Brief Summary
This video provides updates on several stocks, including Ashok Leyland, Bank of Maharashtra, Dexon Technology, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Railtel, and Borosil Renewables. It also discusses upcoming IPOs and important levels to watch for certain stocks.
- Ashok Leyland's share price is expected to drop by 50% due to bonus issue adjustments.
- Bank of Maharashtra reported its best-ever quarterly income.
- Dexon Technology acquired a 51% stake in QTK India, making it a subsidiary.
- HAL received its second GE414 engine from the US for the LCA Mark One fighter jet program.
- BEL received a buy rating from Motilal Oswal, while Bharat Dynamics received a neutral rating.
- Railtel received a significant order worth ₹264 crores for the Kavach Safety System.
- Borosil Renewables' share price increased by 15%, possibly due to upcoming results.
- BSE's stock is recovering from recent manipulation, with a key level to watch at ₹2500.
- JTL Infra's quarter one results are due tomorrow.
Ashok Leyland's Share Price Adjustment
Ashok Leyland's share price is anticipated to decrease by 50% due to an adjustment related to a previously issued bonus in a 1:1 ratio. The ex-date for this bonus issue is set for tomorrow, July 16, 2025. Shareholders should not be alarmed if they observe this price drop, as it is a direct consequence of the bonus issue. The additional shares will be credited to their accounts within 5 to 7 trading days.
Bank of Maharashtra's Quarter One Results
Bank of Maharashtra's quarter one results were released, revealing that the company achieved its highest-ever income of ₹7554 crores, surpassing previous records. The bank's financial margin also expanded from 8% to 12%, leading to a substantial increase in net profit, which rose from ₹1293 crores to ₹1593 crores. Additionally, the bank's gross Non-Performing Assets (NPA) have decreased year-on-year, indicating improved asset quality. The performance of the bank is positive, and analysts will likely provide their ratings and targets soon.
Dexon Technology's Acquisition of QTK India
Dexon Technology has entered into an agreement to acquire a 51% stake in QTK India, effectively making QTK India a subsidiary of Dexon. This acquisition grants Dexon Technology a controlling stake in the smaller company. The market's response to this news remains to be seen, but it is a significant development for both companies.
Hindustan Aeronautics Limited (HAL) Receives GE414 Engine
Hindustan Aeronautics Limited (HAL) has received its second GE414 engine from the United States for the HL LCA Mark One fighter jet aircraft program. Twelve more GE404 engines are expected to be delivered by the end of the financial year 2026. While the engines have been received, the focus is now on the timely supply of the fighter aircraft to meet the needs of the Indian Air Force. The company's performance in quarter one will be crucial, especially after a weak previous quarter for many defense companies. The key level for HAL to hold is ₹5000, which could lead to further gains and potentially reach its all-time high.
Bharat Electronics Limited (BEL) and Bharat Dynamics Ratings
Motilal Oswal, a domestic brokerage firm, has provided coverage for two defense sector companies: Bharat Electronics Limited (BEL) and Bharat Dynamics. BEL has received a "buy" rating, while Bharat Dynamics has received a "neutral" rating. This assessment is based on various factors, including demand, growth, and overall performance. Additionally, Kamesh Kasana has been appointed as a director at Bharat Electronics. BEL has recently reached its all-time high, and its results are expected to be released in the last week of July.
Railtel Receives Order for Kavach Safety System
Railtel has secured a significant order worth ₹264 crores for the Kavach Safety System. This order is substantial compared to the company's typical order size, which usually ranges from ₹40 to ₹70 crores. This development is a positive sign for Railtel, indicating growth and potential in the railway safety sector.
Borosil Renewables' Share Price Increase
Borosil Renewables' share price has surged by 15%, although there is no specific reason for this increase. It is speculated that the rise is due to optimism surrounding the company's upcoming results, which are scheduled to be released on July 17th. The company operates in the renewable energy sector, which is currently performing well. The stock has broken out and closed above ₹1100 after several months.
BSE Stock Recovery
BSE's stock is showing signs of recovery following recent manipulation by Jane Street. The case is gradually being resolved, leading to gains in the stock price. It has crossed the key level of ₹2500, with a gain of 3.71%. If the stock sustains above this level, it has the potential to break through ₹2800-2900 and reach a new all-time high.
JTL Infra's Quarter One Results
JTL Infra is set to announce its quarter one results tomorrow, July 16th. Along with JTL Infra, several other companies and banks will also be presenting their earnings.
