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

India's central bank delivers first rate cut in nearly 5 years


The Reserve Bank of India (RBI) cut its key repo rate on Friday for the first time since May 2020 to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.

The Monetary Policy Committee (MPC), which consists of three RBI and three external members, cut the repo rate (INREPO=ECI) by 25 basis points as expected to 6.25%, after having kept the rate unchanged for eleven straight policy meetings.

India's government has forecast annual growth of 6.4% in the year ending in March, below the lower end of its initial projection, weighed by a weaker manufacturing sector and slower corporate investments. Growth is seen in a 6.3%-6.8% range in the coming fiscal year as well.
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

RBI MONETARY POLICY AT 10AM

25bps rate cut is being expected.

Rates are at 6.50% since 8 Feb 2023

This is probably the most important RBI meeting in last 2 years.

Rate cut can lead to new liquidity into markets and some positivity can be seen for coming months.
Future rate cut projections and commentary will be important for new trend to emerge.

Lets see what happens
#RBIPolicy
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

News Headlines from Business News Agencies :

Business Standard :

Monthly natural gas trades shoot up nearly 4x in January, says IGX

ArcelorMittal Dec qtr results: Loss trims to $390 mn, production at 14 MT

REC Q3 results: PAT grows 23% to Rs 4,076 cr, income at Rs 14,286.91 cr

India ranks third globally for LEED green building certification in 2024

Lotte Wellfood to invest $300 mn in India for capacity, supply chain growth

India's push for self-reliance in palm oil gets a boost with NMEO-OP

HCLTech partners with ChargePoint to drive EV charging technology

Prism Johnson Dec qtr results: Net profit at Rs 48.12 cr, sales up 6%

IHH Healthcare's unit seeks up to $1.25 bn from Daiichi over Fortis deal

IndiGo to lease Boeing 787-9 from Norse Atlantic for long-haul expansion

Tata Power, Bank of Baroda ink pact for financing rooftop solar projects

Interarch bets big on South India; eyes 10% rise in revenue in FY26


Economic Times :

Trent bets on 'direct-to-customer' fast-fashion business model despite quick comm's meteoric rise

India, UK join hands to shape green hydrogen standards

Honeywell, one of the few remaining US industrial conglomerates, will split into three companies

Trent to sell stake in Massimo Dutti India venture

Swiggy management confident of EBITDA profitability by Q3 FY26

BluePine Energy, Amazon sign PPA for 99 MW renewable energy project

Steel sector leads with half of Jharkhand's Rs 26,000 cr investment proposals during Bengal biz meet

Private sector banks set to generate Alpha in 2025: Radhika Gupta

Vehicle registrations rise 6.6% in Jan, indicating sustained recovery in consumer demand: FADA

China commerce ministry says US tariffs 'vile', 'unilateralist'

More accommodative stance for NBFCs, banks needed in RBI monetary policy: HSBC


Mint :

SBI Q3 Results: Net profit jumps 84% YoY to ₹16,891 crore; NII up 4%

Bharat Dynamic Q3 net profit rises 9% to ₹147 crore; declares dividend of ₹4

Volvo Cars will not pay Northvolt for battery joint venture stake, it says

EPFO settles record 5-cr claims worth over ₹2 lakh cr in FY25

Rural growth surges in FMCG sector in Dec qtr, outpaces urban market for fourth consecutive quarter

High court allows Kirloskar Proprietary to become plaintiff in trademark case

PVR INOX Q3 net profit jumps nearly 3-fold to ₹35.9 cr, revenue up 11 pc at ₹1,717.3 cr

Part shifting of customs duty to AIDC to have marginal impact on state transfers: CBIC Chairman

India can be a global hub for wind turbines: Suzlon’s Girish Tanti

Redington Ltd clocks Q3 profit after tax at ₹402.96 cr

Mauritius-based FII trims India Cements shareholding
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

Corporate Actions

Info Edge (India) has approved sub-division/split of the existing 1 equity share having face value of Rs.10/- each, into 5 equity shares having face value of Rs. 2/- each, subject to approval of Shareholders through Postal Ballot.

