*VST Tillers Tractors Ltd.* | *CMP* Rs. 2165 | *M Cap* Rs. 1870 Cr | *52 W H/L* 2307/1278
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 194.7 Cr (-4% QoQ, 62.6% YoY) vs QoQ Rs. 202.9 Cr, YoY Rs. 119.8 Cr
EBIDTA came at Rs. 7.8 Cr (-73.8% QoQ, -221.2% YoY) vs QoQ Rs. 29.9 Cr, YoY Rs. -6.5 Cr
EBITDA Margin came at 4% vs QoQ 14.7%, YoY -5.4%
Adj. PAT came at Rs. 12.9 Cr vs QoQ Rs. 30.8 Cr, YoY Rs. -3.4 Cr
Quarter EPS is Rs. 15
Share is trading at P/E of 16.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result has declined*
Revenue from Operations came at Rs. 194.7 Cr (-4% QoQ, 62.6% YoY) vs QoQ Rs. 202.9 Cr, YoY Rs. 119.8 Cr
EBIDTA came at Rs. 7.8 Cr (-73.8% QoQ, -221.2% YoY) vs QoQ Rs. 29.9 Cr, YoY Rs. -6.5 Cr
EBITDA Margin came at 4% vs QoQ 14.7%, YoY -5.4%
Adj. PAT came at Rs. 12.9 Cr vs QoQ Rs. 30.8 Cr, YoY Rs. -3.4 Cr
Quarter EPS is Rs. 15
Share is trading at P/E of 16.9x FY22E EPS
*MM Forgings Ltd.* | *CMP* Rs. 589 | *M Cap* Rs. 1422 Cr | *52 W H/L* 624/172
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 293.4 Cr (31.5% QoQ, 74.1% YoY) vs QoQ Rs. 223 Cr, YoY Rs. 168.5 Cr
EBIDTA came at Rs. 59.5 Cr (70.6% QoQ, 147.9% YoY) vs QoQ Rs. 34.9 Cr, YoY Rs. 24 Cr
EBITDA Margin came at 20.3% vs QoQ 15.6%, YoY 14.2%
Adj. PAT came at Rs. 34.9 Cr vs QoQ Rs. 16.4 Cr, YoY Rs. 3.1 Cr
Quarter EPS is Rs. 14.5
Share is trading at P/E of 17.7x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 293.4 Cr (31.5% QoQ, 74.1% YoY) vs QoQ Rs. 223 Cr, YoY Rs. 168.5 Cr
EBIDTA came at Rs. 59.5 Cr (70.6% QoQ, 147.9% YoY) vs QoQ Rs. 34.9 Cr, YoY Rs. 24 Cr
EBITDA Margin came at 20.3% vs QoQ 15.6%, YoY 14.2%
Adj. PAT came at Rs. 34.9 Cr vs QoQ Rs. 16.4 Cr, YoY Rs. 3.1 Cr
Quarter EPS is Rs. 14.5
Share is trading at P/E of 17.7x FY22E EPS
*TCNS Clothing Co Ltd.* | *CMP* Rs. 596 | *M Cap* Rs. 3667 Cr | *52 W H/L* 607/322
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 221 Cr (-7.1% QoQ, 0.8% YoY) vs expectation of Rs. 242.2 Cr, QoQ Rs. 237.9 Cr, YoY Rs. 219.2 Cr
EBIDTA came at Rs. 22.9 Cr (-40.5% QoQ, -576.2% YoY) vs expectation of Rs. 37.3 Cr, QoQ Rs. 38.5 Cr, YoY Rs. -4.8 Cr
EBITDA Margin came at 10.4% vs expectation of 15.4%, QoQ 16.2%, YoY -2.2%
Adj. PAT came at Rs. 3.9 Cr vs expectation of Rs. 13.6 Cr, QoQ Rs. 12.7 Cr, YoY Rs. -23.8 Cr
Quarter EPS is Rs. 0.6
Share is trading at P/E of 54.7x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 221 Cr (-7.1% QoQ, 0.8% YoY) vs expectation of Rs. 242.2 Cr, QoQ Rs. 237.9 Cr, YoY Rs. 219.2 Cr
EBIDTA came at Rs. 22.9 Cr (-40.5% QoQ, -576.2% YoY) vs expectation of Rs. 37.3 Cr, QoQ Rs. 38.5 Cr, YoY Rs. -4.8 Cr
EBITDA Margin came at 10.4% vs expectation of 15.4%, QoQ 16.2%, YoY -2.2%
Adj. PAT came at Rs. 3.9 Cr vs expectation of Rs. 13.6 Cr, QoQ Rs. 12.7 Cr, YoY Rs. -23.8 Cr
Quarter EPS is Rs. 0.6
Share is trading at P/E of 54.7x FY22E EPS
*SP Apparels Ltd.* | *CMP* Rs. 244 | *M Cap* Rs. 627 Cr | *52 W H/L* 245/62
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 191.6 Cr (-8.6% QoQ, 13.8% YoY) vs expectation of Rs. 198.7 Cr, QoQ Rs. 209.5 Cr, YoY Rs. 168.4 Cr
EBIDTA came at Rs. 24.5 Cr (-36.5% QoQ, 38.1% YoY) vs expectation of Rs. 36.3 Cr, QoQ Rs. 38.6 Cr, YoY Rs. 17.8 Cr
EBITDA Margin came at 12.8% vs expectation of 18.3%, QoQ 18.4%, YoY 10.6%
Adj. PAT came at Rs. 10.6 Cr vs expectation of Rs. 20.3 Cr, QoQ Rs. 19.7 Cr, YoY Rs. 2.8 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 8.2x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 191.6 Cr (-8.6% QoQ, 13.8% YoY) vs expectation of Rs. 198.7 Cr, QoQ Rs. 209.5 Cr, YoY Rs. 168.4 Cr
EBIDTA came at Rs. 24.5 Cr (-36.5% QoQ, 38.1% YoY) vs expectation of Rs. 36.3 Cr, QoQ Rs. 38.6 Cr, YoY Rs. 17.8 Cr
EBITDA Margin came at 12.8% vs expectation of 18.3%, QoQ 18.4%, YoY 10.6%
Adj. PAT came at Rs. 10.6 Cr vs expectation of Rs. 20.3 Cr, QoQ Rs. 19.7 Cr, YoY Rs. 2.8 Cr
Quarter EPS is Rs. 4.1
Share is trading at P/E of 8.2x FY22E EPS
FII and DII Trading activities as on 21June 2021
FII F&O (Net)+1780.6Cr
FII INDEX FUTURES-478.45Cr
FII INDEX OPTIONS+1733.94Cr
FII STOCK FUTURES+74.03Cr
FII STOCK OPTIONS+451.08Cr
FII CASH-1244.71Cr
DII CASH+138.09Cr
FII F&O (Net)+1780.6Cr
FII INDEX FUTURES-478.45Cr
FII INDEX OPTIONS+1733.94Cr
FII STOCK FUTURES+74.03Cr
FII STOCK OPTIONS+451.08Cr
FII CASH-1244.71Cr
DII CASH+138.09Cr
Bharti Airtel, TCS announce collaboration to build 5G networks in India
Bharti Airtel and Tata Group today announced a strategic partnership for implementing 5G networks solutions for India.
Tata Group has developed a ‘state of the art’ O-RAN based Radio &
Bharti Airtel and Tata Group today announced a strategic partnership for implementing 5G networks solutions for India.
Tata Group has developed a ‘state of the art’ O-RAN based Radio &
Securities in Ban For Trade Date 22-June-2021:
IDEA
SUNTV
*Added IDEA*
*Deleted ADANIPORTS,BHEL,PNB*
IDEA
SUNTV
*Added IDEA*
*Deleted ADANIPORTS,BHEL,PNB*
Mid-market update – European Stocks Stem Losses…Dow Future recovers 1% from intra-day low …US 10-Year Bond fell to 3-month Low
· European equities pared a drop to trade little-changed on Monday, shaking off recent worries over a more hawkish stance by the U.S. Federal Reserve as M&A action boosted shares in U.K. grocers. Germany Index bounced back into positive territory while France and UK Index declined 0.2% each.
