*News Headlines from Business News Agencies :*
*Business Standard :*
SBI General Insurance result: Net profit jumps 28% to Rs 240 cr in FY24
Coromandel International Q4 results: Profit falls 35% to Rs 160 crore
Happiest Minds to acquire Noida-based PureSoftware for $94.5 million
Welspun Living Q4 results: Net Profit increases 16% to Rs 146 crore
Mumbai realty sees 38% increase in property registration in Q1 2024: Report
Hyundai Motor's Q1 profit drops 2.4%, hurt by weak domestic sales
Senate passes bill forcing ByteDance to divest TikTok's US ops or face ban
Q1 results: BNP Paribas beat estimates as lower costs offset trading slump
Comm min working on infra to achieve $1 tn exports by 2030: Official
FSSAI collects samples of Nestle Cerelac's baby cereals amid sugar row
Despite uncertainties, services exports grow 11.4% in 2023: UNCTAD report
EU flagged cancer-causing chemicals in 527 Indian food products: Report
*Economic Times :*
Vedanta Q4 Results: Net profit drops 27% YoY to Rs 1,369 crore
Embassy REIT's Q4 Results: Net operating income up 13% to Rs 766 cr
Glenmark Life Q4 Results: Net profit dips 33% to Rs 98 crore
Telcos need to invest in AI, large apps need to share revenue: COAI
Cred launches offline QR code-based ‘scan and pay’ payments
Puravankara arm Provident Housing raises Rs 1,150 crore from HDFC Capital
ITC plans to open more hotels overseas: Sanjiv Puri
Radisson Hotel Group expands portfolio with Svelte Delhi, to be operational by Q3 2024
FlashAid raises $2.5 million in funding round led by Piper Serica Angel Fund, SOSV
Hyundai plans to scale up production capacity, introduce more EVs in India
Godrej Electricals & Electronics secures orders worth over Rs 1,000 cr in FY'24
Kolkata records 17% Y-o-Y surge in property registrations in March 2024
*Mint :*
IndusInd Bank Q4 Results: Net profit increases 15% YoY ₹2,346 crore
Tech Mahindra Q4 Results: Net profit at ₹661 crore, revenue at ₹12,871 crore
Nestle India Q1 net profit rises 27% to ₹934 crore, revenue up 9% YoY
IndiGo places order for 30 Airbus A350 aircraft
Lenskart in talks for $200mn funds from Temasek, Fidelity, eyeing $5bn valuation
JioCinema announces new ad-free premium plan for ₹29 a month
JNK India IPO subscribed 26.81 times on the last day of bidding process
Audi to raise prices of cars in India by 2 per cent from June 2024: Report
Improved US biotech funding to aid FY25 growth- Jonathan Hunt, MD & CEO, Syngene
Swiggy gets shareholder approval for $1.2 billion IPO: Report
Govt allows sugar mills to use existing stocks of B heavy molasses for ethanol
India's oil imports from Russia drops in Feb, Saudi Arabia 2nd largest supplier
T.me/AlliesFin
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Friday 26 April 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Bharat India Daybook Stocks in News
T.me/AlliesFin
*Rites:* Company entered into a MOU with Ultratech for project management consultancy services of rail infra projects (Positive)
*Biocon: Co Says Scheme Of Amalgamation Of Biofusion Therapeutics With Biocon Pharma Approved By Indian Tribunal. (Positive)
*Cyient:* Company Q4 earnings Net profit up 28.5% at ₹196.9 cr vs ₹153.2 cr, Revenue up 2.2% at ₹1860.8 cr vs ₹1,821.4 cr (QoQ) (Positive)
*Zensar Tech:* Net profit up 45.4% at ₹173.3 cr vs ₹119.2 cr, Revenue up 1.4% at ₹1,229.7 cr vs ₹1,212.6 cr (YoY). (Positive)
*Som Distilleries:* Net profit at ₹20 cr vs ₹15.9 cr, Revenue up 51.1% at ₹381.6 cr vs ₹252.6 cr (YoY) (Positive)
*Jai Balaji:* Net profit Rs 273 crore vs loss Rs 13.1 crore, revenue Rs 1846 crore vs Rs 1724 crore (YOY) (Positive)
*GG Engineering:* Net profit Rs 8.1 crore vs Rs 5.3 crore, revenue Rs 76 crore vs Rs 24.9 crore (YOY) (Positive)
*Aavas Fin:* Net profit Rs 143 crore vs Rs 127 crore, revenue Rs 546 crore vs Rs 449 crore (YOY) (Positive)
*Puravankara:* Company arm Provident Housing secures ₹1,150 cr investment from HDFC Capital. The investment is for 6.2 msf of new residential projects with a combined GDV of ₹17,100 cr. (Positive)
*SJVN:* Company unit incorporates joint venture with Assam Power Distribution Company (Positive)
*IndiGo:* Company places order for 30 Airbus A350 jets. (Positive)
*PSP Projects:* Compay approves allocation of 36 lakh shares to eligible qualified institutional buyers at Rs 670 apiece. (Positive)
*L&T Tech:* Company unveils strategic reorganization. (Positive)
*REC:* Company avails green loan of 60.5 billion Japanese Yen from Italian export credit agency SACE. (Positive)
