Strong Reversal #REDINGTONE
1.Reversal Trend line seen
2.bouncing back from support
3.Volume Building
4.weekly time frame
Potential upside stock💫
1.Reversal Trend line seen
2.bouncing back from support
3.Volume Building
4.weekly time frame
Potential upside stock💫
*News Headlines from Business News Agencies:*
*Business Standard*
📝 P&G Hygiene net profit rises marginally to Rs 212 crore in Sep quarter
📝 Brics+ share in merchandise exports can overtake G7 by 2026: EY India
📝 IBBI, IBA to launch centralised platform for asset liquidation auctions
📝 Quick commerce led to closure of 200,000 kirana stores: Retailers' body
📝 Indian smartphone market value surges 12% in Q3 CY2024: Counterpoint
📝 SaaS firm Virtual Galaxy Infotech files draft IPO papers with NSE Emerge
📝 EFC REIT obtains Sebi registration to launch SM-REIT public issue
📝 Fastag collections on national highways estimated at Rs 72,500 crore
📝 Gold demand surpasses $100 billion globally as western investors rush in
📝 Petrol pump dealer commission raised, retail prices remain unchanged
📝 Govt mulls measures to boost strategic foreign investment from 5-year lows
📝 Revenue from Mumbai's property registrations in Oct rises 52%: Report
*Economic Times*
📝 India's April-September fiscal deficit at Rs 4.75 lakh crore, narrows on-year to 29.4% of FY25 aim
📝 Dabur to acquire ayurvedic product maker Sesa Care for Rs 315-325 cr
📝 India's core sectors' growth increases 2% in September
📝 Airtel to move to 5G SA mode in 3-4 years
📝 India's gold imports jump 21.78 pc to USD 27 bn in Apr-Sep
📝 Patel Engineering offloads remaining 9.99% equity stake in Welspun Michigan Engineers
📝 Ola Electric boosts service capacity by 30 pc; adds over 50 centres, 500 technicians
📝 Piyush Goyal meets Schneider Electric CEO in Riyadh; discusses firm's investment plans for India
📝 Reliance Jio leads global mobile data traffic for third consecutive quarter, riding on 5G growth
📝 BLive EZY deploys 1,000 premium EVs to cater to festive demand
📝 Biocon Biologics' Bengaluru unit classified as voluntary action indicated by USFDA
*Mint*
📝 Indoco Remedies Gets Final US FDA ANDA Nod for Varenicline Tablets
📝 Suzuki to supply new BEV model to Toyota as both companies expand partnership
📝 IndiGo Airlines has launched the BluChip loyalty program
📝 Govt plans to make onion transport by railways the norm to moderate prices
📝 GitHub's Thomas Dohmke praises India for fastest growing developer community
📝 Shreya Life Sciences sells high-end Nvidia chips to Russia, West's concern rises
📝 Bitcoin teases record high near $74,000, ETF inflow continues
📝 Dabur expands haircare portfolio with Sesa Care acquisition
📝 NCLAT asks Axis Bank, Siti Network creditors to hold ₹143 cr in separate account
📝 Meesho posts higher FY24 revenue driven by spike in user base
📝 India's iPhone exports soar by one-third in six months leading up to September
📝 Cap gemini trims 2024 revenue target again as soft markets hit Q3 sales
*Business Standard*
📝 P&G Hygiene net profit rises marginally to Rs 212 crore in Sep quarter
📝 Brics+ share in merchandise exports can overtake G7 by 2026: EY India
📝 IBBI, IBA to launch centralised platform for asset liquidation auctions
📝 Quick commerce led to closure of 200,000 kirana stores: Retailers' body
📝 Indian smartphone market value surges 12% in Q3 CY2024: Counterpoint
📝 SaaS firm Virtual Galaxy Infotech files draft IPO papers with NSE Emerge
📝 EFC REIT obtains Sebi registration to launch SM-REIT public issue
📝 Fastag collections on national highways estimated at Rs 72,500 crore
📝 Gold demand surpasses $100 billion globally as western investors rush in
📝 Petrol pump dealer commission raised, retail prices remain unchanged
📝 Govt mulls measures to boost strategic foreign investment from 5-year lows
📝 Revenue from Mumbai's property registrations in Oct rises 52%: Report
*Economic Times*
📝 India's April-September fiscal deficit at Rs 4.75 lakh crore, narrows on-year to 29.4% of FY25 aim
📝 Dabur to acquire ayurvedic product maker Sesa Care for Rs 315-325 cr
📝 India's core sectors' growth increases 2% in September
📝 Airtel to move to 5G SA mode in 3-4 years
📝 India's gold imports jump 21.78 pc to USD 27 bn in Apr-Sep
📝 Patel Engineering offloads remaining 9.99% equity stake in Welspun Michigan Engineers
📝 Ola Electric boosts service capacity by 30 pc; adds over 50 centres, 500 technicians
📝 Piyush Goyal meets Schneider Electric CEO in Riyadh; discusses firm's investment plans for India
📝 Reliance Jio leads global mobile data traffic for third consecutive quarter, riding on 5G growth
📝 BLive EZY deploys 1,000 premium EVs to cater to festive demand
📝 Biocon Biologics' Bengaluru unit classified as voluntary action indicated by USFDA
*Mint*
📝 Indoco Remedies Gets Final US FDA ANDA Nod for Varenicline Tablets
📝 Suzuki to supply new BEV model to Toyota as both companies expand partnership
📝 IndiGo Airlines has launched the BluChip loyalty program
📝 Govt plans to make onion transport by railways the norm to moderate prices
📝 GitHub's Thomas Dohmke praises India for fastest growing developer community
📝 Shreya Life Sciences sells high-end Nvidia chips to Russia, West's concern rises
📝 Bitcoin teases record high near $74,000, ETF inflow continues
📝 Dabur expands haircare portfolio with Sesa Care acquisition
📝 NCLAT asks Axis Bank, Siti Network creditors to hold ₹143 cr in separate account
📝 Meesho posts higher FY24 revenue driven by spike in user base
📝 India's iPhone exports soar by one-third in six months leading up to September
📝 Cap gemini trims 2024 revenue target again as soft markets hit Q3 sales
*Q2FY25 EARNING CALENDAR 31.10.2024*
BFUTILITIE, LASTMILE, NH, *TATAINVEST*
*Q2FY25 EARNING CALENDAR 01.11.2024*
BONDADA
*Q2FY25 EARNING CALENDAR 02.11.2024*
ZENTEC
*Q2FY25 EARNING CALENDAR 04.11.2024*
*ABB*, ANDHRAPAP, *ARE&M*, *BATAINDIA*, *EXIDEIND*, GLAND, HATSUN, *IRCTC*, *IRFC*, JKPAPER, KEC, KALAMANDIR, PGHL, RAYMOND, SPARC, *TIINDIA*, VSTTILLERS
*ABB*
* Revenue expected at Rs 3291 crore versus Rs 2769 crore
* EBITDA expected to be seen at Rs 599 crore versus Rs 438 crore
* EBITDA margin expected to be seen at 18.20% versus 15.84%
* Net profit expected to be seen at Rs 487 crore versus Rs 362 crore
*ARE&M*
* Revenue expected at Rs 3157 crore versus Rs 2810 crore
* EBITDA expected to be seen at Rs 455 crore versus Rs 387 crore
* EBITDA margin expected to be seen at 14.41% versus 13.77%
* Net profit expected to be seen at Rs 262 crore versus Rs 214 crore
*BATAINDIA*
* Revenue expected at Rs 850 crore versus Rs 819 crore
* EBITDA expected to be seen at Rs 179 crore versus Rs 181 crore
* EBITDA margin expected to be seen at 21.05% versus 22.18%
* Net profit expected to be seen at Rs 57 crore versus Rs 33 crore
*EXIDEIND*
* Revenue expected at Rs 4447 crore versus Rs 4106 crore
* EBITDA expected to be seen at Rs 537 crore versus Rs 483 crore
* EBITDA margin expected to be seen at 12.07% versus 11.76%
* Net profit expected to be seen at Rs 309 crore versus Rs 287 crore
*IRCTC*
* Revenue expected at Rs 1124 crore versus Rs 995 crore
* EBITDA expected to be seen at Rs 374 crore versus Rs 366 crore
* EBITDA margin expected to be seen at 33.27% versus 36.83%
* Net profit expected to be seen at Rs 314 crore versus Rs 294 crore
BFUTILITIE, LASTMILE, NH, *TATAINVEST*
*Q2FY25 EARNING CALENDAR 01.11.2024*
BONDADA
*Q2FY25 EARNING CALENDAR 02.11.2024*
ZENTEC
*Q2FY25 EARNING CALENDAR 04.11.2024*
*ABB*, ANDHRAPAP, *ARE&M*, *BATAINDIA*, *EXIDEIND*, GLAND, HATSUN, *IRCTC*, *IRFC*, JKPAPER, KEC, KALAMANDIR, PGHL, RAYMOND, SPARC, *TIINDIA*, VSTTILLERS
*ABB*
* Revenue expected at Rs 3291 crore versus Rs 2769 crore
* EBITDA expected to be seen at Rs 599 crore versus Rs 438 crore
* EBITDA margin expected to be seen at 18.20% versus 15.84%
* Net profit expected to be seen at Rs 487 crore versus Rs 362 crore
*ARE&M*
* Revenue expected at Rs 3157 crore versus Rs 2810 crore
* EBITDA expected to be seen at Rs 455 crore versus Rs 387 crore
* EBITDA margin expected to be seen at 14.41% versus 13.77%
* Net profit expected to be seen at Rs 262 crore versus Rs 214 crore
*BATAINDIA*
* Revenue expected at Rs 850 crore versus Rs 819 crore
* EBITDA expected to be seen at Rs 179 crore versus Rs 181 crore
* EBITDA margin expected to be seen at 21.05% versus 22.18%
* Net profit expected to be seen at Rs 57 crore versus Rs 33 crore
*EXIDEIND*
* Revenue expected at Rs 4447 crore versus Rs 4106 crore
* EBITDA expected to be seen at Rs 537 crore versus Rs 483 crore
* EBITDA margin expected to be seen at 12.07% versus 11.76%
* Net profit expected to be seen at Rs 309 crore versus Rs 287 crore
*IRCTC*
* Revenue expected at Rs 1124 crore versus Rs 995 crore
* EBITDA expected to be seen at Rs 374 crore versus Rs 366 crore
* EBITDA margin expected to be seen at 33.27% versus 36.83%
* Net profit expected to be seen at Rs 314 crore versus Rs 294 crore
*China Manufacturing PMI* Oct: 50.1 (est 49.9; prev 49.8) (The manufacturing activities expanded for a first time since April)
*Kunvarji: India Daybook – Stocks in News*
*Yatharth Hospital:* Company acquires 60% stake in MGS Infotech for ₹91.2 cr. (Positive)
*Brigade Ent:* Brigade Hotel Ventures filed draft red herring prospectus for IPO. (Positive)
*Adani Power:* Company has entered into a Power Supply Agreement for supply of 1,496 MW for a period of 25 years with the Maharashtra State Electricity Distribution Company (Positive)
*Adani Green:* Company has entered into power purchase agreements with Maharashtra State Electricity Distribution Company for supply of 5 GW (5,000 MW) solar power (Positive)
*Biocon:* Biologics’ Drug Substance Facility in Bengaluru Classified as Voluntary Action Indicated (Positive)
*Rail Vikas:* Company got LOA for project worth Rs 2.84 billion (Positive)
*Zaggle:* Company has entered into an agreement with Dr Batra''s Positive Healthcare Private Limited (Positive)
*EPL Ltd:* PE firm Blackstone mulls strategic review of its invests in EPL Ltd, If strategic review proceeds it would likely be full stake sale via M&A: Moneycontrol (Positive)
*Real Estate Stocks:* Registration of properties in Mumbai rises in Diwali 2024 month; over 12,500 units registered: Anarock (Positive)
*KRN Heat Exchanger:* Net profit at Rs 12.3 cr vs Rs 8.6 cr, Revenue at Rs 91 cr vs Rs 71 cr (YoY) (Positive)
*Dlink:* Net profit at Rs 27 cr vs Rs 24 cr, Revenue at Rs 336 cr vs Rs 308 cr (YoY) (Positive)
*Sunita Tools:* Net profit at Rs 3.4 cr vs Rs 1.6 cr, Revenue at Rs 15 cr vs Rs 8 cr (YoY) (Positive)
*Mangalam Global:* Net profit at Rs 5.6 cr vs Rs 0.96 cr, Revenue at Rs 562 cr vs Rs 440 cr (YoY) (Positive)
*Indraprashta Medical:* Net profit at Rs 42.4 cr vs Rs 32.8 cr, Revenue at Rs 350 cr vs Rs 317 cr (YoY) (Positive)
*Aeroflex Ind:* Net profit at Rs 13.6 cr vs Rs 11.6 cr, Revenue at Rs 93.5 cr vs Rs 84.0 cr (YoY) (Positive)
*L&T:* Net profit at Rs 3395 cr vs Rs 3223 cr, Revenue at Rs 61555 cr vs Rs 51024 cr (YoY) (Positive)
*Kwality Pharma:* Net profit at Rs 12.6 cr vs Rs 8.2 cr, Revenue at Rs 90.0 cr vs Rs 69.7 cr. (YoY) (Positive)
*Mirc:* Net profit at Rs 1.4 cr vs loss Rs 6.4 cr, Revenue at Rs 150 cr vs Rs 193 cr. (YoY) (Positive)
*DCM Shriram:* Net profit at Rs 63.0 cr vs Rs 32.0 cr, Revenue at Rs 3130 cr vs Rs 2825 cr. (YoY). (Positive)
*HCC:* Net Profit at Rs 63.9 cr vs loss Rs 2.8 cr, Revenue at Rs 1350 cr, down 23 percent. (YoY) (Positive)
*Panchmahal Steel:* Net profit at Rs 1.8 cr vs Rs 0.7 cr, Revenue at Rs 99 cr vs Rs 119 cr (YoY) (Neutral)
*TCI Express:* Net profit at Rs 26.3 cr vs Rs 35.6 cr, Revenue at Rs 310 cr vs Rs 320 cr (YoY) (Neutral)
*IRB Infra:* Net profit at Rs 99.9 cr vs Rs 95.7 cr, Revenue at Rs 1580 cr vs Rs 1745 cr (YoY) (Neutral)
*Tata Power:* Net profit at Rs 926.5 cr vs Rs 875.5 cr, Revenue at Rs 15,697 cr vs Rs 15,738 cr (YoY) (Neutral)
*Automative Axles:* Net profit at Rs 36.0 cr vs Rs 34.0 cr, Revenue at Rs 490 cr vs Rs 580 cr (YoY) (Neutral)
*Protean:* Net profit at Rs 28 cr vs Rs 32.8 cr, Revenue at Rs 220 cr vs Rs 236 cr (YoY) (Neutral)
*Bharti Airtel:* Bharti Telecom planning about Rs 11,200 Cr Non-convertible debentures sale (Neutral)
*IT Stocks:* Cognizant beats quarterly profit estimates on gradual recovery in IT services demand, however Cognizant is trading with marginal gains (Neutral)
*Zaggle Prepaid:* Company Board approves fund raise of up to Rs 950 cr via QIP (Neutral)
*Zydus Wellness:* Company to acquire 100% stake in Naturell (India) Pvt ltd, a strategic leap into healthy consumer snacking space, deal for Rs 3.69 billion (Neutral)
*Biocon:* Net loss at Rs 16 cr vs Net Profit Rs 125.6 cr, Revenue at Rs 3590 cr vs Rs 3462 cr (QoQ) (Negative)
*Kiocl:* Net loss at Rs 69.2 cr vs Rs 21.4 cr, Revenue at Rs 15.9 cr vs Rs 430 cr (YoY) (Negative)
*Dabur:* Net Profit at Rs 418 Cr Vs poll Rs 446 Cr, Revenue at Rs 3029 Cr Vs Rs 3042 Cr (YoY) (Negative)
*Yatharth Hospital:* Company acquires 60% stake in MGS Infotech for ₹91.2 cr. (Positive)
*Brigade Ent:* Brigade Hotel Ventures filed draft red herring prospectus for IPO. (Positive)
*Adani Power:* Company has entered into a Power Supply Agreement for supply of 1,496 MW for a period of 25 years with the Maharashtra State Electricity Distribution Company (Positive)
