Stock Market Live Updates 22 July 2024: Asian stocks fall on Biden exit; Sensex, Nifty eye Budget, earnings

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 22 July 2024.

• July 22, 2024 09:29
  

  Stock market live news: Zydus Lifesciences gets marketing approval for Bevacizumab Biosimilar in Mexico; stock up 0.29% on NSE at ₹1,147.75

  Zydus Lifesciences Limited (including its subsidiaries/ affiliates announced that the Mexican regulatory authority COFEPRIS (Federal Commission for the Protection Against Sanitary Risk), has granted marketing approval for BhavaTM, a Bevacizumab biosimilar. 

  Zydus Lifesciences stock inches up 0.29% on the NSE, trading at ₹1,147.75.

• July 22, 2024 09:28
  

  Stock market live news: Fineotex Chemical raises ₹342.5 crore through preferential allotment; stock trades at ₹359.70 on NSE, down 0.37%

  Fineotex Chemical has raised of ₹342.5 Crore through a preferential allotment of equity shares and convertible warrants.

  FCL stock trades at ₹359.70 on the NSE, down by 0.37%.

• July 22, 2024 09:27
  

  Stock market live news: JSW Neo Energy secures major solar projects; JSW Energy stock rises 1.55%

  JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has received a letter of award from Solar Energy Corporation of India Limited for setting up 500 MW Solar Power Project along with 250 MW / 500 MWh of Energy Storage Systems (Tranche XV).

  The subsidiary has also received a letter of award from Karnataka Renewable Energy Development Limited for setting up 300 MW Solar Power Project at Pavagada Solar Park, Karnataka.

  JSW Energy trades at ₹715.95 on the NSE, up 1.55%.

• July 22, 2024 09:24
  

  Stock market live news: H.G. Infra wins ₹709.11 cr railway project

  H.G. INFRA ENGINEERING: CO SECURES PROJECT WORTH RUPEES 709.11 CR FROM EAST CENTRAL RAILWAY; CONSTRUCTION TO BEGIN JUNE 22, 2024

• July 22, 2024 09:23
  

  Commodities market updates: Gold bounces back

  Gold surged to $2,410 per ounce on Monday, aided by a technical bounce following a roughly 2% dip the previous session and a weaker dollar. Last week, the precious metal fell as the dollar surged due to stronger-than-expected manufacturing growth in the US Mid-Atlantic area in July, while the weekly unemployment claims increase was attributed to seasonal factors. Investors are now looking to US economic data anticipated this week to confirm rate-cut predictions. The Q2 advance estimate for GDP growth, personal expenditure, and income, as well as the June PCE price index, the Federal Reserve’s favoured inflation gauge, are all important indicators. Meanwhile, investors are assessing the impact of President Joe Biden’s decision to terminate his reelection campaign and endorse Vice President Kamala Harris.

• July 22, 2024 09:23
  

  Commodities market updates: Oil prices climb: Brent at $83.19, WTI at $79.10 on China rate cut

  Crude oil futures traded higher on Monday morning as China reduced its lending rate in an effort to boost the economy. At 9.20 am on Monday, September Brent oil futures were at $83.19, up by 0.68 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $79.10, up by 0.58 per cent. August crude oil futures were trading at ₹6630 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹6612, up by 0.27 per cent, and September futures were trading at ₹6564 against the previous close of ₹6553, up by 0.17 per cent.

• July 22, 2024 09:20
  

  Stock market live news: Opening bell: Sensex, Nifty decline amidst earnings concerns

  Indian equity benchmarks, Sensex and Nifty, opened weak on Monday.The 30-share BSE Sensex fell 343.32 points to 80,261.33 in early trade. The NSE Nifty dropped 130.60 points to 24,400.30. Analysts said subdued results from Reliance Industries and Wipro will keep the market under pressure, though Kotak Mahindra Bank, HDFC Bank and Yes Bank came out with strong numbers. The focus will also be on the upcoming Budget, which is scheduled for July 23. The market will remain volatile this week, said experts. Besides, Thursday being the settlement week for monthly F&O contracts at the NSE, the market will remain volatile.

• July 22, 2024 09:12
  

  Stock market live todsay: Q1FY25 Important Result Calendar

  22 July 2024 (Today)

  Derivative Segment

  * Coforge Ltd.

  Cash Segment

  * IDBI Bank Ltd.

  * Indian Overseas Bank

  * Maharashtra Scooters Ltd.

  * Mangalore Refinery & Petrochem

  * Poly Medicure Ltd.

  * Supreme Industries Ltd.

  * Suzlon Energy Ltd.

  * UCO Bank

  * Zensar Technologies Ltd.

  * ZF CV Ctrl Systems India Ltd.

  23 July 2024

  Derivative Segment

  * Bajaj Finance Ltd.

  * Hindustan Unilever Ltd.

  * ICICI Prudential Life Ins Co

  * M&M Financial Services Ltd.

  * SRF Ltd.

  * Torrent Pharmaceuticals Ltd.

  * United Spirits Ltd.

  Cash Segment

  * DCM Shriram Ltd.

  * ICICI Securities Ltd.

  * Kajaria Ceramics Ltd.

  * Schaeffler India Ltd.

  24 July 2024

  Derivative Segment

  * Axis Bank Ltd.

  * Bajaj Finserv Ltd.

  * Indian Energy Exchange Ltd.

  * Indraprastha Gas Ltd.

  * Jindal Steel & Power Ltd.

  * Larsen & Toubro Ltd.

  * Oracle Fin Services Software 

  * Petronet LNG Ltd.

  * SBI Life Insurance Co Ltd.

  * Syngene International Ltd.

  * The Federal Bank Ltd.

  Cash Segment

  * Aditya Birla Sun Life AMC

  * Bajaj Holdings & Inv Ltd.

  * Bikaji Foods International 

  * CG Power & Industrial Solns 

  * Craftsman Automation Ltd.

  * HFCL Ltd.

  * Hitachi Energy India Ltd.

  * India Grid Trust

  * JK Paper Ltd.

  * KPIT Technologies Ltd.

  * Mahindra Lifespace Dev 

  * MAS Financial Services Ltd.

  * Ramkrishna Forgings Ltd.

  * SIS Ltd.

  * Sona BLW Precision Forgings 

  * Tata Teleservices Ltd.

  * The Karnataka Bank Ltd.

  * Trident Ltd.

  * V-Guard Industries Ltd.

  * Welspun Living Ltd.

  25 July 2024

  Derivative Segment

  * Ashok Leyland Ltd.

  * AU Small Finance Bank Ltd.

  * Canara Bank

  * DLF Ltd.

  * Laurus Labs Ltd.

  * Mahanagar Gas Ltd.

  * Mphasis Ltd.

  * Nestle India Ltd.

  * Tech Mahindra Ltd.

  * The Ramco Cements Ltd.

  * United Breweries Ltd.

  Cash Segment

  * Aavas Financiers Ltd.

  * Adani Green Energy Ltd.

  * Chalet Hotels Ltd.

  * Cyient Ltd.

  * Embassy Office Parks REIT

  * Home First Finance Co India

  * Jupiter Wagons Ltd.

  * Jyothy Labs Ltd.

  * Mahindra Holidays & Resorts 

  * Motilal Oswal Fin Services 

  * PNB Housing Finance Ltd.

  * Praj Industries Ltd.

  * Ujjivan Small Finance Bank

  * UTI AMC Ltd.

  * VST Industries Ltd.

  * Westlife Foodworld Ltd

  26 July 2024

  Derivative Segment

  * Bandhan Bank Ltd.

  * Cholamandalam Inv & Fin Co

  * Cipla Ltd.

  * City Union Bank Ltd.

  * IndusInd Bank Ltd.

  * Interglobe Aviation Ltd.

  * Power Grid Corp Of India Ltd.

  * Shriram Finance Ltd.

  Cash Segment

  * Aarti Drugs Ltd.

  * Amber Enterprises India 

  * Equitas Small Finance Bank 

  * Intellect Design Arena Ltd.

  * Kaynes Technology India 

  * KEC International Ltd.

  * Latent View Analytics Ltd.

  * Laxmi Organic Industries 

  * Piramal Pharma Ltd.

  * POWERGRID InvIT

  * Punjab & Sind Bank

  * Sanofi India Ltd.

  * TTK Prestige Ltd.

  27 July 2024

  Derivative Segment

  * Dr. Reddy’s Laboratories 

  * ICICI Bank Ltd.

  * IDFC First Bank Ltd.

  * MCX India Ltd.

  * REC Ltd.

  Cash Segment

  * Finolex Industries Ltd.

  * Sumitomo Chemical India 

  * Jammu & Kashmir Bank 

  29 July 2024

  Derivative Segment

  * ACC Ltd.

  * Bharat Electronics Ltd.

  * Hindustan Petroleum Corp 

  Cash Segment

  * Adani Wilmar Ltd.

  * CSB Bank Ltd.

  * Jindal Saw Ltd.

  * Kansai Nerolac Paints Ltd.

  * KEI Industries Ltd.

  * Privi Speciality Chemicals Ltd.

  30 July 2024

  Derivative Segment

  * Exide Industries Ltd.

  * Granules India Ltd.

  * Indian Oil Corp Ltd.

  * Indus Towers Ltd.

  * Navin Fluorine Int Ltd.

  Cash Segment

  * Ajanta Pharma Ltd.

  * Carborundum Universal Ltd.

  * Castrol India Ltd.

  * Firstsource Solutions Ltd.

  * Star Health & Allied Ins Co 

  * Sterlite Technologies Ltd.

  31 July 2024

  Derivative Segment

  * Ambuja Cements Ltd.

  * Crompton Greaves Cons Elec

  * Godrej Properties Ltd.

  * Mahindra & Mahindra 

  * Maruti Suzuki India Ltd.

  Cash Segment

  * Apar Industries Ltd.

  * Elgi Equipments Ltd.

  * K.P.R. Mill Ltd.

  * Lakshmi Machine Works 

  * Mankind Pharma Ltd.

  * Nuvoco Vistas Corp Ltd.

  01 August 2024

  Derivative Segment

  * Aditya Birla Capital Ltd.

  * Dabur India Ltd.

  * Escorts Kubota Ltd.

  * ITC Ltd.

  * Sun Pharma Industries Ltd.

  * Tata Motors Ltd.

  Cash Segment

  * Akzo Nobel India Ltd.

  * Alkyl Amines Chemicals Ltd.

  * Aptus Value Housing Fin India 

  * Clean Science & Technology 

  * Emami Ltd.

  * Kalyan Jewellers India Ltd.

  * Orient Electric Ltd.

  * Suryoday Small Finance Bank 

  * Tata Motors Ltd. – DVR 

  * The Great Eastern Shipping Co

  * Tube Investments of India Ltd.

  * Vaibhav Global Ltd.

  02 August 2024

  Derivative Segment

  * Titan Company Ltd.

  Cash Segment

  * Computer Age Mgmt Services 

  * Dalmia Bharat Sugar 

  * Glaxosmithkline Pharma

  * Medplus Health Services 

  * Tamilnad Mercantile Bank 

  * Zydus Wellness Ltd.

  03 August 2024

  Derivative Segment

  Nil

  Cash Segment

  * Amara Raja Energy & Mobility 

  * Bank Of India

  * Capri Global Capital Ltd.

  05 August 2024

  Derivative Segment

  * Deepak Nitrite Ltd.

  * Marico Ltd.

  * Tata Chemicals Ltd.

  Cash Segment

  * Avanti Feeds Ltd.

  * Devyani International Ltd.

  * Gujarat State Fert & Chem

  * Honeywell Automation India 

  * Motherson Sumi Wiring India 

  * Orient Cement Ltd.

  06 August 2024

  Derivative Segment

  * Bosch Ltd.

  * Cummins India Ltd.

  * Gujarat Gas Ltd.

  * Shree Cement Ltd.

  * TVS Motor Company Ltd.

  Cash Segment

  * 3M India Ltd.

  * Blue Star Ltd.

  * Gland Pharma Ltd.

  * Indigo Paints Ltd.

  * Rain Industries Ltd.

  * Symphony Ltd.

  07 August 2024

  Derivative Segment

  * Godrej Consumer Products 

  * Pidilite Industries Ltd.

  Cash Segment

  * BASF India Ltd.

  * BSE Ltd.

  * Esab India Ltd.

  * Lemon Tree Hotels Ltd.

  08 August 2024

  Derivative Segment

  * ABB India Ltd.

  * Biocon Ltd.

  * Container Corp Of India Ltd.

  * Page Industries Ltd.

  Cash Segment

  * Gujarat State Petronet Ltd.

  * Timken India Ltd.

  09 August 2024

  Derivative Segment

  * Berger Paints India Ltd.

  * Info Edge (India) Ltd.

  * Jubilant FoodWorks Ltd.

  * Zydus Lifesciences Ltd.

  Cash Segment

  * Cholamandalam Fin Hldgs 

  13 August 2024

  Derivative Segment

  * GNFC Ltd.

  * Hindalco Industries Ltd.

  * Max Financial Services Ltd.

  * Samvardhana Motherson Int 

  Cash Segment

  * Endurance Tech Ltd.

  * HEG Ltd.

  * TCI Express Ltd.

  21 August 2024

  Derivative Segment

  Nil

  Cash Segment

  * P&G Health Ltd.

  28 August 2024

  Derivative Segment

  Nil

  Cash Segment

  * P&G Hygiene & Health Care 

  29 August 2024

  Derivative Segment

  Nil

  Cash Segment

  * Gillette India Ltd.

• July 22, 2024 09:11
  

  Corporate Actions: bonus, buyback, dividend, IPO, open offer, rights issue 

  Dividend

  22-Jul-24

  IMFA: Final Dividend – Rs. – 7.50

  VOLTAMP: Final Dividend – Rs. – 90.00

  CHEMBOND: Final Dividend – Rs. – 3.50

  DHPIND: Final Dividend – Rs. – 4.00

  DIVGIITTS: Final Dividend – Rs. – 2.60

  EXIDEIND: Final Dividend – Rs. – 2.00

  SWELECTES: Final Dividend – Rs. – 4.00

  HAPPYFORGE: Final Dividend – Rs. – 4.00

  XPROINDIA: Dividend – Rs. – 2.00

  BEMHY: Final Dividend – Rs. – 2.00

  CARBORUNIV: Final Dividend – Rs. – 2.50

  23-Jul-24

  NOVARTIND: Final Dividend – Rs. – 25.00

  TCFCFINQ: Final Dividend – Rs. – 1.80

  OCCL: Final Dividend – Rs. – 7.00

  JENBURPH: Dividend – Rs. – 15.30

  PLASTIBLEN: Final Dividend – Rs. – 4.25

  MODISONLTD: Final Dividend – Rs. – 2.00

  GOODYEAR: Final Dividend – Rs. – 15.00

  TCPLPACK: Final Dividend – Rs. – 22.00

  HIL: Final Dividend – Rs. – 22.50

  HCLTECH: Interim Dividend – Rs. – 12.00

  SHRIRAMFIN: Final Dividend – Rs. – 15.00

  SILINV: Final Dividend – Rs. – 2.50

  WEIZMANIND: Final Dividend – Rs. – 0.50

  WALCHPF: Final Dividend – Rs. – 1.00

  RAJRATAN: Final Dividend – Rs. – 2.00

  RAINBOW: Final Dividend – Rs. – 3.00

  DATAPATTNS: Final Dividend – Rs. – 6.50

  SHREECEM: Final Dividend – Rs. – 55.00

  TIINDIA: Final Dividend – Rs. – 1.50

  24-Jul-24

  FORTISMLR: Final Dividend – Rs. – 2.50

  VINYLINDIA: Dividend – Rs. – 6.75

  AVADHSUGAR: Dividend – Rs. – 10.00

  FIEMIND: Final Dividend – Rs. – 20.00

  IFGLEXPOR: Final Dividend – Rs. – 7.00

  ICIL: Final Dividend – Rs. – 2.20

  PIDILITIND: Final Dividend – Rs. – 16.00

  HATSUN: Interim Dividend – Rs. – 6.00

  LAXMIMACH: Final Dividend – Rs. – 75.00

  ELGIEQUIP: Final Dividend – Rs. – 2.00

  FORTIS: Final Dividend – Rs. – 1.00

  HONAUT: Final Dividend – Rs. – 100.00

  PRIVISCL: Final Dividend – Rs. – 2.00

  DYCL: Final Dividend – Rs. – 0.50

  IPO

  Sanstar: 19-Jul-24; Close: 23-Jul-24

  Buyback

  Aurobindo Pharma : Ex-Date: 30-Jul-24

  Bonus

  EIH Associated Hotels : Bonus Issue 1:1; Ex-Date: 29-Jul-24

  Stock Split

  NHC Foods: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 22-Jul-24

  Almondz Global Sec.: Stock Split From Rs. 6/- to Rs. 1/-; Ex-Date: 23-Jul-24

  KSB: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 25-Jul-24

  Magellanic Cloud: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 26-Jul-24

  Rushil Décor: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

  Filatex Fashions: Stock Split From Rs. 5/- to Rs. 1/-; Ex-Date: 09-Aug-24

  Cellecor Gadgets: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

  Balmer Lawrie Investments: Stock Split From Rs. 10/- to Rs. 1/-; Ex-Date: 09-Aug-24

  Right Issue

  Bhandari Hosiery Exports: 08-Jul-24; Close: 22-Jul-24

  SAR Televenture: 15-Jul-24; Close: 22-Jul-24

  Mitcon Consultancy & Engineering: 28-Jun-24; Close: 26-Jul-24

  Lesha Industries: 22-Jul-24; Close: 27-Jul-24

  Indowind Energy: 26-Jul-24; Close: 05-Aug-24

  Inventure Growth & Securities: 15-Jul-24; Close: 13-Aug-24

  Open Offer

  Agro Tech Foods: Open: 11-Jul-24; Close: 25-Jul-24

  Foods And Inns: Open: 23-Jul-24; Close: 05-Aug-24

• July 22, 2024 09:09
  

  Stock market live news: China Lowers LPR Rates, Cuts Key Short-Term Rate

  PBOC 5Year Loan Prime Rate (Jul)

  A: 3.85% F: 3.95% P:3.95%

  PBOC 1Year Loan Prime Rate

  A: 3.35%% F: 3.45% P: 3.45%

  IMPACT: Slightly Positive for base Metals and Negative for Yuan

  The People’s Bank of China unexpectedly slashed key lending rates to new record lows at the July fixing to help a fragile recovery. The one-year loan prime rate (LPR), the benchmark for most corporate and household loans, was cut to 3.35%. Meanwhile, the five-year rate, a reference for property mortgages, was trimmed to 3.85%. Monday’s moves came as the central bank also decided to reduce a key short-term policy rate for the first time in nearly a year following last week’s Third Plenum gathering, and weak Q2 GDP figures and mixed activity data in June. The board lowered the seven-day reverse repo rate to 1.7% from 1.8%, citing efforts to optimize open market operations and increase financial support. Bloomberg News said the seven-day rate could be the future benchmark policy rate as the PBoC in recent weeks indicated a shift toward the short-term rate to guide markets. This will reduce the importance of the existing 1-year benchmark, the medium-term lending facility rate.

• July 22, 2024 09:08
  

  Stock Market Live Today: Fund Houses Recommendations  

  Jefferies on JSW Energy: Maintain Buy on Company, raise target price at Rs 840/Sh (Positive) 

  MS on ICICI Lombard: Maintain Overweight on Company, raise target price at Rs 2205/Sh from Rs 2010/Sh (Positive) 

  Macquarie on ITC: Initiate Buy on Company, target price at Rs 535/Sh (Positive) 

  Citi on Polycab: Maintain Buy on Company, raise target price at Rs 7600/Sh (Positive) 

  Nuvama on TRIL: Maintain Buy on Company, target price at Rs 980/Sh (Positive) 

  Nomura on Reliance Industries: Maintain Buy on Company, target price at Rs 3600/Sh (Positive) 

  Citi on Ultratech: Maintain Buy on Company, target price at Rs 13,000/Sh (Positive) 

  Bernstein on PayTM: Maintain Outperform on Company, target price at Rs 600/Sh (Positive) 

  Jefferies on HDFC Bank: Maintain Buy on Bank, raise target price at Rs 1890/Sh (Positive) 

  GS on HDFC Bank: Maintain Buy on Bank, raise target price at Rs 1961/Sh (Positive) 

  MS on Kotak Bank: Maintain Overweight on Bank, target price at Rs 2300/Sh (Positive) 

  Jefferies on Kotak Bank: Maintain Hold on Bank, raise target price at Rs 1960/Sh (Positive) 

  Citi on BPCL: Maintain Buy on Company, target price at Rs 380/Sh (Positive) 

  MS on BPCL: Maintain Overweight on Company, target price at Rs 366/Sh (Positive) 

  Jeffries on BPCL: Maintain Buy on Company, raise target price at Rs 385/Sh from Rs 365/Sh (Positive) 

  Nomura on Wipro: Maintain Sell on Company, raise target price at Rs 600/Sh (Positive) 

  Citi on Wipro: Maintain Sell on Company, raise target price at Rs 495/Sh from Rs 455/Sh (Neutral) 

  MS on Wipro: Maintain Underweight on Company, raise target price at Rs 459/Sh from Rs 421/Sh (Neutral) 

  Jeffries on Reliance Industries: Maintain Buy on Company, cut target price at Rs 3525/Sh from Rs 3580/Sh (Neutral) 

  MS on Reliance Industries: Maintain Overweight on Company, target price at Rs 3540/Sh (Neutral) 

  Nomura on Reliance Industries: Maintain Buy on Company, target price at Rs 3525/Sh (Neutral) 

  Macquarie on Reliance Industries: Maintain Neutral on Company, raise target price at Rs 2750/Sh from Rs 2630/Sh (Neutral) 

  MS on Can Fin Home: Maintain Overweight on Company, target price at Rs 1050/Sh (Neutral) 

  Bernstein on Kotak Bank: Maintain Market perform on Company, target price at Rs 1750/Sh (Neutral) 

  UBS on PVR: Maintain Buy on Company, target price at Rs 1800/Sh (Neutral) 

  Macquarie on ICICI Lombard: Maintain Underperform on Company, target price at Rs 1260/Sh (Neutral) 

  Macquarie on PayTM: Maintain Underperform on Company, target price at Rs 325/Sh (Neutral) 

  Jefferies on PayTM: Maintain Hold on Company, raise target price at Rs 420/Sh (Neutral) 

