STOCK MARKET NEWS UPDATES

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STOCK MARKET NEWS UPDATES (English)

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STOCK MARKET NEWS UPDATES

14 Jan, 04:53

MACQUARIE ON REC, PFC

MAINTAINS OUTPERFORM RATING

REC : TARGET 700
PFC ; TARGET 660

Likely driver of weak PFC/REC stock performance

Growth outlook stable: REC 15% YoY, PFC 13% YoY

STOCK MARKET NEWS UPDATES

14 Jan, 04:33

HCL TECH CEO Says Q4 Should See Broad-based Growth (Ex Of Retail CPG), Positive About An All-round Growth In Q4 - CNBCTV18

Expect Q4 Margin To Be Slightly Lower Than Q3

Discretionary Demand Is Definitely Better Vs 3 Months Back

Expect A Loss Of $30 Million In Q4 Due Retail CPG Deal Coming To An End

Senior Level Wage Hikes Will Impact Margin By 50-60 bps In Q4

STOCK MARKET NEWS UPDATES

14 Jan, 04:32

CITI Analyst Says Valuations For Large Caps Have Moderated To 5 Year Averages - CNBCTV18

See 12-13% Upside In The Market From Current Levels

From A Valuation & Growth Perspective, Large Caps Look Better Vs SMID

We Should Revert Back To Usual Growth Rate After Temporary Headwinds Are Behind Us

Market Will Focus On Sectors With Growth Visibility And Reasonable Valuations

STOCK MARKET NEWS UPDATES

14 Jan, 04:30

JSWEnergy’s acqn of KSK Mahanadi Power positive for creditors, PFC & REC amongst major creditors

As per KSK’s disclosure on Nov 11, 2024, balance outstanding to major creditors at:

▶️PFC: ₹3,428 cr
▶️REC: ₹2,727 cr

STOCK MARKET NEWS UPDATES

14 Jan, 04:29

JEFFERIES ON HOSPITALS

Max Healthcare - Maintain Buy, target price ₹1380 (from 1250)

Best sector exposure through brownfield bed additions

Max Health plans to expand bed capacity by over 50% in 2-3 years

Average Revenue Per Bed expected to grow mid- single digits in FY26

Potential to deliver 20%+ EBITDA CAGR for FY25-

TOP PICKS: MAX HEALTH AND FORTIS

STOCK MARKET NEWS UPDATES

14 Jan, 04:28

Motilal Oswal on BSE

Top Pick 2025

Maintain Buy, TP 6500

BSE has successfully captured over ~29% of the notional options turnover (Dec'24),

Aided by product innovation, an increase in member participation, and lesser impact of regulatory changes compared to NSE.

Has witnessed improvement in premium ADTO (9% absolute growth in Dec'24),

Change in Sensex expiry day from Friday to Tuesday will also boost BSE's market share

The scale-up of co-location servers will bring in high-frequency traders

Expect BSE to register a CAGR of 44%/74%/74% in revenue/EBITDA/PAT during FY24-27E

STOCK MARKET NEWS UPDATES

09 Jan, 03:54

CLSA on Telecom
2025 outlook

Bharti Airtel, top pick,

Indus Towers, at 5.6x EV/Ebitda, offers deep value

With 15% data revenue Cagr for TCOM, have O-PF rating

Hold on Sterlite & Hexacom & U-PF on VIdea. 239 07:57 AM

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STOCK MARKET NEWS UPDATES

09 Jan, 03:54

Nomura on Cement

Stick with the leaders

Buy on Ultratech (TP Rs 12800)

Ambuja (TP Rs 690) & Ramco (TP Rs 1060)

Downgrade Shree Cement to Neutral, 28000

Downgrade ACC to Reduce, TP 1920

Downgrade Nuvoco to Reduce, TP Rs 330

Maintain Reduce on Dalmia Bharat, TP of Rs 1680

178

STOCK MARKET NEWS UPDATES

09 Jan, 03:53

Nomura on Tata Motors
Buy, TP Rs 990

JLR's retail vol down 3% y-y while wholesale vol up 3% y-y for 3QFY25

Est +ve FCF of GBP 250mn in 3Q led by higher volume at 104k units, +3% y-y

Est TTMT will move from net debt of Rs 220bn (Rs 60/sh) in 2Q to net cash of Rs 86/sh by FY27F

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STOCK MARKET NEWS UPDATES

08 Jan, 09:54

TCS Q3 RESULT ESTIMATES QOQ - ETNOW

NET PROFIT UP 4.8 % TO 12,490 CR

REVENUE UP 0.7 % TO 64,750 CR

$ REVENUE FLAT AT $ 7.67 BN

EBIT FLAT AT 15,465 CR

MARGINS AT 24.4 % V 24.05 %

0.2 % CC GROWTH

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STOCK MARKET NEWS UPDATES

08 Jan, 09:43

RAIL STOCKS ; The Total Capex for railways in Budget Estimate 2024-25 is 2,65,200 cr with Gross Budgetary Support of Rs. 2,52,200 crores ; Railway

Out of it, Rs. 192446 crores have already been spent.

For rolling stock, the budgetary provision was for Rs. 50,903 crores. Out of it, Rs. 40, 367 crores were spent by 5th January, which is 79% of the budget, allotted for rolling stock.

In Safety related works, out of budgetary allocation of Rs.34,412 crore, the amount spent is Rs. 28,281, which is 82 percent of the allocated amount.

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STOCK MARKET NEWS UPDATES

08 Jan, 09:43

DIXON TECH ; Foxconn, Dixon Urge India to Pay Pending Production Subsidies - BLOOMBERG

Firms see themselves as being entitled for billions of rupees ( ₹ 100 Cr)

Government is reviewing companies' request for more funds

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STOCK MARKET NEWS UPDATES

08 Jan, 08:16

SWIGGY: Swiggy Testing New 15-min Food Delivery App 'Snacc By Swiggy - CNBCTV18

Snacc By Swiggy Being Piloted In Select Pincodes In Bengaluru

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STOCK MARKET NEWS UPDATES

08 Jan, 05:57

CLSA ON CEMENT

DALMIA BHARAT-Upgrade to Overweight from Hold, TP 2110 (from 1835)

ACC-Upgrade to Overweight from Hold, TP 2580 (from 2500)

Earnings visibility improving, pockets of opportunity arise

We turn constructive on the sector as we see incrementally better earnings visibility in CY25.

Expect demand upcycle to resume as several levers start contributing.

With profitability at a multi-quarter low, we now expect companies to be relatively more disciplined in competition

147

STOCK MARKET NEWS UPDATES

08 Jan, 05:56

Nomura Says Strong loan growth, record number of customers highlight healthy growth for Bajaj Fin - CNBCTV18

Credit cost will soon peak out for NBFCs

Unsecured loan growth has declined for NBFCs

If Bajaj Fin's credit cost for FY25 comes near guidance, stock will re- rate

Lenders have taken corrective steps in credit card business

127

STOCK MARKET NEWS UPDATES

08 Jan, 05:55

L&T : WINS RS 1000-2500 CR RANGE ORDER

L&T Heavy Engineering wins major Q3 FY25 orders across global and domestic markets

USA: Secured LNG equipment order for a key project, highlighting its leadership in heavy engineering.

Turkey: Bagged a breakthrough order for a loop reactor in a PDH PP plant, showcasing petrochemical expertise.

Saudi Arabia: Won a repeat order for an FCCU revamp project, reaffirming its reliability in brownfield EPC projects.

Kuwait: Gained a hydrocracker reactors and heat exchangers order.

India: Secured three urea reactor orders, cementing its dominance in fertilizer equipment.

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STOCK MARKET NEWS UPDATES

07 Jan, 09:43

Sources Says Govt Considering Tinkering In Personal Income Tax Slabs

New Tax Regime For Individuals Could Be Modified In The Upcoming Budget - NDTV PROFIT

Govt Examining Possibility Of Reducing Tax Rates For Income Up To 10 Lk

Budget To Focus On Increasing Disposable Income For Taxpayers - NDTV PROFIT

126

STOCK MARKET NEWS UPDATES

07 Jan, 07:07

TATA CHEMICALS, TATA STOCKS; Sources Says Tata Sons said to mull legal option to avoid listing shares - ETNOW

Tata Sons facing RBI rule deadline of September for listing its equity shares

According to RBI rules, Tata Sons classified as one of the upper-layer NBFCs

Last year, RBI had declined Tata Sons' request to seek an exemption from listing equity

RBI had guided that Tata Sons must adhere to the upper-layer NBFC rules

In September 2022, RBI said upper layer NBFCs need to list within a period of three years

RBI remains firm on its position about mandatory listing for upper layer NBFCs

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STOCK MARKET NEWS UPDATES

07 Jan, 04:06

JEFFERIES ON CONSUMER STAPPLES

HUL ; BUY RATING , TARGET 3175

NESTLE ; HOLD RATING , TARGET 2350

BRITANNIA IND ; BUY , TARGET 5710

GODREJ CONSUMER; BUY , TARGET 1425

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STOCK MARKET NEWS UPDATES

07 Jan, 04:05

UTKARSH SFB Q3 BIZ UPDATE

Highest decline in collection efficiency amongst lenders

Collection efficiency at 87.7% vs 92.3%QOQ

Deposits at Rs20172cr, up 33.5%YOY & 3.5%QOQ

CASA at Rs3973cr, up 31.7%YOY & 4%QOQ

CASA ratio at 19.7% vs 19.96%YOY & vs 19.59%QOQ

Retail term deposits at Rs10163cr, up 40.6%YOY & 6.8%QOQ

Bulk deposits at Rs6036cr, up 24%YOY & down 2%QOQ

Loans at Rs19057cr, up 16.15%YOY & down 0.23%QOQ

Credit-deposit ratio at 94.5% vs 108.6%YOY & vs 98%QOQ

Liquidity coverage ratio at 184% vs 180%QOQ

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STOCK MARKET NEWS UPDATES

07 Jan, 04:05

JEFFERIES ON BRITANNIA

Jefferies Upgrade to Buy from Hold; Hike TP to Rs 5710 from Rs 5620

Clear focus on growth over margins

Evident with HSD volume growth in past two quarters

Reasonable valuations; risk reward favourable

Currently trades at 47x 1-yr fwd PE is lower than its 5-yr average

112

STOCK MARKET NEWS UPDATES

07 Jan, 03:58

AUTO ; Retail auto sales rose by nearly 10% in 2024 Says FADA

Overall retail declined by 12.4% YoY in Dec 24

2W sales down 17.6%in Dec;, 3W sales down 4.5% in Dec 24 YoY

PV sales moderated 1.9% YoY ; CV sales down 5.2% and facing de-growth

Only Tractor showed a 25.7% YoY jump

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STOCK MARKET NEWS UPDATES

07 Jan, 03:57

Citi initiates Tactical Buy ON DLF

Open a 90-day positive catalyst watch

Expect DLF to report strong pre-sales in Q3

DLF Dahlias launch will likely provide comfort on FY25 pre- sales guidance

New launches are likely to happen in the latter half of Q4

This will likely provide comfort to FY26 pre-sales guidance

106

STOCK MARKET NEWS UPDATES

06 Jan, 08:54

AARTI DRUGS Says Growth Will Be Flattish In FY25 Vs Previous Guidance Of 7%

Based On The Current API Price, Co Is Looking To Achieve ₹4,000 Cr Rev By FY27

API Prices Have Been Declining In The Last Few Qtrs - CNBCTV18

API Prices Have Remained Flat QoQ In Dec Qtr, There Is A -Ve Price Variance YoY

Based On The Current API Price, Co Is Looking To Achieve ₹4,000 Cr Rev By FY27

Foresee 12-13% EBITDA Margin In FY25

129

STOCK MARKET NEWS UPDATES

03 Jan, 04:36

Morgan Stanley on Tata Elxsi

Maintain Underweight with TP of Rs 6500

Tactical SELL idea

Believe the share price will fall over the next 60 days

Incrementally high exposure to European autos with emerging industry weakness should be viewed with caution

