Stock Market today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 12 January 2024.

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  • January 12, 2024 14:30

    Stock Market Live Updates: Libas Consumer Products appoints Mohammed Shabbir Sakerwala as CFO

    Libas Consumer Products informed about the appointment of Mohammed Shabbir Sakerwala as CFO of the Company with effect from January 12, 2024. The company also informed the change in designation of Riyaz Ganji from Wholetime Director to Joint Managing Director with effect from approval of shareholders.

    Libas stock declines by 1.99% on the NSE, trading at ₹19.70.

  • January 12, 2024 14:11

    Share Market Today: Cyient stock surges after entering into a MoU with SkyDrive

    Cyient has entered into a memorandum of understanding with SkyDrive Inc., a leading Japanese eVTOL aircraft manufacturer. As per the MoU, both companies have agreed to work in partnership across product development, engineering, manufacturing, and digital services.

    Cyient stock surged 5.53% on the NSE, trading at ₹2,270.35.

  • January 12, 2024 14:08

    Stock Market Live Updates: Steelman Telecom issues fully convertible warrants

    Steelman Telecom Ltd informed the receipt of stock exchange’s approval for issuance of 10,00,000 fully convertible warrants, each convertible into, or exchangeable into equivalent number of fully paid-up Equity Shares of the Company at a face value of ₹10 each at a price not less than ₹171 each to Promoters and Non-promoters on a preferential basis. 

    The stock trades at ₹160 on the BSE, down by 3.03%.

  • January 12, 2024 14:01

    Share Market Today: Alkem Labs appoints Nitin Agrawal as CFO, shares marginally rise

    Alkem Laboratories announced the appointment of Nitin Agrawal as Chief Financial Officer of the company w.e.f. February 01, 2024. The stock trades at ₹5,062.30 on the NSE, up by 0.09%.

  • January 12, 2024 13:59

    Stock Market Today: Suraj Ind stock rises after entering loan agreement with Carya Chemicals

    Suraj Industries has entered into loan grant agreement with Carya Chemicals and Fertilizers Private Limited. 

    The stock is up 1.74% on the BSE, trading at ₹105.

  • January 12, 2024 13:56

    Share Market Live: Kolte-Patil Developers posts highest-ever quarterly pre-sales in Q3

    Kolte-Patil Developers has reported highest-ever quarterly pre-sales, by value, in Q3 FY24 

    o Pre-Sales at ₹746 crore, grew 18% QoQ 

    o Realizations improved both YoY and QoQ due to increased contribution from the ‘24K’ premium luxury segment projects in Baner and Pimple Nilakh 

    o KPDL’s flagship project, Life Republic Integrated Township, recorded sales volumes of 4.4 lakh sq. ft. during the quarter

    The company’s stock rose 1.07% on the NSE, trading at ₹562.60.

  • January 12, 2024 13:55

    Stock Market Live Updates: CreditAccess Grameen emerges as the ‘Best Small NBFC’ at Mint’s BFSI Summit

    CreditAccess Grameen has been conferred with “Best Small NBFC” 2023 at Mint BFSI Summit & Awards. The stock trades at ₹1,710.35 on the NSE, down by 1.03%.

  • January 12, 2024 13:51

    Share Market Live: Shivalik Rasayan appoints Dr Vinod Kumar as VP in Bhiwadi R&D centre, shares fall

    Shivalik Rasayan Limited​ announced the appointment of Dr. Vinod Kumar Singh as Vice President in R&D Centre, Bhiwadi. The stock declined 1.67% on the NSE, trading at ₹680.80.

  • January 12, 2024 13:34

    Share Market Live Today: Nifty 50 surges to fresh record high of 21,860.35 at 1:28 pm

  • January 12, 2024 13:29

    Stock Market Live Updates: GHCL inks MoUs worth ₹3,450 crore with Gujarat govt

    GHCL has signed MoUs worth ₹3,450 crore for investments in Gujarat. The stock trades at ₹600.05 on the NSE, up by 0.60%.

  • January 12, 2024 13:27

    Share Market Today: RVNL hits 52-week high at ₹207; currently trades 1.90% up at ₹203.60

  • January 12, 2024 13:25

    Share Market Live Today: Veranda Learning Solutions’ subsidiary to acquire Tapasya Educational Institutions

    Veranda XL Learning Solutions Private Limited, a subsidiary of Veranda Learning Solutions, has entered into definitive agreements/binding term sheets for the acquisition of Tapasya Educational Institutions Private Limited. 

    The stock trades at ₹312.75 on the BSE, down by 0.92%.

  • January 12, 2024 13:23

    Stock Market Live: Asian Energy Services stock rises after winning ₹22-cr order from ECL

    Asian Energy Services Ltd has bagged a contract (alongside JV partner) from Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited. The contract involves the construction of plough feeders and associated civil works at the existing coal handling plant in Rajmahal, located in the Godda district of Jharkhand. The project, valued at ₹21.9 crore, is anticipated to take 8 to 9 months to complete. 

    Asian Energy Services stock rose 2.77% on the NSE, trading at ₹278.05.

  • January 12, 2024 13:20

    Share Market Today: Birlasoft surges 5.35% on the NSE, trading at ₹787

  • January 12, 2024 13:17

    Market Update: Sensex rallies 755 pts; Nifty at 21,850

    At 1:10 pm, BSE Sensex jumped 754.53 pts or 1.05% to 72,475.71 and NSE Nifty rose 203.00 pts or 0.94% to 21,850.20 pts.

  • January 12, 2024 13:01

    Market Update: Top Nifty auto losers

    Top losers of Nifty auto stocks:

    Bharat Forge (-2.49%); Tube Investments (-1.96%); Motherson (-1.68%); Balkrishna Industries (-1.09%)

  • January 12, 2024 12:55

    Share Market Live Updates: Sarveshwar Foods opens organic stores in Delhi-NCR and Punjab

    Sarveshwar Foods Limited has announced extension of its food-prints in Punjab and Delhi NCR region by opening its signature NIMBARK Organic Stores. 

    The stock trades at ₹7.20 on the NSE, down by 0.69%.

  • January 12, 2024 12:43

    Share Market Live Updates: Aptech stock rises 1.31% after issuing 3,000 ESOPs

    Aptech Ltd has issued and allotted 3,000 equity shares consequent upon exercise of ESOPs, at the exercise price of ₹67 as determined under the “Aptech Limited - Employee Stock Option Plan 2016” by the eligible employees. 

    The stock rose 1.31% on the NSE, trading at ₹282.60.

  • January 12, 2024 12:40

    Share Market Today: TCS unveils AI Experience Zone, shares rise

    Tata Consultancy Services Ltd’s shares were up by 4.24 per cent after the company reinforced its commitment to build AI-ready workforces with the launch of an AI Experience Zone. The company informed that following the training of over 1,50,000 employees in Generative AI, TCS aims to provide hands-on experience in artificial intelligence (AI) and generative AI within this dedicated zone.

  • January 12, 2024 12:38

    Share Market Live Updates: GHCL Textiles stock rises after inking MoU with Tamil Nadu govt

    GHCL Textiles stock rose 1.36% on the BSE, trading at ₹82.79. The company had signed an MoU with the Government of Tamil Nadu for an investment of ₹535 crore.

  • January 12, 2024 12:23

    Stock Market Today: Venus Remedies stock rises 3.45% after new marketing authorisations

    Venus Remedies Limited is in receipt of new marketing authorisations for DOCETAXEL in concentrations of 160MG/8ML, 20MG/1 ML and 80MG/4ML(SingleVlal), as we MasGEMCITABINEIG from Malta, Europe. 

    The stock rose 3.45% on the NSE, trading at ₹424.

  • January 12, 2024 12:21

    Share Market Live Updates: Major gainers and losers

    Major gainers on the NSE at 12:08 pm:

    Infosys (7.77%); Tech Mahindra (4.41%); Wipro (4.07%); ONGC (4.06%); TCS (3.98%)

    Major losers:

    Cipla (-1.27%); Bajaj Finserv (-1.21%); Apollo Hospitals (-1.12%); Coal India (-1.08%); M&M (-1.08%)

  • January 12, 2024 12:20

    Market Update: 2,177 stocks advance; 1,539 stocks decline

    Stocks advanced on BSE at 12:08 pm on January 12, 2024, were 2,177 against 1,539 stocks that declined; 118 stocks remain unchanged. Total stocks traded were 3,834. The number of stocks that recorded a 52-week high was 462, and those that hit a 52-week low was 6.

  • January 12, 2024 12:19

    Stock Market Live Updates: Sinclairs Hotels to issues Bonus shares on Jan 29, shares rise

    Sinclairs Hotels informed the exchange that it has fixed January 29, 2024, as the ‘Record Date’ for the purpose of ascertaining the eligibility of Shareholders for the issuance of fully paid-up Bonus Shares in the ratio of 1:1, subject to approval of Shareholders. 

    Sinclairs Hotels stock rose 1.62% on the BSE, trading at ₹232.

  • January 12, 2024 12:13

    Stock Market Live Updates: REC issues Green Bonds worth ¥61.1 bn

    REC Limited has informed the exchange regarding issue of Yen-Denominated Green Bonds aggregating to Japanese Yen (JPY) 61.1 billion.

    REC stock trades at ₹421.10 on the NSE, down by 0.43%.

  • January 12, 2024 12:10

    Market Update: Sensex jumps 612 pts; Nifty maintains hold above 21,800

    The BSE Sensex jumped 612,87 pts or 0.85% to 72,334.05. The NSE Nifty rose 168.85 pts or 0.78% to 21,816.05. 

  • January 12, 2024 12:05

    Share Market Live Updates: Capacite Infraprojects stock falls after completing ₹200-cr fundraise

    Capacite Infraprojects Limited has announced completion of its fund raise of ₹200 crore through a Qualified Institutional Placement (QIP). 

    The stock trades at ₹284 on the BSE, down by 0.16%.

  • January 12, 2024 12:02

    Stock Market Live Updates: Venus Remedies stock rises 2.98% to ₹422.05

  • January 12, 2024 11:51

    Share Market Today: HCL Tech expected to report better than its peers in Q3

    India’s third largest information technology firm HCL Technologies, is expected to deliver better third quarter (Q3) results compared to its peers.

  • January 12, 2024 11:50

    Commodities Market Live Updates: Crude oil gains significantly after US-led forces attack Houthis

    Crude oil futures traded higher on Friday morning as the US-led forces attacked the military targets of the Houthis in Yemen on Thursday.

  • January 12, 2024 11:46

    Share Market Live Today: Major stocks hitting 52-week high

    Major stocks that hit 52-week high:

    Ashiana Housing (15.44%)

    Palred Technologies (15.29%)

    Zuari Agro Chemicals (12.96%)

    TPL Plastech (11.79%)

    Infibeam Avenues (11.78%)

  • January 12, 2024 11:41

    Stock Market Live Updates: TCS stock rises after launching AI Experience Zone

    Tata Consultancy Services (TCS) has launched an AI Experience Zone, to foster hands-on proficiency in Artificial Intelligence (AI) and Generative AI (GenAI) for its employees. The stock trades at ₹3,879.30 on the NSE, up by 3.85%.

  • January 12, 2024 11:40

    Economic Indicators: Goldman Sachs’ key things to look out for in Interim budget

    Goldman Sachs: In our view, three key things for investors to look out for in the interim budget include: 

    a) the government’s commitment to the medium-term fiscal consolidation path,

    b) if capex growth can continue with fiscal consolidation, and 

    c) the supply of government bonds that the market may be able to absorb.

    We expect the government to meet the FY24 fiscal deficit target of 5.9% of GDP, as we expect a receipts upside of 0.2% of GDP. In fact, if spending remains muted in the current quarter, the deficit may end up at 5.8% of GDP.

    In FY25, we think the government will try to consolidate the fiscal deficit to 5.2-5.4% of GDP (with 5.3% of GDP as our base case) given their medium term fiscal consolidation target of reaching 4.5% of GDP by FY26. We expect the focus on capex to continue, but at a slower pace (we expect ~10% yoy growth in capex as a base case) than what has been seen in the last few years (over 30% CAGR between FY21 to FY24 BE) given the fiscal constraints.

  • January 12, 2024 11:30

    Market Update: Sensex gains 665 pts; Nifty above 21,800

    At 11:25 am, the BSE Sensex gained 665.38 pts or 0.93% to 72,386.56 and the NSE Nifty rose 185.00 pts or 0.85% to 21,832.20. 

  • January 12, 2024 11:17

    Stock Market Live Updates: Top Nifty IT gainers

    Top gainers of Nifty IT stocks:

    Infosys (7.08%); Mphasis (5.39%); Coforge (5.04%); Tech Mahindra (4.37%)

  • January 12, 2024 11:11

    Share Market Live: Nifty50 hits lifetime high of 21,847.6 points at 11.01 am

  • January 12, 2024 11:06

    Share Market Live Updates: Infosys stock surges over 7% after board clarifies not declaring dividend

    Infosys has clarified that the board has not declared any dividend in their meeting held on January 11, 2024. 

    The stock surges by 7.14% on the NSE, trading at ₹1,600.90.

  • January 12, 2024 11:04

    Market Update: Major gainers and losers

    Major gainers on the BSE at 11 am:

    Infibeam (12.52%); FSL (11.87%); DB Realty (9.94%); Kotak Bank (7.59%); NIIT (7.11%)

    Major losers:

    Alok Industries (-5.90%); Metropolis (-4.66%); Network 18 (-4.59%); Apar Industries (-3.67%); Ease My Trip (-3.01%)

  • January 12, 2024 11:00

    Share Market Live Updates: Upcoming Corporate Actions

    Corporate Actions:

    Dividend

    12-Jan-24

    INFRATRUST: Income Distribution (InvIT)

    15-Jan-24

    SUKHJITS: Interim Dividend - Rs. - 8.00

    19-Jan-24

    HCLTECH: Interim Dividend

    TCS: Interim Dividend

    IPO

    Medi Assist Healthcare Services: Open: 15-Jan-24; Close: 17-Jan-24

    Buyback

    Dhampur Sugar Mills: Ex-Date: 17-Jan-24

    Elegant Marbles Grani Industries: Open: 11-Jan-24; Close: 17-Jan-24

    Bonus

    Newgen Software Tech: Bonus Issue 1:1; Ex-Date: 12-Jan-24

    Stock Split

    Trishakti Industries: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 16-Jan-24

    Right Issue

    Grasim Industries: Open: 17-Jan-24; Close: 29-Jan-24

    Ind Renewable Energy: Open: 18-Jan-24; Close: 29-Jan-24

    Latim Metal And Industries: Open: 10-Jan-24; Close: 29-Jan-24

    Genpharmasec: Open: 22-Jan-24; Close: 09-Feb-24

  • January 12, 2024 10:59

    Share Market Live: Quess Corp inks MoU with GTU to develop employment in Gujarat

    Quess Corp has signed an MoU with the Department of Gujarat Technical University (GTU) for Skill Development and Employment Generation in the State. The stock trades at ₹517.95 on the NSE, up by 0.65%.

  • January 12, 2024 10:57

    Stock Market Live: Equity markets rise for the third consecutive day amid positive global cues: ICRA

    ICRA Analystics on benchmark indices:

    Indian equity markets rose for the third consecutive day amid positive global cues. The key benchmark indices gave up the early gains and witnessed a range-bound trading session, however, markets rebound and managed to close in positive territory ahead of U.S. inflation figure. Sell-off in information technology stocks on expectation of weak December quarter earnings, capped the gain.

    Bond yields fell following easing in U.S. Treasury yields which stayed below 4% due to expectations of a favourable inflation print in the largest economy in the world.

    Yield on the 10-year benchmark paper (7.18% GS 2033) fell by 2 bps to close at 7.16% as compared to the previous close of 7.18%.

  • January 12, 2024 10:55

    Stock Market Live Updates: Paisalo Digital approves 2,700 Non-Convertible Debentures

    Paisalo Digital’s board has approved 2,700 Non-Convertible Debentures each having a face value of ₹1 lakh, aggregating upto ₹27 crore, inclusive of Base Issue of ₹18 crore with an option to retain over-subscription (Green Shoe Option) upto ₹9 crore only.

  • January 12, 2024 10:53

    Nifty prediction today: Bullish. Go long now

    Nifty 50 is trading higher. The index opened with a gap-up and is sustaining higher. Nifty is currently trading at 21,819, up 0.8 per cent. Support is now in the 21,730-21,680 region

  • January 12, 2024 10:49

    Share Market Today: Sambhavnath Investment acquires shares of Khazanchi Jewellers Limited

  • January 12, 2024 10:45

    Bank Nifty prediction today: Index might see an uptick

    Bank Nifty opened today’s session on the front foot at 47,572.70 versus yesterday’s close of 47,438.35. The index is now at 47,640, up 0.4 per cent.

  • January 12, 2024 10:43

    Share Market Live: Hindustan Zinc receives ₹12.7-cr GST order, shares marginally down

    Hindustan Zinc has received an order from Principal Commissioner, Central Excise & CGST Commissionerate confirming demand of GST for the period July 2017 to March 2018 on account of interpretational issue under the relevant provision of the CGST Act,2017: 

    • GST amounting to Rs. 12,72,15,660. 

    • 100% Penalty on GST demand and applicable interest.

    Stock trades at ₹317.20 on the NSE, down by 0.03%.

  • January 12, 2024 10:40

    Share Market Today: Polycab India stock rises after reiterating not receiving communication from Income Tax dept

    Polycab India stock rose 3.12% on the NSE, trading at ₹3,999.55. . The Company said in a stock exchange filing on Jan 11, that it understands that there is a press release titled ‘Income Tax Department conducts search operations in Mumbai’ published on January 10, 2024 (at 8:06 pm) by Press Information Bureau, Delhi, which does not specifically name any company. The Company reiterates that as on date, the Company has not received any written communication from the IT Department regarding the outcome of the search. As indicated above, the Company has made intimation from time to time in relation to the said search proceeding. While the post search proceedings will take its own course, the Company will continue to fully cooperate with the IT Department in this regard. There is no material adverse impact on the financial position of the Company.

  • January 12, 2024 10:26

    Stock Market Live Updates: Goldstone Tech stock rises after changing name to Aion-Tech Solutions

    Goldstone Technologies’ name shall be changed to Aion-Tech Solutions Ltd w.e.f. January 17, 2024.

    The stock rose 1.80% on the NSE, trading at ₹170.

  • January 12, 2024 10:24

    Market Update: Sensex surges over 550 pts; Nifty above 21,800

    The BSE Sensex surged 574.67 pts or 0.80% to 72,295.85. The NSE Nifty jumped 156.20 pts or 0.72% to 21,803.40

  • January 12, 2024 10:19

    Share Market Today: LIC gets IT demand notices worth ₹3,529 crore

    Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped two demand notices aggregating to about ₹3,529 crore on it.

  • January 12, 2024 10:18

    Share Market Live: Equitas SFB stock rises after introducing 8.2 lakh ESOPs

    Equitas Small Finance Bank Limited has informed the exchange regarding allotment of 8,29,882 equity shares under ESFB Employee Stock Option Scheme, 2019 (ESOP Scheme). The stock trades at ₹114.10 on the NSE, up by 0.44%.

  • January 12, 2024 10:15

    Currency Market Live Updates: Rupee falls 4 paise to 83.05 against US dollar in early trade

    The rupee breached its seven-day gaining streak and depreciated 4 paise to 83.05 against the US dollar in early trade on Friday as foreign investors rushed to withdraw funds amid a sharp rise in crude oil prices.

