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Jefferies’ Top 26 Ideas for Indian Markets Why Jefferies is Bullish on These 26 Companies: A Comprehensive Analysis In a recent market analysis,brokerage firm Jefferies provided valuable insights into India’s economic landscape. Jefferies identified the current decadal low foreign ownership as a factor providing a cushion to valuations in the Indian market & presented a compelling list of 26 top ‘Buy’ Ideas for the Indian Markets. Financials Axis Bank: Axis Bank stands out as one of Jefferies’ prime selections,backed by its strengthened franchise due to past investments. Jefferies forecasts a 17% CAGR in normalized profit over FY24-26 and an ROE of 18% in FY25. BUY with a PT of Rs. 1380. ICICI Bank: ICICI Bank emerges as a top choice in the Indian financial sector, poised for sustained growth, superior asset quality, and higher ROE Autos Metals Capital Goods and Logistics Chemicals Real Estate Consumer Pharma Cement... Read full article https://aceink.com/jefferies-top-26-ideas-for-indian-markets/

Jefferies’ Top 26 Ideas for Indian Markets Why Jefferies is Bullish on These 26 Companies: A Comprehensive Analysis In a recent market analysis, esteemed brokerage firm Jefferies provided valuable insights into India’s economic landscape. Jefferies identified the current decadal low foreign ownership as a factor providing a cushion to valuations in the Indian market. Jefferies presented a compelling list of 26 top ‘Buy’ Ideas for the Indian Markets. Financials Axis Bank: Axis Bank stands out as one of Jefferies’ prime selections, backed by its strengthened franchise due to past investments. The bank is anticipated to achieve a notable 16-18% loan growth and enhance its deposit profile. Jefferies forecasts a 17% CAGR in normalized profit over FY24-26 and an ROE of 18% in FY25. BUY with a PT of Rs. 1,380. ICICI Bank: ICICI Bank emerges as a top choice in the Indian financial sector, poised for sustained growth, superior asset quality, and higher ROEs. Autos Metals Capital Goods and Logistics Chemicals Real Estate Consumer Pharma Cement... Read the full article https://aceink.com/jefferies-top-26-ideas-for-indian-markets/

Top 10 Stocks to watch Today Canara Bank: The public sector lender on Monday said its board has approved the split of each share into five shares, in an exchange filing. Canara Bank added that the move is aimed "to improve the liquidity of the Bank’s share and to make it affordable for retail investors and also to broaden the retail investors base". The expected time of completion for the stock split is 2–3 months, the public sector lender added. The Centre owns nearly 63% stake in Canara Bank, while public shareholders own the rest. Wipro: The IT services company and Nokia Corporation have jointly launched a private 5G wireless solution to help enterprises in their digital transformation. The offering will initially be available only to companies operating in the manufacturing, energy, utilities, transportation, and sports entertainment space, Wipro said in a release on Monday. Wipro said the new technology’s speed and security coupled with the AI-driven automation it provides, would help companies improve their operational efficiencies. Zee Entertainment Enterprises: Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, is not cooperating in an investigation into alleged diversion of funds from the media company, the Securities and Exchange Board of India has informed the Securities Appellate Tribunal (SAT) hearing the matter. Yes Bank: The private lender will look to boost lending to small- and mid-sized companies as it tries to push up its return on assets (RoA), its chief executive officer Prashant Kumar said on Monday, according to reports. "The single agenda (for the bank) is to focus on profitability without doing anything aggressively," Kumar said in an interview. CMS Info Systems: The promoter of cash management company CMS Info Systems, Sion Investment Holdings, is likely to sell up to 26.7% stake via block deals for ₹1,500 crore, reported CNBC-TV18. The floor price of the deal is said to be worth ₹360 per share at a 9% discount to Monday's closing price, sources said. IIFL Securities is the sole broker of the deal. Titan: The company's ethnic wear chain Taneira, which was originally launched as a saree brand in 2017, is broadening its product range to include casual lehengas and low-priced kurtas. The plan is to draw more shoppers and enter smaller markets, said Ambuj Narayan, CEO, Taneira. The retailer is piloting various new collections in stores such as cotton occasion wear as well as more kurtas, priced lower than what it already sells, he added. Paytm: The company's founder Vijay Shekhar Sharma has stepped down as non-executive chairman of Paytm Payments Bank as the lender overhauls its board in the face of regulatory strictures. Sharma stepped down to aid the payments bank in the transition, parent company One97 Communications Ltd said in a regulatory filing on Monday. Pricol: The manufacturer of instrument clusters has received a showcause notice from the Directorate General of GST Intelligence, Gurugram Zonal Unit, which could lead to a tax demand of ₹380 crore plus interest and penalty. According to an exchange filing, the notice was received "as part of an industry-wide Goods and Services Tax (GST) investigation, concerning classification of instrument clusters". Crompton Greaves Consumer Electricals: HDFC Mutual Fund has acquired 13.71 million shares or a 2.14% stake in Crompton Greaves Consumer Electricals, through open market transactions on Friday, said an exchange filing on February 26. Post-acquisition, HDFC Mutual Fund's stake in Crompton Greaves has increased to 7.11% from 4.97%. Bandhan Bank: Bandhan Financial Holdings, the promoter of Bandhan Bank, has completed the acquisition of digital life insurance company from Aegon India Holding B.V. and Bennett, Coleman & Company, marking a strategic move into the insurance market, Aegon Life Insurance announced on February 26. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

🎨Why Asian Paints is down Today? Impact of Grasim's Entry on Asian Paints 🏢 Top research firms are split on the implications of Grasim Industries Ltd.'s entry into the paints market with its Birla Opus brand. 📈 Macquarie's Bullish Outlook: - Macquarie remains bullish on Asian Paints, maintaining an 'overperform' rating with a target price of Rs 4,000 per share. - They anticipate Asian Paints to withstand the competition due to its history of defending market share effectively. 📉 CLSA's Concerns: - CLSA downgrades Asian Paints from 'underperform' to 'sell', lowering the target price from Rs 3,215 per share to Rs 2,425. - The firm believes the competitive landscape will intensify, challenging industry cost and margin structures. - Smaller players may face significant impacts due to new cost structures, potentially affecting Asian Paints as well. 💡 Potential Market Leadership Post-Shakeup: - Despite challenges, Asian Paints could emerge as the market leader post-shakeup. - Incremental capacity additions by Grasim pose a challenge, but industry discounting pressures may not rise as sharply as anticipated. ⚠️ Risk Factors and Stock Movement: - A sharp moderation in demand poses a downside risk to near-term sales growth. - Asian Paints stock initially fell 4.63% but recovered slightly to trade 4.01% lower, outpacing the benchmark Nifty 50's 0.40% decline. - Over the last 12 months, the stock has risen by 4.23%. - Trading volume stood at 4.4 times its 30-day average, with a relative strength index at 29.2. 📊 Analysts' Recommendations: - Among 37 analysts, 9 recommend 'buy', 12 suggest 'hold', and 16 advise 'sell', according to Bloomberg data. - The average 12-month price target indicates a potential upside of 13.2%. Disclaimer : This is not an investment advice and this is not an investment recommendation.

Top 10 Stocks to watch Today Reliance Industries: Walt Disney and Reliance Industries have signed a binding agreement to merge their media operations in India, a Bloomberg report quoted people familiar with the matter. The report said billionare Mukesh Ambani-led Reliance Industries is expected to own a 61% stake in the merged entity as Disney reassesses its strategy in India amid intense competition. HDFC Bank: The bank said that it has received approval from the Reserve Bank of India (RBI) to offload 90 percent of HDFC Credila’s total issued and paid-up share capital, in an exchange filing. On June 20 last year, HDFC Ltd (now merged with HDFC Bank) had disclosed to the exchanges that it had entered into definitive agreements for the potential sale of a 90 percent share in HDFC Credila to a consortium of private equity firms for approximately ₹9,060 crore. Canara Bank: The public sector bank's board of directors is going to consider a stock split in its meeting scheduled on Monday, 26th February 2024. If approved, this would be the second big corporate event taking place at the PSU bank after a gap of nearly seven years. Canara Bank board had declared Rights Issue on 20th February 2017 and the size of the rights issue was ₹1,124 crore. Paytm: The advisory committee, formed by Paytm owner One97 Communications after the Reserve Bank of India’s action on its payments bank, is yet to begin deeper conversations to identify any issue, the Press Trust of India reported the head of the panel M. Damodaran as having said on Sunday. “We are an external advisor. At this point they (Paytm) are dealing with RBI," said Damodaran while speaking at the the release of his biography 'The Turmeric Latte' compiled by one of his former colleagues in Sebi (Securities and Exchange Board of India). IndianOil, ONGC and GAIL (India): State-owned oil and gas companies including IndianOil, ONGC and GAIL (India) have been slapped with fines for the third straight quarter for failing to meet listing norm requirements like not having the requisite number of independent directors, or the mandated woman director in the third quarter ended December 31, 2023, reports said. Sun Pharma, Lupin Laboratories and Alkem Laboratories: Pharmaceutical products manufactured by Sun Pharma, Lupin Laboratories and Alkem Laboratories are being recalled from the US market, as per a list issued in the weekly enforcement report of the US Food and Drug Administration (USFDA), reports said on Monday, February 25. Reliance Industries: The conglomerate is planning to set up more than 50 compressed biogas (CBG) plants in the next two years at a cost of over ₹5,000 crore, according to industry executives aware of the development, reports said. At RIL's annual general meeting last August, chairman Mukesh Ambani had announced plans to set up 100 CBG plants in five years. Mahindra Holidays & Resorts India: The company plans to invest up to ₹4,500 crore in the next three to four years to double its room capacity to 10,000, according to company Managing Director and CEO, Kavinder Singh. Mahindra Holidays & Resorts India is actively pursuing partnerships with state governments besides setting up new resorts, brownfield expansion and acquisitions to achieve the target to increase room count from 5,000 to 10,000 by FY30, reported Economic Times. Skipper: The manufacturer of power transmission and distribution structures said it has secured an order worth ₹737 crore from Power Grid Corporation of India Limited (PGCIL) for design, supply and construction of a cutting-edge 765 kV transmission line for the central PSU, on Sunday, February 25. The company's director Sharan Bansal highlighted the substantial boost to Skipper's order book in the transmission and distribution landscape, with the year-to-date order intake exceeding ₹3,900 crore. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Top 10 Stocks to watch Today Angel One: The brokerage firm will raise nearly ₹2,000 crore through preferential issue, QIP or other modes, the company announced on February 22. The company in an exchange filing said it'll use the funds to augment and build financial flexibility to grow the business within the broking business and across inorganic avenues within the fintech space. Vodafone Idea: The telecom company said in an exchange filing on February 22, that its board will convene on February 27 to consider all avenues of fundraising. The company said that the board will "consider and evaluate any and all proposals for raising of funds in one or more tranches by way of a rights issue, further public offer, private placement including preferential allotment, qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate...". Grasim Industries: Aditya Birla Group's Director Himanshu Kapania, said the group's new paints business, Birla Opus, expects to exit FY25 with high-single-digit market share and secure the second position in the decorative paints market, in a post-launch conference with media on February 22. The comments come as industry players are betting high on the decorative cement business amid expectations for the sector to grow to ₹1 lakh crore in the next five years. IRCTC: The Indian Railway Catering and Tourism Corporation has partnered with Swiggy for the delivery of pre-ordered meals booked by passengers through the corporation's e-catering portal. During the initial stage, Swiggy will provide services to IRCTC customers at four railway stations – Bengaluru, Bhubaneswar, Vijayawada and Visakhapatnam. The services will be expanded to other stations after the completion of the first phase. Paytm: Daily downloads of the Paytm app have fallen since February 1, a day after the Reserve Bank of India imposed curbs on Paytm Payments Bank (PPBL). Paytm app downloads declined 55% to 60,627 on February 19 from 135,139 on February 1, according to data shared by Appfigures, a mobile analytics and intelligence platform in New York, reported Moneycontrol. During this time, downloads of the BHIM UPI app surged 49%, while Google Pay app daily downloads dropped 10.6%. Jana Small Finance Bank: The scheduled commercial bank recorded a 12.82% year-on-year growth in net profit at ₹134.64 crore for the quarter ended December, 2023. Net interest income for Q2FY24 grew by 24.4% to ₹548.5 crore compared to the year-ago period. Asset quality improved on a sequential basis, with gross non-performing assets (NPA) falling 25 bps QoQ to 2.19% and net NPA declining 16 bps QoQ to 0.71% during the quarter. SpiceJet: The low-cost carrier on Thursday said that it has secured an additional ₹316 crore in funding, bringing the total raised through its preferential issue to ₹1,060 crore. Separately, the Delhi high court on Thursday ordered the airline to return a leased engine to Engine Lease Finance BV, in Brussels, Belgium, at its own expense by 10 March, following unsuccessful settlement talks between the two parties. Ramkrishna Forgings: The company has received approval from its board to start manufacturing and supplies operations from its Mexico location. The board has also approved an investment of nearly ₹90 crore to establish a facility to manufacture components in the PV/LV segment from the facility. Salasar Techno Engineering: The RVNL-Salasar JV has emerged as the lowest bidder for the project to construct 132 KV and 220 KV transmission lines and associated feeder bays on a total turnkey basis in Eastern MP. The project, floated by Madhya Pradesh Power Transmission Company, is worth Rs. 174 crore. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

📈 Market Update: Understanding the Current Trends 🛢 Crude oil prices are on the rise, indicating potential shifts in the energy sector. 💵 The value of the dollar is steadily increasing, impacting global trade dynamics. 📈 Interest rates are experiencing an upward trend, affecting borrowing costs and investment decisions. 💰 Bond yields are also on the rise, signaling changes in the fixed-income market. However, despite these developments, the market isn't experiencing as significant a downturn as expected. Here's why: 🌏 Reduced Dependence on FII: The market's reliance on foreign institutional investors has diminished, providing more stability. 💼 Flow of Funds into Savings: There's a noticeable influx of funds into the savings market, reflecting changing investor behavior. 🏛 Stable Government: With a stable and robust government, investor confidence remains intact. 💻 Increased Demat Account Openings: The daily opening of numerous demat accounts suggests growing participation in the market. 📊 Significant CAPEX in Indian Companies: Indian companies are undergoing substantial capital expenditure, indicating confidence in future growth prospects. Despite facing challenges, there's optimism that the market can navigate through these uncertainties! #StockMarketIndia 📊🚀 Disclaimer : This is not an investment advice and this is not an investment recommendation.

Forecasted Growth of Indian Economy By Jefferies According to a report by the global brokerage firm, India is expected to surpass the economies of Japan and Germany by 2027, becoming the world's third-largest economy with an annual GDP of $5 trillion. Projection for Indian Stock Market: The same report predicts that the Indian stock market cap will reach $10 trillion by 2030. Projection for Nifty/Sensex in 2030: One can think where the Nifty/Sensex might stand in 2030 at these levels? Given the anticipated growth, Staying invested in the market can potentially yield favorable returns to the investors. Disclaimer : This is not an investment advice and this is not an investment recommendation.

