Zomato shares down over 4.5%, extend fall to 20% in three weeks
Mon, Jan 13, 2025 3:30 PM

Zomato shares down over 4.5%, extend fall to 20% in three weeks

Online food delivery platform Zomato shares plunged over 4.5% to trade at Rs 231 during the January 13 trading session. This marks a fall of nearly 20% in the last three weeks for the stock. Zomato shares have so far declined for the seventh straight session since January 2. The stock has fallen over 23% from its December 9 level, when it had hit its all-time-high record of Rs 304.7.

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Groww in talks to file for IPO, valuation pegged at $7-8 billion
Mon, Jan 13, 2025 3:29 PM

Groww in talks to file for IPO, valuation pegged at $7-8 billion

Indian stockbroking firm Groww is planning an IPO to raise $700 million at a valuation of $7-8 billion, engaging with investment bankers to start the process. The Bengaluru-based company aims to list despite market challenges, boasting 1.3 crore active investors and a 17% rise in operational profit to Rs 535 crore in FY23.

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Mukul Agrawal portfolio: He picks over 10% stake in this SME stock
Mon, Jan 13, 2025 3:29 PM

Mukul Agrawal portfolio: He picks over 10% stake in this SME stock

Mukul Mahavir Agrawal, a well-tracked stock market maven on Dalal Street, picked up over 10 per cent stake in a small and medium enterprise (SME) stock Siyaram Recycling Industries during the third quarter of the ongoing financial year 2024-25 (Q3 FY25). Mukul Agrawal made a fresh entry into the stock as the investor’s name did not appear in the key shareholders in the second quarter of FY25.

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Vidya Wires files draft papers with SEBI for an IPO
Mon, Jan 13, 2025 3:28 PM

Vidya Wires files draft papers with SEBI for an IPO

Vidya Wires has filed its DRHP for an IPO, aiming to raise Rs 320 crore to enhance manufacturing capabilities and broaden its product range, with a diverse customer base of over 370 clients and a product lineup of over 6,400 SK . The firm, a significant player in the winding and conductivity sector, plans to allocate funds for new projects and debt repayment, holding a 5.9% market share in India.

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SEBI to soon unveil F&O exposure limits, strategies for New Asset Class
Mon, Jan 13, 2025 3:27 PM

SEBI to soon unveil F&O exposure limits, strategies for New Asset Class

The Securities and Exchange Board of India (SEBI) will soon come up with further circulars on specific investment strategies that the 'New Asset Class' or 'Specialized Investment Fund' (SIF) can offer to its clients, said people in the know. These strategies, among others, would include the ones mentioned in the consultation paper like inverse ETF and long-short ones, the people added.

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Buy Rainbow Children's Medicare; target of Rs 1785: Prabhudas Lilladher
Mon, Jan 13, 2025 3:22 PM

Buy Rainbow Children's Medicare; target of Rs 1785: Prabhudas Lilladher

Prabhudas Lilladher's research report on Rainbow Children's Medicare. RAINBOW enjoys higher margins, strong FCF generation with net cash B/S, and healthy return ratios because of the asset-light hub-and-spoke model, it being the only integrated multi-specialty pediatric hospital chain in India offering comprehensive services, and its full-time doctor engagement model.

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Nifty Realty index in bear market, down 20% from peak
Mon, Jan 13, 2025 3:20 PM

Nifty Realty index in bear market, down 20% from peak

The Nifty Realty Index is down close to 5% in today's trading session. The index has now declined 20% from the peak, which it had made on June 18 last year. A correction of over 20% from the peak means that the index has slipped into a bear market. Top losers include Sobha (-40%), Mahindra Lifespace (-35%), and Prestige Estates (-26%), while Oberoi Realty stands out as the only gainer, up 7%.

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Buy Shriram Finance; target of Rs 700: Motilal Oswal
Mon, Jan 13, 2025 3:19 PM

Buy Shriram Finance; target of Rs 700: Motilal Oswal

Motilal Oswal's research report on Shriram Finance: Shriram Finance offers a diversified product suite, demonstrating strong execution capabilities and asset quality resilience, with a well-positioned loan book and cross-selling opportunities. Expected to deliver 19% PAT CAGR over FY24-27E and 3.3%/17% RoA/RoE in FY27E, with a target price of INR700.