  • January 12, 2024 10:06

    Share Market Live Updates: Tata Consumer Products hit 52-week high at 1,161.75; Currently trades at ₹1,136.90

  • January 12, 2024 10:06

    Stock Market Today: HDFC AMC sees good quarter; Retain Buy: Prabhudas Lilladher

    Prabhudas Lilladher on HDFC AMC:

    We upgrade core earnings for by 10.5%/15.1% led by strong equity MAAuM growth in FY24 YTD (+46% for HDFC AMC vs +37% for industry). The company saw a good quarter yet again. QAAuM was a bit lower; revenue was in-line suggesting tad better realization at 48.7bps (49bps in Q2’24). Change in TER slabs for 61% of active equity was offset by increase in equity mix by 2.9% QoQ and fall in debt/liquid, protecting blended yields. Equity performance within 1-yr and 3-yr buckets remains best-in-class which has resulted in strong net flows’ market share of 23% over Apr-Nov’23 (vs 8.6% in FY23). Hence equity market share at 12.6% further expanded (+26bps QoQ). Over FY23-26E we see core PAT CAGR of 18.0% (earlier 12.5%). Stock is trading at 34.4x; rolling forward to FY26E core EPS we raise multiple to 39x from 35x (5yr avg. of 40x) since HDFC AMC should continue to deliver better than industry equity returns. Our TP rises to ₹3,900 from ₹3,000. Retain BUY

  • January 12, 2024 10:01

    Share Market Live Updates: RateGain Travel Tech stock rises after appointing Gomti Shankar

    RateGain Travel Technologies has announced the appointment of Gomti Shankar as its Commercial Leader for the Asia Pacific, Middle East, and Africa Region’. 

    The stock trades at ₹738.15 on the BSE, up by 1.95%.

  • January 12, 2024 10:00

    Stock Market Live Updates: Nykaa sells over 2.6 cr shares of FSN E-Commerce Ventures for ₹493 cr

    Our Bureau/Mumbai 

    Over 2.6 crore shares or just under 1 per cent of FSN E-Commerce Ventures changes hands on the BSE in early trades for a value of Rs 493 crore. 

    The seller was Lexdale International which was to pare stake in the company, which operates beauty and fashion retailer Nykaa. The deal on the block deal window of the exchange was done at Rs 189.65. 

    In the quarter to December, the company had said that it expected consolidated sales of its business to have grown at low to mid teens. 

    The gross merchandise value (GMV) of its beauty and personal care business is expected to have grown in the mid-20s and the net sales value (NSV) around 20 per cent. It added that while the overall consumption story was strong in the economy, there was some impact on discretionary consumption due to short term pressures.

    “The difference in GMV and NSV growth is primarily due to brand-led pricing and discounting, mainly in mass and masstige categories. The underlying order volume growth is healthy and consistent, reflecting strong customer demand,” it had said. 

    Shares of Nykaa have risen around 10 per cent so far this year. At 9.50 am it was down 1.3 per cent at Rs 191.20 on the NSE.

  • January 12, 2024 09:48

    Stock Market Live Updates: JM Financial on Asset Management Industry

    JM Financial on Asset Management Industry:

    Equity MF schemes (ex-arbitrage) inflows surged in Dec’23 to ₹215bn (vs. ₹198bn in Nov’23). Within equity, the inflows continue to be driven by small cap schemes (inflows of ₹38.6bn), while inflows in midcap schemes moderated (to ₹14bn) in Dec’23. Arbitrage funds saw net inflows of INR 106bn (vs net inflows of ₹94bn in Nov’23). SIP flows reached INR 176.1bn (vs ₹170.7bn in Nov’23) and SIP AUM increased to ₹9.9trn (+48% YoY, +7% MoM). Net new SIPs registered (new SIPs registered minus SIPs discontinued) stood at 1.95mn in Dec’23 (vs 1.41mn in Nov’23). Debt MF (ex-liquid) schemes witnessed net outflows of ₹205bn (vs outflows of ₹56bn in Nov’23); while liquid MF scheme net outflows were at ₹529bn (vs net outflows of ₹3bn in Nov’23). Total industry MF AUM reached ₹50.8trn (+27% YoY, +4% MoM) while equity MF AUM increased to ₹28.9trn (+40% YoY, +7% MoM). As of Dec’23, equity MF schemes contributed 56.5% (+483bps YoY) of total industry AUM while debt and liquid schemes contributed 17.5% (-164bps YoY) and 13.1% (-284bps YoY), respectively. For the AMCs under our coverage, equity AUM market share for HDFC AMC and NAM witnessed an improvement to 12.82% (+82bps YoY, +12bps MoM) and 6.79% (+45bps YoY, +5bps MoM) resp., while market share for UTI AMC stood at 4.14% (-48bps YoY, -4bps MoM).

  • January 12, 2024 09:42

    Stock Market Today: Bhansali Engineering stock rises after getting environmental clearance for a plant

    Bhansali Engineering Polymers stock rose 2.74% on the BSE, trading at ₹114.30. The company had received, under the provisions of the EIA Notification 2006, Environmental Clearance from the State Level Environment Impact Assessment Authority, Rajasthan for expansion of acrylonitrile butadiene styreneResin up to 2,00,000 TPA and saleable SAN (Styrene Acrylonitrile) Resin upto 25000 TPA (Total 225000 TPA) for Company’s plant at Ambaji Industrial Area.

  • January 12, 2024 09:40

    Market Update: Sensex gains 296 pts; Nifty above 21,700

    The BSE Sensex gained 296.25 pts or 0.41% to 72,017.43. The NSE Nifty rose 75.80 pts or 0.35% to 21,723.00.

  • January 12, 2024 09:34

    Market Update: Major gainers and losers

    Major gainers on the NSE at 9:30 am:

    Infosys (6.18%); Tech Mahindra (3.70%); Wipro (3.65%); Tata Consumers (3.30%); TCS (3.14%) 

    Major losers:

    M&M (-1.30%); Bharti Airtel (-1.01%); Power Grid (-0.87%); Reliance (-0.85%); Nestle India (-0.82%)

  • January 12, 2024 09:25

    Stock Market Live Today: OPENING BELL: Sensex and Nifty start strong, IT sector grabs attention

    On Friday, India’s key indices, Sensex and Nifty, commenced the day positively, with a focus on information technology stocks after TCS and Infosys reported restrained client spending. The 30-share BSE Sensex advanced by 268.22 points to reach 71,989.40 in early trading, while the NSE Nifty saw a gain of 97.05 points, reaching 21,744.25. 

    Aditya Gaggar, Director of Progressive Shares, notes Nifty’s flat closure at 21,647.20, emphasizing a potential bullish flag pattern within the 21,470-21,800 range. Confidence in the auto, energy, and power sectors, including Hero Motocorp and heavyweight Reliance, persists. Bullish sentiments extend to IDFC First Bank and J&K Bank in banking. Pharma shows strength with IPCA Labs breakout, and promising stocks include Aarti Industries, BHEL, Dixon Technologies, Engineers India, JIO Fin, and JSW Energy.

    Wall Street saw minimal changes after higher-than-expected CPI data, and Asian equities showed marginal gains. IT firms, dependent on U.S. revenue, face uncertainty amid persistent inflation and recession fears. Nifty and Sensex, down 0.29% and 0.42% this week, may see a second consecutive weekly decline post a robust two-month rally. Investors await domestic inflation data, crucial for RBI’s rate decisions, especially in inflation-sensitive sectors.

  • January 12, 2024 09:24

    Stock Market Live Today: Deepak Jasani, Head of Retail Research, HDFC Securities on today’s market outlook

    Indian markets could open flat to mildly higher, in line with mixed and range-bound Asian markets today and flat US markets on Jan 11

    US stocks ended near unchanged Thursday, in a session that saw the S&P 500 briefly trade above its record close from around two years ago before slumping. U.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs of labor market strength dampened hopes for early interest rate cuts by the Federal Reserve this year. The U.S. federal budget deficit widened to $129 billion in December, up from $85 billion in the same month last year, the Treasury Department said Thursday. For the first three months of the fiscal year, the deficit widened to $510 billion, up from $421 billion in the same period last year.

  • January 12, 2024 09:23

    Stock Market Live Today: Pre-market comment by Deven Mehata, Research Analyst, Choice Broking

    On Friday, India’s key indices, Sensex and Nifty, commenced the day positively, with a focus on information technology stocks after TCS and Infosys reported restrained client spending. The 30-share BSE Sensex advanced by 268.22 points to reach 71,989.40 in early trading, while the NSE Nifty saw a gain of 97.05 points, reaching 21,744.25. Aditya Gaggar, Director of Progressive Shares, notes Nifty’s flat closure at 21,647.20, emphasizing a potential bullish flag pattern within the 21,470-21,800 range. Confidence in the auto, energy, and power sectors, including Hero Motocorp and heavyweight Reliance, persists. Bullish sentiments extend to IDFC First Bank and J&K Bank in banking. Pharma shows strength with IPCA Labs breakout, and promising stocks include Aarti Industries, BHEL, Dixon Technologies, Engineers India, JIO Fin, and JSW Energy. Wall Street saw minimal changes after higher-than-expected CPI data, and Asian equities showed marginal gains. IT firms, dependent on U.S. revenue, face uncertainty amid persistent inflation and recession fears. Nifty and Sensex, down 0.29% and 0.42% this week, may see a second consecutive weekly decline post a robust two-month rally. Investors await domestic inflation data, crucial for RBI’s rate decisions, especially in inflation-sensitive sectors.

  • January 12, 2024 09:23

    Stock Market Live Today: HMA Agro Industries partners with Maharashtra Food Processing & Cold Storage for halal buffalo meat processing

    HMA Agro Industries has entered into an agreement with Maharashtra Food Processing & Cold Storage, a Partnership Firm for providing facilities of Slaughtering, Chilling, Processing, Freezing and Packing of frozen halal boneless buffalo meat duly packed in food-grade polythene bags.

  • January 12, 2024 09:22

    Stock Market Live Today: Prabhudas Lilladher on Nitfy forecast

    Nifty has witnessed resistance zone near 21700-21750 levels and has seen some rangebound movement between the 21750 and 21450 zone for quite some time and would need a decisive breach on either side of the band to confirm a directional move in the coming days. The index has indicated a rising channel pattern on the daily chart with support now maintained near 21500 level and upside potential of 21100 levels visible once a decisive breach above 21800 zone is confirmed. The support for the day is seen at 21500 while the resistance is seen at 21800 levels. 

    BankNifty once again has been moving sideways with resistance visible near 47650 zone for the session and on the downside 47000 level is maintained as the crucial support zone. The index would need a decisive breach above the 48000–48200 zone decisively for confirmation of further fresh upward move. BankNifty would have a daily range of 47100–47800 levels.

  • January 12, 2024 09:21

    Stock Market Live Today: Crude oil futures surge on US-led forces’ Yemen military action

    Crude oil futures traded higher on Friday morning as the US-led forces attacked the military targets of the Houthis in Yemen on Thursday. At 9.16 am on Friday, March Brent oil futures were at $78.85, up by 1.86 per cent; and February crude oil futures on WTI (West Texas Intermediate) were at $73.47, up by 2.01 per cent. January crude oil futures were trading at ₹6105 on Multi Commodity Exchange (MCX) in the initial trading hour of Friday morning against the previous close of ₹6006, up by 1.65 per cent; and February futures were trading at ₹6141 as against the previous close of ₹6035, up by 1.76 per cent.

  • January 12, 2024 09:21

    Stock Market Live Today: Market snapshot by Motilal Oswal Financial Services

    Health insurance has emerged as the largest segment in the Indian general insurance industry, with premiums of INR907b/INR736b in FY23/ FY22. During FY19-FY23, the industry posted a 19% CAGR. However, notwithstanding such robust growth, we observe that only 4% of the population is covered under retail health insurance plan. 

    Standalone health insurance companies (SAHIs) had an enviable 55% market share in retail health for 1HFY24 that surged from 39% in FY19. The inherent strengths in the business model – such as: 1) advantage in hiring of agents, 2) product innovation, 3) association with hospitals and 4) strong management focus – will ensure strengthening of their leadership position. From a profitability perspective, claim ratios would normalize as price hikes would offset medical inflation. 

    We expect STARHEAL to report a strong 19% premium CAGR over FY23-26E driven by a 20% price hike, a strong push in the banca channel, sustained growth in specialized products, and deepening presence. We project the combined ratio to improve to 94.1% in FY26 from 95.3% in FY23. These should result in a PAT CAGR of 32% over FY23-26E and an RoE improvement to 15.4% in FY26 from 11% in FY23. Reiterate BUY with a one-year TP of INR730 (based on 30x FY26E EPS).

  • January 12, 2024 09:20

    Stock Market Live Today: 2.6 crore shares of FSN E-Commerce Ventures change hands on the BSE at Rs 189.65

  • January 12, 2024 09:12

    Stock Market Live Today: Market Outlook by Aditya Gaggar: Nifty at 21,647.20, Eyes Bullish Flag Pattern Breakout

    Aditya Gaggar, Director of Progressive Shares

    The markets settled the weekly expiry day on a flat note at 21,647.20. In a well-defined range of 21,470-21,800, it appears that the Index is forming a Bullish Flag pattern and one can expect a sharp uptick after the pattern breakout. As mentioned yesterday, the Auto sector performed on expected lines which boosted our confidence to remain bullish on the same (Hero Motocorp). The same remarks go for the Energy and Power stocks particularly heavyweight Reliance and NLC India/PTC India. From the Banking segment, the technical set-up of a couple of stocks is impressive namely IDFC First Bank and J&K Bank. The direction of the IT space will depend on how the market participants decode the Q3 earnings of giant Infosys and TCS. From the Pharma sector, IPCA Labs looks strong as it has given a breakout from an Inverted Head and Shoulder formation. Some stocks look strong namely Aarti Industries, BHEL, Dixon Technologies, Engineers India, JIO Fin, and JSW Energy.

  • January 12, 2024 09:11

    Stock Market Live Today: Polycab faces investor scepticism after income-tax findings; analysts unconvinced

    Income-tax findings on an “unnamed” company perceived to be Polycab Industries and the company’s clarification failed to convince analysts. The Polycab stock corrected 21 per cent to ₹3,905 on Thursday because of a Ministry of Finance release suggesting tax evasion by the group.

    While retaining the “Add” rating on the stock, Axis Capital cut the target price to ₹4,300 from its previous target of ₹5,809.

  • January 12, 2024 08:59

    Commodities Market Live Today: Gold gains on dollar dip, safe-haven appeal

    Gold prices rose on Friday, supported by a softer dollar and escalating Middle East conflict lifting safe-haven appeal, but were set for a second weekly fall as traders reassessed hopes for early interest rate cuts in the United States. 

    FUNDAMENTALS * Spot gold was up 0.3% at $2,034.06 per ounce. However, it has fallen 0.6% so far in the week.

    * U.S. gold futures rose nearly 1% to $2,038.40. - Reuters 

  • January 12, 2024 08:50

    Stock Market Live Today: Stocks to Watch Out for on January 12

    Bhansali Engineering: Company gets environmental clearance for expansion of ABS resin up to 200000 TPA 

    Infosys: Company to acquire Insemi for Rs 280 cr. FY24 revenue growth guidance is at 1.5-2% Vs poll of 1-2% 

    TCS: Management said that strong deal momentum across markets resulting in a solid order book providing visibility into our long-term growth. 

    Sundram Fasteners: Company signs MoU with Tamil Nadu Govt for investment of ₹1,411 cr 

    Tata Power: Company signs accord for renewable energy projects of Rs 70000 crore with Gujarat government

    Quess Corp: Company signs MoU with Gujarat Technical University for skill development, employment generation 

    TARC: Company launches luxury residential project in New Delhi with GDV of Rs 4,000 crore 

    HG Infra: Company declared L-1 bidder for project worth Rs 716 crore by Central Railway 

    Oil upstream stocks: Oil jumps as US and UK launch airstrikes on Houthis in Yemen 

    Bajel Projects: Company has received a LOI worth Rs 487.64 crore for supply of plant and installation services GIS substations project in Uttar Pradesh. 

    Shalby: Arm Shalby Academy signs MoU with Kaushalya, the Skill University of Gujarat Government.

    GHCL Textiles: Company signed a MoU with Tamil Nadu Government to invest Rs 535 crore 

    Bharat Wire Ropes: Brinker Capital Destinations Trust bought 4.15 lakh shares 

    KPI Green Energy: Company received an order for 2 MW solar power plant from Sanwariya Processors 

    Tata Metaliks: The National Company Law Tribunal, Mumbai sanctioned the merger of Tata Metaliks with Tata Steel. 

    IOB: Bank hikes lending rates on most tenures by 5-10 bps effective January 15, 2023.

    Polycab Company reiterates that as on date, the company has not received any written communication from the IncomeTax Department regarding the outcome of the search

    Container Corp: Exim volumes up 8.25% & domestic volumes down 1.25% YoY 

    Infosys Q3: Net Profit at Rs 6106 crore versus poll of Rs 6043 crore, Rupee Revenue at Rs 38821 crore versus poll of Rs 38555 crore

    TCS Q3: Net Profit at Rs 11058 crore versus poll of Rs 11345 crore, Rupee Revenue at Rs 60583 crore versus poll of Rs 59950 crore

    UltraTech Cement: Company to acquire 26% stake in Amplus Ages for Rs 49 cr 

    Mahindra & Mahindra: Company’s stake in Sustainable Energy Infra Trust diluted to 10.5% from 15.7% earlier. 

    Strides Pharma: Company’s step-down subsidiary agrees to sell 100% stake in Eris Pharma for €200,000 

    NYKAA: Lexdale International to sell shares via block. Block deal for 2.62 crore shares launched. Total block deal value at Rs 490 crores 

    Bank Baroda: RBI waives off penalty worth Rs 5 crore. 

    Polycab India: Small Cap World Fund Inc sold 8.51 lakh shares (0.56%) at Rs 3,955.87 apiece 

    LIC: Company gets demand orders worth Rs 3,528.75 crore form Income Tax Authorities, Mumbai.

  • January 12, 2024 08:41

    Stock Market Live Today: Q3FY24 Important Result Calendar

    12 January 2024 (Today)

    Derivative Segment 

    • HCL Technologies Ltd. 

    • HDFC Life Insurance Co Ltd. 

    • Wipro Ltd. 

    Cash Segment 

    • Just Dial Ltd. 

    13 January 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Avenue Supermarts Ltd. 

    15 January 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Angel One Ltd. 

    • PCBL Ltd. 

    16 January 2024 

    Derivative Segment 

    • HDFC Bank Ltd. 

    • ICICI Lombard General Ins Co 

    • L&T Technology Services Ltd. 

    • The Federal Bank Ltd. 

    Cash Segment 

    • CE Info Systems Ltd. 

    • ICICI Securities Ltd. 

    • Jindal Saw Ltd. 

    • Bank Of Maharashtra 

    • Network 18 Media & Inv Ltd. 

    • TV18 Broadcast Ltd. 

    17 January 2024 

    Derivative Segment 

    • Asian Paints Ltd. 

    • ICICI Prudential Life Ins Co Ltd. 

    • LTIMindtree Ltd. 

    • Oracle Financial Serv Software 

    Cash Segment 

    • Happiest Minds Tech Ltd. 

    • Alok Industries Ltd. 

    • IIFL Finance Ltd. 

    18 January 2024 

    Derivative Segment 

    • Polycab India Ltd. 

    • Tata Communications Ltd. 

    • IndusInd Bank Ltd. 

    Cash Segment 

    • 360 One Wam Ltd. 

    • Poonawalla Fincorp Ltd. 

    • Mastek Ltd. 

    • Supreme Petrochem Ltd. 

    • Shoppers Stop Ltd. 

    • Finolex Industries Ltd. 

    • Home First Fin Co India Ltd. 

    19 January 2024 

    Derivative Segment 

    • Atul Ltd. 

    • Ultratech Cement Ltd. 

    • Hindustan Unilever Ltd. 

    Cash Segment 

    • CreditAccess Grameen Ltd. 

    • One97 Communications Ltd. 

    • Supreme Industries Ltd. 

    • Hatsun Agro Product Ltd. 

    • CESC Ltd. 

    • Tejas Networks Ltd. 

    20 January 2024 

    Derivative Segment 

    • ICICI Bank Ltd. 

    • JK Cement Ltd. 

    • Persistent Systems Ltd. 

    • IDFC First Bank Ltd. 

    • Kotak Mahindra Bank Ltd. 

    • Can Fin Homes Ltd. 

    Cash Segment 

    • The Jammu & Kashmir Bank Ltd. 

    • Union Bank Of India 

    22 January 2024 

    Derivative Segment 

    • Coforge Ltd. 

    • Colgate-Palmolive (India) Ltd. 

    Cash Segment 

    • Zensar Technologies Ltd. 

    23 January 2024 

    Derivative Segment 

    • Axis Bank Ltd. 

    • Indus Towers Ltd. 

    • Pidilite Industries Ltd. 

    • Granules India Ltd. 

    • United Spirits Ltd. 

    Cash Segment 

    • Gujarat State Fert & Chem Ltd. 

    • Tanla Platforms Ltd. 

    • Sona BLW Precision Forgings 

    24 January 2024 

    Derivative Segment 

    • Bajaj Auto Ltd. 

    • Container Corp Of India Ltd. 

    • Exide Industries Ltd. 

    • Tech Mahindra Ltd. 

    • TVS Motor Company Ltd. 

    Cash Segment 

    • Blue Dart Express Ltd. 

    • Ceat Ltd. 

    25 January 2024 

    Derivative Segment 

    • Cholamandalam Inv and Fin Co 

    • Cipla Ltd. 

    • JSW Steel Ltd. 

    • Syngene International Ltd. 

    • Shriram Finance Ltd. 

    Cash Segment 

    • Cyient Ltd. 

    • Maharashtra Scooters Ltd. 

    • Intellect Design Arena Ltd. 

    • Equitas Small Fin Bank Ltd. 

    27 January 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Capri Global Capital Ltd. 

    • Craftsman Automation Ltd. 

    • Yes Bank Ltd. 

    29 January 2024 

    Derivative Segment 

    • Bajaj Finance Ltd. 

    • Bharat Electronics Ltd. 

    • Petronet LNG Ltd. 

    • Marico Ltd. 

    Cash Segment 

    • CSB Bank Ltd. 

    • Latent View Analytics Ltd. 

    • Nippon Life India AMC Ltd 

    • UTI AMC Ltd 

    30 January 2024 

    Derivative Segment 

    • Bajaj Finserv Ltd. 

    • Dr. Reddy’s Laboratories Ltd. 

    • M&M Financial Services Ltd. 

    Cash Segment 

    • Bajaj Holdings & Investment Ltd. 

    • Blue Star Ltd. 

    • KPIT Technologies Ltd. 

    • Star Health & Allied Ins Co Ltd. 

    • Vaibhav Global Ltd. 

    • Apar Industries Ltd. 

    31 January 2024 

    Derivative Segment 

    • Dabur India Ltd. 

    • IDFC Ltd. 

    • Jubilant FoodWorks Ltd. 

    • Shree Cement Ltd. 

    • Godrej Consumer Products 

    Cash Segment 

    • Amara Raja Energy & Mobility 

    • Motherson Sumi Wiring India Ltd. 

    • Kalyan Jewellers India Ltd. 

    01 February 2024 

    Derivative Segment 

    • Mphasis Ltd. 

    • Titan Company Ltd. 

    Cash Segment 

    • Castrol India Ltd. 

    • Sumitomo Chemical India Ltd. 

    • V-Guard Industries Ltd. 

    • Tube Investments of India Ltd. 

    02 February 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Alkyl Amines Chemicals Ltd. 

    • Bikaji Foods International Ltd. 

    • Mahindra Holidays & Resorts 

    • Mahindra Lifespace Dev Ltd. 

    • Medplus Health Services Ltd. 

    05 February 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Kansai Nerolac Paints Ltd. 

    • Cholamandalam Fin Hldgs 

    06 February 2024 

    Derivative Segment 

    • Max Financial Services Ltd. 

    • Navin Fluorine International Ltd. 

    Cash Segment 

    • Endurance Technologies Ltd. 

    • TTK Prestige Ltd. 

    • Computer Age Mgmt Serv Ltd. 

    07 February 2024 

    Derivative Segment 

    • Nestle India Ltd. 

    08 February 2024 

    Derivative Segment 

    • Biocon Ltd. 

    Cash Segment 

    • Esab India Ltd. 

    09 February 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Emami Ltd. 

    12 February 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • BASF India Ltd. 

    • Glaxosmithkline Pharma Ltd. 

    • HEG Ltd. 

    • Lakshmi Machine Works Ltd. 

    13 February 2024 

    Derivative Segment 

    • Bosch Ltd. 

    • Hindalco Industries Ltd. 

    14 February 2024 

    Derivative Segment 

    • Crompton Greaves Cons Ele Ltd 

    Cash Segment 

    • Gland Pharma Ltd. 

    20 February 2024 

    Derivative Segment 

    • ABB India Ltd. 

    23 February 2024 

    Derivative Segment 

    Nil 

    Cash Segment 

    • Rain Industries Ltd

  • January 12, 2024 08:40

    Stock Market Live Today: TCS and Infosys Q3 earnings by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

    TCS

    “TCS’ Q3 earnings and margins beat street estimates. We were expecting a flattish revenue growth in rupee terms while the company reported earnings that came above the expectations. The best thing is despite a seasonally weak quarter with macro-economic headwinds, TCS performed very well on most earnings parameters. Technically, TCS stock can cross its resistance above 3800 and stay above this level with an optimistic view for the short term.”

    Infosys

    “Infosys third quarter earnings came in line with street estimates, as December quarter is seasonally weak for the information technology sector. Infosys has revised and tightened its FY24 revenue guidance to 1.5-2.0% and operating margin guidance at 20-22%. December usually being a seasonally weak quarter with macro-economic headwinds INFY remained neutral. Technically, the expectation is being discounted in the price at Rs 1517, hence we expect a neutral opening on Friday with limited downside from here. We expect Rs 1500 to remain as support and expect to stay above this. Upside can be in the range of 1540-1560 in coming days.”

  • January 12, 2024 08:40

    Stock Market Live Today: Tata Consultancy Services Ltd. (TCS) Q3FY24 Result First Cut – Resilient performance amidst market challenges

    Dhruv Mudaraddi, Research Analyst, Stoxbox

    Revenue rose 1.5% QoQ /4% YoY in rupee terms to Rs. 60,583 crores, exceeding the market estimates of Rs. 60,104 crores. This growth can be attributed to strong growth in the emerging markets led by India (+23.4%) and the Energy & Utilities vertical (11.8%).

    # EBIT grew 4.6% QoQ and 6.1% YoY to Rs. 15,155 crores, above market expectations of Rs. 14,776 crores. The EBIT margin expanded to 25% (up 75 bps QoQ /up 48 bps YoY) on the easing of supply-side constraints, operating leverage, and currency exchange benefits.

    # Net income stood at Rs. 11,058 crores (down -2.5% QoQ /up 2% YoY), below market estimates of Rs. 11497 crores. The PAT margin contracted to 18.3% (down 75 bps QoQ / down 37 bps YoY).

    # LTM attrition trended downwards to 13.3% in Q3FY24 compared to 14.9% in Q2FY24.

    # Order book recorded for Q3FY24 stood at $8.1 billion, with a book to bill ratio of 1.1.

    # The board of directors has recommended a dividend of Rs. 27 per equity share, including a special dividend of Rs. 18.

    # Net cash from operations at Rs 11,276 which is 102% of net profit.

    # TCS reported a workforce of 603,305 employees as on December 31, 2023.

    View:

    In Q3FY24, TCS showed tepid revenue growth, attributed to subdued expansion due to ongoing challenges in discretionary spending and furloughs. However, this downturn is expected to be partially offset by the positive impact of previously secured deals that are now in the ramp-up phase. Margins underwent a slight QoQ expansion, driven by the alleviation of supply-side constraints and operational leverage. The sustained momentum in deal wins, particularly fueled by cost optimization initiatives, is expected to contribute positively. Examining the vertical performance, notable growth was led by the Energy, Resources, and Utilities sector, followed by Manufacturing and Life Sciences and Healthcare. Contrastingly, the Consumer Business Group, BFSI, Communications & Media, and Technology & Services faced challenges. Regionally, the United Kingdom demonstrated significant growth, while North America experienced a decline. India led the emerging markets with robust growth. Within services, TCS’s strategic focus on AI.Cloud, Cyber Security, and Cognitive Business Operations has driven growth. The demand for migration, modernization, and business transformation on cloud platforms, coupled with increased data on the cloud and Gen AI, has fueled the success of AI.Cloud. Strong growth in Cyber Security services across various industry verticals and the sustained demand for Cognitive Business Operations underline TCS’s adaptability to evolving client needs. The company’s continued investments, strategic partnerships, and innovation efforts are poised to strengthen its position and foster sustained growth in the foreseeable future. We will be keeping a close eye on management guidance for future performance and their outlook on the demand scenario in North America and signs of recovery in discretionary projects.

  • January 12, 2024 08:39

    Stock Market Live Today: Infosys Ltd. Q2FY24 Result First Cut – Focused on operational efficiency; Revenue guidance trimmed

    Dhruv Mudaraddi, Research Analyst, StoxBox

    # Reported revenue declined 0.4% QoQ / up 1.3% YoY in rupee terms to Rs. 38,821 crores, beating market estimates of Rs. 38,694 crores owing to a challenging quarter primarily influenced by sustained weak demand, absence of certain one-time sales and the impact of furloughs.

    # EBIT slumped 7.1% QoQ and 8.2% YoY to Rs. 8,274 crores, however beating market expectations of Rs. 7,934. The EBIT margin also contracted to 21.3% (down 153 bps QoQ / down 220 bps YoY) attributed to the impact of two months of wage hikes in the quarter and the absence of one-time sales in 2Q.

    # Net income stood at Rs. 6,113 crores (down 1.6% QoQ / down 7.2% YoY), marginally below market estimates of Rs. 6,160 crores. The PAT margin inched down to 15.7% (down 19 bps QoQ / down 144 bps YoY).

    # LTM attrition followed broader trends and declined 170bps to 12.9% in Q3FY24.

    # Order book recorded for Q3FY24 stood at $3.2 billion with 71% of this as net new deals.

    # The company is in the process of acquiring InSemi, a leading semiconductor design service provider, for Rs. 280 crores.

    # Infosys reported a headcount of 322,663 employees as on December 31, 2023, with a net reduction of 6,101 employees in Q3FY24. Utilization ex-trainee improved by 90 bps QoQ to 82.7%.

    View:

    In Q3FY24, Infosys indicates a marginal decline in revenue QoQ, impacted by a challenging environment characterized by sustained weak demand, the absence of certain one-time sales, and the impact of furloughs. The absence of mega deals has slowed deal momentum during the quarter. Furthermore, a sequential decrease in EBIT margins can be attributed to the impact of two months of wage hikes and the absence of one-time sales observed in Q2FY24. Despite the challenging environment, Infosys showcased its execution capabilities, with operational efficiencies realized under ‘Project Maximus.’ Cash generation remained robust, with Free cash flow to net profit conversion for Q3 at 90.6%. The company reduced its FY24 revenue guidance to 1.5%-2.0% and retained the operating margin guidance at 20%-22%. Infosys’ strategic focus on generative AI, digital, cloud, cost efficiency, and automation positions the company for long-term value creation and market leadership. We will be keeping a close eye on the management guidance regarding the demand outlook in the BFSI and Hi-Tech verticals that are currently facing pressure, feedback on clients’ CY24 budgets, deal ramp-up visibility, and the strategies in place to manage margins effectively.

  • January 12, 2024 08:39

    Stock Market Live Today: Merger Update-Record Date on Monday

    Tata Consumer Products Ltd (Transferee Company)

    Symbol : TATACONSUM

    Stock Price : 1119.70

    Tata Coffee Ltd (Transferor Company)

    Symbol : TATACOFFEE

    Stock Price : 332.90

    Last date of trading of Tata Coffee : 12/01/2024 (Today)

    Record date: 15/01/2024

    Ratio : 3:10 (For every 10 shares held in Tata Coffee, 3 shares of Tata Consumer Products will be given).

  • January 12, 2024 08:38

    Stock Market Live Today: Margins should bottom out in FY24, reiterate BUY: Motilal Oswal FInancial

    - INFO reported strong 3QFY24 revenue of USD4.66b, down 1.0% QoQ in CC terms, better than our estimated decline of 1.7% QoQ CC. The large deal TCV momentum remained intact at USD3.2b (down 3% YoY, net new at 71%). The management sees strong traction in the large deal pipeline, despite an adverse demand environment.

    - Weakness was visible in parts of Financial, Comm, Retail and Hi-Tech, partially compensated by better demand in Manufacturing, ENU and Life Sciences. The company narrowed its FY24 revenue growth guidance band to 1.5%-2.0% YoY CC from 1.0%-2.5% YoY CC earlier, effectively keeping the mid-point unchanged.

    - EBIT margin declined 70bp QoQ to 20.5%, marginally ahead of our estimate. Profitability was aided by a lower-than-expected wage hike impact of 70bp, partially due to another reduction in workforce (-6.1k, down 190bp QoQ). This was further helped by continued moderation in attrition (12.9% in 3Q) and improved utilization at 82.7%. We expect the company to deliver a stable margin in Q4, resulting in 20.8% EBIT margin in FY24, near the mid-point of its 20%-22% EBIT margin guidance.

    Valuation and view

    - INFO narrowed its FY24 revenue growth guidance while keeping the mid-point unchanged, leading to a muted 2HFY24E. Despite multiple guidance revisions, it has maintained its margin guidance, which is encouraging.

    - We expect FY24 revenue growth to be at 1.9% CC QoQ, near to the upper band of the guidance.

    - Despite near-term weakness, we expect INFO to be a key beneficiary of the acceleration in IT spending in the medium term. Based on our revised estimates, the stock is currently trading at 19x FY26E EPS. We value the stock at 22x FY26E EPS, implying a TP of INR1,750.

  • January 12, 2024 08:38

    Stock Market Live Today: TCS: 3Q beats estimates despite demand constraints - Motilal Oswal Financial

    (TCS IN, Mkt Cap USD164.6b, CMP INR3736, TP INR4250, 14% Upside, Buy)

    No change in spending commentary; reiterate BUY

    - TCS reported revenue of USD7.28b in 3QFY24, up 1.0% QoQ in constant currency (CC) terms and 140bp above our estimates despite a weak demand environment and seasonal weakness. The growth was aided by strong India performance (up 26% QoQ, partially aided by BSNL deal execution). TCS reported deal wins of USD8.1b (down 28% QoQ but up 3% YoY, book-to-bill ratio at 1.1x), in line with our expectations.

    Valuation and view

    - Given its size, order book and exposure to long-duration orders and portfolio, TCS is well positioned to withstand the weakening macro environment and ride on the anticipated industry growth.

    - Owing to its steadfast market leadership position and best-in-class execution, the company has been able to maintain its industry-leading margin and demonstrate superior return ratios.

    - We maintain our positive stance on TCS. Our TP of INR4,250 implies 25x FY26E EPS, with a 14% upside potential. We reiterate our BUY rating

  • January 12, 2024 08:37

    Stock Market Live Today: Stock Recommendations: Infosys Review

    Nomura 

    Neutral, TP Rs 1500 

    Good execution & net new deal wins 

    No signs of discretionary demand revival 

    Strong execution in 3QFY24; tightens FY24F rev growth guidance band 

    Project Maximus bears fruit on margins front 

    Bernstein 

    O-P, TP Rs 1740 

    This qtr was less about results but set up for FY25 

    Came out +ve on a rev beat (30 bps), inline margins (20.5%) & large deals ($3.2 Bn, 71% Net New). 

    Expect 3QFY24 to be close to bottom 

    Jefferies 

    Buy, TP Rs 1740 

    3Q growth & margins beat est. 

    Net new order book of $2.2bn impressive. 

    Co Revised growth guidance of 1.5-2.0% YoYcc 

    Raise est. by upto 2% to factor beat 

    Strong deal wins provide comfort on expectation of 13% EPS CAGR over FY24-26E

  • January 12, 2024 08:37

    Stock Market Live Today: Stock Recommendations: HSBC on INFY & TCS

    3Q started with a bit of positivity as both reported slight topline beat with decent deal wins 

    TCS outperformed on margins, while INFY was in line with expectations; demand commentaries were noncommittal 

    TCS –Hold, TP Rs 3630 

    INFY–Buy, TP Rs 1620

  • January 12, 2024 08:36

    Stock Market Live Today: Stock Recommendations: GS on Zomato

    Buy, TP raised to Rs 160 from Rs 130 

    Raise FY24E-FY30E net income est. by up to 6% 

    Forecast a 30% FY24E-27E adjusted rev CAGR 

    Forecast online grocery & food delivery to be amongst largest TAMs within India internet, growing at 29% & 20% FY24E-30E CAGRs, respectively

  • January 12, 2024 08:36

    Stock Market Live Today: Stock Recommendations: HDFC AMC Review

    HSBC 

    Hold, TP Raised to Rs 3410 

    Healthy operating performance in 3Q was supported by market share gains & strong industry tailwinds 

    However, as income yields over FY25-26e remain under pressure, EPS growth is likely to be slower than AUM growth 

    CLSA 

    U-P, TP Raised to Rs 3440 

    Strong net profit of Rs4.9bn in 3Q primarily driven by higher-than-expected other income 

    AUM growth of 26% YoY strong with equity & ETFs delivering 46%-54% YoY growth. 

    However, yield saw some compression (down 0.7bps QoQ)

  • January 12, 2024 08:35

    Stock Market Live Today: Stock Recommendations: TCS Review

    Bernstein 

    O-P, TP Rs 4170 

    Delivered a strong qtr with all-around beat on rev (90 bps) & margins (25%, up 70 bps QoQ, excluding legal costs) 

    Overall deal TCV moderated to $8.1 Bn but pipeline healthy 

    Well positioned in a macro uncertain environment 

    Nomura 

    Reduce, TP Rs 3160 

    Good execution in 3QFY24, deal wins weak 

    Demand pickup visibility remains low 

    Weak headcount addition persists, as attrition continues to moderate 

    Not many levers exist for significant margin expansion 

    Jefferies 

    Hold, TP Rs 4000 

    3Q broadly in line, however broad-based weakness continues, deal bookings were soft & sharp headcount decline suggest that demand recovery is not yet in sight 

    TCS’ 70bps margin expansion was key +ve surprise in 3Q

  • January 12, 2024 08:31

    Stock Market Live Today: Stocks that will see action today: January 12, 2024

    Buzzing Stocks: LIC, M&M, Wipro, HDFC Life Insurance, Nykaa, Omaxe, Bhansali Engg, HG Infra, KPI Energy, Tata Powre, Fortis Healthcare, GHCL Textiles, Conart Engineers, Reliance Home Finance, Anand Rathi Wealth, Bharat Bijlee, Aditya Birla Money, Den Networks, Just Dial, Tata Metaliks 

  • January 12, 2024 08:24

    Stock Market Live Today: Health Insurance: SAHIs-Securing the population - Motilal Oswal Financial

    - Health insurance has emerged as the largest segment in the Indian general insurance industry, with premiums of INR907b/INR736b in FY23/ FY22. During FY19-FY23, the industry posted a 19% CAGR. However, notwithstanding such robust growth, we observe that only 4% of the population is covered under retail health insurance plan.

