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

JUST IN: President Biden proposes a 44.6% capital gains tax, the highest in history.

The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals.

Indian markets - be prepared for the biggest rally of the decade
https://www.forbes.com/newsletters/andrewleahey/2024/04/24/biden-capital-gains-rate-proposal-446/?sh=3a14b0a31ff6
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

India Daybook Stocks in News

*ASK Auto motive:* Company in joint venture pact with Japan-based Aisin Group for selling auto components for cars. (Positive)

*Tejas Networks:* Company expects substantial benefits from PLI scheme over the next four years (Positive)

*Sterlite Technologies:* US-manufactured fiber optic cable products are compliant with Build America, Buy America (BABA) provisions of Infrastructure Investment& Jobs Act. (Positive)

*Axis Bank Q4:* Net profit at ₹7130 cr vs poll of ₹6215 cr, NII at ₹13089 cr vs poll of ₹12809 cr (Positive)

*Dalmia Bharat:* Net profit at ₹320 cr vs poll of ₹272 cr, Revenue at ₹4,307 cr vs poll of ₹4,125 cr. (Positive)

*PVR Inox:* Company launches advertising-free movie cinemas in select luxury properties. (Positive)

*RVNL:* Company declared lowest bidder for a southern railway project worth ₹239 Cr. (Positive)

*RITES:* Company signs MoU with DVC for Project Management Consultancy for rail infra works. (Positive)

*Suprajit Engineering:* Inauguration of new plant of Shanghai Lone Star Cable Co. Ltd. (Positive)

*NALCO:* KABIL signs MoU with CSIR-NGRI for geophysical investigations in critical & strategic minerals sector. (Positive)

*Hindustan Unilever:* Net profit at ₹2,406 cr vs poll of ₹2,438 cr, Net Revenues at ₹14,857 cr vs poll of ₹14,989 cr (Neutral)

*Syngene:* Net Profit up 5.5% at ₹188.6 cr vs ₹178.7 cr, Revenue down 7.8% At ₹916.9 Cr Vs ₹994.4 Cr (YoY) (Neutral)

*Indian Hotels Q4:* Net profit at ₹418 cr vs poll of ₹405 cr, Revenue at ₹1905 cr vs poll of ₹1869 cr (Neutral)

*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)

*Macrotech Developers Q4:* Net profit at ₹666 cr versus ₹744 cr, revenue at ₹4,019 cr versus ₹3,255 cr YoY (Neutral)

*Indian Bank:* FSIB recommends Asheesh Pandey for the position of MD & CEO in Indian Bank. (Neutral)

*State Bank:* Financial Services Institutions Bureau (FSIB) recommends Rana Ashutosh Kumar Singh for the position of MD in State Bank of India. (Neutral)

*Delta Corp:* Company incorporates joint venture Delta Penland Private as a wholly owned subsidiary. (Neutral)

*Jubilant Pharma:* U.S. FDA inspection at Radiopharmaceuticals manufacturing facility of Canada-based unit end with 5 observations. (Neutral)

*Reliance Industries:* Company acquires 100% stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV. (Neutral)

*ITC:* Company’s shareholders to meet on June 6 for hotels scheme of arrangement (Neutral)

*AU Small Finance Bank:* Net profit at ₹370.7 cr vs poll of ₹354.6 cr, Gross NPA at ₹1,237.4 cr vs ₹1,339.7 cr (QoQ) (Neutral)

*LTIM Q4:* Net profit at ₹1100 cr vs poll of ₹1130 cr, ₹ Revenue at ₹8,893 cr vs poll of ₹8,950 cr. (Neutral)

*Kotak Mahindra Bank:* Company barred by RBI from issuing new credit cards.

*Vedanta:* company order of temporary suspension of mining operations in respect of The A. NARRAIN iron ore mine

*Oracle Financial Q4:* PAT down 24% QoQ, revenue declines 10%
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

*News Headlines from Business News Agencies :*

*Business Standard :*

RBI tells Kotak Mahindra Bank told to stop issuing new credit cards

LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%

Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery

Rapido to offer free rides to differently-abled voters in Karnataka

FSIB recommends Ashutosh Kumar for SBI MD, Asheesh Pandey for Indian Bank

JP Morgan CEO Dimon commends Modi govt for Aadhaar, poverty alleviation

GST, China imports emerge as major poll issues among lock industry traders

Nippon Life AMC Q4 results: Profit after tax jumps 73% to Rs 343 crore

Centre considering widening housing subsidy scope for urban poor under PMAY

SKA Group to invest Rs 600 cr to build premium housing project in Gr Noida

REITs, InvITs mobilise Rs 1.3 trillion in past four years: RBI data

EU raids Chinese security equipment firm over foreign subsidies concerns


*Economic Times :*

HUL Q4 Results: Net profit drops 6% YoY to Rs 2,406 crore

Tata Passenger Electric Mobility to supply 2,000 XPRES-T units to Vertelo

Realty developer Eldeco raises Rs 350 crore from HDFC Capital

Axis Bank board approves Rs 55,000 crore fundraise via mix of debt and equity

Indian Railways targets raking in Rs 5,400 crore from scrap sale

JioCinema set to disrupt SVOD market with Rs 30 per month subscription pack

IHG Hotels & Resorts to double presence in India with 100 operating hotels in five years

ADIF and IIT Guwahati incubation center sign MoU to boost startup ecosystem

India's pharma exports rise 10% to USD 27.9 bn in FY24

Tata Sons preparing for Tata Capital IPO with potential lookout for bankers: Report

Network-as-a-service provider CloudExtel raises Rs 200 crore debt

Boeing Q1 Results: Revenue declines 8%, first in 7 qtrs as deliveries decline


*Mint :*

Axis Bank Q4 Results: Net profit at ₹7,130 crore, NII rises 11.5% YoY

Tata Consumer Products expects tea volumes to grow in the mid-term

HUL Q4 results: Net profit at ₹2,406 crore, announces dividend of ₹24 per share

India-South Korea CEPA review talks likely in May or June

Bombay High Court dismisses Zee promoters’ petition against loan default order

AU Small Finance Bank Q4 results: Net profit at ₹370.7 crore

RVNL JV win project worth ₹439 cr from Southern Railway

Chennai Petro Q4 results: Net profit up 71.9% at ₹628 crore

GPT Infra bags order worth ₹487 cr from Central Railway, Mumbai

Govt's career service portal to compete with job websites

Trai to restart consultations on allocation of satcom airwaves
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

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
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin

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

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
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin