Brightcom Group Investors Group
This group is only for discussing and updating on all developments in BCG (Brightcom Group) so we request all the members of this group to strictly limit their discussions to BCG and don't share information without any authenticity.
https://t.me/brightcomgroup
This group is only for discussing and updating on all developments in BCG (Brightcom Group) so we request all the members of this group to strictly limit their discussions to BCG and don't share information without any authenticity.
https://t.me/brightcomgroup
*Good Morning*
Modi Revamps Cabinet to Repair Popularity Ahead of India Polls
President swore in 43 new federal ministers in New Delhi
India Ministers Prasad, Javadekar Resign: President’s Office
India Invites RFPs for Naming Advisers for RINL Divestment
India Should Compensate Farmers If Crop Prices Fall: Adviser
Tycoon Adani Seeks $1 Billion to Refinance Mumbai Airport Debt
India’s SaaS Firms May Be Worth $1 Trillion by 2030, Report
Industry group forecasts strong growth for SaaS market
India Cumulative Monsoon Rainfall 5% Below Normal as of July 7
India Power Demand Hits an All-Time High But May Fall Soon: BNEF
Global Funds Buy Net INR5.33B of India Stocks Wednesday: NSE
Domestic funds sell net 2.32b rupees of stocks
Foreign Investors Buy Net INR10.4B of Indian Equities on July 6
Foreigners Sell Net INR1.4B Indian Equity Derivatives Wednesday
Indian IT industry revenues will see double-digit growth in FY22: PTI
Farmers gear up for protest against fuel price hike Thursday: PTI
Bajaj Healthcare (BAJAJHEA): Gets license to make and sell Covid drug 2-DG
Hindustan Oil Exploration (HOE): Says HDFC sold 2.46% stake in HOE for 371.9m rupees between Sept. 2017 and July 7
Natco Pharma (NTCPH): FMC Corp. gets interim injunction against Natco for patent infringement
Rashtriya Chemicals (RCF): Says settle gas pricing dispute with GAIL for INR871.7m under AMRCD mechanism
Tata Motors (TTMT): Jaguar Not Expecting Delays in Launches Due to Chip Crisis: CFO
History Backs Buying 8% Dip in Jaguar Owner’s Stock
Ujjivan Financial Services (UJJIVAN): Aberdeen Global sells 1m shares of Ujjivan: NSE
Modi Revamps Cabinet to Repair Popularity Ahead of India Polls
President swore in 43 new federal ministers in New Delhi
India Ministers Prasad, Javadekar Resign: President’s Office
India Invites RFPs for Naming Advisers for RINL Divestment
India Should Compensate Farmers If Crop Prices Fall: Adviser
Tycoon Adani Seeks $1 Billion to Refinance Mumbai Airport Debt
India’s SaaS Firms May Be Worth $1 Trillion by 2030, Report
Industry group forecasts strong growth for SaaS market
India Cumulative Monsoon Rainfall 5% Below Normal as of July 7
India Power Demand Hits an All-Time High But May Fall Soon: BNEF
Global Funds Buy Net INR5.33B of India Stocks Wednesday: NSE
Domestic funds sell net 2.32b rupees of stocks
Foreign Investors Buy Net INR10.4B of Indian Equities on July 6
Foreigners Sell Net INR1.4B Indian Equity Derivatives Wednesday
Indian IT industry revenues will see double-digit growth in FY22: PTI
Farmers gear up for protest against fuel price hike Thursday: PTI
Bajaj Healthcare (BAJAJHEA): Gets license to make and sell Covid drug 2-DG
Hindustan Oil Exploration (HOE): Says HDFC sold 2.46% stake in HOE for 371.9m rupees between Sept. 2017 and July 7
Natco Pharma (NTCPH): FMC Corp. gets interim injunction against Natco for patent infringement
Rashtriya Chemicals (RCF): Says settle gas pricing dispute with GAIL for INR871.7m under AMRCD mechanism
Tata Motors (TTMT): Jaguar Not Expecting Delays in Launches Due to Chip Crisis: CFO
History Backs Buying 8% Dip in Jaguar Owner’s Stock
Ujjivan Financial Services (UJJIVAN): Aberdeen Global sells 1m shares of Ujjivan: NSE
*SGX Nifty -40 pts (15858) from last trade 15898 ,*
Nikkei -149 pts ,
Hangseng -79 pts ,
Now @7.00am .
Dow +104.42 pts ,Nsdq +1.42 pts, S&P
+14.59 pts, Bovespa +1923 pts , Ftse +50 pts , Dax +181 pts , Cac +20 pts , Crude @ $71.93 brl (-0.21), Brent @ $73.25 brl (-0.18) , Gold @ 1804.60 (+2.50), Silver @ $26.20 (+0.07), Euro @ $1.179, JPY @ $110.56, INR @ 74.795
*Today's Corporate Action*
*8th Jul Ex Date*
BAJAJ-AUTO
Dividend - Rs. - 140.0000
BAJAJFINSV
Dividend - Rs. - 3.0000
BAJAJHLDNG
Dividend - Rs. - 40.0000
BAJFINANCE
Final Dividend - Rs. - 10.0000
CROMPTON
Final Dividend - Rs. - 2.5000
DCMSHRIRAM
Final Dividend - Rs. - 3.8000
FCL
Final Dividend - Rs. - 0.3000
HINDPETRO
Final Dividend - Rs. - 22.7500
INDIANB
Final Dividend - Rs. - 2.0000
JINDALSAW
Dividend - Rs. - 2.0000
JONJUA
Bonus issue 5:37
LTTS
Final Dividend - Rs. - 14.5000
MAHSCOOTER
Dividend - Rs. - 50.0000
PIONEEREMB
Dividend - Rs. - 0.2500
SHARIKA
Bonus issue 1:1
*Today's Key Results/Board Meetings*
*8-Jul-21*
INFRATRUST
General
SHYAMMETL
Audited Results;Dividend
TCS
Interim Dividend;Quarterly Results
*Stock under F&O ban on NSE*
*8-Jul-21*
1IBULHSGFIN
2NATIONALUM
3NMDC
4PNB
5SAIL
Nikkei -149 pts ,
Hangseng -79 pts ,
Now @7.00am .
Dow +104.42 pts ,Nsdq +1.42 pts, S&P
+14.59 pts, Bovespa +1923 pts , Ftse +50 pts , Dax +181 pts , Cac +20 pts , Crude @ $71.93 brl (-0.21), Brent @ $73.25 brl (-0.18) , Gold @ 1804.60 (+2.50), Silver @ $26.20 (+0.07), Euro @ $1.179, JPY @ $110.56, INR @ 74.795
*Today's Corporate Action*
*8th Jul Ex Date*
BAJAJ-AUTO
Dividend - Rs. - 140.0000
BAJAJFINSV
Dividend - Rs. - 3.0000
BAJAJHLDNG
Dividend - Rs. - 40.0000
BAJFINANCE
Final Dividend - Rs. - 10.0000
CROMPTON
Final Dividend - Rs. - 2.5000
DCMSHRIRAM
Final Dividend - Rs. - 3.8000
FCL
Final Dividend - Rs. - 0.3000
HINDPETRO
Final Dividend - Rs. - 22.7500
INDIANB
Final Dividend - Rs. - 2.0000
JINDALSAW
Dividend - Rs. - 2.0000
JONJUA
Bonus issue 5:37
LTTS
Final Dividend - Rs. - 14.5000
MAHSCOOTER
Dividend - Rs. - 50.0000
PIONEEREMB
Dividend - Rs. - 0.2500
SHARIKA
Bonus issue 1:1
*Today's Key Results/Board Meetings*
*8-Jul-21*
INFRATRUST
General
SHYAMMETL
Audited Results;Dividend
TCS
Interim Dividend;Quarterly Results
*Stock under F&O ban on NSE*
*8-Jul-21*
1IBULHSGFIN
2NATIONALUM
3NMDC
4PNB
5SAIL
Flight to bonds sends yields below key level; stocks mixed - https://www.moneycontrol.com/news/business/markets/flight-to-bonds-sends-yields-below-key-level-stocks-mixed-7143131.html
Moneycontrol
Flight To Bonds Sends Yields Below Key Level; Stocks Mixed
Investors have been nervous about riskier assets ahead of the release Wednesday of the June policy minutes, expected to show how serious members are about tapering their asset buying and how early rate hikes could begin.
