Breaking News!! - Krishna Institute of Medical Sciences IPO Confirmed 👍
Issue Dates : 16-18 June
Retail Quota : 10% of Issue Size
Issue Dates : 16-18 June
Retail Quota : 10% of Issue Size
*National Fertilizers Ltd.* | *CMP* Rs. 71 | *M Cap* Rs. 3461 Cr | *52 W H/L* 74/23
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 2961.2 Cr (0.8% QoQ, -1.8% YoY) vs QoQ Rs. 2938.7 Cr, YoY Rs. 3014.4 Cr
EBIDTA came at Rs. 114 Cr (-45.8% QoQ, -57.3% YoY) vs QoQ Rs. 210.4 Cr, YoY Rs. 266.8 Cr
EBITDA Margin came at 3.9% vs QoQ 7.2%, YoY 8.8%
Adj. PAT came at Rs. -9.5 Cr vs QoQ Rs. 52.9 Cr, YoY Rs. 140.2 Cr
Quarter EPS is Rs. -0.2
Share is trading at P/E of 14.6x TTM EPS
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 2961.2 Cr (0.8% QoQ, -1.8% YoY) vs QoQ Rs. 2938.7 Cr, YoY Rs. 3014.4 Cr
EBIDTA came at Rs. 114 Cr (-45.8% QoQ, -57.3% YoY) vs QoQ Rs. 210.4 Cr, YoY Rs. 266.8 Cr
EBITDA Margin came at 3.9% vs QoQ 7.2%, YoY 8.8%
Adj. PAT came at Rs. -9.5 Cr vs QoQ Rs. 52.9 Cr, YoY Rs. 140.2 Cr
Quarter EPS is Rs. -0.2
Share is trading at P/E of 14.6x TTM EPS
*Sanghi Industries Ltd.* | *CMP* Rs. 58 | *M Cap* Rs. 1443 Cr | *52 W H/L* 57.5/14
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 328.1 Cr (12.9% QoQ, 48.1% YoY) vs QoQ Rs. 290.5 Cr, YoY Rs. 221.6 Cr
EBIDTA came at Rs. 94.4 Cr (29.8% QoQ, 83.5% YoY) vs QoQ Rs. 72.7 Cr, YoY Rs. 51.4 Cr
EBITDA Margin came at 28.8% vs QoQ 25%, YoY 23.2%
Adj. PAT came at Rs. 26 Cr vs QoQ Rs. 42 Cr, YoY Rs. 15.8 Cr (lower PAT is on account of deffered tax provision during the quarter
Quarter EPS is Rs. 1
Share is trading at EV/EBITDA of 8 x FY23 EBITDA
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 328.1 Cr (12.9% QoQ, 48.1% YoY) vs QoQ Rs. 290.5 Cr, YoY Rs. 221.6 Cr
EBIDTA came at Rs. 94.4 Cr (29.8% QoQ, 83.5% YoY) vs QoQ Rs. 72.7 Cr, YoY Rs. 51.4 Cr
EBITDA Margin came at 28.8% vs QoQ 25%, YoY 23.2%
Adj. PAT came at Rs. 26 Cr vs QoQ Rs. 42 Cr, YoY Rs. 15.8 Cr (lower PAT is on account of deffered tax provision during the quarter
Quarter EPS is Rs. 1
Share is trading at EV/EBITDA of 8 x FY23 EBITDA
*Mayur Uniquoters Ltd.* | *CMP* Rs. 497 | *M Cap* Rs. 2216 Cr | *52 W H/L* 510/135
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 188.8 Cr (15.6% QoQ, 35.4% YoY) vs expectation of Rs. 185.3 Cr, QoQ Rs. 163.3 Cr, YoY Rs. 139.4 Cr
EBIDTA came at Rs. 54.7 Cr (22.9% QoQ, 52.6% YoY) vs expectation of Rs. 44.8 Cr, QoQ Rs. 44.5 Cr, YoY Rs. 35.8 Cr
EBITDA Margin came at 28.9% vs expectation of 24.2%, QoQ 27.2%, YoY 25.7%
Adj. PAT came at Rs. 39.1 Cr vs expectation of Rs. 32.3 Cr, QoQ Rs. 34.7 Cr, YoY Rs. 26.6 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 20.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 188.8 Cr (15.6% QoQ, 35.4% YoY) vs expectation of Rs. 185.3 Cr, QoQ Rs. 163.3 Cr, YoY Rs. 139.4 Cr
EBIDTA came at Rs. 54.7 Cr (22.9% QoQ, 52.6% YoY) vs expectation of Rs. 44.8 Cr, QoQ Rs. 44.5 Cr, YoY Rs. 35.8 Cr
EBITDA Margin came at 28.9% vs expectation of 24.2%, QoQ 27.2%, YoY 25.7%
Adj. PAT came at Rs. 39.1 Cr vs expectation of Rs. 32.3 Cr, QoQ Rs. 34.7 Cr, YoY Rs. 26.6 Cr
Quarter EPS is Rs. 8.8
Share is trading at P/E of 20.1x FY22E EPS
Bulk Deal as on 10-06-21
Bf Utilities
+ 2.11 Lk @ 414.93 S I investment Broking Pvt Ltd
Ibull HSG fin
+ 17.53 Lk @ 277.87 Kotak Securities Ltd
Km Sugar Mills
+ 5 Lk @ 33.03 Vls Finance Ltd
Kakatiya Cement
- 44 K @ 276.39 Prarthana Enterprises
Kddl Ltd
+ 3.50 Lk @ 353.55 K India Opportunities Fund Ltd
- 3.50 Lk @ 353.55 Kitara India Micro Cap Mutual Fund
Mold TeK Packaging
- 6 Lk @ 499.35 Kitara India Micro Cap Mutual Fund
- 1.41 Lk @ 503.64 Iti Mutual Fund
+ 6 Lk @ 499.35 K India Opportunities Fund Ltd
Poddar HSG
- 80 k @ 187.65 Kitara India Micro Cap Mutual Fund