Top 10 Stocks to watch Today Wipro: The IT services giant on Wednesday disclosed a new deal with US chipmaker, Intel Foundry. The deal with the chip development division of Intel will see Wipro engineers work on Intel’s latest ‘18A’ chip node that will be used in cutting-edge consumer electronics devices next year onward. In an exchange filing, Wipro said the deal will cater to chip designs for clients across automotive, industrial and telecommunications verticals, and be used for “generative AI-driven designs". Eureka Forbes: Lunolux, the promoter of Eureka Forbes, will sell up to a 12% stake in the household appliances maker for $138.6 million ( ₹1,148.7crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International, which owns Lunolux, had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. As on December 2023, it held around 72.56% stake in the company. Vedanta: The Tamil Nadu government told the Supreme Court that Vedanta’s Sterlite Copper plant should not be considered a national asset or deemed necessary to reopen to fulfill the country’s copper demand. The state instead pointed to Adani Group’s forthcoming copper smelter plant in Gujarat as capable of fulfilling India’s copper demand. . Bank of Baroda: The bank on Wednesday raised ₹2,500 crore through its second tranche of Basel III compliant Tier 2 Bond at a coupon rate of 7.57%, surpassing market expectations of 7.63% to 7.65%. The bonds are issued for a tenor of 10 years, with the first call option after 5 years. The issue attracted an overwhelming response from the investors with total bids reaching more than six times the base issue size of ₹1,000 crore, totalling ₹6,237 crores, and 2.5 times the total issue size of Rs. 2,500 crore. JSW Steel: Steel tycoon Sajjan Jindal plans to borrow $750 million for capital expenditure purposes as India’s largest steel mill targets a major capacity expansion, according to people in the know. JSW Steel, part of the $23-billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private. Zee Entertainment Enterprises: The Securities and Exchange Board of India will question the top management of Zee, two people close to the development said. Sebi's initial findings in June last year said ₹200 crore from the company was diverted through related party transactions. This was contested by the father-son duo before the Securities Appellate Tribunal (SAT). However, Sebi later informed the tribunal that it was conducting a wider investigation as there were several layers to the transactions. HFCL: The company's board has approved a strategic expansion of the company into Europe. In that course, it will set up a state-of-the-art optical fiber cable manufacturing facility in Poland, with an investment of up to ₹144 crore. The facility will have an initial capacity of 3.25 MFkm, with a potential to scale it higher to 7 MFkm per annum. Indian Energy Exchange: The Central Electricity Regulatory Commission (CERC) has ordered an audit of the processes and software deployed by the country's three power exchanges in the next six months and barred the bourses from manually registering bids after trading hours, after detecting “increasing instances" of violation of rules. The regulator said suitable audit agencies will be appointed for the audit. Tata Power: Electric mobility ride hailing service provider BluSmart on Wednesday said it has signed a multi-year power purchase agreement with Tata Power Trading Company to source green power. Under the power purchase agreement (PPA), 30 MW capacity will be sourced by Tata Power Trading Company (TPTCL) from Tata Power's 200 MW solar PV power plant in Bikaner district of Rajasthan, BluSmart said in a statement. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

📈 Investor Insight: Understanding Forward P/E 📉 Investors often underestimate the importance of Forward P/E (Price-to-Earnings ratio based on expected future earnings) when evaluating a stock. Let's break it down using an example: Suppose there's a stock trading at ₹90 with an Earnings per Share (EPS) of ₹3 and a Price-to-Earnings (P/E) ratio of 30. Now, imagine this stock has the potential to increase its EPS by 50% over the next 2 years. This means that in 2 years, its EPS could reach ₹6.75. If we calculate the Forward P/E using this expected future EPS, it would be just 13, which is significantly lower than the current P/E of 30. But why does the Forward P/E decrease? Well, such high growth rates are usually not sustainable in the long term. Therefore, the stock market tends to discount or undervalue this growth potential over shorter periods. Investors need to consider factors like whether the company has undertaken significant capital expenditure (CAPEX) or secured large orders that could support this anticipated growth. In essence, Forward P/E helps investors estimate future growth potential, especially in stocks with high current P/E ratios, but it's important to be mindful of the sustainability of such growth and the underlying reasons driving it. #forwardpe

Top 10 Stocks to watch Today Hindalco Industries: The company has decided to take its US subsidiary Novelis Inc. public, 17 years after the Aditya Birla group flagship snapped up the top aluminium maker that now fetches over half of its revenue. In a surprise announcement on Tuesday, Novelis said it has submitted a confidential filing for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). Zee Entertainment Enterprises: The company on February 20 issued a clarification denying reports of restarting discussions with the Sony group to revive their $10-billion merger deal that was scrapped on January 22. In a regulatory filing to the stock exchanges, Zee Entertainment stated that the company is not involved in any negotiations on the Sony merger deal and that reports suggesting a revival of talks are ‘factually incorrect’. Devyani International: Yum Restaurants India is likely to sell its entire 4.4% stake in quick service restaurant firm Devyani International through a block deal to raise ₹814.8 crore, CNBC-TV18 reported on February 20 quoting sources. The floor price of the deal is likely fixed at ₹153.5 per share, a 7.6% discount to Devyani International's closing price on Tuesday. Union Bank of India: The public sector lender on Tuesday said the Committee of Directors for Raising Capital Funds has approved the raising of funds up to ₹3,000 crore via qualified institutions placement (QIP), it announced in an exchange filing. Union Bank of India said it approved the floor price of ₹142.78 per equity share for the issue and approved the opening of the issue today, i.e. February 20, 2024. Reliance Industries, Tata Power, Adani Power, Vedanta: The government will invite private firms to invest about $26 billion in the nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, a report by news agency Reuters said. JSW Steel, Tata Steel, ACC, JK Cement: These are among the 27 companies that have submitted bids for coal mines under the latest round of coal mine auctions which included the ninth round and the second attempt for seventh round. A total of 27 mines were on offer in the ninth round, while bids were received only for 13 mines, according to a statement from the union ministry of coal. Power Finance Corp.: The state-run company on Tuesday signed a memorandum of understanding (MoU) with the Goa government to fund the state’s green energy ambitions through a blended finance facility. Under the MoU, PFC will provide financial support for Goa’s pivotal climate-related projects. HDFC Bank: India’s largest private sector lender does not plan to grow “just for the sake of market share", chief executive Sashidhar Jagdishan said on Monday, a month after the lender faced investor ire over lower-than-expected margins in the December quarter. “We are not in the quantity game at all; we do not want to grow just for the sake of market share. This is not a new philosophy," said Jagdishan. EIH: The Supreme Court on Tuesday upheld a Himachal Pradesh High Court’s order asking East India Hotels (EIH) to vacate and hand over the 5-star Wildflower Hall hotel in Mashobra, Shimla, to the state government by March 2025. Wildflower Hall is run by Mashobra Resort (MRL), in which EIH holds a 78.79% stake, according to the latter’s most recent annual report. JSW Group: Keen to swiftly enter the world’s third-largest automotive market, Sajjan Jindal-led JSW Group may be eyeing alliances with more than one automotive original equipment maker (OEM) in India. The $23-billion conglomerate is considering dual alliances with leading global automotive OEMs Volkswagen Group of Germany and state-owned SAIC of China, two people aware of the matter said. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

The Expensive Stock that gave 10x Returns : https://www.linkedin.com/posts/bharath-shankar-64b5b918_in-2015-when-the-stock-price-of-bajaj-finance-activity-7165589241521983489-zh-q?

*Nifty Hits New High Despite Challenges:* Nifty reached a new high yesterday despite: 1. FIIs selling ($5.5Bn in cash). 2. US 10-year yield rising from 3.8% to 4.3%. 3. Fed futures indicating low chance of rate cut in May. If someone has liquidity, he should consider a financial plan & stagger investments instead of waiting for ideal levels. Key Fact: More money is lost in timing the market than in actual corrections! Disclaimer : This is not an investment advice and this is not an investment recommendation.

Top 10 Stocks to watch Today JSW Steel: The steelmaker is in talks to pick up a 20% stake in Australia’s Blackwater coal mine from Whitehaven Coal for around $1 billion, said two people aware of the discussions. The companies are yet to decide on the final valuation. If the parties reach an agreement, the deal is expected to close by the end of this financial year, the people said. Whirlpool of India: The white goods manufacturer's promoter, Whirlpool Mauritius Ltd, will sell 24% stake worth $451 million ( ₹3,745 crore) in the company through a block deal on Tuesday, as per a term sheet reviewed by Mint. The liquidity from the stake sale will help the American multinational company pare its debt and deleverage its balance sheet. SpiceJet: The Supreme Court on Monday slammed SpiceJet for failing to clear its dues to Credit Suisse, ordering the low-cost airline to pay up by 15 March and asked its chairman Ajay Singh to appear before it a week after making the payment. The apex court took critical note of reports indicating that SpiceJet, in collaboration with Busy Bee Aviation, had submitted a bid to acquire bankrupt airline Go First. Coal India: The state-run coal miner will bid for three blocks in critical minerals auctions conducted by the country’s mines ministry in February, Chairman and Managing Director P M Prasad told analysts in a post-earnings conference call on Monday. India launched the first part of its critical minerals auction – expected to raise an estimated 450 billion rupees ($5.42 billion) overall – in November last year in a bid to drive its clean energy push. Hindalco Industries: The aluminium major is putting a major thrust into its sustainability projects as the company expects to realize the first phase of its interim green house gas (GHG) reduction target a couple of years before 2030, said Satish Pai, managing director of the company. Hindalco Industries, through the successful completion of phase one of the pumped hydro project, plans to achieve 30% of its energy mix from renewable sources by 2030. . IREDA & PNB: In an attempt to boost India's clean energy ambitions, the Indian Renewable Energy Development Agency (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) to collaborate on financing renewable energy projects across the country, on February 19, 2024. Titagarh Rail Systems: The company is on track to start supplying driverless train sets for Bengaluru Metro’s Yellow Line (RV Road to Bommasandra) from April, a senior official of the company told Moneycontrol on condition of anonymity. He added that Titagarh Rail Systems will supply two train sets of six coaches each every month to Bengaluru Metro Rail Corp (BMRCL) from April. HDFC Bank: The recent merger of HDFC Bank and HDFC Ltd has brought forward the loan growth of the combined entity, triggering the need for the private bank to raise funds, said MD and CEO Sashidhar Jagdishan. “There is a need to mobilise sustainable deposits in order to replace the maturing bonds," Jagdishan said at an investor conference hosted by Goldman Sachs on February 19. Oil and Natural Gas Corporation (ONGC): An overseas arm of state-run ONGC, Imperial Energy Ltd (IEL) is set to merge five of its step-down subsidiaries into itself, a regulatory filing stated on February 19. Shareholders of IEL have accorded "approval for merger of five companies", Imperial Energy Cyprus Limited (IECL), (IENL), RHL ,BHL and San Agio Investment Limited (SAIL), with IEL, which is the absorbing company, the exchange filing noted. NBCC (India): The state-owned construction firm said it has secured three significant work orders worth a cumulative ₹369.05 crore, on February 19. The first project pertains to the Rani Lakshmi Bai Central Agricultural University in Jhansi, Datia, and the upcoming campus in Morena and Khajurao, Newari. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Top 10 Stocks to watch Today Quess Corp: The recruitment firm has said it will be demerged into three listed entities– Quess Corp Ltd, Digitide Solutions Ltd, and Bluspring Enterprises Ltd. The new Quess Corp will handle workforce management; Digitide Solutions will provide business process management solutions and insurtech; and Bluspring Enterprises will offer facility management, industrial services and investments. Hero MotoCorp: The motorcycle maker's CEO Niranjan Gupta anticipates a double-digit revenue surge in the domestic two-wheeler industry in the upcoming fiscal year. He suggests that the demand for premium models is likely to escalate further. "As far as the demand is concerned, as we have been saying, we do expect the industry to grow double digit on revenue in the coming year at the least," Gupta said in an analyst call. Chalet Hotels: The company has set ambitious plans to expand its portfolio of "big-box", or large inventory, hotels, aiming to add approximately 800 rooms to its offerings. Having earmarked ₹2,000 crore as current capital work-in-progress, the expansion will increase its total room count to 5,000 in the next three to four years. Sanjay Sethi, the company's managing director and chief executive, told Mint that Chalet Hotels' strategy aims to capitalize on demand generated by office spaces in proximity to its properties, ensuring a robust and continuous customer base. Life Insurance Corporation of India: The country's largest insurer announced that it received refund orders for ₹21,740.77 crore from the Income Tax Department. The company had received refund orders for Assessment Years 2012- 13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20, according to a report by Economic Times. The total amount of refund was ₹25,464.46 crore. Paytm: In its recent assessment, brokerage firm Bernstein has assigned an 'Outperform' rating to Paytm, along with a target price of ₹600 per share, as per an ET Now report. The brokerage firm notes in its report that the RBI's actions are primarily directed at Paytm Payments Bank (PPBL), with no adverse observation on other integral functions of Paytm. RVNL: The Public Sector Undertaking's order book has touched ₹65,000 crore, 50% of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia, UAE and Western Asia, the management said in an investors call. "We have got an order book of around ₹65,000 crore, which roughly constitutes 50% from the nomination, that is the typical railway projects, and 50% from the market. JSW Steel: India’s largest steelmaker by capacity will invest ₹65,000 crore in Odisha to set up one of its biggest manufacturing plants, adding to the country’s efforts to boost production of the alloy. In the announcement made on Friday, JSW Steel said it will establish a greenfield complex in the industrial city of Paradip, which will include a steel plant with a capacity of 13.2 million tonnes per annum (mtpa), a captive power plant, captive jetties with cargo-handling capacity, a cement manufacturing unit, and a modern township. Adani Enterprises: Adani Realty has secured the contract to redevelop the 24-acre Bandra Reclamation land parcel, put up by the Maharashtra State Road Transport Corporation (MSRDC), as per a report by the Free Press Journal. The final approval is pending and will be decided by the MSRDC Board in their upcoming meeting. Adani Realty emerged as the 'preferred bidder' by offering the highest financial bid, providing 22.79 percent revenue to MSRDC. This surpassed Larsen and Toubro's bid of 18 percent, as per the report. Lupin: The pharma company in a filing to the stock exchanges said it has received approval from the US drug regulator for its Abbreviated New Drug Application (ANDA) for Minzoya tablets. The tablets are used by women of reproductive potential to prevent pregnancy, the company informed the bourses. The product will be manufactured at the company's Pithampur facility in Madhya Pradesh.

