Happy Forgings

** India's auto index .NIFTYAUTO rises 1.1%, extending Monday's 4.2% surge on hopes of sweeping GST cuts

** Twelve of the 15 constituents advance; auto parts makers Samvardhana Motherson SAMD.NS, Sona BLW SONB.NS gain 4% each

** Tata Motors TAMO.NS jumps 3%, adding to Monday's ~2% rise

** Multiple brokerages say GST cuts could lift demand for vehicle and parts makers

** Motilal Oswal calls the proposed rate cut a "much-needed booster dose" for the sector

** Brokerage estimates vehicle prices may fall 7% if GST on autos is cut to 18% from 28%, sparking festive-season demand

** Maruti Suzuki MRTI.NS, Hyundai Motor India HYUN.NS and Mahindra & Mahindra MAHM.NS are Motilal's top OEM picks

** Endurance Tech ENDU.NS, SAMD and Happy Forgings HAPY.NS its top ancillary plays

** MRTI and MAHM, which gained 8.8% and 3.6% on Monday, flat

** HYUN jumps 3.1% on top of previous session's 8.2% rise

** Year-to-date, auto index up 11.2%, outpacing benchmark Nifty 50's .NSEI 5.5% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Happy Forgings HAPY.NS rises ~2% to 825.60 rupees

** Motilal Oswal Financial Services says diversification helped HAPY offset demand weakness in core segments

** Sees rev contribution from industrials segment rising to 18%-20% over two-three years

** Expects rev contribution from passenger vehicle segment increasing to 8%-10% over three years

** Retains "buy"; PT of 980 rupees

** HAPY down 17.2% YTD

(Reporting by Vijay Malkar)

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Feb 7 (Reuters) - Happy Forgings Ltd HAPY.NS:

• DEC-QUARTER CONSOL PROFIT 645.5 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.54 BILLION RUPEES

Source text: ID:nBSE11L3L8

Further company coverage: HAPY.NS

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Nov 14 (Reuters) - Happy Forgings Ltd HAPY.NS:

• HAPPY FORGINGS LTD - GOT ORDER WORTH 1.35-1.45 BILLION RUPEES

Source text: ID:nBSE71RPsy

Further company coverage: HAPY.NS

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Nov 7 (Reuters) - Happy Forgings Ltd HAPY.NS:

• SEPT-QUARTER CONSOL PROFIT 713.7 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.61 BILLION RUPEES

Source text: ID:nBSE5T5dcm

Further company coverage: HAPY.NS

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Aug 7 (Reuters) - Happy Forgings Ltd HAPY.NS:

• JUNE-QUARTER CONSOL PROFIT 638 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 3.41 BILLION RUPEES

Further company coverage: HAPY.NS

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May 2 (Reuters) - Happy Forgings Ltd HAPY.NS:

• GETS AN ORDER TO SUPPLY E AXLE COMPONENTS FOR ELECTRIC SUVS IN US PASSENGER VEHICLE SEGMENT

• SUPPLIES TO COMMENCE FROM Q3FY25 UPTO FY2032

• SIZE OF ORDER AT APPROX 500 MILLION RUPEES/ANNUM ON FULLY RAMPED UP SUPPLY VOLUME AND APPROX 3.2-3.5 BILLION RUPEES FOR ENTIRE PERIOD

Source text for Eikon: ID:nBSEjPVpS

Further company coverage: HAPY.NS

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** Shares of Happy Forgings HAPY.NS up 3.8% at 940 rupees

** The heavy forged and machined components maker got order worth 5 bln rupees (nearly $60 mln) for supply of auto components

** Stock reverses course after falling 2.6% in previous session

** Stock on track to log steepest intraday gains since early March

** Over 100,000 shares traded in first 15 minutes of trading, 0.9x the 30-day avg

** Stock has lost ~9% since debut trade on Dec 27

($1 = 83.5270 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

April 15 (Reuters) - Happy Forgings Ltd HAPY.NS:

• GETS ORDER WORTH 600-700 MILLION RUPEES P.A

Source text for Eikon: ID:nBSEJXZzK

Further company coverage: HAPY.NS

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Feb 16 (Reuters) - Happy Forgings Ltd HAPY.NS:

• GOT AN ORDER ORDER AMOUNTED TO 4 BILLION RUPEES

• ORDER FOR SUPPLY OF FULLY MACHINED COMPONENTS FOR SUVS

• CONTRACT FOR A MINIMUM PERIOD OF 6 YEARS

Further company coverage: HAPY.NS

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** Shares of Innova Captab INNC.NS rise 21% in their market debut to 542.50 rupees

** INNC opened at a small premium of 452.1 rupees vs issue price of 448 rupees

** Pharma co's 5.7 bln rupees ($68.59 million) IPO was oversubscribed by 55.3x

** INNC is the eighth co to list this week after Muthoot Microfin MUTO.NS, Suraj Estate Developers SRAE.NS, Happy Forgings HAPY.NS, Credo Brands CREO.NS, Motison Jewellers MOTN.NS, RBZ Jewellers RBZJ.NS and Azad Engineering AZAD.NS

** Companies have raised funds worth 447.93 billion rupees in main board IPOs so far this year, down 24% from a year ago, as per NSE data

($1 = 83.1050 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Indian machine components maker Azad Engineering AZAD.NS close at a 29.3% premium to the issue price of 524 rupees in market debut

** Shares had opened 720 rupees, a premium of 37.4%

** AZAD's offer of fresh issue of up to 2.4 billion Indian rupees ($28.86 million) and offer for sale of 5 bln rupees was subscribed ~81 times

** AZAD, backed by the likes of former Indian cricketer Sachin Tendulkar and Indian badminton ace Saina Nehwal, is among companies which have seen premium listing in crowded IPO space in late 2023

** Azad is the seventh co to list this week after Muthoot Microfin MUTO.NS Suraj Estate Developers SRAE.NS Happy Forgings HAPY.NS, Credo Brands CREO.NS, Motison Jewellers MOTN.NS and RBZ Jewellers RBZJ.NS

** Companies have raised funds worth 447.93 billion rupees in main board IPOs so far this year, down 24% from a year ago, as per NSE data

($1 = 83.1690 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Happy Forgings HAPY.NS rise 22% in trading debut vs IPO price of 850 rupees

** Heavy forged and machined components maker debuts at 1,000 rupees, reaching a high of 1,049.90 rupees

** HAPY's debut is slightly below pre-listing expectations but has since made decent gains - Shivani Nyati, Head of Wealth at Swastika Investmart

** Co's 10.09 bln rupees ($121.1 mln) IPO had fresh issue of shares worth 4 bln rupees, offer for sale of shares worth 6.09 bln rupees from shareholders

** IPO oversubscribed 82.04x last week - exchange data

** HAPY's profit rose 2.5% YoY for the half year ended Sept. 30, while revenue from operations climbed 12.2%

($1 = 83.3200 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))