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• Nagarjuna Agri Tech: Non-promoter Bhavani Nadimipalli has bought 7 lakh shares or 7.47% stake in the company. The off market transaction took place on August 10. • Religare Enterprises: Burman family-owned MB Finmart, VIC Enterprises, and Puran Associates, the promoters of Dabur India, bought additional 7.56% stake or 2.45 crore equity shares in the financial services company via open market transactions, at an average price of Rs 217.95 per share. Foreign portfolio investor Investment Opportunities V Pte Limited was the seller in this deal. • Religare Enterprises: Burman family-owned MB Finmart, VIC Enterprises, and Puran Associates, the promoters of Dabur India, bought additional 7.56% stake or 2.45 crore equity shares in the financial services company via open market transactions, at an average price of Rs 217.95 per share. Foreign portfolio investor Investment Opportunities V Pte Limited was the seller in this deal. • IIFL Securities: Foreign portfolio investor Fairfax Financial Holdings-owned Hamblin Watsa Investment Counsel Limited A/C Hwic Asia Fund Class A Shares has sold 60 lakh shares or 1.96% stake in the online trading platform, at an average price of Rs 65.67 per share and another 1.2 crore equity shares at an average price of Rs 65.45 per share. However, Aalidhra Textool Engineers bought 32.05 lakh shares in IIFL, Zafar Ahmadullah 40 lakh shares, and Theleme India Master Fund purchased 80 lakh shares at an average price of Rs 65.45 per share.

• NMDC: The state-run iron ore company has recorded profit at Rs 1,650 crore for first quarter of FY24, rising 12% over corresponding period previous fiscal. Revenue from operations during the quarter grew by 13% YoY to Rs 5,395 crore, but average sales realisation fell by 20% to Rs 4,850 per tonne during the same period. • Jindal Steel & Power: The company has registered consolidated profit at Rs 1,691.8 crore for quarter ended June FY24, falling 15% compared to same period previous fiscal, dented by subdued topline and operating performance. Revenue from operations for the quarter came in at Rs 12,588.3 crore, declining 3.5% on-year. • Glenmark Pharmaceuticals: The pharma company has recorded consolidated profit at Rs 173.1 crore for June FY24 quarter, declining 18% compared to year-ago quarter despite topline and operating numbers, impacted by lower other income. Revenue from operations came in at Rs 3,401.6 crore during the quarter, rising 22.5% over same period previous fiscal. • Muthoot Finance: The gold loan financing company has reported standalone profit at Rs 975 crore for the first quarter of financial year 2023-24, growing 22% over same period last fiscal. Total income grew by 21% YoY to Rs 3,026 crore during the same period. The company has received board approval for infusion of Rs 400 crore in subsidiary Muthoot Money. • City Union Bank: The private sector lender has recorded profit at Rs 227 crore for quarter ended June FY24, rising 1% over a year-ago period due to lower operating profit and other income. Elevated provisions & contingencies also impacted profitability. Net interest income dropped to Rs 523 crore in Q1FY24, from Rs 525 crore in Q1FY23. On asset quality front, gross NPA rose 54 bps sequentially to 4.91%, and net NPA jumped 15 bps QoQ to 2.51% in Q1FY24. • Patanjali Foods: The company has registered profit at Rs 87.8 crore for the quarter ended June FY24, falling sharply by 63.6% compared to year-ago period impacted by subdued other income and operating numbers. Revenue grew by 7.7% YoY to Rs 7,767.1 crore in Q1FY24. • Simplex Infrastructures: HDFC Mutual Fund has sold 5 lakh shares in the construction company at an average price of Rs 52.47 per share, and another 4.81 lakh shares at an average price of Rs 52.35 per share. HDFC Trustee Company Limited-HDFC Flexi Cap Fund & HDFC Infrastructure Fund held 8.84% stake in the company as of June 2023. However, ICM Finance purchased 3 lakh shares in Simplex at an average price of Rs 52.49 per share, and Maryada Barter bought 4 lakh shares at an average price of Rs 52.35 per share.

• Tata Motors: Citibank NA has sold 3.49 crore shares or 1% equity stake in the country's largest commercial vehicle maker, via open market transactions, at an average price of Rs 598.77 per share, which amounted to Rs 2,085.7 crore. Citibank NA New York, Nyadr Department, which is under the overseas depositories category (holding depositories), held 1.38 percent or 4.57 crore equity shares in the Tata Group company as of June 2023. • CMS Info Systems: Promoter Sion Investment Holdings Pte Limited has sold 3 crore equity shares or 19.43% stake in the cash management and payment solutions company, via open market transactions at an average price of Rs 357.17 per share. The stake sale was amounted to Rs 1,071.51 crore. However, Societe Generale, Abu Dhabi Investment Authority Stable, Public Sector Pension Investment Board, Massachusetts Institute of Technology, Nomura India Investment Fund Mother Fund, Nomura Funds Ireland Public Ltd Coindia Equity Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, Goldman Sachs Collective Trust Emerging Markets Equity ex-China Fund, Aditya Birla Sun Life Mutual Fund A/C - Aditya Birla Sun Life Digital India Fund, and ICICI Prudential Mutual Fund were buyers for more than half of shares (sold by Sion) in the block deal, buying 1.52 crore equity shares or 9.85% stake. The average buying price was Rs 356.03 per share for Societe Generale and it was Rs 356 per share for rest of buyers. • Dreamfolks Services: Aditya Birla Sun Life Mutual Fund has offloaded 4.51 lakh equity shares or 0.85% stake in the airport service aggregator company via open market transaction, at an average price of Rs 577.06 per share. The mutual fund house held 2.49% stake in the company as of June 2023. • Piramal Pharma: BNP Paribas Arbitrage has bought 8.39 lakh shares in the pharma company via open market transactions at an average price of Rs 16.09 per share. However, Life Insurance Corporation of India sold 16.57 lakh shares at an average price of Rs 15.65 per share. • HCL Technologies: The IT services company has signed a mega deal with Global 100 corporation. It expects this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of $2.1 billion over the term. In addition, the company has announced a global strategic partnership with Verizon Business, becoming Verizon's primary collaborator in all deployments involving MNS globally for enterprise customers. • Biocon: The biopharma company has recorded profit at Rs 101.4 crore for the quarter ended June FY24, falling 30% compared to year-ago period. However, revenue jumped 60% to Rs 3,422.6 crore during the same period, driven by subsidiary Biocon Biologics which grew by 106% to Rs 2,015 crore YoY on the acquisition of Viatris biosimilars business and growth in market shares for products in the US and Europe. Revenue included licensing fees of Rs 167.4 crore for the quarter.

IMPORTANT DATA • Rate sensitive stocks: Banking and financial services, real estate, and auto will be in focus ahead of the outcome of the three-day Monetary Policy Committee meeting. The Reserve Bank of India will announce its interest rate decision and economic growth and inflation outlook on August 10. • Zee Entertainment Enterprises: The media and entertainment company has reported a 97% year-on-year decline in profit from continuing operations at Rs 3.87 crore for quarter ended June FY24, impacted by weak operating numbers and exceptional loss (Rs 70.6 crore against Rs 29.9 crore YoY). Revenue from operations at Rs 1,984 crore grew by 7.6% during the same period, with subscription revenue rising 18% driven by pick up in subscription revenue post NTO 3.0 & ZEE5, but domestic advertising revenues dropped 2.6% YoY. On the operating front, EBITDA dropped 42.3% on-year to Rs 154.9 crore with margin falling 680 bps to 7.8% for the quarter. • Axis Bank: The private sector lender has received approval from the board for capital infusion of Rs 1,612 crore in Max Life through preferential allotment. With this capital infusion, Axis Bank’s direct stake in Max Life will increase to 16.22% and the collective stake of Axis Entities increase to 19.02%. The bank will now enter into a Share Subscription Agreement with Max Life for proposed acquisition through subscription to the preferential issue of 14.25 crore equity shares, at a fair market value of Rs 113.06 per share. • Tata Power Company: The Tata Group company has registered consolidated profit at Rs 972.5 crore for the quarter ended June FY24, rising 22.4% over a year-ago period, backed by healthy operating performance, and exceptional gain (Rs 234.7 crore). Revenue grew by 5% on-year to Rs 15,213.3 crore and EBITDA rose by 43% to Rs 3,005 crore on sustained business growth across all clusters. • Angel One: The stock broking company has received board approval for the scheme of arrangement involving transfer of company's business undertaking 1 to Angel Securities, and business undertaking 2 to Angel Crest. Both Angel Securities, and Angel Crest are subsidiaries of Angel One. • BSE: The country's oldest stock exchange has recorded consolidated profit of Rs 442.66 crore for the quarter ended June FY24, rising 10-fold over Rs 44 crore in year-ago period, driven by 5% stake sale in associate company CDSL, higher investment income and other income. Revenue for the quarter grew by 15.4% on-year to Rs 215.62 crore. • Bata India: The footwear major has reported consolidated profit at Rs 106.9 crore for June FY24 quarter, falling 10.5% compared to year-ago period, primarily on early start of end of season sale by industry and subdued operating numbers. Revenue from operations for the quarter at Rs 958.15 crore grew by 1.6% over a year-ago period. • Indian Railway Catering and Tourism Corporation: The state-owned railway company has recorded profit at Rs 231 crore for quarter ended June FY24, falling 7% compared to corresponding period last fiscal, impacted by exceptional loss (Rs 51.9 crore) and lower operating margin. Revenue from operations jumped 17.5% year-on-year to Rs 1,001.8 crore for the quarter. • Abbott India: The pharma company has registered profit at Rs 290.2 crore for quarter ended June FY24, rising sharply by 41.1% over a year-ago period, backed by healthy topline and operating performance. Revenue from operations for the quarter came in at Rs 1,479 crore, increasing 13.4% on-year.

