Positive stocks.
Coal india
Eicher motors
Vedanta
SPARC
Autos
CEAT
Dhunseri
Minda corp
Mphasis
Jet Airways
Negative stocks
Hero Moto
Glenmark life
Hind zinc
Coal india
Eicher motors
Vedanta
SPARC
Autos
CEAT
Dhunseri
Minda corp
Mphasis
Jet Airways
Negative stocks
Hero Moto
Glenmark life
Hind zinc
Stocks To focus
• Vedanta: Board has approved first interim dividend of Rs 18.50 per equity share for the financial year 2021-22. The interim dividend amounts to Rs 6,877 crore for the financial year. The record date for the purpose of payment of dividend is September 9, 2021.
• Hindustan Zinc: Extended the shutdown of one of the roasters at Chanderiya lead zinc smelter for repair and overhaul of many major structural components to avoid any operational risk in the future. The shutdown will result in loss of production of about 25,000 ton of zinc. The company expects roaster to be operational by mid of October 2021.
• Wipro: Appointed Mohammed Areff as the Country Head and Managing Director for the Middle East. Areff will focus on Wipro’s vision for business growth, localisation, brand building and significant transformational and modernisation engagements with clients in key sectors across the region, the company said.
• State Bank of India: Raised Rs 4,000 crore via local AT-1 bond issue. SBI raised funds at coupon rate of 7.72%. Bank received over Rs 10,000 crore in bids.
• Indian Bank: The Central government has appointed SL Jain as Managing Director and Chief Executive Director of the bank for a period of three years with effect from September 1.
• Mphasis: Board has approved re-appointment of Nitin Rakesh as the Chief Executive Officer and appointment as the Managing Director of the company for a period of 5 years with effect from October 1, 2021
• IIFL Wealth Management: Appointed Sanjay Wadhwa as Chief Financial Officer of the company with effect from September 2. Wadhwa will replace Mihir Nanavati who resigned from the role effective September 1.
• Minda Corporation: The wholly owned subsidiary of the company, Spark Minda Green Mobility Systems, has entered into definitive agreements for acquiring 26% equity stake in EVQPOINT Solutions. The investment will see Spark Minda Group, become EVQPOINT’s exclusive technology and manufacturing partner for battery chargers and EV supply equipment. This partnership with EVQPoint is meant to strengthen the Spark Minda Group’s EV supply equipment portfolio and offer battery chargers for both onboard and offboard configurations in the range of 250 W to 6.6 KW, with a roadmap for further range expansion, said Executive Director Aakash Minda.
• Aditya Birla Fashion and Retail: To raise up to Rs 400 crore by issuing 4,000 unsecured NCDs of face value of Rs 10 lakh each on private placement basis, on or after September 8.
• Kitex Garments: Telangana government has approved Rs 1,000 crore expansion plan of the company.
• Kotak Mahindra Bank: Completed the sale of 20 crore equity shares, 8.57% shareholding on a fully diluted basis, of Airtel Payments Bank to Bharti Enterprises for Rs 294.8 crore.
• Axis Bank: The RBI has imposed a penalty of Rs 25 lakh on the bank for contravention of certain provisions of KYC norms.
• Coal India: Production in August up 14.6% year-on-year to 42.6 MT versus 37.2 MT. Offtake up 9.5% year-on-year to 48.6 MT versus 44.4 MT.
• GRM Overseas: Approved appointment of Vedant Garg as Chief Financial Officer with effect from September 29. Garg will replace Rattan Lal Mittal, who will step down from the position from closing of business hours on September 28.
• Grasim Industries: Board has approved appointment of Hari Krishna Agarwal, as the Managing Director of the company for a period of two years with effect from December 1, 2021. Agarwal will replace Dilip Gaur who will retire on November 30.
• IFGL Refractories: Completed the first phase of greenfield project being set up at industrial park in Andhra Pradesh at a cost of about Rs 30 crore. The company has started commercial production of Monolithics and Castables. Installed capacity is 48,000 MT per annum.
• Vedanta: Board has approved first interim dividend of Rs 18.50 per equity share for the financial year 2021-22. The interim dividend amounts to Rs 6,877 crore for the financial year. The record date for the purpose of payment of dividend is September 9, 2021.
• Hindustan Zinc: Extended the shutdown of one of the roasters at Chanderiya lead zinc smelter for repair and overhaul of many major structural components to avoid any operational risk in the future. The shutdown will result in loss of production of about 25,000 ton of zinc. The company expects roaster to be operational by mid of October 2021.
