Some Important News...
Zeel - Viacom18 and Zee Entertainment in early merger talks that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production. If the deal goes through, the promoters of Viacom18 could become among the largest shareholders of the combined entity as more than 65% of ZEEL is owned by foreign institutional investors.
Reliance Home Finance - (AIIL) emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group. The AIIL offered Rs 2,887 Cr for the deal, it said in a regulatory filing on June 20. RHFL will be 2nd NBFC to get resolved outside court after Altico Capital.
Infosys – Company says efforts are on to solve New I-T portal glitches.
PNB Housing Finance – Company defends Carlyle Group deal after Sebi halts move. The Securities and Exchange Board of India (Sebi) has asked PNB Housing Finance (PNB HFC) to keep on hold the proposal to seek the shareholders’ nod for a preferential allotment of equity until an independent valuation of shares was done.
Zeel - Viacom18 and Zee Entertainment in early merger talks that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production. If the deal goes through, the promoters of Viacom18 could become among the largest shareholders of the combined entity as more than 65% of ZEEL is owned by foreign institutional investors.
Reliance Home Finance - (AIIL) emerged as the highest bidder for Reliance Home Finance (RHF), a group company of the debt-ridden Anil Ambani-promoted Reliance Group. The AIIL offered Rs 2,887 Cr for the deal, it said in a regulatory filing on June 20. RHFL will be 2nd NBFC to get resolved outside court after Altico Capital.
Infosys – Company says efforts are on to solve New I-T portal glitches.
PNB Housing Finance – Company defends Carlyle Group deal after Sebi halts move. The Securities and Exchange Board of India (Sebi) has asked PNB Housing Finance (PNB HFC) to keep on hold the proposal to seek the shareholders’ nod for a preferential allotment of equity until an independent valuation of shares was done.
👉Morning Updates...
SEBI reconstructs takeover Panel, appoints Deloitte Indias MD n Venkatram as new member.
Bankruptcyy resolution plan takes average 400 days against intended 180-270 days: IBBI chief MS Sahoo
Gold price today at Rs 46220 per 10 gm, silver trending at Rs 67600 a kg
India has tripled its renewable energy capacity to 96GW in the past 5 years while its solar energy capacity has gone up about 15.5 times.
👉Corporate News
Trent Ltd – Consumer demand may rebound strongly in Q2 – Chairmen Noel N Tata.
PNB Housing – SEBI directs PNB Housing to temporarily hault its share sale progeamme.
Cadela Healthcare – Company likely to seek EUA for COVID vaccine next week.
Vodafone Idea – Moodys changes outlook on cos ratings to Stable, affirms ratings to BAA2.
👉 Sector in Focus – Real-estate, IT, Banks
👉 Key Results today:
21 June, 2021: Info Edge, Oil India, Renuka sugars.
👉 Key Results highlights: 18 June, 2021
NTPC
Company reported PAT of 4479Cr up 258% from 1252Cr in Q4FY20
Revenue was down 2.5% from 27247Cr to 26567Cr
Net profit for FY21 14969Cr against 11192Cr in FY21.
For FY21 Company reported highest ever power generation at 77.63Bn units
Board recommended dividend of Rs 3.15/Share.
Jubilant Industries (Negative Outlook)
Company reported PAT of 213.90Cr down 17.89% from 260.49Cr in Q4FY20
Revenue from operations was marginally up by 0.04% from 1585.84Cr to 1586.47Cr.
On yearly basis PAT was down 6.94% from 898.24Cr to 835.87Cr.
Companys Specialty Pharma segment was impacted due to COVID.
SMS Lifescience
Company reported superb 221.66% rise in PAT from 1.57Cr to 5.05Cr in Q4FY21
Re3venue from operations was up 78.83% from 46.85Cr to 83.78Cr.
On yearly basis company reported 33.1% rise in PAT from 10.18Cr to 13.55Cr in FY21
Board recommended dividend of Rs 1.5/Share.
SEBI reconstructs takeover Panel, appoints Deloitte Indias MD n Venkatram as new member.
Bankruptcyy resolution plan takes average 400 days against intended 180-270 days: IBBI chief MS Sahoo
Gold price today at Rs 46220 per 10 gm, silver trending at Rs 67600 a kg
India has tripled its renewable energy capacity to 96GW in the past 5 years while its solar energy capacity has gone up about 15.5 times.
👉Corporate News
Trent Ltd – Consumer demand may rebound strongly in Q2 – Chairmen Noel N Tata.
PNB Housing – SEBI directs PNB Housing to temporarily hault its share sale progeamme.
Cadela Healthcare – Company likely to seek EUA for COVID vaccine next week.
Vodafone Idea – Moodys changes outlook on cos ratings to Stable, affirms ratings to BAA2.
👉 Sector in Focus – Real-estate, IT, Banks
👉 Key Results today:
21 June, 2021: Info Edge, Oil India, Renuka sugars.
👉 Key Results highlights: 18 June, 2021
NTPC
Company reported PAT of 4479Cr up 258% from 1252Cr in Q4FY20
Revenue was down 2.5% from 27247Cr to 26567Cr
Net profit for FY21 14969Cr against 11192Cr in FY21.
For FY21 Company reported highest ever power generation at 77.63Bn units
Board recommended dividend of Rs 3.15/Share.
Jubilant Industries (Negative Outlook)
Company reported PAT of 213.90Cr down 17.89% from 260.49Cr in Q4FY20
Revenue from operations was marginally up by 0.04% from 1585.84Cr to 1586.47Cr.
On yearly basis PAT was down 6.94% from 898.24Cr to 835.87Cr.
Companys Specialty Pharma segment was impacted due to COVID.
SMS Lifescience
Company reported superb 221.66% rise in PAT from 1.57Cr to 5.05Cr in Q4FY21
Re3venue from operations was up 78.83% from 46.85Cr to 83.78Cr.
On yearly basis company reported 33.1% rise in PAT from 10.18Cr to 13.55Cr in FY21
Board recommended dividend of Rs 1.5/Share.
Top 4 Fund Houses in India (FY20)
🏤 SBI MF - 5.04L Cr
🏤 HDFC MF - 4.16L Cr
🏤 ICICI Pru 4.05L Cr
🏤 Birla Sun Life - 2.69L Cr
🏤 SBI MF - 5.04L Cr
🏤 HDFC MF - 4.16L Cr
🏤 ICICI Pru 4.05L Cr
🏤 Birla Sun Life - 2.69L Cr
Dividend Updates
👉🏻Kamdhenu Rs. 0.80
👉🏻HBL Power Rs. 0.35
👉🏻Bharat Dynamics Rs. 0.65
👉🏻Reliance Chemotex Industries Rs. 2
👉🏻Samkrg Pistons and Rings Rs. 5
👉🏻National Fittings Rs. 1
👉🏻GPT Infraprojects Rs. 1
👉🏻Oil India Rs. 1.50
👉🏻Atishay Rs. 0.70
👉🏻Vivid Global Rs. 0.20
👉🏻Talbros Engineering Rs. 1.50
👉🏻S P Apparels Rs. 2.25
👉🏻V S T Tillers Tractors Rs. 20
👉🏻IP Rings Rs. 1.50
👉🏻M M Forgings Rs. 5
👉🏻Pokarna Rs. 0.60
👉🏻Golkunda Diamonds & Jewellery Rs. 1.20
👉🏻Metroglobal Rs. 2
👉🏻Kamdhenu Rs. 0.80
👉🏻HBL Power Rs. 0.35
👉🏻Bharat Dynamics Rs. 0.65
👉🏻Reliance Chemotex Industries Rs. 2
👉🏻Samkrg Pistons and Rings Rs. 5
👉🏻National Fittings Rs. 1
👉🏻GPT Infraprojects Rs. 1
👉🏻Oil India Rs. 1.50
👉🏻Atishay Rs. 0.70
👉🏻Vivid Global Rs. 0.20
👉🏻Talbros Engineering Rs. 1.50
👉🏻S P Apparels Rs. 2.25
👉🏻V S T Tillers Tractors Rs. 20
👉🏻IP Rings Rs. 1.50
👉🏻M M Forgings Rs. 5
👉🏻Pokarna Rs. 0.60
👉🏻Golkunda Diamonds & Jewellery Rs. 1.20
👉🏻Metroglobal Rs. 2
Dividend Updates
👉🏻Jindal Worldwide Ltd Board approves Dividend of Rs. 0.05
👉🏻Donear Industries Ltd Board approves Dividend of Rs. 0.20
👉🏻Bharat Electronics Ltd Board approves Dividend of Rs. 1.20
👉🏻GE Power India Ltd board recommends dividend of Rs. 1
👉🏻Indian Toners and Developers Ltd board recommends dividend of Rs. 3
👉🏻Sobha Ltd Board recommends dividend of Rs. 3.50
👉🏻Gandhi Special Tubes Ltd Board approves dividend of Rs. 9
👉🏻Bombay Oxygen Investments Ltd board recommends dividend of Rs. 20
👉🏻PNB Gilts Ltd board recommends final dividend of Rs. 3
👉🏻Ashapura Minechem Ltd board recommends final dividend of Rs. 0.50
👉🏻Avanti Feeds Ltd Board recommends Final Dividend of Rs. 6.25
👉🏻Jindal Worldwide Ltd Board approves Dividend of Rs. 0.05
👉🏻Donear Industries Ltd Board approves Dividend of Rs. 0.20
👉🏻Bharat Electronics Ltd Board approves Dividend of Rs. 1.20
👉🏻GE Power India Ltd board recommends dividend of Rs. 1
👉🏻Indian Toners and Developers Ltd board recommends dividend of Rs. 3
👉🏻Sobha Ltd Board recommends dividend of Rs. 3.50
👉🏻Gandhi Special Tubes Ltd Board approves dividend of Rs. 9
👉🏻Bombay Oxygen Investments Ltd board recommends dividend of Rs. 20
👉🏻PNB Gilts Ltd board recommends final dividend of Rs. 3
👉🏻Ashapura Minechem Ltd board recommends final dividend of Rs. 0.50
👉🏻Avanti Feeds Ltd Board recommends Final Dividend of Rs. 6.25
stocks in focus
• Tata Motors: Guenter Butschek to step down as CEO & MD on June 30, to continue as consultant till the end of the financial year. Girish Wagh, President of the commercial vehicles unit also appointed as the Executive Director to the board from July 1.
• Adani Ports and SEZ: May abandon Myanmar project if it violates U.S. sanctions and will write-down investments in the project in full, the company said. The write down will not materially affect the balance sheet as it is equivalent to about 1.3% of the total assets of the company. APSEZ is in discussion with its U.S. based counsels to ensure that it is in compliance with the OFAC sanctions programs. Further, the company declined to comment on KLP Fund share sale report.
• Jaypee Infratech: Suraksha ARC wins the bid for Jaypee Infratech by a small margin. The final resolution plans of Suraksha Realty along with Lakshdeep Investments and Finance got 98.7% votes.
• HDFC: Chairman Deepak Parekh calls for regulatory clarity as housing finance companies come under RBI regulation and supervision. Difference in accounting standards used by NBFC/HFCs versus banks leading to differences in interpretation between inspectors, auditors and regulated entities, Parekh said. HFCs should be allowed to retain customers by lowering interest rate on loans, without these loans being seen as restructured. Home loan insurance and home insurance should be classified as a component of home loans.
• Reliance Industries: Fitch Ratings has upgraded the company’s foreign-currency debt rating to a level higher than India’s sovereign ranking, citing strong external debt-servicing capabilities. RIL now has a long-term foreign-currency rating of BBB, while the local-currency rating stands at BBB+.
• UCO Bank: Approved raising up to Rs 500 crore in Tier II capital.
• Orchid Pharma: Promoter Dhanuka Laboratories to sell up to 32.80 lakh shares, representing 8.04% of the total equity share capital, through an Offer for Sale. The floor price is set at Rs 375 per share. The OFS opens for non-retail investors today and for retail investors tomorrow.
• Piramal Enterprises: Board to meet on June 28 to considerraising up to Rs 1000 crore through the issue of secured NCDs on private placement basis. The base issue size will be Rs 100 crore with an oversubscription of up to Rs 900 crore..
• Union Bank of India: Extended the tenure of BS Venkatesha, General Manager as Chief Risk Officer of the bank for a further period of six months.
• Earnings: ONGC, Ashok Leyland, PTC India, Authum Investment & Infrastructure, Bodal Chemicals, Everest Kanto Cylinder, Mishra Dhatu Nigam, Nath Bio-Genes (India), Nirlon, Rushil Décor, Take Solutions, Thangamayil Jewellery, West Coast Paper Mills
• Tata Motors: Guenter Butschek to step down as CEO & MD on June 30, to continue as consultant till the end of the financial year. Girish Wagh, President of the commercial vehicles unit also appointed as the Executive Director to the board from July 1.
• Adani Ports and SEZ: May abandon Myanmar project if it violates U.S. sanctions and will write-down investments in the project in full, the company said. The write down will not materially affect the balance sheet as it is equivalent to about 1.3% of the total assets of the company. APSEZ is in discussion with its U.S. based counsels to ensure that it is in compliance with the OFAC sanctions programs. Further, the company declined to comment on KLP Fund share sale report.
• Jaypee Infratech: Suraksha ARC wins the bid for Jaypee Infratech by a small margin. The final resolution plans of Suraksha Realty along with Lakshdeep Investments and Finance got 98.7% votes.
• HDFC: Chairman Deepak Parekh calls for regulatory clarity as housing finance companies come under RBI regulation and supervision. Difference in accounting standards used by NBFC/HFCs versus banks leading to differences in interpretation between inspectors, auditors and regulated entities, Parekh said. HFCs should be allowed to retain customers by lowering interest rate on loans, without these loans being seen as restructured. Home loan insurance and home insurance should be classified as a component of home loans.
• Reliance Industries: Fitch Ratings has upgraded the company’s foreign-currency debt rating to a level higher than India’s sovereign ranking, citing strong external debt-servicing capabilities. RIL now has a long-term foreign-currency rating of BBB, while the local-currency rating stands at BBB+.
• UCO Bank: Approved raising up to Rs 500 crore in Tier II capital.
• Orchid Pharma: Promoter Dhanuka Laboratories to sell up to 32.80 lakh shares, representing 8.04% of the total equity share capital, through an Offer for Sale. The floor price is set at Rs 375 per share. The OFS opens for non-retail investors today and for retail investors tomorrow.
• Piramal Enterprises: Board to meet on June 28 to considerraising up to Rs 1000 crore through the issue of secured NCDs on private placement basis. The base issue size will be Rs 100 crore with an oversubscription of up to Rs 900 crore..
• Union Bank of India: Extended the tenure of BS Venkatesha, General Manager as Chief Risk Officer of the bank for a further period of six months.
• Earnings: ONGC, Ashok Leyland, PTC India, Authum Investment & Infrastructure, Bodal Chemicals, Everest Kanto Cylinder, Mishra Dhatu Nigam, Nath Bio-Genes (India), Nirlon, Rushil Décor, Take Solutions, Thangamayil Jewellery, West Coast Paper Mills