Growth comes in many forms:

Risk ➔ Growth
Patience ➔ Growth
Discipline ➔ Growth
Hard Work ➔ Growth
Smart Work ➔ Growth
Consistency ➔ Growth
Don't lose hope ➔ Growth
Learning from failure ➔ Growth
Believing in yourself ➔ Growth
Investing with #AlliesFin ➔ Growth

Let's India Grow together... 🌟

BAJAJ FINSERV LTD.
Bonus issue 1:1
Stock Split From Rs.5/- to Rs.1/-
Ex-date : 13 Sep 2022

CARE Ratings Ltd
Buy Back of Shares
Ex-date : 13 Sep 2022

Quick Heal Technologies Ltd
Buy Back of Shares
Ex-date : 13 Sep 2022

BHARAT ELECTRONICS LTD
Bonus issue 2:1
Ex-date : 15 Sep 2022

G. K. P. Printing & Packaging Ltd
Bonus issue 1:2
Ex-date : 16 Sep 2022

RUBY MILLS LTD
Bonus issue 1:1
Ex-date : 22 Sep 2022

BHARAT GEARS LTD.
Bonus issue 1:2
Ex-date : 27 Sep 2022

PONDY OXIDES & CHEMICALS LTD
Bonus issue 1:1
Ex-date : 28 Sep 2022

RAM RATNA WIRES LTD
Bonus issue 1:1
Ex-date : 28 Sep 2022

RUCHIRA PAPERS LTD
Bonus issue 1:10
Ex-date : 07 Oct 2022

India iip n cpi...today evening

USA inflation...13th

UK inflation...15th

Euro inflation..16th

#data #alliesfin

*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-09-2022 :*

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

*TOTAL NET BUY : +2285* 😀

*INDEX FUT. : +928*

*INDEX OPT. : +1795*

*STOCK FUT. : -433*

*STOCK OPT. : -05*

*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-SEP-22 : (Rs. CRS )*

*FIIS : BUY +2,049 (6,565-4,516)* 😀

*DIIS : SELL -890 (6,631-7,521)* 😩

*BSE SENSEX : +322 (60,115)🔼*

*NSE NIFTY : +103 (17,936)🔼*

*BSE MIDCAP. : +230 (26,167)*🔼

*BSE SMLCAP. : +295 (29,824)*🔼

*B. CRUDE : $ 94.67* 🔼 😭

*GOLD: $1727=INR 50,950(10gr)* ↔️ 😳

*SILVER : RS. 55,500 (kg) (5pm) 🔼 🙂*

*FOREX : RS. : $ 79.5225* 🔼 🙂

*6.54% GOI '32 : 7.1811% (95.6775)* 🔼 😔

*7.26%NEW GOI '32: 7.1354%(100.87)*🔼😔

*7.54% GOI '36 : 7.3098% (101.9550)* 🔼 😔

MKT. UPDATES :

SGX Nifty +101 pts (18054) from last trade 17953 ,

Nikkei +88 pts ,
Hangseng +42 pts ,


Dow +229.63 pts ,Nsdq +154.10 pts, S&P
+43.05 pts , Bovespa +1106 pts , Ftse +121 Pts , Dax +314 pts , Cac +121 pts , Crude @ $88.13 brl (+0.35), Brent @ $94.00 brl (-0.00) , Gold @ 1736.40 (-4.20), Silver @ $19.81 (-0.05), Euro @ $1.0124, JPY @ $142.63,  INR @ 79.355


US GOVT. 10-YEAR YIELD : 3.33%


Today's Corporate Action, 13 Sep Ex Date : Tg @ AlliesFin

AGI
Dividend - Rs. - 5.0000
BAJAJFINSV
Bonus issue 1:1 
BAJAJFINSV
Stock  Split From Rs.5/- to Rs.1/-BALPHARMA
Final Dividend - Rs. - 1.0000
BLS
Final Dividend - Rs. - 0.2500
CARERATING
Buy Back of Shares  
CARERATING
Final Dividend - Rs. - 10.0000
CENTURYPLY
Final Dividend - Rs. - 1.5000
CMSINFO
Final Dividend - Rs. - 1.0000
DJML
Final Dividend - Rs. - 0.1000
DONEAR
Final Dividend - Rs. - 0.2000
INDGELA
Dividend - Rs. - 2.5000
INTENTECH
Final Dividend - Rs. - 0.4000
MARIS
Final Dividend - Rs. - 1.0000
PONDYOXIDE
Final Dividend - Rs. - 5.0000
PPL
Final Dividend - Rs. - 1.2000
PRINCEPIPE
Final Dividend - Rs. - 2.0000
QUICKHEAL
Buy Back of Shares  
RADHIKAJWE
Interim Dividend - Rs. - 1.0000
RADIXIND
Final Dividend - Rs. - 1.0000
SHREYAS
Final Dividend - Rs. - 2.5000
STARPAPER
Final Dividend - Rs. - 3.5000
TIRUFOAM
Final Dividend - Rs. - 1.0000
TNPL
Final Dividend - Rs. - 4.0000


*Today's Key Results/Board Meetings, 13-Sep-22 :*

AEGISLOG
Interim Dividend 
BAJAJHLDNG
Interim Dividend 
FEDDERELEC
Audited Results;Quarterly Results
JTLINFRA
General  
MAHSCOOTER
Interim Dividend 
SALSTEEL
General  


*SEC. IN F&O BAN FOR, 13 Sep, 2022 :*

*1. AMBUJACEM 2. DELTACORP 3. IBULHSGFIN*

*ADDITION : IBULHSGFIN*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 104.5 Billion*

India Daybook Stocks in News

Tg @AlliesFin

*Krishna Institute of Medical Sciences:* Company has acquired of 51% stake in Spanv Medisearch (Positive)

*TCS:* Company gets order from C&S Wholesale Grocers Inc to build a new operations platform on Google Cloud (Positive)

*IRB Infra's:* Aug toll collection rises 35% YoY to Rs 336 cr. (Positive)

*Rice exporters:* Govt gives relief to rice exporters, clarifies 3 cases where exports will be allowed. (Positive)

*IRB Infra:* IRB InvIT Fund: IRB InvIT Fund is set to acquire the Vadodara Kim Expressway HAM project in Gujarat (Positive)

*Paisalo:* Allotted 26,10,000 fully convertible warrants at issue price of Rs. 705 on preferential basis to promoter group. (Positive)

*Arvind Smart:* Allotment of 15,00,000 equity Shares of face value of Rs. 10.00/sh at a premium of Rs. 92/sh per Equity Share to Kausalya Realserve LLP. (Positive)

*Gujarat Apollo:* Entered into a Joint Venture Agreement with PFH BV on Sept 12 (Positive)

*Pidilite:* Partners with 100X.VC to identify strategic investment opportunities. (Positive)

*ZEEL:* Sony, Zee Offer Merger Concessions to Ease India Watchdog. (Positive)

*Ujjivan Financial:* Duro India Opportunities Fund Pte Ltd & Duro One Investments Ltd acquired additional 8.55 lakh shares (Positive)

*Adani Trans:* Adani Group refutes Reliance Infra's additional arbitration claims. (Neutral)

*Ramkrishna Forgings:* Company to issue up to 46 lk convertible warrants at Rs 205 each on preferential basis to promoters/public category. (Neutral)

*Coal India:* E-auction of 10 Commercial Coal Mines to Start from today (Neutral)

*Ujjivan Small Finance Bank:* Bank sets QIP floor price at Rs 21.93 per share. (Neutral)

*Bajaj Finserv:* Ex-Date for Bonus Issue (1:1) and Stock Split (5:1) (Neutral)

*HDFC Life:* Abrdn Plc likely to sell 4.3 cr shares (2% equity) of HDFC Life via block deal (Neutral)

*KIMS:* General Atlantic Singapore sells 22 lakh shares, representing 2.75% stake in Krishna Institute of Medical Sciences (Neutral)

*NIACL:* Appointment of Chairman cum Managing Director Neerja Kapur wef 12 Sept (Neutral)

Namaste !!

• India August Inflation Accelerates to 7% on High Food Prices

o India Aug. Consumer Prices Rise 7.00% Y/y, Est. +6.90%

• India July Industrial Production Rises 2.4% Y/y, Est. +4.2%

• India Inflation Basket Needs Urgent Revision, Economists Say

• India E-Auction of 10 Commercial Coal Mines to Start Tuesday

• India May Offer $2.5 Billion Lifeline to Cost-Hit Oil Firms

o Finance, oil mins in advanced talks on LPG compensation

• Google Mulls 10%-20% of Annual Pixel Prod in India: Information

• Depleting Reserves Spell Risks for Emerging Asian Currencies (1)

• India to Launch Third Mission to Moon by July, Space Agency Says

• India Milk and Dairy Products Surplus Seen at 111M Tons by 2046

• Lumpy Skin Disease Kills 67,000 Cattle in India, Swain Says

• India Cumulative Monsoon Rainfall 6% Above Normal as of Sept. 12

• Indian Company Private Bond Sales Rise 141% W/w to INR357.4 Billion

• Emerging Market ETFs Fall for 3rd Week in $2.61 Bln Streak

• Global Funds Buy Net INR20.5B of India Stocks on Monday: NSE

o Domestic funds sell net 8.91b rupees of stocks

• French Foreign Minister to visit India from Sep 13-15: PTI

• Vedanta Picks Gujarat State for India Chips Plant, Reuters Says

• Sony, Zee Offer Merger Concessions to Ease India Watchdog: Rtrs

• Tata group in talks with Bisleri to acquire a stake in the packaged water co.: PTI

• Abrdn Seeks up to $313 Million in HDFC Life Share Sale: Terms

o To sell 43m shares at INR564.1 to INR578.55 each

• Adani Transmission (ADANI): Sayas Reliance Infra’s Arbitration Asks Untenable:

• IRB Infrastructure (IRB): August gross toll collections jump by 35% Y/y to 3.36b rupees, up 5% from July

• New India Assurance (NIACL): Appoints Neerja Kapur as CMD from Sept. 12

• Nippon Life India (NAM): Nippon Life, DWS to Launch Europe- Listed India Govt Bond ETF

• Premier Explosives (PRE): Gets order from overseas entity to supply rocket motors

• Tata Consultancy (TCS): To build operations platform for C&S Wholesale Grocers

• Ujjivan Small Finance Bank (UJJIVANS): QIP opens Monday, Floor price INR21.93/share; To consider QIP price on Sept. 15

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 13-09-2022 :*

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

*TOTAL NET SELL : -740* 😩

*INDEX FUT. : +2936*

*INDEX OPT. : -2234*

*STOCK FUT. : -1244*

*STOCK OPT. : -198*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 13-SEP-22 : (Rs. CRS )*

*FIIS : BUY +1,957 (10,873-8,916)* 😀

*DIIS : SELL -1,268 (6,258-7,526)* 😢

*BSE SENSEX : +456 (60,571)🔼*

*NSE NIFTY : +134 (18,070)🔼*

*BSE MIDCAP. : +85 (26,252)*🔼

*BSE SMLCAP. : +70 (29,894)*🔼

*B. CRUDE : $ 94.29* 🔼 😩

*GOLD: $1727=INR 50,570(10gr)* 🔽 😔

*SILVER : RS. 57,340 (kg) (5pm) 🔼 😀*

*FOREX : RS. : $ 79.1475* 🔼 😄

*6.54% GOI '32 : 7.1077% (96.16)* 🔽 😄

*7.26%NEW GOI '32: 7.0789%(101.27)*🔽😄

*7.54% GOI '36 : 7.2323% (102.63)* 🔽 😄

Dow -1276.37 pts ,Nsdq -632.84 pts, S&P
-177.72 pts , Bovespa -2612 pts , Ftse -87 Pts , Dax -213 pts , Cac -87 pts , Crude @ $87.65 brl (+0.34), Brent @ $93.17 brl (-0.00) , Gold @ 1713.00 (-4.40), Silver @ $19.33 (-0.16), Euro @ $0.9975, JPY @ $144.46, INR @ 79.575