Dividend

06-Feb-25
CONCOR: Interim Dividend - Rs. - 4.25
IMPAL: Interim Dividend - Rs. - 10.00
IRB: Interim Dividend - Rs. - 0.10
SHARDACROP: Interim Dividend - Rs. - 3.00
SUNPHARMA: Interim Dividend - Rs. - 10.50
TRITURBINE: Interim Dividend - Rs. - 2.00

07-Feb-25
BANARBEADS: Interim Dividend - Rs. - 2.25
CAMS: Interim Dividend - Rs. - 17.50
CHOLAFIN: Interim Dividend - Rs. - 1.30
CLEAN: Interim Dividend - Rs. - 2.00
EPIGRAL: Interim Dividend - Rs. - 2.50
GAIL: Interim Dividend - Rs. - 6.50
GATEWAY: Interim Dividend - Rs. - 0.75
GRSE: Interim Dividend - Rs. - 8.95
JGTL: Interim Dividend - Rs. - 5.00
JSL: Interim Dividend - Rs. - 1.00
JULIEN: Interim Dividend - Rs. - 0.05
KIRLPNU: Interim Dividend - Rs. - 3.50
KPRMILL: Interim Dividend - Rs. - 2.50
MARICO: Interim Dividend - Rs. - 3.50
NESTLEIND: Interim Dividend - Rs. - 14.25
NLCINDIA: Interim Dividend - Rs. - 1.50
ONGC: Interim Dividend - Rs. - 5.00
POWERGRID: Interim Dividend - Rs. - 3.25
QUESS: Interim Dividend - Rs. - 4.00
SHANTIGEAR: Interim Dividend - Rs. - 3.00
SHYAMMETL: Interim Dividend - Rs. - 2.25
STEELCAS: Interim Dividend - Rs. - 1.80
TIINDIA: Interim Dividend - Rs. - 2.00
VAIBHAVGBL: Interim Dividend - Rs. - 1.50
WEL: Interim Dividend - Rs. - 0.10

10-Feb-25
ASTERDM: Interim Dividend - Rs. - 4.00
INDTONER: Interim Dividend - Rs. - 4.50
SURAJLTD: Interim Dividend - Rs. - 1.50

IPO
Ajax Engineering: Open: 10-Feb-25; Close: 12-Feb-24

Buyback
---

Bonus
Sangam Finserv: Bonus Issue 4:1; Ex-Date: 07-Feb-25

Stock Split
Minolta Finance: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 06-Feb-25
Ksolves India: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 06-Feb-25
Rama Phosphates: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 07-Feb-25
AGI Infra: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 07-Feb-25
T T Ltd.: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 12-Feb-25
Conart Engineers: Stock Split From Rs. 10/- to Rs. 5/-; Ex-Date: 18-Feb-25

Right Issue
Globe Textiles (India): Open: 24-Jan-25; Close: 06-Feb-24
Sharanam Infraproject And Trading: Open: 13-Jan-25; Close: 10-Feb-24
Ultracab (India): Open: 28-Jan-25; Close: 11-Feb-24
Iel: Open: 04-Feb-25; Close: 21-Feb-24

Open Offer
Religare Enterprises: Open: 27-Jan-25; Close: 07-Feb-24
LKP Finance: Open: 29-Jan-25; Close: 11-Feb-24
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

*CMS Infosystem:* Net profit at Rs. 93.2 cr vs Rs 87 cr, Revenue at Rs. 581 cr vs Rs 582 cr (YoY). (Neutral)

*Texmaco Rail:* Company’s CFO, Shri Hemant Bhuwania, resigned effective March 31, 2025. (Neutral)

*Narayana Hrudayalaya:* Company announced the purchase of approximately 3 acres of land in southern Bengaluru on February 5, 2025. (Neutral)

*ITC:* Company announces opening of its global centre of excellence for AI near Kolkata. (Neutral)

*IndiGo:* Gets Two GST Demand Orders Of ₹115.9 Crore. (Neutral)

*Escort Kubota:* Tax demand of ₹ 1.59 Cr confirmed; appeal planned. (Neutral)

*Concor:* GST demand of over Rs. 26 crore raised against the company. (Neutral)

*Medi Assist:* Company approves to raise up to Rs. 350 crore in funds. (Neutral)

Telegram @AlliesFin
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

*India Daybook – Stocks in News*


*Sagility India:* Net profit at Rs. 217.0 cr vs Rs 70.6 cr, Revenue at Rs. 1450 cr vs Rs 1260 cr (YoY) (Positive)

*Skipper:* Net profit at Rs. 35.9 cr vs Rs 17.8 cr, Revenue at Rs. 1130 cr vs Rs 800 cr (YoY) (Positive)

*VRL Logistics:* Net profit at Rs. 59 cr vs Rs 13 cr, Revenue at Rs. 825 cr vs Rs 736 cr (YoY) (Positive)

*SJ Logistics:* Net profit at Rs. 14.2 cr vs Rs 6.2 cr, Revenue at Rs. 136 cr vs Rs 79 cr (YoY) (Positive)

*Zinka Logistics:* PBT at Rs. 29.7 cr vs loss Rs 6.6 cr, Revenue at Rs. 112 cr vs Rs 80.3 cr (YoY) (Positive)

*GE Vernova T&D:* Net profit at Rs. 143 cr vs Rs 49 cr, Revenue at Rs. 1073 cr vs Rs 83 cr (YoY) (Positive)

*Tega Industries:* Net profit at Rs. 54 cr vs Rs 36 cr, Revenue at Rs. 409 cr vs Rs 340 cr (YoY) (Positive)

*Redington:* Net profit at Rs. 403 cr vs Rs 347.9 cr, Revenue at Rs. 26,716 cr vs Rs 23,505 cr (YoY) (Positive)

*Disa India:* Net profit at Rs. 10.0 cr vs Rs 5.8 cr, Revenue at Rs. 99.3 cr vs Rs 61.0 cr (YoY) (Positive)

*AGI Infra:* Net profit at Rs. 19.1 cr vs Rs 14.9 cr, Revenue at Rs. 91.4 cr vs Rs 72.8 cr (YoY) (Positive)

*Ravindra Energy:* Net profit at Rs. 2.2 cr vs Rs 0.4 cr, Revenue at Rs. 53.1 cr vs Rs 16.5 cr (YoY) (Positive)

*Manali Petro:* Net profit at Rs. 12.7 cr vs Rs 5.2 cr, Revenue at Rs. 196 cr vs Rs 200 cr (YoY) (Positive)

*Cummins:* Net profit at Rs. 558.0 cr vs poll Rs 467 cr, Revenue at Rs. 3052 cr vs poll Rs 2691 cr (YoY) (Positive)

*Ester Ind:* Net profit at Rs. 18.6 cr vs loss Rs 16.1 cr, Revenue at Rs. 275 cr vs Rs 200 cr (YoY) (Positive)

*Aarti Pharma:* Net profit at Rs. 74.0 cr vs Rs 53 cr, Revenue at Rs. 538 cr vs Rs 449 cr (YoY) (Positive)

*Kansai Nerolac:* Net profit at Rs. 680.9 cr vs Rs 154.3 cr, Revenue at Rs. 1921.9 cr vs Rs 1918.7 cr (YoY) (Positive)

*Azad Engineering:* Company signs deal with Rolls-Royce PLC, London to produce Civil Aircraft Engine Components (Positive)

*Welspun Enterprises:* Company bags order worth Rs 291 cr from Bombay Municipal Corporation. (Positive)

*UltraTech Cement:* commissions additional 0.6 MTPA grinding capacity at West Bengal’s Sonar Bangla Unit. (Positive)

*M&M:* Mahindra Electric Origin Suvs to Open Bookings for All 9 Variants on 14 February, 2025 (Positive)

*Info Edge:* Company to Enter into Contribution Agreement with IE Venture Investment Fund iii, Agreement with IE Venture Investment Fund Iii to Commit up To Rs 10 Billion. (Positive)

*Apollo Micro:* Company has entered into a Consortium Agreement with Redon Systems to collaborate on a manufacturing partnership. (Positive)

*Kansai Nerolac:* Increase in auto paint capacity by 4200 KL/annum. (Positive)

*GE Power:* Company bags INR 137.5 million contract from NTPC. (Positive)

*IT Stocks:* Carlyle-promoted Hexaware Tech may launch Rs 8,750 crore IPO between February 12-14. (Positive)

*Swiggy:* Net loss at Rs. 800 cr vs Rs 574 cr, Revenue at Rs. 3993 cr vs Rs 3049 cr (YoY) (Neutral)

*Welspun Corp:* Net profit at Rs. 674.7 cr vs Rs 297.9 cr, Revenue at Rs. 3613.5 cr vs Rs 4749.0 cr (YoY) (Neutral)

*CCL Products:* Net profit at Rs. 63 cr vs Rs 63.3 cr, Revenue at Rs. 758.4 cr vs Rs 664.5 cr (YoY) (Neutral)

*HG Infra:* Net profit at Rs. 115 cr vs Rs 102 cr, Revenue at Rs. 1265 cr vs Rs 1365 cr (YoY) (Neutral)

*Sula VIneyards:* Net profit at Rs. 28 cr vs Rs 43 cr, Revenue at Rs. 200 cr vs Rs 203 cr (YoY) (Neutral)

*Data Patterns:* Net profit at Rs.44.6 cr vs Rs 51.0 cr, Revenue at Rs. 117 cr vs Rs 139 cr (YoY) (Neutral)

*Gujarat Gas:* Net Profit Flat at Rs 221 Cr vs Rs 307.0 cr, Revenue at Rs 4,152.9 Cr Vs Rs 3,939 Cr (YoY) (Neutral)

*Linc:* Net profit at Rs.8.8 cr vs Rs 7.5 cr, Revenue at Rs. 118 cr vs Rs 120 cr (YoY) (Neutral)

*Timken:* Net profit at Rs.74.3 cr vs Rs 67.5 cr, Revenue at Rs. 671 cr vs Rs 612 cr (YoY) (Neutral)
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

*News Headlines from Business News Agencies:*

*Business Standard*

IBBI proposes coordinated insolvency resolution for interconnected entities
Govt expands quality compliance requirements for over 150 products
Opening up high-band spectrum not enough for 5G, 6 GHz band needed: Telcos
NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre
Apex Kidney Care secures FDI worth $9 mn from Swiss Blue Earth Capital
India's student housing market expected to expand as demand rises
PM Gati Shakti, logistics policy to push India's World Bank ranking: Report
Govt issues notice to Kia for $155 mn tax evasion, company denies charges
Atlantia Electricals files IPO papers with Sebi, aims to raise Rs 400 cr
Page Industries Q3 results: Net profit rises to Rs 205 cr, revenue up 7%
NSE Clearing fails to meet liquidity norms; reports Rs 176.65 cr shortfall
BlackRock to hire 1,200 employees in India to expand AI and support hubs

*Economic Times*

Info Edge’s Q3 net profit surges 2.5 times to Rs 288.4 crore
India to review tariff surcharges on luxury cars, solar cells, may spur US imports
Zydus Lifesciences Q3 Results: Net profit jumps 30% to Rs 1023 crore
Uber to launch Waymo Robotaxis in Austin
NetSuite opens data centres in Mumbai, Hyderabad; aims to tap Indian SMBs
Consumer electronics manufacturers expand horizons, leverage govt incentives
Happiest Minds Q3 profit dips 16%, revenue up 27%
India, Oman FTA talks progressing; both sides to hold another round of negotiations: Official
Quant Mutual Fund announces change in fund management of 27 schemes
Euro zone business activity returns to growth in Jan, PMI shows
JSW to invest Rs 16,000cr in power project in Bengal, eyes future expansion

*Mint*

Godrej Properties sells ₹28,800cr worth properties in 2024, highest among listed players
Mukesh Ambani announces fresh investment of ₹50,000 crore in Bengal by 2030
Nestle India’s not brewing enough growth as cost, demand woes pinch
RBI starts deliberations on interest rate amid expectations of 25-bps cut
Hind Rectifiers to set arm for AI, Web3 solutions, expand Nashik facility
Chemicals maker BASF India Q3 profit falls on higher input costs
Gold demand in India sees 5 pc rise at 802.8 tonnes in 2024, 2025 projection at 700-800 tonnes: WGC
Byju’s insolvency: Suspended directors challenge NCLT ruling reinstating lenders
Gold’s Appeal to Central Banks Seen Underpinning Demand in 2025
Tech layoffs 2025: ADM and Salesforce announce job cuts
Weddings spends rise 28% in the last two years to ₹32-35 lakh: report
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin