AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*News Headlines from Business News Agencies:*

*Business Standard*

Indian Overseas Bank clocks Q4 consolidated PAT of Rs 810.42 cr
Escorts Kubota Q4 results: Net profit rises 16.37% to Rs 251.89 crore
Happiest Minds to acquire US-based Aureus Tech Systems for $8.5 million
Govt considers offering incentives for lithium processing: Report
Commercial real estate rents surge 20% in Bengaluru, Pune, NCR, and Mumbai
Nissan Motor upbeat on annual profit despite challenges from inflation
ESAF SFB Q4 results: Net profit slips 57% to Rs 43 cr, NII up 18%
Byju's slashes course fees by 30-40%, ups sales incentives by 50-100%
Fitch affirms ratings of Axis, ICICI banks on supportive working conditions
Legacy firms outperform modern, got 75% of PE-VC investments in 2023
Tesla ramps up job cuts in China as sales slowdown bites, many depts hit

*Economic Times*

HPCL Q4 Results: Net profit falls 25% YoY to Rs 2,709.31 crore; co announces 1:2 bonus issue
NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
Infosys collaborates with AEEE, IIHS to decarbonise India’s commercial building sector
Domestic tyre sale volumes expected to see moderate growth of 4-6 pc in FY25: Icra
India Exim Bank sees 12.3% year-on-year goods exports growth in Q1 FY25
Indian exports up in 115 nations out of 238 destinations in 2023-24
Indian renewables may get costlier as RBI mulls changes
India to begin producing 'T100' carbon fibre in 2.5 years: V K Saraswat
RBI’s proposed project financing regulations not to impact REC profitability at all: CMD
Jindal Poly Films questions the maintainability of class action suit
IREDA incorporates subsidiary in GIFT City, Gujarat

*Mint*

Asian Paints Q4 Results: Net profit up 1.3% to ₹1,275 crore
Inflows in equity mutual funds fall 16% in April, shows AMFI data
Titan anticipates stronger gold jewellery demand in H2FY25
L&T sees FY25 as six-month period, tempers order intake, revenue expectations
Titan anticipates stronger gold jewellery demand in H2FY25
SBI Results Q4 result: Net profit rises 24% YoY to ₹20,698 crore, beats estimates
India a great market for long-term investors, says Rakesh Sethia of HDFC AMC
Venturi Partners acquires 5.12% stake in K12 Techno Services for ₹225 crore
Air India Express fires 25 cabin crew members; 85 flights cancelled today
BoE holds key interest rates at 16-year high-mark, moves closer to cuts
RBI’s infra financing guidelines no cause for panic, says PNB after record Q4.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

GIFT Nifty +86 pts (22159) from last trade 22073 ,

@AlliesFin

Nikkei +470 pts ,
Hangseng +132 pts ,



Dow +331.37 pts ,Nsdq +43.51 pts, S&P
+26.41 pts , Bovespa -1292 pts , Ftse +27 pts , Dax +188 pts , Cac +56 pts , Crude @ $79.68 brl (+0.42), Brent @ $83.88 brl (+0.00) , Gold @ 2354.20 (+13.90), Silver $28.605 (+0.24), Euro @ $1.0762, JPY @ $155.30, INR @ 83.455



*Today's Corporate Action*
*10th May Ex Date*


ABHISHEK
Resolution Plan -Suspension 
APTECHT
Dividend - Rs. - 4.5000
DCBBANK
Dividend - Rs. - 1.2500
GKCONS
E.G.M. 
GUJINTRX
Interim Dividend - Rs. - 7.0000
HDFCBANK
Final Dividend - Rs. - 19.5000
MAHABANK
Final Dividend - Rs. - 1.4000
RKFORGE
Interim Dividend - Rs. - 1.0000
TRIL
Dividend - Rs. - 0.2000
UCOBANK
Final Dividend - Rs. - 0.2800


*Today's Key Results/Board Meetings*
*10-May-24*
     

   
Tata Motors, Eicher Motors, Cipla, Union Bank of India, Bank of Baroda, Bank of India, ABB India, Bajaj Hindusthan Sugar, Dilip Buildcon, Aarti Industries, Finolex Industries, Kalyan Jewellers India, Dr Lal PathLabs, Polycab India, The Investment Trust Of India, and Thermax will release March quarter earnings on May 10  
   



*Stock under F&O ban on NSE*
*10-May-24*



1 ABFRL
2 BALRAMCHIN
3 CANBK
4 GMRINFRA
5 IDEA
6 PEL
7 PNB
8 SAIL
9 ZEEL
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*India Daybook – Stocks in News*

*Kirloskar Oil:* Net profit up 86.1% at ₹146.8 cr vs ₹78.9 cr (YoY) Revenue up 20% at ₹1,660 cr vs ₹1,383.8 cr (YoY) (Positive)

*Tata Power:* Net profit up 11.4 % at ₹1,045.6 cr vs ₹949.5 cr (YoY), Revenue up 27.2% at ₹15,846.6 cr vs ₹12,453.8 cr (YoY). (Positive)

*SKF:* Net profit up 42.6% at ₹175.2 cr vs ₹122.9 cr, Revenue up 9.9% at ₹1,203.4 cr vs ₹1,094.7 cr (YoY) (Positive)

*Godrej Agrovet:* Net profit at ₹65.5 cr vs ₹23.5 cr, Revenue up 1.9% at ₹2,134.3 cr vs ₹2,095 cr (YoY) (Positive)

*HomeFirst:* Net profit up 30.5% at ₹83.5 cr vs ₹64 cr, NII up 22.4% at ₹136.8 cr vs ₹111.8 cr (YoY) (Positive)

*India Shelter:* Net profit up 46.9% at ₹78 cr vs ₹53 cr, NII up 57.9% at ₹131.0 cr vs ₹83.0 cr (YoY) (Positive)

*GSPL:* Net profit up 22.2% at ₹663.1 cr vs ₹542.8 cr, Revenue up 5.9% at ₹4,522.2 cr vs ₹4,270.1 cr (YoY) (Positive)

*Vijaya Diagnostic:* Net profit up 21.7% at ₹33.7 cr vs 27.7 cr (YoY), Revenue up 28.3% at ₹155.2 cr vs ₹121 cr (YoY) (Positive)

*BSE:* Cons net profit up 20.7% at ₹106.9 cr vs ₹88.6 cr, revenue at ₹544.8 cr vs ₹259 cr (YoY) (Positive)

*Kalpataru:* Net profit up 20.7% at ₹169 cr vs ₹140 cr, Revenue up 22.3% at ₹5,971 cr vs ₹4,882 cr (YoY) (Positive)

*NBCC:* Company gets work orders worth ₹400 crore in Chhattisgarh & Kerala (Positive)

*TVS Supply Chain:* Company gets business deal for Eicher’s bus facility in Baggad (Positive)

*HDFC Life:* IRDAI has given its approval for the appointment of Keki Mistry as chairman of the board of the company. (Positive)

*Waaree Energies:* Company and Ecofy partner to provide solar rooftop project finance, making sustainability more accessible. (Positive)

*Infosys:* Company in pact with Yunex Traffic for digital transformation (Positive)

*Bank Baroda:* RBI conveyed to the bank its decision to lift restrictions on BoB World with immediate effect. (Positive)

*Wipro:* Company collaborates with Kognitos Inc to deploy Gen AI-based business automation solutions. (Positive)

*RVNL:* Company gets order worth ₹167.3 cr from South Eastern Railway. (Positive)

*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)

*Bajaj Consumer:* Net profit down 12.1% at ₹35.6 cr vs ₹40.5 cr (YoY), Revenue down 3.8% at ₹240 cr vs ₹249.4 cr (YoY) (Neutral)

*TVS Motors:* Net profit reported at Rs 485 crore versus poll of Rs 540 crore, EBITDA Margins at 11.3% versus poll of 18.1% (Neutral)

*Larsen:* Net profit reported at Rs 4396 crore versus poll of Rs 4267 crore, EBITDA Margins at 10.8% versus poll of 11.35% (Neutral)

*HG Infra:* Net profit up 11.2% at ₹190 cr vs ₹170.9 cr, Revenue up 11.3% at ₹1,708.2 cr vs ₹1,535.4 cr (YoY) (Neutral)

*Sula Vineyards:* Net profit down 4.2% at ₹13.6 cr vs 14.2 cr, Revenue up 8% at ₹131.7 cr vs ₹120 cr (YoY) (Neutral)

*PEL:* Net profit at ₹137.1 cr vs loss of ₹195.9 cr, Revenue up 16% at ₹2,473.3 cr vs ₹2,131.7 cr (YoY) (Neutral)

*WPIL:* Company to consider sub-division/split of equity shares of company on May 25, 2024 (Neutral)

*Bajaj Consumer:* Company to buy back shares at ₹290/sh; buyback up to ₹166 cr total size (Neutral)

*Reliance:* Company to acquire 100% stake in Reliance Chemicals for Rs 314.5 crore. (Neutral)

*Nucleus Soft:* Company appoints Surya Prakash Kanodia as CFO of the co w.e.f. May 8, 2024 (Neutral)

*Adani Power:* Gautam Adani and Rajesh Adani have revoked their pledged shares of Adani Power. (Neutral)

*ESAF:* Net profit down 57.2% at ₹43.4 cr vs ₹101.4 cr, NII up 18.4% at ₹590.7 cr vs ₹498.9 cr (YoY)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*News Headlines from Business News Agencies:*

*Business Standard*

L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15%
Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues
RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report
Google launches Wallet app in India to help users store digital documents
Sebi extends settlement scheme period till Jun 10 in stock option cases
Pet insurance market in India to reach Rs 6,500 crore mark by 2025
Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr
Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO
NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay
TVS SCS wins new business deal for Eicher's bus facility in Baggad
USFDA issues Form 483 with 1 inspectional observation to Cipla's Maha unit
Rockwell Automation to expand in India with more factories, tech workers

*Economic Times*

Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore
Serum Institute of India says it stopped manufacturing Covishield since December 2021
India's data center industry set to double capacity by 2026, attract investments
Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16%
Mercedes retreats to gas guzzlers as EVs fail to boost profit
Bajaj Consumer Care to buyback 57.41 lakh equity shares at Rs 290 apiece
China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries
Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore
Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11%
Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals
Muthoot Finance raises $650 million through US dollar bonds

*Mint*

TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24%
India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran
Sebi tells investment advisors to share social media details every 6 months
Sugar export ban to remain in place despite comfortable domestic stocks
Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar
Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure
GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO in August
Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion
Aparna Purohit quits Amazon Prime Video after 8 years
US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources
Air India Express operations disrupted as crew reports sick
RINL plant days away from shutdown due to coal supply crisis.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

Bharat India Daybook Stocks in News


*Jupiter Wagons:* Net profit at Rs 105 crore, Revenue at Rs. 1115 crore, up by 57 % YoY. (Positive)

*PB Fintech:* Net profit at Rs 60.19 cr vs loss Rs. 9.34 crore, revenue at Rs 1,090 cr vs Rs. 869 crore (YoY) (Positive)

*Bigbloc Construction:* Net profit Rs. 8.7 crore vs Rs. 5.6 crore, Revenue Rs. 68 crore vs Rs. 46.6 crore (YOY). (Positive)

*IRB Infra:* Net profit up 45.1% at ₹188.9 cr vs ₹130.2 cr (YoY), Revenue up 27.2% at ₹2,061.2 cr vs ₹1,620 cr (YoY) (Positive)

*JSW Energy:* Net profit up 22.5% at ₹345.3 cr vs ₹282 cr, Revenue up 3.2% at ₹2,755.9 cr vs ₹2,670 cr (YoY) (Positive)

*Latent View:* Net profit up 32.2% at ₹45.2 cr vs ₹34.2 cr (YoY), revenue up21.7% at ₹171.6 cr vs ₹141 cr (Positive)

*Dixon:* Company signs agreement with Nokia for development & manufacturing of telecom products (Positive)

*Tata Elxsi:* Company partners w/Arm to offer solutions for ARM processors (Positive)

*Infosys:* Company and ServiceNow further collaborate for generative AI-powered industry solutions. (Positive)

*Tata Motors:*Company’s JLR April UK sales up 19% at 5,627 units Vs 4,722 units YoY. (Positive)

*Jindal Staliness':* Company supplies special alloy steel sheets in DRDO’s SMART system for navy. (Positive)

*LTI Mindtree:* IBM to set up joint generative AI centre of excellence in India. (Positive)

*Macro tech Developers:* Company will launch in this fiscal 17 housing projects, having a revenue potential of Rs 12,000 crore. (Positive)

*Patel Eng:* Company and JV partner emerge as lowest bidder for irrigation project worth Rs 343 crore. (Positive)

*Sonata Software:* Net profit at ₹110.4 cr vs net loss of ₹46.2 cr (QoQ), Revenue down 12.1% at ₹2,191.6 cr vs ₹2,493.4 cr (QoQ). (Neutral)

*Century Text:* Net Profit down 4.4%at ₹160.3 cr vs ₹167.7 cr (YoY), Revenue up 71.7% at ₹1,686 cr vs ₹982 cr (YoY). (Neutral)

*Kajaria:* Net profit down 5.2% at ₹102.4 cr vs ₹108 cr (YoY), Revenue up 3% at ₹1,241 cr vs ₹1,205 cr (YoY) (Neutral)

*IGL:* reports Q4 earnings, profit down 2.4% at ₹383 cr vs ₹392 cr (QoQ), Revenue up 1.3% at ₹3,597 cr vs ₹3,550 cr (QoQ) (Neutral)

*CreditAccess:* Net profit up 33.9% at ₹397 cr vs ₹296.6 cr, NII up 42.3% at ₹881 cr vs ₹619.2 cr (YoY). (Neutral)

*UBL:* Net profit at ₹81.6 cr vs poll of ₹114 cr, Board proposes a dividend of ₹10/sh and appoints Jorn Kersten as Chief Financial Officer of the company (Neutral)

*Delta Corp:* Net profit up 41.4% at ₹72.4 cr vs ₹51.2 cr, Revenue down 3% at ₹194.8 cr vs ₹214.3 cr (YoY) (Neutral)

*Dr Reddy:* Net profit reported at Rs 1310 crore versus poll of Rs 1325 crore, EBITDA Margins at 26.4% versus poll of 28.0% (Neutral)

*Sasken:* Net profit up 0.6% at ₹17.2 cr vs ₹17.1 cr, Revenue up 5.8% at ₹109 cr vs ₹103 cr (YoY) (Neutral)

*Pidilite:* Net profit at ₹304.3 cr vs poll of ₹415 cr, Revenue at ₹2,901.9 cr vs poll of ₹2,810 cr (Neutral)

*DrReddys:* Company elevates MV Narasimham to the role of CFO w.e.f. August 1 (Neutral)

*M&M:* NCLT approves merger of arms Mahindra Heavy Engines, Wheelers & Trringo with Mahindra & Mahindra (Neutral)

*Hindustan Zinc:* Company announced an interim dividend of Rs 10 per equity share for the financial year 2024-25 (Neutral)

*Navin Fluorine:* Net profit down 48.4% at ₹70.4 cr vs ₹136.4 cr (YoY), Revenue down 13.6% at ₹602 cr vs ₹697 cr (YoY)

*Graphite:* Net profit down 45% at ₹16 cr vs ₹29 cr (YoY), Revenue down 12% at ₹720 cr vs ₹815 cr (YoY)

*Voltas:* Net profit down 22.8% at ₹110.6 cr vs ₹143.2 cr (YoY), Revenue at ₹4,202.9 cr vs poll of ₹3,827 cr.

*Chambal Fertilisers:* Net profit down 78.9% QoQ, revenue declines 39.2%

*Suraj Estate:* Net profit up 17.6% QoQ, revenue down 5.3%
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*Cash Segment: Live trading session on Saturday, May 18 2024*


*Session 1: Live trading from Primary Site*

Normal Market open time === 09:15 hrs
Normal Market close time === 10:00 hrs

*Session 2: Live trading from DR Site*

Normal Market open time ==== 11:45 hrs
Normal Market close time ==== 12:40 hrs

Closing Session (12:50-13:00 hrs)
*Futures & Options Segment: Live trading session on Saturday, May 18 2024*


*Session 1: Live trading from Primary Site*

Normal Market open time === 09:15 hrs
Normal Market close time === 10:00 hrs

*Session 2: Live trading from DR Site*

Normal Market open time ==== 11:30 hrs
Normal Market close time ==== 12:30 hrs
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

Bharat India Daybook Stocks in News


Gujarat Gas: Profit at Rs 409.5 cr vs poll of Rs 326.0 cr, Revenue at Rs 4134.0 cr vs poll of Rs 4076.0 cr (Positive)

Arvind Smartspaces: Q4 profit at Rs 19.5 crore up by 86.1 % YoY, Revenue at Rs. 117 crore, up by 26.6 % YoY.
(Positive)

Muthoot MicroFin: Disbursals up 18% at ₹2,887.9 cr vs ₹2,447.5 cr, AUM up 32.4% at ₹12,193.5 cr vs ₹9,208.3 cr (YoY) (Positive)

GHCL Textiles: Revenues at Rs 286 Crores Vs Rs 244 Crores, Profit at Rs 10.26 Crores Vs Loss of Rs 0.01 Crores (YoY) (Positive)

Selan: Profit at Rs 12.2 cr vs Rs 5.4 cr, Revenue at Rs 56.3 cr vs poll of Rs 27.6 cr YoY (Positive)

Fusion Micro: Net Profit 1.33b Rupees Vs 1.15b, NII at Rs 646 cr vs Rs 501 cr (QoQ) (Positive)

Wipro: Company collaborates with Microsoft for Gen AI products (Positive)

Orient Electric: Company starts commercial production from greenfield manufacturing plant at Hyderabad, Telangana: (Positive)

Lupin: Company gets US FDA approval for Travoprost Ophthalmic Solution USP. (Positive)

HPCL: Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)

BPCL: Company to consider bonus equity share on May 9, 2024, along with Q4 earnings. (Positive)

Coromandel International: Company announced an increase in its investment in Ecozen, a climate-smart technology solutions provider. (Positive)

Olectra Green: Company has achieved a milestone by surpassing 10,000 units in its e-bus order book. (Positive)

Drone Destination: Company & IFFCO signs MOA to collaborate for drone spray over an area of up to 30 lakh acres (Positive)

Campus: India Ratings Upgrades Bank Facilities to ‘IND AA-’/Stable from ‘IND A+’/Positive (Positive)

Mastek: Announced its iConniX portfolio to enable Gen AI-led innovation across industries (Positive)

Tube Investment: Subsidiary TI Clean Mobility Private Limited entered into Securities Subscription Agreement with South Asia Growth lnvest lll LLC and South Asia EBT Trust lll for subscription (Positive)

Apcotex Inds: Net profit at Rs 15.31 crore vs Rs 23.21 crore down by 34 % YoY, Revenue at Rs. 311 crore, up by 21.3 % YoY. (Neutral)

Godrej CP: Operating Profit at Rs 785.0 cr vs poll of Rs 731.0 cr, Revenue at Rs 3385.0 cr vs poll of Rs 3327.0 cr (Neutral)

Lupin: Net profit at ₹359.4 cr vs poll of ₹498.9 cr, Revenue at Rs 4960 cr vs Rs 4430 cr (YoY). (Neutral)

Hindalco: Novelis: Net Income Excluding Special Items Up 2%; Adjusted EBITDA Up 28% YoY. (Neutral)

CG Power: Net profit at Rs 233.81 crore, down 45.14% year-on-year. Revenue up 15.18 % YoY. (Neutral)

Zee Media: Company announces cessation of Abhay Ojha as CEO (Neutral)

M&M Financial: April collection efficiency at 89%, Stage-3 & Stage-2 assets range bound MoM; April overall disbursement at ₹3,930 cr, up 4% (Neutral)

GHCL: Company approved Greenfield project for soda ash annual production capacity of 5.5M ton in Gujarat for 40B rupees (Neutral)

Bajaj Healthcare: Company appoints Dayashankar Patel as CFO of the company w.e.f. May 6, 2024 (Neutral)

Tamilnad Mercantile Bank: Hikes lending rates by 10-15 bps across tenures. (Neutral)

P&G Hygiene: MD LV Vaidyanathan Resigns – To pursue other interests (Neutral)

Solara Active: Meeting of the Rights Issue Committee of the Board on 9th May to consider Right issue (Neutral)

LTIMindtree: Company gets GST demand order of ₹155.7 cr for FY 2018-19

Route Mobile: Net profit at Rs 95.16 crore, down 8.5 % YoY. Revenue up 0.8% YoY.

*GHCL: Net Profit at Rs. 125 Cr vs Rs. 218 cr, Revenue at Rs. 820 crore vs Rs. 1119 crore YoY. (Negative)

DCM Shriram: Net profit down 36.9% at ₹117.8 cr vs ₹186.7, Revenue down 11.8% at ₹2,399.3 cr vs ₹2,720 cr (YoY)

KEC Int: ICRA Limited revised of the credit ratings to the Company’s Banking facilities. Assigns [ICRA] A+ (Stable) Downgraded from [ICRA]AA-

Gujarat Fluorochemicals: Net profit at Rs 101 crore, down by 70 percent, Revenue stood at Rs 1133 crore, lower by 23 percent
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin