Stock Market Live Updates 8 August 2024: Sensex and Nifty trade weak; RBI keeps policy rates unchanged

Nazara stock rose 1.33% on the NSE to trade at ₹917.55 on receipt of approval from the Committee of Creditors on the Resolution Plan submitted by the company in the Corporate Insolvency Resolution Process of Smaaash Entertainment Private Limited.

Abbott India stock surges 4.13% on the NSE, trading at ₹23,298.95 on Q1 results. Company’s net profit increased by 13 per cent year on year to Rs 328 crore for the first quarter ended June 30, 2024.

Ceigall India focused on specialized infrastructure projects, made a subdued debut on the stock exchanges, listing at Rs. 419 per share. This represents a modest 4% gain over its issue price of Rs. 401. While the IPO received a respectable subscription of 14 times, the actual listing performance fell short of initial expectations, likely influenced by the prevailing market conditions.

The company’s strong focus on specialized infrastructure projects and efficient execution model remain its key strengths. However, the moderate listing highlights the challenges posed by significant contingent liabilities, reliance on government contracts, and intense competition.

Ceigall India’s long-term prospects, despite the muted listing, hinge on its ability to effectively manage these challenges and capitalize on its core competencies. Investors are suggested to hold their position by keeping a stop loss of 378.

Art Nirman (19.99%), Symphony (14.38%), BASF (10.83%), VMart (7.48%), Pidilite (3.31%)

1. Symphony =2500 buy back current price 1500 and record date 21 august

2. ⁠cera = 12000 buy back current price 10000 and record date 16 august

3. ⁠KDDL = 3700 buy back current price 3300 and record date not available

4. ⁠dhanuka = 2000 buy back current price 1800 and record dae 16 august

5. ⁠TTK prestige = 1200 buy back current price 975 and record date 14 august 

6. ⁠AIA engineer= 5000 buy back current price 4500 and record date not availble

Greaves Cotton recorded its standalone net profit for the quarter ended June 2024 at ₹36.55 crore as against ₹33.79 crore in the corresponding quarter last year.

Stock surges 4.32% on the NSE, trading at ₹165.25.

Bank Nifty opened today’s session slightly lower at 50,052, compared to yesterday’s close of 50,119. It is now hovering around 50,110, thereby staying flat so far today.

The breadth of the index shows a bearish inclination as the advance/decline ratio stands at 4/12. HDFC Bank, up 0.4 per cent, is the top performer whereas Punjab National Bank, down 1 per cent, is the biggest loser in Bank Nifty today.

Reserve Bank of India maintained status quo on benchmark rate as per market estimates. 

Current: 6.5% 

Expected: 6.5% 

Previous: 6.5% 

(The policy guidance from RBI governor would be important as maintained key rate unchanged)

Sell, TP Rs 2450

1Q sales/ adj. EBITDA grew 11%/16% yoy, driven by a combination of higher testing per patient &change in product mix 

EBITDA margins came in at 28.2%, (+122bps yoy), driven by improvement in gross margins (better mix) & operating leverage 

DLPA’s core business (ex-Suburban) reported low teen yoy growth, primarily driven by realisation per patient (bundling of tests, product mix) as patient volume growth at mid-single digit remained meaningfully below pre-Covid levels

Sell, TP Rs 260

Margin expansion led by lower markdown, cost control, & rationalization of channel/stores 

With no sign of demand trend improving bundled with high operating & financial leverage, believe impact on ABFRL’s growth & profitability will be highest

OW, TP Rs 555 

1Q sharp miss on margins; will watch for commentary on one-offs/lumpy items 

Consol Rev at Rs63bn (+1.4% YoY, -4% vs JPMe) while EBITDA (Rs9.1bn, -14% YoY) 11% below JPMe 

Expect consensus est. to be revised downwards

Reduce Call, Target Rs 800 

Q1 Results Weaker Than Consensus 

US And India Businesses Improve But Negative Surprises In UK And Africa 

Muted Outlook As Capacity Additions Outpace Demand Growth 

Upside Risks From Solar/EV And Any Capacity Disruptions

Hold Call, Target Raised To Rs 1,920 

Better Mix (Mirabegron Launch In US, Traction In Existing US Pdts) Led EBITDA Margins Beat In Q1 

Lower R&D-Led EBITDA Margin Beat In Q1 

Good Line-Up Of Opportunities In FY25-26 

Timely Approval And Execution Will Be Critical To Sustain US Sales Momentum

Buy Call, Target Rs 1,190 

Expanding TAM To Sustain Strong Growth 

Q1 Ahead; Focus On Affordable Premiumization 

Scale-Up In E4W Components Keep Growth Visibility High 

Stock Trading At 42.3x FY26 EPS, Which Believe Is Attractive Given Strong 24% FY24-27 EPS CAGR 

Jefferies on Pidilite

Hold Call, Target Raised To Rs 3,310

Posted Double-Digit UVG Yet Again - For 3 Consecutive Quarters Now

Rural Growth Outpaced That In Urban

B2B UVG In Q1 (+18%) Outpaced That In B2C (+8%), Led By Exports

Gross Margin Rose To 53.8% (+480 Bps Yoy)

Raise FY25-27 EPS By +4% & Est FY24-27e EPS CAGR At +18%

Macquarie on Pidilite

U-P, TP Rs 2300

In-line 1Q PAT; bullish growth outlook

Like

1) Optimism on market demand & ability to deliver sales growth 

2) strong vol growth across consumer bazaar & B2B segments

3) healthy gross margin 

4) Reduction in WC intensity from 4Q levels

However, weak domestic consumer bazaar subsidiaries’ performance & EBITDA margin (5% margin in 1Q vs 14.3% in 4Q), as well as moderation in international EBITDA margin from 4Q levels, were concerning.

Jefferies on Hindalco

Buy Call, Target Rs 825

Novelis’ Q1 EBITDA Rose 19% Yoy But Was 5% Below Est

Volumes Grew 8% Yoy But EBITDA/T Fell A Slight 3% Qoq To $525

Net Debt Rose 6% Qoq On Working Capital Outflow & Ongoing Capex Spend

Novelis Expects $30 M Impact On Adj EBITDA In Q2 Due To Flooding In Its Swiss Plant

It, However, Maintained Its Mid-Term EBITDA/Tonne Guidance Of $525

JPM on Hindalco

OW, TP cut to Rs 725

See some near term headwinds led by

a) softness in LME prices

b) flooding in Novelis’ Switzerland plant (EBITDA impact of $30mn in 2Q,

c) weakening scrap spreads led by rising prices of UBC

CLSA on Hindalco

O-P, TP Rs 770

Novelis’ 1Q operating in line with vol growth of 8% YoY & Ebitda/t of $525(+10% YoY)

North & South America fared better

Flooding led to a shutdown of its Sierre plant, which it expects to restart at end-2Q, leading to $30m impact on its adj Ebitda

Jefferies on Godrej Cons

Buy Call, Target Rs 1,580

Missed Est Due To Margin Miss In India, Modest Perf In Deos

India Organic Volume Growth At 8% However Stands Out Across Peer-Set

Focus On Launches Continue & GCPL Has Now Forayed Into Rapidly Growing Pet Care

LV Launch Should Drive HI Sales In Coming Qtrs

Excessive Growth Focus Is Evident, Which We Like

MS on Godrej Cons

Equal-Weight Call, Target Rs 1,325

Q1 Revenue Was A Miss While EBITDA Margin Ahead Of Est

While India Business Volumes Were Strong, GAUM Business Performance Remains Weak

Entry Into Pet Care: GCPL To Invest Rs 500 Cr Primarily In Opex, Sales & Marketing Over Five Years

HSBC on Cummins

Buy Call, Target Raised To Rs 4,200

Soft Revenue Growth More Than Offset By A Sharp Improvement In EBITDA Margin

Domestic Growth Outlook Continues To Be Strong; Exports Market Is Seeing Recovery

Raised Medium-Term Growth & Earnings Forecasts

Jefferies on Cummins

Underperform Call, Target Rs 2,190

Q1 EBITDA Was 7% Below Estimates With A 19% Revenue Miss

Powergen Segment Sales Declined 8% Yoy With The Impact Of The CPCB IV + Transition

CPCB II Engines Could Be Sold Only Till 30th June 2024, CPCB IV+ Engines, Which Need 30-50% Price Hikes To Maintain Margins, Should Become Material From Now

FY24-27E EPS CAGR Is Just 18%, As Factor In Margin Weakness Ahead

Nomura on Cummins

Neutral Call, Target Rs 3,740

Buoyant Outlook

Raise EBITDA Margin By 51 Bps/35 Bps/31 Bps For FY25/26/27

Domestic Demand Strong, With Exports Bottoming Out

Demand Agnostic To Price Increase Led By CPCB IV+

Stock Remains Expensive & Trades At 44x/37x FY26F/27F EPS

Nomura on Tata Motors

Buy Call, Target Rs 1,303

Co Launched Its Curvv.Ev On August 7 2024

Believe Tata Curvv Breaks All Key Barriers For EV Adoption

Brings Price Parity Between EV & ICE

It Significantly Reduces Range Anxiety, Offers Real-World Range Of 350-400 Km

Jefferies on Tata Motors

Buy Call, Target Rs 1,330

Cos New Mid-Sized SUV Coupe Curvv Fills A Key Gap In Its Portfolio

Vehicle Appears Well-Styled & Feature-Rich

The EV Comes At An Attractive Price; ICE Launch Is On Sept 2

New Flexible ATLAS Platform Also Offers Potential To Launch More Ices Across 3.9-4.6 M Length

