Indus Financial News

Aditya Birla Fashion and Retail (ABFRL), Ashok Leyland, Bandhan Bank, Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Metropolis Healthcare, National Aluminium Company, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Biocon, The India Cements, Indus Towers, and Piramal Enterprises have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

Bharti Enterprises chairman Sunil Mittal says Vodafone Idea urgently needs $7-9 billion capital infusion to survive and a patient investor who has the wherewithal to withstand negative cash flows for some years. In an interview with Sruthijith KK on the sidelines of the World Economic Forum Annual Meeting in Davos, Mittal said ARPU (average revenue per user) needs to increase as 5G has been a huge load on telcos without any revenue coming through.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Wednesday, January 17, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Tuesday, January 16, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Department of Telecommunications has noted Vodafone Idea's failure to close a funding from the US International Development Finance Corporation (DFC) for deployment of Open-RAN and related technologies, despite assurances by the telco that it would do so four months ago. The government is the biggest shareholder in the cash-strapped carrier with a 33.1% stake. Payment moratorium ends in FY26 «Vi had reported verbally that it is in discussions with US International Development Finance Corporation (DFC) for funding Open-RAN & related technologies, but no progress has been reported even after lapse of four months,» the DoT said in a January 4 confidential report on Vi.

Bandhan Bank, Bharat Heavy Electricals (BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Escorts Kubota, Hindustan Copper, The India Cements, Indus Towers, Metropolis Healthcare National Aluminium Company, Piramal Enterprises, Polycab India, PVR Inox, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Indian Energy Exchange (IEX) has moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 89.3% on Friday with OI reported by Trendlyne at 99.6 million.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Monday, January 15, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE.

Bandhan Bank, Bharat Heavy Electricals (BHEL), Delta Corp, Escorts Kubota, Hindustan Copper, Indian Energy Exchange (IEX), The India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, Polycab India, PVR Inox and Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Balrampur Chini and Chambal Fertilizers have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Bandhan Bank stood at 91.4% on Thursday with OI reported by Trendlyne at 101.1 million.

F&O ban list: A total of thirteen stocks have been put under the ban for trade on Friday, January 12, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

HCL Technologies, HSBC maintained a buy on Zomato, Morgan Stanley maintained an overweight rating on Bank of India and Jefferies maintained a buy on Bharti Airtel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Balrampur Chini, Bandhan Bank, Chambal Fertilizers, Escorts Kubota, Hindustan Copper, Indian Energy Exchange (IEX), The India Cements, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR Inox and Steel Authority of India (SAIL). After moving out of the ban for a day, Zee Entertainment Enterprises (ZEEL) is back on the ban list. Delta Corp and Gujarat Narmada Valley Fertilizers (GNFC) have moved out of the ban. The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL.

₹270, up from the previous ₹148. According to Bank of America, this adjusted target suggests a potential upside of 29% from Tuesday's closing levels. It's noteworthy that this revised target stands as the highest among all price targets set by analysts for Indus Towers.

Vodafone Idea," said analysts at the brokerage house. The analysts believe that the extent of the tariff hike might take the market by surprise and consider Bharti Airtel to be in the most advantageous position among Indian telecom operators to leverage this hike, given its larger base of high-end users. Shares of Bharti Airtel hit a 52-week high of ₹1,069 on in early deals today following the report.

Sanjiv Bhasin, Director, IIFL Securities, says “for this quarter, it will be Indus Tower on the back of results, on the back of positive developments on Idea. SW Solar is my stock for the year. Do not sell it for less than Rs 750. Their book is doing extremely well. It is a debt-free company. It has an order inflow of almost Rs 40,000 crore in FY24-25 with not a single order from the parent. There is a 12% MVP margin. This stock can be an outperformer from here. And last but not least, DCB Bank.” What exactly is the strategy going to be when it comes to largecap IT? We were just mapping out the one-year returns of individual IT stocks and very diverging moves for instance between an HCL Technologies versus an Infosys. How are you looking at identifying some of the winners in particular within the IT space for the year ahead? Sanjiv Bhasin: HCL Tech has been one of our top picks along with Persistent and LTTS. We still think that combination is going to work excellently. HCL Tech's numbers will be by far the best we have seen in the largecaps. But now we have upgraded Wipro. We think Wipro is going to be a key outperformer in the sense that a large part of the domestic government contracts are going to come online and they are gaining more and more contracts on that basis. They are very well equipped for that.

Chakri Lokapriya, CIO & MD, TCG AMC, says: “The midcap idea for 2024 is Sterling and Wilson. This company now makes up the solar industry. They benefit from a fall in solar module prices. Reliance Industries owns about 40% of the company itself. Amongst the largecaps, SBI and ICICI Bank have good valuations and strong balance sheets. Among smallcaps, the top idea is a very small chemical company called Gujarat Themis. Valuations are on their side and they are beginning to get some export and other orders.” Give us a sense as to what the outlook is when it comes to PSUs as a whole because a lot of top market experts we have been interacting with seem to be of the view that the year ahead as well could look fairly promising. What is your sense after the heady run up? Chakri Lokapriya: Indeed. As we go into 2024, PSUs are still very well placed. Some of the PSUs, of course, have run very sharply but their evaluations are still not demanding. Now, why have they run up? If you take PSU financials, basically their balance sheets are very strong. NPAs are very low. Credit cycle for corporate government capex has picked up and will continue to do well.

Vodafone Idea on Tuesday denied a media report of talks with Elon Musk-owned Starlink for a stake sale, sending the telecom operator's shares down by 5.65%. The shares had hit a 52-week high intraday Monday, gaining nearly 40% in two trading sessions after the report emerged on the Starlink talks. «In this regard, we would like to submit that the company is not in any such discussion with the named party,» the cash-strapped company said in a regulatory filing, adding: «We are not aware of the basis of the said news item.» Vodafone Idea said it would keep stock exchanges informed about all price-sensitive information under the listing regulations. On Tuesday, these shares rose to as high as ₹17.78 on the BSE before giving up the gains and closing at ₹16.03.

Rakesh Deshmukh, cofounder of PhonePe-owned app discovery platform Indus Appstore, formerly IndusOS, has stepped down from his role as chief executive and left the company. Deshmukh, along with IIT Bombay alumni Akash Dongre and Sudhir Bangarambandi, founded Indus OS in 2013. Through its app marketplace App Bazaar, the platform allowed users to discover and access mobile applications in their own language.

During the Q2 earnings call, Vi’s chief executive Akshaya Moondra told analysts that the telco expected to conclude its discussions relating to (funding from potential) equity investors in this quarter (Q3FY24). He had added that Vi’s talks with banks had already happened and that the current focus is on tying up the equity investment, basis which the banks would process the telco’s requests for bank funding. Shares of Vi jumped 21% to close at Rs 16.02% on BSE Friday. For the past three years, Vi has been struggling to raise funds needed to pay its large vendors like Indus and the government, expand its 4G coverage and also invest in its pending 5G rollout to compete effectively with bigger rivals Reliance Jio and Bharti Airtel. Back in August, Moondra, had told the Department of Telecommunications (DoT) that the company had made significant progress in its ongoing talks with several groups of investors to raise equity and equity-linked capital and had term sheets from some potential investors.

Indian restaurant abroad, taken a bite and thought, “Wow, that’s really spicy!” This can just be the sharp contrast, if it’s in a country where the other food we’ve been eating has been bland. But Indian restaurants abroad can be surprisingly spicy, in ways we don’t expect with our home food. This is true of British curry houses, with their curries ranked by hotness, from mildKormas to medium-hot Madras, hotter Vindaloo and painfully hot Phaal (an invented term).

Ola Electric filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 22. The proposed issue includes a fresh equity share release of up to ₹5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of ₹10. Bhavish Aggarwal, the founder of Ola Electric, is set to sell around 47.4 million shares in the SoftBank Group-backed e-scooter maker.

General Atlantic is set to acquire about 70% stake in Ujala Cygnus Healthcare Services, the Delhi based multi-specialty hospital chain owned by media group Amar Ujala, said multiple people aware of the development. The deal will value the chain at about Rs1600 crore. GA will acquire about 51% stake held by existing investors — Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund.