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.

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

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.

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.

Stocks Ban In F&O:

Idea,
Sun TV

#adanient #adanidefence

#AdaniEnterprises bagged contracts
for over INR 3,500 crore from #Indian
#Armed #Forces.
Acqrd a contlg stake in PLR Systems, India’s 1st&only pvt sector co possessing small arms mfg capabilities.
-awrded 1st ever DcPP prgm 4LR Guided Bombs for the IAF.

*Good Morning & Welcome to Tuesday’s trading action at Dalal Street dated 22nd of June 2021.*

Overnight at Wall Street, all the broader indexes roared ahead despite no new major developments over the weekend.

Taking backseat are negative catalysts that were triggered by the Federal Reserve that it could boost interest rates and begin tapering asset purchases sooner than expected.
Live

The best part of this bullish market is that investors are not reacting to any terrible news in any negative manner for more than one day.

*7 AM GLOBAL UPDATE*

• SGX Nifty (+65, 15791)
• DOW (+586, 33877)
• NASDAQ (+111, 14141)
• BRAZIL BOVESPA (+860, 129265)
• Nikkei (+545, 28556)
• HANG SENG (+86, 28575)

*OUTLOOK & INSIGHTS:*

• Global: Positive.
• FII: Negative (-1244.71 Cr)
• DII: Positive (+138.09 Cr)
• F&O: 15500-16200 zone
• Trend: Up
• Sentiment: Positive
• Technicals: Overbought
• Theme: Nifty 16000.


*All ABOUT NIFTY & BANK NIFTY*

*NIFTY (CMP 15746):*

• SUPPORT: 15697/15459
• RESISTANCE: 15907/16101
• RANGE: 15691-15907
• BIAS: Positive.


*BANK NIFTY (CMP 34871):*

• SUPPORT: 33769/32511
• RESISTANCE: 35811/37709
• RANGE: 34251-36251
• BIAS: Positive.


*THEME OF THE DAY:*

• Energy (+4.3%) was the clear leader in overnight trade at Wall Street, fueled by a 2.8% surge in U.S. crude oil futures, to $73.66 per barrel. The talk on the street is that oil could hit $100 per barrel in 2022.

• All eyes on Nifty 16000 mark.

• *Preferred trade on Nifty (15747):* Buy between 15650-15700 zone. Targets at 15901/16001 and then at 16251 mark with strict stop at 15497.

• *Preferred trade on Bank Nifty (34871):* Buy at CMP. Targets at 35811 and then aggressive targets at 37709 mark with stop at 33731.

• Our *chart of the day* is bullish on stocks like VEDANTA, TATA STEEL and GRASIM.

• *SHOW ME THE MONEY:* Momentum Call: Buy TATA STEEL JUNE Futures for 0-3 days at CMP 1107 for an objective of 1171. Stop 1067. Alert: Rebound Play.

• *Q4 earnings to trickle in today:* NMDC, RELIGARE, AVANTI FEEDS, BEL.



*Disclaimer:* Our subscribers/clients may have positions in the stocks recommended in this note. Please note that the actual subscribers may receive additional information in real time not available to the viewers of this note. This does not construe to be an investment advice. Stock market investments are subject to market risks. No content on this blog should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. While we may talk about strategies or positions in the market, our intent is solely to showcase effective risk-management in dealing with financial instruments. This is purely an information service and any trading done on the basis of this information is at your own, sole risk.

*CALCULUS DERIVATIVES CORNER*

8 AM.

*Market Summary:*

• Nifty June Futures ended Monday’s session at a premium of +02 vs premium of +45 in its previous trading session.

• The 24th June expiry Put-Call Open Interest Ratio was at 1.09 for Nifty whereas it was 1.09 for Bank Nifty.

• The 24th June expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 0.95 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 16000 Strike Price, followed by 15800 Strike Price for 24th June Series. Long buildup was seen at strike prices 15400-15600.

• Maximum Put Open Interest (OI) was seen at strike price 15000 followed by 15500 strike prices for 24th June series. Short buildup was seen at strike prices 15300-15900.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 32000 Strike Price.

