Stocks in News

India Daybook – Stocks in News

*Indigo:* Revenue at Rs 16,683 crore versus poll of Rs 16,025 crore, Net profit at Rs 3090 crore versus poll of Rs 2201 crore (Positive)

*Fusion Micro:* Net profit at Rs 120.0 cr vs Rs 75.0 cr, NII at Rs 294.0 cr vs Rs 184.0 cr (YoY) (Positive)

*IOB:* Net profit at Rs 500.0 cr vs Rs 392.0 cr, NII at Rs 2322.0 cr vs Rs 1754.0 cr (YoY) (Positive)

*Hind Petro:* Net profit of ₹6,203.9 cr vs poll of ₹5,697 cr, Revenue of ₹1.12 lk cr vs poll of ₹1.02 lk cr (Positive)

*NH:* Net profit at Rs 184.0 cr vs Rs 111.0 cr, Revenue at Rs 1233.0 cr vs Rs 1033.0 cr (YoY) (Positive)

*Prataap:* Net profit at Rs 13.0 cr vs loss Rs 10.0 cr, Revenue at Rs 388.0 cr vs Rs 383.0 cr (YoY) (Positive)

*Kewal Kiran:* Net profit at Rs 34 cr vs Rs 22.0 cr, Revenue at Rs 178.0 cr vs Rs 155.0 cr (YoY) (Positive)

*Pricol:* Net profit at Rs 32 cr vs Rs 21.0 cr, Revenue at Rs 522.0 cr vs Rs 434.0 cr (YoY) (Positive)

*Carborundum:* Net profit at Rs 113.0 cr vs Rs 78.0 cr, Revenue at Rs 1203.0 cr vs Rs 1140.0 cr (YoY) (Positive)

*Amruntanjan:* Net profit at Rs 7 cr vs Rs 4.0 cr, Revenue at Rs 78.0 cr vs Rs 71.0 cr (YoY) (Positive)

*AIA Eng:* Net profit at Rs 272 cr vs Rs 190 cr, Revenue at Rs 1240.0 cr vs Rs 1080.0 cr (YoY) (Positive)

*Mankind:* EBITDA at Rs 655.0 cr vs Rs 465.0cr, Revenue at Rs 2579.0 cr vs Rs 2180.0 cr (YoY) (Positive)

*JSW Steel:* Company ties up with Japan's JFE Steel to produce CRGO-grade steel. (Positive)

*Unichem:* Ipca Laboratories has bought 2.35 crore equity shares in Unichem at an average price of Rs 402.25 per share (Positive) 

*Campus:* ICICI Prudential Life Insurance Company has bought 25 lakh equity shares (Positive)

*Lupin:* Company gets USFDA nod to market generic skin treatment medication (Positive)

 

*Metropolis:* Net profit at Rs 29.0 cr vs Rs 32.5 cr, Revenue at Rs 277.0 cr vs 292.0 cr (YoY) (Neutral)

*Titan:* Revenue at Rs 11,145 crore versus poll of Rs 10,300 crore, EBITDA at Rs 1103 crore versus poll of Rs 1280 crore (Neutral)

*Sheela Foam:* Net profit at Rs 43 cr vs Rs 42 cr, Revenue at Rs 645 cr vs Rs 701 cr (YoY) (Neutral)

*Indostar:* Net profit at Rs 31 cr vs Rs 45 cr, NII at Rs 90.0 cr vs Rs 102 cr (YoY) (Neutral)

*SKF:* Net profit at Rs 154 cr vs Rs 129 cr, Revenues at Rs 1150.0 cr vs Rs 1055.0 cr (YoY) (Neutral)

*Dr Reddy’s:* Mukesh Rathi resigns from the position of Chief Information Officer (Neutral)

*L&T FH:* Bain Capital offers 7.9 crore L&T Finance shares in block trade (Neutral)

*Eicher:* Royal Enfield total sales at 73,117 units vs estimates of 74,000 units (Neutral)

*RITES:* Appoints Krishna Gopal Agarwal as Chief Financial Officer w.e.f August 1, 2023 (Neutral)

*Campus:* Block deal for 80 lac shares likely in counter. Deal price band at Rs 295-300 per share as per media sources (Neutral)

*Vardhman Steel:* Net profit down 38.6% at ₹18.6 cr vs ₹30 cr, Revenue down 12.7% at ₹409.4 cr vs ₹469.2 cr (YoY) (Negative)

*VIP Ind:* Net Profit down 16.4% at ₹57.8 cr vs ₹69.1 cr, Revenue up 7.7% at ₹636.1 cr vs ₹590.6 cr (YoY) (Negative)

*GUJGAS:* Profit at Rs 215 crore versus poll of Rs 348 crore, Revenue at Rs 3781 crore versus poll of Rs 4019 crore (Negative)

*Bliss Pharma:* Net profit down 48% at Rs 14.4 cr vs Rs 27.5 cr, Revenue up 16% at Rs 159.5 cr vs Rs 188.7 cr (YoY) (Negative)

*Indostar:* Net profit at Rs 31 cr vs Rs 45 cr, NII at Rs 90.0 cr vs Rs 102 cr (YoY) (Negative)

*Dhanuka:* Net profit at Rs 32 cr vs Rs 49 cr, Revenue at Rs 369.0 cr vs Rs 393 cr (YoY) (Negative)

*Vedanta:* Twinstar expected to sell 16 crore shares of the company via block deals (Negative)

India Daybook – Stocks in News

India Daybook – Stocks in News

*LTI Mindtree* to replace HDFC in Nifty 50 after mega HDFC merger (Positive)

*BHEL:* Company extends its gas turbines tech agreement with General Electric Tech GmbH Switzerland (Positive)

*LIC Housing Fin:* Company to replace HDFC Ltd in Nifty Financial Services Index (Positive)

*Mankind Pharma:* Company has been included to several Nifty indices including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200 (Positive)

*AU Small Fin Bank:* Total deposits up 27% at Rs 69,315 cr Vs Rs 54,631 cr (YoY) (Positive)

*Lemon Tree:* Signs licence pact For A 48-room Property In Udaipur, Rajasthan (Positive)

*Lupin:* Company gets US FDA nod for its ANDA Dolutegravir tabs for oral suspension (Positive)

*Samvardhana Motherson:* SMRP B.V. to acquire 81% stake in Yachiyo’s 4W business. (Positive)

*Indusind Bank:* Q1 net advances up 21% at ₹3.01 lk cr vs ₹3.47 lk cr, deposits rise 15% YoY (Positive)

*Minda Corporation:* Europe-based financial services group Societe Generale has bought 17.28 lakh equity shares (Positive)

*Genus Power:* Company has signed agreements with Gem View Investmentfor setting up a platform for undertaking advanced metering infrastructure service provider concessions. (Positive)

*Som Dist:* The company's board will meet on July 8 to approve issuance of convertible equity warrants to the promoters (Positive)

*Aurobindo Pharma:* Company announced positive result in phase 3 clinical trials for its proposed Trastuzumab (Positive)

*RBL Bank:* Total deposits in Q1FY24 grew by 8 percent year-on-year to Rs 85,638 crore and gross advances increased by 20 percent to Rs 74,792 crore (Positive)

*Bajaj Auto:* Company is teaming up with UK's Triumph Motorcycles to introduce their new range of 400cc motorcycles (Positive)

*Macrotech Developers:* Company achieved its best-ever first quarter pre-sales of Rs 3,350 crore showing a growth of 17 percent (Positive)

*STAR:* Divesting the facility at Bommasandra, Bengaluru on a slump sale basis for a gross value of Rs 702 crore (Positive) 

*Suzlon:* Company to consider fund raising on July 7 by way of one or more or combination of permissible methods (Neutral) 

*TCNS Clothing:* Elevation Capital VI FII Holdings has sold 12.96 lakh equity shares or 2.1 percent stake (Neutral)

*HMA Agro:* Nomura Singapore has sold 4.66 lakh equity shares (Neutral)

*State Bank of India:* Bank has received approval from its Board for acquiring the entire stake held by SBICAPS in SBICAP Ventures (Neutral)

*IOC:* Board would consider raising capital through a rights issue of equity shares (Neutral)

*Macrotech Developers:* Company achieved its best-ever first quarter pre-sales of Rs 3,350 crore showing a growth of 17 percent (Neutral)

*HPCL:* Rajasthan Refinery Limited executes a #loan agreement under a consortium arrangement for Rs 48,625 crore (Neutral)

*Bandhan Bank:* Q1 Loans & Advances down 5.5% QoQ & up 6.7% YoY at Rs 1.03 lakh crore (Negative)