Share Market Highlights 14th July 2023: Nifty50 closes at 19,413.75

Bandhan Bank Q1 FY24 PAT at ₹721 crore; deposits grew 16.6% Y-o-Y at ₹ 1.08 lakh crore.

The Sensex closes at 65,558.89 with a gain of 164.99 points, while the Nifty rises 29.45 points to reach 19,413.75.

The stock of Zee Entertainment Enterprises Ltd rises by 9.10% on NSE, trading at ₹217.

• Rev dropped YoY but improved substantially QoQ
• Standalone Gross Margins at 12.5% vs Negative Margins
• Operational EBITDA achieved break-even in standalone segment

Hindustan Zinc Ltd, a Vedanta Group company, will announce its results for the first quarter ended June 30, 2023, on Friday, July 21, 2023. The company’s stock is up by 1.47%, trading at ₹328.45 on the NSE.

The Utkarsh Small Finance Bank IPO has been subscribed 82.68 times as of 3 pm on July 14. The QIBs has been subscribed 98.64 times, NIIS 78.07 times, retail 67.39 times, and employee reserved 14.69 times. The issue closes today.

Top gainers

• TCS (+5.01%)
• Infosys (+4.29%)
• Tech Mahindra (+4.21%)
• LTIMindtree (+3.89%)
• HCL Tech (+3.65%)

Top losers

• HDFC Life Insurance (-1.51%)
• Power Grid (-1.38%)
• Titan (-1.01)
• Dr Reddy Laboratories (-0.86%)

Stocks advanced on BSE at 3 pm on were 2,114 against 1,291 stocks that declined. Total stocks traded were 3,548. The number of stocks that recorded a 52-week high was 170, and those that hit a 52-week low was 36.

• Net Loss 0.7 cr vs Loss 2.33 cr (YoY)
• EBITDA 2.80 cr vs Loss 0.097 cr (YoY)
• EBITDA Margin 6.62%

The stock of Cyient DLM Ltd declines by 1.95%, trading at ₹504 on the NSE.

Moschip shares are up by 15.17% to trade at ₹107.55. Shares have touched the 52-week high of ₹109.70.

Bandhan Bank has approved the allotment of 3,152 fully paid-up equity shares of face value ₹10 each to eligible employees upon exercise of the options vested with them under the ESOP Series 1.

Post allotment, the issued and paid-up equity share capital of the bank stands increased comprising 1,61,08,59,551 equity shares of ₹10 each fully paid-up. Shares of Bandhan Bank rise by 2.13% on NSE, trading at ₹220.40.

The stock of ideaForge Technology declines by 2.01% on NSE, trading at ₹1,205.10.

The stock of RBL Bank surges 6.97% on NSE, trading at ₹211.65.

The stock of PVR Inox trades at ₹1425.85, up by 1.63%.

After hitting the 52-week high of ₹750, CCL Products shares slid by 1.31% to trade at ₹728.68.

Senco Gold opened at ₹430 on NSE and ₹431 on BSE, at a premium of nearly 36 per cent compared to the issue price of ₹317. At ₹430, the PE will be ₹21. The PEs of Senco Gold’s listed peers Titan Company, Kalyan Jewellers and Thanga Mayil Jewellery are at 84, 35 and 26, respectively. Read our complete review here.

Ritco Logistics Ltd rises by 20% on NSE, trading at ₹268.25.

Modison Ltd has announced the incorporation of its wholly-owned subsidiary company, Modison Hitech Pvt Ltd. The stock of Modison Ltd rises by 4.69% on NSE, trading at ₹76.95.

SBI Capital Market expects the economic growth to be on a solid footing with high frequency indicators such as GST collections, Fastag collections, highway construction, credit growth, and UPI payments showing strength.

Downward risks primarily originate from global sources, and early signs can be seen in milder export growth in recent months.

It expects real GDP growth for this fiscal is expected to be at 6 per cent, it said in the Eco Capsule report.

Subex Ltd has announced the availability of its solution ‘HyperSense Fraud Management’ on Google Cloud.

Top gainers on the BSE at 2:05 pm on July 14 are:

Subex (17.11%);JBM Auto (12.88%); Sonata Software (8.09%); Mastek (8.04%); Saregama Ltd (8.07%)

Major losers

RattanIndia Power (-6.33%); Mazagon Dock Shipbuilders (-3.77%); Data Patterns (India) (-3.15%); Max Healthcare Institute (-2.89%); PTC Industries (-2.87%)

Orient Electric Ltd has announced the resignation of Rajan Gupta from the position of Managing Director & Chief Executive Officer of the company, to be effective from the close of business hours on July 14.

