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Rupee closed flat at 83.96 against the US dollar.
The currency fell to a record low of 83.99 during the day.
It closed at 83.95 on Wednesday.
Source: Bloomberg
Nifty, Sensex continue downtrend after one day rise
Nifty ends 0.81% or 197 points lower at 24,100.50
Sensex ends 0.73% or 581.79 points lower at 78886.22
Broader indices also ended lower; Nifty Midcap 100 ended 0.35% lower and Nifty Smallcap 250 ended 0.30% down
Among sectoral indices, Nifty IT fell the most and Nifty Pharma was the top gainer
HDFC Life and Tata Motors were top Nifty gainers
LTIMindtree and Grasim Industries were top losers among Nifty stocks
Revenue up 4% at Rs 1,278 crore vs Rs 1,229 crore
EBITDA up 2% at Rs 244 crore vs Rs 239 crore
EBITDA margin at 19.1% vs 19.4%
Net profit up 4.4% at Rs 165 crore vs Rs 158 crore
To consider selling stake in unit SJVN Green Energy on August 13
Source: Exchange filing
UK arm gets in-principal approval to buy Fusebox Games for Rs 228 crore
Source: Exchange filing
Revenue down 27% at Rs 4,074 crore vs Rs 5,572 crore
EBITDA down 48% at Rs 182 crore vs Rs 349 crore
EBITDA margin at 4.5% vs 6.3%
Net profit down 35% at Rs 224 crore vs Rs 343 crore
Net profit up 42% at Rs 64.2 crore vs Rs 45.2 crore
Revenue up 11% at Rs 1,192 crore vs Rs 1,074 crore
EBITDA up 15.1% at Rs 131 crore vs Rs 114 crore
Margin at 11% vs 10.6%
Net profit down 21.1% at Rs 27.1 crore vs Rs 34.3 crore
Revenue down 6.2% at Rs 372 crore vs Rs 397 crore
EBITDA down 26.5% at Rs 41 crore vs Rs 55.8 crore
Margin at 11% vs 14.1%
Revenue up 59.1% at Rs 2,144 crore vs Rs 1,347 crore
EBITDA up 70% at Rs 358 crore vs Rs 211 crore
EBITDA margin at 16.7% vs 15.6%
Net profit up 7.8% at Rs 118 crore vs Rs 109 crore
Net profit up 11.7% at Rs 135 crore vs Rs 121 crore
Revenue up 5.1% at Rs 1,562 crore vs Rs 1,486 crore
EBITDA up 19.1% at Rs 237 crore vs Rs 199 crore
Margin at 15.2% vs 13.4%
Continue to evaluate various financing opportunities
Issues clarification on media reports on Rs 2,500 crore fundraise via NCDs
Source: Exchange Filing
Revenue up 11.7% at Rs 7,196 crore vs Rs 6,440 crore
EBITDA up 2.7% at Rs 1,159 crore vs Rs 1,129 crore
Margin at 16.1% vs 17.5%
Net profit down 3.1% at Rs 571 crore vs Rs 589 crore
Net profit up 13% at Rs 87 crore vs Rs 77 crore
Revenue up 33.6% at Rs 1,010 crore vs Rs 756 crore
EBITDA up 21.7% at Rs 56 crore vs Rs 46 crore
Margin at 5.5% vs 6.1%
Total income up 9.3% at Rs 10,483 crore vs Rs 9,588 crore
Net profit up 17.5% at Rs 481 crore vs Rs 409 crore
In pact with New York-based New Era Cap for expansion in athleisure market
Source: Exchange Filing
Transaction banking business gets deal from UAE's National Bank of Fujairah for digital banking transformation
Source: Exchange filing
Emerges as lowest bidder for project worth Rs 899 crore by Delhi Metro Rail Corp
Company to develop Bhubaneswar Metro over 3 years
Emerges as preferred bidder for Rs 143 crore project to develop Kanpur Central bus terminal
Source: Exchange Filing
Board approves raising up to Rs 2,000 crore
Board approves conversion of $12 million loan given to arm Bharat Forge America into equity
Board approves transfer of 39.43% stake in TMJ Electric Vehicles to arm Bharat Forge International
To transfer stake in JV Refu Drive GmbH to Kalyani Powertrain for a consideration of €11.5 million
Reduces price of lump ore to Rs 5,350/ton
Reduces price of fines to Rs 4,610/ton
Source: Exchange Filing
Total income up 38.7% at Rs 260 crore vs Rs 188 crore
Net profit up 77.5% at Rs 83.3 crore vs Rs 46.9 crore
In pact with Morocco-based Solariz Invest to expands global presence
Introduces flagship basmati rice brand in Morocco via Solariz Invest’s distribution network
Source: Exchange Filing
US jobs data has led to speculations
US overall economic growth doing quite well
Immature to talk about US recession
We will watch all data, deal with situations
India’s resilient to external shocks
Click here for all updates on the RBI monetary policy meeting.
Recent equity fund raise to reduce reduce leverage below previous forecast
Sustenance of lower leverage, demonstrated access to equity, debt markets to support firm’s credit profile
Expect additional equity to bring EBITDA net leverage in FY25 to 5.5 times vs previous estimate of 6.0 times
Expect FY25/26 capex to rise to Rs 15500 crore per year
It weakened to a record low of 83.99 against the US dollar.
It was trading 6.87% as of 10:23 a.m. after opening flat at 6.86%.
Source: Cogencis
Lists at Rs 413 on BSE vs issue price of Rs 401
Lists at a premium of 2.99% on BSE
Lists at Rs 419 on NSE vs issue price of Rs 401
Lists at a premium of 4.49% on NSE
Source: Exchanges
Catch all the updates on RBI Monetary policy meeting here.
To acquire assets & business of Tritium Group in US & Australia via co's arms
Pact with Tritium Group to expand co's EV charger business globally
Source: Exchange Filing
Market breadth was skewed in the favour of buyers. As many as 1,801 stocks rose, 1,057 fell, and 117 remained unchanged on the BSE.
The yield on the 10-year bond opened flat at 6.86%.
It closed at 6.86% on Wednesday.
Source: Bloomberg
Rupee opened flat at 83.94 against the US dollar.
It closed at 83.95 on Wednesday.
Source: Bloomberg
Maintains 'Buy', target at Rs 1303 implying 27% upside
Believes Tata Curvv breaks all key barriers for EV adoption
Latest launch significantly reducing range anxiety amongst consumers
Current market size of the segment at 50,000 units per month
Believes Curvv could gain 10-20% market share in segment, once all variants are launched
Key monitorables: reviews, customer feedback, ICE pricing
Believes passenger vehicle segment growth in second half to be better than first on good monsoons, upcoming festive season
Co's resolution plan for Smaaash Entertainment approved
Co declared as 'Successful Resolution Applicant' in connection with acquisition of Smaaash
Source: Exchange Filing
Maintains 'buy', target at Rs 1330 implying 30% upside
Tata's new mid- sized SUV Curvv fills key gap in portfolio
Tata's new SUV focused strategy has fueled market share recovery to 14% in FY24-Q1FY25
Expect 3,600/5,000 units per month from Curvv in FY25/26
Expect 11%/19% Ebitda/EPS CAGR over FY24-27
Arm gets letter of award from Solar Energy Corp for supply of 230 MW firm & dispatchable renewable energy
Source: Exchange Filing
Revenue up 24.4% at Rs 608 crore vs Rs 488 crore
EBITDA at Rs 284 crore vs Rs 96 crore
Margin at 46.7% vs 19.7%
Net profit Rs 264 crore vs Rs 107 crore
June trade surplus at ¥556.3 bn vs estimate of ¥350.7 bn
June current account surplus ¥1.534 trillion vs estimate of ¥1.865 trillion
June current account surplus at ¥1.534 trillion vs estimate of ¥1.865 trillion
Source: Bloomberg
Results of 128 companies were analyzed.
FY25 Earnings downgrades were more than earnings upgrade
Downgrades for: Lending financials, Consumer discretionary, Cement, Chemical
Upgrades for: Consumer staples, Pharma generics, Capital market cos, Real estate
Key Positive: Improved outlook for IT cos
Key Positive: Firming up of rural demand
General Insurance Corp Gets Show Cause Notice Worth Rs 1,112 Crore From Commissionerate
Ex/record Dividend: Rites.
Ex/record AGM: Udaipur Cement Works.
Moved out short-term Framework: Pondy Oxides & Chemicals, Vishnu Prakash R Punglia.
Apollo Hospitals Enterprise: Promoter Suneeta Reddy revoked a pledge for 2.5 lakh shares on Aug. 5.
Lloyds Metals and Energy: Promoter Thriveni Earthmovers created a pledge for 1.02 crore shares on Aug. 5.
Adani Power: Promoter Hibiscus Trade and Investment Ltd. bought 92 lakh shares on Aug. 5.
Sapphire Foods Stake Worth Rs 394 Crore Sold By Mauritius-Based Firm
Shanti Educational Initiatives: Legends Global Opportunities (Singapore) Pte. Ltd. bought 8 lakh shares (0.49%) at Rs 145.55 apiece, and Lgof Global Opportunities Limited sold 8 lakh shares (0.49%) at Rs 145.55 apiece.
Adani Energy Solutions: Bnp Paribas Financial Markets bought 1.23 lakh shares (0.01%) at Rs 1113.65 apiece, and Citigroup Global Markets Mauritius Pvt Ltd sold 1.23 lakh shares (0.01%) at Rs 1113.65 apiece.
ADF Foods: Dovetail Global Fund PCC-Marcellus India Fund bought 38.45 lakh shares (3.49%) at Rs 220 apiece, and Infinity Holdings sold 38.45 lakh shares (3.49%) at Rs 220 apiece.
Brainbees Solutions: The public issue was subscribed to 0.3 times on day 2. The bids were led by institutional investors (0.03 times), retail investors (1.06 times) and reserved for employees (3.44 times) and non-institutional investors (0.3 times).
Unicommerce eSolutions: The public issue was subscribed to 12.23 times on day 2. The bids were led by institutional investors (0.8 times), retail investors (35.57 times) and non-institutional investors (19.51 times).
BNP Paribas Acquires Adani Energy Shares Worth Rs 13.69 Crore
Welspun Corp Q1 Results: Profit Up By 47%, Meets Estimates
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