝 Slone Infosystems IPO subscribed over 78 times on day 2
📝 Jet Airways founder Naresh Goyal gets interim medical bail for two months
📝 Refractory Shapes IPO fully subscribed on day 1 amid strong retail interest
🇮🇳Bharat India Daybook Stocks in News
Gujarat Gas: Profit at Rs 409.5 cr vs poll of Rs 326.0 cr, Revenue at Rs 4134.0 cr vs poll of Rs 4076.0 cr (Positive)
Arvind Smartspaces: Q4 profit at Rs 19.5 crore up by 86.1 % YoY, Revenue at Rs. 117 crore, up by 26.6 % YoY.
(Positive)
Muthoot MicroFin: Disbursals up 18% at ₹2,887.9 cr vs ₹2,447.5 cr, AUM up 32.4% at ₹12,193.5 cr vs ₹9,208.3 cr (YoY) (Positive)
GHCL Textiles: Revenues at Rs 286 Crores Vs Rs 244 Crores, Profit at Rs 10.26 Crores Vs Loss of Rs 0.01 Crores (YoY) (Positive)
Selan: Profit at Rs 12.2 cr vs Rs 5.4 cr, Revenue at Rs 56.3 cr vs poll of Rs 27.6 cr YoY (Positive)
Fusion Micro: Net Profit 1.33b Rupees Vs 1.15b, NII at Rs 646 cr vs Rs 501 cr (QoQ) (Positive)
Wipro: Company collaborates with Microsoft for Gen AI products (Positive)
Orient Electric: Company starts commercial production from greenfield manufacturing plant at Hyderabad, Telangana: (Positive)
Lupin: Company gets US FDA approval for Travoprost Ophthalmic Solution USP. (Positive)
HPCL: Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)
BPCL: Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)
Coromandel International: Company announced an increase in its investment in Ecozen, a climate-smart technology solutions provider. (Positive)
Olectra Green: Company has achieved a milestone by surpassing 10,000 units in its e-bus order book. (Positive)
Drone Destination: Company & IFFCO signs MOA to collaborate for drone spray over an area of up to 30 lakh acres (Positive)
Campus: India Ratings Upgrades Bank Facilities to ‘IND AA-’/Stable from ‘IND A+’/Positive (Positive)
Mastek: Announced its iConniX portfolio to enable Gen AI-led innovation across industries (Positive)
Tube Investment: Subsidiary TI Clean Mobility Private Limited entered into Securities Subscription Agreement with South Asia Growth lnvest lll LLC and South Asia EBT Trust lll for subscription (Positive)
Apcotex Inds: Net profit at Rs 15.31 crore vs Rs 23.21 crore down by 34 % YoY, Revenue at Rs. 311 crore, up by 21.3 % YoY. (Neutral)
Godrej CP: Operating Profit at Rs 785.0 cr vs poll of Rs 731.0 cr, Revenue at Rs 3385.0 cr vs poll of Rs 3327.0 cr (Neutral)
Lupin: Net profit at ₹359.4 cr vs poll of ₹498.9 cr, Revenue at Rs 4960 cr vs Rs 4430 cr (YoY). (Neutral)
Hindalco: Novelis: Net Income Excluding Special Items Up 2%; Adjusted EBITDA Up 28% YoY. (Neutral)
CG Power: Net profit at Rs 233.81 crore, down 45.14% year-on-year. Revenue up 15.18 % YoY. (Neutral)
Zee Media: Company announces cessation of Abhay Ojha as CEO (Neutral)
M&M Financial: April collection efficiency at 89%, Stage-3 & Stage-2 assets range bound MoM; April overall disbursement at ₹3,930 cr, up 4% (Neutral)
GHCL: Company approved Greenfield project for soda ash annual production capacity of 5.5M ton in Gujarat for 40B rupees (Neutral)
Bajaj Healthcare: Company appoints Dayashankar Patel as CFO of the company w.e.f. May 6, 2024 (Neutral)
Tamilnad Mercantile Bank: Hikes lending rates by 10-15 bps across tenures. (Neutral)
P&G Hygiene: MD LV Vaidyanathan Resigns – To pursue other interests (Neutral)
Solara Active: Meeting of the Rights Issue Committee of the Board on 9th May to consider Right issue (Neutral)
LTIMindtree: Company gets GST demand order of ₹155.7 cr for FY 2018-19
Route Mobile: Net profit at Rs 95.16 crore, down 8.5 % YoY. Revenue up 0.8% YoY.
*GHCL: Net Profit at Rs. 125 Cr vs Rs. 218 cr, Revenue at Rs. 820 crore vs Rs. 1119 crore YoY. (Negative)
DCM Shriram: Net profit down 36.9% at ₹117.8 cr vs ₹186.7, Revenue down 11.8% at ₹2,399.3 cr vs ₹2,720 cr (YoY)
KEC Int: ICRA Limited revised of the credit ratings to the Company’s Banking facilities. Assigns [ICRA] A+ (Stable) Downgraded from [ICRA]AA-
Gujarat Fluorochemicals: Net profit at Rs 101 crore, down by 70 percent, Revenue stood at Rs 1133 crore, lower by 23 percent
Gujarat Gas: Profit at Rs 409.5 cr vs poll of Rs 326.0 cr, Revenue at Rs 4134.0 cr vs poll of Rs 4076.0 cr (Positive)
Arvind Smartspaces: Q4 profit at Rs 19.5 crore up by 86.1 % YoY, Revenue at Rs. 117 crore, up by 26.6 % YoY.
(Positive)
Muthoot MicroFin: Disbursals up 18% at ₹2,887.9 cr vs ₹2,447.5 cr, AUM up 32.4% at ₹12,193.5 cr vs ₹9,208.3 cr (YoY) (Positive)
GHCL Textiles: Revenues at Rs 286 Crores Vs Rs 244 Crores, Profit at Rs 10.26 Crores Vs Loss of Rs 0.01 Crores (YoY) (Positive)
Selan: Profit at Rs 12.2 cr vs Rs 5.4 cr, Revenue at Rs 56.3 cr vs poll of Rs 27.6 cr YoY (Positive)
Fusion Micro: Net Profit 1.33b Rupees Vs 1.15b, NII at Rs 646 cr vs Rs 501 cr (QoQ) (Positive)
Wipro: Company collaborates with Microsoft for Gen AI products (Positive)
Orient Electric: Company starts commercial production from greenfield manufacturing plant at Hyderabad, Telangana: (Positive)
Lupin: Company gets US FDA approval for Travoprost Ophthalmic Solution USP. (Positive)
HPCL: Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)
BPCL: Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)
Coromandel International: Company announced an increase in its investment in Ecozen, a climate-smart technology solutions provider. (Positive)
Olectra Green: Company has achieved a milestone by surpassing 10,000 units in its e-bus order book. (Positive)
Drone Destination: Company & IFFCO signs MOA to collaborate for drone spray over an area of up to 30 lakh acres (Positive)
Campus: India Ratings Upgrades Bank Facilities to ‘IND AA-’/Stable from ‘IND A+’/Positive (Positive)
Mastek: Announced its iConniX portfolio to enable Gen AI-led innovation across industries (Positive)
Tube Investment: Subsidiary TI Clean Mobility Private Limited entered into Securities Subscription Agreement with South Asia Growth lnvest lll LLC and South Asia EBT Trust lll for subscription (Positive)
Apcotex Inds: Net profit at Rs 15.31 crore vs Rs 23.21 crore down by 34 % YoY, Revenue at Rs. 311 crore, up by 21.3 % YoY. (Neutral)
Godrej CP: Operating Profit at Rs 785.0 cr vs poll of Rs 731.0 cr, Revenue at Rs 3385.0 cr vs poll of Rs 3327.0 cr (Neutral)
Lupin: Net profit at ₹359.4 cr vs poll of ₹498.9 cr, Revenue at Rs 4960 cr vs Rs 4430 cr (YoY). (Neutral)
Hindalco: Novelis: Net Income Excluding Special Items Up 2%; Adjusted EBITDA Up 28% YoY. (Neutral)
CG Power: Net profit at Rs 233.81 crore, down 45.14% year-on-year. Revenue up 15.18 % YoY. (Neutral)
Zee Media: Company announces cessation of Abhay Ojha as CEO (Neutral)
M&M Financial: April collection efficiency at 89%, Stage-3 & Stage-2 assets range bound MoM; April overall disbursement at ₹3,930 cr, up 4% (Neutral)
GHCL: Company approved Greenfield project for soda ash annual production capacity of 5.5M ton in Gujarat for 40B rupees (Neutral)
Bajaj Healthcare: Company appoints Dayashankar Patel as CFO of the company w.e.f. May 6, 2024 (Neutral)
Tamilnad Mercantile Bank: Hikes lending rates by 10-15 bps across tenures. (Neutral)
P&G Hygiene: MD LV Vaidyanathan Resigns – To pursue other interests (Neutral)
Solara Active: Meeting of the Rights Issue Committee of the Board on 9th May to consider Right issue (Neutral)
LTIMindtree: Company gets GST demand order of ₹155.7 cr for FY 2018-19
Route Mobile: Net profit at Rs 95.16 crore, down 8.5 % YoY. Revenue up 0.8% YoY.
