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NIRMAL BANG OFFICIAL (English)

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NIRMAL BANG OFFICIAL

26 Nov, 15:41

OPTION BUY MiniGOLDCE 75K bt 1730-1680 SL BELOW 1430 TGT 2100-2230
619
NIRMAL BANG OFFICIAL

26 Nov, 14:47

Option BUY CRUDECE 5900 bt 180-170 SL BELOW 130 TGT 230-250

BUY CRUDE BET 5920-10 SL BELOW 5825 TGT 6030-50
875
NIRMAL BANG OFFICIAL

26 Nov, 13:08

Option BUY GOLDM 75500CE BT 1560-1500 SL BELOW 1300 TGT 1880-2000

BUY ZINC BET 285.2-284.9 SL BELOW 283 TGT 288-288.9
1,251
NIRMAL BANG OFFICIAL

26 Nov, 09:41

1-2 DAYS  Technical Call book partial profit in ANGELONE @ 2890-2895 Target 2900 BUY call initiated 2814.40(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,568
NIRMAL BANG OFFICIAL

26 Nov, 07:58

1-2 Days Technical Call buy CAPACITE above 404 with SL 390 Target 432 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang)
1,771
NIRMAL BANG OFFICIAL

26 Nov, 07:22

Positional Derivatives Call Buy LAURUSLABS 26DEC Future above 540 with SL 526 Target 570 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,745
NIRMAL BANG OFFICIAL

26 Nov, 07:20

Positional Derivatives Call Buy INDUSINDBNK 26DEC 1020 CE above 30 with SL 20 Target 50 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang)
1,771
NIRMAL BANG OFFICIAL

26 Nov, 06:42

BUY GUARGUM DEC 10340-300 SL BELOW 10100 TARGET 10600-10800
1,864
NIRMAL BANG OFFICIAL

26 Nov, 05:44

1-2 DAYS Technical Sell Call INDHOTEL FUT  SL TRIGGER @794. Visit our website for disclosure. (Nirmal Bang).
1,902
NIRMAL BANG OFFICIAL

26 Nov, 04:54

Intraday Derivatives Call Book Partial Profits in BANKNIFTY 27NOV 52200 PE at 390-395, Target 485, Call initiated at 285 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,974
NIRMAL BANG OFFICIAL

26 Nov, 04:52

1-2 DAYS Call Technical call SELL MFSL FUT 28 NOV BELOW 1164.40 with SL 1185 Target 1120(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,938
NIRMAL BANG OFFICIAL

26 Nov, 04:52

1-2 DAYS Call Technical call SELL MFSL FUT 28 NOV BELOW 1164.40 with SL 1185 Target 1120(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,802
NIRMAL BANG OFFICIAL

26 Nov, 04:49

Intraday Derivatives Call Buy BANKNIFTY 27NOV 52200 PE above 285 with SL 190 Target 485 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,881
NIRMAL BANG OFFICIAL

26 Nov, 04:45

1-2 DAYS Call Technical call SELL DIVISLAB FUT 26DEC BELOW 6060.4 with SL 6180 Target 5740 (ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang). 
1,760
NIRMAL BANG OFFICIAL

26 Nov, 04:39

1-2 DAYS Technical call Buy ANGELONE above 2814.40 with SL 2770  Target 2900(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang). 
1,773
NIRMAL BANG OFFICIAL

26 Nov, 04:36

1-2 DAYS Call Technical call SELL INDHOTEL FUT 26DEC  BELOW 786.4 with SL 794 Target 760 (ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang)
1,644
NIRMAL BANG OFFICIAL

26 Nov, 04:31

Intraday Derivatives Call Book Partial Profits in NIFTY 28NOV 24200 PE at 123-128, Target 160, Call initiated at 102 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,601
NIRMAL BANG OFFICIAL

26 Nov, 04:24

Intraday Derivatives Call Buy NIFTY 28NOV 24200 PE above 102 with SL 70 Target 160 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,697
NIRMAL BANG OFFICIAL

26 Nov, 03:40

Brokerage Update:

Jefferies on Reliance: Maintain Buy with target price of Rs 1700


JP Morgan on Cyient: Maintains Overweight with a target price of Rs. 2,250


JP Morgan on L&T Tech: Maintains Overweight with a target price of Rs. 6,300


Kotak Securities on Emcure: Upgrade to Buy from Add; target price at Rs 1680


JP Morgan on KPIT Tech: Maintains Overweight with a target price of Rs. 1,900


JPMorgan on Bharti Hexacom: Maintain Overweight with target price of Rs 1630


 UBS on Swiggy: Initiate Buy with target price of Rs 515


JP Morgan on BEL: Maintains Overweight with a target price of Rs. 340


JP Morgan on HAL: Maintains Overweight with a target price of Rs. 5,135


JP Morgan on Persistent Systems: Maintains Overweight with a target price of Rs. 6,100


JP Morgan on Tata Tech: Maintains Underweight with a target price of Rs. 800


JP Morgan on Tata Elxsi: Maintains Underweight with a target price of Rs. 6,400


Indus Towers Raised to Neutral at Macquarie; Target Price 310 rupees


Mazagon Dock Rated New Neutral at JPMorgan; Target Price  4,248 rupees


Colgate India Raised to Buy at Jefferies; Target Price 3,570 rupees
1,760
NIRMAL BANG OFFICIAL

19 Nov, 17:08

Option BUY NATGAS 255 CE 7.5-7 SL BELOW 3.6 TGT 12-14.7
560
NIRMAL BANG OFFICIAL

19 Nov, 16:26

Book 244.4-244.8 - ( BUY ALUMINIUM AT 242.5-242.2 SL BELOW 240.80 TARGET 245-246 )
720
NIRMAL BANG OFFICIAL

19 Nov, 15:50

Book full 75440-400 and wait for fresh call - ( SELL GOLD BET 75560-610 SL ABV 75867 TGT 75000-74800 )
867
NIRMAL BANG OFFICIAL

19 Nov, 15:41

Book full 75440-400 and wait for fresh call - ( SELL GOLD BET 75560-610 SL ABV 75867 TGT 75000-74800 )
904
NIRMAL BANG OFFICIAL

19 Nov, 15:18

Book full 4.3-3.8 - ( Option SELL NATGAS245PE BT 5.5-6.4 SL ABV 8.9 TGT 0 )
979
NIRMAL BANG OFFICIAL

19 Nov, 15:01

Book Full 235-240 - ( Option BUY CRUDECE5850 bt 215-205 SL BELOW 180 TGT 260-275 )
1,090
NIRMAL BANG OFFICIAL

19 Nov, 14:43

Option BUY CRUDECE5850 bt 215-205 SL BELOW 180 TGT 260-275
1,122
NIRMAL BANG OFFICIAL

19 Nov, 14:24

SELL GOLD BET 75560-610 SL ABV 75867 TGT 75000-74800
1,145
NIRMAL BANG OFFICIAL

19 Nov, 14:23

Option BUY SILVERPE89500 bt 780-720 SL BELOW 380 TGT 1200-1340
1,139
NIRMAL BANG OFFICIAL

19 Nov, 14:15

Option SELL NATGAS245PE BT 5.5-6.4 SL ABV 8.9 TGT 0
1,128
NIRMAL BANG OFFICIAL

19 Nov, 09:49

NIITLTD SL TRIGGER @188 Visit our website for disclosure. (Nirmal Bang). 
1,526
NIRMAL BANG OFFICIAL

19 Nov, 09:37

1-2 DAYS INOXWIND CLOSE @191.5 Visit our website for disclosure. (Nirmal Bang). 
1,516
NIRMAL BANG OFFICIAL

19 Nov, 09:36

1-2 DAYS INOXWIND CLOSE @191.5 Visit our website for disclosure. (Nirmal Bang). 
1,571
NIRMAL BANG OFFICIAL

19 Nov, 09:25

UKRAINE MAKES FIRST ATACMS STRIKE INSIDE RUSSIA: RBC-UKRAINE
1,604
NIRMAL BANG OFFICIAL

19 Nov, 08:34

1-2 DAYS Technical call Buy NRBBEARING above 287 with SL 280  Target 302(ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang). 
1,727
NIRMAL BANG OFFICIAL

19 Nov, 08:18

1-2 Days MCX FUT SL Triggered @ 6000. Visit our website for disclosure (Nirmal Bang). 
1,712
NIRMAL BANG OFFICIAL

19 Nov, 06:47

NESTLE : NESTLE GLOBAL CUTS 2025 PROFITABILITY TARGET, STEPS UP SPENDING IN TURNAROUND PUSH: WSJ
1,835
NIRMAL BANG OFFICIAL

19 Nov, 06:29

1-2 DAYS Technical Call Buy FILATEX above 65.7 with Stop Loss 63.5 Target 70(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang). 
1,822
NIRMAL BANG OFFICIAL

19 Nov, 06:07

BULK DEAL IN AXISBNK 37 LK SHARES @ 1130.1 IN NSE
CMP 1128
1,848
NIRMAL BANG OFFICIAL

19 Nov, 06:06

PM MODI, STARMER AGREED TO RELAUNCH UK-INDIA TRADE TALKS EARLY NEXT YEAR - DOWNING STREET
1,866
NIRMAL BANG OFFICIAL

18 Nov, 16:07

Option SELL CRUDE 5600 PE BT 130-140 SL ABV 190 TGT 30
358
NIRMAL BANG OFFICIAL

18 Nov, 15:30

option BUY GOLDM 75K CE bt 600-550 SL BELOW 250 TGT 1000-1120
546
NIRMAL BANG OFFICIAL

18 Nov, 14:42

Book 291-300 - ( OPTION BUY CRUDE CE 5650 BT 250-230 SL BELOW 170 TGT 300 - 300 )

Option SELL NATGASNOV 240PE BT 5.5-6 SL ABV 8.8 TGT 0

BUY NATGAS BT 244-243 SL BELOW 239 TGT 250-53
758
NIRMAL BANG OFFICIAL

18 Nov, 13:36

Option BUY COPPER CE800 bt7.16-6.5 SL BELOW 5 TGT 10-11.3
962
NIRMAL BANG OFFICIAL

18 Nov, 13:35

BUY COPPER BET 799-98 SL BELOW 793 TGT 807-810
959
NIRMAL BANG OFFICIAL

18 Nov, 13:30

Tgt - ( OPTION BUY SILVERM CE 89K BT 960-900 SL BELOW 600 TGT 1130-1200 )
1,052
NIRMAL BANG OFFICIAL

18 Nov, 13:28

Book 74825-850 - ( BUY GOLD BT 74600-550 SL BELOW 74300 TGT 74990-75100 )
997
NIRMAL BANG OFFICIAL

18 Nov, 09:00

NSEL Scam Case: Supreme Court gives final 4 weeks to 63 Moons Technologies to settle with investors
1,578
NIRMAL BANG OFFICIAL

18 Nov, 07:14

1-2 DAYS Technical call Buy NAZARA above 926.40 with SL 910 Target 955(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,879
NIRMAL BANG OFFICIAL

18 Nov, 07:08

1-2 DAYS  Technical Call book partial profit in LAURASLAB @ 493-495 Target 510 BUY call initiated 484.70(ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang). 
1,862
NIRMAL BANG OFFICIAL

18 Nov, 05:39

1-2 DAYS Call Technical call SELL MCX FUT 28 NOV BELOW 5888.40 with SL 6000 Target 5670(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang)
1,971
NIRMAL BANG OFFICIAL

18 Nov, 05:20

Intraday Derivatives Call NIFTY 21NOV 23500 CE SL triggered at 70 Visit our website for disclosure (Nirmal Bang)
1,966
NIRMAL BANG OFFICIAL

18 Nov, 05:12

Intraday Derivatives Call Revise Sl in NIFTY 21NOV 23500 CE to 70 Visit our website for disclosure (Nirmal Bang) 
1,864
NIRMAL BANG OFFICIAL

18 Nov, 04:36

Intraday Derivatives Call Buy NIFTY 21NOV 23500 CE above 115 with SL 80 Target 200 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,964
NIRMAL BANG OFFICIAL

18 Nov, 04:14

1-2 Days Derivatives Call NIFTY 28NOV Future SL triggered at 23450 Visit our website for disclosure (Nirmal Bang)
1,945
NIRMAL BANG OFFICIAL

18 Nov, 03:47

1-2 DAYS  Technical Call book partial profit in HIKAL @ 412-415 Target 424 BUY call initiated 398.20(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,950
NIRMAL BANG OFFICIAL

18 Nov, 03:43

TARGET ACHIEVED IN GOLD CARRIED BUY CALL
1,911
NIRMAL BANG OFFICIAL

18 Nov, 03:41

Brokerage Update -


Equirus on Swiggy Initiate Add with target of Rs 450


GS on Honasa Downgrade to Neutral from Buy; Cut target to Rs 375 from Rs 570


MS on Muthoot Finance Upgrade to Equal-weight from Underweight; Hike target to Rs 1600 from Rs 1430


Nomura on Hero Moto Maintain Buy; Hike target to Rs 5805 from Rs 5663


Citi on Grasim Maintain Buy; Cut target to Rs 3100 from Rs 3250


Equirus on Swiggy Initiate Add with target of Rs 450


GS on Honasa Downgrade to Neutral from Buy; Cut target to Rs 375 from Rs 570


Jefferies Downgrade MGL to U-P, target cut to Rs 1130


Jefferies Downgrade IGL To U-P, target cut to Rs 295 from Rs 390


JPM Downgrade MGL to Neutral from OW, target cut to Rs 1300


JPM Downgrade IGL TO UW, target cut to Rs 343


Jefferies on HAL Buy, target Rs 5500


CLSA on HAL O-P, target Rs 4731


CLSA on Fusion Fin U-P, target Cut to Rs 155 from Rs 260


Macquarie on Thermax U-p, target Rs 3700


Jefferies on Honasa Buy, target cut to Rs 425


JPM on Honasa UW, target cut to Rs 330


CLSA on DLF Upgrade to O-P, target raised to Rs 870


Equirus on Swiggy Initiate add with target price of Rs 450


CLSA on CG Consumer Maintain Outperform with target price of Rs 500


Citi on Grasim Maintain Buy; Cut target price to Rs 3100 from Rs 3250


Jefferies On Bharat Forge Maintain underperform; target Rs 1100


Jefferies On Hero MotoCorp maintain Buy target Rs 5500
1,813
NIRMAL BANG OFFICIAL

18 Nov, 03:41

BLOCK DEAL IN MEDPLUS OF 78.90 LK @ 700 IN NSE
1,462
NIRMAL BANG OFFICIAL

14 Nov, 13:33

BUY ALUMINIUM BET 235.9-235.6 SL BELOW 233 TGT 238.8-239.7
517
NIRMAL BANG OFFICIAL

14 Nov, 13:05

BUY COPPER BET 790-89 SL BELOW 784 TGT 798-801

Option BUY COPPER CE 790 bt 10.3-9.5 SL BELOW 7 TGT 13.6-14.7
675
NIRMAL BANG OFFICIAL

14 Nov, 12:28

Book 1260-1300 and buy again after the data-Optiom BUY GOLDMCE73K bt 1115-1070 SM BELOW 800 TGT 1450-1600
840
NIRMAL BANG OFFICIAL

