Stock Market Closed on November 15, 2024, for Guru Nanak Jayanti. Indian stock markets will be closed on November 15, 2024, for Guru Nanak Jayanti, with a 3-day break. MCX open for evening session, NCDEX remains closed.

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The Rs 10,000-crore initial share sale of NTPC Green Energy, the wholly-owned subsidiary of the country's largest power generation company NTPC, will open for subscription on November 19, with a price band at Rs 102-108 per share.

The public issue, which consists of an entirely fresh issue with no offer-for-sale component, will close on November 22, while the institutional investors can participate in the anchor book of up to Rs 3,960 crore on November 18.

The company has reserved Rs 200 crore worth of shares for its employees. The eligible employees will get these shares at a discount of Rs 5 per share to the final issue price. Further, Rs 1,000 crore worth of shares are reserved for shareholders.

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Do your own research and analysis or consult a SEBI registered research analyst for any kind of financial advice .

IPO Updates - 08-11-24 🔍

👉🏼 Swiggy IPO

Latest Grey Market Premium - ₹2 📉

Est. Listing - ₹392 (0.51% Profit) 📉

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👉🏼 ACME Solar Holdings IPO

Latest Grey Market Premium - ₹0 📉

Est. Listing - ₹289 (0.00% Profit) 📉


👉🏼 Niva Bupa Health Insurance IPO

Latest Grey Market Premium - ₹0

Est. Listing - ₹74 (0.00% Profit)

Stock Market News 🗞️
1. GIFT Nifty signals a positive start; Asian stocks trade higher and US markets surge.

2. In the last trading session, the Sensex was down 836.34 points at 79,541, and the Nifty was down 284.70 points at 24,199

3. Bank of England lowers interest rate to 4.75%, signals gradual cuts amid inflation concerns

4. Market regulator Sebi may water down skin- in-game rules for MF executives

5. Flls net sell shares worth Rs 4,889 crore, DIIs net buy Rs 1,787-crore shares

6. Tata Power partners with Noida Airport for Rs 550 cr clean energy project

7. Trent Q2FY25 results: PAT rises 44.3% to Rs 338.75 cr despite headwinds

8. Indian Hotels Q2 net profit jumps 232% to Rs 554 crore, revenue up 27%

9. Swiggy IPO subscription status day 2: Issue booked 35%, retail 84%; GMP dips further

10. M&M Q2FY25 results: PAT up 35% at Rs 3,171 crore on strong auto sales

1. GIFT Nifty signals a positive start; Asian stocks trade higher and US markets surge.

2. In the last trading session, the Sensex was down 836.34 points at 79,541, and the Nifty was down 284.70 points at 24,199

3. Bank of England lowers interest rate to 4.75%, signals gradual cuts amid inflation concerns

4. Market regulator Sebi may water down skin- in-game rules for MF executives

5. Flls net sell shares worth Rs 4,889 crore, DIIs net buy Rs 1,787-crore shares

6. Tata Power partners with Noida Airport for Rs 550 cr clean energy project

7. Trent Q2FY25 results: PAT rises 44.3% to Rs 338.75 cr despite headwinds

8. Indian Hotels Q2 net profit jumps 232% to Rs 554 crore, revenue up 27%

9. Swiggy IPO subscription status day 2: Issue booked 35%, retail 84%; GMP dips further

10. M&M Q2FY25 results: PAT up 35% at Rs 3,171 crore on strong auto sales

1. GIFT Nifty signals a negative start; Asian stocks gains and US markets positive.

2. In the last trading session, the Sensex rose by 649.37 points, to settle at 79,431. Nifty50 increased by 198.00 points, to reach 24,193.

3. Yesteday, DIIs net buy shares worth Rs 3,031 crore, FIIs net sell Rs 2,569 crore

4. Govt to sell 2.5% in Hindustan Zinc at floor price of Rs 505 per share

5. Mazagon Dock Q2 Results: Net profit jumps 76% YoY to Rs 585 crore; revenue surges 51%

6. L&T to acquire 21% stake in E2E Networks in two-part Rs 1,406 crore deal

7. Mankind Pharma Q2 Results: Net profit rises 29% to Rs 659 crore, revenue up 13%

8. Apollo Green Energy prepares for IPO, eyes Rs 10,000 cr portfolio by 2025

9. Oil India Q2 Results: Profit rises five-fold to Rs 1,834 crore, revenue declines 7%

10. JK Tyres Q2 net falls 42% on weak demand, high natural rubber prices

Stock Market News 🗞️
1. GIFT Nifty signals a negative start; Asian stocks mixed and US markets down.

2. In the last trading session, the Sensex was

down 941.88 points at 78,782, and the Nifty was down 314.00 points at 23,990

3. Strong demand revives manufacturing PMI to 57.5 in October after 8-mth low

4. Sensex trailing P/E declines to 22.9x, lowest in the past 12 months

5. IPO-bound NSE posts 57% rise in Q2 net profit at Rs 3,137 crore

6. Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals

7. Sagility India mobilises Rs 945 crore from anchor investors, IPO to open on November 5

8. Gland Pharma Q2FY25 results: Net profit falls 15.7% to Rs 164 crore

9. ABB India Q2 Results: PAT jumps 21% YoY to Rs 440 crore

10. JK Paper Q2 results: Net down 57.84% at Rs 128.85 cr on higher expenses

Good morning 🌅🌞
Stock - Market News 🗞️

1. GIFT Nifty signals a muted start; Asian stocks climbed and US markets up.

2. In the last trading session, the Sensex was up 335.06 points at 79,724.12, and the Nifty was up 99 points at 24,304

3. Auto stocks race ahead on special Muhurat trading as strong October sales fuel gains

4. FPIs record unprecedented Rs 1 lakh Cr sell- off in October, remain buyers in cash market

5. Niva Bupa Health Insurance Rs 2,200cr IPO to open on Nov 7. Sets price band of Rs 70-74/sh

6. 36% companies in Nifty 50 miss estimates in Sep quarter, shows data

7. Ola Electric sells over 50,000 units, registers 41,605 units in Oct

8. JSW Steel, Posco look at 50:50 joint venture for steel plant in India

9. DLF to invest Rs 8,000 crore to build super- luxury project in Gurugram

10. Canara Bank aims Rs 6,000 cr recovery in H2 FY25, expect Rs 3,000 cr in Q3

🚨 Swiggy Limited is set to launch its highly anticipated IPO on 6th November 2024.

🔸️Key details include:
- Anchor allotment date: 5th November 2024
- IPO issue date: 6th - 8th November 2024
- Listing date: 13th November 2024
- Face value: ₹1 per share
- Retail portion: 10% of the total issue
- Issue size: Approx ₹11,500 crores
- Objective: Proceeds from the IPO will be used for growth, expanding services, and possibly new acquisitions.

With this mega IPO, Swiggy aims to strengthen its market presence and attract retail and institutional investors alike.

Disclaimer: this information is only an update or just for educational purposes.

1. GIFT Nifty signals a positive start; Asian stocks slides and US markets down.

2. In the last trading session, the Sensex was down 138.74 points at 80,081, and the Nifty50 was down 36.60 points at 24,435

3. JP Morgan sees crude oil falling to $60s by 2025 despite all the tension in West Asia

4. BSE Auto index races ahead over 50% since last Diwali: 8 stocks surge 50-115%

5. HUL declares dividend of Rs 29 per share, fixes Nov 6 as record date

6. Sona Comstar to acquire railway equipment division of Escorts Kubota for Rs 1,600 crore

7. Godavari Biorefineries IPO subscribed 27% on day 1, retail quota booked 48%

8. SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore

9. TVS Motor Company Q2 results: Net profit rises 45% to Rs 560.49 cr

10. Mankind completes Rs 13,768 cr acquisition of Bharat Serums and Vaccines

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. GIFT Nifty signals a positive start; Asian stocks slides and US markets down.

2. In the last trading session, the Sensex was down 138.74 points at 80,081, and the Nifty50 was down 36.60 points at 24,435

3. JP Morgan sees crude oil falling to $60s by 2025 despite all the tension in West Asia

4. BSE Auto index races ahead over 50% since last Diwali: 8 stocks surge 50-115%

5. HUL declares dividend of Rs 29 per share, fixes Nov 6 as record date

6. Sona Comstar to acquire railway equipment division of Escorts Kubota for Rs 1,600 crore

7. Godavari Biorefineries IPO subscribed 27% on day 1, retail quota booked 48%

8. SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore

9. TVS Motor Company Q2 results: Net profit rises 45% to Rs 560.49 cr

10. Mankind completes Rs 13,768 cr acquisition of Bharat Serums and Vaccines

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Stocks to watch-

Adani Ports and Special Economic Zone: Adani International Ports Holdings Pte Ltd (AIPH), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.

Cochin Shipyard: Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard, has won an order from Ocean Sparkle Limited, an Indian tug operator under Adani Harbour Services, for the construction of three Azimuth Stern Drive (ASD) Tugs of 70 T bollard pull power.

Deepak Nitrite: The company announced that its subsidiary, Deepak Chem Tech Ltd, will acquire a 100% stake in Narmada Thermal Power Private Ltd for a cash consideration of ₹61.65 crore. The acquisition is expected to be completed by June 30.

Tata Steel: The company faces industrial action from around 1,500 employees based at Port Talbot and Newport Llanwern in Wales. The steelworkers' union, Unite the Union, announced plans to proceed with the industrial action in protest against Tata Steel's job cuts associated with the closure of old blast furnaces.

Maruti Suzuki India: The company's total sales dipped by 2% to 1.74 lakh units in May, while domestic sales rose by 3.7% to 1.57 lakh units. Domestic passenger vehicle sales saw a marginal increase of 0.2%. Exports dropped significantly by 34.4%, but total production increased by 7.2%. Maruti also reduced prices of its auto gear shift variants by ₹5,000 per unit effective from June 1.

Mahindra and Mahindra: The company's total sales volumes grew by 16.7% to 71,682 units in May. Passenger vehicle sales saw a significant increase of 31%, and tractor sales increased by 9%. Tractor exports saw a massive growth of 85%.

Hero MotoCorp: The company's sales volume fell by 4.1% to 4.98 lakh units in May, with domestic sales declining by 5.7%. However, exports saw a significant growth of 67.3%.

Eicher Motors: Royal Enfield sales were down by 8%, but International Business (Royal Enfield) sales grew by 12%. Total VECV sales were up by 9.7% in May.

Praj Industries: The company reported a 4.3% YoY increase in net profit at 91.9 crore for Q4FY24. The company's revenue from operations increased 1.5% to 1,018.6 crore. EBITDA rose 20.9% to 130.8 crore, with an EBITDA margin of 12.8%. The company's order intake during the quarter was 924 crore, with a consolidated order backlog of ₹3,528 crore as of March 31, 2024.

NMDC: The company reported a 37% YoY decrease in total iron ore production to 2.34 million tonnes in May 2024, with iron ore sales dropping 22% YoY to 2.82 million tonnes.

Stocks to watch-

Sun Pharmaceutical Industries: The
pharmaceutical company has agreed to a preferential offer to acquire a 14.28% stake in the Indian Foundation for Quality Management for 12.5 crore. Meanwhile, the US FDA announced that a US-based unit of Sun Pharma is recalling 35,069 bottles of medication used to treat high pressure inside the eye due to glaucoma or other eye diseases.

Apollo Hospitals Enterprises: The company reported a consolidated net profit of ₹253.8 crore for the quarter ended March, a 76% increase from the same period a year ago, driven by reduced losses in its pharmacy, health, and lifestyle segments. It posted revenues of ₹4,944 crore, a 15% year-on-year rise from ₹4,302.2 crore.

Jio Financial Services: The Reliance group company has launched the JioFinance app in beta mode. It integrates digital banking features such as UPI transactions, bill payments, and insurance advisory services, allowing users to manage their accounts and savings on a single platform.

Muthoot Finance: The company reported a 17% increase in consolidated net profit to ₹1,182 crore for the March quarter. Total income rose to ₹4,179 crore from ₹3,298 crore a year ago. Expenditure during the quarter increased to ₹2,594 crore from 1,943 crore.

Tube Investments: A subsidiary of the company, TI Clean Mobility, acquired 5,024 equity shares (23.69% of the share capital) of IPLTech Electric from the founders for 185 crore. This acquisition increased TI Clean Mobility's shareholding in IPLTech from 65.77% to 89.46%.

Sunteck Realty: The real estate company reported a net profit of ₹101.3 crore for the fourth quarter ended March, reversing a net loss of 27.9 crore in the same quarter the previous year. Revenue from operations surged by 773.01% to 426.9 crore. EBITDA reached ₹153.4 crore, compared to a loss of ₹9.1 crore in the previous year.

Suven Pharma: The company reported a significant decline in financial performance for the year, with net profit dropping by 56.9% to 53.4 crore from 124 crore year-over-year. Revenue decreased by 31.5% to ₹252.9 crore. EBITDA fell by 57.4% to 73.3 crore, and the operating margin contracted to 29%.

Aarti Industries: The specialty chemicals company has appointed Suyog Kotecha as chief executive officer (CEO) and executive director, effective 17 June. He succeeded Rajendra V. Gogri who will step down but will continue to serve as CMD.

Stocks to watch-

Tata Steel: The steelmaker reported a 64% YoY fall in Q4 profit to ₹611.48 crore, amid lower steel realizations and poor performance in international operations. The company's consolidated revenue fell 6.7% to 58,687.3 crore. The board approved the issue of additional debt securities up to ₹3,000 crore and the infusion of up to $2.11 billion into a wholly-owned subsidiary to repay debt and support restructuring costs at Tata Steel UK.

Alkem Laboratories: The company reported a three-fold increase in its consolidated net profit for Q4FY24 to 293.56 crore, driven by the derecognition of deferred tax. The company posted a modest YoY revenue increase of 1.1% for the quarter, totalling 2,935.8 crore.

Cummins India: The company posted a 50% YoY rise in consolidated profit after tax at ₹530.5 for the March quarter, supported by robust demand in domestic and international markets. Revenue came in at 2,319 crore, up 19.9%.

Jubilant Pharmova: The company reported an over two-fold increase in consolidated profit after tax at ₹61 crore for Q4FY24. Total income from operations stood at 1,773 crore in the fourth quarter as against 1,683 crore in the year-ago period.

SBI, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, and Indian Bank: S&P Global Ratings revised its rating outlook on six Indian banks (State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank, and Indian Bank) to Positive from Stable.

GMR Airports Infrastructure: The company narrowed its net loss to ₹167.6 crore, a significant improvement from a loss of ₹638.9 crore last year. Revenue jumped 29.5% to ₹2,446.8 crore, up from 1,889.7 crore.

GR Infraprojects: The company reported a 42% spike in profit to ₹553.1 crore, up from ₹389.7 crore. Revenue rose slightly by 1% to ₹2,485.1 crore, compared to ₹2,461.1 crore last year. The company also reported an exceptional gain of 306.3 crore.

SJVN: The company reported a 255% jump in profit to ₹61.1 crore, up from 17.2 crore. However, revenue fell by 4.1% to 482.9 crore, down from ₹503.8 crore. The company also reported an exceptional gain of ₹103.84 crore. Separately, SJVN has received board approval for signing a Joint Venture Agreement with Indian Oil Corporation to form a joint venture company for developing green RTC/renewable projects and other new technology-based projects.

Stocks to watch-

Life Insurance Corporation of India: It reported a 15.6 per cent year on year (YoY) increase in standalone net premium income, reaching Rs 1.52 lakh crore in Q4FY24 compared to Rs 1.32 lakh crore. Despite a slight dip in VNB margins to 17.2 per cent from 17.5 per cent, the annualised premium equivalent (APE) witnessed a 3 per cent YoY growth, totaling Rs 21,180 crore versus Rs 20,592 crore. Net profit saw a marginal uptick of 2.5 per cent to Rs 13,763 crore from Rs 13,428 crore, with the board recommending a final dividend of Rs 6 per share.

Lumax Auto Technologies: The company's revenue jumped by 53.5 per cent YoY to Rs 757 crore in Q4FY24 from Rs 493 crore in Q4FY23. Ebitda rose by 62.2 per cent to Rs 92 crore from Rs 57 crore, leading to a slight increase in margins to 12.1 per cent from 11.5 per cent. Net profit stood at Rs 51 crore in Q4FY24 compared to Rs 24 crore in Q4FY23.

Astrazeneca Pharma: The pharma company reported a 34.6 per cent YoY increase in revenue to Rs 383 crore in Q4FY24 from Rs 285 crore in Q4FY23. However, Ebitda witnessed a decline of 17.6 per cent YoY to Rs 49 crore from Rs 60 crore, resulting in a contraction in margins from 21 per cent in Q4FY23 to 12.9 per cent in Q4FY24. Despite this, net profit surged by an impressive 129 per cent to Rs 39 crore from Rs 17 crore.

Natco Pharma: It showcased a 19 per cent YoY growth in consolidated revenue to Rs 1,068 crore in Q4FY24 compared to Rs 898 crore. Ebitda surged by 46.7 per cent YoY to Rs 497 crore in Q4FY24 from Rs 339 crore, driving an improvement in margins to 46.6 per cent from 37.8 per cent. Net profit soared by 40.1 per cent YoY to Rs 386 crore in March quarter from Rs 276 crore in the same quarter of the previous year.

Vedanta: Indian commodities tycoon Anil Agarwal's Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said. The mining major is working with advisers including Axis Bank subsidiary Axis Capital and Citigroup Inc. on the offering, the people said.

Stocks to watch-

NMDC: The company increased prices of lump ore by Rs 400 per tonne to Rs 6,200 per tonne and fines by Rs 200 per tonne to Rs 5,260 per tonne.

KEC International: The company received new orders worth Rs 1,036 crore across various businesses. The company has received transmission and distribution projects in the Middle East and the US.

Wipro: The company announced the launch of its own Lab45 Think Tank to help enterprise leaders and Wipro customers prepare for a future with emerging technologies. Lab45's Think Tank will study the impact of emerging technologies such as generative Al, space technology, spatial and quantum computing, loT, etc. on business, people, and the planet.

Tata Elxsi: Tata Power Community Development Trust has partnered with the company to drive its "Pay Autention" initiative forward.

Coromandel International: The company commenced activity to set up its 1000-crore plus phosphoric acid and sulfuric acid plants at Kakinada, Andhra Pradesh.

Rites: The company received a letter of acceptance worth $111 million from Bangladesh Railway for the supply of passenger carriages.

Rail Vikas Nigam: The KRDCL-RVNL joint venture received a letter of acceptance worth Rs 439 crore for the redevelopment of Thiruvananthapuram station.

Rashtriya Chemicals and Fertilizers: The Ministry of Chemicals approved the revised investment worth Rs 2,170 crore by the company in Talcher Fertilizers. Talcher Fertilizers is a JV between the company, GAIL, Coal India, and Fertilizer Corp.

Thomas Cook: The company and SOTC successfully operated their inaugural charter to Bhutan from Bengaluru on April 27 and the flight was operated at 100% capacity. This exceptional delivery underscores the robust demand from Bengaluru and Karnataka for premium destination experiences.