ISLAMIC TIJARAT™ OFFICIAL

STREET BULLETIN 🗞

Date: 26-Nov-24


📍 EXPANSIONS & NEW OFFICES
EaseMyTrip: Opens a new office in Mumbai to strengthen corporate travel, B2B, and MICE services.

SEALMATICS: Inaugurates a 25,000 sq ft manufacturing facility at Kaman-Vasai, increasing production capacity by 65%.

📍 REGULATORY UPDATES & CLARIFICATIONS
ADANI GREEN ENERGY: Clarifies no new financial commitment under discussion with TotalEnergies.

MTNL: No confirmation on reported government decision on bank guarantees.

📍 TECHNOLOGY & SOLUTIONS
RATEGAIN: Partners with Kamat Hotels to enhance direct bookings and optimize customer acquisition across 18 luxury properties.

HCL TECH: Launches DataTrustShield in collaboration with Intel, focusing on secure data sharing, scalability, and compliance using Intel® TDX and Trust Authority.

📍 PATENTS & INNOVATIONS
KWALITY PHARMA: Receives biological product approval for PEGylated-Asparaginase for leukemia treatment, exploring CDMO partnerships for expanded access.

📍 ORDERS & CONTRACTS
BHARAT GLOBAL: Secures a ₹156 Cr order from UPL Agro Pvt. Ltd.

KRYSTAL INTEGRATED SERVICES: Wins ₹106.3 Cr contract from BMC.

FROG CELLSAT: Bags ₹110 Cr order for DAS solutions at Guwahati Airport.

RVNL: Wins ₹625 Cr order for infrastructure works in Maharashtra.

WAAREE ENERGIES: Secures a 600 MWp module supply order for renewable power projects.

📍 JOINT VENTURES & PARTNERSHIPS
L&T FINANCE: Partners with Amazon Finance to develop innovative credit solutions.

NTPC: Incorporates “MNGEPL,” a 50:50 JV with MAHAGENCO for renewable energy park development.

ASHOK LEYLAND: SWITCH Mobility collaborates with Vertelo to deploy 1,000 electric commercial vehicles.

📍 NEW PRODUCT LAUNCHES
SAJ HOTELS: Enters the QSR segment with ‘Daily Dosa,’ opening its first outlet in Andheri West, Mumbai.

OLA ELECTRIC: Launches four affordable e-scooters priced between ₹39,999-₹64,999 and introduces a PowerPod home inverter.

📍 CREDIT RATING UPGRADES
RENAISSANCE GLOBAL: CRISIL upgrades long-term credit rating to ‘A-’ with a stable outlook.

GE VERNOVA: ICRA upgrades long-term credit rating to [ICRA]A+; outlook revised to Positive.

📍 FUND-RAISING INITIATIVES
FIBRRWEB: Board meet on Dec 3 to discuss expansion of Spunlace Fabrics project and raise ₹200 Cr.

AAREY DRUGS, LANCER CONTAINER, ASIAN TEA, INDONG TEA: Board meetings on 09 December for raising of fund.

📍 CORPORATE MOVES
LIC: Increases shareholding in Patanjali Foods to 5.02%.

EXIDE INDUSTRIES: Invests ₹99 Cr in its subsidiary, bringing total investment to ₹3,052 Cr.

DEVYANI INT: CEO of Costa Coffee, Sreejit Madhavan Nair, resigns, effective Jan 8, 2025.

📍 ACQUISITIONS
LUMAX AUTO: Acquires 60% of Greenfuel Energy Solutions for ₹153.09 Cr.

ANNAPURNA: To acquire 100% equity in Madhur Confectioners Pvt. Ltd.

📍 INFRASTRUCTURE DEVELOPMENTS
INTERARCH BUILDING PROJECTS: Expands capacity with Andhra Pradesh Phase 2 and Kichha upgrades, targeting 200,000 MT annual capacity by April 2025.

AB INFRABUILD: Wins ₹70 Cr order for rail infrastructure in Mumbai from Western Railways.

WAAREE ENERGIES: Company has received order for supply of modules upto 600 MWp from a renowned customer engaged in the business of owning, developing and operating renewable power projects in India.

The supply of modules is scheduled to commence in FY 2025-2026.

https://www.instagram.com/p/DC1JuR_NqQ2/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

IPO Me Invest Karne Ke Fayde
Naye Opportunities: IPO ek naye aur growing business ke saath judne ka moka deta hai.
Ownership: IPO ke zariye aap ek company ka hissa ban jate hain.
Profit Potential: Agar aapne sahi IPO choose kiya, to aapko long-term aur short-term dono me achha munafa mil sakta hai.

KWALITY PHARMA: Kwality received its first Biological Product Permission for Manufacturing and Sale of PEGylated-Asparaginase

Company Says this marks the commercialization of our first biologics product in domestic and export markets.

L-Asparaginase, an E. coli-derived enzyme for treating acute lymphoblastic leukemia (ALL), is enhanced through PEGylation for better stability, reduced allergic reactions, and improved outcomes.

Kwality Pharmaceutical Ltd. is also exploring CDMO partnerships with leading domestic B2B companies to expand access to this critical therapy.

India's Q2 GDP growth is likely to be 6.5% compared to 7.6% in Q2 FY24

Slowest Growth In Last 6 Quarters , 3rd Straight Slowing quarter - REUTERS

Akums and Jagdale Collaborate to Redefine RTD Segment

🔹Akums Drugs & Pharmaceuticals partners with Jagdale Group to launch advanced aseptic packaging for ready-to-drink (RTD) products.

🔹Focus on diverse consumer needs in mass, premium, and medical markets, ensuring safety, stability, and longer shelf life.

🔹Partnership aligns with India's ₹1,000 crore RTD market, addressing growing demand for hydration and wellness solutions.

🔹Sustainable, eco-friendly packaging eliminates the need for refrigeration, catering to modern consumer preferences.

🔹Collaboration aims to revolutionize the healthcare and wellness landscape with high-quality, functional beverages.

INTERARCH BUILDING PROJECTS: Company to Expand Installed Capacity with Phase 2 Andhra Pradesh Unit and Kichha Plant Upgrade, Strengthens R&D Initiatives

With the AP Phase 2 unit expected to be operational and the Kichha upgrade completed by April 2025, Interarch’s total installed capacity is projected to surpass 200,000 metric tons per annum.

*Fund Houses Recommendations*


JPMorgan on *Bharti Hexa:* Maintain Overweight on Company, target price at Rs 1630/Sh (Positive)

JPMorgan on *KPIT Tech:* Maintain Overweight on Company, target price at Rs 1900/Sh (Positive)

JPMorgan on *Cyient:* Maintain Overweight on Company, target price at Rs 2250/Sh (Positive)

JPMorgan on *LTTS:* Maintain Overweight on Company, target price at Rs 6300/Sh (Positive)

JPMorgan on *Persistent:* Maintain Overweight on Company, target price at Rs 6100/Sh (Positive)

JPMorgan on *BEL:* Initiate Overweight on Company, target price at Rs 340/Sh (Positive)

JPMorgan on *HAL:* Initiate Overweight on Company, target price at Rs 5135/Sh (Positive)

Jefferies on *Reliance Ind:* Maintain Buy on Company, target price at Rs 1700/Sh (Positive)

UBS on *Swiggy:* Initiate Buy on Company, target price at Rs 515/Sh (Positive)

Citi on *Godrej CP:* Maintain Buy on Company, target price at Rs 1550/Sh (Positive)

Kotak on *Emcure:* Upgrade to Buy on Company, target price at Rs 1680/Sh (Positive)

Jefferies on *Real Estate:* Residential markets have seen a festive up-move with sales in October rising to a 6-month high. (Positive)

JPMorgan on *Tata Elxsi:* Maintain Underweight on Company, target price at Rs 6400/Sh (Neutral)

JPMorgan on *Tata Tech:* Maintain Underweight on Company, target price at Rs 800/Sh (Neutral)

JPMorgan on *Mazdock:* Initiate Neutral on Company, target price at Rs 4248/Sh (Neutral)

NALCO, HINDALCO, VEDANTA ; Russian aluminum producer Rusal will cut output by more than 6% in response to high global alumina prices and as tight monetary policy and an economic slowdown dampen domestic demand for the metal

Afcons Infra mngmt Says
Lull In Ordering Due To Elections, Expect Ordering Activity To Resume

Received 2 Major Road Projects From MSRDC

Some Bids Are Yet To Be Opened, Results Awaited

CIPLA: US FDA Had Issued 8 Observations For Cipla's Bengaluru Unit

Laboratory Control Mechanisms Not Established -CNBCTV18

🚨 Premier Energies Secures Orders Worth ₹1,087 Crore

Order Details:
🔹Supply of Solar PV Cells & Modules
🔹Total Value: ₹1,087 Cr (₹964 Cr for Solar Modules, ₹123 Cr for Solar Cells)

Timeline: Supply to commence from January 2025

#RenewableEnergy #SolarPower #PremierEnergies

HI-TECH PIPES: Company has appointed Bollywood celebrity Hrithik Roshan as its Brand Ambassador.

He will promote the brand across multiple media channels, included Print, Electronic media, outdoor advertisement, Digital Marketing and Radio Channels.

INDIA

Govt may not sharply hike FY26 capex outlay to keep fiscal deficit in check: ET SOURCES

FIIs turn net buyers after 38 sessions (MSCI impact was there)

Rupee sees biggest one day gain since June 3-MSCI Impact

KEI IND: CO. LAUNCHED QIP FOR FUND RAISING, FIXES FLOOR PRICE AT 3,880.54/SHARE

*News Headlines from Business News Agencies:*

*Business Standard*

📝 IndiGo, Japan Airlines set to commence codeshare partnership next month
📝 UK regulator fines Barclays $51 mn after it drops Qatar dealings appeal
📝 Maruti Suzuki achieves milestone of exporting 3 million cars from India
📝 Bumper kharif production to lower food inflation in coming months: FinMin
📝 7% workforce growth expected in H2 driven by logistics, e-comm: Report
📝 Ekart's supply chain monetisation efforts achieve 8x growth in last 3 years
📝 GoM report on GST on health insurance to be put before Council: FinMin
📝 India strengthens GenAI startup market, funding up over threefold: Nasscom
📝 Coal India floats tender seeking bids from private players for e-auction
📝 MakeMyTrip launches multi-currency payment options to boost inbound tourism
📝 Jyoti Structures to raise up to Rs 500 cr via rights issue
📝 Blackstone to buy stakes in natgas producer EQT's pipelines for $3.5 bn

*Economic Times*

📝 India's economic outlook for coming months 'cautiously optimistic': Finmin Report
📝 Microfinance sector tightens lending norms to address asset quality stress
📝 Amara Raja Infra sets up India's first green hydrogen fuelling station in Leh
📝 TIPS Music inks direct partnership with TikTok
📝 HDFC Life launches probe after customer data shared with "mala fide" intent
📝 Rexas Finance (RXS) ends presale with $12.2M raised: A guide to buying RXS crypto
📝 Sumadhura Group targets revenue of Rs 4000 crore from Hyderabad and Bengaluru projects
📝 Solarworld Energy Solutions secures Rs 110 cr in pre-IPO placement round
📝 Food inflation a 'short-term blip', will focus on volume growth: TCPL MD & CEO
📝 Edible oil industry urges government to resume futures trading for farmers' support
📝 Generative AI funding in India soars 6x in Q2 FY25: report

*Mint*

📝 S&P Global cuts India's GDP growth for FY26 and FY27, forecasts 6.8% in FY25
📝 Tata Capital Healthcare Fund to increase investment ticket size to $25 million
📝 Equinox, formerly Indiabulls Real Estate, debuts under ‘Embassy’ banner
📝 Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years
📝 Govt to dispatch 150 tonnes of onions by road to combat rising prices in J&K
📝 Star Health Unveils 'Star Arogya Digi Seva' to Bridge Healthcare Gaps in Rural India
📝 Apple's bid to pause India's anti-trust probe rejected by Competition Commission
📝 Crompton’s consumer durables biz on track, but Butterfly recovery taking longer
📝 Boardrooms to startups: PE firm scouts for professionals to build new ventures
📝 Kalpataru, Unimech Aerospace and Manufacturing gets SEBI nod for IPO
📝 Next year likely to bring more clarity for M&A deals: Investec officials

UK & FRANCE MAY DEPLOY TROOPS TO UKRAINE, REPORTS ARE STILL TO BE CONFIRMED - SOURCES

ALCARGO LOGISTICS OCT BIZ

LCL volumes rose 5% YoY in October 2024 to 746,000 cubic meters, with slight MoM growth in Latin America, Europe, and Asia Pacific. Economists predict easing inflation and demand recovery post-Golden Week.

