Wealth Mantra Official ️

NMDC Ltd: Iron Ore Prices Revised (Effective 9th Jan 2025)

- Baila Lump: Rs 6,000/ton
- Baila Fines: Rs 5,060/ton

SRF up 13%
Navin up 13%
Fluoro up 8%🚀🚀🚀

Kotak on United Breweries

Telangana contributes 18% to volumes, 15% to revenues but is loss-making for the company.

Stopping beer supply to the state is a bold move.

Kotak sees upside in FY26 if price hikes are granted.

If Telangana approves a 15-20% price hike, margins could improve by 200-250 bps.

IEX - UBS Top Midcap Pick with 50% Upside

Strong growth expected in real-time and green products.

Likely launch of long-term products.

Low possibility of coupling suggests a potential re-rating for the stock.

There needs to be a dedicated re-finance facility focussed on MFIs

Guarantee scheme should be there for microfinance sector. Remain positive on some announcements in budget

-Alok Misra, MicroFinance Institutions Network

Quarterly Results - 9 January 2025

🔹 TCS Ltd
🔹 Shrenik Ltd
🔹 Tata Elxsi Ltd
🔹 Mishka Exim Ltd
🔹 Vivo Bio Tech Ltd
🔹 GTPL Hathway Ltd
🔹 Yash Highvoltage Ltd
🔹 Padam Cotton Yarns Ltd
🔹 Kalahridhaan Trendz Ltd
🔹 Teamo Productions HQ Ltd
🔹 Indian Renewable Energy Development Agency Ltd

Geospatial Twins Ceinsys & Genesys

👌Getting buy calls from several brokerage & investors

👌Upside targets of 50-100% over next 2-3 Years

Study and keep on track

Who's meeting whom

China - Consumer Inflation getting into negative zone despite boosting consumption measures

Stock to watch

ICICI Bank gets GST demand of Rs 101 crore including penalty from Maharashtra government

Happy New Year to every Elders and young ones in this family 🙏❤️
Wish you Great health and happiest 2025 ahead 🎊❤️🎊❤️

📍 NEW ORDERS & CONTRACTS 

- CESC: Subsidiary Purvah Green Power Pvt Ltd wins 300 MW Wind-Solar Hybrid Power project. 

- Newmalayalam Steel: Secures orders worth ₹3.57 crore for supplying 500 MT Demac GP Pipes. 

- Artefact Projects: Wins ₹3.71 crore order for consultancy services on the Rewa Bypass 4-laning project. 

- Konstelec Engineers: Bags ₹17.85 crore order from Petronet LNG Ltd for PDH PP Plant at Dahej, Gujarat. 

📍 ACQUISITIONS & STAKE INCREASES 

- Lupin: Acquires Huminsulin® from Eli Lilly to expand its diabetes portfolio in India. 

- Jubilant Ingrevia: Jubilant Infrastructure Ltd acquires an additional 6.67% in Forum I Aviation Pvt Ltd, increasing total holding to 15.79%. 

- Gokul Agro Resources: Acquires fixed assets of edible oil refinery in Mangalore for ₹105.5 crore to expand in Southern India. 

- Reliance Industries: Reliance Digital Health Ltd acquires 45% stake in Health Alliance Group Inc. for USD 10 million. 

📍 FUNDRAISING & CAPITAL EXPANSIONS 

- IFL Enterprises: Approves up to ₹49.5 crore fundraising via a Rights Issue. 

- Camlin Fine Sciences: Board meeting scheduled for January 2, 2025, to discuss Rights Issue of up to ₹225 crore. 

📍 LEADERSHIP CHANGES & APPOINTMENTS 

- Adani Green Energy: Amit Singh to step down as CEO by March 31, 2025, and transition to a different leadership role in the Adani Group. Ashish Khanna to become CEO starting April 1, 2025. 

- Century Enka: KG Ladsaria resigns as CFO due to personal reasons, effective December 31, 2024. 

- Dhanlaxmi Bank: RBI approves the appointment of Shri P. Suriaraj as Executive Director for 3 years. 

