Stock Market Live Updates 15 May 2024| Stock to buy today: Amara Raja Energy & Mobility

Updated – May 15, 2024 at 08:39 AM.

Sensex, Nifty, Share Prices LIVE: The stock of Amara Raja Energy & Mobility witnessed a sharp rally in April. But after registering a record high of ₹1,202 towards the end of last month, it lost some momentum. On the daily chart, the scrip has formed a morning star candlestick pattern, indicating that the uptrend is set to resume.

tock Market today| Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 15 May 2024.

ALL UPDATES

May 15, 2024 08:39

Stock market live news: Listing of Aadhar Housing Finance Limited on 15th May, 2024

Symbol: AADHARHFC

Series: Equity “B Group”

BSE Code: 544176

ISIN: INE883F01010

Face Value: Rs 10/-

Issued Price: Rs 315/- per share
May 15, 2024 08:38

Share market live news: Listing of TBO TEK LIMITED on 15th May, 2024

Symbol: TBOTEK

Series: Equity “B Group”

BSE Code: 544174

ISIN: INE673O01025

Face Value: Rs 1/-

Issued Price: Rs 920/- per share
May 15, 2024 08:38

Stock market live news: Broker’s Call

Jefferies On Bharti Airtel

Buy Call, Target Rs 1,590 From 1,300

Q4 Saw Strong Subscriber Additions, Mix Improvement & Higher Mobile ARPU

Surprising Positively FCF To Rise As Capex Moderates

Raise Rev/EBITDA Est By Up To 5% To Factor The Beat & Higher Subscriber Additions

Over FY24-FY27, To Deliver 15/16% CAGR In India Rev/EBITDA Along With Moderating Capex

Support Deleveraging Of $6 Bn Over FY25-26 Which In Turn Will Boost Stock Returns

MS on Bharti Airtel

Overweight Call, Target Rs 1,330

India Mobile Business Beat Vs Est On Revenues & EBITDA

India Mobile Biz Beat Led By Better Subs Additions & Slightly Better ARPU

100% Increase In Dividend/Sh For FY24; Stable Net Debt QoQ Despite Strong OCF

UBS on Bharti Airtel

Neutral, TP Rs 1310

Net adds surprise +vely although ARPU growth muted

Consol EBITDA 5% below UBSe.

Net income largely impacted due to devaluation in Naira

Monitor commentary on capex, 5G rollout progress & potential tariff hikes in FY25

GS on Bharti Airtel

Buy

Another robust qtr

While India capex remains elevated at c.30% of revenues (due to elevated 5G roll-outs), Bharti generated US$2 bn+ of FCF in FY24

See room for meaningful improvement in Bharti’s FCF profile

Jefferies on Bharti Hexacom

Buy Call, Target Rs 1,200 From 1,080

Strong Growth Story Unfolding

Q4 Rev, Up 8% YoY, EBITDA, Up 14% YoY & Profits, Up 10% YoY Were All Ahead Of Est

Higher Than Est Subscriber Additions, ARPUs & Incremental EBITDA Margin Surprised Positively

Raise Our Est By Upto 9%

Expect Hexacom To Deliver 17%/23%/77% CAGR In Rev/EBITDA & Profit Over FY24-27

Bharti Hexacom Is The Best Way To Invest In Improving Telecom Tariffs In India

Nomura on Shree Cements

Buy Call, Target Rs 33,400

Beats All Expectations; Records Highest EBITDA/tonne Again

Q4 Better-Than-Expected Realisation Delivers Strong Beat

Co’s reported EBITDA/t came in higher than Ultratech’s for 3rd quarter in a row

Targets 68.5 mt Capacity Expansion By End Of FY25

To Invest Rs 4,500 Cr On Expansion In FY25

MS on Shree Cements

Overweight Call, Target Rs 30,000

Volumes Were In-Line But Realisations Were Better, Driving Revenue Beat

Await Clarity On Power Sales, Which Looks To Have Accelerated During Qtr

Good Show On Raw Materials Costs & ‘Other’ Opex, Drove EBITDA Beat

Jefferies on Shree Cements

Hold Call, Target Rs 29,500

Reported 49% YoY Ebitda Growth To, A 17% Beat Vs Estimate

Co reported industry-leading (blended) EBITDA/T , flat QoQ

Beat Was On Better Topline & Lower Costs

Like For Like Cement Realisation Dipped 6%QoQ/ 3% YoY (In-line)

Q4 Vols Grew 8% YoY, Tad Below Industry Growth.

Co Targets 12 mtpa Expansion In FY25, Taking Capacity To 65.8 mtpa

HSBC on PVR

Downgrade To Hold, Target Cut To Rs 1,520

PVR Reported Its Weakest Quarter Of FY24 (Below Consensus)

Subdued Occupancy Rate Weighed On Its Margin

Q1FY25 Has Started On A Weak Note

Q2 Faces A High Base; Expect Any Meaningful Growth Recovery Only In H2FY25

Box Office Consistency Essential For Any Meaningful Rerating

Nomura on AIA Eng

Reduce Call, Target Rs 3,580

In-line Results; Muted Earnings Prospects

Cut FY25 /FY26 EPS by 3%/6% Led By Volumes

Forecast Modest 3% EPS CAGR Over FY24-26

Jefferies on Siemens

Buy Call, Target Raised To Rs 8,000

Q2FY24 EBITDA Was 11% Higher Given Better Revenues & Margins

Going Forward, See Co Benefiting From Sizeable Power Transmission Capex Ordering

Capex Should Lead To Operating Leverage Surprises With Higher Capacity Utilisation

Incred on Siemens

Add Call, Target Raised To Rs 7,565

Strong Q2FY24 EBITDA Beat On Est

EBITDA Margin Improved By 249 bps YoY To 15.3%.

Energy Biz To Be Demerged In Ratio Of 1:1 & Become A Separate Listed Entity

Energy Biz Demerger Likely To Be Completed By CY25

UBS on Chemical Sector (Initiate coverage)

Think investors may be ignoring strong niche positions & growth opportunities within context of worst global destocking cycle over past 30 years

See signs of modest volume recovery

Structural growth on capability enhancement and supply chain diversification

End of destocking may aid volumes; prices subdued on excess capacity

Initiate Buy on PI Ind,TP Rs 4800

Prefer given its strong growth, management track record, less volatile biz &potential scale up of pharma biz

Initiate Buy on Navin– TP Rs 4250

Co leveraging growth opportunities in agrochem, CDMO& 3rd/4th-gen refrigerants

Initiate Sell on AArti Ind– TP Rs 615

Greater cyclical dependancy & debt levels coupled with high near-term EBITDA guidance

Initiate Sell on Gujarat Fluor– TP Rs 3000

Exposed to Chinese overcapacity in fluoropolymers while its EV biz still in nascent stage
May 15, 2024 08:36

Share market live news: Q4FY24 Important Result Calendar

15 May 2024

Derivative Segment

* Dixon Technologies.

* Granules India Ltd.

* Indian Energy Exchange.

* LIC Housing Finance.

* Power Finance Corporation.

Cash Segment

* Asahi India Glass Ltd.

* Clean Science And Tech.

* Cosmo First Ltd.

* Honeywell Automation.

* Jindal Stainless Ltd.

* Jyothy Labs Ltd.

* Mankind Pharma Ltd.

* MOIL Ltd.

* NCC Ltd.

* NLC India Ltd.

* Redington Ltd.

* Trident Ltd.

16 May 2024

Derivative Segment

* Biocon Ltd.

* Container Corporation.

* Crompton Greaves.

* GAIL (India) Ltd.

* Hindustan Aeronautics.

* Info Edge (India) Ltd.

* Mahindra & Mahindra.

* Vodafone Idea Ltd.

Cash Segment

* Akzo Nobel India Ltd.

* Caplin Point Laboratories.

* eClerx Services Ltd.

* Endurance Technologies.

* Infibeam Avenues Ltd.

* JK Paper Ltd.

* Kaynes Technology.

* KIMS

* Motherson Sumi.

* Prince Pipes.

* Prism Johnson.

* Ratnamani Metals.

* Restaurant Brands.

* Solar Industries.

* Triveni Turbine Ltd.

* V-Guard Industries.

17 May 2024

Derivative Segment

* Astral Ltd.

* Balkrishna Industries.

* Balrampur Chini.

* Bandhan Bank Ltd.

* JSW Steel Ltd.

* Zee Entertainment.

* Zydus Lifesciences.

Cash Segment

* Amber Enterprises.

* Delhivery Ltd.

* Glaxosmithkline Pharma.

* Global Health Ltd.

* Godrej Industries Ltd.

* JB Chemicals.

* NHPC Ltd.

* Pfizer Ltd.

* Poly Medicure Ltd.

* Polyplex Corporation.

* Rail Vikas Nigam Ltd.

* Rashtriya Chemicals.

* Shipping Corporation.

* Sobha Ltd.

* The Phoenix Mills Ltd.

* Varroc Engineering Ltd.

* Vinati Organics Ltd.

18 May 2024

Derivative Segment

Nil

Cash Segment

* Anupam Rasayan.

* Data Patterns (India).

* Gujarat Ambuja Exports.

* Ujjivan Small Finance Bank.

19 May 2024

Derivative Segment

Nil

Cash Segment

* Rainbow Children’s Medicare.

20 May 2024

Derivative Segment

* Bharat Electronics.

* City Union Bank Ltd.

* Deepak Nitrite Ltd.

* Oil & Natural Gas Corp.

* Steel Authority Of India.

* The India Cements Ltd.

Cash Segment

* IRFC.

* KRBL Ltd.

* Nesco Ltd.

* Oil India Ltd.

* Triveni Engineering.

* Whirlpool Of India.

21 May 2024

Derivative Segment

* Bharat Heavy Electricals Ltd.

