Share Market Highlights May 31, 2024: Markets snap 5-day losing streak on value buying; Nifty closes above 22,500

The rupee paired all its early gains and settled with a steep loss of 20 paise at 83.49 (provisional) against the US dollar on Friday amid volatile domestic equity markets and unabated outflow of foreign funds.

Forex traders said increased month-end demand of greenback by oil marketing companies also weighed on the Indian currency even as it found some support due to lower level of crude oil prices.

At the interbank foreign exchange market, the local unit opened at 83.25 and oscillated between the intra-day high of 83.23 and lowest level of 83.49 during the session. It finally settled at 83.49 (provisional), registering a loss of 20 paise from its previous closing level.

On Thursday, the rupee gained 11 paise to close at 83.29 against the US dollar.

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses.

The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. During the session, it hit a high of 74,478.89 points and a low of 73,765.15 points.

Halting its five-day losing streak, the 50-share NSE Nifty rose by 42.05 or 0.19 per cent to end at 22,530.70. 

Nifty and Sensex tanked more than 2 per cent in the five days to Thursday amid high volatility ahead of the results of the Lok Sabha polls.

Top gainers on the NSE:

Adani Enterprises (6.94%), Adani Ports (4.01%), Shriram Finance (3.57%), Coal India (2.04%), Tata Steel (2.01%)

Top losers:

Divi’s Lab (-2.38%), Nestle India (-2.08%), LTIMindtree (-1.64%), Dr Reddy’s (-1.56%), Maruti (-1.37%)

Kamat Hotels announced opening of The Orchid - Toyam, Pune, Maharashtra.

Stock trades at ₹236.80 on the NSE, higher by 2.78%.

Top gainers:

Adani Enterprises (6.54%), Adani Ports (3.81%), Infosys (1.59%), COal India (1.50%), Tata Steel (1.46%)

Top losers:

Divi’s Lab (-2.33%), Nestle India (-2.07%), TCS (-1.60%), Grasim (-1.56%), Maruti (-1.56%)

Stocks advanced on BSE at 3 pm on May 31, 2024, were 1,730 against 2,074 stocks that declined; 90 stocks remain unchanged. Total stocks traded were 3,894. The number of stocks that recorded a 52-week high was 118, and those that hit a 52-week low was 72. 

In addition, 231 stocks traded in upper circuit, while 289 hit the lower circuit.

Davangere Sugar Company Limited (DSCL) has announced the expansion of its distillery and operations, by adding another 45 KLPD grain-based unit at a cost of proiect of ₹54.00 crore. 

Stock surges 8.59% on the NSE, trading at ₹10.75

Bharat Rasayan shares jumped nearly 17 per cent a day after the company reported its financial results for the quarter that ended March 2024 post market hours. Read more

Edelweiss Financial Services’ subsidiary, Nido Home Finance Ltd, has received an assessment order and demand notice on May 30, 2024, under Section 143(3) of the Income Tax Act, 1961, for the assessment year 2021-22 and a tax demand of ₹1.02 crore (including interest) on account of certain disallowances.

Edelweiss Financial Services stock surges 5.05% on the NSE, trading at ₹71.70.

Udupi Cochin Shipyard Ltd (UCSL), a wholly-owned subsidiary of Cochin Shipyard Ltd (CSL), has bagged an order from its existing customer and leading Indian tug operator, Ocean Sparkle Ltd (OSL), an Adani Harbour Services Ltd company.

CSL stock trades at ₹1,964.30 on the NSE, up 0.37 per cent.

DOMS Industries’ subsidiary Micro Wood Pvt Ltd has received a show cause notice from the State Tax Department, Vapi, for Mismatch in ITC claimed in GSTR-3B wherein Goods and Service Tax (‘GST’) amounting to ₹19,82,368 has been demanded for the financial year 2019-20 along with interest of ₹16,63,885 and penalty of ₹ 1,98,236.

Stock rises 1.66 per cent on the NSE, trading at ₹1,946.90.

Jagsonpal Pharmaceuticals has acquired the India and Bhutan business of Yash Pharma Laboratories Pvt Ltd. The acquired business will be consolidated with the company’s financials with effect from June 1, 2024.

The Jagsonpal stock rose by 1.23% on the NSE, trading at ₹336.40.

Waaree Renewable Technologies Limited has received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) works for solar power project of 26.4 MW DC capacity, approximately ₹65.22 crore. 

Stock trades at ₹2,339 on the BSE, up 2.35%.

In an about-turn from the economic liberalisation days of 1991 when India shipped out gold and pledged it overseas to avert a looming financial crisis, the country has now shipped in a little over 100 tonnes of its gold reserves held in the UK.

Sanjeev Sanyal, a noted economist and a member of the Economic Advisory Council to the Prime Minister of India, taking to X on Friday, wrote that India will now hold most of its gold in its vaults.

“While no one was watching, RBI has shifted 100 tonnes of its gold reserves back to India from the UK,” Sanyal wrote in an X post, attaching a news report on the gold’s inward shipments.

We Win Ltd announced the resignation of Adarsh Kumar from the position of Managing Director & CEO of the company with effect from June 15, 2024.

Brigade (4.08%), Prestige Esate (3.22%), Lodha (2.91%), Phoenix Mills (2.51%)

Authum Investment & Infrastructure Limited has sold 100% equity shares of Authum Real Estate Private Limited (AREPL) to Alpana Dangi, Director and promoter of the Company.

The consideration received from such sale is ₹10 lakh i.e. at Face Value of Equity Shares.

Authum Investment & Infrastructure stock trades at ₹846.60 on the NSE, higher by 4.15%.

Medicamen Biotech informed that the Inspection Department, Division of Production & Distribution Control, National Organisation for Medicines, GREECE, inspected the General Tablets and Liquid Orals Formulation facility.

The Final approval (EU GMP Certification) is expected after submission of formal response to Greece Authorities.

Stock is up 4.39% on the NSE, trading at ₹503.90.

Top gainers: 

Adani Enterprises (3.72%), M&M (1.83%), Infosys (1.72%), Bajaj Finance (1.72%), L&T (1.51%)

Top losers:

Hero Motocorp (-2.13%), Bharti Airtel (-1.85%), Cipla (-1.44%), Divi’s Lab (-1.36%), Kotak Bank (-1.30%)

Stocks advanced on BSE at 12 noon on May 31, 2024, were 1,589 against 2,073 stocks that declined; 125 stocks remain unchanged. Total stocks traded were 3,787. The number of stocks that recorded a 52-week high was 108, and those that hit a 52-week low was 57. 