*GHCL: Net Profit at Rs. 125 Cr vs Rs. 218 cr, Revenue at Rs. 820 crore vs Rs. 1119 crore YoY. (Negative)
DCM Shriram: Net profit down 36.9% at ₹117.8 cr vs ₹186.7, Revenue down 11.8% at ₹2,399.3 cr vs ₹2,720 cr (YoY)
KEC Int: ICRA Limited revised of the credit ratings to the Company’s Banking facilities. Assigns [ICRA] A+ (Stable) Downgraded from [ICRA]AA-
Gujarat Fluorochemicals: Net profit at Rs 101 crore, down by 70 percent, Revenue stood at Rs 1133 crore, lower by 23 percent
*Cash Segment: Live trading session on Saturday, May 18 2024*
*Session 1: Live trading from Primary Site*
Normal Market open time === 09:15 hrs
Normal Market close time === 10:00 hrs
*Session 2: Live trading from DR Site*
Normal Market open time ==== 11:45 hrs
Normal Market close time ==== 12:40 hrs
Closing Session (12:50-13:00 hrs)
*Futures & Options Segment: Live trading session on Saturday, May 18 2024*
*Session 1: Live trading from Primary Site*
Normal Market open time === 09:15 hrs
Normal Market close time === 10:00 hrs
*Session 2: Live trading from DR Site*
Normal Market open time ==== 11:30 hrs
Normal Market close time ==== 12:30 hrs
*Session 1: Live trading from Primary Site*
Normal Market open time === 09:15 hrs
Normal Market close time === 10:00 hrs
*Session 2: Live trading from DR Site*
Normal Market open time ==== 11:45 hrs
Normal Market close time ==== 12:40 hrs
Closing Session (12:50-13:00 hrs)
*Futures & Options Segment: Live trading session on Saturday, May 18 2024*
*Session 1: Live trading from Primary Site*
Normal Market open time === 09:15 hrs
Normal Market close time === 10:00 hrs
*Session 2: Live trading from DR Site*
Normal Market open time ==== 11:30 hrs
Normal Market close time ==== 12:30 hrs
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 07-05-2024 :
T.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -2353* 😥
*INDEX FUT. : -1772*
*INDEX OPT. : -1131*
*STOCK FUT. : -137*
*STOCK OPT. : +687*
SEC. IN F&O BAN FOR, 08 MAY, 2024 :
*1. ABFRL 2. BALRAMCHIN 3. BIOCON 4. GMRINFRA 5. IDEA 6. SAIL 7. PNB 8. ZEEL*
*ADDITION : ZEEL, PNB*
*DELETION : NIL*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 07-MAY-2024 :
*FIIS : SELL -3,669 (13,727-17,396)* 😥
*DIIS : BUY +2,304 (13,202-10,898)* 😃
*BSE SENSEX : -383 (73,512)🔽*
*NSE NIFTY : -140 (22,303)🔽*
*BSE MIDCAP. : -798 (41,211)*🔽
*BSE SMLCAP. : -772 (45,921)*🔽
*B. CRUDE : $ 82.72* 🔽😊
*GOLD: $ 2,320=INR 71,350(10gr)*↔️😳
*SILVER : RS. 83,100 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.51 🔽 ☺️*
*7.10% NEW GOI '34 : 7.0931% (100.04)🔼☺️*
*7.18% GOI '33: 7.1284%(100.33)🔼☺️*
*7.18% GOI '37: 7.1794% (99.99)🔼😩*
T.me/AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -2353* 😥
*INDEX FUT. : -1772*
*INDEX OPT. : -1131*
*STOCK FUT. : -137*
*STOCK OPT. : +687*
SEC. IN F&O BAN FOR, 08 MAY, 2024 :
*1. ABFRL 2. BALRAMCHIN 3. BIOCON 4. GMRINFRA 5. IDEA 6. SAIL 7. PNB 8. ZEEL*
*ADDITION : ZEEL, PNB*
*DELETION : NIL*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 07-MAY-2024 :
*FIIS : SELL -3,669 (13,727-17,396)* 😥
*DIIS : BUY +2,304 (13,202-10,898)* 😃
*BSE SENSEX : -383 (73,512)🔽*
*NSE NIFTY : -140 (22,303)🔽*
*BSE MIDCAP. : -798 (41,211)*🔽
*BSE SMLCAP. : -772 (45,921)*🔽
*B. CRUDE : $ 82.72* 🔽😊
*GOLD: $ 2,320=INR 71,350(10gr)*↔️😳
*SILVER : RS. 83,100 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.51 🔽 ☺️*
*7.10% NEW GOI '34 : 7.0931% (100.04)🔼☺️*
*7.18% GOI '33: 7.1284%(100.33)🔼☺️*
*7.18% GOI '37: 7.1794% (99.99)🔼😩*
🇮🇳 Bharat India Daybook Stocks in News
*Jupiter Wagons:* Net profit at Rs 105 crore, Revenue at Rs. 1115 crore, up by 57 % YoY. (Positive)
*PB Fintech:* Net profit at Rs 60.19 cr vs loss Rs. 9.34 crore, revenue at Rs 1,090 cr vs Rs. 869 crore (YoY) (Positive)
*Bigbloc Construction:* Net profit Rs. 8.7 crore vs Rs. 5.6 crore, Revenue Rs. 68 crore vs Rs. 46.6 crore (YOY). (Positive)
*IRB Infra:* Net profit up 45.1% at ₹188.9 cr vs ₹130.2 cr (YoY), Revenue up 27.2% at ₹2,061.2 cr vs ₹1,620 cr (YoY) (Positive)
*JSW Energy:* Net profit up 22.5% at ₹345.3 cr vs ₹282 cr, Revenue up 3.2% at ₹2,755.9 cr vs ₹2,670 cr (YoY) (Positive)
*Latent View:* Net profit up 32.2% at ₹45.2 cr vs ₹34.2 cr (YoY), revenue up21.7% at ₹171.6 cr vs ₹141 cr (Positive)
*Dixon:* Company signs agreement with Nokia for development & manufacturing of telecom products (Positive)
*Tata Elxsi:* Company partners w/Arm to offer solutions for ARM processors (Positive)
*Infosys:* Company and ServiceNow further collaborate for generative AI-powered industry solutions. (Positive)
*Tata Motors:*Company’s JLR April UK sales up 19% at 5,627 units Vs 4,722 units YoY. (Positive)
*Jindal Staliness':* Company supplies special alloy steel sheets in DRDO’s SMART system for navy. (Positive)
*LTI Mindtree:* IBM to set up joint generative AI centre of excellence in India. (Positive)
*Macro tech Developers:* Company will launch in this fiscal 17 housing projects, having a revenue potential of Rs 12,000 crore. (Positive)
*Patel Eng:* Company and JV partner emerge as lowest bidder for irrigation project worth Rs 343 crore. (Positive)
*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)
*Century Text:* Net Profit down 4.4%at ₹160.3 cr vs ₹167.7 cr (YoY), Revenue up 71.7% at ₹1,686 cr vs ₹982 cr (YoY). (Neutral)
*Kajaria:* Net profit down 5.2% at ₹102.4 cr vs ₹108 cr (YoY), Revenue up 3% at ₹1,241 cr vs ₹1,205 cr (YoY) (Neutral)
*IGL:* reports Q4 earnings, profit down 2.4% at ₹383 cr vs ₹392 cr (QoQ), Revenue up 1.3% at ₹3,597 cr vs ₹3,550 cr (QoQ) (Neutral)
*CreditAccess:* Net profit up 33.9% at ₹397 cr vs ₹296.6 cr, NII up 42.3% at ₹881 cr vs ₹619.2 cr (YoY). (Neutral)
*UBL:* Net profit at ₹81.6 cr vs poll of ₹114 cr, Board proposes a dividend of ₹10/sh and appoints Jorn Kersten as Chief Financial Officer of the company (Neutral)
*Delta Corp:* Net profit up 41.4% at ₹72.4 cr vs ₹51.2 cr, Revenue down 3% at ₹194.8 cr vs ₹214.3 cr (YoY) (Neutral)
*Dr Reddy:* Net profit reported at Rs 1310 crore versus poll of Rs 1325 crore, EBITDA Margins at 26.4% versus poll of 28.0% (Neutral)
*Sasken:* Net profit up 0.6% at ₹17.2 cr vs ₹17.1 cr, Revenue up 5.8% at ₹109 cr vs ₹103 cr (YoY) (Neutral)
*Pidilite:* Net profit at ₹304.3 cr vs poll of ₹415 cr, Revenue at ₹2,901.9 cr vs poll of ₹2,810 cr (Neutral)
*DrReddys:* Company elevates MV Narasimham to the role of CFO w.e.f. August 1 (Neutral)
*M&M:* NCLT approves merger of arms Mahindra Heavy Engines, Wheelers & Trringo with Mahindra & Mahindra (Neutral)
*Hindustan Zinc:* Company announced an interim dividend of Rs 10 per equity share for the financial year 2024-25 (Neutral)
*Navin Fluorine:* Net profit down 48.4% at ₹70.4 cr vs ₹136.4 cr (YoY), Revenue down 13.6% at ₹602 cr vs ₹697 cr (YoY)
*Graphite:* Net profit down 45% at ₹16 cr vs ₹29 cr (YoY), Revenue down 12% at ₹720 cr vs ₹815 cr (YoY)
*Voltas:* Net profit down 22.8% at ₹110.6 cr vs ₹143.2 cr (YoY), Revenue at ₹4,202.9 cr vs poll of ₹3,827 cr.
*Chambal Fertilisers:* Net profit down 78.9% QoQ, revenue declines 39.2%
*Suraj Estate:* Net profit up 17.6% QoQ, revenue down 5.3%
*Jupiter Wagons:* Net profit at Rs 105 crore, Revenue at Rs. 1115 crore, up by 57 % YoY. (Positive)
*PB Fintech:* Net profit at Rs 60.19 cr vs loss Rs. 9.34 crore, revenue at Rs 1,090 cr vs Rs. 869 crore (YoY) (Positive)
*Bigbloc Construction:* Net profit Rs. 8.7 crore vs Rs. 5.6 crore, Revenue Rs. 68 crore vs Rs. 46.6 crore (YOY). (Positive)
*IRB Infra:* Net profit up 45.1% at ₹188.9 cr vs ₹130.2 cr (YoY), Revenue up 27.2% at ₹2,061.2 cr vs ₹1,620 cr (YoY) (Positive)
*JSW Energy:* Net profit up 22.5% at ₹345.3 cr vs ₹282 cr, Revenue up 3.2% at ₹2,755.9 cr vs ₹2,670 cr (YoY) (Positive)
*Latent View:* Net profit up 32.2% at ₹45.2 cr vs ₹34.2 cr (YoY), revenue up21.7% at ₹171.6 cr vs ₹141 cr (Positive)
*Dixon:* Company signs agreement with Nokia for development & manufacturing of telecom products (Positive)
*Tata Elxsi:* Company partners w/Arm to offer solutions for ARM processors (Positive)
*Infosys:* Company and ServiceNow further collaborate for generative AI-powered industry solutions. (Positive)
*Tata Motors:*Company’s JLR April UK sales up 19% at 5,627 units Vs 4,722 units YoY. (Positive)
*Jindal Staliness':* Company supplies special alloy steel sheets in DRDO’s SMART system for navy. (Positive)
*LTI Mindtree:* IBM to set up joint generative AI centre of excellence in India. (Positive)
*Macro tech Developers:* Company will launch in this fiscal 17 housing projects, having a revenue potential of Rs 12,000 crore. (Positive)
*Patel Eng:* Company and JV partner emerge as lowest bidder for irrigation project worth Rs 343 crore. (Positive)
*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)
*Century Text:* Net Profit down 4.4%at ₹160.3 cr vs ₹167.7 cr (YoY), Revenue up 71.7% at ₹1,686 cr vs ₹982 cr (YoY). (Neutral)
*Kajaria:* Net profit down 5.2% at ₹102.4 cr vs ₹108 cr (YoY), Revenue up 3% at ₹1,241 cr vs ₹1,205 cr (YoY) (Neutral)
*IGL:* reports Q4 earnings, profit down 2.4% at ₹383 cr vs ₹392 cr (QoQ), Revenue up 1.3% at ₹3,597 cr vs ₹3,550 cr (QoQ) (Neutral)
*CreditAccess:* Net profit up 33.9% at ₹397 cr vs ₹296.6 cr, NII up 42.3% at ₹881 cr vs ₹619.2 cr (YoY). (Neutral)
*UBL:* Net profit at ₹81.6 cr vs poll of ₹114 cr, Board proposes a dividend of ₹10/sh and appoints Jorn Kersten as Chief Financial Officer of the company (Neutral)
*Delta Corp:* Net profit up 41.4% at ₹72.4 cr vs ₹51.2 cr, Revenue down 3% at ₹194.8 cr vs ₹214.3 cr (YoY) (Neutral)
*Dr Reddy:* Net profit reported at Rs 1310 crore versus poll of Rs 1325 crore, EBITDA Margins at 26.4% versus poll of 28.0% (Neutral)
*Sasken:* Net profit up 0.6% at ₹17.2 cr vs ₹17.1 cr, Revenue up 5.8% at ₹109 cr vs ₹103 cr (YoY) (Neutral)
*Pidilite:* Net profit at ₹304.3 cr vs poll of ₹415 cr, Revenue at ₹2,901.9 cr vs poll of ₹2,810 cr (Neutral)
*DrReddys:* Company elevates MV Narasimham to the role of CFO w.e.f. August 1 (Neutral)
*M&M:* NCLT approves merger of arms Mahindra Heavy Engines, Wheelers & Trringo with Mahindra & Mahindra (Neutral)
*Hindustan Zinc:* Company announced an interim dividend of Rs 10 per equity share for the financial year 2024-25 (Neutral)
*Navin Fluorine:* Net profit down 48.4% at ₹70.4 cr vs ₹136.4 cr (YoY), Revenue down 13.6% at ₹602 cr vs ₹697 cr (YoY)
*Graphite:* Net profit down 45% at ₹16 cr vs ₹29 cr (YoY), Revenue down 12% at ₹720 cr vs ₹815 cr (YoY)
*Voltas:* Net profit down 22.8% at ₹110.6 cr vs ₹143.2 cr (YoY), Revenue at ₹4,202.9 cr vs poll of ₹3,827 cr.
*Chambal Fertilisers:* Net profit down 78.9% QoQ, revenue declines 39.2%
*Suraj Estate:* Net profit up 17.6% QoQ, revenue down 5.3%
*News Headlines from Business News Agencies:*
*Business Standard*
📝 L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15%
📝 Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues
📝 RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report
📝 Google launches Wallet app in India to help users store digital documents
📝 Sebi extends settlement scheme period till Jun 10 in stock option cases
📝 Pet insurance market in India to reach Rs 6,500 crore mark by 2025
📝 Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr
📝 Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO
📝 NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay
📝 TVS SCS wins new business deal for Eicher's bus facility in Baggad
📝 USFDA issues Form 483 with 1 inspectional observation to Cipla's Maha unit
📝 Rockwell Automation to expand in India with more factories, tech workers
*Economic Times*
📝 Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
📝 Serum Institute of India says it stopped manufacturing Covishield since December 2021
📝 India's data center industry set to double capacity by 2026, attract investments
📝 Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%
📝 Mercedes retreats to gas guzzlers as EVs fail to boost profit
📝 Bajaj Consumer Care to buyback 57.41 lakh equity shares at Rs 290 apiece
📝 China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
📝 Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore
📝 Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%
📝 Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals
📝 Muthoot Finance raises $650 million through US dollar bonds
*Mint*
📝 TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24%
📝 India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran
📝 Sebi tells investment advisors to share social media details every 6 months
📝 Sugar export ban to remain in place despite comfortable domestic stocks
📝 Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar
📝 Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure
📝 GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO in August
📝 Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion
📝 Aparna Purohit quits Amazon Prime Video after 8 years
📝 US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources
📝 Air India Express operations disrupted as crew reports sick
📝 RINL plant days away from shutdown due to coal supply crisis.
*Business Standard*
📝 L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15%
📝 Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues
📝 RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report
📝 Google launches Wallet app in India to help users store digital documents
📝 Sebi extends settlement scheme period till Jun 10 in stock option cases
📝 Pet insurance market in India to reach Rs 6,500 crore mark by 2025
📝 Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr
📝 Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO
📝 NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay
📝 TVS SCS wins new business deal for Eicher's bus facility in Baggad
📝 USFDA issues Form 483 with 1 inspectional observation to Cipla's Maha unit
📝 Rockwell Automation to expand in India with more factories, tech workers
*Economic Times*
📝 Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
📝 Serum Institute of India says it stopped manufacturing Covishield since December 2021
📝 India's data center industry set to double capacity by 2026, attract investments
📝 Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%
📝 Mercedes retreats to gas guzzlers as EVs fail to boost profit
📝 Bajaj Consumer Care to buyback 57.41 lakh equity shares at Rs 290 apiece
📝 China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
📝 Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore
📝 Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%
📝 Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals
📝 Muthoot Finance raises $650 million through US dollar bonds
*Mint*
📝 TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24%
📝 India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran
📝 Sebi tells investment advisors to share social media details every 6 months
📝 Sugar export ban to remain in place despite comfortable domestic stocks
📝 Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar
📝 Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure
📝 GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO in August
📝 Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion
📝 Aparna Purohit quits Amazon Prime Video after 8 years
📝 US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources
📝 Air India Express operations disrupted as crew reports sick
📝 RINL plant days away from shutdown due to coal supply crisis.
🇮🇳 *India Daybook – Stocks in News*
*Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383.8 cr (YoY) (Positive)
