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Axis Bank Q1 Net Profit at Rs 6035.0 crore versus Est 5776.0 crore NII at Rs 13448.0 crore versus Est 13354 crore Gross NPA at 1.54% versus 1.43% QoQ Net NPA at 0.34% versus 0.31% QoQ (Profit numbers inline, asset quality weaken as per industry trend)

MARKET VIEW NEGATIVE FROM HERE EXPECTING PROFIT BOOKING IN MARKETS TODAY

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*Indian Equities Pre Open Update* Flat to negative opening expected to be seen for Indian equities while major focus would be on global market momentum. *Global Peers Update:* Asian equities opened with cautious note amid the weak cues from western markets amid the mixed earnings reports. U.S. stock index futures fell with technology stocks seeing renewed weakness after underwhelming second-quarter earnings from heavyweights Alphabet and Tesla. *Sectors to Watch:* Healthcare, Consumer Staple and NBFC stocks likely to remain on focus during the day. *GIFT NIFTY Price* 24403.0 *Adjusted Change:* -60.0 Points, Percent Change: -0.24% *Technical Levels: Nifty Near Future* *Support*: 24306.0/24214.0 *Resistance*: 24552.0/24608.0 *Technical Levels: Bank Nifty Near Future* *Support*: 51584.0/51398.0 *Resistance*: 52112.0/52276.0

*Securities in F&O Ban For Trade Date 24-July-2024* * GNFC * INDIACEM * SAIL

*India Daybook – Stocks in News* *Huhtamaki:* Net profit at Rs 38.5 cr vs Rs 14.5 cr, Revenue at Rs 640 cr vs Rs 620 cr (YoY) (Positive) *Thyrocare:* Net profit at Rs 23.94 cr vs Rs 17.25 cr, Revenue at Rs 156.9 cr vs Rs 135 cr (YoY) (Positive) *DCM Shriram:* Net profit at Rs 100 cr vs Rs 56.6 cr, Revenue at Rs 3070 cr vs Rs 2940 cr (YoY) (Positive) *Parag Milk:* Net profit up 27.6% at Rs 27.3 cr vs Rs 21.4 cr, Revenue up 1.1% at Rs 757.9 cr vs Rs 749.6 cr (YoY) (Positive) *Shilpa Medicare:* Company unit's manufacturing facility in Karnataka gets GMP certification from COFEPRIS- Mexico. (Positive) *IOL Chemicals:* EDQM issues certificate of suitability for IOL Chemicals' Valsartan tablets. (Positive) *Titagarh Rail Systems:* Company begins export of traction converters with first shipment to Italy (Positive) *Mahindra Logistics:* Company expects strong sequential growth and improved operating performance in the second half of FY25. (Positive) *Tata Elxsi:* Nidec Corporation and company have signed a memorandum of understanding to enhance software development capability. (Positive) *Krsnaa Diagnostics:* Company gets signed agreement from Madhya Pradesh government for setting up & operating MRI scan machines at 5 government hospitals (Positive) *Bajel Projects:* Company gets Rs 586 crore order from Power Grid for a period of 23 months. (Positive) *Infosys:* Company in pact with UVC Partners to co-create next-generation solutions using AI and DeepTech. (Positive) *SSWL:* Company exploring various avenues to foray into EV segment. (Positive) *IRCON:* Company says that dispute matter with HCC closed in arbitration (Positive) *Dr Reddys:* Company to consider stock split, including for ADRs, on July 27. (Positive) *JTL Industries:* Company approves allotment of 1.42 crore shares to eligible QIBs at issue price of Rs 211/share aggregating to Rs 299 crore. (Positive) *Mahindra Logistics:* Company approves re-appointment of Rampraveen Swaminathan as MD & CEO for 5 years. (Positive) *HUL:* Net profit at Rs 2538 cr vs Rs 2472 cr, Revenue at Rs 15,339 cr vs Rs 15,148 cr (YoY) (Neutral) *Bajaj Finance:* Net profit at Rs 3912 cr vs Rs 3437 cr, NII at Rs 8365 cr vs Rs 6717 cr (YoY) (Neutral) *Torrent Pharma:* Net profit at Rs 457 cr vs Rs 378 cr, Revenue at Rs 2859 cr vs Rs 2591 cr (YoY) (Neutral) *Schaeffler India:* Net profit at Rs 245.4 cr vs Rs 237.2 cr, Revenue at Rs 2106.8 cr vs Rs 1829.1 cr (YoY) (Neutral) *United Spirits:* Net profit at Rs 299 cr vs Rs 238 cr, Revenue at Rs 5830 cr vs Rs 5352 cr (YoY) (Neutral) *ICICI Prudential:* Net profit at Rs 2250 cr vs Rs 2080 cr, Net Premium Income at Rs 7870 cr vs Rs 7020 cr (YoY) (Neutral) *MIC Electronics:* Net profit at Rs 2 cr vs Rs 1.2 cr, Revenue at Rs 10.70 cr vs Rs 7 cr (YoY) (Neutral) *Tata Consumer:* Company approved rights issue size of 36.6m shares worth 29.98 Billion Rs, company approved rights issue price at 818 Rs per share (Neutral) *KIMS:* Comapny has received approval for the merger of its subsidiary, Rajyalakshmi Healthcare Private Limited (Neutral) *South Indian Bank:* Board meeting on 30th July to consider fund raising (Neutral) *Tide Water:* Company decides to change the name to Veedol Corporation (Neutral) *Vedanta:* Board meeting on 26th July to consider interim dividend (Neutral) *KEC International:* Company to consider fund raising on July 26 via equity/debt (Neutral) *Jubilant Ingrevia:* Company issued commercial papers worth 1b Rupees (Neutral) *Apollo Micro:* Company to issue warrants worth 2.65b Rupees (Neutral) *Tata Steel:* Board Meet on 31st July to consider Q1FY25 earnings (Neutral) *Adani Power:* Company acquires remaining stake in Mirzapur Thermal Energy from Adani Infra. (Neutral) *Welspun Specialty:* Net profit at Rs 1.95 cr vs Rs 11.10 cr, Revenue at Rs 162 cr vs Rs 160 cr (YoY) (Negative) *MIC Electronics:* Kalidindi Satyanarayana Raju resigns as CEO of MIC Electronics with effect from July 10. (Negative)

Q1FY25 EARNING CALENDAR 25.07.2024 AAVAS, ADANIGREEN, ASHOKLEY, AUBANK, CANBK, CHALET, CHENNPETRO, CYIENT, DLF, FOSECOIND, GLS, GODIGIT, HOMEFIRST, JWL, JYOTHYLAB, LAURUSLABS, LTFOODS, MGL, MHRIL, MPHASIS, NESTLEIND, PNBHOUSING, PRAJIND, RAMCOCEM, TECHM, THANGAMAYL, UBL, UJJIVANSFB, VENUSPIPES, VESUVIUS, VSSL, VSTIND, WESTLIFE ASHOKLEY • Revenue expected at Rs 8816 crore versus Rs 8189 crore • EBITDA expected to be seen at Rs 989 crore versus Rs 820 crore • EBITDA margin expected to be seen at 11.2 % versus 10.01 % • Net profit expected to be seen at Rs 569 crore versus Rs 577 crore AUBANK • NII expected at Rs 1869 crore versus Rs 1246 crore • EBIT expected to be seen at Rs 849 crore versus Rs 513 crore • EBIT margin expected to be seen at 44.2 % versus 41.1 % • Net profit expected to be seen at Rs 485 crore versus Rs 386 crore CANBK • NII expected at Rs 9597 crore versus Rs 8665 crore • EBIT expected to be seen at Rs 7685 crore versus Rs 7604 crore • EBIT margin expected to be seen at 52.6 % versus 56.3 % • Net profit expected to be seen at Rs 3935 crore versus Rs 3534 crore LAURUSLABS • Revenue expected at Rs 1337 crore versus Rs 1181 crore • EBITDA expected to be seen at Rs 241 crore versus Rs 166 crore • EBITDA margin expected to be seen at 18.02 % versus 14.05 % • Net profit expected to be seen at Rs 84 crore versus Rs 24 crore MGL • Revenue expected at Rs 1550 crore versus Rs 1612 crore • EBITDA expected to be seen at Rs 380 crore versus Rs 395 crore • EBITDA margin expected to be seen at 24.51 % versus 24.50 % • Net profit expected to be seen at Rs 255 crore versus Rs 252 crore MPHASIS • Rupee Revenue expected at Rs 3461 crore versus Rs 3412 crore • EBIT expected to be seen at Rs 525 crore versus Rs 508 crore • EBIT margin expected to be seen at 15.1 % versus 14.8 % • Net profit expected to be seen at Rs 402 crore versus Rs 393 crore TECHM • Rupee Revenue expected at Rs 12,946 crore versus Rs 12,871 crore • EBIT expected to be seen at Rs 1054 crore versus Rs 637 crore • EBIT margin expected to be seen at 8.14 % versus 4.94 % • Net profit expected to be seen at Rs 871 crore versus Rs 661 crore UBL • Revenue expected at Rs 2585 crore versus Rs 2274 crore • EBITDA expected to be seen at Rs 256 crore versus Rs 223 crore • EBITDA margin expected to be seen at 9.9 % versus 9.8 % • Net profit expected to be seen at Rs 168 crore versus Rs 136 crore

