Sridhar Balakrishnan 🇮🇳🏆💰

PLATINUM IND Q2 :CONS NET PROFIT UP 23% AT 14.2 CR (YOY), DOWN 19% (QOQ)

REVENUE UP 64% AT 99.6 CR (YOY) ,DOWN 3% (QOQ)

EBITDA DOWN 7% AT 15CR (YOY),DOWN 26%(QOQ)

MARGINS 15% V 26.6% (YOY), 19.88% (QOQ)

APOLLO TYRES Q2 :CONS NET PROFIT DOWN 37% AT 297 CR (YOY), DOWN 2% (QOQ)

REVENUE UP 3 % AT 6437  CR  (YOY) ,UP 2 % (QOQ)

EBITDA DOWN 24 % AT 878 CR (YOY),DOWN 3%(QOQ)

MARGINS AT 13.65 % V 18.5 % (YOY), 14.35 % (QOQ)

HEG Q2 :CONS NET PROFIT DOWN 14 % AT 82.28 CR (YOY), UP 257% (QOQ)

REVENUE DOWN 8 % AT 567 CR (YOY) ,DOWN 1% (QOQ)

EBITDA DOWN 6 % AT 96.29CR (YOY),UP 144 %(QOQ)

MARGINS AT 16.98 % V 16.61 % (YOY), 6.9 % (QOQ)

EXICOM TELE-SYSTEMS Q2 : NET LOSS AT 17 CR V 17.9 CR PROFIT YOY

REVENUE AT 150 CR V 190 CR

SOLAR IND Q2 HIGHLIGHTS

Highest ever Quarterly EBIDTA at 475cr & PAT at ₹304cr.

Highest ever Quarterly Defence revenue ₹300cr+

Highest ever Orderbook of ₹5700cr+

✓ Revised Capex for FY25 from ₹800cr to 1200cr

Management Says The company’s portfolio expansion, encompassing
products from energetic materials to ammunition, has received strong support from Indials Defence
contracts and export orders'

We are expecting the Pinaka Orders very soon along with orders from the
lnternatlonal customers' We are glad to share that defence section potential has started unfolding with revenue growth of 204% YOY and increasing three-folds from ₹ 106cr to ₹ 322cr in the quarter.

We are optimistic of achieving defence product sale of ₹ 1500cr with defence reaching around 20% of total sales for the year FY25."

SIGACHI INDUSTRIES Q2 Result

NET PROFIT AT 22 CR V 15 CR YOY

REVENUE AT 125 CR V 99 CR

EBITDA AT 17 CR V 21.3 CR

MARGINS AT 13.75 % V 21.58%

ZAGGLE PREPAID OCEAN SERVICES: Q2 SL NET PROFIT 185M RUPEES VS 76M (YOY); 167M (QOQ)

ZAGGLE PREPAID OCEAN SERVICES: Q2 REVENUE 3B RUPEES VS 1.84B (YOY)

ZAGGLE PREPAID OCEAN SERVICES: Q2 EBITDA 267M RUPEES VS 151M (YOY) || Q2 EBITDA MARGIN 8.83% VS 8.16% (YOY)

KFIN TECHNOLOGIES; KFin Technologies Limited joins BlackRock’s Aladdin Provider community

Co. joins BlackRock's Aladdin Provider community, enhancing fund administration services for global asset managers with improved connectivity, transparency, and efficiency.

This reinforces KFintech's commitment to world-class solutions for fund managers worldwide

MAN INFRACONSTRUCTION Q2 CONS

NET PROFIT 472M RUPEES VS 651M (YOY); 844M (QOQ)

REVENUE 2.3B RUPEES VS 2.16B (YOY)

EBITDA 276M RUPEES VS 650M (YOY)

EBITDA MARGIN 11.97% VS 30.19% (YOY)

https://www.hydrogeninsight.com/policy/major-boost-for-hydrogen-in-china-as-new-law-classes-it-as-energy-resource-rather-than-hazardous-chemical/2-1-1737843

Big breakthrough, needs to be taken up by all countries to make it a success for decarbonisation and energy security goals

HSBC Maintains Bullish Outlook On Indian Oil Marketing Cos

Lower Brent prices support OMC profits as fuel pump rates stay fixed

Rebound in Indian oil demand post- monsoon to help volumes

Oil volatility seen as positive, discouraging pump price changes

Lower future oil prices, stable fuel rates set to support OMC margins

Brokerage maintains Buy on IOCL, BPCL, HPCL IOCL/BPCL/HPCL target price set at
Rs 190/460/480

Target prices of IOCL/BPCL/HPCL imply 37%/49%/28% upside

**Emkay On Samvardhana
Motherson**

Retain ADD with TP 190 vs 200 earlier, Upside 14%

Organic revenue growth was 4-5% higher than the market

Believe premiumization-led growth in content per vehicle would continue for co

Better visibility in non-Autos with targets 25% sales contribution

But outlook is weakening and remains challenged across major markets

Lower FY25E/26E/27E EPS by 10%/5%/3%, due to lower margins

Amid the miss in Q2 and cost pressures

Richest mother in the world

*🇮🇳India Daybook ~ Stocks in News*


*Torrent Power:* Company signs agreement with Spectrum Dyes and Anubha Industries for 9.9 MW renewable energy supply. (Positive)

*Aurobindo Pharma:* European medicines agency (EMA) grants good manufacturing practice (GMP) certificate of compliance to Curateq Biosimilars’ manufacturing facility in Hyderabad (Positive)

*EMS:* Company gets LoA in JV for the work valuing Rs 681.5 cr (74% Share) from Kolkata Municipal Corporation. (Positive)

*UPL:* UPL Corp and CAC Nantong announce strategic agreement for global commercialization of Cyproflanilide insecticide (Positive)

*Ganesha Eco:* Company announced capacity expansion of 45,000 tonnes p.a (Positive)

*NTPC:* NTPC Green IPO issue opens on November 19. (Positive)

*Varun Beverages:* Company outlined expansion plans with three major acquisition proposals aimed at bolstering its presence in Africa and enhancing its production capabilities in India. (Positive)

*Entero Health:* Company acquires 100% stake in Shree Enterprises (Positive)

*Manappuram:* Bain Capital looking to acquire controlling stake. Said to have shown interest to buy 11-12% stake from family and also infuse Rs 2000cr (Positive)

*EIH:* Net profit at Rs 132 cr vs Rs 94 cr, Revenue at Rs 588 cr vs Rs 530 cr (YoY) (Positive)

*GSFC:* Net profit at Rs 298 cr vs Rs 87 cr, Revenue at Rs 2635 cr vs Rs 2163 cr (YoY) (Positive)

