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Market breadth was skewed in favour of sellers. Around 2,176 stocks rose, 1,666 stocks fell, and 103 stocks remained unchanged on BSE.
Revenue at Rs 1,228.8 crore vs Rs 1,200 crore, up 2.4%
Ebitda at Rs 229.71 crore vs Rs 192.75 crore, up 19.17%
Margin at 18.69% vs 16.06%
Net profit at Rs 152.4 crore vs Rs 123.7 crore, up 23.2%
Revenue up 25.4% at Rs 1,230.4 crore vs Rs 981.2 crore
EBITDA up 39% at Rs 184.5 crore vs Rs 132.8 crore
Margin at 15% vs 13.5%
Net profit up 97.2% at Rs 91.3 crore vs Rs 46.3 crore
Revenue down 6.2% to Rs 337.5 crore from Rs 359.8 crore
EBITDA of Rs 80.89 crore vs EBITDA loss of Rs 129.9 crore
Margin at 24%
Net loss of Rs 194.6 crore vs loss of Rs 463.6 crore
ASK Auto Automotive will enter into two-wheeler alloy wheels segment.
The company partnered up with LIOHO Machine Works Limited, Taiwan to develop a new product line, and technical assistances.
The partnership is spanned over seven years.
Source: Exchange Filings
Zydus Lifesciences received approval from the U.S. Food and Drug Adminstration for Dexamethasone Tablets.
Alert: Dexamethasone Tablets is a generic of Decadron Tablets
Source: Exchange Filing
Revenue up 9.2% to Rs 123.6 crore from Rs 113.2 crore
Ebitda fell 3.4% to Rs 54.51 crore from Rs 56.45 crore
Margin fell 576 bps to 44.1% from 49.9%
Net profit fell 4.1% at Rs 37.36 crore from Rs 38.94 crore
Revenue at Rs 2,324.4 crore vs Rs 2,049.3 crore, up 13.4%
Ebitda at Rs 187.45 crore vs Rs 161.09 crore, up 16.4%
Margin at 8.06% vs 7.86%
Net profit at Rs 237.1 crore vs Rs 126.4 crore, up 87.6%
In pact to supply seat-trim to KIA
Source: Exchange Filing
Revenue at Rs 804.83 crore vs Rs 703.67 crore, up 14.37%
Ebitda at Rs 38.67 crore vs Rs 32.69 crore, up 18.29%
Margin at 4.8% vs 4.64%
Net profit at Rs 18.05 crore vs Rs 15.14 crore, up 19.22%
Revenue up 39.9% at Rs 453.6 crore vs Rs 324.4 crore
EBITDA up 67% at Rs 75.1 crore vs Rs 44.98 crore
Margin up 268 bps at 16.6% vs 13.9%
Net profit up 83.8% at Rs 55.88 crore vs Rs 30.4 crore
Revenue at Rs 428.8 crore vs Rs 367.9 crore, up 16.6%
Ebitda at Rs 61.2 cr vs Rs 51.2 cr, up 19.4%
Margin at 14.3% vs 13.9%, up 34 bps
Net profit at Rs 34.6 crore vs Rs 27.7 crore, up 24.9%
Revenue up 1% at Rs 1,047 crore vs Rs 1,037 crore
EBITDA down 37.5% at Rs 55.88 crore vs Rs 89.44 crore
Margin down 328 bps at 5.3% vs 8.6%
Net profit down 27.3% at Rs 48.2 crore vs Rs 66.3 crore
Clarifies on media report of SBI selling stake in bank via block deal
Calls news report 'speculative', says bank not involved in any negotiations with respect to the news item
Source: Exchange filing
Revenue up 15.5% at Rs 138.6 crore vs Rs 120 crore
EBITDA up19.7% at Rs 25.35 crore vs Rs 21.18 crore
Margin at 18.3% vs 17.6%
Net loss of Rs 23.55 crore vs profit of Rs 5.04 crore
Revenue at Rs 192.84 crore vs Rs 190.41 crore, up 1.27%
Ebit at Rs 30.13 crore vs Rs 31.12 crore, down 3.19%
Margin at 15.62% vs 16.34%, down 71 bps
Net profit at Rs 22.54 crore vs Rs 25.28 crore, down 10.83%
Revenue at Rs 1,005.6 crore vs Rs 993 crore, up 1.3%
Ebitda at Rs 178.5 crore vs Rs 170.6 crore, up 4.7%
Margin at 17.75% vs 17.17%, up 57 bps
Net profit at Rs 135.23 crore vs Rs 124.8 crore, up 8.4%
Revenue up 43.4% at Rs 1,653.5 crore vs Rs 1,152.8 crore
EBITDA of Rs 23.45 crore vs EBITDA loss of Rs 11.12 crore
Margin at 1.41%
Net profit of Rs 187.3 crore vs loss of Rs 34.6 crore
Revenue up 62.9% at Rs 1,251.7 crore vs Rs 768.5 crore
EBITDA up 22.4% at Rs 49.1 crore vs Rs 40.13 crore
Margin down 129 bps at 3.9% vs 5.2%
Net profit up 75.4% at Rs 49.1 crore vs Rs 28 crore
The scrip fell as much as 5.52% to Rs 462.70 piece, the lowest level since May 19. It pared gains to trade 3.2% lower at Rs 417.90 apiece, as of 1:20 p.m. This compares to a 0.6% decline in the NSE Nifty 50 Index.
