Stock Market Live Updates: Markets to open with downward bias; US polls, Fed meet in focus

Nifty November futures down by 1.16% to 24,114 at a premium 119 points.

Nifty November futures open interest up by 5.13%.

Nifty Bank November futures down by 0.76% to 51,552 at a premium of 337 points.

Nifty Bank November futures open interest up 2.7%.

Nifty Options November 7 Expiry: Maximum call open interest at 27,000 and maximum put open interest at 22,450. 

Bank Nifty Options November 6 Expiry: Maximum call open Interest at 60,500 and maximum put open interest at 43,000.

Tuesday, 5 November, 2024 (Today)

Derivative Segment

• Berger Paints (I) Ltd

• Dr. Reddy’s Lab Ltd

• Manappuram Fin Ltd

• Titan Comp Ltd

• GAIL (Ind) Ltd

Cash Segment

• Alkyl Amines Ltd.

• Aptus Value Ltd.

• PB Fintech Ltd.

• Timken Ind Ltd.

• Oil Ind Ltd.

• SJVN Ltd.

• POWERGRID Infra Invest.

• K.P.R. Mill Ltd.

• Mankind Pharma Ltd.

• Mazagon Dock Ltd.

• Triveni Engineering Ltd.

• Chemplast Sanmar Ltd.

• eClerx Services Ltd.

• CCL Products (Ind) Ltd.

• Sundram Fasteners Ltd.

• Max Healthcare Ltd.

Wednesday, 6 November, 2024

Derivative Segment

• Gujarat Gas Ltd

• Apollo Hospitals Ltd

• Granules Ind Ltd

• Jindal Steel & Power Ltd

• Chambal Fertilizers Ltd

• Power Grid Corp Ltd

• Tata Steel Ltd

Cash Segment

• Blue Star Ltd.

• Endurance Tech Ltd.

• Kansai Nerolac Ltd.

• Rites Ltd.

• Trident Ltd.

• Gujarat Pipavav Ltd.

• JB Chem & Pharma Ltd.

• JK Lakshmi Cement Ltd.

• Usha Martin Ltd.

• FDC Ltd.

• Sonata Software Ltd.

Thursday, 7 November, 2024

Derivative Segment

• Cummins Ltd

• Escorts Ltd

• Page Indus Ltd

• Trent Ltd

• Lupin Ltd

• Abbott Ind Ltd

• Mahindra & Mahindra Ltd

• Steel Authority of Ind Ltd

• Aditya Birla Fashion Ltd

• Astral Ltd

• Indian Hotels Ltd

Cash Segment

• Indigo Paints Ltd.

• Akzo Nobel Ind Ltd.

• NHPC Ltd.

• RHI Magnesita Ltd.

• Alembic Pharma Ltd.

• Clean Science Ltd.

• Emami Ltd.

• Gujarat State Petro Ltd.

• Aavas Financiers Ltd.

• Great Eastern Shipping Ltd.

• GMM Pfaudler Ltd.

• Ircon Ltd.

• MMTC Ltd.

• Prince Pipes Ltd.

• Rail Vikas Nigam Ltd.

• Linde Ind Ltd.

• NCC Ltd.

• Shyam Metalics Ltd.

• Caplin Point Ltd.

• GR Infraprojects Ltd.

Friday, 8 November, 2024

Derivative Segment

• Tata Motors Ltd

• State Bank of Ind

• Info Edge (Ind) Ltd

• MRF Ltd

• Ashok Leyland Ltd

• Aarti Indus Ltd

• Metropolis Healthcare Ltd

Cash Segment

• Esab Ind Ltd.

• Latent View Analytics Ltd.

• Chola Fin Hold Ltd.

• Motherson Sumi Ltd.

• Equitas Small Fin Ltd.

• Action Construction Ltd.

• Life Insurance Corp

• Relaxo Footwears Ltd.

• ZF Commercial Vehicle Ltd.