Growth visibility in media looks low to us in view of industry-specific challenges

Management expectations of better H2 margins might not hold up as well

100

STOCK MARKET NEWS UPDATES

03 Jan, 04:36

EMKAY ON POWER FINANCIERS

Initiate coverage with a BUY

PFC with Dec-25E TP of Rs600 REC with Dec-25E TP of Rs650

With planned capex of over Rs 33lk cr during FY23-32 in Generation, Transmission, and Distribution

Lessons learnt from the previous cycle

Clean of past baggage seen

Valuations, despite being higher than the long-term median of 0.7x, remain palatable for the growth and profitability profile

The controlled upcycle in power capex and lending is here to stay

STOCK MARKET NEWS UPDATES

03 Jan, 04:02

IGL and MGL In Focus - ETNOW

Govt has asked ONGC/GAIL to divert 0.6 mmscmd each from their quota of Shrinkage/ LPG to CGD

All future new well gas and gas marked to oil prices not to be auctioned

It will be given to CGD on proportion basis to their volume

Alert

IGL will get the highest allocation here owing to higher market share

This will reduce CGDs dependence on gas from spot market

STOCK MARKET NEWS UPDATES

03 Jan, 04:02

IDBI CAPITAL ON CHEMICALS

Majority of the chemicals exhibited a mixed picture in terms of pricing on MoM basis in Dec-24.

The pricing trend for most chemicals remained flat to positive supported by a ~3% increase in crude prices in Dec-24.

We expect prices to remain range bound for the near term, post the highs seen in the Covid era.

Select pockets/therapies in the pharma sector are seeing healthy growth.

Companies which are moving higher up the value chain in terms of scale and complexity stand to benefit immensely from a longer term perspective.

Ami Organics remains one of our preferred names on the back of rich expertise in manufacturing of

Advanced Pharma Intermediates and upcoming capex ramp up of the Ankleshwar unit. We are also positive on Neogen Chemicals owing to its deep bromination expertise and strong first mover advantage into battery chemicals.

STOCK MARKET NEWS UPDATES

02 Jan, 09:24

FORCE MOTORS ; ORDER WIN

Company has received an order for supply of 2429 units of BSVI Diesel Ambulance to Medical Health and Family Welfare Department Uttar Pradesh

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STOCK MARKET NEWS UPDATES

02 Jan, 08:02

TVS MOTORS DEC SALES
Total: Up 8% (312,002 units in Dec 2024 vs. 290,064 in Dec 2023).

Domestic: Steady at 215,075 units (214,988 in Dec 2023).

Motorcycles: Down 2% (144,811 units in Dec 2024 vs. 148,049 in Dec 2023).

Scooters: Up 30% (133,919 units in Dec 2024 vs. 103,167 in Dec 2023).

Electric Vehicles sales Up 79% (20,171 units in Dec 2024 vs. 11,288 in Dec 2023).

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STOCK MARKET NEWS UPDATES

02 Jan, 07:30

Eicher Motors Royal Enfield

as Total Royal Enfield Sales At 79,466 Units Vs CNBC-TV18 Poll Of 73,333 Units

ag Total Royal Enfield Sales Up 25 % At 79,466 Units Vs 63,387 Units (YoY)

as Total Exports Up 90% At 11,575 Units Vs 6,096 Units (YoY)

8sDomestic Sales Up 19% At 67,891 Units Vs 57,291 Units YoY)

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STOCK MARKET NEWS UPDATES

02 Jan, 04:45

RAKESH SHARMA, BAJAJ AUTO

. December was as per our expectations

. We use December month to correct the stock

. Motorcycle industry should see 6-8% growth in Q4

. Upper-end segment in bike continues to do well

. Today, LatAM is twice the size of Africa

. Volumes for freedom CNG bike declined, 6,000-9,000 units of retails done -CNBCTV18

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STOCK MARKET NEWS UPDATES

02 Jan, 04:44

Partho Banerjee Maruti Suzuki

. All product segments fired on all cylinders in December

. Monthly household incomes are not increasing in-line with vehicle costs

. Dealer network stock is for just 9 days; we have over 2 lakh pending bookings

. Will showcase plans for an entire EV ecosystem at Bharat Mobility Global Expo

. Will remain technology agnostic to maintain market share

STOCK MARKET NEWS UPDATES

02 Jan, 04:37

INFO EDGE MNGMT SAYS Non-IT Business Continues To Do Well

IT Hiring Is Back To Growing In Close To Double Digit

Things Are Starting To Improve For Entry-Level Hiring

IT Revenue Growth Was Flattish In Past 2-3 Years Impacting Overall Performance

Demand For Talent Is Picking Up For Entry Level - 5-6 Lk/Per Annum Category

STOCK MARKET NEWS UPDATES

02 Jan, 04:37

CITI on Bajaj Auto
Sell, TP Rs 7800

Overall 2W volumes declined 4%YoY (-26%MoM).

Domestic 3W volumes picked up 5%YoY (-8%MoM).

Export 3W volumes were better, rising 50%YoY (3%MoM).
Overall 3W volumes rose 16%YoY (-5%MoM).

STOCK MARKET NEWS UPDATES

02 Jan, 04:37

CITI ON BAJAJ FINANCE

90 day positive catalyst watch; maintains Buy with target of ₹8,150/sh

Expecting loan growth stability, positive NIM bias (3-5 bps)

Marginal rise in credit cost expected to 2.2-2.5%

AUM growth of 6% QoQ/27% YoY

Support coming from mortgage financing, sales financing, new business

Management transition update will be critical

STOCK MARKET NEWS UPDATES

02 Jan, 03:59

RELIANCE IND ;RJio readying up to 40,000 cr IPO with $120 billion valuation - BUSINESS LINE

Preliminary talks have already started for a pre-IPO placement, say the sources

STOCK MARKET NEWS UPDATES

02 Jan, 03:46

CITI ON MARUTI

MAINTAIN BUY , TARGET: 13,500

Reported A Strong 24% YoY Growth In Domestic Volumes Ex Of Sales To Toyota

Positively Surprised By 29% YoY Growth In Small Cars

Overall December Volumes Were Up 30% YoY

Strong Dec Print Alludes That There Was No Extraordinary Inventory Build-up During Festive Season

STOCK MARKET NEWS UPDATES

02 Jan, 03:46

CITI on M&M

Buy, TP Rs 3520

M&M continued with the volume momentum that has been visible over most of 2024.

Domestic UV volumes were up 18%YoY (-10%MoM), reflecting incremental volumes of the new models (3XO, Thar Roxx)

Tractors too remained strong, with domestic vol up 22%YoY

STOCK MARKET NEWS UPDATES

02 Jan, 03:45

SBI

Business pace slows down

Deposits at Rs105378cr, up 6.3%YOY & down 0.07%QOQ

CASA at Rs32831cr, up 4.1%YOY & down 2.24%QOQ

CASA ratio at 31.16% vs 31.8%YOY & vs 31.85%QOQ

Advances at Rs86965cr, up 11.94%YOY & 2.66%QOQ

CD ratio at 82.53% vs 78.35%YOY & vs 80.33%QOQ

STOCK MARKET NEWS UPDATES

02 Jan, 03:44

CITI ON BANKS

Expect Slowdown In Credit Growth To 2-3% QoQ

Q3 Slippages To Rise; Expect Credit Cost To Be Elevated

Rate 'Buy' On Indusind Bank With Target Price Of 1,378 (43% Upside)

Rate 'Buy' On RBL Bank With Target Price Of 205 (29% Upside )

STOCK MARKET NEWS UPDATES

31 Dec, 03:57

ITC HOTEL DEMERGER

Record date and ex-date set on January 6, 2025

Hotels arm of ITC will receive 1,500 cr in cash and cash equivalent at the time of demerger

ITC Hotels to be listed within 60 days of December 16 NCLT order

Appointed date and effective date of the scheme to be January 1, 2025

ITC has announced that shareholders will receive one share of ITC Hotels for every 10 shares they hold in ITC.

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STOCK MARKET NEWS UPDATES

27 Nov, 09:59

Nuvama Upgrades Wipro's Rating To 'Buy' % From 'Hold' Earlier

Raises Wipro's Target Price To ₹700 From ₹520 Earlier

STOCK MARKET NEWS UPDATES

27 Nov, 09:48

DEALING ROOM CHECK - CNBCTV18

Market at day's high backed by FII buying

Broader market continues to outperform

Profit booking in select pharma stocks

SUDARSHAN CHEMICALS; Dealing Room Check Says Promoter entity likely seller & clutch of HNIs buyers
Note; 3 % Equity exchanged today

MSTC ; Dealing Room Check Says Buy flows at HNI desk - CNBCTV18
Leading HNI investor active buyer

COAL INDIA ; Dealing Room Check says Selling pressure from a leading US-based fund largely over - CNBCTV18

ICICI BANK ; Dealing Room Check Says Strong buy flows at FII desk
Expect high delivery volumes - CNBCTV18

STOCK MARKET NEWS UPDATES

27 Nov, 09:10

GAS STOCKS ; Sources Says Natural Gas & ATF To Be Under GST In A Graded Manner -ETNOW

Major states, including Maharashtra & Gujarat have agreed on the proposal

Oil Ministry has provided additional data to the Finance Ministry on the impact

STOCK MARKET NEWS UPDATES

27 Nov, 08:30

Mahindra Lifespace Management Says FY28 booking guidance at ₹8,000-10,000 cr ( Intact )

₹45,000 cr of cumulative GDV

Planned funding of ₹7,000 cr

Estimated cashflows of ₹6,061 cr

STOCK MARKET NEWS UPDATES

27 Nov, 07:59

SBI ; SBI CELEBRATES RAISING OF ₹50,000 CRORE DOMESTIC
BONDS DURING FY25

The country's largest lender has raised ₹50,000 crore in FY25 through oversubscribed AT1, Tier 2, and Long-Term Bonds, attracting diverse investors like provident funds, insurance companies, and banks.

STOCK MARKET NEWS UPDATES

27 Nov, 06:51

POSITIVE FOR HUL

COMPANY HAS TAKEN 5% PRICE HIKES ACROSS KEY BRANDS

5% HIKE FOR LUX & LIFEBUOY, COMPANY HAS ALSO REDUCE GRAMMAGE

KEY MOVE TO HELP PROTECT MARGINS

STOCK MARKET NEWS UPDATES

27 Nov, 06:17

NTPC GREEN Management Says Co Earns ₹65 Lk EBITDA/MW In Solar Segment

To Add 3 GW, 5GW, 8GW Capacity In FY25, FY26, FY27 Respectively

Co Incurs ₹5 Cr Capex/MW For Solar And ₹8 Cr Capex/MW For Wind

Started Bidding Process In Battery Energy Storage Space

Green Hydrogen Plans To Take 4-5 Years

To Incur Capex In Battery & Pumped Storage System In The Future

Latest MoU With Chhattisgarh For 2 GW, Which Could Grow Till 10 GW

With States Of Rajasthan, Maharashtra & Andhra To Help With Growth

STOCK MARKET NEWS UPDATES

27 Nov, 06:16

NMDC : Govt To launch the first-ever auction of mineral blocks in the offshore areas of India on Nov 28

First tranche of auction includes 13 mineral blocks

These mineral blocks are mixed of construction sand, limemud and polymetallic nodules

STOCK MARKET NEWS UPDATES

27 Nov, 05:58

CYIENT DLM ; HDFC MF BUYS ADDITIONAL 2.19 % STAKE ON 22 NOV VIA OPEN MARKET

STAKE INCREASED TO 9.85 % FROM 7.66 % EARLIER

STOCK MARKET NEWS UPDATES

27 Nov, 05:57

IGL ; HDFC MF BUYS ADDITIONAL 0.07 % STAKE ON 22 NOV VIA OPEN MARKET

STAKE INCREASED TO 5.01 % FROM 4.94 % EARLIER

STOCK MARKET NEWS UPDATES

27 Nov, 05:57

Citi On Ola Electric

Initiate Coverage With A Buy Call, Target At ₹90/Sh

Target Price Is Based On 4xFY26e EV/Sales

Profitability To Improve As Capacity Utilisation Increases

Preference Order Within The 2w Space Now:
Eicher>Hero>Ola>Bajaj Auto>TVS

STOCK MARKET NEWS UPDATES

27 Nov, 05:56

NTPC GREEN Says 13,000-16,000 MW Of Solar & Wind Projects Are Under Execution

Funding For Us Will Be On The Most Optimum Price

Signed MOU w/Chattisgarh State Power yesterday, will be completed within 18-20 months

Huge line up for capacity addition going

Will Commission 5,000 MW Of Projects By FY26

Will be commissioning 19000 MW by 2027

Need 1 Lk Crore Capex Till 2028

Plans To Add 3 GW, 5 GW, 8 GW Over 3 Years

Need 1 Lk Crore Capex Till 2028

Working on commissioning various projects at the moment

STOCK MARKET NEWS UPDATES

27 Nov, 04:56

Morgan Stanley Says Fiscal Deficit Forecast For FY26 Is At 6.5%

FY26 GDP Forecast Is At 6.5%

Not Assuming Tariff Hikes For India

If We See Tariff Hikes In India; There Could Be More Downside

Fundamentals & Forex Reserves Are Well Positioned For Rupee

December & January Inflation Numbers Could Be At 4.8%

Expect Rate Cut From RBI In April 2025

STOCK MARKET NEWS UPDATES

27 Nov, 04:46

IGL seems to have bottomed out, as per multiple brokerages

Multiple analysts after factoring the impacct of couple of cuts in APM gas allocation, see value in IGL, given the sharper than expected fall

Consensus Target at Rs 412

ICICI Sec – Upgrade to Buy from Add; TP at Rs 412 – 29% upside

Axis Cap – Maintain Add; TP at Rs 360 – 12.5% upside

Morgan Stanley – Maintain Overweight; TP at Rs 373 – 16.6% upside

Citi – Maintain Buy; TP at Rs 525 – 64% upside

STOCK MARKET NEWS UPDATES

27 Nov, 04:26

NILESH SHAH KOTAK AMC

This is a market where quality will outperform momentum, high floating stocks will outperform low floating stocks

Asset allocation key in such volatile times

Festive season has begun on a reasonably good note, apparel sales have been strong

Expect growth to be better in H2FY25 than H1FY25

Focus on land, labour, farm, judicial crucial if India wants to grow in double digit

Investors should moderate their return expectations

Should not expect the kind of returns we have seen in the last 3-5 years'

Every dip should be used as an opportunity to buy

Positive on gold, silver with a 3-5 year standpoint

Private banks trading below historical averages

Pharma, IT trading around historical averages

STOCK MARKET NEWS UPDATES

27 Nov, 03:49

JPM on LTMindtree
OW, TP Rs 6900

Analyst days takeaways
1) Discretionary spends are still missing in action
2) Growth needs to accelerate to expand margins to 17-18%,
3) $10bn rev target
4) Al strategy is to embed
5) Large deal pipeline strong
6) Launched Project North Star

STOCK MARKET NEWS UPDATES

27 Nov, 03:48

MS on LTMindtree
OW, TP Rs 7050

Analyst Day Takeaways
Key highlights
a) discretionary spending still elusive,
b) sales engine showing decent momentum
c) strategic change in delivery model to embrace Gen Al;
d) margin aspirations of 17-18% at US$10bn revenue scale

STOCK MARKET NEWS UPDATES

27 Nov, 03:48

BROKERAGES ON M&M

. Macquarie: Strong BEV model launch at attractive pricing

. Nomura: M&M has addressed the shortcomings of an EV in India; believe M&M products are better than global competition in many respects

. Jefferies: Found the vehicles well-

designed, feature-rich, attractively priced, and likely to provide a compelling proposition to customers

STOCK MARKET NEWS UPDATES

27 Nov, 03:47

MORGAN STANLEY ON HYUNDAI MOTOR

. Initiate Overweight with target price of Rs 2418

. Demand and model cycle to turn favorably

. New capacity addition, market revival and product action to drive FY26/27 growth

. With support from its parent, Hyundai is also well placed in SUVs and EVs/HEVs

. With a FY27 P/E of 19x against an India OEM (ex Tata) average of 22x, valuation is attractive

STOCK MARKET NEWS UPDATES

22 Nov, 06:43

Three BofA India Bankers Leave Amid Probe on Stock Offerings - BLOOMBERG

Authorities are probing Aditya Birla Capital and Sun Life India's $178M share sale in Aditya Birla Sun Life AMC in March, per IFR.

STOCK MARKET NEWS UPDATES

22 Nov, 05:38

GMR AIRPORTS: PROMOTER BUYS ADDITIONAL 70 K SHARES ON 19,21 NOV

STOCK MARKET NEWS UPDATES

22 Nov, 05:08

India NOV HSBC India Manufacturing PMI At 57.3 V 57.5 In Oct

India NOV HSBC India Services PMI At 59.2 V 58.5 In Oct

STOCK MARKET NEWS UPDATES

22 Nov, 04:41

GRSE, MAZAGON DOCK;, COCHINSHIPYARD: Sources Says Three new shipping sector bills to be introduced in the winter session

Indian Ports Bill may be introduced

Government will introduce Merchant Shipping Bill

Coastal Shipping Bill may be introduced in the session

STOCK MARKET NEWS UPDATES

22 Nov, 04:40

ICICI PRUDENTIAL AMC SAYS Global outflows is the primary reason of the current correction

Nothing big to worry about at this point in time

Valuations continue to remain expensive in mid & small-cap index

Largecaps reasonably priced versus mid & smallcaps

Market valuations are clearly not attractive at this juncture

US needs to handle macros and fiscal deficit well

STOCK MARKET NEWS UPDATES

22 Nov, 04:19

UFO MOVIEZ: Board approved a Securities Purchase Agreement (SPA) on November 22, 2024. The company plans to sell 👇

30,59,950 equity shares (48.11%) of Mukta V N Films Limited

10 equity shares held by each Nominee Shareholder.

