AIFs circumventing regulations: Over 40 cases involving Rs 30,000 crore, says SEBI

https://www.moneycontrol.com/news/business/markets/aifs-circumventing-regulations-over-40-cases-involving-rs-30000-crore-says-sebi-12089861.html


Market regulator SEBI (Securities and Exchange Board of India) has found more than 40 cases where AIFs (alternative investment funds) appear to have been structured to facilitate circumvention of certain financial sector regulations, to the tune of over Rs 30,000 crore.

The regulator said that these cases are not exhaustive and its investigation is not complete yet.

@AlliesFin

Stock Market is the only place, you don't have any competition unlike any other business for making profits. You compete with yourself based on your learning, analysis, responsible for entry and exit and make profits.

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Mkt. Updates :

GIFT Nifty +75 pts (21278) from last trade 21203 ,

T.me/AlliesFin

Nikkei -117 pts ,
Hangseng +248 pts ,


Dow -96.36 pts ,Nsdq +65.66 pts, S&P
+14.17 pts ,, Bovespa +1660 pts , Ftse -1 pts , Dax -56 pts , Cac -25 pts , Crude @ $74.41 brl (+0.04), Brent @ $79.55 brl (+0.00) , Gold @ 2028.20 (+2.40), Silver $22.54 (+0.07), Euro @ $1.0855, JPY @ $148.05, INR @ 83.175


US GOVT. 10-YR YIELD : 4.14%


*Today's Corporate Action, 24 Jan Ex Date :*
 
AKSHAR
E.G.M.     
PRIMEFRESH
E.G.M.     
SABTN
Resolution Plan -Suspension 
SHRAJSYNQ
E.G.M.     
WIPRO
Interim Dividend - Rs. - 1.0000


*Today's Key Results/Board Meetings, 24-Jan-24 :*

AARTIDRUGS
Audited Results;Quarterly Results;Interim Dividend  
ACIIN
Quarterly Results        
ACL
Quarterly Results        
ASHUTPM
Quarterly Results        
AUSOMENT
Quarterly Results;General      
BAJAJ-AUTO
Quarterly Results        
BALKRISIND
Quarterly Results;Interim Dividend    
BDL
Quarterly Results;General      
BLUEDART
Quarterly Results        
BOROLTD
General          
BROOKS
Issue Of Warrants;Rights Issue;General;Preferential Issue of shares
BSOFT
Quarterly Results        
CANBK
Quarterly Results        
CARERATING
Quarterly Results        
CEATLTD
Quarterly Results;General      
CHALET
Quarterly Results;General      
CMSINFO
Interim Dividend;Quarterly Results    
COLABCLOUD
Increase in Authorised Capital;Bonus issue;Stock  Split;General
CONCOR
Quarterly Results;Interim Dividend;General    
CYBERTECH
Quarterly Results        
DALBHARAT
Quarterly Results        
DCBBANK
Quarterly Results        
DCMFINSERV
Voluntary Delisting of Shares      
DLF
Quarterly Results        
EIMCOELECO
Quarterly Results;General      
ENBETRD
Quarterly Results        
EPIGRAL
Quarterly Results        
EXIDEIND
Quarterly Results        
GINNIFILA
Quarterly Results        
HEUBACHIND
Quarterly Results        
INDIANB
Quarterly Results        
INDOSOLAR
Quarterly Results        
INDOSTAR
Quarterly Results;General      
INFOBEAN
Quarterly Results        
IOB
Quarterly Results        
IOC
Quarterly Results        
ISMTLTD
Quarterly Results        
JATTAINDUS
General          
JSWHL
Quarterly Results        
JUPITERIN
Quarterly Results;General      
KIRLPNU
Quarterly Results;Interim Dividend    
KOLTEPATIL
Quarterly Results;General      
LAURUSLABS
Quarterly Results        
LXCHEM
Quarterly Results        
MASFIN
Quarterly Results;General      
PERFEPA
Quarterly Results        
PNBGILTS
Quarterly Results        
PNBHOUSING
Quarterly Results;General      
PREMEXPLN
Quarterly Results        
QUICKHEAL
Quarterly Results        
RADIOCITY
Dividend on Preference Shares;Quarterly Results  
RAILTEL
Quarterly Results        
RAINBOW
Quarterly Results        
RAJKSYN
Quarterly Results        
RAMASTEEL
Increase in Authorised Capital;Bonus issue;General  
RAMGOPOLY
Quarterly Results;General      
REDTAPE
Quarterly Results;General      
REFEX
Stock  Split        
ROBU
Quarterly Results        
SAGCEM
Quarterly Results        
SARLAPOLY
Quarterly Results        
SBC
Quarterly Results        
SHARDACROP
Quarterly Results        
SHAREINDIA
Quarterly Results;Interim Dividend    
SHIVACEM
Quarterly Results        
SHRAAITECH
Quarterly Results        
SHRDAIS
Quarterly Results        
SIMPLXREA
Quarterly Results        
SPSINT
Quarterly Results        
SWADEIN
Quarterly Results        
TATASTEEL
Quarterly Results;General      
TCIIND
Quarterly Results        
TECHM
Audited Results;Quarterly Results    
TTL
Quarterly Results        
TVSMOTOR
Quarterly Results        
UCOBANK
Quarterly Results        
UJJIVANSFB
Quarterly Results        
UTLINDS
Quarterly Results;General      
VIRINCHI
Quarterly Results        
VTL
Quarterly Results        
WANBURY
Quarterly Results        
WSFX
Quarterly Results        
ZARCOLEA
Quarterly Results


*SEC. IN F&O BAN FOR, 24-JAN-24 :*

*1. BALRAMCHIN 2. IRCTC 3. NATIONALUM 4. OFSS 5. RBLBANK*

*ADDITION : NIL*
*DELETION : ABFRL, DELTACORP, IEX, POLYCAB, SAIL, ZEEL*

*News Headlines from Business News Agencies :*

*Business Standard :*

📝 Uttar Pradesh government plans to cash in on semiconductor PLI scheme

📝 Govt raises import duty on gold, silver jewellery

📝 Karnataka Bank Q3 net profit rises 10%, asset quality deteriorates

📝 Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data

📝 Food delivery major Swiggy teases doubling platform fee from Rs 5 to Rs 10

📝 Zee plummets 30% as Sony calls off merger; CLSA downgrades stock to 'sell'

📝 Global investments in Indian real estate sector dip due to high inflation

📝 Red Sea disruptions likely to dent India's growth forecast, says Fitch

📝 Udaan's CFO Aditya Pande quits to join IndiGo parent as group CEO

📝 Govt evaluating 9 proposals on semiconductor manufacturing: MoS IT

📝 Central Bank of India plans offer for sale to reduce govt's stake

📝 Indian tea exporters tackle West Asia market loss, gain ground in Iraq


*Economic Times :*

📝 Cost overrun ratio rises to a three-month high in December: MoSPI

📝 Indian Hotels Co Ltd signs its third hotel in Ayodhya

📝 Indian electronics maker Dixon expects near-50% FY rev growth in 2024: Executive

📝 GenAI spending by banks to reach $85 billion globally by 2030: report

📝 India's year-on sugar production till January 15 lags by 5.28%

📝 Mahindra Logistics announces 6.5 lakh sq ft multi-client warehousing facility in Maharashtra

📝 France's Sanofi to buy US drugs project INBRX-101 for about $2.2 billion

📝 ATC India buyout to lend more ammo to Canada's Brookfield to fight Indus Towers

📝 Vedanta Sesa Goa COO says company committed to foster sustainable approach to mining

📝 Interim Budget may target 5.3% fiscal deficit for FY25: Ind-Ra

📝 India could be USD 5 trillion economy by 2025: Minister Hardeep Puri

📝 Bharat Innovative Glass Technologies commits Rs 1,003 cr investment in Tamil Nadu


*Mint :*

📝 Cyient DLM Q3 result: Net profit increases to ₹18.44 crore

📝 Big ATM push by banks, 10,000 new ATMs to be installed, says report

📝 Tata Elxsi Q3 Results: Net Profit rises 6% YoY to ₹206.4 crore

📝 Axis Bank Q3 results: Net profit at Rs 6,071 cr rises 4% YoY

📝 Hero MotoCorp to roll out three electric two-wheelers by early next year

📝 Gaming startup Stan secures $2.7 million in Pre-Series A round

📝 Jeh Aerospace inaugurates manufacturing facility in Hyderabad

📝 India consumer confidence improves in January, survey reveals

📝 Oxford University severs ties with TCS citing “technical problem”

📝 ONGC gets govt clearance for clean energy projects, gas business unit

📝 Byju's reports Rs 5,014 cr in operating revenue, Rs 8,245 in losses in FY22

📝 Cipla incorporates arm to sell, distribute pharma drugs in Mexico

🇮🇳India Daybook Stocks in News


*Sona BLW:* Net profit up 24% at ₹133.6 cr vs ₹107.1 cr, Revenue up 15.8% at ₹781.8 cr vs ₹675.3 cr (YoY). (Positive)

*Glenmark Life:* Net profit up 13.1% at ₹118.8 cr vs ₹105 cr, Revenue up 5.9% at ₹572.8 cr vs ₹540.7 cr (YoY) (Positive)

*L&T FH:* Net Profit up 41.1% At ₹640.2 Cr Vs ₹453.6 Cr, NII up 7.2% at ₹1,952.9 cr vs ₹1,820.9 cr (YoY) (Positive)

*KEI Ind:* Net Profit up 17.1% at ₹150.6 cr vs ₹128.6 cr, Revenue up 15.5% at ₹2,061.7 cr vs ₹1,784.3 cr (YoY) (Positive)

*Cyient DLM:* Net Profit up 21.6% at ₹6.2 cr vs ₹5.1 cr, Revenue up 10% at ₹321 cr vs ₹291.8 cr (QoQ) (YoY)

*Purvankara:* Revenue 574 Cr Vs 392 Cr, +46.4%. EBITDA 199 Cr Vs 111 Cr, +79.2% (Positive)

*Netweb Tech:* PAT up 72.2% QoQ; revenue rises 74.9%(Positive)

*Lupin:* Company gets tentative U.S. FDA approval for ANDA of Rivaroxaban Tablets. (Positive)

*AU Bank:* CCI approves merger of Fincare Small Finance Bank with the bank (Positive)

*Tata Elxsi:* Net Profit up 3.1% at ₹206.4 cr vs ₹200.2 cr (QoQ) Revenue up 3.7% at ₹914.2 cr vs ₹881.7 cr (QoQ) (Neutral)

*Axis Bank:* NII at Rs 12533.0 crore versus Poll of Rs 12547.0 crore, Net Profit at Rs 6071.0 crore versus Poll of Rs 6072.0 crore (Neutral)

*Indus Tower:* Net Profit up 19% At ₹1,540.1 Cr Vs ₹1,294.7 Cr, Revenue up 0.9% At ₹7,199 Cr Vs ₹7,132.5 Cr (QoQ) (Neutral)

*Pidilite:* Net profit at ₹510.9 cr vs poll of ₹495 cr (YoY), Revenue at ₹3,130 cr vs poll of ₹3,206 cr (YoY) (Neutral)

*MGL:* Net profit at ₹317.2 cr vs poll of ₹297 cr, Revenue at ₹1,568.8 cr vs poll of ₹1,514 cr (YoY). (Neutral)

*Rallis:* Net Profit up 9.1% at ₹24 cr vs ₹22 cr, Revenue down 5.1% at ₹598 cr vs ₹630 cr (YoY). (Neutral)

*KTK Bank:* Net Profit up 10.1% at ₹331.1 cr vs ₹300.7 cr, NII down 0.9% at ₹827.6 cr vs ₹834.8 cr (YoY) (Neutral)

*JSW Energy:* Net profit up 28.8 percent at Rs 231.3 crore, Revenues up 13.0 percent at Rs 2542.8 crore (Neutral)

*Music Broadcast:* PAT down 37.4% YoY; revenue up 10.5%. (Neutral)

*Man Industries:* PAT down 17.7% YoY; revenue rises 26.6%. (Neutral)

*Havells:* Net profit at ₹287.9 cr vs poll of ₹330 cr, Revenue at ₹4,400.6 cr vs poll of ₹4,631 cr (YoY)

*KTK Bank:* Gross NPA at 3.64% vs 3.47%, Net NPA at 1.55% vs 1.36% (QoQ)

*Sasken:* Revenue Down 6% at Rs 96.4 Cr Vs Rs 102.5 Cr, EBIT Down 58.6% at Rs 3 Cr Vs Rs 12.7 Cr

*ICRA:* Revenue +11.3% at Rs 114.6 Cr Vs Rs 103 Cr, EBITDA Down 16.3% at Rs 30.3 Cr Vs Rs 36.2 Cr

*Agro Tech Foods:* PAT down 63.1% YoY; revenue declines 14.3%

*Tanla Platforms:* PAT down 1.7% QoQ; revenue declines 0.6%

Photo from Axit D Shah Aapka Saarthi @StockArthi @AlliesFin Learn & Earn Market ll us

24/1/2024
BSE:+689(71060)
NSE:+215(21453)
MID:+636(37884)
SML:+745(44124)
FII|FPI:-6934Cr
DII:+6012Cr
B.Crude: 79
Gold$:2032=INR: 62171
Silver: 71701
$/Rs: 83.12
7.18 : 2033 G-Sec: 7.18
NSE PE: 22.39
T.me/AlliesFin

Mkt updates : @AlliesFin

GIFT Nifty -50 pts (21439) from last trade 21489 ,

Nikkei -135 pts ,
Hangseng +90 pts ,


Dow -99.06 pts ,Nsdq +55.98 pts, S&P
+3.95 pts , Bovespa -446 pts , Ftse +41 pts , Dax +262 pts , Cac +67 pts , Crude @ $75.37 brl (+0.28), Brent @ $80.23 brl (+0.68) , Gold @ 2016.00 (+0.0), Silver $22.785 (-0.10), Euro @ $1.0883, JPY @ $147.49, INR @ 83.105


US GOVT. 10-YR YIELD : 4.18%


Today's Corporate Action, 25 Jan Ex Date :

AHLEAST
E.G.M.     
ARNOLD
Buy Back of Shares   
BRIJLEAS
E.G.M.     
DOLPHIN
Stock  Split From Rs.10/- to Rs.1/-
IIFL
Interim Dividend - Rs. - 4.0000
JOYREALTY
E.G.M.     
KDDL
Dividend - Rs. - 58.0000
KSOLVES
Interim Dividend - Rs. - 7.5000
MAGNUM
Right Issue of Equity Shares 
MASTEK
Interim Dividend - Rs. - 7.0000
RHL
E.G.M.     


Today's Key Results/Board Meetings, 25-Jan-24 :

20MICRONS
Quarterly Results        
ACC
Quarterly Results        
ADANIPOWER
Quarterly Results;General      
ADLINE
Quarterly Results;General      
AEROFLEX
Quarterly Results        
ARCHIDPLY
Quarterly Results        
ARYAN
Quarterly Results;General      
ASAHIINDIA
Quarterly Results;General      
ASAL
Quarterly Results        
ASALCBR
Quarterly Results        
ASTEC
Quarterly Results        
AUBANK
Quarterly Results        
BOBSHELL
Quarterly Results        
CHEMBOND
Quarterly Results        
CHOLAFIN
Quarterly Results        
CONTICON
Quarterly Results        
CYIENT
Quarterly Results        
DBCORP
Quarterly Results        
ELECON
Quarterly Results;General      
EQUITASBNK
Quarterly Results        
EY
Quarterly Results        
FORBESCO
Quarterly Results        
GARNETINT
Quarterly Results;General      
GGL
Quarterly Results        
GKCONS
Quarterly Results        
HINDPETRO
Interim Dividend;Quarterly Results    
IBINFO
Interim Dividend;Quarterly Results    
IEX
Interim Dividend;Quarterly Results    
IFBIND
Quarterly Results        
IGL
Quarterly Results        
INTELLECT
Quarterly Results        
INTLCOMBQ
Quarterly Results        
IONEXCHANG
Quarterly Results        
JAYNECOIND
Quarterly Results;General      
JSWSTEEL
Quarterly Results;General      
KABRAEXTRU
Quarterly Results        
KFINTECH
Quarterly Results        
KJMCCORP
Quarterly Results        
KRITI
Quarterly Results        
KRITINUT
Quarterly Results        
LTFOODS
Quarterly Results        
LUCENT
Quarterly Results;General      
MAHSCOOTER
Quarterly Results        
MEHIF
Quarterly Results        
MEHSECU
Quarterly Results        
MPCOSEMB
Quarterly Results        
NOVARTIND
Quarterly Results        
OMKAR
Quarterly Results        
PNB
Quarterly Results        
POOJA
Quarterly Results;General      
PREMIERPOL
Quarterly Results        
PRIMIND
Quarterly Results;General      
PRIVISCL
Quarterly Results        
PRUDENT
Quarterly Results        
REGIS
Quarterly Results;General      
RML
Quarterly Results        
RSSOFTWARE
Audited Results;Quarterly Results    
RUSHIL
Quarterly Results;General      
SBFC
Quarterly Results        
SBICARD
Quarterly Results        
SBILIFE
Quarterly Results        
SGRL
Rights Issue;General        
SHAKTIPUMP
Quarterly Results;General      
SHRIDINE
Quarterly Results;General      
SHRIRAMFIN
Quarterly Results;General      
SOBME
General          
STANPACK
Quarterly Results        
STLTECH
Quarterly Results        
STML
A.G.M.          
SURANAT&P
Quarterly Results        
SWARAJENG
Quarterly Results        
SYNGENE
Quarterly Results        
TATATECH
Quarterly Results        
TRANSCHEM
Quarterly Results        
TVSHLTD
Quarterly Results        
UNIVAFOODS
Quarterly Results        
UVDRHOR
Stock  Split        
VEDL

Quarterly Results        
VELOXIND
Quarterly Results        
VIVANTA
Quarterly Results;General      
VSFPROJ
Quarterly Results        
WALCHPF
Quarterly Results        
WEBELSOLAR
Quarterly Results;General      
WELSPLSOL
Quarterly Results


SEC. IN F&O BAN FOR, 25-Jan-24 :

1. ZEEL


Today's Alert :

RBI to Conduct Auction of GOI BONDS for INR 330 Billion

News Headlines from Business News Agencies : @AlliesFin

Business Standard :

📝 Tech Mahindra Q3 profit declines 60% as communications vertical lags

📝 Sony vows growing India media presence despite aborted merger in letter

📝 SoftBank offloads another 2% in Paytm as fintech sees spate of selldowns

📝 IOC Q3 net profit soars to Rs 8,063 cr, on road to best-ever annual earning

📝 Regulator fines Air India Rs 1.1 cr for violating flight safety rules

📝 'Data protection seal' to vet platforms for privacy benchmarking: DSCI

📝 Focus on reducing losses, bring in efficiency: Byju's India CFO Golani

📝 $5 bn for EV, 20 unicorns women-led: Path of Indian startup boom since 2014

📝 Centre begins re-auction for 10 GWh tranche of ACC battery PLI scheme

📝 Sebi's new disclosure norms likely to impact few FPIs due to exemptions

📝 Niva Bupa premium growth may slow down to 25-30% over next 3-5 years: CEO

📝 Wabtec wins $157 mn order for train braking system from Siemens India


Economic Times :

📝 Gainwell Commosales to acquire TIL Limited, invest Rs 1000 crore for expansion

📝 NITI, agri ministry, FAO launch investment forum for advancing climate resilient agrifood system

📝 Metal recycling industry calls for policy adjustments to boost circular economy

📝 Vodafone Idea pays Rs 300 crore of old dues to Indus Towers

📝 TVS Motor Q3 Results: Net profit rises 59% YoY to Rs 479 crore

📝 CPI Inflation to ease in coming months: Flash Purchase Managers’ index launched jointly by HSBC and S&P

📝 Tesla plans to build new electric vehicles in mid-2025

📝 India's coffee exports fell 5.4% in 2023

📝 Construction companies likely to benefit from improving awarding of road projects

📝 DLF reports highest quarterly sales booking of Rs 9,047 crore during Q3 of FY24

📝 India Forbes global properties to develop 11 million sq ft across Mumbai, Delhi and Goa

📝 Govt begins re-auction for 10 GWh of battery PLI

Mint :

📝 Sebi releases framework for Offer for Sale to employees through stock exchange

📝 Dalmia Bharat Q3 net profit up 22% as commodity prices ease

📝 DLF Q3 Results: Net profit rises 27% to ₹656 crore on sustained housing demand

📝 India's Oil Imports from Russia Decline; China Top Destination for Russian Oil

📝 UCO Bank Q3 results: Profit down 23% at ₹503 crore YoY

📝 IOB Q3 results: Profit rises 30% to ₹723, income surges to ₹7,437 crore YoY

📝 Government allows direct listing of securities by Indian companies on GIFT IFSC

📝 Bajaj Auto Q3 Results: Net profit rises 37% to ₹2,042 crore, revenue up 30%

📝 Canara HSBC Life Insurance launches iSelect Guaranteed Future Plus

📝 Indian economy gains momentum in January: HSBC

📝 Karnataka signs MoUs worth ₹23,000 crore at WEF; AI, sustainability in focus

📝 Nazara-owned Nodwin Gaming acquires Comic Con India

🇮🇳 India Daybook Stocks in News @AlliesFin


Balkrishna Industries: Net Profit at Rs 305.42 cr versus Rs 108.38 crore; revenue at Rs 2,274 cr versus Rs 2166 crore YoY (Positive)

CEAT: Revenue up 8.6% at Rs 2.963.1 cr vs Rs 2,727.2 cr, Net Profit at Rs 181.3 cr vs Rs 34.9 cr (YoY) (Positive)

Railtel: Net Profit up 94.5% at 62.1 crore; revenue rises 47.1% at Rs 668.0 crore YoY (Positive)

CARE Ratings Q3: PAT up 47% at 23.5 crore YoY; revenue rises 26.6% at 79.0 crore YoY (Positive)

Tata Steel: Revenue reported at Rs 55312 crore versus poll Rs 57025 crore, Net profit reported at Rs 513 crore versus of poll Rs 24 crore (Positive)

Mastek: Company partners with Microsoft to transform industries using Generative AI (YoY) (Positive)

Mazagon Dock: Defence Ministry signs contract worth Rs 1,070 crore with company for 14 fast patrol vessels for Indian Coast Guard. (Positive)

Coal India and BHEL: Companies to invest up to Rs 11,782 crore in coal-to-ammonium nitrate joint venture project in Odisha. (Positive)

Tips Ind: Company is targeting 30% YoY growth in both top and bottom line (Positive)

Amber Ent: Titagarh Rail signs joint venture agreement with Amber Enterprises unit Sidwal Refrigeration. (Positive)

Piramal Enterprises: Arm Piramal Alternatives Trust to acquire 10.39% stake in Annapurna Finance for ₹300 crore (Positive)

DLF: Company received highest quarterly new sales bookings in Q3 (Positive)

Borosil: Company to raise up to Rs 250 crore via qualified institutional placement. (Positive)

Tata Motors: Company seeks to deregister all its U.S.-listed securities from country's capital markets regulator. (Neutral)

Tech Mahindra: Revenue at Rs 13,101 cr Vs poll of Rs 12,813 cr, EBIT at Rs 703 cr vs poll of Rs 692 cr (Neutral)

Bajaj Auto: Net profit of Rs 2,042 cr vs poll of Rs 1,983 cr, Revenue at Rs 12114 Cr Vs poll Rs 11896 Cr (QoQ) (Neutral)

TVS Motors: Net profit of Rs 593.0 cr vs poll of Rs 539.0 cr Revenue at Rs 8,245 cr vs poll of Rs 8,188 cr (Neutral)

DCB Bank: Net Profit up 11.2% at Rs 126.6 cr vs Rs 113.9 cr, NII up 6.3% at Rs 474 cr vs Rs 446 cr (YoY) (Neutral)

UCO Bank: Net Profit down 23% at Rs 502.8 cr vs Rs 653 cr, NII up 1.9% at Rs 1,988.1 cr vs Rs 1,951.8 cr (YoY) (Neutral)

Container Corp: Revenue reported at Rs 2211 crore versus poll Rs 2266 crore, Net profit reported at Rs 331 crore versus of poll Rs 362 crore (Neutral)

Adani Enterprise: Board of Directors of the Company is scheduled on 01/02/2024 for Q3FY24 Results (Neutral)

NHPC: Government to issue up to 50.50 lakh shares at Rs 71/sh via Offer for Sale to eligible employees (Neutral)

DLF: Net Profit up 26.6% at Rs 655.7 cr vs Rs 517.9 cr, Revenue up 1.8% at Rs 1,521.3 cr vs Rs 1,494.8 cr (YoY) (Neutral)

Dalmia Bharat: Net profit of Rs 266 cr vs poll of Rs 253 cr, Revenue at Rs 3,600 cr vs poll of Rs 3,477 cr (Neutral)

Sagar Cements: Net loss at Rs 10.18 cr versus loss of Rs 23.7 crore; revenue up 16.3% YoY (Neutral)

Rainbow Children: PAT up 7.3% at Rs 62.0 crore YoY; revenue rises 9.6% at Rs 336.0 crore (Neutral)

Blue Dart: PAT up 0.3% at Rs 89.0 crore YoY; revenue rises 3.4% at Rs 1383.0 crore (Neutral)

Quick Heal: PAT down 22% QoQ; revenue up 4.5% (Neutral)

PNB Housing Finance: PAT at Rs 347 cr vs Rs 272 cr, up 27.3% YoY (Neutral)

HDFC Bank: Sources say bank will prioritise margin over growth (Neutral)

Laurus Lab: Net Profit down 88.7% at Rs 23 cr vs Rs 203 cr, Revenue down 22.6% at Rs 1,195 cr vs Rs 1,544.8 cr (YoY)

IndoStar Capital Fin: PAT down 54% at Rs 15.0 crore YoY; NII declines 11.1%

Aarti Drugs: PAT down 13.9% at Rs 31.6 crore YoY; revenue declines 14%

Zee Ent: Many offices of Essel group operated from Continental building premises

NVDA weighting in S&P 500 now nearly equal to entire energy sector…
T.me/AlliesFin
About to join AAPL, MSFT, & GOOG as stocks w/ larger weighting than energy.

China in 2024 So Far : @AlliesFin

1. China's biggest brokerage restricts short selling

2. China reportedly weighs a $280 billion stimulus package

3. China unexpectedly cuts reserve ratio for banks

4. China tells funds to stop shorting index futures

5. Hong Kong's stock index hits its lowest level in 2 decades

Stay Tuned for udpates
T.me/AlliesFin

What is happening in China ?

HPCL: CO DECLARED 15 RUPEES DIVIDEND PER SHARE

Coal India, Reliance Industries, Adani Enterprises, BHEL, Gail, IOCL, NLC India

Cabinet approved the scheme for the promotion of coal gasification projects with an outlay of Rs 8,500 crore. Incentives for coal gasification projects to be implemented under 3 categories.

25/1/2024
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