Corporate Actions

Today's Corporate Action 7th Nov Ex Date

RECLTD Interim Dividend - Rs. - 5.0000

SPLPETRO Interim Dividend - Rs. - 4.0000

SUPREMEIND Interim Dividend - Rs. - 6.0000

In News

In News

State Bank of India: The country's largest bank reported highest ever quarterly net profit at Rs 13,265 crore, growing 74 percent YoY as loan loss provisions fell sharply by 25 percent during the same period. Its operating profit for Q2FY23 at Rs 21,120 crore increased 16.82 percent YoY and net interest income rose by 12.83 percent YoY to Rs 35,183 crore with loan book growing 20 percent and deposits rising 10 percent in the same period.

Bank of Baroda: The public sector undertaking recorded a 59 percent YoY growth in profit at Rs 3,313 crore for the quarter ended September FY23 as total provisions at Rs 1,628 crore fell by 41 percent YoY and other income fell 18.4 percent to Rs 745 crore in the same period. Net interest income for the quarter jumped 34.5 percent YoY to Rs 10,174 crore, with global deposits rising 13.6 percent and global advances growing 19 percent YoY.

Power Grid Corporation of India: The state-owned company reported 8 percent year-on-year growth in consolidated profit at Rs 3,650 crore for the quarter ended September FY23, with EBITDA growing 3.4 percent YoY to Rs 9,426 crore in the same quarter. Revenue from operations at Rs 11,151 crore increased by 8.6 percent compared to year-ago period.

Britannia Industries: The food company recorded a 28.5 percent year-on-year growth in consolidated profit at Rs 490.6 crore for the quarter ended September FY23, driven by strong operating performance and top line. Consolidated revenue from operations at Rs 4,379.6 crore for the quarter increased by 21.4 percent compared to year-ago period aided by mid-single digit volume growth, with market share reaching to new 15-year high. EBITDA at Rs 711.7 crore for the quarter grew by 27.5 percent and margin expanded by 78 bps YoY to 16.25 percent in Q2FY23.

DreamFolks Services: The airport lounges access aggregator clocked a massive 745 percent on-year growth in profit at Rs 14.78 crore for the quarter ended September FY23 as operating and top line numbers were strong. Revenue from operations grew by 183 percent to Rs 171.24 crore during the quarter YoY, while EBITDA increased by 195 percent to Rs 21.1 crore and margin nearly doubled to 12.33 percent compared to same period last year on healthy growth in number of passengers availing lounge access & other touchpoints.

TVS Motor Company: The two-and-three-wheeler company reported a 59.3 percent year-on-year increase in consolidated profit at Rs 373.4 crore for the quarter ended September FY23 supported by strong operating as well top line performance. Revenue for the quarter at Rs 8,561 crore increased by 32 percent compared to same period last year and EBITDA rose by 31 percent to Rs 737 crore during the same period.

InterGlobe Aviation: The IndiGo operator posted loss of Rs 1,583 crore for the quarter ended September FY23 (including foreign exchange loss of Rs 1,201.5 crore), widening from Rs 1,435.7 crore in same period last year, as EBITDAR fell 33 percent to Rs 229.2 crore during the same period on higher fuel prices, but revenue from operations increased by 122.8 percent YoY to Rs 12,497.6 crore during the quarter.

Titan Company: The company recorded a 30.3 percent year-on-year growth in consolidated profit at Rs 835 crore for the quarter ended September FY23 despite higher input cost, supported by strong operating performance and top line growth. Total income for the quarter grew by 22 percent YoY to Rs 9,224 crore with jewellery business growing 18 percent, and watches & wearables segment showing a 21 percent growth YoY.

Pending Calls Update

Pending Calls Update With Revised Stoploss

12th Oct Calls Update

• Buy Ambuja Cem Above 508 SL Below 480 Tgt 521 / 536 / 551 / 569++. Hit's 3rd Tgt Of 551, High Made 560.30. Revised SL Below 547. 

• Buy KSCL Above 442 SL Below 410 Tgt 452 / 463 / 472 / 481 / 490 / 498++ Hit's 5th Tgt490, High Made 495.45. Call Closed.

• Buy PowerGrid Above 218 SL Below 186 Tgt 226 / 235 / 243 / 250 / 258++. Hit's 2nd Tgt Of 235, High Made 236.55, Revised SL Below 216.

            18th Oct Calls Update

Buy Wockhardt Pharma Above 245.50 SL Below 235 Tgt 248.50 / 254 / 257.50 / 260++. Call Opened. Hold With Same Of SL Below 235.

19th Oct Calls Update

Buy CESC Above 80 SL Below 76 Tgt 81.50 / 84 / 85.75 / 88+ SL Was Hit On 03rd Nov Call Closed.

Buy UPL Above 690 SL Below 654 Tgt 699 / 712 / 726 / 740 / 756++. Hit's 4th Tgt Of  740, High Made 740. Revised SL Below 710.

Buy JindalSteel Above 445 SL Below 422 Tgt 452 / 460 / 468 / 476 / 484 / 492++ Hit's 4th Tgt Of 476. High Made 481.30. Revised SL Below 463.

21st Oct Calls Update

Buy Adani Ent Cmp 3358 SL Below 3110 Tgt 3392 / 3435 / 3469 / 3515 / 3565++. Full Tgt Of 3565++ Hit's On 01 Nov. Call Closed.

Buy Titan Cmp 2632 SL Below 2510 Tgt 2666 / 2695 / 2730 / 2756 / 2789 / 2813++. Hit's 4th Tgt Of 2756, High Made 2781 On 04 Nov. Revised SL Below 2700.