Dividend Updates.
👉🏻Chemcrux Enterprises Ltd Board approves final dividend of Rs. 2
👉🏻Lumax Industries Ltd board recommends final dividend of Rs. 7
👉🏻Oricon Enterprises Ltd Board approves Dividend of Rs. 0.50
👉🏻JL Morison India Ltd Board approves Dividend of Rs. 1
👉🏻The Southern Gas Ltd Board recommends Final Dividend of Rs. 50
👉🏻Kiran Vyapar Ltd Board approves Dividend of Rs. 1.50
👉🏻Hindustan Hardy Ltd Board recommends Dividend of Rs. 2
👉🏻DFM Foods Ltd Board approves Dividend of Rs. 1
👉🏻BEML Ltd board recommends final dividend of Rs. 1.20
👉🏻Cochin Shipyard Ltd board recommends final dividend of Rs. 2.50
👉🏻IVP Ltd board recommends final dividend of Rs. 1
👉🏻Intense Technologies Limited board recommends final dividend of Rs. 2
👉🏻WIM Plast Ltd board recommends final dividend of Rs. 5
👉🏻Edelweiss Financial Services Limited board recommends final dividend of Rs. 0.55
👉🏻Bharat Bhushan Share & Commodity Brokers Ltd Board approves final dividend of Rs. 0.60
👉🏻Sterling Tools Ltd board recommends dividend of Rs. 1
👉🏻J K Cement Ltd board recommends dividend of Rs. 15
👉🏻Everest Organics Ltd board recommends final dividend of Rs. 1
👉🏻VRL Logistics Ltd board recommends final dividend of Rs. 4
👉🏻The Indian Hume Pipe Company Limited board recommends dividend of Rs. 2
👉🏻Gloster Limited board recommends dividend of Rs. 25
👉🏻Parag Milk Foods Ltd Board recommends Final Dividend of Rs. 0.50
👉🏻Aarnav Fashions Ltd board recommends dividend of Rs. 0.50
👉🏻Lumax Auto Technologies Ltd Board approves final dividend of Rs. 3
👉🏻HLE Glascoat Ltd Board approves Dividend of Rs. 4
👉🏻Anupam Rasayan India Ltd board recommends dividend of Rs. 0.50
👉🏻Care Ratings Limited board recommends final dividend of Rs. 6
👉🏻Chemcrux Enterprises Ltd Board approves final dividend of Rs. 2
👉🏻Lumax Industries Ltd board recommends final dividend of Rs. 7
👉🏻Oricon Enterprises Ltd Board approves Dividend of Rs. 0.50
👉🏻JL Morison India Ltd Board approves Dividend of Rs. 1
👉🏻The Southern Gas Ltd Board recommends Final Dividend of Rs. 50
👉🏻Kiran Vyapar Ltd Board approves Dividend of Rs. 1.50
👉🏻Hindustan Hardy Ltd Board recommends Dividend of Rs. 2
👉🏻DFM Foods Ltd Board approves Dividend of Rs. 1
👉🏻BEML Ltd board recommends final dividend of Rs. 1.20
👉🏻Cochin Shipyard Ltd board recommends final dividend of Rs. 2.50
👉🏻IVP Ltd board recommends final dividend of Rs. 1
👉🏻Intense Technologies Limited board recommends final dividend of Rs. 2
👉🏻WIM Plast Ltd board recommends final dividend of Rs. 5
👉🏻Edelweiss Financial Services Limited board recommends final dividend of Rs. 0.55
👉🏻Bharat Bhushan Share & Commodity Brokers Ltd Board approves final dividend of Rs. 0.60
👉🏻Sterling Tools Ltd board recommends dividend of Rs. 1
👉🏻J K Cement Ltd board recommends dividend of Rs. 15
👉🏻Everest Organics Ltd board recommends final dividend of Rs. 1
👉🏻VRL Logistics Ltd board recommends final dividend of Rs. 4
👉🏻The Indian Hume Pipe Company Limited board recommends dividend of Rs. 2
👉🏻Gloster Limited board recommends dividend of Rs. 25
👉🏻Parag Milk Foods Ltd Board recommends Final Dividend of Rs. 0.50
👉🏻Aarnav Fashions Ltd board recommends dividend of Rs. 0.50
👉🏻Lumax Auto Technologies Ltd Board approves final dividend of Rs. 3
👉🏻HLE Glascoat Ltd Board approves Dividend of Rs. 4
👉🏻Anupam Rasayan India Ltd board recommends dividend of Rs. 0.50
👉🏻Care Ratings Limited board recommends final dividend of Rs. 6
5 Stocks under F&O ban for 14th June:
1️⃣ BHEL
2️⃣ Indiabulls Housing Finance
3️⃣ Sun TV Network
4⃣Canara Bank
5⃣NALCO
1️⃣ BHEL
2️⃣ Indiabulls Housing Finance
3️⃣ Sun TV Network
4⃣Canara Bank
5⃣NALCO
Dividend Updates
👉🏻Aditya Vision Ltd Board recommends Final Dividend of Rs. 5
👉🏻Voith Paper Fabrics India Ltd Board approves Dividend of Rs. 5
👉🏻Swelect Energy Systems Limited board recommends final dividend of Rs. 3
👉🏻Archit Organosys Ltd board recommends final dividend of Rs. 0.50
👉🏻JB Chemicals & Pharmaceuticals Ltd Board approves final dividend of Rs. 8
👉🏻Aditya Vision Ltd Board recommends Final Dividend of Rs. 5
👉🏻Voith Paper Fabrics India Ltd Board approves Dividend of Rs. 5
👉🏻Swelect Energy Systems Limited board recommends final dividend of Rs. 3
👉🏻Archit Organosys Ltd board recommends final dividend of Rs. 0.50
👉🏻JB Chemicals & Pharmaceuticals Ltd Board approves final dividend of Rs. 8
Stocks in focus
• Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion. That triggered a contractual pre-commercialisation milestone payment of $20 million to Hatchtech. That amount is included in the award, along with interest and fees, by the international arbitrator.
• Jubilant Pharmova: Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets.
• RITES: Emerged as the lowest bidder for Rs 1,741 crore railways project. A tender was called the Ministry of Railways for railway electrification work on a turnkey basis.
• Wipro: Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance. Wipro will provide Global IT support services across Levi Strauss & Co.’s consumer digital technology space. Further, the company has announced a strategic partnership with FEV to open Innovation Lab for developing Software Defined Vehicles. The lab will help automakers, OEMs create enhanced automobile experiences.
• Godrej Agrovet: Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company. The acquisition was made at Rs 10 crore and is expected to be completed before June 30.
• ICICI Bank: Allotted 28,274 unsecured long-term bonds in the nature of debentures aggregating to Rs 2,827.4 crore on a private placement basis on June 15. The bonds carry a coupon rate of 6.45% per annum for a period of seven years.
• Videocon Industries: Has fixed June 18 as the record date for the purpose of delisting of equity shares from BSE and NSE.
•**Nesco**: Appointed Krishna Patel as the Chairman and Managing Director with effect from June 15. Patel will replace Sumant Patel, who has been appointed as Executive Director and Chief Mentor of the company effective June 15.
• Earnings: Asahi India Glass, CESC, Nureca, Olectra Greentech, Rites, RPSG Ventures, Somany Ceramics, Welspun Enterprises
• Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion. That triggered a contractual pre-commercialisation milestone payment of $20 million to Hatchtech. That amount is included in the award, along with interest and fees, by the international arbitrator.
• Jubilant Pharmova: Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets.
• RITES: Emerged as the lowest bidder for Rs 1,741 crore railways project. A tender was called the Ministry of Railways for railway electrification work on a turnkey basis.
• Wipro: Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance. Wipro will provide Global IT support services across Levi Strauss & Co.’s consumer digital technology space. Further, the company has announced a strategic partnership with FEV to open Innovation Lab for developing Software Defined Vehicles. The lab will help automakers, OEMs create enhanced automobile experiences.
• Godrej Agrovet: Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company. The acquisition was made at Rs 10 crore and is expected to be completed before June 30.
• ICICI Bank: Allotted 28,274 unsecured long-term bonds in the nature of debentures aggregating to Rs 2,827.4 crore on a private placement basis on June 15. The bonds carry a coupon rate of 6.45% per annum for a period of seven years.
• Videocon Industries: Has fixed June 18 as the record date for the purpose of delisting of equity shares from BSE and NSE.
•**Nesco**: Appointed Krishna Patel as the Chairman and Managing Director with effect from June 15. Patel will replace Sumant Patel, who has been appointed as Executive Director and Chief Mentor of the company effective June 15.
• Earnings: Asahi India Glass, CESC, Nureca, Olectra Greentech, Rites, RPSG Ventures, Somany Ceramics, Welspun Enterprises
Stocks in focus
• SBI: Board to meet on June 21 to consider fund raising plan for FY22. SBI looks to raise additional tier-1 capital through issuance of Basel III compliant debt securities. Funds to be raised through public offer or private placement
•** Wipro**: Partnered with Exaware to develop advanced engineering solutions that foster innovation in the networking industry, streamline 5G technology upgrades, and open the door to future 6G compatibility.
• ISGEC Heavy Engineering: Received an order for the fabrication of above ground piping spools from Tata Projects. The company will manufacture more than 115,000 inch-dia shop fabricated piping spools of high-end metallurgies for a major project in the Hydrocarbon sector.
• Federal Bank: Approved issuance of up to 10.48 crore equity shares to International Finance Corporation, IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund at Rs 87.39 per share aggregating to Rs 916 crore. Further the bank will raise up to Rs 4,000 crore via Rights Issue, QIP, FPO, FCCB, ADR, Global Depository Receipts etc. The bank will also raise up to Rs 8000 crore via issue of debt instruments in domestic and/or overseas market.
• Bharat Heavy Electricals Ltd: Created additional merit-based provisions of Rs 1,800 crore for FY21 after receivables review. The provisioning has been done in case of projects where the collections may have been doubtful. The company took a call to conservatively provide for receivables.
• Punjab & Sind Bank: Lanco Infratech’s account with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI.
• IDFC First Bank: Approved re-appointment of V Vaidyanathan as the MD & CEO for a further period of three years, with effect from December 19, 2021 up to December 18, 2024.
• Shriram City Union Finance: Approved issuance of 1000 secured NCDs of Rs 10 lakh each aggregating to Rs 100 crore on private placement basis.
• Ashiana Housing: Acquired land admeasuring 22.1 acres in sector- 93 in Gurgaon, Haryana. The company will construct a group housing project on the land with potential saleable area of 21 lakh sq ft.
• RITES: Appointed Bibhu Nayak, Director Finance as the Chief Financial Officer with effect from July 1. Nayak to replace Parmod Narang who is superannuating on June 30.
• Nifty Earnings: Power Grid Corporation of India
• Non-Nifty Earnings: Natco Pharma, Tube Investments of India, Indostar Capital Finance, DB Corp, Jammu & Kashmir Bank, HealthCare Global Enterprises, Hindustan Media Ventures, IFB Agro Industries, Kingfa Science & Technology (India), Nava Bharat Ventures, Novartis India, Power Mech Projects
• SBI: Board to meet on June 21 to consider fund raising plan for FY22. SBI looks to raise additional tier-1 capital through issuance of Basel III compliant debt securities. Funds to be raised through public offer or private placement
•** Wipro**: Partnered with Exaware to develop advanced engineering solutions that foster innovation in the networking industry, streamline 5G technology upgrades, and open the door to future 6G compatibility.
• ISGEC Heavy Engineering: Received an order for the fabrication of above ground piping spools from Tata Projects. The company will manufacture more than 115,000 inch-dia shop fabricated piping spools of high-end metallurgies for a major project in the Hydrocarbon sector.
• Federal Bank: Approved issuance of up to 10.48 crore equity shares to International Finance Corporation, IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund at Rs 87.39 per share aggregating to Rs 916 crore. Further the bank will raise up to Rs 4,000 crore via Rights Issue, QIP, FPO, FCCB, ADR, Global Depository Receipts etc. The bank will also raise up to Rs 8000 crore via issue of debt instruments in domestic and/or overseas market.
• Bharat Heavy Electricals Ltd: Created additional merit-based provisions of Rs 1,800 crore for FY21 after receivables review. The provisioning has been done in case of projects where the collections may have been doubtful. The company took a call to conservatively provide for receivables.
• Punjab & Sind Bank: Lanco Infratech’s account with outstanding dues of Rs 215.17 crore has been declared as fraud and reported to RBI.
• IDFC First Bank: Approved re-appointment of V Vaidyanathan as the MD & CEO for a further period of three years, with effect from December 19, 2021 up to December 18, 2024.
• Shriram City Union Finance: Approved issuance of 1000 secured NCDs of Rs 10 lakh each aggregating to Rs 100 crore on private placement basis.
• Ashiana Housing: Acquired land admeasuring 22.1 acres in sector- 93 in Gurgaon, Haryana. The company will construct a group housing project on the land with potential saleable area of 21 lakh sq ft.
• RITES: Appointed Bibhu Nayak, Director Finance as the Chief Financial Officer with effect from July 1. Nayak to replace Parmod Narang who is superannuating on June 30.
• Nifty Earnings: Power Grid Corporation of India
• Non-Nifty Earnings: Natco Pharma, Tube Investments of India, Indostar Capital Finance, DB Corp, Jammu & Kashmir Bank, HealthCare Global Enterprises, Hindustan Media Ventures, IFB Agro Industries, Kingfa Science & Technology (India), Nava Bharat Ventures, Novartis India, Power Mech Projects
If you're going to Trade channel - Better keep an eye on these types of Setups.
Many people try to trade the Breakout.
But the real money is in the retest.
Many people try to trade the Breakout.
But the real money is in the retest.