Share Market Highlights November 7, 2024: Sensex plunges 836 pts, Nifty ends below 24,200; Hindalco, Trent top losers

The rupee declined 6 paise to close at a fresh lifetime low of 84.37 (provisional) against the US dollar on Thursday, as weak domestic equities and sustained foreign fund outflows dented market sentiment.

Forex traders said investors were also cautious ahead of the US Fed meeting outcome. Moreover, overnight gains in crude oil prices also weighed on the local unit.

However, a correction in the dollar index against major currencies helped the rupee and restrained the slide, they added.

Aurionpro Solutions, a leading technology provider, has secured a significant contract from Chennai Metro Rail Corporation Limited (CMRL) to deliver automated fare collection (AFC) systems for Phase II of the Chennai Metro.

The shares of Aurionpro Solutions Limited were trading at ₹1,665 down by ₹30 or 1.77 per cent during the closing bell.

Swiggy IPO has been subscribed 0.34 times as of 3.36 pm on November 7, 2024. QIB portion has been subscribed 0.28 times, NII 0.12 times, retail 0.81 times, and those reserved for employees 1.11 times. The issue closes on November 8, 2024.

G R Infraprojects has emerged as L-1 bidder for establishing “Transmission Scheme for integration of Bijapur REZ” in the State of Karnataka, through tariff based competitive bidding (TBCB) process on Build, Own, Operate and Transfer (BOOT) basis

Shares trade flat on the BSE at ₹1,630.90.

Suraj Ltd has implemented the 1st phase of Flanges product plant. Company is in implementing phase of carbon steel plant and it will be completed by April 2025. 

Stock trades flat on the NSE at ₹440.90

Swiggy IPO subscribed 0.31 times. Track live updates.

Top gainers:

Apollo Hospitals (6.67%), SBI (0.50%), HDFC Life (0.37%), TCS (0.19%), L&T (0.19%) 

Top losers: 

Hindalco (-8.42%), Trent (-6.91%), Grasim (-3.34%), Shriram Finance (-3.03%), Tech Mahindra (-2.67%)

Stocks advanced on BSE at 3 pm on November 7, 2024, were 1,834 against 2,079 stocks that declined, and 121 remained unchanged. Total stocks traded were 4,034. The number of stocks that recorded a 52-week high was 240, and those that hit a 52-week low was 13. A total of 350 stocks traded in the upper circuit, and 198 in the lower circuit.

The Nifty opened within the range of the previous day, and has slid since after an attempt to build on yesterday’s advance. For the day, support near 24,400 will be key. This is because any close under this level will create a “bearish dark cloud cover”. If the decline worsens, then participants will be watching yesterday’s open 24,309 closely - if the market ends below this marker it will create the more powerful “bearish engulfing”. For the last few days, 24,500 has served as resistance and will continue to be the critical upside hurdle going forward. On the downside, 24,309 and 24,204 will be key levels to watch.

Niva Bupa Health Insurance Company IPO has been subscribed 0.54 times as of 2.27 pm on November 7, 2024. QIB portion has been subscribed 0.78 times, NII 0.03 times, and retail 0.56 times. The issue closes on November 11, 2024.

Almost 50% valuation compared to Zomato gives some comfort although it should not be considered as an arbitrage in valuation. If Swiggy’s EBITDA catches up to 3-4% in the food delivery business, which is currently at 1% and Average Order Value (AOV) improves to Rs. 550-600 levels in quick commerce with higher non-grocery share, we can see bridging in the valuation gap. Although, this should not be expected in near term.

​Sagility India IPO​ has been subscribed 2.32 times as of 2.18 pm on November 7, 2024. QIB portion has been subscribed 2.65 times, NII 0.93 times, retail 3.42 times, and those reserved for employees 3.26 times. The issue closes today.

Brokerage Motilal Oswal recognised that Swiggy pioneered the hyperlocal commerce industry in India, launching food delivery in 2014 and quick commerce in 2020, and is well-recognised as a leader in innovation. 

Swiggy operates in an oligopoly market which is at a nascent stage, thus providing enough opportunities for players to create their niche.

Motilal analysts remarked that the food delivery platform’s innovation DNA is key to success and it could again be at the forefront through its new 10-minute food delivery offering.

Indian equity benchmarks extended their losses in afternoon trading on Thursday, with the BSE Sensex plunging 782.84 points to 79,595.29 and the NSE Nifty dropping 262.10 points to 24,221.95, marking a decline of 0.97 per cent and 1.07 per cent respectively.

1. K.P. Energy: GOOD TO EXCELLENT RESULTS

For the quarter ending Sep-24, Sales up 2.8x YoY from INR 70 Cr in Sep-23 to INR 199 Cr in Sep-24. Similarly, Net Profit up 3.1x from INR 8 Cr to INR 25 Cr. On a QoQ basis, Sales up 57% and Net Profit up 39%.

2. KPI Green Energy: GOOD TO EXCELLENT RESULTS

For the quarter ending Sep-24, Sales up 67% YoY from INR 215 Cr in Sep-23 to INR 360 Cr in Sep-24. Similarly, Net Profit up 2x from INR 35 Cr to INR 70 Cr. On a QoQ basis, Sales up 3% and Net Profit up 6%.

3. KP Green Engineering: GOOD TO EXCELLENT RESULTS

For the half year ending Sep-24, Sales up 2.5x YoY from INR 104 Cr in Sep-23 to INR 262 Cr in Sep-24. Similarly, Net Profit up 2.5x from INR 11 Cr to INR 27.5 Cr. On a HoH basis, Sales up 7% and Net Profit up 15%.

4. S J Logistics: GOOD TO EXCELLENT RESULTS

For the half year ending Sep-24, Sales up 2.2x YoY from INR 103 Cr in Sep-23 to INR 225 Cr in Sep-24. Similarly, Net Profit up 2.5x from INR 9.3 Cr to INR 23.4 Cr. On a HoH basis, Sales up 34% and Net Profit up 76%.

5. Nibe: AGREEMENT & JOINT VENTURES

Company has entered into a Licensing Agreements with (i) Vehicles Research & Development Establishment (VRDE), Ahmednagar, (ii) High Energy Material Research Laboratory (HEMEL), Pune, and (iii) Instruments Research & Development Establishment (IRDE), Dehradun, Defence Research & Development Organisation (DRDO), Ministry of Defence, Government of India for Transfer of Technology to manufacture and sell (i) Full Trailer of 70th Tank Transporter for MBT Arjun MK -1A (ii) OPX-Revilator and (iii) Laser Photoacoustic Spectroscopy (LPAS) respectively in India to Indian Armed Forces/Other Govt. Agencies (Central and State).

Company has signed a Letter of Intent (LOI) with HBE, South Korea to set-up a joint venture for forging facilities in India to manufacture defence and aerospace products. In proposed JV Nibe and HBE will hold in the ratio of 51:49.

Company to set-up a joint venture in India with Sig Sauer, USA, (a world renowned firearms and weapons manufacture of premier global military, law enforcement and commercial users) to manufacture weapons and defence products for the Indian military, paramilitary, security and Police Services. In proposed JV Nibe and Sig Sauer will hold in the ratio of 51:49.

Natural gas futures on the Multi Commodity Exchange (MCX) have been on a downtrend since early October. The November expiry contract, currently trading at ₹232 per mmBtu, started declining after facing a resistance at ₹285. Read more

QIB: 0.14 times

NIIs: 0.10 times

Retail investors: 0.73 times

Employee reserved: 1.00 times

Total 0.24 times

Paras Defence and Space Technologies has received an order from Instruments Research and Development Establishment (IRDE), Ministry of Defence, valued at approximately ₹61.43 crore (incl taxes) for Upgrade of Optronic Periscope Sight with Accessories, including ESM Warner, for Indian Naval Submarine Application.

Paras Defence stock trades flat on the NSE at ₹1,067.75

Aurionpro Solutions has been awarded a contract by Chennai Metro Rail Corporation Limited (CMRL) to deliver Automated Fare Collection (AFC) systems for Phase II of the Chennai Metro. The project encompasses Corridor 3, spanning from Sholinganallur to Sipcot, and Corridor 5, extending from Koyambedu to Elcot Park.

Shares trade at ₹1,675.90 on the NSE, down by 1.13%.

Mahindra & Mahindra recorded a consolidated net profit for the quarter ended September 2024 at ₹3,361.06 crore, as against ₹2,483.97 crore in the corresponding quarter last year.

Shares trade 1.11% lower on the NSE at ₹2,902.10

Top gainers: Apollo Hospitals (6.52%), HDFC Life (0.34%), Tata Steel (0.20%)

Top losers: Hindalco (-8.50%), Grasim (-3.13%), Adani Enterprises (-2.93%), Shriram Finance (-2.61%), Tech Mahindra (-2.47%)

Of 3,935 stocks traded on the BSE at 12 noon on November 7, 2024, 1,895 advanced against 1,883 stocks that declined, and 157 remained unchanged. While 221 stocks recorded a 52-week high, 11 hit a 52-week low. A total of 305 stocks traded in the upper circuit, and 182 in the lower circuit.

Amid record inflows into equity mutual funds, about 77 per cent of actively managed equity large-cap funds trailed the S&P India LargeMidCap’s total return of 17 per cent, posting an asset weighted average return of 14 per cent.

Equity Linked Savings Scheme and Indian Equity Mid-/Small-Cap funds had relatively better results with 58 per cent of Indian ELSS managers underperformed the S&P India BMI and a 52 per cent of the mid and small-cap funds underperformed the S&P India SmallCap’s total return of 22 per cent .

Benedek Voros, Director of Index Investment Strategy, S&P DJI said given the significant dispersion of individual stock returns, stock picking may have played a significant role in active fund performance in H1 2024. 

The top 20 stocks (out of 237) combined accounted for over one-half of the S&P India LargeMidCap’s 17.4 per cent total return in the first six months of this year, he said.

Swiggy’s ₹11,327.43 crore IPO raises significant concerns as the food delivery platform has reported continuous losses since its 2014 inception, according to SAMCO Securities’ analysis. Read more

Geojit assigns subscribe rating to Niva Bupa Health Insurance Company IPO

“Considering its strong parentage, improving market share, and profitability, we assign a “Subscribe” rating for long-term investment,” it said.

Choice Equity Broking has issued a “Subscribe for Long Term” rating for Swiggy’s IPO, balancing the company’s strong market presence against ongoing profitability challenges. The food delivery platform’s public offeringaims to raise ₹11,327 crore at a price band of ₹440-₹463 per share.

Choice Equity Broking has issued a “Subscribe for Long Term” rating for Swiggy’s IPO, balancing the company’s strong market presence against ongoing profitability challenges. The food delivery platform’s public offeringaims to raise ₹11,327 crore at a price band of ₹440-₹463 per share.

Leading food delivery platform Swiggyhas received a ‘Subscribe’ rating from Mehta Equities Ltd for its IPO, with the brokerage citing improved financials and market expansion as key factors. Read more

Domestic brokerage Geojit Financial has issued ‘Subscribe’ rating on Swiggy IPO, citing the food delivery platform’s strong brand presence and growth potential. The brokerage has assigned the rating for the issue on a long term investment basis, considering its strong brand recall, diversified offerings, integrated app, rapid scaling, consistent innovation, expansion of dark stores, and promising industry outlook.

“Gold prices in India held steady even as the dollar price of gold plunged by more than a $125 in the last 24 hours to trade at around 2670, very close to its 50 DMA of around 2653 USD. The decisive win by Trump of the US mandate, stronger than expected, the probability of easing of tensions in the middle east is now a high possibility. At the same time, his statements over the next few weeks could put some cats amongst the pigeons as he makes noises on China, Russia, Oil and of course, renewables. With the USD gaining strength, Gold – being inversely related, is bound to fall and therefore the Fed meeting today holds great importance as to the future direction of bonds and the dollar. On the one hand the pre election rhetoric points to yields hardening in the US, growth and incremental data is unlikely to change the trajectory that the central banks wish to take and will act as a counter. Hence a bit of bumpiness is expected in the next 2-3 weeks and maybe right upto the President elect assuming office in January. Gold as of now remains on an uptrend but like we have been saying, tight stops are necessary especially if the pivots around USD 2600 are challenged as that would mark a significant break. Till then, its anticipated that the initial kneejerk reaction on the USD may reverse esp if President Trump talks around higher deficits that could put pressure on the USD. “

Driven by tractor and automobile sales, Mahindra & Mahindra is expected to report strong revenue growth in Q2. 

According to analysts, the company saw a double-digit growth in its revenue from the automobile and farm segments. Profit after tax during the quarter is expected to be in single digits at ₹3,383 crore. Read more

Crude oil futures traded higher on Thursday morning as the market continued to analyse the impact of Donald Trump’s victory in the US Presidential election. 

At 9.55 am on Thursday, January Brent oil futures were at $75.44, up by 0.69 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $72.14, up by 0.63 per cent. 

November crude oil futures were trading at ₹6096 on the Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹6075, up by 0.35 per cent, and December futures were trading at ₹6070 against the previous close of ₹6051, up by 0.31 per cent. Read more

India’s FMCG industry posted a volume growth of 4.1 per cent in the September quarter over the year-ago period with price growth being flat, the industry’s value growth stood at 5.7 per cent, as per the latest estimates released by NielsenIQ. It said this reflected the industry’s “resilience”. The rural region reported 2x faster growth ( 6 per cent) than urban regions (2.8 per cent), and surpassed urban areas for the third consecutive quarter.

Swiggy IPO has been subscribed 0.15 times as of 10.30 am on November 7, 2024 NII portion has been subscribed 0.09 times, retail 0.66 times, and those reserved for employees 0.90 times. The issue closes on November 8, 2024. Track live updates

Tata Steel shares rise 1.52% on NSE to ₹155.95; company reports net profit of ₹759 crore in September quarter against a loss of ₹6,511 crore logged in the same period last year, despite lower realisations and weak demand. 

Indian benchmark indices opened lower on Thursday, taking a breather after the previous day’s sharp rally, as investors assessed the implications of Donald Trump’s return to the White House and awaited the US Federal Reserve’s policy decision. 

As of 9.45 am, both the Sensex and Nifty indexes are experiencing slight declines. The Sensex opened at 80,563.42, up from its previous close of 80,378.13, but has since dropped to 80,003.35, marking a decrease of 374.78 points or 0.47 per cent. Similarly, the Nifty opened at 24,489.60, slightly above its previous close of 24,484.05, but is now trading at 24,361.95, down by 122.10 points or 0.5 per cent. 

Bharti Airtel’s promoter Bharti Telecom has purchased around 1.2 per cent shares of the company from the Bharti family’s investment firm Indian Continent Investment Ltd, a regulatory filing said on Wednesday.

Bharti Airtel stock trades flat on the NSE at ₹1,592.95

Macrotech Developers has executed Securities Purchase Agreements with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (“Bain Capital”) for acquisition of their interest in the Digital Infrastructure Platform entities (viz. Bellissimo Digital Infrastructure Development Management Private Ltd, Palava Induslogic 4 Private Ltd and Bellissimo In City FC Mumbai 1 Private Ltd), in entirety at a consideration of ₹307 crore.

Shares rose 2.09% on the NSE to ₹1,244

Top gainers: Apollo Hospitals (6.36%), Tata Steel (6.36%), HCL Tech (0.66%), Coal India (0.61%), TCS (0.46%)

Top losers: Hindalco (-6.93%), Adani Enterprises (-2.87%), Ultratech Cement (-1.56%), Bajaj Finserv (-1.53%), Power Grid (-1.40%)

The ₹2,900-crore initial public offering of ACME Solar Holdings enters its second day with overall subscription of 0.39 times. The IPO comes with a price band of ₹275-289 a share and will close on Friday. The issue is a combination of a fresh issue of ₹2,395 crore, and an offer-for-sale of ₹505 crore by the promoter ACME Cleantech Solutions. The minimum application lot size is 51 shares.

Crude oil futures traded higher on Thursday morning as the market continued to analyse the impact of Donald Trump’s victory in the US Presidential election. At 9.22 am on Thursday, January Brent oil futures were at $75.58, up by 0.88 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $72.15, up by 0.64 per cent. November crude oil futures were trading at ₹6099 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹6075, up by 0.40 per cent, and December futures were trading at ₹6077 against the previous close of ₹6051, up by 0.43 per cent

Ex-Dividend 08 Nov 2024 (Tomorrow) 

Last date for Cum-Dividend Today 

Computer Age Management Services Ltd 

Special Dividend Per Share Rs.10.5 

Dividend Per Share Rs.14.5 

Previous day Closing Price – Rs. 4668.25 

Dabur India Ltd. 

Dividend Per Share Rs.2.75 

Previous day Closing Price – Rs. 539.55 

Dr.Agarwals Eye Hospital Ltd. 

Dividend Per Share Rs.2.5\u0009

Previous day Closing Price – Rs. 5263.55\u0009

\u0009

Petronet LNG Ltd.\u0009

Dividend Per Share Rs.7\u0009

Previous day Closing Price – Rs. 344.6\u0009

\u0009

REC Ltd\u0009

Dividend Per Share Rs.4\u0009

Previous day Closing Price – Rs. 532.5\u0009

\u0009

TCI Express Ltd\u0009

Dividend Per Share Rs.3\u0009

Previous day Closing Price – Rs. 985.6\u0009

\u0009

Zee Entertainment Enterprises Ltd.\u0009

Dividend Per Share Rs.1\u0009

Previous day Closing Price – Rs. 123.35

Ex - Stock Split 08 Nov 2024 (Tomorrow) 

Last day trade for before split Today 

Cropster Agro Ltd\u0009

Stock Split From Rs.10/- to Rs.1/-\u0009

Previous day Closing Price – Rs. 750\u0009

\u0009

Motisons Jewellers Ltd\u0009

Stock Split From Rs.10/- to Rs.1/-\u0009

Previous day Closing Price – Rs. 293.35\u0009

\u0009

Roto Pumps Ltd.\u0009

Stock Split From Rs.2/- to Rs.1/-\u0009

Previous day Closing Price – Rs. 553.8

Niva Bupa Health Insurance Company has fixed the price band of ₹70-74 a share for its forthcoming IPO that will open on November 7 and close on November 11. 

The initial public offering of Sagility India closes for public subscription today. The IPO of the Bengaluru-based healthcare-focused services provider has been subscribed 52 per cent or 0.52 times so far. The ₹2,106.60-crore issue comes at a price band of ₹28-30 a share.

The entire issue is an offer-for-sale of 70.22 crore shares by its Netherland-based promoter, Sagility BV. 

After a Trump-induced stellar rally, domestic markets are likely to return to normalcy. Gift Nifty at 24,450 signals a gap-down opening of about 130 points as Nifty futures on Wednesday closed at 24,587. Analysts say domestic macro events and the Fed meet will remain in focus. With foreign portfolio investors continuing to remain in sell mode, the rally may peter out, they added. Q2 results of India Inc are not supportive of valuation, they further said.

Exchange Rate Used: US$ 1 = INR 84.2366 (Source: RBI, as of November 06, 2024)

Indicative Total Issue Size: Up to INR 10,000 Mn (approx. US$ 119 Mn) 

Indicative Issue Size (Base): Up to INR 8,000 Mn (approx. US$ 95 Mn) 

Indicative Issue Size (Green Shoe Option): Up to INR 2,000 Mn (approx. US$ 24 Mn)

Indicative Issue Price: INR 1,105 per Equity Share (4.93% discount to SEBI Floor Price) 

Last Closing Price: INR 1,269.85 per Equity Share on NSE as on November 06, 2024 

Implied Discount of indicative issue price from closing price: 12.98% discount to the close price on NSE on November 06, 2024 

Dilution: ~5.57% of post-issue paid-up equity share capital (At indicative issue price) 

SEBI Floor Price: INR 1,162.25 per Equity Share 

Indicative Timelines: 

Issue Open – Wednesday, 6th November 2024 (post market hours)

Issue Close (option to extend further) – Tuesday, November 7th, 2024 

Receipt of Application Money and forms (Pay-in) - On or before Monday, 11th November, 2024 

Demat Credit of shares – Wednesday, 13th November, 2024

Trading of shares – Thursday, 14th November, 2024

Sole Banker: DAM Capital Advisors Limited

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As of 07:26 AM Thursday 07 November 2024

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RVNL: Company’s consortium emerges as lowest bidder for order worth Rs 19.17 Billion (Positive) 

Wipro: Company announces strategic partnership with Relex solutions, (Positive) 

Krishna Institute of Medical Sciences: Company expands to Kerala with a plan of establishing 3000 beds over the next 5 year (Positive) 

Shakti Pumps: Company received work order for 3,174 pumps worth Rs. 116.36 Crores. (Positive) 

Reliance Power: Company unit Rosa power, prepays another Rs. 485 crore debt to varde partners, becoming zero-debt Company, total prepayment of debt is Rs. 1,318 crore. (Positive) 

Waaree Energies: Received order for supply of 180 Mwp solar modules. (Positive) 

Polycab: Emerges L-1 bidder from BSNL’s Bharat Net Project for Rs 1550 cr (Positive) 

Pricol: Net profit at Rs 45.07 cr vs Rs 33.15 cr, Revenue at Rs 668 cr vs Rs 578 cr (YoY) (Positive) 

Ester: Net profit at Rs 6.7 cr vs loss Rs 35 cr, Revenue at Rs 331 cr vs Rs 261 cr (YoY) (Positive) 

Aadhar Housing Fin: Net profit at Rs 227.51 cr vs Rs 197.2 cr, NII at Rs 387 cr vs Rs 322 cr (YoY) (Positive) 

Beta Drugs: Net profit at Rs 32.7 cr vs Rs 26.5 cr, Revenue at Rs 190 cr vs Rs 142 cr (YoY) (Positive) 

Endurance: Net profit at Rs 203 cr vs Rs 154.5 cr, Revenue at Rs 2913 cr vs Rs 2545 cr (YoY) (Positive) 

Appolo Hospitals: Net profit at Rs 380 cr vs Rs 233 cr, Revenue at Rs 5590 cr vs Rs 4850 cr (YoY) (Positive) 

Chambal Fert: Net profit at Rs 536.37 cr vs Rs 448.36 cr, Revenue at Rs 4346 cr vs Rs 4933 cr (QoQ) (Positive) 

Blue Star: Net profit at Rs 96 cr vs Rs 71 cr, Revenue at Rs 2276 cr vs Rs 1890 cr (YoY) (Positive) 

FDC: Net profit at Rs 72.0 cr vs Rs 69.8 cr, Revenue at Rs 510 cr vs Rs 490 cr (YoY) (Positive) 

JB Chemicals: Net profit at Rs 175.0 cr vs Rs 151 cr, Revenue at Rs 1001 cr vs Rs 882 cr (YoY) (Positive) 

Tata Steel: Net Profit at Rs 833 crore versus poll Rs 139 crore, Revenues at Rs 53,905 crore versus poll Rs 53,734 crore (Positive) 

Sonata Software: Net profit at Rs 110 cr vs Rs 124 cr, Revenue at Rs 2170 cr vs Rs 1913 cr (YoY) (Neutral) 

Usha Martin: Net profit at Rs 110 cr vs Rs 110 cr, Revenue at Rs 890 cr vs Rs 780 cr (YoY) (Neutral) 

Power Grid: Net profit at Rs 3793 cr vs Rs 3781 cr, Revenue at Rs 11277 cr vs Rs 11267 cr (YoY) (Neutral) 

Gujarat Gas: Net profit at Rs 306.9 cr vs Rs 329.78 cr, Revenue at Rs 3781 cr Rs 4450 cr (QoQ) (Neutral) 

Gulf Oil: Net profit at Rs 84.44 cr vs Rs 88.02 cr, Revenue at Rs 849 cr vs Rs 885 cr (QoQ) (Neutral) 

Kansai Nerolac: Net profit at Rs 122.79 cr vs Rs 177.15 cr, Revenue at Rs 1951 cr Rs 1957 cr (YoY) (Neutral) 

Hindustan Zinc: India government to exercise oversubscription option in offer for sale, to sell additional 0.51% stake in Hindustan zinc via oversubscription option (Neutral) 

Ultratech Cement: Company unit increased its stake in Rsas AL Khaimah co. for white cement and construction materials PSC, Company unit increased its stake in Rsas AL Khaimah co. to 65.94% (Neutral) 

SpiceJet: AGM to be held on or before December 31, 2024 (Neutral) 

Hindalco: Novelis Q2 net sales at $4.30 bn, up 5% YoY. (Negative) 

Jindal Steel & Power: Net profit at Rs 860 cr vs Rs 1390 cr, Revenue at Rs 11200 cr vs Rs 12250 cr (YoY) (Negative) 

JK Lakshmi Cement: Net loss at Rs 13.9 cr vs Net Profit Rs 92.7 cr, Revenue at Rs 1230 cr vs Rs 71570 cr (YoY) (Negative) 

Delta Corp: Net profit at Rs 26.9 cr vs Rs 69.4 cr, Revenue at Rs 188 cr vs Rs 261 cr (YoY) (Negative)

5 stocks added to Standard Index, none removed

13 stocks added to Small cap Index, while 7 removed

Stocks added to Standard index - Alkem Laboratories, BSE, Kalyan Jewellers, Oberoi Realty, and Voltas

Stocks added to Smallcap index – Aadhar Housing, Anup Engineering, Balu Forge, Bondada Engineering, DCM Shriram, Entero Healthcare, Eureka Forbes, Ganesha Ecosphere, Indegene, JSW Holdings, PC Jeweller, Refex Industries, Signatureglobal

HDFC Bank weightage in MSCI index increases further owing to increased foreign investment headroom

Adani Energy Solutions was expected to be added to the standard index, however, failed to make the cut

This is because of the show cause notice by SEBI for potential wrongful categorization of shareholding of certain entities

MSCI continues to monitor Adani Group and associated securities, including related to free float, and will issue further communication if appropriate

AARTIIND

* Revenue expected at Rs 1645 crore versus Rs 1454 crore

* EBITDA expected to be seen at Rs 255 crore versus Rs 233 crore

* EBITDA margin expected to be seen at 15.50% versus 16.02%

* Net profit expected to be seen at Rs 77 crore versus Rs 91 crore

ASHOKLEY

* Revenue expected at Rs 8810 crore versus Rs 9591 crore

* EBITDA expected to be seen at Rs 965 crore versus Rs 1104 crore

* EBITDA margin expected to be seen at 10.95% versus 11.51%

* Net profit expected to be seen at Rs 563 crore versus Rs 538 crore

LICI 

* APE expected at Rs 14553 crore versus Rs 13095 crore

* EBIT expected to be seen at Rs 8621 crore versus Rs 7682 crore

* EBIT margin expected to be seen at 7.30% versus 3.80%

* Net profit expected to be seen at Rs 8435 crore versus Rs 8030 crore

MRF

* Revenue expected at Rs 6650 crore versus Rs 6217 crore

* EBITDA expected to be seen at Rs 910 crore versus Rs 1156 crore

* EBITDA margin expected to be seen at 13.68% versus 18.61%

* Net profit expected to be seen at Rs 380 crore versus Rs 586 crore

MSUMI

* Revenue expected at Rs 2454 crore versus Rs 2104 crore

* EBITDA expected to be seen at Rs 397 crore versus Rs 248 crore

* EBITDA margin expected to be seen at 16.18% versus 11.79%

* Net profit expected to be seen at Rs 239 crore versus Rs 155 crore

NAUKRI

* Revenue expected at Rs 649 crore versus Rs 625 crore

* EBITDA expected to be seen at Rs 275 crore versus Rs 204 crore

* EBITDA margin expected to be seen at 42.37% versus 32.64%

* Net profit expected to be seen at Rs 248 crore versus Rs 159 crore

SBIN 

* NII expected at Rs 41798 crore versus Rs 39500 crore

* EBIT expected to be seen at Rs 25214 crore versus Rs 19301 crore

* EBIT margin expected to be seen at 47.14% versus 48.86%

* Net profit expected to be seen at Rs 16135 crore versus Rs 14330 crore

TATAMOTORS

* Revenue expected at Rs 99465 crore versus Rs 105128 crore

* EBITDA expected to be seen at Rs 13902 crore versus Rs 13766 crore

* EBITDA margin expected to be seen at 13.97% versus 13.10%

* Net profit expected to be seen at Rs 4474 crore versus Rs 3887 crore

AAVAS, ABBOTINDIA, ABFRL, APLLTD, ASTRAL, BAJAJELEC, CAPLIPOINT, CARYSIL, CLEAN, COCHINSHIP, CUMMINSIND, EMAMILTD, EMCURE,ESCORTS, GESHIP, GMMPFAUDLR, GOLDIAM, GRINFRA, GSPL, GUJALKALI, HAPPYFORGE, HAWKINCOOK, HIL, ICIL, IMAGICAA, IMFA, INDHOTEL, INDIAGLYCO, INDIGOPNTS, INNOVACAP, IRCON, ITDCEM, KENNAMET, LINDEINDIA, LUPIN, M&M, MMTC, MOLDTKPAC, NAVNETEDUL, NCC, NHPC, NITINSPIN, NRBBEARING, PAGEIND, PRINCEPIPE, RHIM, ROLEXRINGS, RPGLIFE, RVNL, SAIL, SANOFI, SHYAMMETL, STYLEBAAZA, SUBROS, TARSONS, TRENT, UNIPARTS, VIJAYA, VSSL, WABAG, YATHARTH 

ABBOTINDIA

* Revenue expected at Rs 1628 crore versus Rs 1494 crore

* EBITDA expected to be seen at Rs 407 crore versus Rs 380 crore

* EBITDA margin expected to be seen at 25.00% versus 25.43%

* Net profit expected to be seen at Rs 349 crore versus Rs 312 crore

CUMMINSIND

* Revenue expected at Rs 2228 crore versus Rs 1899 crore

* EBITDA expected to be seen at Rs 421 crore versus Rs 338 crore

* EBITDA margin expected to be seen at 18.90% versus 17.82%

* Net profit expected to be seen at Rs 393 crore versus Rs 328 crore

COCHINSHIP

* Revenue expected at Rs 1001 crore versus Rs 1011 crore

* EBITDA expected to be seen at Rs 220 crore versus Rs 191 crore

* EBITDA margin expected to be seen at 21.97% versus 18.90%

* Net profit expected to be seen at Rs 199 crore versus Rs 181 crore

EMAMILTD

* Revenue expected at Rs 909 crore versus Rs 864 crore

* EBITDA expected to be seen at Rs 242 crore versus Rs 233 crore

* EBITDA margin expected to be seen at 26.62% versus 27.02%

* Net profit expected to be seen at Rs 193 crore versus Rs 178 crore

ESCORTS

* Revenue expected at Rs 2355 crore versus Rs 2059 crore

* EBITDA expected to be seen at Rs 295 crore versus Rs 260 crore

* EBITDA margin expected to be seen at 12.52% versus 12.66%

* Net profit expected to be seen at Rs 262 crore versus Rs 223 crore

INDHOTEL

* Revenue expected at Rs 1724 crore versus Rs 1433 crore

* EBITDA expected to be seen at Rs 460 crore versus Rs 354 crore

* EBITDA margin expected to be seen at 26.68% versus 24.75%

* Net profit expected to be seen at Rs 248 crore versus Rs 166 crore

LUPIN

* Revenue expected at Rs 5518 crore versus Rs 5038 crore

* EBITDA expected to be seen at Rs 1187 crore versus Rs 917 crore

* EBITDA margin expected to be seen at 21.51% versus 18.21%

* Net profit expected to be seen at Rs 720 crore versus Rs 489 crore

M&M

* Revenue expected at Rs 27012 crore versus Rs 24309 crore

* EBITDA expected to be seen at Rs 3817 crore versus Rs 4396 crore

* EBITDA margin expected to be seen at 14.13% versus 18.09%

* Net profit expected to be seen at Rs 3469 crore versus Rs 3451 crore

NHPC

* Revenue expected at Rs 2980 crore versus Rs 2931 crore

* EBITDA expected to be seen at Rs 1778 crore versus Rs 1757 crore

* EBITDA margin expected to be seen at 59.66% versus 59.95%

* Net profit expected to be seen at Rs 1197 crore versus Rs 1545 crore

SAIL

* Revenue expected at Rs 24885 crore versus Rs 29712 crore

* EBITDA expected to be seen at Rs 1713 crore versus Rs 3875 crore

* EBITDA margin expected to be seen at 6.88% versus 13.04%

* Net profit expected to be seen at Rs -74 crore versus Rs 1720 crore

TRENT

* Revenue expected at Rs 4335 crore versus Rs 2982 crore

* EBITDA expected to be seen at Rs 657 crore versus Rs 456 crore

* EBITDA margin expected to be seen at 15.16% versus 15.31%

* Net profit expected to be seen at Rs 399 crore versus Rs 234 crore

Q2FY25 EARNING CALENDAR 08.11.2024

AARTIIND, ACE, ALEMBICLTD,ASHOKLEY, BAJAJHIND, BBL, BECTORFOOD, CHOLAHLDNG, DREAMFOLKS, EQUITASBNK, ESABINDIA, ETHOSLTD, FINEORG, FLAIR, FORTIS, GOCLCORP, GVTD, IKIO, INDIACEM, INOXINDIA, JLHL, JWL, KCP, KOVAI, LATENTVIEW, LICI, MAPMYINDIA, MAYURUNIQ, METROPOLIS,MRF, MSUMI, MUKANDLTD, NAUKRI, ORIENTCEM, PICCADIL, PIXTRANS, PREMIERENE, PURVA, RELAXO, RSYSTEMS, SAFARI, SAMHI, SBIN, SCI, SIGNATURE, SMSPHARMA, STARCEMENT, TATAMOTORS, TIL, VPRPL, WELCORP, WHIRLPOOL, ZFCVINDIA

Q2 SL NET PROFIT 1.3 RUPEES VS 1.8B (YOY); 2.4B (QOQ)

KANSAI NEROLAC PAINTS: Q2 REVENUE 18.6B RUPEES VS 18.45B (YOY)

KANSAI NEROLAC PAINTS: Q2 EBITDA 2.15B RUPEES VS 2.7B (YOY) || Q2 EBITDA MARGIN 11.54% VS 14.62% (YOY)

Q2 CONS NET LOSS 139M RUPEES VS PROFIT 927M (YOY); PROFIT 703M (QOQ)

JK LAKSHMI CEMENT: Q2 REVENUE 12.3B RUPEES VS 15.7B (YOY)

JK LAKSHMI CEMENT: Q2 EBITDA 976M RUPEES VS 2.3B (YOY) || Q2 EBITDA MARGIN 7.91% VS 14.69% (YOY)

👉Net Profit Up 35.6% At ₹96 Cr Vs ₹70.8 Cr (YoY)

👉Revenue Up 20.4% At ₹2,276 Cr Vs ₹1,890.4 Cr (YoY)

👉EBITDA Up 21.8% At ₹149.4 Cr Vs ₹122.7 Cr (YoY)

👉Margin At 6.6% Vs 6.5% (YoY)

6 November 2024 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 115422.19 + 8797.39 Total: 124219.58

F&O Volume: 454685.93 + 651629.18 Total: 1106315.11

Provisional Cash

FII/FPI: NET SELL: -4445.59 

(11911.9 - 16357.49) 

DII: NET BUY: +4889.33 

(16061.64 - 11172.31)

- ALKEM LABORATORIES

- BOMBAY STOCK EXCHANGE

- KALYAN JEWELLERS INDIA

- OBEROI REALTY

- VOLTAS

- ALKEM LABORATORIES

- BOMBAY STOCK EXCHANGE

- JINDAL STAINLESS

- JSW ENERGY

- KALYAN JEWELLERS INDIA

- OBEROI REALTY

- ORACLE FINL SVCS SOFTW

- PRESTIGE ESTATES PROJECT

- VOLTAS

TENT CHINA Trade Balance (Expected: 560B versus Previous: 583B)