- KFin Technologies: Appoints Ramesh Ramchandran as Senior Vice President, Customer Relationship Management. 

📍 STRATEGIC PARTNERSHIPS & AGREEMENTS 

- Phantom Digital: Board approves the incorporation of a Wholly Owned Subsidiary in China for expanding in the VFX industry. 

📍 LEGAL & REGULATORY UPDATES 

- Vuenov Infratech: Withdraws the Draft Composite Scheme of Arrangement with associated entities. 

- Prataap Snacks: A fire broke out at their Jammu manufacturing unit on December 30, 2024, leading to damage. Operations have shifted temporarily. 

📍 PHARMA 

- Lupin: Acquires Huminsulin® from Eli Lilly to expand its diabetes portfolio in India. 

- Medicamen Organics: Incorporates a new subsidiary, Grande Etoile Pharmaceuticals Ltd. for pharmaceutical, healthcare, and cosmetics operations. 

📍 IPO NEWS 

- Physics Wallah: Plans to launch an IPO with a target valuation of $5 billion and raise about $500 million. 

📍 OTHER UPDATES 

- Wipro: Acquisition of Applied Value Technologies Pte Ltd will be completed by January 31, 2025. 

- Tanvi Foods: Renews USFDA food facility registration for their ready-to-cook frozen snacks, with plans for export growth. 

- GMR Airports: Issues a Letter of Comfort for ₹100 crore working capital facility to its subsidiary GMR Nagpur International Airport Ltd. 

- ISRO: PSLV-C60 successfully launched SpaDeX and 24 payloads. 

- PowerGrid: Transfers 26% stake in four associate companies to PGInvIT for ₹506.63 crore. 

🎯Higher unsecured lending write offs among private banks a worry, according to an RBI report.

👉West India's retail sales grow 8%, North, East, and South see 7% growth.

✍️Key events to watch in January 2025, including auto price hikes, Fed policy, Coldplay concert, and more! 🚗📊🎤

Price change futures live heatmap for NSE F&O expiring on 30-Jan-2025

KECInternational gets new orders worth Rs 1,073 crore across various business verticals.

Price change futures live heatmap for NSE F&O expiring on 30-Jan-2025

🔹RBI financial stability report: India on strong growth path amid challenging global environment
These are the other highlights of the report on the outlook for the economy👇

📊Nifty snaps 2-session gaining streak; Hindalco, Tata Motors lead losses
Here's how the market panned out today!

🔹RBI Financial Stability Report: Bumper kharif harvest and the rabi crop prospects are expected to soften prices of foodgrains.

🔹AdaniEnterprises approves execution of pact with Lence.

.☀️AdaniEnterprises to exit AdaniWilmar JV to raise over $2 billion.

Poor demand, high stocks at mines impacting output, says CoalIndia official.

RBI’s UPI Announcement: What exactly it means

Now, the interface of any 3rd party app can be used to transfer and receive money in the wallet.
For example: If one needs to transfer or receive money in Paytm or Google Pay wallet, the person does not need to use the interface of those apps. Money can be transferred to/from the wallet even using the app of any other UPI players

CE INFO ; Co. Completed Acquisition of PT Terra Link Technologies

HAL ; Sources Says Aviation Ministry Seeks Persmission On SPV Formation

SPV To Define Stages Of Development

Commuter Aircraft With Range Of Upto 700 Km

Will Study Advance Light Helicopter 'Dhruv' For Inputs - ETNOW

MAX ESTATES: CO ACHIEVES PRE-SALES BOOKING VALUE OF INR 845 CRORES WITHIN A WEEK OF THE LAUNCH OF PHASE II OF ESTATE 128 PROJECT IN NOIDA

CO SAYS WITH THIS LAUNCH, THE CO HAS DELIVERED A BOOKING VALUE OF INR 5000 CRORES IN THE FIRST 9 MONTHS OF FY 25

Company: Cigniti Technologies

Update Type: Important Company Update

Summary: Cigniti Technologies received a compounding order from the Income Tax Authorities for a TDS payment delay in AY 2017-18, impacting Rs 2.6 Cr, already accounted for in previous quarters, so no current or future financial impact

@Companyupdate

From Analyst: Minerals Tax in Karnataka well known now including the impact being retrospective

The proposed levy will narrow the cost gap between auctioned and pre-auction mines.

NMDC with new royalty rate it will translate to a 22.5% cost increase.

For Private Players the proposed tax would hike production costs by 45%.

This could mean that volumes can Shift to NMDC vs Private players like Vedanta, Sandur in Karnataka

NMDC Production at 13-14 million tonnes of iron ore per year in the state, is the largest public sector miner

Company: Indusind Bank

Update Type: Major Shareholder Transaction

Summary: Transaction by IndusInd Intl Holdings, promoter group, mode: Not Applicable.

Company: Samhi Hotels

Update Type: Major Shareholder Transaction

Summary: Sumitomo Mitsui sold shares, not a promoter. Before: 14,124,804. After: 10,961,220. Open market.

Company: Almondz Global Sec

Update Type: Major Shareholder Transaction

Summary: Rakam Infrastructures Pvt Ltd, promoter group, acquired 149000 shares, mode: open market

PRAJ INDUSTRIES: HON’BLE MINISTER SHRI NITIN GADKARI INAUGURATES INDIA’S FIRST NATIONAL HIGHWAY USING BIO- BITUMEN DEVELOPED BY PRAJ INDUSTRIES

PRAJ INDUSTRIES: CO SAYS THIS GREEN CONSTRUCTION MATERIAL, WITH A BLENDING CAPACITY OF UP TO 15%, OFFERS SIGNIFICANT BENEFITS, INCLUDING A 70% REDUCTION IN GREENHOUSE GAS (GHG) EMISSIONS COMPARED TO FOSSIL-BASED BITUMEN.

ET NOW On The Go: Bengaluru Edition 🚀

"Mumbai will be the most profitable market on paper other than Bangalore," says Irfan Razack of Prestige Estates

Company: CentralBank of India

Update Type: Credit Rating Changed

Summary: Ind-Ra upgrades CBOI to 'IND AA'/Stable

Company: Blue Cloud Softech

Update Type: Press Release 📰

Summary: Blue Cloud Softech Solutions successfully completed a BioSter AI sterilization project in the US, costing USD 32,000. This enhances their global AI solution capabilities.

Market extends gains, trading at day's high, all sectoral indices trading in the green

SOLAR 91 CLEANTECH-SME IPO

• IPO bidding postponed for anchor investors and retail investors till further notice

• BSE says in view of certain queries raised by complainants in media, same needs further examination

• Anchor book was scheduled to open today and for retail investors tomorrow

• Alert-Book Running Lead Manager Is Narnolia Financial Services

Coastal Corp has approved a stock split of 1 share into 5 shares.

Praj Industries celebrates the inauguration of India's first national highway using bio-bitumen, developed by the company, by Hon’ble Minister Shri Nitin Gadkari.

Praj Industries introduces a green construction material with a blending capacity of up to 15%, offering a 70% reduction in GHG emissions compared to fossil-based bitumen. A game changer for sustainable infrastructure!

Company: L&T Technology Serv.

Update Type: Press Release 📰

Summary: L&T Technology Services expands its collaboration with Siemens, introducing a Digital Manufacturing Academy to train 500 professionals and organizing client workshops to boost digital transformation and innovation across several sectors.

Don't see any revenue or volume growth in FY25, impact of Karnataka duty + rise in iron ore prices would lead to Rs 3,000/tonne price hikeCopied from stockaajorkal telegram channel

Finding it very difficult to increase prices due to China dumping, would want the scope of dumping investigation to be expanded beyond flat rolled products

RK Goyal, MD , Kalyani Steels to CNBC-TV18

GMM PFAUDLER

Subsidiary PFAUDLER GmbH to acquire 51% stake of a limited liability company in Poland.

This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing our global manufacturing capabilities and competitiveness.

The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.