*Tata Power:* Net profit up 11.4 % at ₹1,045.6 cr vs ₹949.5 cr (YoY), Revenue up 27.2% at ₹15,846.6 cr vs ₹12,453.8 cr (YoY). (Positive)
*SKF:* Net profit up 42.6% at ₹175.2 cr vs ₹122.9 cr, Revenue up 9.9% at ₹1,203.4 cr vs ₹1,094.7 cr (YoY) (Positive)
*Godrej Agrovet:* Net profit at ₹65.5 cr vs ₹23.5 cr, Revenue up 1.9% at ₹2,134.3 cr vs ₹2,095 cr (YoY) (Positive)
*HomeFirst:* Net profit up 30.5% at ₹83.5 cr vs ₹64 cr, NII up 22.4% at ₹136.8 cr vs ₹111.8 cr (YoY) (Positive)
*India Shelter:* Net profit up 46.9% at ₹78 cr vs ₹53 cr, NII up 57.9% at ₹131.0 cr vs ₹83.0 cr (YoY) (Positive)
*GSPL:* Net profit up 22.2% at ₹663.1 cr vs ₹542.8 cr, Revenue up 5.9% at ₹4,522.2 cr vs ₹4,270.1 cr (YoY) (Positive)
*Vijaya Diagnostic:* Net profit up 21.7% at ₹33.7 cr vs 27.7 cr (YoY), Revenue up 28.3% at ₹155.2 cr vs ₹121 cr (YoY) (Positive)
*BSE:* Cons net profit up 20.7% at ₹106.9 cr vs ₹88.6 cr, revenue at ₹544.8 cr vs ₹259 cr (YoY) (Positive)
*Kalpataru:* Net profit up 20.7% at ₹169 cr vs ₹140 cr, Revenue up 22.3% at ₹5,971 cr vs ₹4,882 cr (YoY) (Positive)
*NBCC:* Company gets work orders worth ₹400 crore in Chhattisgarh & Kerala (Positive)
*TVS Supply Chain:* Company gets business deal for Eicher’s bus facility in Baggad (Positive)
*HDFC Life:* IRDAI has given its approval for the appointment of Keki Mistry as chairman of the board of the company. (Positive)
*Waaree Energies:* Company and Ecofy partner to provide solar rooftop project finance, making sustainability more accessible. (Positive)
*Infosys:* Company in pact with Yunex Traffic for digital transformation (Positive)
*Bank Baroda:* RBI conveyed to the bank its decision to lift restrictions on BoB World with immediate effect. (Positive)
*Wipro:* Company collaborates with Kognitos Inc to deploy Gen AI-based business automation solutions. (Positive)
*RVNL:* Company gets order worth ₹167.3 cr from South Eastern Railway. (Positive)
*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)
*Bajaj Consumer:* Net profit down 12.1% at ₹35.6 cr vs ₹40.5 cr (YoY), Revenue down 3.8% at ₹240 cr vs ₹249.4 cr (YoY) (Neutral)
*TVS Motors:* Net profit reported at Rs 485 crore versus poll of Rs 540 crore, EBITDA Margins at 11.3% versus poll of 18.1% (Neutral)
*Larsen:* Net profit reported at Rs 4396 crore versus poll of Rs 4267 crore, EBITDA Margins at 10.8% versus poll of 11.35% (Neutral)
*HG Infra:* Net profit up 11.2% at ₹190 cr vs ₹170.9 cr, Revenue up 11.3% at ₹1,708.2 cr vs ₹1,535.4 cr (YoY) (Neutral)
*Sula Vineyards:* Net profit down 4.2% at ₹13.6 cr vs 14.2 cr, Revenue up 8% at ₹131.7 cr vs ₹120 cr (YoY) (Neutral)
*PEL:* Net profit at ₹137.1 cr vs loss of ₹195.9 cr, Revenue up 16% at ₹2,473.3 cr vs ₹2,131.7 cr (YoY) (Neutral)
*WPIL:* Company to consider sub-division/split of equity shares of company on May 25, 2024 (Neutral)
*Bajaj Consumer:* Company to buy back shares at ₹290/sh; buyback up to ₹166 cr total size (Neutral)
*Reliance:* Company to acquire 100% stake in Reliance Chemicals for Rs 314.5 crore. (Neutral)
*Nucleus Soft:* Company appoints Surya Prakash Kanodia as CFO of the co w.e.f. May 8, 2024 (Neutral)
*Adani Power:* Gautam Adani and Rajesh Adani have revoked their pledged shares of Adani Power. (Neutral)
*ESAF:* Net profit down 57.2% at ₹43.4 cr vs ₹101.4 cr, NII up 18.4% at ₹590.7 cr vs ₹498.9 cr (YoY)
*Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383.8 cr (YoY) (Positive)
*Tata Power:* Net profit up 11.4 % at ₹1,045.6 cr vs ₹949.5 cr (YoY), Revenue up 27.2% at ₹15,846.6 cr vs ₹12,453.8 cr (YoY). (Positive)
*SKF:* Net profit up 42.6% at ₹175.2 cr vs ₹122.9 cr, Revenue up 9.9% at ₹1,203.4 cr vs ₹1,094.7 cr (YoY) (Positive)
*Godrej Agrovet:* Net profit at ₹65.5 cr vs ₹23.5 cr, Revenue up 1.9% at ₹2,134.3 cr vs ₹2,095 cr (YoY) (Positive)
*HomeFirst:* Net profit up 30.5% at ₹83.5 cr vs ₹64 cr, NII up 22.4% at ₹136.8 cr vs ₹111.8 cr (YoY) (Positive)
*India Shelter:* Net profit up 46.9% at ₹78 cr vs ₹53 cr, NII up 57.9% at ₹131.0 cr vs ₹83.0 cr (YoY) (Positive)
*GSPL:* Net profit up 22.2% at ₹663.1 cr vs ₹542.8 cr, Revenue up 5.9% at ₹4,522.2 cr vs ₹4,270.1 cr (YoY) (Positive)
*Vijaya Diagnostic:* Net profit up 21.7% at ₹33.7 cr vs 27.7 cr (YoY), Revenue up 28.3% at ₹155.2 cr vs ₹121 cr (YoY) (Positive)
*BSE:* Cons net profit up 20.7% at ₹106.9 cr vs ₹88.6 cr, revenue at ₹544.8 cr vs ₹259 cr (YoY) (Positive)
*Kalpataru:* Net profit up 20.7% at ₹169 cr vs ₹140 cr, Revenue up 22.3% at ₹5,971 cr vs ₹4,882 cr (YoY) (Positive)
*NBCC:* Company gets work orders worth ₹400 crore in Chhattisgarh & Kerala (Positive)
*TVS Supply Chain:* Company gets business deal for Eicher’s bus facility in Baggad (Positive)
*HDFC Life:* IRDAI has given its approval for the appointment of Keki Mistry as chairman of the board of the company. (Positive)
*Waaree Energies:* Company and Ecofy partner to provide solar rooftop project finance, making sustainability more accessible. (Positive)
*Infosys:* Company in pact with Yunex Traffic for digital transformation (Positive)
*Bank Baroda:* RBI conveyed to the bank its decision to lift restrictions on BoB World with immediate effect. (Positive)
*Wipro:* Company collaborates with Kognitos Inc to deploy Gen AI-based business automation solutions. (Positive)
*RVNL:* Company gets order worth ₹167.3 cr from South Eastern Railway. (Positive)
*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)
*Bajaj Consumer:* Net profit down 12.1% at ₹35.6 cr vs ₹40.5 cr (YoY), Revenue down 3.8% at ₹240 cr vs ₹249.4 cr (YoY) (Neutral)
*TVS Motors:* Net profit reported at Rs 485 crore versus poll of Rs 540 crore, EBITDA Margins at 11.3% versus poll of 18.1% (Neutral)
*Larsen:* Net profit reported at Rs 4396 crore versus poll of Rs 4267 crore, EBITDA Margins at 10.8% versus poll of 11.35% (Neutral)
*HG Infra:* Net profit up 11.2% at ₹190 cr vs ₹170.9 cr, Revenue up 11.3% at ₹1,708.2 cr vs ₹1,535.4 cr (YoY) (Neutral)
*Sula Vineyards:* Net profit down 4.2% at ₹13.6 cr vs 14.2 cr, Revenue up 8% at ₹131.7 cr vs ₹120 cr (YoY) (Neutral)
*PEL:* Net profit at ₹137.1 cr vs loss of ₹195.9 cr, Revenue up 16% at ₹2,473.3 cr vs ₹2,131.7 cr (YoY) (Neutral)
*WPIL:* Company to consider sub-division/split of equity shares of company on May 25, 2024 (Neutral)
*Bajaj Consumer:* Company to buy back shares at ₹290/sh; buyback up to ₹166 cr total size (Neutral)
*Reliance:* Company to acquire 100% stake in Reliance Chemicals for Rs 314.5 crore. (Neutral)
*Nucleus Soft:* Company appoints Surya Prakash Kanodia as CFO of the co w.e.f. May 8, 2024 (Neutral)
*Adani Power:* Gautam Adani and Rajesh Adani have revoked their pledged shares of Adani Power. (Neutral)
*ESAF:* Net profit down 57.2% at ₹43.4 cr vs ₹101.4 cr, NII up 18.4% at ₹590.7 cr vs ₹498.9 cr (YoY)
GIFT Nifty +86 pts (22159) from last trade 22073 ,
@AlliesFin
Nikkei +470 pts ,
Hangseng +132 pts ,
Dow +331.37 pts ,Nsdq +43.51 pts, S&P
+26.41 pts , Bovespa -1292 pts , Ftse +27 pts , Dax +188 pts , Cac +56 pts , Crude @ $79.68 brl (+0.42), Brent @ $83.88 brl (+0.00) , Gold @ 2354.20 (+13.90), Silver $28.605 (+0.24), Euro @ $1.0762, JPY @ $155.30, INR @ 83.455
*Today's Corporate Action*
*10th May Ex Date*
ABHISHEK
Resolution Plan -Suspension
APTECHT
Dividend - Rs. - 4.5000
DCBBANK
Dividend - Rs. - 1.2500
GKCONS
E.G.M.
GUJINTRX
Interim Dividend - Rs. - 7.0000
HDFCBANK
Final Dividend - Rs. - 19.5000
MAHABANK
Final Dividend - Rs. - 1.4000
RKFORGE
Interim Dividend - Rs. - 1.0000
TRIL
Dividend - Rs. - 0.2000
UCOBANK
Final Dividend - Rs. - 0.2800
*Today's Key Results/Board Meetings*
*10-May-24*
Tata Motors, Eicher Motors, Cipla, Union Bank of India, Bank of Baroda, Bank of India, ABB India, Bajaj Hindusthan Sugar, Dilip Buildcon, Aarti Industries, Finolex Industries, Kalyan Jewellers India, Dr Lal PathLabs, Polycab India, The Investment Trust Of India, and Thermax will release March quarter earnings on May 10
*Stock under F&O ban on NSE*
*10-May-24*
1 ABFRL
2 BALRAMCHIN
3 CANBK
4 GMRINFRA
5 IDEA
6 PEL
7 PNB
8 SAIL
9 ZEEL
@AlliesFin
Nikkei +470 pts ,
Hangseng +132 pts ,
Dow +331.37 pts ,Nsdq +43.51 pts, S&P
+26.41 pts , Bovespa -1292 pts , Ftse +27 pts , Dax +188 pts , Cac +56 pts , Crude @ $79.68 brl (+0.42), Brent @ $83.88 brl (+0.00) , Gold @ 2354.20 (+13.90), Silver $28.605 (+0.24), Euro @ $1.0762, JPY @ $155.30, INR @ 83.455
*Today's Corporate Action*
*10th May Ex Date*
ABHISHEK
Resolution Plan -Suspension
APTECHT
Dividend - Rs. - 4.5000
DCBBANK
Dividend - Rs. - 1.2500
GKCONS
E.G.M.