+ 80 K. @ 187.65 K India Opportunities Fund Ltd
Religare Enterprises
- 32 Lk @ 142 Maruti Nandan Colonizers Pvt Ltd
Bf Utilities
+ 2.11 Lk @ 414.93 S I investment Broking Pvt Ltd
Ibull HSG fin
+ 17.53 Lk @ 277.87 Kotak Securities Ltd
Km Sugar Mills
+ 5 Lk @ 33.03 Vls Finance Ltd
Kakatiya Cement
- 44 K @ 276.39 Prarthana Enterprises
Kddl Ltd
+ 3.50 Lk @ 353.55 K India Opportunities Fund Ltd
- 3.50 Lk @ 353.55 Kitara India Micro Cap Mutual Fund
Mold TeK Packaging
- 6 Lk @ 499.35 Kitara India Micro Cap Mutual Fund
- 1.41 Lk @ 503.64 Iti Mutual Fund
+ 6 Lk @ 499.35 K India Opportunities Fund Ltd
Poddar HSG
- 80 k @ 187.65 Kitara India Micro Cap Mutual Fund
+ 80 K. @ 187.65 K India Opportunities Fund Ltd
Religare Enterprises
- 32 Lk @ 142 Maruti Nandan Colonizers Pvt Ltd
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Jun 11, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_oO0uu3t9QcidZGIFbKgkeg
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Nirmal Bang is inviting you to a Zoom webinar.
When: Jun 11, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_oO0uu3t9QcidZGIFbKgkeg
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
GM jsk stock in news sail, nhpc,marksans,eclerx,BEML,Inox,suvenpharma,purvarankara,yesbk,mrpl,goclcorp,centuryply,suntv,sanghiind,powergrid,alkemlab,rallis,tidewater,cosmafilm, mayur uni. Nifty range 15580-15850.
Financial News Bulletin Dt.11th June, 2021 forwarded by Allahabad Bank Employees' Union-APTS- affiliated to All India Bank Employees' Association (AIBEA)
The RBI today allowed an increase in the interchange fee structure for ATM transactions after almost 9 years, considering the in increasing cost of ATM deployment and expenses towards ATM maintenance incurred by the banks and white label ATM operators. Accordingly, the RBI has hiked the interchange fee per transaction from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non- financial transactions in all centres, effective August 1, 2021.
-Business Standard
The RBI said today it will conduct third tranche of open market purchase of government securities and state development loans under G-sec Acquisition Programme (G-SAP 1.0). The RBI will purchase government securities of Rs 40,000 Cr on June 17. Of this, state development loans will be purchased up to Rs 10,000 Cr, it said in a statement.
-Business Line
The RBI on Wednesday said the Government has extended the tenure of Deputy Governor Mahesh Kumar Jain for 2 years. "The Central Govt has re-appointed Shri Mahesh Kumar Jain as Deputy Governor, RBI for a period of 2 years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021," the RBI said in a statement. Jain was appointed as deputy governor for 3 years in June 2018.
-Business Standard
The 14 regional rural banks (RRBs) under the SBI have posted 4-fold growth in net profit at Rs 1,004.28 crore in FY21, despite substantial provision for pension of Rs 1,457.69 Cr. Their net profit was Rs 248.8 Cr in FY20. These banks continued to focus on improving earnings from their core banking business, strengthening the fee income streams and maintaining control on operating costs, according to SBI’s annual report for 2020- 21 (FY21).
-Business Standard
Bank of Baroda today said it has slashed the benchmark one-year MCLR by 0.05%. The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing. The MCLR for one-year tenor stands revised to 7.35%.
-Livemint
Karix Mobile, a wholly-owned subsidiary of Tanla Platforms, has deployed a conversational banking solution- WhatsApp Business- for Axis Bank. Using the solution, Axis Bank customers can now start a WhatsApp chat with the bank to conduct frequent banking activities on-the-go.