In addition, 193 stocks traded in upper circuit, while 244 hit the lower circuit.

The MSCI rejig adjustments on Friday are expected to bring in net inflows of about $2.5 billion in FPI passive flows. Most of the price action is already factored in, and today will primarily be a liquidity event in the last 30 minutes.

With 13 inclusions and 3 exclusions, the net stock count post-rejig for India will be 146 in the MSCI Standard/ EM Index. Additionally, there will be a net inclusion of 14 stocks in the Smallcap Index, bringing India’s total stock count in the small-cap index to 497.

Bank Nifty opened today’s session higher at 48,895 versus yesterday’s close of 48,682. But the index gave up the initial gains and is currently trading at 48,650.

AU Small Finance Bank is the top gainer by advancing 1.2 per cent whereas Kotak Mahindra Bank, down 1 per cent, is the top loser.

Broadly, the public sector banks are facing considerable sell-off today. Nifty PSU Bank has lost about 0.9 per cent whereas Nifty Private Bank is flat.

Bharat Rasayan (14.61%), J Kumar Infraprojects (12.29%), JSL (4.09%), Adani Power (2.23%), Stel Holdings (1.21%)

PVR INOX has announced the launch of its first multiplex at Varam Central Mall in the city of Machilipatnam, Andhra Pradesh.

The stock trades at ₹1,313.15 on the NSE, up 0.03%

Jupiter Electric Mobility Pvt. Ltd., a subsidiary of Jupiter Wagons, has received ARAI approval for the JEM TEZ Production - its battery-operated Light Commercial Vehicles.

Jupiter Wagons stock trades at ₹570.35 on the NSE, up 0.10%.

Vedanta on Thursday said ICRA has assigned A1+ rating to the company’s ₹2,500 crore commercial paper, citing multiple positives. 

Stock trades at ₹443.05 on the NSE, up 0.51%.

Tilaknagar Industries Limited has launched a new flavour under its Flandy (premium flavoured Brandy) range. Mansion House Flandy has now been launched in Green Apple flavour in the State of Telangana.

Tilaknagar Industries stock trades at ₹223.75 on the NSE, up 0.27%.

Servotech Power Systems has incorporated a subsidiary Servotech Sports and Entertainment Pvt Ltd. 

Stock trades at ₹79.95 on the NSE, down by 0.44%.

Persistent Systems (-1.76%), LTTS (-1.44%), LTIMindtree (-1.14%), Coforge (-0.70%)

Nifty 50 is attempting to bounce back after falling all through the week. The index is trading at 22,529, up 0.18 per cent. The advances/ declines ratio is at 24:26. This is not in favour of the bulls at the moment. So, traders have to tread with caution for the day.

Top gainers:

JKIL (10.67%), Bikaji (7.49%), ISGEC (6.50%), Sundram Fasteners (5.23%), Praj Industries (4.50%)

Top losers:

Welcorp (-8.17%), DCAL (-5.34%), IPCA Lab (-5.18%), Gateway (-5.10%), Rajesh Expo (-5.06%)

ICICI Prudential Life Insurance Company stock inches up by 0.12% on the NSE, trading at ₹549.60. 

The company had said that the IRDAI approved the appointment of Sandeep Batra as Chairman of the board of directors. The said appointment will be effective June 30, 2024

Equirus Quant: Expiry Analysis |May’24 to Jun’24 – SSF Positioning Trimmed; Higher hedge & Higher vol.

Nifty Roll @ 72% (v/s 65%), OI base (14.4 Mn shrs v/s 12.4 Mn shrs), BankNifty Roll 68% (v/s 74%), OI base (2.31 Mn v/s 1.7 Mn; monthly expiry was on 29th May ), MW 88.5%(v/s 91%),Rolled OI base down by 13% in absolute no of shrs(8601 Mn v/s 9862 Mn)

✓ Volatility – Get, Set, “Go”… As the Bharat awaits for election outcome; so does the Market.

✓ May’24 highlights : Higher hedge, round of short covering & short creation by FII & long trimming by client.

✓ Power & Banking sector looks positive, Cap goods saw unwinding whereas Metal may continue to shine.

Marketwide:

# In absolute number of shares Jun’24 series will start at lower base by 13%; 8601 Mn shrs(~INR 3917 Bn) as against 9862 Mn shrs(~INR 3823 Bn) of previous expiry – SSF positioning witnessed unwinding ahead of election outcome.

Volatility:

# India VIX inched up from 12.8 to 28.9 for May month.

# Skew shifted since mid of May’24 – Cool off in implied expected post election result. Range for the month is 21700 – 23600.

Option Data:

# Nifty PCR_OI for current series at 1.25(1.37 v/s 1.34 v/s 1.29 v/s 1.59 of previous series).

# 22000 PE has the highest OI of ~43 lac followed by 21000 PE OI of 47 lacs. 24000 CE with 44 lacs followed by 23000 @36 lacs(30th Jun’24) – highest hedging since 11 month.

Road Ahead:

- Key thing to watch – vols to settle below 20 post event, WTI crude above 80 & Traction in Midcap. 

- Immediate support @22200. Market may turn volatile below that. Breakout above @22800. 

Sector:

# Long Creation/Short Covering : Power, Banking & Metal

# Short Creation/ Long Unwinding: OMC & Cement

Stocks:

•Equirus Rollover Picks(Long Bias Based on Rollover (7-8% move): ESCORTS & UPLL.

Equity benchmark indices rebounded in early trade on Friday, after falling for the past five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra.

The 30-share BSE Sensex climbed 550.22 points to 74,435.82 in early trade. The NSE Nifty went up by 147.15 points to 22,635.80.

ICICI Prudential Life Insurance Company stock inches up by 0.12% on the NSE, trading at ₹549.60. 

The company had said that the IRDAI approved the appointment of Sandeep Batra as Chairman of the board of directors. The said appointment will be effective June 30, 2024.

Suzlon Group has secured a new order for the development of an 81.9 MW wind energy project for Oyster Green Hybrid One Private Limited. Suzlon will install 26 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each at the client’s site in Agar Madhya Pradesh.

Stock trades at ₹45 on the NSE, down by 0.88%.

Vipul Organics board has recommended the payment of dividend on equity shares of ₹10 each @ ₹1 per share i.e. 10.00% of the paid-up equity share capital for the financial year ended March 31, 2024.

Company reported its consolidated net profit for the quarter ended March 2024 at ₹107.37 lakh as against ₹29.09 lakh in the corresponding quarter last year.

Stock trades at ₹159 on the BSE, higher by 1.66%.h

The rupee appreciated 5 paise to 83.24 against the US dollar in early trade on Friday boosted by robust sentiment in domestic equity markets and a downward trend in the crude oil prices overseas.

Forex traders said, however, strong American currency and unabated outflow of foreign capital weighed on the local unit.

Genesys International Corporation stock trades at $529.35 on the NSE, higher by 2.10 after Q4 financial results. 

Company reported its consolidated net profit for the quarter ended March 2024 at ₹14.78 crore as against ₹2 crore in the corresponding quarter last year.

Top gainers on the NSE at 9.30 am:

Adani Enterprises (3.84%), M&M (2.07%), Adani Ports (2.03%), L&T (1.92%), NTPC (1.56%)

Top losers:

LTIMindtree (-0.63%), Tata Consumers (-0.47%), Hindalco (-0.44%), Dr Reddy’s Lab (-0.40%), Maruti (-0.37%)

Silver prices fell as the currency rallied and US Treasury yields stayed high. The dollar climbed on fresh predictions that the Federal Reserve will not decrease interest rates anytime soon. Minneapolis Fed President Neel Kashkari stated that he needed “many more months of positive inflation data” before considering lowering interest rates. The Commerce Department stated that the US economy grew more slowly in the first quarter than previously predicted due to lower consumer spending. India’s silver imports in the first four months of the year have already topped the total for the entire year of 2023, driven by surging demand from the solar panel industry and investor bets on outperformance against gold. 

Gold climbed higher to $2,345, reversing the previous session’s dip and matching the reprieve for US Treasuries as a slew of economic data challenged the level of resilience seen in the US economy, paving the way for Fed interest rate cuts. New statistics showed that the US GDP expanded by 1.3% in the first quarter, which was lower than previously estimated, while the headline and PCE price indices were also revised down. Additionally, initial unemployment claims remained above this year’s average, supporting the mild slowdown in the labour market, while corporate earnings unexpectedly dropped. Markets continue to believe that the Fed will only be able to cut rates once this year, but the session’s economic data releases added to the central bank’s case for cutting rates in September.

Crude oil futures traded lower on Friday morning as the data showed a shrinking of manufacturing activities in China during May. At 9.16 am on Friday, August Brent oil futures were at $81.65, down by 0.28 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $77.59, down by 0.41 per cent. June crude oil futures were trading at ₹6469 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday morning against the previous close of ₹6488, down by 0.29 per cent, and July futures were trading at ₹6459 against the previous close of ₹6480, down by 0.32 per cent.

Indian benchmark indices, Sensex and Nifty opened in green on Friday amid weak global markets. Domestic markets have been falling for the fifth straight day due to adverse global sentiment and fear of the election outcome. US stocks continued their slide, and on Thursday, the Dow fell over 300 points, and the Nasdaq tumbled over 1 per cent or 183 points. 

However, ignoring the US market sentiment, equities across the Asia-Pacific region opened on a positive note on Friday.

Today will also see the introduction of a fresh monthly series at the NSE (August).

The 30-share BSE Sensex climbed 353.80 points to 74,239.40 in early trade. The NSE Nifty gained 100.45 points to 22,589.10.

According to analysts, with the result season over for India Inc., the focus has now shifted to the general election. The last phase of the election will be held on Saturday, and the result will be out on June 4. Exit polls by various channels will be declared on Saturday evening, setting the trend for markets next week. However, they said the market is expected to remain lacklustre on Friday. They cautioned that the renewed selling by foreign portfolio investors will add to the worry.

Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities, said: Nifty continued its slide for the second consecutive day and closed 216 points lower at 22,489. The India VIX closed flat at 24.19.

“The long short ratio (LSR) of Foreign Portfolio Investors (FPIs) fell to 49.50 per cent on May 29 from 53.96 per cent on May 28 as they liquidated some existing long positions in Index futures,” he added.

According to Nuvmaa Alternative & Quantitative Research, Nifty futures rollovers stood at 72 per cent vs 71 per cent (last three series). Nifty futures will start the June series at a higher OI base of ₹32,500 crore (1.44 crore shares) vs. OI of ₹28,000 crore (1.24 crore shares) seen at the start of the May series.

Market-wide futures open interest at the start of the June series stands at ₹4.064-lakh crore (historic highs) as compared to ₹3.945-lakh crore at the start of the May series. Market-wide rollovers is at 88 per cent, lower than the 3M avg. of 89 per cent, report said.

“The May series has undoubtedly been exciting, as the onset of general elections usually leads to excessive volatility. During the May series, the Nifty index traded in a range of 1,300 points and reached an all-time high on May 27. However, before the election results on June 4, the markets started to book profits amid a surge in the India VIX, according to the Nuvama rollover report.

The Put-Call ratio (PCR), known as the sentiment indicator, fell to 0.52 at the close on Thursday, indicating call writers’ dominance. Five trading sessions back, the PCR had made a high of 1.34, Ramani said.

The call writers (Bears) still have sizeable positions at the 22,500 Strike, and the option activity at this strike will provide cues about Nifty’s future direction, he further said.

After a sharp correction currently, according to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the market is trading near the 20-day SMA (Simple Moving Average). “We are of the view that, the market has completed one leg of correction and for the traders now 20-day SMA or 22450/73800 would act as trend decider level.”

He warned that short-term traders should remain cautious and selective as there is a risk of getting trapped at lower levels.

According to Nuvama, HNIs/Retail goes fearlessly long in Index and SSF (at record highs of $19.4 billion); and FIIs maintain a very cautious stance (SSF longs are hedged with historic high Index shorts).

Nuvama expects broader markets to outperform and Indices to trade in a range.

MOIL Ltd is India’s largest manganese ore producer with production spread across 11 mines located in Maharashtra and Madhya Pradesh. It is categorised as a Schedule “A” Mini Ratna PSU of the Government Of India.

International Manganese ore supplier South32 based in Australia had announced the suspension of operations at GEMCO after tropical cyclone Megan made landfall in the country’s Northern Territory in March. Last month in its quarterly report the company stated that its’ operations would remain suspended till Jan-Mar 2025. International prices of manganese ore are thus expected to firm up as manganese smelters in Asia have been looking for alternative supplies of manganese ore.

RR Kabel’s Q4-FY24 revenue growth of 16 per cent y-o-y was in-line with our estimates; though EBITDA at ₹115 crore came below our estimate of ₹130 crore. EBIT margin of cables & wires was at 8.7 per cent v/s estimated 9 per cent and EBIT loss of FMEG segment was at ₹19.40 crore v/s estimated ₹18.10 crore. OPM at 6.6 per cent (est. 7.3 per cent) and profit was at ₹78.70 crore vs. estimated ₹84.70 crore. Cables & Wires volume growth stood at 19.6 per cent y-o-y (and 6.5 per cent q-o-q) in Q4-FY24.

The Securities and Exchange Board of India (SEBI) is deliberating on amending the framework for granting exemptions for trust transfers, said two people in the know.

In the past few months, the regulator has been insisting on getting the trust deed agreements registered with the sub-registrar’s office in order to avail of an exemption for open offers. This is so that the executed trust deed submitted to SEBI for approval cannot be changed later ante-dated (a date prior to registration).

The calculator will contain fields to identify violations and enables the applicants to select their past regulatory track record as well as the details of other ongoing proceedings as on date of filing the settlement application

NIFTY rolls seen at 72%, which is in line with 3 months average, with option chain reflecting on 23500CE and 22000PE showing the wide range for the series. 

BANKNIFTY rolls were very low at 68%, which reflects on a very indecisive trend for the Index, with option chain highlighting 49000CE and 48000PE being very aggressive.

FIIs long short ratio are extreme lows of 13% and 87%, which should see some turnaround event soon hinting on short covering rally from here.

Strong rolls seen in sectors like BANKING (stock specific), METALS, ENERGY, CAPITAL GOODS, PHARMA, TECHNOLOGY, AUTO, CEMENT…

07:00 CHINA Manufacturing PMI (Expected: 50.5 versus Previous: 50.4)

14:30 EURO CPI Flash Estimate y/y (Expected: 2.5% versus Previous: 2.4%)

17:30 INDIA GDP Growth Rate y/y (Expected: 6.7% versus Previous: 8.4%)

18:00 U.S. Core PCE Price Index m/m (Expected: 0.3% versus Previous: 0.3%)

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(Nirmal Bang Retail Research) 

Result has improved 

Revenue from Operations came at Rs. 269.1 Cr (23% QoQ, 21% YoY) vs QoQ Rs. 218.7 Cr, YoY Rs. 222.4 Cr 

EBIDTA came at Rs. 5.1 Cr (-148.1% QoQ, -207.2% YoY) vs QoQ Rs. -10.6 Cr, YoY Rs. -4.8 Cr 

EBITDA Margin came at 1.9% vs QoQ -4.8%, YoY -2.1% 

Adj. PAT came at Rs. -9.6 Cr vs QoQ Rs. 126.4 Cr, YoY Rs. -61.5 Cr 

Quarter EPS is Rs. -1.9 

Stock is trading at P/E of 12.1x TTM EPS

(Nirmal Bang Retail Research)

Result is ok 

AUM came at Rs. 21121 Cr (+6.3% QoQ, +23% YoY) 

NII came at Rs. 334.1 Cr vs YoY Rs. 263.3 Cr, QoQ Rs. 328.4 Cr 

PBP came at Rs. 254.3 Cr vs YoY Rs. 198.4 Cr, QoQ Rs. 272.5 Cr 

Provision came at Rs. -4.1 Cr vs YoY Rs. -6.1 Cr, QoQ Rs. 12.1 Cr 

PAT came at Rs. 201.5 Cr vs YoY Rs. 165.6 Cr, QoQ Rs. 203.4 Cr 

Gross NPA (%) came at 1.08% vs QoQ 1.4% 

Net NPA (%) came at 0.65% vs QoQ 1.0% 

Quarter EPS is Rs. 4.7 

Stock is trading at 2.5x trailing P/BV

(Nirmal Bang Retail Research) 

Result is ok 

Revenue from Operations came at Rs. 781.8 Cr (41.2% QoQ, 20.7% YoY) vs QoQ Rs. 553.9 Cr, YoY Rs. 647.5 Cr 

EBIDTA came at Rs. 92.2 Cr (30.6% QoQ, -13.3% YoY) vs QoQ Rs. 70.6 Cr, YoY Rs. 106.4 Cr 

EBITDA Margin came at 11.8% vs QoQ 12.7%, YoY 16.4% 

Adj. PAT came at Rs. 72.8 Cr vs QoQ Rs. 47.5 Cr, YoY Rs. 81.7 Cr 

Quarter EPS is Rs. 5 

Stock is trading at P/E of 39.2x TTM EPS

(Nirmal Bang Retail Research) 

Result declining 

The Company has completed the construction of its new port in Boffa in Guinea and expects to significantly enhance its Bauxite export volumes in FY 2024-25. 

Revenue from Operations came at Rs. 440.1 Cr (-38.3% QoQ, -36.8% YoY) vs QoQ Rs. 713.1 Cr, YoY Rs. 696.2 Cr 

EBIDTA came at Rs. 48.4 Cr (-16.3% QoQ, -18.1% YoY) vs QoQ Rs. 57.8 Cr, YoY Rs. 59.1 Cr 

EBITDA Margin came at 11% vs QoQ 8.1%, YoY 8.5% 

Adj. PAT came at Rs. 11.8 Cr vs QoQ Rs. 23.7 Cr, YoY Rs. 40 Cr 

Quarter EPS is Rs. 1.3 

Stock is trading at P/E of 17.4x TTM EPS

(Nirmal Bang Retail Research) 

Result improved 

Revenue from Operations came at Rs. 490.1 Cr (1.7% QoQ, 43.9% YoY) vs QoQ Rs. 481.7 Cr, YoY Rs. 340.5 Cr 

EBIDTA came at Rs. 29 Cr (27% QoQ, -3186.1% YoY) vs QoQ Rs. 22.9 Cr, YoY Rs. -0.9 Cr 

EBITDA Margin came at 5.9% vs QoQ 4.7%, YoY -0.3% 

Adj. PAT came at Rs. 24.4 Cr vs QoQ Rs. 17.9 Cr, YoY Rs. 17.2 Cr 

Quarter EPS is Rs. 2.8 

Stock is trading at P/E of 39.5x TTM EPS

(Nirmal Bang Retail Research) 

Result declining 

Revenue from Operations came at Rs. 405.5 Cr (60.9% QoQ, 17.7% YoY) vs QoQ Rs. 252 Cr, YoY Rs. 344.6 Cr 

EBIDTA came at Rs. 80.4 Cr (124% QoQ, -19.7% YoY) vs QoQ Rs. 35.9 Cr, YoY Rs. 100.1 Cr 

EBITDA Margin came at 19.8% vs QoQ 14.2%, YoY 29.1% 

Adj. PAT came at Rs. 46.3 Cr vs QoQ Rs. 12.8 Cr, YoY Rs. 66.3 Cr 

Quarter EPS is Rs. 2.5 

Stock is trading at EV/EBITDA of 45.1x TTM EBITDA

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 195 Cr (-3.4% QoQ, 12.7% YoY) vs QoQ Rs. 201.8 Cr, YoY Rs. 173 Cr 

EBIDTA came at Rs. 34.2 Cr (-6.1% QoQ, 6.5% YoY) vs QoQ Rs. 36.5 Cr, YoY Rs. 32.1 Cr 

EBITDA Margin came at 17.6% vs QoQ 18.1%, YoY 18.6% 

Adj. PAT came at Rs. 20 Cr vs QoQ Rs. 22.3 Cr, YoY Rs. 18.1 Cr 

Quarter EPS is Rs. 2 

Stock is trading at P/E of 37.3x TTM EPS

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 592.5 Cr (15.6% QoQ, 23.3% YoY) vs QoQ Rs. 512.7 Cr, YoY Rs. 480.5 Cr 

EBIDTA came at Rs. 84.1 Cr (2.5% QoQ, -4% YoY) vs QoQ Rs. 82 Cr, YoY Rs. 87.6 Cr 

EBITDA Margin came at 14.2% vs QoQ 16%, YoY 18.2% 

Adj. PAT came at Rs. 63.6 Cr vs QoQ Rs. 58.3 Cr, YoY Rs. 49.2 Cr 

Quarter EPS is Rs. 27.7 

Stock is trading at EV/EBITDA of 15.1x TTM EBITDA

(Nirmal Bang Retail Research) 

Result has declined 

Revenue from Operations came at Rs. 349.2 Cr (-6.6% QoQ, -17.8% YoY) vs QoQ Rs. 373.7 Cr, YoY Rs. 424.7 Cr 

EBIDTA came at Rs. 49.2 Cr (-14.5% QoQ, -32.8% YoY) vs QoQ Rs. 57.6 Cr, YoY Rs. 73.3 Cr 

EBITDA Margin came at 14.1% vs QoQ 15.4%, YoY 17.3% 

Adj. PAT came at Rs. -4.4 Cr vs QoQ Rs. -15.4 Cr, YoY Rs. -15.4 Cr 

Quarter EPS is Rs. -0.4 

Stock is trading at P/E of -11.2x TTM EPS

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 1034.2 Cr (4.2% QoQ, 16.6% YoY) vs QoQ Rs. 992.6 Cr, YoY Rs. 887.2 Cr 

EBIDTA came at Rs. 28.9 Cr (1% QoQ, 41.6% YoY) vs QoQ Rs. 28.6 Cr, YoY Rs. 20.4 Cr 

EBITDA Margin came at 2.8% vs QoQ 2.9%, YoY 2.3% 

Adj. PAT came at Rs. 21 Cr vs QoQ Rs. 6.8 Cr, YoY Rs. -3.7 Cr 

Quarter EPS is Rs. 4.8 

Stock is trading at P/E of 41.2x FY25E EPS

​Markets are expected to open on a flat note ​on Friday amid weak global markets. Domestic markets have been falling for the fifth straight day due to adverse global sentiment and fear of the election outcome. US stocks continued their slide, and on Thursday, the Dow fell over 300 points, and the Nasdaq tumbled over 1 per cent or 183 points.

However, ignoring the US market sentiment, equities across the Asia-Pacific region opened on a positive note on Friday.

(Nirmal Bang Retail Research) 

Result has improved 

Revenue from Operations came at Rs. 427.8 Cr (3.2% QoQ, 4.4% YoY) vs QoQ Rs. 414.7 Cr, YoY Rs. 409.7 Cr 

EBIDTA came at Rs. 72.4 Cr (52.1% QoQ, 35.7% YoY) vs QoQ Rs. 47.6 Cr, YoY Rs. 53.4 Cr 

EBITDA Margin came at 16.9% vs QoQ 11.5%, YoY 13% 

Adj. PAT came at Rs. 40.3 Cr vs QoQ Rs. 24.5 Cr, YoY Rs. 31.7 Cr 

Quarter EPS is Rs. 7.2 

Stock is trading at P/E of 16.2x TTM EPS

(Nirmal Bang Retail Research) 

Consolidated Volume came at 8.00mnT vs Exp 7.9mnT QoQ 7.15mnT YOY7.78mnT 

Consolidated EBITDA/T Came at Rs.8271 vs Exp Rs.7646 QoQ Rs.8760 YoY Rs.9279 

Standalone Volume came at 5.4mnT vs Exp 5.2mnT QoQ 4.88mnT YOY 5.15mnT 

Standalone EBITDA/T Came at Rs.14846 vs Exp Rs.14897 QoQ Rs.16905 YoY Rs.15787 

Result Ahead of Expectation 

Revenue from Operations came at Rs. 58687.3 Cr (6.1% QoQ, -6.8% YoY) vs expectation of Rs. 58375.1 Cr, QoQ Rs. 55311.9 Cr, YoY Rs. 62961.5 Cr 

EBIDTA came at Rs. 6600.6 Cr (5.4% QoQ, -8.6% YoY) vs expectation of Rs. 6040.4 Cr, QoQ Rs. 6263.6 Cr, YoY Rs. 7219.2 Cr 

EBITDA Margin came at 11.2% vs expectation of 10.3%, QoQ 11.3%, YoY 11.5% 

Adj. PAT came at Rs. 1206 Cr vs expectation of Rs. 892 Cr, QoQ Rs. 847.5 Cr, YoY Rs. 1693.3 Cr 

Quarter EPS is Rs. 1 

Stock is trading at P/E of 16.5x FY25E EPS 

Tata Steel has the proposal to infuse funds up to USD 2.11 Billion (~₹17,407.50 crore), by way of subscription to equity shares of T Steel Holdings Pte. Ltd (TSHP), wholly owned foreign subsidiary of the Company, in one or more tranches, during FY2024-25. 

The proposed fund infusion will be used by TSHP to repay the existing external debt at offshore entities and to support the restructuring costs at Tata Steel UK Limited. 

Break up of the use of fund is not provided. It can be negative if larger fund is used to support the restructuring cost of UK operation

(Nirmal Bang Retail Research) 

Result ahead of Expectation 

Revenue from Operations came at Rs. 2316.2 Cr (-8.6% QoQ, 20.3% YoY) vs expectation of Rs. 2164.3 Cr, QoQ Rs. 2534.1 Cr, YoY Rs. 1926 Cr 

EBIDTA came at Rs. 544.3 Cr (1.2% QoQ, 66.9% YoY) vs expectation of Rs. 396.1 Cr, QoQ Rs. 537.9 Cr, YoY Rs. 326.1 Cr 

EBITDA Margin came at 23.5% vs expectation of 18.3%, QoQ 21.2%, YoY 16.9% 

Adj. PAT came at Rs. 561.5 Cr vs expectation of Rs. 355.4 Cr, QoQ Rs. 456.6 Cr, YoY Rs. 318.5 Cr 

Quarter EPS is Rs. 20.3 

Stock is trading at P/E of 62.9x FY25E EPS

(Nirmal Bang Retail Research) 

Result is in-line with expectations 

Revenue from Operations came at Rs. 797.9 Cr (-11.7% QoQ, 2.5% YoY) vs expectation of Rs. 802.9 Cr, QoQ Rs. 903.5 Cr, YoY Rs. 778.6 Cr 

EBIDTA came at Rs. 182.3 Cr (-0.1% QoQ, 0.1% YoY) vs expectation of Rs. 186.9 Cr, QoQ Rs. 182.4 Cr, YoY Rs. 182.1 Cr 

EBITDA Margin came at 22.8% vs expectation of 23.3%, QoQ 20.2%, YoY 23.4% 

Adj. PAT came at Rs. 63.6 Cr vs expectation of Rs. 54.8 Cr, QoQ Rs. 58 Cr, YoY Rs. 65.6 Cr 

Quarter EPS is Rs. 5 

Stock is trading at P/E of 46.9x FY25E EPS

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 397.5 Cr (-0.3% QoQ, 2.4% YoY) vs QoQ Rs. 398.8 Cr, YoY Rs. 388.3 Cr 

EBIDTA came at Rs. 77.5 Cr (2.9% QoQ, 11.5% YoY) vs QoQ Rs. 75.3 Cr, YoY Rs. 69.5 Cr 

EBITDA Margin came at 19.5% vs QoQ 18.9%, YoY 17.9% 

Adj. PAT came at Rs. 36.2 Cr vs QoQ Rs. 33.4 Cr, YoY Rs. 30.6 Cr 

Quarter EPS is Rs. 15 

Stock is trading at P/E of 17.2x FY25E EPS

(Nirmal Bang Retail Research) 

Result improved 

Revenue from Operations came at Rs. 2446.8 Cr (9.9% QoQ, 29.1% YoY) vs QoQ Rs. 2226.7 Cr, YoY Rs. 1894.6 Cr 

EBIDTA came at Rs. 816.7 Cr (21.9% QoQ, 179.1% YoY) vs QoQ Rs. 670.1 Cr, YoY Rs. 292.6 Cr 

EBITDA Margin came at 33.4% vs QoQ 30.1%, YoY 15.4% 

Adj. PAT came at Rs. -221.7 Cr vs QoQ Rs. -287 Cr, YoY Rs. -403.3 Cr 

Quarter EPS is Rs. -0.4 

Stock is trading at P/E of -217.5x FY25E EPS

(Nirmal Bang Retail Research) 

Result is declining 

Revenue from Operations came at Rs. 177.9 Cr (11.7% QoQ, 2% YoY) vs QoQ Rs. 159.3 Cr, YoY Rs. 174.5 Cr 

EBIDTA came at Rs. 18 Cr (277.5% QoQ, -27.8% YoY) vs QoQ Rs. 4.8 Cr, YoY Rs. 25 Cr 

EBITDA Margin came at 10.1% vs QoQ 3%, YoY 14.3% 

Adj. PAT came at Rs. 2.4 Cr vs QoQ Rs. 7.6 Cr, YoY Rs. 14.9 Cr 

Quarter EPS is Rs. 0.6 

Stock is trading at P/E of 45.4x TTM EPS

(Nirmal Bang Retail Research) 

Result ahead of Expectation 

Revenue from Operations came at Rs. 327.3 Cr (13.4% QoQ, 29.5% YoY) vs expectation of Rs. 323 Cr, QoQ Rs. 288.7 Cr, YoY Rs. 252.7 Cr 

EBIDTA came at Rs. 171.5 Cr (22.7% QoQ, 22.6% YoY) vs expectation of Rs. 162.6 Cr, QoQ Rs. 139.7 Cr, YoY Rs. 139.9 Cr 

EBITDA Margin came at 52.4% vs expectation of 50.3%, QoQ 48.4%, YoY 55.4% 

Adj. PAT came at Rs. 67 Cr vs expectation of Rs. 53.4 Cr, QoQ Rs. 35.4 Cr, YoY Rs. 44 Cr 

Quarter EPS is Rs. 0.8 

Stock is trading at P/E of 40.5x FY25E EPS

(Nirmal Bang Retail Research)

Result is above expectations 

Revenue from Operations came at Rs. 1314.5 Cr (45.2% QoQ, 11.8% YoY) vs expectation of Rs. 1210.6 Cr, QoQ Rs. 905.4 Cr, YoY Rs. 1175.6 Cr 

EBIDTA came at Rs. 214.1 Cr (45.3% QoQ, 1% YoY) vs expectation of Rs. 198 Cr, QoQ Rs. 147.3 Cr, YoY Rs. 211.9 Cr 

EBITDA Margin came at 16.3% vs expectation of 16.4%, QoQ 16.3%, YoY 18% 

Adj. PAT came at Rs. 198.2 Cr vs expectation of Rs. 121 Cr, QoQ Rs. 85.5 Cr, YoY Rs. 128.6 Cr 

Quarter EPS is Rs. 7 

Stock is trading at P/E of 15.9x TTM EPS

(Nirmal Bang Retail Research) 

Outlook: Positive 

•\u0009Sales volume for the quarter came at 125.41 LT (Lakh tonne) vs 113.94 LT in Q3FY24 (a growth of 10%). In Q4FY23 it was 124.10 LT. 

•\u0009Avg. sales realisations for the quarter came at Rs. 5163 per tonne vs Rs. 4748 in Q3 (a growth of 8.75%) and Rs. 4715 per tonne in Q4FY23. 

