Stock Market Live Updates: Sensex, Nifty expected to open lower; market to remain volatile as US poll results trickle in

Issue Period:- 06- November-24 to 07- November -24

For Non- Retail ( QIB +HNI ) open & close date -06-November-24(Today) 

For Retail open & close date – 07- November -24

Floor Price: INR “505.00”

Closing Price on date of announcement: Rs. 559.45\u0009

Current Market Price: 559.45

Base Issue size: 5.28 Crs Shares – 1.25% of O/S Capital

Green Shoe Issue size: 5.28 Crs Shares – 1.25% of O/S Capital

Total Issue Size: 10.56 Crs equity shares (INR 5334.00 Cr) – 2.50% of O/s Capital

Non-Retail Portion (QIB + HNI) - 90% of Offer Size - Bidding on 06- November-24 (Today) 

Total Issue Size: 9.51 Crs shares (INR 4801.02 Cr)

Retail Portion - 10% of Offer Size - Bidding on 07- November -24

Total Issue Size: 1.06 Crs equity shares (INR 533.45 Cr)

Note : Upto Rs 2 lacs bids are classified as Retail and above non retail ( QIB + HNI )

Gift Nifty at 24,268 indicates a downward bias for Nifty at open on Wednesday. However, Gift Nifty has been volatile as the US election results start trickling in. Analysts expect the market to remain volatile. According to them, the recent trading pattern indicates that India is isolated from global markets with FPIs selling relentlessly. The weaker-than-expected performance from India Inc in Q2 also added to the negative sentiment.

Voltamp Transformers: Company has received Letter of Intent from Gujarat Energy Transmission Corporation Limited, for Rs 263.33 Crore for supply of various ratings of Power Transformers. (Positive) 

Infosys: Southwark council collaborates with co to provide digital learning platforms for residents, colleges, and schools (Positive) 

RVNL: Company’s JV emerges as lowest bidder for project worth Rs 6.13 billion (Positive) 

Route Mobile: L&T Metro Rail Hyderabad launches RCS-based ticketing and google wallet services in partnership with route mobile and Billeasy (Positive) 

Rites: Consortium emerges as L-1 in tender floated by Delhi metro rail corporation, gets order worth Rs 363.6 Million. (Positive) 

Vascon: Company anticipates strong execution momentum in the EPC segment, targeting an order book of INR 1,500 Cr for the year. (Positive) 

Premier Explosives: Company has secured order worth of Rs. 89.20 Crores order from Singareni Collieries Company (Positive) 

RRP Semiconductor: Company awarded order of 439.90 Cr from Telecrown Infratech Private Limited, Pune Maharashtra (Positive) 

Uttam Sugar: Company has boosted cane crushing capacity at its Khaikheri unit from 4700 TCD to 5500 TCD (Positive) 

RVNL/HFCL: Aerial Telecom Solutions JV emerges as the lowest bidder from BSNL for Bharat Net Project worth Rs 5008 cr (Positive) 

NTPC: Investment Approval for Telangana Super Thermal Power Project, Phase-II (3X800 MW) at an appraised current estimated cost of INR 29,344.85 Crore (Positive) 

Wonderla Holidays: Company reported its second-highest Q2 revenue since inception with 4.51 lakh footfalls. (Positive) 

Gensol Engineering: Solar EPC Order Book Crosses INR 5,400 Crore As On 31St October ‘24. (Positive) 

Steel Strips Wheels: Company announces the launch of its new aluminum steering knuckle, with commercial production (Positive) 

Hero MotoCorp: Company outlines expansion plans for Europe and UK, plans to enter multiple European markets by H2 (Positive) 

Mankind Pharma: Net profit at Rs 653.5 cr vs Rs 501 cr, Revenue at Rs 3076.5 cr vs Rs 2708.1 cr (YoY) (Positive) 

Jenburkt Pharma: Net profit at Rs 9.6 cr vs Rs 7.3 cr, Revenue at Rs 41.2 cr vs Rs 38.3 cr (YoY) (Positive) 

Fiberweb: Net profit at Rs 3.5 cr vs Rs 1.3 cr, Revenue at Rs 25.0 cr vs Rs 20.6 cr (YoY) (Positive) 

Waaree Renewable: Net profit at Rs 53.5 cr vs Rs 20.6 cr, Revenue at Rs 520 cr vs Rs 150 cr (YoY) (Positive) 

PB Fintech: Net profit at Rs 50.7 cr vs loss Rs 20.3 cr, Revenue at Rs 1167 cr vs Rs 812 cr (YoY) (Positive) 

Manappuram Fin: Net profit at Rs 570.65 cr vs Rs 558.38 cr, NII at Rs 1635 cr vs Rs 1365 cr (YoY) (Neutral) 

Datamatics Global: Net profit at Rs 42.4 cr vs Rs 49.3 cr, Revenue at Rs 410 cr vs Rs 380 cr (YoY) (Neutral) 

Berger Paints: Net profit at Rs 270 cr vs Rs 291 cr, Revenue at Rs 2774.6 cr vs Rs 2767.3 cr (YoY) (Neutral) 

Jenburkt Pharma: Net profit at Rs 9.6 cr vs Rs 7.3 cr, Revenue at Rs 41.2 cr vs Rs 38.3 cr (YoY) (Neutral) 

Gail: Net profit at Rs 2671.93 cr vs Rs 2723.98 cr, Revenue at Rs 32912 cr vs Rs 33674 cr (QoQ) (Neutral) 

Balmer Lawrie: Net profit at Rs 62.5 cr vs Rs 63.8 cr, Revenue at Rs 640 cr vs Rs 590 cr (YoY) (Neutral) 

Oil India: Net profit at Rs 1834.07 cr vs Rs 1466.84 cr, Revenue at Rs 5246 cr vs Rs 5332 cr (QoQ) (Neutral) 

Sundaram Fastener: Net profit at Rs 143 cr vs Rs 133 cr, Revenue at Rs 1486 cr vs Rs 1421 cr (YoY) (Neutral) 

Eclerx: Net profit at Rs 135 cr vs Rs 136 cr, Revenue at Rs 832 cr vs Rs 722 cr (YoY) (Neutral) 

JK Tyre: Net profit at Rs 135 cr vs Rs 242 cr, Revenue at Rs 3621 cr vs Rs 3898 cr (YoY) (Neutral) 

Indian Energy Exchange: Company achieves 9,642 MU electricity traded volume in Oct ‘24, up 4% YoY. (Neutral) 

Max Healthcare: Commences operations …

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

Conference call Replay available in Various speeds !

Researchbytes Events Update

As of 07:24 AM Wednesday 06 November 2024

Can set alert for them at www.researchbytes.com 

8:00 AM PB Fintech

Weblink: https://tinyurl.com/yc5bzxcc

10:00 AM Muthoot Microfin Limited

Dial: +91226280 1366

Weblink: https://tinyurl.com/4zcy589p

11:00 AM CCL Products

Dial: +91 22 6280 1304

Weblink: https://tinyurl.com/mheuj5m7

11:00 AM Chemplast

Dial: +91 22 6280 1309 

Weblink: https://tinyurl.com/exvd4aun

11:00 AM Oil India

Dial: +91 22 6280 1342

Weblink: https://tinyurl.com/yd3smfbd

11:00 AM GAIL

Dial: 9122 6280 1143

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

11:30 AM Triveni Engg

Dial: +91 22 6280 1141

Weblink: https://tinyurl.com/3ee7axpv

12:00 PM Saregama India

(Results, Investor/Analyst Presentation, Press Release )

Dial: +91 22 6280 1325

Weblink: https://tinyurl.com/mrxdbxsn

2:00 PM 3i Infotech

(Investor/Analyst Presentation)

Dial: +91 22 6280 1107

Weblink: https://tinyurl.com/4rtbw5sj

3:00 PM Intense Tech

Dial: +91 22 6280 1141

Weblink: https://tinyurl.com/yw65r4d2

3:00 PM Wonderla

Dial: +91 22 6280 1144

Weblink: https://tinyurl.com/mtkmkxsb

3:00 PM Alkyl Amines

Dial: +91 22 6280 1148 

3:30 PM JK Tyre and Indu

(Conference Transcript (Text))

Dial: +91 22 6280 1325

Weblink: https://tinyurl.com/323n4jan

4:00 PM Raymond

(Results, Investor/Analyst Presentation, Press Release )

Weblink: https://tinyurl.com/yc7sx95y

4:00 PM Aptus Value Housing

Dial: +91 22 6280 1116

Weblink: https://tinyurl.com/2p9pxn9s

4:00 PM Amara Raja Batt

Dial: +91 22 6280 1230

Weblink: https://tinyurl.com/ptsj2c3h

4:00 PM Asahi Songwon

Dial: +91 22 6280 1341

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

( Hosted by Investment Lab )

4:00 PM Dhampur Bio Org

Dial: +91 22 6280 1480 

Weblink: https://tinyurl.com/53p2yfx8

5:00 PM eClerx Services

Weblink: https://tinyurl.com/mtkyppjz

5:00 PM TeamLease Ser.

Dial: +91 22 6280 1458

Weblink: https://tinyurl.com/29awfcdm

5:00 PM Timken

Dial: +91 22 6280 1230

Weblink: https://tinyurl.com/4bn372uk

5:00 PM Granules India

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/5nk653m6

6:30 PM Aadhar Housing Finance

Weblink: https://tinyurl.com/69udrd6h

JK Tyre and Indu : (replay)

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

Datamatics Glob : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313208

Mazagon Dock Ltd : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313207

Foods and Inns : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313210

Titan Company : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313209

DCM Shriram : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313206

20 Microns : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313172

Tilaknagar : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313182

Vascon Engineer : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313170

Shankara Buildi : (replay)

https://www.researchbytes.com/webcast.aspx?WID=313171

Results today …

https://www.researchbytes.com/Default.aspx?cc=result

Recent interviews …

https://www.researchbytes.com/Default.aspx?cc=interview

Replays available at www.researchbytes.com

SJVN Ltd.: Q2-FY25 and H1-FY25 results first cut: Robust operating performance partially offset by higher finance cost

CMP: Rs113 | TP: Rs144 | Rating: Hold (under review)

Revenue: Q2-FY25 revenue at Rs 10,263 mn, up 16.8% YoY and up 17.9% QoQ. H1-FY25 revenue at Rs 18,966 mn, up 22.1% YoY.

EBITDA: Q2-FY25 EBITDA at Rs 8,284 mn, up 17.3% YoY and up 24.1% QoQ. H1-FY25 EBITDA at Rs 14,959 mn, up 23.7% YoY.

Net income: Q2-FY25 net income at Rs 4,411 mn, up 0.3% YoY and up23.5% QoQ. H1-FY25 net income at Rs 7,982 mn, up 12.2% YoY.

Gross power generated: Q2-FY25 power generated was 4,728 mn KWh, up 11.5% YoY and up 43.6% QoQ. H1-FY25 power generated was 8,020 mn KWh, up 26.4% YoY.

Margin profile: Q2-FY25 EBITDA margin was at 80.7% versus 80.4% in Q2-FY24 and 76.7% in Q1-FY25. H1-FY25 EBITDA margin was at 78.9% versus 77.8% in H1-FY24.

Q2-FY25 net income margin was at 43% versus 50.1% in Q2-FY24 and 41% in Q1-FY25. H1-FY25 net income margin was at 42.1% versus 45.8% in H1-FY24.

Our view: SJVN’s Q2-FY25 operating performance was stronger on a YoY basis helped by a 14% increase in installed capacity to 2,377 MW coupled with a cyclically strong quarter. However, bottom line came in flat due to higher finance costs.

We shall re-visit our estimates post the concall at 4:30 pm today.

5 November 2024

Provisional Cash Rs. In Crs.

FII/FPI: NET SELL: -2569.41 

(11851.47 - 14420.88) 

DII: NET BUY: +3030.96 

(12616.72 - 9585.76)

Novo Nordisk A/S (Pre market) (Sector- Healthcare)

CVS Health Corporation (Pre market) (Sector- Healthcare)

Sempra (Pre market) (Sector- Energy)

American Electric Power Company, Inc. (Pre market) (Sector- Power)

Johnson Controls International plc (Pre market) (Sector- Capital Goods)

Cencora, Inc. (Pre market) (Sector- Healthcare)

Howmet Aerospace Inc. (Pre market) (Sector- Defense)

Iron Mountain Incorporated (Pre market) (Sector- Real Estate)

CGI Inc (Pre market) (Sector- Technology)

Teva Pharmaceutical Industries Limited (Pre market) (Sector- Healthcare)

Royalty Pharma plc (Pre market) (Sector- Healthcare)

Brookfield Infrastructure Partners LP (Pre market) (Sector- Miscellaneous)

MarketAxess Holdings, Inc. (Pre market) (Sector- Financial)

QUALCOMM Incorporated (Post market) (Sector- Technology)

Gilead Sciences, Inc. (Post market) (Sector- Healthcare)

McKesson Corporation (Post market) (Sector- Healthcare)

Williams Companies, Inc. (Post market) (Sector- Energy)

Applovin Corporation (Post market) (Sector- Technology)

Energy Transfer L.P. (Post market) (Sector- Energy)

Manulife Financial Corp (Post market) (Sector- Financial)

Fair Isaac Corporation (Post market) (Sector- Technology)

Corteva, Inc (Post market) (Sector- Chemicals)

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

Take-Two Interactive Software, Inc. (Post market) (Sector- Technology)

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

Texas Pacific Land Corporation (Post market) (Sector- Energy)

Franco-Nevada Corporation (Post market) (Sector- Metal)

Nutrien Ltd. (Post market) (Sector- Chemicals)

Ameren Corporation (Post market) (Sector- Power)

PTC Inc. (Post market) (Sector- Technology)

STERIS plc (Post market) (Sector- Healthcare)

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

TKO Group Holdings, Inc. (Post market) (Sector- Media)

Sun Communities, Inc. (Post market) (Sector- Real Estate)

Fidelity National Financial, Inc (Post market) (Sector- Financial)

GFL Environmental Inc. (Post market) (Sector- Miscellaneous)

Marathon Oil Corporation (Post market) (Sector- Energy)

Albemarle Corporation (Post market) (Sector- Chemicals)

15:00 U.K. Construction PMI (Expected: 55.3 versus Previous: 57.2)

19:30 Euro ECB President Lagarde Speaks