2,40,000 share warrants of Mukta.

After the transaction, UFO Moviez will fully exit its equity and warrant holdings in Mukta.

STOCK MARKET NEWS UPDATES

22 Nov, 04:02

Godrej Properties In Focus - big upgrade

Bofa Sees 30% upside

Upgrade to Buy from Neutral; Hike TP to Rs 3600 from Rs 3500

Risk-reward turns attractive after recent correction

Residential cycle is still healthy; GPL is well stocked

Forecast 20%+ bookings CAGR with risks ...

STOCK MARKET NEWS UPDATES

22 Nov, 04:00

S&P ACTION ON ADANI GRP COS

Various Rating Actions Taken On Five Adani Group Entities ON U.S. Indictment

Revise Outlook To Negative On Adani Electricity & Adani Ports

Adani Group's Cashflow Could be Materially Affected If The Allegations Are Proven

Believe Domestic, Some Intl Bks & Bond Mkt Investors Could Set Grp Limits On Exposure To Adani Group

STOCK MARKET NEWS UPDATES

22 Nov, 03:59

BHEL ; BHEL is set to commission 9 GW of thermal power this year, four times its annual average, driven by ₹65,000 crore projects and government support. - ET

STOCK MARKET NEWS UPDATES

22 Nov, 03:59

BLACKBOX, ANANT RAJ, ABB INDIA, HBL POWER ; India's data center industry is poised for 66% growth and $4B investments by 2026, driven by Al, cloud, and 5G adoption. - Et

STOCK MARKET NEWS UPDATES

22 Nov, 03:48

Bernstein on PFC/REC

PFC-REC stocks have been down sharply on news from US SEC around their concerns on Adani Green &Azure (not covered)

Think street is not realizing that loans given by REC to Azure have nothing to do with the project implied in this article

Also, that operating renewable assets are like bonds which can be easily sold off & even underconstruction ones can always be re-purposed for another contract

Continue to be +ve on PFC & REC & see recent correction as an enhanced buying opportunity

STOCK MARKET NEWS UPDATES

22 Nov, 03:47

JEFFERIES ON LOGISTICS

ADANI PORT ; BUY, TARGET 1855

JSW INFRA ; BUY, TARGET 360

DELHIVERY : BUY, TARGET 515

CONCOR : BUY, TARGET 1050

ALLCARGO LOGISTICS; BUY, TARGET 80

GATEWAY DISTIPARK : BUY, TARGET 110

TCI EXPRESS ; BUY, TARGET 1425

GUJARAT PIPAVAV ; UNDERPERFORM, TARGET 135

STOCK MARKET NEWS UPDATES

14 Nov, 09:32

GOVT SOURCES Says No need to worry about current market correction

Govt Confident That Flls Will Come Back

Market correction in normal course

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STOCK MARKET NEWS UPDATES

14 Nov, 08:54

OLA ELECTRIC: Sources Says CCPA Orders Detailed Investigation To DG, BIS - ETNOW

To Investigate Deficiency In Products & Services

Investigation Ordered On Nov 6 To DG, BIS

Sources Says Complaints Forcefully Closed; ; Marked As Addressed

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STOCK MARKET NEWS UPDATES

14 Nov, 08:53

INDIA OCT TRADE DATA

Oct exports at $39.20 bn vs $33.43 bn YoY

Oct imports at $66.34 bn vs $63.86 bn YoY

Oct trade deficit at $27.14 bn vs $30.43 bn YoY

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STOCK MARKET NEWS UPDATES

14 Nov, 04:48

Tata Sons is establishing a holding company for Tata Motors to manage its passenger car and commercial vehicle divisions, which will be demerged into two distinct entities.

This strategic move aims to unlock value and allow for greater focus. The demerger is anticipated to be finalized in the first quarter of 2025-26.

Additionally, the company indicated that it might explore the option of listing its electric vehicle business after the demerger of the passenger and commercial vehicle units.

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STOCK MARKET NEWS UPDATES

14 Nov, 04:41

CLSA Says Believes India's relative underperformance may continue, possibly extending through Q1 of 2025

It could take 6 to 12 months to identify any consistent pattern

Nifty appears to have downside support at 22,800

Any substantial upside seems limited, with no major signs of a breakout at present in Nifty

Caution is advised until clear opportunities emerge

Bitcoin could present a good buying opportunity on any dips, with the global financial space also showing promise

Crude oil is expected to remain range-bound, with strong support around $70

In the banking sector, private banks could make a comeback, with HDFC Bank looking particularly interesting

Sectors like autos, consumer goods, and real estate are currently in a correction phase, and this trend is likely to continue

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STOCK MARKET NEWS UPDATES

14 Nov, 04:32

HAPPIEST MINDS Says We Have Our Task Cut Out To Achieve Revenue Guidance Of 30-35% For FY25

H1 Margin At 22.7% Is Well Ahead Of Guidance Of 20-22%

Earlier Happiest Minds Technologies forecasted 35-40% revenue growth for FY25

HAPPIEST MINDS CUTS FY25 REVENUE GUIDANCE

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STOCK MARKET NEWS UPDATES

14 Nov, 04:27

GOLDMAN SACHS Says Clients Are Overwhelmed By Opportunity In India - CNBC-TV18

This May Not Be India's Decade But India's Century

Natural Cycle Of Profit Taking As India Was Trading At 22-23x Forward, Earnings Led To A Pullback