GUJINTRX
Interim Dividend - Rs. - 7.0000
HDFCBANK
Final Dividend - Rs. - 19.5000
MAHABANK
Final Dividend - Rs. - 1.4000
RKFORGE
Interim Dividend - Rs. - 1.0000
TRIL
Dividend - Rs. - 0.2000
UCOBANK
Final Dividend - Rs. - 0.2800
*Today's Key Results/Board Meetings*
*10-May-24*
Tata Motors, Eicher Motors, Cipla, Union Bank of India, Bank of Baroda, Bank of India, ABB India, Bajaj Hindusthan Sugar, Dilip Buildcon, Aarti Industries, Finolex Industries, Kalyan Jewellers India, Dr Lal PathLabs, Polycab India, The Investment Trust Of India, and Thermax will release March quarter earnings on May 10
*Stock under F&O ban on NSE*
*10-May-24*
1 ABFRL
2 BALRAMCHIN
3 CANBK
4 GMRINFRA
5 IDEA
6 PEL
7 PNB
8 SAIL
9 ZEEL
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Indian Overseas Bank clocks Q4 consolidated PAT of Rs 810.42 cr
📝 Escorts Kubota Q4 results: Net profit rises 16.37% to Rs 251.89 crore
📝 Happiest Minds to acquire US-based Aureus Tech Systems for $8.5 million
📝 Govt considers offering incentives for lithium processing: Report
📝 Commercial real estate rents surge 20% in Bengaluru, Pune, NCR, and Mumbai
📝 Nissan Motor upbeat on annual profit despite challenges from inflation
📝 ESAF SFB Q4 results: Net profit slips 57% to Rs 43 cr, NII up 18%
📝 Byju's slashes course fees by 30-40%, ups sales incentives by 50-100%
📝 Fitch affirms ratings of Axis, ICICI banks on supportive working conditions
📝 Legacy firms outperform modern, got 75% of PE-VC investments in 2023
📝 Tesla ramps up job cuts in China as sales slowdown bites, many depts hit
*Economic Times*
📝 HPCL Q4 Results: Net profit falls 25% YoY to Rs 2,709.31 crore; co announces 1:2 bonus issue
📝 NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
📝 Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
📝 Domestic tyre sale volumes expected to see moderate growth of 4-6 pc in FY25: Icra
📝 India Exim Bank sees 12.3% year-on-year goods exports growth in Q1 FY25
📝 Indian exports up in 115 nations out of 238 destinations in 2023-24
📝 Indian renewables may get costlier as RBI mulls changes
📝 India to begin producing 'T100' carbon fibre in 2.5 years: V K Saraswat
📝 RBI’s proposed project financing regulations not to impact REC profitability at all: CMD
📝 Jindal Poly Films questions the maintainability of class action suit
📝 IREDA incorporates subsidiary in GIFT City, Gujarat
*Mint*
📝 Asian Paints Q4 Results: Net profit up 1.3% to ₹1,275 crore
📝 Inflows in equity mutual funds fall 16% in April, shows AMFI data
📝 Titan anticipates stronger gold jewellery demand in H2FY25
📝 L&T sees FY25 as six-month period, tempers order intake, revenue expectations
📝 Titan anticipates stronger gold jewellery demand in H2FY25
📝 SBI Results Q4 result: Net profit rises 24% YoY to ₹20,698 crore, beats estimates
📝 India a great market for long-term investors, says Rakesh Sethia of HDFC AMC
📝 Venturi Partners acquires 5.12% stake in K12 Techno Services for ₹225 crore
📝 Air India Express fires 25 cabin crew members; 85 flights cancelled today
📝 BoE holds key interest rates at 16-year high-mark, moves closer to cuts
📝 RBI’s infra financing guidelines no cause for panic, says PNB after record Q4.
*Business Standard*
📝 Indian Overseas Bank clocks Q4 consolidated PAT of Rs 810.42 cr
📝 Escorts Kubota Q4 results: Net profit rises 16.37% to Rs 251.89 crore
📝 Happiest Minds to acquire US-based Aureus Tech Systems for $8.5 million
📝 Govt considers offering incentives for lithium processing: Report
📝 Commercial real estate rents surge 20% in Bengaluru, Pune, NCR, and Mumbai
📝 Nissan Motor upbeat on annual profit despite challenges from inflation
📝 ESAF SFB Q4 results: Net profit slips 57% to Rs 43 cr, NII up 18%
📝 Byju's slashes course fees by 30-40%, ups sales incentives by 50-100%
📝 Fitch affirms ratings of Axis, ICICI banks on supportive working conditions
📝 Legacy firms outperform modern, got 75% of PE-VC investments in 2023
📝 Tesla ramps up job cuts in China as sales slowdown bites, many depts hit
*Economic Times*
📝 HPCL Q4 Results: Net profit falls 25% YoY to Rs 2,709.31 crore; co announces 1:2 bonus issue
📝 NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
📝 Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
📝 Domestic tyre sale volumes expected to see moderate growth of 4-6 pc in FY25: Icra
📝 India Exim Bank sees 12.3% year-on-year goods exports growth in Q1 FY25
📝 Indian exports up in 115 nations out of 238 destinations in 2023-24
📝 Indian renewables may get costlier as RBI mulls changes
📝 India to begin producing 'T100' carbon fibre in 2.5 years: V K Saraswat
📝 RBI’s proposed project financing regulations not to impact REC profitability at all: CMD
📝 Jindal Poly Films questions the maintainability of class action suit
📝 IREDA incorporates subsidiary in GIFT City, Gujarat
*Mint*
📝 Asian Paints Q4 Results: Net profit up 1.3% to ₹1,275 crore
📝 Inflows in equity mutual funds fall 16% in April, shows AMFI data
📝 Titan anticipates stronger gold jewellery demand in H2FY25
📝 L&T sees FY25 as six-month period, tempers order intake, revenue expectations
📝 Titan anticipates stronger gold jewellery demand in H2FY25
📝 SBI Results Q4 result: Net profit rises 24% YoY to ₹20,698 crore, beats estimates
📝 India a great market for long-term investors, says Rakesh Sethia of HDFC AMC
📝 Venturi Partners acquires 5.12% stake in K12 Techno Services for ₹225 crore
📝 Air India Express fires 25 cabin crew members; 85 flights cancelled today
📝 BoE holds key interest rates at 16-year high-mark, moves closer to cuts
📝 RBI’s infra financing guidelines no cause for panic, says PNB after record Q4.
Maturity is when you know the other person is lying but you just smile and let it go...
🤝
🤝
WHY ARE FIIs SELLING INDIA
T.me/AlliesFin
*QUICK TAKE*: I think FIIs are not selling India because they have a worry on India. Yes, definitely there is a bit of profit booking going on, but more importantly they are selling India because they are selling EM equities in general. We are seeing that India dedicated foreign funds are continuing to get inflows and FIIs are buying primary equities while selling in secondary markets!
1) FIIs are putting in money in primary markets but pulling out of secondary markets: In FY25 TD FIIs have put in $1.7bn in primary markets and taken out $3.6bn from secondary markets. If they were turning -ve on India they would also reduce the participation in primary markets in my view. In this case the secondary market selling is primarily funding the primary market deployment.
2) FIIs are selling EM equities in general, not only India:– FIIs have been sellers in several EM markets, not only India. EM ex-China outflow is ~$8bn in the month of April vs India seeing $1.3bn outflows.
3) FII EM selling more on account of US yields going up: If you look at FII flows into EM equities it is quite linked to what the view on US rates is and understandably so! When yields in US tighten, there is less reason to hunt for better returns in EM markets and we see FII inflow in EM equities come off.
4) *Are FIIs selling India to buy China?* China is seeing buying from FIIs as you can see in the above chart and India is seeing selling. However, I would not say that FIIs are selling India to buy China! Reason for it is that India dedicated FII ETF funds are still seeing inflows (next point). China, Korea and Turkey are the only relatively large EM markets FIIs are buying…they are selling every other EM market. So, I would not take the selling by FIIs in India as an indication of FIIs taking a specific India call…I would take it as an EM issue and India is part of it!
5) *ETF data also indicates no India dedicated selling*: I usually track the foreign ETF data to figure out flow trends because with ETFs you can see daily inflows/outflows. This data shows that India dedicated foreign ETFs like iShares India ETF continue to see inflows! However, EM ETFs are seeing outflows.
T.me/AlliesFin
*QUICK TAKE*: I think FIIs are not selling India because they have a worry on India. Yes, definitely there is a bit of profit booking going on, but more importantly they are selling India because they are selling EM equities in general. We are seeing that India dedicated foreign funds are continuing to get inflows and FIIs are buying primary equities while selling in secondary markets!
1) FIIs are putting in money in primary markets but pulling out of secondary markets: In FY25 TD FIIs have put in $1.7bn in primary markets and taken out $3.6bn from secondary markets. If they were turning -ve on India they would also reduce the participation in primary markets in my view. In this case the secondary market selling is primarily funding the primary market deployment.
2) FIIs are selling EM equities in general, not only India:– FIIs have been sellers in several EM markets, not only India. EM ex-China outflow is ~$8bn in the month of April vs India seeing $1.3bn outflows.
3) FII EM selling more on account of US yields going up: If you look at FII flows into EM equities it is quite linked to what the view on US rates is and understandably so! When yields in US tighten, there is less reason to hunt for better returns in EM markets and we see FII inflow in EM equities come off.
4) *Are FIIs selling India to buy China?* China is seeing buying from FIIs as you can see in the above chart and India is seeing selling. However, I would not say that FIIs are selling India to buy China! Reason for it is that India dedicated FII ETF funds are still seeing inflows (next point). China, Korea and Turkey are the only relatively large EM markets FIIs are buying…they are selling every other EM market. So, I would not take the selling by FIIs in India as an indication of FIIs taking a specific India call…I would take it as an EM issue and India is part of it!
5) *ETF data also indicates no India dedicated selling*: I usually track the foreign ETF data to figure out flow trends because with ETFs you can see daily inflows/outflows. This data shows that India dedicated foreign ETFs like iShares India ETF continue to see inflows! However, EM ETFs are seeing outflows.
