Pledge Share Details

Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3 lakh shares on June 16.

JSW Holdings: Promoter Siddeshwari Tradex created a pledge of 8.75 lakh shares on June 17.

Tilaknagar Industries: Promoter Amit Dahanukar revoked pledge of 15.50 lakh shares between June 11-15.

Zee Learn: Promoter Essel Media Ventures invoked pledge of 1 crore shares on June 15

Zee Media Corporation: Promoter 25FPS Media invoked pledge of 1.60 crore shares on June 15.

Stocks To Watch

Centrum Capital: Reserve Bank of India has granted in-principle approval to Centrum Financial Services to set up a small finance bank. The in-principle approval was given after Centrum Financial Services, in partnership with Bharat Pe, submitted an expression of interest for PMC Bank. The SFB will be guided by the directions and timelines of the RBI on the amalgamation of Punjab & Maharashtra Co-Operative Bank.

HDFC Bank: To buy 4.99% stake in HDFC Ergo from Housing Development Finance Corporation for Rs 1,906.43 crore. HDFC Bank to buy the 3.56 crore shares at Rs 536 per share. Transaction to be concluded on an arm's length basis as HDFC Bank is a related party for HDFC Ltd. Transaction to require regulatory approval from IRDAI and RBI. Further the bank has recommended a dividend of Rs 6.50 per share for FY21. The record date for the same is June 30.

PNB Housing Finance: SEBI has put PNB Housing Finance's preferential issue on hold. The markets regulator found that the valuation of shares undertaken by the company was "ultra vires" of Articles of Association. Preferential issue shall not be acted upon till the company undertakes the valuation of shares from
an independent registered valuer, SEBI said. PNB Housing Finance said it is evaluating further steps.

Reliance Jio Infocomm Ltd. added the most active users among peers in March as it snapped two straight months of decline. Jio added 7.3 million regularly paying subscribers, according to data released by TRAI. Bharti Airtel Ltd added 4.8 million such subscribers in March against the six-month average of 4.5 million. Vodafone Idea Ltd lost 0.4 million against an average decline of 1.4 million in the last six months.

Phillips Carbon Black: Commissioned 8 MW power plant at Mundra in Gujarat.

Adani Power: The Committee of Creditors of Essar Power MP Ltd, a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, has approved the resolution plan submitted by Adani Power.EPMPL owns a 1,200 MW power plant in Singrauli District, Madhya Pradesh. The closure of the transaction will be subject to obtaining necessary approval from the NCLT and satisfaction of conditions precedent under the resolution plan.

NBCC (India): Has awarded the work order for construction of residential towers and civic amenities at Karkardooma in New Delhi on TOD Norms, EPC mode to NCC Ltd at their quoted price of Rs 859.84 crore.

Bharat Heavy Electricals Ltd: Crisil has downgraded the rating on the long-term bank facilities of the company from AA/Negative to AA-/Negative. The rating on the short-term facilities has been reaffirmed at A1+.

ICICI Bank: S&P has reaffirmed bank’s rating at BBB- and has changed the outlook from negative to stable. According to the rating agency, ICICI Bank's capitalisation will remain strong over the next 24 months, aided by better earnings and profit from sale of stake in subsidiaries.

Jammu & Kashmir Bank: Appointed Pratik Punjabi as Chief Financial Officer of the Bank for a period of three year. Punjabi to replace Rajni Saraf as CFO.

Fine Organic Industries: Made an investment by way of acquisition of 22,500 ordinary shares at a par value of THB 100 per share in the new joint venture company, Fine Organic Industries (Thailand).

Elgi Equipments: To sell a property of Pattons Inc, USA, a material subsidiary of the company.

Earnings: Oil India, Bharat Dynamics, Info Edge (India), HBL Power Systems, Jaiprakash Associates, MM Forgings, Pearl Global Industries, Pokarna, Rico Auto Industries, SP Apparels, TCNS Clothing Co, VST Tillers Tractors

*SGX Nifty -147 pts (15580) from last trade 15727*

Nikkei -875 pts,
Hangseng -300 pts,
Now @6.52am.

Dow -533.37 pts ,Nsdq -130.97 pts, S&P -55.47 pts, , Bovespa +348 pts , Ftse -135 pts  , Dax -279 pts , Cac -97 pts , Crude @ $71.90 brl (+0.26), Brent @ $73.73 brl (+0.19) , Gold @ 1767.90 (-1.10), Silver @ $25.915 (-0.04), Euro @ $1.1871, JPY @ $110.20,  INR @ 74.105

*Today's Corporate Action*
*21st Jun Ex Date*
GGENG
Stock  Split From Rs.10/- to Rs.2/-

