Stocks To Watch 02/12/2021
RITES: The Ministry of Railways has intimated the company that a new line between Belgam and Dharwad via Kittur, a new Shimoga-Shikaripura-Ranebennur line, and Tumkur-Devangere via Chitradurga new line project will not be executed by the company.
Raymond: Board of directors of JK Files & Engineering, a wholly-owned material subsidiary of the company, approved an initial public offering comprising of an offer for sale for Rs 800 crore.
Mahindra Logistics: The company and LOGOS have entered into a long-term lease agreement for 1.4 million square feet of warehouse facilities at the LOGOS Luhari Logistics Estate in Delhi NCR. Under the agreement, LOGOS will develop three Grade-A warehouses totaling 1.4 mmsf for the company at the LOGOS Luhari Logistics Estate.
Infosys: The company has extended its strategic collaboration with Proximus to digitally transform, develop, and maintain their IT applications with leading AI and automation solutions.
Maruti Suzuki India: Total production in November down 3.10% to 1,45,560 units Vs 1,50,221 units last year.
Coal India: Production in November up 4.1% year-on-year to 53.8 MT versus 51.7 MT. Offtake up 10.8% year-on-year to 56.8 MT versus 51.3 MT. These are provisional production and off-take numbers of CIL and its subsidiary companies for November.
JMC Projects (India): The company has secured new orders of Rs 1,795 crore. The orders include water supply projects in India of Rs 1,085 crore and B&F projects of Rs 710 crore.
IndiGrid Investment Managers: The consortium of IndiGrid 1 and IndiGrid 2 has received the letter of intent from REC Power Development and Consultancy to establish transmission system for evacuation of power from renewable projects in Osmanabad (1 GW) in Maharashtra on build, own, operate and maintain basis.
Jindal Steel & Power: Vijaya Gupta has taken charge as the CFO of the company.
MIRC Electronics: The company has appointed Deepak Sarawagi as interim chief financial officer with effect from December 1.
GAIL (India): The company has appointed Rakesh Kumar Jain as an additional director with effect from December 1, to hold the post of Director (Finance) and CFO.
Indiamart Intermesh: The company has bought a stake in Mynd Solutions for Rs 32.4 crore.
Reliance Industries: Reliance New Energy Solar completed acquisition of 100% shareholding of REC Solar Holdings AS from China National Bluestar (Group) Co Ltd.
Reliance Power: Default on loan repayments due Oct. 31
November Auto Sales
Eicher Motors: Total Royal Enfield sales up 17.04% at 51,654 units Vs 44,133 units. Exports up 93.75% at 6,824 units Vs 3,522 units.
Hero MotoCorp: Overall sales fall 36.23% at 3,49,393 units Vs 5,47,970 units. Motorcycle sales down 34.93% at 3,29,185 units Vs 5,05,957 units. Exports up 1.61% at 20,531 units Vs 20,191 units.
RITES: The Ministry of Railways has intimated the company that a new line between Belgam and Dharwad via Kittur, a new Shimoga-Shikaripura-Ranebennur line, and Tumkur-Devangere via Chitradurga new line project will not be executed by the company.
Raymond: Board of directors of JK Files & Engineering, a wholly-owned material subsidiary of the company, approved an initial public offering comprising of an offer for sale for Rs 800 crore.
Mahindra Logistics: The company and LOGOS have entered into a long-term lease agreement for 1.4 million square feet of warehouse facilities at the LOGOS Luhari Logistics Estate in Delhi NCR. Under the agreement, LOGOS will develop three Grade-A warehouses totaling 1.4 mmsf for the company at the LOGOS Luhari Logistics Estate.
Infosys: The company has extended its strategic collaboration with Proximus to digitally transform, develop, and maintain their IT applications with leading AI and automation solutions.
Maruti Suzuki India: Total production in November down 3.10% to 1,45,560 units Vs 1,50,221 units last year.
Coal India: Production in November up 4.1% year-on-year to 53.8 MT versus 51.7 MT. Offtake up 10.8% year-on-year to 56.8 MT versus 51.3 MT. These are provisional production and off-take numbers of CIL and its subsidiary companies for November.
JMC Projects (India): The company has secured new orders of Rs 1,795 crore. The orders include water supply projects in India of Rs 1,085 crore and B&F projects of Rs 710 crore.
IndiGrid Investment Managers: The consortium of IndiGrid 1 and IndiGrid 2 has received the letter of intent from REC Power Development and Consultancy to establish transmission system for evacuation of power from renewable projects in Osmanabad (1 GW) in Maharashtra on build, own, operate and maintain basis.
Jindal Steel & Power: Vijaya Gupta has taken charge as the CFO of the company.
MIRC Electronics: The company has appointed Deepak Sarawagi as interim chief financial officer with effect from December 1.
GAIL (India): The company has appointed Rakesh Kumar Jain as an additional director with effect from December 1, to hold the post of Director (Finance) and CFO.
Indiamart Intermesh: The company has bought a stake in Mynd Solutions for Rs 32.4 crore.
Reliance Industries: Reliance New Energy Solar completed acquisition of 100% shareholding of REC Solar Holdings AS from China National Bluestar (Group) Co Ltd.
Reliance Power: Default on loan repayments due Oct. 31
November Auto Sales
Eicher Motors: Total Royal Enfield sales up 17.04% at 51,654 units Vs 44,133 units. Exports up 93.75% at 6,824 units Vs 3,522 units.
Hero MotoCorp: Overall sales fall 36.23% at 3,49,393 units Vs 5,47,970 units. Motorcycle sales down 34.93% at 3,29,185 units Vs 5,05,957 units. Exports up 1.61% at 20,531 units Vs 20,191 units.
Nifty 50 - Price Action Still says Sellers are in Control.
https://youtu.be/ECgeqYuIbPo - click here.
https://youtu.be/ECgeqYuIbPo - click here.
YouTube
Nifty 50 - Price Action Still Says Sellers are in Control !!
Nifty 50 Seems have fallen a bit so far, So what's likely to happen next? Have we found the Bottom ? Well not Yet ! - So says the Price Action ! Watch the Video completely to understand the Outlook..
#Nifty50 #Priceaction #Sensex #Stockmarket
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#Nifty50 #Priceaction #Sensex #Stockmarket
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U.S NONFARM PAYROLLS (NOV) ACTUAL: 210K VS 531K PREVIOUS; EST 550K
U.S UNEMPLOYMENT RATE (NOV) ACTUAL: 4.2% VS 4.6% PREVIOUS; EST 4.5%
FORCE MOTORS:
NOVEMBER TOTAL SALES 772 UNITS VS 1,128 UNITS (YOY); 1,738 UNITS (MOM)
CO SAYS NOV TOTAL PRODUCTION 1135 UNITS
TECH MAHINDRA:
CO UNIT TO ACQUIRE 100% EQUITY SHARES IN ACTIVUS CONNECT LLC AND ACTIVUS CONNECT PR LLC
CO SAYS WILL PAY TOTAL CONSIDERATION OF UPTO $62M
CO SAYS ACQUISITION TO BOLSTER CO'S CAPABILITIES IN EMERGING WORKPLACE SOLUTIONS
U.S UNEMPLOYMENT RATE (NOV) ACTUAL: 4.2% VS 4.6% PREVIOUS; EST 4.5%
FORCE MOTORS:
NOVEMBER TOTAL SALES 772 UNITS VS 1,128 UNITS (YOY); 1,738 UNITS (MOM)
CO SAYS NOV TOTAL PRODUCTION 1135 UNITS
TECH MAHINDRA:
CO UNIT TO ACQUIRE 100% EQUITY SHARES IN ACTIVUS CONNECT LLC AND ACTIVUS CONNECT PR LLC
CO SAYS WILL PAY TOTAL CONSIDERATION OF UPTO $62M
CO SAYS ACQUISITION TO BOLSTER CO'S CAPABILITIES IN EMERGING WORKPLACE SOLUTIONS
Stocks To Watch 06/12/2021
Eris Lifesciences: The company has formed a joint venture with MJ Biopharm to enter the insulin segment. The 70:30 JV (with Eris holding a 70% stake) will primarily engage in the marketing and distribution of human and analogue insulins (Glargine, Aspart, Lispro) and GLP-1 agonists (Liraglutide) among other biopharma products in India.