    - Standalone health insurance companies (SAHIs) had an enviable 55% market share in retail health for 1HFY24 that surged from 39% in FY19. The inherent strengths in the business model - such as: 1) advantage in hiring of agents, 2) product innovation, 3) association with hospitals and 4) strong management focus - will ensure strengthening of their leadership position. From a profitability perspective, claim ratios would normalize as price hikes would offset medical inflation.

    - We expect STARHEAL to report a strong 19% premium CAGR over FY23-26E driven by a 20% price hike, a strong push in the banca channel, sustained growth in specialized products, and deepening presence. We project the combined ratio to improve to 94.1% in FY26 from 95.3% in FY23. These should result in a PAT CAGR of 32% over FY23-26E and an RoE improvement to 15.4% in FY26 from 11% in FY23. Reiterate BUY with a one-year TP of INR730 (based on 30x FY26E EPS)

  • January 12, 2024 08:24

    Stock Market Live Today: Fund Houses Recommendations 

    Bernstein on TCS: Maintain Outperform on Company, target price at Rs 4170/sh 

    MS on TCS: Upgrade to Overweight on Company, raise target price at Rs 4240/sh 

    Jefferies on TCS: Maintain Hold on Company, target price at Rs 4000/sh 

    Jefferies on Infosys: Maintain Buy on Company, target price at Rs 1740/sh 

    Bernstein on Infosys: Maintain Outperform on Company, target price at Rs 1740/sh 

    DAM on Infosys: Upgrade to Buy on Company, raise target price at Rs 1750/sh 

    Incred on Infosys: Upgrade to Add on Company, raise target price at Rs 1668/sh 

    Jefferies on Macrotech: Maintain Buy on Company, target price at Rs 1200/sh 

    HSBC on HDFC AMC: Maintain Hold on Company, raise target price at Rs 3410/sh 

    Citi on UPL: Maintain Buy on Company, target price at Rs 700/sh 

    Citi on SRF: Maintain Buy on Company, target price at Rs 2675/sh 

    Citi on PI Ind: Maintain Buy on Company, target price at Rs 4100/sh 

    Jefferies on Zomato: Maintain Buy on Company, raise target price at Rs 190/sh 

    Jefferies on Nykaa: Maintain Buy on Company, raise target price at Rs 230/sh 

    Jefferies on DMart: Maintain Hold on Company, raise target price at Rs 4200/sh 

    Citi on Oil and Gas Sector: Proffered Picks: GAIL, IGL and MGL 

    Citi on Consumption Sector: Proffered Picks: Godrej CP, Britannia and Tata Consumers 

    HSBC on Infosys: Maintain Buy on Company, cut target price at Rs 1620/sh 

    Kotak on Infosys: Maintain Buy on Company, cut target price at Rs 1800/sh 

    Nomura on Infosys: Maintain Neutral on Company, target price at Rs 1500/sh 

    HSBC on TCS: Maintain Hold on Company, raise target price at Rs 3640/sh 

    Nomura on TCS: Maintain Reduce on Company, target price at Rs 3160/sh 

    Citi on TCS: Maintain Sell on Company, target price at Rs 3515/sh 

    MS on HDFC AMC: Maintain Equal weight on Company, raise target price at Rs 3000/sh 

    Jefferies on Titan: Maintain Hold on Company, raise target price at Rs 3650/sh 

    Jefferies on Asian Paints: Maintain Underperform on Company, target price at Rs 2500/sh 

  • January 12, 2024 08:22

    Stock Market Live Today: Dividend Dates

    Sukhjit Starch & Chemicals Ltd.

    Dividend Per Share Rs.8

    Previous day Closing Price – Rs. 585.2

    Ex-Dividend 15 January 2024 (Monday)

    Last date for Cum-Dividend Today

  • January 12, 2024 08:15

    Stock Market Live Today: Researchbytes Analyst App’s Conference call Replay available in Various speeds

    https://play.google.com/store/apps/details?id=com.intelegain.rb

    Conference call Replay available in Various speeds !

    Researchbytes Events Update

    As of 08:10 AM Friday 12 January 2024

    Can set alert for them at www.researchbytes.com 

    2:00 PM 5paisacapital

    (Investor/Analyst Presentation)

    Weblink: http://tinyurl.com/2s43fhkn

    3:30 PM HDFC life Insur

    Dial: +91 22 6280 1406

    Weblink: http://tinyurl.com/yc3jfaev

    4:00 PM GTPL Hathway

    (Results, Investor/Analyst Presentation, Press Release )

    Dial: +91 22 6280 1325

    Weblink: http://tinyurl.com/5fmtmymd

    4:00 PM JTL Infra

    Dial: + 91 22 6280 1123

    Weblink: http://tinyurl.com/9xpeztaw

    4:30 PM Hi Tech Pipes Limited

    (Press Release )

    Dial: +91 22 6280 1342 

    7:00 PM Wipro

    Dial: +91 22 6280 1120

    Weblink: https://http://tinyurl.com/295mkf2b

    7:30 PM HCL Tech

    Dial: +91 22 7115 8020

    Weblink: http://tinyurl.com/4289968n

    HDFC AMC : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=292306

    Delta Corp : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=292305

    Jyoti CNC : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=292158

    Shera Energy : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=292159

    SHRI BALAJI VAL : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=292161

    JB Chem : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=291922

    Tarsons Product : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=291919

    Allcargo : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=291914

    Gati : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=

    CARE Ratings : (replay)

    https://www.researchbytes.com/webcast.aspx?WID=292166

    Results today …

    https://www.researchbytes.com/Default.aspx?cc=result

    Recent interviews …

    https://www.researchbytes.com/Default.aspx?cc=interview

    Replays available at www.researchbytes.com

  • January 12, 2024 08:14

    Stock Market Live Today: Bajel Projects secures Rs 487.64 crore LoI for GIS substations project in Uttar Pradesh

    Bajel Projects: Company has received a LOI worth Rs 487.64 crore for supply of plant and installation services GIS substations project in Uttar Pradesh.

  • January 12, 2024 08:13

    Stock Market Live Today: Shalby: Arm Shalby Academy signs MoU with Kaushalya, the Skill University of Gujarat Government

  • January 12, 2024 08:13

    Stock Market Live Today: Bharat Wire Ropes: Brinker Capital Destinations Trust bought 4.15 lakh shares

  • January 12, 2024 08:12

    Stock Market Live Today: The National Company Law Tribunal, Mumbai sanctioned the merger of Tata Metaliks with Tata Steel

  • January 12, 2024 08:12

    Stock Market Live Today: UltraTech Cement: Company to acquire 26% stake in Amplus Ages for Rs 49 cr

  • January 12, 2024 08:12

    Stock Market Live Today: Strides Pharma: Company’s step-down subsidiary agrees to sell 100% stake in Eris Pharma for €200,000

  • January 12, 2024 08:09

    Stock Market Live Today: Small Cap World Fund Inc sells 8.51 lakh Polycab India shares at Rs 3,955.87 each

    Polycab India: Small Cap World Fund Inc sold 8.51 lakh shares (0.56%) at Rs 3,955.87 apiece

  • January 12, 2024 07:41

    Stock Market Live Today: PMS schemes outperform Nifty in CY23

    The majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and Nifty 500 in the calendar year 2023 amid a rally in mid- and small-cap stocks. 87 per cent, or 277 of the 318 PMS schemes, were able to beat the returns generated by the benchmark in CY23, data from PMS Bazaar show. The 318 schemes collectively delivered average returns of 35.3 per cent, far higher than the 20.1 per cent delivered by the benchmark Nifty50.

  • January 12, 2024 07:37

    Stock Recommendations: Anand Rathi - IKIO Lighting (BUY)

    Incorporated in 2016, IKIO Lightning is an Indian manufacturer of light emitting diode (LED) lighting solutions. They are focused on sustainability and providing low energy LED products to help India meet its sustainability goals.

    IKIO Lighting’s Revenue/EBITDA increased by 18/27 per cent CAGR from FY20 to FY23 on account of healthy product mix, operational efficiency and brand visibility. Over the years, company has strengthened its financial position through strong customers base and repeat orders, Post listing, company has repaid its borrowings which has enabled them to be a debt free entity and lower its working capital requirements in FY23.

  • January 12, 2024 07:35

    Stock Recommendations: Nuvama Institution - Vedanta (BUY)

    The successful debt restructuring at Vedanta parentco Vedanta Resources (VRL) removes a major overhang on the stock. The restructuring comes at a higher cost, but gives Vedanta a two-year breather to focus on ongoing aluminium/zinc capex and monetisation of steel & iron ore assets, which would unlock incremental cash flows.

    VEDL has been performing well operationally, and even financially, and has not been in a distress situation. The real issue of the stock’s underperformance has been the continuous overhang of parentco’s debt, whose repayment has now been deferred to FY27.

  • January 12, 2024 07:34

    Stock Market Live Today: Analysis: TCS and Infosys Q3 results: Key takeaways and what should investors do?

    With Infosys trading at trailing PE of 25 times and TCS trading at 30 times, the risk reward is not favourable at all

  • January 12, 2024 07:28

    Stock Market Live Today: Trading guide for January 12, 2024: Intraday supports, resistances for Nifty50 stocks

    Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI 

  • January 12, 2024 07:27

    Stock Market Live Today: Stock to buy today: IGL (₹425)

    Indraprastha Gas Limited’s (IGL) stock has been appreciating gradually since November last year. After moderating over the past few days, the stock witnessed a rebound on Wednesday. It bounced off the 20-day moving average. 

  • January 12, 2024 07:24

    Stock Market Live Today: Securities in F&O Ban For Trade Date 12-Jan-2024:

    • BANDHANBNK 

    • BHEL

    • DELTACORP

    • ESCORTS 

    • HINDCOPPER 

    • INDUSTOWER

    • INDIACEM 

    • NATIONALUM 

    • PEL

    • POLYCAB

    • PVRINOX

    • SAIL

    • ZEEL

  • January 12, 2024 07:23

    Stock Market Live Today: China December Macro

    Annual CPI -0.3% [Est. -0.4% Prev. -0.5%] 

    Monthly CPI 0.1% [Est. 0.2% Prev. -0.5%] 

    Annual PPI -2.7% [Est. -2.6% Prev. -3.0%]

    Monthly PPI -0.3% [Prev. -0.3%]

  • January 12, 2024 07:22

    Debt Market Live Today: Corporate bond primary offers

    1) 7.84 HDB Financial 14-July-26 and 7.96 HDB financial Nov-2025 primary reissue, both dlt at 8.30 xirr, secured dual AAA, adding further, EBP on 12th Jan, payin on 15th Jan

    2) 8.15 L&T Finance Holdings Ltd, reissue dlt at 8.20 xirr, adding further, EBP on 17th jan and payin on 18 Jan

    3) Mahindra & Mahindra Finance 3y 2m, dual AAA secured dlt at 8.25, adding further

    4) Toyota Fin services 3Y can do at 8.28

    5) Tata Capital Housing 3y or 5y any bids?

    PSU EBPS:

    1) THDC 10Y 300+500 AA unsecured

    2) NHB 7Y, 500 + 1500cr, EBP today 

    3) REC 3Y, 500+500cr, EBP on 12th Jan and payin on 16th Jan

    4) REC 10Y, 500+2500cr, EBP on 12th Jan and payin on 16th Jan

  • January 12, 2024 07:21

    Stock Market Live Today: Markets Key Data as on 11/01/24

    📌 Market Levels

    BSE Sensex: 71721.18 (+63.47)

    Nifty 50: 21647.20 (+28.50)

    NIFTY MID CAP 100: 47337.30 (+230.15)

    NIFTY SMALL CAP 100: 15476.45 (+89.75)

    📌 Index PE & PBV

    SENSEX PE / PBV : 25.39 / 3.70

    NIFTY 50 PE / PBV : 

    23.08 / 3.79

    NIFTY MIDCAP 100 PE / PBV : 25.27 / 3.79

    NIFTY SMALLCAP 100 PE / PBV : 29.37 / 3.82

    📌 Inflow/Outflow (Daily/MTD) 

    FII / FPI Activity: (865.00 crs) / (270.93 crs)

    DII Activity: 1607.08 crs / (3349.26 crs)

    📌 Volatility Index

    India VIX - 12.76

    📌 Commodities

    Brent Crude: $78.38

    Gold USD Oz/10 gm: $2033.76 = INR 62162

    Silver: INR 72315

    📌 Currency

    *Rs/$: 83.03

    US Dollar Index (DXY) - 102.17

    📌 10 Year Yield

    7.26% GOI 2033: 7.20% (Old)

    7.18% GOI 2033: 7.16% (New)

    US 10 Yr Yield - 3.99%

  • January 12, 2024 07:20

    Stock Market Live Today: Researchbytes Analyst App’s recent interview as of 18:33 PM Thursday 11 January 2024

    https://play.google.com/store/apps/details?id=com.intelegain.rb

    Ajmera Realty: Dhaval Ajmera, Director

    We Will Launch 2 Projects In Q4 With A Potential Of Approx ?400 Cr: Ajmera Realty

    https://www.youtube.com/watch?v=Ii86YI_1QLs

    Aarti Ind: Rajendra Gogri, CMD

    Impact Of Non-Renewal By EU For Key Product S-Metolachlor Will Be 3-4%: Aarti Ind

    https://www.youtube.com/watch?v=LQhKEPGF1kU

    BSE Limited: Sundararaman Ramamurthy, MD & CEO

    BSE MD & CEO Sundararaman Ramamurthy As A ‘Guest Editor’

    https://www.youtube.com/watch?v=F_6lA6Ltk1E

    Ugro Capital: Shachindra Nath, Executive CMD

    UGRO Capital Ltd Gets RBI Certificate Registration For Factoring Business

    https://www.youtube.com/watch?v=bKng07qsoOw

    Gensol Engineer: Anmol Jaggi, Managing Director

    Gensol EV: Plans To Redefine Urban Mobility; Electric Car To Debut In March

    https://www.youtube.com/watch?v=JK_V5vGfd5o

    Keystone Realto: Boman Rustom Irani, CMD

    Believe We Can Continue To Grow By 25%: Keystone Realtors

    https://www.youtube.com/watch?v=aKF4NSuBhqo

    MAS Financial S: Kamlesh Gandhi, CMD

    MSME & SME Segments Contributed About 27% To AUM Growth: Mas Financial Services

    https://www.youtube.com/watch?v=pktcRn-LTj0

    RBZ Jewellers: Harit Zaveri,, Joint Managing Director

    RBZ Jewellers: FY25 Growth Outlook

    https://www.youtube.com/watch?v=OIGXjVH0KPM

    TeamLease Ser.: Ramani Dathi, CFO

    Decoding IT Hiring Trends With Teamlease CFO Romani Dati: Navigating Sluggishness And Uncertainty

    https://www.youtube.com/watch?v=QafJ3TneUI8

    BLS International Services : Shikhar Aggarwal, Joint Managing Director

    Realisations Have Increased In Q3: BLS International Svcs

    https://www.youtube.com/watch?v=XPGdoS9Og5g

    Events today…

    https://www.researchbytes.com/Default.aspx?cc=event

    Results today…

    https://www.researchbytes.com/Default.aspx?cc=result

    Replays available at www.researchbytes.com

  • January 12, 2024 07:19

    Stock Market Live Today: Fund Flow Activity: 11 January 2024 (In Cr)

    Turnover: (NSE + BSE)

    Cash Volume: 108283.56 + 8678 Total: 116961.56

    F&O Volume: 444585.6 + 1216933.19 Total: 1661518.79

    Provisional Cash Rs. In Crs.

    FII/FPI: NET SELL: -865 

    (11619.68 - 12484.68) 

    DII: NET BUY: 1607.08 

    (12951.47 - 11344.39)

  • January 12, 2024 07:19

    Stock Market Live Today: 3QFY24 Results, Press Release & Investor Presentation: Infosys, TCS & HDFC AMC

    Infosys 3QFY24 Earnings

    Financial Results

    Link: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q2/documents/q2-and-h1-fy24-financial-results-auditorsreports.pdf

    Press Release

    Link: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q2/documents/ifrs-inr-press-release.pdf

    Fact Sheet

    Link: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q2/documents/fact-sheet.pdf

    Investor Sheet

    Link: https://www.infosys.com/content/dam/infosys-web/en/investors/reports-filings/quarterly-results/2023-2024/q2/documents/q2fy24-investor-sheet.xls

    TCS 3QFY24 Earnings

    Financial Results

    Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/70ed0afd-130a-4902-8462-4f01f3b347c0.pdf

    Press Release

    Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/f5ae68f9-c286-479a-8cef-237c57a4dc06.pdf

    Presentation

    Link: https://www.tcs.com/content/dam/tcs/investor-relations/financial-statements/2023-24/q3/Presentations/Q3%202023-24%20Fact%20Sheet.pdf

    HDFC AMC 3QFY24 Earnings

    Financial Results

    Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/42d1229d-a668-4247-a9af-e2057bc9df3e.pdf

    Presentation

    Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/c8bec481-ea9f-4065-95ec-986b20e8ac7f.pdf

  • January 12, 2024 07:17

    Stock Market Live Today: Economic Calendar - 12.01.2024

    07.00 CHINA CPI y/y (Expected: -0.4% versus Previous: -0.5%)

    07.00 CHINA PPI y/y (Expected: -2.6% versus Previous: -3.0%)

    12.30 U.K. GDP m/m (Expected: 0.2% versus Previous: -0.3%)

    12.30 U.K. Industrial Production m/m (Expected: 0.3% versus Previous: -0.8%)

    17.30 INDIA Inflation Rate y/y (Expected: 5.7% versus Previous: 5.5%)

    17.30 INDIA Industrial Production y/y (Expected: 7.2% versus Previous: 11.7%)

    19.00 U.S. PPI m/m (Expected: 0.1% versus Previous: 0.0%)

    (On Monday 15th January, U.S. markets to remain shut on Holiday)

  • January 12, 2024 07:17

    Stock Market Live Today: Major U.S. listed stocks result calendar 12.01.2024 

    UnitedHealth Group Incorporated (Pre market) (Sector- Healthcare)

    J P Morgan Chase & Co (Pre market) (Sector- Financial)

    Bank of America Corporation (Pre market) (Sector- Financial)

    Wells Fargo & Company (Pre market) (Sector- Financial)

    BlackRock, Inc. (Pre market) (Sector- Financial)

    Citigroup Inc. (Pre market) (Sector- Financial)

    The Bank Of New York Mellon Corporation (Pre market) (Sector- Financial)

    Delta Air Lines, Inc. (Pre market) (Sector- Aviation)

    (important day in terms of earnings of U.S. Financial companies)

  • January 12, 2024 07:06

    Stock Market Live Today: Asian markets mixed after US inflation report

    Equity markets throughout Asia exhibited mixed trading on Friday, as US inflation data failed to influence rate cut predictions. Concurrently, oil prices surged following the UK’s authorization of military intervention in Yemen. 

    Japanese stocks initiated the day with a positive trend on Friday, building on the momentum gained in the preceding session, where the Nikkei index surpassed 35,000 for the first time since 1990. The Nikkei 225 recorded a 1.17% increase, equivalent to 408.89 points, reaching 35,458.75 in early trading. Additionally, the broader Topix index saw a 0.37% uptick, adding 9.27 points to reach 2,492.14. Meanwhile, South Korea’s KOSPI experienced a decline of 0.52%, or 13.09 points, trading at 2,527.18, and the Hang Seng index slipped by 0.52%, or 85.07 points, hovering at 16,216.97. Australia’s S&P/ASX 200 index registered a 0.14% decrease, amounting to 10.40 points, to trade at 7,495.60.

    The Dow Jones Industrial Average on Thursday saw a modest rise of 15.29 points, or 0.04%, reaching 37,711.02. Conversely, the S&P 500 experienced a marginal decline of 3.21 points, or 0.07%, closing at 4,780.24, while the Nasdaq Composite posted a modest gain of 0.54 points, reaching 14,970.19.

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