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2023-01-10 06:23:27 *Daybook – Stocks in News*


*Sona BLW:* The company will acquire a 54 percent stake in a Serbian company NOVELIC d.o.o. Beograd – Zvezdara (Positive)

*Bharti Airtel:* Airtel Africa acquires 4G, 5G spectrum for $316.7 million. (Positive)

*JSW Steel:* Company’s combined output in Q3 grows 17% to 6.24 MT, says report (Positive)

*Lupin:* Company gets approval from Spanish Government for reimbursement of Namuscla (Positive)

*Star Health:* The company reported a 13 percent YoY growth in gross direct premium for nine months of FY23 (Positive)

*KRBL/LT Foods:* Government considers lifting rice export curbs as supply improves: ET Sources. (Positive)

*Keystone:* Expect a lot of redevelopment in 2023-24 (Positive)

*Adani Ent:* International Holding Company, Gulf SWFs may go big on Adani Enterprises’ $2.5 billion FPO: ET Sources (Positive)

*Oil Marketing PSUs:* India's December fuel demand rises 3.1% year on year (Positive)

*Reliance Ind:* Arm Reliance Jio Infocomm has launched fifth-generation or 5G wireless services in 10 cities across 4 states (Positive)

*GHCL:* Receives requisite regulatory consent amendment for increase in its Soda Ash production capacity from 11 Lakh Ton Per Annum to 12 Lakh TPA (Positive)

*Tata Motors:* JLR sales for Q3: Wholesales in the quarter rose by 5.7% Vs Q2. (Neutral)

*IRB Infrastructure:* December total toll collection up 6% at Rs 388 c Vs Rs 365.9 cr (MoM). (Neutral)

*HDFC:* HDFC Capital achieves initial close for Scheme 2 of H-CARE 3 (Neutral)

*TCS:* Company reports 11% net profit jump in Q3, announces dividend of Rs 75 a share (Neutral)

*Star Health:* December Premium Up 16% (YoY) YTD Premium up 12.58% (YoY) (Neutral)

*Bilcare:* Ace investor Rekha Jhunjhunwala sold 1.35 lakh equity shares (Negative) ओपन / कमेंट

2023-01-10 06:23:17 *Fund Houses Recommendations*


Nomura on *Sona BLW:* Maintain to Buy on Company, target price at Rs 609/Sh (Positive)

CLSA on *Sona BLW:* Maintain to Buy on Company, target price at Rs 535/Sh (Positive)

CLSA on *Reliance Ind:* Maintain to Buy on Company, target price at Rs 2970/Sh (Positive)

CLSA on *Tata Motors:* Upgrade to Buy on Company, target price at Rs 512/Sh (Positive)

MS on *Tata Motors:* Maintain Overweight on Company, target price at Rs 502/Sh (Positive)

MS on *Bharti Airtel:* Initiate to Buy on Company, target price at Rs 825/Sh (Positive)

Bernstain on *TCS:* Maintain to Outperform on Company, target price at Rs 3840/Sh (Positive)

Nomura on *TCS:* Maintain to Reduce on Company, target price at Rs 2850/Sh (Neutral)

MS on *TCS:* Maintain Equal weight on Company, target price at Rs 3350/Sh (Neutral)

Citi on *TCS:* Maintain Sell on Company, target price at Rs 2990/Sh (Neutral)

JP Morgan on *TCS:* Maintain Underweight on Company, target price at Rs 3000/Sh (Neutral)

Jefferies on *TCS:* Maintain Hold on Company, target price at Rs 3500/Sh (Neutral)

JP Morgan on *Tata Motors:* Maintain Neutral on Company, target price at Rs 400/Sh (Neutral) ओपन / कमेंट

2023-01-10 06:22:59 *News Headlines from Business News Agencies:*

*Business Standard*

• Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report
• JSW Steel's combined output in Q3 grows 17% to 6.24 MT, says report
• Toyota Kirloskar Motors restarts booking for Hilux utility vehicle
• Meta hires former Tata CLiQ CEO to head global business group in India
• Freebie culture hurting economic growth, must end: L&T chairman A M Naik
• Goldman Sachs to cut about 3,200 jobs this week after cost review
• Paytm's loan disbursals jump 330 per cent in December, GMV up 38 per cent
• HDFC Capital raises $376 million for affordable housing fund H-Care 3
• CESL invites bids to lease out 3,500 e-vehicles for period of up to 5 years
• Govt considering textile duty structure rejig in Union Budget: Report
• Malaysia pledges to invest in development of Indonesia's new capital
• Cargo ship that went aground in Suez Canal refloated, say officials
• Japanese PM Kishida highlights security concerns on trip to Europe, US
• Taiwan passes 'Chips Act', offers tax credits to local chipmakers
• TCS reports 11% net profit jump in Q3, announces dividend of Rs 75 a share
• Govt mulls lifting rice export curbs as supply improves, prices stabilise

*Economic Times*

• With $10.8 billion, Bengaluru top city on startup funding in 2022
• A peek into Reliance's plan to shake up FMCG biz
• IDBI divestment to complete in FY24: DIPAM Secy
• Fall in nominal GDP to challenge India's fiscal math
• Amul MD RS Sodhi resigns, Jayen Mehta takes charge
• Prem Watsa's top India ally, former Kingfisher honcho come together to plan new airline
• FPIs dumped Indian IT stocks worth Rs 72,000 crore in 2022 over recession fears
• R-Cap's lenders queue up to vote for need of a second auction; NCLT to hear Torrent's plea on Jan 12
• China central bank to support private firms, ease tech crackdown
• India's December fuel demand rises 3.1% year on year
• TCS headcount falls by over 2,000 QoQ despite improvement in attrition
• Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report
• Govt likely to dismantle Digital Communications Commission: Sources
• India asks utilities to import 6% of their coal for nine months
• Airtel Africa acquires 4G, 5G spectrum for $316.7 million

*Mint:*

• Investors' wealth rise by over ₹3.24 lakh cr in a day as markets recover
• AstraZeneca to buy US cardiorenal-drug maker
• Jaguar Land Rover sees Q3 free cash flow above $485 million
• Indian diaspora should tell the world that India is a land of opportunity: Goyal
• India asks utilities to import 6% of their coal for nine months
• ONGC's overseas arm retakes 20% stake in Sakhalin-1 oil, gas fields
• India has a robust defence manufacturing ecosystem: Defence Minister
• Govt advisory to TV channels against broadcasting disturbing footage
• JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal
• JSW Steel records 17% YoY growth in combined production volumes to 6.24 MT
• India’s credit worthiness stable compared to negative outlook for the world: Moody’s
• Cropin raises ₹113 cr funds from investors including Google, JSR Corp
• Jefferies sees earnings revival for midcaps; prefers capex increase, PLI among themes ओपन / कमेंट

2023-01-10 06:22:49 *Economic Calendar_10.01.2023*

*15.40 PM BOJ Gov Kuroda Speaks*

*19.30 PM Fed Chair Powell Speaks* ओपन / कमेंट

2023-01-09 18:56:48 ओपन / कमेंट

2023-01-09 18:56:48 Global Markets Green, If This Sustains We Too May Open Gap Up Tommrow ओपन / कमेंट

2023-01-09 18:35:44 For regular updates join

https://t.me/stock_market_livenews_india ओपन / कमेंट

2023-01-09 18:07:48 BUY MCX CRUDEOIL JAN @ 6225-6275 SL 6170 TGT- 6400+ ओपन / कमेंट

2023-01-09 15:50:22 *Instl. Investors EQUITY Cash Trades PROV. - 09/01/2023 : Rs. CRS. :*

*FIIS : SELL -203 (8,643-8,846)*

*DIIS : BUY +1,724 (6,476-4,752)* ओपन / कमेंट

2023-01-09 15:23:30 *TCS Q3 FY23*

Net Profit at Rs 10846 crore versus poll of Rs 11137 crore

Revenues at Rs 58229 crore versus poll of Rs 57475 crore

EBIT at Rs 14283 crore versus poll of Rs 14222 crore

Margin at 24.5% versus 24.7%

Announced dividend Rs 75 per share (Includes Rs 67/Share special dividend)


(Numbers seen inline with estimates except margins) ओपन / कमेंट