Tata Has Already Made A Big Comeback In Pvs In The Last Four Years

Believe Curvv Has Potential To Further Lift Its Market Share

MS on Tata Motors

Equal-Weight Call, Target Rs 1,178

Tata Launched Its New EV, Curvv, As EV Sales Have Slowed Down

Closely Tracking Success Of This Model

It Will Provide A Broader Read-Across On EV Demand In India

Will Provide Clarity On Whether EV Growth In F26 Will Be V-Shaped Or U-Shaped

ASK Automotive Limited has appointed Shalender Singh Birla as Chief Executive Officer (Operations) - Aluminium Lightweighting Precision Solutions (ALPS) & Cable Division of the Company w.e.f. August 08, 2024.

JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has received a letter of award from Solar Energy Corporation of India Limited for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy.

JSW Energy stock trades flat at ₹691.60 on the NSE.

Exicom Tele-Systems board has approved acquisition of Tritium group of companies’ (Tritium Group) assets and business in the US and Australia through Exicom’s wholly owned step-down subsidiaries.

Stock rises 2.22% on the NSE, trading at ₹398.05.

Top gainers on the NSE as at 9.30 am:

Tata Motors (1.64%), Cipla (1.47%), Titan (0.90%), Dr Reddy’s Lab (0.72%), Hindustan Unilever (0.31%)

Top losers:

ONGC (-1.60%), JSW Steel (-1.58%), Infosys (-1.51%), Shriram Finance (-1.48%), Power Grid (-1.24%)

Tasty Bite Eatables Ltd informed that a minor ammonia gas leak occurred at its plant located in Pune, Maharashtra, on Wednesday, August 07, 2024. No one sustained any serious injury in this incident. The point of leakage has since been rectified.

The initial public offering of Softbank-backed SaaS platform Unicommerce is selling like a hot cake, with retail and non-institutional (HNIs) category of investors pumping in money. In fact, the issue was subscribed within a few hours of opening on Wednesday. Today is the last day to subscribe to the issue.

The IPO, which has a price band of ₹102-108, has been subscribed 12.23 times so far.

Crude oil futures traded higher on Thursday morning as the official data showed a decrease in crude oil inventories in the US for the week ending August 2. At 9.09 am on Thursday, October Brent oil futures were at $78.58, up by 0.32 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $75.55, up by 0.43 per cent. August crude oil futures were trading at ₹6348 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹6327, up by 0.33 per cent, and September futures were trading at ₹6276 against the previous close of ₹6250, up by 0.42 per cent.

RBI Governor Shaktikanta Das to deliver the monetary policy statement on Thursday at 10:00 am, following the Reserve Bank of India’s (RBI) three-day Monetary Policy Committee (MPC) meeting, the post-policy press conference scheduled to be telecast at 12:00 pm on the same day.During this meeting, the RBI is set to announce its decisions on key policy matters, including the repo rate, which has been held steady at 6.5 percent since February 2023. Experts widely expect the repo rate to remain unchanged for the ninth consecutive bi-monthly policy review. - ANI

The Indian rupee is expected to open little changed on Thursday amid a decline in U.S. and Asian equities, while market participants awaited the Reserve Bank of India’s monetary policy decision.

Non-deliverable forwards indicate rupee will open at 83.94-83.96 to the U.S. dollar compared with 83.9550 in the previous session. - Reuters

9:30 AM KIMS Hospitals

Dial: +91 22 6280 1259

Weblink:

10:00 AM R Systems Intl

Dial: +91 22 6280 1139

10:00 AM Signature Globa

Dial: +91 22 6280 1144

Weblink:

10:00 AM Muthoot Cap

Dial: +91 22 6280 1146

Weblink: 

10:00 AM Chemplast

Dial: +91 22 6280 1309

Weblink:

11:00 AM CCL Products

Dial: +91 22 6280 1304

Weblink:

11:00 AM RCMS

Dial: +91 22 6280 1342 

Weblink:

11:00 AM Sukhjit Starch

Dial: +91 22 6280 1550

Weblink:

11:00 AM Happy Forgings Ltd

Dial: +91226280 1366

Weblink:

11:30 AM Gokaldas Export

Dial: +91 22 6280 1523

Weblink: 

12:00 PM Godawari Power

(Conference Transcript (Voice))

Dial: +91 22 6280 1325

Weblink: 

12:00 PM ITD Cementation

(Annual Report)

Dial: +91 44 4770 0316 

Weblink: 

2:00 PM PI Industries

(Results, Investor/Analyst Presentation, Annual Report)

Dial: +91 22 6280 1141

Weblink:

2:00 PM Bharat Forge

Dial: +91 22 6280 1333 

Weblink: 

3:00 PM Deepak Nitrite

(Results, Investor/Analyst Presentation)

Dial: + 91 22 6280 1259

3:00 PM Abans Holdings

Dial: +91 22 6280 1341

Weblink: 

( Hosted by Valorem )

3:00 PM Gujarat Gas

Dial: +91 22 6280 1354

Weblink: 

3:30 PM CL Educate

Weblink: 

4:00 PM Apollo Tyres

No Contact Available

Please check again for details @ www.researchbytes.com 

4:00 PM Shivalik Bimeta

Weblink: 

4:00 PM Sunlite Recycli

Weblink: 

4:00 PM Saksoft

Dial: +91 44 7126 1541

Weblink: 

4:00 PM Lemon Tree Hotel

Dial: + 91 22 6280 1141 

Weblink: 

4:00 PM Radico Khaitan

Dial: +91 22 6280 1116

Weblink: 

4:00 PM Aadhar Housing Finance

Dial: +91 22 6280 1144

Weblink: 

4:00 PM Sanghvi Movers

Dial: +91 22 6280 1190

Weblink: 

4:00 PM Pidilite Ind

Dial: +91 22 6280 1259 

Weblink: 

4:00 PM Bata India

Dial: +91 22 6280 1315 

Weblink: 

4:00 PM Page Industries

Dial: +91 22 6280 1341

Weblink: 

( Hosted by Valorem )

4:00 PM Alembic Pharma

(Press Release )

Dial: +91 22 6280 1411

Weblink: 

4:30 PM Nava Bharat Ven

Dial: +91 22 6280 1144

Weblink: 

5:00 PM Minda Corp

Dial: + 91 22 6280 1123

Weblink: 

5:00 PM DreamFolks

Dial: +91 22 6280 1107

Weblink: 

5:00 PM SULA VINEYARDS

Dial: +91 22 6280 1107

Weblink: 

5:00 PM Neogen

Dial: +91 22 6280 1141

Weblink: 

5:00 PM WPIL

Dial: +91 22 6280 1341

Weblink: 

( Hosted by Valorem )

5:00 PM Kirloskar Oil

Dial: +91 22 6280 1342

Weblink: 

5:00 PM Tega Inds Ltd

Dial: +91 22 6280 1550 

Weblink: 

5:30 PM India Shelter F

Dial: +91 22 6280 1144

Weblink: 

Godawari Power : (replay)

GMM Pfaudler : (replay)

Aditya Birla F : (replay)

Listing Date : Thursday, August 8, 2024 (Today) 

ISIN : INE0AG901020

BSE : 544223 ‘B’ Group

NSE : CEIGALL

NSE Series : EQ

IPO Price : ₹ 401/-

App. Min. Lot : 37 Shares

Adani Energy Solutions Ltd.

BNP Paribas Investments

Bnp Paribas Financial Markets bought 1,23,000 at ₹1,113.65 a share of Adani Energy Solutions Ltd.

TA Associates on Wednesday sold a 4.3 per cent stake in women’s ethnic wear firm TCNS Clothing Co for Rs 159 crore through an open market transaction. A total of 27.50 lakh shares or 4.34 per cent stake in TCNS Clothing Co were offloaded by US-based TA Associates via its arm TA FDI Investors Ltd through separate bulk deals on the National Stock Exchange (NSE) and BSE in the price range of Rs 580.08-580.14 apiece

Last day trade for before split Today

Aartech Solonics Ltd

Stock Split From Rs.10/- to Rs.5/-

Previous day Closing Price – Rs. 223.55

Balmer Lawrie Investments Ltd.

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

Previous day Closing Price – Rs. 997.7

Filatex Fashions Ltd.

Stock Split From Rs.5/- to Rs.1/-

Previous day Closing Price – Rs. 7.12

Maruti Infrastructure Ltd.

Stock Split From Rs.10/- to Rs.2/-

Previous day Closing Price – Rs. 234.3

Rushil Decor Ltd.

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

Previous day Closing Price – Rs. 380.35

Thinkink Picturez Ltd

Stock Split From Rs.5/- to Rs.1/-

Previous day Closing Price – Rs. 27.81

FAALCON CONCEPTS: Company has received order from Altrus Healthcare Opp. Utrakhand Gramin Bank, Dehradun, Utrakhand with order value amounting to Rs. 1,99CR

Adani Enterprise: Adani is planning to raise $1.2 bn for flagship firm via share sale (QIP): Report from Business Standard (The news is neutral as of now till the official details related to QIP prices)

Monarch Networth

Q1FY25 First cut

Sula Vineyards Ltd reported a revenue growth of 11.5% YoY to Rs.1209mn.

Gross margins for the quarter stood at 80.7% vis-à-vis 78.9% YoY.OPM for the quarter is largely flat YoY basis (+0.107 bps) to 28.1%, largely on account of increase in other expenses (+7% YoY) and selling and distribution expenses (+34% YoY). EBITDA for the quarter stood at Rs.340 mn, a growth of 12% YoY.

PAT for the quarter stood at Rs.146 mn, growth of 7% YoY.

Outlook

The company saw revenue growth largely on account of growth in its own brands and WIPS scheme, while wine tourism reported a decline of 2.3% YoY. while facing significant headwinds such as national elections and heatwaves. Expansion Initiatives at ND Wines (Nasik) and Domaine Sula (near Bangalore) are slated to open before the festive period adding impetus to the H2 performance We continue to hold a positive view on the stock and will reassess post the company’s earnings call at 5pm

Invite

Link to Previous report

MNCL Research

Mcap: Rs118.5bn; CMP: Rs1258; TP: Under revision; Rating: ACCUMULATE

Revenue: Rs3.41bn; +3.5% yoy, -0.5% qoq; missed our estimate due to several factors like weak end user industry demand both in domestic (election led) and export (especially US) and delay in machining capacity expansion.

Gross margins: 56.5% vs 57% yoy & 56.5% qoq. 

EBITDA: Rs976mn; -3.8% yoy, +0.5% qoq. 

EBITDA Margins: 28.6%; -218bps yoy, +29bps qoq. Machining content remained at 88%.

PAT: Rs638mn; -0.4% yoy; -3% qoq. 

Our view: Contribution by industrials in 1QFY25 stood at ~10% of revenues, exports were marginally down to 18% of revenues and crankshafts for a leading domestic UV stood at 3.5% of revenues. Machining capacity expansion has been completed in Jun’24/ Jul’24. We expect revenue growth to rebound in rest of quarters led by recovery in the end user demand, increased contribution from domestic UV order and start of commercial production for e-axle orders in 3QFY25. We remain positive on HFL.

TACL reported A 11.8% YoY growth in topline for Q1FY25 to Rs2043mn, a tad lower than our estimate of Rs2121mn. EBITDA margins improved by 66 bps YoY to 14.5%, largely in line with our estimates of 14.6%. EBITDA and PAT stood at Rs297mn and Rs206mn, reporting a growth of 17.1% and 18.4% YoY respectively. This growth is attributed to effective order execution and operational efficiencies. Soft demand in the CV segment was mitigated by enhanced exports and better cost controls.

We continue to remain positive on the company on account of improving order book, and rising contribution from high margin forgings & exports. We will share further details after the concall with the management, scheduled on 8th August.

Signature Global: Net profit at Rs 6.8 cr vs loss Rs 7.2 cr, Revenue at Rs 400 cr vs Rs 170 cr (YoY) 

Bhageria Industries: Net profit at Rs 6.1 cr vs Rs 1.3 cr, Revenue at Rs 112 cr vs Rs 97.5 cr (YoY) 

Chemplast: Net profit at ₹23.9 cr vs loss of ₹63.9 cr, Revenue at ₹1144 cr vs ₹996 cr (YoY)

CCL Products: Net profit at Rs 71 cr vs Rs 61 cr, Revenue at Rs 773 cr vs Rs 655 cr (YoY) 

Gujarat Pipavav: Net profit at Rs 109.6 cr vs Rs 67.8 cr, Revenue at Rs 246 cr vs Rs 215 cr (YoY)

Dr Lal PathLabs: Net profit at Rs 107.8 cr vs Rs 82.6 cr, Revenue at Rs 601.9 cr vs Rs 541 cr (YoY) 

BASF: Net profit at Rs 221 cr vs Rs 161 cr, Revenue at Rs 3935 cr vs Rs 3328 cr (QoQ)

Abans Holdings: Net profit at Rs 22.20 cr vs Rs 19.30 cr, Revenue at Rs 296 cr vs Rs 250 cr (YoY) 

KINGFA Science: Net profit at Rs 39.1 cr vs Rs 35.0 cr, Revenue at Rs 420 cr vs Rs 338 cr (YoY)

Abbott India: Net profit at Rs 330 cr vs Rs 290 cr, Revenue at Rs 1560 cr vs Rs 1479 cr (YoY) 

ITD Cementation: Net profit at Rs 100 cr vs Rs 52.2 cr, Revenue at Rs 2380 cr vs Rs 1832 cr (YoY) 

Radico: Net profit at Rs 77.4 cr vs Rs 68.3 cr, Revenue at Rs 430 cr vs Rs 390 cr (YoY)

BSE: Adjusted Net profit at Rs 265 cr vs Rs 75 cr, Revenue at Rs 608 cr vs Rs 216 cr (YoY)

Authum Investment: Net profit at Rs 1092 cr vs Rs 32 cr, Revenue at Rs 1413 cr vs Rs 62 cr (YoY)

Manaksia: Net profit at Rs 3.0 cr vs Rs 0.1 cr, Revenue at Rs 193 cr vs Rs 172 cr (YoY) 

Kirloskar Oil: Net profit at Rs 160 cr vs Rs 125 cr, Revenue at Rs 1640 cr vs Rs 1543 cr (YoY) 

ESAB: Net profit at Rs 44.4 cr vs Rs 42.4 cr, Revenue at Rs 330 cr vs Rs 298 cr (YoY)

Walchand Nagar: Net loss at Rs 1.7 cr vs loss Rs 11.4 cr, Revenue at Rs 79 cr vs Rs 67 cr (YoY) 

CARE: Net profit at Rs 20.7 cr vs Rs 17.8 cr, Revenue at Rs 79 cr vs Rs 66 cr (YoY) 

Agrawal Industrial: Net profit at Rs 39 cr vs Rs 27 cr, Revenue at Rs 700 cr vs Rs 630 cr (YoY) 

TVS Supply Chain Solutions: Company in multi-year pact with JCB for in-plant logistics at Vadodara, Gujarat 

Godrej Agrovet: Company intends to enter into definitive agreement with Godrej pet care.

MTAR Technologies: Company gets orders worth approx. Rs. 140 Cr

Coromandel International: Company appoints S Sankarasubramanian as MD & CEO of the company 

Phoenix Mills: Company unit Astrea Real Estate acquires 5 land-owning entities in Coimbatore for Rs 370 crore. 

Sapphire Foods: Kotak Mahindra Mutual Fund bought 5.99 lakh shares, representing 0.93% stake at Rs 1,650 apiece. 

Shree Renuka Sugars: Company repaid entire ECB of $300 Million availed from holding Company 

Sterlite Power: Company’s order book has seen a 15% increase quarter-on-quarter. 

Bondada: Company received order worth of Rs 19.8 crore 

Tata Motors: Moody’s upgraded rating for Tata Motors and JLR. 

Godrej Consumer: Net profit at Rs 450.7 cr vs Rs 318.8 cr, Revenue at Rs 3331 cr vs Rs 3448 cr (YoY)

Sanghvi Movers: Net loss at Rs 40.49 cr vs loss of Rs 41.79 cr, Revenue at Rs 151 cr vs Rs 146 cr (YoY) 

Aditya Birla Fashion and Retail: Net loss at Rs 215 cr vs loss of Rs 162 cr, Revenue at Rs 3428 cr vs Rs 3196 cr (YoY)

Welspun Corp: Net profit at Rs 250 cr vs Rs 165 cr, Revenue at Rs 3140 cr vs Rs 4070 cr (YoY) 

KIMS: Net profit at Rs 86.60 cr vs Rs 80.80 cr, Revenue at Rs 690 cr vs Rs 606 cr (YoY) 

Sula Vineyards: Net profit at Rs 14.60 cr vs Rs 13.70 cr, Revenue at Rs 130 cr vs Rs 117 cr (YoY)

Balaji Amines: Net profit at Rs 43.3 cr vs Rs 52.7 cr, Revenue at Rs 385 cr vs Rs 464 cr (YoY)

Apollo Tyre: Net profit at Rs 302 cr vs Rs 397 cr, Revenue at Rs 6334 cr vs Rs 6244 cr (YoY)

Jagsonpal: Net profit at Rs 5.3 cr vs Rs 7.5 cr, Revenue at Rs 61 cr vs Rs 60 cr (YoY)

Bannari: Net profit at Rs 6.4 cr vs Rs 13.6 cr, Revenue at Rs 400 cr vs Rs 431 cr (YoY) 

Aadhar Housing: Net profit at Rs 200 cr vs Rs 150 cr, Revenue at Rs 710 cr vs Rs 590 cr (YoY)

Godfrey: Net profit at Rs 230 cr vs Rs 254 cr, Revenue at Rs 1440 cr vs Rs 1245 cr (YoY) 

Radiant: Net profit at Rs 11.1 cr vs Rs 14.2 cr, Revenue at Rs 100 cr vs Rs 93.4cr (YoY) 

Lemon Tree: Net profit at Rs 19.8 cr vs Rs 23.5 cr, Revenue at Rs 270 cr vs Rs 222 cr (YoY)

Balaji Amines: Net profit at Rs 43.0 cr vs Rs 53.0 cr, Revenue at Rs 385 cr vs Rs 464 cr (YoY) 

NHPC: Net profit at Rs 1108.0 cr vs Rs 1095.0 cr, Revenue at Rs 2694 cr vs Rs 2757 cr (YoY) 

Happy Forgings: Net profit at Rs 63.79 cr vs Rs 64 cr, Revenue at Rs 341 cr vs Rs 330 cr (YoY).

Mutthot Cap: Net profit at Rs 10.8 cr vs Rs 17.8 cr, Revenue at Rs 100 cr vs Rs 107 cr (YoY). 

Bajaj Finserv: Bajaj Allianz General Insurance July premium down 36% at Rs. 2,416 cr.

Hindalco: Novelis Inc said its net sales for the first quarter increased 2% year-on-year to $4.2 billion 

Gensol Engineering: Company board meeting on AUG 12 to consider Q1 results, Company to consider proposal of raising of funds 

Karnataka Bank: Bank enables payment of Goods & Service Tax GST through UPI. 

Marico: Company Says Operating conditions in Bangladesh market are gradually improving. 

Adani Enterprise: Adani is planning to raise $1.2 bn for flagship firm via share sale

Protean eGov: Standard Chartered Bank is likely to sell a 3.09% equity stake in IT-enabled solutions provider through block deals

Maruti: Company said it has issued a recall for 2,555 Alto K10 cars which, it said, are suspected to have a defect in the steering-gear box assembly.

GMM Pfaudler: Net profit at Rs 23.9 cr vs Rs 50 cr, Revenue at Rs 785 cr vs Rs 912 cr (YoY) 

Anjani Portland: Net loss at Rs 19.02 cr vs loss of Rs 13.64 cr, Revenue at Rs 116 cr vs Rs 156 cr (YoY) 

OM Infra: Net profit at Rs 13.1 cr vs Rs 16.0 cr, Revenue at Rs 160 cr vs Rs 263 cr (YoY) 

SKM Egg Products Export: Net profit at Rs 11.87 cr vs Rs 34.9 cr, Revenue at Rs 117 cr vs Rs 203 cr (YoY) 

Veranda Learning: Net loss at Rs 25.16 cr vs loss of Rs 19.30 cr, Revenue at Rs 119 cr vs Rs 68.90 cr (YoY)

Transindia: Net profit at Rs 4.7 cr vs Rs 6.1 cr, Revenue at Rs 18.7 cr vs Rs 26.3 cr (YoY) 

Mazda: Net profit at Rs 2.9 cr vs Rs 7.7 cr, Revenue at Rs 36 cr vs Rs 51 cr (YoY) 

Tasty Bite Eatables: Net loss at Rs 3.7 cr vs profit of Rs 21.4 cr, Revenue at Rs 85.0 cr vs Rs 153 cr (YoY)

GTL Infrastructure: Company gets Rs 894 crore GST show cause notice from GST authority for FY18 

UPL: Moodys downgrades UPL to Ba2, places ratings under review for further downgrade

Eli Lilly and Company (Pre market) (Sector- Healthcare) 

Brookfield Corporation (Pre market) (Sector- Financial) 

Parker-Hannifin Corporation (Pre market) (Sector- Capital Goods) 

CRH PLC (Pre market) (Sector- Construction) 

Cheniere Energy, Inc. (Pre market) (Sector- Energy) 

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

Martin Marietta Materials, Inc (Pre market) (Sector- Construction) 

Vistra Corp. (Pre market) (Sector- Power) 

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

Endeavor Group Holdings, Inc (Pre market) (Sector- Media) 

TKO Group Holdings, Inc (Pre market) (Sector- Media) 

Liberty Media Corporation (Pre market) (Sector- Media) 

NRG Energy, Inc. (Pre market) (Sector- Power) 

Viatris Inc. (Pre market) (Sector- Healthcare) 

US Foods Holding Corp (Pre market) (Sector- Retail) 

Advanced Drainage Systems, Inc. (Pre market) (Sector- Construction) 

EPAM Systems, Inc. (Pre market) (Sector- Technology) 

Lamar Advertising Company (Pre market) (Sector- Realty) 

Insmed Incorporated (Pre market) (Sector- Healthcare) 

CyberArk Software Ltd. (Pre market) (Sector- Technology) 

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

Petroleo Brasileiro S.A. - Petrobras (Post market) (Sector- Energy) 

The Trade Desk, Inc. (Post market) (Sector- Technology) 

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

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

Genmab A/S (Post market) (Sector- Healthcare) 

News Corporation (Post market) (Sector- Media) 

Expedia Group, Inc. (Post market) (Sector- Hotels) 

Credicorp Ltd. (Post market) (Sector- Financial) 

Paramount Global (Post market) (Sector- Media) 

Akamai Technologies, Inc. (Post market) (Sector- Technology) 

Insulet Corporation (Post market) (Sector- Healthcare) 

Natera, Inc. (Post market) (Sector- Healthcare) 

Suzano S.A. (Post market) (Sector- Paper)

10.00 INDIA RBI Monetary Policy (Expected: 6.5% versus Previous: 6.5%)

12.00 INDIA RBI Press Conference

18.00 U.S. Unemployment Claims (Expected: 245K versus Previous: 249K)

* ABCAPITAL

* ABFRL

* BSOFT

* GNFC

* HINDCOPPER

* INDIACEM

* INDIAMART

* LICHSGFIN

* MANAPPURAM

* RBLBANK

08.08.2024

Main Board IPO 

CIEGALL 

Price ₹401 

Lot size. 37 Retails Investor 

HNI 518 shares

NSE SME IPO 

Dhariwal corp 

Price ₹106 

Lot 1200

Turnover: (NSE + BSE)

Cash Volume: 118107.97 + 7411.51 Total: 125519.48

F&O Volume: 426757.66 + 328117.67 Total: 754875.33

Provisional Cash

FII/FPI: NET SELL: -3314.76 

(14094.77 - 17409.53) 

DII: NET BUY: +3801.21

(16070.87 - 12269.66)

Buzzing stocks: Tata Motors, TVS Supply Chain, Protean eGovernnnace, Hindalco, Marico, MTAR Tech, Bondada, Lemon Tree, GTL Infra, Coromandel International, UPL, Sterlite Power, Authum Investment, Shree Renuka Sugars, Alcargo Gati, RMC Switchgears, Sandur Manganese, Bhageria

Asian equities traded lower on Thursday, following a sharp decline in US shares overnight.Japanese stocks halted a two-day rally as the Nikkei 225 fell 1.29%, and the broader Topix slipped 0.88%. South Korea’s KOSPI also dropped 1.21% in early trading.Earlier, US stocks ended lower on Wednesday, with the Nasdaq down 1% amid a decline in technology shares and weak demand in a 10-year Treasury auction, unsettling investors. The Dow Jones Industrial Average fell 234.21 points, or 0.6%, to 38,763.45, the S&P 500 lost 40.53 points, or 0.77%, to 5,199.5, and the Nasdaq Composite dropped 171.05 points, or 1.05%, to 16,195.81.

Here’s an interesting stock idea: The stock idea that we have for you today is Jyothy Labs. This stock has surged over 7 per cent in the last two days recovering all the loss made over the last one week. The momentum is strong and that leaves the chances high for the stock to move higher in the coming days.

Elara Capital

Target: ₹3,600

CMP: ₹4,087.10

BEML Q1 revenue rose 10 per cent y-o-y to ₹630 crore, in line with our estimates. We believe mining & construction 43 per cent share and defence & aerospace 19 per cent share in FY24 may have driven top line, with both segments likely witnessing double-digit growth.

Choice International

Target: ₹2,680

CMP: ₹2,574.80

In Q1FY25, TVS Motors registered in line performance on Revenue/EBIDTA/PAT front (VAR is +/-1 per cent). Revenue under the quarter review improved by 16 per cent y-o-y basis to ₹8,375 crore (vs est. ₹8,440 crore) supported by 1.7 per cent y-o-y increase in ASP and 14.1 per cent volume growth. 

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

The short-term outlook for Jyothy Labs is bullish. The stock has been in a strong uptrend since June this year. The 7 per cent surge over the last two trading days has taken the share price well above the key resistance levels of ₹520 and ₹530. Also, the rise in this week has happened from a trendline support. This strengthens the bullish case. Jyothy Labs share price can rise to ₹575 initially.