Closing Indices

16th Jan 2023 

Bse Sensex Closed @ 60092.97 ⬇️ 168.21 Points 

Nse Nifty Closed @ 17894.85 ⬇️ 61.75 Points 

Bank Nifty Closed @ 42167.55 ⬇️ 203.70 Points 

India VIX Closed @ 15.0225 ⬆️ 0.5625 Points

F&O Ban Stocks For 16.01.23

Stock under F&O ban on NSE 16-Jan-23

1 GNFC 

2 IBULHSGFIN

To Watch

TO Watch For Intraday

Wipro: The IT services company has reported nearly 15 percent sequential growth in consolidated profit at Rs 3,053 crore for quarter ended December FY23, led by better operating performance and higher other income. Revenue for the quarter at Rs 23,055.7 crore grew by 3.1 percent sequentially and revenue in dollar terms increased by 0.2 percent QoQ to $2,803.5 million with revenue growth in constant currency at 0.6 percent. Operating performance was better than analysts' expectations, with EBIT growing 11 percent QOQ to Rs 3,750.4 crore and margin expanding 119 bps to 16.3 percent for the quarter. Wipro expects revenue growth in the range of 11.5-12 percent in constant currency terms for FY23. After Result Announcement Wipro ADR -1.04%

HDFC Bank: The leading private sector lender registered a 18.5 percent year-on-year growth in standalone profit at Rs 12,259.5 crore for quarter ended December FY23, supported by strong net interest income, operating profit and lower provisions. Net interest income grew by 24.6 percent to Rs 22,988 crore, beating analysts' expectations, for the quarter. Gross non-performing assets as well as net NPAs remained unchanged at 1.23 percent and 0.33 percent on sequential basis, respectively. After Result Anniuncement Hdfc Bank Adr - +1.08%

Avenue Supermarts: The operator of hypermarket retail chain DMart clocked 6.7 percent year-on-year growth in consolidated profit at Rs 589.7 crore for quarter ended December FY23 despite healthy topline, impacted by weak operating margin performance. Revenue from operations grew by 25.5 percent YoY to Rs 11,569 crore during the quarter, while EBITDA increased by 11.4 percent to Rs 965.3 crore but margin fell 110 bps YoY to 8.3 percent for the quarter dented by higher input cost.

L&T Finance Holdings: The non-banking finance company reported consolidated profit at Rs 454 crore for quarter ended December FY23, growing 39 percent YoY. Net interest income grew by 24 percent YoY to Rs 1,693 crore for the quarter with net interest margin (including fees) expanding by 70 bps YoY to 8.8 percent. The company concluded divestment of the mutual fund business and received sale consideration of Rs 3,485 crore along with surplus cash balance Rs 764 crore, thereby aggregating to Rs 4,249 crore. L&T Finance Holdings' board has approved merger of 3 subsidiaries - L&T Finance, L&T Infra Credit, & L&T Mutual Fund Trustee - with the company.

Dr Reddy's Laboratories: The pharma company has acquired trademark rights of breast cancer drug, PRIMCYV, from Pfizer Products India. With these rights, the company will use drug in the Indian market. Since May 2022, company has been marketing the drug in collaboration with Pfizer Products India under the brand name PRIMCYV in India.

Delhivery: The logistics company completed the acquisition of Algorhythm Tech. With this, Algorhythm has become a wholly owned subsidiary of the company w.e.f. January 13, 2023.

Just Dial: The Indian local search engine reported a 288.4 percent year-on-year increase in consolidated profit at Rs 75.32 crore for the quarter December FY23, driven by strong operating performance and topline. Revenue from operations grew by 39 percent to Rs 221.4 crore for the quarter YoY. For nine months ended December FY23, profit grew by 62.2 percent YoY to Rs 79.1 crore and revenue increased by 27.5 percent to Rs 612.2 crore compared to year-ago period.

RattanIndia Enterprises: The company completed acquisition of 100 percent shareholding in the electric motorcycles company Revolt Motors. Revolt Motors is the highest selling electric bike in the country with its manufacturing facility in Manesar, Haryana. It has expanded its footprint pan-India with 30 dealerships spread across the country.

Sula Vineyards: The company recorded 13 percent year-on-year growth in its own brands gross billings at Rs 187.2 crore for quarter ended December FY23, led by strong growth in volumes as well as realisations. Wine tourism has grown 13 percent YoY to Rs 23 crore, with a 48 percent improvement in nine-month period for FY23 against same period of last year

Corporate Updates

Today's Corporate Action 16th Jan Ex Date

NEWMKTADV E.G.M.  

TCS  Interim Dividend

Today's Board Meetings 16-Jan-22

ANGELONE  Interim Dividend;Quarterly Results  

BANARBEADS Interim Dividend;Quarterly Results  

BETALA  Quarterly Results  

FEDERALBNK Quarterly Results  

GOTHIPL Interim Dividend;General;Quarterly Results  

IISL Quarterly Results  

OSCARGLO Quarterly Results  

VINNY Bonus issue;Increase in Authorised Capital;Stock  Split

In News

In News 

DELHIVERY : Company has completed the acquisition of Algorhythm Tech Pvt.Ltd ("Algorhythm Tech") on January 13, 2023 and it has become a wholly owned subsidiary of the Company.

HG Infra Engineering gets Letter of Acceptance from DMRC for a project estimated to cost Rs 399 cr

BRIGADE ENT : Com pany has acquired 100% stake in the equity shares of Tetrarch Real Estates Private Limited from its existing shareholders For RS 0.96 Cr

RATTAN INDIA : Rattanindia Enterprises Ltd. Completes 100% Acquisition Of Ev Company Revolt Motors, Revolt Motors is the highest selling electric bike in the country with its manufacturing facility in Manesar, Haryana. Revolt Motors has expanded its footprint pan-India with 30 dealerships spread across the country. With this 100% acquisition of Revolt Motors, Rattanindia Enterprises seeks to significantly scale up Revolt's growth and make it the largest EV two wheeler company in the country.

GRANULES INDIA : Company’s Gagillapur facility located at Hyderabad, has completed the US FDA’s Pre Approval Inspection from 9th Jan  to 13th Jan 2023 with 3(three) observations. Gagillapur facility mfrs Finished Dosages (FDs) and Pharmaceutical Formulation Intermediates (PFIs).

MAITHAN ALLOY : Update On Acquisition of Ramagiri Renewable Energy Limited, Company (together with its nominees) has received the entire stake (i.e. 100% shareholding) of Ramagiri Renewable Energy Limited on 13th January, 2023 pursuant to the provisions of the Share purchise agreements as executed with IL&FS Energy Development Company Limited. 

SAGAR CEMENT : Sagar Cement declared successful resolution applicant for Andhra Cements, a Jaypee Group cement manufacturer undergoing insolvency proceedings

RIL ; JIO LAUNCHES TRUE 5G IN CHHATTISGARH, BIHAR & JHARKHAND ON MAKAR SAKRANTI, Hon'ble Chief Minister of Chhattisgarh Shri Bhupesh Baghel launched services from Raipur for Chhattisgarh State.Jio Extends True 5G reach across Karnataka, Odisha, Kerala, Andhra Pradesh, and Maharashtra

SARDAENERGY :SUNIL SINGHANIA'S ABAKKUS FUND BUYS ADDITIONAL 0.22 % STAKE IN Q3 , NOW HOLDS 2.11 % STAKE IN CO.

ASTER DM :Subsidiary Malabar Institute of Medical Sciences Ltd (“MIMS”) To acquire 99.99% stake in Cantown Infra Developers LLP on January 14, 2023 For 15.44 Cr

LUPIN : Co. Says U.S. FDA inspected Lupin’s Somerset, New Jersey, U.S.A. manufacturing facility from January 2, 2023 to January 13, 2023. The inspection closed with issuance of a Form-483 with two observations.