Tech Mahindra: The company has acquired Activus Connect for $62 million. The acquisition will bolster Tech Mahindra’s capabilities in emerging workplace solutions and strengthen end-to-end CX portfolio.
Lupin: The company has entered into a distribution and marketing agreement with Biomm SA in Brazil. Under the agreement, Biomm will distribute and market biosimilar Pegfilgrastim in Brazil.
Lloyds Metals and Energy: The mining lease granted to the company for iron ore mines over an area of 348.09 Ha. in Surjagad (Wooria Hill) in Gadchiroli district has been extended for a further period of 30 years and is now valid up till May 2, 2057.
Carborundum Universal: CUMI International, Cyprus, a wholly-owned subsidiary of the company, has entered into an agreement to acquire an existing company in Germany which will become a step-down subsidiary of CUMI. This acquisition will facilitate a base in European Union facilitating CUMI Group accessing markets in EU for its portfolio viz., abrasives, ceramics and electrominerals.
Tatva Chintan Pharma Chem: Appointed Ashok Bothra as Chief Financial Officer and Key Managerial Personnel of the company.
NMDC: Declared interim dividend of Rs 9.01 per share for the financial year 2021- 22. It has fixed December 15 as the record date for the payment of dividend.
Force Motors: The company’s total production in November stood at 1,135 units. It reported domestic sales of 772 units and exported 362 units.
TeamLease Services: The company has sold its entire shareholding in subsidiary IIJT Education.
JK Cement: Approved the scheme of amalgamation of Jaykaycem (Central) with the company with effect from appointed date of April 1, 2021.
Dr Lal PathLabs: Approved the reappointment of Arvind Lal as executive chairman and whole-time director of the company, for a period of five years commencing from April 1, 2022.
Coal India: Aims to move 555 million tonnes Coal per year via mechanised means; India has 14 rail projects at Rs 22,070 crore cost for Coal Transport
Dish TV India: To convene shareholders’ meeting on Dec. 30
Oberoi Realty: To consider part-redemption of NCDs
Eris Lifesciences: The company has formed a joint venture with MJ Biopharm to enter the insulin segment. The 70:30 JV (with Eris holding a 70% stake) will primarily engage in the marketing and distribution of human and analogue insulins (Glargine, Aspart, Lispro) and GLP-1 agonists (Liraglutide) among other biopharma products in India.
Tech Mahindra: The company has acquired Activus Connect for $62 million. The acquisition will bolster Tech Mahindra’s capabilities in emerging workplace solutions and strengthen end-to-end CX portfolio.
Lupin: The company has entered into a distribution and marketing agreement with Biomm SA in Brazil. Under the agreement, Biomm will distribute and market biosimilar Pegfilgrastim in Brazil.
Lloyds Metals and Energy: The mining lease granted to the company for iron ore mines over an area of 348.09 Ha. in Surjagad (Wooria Hill) in Gadchiroli district has been extended for a further period of 30 years and is now valid up till May 2, 2057.
Carborundum Universal: CUMI International, Cyprus, a wholly-owned subsidiary of the company, has entered into an agreement to acquire an existing company in Germany which will become a step-down subsidiary of CUMI. This acquisition will facilitate a base in European Union facilitating CUMI Group accessing markets in EU for its portfolio viz., abrasives, ceramics and electrominerals.
Tatva Chintan Pharma Chem: Appointed Ashok Bothra as Chief Financial Officer and Key Managerial Personnel of the company.
NMDC: Declared interim dividend of Rs 9.01 per share for the financial year 2021- 22. It has fixed December 15 as the record date for the payment of dividend.
Force Motors: The company’s total production in November stood at 1,135 units. It reported domestic sales of 772 units and exported 362 units.
TeamLease Services: The company has sold its entire shareholding in subsidiary IIJT Education.
JK Cement: Approved the scheme of amalgamation of Jaykaycem (Central) with the company with effect from appointed date of April 1, 2021.
Dr Lal PathLabs: Approved the reappointment of Arvind Lal as executive chairman and whole-time director of the company, for a period of five years commencing from April 1, 2022.
Coal India: Aims to move 555 million tonnes Coal per year via mechanised means; India has 14 rail projects at Rs 22,070 crore cost for Coal Transport
Dish TV India: To convene shareholders’ meeting on Dec. 30
Oberoi Realty: To consider part-redemption of NCDs
5 - companies with strong
financial shape with more
than 5% dividend yield.
1. Goodyear 9.97%
2. NMDC 5.31%
3. HPCL 7.61%
4. SJVN 7.80%
5. PTC Ind 6.68%
(Not a buy recommendation)
financial shape with more
than 5% dividend yield.
1. Goodyear 9.97%
2. NMDC 5.31%
3. HPCL 7.61%
4. SJVN 7.80%
5. PTC Ind 6.68%
(Not a buy recommendation)
Stocks To Watch
IDFC: Board approves draft scheme of amalgamation. IDFC Alternatives Ltd., IDFC Trustee Company Ltd. and IDFC Projects Ltd. proposed to be merged with IDFC Ltd. for streamlining of corporate structure and to focus on operating businesses.
Tata Motors: Company to raise commercial vehicle prices in the range of 2.5%.
Wipro: Launched a supply chain command center solution in partnership with Celonis.
GHCL, Indo Count Industries: GHCL to sell home textiles business to Indo Count for Rs 576 crore. GHCL has also approved the scheme of demerger of its spinning business.
GSS Infotech: Acquires 100% of Indian “farm to store” company Polimeraas, with a combination of stock and cash at a valuation of Rs 250 crore.
Route Mobile: Company’s wholly-owned subsidiary, Routesms Solutions acquires Interteleco International for Modern Communication Services, Kuwait.
Vedanta: Company extends the date by which holders can surrender their ADSs to the Depositary in exchange for the underlying equity shares of the company from Dec. 8 to Jan. 10, 2022.
Sobha: Long term rating of A+ and short term rating of A1 reaffirmed and withdrawn by CRISIL.
Karnataka Bank: Partners with Toyota Kirloskar Motor Pvt. Ltd. to extend retail vehicle finance support to its customers. InterGlobe Aviation: Company has received a joint requisition from IGE Group and RG Group, who collectively hold 74.44% of the paid-up equity share capital of the Company, to convene a
an Extraordinary General Meeting of the for removing the Transfer Restriction Articles from the Articles of Association of the Company. EGM to be held on Dec. 30.
Ujjivan Small Finance Bank: Appoints Ittira Davis as CEO for three years.
Indian Oil: Rosneft signs deal to supply as much as two million tons of crude to company in 2022.
Reliance Capital's Insolvency: NCLT admits RBI's application.
Castrol India: Company, BP ink jv extension pact with Vietnam’s Petrolimex.
HCL Technologies: Plans to create 12k jobs in U.S. in next five-years.
IL&FS Transportation: To sell 85.5% stake in Moradabad Bareilly.
Indo Count Industries: Buys home textile business of GHCL valued at Rs 576 crore.
IDFC: Board approves draft scheme of amalgamation. IDFC Alternatives Ltd., IDFC Trustee Company Ltd. and IDFC Projects Ltd. proposed to be merged with IDFC Ltd. for streamlining of corporate structure and to focus on operating businesses.
Tata Motors: Company to raise commercial vehicle prices in the range of 2.5%.
Wipro: Launched a supply chain command center solution in partnership with Celonis.
GHCL, Indo Count Industries: GHCL to sell home textiles business to Indo Count for Rs 576 crore. GHCL has also approved the scheme of demerger of its spinning business.
GSS Infotech: Acquires 100% of Indian “farm to store” company Polimeraas, with a combination of stock and cash at a valuation of Rs 250 crore.
Route Mobile: Company’s wholly-owned subsidiary, Routesms Solutions acquires Interteleco International for Modern Communication Services, Kuwait.
Vedanta: Company extends the date by which holders can surrender their ADSs to the Depositary in exchange for the underlying equity shares of the company from Dec. 8 to Jan. 10, 2022.
Sobha: Long term rating of A+ and short term rating of A1 reaffirmed and withdrawn by CRISIL.
Karnataka Bank: Partners with Toyota Kirloskar Motor Pvt. Ltd. to extend retail vehicle finance support to its customers. InterGlobe Aviation: Company has received a joint requisition from IGE Group and RG Group, who collectively hold 74.44% of the paid-up equity share capital of the Company, to convene a
an Extraordinary General Meeting of the for removing the Transfer Restriction Articles from the Articles of Association of the Company. EGM to be held on Dec. 30.
Ujjivan Small Finance Bank: Appoints Ittira Davis as CEO for three years.
Indian Oil: Rosneft signs deal to supply as much as two million tons of crude to company in 2022.
Reliance Capital's Insolvency: NCLT admits RBI's application.
Castrol India: Company, BP ink jv extension pact with Vietnam’s Petrolimex.
HCL Technologies: Plans to create 12k jobs in U.S. in next five-years.
IL&FS Transportation: To sell 85.5% stake in Moradabad Bareilly.
Indo Count Industries: Buys home textile business of GHCL valued at Rs 576 crore.
Stocks To Watch
SpiceJet: The Madras High Court has ordered winding up of the airline on grounds that it failed to clear debt owed to Credit Suisse AG. The order by the single-judge bench of Justice R Subramanian directed the official liquidator to take over the assets of the airline for liquidation but granted a three-week stay at the request of the company to appeal against the order.
Reliance Industries: To set up a $2-billion joint venture for chemicals production with UAE’s Ta’ziz.
Praj Industries: Announced patented product called Biosyrup to process sugarcane juice for round-the-year ethanol production.
Hindustan Zinc: Approves interim dividend of Rs 18 per share.
Brightcom Group: To buy Vuchi Media Pvt. Ltd. for Rs 566 crore.
NHPC: Approved proposal for monetization by securitization through bidding process of return on equity of Chamera-1 Power Station, Himachal Pradesh and to further monetize the return on equity of one or more power stations.
Imagicaaworld Entertainment: To reopen Mumbai water park from Dec. 17.
Jindal Steel and Power: November steel production of 6.74 lakh tonnes was up 10% year-on-year. Steel sales stood at 5.39 lakh tonnes and exports contributed 15% to the total sales volumes.
SpiceJet: The Madras High Court has ordered winding up of the airline on grounds that it failed to clear debt owed to Credit Suisse AG. The order by the single-judge bench of Justice R Subramanian directed the official liquidator to take over the assets of the airline for liquidation but granted a three-week stay at the request of the company to appeal against the order.
Reliance Industries: To set up a $2-billion joint venture for chemicals production with UAE’s Ta’ziz.
Praj Industries: Announced patented product called Biosyrup to process sugarcane juice for round-the-year ethanol production.
Hindustan Zinc: Approves interim dividend of Rs 18 per share.
Brightcom Group: To buy Vuchi Media Pvt. Ltd. for Rs 566 crore.
NHPC: Approved proposal for monetization by securitization through bidding process of return on equity of Chamera-1 Power Station, Himachal Pradesh and to further monetize the return on equity of one or more power stations.
Imagicaaworld Entertainment: To reopen Mumbai water park from Dec. 17.
Jindal Steel and Power: November steel production of 6.74 lakh tonnes was up 10% year-on-year. Steel sales stood at 5.39 lakh tonnes and exports contributed 15% to the total sales volumes.