*Q1FY25 EARNING CALENDAR 24.07.2024* ABSLAMC, AURIONPRO, *AXISBANK*, *BAJAJFINSV*, BAJAJHLDNG, BIKAJI, *CGPOWER*, CMSINFO, CRAFTSMAN, DCBBANK, EPACK, EPIGRAL, *FEDERALBNK*, GOCOLORS, HFCL, IEX, *IGL*,*JINDALSTEL*, JKPAPER, JSWHL, KPITTECH, KTKBANK, *L&T*, MAHLIFE, MASFIN, *OFSS*, PDSL, *PETRONET*, PGEL, PNBGILTS, *POWERINDIA*, RKFORGE, *SBILIFE*, SIS, *SONACOMS*, SYNGENE, TATVA, TIPSINDLTD, TIRUMALCHM, TRIDENT, TTML, VGUARD *AXISBANK* • Revenue expected at Rs 13368 crore versus Rs 11958 crore • EBIT expected to be seen at Rs 9665 crore versus Rs 7779 crore • EBIT margin expected to be seen at 72.2% versus 65% • Net profit expected to be seen at Rs 6448 crore versus Rs 5797 crore *CGPOWER* • Revenue expected at Rs 2154 crore versus Rs 1874 crore • EBITDA expected to be seen at Rs 291 crore versus Rs 265 crore • EBITDA margin expected to be seen at 13.5% versus 14.1% • Net profit expected to be seen at Rs 217 crore versus Rs 203 crore *FEDERALBNK* • Revenue expected at Rs 2346 crore versus Rs 1918 crore • EBIT expected to be seen at Rs 1377 crore versus Rs 1302 crore • EBIT margin expected to be seen at 58.6% versus 67.8% • Net profit expected to be seen at Rs 936 crore versus Rs 853 crore *IGL* • Revenue expected at Rs 3575 crore versus Rs 3964 crore • EBITDA expected to be seen at Rs 521 crore versus Rs 521 crore • EBITDA margin expected to be seen at 14.5% versus 13.1% • Net profit expected to be seen at Rs 374 crore versus Rs 433 crore *JINDALSTEL* • Revenue expected at Rs 12966 crore versus Rs 12588 crore • EBITDA expected to be seen at Rs 2575 crore versus Rs 2886 crore • EBITDA margin expected to be seen at 19.8% versus 22.9% • Net profit expected to be seen at Rs 1142 crore versus Rs 1691 crore *L&T* • Revenue expected at Rs 53931 crore versus Rs 47882 crore • EBITDA expected to be seen at Rs 5503 crore versus Rs 4868 crore • EBITDA margin expected to be seen at 10.2% versus 10.1% • Net profit expected to be seen at Rs 2740 crore versus Rs 2493 crore *PETRONET* • Revenue expected at Rs 14273 crore versus Rs 13793 crore • EBITDA expected to be seen at Rs 1300 crore versus Rs 1104 crore • EBITDA margin expected to be seen at 9.10% versus 17.0% • Net profit expected to be seen at Rs 906 crore versus Rs 737 crore *POWERINDIA* • Revenue expected at Rs 1351 crore versus Rs 1040 crore • EBITDA expected to be seen at Rs 101 crore versus Rs 36 crore • EBITDA margin expected to be seen at 7.4 % versus 3.5 % • Net profit expected to be seen at Rs 52 crore versus Rs 2.4 crore *SBILIFE* • Revenue expected at Rs 14,867 crore versus Rs 13,104 crore • EBIT expected to be seen at Rs 597 crore versus Rs 604 crore • EBIT margin expected to be seen at 4.01 % versus 4.61 % • Net profit expected to be seen at Rs 410 crore versus Rs 381 crore *SONACOM* • Revenue expected at Rs 877 crore versus Rs 732 crore • EBITDA expected to be seen at Rs 247 crore versus Rs 203 crore • EBITDA margin expected to be seen at 28.1 % versus 27.7 % • Net profit expected to be seen at Rs 143 crore versus Rs 114 crore

*News Headlines from Business News Agencies:* *Business Standard* 📝 Gland Pharma, Zydus Lifesciences secure USFDA approvals for key medications 📝 Civil aviation ministry gets Rs 2,357 cr budgetary allocation for 2024-25 📝 Govt scraps import taxes on critical minerals to aid RE sector 📝 Cut in gold import duty will curb smuggling, boost jewellery exports: Goyal 📝 SRF Q1FY25 results: Net profit down 30% to Rs 252 cr on weak global demand 📝 Govt proposes to set up e-commerce hubs to promote exports in PPP mode 📝 Kajaria Ceramics Q1 results: PAT falls to Rs 89.82 cr, misses estimates 📝 India's decision to cut import duty on mobiles, key parts to benefit Apple 📝 Space economy receives Rs 1,000 crore venture capital in Union Budget 2024 📝 Govt gives some relief to boost MRO services in India 📝 Budget 2024 retains Rs 1.2 trillion telecom revenue goal for FY25 *Economic Times* 📝 Tata Advanced Systems Ltd, Airbus seal contract to establish H125 helicopter assembly unit in India 📝 Customs duty exemption on lithium, cobalt to aid growth of EV sector: Auto Inc 📝 RBI bounty used for managing fiscal deficit and funding growth 📝 Govt retains 14 pc rise in capital investment of Rs 67,000 cr by 8 power PSUs in FY25 📝 Coca-Cola raises annual sales, profit forecasts on steady demand 📝 Budget earmarks Rs 1.28 lakh cr for telecom min; BSNL gets lion's share of Rs 82,916 cr 📝 Centre brings three schemes via EPFO, to boost fresh employment 📝 Centre drops plan to infuse Rs 15,000-crore equity in OMCs 📝 Sushant Sreeram quits Prime Video, set to join JioCinema 📝 Union health ministry allocated Rs 90,958.63 cr in 2024-25 budget 📝 Paytm partners with Axis Bank to provide payment solutions for merchants *Mint* 📝 Disinvestment, asset monetization receipts unchanged for FY25 📝 Mutual Funds: Annual net SIP flows surge to ₹2 lakh crore by FY24 📝 Duty changes in telecom to push make in India for the world 📝 SpiceJet to raise up to ₹3,000 crore via QIP 📝 Bharat Forge's Kalyanis may enter truce talks with Hiremaths over biz assets 📝 Budget 2024: Govt hikes monetary limits for filing tax appeals 📝 No indexation benefit for property sales; new LTCG rate fixed at 12.5% 📝 Govt announces mission to boost production of critical minerals 📝 Centre to digitise land records and maps to promote credit flow to farmers 📝 Allocations for interest-free loans to states hiked to ₹1.5 tn 📝 Toyota to buy back shares worth more than $5 bn from Japan banks, insurers

*Economic Calendar – 24.07.2024* 10:30 INDIA Manufacturing PMI (Expected: 58.4 versus Previous: 58.3) 13:30 EURO Flash Manufacturing PMI (Expected: 46.0 versus Previous: 45.8) 14:00 U.K. Flash Manufacturing PMI (Expected: 51.1 versus Previous: 50.9) *19:15 U.S. Flash Manufacturing PMI (Expected: 51.6 versus Previous: 51.6)* *19:30 U.S. New Home Sales (Expected: 643K versus Previous: 619K)*

Taxation Updates: Comprehensive Breakdown 📢 Limit of Exemption for Capital Gains - Proposed exemption limit: ₹1.25 lakh/year. 📈 STT on F&O - Hiked to 0.02% (intraday) and 0.1% (delivery). 🌍 Corporate Tax for Foreign Companies - Reduced to 35%. 💹 Long-Term Capital Gains (LTCG) - Rate hiked from 10% to 12.5%. 📉 Short-Term Gains on Certain Financial Assets - 20% tax rate; rest at applicable tax rate. 📈 Long-Term Capital Gains (General) - Fixed at 12.5%. 📊 Classification of Listed Financial Assets - Held for over a year = long term. 🛒 TDS on E-commerce - Reduced from 1% to 0.1%. 💼 Tax on Certain Assets - 20% rate; rest at applicable rates. 📜 Unlisted Bonds & Debentures - CGT as per applicable rates, irrespective of holding period. 🚀 Abolishment of Angel Tax - For all classes of investors. 🌐 MNC Professionals & ESOPs - Non-penalised for investing up to ₹20 lakh in movable assets abroad. 🧾 Standard Deduction in New Tax Regime - Increased from ₹50,000 to ₹75,000. 👨‍👩‍👧‍👦 Family Pension Deduction - Enhanced to ₹25,000. 👨‍💼 Income Tax Savings for Salaried Employees - Save ₹17,500. 📊 Revised Tax Rates in New Regime - 0-3L: 0% - 3-7L: 5% - 7-10L: 10% - 10-12L: 15% - 12-15L: 20% - Over 15L: 30% Stay informed and plan your finances accordingly! 🚀

Taxation Updates: Comprehensive Breakdown 📢 Limit of Exemption for Capital Gains - Proposed exemption limit: ₹1.25 lakh/year. 📈 STT on F&O - Hiked to 0.02% (intraday) and 0.1% (delivery). 🌍 Corporate Tax for Foreign Companies - Reduced to 35%. 💹 Long-Term Capital Gains (LTCG) - Rate hiked from 10% to 12.5%. 📉 Short-Term Gains on Certain Financial Assets - 20% tax rate; rest at applicable tax rate. 📈 Long-Term Capital Gains (General) - Fixed at 12.5%. 📊 Classification of Listed Financial Assets - Held for over a year = long term. 🛒 TDS on E-commerce - Reduced from 1% to 0.1%. 💼 Tax on Certain Assets - 20% rate; rest at applicable rates. 📜 Unlisted Bonds & Debentures - CGT as per applicable rates, irrespective of holding period. 🚀 Abolishment of Angel Tax - For all classes of investors. 🌐 MNC Professionals & ESOPs - Non-penalised for investing up to ₹20 lakh in movable assets abroad. 🧾 Standard Deduction in New Tax Regime - Increased from ₹50,000 to ₹75,000. 👨‍👩‍👧‍👦 Family Pension Deduction - Enhanced to ₹25,000. 👨‍💼 Income Tax Savings for Salaried Employees - Save ₹17,500. 📊 Revised Tax Rates in New Regime - 0-3L: 0% - 3-7L: 5% - 7-10L: 10% - 10-12L: 15% - 12-15L: 20% - Over 15L: 30% Stay informed and plan your finances accordingly! 🚀 https://t.me/wealthindia_stockmarket

Good Morning Traders Have a Profitable Day