· Asian markets skidded on Monday, with Japan's Nikkei 225 index losing 3.3%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve’s signal last week that it may raise current ultra-low rates sooner than had been expected. Taiwan, Hong Kong and South Korea Index declined over 1% each.
· Brent Oil climbed near $74 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new president
· US Dow Future is up 0.3% while recovered 1% from the intra-day low
· US 10-Year Bond declined 2bps at 1.43%
· European equities pared a drop to trade little-changed on Monday, shaking off recent worries over a more hawkish stance by the U.S. Federal Reserve as M&A action boosted shares in U.K. grocers. Germany Index bounced back into positive territory while France and UK Index declined 0.2% each.
· Asian markets skidded on Monday, with Japan's Nikkei 225 index losing 3.3%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve’s signal last week that it may raise current ultra-low rates sooner than had been expected. Taiwan, Hong Kong and South Korea Index declined over 1% each.
· Brent Oil climbed near $74 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new president
· US Dow Future is up 0.3% while recovered 1% from the intra-day low
· US 10-Year Bond declined 2bps at 1.43%
IPO Allotment Link
Shyam Metalics and Energy Limited
https://kosmic.kfintech.com/ipostatus/
Dodla Dairy Limited
https://kosmic.kfintech.com/ipostatus/
Krishna Institute of Medical Sciences Limited
https://linkintime.co.in/IPO/public-issues.html
Sona BLW Precision Forgings Limited
https://kosmic.kfintech.com/ipostatus/
India Pesticides Limited
https://kosmic.kfintech.com/ipostatus/
Shyam Metalics and Energy Limited
https://kosmic.kfintech.com/ipostatus/
Dodla Dairy Limited
https://kosmic.kfintech.com/ipostatus/
Krishna Institute of Medical Sciences Limited
https://linkintime.co.in/IPO/public-issues.html
Sona BLW Precision Forgings Limited
https://kosmic.kfintech.com/ipostatus/
India Pesticides Limited
https://kosmic.kfintech.com/ipostatus/
*Good Morning*
Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Reliance has set a 2035 target to be a carbon-neutral co.
India Extends Transmission-Fee Waiver for Renewable Projects
India Coal Power Giant Nearly Doubles Renewable Energy Target
NTPC board aims to have 60 gigawatts clean power by 2032
Duflo, Rajan Named to Indian State’s Economic Advisory Panel
SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
Indian Firms List at Fastest Pace Since 2008: ECM Watch
INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
India Public Sector Lenders Surge on Bank Divestment Report
Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
Emerging Market ETFs Rise for 33rd Week in $47.8 Bln Streak
India Cumulative Monsoon Rainfall 37% Above Normal as June 21
Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
Domestic funds buy net 1.38b rupees of stocks
Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
Dish TV (DITY): Approvesup to INR10b rights share issue
Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
State Bank of India (SBI): Approves raisingup to 140b rupees in AT1 Capital
Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Reliance has set a 2035 target to be a carbon-neutral co.
India Extends Transmission-Fee Waiver for Renewable Projects
India Coal Power Giant Nearly Doubles Renewable Energy Target
NTPC board aims to have 60 gigawatts clean power by 2032
Duflo, Rajan Named to Indian State’s Economic Advisory Panel
SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
Indian Firms List at Fastest Pace Since 2008: ECM Watch
INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
India Public Sector Lenders Surge on Bank Divestment Report
Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
Emerging Market ETFs Rise for 33rd Week in $47.8 Bln Streak
India Cumulative Monsoon Rainfall 37% Above Normal as June 21
Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
Domestic funds buy net 1.38b rupees of stocks
Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
Dish TV (DITY): Approvesup to INR10b rights share issue
Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
State Bank of India (SBI): Approves raisingup to 140b rupees in AT1 Capital
*SGX Nifty +31 pts (15780) from last trade 15749*
Nikkei +606 pts,
Hangseng +86 pts,
Now @6.58am.
Dow +586.89 pts ,Nsdq +111.10 pts, S&P +58.34 pts, , Bovespa +859 pts , Ftse +44 pts , Dax +155 pts , Cac +33 pts , Crude @ $73.44 brl (-0.22), Brent @ $74.90 brl (+0.00) , Gold @ 1784.30 (+1.40), Silver @ $26.01 (-0.01), Euro @ $1.1915, JPY @ $110.36, INR @ 74.135
*Today's Corporate Action*
*22nd Jun Ex Date*
AARTIIND
Bonus issue 1:1
BEPL
Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*22-Jun-21*
ABHIJIT
Audited Results
ADIEXRE
Audited Results
ALSTONE
Audited Results
AMDIND
Audited Results
ANERI
Audited Results
ASHAPURMIN
Audited Results
ASTERDM
Audited Results
AVAILFC
Audited Results
AVANTI
Final Dividend;Audited Results
BALFC
Final Dividend;Audited Results
BEL
Final Dividend;Audited Results
BLKASHYAP
Audited Results
BLOOM
Quarterly Results;Audited Results
BOMOXY-B1
Quarterly Results;A.G.M.;Final Dividend;Audited Results
CENTRUM
Dividend;Final Dividend; Audited Results;General
COLORCHIPS
Audited Results
CONCRETE
Audited Results
DANUBE
Audited Results
DCMFINSERV
Quarterly Results;Audited Results
DONEAR
Final Dividend;Audited Results
ELLORATRAD
General;Quarterly Results;Audited Results
EUROTEXIND
Audited Results
GANDHITUBE
Dividend;Buy Back of Shares;Audited Results
GARMNTMNTR
Audited Results
GAYATRI
Audited Results
GEPIL
Dividend;Audited Results
GOLCA
General
HARISH
General
HVL
Quarterly Results;Audited Results;General
INDOTECH
Audited Results
INDRANIB
Audited Results;General
INDTONER
Quarterly Results; Dividend
INTELLADV
Quarterly Results
INTELLCAP
Audited Results
ITI
Audited Results
JHS
Audited Results
JINDWORLD
Final Dividend;Audited Results
JLL
Dividend;Audited Results
JOYREALTY
Quarterly Results
JPINFRATEC
Audited Results
KDLL
Audited Results
KDML
Audited Results;General
KILITCH
Audited Results
KIMIABL
Audited Results
KIRANSY-B
Audited Results
KJMCCORP
Quarterly Results;Audited Results;General
LEADFIN
Audited Results
MACPLASQ
Audited Results
MAXINDIA
Audited Results
MMWL
Audited Results;General
NMDC
Audited Results
OMAXAUTO
Audited Results;General
OMEGAIN
Audited Results
PENINLAND
Audited Results
PICTUREHS
Audited Results
PNBGILTS
Final Dividend;Audited Results
PRIMEU
Audited Results
PROFINC
Audited Results
PROZONINTU
Audited Results
PVP
Audited Results
RAUNAQEPC
Audited Results
RELIGARE
Audited Results
RESTILE
Quarterly Results; Audited Results
SASTASUNDR
Audited Results
SCHABLON
Audited Results
SCHAND
Audited Results
SCPL
Half Yearly Results; Audited Results
SHAMROIN
Audited Results
SHRMFGC
Audited Results
SOBHA
Quarterly Results;Final Dividend;Audited Results
SOUTHMG
Audited Results;General
SPACEAGE
Audited Results
SPECMKT
Audited Results
SRDL
Audited Results
STEPHANOTIS
Quarterly Results;Audited Results;General
SUPREMEX
Audited Results
TRIVENIGQ
Quarterly Results
VASWANI
Audited Results
VBIND
Audited Results
VGCL
Audited Results
VISVEN
Right Issue of Equity Shares;General
WEIZFIN
Quarterly Results;Audited Results
ZHINDHSG
Quarterly Results
ZPRBHSTE
Quarterly Results;Audited Results;General
*Stock under F&O ban on NSE*
*22-Jun-21*
1IDEA
2SUNTV
Nikkei +606 pts,
Hangseng +86 pts,
Now @6.58am.
