Stock Market Live Updates 31 July, 2024: Sensex, Nifty spurt 0.3% in morning session; Asian Paints top gainer

Shilpa Medicare Ltd’s 100% subsidiary, Shilpa Pharma Lifesciences Ltd, received a certificate of suitability (CEP) from EDQM (European Directorate for the Quality of Medicines & Healthcare) for API, Ursodeoxycholic Acid. 

Shilpa Medicare stock declined 1.02% on the NSE, trading at ₹694.25.

Zydus received approval from COFEPRIS of Mexico to market Mamitra (Trastuzumab biosimilar) to treat various cancers

Zydus Lifesciences stock rose 2.10% on the NSE, trading at ₹1,244.95.

Revolt Motors has announced the delivery of RV400 bikes to employees of Floramax as part of corporate sales.

RattanIndia Enterprises stock trades at ₹80.10 on the NSE, up 0.21%.

Torrent Power (16.22%), NCC (5.23%), GAIL(4.27%), TTK Prestige (3.94%), Persistent Systems (3.41%), Suzlon (2.45%), TVS Motor (2.09%), Sun TV (1.89%)

Autoline Industries has entered into an order/contract with Tata Motors Passenger Vehicle Limited for ₹147 crore annually for Parts & ₹57 crore For Tooling (One Time order).

Autoline Industries stock jumps 9.76% on the NSE, trading at ₹144.38

Top gainers:

Torrent Pharma (12.71%), Suven Pharma (10.55%), Jamna Auto (6%), Kfin Tech (5.92%), Aptech (5.53%)

Top losers:

India Mart (-5.91%), Lloyds Engineering (-4.82%), Greenpanel (-4.76%), Fine Organics (-4.57%), Titagarh (-4.09%)

UGRO Capital has received rating of ‘IND A1+’ for its short-term instrument – Commercial Papers (CP) for 7 to 365 days for issue size of ₹200 crore, as assigned by India Ratings and Research (Ind-Ra). 

The stock rose 1.18% on the NSE, trading at ₹265.30.

Lloyds Engineering Works Limited (LEWL) has received multiple investor queries expressing opinions on the preferential issue by the company. Company clarified that the preferential issue is only for the acquisition of Techno Industries Private Limited and to the promoters of Techno Industries Private Limited. 

Meanwhile, the company is also evaluating various fundraising options and it will be mostly via Rights Issue.

Stock fell 5.37% on the NSE, trading at ₹86.90.

Granules India stock jumps 5.12% on NSE, trading at ₹619.10 after 181% increase in net profit to ₹134 crore in Q1 ended June 30, 2024, compared with ₹48 crore in the corresponding quarter of previous financial year.

Abans Holdings Limited has raised funds in a series A round for its subsidiary Abans Investment Managers Pvt Ltd (AIMPL) valued at ₹150 crore.

Abans Holdings stock was up 1.74% on the NSE, trading at ₹567.10.

Power Grid has clarified regarding ‘₹40,000 crore undersea interconnection with Middle East’ that no such negotiations/events have taken place. 

Stock fell 1.06% on the NSE, trading at ₹346.10

Results were below our estimates; however, the management believes that H2FY25 would be better for Navin on the back of demand recovery

Key Concall Takeaways:

•\u0009Financial Highlights: 

o\u0009Revenue: INR524cr (+7% YoY, -13% QoQ) vs est. INR605cr

o\u0009EBITDA: INR100cr (-12% YoY, -9% QoQ) vs est. INR108cr

o\u0009EBITDA margin: 19.2% (-409bps YoY, +88bps QoQ) vs est. 17.8%

o\u0009PAT: INR51cr (-17% YoY, -27% QoQ) vs est. INR67cr

•\u0009Segmental Highlights: 

o\u0009HPP revenues grew 67% YoY but fell 5% QoQ to INR281cr (vs est. INR302cr) on the back of stable HFO operations and strong sales of the new R32 capacity. Refrigerant gas prices continue to show a recovery.

o\u0009Specialty revenue fell 30% YoY and 37% QoQ to INR162cr (vs est. INR253cr) due to inventory level rationalization.

o\u0009CDMO revenue fell 13% YoY but showed a strong 69% QoQ growth to INR81cr (vs est. INR50cr. The management sees an improved order visibility.

•\u0009Capex plans: 

o\u0009Agro specialty project at Dahej has a Capex of INR540cr with a target to commence commercial production by September-24

o\u0009AHF capex of INR450cr which is on schedule for commission by end FY25/ early FY26.

o\u0009Additional R32 Capex of INR84 crores is on track for completion by February 2025.

o\u0009New capability at Surat has a capex of INR30cr which is likely to be commissioned during Q2FY25.

o\u0009cGMP4 has a Capex of INR288cr, of which Phase 1 includes a Capex of INR160cr which is on track to commission by end of CY25.

o\u0009The company expects capex for FY25 to be in the range of INR600-650cr.

o\u0009The company will start formulating views on the next growth of CapEx by the middle of calendar year 2025.

NWM View:

NIFL’s Q1 results missed our estimates, mainly due to slippages in the specialty chemical business, which is witnessing inventory rationalization by customers amidst volatility in interest rates. However, despite the challenging macro environment, it is witnessed a sequential recovery in EBITDA margin. It spent over INR 1500 cr during FY23-24 and has a Capex plan of ~INR1400 cr for the next couple of years, a major portion of which goes to Agro-specialty projects (INR540 cr) and AHF facility (INR450 cr under subsidiary -NAFL, that will be commercialized in H2FY25. Although, the ramp-up of these facilities would be gradual. We expect the optimization of these Capex may take 12-18 months. We are cautious about the high depreciation and interest up on the capitalization of these Capex in H2FY25, which core business may continue to see pricing pressure (although at a lower pace). However, FY26/FY27 may see a healthy growth on the back of (a) new product launches, (b) optimization of Capex, (c) stabilization in prices of refrigerants. We keep a positive stance on the stock from a 18-24 month perspective. We may revisit our estimates and come out with detailed note shortly.

Track Suzlon stock price movements here

GAIL stock surges 4.77% on the NSE, trading at ₹244.90 after hitting a 52-week high today at ₹246.30. Company reported a 77.5 per cent jump in its June quarter net profit after earnings from the gas marketing business doubled.

Country’s largest car maker Maruti Suzuki India (MSIL) is expected to declare a healthy growth in its first quarter results ended June 30. Read more

Driven by an increase in volume in the automobile and farm segments, Indian automaker Mahindra & Mahindra (M&M) is expected to report strong revenue growth.

According to analysts, the company is expected to report an overall 12 per cent in volumes during the quarter. Read more

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

Conference call Replay available in Various speeds !

Researchbytes Events Update

As of 09:04 AM Wednesday 31 July 2024

Can set alert for them at www.researchbytes.com 

8:30 AM Star Health and Allied Insurance

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/yuufysed

( Hosted by Adfactors )

10:00 AM Macrotech Developers

Dial: +91 22 6280 1197

Weblink: https://tinyurl.com/yc3vpwwj

10:30 AM Titagarh Rail

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/2s3a7ztr

11:00 AM Kansai Nerolac

Dial: +91 22 6280 1144

Weblink: https://tinyurl.com/2s3ryb6n

11:00 AM CARBORUNDUM UNIVERSAL

(Results, Press Release )

Dial: +91 22 6280 1214

Weblink: https://tinyurl.com/yxmjcwsc

11:00 AM GAIL

Dial: 02262801149

Weblink: https://tinyurl.com/5a3bctz5

12:00 PM Jindal Drilling

Weblink: https://tinyurl.com/ybs6rky7

12:00 PM Arvind SmartSpaces

(Results, Investor/Analyst Presentation, Press Release )

Dial: +91 22 6280 1227

Weblink: https://tinyurl.com/mvj4kntp

12:00 PM Capital SFB Ltd

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/3jcwre8d

12:00 PM Shemaroo Ent

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/48rwxc9r

( Hosted by Valorem )

12:00 PM V2 Retail

Dial: +91 22 6280 1545 

Weblink: https://tinyurl.com/33wec8ve

12:15 PM Castrol

(Results)

Dial: +91 22 6280 1164

12:30 PM Manorama Indus

Dial: + 91226280 1107

Weblink: https://tinyurl.com/yc63c9cf

2:00 PM Ambuja Cements

Dial: +91 22 6280 1548 

Weblink: https://tinyurl.com/567jkuk2

2:00 PM ACC

(Results)

Dial: +91 22 6280 1548 

Weblink: https://tinyurl.com/3j6brt9m

2:00 PM Sanghi Ind

Dial: +91 22 6280 1548 

Weblink: https://tinyurl.com/3j6brt9m

2:30 PM Indus Towers

Weblink: https://tinyurl.com/bde8u2sw

3:00 PM Jain Irrigation

Dial: +91 22 6280 1136

Weblink: https://tinyurl.com/5bxfjv4w

3:00 PM TCPL Packaging

Dial: +91 22 6280 1141 

Weblink: https://tinyurl.com/mvhj4cvw

3:00 PM Jai Balaji Ind

Dial: +91 22 6280 1557

Weblink: https://tinyurl.com/2c94h3nh

3:30 PM TVS SUPPLY CHAI

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/3pvehwk9

3:30 PM Lloyds Metals and Energy

Dial: +91226280 1366

Weblink: https://tinyurl.com/396dy8v9

4:00 PM Jindal Stainles

Dial: 91226280 1143

Weblink: https://tinyurl.com/bddjxm6e

4:00 PM eMudhra

Dial: +91 22 6280 1106

Weblink: https://tinyurl.com/4a8urwmk

4:00 PM ADF Foods

Dial: +91 22 6280 1107 

Weblink: https://tinyurl.com/46n8f862

4:00 PM TAEL

Dial: +91 22 6280 1459

Weblink: https://tinyurl.com/ye2ybruj

4:00 PM RR Kabel L

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/4sahufk4

4:00 PM Shyam Metalics And Energy

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/38vsjvxs

4:00 PM India Glycols

Dial: +91 44 4770 2496

Weblink: https://tinyurl.com/24c5sak8

4:00 PM Servotech Power

Dial: 044 4770 0306

4:30 PM Godrej Prop

Dial: +91 22 6280 1302

Weblink: https://tinyurl.com/bdhb2kxa

4:30 PM TeamLease Ser.

Dial: +91 22 6280 1458

Weblink: https://tinyurl.com/2s4ejmpe

5:00 PM All E Techno

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5:00 PM TRACXN TECHNOLO

Weblink: https://tinyurl.com/298udbcd

5:00 PM Birlasoft

Dial: +91 22 6280 1179

Weblink: https://tinyurl.com/bdd2p8yh

5:00 PM Genus Power

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/324n5kb4

5:15 PM CG Consumer

Weblink: https://tinyurl.com/3hhym9x9

5:30 PM Adani Power

Dial: +91 22 6280 1144

Weblink: https://tinyurl.com/34cvh22v

5:30 PM Aegis Chemicals Inds. .

Dial: +91 22 6280 1550 

Weblink: https://tinyurl.com/ykj95c2t

6:00 PM M&M

(Press Release )

Weblink: https://tinyurl.com/yuefzhhb

6:00 PM Bank of Baroda

Weblink: https://tinyurl.com/y2fy94jt

6:00 PM Zee Entertain

Dial: +91 22 6280 1109

6:00 PM Sonata

Dial: +91 22 6280 1240 

Weblink: https://tinyurl.com/zcbremyn

Granules India : (replay)

https://www.researchbytes.com/webcast.aspx?WID=306412

Dixon Technolog : (replay)

https://www.researchbytes.com/webcast.aspx?WID=306414

Sapphire Foods : (replay)

https://www.researchbytes.