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Top 10 Stocks to watch Today Infosys: Recovering from the loss of a billion-dollar deal in December, Infosys has kicked off 2024 with momentum, securing two significant contracts. The most recent is a $300 million contract with Singapore-based Pacific International Lines running until 2027, according to industry executives. Coal India: The state-run company on Thursday signed a memorandum of understanding (MoU) with Haryana Power Purchase Centre for supply of 800 megawatt (MW) of electricity from Mahanadi Basin Power Ltd. This agreement lays the foundation for a future power purchase agreement, and will help Haryana meet its rising energy demand, Coal India said in a statement. Vedanta: Promoters of mining and resources major Vedanta offloaded a 1.76% stake in the company for ₹1,737 crore on Thursday through a bulk deal on BSE, data shows. The stake was sold by Finsider International Co. Ltd, a promoter entity, for a weighted average price of ₹265.14 per share. This translates to a discount of 5% over Wednesday’s closing price. Vedanta shares closed 4% lower on BSE on Thursday at ₹268 apiece. NBCC: The state-owned construction firm expects to meet its revenue target of ₹10,000 crore in FY24 riding on its strong performance in the third quarter of the current financial year, its Chairman and MD, KP Mahadevaswamy, said to CNBC-TV18 on Thursday. According to Mahadevaswamy, the public sector undertaking is well positioned to meet its revenue target and it may further extend to ₹13,000 crore in the next financial year. Axis Bank: Senior BJP leader Subramanian Swamy on Thursday moved the Delhi High Court alleging a scam of nearly ₹5,100 crore in the way Axis Bank sold and purchased shares of insurer Max Life Insurance Company. Max Life is a joint venture between Max Financial Services and private lender Axis Bank. Yes Bank: Global investment firm The Carlyle Group on Thursday sold a 1.3% stake, amounting to 39 crore shares, in the private sector lender for ₹1,057 crore through an open market transaction on BSE. According to the bulk deal data available on BSE, the shares were disposed of at an average price of ₹27.10 apiece. Meanwhile, Morgan Stanley Asia Singapore Pte acquired more than 30.63 crore equity shares, representing a 1.06% stake in Yes Bank. HDFC Bank: The private bank plans to launch the Home Saver product in April and Home Refurbishment loans in the coming months, said a senior bank official on Thursday. The Home Saver product is like an overdraft facility and will directly compete with the State Bank of India’s Maxgain home loan scheme. One 97 Communication: Paytm Payments Bank's regulator-mandated virtual exit from the UPI platform may not have as disruptive an impact on the cashless transaction ecosystem as is being currently feared as most users have multiple backend accounts that are out of the scope of the central bank's curbs. Cipla: The drug major on Thursday said it has tied up with CSIR-Central Drug Research Institute to jointly develop a novel ophthalmic formulation for fungal keratitis. The collaboration aims to leverage the combined expertise and resources of both organisations to develop a safe and efficacious drug for fungal keratitis, the Mumbai-based drug maker said in a statement. Indian Hotels Company: The Tata Group backed company has expanded its brand portfolio through a ‘strategic alliance’ with Kolkata's Ambuja Neotia Group for Tree of Life Resorts & Hotels, recently acquired by the latter. Kolkata-based Ambuja Neotia Group had announced in November last year that it had acquired Gurgaon-based boutique hotel chain Tree of Life Resorts & Hotels for an undisclosed amount. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Top 10 Stocks to watch Today Religare Enterprises: The battle for Religare Enterprises has taken a new turn, with the markets regulator seeking the views of its insurance counterpart on REL’s insurance unit issuing hefty stock options to Rashmi Saluja, who chairs both companies. On January 4, the Securities and Exchange Board of India (Sebi) wrote to the Insurance Regulatory and Development Authority of India (Irdai) for its detailed views and comments on the grant of Care Health Insurance Ltd stock options to Saluja. One97 Communication: Paytm's parent company confirmed on Wednesday that it has received notices from the Enforcement Directorate (ED) requesting information on customers who have conducted business with its group companies. Adani Green Energy: The company is planning to develop a 30 GW renewable energy plant with a colossal plan in Khavda, India. The project is, poised to be the world's largest upon completion, and is expected to generate a staggering ~81 billion units of electricity annually, enough to power 16.1 million homes and prevent a whopping 58 million tonnes of CO2 emissions each year. Crompton Greaves Consumer Electricals: The company reported a 3.1% decline in its consolidated net profit to ₹85.45 crore for the third quarter ended December 2023. It had posted a net profit of ₹88.19 crore in the December quarter a year ago, Crompton Greaves Consumer Electricals said in a regulatory filing. However, its revenue from operations rose 11.63% to ₹1,692.69 crore in the quarter under review, compared to ₹1,516.21 crore in the year-ago period. Nabard: The national developmental bank reported a 34% YoY rise in net profit at ₹4,495 crore for the December 2023 quarter, compared to a PAT of ₹3,345 crore in the year-ago period. The bottom line expansion was led by a margin increase of 18 basis points to 1.53%, a marginal improvement in gross bad loans at 0.27% and zero net Non Performing Assets (NPAs). NMDC: The state-owned company posted a 62% rise in consolidated net profit at ₹1,469.73 crore in the December quarter, compared to a net profit of ₹903.89 crore in the year-ago period, the mining company said in an exchange filing. Its total income surged to ₹5,746.47 crore over ₹3,924.75 crore a year ago. NMDC's expenses stood at ₹3,516.78 crore in the third quarter of the current fiscal as against ₹2,693.01 crore a year ago. SpiceJet: The troubled low-cost airline has informed the Delhi High Court that it is prepared to return a leased engine to its lessor, Engine Lease Finance BV, in Brussels, Belgium, at its own expense, following failed settlement talks between the two parties. The court has asked both SpiceJet and the lessor to nominate a third-party agency to inspect the engine’s condition before it is flown back to Brussels. Glenmark Pharmaceuticals: The pharma company reported a standalone loss of ₹20.40 crore in Q3FY24, compared to ₹430.53 in the corresponding quarter previous year Q3FY23, the company said in a stock exchange filing. Glenmark's revenues declined 38.4 per cent YoY to ₹1,304.16 crore, compared to ₹2,118.99 crore in the corresponding quarter last year. BGR Energy Systems: The company's loss widened to ₹691.38 crore in the December quarter compared to the year-ago period, driven by higher expenses. The consolidated net loss of the company was ₹59.22 crore in the quarter ended on December 31, 2022, a BSE filing showed. Total expenses rose to ₹1,031.38 crore in the quarter from ₹334.29 crore in the same period last fiscal. Gland Pharma: The pharmaceutical company posted consolidated Profit After Tax of ₹192 crore for the December quarter on Wednesday, compared to a PAT of ₹232 crore in the year-ago period. Its revenue from operations stood at ₹1,545 crore for the October-December period, up from ₹938 in the year ago period. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

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Top 10 Stocks to watch Today Adani Group: US-headquartered ratings firm Moody's upgraded the ratings of two green energy firms and two electricity generation and distribution firms of the Adani Group following improved financials, timely debt repayments and a capital infusion by the group over the past year. Mahindra & Mahindra: The carmaker, scheduled to report its Q3FY24 results on Wednesday, is likely to post strong double-digit growth in earnings for the December quarter. Net profit for the quarter expected to rise 21.2% YoY to ₹2,428.30 crore, as per analyst estimates. Revenue is likely to increase 16.5% YoY to ₹25,216 crore, led by strong growth in volumes in the automotive segment, which will offset the weakness in the tractor segment. Zee Entertainment Enterprises: The media company's consolidated net profit jumped 141% to ₹58.5 crore for the quarter ended December 31, compared to the ₹24.3 crore it had earned in the same quarter last year. Revenue from operations fell 3% YoY to ₹2,045 crore, while its EBITDA declined 43% YoY to ₹209 crore in the quarter, from ₹366 crore last year. EBITDA margins declined to 10.2% in the period, compared to 17.4% a year ago. Hindalco Industries: The flagship company of the Aditya Birla group on Tuesday reported a 71% YoY jump in consolidated net profit to ₹2,331 crore for Q3FY24. However, its consolidated revenue from operations for the quarter declined 1% YoY to ₹52,808 crore in Q3FY24. Bharat Heavy Electricals: The state-run company posted a standalone net loss of ₹163 crore in Q3FY24, compared to the net profit of ₹31 crore it had posted in the year-ago period. Meanwhile, standalone revenue from operations saw a notable increase of 4.5% in Q3FY24, to reach ₹5,504 crore, compared to ₹5,264 crore in Q3FY23. Eicher Motors: The maker of Royal Enfield motorcycles reported a 34.4% YoY increase in consolidated net profit for the quarter ended December 31, at ₹996 crore. Consolidated revenue from operations rose 12.3% YoY to ₹4,179 crore. Sequentially, the topline rose just 1.6%, while the bottomline declined by 2%. EBITDA, or operating profit grew 27% YoY to ₹1,090.43 crore, while operating margin expanded 305 basis points on year to 26.09%. Nuvama Wealth Management: The company's net profit almost doubled to ₹178 crore in the December quarter, compared to ₹90 crore in the year-ago period, it stated in an exchange filing on Tuesday. Its revenue rose 38% in Q3FY24 to ₹558 crore, while it rose 29% to ₹1,467 crore for the first nine months of the fiscal. Tata Motors: The carmaker announced a price cut of up to ₹1.2 lakh on various electric vehicle (EV) models as the company intends to pass on the benefits of reductions in battery prices to the customers. Tata Motors has slashed prices of three of its long range variants of its top-selling Nexon.ev by ₹1.2 lakh each. It now starts from ₹16.99 lakh compared to ₹18.19 lakh earlier. Bharat Electronics: The defence ministry signed a ₹2,269-crore contract with Bharat Electronics Limited (BEL) on Tuesday to procure 11 Shakti warfare systems, and the associated equipment. The system will be installed on-board the frontline warships of the Indian Navy, officials said. Sula Vineyards: The comany reported a more than 9% rise in third-quarter profit on Tuesday, at ₹42.98 crore, from ₹39.28 crore in the year ago period. Total revenue rose 4% to ₹218 crore, the company said. Its EBITDA margin expanded to 33.7% from 31% a year ago. Additionally, Sula declared an interim divided of ₹4 per share for FY24. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Top 10 Stocks to watch Today Coal India: The company reported a 17% increase in its consolidated net profit at ₹9,069 crore for the quarter ending on December 31, 2023, compared to ₹7,755 crore recorded in the corresponding period last year. Revenue from operations experienced a modest 3% year-on-year growth at ₹36,154 crore in Q3FY24, as opposed to ₹35,169 crore reported during the same period last year. Eicher Motors: The company is likely to report robust Q3FY24 results, with solid double-digit net profit growth and high single-digit revenue growth, aided by strong sales volumes in Royal Enfield bikes and its commercial vehicles portfolio, when it announces its third-quarter results on Tuesday, February 13. Steel Authority of India: The PSU's consolidated net profit droppped 22% at ₹422.92 crore for the December quarter, compared to the ₹542.18 crore recorded in the same quarter last year. Revenue from operations for the quarter stood decreased 6% to ₹23,348.64 crore, from ₹25,042.10 crore a year ago, SAIL said in an exchange filing on February 12. Mazagon Dock Shipbuilders: The company saw its net profit jump 76% YoY to ₹592 crore in Q3FY24. Its revenue during the December quarter gained 30% YoY to ₹2,363 crore, while EBITDA increased 71% to ₹808 crore. Finance costs fell to ₹1.29 crore in the quarter from ₹1.48 crore in the previous year. Sub-contract expenses plunged to ₹143.81 crore from ₹224.69 crore in the corresponding quarter of the previous year. Hindalco Industries: The company's subsidiary Novelis recorded a net income attributable to common shareholders of $121 million for the quarter ended December FY24, growing 10-fold over $12 million in the year-ago period. Net sales decreased 6% YoY to $3.9 billion for the third quarter of the fiscal year 2024, driven by lower average aluminium prices as shipments were in line with prior-year levels. Aurobindo Pharma: The company anticipates a $20-million hit in the January-March 2024 quarter, due to a temporary pause of manufacturing and distribution activities at its crucial Eugia Unit-III formulation facility in Telangana, following certain red flags raised by the US drug regulatory agency FDA in the recently concluded inspections. Dilip Buildcon: The construction and infrastructure development company registered a 3.3% year-on-year decline in consolidated profit at ₹107.4 crore despite healthy topline, and operating numbers. Revenue from operations during the quarter at ₹2,876.8 crore increased by 23.87% over a year-ago period. Paytm: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday ruled out any review of the central bank’s action against Paytm Payments Bank, saying the decision was taken after a lot of consideration and a comprehensive analysis of the lender’s functioning. The RBI on January 31, had directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTTags and other instruments after February 29 citing large scale non-compliance of regulations and supervisory concerns. Bandhan Bank: One of the Big Four accounting firm EY is conducting a forensic audit on a portion of Bandhan Bank’s loan book backed by government guarantees, two people aware of the development said. The audit was commissioned by the National Credit Guarantee Trustee Co. (NCGTC), a state-run entity that operates and manages various credit guarantee trust funds of the government. It will cover Bandhan Bank’s loans of around ₹23,000 crore. Jindal Steel & Power: The company's environmental application to develop an iron-ore mine in South Africa at a cost of as much as $2 billion was rejected recently. The company will appeal the decision, Parshant Kumar Goyal, the general manager for mines and business development at Jindal Africa, said when called by Bloomberg. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

List of companies scheduled to disclose their financial results this week - February 12 Coal India, Hindustan Aeronautics, NHPC, Samvardhana Motherson International, Bharat Forge, Steel Authority of India, Phoenix Mills, Mazagon Dock Shipbuilders, GlaxoSmithKline Pharmaceuticals, Elgi Equipments, BLS International Services, Lakshmi Machine Works, BASF India, G R Infraprojects, Kirloskar Oil Engines, Anupam Rasayan India, Cera Sanitaryware, JM Financial, Galaxy Surfactants Ltd., Gujarat Pipavav Port, Allcargo Logistics, HEG, Edelweiss Financial Services, Dilip Buildcon, Patel Engineering Company, Sansera Engineering, TCI Express, TARC, Ramky Infrastructure, Tilaknagar Industries, Nucleus Software Exports, Unitech, Orissa Minerals Development Company, AMI Organics, Time Technoplast, Hindware Home Innovation, Skipper, Ashiana Housing, BLS E-Services, The Anup Engineering, Bannariamman Sugars, Honda India Power Products Limited, Rishabh Instruments, Suraj Estate Developers, Zee Media Corporation, and others. February 13 Oil and Natural Gas Corporation, Siemens, Hindalco Industries, Eicher Motors, Bharat Heavy Electricals, IRCTC - Indian Railway Catering & Tourism Corp, Bosch, Info Edge India, Oil India, Prestige Estates Projects, Gujarat Gas, ITI, Deepak Nitrite, National Aluminium Company, NBCC (India), Hindustan Copper, KIOCL, Zee Entertainment Enterprises, RHI Magnesita India, Eris Lifesciences, PTC Industries, Nuvama Wealth Management Ltd, Bombay Burmah Trading Corporation, Garden Reach Shipbuilders & Engineers, Genus Power Infrastructures, Inox India, Rashtriya Chemicals and Fertilisers, Techno Electric & Engineering Company Ltd, Power Mech Projects, ISGEC Heavy Engineering, Arvind Fashions Limited, Indiabulls Real Estate, MTAR Technologies, Senco Gold, Sula Vineyards, Borosil, Medi Assist Healthcare Services, Innova Captab, Hindustan Oil Exploration Company, Entertainment Network India, Coffee Day Enterprises, Valiant Organics, HCL Infosystems and others. February 14 Mahindra and Mahindra, NMDC, Muthoot Finance, Fertilisers and Chemicals Travancore, Gland Pharma, Ipca Laboratories, Narayana Hrudayalaya, Sun TV Network, Aditya Birla Fashion & Retail, Glenmark Pharma, Gujarat State Petronet, NMDC Steel, Crompton Greaves Consumer Electrical, Natco Pharma, Jyoti CNC Automation, Indiabulls Housing Finance, Rajesh Exports, KPI Green Energy, Kirloskar Brothers, PTC India, Wockhardt, Ethos, Suprajit Engineering, Gateway Distriparks, National Fertilizers, Hinduja Global Solutions, Fineotex Chemical, JTEKT India, Yatra Online, PC Jeweller, Tourism Finance Corp of India, Credo Brands Marketing, Nova Agritech, Indian Terrain Fashions, Eros International Media, Reliance Chemotex Industries, Kohinoor Foods and others. February 15 R Systems International, Omni Axs Software and EPack Durables. February 16 Schaeffler India, CRISIL, Par Drugs & Chemicals and Haryana Financial Corporation.

