INDIAN STOCK EXPRESS Telegram Posts

Nifty Outlook**

- Global Markets: Positive
- Oil: $79.33 | DXY: 108.09 | USD-INR: 86.58
- US 10-Yr Yield: 4.59%

FII Data
- Cash: -₹5,920 Cr | Index Fut: -₹2,428 Cr
- Options: -₹2,937 Cr | Stock Fut: -₹5,457 Cr

Key Levels
- Support: 23,000/22,875
- Resistance: 23,150/23,280
- Range: 22,900–23,400

ICICI Prudential down 10% as margins fall and multiple brokerages downgraded the stock

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DIVIDEND: 15... COMPARE QOQ

CRISIL: APPROVED DIVIDEND 15RS/SHARE

BIKAJI FOODS: Company says will make a strategic investment of an amount not exceeding ₹ 131.01 Crores in Hazelnut Factory Food Products Private Limited (“THF”) for acquisition of its 53.02% of
total issued and paid-up equity share capital, in tranches.

Additionally, the BFRL has entered into the Share Subscription Agreement and Share Purchase Agreement(“Transaction Documents”) with THF and its promoters to record the terms and conditions governing the strategic investment.

53.02% of the total issued and paid-up equity share capital of THF is proposed to be acquired over a time period of 2 years from the first tranche of acquisition or such other later date, as may be mutually agreed between the parties.

Domestic business achieves its highest revenue, led by double-digit growth in motorcycles, commercial vehicles, and electric scooters.

Export revenue sees double-digit growth, with Pulsar sales exceeding 110K units; LATAM sets a new record.

Motorcycles sustain double-digit growth, with Pulsar leading the sports segment; new 'Freedom 125' CNG bike launched.

Triumph reports 50% QoQ volume growth, boosted by new product launches and expanded dealer network.

Commercial vehicles hit an all-time high, with e3W market share doubling to 35%.

BAJAJ AUTO Q2 HIGHLIGHTS

Revenue surpasses ₹13,000 crores, up 22% YoY, driven by vehicle sales and spares.

EBITDA hits a record ₹2,653 crores, with margins exceeding 20%, up 24% YoY.

PAT reaches a new high at ₹2,216 crores, up 21% YoY; reported PAT at ₹2,005 crores after deferred tax adjustments.

Green energy portfolio grows, with 100K electric vehicles sold in the quarter, contributing 40% to domestic revenues.

Domestic business achieves its highest revenue, led by double-digit growth in motorcycles, commercial vehicles, and electric scooters.

Note Amit jain gained extensive experience through varied roles at Godrej Consumer Product Ltd (GCPL). In his last role with GCPL he was Head Sales (India Business). Prior to GCPL, he worked with companies like Dabur India Ltd, Perfetti Van Melle and TVS Motor.

DMART: Company informed Appointment of Mr. Amit Jain as Chief Operating Officer (Senior M Management Personnel) of the Company with effect from 17th October, 2024.

Mr. Parvez Vandrewala presently serving as Vice President-Operations will assume the role of Chief Operating Officer of the Company commencing 17th October, 2024. In his new role, Mr. Vandrewala will be a Senior Management Personnel of the Company.