•\u0009EBITDA per tonne came at Rs. 1704 per tonne vs Rs. 1781 in Q3FY24 (a degrowth of 4.37%) owing to some cost escalations. In Q4FY23 it was Rs. 1745. 

•\u0009Profits before exceptional item has increased by 19% in Q4 as compared to Q3. In FY24 it was 30% higher as compared to FY23. Company expects this performance to be even better in FY25. 

•\u0009The company’s capex spends for FY24 were highest ever. 

•\u0009Company expects to make itself a 100 MT company by FY30-31. 

•\u0009FY25 volumes will be 50MT (approx. 12% growth). FY26 volumes will be 54 MT 

Stock is currently trading at EV/EBITDA of 6.5x FY26 EBITDA

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 262.6 Cr (-13.2% QoQ, 9% YoY) vs QoQ Rs. 302.5 Cr, YoY Rs. 240.9 Cr 

EBIDTA came at Rs. 38.1 Cr (-14.6% QoQ, 42.1% YoY) vs QoQ Rs. 44.6 Cr, YoY Rs. 26.8 Cr 

EBITDA Margin came at 14.5% vs QoQ 14.7%, YoY 11.1% 

Adj. PAT came at Rs. 28.7 Cr vs QoQ Rs. 25.1 Cr, YoY Rs. 17.3 Cr 

Quarter EPS is Rs. 5 

Stock is trading at P/E of 36.5x TTM EPS

(Nirmal Bang Retail Research) 

Result ahead of Expectation 

Revenue from Operations came at Rs. 2255.4 Cr (24.9% QoQ, 13.1% YoY) vs expectation of Rs. 2112.7 Cr, QoQ Rs. 1806.4 Cr, YoY Rs. 1994.9 Cr 

EBIDTA came at Rs. 399 Cr (75% QoQ, 37.7% YoY) vs expectation of Rs. 291.8 Cr, QoQ Rs. 228 Cr, YoY Rs. 289.8 Cr 

EBITDA Margin came at 17.7% vs expectation of 13.8%, QoQ 12.6%, YoY 14.5% 

Adj. PAT came at Rs. 117.8 Cr vs expectation of Rs. 192.2 Cr, QoQ Rs. 147.1 Cr, YoY Rs. 192.2 Cr 

Quarter EPS is Rs. 12.2 

Stock is trading at P/E of 22.4x FY25E EPS

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 289.6 Cr (61.7% QoQ, 65.4% YoY) vs QoQ Rs. 179.1 Cr, YoY Rs. 175.1 Cr 

EBIDTA came at Rs. 74.7 Cr (5.7% QoQ, -44.9% YoY) vs QoQ Rs. 70.6 Cr, YoY Rs. 135.5 Cr 

EBITDA Margin came at 25.8% vs QoQ 39.4%, YoY 77.4% 

Adj. PAT came at Rs. 37.7 Cr vs QoQ Rs. 46.6 Cr, YoY Rs. 106.7 Cr 

Quarter EPS is Rs. 2.9 

Stock is trading at P/E of 13.4x TTM EPS

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 462 Cr (0.8% QoQ, 6.3% YoY) vs QoQ Rs. 458.2 Cr, YoY Rs. 434.8 Cr 

EBIDTA came at Rs. 56.3 Cr (-32.8% QoQ, 15.1% YoY) vs QoQ Rs. 83.8 Cr, YoY Rs. 49 Cr 

EBITDA Margin came at 12.2% vs QoQ 18.3%, YoY 11.3% 

Adj. PAT came at Rs. 46.3 Cr vs QoQ Rs. 79.2 Cr, YoY Rs. 30.7 Cr 

Quarter EPS is Rs. 2.8 

Stock is trading at P/E of 24.8x TTM EPS

(Nirmal Bang Retail Research) 

Result has declined 

Revenue from Operations came at Rs. 433.3 Cr (-3.3% QoQ, -19% YoY) vs QoQ Rs. 448.1 Cr, YoY Rs. 534.7 Cr 

EBIDTA came at Rs. 6.5 Cr (-81.2% QoQ, -92.7% YoY) vs QoQ Rs. 34.8 Cr, YoY Rs. 90 Cr 

EBITDA Margin came at 1.5% vs QoQ 7.8%, YoY 16.8% 

Adj. PAT came at Rs. 142.1 Cr vs QoQ Rs. 85.3 Cr, YoY Rs. 98.1 Cr 

Quarter EPS is Rs. 48.8 

Stock is trading at EV/EBITDA of 24x TTM EBITDA

(Nirmal Bang Retail Research) 

Result improved 

Revenue from Operations came at Rs. 397.5 Cr (-0.3% QoQ, 2.4% YoY) vs QoQ Rs. 398.8 Cr, YoY Rs. 388.3 Cr 

EBIDTA came at Rs. 77.5 Cr (2.9% QoQ, 11.5% YoY) vs QoQ Rs. 75.3 Cr, YoY Rs. 69.5 Cr 

EBITDA Margin came at 19.5% vs QoQ 18.9%, YoY 17.9% 

Adj. PAT came at Rs. 36.2 Cr vs QoQ Rs. 33.4 Cr, YoY Rs. 30.6 Cr 

Quarter EPS is Rs. 15 

Stock is trading at P/E of 17.2x FY25E EPS

(Nirmal Bang Retail Research) 

Result has improved 

Revenue from Operations came at Rs. 276.8 Cr (1.6% QoQ, 9% YoY) vs QoQ Rs. 272.4 Cr, YoY Rs. 253.9 Cr 

EBIDTA came at Rs. 45.9 Cr (70.9% QoQ, 43.5% YoY) vs QoQ Rs. 26.9 Cr, YoY Rs. 32 Cr 

EBITDA Margin came at 16.6% vs QoQ 9.9%, YoY 12.6% 

Adj. PAT came at Rs. 34.1 Cr vs QoQ Rs. 19.7 Cr, YoY Rs. 22.8 Cr 

Quarter EPS is Rs. 64.5 

Stock is trading at P/E of 36.4x TTM EPS

(Nirmal Bang Retail Research) 

Result ok 

Revenue from Operations came at Rs. 321.1 Cr (0% QoQ, 20.3% YoY) vs QoQ Rs. 321.1 Cr, YoY Rs. 267 Cr 

EBIDTA came at Rs. 91.7 Cr (-4.8% QoQ, 36.6% YoY) vs QoQ Rs. 96.3 Cr, YoY Rs. 67.1 Cr 

