*News Headlines from Business News Agencies:*

*Business Standard*

📝 Bajaj Finance Q3 results: Net profit jumps 22.4% to Rs 3,639 crore
📝 Byju's to raise $200 million via rights issue from existing investors
📝 Union Budget 2024: India likely to register 7% economic growth in FY25
📝 Chhattisgarh's Raipur Municipal Corporation plans to issue green bonds
📝 Murugappa Group's finance firm Chola expects AUM growth of 20-25% in FY25
📝 Amara Raja chief Galla takes break from politics to focus on business
📝 Elections for 56 Rajya Sabha seats in 15 states to be held on February 27
📝 Switzerland-based responsAbility to invest up to $25 million in BluSmart
📝 TN economy to be worth $2.6 trn by FY48, needs $111 bn investment: Study
📝 Companies cautious about GenAI over data privacy, security: Report
📝 AstraZeneca to import critical drugs to India, focus on cancer therapies
📝 Fossil announces exit from smartwatch market to focus on core lifestyle biz

*Economic Times*

📝 Sunteck Realty inks pacts for Rs 3,000 crore projects in Mumbai’s Nepean Sea Road, Bandra
📝 India’s employable youth up from 33.9% in 2014 to 51.3% in 2024: DEA
📝 Adani Energy Solutions Q3 results: Net profit down 27% at Rs 348 crore
📝 Rolls-Royce inks seven-year deal with Azad Engineering for military aircraft engine components
📝 Samsung to start making laptops in India this year: TM Roh
📝 Loans from small time borrowers surge post COVID: Report
📝 Polaris Smart Metering gets Rs 5,200 crore smart meter project in Uttar Pradesh
📝 Inox Wind 3 MW WTGs make entry in MNRE's list of approved turbines
📝 VA Tech Wabag & Peak Sustainability Ventures to set up 100 bio-CNG plants
📝 AISTA's 1st estimate pegs sugar output 4 pc lower at 31.6 mn tons for 2023-24 season
📝 Toyota suspends shipments of 10 models on testing irregularities
📝 Deal wins make us extremely bullish for FY2025: Warren Kevin Harris, Tata Tech

*Mint*

📝 BPCL Q3 results: Net profit surges 82% to ₹3,181.42 crore
📝 GAIL Q3 results: Net profit jumps 703% YoY to ₹3,193.3 crore
📝 Relief for SpiceJet as NCLT dismisses Wilmington Trust's insolvency plea
📝 Brazilian market poised to welcome Indian dairy products
📝 BEL Q3 results: Net profit at ₹859.6 crore, margin stood at 26%
📝 UltraTech commissions 2.6 mtpa Greenfield grinding capacity at Rajpura, Punjab
📝 India Stock Market: Jefferies expects FPI inflows to improve in CY24
📝 Evergrande faces imminent liquidation after talks with top creditors break down
📝 India to be a $7 trillion economy by 2030: Finance Ministry
📝 Adani Green Energy secures funding for $750 million Holdco Bond redemption
📝 JSW Steel expects local sales, exports to rise in March quarter
📝 CSB Bank Q3 results: Net profit down 3.9% to ₹150 crore

*🇮🇳India Daybook – Stocks in News*


*JP Power:* Net Profit at Rs 173 cr vs loss Rs 213 cr, Revenue at Rs 2190 cr vs Rs 1200 cr (YoY) (Positive)

*UTI AMC:* Net Profit at Rs 185.7 cr vs Rs 60.4 cr, Revenue at Rs 449.0 cr vs Rs 295.0 cr (YoY) (Positive)

*Nippon AMC:* Net Profit at Rs 284.3 cr vs Rs 205.0 cr, Revenue at Rs 423.3 cr vs Rs 353.8 cr (YoY) (Positive)

*AB AMC:* Net Profit at Rs 209 cr vs Rs 166 cr, Revenue at Rs 341 cr vs Rs 314 cr (YoY) (Positive)

*Heritage Foods:* Net Profit at Rs 26.9 cr vs Rs 13.7 cr, Revenue at Rs 941 cr vs Rs 786 cr (YoY) (Positive)

*Godfrey:* Net Profit at Rs 212.3 cr vs Rs 199.0 cr, Revenue at Rs 1235.0 cr vs Rs 909.0 cr (YoY) (Positive)

*Bhageria:* Net Profit at Rs 8.23 cr vs Rs 3.73 cr, Revenue at Rs 111.9 cr vs Rs 93.7 cr (YoY) (Positive)

*Asian Energy:* Net Profit at Rs 13.7 cr vs loss Rs 10.4 cr, Revenue at Rs 94.8 cr vs Rs 28.9 cr (YoY) (Positive)

*CLS Finance:* Net Profit at Rs 16.7 cr vs Rs 11.9 cr, Revenue at Rs 39.5 cr vs Rs 28.6 cr (YoY) (Positive)

*Nuvoco:* Net Profit at Rs 56.8 cr vs loss Rs 100.7 cr, Revenue at Rs 2432 cr vs Rs 2608 cr (YoY) (Positive)

*Venus Pipes:* Net Profit at Rs 23.3 cr vs Rs 11.2 cr, Revenue at Rs 207 cr vs Rs 136 cr (YoY) (Positive)

*Petronet:* Revenue reported at Rs 14747 cr versus poll Rs 13507 cr, Net profit reported at Rs 1196 cr versus poll Rs 827 cr (Positive)

*Marico:* Revenue reported at Rs 2422 cr versus poll Rs 2420 cr, Net profit reported at Rs 386 cr versus poll Rs 366 cr (Positive)

*Powermech:* Company gets orders worth Rs 644.9 crore from RVNL, Neyveli Uttar Pradesh Power. (Positive)

*Inox Wind:* Government includes 3 megawatt wind turbine generators of InoxWind in its revised list of models and manufacturers. (Positive)

*GAIL:* Company seeks 7-8 mn tn/yr LNG via long term contracts. GAIL inks long-term purchase pact with ADNOC Gas. (Positive)

*Reliance:* Jio added 34.5 lakh subscribers during the November (Positive)

*Sunteck Realty:* Company to develop projects at Nepean Sea Road, Bandra Bandstand. (Positive)

*IGL:* LIC raises stake in Indraprastha Gas to 9.35% from 7.3% (Positive)

*Container Corp:* Company and IOC signs MoU to collaborate upon and mutually explore certain opportunities in areas for use of LNG as a fuel and in petrochemical & other container logistics requirements (Positive)

*Ajmera Realty:* Company has announced that the Section 7 petition filed by Edelweiss ARC against the company has been dismissed by NCLT (Positive)

*Somany Ceramics:* Company has started commercial production at its subsidiary, Somany Max Private Limited's new manufacturing facility in Gujarat (Positive)

*Krsnaa Diagnostics:* Company is set to provide MRI and CT Scan services in 17 district hospitals in Maharashtra (Positive)

*Ganesh Benzoplast:* Subsidiary has won an arbitration award against Indorama worth of Rs. 19 Cr, with an additional future interest of 12% per annum (Positive)

*Prakash Industries:* Company has paid Rs. 32.62 Crores to the Forest Department for its Bhaskarpara Commercial Coal Mine in Chhattisgarh. (Positive)

*Nazara Technologies:* Company has successfully acquired 100% equity share capital of Comic Con India Private Limited (Positive)

*Tata Power:* Company’s renewable unit achieves a breakthrough with the commissioning of a 1040 kW Bifacial Solar System in West Bengal. (Positive)

*CDSL:* Invesco Contra Funds increased stake in Central Depository Services to 2.02% from 1.71%. (Positive)

*Vertoz:* Elara Capital name appears in Vertoz Advertising Ltd. with 2.65% (Positive)

*KEC International:* Company said it has secured orders worth Rs 1,304 crore across various businesses. (Positive)

*LaurusLabs:* Company inks pact with Slovenia-based drug maker Krka to set up joint venture firm in Hyderabad. (Positive)

*Praveg:* Societe Generale Funds name appears in Praveg Ltd. with 1.03% (Positive)

*Coal India:* Company emerged as lowest bidder for 300 megawatt solar project in Khavda, Gujarat (Positive)

*Defense Stocks:* India and France collaborate on joint defense equipment production, focusing on helicopters and submarines for the Indian armed forces and friendly nations. (Positive)

*Havells India:* Company has approved a $20 million investment in its wholly-owned subsidiary, Havells International Inc (Neutral)

*Garware Fibres:* The company's Board of Directors has approved a buyback of up to 5,25,000 equity shares at a price of INR 3,800 per share (Neutral)

*Lumax Auto Tech:* Company has acquired 100% equity stake in Lumax Ancillary Limited, making it a wholly owned subsidiary. (Neutral)

*Tata Steel:* Company expects the Netherlands facility to turn Ebitda positive in FY25, as another blast furnace would start operations by January-end. (Neutral)

*Adani Energy:* Rohit Soni to relinquish role as CFO effective April 1, Kunjal Mehta to take over. (Neutral)

*Tips Industries:* Promoters sell 5% stake in the company to SBI Mutual Fund for Rs 244 crore. (Neutral)

*Mahindra Logistics:* Net Loss at ₹16.4 cr vs ₹15.5 cr, Revenue up 5.1% at ₹1,397.2 vs ₹1,329.6 cr (YoY) (Neutral)

*Advani Hotels:* Net Profit at Rs 9.3 cr vs Rs 8.7 cr, Revenue at Rs 322 cr vs Rs 290 cr (YoY) (Neutral)

*Vodafone:* Net loss at Rs 6986 cr vs poll of Rs 7614 cr, Revenue at Rs 10673 cr vs Rs 11016 cr (YoY) (Neutral)

*ITC:* Revenues reported at Rs 17652 crore versus poll Rs 17050 crore, Net profit reported at Rs 5572 crore versus of poll Rs 5130 crore (Neutral)

*Bajaj Finance:* NII reported at Rs 7655 crore versus poll Rs 7610 crore, Net profit reported at Rs 3639 crore versus of poll Rs 3591 crore (Neutral)

*PEL:* Net loss of ₹2,377.6 cr vs profit of ₹3,545.4 cr, Revenue down 11.9% At ₹2,475.7 Cr Vs ₹2,811.2 Cr. Exceptional loss at ₹3,339.8 cr (YoY)

*NTPC:* Net Profit up 2.1% at ₹4,571.9 cr vs ₹4,476.3 cr (YoY) Revenue down 4.7% at ₹39,455.3 cr vs ₹41,410.5 cr (YoY)

🚨🚨 Starting Feb 1, customers may be able to transfer up to *₹5 lakhs using IMPS*, without adding beneficiary details.

This may lead to the *popularisation of the MMID method* — which involves a unique 7-digit number issued by banks for mobile banking access.

Here's how

https://www.cnbctv18.com/personal-finance/imps-new-rule-february-1-what-is-mmid-steps-to-transfer-send-money-payment-18924021.htm?

*🇮🇳India Daybook – Stocks in News*


*Cochin Shipyard:* Net Profit at Rs 244.4 cr vs Rs 110.4 cr, Revenue at Rs 1056 cr vs Rs 642 cr (YoY) (Positive)

*PB Fintech:* Net profit at ₹37.2 cr vs loss of ₹87.6 cr, Revenue up 42.7% at ₹870.9 cr vs ₹610.1 cr (YoY) (Positive)

*Kaynes tech:* Net Profit at Rs 45.2 cr vs Rs 32.3 cr, Revenue at Rs 509 cr vs Rs 361 cr (QoQ) (Positive)

*JBM Auto:* Net Profit at Rs 48.7 cr vs Rs 34.3 cr, Revenue at Rs 1346 cr vs Rs 953 cr (YoY) (Positive)

*Star Health:* Net Profit at Rs 290 cr vs Rs 210 cr, Revenue at Rs 3152 cr vs Rs 2943 cr (YoY) (Positive)

*ZF CVCS:* Net Profit at Rs 101.0 cr vs Rs 85.0 cr, Revenue at Rs 899.0 cr vs Rs 876.0 cr (YoY) (Positive)

*Piramal Pharma:* Net Profit at Rs 10.1 cr vs loss Rs 90 cr, Revenue at Rs 1959 cr vs Rs 1716 cr (YoY) (Positive)

*Shyam Metaliks:* Net Profit at Rs 127 cr vs Rs 67 cr, Revenue at Rs 3315 cr vs Rs 2922 cr (YoY) (Positive)

*Blue Star:* Net Profit at Rs 100.5 cr vs Rs 58.0 cr, Revenue at Rs 2241 cr vs Rs 1794 cr (YoY) (Positive)

*KEC Int:* Net Profit at Rs 97 cr vs Rs 17.6 cr, Revenue at Rs 5007 cr vs Rs 4374 cr (YoY) (Positive)

*Shriram Pistons:* Net Profit at Rs 108 cr vs Rs 75.0 cr, Revenue at Rs 765 cr vs Rs 636 cr (YoY) (Positive)

*Akshar Chem:* Net Profit at Rs 0.8 cr vs loss Rs 1.4 cr, Revenue at Rs 75 cr vs Rs 65 cr (YoY) (Positive)

*TCS:* Company expands its partnership with Aviva with a new 15-year agreement in the UK. (Positive)

*KPI Green Energy:* Company gets new domestic order of 5 MW solar plant under CPP segment. (Positive)

*Glenmark Pharma:* Company collaborates with biotech subsidiary Ichnos Sciences to accelerate new drug discovery in cancer treatment. (Positive)

*Olectra Greentech:* Company is targeting approximately 165% compound annual growth rate over FY25-28 (Positive)

*Bright Outdoor:* Company has launched two new Digital LED Hoardings in partnership with strategic allies. (Positive)

*Paras Defence:* Company has signed a Licensing Agreement with IRDE, DRDO for the Remote Control Border Defence System (Positive)

*Capital Goods companies:* India's construction equipment industry has witnessed 30% rise in sales to 36,055 units in third quarter of current fiscal, says report. (Positive)

*NTPC:* NTPC Green Energy signs MoU with Maharashtra government for investing up to Rs 80,000 crore in 5 years. (Positive)

*Larsen:* Net Profit at Rs 2947 crore versus poll of Rs 3309 crore, Revenue at Rs 55128 crore versus poll of Rs 53516 crore (Neutral)

*Dr Reddy:* Net Profit at Rs 1381 crore versus poll of Rs 1294 crore, Revenue at Rs 7237 crore versus poll of Rs 6904 crore (Neutral)

*M&M Fin:* Net profit at ₹553 cr vs poll of ₹538.5 cr, NII at ₹1815 cr vs poll of ₹1710 cr. (Neutral)

*Teamlease:* Net Profit at Rs 30.0 cr vs Rs 31.0 cr, Revenue at Rs 2445 cr vs Rs 2005 cr (YoY). (Neutral)

*VIP Ind:* Net Profit at Rs 7.0 cr vs Rs 44.0 cr, Revenue at Rs 546 cr vs Rs 526 cr (YoY). (Neutral)

*Astral:* Net Profit at Rs 163 cr vs Rs 140 cr, Revenue at Rs 1370 cr vs Rs 1268 cr (YoY) (Neutral)

*Vodafone:* Net loss at Rs 6986 cr vs poll of Rs 7614 cr, Revenue at Rs 10673 cr vs Rs 11016 cr (YoY) (Neutral)

*Jash Engineering:* Company to launch ₹500cr QIP soon: Media sources (Neutral)

*Zee Ent:* Company issues clarification on media report on SEBI scrutiny over Subhash Chandra’s statement. (Neutral)

*UTIAMC:* Company approves reappointment of Imtaiyazur Rahman as MD and CEO for 2 years effective June 13. (Neutral)

*Larsen:* Company's public capex spending might witness a temporary slowdown due to upcoming general elections.

*Johnson Control:* Cons net loss of Rs 27.2 cr versus profit Rs 26.2 crore; revenue declines 42% to Rs 299.5 crore

*Coromandel:* Net Profit at Rs 231 cr vs Rs 527 cr, Revenue at Rs 5456 cr vs Rs 8310 cr (YoY)

*SRF:* Net Profit at Rs 253 cr vs Rs 510 cr, Revenue at Rs 3053 cr vs Rs 3470 cr (YoY)

*Jubilant IngrevIa:* Net Profit at Rs 39 cr vs Rs 57 cr, Revenue at Rs 960 cr vs Rs 1020 cr (YoY)

*SIS:* Net Profit at Rs 36.9 cr vs Rs 103 cr, Revenue at Rs 3073 cr vs Rs 2904 cr (YoY)

*Voltas:* Net loss at Rs 30.0 cr vs poll Rs 69.0 cr profit, Revenue at Rs 2626 cr vs Rs 2006 cr (YoY)

News Headlines from Business News Agencies:

T.me/AlliesFin

*Business Standard*

📝 Bajaj Finserv Q3 results: Net profit increases by 22% to Rs 2,158 crore
📝 Steel imports hit five-year high in April-December amid soaring demand
📝 Zee-Sony merger: NCLT issues notice to Sony to file reply in three weeks
📝 TCS bags 15-year deal from UK-headquartered insurance company Aviva
📝 Tax-GDP ratio likely to be highest or second best in FY24 since 2008-09
📝 AI adoption in healthcare to create almost 3 mn jobs by 2028: Report
📝 Petronet LNG Q3FY24 results: Net profit rises 1.2% to Rs 1,191 crore
📝 AU SFB appoints former RBI deputy guv HR Khan as non-executive chairman
📝 CIEL Group plans IPO by Q3FY25, aims to raise nearly Rs 500 crore
📝 Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services
📝 Govt could make critical sectors use Indian cybersecurity products: Report
📝 Private banks' net profit grows 23.8% in Q3 FY24, moderates sequentially

*Economic Times*

📝 PB Fintech Q3 Results: Policybazaar parent posts Rs 38-crore PAT vs loss a year ago
📝 JSW Paints revenue hits Rs 1,500 crore in April-December; set to become profitable in FY24
📝 TruCap Finance secures Rs 40 crore by allotting NCDs to responsAbility AG
📝 TVS Industrial and Logistical Parks inks pact with Goa-IPB to set up warehousing park
📝 Servotech Power Systems, BPCL to set up 1,800 EV charging stations pan India
📝 Macrotech Developers aims to generate surplus cash in Q4, reduce debt by 11pc: MD Abhishek Lodha
📝 Sterlite Power secures orders worth Rs 1,400 crore in Oct-Dec qtr
📝 India on track to export record-low diesel to Europe in Jan as Red Sea risks weigh
📝 India seeks investment commitment from Switzerland under proposed EFTA trade pact: Official
📝 Arvind Q3 Results: Firm posts lower revenue for 5th quarter on tepid denim demand
📝 BPCL vows up to Rs 1.7 lakh crore capex investment in 5 years

*Mint*

📝 Dr Reddy's Q3 Results: Net profit rises 10.6% to ₹1,379 crore, revenue up 6.6%
📝 Zydus Lifesciences Launches Rexigo™️, the Oral Once-a-Day Pill for Advanced Prost
📝 China's Evergrande liquidation expected to yield minimal returns for creditors
📝 Toyota halts Innova Crysta, Fortuner, Hilux dispatch over diesel engine issues
📝 Adani Total Gas Q3 results: Net profit up 18% YoY, EBITDA rises 26%
📝 Govt firms experiencing falling returns despite a surge in spending
📝 UP’s lower tax on jet fuel to give a boost to Delhi-NCR’s second airport
📝 SRF Q3 earnings: PAT at ₹ 253 crore, down 50.4%
📝 Coromandel Intl Q3 earnings: PAT at ₹ 231 crore, down 56.2%
📝 BEL bags order worth Rs 847 Cr from Ministry of Finance
📝 Balrampur Chini gets assessment order of ₹50.6 cr from Income Tax Department.

@AlliesFin
31/1/2024
BSE:+612(71752)
NSE:+203(21725)
MID:+598(38774)
SML:+821(45722)
FII|FPI:+1660Cr
DII:+2542Cr
B.Crude: 81
Gold$:2038=INR: 62790
Silver: 72250
$/Rs: 83.04
7.18 : 2033 G-Sec: 7.14
NSE PE: 22.46
T.me/AlliesFin

@AlliesFin

GST Data Live: GST collection up 10.4% YoY
India’s January GST collections of Rs 1.72 lakh crore up 10.4% YoY and 4.4% month-on-month

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 31-01-2024 :

T.me/AlliesFin

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -58703* 😭😭

*INDEX FUT. : +801*

*INDEX OPT. : -62503*

*STOCK FUT. : +3735*

*STOCK OPT. : -738*

*SEC. IN F&O BAN FOR 01.02.2024 :*

*1. ZEEL LTD 2. SAIL*

*ADDITION : SAIL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 31-JAN-2024 :*

*FIIS : BUY +1,661 (26,054-24,393)* 😃

*DIIS : BUY +2,543 (15,597-13,054)* 😃

*BSE SENSEX : +612 (71,752)🔼*

*NSE NIFTY : +204 (21,726)🔼*

*BSE MIDCAP. : +599 (38,774)*🔼

*BSE SMLCAP. : +821 (45,722)*🔼

*B. CRUDE : $ 81.74* 🔽 🙂

*GOLD: $ 2,052=INR 62,680(10gr)*↔️😳

*SILVER : RS. 76,800 (kg)(5pm)*↔️😳

*FOREX : RS. $ 83.04 🔼 🙂*

*7.18% GOI '33: 7.1442%(100.24)🔽🙂*

*7.18% GOI '37: 7.2314% (99.56)🔽🙂*

Date : 01-02-2024
Today's Headlines from :

*Economic Times*

📝 Fed holds key rate steady for fourth straight meet

📝 Brookfield looking to sell 1.6 GW clean energy India assets

📝 Vedanta seeks buyers for natural gas from Barmer field

📝 India’s gold consumption in 2023 dropped by 3%: WGC

📝 Dixon Technologies Q3 Results: Net profit soars 86% YoY to Rs 97 crore

📝 Max Healthcare Q3 Results: Net profit zooms 26% YoY to Rs 338 crore

📝 GST collections surge to ₹1.72 lakh crore in January 2024, marking a 10.4% Y-o-Y growth

📝 Retail inflation for industrial workers eases marginally to 4.91 pc in December

📝 Core sector growth eases to 14-month low of 3.8% in December

📝 Saudi economy shrinks by 3.7% in Q4 on lower oil revenue

📝 Maruti Suzuki Q3 Results: PAT jumps 33% YoY to Rs 3,207 cr; revenue up 15%

*Business Standard*

📝 RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29

📝 Ambuja Cements Q3 results: Consolidated net profit up 89.5% at Rs 823 cr

📝 Walmart-owned Flipkart to roll out same-day delivery across India

📝 NTPC to bid for stressed KSK Mahanadi thermal power project in Chhattisgarh

📝 Sun Pharma Q3 results: Net profit up 16.5% at Rs 2,524 cr on US, India biz

📝 BoB Q3 results: PAT up 19% at Rs 4,579 cr; to raise upto Rs 2,500 cr in Q4

📝 Tata Capital Housing Finance to raise Rs 8k cr; board to discuss on Feb 5

📝 Burmans raise stake to 25% in Religare to acquire financial services firm

📝 Glenmark, Pfizer launch Abrocitinib in India for Atopic Dermatitis

📝 Dabur to invest Rs 135 cr for new manufacturing facility in south India

📝 At Rs 9.82 trillion, April-Dec fiscal deficit 55% of govt's annual target

📝 EPFO releases guidelines for EPS members having multiple accounts

📝 China's factory activity shrinks again in January, demand still weak

📝 RBI's digital payments index jumps to 418.77 in Sept from 395.57 in Mar

📝 Overseas funds pullout exceeds $3 bn in Jan amid geopolitical uncertainty

*Financial Express*

📝 Godrej Consumer Products Q3 Results: Profit up 6.4% at Rs 581.06 crore, revenue at Rs 3,659.64 crore

📝 Domino’s India operator Jubilant Foodworks’ Q3 profit dips 18.2% to Rs 65.71 crore, revenue rises 3.5% on-year

📝 Kalyan Jewellers Q3 profit rises by 21.5% to Rs 180.61 crore, revenue up 34.5% on-year

📝 Govt targets 10% rise in maize output in 2025-26

📝 Export of petroleum products falls to 15-month low in Jan

📝 ISMA projects 10 per cent decline in sugar output in 2023-24

📝 Rupee closes stronger, outperforms major Asian peers in January

*Mint*

📝 Heavy downpour disrupts life in Delhi; adds to winter woes

📝 Tata Steel to consider additional investment in UK plant

📝 Wistron to invest ₹1,500 cr to set up laptop manufacturing unit near Bengaluru

📝 Apple tops India smartphone revenue in 2023, nears $10 bn mark

📝 Piramal Pharma revenue up 14% at ₹1,959 crore in Q3

📝 Suzlon Energy Q3 FY24 results: Net profit improves 160% YoY to ₹203 crore

📝 KP Green Engineering files IPO papers with SEBI, to list with BSE SME

📝 Import duty on mobile phone components cut to 10% from 15%.

*Q3FY24 EARNING CALENDAR 01.02.2024*

AAVAS, *ABBOTINDIA*, ABCAPITAL, *ADANIENT*, *ADANIPORTS*, AETHER, APTUS, BATAINDIA, *BAYERCROP*, CASTROLIND, CUB, DEEPAKFERT, ECLERX, FIVESTAR, GMMPFAUDLR, GODREJAGRO, GOKEX, GOODLUCK, *INDHOTEL*, INDIACEM, JWL, *LALPATHLAB, MINDACORP, *MPHASIS*, ORIENTELEC, PRAJIND, PRICOLLTD, PRSMJOHNSN, RAYMOND, *RITES*, ROLEXRINGS, *SONATSOFTW*, STERTOOLS, SUMICHEM, *TEXRAIL*, THYROCARE, TIINDIA, *TITAN*, *VGUARD*, VSTTILLERS, WELENT


*ABBOTINDIA*
• Revenue expected at Rs 1503 crore versus Rs 1326 crore
• EBITDA expected to be seen at Rs 364 crore versus Rs 316 crore
• EBITDA margin expected to be seen at 24.2% versus 23.8%
• Net profit expected to be seen at Rs 303 crore versus of Rs 246 crore

*ADANIENT*
• Revenue expected at Rs 23,925 crore versus Rs 26,612 crore
• EBITDA expected to be seen at Rs 2673 crore versus Rs 1629 crore
• EBITDA margin expected to be seen at 11.1% versus 6.12%
• Net profit expected to be seen at Rs 370 crore versus of Rs 820 crore

*ADANIPORTS*
• Revenue expected at Rs 6862 crore versus Rs 4786 crore
• EBITDA expected to be seen at Rs 4087 crore versus Rs 3011 crore
• EBITDA margin expected to be seen at 59.5% versus 62.9%
• Net profit expected to be seen at Rs 2117 crore versus of Rs 1554 crore

*INDIANHOTEL*
• Revenue expected at Rs 1905 crore versus Rs 1659 crore
• EBITDA expected to be seen at Rs 699 crore versus Rs 597 crore
• EBITDA margin expected to be seen at 36.7% versus 35.9%
• Net profit expected to be seen at Rs 445 crore versus of Rs 383 crore

*MPHASIS*
• Revenue expected at Rs 3438 crore versus Rs 3325 crore
• EBIT expected to be seen at Rs 503 crore versus Rs 506 crore
• EBIT margin expected to be seen at 14.6% versus 15.2%
• Net profit expected to be seen at Rs 385 crore versus of Rs 391 crore

*RITES*
• Revenue expected at Rs 660 crore versus Rs 677 crore
• EBITDA expected to be seen at Rs 164 crore versus Rs 193 crore
• EBITDA margin expected to be seen at 24.8% versus 28.5%
• Net profit expected to be seen at Rs 128 crore versus of Rs 147 crore

*SONATASOFTW*
• Revenue expected at Rs 2922 crore versus Rs 1912 crore
• EBITDA expected to be seen at Rs 198 crore versus Rs 164 crore
• EBITDA margin expected to be seen at 6.77% versus 7.29%
• Net profit expected to be seen at Rs 143 crore versus of Rs 129 crore

*TITAN*
• Revenue expected at Rs 13,175 crore versus Rs 10,875 crore
• EBITDA expected to be seen at Rs 1580 crore versus Rs 1330 crore
• EBITDA margin expected to be seen at 12.0% versus 12.2%
• Net profit expected to be seen at Rs 1085 crore versus of Rs 951 crore

*VGUARD*
• Revenue expected at Rs 1127 crore versus Rs 980 crore
• EBITDA expected to be seen at Rs 93 crore versus Rs 65 crore
• EBITDA margin expected to be seen at 8.25% versus 6.71%
• Net profit expected to be seen at Rs 54 crore versus of Rs 39 crore


*Q3FY24 EARNING CALENDAR 02.02.2024*

*ALKYLAMINE*, ANDHRAPAP, AROGRANITE, *BANKINDIA*, BIKAJI, BIRLACABLE, CENTURYPLY, *CENTURYTEX*, CLEDUCATE, DALMIASUG, DELHIVERY, DEVYANI, ENGINERSIN, GAEL, GOODYEAR, HIL, INDIAGLYCO, ISGEC, JSWINFRA, *JUBLPHARMA, *INDIGO*, *LICHSGFIN*, MAHLIFE, MEDPLUS, *METROPOLIS*, MHRIL, *MOIL*, NIITLTD, PANAMAPET, RATEGAIN, SIGNATURE, SUNDRMFAST, *TATAMOTORS*, TITAGARH, *TORNTPHARM*, TTKHLTCARE, *UJJIVAN, *UPL*, WHIRLPOOL

GIFT Nifty +30 pts (21816) from last trade 21786 ,

Nikkei -199 pts ,
Hangseng +38 pts ,


Dow -317.01 pts ,Nsdq -345.88 pts, S&P
-79.32 pts , Bovespa +350 pts , Ftse -35 pts , Dax -68 pts , Cac -20 pts , Nikkei -222 Pts now ,Crude @ $75.96 brl (+0.11), Brent @ $81.71 brl (-1.16) , Gold @ 2057.80 (+0.00), Silver $23.03 (-0.13), Euro @ $1.0807, JPY @ $146.85, INR @ 83.075

*Today's Corporate Action*
*1st Feb Ex Date*
BIGBLOC
Interim Dividend - Rs. - 0.2000
CESC
Interim Dividend - Rs. - 4.5000
HARSHILAGR
E.G.M.     
HAVELLS
Interim Dividend - Rs. - 3.0000
PURVA
Interim Dividend - Rs. - 6.3000
REGENCY
E.G.M.     
ROUTE
Interim Dividend - Rs. - 3.0000
SALASAR
Bonus issue 4:1  
TIPSINDLTD
Interim Dividend - Rs. - 3.0000
WENDT
Interim Dividend - Rs. - 30.0000

*Today's Key Results/Board Meetings*
*01-Feb-24*
Titan Company, Adani Enterprises, Adani Ports and Special Economic Zone, AAVAS Financiers, Abbott India, Aditya Birla Capital, Bata India, City Union Bank, Deepak Fertilisers, eClerx Services, Indian Hotels Company, India Cements and Dr Lal PathLabs will be in focus ahead of quarterly earnings on February 1.

*Stock under F&O ban on NSE 01-Feb-24*
1 SAIL
2 ZEEL

*🇮🇳India Daybook – Stocks in News*


*Thomas Cook:* Net Profit at Rs 82.4 cr vs Rs 18.5 cr, Revenue at Rs 1893 cr vs Rs 1536 cr (YoY) (Positive)

*Ratnaveer:* Net Profit at Rs 9.3 cr vs Rs 3.5 cr, Revenue at Rs 190 cr vs Rs 107 cr (YoY) (Positive)

*Udaipur Cement:* Net Profit at Rs 25.3 cr vs Rs 3.2 cr, Revenue at Rs 299 cr vs Rs 238 cr (QoQ) (Positive)

*JSPL:* Net profit at ₹1,928 cr vs poll of ₹945 cr, Revenue at Rs 11701 cr vs Rs 12178 cr (YoY) (Positive)

*Godrej CP:* Net profit at ₹581.0 cr vs poll of ₹565 cr, Revenue at Rs 3660 cr vs Rs 3599 cr (YoY) (Positive)

*Shree Cem:* Net Profit at Rs 734.0 cr vs Rs 277.0 cr, Revenue at Rs 4900.0 cr vs Rs 4069.0 cr (YoY) (Positive)

*IRB Infra:* Net Profit at Rs 187 cr vs Rs 141 cr, Revenue at Rs 1968 cr vs Rs 1514 cr (YoY) (Positive)

*Swan Energy:* Net Profit at Rs 220 cr vs Rs 165 cr, Revenue at Rs 1591 cr vs Rs 1222 cr (QoQ) (Positive)

*Uttam Sugar:* Net Profit at Rs 47.5 cr vs Rs 26.1 cr, Revenue at Rs 517 cr vs Rs 472 cr (YoY) (Positive)

*Ajanta Pharma:* Net Profit at Rs 210 cr vs Rs 135 cr, Revenue at Rs 1105 cr vs Rs 972 cr (YoY) (Positive)

*Relaxo:* Net Profit at Rs 38.6 cr vs Rs 30.1 cr, Revenue at Rs 713 cr vs Rs 681 cr (YoY) (Positive)

*Heldelberg:* Net Profit at Rs 31.4 cr vs Rs 5.6 cr, Revenue at Rs 607 cr vs Rs 540 cr (YoY) (Positive)

*Data Patterns:* Net Profit at Rs 51 cr vs Rs 33 cr, Revenue at Rs 139 cr vs Rs 111 cr (YoY) (Positive)

*Mankind Pharma:* Net Profit at Rs 607 cr vs Rs 437.0 cr, Revenue at Rs 2607 cr vs Rs 2091 cr (YoY) (Positive)

*Paras Defence:* Company gets optical periscopes contract from Defence Ministry; to complete delivery by FY25 (Positive)

*Kaynes tech:* Nanotech company DigiLens announces partnership with company for scaling waveguide manufacturing. (Positive)