• The Ind Cements Ltd.

• Jupiter Wagons Ltd.

• Fine Organic Indus Ltd.

• Fortis Healthcare Ltd.

• CE Info Systems Ltd.

• Star Cement Ltd.

• Welspun Corp Ltd.

Saturday, 9 November, 2024

Derivative Segment

• Asian Paints Ltd

• Divi’s Lab Ltd

• Aurobindo Pharma Ltd

Cash Segment

• HBL Power Ltd.

• Krishna Institute Ltd

Monday, 11 November, 2024

Derivative Segment

• Hindalco Indus Ltd

• Shree Cement Ltd

• Gujarat Narmada Ltd

• Britannia Indus Ltd

• Balrampur Chini Mills Ltd

• Jubilant Foodworks Ltd

• Oil & Natural Gas Corp Ltd

• Hindustan Copper Ltd

• The Ramco Cements Ltd

Cash Segment

• Vaibhav Global Ltd.

• Bank Of Ind

• Devyani Int Ltd.

• Elgi Equipments Ltd.

• Zydus Wellness Ltd.

• Blue Dart Express Ltd.

• BEML Ltd.

• Triveni Turbine Ltd.

Tuesday, 12 November, 2024

Derivative Segment

• Bosch Ltd

• Samvardhana Motherson Ltd

• Zydus LifeSci Ltd

Cash Segment

• BASF Ind Ltd.

• Suven Pharma Ltd.

• Medplus Health Ltd.

• GSFC Ltd.

• 3M Ind Ltd.

• Cera Sanitaryware Ltd.

• Finolex Cables Ltd.

• Kirloskar Oil Engines Ltd.

• CESC Ltd.

• Natco Pharma Ltd.

• PNC Infratech Ltd.

• Ingersoll-Rand Ltd.

Wednesday, 13 November, 2024

Derivative Segment

• Deepak Nitrite Ltd

• PI Indus Ltd

Cash Segment

• HEG Ltd.

• Kalyan Jewellers Ltd.

• Happiest Minds Ltd.

• KSB Ltd.

• Thermax Ltd.

• Astrazeneca Pharma Ltd.

• NBCC (Ind) Ltd.

Thursday, 14 November, 2024

Derivative Segment

• Grasim Indus Ltd

• Hindustan Aero Ltd

• IPCA Laboratories Ltd

• Hero MotoCorp Ltd

• Crompton Greaves Ltd

• Glenmark Pharma Ltd

Cash Segment

• Honasa Consu Ltd.

• E.I.D. - Parry (Ind) Ltd.

• Lemon Tree Ltd.

Ex/dividend: Care Rating, Coal India, Sasken Technology, Dr Lal Path Labs.

Ex/stock split: Premier Poly (Face value split from Rs 5 to Re 1.

Moved in short term ASM: Usha Martin Education and Solutions

Afcons Infrastructure: Goldman Sachs Funds, Jupiter India Funds bought 25 lakh shares, Nomura Funds Ireland Plc Nomura Funds Ireland India Equity Fund bought 18.44 lakh shares and Nomura India Investment Fund Mother Fund bought 31 lakh shares.

Block Deals

Trent: Dodona Holdings sold 12 lakh shares (0.33%) at Rs 6985 apiece, Siddhartha Yog bought 12 lakh shares (0.33%) at Rs 6985 apiece.

ICICI Bank -0.58%

HDFC Bank -1.09%

Infosys -0.19%

Wipro -1.08%

Dr Reddy’s Lab -0.38%

Credit growth is trending down and on an annual basis, deposit growth has outpaced credit offtake for the first time in the last 30 months. Additionally, when comparing growth rates with December 2023, deposit growth has continued to outpace credit offtake.

Credit offtake increased by 8.0% compared to December 2023, reaching Rs 172.4 lakh crores as of October 18, 2024. Mortgages and MSMEs account for the bulk of this increase. However, the growth slowdown compared to last year can be attributed to a higher base effect due to the merger and RBI measures such as higher risk weights and the proposed LCR norms. 

Deposits rose at 8.6% compared to December 2023, reaching Rs 218.1 lakh crore as of October 18, 2024. This growth can be attributed to rising term deposit rates of Scheduled Commercial Banks (SCBs).

The Short-term Weighted Average Call Rate (WACR) has decreased to 6.43% as of October 18, 2024, compared to 6.74% as of October 27, 2023, indicative of surplus liquidity.

Investors globally are bracing for heightened market volatility as the US heads into a closely contested presidential election between Donald Trump and Kamala Harris, with voting on November 5th. Meanwhile, Q2 earnings results from major companies like Berger Paints, Dr. Reddy’s, and Titan are set to be released the same day, adding to the market’s uncertainty. Intense FIIs selling in October, which saw over ₹1.14 lakh crore pulled from Indian equities, has further fueled concerns. Traders are advised to remain cautious, with sell positions recommended on both Nifty and Bank Nifty, while selective stocks like Lupin and Bank of Baroda are viewed positively for the short term.

Nomura on KEC: Maintains Buy on Company, target price at Rs 1030/Sh (Positive)

MS on Apollo Hospitals: Maintains Overweight on Company, target price at Rs 7110/Sh (Positive)

Citi on * HDFC Bank:* Maintains Buy on Company, target price at Rs 1990/Sh (Positive)

Citi on OMCs: OMC stocks at an attractive re-entry point (Positive)

Citi on Exide: Maintains Buy on Company, cut target price at Rs 540/Sh (Neutral)

Nuvama on Exide: Maintains Hold on Company, cut target price at Rs 460/Sh (Neutral)

Nomura on Exide: Maintains Buy on Company, cut target price at Rs 589/Sh (Neutral)

Nuvama on Amara Raja: Maintains Buy on Company, cut target price at Rs 1580/Sh (Neutral)

UBS on ABB: Maintains Neutral on Company, target price at Rs 9100/Sh (Neutral)

Nomura on ABB: Maintains Neutral on Company, target price at Rs 8260/Sh (Neutral)

Citi on IGL: Maintains Buy on Company, target price at Rs 525/Sh (Neutral)

Citi on Bata India: Maintains Sell on Company, target price at Rs 1050/Sh (Negative) 

Bernstein on India Strategy: Growth expectations have moderated from 9% to 0.6%. (Negative) 

GS on Gland Pharma: Maintains Sell on Company, target price at Rs 1450/Sh (Negative)

Domestic markets are likely to open with a downward bias on Tuesday amid mixed global cues ahead of the US poll outcome.

Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities, said: Investors geared up for a busy week as a double dose of potentially market-moving events is expected during the week that includes the US presidential election and the Federal Reserve’s monetary policy meeting.”

SEBI has ordered suspension of Aravind Maiya, the CEO of Embassy REIT’s manager firm Embassy Office Parks Management Services, and appointment of an interim CEO with immediate effect. SEBI’s direction follows a National Financial Reporting Authority (NFRA) order that barred Maiya for 10 years from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate. It also imposed ₹50 lakh penalty on Maiya. The direction will take effect immediately and will be in force until further orders. Read more

In response to the SEBI directive on Monday ordering the suspension of Aravind Maiya as CEO of Embassy Office Parks REIT in connection with an earlier involvement as an auditor to Coffee Day Enterprises and found guilty of misconduct, Embassy REIT said in an exchange filing - 

“While we are reviewing the order and evaluating all options, in compliance with SEBI’s directive, effective immediately, Aravind Maiya will be stepping down as CEO of Embassy REIT. He will assume the role of Head of Strategy for Embassy REIT.

The REIT’s board, and the management team will oversee all its operations and capital allocation to ensure that normal business is not compromised in any manner whatsoever, while evaluating the most appropriate approach for the interim CEO position.”

The statement added that Embassy REIT was the foundation of the REIT asset class in India. “The REIT’s strong management team in place, will continue to be focused on delivering exceptional results, as evidenced by REIT’s recent H1 2025 performance. The business is in great shape and the REIT’s stock performance is a reflection of the strong fundamentals in the sector.

Our focus remains on upholding the highest standards in governance and ensuring the continued success of Embassy REIT.”

Ex-Dividend 06 Nov 2024 (Tomorrow) 

Last date for Cum-Dividend Today 

ADF Foods Ltd. 

Dividend Per Share Rs.0.6 

Previous day Closing Price – Rs. 294.95 

Ajanta Pharma Ltd. 

Dividend Per Share Rs.28 

Previous day Closing Price – Rs. 2996.25 

Alldigi Tech Ltd 

Dividend Per Share Rs.30 

Previous day Closing Price – Rs. 984.1 

Cyient Limited 

Dividend Per Share Rs.12 

Previous day Closing Price – Rs. 1840.45 

Hindustan Unilever Ltd. 

Special Dividend Per Share Rs.10 

Dividend Per Share Rs.19\u0009

Previous day Closing Price – Rs. 2525.9\u0009

\u0009

Laurus Labs Ltd\u0009

Dividend Per Share Rs.0.4\u0009

Previous day Closing Price – Rs. 487.5\u0009

\u0009

LT Foods Ltd.\u0009

Dividend Per Share Rs.0.5\u0009

Previous day Closing Price – Rs. 399.3\u0009

\u0009

Nippon Life India Asset Management Ltd\u0009

Dividend Per Share Rs.8\u0009

Previous day Closing Price – Rs. 704.65\u0009

\u0009

Railtel Corporation Of India Ltd\u0009

Dividend Per Share Rs.1\u0009

Previous day Closing Price – Rs. 407.5\u0009

\u0009

Siyaram Silk Mills Ltd.\u0009

Dividend Per Share Rs.4\u0009

Previous day Closing Price – Rs. 616.35

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

Conference call Replay available in Various speeds !

Researchbytes Events Update

As of 07:34 AM Tuesday 05 November 2024

Can set alert for them at www.researchbytes.com 

10:00 AM KEC Intl

Dial: +91 22 6280 1213

Weblink: https://tinyurl.com/3jn928eb

10:00 AM Tube Investment

(Results, Press Release )

Dial: +91 22 6280 1259

Weblink: https://tinyurl.com/msramnht

10:00 AM ABB India

Dial: +91 22 6280 1376 

Weblink: https://tinyurl.com/553sxjs5

11:00 AM SAI SILKS

(Results)

Dial: +91 22 6280 1458 

Weblink: https://tinyurl.com/2fpwu2eb

11:00 AM Shankara Buildi

(Results, Press Release )

Dial: +91 22 6280 1116 

Weblink: https://tinyurl.com/mt5pvrzv

11:00 AM Aeroflex Indust

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/yv2wrhux

11:00 AM Trucap Finance

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/yzks8p75

( Hosted by Adfactors )

11:00 AM IRFC

Dial: +91 22 62801384

Weblink: https://tinyurl.com/5axnz3d6

11:30 AM Tilaknagar

Dial: +91 22 6280 1141

Weblink: https://tinyurl.com/3sye7z2c

11:30 AM Vascon Engineer

(Results, Investor/Analyst Presentation)

Dial: +91 22 6280 1256

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

12:00 PM 20 Microns

Dial: 044 4770 0313

2:00 PM Chaman Lal Seti

Weblink: https://tinyurl.com/mr3z9hdb

3:00 PM Narayana Hruda

Weblink: https://tinyurl.com/2utaf9a8

4:00 PM DCM Shriram

Dial: + 91 22 6280 1141

Weblink: https://tinyurl.com/543j7rkn

4:30 PM Titan Company

Weblink: https://tinyurl.com/dzs3ceaz

4:30 PM Sterlite Techno

(Results, Investor/Analyst Presentation, Press Release )