These small cap stocks given 50% returns despite of booking profits.

IMPORTANT DATA • Axis Bank: The private sector lender has recorded profit lower than analysts' estimates at Rs 5,797.1 crore for quarter ended June FY24, rising 40.5% year-on-year despite sharp spike in provisions, driven by surge in other income and pre-provision operating profit. Net interest income grew by 27.4% to Rs 11,959 crore compared to year-ago period, with net interest margin expanding 50 bps YoY to 4.1%, while loan growth was at 22% YoY and deposits growth stood at 17% YoY On the asset quality front, gross non-performing assets dropped 6 bps sequentially to 1.96%, but net NPA increased 2 bps QoQ to 0.41% • Dr Reddy’s Laboratories: The pharma major has registered an 18% on-year growth in consolidated profit at Rs 1,402.5 crore for June FY24 quarter despite drop in operating margin. Revenue from operations grew by 29% YoY to Rs 6,738.4 crore with double-digit healthy growth in North America (up 79% YoY), Europe (up 22%) and Emerging Markets (up 28%). Operating profit margin dropped to 31.7% in the quarter ended June FY24, from 34.1% in year-ago period, with 14% YoY rise in selling, general & administrative expenses, and 15% increase in R&D expenses. • Tech Mahindra: The IT services provider has started off the financial year 2023-24 on a disappointing note as the profit tanked 38% sequentially to Rs 692.5 crore with Rohit Anand, Chief Financial Officer saying the quarter was a challenging one as revenue growth faced strong headwinds and that had an impact on profitability. Revenue fell 4% QoQ to Rs 13,159 crore. Revenue in dollar terms dropped 4% QoQ to $1,601 million for the quarter, while revenue in constant currency terms declined 4.2%, missing analysts estimates. New deal wins during the quarter stood at $359 million, which was lower compared to $592 million in previous quarter. • Tata Consumer Products: The FMCG company has clocked 22% on-year growth in consolidated profit at Rs 338 crore for the quarter ended June FY24, with strong growth in the India branded business and improved performance in international and non-branded business. Revenue from operations grew by 12.5% year-on-year to Rs 3,741.2 crore mainly driven by strong growth of 16% in India business, 3% (constant currency) in international business and 5% in non-branded business. Consolidated EBIDTA increased by 19% to Rs 547 crore compared to year-ago period. • Lemon Tree Hotels: The hotel chain has signed a License Agreement for an 80-room property in Zirakpur, Punjab. The hotel is expected to be operational by Q2 of FY 2027. Carnation Hotels, a wholly owned subsidiary and the hotel management arm of the company will be operating this hotel. • RBL Bank: Mahindra & Mahindra told CNBC-TV18 that they acquired 3.53% stake in RBL Bank for Rs 417 crore, and may consider raising stake in RBL further, but won't exceed 9.99%. The acquisition price was Rs 197 per share. • Poonawalla Fincorp: The non-banking finance company announced consummation of its controlling stake sale in its housing finance subsidiary Poonawalla Housing Finance (PHFL) to Perseus SG Pte Ltd, an entity affiliated to TPG Global LLC. With this stake sale, PHFL has ceased to be a subsidiary of PFL and Perseus SG Pte Ltd now holds a controlling equity stake in PHFL. PFL received a post-tax consideration of Rs 3,004 crore for its stake sale. • Rail Vikas Nigam: The Government of India is going to sell up to 7.09 crore equity shares (3.4%) of Rail Vikas Nigam, with an option to additionally sell 4.08 crore shares (1.96%) via offer for sale. The offer for sale will take place on July 27 for non-retail investors and July 28 for retail investors. The floor price has been fixed at Rs 119 per share. • Marico: The FMCG company has entered into definitive agreements to acquire upto 58% stake in Satiya Nutraceuticals. Satiya owns the brand - the Plant Fix - Plix - in health and wellness segment. As part of the transaction, the company has acquired 32.75% stake in Satiya Nutraceuticals and requisite majority control over its board composition/ total voting rights on July 26, and accordin

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