India Daybook – Stocks in News
Reliance: Jio launches Jio True 5G, the world’s most advanced 5G service (Positive)
Bharat Forge/RK Forge/Motherson: North America Class 8 Truck orders at 53,700 units, up 151% MoM & 34% YoY, highest monthly orders (Positive)
JSW Energy: Company enters into a MoU with Maharashtra Govt for setting up a 960 MW hydro pumped storage project. (Positive)
ZEEL: CCI India approves Zee-Sony merger proposal with certain modifications (Positive)
AU bank: Total deposits up 7% at Rs 58335 cr, Recoveries at 109% Vs 106% QoQ (Positive)
Sterlite Tech: Company completes divestment of stake in Impact Data Solutions, UK (Positive)
Zydus Life: Company gets final USFDA nod & 180 days shared exclusivity for Brivaracetam tablets (Positive)
IEX: Company achieved 8160 MU volume in September 2022, up 5 percent MoM (Positive)
*HFCL: Company to invest Rs 450 crore, make telecom parts. (Positive)
Sugar stocks: India's record sugar exports during 2021-2022 bring in Rs 40,000 crore worth of foreign exchange (Positive)
Atul Auto: Atul Auto to consider fundraising on October 8 (Positive)
Jubilant FoodWorks: Jubilant FoodWorks arm acquires additional stake in Netherlands-based DP Eurasia NV. (Positive)
Oil upstream stocks: OPEC+ panel proposes a cut of 2 million barrels a day to its output, From Bloomberg (Positive)
IRB Infrastructure: Says refinance of loan by Solapur Yedeshi Tollway project (Positive)
SpiceJet is expecting to receive an additional ₹1,000 cr as part of modified ECLGS (Positive)
HCL Tech: Company to hire 1,000 people in Brazil in the next two years. (Neutral)
Tata Steel: Company divests 19% stake in AL Rimal to Tanmia. (Neutral)
RBL bank: Total deposits up 5% at Rs 79,407 cr Vs Rs 75,588 cr, CASA ratio 36.2% Vs 35.4% YoY (Neutral)
Indiabulls Housing Finance: Company hikes lending rates by 50 bps (Neutral)
ICICI Bank: Hikes lending rates by 10 bps across tenures, hikes external benchmark lending rate by 15 bps to 9.25% (Neutral)
GAIL: Company appoints Sandeep Kumar Gupta as Chairman & MD. (Neutral)
Godrej CP: In India, expect to deliver high single-digit sales growth. Company's 3-year CAGR remains robust and close to double-digits (Neutral)
Bank of Maharashtra: Q2 advances (provisional) at ₹1.48 lakh crore vs ₹1.41 lakh crore (QoQ) (Neutral)
South Indian Bank sees a 17% increase YoY in gross advances in Q2 while deposits remain flat (Neutral)
Britannia: Company acquires control of Kenafric Biscuits (Neutral)
Vedanta: Q2 total aluminium production up 2% at 5.84 lakh tonnes Vs 5.70 lakh tonnes (YoY) (Neutral)
HDFC: Loans assigned in Q2 amount to ₹ 9,145 crore Vs ₹ 7,132 crore (YoY) (Neutral)
Quess Corp: Appoints Kamal Pal Hoda as Group CFO (Designate) with immediate effect (Neutral)
Marico: Consolidated revenue in September FY23 quarter grew in low single digits on a year-on-year basis (Neutral)
Ratnamani Metals: Buys majority stake in Ravi Technoforge (Neutral)
State Bank: Fitch Affirms State Bank of India at ‘BBB-’; Outlook Stable (Neutral)
Adani Green Energy: Says its unit incorporated three new units to produce, sell, distribute renewable energy (Neutral)
Oil downstream stocks: OPEC+ panel proposes a cut of 2 million barrels a day to its output, From Bloomberg
Reliance: Jio launches Jio True 5G, the world’s most advanced 5G service (Positive)
Bharat Forge/RK Forge/Motherson: North America Class 8 Truck orders at 53,700 units, up 151% MoM & 34% YoY, highest monthly orders (Positive)
JSW Energy: Company enters into a MoU with Maharashtra Govt for setting up a 960 MW hydro pumped storage project. (Positive)
ZEEL: CCI India approves Zee-Sony merger proposal with certain modifications (Positive)
AU bank: Total deposits up 7% at Rs 58335 cr, Recoveries at 109% Vs 106% QoQ (Positive)
Sterlite Tech: Company completes divestment of stake in Impact Data Solutions, UK (Positive)
Zydus Life: Company gets final USFDA nod & 180 days shared exclusivity for Brivaracetam tablets (Positive)
IEX: Company achieved 8160 MU volume in September 2022, up 5 percent MoM (Positive)
*HFCL: Company to invest Rs 450 crore, make telecom parts. (Positive)
Sugar stocks: India's record sugar exports during 2021-2022 bring in Rs 40,000 crore worth of foreign exchange (Positive)
Atul Auto: Atul Auto to consider fundraising on October 8 (Positive)
Jubilant FoodWorks: Jubilant FoodWorks arm acquires additional stake in Netherlands-based DP Eurasia NV. (Positive)
Oil upstream stocks: OPEC+ panel proposes a cut of 2 million barrels a day to its output, From Bloomberg (Positive)
IRB Infrastructure: Says refinance of loan by Solapur Yedeshi Tollway project (Positive)
SpiceJet is expecting to receive an additional ₹1,000 cr as part of modified ECLGS (Positive)
HCL Tech: Company to hire 1,000 people in Brazil in the next two years. (Neutral)
Tata Steel: Company divests 19% stake in AL Rimal to Tanmia. (Neutral)
RBL bank: Total deposits up 5% at Rs 79,407 cr Vs Rs 75,588 cr, CASA ratio 36.2% Vs 35.4% YoY (Neutral)
Indiabulls Housing Finance: Company hikes lending rates by 50 bps (Neutral)
ICICI Bank: Hikes lending rates by 10 bps across tenures, hikes external benchmark lending rate by 15 bps to 9.25% (Neutral)
GAIL: Company appoints Sandeep Kumar Gupta as Chairman & MD. (Neutral)
Godrej CP: In India, expect to deliver high single-digit sales growth. Company's 3-year CAGR remains robust and close to double-digits (Neutral)
Bank of Maharashtra: Q2 advances (provisional) at ₹1.48 lakh crore vs ₹1.41 lakh crore (QoQ) (Neutral)
South Indian Bank sees a 17% increase YoY in gross advances in Q2 while deposits remain flat (Neutral)
Britannia: Company acquires control of Kenafric Biscuits (Neutral)
Vedanta: Q2 total aluminium production up 2% at 5.84 lakh tonnes Vs 5.70 lakh tonnes (YoY) (Neutral)
HDFC: Loans assigned in Q2 amount to ₹ 9,145 crore Vs ₹ 7,132 crore (YoY) (Neutral)
Quess Corp: Appoints Kamal Pal Hoda as Group CFO (Designate) with immediate effect (Neutral)
Marico: Consolidated revenue in September FY23 quarter grew in low single digits on a year-on-year basis (Neutral)
Ratnamani Metals: Buys majority stake in Ravi Technoforge (Neutral)
State Bank: Fitch Affirms State Bank of India at ‘BBB-’; Outlook Stable (Neutral)
Adani Green Energy: Says its unit incorporated three new units to produce, sell, distribute renewable energy (Neutral)
Oil downstream stocks: OPEC+ panel proposes a cut of 2 million barrels a day to its output, From Bloomberg
STOCKS IN ACTION on 6th October
Atul Auto: Board Meeting On Oct 8 To Consider Proposal For Raising Of Funds
IRB Infrastructure Developers: Solapur Yedeshi Tollway Ltd., a step-down subsidiary of the company has raised R 200 crore via NCDs issued on private placement basis.
