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2024-04-18 05:47:40 Top 10 Stocks to watch Today

Ambuja Cements: On Wednesday, the Adani group announced that they have invested ₹8,339 crore into their cement subsidiary, Ambuja Cements, by fully subscribing to its warrants programme. This investment brings the total amount infused by the Adani family into the company to ₹20,000 crore, increasing their stake by an additional 3.6% to approximately 70.3%.

Bajaj Auto: The company is anticipated to post impressive earnings for the quarter ending March 2024, propelled by substantial volume growth, improved realisations, and a higher average selling price (ASP). The Q4 results for Bajaj Auto are set to be announced on April 18. Bajaj Auto's sales volume in Q4FY24 is projected to have risen by 24.6% to 10,68,576 units, up from 857,788 units in the same period last year.

Infosys: The company is slated to release its Q4FY24 financial results on April 18. Amid a backdrop of weak discretionary spending, Infosys is projected to report subdued figures for Q4FY24. While revenues are anticipated to see a sequential drop, the EBIT margin is likely to remain stable due to a series of weak growth.

Brigade Enterprises: The Bengaluru-based realty developer has reported a 46% year-on-year increase in its sales bookings, reaching a record ₹6,013 crore in FY24, driven by strong demand for its housing projects. The company's presales in the fourth quarter of FY24 amounted to ₹2,243 crore, marking the highest ever for a quarter.

Angel One: On Wednesday, April 17, fintech firm Angel One announced a 27.3% YoY increase in net profit, reaching ₹340 crore for the fourth quarter ending March 31, 2024, compared to a net profit of ₹267 crore in the same quarter last year. The company's operational revenue jumped by 64.3% to ₹1,357.2 crore, compared to ₹826 crore in the corresponding period of the previous fiscal year.

ICICI Lombard General Insurance: Non-life insurer ICICI Lombard announced on Wednesday, April 17, that its net profit for A4FY24, had increased by 19% YoY to ₹520 crore, compared to a net profit of ₹437 crore in Q4FY23. The company's gross direct premium income (GDPI) for FY24 was ₹24,776 crore, marking a 17.8% growth from ₹21,025 crore in FY23.

Tata Communications: On April 17, Tata Communications Limited announced a 1.5% decrease in its consolidated net profit, at ₹321.2 crore for the quarter ending March 31, 2024, compared to ₹326 crore net profit reported in Q4FY23. The company's operational revenue saw a significant increase of 24.6%, rising to ₹5,691.7 crore, from ₹4,568.7 crore Q4FY23.

Aditya Birla Capital: The Aditya Birla Group has launched a new app, developed at a cost of ₹100 crore, with the aim to nearly double its customer base in three years and keep up with the anticipated expansion of India's financial services industry. During its launch event on Tuesday, Kumar Mangalam Birla, the group's chairman, expressed confidence in the potential of Aditya Birla Capital, the conglomerate's financial services business.

Vodafone Idea: The company is raising ₹45,000 crore in equity and debt to meet various needs. However, its immediate focus is on settling the dues it owes to its vendors. The company owes ₹10,000 crore to vendors, including tower and network equipment providers.

Zee Entertainment Enterprises: The board of directors at Zee Entertainment Enterprises Ltd has approved a new organizational structure proposed by Punit Goenka, the company's managing director and CEO. Goenka, who will now directly oversee the domestic broadcast business, suggested capitalizing on synergies among the main business segments, which include broadcast, digital, movies, and music.
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2024-04-16 16:00:05

ओपन / कमेंट

2024-04-16 09:07:54 More than a hundred years have passed, yet not a single day goes by without negative news in the market. Globally and domestically, there's always some bad news prevailing.

Thinking of investing only during market stability isn't practical; it means sitting on cash and missing out on many opportunities.

*Investing Strategy*

As investors, focusing on a company's underlying business is crucial, regardless of short-term fluctuations in stock prices. Making significant profits in investing requires the courage to take the bets others fear.

*Common Beginner Mistakes*

- Buying only when stocks are rising, missing significant moves in the short term.

- Exiting stocks during consolidation phases.

- Tracking indexes closely and making decisions based on them.

- Becoming bearish when indexes fall and bullish when they rise.

- Buying stocks based on news from business channels or social media platforms.

- Only tracking stock prices, neglecting company results.

- Trusting others too easily, not by having conviction.

Disclaimer : This is not an investment advice and this is not an investment recommendation. ओपन / कमेंट

2024-04-16 05:36:46 Top 10 Stocks to watch Today

Jio Financial Services: On April 15, Jio Financial Services announced its joint venture with US-based BlackRock to expand into wealth management and brokerage services in India. In a stock exchange filing, the financial institution announced a 50:50 joint venture dedicated to wealth management initiatives, which includes establishing a wealth management company and a subsequent brokerage firm in India.

Vodafone Idea: The company is optimistic about its ₹18,000-crore follow-on public offer (FPO) receiving full subscription, particularly from anchor investors. The company's CEO, Akshay Moondra said that the company plans to roll out 5G services within six to nine months after the FPO. This will involve fast-tracking orders for 5G equipment from vendors.

Cipla: On April 15, Cipla revealed that its wholly owned subsidiary, Cipla Health Limited (CHL), has entered into a business transfer agreement to acquire the distribution and marketing business of Ivia Beaute Private Limited's cosmetics and personal care sector. This includes Ivia's brands such as Astaberry, Ikin, and Bhimsaini that have a global reach.

Aster DM Healthcare: Aster DM Healthcare is planning to double its bed capacity to over 10,000 in the next three years. This expansion will be achieved through both acquisitions and organic growth, according to the company's CEO, Nitish Shetty, in an exclusive interview with Mint. Currently, the hospital chain has approximately 5,000 beds, an increase from 4,800 the previous year.

Asian Paints: On April 15, Asian Paints launched a new product, Neo Bharat Latex Paint, marking its entry into a novel paint category. This move was spurred by the sector's robust growth, fueled by increasing urbanization and rising disposable incomes, which has prompted existing market players to seize the burgeoning demand and increase their market share.

Reliance Infrastructure: The Mumbai division of the National Company Law Tribunal (NCLT) has concluded the corporate insolvency proceedings against Mumbai Metro One Pvt. Ltd, a subsidiary of Reliance Infrastructure, following a one-time settlement agreement between the company and its lenders, according to regulatory filings.

Tata Consultancy Services: TCS plans to recruit approximately 40,000 fresh graduates in the fiscal year 2025, matching the number hired the previous year, said CEO and MD K Krithivasan to Moneycontrol. This announcement comes amidst a period of declining headcount for the company, with three consecutive quarters of reduction. He added that the hiring of fresh graduates in FY25 would be on par with the previous year.

Mahindra & Mahindra: Mahindra Group has announced an investment of ₹1,200 crore for the development of a 150 MW solar and wind power project in India, stated Mahindra & Mahindra on April 15 in an excahnge filing. The project will be undertaken by Mahindra Susten, a subsidiary of the Mahindra Group, with Ontario, a global investor, serving as a strategic partner.

LIC, Hindustan Unilever: According to an exchange filing on April 15, the Life Insurance Corporation of India (LIC) has raised its stake in the FMCG giant Hindustan Unilever. The stake was increased from 4.99 percent to 5.01 percent. The filing disclosed that LIC has increased its shareholding in HUL from 11,74,63,555 to 11,77,18,555 Equity Shares, which is equivalent to an increase from 4.99% to 5.01% of the company's paid-up capital.

Container Corporation of India: CONCOR announced an annual growth of over 8% in the total physical volume it handled in FY24 in its provisional updates for the quarter and financial year ending March 31, 2024, released on Monday. It showed CONCOR handled 12,44,798 twenty-feet equivalent units (TEUs) in Q4FY24, a 11.24% QoQ increase.
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2024-04-15 15:46:01

ओपन / कमेंट

2024-04-15 08:04:49 Q4 Results Expected This Week
(April 15 - April 21) 

April 15: GTPL Hathway, Atam Valves, Rajoo Engineers, Shekhawati Poly Yarn, Ontic Finserve, Sybly Industries, Hit Kit Global Solutions

April 16: CRISIL Den Networks, Shree Ram Proteins, SG Mart, Lotus Chocolate Company, Integra Essential

April 17: ICICI Lombard General Insurance Company, Tata Communications, Angel One, Just Dial, Hathway Cable and Datacom, Gretex Corporate, Hardcastle and Waud Manufacturing, DRA Consultants

April 18: Infosys, Bajaj Auto, HDFC Life Insurance Company, ICICI Securities, Network 18 Media & Investments, Mastek, Accelya Solutions India, Oriental Hotels, Reliance Industrial Infrastructure, Eimco Elecon (India), TV18 Broadcast, Swaraj Engines, Surana Solar, National Standard (India), RS Software, Shish Industries

April 19: Wipro, Jio Financial Services, Hindustan Zinc, HDFC Asset Management Company, Elecon Engineering Company, Sejal Glass

April 20: HDFC Bank, Alok Industries, Bhansali Engineering Polymers, Indian Bank

April 21: Persistent Systems ओपन / कमेंट

2024-04-15 06:01:05 Top 10 Stocks to watch Today

Tata Consultancy Services: TCS kicked off the earnings season on a high, concluding FY24 with a March quarter that surpassed expectations. For Q4FY24, it posted a net revenue of $7.36 billion, marking a sequential increase of 1.1%, which aligns with analysts' growth predictions of up to 1.5%.

Vedanta: The company is looking to secure a funding of ₹3,900-4,000 crore from Power Finance Corp. The company has arranged a rupee term loan facility from the government-owned lender amounting to at least ₹3,918 crore, which could extend up to ₹4,000 crore, ACCording to two individuals familiar with the matter.

Ambuja Cements, ACC: The Adani group, which owns Ambuja Cements and ACC Ltd, aims to secure approximately one-fifth of the Indian cement market by FY28. Adani Cement plans to execute its expedited capex program using internal accruals, ensuring the business remains debt-free, as per an investor presentation by Ambuja Cements. Furthermore, Adani Cement is intensifying its capacity expansion pace and anticipates a growth rate of 16 per cent to achieve 140 MTPA (million tonnes per annum) by FY2028.

Glenmark Pharmaceuticals: The company is recalling 6,528 bottles of a high blood pressure treatment drug from the US market due to "failed dissolution specifications", as per the US FDA. The US health authority, in its recent Enforcement Report, stated that the US subsidiary of the Mumbai-based pharmaceutical firm is recalling a specific batch of Diltiazem Hydrochloride extended-release capsules.

Yes Bank: Japan's Mitsubishi UFJ Financial Group (MUFJ) and Sumitomo Mitsui Banking Corp. (SMBC) are looking to secure a majority stake in Yes Bank, as per four individuals privy to the matter. Another Middle Eastern firm has also expressed interest, three of the aforementioned individuals revealed.

DLF: The company has initiated the construction of its new shopping mall in Gurugram, spanning 26-27 lakh square feet. This project, costing approximately ₹2,200 crore, is part of DLF's expansion strategy in response to the resurgence of retail consumption following the COVID-19 pandemic.

Anand Rathi Wealth: The company reported a substantial year-on-year growth of nearly 33% in its net profit, reaching ₹56.6 crore for the quarter ending in March FY24, despite lackluster operating margins. The company's revenue from operations for the quarter also increased 29% to ₹184.3 crore, compared to the same quarter last year.

PVR Inox: The multiplex operator is expanding its presence in the South, aiming to enhance its operational efficiency during a challenging period for the cinema industry due to content scarcity and reduced occupancies. "The Southern market constitutes 33 percent of our portfolio, which is 588 out of 1,741 screens. 40 percent of the screens opening in FY25 will be in the South.

Aster DM Healthcare: The company has announced a special dividend of ₹118 per share. This announcement comes in the wake of the company receiving proceeds from the sale of its GCC business and the redemption of redeemable preference shares that were issued to the company by Affinity Holdings, which is a wholly owned significant subsidiary of the company.

Varun Beverages: The company has commenced the production of carbonated soft drinks and energy drinks at its facility in Gorakhpur, Uttar Pradesh, according to an exchange filing on April 13. As of December 31, 2023, the company boasts 40 state-of-the-art manufacturing facilities, with 34 in India and 6 abroad.

Shilpa Medicare: Shilpa Medicare Ltd, a manufacturer of Active Pharmaceutical Ingredients (API), has successfully raised ₹500 crore via a Qualified Institutional Placement (QIP), as per a filing on April 13. The company's board sanctioned the allocation of 1.09 crore equity shares, each with a face value of Re 1, to qualified institutional purchasers.
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2024-04-14 12:25:14 Suzlon Undervalued or Overvalued ?

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2024-04-13 15:56:41

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2024-04-13 11:28:23 Tata Group Stocks Index
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