14 Nov, 12:15

[14/11, 17:37] MR.-HO-S031 SUNIL JAIN: *Muthoot Finance Ltd. -S* | *CMP* Rs. 1800 | *M Cap* Rs. 72264 Cr | *52 W H/L* 2079/1262
(Nirmal Bang Retail Research)
*Result is above expectations*
NII came at Rs. 2567 Cr (34.9% YoY) vs YoY Rs. 1903.4 Cr, QoQ Rs. 2352.7 Cr
PBP came at Rs. 1915 Cr (42.7% YoY) vs expectation of Rs. 1855.8 Cr, YoY Rs. 1342.2 Cr, QoQ Rs. 1715.3 Cr
Provision came at Rs. 207 Cr vs expectation of Rs. 82.7 Cr, YoY Rs. 12 Cr, QoQ Rs. 223.6 Cr
PAT came at Rs. 1251.1 Cr (26.3% YoY) vs expectation of Rs. 1277.3 Cr, YoY Rs. 991 Cr, QoQ Rs. 1078.7 Cr
Gross NPA (%) came at 4.3% vs QoQ 3.98%
Net NPA (%) came at 3.68% vs QoQ 3.48%
Quarter EPS is Rs. 31.2
Stock is trading at P/E of 12.4x FY26E EPS & 2.8x trailing P/BV
[14/11, 17:39] MR.-HO-S031 SUNIL JAIN: *Garware Technical Fibres Ltd.* | *CMP* Rs. 3910 | *M Cap* Rs. 7763 Cr | *52 W H/L* 4478/3050
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 420.6 Cr (25.1% QoQ, 28.1% YoY) vs QoQ Rs. 336.3 Cr, YoY Rs. 328.3 Cr
EBIDTA came at Rs. 91.5 Cr (42% QoQ, 33.4% YoY) vs QoQ Rs. 64.4 Cr, YoY Rs. 68.6 Cr
EBITDA Margin came at 21.7% vs QoQ 19.2%, YoY 20.9%
Adj. PAT came at Rs. 66 Cr vs QoQ Rs. 46.8 Cr, YoY Rs. 52.5 Cr
Quarter EPS is Rs. 33.2
Stock is trading at P/E of 34.4x TTM EPS
[14/11, 17:40] MR.-HO-S031 SUNIL JAIN: *Sanghvi Movers Ltd.* | *CMP* Rs. 361 | *M Cap* Rs. 3125 Cr | *52 W H/L* 747/310
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 136.9 Cr (-9.1% QoQ, -2.2% YoY) vs QoQ Rs. 150.6 Cr, YoY Rs. 140 Cr
EBIDTA came at Rs. 68.7 Cr (-7.6% QoQ, -20.2% YoY) vs QoQ Rs. 74.3 Cr, YoY Rs. 86.1 Cr
EBITDA Margin came at 50.2% vs QoQ 49.4%, YoY 61.5%
Adj. PAT came at Rs. 29.4 Cr vs QoQ Rs. 40.6 Cr, YoY Rs. 37.2 Cr
Quarter EPS is Rs. 3.4
Stock is trading at P/E of 17.5x TTM EPS
[14/11, 17:41] MR.-HO-S031 SUNIL JAIN: *Honasa Consumer Ltd.* | *CMP* Rs. 370 | *M Cap* Rs. 12010 Cr | *52 W H/L* 547/256
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 461.8 Cr (-16.6% QoQ, -6.9% YoY) vs expectation of Rs. 509.7 Cr, QoQ Rs. 554.1 Cr, YoY Rs. 496.1 Cr
EBIDTA came at Rs. -30.7 Cr (-166.6% QoQ, -176.4% YoY) vs expectation of Rs. 3.3 Cr, QoQ Rs. 46.1 Cr, YoY Rs. 40.2 Cr
EBITDA Margin came at -6.6% vs expectation of 0.6%, QoQ 8.3%, YoY 8.1%
Adj. PAT came at Rs. -18.6 Cr vs expectation of Rs. 6.1 Cr, QoQ Rs. 40.3 Cr, YoY Rs. 29.4 Cr
Quarter EPS is Rs. -0.6
Stock is trading at P/E of 52.4x FY26E EPS
[14/11, 17:43] MR.-HO-S031 SUNIL JAIN: *Crompton Greaves Consumer Electricals Ltd.* | *CMP* Rs. 371 | *M Cap* Rs. 23892 Cr | *52 W H/L* 484/261
(Nirmal Bang Retail Research)
*Result is inline with expectation expectations*
Revenue from Operations came at Rs. 1896 Cr (-11.3% QoQ, 6.4% YoY) vs expectation of Rs. 1892.8 Cr, QoQ Rs. 2137.7 Cr, YoY Rs. 1782.3 Cr
EBIDTA came at Rs. 203.4 Cr (-12.5% QoQ, 16.6% YoY) vs expectation of Rs. 193.9 Cr, QoQ Rs. 232.4 Cr, YoY Rs. 174.5 Cr
EBITDA Margin came at 10.7% vs expectation of 10.2%, QoQ 10.9%, YoY 9.8%
Adj. PAT came at Rs. 124.9 Cr vs expectation of Rs. 123.9 Cr, QoQ Rs. 151.7 Cr, YoY Rs. 97.2 Cr
Quarter EPS is Rs. 1.9
Stock is trading at P/E of 32x FY26E EPS
[14/11, 17:44] MR.-HO-S031 SUNIL JAIN: *GPT Healthcare Ltd.* | *CMP* Rs. 163 | *M Cap* Rs. 1340 Cr | *52 W H/L* 220/129
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 105.7 Cr (8% QoQ, -2.1% YoY) vs QoQ Rs. 97.8 Cr, YoY Rs. 108 Cr
EBIDTA came at Rs. 23.4 Cr (30.3% QoQ, -4.8% YoY) vs QoQ Rs. 18 Cr, YoY Rs. 24.6 Cr
EBITDA Margin came at 22.2% vs QoQ 18.4%, YoY 22.8%
Adj. PAT came at Rs. 14.8 Cr vs QoQ Rs. 10 Cr, YoY Rs. 13.5 Cr
Quarter EPS is Rs. 1.8
Stock is trading at P/E of 27.3x TTM EPS
888
NIRMAL BANG OFFICIAL

14 Nov, 09:28

*JG Chemicals Ltd.* | *CMP* Rs. 390 | *M Cap* Rs. 1528 Cr | *52 W H/L* 464/171
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 212.1 Cr (4.7% QoQ, 38.9% YoY) vs QoQ Rs. 202.5 Cr, YoY Rs. 152.7 Cr
EBIDTA came at Rs. 21.1 Cr (-5.8% QoQ, 166.8% YoY) vs QoQ Rs. 22.4 Cr, YoY Rs. 7.9 Cr
EBITDA Margin came at 10% vs QoQ 11.1%, YoY 5.2%
Adj. PAT came at Rs. 16.5 Cr vs QoQ Rs. 15.2 Cr, YoY Rs. 3.8 Cr
Quarter EPS is Rs. 4.2
Stock is trading at P/E of 34.1x TTM EPS
1,277
NIRMAL BANG OFFICIAL

14 Nov, 09:28

*JG Chemicals Ltd.* | *CMP* Rs. 390 | *M Cap* Rs. 1528 Cr | *52 W H/L* 464/171
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 212.1 Cr (4.7% QoQ, 38.9% YoY) vs QoQ Rs. 202.5 Cr, YoY Rs. 152.7 Cr
EBIDTA came at Rs. 21.1 Cr (-5.8% QoQ, 166.8% YoY) vs QoQ Rs. 22.4 Cr, YoY Rs. 7.9 Cr
EBITDA Margin came at 10% vs QoQ 11.1%, YoY 5.2%
Adj. PAT came at Rs. 16.5 Cr vs QoQ Rs. 15.2 Cr, YoY Rs. 3.8 Cr
Quarter EPS is Rs. 4.2
Stock is trading at P/E of 34.1x TTM EPS
1,250
NIRMAL BANG OFFICIAL

14 Nov, 09:10

*Prakash Industries Ltd.* | *CMP* Rs. 170 | *M Cap* Rs. 3047 Cr | *52 W H/L* 237/128
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 1076.9 Cr (-7.7% QoQ, 21.1% YoY) vs QoQ Rs. 1166.9 Cr, YoY Rs. 889 Cr
EBIDTA came at Rs. 131.4 Cr (-0.4% QoQ, 2.4% YoY) vs QoQ Rs. 131.9 Cr, YoY Rs. 128.3 Cr
EBITDA Margin came at 12.2% vs QoQ 11.3%, YoY 14.4%
Adj. PAT came at Rs. 90.4 Cr vs QoQ Rs. 90.5 Cr, YoY Rs. 89.4 Cr
Quarter EPS is Rs. 5
Stock is trading at P/E of 8.7x TTM EPS
1,198
NIRMAL BANG OFFICIAL

14 Nov, 08:53

*Tega Industries Ltd.* | *CMP* Rs. 2007 | *M Cap* Rs. 13350 Cr | *52 W H/L* 2035/842
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 353.3 Cr (3.9% QoQ, -6.4% YoY) vs expectation of Rs. 412.9 Cr, QoQ Rs. 340 Cr, YoY Rs. 377.5 Cr
EBIDTA came at Rs. 34.4 Cr (-46.5% QoQ, -58% YoY) vs expectation of Rs. 84 Cr, QoQ Rs. 64.2 Cr, YoY Rs. 81.7 Cr
EBITDA Margin came at 9.7% vs expectation of 20.3%, QoQ 18.9%, YoY 21.6%
Adj. PAT came at Rs. 7.2 Cr vs expectation of Rs. 51.6 Cr, QoQ Rs. 36.7 Cr, YoY Rs. 47.4 Cr
Quarter EPS is Rs. 1.1
Stock is trading at P/E of 38.9x FY26E EPS
1,171
NIRMAL BANG OFFICIAL

14 Nov, 08:47

*Bharat Dynamics Ltd.* | *CMP* Rs. 970 | *M Cap* Rs. 35557 Cr | *52 W H/L* 1795/450
(Nirmal Bang Retail Research)
*Result is inline with expectations*
Revenue from Operations came at Rs. 544.8 Cr (185% QoQ, -11.5% YoY) vs expectation of Rs. 583.6 Cr, QoQ Rs. 191.2 Cr, YoY Rs. 615.8 Cr
EBIDTA came at Rs. 98.8 Cr (-288.9% QoQ, -26.3% YoY) vs expectation of Rs. 90.3 Cr, QoQ Rs. -52.3 Cr, YoY Rs. 134 Cr
EBITDA Margin came at 18.1% vs expectation of 15.5%, QoQ -27.4%, YoY 21.8%
Adj. PAT came at Rs. 122.5 Cr vs expectation of Rs. 111.4 Cr, QoQ Rs. 7.2 Cr, YoY Rs. 147.1 Cr
Quarter EPS is Rs. 3.3
Stock is trading at P/E of 64.2x TTM EPS

*Som Distilleries Breweries & Wineries Ltd.* | *CMP* Rs. 103 | *M Cap* Rs. 1997 Cr | *52 W H/L* 149/85
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 289.7 Cr (-43.5% QoQ, 17% YoY) vs QoQ Rs. 513.1 Cr, YoY Rs. 247.7 Cr
EBIDTA came at Rs. 34 Cr (-47.1% QoQ, 24.8% YoY) vs QoQ Rs. 64.2 Cr, YoY Rs. 27.2 Cr
EBITDA Margin came at 11.7% vs QoQ 12.5%, YoY 11%
Adj. PAT came at Rs. 18.7 Cr vs QoQ Rs. 40.6 Cr, YoY Rs. 14.9 Cr
Quarter EPS is Rs. 1
Stock is trading at P/E of 20.5x TTM EPS

*Jyoti CNC Automation Ltd.* | *CMP* Rs. 1101 | *M Cap* Rs. 25037 Cr | *52 W H/L* 1450/368
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 430.7 Cr (19% QoQ, 42.5% YoY) vs QoQ Rs. 361.8 Cr, YoY Rs. 302.3 Cr
EBIDTA came at Rs. 106.6 Cr (13.3% QoQ, 95.5% YoY) vs QoQ Rs. 94.1 Cr, YoY Rs. 54.5 Cr
EBITDA Margin came at 24.7% vs QoQ 26%, YoY 18%
Adj. PAT came at Rs. 75.9 Cr vs QoQ Rs. 60 Cr, YoY Rs. 16.8 Cr
Quarter EPS is Rs. 3.3
Stock is trading at P/E of 88.3x TTM EPS
1,151
NIRMAL BANG OFFICIAL

14 Nov, 08:36

*Garware Hi-Tech Films Ltd.* | *CMP* Rs. 4157 | *M Cap* Rs. 9658 Cr | *52 W H/L* 4218/1270
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 588.8 Cr (24.1% QoQ, 48.3% YoY) vs QoQ Rs. 474.5 Cr, YoY Rs. 397.1 Cr
EBIDTA came at Rs. 124.7 Cr (5.1% QoQ, 92.2% YoY) vs QoQ Rs. 118.6 Cr, YoY Rs. 64.9 Cr
EBITDA Margin came at 21.2% vs QoQ 25%, YoY 16.3%
Adj. PAT came at Rs. 95.7 Cr vs QoQ Rs. 88.4 Cr, YoY Rs. 45.9 Cr
Quarter EPS is Rs. 41.2
Stock is trading at P/E of 32.4x TTM EPS
1,023
NIRMAL BANG OFFICIAL

14 Nov, 08:35

Intraday Derivatives Call Buy SENSEX 14NOV 77700 CE above 18 with SL 0.1 Target 70 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
992
NIRMAL BANG OFFICIAL

14 Nov, 08:28

Intraday Derivatives Call Buy SENSEX 14NOV 77600 CE above 24 with SL 0.1 Target 80 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,096
NIRMAL BANG OFFICIAL

14 Nov, 08:24

Intraday Derivatives Call Buy SENSEX 14NOV 77600 CE above 24 with SL 0.1 Target 80 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,137
NIRMAL BANG OFFICIAL

14 Nov, 08:05

*Ipca Laboratories Ltd.* | *CMP* Rs. 1540 | *M Cap* Rs. 39053 Cr | *52 W H/L* 1709/1042
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 2354.9 Cr (12.5% QoQ, 15.8% YoY) vs expectation of Rs. 2326.3 Cr, QoQ Rs. 2092.6 Cr, YoY Rs. 2034 Cr
EBIDTA came at Rs. 441.5 Cr (12.4% QoQ, 37.4% YoY) vs expectation of Rs. 464.4 Cr, QoQ Rs. 392.7 Cr, YoY Rs. 321.3 Cr
EBITDA Margin came at 18.7% vs expectation of 20%, QoQ 18.8%, YoY 15.8%
Adj. PAT came at Rs. 229.5 Cr vs expectation of Rs. 253.4 Cr, QoQ Rs. 192.2 Cr, YoY Rs. 145.1 Cr
Quarter EPS is Rs. 9
Stock is trading at P/E of 33.1x FY26E EPS
1,282
NIRMAL BANG OFFICIAL

14 Nov, 07:58

*Hindustan Aeronautics Ltd.* | *CMP* Rs. 4089 | *M Cap* Rs. 273439 Cr | *52 W H/L* 5675/1768
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 5976.6 Cr (37.5% QoQ, 6% YoY) vs expectation of Rs. 6147.2 Cr, QoQ Rs. 4347.6 Cr, YoY Rs. 5635.8 Cr
EBIDTA came at Rs. 1630.1 Cr (64% QoQ, 6.6% YoY) vs expectation of Rs. 1734.5 Cr, QoQ Rs. 993.7 Cr, YoY Rs. 1528.8 Cr
EBITDA Margin came at 27.3% vs expectation of 28.2%, QoQ 22.9%, YoY 27.1%
Adj. PAT came at Rs. 1484.5 Cr vs expectation of Rs. 1354.7 Cr, QoQ Rs. 1435.6 Cr, YoY Rs. 1235.3 Cr
Quarter EPS is Rs. 22.2
Stock is trading at P/E of 30x FY26E EPS
1,137
NIRMAL BANG OFFICIAL

14 Nov, 07:57

[14/11, 13:22] JB-EMP- NB08582 HARSHAL MEHTA: BUY CRUDE OIL 5800 CE AT 44 SL BELOW 10 TARGET 85-100
[14/11, 13:26] JB-EMP- NB08582 HARSHAL MEHTA: CRUDE OIL 15 NOV EXPIRY CALL
SELL 5750 CE AT 68.50
SELL 5750 PE AT 57.50
BUY 5600 PE AT 15.50
BUY 5900 CE AT 17
PROFIT ABOVE 5625 AND BELOW 5875
1,190
NIRMAL BANG OFFICIAL

14 Nov, 07:37

1-2 DAYS Technical call Buy HIKAL above 398.20 with SL 385 Target 424(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,101
NIRMAL BANG OFFICIAL

14 Nov, 07:35

*Lincoln Pharmaceuticals Ltd.* | *CMP* Rs. 632 | *M Cap* Rs. 1264 Cr | *52 W H/L* 814/471
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 161.2 Cr (9.5% QoQ, 3.3% YoY) vs QoQ Rs. 147.3 Cr, YoY Rs. 156 Cr
EBIDTA came at Rs. 28.4 Cr (24.8% QoQ, -8.9% YoY) vs QoQ Rs. 22.7 Cr, YoY Rs. 31.1 Cr
EBITDA Margin came at 17.6% vs QoQ 15.4%, YoY 20%
Adj. PAT came at Rs. 26.3 Cr vs QoQ Rs. 23.7 Cr, YoY Rs. 27.7 Cr
Quarter EPS is Rs. 13.2
Stock is trading at P/E of 13.1x TTM EPS

*Bharat Forge Ltd.* | *CMP* Rs. 1321 | *M Cap* Rs. 61504 Cr | *52 W H/L* 1826/1002
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 2246.7 Cr (-3.9% QoQ, -0.1% YoY) vs expectation of Rs. 2388.7 Cr, QoQ Rs. 2338.1 Cr, YoY Rs. 2249.4 Cr
EBIDTA came at Rs. 625.4 Cr (-4% QoQ, 1.5% YoY) vs expectation of Rs. 657.2 Cr, QoQ Rs. 651.5 Cr, YoY Rs. 616.3 Cr
EBITDA Margin came at 27.8% vs expectation of 27.5%, QoQ 27.9%, YoY 27.4%
Adj. PAT came at Rs. 347.6 Cr vs expectation of Rs. 381.4 Cr, QoQ Rs. 415.1 Cr, YoY Rs. 348.1 Cr
Quarter EPS is Rs. 7.5
Stock is trading at P/E of 30.7x FY26E EPS

*Signpost India Ltd.* | *CMP* Rs. 250 | *M Cap* Rs. 1337 Cr | *52 W H/L* 466/212
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 129.7 Cr (29.1% QoQ, 52.3% YoY) vs QoQ Rs. 100.5 Cr, YoY Rs. 85.2 Cr
EBIDTA came at Rs. 34.1 Cr (42% QoQ, 174.5% YoY) vs QoQ Rs. 24 Cr, YoY Rs. 12.4 Cr
EBITDA Margin came at 26.3% vs QoQ 23.9%, YoY 14.6%
Adj. PAT came at Rs. 15.9 Cr vs QoQ Rs. 11.2 Cr, YoY Rs. 6.4 Cr
Quarter EPS is Rs. 3
Stock is trading at P/E of 24.6x TTM EPS

*Schneider Electric Infrastructure Ltd.* | *CMP* Rs. 728 | *M Cap* Rs. 17416 Cr | *52 W H/L* 980/300
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 599.7 Cr (1.1% QoQ, 21% YoY) vs QoQ Rs. 592.9 Cr, YoY Rs. 495.8 Cr
EBIDTA came at Rs. 74.2 Cr (-9.2% QoQ, 18.5% YoY) vs QoQ Rs. 81.7 Cr, YoY Rs. 62.6 Cr
EBITDA Margin came at 12.4% vs QoQ 13.8%, YoY 12.6%
Adj. PAT came at Rs. 54.3 Cr vs QoQ Rs. 48.5 Cr, YoY Rs. 46.3 Cr
Quarter EPS is Rs. 2.3
Stock is trading at P/E of 88.1x TTM EPS
1,187
NIRMAL BANG OFFICIAL

14 Nov, 06:57

*JNK India Ltd.* | *CMP* Rs. 604 | *M Cap* Rs. 3360 Cr | *52 W H/L* 897/550
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 102.7 Cr (16.7% QoQ, 5.9% YoY) vs QoQ Rs. 88 Cr, YoY Rs. 96.9 Cr
EBIDTA came at Rs. 11.6 Cr (23.7% QoQ, -45.9% YoY) vs QoQ Rs. 9.4 Cr, YoY Rs. 21.5 Cr
EBITDA Margin came at 11.3% vs QoQ 10.7%, YoY 22.1%
Adj. PAT came at Rs. 7.5 Cr vs QoQ Rs. 6.4 Cr, YoY Rs. 12.5 Cr
Quarter EPS is Rs. 1.3
Stock is trading at P/E of 75x TTM EPS
1,204
NIRMAL BANG OFFICIAL

14 Nov, 06:48

*Kirloskar Industries Ltd.* | *CMP* Rs. 4680 | *M Cap* Rs. 4660 Cr | *52 W H/L* 6699/2858
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 1687.7 Cr (8.3% QoQ, 7% YoY) vs QoQ Rs. 1559 Cr, YoY Rs. 1578 Cr
EBIDTA came at Rs. 211.7 Cr (18.5% QoQ, -19.6% YoY) vs QoQ Rs. 178.7 Cr, YoY Rs. 263.2 Cr
EBITDA Margin came at 12.5% vs QoQ 11.5%, YoY 16.7%
Adj. PAT came at Rs. 49.7 Cr vs QoQ Rs. 28.5 Cr, YoY Rs. 82.2 Cr
Quarter EPS is Rs. 49.9
Stock is trading at P/E of 22.2x TTM EPS
1,282
NIRMAL BANG OFFICIAL

08 Nov, 09:25

BULK DEAL IN RELIANCE 32 LAKH SHARES @ 1280 IN NSE
CMP 1284 -1.5%
621
NIRMAL BANG OFFICIAL

08 Nov, 09:24

BEL: CO WINS ORDER WORTH RUPEES 500 CR
615
NIRMAL BANG OFFICIAL

08 Nov, 09:18

*Star Cement Ltd.* | *CMP* Rs. 201 | *M Cap* Rs. 8133 Cr | *52 W H/L* 256/147
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 641.5 Cr (-14.6% QoQ, 9.6% YoY) vs expectation of Rs. 631.3 Cr, QoQ Rs. 751 Cr, YoY Rs. 585.3 Cr
EBIDTA came at Rs. 95.6 Cr (-17.7% QoQ, -3% YoY) vs expectation of Rs. 86.8 Cr, QoQ Rs. 116.1 Cr, YoY Rs. 98.6 Cr
EBITDA Margin came at 14.9% vs expectation of 13.7%, QoQ 15.5%, YoY 16.8%
Adj. PAT came at Rs. 5.7 Cr vs expectation of Rs. 19.2 Cr, QoQ Rs. 31 Cr, YoY Rs. 40.7 Cr
Quarter EPS is Rs. 0.1
Stock is trading at ev/ebitda of 9.72x FY26E
719
NIRMAL BANG OFFICIAL

08 Nov, 09:07

*Ethos Ltd.* | *CMP* Rs. 2885 | *M Cap* Rs. 7063 Cr | *52 W H/L* 3525/1768
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 297.1 Cr (8.7% QoQ, 26.3% YoY) vs QoQ Rs. 273.2 Cr, YoY Rs. 235.2 Cr
EBIDTA came at Rs. 42.2 Cr (-2.6% QoQ, 13.1% YoY) vs QoQ Rs. 43.3 Cr, YoY Rs. 37.3 Cr
EBITDA Margin came at 14.2% vs QoQ 15.8%, YoY 15.8%
Adj. PAT came at Rs. 21.2 Cr vs QoQ Rs. 22.8 Cr, YoY Rs. 18.6 Cr
Quarter EPS is Rs. 8.7
Stock is trading at P/E of 49.5x FY26E EPS
780
NIRMAL BANG OFFICIAL

08 Nov, 09:07

*Bharat Bijlee Ltd.* | *CMP* Rs. 4016 | *M Cap* Rs. 4539 Cr | *52 W H/L* 5701/1713
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 394.1 Cr (5.2% QoQ, -6.1% YoY) vs QoQ Rs. 374.8 Cr, YoY Rs. 419.8 Cr
EBIDTA came at Rs. 21.7 Cr (-26.2% QoQ, -43.6% YoY) vs QoQ Rs. 29.5 Cr, YoY Rs. 38.5 Cr
EBITDA Margin came at 5.5% vs QoQ 7.9%, YoY 9.2%
Adj. PAT came at Rs. 18.8 Cr vs QoQ Rs. 23.9 Cr, YoY Rs. 27.9 Cr
Quarter EPS is Rs. 16.6
Stock is trading at P/E of 37.5x TTM EPS
730
NIRMAL BANG OFFICIAL

08 Nov, 09:06

*Vedanta Ltd.* | *CMP* Rs. 457 | *M Cap* Rs. 178705 Cr | *52 W H/L* 524/211
(Nirmal Bang Retail Research)
*Result inline with expectation*
Revenue from Operations came at Rs. 37634 Cr (5.2% QoQ, -3.4% YoY) vs expectation of Rs. 34812.1 Cr, QoQ Rs. 35764 Cr, YoY Rs. 38945 Cr
EBIDTA came at Rs. 9828 Cr (-1.2% QoQ, -14.4% YoY) vs expectation of Rs. 9312.7 Cr, QoQ Rs. 9945 Cr, YoY Rs. 11479 Cr
EBITDA Margin came at 26.1% vs expectation of 26.8%, QoQ 27.8%, YoY 29.5%
Adj. PAT came at Rs. 2484 Cr vs expectation of Rs. 2355.3 Cr, QoQ Rs. 3606 Cr, YoY Rs. -3006 Cr
Quarter EPS is Rs. 6.4
Stock is trading at 4.8x FY26 EV/EBITDA
638
NIRMAL BANG OFFICIAL

08 Nov, 08:48

*SAFARI INDUSTRIES (INDIA) LTD.* | *CMP* Rs. 2250 | *M Cap* Rs. 10996 Cr | *52 W H/L* 2700/1649
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 457.8 Cr (1.7% QoQ, 23.7% YoY) vs QoQ Rs. 450 Cr, YoY Rs. 370 Cr
EBIDTA came at Rs. 48.1 Cr (-27% QoQ, -24.2% YoY) vs QoQ Rs. 65.9 Cr, YoY Rs. 63.5 Cr
EBITDA Margin came at 10.5% vs QoQ 14.6%, YoY 17.2%
Adj. PAT came at Rs. 29.7 Cr vs QoQ Rs. 44.4 Cr, YoY Rs. 39.8 Cr
Quarter EPS is Rs. 6.1
Stock is trading at P/E of 68.7x TTM EPS

*State Bank of India Ltd.* | *CMP* Rs. 850 | *M Cap* Rs. 719011 Cr | *52 W H/L* 912/543
(Nirmal Bang Retail Research)
*Result has improved*
Higher PAT is in account of higher Other Income excluding that except NIM other parameters has shown improvement

Advances came at Rs. 3857423 Cr (15% YoY, 2.9% QoQ)
Net Interest Income came at Rs. 41620 Cr (+5% YoY) vs expectation of Rs. 41635 Cr, YoY Rs. 39500 Cr, QoQ Rs. 41125 Cr
NIM came at 3.14% vs QoQ 3.22%
Non-Interest Income came at Rs. 15271 Cr vs expectation of Rs. 11474 Cr, YoY Rs. 10791 Cr, QoQ Rs. 11162 Cr
PBP came at Rs. 29294 Cr (+28% YoY ) vs expectation of Rs. 24400 Cr, YoY Rs. 22834 Cr, QoQ Rs. 26449 Cr
Provisions came at Rs. 4506 Cr vs expectation of Rs. 4086 Cr, YoY Rs. 115 Cr, QoQ Rs. 3449 Cr
Credit Cost came at 0.5% vs QoQ 0.4%
Adj. PAT came at Rs. 18331 Cr (+3.3% YoY, +8% QoQ) vs expectation of Rs. 15829 Cr, YoY Rs. 17747 Cr, QoQ Rs. 17035 Cr
Gross NPA came at Rs. 83369 Cr vs QoQ Rs. 84226 Cr at 2.13% vs QoQ 2.21%
Net NPA came at Rs. 20294 Cr vs QoQ Rs. 21555 Cr at 0.53% vs QoQ 0.57%
Net Slippages came at Rs. 4951 Cr vs QoQ Rs. 8707 Cr at 0.51% vs QoQ 0.93%
O/s Restructured book came at Rs. 14830 Cr vs QoQ Rs. 16015 Cr at 0.38% vs QoQ 0.43%
Quarter EPS is Rs. 21
Stock is trading at P/E of 10.2x FY26E EPS & 1.5x trailing P/Adj. BV
772
NIRMAL BANG OFFICIAL

08 Nov, 08:32

*Inox India Ltd.* | *CMP* Rs. 1183 | *M Cap* Rs. 10734 Cr | *52 W H/L* 1507/802
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 306.6 Cr (3.4% QoQ, 19% YoY) vs QoQ Rs. 296.4 Cr, YoY Rs. 257.7 Cr
EBIDTA came at Rs. 63.9 Cr (-9% QoQ, 8.6% YoY) vs QoQ Rs. 70.2 Cr, YoY Rs. 58.8 Cr
EBITDA Margin came at 20.8% vs QoQ 23.7%, YoY 22.8%
Adj. PAT came at Rs. 49.5 Cr vs QoQ Rs. 52.6 Cr, YoY Rs. 46.2 Cr
Quarter EPS is Rs. 5.5
Stock is trading at P/E of 37.5x FY26E EPS
791
NIRMAL BANG OFFICIAL

08 Nov, 08:07

*Info Edge (India) Ltd.* | *CMP* Rs. 7773 | *M Cap* Rs. 100726 Cr | *52 W H/L* 8472/3972
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 656.1 Cr (2.7% QoQ, 10.6% YoY) vs expectation of Rs. 662.6 Cr, QoQ Rs. 638.9 Cr, YoY Rs. 593 Cr
EBIDTA came at Rs. 274.4 Cr (10% QoQ, 13.8% YoY) vs expectation of Rs. 269.2 Cr, QoQ Rs. 249.5 Cr, YoY Rs. 241.1 Cr
EBITDA Margin came at 41.8% vs expectation of 40.6%, QoQ 39%, YoY 40.7%
Adj. PAT came at Rs. -22.2 Cr vs expectation of Rs. 243.4 Cr, QoQ Rs. 232.3 Cr, YoY Rs. 213.7 Cr
PAT is negative on account of Higher Tax
Quarter EPS is Rs. -1.7
Stock is trading at P/E of 80.5x FY26E EPS

*AMBIKA COTTON MILLS LTD.* | *CMP* Rs. 1558 | *M Cap* Rs. 892 Cr | *52 W H/L* 2198/1386
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 200.4 Cr (-4.2% QoQ, 0.5% YoY) vs QoQ Rs. 209.1 Cr, YoY Rs. 199.4 Cr
EBIDTA came at Rs. 23.4 Cr (-30.9% QoQ, -11.5% YoY) vs QoQ Rs. 33.9 Cr, YoY Rs. 26.5 Cr
EBITDA Margin came at 11.7% vs QoQ 16.2%, YoY 13.3%
Adj. PAT came at Rs. 14.1 Cr vs QoQ Rs. 21.5 Cr, YoY Rs. 13.1 Cr
Quarter EPS is Rs. 24.6
Stock is trading at P/E of 13.8x TTM EPS
937
NIRMAL BANG OFFICIAL

08 Nov, 08:07

1-2 DAYS Technical call Buy LAURASLAB above 504.20 with SL 494  Target 524 (ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang). 
860
NIRMAL BANG OFFICIAL

08 Nov, 08:05

1-2 DAYS Technical call Buy LAURASLAB above 504.20 with SL 494  Target 524 (ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang). 
881
NIRMAL BANG OFFICIAL

08 Nov, 08:04

CHINA'S TOP LAWMAKERS APPROVE LOCAL GOVT DEBT SWAP PLAN
876
NIRMAL BANG OFFICIAL

08 Nov, 08:02

*Vimta Labs Ltd.* | *CMP* Rs. 665 | *M Cap* Rs. 1474 Cr | *52 W H/L* 700/390
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 84.7 Cr (13.2% QoQ, 29.3% YoY) vs QoQ Rs. 74.9 Cr, YoY Rs. 65.5 Cr
EBIDTA came at Rs. 29.9 Cr (15.3% QoQ, 71.8% YoY) vs QoQ Rs. 25.9 Cr, YoY Rs. 17.4 Cr
EBITDA Margin came at 35.3% vs QoQ 34.6%, YoY 26.6%
Adj. PAT came at Rs. 15.2 Cr vs QoQ Rs. 12.3 Cr, YoY Rs. 6.3 Cr
Quarter EPS is Rs. 6.9
Stock is trading at P/E of 29.5x TTM EPS
896
NIRMAL BANG OFFICIAL

08 Nov, 08:01

*Ashok Leyland Ltd.* | *CMP* Rs. 218 | *M Cap* Rs. 63941 Cr | *52 W H/L* 265/158
(Nirmal Bang Retail Research)
No. of Vehicles Sold 45624 vs QoQ 43893,YoY 49846
*Result is above expectations*
Revenue from Operations came at Rs. 8768.8 Cr (2% QoQ, -9% YoY) vs expectation of Rs. 9032.2 Cr, QoQ Rs. 8598.5 Cr, YoY Rs. 9638 Cr
EBIDTA came at Rs. 1074.2 Cr (17.9% QoQ, -0.5% YoY) vs expectation of Rs. 998.4 Cr, QoQ Rs. 910.9 Cr, YoY Rs. 1079.8 Cr
EBITDA Margin came at 12.3% vs expectation of 11.1%, QoQ 10.6%, YoY 11.2%
Adj. PAT came at Rs. 652.7 Cr vs expectation of Rs. 585.9 Cr, QoQ Rs. 525.6 Cr, YoY Rs. 583.9 Cr
Quarter EPS is Rs. 2.2
Stock is trading at P/E of 18x FY26E EPS
860
NIRMAL BANG OFFICIAL

08 Nov, 07:58

*Latent View Analytics Ltd.* | *CMP* Rs. 475 | *M Cap* Rs. 9785 Cr | *52 W H/L* 575/395
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 209 Cr (16.8% QoQ, 34.2% YoY) vs QoQ Rs. 178.9 Cr, YoY Rs. 155.7 Cr
EBIDTA came at Rs. 45.3 Cr (18.3% QoQ, 47% YoY) vs QoQ Rs. 38.3 Cr, YoY Rs. 30.8 Cr
EBITDA Margin came at 21.7% vs QoQ 21.4%, YoY 19.8%
Adj. PAT came at Rs. 39.9 Cr vs QoQ Rs. 38.9 Cr, YoY Rs. 34 Cr
Quarter EPS is Rs. 1.9
Stock is trading at P/E of 57.4x TTM EPS
907
NIRMAL BANG OFFICIAL

08 Nov, 07:57

*Mrs. Bectors Food Specialities Ltd.* | *CMP* Rs. 1811 | *M Cap* Rs. 11119 Cr | *52 W H/L* 2200/963
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 496.3 Cr (12.9% QoQ, 19.7% YoY) vs expectation of Rs. 481.4 Cr, QoQ Rs. 439.4 Cr, YoY Rs. 414.5 Cr
EBIDTA came at Rs. 70.5 Cr (10.1% QoQ, 9% YoY) vs expectation of Rs. 72.9 Cr, QoQ Rs. 64 Cr, YoY Rs. 64.7 Cr
EBITDA Margin came at 14.2% vs expectation of 15.1%, QoQ 14.6%, YoY 15.6%
Adj. PAT came at Rs. 38.9 Cr vs expectation of Rs. 41.1 Cr, QoQ Rs. 35.4 Cr, YoY Rs. 37.3 Cr
Quarter EPS is Rs. 6.3
Stock is trading at P/E of 53.6x FY26E EPS
882
NIRMAL BANG OFFICIAL

08 Nov, 07:10

CHINA NPC BUDGET COMMITTEEE,FIN MIN TO HOLD BRIEFING AT 1.30 PM IST
1,147
NIRMAL BANG OFFICIAL

08 Nov, 07:03

*MRF Ltd.* | *CMP* Rs. 119258 | *M Cap* Rs. 50579 Cr | *52 W H/L* 151445/107008
(Nirmal Bang Retail Research)
*Result inline with expectation*
Revenue from Operations came at Rs. 6760.4 Cr (-4.5% QoQ, 11.1% YoY) vs expectation of Rs. 6858 Cr, QoQ Rs. 7077.8 Cr, YoY Rs. 6087.6 Cr
EBIDTA came at Rs. 973.4 Cr (-14.5% QoQ, -13.8% YoY) vs expectation of Rs. 931.7 Cr, QoQ Rs. 1137.8 Cr, YoY Rs. 1128.7 Cr
EBITDA Margin came at 14.4% vs expectation of 13.6%, QoQ 16.1%, YoY 18.5%
Adj. PAT came at Rs. 455.4 Cr vs expectation of Rs. 423.5 Cr, QoQ Rs. 562.6 Cr, YoY Rs. 571.9 Cr
Quarter EPS is Rs. 1073.8
Stock is trading at P/E of 22.1x FY26E EPS
1,189
NIRMAL BANG OFFICIAL

08 Nov, 06:38

SAMHI Hotels Limited, has, on 07 November 2024, completed the execution of a Lease Deed with respect to a ready building with ~270,000 sq. ft. of Built-up Area in Hitec City, Hyderabad. The transaction is being done on a long-term variable lease
model.
The Company proposes to complete the fit-outs to convert the existing office building into an Upper Upscale hotel with 170-175 rooms in Hitec City, Hyderabad,
Positive

*The India Cements Ltd.* | *CMP* Rs. 354 | *M Cap* Rs. 10970 Cr | *52 W H/L* 386/173
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 1031.8 Cr (0.5% QoQ, -18.4% YoY) vs QoQ Rs. 1026.8 Cr, YoY Rs. 1264.4 Cr
EBIDTA came at Rs. -162.7 Cr (559.6% QoQ, -3790% YoY) vs QoQ Rs. -24.7 Cr, YoY Rs. 4.4 Cr
EBITDA Margin came at -15.8% vs QoQ -2.4%, YoY 0.3%
Adj. PAT came at Rs. -115.9 Cr vs QoQ Rs. -182.2 Cr, YoY Rs. -80.1 Cr
Quarter EPS is Rs. -3.7
Stock is trading at P/E of -27.4x TTM EPS
1,359
NIRMAL BANG OFFICIAL

08 Nov, 05:30

RAILTEL WINS ORDER OF RS 170 CRORE
1,408
NIRMAL BANG OFFICIAL

29 Oct, 13:54

SL HIT - ( BUY CRUDEOIL 5753-5743 SL BELOW 5690 TG 5840-5860 )

BOOK PROFIT 98544-98580 _- ( BUY SILVER M NOV AT 97625-97575 SL BELOW 96500 TARGET 99000-99500 )
777
NIRMAL BANG OFFICIAL

29 Oct, 13:08

BUY COPPER BET 843.5-842.5 SL BELOW 837 TGT 851-53.4
924
NIRMAL BANG OFFICIAL

29 Oct, 13:00

BUY NG 240.40-239.40 SL BELOW 235 Tg 246-248
950
NIRMAL BANG OFFICIAL

29 Oct, 09:49

*Engineers India Ltd.* | *CMP* Rs. 179 | *M Cap* Rs. 10061 Cr | *52 W H/L* 304/116
(Nirmal Bang Retail Research)
*Result below Expectation*
Revenue from Operations came at Rs. 676.4 Cr (10.8% QoQ, -13% YoY) vs expectation of Rs. 795.9 Cr, QoQ Rs. 610.6 Cr, YoY Rs. 777.2 Cr
EBIDTA came at Rs. 57.2 Cr (23.2% QoQ, -39.9% YoY) vs expectation of Rs. 88.1 Cr, QoQ Rs. 46.4 Cr, YoY Rs. 95.2 Cr
EBITDA Margin came at 8.5% vs expectation of 11.1%, QoQ 7.6%, YoY 12.2%
Adj. PAT came at Rs. 79.1 Cr vs expectation of Rs. 92.5 Cr, QoQ Rs. 54.8 Cr, YoY Rs. 102.2 Cr
Quarter EPS is Rs. 1.4
Stock is trading at P/E of 18.7x FY26E EPS
1,335
NIRMAL BANG OFFICIAL

29 Oct, 09:43

*Deepak Fertilisers And Petrochemicals Corporation Ltd.* | *CMP* Rs. 1193 | *M Cap* Rs. 15065 Cr | *52 W H/L* 1200/450
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 2746.7 Cr (20.4% QoQ, 13.3% YoY) vs expectation of Rs. 2450.6 Cr, QoQ Rs. 2281.3 Cr, YoY Rs. 2424.2 Cr
EBIDTA came at Rs. 494.2 Cr (6.4% QoQ, 72.8% YoY) vs expectation of Rs. 402.9 Cr, QoQ Rs. 464.4 Cr, YoY Rs. 286.1 Cr
EBITDA Margin came at 18% vs expectation of 16.4%, QoQ 20.4%, YoY 11.8%
Adj. PAT came at Rs. 210.1 Cr vs expectation of Rs. 137.7 Cr, QoQ Rs. 195.6 Cr, YoY Rs. 60.1 Cr
Quarter EPS is Rs. 16.6
Stock is trading at P/E of 16.5x FY26E EPS
1,395
NIRMAL BANG OFFICIAL

29 Oct, 09:38

*Adani Enterprises Ltd.* | *CMP* Rs. 2829 | *M Cap* Rs. 326552 Cr | *52 W H/L* 3744/2142
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 22608.1 Cr (-11.2% QoQ, 0.4% YoY) vs QoQ Rs. 25472.4 Cr, YoY Rs. 22517.3 Cr
EBIDTA came at Rs. 3765.8 Cr (-0.1% QoQ, 48.6% YoY) vs QoQ Rs. 3768.1 Cr, YoY Rs. 2533.6 Cr
EBITDA Margin came at 16.7% vs QoQ 14.8%, YoY 11.3%
Adj. PAT came at Rs. 1741.8 Cr vs QoQ Rs. 1454.5 Cr, YoY Rs. 315.8 Cr
Quarter EPS is Rs. 15.1
Stock is trading at P/E of 34.9x FY26E EPS
1,253
NIRMAL BANG OFFICIAL

29 Oct, 09:01

1-2 DAYS  Technical Call book partial profit in AEGISLOG @771-772 Target 800 , BUY call initiated 759.7 (ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang).
1,235
NIRMAL BANG OFFICIAL

29 Oct, 08:38

*PCBL Ltd.* | *CMP* Rs. 446 | *M Cap* Rs. 16816 Cr | *52 W H/L* 585/189
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 2163.2 Cr (0.9% QoQ, 45.5% YoY) vs expectation of Rs. 2163.6 Cr, QoQ Rs. 2143.6 Cr, YoY Rs. 1486.7 Cr
EBIDTA came at Rs. 363.5 Cr (1.5% QoQ, 52.7% YoY) vs expectation of Rs. 346.1 Cr, QoQ Rs. 358.3 Cr, YoY Rs. 238.1 Cr
EBITDA Margin came at 16.8% vs expectation of 16%, QoQ 16.7%, YoY 16%
Adj. PAT came at Rs. 123.4 Cr vs expectation of Rs. 124.8 Cr, QoQ Rs. 118 Cr, YoY Rs. 122.6 Cr
Quarter EPS is Rs. 3.3
Stock is trading at P/E of 20.7x FY26E EPS


*Vedant Fashions Ltd.* | *CMP* Rs. 1275 | *M Cap* Rs. 30971 Cr | *52 W H/L* 1488/886
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 267.5 Cr (11.6% QoQ, 22.6% YoY) vs expectation of Rs. 244 Cr, QoQ Rs. 239.8 Cr, YoY Rs. 218.3 Cr
EBIDTA came at Rs. 121.7 Cr (8% QoQ, 31.2% YoY) vs expectation of Rs. 107.5 Cr, QoQ Rs. 112.7 Cr, YoY Rs. 92.8 Cr
EBITDA Margin came at 45.5% vs expectation of 44%, QoQ 47%, YoY 42.5%
Adj. PAT came at Rs. 66.4 Cr vs expectation of Rs. 53.2 Cr, QoQ Rs. 62.5 Cr, YoY Rs. 48.7 Cr
Quarter EPS is Rs. 2.7
Stock is trading at P/E of 57.3x FY26E EPS
1,259
NIRMAL BANG OFFICIAL

29 Oct, 08:23

*V-Guard Industries Ltd.* | *CMP* Rs. 417 | *M Cap* Rs. 18133 Cr | *52 W H/L* 577/282
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1294 Cr (-12.4% QoQ, 14.1% YoY) vs expectation of Rs. 1258.6 Cr, QoQ Rs. 1477.1 Cr, YoY Rs. 1133.8 Cr
EBIDTA came at Rs. 110.3 Cr (-29.2% QoQ, 19.2% YoY) vs expectation of Rs. 117.7 Cr, QoQ Rs. 155.8 Cr, YoY Rs. 92.5 Cr
EBITDA Margin came at 8.5% vs expectation of 9.4%, QoQ 10.5%, YoY 8.2%
Adj. PAT came at Rs. 63.4 Cr vs expectation of Rs. 71.6 Cr, QoQ Rs. 99 Cr, YoY Rs. 59 Cr
Quarter EPS is Rs. 1.5
Stock is trading at P/E of 41x FY26E EPS
1,141
NIRMAL BANG OFFICIAL

29 Oct, 08:17

*Kirloskar Brothers Ltd.* | *CMP* Rs. 1791 | *M Cap* Rs. 14223 Cr | *52 W H/L* 2685/803
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1035.8 Cr (0.5% QoQ, 13.4% YoY) vs QoQ Rs. 1030.9 Cr, YoY Rs. 913.1 Cr
EBIDTA came at Rs. 142.1 Cr (27.2% QoQ, 49.9% YoY) vs QoQ Rs. 111.7 Cr, YoY Rs. 94.8 Cr
EBITDA Margin came at 13.7% vs QoQ 10.8%, YoY 10.4%
Adj. PAT came at Rs. 95.7 Cr vs QoQ Rs. 65.1 Cr, YoY Rs. 50.4 Cr
Quarter EPS is Rs. 12.1
Stock is trading at P/E of 36.2x TTM EPS
1,168
NIRMAL BANG OFFICIAL

29 Oct, 08:16

*Maruti Suzuki India Ltd.* | *CMP* Rs. 11194 | *M Cap* Rs. 351931 Cr | *52 W H/L* 13680/9738
(Nirmal Bang Retail Research)
No. of Vehicles Sold 5.41 lakh vs QoQ 5.21 lakh, YoY 5.52 lakh
*Result is below expectations*
Revenue from Operations came at Rs. 37202.8 Cr (4.7% QoQ, 0.4% YoY) vs expectation of Rs. 37229 Cr, QoQ Rs. 35531.4 Cr, YoY Rs. 37062.1 Cr
EBIDTA came at Rs. 4416.6 Cr (-1.9% QoQ, -7.7% YoY) vs expectation of Rs. 4712.1 Cr, QoQ Rs. 4502.3 Cr, YoY Rs. 4784.2 Cr
EBITDA Margin came at 11.9% vs expectation of 12.7%, QoQ 12.7%, YoY 12.9%
Adj. PAT came at Rs. 3069.2 Cr vs expectation of Rs. 3674.2 Cr, QoQ Rs. 3649.9 Cr, YoY Rs. 3716.5 Cr
Quarter EPS is Rs. 97.6
Stock is trading at P/E of 20.9x FY26E EPS
973
NIRMAL BANG OFFICIAL

29 Oct, 08:06

*Apar Industries Ltd.* | *CMP* Rs. 9249 | *M Cap* Rs. 37152 Cr | *52 W H/L* 11025/4546
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 4644.5 Cr (15.8% QoQ, 18.3% YoY) vs expectation of Rs. 4423.7 Cr, QoQ Rs. 4010.5 Cr, YoY Rs. 3926 Cr
EBIDTA came at Rs. 356.5 Cr (-5.1% QoQ, 1.9% YoY) vs expectation of Rs. 320 Cr, QoQ Rs. 375.6 Cr, YoY Rs. 349.8 Cr
EBITDA Margin came at 7.7% vs expectation of 7.2%, QoQ 9.4%, YoY 8.9%
Adj. PAT came at Rs. 193.9 Cr vs expectation of Rs. 152 Cr, QoQ Rs. 202.5 Cr, YoY Rs. 173.9 Cr
Quarter EPS is Rs. 48.3
Stock is trading at P/E of 34.9x FY26E EPS
1,024
NIRMAL BANG OFFICIAL

29 Oct, 08:00

*Canara Bank Ltd.* | *CMP* Rs. 102 | *M Cap* Rs. 95088 Cr | *52 W H/L* 129/68
(Nirmal Bang Retail Research)
*Result is marginally above expectations*

Advances came at Rs. 1011997 Cr (10% YoY, 3.8% QoQ)
Net Interest Income came at Rs. 9315 Cr vs expectation of Rs. 9399 Cr, YoY Rs. 8903 Cr, QoQ Rs. 9166 Cr
NIM came at 2.88% vs QoQ 2.9%
Non Interest Income came at Rs. 4981 Cr vs expectation of Rs. 4791 Cr, YoY Rs. 4635 Cr, QoQ Rs. 5319 Cr
PBP came at Rs. 7654 Cr vs expectation of Rs. 6947 Cr, YoY Rs. 7616 Cr, QoQ Rs. 7615 Cr
Provisions came at Rs. 2251 Cr vs expectation of Rs. 2108 Cr, YoY Rs. 2608 Cr, QoQ Rs. 2282 Cr
Credit Cost came at 0.9% vs QoQ 0.9% & YoY 1.1%
Adj. PAT came at Rs. 4015 Cr vs expectation of Rs. 3798 Cr, YoY Rs. 3606 Cr, QoQ Rs. 3905 Cr
Gross NPA came at Rs. 37733 Cr vs QoQ Rs. 40356 Cr at 3.73% vs QoQ 4.14%
Net NPA came at Rs. 9777 Cr vs QoQ Rs. 11702 Cr at 0.99% vs QoQ 1.24%
Slippages came at Rs. 2345 Cr vs QoQ Rs. 3337 Cr at 0.93% vs QoQ 1.37%
SMA 0,1,2 came at Rs. 14944 Cr vs QoQ Rs. 11048 Cr at 1.48% vs QoQ 1.13%
Quarter EPS is Rs. 22
Stock is trading at P/E of 5x FY26E EPS & 0.2x trailing P/Adj. BV
1,102
NIRMAL BANG OFFICIAL

29 Oct, 07:56

*Adani Ports and Special Economic Zone Ltd.* | *CMP* Rs. 1366 | *M Cap* Rs. 295010 Cr | *52 W H/L* 1621/755
(Nirmal Bang Retail Research)
*Result is inline with expectations*
Revenue from Operations came at Rs. 7067 Cr (-6.5% QoQ, 6.3% YoY) vs expectation of Rs. 7267.2 Cr, QoQ Rs. 7559.6 Cr, YoY Rs. 6646.4 Cr
EBIDTA came at Rs. 4368.9 Cr (-9.9% QoQ, 7.2% YoY) vs expectation of Rs. 4372.2 Cr, QoQ Rs. 4847.8 Cr, YoY Rs. 4075.7 Cr
EBITDA Margin came at 61.8% vs expectation of 60.2%, QoQ 64.1%, YoY 61.3%
Adj. PAT came at Rs. 2496.8 Cr vs expectation of Rs. 2601.3 Cr, QoQ Rs. 3258.3 Cr, YoY Rs. 2203 Cr
Quarter EPS is Rs. 11.6
Stock is trading at P/E of 23.8x FY26E EPS
1,132
NIRMAL BANG OFFICIAL

29 Oct, 07:55

*Blue Jet Healthcare Ltd.* | *CMP* Rs. 490 | *M Cap* Rs. 8691 Cr | *52 W H/L* 553/319
(Nirmal Bang Retail Research)
*Result below Expectation*
Revenue from Operations came at Rs. 208.3 Cr (27.8% QoQ, 14.8% YoY) vs expectation of Rs. 237.9 Cr, QoQ Rs. 162.9 Cr, YoY Rs. 181.4 Cr
EBIDTA came at Rs. 69.5 Cr (57% QoQ, 11% YoY) vs expectation of Rs. 80.4 Cr, QoQ Rs. 44.3 Cr, YoY Rs. 62.6 Cr
EBITDA Margin came at 33.4% vs expectation of 33.8%, QoQ 27.2%, YoY 34.5%
Adj. PAT came at Rs. 58.4 Cr vs expectation of Rs. 62.7 Cr, QoQ Rs. 37.8 Cr, YoY Rs. 47.9 Cr
Quarter EPS is Rs. 3.4
Stock is trading at P/E of 33.3x FY26E EPS
1,250
NIRMAL BANG OFFICIAL

29 Oct, 07:36

1-2 DAYS  Technical Call book partial profit in CUMMINSIND @3475-3480 Target 3620 , BUY call initiated 3408.4 (ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang).
1,242
NIRMAL BANG OFFICIAL

29 Oct, 07:25

1-2 DAYS Technical call Buy AEGISLOG above 759.7 with Stop Loss 746 Target 800 (ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang).
1,336
NIRMAL BANG OFFICIAL

29 Oct, 07:21

ASIANPAINT SL TRIGGER @2950 Visit our website for disclosure. (Nirmal Bang). 
1,375
NIRMAL BANG OFFICIAL

29 Oct, 07:17

Intraday Derivatives Call Target Achieved in BANKNIFTY 30OCT 51500 CE at 340, Call initiated at 190 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang)
1,494
NIRMAL BANG OFFICIAL

29 Oct, 06:34

1-2 DAYS Technical Call Buy KARURVYSYA above 222.4 with Stop Loss 216 Target 234(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang). 
1,411
NIRMAL BANG OFFICIAL

26 Oct, 07:49

*Bank of Baroda Ltd.* | *CMP* Rs. 240 | *M Cap* Rs. 126931 Cr | *52 W H/L* 300/188
(Nirmal Bang Retail Research)
*Result is inline with Expectations*
Advances came at Rs. 1143039 Cr (12% YoY, 6.7% QoQ)
Net Interest Income came at Rs. 11622 Cr vs expectation of Rs. 11772 Cr, YoY Rs. 10831 Cr, QoQ Rs. 11600 Cr
NIM came at 3.1% vs QoQ 3.18%
Non Interest Income came at Rs. 5181 Cr vs expectation of Rs. 3129 Cr, YoY Rs. 4171 Cr, QoQ Rs. 2487 Cr
PBP came at Rs. 9477 Cr vs expectation of Rs. 7933 Cr, YoY Rs. 8020 Cr, QoQ Rs. 7161 Cr
Provisions came at Rs. 2336 Cr vs expectation of Rs. 1516 Cr, YoY Rs. 2161 Cr, QoQ Rs. 1011 Cr
Credit Cost came at 0.8% vs QoQ 0.4% & YoY 0.8%
Adj. PAT came at Rs. 5238 Cr vs expectation of Rs. 4433 Cr, YoY Rs. 4253 Cr, QoQ Rs. 4458 Cr
Gross NPA came at Rs. 28551 Cr vs QoQ Rs. 30873 Cr at 2.5% vs QoQ 2.88%
Net NPA came at Rs. 6764 Cr vs QoQ Rs. 7232 Cr at 0.6% vs QoQ 0.69%
Slippages came at Rs. 3110 Cr vs QoQ Rs. 3018 Cr at 1.09% vs QoQ 1.13%
Quarter EPS is Rs. 10
Stock is trading at P/E of 6.3x FY26E EPS & 1x trailing P/Adj. BV

*CreditAccess Grameen Ltd. - C* | *CMP* Rs. 982 | *M Cap* Rs. 16823 Cr | *52 W H/L* 1796/1050
(Nirmal Bang Retail Research)
*Result is below expectations*
AUM came at Rs. 25133 Cr (12% YoY, -4.5% QoQ)
Disbursement came at Rs. 4404 Cr vs YoY Rs. 4966 Cr, QoQ Rs. 4476 Cr
NII came at Rs. 933.1 Cr vs YoY Rs. 763.5 Cr, QoQ Rs. 926.8 Cr
NIM came at 13.5% vs QoQ 13%
PBP came at Rs. 672.8 Cr vs expectation of Rs. 691.4 Cr, YoY Rs. 562.6 Cr, QoQ Rs. 709.3 Cr
Provision came at Rs. 420.2 Cr vs expectation of Rs. 252.4 Cr, YoY Rs. 95.9 Cr, QoQ Rs. 174.6 Cr
Credit Cost came at 6.7% vs YoY 1.7%, QoQ 2.7%
PAT came at Rs. 186.7 Cr vs expectation of Rs. 358.1 Cr, YoY Rs. 347 Cr, QoQ Rs. 397.7 Cr
GNPA came at 2.44% vs QoQ 1.46%
NNPA came at 0.76% vs QoQ 0.45%
Quarter EPS is Rs. 11.7
Stock is trading at P/E of 8.2x FY26E EPS & 3.6x trailing P/BV

*Bandhan Bank Ltd.* | *CMP* Rs. 168 | *M Cap* Rs. 31575 Cr | *52 W H/L* 263/169
(Nirmal Bang Retail Research)
*Result is declining*
Advances came at Rs. 130652 Cr (21% YoY, 4% QoQ)
Net Interest Income came at Rs. 2948 Cr vs YoY Rs. 2443 Cr, QoQ Rs. 3005 Cr
NIM came at 7.4% vs QoQ 7.6%
Non Interest Income came at Rs. 595 Cr vs YoY Rs. 540 Cr, QoQ Rs. 528 Cr
PBP came at Rs. 1855 Cr vs expectation of Rs. 1927 Cr, YoY Rs. 1583 Cr, QoQ Rs. 1941 Cr
Provisions came at Rs. 606 Cr vs expectation of Rs. 703 Cr, YoY Rs. 636 Cr, QoQ Rs. 523 Cr
Credit Cost came at 1.9% vs YoY 2.4%, QoQ 1.7%
Adj. PAT came at Rs. 937 Cr vs expectation of Rs. 900 Cr, YoY Rs. 721 Cr, QoQ Rs. 1063 Cr
Gross NPA came at Rs. 6105.3 Cr vs QoQ Rs. 5304.4 Cr at 4.68% vs QoQ 4.23%
Net NPA came at Rs. 1620 Cr vs QoQ Rs. 1396 Cr at 1.29% vs QoQ 1.15%
Slippages came at Rs. 1110 Cr vs QoQ Rs. 890 Cr with slippage ratio of 3.4% vs QoQ 2.83%
Quarter EPS is Rs. 5.8
Stock is trading at P/E 6.2x FY26E EPS and trailing P/Adj BV of 1.2x

*IDBI Bank Ltd. * | *CMP* Rs. 83 | *M Cap* Rs. 89331 Cr | *52 W H/L* 108/60
(Nirmal Bang Retail Research)
*Result improved*
Advances came at Rs. 200944 Cr (19% YoY, 3.6% QoQ)
Net Interest Income came at Rs. 3875 Cr vs YoY Rs. 3066 Cr, QoQ Rs. 3233 Cr
NIM came at 4.87% vs QoQ 4.18%
Non Interest Income came at Rs. 1313 Cr vs YoY Rs. 889 Cr, QoQ Rs. 805 Cr
PBP came at Rs. 3006 Cr vs YoY Rs. 2072 Cr, QoQ Rs. 2076 Cr
Provisions came at Rs. 555 Cr vs YoY Rs. -227 Cr, QoQ Rs. -443 Cr
Adj. PAT came at Rs. 1836 Cr vs YoY Rs. 1323 Cr, QoQ Rs. 1719 Cr
Gross NPA came at Rs. 7653 Cr vs QoQ Rs. 7795 Cr at 3.68% vs QoQ 3.87%
Net NPA came at Rs. 402 Cr vs QoQ Rs. 454 Cr at 0.2% vs QoQ 0.23%
Slippages came at Rs. 0 Cr vs QoQ Rs. 0 Cr at 0% vs QoQ 0%
Quarter EPS is Rs. 1.7
516
NIRMAL BANG OFFICIAL

26 Oct, 07:49

*Shilchar Technologies Q2FY25 Concall Update*
(Nirmal Bang Securities)

*# Guidance maintained at Rs. 550 Cr for FY25 & Rs. 750-800cr for FY26*
*# Demand is expected to remain robust for next 4-5 years*
*# Co will take a call in Dec/Jan regarding further expansion beyond 7500 MVA*

*Outlook: Positive; we remain bullish on the co and recommend to accumulate the stock on declines*

• Contribution of IDT (invertor duty transformer) has remained at 60% mix.
• There is one to one correlation of increase in Renewable capacity and demand of IDT capacity.
• Co mainly caters to 33 & 66 kV class in solar.
• No plan to enter higher kV transformers.
• Per MVA realisation remains at Rs. 10 Lacs
• BIS approval is a must now for CRGO imports; no issue in sourcing CRGO faced by the co.
• Renewable mix in sales remains at 60%
• 45% of sales comes from exports to NA, Middle East.
• New capacity of 3500 MVA was started in Sep 2024.
• Co can go upto 25k MVA capacity at existing plant.
• Once co decides to set up additional capacity; it can commence production in 1 year.
• As soon as the co gets an order, it books the RM so there is no RM price risk.
• Competitive intensity in the 66 kV and lower segment: There are 15 suppliers in the organised market and another 20-25 in unorg. market who cater to very small solar plants.

Stock is trading at 31x FY26E EPS

*Finolex industries Q2FY25 Concall update*
(Nirmal bang retail research)
*Outlook: Neutral*
1. Result was muted and below expectations wherein Revenues declined 27% QoQ and 6% YoY to Rs.828 crore. Volume increased by 9% Y-o-Y, however, declined 32% QoQ to 1,09,577 MT.
2. EBITDA declined 89% YoY, 95% QoQ to Rs.10.6 crore due to extreme volatility in PVC prices and extended monsoon season.
3. *Segments*
a. Pipe and fitting - Revenue declined by 3.57% Y-o-Y to 819.60 cr and volume increased by 10.22% Y-o-Y TO 69,341 MT
b. PVC Resin - Revenue increased by 4% Y-o-Y to 308.5 cr and volume increased by 7.25% to 40,236 MT
4. Co’s performance primarily affected due to changes in the pvc prices in a shorter span of time. Prices varied from Rs.96 to Rs 76 between June to sep affecting revenues and consequently reduction in our overall margin, however PVC prices had stabilized in the INR76 range and with that performance is expected to improve.
5. The company has a pipe production capacity of 420,000 MT and is adding an additional 40,000 to 50,000 MT within its existing facilities, which will be operational by Q4FY25 at an investment of ~ 150 cr.
6. Company has revised its volume growth guidance to a range of 10% to 12% for FY25 from earlier 15%.
*Stock is trading at P/E of 25.5x FY26E EPS.*

*Intellect Design Arena Ltd.* | *CMP* Rs. 759 | *M Cap* Rs. 10488 Cr | *52 W H/L* 1199/620
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 556 Cr (-8.3% QoQ, -10.2% YoY) vs QoQ Rs. 606.3 Cr, YoY Rs. 619 Cr
EBIDTA came at Rs. 78.8 Cr (-34.7% QoQ, -35.4% YoY) vs QoQ Rs. 120.7 Cr, YoY Rs. 121.9 Cr
EBITDA Margin came at 14.2% vs QoQ 19.9%, YoY 19.7%
Adj. PAT came at Rs. 52.8 Cr vs QoQ Rs. 74.5 Cr, YoY Rs. 70.4 Cr
Quarter EPS is Rs. 3.8
Stock is trading at P/E of 20.2x FY26E EPS

*Aegis Logistics Ltd.* | *CMP* Rs. 748 | *M Cap* Rs. 26241 Cr | *52 W H/L* 970/280
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 1750.4 Cr (9.3% QoQ, 41.8% YoY) vs expectation of Rs. 1950.7 Cr, QoQ Rs. 1601.3 Cr, YoY Rs. 1234.9 Cr
EBIDTA came at Rs. 223.9 Cr (-3.6% QoQ, 7.5% YoY) vs expectation of Rs. 280.8 Cr, QoQ Rs. 232.3 Cr, YoY Rs. 208.3 Cr
EBITDA Margin came at 12.8% vs expectation of 14.4%, QoQ 14.5%, YoY 16.9%
Adj. PAT came at Rs. 126 Cr vs expectation of Rs. 157 Cr, QoQ Rs. 131.5 Cr, YoY Rs. 127 Cr
Quarter EPS is Rs. 3.6
Stock is trading at P/E of 30.4x FY26E EPS
485
NIRMAL BANG OFFICIAL

26 Oct, 07:43

*Inox Wind Ltd.* | *CMP* Rs. 203 | *M Cap* Rs. 26467 Cr | *52 W H/L* 262/47
(Nirmal Bang Retail Research)
*Result has improved*
Order Book came at 3328MW vs qoq 2656MW yoy 1276MW
Revenue from Operations came at Rs. 732.2 Cr (14.6% QoQ, 97.6% YoY) vs QoQ Rs. 638.8 Cr, YoY Rs. 370.6 Cr
EBIDTA came at Rs. 172.9 Cr (27.1% QoQ, 257.8% YoY) vs QoQ Rs. 136.1 Cr, YoY Rs. 48.3 Cr
EBITDA Margin came at 23.6% vs QoQ 21.3%, YoY 13%
Adj. PAT came at Rs. 92.9 Cr vs QoQ Rs. 51.8 Cr, YoY Rs. -24.4 Cr
Quarter EPS is Rs. 0.7
Stock is trading at P/E of 33.7x FY26E EPS

*Praj Industries Ltd.* | *CMP* Rs. 713 | *M Cap* Rs. 13103 Cr | *52 W H/L* 827/448
(Nirmal Bang Retail Research)
Order intake during the quarter Rs. 921 Cr vs (QoQ Rs. 888 Cr, YoY Rs. 1063 Cr)
*Result ok*
Revenue from Operations came at Rs. 816.2 Cr (16.7% QoQ, -7.5% YoY) vs QoQ Rs. 699.1 Cr, YoY Rs. 882.4 Cr
EBIDTA came at Rs. 86.2 Cr (-0.7% QoQ, 10.7% YoY) vs QoQ Rs. 86.8 Cr, YoY Rs. 77.9 Cr
EBITDA Margin came at 10.6% vs QoQ 12.4%, YoY 8.8%
Adj. PAT came at Rs. 53.8 Cr vs QoQ Rs. 56 Cr, YoY Rs. 62.4 Cr
Quarter EPS is Rs. 2.9
Stock is trading at P/E of 30.3x FY26E EPS
487
NIRMAL BANG OFFICIAL

25 Oct, 17:37

BTST BUY CRUDE BET 6035-25 SL BELOW 5960 TGT 6130-55
1,106
NIRMAL BANG OFFICIAL

25 Oct, 15:33

BTST OPTION BUY SILVER98K CE 3500-3450 SL BELOW 3100 TG 4100-4300
1,308
NIRMAL BANG OFFICIAL

25 Oct, 13:54

Buy ALUMINIUM BET 242.3-242 SL BELOW 240 TGT 245.2-246
1,506
NIRMAL BANG OFFICIAL

25 Oct, 13:31

TARGET ACHIEVED-( Buy ZINC BET 284.6-284.3 SL BELOW 282.5 TGT 286.8-287.7)
1,514
NIRMAL BANG OFFICIAL

25 Oct, 11:29

Buy ZINC BET 284.6-284.3 SL BELOW 282.5 TGT 286.8-287.7
1,683
NIRMAL BANG OFFICIAL

25 Oct, 10:37

Option BUY NATGASCE250 bt 20.2-19.6 SL BELOW 16 TGT 24.6-26
1,745
NIRMAL BANG OFFICIAL

25 Oct, 09:44

*Jammu & Kashmir Bank Ltd.* | *CMP* Rs. 97 | *M Cap* Rs. 10772 Cr | *52 W H/L* 153/95
(Nirmal Bang Retail Research)
*Result has improved*
Net Interest Income came at Rs. 1435.9 Cr vs YoY Rs. 1333.8 Cr, QoQ Rs. 1369.2 Cr
Non Interest Income came at Rs. 296.1 Cr vs YoY Rs. 190.3 Cr, QoQ Rs. 194.1 Cr
PBP came at Rs. 787 Cr vs YoY Rs. 534.5 Cr, QoQ Rs. 594.7 Cr
Provisions came at Rs. 32.5 Cr vs YoY Rs. -9.9 Cr, QoQ Rs. -17.5 Cr
Credit Cost came at 0.1% vs YoY 0%, QoQ -0.1%
Adj. PAT came at Rs. 550.9 Cr vs YoY Rs. 381.1 Cr, QoQ Rs. 415.5 Cr
Gross NPA came at Rs. 3916.3 Cr vs QoQ Rs. 3857.6 Cr at 3.95% vs QoQ 3.91%
Net NPA came at Rs. 813.4 Cr vs QoQ Rs. 727.6 Cr at 0.85% vs QoQ 0.76%
Quarter EPS is Rs. 5
Stock is trading at 0.9x trailing P/Adj. BV
1,841
NIRMAL BANG OFFICIAL

25 Oct, 09:35

*India Shelter Finance Corporation Ltd. - S* | *CMP* Rs. 665 | *M Cap* Rs. 7771 Cr | *52 W H/L* 799/519
(Nirmal Bang Retail Research)
*Result is in line with expectations*
NII came at Rs. 140.2 Cr vs YoY Rs. 96.4 Cr, QoQ Rs. 132.8 Cr
PBP came at Rs. 124.7 Cr vs expectation of Rs. 120.6 Cr, YoY Rs. 82.4 Cr, QoQ Rs. 114.4 Cr
Provision came at Rs. 7.8 Cr vs expectation of Rs. 8 Cr, YoY Rs. 5.3 Cr, QoQ Rs. 6.6 Cr
PAT came at Rs. 89.9 Cr vs expectation of Rs. 87.4 Cr, YoY Rs. 60 Cr, QoQ Rs. 83.3 Cr
AUM came at Rs. 7039 Cr vs YoY Rs. 5181 Cr, QoQ Rs. 6509 Cr
Disbursements came at Rs. 1543 Cr vs YoY Rs. 638 Cr, QoQ Rs. 715 Cr
Gross NPA (%) came at 1.24% vs QoQ 1.14%
Net NPA (%) came at 0.94% vs QoQ 0.86%
Quarter EPS is Rs. 8.4
Stock is trading at 2.9x trailing P/BV
1,642
NIRMAL BANG OFFICIAL

25 Oct, 09:23

*Mahindra Holidays & Resorts India Ltd.* | *CMP* Rs. 362 | *M Cap* Rs. 7317 Cr | *52 W H/L* 505/348
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 670.7 Cr (2.7% QoQ, 2.4% YoY) vs QoQ Rs. 652.9 Cr, YoY Rs. 655.3 Cr
EBIDTA came at Rs. 123.4 Cr (17.1% QoQ, -9.3% YoY) vs QoQ Rs. 105.4 Cr, YoY Rs. 136 Cr
EBITDA Margin came at 18.4% vs QoQ 16.1%, YoY 20.8%
Adj. PAT came at Rs. 13.8 Cr vs QoQ Rs. 5.9 Cr, YoY Rs. 21.3 Cr
Quarter EPS is Rs. 0.7
Stock is trading at P/E of 64.4x TTM EPS
1,465
NIRMAL BANG OFFICIAL

25 Oct, 08:41

*Bharat Electronics Ltd.* | *CMP* Rs. 269 | *M Cap* Rs. 196633 Cr | *52 W H/L* 341/127
(Nirmal Bang Retail Research)
*Result ahead of Expectation*
Revenue from Operations came at Rs. 4756.9 Cr (13.3% QoQ, 19.1% YoY) vs expectation of Rs. 4756.9 Cr, QoQ Rs. 4198.8 Cr, YoY Rs. 3993.3 Cr
EBIDTA came at Rs. 1388.5 Cr (48.2% QoQ, 38.2% YoY) vs expectation of Rs. 1132.5 Cr, QoQ Rs. 936.7 Cr, YoY Rs. 1004.4 Cr
EBITDA Margin came at 29.2% vs expectation of 23.8%, QoQ 22.3%, YoY 25.2%
Adj. PAT came at Rs. 1091.3 Cr vs expectation of Rs. 905.6 Cr, QoQ Rs. 776.1 Cr, YoY Rs. 812.3 Cr
Quarter EPS is Rs. 1.5
Stock is trading at P/E of 35.1x FY26E EPS
1,463
NIRMAL BANG OFFICIAL

25 Oct, 08:30

*Eris Lifesciences Ltd.* | *CMP* Rs. 1270 | *M Cap* Rs. 17285 Cr | *52 W H/L* 1522/800
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 741.2 Cr (3% QoQ, 46.7% YoY) vs expectation of Rs. 764.7 Cr, QoQ Rs. 719.7 Cr, YoY Rs. 505.3 Cr
EBIDTA came at Rs. 264.5 Cr (5.8% QoQ, 46% YoY) vs expectation of Rs. 267.5 Cr, QoQ Rs. 250 Cr, YoY Rs. 181.1 Cr
EBITDA Margin came at 35.7% vs expectation of 35%, QoQ 34.7%, YoY 35.8%
Adj. PAT came at Rs. 91.6 Cr vs expectation of Rs. 101.1 Cr, QoQ Rs. 83.2 Cr, YoY Rs. 123.4 Cr
Quarter EPS is Rs. 6.7
Stock is trading at P/E of 29.9x FY26E EPS

*Hindustan Petroleum Corporation Ltd.* | *CMP* Rs. 379 | *M Cap* Rs. 80740 Cr | *52 W H/L* 457/159
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 99925.9 Cr (-12.2% QoQ, 4.4% YoY) vs expectation of Rs. 105697 Cr, QoQ Rs. 113804.5 Cr, YoY Rs. 95701.1 Cr
EBIDTA came at Rs. 2724.4 Cr (29.3% QoQ, -66.8% YoY) vs expectation of Rs. 3881 Cr, QoQ Rs. 2107.6 Cr, YoY Rs. 8216.9 Cr
EBITDA Margin came at 2.7% vs expectation of 3.7%, QoQ 1.9%, YoY 8.6%
Adj. PAT came at Rs. 631.2 Cr vs expectation of Rs. 2138.9 Cr, QoQ Rs. 355.8 Cr, YoY Rs. 5118.2 Cr
Quarter EPS is Rs. 3
Stock is trading at P/E of 7.7x FY26E EPS

*Atul Ltd.* | *CMP* Rs. 7547 | *M Cap* Rs. 22219 Cr | *52 W H/L* 8165/583
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 1392.8 Cr (5.4% QoQ, 16.7% YoY) vs expectation of Rs. 1365.2 Cr, QoQ Rs. 1322.1 Cr, YoY Rs. 1193.7 Cr
EBIDTA came at Rs. 242.7 Cr (8.7% QoQ, 56.4% YoY) vs expectation of Rs. 228.1 Cr, QoQ Rs. 223.2 Cr, YoY Rs. 155.2 Cr
EBITDA Margin came at 17.4% vs expectation of 16.7%, QoQ 16.9%, YoY 13%
Adj. PAT came at Rs. 136.8 Cr vs expectation of Rs. 124.8 Cr, QoQ Rs. 111.9 Cr, YoY Rs. 90.3 Cr
Quarter EPS is Rs. 46.5
Stock is trading at P/E of 34.5x FY26E EPS

*Jubilant Pharmova Ltd.* | *CMP* Rs. 1105 | *M Cap* Rs. 17605 Cr | *52 W H/L* 1247/319
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1752.3 Cr (1.2% QoQ, 4.3% YoY) vs QoQ Rs. 1731.7 Cr, YoY Rs. 1680.3 Cr
EBIDTA came at Rs. 289.4 Cr (15.1% QoQ, 19.7% YoY) vs QoQ Rs. 251.5 Cr, YoY Rs. 241.8 Cr
EBITDA Margin came at 16.5% vs QoQ 14.5%, YoY 14.4%
Adj. PAT came at Rs. 117 Cr vs QoQ Rs. 86.2 Cr, YoY Rs. 62.5 Cr
Quarter EPS is Rs. 7.3
Stock is trading at P/E of 46.3x TTM EPS
1,575
NIRMAL BANG OFFICIAL

25 Oct, 08:13

BOOK PROFIT IN COPPER SELL CALL AT 833.50
1,463
NIRMAL BANG OFFICIAL

25 Oct, 07:48

SELL CRUDEOIL 5928-5938 SL ABOVE 5991 TG 5860-5830
1,575
NIRMAL BANG OFFICIAL

25 Oct, 06:26

Intraday Derivatives Call Exit NIFTY 24OCT 24150 CE at 165 Visit our website for disclosure (Nirmal Bang) 
1,755
NIRMAL BANG OFFICIAL

25 Oct, 06:25

Intraday Derivatives Call Exit NIFTY 24OCT 24150 CE at 165 Visit our website for disclosure (Nirmal Bang) 
1,732
NIRMAL BANG OFFICIAL

25 Oct, 05:59

25-10-2024 TODAY
ATUL
LASTYR EBIDTA 155 CR
LASTQTR EBIDTA 223 CR
MKTEXP EBIDTA 228 CR RESULT IMPROVED

BALKRISHNAIND
LASTYR 347 CR
LASTQTR 490 CR
MKTEXP 357 CR RESULT DECLINING

BANDHANBK
LASTYR 721 CR
LASTQTR 1063 CR
MKTEXP 900 CR RESULT OK

BANKOFBARODA
LASTYR 4253 CR
LASTQTR 4458 CR
MKTEXP 4433 CR RESULT OK

BEL
LASTYR 812 CR
LASTQTR 776 CR
MKTEXP 906 CR RESULT IMPROVED

BPCL
LASTYR EBIDTA 12908 CR
LASTQTR EBIDTA 5650 CR
MKTEXP EBIDTA 5218 CR RESULT OK

CHOLAFIN
LASTYR 762 CR
LASTQTR 942 CR
MKTEXP 1017 CR RESULT IMPROVED

COALINDIA
LASTYR EBIDTA 8137 CR
LASTQTR EBIDTA 14338 CR
MKTEXP EBIDTA 11168 CR RESULT OK

DLF
LASTYR 622 CR
LASTQTR 645 CR
MKTEXP 687 CR RESULT OK

HPCL
LASTYR EBIDTA 8217 CR
LASTQTR EBIDTA 2107 CR
MKTEXP EBIDTA 3881 CR RESULT OK

INDIGO
LASTYR EBIDTA 2817 CR
LASTQTR EBIDTA 5217 CR
MKTEXP EBIDTA 3060 CR RESULT OK

JSWSTL
LASTYR EBIDTA 7886 CR
LASTQTR EBIDTA 5510 CR
MKTEXP EBIDTA 7224 CR RESULT IMPROVED

NUVAMA
LASTYR 145 CR
LASTQTR 221 CR
MKTEXP 242 CR RESULT GOOD

TORNTPHARMA
LASTYR 386 CR
LASTQTR 457 CR
MKTEXP 491 CR RESULT IMPROVED

26-10-2024 SATURDAY
ICICIBK
LASTYR 10261 CR
LASTQTR 11059 CR
MKTEXP 11053 CR RESULT OK

IDFCBK
LASTYR PBP 1510 CR
LASTQTR PBP 1882 CR
MKTEXP PBP 1968 CR RESULT IMPROVED

JKCEM
LASTYR EBIDTA 467 CR
LASTQTR EBIDTA 486 CR
MKTEXP EBIDTA 435 CR RESULT OK

RECLTD
LASTYR 3772 CR
LASTQTR 3442 CR
MKTEXP 3713 CR RESULT OK

28-10-2024 MONDAY
AMBUJACEM
LASTYR EBIDTA 1302 CR
LASTQTR EBIDTA 1280 CR
MKTEXP EBIDTA 904 CR RESULT DECLINING

BHARTIARTL
LASTYR EBIDTA 19514 CR
LASTQTR EBIDTA 19707 CR
MKTEXP EBIDTA 21892 CR RESULT IMPROVED

BHEL
LASTYR -233 CR
LASTQTR -212 CR
MKTEXP -84 CR RESULT OK

FEDERALBK
LASTYR 954 CR
LASTQTR 1010 CR
MKTEXP 1016 CR RESULT OK

FSL
LASTYR 126 CR
LASTQTR 135 CR
MKTEXP 143 CR RESULT OK


IGL
LASTYR 535 CR
LASTQTR 402 CR
MKTEXP 458 CR RESULT OK

IOC
LASTYR EBIDTA 21303 CR
LASTQTR EBIDTA 8635 CR
MKTEXP EBIDTA 9802 CR RESULT OK

JISL
LASTYR 9 CR
LASTQTR 13 CR
MKTEXP NO EXP

JSWINFRA
LASTYR 254 CR
LASTQTR 292 CR
MKTEXP 299 CR RESULT OK

LICHSGFIN
LASTYR 1188 CR
LASTQTR 1300 CR
MKTEXP 1232 CR RESULT OK

PNB
LASTYR 1756 CR
LASTQTR 3252 CR
MKTEXP 3334 CR RESULT OK

RAILTEL
LASTYR 68 CR
LASTQTR 66 CR
MKTEXP NO EXP

SUNPHARMA
LASTYR 2376 CR
LASTQTR 2835 CR
MKTEXP 2931 CR RESULT IMPROVED

TATATECH
LASTYR 160 CR
LASTQTR 162 CR
MKTEXP NO EXP

29-10-2024 TUESDAY
ADANIENT
LASTYR 316 CR
LASTQTR 1454 CR
MKTEXP NO EXP

ADANIPORT
LASTYR 2203 CR
LASTQTR 3254 CR
MKTEXP 2601 CR RESULT OK

CANBK
LASTYR 3606 CR
LASTQTR 3905 CR
MKTEXP 3798 CR RESULT OK

CIPLA
LASTYR 1130 CR
LASTQTR 1178 CR
MKTEXP 1246 CR RESULT IMPROVED

CONCOR
LASTYR 367 CR
LASTQTR 258 CR
MKTEXP 335 CR RESULT OK

ENGININDIA
LASTYR 102 CR
LASTQTR 55 CR
MKTEXP 93 CR RESULT OK

GLAXO
LASTYR 218 CR
LASTQTR 182 CR
MKTEXP 243 CR RESULT IMPROVED

MARICO
LASTYR 353 CR
LASTQTR 464 CR
MKTEXP 389 CR RESULT OK

MARUTI
LASTYR 3717 CR
LASTQTR 3650 CR
MKTEXP 3674 CR RESULT OK

PCBL
LASTYR 123 CR
LASTQTR 118 CR
MKTEXP 124 CR RESULT OK

SBICARD
LASTYR 603 CR
LASTQTR 594 CR
MKTEXP 587 CR RESULT OK

VOLTAS
LASTYR 37 CR
LASTQTR 334 CR
MKTEXP 130 CR RESULT IMPROVED
1,885
NIRMAL BANG OFFICIAL

25 Oct, 05:17

1-2 Days Technical Call SELL TATACONSUM FUT 31 OCT Below 985 with Stop Loss 1005 Target 945 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang). 
1,697
NIRMAL BANG OFFICIAL

21 Oct, 14:54

Buy Zinc bet 283.7-283.4 SL BELOW 282 TGT 286.7-288
657
NIRMAL BANG OFFICIAL

21 Oct, 09:58

*CG Power and Industrial Solutions Ltd.* | *CMP* Rs. 796 | *M Cap* Rs. 121668 Cr | *52 W H/L* 814/359
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 2412.7 Cr (8.3% QoQ, 20.5% YoY) vs expectation of Rs. 2332.8 Cr, QoQ Rs. 2227.5 Cr, YoY Rs. 2001.5 Cr
EBIDTA came at Rs. 294.7 Cr (-9.9% QoQ, -4.5% YoY) vs expectation of Rs. 335.4 Cr, QoQ Rs. 327.1 Cr, YoY Rs. 308.6 Cr
EBITDA Margin came at 12.2% vs expectation of 14.4%, QoQ 14.7%, YoY 15.4%
Adj. PAT came at Rs. 221 Cr vs expectation of Rs. 259.9 Cr, QoQ Rs. 241.1 Cr, YoY Rs. 215.1 Cr
Quarter EPS is Rs. 1.4
Stock is trading at P/E of 85.4x FY26E EPS

*Gravita India Ltd.* | *CMP* Rs. 2390 | *M Cap* Rs. 16500 Cr | *52 W H/L* 2700/730
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 927.4 Cr (2.2% QoQ, 10.9% YoY) vs QoQ Rs. 907.9 Cr, YoY Rs. 836.2 Cr
EBIDTA came at Rs. 63.5 Cr (-27.6% QoQ, -12.6% YoY) vs QoQ Rs. 87.7 Cr, YoY Rs. 72.6 Cr
EBITDA Margin came at 6.8% vs QoQ 9.7%, YoY 8.7%
Adj. PAT came at Rs. 72 Cr vs QoQ Rs. 67.3 Cr, YoY Rs. 57.9 Cr
Quarter EPS is Rs. 10.4
Stock is trading at P/E of 40.2x FY26E EPS
1,331
NIRMAL BANG OFFICIAL

21 Oct, 08:54

*Ultratech Cement Ltd.* | *CMP* Rs. 10790 | *M Cap* Rs. 311503 Cr | *52 W H/L* 12138/8087
(Nirmal Bang Retail Research)
Sales volume (in MT) came at 27.84 vs expectation of 27.34, QoQ 32, YoY 26.70
Realizations (Rs./tonne) came at 5616.02 vs expectation of 5881.49, QoQ 5646.88, YoY 5997
EBITDA/tonne (Rs./tonne) came at 724.96 vs expectation of 906.29, QoQ 949.78, YoY 955.39
*Result is below expectations*
Revenue from Operations came at Rs. 15634.7 Cr (-13.5% QoQ, -2.4% YoY) vs expectation of Rs. 16079.7 Cr, QoQ Rs. 18069.6 Cr, YoY Rs. 16012.1 Cr
EBIDTA came at Rs. 2018.3 Cr (-33.6% QoQ, -20.9% YoY) vs expectation of Rs. 2477.8 Cr, QoQ Rs. 3039.3 Cr, YoY Rs. 2550.9 Cr
EBITDA Margin came at 12.9% vs expectation of 15.4%, QoQ 16.8%, YoY 15.9%
Adj. PAT came at Rs. 820 Cr vs expectation of Rs. 1196.9 Cr, QoQ Rs. 1664.1 Cr, YoY Rs. 1281.5 Cr
Quarter EPS is Rs. 28.4
Stock is trading at EV/EBITDA of 17.2x FY26E EBITDA
1,414
NIRMAL BANG OFFICIAL

21 Oct, 08:49

*Solara Active Pharma Sciences Ltd.* | *CMP* Rs. 836| *M Cap* Rs. 3010 Cr | *52 W H/L* 850/264
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 347 Cr (-4.6% QoQ, -18.4% YoY) vs QoQ Rs. 363.5 Cr, YoY Rs. 425.2 Cr
EBIDTA came at Rs. 61.3 Cr (46.3% QoQ, 62.9% YoY) vs QoQ Rs. 41.9 Cr, YoY Rs. 37.6 Cr
EBITDA Margin came at 17.7% vs QoQ 11.5%, YoY 8.8%
Adj. PAT came at Rs. 8 Cr vs QoQ Rs. -13.5 Cr, YoY Rs. -11.9 Cr
Quarter EPS is Rs. 2.2
1,324
NIRMAL BANG OFFICIAL

21 Oct, 06:04

Intraday Derivatives Call Book Partial Profits in BANKNIFTY 23OCT 52000 PE at 306-312, Target 420, Call initiated at 225 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 
1,616
NIRMAL BANG OFFICIAL

21 Oct, 05:24

*VERY IMPORTANT CLARIFICATION FROM BAJAJ AUTO*
WE ARE GROWING 40% FASTER THAN INDUSTRY AVERAGE
GROWTH WILL BE CLOSER TO DOUBLE DIGIT BY DECEMBER

*BAJAJ ATO SAYS*
RAJIV BAJAJ SAYS
COMMENTS WERE MISTAKEN EARLIER
PROMOTERS ARE BUYING STOCK FROM OPEN MARKET
FEEL 20,000 RUPEES IS FAIR VALUE OF BAJAJ AUTO STOCK

MRO-TEK REALTY: CO SUCCESSFULLY PROCURED A PARCEL OF LAND AT CANDOLIM, NORTH GOA FOR SIGNIFICANT STEP IN OUR STRATEGIC EXPANSION INTO THE REAL ESTATE SECTOR
1,762
NIRMAL BANG OFFICIAL

21 Oct, 05:22

Intraday Derivatives Call Buy BANKNIFTY 23OCT 52000 PE above 225 with SL 130 Target 420 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang)
1,611
NIRMAL BANG OFFICIAL

21 Oct, 04:33

1-2 DAYS Technical Buy Call BLAL Stop Loss Triggered at 239.  Visit our website for disclosure. (Nirmal Bang). 
1,706
NIRMAL BANG OFFICIAL

21 Oct, 04:22

1-2 DAYS Technical Call Buy NETWORK18 above 83.50 with Stop Loss 81 Target 90 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang).
1,771
NIRMAL BANG OFFICIAL

21 Oct, 04:10

1-2 DAYS Call Technical call SELL CIPLA FUT 31 OCT BELOW 1555.40 with SL 1575 Target 1515(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,796
NIRMAL BANG OFFICIAL

21 Oct, 04:08

1-2 DAYS  Technical Call book partial profit in BHARTARTL FUT @ 1680-1678 Target 1655 , SELL call initiated 1702.40(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).
1,749
NIRMAL BANG OFFICIAL

21 Oct, 03:59

1-2 DAYS Technical Buy Call DCW Target 110 Achieved, Buy Call initiated at 103 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang). 
1,787
NIRMAL BANG OFFICIAL

21 Oct, 03:52

1-2 DAYS Technical Buy Call Book Partial Profits in EMBDL at 135-136, Target 140, Buy Call initiated at 130.7(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang). 
1,736
NIRMAL BANG OFFICIAL

19 Oct, 04:54

[18/10, 22:53] BD-EMP-NB03530 SANDEEP AGRAWAL: *OBEROI REALTY LTD.* | *CMP* Rs. 1931 | *M Cap* Rs. 70212 Cr | *52 W H/L* 2067/1051
(Nirmal Bang Retail Research)
New Booking came at Rs.1442.5cr vs QoQ Rs.1067cr YoY Rs.965cr
*Result Ahead of Expectation*
Revenue from Operations came at Rs. 1319.9 Cr (-6.1% QoQ, 8.4% YoY) vs expectation of Rs. 1252.3 Cr, QoQ Rs. 1405.2 Cr, YoY Rs. 1217.4 Cr
EBIDTA came at Rs. 813.8 Cr (-0.2% QoQ, 27.5% YoY) vs expectation of Rs. 656.7 Cr, QoQ Rs. 815.1 Cr, YoY Rs. 638.2 Cr
EBITDA Margin came at 61.7% vs expectation of 52.4%, QoQ 58%, YoY 52.4%
Adj. PAT came at Rs. 589.4 Cr vs expectation of Rs. 472.5 Cr, QoQ Rs. 584.5 Cr, YoY Rs. 456.8 Cr
Quarter EPS is Rs. 16.2
Stock is trading at P/E of 25x FY26E EPS
[18/10, 23:42] BD-EMP-NB03530 SANDEEP AGRAWAL: *ICICI Lombard General Insurance Co. Ltd. - S* | *CMP* Rs. 2015 | *M Cap* Rs. 104445 Cr | *52 W H/L* 2302/1303
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
GDPI came at Rs. 6721 Cr vs YoY Rs. 6085 Cr, QoQ Rs. 7688 Cr
Net Premiums earned came at Rs. 5026 Cr vs expectation of Rs. 4778 Cr, YoY Rs. 4306 Cr, QoQ Rs. 4504 Cr
PAT came at Rs. 694 Cr vs expectation of Rs. 681 Cr, YoY Rs. 577 Cr, QoQ Rs. 580 Cr
Combined Ratio came at 104.5% vs QoQ 102.3%
Market Share came at 9.4% vs QoQ 10.6%
Quarter EPS is Rs. 14
Stock is trading at P/E of 34.1x FY26E EPS & 7.6x trailing P/BV
[18/10, 23:42] BD-EMP-NB03530 SANDEEP AGRAWAL: *Tejas Networks Ltd.* | *CMP* Rs. 1190 | *M Cap* Rs. 20380 Cr | *52 W H/L* 1495/651
(Nirmal Bang Retail Research)
*With the Execution of BSNL project, order book declined. Order Book has come at Rs.4845cr vs QoQ Rs.7091cr YoY Rs.9271cr New Order booking in the quarter was around Rs.500cr*

*Result Improved*
Revenue from Operations came at Rs. 2811.3 Cr (79.9% QoQ, 610% YoY) vs QoQ Rs. 1562.8 Cr, YoY Rs. 396 Cr
EBIDTA came at Rs. 534.7 Cr (132.5% QoQ, 4022.7% YoY) vs QoQ Rs. 230 Cr, YoY Rs. 13 Cr
EBITDA Margin came at 19% vs QoQ 14.7%, YoY 3.3%
Adj. PAT came at Rs. 275.2 Cr vs QoQ Rs. 77.5 Cr, YoY Rs. -12.6 Cr
Quarter EPS is Rs. 16.1
Stock is trading at P/E of 44.8x TTM EPS
1,215
NIRMAL BANG OFFICIAL

18 Oct, 12:33

Book 238.4-238.8- BUY ALUMINIUM AT 237- 236.70 SL BELOW 235 TARGET 240
1,618
NIRMAL BANG OFFICIAL

18 Oct, 11:43

Option BUY NATGASCE200 bt 5.8-5 SL BELOW 2 TGT 11-12.8
1,703
NIRMAL BANG OFFICIAL

18 Oct, 09:47

*ZEE ENTERTAINMENT ENTERPRISES LTD.* | *CMP* Rs. 130 | *M Cap* Rs. 12453 Cr | *52 W H/L* 300/125
(Nirmal Bang Retail Research)
*Result ahead of Expectation*

*Company Target 8-10% overall revenue CAGR with current portfolio and Aspire to deliver industry-leading 18-20% EBITDA margin*

Revenue from Operations came at Rs. 2000.7 Cr (-6.1% QoQ, -17.9% YoY) vs expectation of Rs. 2104.4 Cr, QoQ Rs. 2130.5 Cr, YoY Rs. 2437.8 Cr
EBIDTA came at Rs. 323.2 Cr (19.5% QoQ, -2.9% YoY) vs expectation of Rs. 275.1 Cr, QoQ Rs. 270.6 Cr, YoY Rs. 332.8 Cr
EBITDA Margin came at 16.2% vs expectation of 13.1%, QoQ 12.7%, YoY 13.6%
Adj. PAT came at Rs. 198.5 Cr vs expectation of Rs. 141.9 Cr, QoQ Rs. 146.7 Cr, YoY Rs. 242.7 Cr
Quarter EPS is Rs. 2.1
Stock is trading at P/E of 12.7x FY26E EPS

*GNA Axles Ltd.* | *CMP* Rs. 418 | *M Cap* Rs. 1793 Cr | *52 W H/L* 519/357
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 387.6 Cr (-3% QoQ, -4.1% YoY) vs QoQ Rs. 399.6 Cr, YoY Rs. 404.2 Cr
EBIDTA came at Rs. 53 Cr (-3.3% QoQ, -3.7% YoY) vs QoQ Rs. 54.8 Cr, YoY Rs. 55 Cr
EBITDA Margin came at 13.7% vs QoQ 13.7%, YoY 13.6%
Adj. PAT came at Rs. 28.5 Cr vs QoQ Rs. 27.8 Cr, YoY Rs. 27.6 Cr
Quarter EPS is Rs. 6.6
Stock is trading at P/E of 18.8x TTM EPS
1,927
NIRMAL BANG OFFICIAL

18 Oct, 09:31

*Hindustan Zinc Ltd.* | *CMP* Rs. 513 | *M Cap* Rs. 216548 Cr | *52 W H/L* 808/285
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 8242 Cr (1.4% QoQ, 21.3% YoY) vs expectation of Rs. 7929.2 Cr, QoQ Rs. 8130 Cr, YoY Rs. 6792 Cr
EBIDTA came at Rs. 4104 Cr (3.9% QoQ, 30.7% YoY) vs expectation of Rs. 4065.5 Cr, QoQ Rs. 3951 Cr, YoY Rs. 3139 Cr
EBITDA Margin came at 49.8% vs expectation of 51.3%, QoQ 48.6%, YoY 46.2%
Adj. PAT came at Rs. 2381 Cr vs expectation of Rs. 2259.6 Cr, QoQ Rs. 2358 Cr, YoY Rs. 1737 Cr
Quarter EPS is Rs. 5.6
Stock is trading at EV/EBITDA of 12.7x FY26E EBITDA
1,737
NIRMAL BANG OFFICIAL

18 Oct, 09:08

1-2 Days Technical Call Buy SYRMA above 412 with SL 398 Target 445 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang)
1,738
NIRMAL BANG OFFICIAL

18 Oct, 08:55

1-2 DAYS Technical Call Buy BLAL above 245 with Stop Loss 239 Target 260 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang). 
1,726
NIRMAL BANG OFFICIAL

18 Oct, 08:42

1-2 DAYS Technical Buy Call Book Partial Profits in ONMOBILE at 89.30-90, Target 95, Buy Call initiated at 87 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang).
1,769
NIRMAL BANG OFFICIAL

18 Oct, 08:20

1-2 DAYS Technical Call Buy ONMOBILE above 87 with Stop Loss 84 Target 95 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang). 
1,737
NIRMAL BANG OFFICIAL

18 Oct, 08:01

1-2 DAYS Technical Buy Call Book Partial Profits in DCW at 106-107, Target 110, Buy Call initiated at 103 (ANALYST AYUSH).  Visit our website for disclosure. (Nirmal Bang).
1,812
NIRMAL BANG OFFICIAL

18 Oct, 07:40

*Elecon Engineering Company Ltd.* | *CMP* Rs. 658 | *M Cap* Rs. 14766 Cr | *52 W H/L* 720/357
(Nirmal Bang Retail Research)
*Result declining*
Revenue from Operations came at Rs. 508.1 Cr (29.5% QoQ, 4.8% YoY) vs QoQ Rs. 392.4 Cr, YoY Rs. 484.9 Cr
EBIDTA came at Rs. 112.3 Cr (21.6% QoQ, -5.4% YoY) vs QoQ Rs. 92.4 Cr, YoY Rs. 118.7 Cr
EBITDA Margin came at 22.1% vs QoQ 23.5%, YoY 24.5%
Adj. PAT came at Rs. 87.7 Cr vs QoQ Rs. 73.4 Cr, YoY Rs. 88.6 Cr
Quarter EPS is Rs. 3.9
Stock is trading at P/E of 18.8x FY26E EPS
1,883
NIRMAL BANG OFFICIAL

18 Oct, 07:31

*Aether Industries Ltd.* | *CMP* Rs. 933 | *M Cap* Rs. 12369 Cr | *52 W H/L* 1071/762
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 198.8 Cr (10.4% QoQ, 21.1% YoY) vs QoQ Rs. 180 Cr, YoY Rs. 164.2 Cr
EBIDTA came at Rs. 53.6 Cr (24.3% QoQ, 16.7% YoY) vs QoQ Rs. 43.2 Cr, YoY Rs. 46 Cr
EBITDA Margin came at 27% vs QoQ 24%, YoY 28%
Adj. PAT came at Rs. 38.1 Cr vs QoQ Rs. 32.9 Cr, YoY Rs. 36.7 Cr
Quarter EPS is Rs. 2.9
Stock is trading at P/E of 55.9x FY26E EPS
1,738
NIRMAL BANG OFFICIAL

18 Oct, 07:27

AJMERA REALTY & INFRA INDIA: CO ISSUED 7.59 LAKHS SHARES TO MUKUL MAHAVIR AGRAWAL AT AN ISSUE PRICE OF RS.711

GRANULES INDIA: CO ANNOUNCES ANDA APPROVAL FOR BUPROPION HYDROCHLORIDE EXTENDED-RELEASE TABLETS
1,778
NIRMAL BANG OFFICIAL

18 Oct, 07:18

AJMERA REALTY ALLOTTED PREF SHARES TO MUKUL AGRAWAL
1,761
NIRMAL BANG OFFICIAL

18 Oct, 07:04

Intraday Derivatives Call Buy NIFTY 24OCT 25000CE above 92.5 with SL 70 Target 125(ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang). 
1,703
NIRMAL BANG OFFICIAL

18 Oct, 06:17

BUY ALUMINIUM AT 237-236.70 SL BELOW 235 TARGET 240

BUY LEAD AT 183.20 -183 SL BELOW 181.30 TARGET 186
1,871
NIRMAL BANG OFFICIAL

18 Oct, 06:07

Plant Capacity 3200 TDP
1,876
NIRMAL BANG OFFICIAL

18 Oct, 06:04

BOOK PARTIAL PROFIT IN COPPER BUY CALL AT 823.75
1,803
NIRMAL BANG OFFICIAL

18 Oct, 06:04

STEEL AUTHORITY OF INDIA: MINISTRY OF NEW AND RENEWABLE ENERGY HAS SANCTIONED TOTAL THREE PILOT PROJECTS IN THE STEEL SECTOR, MATRIX GAS AND RENEWABLES LTD , SIMPLEX CASTINGS AND CO
1,767
NIRMAL BANG OFFICIAL

18 Oct, 05:43

BUY CRUDE OIL 5950 CE BUY AT 275 SL BELOW 230 TARGET 350
1,785

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