• Wipro: Appointed Mohammed Areff as the Country Head and Managing Director for the Middle East. Areff will focus on Wipro’s vision for business growth, localisation, brand building and significant transformational and modernisation engagements with clients in key sectors across the region, the company said.
• State Bank of India: Raised Rs 4,000 crore via local AT-1 bond issue. SBI raised funds at coupon rate of 7.72%. Bank received over Rs 10,000 crore in bids.
• Indian Bank: The Central government has appointed SL Jain as Managing Director and Chief Executive Director of the bank for a period of three years with effect from September 1.
• Mphasis: Board has approved re-appointment of Nitin Rakesh as the Chief Executive Officer and appointment as the Managing Director of the company for a period of 5 years with effect from October 1, 2021
• IIFL Wealth Management: Appointed Sanjay Wadhwa as Chief Financial Officer of the company with effect from September 2. Wadhwa will replace Mihir Nanavati who resigned from the role effective September 1.
• Minda Corporation: The wholly owned subsidiary of the company, Spark Minda Green Mobility Systems, has entered into definitive agreements for acquiring 26% equity stake in EVQPOINT Solutions. The investment will see Spark Minda Group, become EVQPOINT’s exclusive technology and manufacturing partner for battery chargers and EV supply equipment. This partnership with EVQPoint is meant to strengthen the Spark Minda Group’s EV supply equipment portfolio and offer battery chargers for both onboard and offboard configurations in the range of 250 W to 6.6 KW, with a roadmap for further range expansion, said Executive Director Aakash Minda.
• Aditya Birla Fashion and Retail: To raise up to Rs 400 crore by issuing 4,000 unsecured NCDs of face value of Rs 10 lakh each on private placement basis, on or after September 8.
• Kitex Garments: Telangana government has approved Rs 1,000 crore expansion plan of the company.
• Kotak Mahindra Bank: Completed the sale of 20 crore equity shares, 8.57% shareholding on a fully diluted basis, of Airtel Payments Bank to Bharti Enterprises for Rs 294.8 crore.
• Axis Bank: The RBI has imposed a penalty of Rs 25 lakh on the bank for contravention of certain provisions of KYC norms.
• Coal India: Production in August up 14.6% year-on-year to 42.6 MT versus 37.2 MT. Offtake up 9.5% year-on-year to 48.6 MT versus 44.4 MT.
• GRM Overseas: Approved appointment of Vedant Garg as Chief Financial Officer with effect from September 29. Garg will replace Rattan Lal Mittal, who will step down from the position from closing of business hours on September 28.
• Grasim Industries: Board has approved appointment of Hari Krishna Agarwal, as the Managing Director of the company for a period of two years with effect from December 1, 2021. Agarwal will replace Dilip Gaur who will retire on November 30.
• IFGL Refractories: Completed the first phase of greenfield project being set up at industrial park in Andhra Pradesh at a cost of about Rs 30 crore. The company has started commercial production of Monolithics and Castables. Installed capacity is 48,000 MT per annum.
Cement stocks : Sources says Cement co. s price hiked in Andhara & Telengana state (Possitive)
Stocks To focus
• Reliance Industries Ltd: Reliance Retail Ventures has acquired sole control of Just Dial. Just Dial on September 1 allotted 2.12 crore equity shares at a price of Rs 1,022.25 per equity share to Reliance Retail, representing 25.35% of Just Dial’s paid-up share capital. Move follows acquisition of 1.31 crore shares, representing 15.63% of Just Dial shares on July 20. Reliance Retail now holds 40.98% in Just Dial.
• Granules India: The company has received licence from Defence Research & Development Organisation, Ministry of Defence, to manufacture and market 2-Deoxy-D-Glucose. Developed by DRDO, 2-DG has been granted permission by Drug Controller General of India for emergency use as adjunct therapy in moderate to severe Covid-19 patients.
• IRB Infrastructure Developers: The company has emerged as a preferred bidder for the construction of six lanes of 20.060 kms, Pondavakkam to Kannigaipair stretch, on the upcoming Chittoor – Thachur Highway in Tamil Nadu at the cost outlay of Rs 909 crore. The company bid Rs 844.14 crore for the highway project. The construction is expected to be completed in 730 days.
• RailTel Corporation of India: The company has received a contract from Directorate of Information Technology, Indian Air Force for implementation of secure OPS Network for value of Rs 299.95 crore. The work is expected to be completed over a period of 12 months.
• Jammu & Kashmir Bank: Approved raising of equity share capital up to Rs 1000 crore in one or more tranches by way of rights issue/peferential allotment/private placement/QIP or any other approved mode. The bank also approved raising up to Rs 1000 crore via bonds.
• OnMobile Global: A branch of the company in Panama has been dissolved effective August 31.
• Rossari Biotech: The company has completed the acquisition of the first tranche of 76% of the total equity share capital (on a fully diluted basis) of Tristar Intermediates on September 1.
• Hindustan Aeronautics: Board to consider sub-division of equity shares on Sept. 21.
• Jain Irrigation: Board meeting on Sept. 7 to consider fund raising plan
• MT Educare (MTEL): Defaults on repayment of interest and principal
• AGMs: PNB Housing Finance (3 p.m.); Macrotech Developers (3:30 p.m.); AlA Engineering (10 a.m.); Multi Commodity Exchange (11:30 a.m.); Edelweiss Financial Services (4 p.m.); Strides Pharma (12:30 p.m.); Kalyani Steels (11 a.m.); Electrosteel Castings (1:30 a.m.); Indo Count Industries (12:30 p.m.)
• Reliance Industries Ltd: Reliance Retail Ventures has acquired sole control of Just Dial. Just Dial on September 1 allotted 2.12 crore equity shares at a price of Rs 1,022.25 per equity share to Reliance Retail, representing 25.35% of Just Dial’s paid-up share capital. Move follows acquisition of 1.31 crore shares, representing 15.63% of Just Dial shares on July 20. Reliance Retail now holds 40.98% in Just Dial.
• Granules India: The company has received licence from Defence Research & Development Organisation, Ministry of Defence, to manufacture and market 2-Deoxy-D-Glucose. Developed by DRDO, 2-DG has been granted permission by Drug Controller General of India for emergency use as adjunct therapy in moderate to severe Covid-19 patients.
• IRB Infrastructure Developers: The company has emerged as a preferred bidder for the construction of six lanes of 20.060 kms, Pondavakkam to Kannigaipair stretch, on the upcoming Chittoor – Thachur Highway in Tamil Nadu at the cost outlay of Rs 909 crore. The company bid Rs 844.14 crore for the highway project. The construction is expected to be completed in 730 days.
• RailTel Corporation of India: The company has received a contract from Directorate of Information Technology, Indian Air Force for implementation of secure OPS Network for value of Rs 299.95 crore. The work is expected to be completed over a period of 12 months.
• Jammu & Kashmir Bank: Approved raising of equity share capital up to Rs 1000 crore in one or more tranches by way of rights issue/peferential allotment/private placement/QIP or any other approved mode. The bank also approved raising up to Rs 1000 crore via bonds.
• OnMobile Global: A branch of the company in Panama has been dissolved effective August 31.
• Rossari Biotech: The company has completed the acquisition of the first tranche of 76% of the total equity share capital (on a fully diluted basis) of Tristar Intermediates on September 1.
• Hindustan Aeronautics: Board to consider sub-division of equity shares on Sept. 21.
• Jain Irrigation: Board meeting on Sept. 7 to consider fund raising plan
• MT Educare (MTEL): Defaults on repayment of interest and principal
• AGMs: PNB Housing Finance (3 p.m.); Macrotech Developers (3:30 p.m.); AlA Engineering (10 a.m.); Multi Commodity Exchange (11:30 a.m.); Edelweiss Financial Services (4 p.m.); Strides Pharma (12:30 p.m.); Kalyani Steels (11 a.m.); Electrosteel Castings (1:30 a.m.); Indo Count Industries (12:30 p.m.)
Positive Stocks
L&T tech
Indiabulls hsg
B forge
RIL,just dail
IRB infra
Thyrocare
Railte
Sh Kelkar
Negative stocks
Telcos
PNB housing
L&T tech
Indiabulls hsg
B forge
RIL,just dail
IRB infra
Thyrocare
Railte
Sh Kelkar
Negative stocks
Telcos
PNB housing
All you need is a Skill to make Money.
Visit : www.tradingcoach.co.in
Visit : www.tradingcoach.co.in
Stocks To Watch
• Dish TV India: YES Bank, which holds a 25.63% stake in Dish TV India, has sought the removal of five directors in the company, including Managing Director Jawahar Lal Goel. YES Bank has given a special notice under Section 169 of the Companies Act, 2013. The bank said the current board of directors of the company had approved a rights issue process despite the bank's objections solely to dilute its shareholding and to prejudice the interests of the bank.
• Cochin Shipyard: Has emerged as the lowest bidder in the 6-vessel tender from the Indian Navy for the next generation missile vessels worth about Rs 10,000 crore and the formal contract signing is expected shortly, said Madhu Nair, Chairman & Managing Director.
• VST Tillers Tractors: The company has entered into an agreement with Export Trading Group, for distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.
• Triveni Turbine: Due to multiple disputes for over two years amongst joint venture partners, Triveni Turbine and DI Netherlands BV and Baker Hughes and its affiliates, General Electric Company and its affiliates, these parties agreed to terminate the joint venture agreement and finally resolved the multiple disputes amongst them. The JV stands terminated, as do all technology and brand licenses executed among the former JV partners. Further, the entire shareholding held by DI Netherlands BV in the equity share capital of GE Triveni has been acquired by the company for Rs 7.99 crore.
• SVP Global Ventures: Approved the appointment of OP Gulia as CEO of the company.
• Ashapura Minechem: Operations in Guinea continue to be normal despite certain political developments in Conakry, the capital of Guinea, since September 5, the company said. We continue to monitor the situation closely; all the employees of the Ashapura Group in Guinea remain safe and are in contact with the company, it added.
• Starteck Finance: The company approved to sell 100% stake in subsidiary Starteck Housing Finance to Paripurna Trust and/or Matrabhav Trust for Rs 11.45 crore.
• Dish TV India: YES Bank, which holds a 25.63% stake in Dish TV India, has sought the removal of five directors in the company, including Managing Director Jawahar Lal Goel. YES Bank has given a special notice under Section 169 of the Companies Act, 2013. The bank said the current board of directors of the company had approved a rights issue process despite the bank's objections solely to dilute its shareholding and to prejudice the interests of the bank.
• Cochin Shipyard: Has emerged as the lowest bidder in the 6-vessel tender from the Indian Navy for the next generation missile vessels worth about Rs 10,000 crore and the formal contract signing is expected shortly, said Madhu Nair, Chairman & Managing Director.
• VST Tillers Tractors: The company has entered into an agreement with Export Trading Group, for distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.
• Triveni Turbine: Due to multiple disputes for over two years amongst joint venture partners, Triveni Turbine and DI Netherlands BV and Baker Hughes and its affiliates, General Electric Company and its affiliates, these parties agreed to terminate the joint venture agreement and finally resolved the multiple disputes amongst them. The JV stands terminated, as do all technology and brand licenses executed among the former JV partners. Further, the entire shareholding held by DI Netherlands BV in the equity share capital of GE Triveni has been acquired by the company for Rs 7.99 crore.
• SVP Global Ventures: Approved the appointment of OP Gulia as CEO of the company.
• Ashapura Minechem: Operations in Guinea continue to be normal despite certain political developments in Conakry, the capital of Guinea, since September 5, the company said. We continue to monitor the situation closely; all the employees of the Ashapura Group in Guinea remain safe and are in contact with the company, it added.
• Starteck Finance: The company approved to sell 100% stake in subsidiary Starteck Housing Finance to Paripurna Trust and/or Matrabhav Trust for Rs 11.45 crore.
stocks to watch :
• Hindustan Copper: Government plans to sell 10% of the company's equity through an Offer for Sale. The initial plan is for the sale of 4.83 crore shares or 5% of the total equity with a green shoe option to sell another 4.83 crore shares or 5% of the total equity. The floor price of Rs 116 per share is at a 6.82% discount to Wednesday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
• Coal India: Plans to offer 15 mines to developers to raise output by a combined 160 million tones per year, Chairman Pramod Agrawal said. The company is also executing 35 connectivity projects, including railway lines, at a total cost of Rs 11,500 crore ($1.6 billion) to help transport 414.5 million tons of a coal a year.
• Tata Group stocks: Tata Sons has submitted a financial bid for Air India. Further, Tata Sons’ Chairman N Chandrasekaran rejected news reports that claimed the company is considering a revamp of its leadership structure. “No leadership structural changes are on the anvil, as speculated in certain sections of media,” he said.
• SpiceJet: Owner Ajay Singh has bid for Air India in his personal capacity, according to a Bloomberg report.
• Telecom stocks: The union cabinet has approved a relief package for telecom industry. Telecom Minister Ashwini Vaishnaw announced measures on AGR, spectrum, foreign direct investment and a moratorium on dues to the government. Together, these will give the companies a financial breather even as they make efforts to increase pricing and improve average revenue per user.
• Wipro: The company received multi-year IT managed services contract from Kuala Lumpur- headquartered Maxis Broadband Sdn Bhd, a leading converged solutions provider.
• Infosys: The company has collaborated with SAP to provide Business Process Transformation-as-a-Service to enterprises.
• Fineotex Chemical: The company has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialise specialty chemicals for the Indian market.
• JSW Energy: JSW Renew Energy Two, a project SPV formed by JSW Future Energy (100% subsidiary of JSW Energy) has signed Power Purchase Agreements with Solar Energy Corporation of India for the cumulative contracted capacity of 450 MW awarded against Tariff based Competitive bid invited by SECI.
• CEAT: Shareholders have approved issuance of NCDs up to Rs 500 crore on private placement basis.
• NLC India: Allotted 10,000 Commercial Papers of Rs 5 lakh each aggregating to Rs 500 crore on September 15.
• Srei Infrastructure Finance: Rakesh Bhutoria has resigned as CEO effective from closing hours of September 15. Bhutoria resigned to explore alternative sectors. His resignation was also considering the salary payment issues arising out of the Trust and Retention Account operationalised by the bankers impacting team morale
• HG Infra Engineering: The company has received the letter of award from National Highways Authority of India for two HAM projects.
• HealthCare Global Enterprises: Care Ratings has upgraded the rating of the long-term bank facilities of the company to A/Stable from A-/Stable.
• Hindustan Copper: Government plans to sell 10% of the company's equity through an Offer for Sale. The initial plan is for the sale of 4.83 crore shares or 5% of the total equity with a green shoe option to sell another 4.83 crore shares or 5% of the total equity. The floor price of Rs 116 per share is at a 6.82% discount to Wednesday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
• Coal India: Plans to offer 15 mines to developers to raise output by a combined 160 million tones per year, Chairman Pramod Agrawal said. The company is also executing 35 connectivity projects, including railway lines, at a total cost of Rs 11,500 crore ($1.6 billion) to help transport 414.5 million tons of a coal a year.
• Tata Group stocks: Tata Sons has submitted a financial bid for Air India. Further, Tata Sons’ Chairman N Chandrasekaran rejected news reports that claimed the company is considering a revamp of its leadership structure. “No leadership structural changes are on the anvil, as speculated in certain sections of media,” he said.
• SpiceJet: Owner Ajay Singh has bid for Air India in his personal capacity, according to a Bloomberg report.
• Telecom stocks: The union cabinet has approved a relief package for telecom industry. Telecom Minister Ashwini Vaishnaw announced measures on AGR, spectrum, foreign direct investment and a moratorium on dues to the government. Together, these will give the companies a financial breather even as they make efforts to increase pricing and improve average revenue per user.
• Wipro: The company received multi-year IT managed services contract from Kuala Lumpur- headquartered Maxis Broadband Sdn Bhd, a leading converged solutions provider.
• Infosys: The company has collaborated with SAP to provide Business Process Transformation-as-a-Service to enterprises.
• Fineotex Chemical: The company has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialise specialty chemicals for the Indian market.
• JSW Energy: JSW Renew Energy Two, a project SPV formed by JSW Future Energy (100% subsidiary of JSW Energy) has signed Power Purchase Agreements with Solar Energy Corporation of India for the cumulative contracted capacity of 450 MW awarded against Tariff based Competitive bid invited by SECI.
• CEAT: Shareholders have approved issuance of NCDs up to Rs 500 crore on private placement basis.
• NLC India: Allotted 10,000 Commercial Papers of Rs 5 lakh each aggregating to Rs 500 crore on September 15.
• Srei Infrastructure Finance: Rakesh Bhutoria has resigned as CEO effective from closing hours of September 15. Bhutoria resigned to explore alternative sectors. His resignation was also considering the salary payment issues arising out of the Trust and Retention Account operationalised by the bankers impacting team morale
• HG Infra Engineering: The company has received the letter of award from National Highways Authority of India for two HAM projects.
• HealthCare Global Enterprises: Care Ratings has upgraded the rating of the long-term bank facilities of the company to A/Stable from A-/Stable.