Stock Market Live Updates: Sensex and Nifty start strong; investors eye September auto sales reports

Hydra Trading, a public shareholder of RBL Bank, on Monday sold a 1.24 per cent stake in the private sector lender for over ₹152 crore through an open market transaction.

According to block deal data available on the BSE, Hydra Trading Pvt Ltd offloaded 75.11 lakh shares or 1.24 per cent stake in RBL Bank.

The shares were sold at an average price of ₹203 apiece, taking the deal value to ₹152.49 crore.

JPMorgan says top picks in banks include ICICIBank, SBI, ShriramFin, CIFC Asset Mgmt, LICHsgFin, KotakMahBank, HDFCAMC.

Jefferies says tighter processes by RBI may weigh on growth of gold financiers, but large gold NBFCs like Muthoot should be better placed

Government-owned public financial institution REC Ltd received a huge response to its issuance of zero coupon bonds (ZCBs), with investors placing bids aggregating ₹33,671.32 crore against the notified amount of ₹5,000 crore due to favourable tax treatment of these bonds.

Kalpataru Projects: Company bags orders worth Rs 1,241 crore from Indian and overseas market. 

Blue Dart: Company to implement general price increase w.e.f. January 1, 2025. 

Alphageo India: Company gets contract worth ₹131.63 cr from Oil India, gets contract for 2D seismic data acquisition in Ganga-Punjab basin. 

R Systems: Company launches Chaos Engineering integrated DR Model to enhance business continuity and resilience. 

Jindal Stainless: Company partners with CJ Darcl to manufacture lightweight containers. 

Piramal Pharma: Board approves $80 million expansion plan for Sterile injectables facility in Lexington, Kentucky

Thomas Cook: Company in joint venture with Atirath Technologies to build generative AI solutions for travel domain. 

India Glycol: Company adds further capacity of 100 KLPD to existing grain based distillery at Kashipur, Uttarakhand. 

NTPC: NGEL Signs MoU with Govt of Rajasthan for development of 25 GW of RE Projects. 

NHPC: Company says that the revised scheduled date for commissioning of 300 mw solar PV project in Bikaner, Rajasthan

Tata Power: Company inks MOU with Rajasthan government for an investment plan of Rs 1.2 TRLN in power distribution, transmission, and renewables

Unichem Laboratories: Company approved entering into agreements with Bayshore pharmaceuticals, Purchase of rights, title, interest in product, goodwill associated with 9 Andas of Bayshore USA. 

Ram Ratna Wires: Company executed deed of amendment to alter JV agreement with Epack Durable, amendment to JVA for having equal ownership, rights in JV 

Seamec: Vessel Seamec Ii Developed Technical Snag Resulting In Disruption of Power and Blackout 

Solex Energy: Company got work order worth Rs 519.7 million for 40 MWP solex mono Perc bifacial solar modules

Nortehrn Arc: Revenues at Rs 578 cr vs Rs 401 cr. Profit at Rs 94 cr vs Rs 71 cr YoY 

SpiceJet: Plutus Wealth Management buys 85 lakh shares of SpiceJet at ₹59.95/Sh. 

PCJeweller: Company approves a share split in the ratio of 1:10 to enhance liquidity. 

PB Fintech: Company will invest in an independent health maintenance organisation 

Yatharth Hospitals: Company is planning to scale up it’s bed occupancy network in Greenfield and Brownfield. 

IREDA: Loans sanctioned increased by 303% from last year to ₹17,860 crore vs ₹4,437 crore (YoY).

Adani Power: Company signs business transfer agreement with NMPL to acquire 500 MW ADTPS in Maharashtra.

Bharti Airtel: Company prepays Rs 8,465 crore to clear deferred liabilities for spectrum acquired in 2016 

ICICI Sec: Appeal against ICICI Securities delisting approval mentioned at NCLAT Delhi.

Mankind Pharma: Company’s board approves raising up to Rs 10,000 crore through NCDs and commercial papers. 

Premier Explosives: Srihari Pakalapati resigns from the post of CFO of company 

IRCTC: Ajit Kumar ceases to be Director (Finance) & CFO of the company w.e.f. September 30, 2024.

Finolex Industries: Company approves appointment of Chandan Verma as interim CFO. 

Newgen Software: Company unit got purchase order worth USD 1.5 million 

BLS E-Services: Company expect to complete acquisition of Aadifidelis solutions by Dec 31, 2024.

HMA Agro: Company approved disinvestment of entire shareholding in Indus farmers food Company.

Info Edge: Company Unit to Invest about Rs 42 million In Nexstem India.

Mercury Ev-tech: Company Approved Acquisition Of 70% Stake in Haitek Automotive for Rs 3.5 million.

Piccadily Agro: Company approved raising of funds upto Rs 500m 

Bank of Maharashtra: Bank launches QIP, sets floor price at Rs 60.37/share. 

Andhra Cements: Company files draft letter of offer with SEBI, BSE & NSE for proposed rights issue.

Gas based stocks: Oil Ministry: Caps gas price from difficult fields at $10.16/MMBTU. 

PC Jeweller: Vishan Deo to replace Sanjeev Bhatia as Chief Financial Officer. 

Gold Financing Stocks: RBI finds several irregularities in practice of loans against gold ornaments and jewellery.

* BALRAMPUR 

* BANDHANBANK 

* HINDCOPPER 

* RBLBANK

⁠Avantel

Company has received a Purchase Order worth INR 44.5 Cr from Larsen & Toubro Limited, for Supply of Satcom Systems, needs to be executed by March 2025.

Kaushalya logistics 

Company has signed a LOI with global quick-service restaurant giant McDonald’s to open a restaurant in one of the properties owned by the company. This strategic collaboration marks an important step for company as it continues to diversify its business portfolio, with a growing emphasis to partner with global enterprises. This partnership strengthens its real estate business and diversifies its revenue streams. The entry of McDonald’s, a globally recognized brand, signals the attractiveness of KLL’s commercial real estate offerings and highlights the company’s capability to attract top-tier clients in high-demand locations.

Maxposure: FUND RAISE

BoD has approved the issuance of 14.9L equity shares at INR104/each, aggregating to INR 15.5 Cr, on a Preferential basis to Non-Promoter. Subscribers include Capacious Wealth Management LLP (Mudit), CCV Emerging Opportunities Fund – I, and NAV Capital Emerging Star Fund.

Company has commenced the commercial operations of a new Multi Brand Store under the brand name ‘Bajaj Electronics’ at Narsingi, Ranga Reddy District, Telangana.

BoD meeting is scheduled on 04/10/2024 to consider fund raise.

7.38 Jun 2027 101.7400 6.6638

7.06 Apr 2028 101.2050 6.6699

7.04 Jun 2029 101.4600 6.6679

7.32 Nov 2030 103.1100 6.6899

7.02 Jun 2031 101.7200 6.6951

7.18 Aug 2033 102.7350 6.7632

7.10 Apr 2034 102.4300 6.7495

7.18 July 2037 103.2350 6.7962

7.23 Apr 2039 104.0125 6.7909

7.30 Jun 2053 105.15 6.8850

7.09 Aug 2054 102.3100 6.9052

7.34 Apr 2064 105.4800 6.9258

7.46 Nov 2073 107.57 6.9164

NDS OM : 50295.00 crs

SDL Lvl

10 yr 7.10-7.08

15 yr 7.11-7.108

20 yr 7.11-7.09

Tbill Lvl

091 DTB 6.42-6.40

182 DTB 6.54-6.52

364 DTB 6.55-6.54

OIS

1Y 6.39/6.38

3Y 6.03/6.02

5Y 6.03/6.01

1Year fwds 201.25/202.25

Spot 83.79

US 10Y 3.77

Brent 71.55

Vikram Solar Limited, engaged in the manufacturing of solar photovoltaic (PV) modules and providing comprehensive EPC services, files DRHP with SEBI.

Size:

•Fresh Issue: Up to ₹15000 million of Equity Shares with a face value of ₹10 each.

•Offer for Sale: Up to 17,450,882 Equity Shares with a face value of ₹10 each.

FV: ₹10

Retail Reservation: 35%

FY24

Rev : 2524 Cr

PAT : 80 Cr

Globe Civil Projects Limited, engaged in civil infrastructure projects across India, has submitted its DRHP with SEBI for an upcoming IPO.

Key Highlights: 

- Fresh Equity Issue: Up to 19,000,000 Equity Shares at a face value of ₹10 each, aggregating up to [●] million. 

- Offer for Sale: Not applicable.

Additional Details: 

- Face Value (FV): ₹10 

- Retail Allocation: 35%

Financial Overview (FY24): 

- Revenue: ₹332 crore 

- Profit After Tax (PAT): ₹15 crore

Prostarm Info Systems Limited, engaged in IT and related services across India, has submitted its DRHP with SEBI for an upcoming IPO.

Key Highlights: 

- Fresh Equity Issue: Up to 16,000,000 Equity Shares at a face value of ₹10 each, aggregating up to [●] lakh. 

- Offer for Sale: Not applicable.

Additional Details: 

- Face Value (FV): ₹10 

- Retail Allocation: 35%

Financial Overview (FY24): 

- Revenue: ₹257.87 crore 

- Profit After Tax (PAT): ₹22.83 crore

DevX Accelerator Limited, engaged in business acceleration and innovation services across India, has submitted its DRHP with SEBI for an upcoming IPO.

Key Highlights: 

- Fresh Equity Issue: Up to 24,700,000 Equity Shares at a face value of ₹2 each, aggregating up to [●] million. 

- Offer for Sale: Not applicable.

Additional Details: 

- Face Value (FV): ₹2 

- Retail Allocation: 10%

Financial Overview (FY24): 

- Revenue: 1080.87 million

- Profit After Tax (PAT): 4.37 million

Rahee Infratech Limited, engaged in infrastructure-related services across India, has submitted its DRHP with SEBI for an upcoming IPO.

Key Highlights: 

- Fresh Issue: Up to 4200 million Equity Shares with a face value of ₹2 each, aggregating up to ₹[●] million.

- Offer for Sale: Up to 2,780,857 million Equity Shares with a face value of ₹2 each.

Additional Details: 

- Face Value (FV): ₹2 

- Retail Allocation: 35%

Financial Overview: 

- Revenue : ₹9657.37 million

- Profit After Tax (PAT): ₹ 151.28 million

Midwest Limited files DRHP with SEBI.

Key Highlights: 

- Fresh Issue: Up to ₹2,500 million of Equity Shares with a face value of ₹5 each. 

- Offer for Sale: Up to ₹4,000 million of Equity Shares with a face value of ₹5 each.

Additional Details: 

- Face Value (FV): ₹5 

- Retail Allocation: 35%

Financial Overview: 

- Revenue: ₹5,856.24 million 

- Profit After Tax (PAT): ₹1,003.24 million

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

McCormick & Company (Pre market) (Sector- FMCG)

Acuity Brands, Inc. (Pre market) (Sector- Construction)

Nike, Inc. (Post market) (Sector- Consumer)

Lamb Weston Holdings, Inc. (Post market) (Sector- FMCG)

Major U.S. listed stocks result calendar 02.10.2024 

RPM International Inc. (Pre market) (Sector- Chemical)

ConAgra Brands, Inc. (Pre market) (Sector- FMCG)

Levi Strauss & Co (Post market) (Sector- Textiles)

India, China and Hong Kong @ Market Holiday

TENT OPEC-JMMC Meetings

17.45 U.S. ADP Non-Farm Employment Change (Expected: 124K versus Previous: 99K)

20.30 U.S. FOMC Member Bowman Speaks

China @ Market Holiday

TENT INDIA September Month Auto Sales

10.30 INDIA HSBC Manufacturing PMI (Expected: 57.7 versus Previous: 57.7)

13.30 EURO Final Manufacturing PMI (Expected: 44.8 versus Previous: 44.8)

14.00 U.K. Final Manufacturing PMI (Expected: 51.5 versus Previous: 51.5)

14.30 EURO CPI Estimate y/y (Expected: 1.9% versus Previous: 2.2%)

19.30 U.S. ISM Manufacturing PMI (Expected: 47.6 versus Previous: 47.2)

19.30 U.S. JOLTS Job Openings (Expected: 7.64M versus Previous: 7.67M)

20.30 U.S. FOMC Member Bostic Speaks

Notwithstanding the blood bath on the exchange, three companies made sterling debuts across the main board and SME exchange on Monday.

In all, 12 companies that raised about ₹1,052 crore through IPOs will get listed this week. Of these, three companies — Manba Finance, The Rappid Valves and Wol India 3D — were listed on Monday.

Manba Finance listed with a gain of 25 per cent at ₹150 on BSE against the issue price of ₹120 and gained further strength to close at ₹157 keeping in line with the recent trend of bumper new listings on the exchange.

National Capital Region Transport Corporation (NCRTC) said on Monday that it has signed an agreement with Power Trading Corporation (PTC India) to procure low-cost power, including green energy, through power exchanges for the RRTS corridor.

This collaboration will enable NCRTC to meet part of its power requirement sourcing through power exchanges at its Receiving Substations (RSS) located in Ghaziabad, Modipuram, Shatabdi Nagar, and Muradnagar in Uttar Pradesh, as well as Sarai Kale Khan (SKK) in Delhi, to reduce overall power costs.

Tata Steel is ceasing operations at Blast Furnace 4 along with other associated iron and steelmaking assets at Port Talbot, the UK’s largest steel plant, ending ironmaking at the site.

Adani Energy Solutions Limited (AESL) is operating a mix of regulated and unregulated businesses. It has transitioned from operating regulated transmission assets to becoming a leader in competitively built transmission and from operating regulated distribution assets to emerging as a leader in smart meter assets. It has tapped into unregulated businesses and scaled up emerging new opportunities. 

Earnings growth may be driven by: New transmission opportunities, growth in Mumbai DISCOM, existing smart meter wins and new opportunities. 

We visited Navin Fluorine’s plant based in Dewas, Madhya Pradesh which caters to its CDMO business vertical. The company manufacture pharma intermediates for commercialised (50-60 per cent) and last-stage molecules. 

The management revisited its CDMO guidance of $100 million by FY27 on the back of execution of cGMP-4 phase-1 (dedicated for Fermion) and conviction to start phase-2 expansion in the next 6-12 months, subject to addition of new molecules/clients. The overall tone of new CEO Nitin Kulkarni remains positive with respet to all its business verticals, with focus on adding new customers, product life-cycle management, building R&D capabilities, cost rationalisation and local sourcing, capacity utilisation, and governance. 

The board of Securities and Exchange Board of India (SEBI) on Monday gave its nod to a new asset class and a liberalised framework for passive mutual fund schemes, while deferring changes to F&O norms and putting off the move towards instant settlement indefinitely.

Rights issues will need to be completed in 23 working days from the date of issuer’s board meeting approving the issue, as against present average timelines of 317 days

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Here’s an interesting stock idea: The stock idea that we have for you today is APL Apollo Tubes. The stock has begun the week on a strong note. The 3 per cent rise on Monday has taken the share price well above a key resistance. That leaves the outlook bullish. Check out the latest episode of bl.Today’s Pick to learn more

The outlook for APL Apollo Tubes is bullish. The stock has begun the week on a strong note by rising over 3 per cent. This rise has taken the share price well above ₹1,520 - a key resistance. The region between ₹1,520 and ₹1,500 will now act as a strong support.