*Kiri Industries Ltd.* | *CMP* Rs. 519 | *M Cap* Rs. 1745 Cr | *52 W H/L* 679/395
(Nirmal Bang Retail Research)
*Result is declining*
Revenue from Operations came at Rs. 292.8 Cr (-19.3% QoQ, 169% YoY) vs QoQ Rs. 362.9 Cr, YoY Rs. 108.8 Cr
EBIDTA came at Rs. 20.1 Cr (-59.1% QoQ, -474.2% YoY) vs QoQ Rs. 49 Cr, YoY Rs. -5.4 Cr
EBITDA Margin came at 6.9% vs QoQ 13.5%, YoY -4.9%
Adj. PAT came at Rs. 90.6 Cr vs QoQ Rs. 116.2 Cr, YoY Rs. -57.7 Cr
Quarter EPS is Rs. 26.9
Share is trading at P/E of 4.4x TTM EPS

Trading Tweaks

Ex-Date AGM: Delta Corp, HLV, City Union Bank, The Ramco Cements, Pfizer, Ramco Industries, Voltas

Ex-Date Interim Dividend: Castrol India, Varun Beverages

Ex-Date Final Dividend: City Union Bank

Ex-Date Dividend: Kotak Mahindra Bank, Pfizer, Voltas

Ex-Date Special Dividend: Pfizer

Ex-Date Income Distribution: IRB InvIT Fund

Record Date Final Dividend: Honeywell Automation India

Record Date Interim Dividend: IIFL Wealth Management

Price Band Revised From 10% To 5%: Dhampur Sugar Mills

Move Into Short-Term ASM Framework: Venus Remedies, Future Consumer

Move Out Of Short-Term ASM Framework: Mahindra Logistics

Move Into ASM Framework: Jindal Stainless (Hisar)

Money Market Update

The rupee ended at 74.43 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.26.

📊 *Pre-Market Derivatives and Technical Set-up* 🌎📊✔️

◆

Nifty index opened flat to positive and made a new high of 16359 levels in the initial half of the day. However the second half of the session witnessed a sharp decline to 16200 followed by a recovery of 80 points in the last hour. It formed a Doji sort of candle on daily scale as it closed flat near to its opening levels

◆ Now it has to hold above 16250 zones to witness an up move towards 16400 then 16500 zones while on the downside support is seen at 16150 then 16000 levels

◆ India VIX moved up by 0.83% from 12.60 to 12.70 levels. Overall lower volatility indicates that bulls are holding the command and declines are being bought

◆ On Option front, Maximum Put OI is at 15000 followed by 16000 strike while maximum Call OI is at 16500 followed by 16300 strike. Minor Call writing is seen at 16500 then 16300 strike while Put writing is seen at 16200 then 15600 strike. Option data suggests a broader trading range in between 16000 to 16500 zones while an immediate trading range in between 16150 to 16400 zones

◆ Bank Nifty opened flattish and surpassed its previous day’s high and hit 36300 levels. It came out of its range and outperformed the broader market but follow up was again missing at higher zones. It formed a Bullish candle on daily scale with longer upper shadow

◆ Now it has to hold above 36000 zones to witness an up move towards 36250 then 36500 levels while on the downside support are seen at 35800 then 35500 levels 

◆ Bullish setup in Escorts, Cumminsind, Bhartiartl, Techm, Kotak Bank, Jublfood, Hcltech, HDFC, M&M, PVR, Wipro, Bata India and Axis Bank 

◆ Bearish setup in Manappuram, Nationalum, SAIL, Ibulhsgfin, Jindalstel, ZEEL, ShreeCem, MFSL, NMDC, Bank Baroda, RBL Bank, Suntv, PNB, Bharatforg, L&TFH, Mothersumi, Voltas, Lichsgfin and Srtransfin

Stocks to Watch: Godrej Agrovet, IFCI, Power Grid, RIL, SBI, Zomato

Informist, Wednesday, Aug 11, 2021 - Morning brief for the stock market:
 