Top 10 Stocks to watch Today Hero MotoCorp: India’s largest two-wheeler maker’s profits zipped into high-growth territory in the December quarter. Hero MotoCorp saw a 51% year-on-year jump in its net profit at ₹1,073 crore in the third quarter, mirroring the lift in profits and volumes seen by listed peers Bajaj Auto & TVS Motor Company. ONGC: The PSU reported a decline of around 10% in its December quarter net profit to ₹10,356 crore, compared to ₹11,489 crore in the year-ago period. The petroleum giant's revenue from operations during the quarter registered a decline of 2.2% at ₹1,65,569 crore, compared to ₹1,69,213 crore in the year-ago period. Multi Commodity Exchange of India (MCX): The commodity derivate exchange reported a net loss of ₹5.3 crore, compared to a net profit of ₹39 crore in the year-ago period when it announced its December quarter results for FY24 on Friday. The firm's revenue from operations in the quarter rose 33% to ₹191.5 crore, compared to ₹143.6 crore in the same period last year. Pfizer: The pharmaceutical company reported a 13.7% YoY decline in its net profit to ₹130 crore ( ₹129.98 crore) in Q3FY24, compared to a net profit of ₹150.66 crore in Q3FY23. The firm also reported a decline of 13.2% in its revenue for the quarter at ₹540 crore, compared to ₹622 crore ( ₹621.75 crore) in Q3FY23. DOMS Industries: The stationery and art material company reported that its PAT for Q3FY24 grew by 43.4% to ₹ 388.2 million, compared to ₹ 270.7 million in Q3FY23. Revenue from operations for Q3FY24 grew by 22.3% to ₹ 3,716.1 million, compared to ₹ 3,037.3 million in Q3FY23. IRFC: The Indian Railway Finance Corporation reported a 1.7% YoY decline in its net profit to ₹1,604 crore in the December quarter of FY24, compared to a net profit of ₹1,633 crore in Q3FY23. IRFC reported an 8% annual rise in its revenue from operations to ₹6,742 crore against ₹6,218 crore in the year-ago period. The company's earnings per share stood at ₹1.23 per share during the quarter under review. Bandhan Bank: Net profit for the bank increased by 152% YoY to ₹732.7 crore in the quarter ending December 31, 2023, compared to ₹290.6 crore the same period last year. Its Net Interest Income (NII) recorded an annual growth of 21% to ₹2,525 crore inQ3FY24, compared to ₹2,081 crore in the year-ago period. Tata Power: The power transmission company reported marginally higher third-quarter profit on Friday, as higher costs weighed on strong energy demand. Tata Power reported a consolidated net profit of 9.53 billion rupees ($114.8 million), up a modest 0.8% from last year. Bajaj Hindusthan Sugar: The company posted a consolidated net profit at ₹20.28 crore in Q3FY24, against a net loss of ₹122.87 crore in the second quarter this fiscal year, and a net loss of ₹177.20 crore it had posted in Q3FY23. However, its revenue from operations jumped to ₹1,740 crore for the quarter ended on December 31, 2023, from ₹1,430 crore, during same period last year. EaseMyTrip: Online travel services provider EaseMyTrip reported a 9.5% rise in its Q2FY24 net profit to ₹45.7 crore, compared to ₹41.2 crore in the year-ago period, on Friday. Its net consolidated revenue increased by 18.1% YoY to ₹160.8 crore in the quarter ending December against ₹136 crore in Q3FY23. Its EBITDA increased to ₹65.3 crore during the quarter under review. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (+919739385706)

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📢 GMP PREMIUM MAINBOARD IPO Apeejay Surrendra: 37/- (23.87%) IPO Price: 155/- Rashi Peripheral: 83/- (26.69%) IPO Price: 311/- Jana SFB: 42/- (10.14%) IPO Price: 414/- Capital SFB: Nil IPO Price: 468/- Entero Healthcare: 65/- (5.17%) IPO Price: 1258/- Vibhor Steel: 125/- (82.78%) IPO Price: 151/- Disclaimer : This is not an investment advice and this is not an investment recommendation.

LIC Emerges as India's 5th Most Valuable Company : https://www.linkedin.com/posts/bharath-shankar-64b5b918_lic-emerges-as-indias-5th-most-valuable-activity-7161650311655280641-dGqg?

Replace the word "Fall or Crash" with "Opportunity" & the market will turn more interesting. A good investment should satisfy following criteria: 1. Posted excellent results 2. Stock PE is at the lower end of sector PE (if sector PE is 50-100 and stock PE is 55, it is good from valuation perspective) 3. Optional condition: Stock should have made 52-week high recently (given a breakout) and has now fallen giving a breakout retest. Disclaimer : This is not an investment advice and this is not an investment recommendation.

Top 10 Stocks to watch Today Life Insurance Corporation of India: The company saw a 49% year-on-year increase in net profit during the December quarter of FY24 at ₹9,444.4 crore compared to ₹6,334.2 crore during the same period last year. It was mainly driven by an increase in net income from investments and growth in net premium income. India’s largest insurer’s net premium income grew by 4.6% to ₹1.17 trillion compared to ₹1.11 trillion in Q3FY24. Grasim Industries: The flagship company of Aditya Birla Group reported a 39.80% decline in its consolidated net profit for Q3FY24 at ₹1,514.44 crore, down from ₹2,515.78 crore a year ago. “Financials from previous period are not comparable on account of the acquisition of a 9.99% stake by ADIA entities in Aditya Birla Health Insurance," the company said in an exchange filing. Zomato: The online food delivery platform reported a consolidated net profit of ₹138 crore, compared to a net loss of ₹347 crore in the year-ago period. Zomato's revenue from operations for the quarter came in at ₹3,288 crore, up 69% from ₹1,948 crore in the year-ago period. Total expenses were higher at ₹3,383 crore, compared to ₹2,485 crore in the corresponding period a year ago, the company said. Bombay Dyeing and Manufacturing: The Indian realty-to-textile company reported a consolidated profit of ₹30.54 billion ($368 million) in the Q3FY24, compared to a loss of ₹1.01 billion rupees last year. Total expenses fell by 39.4% to ₹4.60 billion, largely due to a nearly 99% fall in inventories of finished goods, while its input costs also dropped 4.3%. Apollo Hospitals: Beating market expectations, Apollo Hospitals Enterprises reported a whopping 60% rise in consolidated net profit (attributable to shareholders) at ₹245 crore in the quarter ending December FY24, compared to a net profit of ₹153.5 crore in the year-ago period. Apollo Hospitals also declared an interim dividend of ₹6 per share on Thursday. IRCON International: The company reported a rise of 29% in its consolidated net profit at ₹244 crore in Q3FY24, compared to ₹190 crore in the year-ago period. The state-run engineering and construction firm's revenue from operations for the quarter rose 23% at ₹2,884 crore, compared to ₹2,346 crore in the same period last year. Escorts Kubota: The Indian tractor maker reported a smaller-than-expected third-quarter profit on Thursday, as lower demand offset the fall in costs. Escorts Kubota's standalone net profit rose nearly 49% to ₹2.77 billion (about $33 million) for Q3FY24, but fell short of analysts' expectations of ₹2.82 billion, per LSEG data. Revenue rose 2.5% to ₹23.20 billion, the slowest growth since at least March 2022. Rail Vikas Nigam: The public sector undertaking reported a decline of 6.2% in net profit at ₹358.6 crore in Q3FY24, compared to ₹382.4 crore in the yar-ago period. RVNL's revenue from operations in the quarter fell 6.4% to ₹4,689.3 crore, compared to ₹5,012.1 crore in the same period last year. On a sequential basis, the company's net profit fell 9.1 per cent from ₹394.4 crore during the quarter ending September 2023. Biocon: Biocon Limited reported net profit of ₹660 crore in Q3FY24, compared to a net loss of ₹42 crore in the same quarter of the previous year. Apart from this, the firm reported a 34% rise in revenue at ₹3,954 crore, compared to ₹2,941 crore in the same quarter of the previous year. MMTC: The company reported a net loss of 42.89 percent at ₹55.71 crore in the December quarter of FY24, against ₹97.55 crore during the previous quarter ended December 2022. Sales declined 99.90 percent to ₹0.73 crore in the quarter ended December 2023, compared to ₹763.16 crore during the same quarter in previous year, the firm said a regulatory filing. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (+919739385706)

https://youtu.be/K7u_1NQ7NBE

Understanding Company Results: Impact Unveiled 1. Sales vs. Margins: - High sales but shrinking margins worry investors. - Lower sales but strong margins please the market. 2. Volume Signals: - High trading volume before results suggests smart money's move. - Retailers wait for results due to limited info. 3. Market Mindset: - Poor results mean lower stock prices and investor losses. - Investors rethink their strategy for better prospects. 4. Business Perspective: - Stock market follows cycles; be ready for fluctuations. - Adapt to market cycles for realistic expectations. 5. Investing Insights: - Combine numbers with understanding for wise decisions. - Choose investments matching your risk tolerance and goals.

Top 10 Stocks to watch Today Zomato: Online food delivery firm Zomato will be reporting its financial results on February 8 for the quarter ended on December 31, 2023. As per brokerages, the food delivery platform is expected to post resilient numbers. According to brokerage firm Kotak Institutional Equities, revenue is likely to have grown 61% year-on-year (YoY). “ Tata Consumer Products: The FMCG firm on Wednesday reported a 17.26% decline in its consolidated net profit to ₹301.51 crore in the December quarter on account of lower contributions by associate and joint venture firms. The consolidated profit before exceptional items and tax of the Tata Group FMCG arm was up 27.12% to ₹513.27 crore in the October-December period against ₹403.75 crore of the corresponding quarter a year ago. Lupin: The pharamceutical major posted a massive surge of 300% in consolidated net profit at ₹613 crore in Q3FY24, compared to ₹153.4 crore in the year-ago period, driven by record-high sales on strong growth across geographies. This is the fourth straight quarter when profit has more than doubled for the company. Lupin's total revenue from operations for the quarter rose 20.2% to ₹5,197.4 crore, compared to ₹4,322 crore in the same period last year. Trent: The Tata group company reported a 140% year-on-year (YoY) jump in its net profit for Q3FY24 at ₹370.6 crore, compared to a net profit of ₹154.8 crore in the same quarter last year. Revenue in Q3FY24 rose by 50.5% to ₹3,466.6 crore from ₹2,303.4 crore, YoY. The company’s EBITDA for the quarter spiked 95% to ₹629 crore from ₹323.2 crore, while EBITDA margin improved by 410 basis points (bps) to 18.1% from 14%, YoY. Nestle India: Nestle India on Wednesday reported a net profit of ₹655.61 crore for the quarter ended December 2023, registering a growth of 4.4% compared to ₹628.06 crore in the same quarter last year. The company’s revenue in Q4CY24 grew 8% to ₹4,600.42 crore from ₹4256.79 crore, year-on-year (YoY). Power Grid Corporation: The state-owned company on Wednesday reported a 10.5% year-on-year (YoY) increase in net profit at ₹4,028.3 crore for Q3FY24, compared to a net profit of ₹3,645.3 crore it had earned in the corresponding quarter last year, the company said in a regulatory filing. The company's revenue from operations increased 2.6% to ₹11,549.8 crore as against ₹11,261.8 crore in the corresponding period of the preceding fiscal. At the operating level, Larsen & Toubro: The EPC company's power transmission and distribution business bagged large orders in the Indian and Middle East markets on Wednesday, it said in a filing to BSE. The business has secured an order to set up a 75 MW floating solar photovoltaic plant on a dam as a part of the ultra mega renewable energy power park being developed on Damodar Valley corporation reservoirs in Jharkhand and West Bengal. Mankind Pharma: The promoters of Mankind Pharma on Wednesday revealed their plans to reduce their shareholding between February 8 and February 15 to meet the minimum public shareholding requirements. The promoter group members, including Sheetal Arora, Arjun Juneja and Puja Juneja, will seek to decrease their stake from the current 76.5 percent to 74.88 percent to comply with the minimum shareholding norms, says an exchange filing. Larsen & Toubro: The engineering and construction major is facing challenges in finding the right buyer for its 1,400-megawatt Nabha power plant in Punjab. However, the company is in no haste to sell the asset and will wait for the right valuation, the company’s chief financial officer R. Shankar Raman told. Vodafone Idea: The telecom company has asked for the government to create a subsidy scheme to encourage migration of feature phone users to smartphones through the respective operators, and disregard demands for shutting down 2G networks that serve poor consumers. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Lessons from William J. O'Neil 📉 A company reducing its debt over 2-3 years is promising. 📊 Stocks with fewer shares usually outshine large caps. ⚠️ If RSI falls for 7+ months or sharply drops for 4, watch out. 💰 Sell underperformers first; keep winners a bit longer. 📉 In a 10% market dip, growth stocks could drop 15%, 20%, and 30%. 🔍 Recovery focus: Stocks down 15% or 20% could be prime after a rebound. 🚩 Beware: A stock sliding 35% to 40% in a 10% market fall signals caution. 📈 Post-dip winners: Stocks hitting new highs first are often true leaders.

Top 10 Stocks to watch Today Britannia Industries: The biscuit manufacturer posted a 40 percent year-on-year decline in its consolidated net profit at ₹556 crore for the quarter ending December 31, 2023, in contrast to the ₹937 crore it had reported in the corresponding quarter of the previous year, missing market estimates. In sequential terms as well, Britannia's profit experienced a 5 percent decline, amounting to ₹587 crore. Nestle India: The FMCG bellwether is likely to report a healthy double-digit growht in earnings for the quarter ended December 31, 2023, when it reports its earnings on Wednesday, february 7. Higher volumes and price-led growth, along with operating leverage benefits are likely to have help the company in the quarter. Ashok Leyland: For the commercial vehicle manufacturer, FY24 is mainly about stellar margin performance. For the second consecutive quarter, Ashok Leyland has clocked a sequential improvement in Ebitda margin. For perspective, in the December quarter (Q3FY24), Ashok Leyland’s Ebitda margin improved to 12%, up from 11.2% in Q2, and 10% in Q1. Tata Consumer Products: The FMCG major is expected to report double-digit growth in profit for Q3FY24 when it reports its third quarter results on Wednesday, February 7, on the back of sustained growth in volumes in the India business, steady international business and operating leverage benefits. The company’s net profit for the quarter is seen rising 26% year-on-year (YoY) to ₹344 crore, according to analysts' estimates. Godrej Properties: The real estate major reported a consolidated net profit of ₹62.47 crore for the quarter ended December 2023, registering a 6% growth from ₹58.49 crore in the same quarter last year. Revenue in Q3FY24 rose 68% to ₹330.44 crore from ₹196.23 crore, year-on-year (YoY). Sales Bookings grew by 76% YoY to ₹5,720 crore in Q3FY24 and 59% YoY to ₹13,008 crore in 9MFY24. Nykaa: FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a rise of 98% in net profit to ₹16.2 crore (attributable to the equity shareholders), compared to ₹8.2 crore in the year-ago period, in Q3FY24. The total net profit (attributable to the shareholders + non-controlling assets) surged 106% to ₹17.5 crore, compared to ₹8.5 crore in the same period last year, as per its exchange filings. Adani Enterprises, Ambuja Cements, ACC & Sanghi Industries: Cement maker Sanghi Industries has received support from proxy advisory firm InGovern for its proposals to purchase bulk coal from Adani Enterprises as well as sell cement it produces in bulk to Ambuja Cements and its subsidiary ACC. Ambuja Cements had acquired a majority stake in Sanghi Industries last year. Eveready Industries India: The battery maker reported a 55% jump in third-quarter profit on Tuesday, helped by diminishing input costs. Eveready's total expenses fell almost 9% to 2.95 billion rupees, led by a 29% decline in raw material costs. As a result, consolidated net profit rose to 84.1 million rupees ($1 million) in the three months to December 31. Eveready's revenue, however, fell almost 8% to ₹3.05 billion. EIH Limited: The flagship company of The Oberoi Group reported revenue from operations of ₹770 crore for the third quarter ended December 31, a year-on-year jump of 28%. It reported a profit after tax of ₹230 crore, up 55% over the corresponding period of the previous fiscal. EIH reported EBITDA of ₹353 crore, up 56.3% year-on-year. TTK Prestige: Indian home appliances maker TTK Prestige reported a higher third-quarter profit on Tuesday, driven by strong demand for its cookware essentials. Consolidated net profit rose 8.5% to ₹624.8 million ($7.5 million) during the October-December period, snapping five straight quarters of declining profit. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Current Sentiments in the Market Observing the market sentiments and their impact on investor behavior, some pattern are seen in a Bull Market and a Bear Market. Side-Effects of Bull Market 📈 - Investors tend to overlook fundamentals. - Overconfidence leads to a belief that they know everything. - Some contemplate leaving their jobs to become full-time traders. - The finance minister becomes a distant memory. - Every stock appears to be a potential multibagger. Side-Effects of Bear Market 📉 - Investors frequently scrutinize the fundamentals of their portfolio stocks. - A realization that there's much more to learn sets in. - Job security becomes a priority, and the regular income is valued. - The blame game often targets the government and the finance minister. - Stocks that once seemed promising now appear to be the worst, and the concept of multibaggers seems illusory. In the dynamic world of the stock market, these sentiments influence decision-making and shape investor perspectives.

Top 10 Stocks to watch Today Bharti Airtel: Bharti Airtel's consolidated net profit in the quarter ended December rose nearly 55% year-on-year to ₹2,442 crore, helped by subscriber additions and a rise in average revenue per user. It posted revenues of ₹37,900 crore during the quarter, up 5.9% from the same period last year. Ashok Leyland: The commercial vehicle maker reported a 60.5% YoY rise in its standalone net profit to ₹580 crore in the quarter ending December 2023. Net profit stood at ₹361.34 crore in the year-ago period. The company's net standalone revenue increased by 2.7% YoY to ₹9,273 crore against ₹9,029.7 crore in the year-ago period. The Hinduja group firm's EBITDA stood at ₹1114 crore during the quarter under review against Rs. 797 Cr (8.8%) during the December quarter. Life Insurance Corporation of India: The company will announce its third quarter financial results and may declare an interim dividend for FY24 on February 8, the company said in an exchange filing on Monday. “A meeting of the Board of Directors of the Corporation is scheduled to be held on February 08, 2024, inter-alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine-month period ended on December 31, 2023. Adani Total Gas & INOX India: Adani Total Gas has entered into a mutual support agreement with INOX India under which both will get a “preferred partner" status for the delivery of LNG and LCNG equipment and services to identify and explore possible collaboration opportunities with an aim to strengthen the LNG ecosystem in the country. JSW Infrastructure: The private port operator has earmarked about ₹6,000 crore for acquiring strategic assets, with an aim to bolster its presence in an industry dominated by the Adani Group. The firm is exploring a stake acquisition in a government-owned port slated for privatization, a senior executive of the company said. Arun Maheshwari, joint managing director and chief executive of JSW Infra, said the company has one of the strongest balance sheets in the ports sector and the headroom is good enough to expand aggressively, as long as the opportunity is value accretive. Britannia Industries: The FMCG major is slated to report a 2% YoY increase in consolidated net profit when it reports it Q3FY24 results on Tuesday, February 6. Analysts peg the company's net profit at ₹566 crore, compared to the ₹556.8 crore it earned in the year-ago period. The also see muted growth in Q3FY24 on the back of a high base (anniversarisation of price hikes), some price cuts, high competition and low single-digit volume growth. Jio Financial Services: The NBFC said in a clarification to the exchanges that it "has not been in any negotiations" to acquire Paytm's wallet business, on Monday night. The Mukesh Ambani-led financial services provider issued a statement to the exchanges to clarify on news reports which stated that it is in talks to acquire Paytm wallet. Tata Consultancy Services: The IT services major announced that it has been picked as a strategic partner by Europ Assistance, a leading global assistance and travel insurance company in a multi-year partnership to transform its global IT operating model for enhanced resilience, scalability and user experience, on February 5. Ideaforge Technology: The unmanned aircraft systems maker has clocked a net profit of ₹14.8 crore for the October-December period of FY24 against a loss of ₹7.8 crore in the same period last year, boosted by healthy topline and operating numbers. Tata Chemicals: The Tata group company reported consolidated net profit of ₹158 crore for the quarter ended December 2023, down 60% compared to the year-ago period, impacted by lower topline as well as disappointing operating numbers. Power & fuel and input costs remained lower YoY. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

*Why Bank of India is Down Post-Q3 Results:* 1. *Net Interest Income (NII) Drop:* Bank of India witnessed a 2.35% decline in its Net Interest Income (NII), showcasing a reduction in earnings from lending activities compared to the previous year. 2. *Net Interest Margin (NIM) Contraction:* The Net Interest Margin (NIM) also contracted to 2.85%, down from 3.08% in the previous quarter, reflecting reduced profitability in interest-related transactions. 3. *Provisions and Asset Quality:* While provisions decreased by 43.7%, concerns arise over the asset quality as gross non-performing assets (GNPAs) stand at 5.35% and net non-performing assets (NNPAs) at 1.41%. 4. *Profit Surge vs. Market Reaction:* Despite a substantial 62.4% increase in net profit, the market reaction was adverse, leading to a notable dip in the stock price. 5. *Yearly Performance Discrepancy:* Bank of India's stock, despite showing a yearly gain of over 79%, experienced a significant decline of 6.79% post-Q3 results, indicating dynamic market reactions. Disclaimer : This is not an investment advice and this is not an investment recommendation.

Tatamotors: A Remarkable Investment Story 🚗💼 https://www.linkedin.com/posts/bharath-shankar-64b5b918_tatamotors-investing-turnaroundstory-activity-7160125816884928512-kP-_?

Top 10 Stocks to watch Today State Bank of India: India's largest bank reported its Q3 standalone net profit at ₹9,164 crore on February 3, a decline of 35% in the December quarter. SBI's net profit for Q3FY24 was weighed down by higher operating expenses, it said. Corporate advances crossed ₹10 trillion, while SME advances surpassed ₹4 trillion – showing expansion in both sectors. Bharti Airtel: Fueled by strong growth in subscriber numbers and an increased average revenue per user (ARPU) driven by premiumization efforts, Bharti Airtel is likely to announce a consolidated net profit of ₹38,068 crore, according to brokerages. This signifies a 6.3 percent YoY increase in the current quarter, and a modest 2.7 percent sequential rise. InterGlobe Aviation: India’s largest airline IndiGo clocked a profit after tax of ₹2,998.1 crore in the December quarter as air travel soared, against a net profit of ₹1,422.6 crore a year earlier, beating estimates from Prabhudas Lilladher. Total income rose 30.2% from a year earlier to ₹20,062.3 crore. IndiGo expects capacity growth of 12% in the March quarter as compared to the same period a year ago. Tata Motors: The carmaker reported a surge of 137.5 per cent in consolidated net profit at ₹7,025.11 crore, compared to ₹2,958 crore in the year-ago period in the December quarter of FY24, beating Street estimates driven by strong sales in its British luxury car unit, Jaguar Land Rover (JLR). On the near-term outlook, Tata Motors remains positive on all three auto businesses. Delhivery: The logistics company reported a net profit of ₹11.7 crore in the October- December 2023 quarter. Delhivery's consolidated net revenue increased by 13% QoQ to ₹2,194 crore against ₹1,941 crore in the previous quarter. Its net consolidated revenue increased 20.32% YoY against ₹1,823 crore in the year-ago period. The logistics firm reported a significant reduction in its net loss to ₹103 crore in the Q2FY24. Zee Entertainment Enterprises: The Singapore International Arbitration Centre denied an interim relief on Sony Group Corp.’s request to stop Zee Entertainment Enterprises Ltd. from approaching an Indian corporate court in the scrapped $10 billion merger of the media firms. Sony and Zee had called off their planned media merger in India last month. Following the collapse, Sony filed an arbitration application in Singapore, seeking a termination fee from Zee. One97 Communications: Categorically denying any investigation by the Enforcement Directorate on One97 Communications, associates or its founder and CEO Vijay Shekhar Sharma for anti-money laundering activities, Paytm parent OCL rejected the recent misleading reports in media on Sunday, February 4. JSW Infrastructure: The private-sector port operator said its consolidated net profit more than doubled year-on-year (YoY) to ₹250.66 crore in the December quarter, buoyed by increased cargo volumes and higher tariffs. The JSW Group company had reported ₹114.89 crore in net profit a year ago. Adani Enterprises: Kutch Copper, a subsidiary of Adani Enterprises, the world's largest single-location copper manufacturing plant at Mundra in Gujarat, will start operations of the first phase by March-end and full-scale 1 million tonnes capacity by FY29 (March 2029), news agency PTI reported citing sources. Tata Steel: For the workers who would be affected as part of its transition plan in the United Kingdom, Tata Steel has proposed an additional financial 'support package' of around 130 million pounds, reported PTI on February 4. The company drafted a decarbonization plan for Tata Steel UK to reduce carbon emissions and save energy costs including installing new plant machinery with low-emission technologies. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

The Paytm Saga: What Went Wrong? RBI’s Strict Action on Paytm Payments Bank: All You Need to Know On January 31, 2024, the Reserve Bank of India (RBI) took an unprecedented step by imposing severe restrictions on Paytm Payments Bank (PPBL), effectively halting all its banking activities after February 29. This move came after a detailed inspection revealed serious regulatory violations, leaving the bank’s future in jeopardy. What is the issue? How will it affect the User? Can you use Fast tag? Many questions… Let’s dive into the details together! Continuity for Paytm Users: UPI Payments: Your UPI payments will continue to work smoothly, ensuring uninterrupted transactions. Read full article https://aceink.com/the-paytm-saga-what-went-wrong/

The real reason for Paytm's fall 😂 Exit the STOCK once they sponsor the Indian Cricket Team 😆😄 https://www.linkedin.com/posts/bharath-shankar . . .

Top 10 Stocks to watch Today Hero MotoCorp: Recorded total sales of 4,33,598 units in January, up 21.6% from a year ago. Domestic sales increased 20.5% to 4.2 lakh units and exports jumped 74.6% to 12,664 units. Paytm: Management said during an analyst call that the RBI's actions were a big speed bump and that operational changes would be required. The stock hit the 20% lower circuit soon after the market opened on Thursday. Indian Hotels: Net profit was up 18.2% to ₹476.9 crore in Q3 from a year ago, revenue up 16.5%. Ebitda increased 22.6% yoy, while margin was 37.3% from 35.4% last year. Revenue for the quarter was led by 21% growth in room revenue. International RevPAR growth of 9% yoy due to 70% occupancy levels. Mphasis: Direct revenue up 2% sequentially and up 1.3% in constant currency terms. New deal wins worth $241 million. Management said it was seeing signs of stability despite seasonal softness in the quarter. Eicher Motors: Flagship brand Royal Enfield sold 76,187 motorcycles in January, up 2% from 74,746 units a year ago. However, exports sales dropped 20% to 5,631 motorcycles. Panacea Biotec: The USFDA has classified the inspection of the facility of the company's subsidiary Panacea Biotec Pharma in Baddi, Himachal Pradesh, as ‘official action indicated’. Sonata Software: Clocked a net loss of ₹46.2 crore for the December quarter against a profit of ₹124.2 crore in the previous quarter. Consolidated revenue from operations grew 30.4% sequentially to ₹2,493.3 crore in the quarter. Bata India: Recorded a net profit at ₹57.3 crore in the December quarter, down 31% from a year ago, thanks to a tepid topline and weak operating numbers. Revenue from operations grew 0.4% yoy to ₹903.5 crore. Abbott India: Posted 26% growth in net profit to ₹311 crore for the December quarter. Revenue from operations grew 8.7% to ₹1,437 crore from a year ago. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Interim Budget 2024 : Important Highlights https://www.linkedin.com/posts/bharath-shankar. . .

BUDGET 2024 Highlights 👍 Fiscal Responsibility and Realistic Outlook - Emphasis on fiscal discipline and realistic expectations, especially considering the pre-election context. ⬆️ Growth Expectations - Nominal GDP growth assumed at 10.5%, with a projected GDP of ₹327 lakh crore. 💰 Receipts - Expected to increase from ₹26.99 lakh crore to ₹30.01 lakh crore, showing a substantial growth of 11.2%. - Tax receipts have already seen a 14% increase in the last 10 months. 💵 Expenditure - Anticipated growth from ₹44.9 lakh crore to ₹47.65 lakh crore, reflecting an 11.2% rise. Breakdown: 🏭 Capex Budget - Increased by 16.9% at ₹11.11 lakh crore compared to ₹9.5 lakh crore. - Allocated for infrastructure, roads, and assets development. 🍭 Revenue Expense Budget - Grows by 3.2% at ₹36.5 lakh crore versus ₹35.4 lakh crore. - Allocated for various expenditures. Key Outcomes: - FY25 Fiscal Deficit projected at just 5.1% of GDP, a decrease from 5.8% in FY24. - Government intends to borrow only ₹11.75 lakh crore, potentially influencing favorable interest rates. **#Budget2024

Salaried class looking at Nirmala Sitharaman for tax relief https://www.linkedin.com/posts/bharath-shankar..

Top 10 Stocks to watch Today One 97 Communications: The RBI has taken action against Paytm Payments Bank, saying no further deposits or credit transactions or top-ups will be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards and so on after 29 February. On 11 March, 2022, the RBI had directed Paytm Payments Bank to stop onboarding of new customers immediately. Mankind Pharma: Revenue was up 25% to ₹2,606.9 crore, while Ebitda rose 39% to ₹606.5 crore in Q3. Ebitda margin up to 23.3% from 20.9% a year ago. Net profit rose 55% to ₹459.8 crore from ₹295.7 crore a year ago. Domestic revenue up 20% to ₹2,400 crore. Export revenue up 118% to ₹207 crore. Cochin Shipyard: Bagged an order from a European client to design and build a hybrid service operation vessel (SOV). The project cost is nearly ₹500 crore and the vessel is to be delivered in 2026. Glenmark Pharmaceuticals: Joined hands with Pfizer to launch Abrocitinib in India. Abrocitinib is used to treat moderate to severe atopic dermatitis. Shree Cement: Recorded 165% growth in standalone net profit at ₹734 crore for the December quarter, with improved realisation and cost reduction amid robust demand growth. Revenue from operations grew 20% to ₹4,901 crore. Godrej Consumer Products: Posted 6.4% growth in consolidated profit at ₹581 crore for the December quarter, with healthy operating numbers. Consolidated revenue from operations increased 1.7% to ₹3,660 crore from a year ago. Jindal Steel & Power: Recorded a consolidated profit of ₹1,928 crore for the December quarter, up 272% from ₹518 crore a year ago, when it recorded an exceptional loss and higher tax costs. Consolidated revenue from operations fell 6% to ₹11,701.3 crore. Dixon Technologies: Posted 87% growth in consolidated net profit at ₹97 crore for the December quarter, driven by a healthy topline, though the operating margin was weak owing to higher input cost. Revenue from operations doubled to ₹4,818.3 crore from a year ago. Divgi TorqTransfer Systems: Won orders worth ₹212.1 crore from two North American manufacturers of automotive transmissions. The annual value of these five-year orders is about ₹42.5 crore. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

How much RETURNS did Market delivery around the budget time ? ?:  https://www.linkedin.com/posts/bharath-shankar....

How much RETURNS did Market delivery around the budget time ? : https://www.linkedin.com/posts/bharath-shankar....

📈 Suzlon Energy Q3 Results Overview: - Net profit soars by 159.11% YoY to Rs 203 crore. - Revenue from operations rises by 7.17% to Rs 1,552.91 crore in Q3 FY24. - EBITDA for Q3 FY24 is Rs 248 crore, with an EBITDA margin of 15.9%. 💬 Management Statements: - Girish Tanti, Vice-Chairman at Suzlon Group, highlights a strong performance and impactful policies supporting India's renewable energy vision. - Himanshu Mody, CFO at Suzlon, mentions securing non-fund based working capital lines from REC for faster ramp-up. 🔄 Strategic Moves: - Recently secured a 642 MW wind power project order from Evren company, ABC Cleantech Pvt Ltd. Disclaimer : This is not an investment advice and this is not an investment recommendation. #SuzlonEnergy #Q3Results #RenewableEnergy

1. 📊 How to find out Intstric value? *Very easy explanation by Graham* - Intrinsic value, per Graham, is like gauging someone's weight without measuring. Similarly, assessing a stock's intrinsic value can be straightforward. 2. 📈 Key Metrics for Company Evaluation: - Check if EPS is increasing. - Verify positive trends in sales and cash flow. - Ensure promoters are increasing their stake. 3. 💰 Importance of Valuation: - Once fundamentals are positive, focus on the company's valuation. 4. 🔍 ROE and PE Ratio Comparison: - Confirm ROE is higher than the PE ratio. 5. 📉 Historical PE Analysis: - Ensure current PE is lower than the 10-year average. 6. 🔄 Peer Comparison: - Compare the stock with industry peers. 7. 📊 Final Valuation Assessment: - After considering these factors, form an opinion on whether the stock's valuation is favorable. #StockAnalysis #ValuationTips #Investing 🚀

Top 10 Stocks to watch Today L&T: Recorded 15% yoy growth in consolidated net profit at ₹2,947 crore for the December quarter. Consolidated revenue from operations grew 19% yoy to ₹55,128 crore. Dr Reddy’s Laboratories: Registered 10.6% yoy growth in consolidated net profit at ₹1,378.9 crore for the December quarter, despite higher tax cost. Revenue from operations rose 6.6% to ₹7,215 crore from a year ago. SRF: Quarterly numbers were weaker than estimated, owing to the chemicals business. Ebitda margin was 18.5% from 24% last year. Ebitda was down 32.1% and net profit down 50%. Voltas: Posted a net loss of ₹27.6 crore for the December quarter, narrowing from a loss of ₹110.5 crore a year ago despite a healthy topline, thanks to increased input costs. Consolidated revenue from operations increased 31% yoy to ₹2,625.7 crore. TCS: Announced a 15-year expansion of its partnership with Aviva, the British insurance, wealth and retirement provider, to transform its business and enhance customer experience. PB Fintech: The parent firm of Policybazaar posted a net profit of ₹37 crore for the December quarter, against a net loss of ₹87 crore a year ago. Revenue from operations jumped 43% you to ₹871 crore. Astral: Revenue came in at ₹1,371 crore, below estimates of ₹1,436 crore, while Ebitda was up 12.8% to ₹204.6 crore, also below estimates. Revenue from the plumbing segment rose 7.1% from last year, revenue from paints and adhesives increased by 10.7%. Both the PVC and CPVC divisions posted inventory losses in the quarter, while pipe sales volume rose 15% to 52.7 kt. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Gail Q3 & Dividend 🚀 *Q3 Performance:* - Revenue: ₹342B (Up from ₹318B QoQ) - Net Profit: ₹28B (₹24B QoQ, Estimated ₹23B) - EBITDA: ₹38.22B (₹34.9B QoQ, Estimated ₹33.15B) - Q3 EBITDA Margin: 11.16% (Up from 10.97% QoQ, Estimated 9.45%) 📊 *Business Highlights:* - Q3 profits largely driven by Trading Profits. - Core business remains flattish QoQ. - Beat on LPG and Gas trading. 💰 *Dividend Announcement:* - GAIL declares a dividend of ₹5.50 INR. - Record Date for dividend eligibility: February 6, 2024. 📈 *Stock Performance:* - Dividend yield stands at an impressive 4.82%. - GAIL shares show a remarkable climb of 40% in the past three months. 📆 *Dividend History:* - In 2023, GAIL paid a dividend of ₹4 per share. - Over the past three years, positive returns of 76% and 98% delivered to investors. 🔍 *Market Cap:* - GAIL's market cap reaches ₹1,09,212.41 crore as of January 29, 2024. Disclaimer : This is not an investment advice and this is not an investment recommendation. #GAIL #Q3Earnings #DividendAnnouncement 📊💹

Which State has highest Stock Market Investors ? Investor Stats in India (State-wise) : https://www.linkedin.com/posts/bharath-shankar...

#HFCL Bulk Deal: Quant Mutual Fund acquired 1,20,00,000 shares, securing a 5.3% stake in HFCL 🌟 Infrastructure Focus Ahead of Budget and Elections 🗳 HFCL - Telecom Enabler Diverse Business: -Telecom Infrastructure Development -System Integration -Manufacture and Supply of High-end Telecom Equipment -Optical Fiber and Optic Fiber Cable (OFC) HFCL Revenue Split: ⭐️ Telecom Products: 67% ⭐️ Power Projects: 14% ⭐️ Services: 19% Disclaimer : This is not an investment advice and this is not an investment recommendation.

#suzlon SUZLON Secures 642-MW Wind Power Project Order from ABC Cleantech Renewable energy major Suzlon Group has successfully secured a significant order for a 642-MW wind power project from ABC Cleantech Private Limited, an Evren company. Project Details : Location: Andhra Pradesh Capacity: 642-MW Turbine Generators: 214 units Capacity per Unit: 3 MW Scope of Work: Suzlon will manage the entire project lifecycle, including equipment supply, installation, commissioning, and post-commissioning maintenance. Disclaimer : This is not an investment advice and this is not an investment recommendation.

Top 10 Stocks to watch Today ITC: The company recorded 10.75% growth in standalone net profit at ₹5,572 crore for the December quarter despite weak operating numbers, thanks to more other income and a lower tax cost. Standalone revenue from operations increased by 1.6% to ₹16,483.3 crore, driven by the cigarette and FMCG segments. Bajaj Finance: The company registered 22% growth in consolidated net profit at ₹3,639 crore in the December quarter despite higher loan losses and provisions. Net interest income during the quarter increased by 29% from a year ago to ₹7,655 crore. Vodafone Idea: The telecom operator posted a net loss of ₹6,986 crore for the December quarter, against a loss of ₹8,738 crore in the previous quarter. Revenue fell 0.4% sequentially to ₹10,673.1 crore. Mahindra Logistics: The company reported a net loss of ₹16.4 crore from ₹15.5 crore last year. Revenue was up 5.1% at ₹1,397.2 crore, Ebitda was down 17.1% to ₹52.2 crore, and margin dropped to 3.7% from 4.7% last year. Petronet LNG: The company recorded consolidated net profit of ₹1,213 crore for the December quarter, up 41.7% from the previous quarter, backed by healthy operating numbers. Revenue from operations grew by 17.7% sequentially to ₹14,747.2 crore during the quarter. Havells India: The executive committee has approved an investment of up to $20 million in Havels International Inc., a wholly owned subsidiary incorporated in Delaware. The funds will be used to leverage new growth opportunities in the US. Marico: The FMCG company reported consolidated net profit at ₹386 crore for the December quarter, up nearly 16% from a year ago despite a lower topline. Consolidated revenue from operations fell nearly 2% to ₹2,422 crore. Piramal Enterprises: The company posted a consolidated net loss of ₹2,377.6 crore for the December quarter, against a profit of ₹3,545.4 crore a year ago, thanks to an exceptional loss of ₹3,539.8 crore from its investments in alternative investment funds. Revenue from operations fell by nearly 12% yoy to ₹2,476 crore. Newgen Software: Its wholly owned subsidiary has been awarded a project for digital product development, operational support and related services to support digitisation in Singapore. The aggregate value of the seven-year agreement is nearly ₹97 crore. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

This company lost investors' money faster than a PENNY STOCK https://www.linkedin.com/posts/bharath-shankar...

*BPCL Q3 Performance Highlights:* 📊 Financial Snapshot: - Net profit surges 73.4% YoY to Rs 3,397.30 crore, exceeding estimates. - Revenue from operations at Rs 1.15 lakh crore, down 3% YoY but surpasses estimated Rs 1.05 lakh crore. 🏭 Operational Highlights: - Refinery throughput rises to 9.86 million tonnes from 9.39 million tonnes YoY. - Market sales marginally increase to 12.92 million tonnes. 💰 Costs and Incomes: - Total expenses drop to Rs 1.26 lakh crore from Rs 1.32 lakh crore YoY. - Other income for the quarter stands at Rs 680 crore, a YoY increase. 📉 Sequential Comparison: - Net profit drops 60% sequentially, while the topline rises by over 12%. 🔍 Nine-Month Performance: - Nine months ending December: Net profit at Rs 22,449 crore, significantly improving from a loss of Rs 4,608 crore a year ago. - Net revenue from operations falls nearly 7% to Rs 3.31 lakh crore. 📈 BPCL's robust Q3 performance showcases resilience, potentially boosting investor confidence despite a slight revenue dip. #BPCL #Q3Results #EarningsUpdate 📈 Disclaimer : This is not an investment advice and this is not an investment recommendation.

📈 7% real growth expected in FY25, per India Economic Review. 🚀 Considerable potential for growth surpassing 7% by 2030, as stated by Finance Ministry. 🎯 Government targets a $7 trillion economy by 2030.

Top 10 Stocks to watch Today Adani Power: The Adani Group company saw its consolidated net profit increase more than more than 300-fold to ₹ 2,738 crore in the December quarter from ₹8.8 crore a year ago. Consolidated revenue from operations rose 67.3% year-on-year to ₹12,991.4 crore. SBI Cards and Payment Services: The company clocked 7.8% year-on-year growth in profit to ₹549 crore in the December quarter. Revenue from operations rose 31.8% to ₹4,622 crore. Tata Technologies: The firm registered 14.7% year-on-year growth in consolidated profit at ₹170.22 crore in the December quarter. Revenue from operations grew 14.7% to ₹1,289.5 crore. Vedanta: The mining company reported a 18.3% drop in profit at ₹2,013 crore for the December quarter despite healthy operating numbers, thanks partly to increased finance costs. Revenue from operations rose 4.2% to ₹35,541 crore. HDFC Bank: LIC has received the RBI’s approval to increase its stake in HDFC Bank to 9.99%. LIC currently holds a 5.19% stake, valued at nearly ₹50,000 crore. Sanghi Industries: Net loss widened to ₹201 crore in the December quarter from ₹118 crore a year ago thanks to higher expenses. Net sales were up 42.4% to ₹189.1 crore but expenses rose 31.8% to ₹332.6 crore. Ebitda loss also widened to ₹22.8 crore from ₹18.8 crore last year because of higher finance costs. Laurus Labs: The company has entered into a joint-venture agreement with KRKA, Slovenia, for the production of finished products for new markets, including India. Capri Global: The board has approved the issue of bonus shares in the ratio of 1:1. It has also approved a split of equity shares in the ratio of 1:2, meaning one share with a face value of ₹2 will be split into two shares with face value of ₹1 each. Piramal Enterprises: The company has agreed to sell its 20% direct equity investment in Shriram Investment Holdings Pvt Ltd to Shriram Ownership Trust for ₹1,440 crore. The transaction is expected to be completed by March 31. Last June, Piramal Enterprises sold its entire 8.3% stake in Shriram Finance for ₹4,824 crore through several block deals. Shriram Finance: The company reported 2.3% year-on-year growth in net profit at ₹1,818.3 crore for December quarter. Net interest income increased 17.1% to ₹4,911 crore from ₹4,192.1 crore a year ago. Yes Bank: The private-sector lender reported a 345% year-on-year rise in net profit in the December quarter, but missed estimates. Net profit came in at ₹231.5 crore, against ₹52 crore a year ago. Core income, or net interest income, for the quarter rose 2.3% year-on-year to ₹1,194.6 crore. Zen Technologies: The company’s December-quarter revenue was up three-fold from a year ago, while net profit grew five-fold and the Ebitda margin expanded to 45% from 25.3%. The board also approved raising ₹1,000 crore via a QIP or other methods. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Market Insights: Banks & Pharma Attractively Priced DSP - Sectors in Focus: - BFSI (Banking, Financial Services, and Insurance) - Healthcare (Pharma) - Valuation Overview: - Both BFSI and Healthcare sectors are trading at average valuations. - Performance Dynamics: - These sectors have underperformed the broader small-cap universe, known as the "tail," in recent times. - Historical Cycles: - Three cycles in the past (each lasting 4 to 4.5 years) have seen Banks and Pharma stocks underperforming the broader market tail significantly. - Outlook: - Considering superior earnings trends and attractive valuations for both lenders and pharma firms, it is advisable to increase weights in these sectors. - Limit exposure to the broader market tail where valuations are less attractive. *Source: Bloomberg, DSP* Disclaimer : This is not an investment advice and this is not an investment recommendation.

Indian Markets: Anticipate 700M USD Inflow in Feb “IREDA, PNB, cello may enter MSCI Index: Nuvama” MSCI is about to reveal a new list of stocks that might join its global standard index and small-cap index. The date range for deciding on these stocks is from January 18 to January 31. The official announcement will come on February 13, and any necessary adjustments will happen on February 29. Currently, India’s portion in the MSCI Emerging Markets Index (EM), which includes large and mid-cap representation across 24 emerging market countries, rose to 17.1%. Nuvama anticipates this share to further grow and reach 20% by mid-2024. MSCI indices are crucial benchmarks for measuring the performance of investment portfolios, and they cover a broad range of asset classes, including stocks from various regions and countries. Investors often refer to MSCI indices to analyze and compare the returns of different investment opportunities in the global financial markets. High Conviction Picks for MSCI Global Standard Index by Nuvama: Punjab National Bank (PNB), Bharat Heavy Electricals Ltd (BHEL), and Jindal Stainless Ltd stand out as top picks. Read the full article https://aceink.com/indian-markets-anticipate-700m-inflow-in-feb/

YES BANK Investor Presentation : https://www.bseindia.com/xml-data/corpfiling/AttachLive/78bb4886-0320-4708-9455-3d3b6a415317.pdf

https://youtu.be/7N-_qxXqoG0

Yes Bank Q3 FY24 Results Overview: 1. Profit Surge: - Net profit surged significantly, ranging from a 706% to 976% YoY increase. - Indicates robust progress in the bank's turnaround efforts. 2. NII Growth: - Net Interest Income (NII) showed moderate growth of 2-5% YoY. - Reflects steady progress in the bank's core business. 3. Improved Asset Quality: - Notable improvement in NPA ratios: - Gross NPA ratio fell from 12.9% to 2.0%. - Net NPA ratio dropped from 3.6% to 1.0%. - Reflects effective management of bad loans. 4. Muted NII Growth: - NII growth, while positive, was below expectations. - Some analysts predicted a higher increase. 5. Operating Expenses: - Operating expenses rose by 24.5% YoY. - Outpaced income growth, raising concerns about future profitability. Key Financial Figures: - Net Profit: ₹231.5 Cr vs. ₹51.5 Cr (YoY) - NII: ₹2,016.8 Cr vs. ₹1,970.6 Cr (YoY) - Gross NPA: 2.0% vs. 2.0% (QoQ) - Net NPA: 0.9% vs. 0.9% (QoQ) - Provisions: ₹554.7 Cr vs. ₹844.7 Cr (YoY) - Other Income: ₹1,254 Cr vs. ₹1,112 Cr (YoY) Financial Analysis: - Profitability boosted by reduced provisions compared to the same quarter last year. - Slightly higher other income contributed to the net profit increase. Yes Bank's Q3 results present a mixed scenario with a significant profit surge and improved asset quality, but concerns linger over muted NII growth and escalating operating expenses. Disclaimer : This is not an investment advice and this is not an investment recommendation.