BAJAJ HEALTHCARE LTD gets license from Defence Research and Development Organisation (DRDO) to manufacture Glucose” (2-DG), used and market “2-Deoxy-D- in control & treatment of Covid-19
Tata Motors Shares Fall On Chip Shortage Woes, But Most Brokerages Stay Bullish
Shares of Tata Motors Ltd. fell to the lowest in two months after the automaker’s luxury arm said it expects chip shortages to worsen in the ongoing second quarter, hurting sales. Still, that didn’t deter most analysts from staying bullish on the company.
Jaguar Land Rover on Tuesday said chip shortages in the quarter ending September are expected to be greater than in the preceding three months, resulting in wholesale volumes about 50% lower than planned during the period.
Chip shortage is very dynamic and difficult to forecast, Tata Motors said in an exchange filing. “Some level of shortages will continue through to the end of the year and beyond.” The company, however, will prioritise production of higher margin vehicles using the available chip supply, and expects the situation to start improving in the second half of the ongoing financial year.
Analysts, too, expect Tata Motors to start to turn around by the next fiscal, defying the near-term pressures.
Jefferies
Maintains ‘buy’ rating, cuts target price to Rs 435 apiece from Rs 455.
Tata Motors has provided very weak guidance for the first half of the fiscal. Cuts FY22 Ebitda and earnings per share by 10% and 44%, respectively;
FY23 earnings are broadly unchanged as semiconductor shortages will ease in time.
Despite the near-term pressure, Tata Motors is poised to deliver a strong turnaround by FY23, led by cyclical recovery and improved strategy at both JLR and India.
Nomura
Maintains ‘neutral’ rating with a target price of Rs 353 apiece.
“The chip shortage impact in the first half of FY22 is much higher than our expectation and has put our FY22 volume estimates of 483,000 at risk by more than 10%, especially if the impact remains significant in the second half.”
There is a risk of delayed launch of new Range Rover as well. Given negative free cash flow, the brokerage’s FY22 debt assumptions have an upside risk as well. “We will track management commentary on FY22F volume guidance.”
Impact on JLR is also worrying because it seems that the impact is much higher than what other luxury players have reported.
For instance, BMW commented that it has only lost 30,000 units due to chip shortage.
Daimler also indicated its deliveries were impacted in June 2021 and expects the impact to continue over the next two quarters.
“Currently, our global team expects chip shortage to start easing from September 2021 onwards.”
Morgan Stanley
Maintains ‘equal-weight’ stance with a target price of Rs 300, implying a potential downside of 13%.
The impact of the chip shortage at JLR is much more than anticipated. Key to monitor is that the demand environment in the second half of the fiscal remains healthy as production starts to recover then.
“Increases Ebitda estimates for JLR and moving our valuation horizon to 12 months ending June 2023, partially offset by decline in India business Ebitda and increase in share count, drive our price target to Rs 300.”
Antique Stock Broking
Maintains ‘buy’ rating with a price target of Rs 425 apiece.
Expects improvement in operating performance and financial deleveraging across Tata Motors’ all three businesses over the next three years.
Values India business at 10 times the FY23 Ebitda, given early stages of demand upcycle in commercial vehicles and structural turnaround in passenger vehicles business.
Values JLR business at 2.2 times FY23 Ebitda, in line with European premium car peers. Key risk: The impact of Covid-19 on sales and production in India and the slower-than-expected economic recovery in India in FY22.
Motilal Oswal
Maintains ‘buy’ rating with a target price of Rs 400 per share. All three of Tata Motors’ businesses are in recovery mode.
While the India commercial vehicle business would see a cyclical recovery, the India passenger vehicle business is in a structural recovery mode. JLR is also witnessing a cyclical recovery, supported by a favorable product mix.
Shares of Tata Motors Ltd. fell to the lowest in two months after the automaker’s luxury arm said it expects chip shortages to worsen in the ongoing second quarter, hurting sales. Still, that didn’t deter most analysts from staying bullish on the company.
Jaguar Land Rover on Tuesday said chip shortages in the quarter ending September are expected to be greater than in the preceding three months, resulting in wholesale volumes about 50% lower than planned during the period.
Chip shortage is very dynamic and difficult to forecast, Tata Motors said in an exchange filing. “Some level of shortages will continue through to the end of the year and beyond.” The company, however, will prioritise production of higher margin vehicles using the available chip supply, and expects the situation to start improving in the second half of the ongoing financial year.
Analysts, too, expect Tata Motors to start to turn around by the next fiscal, defying the near-term pressures.
Jefferies
Maintains ‘buy’ rating, cuts target price to Rs 435 apiece from Rs 455.
Tata Motors has provided very weak guidance for the first half of the fiscal. Cuts FY22 Ebitda and earnings per share by 10% and 44%, respectively;
FY23 earnings are broadly unchanged as semiconductor shortages will ease in time.
Despite the near-term pressure, Tata Motors is poised to deliver a strong turnaround by FY23, led by cyclical recovery and improved strategy at both JLR and India.
Nomura
Maintains ‘neutral’ rating with a target price of Rs 353 apiece.
“The chip shortage impact in the first half of FY22 is much higher than our expectation and has put our FY22 volume estimates of 483,000 at risk by more than 10%, especially if the impact remains significant in the second half.”
There is a risk of delayed launch of new Range Rover as well. Given negative free cash flow, the brokerage’s FY22 debt assumptions have an upside risk as well. “We will track management commentary on FY22F volume guidance.”
Impact on JLR is also worrying because it seems that the impact is much higher than what other luxury players have reported.
For instance, BMW commented that it has only lost 30,000 units due to chip shortage.
Daimler also indicated its deliveries were impacted in June 2021 and expects the impact to continue over the next two quarters.
“Currently, our global team expects chip shortage to start easing from September 2021 onwards.”
Morgan Stanley
Maintains ‘equal-weight’ stance with a target price of Rs 300, implying a potential downside of 13%.
The impact of the chip shortage at JLR is much more than anticipated. Key to monitor is that the demand environment in the second half of the fiscal remains healthy as production starts to recover then.
“Increases Ebitda estimates for JLR and moving our valuation horizon to 12 months ending June 2023, partially offset by decline in India business Ebitda and increase in share count, drive our price target to Rs 300.”
Antique Stock Broking
Maintains ‘buy’ rating with a price target of Rs 425 apiece.
Expects improvement in operating performance and financial deleveraging across Tata Motors’ all three businesses over the next three years.
Values India business at 10 times the FY23 Ebitda, given early stages of demand upcycle in commercial vehicles and structural turnaround in passenger vehicles business.
Values JLR business at 2.2 times FY23 Ebitda, in line with European premium car peers. Key risk: The impact of Covid-19 on sales and production in India and the slower-than-expected economic recovery in India in FY22.
Motilal Oswal
Maintains ‘buy’ rating with a target price of Rs 400 per share. All three of Tata Motors’ businesses are in recovery mode.
While the India commercial vehicle business would see a cyclical recovery, the India passenger vehicle business is in a structural recovery mode. JLR is also witnessing a cyclical recovery, supported by a favorable product mix.
India Strategy
Govt's first mega cabinet reshuffle - Out of box and effective
India announced a major expansion of its council of ministers, first since Shri Narendra Modi took charge as the Prime Minister of India in May 2019, for the second consecutive term. In fact, the mega reshuffle is biggest since BJP-led NDA came into power in 2014.
Govt now has 77 ministers, half being new. No of cabinet ministers has increased from 21 to 30. No of minsters of state has increased from 23 to 45, with just 2 minsters of date with independent charge. While one can argue that there is an attempt to balance regional aspirations keeping in mind major state elections next year, there is clear attempt to boost performance, bring new energy and make productive ministries.
What stands out -
1. Exit of four high profile ministers
2. Shri Hardeep Puri as Minister of Petroleum and Natural Gas. Puri is expected to speed up process of divestment. Should act as a key re-rating catalyst for oil PSUs.
