@AlliesFin
GS || PLI Tracker: Latest progress update shows delays and shortfalls

As a push for the “#MakeinIndia” (#MII) initiative, the Government of #India proposed Production Linked Incentive (PLI) schemes for 14 sectors during FY21, at a proposed incentive outlay of $33bn (or Rs2,640bn) over the next 5-6 years (equivalent to 1.4% ofFY22 government expenditure).

The government estimates that this boost to capex around the country under the PLI program has the potential to create ~1.5mn direct and~5mn indirect jobs — implying ~6% incremental manufacturing jobs and 1.2% incremental jobs in the entire economy.

We conducted a deep-dive analysis on each #PLI in a series of 3 reports earlier this year where we concluded that if fully implemented, PLI schemes’ direct impact on the trade deficit (~6% lower), incremental revenue (US$455bn), incremental capex (US$58bn, 21% of #BSE500 private #capex), and annual credit (US$23bn, 6% higher industrial credit) could be meaningful — with upside from ‘second order’ impact from component ecosystem capex, infrastructure build, and higher employment.

Above are the latest updates of the PLI scheme and ‘Make in India’ initiative.

Comment : Post Elections Things may Rework and catch up again.
T.me/AlliesFin

Options mania in India?

T.me/Alliesfin

David Faber asks “There’s got to be some warnings about India too….
85 BN options were purchased in India in 2023.
This is 8 times the volume in US & with avg hold time of 30 min, that seems like a speculative bubble to me…”

Growing Economies may have such Euphoria...

**SEBI RBI's Coordinated Attack Against Lending To Buy Shares May Have Just Begun**

T.ME/ALLiESFiN

India's regulators are taking coordinated action to reduce leverage in the financial system. The Securities and Exchange Board of India and the Reserve Bank of India have stepped in through exchange of information and action.

The approach is simple—pick the big boys of the segment and make an example out of them for the industry to stop uncontrolled borrowing. The concerted effort by SEBI to reduce debt-fuelled share purchases comes in the backdrop of unsecured lending malpractices prevalent in the banking and financial sector.

See how JM Financial has responded: "We have been in this business for five decades", and we know what we are doing.

But 'nobody can touch me' is no longer the case. The regulators will touch you and size you up if you show the legal card. The spirit of the regulation matters, not the letter. That's the clear message.

Since October, the market regulator has been concerned about the leverage it has seen in the stock market—be it via flows to small- and mid-caps stocks directly or through mutual funds; IPO financing; IPO over-subscription on the SME listing platform or in the offers by small and medium-sized companies on the main board. Not to mention, an overheated derivatives market with options volumes and turnover the rise.

While the regulators haven’t disclosed publicly how this leverage is being created, they are aware that pools of liquidity from the banking and financial system are getting diverted into the capital market, creating potential systemic risks.

A wider policy approach for the sector will disrupt the normal functioning of the financial markets, bringing the industry up in arms against the regulators and a possible intervention from the North Block. But what the regulators are aware that the Finance Ministry will not intervene on regulatory action for violation of rules. The action will be harsh and hard hitting, sending a message to the industry.

The aim is to stop liquidity. That can be done by reducing leverage, and the only way to get it done is to strike the big boys fueling it, whether via personal loans, lending against gold, IPO financing or other unsecured short-term loans. SEBI and the RBI are working in tandem to ensure markets cool down.

Regulators usually work in their own space and seldom share information, but SEBI and the RBI are on a mission to cool the markets. The last time it happened was during the global financial crisis of 2008-09, when both the regulators worked in tandem to ensure there is enough liquidity in the market. This time around, they are trying to reduce the liquidity.

How do you explain no dearth of liquidity in the IPO financing market despite the RBI keeping a tight hold.

Derivatives have become 30-minute trading products, IPOs have become four-day trading products and easy financing has ensured retail investors are lured into these high-risk products.

Derivatives have become 30-minute trading products, IPOs have become four-day trading products and easy financing has ensured retail investors are lured into these high-risk products.

Expect more such action from the regulators in the next few weeks, bringing other broking-to non-bank lending companies in the eye of the deleveraging storm.

Get Stock Market News n updates on your Device connect
https://telegram.me/AlliesFin

Learn more about Stock Markets connect
https://telegram.me/StockArthi

Link to Join ALLiESFiN Whatsapp Channel...
https://whatsapp.com/channel/0029VaPrz8AIXnlv64xTjs1f

Get Stock Market News n updates on your Device connect
https://telegram.me/AlliesFin

Learn more about Stock Markets connect
https://telegram.me/StockArthi

Link to Join ALLiESFiN Whatsapp Channel...
https://whatsapp.com/channel/0029VaPrz8AIXnlv64xTjs1f

🇮🇳India Daybook Stocks in News

T.me/AlliesFin

*Dilip Buildcon:* Company gets letter of acceptance for project worth Rs 413 crore from Madhya Pradesh Water Resource Department. (Positive)

*Venus Remedies:* Company gets approvals to market three cancer drugs in Ukraine. (Positive)

*Gensol Engineering:* Company announces setting up a 160 megawatt solar power project in Gujarat at a cost of Rs 128 crore. (Positive)

*RPP INFRA:* Company wins new orders worth approx. 941.3M rupees. (Positive)

*Servotech Power:* Company to build 20 EV charging stations for Nashik Municipal Corporation (Positive)

*NHPC:* Company wins bid for 200 MW solar power project in Gujarat (Positive)

*RITES:* Company gets Rs 67.5 crore order for quality inspection of 18 trades of toolkits. (Positive)

*HG Infra:* Company gets letter of acceptance for four projects worth Rs 1,026 crore with Stockwell Solar Services joint venture consortium. (Positive)

*Sonata Software:* Company signs go-to-market partnership with zones to simplify enterprise application delivery. (Positive)

*IOL Chemicals:* Company successfully completes Brazilian Health Regulatory Agency (ANVISA) GMP Audit. (Positive)

*Veritas:* Consortium with Genesys Intl gets LoA for a project worth ₹155.85 crore (Positive)

*South West Pinnacle:* Received LoA worth of Rs 54.81 crore from Central Ground water Board (Positive)

*Aegis Logistics:* Aegis Vopak Terminals Limited, has approved the acquisition of specialized storage terminals at Mangalore (Positive)

*RPP Infra:* Company has received a LOA for providing pipe cause way and Street Light arrangements in SIPCOT Industrial Park with contract value of Rs 94.13 Crores (Incl of GST) (Positive)

*DCAL:* Company has completed the Brazilian Regulatory Authority Agency (ANVISA) audit in Shanghai, China (Positive)

*NIBE:* Order received from L&T for assemblies and sub-assemblies of Heavy Structures, including construction gabion walls, with a total consideration of Rs. 21.83 Cr. (Positive)

*Ind-Swift Lab:* Company has successfully completed the slump sale of its API and CRAMS business to Synthimed Labs for an Enterprise Value of Rs. 1650 Crores. (Positive)

*ZF Steering:* Company has started commercial production at its Maharashtra Industrial Development Corporation facility. (Positive)

*Satin Creditcare:* Promoter group bought 96,553 shares from open market worth 1.91 Cr (Positive)

*Lemon Tree:* Company has signed a License Agreement for Lemon Tree Hotels Agartala, Tripura (Positive)

*Genesys:* Consortium gets LoA for a project worth ₹155.85 crore from the BMC. (Positive)

*IFCI:* Board to meet today to consider Preferential Issue of Equity Shares to the Government of India (Positive)

*Poonawalla Fincorp:* Company appoints Arvind Kapil as MD & CEO for 5 years effective June 24. (Neutral)

*Godawari Power:* Company board approves merger of wholly-owned arm, Godawari Energy with company (Neutral)

*TCS:* Tata Sons offers to sell 2.34 crore company shares at Rs 4,001/per share. (Neutral)

*ABSL AMC:* AB Capital to sell 4.99% stake of Aditya Birla Sun Life AMC via offer for sale to meet minimum public shareholding norms (Neutral)

*Ashoka Buildcon:* Companyhas received a Provisional Certificate for completing 20.76 KMs in aggregate for its NHAI Project (Neutral)

*GAEL:* Company has allotted 22.9 Cr fully paid-up bonus equity shares in the ratio 1:1 to eligible members. (Neutral)

*IRCTC:* Company has approved a project cost of Rs. 187.23 crores for a Disaster Recovery site for NGeT System at PRS Data Center at Secunderabad for 5 years. (Neutral)

*Reliance Naval:* Company changed name to Swan Defence & Heavy Industries (Neutral)

*Tata Steel:* UK subsidiary has decided to cease operations of the Coke Ovens at the Port Talbot plant, in Wales, following a deterioration of operational stability (Neutral)

*L&T Finance:* Company gets Board nod for raising up to ₹1.01 lakh crore via NCDs in 1 or more tranches (Neutral)

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 19-03-2024 :

T.me/AlliesFin

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -14982* 😭

*INDEX FUT. : -2142*

*INDEX OPT. : 14545*

*STOCK FUT. : +1217*

*STOCK OPT. : +488*

SEC. IN F&O BAN FOR, 20-Mar-24 :

*1. INDUSTOWER 2. BHEL 3. BIOCON 4. HINDCOPPER 5. PEL 6. RBLBANK 7. SAIL 8. ZEEL 9. BALRAMCHIN*

*ADDITION : INDUSTOWER*

*DELETION : ABFRL, MANAPPURAM, NATIONALUM, TATACHEM*

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 19-MAR-2024 :

*FIIS : BUY +1,421 (16,839-15,418)* 😃

*DIIS : BUY +7,449 (16,886-9,437)*😃😃

*BSE SENSEX : -736 (72,012)🔽*

*NSE NIFTY : -238 (21,817)🔽*

*BSE MIDCAP. : -521 (37,743)*🔽

*BSE SMLCAP. : -536 (41,446)*🔽

*B. CRUDE : $ 87.29* 🔼 😥

*GOLD: $ 2,154=INR 64,840(10gr)*↔️😳

*SILVER : RS. 77,300 (kg)(5pm)*🔼🙂

*FOREX : RS. $ 83.04 🔽 😩*

*7.18% GOI '33: 7.0981%(100.5450)🔼☺️*

*7.18% GOI '37: 7.1555% (100.1950)🔼😩*

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 22-03-2024 :

T.me/AlliesFin

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -12164* 😭

*INDEX FUT. : +1432*

*INDEX OPT. : -19854*

*STOCK FUT. : +5919*

*STOCK OPT. : +337*

*SEC. IN F&O BAN FOR, 26.03.2024 :*

*1. BIOCON 2. SAIL 3. TATACHEM 4. ZEEL*

*ADDITION : NIL*
*DELETION : BALRAMCHIN, PEL, INDUSTOWER*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 22-MAR-2024 :*

*FIIS : SELL -3,310 (17,460-20,770)* 😥

*DIIS : BUY +3,765 (12,729-8,964)* 😃

*BSE SENSEX : +191 (72,832)🔼*

*NSE NIFTY : +85 (22,097)🔼*

*BSE MIDCAP. : +149 (38,801)*🔼

*BSE SMLCAP. : +449 (42,771)*🔼

*B. CRUDE : $ 85.08* 🔽🙂

*GOLD: $ 2,171=INR 66,000(10gr)*🔼🙂

*SILVER : RS. 76,500 (kg)(5pm)*🔽😭

*FOREX : RS. $ 83.42 🔽 😥*

*7.18% GOI '33: 7.0927%(100.58)🔼😩*

*7.18% GOI '37: 7.1554% (100.1950)🔼😩*

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 01-04-2024 :

T.me/AlliesFin

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -5368* 😭

*INDEX FUT. : +275*

*INDEX OPT. : -7064*

*STOCK FUT. : +1019*

*STOCK OPT. : +401*

*SEC. IN F&O BAN FOR, 02 APRIL, 2024 :*

*NIL*

*ADDITION : NIL*
*DELETION : ZEEL*

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 01-APRIL-2024 :

*FIIS : SELL -522 (8,818-9340)* ☺️

*DIIS : BUY +1,208 (10,193-8,985)* 😃

*BSE SENSEX : +363 (74,014)🔼*

*NSE NIFTY : +135 (22,462)🔼*

*BSE MIDCAP. : +646 (39,968)*🔼

*BSE SMLCAP. : +1288 (44,454)*🔼

*B. CRUDE : $ 87.45* 🔼😥

*GOLD: $ 2,235=INR 69,180(10gr)*🔼😃

*SILVER : RS. 78,600 (kg)(5pm)*🔼😃

*FOREX : RS. $ 83.40 🔽 ☺️*(Close)

*7.18% GOI '33: 7.0556%(100.83)🔽🙂*(Close)

*7.18% GOI '37: 7.0891% (100.76)🔽😊* (Close)

Get Stock Market News n updates on your Device connect
https://telegram.me/AlliesFin

Learn more about Stock Markets connect
https://telegram.me/StockArthi

Link to Join ALLiESFiN Whatsapp Channel...
https://whatsapp.com/channel/0029VaPrz8AIXnlv64xTjs1f