*Adani Green:* Company has entered into power purchase agreements with Maharashtra State Electricity Distribution Company for supply of 5 GW (5,000 MW) solar power (Positive)
*Biocon:* Biologics’ Drug Substance Facility in Bengaluru Classified as Voluntary Action Indicated (Positive)
*Rail Vikas:* Company got LOA for project worth Rs 2.84 billion (Positive)
*Zaggle:* Company has entered into an agreement with Dr Batra''s Positive Healthcare Private Limited (Positive)
*EPL Ltd:* PE firm Blackstone mulls strategic review of its invests in EPL Ltd, If strategic review proceeds it would likely be full stake sale via M&A: Moneycontrol (Positive)
*Real Estate Stocks:* Registration of properties in Mumbai rises in Diwali 2024 month; over 12,500 units registered: Anarock (Positive)
*KRN Heat Exchanger:* Net profit at Rs 12.3 cr vs Rs 8.6 cr, Revenue at Rs 91 cr vs Rs 71 cr (YoY) (Positive)
*Dlink:* Net profit at Rs 27 cr vs Rs 24 cr, Revenue at Rs 336 cr vs Rs 308 cr (YoY) (Positive)
*Sunita Tools:* Net profit at Rs 3.4 cr vs Rs 1.6 cr, Revenue at Rs 15 cr vs Rs 8 cr (YoY) (Positive)
*Mangalam Global:* Net profit at Rs 5.6 cr vs Rs 0.96 cr, Revenue at Rs 562 cr vs Rs 440 cr (YoY) (Positive)
*Indraprashta Medical:* Net profit at Rs 42.4 cr vs Rs 32.8 cr, Revenue at Rs 350 cr vs Rs 317 cr (YoY) (Positive)
*Aeroflex Ind:* Net profit at Rs 13.6 cr vs Rs 11.6 cr, Revenue at Rs 93.5 cr vs Rs 84.0 cr (YoY) (Positive)
*L&T:* Net profit at Rs 3395 cr vs Rs 3223 cr, Revenue at Rs 61555 cr vs Rs 51024 cr (YoY) (Positive)
*Kwality Pharma:* Net profit at Rs 12.6 cr vs Rs 8.2 cr, Revenue at Rs 90.0 cr vs Rs 69.7 cr. (YoY) (Positive)
*Mirc:* Net profit at Rs 1.4 cr vs loss Rs 6.4 cr, Revenue at Rs 150 cr vs Rs 193 cr. (YoY) (Positive)
*DCM Shriram:* Net profit at Rs 63.0 cr vs Rs 32.0 cr, Revenue at Rs 3130 cr vs Rs 2825 cr. (YoY). (Positive)
*HCC:* Net Profit at Rs 63.9 cr vs loss Rs 2.8 cr, Revenue at Rs 1350 cr, down 23 percent. (YoY) (Positive)
*Panchmahal Steel:* Net profit at Rs 1.8 cr vs Rs 0.7 cr, Revenue at Rs 99 cr vs Rs 119 cr (YoY) (Neutral)
*TCI Express:* Net profit at Rs 26.3 cr vs Rs 35.6 cr, Revenue at Rs 310 cr vs Rs 320 cr (YoY) (Neutral)
*IRB Infra:* Net profit at Rs 99.9 cr vs Rs 95.7 cr, Revenue at Rs 1580 cr vs Rs 1745 cr (YoY) (Neutral)
*Tata Power:* Net profit at Rs 926.5 cr vs Rs 875.5 cr, Revenue at Rs 15,697 cr vs Rs 15,738 cr (YoY) (Neutral)
*Automative Axles:* Net profit at Rs 36.0 cr vs Rs 34.0 cr, Revenue at Rs 490 cr vs Rs 580 cr (YoY) (Neutral)
*Protean:* Net profit at Rs 28 cr vs Rs 32.8 cr, Revenue at Rs 220 cr vs Rs 236 cr (YoY) (Neutral)
*Bharti Airtel:* Bharti Telecom planning about Rs 11,200 Cr Non-convertible debentures sale (Neutral)
*IT Stocks:* Cognizant beats quarterly profit estimates on gradual recovery in IT services demand, however Cognizant is trading with marginal gains (Neutral)
*Zaggle Prepaid:* Company Board approves fund raise of up to Rs 950 cr via QIP (Neutral)
*Zydus Wellness:* Company to acquire 100% stake in Naturell (India) Pvt ltd, a strategic leap into healthy consumer snacking space, deal for Rs 3.69 billion (Neutral)
*Biocon:* Net loss at Rs 16 cr vs Net Profit Rs 125.6 cr, Revenue at Rs 3590 cr vs Rs 3462 cr (QoQ) (Negative)
*Kiocl:* Net loss at Rs 69.2 cr vs Rs 21.4 cr, Revenue at Rs 15.9 cr vs Rs 430 cr (YoY) (Negative)
*Dabur:* Net Profit at Rs 418 Cr Vs poll Rs 446 Cr, Revenue at Rs 3029 Cr Vs Rs 3042 Cr (YoY) (Negative)
*Options Pre Open Recommendations: Stocks*
MUTHOOT FIN 2000.0 CALL OPTION (November Expiry), Buy at 52.0 SL 38.0 TGT 88.0
HINDALCO 700.0 CALL OPTION (November Expiry), Buy at 18.0 SL 10.0 TGT 30.0
MUTHOOT FIN 2000.0 CALL OPTION (November Expiry), Buy at 52.0 SL 38.0 TGT 88.0
HINDALCO 700.0 CALL OPTION (November Expiry), Buy at 18.0 SL 10.0 TGT 30.0
*Kunvarji: Fund Houses Recommendations*
Macquarie on *Mastek:* Maintain Buy on Company, raise target price at Rs 3320/Sh (Positive)
Macquarie on *ABCAP:* Maintain Outperform on Company, target price at Rs 285/Sh (Positive)
Nuvama on *Saregama:* Initiate Buy on Company, target price at Rs 635/Sh (Positive)
DAM on *JSW Steel:* Initiate Buy on Company, target price at Rs 1255/Sh (Positive)
DAM on *JSPL:* Initiate Buy on Company, target price at Rs 1300/Sh (Positive)
DAM on *Tata Steel:* Initiate Buy on Company, target price at Rs 185/Sh (Positive)
DAM on *SAIL:* Initiate Buy on Company, target price at Rs 130/Sh (Positive)
DAM on *IOC:* Initiate Buy on Company, target price at Rs 181/Sh (Positive)
DAM on *BPCL:* Initiate Buy on Company, target price at Rs 395/Sh (Positive)
DAM on *Hind Petro:* Initiate Buy on Company, target price at Rs 440/Sh (Positive)
Jefferies on *Syrma SGS:* Maintains Buy on Company, raise target price at Rs 630/Sh (Positive)
Jefferies on *Kaynes:* Maintains Hold on Company, raise target price at Rs 5430/Sh (Positive)
Nuvama on *Kaynes:* Maintains Buy on Company, raise target price at Rs 6220/Sh (Positive)
BNP on * Larsen:* Maintains Outperform on Company, target price at Rs 4421/Sh (Positive)
Morgan Stanley on India Equity: Adding *Trent and Brainbees*; Remove DMart and Nykaa (Positive)
Emkay on India Strategy: Top 5 most attractive stocks according to Emkay from a one year perspective. *Indusind Bank, Saregama, Escorts, Hero and M&M Fin* (Positive)
Citi India Strategy: Adds *Indigo* to its large cap picks on favorable competitive structure. (Positive)
Jefferies *India Strategy:* Equity supply catching up with demand. Sep'24 mid-quarter review – Highest Downgrade Ratio since 2020 (Neutral)
Bernstein on *Larsen:* Maintains Outperform on Company, target price at Rs 3891/Sh (Neutral)
Bernstein on *Larsen:* Maintains Neutral on Company, target price at Rs 4000/Sh (Neutral)
GS on *Dabur:* Maintains Neutral on Company, target price at Rs 580/Sh (Neutral)
CLSA on *Dabur:* Maintains Hold on Company, target price at Rs 582/Sh (Neutral)
Jefferies on *Dixon:* Maintains Underperform on Company, raise target price at Rs 9750/Sh (Neutral)
Nuvama on *Tata Power:* Maintains Reduce on Company, target price at Rs 356/Sh (Neutral)
Citi on *Dabur:* Maintains Sell on Company, target price at Rs 520/Sh (Negative)
Macquarie on *Mastek:* Maintain Buy on Company, raise target price at Rs 3320/Sh (Positive)
Macquarie on *ABCAP:* Maintain Outperform on Company, target price at Rs 285/Sh (Positive)
Nuvama on *Saregama:* Initiate Buy on Company, target price at Rs 635/Sh (Positive)
DAM on *JSW Steel:* Initiate Buy on Company, target price at Rs 1255/Sh (Positive)
DAM on *JSPL:* Initiate Buy on Company, target price at Rs 1300/Sh (Positive)
DAM on *Tata Steel:* Initiate Buy on Company, target price at Rs 185/Sh (Positive)
DAM on *SAIL:* Initiate Buy on Company, target price at Rs 130/Sh (Positive)
DAM on *IOC:* Initiate Buy on Company, target price at Rs 181/Sh (Positive)
DAM on *BPCL:* Initiate Buy on Company, target price at Rs 395/Sh (Positive)
DAM on *Hind Petro:* Initiate Buy on Company, target price at Rs 440/Sh (Positive)
Jefferies on *Syrma SGS:* Maintains Buy on Company, raise target price at Rs 630/Sh (Positive)
Jefferies on *Kaynes:* Maintains Hold on Company, raise target price at Rs 5430/Sh (Positive)
Nuvama on *Kaynes:* Maintains Buy on Company, raise target price at Rs 6220/Sh (Positive)
BNP on * Larsen:* Maintains Outperform on Company, target price at Rs 4421/Sh (Positive)
Morgan Stanley on India Equity: Adding *Trent and Brainbees*; Remove DMart and Nykaa (Positive)
Emkay on India Strategy: Top 5 most attractive stocks according to Emkay from a one year perspective. *Indusind Bank, Saregama, Escorts, Hero and M&M Fin* (Positive)
Citi India Strategy: Adds *Indigo* to its large cap picks on favorable competitive structure. (Positive)
Jefferies *India Strategy:* Equity supply catching up with demand. Sep'24 mid-quarter review – Highest Downgrade Ratio since 2020 (Neutral)
Bernstein on *Larsen:* Maintains Outperform on Company, target price at Rs 3891/Sh (Neutral)
Bernstein on *Larsen:* Maintains Neutral on Company, target price at Rs 4000/Sh (Neutral)
GS on *Dabur:* Maintains Neutral on Company, target price at Rs 580/Sh (Neutral)
CLSA on *Dabur:* Maintains Hold on Company, target price at Rs 582/Sh (Neutral)
Jefferies on *Dixon:* Maintains Underperform on Company, raise target price at Rs 9750/Sh (Neutral)
Nuvama on *Tata Power:* Maintains Reduce on Company, target price at Rs 356/Sh (Neutral)
Citi on *Dabur:* Maintains Sell on Company, target price at Rs 520/Sh (Negative)
*Securities in F&O Ban For Trade Date 31-October-2024*
* IDFCFIRSTB
* INDIAMART
* PNB
* RBLBANK
* IDFCFIRSTB
* INDIAMART
* PNB
* RBLBANK
*Indian Equities Pre Open Update*
Flat to negative opening expected to be seen while volatility expected during the expiry of October series.
