#Nuvama

[ladieswholead]

Navigating Financial Empowerment: LWL and Nuvama Wealth Join Forces

In the fast-paced world we navigate, the importance of financial literacy cannot be overstated, especially for the incredible women of LWL who are breaking barriers and building their wealth. Recognizing this need, LWL is excited to announce a dynamic collaboration with Nuvama Wealth, a distinguished wealth management company. Together, we’re embarking on a journey which empowers us all to take prudent financial decisions, and here is what you can expect.

For more Information about Navuma Wealth click the link below: https://ladieswholead.in/navigating-financial-empowerment-lwl-and-nuvama-wealth-join-forces/

[nsebullcom]

flair writing ipo allotment status: Flair Writing IPO share allotment expected today. Here's how you can check status

The share allotment of Flair Writing IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process is supervised by the registrar.On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you…

[manyaagupta]

Nuvama’s  wealth management advisor believes in clear communication and actions. We’re transparent with our clients, providing all the information they need about their investments, including risks, suitability, fees, and more

[shreya74]

Nuvama Private offers wealth management services informed by our time-tested core wealth philosophy. We exist to help you grow, manage, and protect your wealth in the right way. Contact us now & consult with our financial advisors.

[global-newz]

NTPC Green Energy IPO: 5 Key Highlights Ahead of Its November 19 Launch

The highly anticipated NTPC Green Energy IPO, a ₹10,000 crore offering, is set to open for subscription on November 19, 2024. As the renewable energy arm of the state-owned power giant NTPC Limited, this IPO has garnered significant attention. Here are five key things investors should know about the IPO before it launches:

1) Offer Size, Price Band, and Minimum Investment Requirements

NTPC Green Energy is offering a ₹10,000-crore book-building IPO, consisting solely of a fresh issuance of 92.59 crore shares (there is no offer-for-sale component). The IPO price band has been set between ₹102 and ₹108 per share.

Retail Investors: The minimum application size is 138 shares, requiring an investment of ₹14,904.

Small Non-Institutional Investors (sNII): Must apply for a minimum of 1,932 shares (14 lots), amounting to ₹2,08,656.

Large Non-Institutional Investors (bNII): Need to apply for at least 9,384 shares (68 lots), which requires an investment of ₹10,13,472.

The IPO’s book-running lead managers include IDBI Capital, HDFC Bank, IIFL Securities, and Nuvama Wealth Management, while Kfin Technologies will handle the issue’s registrar duties.

2) Key Dates for the IPO

Subscription Period: November 19 to November 22, 2024

IPO Allotment Status: November 25, 2024

Refunds Initiation: November 26, 2024

Shares in Demat Accounts (for successful applicants): November 26, 2024

Listing Date: November 27, 2024, on the BSE and NSE

3) Use of IPO Proceeds

The net proceeds from the NTPC Green Energy IPO will be primarily utilized for:

Investing in NTPC Renewable Energy Limited (NREL): To support its renewable energy projects and operations.

Repayment of Borrowings: To pay down certain outstanding debts.

General Corporate Purposes: For business growth and operational needs.

4) Financial Performance

NTPC Green Energy has shown impressive growth in recent years. For the financial year ending March 31, 2024, the company reported a staggering 1,094% rise in total income, reaching ₹2,037.66 crore (up from ₹170.63 crore in FY23). Its profit after tax (PAT) also more than doubled to ₹344.72 crore in FY24, compared to ₹171.23 crore the previous year.

5) About NTPC Green Energy Limited

Founded in April 2022, NTPC Green Energy is a fully owned subsidiary of NTPC Limited, focused on developing renewable energy projects. The company is actively involved in building 31 renewable energy projects across seven states, with a portfolio that includes 37 solar and 9 wind projects. Backed by NTPC’s robust infrastructure and financial stability, NTPC Green Energy benefits from strong relationships with key stakeholders, including off-takers and suppliers.

With the growing emphasis on sustainability and renewable energy, the NTPC Green Energy IPO represents a significant step in India's push for a cleaner, greener future. Investors can expect this IPO to make a notable impact in both the energy and stock markets.

[vedantbhoomidigital]

This PSU stock will gain momentum on the basis of results! Shopping Advice; You can get returns up to 25%

PSU Stock to Buy: Mining sector giant government company NMDC's stock may see further rise on the basis of its results. After the results of July-September 2024 quarter, brokerage houses Motilal Oswal and Nuvama have advised to buy on NMDC. The brokerage believes the results (…)

[leprivatebanker]

MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows

[ryz-market]

AmaraRaja stock slips over 4% as Q2 results missed estimates; Nuvama retains buy call

[news365timesindia]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 10:01 AM IST Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future. This is based on the management's confidence on positive demand outlook, and improvement in the macro environment. However, analysts expect TCS as well as the sector to see a material uptick in growth from Q4FY25 onwards.  Click here to connect with us on WhatsApp  In the quarter under review all verticals recorded growth sequentially for TCS, except two including healthcare that declined 3.4 per cent and the telecom segment which also remained weak, said analysts at Nuvama Institutional Equities.  “Growth was primarily driven by the BSNL ramp-up. The decline in North America was surprising, but this was attributable to client-specific issues in healthcare and persistent weakness in the communications vertical,” said analysts at Motilal Oswal Financial Services (MOFSL).  On the other hand BFSI continued to show signs of recovery, particularly in North America, growing 1.9 per cent quarter-on-quarter Q-o-Q. Growth markets and E&U surged 13.1 per cent and 4 per cent Q-o-Q, respectively.  Vital signs Despite a subpar quarter, the company’s management remains optimistic about Gen AI, noting increased investments and a rise in client engagements to 600 in Q2 (up from 275 in Q1), with 86 projects going live compared to eight in Q1. They anticipate discretionary spending to improve in the coming quarters, with BFSI expected to continue its recovery, retail rebounding after a strong holiday season, and manufacturing addressing temporary supply chain issues. Additionally, investments in the travel vertical are also returning. The company’s total contract value or deal wins came in soft at $8.6 billion, but within management’s comfort range of $7–9 billion. Overall pipeline and qualified pipeline is at an all-time high, analysts noted.  “Management remains optimistic about demand revival as they see a recovery in BFSI and bottoming out of the retail vertical. We are cutting FY25E/26E EPS by -4.9 per cent/-3.9 per cent factoring in slightly lower growth and margins. We continue to value TCS at 30x Sep-26E PE. Maintain ‘Buy’ with a revised target price of Rs 5,100 (earlier Rs 5,250),” Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama wrote in their result review note.  Analysts at Nomura also highlighted some positives on the IT sector, calling onset of the interest rate-cutting cycle and a potential thaw in decision-making by US corporates post US elections which may provide fillip to demand. They expect TCS’s revenue growth of 6.3-7.5 per cent year-on-year in FY25-26F (versus 4.1 per cent in FY24), adding that this depends on an improvement in deal wins. However, not everyone is onboard with a positive outlook for TCS, as analysts at Emkay said that weak discretionary spending, client-specific challenges, slower decision-making, and client’s cautious behaviour amid macro uncertainties still weighed on revenue growth of the company in the September quarter.  The brokerage firm reduced its earnings estimates by 1.2-2.4 per cent for FY25-27 considering the Q2 miss. Nomura, too, cut its earning per share (EPS) estimates by 1.6 per cent and 2.4 per cent for FY25 and FY26F, respectively driven largely by margin cut."Given the lack of any near-term trigger, we retain ‘Reduce’ with target of Rs 4,500/sh at 28x Sep-25E EPS,” said those at Emkay.Globally, most brokerages stayed bullish on TCS for the long term, highlighting steady hiring trends and continued recovery in BFSI as positive factors. Jeffries maintained its ‘Buy’ rating on the stock with a target price of Rs 4,735.

Those at JP Morgan, too, maintained their overweight stance on the stock with a target of Rs 5,100. Meanwhile, Japanese brokerage firm Nomura gave a ‘Neutral’ call on the stock with a target of Rs 4,150. Financial print in Q2 TCS reported a net profit of Rs 11,909 crore for the quarter, a 5 per cent increase from Rs 11,342 crore in the same quarter last year, although it dipped 1.08 per cent sequentially. Revenue rose 7.6 per cent year-on-year to Rs 64,259 crore, with a sequential growth of 2.62 per cent. In constant currency, revenue increased by 5.5 per cent, while net income saw a 3.8 per cent year-on-year rise.  The total contract value (TCV) of new deals for the September quarter edged up to $8.6 billion from $8.3 billion in Q1, but this marked a 23 per cent decline from $11.2 billion in Q2FY24. The EBIT margin for 2QFY25 was 24.1 per cent, reflecting a 60 basis point drop quarter-on-quarter and a 20 basis point decline year-on-year.At 09:40; the share price of TCS was trading 0.67 per cent lower at Rs 4,200 a piece. By comparison, the BSE Sensex was down 0.23 per cent at 81,425 level.  First Published: Oct 11 2024 | 9:52 AM IST [ad_2] Source link

[news365times]

[ad_1] 5 min read Last Updated : Oct 11 2024 | 10:01 AM IST Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). Analysts believe that the earnings were satisfactory and were in line with their estimates, with an optimistic management waiting for a turnaround in the near future. This is based on the management's confidence on positive demand outlook, and improvement in the macro environment. However, analysts expect TCS as well as the sector to see a material uptick in growth from Q4FY25 onwards.  Click here to connect with us on WhatsApp  In the quarter under review all verticals recorded growth sequentially for TCS, except two including healthcare that declined 3.4 per cent and the telecom segment which also remained weak, said analysts at Nuvama Institutional Equities.  “Growth was primarily driven by the BSNL ramp-up. The decline in North America was surprising, but this was attributable to client-specific issues in healthcare and persistent weakness in the communications vertical,” said analysts at Motilal Oswal Financial Services (MOFSL).  On the other hand BFSI continued to show signs of recovery, particularly in North America, growing 1.9 per cent quarter-on-quarter Q-o-Q. Growth markets and E&U surged 13.1 per cent and 4 per cent Q-o-Q, respectively.  Vital signs Despite a subpar quarter, the company’s management remains optimistic about Gen AI, noting increased investments and a rise in client engagements to 600 in Q2 (up from 275 in Q1), with 86 projects going live compared to eight in Q1. They anticipate discretionary spending to improve in the coming quarters, with BFSI expected to continue its recovery, retail rebounding after a strong holiday season, and manufacturing addressing temporary supply chain issues. Additionally, investments in the travel vertical are also returning. The company’s total contract value or deal wins came in soft at $8.6 billion, but within management’s comfort range of $7–9 billion. Overall pipeline and qualified pipeline is at an all-time high, analysts noted.  “Management remains optimistic about demand revival as they see a recovery in BFSI and bottoming out of the retail vertical. We are cutting FY25E/26E EPS by -4.9 per cent/-3.9 per cent factoring in slightly lower growth and margins. We continue to value TCS at 30x Sep-26E PE. Maintain ‘Buy’ with a revised target price of Rs 5,100 (earlier Rs 5,250),” Vibhor Singhal, Nikhil Choudhary, and Yukti Khemani of Nuvama wrote in their result review note.  Analysts at Nomura also highlighted some positives on the IT sector, calling onset of the interest rate-cutting cycle and a potential thaw in decision-making by US corporates post US elections which may provide fillip to demand. They expect TCS’s revenue growth of 6.3-7.5 per cent year-on-year in FY25-26F (versus 4.1 per cent in FY24), adding that this depends on an improvement in deal wins. However, not everyone is onboard with a positive outlook for TCS, as analysts at Emkay said that weak discretionary spending, client-specific challenges, slower decision-making, and client’s cautious behaviour amid macro uncertainties still weighed on revenue growth of the company in the September quarter.  The brokerage firm reduced its earnings estimates by 1.2-2.4 per cent for FY25-27 considering the Q2 miss. Nomura, too, cut its earning per share (EPS) estimates by 1.6 per cent and 2.4 per cent for FY25 and FY26F, respectively driven largely by margin cut."Given the lack of any near-term trigger, we retain ‘Reduce’ with target of Rs 4,500/sh at 28x Sep-25E EPS,” said those at Emkay.Globally, most brokerages stayed bullish on TCS for the long term, highlighting steady hiring trends and continued recovery in BFSI as positive factors. Jeffries maintained its ‘Buy’ rating on the stock with a target price of Rs 4,735.

Those at JP Morgan, too, maintained their overweight stance on the stock with a target of Rs 5,100. Meanwhile, Japanese brokerage firm Nomura gave a ‘Neutral’ call on the stock with a target of Rs 4,150. Financial print in Q2 TCS reported a net profit of Rs 11,909 crore for the quarter, a 5 per cent increase from Rs 11,342 crore in the same quarter last year, although it dipped 1.08 per cent sequentially. Revenue rose 7.6 per cent year-on-year to Rs 64,259 crore, with a sequential growth of 2.62 per cent. In constant currency, revenue increased by 5.5 per cent, while net income saw a 3.8 per cent year-on-year rise.  The total contract value (TCV) of new deals for the September quarter edged up to $8.6 billion from $8.3 billion in Q1, but this marked a 23 per cent decline from $11.2 billion in Q2FY24. The EBIT margin for 2QFY25 was 24.1 per cent, reflecting a 60 basis point drop quarter-on-quarter and a 20 basis point decline year-on-year.At 09:40; the share price of TCS was trading 0.67 per cent lower at Rs 4,200 a piece. By comparison, the BSE Sensex was down 0.23 per cent at 81,425 level.  First Published: Oct 11 2024 | 9:52 AM IST [ad_2] Source link

[financesaathi]

Top Stocks to Watch on September 27: Major Announcements Impacting the Market

In today’s stock market roundup for September 27, several key announcements and movements are expected to make an impact on trading strategies. Here are the stocks to keep an eye on:

NTPC: Joint Venture for Renewable Energy

NTPC has announced the formation of a joint venture with Mahatma Phule Renewable Energy for the development of 10 GW of renewable energy projects. This strategic partnership could significantly bolster NTPC’s commitment to sustainable energy. Investors are keen to watch the future implications of this massive expansion in the renewable energy sector, which could influence NTPC stock performance in the short and long term.

Torrent Pharma: Refuting Quality Concerns

Torrent Pharma has been in the spotlight recently after allegations of quality issues with their Shelcal 500 product. However, the company has officially refuted these claims, stating that the reports of failing quality tests are unfounded. While this may ease investor concerns, the market will closely follow any further developments related to Torrent Pharma.

Nuvama Wealth: Stake Sale

Nuvama Wealth is making waves with the news that Srcs, Edel Fin, and Ecap Eq will be selling a 6.4% stake through block deals at a floor price of ₹6,445 per share. Stake sales like these often create a buzz in the market, and the impact on Nuvama's stock could be significant depending on how the sale progresses.

Union Bank: Strike Disruptions

Union Bank employees have announced plans to go on strike on September 27, which could potentially disrupt banking services. The strike is backed by 7% of the workforce, and this move may lead to some operational delays for the bank, affecting customers and possibly shaking investor confidence in Union Bank shares.

Get More Info : ABS marine share price

Website : https://financesaathi.com/

[news-today-florial-blog]

PN Gadgil Jewellers IPO Raises ₹330 Crore from Anchor Investors Ahead of IPO

PN Gadgil Jewellers IPO announced on Monday that it raised ₹330 crore from anchor investors, a day before the opening of its initial public offering (IPO) on September 9. According to the exchange filing, the company allocated 68,74,999 shares to anchor investors at ₹480 per share. “The IPO committee of the company, in consultation with Motilal Oswal Investment Advisors, Nuvama Wealth Management,…

[optionperks]

3 Adani Group stocks eligible for inclusion after Sebi's F&O entry, exit norms' revision

Three Adani Group stocks viz. Adani Green Energy, Adani Energy Solutions and Adani Total Gas are eligible for inclusion in the derivatives segment as per the new criteria for the entry into the futures & options (F&O). Securities and Exchange Board of India (Sebi) on Friday tweaked the entry and exit criteria for stocks via a circular.

The eligibility of these Adani stocks into the derivatives segments is estimated by Nuvama Institutional Equities which has created a probable list of stocks that could enter the F&O segment as per the new norms, Nuvama said, adding that the final decision lies with Sebi. Under the new rules, the regulator has raised the median quarter sigma order size (MQSOS) over the previous six months on a rolling basis by three times to Rs 75 lakh from the existing Rs 25 lakh, citing that the average market turnover is now over 3.5 times the figure during the last review.

In a circular released on Friday, the regulator gave its rationale behind the decision, saying that the "MQSOS criteria would need to increase between 3-4 times". The regulator also revised a stock’s market wide position limit (MWPL) over the previous six months to Rs 1,500 crore from the existing limit of Rs 500 crore. The change comes in the wake of market capitalisation now standing at 2.8 times since the last review.

[petnews2day]

Latest Market News Today Live Updates June 19, 2024: Top Stock Recommendations: Sagar Doshi of Nuvama suggests Gujarat Narmada, DMart, and Coforge today

New Post has been published on https://petn.ws/1l4dO

Latest Market News Today Live Updates June 19, 2024: Top Stock Recommendations: Sagar Doshi of Nuvama suggests Gujarat Narmada, DMart, and Coforge today

Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on […]

See full article at https://petn.ws/1l4dO #OtherNews

[samyutbc]

BHEL Shares Soaring High!

For the fourth consecutive day, BHEL shares hit a yearly high, rising by 2.87% to Rs 284.75 from Rs 276.80 on the BSE Due to the stock's remarkable surge, Nuvama, a brokerage firm, suggested that a major investment group could add BHEL to its list of large companies by June. BHEL's market value has increased significantly to Rs 97,236 crore, indicating substantial growth for the company. OshoKrishan from AngelOne believes that BHEL's stock has been performing exceptionally well and may keep going up. Investors should consider selling some shares, especially if the price falls below Rs 271, it could drop further to around Rs 246, Abhijeet from Tips2trades said. Ravi Singh, a market expert, is optimistic about BHEL's future, predicting the stock could reach Rs 315 soon. For Trade insights: thebusinesscorridor