India Daybook – Stocks in News
Aster DM: Company in-pact with Abdulmohsin Alhokair for pharma chain in Saudi Arabia (Positive)
SJVN: SJVN Green Energy signs pact for 1000 MW #floating solar projects in Assam (Positive)
Adani Gas/Gujarat Gas: Gujarat govt cuts VAT on CNG, PNG price by 10% (Positive)
Maha Seamless: Net profit up 94.3% at Rs 176.6 cr Vs Rs 90.9 cr, Revenue at Rs 1,411 cr Vs Rs 951 cr YoY (Positive)
Lloyds Metal: Along with Results Board To Consider NSE Listing. (Positive)
KSB: Company gets approval for bid submitted under e-Auction for sale of technology (Positive)
Adani Transmission saw a 13% jump in the number of electricity units sold during the quarter ended September (Positive)
CONCOR: July-September total cargo volumes up 17% (YoY) at 1.14 m TEUs (Positive)
Electronics Mart India: Nippon India Mutual Fund bought 24 lakh equity shares in the company via open market transactions at an average price of Rs 89.42 per share (Positive)
Star Housing Finance: The board approved the sub-division of one share into two fully paid-up shares and the issue of one bonus equity share for every fully paid-up equity share. (Positive)
NTPC: Company has inked a pact with Mitsubishi Heavy Industries and its arm Mitsubishi Power India to demonstrate the feasibility for hydrogen (Positive)
Oberoi Realty: The company maintained confidence on strong residential sentiments (Positive)
Tata Coffee: Net profit up at Rs 142.4 cr Vs Rs 34 cr, Revenue up 30.9% at Rs 718 cr Vs Rs 549 cr YoY (Neutral)
PEL: Piramal Pharma to get listed on the exchanges on Wednesday Oct 19th (Neutral)
Samvardhana Motherson: CNBC sources say Sojitz Corp will sell 1.9% in company, floor price at Rs 64.36/Sh (Neutral)
ZEEL: CNBC sources say OFI Global Fund to sell shares up to Rs 1,396 cr of Zee Ent via block deal at Rs 250/Sh to Rs 263.7/Sh (Neutral)
NDTV: SEBI has sought additional clarifications from the merchant banker on Adani Group’s open offer for NDTV (Neutral)
JMC Projects: The company has raised Rs 75 crore via NCDs as it has allotted 750 non-convertible debentures of the face value of Rs 10 lakh (Neutral)
ONGC: Company is mulling to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east (Neutral)
RPG Life: Net profit up 26.8% at Rs 20 cr Vs Rs 15.8 cr (YoY) Revenue up 19.7% at Rs 134.8 cr Vs Rs 112.7 cr (YoY) (Neutral)
Spandana: Net interest margin at 13% vs 13.6% YoY & vs 9.9% QoQ. Net profit at Rs 49.5 cr vs loss of Rs 58.7 cr YoY (Neutral)
Shriram Transport: Company denies reports of interest in acquiring IDBI Bank (Neutral)
IRB Infra: To transfer Vadodara road project to InvIT arm (Neutral)
Shriram Transport Finance: Tender offer to #buyback senior notes worth $500 m (Neutral)
Can Fin Home: Net profit at Rs 141.7 cr vs poll of Rs 143.1 cr, NII at Rs 251 cr Vs Poll of Rs 234.8 cr (Neutral)
Tata Metaliks: Net profit down 73.9% at Rs 14.3 cr Vs Rs 54.8 cr, Revenue up 36% at Rs 877 cr Vs Rs 644.8 cr (YoY)) (Negative
Aster DM: Company in-pact with Abdulmohsin Alhokair for pharma chain in Saudi Arabia (Positive)
SJVN: SJVN Green Energy signs pact for 1000 MW #floating solar projects in Assam (Positive)
Adani Gas/Gujarat Gas: Gujarat govt cuts VAT on CNG, PNG price by 10% (Positive)
Maha Seamless: Net profit up 94.3% at Rs 176.6 cr Vs Rs 90.9 cr, Revenue at Rs 1,411 cr Vs Rs 951 cr YoY (Positive)
Lloyds Metal: Along with Results Board To Consider NSE Listing. (Positive)
KSB: Company gets approval for bid submitted under e-Auction for sale of technology (Positive)
Adani Transmission saw a 13% jump in the number of electricity units sold during the quarter ended September (Positive)
CONCOR: July-September total cargo volumes up 17% (YoY) at 1.14 m TEUs (Positive)
Electronics Mart India: Nippon India Mutual Fund bought 24 lakh equity shares in the company via open market transactions at an average price of Rs 89.42 per share (Positive)
Star Housing Finance: The board approved the sub-division of one share into two fully paid-up shares and the issue of one bonus equity share for every fully paid-up equity share. (Positive)
NTPC: Company has inked a pact with Mitsubishi Heavy Industries and its arm Mitsubishi Power India to demonstrate the feasibility for hydrogen (Positive)
Oberoi Realty: The company maintained confidence on strong residential sentiments (Positive)
Tata Coffee: Net profit up at Rs 142.4 cr Vs Rs 34 cr, Revenue up 30.9% at Rs 718 cr Vs Rs 549 cr YoY (Neutral)
PEL: Piramal Pharma to get listed on the exchanges on Wednesday Oct 19th (Neutral)
Samvardhana Motherson: CNBC sources say Sojitz Corp will sell 1.9% in company, floor price at Rs 64.36/Sh (Neutral)
ZEEL: CNBC sources say OFI Global Fund to sell shares up to Rs 1,396 cr of Zee Ent via block deal at Rs 250/Sh to Rs 263.7/Sh (Neutral)
NDTV: SEBI has sought additional clarifications from the merchant banker on Adani Group’s open offer for NDTV (Neutral)
JMC Projects: The company has raised Rs 75 crore via NCDs as it has allotted 750 non-convertible debentures of the face value of Rs 10 lakh (Neutral)
ONGC: Company is mulling to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east (Neutral)
RPG Life: Net profit up 26.8% at Rs 20 cr Vs Rs 15.8 cr (YoY) Revenue up 19.7% at Rs 134.8 cr Vs Rs 112.7 cr (YoY) (Neutral)
Spandana: Net interest margin at 13% vs 13.6% YoY & vs 9.9% QoQ. Net profit at Rs 49.5 cr vs loss of Rs 58.7 cr YoY (Neutral)
Shriram Transport: Company denies reports of interest in acquiring IDBI Bank (Neutral)
IRB Infra: To transfer Vadodara road project to InvIT arm (Neutral)
Shriram Transport Finance: Tender offer to #buyback senior notes worth $500 m (Neutral)
Can Fin Home: Net profit at Rs 141.7 cr vs poll of Rs 143.1 cr, NII at Rs 251 cr Vs Poll of Rs 234.8 cr (Neutral)
Tata Metaliks: Net profit down 73.9% at Rs 14.3 cr Vs Rs 54.8 cr, Revenue up 36% at Rs 877 cr Vs Rs 644.8 cr (YoY)) (Negative
Conviction Delivery Idea
BUY INDUSINDBK
CMP 1181
SL 1145
TGT 1255
Estimated Profit 6%
BUY INDUSINDBK
CMP 1181
SL 1145
TGT 1255
Estimated Profit 6%
Nifty strong major support 18280 and while 18800 will act as resistance on the upside.
Bank Nifty support 42570,while 43800 will act as resistance on upside
Bank Nifty support 42570,while 43800 will act as resistance on upside