DHIRENDRA KUMAR VALUE RESEARCH
Bond yields muddy the books as banks prepare for new accounting rules
With a new accounting framework approaching in April 2027, Indian banks like Canara Bank and Central Bank of India are adjusting their transition costs and reassessing their portfolios. Recent fluctuations in government bond yields, driven by economic factors such as oil prices and currency volatility, have led banks to increase their expected credit loss provisions.
Coca-Cola’s India bottling arm files draft papers for Rs 9,500 crore IPO
Hindustan Coca-Cola Holdings plans to conduct an initial public offering through an offer for sale of equity shares. The proposed IPO is expected to raise around $1 billion, aiming for a valuation of $10 billion. Coca-Cola Company and Jubilant Bhartia Group hold significant stakes in the company after a recent stake sale. The IPO proceeds will benefit the promoter selling shareholder with no funds directed to Hindustan Coca-Cola Holdings.
Websol Energy Q2 Results: PAT jumps 73% YoY to Rs 80 crore; revenue more than doubles to Rs 361 crore
Websol Energy System reported a 73.2% rise in Q2FY27 net profit to Rs 80.21 crore, while revenue surged 114.6% to Rs 361.02 crore. The company plans a 4 GW solar cell manufacturing expansion at Falta and entry into EPC, solar IPP and energy trading businesses.
Divi's Labs Q2 Results: PAT surges 64% YoY to Rs 1,127 crore; revenue jumps 35%
Divi's Laboratories has achieved a remarkable profit surge of 63.6% year-on-year for the September quarter of FY27, driven by a 35.4% increase in operational revenue, totaling Rs 3,676 crore. The company's total income reached Rs 3,770 crore in Q2FY27, while the first half of the fiscal year saw total earnings hit Rs 6,907 crore.
India finalises association with Horizon Europe for research and innovation collaboration
India has concluded negotiations with the European Union to associate with Horizon Europe for research cooperation. The agreement aims to create a long-term framework for collaborative R&D projects between India and the EU. Indian researchers will have access to European consortia and cutting-edge research infrastructure through this partnership. The collaboration seeks to deepen talent mobility and co-develop critical technologies and standards effectively.
MacRitchie Investments sells 3.74% stake in CarTrade for Rs 470 crore; Smallcap World Fund, Norges Bank buy shares
MacRitchie Investments sold 18.20 lakh CarTrade Tech shares worth Rs 470.11 crore through a bulk deal. Smallcap World Fund and Norges Bank acquired stakes, while CarTrade reported 10.2% revenue growth in Q2FY27.
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Alivus Life Sciences block deal: Promoter Nirma sells over 28 lakh shares worth Rs 390 crore; Norges Bank, Helios MF among buyers
Nirma sold 28.46 lakh Alivus Life Sciences shares worth Rs 390 crore through a block deal at Rs 1,370 apiece. Norges Bank, Bandhan MF and others bought shares as Alivus reported strong Q2FY27 earnings growth.
EU and India conclude negotiations on association to Horizon Europe to push innovation ties
India and the European Commission have completed negotiations for India’s association with Horizon Europe. The agreement is expected to enhance scientific cooperation between Europe and India significantly. Researchers from India will gain access to Horizon Europe funding and can lead joint projects addressing pressing global challenges. This association aims to facilitate collaboration in various fields, including health, climate, and energy.
Travomint parent SNVA Traveltech files updated draft papers with Sebi for public offering
SNVA Traveltech, parent of online travel platform Travomint, has filed updated IPO papers with SEBI for an entirely offer-for-sale issue of 12.75 crore shares. FY26 revenue rose 58.1%, while net profit jumped 73.7% year-on-year.
Rich countries benefitted more from COVID-19 vaccine's return on investment than poor ones: Study
COVID-19 vaccines generated economic benefits worth USD 60 to USD 809 for every dollar invested in their development and distribution, a global study of 173 countries has found. However, high-income countries gained more due to earlier access and faster rollouts, while delayed vaccine availability limited benefits in poorer nations.
Market wrap: M&M, ICICI Bank, Tata Motors PV, Eicher Motors top gainers and losers on Nifty and Sensex on Friday
The Sensex surged 1,718 points and the Nifty reclaimed 25,000, extending their winning streak despite a global market sell-off. M&M and ICICI Bank led the gains, while Tata Motors PV and Eicher Motors featured among the Nifty's top losers. Broader markets remained under pressure, with India VIX rising sharply.
Bosch announces 1:5 stock split, 3:1 bonus issue. What this means for investors?
Bosch announced its first-ever 1:5 stock split and 1:3 bonus issue alongside Q2 FY27 results. The company reported a 19% YoY rise in consolidated net profit to Rs 839 crore and a 28% jump in revenue to Rs 7,655 crore during the Sept quarter. Here's how the twin corporate actions will affect shareholders' holdings and share price.
ONGC Q2 Results: Consolidated PAT jumps 47% YoY to Rs 18,535 crore; co declares interim dividend Rs 8/share
ONGC reported a 46.9% YoY rise in consolidated Q2 FY27 profit to Rs 18,534.82 crore, while revenue grew 25.6%. The company declared an Rs 8 interim dividend and approved a Rs 10,000 crore loan to ONGC Videsh.
Market wrap: Bajaj Finance, Shriram Finance, Apollo Hospital, ONGC top gainers and losers on Nifty and Sensex on Thursday
Indian equity markets staged a strong rally on Thursday, with the Sensex surging over 2,000 points and the Nifty jumping 576 points amid optimism following the US midterm election results. Bajaj Finance, Shriram Finance and M&M led the gainers, while Apollo Hospitals and ONGC featured among the top laggards.
Rs 21.6 lakh speculative trading loss in stock market triggers Income Tax notice for no tax audit; Trader wins case at ITAT Cuttack
Mr. Kumar, a diligent stock trader, faced considerable financial setbacks but overlooked the necessity of a tax audit. In response to his failure to comply with audit rules, the Income Tax Department slapped him with a penalty. After an unsuccessful appeal to CIT (A), he sought relief from ITAT Cuttack, which determined that Kumar's trading did not equate to business income needing an audit.
Odisha signs MOU with J-PAL South Asia to strengthen evidence-based policymaking
The Government of Odisha has signed a three-year MoU with Abdul Latif Jameel Poverty Action Lab. This agreement aims to strengthen evidence-based policymaking through research and collaboration. J-PAL South Asia will support various governmental departments to address their policy priorities effectively. A Steering Committee will oversee the partnership and monitor project development every six months. The collaboration builds on ongoing efforts to improve areas such as education, sanitation, and governance.
Stock split alert! Last day to buy this Ashish Kacholia-backed multibagger smallcap stock ahead of record date for 1:5 split
After the stock split takes effect, her 10 shares will be split into 500 shares worth Rs 20 each, keeping the total value of her stock holding the same at Rs 1,000.
Sebi initiates action against 8 investment advisers over non-payment of renewal fees
SEBI has initiated proceedings against eight registered investment advisers for failing to pay mandatory renewal fees. The defaults span 2018 to 2024, with the regulator seeking explanations and warning of possible suspension or cancellation of registrations.
Sebi sets up working group to review Innovators Growth Platform framework
SEBI has formed a working group to review Innovators Growth Platform regulations and improve capital access for startups. The panel will examine listing eligibility, fundraising, investor participation, disclosures and migration to mainboards while safeguarding investor interests.
Market wrap: BEL, Adani Ent, TCS, HCL Tech top gainers and losers on Nifty and Sensex on Wednesday
Indian equity markets advanced for the fifth consecutive session as easing crude oil prices and US-Iran diplomatic hopes boosted sentiment. Nifty gained 150 points, while Sensex rose 383 points, led by realty, metal and consumer durables stocks.
Allcargo Terminals shares jump 12% after Q2 profit surges 86% YoY to Rs 21 crore
Allcargo Terminals showcased remarkable growth with an 85.8% rise in consolidated net profit for Q2FY27. Operational revenue grew by 22%, affirming its strong financial standing. The EBITDA margin improved to 23.6%, signaling enhanced operational efficacy. During trading, the company's shares surged by 11.71%, reflecting investor confidence. They also provided updates regarding their partly paid-up equity shares in a subsequent announcement.
Motilal Oswal Financial Services announces leadership rejig; appoints new heads across businesses
Motilal Oswal Financial Services announced major leadership changes across alternatives, retail broking and private wealth businesses. The reshuffle coincides with strong Q2 performance, with operating PAT rising 29% year-on-year to Rs 718 crore.
Tamil Nadu has highest patents and research publication in 2024-25 in NITI Aayog’s India S&T Scoreboard
The NITI Aayog’s India Science and Technology (S&T) Scoreboard, launched on Tuesday, provides a comprehensive picture of India’s science and technology ecosystem through key indicators, including research and development expenditure, scientific publications, citations, patent applications and technological innovation.
R&D-focused stocks deliver over 23% annualised returns in five years, outperform NSE 500: Monarch AIF
Indian companies increasing R&D spending outperformed the NSE 500 TRI over five years, delivering 23.5% average annualised returns. Businesses combining strong research growth with higher R&D intensity achieved 32.5%, highlighting innovation's growing importance for investors.
EAAA India draws HDFC MF, Carnelian Asset, and L&T in Rs 316 crore listing-day bulk deals
EAAA India Alternatives attracted Rs 316.3 crore in listing-day bulk deals from HDFC Mutual Fund, Carnelian Asset Management and L&T. The stock listed at a marginal premium before gaining 3.8% over its IPO price.
Ashish Kacholia-owned Knowledge Marine shares jump 4% on Rs 303 crore order win; stock up 67% in 2026
Knowledge Marine shares gained 4.17% after securing a Rs 303.17 crore, three-year maintenance dredging contract from New Mangalore Port Authority. The company also announced a November 6 record date for its five-for-one stock split.
IYC claims over 20,000 workers attended Ramlila Maidan rally, terms it 'Freedom Struggle 2.0'
Indian Youth Congress organized a rally at Ramlila Maidan with over 20,000 participants demanding accountability from the Election Commission. Youth Congress leaders expressed concerns over the credibility of India's electoral mechanisms and insisted on the resignation of Chief Election Commissioner Gyanesh Kumar. The event, termed 'Freedom Struggle 2.0', highlighted the involvement of young people across the country. Organizers plan to continue efforts for electoral transparency and institutional accountability.
IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
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