* TPG-Backed Online Pharmacy Said to Seek Fund at $4 Billion Value
* API Holdings is considering raising about $300 million
* Suraksha ARC Wins Bid Jaypee Infratech By A Small Margin: BQ
* BRICS Q3 CPI Forecast Steady; South Africa Up to 4.4%
* BRICS 2Q GDP Forecast Declines in Past Week
* Should Biden’s Democracy Alliance Include India?: Pankaj Mishra
* Global Funds Buy Net INR31.6B of India Stocks on Wednesday: NSE
* Domestic funds buy net 13.2b rupees of stocks
* Foreign Investors Sell Net INR6.8B of Indian Equities on June 22
* Foreigners Buy Net INR38.5B Indian Equity Derivatives Wednesday
MEDIA REPORTS:
* Govt eases norms for voice BPOs to make India global outsourcing hub: PTI
* Moody’s cuts India’s growth forecast to 9.6% for 2021: ToI
* UK high court rejects Nirav Modi’s appeal against extradition to India: HIN
GOVERNMENT (All times India Time):
* 11am: Prime Minister Narendra Modi will interact with participants of Toycathon-2021 via video conferencing.
* Prime Minister Narendra Modi holds all-party meeting on Jammu and Kashmir
CORPORATE BONDS:
* INDIA SHORT-TERM DEBT: JM Financial Properties, Axis Securities
* Axis Finance Plans to Sell up to INR2.5b Bonds on June 25
* India Grid Trust Plans to Sell Up to INR5b 10Y Bonds on June 25
* Shriram City Union Sells INR1b 10Y Bonds at 9%
* Tata Capital Financial Plans Up to INR1.5b Bond Sale on June 25
CORPORATE EVENTS:
* 8:30am: Sona BLW Precision Forgings hosts virtual listing ceremony of its shares after Initial Public Offering
* 9am: Shyam Metalics & Energy hosts virtual listing ceremony of its shares after IPO
* 11am: Allcargo Logistics hosts confernce call on 4Q FY21 earnings
* 11:30am: CIA host a virtual press meet for the launch and discuss the key findings from the SMB - Mega Survey Report 2021, conducted by CIA
* 12pm: S.P. Apparels hosts conference call to discuss 4Q FY21 results
* 12pm: V2 Retail hosts conference call to discuss 4Q FY21 earnings
* 12:30pm: realme to unveiling the latest smart audio product - realme Buds Q2
* 1pm: ICRA hosts a webinar on Covered Bonds
* 4pm: Techmanch Conference, India’s biggest digital marketing virtual conference on June 24-25
* 4pm: ICRIER hosts an event towards developing an understanding of the battery manufacturing and recycling ecosystem in India
* AGMs: Reliance Industries (2 p.m.); Shriram Transport Finance (2 p.m.); Bank of Maharashtra (11 a.m.), Linde India (10 a.m.),Rallis India (3 p.m.)
OFFERINGS:
* India Pesticides IPO fully subscribed, gets 129% demand on first day of sale, offer closes June 25
* Dodla Dairy shares to start trading after IPO gets 45.6 times demand for shares offered
* KIMS Hospitals shares to start trading after IPO gets 3.9 times demand for shares on sale
* API Holdings is considering raising about $300 million
* Suraksha ARC Wins Bid Jaypee Infratech By A Small Margin: BQ
* BRICS Q3 CPI Forecast Steady; South Africa Up to 4.4%
* BRICS 2Q GDP Forecast Declines in Past Week
* Should Biden’s Democracy Alliance Include India?: Pankaj Mishra
* Global Funds Buy Net INR31.6B of India Stocks on Wednesday: NSE
* Domestic funds buy net 13.2b rupees of stocks
* Foreign Investors Sell Net INR6.8B of Indian Equities on June 22
* Foreigners Buy Net INR38.5B Indian Equity Derivatives Wednesday
MEDIA REPORTS:
* Govt eases norms for voice BPOs to make India global outsourcing hub: PTI
* Moody’s cuts India’s growth forecast to 9.6% for 2021: ToI
* UK high court rejects Nirav Modi’s appeal against extradition to India: HIN
GOVERNMENT (All times India Time):
* 11am: Prime Minister Narendra Modi will interact with participants of Toycathon-2021 via video conferencing.
* Prime Minister Narendra Modi holds all-party meeting on Jammu and Kashmir
CORPORATE BONDS:
* INDIA SHORT-TERM DEBT: JM Financial Properties, Axis Securities
* Axis Finance Plans to Sell up to INR2.5b Bonds on June 25
* India Grid Trust Plans to Sell Up to INR5b 10Y Bonds on June 25
* Shriram City Union Sells INR1b 10Y Bonds at 9%
* Tata Capital Financial Plans Up to INR1.5b Bond Sale on June 25
CORPORATE EVENTS:
* 8:30am: Sona BLW Precision Forgings hosts virtual listing ceremony of its shares after Initial Public Offering
* 9am: Shyam Metalics & Energy hosts virtual listing ceremony of its shares after IPO
* 11am: Allcargo Logistics hosts confernce call on 4Q FY21 earnings
* 11:30am: CIA host a virtual press meet for the launch and discuss the key findings from the SMB - Mega Survey Report 2021, conducted by CIA
* 12pm: S.P. Apparels hosts conference call to discuss 4Q FY21 results
* 12pm: V2 Retail hosts conference call to discuss 4Q FY21 earnings
* 12:30pm: realme to unveiling the latest smart audio product - realme Buds Q2
* 1pm: ICRA hosts a webinar on Covered Bonds
* 4pm: Techmanch Conference, India’s biggest digital marketing virtual conference on June 24-25
* 4pm: ICRIER hosts an event towards developing an understanding of the battery manufacturing and recycling ecosystem in India
* AGMs: Reliance Industries (2 p.m.); Shriram Transport Finance (2 p.m.); Bank of Maharashtra (11 a.m.), Linde India (10 a.m.),Rallis India (3 p.m.)
OFFERINGS:
* India Pesticides IPO fully subscribed, gets 129% demand on first day of sale, offer closes June 25
* Dodla Dairy shares to start trading after IPO gets 45.6 times demand for shares offered
* KIMS Hospitals shares to start trading after IPO gets 3.9 times demand for shares on sale
Macquarie on Sobha
Downgrading to Neutral, TP raised to Rs480 on a lower discount to NAV, lower land payments, & net debt
Highest-ever presales volume in 4Q & robust collections led to further deleveraging
Management targets a net debt/equity of 1.1x by mid-FY23
Downgrading to Neutral, TP raised to Rs480 on a lower discount to NAV, lower land payments, & net debt
Highest-ever presales volume in 4Q & robust collections led to further deleveraging
Management targets a net debt/equity of 1.1x by mid-FY23
Orchid Pharma OFS - MEGA DISCOUNT 👍
Non-retail date - 24 June
Retail bid date - 25 June
Floor Price - 375/-
Today's close - 1,325/-
Discount from previous close : 72%
Base OFS Size : 32,80,115 Shares
Greenshoe Option : NIL
Retail Discount - NIL
Retail Reservation - 10%
Non-retail date - 24 June
Retail bid date - 25 June
Floor Price - 375/-
Today's close - 1,325/-
Discount from previous close : 72%
Base OFS Size : 32,80,115 Shares
Greenshoe Option : NIL
Retail Discount - NIL
Retail Reservation - 10%
*SERNET Midnight News Update – Jun 24th 2021*
Bharat Electronics on Wednesday scaled a 3-year high price of Rs.167 after a reporting a strong set of results. For the Mar-21 quarter, BEL reported 30.7% growth in PAT at Rs.1,352 crore even as the revenues were up by 19% at Rs.6,908 crore in the Mar-21 quarter. The EBITDA margins improved by nearly 300 basis points to 28.5%. As of the close of FY21, BEL had a robust order book position of Rs.53,434 crore, with orders worth Rs.15,800 crore coming in the current fiscal after the government in-sourcing decision.
India attracted FDI inflows of $6.24 billion in the month of Apr-21; 38% higher compared to the Apr-20 month. In 2020, India got nearly $64 billion in the form of fresh FDI. Some of the reform measures like FDI simplification, ease of doing business and Make in India initiatives have been responsible for the sharp inflow of FDI into India. In 2020, the FDI flows were higher by 2&% yoy. Global FDI flows were severely impacted by the COVID pandemic with total global FDI falling from $1.50 trillion to just about $1 trillion.
The Enforcement Directorate or ED transferred partial assets worth Rs.8,441 crore, to state-run banks from shares sold in cases relating to economic offenders like Vijay Mallya, Nirav Modi and Mehul Choksi. Between them, the 3 had defrauded PSU banks to the tune of Rs.22,586 crore. The total transfer of such attached assets came to Rs.9,371 crore, so at least 40% of the dues are recovered. The bigger battle is for the agencies to get offenders extradited to India to face the rule of law here for their economic offences.
The Kalrock Jain consortium has got the nod to operate Jet Airways from the NCLT, which cleared their resolution plan submitted. Jet has been grounded since April 2019 when it ran out of cash. Now the consortium will apply for requisite government approvals for the same. The new owners need to first make key recruitments in engineering, flight safety and operations. They also need to update all their operations manuals and submit to regulatory audit. This brings the insolvency process to a logical end.
SEBI has exempted Heineken International of the Netherlands from making open offer to the shareholders of United Breweries. This exemption specifically pertains to the proposed acquisition of 15% stake. This special exemption is for the shares acquired by Heineken from the Debt Recovery Tribunal towards the dues of Vijay Mallya and his group. Normally, Heineken being the promoter entity of UBL, this action would have triggered an open offer. The exemption was given as a special case to expedite the share sale.
The Rs.9,200 crore share buyback of Infosys will commence from June 25 as scheduled at a buyback price of Rs.1,750 per share. While the Board approval had come on 14-Apr, the regulatory approval only came on 19-Jun. Kotak Mahindra Capital will act as the manager to the buyback. Under the buyback offer, the company will buy back a maximum of 5.257 crore shares comprising nearly 1.23% of the paid-up equity. The buyback will be funded from the free reserves of Infosys taking year capital return to Rs.15,600 crore.
If one goes by the initial reports and the sound bites from the company, it does look like the big news at the RIL AGM on 24 June may be the proposed stake sale in its O2C business. Last year, the company had officially hived off its oil to chemicals business under a separate entity Reliance O2C Ltd. The stake sale talks with Aramco have revived and an announcement to this effect is expected. The launch of the Jio-Google phone is expected to be announced at the 44th AGM. Google and Jio may also look at a new O/S.
The RBI-appointed third party audit of HDFC Bank's IT systems is completed and the final report has been submitted to RBI for final decision. This was confirmed by HDFC Bank CEO, Shashidhar Jagdishan. In Dec-20, RBI banned HDFC Bank from announcing any new digital launches including new credit cards or the Digital 2.0 plan.
Bharat Electronics on Wednesday scaled a 3-year high price of Rs.167 after a reporting a strong set of results. For the Mar-21 quarter, BEL reported 30.7% growth in PAT at Rs.1,352 crore even as the revenues were up by 19% at Rs.6,908 crore in the Mar-21 quarter. The EBITDA margins improved by nearly 300 basis points to 28.5%. As of the close of FY21, BEL had a robust order book position of Rs.53,434 crore, with orders worth Rs.15,800 crore coming in the current fiscal after the government in-sourcing decision.
India attracted FDI inflows of $6.24 billion in the month of Apr-21; 38% higher compared to the Apr-20 month. In 2020, India got nearly $64 billion in the form of fresh FDI. Some of the reform measures like FDI simplification, ease of doing business and Make in India initiatives have been responsible for the sharp inflow of FDI into India. In 2020, the FDI flows were higher by 2&% yoy. Global FDI flows were severely impacted by the COVID pandemic with total global FDI falling from $1.50 trillion to just about $1 trillion.
The Enforcement Directorate or ED transferred partial assets worth Rs.8,441 crore, to state-run banks from shares sold in cases relating to economic offenders like Vijay Mallya, Nirav Modi and Mehul Choksi. Between them, the 3 had defrauded PSU banks to the tune of Rs.22,586 crore. The total transfer of such attached assets came to Rs.9,371 crore, so at least 40% of the dues are recovered. The bigger battle is for the agencies to get offenders extradited to India to face the rule of law here for their economic offences.
The Kalrock Jain consortium has got the nod to operate Jet Airways from the NCLT, which cleared their resolution plan submitted. Jet has been grounded since April 2019 when it ran out of cash. Now the consortium will apply for requisite government approvals for the same. The new owners need to first make key recruitments in engineering, flight safety and operations. They also need to update all their operations manuals and submit to regulatory audit. This brings the insolvency process to a logical end.
SEBI has exempted Heineken International of the Netherlands from making open offer to the shareholders of United Breweries. This exemption specifically pertains to the proposed acquisition of 15% stake. This special exemption is for the shares acquired by Heineken from the Debt Recovery Tribunal towards the dues of Vijay Mallya and his group. Normally, Heineken being the promoter entity of UBL, this action would have triggered an open offer. The exemption was given as a special case to expedite the share sale.
The Rs.9,200 crore share buyback of Infosys will commence from June 25 as scheduled at a buyback price of Rs.1,750 per share. While the Board approval had come on 14-Apr, the regulatory approval only came on 19-Jun. Kotak Mahindra Capital will act as the manager to the buyback. Under the buyback offer, the company will buy back a maximum of 5.257 crore shares comprising nearly 1.23% of the paid-up equity. The buyback will be funded from the free reserves of Infosys taking year capital return to Rs.15,600 crore.
If one goes by the initial reports and the sound bites from the company, it does look like the big news at the RIL AGM on 24 June may be the proposed stake sale in its O2C business. Last year, the company had officially hived off its oil to chemicals business under a separate entity Reliance O2C Ltd. The stake sale talks with Aramco have revived and an announcement to this effect is expected. The launch of the Jio-Google phone is expected to be announced at the 44th AGM. Google and Jio may also look at a new O/S.
The RBI-appointed third party audit of HDFC Bank's IT systems is completed and the final report has been submitted to RBI for final decision. This was confirmed by HDFC Bank CEO, Shashidhar Jagdishan. In Dec-20, RBI banned HDFC Bank from announcing any new digital launches including new credit cards or the Digital 2.0 plan.
This happened after a series of technical glitches reported by the bank leading to massive inconvenience for the customers. HDFC Bank confirmed the glitches had nothing to do with handling scale.
*ADVANCE TAX 1st instalment paid (as of 15th Jun'21) available data:::*
As per officials, the 1st-quarter (Apr-Jun'21) numbers have been compared with the beginning of the 'COVID-19' pandemic-induced lockdown. So, automatically the figures showed a sharp jump. The 2nd instalment will have a clearer picture.
Meanwhile, final advance-tax collection by cos showed 51% YoY growth for the 1st qtr. Earlier, the preliminary data showed a growth rate of 146%, which has now been revised downwards. Direct tax collection (net) stood at Rs 2.33 lakh Cr (trln).
Cos & individuals are required to pay 15% of their tax liability as the 1st instalment - in the 1st qtr of the financial-year.
As per official data,
TCS paid Rs 1,160 Cr, up 65%
Infosys paid Rs 720 Cr, up 44%
Tech Mahindra at Rs 190 Cr, up 35%
Hero MotoCorp paid Rs 126 Cr, up 95%
Maruti Suzuki paid Rs 150 Cr, up 200%
Hindustan Unilever paid Rs 397 Cr, up 20%
Procter & Gamble paid Rs 32 Cr, up 45%
Nestle paid Rs 105 Cr, up 17%
ICICI Bank paid Rs 800 Cr, up 39%
HDFC Bank paid Rs 2,100 Cr, up 7.70%
State Bank of India (SBI) paid Rs 1,910 Cr, up 21%
Punjab National Bank (PNB) paid Rs 83 Cr Vs Nil last year same qtr
Life Insurance Corporation (LIC) of India paid Rs 1,578 Cr, down 3%
ONGC paid Rs 1,025 Cr, up 241%
NTPC paid Rs 485 Cr, up 10%
L&T paid Rs 30 Cr, up 50%
Tata Steel paid Rs 750 Cr
Cipla paid Rs 126 Cr, up 20%
Dr Reddy’s paid Rs 60 Cr, up 10%
Lupin paid Rs 76 Cr, down 22%
As per officials, the 1st-quarter (Apr-Jun'21) numbers have been compared with the beginning of the 'COVID-19' pandemic-induced lockdown. So, automatically the figures showed a sharp jump. The 2nd instalment will have a clearer picture.
Meanwhile, final advance-tax collection by cos showed 51% YoY growth for the 1st qtr. Earlier, the preliminary data showed a growth rate of 146%, which has now been revised downwards. Direct tax collection (net) stood at Rs 2.33 lakh Cr (trln).
Cos & individuals are required to pay 15% of their tax liability as the 1st instalment - in the 1st qtr of the financial-year.
As per official data,
TCS paid Rs 1,160 Cr, up 65%
Infosys paid Rs 720 Cr, up 44%
Tech Mahindra at Rs 190 Cr, up 35%
Hero MotoCorp paid Rs 126 Cr, up 95%
Maruti Suzuki paid Rs 150 Cr, up 200%
Hindustan Unilever paid Rs 397 Cr, up 20%
Procter & Gamble paid Rs 32 Cr, up 45%
Nestle paid Rs 105 Cr, up 17%
ICICI Bank paid Rs 800 Cr, up 39%
HDFC Bank paid Rs 2,100 Cr, up 7.70%
State Bank of India (SBI) paid Rs 1,910 Cr, up 21%
Punjab National Bank (PNB) paid Rs 83 Cr Vs Nil last year same qtr
Life Insurance Corporation (LIC) of India paid Rs 1,578 Cr, down 3%
ONGC paid Rs 1,025 Cr, up 241%
NTPC paid Rs 485 Cr, up 10%
L&T paid Rs 30 Cr, up 50%
Tata Steel paid Rs 750 Cr
Cipla paid Rs 126 Cr, up 20%
Dr Reddy’s paid Rs 60 Cr, up 10%
Lupin paid Rs 76 Cr, down 22%
*Today's important events*
June Series Monthly Expiry
Alert: RIL's 44th AGM @ 2:00 PM
Listings: Sona BLW | Shyam Metalics
Global: US Q1 GDP | BoE Interest Rate Decision
PMModi To Interact With Toycathon Participants
June Series Monthly Expiry
Alert: RIL's 44th AGM @ 2:00 PM
Listings: Sona BLW | Shyam Metalics
Global: US Q1 GDP | BoE Interest Rate Decision
PMModi To Interact With Toycathon Participants
*Pending Calls today…*
As of Thursday 24 June 2021
*11:00 AM Allcargo*
Dial: + 91 22 6280 1342
*12:00 PM S P Apparels*
Dial: +91 22 6280 1297
*12:00 PM V2 Retail*
Dial: +91 22 6280 1545
*12:30 PM Nitiraj Enginee*
(Results, Investor/Analyst Presentation)
No Contact Available
*3:05 PM Apollo Hospital*
Dial: + 91 22 6280 1141
As of Thursday 24 June 2021
*11:00 AM Allcargo*
Dial: + 91 22 6280 1342
*12:00 PM S P Apparels*
Dial: +91 22 6280 1297
*12:00 PM V2 Retail*
Dial: +91 22 6280 1545
*12:30 PM Nitiraj Enginee*
(Results, Investor/Analyst Presentation)
