Share Market Highlights 08 May 2024: Sensex, Nifty settle flat; BPCL, Hero Moto Corp shine, Dr Reddy’s, Asian Paints drag

Benchmark Sensex declined over 45 points in highly volatile trade on Wednesday, tracking weak Asian markets and continuous foreign fund outflows.

Declining for the second straight session, the 30-share BSE Sensex fell 45.46 points or 0.06 per cent to settle at 73,466.39. During the day, it went lower by 437.93 points or 0.59 per cent to 73,073.92.

The NSE Nifty remained unchanged at 22,302.50.

The rupee settled for the day on a flat note at 83.51 (provisional) against the US dollar on Wednesday, as the support from easing crude oil prices was negated by strong dollar demand.

“The Indian market echoed subdued investor sentiments akin to those of its Asian peers, and on worries about declining voter turnout. Despite domestic Q4 earnings largely meeting estimates, the earnings landscape appears to be moderating. A sector-specific action was visible in FMCG and auto stocks, aided by an expectation of a revival in rural demand in H1FY25,” Vinod Nair, Head of Research, Geojit Financial Services said.

Infosys has announced a collaboration with Yunex Traffic to accelerate SAP S/4HANA-led digital transformation journey across 16 countries, including the United States, United Kingdom, and Germany. 

Infosys stock closed at ₹1,428 on the NSE, down 0.90%.

The BSE Sensex fell 45.46 pts or 0.06% to 73,466.39 and the NSE Nifty gained 0 pts or 0.00% to 22,302.50.

Energy Mission Machineries (India) Ltd, an Ahmedabad-based company dealing in designing and manufacturing a diverse range of sheet metal machinery, is planning to raise up to ₹41.15 crore from its SME public issue. 

The number of stocks that recorded a 52-week high was 148, and those that hit a 52-week low was 28. In addition, 264 stocks traded in lower circuit, while 243 hit the upper circuit.

Hero MotoCorp reported its consolidated net profit for the quarter ended March 2024 at ₹943.46 crore as against ₹810.80 crore in March 2024 quarter.

The NII portion has been subscribed 0.97 times, retail 1.95 times, and those reserved for employees 1.41 times. The issue closes on May 10.

The QIB portion has been subscribed 0.32 times, NII 0.26 times, retail 0.26 times, and those reserved for employees 1.39 times. The issue closes on May 10.

Balaji Amines reported its consolidated net profit for the quarter ended March 2024 at ₹72.48 crore as against ₹55.21 crore in the corresponding quarter last year.

Cipla stock declines 0.35% on the NSE, trading at ₹1,382.35.

Swan Energy Limited has been empaneled with Telecommunications Consultants India Limited for a tie-up in the field of system integration, smart city (waste management), artificial intelligence, GIS-based surveys and mapping- land, property, and utilities.

The Canara Bank reported its consolidated net profit for the quarter ended March 2024 at ₹3,793.21 crore as against ₹3,232.84 crore in the corresponding quarter previous year. 

Stock inches up 0.29% on the NSE to trade at ₹578.45.

Voltas has received an order from the Office of the Superintendent, CGST & Central Excise, Range I, Division IV, Indore demanding tax of ₹10 lakh plus interest thereon and also penalty of ₹1 lakh under Section 73 of the Integrated Goods and Services Tax Act, 2017, Central Goods and Services Tax Act, 2017 and MP Goods and Services Tax Act, 2017 for the financial year 2018-19 for dis-allowance of input tax credit due to returns filed by the suppliers after cut-off date or cancellation of GSTIN of suppliers with retrospective effect. The company is in the process of filing an appeal against the said order.

Voltas stock trades at ₹1,315 on the NSE, down by 5.34%.

Copper futures on the Multi Commodity Exchange (MCX) has been steadily gaining since mid-February. It established a rally on the back of support at ₹700. Read more

Larsen & Toubro Ltd secured orders in the renewables and grid systems sector. The power transmission and distribution business of L&T won contracts to establish two floating solar plants in India, with capacity of 150 MWac, along with a ground-mounted solar PV of 120 MWac capacity. Read more

Delta Corp board has approved the proposal for entering into a partnership with Alpha Alternatives Fund Advisors LLP and its affiliates (including Arsenio Strategies Private Limited) and any funds managed by Alpha Alternatives Fund Advisors LLP and Peninsula Land Limited (PLL) to establish a real estate development platform (RE Platform), which would deploy an aggregate amount of up to ₹765 crore in residential re-development in the Mumbai Metropolitan Region.

Delta Corp stock rises 1.16% on the NSE, trading at ₹121.60

The Motilal Oswal Asset Management Company’s Global Market snapshot report says Nifty Microcap 250 and Nifty Smallcap 250 have emerged as the best performing Index, with a growth of 10.6% & 10.5% in April, respectively.

TBO Tek IPO has been subscribed 0.30 times as of 12.03 pm on opening day - May 8, 2024. The NII portion has been subscribed 0.45 times, retail 0.94 times, and that reserved for employees 0.81 times. The issue closes on May 10.

Major gainers: BPCL (2.43%), Coal India (2.34%), NTPC (1.78%), Power Grid (1.64%), Tata Consumers (1.36%)

Major losers: Dr Reddy’s Lab (-3.40%), Asian Paints (-2.35%), Hindustan Unilever (-2.01%), Shriram Finance (-1.29%), HCL Technologies (-1.22%)

A total of 2,118 stocks advanced on the BSE at 12 noon on May 8, 2024, against 1,443 stocks that declined; 160 stocks remained unchanged. Total stocks traded were 3,721. The number of stocks that recorded a 52-week high was 125, and those that hit a 52-week low was 23. 

In addition, 219 stocks traded in the lower circuit, while 219 hit the upper circuit.

Rattanindia Enterprises Ltd’s subsidiary Revolt Motors announced new pricing structure for its RV400 and RV400 BRZ models to make them more affordable for consumers. Read more

NSE Nifty50 witnessed a bearish opening today at 22,231 compared to yesterday’s close of 22,303. At the end of first hour of trading the index declined by 0.35 per cent. Read more

Bank Nifty began today’s session slightly lower at 48,124 versus yesterday’s close of 48,285. The index is now at 47,920, down 0.75 per cent. Read more

Major gainers: Cartrade (9.57%), IFIC (6.70%), Century Textiles (6.56%), Tega Industries (6.17%), IGL (6.02%)

Major losers: Sonata Software (-13.79%), Rainbow (-6.03%), Jindal Saw (-5.31%), Voltas (-5.29%), Chennai Petroleum Corp (-4.90%)

Sonata Software plunges 14.06% on the NSE, trading at ₹548.45 after Q4 results. 

The company’s board had approved merger of Encore I.T. Services Solutions Private Limited (a wholly-owned subsidiary) with the company.

Aadhar Housing Finance IPO has been subscribed 0.05 times as of 10.45 am on its opening day - May 8, 2024. The NII portion has been subscribed 0.07 times, retail 0.07 times, and those reserved for employees 0.42 times. The issue closes on May 10.

Indegene IPO has been subscribed 8.99 times as of 10.39 am on May 8, 2024. The QIB portion has been subscribed 5.60 times, NII 24 times, retail 4.51 times, and those reserved for employees 3.63 times. The issue closes today.

Equity benchmarks BSE Sensex and NSE Nifty50 opened in red on Wednesday. While the Nifty was down by 0.26 per cent, or 57 points, at 22,245, the Sensex was at 73,307, down by 0.28 per cent, or 204 points. Read more

GTPL Hathway Limited has launched linear television content on connected TVs through TVKey Cloud, a joint solution developed by NAGRA and Samsung. The stock rises 1.81% on the NSE, trading at ₹174.45.

L&T’s power transmission & distribution business has bagged multiple orders worth ₹5,000-₹10,000 crore in India and abroad. The stock declines 1.15% on the NSE, trading at ₹3,388.40.

Jupiter Wagons board has approved raising of funds aggregating up to ₹1,000 crore through Qualified Institutions Placement (QIP).

The company reported a consolidated net profit of ₹104.62 crore for the quarter ended March 2024, as against ₹39.21 crore in the March 2023 quarter. 

Stock inches up 0.44% on the NSE at ₹407.

Major gainers: Coal India (1.84%), BPCL (1.37%), Tata Steel (0.76%), Maruti (0.69%), Reliance (0.56%)

Major losers: Dr Reddy’s Lab (-3.69%), L&T (-1.57%), Asian Paints (-1.31%), Hindustan Unilever (-1.16%), HDFC Bank (-1.09%)

The ₹1,550-crore initial public offering of travel distribution platform company TBO Tek will open today for public subscription and close on May 10. The IPO comes with a price band of ₹875-920 and market lot of 16 shares. Read more

Crude oil futures traded lower on Wednesday morning as the industry data showed increase in crude oil inventories in the US for the week ending May 3. At 9.08 am on Wednesday, July Brent oil futures were at $82.91, down by 0.30 per cent, and June crude oil futures on WTI (West Texas Intermediate) were at $78.19, down by 0.24 per cent. May crude oil futures were trading at ₹6536 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday morning against the previous close of ₹65852, down by 0.74 per cent, and June futures were trading at ₹6530 against the previous close of ₹6577, down by 0.71 per cent. Read more

G.M.Breweries Ltd.

Dividend Per Share Rs.7

Previous day Closing Price – Rs. 766.15

Ex-Dividend 09 May 2024 (Tomorrow)

Last date for Cum-Dividend Today

Citi on PB Fintech: Maintain Buy on Company, raise target price at Rs 1435/sh (Positive) 

Investec on Godrej CP: Maintain Buy on Company, raise target price at Rs 1431/sh (Positive) 

UBS on GAIL: Maintain Buy on Company, raise target price at Rs 250/sh (Positive) 

Emkay on Metropolis: Initiate Buy on Company, target price at Rs 2200/sh (Positive) 

Emkay on Dr Lalpathlabs: Initiate Buy on Company, target price at Rs 2800/sh (Positive) 

Emkay on Vijaya Diagnostics: Initiate Add on Company, target price at Rs 725/sh (Positive) 

Citi on Navin: Maintain Buy on Company, raise target price at Rs 3900/Sh (Positive) 

GS on Pidilite: Maintain Buy on Company, target price at Rs 2850/sh (Positive) 

Jefferies on JSW Energy: Maintain Buy on Company, target price at Rs 690/sh (Positive) 

Nomura on Dr Reddy: Maintain Neutral on Company, target price at Rs 6499/Sh (Neutral) 

Jefferies on Dr Reddy: Maintain Neutral on Company, cut target price at Rs 5170/Sh from Rs 5190/Sh (Neutral) 

Jefferies on Navin: Maintain Hold on Company, target price at Rs 3070/Sh (Neutral) 

MS on Concor: Maintain Equal weight on Company, target price at Rs 1076/sh (Neutral) 

MS on PB FIntech: Maintain Equal weight on Company, target price at Rs 1010/sh (Neutral) 

Citi on Vodafone: Maintain Neutral on Company, target price at Rs 15/Sh (Neutral) 

Nuvama on Vodafone: Maintain Hold on Company, target price at Rs 14/Sh (Neutral) 

CLSA on Godrej CP: Maintain Sell on Company, raise target price at Rs 1079/sh (Neutral) 

MS on SRF: Maintain Overweight on Company, target price at Rs 2557/sh (Neutral) 

Emkay on Godrej CP: Maintain Add on Company, target price at Rs 1350/sh (Neutral) 

Nuvama on CG Power: Maintain Buy on Company, target price at Rs 640/Sh (Neutral) 

Nomura on M&M FIn: Maintain Reduce on Company, target price at Rs 240/sh (Neutral) 

Citi on JSW Energy: Maintain Sell on Company, target price at Rs 435/sh (Neutral) 

Jefferies on IGL: Maintain Neutral on Company, target price at Rs 450/sh (Neutral) 

UBS on Max FIn: Maintain Buy on Company, target price at Rs 1270/sh (Neutral) 

HSBC on Credit Access: Maintain Buy on Company, cut target price at Rs 1800/sh (Neutral) 

GS on Credit Access: Maintain Buy on Company, target price at Rs 1795/sh (Neutral) 

Emkay on Jubilant Food: Maintain Sell on Company, target price at Rs 420/sh (Neutral) 

Macquarie on Pidilite: Maintain Underperform on Company, target price at Rs 2300/sh (Neutral) 

UBS on Voltas: Maintain Buy on Company, target price at Rs 1800/sh (Neutral) 

Nomura on Voltas: Maintain Buy on Company, target price at Rs 1450/sh (Neutral) 

MS on Voltas: Maintain Equal weight on Company, target price at Rs 1160/sh (Neutral) 

Investec on Voltas: Maintain Hold on Company, target price at Rs 1100/sh (Neutral) 

Macquarie on Voltas: Maintain Neutral on Company, cut target price at Rs 842/sh (Negative)

Macquarie On Project Finance Draft

Project Finance Heads Believe RBI Rules Are Quite Onerous

‘Less Inclined To Do Project Finance If RBI Rules Are Implemented’

Bks Will Significantly Scale Back Proj Fin Credit If Implemented In This Form

RBI Rules Include Even Non-infra Project Finance

Even A Small SME Project Finance Exposure Gets Included

Wide Range Of Exposures Coming Under The Ambit Is Punitive

Many Projects Have More Than 6 Months Moratorium As Nature Of Project Is Different

RBI Rules State That 1% Provisions Can Take Place Only After 20% Repayment Of Debt

It Usually Takes 6-7 Years To Achieve Repayment Of 20% Debt

In The Interim, Banks Will Have To Carry Between 2.5%-5% Of Loan Amt As Provisioning

Additional Disclosures To Be Made On A Quarterly Basis …

[9:02 am, 8/5/2024] KS BadriNarayanan: Jefferies on SRF

Underperform Call, Target Rs 2,065

Q4 EBITDA Declined 25% YoY & 7% Below Estimate On Weakness In Packaging

Chemicals EBIT Was 8% Ahead Of Est On Refgas Price Revival

Mgmt Called Out Inventory Destocking & Pricing Pressure From Apparent Chinese Dumping

Co Remains Hopeful Of A H2FY25 Recovery

MS on SRF

Overweight Call, Target Rs 2,557

Chemicals Were Slightly Ahead; Packaging And Textiles Missed

Lower Tax Rate Underpinned PAT Beat

EBITDA Missed With A Beat In Chemicals Offset By Another Tough Quarter For Packaging & Textiles

Depreciation & Interest Expense Saw An Increase QoQ Reflecting Commissioning Of Key Projs

MS on CONCOR

Upgrade To Equal-Weight, Target Raised To Rs 1,076

Expect Rail Freight Market Share To Increase From 29% In FY24 To 35% In FY31

Expect Co To Be A Strong Beneficiary Of Volume Growth

Expect Margin Benefits From Double Stacking To Be Passed Along The Channel

MS on PB Fin

Equal-Weight Call, Target Rs 1,010

Core Business Beat Was Led By Strong Insurance New Business Growth

Disbursement Growth Was Weaker Due To Tighter Credit Supply

Adjusted EBITDA Margin Reached A New High

Investor Focus Will Be On Sustainability Of Premium Momentum & A Pickup In Credit Biz

HSBC on Credit Access

Buy Call, Target Rs 1,800

Q4 Reported Profit Was Marginally Ahead Of Estimates On Stable Margins & Lower Expenses

Portfolio At Risk 30/60/90 Rose, As Did Credit Cost Guidance For FY25

At 98.3%, Collection Efficiency Is Healthy

Co Trading At 2.8x FY26 BVPS

CLSA on IRB Infra

Buy , TP Rs 81

Key message from Q4 was that apart from 69% PAT growth in FY24, it should fire on both cylinders of toll traffic & a pickup in EPC over FY25-27CL

Think IRB has steam left from re-leveraging its equity.

CITI on Pidilite

Sell, TP Rs 2200

4Q: Miss on all fronts

EBITDA/PAT (before exceptional items) missed Citi est by 14%/20%

EBITDA margin expansion of 280bps YoY (- 380bps QoQ to 19.9%) lagged GM improvement

Management highlighted that there may be short-term softness

CITI on Voda Idea

Neutral; TP Rs 15 (Bull case TP Rs 25)

Stars finally aligning following long-delayed equity raise

With Rs200bn equity raise(+Rs250bn debt raise) enabling to accelerate network investments & narrow gap with peers on 4G coverage & 5G rollouts

A lot, however, still needs to fall into place, starting with (multiple) tariff hikes & arresting the subscriber decline, and ideally culminating in (some form of) debt relief

Increase FY25-26E EBITDA by 5-18%

Bull Case – TP Rs 25

Key assumptions behind bull case

1) Higher tariff hikes (c.20% each), taking FY28E ARPU to Rs250;

2) Higher sub adds;

3) Decline in AGR debt by >50% (c.Rs350bn);

4) FY28E net debt/EBITDA of 5x.

BoFA Sec on Axis BK

Upgrade to Buy, TP Rs1390

Now delivering on multiple fronts (growth, liquidity, NIMs)

See further scope for absolute/relative valuation re-rating in FY25 

Sub-optimal capital remains key investor concern – could be potentially addressed in FY25

BoFA Sec on Kotak BK

Upgrade to Buy, TP Rs1950

Valuations now offer enough margin of safety

Core attractiveness still remains – a much superior RoA profile versus peers, inline/better growth outlook & confidence on asset quality outlook

BoFA Sec on Federal BK

Downgrade to Neutral, TP Rs185

multiple headwinds in FY25 –

CEO transition, risks around Fintech partnerships & continued deposit competition.

RoA improvements might have peaked near term & growth surprises are priced in

BoFA Sec on Bandhan BK

Downgrade to Neutral, TP Rs210

valuations look reasonable (for the growth-ROE mix) but positive catalysts might take time to play out.

Pushing out of the rate cut cycle might add further uncertainty to the growth/RoA outlook.

The Securities and Exchange Board of India has slapped a penalty of ₹15 crore on Arun Panchariya for alleged fraudulent activities related to the issuance of Global Depository Receipts (GDR) by Winsome Yarns Ltd. The latest ruling comes less than six months after appellate tribunal SAT, on an appeal filed by Panchariya, asked the watchdog to relook at the matter and also said the ₹25 crore imposed on him cannot be sustained. Read more

The initial public offering of Aadhar Housing Finance opens for the public today. The IPO comes at a price band of ₹300-315. It IPO closes on May 10 and the market lot is .47 shares. Read more

Domestic markets are expected to remain nervous at the opening due to the Q4 result season and ongoing general election process. The climbing volatility index indicates that traders would prefer profit-taking amidst global and domestic uncertainties. Read more

Fast-Moving Consumer Goods (FMCG) maker, Marico Ltd., is targeting double-digit revenue growth in FY25. Read more

State-run Indraprastha Gas (IGL) on Tuesday reported a 9 per cent year-on-year (y-o-y) growth in its consolidated net profit at ₹433 crore in Q4 FY24, aided by higher sales. However, the net profit of India’s largest compressed natural gas (CNG) distributor fell 9 per cent on a sequential basis. Read more

Hinduja Group’s IndusInd International Holdings (IIHL) has written to the Reserve Bank of India seeking its go-ahead for proposed changes in the corporate structure set up for the acquisition and resolution of Reliance Capital (RCap). Read more

The European Commission has withdrawn the marketing authorisation to AstraZeneca’s Covid-19 vaccine Vaxzevria, on the company’s request. Read more

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

Conference call Replay available in Various speeds !

Researchbytes Events Update

As of 07:07 AM Wednesday 08 May 2024

Can set alert for them at www.researchbytes.com 

8:00 AM PB Fintech

Weblink: https://tinyurl.com/yk84ab3w

10:00 AM KEC Intl

Dial: +91 22 6280 1213

Weblink: https://tinyurl.com/8urmdz9f

11:00 AM Chambal Fert

Dial: + 91 22 6280 1141

Weblink: https://tinyurl.com/48mdd3hw

11:00 AM Bigbloc Constru

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/mptevhdb

( Hosted by Valorem )

12:00 PM Kamdhenu

(Results)

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/yhzdu7yd

2:00 PM Bharat Forge

Dial: +91 22 6280 1333

Weblink: https://tinyurl.com/mt663yrt

3:00 PM Aztec Fluids

Weblink: https://tinyurl.com/bdevv33c

3:00 PM United Brewerie

Dial: +91 22 6280 1245 

Weblink: https://tinyurl.com/UBLQ4

3:30 PM HT Media

Weblink: https://tinyurl.com/38d4kkyr

3:30 PM Hindustan Media

(Results)

Weblink: https://tinyurl.com/mr2n2suz

3:30 PM Jindal Saw

Dial: +91 22 6280 1143

Weblink: https://tinyurl.com/nwr54797

3:30 PM Orient Bell

Dial: +91 22 6280 1256

Weblink: https://tinyurl.com/5n7pfzzx

3:30 PM Hero Motocorp

Dial: +91 22 6280 1259

Weblink: https://tinyurl.com/5cx6983v

3:30 PM Voltas

Dial: +91 22 62801384

Weblink: https://tinyurl.com/3cpz6mpc

4:00 PM Canara Bank

Weblink: https://tinyurl.com/5n6fce6e

4:00 PM Protean eGov Te

Dial: +91 22 6280 1107

Weblink: https://tinyurl.com/2rj7mfh7

4:00 PM Styrenix Performance Materials

(Results)

Dial: +91 22 6280 1135 

4:00 PM Jupiter Wagons

Dial: +91 22 6280 1297 

4:00 PM Guj Gas

Dial: +91 22 6280 1354

4:00 PM Gujarat Gas

Dial: +91 22 6280 1354

Weblink: https://tinyurl.com/yc3wm7uk

4:00 PM Tips Films

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/4r7y8x8s

4:00 PM GHCL Textiles

(Results)

Dial: +91 22 6280 1557

Weblink: https://tinyurl.com/2p5zrd49

4:00 PM Pidilite Ind

Dial: +91226280 1360

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

4:30 PM Premier Roadlin

Weblink: https://tinyurl.com/mwa9266h

5:00 PM Sterlite Techno

(Press Release )

Weblink: https://tinyurl.com/4ctbc7xc

5:00 PM TVS Motor

Dial: +91 22 6280 1222 

Weblink: https://tinyurl.com/msfcsyxt

5:00 PM Westlife Dev

Dial: +91 22 6280 1261

Weblink: https://tinyurl.com/ya3s2v55

5:00 PM Piramal Enter

Dial: +91 22 6280 1264 

Weblink: https://tinyurl.com/2umm3pmm

5:00 PM IGL

Dial: +91 22 6280 1342

Weblink: https://tinyurl.com/ubjdvb6p

6:00 PM Tata Power

(Press Release )

Dial: +91 22 6280 1285

7:00 PM Kajaria Ceramic

(Results, Investor/Analyst Presentation)

(Results, Investor/Analyst Presentation) No Contact Available

Please check again for details @ www.researchbytes.com 

Sonata : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299673

Kamat Hotels : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299671

Guj Heavy Chem : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299675

IRB Infra : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299669

Century : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299665

Allsec Tech : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299666

Apcotex Ind : (replay)

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Punjab Chemical : (replay)

https://www.researchbytes.com/webcast.aspx?WID=299654

DCM Shriram : (replay)

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Aeroflex Indust : (replay)

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Recent interviews …

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The weighted average cut-off at the State Government Securities (SGS) auction on Tuesday eased to 7.45 per cent from 7.51 per cent at last week’s auction in the backdrop global trends as well as the recently announced buyback of Government of India securities (G-sec), according to ICRA. Read more

InCred Alternative Investments has announced the successful first close of its maiden Private Equity fund, ‘InCred Growth Partners Fund - I’ (IGPF - I). InCred Alternatives is a part of InCred Capital, the institutional, wealth and asset management arm of InCred Group. 

Launched late last year, IGPF-I has garnered capital commitments of over ₹330 Crore in the first close. The successful fundraising round saw support from large HNI/UHNI investors, leveraging the strong wealth network of InCred. IGPF-I is targeting a final close of ₹500 Crore and is focused on investing in growth and late-stage companies across consumer, financial services, and enterprise/technology sectors with an average ticket size of ₹40-80 Crore.

[7:01 am, 8/5/2024] KS BadriNarayanan: The India International Exchange (IFSC) Limited (India INX), India’s first international exchange based in the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), announces a significant moment as an, one of the leading Indian gold refinery has started trading in Gold Futures to hedge against gold price risk. This highlights the growing importance of India INX as premier platform for hedging gold price risk by Indian jewellers and gold importers.

Pidilite Industries, SRF, Voltas, United Breweries, Dr.Reddy’S, Jsw Energy, Kajaria Ceramics, Kamat Hotels, Max Financial Services, Orient Bell, Century Textiles, Chambal Fertilisers, Creditaccess Grameen, Delta Corp, Indraprastha Gas, Kec International, Navin Fluorine, PB Fintech, Sonata Software, Jindal Saw, Happiest Minds, Lupin, Gujarat Gas, Godrej Consumer, Muthoot Microfin and Suven Life Sciences

Pidilite Industries 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6da80b0a-601f-4eb3-aca8-af0f95d01556.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e999e8dd-6e07-491c-b813-fe6f6191add1.pdf

SRF 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/fa9f345c-f98d-45e2-8a7f-b05610e0c284.pdf

Press Release

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/be708648-8944-4ffd-9be0-96a1369a4d1c.pdf

Voltas 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/1e389a16-f8e2-47b6-8ec8-0c75aaee2f94.pdf

United Breweries 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/7dfd41ee-b563-4d62-8ef8-e1e381d2e1c0.pdf

Dr.Reddy’S Laboratories 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3a88eec4-175f-400f-82ce-eecd5b7b3391.pdf

Jsw Energy 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/21b824f0-3d98-40f8-bce5-9b747c228e91.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/5ca781d6-0b6a-4dfb-8c68-88ec2e6e4955.pdf

Kajaria Ceramics 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/57cbaccd-9944-42b6-a138-26712eb626f0.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/93aa6251-4b1b-4a7f-9021-bb7a57b93149.pdf

Kamat Hotels (India) 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/db5c3c3d-b56f-4e53-b470-c1b7e164a5ba.pdf

Press Release

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/4fda989d-b20c-4ce6-b643-859619665549.pdf

Max Financial Services 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6052deea-7f83-452e-9a4b-e8a77385af03.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/977b3b3b-4959-41f6-806a-2b511557a7f0.pdf

Orient Bell 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6e437450-6a00-43a2-9f99-3c53d8a816e4.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/98fe0d27-6942-428b-820f-5b7b957b35da.pdf

Century Textiles & Industries 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/357d43ef-0260-4f44-ba0d-828f6e92c4d3.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2758d9c1-684e-4e10-b0eb-393bee4c66a3.pdf

Chambal Fertilisers & Chemicals 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/92366f78-d62c-4f19-a227-00ecc4e9e1e9.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/1dc8b7cc-4d8a-415c-bda3-ce18ccfc7f70.pdf

Creditaccess Grameen 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/81b697e2-e53b-47d9-b94a-309d3b6b9eb5.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f71553af-cf25-44f6-ba16-ad2a2265f154.pdf

Delta Corp 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/53194f5f-c424-41f4-8a94-e8f03e960a62.pdf

Indraprastha Gas 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/27186b77-2872-4360-b3a8-d14e096cd543.pdf

Kec International 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/1f3d28b5-6777-4afb-ac0f-0c61b42038b7.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2842288e-546b-4c87-9f10-b4a157dd3155.pdf

Navin Fluorine International 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c39698f4-45c9-4d0f-808f-92b508c597c7.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/de4aa9e2-c924-493e-ba07-d6d426233ce9.pdf

PB Fintech 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/b8133424-669c-4b8a-994d-54c23ebddd2c.pdf

Sonata Software 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/34aa6afb-ec71-4575-bf8d-75552b5047d8.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/7fa5b1a7-b0cc-41e8-96c7-237b84529b27.pdf

Jindal Saw 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c304a0e5-3c12-4909-a293-7a298ded3a06.pdf

Happiest Minds Technologies 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/be7a8765-0f48-40ca-9f9b-200cb8274cdc.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f8ac7e32-68e1-4dd9-aac6-9bc8a287b40c.pdf

Indian Bank 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e220678a-01fc-41c2-84c8-f9479b113d04.pdf

Press Release

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/aff25a5f-5174-445c-8c53-ac34e5d9e47b.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/64ddf37b-4736-4d9f-97ea-9a83b9689ad5.pdf

Lupin 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/75dc7261-c3f0-4ab6-9343-f7a440ba6a3d.pdf

Press Release

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/63eef978-1bdc-4bf7-967e-6e15f72e7cb6.pdf

Gujarat Gas 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/aaa39f09-e0f4-4d01-a60b-7396748c0532.pdf

Press Release

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/ffc25b70-ae57-4ce0-9092-346ecca08558.pdf

Godrej Consumer Products 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/8a1357f0-6243-4cc6-adeb-b6f844788561.pdf

Presentation

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/e8a2da1d-7a17-4e6a-959b-7f73564a8f61.pdf

Muthoot Microfin 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/62e02873-eedf-4c71-9751-3d10fec839f2.pdf

Suven Life Sciences 4QFY24 Earnings

Financial Results

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/834c95fc-b65b-4e7d-b890-4be7a02eebd6.pdf

Press Release

Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/77fe7200-320a-46bf-b935-51707b3bde86.pdf 

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

Recent Interview...

As of 17:15 PM Tuesday 07 May 2024

Birla Corp: Aditya Saraogi, CFO

Demand Is Tepid, Mainly Affected By Elections And Heat Waves: Birla Corporation

https://www.youtube.com/watch?v=pIxD7RhPgyE

CARBORUNDUM UNIVERSAL: Sridharan Rangarajan, Director

Carborundum FY25:New Plant Set For High Purity Silicon Carbide, Expecting Rise In Margin In Ceramics

https://www.youtube.com/watch?v=SrzJFs9_WmU

CG Power : Natarajan Srinivasan, MD & CEO

Motor Biz Is Seeing Some Stress, Expect Conditions To Improve Post Elections: CG Power

https://www.youtube.com/watch?v=PRbIcGyKY9w

Fusion Micro Finance: Devesh Sachdev, MD CEO

Crossed ?500 Crore In Net Profit For The First Time: Fusion Micro Finance

https://www.youtube.com/watch?v=xF8wnWhrTh4

Godrej Consumer: Aasif Malbari, CFO

Expect Prices To Inch Up Sequentially & Vol Growth To Sustain In High-Single Digits: Godrej Consumer

https://www.youtube.com/watch?v=En_pMrExyoI

Godrej Consumer: Aasif Malbari, CFO

GCPL India A Strong Growing Economy, Margins Improving Due To Product Mix Changes

https://www.youtube.com/watch?v=Mt1Do_EJp9Y

Guj Heavy Chem: RS Jalan, MD

GHCL: FY25 Business Outlook; New Deals In The Pipeline

https://www.youtube.com/watch?v=QcNseIr91wQ

Happiest Minds: Venkatraman Narayanan, MD CFO

We Aim To Achieve Better Organic Growth In FY25: Happiest Minds Technologies

https://www.youtube.com/watch?v=g54n193Z7_w

Indian Bank: SL Jain, MD CEO

63% Of The Book Is In Retail, Agri & MSME: SL Jain Of Indian Bank

https://www.youtube.com/watch?v=rYJqa-yMZOg

Lupin: Ramesh Swaminathan, CFO & ED

Expecting Single-Digit Growth From The U.S. Biz: Lupin

https://www.youtube.com/watch?v=iuSJTysXlnU

Events today…

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

Results today…

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

Replays available at www.researchbytes.com

Please note ,BSE and NSE to Conduct Special Live Trading Session on Saturday, 18th May, 2024 from 9.15hrs to test a disaster recovery site 

This special live trading will be conducted in two trading sessions as follows:-

Trading Session 1\u0009Time 

Pre-Open open time \u000909:00 hrs

Pre-Open close time\u000909:08 hrs

Normal Market open time \u000909:15 hrs

Normal Market close time \u000910:00 hrs

Trading Session 2 Time 

Normal Market open time \u000911:30 hrs

Normal Market close time \u000912:30 hrs

Plz Note that purchase of Friday cannot be sold on Saturday’s session

EQUITY Cash Trades PROV. - 07/05/2024 : Rs. CRS. : 

FIIS : SELL -3,669 (13,727-17,396)

DIIS : BUY +2,304 (13,202-10,898)

Dr. Reddy’s Laboratories Ltd.: Net Revenue at Rs.7114 crore, +12.6% YoY, and -1.7% QoQ. EBITDA at Rs. 1831.2 crore, +19.4% YoY and -9.5% QoQ. EBITDA Margin at +25.7%, +145 bps YoY and -221 bps QoQ. Net Profit at Rs. 1310 crore,+36.4% YoY and -5.1% QoQ.

SRF Ltd.: Net Revenue at Rs. 3569.7 crore, -5.5% YoY, and+16.9% QoQ. EBITDA at Rs. 695.8 crore, -25.3% YoY and +23% QoQ. EBITDA Margin at 19.5%, -517 bps YoY and +96 bps QoQ. Net Profit at Rs. 422.2 crore, -24.9% YoY and +66.6% QoQ. Ashika

IRB Infrastructure Developers Ltd.: Net Revenue at Rs. 2061.24 crore, +27.2% YoY, and +4.7% QoQ. EBITDA at Rs. 889.85 crore, +17.3% YoY and +2.3% QoQ. EBITDA Margin at 43.2%, -366 bps YoY and -100 bps QoQ. Net Profit at Rs. 188.87 crore, +45.1% YoY and +0.8% QoQ.

Sonata Software Ltd.: Net Revenue at Rs. 2192 crore, +14.5% YoY, and -12.1% QoQ. EBITDA at Rs. 144.12 crore, -4.9% YoY and -30.6% QoQ. EBITDA Margin at 6.6%, -135 bps YoY and -175 bps QoQ. Net Profit at Rs. 110 crore,-3% YoY and +339.1% QoQ. 

Kajaria Ceramics Ltd.: Net Revenue at Rs. 1240.82 crore, +3.0% YoY, and +7.7% QoQ. EBITDA at Rs. 172 crore, -2.2% YoY and -3.8% QoQ. EBITDA Margin at 13.9%, -74 bps YoY and -166 bps QoQ. Net Profit at Rs. 104.27 crore, -5.8% YoY and -3.4% QoQ.

Century Textiles And Industries Ltd.: Net Revenue at Rs. 1685.88 crore, +71.7% YoY, and +57.5% QoQ. EBITDA at Rs. 268.17 crore, +82.3% YoY and +35.9% QoQ. EBITDA Margin at 15.9%, +92 bps YoY and -253 bps QoQ. Net Profit at Rs. 160.28 crore, -4.4% YoY and +56.4% QoQ. 

Navin Fluorine Ltd.: Net Revenue at Rs. 601.95 crore, -13.6% YoY, and +20.4% QoQ. EBITDA at Rs. 110.05 crore, -45.5% YoY and +45.4% QoQ. EBITDA Margin at 18.3%, -1066 bps YoY and +315 bps QoQ. Net Profit at Rs. 70.37 crore, -48.4% YoY and -9.8% QoQ.

Graphite India Ltd.: Net Revenue at Rs. 720 crore, -11.7% YoY, and +4.3% QoQ. EBITDA at Rs. -10 crore, -116.1% YoY and +23.1% QoQ. EBITDA Margin at -1.4%, -900 bps YoY and +50 bps QoQ. Net Profit at Rs. 16 crore, -44.8% YoY and -5.9% QoQ. 

Latent View Analytics Ltd.: Net Revenue at Rs.171.64 crore, +21.7% YoY, and +3.6% QoQ. EBITDA at Rs. 40.39 crore, +34% YoY and +9.8% QoQ. EBITDA Margin at 23.5%, +217 bps YoY and +134 bps QoQ. Net Profit at Rs. 45.23 crore, +32.2% YoY and -6.8% QoQ.

HIL Ltd.: Net Revenue at Rs. 852.01 crore, -1.3% YoY, and +8.6% QoQ. EBITDA at Rs. 17.66 crore, -53.1% YoY and +6.6% QoQ. EBITDA Margin at 2.1%, -229 bps YoY and -4 bps QoQ. Net loss at Rs. 11 crore, -102.4% YoY and +98.5% QoQ. 

BigBloc Construction Ltd.: Net Revenue at Rs. 67.95 crore, +46.0% YoY, and +10.5% QoQ. EBITDA at Rs. 12.54 crore, +18.4% YoY and -22.1% QoQ. EBITDA Margin at 18.5%, -430 bps YoY and -771 bps QoQ. Net Profit at Rs. 8.64 crore, +55.7% YoY and +0.3% QoQ

Closing Bell:

* Sensex: 73511.85(-383.69)

* Nifty 50: 22302.50( -140.20)

* Nifty bank: 48285.35 (-609.95)

Nifty top 5 Gainers: 

* HUL: 2,379.40 (+123.20)

* Tech Mahindra: 1,292.45 (+30.20)

* Britannia: 5,173.85 (+112.25)

* Nestle: 2,508.65 (+51.25)

* TCS: 3,978.95 (+57.90)

Nifty top 5 losers:

* Bajaj auto: 8,677.90 (-374.65)

* Power Grid Corp: 295.25 (-11.60 )

•ONGC: 273.60 (-8.55)

* IndusInd Bank: 1,452.55 (-44.95 )

* Hindalco: 620.20 (-18.60)

Emami share price have risen sharply over the last couple of weeks. The momentum is strong. The stock has risen over 4 per cent on Tuesday when the broader benchmark indices had declined. This shows the inherent strength in the stock. Read more