Weblink: https://tinyurl.com/yc886ene

4:30 PM Foods and Inns

Dial: +91 22 7115 8057

Weblink: https://tinyurl.com/28zvucjk

5:00 PM Manappuram Fin

Dial: +91 22 6280 1149

Weblink: https://tinyurl.com/mwmrk8sb

5:00 PM Mazagon Dock Ltd

Dial: +91 22 6280 1304 

Weblink: https://tinyurl.com/5bc2557p

5:30 PM Berger Paints

Weblink: https://tinyurl.com/mrydpcwd

6:00 PM MANKIND PHARMA

(Press Release )

Dial: +91 22 6280 1102 

Weblink: https://tinyurl.com/v3m4pfn2

7:30 PM Dr Reddys Labs

Dial: +91 22 6280 1219

Weblink: https://tinyurl.com/2vkf3jat

Blue Jet Health : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313134

Vardhman Text : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313131

Automotive Axle : (replay)

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AGS Transact Techno : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313091

Steel Str Wheel : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313074

CARBORUNDUM UNIVERSAL : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313087

ADF Foods : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313006

Protean eGov Te : (replay)

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Results today …

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Recent interviews …

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Replays available at www.researchbytes.com

Viswajit Srinivasan, a senior banker of Indian origin based out of UK who specialises in sustainable finance and energy transition on Cairn Oil & Gas, part of Vedanta Group, committing to effective reduction of methane emissions, further accelerating its efforts to decarbonise its operations

The OGMP framework provides a scientific framework to credibly demonstrate progress towards methane reduction targets that have been set and this is in line with the Paris agreement. The Global Methane pledge was adopted in COP26 and countries that were part of the pledge agreed to reduce methane emissions by 30% by 2030. A number of National Oil companies globally have joined the OGMP 2.0 framework and are also part of the Oil and Gas Climate initiative. Cairn’s entry into this very elite club of companies which have adopted the OGMP framework will mean regular (annual) reporting on emissions and potentially a commitment to reach Level 5 reporting (most rigorous reporting) within a 3-5 year timeframe. This should encourage industry peers in India to also consider adopting the framework and moving towards higher quality of reporting of methane emissions.

👉Net profit up 21.4% at ₹440.5 cr vs ₹363 cr (YoY)

👉Revenue up 5.2% at ₹2,912.2 cr vs ₹2,769.1 cr (YoY)

👉EBITDA up 23.2% at ₹540.2 cr vs ₹438.5 cr (YoY)

👉Margin at 18.6% vs 15.8% (YoY)

#GlandPharma reports #Q2Results 

👉Net profit down 15.7% at ₹163.5 cr vs ₹194 cr (YoY)

👉Revenue up 2.4% at ₹1,405.8 cr vs ₹1,373.4 cr (YoY)

👉EBITDA down 8.4% at ₹297 cr vs ₹324.1 cr (YoY)

👉Margin at 21.1% vs 23.6% (YoY)

AmaraRaja reports #Q2Results 

👉Net profit up 6.3% at ₹240.7 cr vs ₹226.4 cr (YoY)

👉Revenue up 11.6% at ₹3,135.8 cr vs ₹2,811.1 cr (YoY)

👉EBITDA up 7.5% at ₹440.7 cr vs ₹409.8 cr (YoY)

👉Margin at 14.1% vs 14.6% (YoY)

JINDALSTEL

* Revenue expected at Rs 11632 crore versus Rs 12250 crore

* EBITDA expected to be seen at Rs 2078 crore versus Rs 2285 crore

* EBITDA margin expected to be seen at 17.86% versus 18.66%

* Net profit expected to be seen at Rs 791 crore versus Rs 1387 crore

POWERGRID

* Revenue expected at Rs 11522 crore versus Rs 11267 crore

* EBITDA expected to be seen at Rs 10542 crore versus Rs 9870 crore

* EBITDA margin expected to be seen at 91.50% versus 87.60%

* Net profit expected to be seen at Rs 3968 crore versus Rs 3781 crore

RITES

* Revenue expected at Rs 551 crore versus Rs 582 crore

* EBITDA expected to be seen at Rs 120 crore versus Rs 137 crore

* EBITDA margin expected to be seen at 21.78% versus 23.67%

* Net profit expected to be seen at Rs 100 crore versus Rs 101 crore

TATASTEEL

* Revenue expected at Rs 53734 crore versus Rs 55681 crore

* EBITDA expected to be seen at Rs 4980 crore versus Rs 4267 crore

* EBITDA margin expected to be seen at 9.27% versus 7.66%

* Net profit expected to be seen at Rs 139 crore versus Rs 702 crore

USHAMART

* Revenue expected at Rs 880 crore versus Rs 784 crore

* EBITDA expected to be seen at Rs 161 crore versus Rs 144 crore

* EBITDA margin expected to be seen at 18.30% versus 18.37%

* Net profit expected to be seen at Rs 109 crore versus Rs 107 crore

ALKYLAMINE, APTUS, BALMLAWRIE, BERGEPAINT, CCL, CEIGALL, CHEMPLASTS, DATAMATICS, DRREDDY, ECLERX, EVERESTIND, GAIL, JKTYRE, KPRMILL, MANAPPURAM, MANKIND, MAXHEALTH,MAZDOCK, MUTHOOTMF, OIL, POLICYBZR, RAYMONDLSL, SJVN, SUNDRMFAST, TIMKEN, TITAN, TRIVENI, WAAREERTL, WONDERLA, XPROINDIA

BERGEPAINT

* Revenue expected at Rs 2832 crore versus Rs 2767 crore

* EBITDA expected to be seen at Rs 457 crore versus Rs 473 crore

* EBITDA margin expected to be seen at 16.14% versus 17.12%

* Net profit expected to be seen at Rs 283 crore versus Rs 291 crore

DRREDDY 

* Revenue expected at Rs 7658 crore versus Rs 6902 crore

* EBITDA expected to be seen at Rs 2145 crore versus Rs 2013 crore

* EBITDA margin expected to be seen at 28.00% versus 29.17%

* Net profit expected to be seen at Rs 1418 crore versus Rs 1482 crore

GAIL 

* Revenue expected at Rs 33848 crore versus Rs 33673 crore

* EBITDA expected to be seen at Rs 4256 crore versus Rs 4528 crore

* EBITDA margin expected to be seen at 12.57% versus 13.45%

* Net profit expected to be seen at Rs 2600 crore versus Rs 2424 crore

MNAPPURAM

* NII expected at Rs 1502 crore versus 2043 Rs crore

* EBIT expected to be seen at Rs 994 crore versus Rs 849 crore

* EBIT margin expected to be seen at 66.85% versus 62.70% 

* Net profit expected to be seen at Rs 519 crore versus Rs 558 crore

MANKIND 

* Revenue expected at Rs 3071 crore versus Rs 2708 crore

* EBITDA expected to be seen at Rs 794 crore versus Rs 686 crore

* EBITDA margin expected to be seen at 25.85% versus 25.34%

* Net profit expected to be seen at Rs 614 crore versus Rs 501 crore

MAXHEALTH 

* Revenue expected at Rs 2056 crore versus Rs 1363 crore

* EBITDA expected to be seen at Rs 550 crore versus Rs 387 crore

* EBITDA margin expected to be seen at 26.75% versus 28.39%

* Net profit expected to be seen at Rs 369 crore versus Rs 276 crore

POLICYBZR

* Revenue expected at Rs 1080 crore versus Rs 811 crore

* EBITDA expected to be seen at Rs 18 crore versus Rs -89 crore

* EBITDA margin expected to be seen at 1.67% versus -10.98%

* Net profit expected to be seen at Rs 45 crore versus Rs -20 crore

TITAN

* Revenue expected at Rs 13259 crore versus Rs 12529 crore

* EBITDA expected to be seen at Rs 1493 crore versus Rs 1411 crore

* EBITDA margin expected to be seen at 11.26% versus 11.26%

* Net profit expected to be seen at Rs 935 crore versus Rs 916 crore

Q2FY25 EARNING CALENDAR 06.11.2024

AADHARHFC, APOLLOHOSP, AVALON, BLUESTARCO, CHAMBLFERT, DELTACORP, DHANUKA, ENDURANCE, FDC, GANDHAR, GEPIL, GPPL, *GRANULES, GUJGASLTD, GULFOILLUB, HITECH, IPL, JBCHEPHARM, JINDALSTEL, JKLAKSHMI, JYOTISTRUC, KANSAINER, KIRLFER, KPEL, KPGEL, KPIGREEN, MMWL, NEULANDLAB, POWERGRID, PRICOLLTD, RAIN, RITES, RPSGVENT, SBCL, SONATSOFTW, TARC, TATASTEEL, TEAMLEASE, THANGAMAYL, TRIDENT, USHAMART

APOLLOHOSP

* Revenue expected at Rs 5513 crore versus Rs 4846 crore

* EBITDA expected to be seen at Rs 772 crore versus Rs 627 crore

* EBITDA margin expected to be seen at 14.00% versus 12.95%

* Net profit expected to be seen at Rs 363 crore versus Rs 232 crore

CHAMBLFERT

* Revenue expected at Rs 4935 crore versus Rs 5385 crore

* EBITDA expected to be seen at Rs 705 crore versus Rs 615 crore

* EBITDA margin expected to be seen at 14.28% versus 11.42%

* Net profit expected to be seen at Rs 446 crore versus Rs 381 crore

GRANULES

* Revenue expected at Rs 1015 crore versus Rs 1189 crore

* EBITDA expected to be seen at Rs 209 crore versus Rs 213 crore

* EBITDA margin expected to be seen at 20.59% versus 17.90%

* Net profit expected to be seen at Rs 93 crore versus Rs 102 crore

GUJGASLTD

* Revenue expected at Rs 3806 crore versus Rs 3845 crore

* EBITDA expected to be seen at Rs 435 crore versus Rs 496 crore

* EBITDA margin expected to be seen at 11.50% versus 12.91%

* Net profit expected to be seen at Rs 251 crore versus Rs 296 crore

BUY

TP Rs1990

HDB Files for Rs125bn IPO; 3-4x

Post Issue Networth Translates to 2.8-4.3% of HDFCB Mkt Cap

HDB Financial (HDB), subsidiary of HDFC Bank (94.4% stake), files for IPO (fresh issue – Rs25bn, OFS – Rs100bn) to comply with the NBFC-UL mandatory listing requirement by Sep’25

HDB may consider pre-IPO placement up to 20% of fresh issue.

HDB is one of the leading, diversified retail-focused Upper Layer NBFCs with gross loans of Rs986bn (>20% CAGR over FY22-H1FY25), generating RoA of 3% and RoE of 19%

Operating across Enterprise Lending (39.85% of gross loans), Asset Finance (37.36%), and Consumer Finance (22.79%) helps it generate 14.0-14.2% yields

AAA credit rating provides access to borrowings at 7.6-7.9%, thus garnering 7.5% NIM

Granular low-ticket lending with widespread network leads to opex/assets at 3.8-3.9%

Credit cost is in the 1.5-1.8% range

Assigning 3-4x PB to HDB post-issue equity translates to 2.8-4.3% of HDFB’s market cap.

04 November 2024 (Rs. In Crs.)

Turnover: (NSE + BSE)

Cash Volume: 98171.71 + 6144.39 Total: 104316.1

F&O Volume: 338712.89 + 13299904.85 Total: 13638617.74

Provisional Cash

FII/FPI: NET SELL: -4329.79 

(13786.39 - 18116.18) 

DII: NET BUY: +2936.08 

(12449.82 - 9513.74)

Ferrari N.V. (Pre market) (Sector- Automobile)

Apollo Global Management, Inc. (Pre market) (Sector- Financial)

Thomson Reuters Corp (Pre market) (Sector- Technology)

Emerson Electric Company (Pre market) (Sector- Capital Goods)

Marathon Petroleum Corporation (Pre market) (Sector- Energy)

Cummins Inc. (Pre market) (Sector- Automobile)

MPLX LP (Pre market) (Sector- Energy)

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

Yum! Brands, Inc. (Pre market) (Sector- Hotels)

Targa Resources, Inc. (Pre market) (Sector- Enegry)

DuPont de Nemours, Inc. (Pre market) (Sector- Chemicals)

Restaurant Brands International Inc. (Pre market) (Sector- Hotels)

Archer-Daniels-Midland Company (Pre market) (Sector- FMCG)

Broadridge Financial Solutions, Inc. (Pre market) (Sector- Financial)

GlobalFoundries Inc. (Pre market) (Sector- Technology)

Fortis Inc. (Pre market) (Sector- Power)

Builders FirstSource, Inc. (Pre market) (Sector- Construction)

Westlake Corporation (Pre market) (Sector- Chemicals)

Expeditors International of Washington, Inc. (Pre market) (Sector- Logistics)

Telefonica Brasil S.A. (Pre market) (Sector- Technology)

Fresenius Medical Care AG (Pre market) (Sector- Healthcare)

TopBuild Corp. (Pre market) (Sector- Construction)

UL Solutions Inc. (Pre market) (Sector- Miscellaneous)

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

Microchip Technology Incorporated. (Post market) (Sector- Technology)

International Flavors & Fragrances, Inc. (Post market) (Sector- FMCG) 

Pembina Pipeline Corp. (Post market) (Sector- Energy)

Devon Energy Corporation (Post market) (Sector- Energy)

Prudential Public Limited Company (Post market) (Sector- Financial)

Jack Henry & Associates, Inc (Post market) (Sector- Technology)

Kinross Gold Corporation (Post market) (Sector- Metal)

Exact Sciences Corporation (Post market) (Sector- Healthcare)

American Financial Group, Inc. (Post market) (Sector- Financial)

Assurant, Inc. (Post market) (Sector- Financial)

Globus Medical, Inc. (Post market) (Sector- Healthcare)

Centrais Electricas Brasileiras S.A. (TENT) (Sector- Power)

U.S. Presidential Elections

19:30 U.S. ISM Service PMI (Expected: 53.8 versus Previous: 54.9)

Niva Bupa Health Insurance Company has fixed the price band of ₹70-74 a share for its forthcoming initial public offering that will open on November 7 and close on November 11.

Indian Railway Catering and Tourism Corporation (IRCTC) reported a 4.5 per cent increase in standalone net profit to ₹307.8 crore for the quarter ending September 30, 2024. Net profit in the year-ago-period stood at ₹294.7 crore. 

As the outstanding dues of Adani Power with Bangladesh swell up to almost $1 billion, the company could start curtailing electricity supply to India’s neighbour beginning next week. However, a complete shutdown of the supply looks unlikely.

The capital market regulator SEBI is expected to roll-out stringent product criteria for new players entering the mutual fund business through the MF Lite regulations.

To encourage more entrants into passive asset management, SEBI had issued a consultation paper to reduce the networth and profit track record criteria for companies interested only in managing assets passively.

I’m holding the following options: Reliance 1360-call bought for ₹33 and ICICI Bank 1290-call bought for ₹35. Kindly advise whether I should hold or exit – Nagaraj Read more

After forging a joint venture with MG Motors to enter the auto sector, Sajjan Jindal-led JSW Group is in talks with another Chinese company, Haier Group, for a foray into the electronics space.