*Granules India clarifies on reports of company being sold to PE investors*
Pharmaceutical company Granules India on Monday said that the reports of the company being sold to some PE (private equity) investors that were floating in social media are 'false and malicious'. The management remains committed to the growth of the company, it said.
''This is to bring to your notice that, there were certain messages floating in social media on Friday, 9th July 2021 that the Company is being sold to some PE investors.
We would like to deny these messages as they are utterly false and malicious. The management continues to remain committed to the growth of the company,'' Granules India said in an exchange filing.
Separately, NSE bulk data showed that BNP Paribas Arbitrage acquired 28,56,834 equity shares in Granules at ₹362.27 per share on the NSE on July 9. Shares of Granules India closed over 7% higher to ₹366.4 per share on the BSE on Friday.
Granules India Limited is an Indian pharmaceutical manufacturing company based in Hyderabad, India, which is involved in manufacturing of several off-patent drugs like Paracetamol, Ibuprofen, Guaifenesin and Metformin. The company exports nearly 60% of itsrevenue to the US and Europe.
Pharmaceutical company Granules India on Monday said that the reports of the company being sold to some PE (private equity) investors that were floating in social media are 'false and malicious'. The management remains committed to the growth of the company, it said.
''This is to bring to your notice that, there were certain messages floating in social media on Friday, 9th July 2021 that the Company is being sold to some PE investors.
We would like to deny these messages as they are utterly false and malicious. The management continues to remain committed to the growth of the company,'' Granules India said in an exchange filing.
Separately, NSE bulk data showed that BNP Paribas Arbitrage acquired 28,56,834 equity shares in Granules at ₹362.27 per share on the NSE on July 9. Shares of Granules India closed over 7% higher to ₹366.4 per share on the BSE on Friday.
Granules India Limited is an Indian pharmaceutical manufacturing company based in Hyderabad, India, which is involved in manufacturing of several off-patent drugs like Paracetamol, Ibuprofen, Guaifenesin and Metformin. The company exports nearly 60% of itsrevenue to the US and Europe.
*IPO Updates*
*Tatva Chintan* dates confirmed now - 16 to 20 July
Price band approx 1100
*One Mobikwik Systems Limited* files DRHP.
*Jana Small Finance Bank* gets Sebi's go-ahead to float IPO.
*PayTM* to file DRHP this week.
*LIC* IPO gets CCEA’s green signal.
*Secondary Markets may remain subdued for some time now.*
*Tatva Chintan* dates confirmed now - 16 to 20 July
Price band approx 1100
*One Mobikwik Systems Limited* files DRHP.
*Jana Small Finance Bank* gets Sebi's go-ahead to float IPO.
*PayTM* to file DRHP this week.
*LIC* IPO gets CCEA’s green signal.
*Secondary Markets may remain subdued for some time now.*
*Good Morning & Welcome to Tuesday’s trading action at Dalal Street dated 13th of July 2021.*
SGX Nifty is indicating an explosive start for our stock markets on backdrop of a positive close at Wall Street in overnight trade. Expect Dalal Street to remain exited and maintain altitude all-thru today’s trading session.
*7 AM GLOBAL UPDATE*
• SGX Nifty (+113, 15801)
• DOW (+126, 34996)
• NASDAQ (+31, 14733)
• BRAZIL BOVESPA (+2166, 127594)
• NIKKEI (+273, 28842)
• HANG SENG (+179, 27694)
Our call of the day suggests that the optimistic ingredients are already baked in for Nifty to scale fresh all-time-highs. The ongoing bullish theme is quite likely as long as Nifty stays above its biggest support at the 15601 mark. We expect, Nifty to easily gallop to 15917 mark and then all bullish bets at magical 16000 mark.
Q1 earnings to trickle in today: MINDTREE. INFOSYS reports Q1 tomorrow
*OUTLOOK & INSIGHTS:*
• Global: Positive.
• FII: Negative (-745.97 Cr)
• DII: Positive (+447.42 Cr)
• F&O: 15600-16200 zone
• Trend: Up
• Sentiment: Bullish
• Technicals: Breakout
• Theme: Nifty 16000+
*All ABOUT NIFTY & BANK NIFTY*
*NIFTY (CMP 15693):*
• SUPPORT: 15601/15449
• RESISTANCE: 15917/16251
• RANGE: 15657-15857
• BIAS: Positive.
*BANK NIFTY (CMP 35199):*
• SUPPORT: 34631/33901
• RESISTANCE: 36001/37709
• RANGE: 34901-36101
• BIAS: Positive.
