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290 zeel 🚀🚀🚀

Buy zeel @265 target 300 5 to 10 days

Stimulus, Consumption Fuel Economic Resilience: But for How Long? - http://in.investing.com/analysis/stimulus-consumption-fuel-economic-resilience-but-for-how-long-200594057

  ·      Abbott India announced better than Bloomberg estimated net profit. Company reported Q1 net profit Rs290cr (up 41% YoY) – Bloomberg expectation Rs250cr and Income Rs1480cr (up 13% YoY) – Bloomberg expectation Rs1430cr       Disclaimer - Investments in securities markets are subject to market risks. Please read all related documents carefully. To read complete disclaimer

187.40 crore)   ·      Shaily Engineering Plastics announced impressive Q1 results. Q1 - Revenue down 10% (YoY) at Rs 157.3 crore, Net profit is up 33% (YoY) at Rs 12.6 crore,  Ebitda up 21% (YoY) at Rs 26.77 crore and Ebitda Margins at 17.0% vs. 12.7% (YoY)   ·      Gujarat Pipavav reported weak Ebitda and Ebitda margin compare to previous year Q1 Net profit Rs67.8cr (up 14.3% YoY), Ebitda margin at 49.2% vs 54% (YoY), Income Rs214.9cr (up 4.1% YoY) and Ebitda Rs105.7cr (down 5.3% YoY)   ·      V-Guard announced strong Q1 results. Company reported Q1 Net profit Rs64.2cr (up 20% YoY) – Bloomberg estimates Rs46.8cr, Ebitda Rs104.9cr (up 28% YoY), Ebitda margin at 8.6% vs 8.1% and Income Rs1150cr (up 14% YoY) – Expectation Rs1053cr   ·      Bajaj Consumers announced impressive Q1 results. Company reported Q1 Net profit Rs45.41cr (up 36% YoY) – Bloomberg expectation Rs44.44cr, Ebitda Rs48.1cr (up 30% YoY), Ebitda margin at 18.5% vs 15.2% (YoY)  and Income Rs264cr (up 6.9% YoY)- Bloomberg expectation Rs266cr   ·      Trent announced lower than expected Ebitda and Ebitda margin. Company reported Q1 Net profit Rs148cr (up 36% YoY) – expectation Rs270cr, Ebitda Rs367.4cr (up 26% YoY) – expectation Rs483.5cr, Ebitda margin 14.2% vs 16.2% (YoY) – expectation 19.5% and Income Rs2628cr (up 46% YoY)-  expectation Rs2479cr   ·      Sjvn reported poor Ebitda and Ebitda margin compare to previous year. Company reported Q1 net Profit Rs271.8cr (down 55.4% YoY), Income Rs674.8cr (down 32.8%), Ebitda Rs502.7 (down 39% YoY) and Ebitda margin at 74.5% vs 82.5% (YoY)   ·      Power Mech reported in line with Q1 results. Company reported Q1 Net profit Rs51cr (up 29.2% YoY), Income Rs865cr (up 15.9% YoY), Ebitda Margin at 11.5% vs 11.2% and Ebitda Rs99.2cr (up 19% YoY)   ·      Natco Pharma announced impressive Q1 results. Company reported Q1 Income Rs1140cr (up 29% YoY), Ebitda Rs538cr (up 34% YoY), Ebitda margin at 46.3% vs 44.7% (YoY) and net profit Rs420cr (up 31% YoY)   ·      Dreamfolks announced weak Q1 Ebitda and Ebitda margin but strong growth of Q1 Income. Company reported Q1 Ebitda margin at 6.5% vs 12% (YoY), Net Profit Rs13cr (down 3% YoY), Income Rs266 (up 66% YoY) and Ebitda Rs17cr (down 10% YoY)   ·      Berger Paints announced better than Bloomberg estimated Ebitda and net profit. Company reported Q1 net profit Rs354cr (up 40% YoY) – Bloomberg expectation Rs325cr, Ebitda Rs557cr (up 38% YoY) – Bloomberg expectation Rs530cr, Ebitda margin at 18.7% vs 14.4% (YoY) and Income Rs3030cr (up 10% YoY) – expectation Rs3014cr.   ·      Tata Power announced strong Q1 results – both Ebitd and Ebitda margin. Company reported Q1 net profit Rs972.5cr (up 22% YoY) – Bloomberg expectation Rs768.6cr, Ebitda Rs2943.6cr (up 38% YoY) – Bloomberg expectation Rs2655cr, Ebitda margin at 19.35% vs 11.61% (YoY) – expectation 16.90% and Income Rs15213cr (up 5% YoY) – Bloomberg expectation Rs15696cr   ·      Vijaya Diagnostic Centre announced better than Bloomberg estimated Q1 net profit and Ebitda. Q1 Revenue up 15.99% (YoY) at Rs 121.05 crore -  (Bloomberg estimate: Rs 118.15 crore), Net profit up 50.14% (YoY) at Rs 26.2 crore -  (Bloomberg estimate: Rs 22.3 crore), Ebitda up 20.66% (YoY) at Rs 48.12 crore - (Bloomberg estimate: Rs 46.95 crore) and Margins at 39.75% vs 38.21% (Bloomberg estimate: 39%).   ·      JB Chemical announced better than Bloomberg estimated Ebitda and net profit Q1 net profit Rs142cr (up 35% YoY) – Bloomberg expectation Rs127cr, Ebitda Rs243cr (up 28% YoY) – expectation Rs207cr, Ebitda margin at 27.1% vs 24.2% (YoY) and Income Rs896cr (up 14% YoY) – Bloomberg expectation Rs884cr   ·      Granules India reported lower than expected Ebitda and Ebitda margin. Company reported Q1 net profit R47.9cr (down 63% YoY) – expectation Rs85.9cr, Ebitda margin at 13.9% vs 20.7% (YoY) - expectation 17.5%, Ebitda Rs140cr (down 35.3% YoY) – expectation Rs170cr and Income Rs986cr (down 3.3% YoY) – expectation Rs993cr.

  ·      Inox Wind - Promoter entities raised Rs 500 crore through the sale of equity shares of the company through block deals on exchanges on Tuesday. – Stock gain 5% Yesterday   ·      Century Plyboards (India): The company has completed the acquisition of the entire stake in Pacific Plywoods. – positive   ·      Ramco Systems – Company wins aviation deal. Company would implement its next-gen Aviation Suite V5.9 at AI Engineering Services Limited (AIESL). AIESL is the biggest DGCA-approved MRO in India that can serve as a one-stop-shop for all engineering requirements at major Airports with pan India footprint i.e. Delhi, Mumbai, Hyderabad, Thiruvananthapuram, Kolkata ,Nagpur etc – positive   ·      Jay Bharat Maruti: The company's board has approved a stock split of existing shares at a 5:2 ratio. It will split existing equity shares with a face value of Rs 5 into equity shares with a face value of Rs 2. - positive   ·      ideaForge Technology – Company  has bagged an order worth Rs 88 crore from the Defence Ministry for the supply of surveillance quadcopters, with accessories to one of the forces under the Ministry of Defence – positive   ·      Natco Pharma – Company made Q1FY24 of Rs51cr provision on pending patent litigations – Positive    ·      IPCA Labs -  Company gets SEBI nod for open offer to acquire additional 26% stake in Unichem Laboratories. Company had previously acquired a 33.4% stake in Unichem Laboratories. – positive   ·      Gensol Engineering – Company bags Rs 115 crore order from Odisha Renewable Energy Development Agency. Company will provide and manage 300 electric cars for five years. – positive   ·      Berger Paints – Company approves issue of 1 bonus shares for 4 held - positive   ·      Delhivery – Company wins contract to provide integrated supply chain solutions to Havells India’s western region demand. – Positive   ·      Equity MFs See Net Inflow Of Rs 7,625.96 Crore In July Vs Rs 8637.49 Crore - In June Multi-cap funds: Inflow of Rs 2,500.47 crore vs inflow of Rs 734.68 crore in June. Large-cap funds: Outflow of Rs 1,880 crore vs outflow of Rs 2049.61 crore in June. Mid-cap funds: Inflow of Rs 1,623.33 crore vs inflow of Rs 1,748.51 crore in June. Small-cap funds: Inflow of Rs 4,171.44 crore vs inflow of Rs 5,471.7cr – Media Report   ·      Kalyan Jewllers announced impressive Q1 results. Q1 Income Rs4375.7 (up 31.3% YoY), Net profit Rs144cr (up 33.5% YoY),  EBITDA Rs322.8cr (up 22.5% YoY) and Ebitda margin 7.4% vs 7.9% (YoY).   ·      PI Industries announced better than expected Q1 net profit and Ebitda . Company reported Q1 net profit Rs383cr (up 46% YoY) – expectation Rs345cr, Ebitda Rs470cr (up 35% YoY) – expectation Rs450cr, Ebitda margin 24.5% vs 22.40% (YoY) – expectation 23.2% and Income Rs1910cr (up 24% YoY) – expectation Rs1942cr   ·      UNO India announced above Bloomberg estimated Q1 results. Company reported Q1 Net profit Rs173cr (up 24% YoY) – Bloomberg expectation Rs163cr and Income Rs3090cr (up 21% YoY) – expectation Rs2972cr   ·      Sudarshan Chemical reported better than Bloomberg estimated Q1 results -  Revenue up 9.7% (YoY) at Rs 608.11 crore,  Ebitda up 68.7% (YoY) at Rs 69.87 crore, Ebitda margins at 11.49% vs 7.47%  (YoY) and Net profit up 3,672 (up 3672% YoY).at Rs 266.96 crore. Exceptional gain of Rs 315.10 crore owing to sale of land by the holding company in Pune.   ·      Bharat Forge announced better than expected Ebitda and Ebitda margin. Company reported Q1 Net profit Rs311.5cr (up 27.8% YoY) – expectation Rs288.3cr, Ebitda Rs548.7cr (up 26% YoY) – expectation Rs520cr, Ebitda margin 25.8% vs 14.7% (YoY) – Expectation 26% and Income Rs2127.3cr (up 21% YoY) – expectation Rs2000cr   ·      Phoenix Mills announced strong Q1 results. Q1 - Revenue up 41.1% (YoY) at Rs 810.63 crore -  (Bloomberg Estimate: Rs 769.98 crore),  Ebitda up 52.5% (YoY) at Rs 492.32 crore -  (Bloomberg Estimate: Rs 446.07 crore),  Ebitda margins at 60.73% vs 56.22% (YoY) - (Bloomberg Estimate: 57.93%) and Net profit down 61.1% (YoY) at Rs 289.71 crore (Bloomberg Estimate: Rs

  ·      Max Financial Service and Axis Bank  - Axis Bank has agreed to purchase an additional 6.23% stake in Max Life Insurance Co. for Rs 1,612 crore at Rs113.06 a share.  Axis Bank’s direct stake in Max Life will increase to 16.2% after the fund infusion and collective stake of Axis entities in the insurer will rise to about 19% - Expects positive for Max Financial Service due to major share holds and we are positive on Axis Bank   ·      Suzlon – Company to raise Rs 2,000 crore via QIP, floor price set at Rs 18.44 per share. The company may offer a discount of not more than 5 percent on the floor price (CMP 19) – Avoid due to poor balance sheet   ·      Zee-Sony merger decision by NCLT today – Today, the National Company Law Tribunal (NCLT) is set to announce its decision regarding the Zee-Sony merger case. The NCLT had initially reserved its verdict on the merger between Zee Entertainment Enterprises and Culver Max Entertainment (previously known as Sony Pictures Networks India) on July 10. – Expects volatility today   ·      NHPC – Company is exploring to develop around 20,000-22,000 MW of pumped hydro energy storage projects in the coming years – positive   ·      Focus on Interest sensitive stocks ahead of RBI credit policy today – Expects momentum on auto, real estate and banking stocks on ahead of RBI credit policy to be announce today at 10.00am (expectation) . Expectation of RBI to keep unchanged interest rate at 4.50% while RBI commentary will be important like inflation and GDP forecast to be focus today.   ·      Graphite India - Tata Realty and Infrastructure has bought over 1.02 lakh square metres of land in Bengaluru from Graphite India Ltd for Rs 986 crore. – positive due to exit non core assets   ·      Eicher Motor - Amazon Inc. tied up with Eicher Trucks and Buses to introduce as many as 1,000 electric trucks for its delivery operations over five years - Positive   ·      Larsen - Company plans to invest as much as $12 billion over the next five years, a third of which will go toward expanding its clean energy business. The company intends to build 2-3 million tonnes of green hydrogen and ammonia capacity with an investment of close to $4bn – positive   ·      ITD Cementation – Company’s JV gets $205mn order from Bangladesh – Positive   ·      Bombay Dyeing – Company approved de-listing GDR from Luxembourg Exchange – Positive    ·      FDC Share buy-back – Company to share buy-back via tender offer at Rs500 a share (CMP Rs389) worth Rs155cr or nearly 2.5% equity - Positive   ·      Adani Said to Mull Selling $2.6 Billion Wilmar Venture Stake  - Adani Enterprises is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd. for a few months, the people said, asking not to be identified as the information is confidential. Adani’s shares are worth about $2.6 billion at the current share price – media report   ·      Shyam Metalic - Company reported improvement in sales volumes of sponge iron and long steel products last month.  The company’s sponge iron volumes rose (37.2% MoM) in July while and Long steel volumes increased 5.3% MoM and 54.7% YoY – Positive   ·      Central Bank of India signed co-lending agreements with Ambit Finvest and DMI Housing Finance. Both partnerships will provide micro, small and medium entrepreneur loans but the one with DMI Housing Finance will also cover home loans. As part of the agreements, the Central Bank of India will take into its books 80% of the MSME and home Loans under mutually agreed terms, while Ambit and DMI will handle the processing and origination of the lending products.- positive

