Share Market Highlights 10 November 2023: Sensex, Nifty end marginally higher; NTPC, ONGC top performers

The rupee declined 4 paise to settle at its lifetime low of 83.33 (provisional) against the US dollar on Friday, tracking an upward movement in crude oil prices and foreign capital outflows.

Forex traders said investors were awaiting industrial output and inflation data on the domestic front amid a weak American currency overseas and positive cues from equity markets.

At the interbank foreign exchange, the rupee opened at 83.28 and plunged to 83.49 against the greenback during intra-day.

Indian shares rose for a second consecutive week on Friday, led by energy stocks as oil prices fell, even as hawkish US Federal Reserve remarks reignited rate worries and dragged Asian peers.

The NSE Nifty 50 index added 1.01 per cent for the week, while S&P BSE Sensex gained 0.84 per cent.

The Nifty 50 closed 0.15 per cent higher at 19,425.35 on Friday, while the Sensex rose 0.11 per cent to 64,904.68.

Information technology (IT) companies, which earn a significant share of revenue from the US, fell 0.26 per cent after Fed Chair Jerome Powell said that the central bank was not confident that interest rates are high enough to tame inflation.

The more domestically-focussed small- and mid-caps logged 3.09 per cent and 2.89 per cent weekly gains, respectively, posting their best week in two months amid persistent retail inflows.

Kuantum Papers reported a net profit of ₹42.65 crore in the quarter ended September 2023, as against ₹52.66 crore in the same previous quarter. The stock trades at ₹172.50 on the NSE, down by 0.86 per cent.

Techno Electric & Engineering has reported standalone net profit of ₹71.42 crore for the quarter ended September 2023, as against ₹58.88 crore in the same previous quarter. The stock has risen by 2.33% on the NSE, trading at ₹589.85.

With a festive boost and easing of production constraints, SUVs posted significant growth with volumes reaching record highs in the country as October witnessed monthly volumes of more than two lakh units. In October 2023, total sales of SUVs (including all segments) stood at about 1.98 lakh units when compared with 1.41 lakh units in October 2022, an increase of 40 per cent. Read more

Major gainers

NTPC (2.16%); ONGC (1.32%); Tata Consumers (1.27%); Tech Mahindra (1.20%); Ultratech Cement (0.95%)

Major losers:

Hero Motocorp (-2.14%); M&M (-1.74%); Titan (-1.11%); HCL Tech (-1.11%); Dr Reddy (-0.92%)

Of the 3,777 stocks traded on the BSE, 1,817 advanced, against 1,811 stocks that declined; 149 stocks remain unchanged. While 221 stocks recorded a 52-week high, 30 hit a 52-week low.

Housing & Urban Development Corporation reported a standalone net profit of ₹451.69 crore in the quarter ended September 2023, as against ₹396.35 crore in the same previous quarter. The stock rises by 2.27% on the NSE, trading at ₹81.25.

Life Insurance Corporation (LIC) of India is expected to post muted results for Q2 FY24 owing to compression in VNB (value of new business) margins across the sector on the back of decline in the share of high-margin non-participatory products.

However, overall premium growth is expected to remain steady led by a broad-based growth, especially in protection, retail, and annuity products. Read more

Unistar Multimedia said its Managing Director Naman Bhanubhai Shah has tendered his resignation with effect from November 10, 2023. The stock is down by 1.15% on the BSE, trading at ₹14.59.

Time Technoplast Ltd reported a standalone net profit for the quarter ended September 2023 at ₹34.62 crore, as against ₹23.90 crore in the same quarter of the previous year. The stock rose by 1.90 per cent on the NSE, trading at ₹166.05.

Shriram Properties Ltd reported standalone net profit at at ₹1,315 lakh for the quarter ended September 2023, as against ₹78 lakh in the same quarter of the previous year. The stock has declined by 0.94 per cent on the NSE, trading at ₹105.20.

Thejo Engineering reported a standalone net profit of ₹10.85 crore for the quarter ended September 2023, as against ₹6.37 crore in the same quarter of the previous year. The stock has surged by 7.08 per cent on the NSE, trading at ₹1,892.10.

Welspun Corp Ltd said its associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA) has signed a contract for the manufacture and supply of large diameter steel pipes with Saudi Aramco. The total value exceeds SAR 440 million (approx. INR 1,000 crore) inclusive of value-added tax.

The financial impact of this contract is expected to be reflected in the second and third quarter of the financial year 2024-2025. The duration of the contract is 13 months. This order is in addition to the announcement made by Welspun Corp in May 2023 for the landmark SAR 1.8 billion (Approx ~INR 4,000 crore) contract with Aramco.

Hindalco Industries reported Q2 FY24 net profit at ₹2,196 crore, flat y-o-y and consolidated EBITDA at ₹6,096 crore, up 6 per cent y-o-y. The stock trades at ₹484 on the NSE, down by 0.09 per cent.

Anjani Portland Cement has reported standalone net loss at ₹6.42 crore for the period ended September 2023, as against loss of ₹10.66 crore in the same quarter of the previous year. The stock trades at ₹217.10 on the NSE, down by 1.94%.

Apollo Micro Systems reported a net profit of ₹6.62 crore in the quarter ended September 2023, as against ₹3.28 crore in the same previous quarter. The stock rose by 1.41 per cent on the NSE, trading at ₹114.80.

Kennametal India posted a net profit of Rs 17.1 crore in the quarter ending September 30, 2023, down 45.7 per cent on the Rs 31.5 crore recorded in the corresponding quarter of the previous year.

On a sequential basis, net profit fell by 8.55 per cent. Profit before tax (PBT) for the quarter stood at Rs 26.2 crore, compared to Rs 39.1 crore in the same quarter last fiscal. For more

Mahindra and Mahindra reported a consolidated net profit of Rs 2,348 crore in the September quarter, up 6 per cent on year, while revenue rose 15 per cent to Rs 34,436 crore.

The growth was led by the automotive sector, with revenues from the SUV segment up 28 per cent. It gained 90 bps in market share at 19.9 per cent. Read more

The auto segment volumes were 18 per cent higher in the quarter at 2.1 lakh units.

Shilpa Medicare informed the exchange that the USFDA’s inspection in Telangana has ended with ten 483 observations. The stock trades at ₹375 on the NSE, up by 4.95%.

The board of Si Capital & Financial Services has approved fund-raising proposal by way of issuance of Non-Convertible Debentures up to maximum amount of ₹89 lakh by way of private placement. The stock rises by 4.78% on the BSE, trading at ₹29.80.

Intellect Design Arena Ltd has announced the appointment of Rob Manders to its Growth Advisory Board. The stock trades at ₹660.90 on the NSE, down by 0.66%.

Cartrade Tech (16.94%)

Venus Remedies (15.01%)

Antony Waste Handling Cell (13.80%)

Kothari Petrochemicals (13.20%)

Sharda Motor Industries (11.91%)

SIL Investments Ltd reported its standalone net profit for the quarter ended September 2023 at ₹9.65 crore as against ₹13.80 crore in the same quarter previous year. The stock rises by 1.99% on the NSE, trading at ₹369.40.

Kirloskar Electric Company reported its standalone net profit for the quarter ended September 2023 at ₹5.66 crore as against ₹15.53 crore in the same quarter previous year. The stock trades at ₹121.80 on the NSE, down by 0.65%.

Gillanders Arbuthnot & Company reported its standalone net profit for the quarter ended September 2023 at ₹11.88 crore as against ₹23.28 crore in the same quarter previous year. The stock falls by 2.58% on the NSE, trading at ₹94.50.

Mahindra & Mahindra reported its consolidated net profit for the quarter ended September 2023 at ₹2,483.97 crore as against ₹3,021.38 crore in the same quarter previous year. The stock declines by 1.13% on the NSE, trading at ₹1,534.50.

Dhanlaxmi Bank declared the financial results for the Quarter and Half year ended September 30, 2023. Bank recorded net profit of ₹51.46 crore in HI of FY 2023-24, against the net loss of ₹10.54 crore for the same period of last financial year. The stock trades at ₹28.05 on the BSE, down by 3.67%.

On Friday, Indian shares mirrored a global decline, responding to comments by U.S. Federal Reserve Chair Jerome Powell expressing uncertainty about interest rates effectively combating inflation. By 12:20 p.m., the NSE Nifty 50 dipped 0.06% to 19,383.95, while the S&P BSE Sensex declined 0.09% to 64,776.69. Sonata Software hit a 52-week high at Rs 1,317.55, trading at Rs 1,313.45, up by 0.69%, with an interim dividend of Rs 7 announced on November 7, 2023. Top tech stocks at noon included TCS, Infy, Wipro, TechM, and HCL Tech. At BSE noon trade, 1,834 stocks advanced, 1,626 declined, and 167 remained unchanged.”

“Key movements at noon on November 10, 2023, revealed 195 stocks hitting a 52-week high, while 27 touched a low. On NSE, major gainers included Adani Ports, ONGC, HDFC Life, NTPC, and Tata Consumers. Major losers were M&M, Apollo Hospitals, HCL Tech, Titan, and Hero Motocorp.

After hitting 52-week high of Rs 326.10, COAL India shares marginally down by 0.02 p.c., trading at Rs 323.45

Shares of ESAF Small Finance Bank on Friday listed with a premium of nearly 20 per cent against the issue price of Rs 60.

The stock made its debut at Rs 71.90, rallying 19.83 per cent from the issue price on the BSE. It later jumped 24.5 per cent to Rs 74.70.

At the NSE, shares of the company began the trade at Rs 71, up 18.33 per cent.

The company commanded a market valuation of Rs 3,685.82 crore during the morning trade.

The Initial Public Offering (IPO) of ESAF Small Finance Bank was subscribed 73.15 times on the last day of subscription on Tuesday.

The Rs 463-crore initial share sale had a price range of Rs 57-60 a share.

Investors have been flocking to multi-asset mutual fund schemes and inflows have jumped substantially on the back of volatile equity markets and growing uncertainty.

Inflows into multi-asset funds have touched ₹14,238 crore so far this fiscal. Investments peaked at ₹6,324 crore in September after the launch of three multi-asset NFOs by DSP MF, Kotak MF and Shriram MF.

Domestic passenger vehicle (PV) wholesales (dispatches to dealers) in October grew 16 per cent year-on-year (YoY) to 3,89,714 units, as compared to 3,36,330 units in the corresponding month last year.

According to monthly sales data shared by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also rose by 20 per cent YoY to 18,95,799 units in the month, as compared to 15,78,383 units in October 2022.

Honda India Power Products reported its net profit for the quarter ended September 2023 at ₹31.19 crore as against ₹42.42 crore in the same quarter previous year. The stock falls by 2.12% on the NSE, trading at ₹2,740.

ED has attached 3 immovable properties located at Delhi worth ₹24.95 Crore (approx.) under the provisions of PMLA, 2002 belonging to Pawan Kant Munjal, CMD & Chairman, Hero MotoCorp Ltd in connection with a money laundering investigation. The total value of seizure and attachment stands at ₹50 Crore approx. The stock is down by 0.94% on the NSE, trading at ₹3,143.95.

.1) TCS: Down by 0.70 p.c., trading at Rs 3,324.90.

2) Infy: Down by 0.69 p.c., trading at Rs 1,365.60.

3) Wipro: Down by 0.58 p.c., trading at Rs 378.20.

4) TechM: Up by 0.46, trading at Rs 1,129.20.

5) HCL Tech: Down by 1.14 p.c., trading at Rs 1,253.50.

Styrenix Performance Materials Limited has informed the exchange regarding appointment of Bhupesh P Porwal as Chief Financial Officer of the company. The stock rises by 2.16% on the NSE, trading at ₹1,334.50.

Thomas Scott (India) Limited has informed the exchange regarding allotment of 30,32,500 securities pursuant to preferential issue. The stock rises by 4.98% on the NSE, trading at ₹151.65.

Major gainers on the NSE at 12:

Adani Ports (1.27%); ONGC (0.93%); HDFC Life (0.84%); NTPC (0.84%); Tata Consumers (0.66%)

Major losers:

M&M (-1.81%); Apollo Hospitals (-1.40%); HCL Tech (-1.17%); Titan (-1.10%); Hero Motocorp (-1.02%)

Stocks advanced on BSE at 12 noon on November 10, 2023, were 1,834 against 1,626 stocks that declined; 167 stocks remain unchanged. Total stocks traded were 3,627. The number of stocks that recorded a 52-week high was 195, and those that hit a 52-week low was 27.

Tatva Chintan Pharma Chem Limited informed the exchange that the Ankleshwar plant will be temporarily closed for planned maintenance activities in order to carry out impending maintenance of equipment and utilities. The stock trades at ₹1,492.30 on the NSE, down by 0.06%.

Bharat Heavy Electricals Limited (BHEL) organised BHEL SAMVAAD 3.0. The theme of the event, organised under the aegis of Ministry of Heavy Industries (MHI), was ‘Development powered by Research and Innovation’.

BHEL stock inches up by 0.44% on the NSE, trading at ₹126.35.

The board of Ugro Capital has approved allotment of 3,000 Non-Convertible Debentures having face value of ₹1,00,000 each, through private placement basis. The stock trades at ₹277.50 on the BSE, down by 0.36%.

EaseMyTrip inaugurated its first franchise store in Pune. The stock trades at ₹42 on the NSE, up by 0.72%.

Vodafone Idea shares trading at Rs 14.03, up by 0.86 p.c. Touched the 52 week high of Rs 14.45 in early trade.

Coal India shares traded on new 52-week high of Rs 326.10 in early trade. Trading at Rs 324.40, up by 0.28 p.c.

Biocon Biologics Limited, a subsidiary of Biocon Limited, has divested the businesses in relation to its non-core branded formulations in India, comprising, inter alia, of generic dermatology and nephrology small molecule formulations ( BFI Non-Core Business ) to Eris Lifesciences Limited on a slump sale basis. The stock declines by 1.32% on the NSE, trading at ₹224.05.

Sonata Software trades at 52-week high of Rs 1,317.55. The third consecutive day to hit the 52-week high. Trading at Rs 1,313.45, up by 0.69 p.c. The board has announced an interim dividend of Rs 7 on November 7, 2023.

Vijaya Diagnostic Centre shares up by 7.69 p.c., trading at Rs 637.15. Traded on new 52-week high of Rs 638.60 in early trade. Spurt in trade in volume by more than 3.20 times.

Major gainers of Nifty Pharma stocks: Natco Pharma (5.12%); Auro Pharma (2.58%); GlaxoSmith (1.55%); Zydus Lifesciences (0.91%)

Bank Nifty opened today’s session with a gap down at 43,543.25 versus Thursday’s close of 43,683.60. But it has recovered and is now hovering around 43,650. Thus, it is almost flat after the initial hour of trade.

The breadth of the index is showing some bearish bias as the advance/decline ratio stands at 5/7. ICICI Bank, up 0.3 per cent, is the top gainer whereas AU Small Finance Bank, down 0.7 per cent, is the top loser.

Coral Laboratories Ltd’s shares were up by 20 per cent after the company reported a 22 per cent increase in profit for the quarter ended 30 September 2023 at ₹6 crore compared to ₹4.89 crore during the corresponding quarter last year.

​Astrazeneca Pharma ​reported its net profit for the quarter ended September 2023 at ₹52.36 crore as against ₹32.56 crore in the same quarter previous year. The stock declines by 3.33% on the NSE, trading at ₹4,789.

Indian benchmark indices slipped on Friday in response to a global stock market decline, spurred by Federal Reserve Chair Jerome Powell’s statement expressing uncertainty about the adequacy of U.S. interest rates in curbing inflation.

At 11 a.m., the NSE Nifty 50 index fell 0.2% to 19,355.60, while the S&P BSE Sensex dropped 0.22% to 64,691.85. Notable individual stock movements included Muthoot Finance, which declined 7% due to a smaller-than-expected increase in Q2 profit. Conversely, Sharda Motor Industries saw a substantial 11.55% stock jump on NSE after reporting a robust standalone net profit for Q3 2023 compared to the same quarter the previous year.

Major gainers on the BSE included Car Trade, IFB Industries, Caplin Point, Nesco, and Arvind. In contrast, significant losers were United Spirits, Campus Activewear, Pricol, GTL Infra, and EKI.

Sharda Motor Industries stock jumps 11.55% on the NSE, trading at ₹1,086.30. The company reported its standalone net profit for the quarter ended September 2023 at ₹79 crore as against ₹54.08 crore in the same quarter previous year.

BEML stock rises by 3.85% on the NSE, trading at ₹2,174.70 after the company reported its financial statement for the quarter ended September 2023.

Major gainers on the BSE at 11:

Car Trade (11.77%); IFB Industries (9.26%); Caplin Point (7.83%); Nesco (7.03%); Arvind (6.89%)

Major losers:

United Spirits (-6.27%); Campus Activewear (-4.94%); Pricol (-4.67%); GTL Infra (-4.46%); EKI (-4.42%)

Lupin Limited (Lupin) has partnered with Amman Pharmaceuticals Industries (Amman Pharma) for marketing and commercialization of Ranibizumab, a biosimilar of Lucentis, in the Middle East region, including select territories of Jordan, Saudi Arabia, UAE, Iraq, Lebanon, and other GCC countries. The stock declines by 1.04% on the NSE, trading at ₹1,192.

The ​Nifty 50​ and ​Sensex​ are trading lower today. Both the indices are down by about 0.3 per cent each. The Sensex is trading at 64,620, and the Nifty at 19,341.

​The resistance near 19,500 has held well​ on the Nifty. So, the chances of this turn-around leading to an extended fall in the coming days cannot be ruled out.

Muthoot Finance stock declined by 5.16% on the NSE, trading at ₹1,245.55 after the company reported its financial results for the quarter ending September 2023.

“The SIP flow increased to all time high to topped 16900 cr which is great. This is structural change of savings habits through SIP and it is in good momentum. Small cap and mid cap along with thematic & multi-cap and flexi-cap funds find attraction as investors uses the correction happens in October as an opportunity to add. Apart from this decent corporate earning also prompted investor to be positive on the market. Gilt fund along with corporate bond fund and short term fund also find interest as interest rates are picking out and these fund can deliver good return in a downward sloping interest rate environment. Arbitrage funds continue to find investors interest as spread rollover remain attractive along with tax arbitrage over other short term parking options,” says Mukesh kochar, National Head of Wealth at AUM Capital

HAL informed that a Joint Venture Company with Safran Helicopter Engines SAS by the name of Safhal Helicopter Engines Pvt Ltd has been incorporated.

ICICI Bank Limited has informed the Exchange regarding the allotment of 14,15,356 securities pursuant to ESOP/ESPS. The stock trades at ₹938 on the NSE, up by 0.07%.

HAL stock rose 1.42% on the NSE, trading at ₹2,059.55 after the company signed a contract for establishing MRO facilities for the A-320 family of aircraft during a function in New Delhi.

AGS Transact Technologies Ltd has won order for 1,350 ATMs from the State Bank of India (SBI), under its banking automation solutions portfolio. The stock rises by 8.59% on the BSE, trading at ₹67.

NBCC shares down by 2.76% on the NSE, trading at ₹65.15 after reporting its financial results for the period ended September 2023

GR Infraprojects stock declines by 3.05% on the NSE, trading at ₹1,116.95 after the company reported its financial results for the period ended September 2023.

Major gainers on the NSE at 9:30 am:

Adani Ports (1.20%); Adani Enterprises (0.81%); HDFC Life (0.63%); Power Grid (0.52%); ONGC (0.52%)

Major losers:

Dr Reddy (-1.55%); Titan (-1.16%); M&M (-1.14%); LTIMindtree (-0.78%); Asian Paints (-0.74%)

Canada Pension Plan Investment Board (CPP Investments) ended its second quarter of fiscal 2024 on September 30, 2023, with net assets of $576 billion, compared to $575 billion at the end of the previous quarter.

The $1 billion increase in net assets for the quarter consisted of $488 million in net income and $700 million in net transfers from the Canada Pension Plan (CPP).

The Fund, which includes the combination of the base CPP and additional CPP accounts, achieved a 10-year annualized net return of 9.6%. For the quarter, the Fund’s net return was 0.1%. In the 10-year period up to and including the second quarter of fiscal 2024, CPP Investments has contributed $311 billion in cumulative net income to the Fund.

For the six-month fiscal year-to-date period, the Fund increased by $6 billion consisting of a net loss of $4 billion, plus $10 billion in net CPP contributions. For the period, the Fund’s net return was negative 0.7%.

Antony Waste net profit up at Rs 28 cr against Rs 23 cr, Revenue at Rs 225 cr vs Rs 199.8 cr (YoY)

Moody’s Investors Service has upgraded the corporate family rating of Tata Motors and its British arm Jaguar Land Rover Automotive

Jubilant Foodworks informed the exchange that the commissary situated at Adinarayana Hosahalli Industrial Area, Bengaluru Rural District, Karnataka, has commenced commercial production on November 09, 2023.

Campus Activewear net profit dips to Rs 0.3 cr against Rs 14.5 crore, Revenue down 22 per cent at Rs 259 crore against Rs 333 crore (YoY)

Brent crude oil futures traded around $80 a barrel on Friday morning as the Chair of US Fed Reserve, Jerome Powell, indicated that interest rates could increase further in the US. At 9.18 am on Friday, January Brent oil futures were at $80.33, up by 0.40 per cent; and December crude oil futures on WTI (West Texas Intermediate) were at $75.91, up by 0.22 per cent. November crude oil futures were trading at ₹6336 on Multi Commodity Exchange (MCX) in the initial trading hour of Friday morning against the previous close of ₹6372, down by 0.56 per cent; and December futures were trading at ₹6356 as against the previous close of ₹6391, down by 0.55 per cent.

Indian benchmark stock indices, Sensex and Nifty, commenced trading on a lower note on Friday, aligning with the global downturn spurred by comments from U.S. Federal Reserve Chair Jerome Powell. Powell expressed skepticism about whether interest rates were sufficiently elevated to combat inflation.

As of 9:17 a.m., the 30-share BSE Sensex was down by 221.60 points, trading at 64,610.60, while the NSE Nifty dropped 62.30 points to 19,333.

In the Nifty, gainers included Adani Enterprises, HDFC Life, Adani Ports, Coal India and ONGC, whereas Titan, NTPC, UPL, IndusInd Bank, and Dr Reddy’s were among the laggards.

On Wall Street, a decline was observed, with both the S&P 500 and Nasdaq Composite ending their longest winning streak in two years. Powell’s comments eroded market optimism about monetary policy.

Powell indicated that the Fed lacked confidence in its efforts to control inflation, which led to an increase in U.S. Treasury yields. This sentiment resonated in Asian markets, with the MSCI Asia ex-Japan index falling by over 1%.

Despite a 0.86% increase in the Nifty 50 for the week, it faced resistance around the 19,450 levels during the last two sessions. Small- and mid-cap stocks outperformed blue-chip stocks, with each registering gains of over 2.4%, driven by strong retail inflows.

In contrast to domestic investors, foreign institutional investors (FIIs) continued to divest from Indian equities in November. On Thursday, FIIs offloaded shares worth Rs 1,712 crore, extending their selling streak to 12 sessions. Foreign outflows from domestic markets reached a nine-month high in the previous month.

MEP Infrastructure Developers reported its standalone net loss for the quarter ended September 2023 at ₹39.50 crore as against ₹16.72 crore in the same quarter previous year.

Welspun Corp informed the exchange that its associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA), has signed a contract for the manufacturing and supply of large diameter Steel Pipes with Saudi Aramco for a total value exceeding SAR 440 million (Approx. ₹1000 crore) inclusive of value added tax.

Three out of four companies that made a debut on the bourses this year made money for wealthy investors on listing day.

Wealthy investors have made more than ₹100 apiece on nine such companies, after taking into account the financing cost and oversubscription figures.

ideaForge Technology, with gains of over ₹500 on listing day, gave the most bang for the buck. Investors in Netweb Technologies and Mankind Pharma made gains of between ₹211-373. IPOs that lost money include IRM Energy and Yatharth Hospital & Trauma Care Services.

10 November 2023 (Today)

Derivative Segment

• Biocon Limited

• Coal India Limited

• Eicher Motors Limited

• Glenmark Pharma Limited

• Hindalco Industries Limited

• Hindustan Aeronautics Limited

• Hindustan Copper Limited

• Ipca Laboratories Limited

• Mahindra & Mahindra Limited

• Oil & Natural Gas Corp Limited

• Steel Authority Of India Limited

• Sun Tv Network Limited

• Tata Chemicals Limited

Cash Segment

• 3M India Ltd.

• Allcargo Logistics Ltd.

• Bombay Burmah Trading Corp Ltd.

• Esab India Ltd.

• Fortis Healthcare Ltd.

• Galaxy Surfactants Ltd.

• HUDCO Ltd.

• Life Insurance Corp of India

• Shriram Properties Ltd.

• Shyam Metalics And Energy Ltd.

• Swan Energy Ltd.

• Timken India Ltd.

• Eureka Forbes Ltd

• Rashtriya Chem and Fert Ltd.

13 November 2023

Derivative Segment

• Grasim Industries Limited

• Manappuram Finance Limited

Cash Segment

• Narayana Hrudayalaya Ltd.

14 November 2023

Derivative Segment

• Nmdc Limited

• Indiabulls Housing Fin Limited

Cash Segment

• Kalyan Jewellers India Ltd.

• KNR Constructions Ltd.

• Natco Pharma Ltd.

• Trident Ltd.

• Uflex Ltd.

• Aster DM Healthcare Ltd.

• La Opala RG Ltd.

• Jindal Poly Films Ltd.

• MMTC Ltd.

• Rajesh Exports Ltd.

Last date for Cum-Dividend Today

Elpro International Ltd.

Dividend Per Share Rs.0.6

Previous day Closing Price – Rs. 79.93

REC Ltd

Dividend Per Share Rs.3.5

Previous day Closing Price – Rs. 317.95

Taneja Aerospace & Aviation Ltd

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 245.35

WPIL Ltd.

Dividend Per Share Rs.20

Previous day Closing Price – Rs. 3204.65

AUROBINDO PHARMA LIMITED : company has approved the purchase of entire equity shares of Theranym Biologics Private Limited

KPIT Technologies Limited : Company has approved the initial strategic acquisition of 13% shareholding in N-Dream AG (N-Dream), a Cloud based Game Aggregation Platform company, based in Switzerland,This strategic investment in N-Dream is part of KPIT’s roadmap to enable Automotive OEMs enhance the driver & passenger experience in the Cockpit of the Future.

EKI Energy Services Limited : Company approved to acquire 50.06% equity shares of ClimaCool Projects & Edutech Limited, Associate Company (“the Investee Company”) in addition to the 49.94% shares held by it at present, and subsequently the said Company will become a Wholly Owned Subsidiary (‘WOS’) of EKIESL.

ASHOK LEYLAND LTD : Company have approved an investment of Rs 1200 cr in Switch Mobility as equity through its holding company Optare PLC UK

National General Industries Ltd : Board informed that dispose of the Land situated at adjoining Village Chattarpura and Ajnali, at Mandi Gobindgarh, Punjab (“Land”), on “as is where is” basis to Modi Steel Private Limited (“MSPL”), a related party, having registered office at Modi Mill Road, Mandi Gobindgarh, Tehsil Amloh, District Fatehgarh Sahib-147301, Punjab for a consideration at arm length of Rs. 2,06,00,000/-

Blue Jet Healthcare: Maharashtra Pollution Control Board issued a closure direction for the Mahad MIDC unit under water and air pollution laws. The company cannot resume manufacturing activity till further orders from MPCB are received.

Infosys: The company will collaborate with U.S.-based Better Home & Finance to offer mortgages as a service. The companies will offer an AI-driven mortgage white-label platform for banks and credit unions

Shoppers Stop: Unit Global SS Beauty Brands invested Rs 4 crore in Pahadi Goodness by way of subscription to 40,000 optionally convertible debentures, representing 33.33% of the equity share capital. The unit has the option to acquire an additional 17.67% of the equity capital in June 2025.

Garden Reach Shipbuilders & Engineers: The company received a letter of intent from NCPOR for the award of a contract towards the construction and delivery of an ocean research vessel. The total contract value is approximately Rs 840 crore

Zee Entertainment Enterprises: The company has not commented on speculations about Puneet Goenka’s role in merged company being under contention. The company recognises the value of the merger with Sony India and is committed to ensuring all parts of the scheme are addressed

Tata Steel Long Products: Trading of company shares on NSE to be suspended w.e.f. Nov. 17 on account of Tata Steel merger.

Tata Motors: Moody’s Investors Service upgraded the company’s rating from B1 to Ba3. Moody’s also upgraded the company’s senior unsecured instrument ratings from B1 to Ba3 and has maintained a positive outlook on all ratings.

Morarjee Textiles Limited : Company informed that that workers at the Company’s plant at Nagpur Called of the Strike

DroneAcharya Aerial Innovations Limited : Company is proud to unveil its newest environmental monitoring technology: the Drone-based Multi-Gas Sensing and Mapping System.

Goldstone Technologies Limited :Company Proposal to sell company’s unused factory land including factory structure tuated at Sy No.249 (Part), 250 {Part), 251 {Part) at Cherlapally Village, Ghatkesar Mandal, Kapra Municipality, Ranga Reddy District, Telangana, India, to Mr. Pabba Upender Gupta for a consideration not lower than INR 35,00,00,000/-

Rail Vikas Nigam Limited : Ministry of Railways against one of the SPVs of RVNL viz. M/s. Kinet Railway Solutions Limited. Ministry of Railways has imposed penalty of Rs. 7.5 Crores on M/s. Kinet Railway Solutions Limited for violation of clause of Manufacturing cum Maintenance agreement (MCMA)

INFOSYS LTD : Company and Better collaborate to offer Mortgage as a Service An integrated technology & operations white-labelled AI-driven platform to help banks and credit unions provide their customers seamless digital mortgage and home equity loan experiences

ICICI Bank Limited : Bank has received approval from Reserve Bank of India for making ICICI Securities a wholly owned subsidiary, subject to certain conditions. Certain other statutory/regulatory approval(s), as required under applicable laws, are awaited

Electronics Mart India Limited : Company has commenced the commercial operation of a new Multi Brand Store under the brand name ‘BAJAJ ELECTRONICS’ on 09th November 2023 at No. 1-47-5, Sy No: 171, Ward-Block-1-47, Kadakatla, Tadepalligudem, West Godavari District, Andhra Pradesh - 534102

Techknowgreen Solutions Ltd : Company has entered into a Memorandum of Understanding with Society for Indoor Environment, a non-government organisation to pursue and promote Research and Development (R&D) in activities including indoor air environment and sustainability.

Xelpmoc Design and Tech Limited : Company Further investment in securities of One Point Six Technologies Private Limited, one of the Investee Companies. which is in Media Tech Company

G R Infraprojects Limited : Company has emerged as L‐1 bidder in Financial Bid Opening dated 09th November 2023 for the tender invited by RITES on behalf of Shri Mata Vaishno Devi Shrine Board, Katra (J&K) for “Design, Engineering, Construction, Development, Finance, Operation & Maintenance of Passenger Ropeway between Tarakote & Sanjichhat at Katra (J&K), on BOOT Basis”. worth of 200.00 Crores

Hindustan Aeronautics Ltd : Company and Airbus have signed a contract for establishing MRO facilities for A-320 family of aircraft during a function in New Delhi today

Aster DM Healthcare Limited : Company has incorporated Aster Shared Services Centre Private Limited, a wholly owned subsidiary Company in India on November 08, 2023.The main object of ASSCPL is to provide software solutions for information technology, telecommunications, other technology driven segments, back-office support services/ outsourcing services for all functions including human resources, finance, billing, accounts payable, accounts receivable, information technology, payroll, procurement, revenue cycle management and such other ancillary services in India and abroad.

Symbol: ESAFSFB

Series: Equity “B Group”

BSE Code: 544020

ISIN: INE818W01011

Face Value: Rs 10/-

Issued Price: Rs 60/- per share

Algonquin Power & Utilities Corp. (Pre market) (Sector- Power)

Consolidated Water Co. Ltd. (Pre market) (Sector- Water supply)

StoneCo Ltd. (Post market) (Sector- FinTech)

12:30 U.K. GDP m/m (Expected: 0.0% vs Previous: 0.2%)

12:30 U.K. Industrial Production m/m (Expected: -0.1% vs Previous: -0.7%)

17:30 INDIA Industrial Production y/y (Expected: 4.2% vs Previous: 10.3%)

17:30 INDIA Manufacturing Production y/y (Expected: 3.8% vs Previous: 9.3%)

20:30 U.S Prelim UoM Consumer Sentiment (Expected: 63.4 vs Previous: 63.8)

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DELTACORP

GNFC

MCX

BSE-listed Moneyboxx Finance Ltd, which finances livestock farmers, plans to expand its footprint to Gujarat by the year-end and southern States such as Tamil Nadu, Karnataka and Telangana by next year.

Shree Cement’s reported volume grew by 10 per cent to 8.20 mtpa, driven by higher demand. Moreover, the company’s capacity expansion plan is progressing well and these capacities would commence operations in a phased manner over Q3-FY24-Q2-FY25. The said capacities coming on stream and ramp up of recently commissioned capacity in the East region (3 mtpa)would drive the company’s volume growth moving ahead.

Indian Railway Catering and Tourism Corporation (IRCTC) revenues increased by 23.5 per cent y-o-y primarily led by 29 per cent y-o-y increase in catering and 63 per cent y-o-y growth in Tourism revenues. There is a pipeline of 200 trains for train side vending and 451 Vande Bharat trains can be added in the coming years. As a result we are building robust growth in catering and Tourism revenues resulting in CAGR growth of 18 per cent and 29 per cent over FY23-FY25.

EASF Small Finance Bank, ICICI Bank, ICICI Securities, Reliance Industries, Ashok Leyland, Hero MotoCorp, ESAF Small Finance Bank, GR Infraprojects, Coal India, ONGC, LIC, Hindalco, M&M, SAIL, Blue Jet Healthcare, HAL, Garden Reach, HUDCO

The India-US 2+2 Ministerial Dialogue on Friday is set to focus on bilateral cooperation in areas such as defence & security and technology value chain as well as pressing global matters, including the on-going Russia-Ukraine war and the Israel-Palestine conflict.

Minister of External Affairs S Jaishankar and Defence Minister Rajnath Singh will co-chair the dialogue with their counterparts, US Secretary of State Antony J. Blinken and Secretary of Defence Lloyd J. Austin III, according to the Ministry of External Affairs.

Jaishankar and Singh will also hold bilateral talks with Blinken and Austin, respectively.

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

KFin Technologies’ stock has been moving in a sideways trend since mid-September. It was largely oscillating between ₹445 and ₹490. On Thursday, the stock broke out of the resistance at ₹490, opening the door for further upside. We expect the stock to rally especially on Friday. Hence, the stock of KFin Technologies can be considered for intraday buy trades.

Asian equities experience a downturn following Jerome Powell’s caution regarding the possibility of further interest rate hikes, which has subdued the enthusiasm in both stocks and bonds, leading investors to favour the dollar.

The Japanese Nikkei 225 index witnessed a decline of 1.12%, equivalent to 366.55 points, settling at 32,279.91. Concurrently, the TOPIX index showed a 0.82% drop, translating to a decrease of 19.16 points to reach 2,315.22. South Korea’s KOSPI experienced a decline of 1.09%, shedding 26.36 points to close at 2,400.72, while Australia’s S&P ASX 200 also registered a 0.56% decrease, with a loss of 39.60 points, ending the day at 6,975.30 points.

In parallel, the Dow Jones Industrial Average retreated by 220.33 points, equivalent to a 0.65% decline, to conclude at 33,891.94, and the S&P 500 saw a loss of 35.43 points, representing a 0.81% decrease, closing at 4,347.35. Additionally, the Nasdaq Composite reported a decrease of 128.97 points, reflecting a 0.94% drop, with a closing value of 13,521.45.

The yield on Treasury bonds increased on Thursday, with the two-year yield surpassing 5%, and both the five-year and 10-year rates rising by more than 10 basis points.

Federal Reserve Chair Powell’s remarks, which implied a more hawkish stance, conveyed that central bank officials are ready to tighten monetary policy further if necessary.

U.S. stocks closed lower on Thursday, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell.

Powell said central bank officials “are not confident” interest rates are high enough to tame inflation, and may not get much more help from improvements in the supply of goods, services and labour.

The Dow Jones Industrial Average fell 220.33 points, or 0.65%, to 33,891.94, the S&P 500 lost 35.43 points, or 0.81 %, to 4,347.35 and the Nasdaq Composite lost 128.97 points, or 0.94 %, to 13,521.45. - Reuters