STOCKS in ACTION 13 oct
😀Tata Motors: Co To Raise $1b In Its Passenger Electric Vehicle Business At A Valuation Of Upto $9.1b From TPG Rise Climate
🙂Bhansali Engg Polymers: Good Results
🙂HCG: Good business updates
Astral Ltd long-term bank facilities receives upgraded ratings from CRISIL
🙂CL Educate liquidates land parcels, will deploy cash in Business
🙂Palred Technologies pTron launches Alexa built-in Portable Smart Speaker 'Musicbot CUBE' - Made in India
🙂Kreon Finnancial Services Limited board to consider rights issue on Oct 18, 2021
🙂Puravankara Ltd's subsidiaries launch new projects
🙂MMTC-PAMP strengthens presence in South India, aims for 20% business from this region by next fiscal
🙂Zen Technologies, Steel Exchange India To consider fund raising plan on October 16 & 15
🙂Power Grid: Approved Investment Approval For Setting Up Of Electric Vechile Charging Station In Navi Mumbai
🙂Happiest Minds Technologies: The company has entered into partnership with Tech4TH Solutions, a company incorporated in the U.S. Tech4TH provides digital services to worldwide companies in the Travel and Hospitality sectors
Bajaj Finserv: Trustee company under the name of Bajaj Finserv Mutual Fund Trustee Limited has been incorporated as a wholly owned subsidiary of the company
🙂Centrum Capital: Centrum, Bharatpe Consortium Gets Small Finance Bank License From RBI, New SFB Has Been Incorporated As Unity Small Finance Bank
🙂Power Finance Corporation: The government has granted Maharatna Status to the company.
🙂Reliance Industries: Reliance New Energy Solar leads series C financing round in German solar component maker NexWafe. RIL subsidiary will pump $29 million to accelerate product and technology development
🙂Precision Wires: Board Meeting On Nov 3 To Consider Q2 Results || Co To Consider Interim Dividend & Sub-Division Of Equity Shares
IndusInd Bank, Kotak Mahindra Bank: Both banks have received government approval to collect direct and indirect taxes
😀Tata Motors: Co To Raise $1b In Its Passenger Electric Vehicle Business At A Valuation Of Upto $9.1b From TPG Rise Climate
🙂Bhansali Engg Polymers: Good Results
🙂HCG: Good business updates
Astral Ltd long-term bank facilities receives upgraded ratings from CRISIL
🙂CL Educate liquidates land parcels, will deploy cash in Business
🙂Palred Technologies pTron launches Alexa built-in Portable Smart Speaker 'Musicbot CUBE' - Made in India
🙂Kreon Finnancial Services Limited board to consider rights issue on Oct 18, 2021
🙂Puravankara Ltd's subsidiaries launch new projects
🙂MMTC-PAMP strengthens presence in South India, aims for 20% business from this region by next fiscal
🙂Zen Technologies, Steel Exchange India To consider fund raising plan on October 16 & 15
🙂Power Grid: Approved Investment Approval For Setting Up Of Electric Vechile Charging Station In Navi Mumbai
🙂Happiest Minds Technologies: The company has entered into partnership with Tech4TH Solutions, a company incorporated in the U.S. Tech4TH provides digital services to worldwide companies in the Travel and Hospitality sectors
Bajaj Finserv: Trustee company under the name of Bajaj Finserv Mutual Fund Trustee Limited has been incorporated as a wholly owned subsidiary of the company
🙂Centrum Capital: Centrum, Bharatpe Consortium Gets Small Finance Bank License From RBI, New SFB Has Been Incorporated As Unity Small Finance Bank
🙂Power Finance Corporation: The government has granted Maharatna Status to the company.
🙂Reliance Industries: Reliance New Energy Solar leads series C financing round in German solar component maker NexWafe. RIL subsidiary will pump $29 million to accelerate product and technology development
🙂Precision Wires: Board Meeting On Nov 3 To Consider Q2 Results || Co To Consider Interim Dividend & Sub-Division Of Equity Shares
IndusInd Bank, Kotak Mahindra Bank: Both banks have received government approval to collect direct and indirect taxes
Positive Stocks
Tata motors
Reliance
Adani ports
Indigo, spicejet
PVR
PFC
HCG
Equitas
Negative Stocks
Zee Ent
Tata motors
Reliance
Adani ports
Indigo, spicejet
PVR
PFC
HCG
Equitas
Negative Stocks
Zee Ent
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Stocks To Watch 14/10/2021
Dish TV India: The company’s board has agreed that the EGM cannot be called as sought by Yes Bank. The board has also instructed the management to send a detailed response to the bank. “Yes Bank being a banking company and it's shareholding in the company being a consequence of invocation of pledges, there are certain embargos under the provisions of the Banking Regulation Act, 1949 read with SEBI Regulations, 2011, because of which the said resolutions cannot be placed before the shareholders.”
Reliance Industries: Invesco had assisted the company in arranging discussions with Zee Entertainment Enterprises MD Punit Goenka between February and March this year. The company made ‘broad proposal’ for merger of media operations with Zee at fair valuations. Proposal included continuation of Goenka as MD and issue of ESOPs to management. Goenka and Invesco had differences on requirement of founding family increasing stake. Consequently, the company decided not to proceed further, it said.
Zee Entertainment Enterprises: Board filed response to Invesco's open letter to shareholders and clarified deal with Sony. Invesco should stop publishing "half truths" about proposed Sony deal. Non compete fee to Zee promoters in Sony deal is a secondary transfer and will not be dilutive to public shareholders. Quantum of promoter shareholding in Sony deal is less than in Reliance deal proposed by Invesco. Invesco has cast unsubstantiated aspersions on company and board. Invesco's actions are motivated by concerns entirely extraneous to any corporate governance issue.
Westlife Development: The company will add 150-200 stores and invest Rs 800-1,000 crore across the business over the next 3-4 years. All these initiatives are expected to create 6,000-8,000 direct and indirect jobs in the industry.
UltraTech Cement: The company commissioned 1.2 mtpa cement capacity in October 2021, which will help the company to service the fast-growing cement demand in the Eastern markets. The additional capacity will cost company Rs 400 crore.
KEC International: The company has completed the acquisition of Spur Infrastructure and hence it is now a wholly owned subsidiary of the company.
PTC India: The company’s Chairman and Managing Director, Deepak Amitabh, has resigned from the post w.e.f. November 5, 2021.
Earnings: HCL Technologies, Mahindra CIE Automotive, Indiabulls Real Estate, Inox Wind, Inox Wind Energy, GTPL Hathway, Den Networks, Cyient, Century Textiles & Industries
Dish TV India: The company’s board has agreed that the EGM cannot be called as sought by Yes Bank. The board has also instructed the management to send a detailed response to the bank. “Yes Bank being a banking company and it's shareholding in the company being a consequence of invocation of pledges, there are certain embargos under the provisions of the Banking Regulation Act, 1949 read with SEBI Regulations, 2011, because of which the said resolutions cannot be placed before the shareholders.”
Reliance Industries: Invesco had assisted the company in arranging discussions with Zee Entertainment Enterprises MD Punit Goenka between February and March this year. The company made ‘broad proposal’ for merger of media operations with Zee at fair valuations. Proposal included continuation of Goenka as MD and issue of ESOPs to management. Goenka and Invesco had differences on requirement of founding family increasing stake. Consequently, the company decided not to proceed further, it said.
Zee Entertainment Enterprises: Board filed response to Invesco's open letter to shareholders and clarified deal with Sony. Invesco should stop publishing "half truths" about proposed Sony deal. Non compete fee to Zee promoters in Sony deal is a secondary transfer and will not be dilutive to public shareholders. Quantum of promoter shareholding in Sony deal is less than in Reliance deal proposed by Invesco. Invesco has cast unsubstantiated aspersions on company and board. Invesco's actions are motivated by concerns entirely extraneous to any corporate governance issue.
