Global Equities Update, STOCKS IN NEWS: OLAELE, GSFC, PNG JEWELLER
AHMEDABAD, 14 OCTOBER:
Asian equities are trading with mixed note on lack of major fresh cues while Japan markets to remain shut on Holiday. U.S. stock index futures fell slightly in evening deals on Sunday as investors hunkered down before the third-quarter earnings season picked this week. The Dow Jones and S&P 500 closed at record highs, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.
| Dow Future (US): | 42867, +3.0 points/ +0.01% |
| Nasdaq Future (US): | 20232, -39.0 points/ -0.19% |
| FTSE Future (UK): | 8287, -5.0 points/ -0.07% |
| DAX Future (Germany): | 19498, +8.0 points/ +0.04% |
| Taiex Future (Taiwan): | 22905, -6.0 points/ -1.03% |
| Kospi (South Korea): | 2610, +13.0 points/ +0.50% |
| Hang Seng Future (Hong Kong): | 21134, -136.0 points/ -0.64% |
| Gift Nifty: (India): | 25087 +37.0 points/ +0.15% (Adjusted) |
GSFC: Company has commissioned manufacturing plant at Fertilizernagar, Vadodara for production of hydroxylamine Sulphate crystal (Positive)
Wipro: Company to consider Bonus Issue of shares. Meeting to be conducted on October 17, 2024. (Positive)
Sanofi Consumer: Company has entered into negotiations with CD&R for the potential sale of a 50% controlling stake in Opella, its consumer healthcare business (Positive)
Hathway Cable: Net Profit at Rs 25.8 cr vs Rs 20.1 cr , Revenue at Rs 513 vs Rs 481 cr. (YoY). (Positive)
Ashoka Buildcon: Gets LoAs for projects worth ₹2,310 crore from the Maharashtra State Road Development Corporation. (Positive)
JSW Energy: Company subsidiary signed an Energy Storage Facility Agreement with Maharashtra State Electricity Distribution Company for 1,500 MW/12,000 MWh pumped hydro energy storage. (Positive)
Indo Count; Company acquires 100% stake in Modern Home Textiles, Inc for $11.7 m. (Positive)
PNC Infratech: Company secures Rs 2,039.61 crore contract from CIDCO for infrastructure development (Positive)
Britannia: Company plans to hike prices by 7-8%, says MD (Positive)
Sudarshan Chem: Execution of definitive agreement to acquire Global Pigment Business of Heubach Group of Germany (Positive)
Hitech Pipes: Company announced successful closure of INR 5,000 Million QIP with oversubscription by Marquee Institutional Investors (Positive)
Adani Energy Solutions: Signs agreement with KETRACO for development of major transmission lines and substations in Kenya. (Positive)
Valor Estate: Company has today received a Letter of Acceptance for construction, completion and handing over of about 13,374 affordable housing tenements under the Project-Affected Persons Scheme (Positive)
PNG Jewelers: Company has opened a new store at Ambegaon Budruk, Pune. (Positive)
Godrej Ind: CRISIL has upgraded rating for the NCDs to AA+ (Positive)
Epack Durable: Company expects upward revision in its revenue guidance for the financial year 2024–25. (Positive)
Realty Stocks: Residential sales in the 9MCY2024 reached a record high with 229,908 units sold. (Positive)
HAL: Department of Public Enterprises: Finance Minister has approved the upgradation of Hindustan Aeronautics to the 14th Maharatna CPSE (Positive)
Krystal Integrated: Company has received a work order from Directorate of Medical Education and Research, Maharashtra for providing Facility Management Services with yearly value of Rs. 55 Crore (Positive)
Sanghvi Movers: Board of Directors granted their in-principal approval for incorporation of a Wholly Owned Subsidiary Company in Kingdom of Saudi Arabia. (Positive)
HMA Agro: Company unit located at Talsapur Khurd, District Aligarh, and has been temporarily stopped following a routine inspection conducted by local authorities. (Neutral)
Ambuja Cements: GQG increases stake in co from 1.35% to 2.05% in Q2 (Neutral)
LT Foods: Company gets notice under FSS act to appeal report declaring sample sub-standard (Neutral)
Accelya Solutions: Company gets an administrative warning letter from SEBI, administrative warning for significant delay in Updation to the policy for determination of materiality of the Company. (Neutral)
DCB Bank: Company has agreed to make additional investment by acquiring and/or subscribing to 3,21,420 equity shares of Saksham gram credit Pvt Ltd (Neutral)
3i Infotech: Company announced the resignation of Sanjay Rawa, CFO, and effective October 31, 2024. (Neutral)
RIIL: Net Profit at Rs 3.1 cr vs Rs 3.2 cr , Revenue at Rs 12.2 vs Rs 14.4 cr. (YoY). (Neutral)
Sula Vineyards: Net revenue down 1.3% at ₹141.8 cr vs ₹143.7 cr, Own brands revenue up 0.3% at ₹127.2 cr vs ₹126.8 cr (YoY) (Neutral)
Network 18: Net Revenue at ₹1,825 Cr Vs ₹1,866 Cr, Consolidated Operating EBITDA Loss At ₹178 Cr Vs EBITDA Loss Of ₹218 Cr (YoY) (Neutral)
DMart: Revenue at Rs 14444 cr versus poll Rs 14206.0 cr. Net profit seen at Rs 660
cr vs poll of Rs 770 cr. (Neutral)
Brightcom Group: Company to apply for suspension revocation after releasing shareholding, AGM schedule (Neutral)
Adani Ports: Company has completed the acquisition of 95% stake in Gopalpur Port Limited. (Neutral)
Navkar Corp: Company appoints new directors, pursuant to the transfer of ownership of the equity shares held by the promoter & promoter group of the Company to JSW Port Logistics Private Limited (Neutral)
Oberoi Realty: A board meeting will be held on October 16, 2024, to consider fundraising. (Neutral)
Macrotech: Net debt rises 14% to Rs 4,920 crore during the second quarter of the current fiscal. (Neutral)
Bajaj Housing Finance: One-month lock-in period for shareholders ends on Monday, October 14. (Neutral)
Glenmark: Company is recalling two products in the U.S. due to manufacturing issues. (Neutral)
Ola Cabs: Central Consumer Protection Authority has directed Ola Cabs to allow consumers to choose their preferred method of refund (Neutral)
Page Industries: Board to consider second interim dividend on November 7 (Neutral)
Plastiblends: Net Profit at Rs 6.3 cr vs Rs 9.5 cr, Revenue at Rs 185 vs Rs 210 cr. (YoY). (Negative)
Indoco Remedies: Company informs receipt of regulatory status from U.S. food and drug administration for facilities located at Goa plant. (Negative)
Vedanta: Company cancels its record date of Dividend (Negative)
Camlin Fine: India Ratings & Research has downgraded ratings for Term loan and fund based limits (Negative)
LT Foods: Received a notice from the Department of Food Safety and Quality after a sample collected by the Food Safety Officer was declared substandard (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.)