*THEME OF THE DAY:*
• Overnight at Wall Street, the major indexes largely kicked off the new week the same way they exited the last: chalking up more gains from all-time-high perches. The Dow (+0.4% to 34,996), S&P 500 (+0.4% to 4,384) and Nasdaq (+0.2% to 14,733) all finished with fresh closing highs.
• Technically speaking, Nifty’s biggest hurdles seen at its all-time-high at 15917 mark. So to gain momentum on the upside, Nifty needs to move above its all-time-high at 15917 mark.
Alternatively, if Nifty closes below the 15601 mark then it makes sense to sell first and then ask questions later. Expect waterfall of selling below 15601 mark with targets at 15449 mark and then at 15151-15201 zone.
Please note, Nifty’s 200DMA at 14107 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 15,500- 16200 range in near term.
• The options data for July series suggests Nifty is likely to be in a higher trading range of 15500-16200 as maximum Call OI is at 16000 followed by 15800 strike price. Maximum Put open interest stands at 15500 levels followed by 15000 levels. Call writing was seen at 15800 and then at 15700 strike price, while there was meaningful Put writing at 15800 and then at 15700 strike prices.
• After two straight months of witnessing growth in its subscriber base, Vodafone Idea showed a decline of 1.8 million users in the month of April, 2021. Reliance Jio continued to maintain its lead with a net addition of 4.8 million wireless users in the month, while rival Bharti Airtel added 0.5 million, according to data released by the Telecom Regulatory Authority of India (Trai) on Monday.
• *Stock banned in F&O segment:* GRANULES, IBULHSGFIN, IDEA, NATIONALUM, NMDC, PNB, SAIL.
• On the economy front, Investors’ get their first chance to react to the two economic numbers which trickled in yesterday —— post market hours:
1. Retail inflation easd slightly to 6.26% in June.
2. May IIP at 29.3%against a massive 134% rise in April and a 22.4% rise in March. When compared with May 2019, however, the industrial output showed a contraction of 13.4%.
*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.
SGX Nifty is indicating an explosive start for our stock markets on backdrop of a positive close at Wall Street in overnight trade. Expect Dalal Street to remain exited and maintain altitude all-thru today’s trading session.
*7 AM GLOBAL UPDATE*
• SGX Nifty (+113, 15801)
• DOW (+126, 34996)
• NASDAQ (+31, 14733)
• BRAZIL BOVESPA (+2166, 127594)
• NIKKEI (+273, 28842)
• HANG SENG (+179, 27694)
Our call of the day suggests that the optimistic ingredients are already baked in for Nifty to scale fresh all-time-highs. The ongoing bullish theme is quite likely as long as Nifty stays above its biggest support at the 15601 mark. We expect, Nifty to easily gallop to 15917 mark and then all bullish bets at magical 16000 mark.
Q1 earnings to trickle in today: MINDTREE. INFOSYS reports Q1 tomorrow
*OUTLOOK & INSIGHTS:*
• Global: Positive.
• FII: Negative (-745.97 Cr)
• DII: Positive (+447.42 Cr)
• F&O: 15600-16200 zone
• Trend: Up
• Sentiment: Bullish
• Technicals: Breakout
• Theme: Nifty 16000+
*All ABOUT NIFTY & BANK NIFTY*
*NIFTY (CMP 15693):*
• SUPPORT: 15601/15449
• RESISTANCE: 15917/16251
• RANGE: 15657-15857
• BIAS: Positive.
*BANK NIFTY (CMP 35199):*
• SUPPORT: 34631/33901
• RESISTANCE: 36001/37709
• RANGE: 34901-36101
• BIAS: Positive.
*THEME OF THE DAY:*
• Overnight at Wall Street, the major indexes largely kicked off the new week the same way they exited the last: chalking up more gains from all-time-high perches. The Dow (+0.4% to 34,996), S&P 500 (+0.4% to 4,384) and Nasdaq (+0.2% to 14,733) all finished with fresh closing highs.
• Technically speaking, Nifty’s biggest hurdles seen at its all-time-high at 15917 mark. So to gain momentum on the upside, Nifty needs to move above its all-time-high at 15917 mark.
Alternatively, if Nifty closes below the 15601 mark then it makes sense to sell first and then ask questions later. Expect waterfall of selling below 15601 mark with targets at 15449 mark and then at 15151-15201 zone.
Please note, Nifty’s 200DMA at 14107 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 15,500- 16200 range in near term.
• The options data for July series suggests Nifty is likely to be in a higher trading range of 15500-16200 as maximum Call OI is at 16000 followed by 15800 strike price. Maximum Put open interest stands at 15500 levels followed by 15000 levels. Call writing was seen at 15800 and then at 15700 strike price, while there was meaningful Put writing at 15800 and then at 15700 strike prices.
• After two straight months of witnessing growth in its subscriber base, Vodafone Idea showed a decline of 1.8 million users in the month of April, 2021. Reliance Jio continued to maintain its lead with a net addition of 4.8 million wireless users in the month, while rival Bharti Airtel added 0.5 million, according to data released by the Telecom Regulatory Authority of India (Trai) on Monday.
• *Stock banned in F&O segment:* GRANULES, IBULHSGFIN, IDEA, NATIONALUM, NMDC, PNB, SAIL.
• On the economy front, Investors’ get their first chance to react to the two economic numbers which trickled in yesterday —— post market hours:
1. Retail inflation easd slightly to 6.26% in June.
2. May IIP at 29.3%against a massive 134% rise in April and a 22.4% rise in March. When compared with May 2019, however, the industrial output showed a contraction of 13.4%.
*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 July Futures ended Monday’s session at a premium of +17 vs premium of +03.
• The 15th July expiry Put-Call Open Interest Ratio was at 0.56 for Nifty whereas it was 0.64 for Bank Nifty.
• The 15th July expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 1.00 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike Price, followed by 15700 Strike Price for 15th July Series. Short buildup was seen at strike prices 15800-15900.
• Maximum Put Open Interest (OI) was seen at strike price 15700 followed by 15600 strike prices for 15th July series. Long unwinding was seen at strike prices 15000-15300.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 36000 Strike Price and Maximum Put Open Interest stands at 35000 Strike Price.
• As per Monday’s Provisional Data available on the NSE, FIIs sold shares worth Rs. 745.97 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 447.42 crores in the Indian Equity market.
• Long Buildup: FEDERLBANK, UPL, DLF, ACC, GRASIM.
• Short Buildup: ADANIPORTS, HDFC, ADANIENT, HINDPETRO.
• Short Covering: ICICIBANK, LICHSGFIN, RELIANCE, NAMINDIA.
• Long Unwinding: VEDL, INDUSTOWER, AUBANK.
• Stocks banned in F&O segment: GRANULES, IBULHSGFIN, IDEA, NATIONALUM, NMDC, PNB, SAIL.
• New in Ban: GRANULES, IDEA, and NATIONALUM.
• Out of Ban: NIL.
8 AM.
*Market Summary:*
• Nifty July Futures ended Monday’s session at a premium of +17 vs premium of +03.
• The 15th July expiry Put-Call Open Interest Ratio was at 0.56 for Nifty whereas it was 0.64 for Bank Nifty.
• The 15th July expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 1.00 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike Price, followed by 15700 Strike Price for 15th July Series. Short buildup was seen at strike prices 15800-15900.
• Maximum Put Open Interest (OI) was seen at strike price 15700 followed by 15600 strike prices for 15th July series. Long unwinding was seen at strike prices 15000-15300.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 36000 Strike Price and Maximum Put Open Interest stands at 35000 Strike Price.
• As per Monday’s Provisional Data available on the NSE, FIIs sold shares worth Rs. 745.97 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 447.42 crores in the Indian Equity market.
• Long Buildup: FEDERLBANK, UPL, DLF, ACC, GRASIM.
• Short Buildup: ADANIPORTS, HDFC, ADANIENT, HINDPETRO.
• Short Covering: ICICIBANK, LICHSGFIN, RELIANCE, NAMINDIA.
• Long Unwinding: VEDL, INDUSTOWER, AUBANK.
• Stocks banned in F&O segment: GRANULES, IBULHSGFIN, IDEA, NATIONALUM, NMDC, PNB, SAIL.
• New in Ban: GRANULES, IDEA, and NATIONALUM.
• Out of Ban: NIL.