Desh Deepak Khetrapal will take charge as the MD for a period of one year effective from July 15. The company’s stock rises by 1.12%, trading at ₹261 on the NSE.

Dev Information Technology bags MSP India Summit 2023 Award by Accent Infomedia Pvt. Ltd. under the IT category. The company’s stock trades at ₹130.70, up by 0.31% on NSE.

Chemplast Sanmar’s Custom Manufactured Chemicals Division has recently been selected by a global agrochemical innovator to manufacture a new pipeline - Active Ingredient. The company’s stock trades at ₹442.90, up by 1.80%.

Shares of Sundaram Finance trade at ₹2,580 per share, up by 0.57%.

The stock of Senco Gold Ltd is trading at ₹414.40 (from the IPO price of ₹317), at 15.60% premium on the NSE.

​Cholamandalam Investment and Finance Company​ has approved the allotment of 84,391 equity shares at ₹2 each to the employees who have exercised their options under ESOP. The company’s stock trades at ₹1,159.75, up by 0.78% on the NSE.

The stock of Megasoft trades at ₹31.95, up by 10.36% on NSE.

The stock of ​Precision Camshafts​ jumps 20%, trading at ₹219 on the NSE.

The stock of Indian Oil Corporation trades at ₹96.80, up by 0.62% on NSE.

According to Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, CPI inflation spiking to 4.81 % in June from 4.31% in May didn’t come as a surprise since the spurt in vegetable prices was known and the market expected a CPI inflation print above 4.7%.

CPI inflation is likely to further move up to around 5.3% in July. This also is known to the market and, therefore, is unlikely to impact the market. Since the CPI inflation is driven by food and vegetable prices, the MPC is unlikely to alter the rates in the coming policy meeting; but will sound more hawkish.

Kaynes Technology India Ltd has announced the resignation of Ramachandran Kunnath from the position of Company Secretary, Compliance Officer, and Chief Strategy Officer, with effect from July 15, 2023. The company’s stock surges by 3.57% on NSE, trading at ₹1,750.

Europe markets open flat with key indices across Germany, UK, France and Italy trading in the range of -10 to 10 bps. Major Asian indices too closed flat with both Japan’s Nikkei 225 and China’s SSE Composite not changing much from yesterday’s close.

Indraprastha Gas Ltd has announced incorporation of IGL Genesis Technologies Ltd, a joint venture between IGL and Genesis having equity participation from both partners in the ratio of 51:49, respectively. The stock of Indraprastha Gas Ltd rises by 1.02% on NSE, trading at ₹487.95.

Monte Carlo saw strong demand across segments in revenue. It has recorded strong Q1 sales with revenue growth of 20% approx.

Top gainers

• JBM Auto (+11.3%)
• MapMyIndia (+8.3%)
• Mastek (+7.5%)
• Welspun India (+6.7%)
• Sunteck (+5.3%)

Top losers

• Mazagon Dock (-3.9%)
• Bharat Dynamics (-2.8%)
• Century Ply (-2.5%)
• CSB Bank (-1.7%)
• AngelOne (-1.7%)

During the three months through September, Government Security (G-Sec) yields are likely to be impacted by crude price movements, inflation print, fiscal numbers, rate decisions by the Federal Open Market Committee and RBI MPC, India’s GDP growth trend, and FPI flows, according to CRISIL Market Intelligence & Analytics.

WPI inflation eases to (-) 4.12 pc in June against (-) 3.48 pc in May, say the data released by the government on Friday.

The stock of Satin Creditcare Network rises by 11.29%, trading at ₹190.70 on the NSE.

The stock of the Bank of Maharashtra is up by 1.58% on BSE, trading at ₹30.93.

Major gainers on the NSE at 12 noon are:

• Tech Mahindra (3.56%)
• HCL Tech (2.66%)
• LTIMindree (2.53%)
• Infosys (2.50%)
• TCS (2.22%)

Major losers:

• HDFC Life Insurance (-2.06%)
• NTPC (-1.12%)
• JSW Steel (-1.10%)
• Power Grid (-1.09%)
• Titan (-0.97%)

Stocks advanced on BSE at 12 noon on July 14 were 2,051 against 1,214 stocks that declined. Total stocks traded were 3,420. The number of stocks that recorded a 52-week high was 129, and those that hit a 52-week low was 32.