GAIL Review

CITI

Buy, TP Rs 250

Solid 1Q, with EBITDA coming in 33% ahead of est.

Beat driven by stronger-than-expected performance in gas transmission & gas trading segments, while petchem & LPG were weaker

Net income at Rs27bn(+93% yoy, +25% qoq)

UBS

Buy, TP Rs 250

Strong Q1 FY25 standalone EBITDA of Rs45.3bn

Outperformance driven by elevated earnings from gas transmission & gas trading segments.

Continue to flag that earnings growth prospects are not fully priced in

Tata Cons Review

CITI

Buy, TP Rs 1284

Mixed 1Q; India beverages biz (tea + NourishCo) a tad underwhelming 

Few +ves as well:

a) salt biz (8% vol. growth/9% value growth)

b) other foods biz (34% comparable growth)

c) Int. biz growth (10% YoY) 

d) non-branded growth (+33% YoY)

Jefferies

Hold, TP Rs 1190

Another weak qtr, especially in India business, both on rev & margins.

Tea biz key culprit, with NourishCo also disappointing Salt & Sampann however were bright spots along with Int. & unbranded

CITI on Indus Tower

Buy, TP Rs 500

1Q ahead of expectations, EBITDA up 11% qoq to Rs45bn, a 12% beat

Beat driven by higher provision reversal of Rs7.6bn (4Q: Rs3.7bn) pertaining to VI’s past dues

Indus now recovered Rs13bn of past dues, outstanding amount is Rs46bn

UBS on Indus Tower

Neutral, TP Rs 405

Q1 : In line revenues with EBITDA beat; Share buyback worth Rs26.4 bn

Management noted Bharti Airtel doesn’t indent to tender its share in Buyback

Navin Fluor Review

CITI

Buy, TP raised to Rs 4350

1Q EBITDA down 12% yoy, 9% qoq with weakness in agrochemical exports partly offset by higher sales (qoq) in pharma CDMO.

EBITDA margin was 19% vs 18% in 4Q & 23% in 1QFY24.

Mgmt expects improvement through FY25 

Jefferies

Downgrade to U-P, TP Rs 3000

PAT down 17% y/y & missed JEFe with specialty chem revenues declining 30% y/y suggesting product-specific weakness

New agrochem plant that cld add 20% to FY25 rev has been further delayed

Exide Review

CITI

Buy TP Rs 610

1Q disappointed

Had expected healthy demand momentum in 1Q, but reported rev much lower, indicating sluggish demand

Do not know if General Elections & heat wave had any impact on replacement demand

Progress on Lithium-ion cell plant as per plans

GS on Dixon

Sell, TP Rs 6740

Q1 EBITDA grew 88% yoy/36% qoq & above est.

Ramp-up in mobile phone segment in-line, although other segments has been soft

While mgt commentary +ve on higher value addition keep an eye on lower gross margins & relatively low operating cash flow

CLSA on Dixon

Downgrade to hold, TP raised to Rs 11400

Strong 1Q (PAT: +108% YoY) & expect this momentum to continue.

Mobile phones are likely to be mainstay in near term with ramp-up of existing contracts & new clients onboarding

Nomura on IndiaMart

Neutral, TP Rs 2520

1Q: mixed bag

Key +ve surprise - sharp increase in EBITDA margin to 36.1% (+870bp y-y)

Key -ve surprise - Weak net subscriber additions at 1,519 (vs 5k in 1QFY24 & 2.6k in 4QFY24

No end in sight to high churn of subscribers

IOC Review

UBS

Buy, TP Rs 210

Inventory gains aid earnings; GRMs lag

Two key factors impacted earnings:

Rs41bn of LPG under-recoveries for qtr 

Refining inventory gains of $$3.5/bbl 

Co reported GRM of $6.4/bbl Vs UBSe of $7.0/bbl

CITI

Buy, TP Rs 205

1Q EBITDA at Rs86bn (-17% qoq, -61% yoy) was 9% ahead of est.

GRMs came in at $6.4/bbl, down qoq from $8.4/bbl & below $7.3/bbl est.

Like its peers, IOCL’s 1Q was also impacted by Rs41bn of LPG under-recoveries

Nomura on Kansai Nerolac

Buy, TP Rs 375

1Q: Above est; Decorative/Performance coating demand muted/subdued, while Auto coating saw good demand

Margin performance better than leader; strong GPM expansion continued

Management expects demand across verticals to improve

Nomura on Cartrade

Buy, TP Rs 1112

On track to capitalize on strong potential in OLX

1Q EBITDA ahead across segments & margin tailwinds in place

Stock trades at 22x FY26F EV/EBITDA (factoring in 51% stake in SAMIL), which think is attractive

Major gainers: NTPC (2.03%), ONGC (1.54%), Asain Paints (1.35%), Shriram Finance (1.13%), Adani Ports (1.06%)

Major losers: Tata Consumer Products (-1.59%), Power Grid (-1.20%), Tata Motors (-0.82%), IndusInd (-0.69%), Axis Bank (-0.67%)

Nifty outlook:

The decline anticipated yesterday towards 24710/665 did not quite mature fully, as a latent buying interest kept retrieving prices on every attempt to slip. However, inability was also seen to consistently float above our upside marker of 24900 suggesting that we are stuck within the same bias and range as yesterday, with a higher odds for seeing 24710-665 region. However, an outright push past 24900/28 could signal revival, and chart a quick trajectory towards 25192. 

Derivative outlook:

Nifty weekly contract has highest open interest at 24500 for Calls and 24000 for Puts while monthly contracts have highest open interest at 24400 for Calls and 24400 for Puts. Highest new OI addition was seen at 24400 for Calls and 24600 for Puts in weekly and at 24400 for Calls and 24600 for Puts in monthly contracts. FIIs increased their future index long position holdings by 0.69%, decreased future index shorts by 2.27% and in index options by 5.42% decrease in Call longs, 4.03% increase in Call short, 11.11% decrease in Put longs and 1.19% increase in Put shorts. 

FX Monitor:

INR: The Indian rupee closed flat at 83.7275 against the U.S. dollar on Tuesday, holding above its all-time low due to mild dollar sales by state-run banks. The rupee traded in a tight range between 83.7275 and 83.7350. Despite recent pressure, near-term volatility remained low, indicating ongoing intervention by the Reserve Bank of India to prevent sudden declines.

USD: The dollar fell 0.03% to 104.55 after hitting a high of 104.79. The Federal Reserve is expected to hold rates steady on Wednesday but may hint at future rate cuts. Traders anticipate a rate cut in September and possibly more by year-end.

Crude oil futures traded higher on Wednesday morning as the industry report showed a decline in inventory level in the US for the week ending July 26. At 9.15 am on Wednesday, October Brent oil futures were at $79.19, up by 1.43 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $75.93, up by 1.61 per cent. August crude oil futures were trading at ₹6366 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹6292, up by 1.18 per cent, and September futures were trading at ₹6313 against the previous close of ₹6240, up by 1.17 per cent.

Ex-Dividend 01 Aug 2024 (Tomorrow) 

Last date for Cum-Dividend Today 

Aditya Birla Sun Life Amc Ltd 

Dividend Per Share Rs.13.5 

Previous day Closing Price – Rs. 706.35

Bayer Cropscience Ltd.\ 

Dividend Per Share Rs.35\ 

Previous day Closing Price – Rs. 6944.6 

Disa India Ltd. 

Dividend Per Share Rs.100 

Previous day Closing Price – Rs. 19954.2 

Emkay Global Financial Services Ltd. 

Dividend Per Share Rs.1.5 

Previous day Closing Price – Rs. 184.65 

Esab India Ltd. 

Dividend Per Share Rs.30 

Previous day Closing Price – Rs. 6437.6 

Greaves Cotton Ltd.\

Dividend Per Share Rs.2\

Previous day Closing Price – Rs. 177.45\ 

Hero Motocorp Ltd.\

Dividend Per Share Rs.40\u0009

Previous day Closing Price – Rs. 5446.9\u0009

\u0009

Ivp Ltd.\u0009

Dividend Per Share Rs.1\u0009

Previous day Closing Price – Rs. 203.9\u0009

\u0009

Karur Vysya Bank Ltd.\u0009

Dividend Per Share Rs.2.4\u0009

Previous day Closing Price – Rs. 231.75\u0009

\u0009

Kirloskar Oil Engines Ltd.\u0009

Dividend Per Share Rs.3.5\u0009

Previous day Closing Price – Rs. 1223.15\u0009

\u0009

Kovai Medical Center & Hospital Ltd.\u0009

Dividend Per Share Rs.10\u0009

Previous day Closing Price – Rs. 4363.2\u0009

\u0009

Kpt Industries Ltd\u0009

Dividend Per Share Rs.2.5\u0009

Previous day Closing Price – Rs. 870.7\u0009

\u0009

Mps Ltd.\u0009

Dividend Per Share Rs.45\u0009

Previous day Closing Price – Rs. 2137.2\u0009

\u0009

Nava Ltd\u0009

Dividend Per Share Rs.4\u0009

Previous day Closing Price – Rs. 895.85\u0009

\u0009

Oberoi Realty Ltd.\u0009

Dividend Per Share Rs.2\u0009

Previous day Closing Price – Rs. 1827.35\u0009

\u0009

Permanent Magnets Ltd.-$\u0009

Dividend Per Share Rs.1.8\u0009

Previous day Closing Price – Rs. 1062.35\u0009

\u0009

Tasty Bite Eatables Ltd.\u0009

Dividend Per Share Rs.2\u0009

Previous day Closing Price – Rs. 10208.95\u0009

\u0009

Tips Industries Ltd.\u0009

Dividend Per Share Rs.2\u0009

Previous day Closing Price – Rs. 633.15

CLSA on Persistent: Upgrade to Outperform on Company, raise target price at Rs 5525/Sh (Positive)

Macquarie on DMart: Maintain Outperform on Company, raise target price at Rs 5600/Sh (Positive)

Citi on GAIL: Maintain Buy on Company, raise target price at Rs 250/Sh (Positive)

Citi on Indus Tower: Maintain Buy on Company, raise target price at Rs 500/Sh (Positive)

Jefferies on Macrotech: Maintain Buy on Company, target price at Rs 1500/Sh (Positive)

Jefferies on IOCL: Maintain Hold on Company, raise target price at Rs 180/Sh (Positive)

Nomura on IOCL: Maintain Buy on Company, raise target price at Rs 195/Sh (Positive)

UBS on IOCL: Maintain Buy on Company, raise target price at Rs 210/Sh (Positive)

Jefferies on VBL: Maintain Buy on Company, raise target price at Rs 1800/Sh (Positive)

Citi on Cartrade: Maintain Buy on Company, target price at Rs 1075/Sh (Positive)

Nomura on FSL: Maintain Buy on Company, raise target price at Rs 300/Sh (Positive)

Nomura on Exide Ind: Maintain Buy on Company, target price at Rs 589/Sh (Positive)

Nomura on Kansai Nerolac: Maintain Buy on Company, target price at Rs 375/Sh (Positive)

MS on BEL: Maintain Overweight on Company, raise target price at Rs 375/Sh (Positive)