NAUKRI
Interim Dividend - Rs. - 8.0000

SKYIND
Dividend - Rs. - 1.0000

SUPREMEIND
Final Dividend - Rs. - 17.0000

*Today's Key Results/Board Meetings*
*21-Jun-21*
ABAN
Audited Results

AJCON
Audited Results

ASHSI
Audited Results

ATISHAY
Final Dividend;Audited Results

AUROLAB
Audited Results;General

AXITA
Half Yearly Results; Audited Results;General

BDL
Final Dividend;Audited Results

BLCISER
Audited Results

COMCL
Quarterly Results;Audited Results

COMFINTE
Quarterly Results;Audited Results

DECPO
Audited Results;General

DELTA
Audited Results

DISHTV
General

GDLLEAS
Audited Results

GINISILK
Audited Results

GLOBALCA
Audited Results

GOKUL
Quarterly Results

GOLKUNDIA
Final Dividend;Audited Results

GPTINFRA
Final Dividend;Audited Results

GUJHYSPIN
Half Yearly Results; Audited Results

HARIAAPL
Audited Results

HARIAEXPO
Audited Results

HBLEAS
Audited Results

HBLPOWER
Audited Results

HBSTOCK
Audited Results

HINDNATGLS
Audited Results

INTECCAP
Audited Results

JPASSOCIAT
Audited Results

KAMDHENU
Final Dividend;Audited Results

KHOOBSURAT
Audited Results

KLKELEC
Audited Results

LACTOSE
Audited Results

LEX
Audited Results;General

MAANALU
Bonus issue

MALUPAPER
Audited Results

METROGLOBL
Dividend;Audited Results

MMFL
Audited Results

MRP
Half Yearly Results; Audited Results

MSL
Quarterly Results;Audited Results

NATFIT
Final Dividend;Audited Results

NAUKRI
Audited Results

NDASEC
Audited Results

NGIL
General

ODYSSEY
Quarterly Results;Audited Results

OIL
Final Dividend;Audited Results

PEOPLIN
Audited Results

PGIL
Audited Results

POKARNA
Dividend;Audited Results

RAAJMEDI
Audited Results

RAJINFRA
Quarterly Results;Audited Results

RANASUG
Quarterly Results;Audited Results

RELCHEMQ
Quarterly Results;Final Dividend;Audited Results

RICOAUTO
Dividend;Audited Results

RUBBERPR
Quarterly Results;Audited Results

SAMKRG
General

SAMTELIN
Audited Results

SBIN
General

SHRDAIS
Audited Results

SIL
Dividend;Audited Results

SILICON
Audited Results

SJCORP
Audited Results

SMAUTO
Audited Results;General

SPAL
Interim Dividend;Audited Results

SRINACHA
Audited Results;General

SUMEETINDS
Audited Results

TALBROSENG
Dividend;Audited Results

TANTIACONS
A.G.M.;General

TCNSBRANDS
Audited Results

TRIMURTHI
Audited Results

UNJHAFOR
Audited Results

UVDRHOR
Quarterly Results;Audited Results

VINRKLB
Audited Results

VISCO
Audited Results

VIVIDIND
Quarterly Results;Audited Results;General

VSTTILLERS
Final Dividend;Audited Results

ZSUBWAYF
Audited Results

*Stock under F&O ban on NSE*
*21-Jun-21*
1ADANIPORTS
2BHEL
3PNB
4SUNTV

GM jsk stock in news sail,hfcl,ntpc, sbicard,bel,centrum,cams,tcs,lupin,pvr,Inox. Negative stocks maruthi,pnbhsgpnb,satincredit. Nifty range 15475-15725

╭──────────────────╮
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴a : 21 Jun/जेस्ट मासा (Monday) ग्रीष्म ऋतू*🙏🏻
╰──────────────────╯
*Today's top News* ➣➣➣➣➣➣➣➣➣➣➣➣
*HAPPY YOGA DAY* 💐🙏🏻🧎🏻‍♀️🧎🏻‍♂️

1. The 7th International Day of Yoga will be observed today. The main theme of International Day of Yoga, 2021 is - *Yoga for Wellness*, PM Modi will address the nation
@ 6.30 AM on all Doordarshan channels, the event will also include a live Yoga demonstration from the Morarji Desai National Institute of Yoga.

2. The Kerala state will celebrate International Yoga Day through various virtual events based on the theme 'Be at Home, be with Yoga'.

3. *India will begin its free COVID-19 vaccination drive for population above the age of 18 years from today, June 21.*

4. *Uttar Pradesh announces relaxations in lockdown restrictions from today.* As per new orders shopping malls and restaurants will be allowed to operate with 50 per cent capacity on weekdays till 9pm.

5. Few States of India, Tamil Nadu (till June 28), Uttarakhand (1 week from June 22) & Haryana (till June 28) govts on Sunday (20 June) announced the extension of Covid-19 lockdown in their states, with a some relaxation of curbs.

6. The Odisha govt plans to begin a massive vaccination drive against COVID-19 from today (21 June). The state aims to vaccinate about 3 lakh beneficiaries per day.

7. The Delhi Govt has allowed the reopening of bars, public parks and gardens from today (21 June) under a phased easing of restrictions imposed due to the second Covid wave.

8. Former Punjab Police inspector general (IG) Kunwar Vijay Pratap is likely to join the AAP in Amritsar today (21 June). AAP chief and Delhi Chief Minister Arvind Kejriwal will in Amritsar to induct the ex-cop into the party.

9. Maharashtra became the first state in the country to cross the landmark of administering 20 million vaccine doses since the drive commenced on January 16.

10. Kashmir valley railway stations, including Srinagar, integrated with rail public Wi-Fi networks.

11. Lok Janshakti Party (LJP) faction led by Chirag Paswan yesterday held party's national executive meeting in New Delhi. Mr Paswn said, that members were present at the national executive meeting condemned & opposed the use of LJP's symbol and name by expelled members.

12. *Born Today:* Wing Commander Abhinandan Varthaman VrC (born 21 June 1983) is an Indian Air Force officer. In the 2019 India-Pakistan standoff, he was held captive for 60 hours in Pakistan after his aircraft was shot down in an aerial dogfight. He was conferred the Vir Chakra gallantry award in August 2019.

*✈INTERNATIONAL NEWS*

1. Today Yoga Day will be observed in about 190 countries globally.

2. Seventh International Day of Yoga was celebrated at Indian Embassy in Beijing with great fervor yesterday. More than 500 people including many Chinese yoga enthusiasts and diplomats gathered at India House to participate in the event.

3. India will host a 2 days summit on Green Hydrogen Initiatives starting Tuesday (22 June- 23 June) involving the BRICS nations. The prestigious event offers a platform to share their respective Green Hydrogen initiatives & views on how to take it to the next level in their own countries. The online event will be anchored by India’s largest power producer & one of the global energy majors, NTPC Ltd.

4. India has dismissed criticism of its new IT rules relating to social media by three UN special rapporteurs on rights issues saying the country's democratic credentials are well recognised & the right to freedom of speech & expression is guaranteed under its Constitution.

5. *Born Today*: General Hastings Lionel Ismay, 1st Baron Ismay (21 June 1887 – 17 December 1965),
British army officer and diplomat, 1st Secretary General of NATO. He was remembered primarily for his role as Winston Churchill's chief military assistant during the 2nd World War & his service as the first Secretary General of NATO from 1952 to 1957.

*Ismay was born in Nainital, India, in 1887* , and educated in the United Kingdom at the Charterhouse School and Royal Military College, Sandhurst.

*🌎WORLD NEWS🌍*

1. US President Joe Biden plans to host Israel's president, Reuven Rivlin, at the White House on 28 June. President Rivlin's visit will highlight the enduring partnership between US & Israel & the deep ties between governments & people of both the countries. Rivlin will visit shortly before he is due to end his seven-year term in July.

2. Isaac Herzog was Israel's elected new president. The current president is Reuven Rivlin, who took office on 24 July 2014. Presidents are elected by the Knesset for a single seven-year term.

3. The number of deaths related to COVID-19 has passed nearly Five Lakhs in Brazil, the second-highest in the world. President Bolsonaro has been heavily criticised for not implementing a co-ordinated national response and for his scepticism toward vaccines.

4. The Asian Development Bank (ADB) on 18 June approved a USD 250 million loan to Bangladesh to help finance reforms. The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966.

*🚣🚴🏇🏁🏊Sports:*

1. Govt announced establishment of 5 Divyangta Khel Kendras in different parts of country. The decision has been taken looking at the interest towards the sports among the Divyangjan & their good performance in Paralympics.

2. India vs New Zealand, WTC Final Highlights, Day 3: New Zealand dismissed India for 217 runs with Kyle Jamieson picking up five wickets. New Zealand managed to score 101/2 at the end of day 3's play with Conway scoring a 50.

*IND vs NZ Cricket*
INDIA
1ST INN 217/10
(92.1) RR 2.35

NEW ZEALAND
1ST INN 101/2
(49.0) RR 2.06

3. The Indian cricket board on Sunday (20 June) pledged a donation of Rs 10 crore for the training & preparations of the country's Olympic-bound athletes. The summer Olympics is scheduled to be held in Tokyo from 23 July to 8th August 2021.

4. India's star all-rounder Sneh Rana (27) has become the first Indian woman cricketer to score more than 50 runs & take four wickets in a debut Test in the one-off Test match played against England. She is the fourth female cricketer in the world to achieve this feat in a debut Test.

*USD 74.12 💷GBP 102.040*
_In Mumbai(MH)_
*🥇Gold ₹49,420©10 gm 24 (Krt)*
🥈 *Silver ₹70,300©Kg*
⛽ *Petrol ₹ 103.36*
⛽ *Diesel ₹ 95.44*

*LPG : ₹ 809/14.2 Kg*

*BSE Sensex* 52,344.45
*NIFTY* : 15,683.4

Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
*🇮🇳Facts about India🇮🇳*

International Day of Yoga, or commonly and unofficially referred to as Yoga Day, is celebrated annually on 21 June since its inception in 2015. An international day for yoga was declared unanimously by the United Nations General Assembly.

*Yoga (योगः)* means Union, the act, process or result of joining or connecting one entity to another. Word Yoga is derived from the Sanskrit root ‘yuj’ (युज्).

*😀Thought of the day*

Anyone who practices can obtain success in yoga but not one who is lazy. Constant practice alone is the secret of success.

The body is your temple. Keep it pure and clean for the soul to reside in.

*Joke of the day*

A women 👰🏻worries about her future until she gets a husband.
A man💁🏻‍♂️ never worries about his future until he gets a wife😆🤣

*😳Why❓❓❓*

*Why Yoga day is celebrated on 21 June*

June 21 is the day of the Summer Solstice, when the tilt of a planet's axis in the northern hemisphere is most inclined toward the star that it orbits - in our case, the Earth and the Sun.

June 21 is considered the longest day of the year with the sun rising early and setting late for the northern hemisphere. Many countries from Canada to Iran mark this day with festivities.
But science aside, the summer solstice is also considered an important day in Indian mythology as it marks an event that could be considered the start of Yogic science.

*LEARN Sanskrit*🙏🏻

Surya ( *सूर्य* ) is a Sanskrit word that means the Sun.

Synonyms of Surya in ancient Indian literature include Aditya, Arka, Bhanu, Savitr, Pushan, Ravi, Martanda, Mitra, Bhaskara Vivasvan.
Divakara, Savitriya & Hiranyagarba

🤔 *How it works* ⁉

*How toned milk is prepared...*

Toned milk is made by diluting full-fat buffalo milk with skim milk & water to reduce its fat. The process retains nutrients like calcium, potassium, B vitamins, & protein, making the product nutritionally similar to cow's milk. In moderation, toned milk may offer the same benefits as other dairy products.

Note.: Excessive intake of dairy products could pose some health risks, so practice moderation and ensure a balanced diet.

💁🏻‍♂️ *GK TODAY*

Bhāskara (c. 600 – c. 680) commonly called Bhaskara I. who was the first to write numbers in the Hindu decimal system with a circle for the zero, and who gave a unique and remarkable rational approximation of the sine function in his commentary on Aryabhata's work.

🛕 *VEDIK GYAN*

Hanuman Chalisa was written by Sant Kavi Tulsidas back in the 15th century in the Awadhi language, and is his best known text apart from the Ramcharitmanas.

It also indicates accurate distance between Sun and earth....just think How it could be possible... Without any Modern telescope...Or other equipment....But in those days.... Rishi and sant have the knowledge of predictions.

Below lines gives distance between Sun Earth.....

Yug sahastra yojan per Bhanu!*
*Leelyo taahi madhur phal janu!!

1 Yug = 12000 years
1 Sahastra = 1000
1 Yojan = 8 Miles

Yug x Sahastra x Yojan = par Bhanu
12000 x 1000 x 8 miles = 96,000,000 miles

1 mile = 1.6kms

96,000,000 miles x 1.6kms = 1,536,000,000 kms / 96,000,000 miles to Sun
💁🏻‍♂️It was the calculation distance between the Sun and Earth

But people believed only after NASA has said that, it is the exact distance between Earth and Sun (Bhanu)🙏🏻🤦🏻‍♂️

Bhaskara I and others, the value of the earth’s diameter is given as 1,050 yojanas, which translates to 3,300 yojanas as the equatorial circumference (based on Aryabhata’s extremely accurate value of pi, 3.1416).

🧬 *HEALTH CARE:© HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

*Bitter Gourd (करेला)* is a good source of nutrients like fiber, vitamin C, folate and vitamin A. It has been shown to improve several markers of long-term blood sugar control.

*Regards*
╭──────────────────╮
*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©YOUR FAMILY SAFE🌼*
╰──────────────────╯

World Markets

Dow - 533
Nasdaq - 131
Dax - 280
Nikkei - 905
Hangseng - 375
Sgxnifty - 140 (15586)
Brent Crude 74.05
Dow Fut - 95
Dollar Index 92.22

🌟Good Morning All🌟

☀️ BSC Exclusive Morning Market News & Update☀️

🔹Centrum Capital: Reserve Bank of India has granted in-principle approval to Centrum Financial Services to set up a small finance bank. The in-principle approval was given after Centrum Financial Services, in partnership with Bharat Pe, submitted an expression of interest for PMC Bank. The SFB will be guided by the directions and timelines of the RBI on the amalgamation of Punjab & Maharashtra Co-Operative Bank.

🔹HDFC Bank: To buy 4.99% stake in HDFC Ergo from Housing Development Finance Corporation for Rs 1,906.43 crore. HDFC Bank to buy the 3.56 crore shares at Rs 536 per share. Transaction to be concluded on an arm's length basis as HDFC Bank is a related party for HDFC Ltd. Transaction to require regulatory approval from IRDAI
and RBI. Further the bank has recommended a dividend of Rs 6.50 per share for FY21. The record date for the same is June 30.

🔹PNB Housing Finance: SEBI has put PNB Housing Finance's preferential issue on hold. The markets regulator found that the valuation of shares undertaken by the company was "ultra vires" of Articles of Association. Preferential issue shall not be acted upon till the company undertakes the valuation of shares from an independent registered valuer, SEBI said. PNB Housing Finance said it is evaluating
further steps.

🔹Reliance Jio Infocomm Ltd. added the most active users among peers in March as it snapped two straight months of decline. Jio added 7.3 million regularly paying subscribers, according to data released by TRAI. Bharti Airtel Ltd added 4.8 million such subscribers in March against the six-month average of 4.5 million. Vodafone
Idea Ltd lost 0.4 million against an average decline of 1.4 million in the last six months.

🔹Phillips Carbon Black: Commissioned 8 MW power plant at Mundra in Gujarat.

🔹Adani Power: The Committee of Creditors of Essar Power MP Ltd, a company undergoing insolvency resolution under the Insolvency and Bankruptcy Code, has approved the resolution plan submitted by Adani Power. EPMPL owns a 1,200 MW power plant in Singrauli District, Madhya Pradesh. The closure of the transaction
will be subject to obtaining necessary approval from the NCLT and satisfaction of conditions precedent under the resolution plan.

🔹NBCC (India): Has awarded the work order for construction of residential towers and civic amenities at Karkardooma in New Delhi on TOD Norms, EPC mode to NCC Ltd at their quoted price of Rs 859.84 crore.

🔹Bharat Heavy Electricals Ltd: Crisil has downgraded the rating on the long-term bank facilities of the company from AA/Negative to AA-/Negative. The rating on the short-term facilities has been reaffirmed at A1+.

🔹ICICI Bank: S&P has reaffirmed bank’s rating at BBB- and has changed the outlook from negative to stable. According to the rating agency, ICICI Bank's capitalisation will remain strong over the next 24 months, aided by better earnings and profit from sale of stake in subsidiaries.

🔹Jammu & Kashmir Bank: Appointed Pratik Punjabi as Chief Financial Officer of the Bank for a period of three year. Punjabi to replace Rajni Saraf as CFO.

🔹Fine Organic Industries: Made an investment by way of acquisition of 22,500 ordinary shares at a par value of THB 100 per share in the new joint venture company, Fine Organic Industries (Thailand).

🔹Elgi Equipments: To sell a property of Pattons Inc, USA, a material subsidiary of the company.

🔹Earnings: Oil India, Bharat Dynamics, Info Edge (India), HBL Power Systems, Jaiprakash Associates, MM Forgings, Pearl Global Industries, Pokarna, Rico Auto Industries, SP Apparels, TCNS Clothing Co, VST Tillers Tractors

🔹 *Eyes 👀 on today*

• India’s NTPC Beats Net Income Ests. on Change in Tax Expense
• India Rate Setters See Risk From Energy, Commodity Inflation
• India Total Mobile Users Rise 1.1% M/M to 1.18B at March End
• Indian Regulator Orders PNB Housing to Halt Fundraising Plan
• Growth Pangs Gain Precedence for India’s Inflation-Targeting RBI
• India Forex Reserves Rise $3.1b to $608.1b in Week to June 11
o India Official Reserves Rise to Record in June
• RBI Evaluating Aspects of Green Financing: Deputy Governor Jain
• Centrum Gets Nod for Small Finance Bank After PMC Bank Bid
• HDFC Bank Proposes To Buy 4.99% Stake In HDFC ERGO: BQ
• Global Funds Buy Net INR26.8B of India Stocks on June 18: NSE
o Domestic funds buy net 4.46b rupees of stocks
• Foreign Investors Sell Net INR9.14B of Indian Equities June 17
• Foreigners Sell Net INR3.62B Indian Equity Derivatives June 18
• Emerging- Market Bulls Pin Currency Hopes on Hawks Outpacing Fed
• India Collating Information on Sectors that Need Help: FM on Times Now
o Studying Need for Help to Hospitality, Tourism Sector
• Govt open to more measures to boost economy: CEA: PTI
• Zydus Cadila Likely to Seek EUA for Covid Vaccine Next Week: PTI
• Authum Declared Preferred Bidder for Reliance Home Finance: ET
• RateGain Travel Tech Picks Banks for Possible IPO: Mint
• Bharti Airtel (BHARTI): Adds net 4.1m mobile users in March: TRAI
• Centrum Capital (CECA): Centrum: Small Fin. Bank Approval as Part of PMC Bank Revival
• GMR Infrastructure (GMRI): 4Q net loss 7.23b rupees vs 11.3b t/y; Sales 16.3b vs 19.5b y/y
• ICICI Bank (ICICIBC): Says S&P changes ICICIBC’s outlook to stable from negative; reaffirms rating at BBB-
• India Glycols (IGLY): To consider raising funds on June 25
• NTPC Ltd. (NTPC): 4Q net income 44.79b rupees, beats est. 33.48b; revenue 265.7b; dividend per share 3.15 rupees
• Reliance Industries (RIL): Reliance Jio adds net 7.9m mobile users in March
• Vodafone Idea (IDEA): Adds net 1.1m mobile users in March: TRAI

Adani Ports

Sector Outlook
95% of Indian trade by volume & 70% by value is via maritime transport
12 Major ports & 200 non-major
As of Jan 2021, 178 projects valued at 2L Cr. under dev.
Cargo traffic CAGR 4% over 5 yrs
The capacity addition at ports is expected to grow at a CAGR of 5-6%

FM proposed to double ship recycling capacity of ships of 4-5 million LDT by 2024
Union Budger 2021 announced subsidy to shipping cos. worth INR 1624 Cr.
Major Port Authorities Bill, 2020 passed in Feb 2021 to align international best practises

Management
CEO: Karan Adani
MD & Chairman: Mr. Gautam S Adani (2nd richest Asian)
Focused on growth through investments & acquisitions
Targets to achieve 500MT by 2025
CFO Mr. Deepak Maheshwari resigned w.e.f. 5 May 2021

Future Outlook
The company targets consolidated revenue of 16K-16.8K Cr. in FY22
This should result in EBITDA around 10.2K-10.7K Cr.
Improvement in port EBITDA margins to 71-71.5%
The company is targeting 500MMT cargo throughput by 2025
Strategic partnership with Flipkart

APSEZ grew by 11% (Cargo Volume) in FY21 despite 5% decline in industry
Significant increase in market share
Expecting cargo volume to exceed 310 MMT in FY22
Expected CAPEX for ports INR 3100 – 3500 Cr.
Overhauled cost structure towards variable cost

Growth through Acquisitions
Company has announced to acquire 89.6% in Gangavaram Port
And 100% in Krishnapatnam Port Company Limited
The company set up a new vertical of rail track business with the acquisition of Sarguja Rail Corporation
APSEZ acquired Dighi Port through IBC

Ashika Global Market Update

SGX NIFTY: -128(15622) @7:05 am *Considering Friday’s closing of 15750 (July’21 Contract)
DOW: -533(-1.58%)
DOW FUTURES: -103(-0.31%)
HANGSENG: -361(-1.11%)
SHANGHAI COMP: -9(-0.25%)
NIKKEI: -916(-3.16%)

GOLD COMEX(USD/toz): 1771.80(+0.16%)
SILVER COMEX (USD/toz): 25.99(+0.08%)
LME COPPER(USD/MT): 9145.50(-1.82%)
LME ZINC(USD/MT): 2822.50(-3.06%)
LME ALUMINIUM(USD/MT): 2385.00(-3.06%)
BRENT CRUDE(USD/bbl): 73.70(+0.26%)
WTI CRUDE OIL(USD/bbl): 71.91(+0.38%)

USDINR: 73.86(-0.30%)
DOLLAR INDEX: 92.20(-0.12%)
US 10YRS BOND YIELD: 1.42%
INDIA 10YRS BOND YIELD: 6.00%

FII: +2680
DII: +446
FII F&O: -362
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 8818
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 97405
NSE ADVANCE/ DECLINE: 564/1433 (0.39)

Securities in Ban Period: ADANIPORTS, BHEL, PNB, SUNTV

Bulk Deal & Insider Trade Update
Bulk Deals
*Sbicard : Ca Rover Holding Sell 48000000 Shares @ Rs. 1002

*Sbi Cards & Pay Ser Ltd : Morgan Stanley Asia (Singapore) Pte. - Odi Buy 5409522 Shares @ Rs. 1002

*Capacite : Think India Opportunities Master Fund Lp Buy 3493297 Shares @ Rs. 202

*Knr Constructions Limited : Sbi Mutual Fund Buy 4763679 Shares @ Rs. 223

*Computer Age Mngt Ser Ltd : The Vanguard Group Inc A/C Vanguard Emerging Markets Stock Index Fund A Series Of Vanguard Internat Buy 348311 Shares @ Rs. 2781.82

*Ballarpur Industries Limi : Lt Finance Limited Sell 34018840 Shares @ Rs. 1.72
Ashika

Insider Trade
Acquisition
*SBI Capital Markets Limited Promoter Group Acquisition 4000 shares of Sbi Cards And Payment Services Ltd

*State Bank of India Promoter Acquisition 4000 shares of Sbi Cards And Payment Services Ltd

*GREENPLY LEASING & FINANCE PRIVATE LIMITED Promoter Group Acquisition 130000 shares of Greenlam Industries Ltd on 17-Jun-21

*Infinite Trade and Investment Ltd. Promoter Group Acquisition 1499314 shares of Adani Green Energy Ltd on 17-Jun-21

Disposal
*MEREDDY RAJESH REDDY Promoter Disposal 2000000 shares of Knr Constructions Ltd. on 18-Jun-21

*KAMIDI JALANDHAR REDDY Promoter & Director Disposal 1000000 shares of Knr Constructions Ltd. on 18-Jun-21

*KAMIDI YASHODA Promoter & Director Disposal 2000000 shares of Knr Constructions Ltd. on 18-Jun-21

*Bijal Dilipchandra Modi Director Disposal 2173 shares of Valiant Organics Ltd

*Hemchand Lalji Gala Promoter Disposal 21220 shares of Valiant Organics Ltd

*RITA JHUNJHUNWALA Promoter Group Disposal 70000 shares of Heg Ltd. on 18-Jun-21

*RISHABH JHUNJHUNWALA Promoter Group Disposal 70000 shares of Heg Ltd. on 18-Jun-21

*Advanced Vital Enzymes Private Limited Promoter Group Disposal 3115000 shares of Advanced Enzyme Technologies Ltd

*SBI Capital Markets Limited Promoter Group Disposal 4000 shares of Sbi Cards And Payment Services Ltd

*Bijal Dilipchandra Modi Director Disposal 2323 shares of Valiant Organics Ltd

*SAURABH MITTAL Promoter & Director Disposal 130000 shares of Greenlam Industries Ltd on 17-Jun-21

*Anil Gupta Promoter & Director Disposal 400000 shares of Kei Industries Ltd. on 16-Jun-21

*SARLA SHANTILAL SHAH Promoter Disposal 5000 shares of Aarti Industries Ltd. on 14-Jun-21

Invoke
*Essel Media Ventures Private Limited Promoter Invoke 10000000 shares of Zee Learn Ltd. on 15-Jun-21

*25FPS Media Private Limited Promoter Invoke 16000000 shares of Zee Media Corporation Limited on 15-Jun-21

*A J Tolls Pvt. Ltd. Promoter Group Invoke 110000 shares of Mep Infrastructure Developers Ltd on 16-Jun-21

Pledge
*Siddheshwari Tradex Private Limited Promoter Group Pledge 19000000 shares of Jsw Energy Ltd on 17-Jun-21

*SIDDESHWARI TRADEX PRIVATE LIMITED Promoter Group Pledge 875000 shares of Jsw Holdings Limited on 17-Jun-21

Revoke
*Zuari Global Limited Promoter Revoke 300000 shares of Chambal Fertilisers & Chemicals Ltd. on 16-Jun-21

Dividend Update
*Info Edge (India) Ltd. Interim Dividend Rs. 8 Ex Date 21-Jun-2021
*Sky Industries Ltd. Dividend Rs. 1 Ex Date 21-Jun-2021
*Supreme Industries Ltd. Final Dividend Rs. 17 Ex Date 21-Jun-2021
*Bhansali Engineering Polymers Ltd. Dividend Rs. 1 Ex Date 22-Jun-2021
*Adani Ports and Special Economic Zone Ltd. Dividend Rs. 5 Ex Date 24-Jun-2021
*Adani Gas Ltd. Dividend Rs. 0.25 Ex Date 24-Jun-2021
*Torrent Power Ltd. Final Dividend Rs. 5.5 Ex Date 24-Jun-2021
*Vinati Organics Ltd. Dividend Rs. 6 Ex Date 24-Jun-2021
*R Systems International Ltd. Interim Dividend Rs. 2.5 Ex Date 25-Jun-2021
*Supreme Petrochem Ltd. Final Dividend Rs. 12.5 Ex Date 25-Jun-2021
*Vimta Labs Ltd. Dividend Rs. 2 Ex Date 25-Jun-2021

*Good Morning*
• India’s NTPC Beats Net Income Ests. on Change in Tax Expense
• India Rate Setters See Risk From Energy, Commodity Inflation
• India Total Mobile Users Rise 1.1% M/M to 1.18B at March End
• Indian Regulator Orders PNB Housing to Halt Fundraising Plan
• Growth Pangs Gain Precedence for India’s Inflation-Targeting RBI
• India Forex Reserves Rise $3.1b to $608.1b in Week to June 11
o India Official Reserves Rise to Record in June
• RBI Evaluating Aspects of Green Financing: Deputy Governor Jain
• Centrum Gets Nod for Small Finance Bank After PMC Bank Bid
• HDFC Bank Proposes To Buy 4.99% Stake In HDFC ERGO: BQ
• Global Funds Buy Net INR26.8B of India Stocks on June 18: NSE
o Domestic funds buy net 4.46b rupees of stocks
• Foreign Investors Sell Net INR9.14B of Indian Equities June 17
• Foreigners Sell Net INR3.62B Indian Equity Derivatives June 18
• Emerging- Market Bulls Pin Currency Hopes on Hawks Outpacing Fed
• India Collating Information on Sectors that Need Help: FM on Times Now
o Studying Need for Help to Hospitality, Tourism Sector
• Govt open to more measures to boost economy: CEA: PTI
• Zydus Cadila Likely to Seek EUA for Covid Vaccine Next Week: PTI
• Authum Declared Preferred Bidder for Reliance Home Finance: ET
• RateGain Travel Tech Picks Banks for Possible IPO: Mint
• Bharti Airtel (BHARTI): Adds net 4.1m mobile users in March: TRAI
• Centrum Capital (CECA): Centrum: Small Fin. Bank Approval as Part of PMC Bank Revival
• GMR Infrastructure (GMRI): 4Q net loss 7.23b rupees vs 11.3b t/y; Sales 16.3b vs 19.5b y/y
• ICICI Bank (ICICIBC): Says S&P changes ICICIBC’s outlook to stable from negative; reaffirms rating at BBB-
• India Glycols (IGLY): To consider raising funds on June 25
• NTPC Ltd. (NTPC): 4Q net income 44.79b rupees, beats est. 33.48b; revenue 265.7b; dividend per share 3.15 rupees
• Reliance Industries (RIL): Reliance Jio adds net 7.9m mobile users in March
• Vodafone Idea (IDEA): Adds net 1.1m mobile users in March: TRAI

*Sharekhan Stock Idea- 3R Recommendation*
*Power Grid Corporation of India Limited*
*Higher capitalisation boosts Q4; asset monetization to continue*
*Rating: Buy*
(CMP: 233, Price Target: 290)
*Company Description*
About company Power Grid is into the power transmission business with the responsibility for planning, implementation, operation, and maintenance of inter-state transmission system and operation of the National and Regional Load Dispatch Centres. The company’s segments include transmission, telecom, and consultancy. The transmission segment includes extra-high voltage/high voltage (EHV/HV) networks and grid management.
*Key Investment Arguments*
• Q4FY21 Standalone PAT grew by 10.5% y-o-y to Rs. 3,324 crore (13.4% above our estimate) led by asset capitalisation of Rs. 6,983 crore, an 8.2% y-o-y rise in other income a 24% y-o-y fall in interest costs.
• FY21 asset capitalisation stood at Rs. 21,467 crore, surpassing guidance; the management guided for capitalisation of Rs. 17,000 crore for FY2022E. Majority of FY2022 capitalisation is back-ended and the company has work-in-hand worth Rs. 41,100 crore; thus, we expect earnings growth momentum to sustain (expect 12% PAT CAGR over FY21-FY23E).
• Company has successfully monetized 5 TBCB assets through InvIT and target to further monetise transmission assets worth Rs. 5,000 crore in 12-18 months. Lower capex guidance of Rs. 7,500 crore for FY22 provides room for higher dividend. Board recommended a bonus issue of 3:1.
• We maintain a Buy on stock with a revised PT of Rs. 290 (valued at 1.7x FY23E book value), given earnings visibility, attractive valuation of 1.4x its FY23E P/BV (19% discount to historical P/BV), and healthy dividend yield of 5-6%.

*Sharekhan Stock Idea- 3R Recommendation*
*Tech Mahindra Limited*
*5G to forge growth trajectory*
*Rating: Buy*
(CMP: 1071, Price Target: 1250)
*Company Description*
Incorporated in 1986, Tech M was formed by a joint venture between Mahindra & Mahindra and British Telecom Plc under the name of Mahindra British Telecom. The company has been providing end-to-end services to telecom OEMs and service providers. Over the years, the company has acquired Comviva Technologies, LCC, and Hutchison Global Services to fill gaps in its service offerings in the telecom space. Notably, post the acquisition of Satyam, Tech M entered the enterprise solutions space and became the fifth largest Indian IT player.
*Key Investment Arguments*
• We maintain Buy on Tech Mahindra (Tech M) with a revised PT of Rs. 1,250, given reasonable valuation and potential strong revenue growth because of 5G opportunity.
• Management indicated that the impact of weak seasonality in Comviva business would be lower in Q1FY2022 compared to earlier years. Margin would be impacted by wage revision, visa hike, and weak seasonality.
• We expect Q1FY2021 deal win TCVs to be around 1.5x-2x higher than average quarterly deal win TCVs ($400 million - 500 million), but it would be lower compared to Q4FY2021 ($1.04 billion). The deal pipeline continues to remain healthy.
• Management remains confident on delivering double-digit revenue growth in FY2022 due to strong growth in communication, BFSI, and manufacturing verticals. The company expects EBIT margin at 15%+ despite wage revision and return of travel expenses in 2HFY2022.