HUL +20% Returns by taking a Short Selling trade on Futures Nov Contract.
Stocks To Watch
Tata Chemicals: The company is considering selling its soda ash business in the U.S. It’s seeking $1 billion or more for the asset. Tata Chemicals has reached out to private equity firms and some industry groups to gauge interest, according to a Bloomberg report.
Bharti Airtel: The company's rights issue of up to Rs 20,987.39 crore has been closed for subscription on October 21. The issue was subscribed approximately 1.44 times.
Reliance Industries: The company’s proposal to appoint Aramco Chairman as independent director gets shareholder approval. 98% of votes cast were in favour of appointment of Yasir Othman H. Al Rumayyan as independent director on RIL's board.
KEC International: The company has secured new orders of Rs 1,829 crore across its various businesses.
Bank of Maharashtra: Raised Rs 1,000 crore through private placement of 1,000 Basel III Compliant Tier II Bonds of Rs 1 crore each for a period of 10 years.
Tata Motors: S&P Global Ratings has upgraded the credit rating of senior unsecured notes of Tata Motors and Tata Motors Holding Pte to BB-/Stable from B/Watch Positive. The rating agency has also upgraded the credit rating of senior unsecured notes of Jaguar Land Rover Automotive Plc to B+/Stable from B/Watch Positive.
Bank of Baroda: Appointed Joydeep Dutta Roy as Executive Director of the bank for a period of three years.
lnduslnd Bank: To raise up to Rs 2,800 crore via issuance of unsecured Basel III Compliant Bonds in the nature of debentures on private placement basis.
IRB Infrastructure: To consider proposal of fund raising on October 26.
India Grid Trust: To consider raising funds in October 27 meeting.
Embassy Office Parks REIT: Completed a lease renewal in Embassy Manyata, Bengaluru with Nokia Solutions and Networks India.
Thomas Cook (India) and its group company SOTC Travel have partnered with Vistara to launch Vistara Getaways. The partnership will offer Vistara’s customers a diverse range of holidays at attractive prices.
Wipro: To launch a Technology Business Management Practice as part of its strategic relationship with Apptio. TBM provides technology leaders with valuable insights, data and standards to communicate the cost, quality and value of technology investments to business partners, the company said. Further it has partnered with National Grid to drive data center consolidation and implement next generation hybrid cloud architecture.
Vedanta: Board approved the appointment of Ajay Goel as acting Chief Financial Officer of the company with effect from October 23.
Tata Chemicals: The company is considering selling its soda ash business in the U.S. It’s seeking $1 billion or more for the asset. Tata Chemicals has reached out to private equity firms and some industry groups to gauge interest, according to a Bloomberg report.
Bharti Airtel: The company's rights issue of up to Rs 20,987.39 crore has been closed for subscription on October 21. The issue was subscribed approximately 1.44 times.
Reliance Industries: The company’s proposal to appoint Aramco Chairman as independent director gets shareholder approval. 98% of votes cast were in favour of appointment of Yasir Othman H. Al Rumayyan as independent director on RIL's board.
KEC International: The company has secured new orders of Rs 1,829 crore across its various businesses.
Bank of Maharashtra: Raised Rs 1,000 crore through private placement of 1,000 Basel III Compliant Tier II Bonds of Rs 1 crore each for a period of 10 years.
Tata Motors: S&P Global Ratings has upgraded the credit rating of senior unsecured notes of Tata Motors and Tata Motors Holding Pte to BB-/Stable from B/Watch Positive. The rating agency has also upgraded the credit rating of senior unsecured notes of Jaguar Land Rover Automotive Plc to B+/Stable from B/Watch Positive.
Bank of Baroda: Appointed Joydeep Dutta Roy as Executive Director of the bank for a period of three years.
lnduslnd Bank: To raise up to Rs 2,800 crore via issuance of unsecured Basel III Compliant Bonds in the nature of debentures on private placement basis.
IRB Infrastructure: To consider proposal of fund raising on October 26.
