Stock market highlights 11th July 2024: Sensex, Nifty settle shade lower on profit-taking ahead of the release of key financial results

Benchmark Sensex and Nifty closed marginally down in a volatile session on Thursday as investors booked profits in heavyweights ahead of the announcement of key financial results for the June quarter.

Retreating from early highs, the 30-share BSE Sensex closed lower by 27.43 points or 0.03 per cent at 79,897.34. The index climbed 245.32 points to hit a high of 80,170.09 in early trade, but later lost momentum due to selling in index heavyweights. The NSE Nifty edged down 8.50 points or 0.03 per cent to settle at 24,315.95. ​Read more​

The rupee settled 5 paise lower at 83.56 (provisional) against the US dollar on Thursday, weighed down by a weak tone in domestic markets and a recovery in crude oil prices. Forex traders said rupee traded with a slight negative bias on profit-booking in the domestic market, which may result in foreign fund outflows. Read more

Stocks advanced on BSE at 3 pm on July 11, 2024, were 2,166 against 1,711 stocks that declined; 122 stocks remain unchanged. Total stocks traded were 3,999. The number of stocks that recorded a 52-week high was 258, and those that hit a 52-week low was 17. 

In addition, 280 stocks traded in upper circuit, while 265 hit the lower circuit.

Top gainers on the NSE as at 3 pm:

ONGC(1.98%), BPCL (1.85%), Coal India (1.71%), Tata Motors (1.47%), ITC (1.42%)

Top losers:

Tata Consumer Products (-1.39%), Bajaj Finance (-1.37%), Sun Pharma (-1.21%), Divi’s Lab (-1.16%), NTPC (-1.15%)

BSE Sensex fell 10.72 pts or 0.01% to 79,914.05 and NSE Nifty gained 6.50 pts or 0.03% to 24,330.95.

Natural Gas prices have been in a strong downtrend since mid-June this year. The Natural Gas Futures contract traded on the Multi Commodity Exchange (MCX) touched a high of ₹261.20 per mmBtu in June. From the price has tumbled about 25 per cent. The contract is currently trading at ₹194.50 per mmBtu.

BSE Sensex fell 137.98 pts or 0.17% to 79,786.79 and NSE Nifty slipped 29.50 pts or 0.12% to 24,294.95.

2024 Union Budget to Drive Compliance Ease and Digital Infrastructure for $10 Trillion GDP Goal. 

The 2024 Union Budget will shape the next 5 years and lay down the groundwork for our $10 trillion GDP goal. Taking things forward from 2023, we can expect ease of compliance to stay on top of the finance minister’s priorities. Emerging areas, including the gig workers and AI will be on the agenda. In her previous budget speech, the Finance Minister alluded to leveraging PAN as a common business identifier and the introduction of Entity DigiLocker, propelling EoDB. I expect to see more announcements about its implementation. These reforms will lay down the plumbing for Digital Public Infrastructure (DPI) for corporates in the long run. We also saw the successful passage of the Jan Vishwas Act through the legislative process last year. This points towards the positive intent of the government to remove the entrenched hostility and deep-rooted criminality within the business regulatory framework. Now, I expect further action at the union and state levels toward decriminalising India’s employer compliance ecosystem. There also needs to be an enhanced focus on renewable energy infrastructure, infrastructure development, and domestic manufacturing. In the first year of its third term, the government has an incredible opportunity to lay the agenda by signaling regulatory reform for economic development and job creation.

Asian stocks rallied to record peaks on Thursday while sterling edged to a four-month high on strong growth figures, as traders counted down to US data that is expected to show inflation easing and pave the way for rate cuts as soon as September.

“The Finance Ministry will be flush with resources, given robust tax collections and a larger-than-expected dividend from the RBI. Our expectations for industry are that more job-creating opportunities will be provided through larger PLI in battery manufacturing, toys and high-end machinery. Sectors like semiconductors, renewable energy, nuclear power and low-cost housing should receive more government support. We believe the past focus on infrastructure will continue with road, rail, port and airport expansions, and expect a specific focus on tourism, travel and hospitality. In defence, more indigenisation is likely with a greater focus on import substitution. At a personal level, we expect an increase in domestic spending power with a higher upper limit on the new tax-regime tax slabs, with no changes to capital gains tax.”

​Indegene​ Ltd has announced collaboration with Microsoft to empower global life sciences companies to scale up the adoption of purpose-built, enterprise-grade generative AI (GenAI) services.

Indegene stock rises 2.47% on the NSE, trading at ₹584.

Bank Nifty index is under pressure. The index has been coming down over the last one week. Indeed, there has been an increased selling pressure since Wednesday. The index is currently trading at 51,915, down 0.53 per cent. The advances/declines ratio is at 11:1. This clearly indicates that the sentiment is highly negative.

Patel Engineering Limited (NSE – PATELENG & BSE – 531120), has successfully achieved substantial completion of its Tunnel T-15 and part Tunnel T – 14 project on July 4, 2024, representing a major milestone in the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project. This accomplishment showcases the company’s engineering expertise and dedication to improving regional connectivity.

Awarded by IRCON International Limited, Patel Engineering Limited along with its joint venture partner was entrusted with constructing Tunnel T-15 and part Tunnel T – 14 which involved building a main tunnel and an escape tunnel, each 14.3 km long, and the foundation and sub-structure for Bridge No. 61 spanning 99 meters with two piers and two abutments on the Katra-Banihal Section of the USBRL Project. The total value of the project was ~ Rs. 2,300 crores.

