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.
Stocks To Watch
Mahindra & Mahindra, Reliance Industries: Reliance BP Mobility Ltd., operating under the brand name Jio-bp and Mahindra Group announced a non-binding MoU for exploring creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels.
NHPC: Approved the amalgamation of Lanco Teesta Hydro Power Ltd. with self.
Gland Pharma: Received tentative approval from the United States Food and Drug Administration for Cangrelor injection. Company may be eligible for 180 days of generic drug exclusivity.
Vedanta: Board to consider second interim dividend on equity shares on Dec. 11.
Coffee Day Enterprises: Received show cause notice from SEBI over fund flow from subsidiaries, that surfaced after investigation was done on the letter left by late managing director V.G. Siddhartha. Company says will deal with the show cause notice appropriately as advised.
Can Fin Homes: Company to consider the proposal of payment of interim dividend on Dec. 14.
United Breweries: Filed an appeal before the National Company Law Appellate Tribunal against the CCI order dated Sept. 24.
Nazara Technologies: Company through its wholly owned subsidiary i.e. Nazara Technologies FZ-LLC, is now holding 69.18% stake in Publishme Global FZ-LLC, a Turkish full service games marketing agency.
Indian Energy Exchange: Approves two-for-one bonus share issue.
HCL Technologies: Partners up with Deutsche Apotheker und Ärztebank eG (apoBank), the largest cooperative primary bank in Germany to acquire Gesellschaft für Banksysteme GmbH (gbs). Post-closing, HCL will own 51%, while apoBank will own 49% stake of gbs.
RailTel, Ircon: RailTel receives order from Ircon International for a tunnel communication system on the Dharam-Banihal section of Jammu Kashmir Rail Link Project for Rs 210.7 crore.
IndiaBulls Housing Finance: Announces public issue of NCDs aggregating up to Rs 1,000 crore.
Balrampur Chini Mills: CRISIL AA+/Stable and A1+ for long-term and short-term assigned to the company.
UPL: Invested Rs 1.3 crore in 2,996 compulsorily convertible preference shares of Allfresh Supply Management Pvt. Ltd.
Neogen Chemicals: Approves issuance of equity shares on preferential basis aggregating to Rs 225 crore to SBI Mutual Fund, Axis Mutual Fund, Plutus Wealth Management LLP and White Oak Capital. EGM fixed for Dec. 31.
JSW Steel: Says it has maintained its leadership rating of ‘A-’ in the 2021 CDP Climate Change assessment.
Asian Paints: Responded to a report by InGovern that alleges the company entered transactions with some of its related parties and failed to mitigate alleged conflict of interests.
Mahindra & Mahindra, Reliance Industries: Reliance BP Mobility Ltd., operating under the brand name Jio-bp and Mahindra Group announced a non-binding MoU for exploring creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels.
NHPC: Approved the amalgamation of Lanco Teesta Hydro Power Ltd. with self.
Gland Pharma: Received tentative approval from the United States Food and Drug Administration for Cangrelor injection. Company may be eligible for 180 days of generic drug exclusivity.
Vedanta: Board to consider second interim dividend on equity shares on Dec. 11.
Coffee Day Enterprises: Received show cause notice from SEBI over fund flow from subsidiaries, that surfaced after investigation was done on the letter left by late managing director V.G. Siddhartha. Company says will deal with the show cause notice appropriately as advised.
Can Fin Homes: Company to consider the proposal of payment of interim dividend on Dec. 14.
United Breweries: Filed an appeal before the National Company Law Appellate Tribunal against the CCI order dated Sept. 24.
Nazara Technologies: Company through its wholly owned subsidiary i.e. Nazara Technologies FZ-LLC, is now holding 69.18% stake in Publishme Global FZ-LLC, a Turkish full service games marketing agency.
Indian Energy Exchange: Approves two-for-one bonus share issue.
HCL Technologies: Partners up with Deutsche Apotheker und Ärztebank eG (apoBank), the largest cooperative primary bank in Germany to acquire Gesellschaft für Banksysteme GmbH (gbs). Post-closing, HCL will own 51%, while apoBank will own 49% stake of gbs.
RailTel, Ircon: RailTel receives order from Ircon International for a tunnel communication system on the Dharam-Banihal section of Jammu Kashmir Rail Link Project for Rs 210.7 crore.
IndiaBulls Housing Finance: Announces public issue of NCDs aggregating up to Rs 1,000 crore.
Balrampur Chini Mills: CRISIL AA+/Stable and A1+ for long-term and short-term assigned to the company.
UPL: Invested Rs 1.3 crore in 2,996 compulsorily convertible preference shares of Allfresh Supply Management Pvt. Ltd.
Neogen Chemicals: Approves issuance of equity shares on preferential basis aggregating to Rs 225 crore to SBI Mutual Fund, Axis Mutual Fund, Plutus Wealth Management LLP and White Oak Capital. EGM fixed for Dec. 31.
JSW Steel: Says it has maintained its leadership rating of ‘A-’ in the 2021 CDP Climate Change assessment.
Asian Paints: Responded to a report by InGovern that alleges the company entered transactions with some of its related parties and failed to mitigate alleged conflict of interests.