Vodafone Idea
CITI Yesterday, Gave a bull case target of Rs 25 on Vodafone Idea
And Citigroup global markets sold 19 cr( 0.29%) shares at 12.27 per share
🤔
#VodafoneIdea
TATA MOTORS
Tata Motors To Purchase 50% Shareholding Of Jaye
m Automotives In JTSV
JT Special Vehicles To Become Wholly-owned Subsidiary Of Tata Motors
Tata Motors To Discontinue Developing High-performance Passenger cars
@CNBC_Awaaz
Angel One Ltd (conso) Q3 YoY ~Good Performance
Revenue 718.4 CR VS 597.3 CR, UP 20.3%
EBITDA 294.08 CR VS 237.99 CR, UP 23.6%
Margin 40.9% VS 39.8%
PAT 228 CR VS 164.5 CR, UP 38.6%
Interim Dividend Rs 9.60/SH
#Q3results
Goldman Sachs on IT
TCS
Buy, Target raised to 4450 from 4350
Infosys
Buy, Target raised to 1680 from 1650
HCL Tech
Neutral, Target raised to 1420 from 1370
Wipro
Sell, Target raised to 440 from 430
Tech Mahindra
Sell, Target raised to 1160 from 1020
Nomura on IT
TCS
Upgrade to Neutral from Underperform, Target raised to 3800 from 3250
Infosys
Double Upgrade to Buy from Neutral, target raised to 1800 from 1400
HCL Tech
Double Upgrade to Buy from Neutral, target raised to 1700 from 1400
SCI in Focus
Reports
Shipping Corporation of India Land and Assets Ltd Listing on 19th March
Will be listed under T2T Category
Total 46.58 cr shares will be listed
#SCI
#SCILAL
#listing
REC Says
Identified 10 to 11 cities for Financing 50000 e busses
Along with REC Ltd also watch Olectra Greentech and JBM Auto
#recltd
#ElectricVehicles
Goldman Sachs on Bank
SBI
Buy, Target cut to 699 from 710
HDFC Bank
Buy, Target cut to 2002 from 2042
Axis
Buy, Target cut to 1154 from 1178
Kotak
Buy, Target cut to 2245 from 2305
ICICI
Buy, Target cut to 1124 from 1155
IDFC First Bank
Sell, Target cut to 65 from 68
Canara Bank in Focus
After initiating process for Canara Robeco AMC IPO now the bank has initiated process for Canara HSBC life insurance IPO
To Dilute 14.5% stake in Insurance JV
Shareholding of Canara HSBC Life
Canara Bank 51%
HSBC 26%
PNB 23%
Result Review
Dr Reddy’s – Better than estimates
ICICI Bank ~ Good Results
Indusind Bank ~ Below estimate
POWER GRID ~ Weak
NTPC ~ Good
City Union Bank ~ Weak
Bandhan Bank ~ Good
SBI Cards ~ Weak
Interglobe ~ Mix
IDFC First Bank ~ Weak
REC ~ Weak
PNB ~ Outstanding
MCX ~ Weak
ICICI Bank ~ Good Results
Q3FY22, YoY
NII Up 34.5% to Rs 16465 cr v/s Rs 12236 cr ( Est 15730 cr)
Profit Up 34.2% to Rs 8311.8 cr v/s Rs 6193.8 cr ( Est 8120 cr)
GNPA 3.07% v/s 3.19%, QoQ (Expected to be flat)
NNPA 0.55% v/s 0.61%, QoQ (Expected to be flat)
#ICICIBank
@AnilSinghvi_
Thank You very much Sir......Under Your leadership the journey will definitely be rocking.
Great to once again work under your leadership......There is a lot to learn from you.
