Share Market Highlights 30 May 2024: Sensex, Nifty end lower as US treasury yields climb

India’s equity benchmarks BSE Sensex and NSE Nifty ended in red for the fifth day in a row due to weak weak global cues.

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The rupee recovered 9 paise to settle at 83.31 (provisional) against the US dollar on Thursday on the back of softening American currency as well as crude oil prices in the overseas market.

Forex traders said, however, a massive selling in the domestic equity markets, outflow of foreign fund and increased month-end demand of greenback by oil marketing companies weighed on the Indian currency.

At the interbank foreign exchange market, the local unit opened at 83.42 and oscillated between the intra-day high of 83.26 and lowest level of 83.44 during the session. It finally settled at 83.31 (provisional), registering a gain of 9 paise from its previous closing level.

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IFGL Refractories informed that Samit Sengupta hitherto holding the post of Chief Sales Officer will be Chief - Strategic Planning of the Company on and from June 1, 2024.

Premier Explosives’ consolidated net profit for the quarter ended March 2024 at ₹6.78 crore as against ₹2.42 crore in the corresponding quarter last year.

Stock trades lower by 5.79% on the NSE at ₹2,376.95

IOC board has approved investment of $78.31 million in 10C Global Capital Management IFSC Limited (a Wholly Owned Subsidiary of Indian Oil) for acquisition of Preference Shares and Warrants of Sun Mobility Pvt. Ltd. Singapore (SMS).

Indian Oil Corporation stock trades at ₹162.35 on the NSE, lower by 1.64%.

Top gainers:

ICICI Bank (0.93%), Axis Bank (0.42%), SBI (0.18%), HDFC Bank (0.14%)

Top losers:

Tata Steel (-5.88%), Power Grid (-4.01%), Tech Mahindra (-3.47%), Titan (-3.44%), Shriram Finance (-3.31%)

Stocks advanced on BSE at 3 pm on May 30, 2024, were 1,109 against 2,679 stocks that declined; 112 stocks remain unchanged. Total stocks traded were 3,900. The number of stocks that recorded a 52-week high was 120, and those that hit a 52-week low was 53. 

In addition, 218 stocks traded in upper circuit, while 303 hit the lower circuit.

PTC Industries Ltd’s shares were up by 1.91 per cent after the company reported a 59.9 per cent increase in profit for the quarter ended March 31, 2024, at ₹147.2 crore compared to ₹92 crore during the corresponding quarter last year. The company’s revenues were up by 22 per cent to ₹765 crore compared to ₹626 crore last year. Sequentially, the company’s profits were higher by 59 per cent than the previous quarter.

Heritage Foods gain 11.41 p.c. to trade at Rs 413.85 on BSE. Hits a 52-week high of Rs 419.75, reporting a spurt of five times in volumes.

Creamline Dairy, an arm of Godrej Agrovet, enters the premium segment. Launches products in the Hyderabad market. Sources milk from its Nasik farm, which has 1,400 cows. Sells premium milk at Rs 50 for 500 ml. Eyes a national share of 10-15 p.c. in the premium segment in the next 3-5 years.

MNCL Research: RHI Magnesita India Ltd. (RHIM): Not out of the woods yet: Company Update

MCap: Rs137bn; CMP: Rs666; TP: Rs725; Upside: 9%; Rating: Accumulate

~ We lower TP to Rs725 (previously Rs735) and maintain the Accumulate rating for RHI Magnesita India (RHIM). Change in TP is mainly due to reduction in earnings estimates partially offset by valuation rollover. 

~ 4QFY24 was a miss to our estimates due to poor offtake at Dalmia OCL but a clear beat on margins due to benefits of low RM cost and other expenses. 

~ While integration-related issues are largely behind and RHIM will solely focus on ramping up utilisation, especially at Dalmia OCL, and addition of new products, what keeps us cautious is the cut-throat competition impacting RHIM’s market share, weak demand dynamics in both domestic and exports markets and moderation in margins due to pricing pressure.

Detailed Report: https://bit.ly/rhim4qfy24

Disclaimer: https://bit.ly/39derdz

Alembic Pharmaceuticals Ltd’s shares were up 0.92 per cent after the company reported that the US Food & Drug Administration granted final approval for its Abbreviated New Drug Application (ANDA) for Sacubitril and Valsartan tablets in various strengths.

Indoco Remedies has received a show cause notice in Form GST DRC – 01 from the Goods and Service Tax (GST) Authority towards GST liabilities basis the details provided therein for the period from 2019 -2020.

A potential demand of Rs. 29.25 Lakhs has been put forth which is subject to the outcome of the matter.

Indoco Remedies stock trades at ₹309.05 on the NSE, lower by 1.01%.

BSE Sensex fell 624.28 pts or 0.84% to trade at 73,878.62 as of 2.34 pm, 

Nifty 50 dropped by 213.25 pts or 0.94% to trade at 22,491.45.

Paytm stock trades in the upper circuit at ₹377.40, higher by 4.99% on the NSE.

Godfrey Phillips India reported its consolidated net profit for the quarter ended March 2024 at ₹215.12 crore as against ₹147.09 crore in the corresponding quarter last year.

The board has recommended a final dividend of ₹56 per equity share.

Stock trades at ₹3,935 on the NSE, up 1.61%.

PVR Inox has appointed Gaurav Sharma as the Chief Financial Officer with effect from August 1, 2024.

The Indian Hotels Company has received an order passed by the Office of the Assistant Commissioner, Central GST & Central Excise, Guwahati, Division II, levying a penalty ₹2,25,163 in terms of Section 122(2) and Section 73(9) of CGST Act and Assam GST Act, 2017 and Section 20 of IGST Act. 

Stock trades at ₹559.35 on the NSE, down by 1.15%.

BSE Sensex tumbles over 517.04 pts or 0.69% to trade at 73,985.86 as of 2.10 pm, and Nifty 50 declines by 172.60 pts or 0.76% at 22,532.10.

Exicom Tele-Systems (16.68%), Emami (15.50%), Heritage Foods (11.40%), Suprajit Engineering (6.80%)

Bharti Airtel announced the appointment of Sharat Sinha as ‘CEO – Airtel Business’ of the Company, w.e.f. June 03, 2024

​Mahindra Logistics​ has executed a joint venture agreement with Seino Holdings Co Ltd, Japan, to enable the formation of a Joint Venture company (“JVCo.”) in India, for carrying on the business of providing warehousing and trucking services and related services thereto primarily to Japanese automobile companies and Japanese auto ancillary companies and/or their respective automobile and/or auto ancillary Affiliates in India. The Company will hold 50% in the proposed JVCo. and the balance 50% will be held by Seino.

Mahindra Logistics stock trades at ₹432.75 on the NSE, up 0.39%.

Trans India House Impex board has approved the raising of funds by way of offer and issue of equity shares aggregating up to ₹49.50 crore.

The BSE Sensex, a key indicator of the Indian stock market, experienced a decline of 0.55 per cent or 412 points , trading 74,090 . Similarly, the NSE Nifty , another crucial benchmark , was at 22,564, down by 0.62 per cent or 140 points. A total of 3,811 stocks were actively traded; 1,242 advanced, while 2,452 declined, and 117 stocks remained unchanged, where 113 stocks hit a 52-week high, and 43 stocks hit a 52-week low at 1 pm on the BSE.

Deven Mehata, Research Analyst, Choice Broking, “The benchmark Sensex and Nifty indices are expected to open on a negative note on May 30, following GIFT Nifty trends indicating a loss of 90 points for the broader index.

Bhageria Industries Limited has received communication from the GST & Central Excise Audit Surat Commissionerate, an intimation of tax ascertained as being payable under GST Act, 2017, tax amounting to ₹7,24,568 has been advised to be paid by the Company alongwith the amount of applicable interest and penalty of ₹1,08,683

Bhageria Industries stock trades at ₹158.35 on the NSE, down by 0.28%.

Alembic Pharmaceuticals has received USFDA final approval for Sacubitril and Valsartan Tablets, 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg.

Stock rises 1.18% on the NSE, trading at ₹958.25.

HCLTech has announced that HCLTech AI Force is available on Google Cloud’s Gemini models. 

HCL Technologies stock declines by 1.10% on the NSE, trading at ₹1,338.25.

​Marksans Pharma’s ​consolidated net profit for the quarter ended March 2024 was at ₹77.6 crore as against ₹82.7 crore in the corresponding quarter last year. 

Board has recommended final dividend of ₹0.60 per equity share

Stock tumbles 11.59% on the NSE, trading at ₹149.90.

Natural gas futures have been on a decline over the past week. The June contract on the MCX, which made a high of ₹263.4 last week, fell and closed at ₹223.1 on Wednesday.

While the broader trend remains bullish, there is a chance for the contract to see some more correction before resuming the rally. 

Marine Electricals (India) Limited has received an order amounting to 

₹10.35 crore from L&T Shipbuilding, for Supply of Data Distribution Unit (DDU). The delivery shall be 

over a period of 26 months.

Stock surges 4.98% on the NSE, trading at ₹104.40.

Top gainers on the NSE at 12:

ICICI Bank (0.87%), Bharti Airtel (0.56%), Kotak Bank (0.43%), HDFC Bank (0.35%), SBI (0.15%)

Top losers:

Tata Steel (-4.73%), Shriram Finance (-2.98%), Titan (-2.77%), Nestle India (-2.64%), Power Grid (-2.42%)‘

Stocks advanced on BSE at 12 noon on May 30, 2024, were 1,257 against 2,387 stocks that declined; 126 stocks remain unchanged. Total stocks traded were 3,770. The number of stocks that recorded a 52-week high was 108, and those that hit a 52-week low was 41. 

In addition, 193 stocks traded in upper circuit, while 238 hit the lower circuit.

Shares of LIC traded at ₹999 on the NSE, up by 0.07 per cent as of 10.25 am on Thursday. Brokerages have been bullish on the stock driven by strong equity and change in product mix. They expect stock to rise at least 20 per cent.

The company reported a 2 per cent marginal increase in net profit at ₹13,763 crore in the fourth quarter ended March 2024, against ₹13,428 crore in the corresponding quarter last year.

Emkay Global has reiterated ‘add’ call on the stock with an unchanged June-25E target price of ₹1,200/sh, implying FY26E P/EV of 0.8x. The brokerage added that LIC reported an inline set of numbers, delivering 16.8 per cent VNB margin for FY24 against the estimate of 16.9 per cent, and largely inline APE at ₹57,000 crore.

H.G. Infra Engineering Limited has incorporated the following subsidiary companies:

H.G. Bikaner Solar Project Private Limited 

2. H.G. Nokha Solar Project Private Limited 

3. H.G. Bhopalgarh Solar Project Private Limited

Stock trades at ₹1,475 on the NSE, up 0.06%.

Top gainers on the BSE at 11.15 am:

Emami (15.08%), KRN Construction (9.16%), Rhi Magnesita (6.80%), Suprajit Engineering (6.72%), Linde India (5.52%)

Top losers:

Edelweiss Financial (-14.42%), ISGEC (-12.80%), IRB (-8.32%), Kfin Tech (-6.53%), Cummins India (-5.37%)

Spurred by cyclone Remal, the southwest monsoon set in over the Kerala coast and parts of the northeast on Thursday, a day ahead of the date forecast by the weather office.

Weather scientists said that the cyclone, which ripped through West Bengal and Bangladesh on Sunday, had pulled the monsoonal flow to the Bay of Bengal, which could be one of the reasons for early onset over the northeast.

“Southwest monsoon has set in over Kerala and advanced into most parts of northeast India today, the May 30, 2024,” the India Meteorological Department said.

Jash Engineering announced the inauguration of new manufacturing facility of Waterfront Fluid Controls Ltd., Glasgow, UK (subsidiary of JASH Engineering Limited, India) at Maritime House 143, Woodville, St Glasgow, G51 2RQ is going to be held on 31st May 2024. The Company would be manufacturing a wide range of penstock, stoplog and screen from the new plant.

Stock trades at ₹2,249.90 on the NSE, down by 0.42%.

Post-listing view on Awfis Space Solutions from Shivani Nyati, Head of Wealth, Swastika Investmart Ltd:

Awfis Space Solutions, a leading player in India’s flexible workspace market, witnessed a decent listing on the stock exchanges. The company’s shares started trading at Rs. 435, translating to a 13.3% gain over its issue price of Rs. 383. 

The pre-listing GMP suggested a potentially higher listing gain, but it gradually declined in the days leading up to the listing, possibly reflecting a more cautious investor approach.

While not explosive, Awfis Space Solutions’ listing presents a decent starting point. The strong subscription highlights the attractiveness of the co-working space market, but the company’s financial situation requires ongoing monitoring.

Investors are suggested to hold their position by keeping a stop loss at the issue price.

Brent crude oil futures traded marginally lower on Thursday morning as the market awaited important economic data from the US.

Top losers of Nifty metal stocks:

Hindustan Zinc (-4.15%), Tata Steel (-3.93%), JSW Steel (-3%), Hindustan Copper (-2.84%)

Hero FinCorp Ltd (HFL), an associate company of Hero MotoCorp Ltd, plans to float an initial public offering (IPO) aggregating to at least ₹4,000 crore. 

Besides fresh issue of shares aggregating ₹4,000 crore (with face value of ₹10 each) through an IPO, there will also be an offer for sale (OFS) by certain existing and eligible shareholders as part of the offering. 

The proposed IPO — which received HFL’s board approval on Wednesday — is subject to market conditions, receipt of applicable approvals, regulatory clearances and other considerations, according to stock exchange filings by Hero MotoCorp.

The rupee slipped 2 paise to 83.42 against the US dollar in early trade on Thursday, tracking the outflow of foreign capital amid volatile domestic equity markets.

Forex traders said a strong American currency also weighed on the local unit even as retreating crude oil prices capped the rupee’s sharp fall.

Jeera (cumin) prices have gained over the past few weeks on robust domestic and export demand besides tight global supplies, analysts said. But some blame speculation for the rise following a sharp fall and say they hit the resistance level last week. 

Rates on the futures market increased by nine per cent last week, gaining the most in the spices complex, according to Anu Pai, Research Analyst at Geojit Financial Services.

Pfizer India and Yashoda Hospitals have jointly set up a new dedicated Centre of Excellence (CoE) for adult vaccination in Yashoda Hospitals Hitec City.

With a vision of enhancing patient care, the CoE, which was inaugurated on Wednesday, was designed to ensure holistic coverage of adult vaccination across the community. 

Newgen Software, a global provider of low-code digital transformation platforms, has launched LumYn, a Gen AI-powered hyper-personalisation platform designed specifically for the banking sector. The company claims this growth intelligence platform is set to enhance profitability and significantly improve customer experiences for banks worldwide.

JSW Steel is enhancing its product mix to reduce India’s reliance on coated steel imports with Made In India, JSW Magsure. 

Stock declines by 1.94% on the NSE, trading at $884.40.

Meghna Infracon Infrastructure Limited delivers first project Ashraya Heights, residential project located at Opposite Goregaon Gymkhana, Goregaon (East).

Alok Industries informed Vinod Sureka has decided to step down from the position of Chief Financial Officer from the close of business hours on June 1, 2024.

ASK Automotive has announced the appointment of Rajender Dharna as President - Operations (Aluminium Lightweighting Precision Solutions) of the Company.

Brahmaputra Infrastructure has secured order for the execution of contract for four-lane divided carriageway Road in the State of Assam from NHAI, Ministry of Road Transport and Highways , Government of India, of an total amount ₹50.80 Crore.

Stock surges 4.72% on the BSE, trading at ₹88

Top gainers on the NSE at 9.30 am:

SBI (1.48%), Axis Bank (1.32%), ICICI Bank(0.97%), Kotak Bank (0.85%), IndusInd (0.60%)

Top losers:

Tata Steel (-2.84%), JSW Steel (-1.82%), Power Grid (-1.57%), Nestle India (-1.52%), Titan (-1.33%)

Motilal Oswal Financial Services expects gold prices to touch ₹81,000 per 10 grams, as the price in the international market is expected to soar to $2,650 an ounce.

In its latest report, it said gold recorded a gain of about 14 per cent year-to-date in the domestic market and that of silver was 27 per cent.

MOFSL recommended “buy on dips” approach on gold when prices were hovering at ₹69,000 and $2,250 in the international market.

Crude oil futures traded lower on Thursday morning as the market awaited for important economic data from the US. At 9.10 am on Thursday, August Brent oil futures were at $83.33, down by 0.12 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $79.14, down by 0.11 per cent. June crude oil futures were trading at ₹6611 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday morning against the previous close of ₹6624, down by 0.20 per cent, and July futures were trading at ₹6603 against the previous close of ₹6604, down by 0.02 per cent.

Indian benchmark indices, Sensex and Nifty, started the day in negative territory and are likely to experience volatility due to weak global cues and the expiry of monthly F&O contracts on the NSE. The 30-share BSE Sensex declined by 198.68 points to 74,304.22 in early trade, while the NSE Nifty decreased by 41.40 points to 22,663.30. 

According to analysts, the settlement of May derivative contracts on the NSE will add to volatility. Though foreign portfolio investors have turned net sellers in the cash segment, they have surprisedly turned bullish in the F&O segment.

“The long short ratio (LSR) of the Foreign Portfolio Investors (FPIs,,) rose further from 51.83 per cent on May 27 to 53.96 per cent on May 28 as they continued to build long positions and cover short positions in Index futures for the fourth consecutive day,” said Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities

Put writers (Bulls) exiting and call writing additions was observed at the 22,900 and 23,000 strikes, which kept the Nifty under pressure throughout Wednesday, he added. Strong call writing (Bear activity) was also observed at the 22,800 Strike in Nifty, adding that the maximum call open interest is placed at the 23,000 Strike while the maximum put open interest is placed at the 22,500 Strike. “An uptrend is unlikely to resume unless the 23,000 level is taken out successfully,” he further said.

Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox, said escalating tensions in West Asia and investor anxiety ahead of the general election results, due next week, are weighing on market sentiment.

According to Siddhartha Khemka, Head—Retail Research, Motilal Oswal Financial Services Ltd, all eyes will now be on Core PCE data, which is elementary for the US Fed’s interest rate decision.

“On the domestic front, though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to heightened in coming sessions, thus its advisable to traders to stay on sidelines and not get too aggressive,” he advised

Equities across the Asia-Pacific region are in a sea of red, led by Japan’s Nikkei, which tumbled over 2.2 per cent in the early session on Thursday. Others such as Australia, Korea and Tailwan are down between 0.5 per cent and 1 per cent.

“The weak global cues are further adding to the nervousness and thus markets are likely to remain weak in near future,” he cautioned.

Silver prices remained at $32, the highest level in 11 years, as industrial demand added to a favourable macroeconomic backdrop for precious metals. Even while robust economic growth and stubborn inflationary pressures in the United States have pushed back expectations for the Fed’s monetary easing, markets still anticipate the Fed to cut rates multiple times this year. Meanwhile, demand for solar panels amid unpredictable global electricity costs has supported industrial demand for silver, as evidenced by solar shares trading at a year-to-date high. India’s silver imports in the first four months of the year have already topped the total for the entire year of 2023, driven by surging demand from the solar panel industry and investor bets on outperformance against gold. India acquired a record 4,172 metric tonnes of silver from January to April, up from 455 tonnes a year earlier. 

Gold dipped after investors reduced their expectations on US Fed rate cuts this year in response to recent comments from policymakers, as they awaited the important PCE inflation report. In an interview, Minneapolis Fed President Neel Kashkari suggested that the Fed should wait until inflation improves sufficiently before decreasing rates, and that if inflation does not fall further, rates may be raised. Meanwhile, rising geopolitical dangers in the Middle East bolstered the safe-haven attraction. Gold imports to China through Hong Kong decreased 38% in April compared to the previous month, according to the Hong Kong Census and Statistics Department. Net imports into the world’s largest gold consumer totaled 34.6 metric tonnes in April, down from 55.8 tonnes in March, according to data. 

Heritage Foods: Net profit at Rs 40.5 cr vs Rs 17.9 cr, Revenue at Rs 950.6 cr vs Rs 817.6 cr. (YoY) 

Entero: Net profit at Rs 21 cr vs loss Rs 3.8 cr, Revenue at Rs 1034 cr vs Rs 887 cr. (YoY)

Genus Power: Net profit at Rs 24 cr vs loss Rs 11 cr, Revenue at Rs 420 cr vs Rs 202 cr. (YoY) 

Aadhar: Net profit at Rs 202 cr vs Rs 141 cr, Revenue at Rs 334 cr vs Rs 263 cr. (YoY) 

Cummins: Net profit at Rs 561 cr vs Rs 318 cr, Revenue at Rs 2316 cr vs Rs 1926 cr. (YoY)

GMR Airports: Net loss of ₹167.6 cr vs ₹loss of ₹638.9 cr, Revenue up 29.5% at ₹2,446.8 cr vs ₹1,889.7 cr (YoY) 

SJVN: Net profit at Rs 61.1 cr vs Rs 17.2 cr, Revenue at Rs 482.9 cr vs Rs 503.8 cr. (YoY) 

Samvardhana Motherson: Net profit at Rs 1372 cr vs Rs 654 cr, Revenue at Rs 27,058 cr vs Rs 22,517 cr. (YoY) 

Banco Products: Net profit at Rs 68.2 cr vs Rs 51 cr, Revenue at Rs 723.9 cr vs Rs 609.3 cr. (YoY)

Bajaj Steel: Net profit at Rs 22.55 cr vs Rs 17.1 cr, Revenue at Rs 174 cr vs Rs 120 cr. (YoY) 

M. K. Protiens: Net profit at Rs 5.83 cr vs Rs 2.5 cr, Revenue at Rs 86.75 cr vs Rs 68.86 cr. (YoY)

SJVN: Company in pact with Indian Oil for JV in renewable, new tech projects 

Avantel: Company gets Rs 110 crore order for supply of SATCOM equipment from Defence Ministry

BOROSIL: Company is planning to launch new glass products and expand its product line to replace plastic and steel products 

Intellect: Company unveils ground breaking emach. ai composed and contextual platforms ICPX and IAPX to reimagine corporate procurement and accounts payable processes 

HPCL: Company has signed MOU with oil India limited to collaborate on conventional & alternative energy portfolio 

HCL TECH: Company infuses GENAI into MRO solution to redefine enterprises asset utilization. 

NMDC: Company to seek nod to add more mining areas in Karnataka & Chattisgarh. 

JWL: Receives ARIA approval to start the commercial production of Battery Operated Light Commercial Vehicles

Prestige: Company says GDV of projects expected to launch in the FY 2025 is 59,000 cr rupees

Infosys: Company launches AI-led innovations for Roland-Garros 2024 in partnership with French Tennis federation.

KIOCL: Pellet Plant Unit of the Company situated at Mangalore has resumed its operation

Power Mech Projects: Company secures an order worth Rs 563 crore from BHEL to construct a nuclear power plant 

Yatra: Yatra Online Unveils Gen AI-Powered Expense Management Solution for SMEs and Large Enterprises 

Axis Bank/ICICI Bank: At the same time, S&P has also revised upward its Stand-Alone Credit Profile of Axis Bank and ICICI Bank by one notch each 

HPCL: MG Motor India collaborates with HPCL to expand EV charging network in India. 

RAMS Solutions: Company announces expansion of strategic partnership with Ramco Systems 

Adani Energy: Company Looking to redeploy surplus fund for future growth 

RVNL: Company gets order worth Rs 38 crore for signalling work 

Hind Composites: Net profit at Rs 8 cr vs Rs 10 cr, Revenue at Rs 78.6 cr vs Rs 78 cr. (YoY) 

Hindustan Oil: Net profit at Rs 70.6 cr vs Rs 106.7 cr, Revenue at Rs 330.6 cr vs Rs 193.4 cr. (YoY) 

Munjal Showa: Net profit at Rs 7.8 cr vs Rs 21.2 cr, Revenue at Rs 294.3 cr vs Rs 298.9 cr. (YoY)

Medicamen: Net profit at Rs 3.1 cr vs Rs 4 cr, Revenue at Rs 45 cr vs Rs 37.1 cr. (YoY)

Dredging Corp: Net loss at Rs 23.5 cr vs profit of Rs 27.2 cr, Revenue at Rs 277.9 cr vs Rs 265.4 cr. (YoY) 

RHI Magnesita: Net loss at Rs 257.9 cr vs Rs 679.4 cr, Revenue at Rs 943.3 cr vs Rs 874.8 cr. (YoY) 

ISGEC: Net profit at Rs 72 cr vs Rs 93 cr, Revenue at Rs 1868 cr vs Rs 2043 cr. (YoY) 

Tata Steel: Net profit at Rs 611 crore versus poll of Rs 942 crore, Revenue at Rs 58690 crore versus poll of Rs 58170 crore 

Suprajit: Net profit at Rs 59.0 cr vs Rs 41.0 cr, Revenue at Rs 783 cr vs Rs 699 cr. (YoY) 

NOCIL: Net profit at Rs 42.0 cr vs Rs 30.0 cr, Revenue at Rs 357 cr vs Rs 341 cr. (YoY) 

Bata: Net profit at Rs 64.0 cr vs Rs 66.0 cr, Revenue at Rs 798 cr vs Rs 779 cr. (YoY)

Lemon Tree: Net profit at Rs 84.0 cr vs Rs 59.0 cr, Revenue at Rs 327 cr vs Rs 253 cr. (YoY) 

Shriram Prop: Net profit at Rs 20.0 cr vs Rs 16.0 cr, Revenue at Rs 302 cr vs Rs 118 cr. (YoY) 

Mishra Dhatu: Net profit at ₹46.3 cr vs ₹66.3 cr, Revenue at ₹405.5 cr vs ₹344.6 cr (YoY)

Aditya Birla Capital: Company invests Rs 300 crore in arm Aditya Birla Housing Finance on rights basis 

RR Kabel: TPG Asia to sell entire 5% stake worth Rs 1000 cr (4-5% discount) 

KFINTECH: General Atlantic Singapore to sell upto 6.8% stake worth Rs 833 cr (4% discount)

CESC: Minor fire incident at its subsidiary’s plant Haldia (600 MW) in West Bengal 

Kuantum Papers: Net profit at Rs 33.89 cr vs Rs 65.05 cr, Revenue at Rs 300 cr vs Rs 344 cr. (YoY) 

Rana Sugar: Net profit at Rs 21.7 cr vs Rs 45.4 cr, Revenue at Rs 421.2 cr vs Rs 461.1 cr. (YoY)

Munjal Showa: Net profit at Rs 8 cr vs Rs 21 cr, Revenue at Rs 294 cr vs Rs 299 cr. (YoY) 

Solara Active: Net loss at Rs 255 cr vs Rs 4.0 cr, Revenue at Rs 299 cr vs Rs 381 cr. (YoY)

MTNL: Net loss at Rs 784 cr vs Rs 749.0 cr, Revenue at Rs 209 cr vs Rs 219 cr. (YoY)

ITI: The Arbitral Tribunal accepted some of the claims of HCL and rejected claims of ITI

IRB Infra: Promoters to sell 4% stake worth Rs 1512cr (upto 13% discount)

Jefferies on Tata Steel: Maintain Buy on Company, target price at Rs 200/Sh (Positive) 

Citi on RR Kabel: Maintain Buy on Company, raise target price at Rs 2043/Sh (Positive) 

GS on Emami: Maintain Buy on Company, raise target price at Rs 640/Sh (Positive) 

Jefferies on Emami: Maintain Buy on Company, raise target price at Rs 630/Sh (Positive) 

Jefferies on Prestige Estate: Maintain Buy on Company, raise target price at Rs 1215/Sh (Positive) 

CLSA on Prestige Estate: Maintain Buy on Company, raise target price at Rs 1875/Sh (Positive) 

Citi on Prestige Estate: Maintain Buy on Company, raise target price at Rs 1841/Sh (Positive) 

UBS on CG Power: Maintain Buy on Company, raise target price at Rs 850/Sh (Positive) 

Axis on Indigo: Upgrade to Buy on Company, raise target price at Rs 4700/Sh (Positive) 

Nomura on Eureka: Upgrade to Buy on Company, target price at Rs 535/Sh (Positive) 

Jefferies on GMR Airports: Maintain Buy on Company, target price at Rs 100/Sh (Positive) 

JP Morgan on SAMIL: Maintain Overweight on Company, raise target price at Rs 165/Sh (Positive) 

MS on SAMIL: Maintain Overweight on Company, raise target price at Rs 176/Sh (Positive) 

Jefferies on SAMIL: Maintain Buy on Company, raise target price at Rs 175/Sh (Positive) 

Nomura on SAMIL: Maintain Buy on Company, raise target price at Rs 165/Sh (Positive) 

CLSA on SAMIL: Maintain Buy on Company, raise target price at Rs 130/Sh (Positive) 

Citi on SAMIL: Maintain Sell on Company, target price at Rs 85/Sh (Neutral) 

Citi on NMDC: Maintain Sell on Company, target price at Rs 215/Sh (Neutral) 

Nomura on Cummins: Maintain Neutral on Company, target price at Rs 3040/Sh (Neutral) 

JP Morgan on Reliance Ind: Maintain Overweight on Company, target price at Rs 3100/Sh (Neutral) 

Jefferies on Alkem Labs: Maintain Underperform on Company, target price at Rs 4200/Sh (Neutral) 

JP Morgan on Alkem Labs: Maintain Neutral on Company, target price at Rs 5445/Sh (Neutral) 

HSBC on Alkem Labs: Maintain Hold on Company, target price at Rs 4880/Sh (Neutral) 

GS on Titan: Maintain Buy on Company, target price at Rs 3950/Sh (Neutral) 

MS on Tata Steel: Maintain Equal weight on Company, target price at Rs 135/Sh (Neutral) 

CLSA on ABFRL: Downgrade to Underperform on Company, raise target price at Rs 75/Sh (Negative) 

GS on SJVN: Maintain Sell on Company, target price at Rs 75/Sh (Neutral)

Buy, TP Raised to Rs 850

Prudent capital allocator; timely capacity set to drive bottom line 

Consensus missing on potential for faster rev ramp up; better margins 

Exports should ramp up from Rs3bn in FY23 to Rs25bn in FY28E, driving up margins & rev share

Upgrade to buy, TP Rs 534

4QFY24: EBITDA ahead of est. 

Focus on premium launches to drive revenue growth 

Margin tailwinds in place; valuations attractive at 33x FY26F PE 

Lower FY25F/ 26F revenue by 3-4% to factor in near-term demand softness

Underperform Call, Target Rs 4,200

Q4 Significantly Below Estimates As India Sales Declined 2% YoY 

FY25 Revenue Growth Guidance Of 10% Below Our Estimate 

20-30 bps EBITDA Margin Expansion Is Also Below Our Estimate 

FY25 Will Be An Investment Year With Higher R&D Spend And Capex 

Co Is Open To M&A In India Vs Earlier Focus Of Organic Driven Growth 

Cut FY25/26 EPS By 5%/6% On Subdued FY25 Guidance

Jefferies on Samvardhana Motherson

Buy Call, Target Raised To Rs 175

Q4 EBITDA Rose 48% YoY, Up 20% QoQ & 11% Above Est

Q4 EBITDA Growth Led By Better-Than-Expected Margins, Especially In Polymers.

Also, Net Debt Fell 14% Qoq

Raise FY25-26E EPS By 8-9%

EPS Has Increased At 78% CAGR Over FY22-24, & See 32% CAGR Over FY24-27E.

Valuation At 21x FY25E PE Is Not Cheap But Likely To Sustain, Given Strong Growth Outlook.

Nomura on Samvardhana Motherson

Buy Call, Target Rs 165

Q4 In-line; Integration Of Acquisitions Likely To Drive Strong Earnings Growth In FY25-26

Management Said Emerging Markets Are Driving Growth

FY25 Capex Plan Is Rs 5,000 Cr, Out Of Which, Rs 2,000 Cr Will Be Spent On 18 Greenfield Plants

Raise FY25-26 EPS By 5-8%, Mainly Driven By Strong Margins For Modules Division

CLSA on Samvardhana Motherson

Downgrade to Sell, TP Rs 130

Organic rev up 12.5% YoY in FY24

Consol Ebitda of Rs29.3bn (+45.2% YoY), above est., Downgrade as believe stk is trading at expensive valuation & there is likely to be a slowdown in European auto industry

MS on Samvardhana Motherson

OW, TP Raised to Rs 176

F4Q EBITDA above est.

Incremental earnings support likely to come from integration of acquisitions, sharp non-auto growth, & improvement in b/s 

Have increased conviction in an earnings turnaround, which should support re-rating

CITI on Samvardhana Motherson

Sell, TP Rs 85

4Q Ahead of Est., Boosted by Large Lumpy FX Gains & Contribution from Customers

Outlook +ve, & boosted by healthy performance of recently acquired cos

Global geopolitical uncertainty & slower growth in hybrids/EVs key challenges

Nomura on Cummins

Neutral Call, Target Rs 3,040

Q4 PAT Beat Of 51%Vs Estimates

EBITDA Margin At 23.5%, Up 657 bps YoY, Came In As A Positive Surprise

Growth In EBITDA Margin Could Be Attributed To Higher Growth In High Horse Power Segment

Revenue Was Up 20% YoY, Up 5% Vs Est, Domestic Sales Rose 38% YoY

Macquarie on Cummins

O-P, TP Rs 3600

4Q: Strong end to FY24

Strong domestic business growth

Exports continued to be soft

Margin expansion driven by GM expansion & lower other expenses

Jefferies on GMR Airports

Buy Call, Target Rs 100

Ended FY24 On A Strong Note With Q4 EBITDA Growing 2.8x YoY/ 22% QoQ

For FY24, EBITDA Grew 70%+ YoY To Rs 2,970 Cr On 19% Growth In Pax

EBITDA Growth Is Impact Of Higher Aero Tariff At Hyderabad/Mopa

EBITDA Growth Is Impact Of Improving Non-aero Yields Per Pax Across Its Airports

Jefferies On Tata Steel

Buy Call, Target Rs 200

In Q4 EBITDA Rose 5% QoQ Which Was Down 9% YoY & 7% Above Estimates

Standalone EBITDA/t Fell 12% QoQ Pulled Down By Lower ASP

EBITDA/t Loss Narrowed Sharply From $191 In Q3 To - $40 In Q4

Q4 Net Debt Was Flattish QoQ

Co Plans To Infuse $2.1 Bn In Overseas Holding Co To Repay Existing Debt At Offshore Entities & To Support Restructuring Costs In UK

MS on Tata Steel

Equal-Weight Call, Target Rs 135

Beat On Cons EBITDA Was Led By Better-than-est Performance In Domestic & Overseas Biz

For Domestic Business, Tata Steel Kalinganagar Phase 2 Expansion Remains On-track

For UK, Existing Heavy Assets Are Nearing Their Closure

Shares of Awfis Space Solutions will be listed today. The company has fixed the price at ₹383, at the upper end of the price band ₹364-383.

The initial public offering of co-working space operator Awfis Space Solutions was subscribed 108.17 times, largely due to institutional investors’ heavy participation.

The ₹599-crore IPO received bids for 93.34 crore shares against 86.29 crore shares.

Davangere Sugar Company Ltd

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

Previous day Closing Price – Rs. 103.29

Ex - Stock Split 31 May 2024 (Tomorrow)

Last day trade for before split Today

Dividend Dates

Ex-Dividend 31 May 2024 (Tomorrow)

Last date for Cum-Dividend Today

Advani Hotels & Resorts (India) Ltd.

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 69.88

Alicon Castalloy Limited

Dividend Per Share Rs.3

Previous day Closing Price – Rs. 1080.65

Caplin Point Laboratories Ltd.

Dividend Per Share Rs.2.5

Previous day Closing Price – Rs. 1309.4

Glaxosmithkline Pharmaceuticals Ltd.

Dividend Per Share Rs.32

Previous day Closing Price – Rs. 2536.65

Havells India Ltd.

Dividend Per Share Rs.6

Previous day Closing Price – Rs. 1893.45

Indian Energy Exchange Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 156.7

Infosys Ltd.

Special Dividend Per Share Rs. 8

Dividend Per Share Rs.20

Previous day Closing Price – Rs. 1451.6

Jsw Energy Ltd

Dividend Per Share Rs.2

Previous day Closing Price – Rs. 604.25

Lkp Securities Ltd

Dividend Per Share Rs.0.15

Previous day Closing Price – Rs. 22.55

Muthoot Finance Ltd.

Dividend Per Share Rs.24

Previous day Closing Price – Rs. 1739.15

Page Industries Ltd.

Dividend Per Share Rs.120

Previous day Closing Price – Rs. 36530.25

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Royal Bank of Canada (Pre market) (Sector-Finance) 

Canadian Imperial Bank of Commerce (Pre market) (Sector-Finance) 

Dollar General Corporation (Pre market) (Sector- Retail)

Hormel Foods Corporation (Pre market) (Sector- FMCG) 

Best Buy Co., Inc. (Pre market) (Sector- Retailers) 

Burlington Stores, Inc. (Pre market) (Sector- Retailers) 

Roivant Sciences Ltd. (Pre market) (Sector- Healthcare) 

Birkenstock Holding plc (Pre market) (Sector- Textiles)

Costco Wholesale Corporation (Post market) (Sector- Technology)

Dell Technologies Inc. (Post market) (Sector- Technology)

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

Veeva Systems Inc (Post market) (Sector- Healthcare)

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

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

The Cooper Companies, Inc. (Post market) (Sector- Healthcare)

Ulta Beauty, Inc. (Post market) (Sector- Miscellaneous)

Elastic N.V. (Post market) (Sector- Technology)

Gap, Inc. (Post market) (Sector- Retail)

18:00 U.S. Prelim GDP q/q (Expected: 1.2% versus Previous: 1.6%)

18:00 U.S. Unemployment Claims (Expected: 218k versus Previous: 215K)

19:30 U.S. Pending Home Sales m/m (Expected: -1.1% versus Previous: 3.4%)

21:35 U.S. FOMC Member Williams Speaks

Buzzing Stocks: Tata Steel, KFin Technologies, IRB Infra, RR Kabel, Ramco Systems, United Breweries, SpiceJet, Axis Bank, ICICI Bank, SBI, HDFC Bank, Kotak Bank, Indian Bank, NTPC, PowerGrid, ONGC, Edelweiss Financial

Domestic markets are expected to see volatility amid weak global cues and the expiry of monthly F&O contracts on the NSE. Gift Nifty at 22735 indicates a gap-down opening of nearly 120 points, as Nifty June futures on Wednesday closed at 22,856.

According to analysts, the settlement of May derivative contracts on the NSE will add to volatility. Though foreign portfolio investors have turned net sellers in the cash segment, they have surprisedly turned bullish in the F&O segment.

The upmove in E.I.D. – Parry has gained momentum. The stock had surged over 8 per cent on Wednesday when the benchmark indices had declined. This rise has taken the stock well above an intermediate resistance level of ₹667. 

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

(Nirmal Bang Retail Research) 

Result below Expectation 

Revenue from Operations came at Rs. 482.9 Cr (-11.1% QoQ, -4.1% YoY) vs expectation of Rs. 532.1 Cr, QoQ Rs. 543.3 Cr, YoY Rs. 503.8 Cr 

EBIDTA came at Rs. 239.7 Cr (-34.9% QoQ, -22.4% YoY) vs expectation of Rs. 363.8 Cr, QoQ Rs. 368.5 Cr, YoY Rs. 308.9 Cr 

EBITDA Margin came at 49.6% vs expectation of 68.4%, QoQ 67.8%, YoY 61.3% 

Adj. PAT came at Rs. -42.8 Cr vs expectation of Rs. 151.6 Cr, QoQ Rs. 164 Cr, YoY Rs. 29.3 Cr 

Quarter EPS is Rs. -0.1 

Stock is trading at P/E of 31.4x FY25E EPS

(Nirmal Bang Retail Research) 

Result is inline with expectations 

Revenue from Operations came at Rs. 891.2 Cr (-10.5% QoQ, 6.6% YoY) vs expectation of Rs. 868.6 Cr, QoQ Rs. 996.3 Cr, YoY Rs. 836 Cr 

EBIDTA came at Rs. 211 Cr (-33% QoQ, 5.6% YoY) vs expectation of Rs. 212.9 Cr, QoQ Rs. 314.9 Cr, YoY Rs. 199.8 Cr 

EBITDA Margin came at 23.7% vs expectation of 24.5%, QoQ 31.6%, YoY 23.9% 

Adj. PAT came at Rs. 148.9 Cr vs expectation of Rs. 169.8 Cr, QoQ Rs. 264.3 Cr, YoY Rs. 144.4 Cr 

Quarter EPS is Rs. 3.4 

Stock is trading at P/E of 26.8x FY25E EPS

(Nirmal Bang Retail Research) 

Result has improved 

Revenue from Operations came at Rs. 3103.7 Cr (31.4% QoQ, 49.3% YoY) vs QoQ Rs. 2362.5 Cr, YoY Rs. 2078.6 Cr 

EBIDTA came at Rs. 524.1 Cr (-2.8% QoQ, 148.8% YoY) vs QoQ Rs. 539.2 Cr, YoY Rs. 210.6 Cr 

EBITDA Margin came at 16.9% vs QoQ 22.8%, YoY 10.1% 

Adj. PAT came at Rs. 663 Cr vs QoQ Rs. 626.8 Cr, YoY Rs. 326.2 Cr 

Quarter EPS is Rs. 32.9 

Stock is trading at P/E of 40.8x FY25E EPS

(Nirmal Bang Retail Research) 

Result is above expectations 

Revenue from Operations came at Rs. 2086.3 Cr (12.6% QoQ, -25.4% YoY) vs expectation of Rs. 2086.3 Cr, QoQ Rs. 1852.6 Cr, YoY Rs. 2795.5 Cr 

EBIDTA came at Rs. 437.9 Cr (55.2% QoQ, -6.7% YoY) vs expectation of Rs. 273.9 Cr, QoQ Rs. 282.2 Cr, YoY Rs. 469.1 Cr 

EBITDA Margin came at 21% vs expectation of 13.1%, QoQ 15.2%, YoY 16.8% 

Adj. PAT came at Rs. 214.8 Cr vs expectation of Rs. 57 Cr, QoQ Rs. 57.6 Cr, YoY Rs. 254.9 Cr 

Quarter EPS is Rs. 17 

Stock is trading at P/E of 10.7x FY25E EPS

(Nirmal Bang Retail Research) 

Result is above expectations 

Revenue from Operations came at Rs. 27058.2 Cr (5.3% QoQ, 20.4% YoY) vs expectation of Rs. 26945.2 Cr, QoQ Rs. 25697.6 Cr, YoY Rs. 22476.9 Cr 

EBIDTA came at Rs. 2708.1 Cr (14.3% QoQ, 34% YoY) vs expectation of Rs. 2581 Cr, QoQ Rs. 2369.6 Cr, YoY Rs. 2020.5 Cr 

EBITDA Margin came at 10% vs expectation of 9.6%, QoQ 9.2%, YoY 9% 

Adj. PAT came at Rs. 1371.4 Cr vs expectation of Rs. 724.2 Cr, QoQ Rs. 542.8 Cr, YoY Rs. 654.1 Cr 

Quarter EPS is Rs. 2 

Stock is trading at P/E of 23.9x FY25E EPS

(Nirmal Bang Retail Research) 

Result is above expectations 

Revenue from Operations came at Rs. 596.6 Cr (-1.7% QoQ, -0.9% YoY) vs expectation of Rs. 620 Cr, QoQ Rs. 607.1 Cr, YoY Rs. 602 Cr 

EBIDTA came at Rs. 88.9 Cr (35.8% QoQ, 28.6% YoY) vs expectation of Rs. 80.9 Cr, QoQ Rs. 65.5 Cr, YoY Rs. 69.1 Cr 

EBITDA Margin came at 14.9% vs expectation of 13%, QoQ 10.8%, YoY 11.5% 

Adj. PAT came at Rs. 48.2 Cr vs expectation of Rs. 36.5 Cr, QoQ Rs. 31.5 Cr, YoY Rs. 35 Cr 

Quarter EPS is Rs. 2.1 

Stock is trading at EV/EBITDA of 13.7x TTM EBITDA

(Nirmal Bang Retail Research) 

Result declining 

Revenue from Operations came at Rs. 1294.3 Cr (-21.7% QoQ, 17.1% YoY) vs QoQ Rs. 1653.5 Cr, YoY Rs. 1105.8 Cr 

EBIDTA came at Rs. -54.9 Cr (-334.7% QoQ, -50.5% YoY) vs QoQ Rs. 23.4 Cr, YoY Rs. -111 Cr 

EBITDA Margin came at -4.2% vs QoQ 1.4%, YoY -10% 

Adj. PAT came at Rs. -81.3 Cr vs QoQ Rs. 187.8 Cr, YoY Rs. -137.8 Cr 

Quarter EPS is Rs. -0.6 

Stock is trading at P/E of 23.1x TTM EPS

(Nirmal Bang Retail Research) 

Result marginally below Expectation 

Revenue from Operations came at Rs. 2935.8 Cr (-11.7% QoQ, 1.1% YoY) vs expectation of Rs. 3187.8 Cr, QoQ Rs. 3323.9 Cr, YoY Rs. 2902.6 Cr 

EBIDTA came at Rs. 402 Cr (-43.2% QoQ, 13.8% YoY) vs expectation of Rs. 442 Cr, QoQ Rs. 707.6 Cr, YoY Rs. 353.3 Cr 

EBITDA Margin came at 13.7% vs expectation of 13.9%, QoQ 21.3%, YoY 12.2% 

Adj. PAT came at Rs. 306.1 Cr vs expectation of Rs. 339.1 Cr, QoQ Rs. 646.3 Cr, YoY Rs. 174 Cr 

Quarter EPS is Rs. 25.6 

Stock is trading at P/E of 29.3x FY25E EPS

(Nirmal Bang Retail Research)

Result inline with Expectation 

Revenue from Operations came at Rs. 2033 Cr (-1% QoQ, 34.5% YoY) vs expectation of Rs. 2035.2 Cr, QoQ Rs. 2052.9 Cr, YoY Rs. 1511.6 Cr 

EBIDTA came at Rs. 321.9 Cr (-2.8% QoQ, 77.8% YoY) vs expectation of Rs. 321.1 Cr, QoQ Rs. 331.3 Cr, YoY Rs. 181 Cr 

EBITDA Margin came at 15.8% vs expectation of 15.8%, QoQ 16.1%, YoY 12% 

Adj. PAT came at Rs. 196.3 Cr vs expectation of Rs. 140.3 Cr, QoQ Rs. 111.9 Cr, YoY Rs. 76.5 Cr 

Quarter EPS is Rs. 7.7 

Stock is trading at P/E of 35.2x FY25E EPS

(Nirmal Bang Retail Research)

Result is ok 

Revenue from Operations came at Rs. 741.3 Cr (0% QoQ, 16.4% YoY) vs QoQ Rs. 741.3 Cr, YoY Rs. 637.1 Cr 

EBIDTA came at Rs. 304.1 Cr (-6.2% QoQ, 48.9% YoY) vs QoQ Rs. 324.4 Cr, YoY Rs. 204.2 Cr 

EBITDA Margin came at 41% vs QoQ 43.8%, YoY 32.1% 

Adj. PAT came at Rs. 206.3 Cr vs QoQ Rs. 243.2 Cr, YoY Rs. 135.8 Cr 

Quarter EPS is Rs. 3.3 

Stock is trading at P/E of 46.3x TTM EPS

BSE:-667(74502)

NSE:-183(22704)

BNF:-640(48501)

MID:-163(43352)

SML:+109(47542)

FII|FPI:(-5841.84Cr)

DII:+5233.79Cr

B.Crude: 84

Gold$:2342=INR: 72063

Silver: 95540

$/Rs: 83.34

7.18 : 2033 G-Sec: 7.07 (7.05 prv)

NSE PE: 21.57

VIX: 24.18 −0.020 (0.083%)

FIIs - FY24-25

MTD: (-40777.37Cr)

DIIs - FY24-25

MTD: +50185.95Cr

Allcargo: Ravi Jakhar, Director

Intl Supply Chain & Express Biz Will See Sequential Improvement Going Forward: Allcargo Logistics

Borosil: Pradeep Kheruka, Chairman

Increase In Freight Rates Have Caused Landed Prices To Rise: Borosil Renewables

DreamFolks: Liberatha Kallat, MD

Will Q1 See Sharp Recovery After Q4’s Margin Miss Due to One-Time CAM Charge Correction?

GIC: Ramaswamy Narayana, CMD

GIC India’s Q4 Combined Ratio: Factors Driving Improvement And FY25 Growth Outlook?

Greenlam Ind: Saurabh Mittal, MD & CEO

Will Reach Peak Utilisation In FY28; Foresee Better Demand In Upcoming Quarter: Greenlam Industries

J Kumar Infra: Kamal Gupta, MD

First Phase Of The Underground Metro In Mumbai Should Open To The Public By July: J Kumar Infra

ITD Cementation: Jayanta Basu, MD

Targetting An Order Inflow Of Around ?9,000-10,000 Cr In FY25: ITD Cementation India

Medplus Health: Gangadi Madhukar Reddy, MD & CEO

Private Label Pharma Sales Should Rise From 8.5% To Low Teens Next Year: MedPlus Health

Monte Carlo: Sandeep Jain, ED

Higher Discounts Have Impacted Company’s Performance In Q4: Monte Carlo Fashions

Prestige Estate: Irfan Razack, CMD

Prestige Estates New Launches: ‘Bangalore Will Contribute to 40% of Sales Going Ahead’

Events today…

Results today…

Replays available at www.researchbytes.com

Turnover: (NSE + BSE)

Cash Volume: 102704.17 + 8001.7 Total: 110705.87

F&O Volume: 524741.37 + 243360.46 Total: 768101.83

Provisional Cash

FII/FPI: NET SELL: -5841.84 

(14162.04 - 20003.88) 

DII: NET BUY: +5233.79 

(12954.15 - 7720.36)

Here’s an interesting stock idea: The stock idea that we have for you today is E.I.D. - Parry. This stock had surged over 8 per cent on Wednesday and has closed on a strong note. The charts are looking strong and the share price can go up in the short-term.