Adani Green acquired 100% holding of SB Energy India from Soft Bank 80% and Bharti Group 20% for $3.5bn. SB Energy has 4954MW of renewable portfolio. The per MW rate works out to Rs.5.15cr
*CALCULUS DERIVATIVES CORNER*
8 AM.
*Market Summary:*
• Nifty May Futures ended Tuesday’s session at a premium of +43 vs premium of +32.
• The 20th May expiry Put-Call Open Interest Ratio was at 1.21 for Nifty whereas it was 1.20 for Bank Nifty.
• The 20th May expiry Put-Call Volume Ratio was at 1.02 for the Nifty and 0.95 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15500 Strike Price, followed by 15300 Strike Price for 20th May Series. Short covering was seen at strike prices 14600-15000.
• Maximum Put Open Interest (OI) was seen at strike price 14700 followed by 14500 strike prices for 20th May series. Long unwinding was seen at strike prices 13600-14300.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 34000 Strike Price and Maximum Put Open Interest stands at 32000 Strike Price.
• As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 618.49 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 449.52 crores in the Indian Equity market.
• Long Buildup: FEDERALBANK, TATAMOTORS, POWERGRID, ICICIBANK.
• Short Buildup: BHARTIARTL, COLPAL, ALKEM, MFSL.
• Short Covering: HINDPETRO, APOLLOTYRE, HCLTECH, JSWSTEEL.
• Long Unwinding: CANBK, CADILA, DRREDDY’S, TORNTPHARM.
• Stocks banned in F&O segment: BHEL, CADILA, NATIONALUM, PNB, SAIL, SUNTV.
• New in Ban: NATIONALUM.
• Out of Ban: CANBK.
8 AM.
*Market Summary:*
• Nifty May Futures ended Tuesday’s session at a premium of +43 vs premium of +32.
• The 20th May expiry Put-Call Open Interest Ratio was at 1.21 for Nifty whereas it was 1.20 for Bank Nifty.
• The 20th May expiry Put-Call Volume Ratio was at 1.02 for the Nifty and 0.95 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15500 Strike Price, followed by 15300 Strike Price for 20th May Series. Short covering was seen at strike prices 14600-15000.
• Maximum Put Open Interest (OI) was seen at strike price 14700 followed by 14500 strike prices for 20th May series. Long unwinding was seen at strike prices 13600-14300.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 34000 Strike Price and Maximum Put Open Interest stands at 32000 Strike Price.
• As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 618.49 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 449.52 crores in the Indian Equity market.
• Long Buildup: FEDERALBANK, TATAMOTORS, POWERGRID, ICICIBANK.
• Short Buildup: BHARTIARTL, COLPAL, ALKEM, MFSL.
• Short Covering: HINDPETRO, APOLLOTYRE, HCLTECH, JSWSTEEL.
• Long Unwinding: CANBK, CADILA, DRREDDY’S, TORNTPHARM.
• Stocks banned in F&O segment: BHEL, CADILA, NATIONALUM, PNB, SAIL, SUNTV.
• New in Ban: NATIONALUM.
• Out of Ban: CANBK.
*Good Morning & Welcome to Wednesday's trading action at Dalal Street dated 19th of May 2021.*
Overnight at Wall Street, U.S Stocks fell broadly and most importantly, safe havens were hard to find. Value and growth stocks both took lumps.
Amidst this backdrop, SGX Nifty is treading water in early action indicating —— Dalal Street will struggle for altitude and a muted session quite likely.
*The big question: What’s next?*
Investors are looking towards Wednesday’s release of minutes from the Federal Reserve’s most recent meeting to help gauge the central bank’s tolerance for pricing pressures in the aftermath of the COVID pandemic.
Please note, inflation fears had plagued the stock markets across globe last week.
*7 AM GLOBAL UPDATE:*
• SGX Nifty (-37, 15115)
• DOW (-267, 34061)
• NASDAQ (-75, 13304)
• BRAZIL BOVESPA (+42, 122979)
• Nikkei (-438, 27976)
• HANG SENG (+244, 28438)
Instrument CMP Bias
OIL $65 a barrel Positive
GOLD $1868 Positive
Silver 28.44 Positive
USD/INR 73.04 Negative
*INSTITUTIONS:*
• FII: +618.49 Cr
• DII: +449.52 Cr
*THEME OF THE DAY:*
• Global: Negative.
• FII: Positive (+618.49 Cr)
• DII: Positive (+449.52 Cr)
• F&O: 14700-15500 zone
• Trend: Up
• Sentiment: Precarious
• Technicals: Upside breakout.
• Theme: Nifty to reclaim 15432
*All ABOUT NIFTY & BANK NIFTY’ CRUCIAL LEVELS*
NIFTY (CMP 15108):
• SUPPORT: 15001/14787
• RESISTANCE: 15432/15751
• RANGE: 15001-15301
• BIAS: Positive.
BANK NIFTY (CMP 33922):
• SUPPORT: 33301/31837
• RESISTANCE: 34251/35107
• RANGE: 33301-35001
• BIAS: Positive.
*THEME OF THE DAY:*
In early action, SGX Nifty struggling for altitude —— indicating a muted start for our stock markets. That brings us to the biggest question of the day:
• Will last 2-days of positivity spill over to today’s trade?
• How long can markets remain buoyant?
Well, our *call of the day* suggests that Nifty will attempt to extrapolate optimism from the strong finish seen in yesterday’s trade. We suspect, fear of missing out (FOMO) is also likely to rule traders’ mindset. The theme at Dalal Street continues to be ‘Enthused Bulls and Arrested Bears’.
Technically speaking, Nifty’s make-or-break supports are placed at 14786 mark. As long as Nifty’s 14786 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark. Nifty’s intraday supports are placed at 15001mark
*Bottom-line:* A sharp drop in Covid-19 cases in India coupled with good corporate results are seen as positive catalyst for our stock markets. Vaccine rollouts are also expected to get faster.
Long story short: Upwards and upwards goes Nifty — with absolutely no signs of hesitation!
Our *chart of the day* is bullish on stocks like VEDANTA & BERGER PAINTS and HEROMOTO CORP on the buy side with interweek/intermonth perspective. *HCL TECH could be a dark horse.*
*Now, here are other key things to know before today’s market opens:*
• The options data for May Series suggests Nifty is likely to be in a broader trading range of 14700-15500 as maximum Call OI is at 15000 followed by 15500 strike price. Maximum Put open interest stands at 14500 levels followed by 14800 levels. Call writing was seen at 15800 and then at 15600 strike price, while there was meaningful Put writing at 15000 and then at 15100 strike prices.
• As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 618.49 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 449.52 crores.
• Tata Motors posted a consolidated loss at Rs 7,605.4 crore in the quarter ended March 2021 despite a sharp growth in revenue though on a low base. Asset write-downs and restructuring costs with respect to new JLR's strategy Reimagine - Rs 14,994.30 crore impacted the bottomline.
• The government will sell nearly 2 per cent stake in AXIS BANK held through Specified Undertaking of the Unit Trust of India (SUUTI), a move that’s expected to fetch around Rs 3,969 crore to the exchequer in divestment receipts.
Overnight at Wall Street, U.S Stocks fell broadly and most importantly, safe havens were hard to find. Value and growth stocks both took lumps.
Amidst this backdrop, SGX Nifty is treading water in early action indicating —— Dalal Street will struggle for altitude and a muted session quite likely.
*The big question: What’s next?*
Investors are looking towards Wednesday’s release of minutes from the Federal Reserve’s most recent meeting to help gauge the central bank’s tolerance for pricing pressures in the aftermath of the COVID pandemic.
Please note, inflation fears had plagued the stock markets across globe last week.
*7 AM GLOBAL UPDATE:*
• SGX Nifty (-37, 15115)
• DOW (-267, 34061)
• NASDAQ (-75, 13304)
• BRAZIL BOVESPA (+42, 122979)
• Nikkei (-438, 27976)
• HANG SENG (+244, 28438)
Instrument CMP Bias
OIL $65 a barrel Positive
GOLD $1868 Positive
Silver 28.44 Positive
USD/INR 73.04 Negative
*INSTITUTIONS:*
• FII: +618.49 Cr
• DII: +449.52 Cr
*THEME OF THE DAY:*
• Global: Negative.
• FII: Positive (+618.49 Cr)
• DII: Positive (+449.52 Cr)
• F&O: 14700-15500 zone
• Trend: Up
• Sentiment: Precarious
• Technicals: Upside breakout.
• Theme: Nifty to reclaim 15432
*All ABOUT NIFTY & BANK NIFTY’ CRUCIAL LEVELS*
NIFTY (CMP 15108):
• SUPPORT: 15001/14787
• RESISTANCE: 15432/15751
• RANGE: 15001-15301
• BIAS: Positive.
BANK NIFTY (CMP 33922):
• SUPPORT: 33301/31837
• RESISTANCE: 34251/35107
• RANGE: 33301-35001
• BIAS: Positive.
*THEME OF THE DAY:*
In early action, SGX Nifty struggling for altitude —— indicating a muted start for our stock markets. That brings us to the biggest question of the day:
• Will last 2-days of positivity spill over to today’s trade?
• How long can markets remain buoyant?
Well, our *call of the day* suggests that Nifty will attempt to extrapolate optimism from the strong finish seen in yesterday’s trade. We suspect, fear of missing out (FOMO) is also likely to rule traders’ mindset. The theme at Dalal Street continues to be ‘Enthused Bulls and Arrested Bears’.
Technically speaking, Nifty’s make-or-break supports are placed at 14786 mark. As long as Nifty’s 14786 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark. Nifty’s intraday supports are placed at 15001mark
*Bottom-line:* A sharp drop in Covid-19 cases in India coupled with good corporate results are seen as positive catalyst for our stock markets. Vaccine rollouts are also expected to get faster.
Long story short: Upwards and upwards goes Nifty — with absolutely no signs of hesitation!
Our *chart of the day* is bullish on stocks like VEDANTA & BERGER PAINTS and HEROMOTO CORP on the buy side with interweek/intermonth perspective. *HCL TECH could be a dark horse.*
*Now, here are other key things to know before today’s market opens:*
• The options data for May Series suggests Nifty is likely to be in a broader trading range of 14700-15500 as maximum Call OI is at 15000 followed by 15500 strike price. Maximum Put open interest stands at 14500 levels followed by 14800 levels. Call writing was seen at 15800 and then at 15600 strike price, while there was meaningful Put writing at 15000 and then at 15100 strike prices.
• As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 618.49 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 449.52 crores.
• Tata Motors posted a consolidated loss at Rs 7,605.4 crore in the quarter ended March 2021 despite a sharp growth in revenue though on a low base. Asset write-downs and restructuring costs with respect to new JLR's strategy Reimagine - Rs 14,994.30 crore impacted the bottomline.
• The government will sell nearly 2 per cent stake in AXIS BANK held through Specified Undertaking of the Unit Trust of India (SUUTI), a move that’s expected to fetch around Rs 3,969 crore to the exchequer in divestment receipts.
• *Q4 earnings to trickle in today:* INDIAN OIL, JKTYRE, ENDURANCE TECHNOLOGY, IBULHSGFIN.
• *Stock banned in F&O segment:* BHEL, CADILA, NATIONALUM, PNB, SAIL, SUNTV.
*Disclaimer:* Our subscribers/clients may have positions in the stocks recommended in this note. Please note that the actual subscribers may receive additional information in real time not available to the viewers of this note. This does not construe to be an investment advice. Stock market investments are subject to market risks. No content on this blog should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. While we may talk about strategies or positions in the market, our intent is solely to showcase effective risk-management in dealing with financial instruments. This is purely an information service and any trading done on the basis of this information is at your own, sole risk.
• *Stock banned in F&O segment:* BHEL, CADILA, NATIONALUM, PNB, SAIL, SUNTV.
*Disclaimer:* Our subscribers/clients may have positions in the stocks recommended in this note. Please note that the actual subscribers may receive additional information in real time not available to the viewers of this note. This does not construe to be an investment advice. Stock market investments are subject to market risks. No content on this blog should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. While we may talk about strategies or positions in the market, our intent is solely to showcase effective risk-management in dealing with financial instruments. This is purely an information service and any trading done on the basis of this information is at your own, sole risk.
Citi on Tata Motors
Buy Call
Target Raised to Rs 395
--
UBS on Tata Motors
Neutral
Target Rs 360
--
CLSA on Tata Motors
Buy Call
Target Raised to Rs 450
Clsa on Tata Motors
Hikes price target from Rs 425 to Rs 450/sh
JLR: strong Ebitda as expectedandFCF surprises positively
India: stronger margin in CV and PV drive FCF improvement
Value the India business at Rs243/share and JLR at Rs209/share
Buy Call
Target Raised to Rs 395
--
UBS on Tata Motors
Neutral
Target Rs 360
--
CLSA on Tata Motors
Buy Call
Target Raised to Rs 450
Clsa on Tata Motors
Hikes price target from Rs 425 to Rs 450/sh
JLR: strong Ebitda as expectedandFCF surprises positively
India: stronger margin in CV and PV drive FCF improvement
Value the India business at Rs243/share and JLR at Rs209/share
Stock in news
Positive
Guj alkalies,Lnt,Itc,Ioc, Jswenergy,Hind copper,Hind tin, Ibullhsg,Tatamotor,Gipcl,Jslhissar,Astral,Ashokley.
Negative
Axisbk.
Nifty range 14900-15250
Positive
Guj alkalies,Lnt,Itc,Ioc, Jswenergy,Hind copper,Hind tin, Ibullhsg,Tatamotor,Gipcl,Jslhissar,Astral,Ashokley.
Negative
Axisbk.
Nifty range 14900-15250
*SGX Nifty -61 pts (15090) from last trade 15151*
Nikkei -266 pts,
Hangseng clsd,
Now @6.52am.
Dow -267.13 pts ,Nsdq -75.41 pts, S&P -35.46 pts, Bovespa +42 pts , Ftse +1 pts , Dax -10 pts , Cac -13 pts , Crude @ $65.27 brl (-0.21), Brent @ $68.71 brl (+0.00) , Gold @ 1871.30 (+3.30), Silver @ $28.29 (-0.04), Euro @ $1.2223, JPY @ $108.86 INR @ 73.125
*Today's Corporate Action*
*19th May Ex Date*
GCCLINP
E.G.M.
IRBINVIT
Income Distribution (InvIT)
POWERINDIA
Dividend - Rs. - 2.0000
*Today's Key Results/Board Meetings*
*19-May-21*
ANGEL
Audited Results
CLNINDIA
Audited Results;
Final Dividend; General; Quarterly Results
ENDURANCE
Audited Results;
Final Dividend
GRAVITA
Audited Results
HERITGFOOD
A.G.M.; Audited Results; Final Dividend
IBULHSGFIN
Audited Results;
Interim Dividend; General
INDORAMA
Audited Results
INEOSSTYRO
Audited Results; Dividend
INNOVATORS
General
IOC
Audited Results;
Final Dividend
IRFC
General
JKTYRE
Audited Results; Dividend
KAYA
Audited Results
MANCREDIT
Audited Results;
Final Dividend
MANINFRA
Audited Results
MASFIN
Audited Results; Final Dividend; General; Quarterly Results
MORARJEE
A.G.M.; Audited Results
NIYOGIN
Audited Results; General
PRSMJOHNSN
Audited Results
RANEENGINE
Audited Results
REDEXPR
Audited Results;
Quarterly Results
RSSOFTWARE
Audited Results;
Quarterly Results
SHRIRAMEPC
Preferential Issue of shares
SINTEXPLAST
General
SMLISUZU
Audited Results
SRAMSET
Audited Results
TANLA
Audited Results; Employees Stock Option Plan; Final Dividend; General
TCIEXP
Audited Results; Final Dividend
TDPOWERSYS
Audited Results; Final Dividend; General
VISHNU
Audited Results; Dividend;
Quarterly Results
ZUARI
Audited Results
*Stock under F&O ban on NSE*
*19-May-21*
1BHEL
2CADILAHC
3NATIONALUM
4PNB
5SAIL
6SUNTV
Nikkei -266 pts,
Hangseng clsd,
Now @6.52am.
Dow -267.13 pts ,Nsdq -75.41 pts, S&P -35.46 pts, Bovespa +42 pts , Ftse +1 pts , Dax -10 pts , Cac -13 pts , Crude @ $65.27 brl (-0.21), Brent @ $68.71 brl (+0.00) , Gold @ 1871.30 (+3.30), Silver @ $28.29 (-0.04), Euro @ $1.2223, JPY @ $108.86 INR @ 73.125
*Today's Corporate Action*
*19th May Ex Date*
GCCLINP
E.G.M.
