*WIPRO:* Q2 CONS NET PROFIT 29.31B RUPEES VS 24.66B (YOY); EST 28.5B | 32.4B (QOQ) || Q2 REVENUE 196.7B RUPEES VS 151B (YOY); 182.5B (QOQ)
*MINDTREE:* Q2 CONS NET PROFIT 3.99B RUPEES VS 2.54B (YOY); EST 3.4B | 3.43B (QOQ) || Q2 REVENUE 25.86B RUPEES VS 19.26B (YOY); 23B (QOQ)
MINDTREE: INTERIM DIVIDEND 10 RUPEES PER EQUITY SHARE
*MINDTREE:* Q2 CONS NET PROFIT 3.99B RUPEES VS 2.54B (YOY); EST 3.4B | 3.43B (QOQ) || Q2 REVENUE 25.86B RUPEES VS 19.26B (YOY); 23B (QOQ)
MINDTREE: INTERIM DIVIDEND 10 RUPEES PER EQUITY SHARE
Tata Motors' EV Plans Are Atmanirbhar On Batteries, Infrastructure: Company To BQ
Building an electric vehicle ecosystem will be a group effort, said the Tata Motors Ltd.'s management in an interview with BloombergQuint. From batteries to charging infrastructure, the Indian auto major intends to be self-reliant or group-reliant.
"We would not wait for a PPP model, because it can be slow at times," said Shailesh Chandra, president of the passenger vehicles business at Tata Motors, referring to public-private partnerships for infrastructure.
"It is about working with the Tata companies which have the domain expertise in this area, where they are convinced that this is a wave that they would like to ride upon," he said. "The members of the Tata Group are very bullish on this space. We are also open to any enabling support if needed, for example, helping Tata Power Ltd. with identifying the right places to put up chargers."
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
"There is a group-wide commitment, and not just a Tata Motors commitment, and there is ample evidence that the group is working as one Tata," Thadani said. "For Tata Motors, we will make whatever investments we need to make to achieve the vision we have for the company."
Investors and analysts have welcomed Tata Motors' announcement to set up an EV subsidiary with external investment from these marquee investors. The company's shares on Tuesday rose to their highest since Feb. 14, 2017.
Building an electric vehicle ecosystem will be a group effort, said the Tata Motors Ltd.'s management in an interview with BloombergQuint. From batteries to charging infrastructure, the Indian auto major intends to be self-reliant or group-reliant.
"We would not wait for a PPP model, because it can be slow at times," said Shailesh Chandra, president of the passenger vehicles business at Tata Motors, referring to public-private partnerships for infrastructure.
"It is about working with the Tata companies which have the domain expertise in this area, where they are convinced that this is a wave that they would like to ride upon," he said. "The members of the Tata Group are very bullish on this space. We are also open to any enabling support if needed, for example, helping Tata Power Ltd. with identifying the right places to put up chargers."
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
The key investor in the company's newly announced EV subsidiary, TML EVCo, has endorsed that strategy. TPG Rise Climate, along with ADQ, will not only invest a billion dollars for an 11-15% stake in the unit, but will also support group efforts with further funding, said Ankur Thadani, partner at TPG Growth and Rise Fund, in the interview.
"There is a group-wide commitment, and not just a Tata Motors commitment, and there is ample evidence that the group is working as one Tata," Thadani said. "For Tata Motors, we will make whatever investments we need to make to achieve the vision we have for the company."
Investors and analysts have welcomed Tata Motors' announcement to set up an EV subsidiary with external investment from these marquee investors. The company's shares on Tuesday rose to their highest since Feb. 14, 2017.
Today's Day is TATA'S Day:
TATAMOTORS 19%++
TATAPOWER 15%++
TATA STEEL 3%++
TATASTLLP 3%++
NELCO 5%++
RALLIS 6%++
TINPLATE 6%++
TATA COFFEE 6%++
TATA METALIC 3%++
INDIAN HOTEL 5%++
TATA CHEMICALS 17%++
TATA COMMUNICATIONS 5%++
TATA ELXSI 2%++
TATA INVESTMENT 14%++
TITAN 4%++
TATASTEEL BSL 3%++
TATAMOTORS 19%++
TATAPOWER 15%++
TATA STEEL 3%++
TATASTLLP 3%++
NELCO 5%++
RALLIS 6%++
TINPLATE 6%++
TATA COFFEE 6%++
TATA METALIC 3%++
INDIAN HOTEL 5%++
TATA CHEMICALS 17%++
TATA COMMUNICATIONS 5%++
TATA ELXSI 2%++
TATA INVESTMENT 14%++
TITAN 4%++
TATASTEEL BSL 3%++
*Latest after the Bell @ 4PM – Wednesday, October 12th 2021.*
# Nifty (+170, 18162)
# Sensex (+453, 60737)
# Adv-Dec 34 —— 15
# Nifty PCR 1.67
# Nifty MidCap (+1.40%, 8851)
# NiftySmallC (-0.03%, 11525)
# BANK Nifty (+0.30%, 38636)
# Nifty IT (+1.16%, 35274)
# USD/INR (-0.19%, 75.36)
*Dalal Street rides on the bull market momentum.*
*The ‘Big Fat Cats’ are still in charge at Dalal Street* as the benchmarks Nifty, Sensex and Bank Nifty scaled their fresh all-time-high at 18197.80, 60836.63 and 38779.05 mark respectively.
*The positive takeaway was that Dalal Street even took in its stride the anxiety seen swirling around:*
1. Intensifying stagflation fears in the U.S.
2. Spiking oil prices (up more than 61% for 2021)
3. FIIs in sell mode.
4. Weak global cues.
*The key highlights of today’s trade:*
# Nifty gains for 5th straight day; *Tata Motors zooms 21%.*
# Nifty Auto, Metal and Infra indices rose 3.53%, 1.56% and 1.39% respectively.
# Bank Nifty (+0.30%) underperforms Nifty’s gains of 0.94%.
# Nifty Mid-cap advances 1.56% while Small-cap ended flat.
# VIX inches up 1.59% to end at 16.10.
# Top Index Gainers: TATA MOTORS (+21%) M&M (+5%) TATA CONSUMER (+4%).
# Top Index Losers: MARUTI (-3%) ONGC (-2%) HUL (-1.06%).
*OUR VIEW FOR THURSDAY’S TRADE:*
Well, Nifty is really going strong; and today’s up move and spectacular close must have surprised even the most ardent of Nifty bulls. *The gyan mantra is to stay aloft as more fresh record highs on cards.*
*Technically, bulls seem to have unlocked* with all bullish eyes on Nifty’s magical 18500 mark. Trade on the buy side as long as Nifty stays above 17917 mark.
*Amongst stocks, LARSEN, ICICI BANK and JSW STEEL appear to be screaming buys.*
*Long Story short:* *Larsen appears to be a screaming buy with inter-month perspective.*
*ALL ABOUT NIFTY:*
Support: 18047/17911
Resistance: 18257/18507
Range: 18057-18307
21 DMA: 117729
50 DMA: 17163
200 DMA: 15543
Trend: Positive
*BULLISH LOOKING STOCKS:*
# LARSEN
# VEDANTA
# TATA STEEL
*BULLISH LOOKING STOCKS (LONG TERM):*
# ICICI BANK
# ADANI PORTS
# INDUSIND BANK
*BEARISH LOOKING STOCKS:*
# VODAFONE IDEA
# CADILA
# METROPOLIS
*STOCKS TO AVOID:*
# INDIGO
# GLENMARK
# STAR
*Stay Tuned.*
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
# Nifty (+170, 18162)
# Sensex (+453, 60737)
# Adv-Dec 34 —— 15
# Nifty PCR 1.67
# Nifty MidCap (+1.40%, 8851)
# NiftySmallC (-0.03%, 11525)
# BANK Nifty (+0.30%, 38636)
# Nifty IT (+1.16%, 35274)
# USD/INR (-0.19%, 75.36)
*Dalal Street rides on the bull market momentum.*
*The ‘Big Fat Cats’ are still in charge at Dalal Street* as the benchmarks Nifty, Sensex and Bank Nifty scaled their fresh all-time-high at 18197.80, 60836.63 and 38779.05 mark respectively.
*The positive takeaway was that Dalal Street even took in its stride the anxiety seen swirling around:*
1. Intensifying stagflation fears in the U.S.
2. Spiking oil prices (up more than 61% for 2021)
3. FIIs in sell mode.
4. Weak global cues.
*The key highlights of today’s trade:*
# Nifty gains for 5th straight day; *Tata Motors zooms 21%.*
# Nifty Auto, Metal and Infra indices rose 3.53%, 1.56% and 1.39% respectively.
# Bank Nifty (+0.30%) underperforms Nifty’s gains of 0.94%.
# Nifty Mid-cap advances 1.56% while Small-cap ended flat.
# VIX inches up 1.59% to end at 16.10.
# Top Index Gainers: TATA MOTORS (+21%) M&M (+5%) TATA CONSUMER (+4%).
# Top Index Losers: MARUTI (-3%) ONGC (-2%) HUL (-1.06%).
*OUR VIEW FOR THURSDAY’S TRADE:*
Well, Nifty is really going strong; and today’s up move and spectacular close must have surprised even the most ardent of Nifty bulls. *The gyan mantra is to stay aloft as more fresh record highs on cards.*
*Technically, bulls seem to have unlocked* with all bullish eyes on Nifty’s magical 18500 mark. Trade on the buy side as long as Nifty stays above 17917 mark.