17.30 U.K. BOE Monetary Policy (Expected: 4.75% versus Previous: 5.00%)

19.00 U.S. Unemployment Claims (Expected: 220K versus Previous: 216K)

00.30 U.S. Federal Reserve Monetary Policy (Expected: 4.75 % versus Previous: 5.00%)

01.00 U.S. Federal Reserve Press Conference

Duke Energy Corporation (Pre market) (Sector- Energy)

Transdigm Group Incorporated (Pre market) (Sector- Defense)

Air Products and Chemicals, Inc. (Pre market) (Sector- Chemical)

Becton, Dickinson and Company (Pre market) (Sector- Healthcare)

CRH PLC (Pre market) (Sector- Construction)

Pacific Gas & Electric Co. (Pre market) (Sector- Energy)

TC Energy Corporation(Pre market) (Sector- Energy)

Kenvue Inc. (Pre market) (Sector- Healthcare) 

Vistra Corp. (Pre market) (Sector- Power)

Datadog, Inc. (Pre market) (Sector- Technology)

Hershey Company (Pre market) (Sector- FMCG)

Barrick Gold Corporation (Pre market) (Sector- Metal)

Rockwell Automation, Inc. (Pre market) (Sector- Capital Goods)

BCE, Inc. (Pre market) (Sector- Technology)

Halliburton Company (Pre market) (Sector- Energy)

Cameco Corporation (Pre market) (Sector- Energy)

Moderna, Inc. (Pre market) (Sector- Healthcare)

Endeavor Group Holdings, Inc. (Pre market) (Sector- Media)

Warner Bros. Discovery, Inc. (Pre market) (Sector- Media)

ArcelorMittal (Pre market) (Sector- Metal)

Liberty Media Corporation (Pre market) (Sector- Media)

The Carlyle Group Inc. (Pre market) (Sector- Financial)

Dynatrace, Inc. (Pre market) (Sector- Technology)

US Foods Holding Corp. (Pre market) (Sector- Retailer)

Bentley Systems, Incorporated (Pre market) (Sector- Technology)

Viatris Inc. (Pre market) (Sector- Healthcare)

Evergy, Inc. (Pre market) (Sector- Power)

Liberty Broadband Corporation (Pre market) (Sector- Media)

Tapestry, Inc. (Pre market) (Sector- Retailer)

EPAM Systems, Inc. (Pre market) (Sector- Technology)

Arista Networks, Inc. (Post market) (Sector- Technology)

Airbnb, Inc. (Post market) (Sector- Technology)

Petroleo Brasileiro SA (Post market) (Sector- Energy)

Motorola Solutions, Inc (Post market) (Sector- Technology)

EOG Resources, Inc. (Post market) (Sector- Energy)

Fortinet, Inc. (Post market) (Sector- Technology)

The Trade Desk, Inc. (Post market) (Sector- Technology)

Monster Beverage Corporation (Post market) (Sector- FMCG)

Block, Inc. (Post market) (Sector- Technology)

Consolidated Edison Inc (Post market) (Sector- Energy)

Axon Enterprise, Inc. (Post market) (Sector- Defense)

Cloudflare, Inc. (Post market) (Sector- Technology)

Wheaton Precious Metals Corp. (Post market) (Sector- Metal)

Mettler-Toledo International, Inc (Post market) (Sector- Technology)

Corpay, Inc. (Post market) (Sector- Financial)

Pinterest, Inc. (Post market) (Sector- Technology)

Expedia Group, Inc. (Post market) (Sector- Hotels)

Toast, Inc. (Post market) (Sector- Technology)

DraftKings Inc. (Post market) (Sector- Hotels)

Credicorp Ltd. (Post market) (Sector- Financial)

News Corporation (Post market) (Sector- Media)

Insulet Corporation (Post market) (Sector- Healthcare)

Rivian Automotive, Inc (Post market) (Sector- Automobiles)

- Adj EPS $2.69 (est $2.56)

- Adj Rev $10.24B (est $9.91B)

- Sees Q1 FY25 Rev $10.5B To $11.3B (est $10.54B)

- Board Approve Buy Back Of $15B

(Stock jumped by more than 5 percent post closing hours

Reserve Bank of India Governor Shaktikanta Das on Wednesday said a change in stance doesn’t mean that the next step is a rate cut in the very next meeting. The six-member monetary policy committee (MPC), which met from October 7-9, had decided unanimously to change the stance to ‘neutral’ from ‘withdrawal of accommodation’. However, it kept the repo rate unchanged at 6.50 per cent by a majority of 5 out of 6 members.

A sharp 1600 points fall in benchmark Nifty50 in October has weighed in on the annual return generated by pension funds on NPS (National Pension System) monies parked in equity scheme. 

The relentless selling by foreign portfolio investors in Indian equities has not deterred promoters, private equity investors and other investors from monetising their stakes in companies and sell-downs through bulk and block deals have doubled in 2024 year to date at over $67 billion.

The stock of PNB Housing Finance can be considered for short-term investments. The scrip, which saw a decline since mid-September, has shed the bearish bias after finding support at ₹870. The price action over the past couple of weeks indicates good buying interest. Read more