intensify Research - Nazara Technologies gains on integrating with ONDC to launch ‘gCommerce’

Nazara Technologies is currently trading at Rs. 898.60, up by 16.60 points or 1.88% from its previous closing of Rs. 882.00 on the BSE.

The scrip opened at Rs. 869.00 and has touched a high and low of Rs. 911.00 and Rs. 869.00 respectively. So far 23884 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1124.15 on 19-Sep-2024 and a 52 week low of Rs. 590.85 on 27-May-2024.

Last one week high and low of the scrip stood at Rs. 966.50 and Rs. 869.00 respectively. The current market cap of the company is Rs. 6869.99 crore.

The promoters holding in the company stood at 10.05%, while Institutions and Non-Institutions held 21.91% and 68.04% respectively.

Nazara Technologies has integrated with Open Network for Digital Commerce (ONDC) to launch ‘gCommerce’ - an innovative in-game monetization platform that seamlessly integrates e-commerce within games.

The integration aims to address a persistent challenge for Indian game developers: low in-app purchase (IAP) conversion rates and poor yields from advertising. Through gCommerce, the company and ONDC Network are reimagining game monetization by leveraging India's thriving e-commerce landscape and providing developers with new, scalable revenue streams.

This strategic integration will allow game developers to monetize through an affiliate revenue-sharing model, earning a commission on every successful transaction initiated by players through the gCommerce platform.

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.

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Gold prices today fall to near 1-year lows. In India, rates dip below ₹50,000

 Gold prices today: Global rates today fell to $1,691 per ounce, the lowest since August 21

In India, the fall in gold rates has been less steep due to the recent import duty hike on the yellow metal.

In global markets, gold rates today fell to lowest in nearly a year, buffeted by an elevated Us    dollar.Prospects of more interest rate hikes by major central banks also weighed on bullion's appeal. Spot gold today fell to $1,691.40, the lowest since August 2021. A stronger US dollar makes greenback-priced bullion more expensive for buyers holding other currencies.

In India, the fall has been less steep due to the recent import duty hike on the yellow metal. MCX gold futures were down 0.5% to ₹49,958 per 10 gram, the lowest since February, while silver fell 0.88% to ₹55130 per kg. India imports most of its gold requirement. Besides global rates and rupee-dollar movement, domestic prices also track change in different levies like import duty and GST.

“COMEX gold trades near Aug.2021 lows weighed down by pause in US dollar ahead of ECB decision today. Also weighing on price is stability in equity markets, concerns about consumer demand in India and China and continuing ETF outflows. Gold stalled near $1700/oz level for last few days despite weakness in US dollar which showed lack of confidence that US currency may weaken significantly. Gold may remain under pressure unless we see renewed selling pressure in US dollar post ECB decision. ECB is largely expected to raise interest rate by 0.25% however there is some expectations of a bigger move as well," said Ravindra Rao, VP- Head Commodity Research at Kotak Securities.

Commodity traders will be focused on the European Central Bank policy outcome today. The ECB is expected to raise interest rates for the first time in 11 years. Next week, the policymakers of US Federal Reserve will meet to decide on interest rate. The Fed is widely expected to raise interest rates by 75 basis points at its policy meeting next week to combat inflation.

Although gold is seen as a hedge against inflation, rising interest rates increase the opportunity cost of holding bullion, which pays no interest.

Despite the price dip, ETFs continued to see outflows. The holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.3% to 1,005.87 tonnes on Wednesday from 1,009.06 tonnes on Tuesday.

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Sensex jumps 2,000 points in 4 days. Key drivers for the rebound explained

 Sensex today rose over 600 points while Nifty50 was back above 16,500

Some analysts have advised cautious caution saying that selling may reemerge at higher levels.

Indian stocks markets today rallied on the back of positive global cues, extending the recent streak of gains to the fourth day. The Nifty was back above 16,500 while Sensex rose over 600 points. In four sessions, Sensex has rebounded over 2,000 points. Apart from positive global cues, the cut in windfall tax on oil producers and refiners boosted the Street's sentiment. The government also exempted petrol from an export levy less than a month after it imposed the two charges.

The changes will help companies such as Reliance Industries, Oil and Natural Gas Corp and Oil India Ltd, according to analysts. RIL shares were up about 3%.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the sharp pullback in Nifty from the June lows of 15183 is being aided by a flood of good news. “First, the US markets have rebounded sharply driven by impressive corporate earnings. Second, FPI selling appears to have bottomed out. The dollar index declining to 106.6 from above 108 is likely to persuade FPIs to buy rather than sell," he said.

FIIs have been net buyers of Indian equities in the past two sessions but so far in 202 2, foreign investors have made net sales of India shares totalling more than $30 billion.

"Results from the leading financials are likely to be good. After the recent correction IT valuations are attractive. If  the US succeeds in avoiding a recession, IT will bounce back smartly," Vijayakumar said. 

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Listed in June 2022, this stock has risen 54% from its issue price

                                        Aether Industries IPO was open from May 24-26

 Adding on to the strong performance of the stock, brokerage house HDFC Securities initiated coverage on the stock with a 'buy' call. The brokerage has a target price of ₹1,045 for the stock.]

Shares of Aether Industries have given robust returns to its investors since listing From June 3, (it's listing day), the stock has risen 41 percent till date. The stock listed at a premium to its issue price and was locked in a 10-percent upper circuit throughout the day, the only stock to do so on a listing day in 2022.

From June 3, (it's listing day), the stock has risen 41 percent till date. The stock listed at a premium to its issue price and was locked in a 10-percent upper circuit throughout the day, the only stock to do so on a listing day in 2022.

The ₹808-crore IPO of the company was subscribed 6.26 times during its public offer. Aether Industries Limited manufactures and sells advanced intermediates and specialty chemicals in India and internationally. It is focused on producing advanced intermediates involving complex and differentiated chemistry and technology core competencies. It serves pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, and oil and gas industries.

Adding on to the strong performance of the stock, brokerage house HDFC Securities initiated coverage on the stock with a 'buy' call. The brokerage has a target price of ₹1,045 for the stock. This indicates a 62 percent potential upside from its issue price of ₹642 and a 6 percent upside from the current levels.

As per the brokerage, Aether is more than doubling its manufacturing capacity by 2023-end. Augmentation of capacity will not only allow it to fulfill the demand of the existing and potential customers for existing products but also provide an opportunity to launch new products, HDFC pointed out.

Business Model 

"Aether Industries Ltd has a technology-oriented business model and it sells innovations in chemistries and technologies. Competencies in eight chemistries and eight technologies have enabled the company to successfully build all three of its business verticals—large-scale manufacturing, contract manufacturing and contract research and manufacturing services (CRAMS)—in less than six years of operation," the brokerage said in its report.

The brokerage further highlighted that Aether’s business model compels it to regularly launch products and add competencies. Moreover, the firm is tripling its research and development (R&D) infrastructure and strengthening its team size which will support its growth pace, said HDFC.

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Manappuram Finance trades higher on planning to raise funds through various options

Manappuram Finance is currently trading at Rs. 159.60, up by 0.60 points or 0.38% from its previous closing of Rs. 159.00 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 161.15 and Rs. 158.00 respectively. So far 96957 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 194.60 on 29-Jan-2020 and a 52 week low of Rs. 75.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 163.70 and Rs. 156.75 respectively. The current market cap of the company is Rs. 13370.69 crore.

The promoters holding in the company stood at 35.04%, while Institutions and Non-Institutions held 48.22% and 16.74% respectively.

Manappuram Finance is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore / offshore securities market by Public Issue, Private Placement Basis and Commercial Papers. Based on the prevailing market conditions, Financial Resources and Management Committee / Debenture Committee of the Board of Directors of the Company may consider and approve issuances of Debt Securities during the month of September, 2020, subject to such terms and conditions including the issue price of debt securities, as the respective committee may deem fit.

Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in states of Kerala, Tamil Nadu, Karnataka and Andhra Pradesh.

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Indian Stock Market Today- सेंसेक्स में 130 अंक की गिरावट के बाद रिकवरी, निफ्टी भी 11900 के ऊपर आया

सन फार्मा के शेयर में 3%, एचसीएल टेक में 1% गिरावट

यस बैंक के शेयर में 2.4% उछाल, कोटक बैंक में 1% तेजी

शेयर बाजार में उतार-चढ़ाव बना हुआ है। सेंसेक्स और निफ्टी फ्लैट स्तरों पर आ गए हैं। इससे पहले सेंसेक्स 130 अंक गिरकर 40,192.81 पर आ गया था। निफ्टी में 44 प्वाइंट की गिरावट देखी गई। इसने 11,864.50 का निचला स्तर छुआ।

सेंसेक्स के 30 में से 16 और निफ्टी के 50 में से 29 शेयरों में नुकसान देखा गया। सन फार्मा का शेयर 3% लुढ़क गया। सिप्ला में 2% गिरावट दर्ज की गई। कोल इंडिया 1.5% और ग्रासिम 1% नीचे आ गया।

दूसरी ओर यस बैंक के शेयर में 2.4% उछाल आया। कोटक बैंक में 1% तेजी देखी गई। एनटीपीसी और टाटा स्टील 0.8-0.8 फीसदी चढ़े। टाटा मोटर्स में 0.7% और इंडसइंड बैंक में 0.6% बढ़त दर्ज की गई।

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EQUITY CALLS SUMMARY OR CLOSING BELL BY IDEAL STOCK ADVISORY

NIFTY (+15.75) @11604.10 

BANK NIFTY (+48.45) @29459.60

SENSEX (+94.99) @39058.83 

USDINR, CMP @70.9250 (-0.0150)

SUMMARY:-

RESEARCH 1 TODAY CALLS UPDATE:-

CASH BASIC – TOTAL GIVEN CALLS – 02

CUMMINSIND – STOP LOSS TRIGGER

VIPIND – FINAL TGT HIT

FUTURE BASIC – TOTAL GIVEN CALLS - 02

TITAN – ALMOST FINAL TGT HIT

COLPAL – 1st TGT HIT

OPTION BASIC – TOTAL GIVEN CALLS - 01

WIPRO 250 CE – 1st TGT HIT

RESEARCH 2 TODAY CALLS UPDATE:-

FUTURE HNI – TOTAL GIVEN CALLS – 01

ITC – COST ABOVE PROFIT

FUTURE IDEAL – TOTAL GIVEN CALLS – 01

PVR – STOP LOSS TRIGGER

CASH HNI – TOTAL GIVEN CALLS – 02

COAL INDIA – COST ABOVE PROFIT

ITC - HOLD

CASH IDEAL – TOTAL GIVEN CALLS – 01

DLF – 1st TGT HIT

OPTION IDEAL – TOTAL GIVEN CALLS – 01

VOLTAS 700 CE – BOOK NEAR 1st TGT

OPTION HNI – TOTAL GIVEN CALLS – 01

SBIN 260 CE – FINAL TGT HIT

MEGA DERIVATIVE – TOTAL GIVEN CALLS – 01

RELIANCE – 1st TGT HIT

INDEX FUTURE & OPTION – TOTAL GIVEN CALLS – 02

NIFTY –FINAL TGT HIT

BANKNIFTY 29500 CE (24–OCT) – COST ABOVE PROFIT

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EQUITY CALLS SUMMARY OR CLOSING BELL BY IDEAL STOCK ADVISORY

NIFTY (-73.50) @11588.35 

BANK NIFTY (+290.90) @29411.15 

SENSEX (-333.54) @38963.84

USDINR, CMP @70.9650 (-0.1850)

SUMMARY:-

RESEARCH 1 TODAY CALLS UPDATE:-

CASH BASIC – TOTAL GIVEN CALLS – 01

GRASIM – 2nd TGT HIT

FUTURE BASIC – TOTAL GIVEN CALLS - 03

TVS MOTOR - STOP LOSS TRIGGER

MARUTI – STOP LOSS TRIGGER

LUPIN – HOLD

OPTION BASIC – TOTAL GIVEN CALLS - 01

CANBK 190 CE – ALMOST 2nd TGT HIT

RESEARCH 2 TODAY CALLS UPDATE:-

FUTURE HNI – TOTAL GIVEN CALLS – 01

UJJIVAN – 1st TGT HIT

FUTURE IDEAL – TOTAL GIVEN CALLS – 01

AURO PHARMA – 1st TGT HIT

CASH HNI – TOTAL GIVEN CALLS – 02

HEROMOTOCO – COST TO COST

RAJESHEXP - HOLD

CASH IDEAL – TOTAL GIVEN CALLS – 01

ITC – 1st TGT HIT

OPTION IDEAL – TOTAL GIVEN CALLS – 01

LT 1440 CE – EXIT IN LOSS

OPTION HNI – TOTAL GIVEN CALLS – 02

ADANI ENT 150 PE – COST TO COST

HEROMOTOCO 2700 CE – HOLD

INDEX FUTURE & OPTION – TOTAL GIVEN CALLS – 02

BANKNIFTY –1st TGT HIT

BANKNIFTY 29500 CE (24–OCT) – 1st TGT HIT

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