* NMDC Ltd.

* PI Industries Ltd.

Cash Segment

* Aether Industries Ltd.

* Gujarat State Fertilizers & Chemicals Ltd.

* Hitachi Energy India Ltd.

* NMDC Steel Ltd.

22 May 2024

Derivative Segment

* Grasim Industries Ltd.

* Jubilant FoodWorks Ltd.

* Petronet LNG Ltd.

* Sun Pharmaceutical Industries Ltd.

* The Ramco Cements Ltd.

Cash Segment

* Avanti Feeds Ltd.

* Ester Industries Ltd.

* FSN E-Commerce Ventures Ltd.

* Gland Pharma Ltd.

* GMM Pfaudler Ltd.

* Gujarat Pipavav Port Ltd.

* HEG Ltd.

* Indigo Paints Ltd.

* Star Cement Ltd.

23 May 2024

Derivative Segment

* ITC Ltd.

* Page Industries Ltd.

Cash Segment

* Bikaji Foods International Ltd.

* Esab India Ltd.

* Vaibhav Global Ltd.

24 May 2024

Derivative Segment

* Ashok Leyland Ltd.

* Bosch Ltd.

* Hindalco Industries Ltd.

* Hindustan Copper Ltd.

* Manappuram Finance Ltd.

* Torrent Pharmaceuticals Ltd.

* United Spirits Ltd.

Cash Segment

* Jamna Auto Industries Ltd.

* JM Financial Ltd.

27 May 2024

Derivative Segment

Nil

Cash Segment

* Elgi Equipments Ltd.

* Lakshmi Machine Works Ltd.

* Natco Pharma Ltd.

* Sumitomo Chemical India Ltd.

28 May 2024

Derivative Segment

* Aditya Birla Fashion and Retail Ltd.

Cash Segment

* Amara Raja Energy & Mobility Ltd.

* Medplus Health Services Ltd.

* TTK Prestige Ltd.

29 May 2024

Derivative Segment

* Cummins India Ltd.

* Ipca Laboratories Ltd.

* Samvardhana Motherson International Ltd.

Cash Segment

* Deepak Fertilisers And Petrochemicals Corporation Ltd.

* Emami Ltd.

* RHI Magnesita India Ltd.

30 May 2024

Derivative Segment

* Apollo Hospitals Enterprise Ltd.
May 15, 2024 08:25

Share market live news: Fund Houses Recommendations

Jefferies on Siemens: Maintain Buy on Company, raise target price at Rs 8000/Sh (Positive)

Incred on Siemens: Maintain Buy on Company, raise target price at Rs 7565/Sh (Positive)

Nuvama on Siemens: Maintain Buy on Company, target price at Rs 7700/Sh (Positive)

MS on Bharti Airtel: Maintain Overweight on Company, target price at Rs 1330/Sh (Positive)

Jefferies on Bharti Airtel: Maintain Buy on Company, raise target price at Rs 1590/Sh (Positive)

BofA on Bharti Airtel: Maintain Buy on Company, raise target price at Rs 1430/Sh (Positive)

UBS on Bharti Airtel: Maintain Buy on Company, target price at Rs 1310/Sh (Positive)

MS on Shree Cement: Maintain Overweight on Company, target price at Rs 30000/Sh (Positive)

Nomura on Shree Cement: Maintain Buy on Company, raise target price at Rs 33400/Sh (Positive)

UBS on PI Ind: Initiate Buy on Company, target price at Rs 4800/Sh (Positive)

UBS on Navin Flourine: Initiate Buy on Company, target price at Rs 4250/Sh (Positive)

JP Morgan on Blue Jet: Initiate Neutral on Company, target price at Rs 360/Sh (Neutral)

Nomura on AIA: Maintain Reduce on Company, target price at Rs 3580/Sh (Neutral)

UBS on Aarti Ind: Initiate Sell on Company, target price at Rs 615/Sh (Neutral)

UBS on Gujarat Flouro: Initiate Sell on Company, target price at Rs 3000/Sh (Neutral)

JP Morgan on Apollo Tyre: Maintain Neutral on Company, target price at Rs 535/Sh (Neutral)

Macquarie on Shree Cem: Maintain Neutral on Company, target price at Rs 27034/Sh (Neutral)

Jefferies on Shree Cem: Maintain Hold on Company, target price at Rs 29500/Sh (Neutral)

Citi on JK Cem: Maintain Sell on Company, target price at Rs 3550/Sh (Neutral)

Nuvama on Devyani: Maintain Buy on Company, target price at Rs 212/Sh (Neutral)

Emkay on Devyani: Maintain Reduce on Company, target price at Rs 160/Sh (Neutral)
May 15, 2024 08:23

Share market live news: Sensex, Nifty likely to open on a flat-to-positive note

Amid mixed global cues, domestic markets are expected to open on flat note. At 22,370, Nifty futures in Gift City signals a flat-to-positive opening against Nifty futures closing of 22,308 .

However, the unabated selling by foreign instistuional investors is a cause for concern, said analysts. According to them, with the lack of triggers, activity will be centred around individual stocks.

FPIs remained net sellers for the ninth consecutive session on Tuesday. They offloaded stocks worth ₹4,065.5 crore, according to provisional data from the exchanges.
May 15, 2024 08:13

Market live news: Stocks to watch today

Siemens: Net profit at Rs 803 cr vs poll Rs 548 cr, Revenue at Rs 5750 cr vs poll of Rs 5566 cr

Kirlos Bros: Net profit at ₹142.7 cr vs ₹90.7 cr (YoY), Revenue 9% at ₹1,224 cr vs ₹1,124 cr (YoY)

Radico: Net Profit at Rs 54 cr Vs Rs 43 cr, Revenue at Rs 1079 cr vs Rs 832 cr (YoY)

Thyrocare: Net Profit at Rs 17.2 cr Vs Rs 12.5 cr, Revenue at Rs 154 cr vs Rs 136 cr (YoY)

Bharti Hexa: Net Profit at Rs 223 cr Vs Rs 202 cr, Revenue at Rs 1868 cr vs Rs 1733 cr (YoY)

Oberoi: Net Profit at Rs 788 cr Vs Rs 480 cr, Revenue at Rs 1315 cr vs Rs 961 cr (YoY)

Safari: Net Profit at Rs 43.2 cr Vs Rs 38.0 cr, Revenue at Rs 365 cr vs Rs 303 cr (YoY)

Repco Home: Net Profit at Rs 113.7 cr Vs Rs 84.0 cr, NII at Rs 163 cr vs Rs 147 cr (YoY)

Shree Cement: Net Profit at ₹ 661.8 cr vs poll ₹ 608 cr, Revenue at ₹5,101 cr vs poll ₹ 4,945 cr

Colgate: Net profit at Rs 379.8 cr vs poll of Rs 365 cr, Revenue at Rs 1,490 cr vs poll of Rs 1,486 cr

Apar Industries: Company has recommended a Final dividend of Rs.51 per share

Infosys: Company in multi-year pact with UAE’s First Abu Dhabi Bank to optimize and modernize IT infra

Shyam Metaliks: Approved CAPEX of RS 700cr for production of flat rolled aluminum products

*RBL Bank:*Company receives RBI’s approval for Quant Money Managers Ltd acquisition

*IndiGo:*Company plans to expand regional network with order of 100 smaller planes

Shilpa Med: Clinical trial completed of liver disease treatment drug

Aurionpro: Approved Issue of Bonus Shares in the ratio of 1: 1

Bharti Airtel: Net Profit at Rs 2068 crore versus poll of Rs 2050 crore, Revenues at Rs 37599.0 crore versus poll of Rs 38315 crore

AIA Engg: Net profit at ₹260.5 cr vs ₹268.2 cr (YoY), Revenue at ₹1,150 cr vs ₹1,274 cr (YoY)

CE Info: Net profit at Rs 38 cr vs Rs 31 cr, Revenue at Rs 107.0 cr vs Rs 92.0 cr

Jubilant Ingre: Net profit at Rs 29 cr vs Rs 39 cr, Revenue at Rs 1074.0 cr vs Rs 966.0 cr

BLS INTL: Net profit at ₹85.45 cr vs ₹76.73 cr, Revenue at ₹448 cr vs ₹449 cr (YoY)

Shyam Metalics: Net profit at ₹220. Cr vs ₹254.2 cr, Revenue at ₹3,606 cr vs ₹3,428 cr (YoY)

Nilkamal: Net profit at ₹36 cr vs ₹48 cr, Revenue at ₹834 cr vs ₹829 cr (QoQ)

Surya Roshni: Net profit at ₹103.9 cr vs ₹155.5 cr, Revenue at ₹2,080 cr vs ₹2,151 cr (YoY)

Patanjali: Net profit at ₹206.3 cr vs ₹263.7 cr, Revenue at ₹8222 cr vs ₹7873 cr (YoY)

*Apollo Tyres:*Net profit at ₹354 cr vs ₹410.3 cr, Revenue at ₹6,258 cr vs ₹6,247.3 cr (YoY)

*Andhra Paper:*Company approves splitting each share into 5

M&M: Mahindra Holdings to sell its 30.84% stake in New Delhi Centre For Sight for Rs 425.4 crore to Space Investments, Defati Investments & Infinity Partners

*Siemens India:*Company announces capex of over Rs 1,000 crore for expansion of operations.

Big Bloc Construction: Company announces temporary shutdown of Umargam plant for 45-60 days

Cipla: Promoter Group looking to sell upto 2.53% stake in Cipla via block deal, offer size at ₹2,637 cr

IOL CP: Net profit at Rs 27.6 cr vs Rs 64.8 cr, Revenue at Rs 504 cr vs Rs 587 cr (YoY)

Butterfly: Net loss at Rs 19.8 cr vs Rs 1.6 cr, Revenue at Rs 166 cr vs Rs 187 cr (YoY)

Dalmia Sugar: Net profit at Rs 91.0 cr vs Rs 125.0 cr, Revenue at Rs 750 cr vs Rs 1149 cr (YoY)

Speciality: Net profit at Rs 3 cr vs Rs 56 cr, Revenue at Rs 96 cr vs Rs 88 cr (YoY)

VMart: Net loss at Rs 39 cr vs Rs 37 cr, Revenue at Rs 669 cr vs Rs 594 cr (YoY)

DCM Nouvelle: A fire at one of the cotton warehouses of the Company at Hisar Plant
May 15, 2024 08:11

Stocks in focus: Indian Railway Finance Corporation

Fitch Ratings has affirmed Indian Railway Finance Corporation Limited’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BBB-’. The Outlook is Stable, in line with that of the Indian sovereign (BBB-/Stable). Fitch has also affirmed IRFC’s USD7 billion global medium-term note programme and outstanding senior unsecured note rating at ‘BBB-’.
May 15, 2024 08:09

Market live news: WhiteOak Capital Mutual Fund launches ‘WhiteOak Capital Special Opportunities Fund

WhiteOak Capital Mutual Fund today announced the launch of their new fund offer (NFO) – ‘WhiteOak Capital Special Opportunities Fund’, an open-ended equity scheme that will be following special situations theme. The NFO opens on 15th May and closes on 29th May, 2024.
May 15, 2024 08:07

Share market live news: Stocks that will see action today

Cipla’s promoter group is looking to sell up to 2.53 per cent stake in Cipla through a block deal at an offer size of ₹2,637 crore, sources told businessline. The price range is expected to be between ₹1,289.50 and ₹1,357.35, per sources.

Mahindra & Mahindra said that Mahindra Holdings, wholly owned subsidiary of the company, to sell its 30.83 per cent stake in New Delhi Centre for Sight Ltd for ₹425.4 crore to Space Investments, Defati Investments & Infinity Partners.

Quick service restaurant operator Devyani International Ltd (DIL) and cinema exhibitor PVR INOX on Tuesday said they will jointly establish a company for development and operation of food courts within shopping malls in India. This partnership will empower DIL and PVR INOX to reach a wider audience and expand their market presence, the two firms said in a joint statement.

Siemens Ltd said on Tuesday it will demerge its energy business into a separate listed entity to focus on core businesses that meet the demands of shareholders at its German parent, Siemens AG. Siemens Ltd in December 2023 had said that it was exploring a spin-off of its energy business at the behest of some of its stakeholders. Siemens Energy sold an 18 per cent stake in the Indian entity to Siemens AG for about €2.1 billion to enable the demerger. The German engineering group had spun off and listed Siemens Energy in 2020. Shareholders of Siemens Ltd will receive one share of Siemens Energy India for every share held, the company said.

Results Calendar: A2Z Infra Engineering Limited, Abc Gas (International) Ltd., Aik Pipes And Polymers Ltd., Amanaya Ventures Ltd., Arihant Superstructures Limited, Asahi India Glass Ltd., Bharat Seats Ltd., Bmw Industries Ltd., BN Holdings Ltd., Cantabil Retail India Ltd., Clean Science And Technology Ltd., CMS Info Systems Ltd., Containerway International Ltd., Cosmic CRF Ltd., Cosmo First Ltd., CSL Finance Ltd., Deccan Bearings Ltd., Deep Industries Ltd., Dixon Technologies (India) Ltd., Delton Cables Ltd., Duncan Engineering Ltd., Esaar (India) Ltd., Finkurve Financial Services Ltd., Freshtrop Fruits Ltd., Ganges Securities Ltd., Gccl Infrastructure & Projects Ltd., Goa Carbon Ltd., Gokul Agro Resources Ltd., Granules India Ltd., Gtl Ltd., Gujarat Credit Corporation Ltd., Honeywell Automation India Ltd., Hpl Electric & Power Ltd., Indian Energy Exchange Ltd., Jhandewalas Foods Ltd., Jost’s Engineering Co. Ltd., Jindal Stainless Ltd., Jyothy Labs Ltd., Kisan Mouldings Ltd., Kokuyo Camlin Ltd., Kusam Electrical Industries Ltd., Lic Housing Finance Ltd., Mankind Pharma Ltd., Medi Assist Healthcare Services Ltd., Megasoft Ltd., Modella Woollens Ltd., Moil Ltd., Mukand Ltd., Nagarjuna Fertilizers And Chemicals Ltd., National Plastic Technologies Ltd., Ncc Limited, Nectar Lifesciences Ltd., Nirlon Ltd., Nlc India Ltd., Nureca Ltd., Omkar Overseas Ltd., Palash Securities Ltd., Panabyte Technologies Ltd., Paradeep Phosphates Ltd., Power Finance Corporation Ltd., Pitti Engineering Ltd., Premco Global Ltd., Pricol Ltd., Rama Vision Ltd., Rane Holdings Ltd., Redington Ltd., Regent Enterprises Ltd., R&B Denims Ltd., Keystone Realtors Ltd., Sandur Manganese & Iron Ores Ltd., Sbc Exports Ltd., Sea Tv Network Ltd., Sequent Scientific Ltd., Sicagen India Ltd., Signatureglobal (India) Ltd., Snl Bearings Ltd., Somany Ceramics Ltd., Shriram Asset Management Co. Ltd., Step Two Corporation Ltd., Transport Corporation Of India Ltd., Thomas Cook (India) Ltd., Tijaria Polypipes Ltd., Thirumalai Chemicals Ltd., Titagarh Rail Systems Ltd., Trf Ltd., Tuticorin Alkali Chemicals And Fertilizers Ltd., Umiya Tubes Ltd., U. Y. Fincorp Ltd., Vaxfab Enterprises Ltd.,Visaka Industries Ltd., Wonder Electricals Ltd., Welspun Investments And Commercials Ltd.
May 15, 2024 07:51

Market live news: Updates related to Piotex Industries Limited IPO

The Initial Public Offer (IPO) of Piotex Industries Limited received an overwhelming response from the investors as it recorded 108 times subscription until the final day of bidding. The leading yarn and cotton bale supplier aimed to raise Rs. 14.47 crore from the issue that was floated between May 10 and 14, 2024.

The Non-Institutional Investors (NII) quota was subscribed 122 times and the Retail Individual Investors (RII) quota was subscribed 94 times, bringing the overall subscription to 108 times until the final day of bidding on Tuesday, May 14, 2024.

The price band of the issue was fixed at Rs. 94/- per Equity Share with a face value of Rs. 10 apiece. The IPO comprised a fresh issue of 15.4 lakh Equity Shares with a face value of Rs. 10/- through the book-building route. The minimum lot size for the application is 1,200 Equity Shares. The company is proposed to be listed on BSE SME.

Beeline Capital Advisors Private Limited is the sole Book Running Lead Manager, and Cameo Corporate Services Limited is the Registrar for the issue.

Piotex Industries proposes to utilize the net proceeds from the IPO to fund its working capital requirements, general corporate purposes and meet issue expenses.
May 15, 2024 07:49

Market live news: ICRA Analytics reveals a significant shift in investor behavioUr towards gold exchange-traded funds (ETFs) in India.

This trend is driven by factors such as perceived safety, attractive returns, and the convenience offered by ETFs.

“There is a growing appetite for investing in gold ETFs (exchange-traded funds), which are increasingly being considered as safe investments governed by tight regulations,” says Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics, “Furthermore, a significant number of these ETFs have delivered exceptional one-year returns exceeding 18%.”

“Buying physical gold comes with its fair share of risk, including storage, theft and impurities, thereby impacting the returns. Gold ETFs are comparatively safer as they are governed by tight regulations and are traded on exchanges on a real-time basis. Moreover, the price of gold and its returns in an ETF is the same as physical gold, and the cost of buying a gold ETF is lower as compared to buying the yellow metal.” he added.

According to data available on the AMFI (Association of Mutual Funds in India) website, gold ETFs witnessed net inflows to the tune of around Rs 2028.05 crore during the January-March 2024 period, as against net outflows of Rs 300.58 crore January-March 2023. The net inflows have increased by nearly 60.59 per cent from Rs 1262.91 crore registered during the October-December 2023 period. The net assets under management (AUM) under gold ETF as on March 31, 2024, grew by nearly 37 per cent to touch Rs 31,224 crore, as against Rs 22,737 crore in the same period last year. As of April 30, 2024, the net AUM under gold ETF increased by 43 per cent to touch Rs 32,789 crore, as compared with Rs 22,950 crore in the same period last year.
May 15, 2024 07:48

Share market live news: Vested integrates ClearTax on its platform to simplify US investing tax filings for investors

Investing in US markets has become increasingly popular among Indian investors as more and more individuals have started realizing the benefits of diversifying their investments geographically. However, filing tax returns for US investing was a cumbersome process as besides capital gains, investors are also required to furnish a series of Schedules that outline an investor’s foreign asset holdings. To simplify the process, Vested started offering easy Tax Documents to its customers starting in 2020.