Container utilization saw a slight MoM impact but stayed 3% higher YoY.

40-ft container usage saw slight MoM impact but remained 8% higher YoY.

October 2024 FCL volume hit a record 57,000 TEUs, up 14% YoY and 7% MoM, with growth across major regions.

October 2024 air volume dropped 22% YoY and 7% MoM to 2,474,000 kg, with declines in most regions except Europe and Asia Pacific.

AFCONS INFRA Q2 :CONS NET PROFIT UP 30 % AT 135 CR (YOY),UP 47 % (QOQ)

REVENUE DOWN 11 % AT 2959 CR (YOY) ,DOWN 6 % (QOQ)

EBITDA UP 4 % AT 344 CR (YOY),DOWN 2 %(QOQ)

MARGINS AT 11.65 % V 9.96 % (YOY), 11.2 % (QOQ)

https://www.instagram.com/p/DCwY-7VNWfq/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Islamic Tijarat platform aapko sirf halal aur Shariah-compliant IPOs aur stocks me invest karne ka moka deta hai. Aap Islamic Tijarat ki website aur app par ja kar easily kisi bhi IPO ka Shariah compliance check kar sakte hain

https://youtu.be/gX9QwKV1E58

Man Infrastructure will be in Focus

Promoter Mr. Parag Shah won Maharashtra election

Interestingly, Promoter buying has also been seen in the company since the last few months

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐅𝐈𝐈 𝐚𝐧𝐝 𝐃𝐈𝐈 𝐬𝐭𝐚𝐤𝐞𝐬!

Top 15 Stocks with Increased FII and DII Holdings!

1-Indigo Paints Ltd
2-Cyient DLM Ltd
3-Hi-Tech Pipes Ltd
4-Zen Technologies Ltd
5-Medi Assist Healthcare Services Ltd
6-Shaily Engineering Plastics Ltd
7-Electronics Mart India Ltd
8-Bharat Bijlee Ltd
9-Glenmark Life Sciences Ltd
10-Techno Electric & Engineering Company Ltd
11-5-Gulf Oil Lubricants India Ltd
12-Welspun Corp Ltd
13-PVR Inox Ltd
14-Welspun Living Ltd
15-Ethos Ltd

🟢Maharashtra NDA Win Beneficiary Companies

1. Gala Precision Engineering Ltd

2. CESC Ltd

3. Capacite Infraprojects Ltd

4. PNC Infratech Ltd

5. Ashoka Buildcon Ltd

6. KNR Constructions Ltd

7. CESC Ltd:

8. BIGBLOC Construction Ltd

9. GE Power India Ltd

10. NBCC (India) Ltd:

11. HPL Electric & Power Ltd

12. Ceinsys Tech Ltd

Reforms - Proposal - EMS - India to Announce $4-5 Billion Electronics Incentive Plan

Government Incentives: India plans to offer $4–5 billion in incentives to encourage local manufacturing of electronic components for gadgets like mobile phones, laptops, etc.

Reduce reliance on imported components, especially from China.

Incentivize local production of key components such as printed circuit boards. Deepen local supply chains for electronics manufacturing.

The scheme is in the final stages of approval by the finance ministry.

Launch expected in the next 2–3 months.

Good for overall sector.

NTPC GREEN: NTPC Green Energy Ltd. signed a Joint Venture with NREDCAP to set up RE projects worth ₹2,00,000 Cr in Andhra Pradesh

The focus will be on 25 GW Solar/Wind, 10 GW Pumped Storage, and 0.5 MMTPA Green Hydrogen

TIME TECHNOPLAST LTD

Time Technoplast Ltd.  has received approval from the Petroleum and Explosives Safety Organization (PESO) to manufacture Type-3 fully wrapped fibre reinforced composite cylinders for hydrogen-powered fuel cell, unmanned aerial vehicles (UAVs), and drones. This makes them the first company in India to receive such approval, showcasing their commitment to sustainable energy solutions. The company is also developing additional sizes for the same application. The approval strengthens their position as a local manufacturer of high technology solutions for sustainable energy within the aerospace sector.

Insider Trades

Bigbloc Construction: Promoter Narayan Sitaram Saboo bought 40,000 shares on Nov. 19.

Indoco Remedies: Promoter Aditi Panandikar bought 15,130 shares on Nov. 19.

BMW Industries: Promoter Ram Gopal Bansal bought 1.22 lakh shares on Nov. 18 and 19.

INSECTICIDES (INDIA): CO SAYS THE PATENT OFFICE, GOVT OF INDIA HAS GRANTED THE PATENT FOR AN INVENTION TO CO ENTITLED FUNGICIDAL COMPOSITIONS AND METHODS RELATED THERETO FOR THE TERM OF 20 YEARS FROM 28TH DAY OF JUNE 2019

https://m.economictimes.com/industry/cons-products/electronics/govt-to-offer-up-to-5-bn-in-incentives-to-local-electronics-firms-wean-off-china/articleshow/115561428.cms

https://www.instagram.com/p/DCrXXbOt6lv/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==


Islamic Tijarat ki website ab laaye hai latest IPO updates! Har naye IPO ki Shariah compliance check karein aur apne investments ko halal banayein. Islamic Tijarat ke saath apne financial decisions ko ethical aur Shariah ke mutabiq rakhein.

Abhi Islamic Tijarat ki website visit karein aur apne IPOs ko screen karein bina kisi pareshani ke

FII/DII ACTIVITY FOR THE WEEK

https://youtu.be/Iu8hmGKrHvU

APOLLO MICRO: BAGS RS 17 CR ORDER

FINEOTEX CHEMICAL : Co. Says Non-textile segments will drive volume and value growth going forward - Investor Presentation

MARKSANS PHARMA: USFDA approval for Loratadine USP 10mg tablets

They are indicated for the treatment of allergic rhinitis caused by pollen and upper respiratory tract allergy for over-the-counter (OTC) use.

This product is generic version of Clartin tablet in the same strength of Bayer Healthcare.

Loratadine is an antihistamine that treats symptoms such as itching, runny nose, watery eyes, and sneezing from "hay fever" and other allergies.

THYROCARE TECH Management says Positive on growth in second half of the year

Growth in second half will be driven by volumes

In metro markets, competitive intensity has come off

Seeing growth come back in the metro markets

In next 10 years growth will come 19.5 from many other emerging markets

Will continue to look for acquisitions in Rajasthan, Gujarat and North-East

Big disruption in Diagnostics is coming from more patient-centric tests

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Stable inflation is the bedrock for sustained growth: RBI Governor Das
📝 CIL to supply coal beyond normative requirement to non-regulated sector
📝 Goyal urges industry to raise quality standards, appoint representatives
📝 Uniqlo India aims Rs 1k cr sales mark in FY25, to increase local sourcing
📝 Sebi abolishes 1% mandatory security deposit requirements in public issues
📝 ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data
📝 Domestic solar installations surge 167% to 16.4 GW in Jan-Sep: Mercom
📝 Ashok Leyland strengthens retail presence in east with West Bengal outlet
📝 India's Russian oil imports up 3.3% in Oct from Sep, shows trade data
📝 Hyundai Motor India to set up 2 renewable energy plants at Chennai facility
📝 Insurtech firm Zopper raises $25 mn in to ramp up its digital infra

*Economic Times*

📝 BEML gets Rs 246.78 crore truck supply order from Central Coalfields
📝 CEA Nageswaran asks India Inc not to seek protective cover of weak currency
📝 Sebi abolishes 1 pc security deposit requirements in public issues
📝 Alibaba integrates ecommerce platforms into a single business unit
📝 Transport assets worth USD 400 billion in India exposed to climate hazards: Report
📝 Uber said to be in talks to invest in US IPO of China’s Pony AI
📝 Mental health startup Veda Rehabilitation and Wellness projects Rs 18 crore revenue by FY 26
📝 Nokia to supply Microsoft Azure with datacenter routers, switches for another 5 yrs
📝 India to be insulated from trade war between US and China: Goldman Sachs
📝 Domestic airlines' fleet to touch 1,400 planes in 5 years
📝 Jio, Airtel, Vi continue to suffer customer losses for a third time
📝 Asian Development Bank to provide $4.25 billion to Tata Power for clean energy power projects

*Mint*

📝 80% of equity mutual funds outperform respective benchmarks in October 2024
📝 Govt may include e-commerce data, expand coverage to calculate retail inflation
📝 Ola Electric laying off 500 employees in restructuring move
📝 Vedanta Resources postpones planned dollar bond offering: Report
📝 Belrise Industries files draft papers with SEBI to raise ₹2,150 crore via IPO
📝 Lemon Tree’s renovation drive leaves little room for re-rating
📝 Focus on bringing in good partners, not maximizing valuations: Peyush Bansal
📝 Byju’s founder accused of trying to regain firm with hidden cash
📝 Elon Musk’s startup xAI valued at $50 billion in new funding round
📝 Tiger Global-backed Moglix to boost sustainable packaging biz with ₹80-cr buy
📝 Natco Pharma submits ANDA with USFDA for Risdiplam for oral solution.

https://youtu.be/gX9QwKV1E58

https://youtu.be/Iu8hmGKrHvU

VIP IND: Clarification on News Reports "VIP Ind up 7% on reports Advent Int'l may acquire controlling stake"

Co. Says The news appearing in the aforesaid Article is mere speculation. As a policy, Company do not comment/ respond to speculations.

KOTYARK IND ; Co. has been allocated the tender for supply of 48,381 KL of Biodiesel between October 2024 to September 2025.

The Company will be supplying Biodiesel to IOCL,BPCL and HPCL.

US INITIAL JOBLESS CLAIMS ACTUAL 213K (FORECAST 220K, PREVIOUS 217K)

US CONTINUED JOBLESS CLAIMS ACTUAL 1.908M (FORECAST 1.88M, PREVIOUS 1.873M)

AfconsInfra declared lowest bidder for a project worth ₹1,274 cr from Uttarakhand Project Development & Construction Corporation

STREET BULLETIN
Date: 21-Nov-2024

📍 NEW VENTURES & EXPANSIONS
- Bhageria Industries: Incorporated a wholly owned subsidiary, *New Ahilyanagar Solar Private Limited*, on Nov 20, 2024.

- Hyundai Motor: Company To establish 2 renewable energy plants in Tamil Nadu for captive use at the Chennai plant.
- Unveiled the *IONIQ 9* three-row all-electric SUV with a 10-80% fast charge in 24 minutes.

📍 PROJECTS & CONTRACTS
- Relicab: Received manufacturer approval for interconnecting control cables for POWERGRID projects (valid until Nov 2025).

- Marco Cable: Secured ₹10.43 crore orders for L.T. Aerial Bunched Cable supply.

- Jyoti Ltd: Bagged ₹12.75 crore orders for turbine pumps in Gujarat.

- Innovators Facade Systems: Received a ₹110 crore order for façade work including stone cladding.

- Aartech Solonics: Developed an Adaptive Alternate Power Module for armored vehicles and guns, enhancing fuel efficiency and engine life.

- Tata Power: Signed an MoU to explore financing for energy transition projects worth $4.25 billion, including solar-wind hybrid and battery storage initiatives.

📍 FUNDRAISING UPDATES
- Emerald Finance: Board meeting scheduled on Nov 26 to consider raising funds via preferential issue.

- Protean eGov: NSE to sell its 10.15% stake via Offer for Sale (OFS) at ₹1550/share.

- Nippon AMC: Purchased commercial office space at One Lodha Place, Lower Parel, for ₹486 crore.

📍 MEDICAL SECTOR UPDATES
- Natco Pharma: Filed an ANDA with Paragraph IV certification for a generic version of EVRYSDI® oral solution, potentially qualifying for shared exclusivity. EVRYSDI® reported $571 million US sales in 2023.

- Bharat Parenteral: Subsidiary Innoxel Lifescience out-licensed a $500M injectable drug, with $4.5M in milestones and 20% profit sharing post-launch.

📍 SHOWROOM OPENINGS
- D.P. Abhushan: Opened a new showroom in Neemuch, Madhya Pradesh, expanding its footprint in Central India.

- Popular Vehicles: Step-down subsidiary Prabal Motors inaugurated a new Bharat Benz 3S facility in Maharashtra to cater to commercial vehicle demand.

📍 RESIGNATIONS & APPOINTMENTS
- Datamatics: Appointed Ankush Akar as Senior Vice President & Chief Financial Officer.

- East Blindtech: CFO and Compliance Officer Arpit Sharma resigned, effective Nov 9, 2024.

📍 NEW PRODUCT LAUNCHES
- TVS Motor: Launched the *TVS iQube 2.2 kWh* variant in Nepal, now available in three variants.

- Hyundai Motor: Unveiled the *IONIQ 9*, an all-electric SUV with cutting-edge design and innovative EV technology, including 10-80% fast charging in 24 minutes.

📍 OTHER UPDATES
- Coal India: Revised policy to allow coal supplies beyond ACQ for non-regulated sectors with incentives for performance above 100%.

- LIC: Increased stake in LTIMindtree from 5.03% to 7.03%.

CHINA ISSUES TEN POLICIES TO BOOST STABLE GROWTH IN FOREIGN TRADE

🔸STRENGTHEN FINANCING SUPPORT FOR FOREIGN TRADE FIRMS

🔸STRENGTHEN COORDINATION OF MACRO POLICIES TO MAINTAIN BASIC STABILITY OF THE RENMINBI EXCHANGE RATE AT A REASONABLE AND BALANCED LEVEL

🔸 ENCOURAGE FINANCIAL INSTITUTIONS TO OFFER FX RISK MANAGEMENT TOOLS FOR TRADE FIRMS

🔸IMPROVE IMPORT POLICIES FOR RECYCLED COPPER AND ALUMINUM MATERIALS AND EXPAND IMPORTS OF RECYCLED RESOURCES

🔸 EXPAND EXPORTS OF SPECIALTY AGRICULTURAL PRODUCTS

🔸 PROMOTING THE SIGNING OF VISA EXEMPTION AGREEMENTS WITH MORE COUNTRIES

JAPAN ; PACKAGE EXPECTED TO HAVE AN OVERALL IMPACT OF 39 TRILLION YEN, ACCORDING TO DOCUMENTS.

10.4 TRILLION YEN ALLOCATED FOR ECONOMIC GROWTH, 4.6 TRILLION YEN FOR INFLATION ACCORDING TO DOCUMENTS

https://youtu.be/gX9QwKV1E58

UKRAINE'S AIR FORCE SAYS RUSSIA LAUNCHED INTERCONTINENTAL BALLISTIC MISSILE FROM ASTRAKHAN REGION

AMBER AND DIXON IN FOCUS

APPLE TALKS TO OVER 40 INDIAN FIRMS FOR COMPONENT SUPPLY CHAIN AS CHINA ALLIES STEP BACK

The activity is on for some time at a larger level. Apple has a big team that has been discussing with Indian companies, including large conglomerates. They have met all large EMS companies in India, including Dixon and Amber. They are also talking to some global players,” a source familiar with Apple’s plans told Moneycontrol on condition of anonymity.

AC STOCK , EPACK DURABLE, PG ELECTROPLAST , AMBER ENT.: India faces potential summer shortage of ACs, fridges due to BIS refusal of Chinese suppliers - ET

Market Share of Quick Commerce Apps:

- Blinkit: 46%
- Zepto: 29%
- Swiggy Instamart: 25%

TATA TECH: WINS RS 95 CR ORDER

Co. has today signed a Memorandum of Agreement (‘MoA’) with Department of Industries & Commerce, Government of Tripura, Secretariat, Agartala, for ITI Upgrade project for upgrading 19 ITI across Tripura.

Kotyark ltd informed about receiving an allocation for 48,381 KL of BIODIESEL supply from (IOC), (HPCL) & (BPCL).

The estimated order value is ₹564 Cr

The order is to be completed by Sep Fy25.

REUTERS POLL-FEDERAL RESERVE TO CUT FED FUNDS RATE BY 25BPS IN DEC TO 4.25%-4.50%, SAY 94 OF 106 ECONOMISTS

REUTERS POLL-RISK OF RESURGENCE IN U.S. INFLATION NEXT YEAR HAS RISEN, SAY 57 OF 67 ECONOMISTS

REUTERS POLL-U.S. PRESIDENT-ELECT TRUMP'S PROPOSED TARIFFS WILL SIGNIFICANTLY IMPACT U.S. ECONOMY, SAY 44 OF 51 ECONOMISTS

AMBALAL SARABHAI ; Telerad, a division of Systronics India (a subsidiary of Ambalal Sarabhai Enterprises), partners with California's Bolin Technology as the sole distributor of PTZ cameras and AV-over-IP solutions in India.

Birla Opus becomes the 2nd largest decorative paint player by installed capacity 🤯

For a brand launched in 2024, this is a remarkable achievement. 🥈

Out of the initially planned ₹10,000 crore investment, 85% has already been utilized.

Currently, Birla Opus offers over 900 SKUs, compared to the 2,000–3,000 SKUs provided by industry leader Asian Paints.

India Economic Affairs Secy says Growth projection of 6.5%-7% intact, no major downside risks.

Food prices remain a concern; other inflation manageable.

FY25 capex target of ₹11.1 Lk Cr may slightly undershoot.

India's first hydrogen train to begin trails next month on the Jind-Sonipat route.

CUPID ; PROMOTER BUYS ADDITIONAL 0.19 % STAKE ON 19 NOV VIA OPEN MARKET

Smallcap index correction & recovery

Voting day in Maharashtra and Jharkhand

November 20, 6 pm - Voting will conclude
6:30 pm - We will see exit poll coming from various sources for both the states

November 23 - Election results for both the states

Volatility may remain high since Maharashtra is crucial state and NDA losing will be a big jolt.

Just came across this beautiful line in a book.
And it's for all our channel members feeling down because markets are falling.

———

Market ups and downs are part of investing.

Those who get excited in ups and disappointed in downs rarely make money—they’re just running in the rat race.

The real winners are those who stay steady through both ups and downs.

——-

"The big money is not in the buying and the selling but in the waiting."

- Charlie Munger

Consumer Electronics - Big Shortage of air conditioners and refrigerators by mid-2025

Mandatory for manufacturers of ACs, refrigerators, and components to meet government standards and obtain the ISI mark.

The BIS decision aims to promote local manufacturing and prevent Chinese imports from flooding the Indian market.

Critical components include sheet metals, copper tubes, compressors, advanced electronics, and motors.

Approximately 85% of AC compressors and 70-75% of refrigerator components are still imported.

Local production is unable to fully replace imported components due to limited capacity and higher costs.

A leading multinational manufacturer is reportedly transferring component production to India from other subsidiaries.

Consumption -Slowdown - Low income most impacted

Persistent inflation and economic pressures are impacting urban consumer demand.

Discretionary spending is declining, forcing companies to compete harder for consumers' share of wallet.

Beauty, wearables, logistics, and e-commerce companies are among the worst-hit sectors.

The slowdown is particularly pronounced among urban households earning ₹5–10 lakh per annum.

High inflation rates are prompting consumers to delay or cancel discretionary spending.

The broader consumption slowdown is expected to persist, affecting other sectors.

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Nissan Motor India commences export of new SUV Magnite to South Africa
📝 NTPC Green Energy IPO subscribed 33% on Day 1; retail portion fully booked
📝 Godrej Industries raises Rs 1,000 crore through NCDs in two tranches
📝 4.8 mn weddings boost business for jewellery, apparel, auto, and hotels
📝 EV players seek GST cut on batteries, charging services to boost adoption
📝 Russia's seaborne crude oil exports fall to lowest since September
📝 Hyderabad shines as fastest-growing city driven by real estate growth
📝 India among our top three focus markets globally, says Pearson executive
📝 Bio-plastics emerge as green alternative revenue play for sugar producers
📝 TAFE, AGCO claim legal relief from Madras HC in tractor brand dispute
📝 Sony in talks to buy Japan's media giant behind 'Elden Ring' video game

*Economic Times*

📝 Havells India to invest Rs 480 cr on new refrigerator manufacturing plant in Rajasthan
📝 Colt DCS, RMZ form joint venture to invest $1.7 billion in India data centres
📝 TS Suites by TableSpace Targets Rs 800 crore revenue by 2025, to enter newer cities
📝 BSE500 earnings downgraded by 3%; H2FY25 asking rate high: Nuvama
📝 Three-fourths of top taxpayers back Standard Audit File for Tax, Tax E-Wallet: Deloitte survey
📝 Birla Opus Paints opens 4th plant, eyes Rs 10,000 crores in revenue in first three years
📝 Walmart's promise of low prices proves to be a powerful draw in the third quarter
📝 Paytm UPI goes global; app users can make payments at select international locations
📝 FLY91 adds Solapur to its destination network
📝 NFO Alert: PGIM India Mutual Fund launches healthcare fund
📝 Indian steelmakers make new push for temporary tax to check cheap imports
📝 Waaree’s gross margins are much higher than last quarter and even on a H1 basis: CFO

*Mint*

📝 Meta to challenge ₹213-crore penalty by CCI over WhatsApp privacy policy
📝 RMZ, Colt DCS form JV to invest $1.7 billion in data centres across cities
📝 FICCI's EV head calls for tax cuts on batteries, charging to lower costs
📝 LTIMindtree extends contract with European Paytech provider Nexi Group
📝 Lightspeed set to lead clean-tech startup SolarSquare’s $30 mn funding round
📝 India should secure supply chains for nuclear fuel, says MEA special secretary
📝 JioStar, Prime Video set to transform India's advertising ecosystem
📝 NABH and RSSDI collaborate to improve quality of diabetes care in India
📝 P.F. Chang's expands its Pan-Asian Dining Experience to DLF Mall of India, Noida (NCR)
📝 India prioritizes equity, balance in free trade agreements: Piyush Goyal
📝 Apollo Tyres has to cover a lot of ground to reverse under-performance

STREET BULLETIN


📍 CONTRACTS & PROJECTS
- NBCC: Secured a ₹122 crore order.

- MANAV INFRA: Bagged an ₹11.8 crore order for metro car depot work in Kasheli.


- AGNI GREEN: Received a ₹2.57 crore order for a 3 MWp solar PV system in West Bengal.

- GRSE: Signed a ₹226.18 crore contract for 13 hybrid ferries for River Hooghly operations.

📍 EXPANSION & INVESTMENTS
- HAVELLS INDIA: Plans to set up a refrigerator manufacturing facility in Rajasthan.

- DCM SHRIRAM: Completed expansion at its Loni sugar plant, boosting capacity to 9400 TCD.

- GRASIM: Opened its fourth paint factory in Karnataka, increasing installed capacity to 866 MLPA.

📍 MERGERS & ACQUISITIONS
- GODAVARI POWER: To acquire a 51% stake in Jammu Pigments Limited for ₹255 crore.

- CENTURY PLYBOARD: Raised its shareholding in Century Infotech Ltd. to 100%.

📍 LEADERSHIP APPOINTMENTS
- MERCURY EV: CEO Kavit Thakkar resigned, effective Nov 14, 2024.

📍 NEW PRODUCT LAUNCHES
- TVS MOTOR: Introduced TVS Apache RTR 160 4V with advanced features and technology.

📍 REGULATORY & APPROVALS
- SHILPA MEDICARE: Subsidiary received CEP certification for API Nifedipine from EDQM.

- JSW STEEL: Declared the preferred bidder for the Codli Mineral Block-XII in Goa.

📍 BONUS & DIVIDEND ANNOUNCEMENTS
- HARDWYN: Approved a 2:5 bonus issue.

- KPI GREEN: Approved a 1:2 bonus issue.

📍 IPO PLANS & FUNDRAISING
- Aegis Logistics: Filed a draft prospectus for a ₹3500 crore IPO via subsidiary Aegis Vopak Terminals Limited.

📍 INDUSTRY NEWS
- OIL INDIA: Partnered with TotalEnergies to collaborate on methane emissions detection using AUSEA1 technology.

- ZOMATO: Forecasts 30% annual growth in its food delivery business over the next five years.

SYRMA SGS ; Syrma SGS sets up one of the largest Electronics Manufacturing Facility in Pune

The campus facility set to bolster company's global operations and complement its growth momentum

NUVOCO VISTAS Q2 Result

NET LOSS AT 85 CR V 1.53 CR PROFIT(YOY), 2.84 CR PROFIT (QOQ)

REVENUE DOWN 12 % AT 2268 CR (YOY) ,DOWN 14 % (QOQ)

EBITDA DOWN 34 % AT 219 CR (YOY),DOWN 36 %(QOQ)

EBITDA MARGINS AT 9.65 % V 12.8 % (YOY), 13.05 % (QOQ)

GAIL INDIA: CO EXEC SAYS PLANS TO RAISE 40B RUPEES BY MARCH 2025 SAYS MAY RAISE FOREIGN CURRENCY LOANS IF COST IS CHEAPER SAYS AIMS TO EXPAND LONG TERM LNG IMPORT PORTFOLIO TO 21 MTPA BY 2030

ITD CEMENTATION: ADANI GROUP IS IN FINAL STAGE OF ACQUIRING ITD CEMENTATION, AS PER SOURCES ET

#2QWithCNBCTV18 | #Birlasoft reports #Q2Results 👇

👉Net profit down 15.1% at ₹127.5 cr vs ₹150.2 cr (QoQ)

👉Revenue up 3.1% at ₹1,368 cr vs ₹1,327 cr (QoQ)

👉EBIT down 17.9% at ₹143.1 cr vs ₹174.4 cr (QoQ)

👉Margin at 10.5% vs 13.2% (QoQ)

PIDILITE INDUSTRIES Q2 Result

NET PROFIT UP 19 % AT 534 CR (YOY),DOWN 6 % (QOQ)

REVENUE UP 5 % AT 3234 CR (YOY) ,DOWN 5 % (QOQ)

EBITDA UP 14 % AT 778 CR (YOY),DOWN 4 %(QOQ)

MARGINS AT 24.07 % V 22.1% (YOY), 23.95 % (QOQ)

NATH BIO Q2 Result

NET PROFIT DOWN 26 % AT 1.11 CR (YOY),DOWN 97 % (QOQ)

REVENUE UP 43 % AT 32.19 CR (YOY) ,DOWN 87 % (QOQ)

EBITDA UP 21 % AT 7.95 CR (YOY),DOWN 93 %(QOQ)

MARGINS AT 24.7 % V 29.1% (YOY),43.69 % (QOQ)

https://www.instagram.com/p/DBeEyw1ynEJ/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

Date: 23-Oct-2024 ( IMP UPDATES TILL 7:00PM)

ORDER WIN
JYOTI STRUCTURES: Company has received a letter of acceptance from Adani Energy Solutions Limited Worth Rs 450.1 Cr (M Cap : 2774CR) (FY24 Revenue: 475.3 CR)

IRB INFRA ; Co. has been declared as qualified bidder by the NTPC Vidyut Vyapar Nigam Limited for 185 MW/370 MWh out of the project of tariff-based setting up of 500 MW/1000 MWh standalone battery energy storage systems in India with viability gap funding support as per the terms and conditions of the Request for Selection (RfS).

THINKING HATS: Company bagging an order from Cotin Planning Co Ltd, Korea, to organize the "K Food Universe India - Korean Food Pop-Up Store" event at DLF Avenue Saket, New Delhi, from October 25 to November 17, 2024.

POWERGRID: Board accorded Investment approval for the project “Transmission system for evacuation of Power from REZ in Rajasthan, at an estimated cost of ₹284.10 crore.

KEC INT ; KEC International wins New Orders of Rs. 1,142 crores Order Book :13500CR MCAP; 24854

FUND RAISING
GUJARAT FLUOROCHEMICALS: Company Subsidiary, GFCL EV To Raise ₹1,000 Cr At An Eq Valuation Of ₹25,000 Cr

KPIT TECH ; APPROVED UPTO RS 2900 CR FUND RAISING Via QIP

ACQUISITION
ITD CEMENTATION: Adani Group Is In Final Stage Of Acquiring Itd Cementation -Etnow

Rajnish Wellness: Company has received a acquisition offer from Python Chemical Company Limited, based in Thailand. (Board Meet on 5th November 2024) (The details of the offer are as follows:
1. Acquisition of DavaDiscount Brand:
Offer Value: INR 650 Crores
2. Acquisition of PlayWin Brand:
Offer Value: INR 400 Crores {MCAP 221 CR}.

ALLCARGO TERMINAL: Company’s Strategic Investment in HORCL for MMLP, Farukhnagar Currently, only about 7-8% of ATL’s total EXIM volumes comes from northern India (Dadri). After the commencement of this project in Farukhnagar, the volume contribution from north India to ATL will be in the range of 17-20%.

COLLABORATION
RITES& NMDC collaborate for Rail Connectivity works

WIPRO: Wealthtime pioneers innovative business transformation through agreement with Wipro and GBST

INFOSYS: Company Expands Strategic Collaboration with Meta: Unveils Center of Excellence to Drive Enterprise AI Innovation through Open Source


STOCK SPLIT/ BONUS

SIYARAM SILK MILLS: BORAD MEET TO CONSIDER BONUS ON 26 OCT

LINC ; BOARD MEET ON 29 OCT TO CONSIDER STOCK SPLIT, BONUS ISSUE

PLANT COMMENCEMENT

BIOCON: Amgens Launch Of Eylea May Lead To Eps Cut For Biocon- Cnbctv18

AGS TRANSACT TECHNOLOGIES: Company Enables UPIQR-based Cash Withdrawals on ATMs of a Public Sector Bank with Network of 1000+ ATMs, for a Faster, Card-free Banking Experience
CAMS: Company expands its presence in GIFT City, Gujarat, inaugurating the second office premises

MAHINDRA LOGISTICS: Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited, has launched its latest property, Club Mahindra Pavagadh in Gujarat.

SIYARAM SILKS ; Siyaram’s Expands Retail Footprint with New Fast Fashion and Ethnic Clothing Stores

SYRMA SGS: Company has inaugurated, its new state of art integrated electronics manufacturing facility in Ranjangaon near Pune, Maharashtra.

MERGER/DEMERGER
HINDUSTAN UNILEVER: Decided to separate the ice cream business based on recommendation of independent committee Ice cream contributes 3% to HUL's turnover

USFDA
ZYDUS LIFE: WHO prequalifies Zydus’s Typhoid Vi Conjugate Vaccine, ZyVac® TCV. Company receives acceptability, in principle, for ZyVac® TCV making it eligible for purchase by United Nations procurement agencies.

RESIGNATION
SYNGENE INTERNATIONAL: Mr. Sibaji Biswas resigns as CFO, effective November 30, 2024.

OTHER UPDATE
ESCORTS: Escorts board approved the sale of its Railway Equipment Division to Sona BLW Precision Forgings Ltd for INR 1,600 crore on a slump sale basis.

METRO BRANDS Q2 :CONS NET PROFIT UP 4 % AT 69.5 CR (YOY), DOWN 24 % (QOQ)

REVENUE UP 5 % AT 585 CR (YOY) ,UP 2 % (QOQ)

EBITDA FLAT% AT 155 CR (YOY), DOWN 14 %(QOQ)

MARGINS AT 26.4 % V 27.9 % (YOY), 31.3 % (QOQ)

KRYSTAL INTEGRATED Q2 :CONS NET PROFIT UP 27 % AT 10.5 CR (YOY), DOWN 2 % (QOQ)

REVENUE UP 13 % AT 266 CR (YOY) ,UP 4 % (QOQ)

EBITDA UP 2 % AT 16.92 CR (YOY),UP 4 %(QOQ)

MARGINS AT 6.35 % V 7.1 % (YOY),6.3 % (QOQ)

NAVIN FLUORINE INTERNATIONAL LTD Q2 CONS

REVENUE 519 CR VS 472 CR (YOY), Q1 534 CR

NET PROFIT 58.82 CR VS 60.58 CR (YOY), Q1 51.2 CR

EBITDA 107 CR VS 98 CR (YOY), Q1 100 CR

EBITDA MARGIN 20.7% VS 20.8% (YOY), Q1 19%

HUL Q2 ; NET PROFIT DOWN 4 % TO 2612 CR YOY , UP 3 % QOQ

REVENUE UP 2 % AT 15,817CR (YOY) ,UP 1 % (QOQ)

EBITDA DOWN 1 % AT 3956 CR (YOY),UP 2 %(QOQ)

MARGINS AT 25 % V 25.55 % (YOY),24.75 % (QOQ)

DIVIDEND: 29 ( RS 19 NORMAL + 10 SPECIAL DIVIDEND)

SCHAEFFLER INDIA Q2 SL

NET PROFIT 2.5B RUPEES VS 2.35B (YOY); 2.53B (QOQ)

REVENUE 20.7B RUPEES VS 18.5B (YOY)

SEBITDA 3.75B RUPEES VS 3.42B (YOY)

EBITDA MARGIN 18.11% VS 18.50% (YOY)

JOHNSON CONTROL HITACHI Q2

REVENUE 396 CR VS 280 CR (YOY), Q1 996 CR

NET LOSS OF 30 CR VS 56 CR (YOY), Q1 PROFIT OF 37 CR

KEC INT ; KEC International wins New Orders of Rs. 1,142 crores

Order Book :13500CR
MCAP; 24854

SONA BLW Q2 :CONS NET PROFIT UP 15 % AT 143 CR (YOY),UP 1 % (QOQ)

REVENUE UP 17 % AT 922 CR (YOY) ,UP 3 % (QOQ)

EBITDA UP 14 % AT 251 CR (YOY),UP 1%(QOQ)

MARGINS AT 27.3 % V 27.94 % (YOY), 27.95 % (QOQ)

DAI-ICHI Q2

REVENUE 37 CR VS 35 CR (YOY), Q1 34 CR

NET LOSS 0.37 CR VS PROFIT 14.82 CR (YOY), Q1 LOSS OF 0.27 CR

THYROCARE TECH Q2 Result

NET PROFIT UP 31 % AT 26.7 CR (YOY),UP 10 % (QOQ)

REVENUE UP 20 % AT 177 CR (YOY) ,UP 13 % (QOQ)

EBITDA UP 29 % AT 48.2 CR (YOY),UP 13 %(QOQ)

EBITDA MARGINS AT 27.2 % V 25.35 % (YOY), 27.17 % (QOQ)

VIP INDUSTRIES Q2 RESULT

NET LOSS 33 CR VS PROFIT 13 CR (YOY), Q1 4 CR

REVENUE  544 CR VS 546 CR (YOY), Q1 639 CR

EBITDA - 2 CR  VS 53 CR (YOY), Q1 49 CR

EBITDA MARGIN  -0.4% VS 9.7% (YOY), Q1 7.7%