Today's Corporate Action
14th Sep Ex Date



AMNPLST
Dividend - Rs. - 0.4000
AMRUTANJAN
Final Dividend - Rs. - 2.6000
BGWTATO
Final Dividend - Rs. - 1.0000
DIAPOWER
Resolution Plan -Suspension
FOODSIN
Final Dividend - Rs. - 0.2500
GIPCL
Dividend - Rs. - 2.5000
GRAUWEIL
Final Dividend - Rs. - 0.6500
GUJCRAFT
Final Dividend - Rs. - 1.0000
HIKAL
Final Dividend - Rs. - 0.4000
INDOCO
Final Dividend - Rs. - 1.5000
INDOCO
Special Dividend - Rs. - 0.7500
INTLCOMBQ
Final Dividend - Rs. - 2.0000
ITDCEM
Dividend - Rs. - 0.4500
KABRAEXTRU
Final Dividend - Rs. - 3.0000
KILPEST
Final Dividend - Rs. - 2.5000
LOYALTEX
Dividend - Rs. - 10.0000
MONARCH
Dividend - Rs. - 1.0000
ONMOBILE
Final Dividend - Rs. - 1.5000
PANCHMAHQ
Dividend - Rs. - 4.0000
RHIM
Final Dividend - Rs. - 2.5000
SADHNANIQ
Final Dividend - Rs. - 0.1500
SANDHAR
Final Dividend - Rs. - 2.2500
SHAWGELTIN
Dividend - Rs. - 10.0000
STERTOOLS
Final Dividend - Rs. - 1.0000
SUPERHOUSE
Dividend - Rs. - 1.0000



Today's Key Results/Board Meetings
14-Sep-22



FEL
Audited Results
FELDVR
Audited Results
GUJINJEC
Issue Of Warrants
KANSAINER
Employees Stock Option Plan
MDRNTHR-B
Quarterly Results
SABOOSOD
Right Issue of Equity Shares
TATASTEEL
General
UNITECH
Quarterly Results
VERANDA
Preferential Issue of shares
VISHWARAJ
General



Stock under F&O ban on NSE
14-Sep-22



1AMBUJACEM

2DELTACORP

3IBULHSGFIN

India Daybook – Stocks in News


Infosys: Company collaborates with Bpost (Belgium Post) to improve security for postal services experience (Positive)

KEC International: Company bags orders worth Rs 1,108 cr (Positive)

Bharat Forge: Subsidiary Kalyani Powertrain & Harbinger Motors Announce Joint Venture. (Positive)

IRCTC: Gets Registrar of Companies' Nod to Act as Payment Aggregator. (Positive)

PVR/Inox: Competition Commission of India rejects complaint against proposed PVR-Inox deal (Positive)

Hatsun: Board meet On September-19 (Coming Monday) To Consider Raising Funds via Rights Share. (Positive)

Ami Organics: Plutus Wealth Management LLP acquired additional 9,53,420 equity shares or 2.6% stake in the company. (Positive)

Maharashtra Scooters: The company said the board of directors declared an interim dividend of Rs 100 per share (Positive)

Logistic Stocks: Union Cabinet likely to approve the National Logistics Policy 2022 (Positive)

Bajaj Holdings: Company to pay interim dividend of Rs 110/Share. (Positive)

JSW Steel: Company signs MoU with SMS Group for carbon reduction projects. (Neutral)

Neuland Laboratories: Deepak Gupta has resigned as Chief Financial Officer of the company (Neutral)

Hatsun Agro: Board to consider raising funds via rights share issue on September 19, 2022 (Neutral)

Coal India: Coal Ministry conducts E-auction of 8 mines under commercial coal mining auction. (Neutral)

Tata Steel: Board mee today to Consider NCD Issuance (Neutral)

Ambuja Cement: To Consider Raising Funds Via Issue of Securities/ Convertibles/ Rights/ Preferntial Basis (Neutral)

Veranda: To evaluate fund raising proposals via shares/ bonds/ debentures, etc (Neutral)

HDFC Life: Abrdn (Mauritius Holdings) 2006 Limited sold 4.3 crore equity shares (Neutral)

Who’s Meeting Whom

J.K. Cement: To meet investors and analysts on Sept. 20.
Nuvoco Vistas Corporation: To meet investors and analysts on Sept. 14.
Kalyan Jewellers India: To meet investors and analysts on Sept. 14, 15 and 16.
Asian Paints: To meet investors and analysts on Sept. 14, 15, 16, 19 and 20.
Adani Transmission: To meet investors and analysts on Sept. 14.
ICICI Bank: To meet investors and analysts on Sept. 14.
Hero Motocorp: To meet investors and analysts on Sept. 15, 20 and 21.
Mallcom (India): To meet investors and analysts on Sept. 15.
Oriental Aromatics: To meet investors and analysts on Sept. 15.
UltraTech Cement: To meet investors and analysts on Sept. 14.
Greenply Industries: To meet investors and analysts on Sept. 15.
Sansera Engineering: To meet investors and analysts on Sept. 14.


AGMs today
Chalet Hotels
Dhampur Sugar Mills
Dharamsi Morarji Chemical
Jagsonpal Pharmaceuticals
Johnson Controls-Hitachi Air Conditioning India
Lemon Tree Hotels
Mastek.

🗞 Brightcom Group onboards Nixon Patel, US-based Tech Innovator, as Advisor
🗞 100X.VC partners with Pidilite Industries for its CVC initiative
🗞 C&S Wholesale Grocers Partners with TCS to Build AI-Powered Distribution
Model
🗞 Mazagon Dock Shipbuilders Ltd launches third Stealth Frigate of Project 17A
'TARAGIRI'
🗞 Oracle Credit Ltd makes further investment in Credent Assets Management
Services Pvt Ltd
🗞 BPCL bags Supply Chain Leadership Award
🗞 Sunteck under its initiative 'Life by the Sea' organises a beach
sustainable lifestyle drive at Juhu Beach
🗞 Astral Ltd allots shares on amalgamation
🗞 Lords Chloro Alkali Ltd to expand Caustic Soda capacity by 42%
🗞 Statement from Adani Electricity on RInfra Arbitration
🗞 DNB Wins HFS OneOffice Award for Automating its IT Operations with TCS
🗞 Skipper Ltd's engineering business wins new order of Rs 225 crores
🗞 Dixon's subsidiary Padget Electronics receives approval for disbursement of
PLI incentive
🗞 Arvind SmartSpaces Ltd allots 15 lakh shares
🗞 Gilada Finance and Investment Ltd shifts branch office
🗞 Shubham Polyspin Ltd recommends 1:10 bonus issue
🗞 Nippon Life India Asset Management and DWS join hands to launch a
European-listed Indian Government Bond ETF
🗞 Ramkrishna Forgings Ltd approves fund raising of Rs. 94.3 crores
🗞 Premier Explosives Ltd signs contract with overseas entity
🗞 The Ramco Cements Ltd's Alathiyur Plant declared winner with Greentech
Environment Award
🗞 Nxtra by Airtel to Become the First Data Center Company in India to install
Fuel Cell Technology to provide Clean Energy
🗞 CSL Finance opens new branch office in Hoshiarpur, Punjab
🗞 Zydus receives final approval and 180 days shared exclusivity from the
USFDA for Cariprazine Capsules
🗞 Jyothy Labs Ltd updates on amalgamation

*Bulk Deal & Insider Trade Update*
*Bulk Deals*
*Hdfclife : Abrdn (Mauritius Holdings)2006 Limited Sell 43000000 Shares @ Rs. 574.15

*Amiorg : Small Cap World Fund Inc Buy 1596540 Shares @ Rs. 1037.25

*Rolcoen : The Oriental Insurance Co Ltd Sell 5000 Shares @ Rs. 312.7

*Alan Scott : Next Orbit Ventures Fund Sell 10000 Shares @ Rs. 50.85
Ashika

*Insider Trade*
Acquisition
*Prem Kumar Bhajanka Promoter & Director Acquisition 50000 shares of Star Cement Ltd on 09-Sep-22

*K MadhuHUF Promoter Group Acquisition 2000 shares of Ncl Industries Ltd.-$ on 13-Sep-22

Disposal
*IDEAL TOLL & INFRASTRUCTURE PRIVATE LIMITED Promoter Disposal 400000 shares of Mep Infrastructure Developers Ltd on 02-Sep-22

Revoke
*Mr. BRIJ MOHAN LABROO Promoter & Director Revoke 72568 shares of Asahi India Glass Ltd. on 10-Aug-22

*SNEHA ENCLAVE PRIVATE LIMITED Promoter Group Revoke 1725000 shares of Emami Ltd.

Pledge
*A J Tolls Private Limited Revised Promoter Group Pledge 600000 shares of Mep Infrastructure Developers Ltd on 19-Jul-22

*SNEHA ENCLAVE PRIVATE LIMITED Promoter Group Pledge 3334000 shares of Emami Ltd.-$ on 08-Sep-22

Invoke
* Promoter Group Invoke 292662 shares of Mep Infrastructure Developers Ltd
Ashika

