SLL -- Short Term

SHORT TERM CALL

Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..

Shali Fin -- Short Term Calls

SHORT TERM CALL

Buy Shalibhadra Finance Cmp 143 SL Below 118 Tgt 152 / 160 / 168 / 176 / 184++ In Coming Days..

In News

In News

Rate-sensitive stocks including banks, auto and real estate will be in focus on February 8 ahead of the outcome of the MPC meeting.

Hero MotoCorp: The two-wheeler major has recorded a 3.6 percent year-on-year increase in standalone profit at Rs 711 crore for the quarter ended December FY23, led by other income but impacted by weak operating performance. Revenue for the quarter at Rs 8,031 crore grew by 1.9 percent over the year-ago period, with 4 percent decline in sales volumes. At the operating level, EBITDA (earnings before interest, tax, depreciation and amortisation) fell by 3.7 percent YoY to Rs 924 crore with the margin declining 70 bps for the quarter. The company announced an interim dividend of Rs 65 per share.

Bharti Airtel: The telecom operator has reported a 26 percent sequential decline in consolidated profit at Rs 1,588 crore for the three-month period ended December FY23, impacted by licence fee provision. Revenue from operations for the quarter grew by 3.7 percent QoQ to Rs 35,804 crore, with average revenue per user climbing by Rs 3 to Rs 193 for the quarter. On the operating front, EBITDA increased by nearly 5 percent QoQ to Rs 18,453 crore with a margin expansion of 101 bps for the same period.

Adani Green Energy: The renewable energy arm of the Adani Group has registered a 110 percent year-on-year increase in consolidated profit at Rs 103 crore for the December FY23 quarter despite weak operating performance and exceptional loss, supported by other income and strong topline. Revenue for the quarter at Rs 1,973 crore increased by 41 percent YoY, while EBITDA fell 18.2 percent YoY to Rs 853 crore with the margin declining 3,127 bps to 43.23 percent for the same period.

Sobha: The south-based real estate firm has reported a 48 percent year-on-year decline in consolidated profit at Rs 31.8 crore for the quarter ended December FY23, impacted by weak operating performance. Revenue surged 40 percent YoY to Rs 868.2 crore for the quarter, with a highest-ever quarterly sales volume of 1.48 million square feet, up 12 percent YoY and best average price realisation of Rs 9,653 per square feet, up 22 percent YoY. However, EBITDA fell 41 percent YoY to Rs 88.8 crore for the quarter with a margin of 1,393 bps YoY to 10.22 percent in the same period.

PC Jeweller: Consortium of four banks - IDBI Bank, Indian Bank, Bank of India and Karur Vysya Bank - has issued their loan recall notices to the company. The legal proceedings between State Bank of lndia (lead bank) and the company are continuing, and the next date of hearing will be February 28, 2023. The company's showrooms (barring three - Preet Vihar, Pitampura and Kingsway Camp - in Delhi) are operational.

Aurobindo Pharma: Step-down subsidiary Aurolife Pharma has received approval from US Food and Drug Administration to manufacture and market the Diclofenac sodium topical solution. Diclofenac sodium topical solution is used in the treatment of osteoarthritis of the knees. The product is expected to be launched in Q1FY24, and has an estimated market size of around $487 million for 12 months ending December 2022, according to IQVIA.

Thermax: The energy and environment solutions provider has registered 59 percent year-on-year growth in profit at Rs 126.2 crore for the quarter ended December FY23, driven by good performance in all three segments (energy, environment and chemical) and last year's margins were affected by higher commodity and freight costs, which have now stabilised. Revenue climbed 27 percent YoY to Rs 2,049 crore for the quarter, while EBITDA at Rs 161 crore for the quarter grew by 42.4 percent with a margin expansion of 86 bps compared to the year-ago period. As on December 2022, Thermax Group had an order balance of Rs 9,859 crore, up 33 percent YoY, but order booking for the quarter was 10 percent lower at Rs 2,204 crore.