-Business Line
Yes bank today said that the board has approved the raising of funds worth ₹10,000 Cr by issue of debt securities. “In its meeting held on June 10 have, inter alia, considered and approved seeking shareholders’ approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs. 10,000 Cr by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc," said the bank in a press release.
-Livemint
Hit by the second wave of the pandemic and lockdowns, stress amongst borrowers seems to be on the rise, though it is lower than what was seen in the first surge of the pandemic. Data captured by the NPCI from its National Automated Clearing House (NACH) platform reveals that the number of unsuccessful auto debit requests increased for a second straight month in May. Of the total auto debit transactions of 8.57 Cr in May this year, 5.49 Cr transactions were successful while 3.08 Cr were returned. This reflects a return or bounce rate of 35.91% in May compared to 34.05% in April this year.
-Business Line
Merchant payment and lending service provider BharatPe today said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.
-Financial Express
The ongoing Covid-19 pandemic has impacted India’s housing sector more severely than it has in other major economies. While the local housing market was already struggling to attract enough buyers, the current crises have resulted in a fall in average home rates by 1.6% dragging India’s ranking by 12 positions in last one year.
The RBI today allowed an increase in the interchange fee structure for ATM transactions after almost 9 years, considering the in increasing cost of ATM deployment and expenses towards ATM maintenance incurred by the banks and white label ATM operators. Accordingly, the RBI has hiked the interchange fee per transaction from Rs 15 to Rs 17 for financial transactions and from Rs 5 to Rs 6 for non- financial transactions in all centres, effective August 1, 2021.
-Business Standard
The RBI said today it will conduct third tranche of open market purchase of government securities and state development loans under G-sec Acquisition Programme (G-SAP 1.0). The RBI will purchase government securities of Rs 40,000 Cr on June 17. Of this, state development loans will be purchased up to Rs 10,000 Cr, it said in a statement.
-Business Line
The RBI on Wednesday said the Government has extended the tenure of Deputy Governor Mahesh Kumar Jain for 2 years. "The Central Govt has re-appointed Shri Mahesh Kumar Jain as Deputy Governor, RBI for a period of 2 years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021," the RBI said in a statement. Jain was appointed as deputy governor for 3 years in June 2018.
-Business Standard
The 14 regional rural banks (RRBs) under the SBI have posted 4-fold growth in net profit at Rs 1,004.28 crore in FY21, despite substantial provision for pension of Rs 1,457.69 Cr. Their net profit was Rs 248.8 Cr in FY20. These banks continued to focus on improving earnings from their core banking business, strengthening the fee income streams and maintaining control on operating costs, according to SBI’s annual report for 2020- 21 (FY21).
-Business Standard
Bank of Baroda today said it has slashed the benchmark one-year MCLR by 0.05%. The bank has approved the revision in MCLR with effect from June 12, 2021, the lender said in a regulatory filing. The MCLR for one-year tenor stands revised to 7.35%.
-Livemint
Karix Mobile, a wholly-owned subsidiary of Tanla Platforms, has deployed a conversational banking solution- WhatsApp Business- for Axis Bank. Using the solution, Axis Bank customers can now start a WhatsApp chat with the bank to conduct frequent banking activities on-the-go.
-Business Line
Yes bank today said that the board has approved the raising of funds worth ₹10,000 Cr by issue of debt securities. “In its meeting held on June 10 have, inter alia, considered and approved seeking shareholders’ approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs. 10,000 Cr by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc," said the bank in a press release.
-Livemint
Hit by the second wave of the pandemic and lockdowns, stress amongst borrowers seems to be on the rise, though it is lower than what was seen in the first surge of the pandemic. Data captured by the NPCI from its National Automated Clearing House (NACH) platform reveals that the number of unsuccessful auto debit requests increased for a second straight month in May. Of the total auto debit transactions of 8.57 Cr in May this year, 5.49 Cr transactions were successful while 3.08 Cr were returned. This reflects a return or bounce rate of 35.91% in May compared to 34.05% in April this year.
-Business Line
Merchant payment and lending service provider BharatPe today said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.
-Financial Express
The ongoing Covid-19 pandemic has impacted India’s housing sector more severely than it has in other major economies. While the local housing market was already struggling to attract enough buyers, the current crises have resulted in a fall in average home rates by 1.6% dragging India’s ranking by 12 positions in last one year.
The Knight Frank Global House Price Index that measures rate fluctuations in 56 countries found India at the bottom of the list – at 55th position – only followed by Spain
-Business Standard
As employment rate continues to worsen amid the second wave of Covid-19, the Centre for Monitoring Indian Economy (CMIE) has said that the Indian labour market is in its worst condition since April-May last year, when the whole country was under lockdown. Data published by CMIE showed that the unemployment rate, which reached 11.9% in May 2021, continued to rise during early June.
-Business Standard
The Food Safety and Standards Authority of India today said that restaurants, food retailers, caterers and sweetmeat shops will have to mention their FSSAI licence or registration number on cash receipts, purchase invoices, bills or cash memos from October 1.
-Business Line
USD /INR 73.05
Sensex 52300.47 (+358.83)
BSE Bankex 39874.25 (+391.52)
Nifty 50 15737.75 (+102.40)
Nifty Bank 35131.2 (+330.70)
-Business Standard
As employment rate continues to worsen amid the second wave of Covid-19, the Centre for Monitoring Indian Economy (CMIE) has said that the Indian labour market is in its worst condition since April-May last year, when the whole country was under lockdown. Data published by CMIE showed that the unemployment rate, which reached 11.9% in May 2021, continued to rise during early June.
-Business Standard
The Food Safety and Standards Authority of India today said that restaurants, food retailers, caterers and sweetmeat shops will have to mention their FSSAI licence or registration number on cash receipts, purchase invoices, bills or cash memos from October 1.
-Business Line
USD /INR 73.05
Sensex 52300.47 (+358.83)
BSE Bankex 39874.25 (+391.52)
Nifty 50 15737.75 (+102.40)
Nifty Bank 35131.2 (+330.70)
*SGX Nifty +27 pts (15780) from last trade 15753*
Nikkei +56 pts,
Hangseng +126 pts,
Now @6.56am.
Dow +19.10 pts ,Nsdq +108.58 pts, S&P +19.63 pts, , Bovespa +169 pts , Ftse +7 pts , Dax -9 pts , Cac -16 pts , Crude @ $70.09 brl (-0.20), Brent @ $72.32 brl (-0.20) , Gold @ 1901.20 (+4.79), Silver @ $28.12 (+0.08), Euro @ $1.2177, JPY @ $109.43, INR @ 73.075
*Today's Corporate Action*
*11th Jun Ex Date*
BAJAJCON
Final Dividend - Rs. - 4.0000
BRPL
Final Dividend - Rs. - 1.0000
FOSECOIND
Final Dividend - Rs. - 10.0000
*Today's Key Results/Board Meetings*
*11-Jun-21*
BEML, BHEL, CG Power, Cochin Shipyard, DLF, Edelweiss Financial Services, Goa Carbon and Sun TV are among the companies that will announce their March quarter results on June 11.
*Stock under F&O ban on NSE*
*11-Jun-21*
1BHEL
2CANBK
3IBULHSGFIN
4NATIONALUM
5SUNTV
Nikkei +56 pts,
Hangseng +126 pts,
Now @6.56am.
Dow +19.10 pts ,Nsdq +108.58 pts, S&P +19.63 pts, , Bovespa +169 pts , Ftse +7 pts , Dax -9 pts , Cac -16 pts , Crude @ $70.09 brl (-0.20), Brent @ $72.32 brl (-0.20) , Gold @ 1901.20 (+4.79), Silver @ $28.12 (+0.08), Euro @ $1.2177, JPY @ $109.43, INR @ 73.075
*Today's Corporate Action*
*11th Jun Ex Date*
BAJAJCON
Final Dividend - Rs. - 4.0000
BRPL
Final Dividend - Rs. - 1.0000
FOSECOIND
Final Dividend - Rs. - 10.0000
*Today's Key Results/Board Meetings*
*11-Jun-21*
BEML, BHEL, CG Power, Cochin Shipyard, DLF, Edelweiss Financial Services, Goa Carbon and Sun TV are among the companies that will announce their March quarter results on June 11.
*Stock under F&O ban on NSE*
*11-Jun-21*
1BHEL
2CANBK
3IBULHSGFIN
4NATIONALUM
5SUNTV
Ashika Bulk Deal & Insider Trade Update
Bulk Deals
*Moldtkpac : K India Opportunities Fund Limited Class S Buy 600000 Shares @ Rs. 499.35
*Moldtkpac : Kitara India Micro Cap Growth Fund Sell 600000 Shares @ Rs. 499.35
*Kddl : K India Opportunities Fund Limited Class S Buy 350450 Shares @ Rs. 353.55
*Kddl : Kitara India Micro Cap Growth Fund Sell 350450 Shares @ Rs. 353.55
*Mold-Tek Packaging Ltd : Iti Mutual Fund Sell 141756 Shares @ Rs. 503.64
Ashika
Insider Trade
Disposal
*Shreya Suneja Promoter Disposal 20000 shares of Aarti Industries Ltd.
*SARLA SHANTILAL SHAH Promoter Disposal 35500 shares of Aarti Industries Ltd.
*K. B. Sankar Rao Director Disposal 21400 shares of Granules India Ltd.-$ on 09-Jun-21
*Kavinder Singh Director Disposal 8000 shares of Mahindra Holidays & Resorts India Ltd. on 09-Jun-21
*Mr. Sumit Malhotra Director Disposal 10000 shares of Bajaj Consumer Care Ltd on 04-Jun-21
*CHUNDURU VENKATA LAKSHMANA RAO Promoter & Director Disposal 400000 shares of Laurus Labs Ltd on 08-Jun-21
*RAVI KUMAR VENKATA VANTARAM Promoter & Director Disposal 400000 shares of Laurus Labs Ltd on 08-Jun-21
Invoke
*ASHWELL HOLDING COMPANY PRIVATE LIMITED Promoter Group Invoke 2750000 shares of Bombay Rayon Fashions Ltd.
Pledge
*SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED Promoter Pledge 10000000 shares of Motherson Sumi Systems Ltd. on 07-Jun-21
Revoke
*Gautam S. Adani / Rajesh S. Adani on behalf of S.B. Adani Family Trust Promoter Group Revoke 1728000 shares of Adani Enterprises Ltd. on 08-Jun-21
*Adani Tradeline LLP earlier known as Parsa Kente Rail Infra LLP Promoter Group Revoke 1910000 shares of Adani Enterprises Ltd. on 08-Jun-21
*Adani Tradeline LLP Promoter Group Revoke 295000 shares of Adani Ports And Special Economic Zone Ltd. on 08-Jun-21
*Adani Tradeline LLP earlier known as Parsa Kente Rail Infra LLP Promoter Group Revoke 1590000 shares of Adani Transmission Ltd on 08-Jun-21
*Gautam S Adani / Rajesh S Adani on behalf of S.B. Adani Family Trust Promoter Group Revoke 1280000 shares of Adani Transmission Ltd on 08-Jun-21
Dividend Update
*Bajaj Consumer Care Ltd. Final Dividend Rs. 4 Ex Date 11-Jun-2021
*Bansal Roofing Products Ltd. Final Dividend Rs. 1 Ex Date 11-Jun-2021
*Foseco India Ltd. Final Dividend Rs. 10 Ex Date 11-Jun-2021
*Reliance Industries Ltd. Final Dividend Rs. 7 Ex Date 11-Jun-2021
Result Today
DLF Ltd.
Sun TV Network Ltd.
Bharat Heavy Electricals Ltd.
CG Power & Industrial Solutions Ltd.
Edelweiss Financial Services Ltd.
BEML Ltd.
Cochin Shipyard Ltd.
Heranba Industries Ltd.
DFM Foods Ltd.
Lumax Industries Ltd.
India Power Corporation Ltd.
Likhitha Infrastructure Ltd.
Deccan Cements Ltd.
Patel Engineering Ltd.
Wim Plast Ltd.
MSP Steel & Power Ltd.
Oricon Enterprises Ltd.
Hindustan Organic Chemicals Ltd.
Aksharchem (India) Ltd.
Ashika
Bulk Deals
*Moldtkpac : K India Opportunities Fund Limited Class S Buy 600000 Shares @ Rs. 499.35
*Moldtkpac : Kitara India Micro Cap Growth Fund Sell 600000 Shares @ Rs. 499.35
*Kddl : K India Opportunities Fund Limited Class S Buy 350450 Shares @ Rs. 353.55
*Kddl : Kitara India Micro Cap Growth Fund Sell 350450 Shares @ Rs. 353.55
*Mold-Tek Packaging Ltd : Iti Mutual Fund Sell 141756 Shares @ Rs. 503.64
Ashika
Insider Trade
Disposal
*Shreya Suneja Promoter Disposal 20000 shares of Aarti Industries Ltd.
*SARLA SHANTILAL SHAH Promoter Disposal 35500 shares of Aarti Industries Ltd.
*K. B. Sankar Rao Director Disposal 21400 shares of Granules India Ltd.-$ on 09-Jun-21
*Kavinder Singh Director Disposal 8000 shares of Mahindra Holidays & Resorts India Ltd. on 09-Jun-21
*Mr. Sumit Malhotra Director Disposal 10000 shares of Bajaj Consumer Care Ltd on 04-Jun-21
*CHUNDURU VENKATA LAKSHMANA RAO Promoter & Director Disposal 400000 shares of Laurus Labs Ltd on 08-Jun-21
*RAVI KUMAR VENKATA VANTARAM Promoter & Director Disposal 400000 shares of Laurus Labs Ltd on 08-Jun-21
Invoke
*ASHWELL HOLDING COMPANY PRIVATE LIMITED Promoter Group Invoke 2750000 shares of Bombay Rayon Fashions Ltd.
