Morning Alert..🚀🚀
India's 5G revenues are projected to hit $9 billion by 2026, says report
India’s 5G revenues are projected to hit $9 billion by 2026 and will account for 37.7 per cent of its total mobile services revenues, according to a India Mobile Broadband Index 2022 report released by telecom gear maker Nokia today. The projections were done by research agency, Global Data. However, the study shows that globally, telecom operators will generate as much as 64 per cent of their revenues from 5G services. India, though, will account for a mere 1.39 per cent of global 5G revenues, expected to touch $645 billion by 2026.
India's sugar exports seen rising to 7.5 million tonnes in 2021-22
Indian sugar exports are seen climbing to 7.5 million tonnes in the 2021/22 season, up from the prior season’s 7.1 million, Abinash Verma, Director General of the Indian Sugar Mills Association said on Tuesday. “We believe that we have signed contracts for 6.3 million tonnes in the current season already and contracts are getting signed pretty fast in India every week,” Verma told a sugar conference in Dubai.
Russia-Ukraine war poses upside risk to inflation: Finance ministry
The finance ministry said on Tuesday that high energy and commodity prices due to the Russian invasion of Ukraine may provide an upside risk to inflation and continued vigil is required. “Going forward, elevated energy and commodity prices may act as an upside risk to the inflation outlook in the near-medium term. Given the inherently unsustainable nature of high prices, international commodity prices are expected to level off early with an increase in supplies outside the crisis zone”.
Commodity play
Gold – Rs 51414/10gm, Silver – Rs 67056/kg, Brcrude – Rs 7526/barrel, Degumsyoil – Rs 1550/10kg, Copper – Rs 794/kg.
Corporate News
IndiGo – Co starts flights between India and Thailand after a span of two years.
Oberoi Realty – Co surges to top with highest sales in 2021, shows data.
Sector in focus - Banks, IT, Metals & Fertilizers.
India's 5G revenues are projected to hit $9 billion by 2026, says report
India’s 5G revenues are projected to hit $9 billion by 2026 and will account for 37.7 per cent of its total mobile services revenues, according to a India Mobile Broadband Index 2022 report released by telecom gear maker Nokia today. The projections were done by research agency, Global Data. However, the study shows that globally, telecom operators will generate as much as 64 per cent of their revenues from 5G services. India, though, will account for a mere 1.39 per cent of global 5G revenues, expected to touch $645 billion by 2026.
India's sugar exports seen rising to 7.5 million tonnes in 2021-22
Indian sugar exports are seen climbing to 7.5 million tonnes in the 2021/22 season, up from the prior season’s 7.1 million, Abinash Verma, Director General of the Indian Sugar Mills Association said on Tuesday. “We believe that we have signed contracts for 6.3 million tonnes in the current season already and contracts are getting signed pretty fast in India every week,” Verma told a sugar conference in Dubai.
Russia-Ukraine war poses upside risk to inflation: Finance ministry
The finance ministry said on Tuesday that high energy and commodity prices due to the Russian invasion of Ukraine may provide an upside risk to inflation and continued vigil is required. “Going forward, elevated energy and commodity prices may act as an upside risk to the inflation outlook in the near-medium term. Given the inherently unsustainable nature of high prices, international commodity prices are expected to level off early with an increase in supplies outside the crisis zone”.
Commodity play
Gold – Rs 51414/10gm, Silver – Rs 67056/kg, Brcrude – Rs 7526/barrel, Degumsyoil – Rs 1550/10kg, Copper – Rs 794/kg.
Corporate News
IndiGo – Co starts flights between India and Thailand after a span of two years.
Oberoi Realty – Co surges to top with highest sales in 2021, shows data.
Sector in focus - Banks, IT, Metals & Fertilizers.
Stocks To Watch👉
SAIL: The company declared second interim dividend of Rs 2.5 per equity share, 25% on the paid-up equity share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. under the Insolvency and Bankruptcy Code for a total consideration Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has given in-principle approval to to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire up to 11.86% stake in AMP Energy Green Nine for setting up captive wind solar hybrid power project in Gujarat.
JSW Energy: The company has approved re-organisation of its renewables and thermal power businesses.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has declared an interim dividend of Rs 3 per equity share of face value Rs 2 each.
Wipro: The company has joined the governing board of Open Source Security Foundation to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographical areas offered by the Petroleum and Natural Gas Regulatory Board for city gas distribution. It also approved investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project. Tube India: The company has appointed Mukesh Ahuja as MD, M.A.M. Arunachalam as executive chairman and Vellayan Subbiah as executive vice chairman for five years.
