*SGX Nifty +56 pts (18250) from last trade 18194 ,*


Nikkei +234 pts ,
Hangseng +99 pts ,
Now @7.02am .


Dow -45.41 pts ,Nsdq -121.55 pts, S&P
-15.40 pts , Bovespa +838 pts , Ftse -8 pts , Dax -51 pts , Cac -10 pts , Crude @ $79.73 brl (+0.00), Brent @ $87.79 brl (+0.17) , Gold @ 1739.90 (+0.30), Silver @ $20.885 (+0.001), Euro @ $1.0243, JPY @ $142.07, INR @ 81.705




*Today's Corporate Action*
*22nd Nov Ex Date*



ASMTEC
Interim Dividend - Rs. - 1.0000
CONCOR
Interim Dividend - Rs. - 3.0000
EIDPARRY
Interim Dividend - Rs. - 5.5000
GESHIP
Interim Dividend - Rs. - 7.2000
INGERRAND
Interim Dividend - Rs. - 7.0000
INGERRAND
Special Dividend - Rs. - 23.0000
IPCALAB
Interim Dividend - Rs. - 4.0000
MANAPPURAM
Interim Dividend - Rs. - 0.7500
MORGANITE
Interim Dividend - Rs. - 9.0000
NXTDIGITAL
Spin Off     
PGIL
Interim Dividend - Rs. - 2.5000



*Today's Key Results/Board Meetings*
*22-Nov-22*



HARISH
General    
NITCO
General;Quarterly Results    
PTC
Quarterly Results;Audited Results;Final Dividend  
SIEMENS
Audited Results;Final Dividend    
TRINITYLEA
Preferential Issue of shares    
VEDL
Interim Dividend
   



*Stock under F&O ban on NSE*
*22-Nov-22*



1 ESCORTS
2 GNFC
3 IBULHSGFIN
4 PNB
5 SUNTV

Stocks In News

Keystone Realtors

Keystone Realtors shares to list on November 24. The real estate development company under 'Rustomjee' brand will debut on the BSE and NSE on November 24. The issue price has been fixed at Rs 541 per share.



HEG

Life Insurance Corporation of India offloads 2% stake in HEG. Life Insurance Corporation of India has offloaded more than 2% equity stake or 7.76 lakh shares in HEG via open market transactions. With this, LIC reduced its shareholding in the company to 4.84%, from 6.85% earlier.



Can Fin Homes

Can Fin Homes to consider interim dividend in board meeting on November 28. The company said its board of directors will hold a meeting to consider a proposal for payment of 'interim dividend' for FY23, on November 28. They will also fix record date for payment of interim dividend, if any.



Fino Payments Bank

Capri Global Holdings picks 1.58% stake in Fino Payments Bank. Investor Capri Global Holdings has picked 1.58% stake or 13.19 lakh shares in Fino Payments Bank via open market transactions. These shares were bought at an average price of Rs 228.77 per share.



Inox Green Energy Services

Polus Global Fund exits Inox Green Energy Services; Elara India, Nomura Singapore, Yes Bank sell 2% shares. Foreign portfolio investor Polus Global Fund exited the wind power operation and maintenance services provider by selling entire 53.85 lakh shares at an average price of Rs 61.21 per share. Elara India Opportunities Fund sold 22.07 lakh shares at an average price of Rs 60.17 per share, Nomura Singapore offloaded 14.6 lakh shares at Rs 60.35 per share, and Yes Bank sold 23.07 lakh shares at an average price of Rs 61.01 per share, which in total was 2% of paid-up equity shares. However, ICM Finance bought 20.4 lakh shares in Inox Green at an average price of Rs 61.82 per share, and Pilot Consultants acquired 57.66 lakh shares at an average price of Rs 60.61 per share.



Mahindra & Mahindra Financial Services

Life Insurance Corporation of India picks additional 2.01% stake in M&M Financial Services. Life Insurance Corporation of India bought additional 2.01% shares in M&M Financial Services via open market transactions, increasing the shareholding to 7.02% from 5.01% earlier.



IIFL Wealth Management

General Atlantic Singapore Fund offloads 15.12% stake in IIFL Wealth Management. Investor General Atlantic Singapore Fund Pte Ltd sold 15.12% stake in the company via off market transactions on November 22. With this, General Atlantic's shareholding in the company reduced to 5.84% from 20.96% earlier.



Voltamp Transformers

Nippon India Mutual Fund picks nearly 3% stake in Voltamp Transformers. Nippon India Mutual Fund bought additional 3 lakh shares in the company at an average price of Rs 2,650 per share, whereas Nalanda India Fund offloaded 4.2 lakh shares at an average price of Rs 2,651.56 per share. Nippon Life India already held 5.47% stake and Nalanda India Fund had 7.79% shareholding in the company as of September 2022.



HG Infra Engineering

HG Infra Engineering receives appointed date letter from Adani Road Transport for road project in Uttar Pradesh. The company has received a letter from Adani Road Transport regarding declaration of appointed date as November 3, by Authority for project in Uttar Pradesh. The company will execute civil and associated works on engineering procurement & construction basis for development of an access-controlled six lane road project in Uttar Pradesh on DBFOT (toll) basis under PPP. The project will be completed within 820 days from appointed date.

*Good Morning*
• India Seeks to Shrink Budget Deficit as Global Headwinds Loom
o Fin min wants to cut the budget gap by atleast 50 bps
• India, UAE Central Banks Discussing Rupee-Dirham Trade Mechanism
• India to Start One Tariff for Single Gas Pipelines From April
• A Great Rotation Is Brewing in Asia as Investors Head North
• Egypt President to be Chief Guest at India Republic Day Jan. 26
• Adani’s Flagship Plans to Raise $2.5 Billion Via New Share Sale
o Fundraising to help expand investor base, improve debt
• Farmers in India Boost Acreage of Winter-Sown Wheat and Oilseeds
• India Federal Govt Releases INR170b GST Compensation to States
• India Banking Regulator Asks Paytm Unit to Reapply for License
• SoftBank-Backed Oyo Posts Narrower Loss After Curbing Expenses
• Forex Reserves Rose $2.5b to $547.2b in a Week to Nov. 18
• India’s Top Court to Consider Legalizing Same-Sex Marriage
• India’s SEBI Outlines Rules for Technical Outages at Brokers
• Stocks in India Post Weekly Gain as Tech Stocks Extend Rally
• Global Funds Buy Net INR12.3B of India Stocks on Friday : NSE
o Domestic funds sell net 2.96b rupees of stocks
• Indian pharma exports rise 4.22% to USD 14.57b during April-Oct. FY23: PTI
• Gold imports fall 17% in Apr-Oct to $24 bn: PTI
• Amazon Shutting India Food-Delivery Business: Economic Times
• CII urges RBI to moderate pace of interest rates hikes: PTI
• 10 trade unions boycott finance ministry’s virtual pre-budget consultations, demand physical meeting: PTI
• 11am: Finance Minister Nirmala Sitharaman will hold the pre-budget meeting with Trade Union and Labour Organization
• 3pm: Finance Minister Nirmala Sitharaman will hold the pre-budget meeting with Economist Group
• Emami Paper (EPML): To consider interim CFO appointment on Nov. 28
• Life Insurance Corp (LICI): Stake in Siemens India to 3.1% from 5*WABAG AND ADB ENTER INTO A STRATEGIC FUNDING TIE UP.2% since July 18; holding in DCM falls to 4.21%
• L&T Finance (LTFH): Gets INR 34.84 for nutual fund unit sold to HSBC; realized INR7.64b surplus cash in MF unit
• Shriram Properties (SHRIRAMP): Acquires Suvilas Realities Private
• VA Tech Wabag (VATW): Tie-up with ADB for strategic funding to raise INR2b via bonds
• Waaree Renewable Tech (xxx): Wins order for EPC works for solar power project of 52.5 MWp DC with provision of land, infrastructure and approvals for 70 MWp DC

*SGX Nifty -9 pts (18665) from last trade 18674 ,*


Nikkei -207 pts ,
Hangseng +150 pts ,
Now @6.52am .


Dow +1.58 pts ,Nsdq -56.34 pts, S&P
-7.34 pts , Bovespa -1120 pts , Ftse -32 pts , Dax -82 pts , Cac -27 pts , Crude @ $72.55 brl (+0.54), Brent @ $77.39 brl (-1.96) , Gold @ 1799.30 (+1.30), Silver @ $22.89 (-0.03), Euro @ $1.0512, JPY @ $136.36, INR @ 82.205




*Today's Corporate Action*
*8th Dec Ex Date*



ALKALI
E.G.M.     
APTUS
Interim Dividend - Rs. - 2.0000
BLS
Bonus issue 1:1  
CANFINHOME
Interim Dividend - Rs. - 1.5000




*Today's Key Results/Board Meetings*
*8-Dec-22*



CAPFIN
General        
MFSINTRCRP
Quarterly Results      
YASHINNO
Scheme of Arrangement  




*Stock under F&O ban on NSE*
*8-Dec-22*



1 GNFC

2 IBULHSGFIN

3 PNB

*Sharekhan Stock Idea- 3R Recommendation*
*Apollo Tyres Ltd*
*Rolling ahead on strong growth path*
*Rating: Buy*
(CMP: 317, Price Target: 372)
*Company Description*
ATL is the second largest tyre manufacturer in India. ATL is a diversified player present in India as well as Europe. Indian business contributes about 70% to revenue, while European business contributes about 30%. With its recent entry into the two-wheeler space, ATL has become a full-fledged tyre player present across automotive categories viz. passenger vehicles, commercial vehicles, and two-wheelers. The OEM segment contributes about 27% to revenue, while the replacement segment accounts for the balance 73%.

*Key Investment Arguments*
• We maintain a Buy on Apollo Tyres Limited (ATL) with a revised PT of Rs. 372, led by expected market share gains by the company in key segments and markets and attractive valuations.
• ATL is expected to maintain its earnings growth momentum, by increasing focus on premium tyre sub-segments, maintaining dominancy in key segments in India and a firm capital allocation strategy.
• We expect ATL’s earnings to clock a 43.1% CAGR during FY2022-FY2025E, driven by an 11% revenue CAGR and a 220-bps EBITDA margin expansion to 14.5% in FY2025E.
• Stock trades attractively at P/E multiple of 10.7x and EV/EBITDA multiple of 5.4x its FY2025E estimates.

[14/12, 8:38 am] Shivam Advisory: *Sharekhan Stock Idea- 3R Recommendation*
*V-Guard Industries Ltd*
*Sunflame acquisition - a good inorganic bet*
*Rating: Buy*
(CMP: 261, Price Target: 320)
*Company Description*
V-Guard is a major electrical appliances manufacturer in India and the largest in Kerala. The company is one of India’s consumer goods companies with diversified product offerings. Headquartered in Kochi, Kerala, the company now has over 500 distributors, 30,000 retailers, and numerous branches across India. The company manufactures voltage stabilisers, electrical cables, electric pumps, electric motors, geysers, solar water heaters, air coolers, and UPSs. The company’s business segments comprise electronics, electricals, and consumer durables, which contributed 23.5%, 30.6%, and 45.9%, respectively, to FY2022 revenue.

*Key Investment Arguments*
• We retain our Buy rating on V-Guard Industries Limited (V-Guard) with a revised PT of Rs. 320, as we are positive on its acquisition of Sunflame Enterprises and bullish on its organic growth prospects.
• The combined kitchen appliances business would have revenues of ~Rs. 500 crore and will set the tone for V-Guard’s ambition to become a significant player in the domestic kitchen appliances industry. This would help V-Guard unlock synergy benefits in areas like geography, product portfolio and channels since Sunflame has strong presence in north and west through traditional channels, while V-Guard is predominantly present in south region and is active on e-Commerce and modern trade platforms.
• The acquisition is reasonably priced at EV/Sales of ~1.9x. Although revenue accretive, the acquisition maybe earnings neutral/marginally dilutive for FY2024E (high interest cost, decline in other income due to lower cash).
• We expect revenues/PAT CAGR of ~19%/~23% over FY2022-FY2025E (not factoring in Sunflame acquisition).
[14/12, 8:48 am] Shivam Advisory: *SGX Nifty +70 pts (18782) from last trade 18712 ,*


Nikkei +135 pts ,
Hangseng +179 pts ,
Now @6.54am .


Dow +103.60 pts ,Nsdq +113.08 pts, S&P
+29.09 pts , Bovespa -1803 pts , Ftse +56 pts , Dax +191 pts , Cac +94 pts , Crude @ $75.28 brl (-0.11), Brent @ $80.39 brl (+2.40) , Gold @ 1822.30 (-3.20), Silver @ $23.935 (-0.05), Euro @ $1.062, JPY @ $135.66, INR @ 82.375




*Today's Corporate Action*
*14th Dec Ex Date*




ALSTONE
Bonus issue 9:1  
ALSTONE
Stock  Split From Rs.10/- to Rs.1/-
TELESYS
E.G.M. 



*Today's Key Results/Board Meetings*
*14-Dec-22*





AMAL
Right Issue of Equity Shares
DIAPOWER
Quarterly Results  
GLCL
Bonus issue  
KAMATHOTEL
Issue Of Warrants;Preferential Issue of shares
KSERASERA
General    
MFSINTRCRP
Quarterly Results  
MKEXIM
General    
SBIN
General    
SICAPIT
General    
TIJARIA
General
ZODJRDMKJ
General




*Stock under F&O ban on NSE*
*14-Dec-22*




1 BHEL

2 DELTACORP

3 GNFC
[14/12, 8:49 am] Shivam Advisory: * Stocks in News*


*UltraTech Cement:* Commissioning 1.9 MTPA greenfield clinker-backed grinding capacity at Pali, Rajasthan. (Positive)

*Reliance Ind:* Heads Up Ventures enters into a pact with Reliance Retail to sell its products (Positive)

*Tata Motors:* Board approves partial divestment of the company’s investment in Subsidiary Tata Technologies through IPO route (Positive)

*HDFC:* BSE & NSE give in-principle approval to merger with HDFC Bank (Positive)

*Delta Corp/Nazara Tech:* GoM report on online gaming, casinos and race courses unlikely to be taken up in the upcoming council meeting (Positive)

*Bank of Baroda:* Board approved divestment of holding in Nainital Bank (Positive)

*TVS Motor:* Plans to launch Euro-5 two-wheelers in Turkey (Positive)

*Gold Loan NBFCs:* Gold prices pierced and sustained above $1800/oz (Positive)

*Oil upstream stocks:* Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Positive)

*PEL:* Piramal Capital acquired 100% stake in PRL Agastya for Rs 90 cr (Neutral)

*Yes Bank:* Board approves allotment of shares & warrants to Carlyle Group & Advent Intl (Neutral)

*Patel Engineering:* Company to consider fund raise via Rights Issue on December 16 (Neutral)

*Adani Transmission:* Says incorporates unit Adani Cooling Solutions (Neutral)

*IFB Industries:* The company has received approval from board of directors for investment of up to Rs 97 crore in equity issue of IFB Refrigeration in one or more tranches. (Neutral)

*Axis Bank:* The private sector lender has received board approval for allotment of 12,000 non-convertible, Basel III compliant Tier II bonds (Neutral)

*Sagar Cement:* Company to consider a draft scheme of amalgamation for the proposed merger of its wholly-owned subsidiary Jajpur Cements with itself (Neutral)

*Paytm:* Board approves Open Market share Buyback up to Rs 850 cr at max Rs 810/share. (Negative)

*Bayer Crop:* Company temporarily discontinued operations at crop protection formulations plant at Himatnagar (Negative)

*Oil downstream stocks:* Brent again crossed $80/barrel on supply risks amid ongoing Keystone outage (Negative)

Happy Republic Day ❤️

हिंडनबर्ग ने बताए थे जो दाम, अडानी के शेयर वहीं तक हो गए धड़ाम! - Earn Money https://earnmoneyhindi.com/web-stories/adani-share-news-today/