Stocks To Focus
• Kotak Mahindra Bank: Shareholders will see a significant shift in Kotak Mahindra Bank Ltd.'s approach, with "greater aggression" and sharper execution, Uday Kotak said in the annual report for 2020-21. “We'll not shy away from taking bolder bets,” he added. The private lender sees this as the right time to experiment more and concentrate on segments it deems as offering the best opportunities for returns. The bank will increase investments in strengthening its digital and technology platforms and offerings.
• Privi Specialty Chemicals: Signed a joint venture agreement with Givaudan SA, the global leader in fragrance creation, to set up a new greenfield production facility in Mahad. The facility will have state of the art manufacturing equipment tailor made to manufacture small-volume fragrance ingredients of medium to high complexity, also known as specialty ingredients, the company said. Privi will hold 51% of the equity capital of the joint venture company.
• Mangalore Refinery and Petrochemicals: Approved raising up to Rs 5,000 crore through issue of NCDs. Enhanced borrowing powers to Rs 33,500 crore from Rs 25,000 crore.
• Hindalco Industries: CRISIL Ratings has upgraded its rating on the non-convertible debentures of the company to AA+/stable from AA/positive.
• R Systems International: To consider share buyback on August 6.
• Kotak Mahindra Bank: Shareholders will see a significant shift in Kotak Mahindra Bank Ltd.'s approach, with "greater aggression" and sharper execution, Uday Kotak said in the annual report for 2020-21. “We'll not shy away from taking bolder bets,” he added. The private lender sees this as the right time to experiment more and concentrate on segments it deems as offering the best opportunities for returns. The bank will increase investments in strengthening its digital and technology platforms and offerings.
• Privi Specialty Chemicals: Signed a joint venture agreement with Givaudan SA, the global leader in fragrance creation, to set up a new greenfield production facility in Mahad. The facility will have state of the art manufacturing equipment tailor made to manufacture small-volume fragrance ingredients of medium to high complexity, also known as specialty ingredients, the company said. Privi will hold 51% of the equity capital of the joint venture company.
• Mangalore Refinery and Petrochemicals: Approved raising up to Rs 5,000 crore through issue of NCDs. Enhanced borrowing powers to Rs 33,500 crore from Rs 25,000 crore.
• Hindalco Industries: CRISIL Ratings has upgraded its rating on the non-convertible debentures of the company to AA+/stable from AA/positive.
• R Systems International: To consider share buyback on August 6.
Rolex Rings IPO Final Day :
IPO subscribed 12.35 Times at 11:22 Am
Sail may raise prices of long and flat products by atleast Rs 1000/ton from Aug 1: Sources to Reuters
IPO subscribed 12.35 Times at 11:22 Am
Sail may raise prices of long and flat products by atleast Rs 1000/ton from Aug 1: Sources to Reuters
Dividend Updates
👉🏻Dr. Lal PathLabs Ltd Board declares Interim Dividend of Rs. 6
👉🏻India Grid Trust declares distribution of Rs. 3.18
👉🏻Dr. Lal PathLabs Ltd Board declares Interim Dividend of Rs. 6
👉🏻India Grid Trust declares distribution of Rs. 3.18
Stocks To Focus
• Tata Motors: Plans to increase the share of electric vehicles from 2% of the portfolio to 25% in the medium to long term, said Chairman N Chandrasekaran at the AGM. The company plans to launch 10 EV models before 2025. Further, the supply issues emerging from the semiconductor crunch and pandemic will hit the company’s production volumes, sales, cash flow and margins in the near-term, said Chandrasekaran. Expect the situation to improve in the second half of the ongoing financial year. The company is also on path to wiping out its debt by FY24. In FY21 we were able to reduce debt by over Rs 7,500 crore, he added.
• Coforge: Approved raising up to Rs 375 crore via share issue. It has also approved issuance of depository receipts in one or more tranches.
• Torrent Power: Entered into a Securities Purchase Agreement for acquisition of 100% of the share capital and all securities of LREHL Renewables India SPV 1 from Lightsource India and Lightsource Renewable Energy. The acquisition will cost company approximately Rs 317 crore and is expected to be completed in 2 months.
• Vedanta: Commenced winding-off operations at oxygen plant in Thoothukudi on July 30 to allow enough time for the defrosting process before the date indicated by the Supreme Court. As per the apex court's order on April 27, Vedanta has completed the three-month duration granted by the court to operate the oxygen plant until July 31. The company’s application for extension of the facility for a period of 6 months, is listed to be heard by the Supreme Court on August 6. The company said it is optimistic of further orders from the Supreme Court on resuming production.
• Info Edge (India): Invested Rs 7 crore in 4B Networks, through its wholly owned subsidiary, to increase its shareholding in the company to 19.9% from 12.3%. The company has agreed to acquire additional 1,358 Compulsorily Convertible Preference Shares of 4B Networks.
• Den Networks: The company and its wholly owned subsidiary, Futuristic Media and Entertainment, have sold their entire holding of 1.57 crore equity shares in CCN DEN Network, representing 51% of the equity share capital, to Virender Gaur and Mayank Gaur (the remaining shareholders) for Rs 8.67 crore.
