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Stock Radar: Titan, Jio Financial, Bandhan Bank, Lupin, CG Power, Diffusion Engineers, GAIL in focus on Monday

Money ControlMoney Control · 9m ago
Stock Radar: Titan, Jio Financial, Bandhan Bank, Lupin, CG Power, Diffusion Engineers, GAIL in focus on Monday
Medial

- Quarterly earnings (YoY) of companies such as Titan Company, Induslnd Bank, Bandhan Bank, Poonawalla Fincorp, Jammu & Kashmir Bank, AU Small Finance Bank, IDBI Bank, RBL Bank, Godrej Properties, L&T Finance, Macrotech Developers, Federal Bank, Metropolis Healthcare, Indian Bank, Union Bank of India, Utkarsh Small Finance Bank, Equitas Small Finance Bank, Dhanlaxmi Bank, Ujjivan Small Finance Bank, Adani Wilmar expected to be released. - SEBI grants in-principle approval for Jio Financial Services and BlackRock Financial Management Inc to set up a proposed mutual fund. - GAIL (India) signs MoU with AM Green to jointly develop renewable energy and green chemical projects. - Lupin receives five observations from the US FDA for its biotech facility in Pune. - Antony Waste Handling Cell's subsidiary wins a contract worth Rs 908 crore from Navi Mumbai Municipal Corporation for waste collection and transportation. - CFO resignations at Univa Foods (Sandhya Rani Koochana) and Mahanagar Telephone Nigam (Vinay Srivastav). - BLS International Services completes the acquisition of Citizenship Invest for $31 million. - Paytm's Chief Technology Officer - Payments, Manmeet Singh Dhody, steps down and transitions to a new role as an AI Fellow, while Deependra Singh Rathore is appointed as the new CTO - Payments. - Gravita India plans to raise up to Rs 1,000 crore through the issuance of equity shares and makes management changes. - Akzo Nobel India's parent company, Akzo Nobel NV, conducts a strategic review of its portfolio, focusing on its decorative paints positions in South Asia. - Apollo Tyres' stake increases as LIC buys 3 lakh additional shares. - R Systems International witnesses a significant stake sale by Non-Resident Indian Bhavook Tripathi. - HDFC Bank witnesses a block deal as BNP Paribas Financial Markets sells equity shares to Morgan Stanley Asia (Singapore) Pte and Citigroup Global Markets Mauritius. - SME listings on October 7: HVAX Technologies, Saj Hotels. - Stocks will trade ex-dividend: Jupiter Wagons, KP Energy. - Rights offered by Geojit Financial Services trade ex-date. - F&O ban on GNFC, Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank. Note: This content is for informative purposes only and not a recommendation to invest or trade.

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Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday

Money ControlMoney Control · 12m ago
Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday
Medial

Here's a summary of the stocks in focus for Monday's trade: 1. Quarterly earnings announcements: Shalby, Khoobsurat, Oceanic Foods, Secure Credentials, and GD Trading & Agencies will report their earnings. 2. Companies' provisional numbers: FSN E-Commerce Ventures (Nykaa), Signature Global India, Union Bank of India, Adani Wilmar, Dabur India, Titan Company, Induslnd Bank, Marico, Bank of Baroda, and more will share their quarterly numbers. 3. Stocks to watch: Bank of Baroda, Tata Motors, NLC India, JM Financial, Infosys, Multi Commodity Exchange of India, Bandhan Bank, Equinox India Developments, Garware Hi-Tech Films, Aditya Birla Capital, Power Grid Corporation of India, Federal Bank, Gillette India, Coforge, PC Jeweller. 4. Bulk Deals: HEG and Inox Green Energy Services witnessed bulk selling. 5. Ex-Dividend and Ex-Bonus: Computer Age Management Services trades ex-dividend, while Clara Industries trades ex-bonus. 6. F&O Ban: GNFC, Aditya Birla Fashion & Retail, Bandhan Bank, Hindustan Copper, India Cements, Piramal Enterprises are under the F&O ban.

Zomato joins Nifty 50 in index reshuffle

EntrackrEntrackr · 4m ago
Zomato joins Nifty 50 in index reshuffle
Medial

Zomato joins Nifty 50 in index reshuffle In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30. In a major reshuffle of the Nifty 50 index, Zomato and Jio Financial Services will replace Britannia Industries and Bharat Petroleum Corporation Limited (BPCL). This adjustment is set to take effect on March 31, 2025. The National Stock Exchange (NSE) determines such periodic rebalancing based on the average free-float market capitalization of companies over a six-month period, spanning from August 1 to January 31. This is a major milestone for new-age tech companies in India. As per a report by JM Financial, Zomato’s addition could bring in inflows of around $620 million, impacting nearly 226.6 million shares and influencing trading volumes for approximately 3.8 days. In December 2024, the Deepinder Goyal-led company made history as the first new-age tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in the benchmark index of India’s top 30 companies. The Nifty Next 50 index is also set for a major reshuffle, with the inclusion of seven new stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Zomato’s rival Swiggy. These companies will replace Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato. The Nifty Next 50 Index serves as a benchmark, representing the top 50 companies ranked between 51 and 100 based on market capitalization on the National Stock Exchange (NSE).

Jio-BlackRock JV to enter wealth management, stock broking biz

EntrackrEntrackr · 1y ago
Jio-BlackRock JV to enter wealth management, stock broking biz
Medial

Jio Financial Services and US-based BlackRock have formed a joint venture to launch wealth management and broking businesses in India. In an exchange filing on Monday, Reliance’s Jio said that it has signed a 50:50 joint venture for the purpose of undertaking the two business ventures. The duo had announced an agreement in July 2023 to form a 50:50 joint venture with a $150 million investment each to enter the asset management business in India. With this, BlackRock is re-entering India’s asset management sector nearly six years after exiting the joint venture with DSP Group in 2018. Jio will compete with the likes of Zerodha, Upstox, Groww, AngelOne, and ICICI Securities, Paytm, PhonePe, ETMoney, Scripbox in the overcrowded market of stockbroking and wealth management. Tata Neu is also planning to start offering stock broking services soon. Entrackr exclusively reported the development. In February, fintech unicorn CRED made an entry into the wealth management space with the acquisition of mutual fund investing platform Kuvera.

Trade Spotlight: How should you trade Titan, Shriram Finance, Jubilant Foodworks, NALCO and others?

Money ControlMoney Control · 1y ago
Trade Spotlight: How should you trade Titan, Shriram Finance, Jubilant Foodworks, NALCO and others?
Medial

Here are some stock trading ideas for the near term: 1. Engineers India: The stock has broken out of a symmetrical triangle formation and is trading above its moving averages. The target is at Rs 298 with a stop-loss at Rs 237. 2. Data Patterns India: The stock has broken a trendline resistance and is trading above its moving averages. The target is at Rs 3,700 with a stop-loss at Rs 2,800. 3. Ircon International: The stock has broken out of a symmetrical triangle formation and is trading above its moving averages. The target is at Rs 300 with a stop-loss at Rs 245. 4. Cochin Shipyard: The stock has experienced a breakout from a consolidation formation and is trading above its moving averages. The target is at Rs 1,554 with a stop-loss at Rs 1,280. 5. Shriram Finance: The stock has formed a long-legged Doji candlestick pattern and a double bottom structure, indicating a potential trend reversal. The target is at Rs 2,460 with a stop-loss at Rs 2,300. 6. Jubilant Foodworks: The stock has a bullish divergence on the daily MACD indicator and has violated a bearish trendline. The target is at Rs 526 with a stop-loss at Rs 445. 7. Titan Company: The stock exhibits a bullish AB=CD pattern and a W-shaped structure on the RSI indicator. The target is at Rs 3,600 with a stop-loss at Rs 3,235. 8. National Aluminium Company: The stock has broken above its all-time high resistance level and has strong momentum. The target is at Rs 210 with a stop-loss at Rs 190. 9. IRCTC: The stock has broken above its 52-week high and has strong momentum. The target is at Rs 1,200 with a stop-loss at Rs 1,060. 10. Bharat Electronics: The stock has broken above its all-time high and has strong momentum. The target is at Rs 265 with a stop-loss at Rs 240.

Stock Radar: TCS, IREDA, Krsnaa Diagnostics, Oberoi Realty, Bandhan Bank, Mazagon Dock in focus on Friday

Money ControlMoney Control · 55y ago
Stock Radar: TCS, IREDA, Krsnaa Diagnostics, Oberoi Realty, Bandhan Bank, Mazagon Dock in focus on Friday
Medial

- Just Dial, Reliance Industrial Infrastructure, Plastiblends India, Hathway Cable, Jagsonpal Finance, Jaypee Infratech, Atishay, PVV Infra, Universal Arts, and Sangam Finserv will release quarterly earnings on October 11. - Avenue Supermarts, Network18 Media & Investments, Narmada Macplast Drip Irrigation Systems, SPA Capital Services, and Trident Texofab will announce quarterly earnings scorecard on October 12. - Tata Consultancy Services Q2 (Consolidated QoQ): Profit falls 1.1%, revenue rises 2.6%, attrition rate inches to 12.3%. - Mazagon Dock Shipbuilders receives an order worth Rs 121.7 crore from the Maharashtra State Power Generation Company. - Dr. Reddy's Laboratories shareholders approve the voluntary liquidation of its subsidiary, Imperial Owners and Land Possessions. - Bank of Baroda keeps the marginal cost of funds-based lending rate unchanged, effective October 12. - Ugro Capital crosses the Rs 10,000 crore AUM milestone in the quarter ended September 2025. - Maruti Suzuki India's ESG score upgraded by ESG rating provider SES ESG Research. - Oberoi Realty approves raising funds of up to Rs 6,000 crore through private placement, including a qualified institutions placement. - Ankur Sachdeva resigns as Chief Revenue Officer of Allied Blenders and Distillers, effective December 8. - Uno Minda's joint venture, Toyoda Gosei Uno Minda India, starts commercial production at its manufacturing facility in Neemrana, Rajasthan. - Partha Pratim Sengupta appointed as MD & CEO of Bandhan Bank by the Reserve Bank of India. - Foreign portfolio investor Goldman Sachs India Equity Portfolio exits Ideaforge Technology, while Citigroup Global Markets Mauritius buys a stake in the company. - Promoter Hoechst GMBH exits Sanofi Consumer Healthcare India by selling its entire stake to Opella Healthcare Participations B.V. - JM Financial Asset Reconstruction Company sells a stake in Nitco. - Khyati Global Ventures to get SME listing on October 11. - Coforge, Blue Cloud Softech Solutions, and IndInfravit Trust trade ex-dividend. - Rajnish Retail stock trades ex-date for split. - Kretto Syscon stock turns ex-rights. - Hercules Hoists and Softsol India stocks trade ex-date for spin-off. - F&O ban on Chambal Fertilisers and Chemicals, Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, and Tata Chemicals.

Funding and acquisitions in Indian startup this week [15 - 20 July]

EntrackrEntrackr · 12m ago
Funding and acquisitions in Indian startup this week [15 - 20 July]
Medial