  ·      Gold – Gold edged by 1% to 1-month low at $1915/ounce down for a second day as the dollar strengthened amid worries about China’s economic recovery..   ·      Previous Day market Update – Equity benchmark index bounced back into positive territory on last hour and Nifty recovered 1% from the intra-day after the European markets open on a strong note. European market soared between 1-2% after the Italy government said that the new windfall tax on banks would not amount to more than 0.1 per cent of their assets. This soothed the concerns of markets after Itlay announced a 40 per cent windfall tax on banks for the year 2023 which resulted European markets yesterday declined between 1-2%. Moreover, traders recovered short position ahead of key events of RBI credit policy and US Inflation data to be announce tomorrow. Moreover, market sentiment were boosted after the Bharat Forge and other mid-cap stocks announced impressive quarterly results during the market hours.   Sensex advance 149 points, or 0.25 per cent to close at 65,995. Sensex touched intra-day low of 65444 and intra-day high of 66066.  Nifty closed the day at 19,632, up 62 points, or 0.31 per cent. Nifty touched intra-day low of 19647 and intra-day high of 19470. Reliance Industries, Tata Motor, Dr Reddy, ITC, L&T and Hindalco lifted Nifty higher at the end of the day. Auto, metal and Pharma stocks were major gainers today. FIIs were net buyers Rs7644cr while DIIs were net sellers Rs598cr on previous day.   ·      Nifty Technical Levels – Nifty formed a Bullish candle on daily scale with long lower shadow indicating buying was visible at base. Now it has to hold above 19560 zones for an up move towards 19700 and 19800 zones whereas supports are placed at 19500 and 19420 zones.   ·      Bank Nifty Technical Levels – Bank Nifty has been consolidation in between 20DEMA and 50DEMA from the past few sessions while underperforming the broader market. Now it has to continue to hold above 44850 zones for a bounce towards 45150 then 45350 zones while a hold below the same could see weakness towards 44444 and 44250 levels.   ·      Actionable BUY –Zomato, Reliance Industries, Bharat Forge, Berger Paints, Tata Power, ONGC   ·      Brokers Radar – CLSA TGT on Bharat Forge at 987, CLSA TGT on Zee Entertainment at 300, Zee Entertainment TGT by CITI at 285, MAX Financial TGT by Jefferies at 800, Tata Power TGT by CLSA at 195. Morgan Stanley TGT on Trent at 1624.    ·      Events – RBI Credit Policy, Weekly Nifty and Bank expiry, TVS Supply chain IPO open today with price band between 187-197, KRBL results and share buy-back   ·      Results –LIC India, Pidilite Industries, Grasim, Container Corporation, HERO Motocorp, Alkem Labs, Page Industries, SAIL, Mazagoan Dock, Honeywell Automation, GIC India, Biocon, Torrent Power, Apollo Tyres, IPCA Labs, Endurance Tech, Global Health, Cholamandalm Financial, Sanofi India, Bajaj Esab India, MTAR Tech, GMM Pfaudler, Kirloskar Oil, Avanti Feeds, Genus Power, Polyplex Corp, Indiabull Realestate, Greaves Cotton, Shilpa Medicare, Electrical, Nuvoco Vista, GR Infra, Manappuram Finance, NCC, Ingersoll Rand, NBCC, Graphite India, Lemon Tree Hotel, Prince Pipe, Allcargo Logistic, Lumax Auto, Ashoka Buildcon, Dollar Industries, Car Trade, India Hume Pipe, RSMW, Spenser Retail, Jindal Poly, Jindal Photo, Orchid Pharma   ·      Corporate Action  - Alkem Labs ex-dividend Rs10, Linde India Rs4.50 and special dividend Rs7.50, Vaibhav Global Rs1.50, Lumax Auto Rs4.50, Goa Carbon Rs17.50, Lumax Industries Rs27   ·      Global Data – CPI data (US). House Price Index (UK).   ·      Market Summary – NCLT decision on Zee-Sony merger expected today, Axis Bank to acquire additional 6.23% stake in Max Life. Amazon Ties Up With Eicher to Deploy E-Trucks for Delivery. Adani Said to Mull Selling $2.6 Billion Wilmar Venture Stake, Larsen Plans $12 Billion Expansion Led by Green Energy, Bharat Forge, V-Guard, Berger Paints, JB Chemical announced, Tata Power better than expected Q1 results. Trent, Granules India and Dreamfloks announced poor Q1 results.

