Stocks To Watch Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators' absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal production. Integrated zinc production was 188,000 tonnes, up 20% as compared
to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.
Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.
Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.
Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.
Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for 51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.
Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.
Zuari Agro Chemicals: Single super phosphate plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. Nitrogen, phosphorus and potassium A plant has been shut down due to unavailability of raw materials.
Sadbhav Infrastructure Projects: India Ratings has downgraded the credit rating
of the company to BBB+ from A-.
Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.
Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.
NBCC (India):Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.
Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.
to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.
Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.
Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.
Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.
Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for 51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.
Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.
Zuari Agro Chemicals: Single super phosphate plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. Nitrogen, phosphorus and potassium A plant has been shut down due to unavailability of raw materials.
Sadbhav Infrastructure Projects: India Ratings has downgraded the credit rating
of the company to BBB+ from A-.
Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.
Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.
NBCC (India):Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.
Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.
Shriram Transport Finance: Approved and allotted 1,300 senior secured rated, listed, principal protected market linked, redeemable, non-convertible debentures of face value of Rs 10 lakh each on private placement basis. Issue size is of Rs 85 crores plus green shoe option of Rs 50 crores.
Barbeque-Nation Hospitality: ICRA has upgraded the credit rating for the company’s bank facilities on a long-term scale to A- (stable). On the short-term scale, the rating assigned is A2+.
IFB Industries: Released its annual report. The company posted a net revenue from operations at Rs 2,800 crore, up 6.2%. Profit before tax increased by 74.2% year-on-year to Rs 2,322.4 crore. The company said it achieved success despite a bleak performance in first quarter due to shut down on account of Covid-19. It added that the increase in margin is largely on account of favourable product mix, price hike, reduction in material cost, scheme cost and overheads.
Cholamandalam Financial Holdings : Released its annual report. Ended FY21 with a total income stood at Rs 13,905 crore and profit after tax of Rs 1,764 crore. The NBFC subsidiary, Cholamandalam Investment and Finance Company closed the year with disbursements of Rs 26,043 crore and business assets under management of Rs 69,996 crore. Profit after tax grew by 44% to Rs 1,515 crore. Chairman MM Murugappan said FY21 was “extremely for the financial services industry, on account of the worldwide economic slowdown, coupled with stressed borrowers and a liquidity crunch in the market. He added that after battling disruptions during the first quarter, India's NBFCs grew at a slower pace in the second and third quarters of the year largely aided by the liquidity enhancing measures announced by the government.
Indian Bank: Received requisite prior approval of RBI for exercise of call option on bank's Outstanding Basel III Tier 2 Bonds Series I aggregating to Rs 600 crore.
Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary, has taken over the management control of Mumbai International Airport Limited from the GVK Group.
Skipper: Acuite has rated the company’s long-term bank facilities as A- (stable) and short-term bank facilities as A2+.
NIIT: Released its annual report. The company recorded a revenue of Rs 949.5 crore in FY21, up 7% year-on-year from Rs 889.2 crore. Ebitda more than doubled to Rs. 175.3 crore. Chairman Rajendra Pawar said it ssee a positive upswing in the future across all businesses. He said the strong balance sheet and liquidity position coupled with the opportunities opened up by large-scale digital disruption, have positioned NIIT as a leader in the spaces addressed by their corporate learning and skills and careers businesses.
HDFC Bank: Meeting on July 17 to consider raising funds via foreign currency debt
NMDC: Approves spinoff of NMDC Steel; NMDC Steel to issue equal number of shares they hold in the miner
NTPC:Plans to build 4.75gw solar park in Gujarat
Barbeque-Nation Hospitality: ICRA has upgraded the credit rating for the company’s bank facilities on a long-term scale to A- (stable). On the short-term scale, the rating assigned is A2+.
IFB Industries: Released its annual report. The company posted a net revenue from operations at Rs 2,800 crore, up 6.2%. Profit before tax increased by 74.2% year-on-year to Rs 2,322.4 crore. The company said it achieved success despite a bleak performance in first quarter due to shut down on account of Covid-19. It added that the increase in margin is largely on account of favourable product mix, price hike, reduction in material cost, scheme cost and overheads.
Cholamandalam Financial Holdings : Released its annual report. Ended FY21 with a total income stood at Rs 13,905 crore and profit after tax of Rs 1,764 crore. The NBFC subsidiary, Cholamandalam Investment and Finance Company closed the year with disbursements of Rs 26,043 crore and business assets under management of Rs 69,996 crore. Profit after tax grew by 44% to Rs 1,515 crore. Chairman MM Murugappan said FY21 was “extremely for the financial services industry, on account of the worldwide economic slowdown, coupled with stressed borrowers and a liquidity crunch in the market. He added that after battling disruptions during the first quarter, India's NBFCs grew at a slower pace in the second and third quarters of the year largely aided by the liquidity enhancing measures announced by the government.
Indian Bank: Received requisite prior approval of RBI for exercise of call option on bank's Outstanding Basel III Tier 2 Bonds Series I aggregating to Rs 600 crore.
Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary, has taken over the management control of Mumbai International Airport Limited from the GVK Group.
Skipper: Acuite has rated the company’s long-term bank facilities as A- (stable) and short-term bank facilities as A2+.
NIIT: Released its annual report. The company recorded a revenue of Rs 949.5 crore in FY21, up 7% year-on-year from Rs 889.2 crore. Ebitda more than doubled to Rs. 175.3 crore. Chairman Rajendra Pawar said it ssee a positive upswing in the future across all businesses. He said the strong balance sheet and liquidity position coupled with the opportunities opened up by large-scale digital disruption, have positioned NIIT as a leader in the spaces addressed by their corporate learning and skills and careers businesses.
HDFC Bank: Meeting on July 17 to consider raising funds via foreign currency debt
NMDC: Approves spinoff of NMDC Steel; NMDC Steel to issue equal number of shares they hold in the miner
NTPC:Plans to build 4.75gw solar park in Gujarat
World Markets
Dow - 107
Nasdaq - 56
Dax - 1
Nikkei -55
Hangseng -60
Sgxnifty - 14 (15791)
Brent Crude 76.35
Dow Fut + 21
Dollar Index 92.77
Dow - 107
Nasdaq - 56
Dax - 1
Nikkei -55
Hangseng -60
Sgxnifty - 14 (15791)
Brent Crude 76.35
Dow Fut + 21
Dollar Index 92.77
*SGX Nifty -34 pts (15800) from last trade 15834*
Nikkei -36 pts ,
Hangseng +2 pts ,
Now @6.52am .
Dow -107.39 pts ,Nsdq -55.59 pts, S&P -15.42 pts, Bovespa +573 pts , Ftse -0.70 pts , Dax -0.87 pts , Cac -0.78 pts , Crude @ $74.99 brl (-0.26), Brent @ $76.29 brl (-0.20) , Gold @ 1807.80 (-2.30), Silver @ $26.055 (-0.08), Euro @ $1.1776, JPY @ $110.57, INR @ 74.625
*Today's Corporate Action*
*14th Jul Ex Date*
LXCHEM
Final Dividend - Rs. - 0.5000
MAHEPC
Dividend - Rs. - 1.2000
SUPER
Final Dividend - Rs. - 2.5000
TINPLATE
Dividend - Rs. - 2.0000
UPL
Final Dividend - Rs. - 10.0000
WENDT
Final Dividend - Rs. - 20.0000
ZYDUSWELL
Final Dividend - Rs. - 5.0000
*Today's Key Results/Board Meetings*
*14-Jul-21*
5PAISA
General;Quarterly Results
ADESHWAR
Audited Results
AIML
Audited Results
ASIANTILES
Right Issue of Equity Shares; Issue Of Warrants; General; Preferential Issue of shares; Rights Issue
BGJL
Quarterly Results
CRAFTSMAN
Quarterly Results
DODLA
Audited Results
ESSARSEC
Quarterly Results
GGL
Quarterly Results
HATSUN
A.G.M.;Increase in Authorised Capital; Interim Dividend;General; Quarterly Results
INFY*
Audited Results;Quarterly Results
LTTS
Quarterly Results
MISHTANN
Interim Dividend; Quarterly Results
PALMJEWELS
Quarterly Results
RPEL
Quarterly Results
SHARMEH
Quarterly Results
TDSL
Audited Results
TINPLATE
Quarterly Results
UNIWSEC
Audited Results
VIKASECO
Audited Results; General; Quarterly Results
*Stock under F&O ban on NSE*
*14-Jul-21*
1GRANULES
2IDEA
3NATIONALUM
4NMDC
5PNB
6SAIL
7SUNTV
Nikkei -36 pts ,
Hangseng +2 pts ,
Now @6.52am .
Dow -107.39 pts ,Nsdq -55.59 pts, S&P -15.42 pts, Bovespa +573 pts , Ftse -0.70 pts , Dax -0.87 pts , Cac -0.78 pts , Crude @ $74.99 brl (-0.26), Brent @ $76.29 brl (-0.20) , Gold @ 1807.80 (-2.30), Silver @ $26.055 (-0.08), Euro @ $1.1776, JPY @ $110.57, INR @ 74.625
*Today's Corporate Action*
*14th Jul Ex Date*
LXCHEM
Final Dividend - Rs. - 0.5000
MAHEPC
Dividend - Rs. - 1.2000
SUPER
Final Dividend - Rs. - 2.5000
TINPLATE
Dividend - Rs. - 2.0000
UPL
Final Dividend - Rs. - 10.0000
WENDT
Final Dividend - Rs. - 20.0000
ZYDUSWELL
Final Dividend - Rs. - 5.0000
*Today's Key Results/Board Meetings*
*14-Jul-21*
5PAISA
General;Quarterly Results
ADESHWAR
Audited Results
AIML
Audited Results
ASIANTILES
Right Issue of Equity Shares; Issue Of Warrants; General; Preferential Issue of shares; Rights Issue
BGJL
Quarterly Results
CRAFTSMAN
Quarterly Results
DODLA
Audited Results
ESSARSEC
Quarterly Results
GGL
Quarterly Results
HATSUN
A.G.M.;Increase in Authorised Capital; Interim Dividend;General; Quarterly Results
INFY*
Audited Results;Quarterly Results
LTTS
Quarterly Results
MISHTANN
Interim Dividend; Quarterly Results
PALMJEWELS
Quarterly Results
RPEL
Quarterly Results
SHARMEH
Quarterly Results
TDSL
Audited Results
TINPLATE
Quarterly Results
UNIWSEC
Audited Results
VIKASECO
Audited Results; General; Quarterly Results
*Stock under F&O ban on NSE*
*14-Jul-21*
1GRANULES
2IDEA
3NATIONALUM
4NMDC
5PNB
6SAIL
7SUNTV
*Good Morning*
India Adviser Says Junking Bond Tax Cleanest Path to Euroclear
India Affirmed at BBB- by S&P On Recovery Potential, Outlook stable
India real GDP growth to rebound to 9.5% in 2022: S&P
India’s Job Market Recovering After Covid Second Wave: Naukri
Indian Court Seeks Regulator’s View on DHFL Investor’s Plea
PNB Housing-Carlyle Deal: SAT Questions SEBI’s Intervention: BQ
India Cumulative Monsoon Rainfall 6% Below Normal on July 13
Global Funds Buy Net INR1.14B of India Stocks on Tuesday: NSE
Domestic funds Buy net 3.44b rupees of stocks
Foreign Investors Sell Net INR4.91B of Indian Equities on July 12
Foreigners Sell Net INR29.5B of India Equity Derivatives Tuesday
Jaishankar meets Afghan counterpart ahead of key SCO meet: PTI
Launch of BHIM-UPI in Bhutan to further strengthen bilateral ties: PTI
12pm: India June Wholesale Price Inflation YoY, est. 12.18%, prior 12.94%
2pm: India Care Sales data for June
11am: India federal cabinet to meet
4pm: Council of ministers’ meeting
Bank of Maharashtra (BOMH): Sets QIP issue floor price at INR24.89 per share
HDFC Bank (HDFCB): Meeting on July 17 to consider raising funds via foreign currency debt
Hindustan Zinc (HZ): Says 1Q mined metal content up 9% y/y to 221,000 tons
Mindtree (MTCL): 1Q net income +62% y/y to 3.44b rupees, beats est. 3.08b; revenue +21% to 22.9b
NMDC (NMDC): Approves spinoff of NMDC Steel; NMDC Steel to issue equal number of shares they hold in the miner
NBCC India (NBCC): secures total business of INR2.06b in June
NTPC (NTPC):Plans to build 4.75gw solar park in Gujarat
Torrent Power (TPW): Says top court to hear Dadra/Daman DISCOM tender case; HC order suspending tender process stayed
Vedanta (VEDL): Says 1Q aluminum output rises 17% Y/y at 549,000 tons
Vodafone Idea (IDEA): Clarifies co. keeps exploring various fund raising options
Zuari Agro Chemicals (ZUAC): Says SSP plant in Mahad resume operations; shuts NPK A plant on unavailability of raw materials
India Adviser Says Junking Bond Tax Cleanest Path to Euroclear
India Affirmed at BBB- by S&P On Recovery Potential, Outlook stable
India real GDP growth to rebound to 9.5% in 2022: S&P
India’s Job Market Recovering After Covid Second Wave: Naukri
Indian Court Seeks Regulator’s View on DHFL Investor’s Plea
PNB Housing-Carlyle Deal: SAT Questions SEBI’s Intervention: BQ
India Cumulative Monsoon Rainfall 6% Below Normal on July 13
Global Funds Buy Net INR1.14B of India Stocks on Tuesday: NSE
Domestic funds Buy net 3.44b rupees of stocks
Foreign Investors Sell Net INR4.91B of Indian Equities on July 12
Foreigners Sell Net INR29.5B of India Equity Derivatives Tuesday
Jaishankar meets Afghan counterpart ahead of key SCO meet: PTI
Launch of BHIM-UPI in Bhutan to further strengthen bilateral ties: PTI
12pm: India June Wholesale Price Inflation YoY, est. 12.18%, prior 12.94%
2pm: India Care Sales data for June
11am: India federal cabinet to meet
4pm: Council of ministers’ meeting
Bank of Maharashtra (BOMH): Sets QIP issue floor price at INR24.89 per share
HDFC Bank (HDFCB): Meeting on July 17 to consider raising funds via foreign currency debt
Hindustan Zinc (HZ): Says 1Q mined metal content up 9% y/y to 221,000 tons
Mindtree (MTCL): 1Q net income +62% y/y to 3.44b rupees, beats est. 3.08b; revenue +21% to 22.9b
NMDC (NMDC): Approves spinoff of NMDC Steel; NMDC Steel to issue equal number of shares they hold in the miner
NBCC India (NBCC): secures total business of INR2.06b in June
NTPC (NTPC):Plans to build 4.75gw solar park in Gujarat
Torrent Power (TPW): Says top court to hear Dadra/Daman DISCOM tender case; HC order suspending tender process stayed
Vedanta (VEDL): Says 1Q aluminum output rises 17% Y/y at 549,000 tons
Vodafone Idea (IDEA): Clarifies co. keeps exploring various fund raising options
Zuari Agro Chemicals (ZUAC): Says SSP plant in Mahad resume operations; shuts NPK A plant on unavailability of raw materials