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Quadrant Future Tek shares likely to list at 40% premium over IPO price
Mon, Jan 13, 2025 3:15 PM

Quadrant Future Tek shares likely to list at 40% premium over IPO price

Shares of Quadrant Future Tek are set to list at 10 am on Tuesday, January 13, on the BSE and NSE, with analysts expecting a stellar listing at a premium of nearly 20% to the issue price, driven by strong investor demand. The ₹290-crore initial public offering (IPO) of Quadrant Future Tek witnessed an overwhelming subscription of 186.66 times on its final bidding day.

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SHAH METACORP Consolidated December 2024 Net Sales at Rs 39.86 crore
Mon, Jan 13, 2025 3:13 PM

SHAH METACORP Consolidated December 2024 Net Sales at Rs 39.86 crore

Reported Consolidated quarterly numbers for SHAH METACORP are: Net Sales at Rs 39.86 crore in December 2024 up 208.72% from Rs. 12.91 crore in December 2023. Quarterly Net Profit at Rs. 3.00 crore in December 2024 up 288.41% from Rs. 0.77 crore in December 2023. EBITDA stands at Rs. 4.01 crore in December 2024 up 138.69% from Rs. 1.68 crore in December 2023.

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GTPL Hathway Consolidated December 2024 Net Sales at Rs 887.27 crore
Mon, Jan 13, 2025 3:11 PM

GTPL Hathway Consolidated December 2024 Net Sales at Rs 887.27 crore

Reported Consolidated quarterly numbers for GTPL Hathway are: Net Sales at Rs 887.27 crore in December 2024 up 4.28% from Rs. 850.88 crore in December 2023. Quarterly Net Profit at Rs. 10.17 crore in December 2024 down 57.04% from Rs. 23.68 crore in December 2023. EBITDA stands at Rs. 113.79 crore in December 2024 down 12.81% from Rs. 130.51 crore in December 2023.

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NBCC share price nosedives 6% despite  ₹3500 crore order win
Mon, Jan 13, 2025 3:10 PM

NBCC share price nosedives 6% despite ₹3500 crore order win

NBCC (India) Ltd's share price plummeted over 6% on Monday despite announcing a ₹3,500 crore order win from UP Awas Vikas, amid weak market conditions and a broader market decline of 1%. NBCC's share price has corrected over 15% in 2025, but has still provided multibagger returns to investors over the past two years.

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GNA Axles Consolidated December 2024 Net Sales at Rs 375.07 crore
Mon, Jan 13, 2025 3:09 PM

GNA Axles Consolidated December 2024 Net Sales at Rs 375.07 crore

Reported Consolidated quarterly numbers for GNA Axles are: Net Sales at Rs 375.07 crore in December 2024 up 5.06% from Rs. 357.00 crore in December 2023. Quarterly Net Profit at Rs. 25.36 crore in December 2024 up 12.89% from Rs. 22.47 crore in December 2023. EBITDA stands at Rs. 53.00 crore in December 2024 up 11.84% from Rs. 47.39 crore in December 2023.

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Elara Capital initiates coverage on Vishal Mega Mart
Mon, Jan 13, 2025 2:58 PM

Elara Capital initiates coverage on Vishal Mega Mart

Elara Capital initiates coverage on Vishal Mega Mart with a "buy" rating and a Rs 140 target price, citing strong growth potential, efficient operations, and expansion plans. Risks include slower growth and supply chain challenges. Caption: Poised for 19.2% revenue CAGR and loyal customer growth, Vishal Mega Mart targets 846 stores by FY27, backed by efficient operations and mass-market appeal.

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Avenue Supermart Consolidated December 2024 Net Sales at Rs 15,972.55 crore
Mon, Jan 13, 2025 2:58 PM

Avenue Supermart Consolidated December 2024 Net Sales at Rs 15,972.55 crore

Reported Consolidated quarterly numbers for Avenue Supermarts are: Net Sales at Rs 15,972.55 crore in December 2024 up 17.68% from Rs. 13,572.47 crore in December 2023. Quarterly Net Profit at Rs. 723.72 crore in December 2024 up 4.79% from Rs. 690.61 crore in December 2023. EBITDA stands at Rs. 1,241.38 crore in December 2024 up 7.68% from Rs. 1,152.81 crore in December 2023.

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