GSK Pharma: The company has completed the sale of trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GSK Asia.
Ansal Housing: The company has defaulted on principal and interest payment of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital, taking itsstake to 87.11%.
Godrej Consumer: The company has completed divestment of its entire stake in Bhabani Blunt Hair Dressing and the right to use the brand name to manufacture and sell BBLUNT branded products.
BEML: To consider declaration of dividend on March 22. .
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as the managing director for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for sale of air-conditioner parts.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of contract price) from Uttar Pradesh Expressways Industrial Development Authority for early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries : The company has approved capital expenditure of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to manufacture lubricant additives and rubber chemicals.
Jindal Saw: The company approved scheme of amalgamation of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has incorporated a wholly owned subsidiary Gufic UK in the United Kingdom
TCS: Selected by SGX for NSE Ifsc-SGX Connect. JSW Steel: Winds up three Mauritius units to simplify structure.
KPR Mills: To conduct Rs 180-crore buyback from March 25 to April 7.
Indiabulls Housing Finance: To consider bonds' private placement on March 22.
SAIL: The company declared second interim dividend of Rs 2.5 per equity share, 25% on the paid-up equity share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. under the Insolvency and Bankruptcy Code for a total consideration Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has given in-principle approval to to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire up to 11.86% stake in AMP Energy Green Nine for setting up captive wind solar hybrid power project in Gujarat.
JSW Energy: The company has approved re-organisation of its renewables and thermal power businesses.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has declared an interim dividend of Rs 3 per equity share of face value Rs 2 each.
Wipro: The company has joined the governing board of Open Source Security Foundation to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographical areas offered by the Petroleum and Natural Gas Regulatory Board for city gas distribution. It also approved investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project. Tube India: The company has appointed Mukesh Ahuja as MD, M.A.M. Arunachalam as executive chairman and Vellayan Subbiah as executive vice chairman for five years.
GSK Pharma: The company has completed the sale of trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GSK Asia.
Ansal Housing: The company has defaulted on principal and interest payment of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital, taking itsstake to 87.11%.
Godrej Consumer: The company has completed divestment of its entire stake in Bhabani Blunt Hair Dressing and the right to use the brand name to manufacture and sell BBLUNT branded products.
BEML: To consider declaration of dividend on March 22. .
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as the managing director for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for sale of air-conditioner parts.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of contract price) from Uttar Pradesh Expressways Industrial Development Authority for early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries : The company has approved capital expenditure of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to manufacture lubricant additives and rubber chemicals.
Jindal Saw: The company approved scheme of amalgamation of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has incorporated a wholly owned subsidiary Gufic UK in the United Kingdom
TCS: Selected by SGX for NSE Ifsc-SGX Connect. JSW Steel: Winds up three Mauritius units to simplify structure.
KPR Mills: To conduct Rs 180-crore buyback from March 25 to April 7.
Indiabulls Housing Finance: To consider bonds' private placement on March 22.
My Recent take on Crude oil
http://tradingcoach.co.in/price-action-trapped-buyers-crude-oil-inflection/
http://tradingcoach.co.in/price-action-trapped-buyers-crude-oil-inflection/
Morning Alert..🚀🚀
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
s Rs 18,000 crore buyback subscribed 5.5 times a day before close.
Zomato – Cos 10-minute delivery plan faces ire from all quarters.Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Morning Alert..🚀🚀
Centre may seek crypto log on transactions from banks, exchanges
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
IPL: Disney Star looks to close advertising deals worth Rs 4,300 crore
With the Indian Premier League (IPL) cricket tournament set to kick off on Saturday, Disney Star expects to close advertising deals worth Rs 4,300 crore, including both digital and linear TV, according to sources in the know. The higher revenues has been assisted partly due to a 10 per cent overall increase in rates as well as a hike in the overall inventory due to the increase in the number of matches by 20 per cent from 60 to 74 with the addition of two more franchisees taking the number of teams to 10.
Govt sets Rs 1-trillion infrastructure lending target for DFI
The Centre has set a target of about Rs 1 trillion for government-backed National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year. The government-backed Development Finance Institution (DFI) will start operations in the first quarter of the next financial year. The DFI plans to invest in infrastructure projects in India and outside with a focus towards prioritising systemic risk mitigation and credit enhancement.
Commodity play
Gold – Rs 51438/10gm, Silver – Rs 67492/kg, Brcrude – Rs 9039/barrel, Degumsyoil – Rs 1473/10kg, Copper – Rs 830/kg.
Corporate News
Kotak Mahindra Bank - CPPIB to sell 2% stake in Co, puts 40 mn shares on block.
HDFC - Co approves retail home loans to the tune of Rs 2 trillion in FY22.
L&T Finance – Parent L&T bought 4.14 shares in company @ 83.52/share.
Sector in focus - Banks, Metals, Oil & Gas & Fertilizers.
Centre may seek crypto log on transactions from banks, exchanges
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
IPL: Disney Star looks to close advertising deals worth Rs 4,300 crore
With the Indian Premier League (IPL) cricket tournament set to kick off on Saturday, Disney Star expects to close advertising deals worth Rs 4,300 crore, including both digital and linear TV, according to sources in the know. The higher revenues has been assisted partly due to a 10 per cent overall increase in rates as well as a hike in the overall inventory due to the increase in the number of matches by 20 per cent from 60 to 74 with the addition of two more franchisees taking the number of teams to 10.
Govt sets Rs 1-trillion infrastructure lending target for DFI
The Centre has set a target of about Rs 1 trillion for government-backed National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year. The government-backed Development Finance Institution (DFI) will start operations in the first quarter of the next financial year. The DFI plans to invest in infrastructure projects in India and outside with a focus towards prioritising systemic risk mitigation and credit enhancement.
Commodity play
Gold – Rs 51438/10gm, Silver – Rs 67492/kg, Brcrude – Rs 9039/barrel, Degumsyoil – Rs 1473/10kg, Copper – Rs 830/kg.
Corporate News
Kotak Mahindra Bank - CPPIB to sell 2% stake in Co, puts 40 mn shares on block.
HDFC - Co approves retail home loans to the tune of Rs 2 trillion in FY22.
L&T Finance – Parent L&T bought 4.14 shares in company @ 83.52/share.
Sector in focus - Banks, Metals, Oil & Gas & Fertilizers.
Wipro approves an interim dividend of Rs. 5/share
Record Date:- April 6
Oil reverses some losses after source says Saudi Aramco storage facility hit by attack in Jeddah
Hariom Pipe Industries Limited IPO
Date : 30 Mar - 05 Apr,2022
Fave Value : ₹10
Price : ₹144 - 153
Market Lot : 98 Shares
Appl Amt : ₹14,994
Issue Size : ₹130 Cr
Retail Quota: 35%
Record Date:- April 6
Oil reverses some losses after source says Saudi Aramco storage facility hit by attack in Jeddah
Hariom Pipe Industries Limited IPO
Date : 30 Mar - 05 Apr,2022
Fave Value : ₹10
Price : ₹144 - 153
Market Lot : 98 Shares
Appl Amt : ₹14,994
Issue Size : ₹130 Cr
Retail Quota: 35%
Insider Trades
Grasim Industries: Promoter Group IGH Holdings bought 1.25 lakh shares between March 22 and March 23.
Bajaj Holdings: Promoter Group Bachhraj & Co. bought 29,091 shares between March 22 and March 23.
Sudarshan Chemical Industries: Promoter and Director Rajesh Balkrishna Rathi bought 13,151 on March 23.
Vaibhav Global: Promoter Group Brett bought 1,708 shares on March 24.
Geojit Financial Services: Promoter BNP Paribas SA sold 3.95 lakh shares on March 21 and March 22.
Ramkrishna Forgings: Promoter Riddi Portfolio bought 30,000 shares on March 24.
Strides Pharma Science: Promoter Pronomz Ventures bought 45,450 shares between March 21 and March 22.
PTC Industries: Promoter and Director Sachin Agarwal bought 815 shares on March 24.
TeamLease Services: Promoter HR Offshoring Ventures and NED Consultants LLP sold 54,544 shares each between March 23 and March 25.
Infibeam Avenues: Promoter Malav Ajitbhai Mehta sold 75 lakh shares between March 23 and March 25.
Star Cement: Promoter Group Suchita Agarwal sold 5000 shares on March 22.
Yasho Industries: Promoter and Director Parag Vinod Jhaveri bought 25,000 shares on March 3.
Nuvoco Vistas Corp: Promoter NiyogiEnterprise bought 37,143 shares on March 23 and March 24.
Grasim Industries: Promoter Group IGH Holdings bought 1.25 lakh shares between March 22 and March 23.
Bajaj Holdings: Promoter Group Bachhraj & Co. bought 29,091 shares between March 22 and March 23.
Sudarshan Chemical Industries: Promoter and Director Rajesh Balkrishna Rathi bought 13,151 on March 23.
Vaibhav Global: Promoter Group Brett bought 1,708 shares on March 24.
Geojit Financial Services: Promoter BNP Paribas SA sold 3.95 lakh shares on March 21 and March 22.
Ramkrishna Forgings: Promoter Riddi Portfolio bought 30,000 shares on March 24.
Strides Pharma Science: Promoter Pronomz Ventures bought 45,450 shares between March 21 and March 22.
PTC Industries: Promoter and Director Sachin Agarwal bought 815 shares on March 24.
TeamLease Services: Promoter HR Offshoring Ventures and NED Consultants LLP sold 54,544 shares each between March 23 and March 25.
Infibeam Avenues: Promoter Malav Ajitbhai Mehta sold 75 lakh shares between March 23 and March 25.
Star Cement: Promoter Group Suchita Agarwal sold 5000 shares on March 22.
Yasho Industries: Promoter and Director Parag Vinod Jhaveri bought 25,000 shares on March 3.
Nuvoco Vistas Corp: Promoter NiyogiEnterprise bought 37,143 shares on March 23 and March 24.
STOCKS TO WATCH: 08/04/2022
Cholamandalam Investment: Co Says Jan-Mar Disbursements At 127.20b Rupees, Collection Efficiency At 138%
Infosys: Co And Rolls-Royce Extend Strategic Collaboration With Launch Of Joint ‘Aerospace Engineering And Digital Innovation Centre’ In India
Hester Biosciences: Co To Get Grant Of 600m Rupees From Biotechnology Industry Research Assistance Council (Birac)
KSB: Co Says Possible Cyber Attack On Co’s It Based Systems || As An Immediate Measure, All Actually Or Potentially Affected It Systems Temporarily Shut Down In A Controlled Manner
Sobha: Co Says Total Sales Volume 1.34m Square Feet Of Super Built-Up Area, Realization Of 11.10b Rupees In Qtr
Simplex Infrastructures: Board Meeting On April 12 To Consider Fund Raising
Jindal Stainless: Q4 Sales Volume Up 6% (YoY) At 269,168 MT
NTPC: Mahagenco And NTPC Will Jointly Set Up An Ultramega Renewable Solar Power Park Of 2500 Mw Capacity - Maharashtra CMO Tweets
Indiabulls Real Estate: Co Launches Qip, Floor Price At 106.38 Rupees/Share
L&T: Co Says MCA Sought Information And Documents For The Period Between 2003 To 2008
M&M: Co Says Deal Between Consortium Led By Edison Motors And Symc To Buy Symc Via Primary Equity Investment In Symc Has Been Terminated
Cholamandalam Investment: Co Says Jan-Mar Disbursements At 127.20b Rupees, Collection Efficiency At 138%
Infosys: Co And Rolls-Royce Extend Strategic Collaboration With Launch Of Joint ‘Aerospace Engineering And Digital Innovation Centre’ In India
Hester Biosciences: Co To Get Grant Of 600m Rupees From Biotechnology Industry Research Assistance Council (Birac)
KSB: Co Says Possible Cyber Attack On Co’s It Based Systems || As An Immediate Measure, All Actually Or Potentially Affected It Systems Temporarily Shut Down In A Controlled Manner
Sobha: Co Says Total Sales Volume 1.34m Square Feet Of Super Built-Up Area, Realization Of 11.10b Rupees In Qtr
Simplex Infrastructures: Board Meeting On April 12 To Consider Fund Raising
Jindal Stainless: Q4 Sales Volume Up 6% (YoY) At 269,168 MT
NTPC: Mahagenco And NTPC Will Jointly Set Up An Ultramega Renewable Solar Power Park Of 2500 Mw Capacity - Maharashtra CMO Tweets
Indiabulls Real Estate: Co Launches Qip, Floor Price At 106.38 Rupees/Share
L&T: Co Says MCA Sought Information And Documents For The Period Between 2003 To 2008
M&M: Co Says Deal Between Consortium Led By Edison Motors And Symc To Buy Symc Via Primary Equity Investment In Symc Has Been Terminated