3. Shri Piyush Goyal is now heading Textile Ministry also, apart from Commerce and Industry Ministry. This is a bold move, give that textile has potential to be the most prolific export sector for India given that India is among largest producers of cotton in the world. Textile, yarn sector and its value chain, which is witnessing significant upcycle, should further see rerating.
4. Shri Jyotiraditya Scindia will run civil aviation ministry. His performance during earlier tenures has been good, and one would expect him to take matters of civil aviation forward. Good time for civil aviation sector to get him as minister, while recovery is underway.
5. Highly unanticipated, Shri Mansukh Malviya is minister for health, and chemical and fertilisers. Haven't seen in past these two ministries run by one cabinet minister in long time, but maybe it's a good idea given that coordination between these two key ministries during acute COVID crisis was found lacking.
6. Carving out of Dept of Public Enterprise from Ministry of Heavy Industries and bringing under Ministry of Finance is significant. It will give better coordination for divestment. Very surprising but out-of-box move.
Overall, the cabinet reshuffle will infuse a lot of confidence, thus providing stability to market valuations. Sector that can see re-rating due to the cabinet expansion include oil refineries and CGD sector, textile and engineering, pharmaceutical and civil aviation.
Antique
Govt's first mega cabinet reshuffle - Out of box and effective
India announced a major expansion of its council of ministers, first since Shri Narendra Modi took charge as the Prime Minister of India in May 2019, for the second consecutive term. In fact, the mega reshuffle is biggest since BJP-led NDA came into power in 2014.
Govt now has 77 ministers, half being new. No of cabinet ministers has increased from 21 to 30. No of minsters of state has increased from 23 to 45, with just 2 minsters of date with independent charge. While one can argue that there is an attempt to balance regional aspirations keeping in mind major state elections next year, there is clear attempt to boost performance, bring new energy and make productive ministries.
What stands out -
1. Exit of four high profile ministers
2. Shri Hardeep Puri as Minister of Petroleum and Natural Gas. Puri is expected to speed up process of divestment. Should act as a key re-rating catalyst for oil PSUs.
3. Shri Piyush Goyal is now heading Textile Ministry also, apart from Commerce and Industry Ministry. This is a bold move, give that textile has potential to be the most prolific export sector for India given that India is among largest producers of cotton in the world. Textile, yarn sector and its value chain, which is witnessing significant upcycle, should further see rerating.
4. Shri Jyotiraditya Scindia will run civil aviation ministry. His performance during earlier tenures has been good, and one would expect him to take matters of civil aviation forward. Good time for civil aviation sector to get him as minister, while recovery is underway.
5. Highly unanticipated, Shri Mansukh Malviya is minister for health, and chemical and fertilisers. Haven't seen in past these two ministries run by one cabinet minister in long time, but maybe it's a good idea given that coordination between these two key ministries during acute COVID crisis was found lacking.
6. Carving out of Dept of Public Enterprise from Ministry of Heavy Industries and bringing under Ministry of Finance is significant. It will give better coordination for divestment. Very surprising but out-of-box move.
Overall, the cabinet reshuffle will infuse a lot of confidence, thus providing stability to market valuations. Sector that can see re-rating due to the cabinet expansion include oil refineries and CGD sector, textile and engineering, pharmaceutical and civil aviation.
Antique
World Markets
Dow + 104
Nasdaq + 1
Dax + 181
Nikkei - 139
Hangseng - 36
Sgxnifty - 33 (15865)
Brent Crude 73.28
Dow Fut - 42
Dollar Index 92.75
Dow + 104
Nasdaq + 1
Dax + 181
Nikkei - 139
Hangseng - 36
Sgxnifty - 33 (15865)
Brent Crude 73.28
Dow Fut - 42
Dollar Index 92.75
Stocks To Watch
Adani group stocks: Gautam Adani is seeking a loan of about Rs 7,500 crore ($1 billion) to refinance existing debt of Mumbai International Airport Ltd, according to a Bloomberg report. Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd. Deutsche Bank AG is also in talks to help with the financing. MIAL has a debt of about Rs 8,000 crore.
Bajaj Healthcare: Received a licence from Defence Research and Development Organisation to manufacture and market 2-Deoxy-D-Glucose, used in treatment of Covid-19, in the domestic market.
RBI has penalised 14 banks for contravening provisions related to bank lending to non-bank finance companies and maintaining data on large exposures. Penalties worth Rs 14.5 crore was levied on banks. Bank of Baroda was levied a penalty of Rs 2 crore. State Bank of India was fined Rs 50 lakh. Karnataka Bank, Bank of Maharashtra, Central Bank of India, Indian Bank, IndusInd Bank, Bandhan Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank and The Jammu & Kashmir Bank were asked to pay Rs 1 crore as fine. Penalties levied after a scrutiny of accounts of a group was carried out by RBI.
Tata Motors: Doing everything to mitigate chip shortage issue, said Adrian Mardell, CFO, Jaguar Land Rover. Taken strong steps to streamline our supply chain and are in touch with the chip suppliers to gain visibility. Not expecting launches to be delayed because of the chip issue, he said. JLR’s total inventory is at 74,000 units at the end of June.
REC: Raised US$400 million by issuing bonds to finance the power sector. The bonds have been issued under the company’s USD 7 Billion Global Medium Term Note Programme. The notes will mature on January 13, 2027, and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 13 July.
HDFC: Sold 2.46% stake in Hindustan Oil Exploration Company for Rs 37.19 crore. The company sold 32.53 lakh shares between September 2017 and July 7, 2021.
PNB Housing Finance: Received a letter from Punjab National Bank asking it to consider restructuring its fund-raising plans. PNB sent a letter to PNB Housing on July 4. After obtaining legal opinion, PNB board is of the opinion that the housing finance company should take cognisance of the SEBI letter and consider restructuring the contours of the fund-raising plan. PNB Housing board, after meeting on July 5 and 6, has decided to wait for SAT order on July 12, before further action.
Hindustan Construction Company: Default in loans including revolving facilities like cash credit from banks and financial institutions as on June 30 stands at Rs 2,059.85 crore. Total financial indebtedness at Rs 9,893.22 crore.
Kalyan Jewellers: Overall revenue for the June quarter was 55% of Q1FY20, the company said. A significant portion of the revenue for Q1FY22 was booked during the month of April. It also opened 9 showrooms in India in April, taking the total number of showrooms in India to 116. As of June 30, 92% of the company's showrooms in India were operational.
Earnings: TCS, Shyam Metalics and Energy
Adani group stocks: Gautam Adani is seeking a loan of about Rs 7,500 crore ($1 billion) to refinance existing debt of Mumbai International Airport Ltd, according to a Bloomberg report. Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd. Deutsche Bank AG is also in talks to help with the financing. MIAL has a debt of about Rs 8,000 crore.
Bajaj Healthcare: Received a licence from Defence Research and Development Organisation to manufacture and market 2-Deoxy-D-Glucose, used in treatment of Covid-19, in the domestic market.
RBI has penalised 14 banks for contravening provisions related to bank lending to non-bank finance companies and maintaining data on large exposures. Penalties worth Rs 14.5 crore was levied on banks. Bank of Baroda was levied a penalty of Rs 2 crore. State Bank of India was fined Rs 50 lakh. Karnataka Bank, Bank of Maharashtra, Central Bank of India, Indian Bank, IndusInd Bank, Bandhan Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank and The Jammu & Kashmir Bank were asked to pay Rs 1 crore as fine. Penalties levied after a scrutiny of accounts of a group was carried out by RBI.
Tata Motors: Doing everything to mitigate chip shortage issue, said Adrian Mardell, CFO, Jaguar Land Rover. Taken strong steps to streamline our supply chain and are in touch with the chip suppliers to gain visibility. Not expecting launches to be delayed because of the chip issue, he said. JLR’s total inventory is at 74,000 units at the end of June.
REC: Raised US$400 million by issuing bonds to finance the power sector. The bonds have been issued under the company’s USD 7 Billion Global Medium Term Note Programme. The notes will mature on January 13, 2027, and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 13 July.