Investment of PLN 12.2 million (~ 25.3 crore) will be made to establish this facility and the transaction will be funded through internal accruals

HCC completes a claims settlement with A client for ₹180 Cr

#RupeeCheck | Rupee Opens At 84.37/$ Vs Friday’s Close Of 84.45/$

Bulls are getting Tech Savvy it seems 🐂 🖥️

DAM Capital says it’s Time to go overweight 🏋️‍♀️

🇺🇸 Trump Is good for Tech
💵 Dollar likely to appreciate
🤩 Nifty IT earnings could outpace Nifty50 EPS

#StockMarket #Nifty

#IGL hikes CNG price by ₹2/kg in areas except Delhi w.e.f November 23

NIFTY TO OPEN 352 PTS GAP UP

Edelweiss plans minority stake sale in its mutual fund unit, valued up to $800M.

ADANI STOCKS TO OPEN GAP UP 🟢🟢

MACQUARIE INDIA STRATEGY

BJP+: A resounding victory; populism is back

• The government gives Rs 1.5k cash directly into the accounts of women per month

The government has promised to increase this to Rs2.1k after getting elected again

As a result, the voter turnout among women increased from 59.3% in the 2019

state elections to 65.2% in 2024

The result of this fiscal policy is that Maharashtra's fiscal deficit will exceed targets set for the state at 3%

The state will have to cut capex to meet the targets

Overall, capex will need to increase by a significant -52% at the central government level and -40% at the state level in H2FY25

ELARA ON MAHARASHTRA ELECTIONS

• Markets will take solace from policy continuity especially shrugging the fear of NDA's waning popularity

• Expect market strategy to turn aggressive on Monday despite global headwinds like stronger Dollar and geopolitical concerns

Jofra Archer, Trent Boult and T Natarajan among the pacers to receive the highest bids; Noor Ahmad among the costliest spinners

*News Headlines from Business News Agencies :*

*Business Standard :*

📝 Major port cargo contracts by 3.2% to 68.22 mmt in October, shows data

📝 Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds

📝 Urban demand needs an upward spiral: ITC Executive Director Bhargavan

📝 FMCG distributors write to Finance Ministry on quick-commerce practices

📝 India-dedicated fund outflows hit largest since June 2022: Elara Capital

📝 Govt should add coking coal to critical minerals list: Niti report

📝 NGEL to invest Rs 2 trillion in Andhra for renewable energy projects

📝 SBI launches low-cost tailored vehicle loan for Uber's fleet partners

📝 Raymond receives NOC from exchanges for demerger of its realty business

📝 Flipkart's Binny Bansal steps down from fintech major PhonePe board

📝 Govt extends deadline for electric construction equipment safety compliance

📝 Advent agrees to sell Manjushree Technopack to PAG for nearly $1 billion

📝 After Mercedes, BMW India announces price hike of up to 3% from January


*Economic Times :*

📝 India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top

📝 India Inc’s interest cover weakens in Q2 amid slowing revenue, profit growth

📝 FSIB recommends Binod Kumar for post of Indian Bank MD & CEO

📝 CCI rejects Apple request to put antitrust report on hold

📝 Central Bank of India gets RBI nod to enter insurance biz through JV with Generali group

📝 AkzoNobel India approves selling company's immovable properties

📝 Sony bags Asian Cricket Council media rights till 2031

📝 Centre readies Technology Collaboration Portal to bridge chemical makers and research institutions

📝 Trai asks telcos to publish coverage maps on websites

📝 German GDP downgraded in new blow for struggling economy

📝 Hyundai recalls over 145,000 electrified US vehicles on loss of drive power

📝 Centre releases 15th Finance Commission grant for rural local bodies in Karnataka


*Mint :*

📝 India's food processing industry spurs FMCG fresher jobs hiring; rising to 32% in H2FY24

📝 Finance COP fails to offer adequate finance to developing countries for climate

📝 India announces $5 billion incentive to boost electronics manufacturing

📝 Demand from Europe fuels recovery in Indian textile exports

📝 IIFCL seeks infra tag for space sector; keen to finance satellite vehicles manufacturing: MD

📝 Auto Sector Q2 Review: OEMs struggle, 2W demand supports ancillaries

📝 Mumbai, Delhi lead surge in demand for luxury residential properties in APAC

📝 Services sector boosts business activity as manufacturing growth slows in Nov

📝 India at CoP-29: Push for climate finance and strengthen domestic sources

📝 Zepto raises another $350 million in third fundraise in six months

📝 Bulk drug makers to benefit from price stability but need to improve efficiency

📊Ready, set, trade! Keep an eye on these stocks as they set the market abuzz

Top PSU stocks off their 52-week highs: Ircon (-47%), New India Assurance (-46%), MRPL (-46%), MMTC (-44%), more 📉

📈Nifty hits 1 week high to close above 200-DMA; SBI, TCS lead

📊Get ready for today's trading session with the latest global and Indian markets news wrap!

➡️European Markets Were Expected To Open In Mixed Territory On Friday, As Investors Awaited Corporate Results And Reacted To Quarter-Point Interest Rate Cuts From The U.S. Federal Reserve And Bank Of England; European Futures; DAX (+0.12%); CAC (-0.44%

"Strong demand for experiential tourism on domestic front" says Puneet Chhatwal of IHCL in a conversation with ET NOW.

Escorts says

🚜 Expect combined Market Share at 12-12.5% by end of FY25
🚜 Kubota sales strong in Oct 2024
🚜 Exports will scale to 15% in 4-5 Yrs vs sub 5% now
☹️Expected higher valuation for rail biz incomparison to what it was sold at

KCP Q2 ; CONS NET PROFIT AT 38.4CR V 17.7CR (YOY)

REVENUE AT 601CR V 703CR (YOY)

EBITDA AT 114CR V 73.8CR (YOY)

MARGIN AT 18.94% V 10.54%

MRF Q2 ; CONS NET PROFIT AT 472CR V 571CR (YOY)

REVENUE AT 6881 CR V 6217 CR

EBITDA AT 1010CR V 1132CR (YOY)

MARGIN AT 14.72% V 18.54%

FLAIR WRITING Q2 ; CONS NET PROFIT AT  33CR V 33.3CR (YOY)

REVENUE AT 271CR V 251CR (YOY)

EBITDA AT 50.6CR V 53.8CR (YOY)

MARGIN AT 18.74% V 21%

CHEVIOT Q2 ; SL NET PROFIT AT 18.5CR V 19.7CR (YOY)

REVENUE AT 105CR V 125CR (YOY)

EBITDA AT 10.3CR V 15.1CR (YOY)

MARGIN AT 10.03% V 12.05%

SUTLEJ TEXTILES Q2 ; CONS NET LOSS AT 18.5CR V LOSS 49.4CR (YOY)

REVENUE AT 682CR V 735CR (YOY)

EBITDA AT 12CR V LOSS 35.4CR (YOY)

MARGIN AT 1.75%

SWIGGY IPO FULLY SUBSCRIBED ON DAY 3

IMAGICAAWORLD Q2 :CONS NET LOSS AT 6.59 CR V 57.37 CR LOSS (YOY), 66.12 CR PROFIT(QOQ)

REVENUE UP 12 % AT 39.9 CR (YOY) ,DOWN 78 % (QOQ)

EBITDA LOSS AT 3.79 CR V 4.27 CR PROFIT (YOY),110.4 CR PROFIT (QOQ)

MARGINS AT -9.5 % V 11.91% (YOY), 60 % (QOQ)

MAHINDRA Q2 CONCALL HIGHLIGHTS

Automotive Segment

Demand: Strong retail growth during the festive season. Dealer inventory below 30 days. Projected UV growth of 15-18% in FY25 (Urban 52%, Rural 48%).

Capacity: Capacity up 10% to 54k units, aiming for full fungibility in 3-4 months.

Outlook: FY25 growth target of 15-18%, with higher Q3 marketing costs for new electric models. Targeting 10% EBIT margin.

Price Cuts: XUV 700 premium variant price cuts improved mix; top variants now 75-77% of sales.

Market Share: Q2 volumes up 18% YoY to 136k units; revenue share at 21.9%.