In News

In News

Larsen & Toubro: The infrastructure major has reported a robust 24 percent year-on-year growth in consolidated profit at Rs 2,553 crore despite weak operating margin performance. Consolidated revenues at Rs 46,390 crore for the quarter grew by 17 percent YoY aided by improved execution in the infrastructure projects segment and continued growth momentum in the IT&TS portfolio. The company received orders worth Rs 60,710 crore during the quarter, a 21 percent YoY growth, taking the consolidated order book to Rs 3.86 lakh crore as of December FY23.

Tech Mahindra: The IT services company has clocked a 0.9 percent sequential growth in consolidated profit at Rs 1,297 crore for quarter ended December FY23, with revenue rising 4.6 percent QoQ to Rs 13,735 crore, beating analysts' estimates. Revenue in dollar terms grew by 1.8 percent QoQ to $1,668 million with constant currency revenue growth at 0.2 percent. Operating numbers were ahead of expectations while deal wins at $795 million for the quarter.

Bharat Petroleum Corporation: The state-owned oil retailer clocked a standalone profit of Rs 1,960 crore for December FY23 quarter against a loss of Rs 304.2 crore in the previous quarter, with strong operating performance amid a fall in oil prices. Revenue grew by nearly 4 percent sequentially to Rs 1.19 lakh crore.

REC: The power projects finance company has recorded a 4 percent year-on-year growth in standalone profit at Rs 2,878 crore for quarter ended December FY23, with a weak topline. Standalone revenue from operations at Rs 9,695 crore fell by 3.1 percent compared to the year-ago period.

IIFL Finance: The company has clocked a massive 37 percent year-on-year growth in profit at Rs 423.2 crore for the quarter ended December FY23, with revenue from operations rising 18 percent YoY to Rs 2,121 crore for the quarter. Pre-provision operating profit at Rs 773 crore grew by 26 percent YoY. Overall core loan portfolio grew by 26 percent YoY, but the non-core (primarily construction and real estate finance) portfolio shrunk by 7 percent. Asset quality improved with gross non-performing assets (NPA) falling 30 bps QoQ to 2.1 percent and net NPA declining 10 bps QoQ to 1.1 percent for the quarter.

Adani Enterprises: International Holding Company, the diversified Abu Dhabi-based conglomerate, will be investing $400 million in Adani Enterprises' further public offering (FPO), through its subsidiary Green Transmission Investment Holding RSC Limited. The Rs 20,000 crore FPO was subscribed 3 percent on the second day of bidding.

KEC International: The infrastructure EPC major and an RPG Group company secured new orders of Rs 1,131 crore across various businesses including transmission and distribution, and civil segment. With these orders, the YTD order intake stands at over Rs 15,500 crore, a growth of 10 percent YoY.

In News

In News

Hindustan Unilever: The FMCG major clocked an 11.7 percent year-on-year growth in standalone profit at Rs 2,505 crore for the quarter ended December FY23, backed by revenue from operations that grew by 16.3 percent to Rs 15,228 crore for the quarter with domestic volume growth at 5 percent, and higher other income. Profitability was impacted by an exceptional loss of Rs 102 crore for the quarter against Rs 66 crore in the year-ago period. At the operating level, EBITDA increased 7.9 percent to Rs 3,537 crore but the margin fell 180 bps YoY to 23.2 percent in Q3FY23 impacted by higher raw material costs. Royalty fees paid by the company to Unilever Plc have been increased to 3.45 percent from 2.65 percent of turnover.

PVR: The multiplex chain operator has reported a consolidated profit of Rs 16.1 crore for the quarter ended December FY23, against a loss of Rs 10.2 crore in the same period last year. Consolidated revenue for the quarter at Rs 941 crore increased by 53 percent, with the movie exhibition business growing 37 percent and others (including movie production & distribution) by 23.5 percent YoY. EBITDA in Q3FY23 grew by 75 percent to Rs 288.8 crore and the margin expanded by nearly 4 percentage points to 30.7 percent for the quarter YoY.

Sun Pharmaceutical Industries: The pharma company is going to acquire Concert Pharmaceuticals for $576 million or $8 per share. Concert stockholders will also receive a non-tradeable contingent value right (CVR) entitling holders to receive up to an additional $3.50 per share on deuruxolitinib achieving certain net sales milestones within specified periods. Concert is a late-stage biotechnology company, developing deuruxolitinib, an oral inhibitor of Janus kinases JAK1 and JAK2 for the treatment of alopecia areata, an autoimmune dermatological disease.