Pledge
*SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED Promoter Pledge 10000000 shares of Motherson Sumi Systems Ltd. on 07-Jun-21
Revoke
*Gautam S. Adani / Rajesh S. Adani on behalf of S.B. Adani Family Trust Promoter Group Revoke 1728000 shares of Adani Enterprises Ltd. on 08-Jun-21
*Adani Tradeline LLP earlier known as Parsa Kente Rail Infra LLP Promoter Group Revoke 1910000 shares of Adani Enterprises Ltd. on 08-Jun-21
*Adani Tradeline LLP Promoter Group Revoke 295000 shares of Adani Ports And Special Economic Zone Ltd. on 08-Jun-21
*Adani Tradeline LLP earlier known as Parsa Kente Rail Infra LLP Promoter Group Revoke 1590000 shares of Adani Transmission Ltd on 08-Jun-21
*Gautam S Adani / Rajesh S Adani on behalf of S.B. Adani Family Trust Promoter Group Revoke 1280000 shares of Adani Transmission Ltd on 08-Jun-21
Dividend Update
*Bajaj Consumer Care Ltd. Final Dividend Rs. 4 Ex Date 11-Jun-2021
*Bansal Roofing Products Ltd. Final Dividend Rs. 1 Ex Date 11-Jun-2021
*Foseco India Ltd. Final Dividend Rs. 10 Ex Date 11-Jun-2021
*Reliance Industries Ltd. Final Dividend Rs. 7 Ex Date 11-Jun-2021
Result Today
DLF Ltd.
Sun TV Network Ltd.
Bharat Heavy Electricals Ltd.
CG Power & Industrial Solutions Ltd.
Edelweiss Financial Services Ltd.
BEML Ltd.
Cochin Shipyard Ltd.
Heranba Industries Ltd.
DFM Foods Ltd.
Lumax Industries Ltd.
India Power Corporation Ltd.
Likhitha Infrastructure Ltd.
Deccan Cements Ltd.
Patel Engineering Ltd.
Wim Plast Ltd.
MSP Steel & Power Ltd.
Oricon Enterprises Ltd.
Hindustan Organic Chemicals Ltd.
Aksharchem (India) Ltd.
Ashika
Money Market Update
The rupee ended at 73.05 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 72.97.
The rupee ended at 73.05 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 72.97.
Who’s Meeting Whom
Great Eastern Shipping Co.: To meet Morgan Stanley Investment Management and DSP MF on June 14.
Great Eastern Shipping Co.: To meet Morgan Stanley Investment Management and DSP MF on June 14.
Trading Tweaks
Ex-Date Final Dividend: Reliance Industries, Bajaj Consumer Care, Foseco India, Bansal Roofing Products
Record Data Final Dividend: Asian Paints, Shree Digvijay Cement Co., Nippon Life India Asset Management, ITC
Price Band Revised From 10% To 5%: DB Realty
Price Band Revised From 20% To 10%: Jaiprakash Associates
Move Into Short-Term ASM Framework: DB Realty, Fairchem Organics, GTL Infrastructure
Move Out Of Short-Term ASM Framework: Infibeam Avenues, Nitin Spinners
Move Into ASM Framework: Jain Irrigation Systems, Bajaj Hindusthan Sugar
Ex-Date Final Dividend: Reliance Industries, Bajaj Consumer Care, Foseco India, Bansal Roofing Products
Record Data Final Dividend: Asian Paints, Shree Digvijay Cement Co., Nippon Life India Asset Management, ITC
Price Band Revised From 10% To 5%: DB Realty
Price Band Revised From 20% To 10%: Jaiprakash Associates
Move Into Short-Term ASM Framework: DB Realty, Fairchem Organics, GTL Infrastructure
Move Out Of Short-Term ASM Framework: Infibeam Avenues, Nitin Spinners
Move Into ASM Framework: Jain Irrigation Systems, Bajaj Hindusthan Sugar
Pledge Share Details
Adani Enterprises: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 36.38 lakh shares on June 8.
Adani Transmission: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 28.70 lakh shares on June 8.
Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 30.71 lakh shares between June 7-8.
JSW Steel Promoters (Vividh Finvest and JTPM Metal Traders) revoked pledge of 44.71 lakh shares between June 8-9.
Motherson Sumi Systems: Promoter Samvardhana Motherson International revoked pledge of 1 crore shares on June 7.
Adani Enterprises: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 36.38 lakh shares on June 8.
Adani Transmission: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 28.70 lakh shares on June 8.
Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 30.71 lakh shares between June 7-8.
JSW Steel Promoters (Vividh Finvest and JTPM Metal Traders) revoked pledge of 44.71 lakh shares between June 8-9.
Motherson Sumi Systems: Promoter Samvardhana Motherson International revoked pledge of 1 crore shares on June 7.
Insider Trades
Aarti Industries: Promoters (Shreya Suneja and Sarla Shah) sold 55,500 shares between June 7-9.
Kalyani Investment Company: Promoter Ajinkya Investment and Trading Company bought 24,113 shares on June 9.
Laurus Labs: Promoters (Chunduru Rao and Ravi Vantaram) sold 8 lakh shares between June 8-9.
Man Infraconstruction: Promoter Parag Shah bought 2.50 lakh shares on June 9.
Nelcast: Promoter P Deepak bought 20,000 shares on June 9.
Panama Petrochem: Promoter Ittefaq Ice & Cold Storage Company bought 24,068 shares on June 9.
Ultramarine & Pigments: Promoters (S Narayan, Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 41,516 shares on June 9.
Aarti Industries: Promoters (Shreya Suneja and Sarla Shah) sold 55,500 shares between June 7-9.
Kalyani Investment Company: Promoter Ajinkya Investment and Trading Company bought 24,113 shares on June 9.
Laurus Labs: Promoters (Chunduru Rao and Ravi Vantaram) sold 8 lakh shares between June 8-9.
Man Infraconstruction: Promoter Parag Shah bought 2.50 lakh shares on June 9.
Nelcast: Promoter P Deepak bought 20,000 shares on June 9.
Panama Petrochem: Promoter Ittefaq Ice & Cold Storage Company bought 24,068 shares on June 9.
Ultramarine & Pigments: Promoters (S Narayan, Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 41,516 shares on June 9.
Stocks To Watch
Yes Bank: To seek shareholders approval to raise up to Rs 10,000 crore via issue of debt securities.
NHPC: Approved raising up to Rs 4,300 crore through issuance of secured, redeemable, taxable, non-cumulative, non-convertible taxable corporate bonds in FY22.
Suven Pharmaceuticals Ltd, CSIR-Indian Institute of Chemical Technology, Hyderabad and CSIR-National Institute of Interdisciplinary Science & Technology, Thiruvananthapuram have entered into an agreement for the process technology transfer and manufacturing of the anti-Covid drugs, Molnupiravir and 2-DG. This is a related party transaction as one of the Independent Directors of SPL, S Chandrasekhar, is also the Director of CSIR-IICT, Hyderabad. The agreements between the parties involve a total fee of Rs 8 lakh plus taxes for the grant of the licenses on a non-exclusive basis to SPL.
GOCL Corporation: The company and its wholly owned subsidiary, IDL Explosives, have bagged orders of Rs 286.63 crore from Coal India. The company will supply raydets, electronic and other detonators and cartridge explosives over a period of 2 years to Coal India.
Godrej Properties: Godrej Projects Development, a wholly owned subsidiary of the company, has acquired 20% issued and paid-up share capital of Vagishwari Land Developers for Rs 29.99 crore.
Indian Bank: Declared the non-performing accounts of Emmsons International, Runit Fabrics and KR Corporation as fraud and reported them to the RBI.
Reliance Industries: Partly paid-up equity shares will be entitled to dividend of Rs 3.50 per share for FY21.
Mangalore Refinery and Petrochemicals: Approved the scheme of amalgamation of ONGC Mangalore Petrochemicals with the company. The amalgamation will create greater synergies between the business operations of both the companies, result in optimal utilisation of resources and will maximise returns to the entire group, the company said.
Power Grid Corp: To consider a free share issue on June 17.
Kolte-Patil DeveloperS Gopal Sarda has resigned as the Group CEO of the company effective June 10.
Cosmo Films: Cosmo Speciality Chemicals, a subsidiary of the company, has launched a new product called Fabritizer, an after-wash laundry sanitizer for germ-free clothing.
Earnings: DLF, BEML, Bharat Heavy Electricals, CG Power and Industrial Solutions, Cochin Shipyard, Deccan Cements, DFM Foods, Heranba Industries, Likhitha Infrastructure, Lumax Industries, Max Ventures and Industries, Patel Engineering, Sun TV Network
Yes Bank: To seek shareholders approval to raise up to Rs 10,000 crore via issue of debt securities.
NHPC: Approved raising up to Rs 4,300 crore through issuance of secured, redeemable, taxable, non-cumulative, non-convertible taxable corporate bonds in FY22.
Suven Pharmaceuticals Ltd, CSIR-Indian Institute of Chemical Technology, Hyderabad and CSIR-National Institute of Interdisciplinary Science & Technology, Thiruvananthapuram have entered into an agreement for the process technology transfer and manufacturing of the anti-Covid drugs, Molnupiravir and 2-DG. This is a related party transaction as one of the Independent Directors of SPL, S Chandrasekhar, is also the Director of CSIR-IICT, Hyderabad. The agreements between the parties involve a total fee of Rs 8 lakh plus taxes for the grant of the licenses on a non-exclusive basis to SPL.
GOCL Corporation: The company and its wholly owned subsidiary, IDL Explosives, have bagged orders of Rs 286.63 crore from Coal India. The company will supply raydets, electronic and other detonators and cartridge explosives over a period of 2 years to Coal India.
Godrej Properties: Godrej Projects Development, a wholly owned subsidiary of the company, has acquired 20% issued and paid-up share capital of Vagishwari Land Developers for Rs 29.99 crore.
Indian Bank: Declared the non-performing accounts of Emmsons International, Runit Fabrics and KR Corporation as fraud and reported them to the RBI.