Zee Entertainment: India CCI Approves Zee-Sony Merger With Conditions
Reliance Industries: Reliance Jio Infocomm, the telecom arm of the conglomerate, will start beta trials of its 5G services in four cities—Delhi, Mumbai, Kolkata and Varanasi—from Oct. 5, and offer a ‘Welcome Offer’ for its existing users in these circles, which can be availed for by invitation.
Sunteck Realty: Care Ratings assigned ‘CARE AA-; Positive’ ratings for the company’s long-term bank facilities
Bajaj Finance: Says New Loans Booked During Q2 Fy23 Were 6.8 Mm As Compared To 6.3 Mm In Q2 Fy22
Assets Under Management (Aum) Grew By 31% To 2.18 Trln Rupees As Of 30 Sept Vs (YoY)
Jubilant Foodworks: Unit Increased Stake In DP Eurasia N.V
Cost Of Acquisition GBP 2.9m
Tata Steel: Divests 19% Stake In Oman's Al Rimal To Tanmia
Co's Shareholding Reduces From 70% To 51% In Al Rimal
Sterlite Technologies: The company has completed sell its stake (through its wholly owned subsidiary) in Impact Data Solutions Ltd., U.K. to Hexatronic Group AB.
AU Small Finance Bank: Says Total Deposits Rise 7% (QoQ) In Qtr Ending Sept 30
Gross Advances Rise 6% (QoQ) In Qtr Ending Sept 30
Apollo Sindoori Hotels: Approved Investment Of 700m Rupees In Buying 51% Stake In Faber Sindoori Management Services
Aditya Birla Capital: Got Approval From India Insurance Regulator For Capital Infusion From Abu Dhabi Investment Authority In Co's Unit
Ratnamani Metals And Tubes: To Buy Shares In Ravi Technoforge From Existing Shareholders
Deal For First Tranche Of About 53% Stake Upto 978.8m Rupees
Apollo Hospitals Enterprise: Executed Agreement To Buy 60% Stake In Kerala First Health Services
Overall Transaction For About 264m Rupees
Adani Enterprises: The company has incorporated two wholly owned subsidiaries—Alwar Alluvial Resources for manufacturing and processing of minerals, and Adani Disruptive Ventures.
Savita Oil Technologies: The company has incorporated a wholly owned subsidiary Savita GreenTec Ltd. to engage in the business of manufacturing and recycling.
Happiest Minds Technologies: To Raise Funds Upto 14b Rupees
Ashima: Is Launching Real Estate Project Named Swan Lake At Village Agol T
otal Revenues From Project Will Be About 3.5b Rupees
Indian Energy Exchange: IEX Achieves 8160 Mu Volume In September, Up 5% (Mom)
Real Time Market Clocks 19% (YoY) Growth; Highest Single-Day Volume At 104 MU
RBL Bank: Sept-Qtr Provisional Total Deposits 794.07 Bln Rupees, Up 5% (YoY)
Sept-Qtr Provisional Gross Advances 646.77b Rupees, Up 12% (YoY)
Tata Motors: The company released production, domestic sales and export figures for the July-September 2022 period. Compact UVs Nexon and Punch led the domestic sales at 79,082 units, followed by compact segment at 48,787 units.
Godrej Consumer Products: Says Indian FMCG Industry Continued To Remain Soft During Q2
Expect Consumption To Improve In Second Half Of Year
JSW Energy: Unit JSW NEO Energy Enters Into A MOU With Maharashtra Govt For Setting Up A 960 MW Hydro Pumped Storage Project
Atul Auto: Board Meeting On Oct 8 To Consider Proposal For Raising Of Funds
IRB Infrastructure Developers: Solapur Yedeshi Tollway Ltd., a step-down subsidiary of the company has raised R 200 crore via NCDs issued on private placement basis.
Zee Entertainment: India CCI Approves Zee-Sony Merger With Conditions
Reliance Industries: Reliance Jio Infocomm, the telecom arm of the conglomerate, will start beta trials of its 5G services in four cities—Delhi, Mumbai, Kolkata and Varanasi—from Oct. 5, and offer a ‘Welcome Offer’ for its existing users in these circles, which can be availed for by invitation.
Sunteck Realty: Care Ratings assigned ‘CARE AA-; Positive’ ratings for the company’s long-term bank facilities
Bajaj Finance: Says New Loans Booked During Q2 Fy23 Were 6.8 Mm As Compared To 6.3 Mm In Q2 Fy22
Assets Under Management (Aum) Grew By 31% To 2.18 Trln Rupees As Of 30 Sept Vs (YoY)
Jubilant Foodworks: Unit Increased Stake In DP Eurasia N.V
Cost Of Acquisition GBP 2.9m
Tata Steel: Divests 19% Stake In Oman's Al Rimal To Tanmia
Co's Shareholding Reduces From 70% To 51% In Al Rimal
Sterlite Technologies: The company has completed sell its stake (through its wholly owned subsidiary) in Impact Data Solutions Ltd., U.K. to Hexatronic Group AB.
AU Small Finance Bank: Says Total Deposits Rise 7% (QoQ) In Qtr Ending Sept 30
Gross Advances Rise 6% (QoQ) In Qtr Ending Sept 30
Apollo Sindoori Hotels: Approved Investment Of 700m Rupees In Buying 51% Stake In Faber Sindoori Management Services
Aditya Birla Capital: Got Approval From India Insurance Regulator For Capital Infusion From Abu Dhabi Investment Authority In Co's Unit
Ratnamani Metals And Tubes: To Buy Shares In Ravi Technoforge From Existing Shareholders
Deal For First Tranche Of About 53% Stake Upto 978.8m Rupees
Apollo Hospitals Enterprise: Executed Agreement To Buy 60% Stake In Kerala First Health Services
Overall Transaction For About 264m Rupees
Adani Enterprises: The company has incorporated two wholly owned subsidiaries—Alwar Alluvial Resources for manufacturing and processing of minerals, and Adani Disruptive Ventures.
Savita Oil Technologies: The company has incorporated a wholly owned subsidiary Savita GreenTec Ltd. to engage in the business of manufacturing and recycling.
Happiest Minds Technologies: To Raise Funds Upto 14b Rupees
Ashima: Is Launching Real Estate Project Named Swan Lake At Village Agol T
otal Revenues From Project Will Be About 3.5b Rupees
Indian Energy Exchange: IEX Achieves 8160 Mu Volume In September, Up 5% (Mom)
Real Time Market Clocks 19% (YoY) Growth; Highest Single-Day Volume At 104 MU
RBL Bank: Sept-Qtr Provisional Total Deposits 794.07 Bln Rupees, Up 5% (YoY)
Sept-Qtr Provisional Gross Advances 646.77b Rupees, Up 12% (YoY)
Tata Motors: The company released production, domestic sales and export figures for the July-September 2022 period. Compact UVs Nexon and Punch led the domestic sales at 79,082 units, followed by compact segment at 48,787 units.
Godrej Consumer Products: Says Indian FMCG Industry Continued To Remain Soft During Q2
Expect Consumption To Improve In Second Half Of Year
JSW Energy: Unit JSW NEO Energy Enters Into A MOU With Maharashtra Govt For Setting Up A 960 MW Hydro Pumped Storage Project
👍1
Recession is nothing but convergence of greed Super explanation
Banwarilal was a samosa seller in an Indian town. He used to sell 500 samosas everyday on a cart in his locality. People liked his samosas for last 30 years, because he cared for hygiene in preparation and selling, would use good quality oil and other ingredients, provide free chutneys with samosas. He would throw all unsold samosas to poor people, cow, dogs etc and did not sell unsold stale samosas to people next day.
Banwari earned good reputation and enough money from samosa selling and he never faced downfall in his sale in last 30 years. He was able to fund his son's MBA education in a famous private college in Noida out of his earnings.
Recently his son Rohit completed his MBA and came back home as he could not get appropriate placement. Rohit started taking interest in his father's samosa business. He had not been involved in his father's business earlier as he considered that to be an inferior job.
During MBA, Rohit read a lot on recession. He read that it is coming up in global economy and how it will affect job prospects, increase unemployment etc. So he thought that he should advise his father of the risks in the business of samosa selling on account of recession.
He told his father that recession may cause fall in sale of samosas, so he should prepare for cost cutting to maintain the profit.
Banwari was glad that his son knows so much about business and taking interest in his business. He agreed to follow advice of his son.
Next day, Rohit suggested using 20% used cooking oil and 80% fresh. People did not notice the change in the taste and 500 samosas were sold.
Rohit was motivated by the profit made by this savings. Next day he suggested increased share of used oil to 30% and reduce the quantity of free chutney.
That day, only 400 samosas were sold and 100 samosas were thrown to poor people and dogs.
Rohit told his father that recession has really set in as predicted by him, so more cost cutting is to be done and they would not throw stale samosas but would fry them again next day and sell them. Quantity of used oil will also be increased to 40% and to make only 400 samosas to avoid wastage.
Next day 400 samosas were sold but customers were not feeling good old taste. But Rohit told his father about savings because of his smart planning. Father told him that he may be knowing better, being educated.
Next day Rohit decided to use 50% used oil, do away with sweet chutney and provided only green chutney, made 400 samosas. That day only 300 samosas could be sold as people started disliking the taste.
Rohit told Banwari "Look , I had predicted great recession is arriving and sales would fall. Now this is happening. We will not throw away these 100 stale samosas but would fry and sell them tomorrow." Father agreed to his MBA son.
Next day, 200 fresh samosas were made with 50% used oil, 100 stale fried samosa were offered for sale but only 200 could be sold as people sensed the drastic fall in quality.
Rohit said that recession has really set in and now people have no money left to spend so they should make only 100 samosas and recycle 100 stale samosas and stop giving paper napkins .
After this only 50 samosas could be sold .
Rohit told his father " Now recession has taken people in its grip. People have lost income. So, this business will be in loss and they should stop selling samosas and do something else."
Now his father started shouting, "I did not know that they teach cheating in the name of MBA. I lost my money in getting your MBA education. In last 30 years of samosa selling, I never had recession but your greed for profit brought recession in my business and caused closure. Get out of my business and I will get it back to earlier level. If you want, I can hire you for washing dishes as that is the only thing you can do despite being MBA educated."
Banwarilal was a samosa seller in an Indian town. He used to sell 500 samosas everyday on a cart in his locality. People liked his samosas for last 30 years, because he cared for hygiene in preparation and selling, would use good quality oil and other ingredients, provide free chutneys with samosas. He would throw all unsold samosas to poor people, cow, dogs etc and did not sell unsold stale samosas to people next day.
Banwari earned good reputation and enough money from samosa selling and he never faced downfall in his sale in last 30 years. He was able to fund his son's MBA education in a famous private college in Noida out of his earnings.
Recently his son Rohit completed his MBA and came back home as he could not get appropriate placement. Rohit started taking interest in his father's samosa business. He had not been involved in his father's business earlier as he considered that to be an inferior job.
During MBA, Rohit read a lot on recession. He read that it is coming up in global economy and how it will affect job prospects, increase unemployment etc. So he thought that he should advise his father of the risks in the business of samosa selling on account of recession.
He told his father that recession may cause fall in sale of samosas, so he should prepare for cost cutting to maintain the profit.
Banwari was glad that his son knows so much about business and taking interest in his business. He agreed to follow advice of his son.
Next day, Rohit suggested using 20% used cooking oil and 80% fresh. People did not notice the change in the taste and 500 samosas were sold.
Rohit was motivated by the profit made by this savings. Next day he suggested increased share of used oil to 30% and reduce the quantity of free chutney.
That day, only 400 samosas were sold and 100 samosas were thrown to poor people and dogs.
Rohit told his father that recession has really set in as predicted by him, so more cost cutting is to be done and they would not throw stale samosas but would fry them again next day and sell them. Quantity of used oil will also be increased to 40% and to make only 400 samosas to avoid wastage.
Next day 400 samosas were sold but customers were not feeling good old taste. But Rohit told his father about savings because of his smart planning. Father told him that he may be knowing better, being educated.
Next day Rohit decided to use 50% used oil, do away with sweet chutney and provided only green chutney, made 400 samosas. That day only 300 samosas could be sold as people started disliking the taste.
Rohit told Banwari "Look , I had predicted great recession is arriving and sales would fall. Now this is happening. We will not throw away these 100 stale samosas but would fry and sell them tomorrow." Father agreed to his MBA son.
Next day, 200 fresh samosas were made with 50% used oil, 100 stale fried samosa were offered for sale but only 200 could be sold as people sensed the drastic fall in quality.
Rohit said that recession has really set in and now people have no money left to spend so they should make only 100 samosas and recycle 100 stale samosas and stop giving paper napkins .
After this only 50 samosas could be sold .
Rohit told his father " Now recession has taken people in its grip. People have lost income. So, this business will be in loss and they should stop selling samosas and do something else."
Now his father started shouting, "I did not know that they teach cheating in the name of MBA. I lost my money in getting your MBA education. In last 30 years of samosa selling, I never had recession but your greed for profit brought recession in my business and caused closure. Get out of my business and I will get it back to earlier level. If you want, I can hire you for washing dishes as that is the only thing you can do despite being MBA educated."
Thereafter , Banwari started following his age old wisdom and fair practices in business. Within a month his sale reached to 600 samosas.
*Recession is nothing but convergence of greed of government to extract more taxes, greed of big businesses to be more profitable by reducing quality and using unfair practices and also of careless arrogant employees giving pathetic service as long as profits are coming. Recession is the punishment given to businesses and government by people by restricting their spending.
*Recession is nothing but convergence of greed of government to extract more taxes, greed of big businesses to be more profitable by reducing quality and using unfair practices and also of careless arrogant employees giving pathetic service as long as profits are coming. Recession is the punishment given to businesses and government by people by restricting their spending.
• Global Economy Could Lose $4 Trillion in Output, IMF Chief Warns
• World Bank Cuts India Growth Forecast Citing Global Risks
• India Expects 90GW Solar Module Manufacturing Capacity by FY26
• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months
• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)
o India says cough syrups went only to Gambia, not sold locally
• Stocks in India Extend Rally Ahead of Company Earnings Season
• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook
• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE
o Domestic funds buy net 2.79b rupees of stocks
• Threats to Mukesh Ambani’s family: one held from Bihar: PTI
• India’s heaviest rocket to make global foray on Oct. 22: PTI
• Canara Bank (CBK): To raise MCLR by 15 bps across tenors from Oct. 7
• Dabur India (DABUR): 2Q Group Revenue Expected to Grow at Mid-Single Digits
• FSN E-Commerce Ventures (NYKAA): Says unit enter into pact with Fashion Retailer Apparel Group to undertake multi branded beauty retail in GCC
• ITC (ITC): Board meeting on Oct. 20 for 2Q earnings
• Karur Vysya Bank (KVB): To raise MCLR by 20 bps across tenors from Oct. 7
• NTPC (NTPC): Signs MoU with GE Gas for Hidrogen Co-Firing to cut CO2 emission
• Quess Corp (QUESS): Approves disinvestment of 53% stake in unit Simpliance Tech for INR1.2b
• Reliance Industries (RIL): Says Its Asteria gets Micro Category Drone certification
• Samvardhana Motherson (MOTHERSO): Inaugurates new Morocco facility
• SBI Cards (SBICARD): Says Rashmi Mohanty appointed as CFO from Oct. 21
• Themis Medicare (TMCH): Partner with NFL Biosciences for NFL-101 in India
• Yes Bank (YES): Appointed Prashant Kumar as MD & CEO for three years
• World Bank Cuts India Growth Forecast Citing Global Risks
• India Expects 90GW Solar Module Manufacturing Capacity by FY26
• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months
• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)
o India says cough syrups went only to Gambia, not sold locally
• Stocks in India Extend Rally Ahead of Company Earnings Season
• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook
• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE
o Domestic funds buy net 2.79b rupees of stocks
• Threats to Mukesh Ambani’s family: one held from Bihar: PTI
• India’s heaviest rocket to make global foray on Oct. 22: PTI
• Canara Bank (CBK): To raise MCLR by 15 bps across tenors from Oct. 7
• Dabur India (DABUR): 2Q Group Revenue Expected to Grow at Mid-Single Digits
• FSN E-Commerce Ventures (NYKAA): Says unit enter into pact with Fashion Retailer Apparel Group to undertake multi branded beauty retail in GCC
• ITC (ITC): Board meeting on Oct. 20 for 2Q earnings
• Karur Vysya Bank (KVB): To raise MCLR by 20 bps across tenors from Oct. 7
• NTPC (NTPC): Signs MoU with GE Gas for Hidrogen Co-Firing to cut CO2 emission
• Quess Corp (QUESS): Approves disinvestment of 53% stake in unit Simpliance Tech for INR1.2b
• Reliance Industries (RIL): Says Its Asteria gets Micro Category Drone certification
• Samvardhana Motherson (MOTHERSO): Inaugurates new Morocco facility
• SBI Cards (SBICARD): Says Rashmi Mohanty appointed as CFO from Oct. 21
• Themis Medicare (TMCH): Partner with NFL Biosciences for NFL-101 in India
• Yes Bank (YES): Appointed Prashant Kumar as MD & CEO for three years
News Headlines from Business News Agencies:
Business Standard :
• World currency reserves shrink by $1 trn this year in record drawdown
• Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
• IndiGrid, Brookfield show interest in buying 2 transmission projects
• Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
• Can Fin Homes to consider raising up to Rs 4,000-cr debt capital
• Google asks suppliers to produce over 8 mn Pixel 7 phones: Report
• ONGC Videsh to invest $1 billion in offshore block held by Petrobras
• RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free
• Govt receives dividend tranches from 5 companies, including SAIL, IRCTC
• WTO slashes global 2023 trade growth forecast to 1% as recession looms
• India, Indonesia debt outperforms China despite volatile global markets
Economic Times :
• Porsche overtakes Volkswagen as Europe's most valuable carmaker
• World Bank lowers India's GDP growth forecast to 6.5% from 7.5% for 2022-23
• Poonawalla Fincorp disbursals rise by 44% to Rs 3,720cr in Jul-Sep
• Rupee skids towards record low again on corporate dollar demand
• Google takes on Meta, introduces own video-generating AI
• Dabur India flags up to 200 bps margin hit in Q2
• Benchmark yield posts biggest jump in 2 months on index inclusion setback
• Akasa Air to allow pets on board as part of inclusive travel experience
• Sri Lanka begins crucial debt restructuring talks with China
• UK nurses begin biggest strike ballot in more than 100 years
• Facebook may quietly sack 12,000 employees, 15% of its workforce: report
Bloomberg :
• Global Economy Could Lose $4 Trillion in Output, IMF Chief Warns
• World Bank Cuts India Growth Forecast Citing Global Risks
• India Expects 90GW Solar Module Manufacturing Capacity by FY26
• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months
• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)
• India says cough syrups went only to Gambia, not sold locally
• Stocks in India Extend Rally Ahead of Company Earnings Season
• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook
• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE
• Domestic funds buy net 2.79b rupees of stocks
• Threats to Mukesh Ambani’s family: one held from Bihar: PTI
• India’s heaviest rocket to make global foray on Oct. 22: PTI
Business Standard :
• World currency reserves shrink by $1 trn this year in record drawdown
• Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
• IndiGrid, Brookfield show interest in buying 2 transmission projects
• Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
• Can Fin Homes to consider raising up to Rs 4,000-cr debt capital
• Google asks suppliers to produce over 8 mn Pixel 7 phones: Report
• ONGC Videsh to invest $1 billion in offshore block held by Petrobras
• RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free
• Govt receives dividend tranches from 5 companies, including SAIL, IRCTC
• WTO slashes global 2023 trade growth forecast to 1% as recession looms
• India, Indonesia debt outperforms China despite volatile global markets
Economic Times :
• Porsche overtakes Volkswagen as Europe's most valuable carmaker
• World Bank lowers India's GDP growth forecast to 6.5% from 7.5% for 2022-23
• Poonawalla Fincorp disbursals rise by 44% to Rs 3,720cr in Jul-Sep
• Rupee skids towards record low again on corporate dollar demand
• Google takes on Meta, introduces own video-generating AI
• Dabur India flags up to 200 bps margin hit in Q2
• Benchmark yield posts biggest jump in 2 months on index inclusion setback
• Akasa Air to allow pets on board as part of inclusive travel experience
• Sri Lanka begins crucial debt restructuring talks with China
• UK nurses begin biggest strike ballot in more than 100 years
• Facebook may quietly sack 12,000 employees, 15% of its workforce: report
Bloomberg :
• Global Economy Could Lose $4 Trillion in Output, IMF Chief Warns
• World Bank Cuts India Growth Forecast Citing Global Risks
• India Expects 90GW Solar Module Manufacturing Capacity by FY26
• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months
• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)
• India says cough syrups went only to Gambia, not sold locally
• Stocks in India Extend Rally Ahead of Company Earnings Season
• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook
• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE
• Domestic funds buy net 2.79b rupees of stocks
• Threats to Mukesh Ambani’s family: one held from Bihar: PTI
• India’s heaviest rocket to make global foray on Oct. 22: PTI
India Daybook – Stocks in News
Nykaa: Company signs agreement with Apparel Group to enter GCC countries (Positive)
Quess Corp: Company to divest 53% stake in subsidiary, Simpliance Technologies (Positive)
Britannia: Company clinches deal for operations in Kenya as part its plan to expand in Africa. (Positive)
HCL Tech: Company and Google Cloud expand strategic partnership in offering digital services for enterprises (Positive)
Titan: Titan Company reports 18% sales growth in Q2FY23, adds 105 stores during the quarter. (Positive)
Yes Bank: Yes Bank gets RBI approval for appointment of Prashant Kumar as MD & CEO for 3 years (Positive)
NTPC: Company signs MoU with GE Gas Power to reduce carbon intensity at Kawas gas power plant. (Positive)
Datamatics Global: Company in partnership with Scan-Optics to help enterprises optimise business performance. (Positive)
Indian Hume Pipe: Company bags order worth Rs 194 crore under Jal Jeevan Mission Project in Maharashtra. (Positive)
Themis Medicare: Company partners with NFL Biosciences for development of drug for tobacco cessation in India (Positive)
Dhruv Consultancy: Company JV bags consultancy services contract for road project in Andhra Pradesh from NHAI (Positive)
Equitas Small Finance Bank: Company clocks 20% YoY growth each in deposits, advances for Q2FY23. (Positive)
Rategain Travel: Nippon India Mutual Fund acquired 50 lakh shares in the company at an average price of Rs 292.43 per share (Positive)
Varroc Engg amends agreement for 4-wheeler lighting biz sale in Americas & Europe, reduces base price to €520 m from €600 m (Positive)
Torrent Pharma: US FDA issued 3 observations to Torrent Pharma’s Indrad Facility. (Neutral)
Dabur: Company expects to report revenue growth in mid-single digit in Q2FY23. (Neutral)
Zuari Agro: Company appoints Manish Malik as CFO (Neutral)
Gravita India: Investor Kuchhal Atul sold 9,18,663 equity shares in the company via open market transactions. (Neutral)
Lupin: Appoints Dr. Shahin Fesharaki as Global Chief Scientific Officer (Neutral)
Biocon: European Directorate for the Quality of Medicines & HealthCare (EDQM) issues a list of deficiencies for co's API manufacturing site in Bangalore. (Neutral)
Godrej CP: In India, expect to deliver high single-digit sales growth. Company's 3-year CAGR remains robust and close to double-digits (Neutral)
SBI Cards: Company appoints Rashmi Mohanty as Chief Financial Officer w.e.f. Oct 21) (Neutral)
Nykaa: Company signs agreement with Apparel Group to enter GCC countries (Positive)
Quess Corp: Company to divest 53% stake in subsidiary, Simpliance Technologies (Positive)
Britannia: Company clinches deal for operations in Kenya as part its plan to expand in Africa. (Positive)
HCL Tech: Company and Google Cloud expand strategic partnership in offering digital services for enterprises (Positive)
Titan: Titan Company reports 18% sales growth in Q2FY23, adds 105 stores during the quarter. (Positive)
Yes Bank: Yes Bank gets RBI approval for appointment of Prashant Kumar as MD & CEO for 3 years (Positive)
NTPC: Company signs MoU with GE Gas Power to reduce carbon intensity at Kawas gas power plant. (Positive)
Datamatics Global: Company in partnership with Scan-Optics to help enterprises optimise business performance. (Positive)
Indian Hume Pipe: Company bags order worth Rs 194 crore under Jal Jeevan Mission Project in Maharashtra. (Positive)
Themis Medicare: Company partners with NFL Biosciences for development of drug for tobacco cessation in India (Positive)
Dhruv Consultancy: Company JV bags consultancy services contract for road project in Andhra Pradesh from NHAI (Positive)
Equitas Small Finance Bank: Company clocks 20% YoY growth each in deposits, advances for Q2FY23. (Positive)
Rategain Travel: Nippon India Mutual Fund acquired 50 lakh shares in the company at an average price of Rs 292.43 per share (Positive)
Varroc Engg amends agreement for 4-wheeler lighting biz sale in Americas & Europe, reduces base price to €520 m from €600 m (Positive)
Torrent Pharma: US FDA issued 3 observations to Torrent Pharma’s Indrad Facility. (Neutral)
Dabur: Company expects to report revenue growth in mid-single digit in Q2FY23. (Neutral)
Zuari Agro: Company appoints Manish Malik as CFO (Neutral)
Gravita India: Investor Kuchhal Atul sold 9,18,663 equity shares in the company via open market transactions. (Neutral)
Lupin: Appoints Dr. Shahin Fesharaki as Global Chief Scientific Officer (Neutral)
Biocon: European Directorate for the Quality of Medicines & HealthCare (EDQM) issues a list of deficiencies for co's API manufacturing site in Bangalore. (Neutral)
Godrej CP: In India, expect to deliver high single-digit sales growth. Company's 3-year CAGR remains robust and close to double-digits (Neutral)
SBI Cards: Company appoints Rashmi Mohanty as Chief Financial Officer w.e.f. Oct 21) (Neutral)
Why I Love #StockMarket ?
by t.me/AlliesFin
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☝️ Stock Market Is Only Place in World where there is no bias with
Your Religion
Your Skin Color
Your Financial Status
Your Age
Your Look
🤟Only Thing Matters Here are
Your Knowledge
your Execution &
Your Experience.
Axiit Shah
#alliesfin #bharat
Like 👍 Share ✌️
by t.me/AlliesFin
Ans
☝️ Stock Market Is Only Place in World where there is no bias with
Your Religion
Your Skin Color
Your Financial Status
Your Age
Your Look
🤟Only Thing Matters Here are
Your Knowledge
your Execution &
Your Experience.
Axiit Shah
#alliesfin #bharat
Like 👍 Share ✌️
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CIRCULAR PRICE BAND CHANGE.pdf
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*SGX Nifty -290 pts (17039) from last trade 17229 ,*
Nikkei clsd ,
Hangseng -391 pts ,
Around @ 7.04am .
Dow -630.15 pts ,Nsdq -420.91 pts, S&P
-104.86 pts , Bovespa -1185 pts , Ftse -6 pts , Dax -197 pts , Cac -69 pts , Crude @ $92.71 brl (+0.07), Brent @ $97.97 brl (+0.05) , Gold @ 1705.70 (-3.60), Silver @ $20.175 (-0.08), Euro @ $0.9734, JPY @ $145.41, INR @ 82.825
*Today's Corporate Action*
*10th Oct Ex Date*
RUCHIRA
Bonus issue 1:10
UNICKE.G.M.
*Today's Key Results/Board Meetings*
*10-Oct-22*
EASEMYTRIP
Stock Split;Increase in Authorised Capital;Bonus issue
EIGHTY
General
EXCEL
General;Quarterly Results
GARNETINT
General
GITARENEW
General
GLCL
Quarterly Results;Audited Results
GORANIN
Quarterly Results
ITHL
Quarterly Results
JTLINFRA
Quarterly Results
KHYATI
General
MEFCOMCAP
Stock Split
MIL
General
MIRCH
General
REGENCY
General;Bonus issue
RRMETAL
Preferential Issue of shares
SIPTL
Quarterly Results
TCS
Audited Results;Interim Dividend
TTLEL
Increase in Authorised Capital;Preferential Issue of shares;General
VEGETABLE
General
VSFPROJ
Issue Of Warrants;Preferential Issue of shares;General
*Stock under F&O ban on NSE*
*10-Oct-22*
None
Nikkei clsd ,
Hangseng -391 pts ,
Around @ 7.04am .
Dow -630.15 pts ,Nsdq -420.91 pts, S&P
-104.86 pts , Bovespa -1185 pts , Ftse -6 pts , Dax -197 pts , Cac -69 pts , Crude @ $92.71 brl (+0.07), Brent @ $97.97 brl (+0.05) , Gold @ 1705.70 (-3.60), Silver @ $20.175 (-0.08), Euro @ $0.9734, JPY @ $145.41, INR @ 82.825
*Today's Corporate Action*
*10th Oct Ex Date*
RUCHIRA
Bonus issue 1:10
UNICKE.G.M.
*Today's Key Results/Board Meetings*
*10-Oct-22*
EASEMYTRIP
Stock Split;Increase in Authorised Capital;Bonus issue
EIGHTY
General
EXCEL
General;Quarterly Results
GARNETINT
General
GITARENEW
General
GLCL
Quarterly Results;Audited Results
GORANIN
Quarterly Results
ITHL
Quarterly Results
JTLINFRA
Quarterly Results
KHYATI
General
MEFCOMCAP
Stock Split
MIL
General
MIRCH
General
REGENCY
General;Bonus issue
RRMETAL
Preferential Issue of shares
SIPTL
Quarterly Results
TCS
Audited Results;Interim Dividend
TTLEL
Increase in Authorised Capital;Preferential Issue of shares;General
VEGETABLE
General
VSFPROJ
Issue Of Warrants;Preferential Issue of shares;General
*Stock under F&O ban on NSE*
*10-Oct-22*
None
• India Tax Collections Net of Refunds Rise 16.3% So Far This Year
o FY23 Gross Direct Tax Collections Upto Oct. 8 at INR8.98T
• Chinese and Indian Gold Buyers Are Draining New York’s Vaults
• Indian Exports Will Wither Global Headwinds: Piyush Goyal
• India Plans Phased Central Bank Digital Rupee Launch
• India’s September Oil Products Consumption Rises 8.1% Y/y
• India Raises Some Allowances for Federal Govt Staff from July 1
• India Offers to Sell Majority Stake in $5.6 Billion IDBI Bank
o India Govt, LIC Seek Bids for 60.7% Stake in IDBI Bank
• Gambia Child Deaths Linked to Contaminated Syrup Rise to 69
• World’ Top Two-Wheeler Maker Launches First Electric Scooter
• India Forex Reserves Fall $4.85B to $532.7b in Week to Sept. 30
o India Official Reserves Drop to Lowest Since July 2020
• Central Banks Plow On Hiking Rates Despite Pivot Talk
• Macro Concerns to Weigh on Tata Consultancy’s Earnings: Preview
• India Stocks Post First Weekly Gain in Four as Metals Rally
• Global Funds Sell Net INR22.5B of India Stocks on Oct. 7: NSE
o Domestic funds buy net 5.45 billion rupees of stocks
• Govt to kick off FY24 Budget making exercise on Monday: PTI
• Exporters keeping fingers crossed as recession clouds loom over EU: PTI
• Indraprastha Gas Hikes Delhi CNG Prices by INR3/KG: CNBC-TV18
• Adani Enterprises (ADE): Adani Group To Invest $7.9B in India’s Rajasthan in Seven Years
• Bajaj Finserv (BJFIN): Bajaj Allianz General Sept. Gross Direct Premium INR12.14B
• Hindustan Unilever (HUVR): NPR Finance to Sell Its Sangli Wind Turbine Generator Plant
• JSW Steel (JSTL): Unit’s Resolution Plan for National Steel Approved
• Lupin (LPC): Says Kamal Sharma to step down as board director from Oct. 14
• PNC Infratech (PNCL): Achieves financial closure for 2 road projects with Axis Bnk; total debt size of two project at INR15.6b
• Suzlon Energy (SUEL): Appoints Vinod Tanti as CMD for 3-years; Girish Tanti appointed as exec director & vice chairman
• Tata Motors (TTMT): Unit JLR 2Q sales at 88,121 units, up 12% Q/q; JLR 2Q wholesale volumes at 75,307 units, up 4% Q/q
o FY23 Gross Direct Tax Collections Upto Oct. 8 at INR8.98T
• Chinese and Indian Gold Buyers Are Draining New York’s Vaults
• Indian Exports Will Wither Global Headwinds: Piyush Goyal
• India Plans Phased Central Bank Digital Rupee Launch
• India’s September Oil Products Consumption Rises 8.1% Y/y
• India Raises Some Allowances for Federal Govt Staff from July 1
• India Offers to Sell Majority Stake in $5.6 Billion IDBI Bank
o India Govt, LIC Seek Bids for 60.7% Stake in IDBI Bank
• Gambia Child Deaths Linked to Contaminated Syrup Rise to 69
• World’ Top Two-Wheeler Maker Launches First Electric Scooter
• India Forex Reserves Fall $4.85B to $532.7b in Week to Sept. 30
o India Official Reserves Drop to Lowest Since July 2020
• Central Banks Plow On Hiking Rates Despite Pivot Talk
• Macro Concerns to Weigh on Tata Consultancy’s Earnings: Preview
• India Stocks Post First Weekly Gain in Four as Metals Rally
• Global Funds Sell Net INR22.5B of India Stocks on Oct. 7: NSE
o Domestic funds buy net 5.45 billion rupees of stocks
• Govt to kick off FY24 Budget making exercise on Monday: PTI
• Exporters keeping fingers crossed as recession clouds loom over EU: PTI
• Indraprastha Gas Hikes Delhi CNG Prices by INR3/KG: CNBC-TV18
• Adani Enterprises (ADE): Adani Group To Invest $7.9B in India’s Rajasthan in Seven Years
• Bajaj Finserv (BJFIN): Bajaj Allianz General Sept. Gross Direct Premium INR12.14B
• Hindustan Unilever (HUVR): NPR Finance to Sell Its Sangli Wind Turbine Generator Plant
• JSW Steel (JSTL): Unit’s Resolution Plan for National Steel Approved
• Lupin (LPC): Says Kamal Sharma to step down as board director from Oct. 14
• PNC Infratech (PNCL): Achieves financial closure for 2 road projects with Axis Bnk; total debt size of two project at INR15.6b
• Suzlon Energy (SUEL): Appoints Vinod Tanti as CMD for 3-years; Girish Tanti appointed as exec director & vice chairman
• Tata Motors (TTMT): Unit JLR 2Q sales at 88,121 units, up 12% Q/q; JLR 2Q wholesale volumes at 75,307 units, up 4% Q/q
TCS Q2 : CONS NET PROFIT UP 10 % TO RS 10431 CR (QOQ) , UP 8 % (YOY)
REVENUE UP 5 % AT 55309 CR (QOQ), UP 18 % (YOY)
EBIT UP 9 % AT 13279 CR (QOQ) , UP 9.3 % (YOY)
MARGINS AT 24 % V 23.1 % (QOQ), 25.9 % (YOY)
TCS:
CO DECLARED A SECOND INTERIM DIVIDEND OF RUPEES 8 PER EQUITY SHARE
Q2 OPERATING MARGIN AT 24%
Q2 LTM IT SERVICES ATTRITION RATE AT 21.5%
Q2 NET HEADCOUNT ADDITION OF 9,840.
TCS CEO Says “Demand for our services continues to be very strong. We registered strong, profitable growth across all our industry verticals and in all our major markets.
Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements. As clients prepare for a more challenging environment ahead, Technologies like cloud that have been embraced now have to be fully leveraged to realize the promised value.
TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative.”
Q2FY23 Highlights
TCS sees a stellar performance in Q2 beating street estimates; ends H1FY23 with a bang
Revenue:
Constant currency (CC) revenue growth up 15.4% YoY & 4% QoQ
Rupee terms: Rs55,309 Cr up 18%; up 4.8% QoQ
Dollar terms: $6877 m up 8.6% (owing to cross currency impact); up 1.2% QoQ
Net profit Rs 10,431 Cr (Crossed 10,000 Cr mark in net profit for the first time)
Op Margin: 24%
Net Margin: 18.9%
Order book: $8.1Bn
Geo Growth (CC YoY)
UK, Europe defy pessimistic economic outlook & post stronger growth in Q2 versus Q1
Order book in UK, Europe stronger in Q2 Vs Q1
US up 17.6%
UK up 14.8%
Continental Europe up 14.1%
Latin America up 19% (celebrate 20 years of TCS in Lat Am this quarter)
India up 16.7%
Sector Growth: (CC YoY)
Growth very strong across all verticals led by retail (which was strong last quarter as well) growing 22.9% YoY
BFSI up 13.1%
Retail up 22.9%
Life sciences & Healthcare up 14.5%
Manufacturing up 14.5%
Communication & Media up 18.7%
Technology & services 15.9%
HR:
Net addition at 9,840
Total headcount now stands at 616,171
Attrition at 21.5% (LTM); attrition projections for the coming quarters is on a downward trend
35,000 freshers onboarded in the 1st half of FY’23; with 20,000 in Q2
Women make up 35.7% of the workforce with headcount touching 219,951
TCS NQT for FY24 received half a million registrations (all time high)
11.7m learning houses, 1.5m competencies
REVENUE UP 5 % AT 55309 CR (QOQ), UP 18 % (YOY)
EBIT UP 9 % AT 13279 CR (QOQ) , UP 9.3 % (YOY)
MARGINS AT 24 % V 23.1 % (QOQ), 25.9 % (YOY)
TCS:
CO DECLARED A SECOND INTERIM DIVIDEND OF RUPEES 8 PER EQUITY SHARE
Q2 OPERATING MARGIN AT 24%
Q2 LTM IT SERVICES ATTRITION RATE AT 21.5%
Q2 NET HEADCOUNT ADDITION OF 9,840.
TCS CEO Says “Demand for our services continues to be very strong. We registered strong, profitable growth across all our industry verticals and in all our major markets.
Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements. As clients prepare for a more challenging environment ahead, Technologies like cloud that have been embraced now have to be fully leveraged to realize the promised value.
TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative.”
Q2FY23 Highlights
TCS sees a stellar performance in Q2 beating street estimates; ends H1FY23 with a bang
Revenue:
Constant currency (CC) revenue growth up 15.4% YoY & 4% QoQ
Rupee terms: Rs55,309 Cr up 18%; up 4.8% QoQ
Dollar terms: $6877 m up 8.6% (owing to cross currency impact); up 1.2% QoQ
Net profit Rs 10,431 Cr (Crossed 10,000 Cr mark in net profit for the first time)
Op Margin: 24%
Net Margin: 18.9%
Order book: $8.1Bn
Geo Growth (CC YoY)
UK, Europe defy pessimistic economic outlook & post stronger growth in Q2 versus Q1
Order book in UK, Europe stronger in Q2 Vs Q1
US up 17.6%
UK up 14.8%
Continental Europe up 14.1%
Latin America up 19% (celebrate 20 years of TCS in Lat Am this quarter)
India up 16.7%
Sector Growth: (CC YoY)
Growth very strong across all verticals led by retail (which was strong last quarter as well) growing 22.9% YoY
BFSI up 13.1%
Retail up 22.9%
Life sciences & Healthcare up 14.5%
Manufacturing up 14.5%
Communication & Media up 18.7%
Technology & services 15.9%
HR:
Net addition at 9,840
Total headcount now stands at 616,171
Attrition at 21.5% (LTM); attrition projections for the coming quarters is on a downward trend
35,000 freshers onboarded in the 1st half of FY’23; with 20,000 in Q2
Women make up 35.7% of the workforce with headcount touching 219,951
TCS NQT for FY24 received half a million registrations (all time high)
11.7m learning houses, 1.5m competencies
👌1