*Amongst stocks, LARSEN, ICICI BANK and JSW STEEL appear to be screaming buys.*
*Long Story short:* *Larsen appears to be a screaming buy with inter-month perspective.*
*ALL ABOUT NIFTY:*
Support: 18047/17911
Resistance: 18257/18507
Range: 18057-18307
21 DMA: 117729
50 DMA: 17163
200 DMA: 15543
Trend: Positive
*BULLISH LOOKING STOCKS:*
# LARSEN
# VEDANTA
# TATA STEEL
*BULLISH LOOKING STOCKS (LONG TERM):*
# ICICI BANK
# ADANI PORTS
# INDUSIND BANK
*BEARISH LOOKING STOCKS:*
# VODAFONE IDEA
# CADILA
# METROPOLIS
*STOCKS TO AVOID:*
# INDIGO
# GLENMARK
# STAR
*Stay Tuned.*
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
MINDTREE:
Q2 CONS NET PROFIT 3.99B RUPEES VS 2.54B (YOY); EST 3.4B | 3.43B (QOQ)
Q2 REVENUE 25.86B RUPEES VS 19.26B (YOY); 23B (QOQ)
INTERIM DIVIDEND 10 RUPEES PER EQUITY SHARE
Q2 CONS NET PROFIT 3.99B RUPEES VS 2.54B (YOY); EST 3.4B | 3.43B (QOQ)
Q2 REVENUE 25.86B RUPEES VS 19.26B (YOY); 23B (QOQ)
INTERIM DIVIDEND 10 RUPEES PER EQUITY SHARE
Infosys Q2 Results: Net profit jumps 11.9% YoY to Rs 5,421 crore
https://www.moneycontrol.com/news/business/stocks/infosys-q2-results-net-profit-jumps-11-9-to-rs-5421-crore-7577711.html
https://www.moneycontrol.com/news/business/stocks/infosys-q2-results-net-profit-jumps-11-9-to-rs-5421-crore-7577711.html
Moneycontrol
Infosys Q2 Results: Net Profit Jumps 11.9% YoY To Rs 5,421 Crore
"Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings.” said the CEO of the company, Salil Parikh.
Wipro Q2 Result | Profit falls to Rs 2,930 crore, IT services revenue at Rs 19,760.7 crore
https://www.moneycontrol.com/news/business/earnings/wipro-q2-result-profit-falls-to-rs-2930-crore-it-services-revenue-at-rs-19760-7-crore-7575831.html
https://www.moneycontrol.com/news/business/earnings/wipro-q2-result-profit-falls-to-rs-2930-crore-it-services-revenue-at-rs-19760-7-crore-7575831.html
Moneycontrol
Wipro Q2 Result | Profit falls 9.6% to Rs 2,930 crore, firm sees IT services revenue growth at 2-4% in Q3
The attrition rate (trailing twelve months) stood at 20.5 percent in September 2021 quarter, increasing significantly from 15.5 percent in Q1FY22, and 11 percent in Q2FY21.
Live webinar on "Commodity Strategies" by Mr. Kunal Shah, Head - Commodity Research at Nirmal Bang with Ms. Hiral Dadia, Anchor and Editor.
Click here to join: https://youtu.be/7gmqFfvvaOI
Click here to join: https://youtu.be/7gmqFfvvaOI
YouTube
Commodity Strategies with Mr. Kunal Shah, Head - Commodity Research at Nirmal Bang
Mr. Kunal Shah, Head - Commodity Research at Nirmal Bang in conversation with Ms. Hiral Dadia, Anchor and Editor on Commodity Strategies
SCI: CO INFORMS THAT, THE MINISTRY OF PORTS, SHIPPING AND WATERWAYS HAS CONVEYED THAT THE NITI AAYOG HAS CONCURRED TO THE PROPOSAL OF INCORPORATION OF A SUBSIDIARY CO FOR HIVING OFF THE NON-CORE ASSETS OF THE CO
Follow this link to join my WhatsApp group: https://chat.whatsapp.com/EiaAtcpoKn9CaGngGiNVjn