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🇮🇳Bharat India Daybook Stocks in News
*Suryoday:* Net profit up 56.3% at ₹60.8 cr vs ₹38.9 cr, NII up 28.9% at ₹270.8 cr vs ₹210.1 cr (YoY) (Positive)
*CAMS:* Net profit at ₹103 cr vs ₹74 cr, Revenue at ₹310 cr vs ₹249 cr (YoY). (Positive)
*Alkyl Amines:* Net profit at ₹38.5 cr vs ₹33.4 cr, Revenue at ₹357 cr vs ₹322 cr (YoY). (Positive)
*Venus Pipes:* Net profit at ₹25 cr vs ₹13.4 cr, Revenue at ₹224 cr vs ₹176 cr (YoY). (Positive)
*Abbott India:* Revenue up 7.1% at ₹1,438.6 cr vs ₹1,343.1 cr, EBITDA up 17.6% at ₹329.5 cr vs ₹280.1 cr (Positive)
*Solara Active Pharma:* Company to raise up to ₹449.95 crore via rights issue, issue price is ₹375/share (Positive)
*Brigade ENT:* Company to develop a residential project in Bengaluru, gross development value at ₹660 cr
(Positive)
*Infosys:* Company partners with ABB FIA Formula E World Championship as its official digital innovation partner (Positive)
*ICICI Pru Life:* April premium collection up by 28.13 percent YoY. (Positive)
*Max Life:* April premium collection up by 40.89 percent YoY. (Positive)
*SBI Life:* April premium collection up by 26.30 percent YoY. (Positive)
*LIC:* April premium collection up by 113.14 percent YoY. (Positive)
*BPCL:* Company announced 1:1 Bonus Issue (Positive)
*Relaxo:* Net profit down 3% at ₹61.4 cr vs ₹63.3 cr (YoY), Revenue down 2.3% at ₹747.2 Cr Vs ₹764.9 Cr (YoY) (Neutral)
*BPCL:* Net profit up 24.34% at ₹4224 cr (YoY), Revenue up 1.62 % at ₹1, 16,555 cr (YoY) (Neutral)
*Intellect Design:* Net Profit down 13.6%, revenue declines 3.3% QoQ (Neutral)
*Malappuram Finance:* Company SAYS RBI’S advisory reiterating limit of 20,000 rupees for disbursing cash loans would not hamper company’s business (Neutral)
*Tata Power:*Company plans to fund its cash flow for investments through internal accruals and debt, CEO and MD Praveer Sinha (Neutral)
*Tata Steel:* Company raises stake in arm Indian Steel & Wire to 98.61%. (Neutral)
*Paytm:* Company denies reports of lenders invoking loan guarantees as "factually incorrect" (Neutral)
*HDFC Life:* April premium collection up by 4.31 percent YoY. (Neutral)
*LIC:* Company gets GST, interest & penalty order worth Rs 127.69 cr including interest of Rs 114 cr. (Neutral)
*Bandhan Bank:* In talks to raise $250-million debt from IFC (Neutral)
*Orient Electric:* Net profit down 48% at ₹12.80 cr vs ₹24.6 cr (YoY), Revenue up 19.7% at ₹788 Cr Vs ₹658 Cr (YoY)
*Nitin Spinners:* Net Profit up 22.3% YoY, EBITDA down 51.8% YoY
*Suryoday:* Net profit up 56.3% at ₹60.8 cr vs ₹38.9 cr, NII up 28.9% at ₹270.8 cr vs ₹210.1 cr (YoY) (Positive)
*CAMS:* Net profit at ₹103 cr vs ₹74 cr, Revenue at ₹310 cr vs ₹249 cr (YoY). (Positive)
*Alkyl Amines:* Net profit at ₹38.5 cr vs ₹33.4 cr, Revenue at ₹357 cr vs ₹322 cr (YoY). (Positive)
*Venus Pipes:* Net profit at ₹25 cr vs ₹13.4 cr, Revenue at ₹224 cr vs ₹176 cr (YoY). (Positive)
*Abbott India:* Revenue up 7.1% at ₹1,438.6 cr vs ₹1,343.1 cr, EBITDA up 17.6% at ₹329.5 cr vs ₹280.1 cr (Positive)
*Solara Active Pharma:* Company to raise up to ₹449.95 crore via rights issue, issue price is ₹375/share (Positive)
*Brigade ENT:* Company to develop a residential project in Bengaluru, gross development value at ₹660 cr
(Positive)
*Infosys:* Company partners with ABB FIA Formula E World Championship as its official digital innovation partner (Positive)
*ICICI Pru Life:* April premium collection up by 28.13 percent YoY. (Positive)
*Max Life:* April premium collection up by 40.89 percent YoY. (Positive)
*SBI Life:* April premium collection up by 26.30 percent YoY. (Positive)
*LIC:* April premium collection up by 113.14 percent YoY. (Positive)
*BPCL:* Company announced 1:1 Bonus Issue (Positive)
*Relaxo:* Net profit down 3% at ₹61.4 cr vs ₹63.3 cr (YoY), Revenue down 2.3% at ₹747.2 Cr Vs ₹764.9 Cr (YoY) (Neutral)
*BPCL:* Net profit up 24.34% at ₹4224 cr (YoY), Revenue up 1.62 % at ₹1, 16,555 cr (YoY) (Neutral)
*Intellect Design:* Net Profit down 13.6%, revenue declines 3.3% QoQ (Neutral)
*Malappuram Finance:* Company SAYS RBI’S advisory reiterating limit of 20,000 rupees for disbursing cash loans would not hamper company’s business (Neutral)
*Tata Power:*Company plans to fund its cash flow for investments through internal accruals and debt, CEO and MD Praveer Sinha (Neutral)
*Tata Steel:* Company raises stake in arm Indian Steel & Wire to 98.61%. (Neutral)
*Paytm:* Company denies reports of lenders invoking loan guarantees as "factually incorrect" (Neutral)
*HDFC Life:* April premium collection up by 4.31 percent YoY. (Neutral)
*LIC:* Company gets GST, interest & penalty order worth Rs 127.69 cr including interest of Rs 114 cr. (Neutral)
*Bandhan Bank:* In talks to raise $250-million debt from IFC (Neutral)
*Orient Electric:* Net profit down 48% at ₹12.80 cr vs ₹24.6 cr (YoY), Revenue up 19.7% at ₹788 Cr Vs ₹658 Cr (YoY)
*Nitin Spinners:* Net Profit up 22.3% YoY, EBITDA down 51.8% YoY
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 10-05-2024 :
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -3595* 😥
*INDEX FUT. : -212*
*INDEX OPT. : -5060*
*STOCK FUT. : +1942*
*STOCK OPT. : -265*
SEC. IN F&O BAN FOR, 13 MAY, 2024 :
*1. BALRAMCHIN 2. CANBK 3. GMRINFRA 4. IDEA 5. HINDCOPPER 6. PNB 7. SAIL 8. ZEEL*
*ADDITION : HINDCOPPER*
*DELETION : PEL, ABFRL*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-MAY-2024 :
*FIIS : SELL -2,117 (11,603-13,720)* 😥
*DIIS : BUY +2,710 (10,678-7,968)* 😃
*BSE SENSEX : +260 (72,664)🔼*
*NSE NIFTY : +97 (22,055)🔼*
*BSE MIDCAP. : +332 (41,028)*🔼
*BSE SMLCAP. : +359 (45,397)*🔼
*B. CRUDE : $ 84.14* 🔼☺️
*GOLD: $ 2,367=INR 72,650(10gr)*🔼😃
*SILVER : RS. 84,700 (kg)(5pm)*🔼😃
*FOREX : RS. $ 83.49 🔼 🙂*
*7.10% NEW GOI '34 : 7.0794% (100.1350)🔽🙂*
*7.18% GOI '33: 7.1276%(100.3350)🔽🙂*
*7.18% GOI '37: 7.1652% (100.11)🔽🙂*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -3595* 😥
*INDEX FUT. : -212*
*INDEX OPT. : -5060*
*STOCK FUT. : +1942*
*STOCK OPT. : -265*
SEC. IN F&O BAN FOR, 13 MAY, 2024 :
*1. BALRAMCHIN 2. CANBK 3. GMRINFRA 4. IDEA 5. HINDCOPPER 6. PNB 7. SAIL 8. ZEEL*
*ADDITION : HINDCOPPER*
*DELETION : PEL, ABFRL*
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-MAY-2024 :
*FIIS : SELL -2,117 (11,603-13,720)* 😥
*DIIS : BUY +2,710 (10,678-7,968)* 😃
*BSE SENSEX : +260 (72,664)🔼*
*NSE NIFTY : +97 (22,055)🔼*
*BSE MIDCAP. : +332 (41,028)*🔼
*BSE SMLCAP. : +359 (45,397)*🔼
*B. CRUDE : $ 84.14* 🔼☺️
*GOLD: $ 2,367=INR 72,650(10gr)*🔼😃
*SILVER : RS. 84,700 (kg)(5pm)*🔼😃
*FOREX : RS. $ 83.49 🔼 🙂*
*7.10% NEW GOI '34 : 7.0794% (100.1350)🔽🙂*
*7.18% GOI '33: 7.1276%(100.3350)🔽🙂*
*7.18% GOI '37: 7.1652% (100.11)🔽🙂*
Current AUM
DIIs 66.7 lac crore
FIIs 66.3 lac crore
DIIs cross FIIs for the first time in India🇮🇳
Just a begining.. just 3 cr SIP investors and 9 cr unique Demat accounts have done this.
Imagine the number with 10 cr sips & 20 cr Demats
Keep the faith 🇮🇳
DIIs 66.7 lac crore
FIIs 66.3 lac crore
DIIs cross FIIs for the first time in India🇮🇳
Just a begining.. just 3 cr SIP investors and 9 cr unique Demat accounts have done this.