TOP EVENTS TODAY
* Apr-Jun earnings to be detailed by:
Aaswa Trading and Exports
Gujarat State Fertilizers and Chemicals     
Pritish Nandy Communications
Acknit Industries
HEG
PTC India
Adarsh Plant Protect
Hemo Organic
Punjab Alkalies and Chemicals
Aksharchem India
High Street Filatex
Punjab Chemicals and Crop Protection
Alstone Textiles India
Hindustan Adhesives
Purshottam Investofin
Amalgamated Electricity Co
Hindustan Foods
PVP Ventures
Amani Trading and Exports
Hindustan Motors
Quantum Build-Tech
Ambalal Sarabhai Enterprises
IDFC
Quintegra Solutions
Ambika Cotton Mills
Inani Securities
Rajeswari Infrastructure
AMJ Land Holdings
Inceptum Enterprises
Rajnandini Metal
Andhra Pradesh Tanneries
India Cements Capital
Rajputana Investment and Finance
Antony Waste Handling Cell
India Cements
Raymed Labs
Apollo Finvest India
India Gelatine and Chemicals
Redex Protech
Aptech
Indian Infotech and Software
Regency Ceramics
Archidply Industries
Indian Toners and Developers
Remi Edelstahl Tubulars
Aries Agro
Indoco Remedies
Remi Securities
Ashiana Housing
Innovassynth Investments
Renaissance Global
Ashoka Refineries
Intec Capital
RHI Magnesita India
ASI Industries
International Data Management
RPSG Ventures
Asian Food Products
ISGEC Heavy Engineering
RR Metalmakers India
Asian Hotels (North)
Jackson Investments
Rudrabhishek Enterprises
Aster Dm Healthcare
JBM Auto
Rupa and Co
Atlas Jewellery India
K K Fincorp
Safari Industries (India)
Austin Engineering Co
Kamadgiri Fashion
Sagardeep Alloys
Bajaj Electricals
Kanoria Chemicals and Industries
Saurashtra Cement
Bannari Amman Sugars
Kavveri Telecom Products
Savani Financials
Bata India
KCP Sugar and Industries Corp
Schablona India
Bazel International
Khadim India
Shangar Decor
Bengal Steel Industries
Khoobsurat Ltd
Shankar Lal Rampal Dye-Chem
Beryl Drugs
Kirloskar Electric Co
Shiva Mills
BF Investment
Kirloskar Oil Engines
Shree Ganesh Biotech India
BF Utilities
Kitex Garments
Shreyas Shipping and Logistics
Bharat Parenterals
Kkalpana Plastick
Sicagen India
Bharat Rasayan
KLG Capital Services
Siel Financial Services
Bharat Road Network
KMG Milk Food
Silicon Valley Infotech
Bilcare
Kolte Patil Developers
SMC Global Securities
Birla Cable
Kovilpatti Lakshmi Roller Flour Mills
Sofcom Systems
Blue Coast Hotels
Kratos Energy and Infrastructure
Som Distilleries and Breweries
BN Rathi Securities
Kuber Udyog
Southern Latex
BNK Capital Markets
Kumbhat Financial Services
Southern Magnesium and Chemicals
Cadila Healthcare
Lakshmi Automatic Loom Works
Spaceage Products
CESC
Laser Diamonds
Span Divergent
Chemiesynth (Vapi)
Le Lavoir
Stanpacks India
Chitradurga Spintex
Leena Consultancy
Stanrose Mafatlal Investments and Finance
CHL
Lehar Footwears
Starlite Components
Comfort Commotrade
Lemon Tree Hotels
Steel City Securities
Comfort Intech
Liberty Shoes
Sterling Tools
Commercial SYN Bags
Likhitha Infrastructure
Stovec Industries
Consolidated Construction Consortium
Link Pharma Chem
Sun and Shine Worldwide
Coral Newsprints
Lumax Auto Technologies
Sunil Agro Foods
Cranes Software International
Madras Fertilizers
Superior Industrial Enterprises
CreditAccess Grameen
Maha Rashtra Apex Corp
Suprajit Engineering
CRP Risk Management
Manaksia Coated Metals and Industries
Suryo Foods and Industries
CSL Finance
Manaksia Ltd
SW Investments
Cummins India
Manaksia Steels
Swadeshi Polytex 
Dalal Street Investments
Marksans Pharma
Swagtam Trading and Services
Datiware Maritime Infra
MAS Financial Services
Sylph Education Solutions
Decorous Investment and Trading Co
MFS Intercorp
Take Solutions
Delton Cables
Modipon
Talbros Automotive Components
Dhanlaxmi Cotex
Mukand Engineers
Tea Time