​Nifty 50​ is trading lower. The index witnessed a sharp fall on Wednesday, and it is continuing to remain under pressure. Nifty is currently trading at 24,264, down 0.25 per cent. The advances/declines ratio is at 32:18. ​This is negative. It indicates that more fall could be on the cards.​

BSE Sensex fell 217.97 pts or 0.27% to 79,706.80 and NSE Nifty slipped 64.30 pts or 0.26% to 24,260.15.

BSE Sensex gained 93.09 pts or 0.12% to 80,017.86 and NSE Nifty rose 23.20 pts or 0.1% to 24,347.65. 

CDSL dividend on 16th July

CDSL Bonus 1:1 before 1st September 2024

· We see FY25 fiscal deficit target retained at budgeted 5.1% of GDP on July 23rd. High chance of eventual overachievement

· Expect higher than budgeted non tax revenues to provide for tax cuts, higher subsidies, more financial assistance to states

· See downside risk to full year borrowing program. Higher green bond issuance expected

Piramal Capital & Housing Finance Ltd (herein referred to as Piramal Finance), a leading diversified financial services company and wholly owned subsidiary of Piramal Enterprises Limited (PEL), has signed its maiden USD syndicated Social Loan of $100 million, under the ECB guidelines of the RBI. The proceeds will be dedicated to funding and supporting impactful social projects, driving meaningful change in communities. The loan has a maturity of three years and is benchmarked to a three-month SOFR (secured overnight financing rate). 

Standard Chartered Bank is the Social Loan Coordinator for this transaction and the sole mandated Lead Arranger, Underwriter and Bookrunner.

Rahul Kalantri, VP Commodities, Mehta Equities Ltd:

BULLION

Gold and silver prices were mixed ahead of the U.S. inflation data. In his two-day testimony before the U.S. Senate Committee and the House, the U.S. Fed Chairman indicated that the Federal Reserve will loosen monetary policy once they are confident that inflation is moving towards the target rate of 2.0%. The U.S. economy is aiming for a soft landing, where inflation targets are met without a significant increase in unemployment. Following his comments, the dollar index experienced some profit-taking, which supported gold and silver prices. The market anticipates rate cuts from the U.S. Fed starting in September, and today’s CPI inflation data could provide more clarity on the timing of these cuts. Gold has support at $2355-2340 and resistance at $2389-2405. Silver has support at $30.65-30.48 and resistance at $31.10-31.25. In INR, gold has support at Rs 72,470-72,310, with resistance at Rs 72,920-73,190. Silver has support at Rs 92,440-91,880 and resistance at Rs 93,540-93,920.

CRUDE OIL

Crude oil prices exhibited significant volatility, rebounding from their lows after three consecutive days of decline. The recovery in crude oil prices was driven by a decrease in U.S. oil stocks, improved demand prospects, and hopes for rate cuts. According to the U.S. Energy Information Administration (EIA), crude oil inventories in the U.S. decreased by 3.4 million barrels, compared to the expected decline of 1.3 million barrels. The OPEC+ group reaffirmed its global oil demand forecast for the second half of 2024 and 2025, anticipating a surge in demand due to increased air travel and a recovery in global economic growth. Additionally, crude oil prices found support amid hopes for rate cuts following softer-than-expected comments from the U.S. Federal Reserve Chairman during his two-day testimony. We expect crude oil prices to remain volatile in today’s session. Crude oil has support at $81.30-$80.90 and resistance at $82.55-$83.10. In INR, crude oil has support at ₹6,810-₹6,735 and resistance at ₹6,940-₹7,020.

Bank of India doled out a dividend of Rs. 935.44 crore for the financial year 2023-24 to the Government of India.

Bank of India had declared dividend of Rs.2.80 per equity share (28%) for the financial year 2023-24.

For the full year 2023-24, Bank of India’s net profit jumped by 57%, which went up from Rs. 4,023 crores in FY23 to Rs. 6,318 crores for FY24.

Top gainers on the NSE at 9.38 am:

Tata Motors (1.41%), HCL Tech (1.30%), BPCL (1.25%), Coal India (1.21%), TCS (1.21%)

Top losers:

Sun Pharma (-0.98%), Power Grid (-0.94%), Nestle India (-0.92%), HDFC Bank (-0.79%), Tata Consumer Products (-0.76%)

Zydus Life: CMP INR1180

* The drugmaker and its subsidiaries received final approval from the USFDA to market Sacubitril and Valsartan 

Tablets. This combination drug treats chronic heart failure in adults, reducing the risk of death and 

hospitalization. 

* We expect ZYDUSLIF to generate a 12% CAGR in DF revenue, reaching INR67b over FY24–26, driven by 

expanding portfolio, increasing reach, scaling-up biosimilar and vaccine portfolio, and enhancing the 

productivity of new MRs. 

* We expect the US business to clock a 12% sales CAGR to USD1.3b over FY24-26. 

* The outlook for the company looks promising given niche launches/increased traction in commercialized 

limited competition products, increasing share from chronic therapies in the DF segment, and a gradual 

recovery in demand for consumer healthcare products 

View: Positive

Siemens: CMP INR7847 TP INR8,700, Upside 11% Buy

* Siemens in collaboration with RVNL has secured a substantial contract worth Rs.766 crore from the Bangalore 

Metro Rail Corporation Limited (BMRCL) for the electrification of Bengaluru Metro’s Phase 2 project. 

* SIEM’s 2QFY24 result was ahead of our estimates, aided by a strong margin performance and higher other income leading to a sharp beat on PAT.