*Sandur Manganese:* Company to acquire 80% stake in Arjas Steel Private at an enterprise value of Rs 3,000 crore. (Positive)
*Macrotech:* Company expects pre-sales to grow about 20% in the year to March after reporting its highest-ever quarterly revenue. (Positive)
*Tata Steel:* Company has agreed detailed terms with the UK Government on the proposed grant package to support the £1.25 billion investment (Positive)
*CRISIL:* Company’s unit gets SEBI license to commence the business of ESG Ratings Provider. (Positive)
*Indusind Bank:* NII at Rs 5376 crore versus poll of Rs 5472 crore, Net profit at Rs 2349 crore versus poll of Rs 2403 crore (Neutral)
*Vedanta Ltd:* Net profit down 27.4% at ₹2,273 cr vs ₹3,132 cr (YoY), Revenue down 6.4% at ₹35,509 cr vs ₹37,930 (YoY) (Neutral)
*Welspun Living:* Net profit up 16.4% at ₹146 cr vs ₹125.4 cr (YoY), Revenue up 19.6% at ₹2,575.2 cr vs ₹2,154 cr (YoY) (Neutral)
*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)
*Bajaj Fianance:* Net profit at ₹3,824.5 cr vs poll of ₹3,888.7 cr, Gross NPA at 0.85% vs 0.95% (QoQ) (Neutral)
*Happiest Minds:* Company to acquire Pure Software Technologies for Rs 779 crore. (Neutral)
*BHEL:* Company appoints Koppu Sadashiv Murthy as CFO. (Neutral)
*Tata Motors:* Company and Tata Motors DVR merger proposal voting commences on April 25 (Neutral)
*LIC:* Company board approves infusion of approximately Rs 14 crore in Life Insurance Corporation (Lanka) (Neutral)
*Zensar Tech:* Company CFO Sachin Zute resigns effective May 3 (Neutral)
*Adani Ent:* Company to consider Q4 Results and Dividend on 02nd May 2024. (Neutral)
*Coromandel International:* Arun Alagappan appointed as Executive Chairman of Company (Neutral)
*Glenmark Life:* Net profit down 33% at ₹98 cr vs ₹146.3 cr (YoY), Revenue down 13.6% at ₹536.5 cr vs ₹621.3 cr (YoY)
*Tech Mahindra:* Net profit plunged almost 41% to ₹661 crore for Q4 FY24, the revenue dropped by 6.2% year-on-year to Rs 12,871 crore.
*Schaeffler:* Company reported a 25.3% YoY fall in net profit at ₹219.7 crore, revenue increased 10.6% to ₹1,873.1 crore against ₹1,693.6 crore YoY
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
T.me/AlliesFin
*Rites:* Company entered into a MOU with Ultratech for project management consultancy services of rail infra projects (Positive)
*Biocon: Co Says Scheme Of Amalgamation Of Biofusion Therapeutics With Biocon Pharma Approved By Indian Tribunal. (Positive)
*Cyient:* Company Q4 earnings Net profit up 28.5% at ₹196.9 cr vs ₹153.2 cr, Revenue up 2.2% at ₹1860.8 cr vs ₹1,821.4 cr (QoQ) (Positive)
*Zensar Tech:* Net profit up 45.4% at ₹173.3 cr vs ₹119.2 cr, Revenue up 1.4% at ₹1,229.7 cr vs ₹1,212.6 cr (YoY). (Positive)
*Som Distilleries:* Net profit at ₹20 cr vs ₹15.9 cr, Revenue up 51.1% at ₹381.6 cr vs ₹252.6 cr (YoY) (Positive)
*Jai Balaji:* Net profit Rs 273 crore vs loss Rs 13.1 crore, revenue Rs 1846 crore vs Rs 1724 crore (YOY) (Positive)
*GG Engineering:* Net profit Rs 8.1 crore vs Rs 5.3 crore, revenue Rs 76 crore vs Rs 24.9 crore (YOY) (Positive)
*Aavas Fin:* Net profit Rs 143 crore vs Rs 127 crore, revenue Rs 546 crore vs Rs 449 crore (YOY) (Positive)
*Puravankara:* Company arm Provident Housing secures ₹1,150 cr investment from HDFC Capital. The investment is for 6.2 msf of new residential projects with a combined GDV of ₹17,100 cr. (Positive)
*SJVN:* Company unit incorporates joint venture with Assam Power Distribution Company (Positive)
*IndiGo:* Company places order for 30 Airbus A350 jets. (Positive)
*PSP Projects:* Compay approves allocation of 36 lakh shares to eligible qualified institutional buyers at Rs 670 apiece. (Positive)
*L&T Tech:* Company unveils strategic reorganization. (Positive)
*REC:* Company avails green loan of 60.5 billion Japanese Yen from Italian export credit agency SACE. (Positive)
*Sandur Manganese:* Company to acquire 80% stake in Arjas Steel Private at an enterprise value of Rs 3,000 crore. (Positive)
*Macrotech:* Company expects pre-sales to grow about 20% in the year to March after reporting its highest-ever quarterly revenue. (Positive)
*Tata Steel:* Company has agreed detailed terms with the UK Government on the proposed grant package to support the £1.25 billion investment (Positive)
*CRISIL:* Company’s unit gets SEBI license to commence the business of ESG Ratings Provider. (Positive)
*Indusind Bank:* NII at Rs 5376 crore versus poll of Rs 5472 crore, Net profit at Rs 2349 crore versus poll of Rs 2403 crore (Neutral)
*Vedanta Ltd:* Net profit down 27.4% at ₹2,273 cr vs ₹3,132 cr (YoY), Revenue down 6.4% at ₹35,509 cr vs ₹37,930 (YoY) (Neutral)
*Welspun Living:* Net profit up 16.4% at ₹146 cr vs ₹125.4 cr (YoY), Revenue up 19.6% at ₹2,575.2 cr vs ₹2,154 cr (YoY) (Neutral)
*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)
*Bajaj Fianance:* Net profit at ₹3,824.5 cr vs poll of ₹3,888.7 cr, Gross NPA at 0.85% vs 0.95% (QoQ) (Neutral)
*Happiest Minds:* Company to acquire Pure Software Technologies for Rs 779 crore. (Neutral)
*BHEL:* Company appoints Koppu Sadashiv Murthy as CFO. (Neutral)
*Tata Motors:* Company and Tata Motors DVR merger proposal voting commences on April 25 (Neutral)
*LIC:* Company board approves infusion of approximately Rs 14 crore in Life Insurance Corporation (Lanka) (Neutral)
*Zensar Tech:* Company CFO Sachin Zute resigns effective May 3 (Neutral)
*Adani Ent:* Company to consider Q4 Results and Dividend on 02nd May 2024. (Neutral)
*Coromandel International:* Arun Alagappan appointed as Executive Chairman of Company (Neutral)
*Glenmark Life:* Net profit down 33% at ₹98 cr vs ₹146.3 cr (YoY), Revenue down 13.6% at ₹536.5 cr vs ₹621.3 cr (YoY)
*Tech Mahindra:* Net profit plunged almost 41% to ₹661 crore for Q4 FY24, the revenue dropped by 6.2% year-on-year to Rs 12,871 crore.
*Schaeffler:* Company reported a 25.3% YoY fall in net profit at ₹219.7 crore, revenue increased 10.6% to ₹1,873.1 crore against ₹1,693.6 crore YoY
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Pre MKT. UPDATES :
T.me/AlliesFin
GIFT Nifty +13 pts (22658) from last trade 22645 ,
Nikkei +81 pts ,
Hangseng +52 pts ,
Dow -375.12 pts ,Nsdq -100.99 pts, S&P
-23.21 pts , Bovespa -95 pts , Ftse +38 pts , Dax -171 pts , Cac -75 pts , Crude @ $83.81 brl (+0.24), Brent @ $89.01 brl (+0.00) , Gold @ 2344.20 (+1.70), Silver $27.445 (+0.09), Euro @ $1.0728, JPY @ $155.57, INR @ 83.265
US GOVT. 10-YR YIELD : 4.70%
*Today's Corporate Action , 26 Apr Ex Date :*
BANASFN
Right Issue of Equity Shares
CTL
E.G.M.
ISEC
Interim Dividend - Rs. - 17.0000
VIVIDM
E.G.M.
*Today's Key Results/Board Meetings, 26-Apr-24 :*
ABHIJIT
Audited Results
ABSLAMC
Audited Results;Final Dividend
AIKPIPES
General
ALSTONE
Audited Results
ARCFIN
General
ARCL
Audited Results
ATUL
Audited Results;Dividend
BAJAJFINSV
Audited Results;Final Dividend
BAJAJHLDNG
Audited Results;Final Dividend
CILSEC
Audited Results
CSBBANK
Audited Results
DOLATALGO
Audited Results
DPL
Bonus issue;Stock Split
EVEREADY
Audited Results;Final Dividend
FORCEMOT
Audited Results;Final Dividend
GALACTICO
Audited Results;General;Quarterly Results
HCLTECH
Audited Results;Interim Dividend
HILIKS
Issue Of Warrants;General
IBREALEST
Audited Results
KSB
Quarterly Results;Stock Split
LKPFIN
Audited Results;Final Dividend
MAHABANK
Audited Results;Final Dividend;General
MAHLIFE
A.G.M.;Audited Results;Final Dividend
MARUTI
Audited Results;Final Dividend
MASTEK
Audited Results;Final Dividend
MEDINOV
Audited Results;General
MHRIL
A.G.M.;Audited Results
MOTILALOFS
Audited Results;Bonus issue
NDTV
Audited Results
PAISALO
Audited Results;Final Dividend
PONNIERODE
Audited Results;Dividend
SBICARD
Audited Results
SBILIFE
Audited Results
SCL
Audited Results
SHAKTIPUMP
Quarterly Results;Audited Results;Final Dividend
SHREDIGCEM
Dividend;Audited Results
SHRIRAMFIN
Audited Results;Final Dividend;General;Quarterly Results
SUPREMEIND
Audited Results;Final Dividend
TDSL
General
TINEAGRO
Audited Results;Right Issue of Equity Shares;Increase in Authorised Capital;General
USHAMART
Audited Results;Final Dividend
UTKARSHBNK
Audited Results;Final Dividend;General
VISCO
Audited Results
VSTIND
Audited Results;Dividend
WELSPLSOL
Audited Results
*SEC. IN F&O BAN FOR, 26-Apr-24 :*
*1. IDEA*
*Today's Alert :*
*RBI to Conduct Auction of GOI BONDS for INR 320 Billion*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
T.me/AlliesFin
GIFT Nifty +13 pts (22658) from last trade 22645 ,
Nikkei +81 pts ,
Hangseng +52 pts ,
Dow -375.12 pts ,Nsdq -100.99 pts, S&P
-23.21 pts , Bovespa -95 pts , Ftse +38 pts , Dax -171 pts , Cac -75 pts , Crude @ $83.81 brl (+0.24), Brent @ $89.01 brl (+0.00) , Gold @ 2344.20 (+1.70), Silver $27.445 (+0.09), Euro @ $1.0728, JPY @ $155.57, INR @ 83.265
US GOVT. 10-YR YIELD : 4.70%
*Today's Corporate Action , 26 Apr Ex Date :*
BANASFN
Right Issue of Equity Shares
CTL
E.G.M.
ISEC
Interim Dividend - Rs. - 17.0000
VIVIDM
E.G.M.
*Today's Key Results/Board Meetings, 26-Apr-24 :*
ABHIJIT
Audited Results
ABSLAMC
Audited Results;Final Dividend
AIKPIPES
General
ALSTONE
Audited Results
ARCFIN
General
ARCL
Audited Results
ATUL
Audited Results;Dividend
BAJAJFINSV
Audited Results;Final Dividend
BAJAJHLDNG
Audited Results;Final Dividend
CILSEC
Audited Results
CSBBANK
Audited Results
DOLATALGO
Audited Results
DPL
Bonus issue;Stock Split
EVEREADY
Audited Results;Final Dividend
FORCEMOT
Audited Results;Final Dividend
GALACTICO
Audited Results;General;Quarterly Results
HCLTECH
Audited Results;Interim Dividend
HILIKS
Issue Of Warrants;General
IBREALEST
Audited Results
KSB
Quarterly Results;Stock Split
LKPFIN
Audited Results;Final Dividend
MAHABANK
Audited Results;Final Dividend;General
MAHLIFE
A.G.M.;Audited Results;Final Dividend
MARUTI
Audited Results;Final Dividend
MASTEK
Audited Results;Final Dividend
MEDINOV
Audited Results;General
MHRIL
A.G.M.;Audited Results
MOTILALOFS
Audited Results;Bonus issue
NDTV
Audited Results
PAISALO
Audited Results;Final Dividend
PONNIERODE
Audited Results;Dividend
SBICARD
Audited Results
SBILIFE
Audited Results
SCL
Audited Results
SHAKTIPUMP
Quarterly Results;Audited Results;Final Dividend
SHREDIGCEM
Dividend;Audited Results
SHRIRAMFIN
Audited Results;Final Dividend;General;Quarterly Results
SUPREMEIND
Audited Results;Final Dividend
TDSL
General
TINEAGRO
Audited Results;Right Issue of Equity Shares;Increase in Authorised Capital;General
USHAMART
Audited Results;Final Dividend
UTKARSHBNK
Audited Results;Final Dividend;General
VISCO
Audited Results
VSTIND
Audited Results;Dividend
WELSPLSOL
Audited Results
*SEC. IN F&O BAN FOR, 26-Apr-24 :*
*1. IDEA*
*Today's Alert :*
*RBI to Conduct Auction of GOI BONDS for INR 320 Billion*
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Thursday 25 April 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
JUST IN: President Biden proposes a 44.6% capital gains tax, the highest in history.
The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals.
Indian markets - be prepared for the biggest rally of the decade
https://www.forbes.com/newsletters/andrewleahey/2024/04/24/biden-capital-gains-rate-proposal-446/?sh=3a14b0a31ff6
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals.
Indian markets - be prepared for the biggest rally of the decade
https://www.forbes.com/newsletters/andrewleahey/2024/04/24/biden-capital-gains-rate-proposal-446/?sh=3a14b0a31ff6
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
India Daybook Stocks in News
*ASK Auto motive:* Company in joint venture pact with Japan-based Aisin Group for selling auto components for cars. (Positive)
*Tejas Networks:* Company expects substantial benefits from PLI scheme over the next four years (Positive)
*Sterlite Technologies:* US-manufactured fiber optic cable products are compliant with Build America, Buy America (BABA) provisions of Infrastructure Investment& Jobs Act. (Positive)
*Axis Bank Q4:* Net profit at ₹7130 cr vs poll of ₹6215 cr, NII at ₹13089 cr vs poll of ₹12809 cr (Positive)
*Dalmia Bharat:* Net profit at ₹320 cr vs poll of ₹272 cr, Revenue at ₹4,307 cr vs poll of ₹4,125 cr. (Positive)
*PVR Inox:* Company launches advertising-free movie cinemas in select luxury properties. (Positive)
*RVNL:* Company declared lowest bidder for a southern railway project worth ₹239 Cr. (Positive)
*RITES:* Company signs MoU with DVC for Project Management Consultancy for rail infra works. (Positive)
*Suprajit Engineering:* Inauguration of new plant of Shanghai Lone Star Cable Co. Ltd. (Positive)
*NALCO:* KABIL signs MoU with CSIR-NGRI for geophysical investigations in critical & strategic minerals sector. (Positive)
*Hindustan Unilever:* Net profit at ₹2,406 cr vs poll of ₹2,438 cr, Net Revenues at ₹14,857 cr vs poll of ₹14,989 cr (Neutral)
*Syngene:* Net Profit up 5.5% at ₹188.6 cr vs ₹178.7 cr, Revenue down 7.8% At ₹916.9 Cr Vs ₹994.4 Cr (YoY) (Neutral)
*Indian Hotels Q4:* Net profit at ₹418 cr vs poll of ₹405 cr, Revenue at ₹1905 cr vs poll of ₹1869 cr (Neutral)
*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)
*Macrotech Developers Q4:* Net profit at ₹666 cr versus ₹744 cr, revenue at ₹4,019 cr versus ₹3,255 cr YoY (Neutral)
*Indian Bank:* FSIB recommends Asheesh Pandey for the position of MD & CEO in Indian Bank. (Neutral)
*State Bank:* Financial Services Institutions Bureau (FSIB) recommends Rana Ashutosh Kumar Singh for the position of MD in State Bank of India. (Neutral)
*Delta Corp:* Company incorporates joint venture Delta Penland Private as a wholly owned subsidiary. (Neutral)
*Jubilant Pharma:* U.S. FDA inspection at Radiopharmaceuticals manufacturing facility of Canada-based unit end with 5 observations. (Neutral)
*Reliance Industries:* Company acquires 100% stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV. (Neutral)
*ITC:* Company’s shareholders to meet on June 6 for hotels scheme of arrangement (Neutral)
*AU Small Finance Bank:* Net profit at ₹370.7 cr vs poll of ₹354.6 cr, Gross NPA at ₹1,237.4 cr vs ₹1,339.7 cr (QoQ) (Neutral)
*LTIM Q4:* Net profit at ₹1100 cr vs poll of ₹1130 cr, ₹ Revenue at ₹8,893 cr vs poll of ₹8,950 cr. (Neutral)
*Kotak Mahindra Bank:* Company barred by RBI from issuing new credit cards.
*Vedanta:* company order of temporary suspension of mining operations in respect of The A. NARRAIN iron ore mine
*Oracle Financial Q4:* PAT down 24% QoQ, revenue declines 10%
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*ASK Auto motive:* Company in joint venture pact with Japan-based Aisin Group for selling auto components for cars. (Positive)
*Tejas Networks:* Company expects substantial benefits from PLI scheme over the next four years (Positive)
*Sterlite Technologies:* US-manufactured fiber optic cable products are compliant with Build America, Buy America (BABA) provisions of Infrastructure Investment& Jobs Act. (Positive)
*Axis Bank Q4:* Net profit at ₹7130 cr vs poll of ₹6215 cr, NII at ₹13089 cr vs poll of ₹12809 cr (Positive)
*Dalmia Bharat:* Net profit at ₹320 cr vs poll of ₹272 cr, Revenue at ₹4,307 cr vs poll of ₹4,125 cr. (Positive)
*PVR Inox:* Company launches advertising-free movie cinemas in select luxury properties. (Positive)
*RVNL:* Company declared lowest bidder for a southern railway project worth ₹239 Cr. (Positive)
*RITES:* Company signs MoU with DVC for Project Management Consultancy for rail infra works. (Positive)
*Suprajit Engineering:* Inauguration of new plant of Shanghai Lone Star Cable Co. Ltd. (Positive)
*NALCO:* KABIL signs MoU with CSIR-NGRI for geophysical investigations in critical & strategic minerals sector. (Positive)
*Hindustan Unilever:* Net profit at ₹2,406 cr vs poll of ₹2,438 cr, Net Revenues at ₹14,857 cr vs poll of ₹14,989 cr (Neutral)
*Syngene:* Net Profit up 5.5% at ₹188.6 cr vs ₹178.7 cr, Revenue down 7.8% At ₹916.9 Cr Vs ₹994.4 Cr (YoY) (Neutral)
*Indian Hotels Q4:* Net profit at ₹418 cr vs poll of ₹405 cr, Revenue at ₹1905 cr vs poll of ₹1869 cr (Neutral)
*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)
*Macrotech Developers Q4:* Net profit at ₹666 cr versus ₹744 cr, revenue at ₹4,019 cr versus ₹3,255 cr YoY (Neutral)
*Indian Bank:* FSIB recommends Asheesh Pandey for the position of MD & CEO in Indian Bank. (Neutral)
*State Bank:* Financial Services Institutions Bureau (FSIB) recommends Rana Ashutosh Kumar Singh for the position of MD in State Bank of India. (Neutral)
*Delta Corp:* Company incorporates joint venture Delta Penland Private as a wholly owned subsidiary. (Neutral)
*Jubilant Pharma:* U.S. FDA inspection at Radiopharmaceuticals manufacturing facility of Canada-based unit end with 5 observations. (Neutral)
*Reliance Industries:* Company acquires 100% stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV. (Neutral)
*ITC:* Company’s shareholders to meet on June 6 for hotels scheme of arrangement (Neutral)
*AU Small Finance Bank:* Net profit at ₹370.7 cr vs poll of ₹354.6 cr, Gross NPA at ₹1,237.4 cr vs ₹1,339.7 cr (QoQ) (Neutral)
*LTIM Q4:* Net profit at ₹1100 cr vs poll of ₹1130 cr, ₹ Revenue at ₹8,893 cr vs poll of ₹8,950 cr. (Neutral)
*Kotak Mahindra Bank:* Company barred by RBI from issuing new credit cards.
*Vedanta:* company order of temporary suspension of mining operations in respect of The A. NARRAIN iron ore mine
*Oracle Financial Q4:* PAT down 24% QoQ, revenue declines 10%
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
*News Headlines from Business News Agencies :*
*Business Standard :*
RBI tells Kotak Mahindra Bank told to stop issuing new credit cards
LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%
Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery
Rapido to offer free rides to differently-abled voters in Karnataka
FSIB recommends Ashutosh Kumar for SBI MD, Asheesh Pandey for Indian Bank
JP Morgan CEO Dimon commends Modi govt for Aadhaar, poverty alleviation
GST, China imports emerge as major poll issues among lock industry traders
Nippon Life AMC Q4 results: Profit after tax jumps 73% to Rs 343 crore
Centre considering widening housing subsidy scope for urban poor under PMAY
SKA Group to invest Rs 600 cr to build premium housing project in Gr Noida
REITs, InvITs mobilise Rs 1.3 trillion in past four years: RBI data
EU raids Chinese security equipment firm over foreign subsidies concerns
*Economic Times :*
HUL Q4 Results: Net profit drops 6% YoY to Rs 2,406 crore
Tata Passenger Electric Mobility to supply 2,000 XPRES-T units to Vertelo
Realty developer Eldeco raises Rs 350 crore from HDFC Capital
Axis Bank board approves Rs 55,000 crore fundraise via mix of debt and equity
Indian Railways targets raking in Rs 5,400 crore from scrap sale
JioCinema set to disrupt SVOD market with Rs 30 per month subscription pack
IHG Hotels & Resorts to double presence in India with 100 operating hotels in five years
ADIF and IIT Guwahati incubation center sign MoU to boost startup ecosystem
India's pharma exports rise 10% to USD 27.9 bn in FY24
Tata Sons preparing for Tata Capital IPO with potential lookout for bankers: Report
Network-as-a-service provider CloudExtel raises Rs 200 crore debt
Boeing Q1 Results: Revenue declines 8%, first in 7 qtrs as deliveries decline
*Mint :*
Axis Bank Q4 Results: Net profit at ₹7,130 crore, NII rises 11.5% YoY
Tata Consumer Products expects tea volumes to grow in the mid-term
HUL Q4 results: Net profit at ₹2,406 crore, announces dividend of ₹24 per share
India-South Korea CEPA review talks likely in May or June
Bombay High Court dismisses Zee promoters’ petition against loan default order
AU Small Finance Bank Q4 results: Net profit at ₹370.7 crore
RVNL JV win project worth ₹439 cr from Southern Railway
Chennai Petro Q4 results: Net profit up 71.9% at ₹628 crore
GPT Infra bags order worth ₹487 cr from Central Railway, Mumbai
Govt's career service portal to compete with job websites
Trai to restart consultations on allocation of satcom airwaves
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
*Business Standard :*
RBI tells Kotak Mahindra Bank told to stop issuing new credit cards
LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%
Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery
Rapido to offer free rides to differently-abled voters in Karnataka
FSIB recommends Ashutosh Kumar for SBI MD, Asheesh Pandey for Indian Bank
JP Morgan CEO Dimon commends Modi govt for Aadhaar, poverty alleviation
GST, China imports emerge as major poll issues among lock industry traders
Nippon Life AMC Q4 results: Profit after tax jumps 73% to Rs 343 crore
Centre considering widening housing subsidy scope for urban poor under PMAY
SKA Group to invest Rs 600 cr to build premium housing project in Gr Noida
REITs, InvITs mobilise Rs 1.3 trillion in past four years: RBI data
EU raids Chinese security equipment firm over foreign subsidies concerns
*Economic Times :*
HUL Q4 Results: Net profit drops 6% YoY to Rs 2,406 crore
Tata Passenger Electric Mobility to supply 2,000 XPRES-T units to Vertelo
Realty developer Eldeco raises Rs 350 crore from HDFC Capital
Axis Bank board approves Rs 55,000 crore fundraise via mix of debt and equity
Indian Railways targets raking in Rs 5,400 crore from scrap sale
JioCinema set to disrupt SVOD market with Rs 30 per month subscription pack
IHG Hotels & Resorts to double presence in India with 100 operating hotels in five years
ADIF and IIT Guwahati incubation center sign MoU to boost startup ecosystem
India's pharma exports rise 10% to USD 27.9 bn in FY24
Tata Sons preparing for Tata Capital IPO with potential lookout for bankers: Report
Network-as-a-service provider CloudExtel raises Rs 200 crore debt
Boeing Q1 Results: Revenue declines 8%, first in 7 qtrs as deliveries decline
*Mint :*
Axis Bank Q4 Results: Net profit at ₹7,130 crore, NII rises 11.5% YoY
Tata Consumer Products expects tea volumes to grow in the mid-term
HUL Q4 results: Net profit at ₹2,406 crore, announces dividend of ₹24 per share
India-South Korea CEPA review talks likely in May or June
Bombay High Court dismisses Zee promoters’ petition against loan default order
AU Small Finance Bank Q4 results: Net profit at ₹370.7 crore
RVNL JV win project worth ₹439 cr from Southern Railway
Chennai Petro Q4 results: Net profit up 71.9% at ₹628 crore
GPT Infra bags order worth ₹487 cr from Central Railway, Mumbai
Govt's career service portal to compete with job websites
Trai to restart consultations on allocation of satcom airwaves
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Wednesday 24 April 2024
AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post
Tesla jumped by 14 percent in afterhours trade Tuesday as the electric vehicle maker's announcement that it was accelerating the launch of new EVs including affordable models overshadowed fiscal first-quarter results that fell short of estimates amid waning EV demand.
Visa shares climbed over 3% in after-hours trading Tuesday after the payment processor posted earnings and revenue that topped Wall Street expectations for the fiscal Q2 2024.
News Headlines from Business News Agencies:
Business Standard
RIL, JSW Neo, Amara Raja among 7 bidders for gigawatt battery production
General Motors beats quarterly results targets, raises annual forecast
Extreme weather conditions may pose risk to inflation, says RBI Bulletin
Spice Board of India tells Everest, MDH to give details of quality checks
Apple's Q1 smartphone shipments in China down by 19%, worst since 2020
Spotify Q1 results: Revenue increases by 14%, in line with estimates
Genpact launches artificial intelligence innovation centre in Gurugram
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
Lenovo launches Intel Core Ultra 9 powered IdeaPad Pro 5i laptop in India
Air India enters into codeshare pact with Japan's All Nippon Airways
UK businesses expand at fastest pace in 11 months, shows PMI survey
Patel Engineering launches QIP issue with floor price of Rs 59.50 per share
Economic Times
Agri exports fall 9 pc to $43.7 bn during Apr-Feb 2024 due to global, domestic factors
Telecom industry sees growth in AGR led by Bharti Airtel and Reliance Jio
Office space leasing expected to reach 61 million sq ft in 2024
NCLT adjourns hearing in Byju’s rights issue case to June 6
UP RERA penalises homebuyer for repeatedly filing complaint with the authority
Spotify's monthly user numbers miss estimates on lower promotions
FPI portfolio AUM hits record amid rising exposure to capital goods and auto stocks
WhiteOak Mutual Fund files draft with Sebi for Special Opportunities Fund
Awfis Space Solutions receives SEBI nod for IPO launch
Expect capex for EV components to cross Rs 25,000 cr in next 3-4 years: ICRA
Stellantis India to hike vehicle prices by up to Rs 17,000 from April 30
Mint
Cyient DLM Q4 results: Net profit rises to ₹22.7 cr, revenue at ₹362 crore
OPEC cuts and geopolitical tensions propel Brent crude up by over 13% in 2024
BharatPe launches payment device BharatPe One with integrated POS
Patanjali in court: SC pulls up company, warns FMCG firms against misleading ads
RBI sets premature redemption price for SGBs; investors to get ₹7,325 per unit
Paints Sector: Inflation and intensifying competition pose double threat
Tata Consumer Products Q4 Results: Net profit drops 22% to ₹267 crore
NSE to waive Transaction charges for F&O contracts on Nifty Next 50 Index
Nelco Q4 Result: Net profit rise to ₹6.1 cr, revenue at ₹81.6 crore
Rama Steel Tubes board approves raising funds up to ₹500 crore via share issue
Jaguar Land Rover (JLR) to recall 2,409 US vehicles as passenger airbag may tear
T.me/AlliesFin
Q4FY24 EARNING CALENDAR 24.04.2024
ANANTRAJ, AUBANK, AXISBANK, CHENNPETRO, DALBHARAT, DCBBANK, EQUITASBNK, HINDUNILVR, INDHOTEL, LODHA, LTIM, NAM-INDIA, OFSS, SPLPETRO, SYNGENE
AXIS BANK
* NII expected at Rs 12,777 crore versus Rs 11,742 crore
* EBIT expected to be seen at Rs 9161 crore versus Rs 9167 crore
* EBIT margin expected to be seen at 70.98% versus 55.1%
* Net profit expected to be seen at Rs 5286 crore versus of Rs 676 crore
HUL
* Revenue expected at Rs 12,112 crore versus Rs 15,215 crore
* EBITDA expected to be seen at Rs 3495 crore versus Rs 3574 crore
* EBITDA margin expected to be seen at 28.8% versus 23.5%
* Net profit expected to be seen at Rs 2468 crore versus of Rs 2520 crore
INDIAN HOTEL
* Revenue expected at Rs 1869 crore versus Rs 1625 crore
* EBITDA expected to be seen at Rs 660 crore versus Rs 535 crore
* EBITDA margin expected to be seen at 35.3% versus 32.9%
* Net profit expected to be seen at Rs 405 crore versus of Rs 328 crore
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Visa shares climbed over 3% in after-hours trading Tuesday after the payment processor posted earnings and revenue that topped Wall Street expectations for the fiscal Q2 2024.
News Headlines from Business News Agencies:
Business Standard
RIL, JSW Neo, Amara Raja among 7 bidders for gigawatt battery production
General Motors beats quarterly results targets, raises annual forecast
Extreme weather conditions may pose risk to inflation, says RBI Bulletin
Spice Board of India tells Everest, MDH to give details of quality checks
Apple's Q1 smartphone shipments in China down by 19%, worst since 2020
Spotify Q1 results: Revenue increases by 14%, in line with estimates
Genpact launches artificial intelligence innovation centre in Gurugram
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
Lenovo launches Intel Core Ultra 9 powered IdeaPad Pro 5i laptop in India
Air India enters into codeshare pact with Japan's All Nippon Airways
UK businesses expand at fastest pace in 11 months, shows PMI survey
Patel Engineering launches QIP issue with floor price of Rs 59.50 per share
Economic Times
Agri exports fall 9 pc to $43.7 bn during Apr-Feb 2024 due to global, domestic factors
Telecom industry sees growth in AGR led by Bharti Airtel and Reliance Jio
Office space leasing expected to reach 61 million sq ft in 2024
NCLT adjourns hearing in Byju’s rights issue case to June 6
UP RERA penalises homebuyer for repeatedly filing complaint with the authority
Spotify's monthly user numbers miss estimates on lower promotions
FPI portfolio AUM hits record amid rising exposure to capital goods and auto stocks
WhiteOak Mutual Fund files draft with Sebi for Special Opportunities Fund
Awfis Space Solutions receives SEBI nod for IPO launch
Expect capex for EV components to cross Rs 25,000 cr in next 3-4 years: ICRA
Stellantis India to hike vehicle prices by up to Rs 17,000 from April 30
Mint
Cyient DLM Q4 results: Net profit rises to ₹22.7 cr, revenue at ₹362 crore
OPEC cuts and geopolitical tensions propel Brent crude up by over 13% in 2024
BharatPe launches payment device BharatPe One with integrated POS
Patanjali in court: SC pulls up company, warns FMCG firms against misleading ads
RBI sets premature redemption price for SGBs; investors to get ₹7,325 per unit
Paints Sector: Inflation and intensifying competition pose double threat
Tata Consumer Products Q4 Results: Net profit drops 22% to ₹267 crore
NSE to waive Transaction charges for F&O contracts on Nifty Next 50 Index
Nelco Q4 Result: Net profit rise to ₹6.1 cr, revenue at ₹81.6 crore
Rama Steel Tubes board approves raising funds up to ₹500 crore via share issue
Jaguar Land Rover (JLR) to recall 2,409 US vehicles as passenger airbag may tear
T.me/AlliesFin
Q4FY24 EARNING CALENDAR 24.04.2024
ANANTRAJ, AUBANK, AXISBANK, CHENNPETRO, DALBHARAT, DCBBANK, EQUITASBNK, HINDUNILVR, INDHOTEL, LODHA, LTIM, NAM-INDIA, OFSS, SPLPETRO, SYNGENE
AXIS BANK
* NII expected at Rs 12,777 crore versus Rs 11,742 crore
* EBIT expected to be seen at Rs 9161 crore versus Rs 9167 crore
* EBIT margin expected to be seen at 70.98% versus 55.1%
* Net profit expected to be seen at Rs 5286 crore versus of Rs 676 crore
HUL
* Revenue expected at Rs 12,112 crore versus Rs 15,215 crore
* EBITDA expected to be seen at Rs 3495 crore versus Rs 3574 crore
* EBITDA margin expected to be seen at 28.8% versus 23.5%
* Net profit expected to be seen at Rs 2468 crore versus of Rs 2520 crore
INDIAN HOTEL
* Revenue expected at Rs 1869 crore versus Rs 1625 crore
* EBITDA expected to be seen at Rs 660 crore versus Rs 535 crore
* EBITDA margin expected to be seen at 35.3% versus 32.9%
* Net profit expected to be seen at Rs 405 crore versus of Rs 328 crore
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
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