EBITDA Margin came at 28.5% vs QoQ 30%, YoY 25.1% 

Adj. PAT came at Rs. 14.7 Cr vs QoQ Rs. 53.1 Cr, YoY Rs. 30.6 Cr 

Quarter EPS is Rs. 13.5 

Stock is trading at P/E of 32.5x TTM EPS

(Nirmal Bang Retail Research) 

Result is in-line with expectations 

NII came at Rs. 2186.2 Cr vs expectation of Rs. 2268.4 Cr, YoY Rs. 1912.7 Cr, QoQ Rs. 1955.8 Cr 

PBP came at Rs. 1509.5 Cr vs expectation of Rs. 1449.9 Cr, YoY Rs. 1291.7 Cr, QoQ Rs. 1394.2 Cr 

Provision came at Rs. 86 Cr vs expectation of Rs. 8.9 Cr, YoY Rs. 75.3 Cr, QoQ Rs. 13.7 Cr 

PAT came at Rs. 1056.3 Cr vs expectation of Rs. 1041 Cr, YoY Rs. 902.7 Cr, QoQ Rs. 1027.3 Cr 

Loan Book came at Rs. 75827 Cr (+6.5% QoQ, +20% YoY) 

Gross NPA (%) came at 3.28% vs QoQ 3.62% 

Net NPA (%) came at 2.9% vs QoQ 3.23% 

Quarter EPS is Rs. 26.3 

Stock is trading at P/E of 14.1x FY25E EPS & 2.8x trailing P/BV

(Nirmal Bang Retail Research) 

Result has improved 

Revenue from Operations came at Rs. 169.6 Cr (11.5% QoQ, 2.1% YoY) vs QoQ Rs. 152.1 Cr, YoY Rs. 166.1 Cr 

EBIDTA came at Rs. 25.3 Cr (137.7% QoQ, 86.2% YoY) vs QoQ Rs. 10.7 Cr, YoY Rs. 13.6 Cr 

EBITDA Margin came at 14.9% vs QoQ 7%, YoY 8.2% 

Adj. PAT came at Rs. 9.7 Cr vs QoQ Rs. 0.3 Cr, YoY Rs. -0.1 Cr 

Quarter EPS is Rs. 5.7 

Stock is trading at P/E of 32.1x TTM EPS

(Nirmal Bang Retail Research)

Result has improved 

Revenue from Operations came at Rs. 513.4 Cr (11.5% QoQ, 90.2% YoY) vs QoQ Rs. 460.4 Cr, YoY Rs. 269.9 Cr 

EBIDTA came at Rs. 25.3 Cr (40.4% QoQ, 116.8% YoY) vs QoQ Rs. 18 Cr, YoY Rs. 11.7 Cr 

EBITDA Margin came at 4.9% vs QoQ 3.9%, YoY 4.3% 

Adj. PAT came at Rs. 13.6 Cr vs QoQ Rs. 8.9 Cr, YoY Rs. 6.1 Cr 

Quarter EPS is Rs. 10.3 

Stock is trading at P/E of 40.8x TTM EPS

(Nirmal Bang Retail Research)

Result has improved 

Revenue from Operations came at Rs. 269.1 Cr (23% QoQ, 21% YoY) vs QoQ Rs. 218.7 Cr, YoY Rs. 222.4 Cr 

EBIDTA came at Rs. 5.1 Cr (-148.1% QoQ, -207.2% YoY) vs QoQ Rs. -10.6 Cr, YoY Rs. -4.8 Cr 

EBITDA Margin came at 1.9% vs QoQ -4.8%, YoY -2.1% 

Adj. PAT came at Rs. -9.6 Cr vs QoQ Rs. 126.4 Cr, YoY Rs. -61.5 Cr 

Quarter EPS is Rs. -1.9 

Stock is trading at P/E of 12.1x TTM EPS

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

The stock of Deepak Fertilisers & Petrochemicals has been in a downtrend since October 2022. Even in 2024, the price has been on a fall till mid-March. However, since the third week of March, there has been a recovery. While it is too early to call this upswing a major bullish trend reversal, the short-term outlook appears positive for the stock.

Buzzing stocks. Vedanta, Jio FInancial, Orient Electric, Sun Pharma, Dr Reddy’s, KIMS, Tube Investments, ICICI Prudential Life, Aarti Industries

Here’s an interesting stock idea: The stock that we have today is Deepak Fertilisers. It has been on a recovery since mid-March, and we expect this uptrend to extend further in the short-term.

379.06mn IRB Infrastructure Developers (2466 cr), 10.82mn Kfin Technologies Ltd (778 cr), 205.56mn Vodafone Idea Ltd (306 cr), 534k Reliance Industries Ltd (153 cr), 1.28mn PB Fintech Ltd (153 cr), 782k Kotak Mahindra Bank Ltd (134 cr), 2.67mn Awfis Space Solutions Ltd (117 cr), 1.67mn Graphite India Ltd (97 cr), 876k Nippon India ETF Nifty 1D Rate (88 cr), 200k Anand Rathi Wealth Ltd (84 cr)

Prov Cash: Rs.crs

FII’s: -3,050 (18,108-21,158)

DII’s: +3,433 (13,748-10,315)

FIIs YTD cumulative Flows as on today (INR Cr.): - 22,241.90 (Primary + Secondary)

Todays’ Cash Vol: INR 1204Bn vs INR 1107Bn on previous trading day (+9%)

BSE Sensex-30 (P/E 23.56) - 617 (73,886) 🔽🙁

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Bank Nifty (P/E - 14.88) + 181 (48,682) 🔼🙂

Fii Cash - 3,050 Crs ☹️

Dii Cash + 3,433 Crs 😊

New 10 Yrs G’Sec. Benchmark 7.10 GS-2034 (Rs. 100.715) YTM 6.9966 % 🔽🫤

Call 6.47 % (6.49 %) 🔽😐

TREP 6.36 % (6.41 %) 🔽🫤

REPO 6.41 % (6.43 %) 🔽😐

T-Bill(3m) 6.88 % 🔽🫤

BrntCrude 83.09 $/brl ₹. 6,584 ↘️

Gold Comex 2,338 $/oz ₹/10 gms 71,850 🔽

Silver Comex 31.47 $/oz 94,100 ₹/kg ↘️

$/₹ 83.32 🔼😐

€/₹ 90.11 🔼🙂

£/₹ 105.89 🔼🙂

Data Compiled by: - Hitesh R. Pujara

(Not Responsible for Any Error)

Baltic Dry Index + 6 (1,790) 🔼

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