Dow +586.89 pts ,Nsdq +111.10 pts, S&P +58.34 pts, , Bovespa +859 pts , Ftse +44 pts , Dax +155 pts , Cac +33 pts , Crude @ $73.44 brl (-0.22), Brent @ $74.90 brl (+0.00) , Gold @ 1784.30 (+1.40), Silver @ $26.01 (-0.01), Euro @ $1.1915, JPY @ $110.36, INR @ 74.135
*Today's Corporate Action*
*22nd Jun Ex Date*
AARTIIND
Bonus issue 1:1
BEPL
Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*22-Jun-21*
ABHIJIT
Audited Results
ADIEXRE
Audited Results
ALSTONE
Audited Results
AMDIND
Audited Results
ANERI
Audited Results
ASHAPURMIN
Audited Results
ASTERDM
Audited Results
AVAILFC
Audited Results
AVANTI
Final Dividend;Audited Results
BALFC
Final Dividend;Audited Results
BEL
Final Dividend;Audited Results
BLKASHYAP
Audited Results
BLOOM
Quarterly Results;Audited Results
BOMOXY-B1
Quarterly Results;A.G.M.;Final Dividend;Audited Results
CENTRUM
Dividend;Final Dividend; Audited Results;General
COLORCHIPS
Audited Results
CONCRETE
Audited Results
DANUBE
Audited Results
DCMFINSERV
Quarterly Results;Audited Results
DONEAR
Final Dividend;Audited Results
ELLORATRAD
General;Quarterly Results;Audited Results
EUROTEXIND
Audited Results
GANDHITUBE
Dividend;Buy Back of Shares;Audited Results
GARMNTMNTR
Audited Results
GAYATRI
Audited Results
GEPIL
Dividend;Audited Results
GOLCA
General
HARISH
General
HVL
Quarterly Results;Audited Results;General
INDOTECH
Audited Results
INDRANIB
Audited Results;General
INDTONER
Quarterly Results; Dividend
INTELLADV
Quarterly Results
INTELLCAP
Audited Results
ITI
Audited Results
JHS
Audited Results
JINDWORLD
Final Dividend;Audited Results
JLL
Dividend;Audited Results
JOYREALTY
Quarterly Results
JPINFRATEC
Audited Results
KDLL
Audited Results
KDML
Audited Results;General
KILITCH
Audited Results
KIMIABL
Audited Results
KIRANSY-B
Audited Results
KJMCCORP
Quarterly Results;Audited Results;General
LEADFIN
Audited Results
MACPLASQ
Audited Results
MAXINDIA
Audited Results
MMWL
Audited Results;General
NMDC
Audited Results
OMAXAUTO
Audited Results;General
OMEGAIN
Audited Results
PENINLAND
Audited Results
PICTUREHS
Audited Results
PNBGILTS
Final Dividend;Audited Results
PRIMEU
Audited Results
PROFINC
Audited Results
PROZONINTU
Audited Results
PVP
Audited Results
RAUNAQEPC
Audited Results
RELIGARE
Audited Results
RESTILE
Quarterly Results; Audited Results
SASTASUNDR
Audited Results
SCHABLON
Audited Results
SCHAND
Audited Results
SCPL
Half Yearly Results; Audited Results
SHAMROIN
Audited Results
SHRMFGC
Audited Results
SOBHA
Quarterly Results;Final Dividend;Audited Results
SOUTHMG
Audited Results;General
SPACEAGE
Audited Results
SPECMKT
Audited Results
SRDL
Audited Results
STEPHANOTIS
Quarterly Results;Audited Results;General
SUPREMEX
Audited Results
TRIVENIGQ
Quarterly Results
VASWANI
Audited Results
VBIND
Audited Results
VGCL
Audited Results
VISVEN
Right Issue of Equity Shares;General
WEIZFIN
Quarterly Results;Audited Results
ZHINDHSG
Quarterly Results
ZPRBHSTE
Quarterly Results;Audited Results;General
*Stock under F&O ban on NSE*
*22-Jun-21*
1IDEA
2SUNTV
GM jsk stock in news bel,NMDC,mmforg,ubl,spapparel,iti,pfizer,ntpc,BEML,neclife,DishTV,tcns,brigade,Shobha,zotahealth. Nifty range 15575-15850.
World Markets
Dow + 587
Nasdaq + 111
Dax + 155
Nikkei + 630
Hangseng + 5
Sgxnifty + 38 (15787)
Brent Crude 75
Dow Fut + 12
Dollar Index 91.96
Dow + 587
Nasdaq + 111
Dax + 155
Nikkei + 630
Hangseng + 5
Sgxnifty + 38 (15787)
Brent Crude 75
Dow Fut + 12
Dollar Index 91.96
Stocks To Watch
Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G networks solutions for India. Tata Group has developed a O-RAN based Radio and NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting January 2022. Airtel will pilot
and deploy the indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the government.
State Bank of India: Approved raising up to Rs 14,000 crore in Additional Tier 1 Capital. The Central Board of the bank approved raising the funds through issue of Basel III-compliant debt instrument in USD and/or Indian rupees during FY22. Fund raise subject to Government of India concurrence.
Dish TV India: Approved fund raising of up to Rs 1000 crore through rights issue of equity shares. The company plans to issue rights shares at Rs 10 each.
PNB Housing Finance: The Securities Appellate Tribunal has allowed PNB Housing Finance to move ahead with its scheduled EGM on June 22. The company can put to vote the resolution to raise capital via preferential allotment but can’t declare the results, SAT said. On May 31, PNB Housing Finance had announced a preferential issue of shares to a group of investors led by Pluto Investments - an entity connected to private equity firm Carlyle Group.
Indian Bank: Authorised opening of QIP from June 21. The floor price set at Rs 142.15 per share is at a discount of 2.30% to Monday 's closing price.
Brigade Enterprises: Authorised opening of QIP from June 21. The floor price set at Rs 276.50 per share is at a discount of 0.84% to Monday’s closing price. Committee of Directors to meet on June 25 to approve the issue price.
BL Kashyap and Sons: Secured new orders from domestic unrelated clients aggregating to Rs 369.17 crore. The company’s total order inflow during FY22 stands at Rs 504.17 crore.
Delta Corp: The casinos operated by the company and its subsidiaries in Goa and Sikkim will remain closed till June 28 as the states have extended the
lockdowns due to surge in Covid-19 cases.
KPIT Technologies: To acquire a controlling stake in PathPartner Technology. The company will acquire 60% stake for Rs 89 crore and the balance stake is proposed to be acquired over a period of 2 years against defined growth targets. The company will pay around Rs 191 crore for the 100% stake. The deal is expected to be completed in the second quarter of FY22.
Craftsman Automation: Dissolved Craftsman Automation Singapore Pte, a wholly owned subsidiary of the company.
PG Electroplast: Approved an incoming investment of Rs 76.6 crore from Baring Private Equity India AIF, Ananta Capital and others. The company will issue equity shares and Compulsorily Convertible Debentures to these investors.
Earnings: NMDC, Religare Enterprises, Ashapura Minechem, Aster DM Healthcare, Avanti Feeds, Bharat Electronics, GE Power India, ITI, Jindal Worldwide, Jaypee Infratech, Media Matrix Worldwide, PNB Gilts, Prozone Intu Properties, Sastasundar Ventures, Sobha
Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G networks solutions for India. Tata Group has developed a O-RAN based Radio and NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting January 2022. Airtel will pilot
and deploy the indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the government.
State Bank of India: Approved raising up to Rs 14,000 crore in Additional Tier 1 Capital. The Central Board of the bank approved raising the funds through issue of Basel III-compliant debt instrument in USD and/or Indian rupees during FY22. Fund raise subject to Government of India concurrence.
Dish TV India: Approved fund raising of up to Rs 1000 crore through rights issue of equity shares. The company plans to issue rights shares at Rs 10 each.
PNB Housing Finance: The Securities Appellate Tribunal has allowed PNB Housing Finance to move ahead with its scheduled EGM on June 22. The company can put to vote the resolution to raise capital via preferential allotment but can’t declare the results, SAT said. On May 31, PNB Housing Finance had announced a preferential issue of shares to a group of investors led by Pluto Investments - an entity connected to private equity firm Carlyle Group.
Indian Bank: Authorised opening of QIP from June 21. The floor price set at Rs 142.15 per share is at a discount of 2.30% to Monday 's closing price.
Brigade Enterprises: Authorised opening of QIP from June 21. The floor price set at Rs 276.50 per share is at a discount of 0.84% to Monday’s closing price. Committee of Directors to meet on June 25 to approve the issue price.
BL Kashyap and Sons: Secured new orders from domestic unrelated clients aggregating to Rs 369.17 crore. The company’s total order inflow during FY22 stands at Rs 504.17 crore.
Delta Corp: The casinos operated by the company and its subsidiaries in Goa and Sikkim will remain closed till June 28 as the states have extended the
lockdowns due to surge in Covid-19 cases.
KPIT Technologies: To acquire a controlling stake in PathPartner Technology. The company will acquire 60% stake for Rs 89 crore and the balance stake is proposed to be acquired over a period of 2 years against defined growth targets. The company will pay around Rs 191 crore for the 100% stake. The deal is expected to be completed in the second quarter of FY22.
Craftsman Automation: Dissolved Craftsman Automation Singapore Pte, a wholly owned subsidiary of the company.
PG Electroplast: Approved an incoming investment of Rs 76.6 crore from Baring Private Equity India AIF, Ananta Capital and others. The company will issue equity shares and Compulsorily Convertible Debentures to these investors.
Earnings: NMDC, Religare Enterprises, Ashapura Minechem, Aster DM Healthcare, Avanti Feeds, Bharat Electronics, GE Power India, ITI, Jindal Worldwide, Jaypee Infratech, Media Matrix Worldwide, PNB Gilts, Prozone Intu Properties, Sastasundar Ventures, Sobha
Pledge Share Details
JSW Steel: Promoters (Siddeshwari Tradex and Urmila Bhuwalka) created a pledge of 1.41 crore shares between March 30 and June 17.
JSW Energy: Promoters (Indusglobe Multiventures and JSW Investments) revoked pledge of 1.54 crore shares between June 17-18.
DB Corp: Promoter DB Consolidated revoked pledge of 25 lakh shares on June 21.
JSW Steel: Promoters (Siddeshwari Tradex and Urmila Bhuwalka) created a pledge of 1.41 crore shares between March 30 and June 17.
JSW Energy: Promoters (Indusglobe Multiventures and JSW Investments) revoked pledge of 1.54 crore shares between June 17-18.
DB Corp: Promoter DB Consolidated revoked pledge of 25 lakh shares on June 21.
Insider Trades
Adani Ports and Special Economic Zone: Promoter Worldwide Emerging Market Holding bought 16.39 lakh shares on June 18.
Adani Green Energy: Promoter Infinite Trade and Investment bought 6 lakh shares on June 18.
Asian Granito India: Promoters (Dipakbhai Patel HUF, Ushaben Patel, Danjibhai Patel) sold 62,488 shares on June 18.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,773 shares between June 15-18.
Globus Spirits: Promoter Shekhar Swarup bought 17,900 shares on June 18.
JK Cement: Promoter Ramapati Singhania sold 3,873 shares between June 16-18
Panama Petrochem: Promoter Panama Builders Developers bought 34,411 shares between June 17-18.
Adani Ports and Special Economic Zone: Promoter Worldwide Emerging Market Holding bought 16.39 lakh shares on June 18.
Adani Green Energy: Promoter Infinite Trade and Investment bought 6 lakh shares on June 18.
Asian Granito India: Promoters (Dipakbhai Patel HUF, Ushaben Patel, Danjibhai Patel) sold 62,488 shares on June 18.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,773 shares between June 15-18.
Globus Spirits: Promoter Shekhar Swarup bought 17,900 shares on June 18.
JK Cement: Promoter Ramapati Singhania sold 3,873 shares between June 16-18
Panama Petrochem: Promoter Panama Builders Developers bought 34,411 shares between June 17-18.
Trading Tweaks
Ex-Date AGM: MPS, IIFL Securities, IIFL Finance
Ex-Date Dividend: Bhansali Engineering Polymers
Ex-Date Bonus Issue: Aarti Industries
Record Date Interim Dividend: Info Edge (India)
Record Date AGM: Angel Broking
Price Band Revised From 20% To 10%: BF Utilities, Patel Engineering, Somany Ceramics
Move Out Of Short-Term ASM Framework: RPSG Ventures, Cerebra Integrated Technologies, Network18 Media & Investments, Uniphos Enterprises, Gokaldas Exports
Move Into ASM Framework: Datamatics Global Services, Somany Ceramics
Ex-Date AGM: MPS, IIFL Securities, IIFL Finance
Ex-Date Dividend: Bhansali Engineering Polymers
Ex-Date Bonus Issue: Aarti Industries
Record Date Interim Dividend: Info Edge (India)
Record Date AGM: Angel Broking
Price Band Revised From 20% To 10%: BF Utilities, Patel Engineering, Somany Ceramics
Move Out Of Short-Term ASM Framework: RPSG Ventures, Cerebra Integrated Technologies, Network18 Media & Investments, Uniphos Enterprises, Gokaldas Exports
Move Into ASM Framework: Datamatics Global Services, Somany Ceramics
Who’s Meeting Whom
Tata Consumer Products: To meet Goldman Sachs India Securities on June 22.
Eicher Motors: To meet Amansa Capital Pte and Fidelity Management and Research Inc on June 22, and ICICI Prudential Life Insurance Co. on June 24.
Rossari Biotech: To meet First State Investments and Anand Rathi Securities on June 22, and Enam AMC on June 24.
The Phoenix Mills: To meet TT International on June 22 and Motilal Oswal AMC on June 24.
Blue Star: To meet IDFC Mutual Fund on June 22.
Multi Commodity Exchange of India: To meet Spark Capital Advisors on June 22,
PineBridge Investments on June 23, and Kayne Anderson Rudnick Investment Management on June 24.
Sudarshan Chemical Industries: To meet Enam AMC and Vallum Capital on June 22.
Anupam Rasayan India: To meet Motilal Oswal Financial Services on June 22 and Mirae Asset MF on June 23.
Tata Consumer Products: To meet Goldman Sachs India Securities on June 22.
Eicher Motors: To meet Amansa Capital Pte and Fidelity Management and Research Inc on June 22, and ICICI Prudential Life Insurance Co. on June 24.
Rossari Biotech: To meet First State Investments and Anand Rathi Securities on June 22, and Enam AMC on June 24.
The Phoenix Mills: To meet TT International on June 22 and Motilal Oswal AMC on June 24.
Blue Star: To meet IDFC Mutual Fund on June 22.
Multi Commodity Exchange of India: To meet Spark Capital Advisors on June 22,
PineBridge Investments on June 23, and Kayne Anderson Rudnick Investment Management on June 24.
Sudarshan Chemical Industries: To meet Enam AMC and Vallum Capital on June 22.
Anupam Rasayan India: To meet Motilal Oswal Financial Services on June 22 and Mirae Asset MF on June 23.
Money Market Update
The rupee ended at 74.1 against the U.S. Dollar on Monday as compared to Friday's closing of 73.87.
The rupee ended at 74.1 against the U.S. Dollar on Monday as compared to Friday's closing of 73.87.