It has fallen 11.38% in the last twelve months. Total traded volume so far in the day stood at 2.6 times its 30-day average. The relative strength index was at 24.80, indicating that the stock may be oversold.
Revenue up 29.6% at Rs 665.4 crore vs Rs 513.5 crore
EBITDA at Rs 35.4 crore vs Rs 3.11 crore
Margin up 471 bps at 5.32% vs 0.6%
Net profit at Rs 45.6 crore vs loss of Rs 5.7 crore
Revenue down 3.2% at Rs 403.2 crore vs Rs 416.4 crore
EBITDA down 55.7% at Rs 12.9 crore vs Rs 29.1 crore
Margin down 378 bps at 3.2% vs 7%
Net profit down 98.5% at Rs 0.3 cr vs Rs 19.6 crore
How To Spot Asymmetry In Stocks With Earnings Catalyst, According To Samvitti Capital
Shares of General Insurance Corporation Ltd. rose on Thursday after it reported a jump in the third quarter consolidated net profit.
The scrip rose as much as 15.81% to hit fresh life high of 467.80. The last life high was on Oct. 24, 2017. It pared gains to trade 12.89% higher at Rs 456 apiece, as of 11:18 a.m. This compares to a 0.82% decline in the NSE Nifty 50 Index.
It has risen 185.80% in the last 12 months. Total traded volume so far in the day stood at 14 times its 30-day average. The relative strength index was at 78 indicating it was overbought.
Out of five analysts tracking the company, two maintain a 'buy' rating and three suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 190.5%.
In pact to modernise IT infrastructure, digital workplace
Source: Exchange Filing
11.1 lakh shares changed hands in a large trade
0.01% equity changed hands at Rs 74.5 apiece
Buyers and sellers not known immediately
Source: Bloomberg
Price target of Rs. 2,700
Slower growth in Q4 revenue driven by pricing and mix
Some pricing/distribution upside could taper going forward
Volume rebound may be key to sustain growth
As company approaches its medium term target it may get into consolidation mode
RBI Monetary Policy Live: Repo Rate Unchanged At 6.5%, FY25 GDP Growth Seen At 7%
The yield on the 10-year bond trade flat at 7.07%.
Source: Bloomberg
The scrip rose as much as 10% to Rs 2,639.50 piece, its lifetime high level. It pared gains to trade 5.6% higher at Rs 2,534.90 apiece, as of 10:01 a.m. This compares to a 0.17% advance in the NSE Nifty 50 Index. It has risen 72.75% in the last twelve months.
Source: Exchange filing
Q3 7.7% YoY revenue growth higher than peers, in line with estimates
Only paint firm with faster growth in Tier 3 & 4 market vs Tier 1 & 2
2.7% price cut to impact value growth in near term
GPM expansion of 638bp in-line with estimate
Expect moderation in A&P spends going forward to support margins
Cut FY24F/25F/FY26 EPS by 3%/5%/3%
Q3 6% YoY revenue growth in line with brokerage estimates
KNPL expects double-digit volume growth in Decorative to sustain in FY25
Price cuts of 2.7% price cuts to moderate value growth in near term
Cut FY24F/25F/26F EPS by 1%/4%/3% to factor in Q3 results
Key risk: Slower decorative, industrial paints volume growth
4.63% equity changed hands in multiple pre-market large trades
Buyers and sellers not known immediately
Source: Bloomberg
HCL Tech hits fresh record high at Rs 1,639.9
Cipla hits fresh record high at Rs 1,454
SBI hits fresh record high at Rs 684.55
Sun Pharma hits fresh record high at Rs 1,505
Dr Reddy's Lab hits fresh record high at Rs 6,219.95
BPCL hits fresh record high at 621.7
The broader markets outperformed as the BSE MidCap rose 0.98%, while the BSE SmallCap was 0.34% higher. Eighteen out of the 20 sectors compiled by the BSE advanced, while two declined.
The market breadth was skewed in the favour of buyers. As many as 1,870 stocks advanced, 1,123 declined and 105 remained unchanged on the BSE.
At pre-open, the S&P BSE Sensex Index was up 318.82 points, or 0.44%, at 72,470.82 while the NSE Nifty 50 was at 22,009.65, up 79.15 points or 0.36%.
The local currency strengthened 3 paise to open at 82.94 against the U.S dollar on Thursday.
It closed at 82.97 on Wednesday
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.07% on Thursday
Source: Bloomberg
55% of 11 covered stocks beat/met Q3 expectations
Margin rise of 70 bps on easing commodity prices, except for UPL
Pipes saw highest YoY margin rise of 220bps on stabilized PVC prices
Discretionary demand softness affected B2C mix for Havells, Polycab, and Whirlpool
Bullish on capex & housing theme, and EMS
Top Picks: Supreme Industies, Amber Enterprise, Kajaria Ceramics
Cautious on White Goods- Havells, Whirpool and high-PE stocks- Dixon Tech and Astral
Australian customer invokes outstanding bank guarantee amounting to Rs 89.7 crore
Complete funds have been transferred to the guarantee issuing bank
Australian customer issued a notice terminating EPC and O&M contract
Notice from Australian customer strongly refuted by co's subsidiary
Subsidiary will initiate legal actions against Australian customer
Source: Exchange filing
Motilal Oswal Maintains BUY On Nestle India; Target At Rs 2400 On Expensive Valuations
Q3 performance in line with estimates
Packaged food penetration improvement in tier-2 and rural markets
Operating costs not higher vs peer due to safety form local competition
Expects to sustain EBITDA margin at 25% for FY25/FY26
Delhivery is in Citi's India top mid- cap pick
Delhivery’s e-commerce positioning improving on increased focused on D2C and pricing environment
Delhivery’s relatively strongest proposition are its mid-mile capabilities
Q3 e-commerce yields up 8% QoQ on no price hikes were undertaken
3Q share of higher-weight parcels higher than other quarters
Orders across its T&D, civil construction and solar businesses from Indian and American clients
Source: Exchange filing
Downgrades long-term rating on UPL Corp to 'BB' from 'BB+' earlier
Rating downgraded on weak cash flow and poor operating environment
Source: S&P
Q3 shows stellar performance in weak market
Healthy scale up within Zudio offers runway for growth over next 3-5 years
Grocery segment presents huge opportunity for growth
Expect standalone revenue/EBITDA CAGR of 30%/31% over FY24-26
Target Price of Rs 650
Q3 results in-line with slight acceleration in revenue outperformance vs. key client
Anticipates healthy 16% CAGR over FY23-26e
Expects growth at 1.5x of underlying industry
Expects further share gains in 2W lighting, alloy wheels, seating and airbags
Consumer prices fall 0.8% YoY in Jan vs estimates of a 0.5% fall
Producer prices fall 2.5% YoY vs estimates of a 2.6% fall
Source: Bloomberg
Mangalore Chemicals announce Merger With Paradeep Phosphates
Investors to get 187 shares of PPL for every 100 equity shares of MCFL
Swap ratio implies an upside potential of 18%
Revenue at Rs 7,780.2 crore vs Rs 8,653.4 crore, down 10.1%
Net profit at Rs 1,438.8 crore vs Rs 1,232.3 crore, up 16.8%
Solvency ratio at 2.94 vs 2.38
Asia Stocks Edge Higher As S&P 500 Sets New Record: Markets Wrap
ONGC Inks JV Pact With NTPC For Renewable Energy
Welspun Enterprises Bags Rs 4,128 Crore Water Treatment Plant Contract
Indus Tower: U.S.-Based Artisan Partners Pares Stake For Rs 717 Crore
Vibhor Steel Tubes Sets IPO Price Band At Rs 141–151 Per Share
Ashoka Buildcon Wins Contract Worth Rs 520 Crore From NHAI
Finance Ministry Calls For GST Reduction On Insurance Among Other Demands In Lok Sabha
Power Grid Corporation Net Profit Rises 11% To Rs 4,028 Crore In Q3
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