Share Market Highlights August 13, 2024: Sensex tanks 692 pts; Nifty ends below 24,150

The rupee witnessed range-bound trading and settled for the day on a flat note at 83.97 (provisional) against the US dollar on Tuesday, as weak domestic markets and a surge in crude oil prices weighed on investor sentiments.

Forex traders said risk aversion in the global markets amid heightened geopolitical tension in the Middle East between Israel and Iran also dented sentiments.

At the interbank foreign exchange market, the local unit traded in a tight range as it opened at 83.95 and finally settled at 83.97 (provisional) against the American currency, unchanged from its previous close.

Top gainers:

Titan (1.93%), Apollo Hospitals (1.50%), Tata Consumer Products (0.86%), Dr Reddy’s Lab (0.78%), Nestle India (0.55%) 

Top losers:

BPCL(-3.54%), HDFC Bank (-3.26%), HDFC Life (-2.78%), Shriram Finance (-2.53%), ONGC (-2.14%)

Lambodhara Textiles Limited has appointed Ramakrishnan Baba Chandrasekar as Chairman of the company w.e.f. September 11, 2024.

Stocks advanced on BSE at 3 pm on August 13, 2024, were 1,269 against 2,640 stocks that declined; 98 stocks remain unchanged. Total stocks traded were 4,007. The number of stocks that recorded a 52-week high was 239, and those that hit a 52-week low was 33. 

In addition, 286 stocks traded in upper circuit and 284 stocks hit the lower circuit.

Coal India Limited (CIL) has paved the way for allowing supplies beyond Annual Contracted Quantity (ACQ) to thermal power plants of the country including independent power plants (IPP). 

Stock trades flat at ₹521.30 on the NSE.

BSE Sensex traded at 78,963.83, plunged by 685.09 pts or 0.86% as at 2.47 pm, and Nifty 50 traded at 24,128.90, down by 218.10 pts or 0.9%.

Magadh Sugar & Energy has appointed Manoj Prasad as Chief Financial Officer of the company w.e.f. August 14, 2024.

Hindalco Industries has appointed Bharat Goenka as ‘Chief Financial Officer - Designate’ with effect from September 23, 2024.

Fertilizers and Chemicals Travancore reported its standalone net loss for the quarter ended June 2024 at ₹48.67 crore as against the profit of ₹71.81 crore in the corresponding quarter last year. 

Stock tumbles 6.31% on the NSE, trading at ₹930.55.

Easy Trip Planners recorded its standalone net profit for the quarter ended June 2024 at ₹34.29 crore as against ₹26.18 crore in the corresponding quarter last year.

Shares rose 2.28% on the NSE, trading at ₹40.01

LTIMindtree has received an Order from Department of Goods and Service Tax, Office of the Deputy Commissioner of State Tax, Mumbai u/s Section 73 of the Maharashtra Goods & Services Tax Act, 2017 raising a tax demand amounting to INR 624 million (including penalty of INR 30 million and interest as applicable) for FY 2019-20

Stock trades at ₹5,367.35 on the NSE, down by 0.61%.

Electronics Mart India Limited has commenced the commercial operations of a new multi-brand store in Delhi

Shares trade flat on the NSE at ₹228.90

Mahindra and Mahindra Financial Services has received a tax penalty order from the Uttar Pradesh Government imposing a total penalty demand of ₹0.99 crore primarily alleging excess claim of GST input tax credit by it. Stock declines by 1.64% on the NSE, trading at ₹293.85.

GR Infraprojects has received a Letter of Intent from REC Power Development and Consultancy for establishment of the ₹53.77-crore transmission scheme for the integration of the Tumkur-II REZ in Karnataka. Shares were down by 1.06% on the NSE, trading at ₹1,581.65

KPI Green Energy shares traded at the lower circuit of ₹1,043.90 on the NSE, down by 5%, following the announcement of QIP launch on August 12. The floor price has been fixed at ₹983.24 per share.

Oberoi Realty shares declined by 3.92% on the NSE, trading at ₹1,743.05. The company on Monday said the National Company Law Tribunal has approved its resolution plan for Nirmal Lifestyle Realty, and it will pay ₹230 crore to the creditors of the bankrupt firm.

Western India Plywoods (20%),

Dynacons Systems (17.94%)

Inox Wind (6.78%)

Fortis (5.19%)

Suzlon (2.90%)

TVS Motor (2.28%)

Federal Bank (1.72%)

Inventurus Knowledge Solutions Ltd, a technology-enabled healthcare solutions provider and a care enablement platform assisting physician enterprises in the US, Canada and Australia, with a focus on the US markets, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).

JSW Steel shares trade flat on the NSE at ₹917.20 on board’s approval to acquire up to 66.67 per cent economic interest in Australian company M Res NSW HCC Pty Ltd for $120 million

Vodafone Idea shares fall 2.31% on the NSE, trading at ₹15.64. It reported a reduction of 18 per cent year on-year in consolidated net loss to ₹6,432 crore in the first quarter of the financial year 2024-2025. The telco reported a net loss of ₹7,840 in the first quarter of the 2023-2024 fiscal.

Top gainers: Titan (2.34%), Apollo Hospitals (1.82%), Sun Pharma (0.99%), Coal India (0.92%), Dr Reddy’s Lab (0.84%)

Top losers: HDFC Bank(-2.98%), BPCL (-1.96%), HDFC Life (-1.66%), Grasim (-1.51%), Tata Motors (-1.45%)

Of 3,877 stocks traded on the BSE at 12 noon on August 13, 2024, 1,767 advanced, against 1,974 stocks that declined; 136 stocks remained unchanged. While 225 stocks recorded a 52-week high was 225, 26 hit a 52-week low. 

In addition, 255 stocks traded in the upper circuit and 206 stocks hit the lower circuit.

“Despite markets remaining volatile, SoftBank-backed Unicommerce eSolutions listed above the street expectations backed by investors’ confidence after receiving overwhelming subscription demand. Strong listing is justified due to Unicommerce being the largest ecommerce enabled SaaS provider and only profitable company in this space with no listed peers. Hence, we continue to believe the company to command a premium valuation multiple and is well positioned to capitalize on the expanding e-commerce enablement sector. Hence, we recommend allotted investors continue to “HOLD” Unicommerce eSolutions shares with a long term perspective.”

Unicommerce eSolutions made a spectacular debut on the stock market, listing at Rs. 235 per share, a staggering 117% premium over its issue price of Rs. 108. This blockbuster performance far exceeded pre-listing expectations, fueled by the massive oversubscription of 168.35 times and a robust grey market premium.

The company’s strong market position as a leading e-commerce enablement SaaS platform, coupled with its proven track record of profitable growth, solidified investor confidence. While challenges like competitive pressures and negative cash flows remain, the initial market response highlights the immense potential of Unicommerce eSolutions in the burgeoning e-commerce ecosystem.

This exceptional listing underscores the company’s strong fundamentals and growth prospects. However, investors are advised to consider some profit booking at this level, and those who want to hold it may keep a stop loss at 210.

Post listing view on Firstcry

Firstcry, India’s leading online retailer for baby and child care products, made a strong debut on the stock market, listing at Rs. 651 per share. This translates to a significant 40% gain over its issue price of Rs. 465, surpassing even the optimistic pre-listing expectations reflected in the healthy grey market premium.

The IPO was moderately subscribed at 12.22 times, indicating decent investor interest. However, the strong listing performance reflects a renewed confidence in the company’s growth prospects, despite the ongoing profitability challenges.

While Firstcry’s market leadership and strong brand position are undeniable, investors should remain cautious about the company’s path to profitability. The reliance on third-party manufacturers and negative cash flows remain areas of concern that require close monitoring.

#TTKPrestige approved a ₹200 crore share buyback at ₹1,200 per share, a 19% premium over the August 12 closing price, with August 14 as the record date.

Inox Wind shares hit 52-week high today, track live updates here

Majority of Adani stocks rebound, track live updates here

Global index provider Morgan Stanley Capital International (MSCI) has announced the removal of the freeze on Adani Group stocks, a move that comes amid ongoing scrutiny following the Hindenburg Research allegations.

Starting with the August 2024 Index Review, MSCI will implement changes. The adjustments will include updates to the Number of Shares (NOS), Foreign Inclusion Factor (FIF), and Domestic Inclusion Factor (DIF) for Adani Group and associated securities.

According to the announcement, these changes will take effect at the close of August 30 and will be fully implemented by September 2. MSCI clarified that it will also resume the regular implementation of corporate events for these securities from September 2 onwards.

ANI

Sundaram Finance reports a 7% rise in disbursements at Rs. 6,908 crore for the first quarter of this fiscal. Net profit for Q1FY25 was up by 9% at Rs.308 crore. Net interest income rose 20%. The Gross and Net NPA stood at 2.21% and 1.41% respectively as of June 30, 2024, as against 2.96% and 2.00% as .of June 30, 2023.

Indian stock markets opened marginally lower on Tuesday, reflecting mixed global sentiment and recent domestic economic data. The BSE Sensex began trading at 79,576.14, down 72.78 points or 0.09%, while the Nifty opened at 24,320.35, dropping 26.65 points or 0.11%. 

At 10:30 am, the Sensex was trading at 79,506.06, down 142.86 points or 0.18% lower. Nifty was at 24,278.65, down 68.35 points or 0.28 per cent. Read more

Marine Electricals (India) has entered into a MOU with Cummins India for the purpose of Developing Business opportunities that would be mutually Beneficial.

Stock trades at ₹286.75 on the NSE, down by 5%, also its lower circuit.

YieldWiseX Technologies Pvt Ltd, a wholly-owned subsidiary of Aurum PropTech Ltd, has made an application for a Small and Medium Real Estate Investment Trust (SM-REIT) named “WiseX SM REIT” to SEBI.

Aurum stock slid by 0.84% on the BSE, trading at ₹194.60

Veefin Group of Companies acquires Nityo Tech Pvt Ltd, India arm of Nityo Singapore, to lead Digital Transformation in the BFSI sector. 

Veefin Solutions stock rises 1.82% on the BSE, trading at ₹518.45.

Max Financial Services said the Delhi High Court has declined to admit a petition alleging that Axis Bank & its group companies have made undue profits/ gain from the purchase and sale of the equity shares of the material subsidiary of the Company i.e. Max Life Insurance Company Ltd (“Max Life”).

HC has disposed the matter noting that the matter is under the consideration of concerned regulators and has directed them to complete their inquiry expeditiously and in accordance with the law. 

Stock trades flat on the NSE at ₹1,080.

Zee Entertainment Enterprises is considering the receipt of remittance of $23900000 from Resonance Opportunities Fund, St. John’s Wood Fund Ltd and Ebisu Global Opportunities Fund (‘Investors’) towards subscription of 5% coupon, unsecured, unlisted, foreign currency convertible bonds of $1000 each maturing in 10 years (“FCCBs”), the Securities Issue and Allotment Committee of the Company has, inter-alia, considered and approved the allotment of FCCBs on a private placement basis to Investors.

Zee stock trades flat on the NSE at ₹136.94

Top gainers: Apollo Hospitals (1.58%), Bharti Airtel (1.06%), ICICI Bank (0.68%), Cipla (0.68%), Britannia (0.60%)

Top losers: HDFC Bank (-2.41%), BPCL(-1.78%), Shriram Finance (-1.29%), Tata Motors (-0.85%), HDFC Life (-0.72%)

; Update On Considering receipt of remittance of USD 23900000 from Resonance Opportunities Fund, St. John’s Wood Fund Limited and Ebisu Global Opportunities Fund (‘Investors’) towards subscription of 5% coupon, unsecured, unlisted, foreign currency convertible bonds of USD 1000 each maturing in 10 years (“FCCBs”

Co. considered and approved the allotment of FCCBs on a private placement basis to Investors.

Nomura on Voltas

Buy Call, Target Rs 1,511

Q1 Results Showed Strong Performance Across Segments

High Structural Growth Visibility In AC Should Drive 20%/15% Ind Volume Growth In FY25/26

Low Inventory Levels Post Strong Summer Season Should Drive 20%/15% Ind Volume Growth

Co’s Strategy To Prioritse Market Share Gains Over Margin Will Help It Grow Ahead Of Industry

Macquarie on Voltas

Neutral, TP Rs 1390

1Q: UCP margins disappoint; Project biz surprise drives EBITDA beat UCP margins disappoint; project margin sustainability is key

Quarter RAC volumes crossed 1mn; channel checks indicate demand momentum is strong in current qtr as well

CLSA on Voltas

U-P, TP Rs 1190

1Q earnings helped by recovery in profitability in EMP biz, which reported +ve margins after six qtrs of losses

UCP biz, though strong, slightly softer than est.

Exit market share for secondary sales recovered to 21.2%, as expected earlier

CITI on Voltas

Buy, TP Rs 1756

Reported revenue/EBITDA/PAT growth of 47%/153%/159% led by sustained growth in both UCP & EMP bundled with turnaround in EMP biz

Voltas maintained it market leadership in AC with exit market share of 21.2% as at June 2024

MS on Aarti Ind

Equal-Weight Call, Target Rs 615

For Operations, Co Cited 6% QoQ & 30% YoY Growth In Volumes

Co Saw Some Greenshoots In Agrochemicals

Implied EBIT/t (Based On Disclosed Volumes) Was Marginally Higher QoQ

Guidance Tempered: Co Reiterated Confidence In Delivering 20-30% Volume Growth

Co Did Cite Significant Competitive Pressures (Especially From China)

Co Also Cited Pricing Uncertainties That Will Weigh On Margins Near Term

An Evolving Product Mix (Foray Into Energy Applications) Is Also Driving Higher Margin Volatility

FY25 EBITDA Guidance Range Of Rs 1,450-1,700 Cr & Will Be Revisited Over The Next Quarter

Nomura on HCLTech

Buy Call, Target Rs 1,720

Mgmt Reaffirmed FY25 Revenue Growth Guidance Of 3-5% In CC With 18-19% EBIT Band

Deal Pipeline Remains Healthy And Ordering Booking Remains Healthy

GenAI Impact To Vary Across Service Lines

Disciplined Capital Allocation Policy To Continue

Committed To Returning At Least 75% Of PAT To Its Shareholders

HSBC on Sobha

Buy Call, Target Raised To Rs 2,000

Q1 Delivered Strong Bookings And Cash Flow

Q1 Reported Margin Still To Catch Up, Launch Pipeline Robust

Believe Post Rights Issue & Improved OCF Performance, Biz Is Poised For Strong Growth

Nomura on AIA Engg

Reduce, Target Rs 3,600

Q1 Results Were Weak On Sluggish Volumes; Multiple Headwinds Persist

Cut Volumes By 4%/6%/5% For FY25/26/27 On Weaker Commentary

Margins Boost Led By Product Mix

HSBC on Aurobindo Pharma

Buy Call, Target Raised To Rs 1,650

Q1 Largely In-line With Estimates

Co Retains 21-22% EBITDA Margin Guidance For FY25

Outlook Remains Healthy For US Sales

We Think Pick-up In Generic Injectables Sales Is Key To Watch After Plant Remediation

HSBC on Life Insurance

Individual APE Rose 19% YoY For Industry & 30% For Private Insurers In July 2024

In Individual APE, HDFC Life, Bajaj Allianz Life, Max Life Reported Strong Growth

In Individual APE, ICICI Pru Reported Strong Growth

SBI Life Growth Was Stable

Growth In Number Of Policies Remained Healthy For Private Insurers

Nomura on Life Insurance

Private Players Continued To Outpace The Overall Industry, With 30% YoY Growth In Jul’24

Growth Of Public Insurance Industry Was Flat At 0.2% YoY (Vs Nearly 13%/14% YoY In Jun’24/Jul’23)

Private Players’ Market Share Increasing To 69% (Vs Nearly 68% In Jun’24)

YTD FY25 Growth Came In At 19%/26% YoY For The Overall Industry/Private Players

MS on Life Insurance

Jul-24 individual APE growth strong for private sector at 30% YoY (23% 2 year CAGR).