Imagine the number with 10 cr sips & 20 cr Demats
Keep the faith 🇮🇳
🇮🇳Bharat India Daybook Stocks via News
Piramal Pharma: Net profit at Rs 101.3 cr vs Rs 50.1 cr, Revenue up 18% at Rs 2,552.4 cr vs Rs 2,163.6 cr (YoY) (Positive)
ABB: Net profit at Rs 659 cr vs poll Rs 333 cr, Revenue at Rs 3,080.4 cr vs poll of Rs 2,880 cr (Positive)
NCL Ind: Net Profit at Rs 23.9 cr Vs Rs 9.8 cr, Revenue up 13.8% at Rs 495 cr vs Rs 435 cr (YoY) (Positive)
Kalyan Jewel: Net Profit at Rs 137 cr Vs Rs 70 cr, Revenue at Rs 4535 cr vs Rs 3382 cr (YoY) (Positive)
Thermax: Net Profit at Rs 188 cr Vs Rs 156 cr, Revenue at Rs 2764 cr vs Rs 2311 cr (YoY) (Positive)
DLink: Net Profit at Rs 25.1 cr Vs Rs 20.0 cr, Revenue at Rs 334 cr vs Rs 311 cr (YoY) (Positive)
DBL: Net Profit at Rs 3 cr Vs loss Rs 70 cr, Revenue up Rs 3366 cr vs Rs 2841 cr (YoY) (Positive)
Cholamandalam Financial: Profit up 27% at Rs 1,144 cr, NII up 32.3% at Rs 2614 cr QoQ. (Positive)
BEML: Net profit up 62.8% at ₹256.8 cr vs ₹157.7 cr, Revenue up 9.1% at ₹1,513.7 cr vs ₹1,387.9 cr (YoY) (Positive)
JK Cement: Net profit at ₹219.7 cr vs ₹107.7 cr, Revenue up 11.8% at ₹3,105.8 cr vs ₹2,777.9 cr (YoY) (Positive)
Ami Organics: Q4 Sl Net Profit Rs 32.1 cr Rupees Vs Rs 27.2 cr, Revenue at Rs 220 cr vs Rs 186 cr (YoY) (Positive)
Jupiter life: Profit up 187.4% at Rs 45 cr vs Rs 16 cr. YoY, Revenue up 19.9% at Rs 290 cr vs Rs 242 cr YoY (Positive)
Sharda Cropchem: Profit at Rs 143 cr vs Rs 5 cr. QoQ, Revenue up 107.5% at Rs 1,312 cr vs Rs 632 cr QoQ (Positive)
Dodla Dairy: Company Says Commenced Its Commercial Production at Dodderi Plant (Positive)
Lupin: Company re-launches Mirabegron Extended-Release Tablets in the US after the Court lifted the temporary restraining order (Positive)
Infosys: Company partners with ABB FIA Formula E World Championship as its official digital innovation partner (Positive)
Maruti Suzuki: Company expects over 30% jump in CNG vehicle sales at 6 lakh units in FY25 (Positive)
Railtel: Received work order from Central Warehouse corp worth Rs 51.53cr (Positive)
Power Grid: Wins bid for 2 Inter-State transmission system in Rajasthan (Positive)
HUDCO: Company in pact with SITCO for development of Surat Multi Modal Transportation Hub. (Positive)
Andhra Paper: Company in pact with Sweden-based Valmet AB for supply and commissioning of tissue paper production line (Positive)
Lemon Tree Hotels: Company signs pact for upcoming 60-room hotel in Bareilly, Uttar Pradesh. (Positive)
Zydus Lifesciences: Company gets USFDA approval for Dexamethasone Tablets (Positive)
Flair: Construction work starts for new factory in Valsad (Positive)
Reliance Infra: Arm acquires Utility Powertech (JV with NTPC) for Rs 66cr (Positive)
Aarti Ind: Net profit at Rs 132 cr vs poll of Rs 137 cr, Revenue at Rs 1,773 cr vs poll of Rs 1,886 cr (Neutral)
Eicher Motors: Net profit at Rs 983.3 cr vs poll of Rs 1,019 cr, Revenue at Rs 4,192 cr vs poll of Rs 4,204 cr (Neutral)
ITDC: Net profit at Rs 16.3 cr vs Rs 9.7 cr, Revenue at Rs 148.0 cr vs poll of Rs 154.0 cr (Neutral)
Bank India: Net profit up 7% at Rs 1,439 cr vs Rs 1,350 cr, NII up 7% at Rs 5,937 cr vs Rs 5,523 cr (YoY) (Neutral)
Novartis: Net profit down 41.6% at Rs 14.6 cr vs Rs 25 cr, Revenue up 6.7% at Rs 81.2 cr vs Rs 76.1 cr (YoY) (Neutral)
Finolex Ind: Net Profit at Rs 161 cr Vs Rs 158 cr, Revenue at Rs 1235 cr vs Rs 1140 cr (YoY) (Neutral)
JTL: Net profit at Rs 30 cr vs Rs 37 cr, Revenue at Rs 466 cr vs Rs 473 cr (YoY) (Neutral)
Advance Enzymes: Net Profit Down 11.6% At Rs 28.3 Cr Vs Rs 32 Cr, Revenue Up 13.8% At Rs 157.8 Cr Vs Rs 138.7 Cr (YoY) (Neutral)
Tata Motors: Net profit reported at Rs 17704 crore versus poll of Rs 7376 crore, Revenue reported at Rs 1.2 lakh crore versus poll of Rs 1.2 lakh crore (Neutral)
CCL Products: Net profit at ₹65.2 cr vs ₹85.3 cr, Revenue up 39.7% at ₹727.0 cr vs ₹520 cr (YoY) (Neutral)
Aditya Birla Fashion: Company arm, Clothing Retail, allots shares worth Rs 100 crore to company. (Neutral)
JSW Steel: April crude steel production up 0.4% YoY at 21.21 lakh tonnes, (Neutral)
Piramal Pharma: Net profit at Rs 101.3 cr vs Rs 50.1 cr, Revenue up 18% at Rs 2,552.4 cr vs Rs 2,163.6 cr (YoY) (Positive)
ABB: Net profit at Rs 659 cr vs poll Rs 333 cr, Revenue at Rs 3,080.4 cr vs poll of Rs 2,880 cr (Positive)
NCL Ind: Net Profit at Rs 23.9 cr Vs Rs 9.8 cr, Revenue up 13.8% at Rs 495 cr vs Rs 435 cr (YoY) (Positive)
Kalyan Jewel: Net Profit at Rs 137 cr Vs Rs 70 cr, Revenue at Rs 4535 cr vs Rs 3382 cr (YoY) (Positive)
Thermax: Net Profit at Rs 188 cr Vs Rs 156 cr, Revenue at Rs 2764 cr vs Rs 2311 cr (YoY) (Positive)
DLink: Net Profit at Rs 25.1 cr Vs Rs 20.0 cr, Revenue at Rs 334 cr vs Rs 311 cr (YoY) (Positive)
DBL: Net Profit at Rs 3 cr Vs loss Rs 70 cr, Revenue up Rs 3366 cr vs Rs 2841 cr (YoY) (Positive)
Cholamandalam Financial: Profit up 27% at Rs 1,144 cr, NII up 32.3% at Rs 2614 cr QoQ. (Positive)
BEML: Net profit up 62.8% at ₹256.8 cr vs ₹157.7 cr, Revenue up 9.1% at ₹1,513.7 cr vs ₹1,387.9 cr (YoY) (Positive)
JK Cement: Net profit at ₹219.7 cr vs ₹107.7 cr, Revenue up 11.8% at ₹3,105.8 cr vs ₹2,777.9 cr (YoY) (Positive)
Ami Organics: Q4 Sl Net Profit Rs 32.1 cr Rupees Vs Rs 27.2 cr, Revenue at Rs 220 cr vs Rs 186 cr (YoY) (Positive)
Jupiter life: Profit up 187.4% at Rs 45 cr vs Rs 16 cr. YoY, Revenue up 19.9% at Rs 290 cr vs Rs 242 cr YoY (Positive)
Sharda Cropchem: Profit at Rs 143 cr vs Rs 5 cr. QoQ, Revenue up 107.5% at Rs 1,312 cr vs Rs 632 cr QoQ (Positive)
Dodla Dairy: Company Says Commenced Its Commercial Production at Dodderi Plant (Positive)
Lupin: Company re-launches Mirabegron Extended-Release Tablets in the US after the Court lifted the temporary restraining order (Positive)
Infosys: Company partners with ABB FIA Formula E World Championship as its official digital innovation partner (Positive)
Maruti Suzuki: Company expects over 30% jump in CNG vehicle sales at 6 lakh units in FY25 (Positive)
Railtel: Received work order from Central Warehouse corp worth Rs 51.53cr (Positive)
Power Grid: Wins bid for 2 Inter-State transmission system in Rajasthan (Positive)
HUDCO: Company in pact with SITCO for development of Surat Multi Modal Transportation Hub. (Positive)
Andhra Paper: Company in pact with Sweden-based Valmet AB for supply and commissioning of tissue paper production line (Positive)
Lemon Tree Hotels: Company signs pact for upcoming 60-room hotel in Bareilly, Uttar Pradesh. (Positive)
Zydus Lifesciences: Company gets USFDA approval for Dexamethasone Tablets (Positive)
Flair: Construction work starts for new factory in Valsad (Positive)
Reliance Infra: Arm acquires Utility Powertech (JV with NTPC) for Rs 66cr (Positive)
Aarti Ind: Net profit at Rs 132 cr vs poll of Rs 137 cr, Revenue at Rs 1,773 cr vs poll of Rs 1,886 cr (Neutral)
Eicher Motors: Net profit at Rs 983.3 cr vs poll of Rs 1,019 cr, Revenue at Rs 4,192 cr vs poll of Rs 4,204 cr (Neutral)
ITDC: Net profit at Rs 16.3 cr vs Rs 9.7 cr, Revenue at Rs 148.0 cr vs poll of Rs 154.0 cr (Neutral)
Bank India: Net profit up 7% at Rs 1,439 cr vs Rs 1,350 cr, NII up 7% at Rs 5,937 cr vs Rs 5,523 cr (YoY) (Neutral)
Novartis: Net profit down 41.6% at Rs 14.6 cr vs Rs 25 cr, Revenue up 6.7% at Rs 81.2 cr vs Rs 76.1 cr (YoY) (Neutral)
Finolex Ind: Net Profit at Rs 161 cr Vs Rs 158 cr, Revenue at Rs 1235 cr vs Rs 1140 cr (YoY) (Neutral)
JTL: Net profit at Rs 30 cr vs Rs 37 cr, Revenue at Rs 466 cr vs Rs 473 cr (YoY) (Neutral)
Advance Enzymes: Net Profit Down 11.6% At Rs 28.3 Cr Vs Rs 32 Cr, Revenue Up 13.8% At Rs 157.8 Cr Vs Rs 138.7 Cr (YoY) (Neutral)
Tata Motors: Net profit reported at Rs 17704 crore versus poll of Rs 7376 crore, Revenue reported at Rs 1.2 lakh crore versus poll of Rs 1.2 lakh crore (Neutral)
CCL Products: Net profit at ₹65.2 cr vs ₹85.3 cr, Revenue up 39.7% at ₹727.0 cr vs ₹520 cr (YoY) (Neutral)
Aditya Birla Fashion: Company arm, Clothing Retail, allots shares worth Rs 100 crore to company. (Neutral)
JSW Steel: April crude steel production up 0.4% YoY at 21.21 lakh tonnes, (Neutral)