• Hero MotoCorp: Commenced retail sales in Mexico. The company has introduced an extensive portfolio of products, including motorcycles and a scooter, thereby catering to the diverse segments of customers. The product portfolio will be available across the country through the retail arm of the distributor, agencies, and dealers, and will have attractive financing options, the company said.
• Atul Auto: Received approval from RBI for acquisition of equity shares of Khushbu Auto Finance.
• ITC: Wimco has become a wholly owned subsidiary of the company with effect from July 29, consequent to reduction of equity share capital of that company becoming effective upon receipt of necessary approvals, the company said.
• Earnings: HDFC, Punjab National Bank, Emami, Castrol India, RBL Bank, Carborundum Universal, CG Power and Industrial Solutions, Orient Cement, Varun Beverages, Ajmera Realty & Infra India, Shree Renuka Sugars, Avadh Sugar & Energy, Balaji Amines, Capri Global Capital, JMC Projects (India), IFB Agro Industries, Kalyani Steels, Mangalore Chemicals & Fertilizers, Nahar Capital & Financial Services, Nahar Polyfilms, Nahar Spinning Mills, Asian Star Co
• Tata Motors: Plans to increase the share of electric vehicles from 2% of the portfolio to 25% in the medium to long term, said Chairman N Chandrasekaran at the AGM. The company plans to launch 10 EV models before 2025. Further, the supply issues emerging from the semiconductor crunch and pandemic will hit the company’s production volumes, sales, cash flow and margins in the near-term, said Chandrasekaran. Expect the situation to improve in the second half of the ongoing financial year. The company is also on path to wiping out its debt by FY24. In FY21 we were able to reduce debt by over Rs 7,500 crore, he added.
• Coforge: Approved raising up to Rs 375 crore via share issue. It has also approved issuance of depository receipts in one or more tranches.
• Torrent Power: Entered into a Securities Purchase Agreement for acquisition of 100% of the share capital and all securities of LREHL Renewables India SPV 1 from Lightsource India and Lightsource Renewable Energy. The acquisition will cost company approximately Rs 317 crore and is expected to be completed in 2 months.
• Vedanta: Commenced winding-off operations at oxygen plant in Thoothukudi on July 30 to allow enough time for the defrosting process before the date indicated by the Supreme Court. As per the apex court's order on April 27, Vedanta has completed the three-month duration granted by the court to operate the oxygen plant until July 31. The company’s application for extension of the facility for a period of 6 months, is listed to be heard by the Supreme Court on August 6. The company said it is optimistic of further orders from the Supreme Court on resuming production.
• Info Edge (India): Invested Rs 7 crore in 4B Networks, through its wholly owned subsidiary, to increase its shareholding in the company to 19.9% from 12.3%. The company has agreed to acquire additional 1,358 Compulsorily Convertible Preference Shares of 4B Networks.
• Den Networks: The company and its wholly owned subsidiary, Futuristic Media and Entertainment, have sold their entire holding of 1.57 crore equity shares in CCN DEN Network, representing 51% of the equity share capital, to Virender Gaur and Mayank Gaur (the remaining shareholders) for Rs 8.67 crore.
• Hero MotoCorp: Commenced retail sales in Mexico. The company has introduced an extensive portfolio of products, including motorcycles and a scooter, thereby catering to the diverse segments of customers. The product portfolio will be available across the country through the retail arm of the distributor, agencies, and dealers, and will have attractive financing options, the company said.
• Atul Auto: Received approval from RBI for acquisition of equity shares of Khushbu Auto Finance.
• ITC: Wimco has become a wholly owned subsidiary of the company with effect from July 29, consequent to reduction of equity share capital of that company becoming effective upon receipt of necessary approvals, the company said.
• Earnings: HDFC, Punjab National Bank, Emami, Castrol India, RBL Bank, Carborundum Universal, CG Power and Industrial Solutions, Orient Cement, Varun Beverages, Ajmera Realty & Infra India, Shree Renuka Sugars, Avadh Sugar & Energy, Balaji Amines, Capri Global Capital, JMC Projects (India), IFB Agro Industries, Kalyani Steels, Mangalore Chemicals & Fertilizers, Nahar Capital & Financial Services, Nahar Polyfilms, Nahar Spinning Mills, Asian Star Co
Sun Pharma - Most of the Trades now a days are breakouts.. Sign of a Bubble..
Trend contraction | Beware of this if you're #trading the #trend !
https://youtu.be/zDmEql6BIkE - Must Watch...
https://youtu.be/zDmEql6BIkE - Must Watch...
YouTube
TREND CONTRACTION | BEWARE OF THIS IF YOU'RE TRADING THE TREND !
If you're Trend Trader then you must watch this Video. This Price Action Trading concept can help you to protect your capital and increase your returns. Expalined with an Example from HDFC Stock Prices and SBI Stock Prices,
#Priceaction #Trading #Stocks…
#Priceaction #Trading #Stocks…
Stocks To Watch
• NCC: Received four new orders totalling to Rs 1,679 crore in July. Out of the total orders, one order valuing Rs 732 crore pertains to Building Division and two orders valuing Rs 730 crore pertain to Water & Environment Division and one order valuing Rs 217 crore pertains to Electrical Division. These orders were received from state government agencies.
• Indian Oil Corporation: To consider monetising some existing fuel stations through Indianoil Petronas Pvt, but won’t sell “lock, stock and barrel,” Sandeep Kumar Gupta, finance director at fuel retailer said during the conference call. Indianoil Petronas, a joint venture between Indian Oil and Malaysia’s Petronas, seeks to expand into retailing of natural gas, gasoline, and diesel. The JV is also looking at setting up new retail outlets and wayside facilities on highways. As part of asset monetisation, Indian Oil also plans to sell 2 hydrogen gas units at its Gujarat refinery during 2021-22 and 5 more next year. The company’s gross borrowing as of June 30 was Rs 85,730 crore.
• VA Tech Wabag: Secured an engineering and procurement order worth $165 million (about Rs 1,230 crore) from Amur Gas Chemical Complex LLC., in Russia. With this order the company has further consolidated its market position in the oil & gas sector. Wabag will be the technology and system integrator for the Integrated Treatment Facilities (Wastewater Treatment unit). It will deploy advanced technologies to treat wastewater streams.
• Tata Motors: To increase prices on an average by 0.8%, depending on the variant and model, effective August 3. The company will offer price protection on all retail till August 31. This is the third price hike by Tata Motors this year due to increase in commodity costs.
• Computer Age Management Services: Appointed Anuj Kumar as the Managing Director for a period of 5 years effective August 1 and SR Ram Charan as the Chief Financial Officer.
• Minda Industries: Board approved launch of QIP issue on Monday. The floor price of Rs 734.84 per equity share is at a discount of 2.50% to Monday’s closing price.
• Reliance Industries: The company has invested Rs 1 lakh in Reliance New Solar Energy Limited, a newly incorporated wholly owned subsidiary. RNSEL is incorporated to undertake activities relating to solar energy.
• V-Mart Retail: The company has opened three new stores in Uttar Pradesh and one store in of Rajasthan. With this the total number of V-Mart stores now stands at 286 as of August 1.
• Adani Ports and SEZ: The company has raised $750 million in two tranches by allotment of fixed rate senior unsecured notes. The said Notes are expected to be listed on Singapore Exchange Securities Trading Limited and the India International Exchange Limited.
• NCC: Received four new orders totalling to Rs 1,679 crore in July. Out of the total orders, one order valuing Rs 732 crore pertains to Building Division and two orders valuing Rs 730 crore pertain to Water & Environment Division and one order valuing Rs 217 crore pertains to Electrical Division. These orders were received from state government agencies.
• Indian Oil Corporation: To consider monetising some existing fuel stations through Indianoil Petronas Pvt, but won’t sell “lock, stock and barrel,” Sandeep Kumar Gupta, finance director at fuel retailer said during the conference call. Indianoil Petronas, a joint venture between Indian Oil and Malaysia’s Petronas, seeks to expand into retailing of natural gas, gasoline, and diesel. The JV is also looking at setting up new retail outlets and wayside facilities on highways. As part of asset monetisation, Indian Oil also plans to sell 2 hydrogen gas units at its Gujarat refinery during 2021-22 and 5 more next year. The company’s gross borrowing as of June 30 was Rs 85,730 crore.
• VA Tech Wabag: Secured an engineering and procurement order worth $165 million (about Rs 1,230 crore) from Amur Gas Chemical Complex LLC., in Russia. With this order the company has further consolidated its market position in the oil & gas sector. Wabag will be the technology and system integrator for the Integrated Treatment Facilities (Wastewater Treatment unit). It will deploy advanced technologies to treat wastewater streams.
• Tata Motors: To increase prices on an average by 0.8%, depending on the variant and model, effective August 3. The company will offer price protection on all retail till August 31. This is the third price hike by Tata Motors this year due to increase in commodity costs.
• Computer Age Management Services: Appointed Anuj Kumar as the Managing Director for a period of 5 years effective August 1 and SR Ram Charan as the Chief Financial Officer.
• Minda Industries: Board approved launch of QIP issue on Monday. The floor price of Rs 734.84 per equity share is at a discount of 2.50% to Monday’s closing price.
• Reliance Industries: The company has invested Rs 1 lakh in Reliance New Solar Energy Limited, a newly incorporated wholly owned subsidiary. RNSEL is incorporated to undertake activities relating to solar energy.
• V-Mart Retail: The company has opened three new stores in Uttar Pradesh and one store in of Rajasthan. With this the total number of V-Mart stores now stands at 286 as of August 1.
• Adani Ports and SEZ: The company has raised $750 million in two tranches by allotment of fixed rate senior unsecured notes. The said Notes are expected to be listed on Singapore Exchange Securities Trading Limited and the India International Exchange Limited.
#Stocks Giving Positive news:
PNB
Minda IND
Adani Ent
Tata Motors
Bank of Maharashtra
Textile Cos
JMC Projects
VA Tech Wabag
PNB
Minda IND
Adani Ent
Tata Motors
Bank of Maharashtra
Textile Cos
JMC Projects
VA Tech Wabag