June 18, 2024

INDIA TAAZA KHABAR

SABSE BADA NEWS

Industry Morning Notes For 3rd June 2024

2 min read

Marketplaces for the week finished lower by just about 2% to kind a darkish cloud protect on the weekly candlestick chart as participants turned cautious ahead of exit polls and most mutual cash boosting income degrees in their techniques. Soon after the exit poll obviously stated one particular sided victory to BJP, markets are poised to open 4% larger in the direction of 23,500. We expect important outperformance coming from Lender Nifty as Bank Bees are presently seen accumulation of bullish triangle for an upside goal of 9%. For Nifty target predicted is all-around 23,800.

Bank ETF Chart

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Good Study as a result of

Ongc, Ril – Windfall tax on crude slash to Rs.5,200/t from Rs. 5,700/t.

Coal India – May possibly generation grew 7.5 pct, offtake rose 7.2 pct YoY.

Adani Ports – JV to pick up 95 pct stake in Tanzania terminal for USD 39.5 mn.

M&M – Tractor revenue 5 pct bigger vs estimate, car gross sales jumped 17 pct YoY.

TVS Motor – Overall product sales up 12 pct & 2- wheeler sales rise 13 pct YoY.

Ashok Leyland – Overall gross sales grew 12 pct, M&HCV & LCV revenue rose 12 pct each individual YoY.

Escorts Kubota – Total revenue tumbled 6 pct YoY but see demand increasing.

Canara Lender – To dilute 14.50 pct stake in its arm Canara HSBC Everyday living Insurance policy organization by way of IPO.

Moil – Hikes price ranges of all ferro grades of manganese ore by 30-35 pct.

Moschip Tech – Gets deal worthy of Rs. 5.09 bn from CDAC.

Ahluwalia – Luggage contract worthy of Rs. 21.57 bn from India Jewelry Park, Mumbai.

IRB Infra/PNC Infra – NHAI hikes tolls throughout highways by 5 pct.

Ashoka Buildcon – Emerged as most affordable bidder for the two tasks value Rs. 21.51 bn.

Bajaj Team – Corporation Claimed to strategy submitting papers for housing finance unit IPO.

Cochin Shipyard – Organization unit gets order in the assortment of Rs 1 -2.5 bn from Adani Harbor Companies.

NTPC – Claims 2nd and past section capacity of 33 MW out of 90 MW Anta Solar PV challenge declared on industrial procedure.

Negative Browse by

Maruti – Revenue pass up estimates, complete revenue down 2 pct, exports fell 34 pct YoY.

Tata Motors – Whole sales overlook estimate by 6 pct, EV revenue fall 4 pct YoY.

Hero Moto – Sales under estimates, whole gross sales down 4 pct YoY.

NMDC – May perhaps manufacturing slips 37 pct & income drop 22 pct YoY.

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