STOCKS in ACTION 22 Apr

NINtec Systems Limited recommends 1:2 bonus issue

Indian Oil Corp: Says Issued 25,000, 5.84% Non-Convertible Debentures Worth Up To 25b Rupees

Jai Balaji Industries Ltd to issue 5 crore warrants

Chembond Chemicals : Fire incident at Chembond Chemicals Limited's Tarapur plant

Adani Road Transport Ltd forms SPV for road project

3i Infotech bags Rs. 12 cr Digital BPS transformational deal with a leading insurance company in India

NTPC: Collaborates with Delhi Jal Board to convert waste into energy.

SVP Global Textiles Ltd gets Technical Textiles Expansion Approved under Govt's PLI Scheme

JSW Neo Energy signs MoU for 1,500 MW Hydro Pumped Storage MoU with Govt. of Telangana

L&T Technology Services awarded $100 million+ electric air mobility program from Jaunt Air Mobility

RailTel Corporation of India receives work order for Rs. 29.75 crore

TCS inaugurates Pace Port Pittsburgh, a Co-Innovation and Advanced Research Center at Carnegie Mellon University

TVS Motor Company announces additional investment of £100 million in Norton Motorcycle

Goa Carbon Ltd resumes operations at Bilaspur Unit from today

YES SECURITIES : CARE Ratings assigns A1 rating to YES SECURITIES Rs 100 crore Commercial paper

Jindal Steel And Power: Says Officials From Enforcement Directorate Visited For Seeking Business Related Information, Which Is Being Provided To Them

Pledged Shares Details

◆ Max Financial Services: Max Ventures Investment Holding created a pledge on 50,000 shares on April 19.

◆ Mangalore Chemicals & Fertilizers: Zuari Agro revoked a pledge on 8 lakh shares on April 19.

Bulk Deals

◆ Gland Pharma: Nicomac Machinery sold 53.79 lakh shares (3.27%) as Rs 3,200.66 apiece.

◆ HBL Power Systems Limited: Banyantree Growth Capital sold 18 lakhs shares (0.65%) at Rs 69.77 apiece.

Trading Tweaks

◆ Price Band Revised From 10% To 5%: Alkali Metals, VIP Clothing

◆ Price Band Revised From 20% To 10%: Archies, Chennai Petroleum, MRPL

◆ Price Band Revised From 20% To 5%: Walchandnagar Industries

Ex-Date Buyback: GAIL

◆ Ex-Date Interim Dividend: Nestle India

Stocks To Watch

◆ Jindal Steel and Power: The company said that its offices in in Delhi and Gurugram were visited by officials from Enforcement Directorate for seeking business related information.

◆ JSW Energy: The company's subsidiary JSW Neo Energy has signed a memorandum of understanding with Government of Telangana for setting up 1,500 MW capacity of Hydro Pumped Storage Project.

◆ RailTel: The company has received a work order from National Informatics Centre Services Incorporated in relation to assignment of work of immigration visa and foreigner registration and tracking at a total cost of Rs. 29.75 crore.

◆ TVS Motor: The company will invest an addition £100 million in Norton Motorcycle, which was acquired in 2020.

◆ L&T Technology Services: The company was awarded over $100 million electric air mobility deal from Jaunt Air Mobility. As part of the contract, LTTS will open an Engineering and R&D Centre in Québec Province for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL air taxi.

◆31 Infotech: The company signed a premium high mar Digital Business Process Services transformational de worth Rs 12 crore with an insurance company.

◆NTPC: Collaborates with Delhi Jal Board to convert waste into energy.

THE FRIDAY FACTOR!
2 days for bears, 2 for bulls, decider today
Nasdaq’s decline again leads to global weakness
Nifty closed well above the 200 DMA
FII selling down to a trickle
((SGX Nifty))

TRADE SETUP
SGX Nifty indicating a retest of 200 DMA
Indian market has shown some decoupling signs
Markets are making sharp moves in both directions
Tough to take any call beyond 1-2 days in this market
If 200 DMA of 17,185 holds, a rally is possible
FII selling is down, IT and HDFC twins stabilized
Reliance has carried bulls, stock at all time high
ICICI Bank nos tomorrow, Bank Nifty move could be interesting
Bank Nifty trading at 20, 50, 100 and 200 DMA crossovers

RISK OFF AHEAD OF FED!
US markets nervous ahead of May 4 meet
Nasdaq all set to break 52-w lows
ICICI nos strong, can it save the bulls?
Analysts: ICICI Bk now what HDFC Bk was 3 yrs back
((SGX Nifty))

TRADE SETUP
Global equities in some kind of risk off mode again
Indian market has been resilient, well above Mar lows
FIIs selling again, in cash and in futures
For Nifty, Tuesday low and close important levels
Tuesday low of 16,824 and close of 16,958 levels to defend
Bank Nifty weak, closed at monthly lows
Resumption of selling seen in HDFC twins
IT as a space has to negotiate valuation de-rating
Reliance and ICICI Bank need to bat for the bulls again

Wedding season is around the corner. Do your own research before investing. Not a buy/sell recommendation.

Do your own research before investing. Not a buy/sell recommendation.

Do your own research before investing. Not a buy/sell recommendation.

Diwali Picks 2024

- KRBL
- Godrej Agrovet Limited
- EMS Limited
- Antony Waste
- Vedant Fashions

Do your own research before investing. Not a buy/sell recommendation.