Investment - Share Market

GULSHAN POLYOLS

CO SAYS HAS BEEN ALLOCATED WITH A QUANTITY OF 142222 KILOLITERS OF ETHANOL HAVING AN ESTIMATED ORDER VALUE OF 9.94B RUPEES

TRIVENI ENGINEERING & INDUSTRIES: CO FORAYED INTO IMFL SEGMENT; LAUNCHED PREMIUM AND SUPER PREMIUM WHISKY BRANDS MATSYA TRIPLE RESERVE BLENDED WHISKY AND THE CRAFTERS STAMP RARE ARTISAN BLENDED WHISKY

TRIVENI ENGINEERING & INDUSTRIES: CO SAYS MATSYA TRIPLE RESERVE BLENDED WHISKY IS PRICED AT INR 690 FOR A 750 ML BOTTLE, WHILE THE CRAFTERS STAMP RARE ARTISAN BLENDED WHISKY IS PRICED AT INR 950 FOR A 750 ML BOTTLE

CIGNITI TECH Q2FY24 CONS

NET PROFIT 529M RUPEES VS 105M (QOQ)

REVENUE 4.9B RUPEES VS 4.7B (QOQ)

EBIT 619.7M RUPEES VS 476M (QOQ)

EBIT MARGIN 12.42% VS 10.15% (QOQ)

Ambuja to acquire Orient Cement promoter holding of 38% at Rs 395.4 - premium of 12%

Ambuja to make open offer to acquire 26% of public shareholding at Rs 395.4

Corporate Actions

Hyundai Motor India is set to make stock market debut today, October 22. The issue price is fixed at Rs. 1960 per share.

Dividend

22-Oct-24
HCLTECH: Interim Dividend - Rs. - 12.00
GOPAL: Interim Dividend - Rs. - 1.00

23-Oct-24
CASPIAN: Final Dividend - Rs. - 0.05

24-Oct-24
TIPSMUSIC: Interim Dividend - Rs. - 2.00

25-Oct-24
ALLCARGO: Interim Dividend - Rs. - 1.10
DBCORP: Interim Dividend - Rs. - 5.00
LTIM: Interim Dividend - Rs. - 20.00
LTTS: Interim Dividend - Rs. - 17.00
DALBHARAT: Interim Dividend

28-Oct-24
KSOLVES: Interim Dividend - Rs. - 8.00
ICICIGI: Interim Dividend - Rs. - 5.50
ELECON: Interim Dividend - Rs. - 0.50

IPO
Waaree Energies: Open: 21-Oct-24; Close: 23-Oct-24
Deepak Builders & Engineers India: Open: 21-Oct-24; Close: 23-Oct-24
Godavari Biorefineries: Open: 23-Oct-24; Close: 25-Oct-24

Buyback
Matrimony.Com: Ex-Date: 25-Oct-24

Bonus
Grovy India: Bonus Issue 3:1; Ex-Date: 23-Oct-24
Reliance Industries: Bonus Issue 1:1; Ex-Date: 28-Oct-24

Stock Split
Pocl Enterprises: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Oct-24
Sukhjit Starch & Chemicals: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 25-Oct-24
Mayukh Dealtrade: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 25-Oct-24
Dr. Reddy's Lab: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 28-Oct-24
Quasar India: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 29-Oct-24
Master Trust: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 30-Oct-24
Premier Polyfilm: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 05-Nov-24
Motisons Jewellers: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Nov-24
JostS Engineering Co: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 15-Nov-24

Right Issue
DMR Hydroengineering: Ex-Date: 22-Oct-24
Diligent Industries: Ex-Date: 24-Oct-24
Mercury Trade Links: Ex-Date: 24-Oct-24
Hindware Home Innovation: Ex-Date: 25-Oct-24
Sahana System: Open: 11-Oct-24; Close: 25-Oct-24
Geojit Financial Services: Open: 15-Oct-24; Close: 23-Oct-24
Arc Finance: Open: 21-Oct-24; Close: 18-Nov-24
IGC Industries: Open: 04-Nov-24; Close: 18-Nov-24
Thinkink Picturez: Open: 04-Nov-24; Close: 22-Nov-24
Diligent Industries: Open: 11-Nov-24; Close: 25-Nov-24

Open Offer
Navkar Corporation: Open: 14-Oct-24; Close: 25-Oct-24

Amalgamation
Jubilant Industries: Ex-Date: 28-Oct-24

Broker radar 🎯

📌Jefferies on Oberoi Realty maintains Hold; hikes target price to Rs 1900 from Rs 1600

📌Bernstein on UltraTech Cement maintains Market-Perform with target price of Rs 10,508

📌Goldman Sachs on UltraTech Cement maintains Buy; cuts target price to Rs 11,720 from Rs 12,430

📌BofA on Sapphire Food downgrades to Underperform from Neutral; cuts target price to Rs 330 from Rs 336

📌Nomura on Dr Lal PathLabs maintains Buy with target price of Rs 3,720

📌Macquarie on City Union Bank maintains Outperform with target price of Rs 185

📌HSBC maintains a reduce call on Bajaj Housing Fin. Says Q2 healthy PAT was driven by income from assignment and low credit costs, but core earning performance was muted

✍️Larsen & Toubro Ltd:
Co. secured its first green hydrogen project with a private client to establish an electrolyzer unit.

🔸M Cap: ₹4,93,362 Cr
🔸CMP: ₹3,588
🔸P/E: 37.1
🔸3 Years Sales Growth: 17.6%

✍️Gujarat Narmada Valley Fertilizers & Chemicals Ltd:
Co. is currently is working on a 10 MW electrolyzer-based green hydrogen project.

🔸M Cap: ₹9,289 Cr
🔸CMP: ₹632
🔸P/E: 18.1
🔸3 Years Sales Growth: 15.6%

Best-performing private lender beats Kotak Mahindra Bank in valuation

ICICI Bank — the second largest private lender — has overtaken Kotak Mahindra Bank in valuation after the latter’s shares plunged the most since June 4. The stock of Kotak Mahindra Bank slumped more than 4% in Monday’s (October 21) trade after the net interest margin (NIM) of the bank contracted 11 basis points (bps) to 4.9% in the September quarter.

The lower margin was due to a slowdown in unsecured disbursements and an increase in loan slippages, which raised its cost of funds. The fresh slippages for the quarter increased 38% sequentially to ₹1,875 crore. The fall in shares also resulted in its valuation premium with other lenders to narrow.

According to Bloomberg data, ICICI Bank now tops the valuation chart with a one-year forward price-to-book of 2.96 times. In comparison, Kotak Mahindra Bank commands a price-to-book of 2.92x. Interestingly, the valuation gap between the two lenders was as high as 25% at the beginning of the year.

🇺🇸 `Markets ended lower as Treasury yields rose & investors awaited new earnings reports```

US Markets on Monday
#DowJones -0.8%
#Nasdaq +0.27%
S&P500 -0.18%

🇺🇸 10-year Treasury rose 12 basis points to 4.19% (12-week high)
💲 Dollar Index at 104.01

Consumer and homebuilder stocks were among the biggest losers😢
Reason 👉Fears about higher-for-longer interest rates crept up
Target -3.8%
Builders FirstSource -5.2%
Lennar -4.4%

Markets are pricing in an 87% chance for a cut of 25 basis points (bps) at the Fed’s November meeting
Source - CME’s FedWatch Tool

Other Assets
⛽️ Brent Crude at 74$/barrel
Saudi Aramco CEO Amin Nasser said he remains “fairly bullish” on demand in the world’s second largest economy.

🪙 Gold at 2723$
🥈 Silver at 34$, hit its highest since late-2012 earlier in the session

💸 Bitcoin at 67100$

Big earnings this week 👉Tesla, Coca-Cola & GE Aerospace

Cochin Shipyard

Promoter The President of India, acting through the Ministry Of Ports, Shipping And Waterways, Government Of India, sold 1.3 crore shares between Oct. 16 and 17.

Ola Electric: The company has clarified its position in response to the show cause notice from the Central Consumer Protection Authority. The company confirms that 99.1% of the 10,644 complaints received from CCPA were resolved to complete customer satisfaction.

Arkade Developers

The company launched residential and commercial projects in Bhandup, Mumbai, with an estimated sales value of Rs 760 crore.

Shriram Finance

The company received RBI's nod to sell Shriram Housing stake to Warburg affiliate Mango Crest.

Bhansali Engineering Polymers Q2 FY25 (Consolidated, YoY)

Revenue up 16.87% at Rs 367 crore versus Rs 314 crore.

EBITDA down 7.14% at Rs 53.4 crore versus Rs 57.51 crore.

EBITDA margin down 376 bps at 14.55% versus 18.31%.

Net profit down 3.92% at Rs 46.32 crore versus Rs 48.21 crore.

Cyient DLM Q2 FY25 (Consolidated, YoY)

Revenue up 33.4% to Rs 389.45 crore versus Rs 291.84 crore.

Ebitda up 34% to Rs 31.63 crore versus Rs 23.54 crore.

Margin at 8.1% versus 8.1%.

Net Profit up 5% to Rs 15.45 crore versus Rs 14.65 crore.

Rajratan Global Wires Q2 FY25 (Consolidated, YoY)

Revenue up 14.48% to Rs 245 crore versus Rs 214 crore.

Ebitda up 12.99% to Rs 37.4 crore versus Rs 33.1 crore.

Ebitda margin down 20 bps at 15.26% versus 15.46%.

Net profit down 2.2% to Rs 19.05 crore versus Rs 19.48 crore.

Balu Forge Industries Q2 FY25 (Consolidated, YoY)

Revenue up 60.43% at Rs 223 crore versus Rs 139 crore.

Ebitda up 116.44% at Rs 65.8 crore versus Rs 30.4 crore.

Ebitda margin up 763 bps at 29.5% versus 21.87%.

Net profit up 108.69% at Rs 48 crore versus Rs 23 crore.

🚨FIIs Selling in last 16 trading sessions 🚨

27th Sep: -1209 Cr
30th Sep: -9792 Cr
1st Oct: -5579 Cr
3rd Oct: -15,243 Cr
4th Oct: -9897 Cr
7th Oct: -8293 Cr
8th Oct: -5730 Cr
9th Oct: -4562 Cr
10th Oct: -4927 Cr
11th Oct: -4,162 Cr
14th Oct: -3,732 Cr
15th Oct: -1,748 Cr
16th Oct: -3,435 Cr
17th Oct: -7,421 Cr
18th Oct: -5,486 Cr
21st Oct: -2,262 Cr

Total Selling = -93388 Cr 🔴

Sona BLW Precision Forgings opens second plant in Haryana's Manesar https://www.cnbctv18.com/market/stocks/sona-blw-precision-forgings-share-price-inaugurates-second-driveline-plant-in-manesar-haryana-19496480.htm