  MOSL on PayTM: Maintain Neutral on Company, target price at Rs 500/Sh (Neutral) 

  MOSL on HDFC Bank: Maintain Buy on Bank, target price at Rs 1850/Sh (Neutral) 

  Nuvama on HDFC Bank: Maintain Reduce on Bank, target price at Rs 1650/Sh (Neutral) 

  Kotak on Polycab: Maintain Sell on Company, target price at Rs 4500/Sh (Neutral) 

  Emkay on Indian Hotels: Maintain Add on Company, target price at Rs 615/Sh (Neutral) 

  Nuvama on Indian Hotels: Maintain Hold on Company, target price at Rs 568/Sh (Neutral) 

  Citi on JSW STEEL: Maintain Sell on Company, cut target price at Rs 650/Sh from Rs 750/Sh (Negative) 

  Investec on PVR Inox: Maintain Sell on Company, cut target price to Rs 1273/Sh (Negative) 

  Nomura on Credit Access: Downgrade to Neutral on Company, cut target price to Rs 1300/Sh (Negative)

• July 22, 2024 08:49
  

  Stock Market Live today: Researchbytes Events Update As of 08:06 AM Monday 22 July 2024

  8:00 AM Yes Bank

  Dial: +91 22 7115 8034

  9:30 AM Patanjali Foods

  Dial: +91 22 6280 1309 

  10:00 AM Poonawalla Fincorp

  Dial: +91 22 6280 1414

  12:00 PM Gravita India

  Dial: +91 22 6280 1342 

  2:00 PM Shakti Pumps

  Dial: +91 22 6280 1107 

  3:00 PM Can Fin Homes

  Dial: +91 22 6280 1245 

  3:30 PM Netweb Technolo

  Dial: +91 22 6280 1259 

  3:30 PM SOLARA ACTIVE P

  Dial: +91 22 6280 1346

  3:30 PM UCO Bank

  Dial: +91 22 6480 0114

  4:00 PM Aurum Proptech

  4:00 PM PVR

  Dial: + 91 22 6280 1145

  4:00 PM Oberoi Realty

  Dial: +91 22 6280 1244 

  4:00 PM Kirloskar Pneum

  Dial: +91 22 6280 1342 

  4:00 PM Supreme Ind

  Dial: +91 22 6280 1384

  4:00 PM J. K. Cement

  Dial: +91226280 1143 

  5:00 PM Rossari

  Dial: + 91 22 6280 1141 

  5:00 PM Jana Small Fin

  Dial: +91 2262801102

  5:15 PM Cyient DLM Ltd

  Dial: +91 22 7115 8814

  5:30 PM IOB

  Dial: +91 22 6280 1433

  HDFC Bank : (replay)

  Kotak Mahindra : (replay)

  RBL Bank : (replay)

  BPCL : (replay)

  Tejas Networks : (replay)

  JSW Energy : (replay)

  Indian Hotels : (replay)

  Wipro : (replay)

  Nippon : (replay)

  JSW Steel : (replay)

  Results today …

  Recent interviews …

• July 22, 2024 08:43
  

  Stock market live news: Broker’s call: Havells India (Add)

  Havells India’s sales growth was healthy at 20 per cent y-o-y to ₹5,800 crore, 3 per cent above our estimate, largely driven by Lloyd (+47 per cent y-o-y) and ECD (+20 per cent y-o-y led by fans and air-coolers) amid strong summer season. Gross margin rose 150 bps y-o-y to 31.9 per cent, but was lower than past three quarters by 100-140bps due to cost inflation and sales mix.

• July 22, 2024 08:43
  

  Stock market live news: Broker’s call: Angel One (Neutral)

  Angel One reported strong growth of 11 per cent on a q-o-q and 64 per cent on a y-o-y basis in the total client base during the quarter, outperforming the industry, which grew by about 8 per cent on a q-o-q and 43 per cent on a y-o-y basis. During the quarter, the broking business revenue remained flat due to a decline of 2 per cent in the total number of trades on a q-o-q basis.

• July 22, 2024 08:39
  

  Stock market live news: IPO Screener: Sanstar starts Day 2 on a strong note

  The ₹510-crore initial public offering from plant-based speciality products company Sanstar saw an overwhelming response from retail and high net worth individuals on Day 1 of issue opening on Friday itself. The IPO, with a price band of ₹90 to ₹95 a share, was subscribed 4.16 times.

  The issue will close on July 23.

• July 22, 2024 08:31
  

  Stock market live today: Trading Tweaks

  Ex/record Dividend: Divgi Torqtransfer Systems, Voltamp Transformers, Happy Forgings, Exide Industries, Carborundum Universal, Swelect Energy Systems.

  Ex/record AGM: Happy Forgings, Voltamp Transformers, Exide Industries, Chembond Chemicals, Carborundum Universal, Swelect Energy Systems.

  Moved in short-term Framework: Just Dial.

  Moved out short-term Framework: Black Box, DCX Systems, Dynamic Services & Security, IFB Industries, JNK India, Krishna Defence and Allied Industries, Omaxe, Optiemus Infracom, Solara Active Pharma Sciences, Supreme Power Equipment, Suraj Estate Developers, Veranda Learning Solutions.

• July 22, 2024 08:30
  

  Stock market live today: BONUS, DIVIDEND & SPLIT ALERT

  ➝ Bosch: Final dividend of ₹170 per share. Total FY24 payout: ₹375 per share. Record date: July 19, 2024.

  ➝ ICRA: Final dividend of ₹100 per share. Record date: July 19, 2024.

  ➝ Voltamp Transformers: Highest ever dividend of ₹90 per share. Record date: July 22, 2024.

  ➝ Chennai Petroleum: Final dividend of ₹55 per share. Record date: July 19, 2024.

  ➝ UTI AMC: Total payout of ₹47 per share. Record date: July 18, 2024.

  ➝ Dr. Reddy’s Laboratories: Final dividend of ₹40 per share. Record date: July 16, 2024.

  ➝ TCS: Interim dividend of ₹10 per share. Record date: July 19, 2024.

  ➝ Lupin & M&M Finance: Final dividends of ₹8 and ₹6.3 per share respectively. Record date: July 16, 2024.

  ➝ Nestle India: Total payout of ₹11.25 per share. Record date: July 16, 2024.

  ➝ MM Forgings: 1:1 bonus share. Record date: July 16, 2024.

  ➝ KPI Green & Elcon Engineering: Stock splits—KPI Green: ₹10 into 2x ₹5 shares, Elcon Engineering: ₹2 into 2x ₹1 shares. Record dates: July 18 and July 19, 2024.

• July 22, 2024 08:28
  

  Stock market live today: Stock Recommendations: Route Mobile Ltd. | CMP Rs. 1768 | M Cap Rs. 11101 Cr | 52 W H/L 1930/1386

  (Nirmal Bang Retail Research)

  Result inline with Expectation

  Gross Margin came at 21.7% vs QoQ 21.8% YoY 21.4%

  Revenue from Operations came at Rs. 1103.4 Cr (8.5% QoQ, 14.1% YoY) vs expectation of Rs. 1103 Cr, QoQ Rs. 1017 Cr, YoY Rs. 967.3 Cr

  EBIDTA came at Rs. 123.8 Cr (-1.3% QoQ, 0.5% YoY) vs expectation of Rs. 136.5 Cr, QoQ Rs. 125.4 Cr, YoY Rs. 123.2 Cr

  EBITDA Margin came at 11.2% vs expectation of 12.4%, QoQ 12.3%, YoY 12.7%

  Adj. PAT came at Rs. 78.5 Cr vs expectation of Rs. 96.6 Cr, QoQ Rs. 86.3 Cr, YoY Rs. 92.4 Cr

  Quarter EPS is Rs. 12.5

  Stock is trading at P/E of 26.2x FY25E EPS

• July 22, 2024 08:27
  

  Stock market live today: Stock Recommendations: JSW Steel Ltd. | CMP Rs. 890 | M Cap Rs. 217535 Cr | 52 W H/L 959/723

  (Nirmal Bang Retail Research)

  Consolidated sales volume came at 6.12 Mnt vs QoQ 6.73 Mnt, YoY 5.71 Mnt (Lower sales volume QoQ on account of lower exports)

  EBITDA/tonne (Rs./tonne) came at 9003 vs QoQ 11967, YoY 12340 (EBITDA/tonne was lower on account of lower realizations and certain one offs including inventory valuation impact)

  Result is below expectations

  Revenue from Operations came at Rs. 42943 Cr (-7.2% QoQ, 1.7% YoY) vs expectation of Rs. 42892.5 Cr, QoQ Rs. 46269 Cr, YoY Rs. 42213 Cr

  EBIDTA came at Rs. 5510 Cr (-10% QoQ, -21.8% YoY) vs expectation of Rs. 6050.2 Cr, QoQ Rs. 6124 Cr, YoY Rs. 7046 Cr

  EBITDA Margin came at 12.8% vs expectation of 14.1%, QoQ 13.2%, YoY 16.7%

  Adj. PAT came at Rs. 845 Cr vs expectation of Rs. 1486.8 Cr, QoQ Rs. 1299 Cr, YoY Rs. 2338 Cr

  Quarter EPS is Rs. 3.5

  Stock is trading at EV/EBITDA of 7.2x FY26E EBITDA

• July 22, 2024 08:27
  

  Stock market live today: Stock Recommendations: RELIANCE INDUSTRIES LTD. | CMP Rs. 3110 | M Cap Rs. 2104168 Cr | 52 W H/L 3217/2221

  (Nirmal Bang Retail Research)

  Result marginally Below Expectation

  Revenue from Operations came at Rs. 231784 Cr (-2% QoQ, 11.7% YoY) vs expectation of Rs. 231593.9 Cr, QoQ Rs. 236533 Cr, YoY Rs. 207559 Cr

  EBIDTA came at Rs. 38765 Cr (-8.8% QoQ, 1.8% YoY) vs expectation of Rs. 39621.6 Cr, QoQ Rs. 42516 Cr, YoY Rs. 38093 Cr

  EBITDA Margin came at 16.7% vs expectation of 17.1%, QoQ 18%, YoY 18.4%

  Adj. PAT came at Rs. 15138 Cr vs expectation of Rs. 19930.3 Cr, QoQ Rs. 18951 Cr, YoY Rs. 16011 Cr

  Quarter EPS is Rs. 22.4

  Stock is trading at P/E of 26x FY25E EPS

  Jio

  Jio Reported ARPU of Rs.181.7 VS Exp of Rs.182 QoQ 181.7 YoY Rs.180.5

  Subscriber increased by 1.6% QoQ and 9.2% YoY to 489.7mn

  Revenue came at 29449cr up 2% QoQ and 12.8% YoY

  EBITDA came at Rs.14638cr QoQ up 1.9% yoy up 11.6% 

  Retail

  Retail Revenue came at Rs.66260cr Grew 6.6% yoy and -2.0% QoQ

  Retail EBITDA came at Rs.5448cr vs QoQ 5680cr YoY Rs.4884cr

  EBITDA margin came at 8.2% vs QoQ 8.4% YoY 7.9%

  Area under operation came at 81.3 mnsqft increased by 15.2% yoy and 2.8% QoQ

  O2C

  O2C Revenue increased by 18.1% yoy and 10.2% QoQ to Rs.157133cr, 

  O2C EBITDA came at Rs.13093 cr vs QoQ 16777cr YoY Rs.15271cr

  EBITDA margin came at 8.3% vs QoQ 11.8% YoY 11.5%

  Oil & Gas

  Revenue Came at Rs.6179cr -4.5% QoQ and +33.4% YoY

  EBITDA margin came at 84.3% vs QoQ 86.7% YoY 86.7%

  Production came at 71.7bcf vs QoQ 77.5bcf yoy 48.30bcf

• July 22, 2024 08:27
  

  Stock market live today: Stock Recommendations: Oberoi Realty Ltd. | CMP Rs. 1671 | M Cap Rs. 60767 Cr | 52 W H/L 1953/1030

  (Nirmal Bang Retail Research)

  Result is above expectations

  Revenue from Operations came at Rs. 1405.2 Cr (6.9% QoQ, 54.4% YoY) vs expectation of Rs. 1154.4 Cr, QoQ Rs. 1314.8 Cr, YoY Rs. 910 Cr

  EBIDTA came at Rs. 815.1 Cr (3.4% QoQ, 72% YoY) vs expectation of Rs. 649.8 Cr, QoQ Rs. 788.6 Cr, YoY Rs. 473.7 Cr

  EBITDA Margin came at 58% vs expectation of 56.3%, QoQ 60%, YoY 52.1%

  Adj. PAT came at Rs. 584.5 Cr vs expectation of Rs. 478.2 Cr, QoQ Rs. 788 Cr, YoY Rs. 321.6 Cr

  Quarter EPS is Rs. 16.1

  Stock is trading at P/E of 26.9x FY25E EPS

• July 22, 2024 08:26
  

  Stock market live today: Stock Recommendations: RPG LIFE SCIENCES LTD. | CMP Rs. 1791 | M Cap Rs. 2962 Cr | 52 W H/L 1995/980

  (Nirmal Bang Retail Research)

  Result improved

  Revenue from Operations came at Rs. 165.4 Cr (30.3% QoQ, 11.9% YoY) vs QoQ Rs. 127 Cr, YoY Rs. 147.8 Cr

  EBIDTA came at Rs. 39.1 Cr (88.6% QoQ, 21.2% YoY) vs QoQ Rs. 20.7 Cr, YoY Rs. 32.2 Cr

  EBITDA Margin came at 23.6% vs QoQ 16.3%, YoY 21.8%

  Adj. PAT came at Rs. 26.8 Cr vs QoQ Rs. 13.2 Cr, YoY Rs. 22.1 Cr

  Quarter EPS is Rs. 16.2

  Stock is trading at P/E of 32.1x TTM EPS

• July 22, 2024 08:26
  

  Stock market live today: Stock Recommendations: JSW Energy Ltd. | CMP Rs. 704 | M Cap Rs. 123078 Cr | 52 W H/L 752/282

  (Nirmal Bang Retail Research)

  Result has improved

  Revenue from Operations came at Rs. 2879.5 Cr (4.5% QoQ, -1.7% YoY) vs QoQ Rs. 2755.9 Cr, YoY Rs. 2927.9 Cr

  EBIDTA came at Rs. 1421.5 Cr (21.7% QoQ, 16.3% YoY) vs QoQ Rs. 1168.5 Cr, YoY Rs. 1222.1 Cr

  EBITDA Margin came at 49.4% vs QoQ 42.4%, YoY 41.7%

  Adj. PAT came at Rs. 521.8 Cr vs QoQ Rs. 351.3 Cr, YoY Rs. 289.9 Cr

  Quarter EPS is Rs. 3

  Stock is trading at P/E of 43.5x FY25E EPS

• July 22, 2024 08:26
  

  Stock market live today: Stock Recommendations: Union Bank of India Ltd. | CMP Rs. 136 | M Cap Rs. 103817 Cr | 52 W H/L 173/81

  (Nirmal Bang Retail Research)

  Result is in line with expectations

  Advances came at Rs. 878693 Cr (14% YoY, 0.9% QoQ)

  Net Interest Income came at Rs. 9412 Cr vs expectation of Rs. 9535 Cr, YoY Rs. 8840 Cr, QoQ Rs. 9437 Cr

  NIM came at 3.05% vs QoQ 3.09%

  Non Interest Income came at Rs. 4509 Cr vs expectation of Rs. 3582 Cr, YoY Rs. 3903 Cr, QoQ Rs. 4707 Cr

  PBP came at Rs. 7785 Cr vs expectation of Rs. 7064 Cr, YoY Rs. 7179 Cr, QoQ Rs. 6533 Cr

  Provisions came at Rs. 2756 Cr vs expectation of Rs. 1626 Cr, YoY Rs. 2005 Cr, QoQ Rs. 1260 Cr

  Credit Cost came at 1.3% vs QoQ 0.6% & YoY 1%

  Adj. PAT came at Rs. 3679 Cr vs expectation of Rs. 3585 Cr, YoY Rs. 3236 Cr, QoQ Rs. 3311 Cr

  Gross NPA came at Rs. 41423 Cr vs QoQ Rs. 43098 Cr at 4.54% vs QoQ 4.76%

  Net NPA came at Rs. 7902 Cr vs QoQ Rs. 8990 Cr at 0.9% vs QoQ 1.03%

  Slippages came at Rs. 2318 Cr vs QoQ Rs. 3323 Cr at 1.06% vs QoQ 1.53%

  SMA 0 came at 0.8% vs QoQ 0.4% & YoY 0.5%

  Quarter EPS is Rs. 4.8

  O/s Restructured book came at Rs. 11863 Cr vs QoQ Rs. 13369 Cr at 1.35% vs QoQ 1.54%

  Quarter EPS is Rs. 4.8

  Stock is trading at P/E of 5.8x FY25E EPS & 1.4x trailing P/Adj. BV

• July 22, 2024 08:25
  

  Stock market live today: Stock Recommendations: Tejas Networks Ltd. | CMP Rs. 1405 | M Cap Rs. 24011 Cr | 52 W H/L 1495/651

  (Nirmal Bang Retail Research)

  Order Book Came at Rs.7091cr vs QoQ Rs.8221cr

  Lower Margin QoQ is on account of benefit of PLI of Rs.156cr for fY24 accounted in Q4FY24 vs in Q1FY25 Rs.67cr accounted on Proportionate basis, Adjusted to that margin in Q4FY24 is similar to margin in Q1FY25 

  Result Ok

  Revenue from Operations came at Rs. 1562.8 Cr (17.8% QoQ, 731.7% YoY) vs QoQ Rs. 1326.9 Cr, YoY Rs. 187.9 Cr

  EBIDTA came at Rs. 230 Cr (-24.9% QoQ, -597.1% YoY) vs QoQ Rs. 306.5 Cr, YoY Rs. -46.3 Cr

  EBITDA Margin came at 14.7% vs QoQ 23.1%, YoY -24.6%

  Adj. PAT came at Rs. 77.5 Cr vs QoQ Rs. 146.8 Cr, YoY Rs. -26.3 Cr

  Quarter EPS is Rs. 4.5

  Stock is trading at P/E of 77 x Q1 annualized earning.

• July 22, 2024 08:25
  

  Stock market live today: Stock Recommendations: CreditAccess Grameen Ltd. – C | CMP Rs. 1285 | M Cap Rs. 20485 Cr | 52 W H/L 1796/1190

  (Nirmal Bang Retail Research)

  Result is below expectations due to deterioration in asset quality

  AUM came at Rs. 26304 Cr (21% YoY, -1.5% QoQ)

  Disbursement came at Rs. 4476 Cr vs YoY Rs. 4771 Cr, QoQ Rs. 8053 Cr

  NII came at Rs. 926.8 Cr vs YoY Rs. 720.3 Cr, QoQ Rs. 881 Cr

  NIM came at 13% vs QoQ 13.1%

  PBP came at Rs. 709.3 Cr vs expectation of Rs. 699.1 Cr, YoY Rs. 543.8 Cr, QoQ Rs. 682.7 Cr

  Provision came at Rs. 174.6 Cr vs expectation of Rs. 92.8 Cr, YoY Rs. 76.4 Cr, QoQ Rs. 153.3 Cr

  Credit Cost came at 2.7% vs YoY 1.4%, QoQ 2.3%

  PAT came at Rs. 397.7 Cr vs expectation of Rs. 402.5 Cr, YoY Rs. 348.5 Cr, QoQ Rs. 397 Cr

  GNPA came at 1.46% vs QoQ 1.18%

  NNPA came at 0.45% vs QoQ 0.35%

  0+ DPD came at 2.5% vs QoQ 1.7% & YoY 1.2%

  Quarter EPS is Rs. 24.9

  Stock is trading at P/E of 10.1x FY25E EPS & 2.9x trailing P/BV

• July 22, 2024 08:25
  

  Stock market live today: Stock Recommendations: ICICI Lombard General Insurance Co. Ltd. – S | CMP Rs. 1882 | M Cap Rs. 92832 Cr | 52 W H/L 1886/1266

  (Nirmal Bang Retail Research)

  Result has improved

  GDPI came at Rs. 7688 Cr (+20% YoY)

  Net Premiums earned came at Rs. 4503.9 Cr (+16% YoY)

  PAT came at Rs. 580.4 Cr vs YoY Rs. 390.4 Cr, QoQ Rs. 519.5 Cr

  Combined Ratio came at 102.3% vs QoQ 102.2% (YoY 103.8%)

  Market Share came at 10.6% vs QoQ 8.6% (YoY 9.9%)

  Quarter EPS is Rs. 11.8

  Stock is trading at P/E of 32.4x FY25E EPS & 7.4x trailing P/BV

• July 22, 2024 08:24
  

  Stock market live today: Stock Recommendations: Nippon Life Asset Management Ltd – C | CMP Rs. 635 | M Cap Rs. 40117 Cr | 52 W H/L 687/296

  (Nirmal Bang Retail Research)

  Result is marginally below expectations

  Revenue from Operations came at Rs. 505 Cr vs expectation of Rs. 506 Cr, YoY Rs. 354 Cr, QoQ Rs. 468 Cr

  EBIDTA came at Rs. 316 Cr vs expectation of Rs. 346 Cr, YoY Rs. 202 Cr, QoQ Rs. 291 Cr

  EBITDA Margin came at 62.7% vs expectation of 54.9%, QoQ 62.1%, YoY 57.2%

  PAT came at Rs. 332 Cr vs expectation of Rs. 311 Cr, YoY Rs. 236 Cr, QoQ Rs. 343 Cr

  (PAT is higher due to higher other income)

  MF AUM (Rs Bn) came at Rs. 4838 +12.2% QoQ vs Industry growth of 9.1%

  Market Share Overall came at 8.20% vs YoY 7.28% vs QoQ 7.97%

  Quarter EPS is Rs. 5.3

  Stock is trading at P/E of 29.8x FY25E EPS & 9.2x trailing P/BV

• July 22, 2024 08:24
  

  Stock market live today: Stock Recommendations: The Indian Hotels Company Ltd. | CMP Rs. 578 | M Cap Rs. 82203 Cr | 52 W H/L 663/371

  (Nirmal Bang Retail Research)

  Result is inline with expectations

  Revenue from Operations came at Rs. 1550.2 Cr (-18.6% QoQ, 5.7% YoY) vs expectation of Rs. 1589.4 Cr, QoQ Rs. 1905.3 Cr, YoY Rs. 1466.4 Cr

  EBIDTA came at Rs. 449.6 Cr (-31.9% QoQ, 9.6% YoY) vs expectation of Rs. 453.2 Cr, QoQ Rs. 659.8 Cr, YoY Rs. 410.2 Cr

  EBITDA Margin came at 29% vs expectation of 28.5%, QoQ 34.6%, YoY 28%

  Adj. PAT came at Rs. 248.4 Cr vs expectation of Rs. 257.8 Cr, QoQ Rs. 417.8 Cr, YoY Rs. 222.4 Cr

  Quarter EPS is Rs. 1.7

  Stock is trading at P/E of 49.7x FY25E EPS

• July 22, 2024 08:24
  

  Stock market live today: Stock Recommendations: Wipro ltd. | CMP Rs. 560 | M Cap Rs. 295456 Cr | 52 W H/L 546/352

  (Nirmal Bang Retail Research)

  T CV came at $ 1300 Mn, QoQ $ 3607 Mn, YoY $ 3724 Mn

  CC QoQ came at -1 % vs expectation of -0.5%, QoQ -0.3%, YoY -2.80%

  Guidance: Co has guided for -1% to 1% CC QoQ growth in revenues for Q2FY25

  Result is below expectation, Company met the lower end of guidance given for the quarter.

