Stocks in News\ Global Equities Update\ JIOFINANCE, FEDBANK, UJJIVANSFB, IDBIBANK, ITC
AHMEDABAD, 7 OCTOBER
Global Equities Update
Asian markets opened in green zone and extended up move leaded by uptick from Japanese and Taiwan markets. U.S. stock index futures in green zone as sentiment remained upbeat after strong payrolls data from last week, with focus turning to more cues on interest rates and corporate earnings in the coming days.
Global Equity Indices Update
| Dow Future (US): | 42375, +22.0 points/ +0.05% |
| Nasdaq Future (US): | 20060, +29.0 points/ +0.15% |
| FTSE Future (UK): | 8376, +46.0 points/ +0.55% |
| DAX Future (Germany): | 19373, +107.0 points/ +0.56% |
| Taiex Future (Taiwan): | 22738, +450.0 points/ +2.02% |
| Hang Seng Future (Hong Kong): | 22944, +70.0 points/ +0.31% |
| Kospi (South Korea): | 2591, +21.0 points/ +0.82% |
| Nikkei Index (Japan): | 39419, +805 points/ +2.09% |
| Gift Nifty: (India) | 25258, +84.0 points/ +0.33% (Adjusted) |
Jio Fin: SEBI has granted in-principle approval to the Company and BlackRock Financial Management Inc to act as co-sponsors and set up the proposed mutual fund. (Positive)
Easy Trip Planners: Company resumes bookings to the Maldives following the improvements in the bilateral ties of the governments. (Positive)
SAMHI Hotels: Company has acquired Innmar Tourism and Hotels Private Limited for Rs 2,050 million. (Positive)
Federal Bank: Q2 deposits surge 16%, advances grow by 19% on-year. CRISIL upgrades rating on the fixed deposits of Bank to ‘AAA/Stable’ from ‘AA+/Positive’ (Positive)
Ujjivan SFB: Total deposits up 17% YoY & 5% QoQ. CASA up 26% YoY & 6% QoQ (Positive)
L&T Finance: Retail loan book at end of Q2FY25 up 28%, retail disbursements for Q2FY25 up 12% YoY. (Positive)
Macrotech Developers: Collections were Rs 30.7 billion for Q2FY25, up 11% , Q2FY25 pre-sales at Rs 42.9 billion , up 21% YoY (Positive)
SAMHI Hotels: Company has acquired Innmar Tourism and Hotels Private Limited for Rs 2,050 million. (Positive)
Avantel: Net Profit at Rs 22.9 cr vs Rs. 16.1 cr (YoY), Revenue at Rs 77.4 cr vs Rs 54.3 cr (YoY). (Positive)
JSW Steel: Company unit JSW Vijayanagar Metallics Ltd, Company has successfully commissioned its Blast furnace at its integrated steel plant at Vijayanagar with a capacity of 4.5 MTPA (Positive)
Adani Wilmar: Q2 total sales volume up 10% YoY, in Q2, revenue from alternate channels increased at strong double digit rate YoY. (Positive)
Bandhan Bank: Total deposits rise 27.2% on a yearly basis to Rs 1.43 lakh crore in September quarter. (Positive)
Bajaj Housing: AUM at Rs 1.03 lakh crore, up 26% year-on-year. (Positive)
RKEC Projects: Company gets order worth Rs 186 cr from Maharashtra Maritime Board. (Positive)
CG Power: Company acquires Radio Frequency Components Business from Renesas, marking its foray into Semiconductor Design. (Positive)
Senco Gold: Company approved raising of funds up to Rs 5 billion, Company approves sub-division of shares in 1:2 ratio. (Positive)
Ceigall India: Company got letter of intent for project worth Rs 1.43 billion. (Positive)
Oil upstream stocks: Oil prices jump by 3 percent after the tensions intensified in Middle East. (Positive)
Bansal Wire Industries: Company incorporates wholly owned subsidiary BWI steel private ltd, the entity being acquired belongs to iron and steel industry. (Positive)
IDBI Bank: Total business up 15% as of sept 30, Total deposits as of sept 30 up 11% YoY, Net advances as of sept 30 up 19% YoY (Positive)
ITC Limited: Company’s Hotels Business Demerger Receives NCLT Approval (Positive)
Metropolis: Revenue for the quarter grows by 13% year-on-year. B2C revenue up 20% from last year. (Positive)
Info edge: Standalone Billings Up 14.3% At Rs 650.3 Cr Vs Rs 569 Cr (YoY) (Positive)