CLSA on Dixon tech: Downgrade to Hold on Company, raise target price at Rs 11400/Sh (Neutral) 

GS on Dixon tech: Maintain Sell on Company, raise target price at Rs 6740/Sh (Neutral) 

Nuvama on Dixon tech: Maintain Hold on Company, raise target price at Rs 12000/Sh (Neutral) 

Investec on Star Health: Maintain Sell on Company, target price at Rs 580/Sh (Neutral) 

CLSA on Sterlite Tech: Maintain Underperform on Company, target price at Rs 110/Sh (Neutral) 

GS on Tata Consumer: Maintain Neutral on Company, target price at Rs 1086/Sh (Neutral) 

Citi on Tata Consumer: Maintain Buy on Company, target price at Rs 1284/Sh (Neutral) 

Nomura on India Mart: Maintain Neutral on Company, target price at Rs 2520/Sh (Neutral)

The outlook is bullish for DLF. The corrective fall in place since April this year seems to have ended. The recent reversal from the low of ₹778.45 made on Budget Day is happening from near the 200-day moving average support. The share price is well above the key ₹855-₹865 resistance zone this week. Read more

The initial public offering of Akums Drugs and Pharmaceuticals that opened on Tuesday saw a robust response from retail and non-institutions (HNIs), as the issue was subscribed fully. Read more

Hexaware Technologies has announced a new delivery center in Manila, Philippines. The center expands Hexaware’s presence in the Philippines and will aim to tap into the talent pool in the region, leveraging it to offer digital transformation and operations solutions across geographies and sectors, according to a company release. The center will provide customer service, IT troubleshooting, and help desk support. Read more

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

Conference call Replay available in Various speeds !

Researchbytes Events Update

As of 07:19 AM Wednesday 31 July 2024

Can set alert for them at www.researchbytes.com 

8:30 AM Star Health and Allied Insurance

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/yuufysed

( Hosted by Adfactors )

10:00 AM Macrotech Developers

Dial: +91 22 6280 1197

Weblink: https://tinyurl.com/yc3vpwwj

10:30 AM Titagarh Rail

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/2s3a7ztr

11:00 AM Kansai Nerolac

Dial: +91 22 6280 1144

Weblink: https://tinyurl.com/2s3ryb6n

11:00 AM CARBORUNDUM UNIVERSAL

(Results, Press Release )

Dial: +91 22 6280 1214

Weblink: https://tinyurl.com/yxmjcwsc

11:00 AM GAIL

Dial: 02262801149

12:00 PM Jindal Drilling

Weblink: https://tinyurl.com/ybs6rky7

12:00 PM Arvind SmartSpaces

(Results, Investor/Analyst Presentation, Press Release )

Dial: +91 22 6280 1227

Weblink: https://tinyurl.com/mvj4kntp

12:00 PM Capital SFB Ltd

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/3jcwre8d

12:00 PM Shemaroo Ent

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/48rwxc9r

( Hosted by Valorem )

12:00 PM V2 Retail

Dial: +91 22 6280 1545 

Weblink: https://tinyurl.com/33wec8ve

12:15 PM Castrol

(Results)

Dial: +91 22 6280 1164

12:30 PM Manorama Indus

Dial: + 91226280 1107

Weblink: https://tinyurl.com/yc63c9cf

2:00 PM Ambuja Cements

Dial: +91 22 6280 1548 

Weblink: https://tinyurl.com/567jkuk2

2:00 PM ACC

(Results)

Dial: +91 22 6280 1548 

Weblink: https://tinyurl.com/3j6brt9m

2:00 PM Sanghi Ind

Dial: +91 22 6280 1548 

Weblink: https://tinyurl.com/3j6brt9m

2:30 PM Indus Towers

Weblink: https://tinyurl.com/bde8u2sw

3:00 PM Jain Irrigation

Dial: +91 22 6280 1136

Weblink: https://tinyurl.com/5bxfjv4w

3:00 PM TCPL Packaging

Dial: +91 22 6280 1141 

Weblink: https://tinyurl.com/mvhj4cvw

3:00 PM Jai Balaji Ind

Dial: +91 22 6280 1557

Weblink: https://tinyurl.com/2c94h3nh

3:30 PM TVS SUPPLY CHAI

Dial: +91 22 6280 1309

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3:30 PM Lloyds Metals and Energy

Dial: +91226280 1366

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4:00 PM Jindal Stainles

Dial: 91226280 1143

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4:00 PM eMudhra

Dial: +91 22 6280 1106

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4:00 PM ADF Foods

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6:00 PM M&M

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Granules India : (replay)

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CONS NET PROFIT UP 8% AT 67CR (YOY), DOWN 17% (QOQ)

REVENUE DOWN 1% AT 903.05CR (YOY) , DOWN 14% (QOQ)

EBITDA DOWN 4% AT 101.8CR (YOY), DOWN 15%(QOQ)Search and join stockaajorkal

MARGINS 11.27% V 11.64% (YOY), 11.41% (QOQ)

; SL NET PROFIT UP 25% AT 2724CR (QOQ), UP 93% (YOY)

REVENUE UP 4% AT 33692CR (QOQ) ,UP 5% (YOY)

EBITDA UP 27% AT 4528.05CR (QOQ), UP 86%(YOY)Search and join stockaajorkal

MARGINS 13.44% V 11% (QOQ), 7.55% (YOY)

Board gives approval for sale of Company’s unit comprising of a plot of land and factory premises situated at A-159, MIDC, Wagle Industrial Estate, Thane West (“Transaction”) to Sankalpan Architects Private Limited (“Buyer”), for a proposed consideration of Rs. 9 Crores approx. and for execution of a Memorandum of Understanding with the Buyer

The Transaction is expected to be completed within 6 months, upon execution of definitive documents basis the terms & conditions thereof. 

The aforementioned Company’s unit is decommissioned and the sale has no impact on the operations of the Company

:CONS NET PROFIT DOWN 14 % AT 64.2 CR (YOY), DOWN 18% (QOQ)

REVENUE UP 13 % AT 1808 CR (YOY) ,UP 3 % (QOQ)

EBITDA DOWN 16 % AT 95.8 CR (YOY),DOWN 17 %(QOQ) 

MARGINS AT 5.29 % V 7.1 % (YOY),6.6 % (QOQ)

CONS NET PROFIT DOWN ,10% AT 1.5CR (YOY), DOWN 51% (QOQ)

REVENUE DOWN 40% AT 119.3CR (YOY) , DOWN 88% (QOQ)

EBITDA DOWN 81% AT 1.38CR (YOY), DOWN 88%(QOQ) 

MARGINS 1.15% V 3.73% (YOY), 6.58% (QOQ)

SL NET PROFIT DOWN 7% AT 1.78CR (YOY), DOWN 4% (QOQ)

REVENUE UP 24% AT 12.47CR (YOY) , DOWN 13% (QOQ)

EBITDA UP 10% AT 3.5CR (YOY), DOWN 1%(QOQ) 

MARGINS 28.06% V 31.52% (YOY), 24.65% (QOQ)

CORE EPS $1.40, EST. $1.37

ORGANIC REV. +2%, EST. +3.43%

NET SALES $20.53B, EST. $20.74B

BEAUTY ORGANIC SALES +3%, EST. +2.59%

HEALTH CARE ORGANIC SALES +4%, EST. +4.65%

GROSS MARGIN 49.6%, EST. 49.4%

SEES 2025 ORGANIC REV. +3% TO +5%, EST. +3.86%

FABRIC & HOME CARE ORGANIC SALES +2%, EST. +3.85%

SEES 2025 CORE EPS $6.91 TO $7.05, EST. $6.96

SEES 2025 CORE EPS GROWTH +5% TO +7%

NET PROFIT DOWN 30% AT 0.63CR (YOY), DOWN 34% (QOQ)

REVENUE DOWN 4% AT 37.01CR (YOY) , DOWN 23% (QOQ)

EBITDA UP 10% AT 1.94CR (YOY), DOWN 16%(QOQ) 

MARGINS 5.21% V 4.57% (YOY), 4.82% (QOQ)

30 July 2024 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 136557.3 + 12376.91 Total: 148934.2

F&O Volume: 432377.5 + 204572.77 Total: 636950.3

Provisional Cash

FII/FPI: NET SELL: -5598.64 

(14451.86 - 20050.5) 

DII: NET BUY: +5565.1 

(18718.94 - 13153.84)

PTC INDIA FINANCIAL: 

Q1 SL NET PROFIT 444M RUPEES VS 368M (YOY); 138M (QOQ)

Q1 TOTAL REVENUE FROM OPS 1.6B RUPEES VS 1.9B (YOY)

Company has informed that the Bombay High Court in respect of Trademark infringement suit filed by the Company against Patanjali Ayurved Limited pronounced the order in favor of the Company and imposed Rs. 4.5 Crore costs on Patanjali Ayurved Limited and restrained Patanjali from selling of camphor cones.

Company considered and approved the proposal to divest its 34.93% holding held in Wishbook Infoservices Private Limited (Wishbook) on fully converted & diluted basis, through its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL)

BRITANNIA INDUSTRIES: CHANGE IN MANAGEMENT 

Mr. Vinay Singh Kushwaha, Chief Technical and Strategy Officer of the Company will be retiring with effect from close of business hours of 31st July, 2024. 

Mr. Manoj Balgi, Chief Procurement Officer will be re-designated as the Chief Manufacturing and Procurement Officer of the Company with effect from 1st August, 2024. 

Mr. Vinit Mahadevan, Head of Strategy and Business Development will become part of the Executive Committee and Senior Management Personnel of the Company with effect from 1st August, 2024.

The company said eMudhra Inc, a wholly-owned subsidiary company of eMudhra Ltd, has concluded and signed definitive agreements to acquire 100% ownership interest of Sendrcrypt Technologies Inc, USA, a email security product and solutions company for a consideration of US $ 3 million.

GRSE signs MoU with Medha Servo Drives Pvt Ltd: One more step towards Aatmanirbharta

CO. signed a Memorandum of Understanding (MoU) with 

Hyderabad-based M/s Medha Servo Drives Pvt Ltd for the joint manufacture of advanced electrical/electronic equipment and systems. Such equipment and systems, to be used both on naval and commercial platforms, will be manufactured under the joint brand name of Medha Servo Drives Pvt. Ltd. and GRSE.

CONS NET LOSS AT 17.05CR V 1.02CR LOSS (YOY) , V 13.9CR LOSS (QOQ)

REVENUE UP 1% AT 154.4CR (YOY) , DOWN 22% (QOQ)

EBITDA LOSS AT 13.35CR V 7.83CR PROFIT (YOY), 9.7CR LOSS (QOQ) 

MARGINS -8.64% V 5.1% (YOY), -4.93% (QOQ)

CONS NET PROFIT DOWN 39% AT 0.33CR (YOY), DOWN 28% (QOQ)

REVENUE DOWN 77% AT 10.4CR (YOY) , DOWN 20% (QOQ)

EBITDA DOWN 83% AT 0.39CR (YOY), UP 86%(QOQ) 

MARGINS 3.75% V 5.21% (YOY), 1.61% (QOQ)

SL NET PROFIT AT 8.58CR V 8.7CR LOSS (YOY), UP 58% (QOQ)

REVENUE UP 121% AT 79CR (YOY) , DOWN 1% (QOQ)

EBITDA AT 14.05CR V 14.4CR LOSS (YOY), UP 49%(QOQ) 

MARGINS 17.8% V -40.14% (YOY), 11.81% (QOQ)

CONS NET PROFIT UP 162% AT 16.34CR (YOY), UP 354% (QOQ)

REVENUE UP 57% AT 415CR (YOY) ,UP 40% (QOQ)

EBITDA UP 56% AT 55.45CR (YOY), UP 77%(QOQ) 

MARGINS 13.36% V 13.49% (YOY), 10.61% (QOQ)

INDIAMART INTERMESH: Q1 CONS NET PROFIT 1.14B RUPEES VS 831M (YOY)

INDIAMART INTERMESH: Q1 EBITDA 1.20B RUPEES VS 773M (YOY) || Q1 EBITDA MARGIN 36.07% VS 27.40% (YOY)

BIG BEAT

NET PROFIT AT 113 CR V 99.4 CR (YOY)

REVENUE AT 551 CR V 550 CR (YOY)

EBITDA AT 140 CR V 141 CR (YOY)

MARGINS AT 25.4 % V 25.8 % (YOY)

Domestic consumption increase FOR benzene based chemistry 

Benzene comes from discretionary segment 

Domestic volume growth up 20% MoM 

Imports near-all time lows for benzene based products 

AlClearing forward charges increase from 20-30% from China

ACE, ADANIPOWER, AMBUJACEM, ASTERDM, BANKBARODA, BARBEQUE, BHEL, BSOFT, COALINDIA, CROMPTON, DEEPAKFERT, ELECTCAST, ELGIEQUIP, FINOPB, GET&D, GODREJPROP, GREENPLY, IMFA, JBMA, JKLAKSHMI, KPRMILL, KRBL, LAXMIMACH, M&M, MANKIND, MARUTI, NUVOCO, ONMOBILE, PRESTIGE, PRICOLLTD, REDINGTON, RELAXO, RITES, SONATSOFTW, SUNDRMFAST, TATAINVEST, TATASTEEL, TEAMLEASE, THOMASCOOK, TRACXN, ZEEL

AMBUJACEM

* Revenue expected at Rs 8344 crore versus Rs 8712 crore

* EBITDA expected to be seen at Rs 1464 crore versus Rs 1699 crore

* EBITDA margin expected to be seen at 17.54% versus 19.50%

* Net profit expected to be seen at Rs 893 crore versus Rs 905 crore

BANKBARODA

* NII expected at Rs 11,760 crore versus Rs 10,996 crore

* EBIT expected to be seen at Rs 7872 crore versus Rs 7824 crore

* EBIT margin expected to be seen at 52.02% versus 54.64%

* Net profit expected to be seen at Rs 4629 crore versus Rs 4070 crore

BHEL

* Revenue expected at Rs 5790 crore versus Rs 4818 crore

* EBITDA expected to be seen at Rs 151 crore versus Rs (334) crore

* EBITDA margin expected to be seen at 2.60% versus (6.93) %

* Net profit expected to be seen at Rs 113 crore versus Rs (343) crore

BSOFT

* Rupee Revenue expected at Rs 1383 crore versus Rs 1362 crore

* EBIT expected to be seen at Rs 197 crore versus Rs 200 crore

* EBIT margin expected to be seen at 14.24% versus 14.68%

* Net profit expected to be seen at Rs 162 crore versus Rs 180 crore

COALINDIA

* Revenue expected at Rs 36,156 crore versus Rs 35,983 crore

* EBITDA expected to be seen at Rs 10,614 crore versus Rs 10,513 crore

* EBITDA margin expected to be seen at 29.35% versus 29.21%

* Net profit expected to be seen at Rs 8044 crore versus Rs 7971 crore

GODREJPROP

* Revenue expected at Rs 1095 crore versus Rs 936 crore

* EBITDA expected to be seen at Rs 160 crore versus Rs (149) crore

* EBITDA margin expected to be seen at 14.61% versus (15.91) %

* Net profit expected to be seen at Rs 276 crore versus Rs 124 crore

M&M

* Revenue expected at Rs 28,486 crore versus Rs 24,056 crore

* EBITDA expected to be seen at Rs 3918 crore versus Rs 3547 crore

* EBITDA margin expected to be seen at 17.54% versus 19.50%

* Net profit expected to be seen at Rs 2700 crore versus Rs 2773 crore

MARUTI

* Revenue expected at Rs 34,540 crore versus Rs 33,328 crore

* EBITDA expected to be seen at Rs 4027 crore versus Rs 2983 crore

* EBITDA margin expected to be seen at 11.65% versus 8.95%

* Net profit expected to be seen at Rs 3295 crore versus Rs 2485 crore

RITES

* Revenue expected at Rs 542 crore versus Rs 544 crore

* EBITDA expected to be seen at Rs 139 crore versus Rs 161 crore

* EBITDA margin expected to be seen at 25.64% versus 29.59%

* Net profit expected to be seen at Rs 104 crore versus Rs 101 crore

TATASTEEL

* Revenue expected at Rs 56,987 crore versus Rs 59,489 crore

* EBITDA expected to be seen at Rs 6327 crore versus Rs 5173 crore

* EBITDA margin expected to be seen at 11.10% versus 8.69%

* Net profit expected to be seen at Rs 985 crore versus Rs 620 crore

Q1FY25 EARNING CALENDAR 01.08.2024

ABCAPITAL, ADANIENT, ADANIPORTS, AKZOINDIA, ALKYLAMINE, APTUS, ARVINDFASN, BOMDYEING, CLEAN, DABUR, DATAMATICS, EMAMILTD, ESCORTS, GESHIP, GODREJAGRO, GRINFRA, HPL, INDGN, ITC, IXIGO, JTEKTINDIA, KALYANKJIL, KCP, KSB, MAXHEALTH, NEULANDLAB, NIITMTS, ORIENTELEC, PARADEEP, PRINCEPIPE, RAILTEL, REPCOHOME, RTNPOWER, SOMANYCERA, SUNPHARMA, SURAJEST, SURYODAY, TATAMOTORS, THERMAX, TRIVENI, WELENT, ZOMATO

ADANI ENT

* Revenue expected at Rs 30,154 crore versus Rs 25,438 crore

* EBITDA expected to be seen at Rs 3825 crore versus Rs 2524 crore

* EBITDA margin expected to be seen at 12.68% versus 9.92%

* Net profit expected to be seen at Rs 1164 crore versus Rs 673 crore

The Meeting of the Board of Directors of HCC will be held on Monday, August 05, 2024, at Mumbai, inter alia, to consider and approve the following matters:

1. The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2024.

2. Raising of funds by way of issuance of Equity Shares through Qualified Institutions Placement (QIP Issue), subject to all such regulatory I statutory approvals as may be required.

Pursuant to the Company’s Code of Conduct for prevention of Insider Trading, the Trading Window for dealing in the Company’s securities is already closed from Monday, July 01, 2024 for all Designated Persons of the Company and will open 48 hours after the aforesaid financial results are declared to the Stock Exchanges.

Q1 SL NET PROFIT 1.5B RUPEES VS 866M (YOY); 911M (QOQ)

Q1 REVENUE 4.9B RUPEES VS 3.79B (YOY)

Q1 EBITDA 2.1B RUPEES VS 1.24B (YOY) || Q1 EBITDA MARGIN 43.36% VS 32.58% (YOY)

Q1 CONS NET PROFIT 283M RUPEES VS 91M (YOY); 513M (QOQ)

Q1 REVENUE 2.4B RUPEES VS 1.29B (YOY)

Q1 EBITDA 411M RUPEES VS 160M (YOY) || Q1 EBITDA MARGIN 17.38% VS 12.395% (YOY)

Q1 SL NET PROFIT 3.2B RUPEES VS 2.88B (YOY); 1.4B (QOQ)

Q1 NET PREMIUM EARNED 35.2B RUPEES VS 30.4B (YOY)

Q1 CONS NET PROFIT 150M RUPEES VS 150M (YOY); 259M (QOQ)

Q1 REVENUE 1.2B RUPEES VS 1.12B (YOY)

Q1 EBITDA 196M RUPEES VS 219M (YOY) || Q1 EBITDA MARGIN 16.12% VS 19.50% (YOY)

PARAS DEFENCE: CO SAYS OBTAINED INDUSTRIAL LICENSE FROM GOVT FOR ESTABLISHING AN INDUSTRIAL UNDEAKING FOR MANUFACTURING OF HOLOGRAPHIC SIGHTS AND INFRARED BASED COOLED AND UNCOOLED THERMAL VISION DEVICES - CAMERAS

; CONS NET PROFIT UP 21% AT 10.4CR (YOY), DOWN 26% (QOQ)

REVENUE UP 6% AT 179.13CR (YOY) ,UP 1% (QOQ)

EBITDA UP 7% AT 19.14CR (YOY), DOWN 21%(QOQ) 

MARGINS 10.68% V 10.55% (YOY), 13.77% (QOQ)

TORRENT POWER Q1; CONS NET PROFIT UP 87% AT 996.34CR (YOY), UP 123% (QOQ)

REVENUE UP 23% AT 9033.7CR (YOY) ,UP 38% (QOQ)

EBITDA UP 57% AT 1858CR (YOY), UP 68%(QOQ) 

MARGINS 20.56% V 16.17% (YOY), 16.98% (QOQ)

👉Net profit down 16.8% at ₹51.2 cr vs ₹62 cr (YoY)

👉Revenue up 6.6% at ₹523.7 cr vs ₹491.2 cr (YoY)

👉EBITDA down 12.1% at ₹100.4 cr vs ₹114.2 cr (YoY)

👉Margin at 19.2% vs 23.3% (YoY)

ADJUSTED EPS 69C, EST. 68C

REVENUE $5.8B, EST. $5.73B

ADJUSTED OPERATING INCOME $1.26B, EST. $1.25B

R&D EXPENSES $1.58B, EST. $1.58B

CAPEX $154M, EST. $127.1M

ADJUSTED OPERATING MARGIN 22%, EST. 21.8%

SEES 3Q REVENUE $6.4B TO $7B, EST. $6.62B

(NUMBERS ARE INLINE, HOWEVER CUT GUIDANCE FOR REVENUE. STOCK UP BY 6.68% AFTER MARKET HOURS)

EPS $2.95, EST. $2.90

REVENUE $64.7B, EST. $64.52B

CLOUD REVENUE $36.8B, EST. $36.84B

INTELLIGENT CLOUD REVENUE $28.52B, EST. $28.72B

(NUMBERS SEEN IN LINE, HOWEVER TRAILED ON CLOUD REVENUE. STOCK DOWN 6.6% AFTER MARKET HOURS)

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14:30 EURO CPI Flash Estimate y/y (Expected: 2.5% versus Previous: 2.5%)

17:45 U.S. ADP Non-Farm Employment Change (Expected: 164K versus Previous: 150K)

19:30 U.S. Pending Home Sales m/m (Expected: 1.4% versus Previous: -2.1%)

23:30 U.S. Federal Funds Rate (Expected: 5.50% versus Previous: -5.50%)

00:00 U.S. FOMC Press Conference

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Torrent Power clocked an 87 per cent increase in profits for the first quarter of financial year 2024-25. The company’s profit after tax grew to Rs ₹996 crore from Rs ₹532 crore during the same period last year. “Increase in contribution from merchant power sales in gas-based plants and increase in contribution from licenced distribution businesses, contributed to the increased PAT,” stated the company in an official release. Read more