HDFC bank in Focus
Finally HDFC bank completes stake sale in HDFC Credila for Rs 9553 cr
Expect this amount to be included in this quarter's results
#HDFCBank
Jefferies on Steel companies
Tata Steel
Upgrade from Hold to Buy, Target raised to 150 from 95
Hindalco Industries
Upgrade from Hold to Buy, Target raised to 600 from 390
JSW Steel
Underperform, Target raised to 470 from 385
Coal India
Hold, Target raised to 220 from 175
Indian
#Pharma
Industry records a growth of 8.8% for the month of Dec’19 v/s 9.3% YoY ~ slipping from the 32 month high of 14.5% recorded previous month
The growth has been driven by the price growth of 5.3% ,followed by new products at 2.7%, volume growth of 0.7%
@CNBC_Awaaz
MSCI Index Changes
Stocks Added In MSCI Global Standard Index - Zydus Life, Prestige, Dixon Tech, Oracle Financial, Vodafone Idea, Oil India, RVNL
Stocks Deleted From MSCI Global Standard Index - Bandhan Bank
27 stocks added and 6 deleted from MSCI Smallcap Index
Accident of the day
MTAR Tech ~ Down 11% After Poor Results
Revenue 143 cr Vs 196 cr DOWN 27%
EBITDA 18 cr Vs 49 cr DOWN 62%
Margin 12.8% VS 24.8%
PAT 5 cr Vs 31 cr DOWN 84%
ITC
TOBACCO MANUFACTURERS INDIA Sold 43.69 cr shares
More than 60 investors ( Including funds, insurance companies, banks and others) bought the share under different schemes
Below is the list
Only highlighting funds who brought more than 1 cr shares
#ITC
#itcblockdeal
Indusind Bank ~ Good Results
Q1FY24, YoY, Standalone
NII Up 18% to Rs 4867.1 cr v/s Rs 4820 cr ( Est 4820 cr)
Profit Up 32.5% to Rs 2123.6 cr v/s Rs 1603.3 cr ( Est 2150 cr)
PPOP at Rs 3831 cr, Up 12% YoY
ROA 1.9%, Up 17 bps
ROE 15.24%, Up 180 bps
#IndusIndBank
TCS In Focus
Central Bank in US Selects TCS BaNCS to Modernize its Core Technology ~ Good news for the stock
But No big name in today's TCS block deal.........Who are the buyers🤔
#TCS
MOSL on Gravita India
Initiate Buy with TP of Rs 2350
Investec on Max Estates
Initiate Buy with TP of Rs 700
JPMorgan on Samvardhana Motherson
Maintain Overweight; Hike TP to Rs 195 from Rs 165
Investec on Nykaa
Maintain Buy; Hike TP to Rs 205 from Rs 203
Macquarie on Auto
TVS Motor – Maintain Outperform; Hike TP to Rs 3051 vs Rs 2783
Hero Moto – Maintain Outperform; Hike TP to Rs 5967 vs Rs 5877
Bajaj Auto – Maintain Neutral; Hike TP to Rs 10248 vs Rs 9655
Eicher Motors – Maintain Neutral; Hike TP to Rs 4573 vs Rs 4343
Brokerage View After Election Results
Morgan Stanley
After Election Results ~ Medium to long-term views do not change.
Bernstein
Nifty target unchanged at 23,500
#election_2024
CLSA On Real Estate
DLF
Downgrade to Sell from Outperform, Target raised to 745 from 635
Sobha
Downgrade to Sell from Buy, Target raised to 1315 from 918
Prestige Estates
Downgrade to Outperform from Buy, Target raised to 1440 from 1005
Budget proposal on LTCG Indexation for Real Estate revised
Government proposes amendment in finance bill
Tax payer to get two options
For properties acquired on or before 23rd July, taxpayers can choose new (12.5%) or old method (20% with indexation). Whichever is lower
Zomato
Don't understand why Macquarie is so bearish on Zomato
Macquarie with underperform call, has target of Rs 96
Whereas other brokerage houses have a target of more than 200
#Zomato
Indusind Bank
Q3FY24, YoY
Good Results
NII Up 17.8% to Rs 5295.6 cr
Profit Up 17.3% to Rs 2297.9 cr
Provisions Down 12.2% to Rs 934.2 cr
QoQ Data
Fresh Slippages Up 20.5% to Rs 1765 cr
GNPA 1.92% v/s 1.93%
NNPA flat @ 0.57%
NIM 4.29% v/s 4.29%
CASA 38% v/s 39%, QoQ
LDR is 89%
Indian Companies supplying parts to Chandrayaan 3
L&T ~ Supplied Components like middle segment, nozzle bucket flange and flight umbilical plates
Mishra Dhatu ~ Supplies around 70 to 80% of critical parts to Chandrayaan
#Chandrayaan3
MSCI Changes Effective close of 30th August ( today)
Keep an eye on the below stocks movement during second half of today's trading session
The net passive FII inflow is expected to be upwards of USD 4-4.5 billion.
Nuvama Note
UBS on Cables and Wires
KEI Industries – Initiate Buy with TP of Rs 6150
Polycab – Initiate Buy with TP of Rs 8550
Best play on electrification
See 16%/24% earnings CAGR over FY24-27 for Polycab/KEI
Goldman Sachs on Banks
HDFC Bank
Maintain Buy, Target cut to 1915 from 2002
ICICI Bank
Double Downgrade to Neutral from Buy, Target cut to 1086 from 1179
SBI
Double Downgrade to Neutral from Buy, Target raised to 741 from 677
JPMorgan on IT
Persistent Systems
Maintain Overweight; Hike TP to Rs 5300 from Rs 4750
L&T Tech
Maintain Overweight; Cut TP to Rs 5500 from Rs 5800
Cyient
Maintain Overweight; Cut TP to Rs 2100 from Rs 2400
KPIT Tech
Maintain Neutral; Hike TP to Rs 1700 from Rs 1500