Gland Pharma has announced that the USFDA conduted a good manufacturing practice (GMP) inspection at its Dundigal facility near Hyderabad.

PG Electroplast has approved the formation of a joint venture with Jaina Group for manufacturing LED televisions.

Demat account additions exhibited a robust growth of about 12 per cent month-on-month, reaching 2.4 million new additions in June 2023, according to Motilal Oswal Financial Services Ltd. This growth aligns with the average number of new account additions witnessed in FY23 (average of 2.1 million).

Netweb Technologies sets IPO price band at Rs 475-500 a piece. The issue will be open for public subscription during July 17-19.

Issue opens for anchor investors today.

Shares of Kansai Nerolac Paints rise by 1.31% on NSE, trading at ₹309.

The stock of Rail Vikas Nigam Ltd rises by 1.05% on NSE, trading at ₹119.90. The company had received LOA for rehabilitation and upgradation of Chandikhole-Paradip Section in Odisha on HAM mode, project worth ₹808.48 crore.

The initial public offering (IPO) Asarfi Hospital is scheduled to open on July 17. The public issue will remain open till July 19 for bidding. The shares of the company will be listed on BSE SME, a platform for small and medium enterprises, the company said in a statement.

The initial share sale comprises entirely a fresh issue of 51.80 lakh equity shares, aggregating up to Rs 26.94 crore. The Company is offering its equity shares at a price band of Rs 51-52. Investors can bid for 2,000 shares in one lot.

Hem Securities Limited is the Book Running Lead Manager to the public issue while Cameo Corporate Services is the Registrar.

Major gainers on the BSE at 11:30 am on July 14: Subex (11.84%);JBM Auto (11.56%); C E Info Systems (9.16%; Coffee Day Enterprises (7.56%)

Major losers: RattanIndia Power (-5.49%); PTC Industries (-5%); Mazagon Dock Shipbuilders (-3.68%); Data Patterns (India) (-3.38%)

The stock of Nakoda Group of Industries Ltd falls by 2.21% on NSE, trading at ₹55.20. The company’s board had approved a fund raising of ₹49 crore by way of a rights issue.

One97 Communications Ltd, the owner of Paytm, had announced the signing of an MoU with the Government of Goa to facilitate digital payments. The company’s stock trades at ₹845.05 on NSE, up by 0.97%.

The July expiry futures of Bank Nifty opened the day higher at 44,882 versus yesterday’s close of 44,776. It is now trading at around 44,800.

Go short if the contract falls below the support at 44,750. Place stop-loss at 45,000. When the contract falls below 44,600, modify the stop-loss to 44,750. Book profits at 44,400.

The stock of Premier Explosives Ltd rises by 4.89% on NSE, trading at ₹759.95. The company recently bagged two orders from the Ministry of Defence and the Indian Air Force.

• Current Market Price: Rs 1315.55
• Floor Price Rs: 1201.30
• Market Cap: Rs 1858.92 crore
• Promoter holding: 1.05 cr (74.56%)
• Non Promoter Holding: 0.35 Crs (25.44%)
• Offer size at floor: up to Rs 431.81 crore
• Bidding period: 20-July-23 to 26-July-23
• Last Date for revision (upward) or withdrawal of bids: 25-July-23
• Last date for announcement of the discovered price: 28-July-23
• Last date for announcement for counter offer: 28-July-23
• Obligation download : 02-Aug-23
• Settlement date : 03-Aug-23
• Acquirer: Promoter - Raghu Nandan Mody, Shashi Mody, Sayantan Bandyopadhyay, Naresh Patangi

Gold October futures on MCX are up at ₹59,726 per 10 gm. Silver September futures have increased to ₹75,548 a kg.

Dilip Buildcon Ltd has announced the completion of the construction of Access Controlled Nagpur-Mumbai Super Communication Expressway (Maharashtra Samruddhi Mahamarg) in Maharashtra on EPC mode for Package-12, from 532.094 km to 577.739 km in section-Village Pathare Kh. to Village Sonari in district Nashik, at the cost of ₹1,698 crore.

The company’s stock declined by 0.35% on NSE, trading at ₹243.80.

Shares of Brightcom Group jumps by 5% on NSE, trading at ₹26.25.