HDFC Life grew 58% & IPRU Life 40%, on weak bases

SBI Life grew at 21% YoY on strong base (31% YoY) & only 1 in coverage to outperform prvt. sector

HSBC on Banks

Negative Commentary From Lenders On Asset Quality In Unsecured Loans Raised Fears Of ‘Crisis’

Compare Current Key Metrics To The Two Recent Crises: Corp Asset Quality Stress & COVID

A Lower Percentage Of Loans Affected Now

Banks’ Balance sheets Appear Stronger And Better Provided

Route – Tender 

Buyback Price: 1,200/-\u0009\u0009

Current Market Price: 1,002/-

Market Cap: Rs 13,886 Crores\u0009\u0009\u0009

Buyback Size: Rs 200 Crores (Representing 9.88% and 9.88% of the total paid up equity share capital and free reserves)\u0009\u0009

Buyback Size: 16,66,667 shares (Representing 1.20% of O/s. shares)\u0009

Retail Quota: 2,50,000 Shares

Last Cum Trading Date: 13 Aug 2024 (Today)

Ex-Date: 14 Aug 2024

Buyback Record Date: 14 Aug2024

Buyback Schedule: Not Yet Announce

Ex-Dividend 14 Aug 2024 (Tomorrow)

Last date for Cum-Dividend Today

Bharat Electronics Ltd.

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 301.4

Dhunseri Investments Ltd.

Dividend Per Share Rs.2.5

Previous day Closing Price – Rs. 1481.85

EPL Ltd

Dividend Per Share Rs.2.3

Previous day Closing Price – Rs. 225.1

Gujarat Pipavav Port Ltd.

Dividend Per Share Rs.3.7

Previous day Closing Price – Rs. 230

H.G. Infra Engineering Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 1610.65

J.B. Chemicals & Pharmaceuticals Ltd.

Dividend Per Share Rs.6.75

Previous day Closing Price – Rs. 1942.15

Jindal Drilling & Industries Ltd.

Dividend Per Share Rs.0.5

Previous day Closing Price – Rs. 626.8

K.C.P. Ltd.

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 222.6

Kalyani Steels Ltd.

Dividend Per Share Rs.10

Previous day Closing Price – Rs. 802.35

Maharashtra Seamless Ltd.

Dividend Per Share Rs.10

Previous day Closing Price – Rs. 592.3

Mahanagar Gas Ltd

Dividend Per Share Rs.18

Previous day Closing Price – Rs. 1827.25

Samvardhana Motherson International Ltd

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 188

Motherson Sumi Wiring India Ltd

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 71.48

Hitachi Energy India Ltd

Dividend Per Share Rs.4

Previous day Closing Price – Rs. 11511.85

Railtel Corporation Of India Ltd

Dividend Per Share Rs.1.85

Previous day Closing Price – Rs. 482.35

Saurashtra Cement Ltd.

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 125.65

TTK Prestige Ltd.

Dividend Per Share Rs.6

Previous day Closing Price – Rs. 1001.8

| CMP Rs. 494 | M Cap Rs. 9966 Cr | 52 W H/L 494/343

(Nirmal Bang Retail Research)

Result marginally ahead of Expectation

Revenue from Operations came at Rs. 1421.6 Cr (-0.9% QoQ, 2.3% YoY) vs expectation of Rs. 1309.8 Cr, QoQ Rs. 1434.3 Cr, YoY Rs. 1389.6 Cr

EBIDTA came at Rs. 166.1 Cr (-51.8% QoQ, 1.8% YoY) vs expectation of Rs. 147.7 Cr, QoQ Rs. 344.7 Cr, YoY Rs. 163.2 Cr

EBITDA Margin came at 11.7% vs expectation of 11.3%, QoQ 24%, YoY 11.7%

Adj. PAT came at Rs. 70.2 Cr vs expectation of Rs. 74.8 Cr, QoQ Rs. 203.4 Cr, YoY Rs. 73.5 Cr

Quarter EPS is Rs. 3.5

Stock is trading at P/E of 19.4x FY25E EPS

| CMP Rs. 178 | M Cap Rs. 3192 Cr | 52 W H/L 224/78

(Nirmal Bang Retail Research)

Result has improved

Revenue from Operations came at Rs. 1166.9 Cr (31% QoQ, 15.2% YoY) vs QoQ Rs. 890.4 Cr, YoY Rs. 1013.3 Cr

EBIDTA came at Rs. 131.9 Cr (7.2% QoQ, 11.8% YoY) vs QoQ Rs. 123 Cr, YoY Rs. 117.9 Cr

EBITDA Margin came at 11.3% vs QoQ 13.8%, YoY 11.6%

Adj. PAT came at Rs. 90.5 Cr vs QoQ Rs. 88.8 Cr, YoY Rs. 89.4 Cr

Quarter EPS is Rs. 5.1

Stock is trading at EV/EBITDA of 6.5x TTM EBITDA

| CMP Rs. 1154 | M Cap Rs. 5935 Cr | 52 W H/L 1180/536

(Nirmal Bang Retail Research)

Result broadly inline with expectations

Revenue from Operations came at Rs. 803.2 Cr (716.7% QoQ, 9.1% YoY) vs expectation of Rs. 809.9 Cr, QoQ Rs. 98.3 Cr, YoY Rs. 736.1 Cr

EBIDTA came at Rs. 295.2 Cr (-2586.2% QoQ, 6.3% YoY) vs expectation of Rs. 302.7 Cr, QoQ Rs. -11.9 Cr, YoY Rs. 277.8 Cr

EBITDA Margin came at 36.8% vs expectation of 37.4%, QoQ -12.1%, YoY 37.7%

Adj. PAT came at Rs. 289.5 Cr vs expectation of Rs. 289.3 Cr, QoQ Rs. -0.3 Cr, YoY Rs. 273.5 Cr

Quarter EPS is Rs. 56.3

Stock is trading at P/E of 18.7x FY25E EPS

| CMP Rs. 802 | M Cap Rs. 9456 Cr | 52 W H/L 922/427

(Nirmal Bang Retail Research)

Result inline with Expectation

Revenue from Operations came at Rs. 260 Cr (1.6% QoQ, 21.2% YoY) vs expectation of Rs. 261.7 Cr, QoQ Rs. 255.8 Cr, YoY Rs. 214.5 Cr

EBIDTA came at Rs. 49.8 Cr (-8.3% QoQ, 31.7% YoY) vs expectation of Rs. 49.8 Cr, QoQ Rs. 54.3 Cr, YoY Rs. 37.8 Cr

EBITDA Margin came at 19.1% vs expectation of 19%, QoQ 21.2%, YoY 17.6%

Adj. PAT came at Rs. 45.4 Cr vs expectation of Rs. 44.8 Cr, QoQ Rs. 50 Cr, YoY Rs. 24.9 Cr

Quarter EPS is Rs. 3.8

Stock is trading at P/E of 45.3x FY25E EPS

| CMP Rs. 176 | M Cap Rs. 32407 Cr | 52 W H/L 210/86

(Nirmal Bang Retail Research)

Result is below expectations

Mainly impacted by lower chemical sales

Revenue from Operations came at Rs. 2856.1 Cr (-20.2% QoQ, -10.1% YoY) vs expectation of Rs. 3757.8 Cr, QoQ Rs. 3579.1 Cr, YoY Rs. 3178.4 Cr

EBIDTA came at Rs. 934.2 Cr (-15.6% QoQ, 57.2% YoY) vs expectation of Rs. 1272.2 Cr, QoQ Rs. 1107.5 Cr, YoY Rs. 594.3 Cr

EBITDA Margin came at 32.7% vs expectation of 33.9%, QoQ 30.9%, YoY 18.7%

Adj. PAT came at Rs. 601.2 Cr vs expectation of Rs. 980.2 Cr, QoQ Rs. 589 Cr, YoY Rs. 349.4 Cr

Quarter EPS is Rs. 3.3

Stock is trading at EV/EBITDA of 9.3x TTM EBITDA

| CMP Rs. 40 | M Cap Rs. 5125 Cr | 52 W H/L 45/16

(Nirmal Bang Retail Research)

Result ok

Revenue from Operations came at Rs. 1385.7 Cr (-25.9% QoQ, 1.9% YoY) vs QoQ Rs. 1870.3 Cr, YoY Rs. 1360.1 Cr

EBIDTA came at Rs. 27.6 Cr (-83.7% QoQ, 25% YoY) vs QoQ Rs. 169.8 Cr, YoY Rs. 22.1 Cr

EBITDA Margin came at 2% vs QoQ 9.1%, YoY 1.6%

Adj. PAT came at Rs. -66.5 Cr vs QoQ Rs. 90.8 Cr, YoY Rs. -74.3 Cr

Quarter EPS is Rs. -0.5

Stock is trading at P/E of -65.2x TTM EPS

| CMP Rs. 1503 | M Cap Rs. 26920 Cr | 52 W H/L 1503/708

(Nirmal Bang Retail Research)

Result is above expectations

Revenue from Operations came at Rs. 1362.6 Cr (27.5% QoQ, 19.5% YoY) vs expectation of Rs. 1291 Cr, QoQ Rs. 1068.3 Cr, YoY Rs. 1140.5 Cr

EBIDTA came at Rs. 804.8 Cr (61.8% QoQ, 52.4% YoY) vs expectation of Rs. 646 Cr, QoQ Rs. 497.3 Cr, YoY Rs. 528 Cr

EBITDA Margin came at 59.1% vs expectation of 50%, QoQ 46.6%, YoY 46.3%

Adj. PAT came at Rs. 668.5 Cr vs expectation of Rs. 570.8 Cr, QoQ Rs. 386.3 Cr, YoY Rs. 420.3 Cr

Quarter EPS is Rs. 37.3

Stock is trading at P/E of 16.5x FY25E EPS

| CMP Rs. 346 | M Cap Rs. 10558 Cr | 52 W H/L 428/253

(Nirmal Bang Retail Research)

Result is ok

Revenue from Operations came at Rs. 826.4 Cr (-0.3% QoQ, 1.5% YoY) vs QoQ Rs. 829 Cr, YoY Rs. 814.4 Cr

EBIDTA came at Rs. 154 Cr (1.7% QoQ, 5.7% YoY) vs QoQ Rs. 151.5 Cr, YoY Rs. 145.7 Cr

EBITDA Margin came at 18.6% vs QoQ 18.3%, YoY 17.9%

Adj. PAT came at Rs. 104.1 Cr vs QoQ Rs. 106.3 Cr, YoY Rs. 100.7 Cr

Quarter EPS is Rs. 3.4

Stock is trading at EV/EBITDA of 17.6x TTM EBITDA

| CMP Rs. 1430 | M Cap Rs. 47317 Cr | 52 W H/L 1560/752

(Nirmal Bang Retail Research)

Result ahead of Expectation

Revenue from Operations came at Rs. 4921 Cr (17.1% QoQ, 46.5% YoY) vs expectation of Rs. 4569.8 Cr, QoQ Rs. 4202.9 Cr, YoY Rs. 3359.9 Cr

EBIDTA came at Rs. 423.8 Cr (122.4% QoQ, 128.6% YoY) vs expectation of Rs. 329 Cr, QoQ Rs. 190.6 Cr, YoY Rs. 185.4 Cr

EBITDA Margin came at 8.6% vs expectation of 7.2%, QoQ 4.5%, YoY 5.5%

Adj. PAT came at Rs. 334.2 Cr vs expectation of Rs. 249 Cr, QoQ Rs. 116.4 Cr, YoY Rs. 129.3 Cr

Quarter EPS is Rs. 10.1

Stock is trading at P/E of 59.9x FY25E EPS

Mechanical Projects and Service turn profitable this quarter

- MSCI Standard Index

- 7 Additions and 1 Deletion

- MSCI Small Cap Index

- 27 Additions and 6 Deletions

- Additions to MSCI Standard Index:

- #Zydus Life

- #Prestige Estates

- #Dixon Tech

- Additional Additions to MSCI Standard Index:

- #OFSS

- #Oil India

- #Vodafone Idea

- #RVNL

- Exclusion from #MSCI Standard Index:

- #Bandhan Bank

- Alerts:

- MSCI to increase Foreign Inclusion Factor in #HDFC Bank in 2 tranches, starting August Review.

- #MSCI lifts embargo on treatment of #Adani Group stocks from August Review

:CONS NET PROFIT UP 19 % AT 1970 CR (YOY), UP 40 % (QOQ)

REVENUE FLAT % AT 5414 CR (YOY) ,DOWN 17 % (QOQ)

EBITDA UP 17 % AT 2339 CR (YOY),UP 11%(QOQ) 

MARGINS AT 43.2 % V 36.95 % (YOY), 32.4 % (QOQ)

Shares of Brainbees Solutions Ltd, owners of FirstCry outlet, will be listed at the bourses today. The company has fixed the IPO price at ₹465, at the upper end of the price band ₹440-465. Read more

Crude oil futures traded lower on Tuesday morning after OPEC’s (Organization of Petroleum Exporting Countries) monthly oil market report indicated a decline in demand for the commodity. At 9.10 am on Tuesday, October Brent oil futures were at $81.58, down by 0.87 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $79.45, down by 0.76 per cent. August crude oil futures were trading at ₹6663 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹6662, up by 0.02 per cent, and September futures were trading at ₹6541 against the previous close of ₹6555, down by 0.21 per cent. Read more

MSCI has announced the changes for the August 2024 Rejig resulting in seven inclusions and one exclusion. Additionally there are a few weight changes.

For HDFC Bank, the long-awaited weight increase is finally happening. MSCI has made an exception by raising with lower adjustment factor, leading to an inflow of $1.8 billion, equivalent to 93 million shares, with an impact of about 4.5 days in August Rejig. The remaining float adjustment (second and final tranche) is expected (officially been communicated) to be done in the November 2024 rejig, provided the foreign room remains at least 20%, which we believe should not pose a problem.

With all the adjustments in the EM Pack, India’s tentative weight will remain close to 20%. India should witness net FII passive inflow of $2.7bn to $3bn.

Given the current pace and momentum, India could potentially cross 22% by year-end

Shares of Unicommerce will make their debut at the bourses today after blockbuster IPO. The issue of Softbank-backed Unicommerce, which has been witnessing an overwhelming response from the minute the issue was opened, received a whopping subscription of 168.39 times. read more

The initial public offering of Saraswati Saree Depot IPO saw a strong response on Day 1 itself. It was subscribed 4.37 times, as all category of investors were keen to participate in the issue. Read more

Silver prices are rising as investors remain optimistic about the Federal Reserve’s interest rate cut in September. Fed Governor Michelle Bowman moderated her usually hawkish tone slightly, citing some “welcome” progress on inflation in recent months. According to the CME Group’s FedWatch tool, markets are pricing in a 49% possibility that the Fed will decrease interest rates by 50 basis points (bps) in September. Russia evacuated inhabitants from a second territory bordering Ukraine as Kyiv boosted military action along the border. Investors will be watching for U.S. producer price data on Tuesday and consumer price data on Wednesday to gain further insight into inflation.

