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NIFTY 50 | DECLINING VOLUME | LOSING STRENGTH ?
Nifty 50 - Futures and Options Analysis. The Index is losing strength and Buyers who bought at the top are now struck in a range ! Watch the Video till the end.. ! to find out what's next !
#Nifty50 #Banknifty #Futures #Options #Priceactiontrading #Sensex…
#Nifty50 #Banknifty #Futures #Options #Priceactiontrading #Sensex…
Stocks to Focus
• HDFC Life Insurance Co: Foreign promoter Standard Life (Mauritius Holdings) 2006 to sell 3.46% stake in HDFC Life for $640 million (over Rs 4,600 crore) via a block deal, according to a Bloomberg News report. Standard Life will sell 7 crore shares at Rs 658-678 apiece, which is at a discount of 2.6-5.5% to Monday’s close of Rs 696.20. After this deal, the promoter’s stake in the life insurer will reduce to 5.46% from 8.88%.
• Piramal Enterprises: Approved the allotment of 3,650 secured NCDs of face value of Rs 10 lakh each aggregating to Rs 365 crore on private placement basis.
• Punjab National Bank: Selects Ebixcash to manage Enterprise Wide Area Network.
• Ramco Systems: The company will provide its next-gen Enterprise Resource Planning software to Aden Ports Development Company at their Aden Container Terminal.
• Thomas Cook India: Has signed a deal with Shanghai Disney Resort.
• Godrej Consumer Products: ICRA has upgraded the company’s long-term rating to AAA (Stable) from AA+ (Stable) and reaffirmed its short-term rating of A1+.
• RITES: Secured anorder of approximately Rs 45 crore from Metro Express, Mauritius. The company has been awarded additional work of consultancy services for extension of the mainline, from Rose Hill to Reduit, through Ebene.
• Lloyds Metals and Energy: Approved the allotment of 9 crore shares of face value of Re 1 each, at a premium of Rs 19 each, aggregating to Rs 180 crore. Further the company will allot 1 crore 3% Optionally Fully Convertible Debentures of face value of Rs 20 each aggregating to Rs 20 crore to Thriveni Earthmovers.
•** Earnings:** Beekay Steel Industries, Balmer Lawrie Investments, DCM Shriram Industries, DREDGING Corporation Of India, EID-Parry (India), Fermenta Biotech, Finolex Cables, Gallantt Metal, Gallantt Ispat, GOCL Corporation, Gujarat Mineral Development Corporation, Hindustan Oil Exploration, Himadri Speciality Chemical, Housing & Urban Development Corporation, IND-Swift Laboratories, Indian Railway Catering and Tourism Corporation, Indian Railway Finance Corporation, MTNL, NBCC (India), Rossell India, Ruchi Soya Industries
• HDFC Life Insurance Co: Foreign promoter Standard Life (Mauritius Holdings) 2006 to sell 3.46% stake in HDFC Life for $640 million (over Rs 4,600 crore) via a block deal, according to a Bloomberg News report. Standard Life will sell 7 crore shares at Rs 658-678 apiece, which is at a discount of 2.6-5.5% to Monday’s close of Rs 696.20. After this deal, the promoter’s stake in the life insurer will reduce to 5.46% from 8.88%.
• Piramal Enterprises: Approved the allotment of 3,650 secured NCDs of face value of Rs 10 lakh each aggregating to Rs 365 crore on private placement basis.
• Punjab National Bank: Selects Ebixcash to manage Enterprise Wide Area Network.
• Ramco Systems: The company will provide its next-gen Enterprise Resource Planning software to Aden Ports Development Company at their Aden Container Terminal.
• Thomas Cook India: Has signed a deal with Shanghai Disney Resort.
• Godrej Consumer Products: ICRA has upgraded the company’s long-term rating to AAA (Stable) from AA+ (Stable) and reaffirmed its short-term rating of A1+.
• RITES: Secured anorder of approximately Rs 45 crore from Metro Express, Mauritius. The company has been awarded additional work of consultancy services for extension of the mainline, from Rose Hill to Reduit, through Ebene.
• Lloyds Metals and Energy: Approved the allotment of 9 crore shares of face value of Re 1 each, at a premium of Rs 19 each, aggregating to Rs 180 crore. Further the company will allot 1 crore 3% Optionally Fully Convertible Debentures of face value of Rs 20 each aggregating to Rs 20 crore to Thriveni Earthmovers.
•** Earnings:** Beekay Steel Industries, Balmer Lawrie Investments, DCM Shriram Industries, DREDGING Corporation Of India, EID-Parry (India), Fermenta Biotech, Finolex Cables, Gallantt Metal, Gallantt Ispat, GOCL Corporation, Gujarat Mineral Development Corporation, Hindustan Oil Exploration, Himadri Speciality Chemical, Housing & Urban Development Corporation, IND-Swift Laboratories, Indian Railway Catering and Tourism Corporation, Indian Railway Finance Corporation, MTNL, NBCC (India), Rossell India, Ruchi Soya Industries
Stocks in focus
• Cipla, Dr. Reddy’s Laboratories, Emcure Pharmaceuticals, Sun Pharmaceutical Industries and Torrent Pharmaceuticals will collaborate for clinical trial of investigational anti-viral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting. The companies will jointly sponsor, supervise and monitor the clinical trial in India; trial expected to take place between June and September this year across the country with the recruitment of 1,200 patients.
• AstraZeneca Pharma India: Told to pay Rs 157 crore by National Pharmaceutical Pricing Authority. NPPA issued the demand notice to AstraZeneca India alleging the company overcharged the same amount in the sale of Tagrisso tablets from March 8, 2019 to January 31, 2021. AstraZeneca said it has followed all applicable laws related to pricing of its product. The drugmaker has filed a petition in Delhi high court challenging the NPPA notice.
• Reliance Industries: Has partnered with Abu Dhabi National Oil Company to set up a new petrochemical complex in Ruwais, Abu Dhabi. This will be a new chlor-alkali, ethylene dichloride and polyvinyl chloride production facility. The project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ. Under the terms of the agreement, this integrated plant will have a capacity to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually.
• Cipla: Is supporting Moderna Inc. with the regulatory approval and importation of vaccines to be donated to India. At this stage, there is no definitive agreement on commercial supplies.
• Bharti Airtel: Bharti Global to invest additional $500 million in OneWeb, a U.K.-based satellite start-up. Bharti Global will become the biggest shareholder in OneWeb following the investment, according to a Financial Times report. Bharti’s stake now stands at almost 39%; U.K. government, Eutelsat and SoftBank each hold slightly over 19% in the company.
• Induslnd Bank: Sold 70.67 lakh equity shares of McLeod Russel India on June 28.
• CG Power and Industrial Solutions: CBI has registered an FIR against the company, its erstwhile promoters and some of the past directors/officials. The FIR is based on a complaint filed by State Bank of India on behalf of all the former lenders of the company. The company is extending full support and co-operation to CBI, it said in an exchange filing.
• Isgec Heavy Engineering: Received an order for Wet Limestone Flue Gas Desulphurisation System and Flue Gas Conditioning System Package from Odisha Power Generation Corporation for their Thermal Power Station at Banharpalli.
• DCM Shriram Industries: Approved sub-division of existing one share of face value of Rs 10 each into five shares of face value of Rs 2 each. This is being done to improve the liquidity of the company's shares on the stock market and to make the same available to small investors.
• NBCC (India): Has been awarded the work order for engagement as Project Management Consultant for undertaking various civil works of Odisha Hydro Power Corporation.
• Earnings: SpiceJet, Vodafone Idea, Balu Forge Industries, Anant Raj, BF Utilities, Cerebra Integrated Technologies, Coffee Day Enterprises, Dish TV India, IRCON International, Sadbhav Engineering, Srei Infrastructure Finance, Sequent Scientific, Jain Irrigation Systems, Rajesh Exports
• Cipla, Dr. Reddy’s Laboratories, Emcure Pharmaceuticals, Sun Pharmaceutical Industries and Torrent Pharmaceuticals will collaborate for clinical trial of investigational anti-viral drug Molnupiravir for the treatment of mild Covid-19 in an outpatient setting. The companies will jointly sponsor, supervise and monitor the clinical trial in India; trial expected to take place between June and September this year across the country with the recruitment of 1,200 patients.