The Nifty 50 July futures opened today’s session higher at 19,522 versus yesterday’s close of 19,475. It is currently hovering around 19,500.

The nearest resistance can be spotted at 19,550. A rally past this level can take the contract to 19,680 today.

Although the contract traded above 19,550 yesterday, it could not sustain above that level. If it manages to surpass this level again, it can lead to a sustainable rally.

Gold prices near a one-month high of $1,960.40 an ounce. The yellow metal is up despite selling in gold futures as the US dollar futures are down at 99.382.

Brent crude has gained further to $81.37 a barrel. WTI crude is up at $76.42. On MCX, crude August futures are up ₹71 to ₹6,328 a barrel.

Godrej Properties shares continue to gain on winning bids for two properties for ₹900 crore yesterday. Shares trade at ₹1,660, up by 2.38%. Have touched the 52-week high of ₹1,666.95 in early trade.

The stock of JBM Auto jumps by 13.69% on NSE, trading at ₹1,496.10. The company and its subsidiaries had bagged orders for about 5,000 electric buses for supplying to various STUs in Gujarat, Haryana, Delhi, Telangana, and Odisha, among others, and multiple Fortune 500 companies coupled with leading corporates of the country.

Construction company NCC Ltd shares gain 3.88% to trade at ₹136.40. Shares have touched the 52-week high of ₹138.95 in early trade.

Coffee producer CCL Products shares have touched the 52-week high of ₹750 in early trade. Shares trading at ₹747, gaining 1.16% over previous close.

Natco Pharma’s scrip gained 3.28% in early trade on Friday on the BSE and is trading at ₹704.50.

The stock of Aster DM Healthcare rises by 1.41% on NSE, trading at ₹306.60. The company’s material subsidiary, Aster DM Healthcare FZC, had acquired remaining 20% stake in Premium Healthcare Ltd on July 12.

Wipro

UW, TP Rs 352

Rev growth has decelerated more sharply vs peers, creating a growth gap

Weak outlook on discretionary spending & consulting biz is keeping 2Q growth outlook soft

Until growth gap narrows, expect P/E disc to remain high

Nomura

Neutral, TP Rs 375

Growth continues to be affected by low discretionary spends

Discretionary demand remains weak, affecting consulting portfolio

2QFY24F guidance shows weakness to persist

Margin improvement unlikely in FY24F

Bernstein

U-P, TP Rs 321

Q1FY24: Revenue & Earnings miss. Soft guide

Large deal TCV was at $1.2 Bn (up 9% YoY CC).

Rev weakness across US & Europe geos with decline across BFSI. Energy & Consumer

Co has committed to investing $1 billion in improving AI capabilities

Buy, TP Raised to Rs 1350

See more upside as it transforms from primarily an auto NBFC to a more diversified NBFC with multiple growth drivers that should drive stronger & less cyclical growth vs. past.

NIMs are likely bottoming out

Mix shift could lift NIMs with upside risk from potential rate cuts.

Op. leverage gains as new business scales up can offset higher credit costs in new segments & lift returns.

Here is the post-listing view on Senco Gold IPO from Anubhuti Mishra, Equity Research Analyst at Swastika Investmart Ltd. Senco Gold IPO made a strong debut on the stock exchanges today, listing at ₹430 per share, a premium of 36% over the upper end of the price band of ₹317.

The strong listing was in line with the expectations. Senco Gold is a pan-India jewelry retailer with a strong brand presence. The company has been growing steadily in recent years and is well-positioned to benefit from the growing demand for gold jewelry in India.

We are not recommending any fresh buying at this level. However, existing investors can hold the shares for the long term with a stop loss at ₹387, as the company has good growth prospects.

The stock of Senco Gold Ltd is trading at ₹416.45 (from the IPO price of ₹317), at 13.55% premium on the NSE.

The stock of GMR Power and Urban Infra Ltd (GMRP&UI) rises by 11.91% trading at ₹22.55 on the NSE. GMR Smart Electricity Distribution Private Ltd (GSEDPL), a stepdown subsidiary of GMRP&UI, had received Letter of Intent from Purvanchal Vidyut Vitran Nigam Ltd and Dakshinanchal Vidyut Vitran Nigam Ltd, to implement smart metering project.

GSEDPL will install, integrate and maintain 75.69 lakh smart meters in the given area.