IRBINVIT
Income Distribution (InvIT)
POWERINDIA
Dividend - Rs. - 2.0000
*Today's Key Results/Board Meetings*
*19-May-21*
ANGEL
Audited Results
CLNINDIA
Audited Results;
Final Dividend; General; Quarterly Results
ENDURANCE
Audited Results;
Final Dividend
GRAVITA
Audited Results
HERITGFOOD
A.G.M.; Audited Results; Final Dividend
IBULHSGFIN
Audited Results;
Interim Dividend; General
INDORAMA
Audited Results
INEOSSTYRO
Audited Results; Dividend
INNOVATORS
General
IOC
Audited Results;
Final Dividend
IRFC
General
JKTYRE
Audited Results; Dividend
KAYA
Audited Results
MANCREDIT
Audited Results;
Final Dividend
MANINFRA
Audited Results
MASFIN
Audited Results; Final Dividend; General; Quarterly Results
MORARJEE
A.G.M.; Audited Results
NIYOGIN
Audited Results; General
PRSMJOHNSN
Audited Results
RANEENGINE
Audited Results
REDEXPR
Audited Results;
Quarterly Results
RSSOFTWARE
Audited Results;
Quarterly Results
SHRIRAMEPC
Preferential Issue of shares
SINTEXPLAST
General
SMLISUZU
Audited Results
SRAMSET
Audited Results
TANLA
Audited Results; Employees Stock Option Plan; Final Dividend; General
TCIEXP
Audited Results; Final Dividend
TDPOWERSYS
Audited Results; Final Dividend; General
VISHNU
Audited Results; Dividend;
Quarterly Results
ZUARI
Audited Results
*Stock under F&O ban on NSE*
*19-May-21*
1BHEL
2CADILAHC
3NATIONALUM
4PNB
5SAIL
6SUNTV
*Good Morning*
• Jaguar Land Rover Owner Swings to Profit as China Sales Jump
• After Huarong Woes, India’s Bad Bank to Keep Tight Cap on Debt
• Fuel Exports From India Soar as Pandemic Slams Local Demand
• India Grapples With LNG Oversupply as Virus Dashes Demand
• India’s SUUTI Plans to Sell Up to 1.95% Stake in Axis Bank
• India CCI Approves Adani Buy of 25% More in Krishnapatnam
o CCI Approves Buying Yes AM & Yes Trustee by GPL Finance
• Global Funds Buy Net INR6.18B of India Stocks on Tuesday: NSE
o Domestic funds buy net 4.5b rupees of stocks
• Foreign Investors Sell Net INR13.6B of Indian Equities on May 17
• Foreigners Buy Net INR82.5B of Indian Equity Derivatives Tuesday
• Tauktae weakens as cyclonic storm but rains lash parts of Guj: PTI
• India’s mineral production up 6 pc in March: PTI
• Vijay Mallya loses bankruptcy petition amendment High Court battle in UK: PTI
• GSK Pharma India (GLXO): 4Q net income -90% y/y to 143.3m rupees vs. 1.38b; 4Q has exceptional charge 1.19b
• Sun Pharmaceutical (SUNP): Says LIC of India raises stake in co. to 7.03% from 5%
• Tata Motors (TTMT): 4Q net loss 76.1b rupees Vs. loss 98.94b Y/y; revenue +42% y/y to 886.3b; JLR swings to profit
• Torrent Pharma (TRP): 4Q net income +3.2% y/y to 3.24b rupees, beats est. 2.73b; revenue +1.6% to 3.24b
• Axis Bank (AXSB): SUUTI’s offer-for-sale at floor price of 680 rupees/shr
• Jaguar Land Rover Owner Swings to Profit as China Sales Jump
• After Huarong Woes, India’s Bad Bank to Keep Tight Cap on Debt
• Fuel Exports From India Soar as Pandemic Slams Local Demand
• India Grapples With LNG Oversupply as Virus Dashes Demand
• India’s SUUTI Plans to Sell Up to 1.95% Stake in Axis Bank
• India CCI Approves Adani Buy of 25% More in Krishnapatnam
o CCI Approves Buying Yes AM & Yes Trustee by GPL Finance
• Global Funds Buy Net INR6.18B of India Stocks on Tuesday: NSE
o Domestic funds buy net 4.5b rupees of stocks
• Foreign Investors Sell Net INR13.6B of Indian Equities on May 17
• Foreigners Buy Net INR82.5B of Indian Equity Derivatives Tuesday
• Tauktae weakens as cyclonic storm but rains lash parts of Guj: PTI
• India’s mineral production up 6 pc in March: PTI
• Vijay Mallya loses bankruptcy petition amendment High Court battle in UK: PTI
• GSK Pharma India (GLXO): 4Q net income -90% y/y to 143.3m rupees vs. 1.38b; 4Q has exceptional charge 1.19b
• Sun Pharmaceutical (SUNP): Says LIC of India raises stake in co. to 7.03% from 5%
• Tata Motors (TTMT): 4Q net loss 76.1b rupees Vs. loss 98.94b Y/y; revenue +42% y/y to 886.3b; JLR swings to profit
• Torrent Pharma (TRP): 4Q net income +3.2% y/y to 3.24b rupees, beats est. 2.73b; revenue +1.6% to 3.24b
• Axis Bank (AXSB): SUUTI’s offer-for-sale at floor price of 680 rupees/shr
Asian markets are trading lower today tracking consolidation trends of the US markets which slipped on worries of Inflationary pressure overshadowing economic growth in post pandemic scenario.
Nikkei is trading 253 points lower
HongKong markets are closed for public holiday
SGX Nifty is trading 77 points lower
Nikkei is trading 253 points lower
HongKong markets are closed for public holiday
SGX Nifty is trading 77 points lower
*🔹Business Standard:*
Ø Importers to make prior disclosure to customs to avail concessional duty on goods: CBIC
Ø Real estate developers expect recovery in H2 2021
Ø Indian firms show deteriorating business performance in Q4 of FY21: Report
Ø CESL to procure 300 electric vehicles from Tata Motors
Ø HC asks FRL to respond to Amazon's plea to enforce emergency arbitrator's award
Ø BlackSoil Capital exits 15 investments with 18% returns in FY21
Ø Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr
Ø Tata Motors reports surprise loss of Rs 7,605 cr in Q4; revenue up 42%
Ø Walmart beats Street estimates for sales on stimulus spending boost
Ø Oil hits $70 for first time since March 15 as Europe, US re-open economies
Ø CCI approves sale of YES Bank's MF subsidiaries to GPL Finance
Ø Canara Bank reports Q4 profit at Rs 1,011 crore on lower provisioning
Business Line
*Mint :*
Ø Finance Ministry hopes pent-up demand to boost recovery this fiscal
Ø AT&T to merge WarnerMedia and Discovery in $43-b deal
Ø Gland Pharma Q4 net profit up 34% to ₹260 crore
Ø Brigade Enterprises posts ₹19.58-cr Q4 profit
Ø CCI approves APSEZ buying residual stake in Krishnapatnam Port
Ø Torrent Pharma Q4 net up 3 per cent at ₹324 crore
Ø Vijay Mallya loses bankruptcy petition amendment High Court battle in UK
Ø Ujjivan Small Finance Bank Q4 net jumps 86% to ₹136 crore
Ø Morgan Stanley sees Sensex at 61,000 by Dec, earnings to rise 37% in FY22
Ø Infosys, Majesco collaborate to accelerate digital experience for insurers
Ø China bans financial, payment institutions from cryptocurrency business
Financial Express
*Business World :*
Ø Indian IT & Business Services market grows 5.41% to $13.4 bn in 2020: IDC
Ø Moglix joins unicorn club with fresh $120-million fundraise
Ø Adar Poonawalla Exits Panacea Biotec; Sells Entire Stake For Rs 118 Crore
Ø Sensex, Nifty Spurt To 2-Month Highs On Decline In Fresh COVID-19 Cases
Ø Importers to make prior disclosure to customs to avail concessional duty on goods: CBIC
Ø Real estate developers expect recovery in H2 2021
Ø Indian firms show deteriorating business performance in Q4 of FY21: Report
Ø CESL to procure 300 electric vehicles from Tata Motors
Ø HC asks FRL to respond to Amazon's plea to enforce emergency arbitrator's award
Ø BlackSoil Capital exits 15 investments with 18% returns in FY21
Ø Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr
Ø Tata Motors reports surprise loss of Rs 7,605 cr in Q4; revenue up 42%
Ø Walmart beats Street estimates for sales on stimulus spending boost
Ø Oil hits $70 for first time since March 15 as Europe, US re-open economies
Ø CCI approves sale of YES Bank's MF subsidiaries to GPL Finance
Ø Canara Bank reports Q4 profit at Rs 1,011 crore on lower provisioning
Business Line
*Mint :*
Ø Finance Ministry hopes pent-up demand to boost recovery this fiscal
Ø AT&T to merge WarnerMedia and Discovery in $43-b deal
Ø Gland Pharma Q4 net profit up 34% to ₹260 crore
Ø Brigade Enterprises posts ₹19.58-cr Q4 profit
Ø CCI approves APSEZ buying residual stake in Krishnapatnam Port
Ø Torrent Pharma Q4 net up 3 per cent at ₹324 crore
Ø Vijay Mallya loses bankruptcy petition amendment High Court battle in UK
Ø Ujjivan Small Finance Bank Q4 net jumps 86% to ₹136 crore
Ø Morgan Stanley sees Sensex at 61,000 by Dec, earnings to rise 37% in FY22
Ø Infosys, Majesco collaborate to accelerate digital experience for insurers
Ø China bans financial, payment institutions from cryptocurrency business
Financial Express
*Business World :*
Ø Indian IT & Business Services market grows 5.41% to $13.4 bn in 2020: IDC
Ø Moglix joins unicorn club with fresh $120-million fundraise
Ø Adar Poonawalla Exits Panacea Biotec; Sells Entire Stake For Rs 118 Crore
Ø Sensex, Nifty Spurt To 2-Month Highs On Decline In Fresh COVID-19 Cases
GM jsk stock in news guj alkalies,lnt,itc,ioc, jswenergy,hind copper,hind tin, ibullhsg,piind,tatamoto,gipcl,jslhissar,astral,ashokley. Negative stocks axisbk. Nifty range 14925-15225.
Money Market Update
The rupee ended at 73.04 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.21.
The rupee ended at 73.04 against the U.S. Dollar on Tuesday as compared to Monday's closing of 73.21.
Who's Meeting Whom
Ambuja Cements: To meet ENAM AMC on May 19.
Craftsman Automation: To meet HSBC Global on May 20.
Ambuja Cements: To meet ENAM AMC on May 19.
Craftsman Automation: To meet HSBC Global on May 20.
Trading Tweaks
Ex-Date Income Distribution: IRB InvIT Fund
Ex-Date Dividend: ABB Power Products and Systems India
Record Date Interim Dividend: Coforge, Caplin Point Laboratories, Sundram Fasteners
Record Date Amalgamation And Spin Off: Meghmani Organics
Price Band Revised From 20% To 10%: Ebixcash World Money India, Gateway Distriparks
Move Into Short-Term ASM Framework: Chambal Fertilizers & Chemicals, Ebixcash World Money India, Best Agrolife, Hester Biosciences
Move Out Of Short-Term ASM Framework: EID Parry India, Dish TV India, R Systems International, Indraprastha Medical Corporation
Ex-Date Income Distribution: IRB InvIT Fund
Ex-Date Dividend: ABB Power Products and Systems India
Record Date Interim Dividend: Coforge, Caplin Point Laboratories, Sundram Fasteners
Record Date Amalgamation And Spin Off: Meghmani Organics
Price Band Revised From 20% To 10%: Ebixcash World Money India, Gateway Distriparks
Move Into Short-Term ASM Framework: Chambal Fertilizers & Chemicals, Ebixcash World Money India, Best Agrolife, Hester Biosciences
Move Out Of Short-Term ASM Framework: EID Parry India, Dish TV India, R Systems International, Indraprastha Medical Corporation
Pledge Share Details
Jindal Steel & Power: Promoters (OPJ Trading and Gagan Infraenergy) revoked pledge of 58 lakh shares between May 11-17. Promoter Opelina Sustainable created a pledge of 31 lakh shares between May 11-12.
Solara Active Pharma Sciences: Promoters (Pronomz Ventures LLP and Chayadeep Ventures LLP) revoked pledge of 23,80 lakh shares between April 7 and May 17.
Jindal Steel & Power: Promoters (OPJ Trading and Gagan Infraenergy) revoked pledge of 58 lakh shares between May 11-17. Promoter Opelina Sustainable created a pledge of 31 lakh shares between May 11-12.
Solara Active Pharma Sciences: Promoters (Pronomz Ventures LLP and Chayadeep Ventures LLP) revoked pledge of 23,80 lakh shares between April 7 and May 17.
Stocks To Watch
Axis Bank: Specified Undertaking of the Unit Trust of India to sell 1.95% of the bank's equity through an Offer for Sale. The initial plan is for the sale of 3.60 crore shares or 1.21% of the total equity with a greenshoe option to sell another 2.20 crore shares or 0.74% of the total equity. The floor price of Rs 680 per share is at a 4.48% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
JSW Energy: The wholly-owned subsidiary of the company, JSW Hydro Energy, has raised $707 million by allotment of dollar-denominated senior secured notes.
Infosys, Majesco: Announced strategic collaboration to help joint customers accelerate their digital transformation journey, enabling them to unlock new opportunities, address the demand for personalised customer experiences, operational effectiveness, and digital adoption across the insurance business value chain.
Canara Bank: Confident of Rs 15,000 crore recovery this year, said CEO Lingam Prabhakar during a conference call.
Kirloskar Oil Engines: Suspended operations at main Kagal Plant, Kagal Plant-II and KMW Kagal Plant-III in Kolhapur to comply with District Collector's covid order. The plants will remain shut between May 18-23.
Axis Bank: Specified Undertaking of the Unit Trust of India to sell 1.95% of the bank's equity through an Offer for Sale. The initial plan is for the sale of 3.60 crore shares or 1.21% of the total equity with a greenshoe option to sell another 2.20 crore shares or 0.74% of the total equity. The floor price of Rs 680 per share is at a 4.48% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
JSW Energy: The wholly-owned subsidiary of the company, JSW Hydro Energy, has raised $707 million by allotment of dollar-denominated senior secured notes.
Infosys, Majesco: Announced strategic collaboration to help joint customers accelerate their digital transformation journey, enabling them to unlock new opportunities, address the demand for personalised customer experiences, operational effectiveness, and digital adoption across the insurance business value chain.
Canara Bank: Confident of Rs 15,000 crore recovery this year, said CEO Lingam Prabhakar during a conference call.
Kirloskar Oil Engines: Suspended operations at main Kagal Plant, Kagal Plant-II and KMW Kagal Plant-III in Kolhapur to comply with District Collector's covid order. The plants will remain shut between May 18-23.
World Markets
Dow - 267
Nasdaq - 75
Dax - 10
Nikkei - 270
Hangseng Closed
Sgxnifty - 62 (15089)
Brent Crude 68.19
Dow Fut - 45
Dollar Index 89.78
Dow - 267
Nasdaq - 75
Dax - 10
Nikkei - 270
Hangseng Closed
Sgxnifty - 62 (15089)
Brent Crude 68.19
Dow Fut - 45
Dollar Index 89.78
Hester Biosciences partners with Gujarat Government & OmniBRx for manufacturing COVID vaccine https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/18345/Hester-Biosciences-partners-with-Gujarat-Government-OmniBRx-for-manufacturing-COVID-vaccine#.YKK0e3vwrfU.whatsapp
Dalal Street Investment Journal
Hester Biosciences partners with Gujarat Government & OmniBRx for manufacturing COVID vaccine
Hester Biosciences is tying up with Gujarat Biotechnology Research Centre (Government of Gujarat) along with OmniBRx for manufacturing the COVID vaccine.
A triparty agreement has...
A triparty agreement has...
Kolte Patil zooms nearly 2 per cent on securing two new projects in Pune https://www.dsij.in/DSIJArticleDetail/ArtMID/10163/ArticleID/18350/Kolte-Patil-zooms-nearly-2-per-cent-on-securing-two-new-projects-in-Pune#.YKK0PTnWWv4.whatsapp
Dalal Street Investment Journal
Kolte Patil zooms nearly 2 per cent on securing two new projects in Pune
Kolte-Patil Developers Limited, a real estate company based in Pune, announced this morning that it has signed two new projects in Hinjewadi and Tathawade areas in...
Aarti Ind
- Announces 1:1 Bonus for shareholders
- Also announces 3/sh Dividend (1.5 Ex-Bonus)
- Will also raise 1500 Cr via QIP and issue of Warrants!
- Announces 1:1 Bonus for shareholders
- Also announces 3/sh Dividend (1.5 Ex-Bonus)
- Will also raise 1500 Cr via QIP and issue of Warrants!
Sources to CNBC Awaaz
*SUUTI likely to sell stake in Axis Bank*
*SUUTI likely to sell nearly 4 crores shares in Axis Bank*
*SUTTI likely to sell stake via OFS route, awaiting board approval*
SUUTI plans to sell stake in Axis Bank Worth Rs 2500-3000 crore
Bankers approach funds for interest in OFS
*Alert: SUUTI holds 3.45% stake in Axis Bank as of 31st March*
*SUUTI likely to sell stake in Axis Bank*
*SUUTI likely to sell nearly 4 crores shares in Axis Bank*
*SUTTI likely to sell stake via OFS route, awaiting board approval*
SUUTI plans to sell stake in Axis Bank Worth Rs 2500-3000 crore
Bankers approach funds for interest in OFS
*Alert: SUUTI holds 3.45% stake in Axis Bank as of 31st March*