Now, to further simplify the US tax filing process for Indians, Vested has announced the integration of ClearTax on its platform.
May 15, 2024 07:42

Share market live news: Securities in F&O Ban For Trade Date 15-May-2024

* BALRAMCHIN

* BSOFT

* CANBANK

* GMRINFRA

* HINDCOPPER

* PEL

* VODAFONE IDEA

* SAIL

* ZEEL
May 15, 2024 07:26

Share market live news: Researchbytes Analyst’s updates

Researchbytes Events Update

As of 07:19 AM Wednesday 15 May 2024

Can set alert for them at www.researchbytes.com

9:30 AM Patanjali Foods

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/2cv69mvs

10:00 AM Sagar Cement

(Results)

Weblink: https://tinyurl.com/329fnxe4

10:30 AM Colgate

Weblink: https://tinyurl.com/29hpj287

10:30 AM OnMobile Global

Dial: +91 22 6280 1107

Weblink: https://tinyurl.com/mv2atzcs

10:30 AM KDDL

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/tr5e9kr5

11:00 AM Shree Cement

Dial: +91 22 6280 1144

Weblink: https://tinyurl.com/2p9xw3nd

11:00 AM Avadh Sugar

(Results, Investor/Analyst Presentation, Press Release )

Dial: +91 22 6280 1256

Weblink: https://tinyurl.com/56nt65jz

11:00 AM Ideaforge Techn

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/5btfh4a3

11:30 AM SanjivParant

Dial: +91 22 6280 1268

Weblink: https://tinyurl.com/5frvxyvp

12:00 PM Speciality Rest

Dial: +91 22 6280 1144

Weblink: https://tinyurl.com/4me8k7ps

12:00 PM Surya Roshni

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/3yzfda89

12:00 PM ZIM Laboratorie

Dial: +91 22 6280 1557

1:00 PM Beta Drugs

Dial: 022 6280 1143

Weblink: https://tinyurl.com/mr3mdxfu

2:00 PM Magadh Sugar

Dial: +91 22 6280 1256

Weblink: https://tinyurl.com/ydxwfe8n

2:30 PM Bharti Airtel

(Press Release )

Weblink: https://tinyurl.com/zz7bd28b

2:30 PM Eco Recycling

Dial: +91 22 6280 1239

Weblink: https://tinyurl.com/y3zttmyy

3:00 PM V-Mart Retail

Weblink: https://tinyurl.com/m5dnmcwn

3:00 PM Kirloskar Brothers

Dial: +91 22 6280 1309

Weblink: https://tinyurl.com/a4tfcjx9

3:30 PM Apollo Tyres

No Contact Available

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3:30 PM Power Finance

*Analyst Meet:*Jio World Convention Centre Meeting Suite No. 104 A & B, Gate 20, Bandra Kurla Complex, Bandra (EAST), Mumbai 400098

4:00 PM Rulka Electroni

Weblink: https://tinyurl.com/f2c372wb

( Hosted by Fortuna PR )

4:00 PM Radico Khaitan

Dial: +91 22 6280 1116

Weblink: https://tinyurl.com/2s4ybbh7

4:00 PM Advanced Enzyme

Dial: + 91 22 6280 1403

Weblink: https://tinyurl.com/3w9dz7rx

4:00 PM BLS International Services

Dial: +91 22 6280 1107

Weblink: https://tinyurl.com/2pthu92p

4:00 PM Clean Science and Technol

Dial: +91 22 6280 1145

Weblink: https://tinyurl.com/m6cbzmjr

4:00 PM Oberoi Realty

Dial: +91 22 6280 1244

Weblink: https://tinyurl.com/ywkhd4eh

4:00 PM Aarti Pharmalab

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/5xvm7jsf

( Hosted by Valorem )

4:00 PM Aurionpro Sol

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/29w2f26s

( Hosted by Adfactors )

4:00 PM Abans Holdings

Dial: +91 22 6280 1341

Weblink: https://tinyurl.com/58vbuzwm

( Hosted by Valorem )

4:00 PM PDS Limited

Dial: +91 22 6280 1490

Weblink: https://tinyurl.com/43z26dw5

4:00 PM Man Infra

Dial: +91 22 6280 1557

Weblink: https://tinyurl.com/2ekvbhnv

5:00 PM Somany Ceramics

Dial: +91 22 6280 1317

Weblink: https://tinyurl.com/2na6236u

5:00 PM Keystone Realto

Dial: +91 22 6280 1145

Weblink: https://tinyurl.com/3pwr2s46

5:00 PM Edelweiss Fin Serv

Dial: +91 22 6280 1284

Weblink: https://tinyurl.com/3m99e8nd

5:00 PM Granules India

Dial: +91 22 6280 1550

Weblink: https://tinyurl.com/mtrmxjuv

5:00 PM NCC

Dial: +91 22 62801366

Weblink: https://tinyurl.com/5n7n988s

5:00 PM Dixon Technolog

Dial: +91 22 62801384

Weblink: https://tinyurl.com/yyj5h83t

5:30 PM Niyogin Fintech

Dial: 022 6280 1555

Weblink: https://tinyurl.com/2s3f52b4
May 15, 2024 07:08

Stock market live news: MSCI INDIA SMALLCAP INDEX updates

ADDITIONS

AB AMC, ALOK IND, AZAD ENG, CHOICE INT, DILIP BUILDCON, DOMS, DYNAMATIC TECH, EMUDHRA, FORCE MOTOR, GILLETTE, GREENLAM, HAPPY FORGINGS, HUDCO, IGL, INOX INDIA, JUNIPER HOTELS, PAYTM, ORCHID, PURAVANKARA, R R KABEL

SANGHVI MOVERS

DELETIONS

ALOK IN, BOROSIL, BRIGHTCOM, DREAMFOLKS , FORCE MOTORS, GREAVES COTTON, HINDWARE HOME , INDOCO REMEDIES, NEXUS SELECT TRUST, PB FINTECH, PHOENIX MILLS, POLYPLEX, RAJRATAN GLOBAL, SHARDA CROPCHEM, TATVA CHINTAN
May 15, 2024 07:07

Stock market live news: MSCI INDIA INDEX updates

ADDITIONS

BOSCH

CANARA BANK

INDUS TOWERS

JINDAL STAINLESS

JSW ENERGY

MANKIND PHARMA

NHPC

PB FINTECH

PHOENIX MILLS

SOLAR INDUSTRIES INDIA

SUNDARAM FINANCE

THERMAX

TORRENT POWER

DELETIONS

BERGER PAINTS

INDRAPRASTHA GAS

ONE 97 COMMUNICATIONS (PAYTM)
May 15, 2024 07:07

Share market live news: Major US listed stocks result calendar 15.05.2024

Dynatrace, Inc. (Pre market) (Sector- Technology)

Sportradar Group AG (Pre market) (Sector- Technology)

MakeMyTrip Limited (Pre market) (Sector- Entertainment)

Cisco Systems, Inc. (Post market) (Sector- Technology)

ZTO Express (Cayman) Inc. (Post market) (Sector- Logistics)

Grab Holdings Limited (Post market) (Sector- Technology)
May 15, 2024 07:06

Share market news: Economic Calendar – 15.05.2024

Hong Kong and Korea — Market Holiday

14:30 EURO Final GDP q/q (Expected: 0.30% versus 0.30%)

18:00 U.S. CPI m/m (Expected: 0.40% versus 0.40%)

18:00 U.S. Retail Sales m/m (Expected: 0.40% versus 0.70%)
May 15, 2024 06:53

Stock market live news: Broker’s Call: UBS

Initiating coverage in order of preference: PI, Navin, Aarti, GFL

PI Industries (Buy, Rs 4,800), Navin (Buy, Rs 4,250), Aarti (Sell, Rs 615) and Gujarat Fluorochemicals (Sell, Rs 3,000).
May 15, 2024 06:50

Stock market live news: Monarch Networth’s take on Safari Industries

Safari Industries – Q4 FY24 First Cut- CMP- ₹2045- Mcap- Rs 9,900 crore

‘Best-ever gross margins’

Safari Industries reported a revenue growth of 20.7% YoY to Rs. 36.54 crore (largely in line with our estimates). Strong growth across channels continues to drive growth (VIP topline growth of 14.4%, value segment growth of 31% YoY)

The company reported its best-ever gross margins at 50.6% as against 47.9% YoY (+270bps QoQ), despite a sharp improvement in gross margins, OPM contracted by 100bps YoY to 18.3%. Other expenses for the quarter grew by 48% YoY. EBITDA for the quarter stood at Rs. 669mn, a growth of 14.7% YoY.

PAT for the quarter stood at Rs.432mn, a growth of 13.4% YoY.

Outlook

Safari continues to see robust growth, driven by robust growth in the value segment, while gross margins continue to reach new highs. While overall margins saw a decline it remains at good levels. We continue to hold a positive view on the stock with a target price of Rs. 2,320. we reassess our stance shortly
May 15, 2024 06:48

Stock market live news: Fund Flow Activity| 14 May 2024

Provisional Cash Rs. In Crs.

FII/FPI: NET SELL: -4065.52

(9988.34 – 14053.86)

DII: NET BUY: +3527.86

(11455.11 – 7927.25)
May 15, 2024 06:47

Share market live news: Market wrap 14th May, 2024

Market Indices

NIFTY 50 : 22,217.85

⬆️+113.80/+0.51%

SENSEX : 73,104.61

⬆️+328.48/+0.45%

BANKNIFTY :47,859.45

⬆️+105.35/+0.22%

INDIAVIX: 20.19

⬇️-0.41/-1.98%

Rising stocks: 1776

_Falling stocks: 474

Top 3 stock gainers(NIFTY 500):

▪️Cochin Shipyard(⬆️+12.38%)

▪️Finolex (⬆️+11.11%)

▪️Railtel (⬆️+9.56%)

Top 3 stock losers(NIFTY 500):

▪️Tube Investment (⬇️-4.51%)

▪️UPL (⬇️-4.50%)

▪️Cipla (⬇️-4.05%)
May 15, 2024 06:43

Stock market live news: Day Trading Guide for May 15, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI
May 15, 2024 06:41

Market live news: Stock to buy today| Amara Raja Energy & Mobility

The stock of Amara Raja Energy & Mobility witnessed a sharp rally in April. But after registering a record high of ₹1,202 towards the end of last month, it lost some momentum.

On the daily chart, the scrip has formed a morning star candlestick pattern, indicating that the uptrend is set to resume.