(GORRO)Gurup Of Research and Return Order

🆕SRF LTD: RS. 84.64 CRORES NSE BLOCK TRADE; FOR ~ 356525 SHARES, AT RS. 2374.05

Value Strong Buy COALINDIA 530CE@5.5-6 TGT 9-12-15 SL 4 Strong buy for 1-3days

▶️COROMANDEL INTERNATIONAL LTD: Rs. 23.37 Crores NSE Block Trade; for ~ 145897 Shares, at Rs. 1602.00

▶️WHIRLPOOL OF INDIA LTD: RS. 101.12 CRORES NSE BLOCK TRADE; FOR ~ 501603 SHARES, AT RS. 2015.95

BANKNIFTY 50400PE@300-330 TGT 460-590 SL 230 Exp 31st July

➡️NSE INDEX OPENS DOWN 0.75% IN PRE OPEN TRADE

➡️RBL BANK: RS 1104.46CR BSE BLOCK TRADE; FOR ~48124720 SHARES, AT RS 229.5 ( AT OPEN )

*Instl. Investors EQUITY Cash Trades PROV. - 24/07/2024 : Rs. CRS. :*

*FIIS : SELL -5,131 (16,122-21,253)*

*DIIS : BUY +3,137 (17,787-14,650)*

*Indian Equities Pre Open Update*

Indian equities continued to remain under unwinding pressure amid the sharp sell off from banking stocks couple with weak cues from global markets.

*Nifty Spot:* 24333.0 Down 145.0 points

*BankNifty Spot:* 50890.0 Down 888.0 points

*Kunvarji Cash Call:* KECINT Buy at 890.0 TGT 924.0 Stoploss 870.0 (12.16)

*Kunvarji: Fund Houses Recommendations*


Jefferies on *Kajaria:* Maintain Buy on Company, raise target price at Rs 1590/Sh (Positive)

Jefferies on *Torrent Pharma:* Maintain Buy on Company, raise target price at Rs 3540/Sh (Positive)

Investec on *Zensar Tech:* Maintain Buy on Company, raise target price at Rs 885/Sh (Positive)

Investec on *HUL:* Maintain Buy on Company, raise target price at Rs 2797/Sh (Positive)

Citi on *HUL:* Maintain Buy on Company, raise target price at Rs 3150/Sh (Positive)

Nomura on *HUL:* Maintain Buy on Company, raise target price at Rs 3200/Sh (Positive)

ICICI on *HUL:* Upgrade to Buy on Company, target price at Rs 2950/Sh (Positive)

Investec on *Keystone:* Initiate Buy on Company, target price at Rs 875/Sh (Positive)

MS on *Coforge:* Maintain Buy on Company, raise target price at Rs 7180/Sh (Positive)

MS on *Bajaj Finance:* Maintain Overweight on Company, target price at Rs 9000/Sh (Positive)

Jefferies on *ICICI Pru:* Maintain Buy on Company, target price at Rs 750/Sh (Positive)

Goldman Sachs on *India Budget:* No increase in cigarette taxes in govt’s budget positive for *ITC* (Positive)

Jefferies on *ITC:* No news is great news; upgrades ITC to a buy call adding that it is a clear winner with government leaving tobacco taxes unchanged (Positive)

Morgan Stanley on *Indian Budget:* Reaffirms our view on continued macro stability and strong foundation for medium-term growth path (Positive)

CLSA On *Real Estate:* Negative for investments with shorter duration, moderate price growth. Markets like NCR and Mumbai are likely to adverse impacted while Pune, Bangalore and Hyderabad least impacted. Focus on affordable housing players like Sobha, Godrej Prop, Sunteck and Prestige (Neutral)

Jefferies on *Real Estate:* See low impact of the move on demand. (Neutral)

Jefferies on *Indian Budget:* FY25 final budget doesn't deviate much from the Feb '24 budget, but several small things have changed (Neutral)

Bernstein on *Indian Budget:* Capital gains tax increase is also a non-event; Market and sector views remain unchanged (Neutral)

MS on *Indian Budget:* Increase in formal employment creates a path for sustained growth momentum (Neutral)

Macquarie on *ICICI Pru:* Maintain Neutral on Company, target price at Rs 580/Sh (Neutral)

MS on *ICICI Pru:* Maintain Equal-Weight on Company, target price at Rs 610/Sh (Neutral)

Bernstein on *Bajaj Finance:* Maintain Market perform on Company, target price at Rs 6800/Sh (Neutral)

Emkay on *Bajaj Finance:* Maintain Buy on Company, cut target price at Rs 9000/Sh (Neutral)

Jefferies on *Bajaj Finance:* Maintain Market perform on Company, cut target price at Rs 7180/Sh (Neutral)

Jefferies on *M&M Fin:* Maintain Hold on Company, target price at Rs 305/Sh (Neutral)

Emkay on *M&M Fin:* Maintain Reduce on Company, target price at Rs 270/Sh (Neutral)

MS on *HUL:* Maintain Underweight on Company, target price at Rs 1876/Sh (Negative)