Key economic data slated for release includes Claimant Count Change, Average Earnings Index 3m/y from GBP Zone, German ZEW Economic Sentiment, ZEW Economic Sentiment Euro Zone and Core PPI m/m, PPI m/m from US Zone.

Gold prices fell but remained close to a one-week high as traders awaited critical US inflation data that could provide additional insight into the Federal Reserve’s next policy decision. Traders are waiting for the July U.S. producer pricing index (PPI), which is coming later in the day, followed by the consumer price index (CPI) on Wednesday. The CPI data is likely to indicate that headline and core prices increased 0.2% month on month. According to the CME FedWatch Tool, traders anticipate a 50% possibility of the Fed cutting interest rates by 50 basis points in September. SPDR Gold Trust reported its holdings increased 0.34% to 849.79 metric tonnes on Monday, up from 846.91 tonnes on Friday.

Key economic data slated for release includes Claimant Count Change, Average Earnings Index 3m/y from GBP Zone, German ZEW Economic Sentiment, ZEW Economic Sentiment Euro Zone and Core PPI m/m, PPI m/m from US Zone.

Citi on Aavas Fin: Maintain Buy on Company, target price at Rs 2170/Sh (Positive)

HSBC on Auro Pharma: Maintain Buy on Company, raise target price at Rs 1650/Sh (Positive)

GS on Honasa: Initiate Buy on Company, target price at Rs 570/Sh (Positive)

MOSL on Signature: Initiate Buy on Company, target price at Rs 2000/Sh (Positive)

HSBC on Sobha: Maintain Buy on Company, raise target price at Rs 2000/Sh (Positive)

Investec on Auro Pharma: Maintain Buy on Company, target price at Rs 1400/Sh (Positive)

Jefferies on ONGC: Maintain Buy on Company, raise target price at Rs 420/Sh (Positive)

Nomura on Life Insurance Companies: In Individual APE, HDFC Life, Bajaj Allianz Life, Max Life Reported Strong Growth (Positive)

Nomura on Life Insurance Private Players: Continued To Outpace the Overall Industry, With 30% YoY Growth in Jul’24 (Positive)

JPMorgan on Consumer Staples Emerging Themes: Rural recovery to aid volume momentum; HPC scores over Foods (Positive)

Morgan Stanley on CPI Data: With a favorable base, expect CPI to track at a similar level of 3.5-3.7% in August amid easing food price pressures. (Positive)

UBS on CPI Data: Headline CPI inflation eases to 3.5% in July, core inflation at 3.4% (Neutral)

HSBC on Banks: Negative commentary from lenders on asset quality in unsecured loans raised fears of ‘crisis’, adding that balance sheets of banks appear stronger and better provided (Neutral)

Nomura on HCL Tech: Maintain Buy on Company, target price at Rs 1720/Sh (Neutral) 

MS on Aarti Ind: Maintain Equal weight on Company, target price at Rs 615/Sh (Neutral) 

Citi on ONGC: Maintain Buy on Company, target price at Rs 350/Sh (Neutral) 

Nomura on Voltas: Maintain Buy on Company, target price at Rs 1511/Sh (Neutral) 

Jefferies on Zydus Life: Maintain Hold on Company, target price at Rs 1210/Sh (Neutral) 

Nomura on AIA Eng: Maintain Reduce on Company, target price at Rs 3600/Sh (Neutral)

Q1 earnings-Nifty: Hindalco, Hero Moto, Apollo Hospitals

HEG board to mull stock split

EIH Associated to execute bonus issue in the ratio 1:1

Technocraft Industries to mull share buyback

Record date for Orient Green Power rights issue

Ex-Dividend 14 Aug 2024 (Tomorrow)

Last date for Cum-Dividend Today

Bharat Electronics Ltd.

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 301.4

Dhunseri Investments Ltd.

Dividend Per Share Rs.2.5

Previous day Closing Price – Rs. 1481.85

EPL Ltd

Dividend Per Share Rs.2.3

Previous day Closing Price – Rs. 225.1

Gujarat Pipavav Port Ltd.

Dividend Per Share Rs.3.7

Previous day Closing Price – Rs. 230

H.G. Infra Engineering Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 1610.65

J.B. Chemicals & Pharmaceuticals Ltd.

Dividend Per Share Rs.6.75

Previous day Closing Price – Rs. 1942.15

Jindal Drilling & Industries Ltd.

Dividend Per Share Rs.0.5

Previous day Closing Price – Rs. 626.8

K.C.P. Ltd.

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 222.6

Kalyani Steels Ltd.

Dividend Per Share Rs.10

Previous day Closing Price – Rs. 802.35

Maharashtra Seamless Ltd.

Dividend Per Share Rs.10

Previous day Closing Price – Rs. 592.3

Mahanagar Gas Ltd

Dividend Per Share Rs.18

Previous day Closing Price – Rs. 1827.25

Samvardhana Motherson International Ltd

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 188

Motherson Sumi Wiring India Ltd

Dividend Per Share Rs.0.8

Previous day Closing Price – Rs. 71.48

Hitachi Energy India Ltd

Dividend Per Share Rs.4

Previous day Closing Price – Rs. 11511.85

Railtel Corporation Of India Ltd

Dividend Per Share Rs.1.85

Previous day Closing Price – Rs. 482.35

Saurashtra Cement Ltd.

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 125.65

TTK Prestige Ltd.

Dividend Per Share Rs.6

Previous day Closing Price – Rs. 1001.8

Open Offer to acquire upto 31,14,488 Fully Paid- Up Equity Shares of Face Value of Rs. 10/- Each Constituting 26.00% of the Emerging Equity and Voting Share Capital of Inertia Steel Limited by Mr. Karbhari Pandurang Dhatrak, Mrs.Jayashree Karbhari Dhatrak and Mr. Chetan Karbhari Dhatrak .

Kotak Mahindra Bank Limited : The Board of Directors of Sonata Finance Private Limited (“Sonata”) and BSS Microfinance Limited (“BSS”), both, wholly-owned subsidiaries of the Bank, at their respective Board Meetings held today, i.e. on August 12, 2024, have approved a Scheme of Amalgamation of Sonata with BSS (“Scheme”), on a going concern basis.

Veefin Solutions Limited : Company has acquired 50.99% stake consisting of 50,763 Equity shares of Rs. 180.81 each in Infini Systems Private Limited, a group company.

DOMS: SKIDO Industries Private Limited, Subsidiary of the Company, is in the process raising additional capital of 1,00,00,000 (Rupees One Crores Only) through a Rights Issue to meet its working capital and capital expenditure requirements

JSW Steel: The company is set to acquire up to a 66.7% economic interest in M Resources NSW through the purchase of Class B shares. The acquisition will be made at a cost of $120 million, with an additional investment obligation of $50 million. M Resources NSW holds a 30% stake in the mine operator of coking coal mines located in New South Wales, Australia

Marico: The company’s manufacturing operations in Bangladesh have resumed at normal scale. 

Crisil: The company’s unit will form a private entity to serve as an industry association for SEBI-registered ESG rating service providers

Jindal Stainless: The company has been accredited by BrahMos Aerospace as a qualified vendor for steel sheets

Aditya Birla Sun Life: Parag Joglekar resigned as CFO effective Sept. 13. 

Power Grid Corp.: The company received a letter of intent for a 20 GW inter-state transmission line in Rajasthan

Kotak Mahindra Bank: The company’s units, Sonata Finance and BSS Microfinance, have approved the merger with each other. 

KPI Green Energy: The company opened its QIP and set the floor price at Rs 983 per share.

:Board approves the proposal to participate in buy back offer of Mayaverse Inc, Associate entity, to the extent of entire 2500 shares held in Mayaverse Inc and subsequent to acceptance of such shares, Mayaverse Inc, cease to be Associate entity of the Company.