Dhenu Buildcon Infra
Mukand Ltd
Technojet Consultants
Dhunseri Tea and Industries
Narendra Properties
Telecanor Global
Dhunseri Ventures
National Peroxide
Texmaco Infrastructure and Holdings
Diamines and Chemicals
National Plastic Industries
Texmaco Rail and Engineering
Diana Tea Co
Natura Hue Chem
Thangamayil Jewellery
DIC India
Navneet Education
The Andhra Sugars
Dr Habeebullah Life Sciences
NB Footwear
The New India Assurance Co
Dynamic Portfolio Management and Services      
Neptune Exports
The Western India Plywoods
Eastern Treads
Nesco
Times Guaranty
Empire Industries
Nitco
Timex Group India
Endurance Technologies
North Eastern Carrying Corp
Tivoli Construction
Epic Energy
Novartis India
Touchwood Entertainment
Epsom Properties
Nutech Global
TPL Plastech
Equitas Holdings
Odyssey Technologies
Trigyn Technologies
Essar Shipping
Orient Abrasives
Ugro Capital
ETT
Orient Green Power Co
Ultramarine and Pigments
Everlon Synthetics
Orient Refractories
Union Quality Plastics
Evexia Lifecare
Oseaspre Consultants
United Leasing and Industries
Faze Three Autofab
Oswal Overseas
Urja Global
Flex Foods
Padmanabh Industries
VA Tech Wabag
Force Motors
Panasonic Carbon India Co
VB Desai Financial Services
Gallops Enterprise
Patel Integrated Logistics
Vibrant Global Capital
Garware Marine Industries
Pee Cee Cosma Sope
VIP Industries
Garware Technical Fibres
Pennar Industries
VKJ Infradevelopers
GE Power India
Permanent Magnets
W S Industries (I)
GEE
Photon Capital Advisors
Wellesley Corp
GFL
Piccadily Agro Industries
Welspun Investments and Commercials
GIC Housing Finance
Piccadily Sugar and Allied Industries
West Leisure Resorts
Goenka Diamond and Jewels
Picturehouse Media
Williamson Financial Services
Gokul Refoils and Solvent
Pidilite Industries
Wim Plast
Golden Carpets
Pilani Investment and Industries Corp
Winsome Textile Industries
Greaves Cotton
PNC Infratech
Yarn Syndicate
GTL
Prag Bosimi Synthetics
 
Gufic Biosciences
Praj Industries
 
 
* Board Meetings of:
+ GEE, to consider bonus share issue
+ ICDS, to consider voluntary delisting of shares
+ Patel Integrated Logistics, to consider rights share issue
+ TPL Plastech, to consider bonus share issue
 
* Annual General Meetings of: Bajaj Electricals, BN Rathi Securities, Cadila Healthcare, Epsom Properties, Greaves Cotton, ITC, Karur Vysya Bank, Lupin, Metropolis Healthcare, Nesco, Norben Tea and Exports, Pidilite Industries, Praj Industries, Redington (India), Safari Industries (India), Satin Creditcare Network, Stanpacks (India), Sundaram Brake Linings, Take Solutions, Usha Martin, Venky's (India) 
 
INDICATORS (previous session)
* NSE provisional net buy/(sell) in bln rupees, Aug 10: FIIs (1.79), DIIs 6.89
* Institutional net buy/(sell) in bln rupees, Aug 9: FIIs 4.45
* FII NSE futures net buy/(sell) in bln rupee, Aug 10: index (2.88), stock 4.7
* Sensex: 54554.66, up 151.81 points; Nifty 50: 16280.10, up 21.85 points
* Crude: $68.29/bbl; Rupee: 74.4275/$1; Gold: $1,731.7/ounce; 10-year yield: 6.2327%
 
GLOBAL MARKETS
* US  : The S&P 500 and the Dow Jones Industrial Average closed at record highs on Tuesday, led by gains in economically-sensitive stocks after the US Senate passed the $1 trln infrastructure package.
* Asia: Markets in Asia were mixed today. While some rose tracking the overnight gains on Wall Street after the US Senate passed the $1 trln infrastructure package, gains were limited as investors continued to assess the economic impact of the rising COVID-19 cases.
 
DOMESTIC OUTLOOK
* Global cues point to a positive start for domestic equities with Nifty 50 likely to open around 16300 points, but in the broader market, analysts expect profit-booking to continue in mid-cap and small-cap stocks today.
 
IPO WATCH
=========
* Aptus Value Housing Finance India's initial public offer was subscribed 0.24 times on the first day, with the company receiving bids for 13.08 mln shares against 55.13 mln shares on offer. (Informist)

 
* CarTrade Tech's initial public offering was subscribed 0.99 times on the second day. The company received bids for 12.89 mln shares against 12.97 mln shares on offer. (Informist)
 
* Chemplast Sanmar's initial public offering was subscribed 0.16 times on the first day, with the company receiving bids for 6.5 mln shares against 39.1 mln shares on offer, excluding the anchor investor portion. (Informist)
 
* Nuvoco Vistas Corp's initial public offering was subscribed 0.29 times on the second day. The company received bids for 18.25 mln shares against 62.5 mln shares on offer. (Informist)
 
* Laboratory equipment maker Tarsons Products has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering to raise 1.5 bln rupees through a fresh issue of shares. (Informist)
 
 
EARNINGS FOR APR-JUN
====================
* Ashoka Buildcon
      (PAT 1.01 bln rupees, up 46.72% YoY
       Net revenue 10.11 bln rupees, up 76.7% YoY)
 
* Century Plyboards
      (PAT 338.87 mln rupees vs 84.92 mln rupees loss
       Net revenue 4.49 bln rupees, up 123.69% YoY)
 
* Cochin Shipyard
      (PAT 322.84 mln rupees, down 24.30% YoY
       Net revenue 3.29 bln rupees, down 0.92% YoY)
 
* Galaxy Surfactants
      (Consol PAT 768.2 mln rupees, up 35.99% YoY
       Consol net revenue 8.26 bln rupees, up 36.11% YoY)
 
* Godrej Agrovet
      (Consol PAT 1.06 bln rupees, up 19.74% YoY
       Consol net revenue 19.93 bln rupees, up 28.22% YoY)
 
* Gujarat Alkalies & Chemicals
      (Consol PAT 631.2 mln rupees, up 98.43% YoY
       Consol net revenue 7.16 bln rupees, up 52.56% YoY)
 
* IFCI
      (Consol loss 7.02 bln rupees vs 3.02 bln rupees loss
       Consol net revenue 3.92 bln rupees, down 35.53% YoY)
 
* Infibeam Avenues
      (Consol PAT 140.7 mln rupees, up 18.14% YoY
       Consol net revenue 2.16 bln rupees, up 120.30% YoY)
 
* IRB Infrastructure Developers
      (Consol PAT 719.07 mln rupees vs 301.37 mln rupees loss
       Consol net revenue 16.26 bln rupees, up 59.03% YoY)
 
* Linde India
      (Consol PAT 724.95 mln rupees, up 266.04% YoY
       Consol net revenue 5.19 bln rupees, up 109.23% YoY)
 
* Power Grid Corp of India
      (Consol PAT 59.98 bln rupees, up 192.82% YoY
       Consol net revenue 102.16 bln rupees, up 8.03% YoY)
 
* Prestige Estates Projects
      (Consol PAT 573 mln rupees, up 3481.25% YoY
       Consol net revenue 14.16 bln rupees, up 11.16% YoY)
 
* V-Mart Retail
      (Loss 287.14 mln rupees vs 336.37 mln rupees loss
       Net revenue 1.77 bln rupees, up 127.27% YoY)
 
* Zomato
      (Consol loss 3.56 bln rupees vs 998 mln rupees loss
       Consol net revenue 8.44 bln rupees, up 217.44% YoY)
 
 
SECTOR NEWS
===========
* BANKING: The Reserve Bank of India has directed banks to strengthen their systems to monitor the availability of cash in automated teller machines, and has asked them to ensure timely replenishment to avoid cash-outs. (Informist)
 
* HEALTHCARE: The government has approved Bharat Biotech International's Ankleshwar unit in Gujarat for production of the COVID-19 vaccine Covaxin, Health Minister Mansukh Mandaviya said in a tweet. (Informist)
 
The government has called the trend of rising coronavirus cases in some states a cause for concern, as these states have a COVID-19 reproduction number of more than 1. Reproduction number or Rt measures the number of people who catch the virus from one infected person on average, and indicates the pace of transmission. (Informist)
 
The Delta Plus variant of SARS-CoV-2 has not shown any potential to cause an exponential surge in COVID-19 infections with only 86 cases of the variant reported over the last four months in the country, the health has ministry said. (Informist)
 
* INSURANCE: The easing of strict lockdowns across several states and a low base of last year saw the individual annualised premium equivalent premiums of the life insurance industry grow 15% year-on-year in July. (Informist)

 
* TELECOMMUNICATION: To ensure that the sector remains a viable place for continued investments, the government and regulators need to step in, believes BHARTI AIRTEL Chairman Sunil Mittal. He said the industry requires long overdue support to maintain its current '3+1' structure. (Informist)
 
 
STOCKS
======
* BANK OF BARODA: Will keep its marginal cost of funds-based lending rates across loan tenures unchanged from Thursday. (Informist)
 
* BERGER PAINTS INDIA: Has entered into a novation agreement, wherein Isaac Newton Corp will replace Nippon Paint Automotive Coatings Co Ltd in its joint venture with the company through a share purchase agreement. (Informist)
 
 * FUTURE RETAIL: Lenders to the Future Group are in talks with the retail giant as well as Reliance Retail to figure out alternative means of debt resolution for the company in the wake of the Supreme Court's verdict on Friday, according to two bankers. (FE)
 
* GMR INFRASTRUCTURE: Board will meet on Friday to consider raising up to 60 bln rupees, in one or more tranches, through issue of securities including qualified institutional placement or foreign currency convertible bonds and/or any other securities. (Informist)
 
* HINDUJA GLOBAL SOLUTIONS: Will transform itself into a technology-led player by acquiring new capabilities, and reward shareholders with $1.2 bln to be received after selling its healthcare business. (Informist)
 
* PG ELECTROPLAST: Is shifting its focus towards making white goods as the company hopes to grow its topline and improve its margins, according to Vikas Gupta, managing director - operations. This marks a departure from the company's mainstay polymer product business, even though it will part of the mix, said Gupta. (Informist)
 
* PRESTIGE ESTATES PROJECTS: The board has approved raising up to 10 bln rupees through non-convertible debentures. (Informist) 
 
* RELIANCE INDUSTRIES: Is weighing a bid for Deutsche Telekom AG's Netherlands subsidiary, sources said. (BB) 
 
* STATE BANK OF INDIA: Yamuna International Airport has achieved financial closure and has raised 37.25 bln rupees from the bank for development of Noida International Airport. (Informist) 
 
* TRIDENT: The production of bed linen under its home textiles division declined 5.5% on year to 2.9 mln mtr in July. (Informist)
 
* UJJIVAN SMALL FINANCE BANK: Restructured loans worth 7.69 bln rupees as at the end of June, of which the largest was from the microbanking portfolio at 7.10 bln rupees. (Informist)
 
* VEDANTA: Scrapping retrospective taxes will help resolve ongoing tax litigations worth 220 bln rupees, Chairman Anil Agarwal has said. (Informist)
 
Is looking to invest up to $20 bln across its businesses, which includes doubling of silver production and steel capacities. (BS)
 
* VODAFONE IDEA: The company moved the Supreme Court on Tuesday, seeking a review of its Jul 23 order that dismissed the petitions of telecom firms for a re-computation of adjusted gross revenue dues. (BS)
 

Economy to return growth by March 2022, banks NPAs to regain normalcy late: Moody's

https://economictimes.indiatimes.com/news/economy/indicators/economy-to-return-growth-by-march-2022-banks-npas-to-regain-normalcy-late-moodys/articleshow/85210146.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

Pledge Share Details

JSW Energy: Promoter JSW Investments revoked pledge of 12.40 lakh shares on August 6.

Stocks To Watch

SBI Life Insurance Company: The company is liable to refund Rs 84 crore plus interest amounting to Rs 27 crore with effect from July 11, 2017, for its Supersuraksha Life Insurance Policy on orders of the Insurance Regulatory and Development Authority of India, according to an exchange filing. The company is examining legal remedies after the Supreme Court upheld the IRDAI order on July 26, 2021. For Dhanaraksha Life Insurance Policy, SBI Life was originally directed to refund a sum of Rs 275 crore.

Ujjivan Small Finance Bank: Restructured book at Rs 769 crore as of June 30. Provisions on book at Rs 1,149 crore. MicroBanking GNPA at 11.6%, Affordable Housing GNPA at 4.5% and MSE GNPA at 11.6%.

Rattanindia Enterprises: To make a strategic investment in U.S.-based Matternet,an urban drone logistics platform. With this investment, REL has forayed into the deep-tech Unmanned Aerial Vehicle industry.

Capacite Infraprojects: The company’s orderbook stood at Rs 8,871 crore as on June 30. 61% of the orderbook comprised of public sector orders and 39% comprised of private sector orders.

GMR Infrastructure: Board to meet on August 13 to consider raising up to Rs 6,000 crore in one or more tranches through issue of securities including a QIP and/or FCCBs. Insecticides (India): Closed buyback on August 10. The company bought back 9.35 lakh equity shares, at an average price of Rs 525.35 per equity share, for an aggregate amount of Rs 49.16 crore.

Chalet Hotels: Appointed Milind Wadekar as Chief Financial Officer effective August 10.

Karnataka Bank: The bank is in the process of upgrading its technological platforms and is proposed to undertake tech migration activity between August 14-17. Even though all the necessary alternate arrangement is put in place to ensure normal banking operations during this period, the probability of unanticipated technical glitches can’t be totally ruled out, the bank said.

