AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

Tesla jumped by 14 percent in afterhours trade Tuesday as the electric vehicle maker's announcement that it was accelerating the launch of new EVs including affordable models overshadowed fiscal first-quarter results that fell short of estimates amid waning EV demand.

Visa shares climbed over 3% in after-hours trading Tuesday after the payment processor posted earnings and revenue that topped Wall Street expectations for the fiscal Q2 2024.

News Headlines from Business News Agencies:

Business Standard

RIL, JSW Neo, Amara Raja among 7 bidders for gigawatt battery production
General Motors beats quarterly results targets, raises annual forecast
Extreme weather conditions may pose risk to inflation, says RBI Bulletin
Spice Board of India tells Everest, MDH to give details of quality checks
Apple's Q1 smartphone shipments in China down by 19%, worst since 2020
Spotify Q1 results: Revenue increases by 14%, in line with estimates
Genpact launches artificial intelligence innovation centre in Gurugram
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
Lenovo launches Intel Core Ultra 9 powered IdeaPad Pro 5i laptop in India
Air India enters into codeshare pact with Japan's All Nippon Airways
UK businesses expand at fastest pace in 11 months, shows PMI survey
Patel Engineering launches QIP issue with floor price of Rs 59.50 per share

Economic Times

Agri exports fall 9 pc to $43.7 bn during Apr-Feb 2024 due to global, domestic factors
Telecom industry sees growth in AGR led by Bharti Airtel and Reliance Jio
Office space leasing expected to reach 61 million sq ft in 2024
NCLT adjourns hearing in Byju’s rights issue case to June 6
UP RERA penalises homebuyer for repeatedly filing complaint with the authority
Spotify's monthly user numbers miss estimates on lower promotions
FPI portfolio AUM hits record amid rising exposure to capital goods and auto stocks
WhiteOak Mutual Fund files draft with Sebi for Special Opportunities Fund
Awfis Space Solutions receives SEBI nod for IPO launch
Expect capex for EV components to cross Rs 25,000 cr in next 3-4 years: ICRA
Stellantis India to hike vehicle prices by up to Rs 17,000 from April 30

Mint

Cyient DLM Q4 results: Net profit rises to ₹22.7 cr, revenue at ₹362 crore
OPEC cuts and geopolitical tensions propel Brent crude up by over 13% in 2024
BharatPe launches payment device BharatPe One with integrated POS
Patanjali in court: SC pulls up company, warns FMCG firms against misleading ads
RBI sets premature redemption price for SGBs; investors to get ₹7,325 per unit
Paints Sector: Inflation and intensifying competition pose double threat
Tata Consumer Products Q4 Results: Net profit drops 22% to ₹267 crore
NSE to waive Transaction charges for F&O contracts on Nifty Next 50 Index
Nelco Q4 Result: Net profit rise to ₹6.1 cr, revenue at ₹81.6 crore
Rama Steel Tubes board approves raising funds up to ₹500 crore via share issue
Jaguar Land Rover (JLR) to recall 2,409 US vehicles as passenger airbag may tear

T.me/AlliesFin

Q4FY24 EARNING CALENDAR 24.04.2024

ANANTRAJ, AUBANK, AXISBANK, CHENNPETRO, DALBHARAT, DCBBANK, EQUITASBNK, HINDUNILVR, INDHOTEL, LODHA, LTIM, NAM-INDIA, OFSS, SPLPETRO, SYNGENE

AXIS BANK
* NII expected at Rs 12,777 crore versus Rs 11,742 crore
* EBIT expected to be seen at Rs 9161 crore versus Rs 9167 crore
* EBIT margin expected to be seen at 70.98% versus 55.1%
* Net profit expected to be seen at Rs 5286 crore versus of Rs 676 crore

HUL
* Revenue expected at Rs 12,112 crore versus Rs 15,215 crore
* EBITDA expected to be seen at Rs 3495 crore versus Rs 3574 crore
* EBITDA margin expected to be seen at 28.8% versus 23.5%
* Net profit expected to be seen at Rs 2468 crore versus of Rs 2520 crore

INDIAN HOTEL
* Revenue expected at Rs 1869 crore versus Rs 1625 crore
* EBITDA expected to be seen at Rs 660 crore versus Rs 535 crore
* EBITDA margin expected to be seen at 35.3% versus 32.9%
* Net profit expected to be seen at Rs 405 crore versus of Rs 328 crore
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GIFT Nifty + pts (22455) from last trade 22355 ,


Nikkei +777 pts ,
Hangseng +164 pts ,


Dow +263.71 pts ,Nsdq +245.34 pts, S&P
+59.95 pts , Bovespa -425 pts , Ftse +20 pts , Dax +276 pts , Cac +65 pts , Crude @ $83.45 brl (+0.09), Brent @ $88.42 brl (-0.00) , Gold @ 2335.60 (-6.50), Silver $27.305 (-0.05), Euro @ $1.0701, JPY @ $154.77, INR @ 83.285





Today's Corporate Action
24th Apr Ex Date



BBL
Stock  Split From Rs.10/- to Rs.5/-
HUHTAMAKI
Dividend - Rs. - 5.0000    



Today's Key Results/Board Meetings
24-Apr-24
     


5PAISA
General;Audited Results    
ABHISHEK
General        
ANANTRAJ
Audited Results;Final Dividend    
ATFL
Audited Results      
AUBANK
Audited Results;Final Dividend    
AXISBANK
Audited Results;Final Dividend;General;Quarterly Results
CHENNPETRO
Audited Results;Final Dividend    
CORALAB
General        
DALBHARAT
Audited Results;Final Dividend;General;Quarterly Results
DBOL
Audited Results;Final Dividend;General  
DCBBANK
Audited Results;Dividend;General  
EQUITASBNK
Audited Results;Final Dividend    
GARGI
Audited Results;Half Yearly Results  
HARSHDEEP
Audited Results      
HINDUNILVR
Audited Results;Final Dividend    
HITKITGLO
Increase in Authorised Capital;General  
INDHOTEL
Audited Results;Final Dividend    
LODHA
Audited Results;Final Dividend    
LTIM
Audited Results;Final Dividend    
MAHSCOOTER
Audited Results;Final Dividend    
MANGIND
General        
MASFIN
Audited Results;Final Dividend;General;Quarterly Results
NAM-INDIA
Audited Results;Final Dividend    
NITINFIRE
Audited Results      
OFSS
Audited Results;Dividend    
RAPIDIN
General;Rights Issue      
RLFL
General        
SATIN
General        
SPANDANA
General        
SPLPETRO
Audited Results;Final Dividend    
SUPRAPFSL
General        
SYNGENE
Audited Results;Final Dividend    
TIGERLOGS
General      




Stock under F&O ban on NSE
24-Apr-24




1 HINDCOPPER

2 IDEA

3 ZEEL
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AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin's Post

*VODAFONE IDEA LIMITED*
Basis of Allotment

*QIB Others* - 19.655x
*QIB MF* - 20.158x

*HNI Bucket1(Rs2 -10Lacs)* -
115 : 134 allotted 19,470 shares

*HNI Bucket2(Above 10 lacs)* -
22,595 shares + 1 (138:301) (on 92,158 shares) &
above that ~ 4.3% additional allotment

*Retail* - Full allotment

IDEA FPO Allotment Out

https://www.linkintime.co.in/Initial_Offer/public-issues.html
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News Headlines from Business News Agencies :

T.me/AlliesFin

Business Standard :

Reliance Jio Q4 results: Profit rises 13.2% to Rs 5,337 cr, revenue up 11%

CCI set to study impact of AI on competition, efficiency and innovation

Vodafone Idea's Rs 18,000 cr FPO gets over the line; issue subscribed 1.5x

Flipkart Ventures to invest up to $500,000 in GenAI-based startups

Indian businesses saw 235,472 ransomware incidents from Jan-Dec 2023

IndusInd Bank successfully executes RBI's programmable CBDC pilot

Pine Labs' Setu names former SAP India executive Raisinghani as its CEO

Raising capital would be a top priority for Dhanlaxmi Bank's new CEO

Mahindra Logistics Q4 loss widens to Rs 12.85 cr on subdued volume growth

Paytm Payments Bank board is independent, says CEO Vijay Shekhar Sharma

Startup Accacia raises Rs 54 crore from investors to expand business

Mutual funds collection through NFOs up 6.5% at Rs 66,364 crore in FY24


Economic Times :

HAL, NAL sign tech transfer pact for Tejas engine day door production

inDrive appoints Pratip Mazumder as country manager for India

Spices Board examining Singapore, Hong Kong ban on few MDH & Everest products on quality concern

Peak XV MD Piyush Gupta to leave VC fund

CMS Info Systems to enter gold logistics, loan collection services

Colgate-Palmolive announces benefits for employees with disabilities

India's polished diamond exports drop 27.5% as key markets falter

Macquarie's $1.5 bn India EV platform to focus on fleet electrification

Passenger traffic at Mumbai airport rises 16% to 52.8 million in FY24

Wet wipes containing plastic to be banned from sale in UK

Byju Raveendran raised debt to pay March salaries

HDFC Mutual Fund launches HDFC Manufacturing Fund


Mint :

Tata Power Delhi Distribution appoints Gajanan Kale as its CEO

Reliance Q4 results: Net profit declines 1.8% YoY to ₹18,951 crore

Tesla, Li Auto cut prices as China’s EV price war heats up

Govt eyes new geothermal policy, demonstration projects of up to 25 MW

RAJNISH RETAIL ORD Q4 FY24 Results: profit falls by 12.84% YOY

Good Glamm gets default notices from IAN, founders of Sirona, Moms Co

Hatsun Agro Q4FY24 Results: Revenue up 14.4% YOY

NCLT admits Subhash Chandra into personal insolvency on Indiabulls plea

Rallis India Q4 FY24 Results: Revenue down 16.6% YOY

Hero Moto’s Chief Technology Officer (CTO) Arun Jaura resigns

Paytm launches new Made-in-India Soundbox for UPI and Credit Card on UPI payments
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Bharat India Daybook Stocks in News

T.me/AlliesFin

Hatsun Agro: Net Profit at ₹52.2 cr vs ₹25 cr (YoY) Revenue up 14.4% at ₹2,046.9 cr vs ₹1,789.5 cr (YoY) (Positive)

Tamilnad Mercantile Bank: Q4 earnings; Net profit unchanged at ₹253 cr (YoY), NII up 7.5% at ₹567 cr vs ₹527.3 cr (YoY) (Positive)

Tejas Networks: Revenue at Rs 1327 Crores Vs Rs 299 Crores, PAT at Rs 147 Crores Vs Loss of Rs 11.5 Crores (YoY) (Positive)

Lloyds Engineering: Company secures naval equipment orders worth over Rs 81 crore. (Positive)

Sona BLW: Company Precision Forgings commissions new plant in Mexico to meet demand for battery EVs. (Positive)

KP Energy: Company gets 9 MW wind power project order from Bhathwari Technologies (Positive)

Patanjali Foods: Company incorporates two wholly-owned subsidiaries Contemporary Agro and Rishikrishi Farming (Positive)

Zomato: Company hikes platform fee by 25% to Rs 5 (Positive)

Paytm: Company launches new Made-in-India Soundbox for UPI and Credit Card on UPI payments. (Positive)

Indian Overseas Bank: Company raise up to Rs 1,000 crore via debt, up to Rs 5,000 crore via equity. (Positive)

HDFC Bank: Mitsubishi UFJ Financial Group considering sweetening $1.7 billion offer for minority stake in HDFC Bank’s consumer lending unit (Positive)

HAL: Company signs agreement with NAL for manufacture of Bismaleimide Engine Bay Door for series production of Light Combat Aircraft Tejas Mk1A. (Positive)

Redtape: Commences online operational activity from it's new warehouse situated at Bhiwandi (Positive)

HPL Elect: Launches new producy- HPL Fans in SAARC Countries; Middle East and African Countries (Positive)

*Shriram Finance Ltd: * Company has increased interest rates on digital-only recurring deposits (RDs) by 35-40 basis points (Neutral)

Vodafone Idea: Company’s FPO Update, Total Subscription 6.3x, Retail 0.8x, QIBs 18x & NIIs 4x (Neutral)

*Sanghi Industry: * Company approves proposal for raising of funds of up to ₹2,200 cr. (Neutral)

Union Bank of India: Company classifies BGR Energy's account as NPA. (Neutral)

Hero Motocorp: Company’s Chief Technology Officer (CTO) Arun Jaura resigns w.e.f April 30 (Neutral)

Patel Engineering: Company plans to raise as much as Rs 400 crore through Qualified Institutional Placement. (Neutral)

Rallis India: Net Loss of ₹21 cr vs loss of ₹69 cr (YoY), Revenue down 16.6% at ₹436 cr vs ₹523 cr (YoY) (Neutral)

Mahindra Logistics: Company reports Q4 earnings, Net loss at ₹11.9 cr vs profit of ₹0.20 cr (YoY) (Neutral)

RR Kabel: Company approves termination of Dinesh Aggarwal as CEO. (Neutral)

Ultra Tech Cement: Company gets order from Karnataka GST authority for GST worth Rs 8 crore along with interest and penalty (Neutral)

Reliance: Net Profit seen at Rs 18,951 crore versus poll of Rs. 18,227 crore, Revenue seen at 236,000 crore versus poll of Rs. 234,000 crore (Neutral)

IndusInd Bank: Executes RBI’s programmable Central Bank Digital Currency pilot (Neutral)

PSP Projects: Company is planning to launch qualified institutional placement (QIP) to raise ₹244 crore, (Neutral)

AB Capital: Revenues Up 12.5% at Rs 114 Crores Vs Rs 101.3 Crores Margins at 17.9% vs 18.4% (Neutral)

ABFRL: Company needed to raise capital to fuel next phase of business growth, says ABFRL CFO Jagdish Bajaj. (Neutral)

Wipro: Company step-down unit Synchrony Global voluntarily dissolves. (Neutral)