During the week, as many as 35 Indian startups raised around $261.21 million in funding. These deals count 9 growth-stage deals and 22 early-stage deals while 4 early-stage startups kept their transaction details undisclosed. During the previous week, 22 early and growth-stage startups cumulatively raised more $116.26 million in funding. [Growth-stage deals] Among the growth-stage deals, 9 startups raised $168.63 million in funding this week. Home service marketplace Urban Company spearheaded with its $38 million secondary funding round. Education loan-focused NBFC Auxilo, fintech firm Blacksoil, and EV ride-hailing service provider BluSmart followed with $30 million, $24.8 million, and $24 million in funding, respectively. [Early-stage deals] Further, 22 early-stage startups secured funding worth $92.58 million during the week. gen-z focused fast fashion D2C brand Newme led the list followed by artificial intelligence startup UptimeAI, community-led mobility app Namma Yatri, NBFC Seeds Fincap, and multi-category biscuit manufacturer Nurture Well. Edtech platform focused on engineering education byteXL, EV bus startup FreshBus, and aquatech startup Boon also raised funding among others. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Bengaluru-based startups led with 12 deals followed by Delhi-NCR, Mumbai, Hyderabad, Ahmedabad, Chennai, and Jaipur among others. Segment-wise, fintech startups grabbed the top spot with nine deals. AI, E-commerce, Healthtech, and Automotive tech startups followed this list among others. [Series-wise deals] During the week, Seed funding deals led the list with 14 deals followed by 6 Series A, 4 debt, 3 pre-Series A deals, and 2 Series B deals. Angel, pre-Seed, pre-Series B, Secondary, Series C, and Series J are next on the list with one deal each. [Week-on-week funding trend] On a weekly basis, startup funding bounced back by nearly 125% to $261.21 million as compared to around $116 million raised during the previous week. The average funding in the last eight weeks stands at around $358 million with 29 deals per week. [Fund launches] PROMAFT Partners, led by industry veterans Raghav Bahl and Soham Avlani, has raised a significant Rs 1,000 crore to invest in startups. Yali Capital, targeting the deeptech space, has also launched a sizeable fund of Rs 810 crore. Additionally, real estate investment firm Altern Capital aims to raise Rs 250 crore through their first fund. Defence startup-focused Jamwant Ventures has secured its first round of funding for their angel fund. Excitel co-founder Vivek Raina’s incubator fund, Launchpad Kashmir, aims to support startups in Jammu & Kashmir. These developments highlight the growing investor interest in the Indian startup ecosystem. [ESOP buyback] In a move to incentivize employees, Swiggy, the food delivery giant, announced a $65 million ESOP liquidity program. This marks its fifth such program since 2018, allowing employees across the company to sell their stock options (ESOPs) in a secondary market. This program follows two consecutive events held in July 2022 and 2023. [Key hirings and departures] In key leadership moves, wealthtech startup Fisdom appointed Girish Venkat to head its wealth management business. Logistics unicorn Delhivery strengthened its operations by bringing Prashant Gazipur on board as a senior vice president. Additionally, Early-stage VC firm Orios Venture Partners bolstered its investment team with Madhav Tandan as a senior partner. In terms of departures, Bengaluru-based startup Simplilearn sees the departure of its chief product officer, Anand Narayanan, after an eight-year stint with the company. Meanwhile, Unacademy, another major edtech player, is experiencing its own leadership shift. Following the co-founder Hemesh Singh’s exit, Jagnoor Singh, COO of Unacademy’s offline centers, is also resigning. [M&A] Nazara Technologies, a gaming and sports media company, has fully acquired Paper Boat Apps, developer of the popular children’s learning app Kiddopia, for a total investment of Rs 300 crore. This follows their initial 50.91% stake acquisition in 2019. Meanwhile, Collective Artists Network, a talent management and influencer marketing firm, has bolstered its creator and content ecosystem by acquiring galleri5, an AI-powered platform, indicating a potential shift towards AI-driven strategies in the creator management space. [Potential deals] Moneyboxx, a lending platform, aims to raise Rs 271 crore ($32.4 Mn) through preferential share issuance and warrants. With the capital infusion, it plans to fuel the growth and expand its reach in rural India, specifically targeting micro-entrepreneurs for financial support. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [Financial results this week] Paytm reports Rs 1,501.6 Cr revenue and Rs 840 Cr loss in Q1 FY25 Jio Financial Services reports flat growth in Q1 FY25 as interest income declines 43% [News flash this week] Kunal Bahl and Rohit Bansal book 200X return from Urban Company Moneyview set to turn unicorn in Series F round Google Maps cuts prices by 70% for developers after Ola Maps’ free offering Deepinder Goyal enters billionaire club; his holding in Zomato touches $1 Bn Nazara’s subsidiaries receive Rs 1,120 Cr GST notice Creditors may take over Byju’s as NCLT admits insolvency resolution Crypto exchange WazirX hit by cyber attack, $230 Mn stolen Trading app Investmint goes for liquidation process [Conclusion] The weekly funding bounced back by nearly 125% to $261.21 million. This week saw five startup-focused fund launches by VC firms: Promaft Partners, Jamwant Ventures, Alteren Capital, Yali Capital, and Launchpad Kashmir. This week’s startup news offered a mixed bag of stories. We saw some bright spots, like Titan Capital’s impressive returns on their investment in Urban Company and Moneyview’s potential unicorn status. Additionally, Google’s move to make its Maps platform more affordable for Indian developers is a positive step for the tech ecosystem. However, there were also challenges on display. Nazara Technologies’ hefty tax liability and Byju’s insolvency proceedings highlight the financial struggles some startups face. The cyberattack on WazirX raises concerns about security in the cryptocurrency space, while Investmint’s liquidation underscores the competitive nature of the startup landscape. Overall, the week’s news underscores the dynamic nature of the Indian startup scene. While there are opportunities for significant growth and returns, there are also substantial hurdles to overcome.

Funding and acquisitions in Indian startups this week [15-20 Apr]

EntrackrEntrackr · 1y ago
Funding and acquisitions in Indian startups this week [15-20 Apr]
Medial

During the week, equivalent to 37 Indian startups raised nearly $310 million in funding. These deals include 10 growth-stage deals and 17 early-stage deals. Meanwhile, one growth-stage startup and nine early-stage startups did not disclose the amount raised. Last week, about 21 early and growth-stage startups collectively raised around $105 million capital. [Growth-stage deals] Among the growth-stage deals, 10 startups raised $225.86 million in funding this week. Cleantech startup GPS Renewables led the list with $50 million in debt funding. The list was followed by vernacular social media platform ShareChat, housing finance company Altum Credo, B2B procurement marketplace ProcMart, and aerospace components manufacturer JJG Aero which raised $48.86 million, $40 million, $30 million, and $12 million, respectively. Further, consumer lending app RING, ESG and accounting and reporting consultation provider Uniqus Consultech, education-focussed NBFC Varthana, QSR chain Wow! Momo, and provider of decentralized solar-hybrid mini-grids Husk Power Systems. Electric cycle maker EMotorad also secured undisclosed funding this week. [Early-stage deals] Subsequently, 17 early-stage startups scooped funding worth $83.76 million during the week. Climate-focused deeptech startup Ecozen spearheaded the list followed by training, certification, and recruitment services provider for grey collar Emversity (Beyond Odds), gaming startup LightFury Games, NBFC FincFriends, and shipping intelligence platform ClickPost. The list further includes quick-service burger chain Good Flippin’ Burgers, emergency healthcare provider Medulance, elder care startup VitusCare, RevOps startup Clientell, and SaaS-based customer experience startup ZEPIC among others. The list of early-stage startups also includes nine startups that kept the funding amount undisclosed: IWill, TraqCheck, Svish, Advance Mobility, IndoSup, Almonds Ai, 100KMPH, Payinstacard, and BlackCarrot. For more information, visit TheKredible. [City and segment-wise deals] In terms of the city-wise number of funding deals, Delhi-NCR-based startups led with 13 deals followed by Bengaluru, Mumbai, Pune, Kolkata, Patna, and Hyderabad. Segment-wise, fintech and e-commerce startups shared the top spot with six deals each. The list further counts healthtech, SaaS, foodtech, Gaming, and Automotive tech startups among others. [Series-wise deals] During the week, Seed funding deals led the list with 16 deals while Series A deals are at the second position with 7 deals, both collectively forming around 30% of the total funding. Further, Debt, Series B, and Pre-Seed are next on the list among others. [Week-on-week funding trend] On a weekly basis, startup funding grew 195% to $109.6 million as compared to around $105 million raised during the previous week. The average funding in the last eight weeks stands at around $267 million with 27 deals per week. [Departure] During the week, Arjun Mohan, the chief executive officer of Byju’s, stepped down from his position seven months after joining the edtech firm. His departure is part of the company’s efforts to restructure and streamline its businesses. [Fund launches] Four startup-focused funds were launched this week. The list includes a non-dilutive, grant-based fund (WTFund) for young entrepreneurs by Zerodha co-founder Nikhil Kamath. Venture capital firms Caret Capital and Ev2 Ventures teamed up to launch a new $50 million fund focused on India. Angel investing platform BizDateUp Technologies introduced a $24 million Category I Alternative Investment Fund (AIF) for technology startups. Additionally, Inviga Healthcare Fund (IHF), a new healthcare-focused private equity fund, raised $20 million in its first close. [Layoffs] Content-to-commerce platform The Good Glamm Group has reduced its workforce by 15% or 150 employees in the last 12-15 months, according to the company. The reduction in the workforce appears to be part of efforts to cut costs and extend the runway amidst a tight funding environment. [Mergers & Acquisitions] This week witnessed four merger & acquisition deals. Agilitas Sports acquired the brand license for the Italian sports brand Lotto from WHP Global. VerSe Innovation, the parent company of Dailyhunt, acquired Magzter, a digital newsstand with a vast library of premium magazines and newspapers. Aurionpro Solutions Limited announced the strategic acquisition of banking and insurance-focused PaaS startup Arya.ai. Moreover, OneVerse Gaming, a Metaverse and gaming tech startup, acquired the online poker platform PokerSaint, marking its fourth acquisition in the gaming sector. Visit TheKredible to see series-wise deals along with amount breakup, complete details of fund launches, and more insights. [New launches] ▪️ Zomato unveils all-electric ‘Large Order Fleet’ ▪️ CASHe launches CASHe Green to forays into EV financing ▪️ Namma Yatri launches ride-hailing services in Bengaluru [Financial results this week] ▪️ LoadShare’s scale remains flat in FY23, losses shrink 19% ▪️ Heads Up For Tails posts flat scale in FY23; losses mount 5X ▪️ InMobi’s Glance records 77% growth in FY23; losses cross Rs 1,000 Cr ▪️ Otipy posts 50% GMV growth in FY24; losses down by 21% [News flash this week] ▪️ KreditBee plans ‘Ghar Wapsi’ from Singapore to India ▪️ Baron and Invesco mark up Pine Labs’ valuation ▪️ Jio-BlackRock JV to enter wealth management, stock broking biz ▪️ Swiggy merges Mall offering with Instamart ▪️ RBI’s draft KYC guidelines add burden and cost for payment aggregators ▪️ Bhavish Aggarwal plans $500 Mn IPO for Ola Cabs [Conclusion] After a significant drop in funding, the weekly funding again rose nearly 3X this week. The week saw three fund launches namely WTFund, Caret Capital, BizDateUp, and Inviga Healthcare Fund. The week also witnessed a layoff as The Good Glamm Group fired a part of its workforce. Fintech company KreditBee is relocating its domicile from Singapore to India, following a trend among new-age firms like Pine Labs, Groww, Razorpay, Meesho, and Zepto. US-based investment firms Baron Funds and Invesco have marked up the valuation of fintech unicorn Pine Labs, with Baron valuing it at $5.8 billion and Invesco at $4.8 billion as of December 2023. In another development, Swiggy is integrating Swiggy Mall with its quick commerce offering, Instamart, to expand its product range. Additionally, after postponing its IPO plans in 2021, Ola Cabs is preparing for a $500 million IPO at a valuation of around $5 billion, and reportedly planning to file draft papers with SEBI within three months.

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