Wealth Mantra Official ️

SC Holds That State Govts Have Power To Regulate, Tax Industrial Alcohol

Nine-judge Bench Of SC Has Held The Issue In Favour Of State Govts In Ratio Of 8:1

[Industrial Alcohol is used in cleaners, cosmetics, fuels, pharmaceuticals, textiles etc]

AGS TRANSACT TECHNOLOGIES: Company Enables UPIQR-based Cash Withdrawals on ATMs of a Public Sector Bank with Network of 1000+ ATMs, for a Faster, Card-free Banking Experience

Union Bank Management says Expect To Surpass 16,000 Cr Guidance In FY25 For Recoveries- CNBC-TV18

Credit Cost Is Expected To Be Below 1% For FY25

1 Account Turned NPA During The Quarter And Hence The Delinquency

BHEL LARGETRADE: 1.8 Cr Shares (0.5% Equity) Worth ₹402 Cr Change Hands At An Average Of ₹227/Sh

DODLA DAIRY Q2 ; NET PROFIT AT 63.3 CR V 43.6 CR YOY

REVENUE AT 997 CR V 667 CR

EBITDA AT 96.3 CR V 70.1 CR YOY

MARGINS AT 9.6 % V 9.15 %

Confident about growth due to orderbook & large deal pipeline. Q3 to be robust despite weak seasonality".

"Expect FY25 to be standout year for the company".

-Sudhir Singh of Coforge tells

BIOCON: AMGENS LAUNCH OF EYLEA MAY LEAD TO EPS CUT FOR BIOCON - CNBCTV18

Goldiam opens third retail location for ORIGEM brand.

JYOTI STRUCTURES: Company has received a letter of acceptance from Adani Energy Solutions Limited Worth Rs 450.1 Cr

M Cap : 2774CR
FY24 Revenue: 475.3 CR

Jio Financial Services in talks with Allianz for insurance JVs In India

SHP UPDATE:🚨

Stanley Lifestyles

Mukul Agrawal name appears with 1.58% stake

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

JSW Energy : Company Signs power purchase agreement with Solar Energy Corporation of India for 700 MW solar project

Company Signs agreement for supply of power for period of 25 years with a tariff of Rs 2.56/kWh

JP MORGAN ON BAJAJ FINANCE

Maintain Overweight; cut target price to Rs 7,300 from Rs 8,000

Q2 - Credit overshoot; asset quality strain

Loan growth still robust at 29% y/y with new business contribution at 2- 3%

Margins should stabilize as funding costs peak out; mix however will be adverse

GOLDMAN SACHS ON EMERGING MARKET

Revised Nifty 12m target to 27,000 from 27,500 - implies 9% upside

3M/6M targets at 24,500 (-1%)/25,500 (+3%)

Overweight on Autos, Telcos, Insurance, Realty (Upgrade), Internet (Upgrade)

Downgrade cyclicals like Industrials, DD sepp Cement/Chemical and Financials

Focus on quality, earnings visibility, targeted alpha themes

Structural appeal intact, but economic growth and profits are slowing down

High starting valuations, less supportive backdrop could constrain n/t upside

A large 'price correction' is less likely given support from domestic flows

Markets could 'time correct' over the DOD next 3 to 6 months

Consequently, we tactically lower Indian equities from Overweight to Neutral in Asia/EM allocations

BALLARPUR INDUSTRIES: BOARD MEET ON 25 OCT TO CONSIDER RAISING OF FUNDS

(MODE YET TO BE ANNOUNCED)

INDUS TOWER ON VODA IDEA

Vi Has Been Paying Amount Equivalent To Monthly Billing Since January 2023

Vi Has Paid ₹2,328 Cr Against Old Dues Outstanding Till Date

Dues Paid Include The Payment Of ₹1,028 Cr For Quarter-ending Sep 2024

We Continue To Recognise Revenue Related To Vi For The Services Rendered

Doubtful Receivables w.r.t Vi As Of Sep At ₹3,548 Cr Vs ₹5,386 Cr As Of Mar 2024

For Vi, Bank Guarantees Are Required To Be Provided From Oct 2025 To Sep 2026

Vi May Seek A Waiver From DoT W.R.T Payment Of Bank Guarantee

NMDC Increases Lump Ore & Fines Prices By Up To ₹600/Tonne

NMDC Hikes Lump Ore Price By ₹600 To ₹6,350/Tonne

NMDC Hikes Fines Price By ₹400 To ₹5,410/Tonne

BROKERAGE RADAR GOLDMAN SACHS ON EMERGING MARKET

• Revised Nifty 12m target to 27,000 from 110 27,500 - implies 9% upside

• 3M/6M targets at 24,500 (-1%) / 25,500 (+3%)

• Overweight on Autos, Telcos, Insurance, Realty (Upgrade), Internet (Upgrade)

• Downgrade cyclicals like Industrials, Cement/Chemical and Financials

• Focus on quality, earnings visibility,
targeted alpha themes

• Structural appeal intact, but economic 140 growth and profits are slowing down

• High starting valuations, less supportive backdrop could constrain n/t upside

• A large 'price correction' is less likely given support from domestic flows

• Markets could 'time correct' over the next 3 to 6 months

• Consequently, we tactically lower Indian equities from Overweight to Neutral in Asia/EM allocations

Goldman Sachs on India - Downgrade to Neutral from Overweight

Structural appeal remains, but economic growth and corporate profits are decelerating.

•High starting valuations and a less favorable backdrop could limit near-term upside.
•A significant ‘price correction’ seems unlikely, given strong support from domestic flows.
•Markets may experience a ‘time correction’ over the next 3 to 6 months.
•Strategically reduce Indian equities from Overweight to Neutral in Asia/EM allocations.
•Revised 12-month NIFTY target to 27,000 (from 27,500), suggesting a 9% upside.
•3-month/6-month NIFTY targets are 24,500 (-1%) and 25,500 (+3%), respectively.
•Overweight on Autos, Telecoms, Insurance, Realty (upgraded), and Internet (upgraded).
•Downgrade cyclical sectors like Industrials, Cement/Chemicals, and Financials.
•Prioritize quality, earnings visibility, and targeted alpha strategies.