Can Fin Homes: The company has reported a 31 percent year-on-year growth in profit at Rs 151.5 crore for quarter ended December FY23, supported by lower provisions. Net interest income for the quarter at Rs 251.71 crore grew by 22.23 percent YoY. Asset quality improved with gross non-performing assets (NPA) improving by 2 bps QoQ to 0.60 percent and net NPA falling 5 bps to 0.30 percent in Q3FY23.

Hindustan Zinc: The company has reported a 20.2 percent year-on-year decline in consolidated profit at Rs 2,156 crore for quarter ended December FY23, impacted by lower revenue, operating income and higher power & fuel cost. Revenue fell 1.6 percent YoY to Rs 7,866 crore for the quarter. EBITDA fell 15.2 percent to Rs 3,707 crore and margin dropped 760 bps to 47.1 percent compared to year-ago period. The company will pay an interim dividend of Rs 13 per share for FY23 and will buy international zinc assets from Vedanta by subscribing to the shares of THL Zinc for $2,981 million.

L&T Technology Services: The engineering services company has reported a 7.5 percent sequential growth in profit at Rs 303.6 crore for December FY23 quarter, with revenue rising 2.7 percent to Rs 2,048.6 crore and revenue in dollar terms increasing 0.4 percent to $248 million for the quarter. At the operating level, EBIT climbed 6.3 percent sequentially to Rs 382.9 crore and margin expanded 60 bps to 18.7 percent for the quarter. Also the company received a multi-year contract from Airbus for providing advanced engineering capabilities and digital manufacturing services.

Tata Consultancy Services: Canadian business jet manufacturer, Bombardier selected TCS as its strategic IT partner, to accelerate its digital transformation & drive innovation.

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

In News

In News

Hindustan Unilever: The FMCG major has completed the acquisition of 51 percent shareholding of Zywie for Rs 264.28 crore for the first tranche. With this, Zywie Ventures has become a subsidiary of the company.

State Bank of India: The Central government extended the term of office of Challa Sreenivasulu Setty as Managing Director of the country's largest lender for a period of two years with effect from January 20, 2023.

Route Mobile: The communication platform as a service provider has signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator (MNO) in Sri Lanka. The company will provide an end-to-end A2P monetization suite for all international A2P SMS' terminating on its network. Route Mobile will serve as the exclusive partner of the MNO for 2 years.

Bilcare: Rekha Jhunjhunwala has offloaded a 6.24 percent stake in Bilcare via open market transactions during January 10-11. With this, her shareholding in the company reduced to 0.106 percent, from 6.347 percent earlier.

5paisa Capital: The financial products provider has reported a 2.5 percent sequential increase in consolidated profit after tax at Rs 11.02 crore for the quarter ended December FY23. Consolidated revenue from operations at Rs 83.76 crore for the quarter grew by 5.3 percent QoQ. Consolidated profit at Rs 29.15 crore increased by 212 percent for nine months period ended December FY23 YoY, backed by improvement in quality of acquisition, reduction in CAC, focus on technology and providing superior trading platforms to customers. Revenue during the same period grew by 18.5 percent to Rs 247.3 crore.

Elgi Equipments: Pattons Inc, USA identified a suitable buyer for its property and has completed the sale on January 10. The company had already received approval from board of directors for the sale of a property of Pattons Inc, USA, a material subsidiary of the company which constituted more than 20 percent of its total assets, in June 2021 and subsequently, the shareholders at the Annual General Meeting approved the same in August 2021.

IIFL Wealth Management: The company will consider the declaration of a fourth interim dividend, if any, for FY23 as well as a sub-division of equity shares. The board members will also consider the issue of fully paid-up bonus equity share(s) to the shareholders of the company.

In News

In News

Adani Ports and Special Economic Zone: Adani Ports and Gadot Group has completed the acquisition of Haifa Port Company from the Government of Israel. The consortium had won the bid for HPC, at an offer price of $1.18 billion during July 2022. The concession period of the port is up to 2054.

PC Jeweller: During the quarter ended December 2022, the company recorded a domestic turnover of Rs 829.10 crore as compared to the turnover of Rs 600.18 crore in the corresponding quarter of the previous year, indicating a growth of more than 38 percent. It has also opened a new franchisee showroom at Katihar (Bihar) during the quarter.

Uttam Sugar Mills: The company has increased its distillery capacity (ethanol) from 150 KLPD to 250 KLPD at Barkartpur plant. Considering the government's policy and increased demand for ethanol at the national level, it has decided to increase the distillery capacity. It has also increased the cane crushing capacity from 23,750 TCD to 26,200 TCD.

Tata Motors: Subsidiary Tata Passenger Electric Mobility has completed the acquisition of Sanand property and the VM plant and machinery of Ford India. Both companies had executed a Unit Transfer Agreement in August 2022 for the acquisition of Ford India's manufacturing plant at Sanand, Gujarat, for Rs 725.7 crore.

Bank of Baroda: The public sector lender has hiked the marginal cost of funds-based lending rate (MCLR) by up to 35 bps across tenors. The rate hike will be effective from January 12.

Cupid: The company has received an order from United Nations Population Fund for the supply of male condoms and water-based lubricant worth Rs 5.21 crore. The said order will be executed by June 2023.

Investors Meet

Investors Meet

Tata Steel: Officials of the company will interact with Ontario Teachers' Pension Plan.

Greaves Cotton: The company's officials will meet Equirus Capital, Dolat Capital, Arjav Partners, Elara Capital, Arihant Capital, AV Fincorp, and Motilal Oswal AMC.

Electronics Mart India: Officials of the company will meet investors and analysts in Mumbai.

Jindal Stainless: The company's officials will attend investor meetings.

Xpro India: The company's representatives will meet analysts and investors.

Investors Meet

Investors Meet

Tata Power Company: Company's officials will meet Ninetyone UK.

Pidilite Industries: Officials of the company will interact with Prabhudas Lilladher.

Greaves Cotton: Company officials will interact with Sharekhan, Sunidhi Securities, and Itus Capital Advisors, and participate in Motilal Oswal Conference.

EKI Energy Services: Officials of the company will interact with Choice Securities.

Lloyds Metals and Energy: Company's officials will interact with Phillip Capital.

Symphony: Officials of the company will interact with Quantum Asset Management Company.

In News

Stocks in News

NTPC: The country's largest power generation company has signed a non-binding Memorandum of Understanding with Tecnimont, Indian subsidiary of Maire Tecnimont Group based in Italy. They jointly will evaluate and explore the possibility to develop commercial scale green methanol production facility at a NTPC project in India.

Time Technoplast: The company has received prestigious repeat order worth Rs 75 crore, from Adani Total Gas for supply of CNG cascades made from Type-IV composite cylinder. The delivery of these cascades will begin from January 2023.

Nureca: Promoter Payal Goyal has sold 2.74% stake in the company via open market transactions during November 29 and December 22 this year. With this, her stake in the company reduced to 29.83%, from 32.57% earlier.

GR Infraprojects: The company has received completion certificate for Expressway carriageway in Madhya Pradesh, from Authority's Engineer and has declared the project fit for entry into commercial operation with effect from December 20. The said project on EPC mode under Bharatmala Pariyojana has been completed by the company, which had contract cost of Rs 991 crore.

Dev Information Technology: The Ahmedabad-based IT services & products company has sold 5.45% stake in Dev Accelerator (DevX), a managed co-working space business, at a valuation of Rs 104 crore. This secondary sale will bring down Dev IT's shareholding in DevX from 41.26% to 35.81%.

Share India Securities: The company has received board approval for fund raising via rights issue to eligible equity shareholders, up to Rs 1,000 crore. It is going to appoint Corporate Professionals Capital as a lead Manager to the issue.

Investors Meet

Investors Meet

Greaves Cotton: Officials of company will interact with HDFC Securities.

Tata Motors: Officials of the company will interact with Aspex Management (HK), Motilal Oswal Mutual, and HDFC MF.

Blue Star: Officials of the company will interact with ICICI Prudential AMC.

Havells India, Kaynes Technology India: Officials of companies will participate in PhillipCapital "Manufacturing Day – From Make-in-India to Make-For-The-World" in Delhi.

Tata Consumer Products: Officials of the company will interact with GIC.

CE Info Systems: Officials of the company will interact with LIC MF.

CARE Ratings: Officials of the company will interact with O3 Capital, and Securities Investment Management.

Indian Bank: Officials of the bank will interact with analysts and investors.

Polycab India: Officials of the company will interact with Macquarie Capital.

Sapphire Foods India: Officials of the company will interact with Nuvama (Edelweiss), Hara Global Capital Management, Ambit Capital, and HDFC Securities.

Ircon International: Management of the company will meet Grace Yan, Portfolio Manager at Nikko Asset Management.

Change In Name Of Company

Change in name and symbol of Shriram Transport Finance Company Limited w.e.f. December 20, 2022.

Existing Name the of Company : Shriram Transport Finance Company Limited [SRTRANSFIN]

New Name of the Company : Shriram Finance Limited [SHRIRAMFIN]

Short Term Trading Calls

SHORT TERM TRADING CALLS

Buy Adani Ent Cmp 3358 SL Below 3110 Tgt 3392 / 3435 / 3469 / 3515 / 3565++

Buy Apollo Hospital Cmp 4322 SL Below 4180 Tgt 4368 / 4418 / 4456 / 4506++

Buy Titan Cmp 2632 SL Below 2510 Tgt 2666 / 2695 / 2730 / 2756 / 2789 / 2813++

Buy IGL Cmp 380 SL Below 364 Tgt 385 / 391 / 399 / 407 / 414 / 419 / 426++

Buy Maruti Cmp 8707 SL Below 8510 Tgt 8785 / 8851 / 8910 / 9000++

 

Trading Calls For 19.10.22

Short Term & Intraday Trading Calls Cash Market

Buy CESC Above 80 SL Below 76 Tgt 81.50 / 84 / 85.75 / 88+

Buy UPL Above 690 SL Below 654 Tgt 699 / 712 / 726 / 740 / 756++

Buy JindalSteel Above 445 SL Below 422 Tgt 452 / 460 / 468 / 476 / 484 / 492++

Sell Zeel Below 269 SL Above 280 Tgt 265.50 / 262 / 256 / 248 / 237..

Trading Calls

Trading Calls Intraday / Short Term

Buy Wockhardt Pharma Above 245.50 SL Below 235 Tgt 248.50 / 254 / 257.50 / 260++.

Buy Pidilite Above 2715 SL Below 2590 Tgt 2752 / 2778 / 2806 / 2830 / 2856++

Short Term Cash Market Trading Calls

Short Term Cash Market Trading Calls

• Buy Ambuja Cem Above 508 SL Below 480 Tgt 521 / 536 / 551 / 569++

• Buy Bank Of India Above 48 SL Below 45.50 Tgt 49.50 / 51 / 52.50 / 54++

• Buy KSCL Above 442 SL Below 410 Tgt 452 / 463 / 472 / 481 / 490 / 498++

• Buy PNB Above 36.50 SL Below 34 Tgt 37.25 / 38.50 / 40 / 41.50++

• Buy PowerGrid Above 218 SL Below 186 Tgt 226 / 235 / 243 / 250 / 258++..

SHORT TERM CALL INFOSYS

SHORT TERM CALL INFY (INFOSYS)

Image Credit : Chart Nexus

Buy Infy Above 1420 With Trading Stoploss Below 1345 Tgt 1445 / 1480 / 1515 / 1536 / 1584 Or Even More.

Nifty Weekly View

Nifty Weekly Prediction

Nifty Spot Last Week High Made 17726.50 & Made Low 17345.20 Closed At 17558.90, Range For Nifty Was 381.30 Points, Going Forward Nifty Resistance Seen At 17771 Above That It Likely To Hit 17875 / 17945 / 18025 (Upper Resistance). Support Seen At 17348 Below That It Will Crash Towards 17240 / 17135 / 17075 (Lower Support)... 

Nifty Weekly Chart

On Monthly Basis 17075 Support Below That It Will Crash Towards 16870, Above18025 It Will Move Upside Towards 18400.

Nifty Monthy Chart

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