Federal Bank has clarified that reports of Shalini Warrier, Executive Director of the Bank applying for the post of MD & CEO of South Indian Bank are speculative and irresponsible.

Warrier has categorically denied applying for the post or appearing before the Search Committee of South Indian Bank for the position of MD & CEO, it said. Stock is up about 1% at ₹127.85 on the NSE.

Dollar index (99.68) has declined below the psychological 100 mark. Sharp fall in the US Treasury yields after the US inflation data release on Wednesday has dragged the dollar index lower.

The stock of Deep Industries rises by 3.37% on NSE, trading at ₹209.90. The company had entered into joint venture arrangement with Euro Gas Systems S.R.L for supplying Oil Field Equipments to Oil and Gas Industry in India.

The rupee appreciated 12 paise to 81.96 against the US dollar in early trade on Friday, as a strong opening in domestic equity markets and a weaker greenback against major rivals overseas strengthened investor sentiments.

However, strengthening crude prices in international markets capped the gains in the domestic unit, forex traders said.

At the interbank foreign exchange, the domestic unit opened strong at 81.97 against the dollar and then gained further momentum to 81.96, a gain of 12 paise over its previous close.

The board of Kirloskar Industries Ltd has allotted 1,626 equity shares of ₹10 each on the exercise of Equity Settled Stock Appreciation Rights pursuant to ‘Kirloskar Industries Limited – Employees Stock Appreciation Rights Plan 2019.’

Accordingly, the company’s paid-up share capital has increased from 98,85,220 equity shares of ₹10 each aggregating to ₹9,88,52,200 to 98,86,845 equity shares of ₹10 each aggregating to ₹9,88,68,450. The stock of Kirloskar Industries trades at ₹3,360.20 on the NSE, up by 0.96%.

Innovators Facade Systems Limited has received orders for Design, Supply, Fabrication and Installation of Façade Work from Glider Buildcon Realtors Private Limited worth ₹52.05 crore.

ONGC has signed agreement to connect its natural gas fields with North East Gas Grid

Tata Metaliks’ net profit stood at ₹4.6 crore against ₹1.2 crore (YoY), Revenue declined by 2.4 per cent at ₹650.5 crore against ₹666.4 crore (YoY)

The stock of Megasoft Ltd rises by 5.53% on the NSE, trading at ₹30.55. The company’s board had earlier approved the sale/transfer/disposal of company’s share in the property situated at Knowledge Capital, Nanakramguda Village, Serilingampally, Ranga Reddy District, Telangana, subject to the approval of members of the company through Postal Ballot.

Issue Period:- 13-July-23 to 14-July-23

For Non- Retail ( QIB +HNI ) open & close date - 13-July-23

For Retail open & close date – 14 -July-23 (Today)

Floor Price: ₹1,000

Current Market Price: ₹1,166.65

Base Issue size: 2.53 crs shares – 7.00% of O/S Capital

Total Issue Size: 2.53 crs equity shares (₹2534 cr) – 7.00% of O/s Capital

Non-Retail Portion (QIB + HNI) - 90% of Offer Size - Bidding on 13 July, 2023

Total Issue Size: 2.28 crs shares (₹2281 cr)

Non-Retail Clearing Price: ₹1103.80

Retail Portion - 10% of Offer Size - Bidding on 14 July, 2023 (Today)

Total Issue Size: 0.25 crs equity shares (₹253.40 cr)

Note : Based on clearing price discovered for Non retail bids, the minimum price to bid for Retail portion will be ₹1103.80.

Granules India Ltd has announced that the US Food & Drug Administration (US FDA) has approved its Abbreviated New Drug Application (ANDA), filed by Granules Pharmaceuticals, Inc., a wholly-owned foreign subsidiary of the company, for Acetaminophen and Ibuprofen Tablets, 250 mg/125 mg (OTC).

Gainers: Hindalco (2.05%); Infosys (1.55%); HCL Tech (1.25%); Tech Mahindra (1.13%); SBI (0.83%)

Losers: Power Grid (-1.65%); Apollo Hospitals (-1.09%); HDFC Life Insurance (-0.63%); BPCL (-0.53%); Reliance (-0.30%)

JBM Auto shares are up over 14% on the NSE, after it and its subsidiaries won orders to supply 5000 electric buses.

Shares of Senco Gold Ltd will be listed on bourses today. The ₹405-crore IPO witnessed positive response from all categories of investors, resulting in a subscription of 73.35 times.

