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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.

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

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

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

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.

Stocks to watch 01/11/2021

Positive stocks

Reliance ind
Gail
BPCL
Gujrat gas
Shriram trans
REC
Vedanta
Nestle India

Negative stocks

Dr Reddy's
Jsw energy
IOC
Upl

Technical Analysis StockMarket ? Ft. Nifty 50, Midcap and Smallcap !

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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

Positive Stocks

Bharti Airtel
Dabur
SUN pharma
Trent
M&M fin
Stovekraft
Eclerx
Mtar tech
Poonawalla fin
Hind copper
Nocil

Negative stocks

Gillette
PNB housing
Prince pipes

Adani Ports October Update
▶️Handled cargo volume of 24.76 mt, up 7% MoM
▶️Hazira Port handled record liquid cargo volume of 0.49 mt, highest ever

If You See This Price Action Pattern, Prepare for a Sharp Move !!

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