News & Impact     ·      Expects market to open on a flat note on ahead of key RBI credit policy (10AM) and US Inflation data to be announce today (India Impact on US Inflation tomorrow). Expect the RBI's Monetary Policy Committee (RBI MPC) to keep the REPO rate unchanged at 4.50%, as inflation rate in India remains within the upper threshold of tolerance. Market will focus on RBI commentary today. RBI may forecast on CPI and GDP data today which will be important for the market sentiment. RBI policy meeting, US CPI data, many large cap and mid-cap quarterly results and Nifty & Bank Nifty weekly expiry may keep domestic market on a higher intra-day volatility. SGX Nifty declined by 60 points or 0.3% while US Future gained by 0.2%. Focus on auto, real estate and banking stocks on ahead of RBI credit policy to be announce today at 10.00am (expectation). FIIs turned into net buyers first time this month, impressive quarterly results and strong domestic economy data will be positive for the market sentiment. Upstream oil companies like ONGC, Oil India will be in focus after Brent Crude surged to 9-month high to above $87/bbl. Technically, Nifty sustained above 19600 level and formed a bullish candle on daily scale. Yesterday, equity benchmark index bounced back into positive territory on last hour and Nifty recovered 1% from the intra-day after the European markets open on a strong note, traders recovered short position ahead of key events of RBI credit policy and US Inflation data to be announce tomorrow. Moreover, market sentiment were boosted after the Bharat Forge and other mid-cap stocks announced impressive quarterly results during the market hours.     ·      Among the global markets, US stocks fell up to 1% on Wednesday as investors await key inflation data for clues on the US Federal Reserve’s policy path. Moody’s Investors Service cut some US bank ratings and China slipped into deflation as prices fall for first time since early 2021 pulled down the US market. However, positive factors that the US volatility Index (US Vix) was cooling down to 15 level from high of 18 level, fall in US Dollar Index and bond yield is a positive sign on ahead of US Inflation data to be release today. European market recovered yesterday after the Italy Government officials clarified that the tax would not amount to more than 0.1% of their total assets.   ·      Global Market summary – Brent Crude surged to 9-month High to above $87/bbl, Gold price fell to 1-month low. China slips into deflation as prices fall for first time since early 2021. China’s consumer price index fell by 0.3 percent in July after staying flat the previous month.   ·      US Market –  US stocks closed lower ahead of Consumer Price Index inflation data that could influence Federal Reserve interest rate decisions. Dow Jones slipped 0.5% while Nasdaq Composite dropped 1%.   ·      Asian Market – Asian shares inched lower on Thursday following a tech-led sell-off on Wall Street as investors await US monthly inflation data that will help shape the outlook for the Federal Reserve’s next steps. Equities in Japan, Taiwan, South Korea and Australia Index marginally decline.   ·      European Market – European stocks bounced back smartly and Italian banks recouped some of Tuesday’s losses as investors weighed Rome’s backtracking on part of its windfall tax on lenders. The FTSE MIB Index was up 1% after dropping the most in over a month previous day, as Italy said the impact of the tax may be limited for some banks and that the levy won’t exceed 0.1% of a firm’s assets. As a result, European markets recovered smartly. UK, Germany and France Index gained between 0.5% to 1%.   ·      Oil – Oil climbed to the highest in almost nine months to above $87/bbl on concern that a possible escalation of the conflict between Russia and Ukraine may choke off supplies in an already tightening market.

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