India Grid Trust: To consider raising funds in October 27 meeting.
Embassy Office Parks REIT: Completed a lease renewal in Embassy Manyata, Bengaluru with Nokia Solutions and Networks India.
Thomas Cook (India) and its group company SOTC Travel have partnered with Vistara to launch Vistara Getaways. The partnership will offer Vistara’s customers a diverse range of holidays at attractive prices.
Wipro: To launch a Technology Business Management Practice as part of its strategic relationship with Apptio. TBM provides technology leaders with valuable insights, data and standards to communicate the cost, quality and value of technology investments to business partners, the company said. Further it has partnered with National Grid to drive data center consolidation and implement next generation hybrid cloud architecture.
Vedanta: Board approved the appointment of Ajay Goel as acting Chief Financial Officer of the company with effect from October 23.
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STOCKS IN F&O TRADING BAN FOR TODAY:
++ ESCORTS
++ INDIABULLS HOUSING FINANCE
++ VODAFONE IDEA
++ INDIAN ENERGY EXCHANGE
++ PUNJAB NATIONAL BANK
++ STEEL AUTHORITY OF INDIA
RESULTS TODAY
==NIFTY 50
+ TECH MAHINDRA
==NIFTY F&O
+ COLGATE PALMOLIVE INDIA
+ HDFC ASSET MANAGEMENT CO
+ INDUS TOWERS
+ RAMCO CEMENTS
+ SRF
==NIFTY 500
+ CEAT
+ CSB BANK
+ HOME FIRST FINANCE CO INDIA
+ KANSAI NEROLAC PAINTS
++ ESCORTS
++ INDIABULLS HOUSING FINANCE
++ VODAFONE IDEA
++ INDIAN ENERGY EXCHANGE
++ PUNJAB NATIONAL BANK
++ STEEL AUTHORITY OF INDIA
RESULTS TODAY
==NIFTY 50
+ TECH MAHINDRA
==NIFTY F&O
+ COLGATE PALMOLIVE INDIA
+ HDFC ASSET MANAGEMENT CO
+ INDUS TOWERS
+ RAMCO CEMENTS
+ SRF
==NIFTY 500
+ CEAT
+ CSB BANK
+ HOME FIRST FINANCE CO INDIA
+ KANSAI NEROLAC PAINTS
Positive Stocks
ICICI Bank
Reliance
Coforge
Tata cons
Crompton cons
Tata elxsi
Orient electric
Gland
Lemon tree
Negative Stocks
ABB power
Dodla dairy
MCX
Ami organics
Kirloskar ferrous
ICICI Bank
Reliance
Coforge
Tata cons
Crompton cons
Tata elxsi
Orient electric
Gland
Lemon tree
Negative Stocks
ABB power
Dodla dairy
MCX
Ami organics
Kirloskar ferrous
STOCKS IN F&O TRADING BAN FOR TODAY:
++ Escorts
++ Indiabulls Housing Finance
++ Indian Energy Exchange
++ NMDC
++ Steel Authority of India
++ Sun TV Network
RESULTS TODAY
==NIFTY 50
+ AXIS BANK
+ BAJAJ FINANCE
+ CIPLA
+ KOTAK MAHINDRA BANK
==NIFTY F&O
+ AMBUJA CEMENTS
+ CANARA BANK
+ DR LAL PATHLABS
+ MAHANAGAR GAS
+ NIPPON LIFE INDIA ASSET MANAGEMENT
+ PERSISTENT SYSTEMS
+ PI INDUSTRIES
+ TORRENT PHARMACEUTICALS
++ Escorts
++ Indiabulls Housing Finance
++ Indian Energy Exchange
++ NMDC
++ Steel Authority of India
++ Sun TV Network
RESULTS TODAY
==NIFTY 50
+ AXIS BANK
+ BAJAJ FINANCE
+ CIPLA
+ KOTAK MAHINDRA BANK
==NIFTY F&O
+ AMBUJA CEMENTS
+ CANARA BANK
+ DR LAL PATHLABS
+ MAHANAGAR GAS
+ NIPPON LIFE INDIA ASSET MANAGEMENT
+ PERSISTENT SYSTEMS
+ PI INDUSTRIES
+ TORRENT PHARMACEUTICALS
Stocks To Watch
Adani Total Gas: The company’s board will consider on October 28 a proposal to raise funds via a medium-term note program of as much as $750 million, or its equivalent in any currency, in one or more tranches. The initial issuance will be as much as $300 million.
Bharti Airtel: To avail the option of deferment of the payment of spectrum auction instalments due up to four years. The company has also sought deferment of AGR related dues by four years with immediate effect. It will consider other option offered by Department of Telecommunications within the stipulated timelines.
Quess Corp: The company has raised stake in Stellarslog Technovation to 36.58%.
Quick Heal Technologies: Nitin Kulkarni has resigned as the Chief Financial Officer of the company. Kulkarni will be relieved from his duties with effect from closure of business hours of October 26.
Jagran Prakashan: Board has approved the appointment of Amit Jaiswal as the new CFO of the company with effect from November 1.
Zee Entertainment: Court to give verdict on Zee-Invesco case
Adani Total Gas: The company’s board will consider on October 28 a proposal to raise funds via a medium-term note program of as much as $750 million, or its equivalent in any currency, in one or more tranches. The initial issuance will be as much as $300 million.
Bharti Airtel: To avail the option of deferment of the payment of spectrum auction instalments due up to four years. The company has also sought deferment of AGR related dues by four years with immediate effect. It will consider other option offered by Department of Telecommunications within the stipulated timelines.
Quess Corp: The company has raised stake in Stellarslog Technovation to 36.58%.
Quick Heal Technologies: Nitin Kulkarni has resigned as the Chief Financial Officer of the company. Kulkarni will be relieved from his duties with effect from closure of business hours of October 26.
Jagran Prakashan: Board has approved the appointment of Amit Jaiswal as the new CFO of the company with effect from November 1.
Zee Entertainment: Court to give verdict on Zee-Invesco case
Stocks To Watch
IDFC: IDFC Financial Holding Company writes to IDFC First Bank informing it on value unlocking plans. IDFC Financial Holding Company holds 36.50% equity in IDFC First Bank. Five-year lock-in period for IDFC Ltd as promoter of the bank ended on September 30, 2020. Post this, RBI has clarified that IDFC Ltd can exit as the promoter of IDFC First Bank. IDFC's board has approved sale of IDFC AMC, post which it will hold IDFC FIRST Bank and cash generated from sale of AMC. Actions to dispose IDFC Foundation and its underlying joint ventures also underway.
Union Bank of India: The bank has cut home loan rate to 6.4% for festive season. New rate to be effective from October 27. New rate applicable for new home purchases as well as balance transfers from other lenders. Home loan rate cut as the bank is seeing rising demand from customers. Union Bank of India home loan rate is now the most competitive in the industry
Quick Heal Technologies: Appointed Navin Sharma as Chief Financial Officer of the company.
Firstsource Solutions: The company has partnered with Eco-Mail to strengthen workflow digitisation for health plans amidst permanent shift to a remote workforce.
IDFC: IDFC Financial Holding Company writes to IDFC First Bank informing it on value unlocking plans. IDFC Financial Holding Company holds 36.50% equity in IDFC First Bank. Five-year lock-in period for IDFC Ltd as promoter of the bank ended on September 30, 2020. Post this, RBI has clarified that IDFC Ltd can exit as the promoter of IDFC First Bank. IDFC's board has approved sale of IDFC AMC, post which it will hold IDFC FIRST Bank and cash generated from sale of AMC. Actions to dispose IDFC Foundation and its underlying joint ventures also underway.
Union Bank of India: The bank has cut home loan rate to 6.4% for festive season. New rate to be effective from October 27. New rate applicable for new home purchases as well as balance transfers from other lenders. Home loan rate cut as the bank is seeing rising demand from customers. Union Bank of India home loan rate is now the most competitive in the industry
Quick Heal Technologies: Appointed Navin Sharma as Chief Financial Officer of the company.