🔹 *STOCKS TO WATCH:*
RELIANCE, ASHOKA BUILDCON, SUNTECK REALTY, BHARTI AIRTEL, ONGC, DR. REDDY’S, VODAFONE IDEA
Reliance Industries: Jio - Adds Net 4.76m Mobile Customers In April – TRAI
Ashoka Buildcon: Co Got LoAFor National Highways Authority Of India Project || Accepted Bid Price Is 7.26b Rupees
Sunteck Realty: Co Says Pre-Sales Grows By 74% (Yoy) In Q1 Fy22 To 1.76b Rupees
Bharti Airtel: Co Adds Net 517,237 Mobile Customers In April – TRAI
ONGC: CCI Approves Proposed Acquisition Of 23.5% Equity Share Capital Of The Ongc Tripura Power Company By Summit India (Tripura)
Dr. Reddy's Lab: Sputnik V Second Dose Shortage To Delay India's Full Rollout – RTRS
Vodafone Idea: Co Loses Net 1.81m Mobile Customers In April – TRAI
🔹 *Stocks Ban In F&O:*
Granules, Indiabulls Housing, Idea, Nalco, NMDC, PNB, Sail
🔹 *Earnings Today:*
Mindtree, Tata Metaliks
RELIANCE, ASHOKA BUILDCON, SUNTECK REALTY, BHARTI AIRTEL, ONGC, DR. REDDY’S, VODAFONE IDEA
Reliance Industries: Jio - Adds Net 4.76m Mobile Customers In April – TRAI
Ashoka Buildcon: Co Got LoAFor National Highways Authority Of India Project || Accepted Bid Price Is 7.26b Rupees
Sunteck Realty: Co Says Pre-Sales Grows By 74% (Yoy) In Q1 Fy22 To 1.76b Rupees
Bharti Airtel: Co Adds Net 517,237 Mobile Customers In April – TRAI
ONGC: CCI Approves Proposed Acquisition Of 23.5% Equity Share Capital Of The Ongc Tripura Power Company By Summit India (Tripura)
Dr. Reddy's Lab: Sputnik V Second Dose Shortage To Delay India's Full Rollout – RTRS
Vodafone Idea: Co Loses Net 1.81m Mobile Customers In April – TRAI
🔹 *Stocks Ban In F&O:*
Granules, Indiabulls Housing, Idea, Nalco, NMDC, PNB, Sail
🔹 *Earnings Today:*
Mindtree, Tata Metaliks
AEGIS LOGISTIC
Aegis and Vopak announced a JV with the aim to grow together in the LPG, chemicals storage, and handling business. The new partnership, Aegis Vopak Terminals Ltd will operate a network of terminals that are currently located in 5 strategic ports
@CNBC_Awaaz
Aegis and Vopak announced a JV with the aim to grow together in the LPG, chemicals storage, and handling business. The new partnership, Aegis Vopak Terminals Ltd will operate a network of terminals that are currently located in 5 strategic ports
@CNBC_Awaaz
*Global-Market Insights*
-US indices notched more records ahead of earnings
-Banks and big technology shares lead the gains
-S&P500 up 15 points to 4385
-Dow up 126 & Nasdaq up 31 points
-Asian stocks following the trend
-Dollar gained against most major peers
-US June CPI data to release today, 0.4% increase expected lower than May
-Fed chair Powell's testimony tomorrow before congress will clear the way
-Crude oil slips to $75
-JP Morgan, Goldman Sachs, and Pepsi to present results today
-US indices notched more records ahead of earnings
-Banks and big technology shares lead the gains
-S&P500 up 15 points to 4385
-Dow up 126 & Nasdaq up 31 points
-Asian stocks following the trend
-Dollar gained against most major peers
-US June CPI data to release today, 0.4% increase expected lower than May
-Fed chair Powell's testimony tomorrow before congress will clear the way
-Crude oil slips to $75
-JP Morgan, Goldman Sachs, and Pepsi to present results today
*AEGIS LOGISTIC*
Aegis and Vopak announced a JV with the aim to grow together in the LPG, chemicals storage, and handling business. The new partnership, Aegis Vopak Terminals Ltd will operate a network of terminals that are currently located in 5 strategic ports
*Brokerage houses*
👉🏻CLSA maintains BUY on Suntech Realty, Target at Rs 440/share
👉🏻ICICI Sec initiates BUY on Burger 🍔 King, Target at Rs 200/share
👉🏻HSBC maintains BUY on DMart, Target at Rs 4,000/share
Aegis and Vopak announced a JV with the aim to grow together in the LPG, chemicals storage, and handling business. The new partnership, Aegis Vopak Terminals Ltd will operate a network of terminals that are currently located in 5 strategic ports
*Brokerage houses*
👉🏻CLSA maintains BUY on Suntech Realty, Target at Rs 440/share
👉🏻ICICI Sec initiates BUY on Burger 🍔 King, Target at Rs 200/share
👉🏻HSBC maintains BUY on DMart, Target at Rs 4,000/share
*PRICE BAND REVISION*
*📌 From 20% To 10%*
_ Equitas Holdings
_ Kitex Garments
_ Expleo Solutions
*From 10% To 5%*
_ Edelweiss Financials
EARNINGS TODAY
*Q1FY22 RESULTS Today *
*FNO*
MINDTREE
*CASH*
TATA METALIKS
*📌 From 20% To 10%*
_ Equitas Holdings
_ Kitex Garments
_ Expleo Solutions
*From 10% To 5%*
_ Edelweiss Financials
EARNINGS TODAY
*Q1FY22 RESULTS Today *
*FNO*
MINDTREE
*CASH*
TATA METALIKS