NRB BEARING Q2 :CONS NET PROFIT UP 47 % AT 301CR (YOY), UP 41 % (QOQ)

REVENUE UP 8 % AT 301 CR (YOY) ,UP 4 % (QOQ)

EBITDA UP 14 % AT 51.8 CR (YOY),UP 22 %(QOQ)

MARGINS AT 17.2 % V 16.3 % (YOY), 14.6 % (QOQ)

LUPIN Q2 RESULT V ESTIMATES

Net Profit At ₹852.6 Cr Vs EST ₹746.7 Cr

Revenue At ₹5,672.7 Cr Vs EST ₹5,564.8 Cr

EBITDA At ₹1,340.4 Cr Vs EST ₹1,220.4 Cr

Margin At 23.6% Vs EST 22%

WIPRO ; Wipro Launches ‘Google Gemini Experience Zone’ to Accelerate AI-Driven Innovation for Enterprises

CUMMINS INDIA Q2 :ST NET PROFIT UP 37 % AT 450 CR (YOY),UP 7 % (QOQ)

REVENUE UP 31 % AT 2492 CR (YOY) ,UP 8% (QOQ)

EBITDA UP 42% AT 481 CR (YOY),UP 3 %(QOQ)

MARGINS AT 19.3 % V 17.83 % (YOY), 20.3% (QOQ)

Fed cuts interest rates by 25 BPS to 4.75%.

CLEAN SCIENCE TECH Q2 ; SL NET PROFIT AT 67.5CR V 51.9CR (YOY)

REVENUE AT 231CR V 182CR (YOY)

EBITDA AT 94.5CR V 75.6CR (YOY)

MARGIN AT 41.44% V 41.71%

JUBILANT FOODWORKS: Company approved making investments upto Rs. 40 Crores (or its equivalent in Euro) in Jubilant Foodworks Netherlands B.V., wholly owned subsidiary of the Company in Netherlands.

GOLDIAM INTL Q2 ; CONS NET PROFIT AT  22.1CR V 23.5CR (YOY)

REVENUE AT 137CR V 112CR (YOY)

EBITDA AT 30.5CR V 27.4CR (YOY)

MARGIN AT 22.28% V 20.51%

Waaree Energies IPO GMP Back in Action

Latest GMP 1300 (86%)

MEGHMANI ORGANICS Q2 :CONS NET LOSS AT 9.26 CR V -15.33 CR (YOY), -16.75 CR LOSS (QOQ)

REVENUE UP 44 % AT 544 CR (YOY) ,UP 31 % (QOQ)

EBITDA UP 303 % AT 30.57 CR (YOY),UP 422 %(QOQ)

MARGINS AT 5.62 % V 2 % (YOY), 1.41 % (QOQ)

ICICI BANK Q2 ; ST NET PROFIT UP 14 % TO 11,745 CR YOY

NII UP 10 % TO 20,048 CR YOY, UP 3 % QOQ

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)

JAYANT AGRO Q2 :CONS NET PROFIT DOWN 13 % AT 13.74 CR (YOY), DOWN 12 % (QOQ)

REVENUE UP 11 % AT 598 CR (YOY) ,DOWN 17 % (QOQ)

EBITDA UP 4 % AT 28.28 CR (YOY),DOWN 9 %(QOQ)

MARGINS AT 4.72 % V 5.05 % (YOY), 4.32 % (QOQ)

ANUP ENGINEERING Q2 :ST NET PROFIT UP 49 % AT 32.3 CR (YOY),UP 36 % (QOQ)

REVENUE UP 34 % AT 187.3 CR (YOY) ,UP 30 % (QOQ)

EBITDA UP 13 % AT 42.93 CR (YOY),UP 31%(QOQ)

MARGINS AT 22.85 % V 27.12 % (YOY), 22.7 % (QOQ)

CDSL: Company became the first depository to register 13.5+ crore demat accounts as on September 30, 2024

CMS INFO Q2 :CONS NET PROFIT UP 8 % AT 90.9 CR (YOY),FLAT % (QOQ)

REVENUE UP 15 % AT 624 CR (YOY) ,UP 4 % (QOQ)

EBITDA UP 5 % AT 153 CR (YOY),UP 1%(QOQ)

MARGINS AT 24.5 % V 26.7 % (YOY), 25.4 % (QOQ)

HIMATSINGKA SEIDE ; CO. LAUNCHED QIP FOR FUND RAISING, FIXES FLOOR PRICE AT 154.31/SHARE

EKI ENERGY: Company have considered and approved striking off of Enking International FZCO, Dubai, wholly owned subsidiary of the Company.

MAX ESTATES Q2 :CONS NET PROFIT AT 2.15CR V 0.2 CR PROFIT (YOY), V 1.57 CR PROFIT (QOQ)

REVENUE UP 96% AT 40.17CR (YOY) ,DOWN 1% (QOQ)

EBITDA AT 7.7CR V 0.88 CR LOSS (YOY),V 6.47(QOQ)

MARGINS 19.2% V -4.2% (YOY), 15.98% (QOQ)

SHAKTI PUMPS (INDIA): Q2 CONS NET PROFIT 1B RUPEES VS 59M (YOY); 927M (QOQ) || Q2 REVENUE 6.34B RUPEES VS 1.53B (YOY)

SHAKTI PUMPS (INDIA): Q2 EBITDA 1.5B RUPEES VS 152M (YOY) || Q2 EBITDA MARGIN 23.46% VS 9.94% (YOY)

URJA GLOBAL Q2 :CONS NET PROFIT DOWN 61% AT 0.35CR (YOY), UP 6% (QOQ)

REVENUE UP 78% AT 19.5CR (YOY) ,UP 88% (QOQ)

EBITDA DOWN 57% AT 0.34CR (YOY),DOWN 13%(QOQ)

MARGINS 1.74% V 7.2% (YOY), 3.75% (QOQ)

WAA SOLAR Q2 :CONS NET LOSS AT 1.42CR V 4.36 CR PROFIT (YOY), V 0.17 CR PROFIT (QOQ)

REVENUE DOWN 39% AT 14.38CR (YOY) ,UP 379% (QOQ)

EBITDA DOWN 72% AT 4.69CR (YOY),UP 184%(QOQ)

SANGAM INDIA Q2 :CONS NET PROFIT DOWN 48% AT 5.55 CR (YOY), DOWN 61% (QOQ)

REVENUE UP 7% AT 675.6CR (YOY) ,DOWN 3% (QOQ)

EBITDA UP 19% AT 55.62CR (YOY),DOWN 17%(QOQ)

MARGINS 8.23% V 7.4% (YOY), 9.7% (QOQ)

KRSNAA DIAGNOSTIC Q2 :CONS NET PROFIT UP 84% AT 19.5CR (YOY), UP 10% (QOQ)

REVENUE UP 20% AT 186.3CR (YOY) ,UP 9% (QOQ)

EBITDA UP 171% AT 49.3CR (YOY),UP 16%(QOQ)

MARGINS 26.46% V 11.7% (YOY), 25% (QOQ)

DIXON TECH: Dixon Electroconnect Private Limited and Dixon IT Devices Private Limited has been incorporated as wholly Owned Subsidiary companies of Company.

Few people posing as ED officers were conducting a fake ED search at Ashoka Avenue, DLF Farms, Chattarpur, Delhi. The fake ED officers have taken the victim to Kotak bank, Hauz Kauz to withdraw ₹5 crore from the bank account, says Directorate of Enforcement

ITD CEMENTATION ; VINOD ADANI'S ENTITY RENEW EXIM DMCC TO BUY 46.64 % STAKE IN ITDC FOR RS 3204 CR

VINOD ADANI'S ENTITY TO BUY ADDITIONAL 26 % STAKE IN ITDC CEMENTATION FOR RS 2554 CR @ ₹ INR 571.68/SHARE

TOTAL 72.6 % STAKE FROM PROMOTER, SHAREHOLDERS FOR RS 5748 CR

Goldiam opens third retail location for ORIGEM brand.

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

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

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

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]

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

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

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 %

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

SHP UPDATE:🚨

Stanley Lifestyles

Mukul Agrawal name appears with 1.58% stake

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 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

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

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

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

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

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

(MODE YET TO BE ANNOUNCED)

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

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.

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