MARKET CAPSULE 20th JAN'24 | Bullet Rail

Welcome! Thank you for stopping by. Ready for a speedy catch-up on last week's highlights?

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Bullet Rail: Forces propelling the Railway stocks An eventful week finally comes to an end with full trading day on a Saturday being carried out by the exchanges. The week was dominated by the surge in Railways and the Public- Sector Enterprises. RVNL shares witnessed a significant rise, reaching a 52-week high of Rs 320 on the Bombay Stock Exchange (BSE) Week to date up 57%. This increase in stock price was driven by a combination of factors, including RVNL's announcement of a joint venture with Jakson Green Private Limited to explore solar power project opportunities, both in India and internationally. Furthermore, RVNL's recent formation of a subsidiary company in South Africa, named RVNL Infra South Africa, added to the positive sentiment​​​​. The stock surge wasn't confined to RVNL alone. Other railway stocks also experienced notable gains. IRFC, for instance, saw its stock price jump by 55%, while IRCON's stock went up by 36%. These gains contributed to the overall upward momentum in the sector, with many stocks hitting new 52-week highs.

The move however looks parabolic in most of these stocks and thus should best be avoided for the upcoming week. Furthermore, many companies came out with blockbuster results in recent quarter. Scroll down to check them out.

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Charting the Pulse of Indices: Sector Wise Performance

Heatmap

Market Breadth

A) Nifty 500

B) Nifty 50

Note: Breadth measures the percentage of securities in NIFTY 50 / NIFTY 500 surpassing specified moving averages over the specified period. High counts or percentages are depicted in green, neutral values in yellow, and lower counts in varying shades of red. Green shades signify an upward trend, yellow denotes a neutral stance, and red shades represent a downward trend.

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Blockbuster Results ⭐⭐⭐⭐⭐

• Sigachi Industries Ltd posted Q3FY24 Revenue at ₹111 crore, up 61% year-on-year.

• CreditAccess Grameen Ltd posts Q3FY24 Revenue at ₹1292 crore, up 42.29% year-on-year.

• Central Bank of India recorded Q3FY24 Revenue at ₹7842 crore, up 16.24% year-on-year.

• Oracle Financial Services Software Ltd posted a remarkable Q3FY24 revenue of ₹1824 crore, marking a 26% year-over-year increase.

• Ganesh Housing Corporation Ltd achieved an outstanding Q3FY24 revenue of ₹181 crore, indicating a significant 170% year-on-year surge.

• Jindal Saw Ltd  recorded Q3FY24 Revenue at ₹5656 crore, up 9.65% year-on-year.

• Poonawalla Fincorp Ltd posted Q3FY24 revenue of ₹763 crore, marking an impressive 53.21% year-on-year growth.

• Home First Finance Company India Ltd posted Q3FY24 revenue of ₹296 crore, marking a 44.39% year-on-year growth.

• Shree Digvijay Cement Co. Ltd reported Q3FY24 PAT at ₹31 crore, up 210% year-on-year.
  

Good Results ⭐⭐⭐

• Som Distilleries & Breweries Ltd recorded Q3FY24 Revenue at ₹266 crore, up 78.52% year-on-year.

• IIFL Finance Ltd recorded Q3FY24 Revenue at ₹2647 crore, up 24.79% year-on-year.

• ICICI Securities Ltd posts Q3FY24 Revenue at ₹1323 crore, up 51% year-on-year.

• Newgen Software Technologies Ltd reported Q3FY24 revenue of ₹299 crore, up 27.23% year-on-year.

Average Results ⭐

• C.E. Info Systems Ltd experienced Q3FY24 revenue of ₹76 crore, reflecting a 28.81% year-on-year growth but a decrease in revenue quarter-on-quarter.

• RBL Bank Ltd. reports Q3 FY24 PAT at ₹ 233 Cr up 12% YOY

• Angel One Ltd recorded Q3 FY24 revenue at ₹1,059 crore, up 41.38% year-on-year, but with only a 1.04% QoQ growth in revenue.

• Reliance Industries Ltd recorded Q3 FY24 revenue at ₹225,086 crore, up 3.85% year-on-year.

• Himadri Speciality Chemical Ltd posts Q3FY24 Revenue at ₹1053 crore, up 1.54% year-on-year.

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Five top gainers of this week 1. Rail Vikas Nigam Ltd (🔼 57.61%)

2. Indian Railway Finance Corporation Ltd (🔼55.4%)

3. Oracle Financial Services Software Ltd (🔼43.89 %)

4. Ircon International Ltd (🔼36.94%)

5. Housing & Urban Development Corporation Ltd (🔼32.49%)

Five good-looking charts for next week 1. MOIL Ltd

2. UCO Bank

3. Godrej Industries Ltd

4. Ambuja Cements Ltd

 5. Sun Pharma Advanced Research Company Ltd

Five cautious charts for next week

1. Hindustan Unilever Ltd

2. Ipca Laboratories Ltd

3. Indiamart Intermesh Ltd

4. Syngene International Ltd

5. Sun TV Network Ltd

*Caution does not mean that these stocks are bearish, it however means that the probability of these stocks going up is less as compared to others.

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⭐ Signifies important news or corporate filings.

Business Expansions:

• Rail Vikas Nigam Limited has formed a subsidiary company in South Africa, namely RVNL INFRA SOUTH AFRICA.⭐

• Pidilite Industries Limited has partnered with Italy-based Syn-Bios to Expand Leather Chemicals Supply across India, Sri Lanka, Bangladesh, Nepal and Vietnam.

• Kesar India Ltd is planning to launch new Project with Project Name “KESAR GOLD” on Land Area admeasuring approximately 2,73,150 Sq. ft. in Khairi, Nagpur, Maharashtra.

• Capri Global Capital plans to develop an insurance platform to maximize the Corporate Agency License From IRDAI

•  Avenue Supermarts Ltd has opened a new store at Kamptee, Nagpur (Maharashtra).

• Puravankara launches Purva Soukhyam in Chennai: A new ‘Wellness’ themed plotted development project⭐

• Godawari Power & Ispat Ltd receipt of consent to operate at enhanced capacity of sponge iron division⭐
  

Order Wins:

• Man Industries (India) secures new orders worth ₹400 crore⭐

• NBCC India wins orders worth ₹138.95 crore for construction projects in Jharkhand, Delhi

• L&T Construction Secures Mega Railway Electrification Contract Worth ₹10,000 to ₹15,000 Crores for Mumbai-Ahmedabad Bullet Train Project

• Kirloskar Oil Engines Secures ₹768 Crore Order from NPCIL for Kudankulam Project⭐

• Aarti Industries Secures ₹6000 Crores Supply Contract with Multinational Conglomerate⭐

•  Welspun Corp associate company EPIC bags ₹3,000-crore order in Saudi Arabia

• Bharat Electronics Wins Orders Worth Total ₹1,034 Crore

• C.E. Info Systems Ltd bags ₹400-crore  for Hyundai and Kia Cars OEM Business in India⭐

• KPI Green Energy Ltd receiving new order of 5.60 MW Solar Power Plant under Captive Power Producer (‘CPP’) Segment

• Rites Ltd wins ₹414-crore order from IIT Bhubaneswar
  

Mergers/ Acquisitions/ Amalgamations:

• Vikas Lifecare ventures into Entertainment Industry, acquiring 50% equity of M/s Portfolio Managing Events LLC, Dubai, UAE (PME Entertainment) for ₹ 100 Crores

• Usha Martin's Thai subsidiary to acquire 50% stake in Tesac Usha Wirerope⭐

• Tata Consumer Products Ltd to acquire 100% stake in Capital Foods Pvt Ltd and Organic India Pvt Ltd ⭐

• BLS International Ltd. has entered into a share purchase agreement to acquire 100% stake in iDATA and its subsidiaries for an enterprise value of ₹450 Crore.⭐

• Sun Pharmaceutical Industries Limited has entered into a merger agreement to acquire Taro Pharmaceutical Industries.

• Hindustan Unilever Ltd is acquiring a 27.73% stake in Transition Sustainable Energy Services One Private Limited (SPV) to secure renewable power sources.
  

Joint Ventures:

• Rail Vikas Nigam has formed a JV with Jakson Green Pvt Ltd for exploring opportunity in solar power projects in India and abroad⭐

• InfoBeans Technologies Ltd has entered into a partnership with agineo, the largest ServiceNow partner, to bring the power of ServiceNow to global clients.

• Karnataka Bank and Clix Capital enter into co-lending partnership through Yubi Platform

• EaseMyTrip partners with Common Services Center (CSC) under MeitY, offering Travel Services to its Users

Agreements:

• Dynamatic Technologies Limited & Dassault Aviation has signed a Long Term Contract for manufacturing and assembly of Flight Critical Aero Structures for Falcon 6X.

• Motherson's SMISL to Invest in MECPL and Collaborate with BIEL in Strategic Agreements.

• Bayer and Sun Pharma sign marketing and distribution agreement for second brand of cardiac drug (Finerenone)in India

• Zydus and Synthon enter into an exclusive licensing and supply agreement for Palbociclib Tablets (generic version of IBRANCE®) for the US market

• Glenmark Life Sciences Signs Master Supply Agreement with a leading Japanese innovator pharmaceutical company to manufacture and supply API in the therapeutic area of Urinary Anti-Spasmodic⭐
  

Other News:

• JSW Infra in leading race to acquire Navkar Corporation⭐

• KDDL Ltd approved 58 rupees dividend per share⭐

• The Working Committee of Satin Creditcare Network Limited has allotted 5,000 NCDs of face value of ₹1 lakh each aggregating to ₹50 Crores.

• State Bank of India has successfully raised ₹5,000 crore Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds in the nature of debentures at a coupon of 8.34%.
  

Company Name	Listing Date	IPO Price	Listing Price	Listing Gain	Current Price
IBL Finance Ltd	16-Jan-2024	₹51	₹56	15.3%	71.3
Jyoti CNC Automation Ltd	16-Jan-2024	₹331	₹372	31.2%	₹431
Australian Premium Solar (India) Ltd	18-Jan-2024	₹54	₹140	172.2%	₹162
New Swan Multitech Ltd	18-Jan-2024	₹66	₹125.40	99.5%	₹145
Shree Marutinandan Tubes Ltd	19-Jan-2024	₹143	₹200	39.9%	₹220

That's all for now! I hope you enjoyed the content. Thankyou for reading, and wishing you a fantastic weekend and a profitable week ahead! Disclaimer: Any stock or company discussed above should not be considered as a Buy/Sell recommendation. We personally or our clients might or might not have a position in any of the stocks discussed. This newsletter is purely is for educational purposes only.