• AstraZeneca Pharma India: Told to pay Rs 157 crore by National Pharmaceutical Pricing Authority. NPPA issued the demand notice to AstraZeneca India alleging the company overcharged the same amount in the sale of Tagrisso tablets from March 8, 2019 to January 31, 2021. AstraZeneca said it has followed all applicable laws related to pricing of its product. The drugmaker has filed a petition in Delhi high court challenging the NPPA notice.
• Reliance Industries: Has partnered with Abu Dhabi National Oil Company to set up a new petrochemical complex in Ruwais, Abu Dhabi. This will be a new chlor-alkali, ethylene dichloride and polyvinyl chloride production facility. The project will be constructed in the TA’ZIZ Industrial Chemicals Zone, which is a joint venture between ADNOC and ADQ. Under the terms of the agreement, this integrated plant will have a capacity to produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually.
• Cipla: Is supporting Moderna Inc. with the regulatory approval and importation of vaccines to be donated to India. At this stage, there is no definitive agreement on commercial supplies.
• Bharti Airtel: Bharti Global to invest additional $500 million in OneWeb, a U.K.-based satellite start-up. Bharti Global will become the biggest shareholder in OneWeb following the investment, according to a Financial Times report. Bharti’s stake now stands at almost 39%; U.K. government, Eutelsat and SoftBank each hold slightly over 19% in the company.
• Induslnd Bank: Sold 70.67 lakh equity shares of McLeod Russel India on June 28.
• CG Power and Industrial Solutions: CBI has registered an FIR against the company, its erstwhile promoters and some of the past directors/officials. The FIR is based on a complaint filed by State Bank of India on behalf of all the former lenders of the company. The company is extending full support and co-operation to CBI, it said in an exchange filing.
• Isgec Heavy Engineering: Received an order for Wet Limestone Flue Gas Desulphurisation System and Flue Gas Conditioning System Package from Odisha Power Generation Corporation for their Thermal Power Station at Banharpalli.
• DCM Shriram Industries: Approved sub-division of existing one share of face value of Rs 10 each into five shares of face value of Rs 2 each. This is being done to improve the liquidity of the company's shares on the stock market and to make the same available to small investors.
• NBCC (India): Has been awarded the work order for engagement as Project Management Consultant for undertaking various civil works of Odisha Hydro Power Corporation.
• Earnings: SpiceJet, Vodafone Idea, Balu Forge Industries, Anant Raj, BF Utilities, Cerebra Integrated Technologies, Coffee Day Enterprises, Dish TV India, IRCON International, Sadbhav Engineering, Srei Infrastructure Finance, Sequent Scientific, Jain Irrigation Systems, Rajesh Exports
Upcoming Q1 Result dates:
TCS- 8 july
Infy- 14 july
LTTS-14 july
LTI- 15 july
HdfcAMC- 16 July
Hdfcbank- 17july
Hdfclife- 19 July
Bajfinance- 20July
Bajajfinsv- 21 July
Glandpharma- 21July
Bajajauto- 22 July
Mphasis- 22July
JSWSTEEL- 23July
Icicibank- 24 July
Axisbank- 26 July
Navinfluor- 26July
RBL - 26July
Drreddy - 27 July
TCS- 8 july
Infy- 14 july
LTTS-14 july
LTI- 15 july
HdfcAMC- 16 July
Hdfcbank- 17july
Hdfclife- 19 July
Bajfinance- 20July
Bajajfinsv- 21 July
Glandpharma- 21July
Bajajauto- 22 July
Mphasis- 22July
JSWSTEEL- 23July
Icicibank- 24 July
Axisbank- 26 July
Navinfluor- 26July
RBL - 26July
Drreddy - 27 July
Stocks To Focus
• Indian Oil Corporation: Accorded stage-1 approval for implementation of Styrene Monomer Project at an estimated cost of Rs 4,495 crore, at the company’s Panipat refinery and petrochemical complex. This will be the first production unit for styrene in India with a capacity of 387,000 MTPA. The unit is expected to be commissioned by 2026-27.
• Union Bank of India: Approved a plan to raise up to Rs 9,700 crore through a mix of both equity and debt. The lender will raise Rs 3,500 crore through an equity issuance including to the government. The board also approved raising Rs 6,200 crore through a bond issue.
• Adani Group has achieved its target to set up 25 gigawatts of renewable energy capacities in India, four years ahead of the schedule, Chairman Gautam Adani said during the India Global Forum 2021. Our green energy arm is on track to be the world's largest renewable energy company by 2030, he added. The group also plans to double its solar cell and module manufacturing capacity to 4GW and expand the domestic manufacturing ecosystem for its renewables business, including a new wind turbine manufacturing cluster in Mundra. Further, the Competition Commission of India on June 30 approved proposed acquisition of the entire shareholding of SB Energy by the Adani Green Energy.
• Dr.Reddy's Laboratories: Journey Medical Corporation has entered into a definitive agreement with the company to develop and commercialize DFD-29 for the treatment of Rosacea, according to a Bloomberg report. Journey Medical and Dr. Reddy’s will conduct two Phase 3 clinical trials to assess the efficacy, safety and tolerability or oral minocycline for regulatory approval.
• Piramal Enterprises: Board to meet on July 5 to consider the issue of secured NCDs of up to Rs 50 crore along with an option to retain oversubscription up to Rs 585 crore, on private placement basis.
• DCM Shriram Industries: Appointed Vineet Manaktala as the Director Finance and CFO with effect from July 1, for a period of three years. Manaktala will replace NK Jain who is set to retire
• Indian Oil Corporation: Accorded stage-1 approval for implementation of Styrene Monomer Project at an estimated cost of Rs 4,495 crore, at the company’s Panipat refinery and petrochemical complex. This will be the first production unit for styrene in India with a capacity of 387,000 MTPA. The unit is expected to be commissioned by 2026-27.
• Union Bank of India: Approved a plan to raise up to Rs 9,700 crore through a mix of both equity and debt. The lender will raise Rs 3,500 crore through an equity issuance including to the government. The board also approved raising Rs 6,200 crore through a bond issue.
• Adani Group has achieved its target to set up 25 gigawatts of renewable energy capacities in India, four years ahead of the schedule, Chairman Gautam Adani said during the India Global Forum 2021. Our green energy arm is on track to be the world's largest renewable energy company by 2030, he added. The group also plans to double its solar cell and module manufacturing capacity to 4GW and expand the domestic manufacturing ecosystem for its renewables business, including a new wind turbine manufacturing cluster in Mundra. Further, the Competition Commission of India on June 30 approved proposed acquisition of the entire shareholding of SB Energy by the Adani Green Energy.
• Dr.Reddy's Laboratories: Journey Medical Corporation has entered into a definitive agreement with the company to develop and commercialize DFD-29 for the treatment of Rosacea, according to a Bloomberg report. Journey Medical and Dr. Reddy’s will conduct two Phase 3 clinical trials to assess the efficacy, safety and tolerability or oral minocycline for regulatory approval.
• Piramal Enterprises: Board to meet on July 5 to consider the issue of secured NCDs of up to Rs 50 crore along with an option to retain oversubscription up to Rs 585 crore, on private placement basis.
• DCM Shriram Industries: Appointed Vineet Manaktala as the Director Finance and CFO with effect from July 1, for a period of three years. Manaktala will replace NK Jain who is set to retire
These 14 IT - Software Stocks Hit
52 Week-High In Yesterday.
~Persistent 2900
~Sonata 769
~Tata Elxsi 4322
~Sasken 1198
~Saksoft 606
~Infobean 444
~Happiest 1004
~Cigniti 637
~Coforge 4174
~Infy 1591
~Mindtree 2611
~Mphasis 2137
~Newgen 658
~Expleo 869
52 Week-High In Yesterday.
~Persistent 2900
~Sonata 769
~Tata Elxsi 4322
~Sasken 1198
~Saksoft 606
~Infobean 444
~Happiest 1004
~Cigniti 637
~Coforge 4174
~Infy 1591
~Mindtree 2611
~Mphasis 2137
~Newgen 658
~Expleo 869