Earnings: Bata India, Pidilite Industries, Cadila Health, Bajaj Electricals, Cummins India, Aster DM Healthcare, CESC, CreditAccess Grameen, Endurance Technologies, IDFC, Equitas Holdings, Gujarat State Fertilizers & Chemicals, HEG, India Cements, Indoco RemediES, ISGEC Heavy Engineering, Force Motors, The New India Assurance Company, Garware Technical Fibres, GE Power India, PNC Infratech, Greaves Cotton, Ambika Cotton Mills, Aptech, Ashiana Housing,Antony Waste Handling Cell, Bannari Amman Sugars, BF Utilities, Evexia Lifecare, GFL, GIC Housing Finance, Gufic Biosciences, Hindustan Foods, JBM Auto, Kanoria Chemicals & IndustrieS, Khadim India, Kirloskar Oil Engines, Kolte-Patil Developers, Lemon Tree Hotels, Likhitha Infrastructure, Lumax Auto Technologies, VIP Industries, Marksans Pharma, Suprajit Engineering, MAS Financial Services, Mukand National Peroxide, Nesco, Novartis India, Punjab Alkalies & Chemicals, Praj Industries, PTC India, Punjab Chemicals And Crop Protection, Renaissance Global, Rhi Magnesita India, RPSG Ventures, Rupa & Company, Safari Industries (India), Saurashtra Cement, SMC Global Securities, Sterling Tools, Stovec Industries, Take Solutions, Texmaco Infrastructure & Holdings, Texmaco Rail & Engineering, Thangamayil Jewellery, Ugro Capital, Ultramarine & Pigments, VA Tech Wabag, Wim Plast

World Markets

Dow + 163
Nasdaq - 72
Dax + 25
Nikkei + 152
Hangseng - 85
Sgxnifty + 23 (16293)
Brent Crude 70.75
Dow Fut - 13
Dollar Index 93.11

Stocks Ban In F&O:
Canara Bank,
Indiabulls Hsg,
Nalco,
PNB,
RBL Bank,
Sail,
Sun TV

GM jsk stock in news irb,vedl,sail,jswsteel,dwarkesh avadh,balrampur,mawana,cams,jkumar,tel,Mirza,bata,camlin,starcem,maxhealth,Dixon,mrabector,transformer&rectif,ashokabuild,pidilite,ttml,jspl,ril. Negative stocks cochinship,Zomato. Nifty range 16125-16350.

Who’s Meeting Whom

CRISIL: To meet ASK Investment on August 12 and White Oak on August 13.

*Business News Headlines* 🇮🇳

*Economic Times*

Ø Reliance weighing bid for T-Mobile Netherlands: Report
Ø Hero bets big on EVs, ready for cash-burn
Ø Tata Group in talks with Telesat for satellite broadband
Ø IHCL board okays raising Rs 250 crore in long-term funds
Ø Sapphire Foods raises Rs 1,150 cr from PEs to fund expansion
Ø NSE-BSE bulk deals: Madhusudan Kela, Sunil Singhania buy stake in Dynamatic Tech
Ø Vodafone open to settling retrospective tax row with India
Ø NSE to add 10 stocks to F&O from August 27
Ø NFO rush makes July inflows in equity MFs highest in 27 months
Ø Vedanta committed to bring in investments of up to $20 billion across businesses: Agarwal
Ø Real estate sector demands circle rate reduction in NCR

*Business Standard*

Ø Industry needs long overdue support to maintain 3+1 structure: Sunil Mittal
Ø Vodafone Idea files review petition in apex court on AGR dues
Ø Eveready gets a new joint managing director in Suvomoy Saha
Ø SAT stays Biocon insider trading order
Ø Reliance New Energy Solar Ltd to invest $144 million in Ambri Inc
Ø Banks' asset risks rise, but credit strength to stay intact: Moody's
Ø Bombay Stock Exchange aims at 60 SME platform listing in 2021-22
Ø NSE to go live with top 50 US stocks in first phase at GIFT City
Ø India companies seal 181 deals worth $13.2 billion in July: Report
Ø Telecom needs 'long overdue support' to keep 3+1 structure: Sunil Mittal

*Financial Express*

Ø RBI to penalise banks for non-availability of cash in ATMs from October 1
Ø Indian retail investors to transact in US stocks: NSE IFSC
Ø Exports up over 50 pc to USD 7.41 bn during August 1-7
Ø Motherson Sumi reports Q1 net profit at Rs 367.65 cr
Ø JSW Steel output grows 11 pc to 13.82 LT in July
Ø Benchmark bond yield falls as crude oil prices soften
Ø RBI to pump Rs 50,000 crore via G-SAP 2.0 in August
Ø Chris Wood not giving up on US gold and gold mining stocks; may add Bitcoin holdings if prices fall
Ø L&T continues to focus on shareholder value creation by divesting non-core assets: A M Naik
Ø Yields rise on CPI revision, liquidity normalisation move

*Mint*

Ø Sebi fines 11 entities for violations related to dealing in Videocon Industries
Ø US Senate passes bipartisan $1 trillion infrastructure bill
Ø Privatization of banks should not need an alibi
Ø RattanIndia to make strategic investment in US-based drone platform Matternet
Ø Vedanta to invest upto $20 billion across businesses: Agarwal
Ø Finance Ministry releases ₹9,871 cr to 17 states as revenue deficit grant
Ø India's e-commerce market continues to grow at 5% rate per annum, says govt
Ø Cairn says 'monitoring situation' after India proposes to bury retro tax
Ø Reliance announces doubling of PET bottles recycling capacity
Ø EVTRIC Motors unveils B2B electric delivery scooter at EV Expo 2021
Ø BSE's India INX to allow trading in foreign stocks
Ø The global demand boost from a leap in pandemic-time savings

22 Indians firms included in Forbes Asia's inaugural '100 to Watch' list
https://mybs.in/2ZgeBCA

*Good Morning*
• India Companies Asked to Disclose Cryptocurrency Deal Details
• U.S. Sanctions on Belarus Potash Leave Out Its Sole Seller
• India Automobile Group Siam Seeks Clarity on Equalization Tax
• Saverin-Backed Exchange Becomes India’s First Crypto Unicorn
o Facebook co-founder leads $90 million fundraising round
• Ambani’s Reliance Said to Weigh Bid for T-Mobile Netherlands
• TPG-Backed PharmEasy Owner Is Said to Mull $1 Billion Mumbai IPO
• Global Banks Unwind Lucrative India Trades After RBI Warning
o India ordered them to limit holdings of U.S. Treasuries
• RBI Asks Banks to Ensure ATM Cash Availability Under New Rules
• Greece Is Set to Import Rare Cargo of Jet Fuel From India
• India Sensex Climbs to a Record as Telecom, Tech Firms Lead Gain
• India Cumulative Monsoon Rainfall 5% Below Normal as of Aug. 10
• Global Funds Sell Net INR1.79b of India Stocks on Tuesday: NSE
o Domestic funds sell net 7.15b rupees of stocks
• Foreign Investors Buy Net INR4.45B of Indian Equities on Aug. 9
• Foreigners Sell Net INR6.62B of India Equity Derivatives Tuesday
• Foreign Outflows From India Bonds Gain Momentum
• Capacit’e Infraprojects (CAPACITE): Orderbook at INR88.71b as of June 30
• GMR Infrastructure (GMRI): To consider raising funds in Aug. 13 meeting
• Godrej Agrovet (GOAGRO): 1Q net income +20% y/y to 1.06b rupees, est. 1.15b
• IRB Infrastructure (IRB): 1Q net income 719.1m rupees vs. loss 301.4m y/y, beats est. 224.8m; revenue +60% y/y to 16.3b
• Power Grid (PWGR): 1Q net income 60.9b rupees vs. 19.79b y/y, beats est. 31b; revenue +9% y/y to 97.8b; 1Q has INR31.7b profit on sale of PGInvIT units
• Prestige Estates (PEPL): 1Q net income 573m rupees vs. 16m Y/y; revenue +12% y/y to 14.2b
• RattanIndia (RATI): To make strategic investment in Drone Firm Matternet
• SBI Life Insurance (SBILIFE): Liable to Refund Money With Interest on Some Policies
• Siemens India (SIEM): Net income 1.62b rupees vs. loss 46.0m rupees y/y, est. 2b
• Trent (TRENT): 1Q net loss 837.6m rupees, est. loss 902m; revenue 3.27b, beats est. 3.05b
• Zomato (ZOMATO): 1Q net loss of 3.56b rupees vs. loss 1.31b q/q, adj. revenue 11.6b rupees, +26% q/q

Insider Trades

JSW Energy: Promoters (Urmila Kanoria and Narmada Fintrade) bought 30,000 shares on August 4.

Kotak Mahindra Bank: Promoter Janak Desai sold 3,000 shares between August 9-10.

Shiva Cement: Promoter Anushree Jindal bought 88,000 shares between August 4-5.

*SGX Nifty +10 pts (16280) from last trade 16270 ,*


Nikkei +165 pts ,
Hangseng -114 pts ,
Now @7.00am .


Dow -162.82 pts ,Nsdq -72.09 pts, S&P
+4.40 pts, Bovespa -816 pts , Ftse +28 pts  , Dax +25 pts , Cac +7 pts , Crude @ $68.39 brl (+0.10), Brent @ $70.73 brl (+0.10) , Gold @ 1728.00 (-3.70), Silver @ $23.29 (-0.10), Euro @ $1.1713, JPY @ $110.65,  INR @ 74.435







*Today's Corporate Action*
*11th  Aug Ex Date*



CASTROLIND
Interim Dividend - Rs. - 2.5000
CUB
Final Dividend - Rs. - 0.2000
GPTINFRA
Final Dividend - Rs. - 1.0000
IRBINVIT
Income Distribution (InvIT)
KOTAKBANK
Dividend - Rs. - 0.9000
PFIZER
Dividend - Rs. - 30.0000
PFIZER
Special Dividend - Rs. - 5.0000
VBL
Interim Dividend - Rs. - 2.5000
VOLTAS
Dividend - Rs. - 5.0000





*Today's Key Results/Board Meetings*
*11-Aug-21*



Cadila Healthcare, Aptech, Aries Agro, Ashiana Housing, Aster DM Healthcare, Antony Waste Handling Cell, Bajaj Electricals, Bata India, BF Utilities, Birla Cable, Bharat Road Network, CESC, CreditAccess Grameen, Cummins India, Endurance Technologies, Equitas Holdings, Force Motors, Greaves Cotton, HEG, IDFC, India Cement, Kolte-Patil Developers, Lemon Tree Hotels, Novartis India, Pidilite Industries, PNC Infratech, Rupa & Company, Take Solutions, VIP Industries, and VA Tech Wabag will release their quarterly earnings on August 11.




*Stock under F&O ban on NSE*
*11-Aug-21*




1CANBK
2IBULHSGFIN
3NATIONALUM
4PNB
5RBLBANK
6SAIL
7SUNTV

🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 11 Aug/श्रावण मास(Wednesday) वर्ष ऋतू {कृष्ण पक्ष}


Today's top News

1. More than 51 crore 45 lakh COVID-19 vaccine doses administered so far; Recovery Rate stands at 97.4%.

2. The Lok Sabha on 10 Aug (Tuesday) passed the Constitution 127th Amendment Bill, 2021 with unanimous support from the House and not a single vote against.

3. The Constitution 127th Amendment Bill, 2021 seeks to restore the power of State governments to identify Other Backward Classes that are socially and economically backward after a Supreme Court order in May 2021. The bill should be considered as the 105th Constitution Amendment bill after being renumbered.

4. The 127th Amendment Bill proposes to insert three new articles in the Constitution:-

*Article 342A* – deals with the Central List of the socially and educationally backward classes. The Bill proposes to authorise the States to have their own list of socially and educationally backward class (SEBC) [342A(3).

*Article 366(26C)–* defines the socially & educationally backward classes as such backward. classes as are so deemed under article 342A for the purposes of the Central Government or the State or Union territory.

*Article 338B* – has constituted the National Commission for Backward Classes. The Bill adds a provison to the article, proposing that this clause shall not be applicable to Article 342A(3) i.e., States/ Union Territories power to make their own list.

5. The Bill seeks to empower the State Government and Union territories to prepare and maintain their own State List/ Union territory List of socially and educationally backward class (SEBC)s and with a view to maintain the federal structure of this country.

6. Ujjwala 2.0 Gas connection scheme launched by PM Modi, he said scheme is to provide maximum benefit to lakhs of migrant labour families.

7. Govt to organise Fit India Freedom Run 2.0 throughout country as a part of Azadi Ka Amrit Mahotsav celebrations.

8. The state governments cannot withdraw pending criminal cases against MPs and MLAs without the approval of the high courts, the Supreme Court said.

9. The Central Information Commission (CIC) has ordered the disclosure of the total number of EVMs and VVPATs that showed defects and errors during testing and evaluation of their firmware by the Standardization, Testing and Quality Certification (STQC) Directorate.

10. The RBI will start imposing penalty on banks in case the ATMs remain out-of-cash for a total period of 10 hours in a month from October 1, 2021, onwards.

11. 99.9% students passed Class 10 SSLC exams in Karnataka, says state Education Minister BC Nagesh.

12. Andhra Pradesh CM Y.S. Jagan Mohan Reddy has called for a full-fledged survey of Wakf lands across the state and to protect them besides establishing a Wakf tribunal in Kurnool. He also said that there was an urgent need to construct new cemeteries for minority sections in the current fiscal. He urged officials to ensure payment of honorarium to imams, mouzans and pastors promptly.

13. Kerala Governor Arif Mohammad Khan, speaking at a book launch event, said Triple Talaq Cases Dropped By 80% After Enactment Of Law.

14. Punjab Police on 10 Aug (Tuesday) seized 13.72 kg heroin from a village near the India-Pakistan border.

15. Haryana Extends Lockdown Till August 23; Lifts Curbs On Malls, Shops.

16. Mumbai Local Trains Open From August 15 To Fully Vaccinated People. People can take passes either from app or from offices.

17. The Education Department of Delhi has issued Standard Operating Procedures (SOP) for the reopening of schools in the state for the students of 10 to 12 classes.

18. Supply of essential commodities is gradually returning to normalcy in Mizoram as trucks carrying goods are entering the state from neighbouring Assam through National Highway-306.