The company has fixed the share price at ₹317, the upper end of ₹301-317.

The IPO received bids for 69.08 crore shares against the 94.18 lakh shares on offer.

Equity benchmarks BSE Sensex and NSE Nifty gained in early trade on Wednesday. While Sensex gained 0.40% or 263 pts to trade at 65,821 pts, Nifty50 gained 0.30% or 57 pts to 19,471 pts.

Infosys gains 1.71%, while PowerGrid and BPCL lose 1.32% and 0.91% respectively.

July 14, 2023 Today

Derivative Segment

• • Bandhan Bank Ltd.

Cash Segment

• JSW Energy Ltd.
• Just Dial Ltd.
• VST Industries Ltd.
• CCL Products (India) Ltd.

July 15, 2023

Cash Segment

• Avenue Supermarkets Ltd.
• Rallis India Ltd.

July 17, 2023

Derivative Segment

• HDFC Bank Ltd.
• LTIMindtree Ltd.

Cash Segment

• Central Bank of India Ltd.
• TATA ELXSI Ltd.
• CRISIL Ltd.

July 18, 2023

Derivative Segment

• ICICI Lombard Gen. Ins. Co. Ltd.
• ICICI Prudential Life Ins. Co. Ltd.
• • Indusind Bank Ltd.
• L&T Technology Services Ltd.
• • Polycab India Ltd.

Cash Segment

• Heidelberg Cement India Ltd.
• CIE Automotive India Ltd.
• Network 18 Media & Invest Ltd.
• TV18 Broadcast Ltd.

July 19, 2023

Derivative Segment

• Can Fin Homes Ltd.
• L&T Finance Holdings Ltd.
• Tata Communications Ltd.

Cash Segment

• Century Textiles & Industries Ltd.
• Mastek Ltd.
• Bank of Maharashtra Ltd.
• Hatsun Agro Product Ltd.
• Jubilant Pharmova Ltd.
• Tata Coffee Ltd.
• Finolex Industries Ltd.

July 20, 2023

Derivative Segment

• Coforge Ltd.
• Dalmia Bharat Ltd.
• Havells India Ltd.
• Hindustan Unilever Ltd.
• Infosys Ltd.
• Mphasis Ltd.
• Persistent Systems Ltd.
• United Spirits Ltd.

Cash Segment

• CSB Bank Ltd.
• ICICI Securities Ltd.
• Tanla Platforms Ltd.
• Union Bank of India
• Zensar Technologies Ltd.
• 360 One Wam Ltd.

July 21, 2023

Derivative Segment

• Ashok Leyland Ltd.
• Atul Ltd.
• HDFC Life Ins. Co. Ltd.
• JSW Steel Ltd.
• Ultratech Cement Ltd.

Cash Segment

• CreditAccess Grameen Ltd.
• Hindustan Zinc Ltd.
• Tejas Networks Ltd.

July 22, 2023

Derivative Segment

• Au Small Finance Bank Ltd.
• ICICI Bank Ltd.
• Kotak Mahindra Bank Ltd.

Cash Segment

• Yes Bank Ltd.

July 23, 2023

Derivative Segment

• Indraprastha Gas Ltd.

July 24, 2023

Derivative Segment

• HDFC AMC Ltd.
• TVS Motor Co. Ltd.

Cash Segment

• Poonawalla Fincorp Ltd.
• Mahindra Logistics Ltd.
• PNB Housing Finance Ltd.
• Relaxo Footwears Ltd.
• BASF India Ltd.

July 25, 2023

Derivative Segment

• Asian Paints Ltd.
• Bajaj Auto Ltd.
• Jubilant Foodworks Ltd.
• Larsen & Toubro Ltd.
• Sbi Life Ins. Co. Ltd.
• Tata Motors Ltd.

Cash Segment

• Tata Motors Ltd - DVR
• Cyient Ltd.
• MHRIL
• Sundaram-Clayton Ltd.
• UTI AMC Ltd.

July 26, 2023

Derivative Segment

• Axis Bank Ltd.
• Bajaj Finance Ltd.
• Cipla Ltd.
• Dr. Reddy’S Laboratories Ltd.
• Shree Cement Ltd.
• Tata Consumer Products Ltd.
• Tech Mahindra Ltd.
• REC Ltd.
• Schaeffler India Ltd.

