Sridhar Balakrishnan 🇮🇳🏆💰

HUDCO Agrees To Lend Rs 11,000 Crore For Amaravati Capital City Development https://www.ndtvprofit.com/business/hudco-agrees-to-lend-rs-11000-crore-for-amaravati-capital-city-development

AMBER ENTERPRISES INDIA: Q2 CONS NET PROFIT 192.5M RUPEES VS LOSS 69.4M (YOY); PROFIT 723.7M (QOQ)

AMBER ENTERPRISES INDIA: Q2 REVENUE 16.8B RUPEES VS 9.2B (YOY)

AMBER ENTERPRISES INDIA: Q2 EBITDA 1.13B RUPEES VS 595.6M (YOY) || Q2 EBITDA MARGIN 6.75% VS 6.43% (YOY)

📌 Karan Johar's Dharma Productions sells a 50% stake to Adar Poonawalla for Rs 1000 crore.

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

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.

*🇮🇳India Daybook – Stocks in News*


*Epack Durable:* Hisense India joins forces with Epack durable to manufacture air conditioners and home appliances in India for the world. (Positive)

*Sona BLW Precision:* Inauguration and Commencement of production in new Manesar plant. (Positive)

*Arkade Developers:* Company to launch residential and commercial project at Bhandup, Maharashtra, and project has estimated revenue potential of Rs 7.6 billion (Positive)

*Lemon tree:* Company signed license agreement for 72-room hotel in Kalaburagi, Karnataka (Positive)

*Eicher Motors:* Royal Enfield debuts in Bangladesh with manufacturing & assembly unit, and flagship store in Dhaka (Positive)

*Mas Financial:* Signs Co-lending Partnership with UCO Bank for MSME (Positive)

*Sanofi:* CD&R announces open offer to acquire a 26% stake in Sanofi Consumer Healthcare India for an aggregate of up to Rs 2,983 crore. (Positive)

*Alembic Pharma:* Company receives final approval from U.S. FDA for generic version of Diltiazem Hydrochloride (Positive)

*Shriram Finance:* Company gets RBI nod to sell Shriram Housing stake to Warburg affiliate Mango Crest (Positive)

*Mazdock:* Board Meeting today to consider Dividend/Stock split. (Positive)

*Swaraj Engines:* Net Profit at Rs 45 cr vs Rs 37 cr, Revenue at Rs 464 vs Rs 388 cr. (YoY) (Positive)

*Bajaj Housing Finance:* Net Profit at Rs 546 cr vs Rs 451 cr, NII at Rs 713 vs Rs 632 cr. (YoY) (Positive)

*Supreme Petrochem:* Net Profit at Rs 90.3 cr vs Rs 78 cr, Revenue at Rs 1505.6 vs Rs 1187.6 cr. (YoY) (Positive)

*Mangalam Global:* Net Profit at Rs 5.6 cr vs loss Rs 0.4 cr, Revenue at Rs 562 vs Rs 440 cr. (YoY) (Positive)

*Coal Mining Stocks:* Coal Minister to meet CMDs of coal PSUs to prepare action plan to increase coal production. (Positive)

*Nelco:* Net Profit at Rs 4.1 cr vs Rs 5.7 cr, Revenue at Rs 82.5 vs Rs 76.7 cr. (YoY). (Neutral)

*City Union Bank:* Net Profit at Rs 285 cr vs Rs 281 cr, NII at Rs 582 vs Rs 538 cr. (YoY). (Neutral)

*Rajratan Global Wire:* Net Profit at Rs 19 cr vs Rs 19.5 cr, Revenue at Rs 240 vs Rs 214 cr. (YoY) (Neutral)

*Cyient DLM:* Net Profit at Rs 15.4 cr vs Rs 14.6 cr, Revenue at Rs 389.4 vs Rs 291.8 cr. (YoY) (Neutral)

*Vinyl Chemicals:* Net Profit at Rs 5 cr vs Rs 3.8 cr, Revenue at Rs 150 vs Rs 154 cr. (YoY) (Neutral)

*Mahindra Logistics:* Net loss at Rs 10 cr vs Rs 15 cr, Revenue at Rs 1521 vs Rs 1365 cr. (YoY) (Neutral)

*HFCL:* Net Profit at Rs 73.9 cr vs Rs 69.4 cr, Revenue at Rs 1093 vs Rs 1111 cr. (YoY) (Neutral)

*Aurionpro:* Net Profit at Rs 45 cr vs Rs 43 cr, Revenue at Rs 278 vs Rs 261 cr. (YoY) (Neutral)

*Union Bank:* Net Profit at ₹4,719.7 Cr Vs ₹3,511.4 Cr, NII At ₹9,047.2 Cr Vs ₹9,126.1 Cr (YoY) (Neutral)

*Epigral:* Opens QIP and sets floor price at ₹2,203.29/sh (Neutral)

*OLA Elec:* Out of 10,644 complaints that we received from the CCPA, 99.1% of the complaints were resolved (Neutral)

*Mukka Proteins:* Company approved issuance of shares worth Rs 980 million. (Neutral)

*Tata Steel:* Company's pact with Tenova for Port Talbot has been described as a significant milestone to reducing carbon emissions by 90% (Neutral)

*Shiva Cement:* Net loss at Rs 33.6 cr vs Net loss Rs 19.4, Revenue at Rs 50.5 cr vs Rs 104 cr. (YoY) (Negative)

*JSFB:* Net profit at Rs 96.7 cr, down 21.3% YoY, Gross NPA at 2.97% vs 2.62%. QoQ (Negative)

BIG BREAKING 🚨🚨

Ravi Bajaj : MD of Bajaj Auto recently bought the 20% dip in his own stock.

He says the stock can do 20,000 in short term.

From CMP of 10,000 the stock needs to go up by 93%+ to hit his estimated target of 20,000

First time seeing, business runners vocal about stock price !

Corrected from 52week High.
ZEEL -58%
SPARC -56%
COCHINSHIP -49%
MAHSEAMLES -46%
MRPL -46%
CREDITACC -45%
SYRMA -43%
ATGL -43%
ALOKINDS -42%
RBLBANK -42%
NETWORK18 -41%
HUDCO -41%
EQUITASBNK -41%
TITAGARH -40%
MMTC -40%
SCI -40%
IRCON -40%
DBREALTY -40%
ITI -39%
ENGINERSIN -39%
UJJIVANSFB -39%
KIOCL -38%
HINDZINC -38%
J&KBANK -38%
IFCI -38%
BDL -38%
IRFC -37%
MANAPPURAM -37%
GRSE -37%
IOB -37%
NIACL -36%
IIFL -36%
PNCINFRA -36%
TRIDENT -36%
UNIONBANK -36%
DATAPATTNS -35%
TANLA -35%
ANURAS -35%
NSLNISP -35%
UCOBANK -35%
BANKINDIA -35%
FORCEMOT -34%
AARTIIND -34%
CGCL -34%
RAILTEL -34%
INFIBEAM -34%
SWANENERGY -34%
BIRLACORPN -33%
KIRLOSBROS -33%
ADANIPOWER -33%
SFL -33%
PSB -33%
IREDA -33%
SAMMAANCAP -33%
JWL -32%
JUNIPER -32%
BSOFT -32%
MEDANTA -32%
LODHA -32%
TTML -31%
SONATSOFTW -31%
NHPC -31%
GMDCLTD -31%
INTELLECT -30%
BANDHANBNK -30%
CHENNPETRO -30%
RAYMOND -30%
MAHABANK -29%
CERA -29%
PAYTM -29%
KPIGREEN -29%
PNB -29%
JKTYRE -28%
IRB -28%
RVNL -28%
RHIM -28%
CONCOR -28%
JBMA -28%
SKFINDIA -28%
TATAINVEST -28%
SAIL -28%
POONAWALLA -28%
DMART -28%
RITES -28%
DALBHARAT -28%
HFCL -28%
CONCORDBIO -28%
CYIENT -27%
REDINGTON -27%
NBCC -27%
CENTRALBK -27%
BHEL -27%
LICHSGFIN -27%
AEGISLOG -27%
RTNINDIA -27%
SJVN -26%
BEML -26%
VGUARD -26%
JYOTICNC -26%
SWSOLAR -26%
FACT -26%
UNOMINDA -25%
WELSPUNLIV -25%
IRCTC -25%
GPIL -25%
ASTRAL -25%
ARE&M -25%
ADANIENSOL -25%
GLAND -25%
MAHLIFE -25%
ASTERDM -25%
TATATECH -25%
INOXINDIA -25%
PRSMJOHNSN -25%
TIMKEN -25%
RPOWER -25%
RENUKA -25%
IDBI -25%
FINCABLES -25%
LICI -25%
HINDCOPPER -25%
PHOENIXLTD -24%
ZYDUSLIFE -24%
BAJAJELEC -24%
IDFCFIRSTB -24%
ZFCVINDIA -24%
LEMONTREE -24%
CASTROLIND -24%
PNBHOUSING -24%
SHOPERSTOP -24%
OLECTRA -24%
MAPMYINDIA -24%
RELINFRA -24%
TATAMOTORS -24%
HONASA -24%
IEX -24%
ACI -24%
INDIAMART -23%
INDUSINDBK -23%
BLS -23%
ZYDUSWELL -23%
VTL -23%
ENDURANCE -23%
GODREJIND -23%
SUPREMEIND -23%
ANGELONE -23%
DEVYANI -23%
GRAPHITE -23%
IGL -23%
GNFC -23%
BAJAJ-AUTO -23%
ELECTCAST -23%
KANSAINER -22%
EIHOTEL -22%
ADANIENT -22%
CARBORUNIV -22%
SHREECEM -22%
NYKAA -22%
GODFRYPHLP -22%
EXIDEIND -22%
NMDC -22%
ADANIGREEN -22%
RAMCOCEM -21%
RATEGAIN -21%
MAZDOCK -21%
MGL -21%
SOBHA -21%
TATACONSUM -21%
AWL -21%
ALKYLAMINE -21%
GUJGASLTD -21%
KIRLOSENG -21%
PCBL -21%
MSUMI -21%
SCHAEFFLER -21%
HAL -21%
ELECON -21%
DELHIVERY -21%
TATAELXSI -21%
PFC -21%
JPPOWER -21%
STARCEMENT -21%
GMRINFRA -20%
ONGC -20%
SBFC -20%
BHARATFORG -20%
CANBK -20%
MINDACORP -20%
ROUTE -20%

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

🚘 Hyundai Motor India Limited IPO

Listing Date : Tuesday, Oct 22, 2024
BSE Script : 544274
NSE Code : HYUNDAI
IPO Price : ₹1960

https://energy.economictimes.indiatimes.com/news/renewable/oriana-power-to-set-up-1-gw-green-hydrogen-electrolyser-plant-with-60-mn-investment/114421190

*News Headlines from Business News Agencies :*

*Business Standard :*

📝 Tata Motors receives order for 1000 diesel bus chassis from UPSRTC

📝 Housing sales in 30 major tier II cities down 13% in Jul-Sep: PropEquity

📝 Institutional investment in real estate up 31% to $4.61 bn in Jan-Sep: Rpt

📝 Indel Money to raise up to Rs 150 cr via NCDs to fund growth plans

📝 US buyers turn to India for apparel as Bangladesh faces growing concerns

📝 Govt to extend air connectivity scheme UDAN scheme for 10 more years: Naidu

📝 Norwegian bank DNB to buy Sweden's Carnegie from Altor for $1.14 bn

📝 Zomato's CEO Deepinder Goyal launches health, wellness startup 'Continue'

📝 Bain-Backed 360 One's Co-CEO Taparia to depart amid wealth management boom

📝 Innovation key to exponential growth of manufacturing sector: Bharat Forge

📝 UAE supermarket chain Lulu to offer 25% stake in IPO, list on Adx

📝 Dairy-tech startup Stellapps raises $26 million in series C funding


*Economic Times :*

📝 Allied Blenders and Distillers Limited partners with Roust Corporation to launch Russian Standard Vodka in India

📝 Gujarat to harvest a record crop of groundnut due to increase in area and yield, says SEA

📝 Inflation on declining path, but still have a distance to cover: RBI Bulletin

📝 Sterling & Wilson hives off data centre business, raises Rs 1,000 crore

📝 Brookfield Properties to supply green power to campuses in Delhi-NCR

📝 UltraTech Cement Q2 Results: Net profit falls 36% YoY to Rs 820 crore

📝 Mukul Agrawal buys 1.58% stake in Stanley Lifestyle

📝 PhonePe FY24 operating revenue up 73% to Rs 5,064 crore, loss down 28%

📝 Alembic Pharma gets USFDA nod for generic hypertension treatment capsules

📝 Reliance Retail expands AZORTE with 12 new stores in India

📝 India's civil aviation sector has huge growth runway: GE Aerospace CEO

📝 Gemba Capital ropes in banking expert Somak Ghosh in its advisory board


*Mint :*

📝 Indian apparel exporters' revenue may grow 9-11% in FY25, says Icra

📝 India Inc wants to stay close to startups with incubators and accelerators

📝 STL eyes mitigation of EU dumping duty; aims to be among top 3 optic fibre cos

📝 AI startup Perplexity in funding talks to more than double valuation to $8 bn

📝 NCLT dismisses ADAVL’s plea to block use of ‘Reliance’ brand by Hinduja Group

📝 Higher revenue forecast and employees signal growth for Indian IT’s top five

📝 Goa developer Vianaar taps second-home market in Sri Lanka

📝 Navi has enough liquidity to handle issues from RBI ban, company tells lenders

📝 Atlantic Union to buy Sandy Spring Bancorp in a deal worth $1.6 billion

📝 Swaraj Engines reports Q2 results: Net profit soars 20.4% to ₹ 45.4 cr

📝 Microsoft unveils new autonomous agents in Copilot to enhance business process

Bajaj Housing Finance reports #Q2 earnings

Net Profit Up 21% At ₹545.6 Cr Vs ₹451.1 Cr (YoY)

Revenue Up 21.1% At ₹2,410.2 Cr Vs ₹1,911.5 Cr (YoY)

🚨🚨. Tata Motors wins major order for 1,000 diesel bus chassis from UPSRTC

https://www.cnbctv18.com/auto/tata-motors-wins-major-order-for-1000-diesel-bus-chassis-from-upsrtc-19496372.htm?utm_medium=social&utm_source=whatsapp&utm_campaign=regular-editorial