Firstsource Solutions: The company has partnered with Eco-Mail to strengthen workflow digitisation for health plans amidst permanent shift to a remote workforce.
IRB Infrastructure Developers Ltd's board has approved allotment of equity shares of up to 54.4 bln rupees through the preferential allotment route to Singapore's sovereign wealth fund GIC and Spain-based infra player Ferrovial SA
STOCKS IN F&O TRADING BAN FOR TODAY:
++ CANARA BANK
++ INDIABULLS HOUSING FINANCE
++ INDIAN ENERGY EXCHANGE
++ NMDC
++ STEEL AUTHORITY OF INDIA
++ SUN TV NETWORK
STOCKS IN F&O TRADING BAN FOR TODAY:
++ CANARA BANK
++ INDIABULLS HOUSING FINANCE
++ INDIAN ENERGY EXCHANGE
++ NMDC
++ STEEL AUTHORITY OF INDIA
++ SUN TV NETWORK
Dividend Updates
Share India Securities Ltd Board approves 2nd interim dividend of Rs. 1.25
GRM Overseas Ltd Board declares Interim Dividend of Rs. 5
Vardhman Textiles Ltd Board declares Interim Dividend of Rs. 34
Shree Digvijay Cement Company Ltd board declares interim dividend of Rs. 1.50
Share India Securities Ltd Board approves 2nd interim dividend of Rs. 1.25
GRM Overseas Ltd Board declares Interim Dividend of Rs. 5
Vardhman Textiles Ltd Board declares Interim Dividend of Rs. 34
Shree Digvijay Cement Company Ltd board declares interim dividend of Rs. 1.50
Poonawala Fincorp Q2
– Sequentially a good qtr
GNPA ratio at 4.11% vs 5.4%QOQ
NNPA ratio at 2.01% vs 2.7%QOQ
Disbursals at Rs2580cr, up 210.8%YOY & 49%QOQ
AUM at Rs15275cr vs Rs15571cr, down 1.9%YOY & vs Rs14424cr, up 5.9%QOQ
– Sequentially a good qtr
GNPA ratio at 4.11% vs 5.4%QOQ
NNPA ratio at 2.01% vs 2.7%QOQ
Disbursals at Rs2580cr, up 210.8%YOY & 49%QOQ
AUM at Rs15275cr vs Rs15571cr, down 1.9%YOY & vs Rs14424cr, up 5.9%QOQ
Stocks To Watch
IRCTC: To share proceeds of service charge on e-ticketing with lndian Railways. The revenue earned from convenience fee collected by IRCTC to be shared in the ratio of 50:50 w.e.f November 1, 2021, Ministry of Railways said.
NTPC: The company’s installed capacity stood at 66,900 MW in Q2 FY22 Vs 62,910 MW in the same quarter last year. Captive mines coal output up 2.62 times year-on-year at 2.79 MMT Vs O.77 MMT. Plant availability factor-coal at 85.36% Vs 91.83%.
Bharti Airtel: In its October 28 order regarding refund of excess GST paid by Bharti Airtel, the Supreme Court, has maintained that the company has the freedom to avail the amount of Rs 923 crore as Input Tax Credit in the subsequent returns, which the company had duly done, it said in an exchange filing.
Future Consumer: Approved entering into a joint venture arrangement between Griffith Foods Worldwide INC and Sublime Foods, a subsidiary of the company.
Suprajit Engineering: To acquire light duty cable business unit of Kongsberg Automotive ASA. Enterprise value of the transaction is pegged at $42 million. The transaction is expected to close by end of January 2022.
Manappuram Finance: To consider raising funds via issuance of various debt securities or through issue of Commercial Papers in November 2021.
Amara Raja Batteries: Andhra Pradesh High Court court has extended APPCB suspension.
Dabur India: To consider raising bond issue limit to Rs 500 crore in November 2 meeting.
Wipro: The company in partnership with Oracle launched Wipro Tollway Transportation and Billing solution to enhance commuters’ experience while improving profitability for tollway authorities.
Infosys: The company and bp, a global integrated energy company have agreed to develop and pilot an energy as a service solution, which will aim to help businesses improve the energy efficiency of infrastructure and help meet their decarbonisation goals.
GMM Pfaudler: Approved appointment of Aseem Joshi as the CEO.
IRCTC: To share proceeds of service charge on e-ticketing with lndian Railways. The revenue earned from convenience fee collected by IRCTC to be shared in the ratio of 50:50 w.e.f November 1, 2021, Ministry of Railways said.
NTPC: The company’s installed capacity stood at 66,900 MW in Q2 FY22 Vs 62,910 MW in the same quarter last year. Captive mines coal output up 2.62 times year-on-year at 2.79 MMT Vs O.77 MMT. Plant availability factor-coal at 85.36% Vs 91.83%.
Bharti Airtel: In its October 28 order regarding refund of excess GST paid by Bharti Airtel, the Supreme Court, has maintained that the company has the freedom to avail the amount of Rs 923 crore as Input Tax Credit in the subsequent returns, which the company had duly done, it said in an exchange filing.
Future Consumer: Approved entering into a joint venture arrangement between Griffith Foods Worldwide INC and Sublime Foods, a subsidiary of the company.
Suprajit Engineering: To acquire light duty cable business unit of Kongsberg Automotive ASA. Enterprise value of the transaction is pegged at $42 million. The transaction is expected to close by end of January 2022.
Manappuram Finance: To consider raising funds via issuance of various debt securities or through issue of Commercial Papers in November 2021.
Amara Raja Batteries: Andhra Pradesh High Court court has extended APPCB suspension.
Dabur India: To consider raising bond issue limit to Rs 500 crore in November 2 meeting.
Wipro: The company in partnership with Oracle launched Wipro Tollway Transportation and Billing solution to enhance commuters’ experience while improving profitability for tollway authorities.
Infosys: The company and bp, a global integrated energy company have agreed to develop and pilot an energy as a service solution, which will aim to help businesses improve the energy efficiency of infrastructure and help meet their decarbonisation goals.
GMM Pfaudler: Approved appointment of Aseem Joshi as the CEO.
Positive stocks
Reliance ind
Gail
BPCL
Gujrat gas
Shriram trans
REC
Vedanta
Nestle India
Negative stocks
Dr Reddy's
Jsw energy
IOC
Upl
Reliance ind
Gail
BPCL
Gujrat gas
Shriram trans
REC
Vedanta
Nestle India
Negative stocks
Dr Reddy's
Jsw energy
IOC
Upl
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Dividend Updates
K P Energy Ltd board declares interim dividend of Rs. 0.50
Bharat Petroleum Corporation Limited board declares interim dividend of Rs. 5
REC Ltd Board approves 2nd interim dividend of Rs. 2.50
The Great Eastern Shipping Company Ltd board declares interim dividend of Rs. 4.50
Ajanta Pharma Ltd Board declares Interim Dividend of Rs. 9.50
LT Foods Ltd Board declares Interim Dividend of Rs. 0.50
Emami Ltd board declares interim dividend of Rs. 4
Cantabil Retail India Ltd board declares interim dividend of Rs. 1
K P Energy Ltd board declares interim dividend of Rs. 0.50
Bharat Petroleum Corporation Limited board declares interim dividend of Rs. 5
REC Ltd Board approves 2nd interim dividend of Rs. 2.50
The Great Eastern Shipping Company Ltd board declares interim dividend of Rs. 4.50
Ajanta Pharma Ltd Board declares Interim Dividend of Rs. 9.50
LT Foods Ltd Board declares Interim Dividend of Rs. 0.50
Emami Ltd board declares interim dividend of Rs. 4
Cantabil Retail India Ltd board declares interim dividend of Rs. 1