Need To Separate Near-term & Long-term Opportunities

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STOCK MARKET NEWS UPDATES

14 Nov, 04:19

Jefferies On Eicher

Retain Buy Call, target At '5,500/Sh

Royal Enfield Volumes Are Showing Signs Of Pick-up

Royal Enfield Should Be A Key Beneficiary Of 2W Premiumisation

Toughest Phase Of Competition Is Behind

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STOCK MARKET NEWS UPDATES

14 Nov, 04:19

ASHISHKUMAR CHAUHAN NSE

Whenever There Has Been More Compliance, More Investors Have Come To The Market

Getting Stocks In The F&O Segment Is Based On An Algorithm And It Is Rule Based

Today We Are Doing 30,000 Trades A Day

STOCK MARKET NEWS UPDATES

14 Nov, 03:44

JEFFERIES ON PI IND

(CMP: 4,446)
MAINTAIN BUY
TARGET: 5,100

CSM Exports Saw Double-digit Revenue Growth

Domestic Revenue In-line While Pharma Slightly Ahead

Mgmt Lowered FY25 Rev Growth Guidance To High-single Digit

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STOCK MARKET NEWS UPDATES

14 Nov, 03:44

JEFFERIES ON EICHER

(CMP: 4,859)
RETAIN BUY
TARGET: 5,500

Q2 EBITDA Flat YoY, But 8% Below Est On Lower-than-expected RE Margin

RE Volumes Are Showing Signs Of Pick-up

RE Should Be A Key Beneficiary Of 2W Premiumisation

Toughest Phase Of Competition Is Behind

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STOCK MARKET NEWS UPDATES

13 Nov, 09:41

CLSA Analyst Says Market Has Digested The Earnings Decline, FII Selling With Little Damage

Govt Needs To Spend At 14% YoY To Reach Budget Target

With $ Rising After Trump 2.0 It Is Going To Be Tough To Get EM Inflows

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STOCK MARKET NEWS UPDATES

13 Nov, 03:45

KALPATARU PROJECTS: CO WINS ORDER WORTH 2,273 CR RUPEES

KALPATARU PROJECTS: CO MD SAYS WITH THESE ORDERS, CO'S YTD ORDER INFLOW STANDS AT APPROX. RUPEES 14,100 CR, NEARLY 56% OF ORDER INTAKE TILL DATE IS FROM CO T&D BUSINESS

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STOCK MARKET NEWS UPDATES

13 Nov, 03:40

MACQUARIE ON ZOMATO

Maintain Underperform; Hike target price to Rs 130 from Rs 100

Hyper growth meets hyper competition

Revisit the fundamental building blocks of our growth and unit economics for Blinkit Quick Commerce and Zomato Food Delivery

Cut our earnings estimates and note downside risks to consensus

Raise target price to Rs130 on a lower discount rate assumption

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STOCK MARKET NEWS UPDATES

13 Nov, 03:39

MACQUARIE ON SWIGGY

Initiate Underperform with target price of Rs 325

Long runway, but bumpy winding path to profit

Swiggy, India's number-two consumer app, has a clear path to catch up with leader Zomato

Quick Commerce is more complex, with no sustainable economic profits

Expect Group EBIT breakeven in FY28E even with 23% core revenue CAGR

Swiggy's contribution margin is almost at par with the leader Zomato που

On adjusted EBITDA margin level, the gap is wider due to a smaller GOV base to absorb higher central branding and employee costs

See Swiggy bridging this profitability gap with ~30% higher transacting users

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STOCK MARKET NEWS UPDATES

13 Nov, 03:37

NTPC Green IndiaIPO Price Band Set At ₹102-108/Sh

NTPC Green’s ₹10,000 Cr IPO To Open On Nov 19 And Close On Nov 22

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STOCK MARKET NEWS UPDATES

12 Nov, 09:32

SAMVARDHANA MOTHERSON Q2; NET PROFIT AT 880 CR V 200 CR YOY

REVENUE AT 27811 CR V 23527 CR

EBITDA AT 2447 CR V 1987 CR YOY

MARGINS AT 8.8 % V 8.4 %

SAMVARDHANA MOTHERSON Q2 V ESTIMATES

PROFIT AT 880 CR V EST 910 CR

REVENUE AT 27,812 CR V EST 28,334 CR

EBITDA AT 2447 CR V EST 2691 CR

MARGINS AT 8.8 % V 9.5 %

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STOCK MARKET NEWS UPDATES

18 Oct, 09:12

HINDUSTAN ZINC Q2 ; SL NET PROFIT AT 2298 CR V 1737 CR (ΥΟΥ)

REVENUE AT 8248 CR V 6792 CR (YOY)

EBITDA AT 4123 CR V 3139 CR YOY

MARGINS AT 49.95 % V 46.1 %

Net Profit At ₹2,327 Cr Vs CNBC-TV18 Poll Of ₹2,256 Cr

Revenue At ₹8,252 Cr Vs CNBC-TV18 Poll Of ₹7,979 Cr

EBITDA At ₹4,123 Cr Vs CNBC-TV18 Poll Of ₹3,983 Cr

PROFIT INCLUDES 83 CR EXCEPTIONAL LOSS

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STOCK MARKET NEWS UPDATES

18 Oct, 09:12

GODREJ PROPERTIES CEO Says Co Grew 90% In H1FY25; Maintain Guidance - ETNOW

Godrej Reserve Is The Highest Selling Project In Mumbai

'Reserve' Booked Sales Worth 2,700 Cr In A Day

Will Launch A Few Projects In Mumbai

Polycab recovers from lows, more than 7% off lows

Great Festive Response So Far

Robust Demand in NCR & Bengaluru

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STOCK MARKET NEWS UPDATES

18 Oct, 08:14

MORGAN STANLEY ON CITY GAS PLAYERS

City gas players will raise prices by 5% over next few weeks and months on a calibrated basis

See limited impact for IGL and Gujarat Gas on volume growth medium term

Shift in APM allocation could accelerate the process of bringing gas under GST DODI

Will look to buy the recent underperformance in ONGC, GAIL, Indraspratha Gas and Oil India

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STOCK MARKET NEWS UPDATES

18 Oct, 06:04

GENSOL ENG AND SAIL IN FOCUS

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 WITH PLANT CAPACITY 3200 TPD

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STOCK MARKET NEWS UPDATES

18 Oct, 05:56

JINDAL STAINLESS Management Says Will not be able to achieve 20% for FY25, targeting 10-15% volume growth for FY25

Believe EBITDA/ton will improve in H2, Targeting EBITDA/ton of Rs 18000/ton for FY25

Seeing good growth momentum in Domestic market, Very bullish on domestic demand

Will not be able to achieve export target of 15% this year --- targeting 10% revenue from exports for FY25

Stainless steel Imports into India from China, Vietnam continue to surge

35% of stainless steel consumption is met by imports

Expect the govt to take cognisance of rising imports and come up with a resolution

Most European economies including Germany weighing heavy on export demand

Focusing on catering to South America, South Korea, Japan, Canada, Middle East demand - ETNOW

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STOCK MARKET NEWS UPDATES

18 Oct, 05:18

ZOMATO: Sources Says Co. Likely To approve Rs 8500 Cr Fund Raising - CNBC-TV18

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STOCK MARKET NEWS UPDATES

18 Oct, 05:17

TATA COMM MANAGEMENT Says Order book has expanded in H1 which is positive - ETNOW

Seeing good YoY data growth which is on the back of acquisition

Changing revenue mix is the reason behind the decline in margins

Working towards our aspirational margins of 23-25%

See no reason to change our aspiration at this moment

Will be monetising one of the major land parcels

STT is buying this land from us to expand its data center capacity

Proceeds will be used for expanding business and reducing debt

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STOCK MARKET NEWS UPDATES

18 Oct, 05:15

HAVELLS INDIA Management Says Looking at EBITDA margin of 13-14% excluding Lloyd- CNBC-TV18

Incremental capex of ₹450 cr incurred for Tumkur Facility

Planned capex of ₹1,900 cr in couple of years, out of which ₹1,000 cr is for FY25

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STOCK MARKET NEWS UPDATES

18 Oct, 03:50

WIPRO Management Says Will Have Taken Care Of All Fresher Backlog Since COVID By The End Of Q3 - CNBC-TV18

Able To Capture Discretionary Spend In BFSI Due To Capco

No Significant Uptick In Discretionary Vs Q2

Large Deal Momentum Has Been Over $1 Bn For The Last Fe Quarters

Pipeline Is Looking Healthy Across 4 Markets

Utilisation Near All-time High, Offshoring Healthy

Have Done A Lot Of Work On G&A Optimisation

Capco Momentum Is Adding To Margin Expansion

We Have Onboarded Freshers In Q1FY25 After Not Going To Campuses Last Year

We Are Adding 2,500-3,000 Freshers Every Quarter

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STOCK MARKET NEWS UPDATES

18 Oct, 03:44

MS ON NESTLE

(CMP: 2,379)
MAINTAIN UNDERWEIGHT
TARGET: 2,114

Q2 Was Another Miss On Topline & Bottomline

Other Expenses Were Higher, Led By Ad Spend

Exceptional Gain Of ₹180 Cr Reported On Slump Sale Of Nutraceutical & Nestle Biz Svcs Division

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STOCK MARKET NEWS UPDATES

18 Oct, 03:43

CLSA on Tata Communications

O-P, TP Rs 2220

2Q consol. rev of Rs57.7bn, up 18% YoY/2% QoQ, was above est.

Data revenue up 21% YoY/3% QoQ, driven by digital services (46% of data rev) with 52% YoY/4% QoQ growth.

Consol. Ebitda of Rs11.2bn, up 10% YoY/-1% QoQ, in line

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STOCK MARKET NEWS UPDATES

18 Oct, 03:43

INVESTEC ON LTIMINDTREE

. Maintain Sell; hike target price to Rs 5600 from Rs 5370

. An inline quarter; expect a weaker H2

. Revenue growth was broad based across verticals

. Commentary highlights weaker revenue growth in H2

. Note that the stock has seen a meaningful rerating without commensurate outperformance

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STOCK MARKET NEWS UPDATES

18 Oct, 03:42

BERNSTEIN ON AXIS BANK

. Maintain Outperform with target price of Rs 1250

. Q2 - Little to cheer about

. Sequential improvement in credit costs

. Low quality beat with a still weak asset quality picture

. A weak loan growth show

. Slowdown in Opex/high NOI utilized to push RoA >

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STOCK MARKET NEWS UPDATES

18 Oct, 03:42

MACQUARIE ON WIPRO

Maintain Outperform with target price of Rs 670

Revenue and EBIT beat, PAT in- line

Would have hoped for better revenue guidance in Q3 given the strong deal wins

Management suggested this is largely due to furloughs

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STOCK MARKET NEWS UPDATES

18 Oct, 03:41

BOFA ON MANAPPURAM FINANCE

Maintain Buy; Cut target price to Rs 220 from Rs 250

RBI restricts loan sanctions/disbursals by MFI sub

Cut earnings, factor de-rating

Cut consolidated earnings forecasts by 3-6% as we factor AUM growth moderation in Asirvad

Manappuram stock has de-rated 25% over the last 3M which we believe already factors the growth weakness and asset quality deterioration to a great extent

Retain Buy on undemanding valuations, discount to historical valuations and strong outlook for gold financing business

STOCK MARKET NEWS UPDATES

18 Oct, 03:41

JEFFERIES ON HAVELLS

Maintain Hold; cut target price to Rs 1870 from Rs 1880

Margin miss offsets healthy sales growth

Sales was led by C&W, ECD and Lloyd, but Switchgears and Lighting were tepid

Festive offtake has started on a positive note

Margins in many segments declined due to Do A&P advancement due to shift in season and volatile commodities festive

Cut FY25-27 EPS by 4-5%, and now est +19% EPS CAGR

STOCK MARKET NEWS UPDATES

18 Oct, 03:40

JEFFERIES ON CITY GAS DISTRIBUTION ( CGDs)

APM allocation cut a likely derating trigger

12-15% of the APM gas allocated to CGD players has been reallocated by the govt

This shortfall has to be covered by Spot/Short-term LNG leading to Rs3/3/2.3 per scm compression in EBITDA margin for IGL/MGL/Gujarat Gas

With rising dependence on market-linked gas, CGD players would be forced to defend margins at the expense of volume growth

This could trigger a derating of the sector

Will revisit est after pricing changes by players in coming days

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