Good Morning!
Stock Market Recap
Nifty snaps two day losing streak, ends in green, up over 0.4% today; HDFC Life & SBI Life are the top gainers in Nifty, both up over 2.5% today
Broader market underperforms benchmark. Nifty Midcap 150 snaps 4 day losing streak, ends almost 0.1% higher. Patanjali Foods is the top gainer in Nifty Midcap 150, up almost 7.5%
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
US Market Recap
US stocks majorly jumped on Wednesday, September 16 even as traders wait for the Federal Reserve to announce a possible interest-rate hike amid inflation concerns.
At 9:31 a.m. EDT, Dow Jones Industrial Average remained majorly unchanged at 52,055 points, S&P 500 gained 17 points or 0.23% to 7,603.05, while the Nasdaq Composite climbed over 122 points, or 0.47%, to 26,103.72.
Earnings
Tempsens Instruments Q1 (Cons, YoY)
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Revenue up 33.4% to Rs 119 Cr versus Rs 89 Cr
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Ebitda up 15.6% to Rs 23.8 Cr versus Rs 20.6 Cr
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Ebitda margin at 20% versus 23.1%
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Net profit up 14.2% to Rs 15.2 Cr versus Rs 13.3 Cr
Stocks In News
- Imagicaaworld: Board gives in-principle nod to sell Hotel Novotel Imagicaa to Juniper Hotels for Rs 248 Cr; transaction expected to complete by March 31, 2027.
- Krsnaa Diagnostics: Executes concession pact for PET-CT facilities in Punjab under PPP model; gets 15-year concession.
- GOCL Corp: Completes monetisation of about 157 acres out of 264.5 acres.
- Panorama Studios International: Executes content licence agreement with Las Gatos Production Services India; executes distribution pact with Digital18 Media for Drishyam rights.
- Thomas Cook: Opens forex counters at new Vizag airport.
- LT Foods: To buy 49% stake in Kameda LT Foods for Rs 1.12 Cr.
- RIL: Allots 12 lakh NCDs worth Rs 12,000 Cr via private placement.
- Samvardhana Motherson: Issues corporate guarantee of Rs 75 Cr in favour of Mizuho Bank.
- Rainbow Children’s Medicare: Commences operations of hospital in Andhra Pradesh.
- Kalpataru Projects: Arm LMG gets nod from Swedish Financial Supervisory Authority on IPO prospectus.
- Repco Home: Paiyur Vaidyanathan ceases to be whole-time director and chief development officer; Bakthavatsalu Kannan to take charge as chief development officer from Sept. 17.
- Tembo Global: Gets listing nod for 40.5 lakh shares issued on conversion of warrants.
- Niva Bupa Health: Appoints Karan Bhatia as chief investment officer.
- RBL Bank: Approves allotment of $350 Mn senior unsecured notes.
- Granules India: Approves allotment of 2.5 Cr shares to promoter group investor category.
- Nazara Tech: Raymond Albaladejo Stauffer takes charge as CEO from Sept. 16; Nitish Mittersain ceases to be CEO from Sept. 15.
- HEG: Company name to change to HEG Advanced Materials from Sept. 22.
- Gujarat Narmada Valley: Appoints Sanjeev Kumar as MD for five years.
- HG Infra Engineering: Gets show-cause notice from Karnataka Tax Department; aggregate liability under notice is Rs 94 Cr.
- Venus Pipes: To create and allot 22 lakh shares worth Rs 372 Cr to proposed allottees.
- Fine Organic: Invests Rs 55 Cr in arm Fine Organic Industries (SEZ).
- RIR Power: Completes installation of SiC manufacturing reactors at Bhubaneswar.
- Alembic Pharma: US FDA issues EIR for Vadodara unit.
- Metro Brands: Re-appoints Farah Malik Bhanji as MD for five years from April 1, 2027.
- Infosys: Announces expansion of Indore development centre.
- South Indian Bank: Opens new branch in Andhra Pradesh.
- Mazagon Dock: In pact with National Shipbuilding & Heavy Industries Park; to participate as anchor shipyard in greenfield shipbuilding cluster.
- Fortis Healthcare: Signs agreement with Seth Sunder Lal Jain Charitable Eye Hospital to provide healthcare services in New Delhi; hospital expected to commence operations in 3-4 years.
- Embassy Developments: Board to meet on Sept. 19 to consider fundraise.
- G R Infraprojects: Issues termination notice to NTPC for EPC package.
- Gujarat Themis: Allots NCDs worth Rs 585 Cr via private placement.
- Manipal Health: Uses IPO proceeds to fully redeem outstanding NCDs worth Rs 5,310 Cr.
- Shriram Finance: Board to meet on Sept. 21 to consider buyback of debt securities.
- Coromandel International: Issues $15.5 Mn corporate guarantee for Senegal arm.
- Rhetan TMT: Shareholders approve re-appointment of Shalin Ashok Shah as MD from Jan. 8, 2027.
IPO Listing
Asset Reconstruction Company (India): Asset reconstruction company engaged in acquiring stressed assets from banks and financial institutions and implementing resolution strategies.
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Assets: Rs 4,460.85 Cr
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Total income: Rs 785.08 Cr
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Profit after tax: Rs 407.84 Cr
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Ebitda: Rs 588.93 Cr
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Net worth: Rs 3,079.39 Cr
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Total borrowing: Rs 1,205.50 Cr
Manipal Payment & Identity Solutions: Provides payment, identification, secure, smart tagging and IoT solutions to banks, fintechs, NBFCs and governments.
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Assets: Rs 1,160.90 Cr
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Total income: Rs 1,356.59 Cr
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Profit after tax: Rs 253.46 Cr
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Ebitda: Rs 455.83 Cr
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Net worth: Rs 1,107.34 Cr
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Total borrowing: Rs 0.42 Cr
Steamhouse India: Industrial gas company specialising in generation and centralised distribution of steam and nitrogen through pipeline networks.
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Assets: Rs 679.45 Cr
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Total income: Rs 494.97 Cr
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Profit after tax: Rs 38.64 Cr
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Ebitda: Rs 83.49 Cr
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Net worth: Rs 163.76 Cr
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Total borrowing: Rs 281.62 Cr
LCC Projects: Provides EPC services for irrigation and water supply projects.
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Assets: Rs 2,447.54 Cr
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Total income: Rs 3,639.45 Cr
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Profit after tax: Rs 286.44 Cr
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Ebitda: Rs 519.90 Cr
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Net worth: Rs 888.41 Cr
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Total borrowing: Rs 860.65 Cr
Karamtara Engineering: Manufactures products for renewable energy and transmission lines, including solar structures, fasteners and transmission line hardware fittings.
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Assets: Rs 4,142.24 Cr
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Total income: Rs 4,316.36 Cr
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Profit after tax: Rs 228.75 Cr
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Ebitda: Rs 498.11 Cr
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Net worth: Rs 1,219.40 Cr
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Total borrowing: Rs 1,030.13 Cr
Rentomojo: Technology-driven D2C online rental and subscription platform for furniture and appliances.
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Assets: Rs 641.12 Cr
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Total income: Rs 394.09 Cr
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Profit after tax: Rs 104.30 Cr
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Ebitda: Rs 163.46 Cr
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Net worth: Rs 295.81 Cr
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Total borrowing: Rs 187.59 Cr
Veegaland Developers: Real estate developer focused on residential, commercial and mixed-use projects.
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Assets: Rs 483.81 Cr
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Total income: Rs 254.16 Cr
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Profit after tax: Rs 26.61 Cr
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Ebitda: Rs 42.64 Cr
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Net worth: Rs 266.90 Cr
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Total borrowing: Rs 85.59 Cr
IPO To Open
National Stock Exchange of India: India’s largest stock exchange and a leading multi-asset exchange platform, providing trading, clearing, settlement, listing, market data and index services.
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Assets: Rs 91,334.07 Cr
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Total income: Rs 5,252.17 Cr
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Profit after tax: Rs 3,120.08 Cr
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Ebitda: Rs 4,332.04 Cr
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Net worth: Rs 34,983.74 Cr
Sonaselection India: Integrated fabric manufacturing and processing company producing cotton, cotton lycra, cotton blends and polyester blends.
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Assets: Rs 474.99 Cr
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Total income: Rs 517.60 Cr
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Profit after tax: Rs 34.02 Cr
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Ebitda: Rs 84.77 Cr
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Net worth: Rs 104.16 Cr
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Total borrowing: Rs 258.24 Cr
Bulk And Block Deals
- Glass Walls Systems (India): Authum Investment & Infrastructure bought 5 lakh shares at Rs 215.45 per share; Authum Investment & Infrastructure bought 10 lakh shares at Rs 193.12 per share; First Bridge India Growth Fund bought 6.03 lakh shares at Rs 198.75; S I Investments Broking bought 5 lakh shares at Rs 203.81 per share; CSIM India Opportunities Fund 1 bought 5.25 lakh shares at Rs 194.31 per share.
- Groww: Peak XV Partners Investments VI-1 sold 9.17 Cr shares at Rs 191.49 per share.
- Kanohar Electricals: Groww Mutual Fund bought 4.75 lakh shares at Rs 740.38 per share.
- Ratnaveer Precision Engineering: Bloomcrest Trade bought 12 lakh shares at Rs 279.99 per share; Trade Solvent bought 5.5 lakh shares at Rs 279.99 per share; Gala Parul Padamsee sold 4.76 lakh shares at Rs 278.46 per share; Skyline Retailer LLP sold 4.84 lakh shares at Rs 280.09 per share.
Corporate Actions
NIL
Board Meetings
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Emami: To consider buyback
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Federal Bank: To consider fund raising
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OnEMI Technology Solutions: To consider fund raising
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Motisons Jeweller: To consider and approve redemption of non-convertible redeemable preference shares
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Responsive Industries: To consider buyback
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Yatharth Hospital & Trauma Care Services: To consider fund raising
Lock-In
NIL
Insider Trades
Network People Services Technologies: Savita Vashist, promoter and director, sold 1.64 lakh shares; Deepak Chand Thakur, promoter and director, bought 98,064 shares; Ashish Aggarwal, promoter and director, bought 60,982 shares.
ASM Framework
Short-Term ASM Framework Stage: NIL
Securities excluded from ASM Framework: ESDS Software Solution, Kennametal India
Price Band
India Glycols: Price band changed from 5% to 20%.
ALSO READ: Trade Setup For Sept 17: Will Nifty Rebound Towards The 23,500-Resistance Zone?
F&O Cues
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Nifty September futures up 0.25% at 23,282, at a premium of 65 points.
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Nifty options Sept. 22 expiry: Maximum call open interest at 24,000 and maximum put open interest at 23,000.
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Securities in ban period: Bandhan Bank, Inox Wind, Kaynes Technology, Manappuram Finance, SAIL.
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