*Cochin Shipyard:* Company has secured an international order worth of Rs 500 crore for a hybrid Service Operation Vessel (SOV) from a European client. (Positive)

*Havells India:* Company introduced the first made in India energy-efficient Heat Pump Water Heater, providing up to 75% energy savings. (Positive)

*Ambuja Cem:* Company is aiming to double its capacity and achieve an EBITDA per ton of Rs. 1450+. (Positive)

*Infosys:* Company partneed with Musgrave, Ireland's top food retail company, to lead cognitive first IT transformation. (Positive)

*Vikas Lifecare:* Company expands with the incorporation of Vikas Lifecare LLC in Dubai, UAE. (Positive)

*Borosil:* Company has commissioned a new borosilicate glass furnace in Jaipur, Rajasthan, with a production capacity of 25 tonnes per day. (Positive)

*Olectra Greentech:* Company has a Net order book of electric buses stands at 8,088 striving to meet the target of delivering 650 electric buses for the year. (Positive)

*Gujarat Gas:* Company signs MoU with HPCL for liquid fuels & CNG facilities (Positive)

*Aviation Companies:* Jet Fuel (ATF) price cut to ₹1.00 lk/kL from ₹1.01 lk/kL in Delhi (Positive)

*Glenmark Pharmaceuticals:* Company and Pfizer join forces to introduce Abrocitinib in India (Positive)

*Deepak Nitrite:* Company has signed a Memorandum of Understanding with the Government of Gujarat to invest around 9,000 Crores in establishing projects at Dahej, Gujarat (Positive)

*DCAL:* Company has been awarded the "Attestation of Inspection" by the European Directorate for the Quality of Medicines & HealthCare (Positive)

*Balaji Amines:* Net Profit at Rs 55.6 cr vs Rs 83.7 cr, Revenue at Rs 383 cr vs Rs 586 cr (YoY). (Neutral)

*Kamat Hotels:* Net Profit at Rs 43 cr vs Rs 35 cr, Revenue at Rs 86 cr vs Rs 84 cr (YoY). (Neutral)

*DCM Shriram:* Net Profit at Rs 240.0 cr vs Rs 342.0 cr, Revenue at Rs 3125 cr vs Rs 3354 cr (YoY). (Neutral)

*Amara Raja:* Net Profit at Rs 255 cr vs Rs 222 cr, Revenue at Rs 3044 cr vs Rs 2638 cr (YoY) (Neutral)

*Nilkamal:* Net Profit at Rs 29.4 cr vs Rs 33.2 cr, Revenue at Rs 803 cr vs Rs 754 cr (YoY) (Neutral)

*Lux Ind:* Net Profit at Rs 20.2 cr vs Rs 18.1 cr, Revenue at Rs 447 cr vs Rs 459 cr (YoY) (Neutral)

*GMR Airports:* Net loss at Rs 317 cr vs profit of Rs 191 cr, Revenue at Rs 2227 cr vs Rs 1761 cr (YoY) (Neutral)

*Nestle:* Varun Sethuraman to succeed Gopichandar Jagatheesa as BEO of Cereals Business (Neutral)

*PCBL:* Company has acquired 212,172 shares of M/s. Aquapharm Chemicals Private Limited, making ACPL a subsidiary of PCBL (Neutral)

*Federal-Mogul Goetze:* Company appoints T Kannan as MD for 3 years effective February 1 (Neutral)

*United Spirits:* Company has announced the closure of its factory operations at the Udaipur, Rajasthan manufacturing unit. (Neutral)

*Triveni:* Company has announced the acquisition of up to 26% of Sir Shadi Lal Enterprises Ltd.'s voting share capital at a price of INR 262.15 per share. (Neutral)

*Ultratech:* Moody's affirms UltraTech Cement's Baa3 ratings; outlook stable. (Neutral)

*Indus Towers:* KKR, CPP Likely to Sell Shares in Indus Towers via Block Deal, sources to CNBC. (Neutral)

*Bajaj Finance:* Rakesh Bhatt resigns as executive director of the company w.e.f. January 31, 2024 (Neutral)

*PayTM:* Payments Bank barred from accepting deposits post-Feb 29 due to non-compliances.

*Westlife:* Net Profit at Rs 17.2 cr versus profit Rs 36.4 crore; revenue declines 2% to Rs 600.0 crore

8 new Indian companies have entered the 'Global 500' list based on market capitalization in the last one year. T.me/AlliesFin

New Entrants:

1. L&T 286
2. HCL Tech 347
3. Titan 447
4. Sun Pharma 455
5. Axis Bank 474
6. ONGC 489
7. NTPC 497
8. Maruti Suzuki 500

Top 5 ✨
1. RIL 46
2. TCS 73
3. HDFC Bank 100
4. ICICI Bank 177
5. Infosys 182
Source: Bloomberg
31-01-2024

The last nine years has seen India witness a sharp pickup in infrastructure.
Now you know why Infra cos are performing.
T.me/AlliesFin

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