Reliance Industries: Partly paid-up equity shares will be entitled to dividend of Rs 3.50 per share for FY21.
Mangalore Refinery and Petrochemicals: Approved the scheme of amalgamation of ONGC Mangalore Petrochemicals with the company. The amalgamation will create greater synergies between the business operations of both the companies, result in optimal utilisation of resources and will maximise returns to the entire group, the company said.
Power Grid Corp: To consider a free share issue on June 17.
Kolte-Patil DeveloperS Gopal Sarda has resigned as the Group CEO of the company effective June 10.
Cosmo Films: Cosmo Speciality Chemicals, a subsidiary of the company, has launched a new product called Fabritizer, an after-wash laundry sanitizer for germ-free clothing.
Earnings: DLF, BEML, Bharat Heavy Electricals, CG Power and Industrial Solutions, Cochin Shipyard, Deccan Cements, DFM Foods, Heranba Industries, Likhitha Infrastructure, Lumax Industries, Max Ventures and Industries, Patel Engineering, Sun TV Network
*Economic Times*
Yes Bank board approves debt fund raising of Rs 10,000 crore
Tata Power arm CGPL raises Rs 570 crore via NCDs
HDFC to raise up to Rs 2,000 crore by issuing bonds
Dabur slaps contempt suit on Marico
Affle to acquire Latin America-based mobile marketing firm Jampp
Reliance Infratel ‘fraud’ tag to go after sale: Lenders
Govt plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queue
Shree Renuka to gain from govt’s ethanol push
*Financial Express*
ATM transactions beyond free permissible limit to cost more from Jan 1
RIL takes Jamnagar refinery unit for emergency shutdown; may delay some product exports
Sansera Engineering files IPO-papers with SEBI; issue entirely an offer-for-sale
India’s agri exports up 17.34 pc at $41.25 bn in 2020-21
Agri push: Modest hike in Kharif MSPs to curb inflation
*Business Line*
- Vehicle sale in May skid sharply on MoM basis
- India to add 20 GW of wind energy capacity by 2025: GWEC
- India’s tea exports in 2020-21 down by 16%
- Titagarh Wagons eyes turnaround in Italy business
- Shipping Corp privatisation in troubled waters over qualification of Safesea Group
Yes Bank board approves debt fund raising of Rs 10,000 crore
Tata Power arm CGPL raises Rs 570 crore via NCDs
HDFC to raise up to Rs 2,000 crore by issuing bonds
Dabur slaps contempt suit on Marico
Affle to acquire Latin America-based mobile marketing firm Jampp
Reliance Infratel ‘fraud’ tag to go after sale: Lenders
Govt plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queue
Shree Renuka to gain from govt’s ethanol push
*Financial Express*
ATM transactions beyond free permissible limit to cost more from Jan 1
RIL takes Jamnagar refinery unit for emergency shutdown; may delay some product exports
Sansera Engineering files IPO-papers with SEBI; issue entirely an offer-for-sale
India’s agri exports up 17.34 pc at $41.25 bn in 2020-21
Agri push: Modest hike in Kharif MSPs to curb inflation
*Business Line*
- Vehicle sale in May skid sharply on MoM basis
- India to add 20 GW of wind energy capacity by 2025: GWEC
- India’s tea exports in 2020-21 down by 16%
- Titagarh Wagons eyes turnaround in Italy business
- Shipping Corp privatisation in troubled waters over qualification of Safesea Group
Brokrage Reports
Mac on Divis Labs
OP, TP Rs 4806
Mac on Asian Paints
OP, TP Rs 3200
Jefferies On HDFC Bank
Buy, TP Rs 1860
Nomura on Tata consumer Maintain buy with Tgt price of 825
Ms on JSW Steel maintain OW with Tgt price of 920
Mac on hdfc life buy with Tgt price of 849
Ms on cipla buy with Tgt price 949
Ms on sbi card buy with Tgt price 1200
Ms on Havells buy with Tgt price 1185
Ms on upl buy with Tgt price 832
Brokrage Reports on Gail
CS: Neutral, TP Raised to Rs 165
Citi: maintain buy with Tgt price of 185
Clsa: buy with Tgt price 200
Mac on Divis Labs
OP, TP Rs 4806
Mac on Asian Paints
OP, TP Rs 3200
Jefferies On HDFC Bank
Buy, TP Rs 1860
Nomura on Tata consumer Maintain buy with Tgt price of 825
Ms on JSW Steel maintain OW with Tgt price of 920
Mac on hdfc life buy with Tgt price of 849
Ms on cipla buy with Tgt price 949
Ms on sbi card buy with Tgt price 1200
Ms on Havells buy with Tgt price 1185
Ms on upl buy with Tgt price 832
Brokrage Reports on Gail
CS: Neutral, TP Raised to Rs 165
Citi: maintain buy with Tgt price of 185
Clsa: buy with Tgt price 200