UNLOCK : Maharashtra Govt. cabinet meeting today , Likely announce Unlocking Of Lockdown in phased manner (possitive)
RIL:GOOGLE CEO PICHAI SAYS WORKING CLOSELY WITH RELIANCE JIO TO LAUNCH AFFORDABLE SMART PHONES
Stocks To Watch
Hester Biosciences: An MOU has been signed between Bharat Biotech International and Gujarat Covid Vaccine Consortium for contract manufacturing the drug substance for Covaxin. GCVC comprises of Gujarat Biotechnology Research Centre, Hester Biosciences and Omnibrx Biotechnologies. Hester has estimated an outlay of Rs 40 crore for this project. The drug substance would be available from August 2021.
• TCS: Completed the acquisition of GE’s stake in Tata Consultancy Services Saudi Arabia on May 26.
•** Navneet Education: Approved buyback of shares from the open market at a maximum price of Rs 100 per share for an aggregate amount of up to Rs 50 crore.
• UCO Bank**: Approved raising up to Rs 3000 crore equity capital via Follow on Public Offer, Qualified Institutional Placement, preferential issue etc
• Panacea Biotech: To consider raising funds in June 2 meeting.
• Authum Investment & Infrastructure: Approved raising of funds up to Rs 500 crore by way of QIP, preferential allotment. The company has also approved a sub-division of one share of the face value of Rs 10 each fully paid up into 10 shares of Re 1 each fully paid up.
•** India Grid Trust**: Net profit down 28% quarter-on-quarter at Rs 67.90 crore Vs Rs 94.50 crore. Q4FY21 distribution up 3.3% at Rs 3.10 per unit. FY22 distribution guidance raised to Rs 12.75 per unit.
• Delta Corp: The casinos operated by the company and its subsidiaries in Goa will remain closed till June 15 as the state government has extended the lockdown due to a surge in Covid-19 cases.
• Nifty Earnings: Mahindra & Mahindra
• Non-Nifty Earnings: Max Healthcare Institute, NACL Industries, Navkar Corporation, NCC, NESCO, OnMobile Global, Rajapalayam Mills, REC, Reliance Infrastructure, Renaissance Global, 3M INDIA, Aditya Birla Fashion and Retail, Action Construction Equipment, Ador Welding, Associated Alcohols & Breweries, Bengal & Assam Company, Camlin Fine Sciences, Central Bank Of India, Confidence Petroleum India, Dilip Buildcon, Deepak Fertilisers & Petrochemicals Corporation, Prataap Snacks, Excel Industries, Force Motors, Genus Power Infrastructures, Glenmark Pharmaceuticals, GMM Pfaudler, Gulf Oil Lubricants India, Heidelbergcement India, Hinduja Global Solutions, Indian Bank, India Nippon Electricals, Ipca Laboratories, ITD Cementation India, Jagran Prakashan, Jindal Poly Films, Kama Holdings, Kanoria Chemicals & Industries, RSWM, SMS Pharmaceuticals, Sudarshan Chemical Industries, Sumitomo Chemical India, Time Technoplast, TV Today Network, Ujjivan Financial Services, V-Mart Retail, WPIL
Hester Biosciences: An MOU has been signed between Bharat Biotech International and Gujarat Covid Vaccine Consortium for contract manufacturing the drug substance for Covaxin. GCVC comprises of Gujarat Biotechnology Research Centre, Hester Biosciences and Omnibrx Biotechnologies. Hester has estimated an outlay of Rs 40 crore for this project. The drug substance would be available from August 2021.
• TCS: Completed the acquisition of GE’s stake in Tata Consultancy Services Saudi Arabia on May 26.
•** Navneet Education: Approved buyback of shares from the open market at a maximum price of Rs 100 per share for an aggregate amount of up to Rs 50 crore.
• UCO Bank**: Approved raising up to Rs 3000 crore equity capital via Follow on Public Offer, Qualified Institutional Placement, preferential issue etc
• Panacea Biotech: To consider raising funds in June 2 meeting.
• Authum Investment & Infrastructure: Approved raising of funds up to Rs 500 crore by way of QIP, preferential allotment. The company has also approved a sub-division of one share of the face value of Rs 10 each fully paid up into 10 shares of Re 1 each fully paid up.
•** India Grid Trust**: Net profit down 28% quarter-on-quarter at Rs 67.90 crore Vs Rs 94.50 crore. Q4FY21 distribution up 3.3% at Rs 3.10 per unit. FY22 distribution guidance raised to Rs 12.75 per unit.
• Delta Corp: The casinos operated by the company and its subsidiaries in Goa will remain closed till June 15 as the state government has extended the lockdown due to a surge in Covid-19 cases.
• Nifty Earnings: Mahindra & Mahindra
• Non-Nifty Earnings: Max Healthcare Institute, NACL Industries, Navkar Corporation, NCC, NESCO, OnMobile Global, Rajapalayam Mills, REC, Reliance Infrastructure, Renaissance Global, 3M INDIA, Aditya Birla Fashion and Retail, Action Construction Equipment, Ador Welding, Associated Alcohols & Breweries, Bengal & Assam Company, Camlin Fine Sciences, Central Bank Of India, Confidence Petroleum India, Dilip Buildcon, Deepak Fertilisers & Petrochemicals Corporation, Prataap Snacks, Excel Industries, Force Motors, Genus Power Infrastructures, Glenmark Pharmaceuticals, GMM Pfaudler, Gulf Oil Lubricants India, Heidelbergcement India, Hinduja Global Solutions, Indian Bank, India Nippon Electricals, Ipca Laboratories, ITD Cementation India, Jagran Prakashan, Jindal Poly Films, Kama Holdings, Kanoria Chemicals & Industries, RSWM, SMS Pharmaceuticals, Sudarshan Chemical Industries, Sumitomo Chemical India, Time Technoplast, TV Today Network, Ujjivan Financial Services, V-Mart Retail, WPIL
Dividend Updates
👉🏻Kovilpatti Lakshmi Roller Flour Mills Ltd board recommends dividend of Rs. 1.50
👉🏻Lakshmi Electrical Control Systems Ltd board recommends dividend of Rs. 3.50
👉🏻NESCO Ltd board recommends final dividend of Rs. 3
👉🏻NCC Limited Board recommends Dividend of Rs. 0.80
👉🏻Dilip Buildcon Limited board recommends dividend of Rs. 1
👉🏻Indian Bank board recommends dividend of Rs. 2 for FY21
👉🏻Action Construction Equipment Ltd Board recommends Dividend of Rs. 0.50
👉🏻Deepak Fertilisers and Petrochemicals Corporation Limited Board approves Dividend of Rs. 7.50
👉🏻Permanent Magnets Ltd board recommends dividend of Rs. 1
👉🏻ITD CEMENTATION Rs. 0.12
👉🏻Rama Phosphates Ltd Board recommends Final Dividend of Rs. 1
👉🏻TV Today Network Ltd Board recommends Final Dividend of Rs. 2.50
👉🏻Mahindra & Mahindra Ltd Board approves dividend of Rs. 8.75
👉🏻Rajapalayam Mills Ltd Board approves dividend of Rs. 0.50
👉🏻Pudumjee Paper Products Ltd Board approves dividend of Rs. 0.30
👉🏻Kovilpatti Lakshmi Roller Flour Mills Ltd board recommends dividend of Rs. 1.50
👉🏻Lakshmi Electrical Control Systems Ltd board recommends dividend of Rs. 3.50
👉🏻NESCO Ltd board recommends final dividend of Rs. 3
👉🏻NCC Limited Board recommends Dividend of Rs. 0.80
👉🏻Dilip Buildcon Limited board recommends dividend of Rs. 1
👉🏻Indian Bank board recommends dividend of Rs. 2 for FY21
👉🏻Action Construction Equipment Ltd Board recommends Dividend of Rs. 0.50
👉🏻Deepak Fertilisers and Petrochemicals Corporation Limited Board approves Dividend of Rs. 7.50
👉🏻Permanent Magnets Ltd board recommends dividend of Rs. 1
👉🏻ITD CEMENTATION Rs. 0.12
👉🏻Rama Phosphates Ltd Board recommends Final Dividend of Rs. 1
👉🏻TV Today Network Ltd Board recommends Final Dividend of Rs. 2.50
👉🏻Mahindra & Mahindra Ltd Board approves dividend of Rs. 8.75
👉🏻Rajapalayam Mills Ltd Board approves dividend of Rs. 0.50
👉🏻Pudumjee Paper Products Ltd Board approves dividend of Rs. 0.30
ADVANCED ENZYMES : Board approves additional 15 % stake Acquisition in JC Biotech for Rs 21.1 cr at Rs 68/share
Do Note : Co. already holds 70 % stake in JC Biotech.. Post Acquision co. stake will rise to 85 % .
Do Note : Co. already holds 70 % stake in JC Biotech.. Post Acquision co. stake will rise to 85 % .
J & K BANK : Board meeting on June 4 for Fund raising, Jammu Kashmir Govt to infuse fund in The bank
SHARDA CONST. : Board Approves Spliting shares
Oil marketing companies hike #fuel prices. The price of #petrol and #diesel increased to Rs 94.49 and Rs 85.38 per litre in Delhi today. Petrol price changed to Rs 100.72 per litre in Mumbai, diesel prices hiked to Rs 92.69 per litre.
SHARDA CONST. : Board Approves Spliting shares
Oil marketing companies hike #fuel prices. The price of #petrol and #diesel increased to Rs 94.49 and Rs 85.38 per litre in Delhi today. Petrol price changed to Rs 100.72 per litre in Mumbai, diesel prices hiked to Rs 92.69 per litre.
RADICO KHAITAN Q4 : Net Profit up 124 % to Rs 73.5 cr (YOY)
Revenue up 19 % to Rs 694 cr
EBITDA up 23 % to Rs 101 cr
MARGINS at 3.5 % V 3.72 %
Recomend Rs 2.4 as a final Dividend
Revenue up 19 % to Rs 694 cr
EBITDA up 23 % to Rs 101 cr
MARGINS at 3.5 % V 3.72 %
Recomend Rs 2.4 as a final Dividend
Stocks To Watch
• Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.
• Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.
• NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.
• Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for the implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.
• Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.
• Reliance Industries: To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend
• Jain Irrigation: Says its unit amends Debt Restructuring Support Pact
• Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes
May Auto Sales
• Hero MotoCorp: Overall sales down 51% at 1,83,044 lakh units Vs 3,72,285 units. Motorcycle sales down 47.33% at 1,78,706 lakh units Vs 3,39,329 lakh units. Exports down 20.85% at 23,483 units Vs 29,671 units.
• Eicher Motors: Total Royal Enfield sales down 48.78% at 27,294 units Vs 53,298 units. Exports up 60% at units 7,221 Vs 4,509 units.
• Ashok Leyland: Total vehicle sales down 61.64% at 3,199 units Vs 8,340 units. Domestic sales down 65.60% at 2,738 units Vs 7,961 units.
• Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.
• Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.
• NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.
• Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for the implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.
• Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.
• Reliance Industries: To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend
• Jain Irrigation: Says its unit amends Debt Restructuring Support Pact
• Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes
May Auto Sales
• Hero MotoCorp: Overall sales down 51% at 1,83,044 lakh units Vs 3,72,285 units. Motorcycle sales down 47.33% at 1,78,706 lakh units Vs 3,39,329 lakh units. Exports down 20.85% at 23,483 units Vs 29,671 units.
• Eicher Motors: Total Royal Enfield sales down 48.78% at 27,294 units Vs 53,298 units. Exports up 60% at units 7,221 Vs 4,509 units.
• Ashok Leyland: Total vehicle sales down 61.64% at 3,199 units Vs 8,340 units. Domestic sales down 65.60% at 2,738 units Vs 7,961 units.
Dividend Updates
👉🏻Dhunseri Ventures Ltd board recommends dividend of Rs. 2.50
👉🏻Bigbloc Construction Ltd Board approves final dividend of Rs. 0.25
👉🏻Motherson Sumi Systems Limited board recommends dividend of Rs. 1.50
👉🏻NGL Fine-Chem Ltd Board approves final dividend of Rs. 1.75
👉🏻ITC Ltd Board approves Dividend of Rs. 5.75
👉🏻Gujarat Gas Ltd Board recommends Dividend of Rs. 2
👉🏻Radico Khaitan Limited Board recommends Dividend of Rs. 2.40
👉🏻Dhunseri Ventures Ltd board recommends dividend of Rs. 2.50
👉🏻Bigbloc Construction Ltd Board approves final dividend of Rs. 0.25
👉🏻Motherson Sumi Systems Limited board recommends dividend of Rs. 1.50
👉🏻NGL Fine-Chem Ltd Board approves final dividend of Rs. 1.75
👉🏻ITC Ltd Board approves Dividend of Rs. 5.75
👉🏻Gujarat Gas Ltd Board recommends Dividend of Rs. 2
👉🏻Radico Khaitan Limited Board recommends Dividend of Rs. 2.40