*Dividend Update*
*Amines & Plasticizers Ltd. Dividend Rs. 0.4 Ex Date 14-Sep-2022
*Amrutanjan Health Care Ltd. Final Dividend Rs. 2.6 Ex Date 14-Sep-2022
*Bhagwati Autocast Ltd. Final Dividend Rs. 1 Ex Date 14-Sep-2022
*Foods & Inns Ltd. Final Dividend Rs. 0.25 Ex Date 14-Sep-2022
*Gujarat Industries Power Company Ltd. Dividend Rs. 2.5 Ex Date 14-Sep-2022
*Grauer & Weil (India) Ltd. Final Dividend Rs. 0.65 Ex Date 14-Sep-2022
*Gujarat Craft Industries Ltd. Final Dividend Rs. 1 Ex Date 14-Sep-2022
*Hikal Ltd. Final Dividend Rs. 0.4 Ex Date 14-Sep-2022
*Indoco Remedies Ltd. Final Dividend Rs. 1.5 Ex Date 14-Sep-2022
*Indoco Remedies Ltd. Special Dividend Rs. 0.75 Ex Date 14-Sep-2022
*International Combustion (India) Ltd. Final Dividend Rs. 2 Ex Date 14-Sep-2022
*ITD Cementation India Ltd. Dividend Rs. 0.45 Ex Date 14-Sep-2022
*Kabra Extrusiontechnik Ltd. Final Dividend Rs. 3 Ex Date 14-Sep-2022
*Kilpest India Ltd. Final Dividend Rs. 2.5 Ex Date 14-Sep-2022
*Loyal Textile Mills Ltd. Dividend Rs. 10 Ex Date 14-Sep-2022
*Monarch Networth Capital Ltd. Dividend Rs. 1 Ex Date 14-Sep-2022
*Onmobile Global Ltd. Final Dividend Rs. 1.5 Ex Date 14-Sep-2022
*Panchmahal Steel Ltd. Dividend Rs. 4 Ex Date 14-Sep-2022
*Orient Refractories Ltd. Final Dividend Rs. 2.5 Ex Date 14-Sep-2022
*Sadhana Nitro Chem Ltd. Final Dividend Rs. 0.15 Ex Date 14-Sep-2022
*Sandhar Technologies Ltd. Final Dividend Rs. 2.25 Ex Date 14-Sep-2022
*Narmada Gelatines Ltd. Dividend Rs. 10 Ex Date 14-Sep-2022
*Sterling Tools Ltd. Final Dividend Rs. 1 Ex Date 14-Sep-2022
*Superhouse Ltd. Dividend Rs. 1 Ex Date 14-Sep-2022

Brokerage Radar:

MS on SBI (management meet takeaways)
OW, TP Rs 675
a) loan growth momentum remains strong
b) expect margins to improve hereon
c) asset quality remains benign
d) digital initiatives are gaining strong traction
Expect margin improvement to resume from F2Q23.

MS on IndusInd Bk (management meet takeaways)
Buy, TP Raised to Rs 1400 (on roll fwd)
Biz momentum improving
It expects high-teen growth now & for credit costs to normalise at a guided 1.2%-1.5% for FY23 leading to an ROA of 1.8%-2.0%.
Growth visibility continues to improve
Deposit growth seen at 18-20% YoY, aided by strong traction in new initiatives
Margins remain stable
Slippages should moderate, driving credit costs of 120-150bps.

MS on BoB (management meet takeaways)
OW, TP Rs 170
Key takeaways
a) margins to improve 10-15 bps in F23
b) loan growth to be sustained in low double digits
c) asset quality trends remain strong
d) value unlocking in subsidiaries in progress.

Jefferies on Adani Ports (management meet takeaways)
Buy, TP Raised to Rs 1100 from Rs 850
Co aims to leverage its strong B/S to benefit from gradual vol recovery
Int. foray not at cost of returns
Raise FY23-25E vol by 3-7% to factor in 1QFY23 & EPS by 5-11%.

CLSA on TCS (management meet takeaways)
O-P, TP Rs 3750
Clients, especially in Europe, are watchful of macroeconomic variables
However, no consequential biz impact, for now
Near-term momentum healthy for both rev & deal wins
Margins should improve from 1Q levels.

Nomura on IT
Remain cautious
More evidence of rev slowdown ahead
Slowing rev & high inflation to dampen IT tech budgets in CY23E/ FY24F
Preferred Buy- Infosys & TechM (in large caps) & Persistent (in mid-caps)
Reduce ideas- TCS (in large cap) & LTI (in mid-caps).

Namaste !!

Stock Market valo k 2 Major Sawal,

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Cost of Laptops in India can fall from Rs 1 lakh to 40,000 per unit once chip & glass is available in India - Vedanta Chairman.