Ramkrishna Forgings India

Ramkrishna Forgings India- 3QFY23 Result Ramkrishna Forgings continued to post steady performance - RKFORG’s reported a topline growth of 29.3% YoY, though it dropped 5.7% QoQ to Rs7775mn in 3QFY23, compared to our estimate of Rs7466mn. EBITDA margin stood exactly in-line with our estimate of 22.2%. EBITDA during the quarter grew 22.5% YoY, though declined sequentially by 1.4% QoQ to Rs1730mn (MNCL Estimate: Rs1657mn). Higher than expected interest expenses and tax provision resulted in lower than estimated PAT. PAT stood at Rs610mn (up 34.4% YoY, though lower by 9.4% QoQ), lower than our estimate of Rs712mn. RKFORG has almost reached our previous target price of Rs286, giving ~61% return since our Initiating Coverage Report on July 22, 2022. We will share our detailed view, revised rating and target price after the concall with the management, scheduled today.

Aether Industries

Aether Industries Q3FY23 Net profit up 37.8% at Rs 35 cr Vs Rs 25.4 cr (YoY) Revenue up 10.5% at 167.1 cr vs 151.2 cr (YoY) EBITDA up 19.4% at Rs 47.3 cr Vs Rs 39.6 cr (YoY) Margin at 28.3% Vs 26.2%

EaseMyTrip

EaseMyTrip becomes the official travel partner for Sharjah Warriors EaseMyTrip.com has announced that it has clinched the status of being the official travel partner for the Capri global owned franchise named Sharjah Warriors. The Sharjah Warriors will be one of the participating teams in the six-team T20 tournament in the UAE conducted by the Emirates Cricket Board. Through this partnership, EaseMyTrip will have a global reach. A leading Non-Banking Financial Company in India Capri Global is the primary shareholder of Sharjah Warriors. This agreement indicates a long-term foray into sports franchising for Capri Global, led by Rajesh Sharma, Managing Director and Founder, and will enable them to capitalize on the love that people in India and throughout the globe have for cricket.

LTTS

LTTS Q3 PAT rises 7% QoQ to Rs 304 cr (20-Jan-2023 , 10:41 Hours IST) As compared to Q3 FY22, the company's net profit and revenue surged by 22% and 21.4%, respectively.Profit before tax was at Rs 445.60 crore in quarter ended 31 December 2022 (up 14.58% quarter on quarter (QoQ) and up 30.9% year on year (YoY)).EBITDA rose 5.2% QoQ and 20.1% YoY to Rs 441.2 crore in Q3 FY23. EBITDA margin stood at 21.5% as in Q3 FY23 as against 21% in Q2 FY22 and 21.8% in Q3 FY22. EBIT margin was at 18.7% as in Q3 FY23 as compared 18.1% in Q2 FY22 and 18.6% in Q3 FY22.In dollar terms, the company's revenue stood at $248 million for the quarter, registering a growth of 0.4% QoQ and 10.2% YoY. In constant currency, the firm reported flat QoQ and 13.5% increase on YoY basis.During the quarter, LTTS won five deals above $10 million total contract value (TCV) deals and a significant empanelment with Airbus in digital manufacturing.At the end of Q3 FY23, the patents portfolio of L&T Technology Services stood at 1,033, out of which 695 are co-authored with its customers and the rest are filed by LTTS.LTTS' employee strength stood at 21,649 at the end of Q3 FY23. Voluntary Attrition last twelve months (LTM) was 23.3% in Q3 FY23 as against 24.1% in Q2 FY23 and 17.5% in Q3 FY22.Amit Chadha, CEO & managing director of L&T Technology Services, said, Our double-digit revenue growth momentum continued in the third quarter led by Transportation and Industrial Products. Three of the five USD 10 million plus deal wins in Q3 were from Industrial Products on the back of our differentiated capabilities such as digital twin and sustainability driven product development.Chadha stated, We reported a record high EBIT margin of 18.7% in Q3 which helped us cross the milestone of Rs 300 crore in quarterly profits. This demonstrates our continuing endeavor for shareholder value creation. We also crossed 1,000 patent filings, reflecting the engineering and technology talent driving growth for the company. For FY23, we expect USD revenue growth to be around 15% organic, in constant currency (using Q4 FY22 currency rates as benchmark).Towards meeting our aspiration of a USD 1.5 billion run-rate by FY25, we are making strategic investments. In Q3, we opened a new center in Toronto for Digital Engineering and expanded our operations in Peoria to offer digital manufacturing and next-gen electrification solutions. Recently we announced the acquisition of Smart World and Communication (SWC) which is a progression of our 6 Big Bets strategy in the areas of 5G, Sustainability and Digital Products & AI. We are confident these investments will help differentiate our offerings and expand our addressable marketLTTS is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services. It offers consultancy, design, development and testing services across the product and process development life cycle.Shares of L&T Technology Services slipped 3.42% to Rs 3,283 on the BSE.Powered by Capital Market - Live News

PVR

PVR: Q3 CONS NET PROFIT 161M RUPEES VS LOSS 102M (YOY); LOSS 712.3M (QOQ) || Q3 REVENUE 9.40B RUPEES VS 6.14B (YOY); 6.86B (QOQ) PVR: Q3 EBITDA 2.89B RUPEES VS 1.65B (YOY) || Q3 EBITDA MARGIN 30.7% VS 26.85% (YOY) PVR: CO LOOKING FOR SIGNIFICANT UPTICK IN BOX OFFICE COLLECTIONS FOR NEXT FISCAL YEAR || CO ON TRACK TO OPEN A TOTAL OF 100-110 NEW SCREENS BY THE END OF CURRENT FISCAL YEAR PVR: CO SAYS EXPECTING STRONG RECOVERY IN BOLLYWOOD AND HOLLYWOOD FILM COLLECTIONS

HINDUSTAN ZINC

HINDUSTAN ZINC: Q3 SL NET PROFIT 21.57B RUPEES VS 27B (YOY); EST 22.10B | 26.8B (QOQ) || Q3 REVENUE 76.28B RUPEES VS 78.4B (YOY); 81.3B (QOQ) HINDUSTAN ZINC: Q3 EBITDA 37.07B RUPEES VS 43.7B (YOY) ; EST 37.15B|| Q3 EBITDA MARGIN 48.6% VS 55.73% (YOY); EST 48.5% HINDUSTAN ZINC: CO BOARD HAVE APPROVED THIRD INTERIM DIVIDEND OF RUPEES 13 PER EQUITY SHARE

MARUTI SUZUKI

MARUTI SUZUKI: CO AIMS TO EXPORT GRAND VITARA TO MORE THAN 60 COUNTRIES ACROSS LATIN AMERICA, AFRICA, MIDDLE EAST, ASEAN AND NEIGHBORING REGIONS

TATA POWER

TATA POWER: CO REPORT ON JSW, GREENKO, ADANI, TATA TAPPED FOR PTC INDIA STAKE IS SPECULATIVE IN NATURE

DHUNSERI TEA

DHUNSERI TEA*: CO SAYS CO ENETERED INTO A AGREEMENT WITH WARREN TEA LTD AND THE TRANSFER OF THE AFORESAID TEA ESTATES HAS BEEN COMPLETED AND POSSESSION TAKEN OVER

KIOCL

KIOCL: # CO SAYS HAS BEEN REGISTERED AT THE OFFICE OF SUB-REGISTRAR BY PAYING THE TOTAL AMOUNT OF RUPEES 329.17 CR # CO UPDATED ON REGISTRATION OF MINING LEASE DEED DOCUMENT EXECUTED BETWEEN GOVT. OF KARNATAKA AND CO FOR IRON ORE AND MANGANESE ORE MINING IN DEVADARI HILL RANG

MENON BEARINGS

MENON BEARINGS: # Q3 EBITDA RUPEES 125M VS 90M (YOY) # Q3 EBITDA MARGIN 25.15% VS 18.29% (YOY) # Q3 REVENUE RUPEES 496M VS 490M (YOY) # Q3 SL NET PROFIT RUPEES 78M VS 53M (YOY)

ALEMBIC PHARMA

ALEMBIC PHARMA: #CO HAS RECEIVED USFDA TENTATIVE APPROVAL FOR ACALABRUTINIB CAPSULES # CAPSULES HAS US SALES OF 1.5B USD

ASIAN PAINTS

ASIAN PAINTS: # CO DOMESTIC DECORATIVE BUSINESS REGISTERED A FLAT VOLUME AND VALUE SALES DELIVERY FOR QTR # Q3 EBITDA RUPEES 16.11B VS 15.42B (YOY) ; EST 17.10B # Q3 EBITDA MARGIN 18.66% VS 18.09% (YOY); EST 18% # Q3 REVENUE RUPEES 86.36B VS 85.27B (YOY) # Q3 CONS NET PROFIT RUPEES 10.7B VS 10.16B (YOY); EST 11.45B

MEGHMANI FINECHEM

MEGHMANI FINECHEM # CO HAS APPROVED THE EXPANSION OF AN ADDITIONAL 45,000 TPA PRODUCTION CAPACITY OF CPVC RESIN PLANT AT DAHEJ, GUJARAT # CO APPROVED DIVIDEND OF RUPEES 2.5 PER SHARE # Q3 REVENUE RUPEES 5.4B VS 4.22B (YOY) # Q3 EBITDA RUPEES 1.7B VS 1.4B (YOY) # Q3 EBITDA MARGIN 30.96% VS 33.51% (YOY) # Q3 CONS NET PROFIT RUPEES 772M VS 697M (YOY)

DATAMATICS GLOBAL

DATAMATICS GLOBAL: # Q3 REVENUE RUPEES 3.72B VS 3B (YOY) # Q3 EBITDA RUPEES 589M VS 505M (YOY) # Q3 EBITDA MARGIN 15.82% VS 16.79% (YOY) # Q3 CONS NET PROFIT RUPEES 459M VS 370M (YOY)

HAPPIEST MINDS TECH

HAPPIEST MINDS TECH: # Q3 REVENUE RUPEES 3.7B VS 3.6B (QOQ) # Q3 EBITDA RUPEES 795M VS 808M (QOQ) # Q3 EBITDA MARGIN 21.68% VS 22.73% (QOQ) # Q3 CONS NET PROFIT RUPEES 576M VS 594M (QOQ)

Alok Industries

Alok Industries Q3 FY23 (Consolidated, YoY) Revenue down 19.91% at Rs 1,705.69 crore Ebitda loss of Rs 42.4 crore against Ebitda of Rs 197.49 crore Net loss widened to Rs 249.83 crore vs Rs 0.09 crore

Oracle Financial Services Software

Oracle Financial Services Software (Consolidated, QoQ)* Revenue up 5.33% at Rs 1,449.3 crore (Bloomberg estimate: Rs 1,475 crore) Ebit up 7.41% at Rs 585.61 crore Ebit margin at 40.41% vs 39.62% Net profit up 9.96% at Rs 437.33 crore (Bloomberg estimate: Rs 488 crore)

CCL Products

CCL Products (India) reports Q3 earnings. ▶️Net profit up 25% at Rs 73 Cr Vs Rs 58 cr (YoY) ▶️Revenue up 26.5% at Rs 535.3 Cr Vs Rs 423 cr (YoY) ▶️EBITDA up 8.9% at Rs 100.7 cr Vs Rs 92.4 cr (YoY) ▶️Margin at 18.8% Vs 21.8% (YoY)

HAVELLS

HAVELLS: Q3 EBITDA RUPEES 4.23B VS EST 3.79B || Q3 EBITDA MARGIN 10.26% VS EST 9.3% BEAT EBITDA AND MARGINS ESTIMATE

PVR

CNBCTV18 | PVR (@_PVRCinemas) reports Q3 earnings. ▶️Cons net profit at Rs 16.1 cr Vs loss of Rs 10.2 cr (YoY) ▶️Cons revenue up 53.2% at Rs 941 cr Vs Rs 614 cr (YoY) ▶️EBITDA up 75.1% at Rs 288.8 cr Vs Rs 165 cr (YoY) ▶️Margin at 30.7% Vs 26.9% (YoY)

Hindustan Unilever

HUL Q3 CONS NET PROFIT UP 10.5 % AT 2505 CR (YOY), DOWN 4 % (QOQ) REVENUE UP 16 % AT 15228 CR (YOY) ,UP 3 % (QOQ) EBITDA UP 8 % AT 3537 CR (YOY),UP 5 %(QOQ) MARGINS AT 23.22 % V 25 % (YOY),22.9 % (QOQ)

AU SMALL Finance

AU SMALL Q3 ST. NET PROFIT UP 30 % AT 392 CR (YOY) , UP 15 % (QOQ) NET INTEREST MARGINS AT 40 % AT 1153 CR (YOY), UP 6 % (QOQ) OPERATING PROFIT AT 21 % AT 555 CR (YOY(, UP 11 % (QOQ) AU SMALL Q3 : GROSS NPA AT 1.81 % V 1.91 % (QOQ) NET NPA AT 0.51 % V 0.56 % (QOQ) (NIM) for the quarter was stable at 6.2%

Polycab

Polycab Q3FY23 – Performance YoY Rev at 3715Cr vs 3372Cr⬆️11% QoQ Rev at 3715Cr Vs 3332Cr⬆️11.41% 9months ended Rev: 9784 Cr Vs. 8233⬆️18.9% YoY PAT at 361Cr vs 316Cr⬆️14.2% QoQ PAT at 361Cr Vs 270Cr⬆️33.7% 9months ended PAT: 853 Cr Vs. 592⬆️44.1% Q3EPS at 23.8 Rs vs 21 Rs Vs. 17.8 9months ended EPS: 56.3 Vs. 39.1 ✓ EBITDA Q3FY23 INR 503 Cr up by 39% in YoY ✓ EBITDA 9MFY23 INR 1,239 up by 58% in YoY ✓ Q3FY23EBITDA margin continued to improve, increasing by 73 bps QoQ to 13.5% on the back of better operating leverage. 9MFY23 Margins improved by 312 bps to 12.7%. ✓ PAT Margins 9.7% Vs. 10.1% in YoY therefore declined by 40 basis points ✓ ROE: 18%, ROCE: 22%, PE: 37, Forward PE: 30 (Good) ✓ Borrowing cost is negligible. Highlights ✓ Wires and Cables business revenue grew 11% on YoY basis to ₹ 3,278 Cr, which was largely driven by domestic distribution business. Positive for merger of HDC and LDC verticals last year ✓ FMEG business was almost flat YoY and grew 12% QoQ despite challenging business environment. ✓ As of 31 st December 2022, net cash position improved to ₹ 18.7 bn against ₹ 6.7 bn net cash during the same period last year ✓ Exports revenue exports grew by 32% YoY. Overall, exports business contributed to 8.6% of consolidated revenue in 9MFY23 ✓ Company has guided for Rs 20,000 Cr revenue by 2026 from 12,204 Cr in FY22 through its 'Project Leap' execution strategy which implies a 13% CAGR revenue guidance *View* Excellent quarterly performance and continuously outperform. Polycab India Limited (PIL) is India’s largest manufacturer of Wires and Cables and one of the fastest growing FMEG companies, customers via a strong distribution network of 4,600+ authorized dealers and 205,000+ retail outlets. PIL’s business operations span across India through 25 manufacturing facilities, 15+ offices and 25+ warehouses. Based on the performance on QoQ and YoY investor should continue with the company. Polycab is now expanding their strong note on Home appliances as well. Management says: We continued our strong quarterly performance, registering highest ever 3rd quarterly revenues in Q3FY23. Moreover, we achieved the highest ever quarterly PAT as well as the highest ever nine-months revenues and PAT in the history of the Company. Our excellent performance demonstrates the strength of our executional capabilities effectively leveraging our strong market position, robust distribution network and favourable market conditions 6

Jubliant foodworks

Jubliant foodworks :CO PLANS TO OPEN 250 STORES FOR DOMINO'S INDIA IN NEXT 12-18 MONTHS || CO SAYS 9B RUPEES TO BE FUNDED ENTIRELY THROUGH INTERNAL ACCRUALS OVER A PERIOD FOR 12-18 MONTHS

L&T TECH

L&T TECH Q3 CONS NET PROFIT UP 7.5 % AT 303 CR (QOQ), UP 22 % (YOY) REVENUE UP 2.5 % AT 2048 CR (QOQ) ,UP 21.5 % (YOY) EBITDA UP 5 % AT 440 CR (QOQ),UP 20 %(YOY) MARGINS AT 21.5 % V 21% (QOQ),21.7 % (YOY)

INDIAMART Q3

INDIAMART Q3 Result CONS NET PROFIT UP 60 % AT 112 CR (YOY), UP 63 % (QOQ) REVENUE UP 33 % AT 251 CR (YOY) ,UP 4.5 % (QOQ) EBITDA DOWN 12 % AT 70 CR (YOY),UP 2 %(QOQ) MARGINS AT 27.8 % V 42.2 % (YOY), 28.4 % (QOQ)

PERSISTENT SYSTEMS LTD

PERSISTENT SYSTEMS LTD #PERSISTENT Delivers,yet again🔥 Rev 2202cr vs 1522cr EBIT margins higher PBT 352cr vs 236cr⬆️46% Q2 PBT at 295cr PAT at 238cr vs 176cr Q3 EPS at 32 vs 23 Q2 at 29.6rs

SURYA ROSHNI LIMITED

SURYA ROSHNI LIMITED: Q3 EBITDA RUPEES 1.62B VS 978M (YOY) Q3 EBITDA MARGIN 8.05% VS 4.82% (YOY) SURYA ROSHNI: Q3 CONS NET PROFIT RUPEES 897M VS 405M (YOY); 680M (QOQ) BIG BEAT YOY AND QOQ

US DATA ALERT

Current: -0.5% Expected: -0.1% Previous: 0.3% (Data seen lower estimates, negative for U.S. Dollar) *U.S. Retail Sales m/m* Current: -1.1% Expected: -0.8% Previous: -0.6% US Retail Sales for December drops to -1.1% against forecasts of -0.8% and 0.6% in November. The Core Retail Sales data also sees a drop to -1.1% against forecast of -0.4% and revised figures of -0.6% in November. PPI (MoM) for December falls to -0.5% against estimates of -0.1% and revised figures of 0.2% in November. On a yearly basis as well PPI fell to 6.2% against forecasts of 6.8% and revised figures of 7.3% reported in November. Core PPI also sees a cooling both on a monthly and yearly basis. *Data Negative for USD, Positive for Bullions*

Shalby

Shalby Q3 Earnings ✓ Net Profit: Up 17.8% at Rs 15.2 cr Vs Rs 12.9 cr (YOY) ✓ Revenue: Up 24.7% at Rs 202.4 cr Vs Rs 162.3 cr (YOY) ✓ EBITDA: Up 20.3% at Rs 33.8 cr Vs Rs 28.1 cr (YOY) ✓ Margin:16.7% Vs 17.3% (YOY)

SPENCER'S RETAIL LIMITED

SPENCER'S RETAIL LIMITED Spencer’s Retail, India’s foremost retail destination and part of RP-Sanjiv Goenka Group (RPSG), is all set to unveil its brand new hyper market chain called “Spencer’s Value Market”. Synonymous to its name, VALUE Market is a new-age hypermarket serving the needs of today’s modern, well - informed and value conscious customers. Spencer’s Value Market is all set to launch at 6 locations, namely, Karimnagar, Warangal, Kurnool, Guntur, Bhimavaram & Vijayanagaram between 16th to 22nd January’23.

IndusInd Bank

IndusInd Bank Q3 results: Consolidated net profit up 58% YoY to Rs 1,963 crore The lender's Net interest income in the quarter rose 19% YoY to Rs 4,495 crore. Interest earned increased to Rs 9,457 crore versus Rs 7,737 crore YoY Gross NPA At 2.06% Vs 2.11% QoQ Net NPA At 0.62% Cr Vs 0.61% QoQ Provisions & contingencies at Rs 1065 cr vs Rs 1654 cr YoY

Adani Enterprises Limited

Adani Enterprises Limited file RHP with SEBI on 18-Jan-2023 Issue Date : 27 to 31-Jan, 2023 Fresh : ₹20000 Cr on partly paid basis Retail : 35% EMP : 50 Cr FV : ₹1 IPO Open : 27-Jan-2023 IPO Close : 31-Jan-2023 Basis of Allotment : 3-Feb-2023 Initiation of Refunds: 6-Feb-2023 Credit of Shares : 7-Feb-2023 IPO Listing Date : 8-Feb-2023

Tata Metaliks

Tata Metaliks (TML) 3QFY23 results first cut: Blast furnace issues lead to disappointing performance* *Revenue:* Rs 7.9bn, +15% yoy; -10% qoq *PI sales* volume: 63kt, -16% yoy; -24% qoq and Realisation at Rs 47,995; flat yoy,-7% qoq realisation eased qoq as a result of poor market demand; volumes declined due to issues and stoppage of one blast furnace *DI pipe* sales volume: 77kt, +15% yoy; +10% qoq and Realisation at Rs 63,358; +28% yoy, flat% qoq. Volumes ramped up due to full operation at new DI pipe plant (25kt in 3QFY23) *RM cost/tonne:* Rs38,224/tonne; +19% yoy and -7% qoq due to correction in coking coal cost. *EBITDA:* Rs 387mn; -43% yoy; -5% qoq; EBITDA margins of 5% vs 10% yoy; 5% qoq; margins declined due to poor Pig iron volumes and maintenance cost, partly offset by reduction in coking coal cost. *Adj. PAT:* Rs95mn; -74% yoy; -34% qoq further hit by increase in finance cost *Order book:* 7-8months *Expansion projects:* New DI pipe plant phase 1 is running at full utilisation *Our view:* We believe that 3QFY23 was very poor performance due to operational issues at blast furnace which is now repaired. We expect that financials will surely improve in Q4fy23 due to highest offtake in both DI and PI. We remain positive on the prospects due to complete rampup of volumes and strong outlook for DI pipe. However, the stock is now linked to swap ratio due to its pending merger with Tata steel.

ICICI Prudential Life Insurance Company Ltd

ICICI Prudential Life Insurance Company Ltd. -S | *CMP* Rs. 484 | *M Cap* Rs. 69626 Cr | *52 W H/L* 649/430 (Nirmal Bang Retail Research) Result is above expectations* Premiums earned came at Rs. 9465 Cr vs YoY Rs. 9074 Cr, QoQ Rs. 9582 Cr APE came at Rs. 1822 Cr vs expectation of Rs. 1836 Cr, YoY Rs. 1929 Cr, QoQ Rs. 1999 Cr Value of New Business came at Rs. 618 Cr vs expectation of Rs. 561 Cr, YoY Rs. 515 Cr, QoQ Rs. 621 Cr Value of New Business Margin (%) came at 33.9% vs expectation of 30.6%, YoY 26.7%, QoQ 31.1% Margin improved on the back of an increase in mix of high margin Protection business PAT came at Rs. 221 Cr vs YoY Rs. 311 Cr, QoQ Rs. 199 Cr AUM came at Rs. 251884 Cr vs YoY Rs. 237560 Cr, QoQ Rs. 244279 Cr 13th month persistency came at 86.1% vs QoQ 85.9% 61st month persistency came at 64.2% vs QoQ 61.2% Market share came at 14.6% vs QoQ 15.7% & YoY 12.7% Quarter EPS is Rs. 1.5 Stock is trading at P/E of 54.5x FY24E EPS & 2.1x trailing M Cap/EV

Mastek

Mastek reports Q3 earnings ▶️Net profit down 18.8% at ₹64.2 cr vs ₹79.1 cr (QoQ) ▶️Revenue up 5.3% at ₹658.6 cr vs ₹625.3 cr (QoQ) ▶️EBITDA up 5.9% at ₹113.7 cr vs ₹107.5 cr (QoQ) ▶️EBITDA margin at 17.3% vs 17.2% (QoQ)

Newgen Software

Newgen Software reports Q3 earnings. ▶️Net profit up 59.2% at Rs 48.2 cr Vs Rs 30.3 cr (QoQ) ▶️Revenue up 12.7% at Rs 255 cr Vs Rs 226 cr (QoQ) ▶️EBITDA up 56.8% at Rs 58.9 cr Vs Rs 37.6 cr (QoQ) ▶️Margin at 23.1% Vs 16.6% (QoQ)

Paytm

Paytm To Turn Operationally Profitable By March, Says Goldman Sachs Paytm may turn operationally profitable by March 2023, according to Goldman Sachs, two quarters ahead of the brokerage's earlier expectations and the company's own guidance. The brokerage also maintained 'buy' ratings on One97 Communications Ltd., the operator of Paytm, while raising its target price to Rs 1,120 apiece from Rs 1,100 apiece, implying an upside of over 100% Paytm is also a part of Goldman Sachs' Asia (excluding Japan) 'Conviction List', which contains select "buy"-rated stocks based on the size and likelihood of realisation of their return potential The company's FY23 lending volumes are tracking around 90% higher compared to its estimates in December 2021, while maintaining healthy credit metrics, Goldman said. "This, coupled with stronger payment margins, has resulted in the company’s profitability continuing to surprise to the upside." The presence of UPI reimbursement from the central government in the March 2023 quarter is also a key factor for its faster-than-expected operational break-even call, Goldman Sachs said. However, founder Vijay Shekhar Sharma said in April last year that the company would break even on operating Ebitda (before ESOP costs) by the quarter ending September 2023. We believe Paytm’s margin print in Q3 will further increase the street’s confidence in the company’s ability to be profitable in CY23. Paytm’s monthly transacting users, loan disbursals, and devices deployed continue to surprise us positively, and we have further raised our estimates for these metrics in this note; however, the mix shift towards UPI has also been faster, resulting in cuts to our our payment revenue estimates," the brokerage said in a Jan. 16 note. Goldman said that it "believes the current share price continues to offer a compelling entry point into India's largest and one of the fastest-growing fintech platforms." Paytm’s valuation multiples are at a discount to its global or India peer group for a growth outlook that is better or in line with the peer group," the brokerage said. "Our refreshed analysis suggests Paytm’s current share price is already pricing in multiple headwinds, with the stock trading close to its bear-case implied value; we see risk-reward as skewed to the upside." Despite Goldman's renewed optimism, Paytm's stock fell 4% to Rs 531.35 per share. That's still about 75% lower than its IPO price of Rs 2,150 in November 2021. Of the 12 analysts tracking the company, eight maintain 'buy', three suggest 'hold' and one recommends 'sell', according to Bloomberg data. The 12-month consensus price target implies an upside of 68.2%.

Dabur

Dabur India: Dabur India’s beauty and personal care retail chain NewU, on Monday announced the launch of six new stores taking its total store count to over 100 outlets. NewU offers makeup, skincare, hair care, fragrances, and personal grooming products from a range of brands. NewU is operated by H & B Stores Limited which is a 100% subsidiary of Dabur India Ltd. NewU is currently present in 40 cities across India, with over 100 outlets. Asthana said the company is expanding its retail footprint across India with plans to double its store count in the next two years.

Voltamp Transformers Ltd. /Bharat Bijlee Ltd. /Transformers & Rectifiers (India) Ltd.

Voltamp Transformers Ltd. $Bharat Bijlee Ltd. $Transformers & Rectifiers (India) Ltd. The transformer sector has reported the highest ever revenue in FY22. This sector faced a very dull period of over ten years before that. We have identified three companies from this sector viz. $Voltamp Transformers Ltd. $Bharat Bijlee Ltd. and $Transformers & Rectifiers (India) Ltd. . We will post sector related development which will drive the growth in the future and our workings on these three companies. Voltamp Transformers: We can see that the growth was very muted till FY18 and in the last four years the revenue has almost doubled. The company has been able to maintain its Gross Margin over the years and the EBITDA margin has improved significantly during this period.

SIEMENS LTD

SIEMENS LTD THE COMPANY HAS RECEIVED THE LARGEST SINGLE ORDER IN ITS HISTORY* An order worth Rs 26,000 crore has been received from the Indian Railways to manufacture and supply 1,200 locomotives of 9,000 horsepower each

ANGEL ONE

ANGEL ONE-Buy for Decent Upside* Despite continued better financials, stock has come down 35% from recent high which makes it an excellent Buy FV: ₹10 CMP: ₹1281 52W H: ₹2022 MCap: ₹10700 crores *H1-2023 vs. H1-2022 & FY2022 Financials - crores* Income 1403 1008 2297 PBT 528 342 836 PAT 395 256 624 EPS ₹ 47.53 31.08 75.75 EPS for FY2023 is expected to be ₹109* As per its announcements to stock exchanges in business update and board meeting to be held on January 16, expected 3rd Interim Dividend with Q3 excellent earnings.* 1️⃣ Trading at lowest of PE 13.97 compared to Sector PE of 40.28 2️⃣ Highest Dividend Yield of 2.11% than any other listed company in the same sector. Maintaining a healthy Dividend Payout of 31.1%. 3️⃣ Angel One has delivered Profit Growth of 82.4% CAGR over last 5 years. 4️⃣ Its has a good Return on Equity (ROE) track record of 36.3% for the past 3 years. 5️⃣ Shareholding of Promoters is 56.29%, Nippon India Growth Fund is 5.70%, International Finance Corporation is 5.22%, Small Cap World Fund is 1.11%, Hornill Orchid India Fund is 1.21%, HNIs are 15.28%.

GOA CARBON

GOA CARBON *BIG BREAKING-EXCLUSIVE* Neutral Citation Number: 2023/DHC/000178 - IN THE *HIGH COURT OF DELHI AT NEW DELHI Date of decision: 10th JANUARY, 2023* Verdict: Allowed and the Respondents are directed to re-draw the allocation of Raw Petroleum Coke to the various calciners in accordance with the observations made by this Court in this Order What is the case: One Calciner got additional allocation of Raw Petroleum Coke for its expansion of 1.30 lakhs metric tonnes for the last three financial years. Vide the above said order of The Delhi High Court stated that *this allotment has the effect of upsetting the rationale of the Order dated 09.10.2018 passed by the Apex Court while LPA 25/2021 etc. fixing the quantity of import of Raw Petroleum Coke at 1.4 Million MT.* The above order will allow *GOA CARBON to get additional allotment of RPC from 1.8 lakhs* (approx.) than allocated for the last three FYs and future. DoW estimates that Goa Carbon should get approx 40000 Ton of additional RPC ( raw material for CPC) every year. It will help increase production by 50000 Tons p.a. resulting in Profit to increase by roughly 20 Cr

Kamat Hotels

Kamat Hotels - Strong Outlook* Owns Strong Brand of Hotels & Restaurants ▪The Orchid ▪The Heritage Collection ▪Lotus Eco Beach Resorts ▪Vithal Kamat Original Family Restaurants H1FY23 Performance ▪Revenue at 132cr vs 47cr YoY ▪PAT of 14cr vs -21cr YoY ▪EPS of 5.91 vs -8.97 *Estimates* 👉We estimate H2 PAT to be 30cr *Future Outlook* 👉Room tariffs are likely to remain high going forward, with a demand-supply mismatch continuing in the hospitality sector 👉Occupancies & Room Rates continue to remain Strong even after Holiday seasons 👉RevPAR for industry continues to grow YoY 👉Uptick in Leisure Travel continues Post Covid 👉The industry is now thriving on domestic demand and gradual increase in international travel is expected to add further growth to it 👉Demand Supply mismatch will drive ARR & RevPAR even higher *After 2 Years of Drubbing due to Covid, the Post Covid Era provides an Excellent Opportunity for the Hotel Industry given the Tailwinds*

TVS Motor

TVS Motor intends to invest Rs 1000 cr in Madhya Pradesh (12-Jan-2023 , 09:38 Hours IST) TVS Motor Company expressed its intention to invest in Madhya Pradesh for its potential future two-wheeler and three-wheeler expansion in electric and internal combustion engine (ICE) vehicles. Over a period of time, this could entail an investment of over Rs.1,000 crore and generating direct and indirect employment in Madhya Pradesh of over 2,000 jobs. The announcement was made at the Global Investors Summit 2023 held at Indore in the presence of the Shivraj Singh Chouhan - Honourable Chief Minister of Madhya Pradesh.Powered by Capital Market - Live News

Sagar Cements

Sagar Cements - Acquisition of Andhra Cements Ltd. ▪SGC has received LOI from NCLT, Hyderabad for acquisiton of Andhra Cements Ltd (capacity 2.6mtpa GU; 1.8mtpa in Guntur & 0.8mtpa in Vizag/ 1.65mtpa clinker). ▪Our understanding says that the deal is likely to be <$45/ tn including capex to operationalize the plant. ▪Final approval to take another 2 weeks of time and production of cement/ clinker to commence in Q1FY24. View - This is positive as it will help to capture the future growth and maintain/ increase volume and market

Redington

Redington to build FinTech ecosystem Chennai-based Redington, a distribution and supply chain solutions provider, is building a FinTech ecosystem to leverage financing as a tool to drive business growth for the partner community, according to CEO Ramesh Natarajan. Redington will combine its financial strength and market insights, with the fast evolving technology and FinTech ecosystem in India and outside for this initiative, he told businessline. “There are many projects that require a higher number of days of credit,” Natarajan said, which its proposed FinTech platform would offer The FinTech initiative will enable a host of digital payment modes for partners (through payment links, cards and Unified Payments Interface), and channel financing solutions via digital platforms. The platform will enable the Buy-Now-Pay-Later option for new partners who require small ticket financing. Redington’s credit analytics backbone will drive this initiative that builds on partner profiling intelligence and Artificial Intelligence I tools to provide insights for credit decisions, he said. The company’s credit management system does business worth $1 billion with 5,000 to 7,000 partners every quarter. It offers a credit period of 15 to 60 days. For credit periods of a longer duration, it makes channel financing possible through companies such as Aditya Birla Group and Cholamandalam Finance, he said. “We are trying to get project finance options available to partners when it comes to larger projects,” he said. The financing foray includes digital lending solutions for customers in the residential rooftop solar business, he said. “All of this is work-in-progress. We should have a full-fledged FinTech platform in the next 12-18 months,” he said.

Uttam Sugar Mills

Uttam Sugar Mills company will increase/enhance the "Distillery Capacity (Ethanol)" from 150 kilo liters per day (KLPD) to 250 kilo liters per day (KLPD) at Barkartpur plant of the company for a total project cost of Rs 56 crore which will be financed through internal accruals /loans and completed by December 2023. The company will also increase/improve its "Cane Crushing Capacity" from 23750 tonnes per day (TCD) to 26200 tonnes per day (TCD) and improve its energy efficiency for a total project cost of Rs 40 crore, which will be financed through internal accruals/loans and completed by November 2023. Company has a market cap of Rs 1,163.93 crore. The company is engaged in manufacturing sugar, industrial alcohol and generating power. The stock has a PE multiple of 9.11 whereas the sectoral PE multiple is 16.3 and an ROE of 26.53 per cent. According to the financial statements, net sales increased by 14.41 per cent in H1FY23 compared to H1FY22 and net profit was Rs. 27.56 crore. Comparing FY21 to FY22, net sales increased by 11.86 per cent. The net profit barely reached Rs 59.76 crore in FY21 but it skyrocketed by 125.77 per cent to Rs 134.92 crore in FY22. 1

Ducon Infratechnologies

Ducon Infratechnologies, a leading fossil fuel/clean coal co. is venturing into green energy via Hydrogen fuel. It installed India’s first sea water flue gas desulfurization system for Reliance Energy. With more green energy units lined up, it has great prospects.

BCL Industries

BCL Industries, one of the largest grain-based distilleries and alcohol producer, has announced a major fund raising by a preferential issue of convertible warrants to fund its expansion plans

Veto Switchgears & Cables

Veto Switchgears & Cables manufactures domestic cables, industrial cables, electrical accessories & LED lighting. It is now focusing on sales by expanding its distribution network. The stock trades at a PE of just 7x to FY23E earnings.

Heranba Industries

Heranba Industries is into agro-chemicals with almost 48% sales from exports. Stock trades at just 9x FY23E earnings. Last 3 years ROCE was 42%. It’s a debt-free co. with strong promoter holding

Datamatics Global

Small IT projects are less prone to be shelved and smaller IT companies do not face problems of attrition. In this space, Datamatics Global is worth considering.

Larsen & Toubro

Larsen & Toubro continues to attract big orders. Its subsidiaries are money spinning machines. A reasonable valuation makes this counter attractive.

Universal Auto Foundry

Universal Auto Foundry posted 1825% higher H1 profit of Rs.5.39 cr. v/s only Rs.28 lakh in H1FY22. Its H2FY23 may be better due to the boom in the auto sector. Keep on your radar for very good returns in short term.

Duroply Industries

Duroply Industries posted H1 net profit of Rs.2.25 cr. v/s loss of Rs.3.49 cr. in H1FY22. Results in H2FY23 may be better due to boom in real estate.

WPIL Ltd

100% dividend paying WPIL Ltd. posted 37% higher H1 net profit of Rs.47.89 cr. It has huge reserves of Rs.646 cr. on its small equity of only Rs.9.77 cr. Promoters hold 70.69% and are buying shares from the market, which is a positive sign.

Cochin Minerals & Rutile

Dividend paying Cochin Minerals & Rutile posted H1 net profit of Rs.26.66 cr. on its small equity of Rs.8 cr. giving an annu1lized EPS of Rs.68.

Kolte Patil

Kolte Patil reported its highest ever quarterly sales of Rs.716 cr. up 28% YOY.

Mishra Dhatu Nigam

Mishra Dhatu Nigam, manufacturer of special steels & super alloys for defence, nuclear, aeronautics & space applications, has set up an armour facility at Rohtak to be commissioned shortly and will be a big game changer.

Nelcast

Nelcast manufactures grey & ductile castings for automobiles & railways. Around 25% of its revenue is from exports and the depreciating Rupee is beneficial.

RCF Ltd

RCF Ltd. is the 4th largest producer of fertilizers and recorded its highest ever quarterly performance due to shortage in global markets. Its H2 working should also be very good. Stock is available at an attractive valuation & FIIs are raising their stake.

Sinclair Hotels

Debt-free & good dividend paying Sinclair Hotels has 9 iconic hotels but available at attractive valuation and is the cheapest hotel share. It recently sold 1-acre extra land in Kolkata for Rs.27 cr. and has huge cash reserves.

Sarveshwar Foods

Sarveshwar Foods of J&K is more than a rice processor with the ‘Nimbark’ brand of organic foods and is raising fresh capital at Rs.81/share for future growth

Geekay Wires

Geekay Wires, manufacturer and exporter of variety of steel wires, has notched 79% higher Q2 EPS of Rs. 3 and 78% higher H1 EPS of Rs. 5.8 as against Rs. 8.7 in FY22. It is all set to garner FY23 EPS of Rs. 14 on the back of solid demand in India and abroad.

Shilp Gravures

Shilp Gravures*, the pioneer and leader in Electro-Mechanical Engraving, has garnered 68% higher Q2 EPS of Rs. 6.4 and H1 EPS of Rs. 7.8 which may take FY23 EPS to around Rs. 18+ on its equity of Rs. 6.1 crore.

Rain Industries

Rain Industries with a global calcination capacity, CPC blending, coal tar distillation, advanced materials and cement production in 8 countries has notched 71% higher Q3CY22 EPS of Rs. 12 and 100% higher 9MCY22 EPS of Rs. 40 as against Rs. 17.3 YoY. This could take CY22 EPS to over Rs. 45.

GIC Housing Finance

GIC Housing Finance, a PSU, has notched 24% higher Q2 EPS of Rs. 10.4 and 99% higher H1EPS of Rs. 17.7 as against Rs. 32.2 in FY22. This could lead to FY23 EPS of Rs 45.

Chamanlal Setia

Buy under-priced Chamanlal Setia for 20% gain as govt. lifts rice export curbs as the domestic supply improves. Based on the current trend, it is expected to notch FY23 EPS of Rs 18.

Antony Waste Handling Cell

Antony Waste Handling Cell notched 28% higher Q2 EPS of Rs. 8.2 and 34% higher H1 EPS of Rs. 16.5 in as against FY22 EPS of Rs. 24 and is doing well with good orders from all quarters. It may notch FY23 EPS of Rs. 38+.

Dhruv Consultancy Services

Dhruv Consultancy Services has bagged an order of Rs 11.18 cr. from the National Highways Authority of India, Navi Mumbai.

J Kumar Infra

Heavy investment buying is seen in J Kumar Infra as it notched 67% higher Q2 EPS of Rs. 9 and 76% higher H1 EPS of Rs. 17.1, which may lead to FY23 EPS of Rs. 36 on its strong order book.

National Fertilizers

National Fertilizers has clocked 9MFY23 growth of 27% in fertilizer sales of YoY. It reported total fertilizer sales of 49.71 lakh MT compared to 39.25 lakh MT, which is the best in its history.

HCL Technologies

HCL Technologies is the primary IT partner of ODP Corporation’s end-to-end IT operations and enterprise-wide digital transformation to support ODP’s business strategy in its Office Depot, ODP Business Solutions and Veyer business units

Mukand Ltd

Mukand Ltd. has transferred 45.94 acres of land at its Kalwe/ Dighe facility in Thane, Maharashtra, to AGP DC Infra Two Pvt. Ltd. for Rs 796.46 cr.

LIC and IDBI Bank

GoI and LIC will sell their 60.72% stake in IDBI Bank as part of the disinvestment and the government’s stake will reduce to 15%.

Rail Vikas Nigam

Rail Vikas Nigam’s joint venture with ISC Projects has been awarded the supply and commissioning of ballastless track for the Surat Metro Rail Project Phase-1 worth Rs. 166.26 cr. With a higher book-to-bill ratio, the share can be bought for medium-term gains.

Tata Motors

Tata Motors has stated that EVs may constitute 50% of its sales by 2030.

Allcargo

Allcargo has acquired 75% stake in European rival, Fair Trade, for Euro 12 mn that has a fair value around Euro 16mn

Anand Rathi Wealth

Anand Rathi Wealth posted 20% higher Q3 revenue of Rs. 140 cr. with 35% rise in NP to Rs. 43 cr. Its AUM (assets under management) has surged to Rs. 1017 cr.

Sterling & Wilson

Sterling & Wilson to foray into EV gear and charging equipment, Hydrogen Gsensets, etc. for domestic and export markets. The new business will give a big boost to the Company

Airtel

JP Morgan and Bank of America have downgraded Airtel ratings citing delays in tariff hikes. The shares are likely to be dumped by investors.

Poonawalla Fincorp

Poonawalla Fincorp to raise Rs. 4000 cr. to meet its growing business requirements.

MTAR

In a TV interview, the MTAR MD said that it expects to witness exponential growth in coming quarters

Container Corporation

Container Corporation posted 5% higher Q3 throughout of 10.85 TEU (twenty-foot equivalent units) YoY. The profits for the quarter are likely to be higher

Sona Comstar

Sona Comstar acquires Serbian sensors maker Novelic and has now started building a third business vertical of ADAS Sensors and Software to enhance vehicle autonomy and automation.

Samvardhana Motherson

A big rebound in the automotive industry and strong prospects of growth may drive the stock price of Samvardhana Motherson to higher levels

PFC

The rising volumes and share price of PFC suggest the long-awaited Bonus issue and better Q3 results to be declared shortly. The 2nd interim dividend is likely to be around Rs. 6.

Affle India

Affle India to be a big beneficiary of the PLI scheme for producing many electronic items that were hitherto being imported. A good long-term haul.

Karnataka Bank

The pessimism at the hawkish stance of the RBI has led to high expectations about banks. Add Karnataka Bank for further gains.

Lal Path Labs

Lal Path Labs plans to ramp up its western India operations. A positive for the Company

Gravita

‘Recycle or perish’ is the new mantra. Gravita with plants across the globe is set to reap a big harvest in recycling metals and plastics.

Texmaco Rails

Going to spend Rs18,000 cr. on the upkeep of Vande Bharat trains. Texmaco Rails can be a big beneficiary

HAL

In the FY24 Union Budget on 1st Feb, huge sums may be allocated for modernising the defense forces. HAL will be one of the biggest beneficiaries.

TGV SRAAC

TGV SRAAC Ltd.could record FY23 EPS of Rs 46+. Even a conservative PE of 5x will take its share price beyond Rs 230 against the Specialty Chemicals industry average PE Ratio of 12.98x. Buy and hold for the medium term.

IDBI Bank

The government and LIC together to sell their 60.72% stake in IDBI Bank. The bids received can trigger its stock price to shoot up.

TTML

*TTML* Interesting Business Module and Overview *Ttml Tata Tele Services Ltd @ Rs. 80.20/-.* Eq 195 cr shares Rs 1950 crs *Face Value Rs 10* On revenue Rs 1055 crs ( M21 ) co earned IBITA of Rs 500 crs which is 48% that is higher than Bharti and Vodafone. TTML/TTBS is very much part of $113 billion Tata group *Game Changer :* New *TATA* logo DO BIG Enabling Enterprises to Through connectivity, security, cloud and collaboration solutions is the new logo of *TATA for TTML* . We have seen many penny stocks run from Rs 5 to 60, 10 to 80 and 20 to 100 etc and *TTML* is no exception. But we never buy a stock without knowing the reason behind it. Our theory is to save capital first. Also before trusting a turnaround story promoter must he checked. We have seen in some stocks which went up by 500 pc and promoters were found sellers. *Manageable Debt* Debt is manageable as promoters are 113 bn $ TATA gr. Tata Sons cleaned up past financial mess and TTML/TTBS will resume operations on a clean slate. Promoters pumped in Rs 46000 crs so far and with this kind of infusion will not let this co die. *Promoters holding :* strong confidence Promoters hold 75 stake in the co irrespective of the continued bleeding of the co. *New business from the scratch* In 2019 TATA Sons announced their plans to revive TTML. It is now a brand new company. *Tata Tele Services* , *TTML/TTBS* is all set to compete face-to-face with Reliance Jio platforms. Entire group now focusing on reviving *TTML/TTBS* . With massive Ecommerce Digital technology push and other initiatives, soon Tata group will expand to $200 billion, TTML/TTBS will be its new blue eyed poster boy, next blue-chip-in-making from Tata group. *Newly re-branded and financially revamped TTBS/TTML will gain most from Tata SuperApp* , since TTML/TTBS will run the show by providing direct technical support and infrastructure to Tata Digital, besides other benefits. *New Strategy* The media briefing to Economic Times and TimesNow of May 25, 2021 is significant. It says, TTML/TTSL is rebranded as new TTBS, Tata Tele Business Services, with a pan India presence New confirmed businesses include TATA SuperApp ECommerce platform development & maintenance , SmartFlo cloud communication automation product suite, New businesses with SMEs, 5G services to telecom operators, Tata Electronics and Tata Communications support works, Existing steady businesses to continue ( *Broadband, Fixed lines, Tata Sky* ) New businesses coming up for TTML utilizing the synergy/co-operation within *$113 billion* Tata group, many more opportunities in pipeline. TTML and TTSL are being revived by *TATA Sons as TTBS* . The entities continue to be integral to *Tata Group* as demonstrated by consistent support from Tata Sons. Best part is that promoters are ready to infuse more liquidity in the co and for the TATA Group which have more than 32 companies can integrate business of any one with TTML though they have already announced to move all digital biz in the co. After the demerger, of Consumer Mobile Business (“CMB”) of the Company to Bharti Airtel Limited (“Bharti”) under a Scheme of Arrangement (the “Scheme”), from July 1, 2019, the Company has been focusing on providing various wireline voice, data and managed telecom services to Enterprise customers. The Company may also explore opportunities to strategically restructure the residual business at an appropriate time. The Company provides its range of products and services to about 7.14 Lakhs subscribers as of March 31, 2021 and adding up MOM is having optical fibre transmission network about 17,000 kms in across Mumbai, rest of Maharashtra and Goa. To make *SuperApp* bigger and better, *Tata group* in recent weeks, has been on an acquisition spree, acquiring majority stake in *BigBasket, CureFit and 1MG.*

DMART Q3

ST NET PROFIT UP 9 % AT 641 CR (YOY), DOWN 12 % (QOQ) REVENUE UP 24.7 % AT 11304 CR (YOY) ,UP 9 % (QOQ) EBITDA UP 12 % AT 974 CR (YOY),UP 9 %(QOQ) MARGINS AT 8.61 % V 9.58 % (YOY), 8.6 % (QOQ)

HDFC BANK Q3

ST NET PROFIT UP 18.5 % AT 12259 CR (YOY), UP 15.6 % (QOQ) NII UP 24.5 % AT 22988 CR (YOY) ,UP 9 % (QOQ) GROSS NPA AT 1.23 % V 1.23 % (QOQ) NET NPA AT 0.33 % V 0.33 % (QOQ) OPERATING PROFIT UP 13.5 % AT 19024 CR (YOY), UP 9 % (QOQ) PROVISON DOWN 13 % AT 2806 CR (QOQ) Domestic retail loans grew by 21.4%, commercial and rural banking loans grew by 30.2% and corporate and other wholesale loans grew by 20.3%

IIP

IIP came in at 7.1% on a low base vs expectation of 2.6%. But CPI was way below estimates thus its anticipated that Inflation is cooling off globally as Gas prices in Europe has also corrected sharply below the Russia Invasion levels. So overall Interest rates raise might top out here. Feb Hike by U.S might not be steep & RBI too may not hike Interest rates. Recession in U.S is not expected to be sharp & Europe is returning to normalcy as per the IT results so far. The Auto sector is also gung ho over the demand & the orderbook barring Europe. $Tata Motors Ltd. expects to be a one stop shop for #electricvehicle Thus we may soon see mkts behaving rationally, however any tweak in direct taxes in budget on the upside may however lead the mkts to correction. Thus #budget in Feb will be the key to watch out for. However we believe long term Infra & logistics growth with digitalisation & ease of doing business & make in India to make India be a 10 trillion dollar Economy. Check out our Finance Minister & Prime minister roadmap for India's growth with facts & figures. India has received record breaking FDI & China+1 & Europe +1 is helping India greatly.

RBI May Lower Inflation Forecast By 50 Basis Points, Says Citi

India’s central bank may lower its near-term consumer inflation forecast by as much as a half point after inflation fell in November and December, Citigroup Inc. said in a note. Though headline inflation has softened, the Reserve Bank of India may still have to contend with sticky core inflation, which has hovered around 6% for 15 months, Citi economists Samiran Chakraborty and Baqar M Zaidi wrote in a note released on Thursday. Lower-than-expected retail inflation in November and December “could lead to 40-50 basis points downward revision in RBI’s inflation forecast,” the Citi economists wrote. Consumer price inflation cooled to 5.72% in December, compared to a consensus that it would remain the same as November’s 5.90%. India’s central bank had forecast inflation at 5.9% in the January-March quarter and 5% in the April-June period, assuming a normal monsoon season and oil prices at $100 a barrel. “The risk of Mar-2023 quarter inflation being above 6% are materially low now,” the Citi economists said. However, they wrote that “all core inflationary measures remained well above-6%. In fact, inflation was above-6% for items weighing 56% of the CPI basket in Dec. 22 – this number has remained unchanged for last five-months.” Citi still expects a rate increase of another 25 basis points in February, when the RBI holds its next monetary policy review.

WIPRO

WIPRO: Q3 CONS NET PROFIT 30.53B RUPEES VS 26.59B (QOQ); 29.69B (YOY) REVENUE 232.29B RUPEES VS 225.39B (QOQ); 203.14B (YOY) EBIT 36.27B RUPEES VS 31.37B (QOQ) EBIT MARGIN 15.61% VS 13.92% (QOQ) CO DECLARED AN INTERIM DIVIDEND OF RUPEES 1 PER EQUITY SHARE

L&T Technology Services

L&T Technology Services (LTTS) to acquire L&T’s Smart World & Communication (SWC) Business SWC has a strong expertise in communications with network design, planning, implementation, and management of Network Operations Center (NOC), Operational Support Systems (OSS), Datacenters, Cloud/private 5G networks at more than 25,000 locations across India. SWC also has capabilities around public safety, smart cities, and smart metering for utilities. In Cybersecurity, SWC has Full Lifecycle Threat Management capabilities, with offerings in risk assessment, threat monitoring, security architecture, design, and DevSecOps. SWC cater to the demands in smart cities, smart utilities, and digital infrastructure. Over the years, it has touched 150+ million urban lives, running 25+ smart city operation centers, connecting 2 million assets and business applications encompassing the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Central Govt, multiple State Govts as well as various enterprises. It has an employee base of over 700 engineers from diversified technology domains and has crossed an annual revenue of INR 1,000 Crores.

AMFI has updated the list of stocks that are classified as Large-, Mid- and Small-caps (Jan-2023 onwards)

These are defined by SEBI as follows in terms of market capitalization - 🐘- Large-cap: 1st -100th 🐎- Mid-cap: 101st - 250th 🐦- Small-cap: 251st onwards Here are details of companies shifting categories this time: - Mid Cap to Large Cap ⬆️ - Large Cap to Mid Cap ⬇️ 👇👇👇 Midcap TO Largecap ⬆️⬆️ 7 Mid-Cap Stocks have now become Large-Cap as per AMFI’s New List - Varun Beverages - ABB India - Page Industries - Tata Elxsi - Bosch - Trent - PI Industries Largecap TO Midcap ⬇️⬇️ 7 Large-Cap Stocks have now become Mid-Cap as per AMFI’s New List - Muthoot Finance - One97 Communication (PayTM) - Bandhan Bank - Mphasis - Gland Pharma - Piramal Enterprises.

Infosys

The company has guided for 16%-16.5% revenue growth in the fiscal ending March 31, compared to 15%-16% projected at the end of the September quarter, and 14-16% at the end of the June quarter. The attrition rate eased to 24.3% in the October-December period, as compared to 27.1% in the previous three months. The headcount increased by a net 1,627 to 3,46,845. "Our revenue growth was strong in the quarter, with both digital business and core services growing. This is a clear reflection of our deep client relevance, industry-leading digital capabilities and unrelenting dedication of our employees," Salil Parekh, chief executive at Infosys, said. "As reflected in the large deals momentum, we continue to gain market share as a trusted transformation and operational part for our clients. Infosys' digital services accounted for 62.9% of total revenue, clocking an annual constant-currency growth of 21.7%. While operational profitability of the Bengaluru-based IT firm remained stable over the previous three-month period, it declined 2% annually. "Operating margins in Q3 remained resilient due to cost optimisation benefits, which offset the impact of seasonal weakness," Nilanjan Roy, chief financial officer at Infosys, said in the statement. “Attrition reduced meaningfully during the quarter and is expected to decline further in the near-term." The company has retained its profitability margin at 21-22% for FY23. *Business Performance* According to Infosys' factsheet on its December quarter results, the BFSI segment accounted for the highest share of overall revenue. That was followed by retail, communications, manufacturing and hi-tech. Geographically speaking, North America brought in more than 60% of Infosys' revenue. Europe accounted for more than a quarter. As on Dec. 31, Infosys had 1,850 clients, including 134 new deals struck in the third quarter. The top 25 clients contribute more than 35% of the company's overall revenue. The company, at present, has nearly 1,000 million-dollar clients. The company had a free cash flow of Rs 4,741 crore, as on Dec. 31, compared to Rs 4,752 crore on Sept. 30.

U.S. CPI Inflation y/y

Current: 6.5% Expected: 6.5% Previous: 7.1% (Data seen inline with estimates) *U.S. Core CPI Inflation m/m:* Current: 0.3% Expected: 0.3% Previous: 0.2%

HCL Technology

HCL Technologies on January 12 reported a 20 percent rise in its consolidated net profit for the quarter ended December 2022 (Q3FY23) at Rs 4,096 crore as against Rs 3,442 crore a year back. Its consolidated revenue from operations increased 19.61 percent to Rs 26,700 crore against Rs 22,321 crore in the corresponding quarter last year, the company said in an exchange filing. The numbers beat estimates as according to a poll of brokerages, consolidated revenue was expected to come in Rs 26,026 crore, up 16.6 percent year-on-year (YoY) growth, while consolidated profit after tax (PAT) was estimated to increase 10.6 percent YoY to Rs 3,796 crore. Revenue in terms of constant currency was up 5 percent sequentially and 13.1 percent year-on-year (YoY). The company said it won 17 large deals during the quarter - seven in the services segment and 10 in software. The total contract value (TCV) of new deal wins was at $2.35 billion, up 10 percent YoY. The Board of Directors has also declared an interim dividend of Rs 10 per equity share for FY23. The record date is set as January 20. The Payment date shall be February 1, 2023. HCL Tech said the EBIT margin during the quarter was at 19.6 percent, up 165 bps sequentially. Net margin stood at 15.3 percent, up 117 bps sequentially. “We have delivered a strong performance this quarter across all key metrics – revenue growth, margin expansion, booking growth and people metrics," said C Vijayakumar, CEO & Managing Director, HCLTech. "Our strong revenue growth is led by our services business which grew 15.4 percent YoY CC. Our margins at 19.6 percent this quarter, increased Providing guidance for FY23, the company said revenue is expected to be between 13.5-14 percent YoY in constant currency. Services revenue is expected to be 16-16.5 percent YoY in constant currency. It said the EBIT margin will likely narrow to 18-18.5 percent. The last twelve-month attrition rate - a measure of employees leaving the company voluntarily - was at 21.7 percent down from 23.8 percent in the September quarter and higher than 19.8 percent in the December quarter last year. The company overall added 2,945 employees during the quarter, taking the total headcount to 2,22,270. It also added 5,892 freshers during the quarter.

EKI ENERGY

CO ANNOUNCES COLLABORATION WITH DNV, A NORWAY- BASED INDEPENDENT ASSURANCE AND RISK MANAGEMENT PROVIDER

GM BREWERIES

GM BREWERIES Q3 SL NET PROFIT RUPEES 259M VS 198M (YOY); 227M (QOQ) GM BREWERIES: Q3 EBITDA 332M RUPEES VS 270M (YOY) || Q3 EBITDA MARGIN 5.45% VS 5.25% (YOY) BEAT YOY AND QOQ BEAT EBITDA AND MARGINS

PayTm

Alibaba likely to have sells stake in Paytm via bulk deals; stocks down 5 percent Alibaba is likely to have sold 2 crore shares in Paytm today via bulk deals, quoting Sources, reported CNBC-Awaaz. Today nearly 3.1% equity changed hands in Paytm at an average price of Rs 540 per share. Soft Bank lock in of company's shares ends on January 15.

How Indian Govt. Earns

How Govt Earns 1. Borrowing and other Liabilities 35% 2. GST 16% 3. Income Tax 15% 4. Corporation Tax 15% 5. Union Excise Duties 7% 6. Customs 5% 7. Non Tax Revenue 5% 8. Non Debt Capital Receipts 2% *Where Govt Spends* 1. Interest Payments 20% 2. State's Share of Taxes and Duties 17% 3. Central Sector Schemes 15% 4. Finance Commission and other Transfers 10% 5. Centrally Sponsored Schemes 9% 6. Other Expenditures 9% 7. Defence 8% 8. Subsidies 8% 9. Pensions 4% *Source: trade.brains*

Power of SME IPO

Bombay Super Seeds Ltd. NSE SME IPO : April 2018 Lot Size : 2,000 @ Rs 60 Investment : Rs 1,20,000 Bonus : 2019 : 1:5 (400) Bonus : 2020 : 1:3 (800) Total Holding : 3,200 Shares Migration to main board Stock Split : 2022 : 10 to 1 New Holding : 32,000 Shares Current Price : 271 Holding Value : 86,72,000 Time Period : 55 Months *Reward of Holding : 7227%*

Infosys Q3 preview

Sales seen rising 19% YoY; 2023 outlook pivot for D-Street Infosys NSE 1.56 % is likely to report strong double-digit year-on-year (YoY) growth in both the topline and bottomline for the quarter ended December due to strong deal pipeline and execution. Consolidated revenue is seen rising nearly 19% on year, and 4% sequentially to Rs 37,890 crore, according to the average of estimates given by 10 brokerages. The net profit is seen rising 11% on year and 7.2% sequentially to Rs 6,455.40 .. The Bengaluru-headquartered software major will release its quarterly numbers after market hours on Thursday. Furloughs and cross-currency headwinds are likely to restrain the constant currency sales growth for Infosys at about 1.5-1.8% sequentially, said analysts. Earlier this week, peer Tata Consultancy Services NSE 1.21 % reported a 19% growth in the topline and a 11% rise in the bottomline, but the net profit missed analysts .. While the near-term outlook for the IT sector remains murky in view of the economic slowdown in the US and Europe, most analysts expect Infosys to retain its sales growth and margin guidance for the current financial year. Infosys had guided for a 15-16% growth in sales in constant currency terms for FY23, and a 21-22% operating margin, calculated as earnings before interest and tax (EBIT). For the second quarter in a row, the software major will .. Peer TCS NSE 1.21 % had reported strong double-digit growth across these sectors in the last quarter. From a geography perspective, the Street will watch for growth in North America, the UK and Europe. TCS saw a double-digit growth in both North America and the UK, while the growth was in single digits for Europe, and the company had highlighted heightened uncertainty in this market when compared to North America and UK.

Adani Group

Ports-to-energy conglomerate Adani Group on Wednesday said that it has plans to invest Rs 60,000 crore in mineral exploration, energy, agriculture, renewable energy and coal sectors. The group, however, did not give timelines for the investment. "During one-to-one interaction with Madhya Pradesh chief minister Shivraj Singh Chouhan on the sidelines of the two-day Global Investors Summit (GIS) in Indore, Pranav Adani, managing director (Agro, Oil & Gas), and director of Adani Enterpr .. The chief minister asked him to give priority to the local youths in employment to which Adani said, "It is our duty". The group will run skill development centres as per its requirement to train the youths of the state and it also has plans to establish a hospital in Madhya Pradesh. Chouhan also apprised him about opportunities to set up food processing units in the state, the release said. Meanwhile, addressing the GIS summit, Aditya Birla Group head Kumar .. At present, seven businesses of Birla Group are running in the state and their total investment has crossed Rs 60,000-crore mark. Referring to the state's economic progress in the last decade, he said that Madhya Pradesh has presented itself as a "ready for the future" state. He informed that over 25,000 employees in the state are part of the Birla Group. In separate interactions with the chief minister, while Dalmia Bharat Group's Puneet Dalmia has expressed interest .. Meswani informed Chouhan that 5G network will be expanded till tehsil level by the year end and also said that at present 175 petrol pumps are being operated by the group and their number will be doubled. He informed that the group has plans to invest big in the solar energy sector and a necessary survey and studies are going on in the Chambal area. He also showed interest in setting up full processing units of textile in the state, the release added.

Sterlite Power

Sterlite Power secures Rs 305 crore funds The project involves construction of a transmission system comprising a 400/132kV GIS sub-station at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti, the company said in a statement. Sterlite Power on Wednesday said it has received funds worth Rs 305 crore from Aseem Infrastructure Finance to set up the Kishtwar Transmission Ltd (KTL) project in Jammu. The project involves construction of a transmission system comprising a 400/132kV GIS sub-station at Kishtwar and a 400 kV transmission line from Kishenpur to Dulhasti, the company said in a statement. “Sterlite Power secures Rs 305 crore funding from Aseem Infrastructure Finance for Kishtwar Transmission project,” it said. The transmission system will aid evacuation of 1,000 MW of power from Pakaldul Hydro Electric Project to the Kishtwar sub-station. “This will be our second project in the region after delivering the mega NRSS Kashmir project ahead of schedule,” Akshay Hiranandani, Executive Director – Corporate Finance at Sterlite Power, said. In December 2022, Sterlite Power acquired the KTL Special Purpose Vehicle. Aseem Infrastructure Finance Ltd is a Non Banking Financial Company (NBFC) promoted by the Strategic Opportunity Fund (SOF) of National Investment and Infrastructure Fund (NIIF), with anchor investments from the Indian government and Japan’s Sumitomo Mitsui Banking Corporation (SMBC). Sterlite Power is a leading private sector power transmission infrastructure developer and solutions provider with projects covering approximately 13,700 circuit kilometres of transmission lines across India and Brazil.

Auto Expo 2023 highlights Day 1

Maruti Suzuki eVX SUV, MG Hector facelift pricing, Hyundai Ioniq 5 launch, and more Day 1 of the 2023 Auto Expo comes to an end with some new product launches, unveils, announcements, and concepts. The day started with Maruti Suzuki unveiling the eVX electric SUV concept, followed by MG India announcing prices of the updated 2023 Hector SUV. MG India also showcased the eHS and the MG4 electric vehicles, which are global models and will come to India at a later stage. The highlight of the day was the launch of the Hyundai Ioniq 5 EV, priced at Rs 44.95 lakh ex-showroom. The Ioniq 5 is powered by a 72.6kWh battery pack that can be charged fully in 18 minutes using a 350kW DC charger. Following Hyundai, Kia showcased the EV9 concept, along with the Kia KA4 MPV, which in essence, is the updated version of the Kia Carnival SUV. Kia also announced its investment plans for India and its road ahead in the EV space. Lexus unveiled the new RX500h for India, which will be available in two powertrains, including the F Sport version, while Toyota showcased a host of models including the Prius, the new Land Cruiser, the Corolla, and the Mirai. It was not all cars that stole the limelight though, as Volvo Eicher showcased its electric bus that has a range of 500 km while it can be fully charged in 45 minutes. Going one up, JBM Auto showcased its electric bus that has a range of 1000km on a full charge. Cummins took the other route showcasing its products based on internal combustion engines that can run on hydrogen. Greaves Cotton showcased three electric two-wheelers while Matter showcased a few concepts at the ongoing Expo. Keeway and Benelli also showcased their offerings for India, which included Keeway’s portfolio, and the launch of the retro SR250 motorcycle. The star of the show was possibly Liger Mobility, a Mumbai-based startup that showcased the world’s first self-balancing electric scooter. Liger’s unique self-balancing tech kicks in at low-speed mode (up to 5kmph) which allows the user to not keep their feet on the ground, in a typical start-stop or crawl traffic scenario. Finally, Tata Motors wraps up day 1 of the Auto Expo by showcasing its hydrogen-powered commercial vehicles, the Tata Prima E.55S and H.55S. Finishing off was the announcement of the CNG version of the Punch and Altroz, along with the Tata Harrier EV AWD, that was showcased. That brings a wrap to the first day of the 2023 Auto Expo, which is scheduled to take place till the 18th of January. Although some big names such as Mahindra, TVS, Skoda, Volkswagen, Royal Enfield, and others were missed, the Expo had a lot to offer. Stay tuned for Day 2 of the Auto Expo as we bring all the action live from the venue.

Bajaj Allianz Life, Punjab & Sind Bank enter into strategic partnership

Punjab & Sind Bank becomes 25th Bank to partner Bajaj Allianz Life Insurance for distribution of the insurer’s products Punjab & Sind Bank (PSB), a public sector bank, and Bajaj Allianz Life Insurance Company (BALIC) have entered into a Corporate Agency Partnership. The partnership will allow PSB’s new and existing customers to avail a variety of retail life insurance products from BALIC including term, savings, retirement and investment options. It will allow BALIC to offer protection and savings life insurance plans to bank’s customers through its branch network. Swarup Kumar Saha, MD & CEO, Punjab & Sind Bank and Tarun Chugh, MD & CEO, BALIC signed the partnership agreement in the capital on Wednesday. PSB is the 25th Schedule Commercial Bank that is partnering with BALIC for distributing its life goals-based product suite. Swarup Kumar Saha, MD & CEO, PSB said, “Punjab & Sind Bank is happy to partner with a leading private life insurer to offer our customers with value-packed solutions for their life insurance needs. The Bank is in the phase of diversifying its third party product portfolio and with this tie-up we are happy to announce the introduction of Credit Life protection for our loan customers”. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “It is a prestigious moment for all of us at Bajaj Allianz Life Insurance. To provide the Bank’s customers, across segments, a delightful experience towards fulfilling their life goals with us, we have a comprehensive suite of products and services backed by robust technology. The life insurer will work closely with the bank to enable customers to get seamless service and help them achieve their long-term financial goals in a planned manner. This includes responding to customer support requests made via WhatsApp or a self-service tool like the Bajaj Allianz Life LifeAssist App, in addition to the well-trained bank employees servicing the life insurance division.

NPCI allows UPI transactions for non-resident accounts

NPCI allows UPI transactions for non-resident accounts linked to international numbers Move will widen the use of digital payments as Indians living overseas will also be able to make instant transactions The National Payments Corporation of India (NPCI) has allowed UPI transactions for non-resident bank accounts linked to mobile numbers of 10 countries, it said in a notice. Non-resident account types like NRE/NRO accounts having international mobile numbers shall be allowed to get on-boarded/transact in UPI, the notice said, adding that the step was taken after NPCI received several requests from the payments ecosystem and customers for the same. NPCI has been working to expand and boost the use of UPI across the world, and this move will widen the use of digital payments as Indians living overseas will also be able to make instant transactions, said Rajsri Rengan, Head of Development-Banking & Payments, India and the Philippines, FIS. It had allowed UPI transactions to and from NRO/NRE accounts linked to Indian numbers in October 2018. NRIs couldn’t access the UPI network since SIM binding, which is an important security feature of UPI, was available only to Indian SIM cards (phones), said Mandar Agashe, Founder and MD of Sarvatra Technologies, adding that allowing mobiles (SIMs) from other countries will open up huge pending demand from NRIs. The 10 countries allowed under the facility are Singapore, Australia, Canada, Hong Kong, Oman, Qatar, USA, Saudi Arabia, UAE and United Kingdom. NPCI has mandated all UPI members, including banks and payments platforms, to comply with the norms by April 30. The facility will soon be extended to mobile numbers of other countries as well, it said. Instant transfer “The major convenience factor would be in the form of ‘payment/money transfer convenience’ for NRIs when they visit India, and can pay easily across millions of Indian merchants accepting UPI, thus, doing away with the use of their expensive international cards,” said Vishwas Patel, Chairman of Payments Council of India (PCI) and Executive Director of Infibeam Avenues Ltd. This also will also facilitate increasing adoption and popularity of Indian payments technology internationally and help make UPI a global payment and money transfer network, he added.

Green power

In a first, Tata Power to help Mumbai housing complex go green with solar energy A residential society in Mumbai is all set to go off the grid,  using captive solar energy for domestic usage. Tata Power Renewable Energy Limited has signed an agreement with Vivarea Condominium, a housing society in Mumbai, to supply solar power. A first of its kind, the 3.125 MW solar plant will be set up at Himayatnagar, Maharashtra to power the society with clean energy. TPREL will undertake the construction, operation and maintenance of this captive solar power plant, which is expected to generate about 7.5 MU of energy and offset 6.15 tonnes of CO2 in the first year itself. The project will be commissioned by October and will provide green power at approximately 40 per cent less than the cost of the existing tariff to Vivarea Condominium. ‘Future of mankind’ “Vivarea Condominium is extremely delighted to partner with Tata Power on a group captive solar open access that will produce green energy for our use. We will be the first in the country to get green power at roughly 40 per cent less than the cost of the existing tariff. With the backing of all the residents, we have always been at the forefront when it comes to switching to clean energy. We believe that investment in green energy is investment in the future of mankind,” said Mitesh Mehta, Honorary President, Vivarea Condominium. Tata Power has a portfolio of more than 10 GW of ground-mount utility-scale solar projects and over 1.3 GW of rooftop and distributed generation projects across the country. The total renewables capacity of TPREL is 6,048 MW with an installed capacity of 3,884 MW (solar — 2,956 MW and wind — 928 MW) and 2,164 MW are under various stages of implementation.

Tax Collection

Gross direct tax collection grew 24.5 per cent, expect to exceed the budget estimate by good margin. While direct tax collections are pegged to grow 20.7 per cent y-o-y, indirect taxes are projected to increase by 8.4 per cent y-o-y in FY23

Uttam Sugar Mills

Uttam Sugar Mills The company’s board approved increasing daily capacity of its ethanol distillery in Barkatpur by 100 kilolitres to 250 kilolitres with a capex of Rs 56 crore. The company will also send Rs 40 crore to increase its cane crushing capacity enhancement to 26,200 tonnes of cane per day.

Adani Wilmar

Adani Wilmar Business Updates for December Quarter (YoY) - The company registered overall volume growth in high teens and value growth of high single-digit. - Edible oil segment saw high-single digit volume growth, and low-single digit rise in value.

Sun Pharma

Sun Pharma Rises After Breast Cancer Drug Launch Sun Pharmaceutical Industries Ltd. launches Palbociclib, a novel targeted therapy for advanced breast cancer. Palbociclib helps delaying disease progression when co-administered with hormonal therapies.

Cyient DLM Limited

Cyient DLM Limited a subsidiary of Cyient Limited has field DRHP with SEBI for IPO Fresh :₹740 Cr Employees : yes Shareholders :yes Cyient Limited (Listed).

PIRAMAL PHARMA

PIRAMAL PHARMA: CO SAYS US FDA ISSUED A FORM-483, WITH SIX OBSERVATIONS || THE OBSERVATIONS WERE CLASSIFIED UNDER VAI AND DOES NOT RELATE TO DATA INTEGRITY

India is spending 2x more time in upskilling vs the world.

India is spending 2x more time in upskilling vs the world. And all that's translating ultimately into India's growth and productivity. - Satya Nadella

Adani Ports and Special Economic Zone

The Adani-Gadot combine has completed the acquisition of Haifa port in, the finance ministry of Israel said in a statement.

Tata Motors

Tata Motors The company’s subsidiary Tata Passenger Electric Mobility completed the acquisition of Ford India’s Sanand-based manufacturing plant.

December Mutual Fund Data

December Mutual Fund Data Industry posts total net inflow of Rs 4,491.5 crore versus an inflow of Rs 13,263.56 crore in November. Equity mutual funds see inflow of Rs 7,303.4 crore in December vs inflow of Rs 2,258.35 cr in November. Debt mutual funds see outflow of Rs 21,946.7 crore in December vs inflow of Rs 3,668.59 crore in November. Hybrid mutual funds see inflow of Rs 2,255.2 crore in December vs outflow of Rs 6,477.33 crore in November. Average AUM: Rs 40.76 lakh crore vs Rs 40.49 lakh crore in November. Net AUM: Rs 39.88 lakh crore vs Rs 40.37 lakh crore in November.

ZYDUS LIFE

ZYDUS LIFE: CO RECEIVES FINAL APPROVAL FROM THE USFDA FOR FEBUXOSTAT TABLETS || US SALES OF USD 32M

GOA CARBON

GOA CARBON ➡️ *Short Term xxxx 👉FV: ₹10 *All Time High: ₹1012* 52W H/L: ₹320/₹683 Market Cap: ₹498 crores *Promoter holding: 59.72%* *Total Number of Paid-up Shares are 91,51,052 ONLY* Book Value: ₹170 Dividend: ₹10 per share paid with Q1 results EPS for Q2 was ₹38.68 and H1 was ₹54.60 *EEPS for FY2022-23 can be ₹110* ~ _*Note that Goa Carbon is trading at PE of 5.1 ONLY*_ *Further, Goa Carbon is raising funds of ₹200 crores through Rights Issue of Shares and they use these funds for repayment of its outstanding Borrowings, which may lead to decrease in interest cost and increase in profitability.* Goa Carbon is manufacturer of Calcined Petroleum Coke with annual capacity of 308,000MT. *Goa Carbon is Best Performing Small Cap Stock*

Copper likely to witness supply deficit, prices may surge to $10,000/t

Copper will likely move into a supply deficit this year and its prices may rule higher than in 2022 targeting $10,000 a tonne, research analysts say. “On the demand side, we expect a rebound in mainland Chinese copper demand to boost prices along with a weakening dollar. On the supply side, we expect operational issues to persist in Latin America with minimal increases in output in 2023,” said research agency Fitch Solutions Country Risk and Industry Research, a unit of Fitch. ING Think, the economic and financial analysis wing of Dutch multinational financial services firm ING, said despite its bearish short-term outlook, copper should rule above $7,500 throughout 2023 due to tightening supply. Price forecast Goldman Sachs expects copper prices to average around $9,750 this year, with the average price jumping to $12,000 by 2024. Currently, copper is quoting $8,385 a tonne for the three months delivery contract and $8,362 for cash delivery. Online trade provider IG Group’s IG Bank said copper prices could benefit from the Chinese recovery and move into a supply deficit this year. It sees the red metal, which is used in wiring, plumbing, electric vehicles and industrial machinery, to top $9,500. Fitch Solutions said it was raising its copper price forecast to $8,500 a tonne from $8,400 previously, “as demand edges higher alongside a comparatively weaker supply outlook”. IG Bank said $9,030 is the initial target from copper’s upside move and breaking it could take prices to $9,770. “Should copper prices instead retrace to move below the $7,900 level, our bullish assumptions on the commodity would need to be reassessed,” it said. Goldman Sachs said in 2022 the sanctioned copper projects amounted to only 2,63,000 tonnes, the lowest approval in the last 15 years. “...even the extraordinarily high prices seen earlier in cannot create sufficient capital inflows and hence supply response to solve long-term shortages,” it said. Renewable energy demand IG Bank said, “China restocking its inventory that had diminished combined with copper’s increased appeal through greener renewable energies could bode well for prices in 2023.” ING Think, however, said the demand for industrial metals has been hit by surging coronavirus infections in China following “an abrupt exit from Beijing’s zero-Covid policy”. On 2022, Fitch Solutions said competing supply and demand factors caused considerable volatility in copper price in 2022. “Prices weredriven to an all-time high of $10,674/tonne on March 4 by concerns over supply disruptions after Russia’s invasion of Ukraine,” it said. However, prices declined sharply in late April as the global macroeconomic picture worsened and concerns grew over future demand from mainland China in particular. A stronger dollar also capped demand for the commodity which is traded in the currency internationally, it said. A rebound in copper demand from Chinese consumers has provided support to prices, attracted by lower rates and the urgent need to fulfill inventory needs in preparation for the looming demand surge expected in 2023, the research agency said. “We expect the easing of China’s Covid-19 restrictions and the pivot away from its strict zero-Covid policy to boost demand for industrial metals including copper in the coming months, especially as numerous stimulus measures are adopted to support the domestic construction sector. …we see demand rebounding in Q223 onwards,” Fitch Solutions said. Long-term bullish The support of China, world’s chief importer of copper, for the property sector and the curbing of Covid restrictions will increase demand for the commodity as well, IG Bank said. “In the long term, we see copper benefitting the most from these policy changes given its higher usage in all clean energy technologies,” said Goldman Sachs. Fitch Solutions said, “In the longer term, we expect the copper market to remain in deficit as the green transition accelerates along with the demand for ‘green’ metals including copper.” IG Bank said, “Copper supply is said to be very low in the global marketplace with suggestions from the likes of Goldman Sachs, Bank of America and Trafigura that the metal should trade in deficit territory through 2023, possibly reaching new high territory in the year.”

Rolls-Royce Sells Over 6000 Cars In 2022, Highest Ever In Its 118-Year History

Highlights Rolls-Royce sold 6,021 cars globally in 2022. This is the first time that the company's annual sales has crossed 6,000 units. The USA remained the company's largest market, followed by China. Uber-luxury car marque, Rolls-Royce Motor Cars, has released its sales number for the 2022 calendar year. Between January and December 2022, the British brand registered 6,021 units in sales, the highest-ever annual sales. In fact, this is the first time in the company's 118-year history that its sales have exceeded 6,000 in a single 12-month period. Compared to the 5,586 vehicles sold in 2021, Rolls-Royce witnessed an annual growth of 8 per cent year-on-year. Commenting on the company's performance, Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars said, “2022 has been a momentous year for Rolls-Royce Motor Cars. Not only did we reveal Rolls Royce Spectre, our marque’s first ever fully electric series model to the world, it was also the first year we ever delivered more than 6,000 cars in a single 12-month period, with strong demand across our entire product portfolio. But as a true House of Luxury, sales are not our sole measure of success: we are not and never will be a volume manufacturer. Bespoke IS Rolls-Royce, and commissions were also at record levels last year, with our clients’ requests becoming ever more imaginative and technically demanding – a challenge we enthusiastically embrace.”

TVS Motor

TVS Motor launches The New TVS Metro Plus 110 in Bangladesh TVS Motor Company announced the launch of its TVS Metro Plus 110 refresh in Bangladesh. The motorcycle boasts upgraded features that are identified as customer needs in this segment. The renewed styling and safety aspects of the product will cater to the new generation and the growing customer demand in the Bangladesh market. The New TVS Metro Plus 110 has an elevated stylish quotient with look, a premium 3D logo and a stylish dual-tone muscular fuel tank. The motorcycle is known for its technologically advanced features delivering on the commuter needs of mileage, safety, comfort and style. The product has an array of impressive features such as an all-gear electric start, aluminium grab rail, chrome muffler guard and a sporty instrument cluster. The motorcycle will be available in Electric Start Alloy Wheel variants and will come in three colour schemes - with two new dual-tone colours. TVS Metro Plus has sold over 1.2 lakhs units in Bangladesh since its first launch and delivers the best in-class mileage of 86kmpl. TVS Motor Company offers a standard two-year warranty and six free services on all the TVS products. The New TVS Metro Plus 110 will be available at all TVS Auto Bangladesh showrooms.Powered by Capital Market - Live News

Tata Motors

Tata Motors reported a 15 percent on-year increase in wholesale sales of Jaguar Land Rover to 79,591 units, a sequential increase of 5.7 percent. The growth was driven by North American, British and Overseas markets, while there was a decline in volumes in China and Europe. The retail sales at 84,827 units were up 5.9 percent on year but down 3.7 percent sequentially. JLR has a record order book of over 2.15 lakh units.

TCS

3Q revenue of 582.3Bln Rs. Vs est of Rs.572.08 bln

3Q Net income of Rs.108.5 bln vs Rs. 110.65 Bln

Spl divided of Rs. 67/share. Interim dividend of Rs. 8/share

SONA BLW PRECISION FORGINGS

SONA BLW PRECISION FORGINGS to acquire ~ 54% equity in NOVELIC D.O.O. BEOGRAD - ZVEZDARA which develops ADAS Sensors and software || DEAL FOR 40.5M EUROS (to be paid in 2 years / 3 tranches)

The deal value is ~1 year PAT at current rate NOVELIC’s capabilities will help Sona Comstar to grow in the area of autonomous and connected vehicle technologies by utilizing sensors and perception solutions, Brief Background about NOVELIC : NOVELIC is the world's leading self-sustaining provider of mmWave radar sensors, perception solutions, and full-stack embedded systems. During more than ten years of market presence NOVELIC has built an extensive portfolio of mmWave radar solutions and perception solutions that enable off-the-shelf and custom product focused on autonomous driving and automation. NOVELIC also does fullcycle development of electronics and software services based on its hardware-in-loop (HIL) systems, control systems, ECU hardware/software platform, annotation tools and other in-house platforms. The transaction scope also includes acquisition of Nirsen d.o.o. Beograd-Zvezdara (Nirsen), an entity owned by the founders of NOVELIC, engaged in chip designing business.

ZERO-COVID

 CHINA REOPENS BORDERS IN FINAL FAREWELL TO 'ZERO-COVID' POLICY

Titan

12% growth on such a strong n high base which had pent up+revenge spending+jewellery shopping post unlock

Emerging biz growth of 78% is just too good Solid solid traction Amazing execution from Titan.

Insane resilience in the business! Strong Q3 Update: - Good Growth on a High Base, Strongest growth in New Businesses - Total Sales +12% in Q3, Total Store Adds at 111 This, at a time when other companies are struggling to get double digit growth!

Jewellery Biz: - Grows 11% on a base of 37% growth last year - Jewellery Biz grows ~24% QoQ Co Says: - Sales from studded category moderately outpaced gold - Saw health new buyer additions and higher value purchases - Adds 22 new Jewellery stores in Q3

And here's my favorite part: - Fashion & Fragrance +39% - Taneira Sales +150% - Taneira store count at 36 Smaller verticals of the company are growing at an insane pace. The company has tall targets for these businesses. Good to see them get traction here.

Delivers a healthy double digit growth YOY despite a very high base All segments grows in double digits Jewellery 11% Watches 14% Eyecare 10% Emerging business 75% Taneria150% F&FA 39% Consol: Engg58% Caratlane50% 129 new stores