As mentioned in the above, Link to track FOOD INFLATION : https://tradingeconomics.com/india/food-inflation

https://youtu.be/5Dtn2fkh_s4

Interim Budget 2024: What to Expect ? Interim Budget 2024: Five Key Areas to Watch Leading up to the Interim Budget 2024, scheduled for presentation on February 1 by Union Finance Minister Nirmala Sitharaman, market expectations are focused on various factors aimed at fostering growth. Investors and market observers are eagerly awaiting key announcements, although the finance minister has clarified that no “spectacular announcement” is on the horizon for her sixth budget. Sitharaman, acknowledging the political landscape, stated, “I am not going to play a spoilsport, but it is a matter of truth that the February 1, 2024, budget will just be a vote on account. This budget is designed to meet the government’s expenditure until a new government takes charge, given the upcoming elections.” As the Interim Budget 2024 approaches, here are five key areas to watch out for: 1. Capital Expenditure: Read full article https://aceink.com/interim-budget-2024-what-to-expect/

Canara Bank Q3 Results: Net Profit Surges 26.87% to Rs 3,656 Crore, Healthy Asset Quality Public sector lender Canara Bank reported a robust net profit of Rs 3,656 crore for Q3 FY 2023-24, surpassing estimates and showing a significant 26.87% increase from the year-ago period's Rs 2,881.52 crore. - Asset Quality Highlights:   - Gross Non-Performing Asset (NPA): 4.39%, down from 5.89% YoY.   - Net NPA: 1.32%, improved from 1.96% YoY. - Financial Metrics:   - Net Interest Income: Rs 9,417 crore, a growth of 9.50%.   - Net Interest Margin: 3.02%, up by 9 basis points. - Global Business Performance:   - Global business increased by 9.87% YoY to Rs 22,13,360 crore as of December 2023.   - Global Deposits: Rs 12,62,930 crore.   - Global Advance (Gross): Rs 9,50,430 crore. - Retail Lending Portfolio:   - Increased to Rs 1,53,640 crore, a growth of 12.14% YoY.   - Housing Loan Portfolio: Rs 91,800 crore, up by 12.07% YoY.   - Advances to Agriculture & Allied Activities: Rs 2,42,470 crore, a surge of 19.26% YoY. - Branch and ATM Network:   - 9585 branches, including 3095 rural, 2742 semi-urban, 1906 urban, and 1842 metro branches.   - 10,463 ATMs.   - Overseas branches in London, New York, and Dubai. Disclaimer : This is not an investment advice and this is not an investment recommendation.

Top 10 Stocks to watch Today Tech Mahindra: The IT major reported a 61% year-on-year decline in its net profits, which plunged to ₹510.4 crore in the December 2023 quarter, from ₹1,296.6 crore in the year-ago period. Revenue from operations came down 4% year-on-year from ₹13,734.6 crore in Q3FY23 to ₹13,101.3 crore during the period under review. The Q3 earnings for Tech Mahindra are in line with expectations. Bajaj Auto: The company reported a rise of 37% in standalone net profit at ₹2,042 crore, beating estimates of a 33% YoY rise to ₹1,987 crore by leading brokerage firms. At ₹2,042 crore, Bajaj Auto's net profit rose 37 per cent YoY compared to ₹1,491 crore in the year-ago period. The company's revenue from operations jumped 30.1 per cent to ₹12,114 crore, compared to ₹9,315 crore in the corresponding period last year. Tata Steel: The company reported a consolidated net profit of ₹522 crore in Q3FY24, compared to a net loss of ₹2,501.95 crore in the corresponding quarter of the previous year. The company had also registered a net loss of ₹6,511.16 crore in Q2FY24, primarily attributed to impairment charges. Tata Steel's year-on-year (YoY) comparison reveals a 3% decrease in revenue from operations, amounting to ₹55,312 crore. This marks a slight dip from the ₹57,084 crore recorded in the corresponding quarter of the previous year. Indian Oil Corporation (IOC): The company reported a massive jump in its third quarter net profit compared to the year-ago period. Standalone net profit of ₹8,063.39 crore in the December 2023-24 quarter was higher than ₹448.01 crore profit in the same period a year ago but lower than ₹12,967.32 crore in the preceding three months ended September 30, 2023, according to a stock exchange filing by the company. IOC's revenue from operations was marginally lower at ₹2.23 lakh crore in October-December from ₹2.28 lakh crore a year ago on lower oil prices. TVS Motor: The two-wheeler maker reported a 68% YoY rise in standalone net profit at ₹593.35 crore in Q3FY24, compared to a net profit of ₹352.75 crore during the year-ago period. TVS reported a 26% YoY rise in its net standalone revenue to ₹8,245 crore during the quarter under review compared to the ₹6,551 crore it had earned in the year-ago period. The company's operating revenue increased by 26% YoY to ₹8,245 crores for the quarter ended December 2023, compared to ₹6,545 crores reported in Q3FY23. Dalmia Bharat: The cement manufacturer reported a 22% year-on-year rise in its consolidated net profit for Q3FY24 at ₹266 crore. This growth was attributed to easing commodity prices along with subdued fuel cost. Net profit was in line with estimates of analysts polled by Bloomberg. Consolidated revenue of ₹3,600 crore was up 7.3% year-on-year, led by an 8.1% increase in sales volumes. Earnings before interest, tax, depreciation, and amortization (Ebitda) stood at ₹775 crore in December ended quarter, with Ebitda margin at 21.5%. Canara Bank: The state-owned lender reported a net profit of ₹3,656 crore for Q3FY24, registering a growth of 26.87% from ₹2,881.5 crore in the corresponding period last year. The bank’s net interest income (NII) during the quarter rose 9.5% YoY to ₹9,417 crore, from ₹8,600 crore. Net interest margin (NIM) improved by 9 bps to 3.02%, but was flat sequentially. The bank’s loan growth in Q3FY24 stood at 12.6% YoY. DLF Ltd: The realty major reported a 27% increase in consolidated net profit at ₹655.71 crore in the December quarter on higher income and less expenses. Its net profit stood at ₹517.94 crore in the year-ago period. Total consolidated income rose to ₹1,643.51 crore in the October-December quarter of the 2023-24 fiscal from ₹1,559.66 crore in the corresponding period of the previous year. On a standalone basis, DLF's net profit rose 57% to ₹463.66 crore Q3FY24 from ₹294.86 crore in the year-ago period.

Indian Overseas Bank (IOB): The state-owned bank reported a 30% rise in net profit at ₹723 crore for Q3FY24, on the back of improvement in core income and reduction in bad loans. The lender had earned a net profit of ₹555 crore in the corresponding quarter a year ago. Operating profit of the bank improved to ₹1,780 crore compared to ₹1,540 crore in December 2022. Total income increased to ₹7,437 crore during the quarter under review from ₹6,006 crore in the same period last year, IOB said in a regulatory filing. UCO Bank: The state-owned bank reported a 23% decline in net profit at ₹503 crore in Q3FY24. The lender had logged a net profit of ₹653 crore in the same quarter a year ago. Operating profit was almost flat at ₹1,119 crore as against ₹1,354 crore in December 2022 quarter. Total income increased to ₹6,413 crore from ₹5,451 crore in the same period last year, UCO Bank said in a regulatory filing. Interest income also rose to ₹5,552 crore over ₹4,627 crore. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Indian Oil Corporation Q3 2024 Earnings Highlights: - Total Income: Rs 2,28,160.31 crore (YoY: Rs 2,33,876.46 crore) - Total Expense: Rs 2,16,802.74 crore (YoY: Rs 2,33,572.44 crore) - Net Profit: Rs 9,220.85 crore (YoY: Rs 890.28 crore) Sequential Performance: - Sequential Net Profit: Rs 81 billion (QoQ: Rs 130 billion; Estimated: Rs 43.87 billion) - Q3 Revenue: Rs 2.23 trillion (QoQ: Rs 2 trillion) - Q3 EBITDA: Rs 155 billion (QoQ: Rs 213 billion; Estimated: Rs 97.41 billion) - Q3 EBITDA Margin: 6.95% (QoQ: 10.53%; Estimated: 5.1%) ——————————————————————————— Indian Bank Q3 Financial Highlights: - Net Interest Income (NII): Rs 5,815 Cr, up by 5.7% (YoY: Rs 5,499 Cr) - Provisions: Rs 1,349 Cr (QoQ: Rs 1,551 Cr) - Net Non-Performing Assets (NPA): 0.53% (QoQ: 0.60%) - Gross NPA: 4.47% (QoQ: 4.97%) - Net Profit: Rs 2,119 Cr, marking a 52% increase (YoY: Rs 1,396 Cr) Both Beats estimates Disclaimer : This is not an investment advice and this is not an investment recommendation.

PIDILITE INDUSTRIES Q3 RESULTS: STRONG GROWTH 📈 Pidilite Industries reported a remarkable performance in the December 2023 quarter, showcasing substantial growth. FINANCIAL HIGHLIGHTS: - Consolidated net profit surged by 66% to Rs 510.92 crore. - Revenue from operations grew by 4.41% to Rs 3,130 crore compared to Rs 2,997.59 crore last year. SEGMENT-WISE PERFORMANCE: - Consumer & Bazaar segment witnessed a rise of 4.5% to Rs 2,541.27 crore. - B2B segment's revenue increased by 6.23% to Rs 6,373.2 crore. OPERATIONAL EFFICIENCY: - Total expenses decreased by 4.08% to Rs 2,479.79 crore. - Gross Margins improved by 1100 Bps to 52.9%. KEY DRIVERS OF GROWTH: - Robust Underlying Volume Growth (UVG) of 10.4% across categories and geographies. - Continued expansion of distribution touchpoints. - Innovation segment contributing significantly to overall revenues. OUTLOOK AND REMARKS: - Rural and small-town markets outpacing urban growth. - Optimistic about market demand in the near term, supported by increased government spending and improved construction activities. Disclaimer : This is not an investment advice and this is not an investment recommendation. #PidiliteIndustries #Q3Results #BusinessGrowth

Top 10 Stocks to watch Today Tech Mahindra: According to StoxBox, Tech Mahindra may see sequential revenue decline marginally due to persistent softness in demand within the communication and enterprise segments in Q3FY24. However, EBIT margins are poised for substantial improvement, primarily attributed to the absence of one-time costs worth 260 bps witnessed in the previous quarter, although soft growth may partially offset this gain. Axis Bank: The private lender on January 23 reported a net profit of ₹6,071 crore in the December quarter of FY24, reflecting a 4 per cent increase compared to the corresponding period last year. However, the reported net profit of ₹6,071 crore fell slightly short of the market consensus estimate of ₹6,114 crore. Tata Elxsi: Design and technology services provider Tata Elxsi reported a 6% year-on-year (YoY) increase in net profit at ₹206.4 crore during the quarter ending December 2023 from ₹194.6 crore during the year-ago period. Revenue from operations jumped 11% YoY to ₹914.2 crore from ₹817.7 crore during the same period last fiscal year. Bajaj Auto: Ahead of Bajaj Auto's Q3FY24 results, StoxBox expect a robust ~30% annual rise in sales owing to robust volume growth due to strong performance of two wheelers and higher ASPs. However, this positive momentum is likely to be partially counterbalanced by a decline in volumes of three-wheelers and a lower export contribution. As a result, the expected realization is set to decline sequentially, primarily attributed to subdued geographic and product mix. JSW Energy: The company reported over 28% rise in its consolidated net profit to ₹231 crore in the December 2023 quarter. During the quarter, total revenue increased 13% year-on-year to ₹2,661 crore from ₹2,350 crore in Q3FY23, driven by incremental contribution from renewable portfolio and strong thermal performance. Cyient DLM: The electronic manufacturing services company reported a 21.6% year-on-year (YoY) rise in net profit at ₹6.2 crore for Q3FY23. In the corresponding quarter last year, it had posted a net profit of ₹5.1 crore, the company said in a regulatory filing. The company's revenue from operations increased 10% to ₹321 crore against ₹291.8 crore in the corresponding quarter, driven by the aerospace and defence segment. Bharti Airtel: The Indian multinational telecommunications services company on Tuesday announced that it'd be prepaying ₹8,325 crores to the Department of Telecom (Government of India) towards spectrum dues. This prepayment is directed towards addressing part of the deferred liabilities associated with the spectrum acquired in the auction of 2015. United Spirits: Diageo-controlled liquor maker United Spirits reported a 63.5% year-on-year (YoY) rise in net profit at ₹350.2 crore for the third quarter ended December 31, compared to ₹214.2 crore in the corresponding quarter last year. Its revenue from operations increased 8% to ₹3,002 crore as against ₹2,778.7 crore in the corresponding period of the preceding fiscal. Rural Electrification Corporation: The state-run company reported an 18% growth in its Net Interest Income (NII) to ₹4,159 crore for the October-December period. Net profit for the quarter also grew by 14% from last year to ₹3,269.3 crore. REC's asset quality improved on a sequential basis, with gross NPA improving to 2.78% from 3.14% in September, while Net NPA stood at 0.82% from 0.96% in the previous quarter. JSW Group: The Competition Commission of India has approved the proposed acquisition of up to 38 per cent stake in MG Motor India by Sajjan Jindal-led JSW Group. "The Acquirer is a newly incorporated entity and is not engaged in any activities as on date. It is a wholly owned subsidiary of JSW International Tradecorp Pte. Limited and belongs to JSW Group," the CCI stated in its order. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

New investors today 😁

Retail investors are selling in the cash market, while mutual fund investors continue to buy ahead of the interim budget. Market experts attribute the divergence to profit-booking by direct retail investors. Although the interim budget is not expected to directly impact the market, statements addressing the consumption slowdown may influence retail flows into equities. 💹 Investor Behavior: - Retail investors and HNIs have contributed significantly to the ₹95,585.6 crore invested in equity schemes of mutual funds fiscal year through November. However, retail investors directly trading on exchanges have net sold shares worth ₹43,091 crore over the same period. . 📈 Cash Market Sales Reasons: (By Motilal Oswal’s head of retail research Siddhartha Khemka)    - Driven by profit-booking.    - Investors reallocating to other assets or making need-based decisions.

How to TIME The Market and Time in the Market https://www.linkedin.com/posts/bharath-shankar...

ICICI BANK Q3 RESULTS: STRONG PERFORMANCE 🏦 ICICI Bank, the second-largest private lender in India, reported a robust performance in the third quarter of the current fiscal year. FINANCIAL HIGHLIGHTS: - Net profit increased by 24% to Rs 10,272 crore. - Net Interest Income (NII) grew by 13.4% to Rs 18,678 crore. - Total advances showed a strong YoY growth of 18.5% to Rs 11.53 trillion. DEPOSIT AND LOAN GROWTH: - Total period-end deposits rose by 18.7% YoY to Rs 13.32 trillion. - Term deposits increased by 31.2% YoY to Rs 8 trillion. - Retail loan portfolio surged by 21.4% YoY, comprising 54.3% of the total loan portfolio. ASSET QUALITY: - Gross NPA ratio improved to 2.30% as of December 31, 2023, from 2.48% at the end of September. - Net NPA ratio stood at 0.44%. PROVISIONS AND EXPERT OPINIONS: - Provisions (excluding provision for tax) were Rs 1,050 crore in Q3-2024, a decline from Rs 2,257 crore in the same quarter the previous fiscal. - Analysts' outlook:   - ICICI Bank: Buy, Target raised to 1300 from 1225   - JP Morgan: Overweight, Target raised to 1180 from 1150   - Goldman Sachs: Buy, Target raised to 1179 from 1144   - Nomura: Buy, Target raised to 1225 from 1175   - HSBC: Buy, Target raised to 1270 from 1260 NIM AND OUTLOOK: - Net Interest Margin (NIM) contracted to 4.43% in Q3-2024. - The bank remains optimistic about sustaining its balanced deposit and loan growth. The overall results indicate ICICI Bank's resilience and ability to navigate market challenges while maintaining a healthy financial position. 💼📊 Disclaimer : This is not an investment advice and this is not an investment recommendation. #ICICIBank #Q3Results #FinancialPerformance

Top 10 Stocks to watch Today Axis Bank: The lender is set to announce its third quarter results for FY24 on January 23. Kotak Institutional Equities estimates the bank to announce Net Interest Income (NII) of ₹124,553 million for Q3FY24, up 8.6% compared to the corresponding period last year. Net profit for Q3FY24 is projected to stand at ₹62,120 crore, up 6% year-on-year. Zee Entertainment Enterprises: Global brokerage firm CLSA has revised its recommendation on Zee Entertainment Enterprises, changing it from a previous 'buy' rating to 'sell.' This update comes in response to the cancellation of the $10-billion mega-merger with Sony Pictures Network. "With Zee-Sony merger being terminated, we believe Zee’s PE will slump back to 12x levels, seen prior to the Sony merger announcement in August 2021," the brokerage firm stated. ICICI Bank: The private lender released its Q3FY24 results on Saturday and reported a 23.5 jump in its standalone net profit at ₹10,272 crore compared to ₹8,312 in the corresponding quarter last year. The bank reported a healthy jump of 10% in its core operating profit and its asset quality remained stable during the quarter. Cipla: The Pharmaceutical major's consolidated net profit rose 32% to ₹1,056 crore in Q3FY24, compared to the ₹801 crore net profit it earned in the corresponding quarter last year. Cipla's total revenue from operations for the quarter saw a marginal dip at ₹6,603 crore, compared to ₹6,678 crore in the previous quarter, but up 13.66% from ₹5,810.09 crore in the corresponding period a year ago. Coforge: The IT firm recorded a 31% jump in its quarter-on-quarter net profit at ₹238 crore in Q3FY24, from ₹181 crore during the quarter ending September 2023, and a 4.2% rise from ₹228.2 crore in Q3FY3. The revenue from operations of the company rose 16% to ₹6,820.5 crore during the period under review, from ₹5,844.6 crore in December 2022. Colgate-Palmolive India: The fast-moving consumer goods major reported a net 35.71 per cent increase in its net profit to ₹330.11 crore for the December quarter, on Monday, led by a double-digit growth in the toothpaste segment. The company's sales increased by 8.21 percent to ₹1,386.41 crore in Q3FY24, compared to ₹1,281.21 crore in the corresponding period a year ago. Mangalore Refinery and Petrochemicals Ltd (MRPL): The company reported a consolidated net profit of ₹392.08 crore for Q4FY24, compared to a loss of ₹194.95 crore in the same period a year ago, the company said in an exchange filing on Monday. Its consolidated revenue from operations stood at ₹28,383.41 crore in the quarter, down from ₹30,966.16 crore in the same period last fiscal year. Reliance Industries: Brokerage firm Elara Securities has increased the target price of Mukesh Ambani-led Reliance Industries to ₹3,354, while retaining the ‘buy’ tag on the stock after the conglomerate reported its third quarter results for FY24 last week. “We reiterate Buy with a higher TP of ₹3,354 from ₹3,194. We assume 22.8x (unchanged) FY26E EV/EBITDA for Retail, 18.0x (unchanged) for Digital Services and 6.5x (from 6.0x) for O2C," Elara Securities said in its report. Adani Ports and Special Economic Zone (APSEZ) and Adani Electricity Mumbai (AEML): Brokerage firm S&P Global, on Monday, upgraded its outlook for Adani Ports and Special Economic Zone Ltd. (APSEZ) and Adani Electricity Mumbai Ltd. (AEML) from negative to stable after thorough investigations found no wrongdoings into Adani stocks. Tata Motors: The carmaker plans to commence production of electric vehicles at the Sanand plant acquired from Ford India from April this year, as per a top company official. Tata Passenger Electric Mobility Ltd, a unit of Tata Motors, acquired the facility from Ford India for ₹725.7 crore in January last year. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

💼 IDBI Bank Q3 Results Highlights: 📊 Financial Performance: - Net Profit: Rs 1,458.18 crore   - *YoY Growth:* 57.2%   - *Previous Year:* Rs 927.27 crore 💹 Asset Quality Improvement: - Gross NPA: 4.69%   - *YoY Improvement:* From 13.82% - Net NPA: 0.34%   - *YoY Improvement:* From 1.08% Disclaimer : This is not an investment advice and this is not an investment recommendation. #IDBIBank #Q3Results #FinancialPerformance #AssetQuality #StockMarket #BusinessNews

📊 RIL Q3 Results Highlights: A Comprehensive Overview 🚀 Overall Business Strength: - RIL showcases robust financial strength and a strategic business approach, promising benefits for shareholders in the medium term. 🌐 Structural Growth Driver - 5G Services: - Key driver for growth is RIL's strategic focus on expanding 5G services, securing the largest spectrum in the 5G space among all players. 📈 Operational Performance: - Consolidated operating profits for Q3 increased by 17% YoY to Rs 44,678 crores. - Net profit rose by 11% to Rs 19,641 crore. 🛢 Oil and Gas Segment: - Production volumes surged with 50% YoY growth in upstream revenue, driven by a 68% jump in volumes. - O2C business tracked global trends, facing lower price realization but improved EBITDA. 📲 Jio Platforms - Rapid Growth: - Jio added over 11 million subscribers in Q3. - Robust performance with sequential growth and significant YoY improvement. - Data traffic exceeded 3.5 Exabytes throughout Q3 FY24. 🛍 Reliance Retail - Industry Leading Performance: - Fastest-growing segment in Q3 FY24 with double-digit growth. - Segment revenues grew 24% YoY, driven by store area expansion and various operational parameters. 💡 Outlook: - Expected strong domestic gas demand in the oil and gas business. - Ongoing development of the gas grid to keep gas demand strong. - RIL's strategic focus on 5G services is yielding results, providing coverage for over 85% of the total 5G capacity in the country. 🔮 View and Valuation: - RIL's management focuses on high-growth business segments, transforming into a consumer technology firm. - Retail and telecom verticals offer room for further market share gains. - Foray into renewable and clean energy with plans for a new energy giga complex in H2 2024. Disclaimer : This is not an investment advice and this is not an investment recommendation. #RIL #Q3Results #BusinessPerformance #GrowthStrategy

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Top 10 Stocks to watch Today Reliance Industries: Mukesh Ambani-owned Reliance Industries Ltd will announce its December quarter (Q3FY24) results on 19 January, Friday. The oil-to-telecom conglomerate is expected to report a 9.3% year-on-year rise in consolidated net profit to ₹17,257 crore, aided by a steady performance of its digital and retail businesses. Consolidated revenue for Q3FY24 is likely to rise 5% YoY to ₹2.31 trillion. Sequentially, however, performance may be muted. Paytm: The fintech firm's parent company One 97 Communications is expected to report strong revenue growth, with net losses narrowing in the third quarter of FY24. The company’s revenue from operations during Q3FY24 is expected to grow 32% year-on-year (YoY) to ₹2,721 crore. Net loss is seen narrowing to ₹280 crore. Hindustan Unilever: The FMCG major is expected to see muted earnings growth during the third quarter of FY24 as weak festive demand and price cuts are likely to have weighed on its volume and revenue growth. The company will release its Q3 results on Friday, with net profit seen rising 2.2% on year to ₹2,638 crore, as per average estimates of five brokerage houses. Revenue will likely remain flat at ₹15,400 crore. HDFC Bank: India’s largest private sector lender is seeking to open its first branch in Singapore, signalling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp., last year. The bank has applied to the Monetary Authority of Singapore for a banking licence and is awaiting approval, although it is not clear what kind of banking license it is seeking for its Singapore venture. IndusInd Bank: The private lender reported a 17.3% year-on-year rise in standalone net profit to ₹2,297.8 crore for the quarter ended December (Q3FY24) driven by strong loan growth and stable asset quality. At ₹3.27 trillion, the bank registered a loan growth of 20% YoY, while deposits grew 13%. Tata Steel: The steelmaker is reportedly shutting down its Port Talbot blast furnaces in the UK after rejecting a trade union plan formulated to keep its blast furnaces running. The decision was made as per the company's plans to shift to an electric-arc furnace-only site in a bid to reduce carbon emissions and achieve net-zero targets. The move came after a meeting between Tata executives and the community, GMB, and Unite unions. Tata Communications: The Tata group company reported its fastest quarterly revenue growth in nearly nine years on Thursday, boosted by strength in its mainstay data services business. Revenue rose 24.4% to ₹5,633 crore during Q3FY24, while its earnings before interest, taxes, depreciation, and amortization (Ebitda) margin contracted to 20.1% from 23.8% a year earlier. Coal India: As part of its diversification plans, state-run Coal India plans to acquire rare earth and critical mineral mines including lithium, directly from the government, in addition to bidding for Jammu & Kashmir’s lithium reserves in upcoming auctions. The company would be able to apply for mines reserved for government companies or corporations. Jindal Stainless Steel: The crisis in the Red Sea has hurt Jindal Stainless Steel's poses a risk to the company's export targets, managing director Abhudhay Jindal said. The company on Thursday reported a 35% YoY jump in consolidated net profit to ₹691 crore for the December quarter, while consolidated revenue was flat at ₹9,127 crore. Polycab India: The wires and cables manufacturer on Thursday reported a 15.3% YoY increase in consolidated net profit to ₹416 crore for the December quarter of FY24. Revenue from operations rose 17% YoY to ₹4,340.4 crore in Q3FY24. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

https://youtu.be/RcFGA3OwGOQ

Investors After Stock Market Correction 👉🏽 https://www.linkedin.com/posts/bharath-shankar...

South Indian Bank Q3 2024 Earnings Highlights: ➡️Total Income: Rs 2,636.23 crore (YoY: Rs 1,863.87 crore) ➡️Total Expense: Rs 2,152.74 crore (YoY: Rs 1,660.28 crore) ➡️ Profit: Rs 305.38 crore (YoY: Rs 103.01 crore) ➡️NII is down 0.7% at ₹819 cr vs ₹825 cr (YoY) ➡️Gross NPA at 4.74% vs 4.96% (QoQ) ➡️Net NPA at 1.61% vs 1.70% (QoQ) In the third quarter of fiscal year 2024, South Indian Bank showcased robust financial performance. The total expense for Q3 2024 amounted to Rs 2,152.74 crore, marking an increase from Rs 1,660.28 crore in the same period last year. Despite the higher expenses, the bank managed to secure a commendable net profit of Rs 305.38 crore, displaying a notable improvement from Rs 103.01 crore in the previous year. Disclaimer : This is not an investment advice and this is not an investment recommendation.

What Factors Could Trigger a 20% Fall in the Indian Market? Amit Goel Shares Insights Are There Warning Signs for Investors? Why Does Amit Goel Anticipate $30-40 Billion FPI Outflows in the Second Half of 2024 Highlights: -Amit Goel projects robust domestic inflows in the first half of 2024. -Forecasts suggest marginal FII inflows, maintaining a neutral outlook during this period. -Anticipates a shift in the second half, expecting substantial FII outflows. -Goel estimates potential FII outflows ranging from $30-40 billion in the latter part of 2024. Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, predicts a substantial decline of around 20% in Nifty and Sensex in 2024 compared to their 2023 levels. He asserts that the current market valuation is excessively high, indicating an imminent downturn. Read the full article https://aceink.com/what-factors-could-trigger-a-20-fall-in-the-indian-market-amit-goel-shares-insights/

Top 10 Stocks to watch Today LTIMindtree: India’s sixth largest IT services company reported robust earnings for the December quarter, with 17% year-n-year rise in consolidated net profit to ₹1,169 crore. Revenue from operations rose around 5% to ₹9,016 crore. However, operating margin dropped below its full-year guidance of 17-18% in Q3FY24, as higher than expected furloughs and less working days dented profitability. ICICI Prudential Life Insurance: Reported a flat net profit of ₹227 crore for the fiscal third quarter ended December 2023. The company had reported a profit of ₹221 crore in the same quarter a year ago. Net premium income during Q3FY24 rose to ₹9,929 crore, as against ₹9,465 crore in the same period a year ago. Asian Paints: India’s largest paints company Asian Paints Ltd reported a consolidated net profit of ₹1,447.98 crore for the December quarter, up 35% from ₹1,072.67 crore a year ago on the back of softening raw material prices and growth in luxury products. Revenue during the quarter rose by 5.4% to ₹9,074.9 crore primarily due to double-digit growth in the industrial business along with the extended festive season. Bharat Electronics: The aerospace and defence PSU on Wednesday said it has received two orders amounting to ₹1034.31 crore. The company received an order worth ₹695 crore from Mazagon Dock Shipbuilders Ltd, for supply of spares related to missile systems. The other order worth ₹339.3 crore is regarding combat management systems, composite communication systems, mobile autonomous stabilisation systems, and other spares. NHPC Ltd: The government has proposed to sell 251,125,870 shares, representing a 2.5% stake in the renewable energy major, through an offer for sale on Thursday and Friday. It has set the floor price at ₹66 per share, a nearly 10% discount to closing price on Wednesday. The government has also plans to sell an additional 100,450,348 shares, representing 1% of the total paid up capital of the company, in case of an oversubscription. Nazara Technologies: The online gaming platform plans to raise ₹250 crore through a preferential issue of equity shares. Nazara aims to issue up to 28,66,474 fully paid-up equity shares, each with a face value of ₹4, at an issue price of ₹872.15 per share. Cochin Shipyard: Prime Minister Narendra Modi on Wednesday inaugurated a 310-metre-long new dry dock (NDD) and an international ship repair facility (ISRF) at Cochin Shipyard. The New Dry Dock at CSL, costing around ₹1,800 crore, can accommodate future aircraft carriers and large commercial vessels. The ISRF, built at a cost of about ₹970 crore, will modernize CSL's ship repair capabilities and help transform Kochi into a major ship repair hub. Persistent Systems: The mid-tier IT services company has said that its board may consider a proposal of alteration in the share capital of the company by sub-division or split of the existing equity shares having a face value of ₹10 each on 19-20 January. JSW Energy: The company's subsidiary JSW Neo Energy, has announced setting up a pumped storage project with a generation capacity of 1,500 MW, at a cost of ₹9,000 crore in Telangana. The company has signed a Memorandum of Understanding (MoU) with the state government at the World Economic Forum being held in Davos. Happiest Minds Technologies: The IT services company reported a 3.5% on-year and 2% sequential growth in net profit to ₹59.6 crore for the December quarter of FY24. Revenue from operations grew 11.7% year-on-year to ₹409.9 crore during the quarter. Revenue growth in dollar terms was 0.5% sequentially and in constant currency at 0.8% for the December quarter. ------------------- Join LEARNING COMMUNITY for FREE:  https://docs.google.com/document/d/1MQfUbSlx84PdC9_Sj4nrrkmapibZhjkP5ckA0wv0gt0/edit?usp=sharing WhatsApp Support (919739385706)

Today as well HDFC Bank ADR is down more then 6% 😕😢

https://youtu.be/xqZHaZnxn4E

Psychology of Successful Investors : https://www.linkedin.com/posts/bharath-shankar.....

Stock Market: A Simple Perspective Numbers Are Just Numbers: Whether it's 29,000 or 30,000, these are just numbers measuring the Sensex journey. It began at 100, and over the past thirty-eight years, it has grown 300 times. When Sensex began, investors at that time might have found it challenging to imagine a level of 30,000. Numbers will keep changing, and we can't predict when it will touch 100,000 but surely it will touch. Earnings Drive the Trend: As long as company earnings are growing, market declines are temporary bumps in the road. The overall trend is upwards and permanent. Sensex has seen countless "new highs" and "all-time highs." These are standard terms in markets, especially during bullish phases. Market Roller Coaster: Bull or bear, markets can go on for years. There's no fixed timeline. Even in a long bull market, it's not a smooth ride. Bear markets can appear suddenly, as seen last year, followed by a bullish comeback. Visualize Long-Term Trends: Envision a continuous upward trend over a significant period, say ten years or more, with ups and downs. This is the journey, and this is how wealth is built. Fundamentals: The Key to Sustainable Success in the Market.