Bajaj Finance Q4FY24 Business Update – Neutral
•Customer franchise stood at 83.6 mn (+4.0% QoQ, +21% YoY)
•New loans booked stood at 7.87 mn and declined by 20% QoQ and grew by just 4% YoY on account of the restrictions placed by the RBI on the Company, on sanction and disbursal of loans under ‘eCOM’ and ‘Insta EMI Card’.
•AUM came at Rs. 330400 Cr (+6.2% QoQ, +34% YoY)
•Deposit book remained constant as a % of total AUM at 18%.
Indusind Bank Q4FY24 Business Update – Neutral
•Advances came at Rs. 342857 Cr (+4.8% QoQ, +18% YoY)
•Deposits grew +4.3% QoQ, +14% YoY
•C/D ratio came at 89.1% vs QoQ 88.6% & YoY 86.2%
•CASA ratio came at 37.9% vs QoQ 38.5%, YoY 40.1%
Bandhan Bank Q4FY24 Business Update – Positive
•Advances came at Rs. 128572 Cr (+10.9% QoQ, +23% YoY)
•Deposits grew +15% QoQ, +25% YoY
•Retail deposits (69% mix) grew by 12% QoQ, 22% YoY
•Bulk deposits (31% mix) grew by 23% QoQ, 33% YoY
•CASA ratio came at 37.1% vs QoQ 36.1%, YoY 39.3%
•MFI Collection Efficiency (Excluding NPA) was at 99% vs QoQ 98% & YoY 98.5%
•Non MFI Collection Efficiency (Excluding NPA) was stable at 98%
Aavas Financiers Q4FY24 Business Update – Neutral
•AUM came at Rs. 17300 Cr (+7.6% QoQ, +22% YoY)
•Disbursements grew +19% YoY
•GNPA came at 0.95% vs QoQ 1.09% & YoY 0.92%
•+ DPD came at 3.15% vs QoQ 3.75% & YoY 3.30%
Sobha New sales area for Q4FY24 came 1.34mn sqft vs QoQ 1.66mn sq ft ( – 19.3%) yoy 1.48mn sq ft (-9.5%) .
New sales value sobha share for Q4FY24 came around Rs.1273cr vs qoq Rs.1735cr (-26.6%) yoy Rs 1207cr (+5.5%)
Negative
BULK DEAL AS ON 04-04-2024
Aavas Financiers Limited
-10.06 LK @ 1421.05 SMALLCAP WORLD FUND INC
Cupid Limited
-6.75 LK @ 123 CLIFF TREXIM PRIVATE LIMITED
GRASIMPP
-1.20 LK @ 1041.23 MORGAN STANLEY ASIA SINGAPORE PTE
GUJTLRM
-5 LK @ 49.21 VIKI JAYESHKUMAR SHAH
KRRAIL
-1.08 LK @ 605.05 GANGAVARAPU PRASANTH
RHL (Robust Hotels Limited)
-1 LK @ 158.1 WHITEPIN TIE UP LIMITED
Tarmat Limited
+ 1.93 LK @ 108.15 L7 HITECH PRIVATE LIMITED
THINKINK
-2.25 LK @ 39.78 PIYUSH SECURITIES PVT LTD
+ 3 LK @ 41.76 \u0009BOFA SECURITIES EUROPE SA
Trust Fintech Limited
+ 2.64 LK @ 150.21 INDIA EQUITY FUND 1
Vaishali Pharma Limited
+ 1.06 LK @ 168.31 SHAH NISHANT
Sub: Change in name of D B Realty Limited
Members of the Exchange are hereby informed that the name of D B Realty Limited will be changed
w.e.f. April 10, 2024. Details are as under: –
Existing Symbol Existing Name New Name
DBREALTY D B Realty Limited Valor Estate Limited
This circular shall be effective from April 10, 2024
MAX ALERT SYSTEMS LTD
Resolution Plan -Suspension
Ex-date : 08 Apr 2024
Promax Power Ltd
Bonus issue 1:1
Ex-date : 08 Apr 2024
GRAUER & WEIL (INDIA) LTD
Bonus issue 1:1
Ex-date : 10 Apr 2024
Sprayking Ltd
Stock Split From Rs.10/- to Rs.2/-
Ex-date : 12 Apr 2024
Integrated Industries Ltd
Bonus issue 1:1
Ex-date : 16 Apr 2024
Suratwwala Business Group Ltd
Stock Split From Rs.10/- to Rs.1/-
Ex-date : 18 Apr 2024
The Anup Engineering Ltd
Bonus issue 1:1
Ex-date : 23 Apr 2024
BHARAT BIJLEE LTD
Stock Split From Rs.10/- to Rs.5/-
Ex-date : 24 Apr 2024
Brokerage reports
JP Morgan On Dabur
Maintain Overweight, Target cut to 570 from 615
Citi On Dabur
Maintain Sell, Target cut to 500 from 520
Goldman Sachs On Dabur
Maintain Buy, Target cut to 610 from 640
Macquarie On Dabur
Maintain neutral, target cut to 540 from 570
Citi on Dabur, maintain sell; cut target price to Rs 500 from Rs 520
Citi on Bata India
Maintain Sell, Target cut to 1000 from 1110
Citi on Page Industries
Maintain Sell, Target cut to 31300 from 33800
Goldman Sachs on Auto
Maruti
Neutral, Target raised to 12100 from 11200
M&M
Buy, Target raised to 2160 from 2060
Hero MotoCorp
Sell, Target raised to 3850 from 3730
Bajaj Auto
Neutral, Target raised to 9380 from 8780
TVS Motors
Neutral, Target raised to 2250 from 2220
Jefferies on Bajaj Fin
Buy, TP Rs 9400
UBS on Bajaj Fin
Sell, TP Rs 6800
JPM on Bajaj Fin
OW, TP Rs 8500
Citi on Bajaj Fin
Buy, TP Rs 8975
HSBC on HDFC BK
Buy, TP Rs 1750
Macquarie on HDFC BK
O-P, TP Rs 2000
Nomura on HDFC BK
Neutral, TP Rs 1625
MS on HDFC BK
OW, TP Rs 1900
Jefferies on Bandhan BK
Buy, TP 290
Nomura on Bandhan BK
Buy, TP Rs 275
JPMorgan on Bandhan Bank – Maintain Overweight with target price of Rs 270
MS on IndusInd BK
Ow, TP Rs 1925
Citi on IndusInd BK
Buy, TP Rs 2010
Jefferies on IndusInd BK
Buy, TP Rs 2070
Nomura on AU Small BK
Neutral, TP Rs 600
HSBC on Voltas
Buy, TP raised to Rs 1350
Macquarie on Tech Mah
U-P, TP Rs 930
Citi on Aavas Financiers
Buy, TP Rs 1830
Bernstein India Strategy – Add Zomato and ICICI Bank to the portfolio