*Global Peers Update:* Asian equities are mostly in the red zone amid mixed overnight cues while major focus would be on outcome of Bank of Japan monetary policy and U.S. core PCE price index. U.S. stock index futures are trading in the marginal red zone with resistance from a 3 percent fall in Meta and Microsoft as clocked inline earnings. U.S. stock indexes closed lower on Wednesday as chip stocks tumbled and investors awaited a host of corporate earnings.
*Sectors to Watch:* Selective Metals, Energy and Construction stocks likely to remain on focus during the day.
*GIFT NIFTY Price* 24264.0 *Adjusted Change:* -107.0 Points, Percent Change: -0.44%
*Technical Levels: Nifty Near Future*
*Support*: 24220.0/24164.0
*Resistance*: 24401.0/24540.0
*Technical Levels: Bank Nifty Near Future*
*Support*: 52092.0/51912.0
*Resistance*: 52488.0/52640.0
Flat to negative opening expected to be seen while volatility expected during the expiry of October series.
*Global Peers Update:* Asian equities are mostly in the red zone amid mixed overnight cues while major focus would be on outcome of Bank of Japan monetary policy and U.S. core PCE price index. U.S. stock index futures are trading in the marginal red zone with resistance from a 3 percent fall in Meta and Microsoft as clocked inline earnings. U.S. stock indexes closed lower on Wednesday as chip stocks tumbled and investors awaited a host of corporate earnings.
*Sectors to Watch:* Selective Metals, Energy and Construction stocks likely to remain on focus during the day.
*GIFT NIFTY Price* 24264.0 *Adjusted Change:* -107.0 Points, Percent Change: -0.44%
*Technical Levels: Nifty Near Future*
*Support*: 24220.0/24164.0
*Resistance*: 24401.0/24540.0
*Technical Levels: Bank Nifty Near Future*
*Support*: 52092.0/51912.0
*Resistance*: 52488.0/52640.0
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Reliance Consumer targets chips, biscuits market with higher trade margins
📝 41% workers on contract in formal manufacturing sector in FY23: ASI data
📝 India's EV market sees festive season boost, reversing recent slump
📝 Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework
📝 18 companies in Nifty-50 miss estimates in September quarter, shows data
📝 India boosts global share in petroleum, gemstone, sugar exports over 5 yrs
📝 Opec+ agrees to delay planned December output increase for one month
📝 Punjab paddy procurement crosses 8.5 MT, Centre says ops in full swing
📝 Anarock FY25 revenue may rise 40% on strong housing demand: Chairman Puri
📝 Construction of 12 river bridges completed for Gujarat bullet train project
📝 GX group aims for 60% reusable materials in products within two years: CEO
📝 Sebi proposes interest rate derivatives for hedging by REITs and InvITs
📝 India's progress on fossil fuel subsidy reform noteworthy, says ADB
*Economic Times*
📝 Coal India hopes to rejoin dividend list as ECL improves performance
📝 Ujjivan Small Finance Bank to apply for universal licence this fiscal: MD Sanjeev Nautiyal
📝 VW cost cutting necessary after 'decades of structural problems', CEO tells paper
📝 Govt infuses Rs 1,650 cr in RINL to keep it as a going concern
📝 Karur Vysya Bank strengthens retail footprint in Tamil Nadu and Karnataka
📝 Canara Bank aims Rs 6,000 cr recovery in H2 FY25
📝 Apollo Hospitals announces Rs 1,625 crore expansion in Mumbai and Lucknow
📝 Iron ore output up 5.5% at 135 MT in 1st half of FY25
📝 Suven, Cohance aim to double combined business revenue to Rs 6,000 cr by FY29
📝 Federal Bank acquires five floors office space in Mumbai’s Wadala from Varde Partners
📝 Telangana govt to come up with new energy policy soon, says Deputy Chief Minister
📝 Netflix India sees double-digit growth in revenue, profit for FY24
*Mint*
📝 FMCG firms caution price hike as input costs and food inflation rise
📝 US Fed set to cut rates for second time as it faces hazy post-election outlook
📝 DLF to develop ultra-luxury housing project worth ₹8,000 crore in Gurugram
📝 ONGC fails to get partner for Deen Dayal gas field for third time
📝 India may extend bid deadline for coal gasification scheme
📝 Maruti Suzuki expects festive momentum, wedding season to carry November sales
📝 India commits to protect 30% land, marine area to eliminate biodiversity loss
📝 Nvidia to replace Intel in Dow Jones Industrial Average
📝 FPIs dump ₹94,017 crore in Indian equities; outflow hit record-high in October
📝 Sundar Pichai shows confidence in firm's legal position on antitrust rulings
📝 China’s EV makers set sights on Latin America in global expansion
📝 Amazon India sees festive surge in luxury sales: Apple tablet sales up 10x
*Business Standard*
📝 Reliance Consumer targets chips, biscuits market with higher trade margins
📝 41% workers on contract in formal manufacturing sector in FY23: ASI data
📝 India's EV market sees festive season boost, reversing recent slump
📝 Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework
📝 18 companies in Nifty-50 miss estimates in September quarter, shows data
📝 India boosts global share in petroleum, gemstone, sugar exports over 5 yrs
📝 Opec+ agrees to delay planned December output increase for one month
📝 Punjab paddy procurement crosses 8.5 MT, Centre says ops in full swing
📝 Anarock FY25 revenue may rise 40% on strong housing demand: Chairman Puri
📝 Construction of 12 river bridges completed for Gujarat bullet train project
📝 GX group aims for 60% reusable materials in products within two years: CEO
📝 Sebi proposes interest rate derivatives for hedging by REITs and InvITs
📝 India's progress on fossil fuel subsidy reform noteworthy, says ADB
*Economic Times*
📝 Coal India hopes to rejoin dividend list as ECL improves performance
📝 Ujjivan Small Finance Bank to apply for universal licence this fiscal: MD Sanjeev Nautiyal
📝 VW cost cutting necessary after 'decades of structural problems', CEO tells paper
📝 Govt infuses Rs 1,650 cr in RINL to keep it as a going concern
📝 Karur Vysya Bank strengthens retail footprint in Tamil Nadu and Karnataka
📝 Canara Bank aims Rs 6,000 cr recovery in H2 FY25
📝 Apollo Hospitals announces Rs 1,625 crore expansion in Mumbai and Lucknow
📝 Iron ore output up 5.5% at 135 MT in 1st half of FY25
📝 Suven, Cohance aim to double combined business revenue to Rs 6,000 cr by FY29
📝 Federal Bank acquires five floors office space in Mumbai’s Wadala from Varde Partners
📝 Telangana govt to come up with new energy policy soon, says Deputy Chief Minister
📝 Netflix India sees double-digit growth in revenue, profit for FY24
*Mint*
📝 FMCG firms caution price hike as input costs and food inflation rise
📝 US Fed set to cut rates for second time as it faces hazy post-election outlook
📝 DLF to develop ultra-luxury housing project worth ₹8,000 crore in Gurugram
📝 ONGC fails to get partner for Deen Dayal gas field for third time
📝 India may extend bid deadline for coal gasification scheme
📝 Maruti Suzuki expects festive momentum, wedding season to carry November sales
📝 India commits to protect 30% land, marine area to eliminate biodiversity loss
📝 Nvidia to replace Intel in Dow Jones Industrial Average
📝 FPIs dump ₹94,017 crore in Indian equities; outflow hit record-high in October
📝 Sundar Pichai shows confidence in firm's legal position on antitrust rulings
📝 China’s EV makers set sights on Latin America in global expansion
📝 Amazon India sees festive surge in luxury sales: Apple tablet sales up 10x
*Q2FY25 EARNING CALENDAR 04.11.2024*
*ABB*, ANDHRAPAP, *ARE&M*, *BATAINDIA*, *EXIDEIND*, GLAND, HATSUN, *IRCTC*, *IRFC*, JKPAPER, KEC, KALAMANDIR, PGHL, RAYMOND, SPARC, *TIINDIA*, VSTTILLERS
*ABB*
* Revenue expected at Rs 3291 crore versus Rs 2769 crore
* EBITDA expected to be seen at Rs 599 crore versus Rs 438 crore
* EBITDA margin expected to be seen at 18.20% versus 15.84%
* Net profit expected to be seen at Rs 487 crore versus Rs 362 crore
*ARE&M*
* Revenue expected at Rs 3157 crore versus Rs 2810 crore
* EBITDA expected to be seen at Rs 455 crore versus Rs 387 crore
* EBITDA margin expected to be seen at 14.41% versus 13.77%
* Net profit expected to be seen at Rs 262 crore versus Rs 214 crore
*BATAINDIA*
* Revenue expected at Rs 850 crore versus Rs 819 crore
* EBITDA expected to be seen at Rs 179 crore versus Rs 181 crore
* EBITDA margin expected to be seen at 21.05% versus 22.18%
* Net profit expected to be seen at Rs 57 crore versus Rs 33 crore
*EXIDEIND*
* Revenue expected at Rs 4447 crore versus Rs 4106 crore
* EBITDA expected to be seen at Rs 537 crore versus Rs 483 crore
* EBITDA margin expected to be seen at 12.07% versus 11.76%
* Net profit expected to be seen at Rs 309 crore versus Rs 287 crore
*IRCTC*
* Revenue expected at Rs 1124 crore versus Rs 995 crore
* EBITDA expected to be seen at Rs 374 crore versus Rs 366 crore
* EBITDA margin expected to be seen at 33.27% versus 36.83%
* Net profit expected to be seen at Rs 314 crore versus Rs 294 crore
*Q2FY25 EARNING CALENDAR 05.11.2024*
ALKYLAMINE, APTUS, *BERGEPAINT*, CEIGALL, DATAMATICS, *DRREDDY*, EVERESTIND, KPRMILL, *MANAPPURAM*, *MANKIND*, *MAZDOCK*, MUTHOOTMF, *OIL*, *POLICYBZR*, RAYMONDLSL, SJVN, TIMKEN, *TITAN*, TRIVENI, WONDERLA
*BERGEPAINT*
* Revenue expected at Rs 2832 crore versus Rs 2767 crore
* EBITDA expected to be seen at Rs 457 crore versus Rs 473 crore
* EBITDA margin expected to be seen at 16.14% versus 17.12%
* Net profit expected to be seen at Rs 283 crore versus Rs 291 crore
*DRREDDY*
* Revenue expected at Rs 7658 crore versus Rs 6902 crore
* EBITDA expected to be seen at Rs 2145 crore versus Rs 2013 crore
* EBITDA margin expected to be seen at 28.00% versus 29.17%
* Net profit expected to be seen at Rs 1418 crore versus Rs 1482 crore
*MNAPPURAM*
* NII expected at Rs 1502 crore versus 2043 Rs crore
* EBIT expected to be seen at Rs 994 crore versus Rs 849 crore
* EBIT margin expected to be seen at 66.85% versus 62.70%
* Net profit expected to be seen at Rs 519 crore versus Rs 558 crore
*MANKIND*
* Revenue expected at Rs 3071 crore versus Rs 2708 crore
* EBITDA expected to be seen at Rs 794 crore versus Rs 686 crore
* EBITDA margin expected to be seen at 25.85% versus 25.34%
* Net profit expected to be seen at Rs 614 crore versus Rs 501 crore
*POLICYBZR*
* Revenue expected at Rs 1080 crore versus Rs 811 crore
* EBITDA expected to be seen at Rs 18 crore versus Rs -89 crore
* EBITDA margin expected to be seen at 1.67% versus -10.98%
* Net profit expected to be seen at Rs 45 crore versus Rs -20 crore
*TITAN*
* Revenue expected at Rs 13259 crore versus Rs 12529 crore
* EBITDA expected to be seen at Rs 1493 crore versus Rs 1411 crore
* EBITDA margin expected to be seen at 11.26% versus 11.26%
* Net profit expected to be seen at Rs 935 crore versus Rs 916 crore
*ABB*, ANDHRAPAP, *ARE&M*, *BATAINDIA*, *EXIDEIND*, GLAND, HATSUN, *IRCTC*, *IRFC*, JKPAPER, KEC, KALAMANDIR, PGHL, RAYMOND, SPARC, *TIINDIA*, VSTTILLERS
*ABB*
* Revenue expected at Rs 3291 crore versus Rs 2769 crore
* EBITDA expected to be seen at Rs 599 crore versus Rs 438 crore
* EBITDA margin expected to be seen at 18.20% versus 15.84%
* Net profit expected to be seen at Rs 487 crore versus Rs 362 crore
*ARE&M*
* Revenue expected at Rs 3157 crore versus Rs 2810 crore
* EBITDA expected to be seen at Rs 455 crore versus Rs 387 crore
* EBITDA margin expected to be seen at 14.41% versus 13.77%
* Net profit expected to be seen at Rs 262 crore versus Rs 214 crore
*BATAINDIA*
* Revenue expected at Rs 850 crore versus Rs 819 crore
* EBITDA expected to be seen at Rs 179 crore versus Rs 181 crore
* EBITDA margin expected to be seen at 21.05% versus 22.18%
* Net profit expected to be seen at Rs 57 crore versus Rs 33 crore
*EXIDEIND*
* Revenue expected at Rs 4447 crore versus Rs 4106 crore
* EBITDA expected to be seen at Rs 537 crore versus Rs 483 crore
* EBITDA margin expected to be seen at 12.07% versus 11.76%
* Net profit expected to be seen at Rs 309 crore versus Rs 287 crore
*IRCTC*
* Revenue expected at Rs 1124 crore versus Rs 995 crore
* EBITDA expected to be seen at Rs 374 crore versus Rs 366 crore
* EBITDA margin expected to be seen at 33.27% versus 36.83%
* Net profit expected to be seen at Rs 314 crore versus Rs 294 crore
*Q2FY25 EARNING CALENDAR 05.11.2024*
ALKYLAMINE, APTUS, *BERGEPAINT*, CEIGALL, DATAMATICS, *DRREDDY*, EVERESTIND, KPRMILL, *MANAPPURAM*, *MANKIND*, *MAZDOCK*, MUTHOOTMF, *OIL*, *POLICYBZR*, RAYMONDLSL, SJVN, TIMKEN, *TITAN*, TRIVENI, WONDERLA
*BERGEPAINT*
* Revenue expected at Rs 2832 crore versus Rs 2767 crore
* EBITDA expected to be seen at Rs 457 crore versus Rs 473 crore
* EBITDA margin expected to be seen at 16.14% versus 17.12%
* Net profit expected to be seen at Rs 283 crore versus Rs 291 crore
*DRREDDY*
* Revenue expected at Rs 7658 crore versus Rs 6902 crore
* EBITDA expected to be seen at Rs 2145 crore versus Rs 2013 crore
* EBITDA margin expected to be seen at 28.00% versus 29.17%
* Net profit expected to be seen at Rs 1418 crore versus Rs 1482 crore
*MNAPPURAM*
* NII expected at Rs 1502 crore versus 2043 Rs crore
* EBIT expected to be seen at Rs 994 crore versus Rs 849 crore
* EBIT margin expected to be seen at 66.85% versus 62.70%
* Net profit expected to be seen at Rs 519 crore versus Rs 558 crore
*MANKIND*
* Revenue expected at Rs 3071 crore versus Rs 2708 crore
* EBITDA expected to be seen at Rs 794 crore versus Rs 686 crore
* EBITDA margin expected to be seen at 25.85% versus 25.34%
* Net profit expected to be seen at Rs 614 crore versus Rs 501 crore
*POLICYBZR*
* Revenue expected at Rs 1080 crore versus Rs 811 crore
* EBITDA expected to be seen at Rs 18 crore versus Rs -89 crore
* EBITDA margin expected to be seen at 1.67% versus -10.98%
* Net profit expected to be seen at Rs 45 crore versus Rs -20 crore
*TITAN*
* Revenue expected at Rs 13259 crore versus Rs 12529 crore
* EBITDA expected to be seen at Rs 1493 crore versus Rs 1411 crore
* EBITDA margin expected to be seen at 11.26% versus 11.26%
* Net profit expected to be seen at Rs 935 crore versus Rs 916 crore