  Dollar revenue came at $ 2625.9 Mn,(-1.2% QoQ, -5.5% YoY) vs expectation of $ 2650.5 Mn, QoQ $ 2657.4 Mn, YoY $ 2778.5 Mn

  Net sales came at Rs. 21963.8 Cr (-1.1% QoQ, -3.8% YoY) vs expectation of Rs. 22198.9 Cr, QoQ Rs. 22208.3 Cr, YoY Rs. 22831 Cr

  EBIT came at Rs. 3627.5 Cr (2.2% QoQ, 4.9% YoY) vs expectation of Rs. 3631 Cr, QoQ Rs. 3550.1 Cr, YoY Rs. 3457.8 Cr

  EBIT Margin came at 16.5% vs expectation of 16.4%, QoQ 16%, YoY 15.1%

  Adj. PAT came at Rs. 3003.2 Cr vs expectation of Rs. 2953 Cr, QoQ Rs. 2858.2 Cr, YoY Rs. 2870.1 Cr

  Quarter EPS is Rs. 5.7

  Stock is trading at P/E of 21.3x FY26E EPS

• July 22, 2024 08:23
  

  Stock market live today: Stock Recommendations: Bharat Petroleum Corporation Ltd. | CMP Rs. 304 | M Cap Rs. 131999 Cr | 52 W H/L 344/166

  (Nirmal Bang Retail Research)

  Result is broadly in-line with expectations

  Revenue from Operations came at Rs. 113096 Cr (-3% QoQ, 0.1% YoY) vs expectation of Rs. 116971.8 Cr, QoQ Rs. 116555.1 Cr, YoY Rs. 112978.2 Cr

  EBIDTA came at Rs. 5650.5 Cr (-38.7% QoQ, -64.3% YoY) vs expectation of Rs. 5751 Cr, QoQ Rs. 9213.1 Cr, YoY Rs. 15809.8 Cr

  EBITDA Margin came at 5% vs expectation of 4.9%, QoQ 7.9%, YoY 14%

  Adj. PAT came at Rs. 3014.8 Cr vs expectation of Rs. 2620.8 Cr, QoQ Rs. 6022.2 Cr, YoY Rs. 10550.9 Cr

  Quarter EPS is Rs. 6.9

  Stock is trading at P/E of 8.4x FY25E EPS

• July 22, 2024 08:23
  

  Stock market live today: Stock Recommendations: Fedbank Financial Services Ltd. – S | CMP Rs. 127 | M Cap Rs. 4694 Cr | 52 W H/L 154/109

  (Nirmal Bang Retail Research)

  Result is ok

  NII came at Rs. 250 Cr vs YoY Rs. 178 Cr, QoQ Rs. 211 Cr

  PBP came at Rs. 129 Cr vs YoY Rs. 83 Cr, QoQ Rs. 109 Cr

  Provision came at Rs. 35.2 Cr vs YoY Rs. 10.7 Cr, QoQ Rs. 17.7 Cr

  PAT came at Rs. 70 Cr vs YoY Rs. 54 Cr, QoQ Rs. 68 Cr

  AUM came at Rs. 13188 Cr vs YoY Rs. 9434 Cr, QoQ Rs. 12192 Cr

  Disbursements came at Rs. 5005 Cr vs YoY Rs. 2966 Cr, QoQ Rs. 4336 Cr

  Gross NPA (%) came at 2% vs QoQ 1.7%

  Net NPA (%) came at 1.6% vs QoQ 1.3%

  Quarter EPS is Rs. 1.9

  Stock is trading at P/E of 10.6x FY25E EPS & 2x trailing P/BV

• July 22, 2024 08:23
  

  Stock market live today: Stock Recommendations: Ultratech Cement Ltd. | CMP Rs. 11834 | M Cap Rs. 341634 Cr | 52 W H/L 12078/7941

  (Nirmal Bang Retail Research)

  Sales Volume came at 31.8 Mnt vs expectation of 31.3 Mnt, QoQ 35.1 Mnt YoY 30 Mnt

  Result is below expectations

  Revenue from Operations came at Rs. 18069.6 Cr (-11.5% QoQ, 1.9% YoY) vs expectation of Rs. 18388.2 Cr, QoQ Rs. 20418.9 Cr, YoY Rs. 17737.1 Cr

  EBIDTA came at Rs. 3039.3 Cr (-26.1% QoQ, -0.3% YoY) vs expectation of Rs. 3404.3 Cr, QoQ Rs. 4113.9 Cr, YoY Rs. 3049.2 Cr

  EBITDA Margin came at 16.8% vs expectation of 18.5%, QoQ 20.1%, YoY 17.2%

  Adj. PAT came at Rs. 1729.1 Cr vs expectation of Rs. 1828.5 Cr, QoQ Rs. 2330.1 Cr, YoY Rs. 1688.5 Cr

  Quarter EPS is Rs. 59.9

  Stock is trading at EV/EBITDA of 18.4x FY26E EBITDA

• July 22, 2024 08:22
  

  Stock market live today: Stock Recommendations: Blue Dart Express Ltd. | CMP Rs. 8221 | M Cap Rs. 19507 Cr | 52 W H/L 8476/5487

  (Nirmal Bang Retail Research)

  Result is marginally above expectations

  Revenue from Operations came at Rs. 1342.7 Cr (1.5% QoQ, 8.5% YoY) vs expectation of Rs. 1348 Cr, QoQ Rs. 1322.9 Cr, YoY Rs. 1237.6 Cr

  EBIDTA came at Rs. 202.2 Cr (-10.5% QoQ, 6% YoY) vs expectation of Rs. 183.3 Cr, QoQ Rs. 226 Cr, YoY Rs. 190.7 Cr

  EBITDA Margin came at 15.1% vs expectation of 13.6%, QoQ 17.1%, YoY 15.4%

  Adj. PAT came at Rs. 53.4 Cr vs expectation of Rs. 81.7 Cr, QoQ Rs. 77.8 Cr, YoY Rs. 61.3 Cr

  Quarter EPS is Rs. 22.5

  Stock is trading at P/E of 50.9x FY25E EPS

• July 22, 2024 08:22
  

  Stock market live today: Stock Recommendations: Atul Ltd. | CMP Rs. 7062 | M Cap Rs. 20793 Cr | 52 W H/L 7590/5175

  (Nirmal Bang Retail Research)

  Result is above expectations

  Revenue from Operations came at Rs. 1322.1 Cr (9.1% QoQ, 11.8% YoY) vs expectation of Rs. 1315.6 Cr, QoQ Rs. 1212.2 Cr, YoY Rs. 1182 Cr

  EBIDTA came at Rs. 223.2 Cr (51.3% QoQ, 22.5% YoY) vs expectation of Rs. 185.1 Cr, QoQ Rs. 147.6 Cr, YoY Rs. 182.3 Cr

  EBITDA Margin came at 16.9% vs expectation of 14.1%, QoQ 12.2%, YoY 15.4%

  Adj. PAT came at Rs. 111.9 Cr vs expectation of Rs. 0 Cr, QoQ Rs. 58.4 Cr, YoY Rs. 103.4 Cr

  Quarter EPS is Rs. 38

  Stock is trading at P/E of 44.3x FY25E EPS

• July 22, 2024 08:22
  

  Stock market live today: Stock Recommendations: Kabra Extrusiontechnik Ltd. | CMP Rs. 393 | M Cap Rs. 1374 Cr | 52 W H/L 515/290

  (Nirmal Bang Retail Research)

  Result has declined

  Revenue from Operations came at Rs. 88.2 Cr (-47.5% QoQ, -34% YoY) vs QoQ Rs. 168 Cr, YoY Rs. 133.6 Cr

  EBIDTA came at Rs. 8.8 Cr (-68.3% QoQ, -28.8% YoY) vs QoQ Rs. 27.9 Cr, YoY Rs. 12.4 Cr

  EBITDA Margin came at 10% vs QoQ 16.6%, YoY 9.3%

  Adj. PAT came at Rs. 2 Cr vs QoQ Rs. 19 Cr, YoY Rs. 5.8 Cr

  Quarter EPS is Rs. 0.6

  Stock is trading at P/E of 45.7x TTM EPS

• July 22, 2024 08:21
  

  Stock market live today: Stock Recommendations: Aether Industries Ltd. | CMP Rs. 882 | M Cap Rs. 11693 Cr | 52 W H/L 1136/762

  (Nirmal Bang Retail Research)

  Result has improved 

  Revenue from Operations came at Rs. 180 Cr (53.2% QoQ, 11.7% YoY) vs QoQ Rs. 117.5 Cr, YoY Rs. 161.1 Cr 

  EBIDTA came at Rs. 43.2 Cr (322.2% QoQ, -3.5% YoY) vs QoQ Rs. 10.2 Cr, YoY Rs. 44.7 Cr 

  EBITDA Margin came at 24% vs QoQ 8.7%, YoY 27.8% 

  Adj. PAT came at Rs. 32.9 Cr vs QoQ Rs. 6 Cr, YoY Rs. 29.8 Cr 

  Quarter EPS is Rs. 2.5 

  Stock is trading at P/E of 69.7x FY25E EPS

• July 22, 2024 08:21
  

  Stock market live today: Market report from Arvinder Singh Nanda, Senior Vice President, of Master Capital Services

  The momentum in Nifty and Sensex softened this week as profit booking was seen ahead of the Union Budget 2024 presentation next week. This highly anticipated event will address the needs and expectations of a diverse range of stakeholders, including common taxpayers, investors, industries, farmers, women, and major industry sectors such as FMCG, real estate, and technology. This week, the rally in the benchmark indices was driven by IT stocks, buoyed by strong performance in the June quarter (Q1FY25) and expectations regarding the Federal Reserve’s interest rate cut. India’s wholesale inflation rate surged to 3.36% in June, up from 2.61% in May, which, was primarily driven by rising food and energy prices. Foreign institutional investors (FIIs) extended their buying in this week, as they bought equities worth of Rs 10,946 crore, while Domestic Institutional Investors (DII) sell equities worth Rs 4226 crore.

  The Nifty index has formed a shooting star candle on the weekly charts, suggesting a potential reversal from the recent upward trend after making an all-time high of 24854.80. The immediate support levels are 24,150 and then 23,750. A break below these levels could signal continued bearish momentum and potential further declines. On the upside, the resistance zone is between 24,850 and 24,900. The key indicator RSI starts declining from a level of 75, indicating that the index is moving out of the overbought territory and may be due for a correction or a pullback.

  Bank Nifty has been trading within a range since June 20th, indicating a period of consolidation. Market participants are awaiting heavyweight stock results, particularly from Kotak Mahindra Bank and HDFC Bank, which are expected today. The immediate support levels are 51,800 and 51,100. A break below these levels could signal further downside momentum and potential declines. On the upside, the resistance zone is between 52,850 and 53,400. If the index breaks mentioned supports, consider adjusting strategies to sell or short the market. Conversely, if Bank Nifty remains above these support levels and heavyweight results are positive, it could lead to a breakout from the current range.

• July 22, 2024 08:20
  

  Stock Market Live news: Budget Set to Enhance EVs, Manufacturing; Focus on Robust Companies

  The upcoming Union Budget is expected to fuel growth in manufacturing and electric vehicles. 

  The Investors keen on these themes should focus on companies benefiting from government initiatives like PLI schemes and infrastructure development. While the EV space offers long-term potential, careful stock selection is crucial.

  Consider companies with strong balance sheets, competitive advantages, and a clear path to profitability

  -Mr.Nishant Shrivastava,MD and CEO Torus Wealth

• July 22, 2024 08:19
  

  Stock market live news: This week’s market report by Pravesh Gour, Senior Technical Analyst at Swastika Investmart 

  The market experienced minor gains, extending its gaining streak to seven weeks. However, a sharp fall on Friday erased most of the gains made during the week. Despite this, Sensex and Nifty outperformed broader markets. IT firms delivered stellar performances over the past week, contributing significantly to the market’s overall performance.

  The upcoming Union Budget on July 23, 2024, has become the next focal point for the market, with high expectations for growth-oriented policies. Several factors will influence the market direction, including Q1FY25 earnings reports, domestic and global economic data, and broader global market trends. Market sentiment will be closely monitored by observing foreign and domestic institutional investor activity (FII and DII) and crude oil prices.

  Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in the Lok Sabha on Tuesday, July 23, 2024. On the domestic front, the Q1FY25 earnings season also begins this week. Key companies such as Bajaj Finance (BAJFINANCE), Hindustan Unilever (HINDUNILVR), Axis Bank (AXISBANK), Larsen & Toubro (LT), Nestle India (NESTLEIND), and Cipla (CIPLA) will release their earnings from July 23 to 26, 2024, respectively. Additionally, the development of the monsoon season will be a significant point of interest for investors and traders.

  On the global front, the US market has experienced some profit booking from higher levels as investors take profits from tech shares that have been highly profitable this year. Market participants will be closely focused on US economy data like US durable goods data and US core PCE price data on July 25 and July 26, respectively. 

  The Nifty index has shown its first signs of weakness after a significant vertical rise, forming a bearish engulfing candlestick on the daily chart. However, to confirm a reversal, we need follow-up selling. A decisive move below 24,500 can lead to further weakness, potentially driving the index towards the 24,000-23,650 range, with intermediate support between 24,250-24,150. On the upside, the 24,800-25,000 range will act as a supply zone. A move above 25,000 could signal a continuation of the rally.

  For the Bank Nifty index, there is an immediate and crucial support level at 52,000. A decisive move below this level can lead to further weakness towards the 51,000 mark. On the upside, the 52,800-53,000 range serves as a critical resistance zone. A breakout above this level could trigger a rally towards the 53,500-54,000 range.

• July 22, 2024 07:49
  

  Stock market live news: Securities in Ban For Trade Date 22-JUL-2024

  1 BALRAMCHIN

  2 BANDHANBNK

  3 GMRINFRA

  4 HAL

  5 HINDCOPPER

  6 INDIACEM

  7 PEL

  8 SAIL

  9 VEDL

• July 22, 2024 07:47
  

  Stock Market Live Today: FIIs and DIIs boost stakes in Vodafone Idea

  MOTILAL OSWAL FUNDS’ HIGHEST ALLOCATION IS IN – VODAFONE IDEA 

  10% OF PORTFOLIO ALLOCATION OF MOTILAL OSWAL MIDCAP FUND IS IN THIS COMPANY 

  QUANT MUTUAL FUND ALSO HOLDS VODAFONE IDEA 

  BOTH FIIs & DIIs HAVE SIGNIFICANTLY INCREASED THEIR STAKE IN VODAFONE ODEA 

  FIIs HAVE INCREASED THEIR STAKE FROM 1.97% TO 12.13% QOQ & 

  DIIs HAVE INCREASED THEIR STAKE FROM 2.20% TO 5.46% QOQ

  GQG Partners name appears with 2.23% stake 

  Mcap (Cr.): 1,14,237.29

• July 22, 2024 07:45
  

  Stock market live today: Ashika: Result at a Glance_July 19, 2024

  Ultratech Cement Ltd.: Net Revenue at Rs. 18069.6 crore, +1.9% YoY, and-11.5% QoQ. EBITDA at Rs. 3039.3 crore, -0.3% YoY and -26.1% QoQ. EBITDA Margin at 16.8%, -37 bps YoY and -333 bps QoQ. Net Profit at Rs. 1695.2 crore, +0.3% YoY and -24.9% QoQ. Ashika

  Wipro Ltd.: Net Revenue at Rs. 21963.8 crore, -3.8% YoY, and-1.1% QoQ. EBITDA at Rs. 4354.1 crore, +3.6% YoY and -1.1% QoQ. EBITDA Margin at 19.8%, +141 bps YoY and +1 bps QoQ. Net Profit at Rs. 3036.6 crore, +5.2% YoY and +6.2% QoQ.

  JSW Steel Ltd.: Net Revenue at Rs. 42943.0 crore, +1.7% YoY, and-7.2% QoQ. EBITDA at Rs. 5510.0 crore, -21.8% YoY and -10% QoQ. EBITDA Margin at 12.8%, -386 bps YoY and -40 bps QoQ. Net Profit at Rs. 867.0 crore, -64.3% YoY and -34.4% QoQ. Ashika

  Bharat Petroleum Corporation Ltd.: Net Revenue at Rs. 128106.4 crore, -0.1% YoY, and-3% QoQ. EBITDA at Rs. 5626.6 crore, -64.4% YoY and -38.6% QoQ. EBITDA Margin at 4.4%, -791 bps YoY and -254 bps QoQ. Net Profit at Rs. 2841.6 crore, -73.3% YoY and -40.7% QoQ.

  Oberoi Realty Ltd.: Net Revenue at Rs. 1405.2 crore, +54.4% YoY, and+6.9% QoQ. EBITDA at Rs. 815.1 crore, +72% YoY and +3.4% QoQ. EBITDA Margin at 58%, +594 bps YoY and -197 bps QoQ. Net Profit at Rs. 584.5 crore, +81.7% YoY and -25.8% QoQ. Ashika

  Nippon Life India Asset Management Ltd.: Net Revenue at Rs. 505.0 crore, +42.6% YoY, and+7.8% QoQ. EBITDA at Rs. 316.4 crore, +56.3% YoY and +8.8% QoQ. EBITDA Margin at 62.7%, +550 bps YoY and +57 bps QoQ. Net Profit at Rs. 332.2 crore, +40.9% YoY and -3.1% QoQ. Ashika

  One97 Communications Ltd.: Net Revenue at Rs. 1501.6 crore, -35.9% YoY, and-33.8% QoQ. EBITDA at Rs. -792.2 crore, Rs. -292.7 crore YoY and Rs. -223.5 crore QoQ. Net Profit at Rs. -840.1 crore, Rs. -358.4 crore YoY and Rs. -550.5 crore QoQ.

  CreditAccess Grameen Ltd.: NII at Rs. 1001.7 crore, +27.6% YoY and +2.7% QoQ. Net Profit at Rs. 397.7 crore, +14.8% YoY and +0.2% QoQ.

  Atul Ltd.: Net Revenue at Rs. 1322.1 crore, +11.8% YoY, and+9.1% QoQ. EBITDA at Rs. 223.2 crore, +22.5% YoY and +51.3% QoQ. EBITDA Margin at 16.9%, +147 bps YoY and +471 bps QoQ. Net Profit at Rs. 112.1 crore, +9.8% YoY and +90.6% QoQ. Ashika

  Blue Dart Express Ltd.: Net Revenue at Rs. 1342.7 crore, +8.5% YoY, and+1.5% QoQ. EBITDA at Rs. 202.2 crore, +6% YoY and -10.5% QoQ. EBITDA Margin at 15.1%, -35 bps YoY and -202 bps QoQ. Net Profit at Rs. 53.4 crore, -12.8% YoY and -31.3% QoQ.

  Aether Industries Ltd.: Net Revenue at Rs. 180.0 crore, +11.7% YoY, and+53.2% QoQ. EBITDA at Rs. 43.2 crore, -3.5% YoY and +322.2% QoQ. EBITDA Margin at 24%, -378 bps YoY and +1528 bps QoQ. Net Profit at Rs. 29.9 crore, +0.4% YoY and Rs. -1.4 crore QoQ. Ashika

  Jubilant Pharmova Ltd.: Net Revenue at Rs. 1731.7 crore, +9.1% YoY, and-1.5% QoQ. EBITDA at Rs. 251.5 crore, +48.3% YoY and -7.3% QoQ. EBITDA Margin at 14.5%, +384 bps YoY and -91 bps QoQ. Net Profit at Rs. 481.8 crore, Rs. 6.0 crore YoY, Rs. -61.8 crore QoQ.

  Transformers & Rectifiers (India) Ltd.: Net Revenue at Rs. 322.0 crore, +107% YoY, and-37.2% QoQ. EBITDA at Rs. 42.2 crore, Rs. 4.4 crore YoY, Rs. 71.6 crore QoQ. Net Profit at Rs. 20.8 crore, Rs. -12.2 crore YoY, Rs. 41.6 crore QoQ.

  Avantel Ltd.: Net Revenue at Rs. 51.8 crore, -24.9% YoY, and+24% QoQ. EBITDA at Rs. 14.2 crore, -0.6% YoY and -22% QoQ. EBITDA Margin at 27.4%, +669 bps YoY and -1610 bps QoQ. Net Profit at Rs. 7.4 crore, -7.9% YoY and -39.3% QoQ. Ashika

  Tanfac Industries Ltd.: Net Revenue at Rs. 95.3 crore, -10.2% YoY, and-7.3% QoQ. EBITDA at Rs. 15.6 crore, -35.2% YoY and -4.4% QoQ. EBITDA Margin at 16.4%, -634 bps YoY and +50 bps QoQ. Net Profit at Rs. 11.3 crore, -38.6% YoY and -10.9% QoQ.

• July 22, 2024 07:43
  

  Stock market live today: 19-July: Prov Cash: Rs crs

  FII’s: +1,506 (15,892-14,386)

  DII’s: -461 (15,051-15,512)

  FIIs YTD cumulative Flows as on Friday (INR Cr.): +33,972.33 (Primary + Secondary)

  Friday’s Cash Vol: INR 1455Bn vs INR 1578Bn on previous trading day (-7%)

  Large Blocks Reported on Friday:

  5.33mn Infosys (969 cr), 2.69mn Rail Vikas Nigam (166 cr), 18.80mn Mahanagar Telephone Nigam (132 cr), 228k Hindustan Aeronautics (112 cr), 417k Krishna Institute of Medical S (89 cr), 176k Avenue Supermarts (88 cr), 256k Reliance Industries (81 cr), 295.59mn GTL Infrastructure (77 cr), 510k Sundram Fasteners (71 cr), 4.21mn Tata Steel (68 cr), 2.44mn Indian Renewable Energy Develo (67 cr)

  52 Weeks High/Low Prices Prices Hit Today for NSE 500

  # High Price

  ONGC 333.5

  BRIT 5978

  MTNL 70.48

  INFO 1844

  TRP 3079

  MRCO 686.7

  WPRO 580

  HMN 814

  JUST 1304.6

  TCS 4360.25

  MPHL 2915

  GCPL 1476.95

  MGFL 9230.4

  VO 1999.95

  INFOE 7069.95

  PIDI 3244.65

  AIAE 4699.95

  # Low Price

  NA

• July 22, 2024 07:40
  

  Stock market live news: CHINA’S PBOC CUTS LPR RATES BY 10 BPS.

  THE 1-YEAR LPR CUT TO 3.35% FROM 3.45%.

  THE 5-YEAR LPR CUT TO 3.85% FROM 3.95%.

  (SUPPORTIVE FOR METALS)

• July 22, 2024 07:40
  

  Stock market live news: Economic Calendar – 22.07.2024

  TENT India Economic Survey

• July 22, 2024 07:39
  

  Stock Market live news: Researchbytes Events Update As of 08:43 AM Friday 19 July 2024

  Can set alert for them at www.researchbytes.com 

  8:00 AM Persistent

  (Press Release )

  Dial: +91 22 48 798 004

  9:00 AM Sterling and Wilson Renewable Energy

  10:30 AM Dalmia Bharat

  (Results, Press Release )

  Dial: +91 22 6280 1536 

  11:00 AM Shoppers Stop

  Dial: +91 22 6280 1122

  11:00 AM Rallis

  Dial: +91 22 6280 1141 

  11:30 AM Sagar Cement

  12:00 PM Polycab India

  Dial: +91 22 6280 1443

  2:30 PM Tata Comm

  4:00 PM PAYTM

  4:00 PM D.P. Abhushan

  Dial: +91 22 6280 1107

  4:00 PM Ceat

  Dial: +91 22 6280 1149

  4:00 PM Fedbank

  Dial: +91 22 6280 1224

  4:00 PM UltraTechCement

  Dial: +91 22 6280 1286

  4:30 PM South IndBk

  Dial: +91 22 6280 1144

  4:30 PM Tanla Platforms

  Dial: +91 22 6280 1137

  5:00 PM CIE Automotive India

  5:30 PM ICICIGI

  Dial: +91 22 6280 1341

  ( Hosted by Adfactors )

  5:30 PM Aether Industries

  Dial: +91 22 6280 1458

  6:00 PM Onward Tech

  Dial: +91 22 6280 1107

  Weblink:

  6:00 PM CreditAccess Gr

  Dial: +91 22 6280 1149

  6:00 PM JSW Steel

  Dial: +91 22 6280 1481 

  6:30 PM Nippon

  Dial: +91 22 6280 1222 

  7:00 PM Tejas Networks

  7:00 PM JSW Energy

  Dial: +91 22 6280 1149 

  7:00 PM Wipro

  Dial: +91 22 6280 1120

  7:00 PM Indian Hotels

  Dial: +91 22 6280 1405

  Infosys : (replay)

  Tata Technologi : (replay)

  JSW Infrastructure Ltd : (replay)

  Frog Cellsat : (replay)

  Premier Expl : (replay)

  Havells India : (replay)

  Elecon Eng : (replay)

  Mastek : (replay)

  Newgen Software Technolog : (replay)

  BMW Industries : (replay)

  Results today …

  Recent interviews …

• July 22, 2024 07:33
  

  Stock Market live news: Weekly global news highlights: July 15-19, 2024

  1)The International Monetary Fund, on July 16, predicted the global economy to register 3.2 percent growth in 2024, unchanged from April. The multilateral institution predicted a stable path to growth, with 2025 expected numbers to be a tad higher at 3.3 percent in 2025.

  2)A report released by the Labor Department on Thursday (18/07/24) showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week’s revised level of 223,000.

  3)US Building Permits increased to a seasonally adjusted annual rate of 1.446 million in June 2024. This is up from a rate of 1.399 million in May 2024.

  4)US exports showed signs of a slight pick-up in June, rising 0.7% year-on-year. This is an improvement compared to the downwardly revised 0.5% increase in May. Meanwhile, imports continued to grow at a faster pace. In June, they climbed 1.6% year-on-year, up from a revised 1.4% increase in May.

  5)US Retail Sales grew at a slower pace in June compared to May. Year-on-year sales increased by 2.3% in June, following an upwardly revised gain of 2.6% in May.

  6)The European Central Bank (ECB) opted to hold steady on interest rates in July. This means that the main refinancing operation rate remains at 4.25%, the deposit facility rate stays at 3.75%, and the marginal lending rate holds at 4.5%.

  7)Eurozone inflation dipped slightly in June, falling to 2.5% from 2.6% in May. Core inflation, however, held steady at 2.9%.

  8)The Eurozone trade surplus narrowed in May, dropping to GBP 13.98 billion compared to GBP 15.8 billion in April. This indicates a decrease in the value of exported goods exceeding imported goods.

  9)The UK’s unemployment rate held at 4.4% from March to May 2024, unchanged from the previous period and the highest since September 2021. The number of unemployed rose by 88,000 to 1.53 million, with increases in short-term and long-term unemployment.

  10)UK inflation held steady at 2% in June, mirroring the rate from May. Core inflation, which excludes more volatile items, also remained unchanged at 3.5% for the month.

  11)Average earnings in the UK came in line with expectations for June. There were no major surprises on the wage growth front. The number of people claiming unemployment benefits (Claimant Count) in June fell to 32,300, down from a revised 51,900 in May. This is a positive sign for the UK labor market, although the decrease was smaller than the predicted drop of 23,400.

  12)Retail Price Index in the United Kingdom edged down to 2.9% year-on-year in June 2024 from 3% in the previous month, marking the lowest reading since April 2021. On a monthly basis, the RPI slowed to 0.2% in June from 0.4% in the prior month.

  13)The annual growth rate of UK producer prices moderated in June. Prices rose 1.4% compared to a year ago, down from a 1.7% increase in May. Similarly, core producer prices, which exclude volatile items, also saw a slowdown, edging up by 1.1% in June compared to 1.0% in May.

  14)Japan’s overall inflation rate stayed put at 2.8% in June, marking the second month in a row at this level. Meanwhile, core inflation, which excludes volatile fresh food prices, edged up slightly to 2.6% in June compared to 2.5% the prior month.

  15)Japan recorded a trade surplus of JPY 224.04 billion in June 2024, up from JPY 36.52 billion a year earlier. Exports rose by 5.4% year-on-year, marking the seventh consecutive month of growth, driven by strong sales to the US and China. Imports grew by 3.2%, the slowest pace in three months, reflecting the impact of a weak yen. Despite the surplus, Japan posted a trade deficit of JPY 3.23 trillion for the first half of 2024.

  16)Canada’s Consumer Price Index (CPI) rose 2.7 percent on a year-over-year basis in June, down from a 2.9 percent gain in May, Statistics Canada said. Core CPI came at 1.9 percent from 1.8 percent previously.

  17)China’s economy expanded 4.7% in the second quarter from a year earlier, official data showed on Monday (15/07/24), missing analysts’ expectations, even as policymakers seek to boost domestic demand amid a protracted property.

• July 22, 2024 07:32
  

  Stock Market live news: Weekly News Highlights: July 15-19, 2024

  1)India’s foreign exchange reserves, opens new tab rose for a second straight week and hit a record high of $666.85 billion as of July 12, data from the central bank showed on Friday (19/07/24). The reserves rose by $9.7 billion in the reporting week, the biggest jump in four months.

  2)India’s wholesale inflation, measured using the Wholesale Price Index, surged to a 16-month high of 3.36 per cent on an annual basis in June as against a 15-month high of 2.61 per cent last month, government data showed.

  3)The inflation rate for primary articles stood at 8.80 per cent as against 7.20 per cent in May. The fuel and power inflation witnessed moderated to 1.03 per cent from 1.35 per cent in the previous month. Manufactured products’ inflation rate rose to 1.43 per cent in June from 0.78 per cent in May.

  4)The rate of inflation in the food articles index stood at 8.68 per cent as against 7.40 per cent in May. Wholesale vegetable prices increased 38.76 per cent in June 2024, from a contraction of 22 per cent in the same month a year ago. Pulses’ prices increased 21.64 per cent, higher than the 9.21 per cent figure seen a year ago.

  5)Investment by foreign portfolio investors (FPIs) in fully accessible route (FAR) bonds has crossed the $1 billion (Rs 8,740 crore) mark in just 19 days after government securities were included in the JPMorgan global bond index on June 28.

  6)India’s June trade deficit widened to $20.98 billion from $19.19 billion last year, narrowing from May’s $23.78 billion. Exports rose 2.6% year-on-year to $35.2 billion, imports increased 5% to $56.18 billion. March saw a current account surplus of $5.7 billion, first in 10 quarters.

  7)The International Monetary Fund (IMF) on Tuesday (16/07/24) raised its projection of growth in India’s gross domestic product (GDP) for 2024-25 by 20 basis points to 7 per cent amid a boost in private consumption, especially in rural areas.

  8)The Asian Development Bank on Wednesday maintained India’s GDP growth forecast at 7% for the current fiscal, citing that a rebound in agriculture is expected given above-normal monsoon projections.

  9)Markets regulator Sebi on Tuesday (16/07/24) proposed introducing a new asset class designed for high risk-risk profile investors that can bridge the gap between mutual funds and portfolio management services (PMS). In its consultation paper, the regulator suggested a minimum investment of Rs 10 lakh for the new asset class, which could be permitted to invest in derivatives for purposes beyond just hedging and rebalancing. The new asset class will provide a regulated product featuring greater flexibility, higher risk-taking capability, and a higher ticket size, to meet the needs of the emerging category of investors, Sebi said in a consultation paper.

  10)The government on Monday (15/07/24) hiked windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at ‘nil’.

  11)India’s outward FDI rises to US$ 2.14 billion in June, shows RBI data. In June 2024, India’s outward foreign direct investment (FDI) commitments increased to US$ 2.14 billion from US$ 1.14 billion in June 2023. However, they declined from US$ 2.22 billion in May 2024, as per Reserve Bank of India (RBI) data.

  12)The equity AUM is now almost half of the total AUM of the industry at Rs 61.2 trillion at the end of June. Last month, new inflows into equity mutual funds surged 17 per cent sequentially to a record high of Rs 40,608 crore, supported by a Rs 14,370 crore mop up by 11 new equity fund offerings (NFOs) during the month.

  13)According to the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities this month (till July 12). This came following an inflow of Rs 26,565 crore in equities in June on the back of political stability and a sharp rebound in markets.

  14)FPIs invested Rs 8,484 crore in the debt market during the period under review. This has pushed the debt tally to Rs 77,109 crore this year so far.

  15)RBI in its July bulletin said the financial assets of households rose by Rs 123.2 lakh crore between the quarter-ended December 2019 and the quarter- ended March 2023: around 23% of this increase was due to asset price gains and the rest due to incremental financial savings.

  16)In the last two years, 27 establishments have surrendered their exemption, adding about 30,000 employees and an amount of Rs. 1688.82 crores to the Fund under the Employees’ Provident Fund Organisation (EPFO). Due to improved services, more establishments are surrendering their exemptions granted by EPFO.

  17)The Union Civil Aviation Ministry has announced a uniform 5 per cent Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine parts, effective from July 15th, 2024, according to a press release of Ministry of Civil Aviation.

• July 22, 2024 07:31
  

  Stock Market live news: Weekly Market Update July 15-19, 2024 

  •Fixed Income

  The New 10-Year Benchmark GOI 7.10 2034 traded between 6.95% – 6.99% during this week.

  The Old 10-Year Benchmark GOI 7.18 2033 traded between 7.95% – 7.05% during this week, tracking movement involved around US Treasury Yields, currency and crude oil prices.

  •Auction Highlights

  RBI conducted the Auction for G-sec, SDL, and T-Bill for the aggregated amount of INR 31,000 Crore, INR 6,590 Crore, and INR 20,000 Crore, respectively. 

  G-sec Cutoff:

  7.10% GS 2034: 100.83/6.9788%u0009u0009

  7.46% GS 2073: 104.98/7.0938%

  SDL Cutoff: 

  10 Years: HP 7.35%

  12 Years: HR 7.32%, TS 7.36%

  13 Years: MZ 7.35%

  16 Years: AP 7.33%, TS 7.33%

  19 Years: AP 7.33%

  27 Years: JK 7.35%

  T-Bill Cutoff:

  091 Days: INR 8000 Crore 98.3474/6.7399%

  182 Days: INR 6000 Crore 96.6995/6.8451%

  364 Days: INR 6000 Crore 93.5846/6.8740%u0009

  •Commodities:

  1)Brent Crude Oil: $82.56-$85.81 (Per barrel)

  2)Gold: INR 7,364-INR 7,500 24 Carat (1 Gram)

  3)Silver: INR 94,700-INR 96,000 (1 KG)

  •US Treasury Yield:

  1)US 2 Years Treasury: 4.40%-4.51%

  2)US 5 Years Treasury: 4.06%-4.17%

  3)US 10 Years Treasury: 4.14%-4.25%

  •Corporate Bond Highlights

  AAA 3 Years Bond traded between 7.68%-7.72% this week.

  AAA 5 Years Bond traded between 7.60%-7.65% this week.

  AAA 10 Years Bond traded between 7.50%-7.55% this week.

  •New Issuances:

  HOUSING & URBAN DEVELOPMENT CORPORATION LIMITED (Semi-annual)u0009

  Ratings: AAA/Stable by ICRA & INDIA; Issue Size: 500 + 1500 Crs; Maturity Date: 18/07/2029; Allocated 1850 Crs at 7.26%

  CANARA BANK

  Ratings: AAA/Stable by CRISIL & CARE; Issue Size: 5000 + 5000 Crs; Maturity Date: 19/07/2034. 

  Allocated 10000 Crs at 7.40%

  BANK OF INDIA

  Ratings: AA+ by INDIA & CARE; Issue Size: 2000 + 3000 Crs; Maturity Date: 19/07/2034. 

  Allocated 5000 Crs at 7.54%

  RURAL ELECTRIFICATION CORPORATION LIMITED

  Ratings: AAA/Stable by ICRA & CARE; Issue Size: 500 + 2500 Crs; Maturity Date: 31/08/2027. 

  Allocated 3000 Crs at 7.56%

  Ratings: AAA/Stable by ICRA & CARE; Issue Size: 500 + 2500 Crs; Maturity Date: 31/08/2035. 

  Allocated 3000 Crs at 7.45%

  RENEW WIND ENERGY JAMB PRIVATE LIMITED

  Ratings: A+/CE by CARE; Issue Size: 500 + 0 Crs; Maturity Date: 22/08/2025. 

  Allocated 500 Crs at 10.18%

  HDFC CREDILA FINANCIAL SERVICES LIMITED

  Ratings: AA+/Stable by & CRISIL & CARE; Issue Size: 200 + 0 Crs; Maturity Date: 22/07/2027.

  Allocated 200 Crs at 9.23%

  KOHIMA-MARIANI TRANSMISSION LIMITED

  Ratings: AAA/Stable by INDIA; Issue Size: 275 + 0 Crs; Maturity Date: 30/06/2027.

  Allocated 275 Crs at 8.00%

• July 22, 2024 07:18
  

  Stock market live news: F&O Tracker: Volatility can shoot up, increasing the risk

  Nifty 50 (24,531) and Bank Nifty (52,266) ended last week on a muted note ahead of the announcement of the Union Budget on July 23.

  The derivatives data shows that the FIIs (foreign institutional investors) have largely positioned themselves for sharp price-swings on either side. While they have marginally increased net long on index futures, they have added significant amount of net long on index call options. 

• July 22, 2024 07:17
  

  Stock Market live news: F&O Strategy: Nifty Midcap Select: Long strangle

  The short-term outlook turned negative for Nifty Midcap Select (12,194.10) index. It finds an immediate support at 12,050 and the next one at 11,760. The short-term outlook will turn positive only on a close above 12,400. We expect the index to move in a broader range with negative bias. With the Union Budget being slated for July 23, we expect the index to turn volatile.

• July 22, 2024 07:16
  

  Stock Market Live news: F&O Query: Should you buy JSW Steel futures?

  The stock depreciated 4.8 per cent last week. Although there is a support at ₹886, given the current momentum, JSW Steel’s share price can extend the decline further. Consequently, the JSW Steel July futures can fall from its current market price. It closed at ₹890.5 on Friday.

• July 22, 2024 07:15
  

  Stock Market Live news: Technical Outlook: What is the outlook for HDFC Bank, Gujarat Ambuja Exports Ltd (GAEL) and Indian Overseas Bank (IOB)?

  We zoom in on the prospects of HDFC Bank, as also the prospects of two other stocks — Gujarat Ambuja Exports Ltd (GAEL) and Indian Overseas Bank (IOB)

• July 22, 2024 07:13
  

  Stock Recommendations: Divis Labs: What should investors do?

  The stock of Divi’s Laboratories has been on a good recovery following the correction that played out after the stock peaked in October 2021. This is on the back of expectations that it will regain its revenue momentum and is exploring next growth avenues, possibly aided by a structural shift as well. The valuation though, has zoomed to a one year forward PE of 55 times, which stresses on the positives and ignores a few headwinds. 

• July 22, 2024 07:11
  

  Stock market live news: Movers & Shakers: Stocks that will see action this week

  Here is what the charts say about the shares of Gland Pharma, Tata Teleservices (Maharashtra) and Timken India

• July 22, 2024 07:10
  

  Stock market live news: Majority of long-only funds beat Nifty in June

  The majority of long-only alternative investment funds (AIFs) outperformed the Nifty in the month of June. The former gave average category returns of 7.2 per cent compared with 6.6 per cent given by the benchmark, data from PMS Bazaar for Category-III AIFs showed. 

  A9 Finsight’s Finavenue Growth Fund was the top performer with returns of 17.5 per cent. Motilal Oswal Asset Management’s Growth Anchors Fund and Alchemy Capital Management’s Leaders of Tomorrow were the other top performers with returns of 12.6 per cent and 12.1 per cent, respectively. 

• July 22, 2024 07:08
  

  Stock market live today: Index Outlook: Be cautious for a possible correction

  Sensex and Nifty 50 continued to move up last week in line with our expectation. The indices made a new high and then fell sharply giving back some of the gains. The indices had closed the week marginally higher by about 0.1 per cent each. The Nifty Bank index, on the other hand, remained stuck in a narrow range all through last week. 

• July 22, 2024 07:08
  

  Stock market live today: July Budget Days: Will indices break the trend this time and end in green?

  Benchmark indices have surged to new highs ahead of the upcoming Union Budget. Will the Budget keep the market momentum going?

  A study of four Budgets tabled in July after the formation of a new government shows that benchmark indices, the Sensex and the Nifty 50, have fallen on Budget Day. However, post that, the rest of the year has always been good, with the benchmarks making a strong rally.

• July 22, 2024 06:58
  

  Stock Market Live news: Market cap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle

  The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.

  Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday.

  Stock markets were closed on Wednesday on account of Muharram.

  From the top-10 group, the valuation of TCS zoomed Rs 42,639.16 crore to Rs 15,56,772.61 crore.

  The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) surged Rs 36,748.23 crore to Rs 7,01,695.24 crore.

  Infosys added Rs 33,569.16 crore, taking its valuation to Rs 7,44,396.43 crore, while State Bank of India’s mcap climbed Rs 26,372.23 crore to Rs 7,93,576.49 crore.

  Hindustan Unilever’s mcap soared Rs 24,494.49 crore to Rs 6,40,651.30 crore, and that of ITC jumped Rs 19,420.52 crore to Rs 5,92,679.30 crore. – PTI

• July 22, 2024 06:57
  

  Stock market live news: Index Outlook: Be cautious for a possible correction

  Sensex and Nifty 50 continued to move up last week in line with our expectation. The indices made a new high and then fell sharply giving back some of the gains. The indices had closed the week marginally higher by about 0.1 per cent each. The Nifty Bank index, on the other hand, remained stuck in a narrow range all through last week.

• July 22, 2024 06:56
  

  Stock Market Live News: TCS, Infosys, Wipro, HCLTech: IT stocks rally can get derailed by simple math

  There is no doubt the top-tier Indian IT companies are not just the best managed companies in India, but amongst the best globally. Their past track record over the last two decades exemplifies this. So does their size and scale. With the exception of Accenture, it is the Indian companies that dominate the global IT services space. But does that provide a sufficient case for paying any price for their stocks when growth is disappointing?

• July 22, 2024 06:49
  

  Stock Market Live Today: FPIs continue equity buying spree, inject ₹30,771 crore in July

  Ahead of BUnion budget on July 23, Foreign Portfolio Investors (FPIs) continued to be on an equity buying binge this past week, pumping nearly ₹ 11,000 crore in just four trading sessions. Total FPI net investments this month through July 19 stood at ₹30,771 crore, depositories data showed.

  Reflecting the increased FPI appetite for Indian equities, the latest July flows is in fact higher than the entire June’s net flows of ₹26,565 crore. 

• July 22, 2024 06:48
  

  Stock Market Live Today: Nifty and Bank Nifty prediction for the week July 22-26, 2024

  Last week we said that #Nifty can rise to 24,800-24,850 and then can come down. In line with our expectation, #Nifty touched a #high of 24,855 and then fell sharply on Friday. The outcome of the #UnionBudget on Tuesday is going to be very important. That could be very important in deciding whether the #Nifty can sustain higher and go up again or can run into a sharp #correction. As such the price action in #Nifty this week is going to be very crucial as that would set the tone for the coming weeks.

• July 22, 2024 06:46
  

  Stock Market Live News: Today’s Stock Recommendations: July 22, 2024

  Here’s an interesting stock idea: The stock that we have today is Welspun Corp. It has been moving in a sideways trend since the beginning of this year. But recently, it broke out of the range, opening the door for further rally. Here’s how you can plan the trade. Check out the latest episode of Today’s Pick to learn more