No Contact Available
*3:05 PM Apollo Hospital*
Dial: + 91 22 6280 1141
*Please find mentioned below key news for the IT sector this morning:*
1) *TCS* wins 3 gold and 2 bronze Eventex awards for excellence across marketing and customer engagement
https://tinyurl.com/7npswhu8
2) *Infosys’* Rs92 bn share buyback (at upto Rs1,750/sh) through open market to commence from 25 June
https://tinyurl.com/746yppft
3) *Salesforce* and *AWS* extend partnership to provide two-way integration
https://tinyurl.com/2hdnpa3m
4) *Salesforce* redesigns its platform with low-code tools for interactive app development and automation
https://tinyurl.com/x8yvp73c
5) *IBM* collaborates with Indian Institute of Science (IISc) for innovation lab to advance hybrid cloud research in India
https://tinyurl.com/yp3d4uen
6) *IBM* creates new AI and cloud powered fan experience for Wimbledon 2021
https://tinyurl.com/krth48km
1) *TCS* wins 3 gold and 2 bronze Eventex awards for excellence across marketing and customer engagement
https://tinyurl.com/7npswhu8
2) *Infosys’* Rs92 bn share buyback (at upto Rs1,750/sh) through open market to commence from 25 June
https://tinyurl.com/746yppft
3) *Salesforce* and *AWS* extend partnership to provide two-way integration
https://tinyurl.com/2hdnpa3m
4) *Salesforce* redesigns its platform with low-code tools for interactive app development and automation
https://tinyurl.com/x8yvp73c
5) *IBM* collaborates with Indian Institute of Science (IISc) for innovation lab to advance hybrid cloud research in India
https://tinyurl.com/yp3d4uen
6) *IBM* creates new AI and cloud powered fan experience for Wimbledon 2021
https://tinyurl.com/krth48km
Business-Standard
TCS wins Eventex Awards for its marketing campaigns
#ThisRun received the gold award in both the People's Choice Marketing Campaign and Technology Marketing Campaign categories as well as a Bronze in the Grand Prix marketing campaign category. #ThisRun is part of TCS' drive to deliver innovative
*Today's important events*
June Series Monthly Expiry
Alert: RIL's 44th AGM @ 2:00 PM
Listings: Sona BLW | Shyam Metalics
Global: US Q1 GDP | BoE Interest Rate Decision
PMModi To Interact With Toycathon Participants
June Series Monthly Expiry
Alert: RIL's 44th AGM @ 2:00 PM
Listings: Sona BLW | Shyam Metalics
Global: US Q1 GDP | BoE Interest Rate Decision
PMModi To Interact With Toycathon Participants
Market Wizard
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https://t.me/marketswizard
FREE EDUCATIONAL TELEGRAM CHANNEL
Disclaimer : This channel DOES NOT provide any stock market related advice or recommendation
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED !!!
https://t.me/marketswizard
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Market Wizard
Short Term Bumper Call Buy Indo Tech at CMP of 104 - 105 and dips of 99 Sl 96 Targets:- 107 - 108 - 109 - 110 - 111 - 112 - 113 - 114+ Above 114 we can see 118 - 124 - 131 - 137+ Disclaimer:- I am not SEBI Registered. Please consult your financial advisor…
INDOTECH 182.15❤️❤️
UC LOCKED 😍🔐
NEW 52 WEEK HIGH
UC LOCKED 😍🔐
NEW 52 WEEK HIGH