* It continues to benefit from a strong demand environment, especially in transmission, data center, EV, railways, semiconductor, electronics and hydrogen.

* We expect a CAGR of 20%/29%/30% in revenue/EBITDA/PAT over FY23-26. 

View: Buy

Larsen & Toubro International FZE, a step-down wholly owned subsidiary of the Company has incorporated a company in Uzbekistan – Larsen & Toubro CIS Foreign Enterprise Limited Liability Company, as a wholly owned subsidiary on July 10, 2024. 

L&T stock trades at ₹3,657.35 on the NSE, up 0.20%.

Recommendations by Aditya Gaggar, Director of Progressive Shares:

Mid and Smallcaps led correction dragged the Index lower to settle trade on 10th July at 24,324. At a record level, the Bearish Engulfing candle on the daily chart indicates a potential reversal of the trend but to confirm a reversal, a convincing move below 24,200 is a must till then uptrend will remain intact. On the other hand, a level of 24,460 will be considered an immediate hurdle. At present, BankNifty is around a make-or-break level point of 52,100. In case of a reversal, it is likely to soar to 52,600; on the other hand, a sustainable move below 52,100 will drag the Index towards 51,900. In yesterday’s trade, buying traction was seen in the Insurance stocks, we believe the momentum will continue going forward as well. We continue to remain bullish on the FMCG and Pharma sectors. Quarterly earnings of Q1FY25 can add to stock-specific volatility in the markets.

Kalpataru Projects International Limited (KPIL) along with its Joint Ventures (JVs) and international subsidiaries have secured new orders/notification of awards of ₹2,995 crore.

Stock rose 2.07% on the NSE, trading at ₹1,373.40.

Silver Up $30.94

Silver prices rose for the third day in a row, as investors waited for U.S. inflation data later in the day to gain more insight into the Federal Reserve’s interest rate path. Fed Governor Lisa Cook remarked that inflation in the United States should continue to fall until the jobless rate rises significantly more. Fed Chair Jerome Powell stated that the US central bank will make interest rate decisions “when and as” they are required. He informed House members that “more good data” would strengthen the case for a rate cut. According to CME Group’s FedWatch tool, traders are currently pricing in a 46% chance that the Fed will drop rates by two notches by the conclusion of the December meeting, and a 73% chance that the first cut will occur in September.

Key economic data slated for release includes German Final CPI m/m from Euro Zone and Core CPI m/m, CPI m/m, CPI y/y, Unemployment Claims from US Zone.

Gold up at $2377

Gold gained near $2,375 for the third straight session, as investors awaited US CPI data due later today to gauge the Federal Reserve’s timing and extent of interest rate reduction. The annual CPI inflation rate is forecast to fall from 3.3% to 3.1% in June, while the core CPI is expected to continue at 3.4%. Meanwhile, Fed Chair Powell emphasises that the Fed will cut interest rates based on preparedness, following his emphasis last Tuesday on the need for further evidence to increase confidence in the inflation forecast. Currently, markets are pricing in a 73% chance of the Fed cutting interest rates in September, with another cut projected in December. According to the World Gold Council, global gold ETFs received inflows for the second consecutive month in June, driven by gains in Europe- and Asia-listed funds.

Key economic data slated for release includes German Final CPI m/m from Euro Zone and Core CPI m/m, CPI m/m, CPI y/y, Unemployment Claims from US Zone.

Zydus Life: Company receives final approval from USFDA for sacubitril and valsartan tablets. US sales of Approx 5.5B.

Oriental Rail: Company secured orders worth 193.4m rupees from rail coach factory 

Sula Vineyards: Company Q1 net revenue up 9.7% (YoY), company will begin bottling at unit in Maharashtra.

Satin Credicare: Company gets €15 million debt funding from Austria’s OeEB 

Ahasolar Technologies: Company gets work order for electric vehicles charging infrastructure, company gets work order worth 4.5m rupees

MOS Utility: Company unit MOS Logconnect Pvt ltd, partners with India post to revolutionize postal services nationwide. 

GE Power: Company to sell its hydro business undertaking to GE Power Electronics. 

KCP Sugar: Net Profit at Rs 54.1 cr vs Rs. 30.6 cr, Revenue at Rs 88.6 cr vs Rs 95.8 cr (YoY) 

IRB Infrastructure: Company’s gross toll collection at Rs 517 crore in June, up 35% year-on-year 

Yes Bank: Moody’s affirms Bank’s Ba3 ratings, changes outlook to positive from stable. 

Oriana Power: Company gets new order worth Rs 155 crore for 40 MWp solar plant in Rajasthan

Bajaj Healthcare: Company approves raising up to Rs 137 crore via preferential issue of shares.

Shalby: Company gets Mumbai Charity Commissioner’s nod for executing 30-year lease for Asha Parekh Hospital in SantaCruz, Mumbai. 

Zee Media: Company appoints Karan Abhishek Singh as CEO of the company w.e.f. July 10, 2024

Yes Bank: Bank’s $5 billion stake draws interest from Middle East and Japan buyers.

Glenmark Pharma: Company to sell 7.84% Glenmark Life stake via OFS.

Bartronics India: Kinex India to sell 4.43% stake in company via OFS. 

SBI: Bank raised rs. 10,000 crores at a coupon rate of 7.36% through its sixth infrastructure bond issuance. 

IRCTC: DMRC, and CRIS collaborate to promote the ‘One India – One Ticket’ initiative, enhancing the travel experience for Main Line Railway and Metro passengers in the Delhi NCR area 

JTL Industries: Net Profit at Rs 30.7 cr vs Rs. 25.4 cr (YoY), Revenue at Rs 515 cr vs Rs 500 cr (YoY)

Asian Paints: Company confirms price hike across portfolio by 1%, to be effective July 22.

Dhruv Consultancy: company wins order worth 5.7cr rupees.

Tata Elxsi: Net Profit at Rs 184 cr vs Rs. 189 cr (YoY), Revenue at Rs 926 cr vs Rs 850 cr (YoY). 

Rallis India: Company files writ petition in Bombay HC against tax demand worth Rs 408 crore by IncomeTax department. 

L&T: Company’s step-down wholly-owned subsidiary incorporates arm L&T CIS in Uzbekistan.

Power Grid: Company to increase current borrowing limit from to Rs 15,000 crore in FY25. 

Kesoram Industries: Net loss at Rs 62 cr vs loss of Rs. 32.4 cr (YoY), Revenue at Rs 879 cr vs Rs 999 cr (YoY).

Macquarie Downgrade GAIL, PLNG and MAHGL to U/P (from N) and upgrade Indian Oil to Neutral (from U/P) and HPCL to O/P (from N).

Nomura Upgrade Ambuja to Buy (from Reduce) on strong capacity expansion and raise our target multiple to 19x (from 14x) ; raise TP to INR780 (from INR500)

Securities in Ban For Trade Date 11-JUL-2024:

1. ABFRL

2. BALRAMCHIN

3. BANDHANBNK

4. CHAMBLFERT

5. GNFC

6. IEX

7. INDIACEM

8. INDUSTOWER

9. PEL

10. RBLBANK

10-July: Prov Cash: Rs crs

FII’s: +584 (17464 - 16880)

DII’s: +1082 (15152 - 14070)

FIIs YTD cumulative Flows as on today (INR Cr.): + 16,022.14 (Primary + Secondary)

Todays’ Cash Vol: INR 1591Bn vs INR 1456Bn on previous trading day (+10%)

Large Blocks Trades in the Market today:

26.71mn Rail Vikas Nigam (1575 cr), 3.73mn Mankind Pharma (778 cr), 61.13mn IRB Infrastructure Developers (415 cr), 1.64mn Infosys (273 cr), 14.73mn FSN E-Commerce Ventures (257 cr), 618k Tata Consultancy Services (242 cr), 3.86mn REC (236 cr), 1.21mn HDFC Bank (198 cr), 9.65mn Indian Railway Finance Corp Lt (195 cr), 681k Mahindra & Mahindra (188 cr), 14.04mn HFCL (176 cr), 4.03mn Poonawalla Fincorp (165 cr), 2.34mn Ambuja Cements (156 cr), 1.21mn Tata Motors (124 cr), 497k BSE (116 cr), 1.16mn Max Healthcare Institute (108 cr), 534k Macrotech Developers (84 cr), 210k Multi Commodity Exchange of In (80 cr), 501k Torrent Power (77 cr)

52 Weeks High/Low Prices Prices Hit Today for NSE 500

# High Price

ARBP \u00091344.20

BHE \u0009340.5

BRIT \u00095800.00

DABUR \u0009637.25

DBCL \u0009389.00

DRRD \u00096604.45

GEPIL \u0009620

GNP \u00091385.00

GRASIM \u00092812.25

GRV \u0009177.00

HMN \u0009806.05

HSCH \u0009443.15

ICICIBC \u00091252.75

ICICIGI \u00091884.9

IGL \u0009540.45

IPRU \u0009673.70

LPC \u00091837

MGFL \u0009216

MRKS \u0009196.30

MSIL \u000913300.00

OAXE \u0009143.45

PCJL \u000967.90

PFIZ \u00095050.00

POWF \u0009567.65

RECL \u0009637.2

SHOP \u0009920.00

SOIL \u000912666

SUNTV \u0009807.85

TIINDIA \u00094681.7

WLCO \u0009661.8

# Low Price

JPA \u00097.34

Kesoram Industries Ltd. | CMP Rs. 211 | M Cap Rs. 6548 Cr | 52 W H/L 218/62

(Nirmal Bang Retail Research)

Result declining

Revenue from Operations came at Rs. 878.9 Cr (-18.1% QoQ, -12% YoY) vs QoQ Rs. 1073.6 Cr, YoY Rs. 998.9 Cr

EBIDTA came at Rs. 70.2 Cr (-8% QoQ, -32.8% YoY) vs QoQ Rs. 76.3 Cr, YoY Rs. 104.6 Cr

EBITDA Margin came at 8% vs QoQ 7.1%, YoY 10.5%

Adj. PAT came at Rs. -62 Cr vs QoQ Rs. -194.8 Cr, YoY Rs. -32.4 Cr

Quarter EPS is Rs. -2

Stock is trading at EV/EBITDA of 27.2x TTM EBITDA

Tata Elxsi Ltd. | CMP Rs. 7119 | M Cap Rs. 44335 Cr | 52 W H/L 9200/6407

(Nirmal Bang Retail Research)

CC Revenue growth Came at 2.4% VS QoQ -0.60% YoY 1.20%

Result inline with Expectation

Revenue from Operations came at Rs. 926.5 Cr (2.3% QoQ, 9% YoY) vs expectation of Rs. 926.9 Cr, QoQ Rs. 905.9 Cr, YoY Rs. 850.3 Cr

EBIDTA came at Rs. 252.3 Cr (-3.4% QoQ, 0.3% YoY) vs expectation of Rs. 262.6 Cr, QoQ Rs. 261.3 Cr, YoY Rs. 251.5 Cr

EBITDA Margin came at 27.2% vs expectation of 28.3%, QoQ 28.8%, YoY 29.6%

Adj. PAT came at Rs. 184.1 Cr vs expectation of Rs. 199.6 Cr, QoQ Rs. 196.9 Cr, YoY Rs. 188.9 Cr

Quarter EPS is Rs. 29.6

Stock is trading at P/E of 51x FY25E EPS

Jefferies on RIL

Buy, TP Rs 3580

Jio’s public listing looks possible in CY2025

Jio could list at $112bn val, 7-15% upside to RIL

Inst investors prefer a spin off to avoid holdco discount

IPO route — Better control but holdco disc.; needs large Retail mobilization

Nomura on Ambuja Cements

Upgrade to Buy, TP Raised to Rs 780

Another round of inorganic expansion possible

Lower heat consumption & higher share of green power to result in cost savings

JPM on Tata Elxsi

UW, TP Rs 5800

1Q in-line on rev & beat on adj margins led by delayed wage hikes

CC QQ growth of 2.4% driven by bounce back in Transportation, while Media & Comm continued to remain soft & Healthcare declined 

Cut earnings by 2-4% over FY25-27E

UBS on Havells

Buy, TP Rs 2040

Announced capacity expansion for cables with an investment outlay of Rs3.8bn

This could generate an incremental topline of Rs15bn

A step in right direction given strong demand tailwinds & addresses concerns on capital allocation

Bernstein on SONA BLW

O-P, TP Rs 780

Sona has been increasing its gearing to EVs, with BEV revenues now at 30% of sales and likely to reach 45% by FY26, as per management

MOSL on Hindalco

Buy, TP Rs 800

Capacity expansion to drive next leg of growth; Novelis to witness further margin gains

For FY25, management expects to incur capex of Rs60b in India for

1)mines expansion

2)alumina refinery

3)FRP-II & smelter expansion

4) aluminum power work

Macquarie on Asian Paints

O-P, TP Rs 3800

Marginal price hike in economy-end effective from July 22

Demand trends saw slight improvement in 1Q 

Initial dealer feedback on Grasim entry has been mixed with most indicating a clearer picture will emerge in a few mths

Bajaj Consumer Care Limited-Buyback Closes Today

Route – Tender

Buyback Price: 290/-

Current Market Price: 274.10/- 

Market Cap: Rs 3,928 crores

Buyback Size: ₹ 166.49 Crs (Representing 19.25 % and 20.00 % of the total paid up equity share capital and free reserves)

Buyback Size: 57,41,000 shares (Representing 4.02 % of O/s. shares)

Retail Quota: 8,61,150 Shares

Entitlement: 

General Category - 6 Equity Share for every 93 Equity Shares held on the Record Date 

Retail Category - 7 Equity Shares for every 93 Equity Shares held on the Record Date

Buyback Record Date: 02 July 2024

Tender Period:

Start Date - 05 July 2024 

Close Date - 11 July 2024 (Today) 

Obligation Date - 16 July 2024 

Settlement Date - 18 July 2024

Stock Split Dates

Ex - Stock Split 12 July 2024 (Tomorrow)

Last day trade for before split Today

Vantage Knowledge Academy Ltd

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

Previous day Closing Price – Rs. 473.7

Wpil Ltd.

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

Previous day Closing Price – Rs. 4804.85

Bonus Issue Dates

Ex Bonus 12 July 2024 (Tomorrow)

Last date Trade for Before Bonus Today

Alphalogic Techsys Ltd

Bonus issue 14:48

Previous day Closing Price – Rs. 348.4

Filtra Consultants And Engineers Ltd

Bonus issue 1:3

Previous day Closing Price – Rs. 130

Dividend Dates

Ex-Dividend 12 July 2024 (Tomorrow)

Last date for Cum-Dividend Today

20 Microns Ltd.

Dividend Per Share Rs.1.25

Previous day Closing Price – Rs. 220.05

Anant Raj Limited

Dividend Per Share Rs.0.73

Previous day Closing Price – Rs. 504.85

Atul Ltd.

Dividend Per Share Rs.20

Previous day Closing Price – Rs. 6803

Au Small Finance Bank Ltd

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 629.95

Axis Bank Ltd.

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 1292.1

Bimetal Bearings Ltd.

Dividend Per Share Rs.12.5

Previous day Closing Price – Rs. 673.55

Blue Dart Express Ltd.

Dividend Per Share Rs.25

Previous day Closing Price – Rs. 8379

Birlasoft Ltd

Dividend Per Share Rs.4

Previous day Closing Price – Rs. 691.85

D-Link (India) Ltd

Special Dividend Per Share Rs.5

Dividend Per Share Rs.8

Previous day Closing Price – Rs. 636.9

Indus Finance Ltd

Dividend Per Share Rs.0.3

Previous day Closing Price – Rs. 26

Indian Oil Corporation Ltd.

Dividend Per Share Rs.7

Previous day Closing Price – Rs. 171.95

Irm Energy Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 455.85

Jayant Agro-Organics Ltd.

Special Dividend Per Share Rs.2.5

Dividend Per Share Rs.5

Previous day Closing Price – Rs. 326.1

Jubilant Foodworks Ltd

Dividend Per Share Rs.1.2

Previous day Closing Price – Rs. 580.45

Kabra Extrusiontechnik Ltd

Dividend Per Share Rs.3.5

Previous day Closing Price – Rs. 400.05

Kirloskar Pneumatic Co.Ltd.

Dividend Per Share Rs.4

Previous day Closing Price – Rs. 1370.95

Mahindra Lifespace Developers Ltd.

Dividend Per Share Rs.2.65

Previous day Closing Price – Rs. 607

Mahindra Logistics Ltd

Dividend Per Share Rs.2.5

Previous day Closing Price – Rs. 525.85\u0009

\u0009

Neuland Laboratories Ltd.\u0009

Dividend Per Share Rs.14\u0009

Previous day Closing Price – Rs. 7922.2\u0009

\u0009

Nilkamal Ltd.\u0009

Dividend Per Share Rs.20\u0009

Previous day Closing Price – Rs. 1929.15\u0009

\u0009

Onward Technologies Ltd.\u0009

Dividend Per Share Rs.5\u0009

Previous day Closing Price – Rs. 416.75\u0009

\u0009

Petronet Lng Ltd.\u0009

Dividend Per Share Rs.3\u0009

Previous day Closing Price – Rs. 332.5\u0009

\u0009

Polychem Ltd.\u0009

Dividend Per Share Rs.30\u0009

Previous day Closing Price – Rs. 2925\u0009

\u0009

Piramal Pharma Ltd\u0009

Dividend Per Share Rs.0.11\u0009

Previous day Closing Price – Rs. 152.4\u0009

\u0009

Ptl Enterprises Ltd.\u0009

Dividend Per Share Rs.1.75\u0009

Previous day Closing Price – Rs. 46.67\u0009

\u0009

Safari Industries (India) Ltd.\u0009

Dividend Per Share Rs.1.5\u0009

Previous day Closing Price – Rs. 2123.1\u0009

\u0009

Sat Industries Ltd.\u0009

Dividend Per Share Rs.0.15\u0009

Previous day Closing Price – Rs. 89.04\u0009

\u0009

Sun Pharmaceutical Industries Ltd.\u0009

Dividend Per Share Rs.5\u0009

Previous day Closing Price – Rs. 1597.5\u0009

\u0009

Themis Medicare Ltd.\u0009

Dividend Per Share Rs.0.5\u0009

Previous day Closing Price – Rs. 232.4\u0009

\u0009

Transcorp International Ltd.\u0009

Dividend Per Share Rs.0.3\u0009

Previous day Closing Price – Rs. 36.1\u0009

\u0009

Ujjivan Small Finance Bank Ltd\u0009

Dividend Per Share Rs.1.5\u0009

Previous day Closing Price – Rs. 44.94\u0009

\u0009

United Spirits Ltd.\u0009

Dividend Per Share Rs.5\u0009

Previous day Closing Price – Rs. 1281.25\u0009

\u0009

Utkarsh Small Finance Bank Ltd\u0009

Dividend Per Share Rs.0.5\u0009

Previous day Closing Price – Rs. 50.26\u0009

\u0009

Vms Industries Ltd.\u0009

Dividend Per Share Rs.0.5\u0009

Previous day Closing Price – Rs. 40.74\u0009

\u0009

Wendt (India) Ltd.\u0009

Dividend Per Share Rs.20\u0009

Previous day Closing Price – Rs. 16331.95

Record & Ex-date Today, July 11, is the record date of the demerger of the lifestyle business. Raymond to Trade Ex-Raymond Lifestyles.

#Earnings in July 

Q1 Update

Delta Corp: 9th July 

GM Breweries: 9th July 

RSSOFTWARE: 9th July

ANANDRATHI: 11th July

GNA Axle: 11th July

TCS: 11th July

HCL Tech: 12th July 

ANGELONE: 15th July

HDFCAMC: 15th July

HDFCLIFE: 15th July

BAJAJ-AUTO: 16th July

CRISIL: 16th July

ASIANPAINT: 17th July 

Elecon Engg: 17th July 

LTIM:17th July 

CIE:: 18th July

Infosys: 18th July 

Persistent: 18th July 

Polycab: 18th July 

Aether Ind: 19th July 

Atul: 19th July 

Blue Dart: 19th July 

ICICI GI: 19th July 

JSW Steel: 19th July 

Mahindra EPC: 19th July 

NAM India: 19th July 

Ultratech: 19th July 

Wipro: 19th July 

HDFC Bank: 20th July

JK Cement: 20th July 

Poonawalla: 20th July

Coforge: 22nd July

MAHSCOOTER 22nd July

RBL Bank: 22nd July 

BAJFINANCE: 23rd July

ICICI Pru: 23rd July

Zensar: 23rd July 

BAJAJHLDNG: 24th July

BIKAJI: 24th July

KPITTECH:24th July

TRIDENT:24th July

CYIENT:25th July

MPHASIS:25th July

NESTLEIND:25th July

TECHM:25th July

UBL:25th July

UTIAMC:25th July

Dr Reddy: 27th July

ICICI Bank: 27th July

*Researchbytes Analyst App *

https://play.google.com/store/apps/details?id=com.intelegain.rb

Recent Interview...

As of 18:28 PM Wednesday 10 July 2024

Ashiana Housing: Ankur Gupta, Joint Managing Director

Looking To Expand Senior Living, Elite Luxury Homes & Kids Centric Living: Ashiana Housing

https://www.youtube.com/watch?v=qOuvs_WZCFg

BLS International Services : Shikhar Aggarwal, Joint Managing Director

BLS International: Demand Trends, Contract Renewal Plans | Shikhar Aggarwal Explains

https://www.youtube.com/watch?v=vmR3Vy4lXXk

Keystone Realto: Boman Rustom Irani, CMD

Market Demand Continues To Be Strong And The YoY Decline In Volume Is Cyclical: Keystone Realtors

https://www.youtube.com/watch?v=icMflOfZV0s

Lloyds Metals and Energy: Rajesh Gupta, MD

Expect To Have A Steel Capacity Of 4 mt By 2029: Lloyds Metals

https://www.youtube.com/watch?v=CVHs581ecKE

Mahanagar Gas: Ashu Singhal, MD

We Hiked CNG Prices As Indian Gas Allocation Has Come Down Substantially To 68% In Last 1 Year: MGL

https://www.youtube.com/watch?v=213rLghi56Q

Mahanagar Gas: Ashu Singhal, MD

Conversion Of CNG Bikes Into Volumes For CGD Companies Will Take Some Time: MGL

https://www.youtube.com/watch?v=375qkyZc_vo

PG Electroplast: Vikas Gupta, ED MD

PG Electroplast: Eyeing Opportunity With New PLI Scheme, How Will It Aid The Growth Of Biz Ahead?

https://www.youtube.com/watch?v=OKim0KnXVxk

Sayaji Hotels: Raoof Dhanani, Managing Director

Sayaji Hotel: Spiritual Tourism To Boost Growth Path, What’s The Expansion Plan Of Co In FY25?

https://www.youtube.com/watch?v=s-oXT3q-rmY

Shalby : Shanay Shah, President

Expect Sanar Acquisition To Be EPS Accretive Next Year: Shalby

https://www.youtube.com/watch?v=nkAt6VVcvCU

Aurionpro Sol: Ashish Rai, Vice Chairman

Aurionpro News: Tapping The Chances In Data Centers, What’s Company Plan For Expanding Biz Further?

https://www.youtube.com/watch?v=hFqjuduLlzw

Events today…

https://www.researchbytes.com/Default.aspx?cc=event

Results today…

https://www.researchbytes.com/Default.aspx?cc=result

Researchbytes Analyst App 

https://play.google.com/store/apps/details?id=com.intelegain.rb

Conference call Replay available in Various speeds !

Researchbytes Events Update

As of 07:37 AM Thursday 11 July 2024

Can set alert for them at www.researchbytes.com 

4:00 PM JTL Infra

Dial: + 91 22 6280 1123

Weblink: https://tinyurl.com/4h42fyu9

7:00 PM TCS

(Press Release )

Dial: +91 22 6280 1108

Weblink: https://tinyurl.com/bdzzkvdz

Shalby : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304899

Shilpa Antibiotics . : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304797

eMudhra : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304630

Nazara Techno : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304545

Vilas Transcore Limited : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304410

Amara Raja Batt : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304409

Dr Reddys Labs : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304467

Infosys : (replay)

https://www.researchbytes.com/webcast.aspx?WID=

Asian Paints : (replay)

https://www.researchbytes.com/webcast.aspx?WID=

skygold : (replay)

https://www.researchbytes.com/webcast.aspx?WID=304037

Results today …

https://www.researchbytes.com/Default.aspx?cc=result

Recent interviews …

https://www.researchbytes.com/Default.aspx?cc=interview

Replays available at www.researchbytes.com

IRB INFRA; Toll Revenue of IRB Infra & IRB Infrastructure Trust for the month of June 2024 rises 35% Y-o-Y 

Robust Y-o-Y growth of 32% in Toll Revenue of both entities in Q1FY25 

June 2024 toll revenue is Rs. 517 Crs against Rs.383 Crs in June 2023 

Q1FY25 toll revenue is Rs. 1,556 Crs as against Rs.1,183 Crs in Q1FY24

SBI raised Rs. 10,000 crores today at a coupon rate of 7.36% through its sixth infrastructure bond issuance. The issue attracted overwhelming response from investors with bids in excess of Rs. 18,145 crores and was oversubscribed by around 3.6 times against the base issue size of Rs. 5,000 crores. 

The total number of bids received was 120 indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, mutual funds, corporates etc.

The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment.

AHA SOLAR Co. received a Work Order for Electric Vehicles (EVs) Charging Infrastructure Planning and Development of an Online platform for Gujarat Energy Development Agency (GEDA) from Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The whole Consultancy Service is priced at around 45 lacs.

CAMPUS ACTIVEWEAR Q1: DIIs STAKE INCREASED TO 9.45% FROM 7.8 %

FIIs STAKE INCREASED TO 5.94% FROM 5.23%

ULTRATECH CEMENT Q1: FIIs STAKE INCREASED TO 18.65% FROM 18.26%

DIIs STAKE REDUCED TO 13.93% FROM 14.24%

GOVT OF SINGAPORE INCREASED STAKE TO 1.33% FROM 1.17% 

LIC INCREASED STAKE TO 1.62% FROM 1.49%

ENTERTAINMENT NETWORK Q1: DIIs STAKE REDUCED TO 4.06% FROM 4.07%

FIIs STAKE REDUCED TO 5.96% FROM 6.14%

BSE Sensex rose 185.32 pts or 0.23% to 80,110.09 and NSE Nifty gained 47.35 pts or 0.19% to 24,371.80. 

GE Power received Order from Mangalore Refinery and Petrochemicals to Supply of Main Turbine Spares at Mangalore Refinery and Petrochemicals Limited 

Order value of Rs 76.67 M

ALEMBIC PHARMA Q1: DIIs STAKE INCREASED TO 15.47% FROM 15.38 %

FIIs STAKE REDUCED TO 4.32% FROM 4.46%

SAH POLYMERS Q1: FIIs STAKE INCREASED TO 3.63% FROM 3.15 %

MERU INVESTMENT INCREASED STAKE TO 3.63% FROM 3.15%

HEIDELBERG CEMENT Q1: DIIs STAKE REDUCED TO 10.81% FROM 11.04%

FIIs STAKE REDUCED TO 4.42% FROM 4.48%

VARUN BEVERAGES Q1: DIIs STAKE INCREASED TO 4.55% FROM 4.15%

FIIs STAKE REDUCED TO 25.32% FROM 25.78%

GOVT PENSION FUND REDUCED STAKE TO 2.36% FROM 2.5% 

GOVT OF SINGAPORE REDUCED STAKE TO 1.16% FROM 1.26%

Q1FY25 EARNING CALENDAR 11.07.2024

GTPL, NELCO, TCS

TCS

Q1FY25 EARNING CALENDAR 12.07.2024

HCLTECH, IREDA, ORIENTHOT

📌 Market Levels

BSE Sensex: 79924.77 (-426.87)

Nifty 50: 24324.45 (-108.75)

NIFTY MID CAP 100: 56921.15 (-156.40)

NIFTY SMALL CAP 100: 18789.75 (-167.00)

📌 Index PE & PBV

SENSEX PE / PBV : 24.32 / 3.97

NIFTY 50 PE / PBV : 

23.15 / 4.19

NIFTY MIDCAP 100 PE / PBV : 42.62 / 5.11

NIFTY SMALLCAP 100 PE / PBV : 30.03 / 4.48

📌 Inflow/Outflow (Daily/MTD) 

FII / FPI Activity: 583.96 crs / 7834.06 Crs

DII Activity: 1082.40 crs / 4980.36 crs

📌 Volatility Index

India VIX - 14.43

📌 Commodities

Brent Crude: $84.58

Gold USD Oz/10 gm: $2378.71 = INR 72784

Silver: INR 93323

📌 Currency

Rs/$: 83.53

US Dollar Index (DXY) - 105.08

📌 10 Year Yield

7.18% GOI 2033: 7.02% (Old)

7.10% GOI 2034: 6.98% (New)

US 10 Yr Yield - 4.29%

State Bank of India has raised ₹10,000 crore at a coupon rate of 7.36 per cent through its sixth infrastructure bond issuance. The issue attracted an enthusiastic response from investors with bids in excess of ₹18,145 crore and was oversubscribed by around 3.6 times against the base issue size of ₹5,000 crore.

UltraTech Cement on Wednesday announced the acquisition of an additional 25 per cent stake in UAE-based RAKWCT, taking its total holding to 54.39 per cent. Following this, UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT) has “become a subsidiary” of UCMEIL, its step-down firm, according to a regulatory filing from UltraTech Cement. The acquisition was made by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement maker in the UAE.

Zydus Lifesciences has received final approval from the United States Food and Drug Administration (USFDA) to market Sacubitril and Valsartan Tablets, 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg (USRLD: Entresto tablets). Sacubitril and valsartan combination is used to treat chronic heart failure in adults to help reduce the risk of death and hospitalization. The drug will be manufactured at the group’s formulation manufacturing facility in Moraiya, Ahmedabad (India).

The board of Indowind Energy has approved a proposal to raise ₹49 crore through the rights issue. The companyh will issue 2,14,66,956 shares at ₹22.50 a share for ₹49 crore. The record date for the issue July 16 the company said. The entitlement ratio is 1:5.

Sona BLW Precision said that issued corporate guarantee worth $2.8 million in favour of Citibank (China) on behalf of its Chinese Arm Comstar Automotive (Hangzhou). Corporate guarantee issued to secure its proposed working capital and term loan facilities in China.

The board of Glenmark Pharmaceuticals has approved a proposal to offload the remaining 7.84 per cent stake (96.09 lakh shares) in Glenmark Life Sciences via an offer for sale, for about ₹778 crore. The shares will be sold by Glenmark Pharmaceuticals and Chairman and Managing Director Glenn Mario Saldanha at a floor price of ₹810 per share, it added.

IdeaForge Technology has entered into a Share Subscription Agreement and a shareholders’ agreement with GalaxEye Space Solutions Private Limited for acquiring Series A Compulsory Convertible Preference Shares of GalaxEye Space Solutions Private Limited at a total consideration of about ₹8.29 crore. GalaxEye Space is an IIT Madras incubated space tech startup currently based out of Bangalore. The team size is 50+ with background from globally prestigious institutes such as ISRO and IITs along with seasoned industry experts and leaders.

The board of PowerGrid Corporation has approved to borrow funds up to ₹16,000 crore during the financial year 2025-26 through various sources including Domestic Bonds (Secured/unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free under private placement); and enhance the current borrowing limits from existing ₹12,000 crore to ₹15,000 crore during the financial year 2024-25.

Oriana Power has announced the receipt of a new order for a 40 MWp captive solar power plant located in Rajasthan. The order size is ₹155 crore.

Domestic markets are expected to remain volatile during the election season, said analysts. TCS will be the first major company to unveil quarterly results on Thursday. Gift Nifty at 24,400 signals a marginal gain for Nifty futures at open. On Wednesday, Nifty futures closed at 24,355. Besides, the focus has now shifted to the upcoming Budget, scheduled on July 23.