Cash Segment

• Glaxosmithkline Pharma Ltd.
• Kajaria Ceramics Ltd.
• Aether Industries Ltd.
• Schaeffler India Ltd.
• Mahindra Lifespace Dev. Ltd.
• TeamLease Services Ltd.

July 27, 2023

Derivative Segment

• Bharat Electronics Ltd.
• Bajaj Finserv Ltd.
• Indus Towers Ltd.
• Nestle India Ltd.

Cash Segment

• Bajaj Holdings & Investment Ltd.
• Blue Dart Express Ltd.
• NAM-INDIA
• Westlife Foodworld Ltd.

July 28, 2023

Derivative Segment

• Exide Industries Ltd.
• M&M Fin. Ser. Ltd.
• Marico Ltd.

Cash Segment

• Star Health & Allied Ins. Co. Ltd.
• Blue Dart Express Ltd.
• NAM-India Ltd.
• Westlife Foodworld Ltd.

July 29, 2023

Derivative Segment

• IDFC First Bank Ltd.

July 31, 2023

Derivative Segment

• Bosch Ltd.
• Maruti Suzuki India Ltd.
• Nocil Ltd.

Cash Segment

• Castrol India Ltd.
• Lakshmi Machine Works Ltd.
• Nocil Ltd.
• Sumitomo Chemical India Ltd.

August 01, 2023

Derivative Segment

• CHOLAFIN

Cash Segment

• Medplus Health Services Ltd.

August 02, 2023

Derivative Segment

• Aditya Birla Capital Ltd.
• Firstsource Solutions Ltd.
• Godrej Properties Ltd.
• Titan Company Ltd.

Cash Segment

• Engineers India Ltd.

August 03, 2023

Derivative Segment

• Dabur India Ltd.
• Sun Pharma Indus Ltd.

Cash Segment

• Kansai Nerolac Paints Ltd.
• Jm Financial Ltd.
• Blue Star Ltd.

August 04, 2023

Derivative Segment

• Rain Industries Ltd.

Cash Segment

• HUDCO Ltd.
• Shipping Corp. Of India Ltd.
• Computer Age Mgmt. Serv. Ltd.
• Rain Industries Ltd.

August 07, 2023

Derivative Segment

• Godrej Consumer Products Ltd.

Cash Segment

• Emami Ltd.
• Medplus Health Ser. Ltd.

August 08, 2023

Derivative Segment

• Hindalco Industries Ltd.

Cash Segment

• GSFC Ltd.
• Medplus Health Ser. Ltd.

August 09, 2023

Derivative Segment

• Max Financial Services Ltd.
• Tata Power Company Ltd.
• Kalyan Jewellers India Ltd.

August 10, 2023

Derivative Segment

• Pidilite Industries Ltd.

Cash Segment

• CHOLAHLDNG Ltd.
• Endurance Technologies Ltd.
• Esab India Ltd.

August 11, 2023

Derivative Segment

• ABB India Ltd.

Cash Segment

• HEG Ltd.

August 12, 2023

Derivative Segment

• Amara Raja Batteries Ltd.

Reflex Industries: Price band revised from 10% To 5%

Zen Technologies: Price band revised from 20% To 10%

The ₹500-crore IPO of Utkarsh Small Finance Bank that witnessed a strong interest from all category investors so far will close for public subscription today. At the end of Thursday, the issue was subscribed 16.20 times.

The SFB has fixed ₹23-25 as the price band. The issue will close on July 14. Minimum bid lot is 600 equity shares.

The IPO received bids for 195.26 crore against 12.05 crore shares on offer, per to NSE data.

Wipro: Q1 FY24

• Revenue: Rs 22,831 crore vs. Rs 23,190 crore (down 1.54%). (Estimate: Rs 22,992 crore)
• Net Profit: Rs 2,870 crore vs. Rs 3,074 crore (down 6.63%) (Estimate: Rs 2,989 crore)
• EBIT: Rs 3,458 crore vs. Rs 3,659 crore (Estimate: Rs 3,612 crore)
• Margin: 15.14% vs. 15.77% (Estimate: 15.7%)

Angel One: Q1 FY24

• Revenue from operations rose 18% to Rs 807.5 million vs. Rs 682 crore. (Bloomberg estimate: Rs 695.7 crore)
• Net profit rose 22% to Rs 220.8 crore vs. Rs 181.5 crore. (Bloomberg estimate: Rs 235.9 crore)
• Ebitda at Rs 320.3 crore vs. Rs 266.4 crore
• Ebitda margin at 39.7% vs. 39.1%

Adani Enterprises: The company fully repaid commercial paper worth Rs 30 crore on the date of maturity, i.e., July 13.

Tata Communications: The company will consider a proposal to issue unsecured, redeemable, and non-convertible debentures on a private placement basis on July 19.

JBM Auto: JBM Auto and its units will supply 5000 electric buses to state transport undertakings in Gujarat, Haryana, Delhi, Telangana, and Orissa, among others. It will also supply multiple Fortune 500 companies.

Aster DM Healthcare: The company’s unit, Aster DM Healthcare FZC, has acquired the remaining 20% stake in Premium Healthcare for Rs 5.18 crore.

Rail Vikas Nigam: Rail Vikas Nigam bagged a letter of award worth Rs 808 crore from the National Highways Authority of India for the rehabilitation and upgradation of some parts of National Highway 53 in Odisha. The project is to be executed in 24 months.

Samvardhana Motherson International: The company has completed the acquisition of a 51% stake in premium car upholstery maker Saddles International Automotive and Aviation Interiors.

Lloyds Metals and Energy: Lloyds Metals and Energy has received listing and trading approval from the NSE for the listing of its 50.48 crore equity shares as of July 17.

Patanjali Foods: The company will not exercise the oversubscription option in the offer for sale of an additional 2% stake. Promoter Patanjali Ayurved had announced a stake sale of 7%, or 2.53 crore shares.

Stove Kraft: Balaji AS has been relieved from the position of Chief Financial Officer with effect from the close of business hours on July 13, 2023.

GMR Power and Urban Infra: GMR Smart Electricity Distribution received an order from Purvanchal Vidyut Vitran Nigam Ltd. and Dakshinanchal Vidyut Vitran Nigam Ltd. to install and maintain 75.69 lakh smart metres in the Purvanchal and Dakshinanchal areas of Uttar Pradesh.

Ahluwalia Contracts (India): The company received a project worth Rs 199.58 crore from Indian Financial Technology and Allied Services for civil structural, facade, and Related External Development Works for the Enterprise Computing and Cybersecurity Training Institute at Bhubaneshwar, Orrisa, to be executed in 20 months.

Polo Queen Industrial and Fintech: The company approved raising up to Rs 2,500 crore for its proposed Agro Processing Project and Data Centre Project at MIDC. It will raise the amount by issuing equity shares or other instruments through one or more preferential issues on a private placement basis, rights issues, QIPs, or a mix of any.

Deep Industries: The company has inked a joint venture arrangement with Euro Gas Systems S.R.L. for supplying oil field equipment to the oil and gas industry. Euro Gas has acquired a 26% stake in Deep Onshore Drilling Services, the JV company, and the balance of 74% is held by Deep Industries.

• DELTACORP
• HINDCOPPER
• IBULHSGFIN
• INDIACEM
• MANAPPURAM
• PNB
• ZEEL

Bandhan Bank, JSW Energy, JustDial, JBM Auto, Patanjali Foods, Deep Industries, GMR Power, Aster DM, Happiest Minds, Indrayani Biotech, CCL Products, Infomedia, Kesoram Industries, Tata Steel Long Products, Unichem Lab, and RVNL are some of the stocks that are likely to be in action today.

Domestic markets are expected to open flat on Friday amid mixed global cues. US stocks closed in the green and most equities across Asia-Pacific region are also up except Japanese markets.

However, GIFT Nifty at 19550 indicates a positive-to-flattish opening for benchmarks, as Nifty futures on the NSE on Thursday closed at 19474.80.

Analysts expect profit taking at higher levels and stock-specific action due to result season. Thanks to uninterrupted buying by foreign portfolio investors, analysts expect market to remain in consolidation phase.

UTI Asset Management Company (UTI AMC) share price has been trading broad range for more than a year now. ₹600 to ₹900 trading range since end-April 2022. Within this range the stock has been moving up since April this year.

The short-term outlook is bullish. UTI AMC share price can rise to ₹900 – the upper end of the range over the next three-four weeks or earlier than that.

Immediate support is at ₹800. Below that ₹785 is the next strong support. Traders can go long now. Accumulate on dips at ₹805 and ₹795. Keep the stop-loss at ₹770.

Here are the key intraday supports and resistances for Nifty Futures, and widely traded stocks such as RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC.