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เคฎเคคเคฒเคฌ เคšเคพเคฐเฅเคŸ เคฌเคฆเคฒเฅ‡ เคคเฅ‹ เค†เคช เคญเฅ€ เคฌเคฆเคฒ เคœเคพเค“,

เคšเคพเคนเฅ‡ เคฒเฅ‰เคจเฅเค— เค•เคฐเฅ‹ เคฏเคพ เคถเคพเคฐเฅเคŸ,

เคฌเคธ เคชเคฟเคš เคชเคฐ เคŸเคฟเค•เฅ‡ เคฐเคนเฅ‹ ๐Ÿ˜‡

๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚
โšก1
Mkt. Updates :

@AlliesFin

GIFT Nifty +140 pts (21650) from last trade 21510 ,

Nikkei +401 pts ,
Hangseng +261 pts ,


Dow +60.30 pts ,Nsdq -55.13 pts, S&P
-3.19 pts , Bovespa +798 pts , Ftse +105 pts , Dax +54 pts , Cac +169 pts , Crude @ $78.97 brl (+0.96), Brent @ $84.50 brl (+0.95) , Gold @ 2025.80 (+8.50), Silver $23.065 (+0.19), Euro @ $1.0841, JPY @ $148.11, INR @ 83.115


US GOVT. 10-YR YIELD : 4.14%


*Today's Corporate Action, 29 Jan Ex Date :*
 
360ONE
Interim Dividend - Rs. - 4.5000
ACCELYA
Interim Dividend - Rs. - 25.0000
CROPSTER
E.G.M.     
GOACARBON
Interim Dividend - Rs. - 10.0000
HITKITGLO
E.G.M.     
INDINFO
Right Issue of Equity Shares 
MANGIND
Right Issue of Equity Shares 
PCBL
Interim Dividend - Rs. - 5.5000
SINCLAIR
Bonus issue 1:1  


*Today's Key Results/Board Meetings, 29-Jan-24 :*

ABSLAMC
Quarterly Results      
ADANIGREEN
Quarterly Results      
ADHIRAJ
General        
ADVANIHOTR
Bonus issue;Interim Dividend;Quarterly Results
AEPL
Quarterly Results      
AERPACE
Quarterly Results      
APOLLOPIPE
Quarterly Results      
ARISE
Quarterly Results      
ASIANENE
Quarterly Results      
ATALREAL
Right Issue of Equity Shares    
B2BSOFT
Quarterly Results      
BAJFINANCE
Quarterly Results;General    
BANSWRAS
Quarterly Results      
BEL
Interim Dividend;Quarterly Results  
BHAGERIA
Quarterly Results;General    
BITS
Quarterly Results      
BPCL
Quarterly Results      
CHEMOPH
Quarterly Results;General    
CSBBANK
Quarterly Results      
CSLFINANCE
Quarterly Results      
DOLATALGO
Interim Dividend;Quarterly Results  
GAIL
Interim Dividend;Quarterly Results  
GANESHBE
General        
GANGOTRI
Quarterly Results      
GARFIBRES
Buy Back of Shares;Quarterly Results  
GATEWAY
Interim Dividend;Quarterly Results  
GNRL
Quarterly Results;General    
GODFRYPHLP
Quarterly Results      
GVFILM
General        
HERITGFOOD
Quarterly Results;General    
HIGHSTREE
Increase in Authorised Capital;Preferential Issue of shares;Quarterly Results
ICIL
Quarterly Results      
ICL
Quarterly Results;General    
IDEA
Quarterly Results      
ITC
Interim Dividend;Quarterly Results  
JAINCO
General        
JINDRILL
Quarterly Results      
JK AGRI
Quarterly Results      
JPPOWER
Quarterly Results      
KAMDHENU
Quarterly Results;General    
LAFFANSQ
Quarterly Results      
LATENTVIEW
Quarterly Results      
LGBBROSLTD
Audited Results;Issue Of Warrants  
MADHAVIPL
Quarterly Results      
MAHEPC
Quarterly Results      
MAHLOG
Quarterly Results;General    
MAHSEAMLES
Quarterly Results      
MARICO
Quarterly Results      
MARUTISE
Quarterly Results      
MIDWEST
Quarterly Results;General    
MONGIPA
Quarterly Results      
MUDRA
Quarterly Results      
MUTHOOTMF
Quarterly Results      
NAM-INDIA
Quarterly Results      
NELCAST
Quarterly Results      
NITINSPIN
Quarterly Results      
NTPC
Interim Dividend;Quarterly Results  
NUVOCO
Quarterly Results      
OCTAVIUSPL
General        
ODYSSEY
Quarterly Results;General    
PANINDIAC
Quarterly Results      
PEL
Quarterly Results;General    
PETRONET
Quarterly Results      
PHCAP
Interim Dividend;Quarterly Results  
PNB
General        
QGO
Interim Dividend;Quarterly Results;General  
RAPICUT
Quarterly Results      
RBA
Quarterly Results      
RRKABEL
Quarterly Results      
SABOOSOD
Quarterly Results      
SAMYAKINT
Quarterly Results;General    
SCL
Increase in Authorised Capital;General  
SEATV
Quarterly Results      
SEPC
Right Issue of Equity Shares    
SERIND
Quarterly Results      
SKPSEC
Quarterly Results      
SMFIL
Quarterly Results      
SNOWMAN
Quarterly Results      
SSWRL
Quarterly Results      
STYLAMIND
Quarterly Results      
SURYAINDIA
Quarterly Results;General    
TATAINVEST
Quarterly Results      
TINNARUBR
Interim Dividend;Quarterly Results  
TITANIN
Quarterly Results      
TPHQ
Quarterly Results      
TRIVENIGQ
Quarterly Results;General    
UNJHAFOR
Quarterly Results      
UTIAMC
Quarterly Results;General    
VENUSPIPES
Quarterly Results      
VINCOFE
Quarterly Results      
VIVIDIND
Quarterly Results;General    
VOLTAMP
Quarterly Results      
WHITHAL
Quarterly Results      
XPROINDIA
Quarterly Results;General    
ZENLABS
Quarterly Results      
ZENOTECH
Quarterly Results      
ZIMLAB
Quarterly Results


*SEC. IN F&O BAN FOR, 29-Jan-24 :*

*NIL*
stock in News ๐Ÿ—ž
@AlliesFin

๐Ÿ‘Varun Beverages
Started commercial production of carbonated soft drinks, juices, preform and shrink-film at its production facility at Supa, Maharashtra.

๐Ÿ‘Salasar Techno Engg
Forest Vincom Pvt. bought 21.86 lakh shares (0.69%) at Rs 119.36 apiece.

๐Ÿ‘Maharashtra Seamless
Received 2 contracts worth Rs 116 cr from Indian Oil Corporation Ltd. for supply of seamless pipes.

๐Ÿ‘RailTel Corp of India
SW Capital Private Ltd. bought 18.35 lakh shares (0.57%) at Rs 439.63 apiece.

๐Ÿ‘HDFC Bank
Life Insurance Corp has received the Reserve Bank of India's nod for acquiring up to a 9.99% stake in HDFC Bank Ltd

๐Ÿ‘DLF
The company acquires 29 acres land in Gurugram's Golf Course Extension for Rs. 825 crores

๐Ÿ‘SJVN
The Company successfully bagged 100 MW Solar Project of GUVNL Phase XXI

๐Ÿค™Shriram Finance
The company will consider raising of funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis

๐Ÿ‘Exide Industries Limited
The company has invested Rs. 50 crore by way of subscription in the equity share capital of its wholly owned subsidiary Exide Energy Solutions Limited

๐Ÿ‘Karnataka Bank
The Board of Directors in its meeting have approved to raise balance Rs. 700 crores by way of preferential issue for an amount up to Rs. 100 crore and an amount aggregating up to Rs. 600 crores through, private placement, qualified institutions placement and/or any combination

๐Ÿค™Piramal Enterprises Limited
The company has entered into share purchase agreement to sell its entire direct investment of 20% of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for a consideration of Rs. 1,440 crores

๐Ÿ‘Macrotech Developers Limited
The company has approved the proposal for enabling raising of funds up to Rs. 5000 crores by way of issuance of equity shares, eligible securities, other securities or instruments or any combination of securities, in one or more tranche or tranches

๐Ÿค™Shyam Metallics and Energy Limited
NCLT Kolkata has approved the Scheme of Amalgamation of Platinum Minmet Private Limited with Shyam Sel and Power Limited, wholly owned subsidiary of the company

๐Ÿ‘PVR INOX Limited
Opened 4 screen multiplex at Mittal Mall,Ajmer, Rajasthan.

๐Ÿ‘IRB Infra
Arbitration tribunal grants award in favour of SPV in a case against NHAI, IRB Infra says the company will receive Rs. 1681 crores in compensation. IRB is also entitled to receive further interest from the date of the award till the date of realization of the compensation

๐Ÿ‘Jubilant Pharmova
Companyโ€™s wholly owned subsidiary to sell its entire 25.8% stake in Sofie Biosciences Inc for aggregate proceeds of about $ 139.43 million

๐Ÿ‘Subex
The company gets RBI's in-principle nod to set up Account Aggregator Services

๐Ÿ‘Lemon Tree Hotels
The company announced its latest signing โ€“ Lemon Tree Hotel, Motihari, Bihar. The property, which will be franchised by Lemon Tree Hotels, is expected to open in FY25. 

๐Ÿ‘INFOSYS:
APAC businesses expected to nearly triple spending on generative AI to $3.4bn in 2024: Infosys Research, Spending trails North America but adoption, effectiveness, and growth are among the highest globally
@AlliesFin

Everyone was waiting for HDFC Bank but reliance came out of syllabus...

๐Ÿฅน๐Ÿฅน
#crazybulls T.me/AlliesFin
๐Ÿ˜‚๐Ÿ˜‚
๐Ÿ†2
After weeks of negotiations following a non-binding pact with *Ambaniโ€™s Reliance Industries Ltd.* to merge their entertainment business, *Disneyโ€™s India* assets are valued at around $4.5 billion, less than the $10 billion the US entertainment giant has previously pursued.

The combined entity will be valued at as much as $11 billion, with Disney taking about a 40% stake. Reliance will have a 51% stake, with the rest held by James Murdoch's Lupa Systems LLC

According to Bloomberg report

T.me/AlliesFin

2 different data compiled by bloom.
@AlliesFin

*Budget 2024 Expectations: Here's what CareEdge predicts for India's economy*

Finance Minister Nirmala Sitharaman will unveil the Interim Budget for the financial year 2024-2025 (FY25) on February 1, 2024, which is likely to keep the focus on fiscal consolidation and nominal economic growth projection, according to credit ratings and analytics firm CareEdge.

Since 2024 is an election year, with Lok Sabha Elections expected in April-May, the finance minister will present an Interim Budget or a Vote on Account in February, rather than a comprehensive annual budget. After the formation of the new government, the new full Budget is expected in July this year.

Sitharaman's declaration that it will be a vote of account suggests that no significant policy announcements are likely expected in this interim budget. With the announcement of the election dates around mid-March, the model code of conduct (MCC) is expected to come into effect barring the government from announcing any policy decisions.

As a a Vote on Account is merely an interim authorisation to spend money, as opposed to a full Budget that includes details of expenditures and receipts, including tax changes and government policies, this time significant tax and policy changes are unlikely.

The upcoming pre-election interim budget occurs at a juncture when the overall economic landscape appears stable, which is underpinned by the easing of financial conditions, and robust macroeconomic data, according to CareEdge.

โ€˜โ€™The current budgeting exercise is also confronted by economic headwinds such as the deceleration in the global economy, pressures in the agriculture sector, and strains on the rural economy,'' said the credit ratings agency.

CareEdge expects the government to continue its focus on capital expenditure (capex) and fiscal consolidation in FY25. The analytics firm also predicts a slight fiscal deficit slippage this year on lower nominal growth.

Here are the five key highlights of Interim Budget 2024 expectations as predicted by CareEdge for next month.

*_1. Capex target likely to rise for FY25_*
CareEdge expects the government to stick to its capex target of โ‚น10 lakh crore in FY24 and raise it further by around 10 per cent to โ‚น11 lakh crore in FY25. The capex to total expenditure ratio is expected to inch up marginally to around 23 per cent in FY25, according to the firm. The government has been focussing on public infrastructure to drive capex growth.

*_2. Focus on fiscal consolidation to continue_*
Adhering to its glide path to attain a fiscal deficit of 4.5 per cent by FY26, the projected fiscal deficit for FY25 is set at 5.3 per cent of the gross domestic product (GDP). CareEdge anticipates a nominal GDP growth of 10.7 per cent in FY25, coupled with a tax buoyancy of 1.2.

โ€˜โ€™In FY25, the total expenditure is expected to rise by six per cent, primarily fuelled by a 10 per cent increase in capital expenditure, complemented by a more modest five per cent growth in revenue expenditure,'' said the credit rating agency.

*_3. Low nominal growth may result in fiscal deficit slippage_*
The projection for nominal GDP growth indicates a slowdown from the budgeted 10.5 per cent YoY of the previous year to 8.9 per cent, as per the first advanced estimate. This deceleration is primarily attributed to deflation in the whole price index.

โ€˜โ€™Consequently, a slight slippage of 10 basis points, when viewed as a proportion of nominal GDP, is anticipated. This adjustment prompts a revision in our FY24 fiscal deficit projection to six per cent of GDP,'' said CareEdge.

*_4. Gross tax collection to exceed budgeted amount_*
According to data from the Comptroller and Auditor General (CAG) for the April-November period, direct tax collections have surged at a rate of 24.8 per cent YoY, significantly outpacing the full-year budgeted growth of 10.5 per cent.
In contrast, the gross indirect tax collections recorded a more modest growth of 5.1 per cent YoY during the same period, falling short of the full-year budgeted growth of 10.5 per cent. However, driven by the strong performance of the direct taxes, CareEdge expects the gross tax collection to rise by 11.9 per cent, higher than the budgeted growth of 10.4 per cent, exceeding the budgeted amount by about โ‚น45,000 crore.

โ€˜โ€™While indirect taxes are anticipated to fall short by approximately โ‚น49,000 crore in FY24 from the budgeted amount, the direct tax collections are expected to surpass the budgeted value approximately by a significant โ‚น94,000 crore, reflecting the strong performance of direct tax components,'' said CareEdge.

*_5. Revenue expenditure to exceed budgeted value_*
While the government is expected to meet its capital expenditure target of โ‚น10 lakh crore, CareEdge projects some slippages in the revenue expenditure to the tune of about โ‚น73,400 crore. Last month, the government approved the first supplementary demand for grants, amounting to Rs. 1.29 lakh crore.

Taking into consideration the savings from another scheme worth โ‚น70,900 crore, the net additional outlay would be โ‚น58,400 crore. The additional funds were directed toward food subsidies, fuel subsidies, fertilizer subsidies, and Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA).

โ€˜โ€™Given that the actual expenditure on the MNREGA has already surpassed the budgeted allocation, and with persistent high subsidy spending, particularly on fertilizers, we anticipate an additional requirement of funds for expenditure,'' said the credit ratings agency.

T.me/AlliesFin
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 29-01-2024 :

T.me/AlliesFin

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

*TOTAL NET SELL : -13474* ๐Ÿ˜ญ

*INDEX FUT. : +1137*

*INDEX OPT. : -22777*

*STOCK FUT. : +8144*

*STOCK OPT. : +21*

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 29-JAN-2024 :

*FIIS : BUY +110 (19,030-18,920)* ๐Ÿ™‚

*DIIS : BUY +3,221 (14,592-11,371)* ๐Ÿ˜ƒ

*BSE SENSEX : +1241 (71,941)๐Ÿ”ผ*

*NSE NIFTY : +385 (21,738)๐Ÿ”ผ*

*BSE MIDCAP. : +634 (38,380)*๐Ÿ”ผ

*BSE SMLCAP. : +456 (44,819)*๐Ÿ”ผ

*B. CRUDE : $ 82.00* ๐Ÿ”ผ ๐Ÿ˜ฅ

*GOLD: $ 2,025=INR 62,270(10gr)*โ†”๏ธ๐Ÿ˜ณ

*SILVER : RS. 76,500 (kg)(5pm)*๐Ÿ”ผ๐Ÿ™‚

*FOREX : RS. $ 83.14 ๐Ÿ”ฝ โ˜บ๏ธ*

*7.18% GOI '33: 7.1735%(100.04)๐Ÿ”ฝ๐Ÿ™‚*

*7.18% GOI '37: 7.2514% (99.39)๐Ÿ”ฝ๐Ÿ™‚*
*GIFT Nifty +๐Ÿ’ฏ pts (21975) from last trade 21875 ,*


Nikkei +144 pts ,
Hangseng -181 pts ,
Now @6.52am .


Dow +224.02 pts ,Nsdq +172.68 pts, S&P
+36.96 pts , Bovespa -464 pts , Ftse -2 pts , Dax -19 pts , Cac +6 pts , Crude @ $76.94 brl (+0.16), Brent @ $82.46 brl (-1.09) , Gold @ 2029.20 (+3.80), Silver $23.315 (+0.06), Euro @ $1.0836, JPY @ $147.38, INR @ 83.135





*Today's Corporate Action*
*30th Jan Ex Date*


 
GOTHIPL
Interim Dividend - Rs. - 2.0000
KANANIIND
Bonus issue 1:1  
NAGREEKEXP
Right Issue of Equity Shares 
PERSISTENT
Interim Dividend - Rs. - 32.0000
PGINVIT
Income Distribution (InvIT) 
SIEMENS
Final Dividend - Rs. - 10.0000





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


ACGL
Interim Dividend;Quarterly Results  
ADFFOODS
Quarterly Results      
AKSHAR
Quarterly Results      
AKSHARCHEM
Quarterly Results      
APARINDS
Quarterly Results      
ARVIND
Quarterly Results      
ASAHISONG
Quarterly Results      
ASHISHPO
Quarterly Results      
ASIANTILES
Quarterly Results      
ASITCFIN
General        
ASTRAL
Quarterly Results      
ATGL
Quarterly Results      
AVL
Preferential Issue of shares;General  
BAJAJFINSV
Quarterly Results      
BAJAJHLDNG
Quarterly Results      
BANASFN
Quarterly Results      
BHARATGEAR
Quarterly Results      
BLUESTARCO
Quarterly Results      
CHENFERRO
Quarterly Results      
CHEVIOT
Quarterly Results;General    
CITADEL
Quarterly Results      
COCHINSHIP
Interim Dividend;Quarterly Results  
COMPUSOFT
General;Quarterly Results    
COROMANDEL
Quarterly Results      
DLTNCBL
Quarterly Results      
DRREDDY
Quarterly Results      
DWARKESH
Quarterly Results      
EARUM
Issue Of Warrants;Preferential Issue of shares
EPSOMPRO
Quarterly Results      
GILLETTE
Interim Dividend;Quarterly Results  
GITARENEW
Quarterly Results      
GPTINFRA
Interim Dividend;Quarterly Results  
HEADSUP
Quarterly Results      
IMFA
Quarterly Results      
INVIGO
Quarterly Results      
INVPRECQ
Quarterly Results;General    
ISHWATR
Quarterly Results      
JBMA
General;Quarterly Results    
JCHAC
Quarterly Results      
JINDHOT
Quarterly Results      
JKIL
Quarterly Results      
JPASSOCIAT
General;Quarterly Results    
JUBLINGREA
Interim Dividend;Quarterly Results  
JUMBO
Quarterly Results      
KANELIND
Quarterly Results      
KAYA
Quarterly Results      
KAYNES
Quarterly Results      
KEC
Quarterly Results      
KIRANSY-B
Quarterly Results      
KKFIN
Quarterly Results      
KPITTECH
Interim Dividend;Quarterly Results  
LT
Quarterly Results      
M&MFIN
Quarterly Results      
MAXIMUS
Preferential Issue of shares    
MIDEASTP
Quarterly Results;General    
MKPL
Bonus issue;Increase in Authorised Capital;Quarterly Results
MOL
Quarterly Results      
MRCAGRO
Increase in Authorised Capital    
NATPLASTI
Quarterly Results      
NDTV
Quarterly Results      
OKPLA
Stock  Split      
PANABYTE
Quarterly Results      
PDMJEPAPER
Quarterly Results      
PFLINFOTC
Quarterly Results      
PIONAGR
Quarterly Results      
PODDARHOUS
Quarterly Results      
POLICYBZR
General;Quarterly Results    
PPLPHARMA
Quarterly Results      
RBL
Quarterly Results      
REMIEDEL
Quarterly Results;General    
RUSTOMJEE
General;Quarterly Results    
SADHNANIQ
Quarterly Results      
SAINTGOBAIN
Quarterly Results      
SCANSTL
Quarterly Results      
SHANTIGEAR
Interim Dividend;Quarterly Results  
SHREEPAC
Quarterly Results;General    
SHYAMMETL
Quarterly Results      
SIS
Quarterly Results      
SRF
Interim Dividend;Quarterly Results;General  
SRIMT
Quarterly Results      
STAR
Quarterly Results      
STARHEALTH
Quarterly Results      
SUBROS
Quarterly Results      
SUKHJITS
Quarterly Results      
SURBHIN
Quarterly Results      
SUVEN
Quarterly Results;General    
SYMPHONY
Interim Dividend;Quarterly Results  
TEAMLEASE
Quarterly Results      
TEXINFRA
Quarterly Results;General    
TOKYOFIN
Quarterly Results      
TOKYOPLAST
Quarterly Results      
TRIMURTHI
General;Quarterly Results    
TRIVENI
Interim Dividend;Quarterly Results  
URJA
Quarterly Results      
VAIBHAVGBL
Interim Dividend;Quarterly Results  
VENMAX
Quarterly Results      
VERITAS
Quarterly Results;General    
VIPIND
Interim Dividend;Quarterly Results  
VOLTAS
Quarterly Results      
YASHRAJC
Quarterly Results;General    
ZFCVINDIA
Quarterly Results  





*Stock under F&O ban on NSE*
*30-Jan-24*


None
*News Headlines from Business News Agencies:*

*Business Standard*

๐Ÿ“ Bajaj Finance Q3 results: Net profit jumps 22.4% to Rs 3,639 crore
๐Ÿ“ Byju's to raise $200 million via rights issue from existing investors
๐Ÿ“ Union Budget 2024: India likely to register 7% economic growth in FY25
๐Ÿ“ Chhattisgarh's Raipur Municipal Corporation plans to issue green bonds
๐Ÿ“ Murugappa Group's finance firm Chola expects AUM growth of 20-25% in FY25
๐Ÿ“ Amara Raja chief Galla takes break from politics to focus on business
๐Ÿ“ Elections for 56 Rajya Sabha seats in 15 states to be held on February 27
๐Ÿ“ Switzerland-based responsAbility to invest up to $25 million in BluSmart
๐Ÿ“ TN economy to be worth $2.6 trn by FY48, needs $111 bn investment: Study
๐Ÿ“ Companies cautious about GenAI over data privacy, security: Report
๐Ÿ“ AstraZeneca to import critical drugs to India, focus on cancer therapies
๐Ÿ“ Fossil announces exit from smartwatch market to focus on core lifestyle biz

*Economic Times*

๐Ÿ“ Sunteck Realty inks pacts for Rs 3,000 crore projects in Mumbaiโ€™s Nepean Sea Road, Bandra
๐Ÿ“ Indiaโ€™s employable youth up from 33.9% in 2014 to 51.3% in 2024: DEA
๐Ÿ“ Adani Energy Solutions Q3 results: Net profit down 27% at Rs 348 crore
๐Ÿ“ Rolls-Royce inks seven-year deal with Azad Engineering for military aircraft engine components
๐Ÿ“ Samsung to start making laptops in India this year: TM Roh
๐Ÿ“ Loans from small time borrowers surge post COVID: Report
๐Ÿ“ Polaris Smart Metering gets Rs 5,200 crore smart meter project in Uttar Pradesh
๐Ÿ“ Inox Wind 3 MW WTGs make entry in MNRE's list of approved turbines
๐Ÿ“ VA Tech Wabag & Peak Sustainability Ventures to set up 100 bio-CNG plants
๐Ÿ“ AISTA's 1st estimate pegs sugar output 4 pc lower at 31.6 mn tons for 2023-24 season
๐Ÿ“ Toyota suspends shipments of 10 models on testing irregularities
๐Ÿ“ Deal wins make us extremely bullish for FY2025: Warren Kevin Harris, Tata Tech

*Mint*

๐Ÿ“ BPCL Q3 results: Net profit surges 82% to โ‚น3,181.42 crore
๐Ÿ“ GAIL Q3 results: Net profit jumps 703% YoY to โ‚น3,193.3 crore
๐Ÿ“ Relief for SpiceJet as NCLT dismisses Wilmington Trust's insolvency plea
๐Ÿ“ Brazilian market poised to welcome Indian dairy products
๐Ÿ“ BEL Q3 results: Net profit at โ‚น859.6 crore, margin stood at 26%
๐Ÿ“ UltraTech commissions 2.6 mtpa Greenfield grinding capacity at Rajpura, Punjab
๐Ÿ“ India Stock Market: Jefferies expects FPI inflows to improve in CY24
๐Ÿ“ Evergrande faces imminent liquidation after talks with top creditors break down
๐Ÿ“ India to be a $7 trillion economy by 2030: Finance Ministry
๐Ÿ“ Adani Green Energy secures funding for $750 million Holdco Bond redemption
๐Ÿ“ JSW Steel expects local sales, exports to rise in March quarter
๐Ÿ“ CSB Bank Q3 results: Net profit down 3.9% to โ‚น150 crore
*๐Ÿ‡ฎ๐Ÿ‡ณIndia Daybook โ€“ 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:* Companyโ€™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 โ‚น16.4 cr vs โ‚น15.5 cr, Revenue up 5.1% at โ‚น1,397.2 vs โ‚น1,329.6 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 โ‚น2,377.6 cr vs profit of โ‚น3,545.4 cr, Revenue down 11.9% At โ‚น2,475.7 Cr Vs โ‚น2,811.2 Cr. Exceptional loss at โ‚น3,339.8 cr (YoY)

*NTPC:* Net Profit up 2.1% at โ‚น4,571.9 cr vs โ‚น4,476.3 cr (YoY) Revenue down 4.7% at โ‚น39,455.3 cr vs โ‚น41,410.5 cr (YoY)
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