Westlife Development: The company will add 150-200 stores and invest Rs 800-1,000 crore across the business over the next 3-4 years. All these initiatives are expected to create 6,000-8,000 direct and indirect jobs in the industry.
UltraTech Cement: The company commissioned 1.2 mtpa cement capacity in October 2021, which will help the company to service the fast-growing cement demand in the Eastern markets. The additional capacity will cost company Rs 400 crore.
KEC International: The company has completed the acquisition of Spur Infrastructure and hence it is now a wholly owned subsidiary of the company.
PTC India: The company’s Chairman and Managing Director, Deepak Amitabh, has resigned from the post w.e.f. November 5, 2021.
Earnings: HCL Technologies, Mahindra CIE Automotive, Indiabulls Real Estate, Inox Wind, Inox Wind Energy, GTPL Hathway, Den Networks, Cyient, Century Textiles & Industries
Performance Of 13 PSBs
Over The Past One Week.
~Union Bank +21.8%
~Indian Bank +17.5%
~Canara Bank +7.0%
~BOB +6.7%
~Uco Bank +6.3%
~Bank of India +5.6%
~SBI +5.4%
~JK Bank +5.4%
~Bank of Maha +5.0%
~Central Bank +5.0%
~Punjab & Sind Bank +4.3%
~PNB +3.9%
~IOB +3.9%
Over The Past One Week.
~Union Bank +21.8%
~Indian Bank +17.5%
~Canara Bank +7.0%
~BOB +6.7%
~Uco Bank +6.3%
~Bank of India +5.6%
~SBI +5.4%
~JK Bank +5.4%
~Bank of Maha +5.0%
~Central Bank +5.0%
~Punjab & Sind Bank +4.3%
~PNB +3.9%
~IOB +3.9%
Positive Stocks
Infosys
Wipro
Mahanagar Gas
Finolex
Westlife
Ultratech
Pharma cos
Negative Stocks
Dish TV
Infosys
Wipro
Mahanagar Gas
Finolex
Westlife
Ultratech
Pharma cos
Negative Stocks
Dish TV
HCL TECH Q2 : Cons. Net profit Up 1.7 % To Rs 3259 cr (QOQ) ,Up 4 %YOY
Revenue Up 3 % to Rs 20655 cr (QOQ) , Up 11 YOY
announced Rs 10 as Interim Dividend
Revenue Up 3 % to Rs 20655 cr (QOQ) , Up 11 YOY
announced Rs 10 as Interim Dividend
Coal India temporarily stops supplies to non-power customers. #coal #India #energycrisis
Coal India : Coal India is down 3% after reports says that the co has asked subsidiaries to refrain from e-auction of coal for non-power cos.
Coal India : Coal India is down 3% after reports says that the co has asked subsidiaries to refrain from e-auction of coal for non-power cos.
IRCTC : IRCTC listed two years back on this day at Rs644/share vs issue price of Rs320/share; CMP > Rs5500/share
METAL STOCKS : Citi Says Expects China's economic growth rate in Q3, Q4 and in 2022 to be lower than 5%, and there will be further downward pressure if power shortages continue.
The gap between PPI and CPI has widened, making it difficult for the RMB to weaken significantly in order to protect SMEs.
BOMBAY SUPER HYBRID Q2 : Net profit Up 37 % To Rs 0.59 cr (YOY), Down 90 % (QOQ)
Revnue Down 3 % To Rs 17.18 cr (YOY), Down 80 % QOQ
EBITDA Up 47 % To Rs 1.07 cr (YOY), Down 84 % (QOQ)
The gap between PPI and CPI has widened, making it difficult for the RMB to weaken significantly in order to protect SMEs.
BOMBAY SUPER HYBRID Q2 : Net profit Up 37 % To Rs 0.59 cr (YOY), Down 90 % (QOQ)
Revnue Down 3 % To Rs 17.18 cr (YOY), Down 80 % QOQ
EBITDA Up 47 % To Rs 1.07 cr (YOY), Down 84 % (QOQ)
CYIENT:Q2 CONS NET PROFIT RUPEES 1.21B VS 839M (YOY) | PROFIT 1.15B (QOQ)
Q2 REVENUE RUPEES 11.12B VS 10.03B (YOY); 10.6B(QOQ)
CO DECLARE INTERIM DIVIDEND OF 10 RUPEES PER SHARE
Q2 EBIT RUPEES 1.5B VS 1.1B (YOY);1.4B (QOQ)
Q2 EBITDA MARGIN 13.99% VS 10.94% (YOY);12.98% (QOQ)
Q2 REVENUE RUPEES 11.12B VS 10.03B (YOY); 10.6B(QOQ)
CO DECLARE INTERIM DIVIDEND OF 10 RUPEES PER SHARE
Q2 EBIT RUPEES 1.5B VS 1.1B (YOY);1.4B (QOQ)
Q2 EBITDA MARGIN 13.99% VS 10.94% (YOY);12.98% (QOQ)
STOCKS IN F&O TRADING BAN FOR TODAY:
++ BANK OF BARODA
++ BHARAT HEAVY ELECTRICALS
++ INDIABULLS HOUSING FINANCE
++ INDIAN RAILWAY CATERING AND TOURISM CORP
++ SUN TV NETWORK
++ VODAFONE IDEA
++ BANK OF BARODA
++ BHARAT HEAVY ELECTRICALS
++ INDIABULLS HOUSING FINANCE
++ INDIAN RAILWAY CATERING AND TOURISM CORP
++ SUN TV NETWORK
++ VODAFONE IDEA
Stocks To Watch 18/10/2021
Coal India: The company has temporarily stopped supplies to industrial users as the energy crisis in India escalates. The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. But it could worsen the situation for other industries such as aluminium smelters, cement producers and steel mills.
Lupin: Lupin Pharmaceuticals Inc. has voluntarily recalled lrbesartan tablets and lrbesartan and Hydrochlorothiazide tablets in the U.S. due to the presence of an impurity called N-nitrosolrbesartan. Some tested API batches were above the specification limit for the impurity, the company said. Lupin discontinued the marketing of these tablets in January 2021.
Dr. Reddy’s Laboratories: Exelixis Inc has in-licensed second anti-cancer compound from Aurigene Discovery following U.S. FDA acceptance of lnvestigational New Drug application for phase 1 clinical trial in Non-Hodgkin's Lymphoma. Further the company has launched Carmustine for Injection, USP, a therapeutic equivalent generic version of BiCNU® approved by the FDA.
Dixon Technologies (India): Dixon Electro Appliances, a subsidiary of the company, has received approval from the government under PLI scheme for manufacturing of telecom and networking products in India. “With this, Dixon will be venturing into a new segment of telecom devices and we expect to begin production mainly for routers, modems and GPONs,” Vice Chairman and MD, Atul Lall said.
NBCC India: The company secured the total business of Rs 2,100.96 crore in September.
PNB Housing Finance: The board has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings. The share subscription agreements executed with the proposed allottees have been terminated. Carlyle’s Pluto Investments S.a.r.l will be initiating the process to withdraw the open offer for PNB Housing shares made at Rs 403.22 each. India top court to hear plea on PNB Housing-Carlyle deal.
Axis Bank: The RBI has approved the reappointment of Amitabh Chaudhry as MD and CEO of the bank from January 1, 2022, till December 31, 2024.
lnduslnd Bank: Board to meet on October 21 to consider proposal for raising of funds in Indian or foreign currency through the issuance of unsecured, non-convertible, redeemable, Basel III-Compliant Regulatory Tier II Bonds.
Shilpa Medicare: To raise up to Rs 297.51 crore via share allotment. The company approved the preferential allotment of 52.75 lakh shares to various marquee investors at a price of Rs 564 per share.