GREENCREST FINANCIAL SERVICES LIMITED : The Company will be held on August 19, 2024 to consider and if thought fit, to delist its’ Equity Shares from Calcutta Stock Exchange Limited (CSE). 

Quint Digital Limited : approved raising of capital by way of issuance of equity shares and/or equity linked securities by way of Qualified Institutions Placement (“QIP”) for an aggregate amount not exceeding Rs. 250 crore in one or more tranches.

Pearl Global Industries Limited : Company intimation dated 7th August 2024 “the Company’s operating at 70% of facilities at full capacity”, we would like to inform that our company is now operating 100% of facilities at full capacity in Bangladesh. We are further working towards minimizing productivity miss due to the curfew shut down.

Cochin Shipyard Limited (CSL) : Company has today commenced the commercial operations at its International Ship Repair Facility (ISRF) by successful docking of the vessel, ‘HSC Parali’ of Union Territory of Lakshadweep Administration. (2) The ISRF project costing Rs. 970 crores is set up in 42 acres of leased premises of the Cochin Port Authority at Willingdon Island, Kochi. The ISRF is equipped with 6000T ship-lift, Six Workstations and approximately 1400 metre of berths; suitable for handling vessels of maximum 130 metre length. The facility can repair six such vessels at the dry-workstations simultaneously.

Sayaji Industries Limited : The company has executed a sale deed on 12th August, 2024, pertaining to the sale of a portion of its land admeasuring 25,617 square meters and located at Survey Number 225 and 226, Village Saij, Taluka Kalol, District Gandhinagar, Gujarat, India. The sale was completed for a consideration of Rs. 5,37,95,000/- , in accordance with the terms and conditions outlined in the sale deed.

Artson Engineering Limited : Board Approved The Business Transfer Agreement (BTA) for the Sale of Undertaking of the Company (Nagpur Division) to Tata Projects Limited (TPL) on as going concern.

Quint Digital Limited : Board approved to terminate the Joint Venture Agreement dated March 8, 2024 entered between Quint Digital Limited and MK Center of Enterpreneurship Foundation.

Aditya Vision Limited : The Company has fixed August 27, 2024 as the “Record Date” for determining entitlement of Shareholders of the Company for the purpose of sub-division/ split of the Equity Shares of the Company, such that 1 equity share having face value of Rs. 10/- each, fully paid-up, will be sub-divided into 10 equity shares having face value of Re. 1/-

WARDWIZARD INNOVATIONS & MOBILITY LIMITED : Board approved Investment in Wardwizard Global PTE. LTD., Wholly Owned Subsidiary (WOS) of the Company, of an amount not exceeding One Lakh SGD (“Singapore Dollar”) (1,00,000 SGD), through Overseas Direct Investment (ODI) by way of subscribing or acquisition to the equity shares/ further issue of capital in one or more tranches offered by it, subject to applicable laws.

Power Grid Corporation of India Limited : Company has been declared as the successful bidder under Tariff based competitive bidding to establish Inter-State 

transmission system for “Additional Transmission System for Evacuation of Power from Bhadla-III PS as Part of Rajasthan REZ Phase-III Scheme (20 GW)” on build, own operate and transfer (BOOT) basis. The Letter of Intent (LoI) has been received by Power Grid Corporation of India Limited.

Ashoka Metcast Limited : Board Considered and approved Limit of Borrowings by company up to Rs. 200 Crores & Considered and approved Limit of Loans and/or Investment and/or Guarantee to be given by com pany up to Rs . 200 Crores .

* ABCAPITAL

* ABFRL

* BANDHANBNK

* BIOCON

* BSOFT

* GRANULES

* HINDCOPPER

* INDIACEM

* INDIAMART

* LICHSGFIN

* MANAPPURAM

* PNB

* RBLBANK

* SAIL

* SUNTV

Symbol: FIRSTCRY 

Series: Equity “B Group” 

BSE Code: 544226 

ISIN: INE02RE01045 

Face Value: Rs 2/- 

Issued Price: Rs 465/- per share

Symbol: UNIECOM 

Series: Equity “B Group” 

BSE Code: 544227 

ISIN: INE00U401027 

Face Value: Rs 1/- 

Issued Price: Rs 108/- per share

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

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Researchbytes Events Update

As of 07:30 AM Tuesday 13 August 2024

Can set alert for them at www.researchbytes.com 

10:00 AM Subros

Dial: +91 22 6280 1222

10:00 AM Yatra.com

Dial: +91226280 1366

Weblink: https://tinyurl.com/2atc2djt

10:30 AM Cera Sanitaryware

(Results, Press Release )

Dial: +91 22 6280 1141 

10:30 AM Kiri Industries

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/393nh56v

( Hosted by Valorem )

11:00 AM Duroply Industr

Weblink: https://tinyurl.com/sbkzvu27

11:00 AM Natco

Dial: +91 22 6280 1222

Weblink: https://tinyurl.com/2rzpzdk2

11:00 AM Apex Frozen

Dial: +91 22 6280 1256 

Weblink: https://tinyurl.com/yhjyhye6

11:00 AM PPAP Automotive

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/22txwt5h

11:00 AM HOEC

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/3kn45cra

( Hosted by Valorem )

11:30 AM Tilaknagar

Dial: +91 22 6280 1141

Weblink: https://tinyurl.com/yfxpcxrm

11:30 AM Hi Tech Pipes Limited

Dial: +91 22 6280 1525 

Weblink: https://tinyurl.com/29juzd8e

11:30 AM Pennar Inds

Dial: +91 22 62801143 

Weblink: https://tinyurl.com/jj2h9mmr

12:00 PM Balrampur Chini

(Results, Investor/Analyst Presentation)

Dial: +91 22 6280 1141

Weblink: https://tinyurl.com/yc7v5sbs

12:00 PM DOMS Industries

Dial: +91 22 6280 1144 

Weblink: https://tinyurl.com/393w8hbh

12:00 PM Jarigold Text

Dial: +91 22 6280 1148

12:00 PM Lumax Inds

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/hcc8bebs

12:00 PM Nirlon

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/yw5an9ba

( Hosted by Valorem )

12:00 PM Kamat Hotels

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/2p82mtr3

( Hosted by Valorem )

12:30 PM IOL Chemicals

(Annual Report)

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/yc5uc4b8

(Hosted by Adfactors)

1:00 PM Best Agrolife

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/u9fxfk5k

( Hosted by Adfactors )

1:00 PM S Chand and Co

Dial: +91226280 1360 

Weblink: https://tinyurl.com/443r95ct

2:00 PM Brand Concepts

Weblink: https://tinyurl.com/tmdx6xmj

2:00 PM Ceinsys Tech

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/4jfn7wzw

( Hosted by Valorem )

2:30 PM Lumax Auto Tech

Dial: +91 22 6280 1309 

Weblink: https://tinyurl.com/ycxnz32m

2:30 PM Vodafone Idea

(Annual Report)

Dial: +91 22 7115 8260 

Weblink: https://tinyurl.com/26xd27xa

3:00 PM CRISIL

Weblink: https://tinyurl.com/35j32v6y

3:00 PM Globus Spirits

(Annual Report)

Dial: +91 22 62801256

Weblink: https://tinyurl.com/yc47a75h

3:00 PM Navneet

(Annual Report)

Dial: +91 22 6280 1309 

Weblink: https://tinyurl.com/mjr65esn

3:00 PM Sangam India

Dial: +91 22 6280 1557 

Weblink: https://tinyurl.com/yaptffrn

3:00 PM Goldiam Inter

Dial: 91 22 6280 1455

Weblink: https://tinyurl.com/25b59szb

3:30 PM Linc PenandPlas

(Annual Report)

Weblink: https://tinyurl.com/yy2aev27

3:30 PM Kaveri Seed

Dial: +91 22 6280 1573

3:30 PM Eldeco Housing

Dial: +91 22 6280 1107 

Weblink: https://tinyurl.com/4k7d3br5

3:45 PM Borosil

(Annual Report)

Dial: +91 22 6280 1145

Weblink: https://tinyurl.com/4j7d8cuk

4:00 PM Ester Ind

Dial: +91 22 6280 1141

Weblink: https://tinyurl.com/mr452b25

4:00 PM Hindalco

Dial: + 91 22 6280 1303

Weblink: https://tinyurl.com/mryza647

4:00 PM Advanced Enzyme

Dial: + 91 22 6280 1403

Weblink: https://tinyurl.com/3kj2jxd6

4:00 PM Ashiana Housing

Dial: +91 22 6280 1107

Weblink: https://tinyurl.com/yvdh95rt

4:00 PM Guj Flourochem

Dial: +91 22 6280 1222

Weblink: https://tinyurl.com/yew3uvdw

4:00 PM Sunteck Realty

Dial: +91 22 6280 1289

Weblink: https://tinyurl.com/3ph4scwy

4:00 PM Orchid Chem

(Annual Report)

Dial: +91 22 6280 1297 

4:00 PM RSWM

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/ynv8n4sy

4:00 PM Manappuram Fin

Dial: +91 22 6280 1384

Weblink: https://tinyurl.com/mv5935pw

4:00 PM BCL

Dial: +91 22 6280 1527

Weblink: https://tinyurl.com/2s3dduxd

4:00 PM SPML Infra

Dial: 91 22 6280 1341

Weblink: https://tinyurl.com/mr7sk943

( Hosted by Adfactors )

4:00 PM Brace Port Logi

*Analyst Meet:*Hotel Sahara Star, West Block, Vile Parle East, Mumbai 400 099

4:30 PM FSN E-Commerce

Weblink: https://tinyurl.com/yc7xn4b3

4:30 PM Olectra Greente

Weblink: https://tinyurl.com/2p9bz6tb

4:30 PM Time Techno

Dial: +91 22 6280 1202

4:30 PM Sword & Shield

Dial: +91 22 6280 1239 

4:30 PM Piramal Enter

Dial: +91 22 6280 1264

Weblink: https://tinyurl.com/ymp26jms

5:00 PM Juniper Hotels

Weblink: https://tinyurl.com/2fjbutk2

5:00 PM Pakka Limited

Dial: +1 575 459 0158

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

5:00 PM Gensol Engineer

Dial: +91 22 6280 1102

Weblink: https://tinyurl.com/2rm8za6k

5:00 PM Muthoot Finance

Dial: 02262801384

Weblink: https://tinyurl.com/27r7cu7b

6:00 PM Dilip Buildcon

Dial: +91 22 6280 1268 

Weblink: https://tinyurl.com/5bh2wyzs

IFGL Refractor : (replay)

https://www.researchbytes.com/webcast.aspx?WID=308194

Camlin Fine : (replay)

https://www.researchbytes.com/webcast.aspx?WID=308190

Man Industries : (replay)

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Campus Active : (replay)

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AIA Engineering : (replay)

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Ddev Plastiks I : (replay)

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Sutlej Textiles : (replay)

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Home Depot, Inc. (Pre market) (Sector- Retails)

Sea Limited (Pre market) (Sector- Technology)

On Holding AG (Pre market) (Sector- Textiles)

Tencent Music Entertainment Group (Pre market) (Sector- Technology)

James Hardie Industries plc. (Pre market) (Sector- Construction)

Sportradar Group AG (Pre market) (Sector- Technology)

Nu Holdings Ltd. (Post market) (Sector- Financial)

Flutter Entertainment plc (Post market) (Sector- Hotels)

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

Ecopetrol S.A. (Post market) (Sector- Energy)

11:30 U.K. Claimant Count Change (Expected: 14.5k versus Previous: 32.3K)

14:30 EURO ZEW Economic Sentiment (Expected: 35.4 versus Previous: 43.7)

18:00 U.S. PPI m/m (Expected: 0.2% versus Previous: 0.2%)

:CONS NET PROFIT UP 20 % AT 1.38 CR (YOY),DOWN 65 % (QOQ)

REVENUE UP 43 % AT 27.35 CR (YOY) ,UP 6 % (QOQ)

EBITDA UP 54% AT 2.9 CR (YOY),DOWN 32 %(QOQ) 

MARGINS AT 10.6 % V 9.85 % (YOY), 16.7% (QOQ)

:CONS NET PROFIT UP 60 % AT 0.16 CR (YOY),DOWN 73 % (QOQ)

REVENUE DOWN 3 % AT 17.04 CR (YOY) ,UP 9% (QOQ)

EBITDA UP 14 % AT 0.4 CR (YOY),DOWN 33 %(QOQ) 

MARGINS AT 2.35 % V 1.98 % (YOY), 3.82% (QOQ)

CONS. NET PROFIT UP 2 % AT 11.9 CR (QOQ) , UP 42 % (YOY)

REVENUE DOWN 6 % AT 73.84 CR (QOQ) ,UP 37 % (YOY)

EBITDA UP 7 % AT 13.22 CR (QOQ) , DOWN 8 % (YOY)

MARGINS AT 17.9 % V 15.7% (QOQ) , 26.6 % (YOY)

:CONS NET PROFIT DOWN 94 % AT 1 CR (YOY),DOWN 99 % (QOQ)

REVENUE DOWN 89 % AT 33.15CR (YOY) ,DOWM 92% (QOQ)

EBITDA LOSS AT 9.8 CR V 60.2 CR PROFIT (YOY),76.5 CR PROFIT(QOQ)

Q1 CONS NET LOSS 339.5M RUPEES VS PROFIT 155M (YOY); LOSS 771.4M (QOQ)

CAMLIN FINE SCIENCES: Q1 REVENUE 3.96B RUPEES VS 4.2B (YOY); 4B (QOQ)

CAMLIN FINE SCIENCES: Q1 EBITDA 181.4M RUPEES VS 387M (YOY) || Q1 EBITDA MARGIN 4.58% VS 9.23% (YOY)

CONS NET PROFIT AT 1.06CR V 3 CR LOSS (YOY), V 2.66 CR PROFIT (QOQ)

REVENUE UP 26% AT 147 CR (YOY) ,UP 50% (QOQ)

EBITDA PROFIT AT 3.44CR V 1.18 CR LOSS (YOY),V 3.94 CR PROFIT (QOQ) 

MARGINS 2.33% V -1% (YOY), 4% (QOQ)

:CONS NET PROFIT UP 8% AT 27.9 CR (YOY), DOWN 35% (QOQ)

REVENUE UP 2% AT 894.7CR (YOY) ,DOWN 3% (QOQ)

EBITDA UP 2% AT 79.3CR (YOY),DOWN 20%(QOQ) 

MARGINS 8.86% V 9.9% (YOY), 10.76% (QOQ)

▪️Revenue at Rs 6766 Crore vs Rs 6673 Crore

▪️Net profit at Rs 1577 Crore vs Rs 1551 Crore

(Numbers seen inline on YOY basis)

:CONS NET PROFIT UP 3% AT 15 CR (YOY), V 3.3 CR LOSS (QOQ)

REVENUE UP 62% AT 255 CR (YOY) ,UP 120% (QOQ)

EBITDA UP 42% AT 26.8CR (YOY),V 0.1 CR LOSS(QOQ) 

MARGINS 10.5% V 12% (YOY), -0.08% (QOQ)

:CONS NET PROFIT UP 113 % AT 5.1 CR (YOY), UP 26 % (QOQ)

REVENUE UP 11% AT 155 CR (YOY) ,DOWN 16 % (QOQ)

EBITDA UP 148 % AT 19.6 CR (YOY),UP 12 %(QOQ) 

MARGINS AT 12.6 % V 5.64% (YOY),9.45 % (QOQ)

:CONS NET PROFIT DOWN 22% AT 0.25 CR (YOY), V 0.03 CR PROFIT (QOQ)

REVENUE DOWN 19% AT 66.54CR (YOY) ,UP 25% (QOQ)

EBITDA DOWN 14% AT 0.22CR (YOY),DOWN 86%(QOQ) 

MARGINS 0.34% V 0.32% (YOY), 3% (QOQ)

CONS NET PROFIT UP 140 % AT 113.4 CR (YOY), DOWN 9% (QOQ)

REVENUE UP 33 % AT 493 CR (YOY) ,DOWN 13 % (QOQ)

EBITDA UP 103 % AT 188.5 CR (YOY), DOWN 17 %(QOQ) 

MARGINS AT 38.2 % V 25.09 % (YOY), 40 % (QOQ)

:CONS NET PROFIT DOWN 84% AT 10.8 CR (YOY), DOWN 89% (QOQ)

REVENUE UP 9% AT 4396 CR (YOY) ,UP13 % (QOQ)

EBITDA DOWN 9% AT 116.76CR (YOY),DOWN 40%(QOQ) 

MARGINS 2.65% V 3.17% (YOY), 5% (QOQ)

CONS NET PROFIT OF 6.63 CR V 17.5 CR LOSS (YOY),0.37 CR LOSS (QOQ)

REVENUE UP 10 % AT 820 CR (YOY) ,UP 1 % (QOQ)

EBITDA UP 397 % AT 52.5 CR (YOY),UP 26 %(QOQ) 

MARGINS AT 6.4 % V 1.4 % (YOY), 5.12% (QOQ)

CONS NET PROFIT DOWN 37% AT 42CR (YOY), DOWN 41% (QOQ)

REVENUE DOWN 19% AT 136 CR (YOY) ,DOWN 53% (QOQ)

EBITDA DOWN 31% AT 62.22CR (YOY),DOWN 17%(QOQ) 

MARGINS 45.75% V 53.8% (YOY), 25.8% (QOQ)

NET PROFIT AT 12.9 CR V 0.44 CR (YOY)

REVENUE AT 206 CR V 351 CR

EBITDA AT 11.5 CR V 0.97 CR LOSS (YOY)

MARGINS AT 5.56% V -0.27%

Net profit 6.7B RUPEES VS 4.2B (YOY)

EBITDA 8.05B RUPEES VS 5.28B (YOY) 

EBITDA MARGIN 59.06% VS 46.30% (YOY)

Prov Cash: Rs crs

FII’s: -4,681 (13,846- 18,526)

DII’s: +4,478 (13,702-9,224)

FIIs YTD cumulative Flows as on today (INR Cr.): +20,973 (Primary + Secondary)

Todays’ Cash Vol: INR 1342Bn vs INR 1223Bn on previous trading day (+9.7%)

Large Blocks Reported in the Market today:

3.13mn InterGlobe Aviation (1334 cr), 36.81mn Ola Electric Mobility (381 cr), 1.91mn Voltas (294 cr), 25.35mn Suzlon Energy (204 cr), 325k Britannia Industries (188 cr), 1.53mn DSP BSE Liquid Rate ETF (158 cr), 464k Adani Enterprises (144 cr), 783k HDFC Bank (131 cr), 384k Asian Paints (118 cr), 2.77mn NTPC (112 cr), 869k Tata Motors (94 cr), 263k Phoenix Mills /The (90 cr)

52 Weeks High/Low Prices Hit Today for NSE 500

# High Price

AIAE \u00094949.95

AJP \u00093085.00

ALKEM \u00095867.40

BRCM \u0009505.95

CDSL \u00092667.95

CLGT \u00093493.65

CRIN \u00091764.40

ERIS \u00091217

EVRIN \u0009482.60

GLXO \u00092944.95

GNP \u00091516.45

GRAN \u0009697.55

HMFC \u0009143.20

INXW \u0009209.07

JUBI \u0009656.00

JUST \u00091366.95

KSCL \u00091180

LPC \u00092128.95

MUTH \u00091903.15

NTCPH \u00091539.9

OINL \u0009682.00

SUEL \u000980.4

THYROCAR 866.8

TRENT \u00096436

VOLT \u00091598.00

WLCO \u0009701.95

WPL \u00091003.65

# Low Price

SCI \u0009101

SHANKARA 585.4

INDIA CPI (YOY) (JUL) ACTUAL: 3.54% VS 5.08% PREVIOUS; EST 3.60%

INDIA INDUSTRIAL PRODUCTION (YOY) (JUN) ACTUAL: 4.2% VS 5.9% PREVIOUS; EST 5.4%

INDIA MANUFACTURING OUTPUT (MOM) (JUN) ACTUAL: 2.6% VS 4.6% PREVIOUS

INDIA CUMULATIVE INDUSTRIAL PRODUCTION (JUN) ACTUAL: 5.20% VS 5.40% PREVIOUS

Closing Bell:

* Sensex: 79648.92(-56.99) 

* Nifty 50: 24347.00(-20.50) 

* Nifty bank: 50577.95(+93.45) 

Nifty top 5 Gainers:

* ONGC: 341.30(+8.75) 

* Hero Motocorp: 5,311.85 (+104.65) 

* Axis Bank: 1,164.30 (+21.55) 

* Infosys: 1,797.40 (+26.65) 

* JSW Steel: 917.35 (+12.25) 

Nifty top 5 losers:

* NTPC: 400.85 (-9.80) 

* Adani Ports: 1,501.40 (-32.40 ) 

* Dr Reddys Labs: 6,886.55 (-126.95) 

* Britannia: 5,645.75 (-94.55 ) 

* SBI: 812.60 (-11.70)

Domestic markets are expected open on a flat note on Tuesday amid mixed global cues. While the market has ignored the US-based short-seller Hindenburg Research’s scathing report on SEBI and the Adani group so far, any further escalation on that front could impact the market sentiment, said analysts. Currently, there are no fresh triggers for the market to move up or down and the movement will mostly align with global sentiment, they added. Read more

Sunil Bharti Mittal’s conglomerate will buy a 24.5 per cent stake in BT Group for about $4 billion to become the single largest shareholder in Britain’s biggest broadband and mobile company. Bharti Global, the international investment arm of Bharti Enterprises, will buy a 9.99 per cent stake in BT Group from Patrick Drahi’s Altice immediately and purchase the remainder after it secures the necessary regulatory approvals, the firm said in a statement. Read more

The upmove in the stock of Welspun Corp has gained momentum. The stock has surged about 6 per cent on Monday thereby ending the sideways consolidation that was in place since mid-July. Read more

Iron ore producer NMDC has reported a net profit of ₹1,984crore for the first quarter of this fiscal up 20 per cent from the same period last fiscal.

The company recorded a turnover of ₹5,378 crore, with Profit After Tax (PAT) at ₹1,984 crore, and EBITDA of ₹2,725 crore in the first quarter of this financial year. Read more

Favaourable base effect in various sub-groups dragged retail inflation based on Consumer Price Index to a 59-month low of 3.5 per cent. Food inflation dropped to a 13-month low of 5.1 per cent in July. Read more

JSW Steel will invest $120 million (₹1,000 crore) to acquire 66.67 per cent in Australian mining company M Res NSW HCC Pty (M Res NSW) Read more

Benchmark indices pared early losses to end flat on Monday. The Sensex slid 0.07 per cent to settle at 79,648, while the Nifty fell 0.09 per cent to 24,347. Cash market volumes on the NSE were about 9 per cent higher than the previous session. Small-cap index ended well in the positive even as the advance-decline ratio moderated to 0.90:1. Nifty VIX, ended higher by 3.47 per cent at 15.87. Read more

Sunil Mittal’s global ambitions got a further boost with Bharti Global, the international investment arm of Bharti Enterprises set to acquire 24.5 per cent of one of the oldest telecom operator in Europe, British Telecom (BT) Group plc, from Altice UK S.à r.l (Altice UK). Read more