*Oriental Rail Infra:* Net profit at Rs 10.4 cr vs Rs 7.7 cr, Revenue at Rs 186 cr vs Rs 114 cr (YoY) (Positive)

*Medplus Health:* Net profit at Rs 38.7 cr vs Rs 14.5 cr, Revenue at Rs 1576 cr vs Rs 1408.7 cr (YoY) (Positive)

*Integra Eng:* Net profit at Rs 5.3 cr vs Rs 2.9 cr, Revenue at Rs 41.4 cr vs Rs 34.8 cr (YoY) (Positive)

*Nykaa:* Net profit at Rs 10 cr vs Rs 6 cr, Revenue at Rs 1875 cr vs Rs 1507 cr (YoY) (Positive)

*Kirloskar Oil:* Net profit at Rs 125 cr vs Rs 78 cr, Revenue at Rs 1500 cr vs Rs 1305 cr (YoY) (Positive)

*KNR Construction:* Net profit at Rs 585 cr vs Rs 143 cr, Revenue at Rs 1945 cr vs Rs 1038 cr (YoY) (Positive)

*Ceinsys Tech:* Net profit at Rs 11.6 cr vs Rs 4.7 cr, Revenue at Rs 90.0 cr vs Rs 58.3 cr (YoY) (Positive)

*EMS:* Net profit up 9.5% at Rs 49.7 cr vs Rs 37.1 cr, Revenue up 11% at Rs 233.5 cr vs Rs 210.5 cr (YoY) (Positive)

*Indo Amines:* Net profit at Rs 16.1 cr vs Rs 12.9 cr, Revenue at Rs 268 cr vs Rs 226 cr (YoY) (Positive)

*Indo Tech:* Net profit at Rs 18 cr vs Rs 7 cr, Revenue at Rs 146 cr vs Rs 95 cr (YoY) (Positive)

*Bombay Dyeing:* Net profit at Rs 392 cr vs loss Rs 52 cr, Revenue at Rs 380 cr vs Rs 440 cr (YoY) (Positive)

*Ashoka:* Net Profit At Rs 462.5Cr Vs Rs 106.5 Cr, Revenue At Rs 2,489 Cr Vs Rs 2,154.3 Cr (YoY) (Positive)

*OAL:* Net profit at Rs 15.0 cr vs Rs 2.4 cr, Revenue at Rs 237 cr vs Rs 226 cr (YoY) (Positive)

*Kelton:* Net profit at Rs 19.7 cr vs Rs 16.5 cr, Revenue at Rs 270 cr vs Rs 240 cr (YoY) (Positive)

*Suntech Real:* Net profit at Rs 34.6 cr vs loss Rs 14.0 cr, Revenue at Rs 169 cr vs Rs 24.9 cr (YoY) (Positive)

*Taal Ent:* Net profit at Rs 14.5 cr vs Rs 10.9 cr, Revenue at Rs 49.1 cr vs Rs 48 cr (YoY) (Positive)

*PN Gadgil:* Net profit at Rs 32.3 cr vs Rs 21.5 cr, Revenue at Rs 2000 cr vs Rs 1360 cr (YoY) (Positive)

*GPT Infra:* Net profit at Rs 17.6 cr vs Rs 13.5 cr, Revenue at Rs 290 cr vs Rs 234 cr (YoY) (Positive)

*PTC India:* Net Profit at Rs 146.2 Cr Vs Rs 130 Cr, Revenue at Rs 5,128 Cr Vs Rs 5,069.5 Cr (YoY) (Positive)

*Allcargo:* Net profit at Rs 33.1 cr vs Rs 21.8 cr, Revenue at Rs 4300 cr vs Rs 4306 cr (YoY) (Positive)

*ION Exchange:* Net profit at Rs 51.1 cr vs Rs 41.9 cr, Revenue at Rs 644 cr vs Rs 533 cr (YoY) (Positive)

*Excel Ind:* Net profit at Rs 35.7 cr vs Rs 1.8 cr, Revenue at Rs 269 cr vs Rs 198 cr (YoY) (Positive)

*Amruntanjan:* Net profit at Rs 11.8 cr vs Rs 6.8 cr, Revenue at Rs 110 cr vs Rs 99 cr (YoY) (Positive)

*Pearl Global:* Net profit at Rs 56.6 cr vs Rs 38.6 cr, Revenue at Rs 1202 cr vs Rs 960 cr (YoY) (Positive)

*KEC INT:* Net profit at Rs 85.4 cr vs Rs 55.8 cr, Revenue at Rs 5113 cr vs Rs 4499 cr (YoY) (Positive)

*Dev Info:* Net profit at Rs 8.1 cr vs Rs 1.7 cr, Revenue at Rs 35.9 cr vs Rs 27.9 cr (YoY) (Positive)

*Pokarana:* Net profit at Rs 45.2 cr vs Rs 33.3 cr, Revenue at Rs 251 cr vs Rs 192 cr (YoY) (Positive)

*Ambalal Sarabhai:* Net profit at Rs 2.6 cr vs Rs 1.1 cr, Revenue at Rs 44.7 cr vs Rs 40 cr (YoY) (Positive)

*IGPL:* Net profit at Rs 26.1 cr vs Rs 10.0 cr, Revenue at Rs 582 cr vs Rs 501 cr (YoY) (Positive)

*United Drilling:* Net profit at Rs 6.2 cr vs Rs 3.6 cr, Revenue at Rs 48.8 cr vs Rs 31.3 cr (YoY) (Positive)

*Cupid:* Net profit at Rs 10 cr vs Rs 5.1 cr, Revenue at Rs 41.6 cr vs Rs 34.4cr (YoY) (Positive)

*Yaatra:* Net profit at Rs 7.3 cr vs loss Rs 17.2 cr, Revenue at Rs 236 cr vs Rs 94 cr, (YoY) (Positive)

*Kalyani Forge:* Net profit at Rs 3.9 cr vs Rs 1.3 cr, Revenue at Rs 62.3 cr vs Rs 60.9 cr (YoY) (Positive)

*BSE:* Net Profit at Rs 347 cr vs Rs 121 cr, Revenue at Rs 813 cr vs Rs 362 cr (Positive)

*Greaves:* Net profit at Rs 3.2 cr vs loss Rs 190 cr, Revenue at Rs 700 cr vs Rs 727 cr (YoY) (Neutral)

*Permanent Magnets:* Net profit at Rs 7.10 cr vs Rs 7.08 cr, Revenue at Rs 56.10 cr vs Rs 53.71 cr (YoY) (Neutral)

*Shalimar Paint:* Net Loss at Rs 19.6 cr vs Rs 25.6 cr, Revenue at Rs 140 cr vs Rs 119 cr (YoY) (Neutral)

*Barbeque Nation:* Net loss at Rs 7.2 cr vs Rs 12.4 cr, Revenue at Rs 300 cr vs Rs 300 cr (YoY) (Neutral)

*Eldeco Housing:* Net profit at Rs 4.5 cr vs Rs 6.4 cr, Revenue at Rs 33.4 cr vs Rs 17.0 cr (YoY) (Neutral)

*Eveready:* Net profit at Rs 29.6 cr vs Rs 25.4 cr, Revenue at Rs 362.6 cr vs Rs 365.0 cr (YoY) (Neutral)

*Sunflag Iron & Steel:* Net profit at Rs 40.9 cr vs Rs 38.5 cr, Revenue at Rs 866 cr vs Rs 858 cr (YoY) (Neutral)

*Repco Home:* Net Profit at Rs 108.7 Cr Vs Rs 95 Cr, NII at Rs 175.7 Cr Vs Rs 172.7 Cr (YoY) (Neutral)

*3M India:* Net profit at Rs 130 cr vs Rs 146 cr, Revenue at Rs 1110 cr vs Rs 1040 cr (YoY) (Neutral)

*Techno elec:* Net profit at Rs 94 cr vs Rs 74 cr, Revenue at Rs 440 cr vs Rs 460 cr (YoY) (Neutral)

*Pen Ind:* Net profit at Rs 26.9 cr vs Rs 22.3 cr, Revenue at Rs 747 cr vs Rs 814 cr (YoY) (Neutral)

*Axis Cades:* Net profit at Rs 12.3 cr vs Rs 11.1 cr, Revenue at Rs 260 cr vs Rs 251 cr (YoY) (Neutral)

*Man Ind:* Net profit at Rs 31.8 cr vs Rs 39.0 cr, Revenue at Rs 806 cr vs Rs 1018 cr (YoY) (Neutral)

*Kronox:* Net profit at Rs 6.5 cr vs Rs 6.2 cr, Revenue at Rs 25.2 cr vs Rs 25.6 cr (YoY) (Neutral)

*Kross:* Net profit at Rs 9.6 cr vs Rs 8.7 cr, Revenue at Rs 139 cr vs Rs 144 cr (YoY) (Neutral)

*KDDL:* Net profit at Rs 24.5 cr vs Rs 25.4 cr, Revenue at Rs 396 cr vs Rs 340 cr (YoY) (Neutral)

*GIC:* Net profit at Rs 1856 cr vs Rs 1689 cr, Revenue at Rs 8886 cr vs Rs 9954 cr (YoY) (Neutral)

*Andhra Paper:* Annual outage in facility at Kadiam unit planned from NOV. 13 to DEC. 4 (Neutral)

*Bosch:* Net Profit Down at Rs 536 Cr Vs Rs 999 Cr, Revenue at Rs 4,394.3 Cr Vs Rs 4,130 Cr (YoY) (Neutral)

*MTNL:* Company defaulted in payment of principal and interest to 6 banks, defaulted in payment of principal and interest of Rs 57.26 Billion (Neutral)

*Tata Power:* LIC reduces its stake in Tata Power from 5.906% to 3.881%. (Neutral)

*UltraTech Cement:* Company to raise funds up to Rs 3,000 crore via bonds on private placement basis on November 15 (Neutral)

*Tata Chemicals:* Arm Tata Chemicals Europe to invest Rs 655 cr to build a Sodium Bicarbonate plant in Northwich, UK. (Neutral)

*SBI Life:* Company approves appointment of CS Setty as Chairman and Nominee Director. (Neutral)

*PNC Infratech:* Net profit at Rs 83.4 cr vs Rs 150 cr, Revenue at Rs 1427 cr vs Rs 1910 cr (YoY) (Negative)

*NMDC Steel:* Net loss at Rs 595 cr vs Rs 547 cr, Revenue at Rs 1522 cr vs Rs 2023 cr (QoQ) (Negative)

*Sula:* Net profit at Rs 14.4 cr vs Rs 23.3 cr, Revenue at Rs 140 cr vs Rs 143 cr (YoY) (Negative)

*Fairchem:* Net profit at Rs 4.0 cr vs Rs 10.3 cr, Revenue at Rs 138 cr vs Rs 152 cr (YoY) (Negative)

*DCX:* Net profit at Rs 5.0 cr vs Rs 19.8 cr, Revenue at Rs 196 cr vs Rs 309 cr (YoY) (Negative)

*TVS Shrichakra:* Net profit at Rs 10.3 cr vs Rs 39.1 cr, Revenue at Rs 840 cr vs Rs 740 cr (YoY) (Negative)

*Hyundai Motor:* Trend of low single digit car sales growth will continue for FY25 (Negative)

*PNB Housing:* Quality Investment Holdings PCC to sell stake in PNB Housing. Offer price at Rs 939.3; discount of 4.25% to closing price: CNBC (Negative)

Good Set of FY25Q2 Results from HPL ELECTRIC⚡️⚡️

✔️Rev Rs 422 Cr vs Rs 350 Cr, Q1FY25 Rev Rs 392 Cr
Sales ⬆️ 21% on YOY Basis

✔️Operating Profits Rs 60.6 Cr vs Rs 47.2 Cr, Q1FY25 Operating Profits Rs 56.1 Cr
Operating Profits ⬆️ 28% on YOY Basis

✔️Net Profits Rs 21.6 Cr vs Rs 11 Cr, Q1FY25 Net Profits Rs 17 Cr
Net Profits ⬆️ 96% on YOY Basis

✔️EPS has increased from 1.71 to 3.35, Q1FY25 EPS 2.65

#HPLELECTRIC #SMARTMETERS

GANESHA ECOSPHERE

Q2 :CONS NET PROFIT UP 872 % AT 27.11 CR (YOY), UP 20 % (QOQ)

REVENUE UP 39 % AT 386 CR (YOY) ,UP 15 % (QOQ)

EBITDA UP 119 % AT 55.2 CR (YOY),UP 16 %(QOQ)

MARGINS AT 14.3 % V 9.07 % (YOY), 14.15 % (QOQ)

DIVIDEND: 1.6

*I Can't Control:*

→Market Movements
→Market Volatility
→My Trades Outcome
→Stock Valuations

*But I can control:*

→My Method & Emotions
→My Holding Period
→My Investing Process
→My Risk Management

*Bharat Heavy Electricals Ltd.* | *CMP* Rs. 221 | *M Cap* Rs. 76954 Cr | *52 W H/L* 335/114
(Nirmal Bang Retail Research)

*Result ahead of expectations*
Revenue from Operations came at Rs. 6584.1 Cr (20% QoQ, 28.5% YoY) vs expectation of Rs. 5864.2 Cr, QoQ Rs. 5484.9 Cr, YoY Rs. 5125.3 Cr
EBIDTA came at Rs. 275 Cr (-262.4% QoQ, -278.9% YoY) vs expectation of Rs. -39.7 Cr, QoQ Rs. -169.4 Cr, YoY Rs. -153.7 Cr
EBITDA Margin came at 4.2% vs expectation of -0.7%, QoQ -3.1%, YoY -3%
Adj. PAT came at Rs. 96.7 Cr vs expectation of Rs. -84.1 Cr, QoQ Rs. -212.5 Cr, YoY Rs. -58.3 Cr
Quarter EPS is Rs. 0.3
Stock is trading at P/E of 27.4x FY26E EPS

*Punjab National Bank Ltd.* | *CMP* Rs. 101 | *M Cap* Rs. 120389 Cr | *52 W H/L* 143/67
(Nirmal Bang Retail Research)
*Result is ok*
NIM and slippage awaited

Advances came at Rs. 1019595 Cr (15% YoY, 3.6% QoQ)
Net Interest Income came at Rs. 10517 Cr vs expectation of Rs. 10660 Cr, YoY Rs. 9923 Cr, QoQ Rs. 10476 Cr
Non Interest Income came at Rs. 4572 Cr vs expectation of Rs. 3450 Cr, YoY Rs. 3028 Cr, QoQ Rs. 3610 Cr
PBP came at Rs. 6853 Cr vs expectation of Rs. 7038 Cr, YoY Rs. 6216 Cr, QoQ Rs. 6581 Cr
Provisions came at Rs. 288 Cr vs expectation of Rs. 1515 Cr, YoY Rs. 3444 Cr, QoQ Rs. 1312 Cr
Credit Cost came at 0.1% vs QoQ 0.5% & YoY 1.5%
Adj. PAT came at Rs. 4303 Cr vs expectation of Rs. 3334 Cr, YoY Rs. 1756 Cr, QoQ Rs. 3252 Cr
Gross NPA came at Rs. 47582 Cr vs QoQ Rs. 51263 Cr at 4.48% vs QoQ 4.98%
Net NPA came at Rs. 4674 Cr vs QoQ Rs. 5930 Cr at 0.46% vs QoQ 0.60%
Quarter EPS is Rs. 3.7
Stock is trading at P/E of 6.9x FY26E EPS & 1x trailing P/Adj. BV

*Supriya Lifescience Ltd.* | *CMP* Rs. 560 | *M Cap* Rs. 4506 Cr | *52 W H/L* 670/240
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 166.1 Cr (3.4% QoQ, 18.6% YoY) vs QoQ Rs. 160.6 Cr, YoY Rs. 140.1 Cr
EBIDTA came at Rs. 64.7 Cr (3.5% QoQ, 103.8% YoY) vs QoQ Rs. 62.5 Cr, YoY Rs. 31.8 Cr
EBITDA Margin came at 39% vs QoQ 38.9%, YoY 22.7%
Adj. PAT came at Rs. 46.1 Cr vs QoQ Rs. 44.6 Cr, YoY Rs. 23.9 Cr
Quarter EPS is Rs. 5.7
Stock is trading at P/E of 28.6x TTM EPS

Photo from Sridhar Balakrishnan

Photo from Sridhar Balakrishnan

Photo from Sridhar Balakrishnan

Photo from Sridhar Balakrishnan

📊 Bharti Airtel Q2 FY25 net profit nearly triples to Rs 3,593 crore; tariff hikes, growth in India and Africa boost earnings 📊

📮 Bharti Airtel's Q2 FY25 net profit surged 167 percent to Rs 3,593 crore from Rs 1,341 crore a year earlier, driven by strong performance in its India and Africa businesses. Despite the substantial growth, the net profit figure missed Street expectations of Rs 4,398 crore, based on Bloomberg's poll of brokerage estimates. The company’s revenue from operations for the July-September quarter rose 12 percent year-on-year to Rs 41,473 crore.

📮 Bharti Airtel's India revenue grew 16.9 percent on-year to Rs 31,561 crore, led by a robust 18.5 percent growth in the mobile services segment, which benefited from tariff hikes and increased smartphone penetration. The average revenue per user (ARPU) for its India mobile segment rose to Rs 233, up from Rs 203 a year ago, amid Bharti Airtel’s ongoing efforts to optimise customer mix and premiumise its base.

#BhartiAirtel

- #NetProfit 35.9B rupees vs 41.6B (QoQ)
- #Revenue 414.7B rupees vs 385B (QoQ)
- EBITDA 229B #rupees vs 206.2B (QoQ)
- #EBITDA margin 55.26% vs 53.55% (QoQ)

🌟Bharti Airtel announced strong Q2 results:

➡️Revenues grew to Rs 41,473 crore (+12%)📈 YoY
➡️Net Profit surged to Rs 3,593 crore (+167%)🔥 YoY
➡️EBITDA rose to Rs 22,021 crore (+12%)📈 YoY
➡️ARPU stood at Rs 233 Vs 203 YoY🟢
➡️Overall customer base spanned around 563 million🌟

🇮🇳India Daybook – Stocks in News..


*Prestige:* Company has acquired approximately 17.45 acres of prime land in Whitefield, Bengaluru. (Positive)

*NBCC:* Company wins Rs 1,726 crore contract for various redevelopment projects in Goa (Positive)

*Supreme Industries:* Company received approval to manufacture and market 265 ltr type-IV composite CNG cylinders from petroleum and explosive safety organization (Positive)

*Cellecor Gadgets/Dixon:* Company announces its partnership with Dixon technologies, collaboration aims to expand Cellecor's product lineup by manufacturing high-quality washing machines (Positive)

*DCX Systems:* Company unit got export orders from Lockheed martin global INC, USA for US $ 45,199,440 (Positive)

*JSW Energy:* Company unit has entered into technology licensing agreement with Sany renewable energy Company (Positive)

*Aegis Logistics:* The company proposed IPO of Aegis Vopak Terminals Limited, Material Subsidiary of the Company. (Positive)

*NTPC:* SEBI approves IPOs of NTPC Green Energy. (Positive)

*Deepak NTR:* DPL and Petronet signs agreement for offtake of 250 KTPA of Propylene and 11 KTPA of Hydrogen (Positive)

*Dr. Reddy's:* Company launches Elobixibat, a first-in-class drug to treat chronic constipation in India (Positive)

*Nesco:* Net profit at Rs 110 cr vs Rs 87.8 cr, Revenue at Rs 190 cr vs Rs 175 cr. (YoY) (Positive)

*J. Kumar Infraprojects:* Net profit at Rs 90.1 cr vs Rs 73.4 cr, Revenue at Rs 1290 cr vs Rs 1100 cr. (YoY) (Positive)

*Shaily Engineering:* Net profit at Rs 21.9 cr vs Rs 10.8 cr, Revenue at Rs 190 cr vs Rs 157 cr. (YoY) (Positive)

*SJS Enterprises:* Net profit at Rs 29 cr vs Rs 19 cr, Revenue at Rs 192 cr vs Rs 163 cr. (YoY) (Positive)

*Sarla Performance:* Net profit at Rs 19.2 cr vs Rs 6.5 cr, Revenue at Rs 113 cr vs Rs 95.8 cr. (YoY) (Positive)

*Iris Business:* Net profit at Rs 3.9 cr vs Rs 1.3 cr, Revenue at Rs 31 cr vs Rs 24 cr. (YoY) (Positive)

*JSW Infra:* Net profit at Rs 373 cr vs Rs 255 cr, Revenue at Rs 1001 cr vs Rs 848 cr. (YoY) (Positive)

*Gillette:* Net profit at Rs 133 cr vs Rs 92 cr, Revenue at Rs 781 cr vs Rs 667 cr. (YoY) (Positive)

*Northern arc:* Net profit at Rs 96 cr vs Rs 79 cr, Revenue at Rs 585 cr vs Rs 439 cr. (YoY). (Positive)

*KFin Tech:* Net profit at Rs 89 cr vs Rs 62 cr, Revenue at Rs 289 cr vs Rs 209 cr. (YoY). (Positive)

*Bharti Hexacon:* Net profit at Rs 250 cr vs loss Rs 184 cr, Revenue at Rs 2098 cr vs Rs 1740 cr. (YoY). (Positive)

*Suzlon Energy:* Net profit at Rs 200.6 cr vs Rs 102.3 cr, Revenue at Rs 2092.3 cr vs Rs 1417.2 cr. (YoY) (Positive)

*Syrma SGS:* Net Profit at Rs 39.7 cr vs Rs 30.5 cr, Revenue at Rs 833 vs Rs 712 cr. (YoY) (Positive)

*Skipper:* Net profit at Rs 32.9 cr vs Rs 19.8 cr, Revenue at Rs 110 cr vs Rs 73.6 cr. (YoY) (Positive)

*Gandhi Tube:* Net Profit at Rs 17.2 cr vs Rs 13.2 cr, Revenue at Rs 48.6 cr vs Rs 43.9 cr. (YoY) (Positive)

*Bhageria Ind:* Net Profit at Rs 6.7 cr vs Rs 2.8 cr, Revenue at Rs 129 vs Rs 102 cr. (YoY) (Positive)

*Kalpataru Power:* Net Profit at Rs 125 cr vs Rs 90 cr, Revenue at Rs 4929 vs Rs 4518 cr. (YoY) (Positive)

*Sudarshan Chem:* Net Profit at Rs 30 cr vs Rs 18 cr, Revenue at Rs 688 vs Rs 594 cr. (YoY) (Positive)

*Anant raj:* Net Profit at Rs 104 cr vs Rs 58 cr, Revenue at Rs 513 vs Rs 332 cr. (YoY) (Positive)

*Genesys:* Net Profit at Rs 11.1 cr vs loss Rs 3.4 cr, Revenue at Rs 72 vs Rs 33.2 cr. (YoY) (Positive)

*Interarch:* Net Profit at Rs 20.7 cr vs Rs 15.2 cr, Revenue at Rs 320 vs Rs 297 cr. (YoY) (Positive)

*Pudumjee Paper:* Net Profit at Rs 29.8 cr vs Rs 17.6 cr, Revenue at Rs 220 vs Rs 194 cr. (YoY) (Positive)

*Federal Bank:* Net profit at Rs 1,056.7 cr vs poll of Rs 991.1 cr, NII at Rs 2,367.3 cr vs poll of Rs 2,378 cr (Positive)

*Quess Corp:* Net profit up 32% at Rs 93.6 cr vs Rs 71 cr, Revenue up 9.1% at Rs 5,179.3 cr vs Rs 4,748.3 cr (YoY) (Positive)

*LIC Housing Fin:* Net profit at Rs 1328.8 cr vs Rs 1188.05 cr, Revenue at Rs 6926 cr vs Rs 6753 cr. (YoY) (Neutral)

*Maharashtra Seamless:* Net profit at Rs 220 cr vs Rs 250 cr, Revenue at Rs 1290 cr vs Rs 1530 cr. (YoY) (Neutral)

*Ajanta Pharma:* Net profit at Rs 216 cr vs Rs 190 cr, Revenue at Rs 1190 cr vs Rs 1028 cr. (YoY). (Neutral)

*Bharti Airtel:* Net profit at Rs 3593 cr vs poll of Rs 4336 cr, Revenue at Rs 41,473 cr vs poll of Rs 40,835 cr (Neutral)

*Adani Power:* Net profit at Rs 3300 cr vs Rs 6590 cr, Revenue at Rs 13300 cr vs Rs 12990 cr. (YoY) (Neutral)

*IGL:* Net profit at Rs 454.1 cr vs Rs 552.6 cr, Revenue at Rs 4088 cr vs Rs 3823 cr. (YoY). (Neutral)

*Aarti Pharma labs:* Net profit at Rs 54.6 cr vs Rs 51.8 cr, Revenue at Rs 460 cr vs Rs 440 cr. (YoY) (Neutral)

*Tata Tech:* Net profit at Rs 157 cr vs Rs 162 cr, Revenue at Rs 1296 cr vs Rs 1269 cr. (QoQ) (Neutral)

*Semac Consultants:* Net loss at Rs 3.2 cr vs Rs 3.8 cr, Revenue at Rs 28.2 cr vs Rs 16.8 cr. (YoY) (Neutral)

*SIS:* Net Profit at Rs 68.8 cr vs Rs 75.2 cr, Revenue at Rs 3270 cr vs Rs 3070 cr. (YoY) (Neutral)

*NOCIL:* Net profit at Rs 42 cr vs Rs 27 cr, Revenue at Rs 363 cr vs Rs 351 cr (YoY) (Neutral)

*TMB:* Net profit at Rs 303.2 cr vs Rs 273.5 cr, NII at Rs 596 cr vs Rs 532.8 cr (YoY) (Neutral)

*Pfizer:* Net profit at Rs 158.4 cr vs Rs 149 cr, Revenue at Rs 588.6 cr vs Rs 575.2 cr (YoY) (Neutral)

*Stove Craft:* Net profit at Rs 16.7 cr vs Rs 16.5 cr, Revenue at Rs 418.3 cr vs Rs 379.7 cr (YoY)) (Neutral)

*HFCL:* Company unit acquired 100% stake in HFCL Pty Ltd, entity being acquired belongs to telecom industry (Neutral)

*Infosys:* Company completes acquisition of Blitz 24-893 SE, Germany, through Infosys Singapore. Ex-Date for Dividend Rs 21/Sh (Neutral)

*Zomato:* Swiggy India IPO to open on Nov 6, close on Nov 8 (Neutral)

*HDFC Bank:* Citigroup sells 15.8 lakh shares at ₹1,742.6/sh while Ghisallo Master Fund LP buys 15.8 lakh shares for ₹275 cr (Neutral)

*Matrimony:* Buyback to open on October 30 and close on November 6. (Neutral)

*Tata Power:* Company announced its acquisition of a 40% equity stake in Bhutan-based Khorlochhu Hydro Power Ltd. (Neutral)

*IOC:* Net profit at Rs 180 cr vs poll of Rs 3278 cr, Revenue at Rs 1.74 lakh cr vs poll of Rs 1.9 lakh cr. (Negative)

*Green panel:* Net profit at Rs 18.5 cr vs Rs 40.8 cr, Revenue at Rs 340 cr vs Rs 399 cr (YoY) (Negative)

*Bharat Wire:* Net Profit at Rs 18.9 Cr Vs Rs 24.4 Cr, Revenue at Rs 152 Cr Vs Rs 150 Cr (YoY) (Negative)

*Jindal Drilling:* Net Profit at Rs 15.8 cr vs Rs 30.8 cr, Revenue at Rs 172 vs Rs 142 cr. (YoY) (Negative)

*Lakshmi Machine:* Net Profit at Rs 28.8 cr vs Rs 116 cr, Revenue at Rs 750 vs Rs 1350 cr. (YoY) (Negative)

*Spandana Sphoorty:* Net loss at Rs 203 cr vs profit Rs 51.3 cr, Revenue at Rs 660 vs Rs 584 cr. (YoY) (Negative)🌹

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Please Check Your Land Record's Immediately 🤔🤪🫢😂

https://youtu.be/T3noM8FPAMk?si=MYo-IhSH9JIQ57r2

*News Headlines from Business News Agencies:*

*Business Standard*

📝 CRGO steel shortage could impact India's power sector expansion plans: GTRI
📝 PetroChina set to shut top north China's largest domestic refinery in 2025
📝 Sun Pharma Q2FY25 results: Net profit rises 28% to Rs 3,040 crore
📝 Govt report maintains economic growth forecast but flags global risks
📝 PNB Q2 results: PAT jumps to Rs 4,306 cr, total income at Rs 34,447 cr
📝 CCPA questions Ola Electric's 99% resolution rate for 10,000 complaints
📝 Demand conditions in economy need close watch, says FinMin report
📝 Greenhouse gas emissions increases to new record in 2023: WMO report
📝 Quick commerce race tightens as Tata set to enter market with Neu Flash
📝 India, Saudi to discuss ways to boost cooperation in energy, digital infra
📝 Philips cuts annual sales outlook as China demand deteriorates further
📝 India remains highly dependent on imports of critical minerals, says report

*Economic Times*

📝 NBCC to take up Rs 10,000 crore redevelopment project in Goa
📝 Realty firms raise nearly Rs 13,000 cr via QIP during Jan-Sep: Anarock
📝 EAM promises support for shrinking gem and jewellery exports
📝 Abhishek Lodha pledges $2.5 billion to philanthropy, to transfer 1/5th Macrotech stake
📝 Bharti Airtel names Shashwat Sharma MD, CEO
📝 Suzlon Vice Chairman Girish Tanti appointed as IWTMA Chairman
📝 BHEL Q2 Results: Co swings to black, posts Rs 106 crore PAT vs loss year-ago
📝 Air India gets DGCA nod to modify aircraft interiors in-house
📝 FMCGs show chic cities of India are losing out to Bharat: Economic Survey
📝 Mayoral polls to be held during MCD House meeting next month: Oberoi
📝 NCIL developing indigenous dialysis machine in collaboration with NIT Silchar
📝 Cyient acquires 27.3% in US based Indian startup Azimuth AI

*Mint*

📝 Delta sues CrowdStrike after widespread software software glitch
📝 PNB Q2 Results: Net profit jumps 145% to ₹4,303 crore; NII up 6% YoY
📝 India’s reforms after pandemic attracting global firms: Deutsche's David Lynne
📝 Tata Trusts aims to streamline operations by reducing management layers: Report
📝 NTPC Green Energy gets SEBI nod for ₹10,000 crore IPO
📝 India's economic growth on track; job creation remains a concern, say economists
📝 LIC Housing Finance Q2: Profit rises 11% YoY to ₹1,328 crore
📝 Volkswagen layoffs: German carmaker to cut thousands of jobs, shut three plants
📝 ONDC jumps on quick commerce bandwagon with new pilot project
📝 Census of India to begin in 2025: Lok Sabha seat delimitation by 2028: Report
📝 Netherlands’ SHV appoints BNP Paribas to sell SunSource’ assets in $100 mn deal

Sridhar Balakrishnan 🇮🇳🏆💰 pinned «🔹SEC. IN F&O BAN FOR  29.10.2024 :* *1.DIXON  2. ESCORTS  3. IDFCFIRSTB  4. INDIAMART  5. LTF  6. MANAPPURAM  7. PNB  8. RBLBANK* *ADDITION : PNB* *DELETION : AARTIIND, BANDHANBK, NMDC*»

Forever fresh comedy

Syrma SGS sets up one of the largest electronics manufacturing facilities in Pune

Syrma SGS Technology Limited, a prominent player in India’s electronics systems design and manufacturing sector, has officially opened one of its largest integrated electronics manufacturing facilities in Ranjangaon, near Pune. Key customers and Syrma SGS’ Executive Chairman Sandeep Tandon inaugurated the facility.

Spread across a sprawling 26.5 acres, the new campus is set to have a manufacturing area of 1.20 million square feet at its peak capacity. The first phase, covering 60,000 square feet, is expected to generate around 1,000 direct jobs. The facility will enhance Syrma SGS’ Printed Circuit Board Assembly (PCBA) capabilities, catering primarily to the rising domestic demand in the automotive and industrial sectors.

The new plant will complement the company’s existing manufacturing capacities, driving operational efficiencies and positioning Syrma SGS as a key player in the rapidly evolving electronics manufacturing landscape. With a forward-looking approach, the company aims to stay ahead of market trends and meet the increasing demand for cutting-edge technology.