BASF India: The Karnataka Appellate Tribunal has granted stay on recovery of tax demand aggregating to Rs 40.65 crore pertaining to the tax period 2016-2017. The company had received demand notices from the Commercial Tax Department, Karnataka aggregating to Rs 744.67 crore for the tax periods 2006-2007 to 2016-2017.
Macrotech Developers: Board to meet on October 21 to consider proposal to raise funds. Further the company is in talks to sell 4 lakh sq ft office building in Mumbai, according to PTI.
Vivimed Labs: Ramesh Krishnamurthy has resigned as the CEO and CFO of the company effective from October 15.
Equitas Small Finance Bank: Board to consider options for minimum public holding.
Earnings: Ultratech Cement, L&T Infotech, Hatsun Agro Product, Route Mobile, Craftsman Automation, Alok Industries, Tata Coffee
Coal India: The company has temporarily stopped supplies to industrial users as the energy crisis in India escalates. The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. But it could worsen the situation for other industries such as aluminium smelters, cement producers and steel mills.
Lupin: Lupin Pharmaceuticals Inc. has voluntarily recalled lrbesartan tablets and lrbesartan and Hydrochlorothiazide tablets in the U.S. due to the presence of an impurity called N-nitrosolrbesartan. Some tested API batches were above the specification limit for the impurity, the company said. Lupin discontinued the marketing of these tablets in January 2021.
Dr. Reddy’s Laboratories: Exelixis Inc has in-licensed second anti-cancer compound from Aurigene Discovery following U.S. FDA acceptance of lnvestigational New Drug application for phase 1 clinical trial in Non-Hodgkin's Lymphoma. Further the company has launched Carmustine for Injection, USP, a therapeutic equivalent generic version of BiCNU® approved by the FDA.
Dixon Technologies (India): Dixon Electro Appliances, a subsidiary of the company, has received approval from the government under PLI scheme for manufacturing of telecom and networking products in India. “With this, Dixon will be venturing into a new segment of telecom devices and we expect to begin production mainly for routers, modems and GPONs,” Vice Chairman and MD, Atul Lall said.
NBCC India: The company secured the total business of Rs 2,100.96 crore in September.
PNB Housing Finance: The board has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings. The share subscription agreements executed with the proposed allottees have been terminated. Carlyle’s Pluto Investments S.a.r.l will be initiating the process to withdraw the open offer for PNB Housing shares made at Rs 403.22 each. India top court to hear plea on PNB Housing-Carlyle deal.
Axis Bank: The RBI has approved the reappointment of Amitabh Chaudhry as MD and CEO of the bank from January 1, 2022, till December 31, 2024.
lnduslnd Bank: Board to meet on October 21 to consider proposal for raising of funds in Indian or foreign currency through the issuance of unsecured, non-convertible, redeemable, Basel III-Compliant Regulatory Tier II Bonds.
Shilpa Medicare: To raise up to Rs 297.51 crore via share allotment. The company approved the preferential allotment of 52.75 lakh shares to various marquee investors at a price of Rs 564 per share.
BASF India: The Karnataka Appellate Tribunal has granted stay on recovery of tax demand aggregating to Rs 40.65 crore pertaining to the tax period 2016-2017. The company had received demand notices from the Commercial Tax Department, Karnataka aggregating to Rs 744.67 crore for the tax periods 2006-2007 to 2016-2017.
Macrotech Developers: Board to meet on October 21 to consider proposal to raise funds. Further the company is in talks to sell 4 lakh sq ft office building in Mumbai, according to PTI.
Vivimed Labs: Ramesh Krishnamurthy has resigned as the CEO and CFO of the company effective from October 15.
Equitas Small Finance Bank: Board to consider options for minimum public holding.
Earnings: Ultratech Cement, L&T Infotech, Hatsun Agro Product, Route Mobile, Craftsman Automation, Alok Industries, Tata Coffee