• As per Monday’s Provisional Data available on the NSE, FIIs sold shares worth Rs. 1244.71 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 138.09 crores in the Indian Equity market.


• Long Buildup: SAIL, SBIN, NMDC, TATASTEEL.

• Short Buildup: TATAMOTORS, UPL, JUBLFOOD.

• Short Covering: FEDERALBANK, JSWSTEEL, AMBUJACEM, DLF.

• Long Unwinding: TCS, L&T, GODREJCP, VOLTAS.


• Stocks banned in F&O segment: IDEA, SUNTV.

• New in Ban: IDEA.

• Out of Ban: ADANIPORTS, BHEL, PNB.

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/

Stocks in News

Jaiprakash Associates: The company reported lower consolidated profit at Rs 424.41 crore in Q4FY21 against Rs 3,068.10 crore in Q4FY20, revenue rose to Rs 2,517.2 crore from Rs 1,876.03 crore YoY.

PG Electroplast: The company approved Rs 76.6 crore incoming investment from Baring Private Equity India, Ananta Capital and others.

State Bank of India: The Central Board of the bank accorded approval for raising fresh Additional Tier 1 (AT 1 ) capital up to an amount of Rs 14,000 crore subject to Government of India concurrence.

VST Tillers Tractors: The company reported profit at Rs 12.93 crore in Q4FY21 against loss of Rs 3.38 crore in Q4FY20, revenue rose to Rs 194.74 crore from Rs 119.80 crore YoY.

Dish TV India: The board approved the raising of funds up to Rs 1,000 crore through rights issue, at a price of Rs 10.

KPIT Technologies: The company signed a definitive agreement to acquire a controlling stake in PathPartner Technology.

*SERNET Midnight News Update – Jun 22nd 2021*

IIFL Home Finance proposes to raise a sum of Rs.5,000 crore to give a leg up to its lending business. The fund raising will be done through the issue of NCDs. The draft prospectus for the bond issue has already been filed with the exchanges. The face value of each NCD will be Rs.1,000 and the amount is likely to spread over a number of tranches. The company has a comfortable CRAR Tier-1 capital ratio of 19.6%. The focus of the company is to provide home loans to first-time home buyers in lower income segments.

The central board of SBI approved the raising of Rs.14,000 crore through the issue of Basel-III compliant bonds, likely to be denominated either in INR or USD. This pertains to the fiscal year FY22. This will help to further spruce up the Tier-1 capital of SBI. Many rating agencies in the recent past have raised some concerns over the potential stress in the balance sheet of banks due to deteriorating asset quality and its impact on performance and profitability. SBI had reported smart top line and bottom line growth in Q4.

Securities Appellate Tribunal or SAT has allowed PNB Housing to go ahead with its scheduled EGM on Tuesday. While PNB Housing can go ahead with its voting on the Rs.4,000 crore capital infusion by Carlyle, the court has instructed PNB Housing not to disclose the voting result on the resolution until further directions. Even NSDL must keep the voting pattern confidential. The matter comes up for hearing on 05 July when the SAT will announce its decision on the need for a valuation report by a registered valuer.

According to a report by Goldman Sachs, Reliance Industries had the potential to show 10X growth in pre-tax profits from the retail business in the coming decade. Goldman was emphatic that retail, driven by ecommerce, would be the big growth engine for RIL in the coming years. Goldman sees a 6-fold increase in the penetration of organized retail by FY30 with 15% market share gain for RIL. Goldman estimates RIL to have 50% share of online grocery by FY25, translating into GMV of $35 billion. EBITDA could grow 10X.

Maruti Suzuki will hike prices of its cars in the second quarter of the current fiscal to compensate for the sharp spike in input costs. The sharp spike in metals and alloys and most auto related inputs, including chips, has resulted in a sharp spike in cost of production. However, Maruti has been silent about the actual quantum of price hike. Maruti is India’s largest passenger car franchise and sells a range of models ranging from the entry-level hatchback Alto to S-CROSS with a price spectrum ranging from Rs.3 lakh to Rs.13 lakh.

Centrum rallied 16% to Rs.58.50 after Centrum Financial Services received an in-principle approval from RBI to set up a Small Finance Bank or SFB. This is a pre-condition for Centrum to take over the operations of PMC Bank. One of the major investors in Centrum Capital is former Standard Chartered Bank India head, Jaspreet Bindra. Centrum Financial, along with Bharat Pe, will infuse Rs.1,800 crore into the SFB to start operations. This deal will bring much needed relief to the beleaguered deposit holders of PMC Bank.

Shares of Bandhan Bank continued its rally and surged another 7% to Rs 338 after the Assam government signed an agreement with MFIs to regularise stressed borrowers and repay entire loans of highly stressed borrowers. The Assam government will also incentivize prompt repayments with incentives. This package will cost the Assam government Rs.8.250 crore. This is likely to be a big positive for Bandhan Bank, which has its biggest MFI network in the states of Assam and West Bengal. This will also protect asset quality.

Monday was a bullish day for Adani stocks after the sharp correction last week. Adani Ports rallied 7% while Adani Total Gas, Adani Power and Adani Transmission hit 5% upper circuit. The incubation company, Adani Enterprises, was up 6% on Monday.

The markets took some comfort from a promoter group company infusing Rs.1,100 crore into buying stakes in the companies. Last week saw Adani group shares losing $13 billion in value after NSDL froze demat accounts of key FPIs with large exposure to Adani group.

Moneycontrol.com: Don't invest in the US, Indian market in a long bull run: Rakesh Jhunjhunwala.
https://www.moneycontrol.com/news/business/markets/dont-invest-in-the-us-indian-market-in-a-long-bull-run-rakesh-jhunjhunwala-7063961.html

*Shyam Metalic ipo*
Allotment : 21/06/21
Listing : 24/06/21
GMP :129-132

*Dodla Dairy ipo*
Allotment : 23/06/21
Listing : 28/06/21
GMP : 88-92

*Krishna Hospital ipo*
Allotment : 23/06/21
Listing : 28/06/21
GMP : 22-25

*Sona Comstar ipo*
Allotment : 21/06/21
Listing : 24/06/21
GMP : 3-4

*INDIA PESTICIDES*
Listing : 5/7/21
GMP : 88-92

*FIIS FIGS FOR: 21.06.2021*
(-)478 INDEX FUTS
(-)1734 INDEX OPT
(+)74 STOCK FUTS
(+)451 STOCK OPT

*NET FIIS FNO FIGS*
(+)1781

*PROVISIONAL CASH FIGS*
(-)1245 FIIS
(+)138 DIIS

*INDEX TODAY*
BSE +230 (52574)
NSE +63 (15747)

Ashika Result Highlights

Info Edge (India) Ltd.: Net Revenue at Rs. 296.5 crore, Rs. 327.6 crore YoY, Rs. 277.6 crore QoQ (-9.5% YoY, +6.8% QoQ). EBITDA at Rs. 52.1 crore, Rs. 91.6 crore YoY, Rs. 67.2 crore QoQ (-43.1% YoY, -22.5% QoQ). EBITDA Margin at 17.6%, -1040 bps YoY and -663 bps QoQ. Net Profit at Rs. 308.1 crore, Rs. 119.1 crore YoY, Rs. 679.0 crore QoQ (+158.7% YoY, -54.6% QoQ).

Oil India Ltd.: Net Revenue at Rs. 6504.9 crore, Rs. 4540.4 crore YoY, Rs. 6330.0 crore QoQ (+43.3% YoY, +2.8% QoQ). EBITDA at Rs. 1886.9 crore, Rs. -12.7 crore YoY, Rs. 1160.8 crore QoQ. EBITDA Margin at 29%, +2929 bps YoY and +1067 bps QoQ. Net Profit at Rs. 1142.4 crore, Rs. 1729.4 crore YoY, Rs. 1567.9 crore QoQ (-33.9% YoY, -27.1% QoQ). Ashika

Bharat Dynamics Ltd.: Net Revenue at Rs. 1136.9 crore, Rs. 1439.4 crore YoY, Rs. 459.3 crore QoQ (-21% YoY, +147.5% QoQ). EBITDA at Rs. 344.3 crore, Rs. 414.1 crore YoY, Rs. 39.7 crore QoQ (-16.8% YoY, +766.5% QoQ). EBITDA Margin at 30.3%, +152 bps YoY and +2164 bps QoQ. Net Profit at Rs. 260.4 crore, Rs. 309.7 crore YoY, Rs. 49.2 crore QoQ (-15.9% YoY, +429.3% QoQ).

TCNS Clothing Co Ltd.: Net Revenue at Rs. 221.1 crore, Rs. 219.2 crore YoY, Rs. 237.9 crore QoQ (+0.9% YoY, -7.1% QoQ). EBITDA at Rs. 22.9 crore, Rs. -4.8 crore YoY, Rs. 38.5 crore QoQ. EBITDA Margin at 10.4%, +1257 bps YoY and +-579 bps QoQ. Net Profit at Rs. 3.9 crore, Rs. -23.8 crore YoY, Rs. 12.7 crore QoQ.

Jaiprakash Associates Ltd.: Net Revenue at Rs. 2517.2 crore, Rs. 1876.0 crore YoY, Rs. 1440.4 crore QoQ (+34.2% YoY, +74.8% QoQ). EBITDA at Rs. 691.6 crore, Rs. 123.0 crore YoY, Rs. 74.2 crore QoQ (+462.2% YoY, +831.8% QoQ). EBITDA Margin at 27.5%, +2092 bps YoY and +2232 bps QoQ. Net Profit at Rs. 424.4 crore, Rs. 3068.3 crore YoY, Rs. -302.1 crore QoQ. Ashika

MM Forgings Ltd.: Net Revenue at Rs. 285.8 crore, Rs. 168.5 crore YoY, Rs. 222.9 crore QoQ (+69.6% YoY, +28.2% QoQ). EBITDA at Rs. 56.5 crore, Rs. 33.2 crore YoY, Rs. 39.9 crore QoQ (+70% YoY, +41.5% QoQ). EBITDA Margin at 19.8%, +4 bps YoY and +185 bps QoQ. Net Profit at Rs. 30.1 crore, Rs. 6.5 crore YoY, Rs. 15.3 crore QoQ (+360.9% YoY, +96.5% QoQ).

HBL Power Systems Ltd.: Net Revenue at Rs. 299.8 crore, Rs. 262.8 crore YoY, Rs. 233.2 crore QoQ (+14.1% YoY, +28.5% QoQ). EBITDA at Rs. 24.4 crore, Rs. 22.3 crore YoY, Rs. 20.6 crore QoQ (+9.3% YoY, +18.4% QoQ). EBITDA Margin at 8.1%, -36 bps YoY and -69 bps QoQ. Net Profit at Rs. 10.2 crore, Rs. 9.3 crore YoY, Rs. 8.2 crore QoQ (+8.7% YoY, +24.1% QoQ). Ashika

Japan’s Nikkei 225 jumps nearly 2.3% as Asia-Pacific stocks rise following overnight Dow bounce
https://www.cnbc.com/2021/06/22/asia-markets-dow-jones-industrial-average-bounce-currencies-oil.html

Crude Oil Trades at Fresh Multi-Year Peaks
Crude oil prices were little changed in early APAC trade Tuesday, following gains of nearly 2% in the previous session that saw prices hitting fresh multi-year highs, with investors digesting prospects of a robust demand as economies reopen and travel accelerates in the US, Europe and China. Meanwhile, traders also await the outcome of Iran nuclear talks on June 10th. The deal could lead to an increase Iran's crude production of 500,000 barrels, however, analysts don't expect an agreement before the Iranian presidential election next week. Meanwhile, OPEC+ expects oil inventories to fall further in the coming months, OPEC's secretary general said on Monday. Last week, OPEC+ agreed to gradually ease supply curbs through July. On Monday, Brent crude gained $1.39, or 1.9% to settle at $74.90 a barrel, the highest since April 2019. WTI crude for July gained $2.02, or 2.8%, to end at $73.66, the highest since October 2018.