Sandeep Tandon, Chairman, Syrma SGS stated, “Syrma SGS is a pioneer in Electronic Systems Design and Manufacturing (ESDM), committed to driving industry advancements through innovative solutions. Our dedication to excellence ensures sustainable growth and sets new benchmarks in the field”.

J S Gujral, Managing Director, Syrma SGS added “Our focus remains on strengthening our capabilities and expanding capacities to meet the evolving market demands. With the ‘Make in India’ initiative gaining momentum, the launch of our Pune facility positions us perfectly to capitalize on the vast business opportunities ahead.”

GMRPower
Rev at 1384cr vs 627cr, Q1 at 1612cr
Other income at 123cr vs 51cr,flat QoQ
EBITDA at 535cr vs 173cr, Q1 at 636cr
PBT at 29cr vs loss, Q1 at 13cr
OCF at 2242cr vs 336cr👏

REC reports Q2Results

Net profit up 6.2% at ₹4,005.5 cr vs ₹3,773.2 cr (YoY)

Net profit up 16.4% at ₹4,005.5 cr vs ₹3,442.5 cr (QoQ)

NII up 21.4% at ₹4,680.4 cr vs ₹3,856.2 cr (YoY)

NII up 4.5% at ₹4,680.4 cr vs ₹4,479.2 cr (QoQ)

*ICICI Bank Reports Strong Q2 Results*

*Key Highlights:*
* Net interest income (NII) rose 9.5% YoY to Rs 20,048 crore
* Net interest margin (NIM) dipped 26 basis points (bps) to 4.27%
* Gross non-performing asset (GNPA) ratio improved to 1.97% as of September 30, 2024
* Net NPA ratio remained stable at 0.42%

*Financial Highlights*
- *Profit Before Tax*: ₹14810 cr, up 7.9% YoY and 5.2% QoQ
- *Core Operating Profit*: ₹16043 cr, up 12.1% YoY and 4.1% QoQ
- *Core Operating Profit (excl. dividend income)*: up 13.4% YoY and 6.8% QoQ

*Deposits*
- *Average Deposits*: up 15.6% YoY and 3.6% QoQ
- *Savings Account Deposits*: up 10.2% YoY and 2.3% QoQ
- *Current Account Deposits*: up 10.8% YoY and 0.3% QoQ
- *Term Deposits*: up 19.3% YoY and 4.8% QoQ
- *Total Deposits*: up 15.7% YoY and 5.0% QoQ

*Advances*
- *Domestic Loans*: up 15.7% YoY and 4.6% QoQ
- *Retail Loans*: up 14.2% YoY and 2.9% QoQ
- *Business Banking Portfolio*: up 30.0% YoY and 10.7% QoQ
- *Domestic Corporate Portfolio*: up 11.2% YoY and 5.0% QoQ

*Asset Quality*
- *Net NPA Ratio*: 0.42% (down from 0.43% in Q1-2025)
- *Net Additions to Gross NPAs*: ₹1754 cr (down from ₹2624 cr in Q1-2025)
- *Provisions*: ₹1233 cr (0.38% of average advances)
- *Provision Coverage*: 78.5% (down from 79.7% in Q1-2025)

*Profit After Tax and Capital*
- *Profit After Tax*: ₹11746 cr, up 14.5% YoY
- *Common Equity Tier 1 Ratio*: 15.96% (up from 15.92% in Q1-2025)

*SUMMARY*
ICICI Bank, India's second-largest private lender, has posted robust results for Q2FY25, surpassing street expectations. Despite margin contraction, the management is confident that the worst of the margin pressure is now behind them.

*Management's Outlook:*
- Deposit rate hikes have stabilized, limiting further erosion
- Wholesale deposit rates remain elevated due to liquidity trends and credit growth slowdowns
- Improved liquidity and softer credit growth expected to help going forward

*Asset Quality:*
- ICICI Bank outperforms peers with disciplined underwriting practices and effective risk management filters
- Gross non-performing asset (GNPA) ratio improves, while net NPA ratio remains stable
[
*CDSL Quarterly Performance Review*

*Q2 FY 2024-25 Highlights*

- *Revenue*: ₹322 crore, up 25% QoQ and 56% YoY
- *Operating Profit*: ₹200 crore, up 30% QoQ and 56% YoY
- *Operating Margin*: 62.0%, up 2.0 percentage points QoQ and flat YoY
- *Net Profit*: ₹162 crore, up 21% QoQ and 49% YoY

*Business Performance Highlights*

- CDSL becomes the first depository to register over 13.5 crore demat accounts as of September 30, 2024
- 1.18 crore new demat accounts opened during Q2 FY 2024-25

Good #Q2FY25-26/10/24 till 5pm

CDSL
#CDSL
Record Q2FY25 🔥 👏
Highest ever quarter
Solid QoQ and YoY uptick
Good, but not cheap at all
Steady set
Rev⏫55% at 322cr vs 207cr, Q1 at 257cr
EBITDA ⏫55% at 200cr vs 129cr
PBT at 224cr vs 145cr, Q1 at 174cr
PAT⏫49% at 162cr vs 109cr, Q1 at 134cr

Anup Engineering
#AnupEngg
Good Q2FY25
H2 should be even better 👏
Rev at 187cr vs 139cr, Q1 at 144cr
PBT at 38cr vs 29cr, Q1 at 29cr
PAT at 32cr vs 21cr, Q1 at 24cr
OCF at -16cr vs 95cr

Aelea Commodities
#ACLD
New capacity will get added from Dec which will take capacity to 140tpd vs 40tpd
Decent H1FY25
Rev at 87cr vs 63cr, H2 at 80cr
PBT at 6.8cr vs 3.7cr, H2 at 10cr
PAT at 5.6cr vs 2.8vr, Q1 at 8.3cr
OCF at -8.5cr

ICICI Bank
#ICICIBank
Steady, consistent
Big getting bigger and better
Asset quality steady and stable
Rev⏫10%, PAT⏫14.5%
PPOP ⏫13%
Deposits ⏫15.6%

Yes Bank
#YesBank
Finding back it's rhythm slowly, much more to go
Needs consistency
Rev at 5530cr vs 4785cr, Q1 at 5475cr
PPOP at 975cr vs 801cr, Q1 at 885cr
PBT at 678cr vs 300cr, Q1 at 673cr
GNPA and NNPA down QoQ and YoY
RoA at 0.5% vs 0.2%

SKP Securities
#SKPSec
Rev at 11cr vs 7cr, Q1 at 10cr
PBT at 6cr vs 4.5cr,flat QoQ
PAT at 4cr vs 2cr, Q1 at 2.2cr

Sportking
#SportKing
Rev at 651cr vs 628cr, Q1 at 634cr
PBT at 33cr vs 14cr, Q1 at 43cr
PAT at 25cr vs 8cr, Q1 at 32cr

Decent:
#REC
#RushilDecor
#Voltamp
#HariOmPipe

CDSL Q2 : CONS. NET PROFIT UP 21 % AT 162 CR (QOQ) , UP 50 % (YOY)

REVENUE UP 25 % AT 322 CR (QOQ) , UP 56 % (YOY)

EBITDA UP 29 % AT 200 CR (QOQ) ,UP 54 % (YOY)

MARGINS AT 62.1 % V 60.2 % (QOQ) , 62.5 % (YOY)

*Understanding India Electricity Consumption*

• India consumed 141 billion kWh of electricity in September 2024 with average load of 213 GW.

> Contribution
- 69% of which came from coal / lignite plants,
- 2% from gas,
- 3% from nuclear,
- 16% from hydro,
- 7.5% from Solar,
- 6% from Wind.
- Rest 1% from other sources.

> Consumption pattern
- Morning (6 AM-10 AM): 16%
- Daytime (10AM-6 PM): 35%
- Evening (6 PM-10 PM): 17%
- Night 10PM- 6 AM): 31%

• Solar generation during Sep24 was 10.6 billion kWh of which 81% came during day slot (10AM to 6 PM), 19% during morning hours and 0.4% during evening hours

> Thus, solar plants supplied :
- 17% of daytime (8hrs)
- 9% of morning hours (4 hrs) and
- 7.5% of total power consumption (24 hrs)

What if we decide to replace all our daytime consumption with solar as of now (theoretically)

Calculations,
• Out of 141 billion kWh we consumed in Sep'24, 50 billion kWh were consumed during daytime (10AM to 6 PM) or during solar hours.

To replace entire 50 billion kWh with solar, we need 490 GWp of solar capacity _(@18% CUF, very conservative)_ or 350 GWac _(1.4 DC overloading)_

This will also replace 11.7 billion kWh out of 23.1 billion kWh of morning consumption (51%) and 1% of evening consumption (226 million kWh out of 23.8 billion kWh)

Thus, we will be able to replace 62 billion kWh out of 141 billion kWh of total consumption or 44%. But without grid balancing, this is far fetched.

*What if we plan to replace all of it (141 billion kWh) with only solar?*

To replace all of 141 billion kWh with only solar, we may need to install 1120 GWp or 800 GWac (1.4 DC over loading) (excluding oversizing needed to make up for roundtrip efficiency of storage)
However, excess generation in morning (3.7 billion kWh) and daytime (64 billion kWh) will have to be shifted to evening and night hours using storage
Required storage capacity could be ~ 2,300 GWh and depending on discharge duration it may vary _(Assuming 4hr discharge = ~600GW)_

That's massive BESS opportunity.

*That's why confluence of different energy technologies the future, which integrate both conventional & new energy sources*

_All the calculation is on current consumption, whereas electricity consumption itself is growing at ~8% and more_

My Bank Nifty option trades from 1.10.24 to 25.10.24

1.10.24.     195 pts
3.10.24.     111 pts
4.10.24.     261 pts

07.10.24.     248 pts
08.10.24.     150 pts
09.10.24.     362 pts
10.10.24.     216 pts
11.10.24.     150 pts


14.10.24.    301 pts
15.10.24.    123 pts
16.10.24.     67 pts
17.10.24.    143 pts
18.10.24.     384 pts

21.10.24.     262 pts
22.10.24.     196 pts
23.10.24.     148 pts
24.10.24.     289 pts
25.10 24.     74 pts

**Total   amount
3,680 pts (₹ 110,400)
Per day - 204 pts (₹ 6,120 )
traded in 2 lots

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

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

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

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

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

Broker radar 🎯

📌Jefferies on Oberoi Realty maintains Hold; hikes target price to Rs 1900 from Rs 1600

📌Bernstein on UltraTech Cement maintains Market-Perform with target price of Rs 10,508

📌Goldman Sachs on UltraTech Cement maintains Buy; cuts target price to Rs 11,720 from Rs 12,430

📌BofA on Sapphire Food downgrades to Underperform from Neutral; cuts target price to Rs 330 from Rs 336

📌Nomura on Dr Lal PathLabs maintains Buy with target price of Rs 3,720

📌Macquarie on City Union Bank maintains Outperform with target price of Rs 185

📌HSBC maintains a reduce call on Bajaj Housing Fin. Says Q2 healthy PAT was driven by income from assignment and low credit costs, but core earning performance was muted

Best-performing private lender beats Kotak Mahindra Bank in valuation

ICICI Bank — the second largest private lender — has overtaken Kotak Mahindra Bank in valuation after the latter’s shares plunged the most since June 4. The stock of Kotak Mahindra Bank slumped more than 4% in Monday’s (October 21) trade after the net interest margin (NIM) of the bank contracted 11 basis points (bps) to 4.9% in the September quarter.

The lower margin was due to a slowdown in unsecured disbursements and an increase in loan slippages, which raised its cost of funds. The fresh slippages for the quarter increased 38% sequentially to ₹1,875 crore. The fall in shares also resulted in its valuation premium with other lenders to narrow.

According to Bloomberg data, ICICI Bank now tops the valuation chart with a one-year forward price-to-book of 2.96 times. In comparison, Kotak Mahindra Bank commands a price-to-book of 2.92x. Interestingly, the valuation gap between the two lenders was as high as 25% at the beginning of the year.

*🇮🇳India Daybook – Stocks in News*


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

BIG BREAKING 🚨🚨

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

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

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

First time seeing, business runners vocal about stock price !

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

Sona BLW Precision Forgings opens second plant in Haryana's Manesar https://www.cnbctv18.com/market/stocks/sona-blw-precision-forgings-share-price-inaugurates-second-driveline-plant-in-manesar-haryana-19496480.htm

🚘 Hyundai Motor India Limited IPO

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

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

*News Headlines from Business News Agencies :*

*Business Standard :*

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

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

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

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

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

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

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

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

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

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

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

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


*Economic Times :*

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

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

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

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

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

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

📝 Mukul Agrawal buys 1.58% stake in Stanley Lifestyle

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

📝 Alembic Pharma gets USFDA nod for generic hypertension treatment capsules

📝 Reliance Retail expands AZORTE with 12 new stores in India

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

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


*Mint :*

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

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

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

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

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

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

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

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

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

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

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

Bajaj Housing Finance reports #Q2 earnings

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

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

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

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