Mazdock: Government may dilute stake to meet the minimum Public shareholdings norms by 9% in different Tranches

Kesoram: Net loss at ₹244.4 cr vs loss of ₹26.1 cr (YoY), Revenue up 1.7% at ₹1,073.6 cr vs ₹1,055.4 cr (YoY)

Tanfac: Revenues Down 11% at Rs 102.8 Crores Vs Rs 115.5 Crores, Profit Down 45% at Rs 12.7 Crores Vs Rs 23.3 Crores

M&M Fin: Company defers board meet scheduled to be held today to consider Q4Results to a later date as a fraud was detected at one of co’s branches in the north east w.r.t retail vehicle loans.
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STOCK LENDING OFFER VODA FONE IDEA ALMOST 0.70 PAISA PER SHARE OR MORE THEN 5% YIELDS...
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Bharat India Daybook Stocks in News

T.me/AlliesFin

HDFC AMC: Net Profit up 43.8% at ₹541 cr vs ₹376.2 cr, Revenue up 28.5% at ₹695.4 cr vs ₹541 cr (YoY). (Positive)

Amara Raja: Company bags 700 MWP Solar Project from Greenko in Andhra Pradesh (Positive)

IREDA: Company reported a 33% jump in consolidated net profit at Rs 337 crore for Q4FY24. (Positive)

India Cements: Company sells its grinding unit at Parli to UltraTech Cement for Rs 315 crore (Positive)

National Fertilizers: Department of Public Enterprise has granted Navratna status to National Fertilizers. (Positive)

Biocon: Company gets approval from South Africa regulatory authorities for Tacromilus capsule. (Positive)

Lupin: Company gets USFDA nod to launch generic tablet to treat overactive bladder (Positive)

Zydus Life: Company launches Mirabegron extended-release tablets in the US (Positive)

SJVN: Company and Assam Power Distribution Company form joint venture to generate renewable electricity. (Positive)

Lauras Labs: U.S. FDA inspection at API manufacturing facilities at Andhra Pradesh closes without any 483 observations. (Positive)

NTPC: Company’s Unit NTPC Green Energy, In Pact with Indus Towers for Green Energy Objectives (Positive)

Central Bank: Bank has entered into a distributorship agreement with ABSLAMC for distribution of Mutual Fund Products (Positive)

Star Cement: Company commences commercial production from new clinker line of the company at Lumshnong, Meghalaya (Positive)

JSW Energy: Arm JSW Neo Energy gets letter of award for 700 MW ISTS connected solar capacity from NTPC (Positive)

VST Ind: Investor Radhakishan Damani Name Appears With 1.95% Stake in Co During Q4 (Positive)

HeroMoto Corp: Company opens new assembly plant in Nepal. (Positive)

Sterling & Wilson: Revenue growth of over 50% to ₹3,035 crore. Turns EBITDA positive with a ₹54 crore figure in financial year 2024. (Positive)

HDFC Bank: Net Profit at Rs 16512.0 crore versus poll Rs 17315.0 crore, NII at Rs 29077.0 crore versus poll Rs 28876.0 crore (Neutral)

Gokaldas Exports: Company launches Rs 600 crore QIP at Rs 775/share (Neutral)

ICICI Bank: Updates savings account service charges with a new fee structure effective from May 1, 2024. (Neutral)

Aditya Birla Fashion: Company approves Madura business demerger into separate listed entity. (Neutral)

Adani Ports: Company handled record 420 MT Cargo In FY24 (Neutral)

Hindustan Zinc: Company re-engaging with govt to get modified demerger proposals cleared: Arun Misra, Demerger will lead to two new entities- silver and zinc & lead. (Neutral)

Wipro: Revenue down 0.3% at ₹ 22,079.6 crore vs ₹22,151 crore (QoQ) (Neutral)

Canara Bank: Fixed May 15 as record date for determining shareholders' eligibility for stock split. (Neutral)

Tata Steel: NCLT approves Amalgamation of Angul Energy with company. (Neutral)

HDFC Bank: Approves renewal of issuance of long-term bonds worth Rs 60,000 crore. (Neutral)

Oberoi Realty: Company’s sales bookings down 53 pc to Rs 4,007 cr in FY24 on high base (Neutral)

Persistent: $ revenue up 3.4% at $310.9 m vs $300.6 m, ₹ revenue up 3.7% at ₹2,590.5 cr vs ₹2,498.2 cr (QoQ) (Neutral)

InfoEdge: Company re-appoints Geeta Mathur as independent Director of the company. (Neutral)

SterliteTech: Arbitrator rejects company’s claim worth Rs 145 crore against BSNL

Accelya Solutions: Consolidated net profit declines 99.45% in the March 2024 quarter.
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