HDFC: Sold 2.46% stake in Hindustan Oil Exploration Company for Rs 37.19 crore. The company sold 32.53 lakh shares between September 2017 and July 7, 2021.
PNB Housing Finance: Received a letter from Punjab National Bank asking it to consider restructuring its fund-raising plans. PNB sent a letter to PNB Housing on July 4. After obtaining legal opinion, PNB board is of the opinion that the housing finance company should take cognisance of the SEBI letter and consider restructuring the contours of the fund-raising plan. PNB Housing board, after meeting on July 5 and 6, has decided to wait for SAT order on July 12, before further action.
Hindustan Construction Company: Default in loans including revolving facilities like cash credit from banks and financial institutions as on June 30 stands at Rs 2,059.85 crore. Total financial indebtedness at Rs 9,893.22 crore.
Kalyan Jewellers: Overall revenue for the June quarter was 55% of Q1FY20, the company said. A significant portion of the revenue for Q1FY22 was booked during the month of April. It also opened 9 showrooms in India in April, taking the total number of showrooms in India to 116. As of June 30, 92% of the company's showrooms in India were operational.
Earnings: TCS, Shyam Metalics and Energy
Pledge Share Details
Aurobindo Pharma: Promoter group (Axis Clinicals, Trident Chemphar and RPR Sons Advisors) created a pledge of 20 lakh shares on July 5. Promoters (RPR Sons Advisors, P Suneela Rani and K Reddy) revoked pledge of 35 lakh shares on July 5.
Gayatri Projects: Promoter T Indira Reddy invoked pledge of 22 lakh shares on July 5.
Aurobindo Pharma: Promoter group (Axis Clinicals, Trident Chemphar and RPR Sons Advisors) created a pledge of 20 lakh shares on July 5. Promoters (RPR Sons Advisors, P Suneela Rani and K Reddy) revoked pledge of 35 lakh shares on July 5.
Gayatri Projects: Promoter T Indira Reddy invoked pledge of 22 lakh shares on July 5.
Who’s Meeting Whom
Paisalo Digital: To meet Dalal and Broacha Stock Broking on July 8.
Somany Home Innovation: To meet MK Ventures and Dimensional Securities on July 8.
Paisalo Digital: To meet Dalal and Broacha Stock Broking on July 8.
Somany Home Innovation: To meet MK Ventures and Dimensional Securities on July 8.
Money Market Update
The rupee ended at 74.61 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.55.
The rupee ended at 74.61 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.55.
Trading Tweaks
Ex-Date AGM: Wipro, Shanthi Gears
Ex-Date Dividend: Maharashtra Scooters, Bajaj Finserv, Bajaj Auto, Bajaj Holdings & Investment, Jindal Saw
Ex-Date Final Dividend: Bajaj Finance, Crompton Greaves Consumer Electricals, DCM Shriram, Fineotex Chemical, HPCL, Indian Bank, L&T Technology Services
Record Date Dividend: Kalpataru Power Transmission, Ultramarine & Pigments
Price Band Revised From 10% To 5%: Olectra Greentech, Rajratan Global Wire, Sharda Motor Industries
Price Band Revised From 20% To 10%: VLS Finance
Move Into Short-Term ASM Framework: Jain Irrigation Systems
Move Into ASM Framework: Gokaldas Exports, PNB Gilts, Hexa Tradex
Ex-Date AGM: Wipro, Shanthi Gears
Ex-Date Dividend: Maharashtra Scooters, Bajaj Finserv, Bajaj Auto, Bajaj Holdings & Investment, Jindal Saw
Ex-Date Final Dividend: Bajaj Finance, Crompton Greaves Consumer Electricals, DCM Shriram, Fineotex Chemical, HPCL, Indian Bank, L&T Technology Services
Record Date Dividend: Kalpataru Power Transmission, Ultramarine & Pigments
Price Band Revised From 10% To 5%: Olectra Greentech, Rajratan Global Wire, Sharda Motor Industries
Price Band Revised From 20% To 10%: VLS Finance
Move Into Short-Term ASM Framework: Jain Irrigation Systems
Move Into ASM Framework: Gokaldas Exports, PNB Gilts, Hexa Tradex
*FII and DII Trading activities as on 07July 2021*
FII F&O (Net)-139.91Cr
FII INDEX FUTURES-318.64Cr
FII INDEX OPTIONS+91.82Cr
FII STOCK FUTURES+195.92Cr
FII STOCK OPTIONS-109.01Cr
FII CASH+532.94Cr
DII CASH-231.8Cr
FII F&O (Net)-139.91Cr
FII INDEX FUTURES-318.64Cr
FII INDEX OPTIONS+91.82Cr
FII STOCK FUTURES+195.92Cr
FII STOCK OPTIONS-109.01Cr
FII CASH+532.94Cr
DII CASH-231.8Cr
*ExDividend Tomorrow*
BajajAuto Rs 140/Sh
BajajHoldings Rs 40/Sh
BajajFinance Rs 10/Sh
BajajFinserv Rs 3/Sh
MaharashtraScooters Rs 50/Sh
HPCL Rs 22.75/Sh
IndianBank Rs 2/Sh
Jindal Saw Rs 2/Sh
LnT Tech Rs 14.50/Sh
CromptonConsumer Rs 2.5/Sh
DCMShriram Rs 3.80/Sh
BajajAuto Rs 140/Sh
BajajHoldings Rs 40/Sh
BajajFinance Rs 10/Sh
BajajFinserv Rs 3/Sh
MaharashtraScooters Rs 50/Sh
HPCL Rs 22.75/Sh
IndianBank Rs 2/Sh
Jindal Saw Rs 2/Sh
LnT Tech Rs 14.50/Sh
CromptonConsumer Rs 2.5/Sh
DCMShriram Rs 3.80/Sh
*Bajaj Health*
gets DRDO license to make 2-Deoxy-D-Glucose for COVID19
*BIG BREAKING:*
ZOMATO IPO is opening from 14th July 2021.
Anchor Allotment on 13th July.
Retail Quota 10%
Current GMP 14/-
gets DRDO license to make 2-Deoxy-D-Glucose for COVID19
*BIG BREAKING:*
ZOMATO IPO is opening from 14th July 2021.
Anchor Allotment on 13th July.
Retail Quota 10%
Current GMP 14/-
*RAILTEL_CORPORATION*
Has received a work order amounting to Rs. 23.43 Crore (Excluding GST) from M/s. Sagar Cable Network
*HOEC*
HDFC Sold 32.53 Lakh Shares (2.46% Stake) in Open Market
📌 Stake Reduces from 11.21% to 8.75%
*KPR_MILL*
Boardmeet on 27-July
Along with Results Board To Consider Sub-Division of Shares
*ANGEL BROKING*
ICICI Prudential Mutual Fund
Sold 70,671 Shares in secondary market
📌 Stake Reduced Partially from 3.11% to 3.03%
Has received a work order amounting to Rs. 23.43 Crore (Excluding GST) from M/s. Sagar Cable Network
*HOEC*
HDFC Sold 32.53 Lakh Shares (2.46% Stake) in Open Market
📌 Stake Reduces from 11.21% to 8.75%
*KPR_MILL*
Boardmeet on 27-July
Along with Results Board To Consider Sub-Division of Shares
*ANGEL BROKING*
ICICI Prudential Mutual Fund
Sold 70,671 Shares in secondary market
📌 Stake Reduced Partially from 3.11% to 3.03%
Jefferies On Tata Motors
Buy Call
Target Rs 435
--
Nomura on Tata Motors
Neutral Call
Target Rs 353
--
MS on JSPL
Equal weight Call
Target Rs 535
--
Jefferies on Adani Ports
Buy Call
Target Rs 910
--
Jefferies on GAIL
Hold Call
Target Rs 150
@CNBC_Awaaz
Buy Call
Target Rs 435
--
Nomura on Tata Motors
Neutral Call
Target Rs 353
--
MS on JSPL
Equal weight Call
Target Rs 535
--
Jefferies on Adani Ports
Buy Call
Target Rs 910
--
Jefferies on GAIL
Hold Call
Target Rs 150
@CNBC_Awaaz