Aurobindo Pharma: U.S. FDA completes inspection at Unit VII of Apitoria Pharma with 1 observation (Neutral)
Bharat Petroleum: Company expects petrol demand growth to be 5% in the near term. (Neutral)
Wipro: Company appoints Vinay Firake as CEO for APMEA Strategic Market Unit. (Neutral)
Vedanta: Company unit buys additional 46.57% in Avanstrate for JPY12.2 bn (Neutral)
CDSL: The transaction charges of CDSL have been cut by 12% on weighted average basis (Neutral)
Prestige Estate: Company’s Venkata Narayana K resigns as CEO
PSB: Net profit down 70% at Rs 139.4 cr vs Rs 457 cr, NII up 1% at Rs 689.3 cr vs Rs 683.8 cr (YoY)
Neuland Labs: Net profit down 20% at Rs 67.6 cr vs Rs 84.5 cr, Revenue down 5.4% at Rs 385 cr vs Rs 407 cr (YoY)
TCI Express: Net profit down 17.9% at Rs 31.6 cr vs Rs 38.5 cr, Revenue down 2.8% at Rs 317.1 cr vs Rs 326.3 cr (YoY)
VIP Ind: Net loss at Rs 24 cr vs Rs 4 cr, Revenue up 14.6% at Rs 516 cr vs Rs 451 cr (YoY)
APL Apollo: Net Profit Down 15.6% At Rs 170.4 Cr Vs Rs 201.8 Cr, Revenue Up 7.6% At Rs 4,765.7 Cr Vs Rs 4,431 Cr (YoY)
Meghmani Organics: Net Loss At Rs 18 Cr Vs Profit Of Rs 54.1 Cr,-Revenue Down 29% At Rs 410 Cr Vs Rs 574 Cr (YoY)
Fortis Healthcare; Company receives notice from CBI and Anti-corruption branch
Bharat Petroleum: Company expects petrol demand growth to be 5% in the near term. (Neutral)
Wipro: Company appoints Vinay Firake as CEO for APMEA Strategic Market Unit. (Neutral)
Vedanta: Company unit buys additional 46.57% in Avanstrate for JPY12.2 bn (Neutral)
CDSL: The transaction charges of CDSL have been cut by 12% on weighted average basis (Neutral)
Prestige Estate: Company’s Venkata Narayana K resigns as CEO
PSB: Net profit down 70% at Rs 139.4 cr vs Rs 457 cr, NII up 1% at Rs 689.3 cr vs Rs 683.8 cr (YoY)
Neuland Labs: Net profit down 20% at Rs 67.6 cr vs Rs 84.5 cr, Revenue down 5.4% at Rs 385 cr vs Rs 407 cr (YoY)
TCI Express: Net profit down 17.9% at Rs 31.6 cr vs Rs 38.5 cr, Revenue down 2.8% at Rs 317.1 cr vs Rs 326.3 cr (YoY)
VIP Ind: Net loss at Rs 24 cr vs Rs 4 cr, Revenue up 14.6% at Rs 516 cr vs Rs 451 cr (YoY)
APL Apollo: Net Profit Down 15.6% At Rs 170.4 Cr Vs Rs 201.8 Cr, Revenue Up 7.6% At Rs 4,765.7 Cr Vs Rs 4,431 Cr (YoY)
Meghmani Organics: Net Loss At Rs 18 Cr Vs Profit Of Rs 54.1 Cr,-Revenue Down 29% At Rs 410 Cr Vs Rs 574 Cr (YoY)
Fortis Healthcare; Company receives notice from CBI and Anti-corruption branch
News Headlines from Business News Agencies:
Business Standard
📝 Tata Motors Q4 results: Net profit rises over three-fold to Rs 17,407 cr
📝 Tata Power to sell green energy to group companies, MNCs: Praveer Sinha
📝 Uttar Pradesh govt plans to promote agri startups, introduce AI in farming
📝 Southern India tackles water scarcity as reservoir levels down at 15%: CWC
📝 Wipro appoints Vinay Firake as CEO of APMEA strategic market unit
📝 IDBI Bank to increase tech spend to 8-9% of operating expenditure
📝 Next round of talks for India-Asean trade agreement review in July
📝 Flipkart introduces new rate card policy to enhance the seller experience
📝 Sundaram-Clayton Q4 results: PAT at Rs 20.73 cr, total income at Rs 540 cr
📝 SAIL-Bhilai to set up Chhattisgarh's first 15-Mw floating solar plant
📝 Auditor of Zomato Hyperpure, Blink Commerce resigns with immediate effect
📝 Space industry offers good opportunity for private players: Isro chief
📝 India needs to focus on market reforms to achieve double digit growth: ADB
Economic Times
📝 Cipla Q4 Results: Profit soars 79% YoY to Rs 939 crore; dividend declared at Rs 13 per share
📝 M3M to lease 1.5 million sq ft of commercial space in 2024-25
📝 RBI likely to transfer Rs 1 trillion to govt in FY25
📝 NCLT admits insolvency resolution application against Indira Container Terminal
📝 Grew Energy to set up 3.2 GW module plant in J&K
📝 India's forex reserves up by $3.66 bn to $641.59 bn as of May 03 after 3 weeks slump
📝 Voda Idea's Rs 18,000-crore FPO a significant milestone, says CEO Akshaya Moondra
📝 Zomato, Swiggy Instamart clock record orders on Mother's Day, beat New Year's Eve numbers
📝 Fitch Ratings affirms EXIM Bank's rating; outlook stable
📝 Indian Hotels and CG Hospitality extend partnership to step up presence in experiential segment
📝 FMCG companies expect volume growth in FY25 with improvement in revenue
📝 Gold loan market thriving in Indian states; Unimoni eyes Rs 1,000 crore loan book by FY25
Mint
📝 Bank of Baroda Q4 net profit rises 2.3% YoY to ₹4,886.5 crore
📝 NCLAT asks Google, CCI to respond to firms challenging Play Store billing policy
📝 PNB plans $898 million capital raise via QIP for institutional investors
📝 Tata Motors erases domestic debt, targets net-cash goal for JLR in FY25
📝 Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power
📝 JSW Group's Leadership Role in Transforming the Steel Industry
📝 Apple accelerates AI ambitions with custom chips and cloud servers: Report
📝 ReNew Energy Global Plc. has signed five deals to sell 2.2 GW of renewable energy capacity
📝 India eyes new export markets as trade with traditional partners declines
📝 JK Cement Q4 results: Net profit rises 101% to ₹220 crore
📝 India’s influencer marketing industry to swell to ₹34 billion by 2026
📝 Vistara, Air India step in as Air India Express attempts to stabilize operations
Business Standard
📝 Tata Motors Q4 results: Net profit rises over three-fold to Rs 17,407 cr
📝 Tata Power to sell green energy to group companies, MNCs: Praveer Sinha
📝 Uttar Pradesh govt plans to promote agri startups, introduce AI in farming
📝 Southern India tackles water scarcity as reservoir levels down at 15%: CWC
📝 Wipro appoints Vinay Firake as CEO of APMEA strategic market unit
📝 IDBI Bank to increase tech spend to 8-9% of operating expenditure
📝 Next round of talks for India-Asean trade agreement review in July
📝 Flipkart introduces new rate card policy to enhance the seller experience
📝 Sundaram-Clayton Q4 results: PAT at Rs 20.73 cr, total income at Rs 540 cr
📝 SAIL-Bhilai to set up Chhattisgarh's first 15-Mw floating solar plant
📝 Auditor of Zomato Hyperpure, Blink Commerce resigns with immediate effect
📝 Space industry offers good opportunity for private players: Isro chief
📝 India needs to focus on market reforms to achieve double digit growth: ADB
Economic Times
📝 Cipla Q4 Results: Profit soars 79% YoY to Rs 939 crore; dividend declared at Rs 13 per share
📝 M3M to lease 1.5 million sq ft of commercial space in 2024-25
📝 RBI likely to transfer Rs 1 trillion to govt in FY25
📝 NCLT admits insolvency resolution application against Indira Container Terminal
📝 Grew Energy to set up 3.2 GW module plant in J&K
📝 India's forex reserves up by $3.66 bn to $641.59 bn as of May 03 after 3 weeks slump
📝 Voda Idea's Rs 18,000-crore FPO a significant milestone, says CEO Akshaya Moondra
📝 Zomato, Swiggy Instamart clock record orders on Mother's Day, beat New Year's Eve numbers
📝 Fitch Ratings affirms EXIM Bank's rating; outlook stable
📝 Indian Hotels and CG Hospitality extend partnership to step up presence in experiential segment
📝 FMCG companies expect volume growth in FY25 with improvement in revenue
📝 Gold loan market thriving in Indian states; Unimoni eyes Rs 1,000 crore loan book by FY25
Mint
📝 Bank of Baroda Q4 net profit rises 2.3% YoY to ₹4,886.5 crore
📝 NCLAT asks Google, CCI to respond to firms challenging Play Store billing policy
📝 PNB plans $898 million capital raise via QIP for institutional investors
📝 Tata Motors erases domestic debt, targets net-cash goal for JLR in FY25
📝 Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power
📝 JSW Group's Leadership Role in Transforming the Steel Industry
📝 Apple accelerates AI ambitions with custom chips and cloud servers: Report
📝 ReNew Energy Global Plc. has signed five deals to sell 2.2 GW of renewable energy capacity
📝 India eyes new export markets as trade with traditional partners declines
📝 JK Cement Q4 results: Net profit rises 101% to ₹220 crore
📝 India’s influencer marketing industry to swell to ₹34 billion by 2026
📝 Vistara, Air India step in as Air India Express attempts to stabilize operations