Shiva Cement: Company execution of binding MoU with Bhushan power & steel. (Positive)
Godrej Prop: Q2 booking value grew 3% YoY to nearly INR 5,200 crore from sale of over 5.1 million sq. ft. (Positive)
Titan: Jewellery Revenue +26% YoY after a soft Q1 performance (Positive)
Antony Waste: Arm AG Enviro Infra Projects gets contract worth ₹908 cr from Navi Mumbai Municipal Corporation (Positive)
Tanfac: Company revises capacity to 90 MT/day from 45 MT/day for Rs 100 crore (Positive)
Indian Bank: Total Business Up 9.8% YoY At ₹12.44 Lk Cr, total Deposits Up 8.1% YoY At ₹6.93 Lk Cr (Positive)
GAIL: Signs MoU with AM Green to jointly develop renewable energy projects up to 2.5 GW and green chemical projects (Positive)
Bank Of Maharashtra: Bank closes QIP today, approves issue price at Rs 57.36/Sh. LIC increases stake in Bank of Maharashtra from 4.05% to 7.1% through QIP (Neutral)
AU Small Finance Bank: Reports 12.7% jump in Q2 deposits, gross advances rise nearly 6% (Neutral)
Paytm: Manmeet Singh Dhody ceases to be CTO – payments & SMP of the co w.e.f. October 4, 2024. (Neutral)
REC: Company’s renewable energy loans aggregated to Rs 5,946 crore, up 37.35% year-on-year in the quarter-ended September 2024. (Neutral)
J&K Bank: Total business up 9.2% YoY at ₹2.34 lk cr, Total deposits up 8.96% at ₹1.38 lk cr (YoY) (Neutral)
MTNL: SBI classifies MTNL as non-performing account after repayment default. (Neutral)
Zomato: Company grants 12 million stock options worth ₹330 crore under ESOP. (Neutral)
Indusind Bank: Deposits as on sept-end up 15% YoY, Net advances up 13% YoY as of Sept 30. (Neutral)
Gravita India: Company approved raising of funds up to Rs 10 billion. (Neutral)
Pitti Engineering: Company received NCLT approval for its amalgamation scheme with Pitti Castings Private Limited and Pitti Rail and Engineering Components Limited. (Neutral)
Adani Energy: Company incorporated Adani Energy Solutions Global, Entity being acquired belongs to investment holding company. (Neutral)
Pokarna: Temporary shutdown of production line at Unit ii of Pokarna engineered stone, production line tentatively expected to resume by 7th October 2024. (Neutral)
Apollo Tyres: LIC increased shareholding in Apollo Tyres from 4.983 % to 5.030 %. (Neutral)
Network18: Government approves transfer of licenses held by TV18 to Company (Neutral)
Wipro: Company incorporated wholly-owned subsidiary Wipro, Inc, the entity being acquired belongs to information technology sector. (Neutral)
Dhanlaxmi Bank: Bank sept quarter total deposit seen at 146 billion vs 138 billion YoY (Neutral)
Jammu and Kashmir Bank: Total deposits up 8.96%, gross advances as of Sept 30 up 8.30% YoY (Neutral)
RBL Bank: Total deposits up 20% year-on-year and 7% sequentially to ₹1.08 lakh crore. (Neutral)
Union Bank: Total Deposits Up 1.45% QoQ & 9.17% YoY At ₹12.41 Lk Cr, Global Gross Advances Up 1.82% QoQ & 9.63% YoY At ₹9.28 Lk Cr (Neutral)
Lupin: USFDA Inspection of the Company’s Biotech Facility in Pune concluded with five observations (Neutral)
Gravita India: Company approved raising of funds up to Rs 10 billion (Neutral)
Network18: Government approves transfer of licenses held by TV18 to Company (Neutral)
Tata Steel: India Production Up 4.98% At 5.27 mt Vs 5.02 mt (YoY) (Neutral)
IndusInd Bank: Net advances up 13% year-on-year and 3% sequentially to ₹3.56 lakh crore. Deposits up 15% from last year and 4% from June to ₹4.12 lakh crore. (Neutral)
Nazara Technologies: Company subsidiary Openplay receives interim relief in Rs 845 Cr GST demand case (Negative)
IndiGo: Company faced a network slowdown, impacting its website and booking system, and is working to restore stability and normalcy. (Negative)
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
