World Markets

Dow + 110
Nasdaq - 29
Dax - 52
Nikkei + 24
Hangseng - 96
Sgxnifty - 18 (16533)
Brent Crude 69.68
Dow Fut - 90
Dollar Index 92.64

Stocks To Watch

Suven Life Sciences: To conduct phase 3 clinical trial of SUVN-502 (Masupirdine), a 5-HT6 antagonist for treatment of agitation and aggression in Alzheimer’s type dementias. The study comprising about 387 patients is likely to be completed in about 36 months and the topline result is expected by the end of 2024.

Lupin: Received tentative approval from U.S. FDA for Brivaracetam Tablets. This product will be manufactured at company’s Nagpur facility. Brivaracetam Tablets are used for the treatment of partial-onset seizures in patients four years of age and older.

Infosys: The company has agreed to invest an additional sum $0.45 million in TidalScale Inc. Earlier, the company had invested $1.5 million in 2016 and $1.5 million in 2018. Further, it bought back shares worth Rs 3.77 crore on August 16.

Adani Road Transport, a wholly owned subsidiary of Adani Enterprises, to acquire Maharashtra Border Check Post Network portfolio from Sadbhav Infrastructure Project at an enterprise value of Rs 1,680 crore. ARTL will acquire 49% at first, with option to acquire additional stake, subject to approvals.

3i Infotech: Mrinal Ghosh has resigned as Chief Financial Officer. He will be relieved from the duties effective September 14.

Fiem Industries: To supply head lamps, tail lamps, indicators, rear fender assembly and mirrors to Ola Electric Mobility for its Scooter S1 and S1 Pro

Pledge Share Details

Aurobindo Pharma: Promoter RPR Sons Advisors revoked pledge of 26.30 lakh shares on August 11. Promoter group (Axis Clinicals, Trident Chemphar, and RPR Sons Advisors) created a pledge of 26.30 lakh shares on August 11.

Apollo Tyres: Promoter Sunrays Properties and Investments Company revoked pledge of 1.21 lakh shares on August 11.

Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 4 lakh shares on August 11.

Wockhardt: Promoter Themisto Trustee Company created a pledge of 10 lakh shares on August 11.

https://linkintime.co.in/MIPO/Ipoallotment.html

CarTrade allotment out!!

Insider Trades

Adani Green Energy: Promoter Infinite Trade and Investments bought 19 lakh shares on August 13.

KEI Industries: Promoter Anil Gupta sold 3 lakh shares on August 12.

KNR Constructions: Promoters (Kamidi Reddy and Kamidi Yashoda) sold 25 lakh shares on August 16.

Lincoln Pharmaceuticals: Promoters (Munjal Patel and Ashish Patel) bought 50,000 shares on August 13.

Panama Petrochem:Promoter Panama Builders Developers bought 30,948 shares between August 12-13.

Sudarshan Chemical Industries: Promoter Rahul Rathi sold 7.50 lakh shares on August 13.

Who’s Meeting Whom

Cipla: To meet Jefferies India on August 17.

Gland Pharma: To meet Franklin Templeton Investments on August 17 and William Blair Investment Management on August 18.

Greaves Cotton: To meet Union MF on August 17.

Supreme Industries: To meet Nippon Life Asset Management on August 17.

Trading Tweaks

Ex-Date AGM: V-Mart Retail, GTPL Hathway, Shipping Corporation of India, Thangamayil Jewellery, Privi Speciality Chemicals, MAS Financial Services, Relaxo Footwears, KPIT Technologies, Borosil, Centrum Capital, Everest Industries, Astra Microwave Products, Expleo Solutions, Fairchem Organics, AVT Natural Products, Deepak Fertilizers and Petrochemicals Corporation

Ex-Date Final Dividend Anuh Pharma, Astra Microwave Products, AVT Natural Products, Divi's Laboratories, Everest Industries, Indusind Bank, KPIT Technologies, Wardwizard Innovations & Mobility, MAS Financial Services, Novartis India, Privi Speciality Chemicals, Relaxo Footwears, Thangamayil Jewellery

Ex-Date Dividend: Borosil, Deepak Fertilisers & Petrochemicals Corporation, Fairchem Organics, GTPL Hathway, National Peroxide, Rajapalayam Mills, Shipping Corporation of India, WPIL

Ex-Date Income Distribution: Brookfield India Real Estate Trust REIT, Mindspace Business Parks REIT

Ex-Date Stock Split: Sagar Cements

Record Date Final Dividend: Suven Pharmaceuticals

Record Date Dividend: RPG Life Sciences

Record Date Interim Dividend: REC, Pitti Engineering

Price Band Revised From 20% To 10%: Laxmi Organic Industries

Stocks Ban In F&O:

Cadila,
Indiabulls Hsg,
Nalco,
PNB,
RBL Bank,
Sail,
Sun TV

*Good Morning*
• Delhi high court to hear Amazon’s petition to enforce halt on Future-Reliance deal
• India Cryptocurrency Bill Awaiting Cabinet Nod, Sitharaman Says
• Supreme Court to hear banks’ requests to not force disclosure of information regrading big borrowers
• Sebi Halts India Trading in Chickpeas With Immediate Effect
• Adani Road To Buy 49% stake in Maharashtra Border Check Post
• Hindustan Zinc holds board-meeting for interim dividend
• India Approves One More Lab For Covid Vaccine Batch-Testing
• Global Funds Sell Net INR10.88B of India Stocks Monday: NSE
o Domestic Funds Buy Net INR5.06b of India Stocks Monday: NSE
• India’s Sensex Index at Fresh High With Reliance Leading Gains
• RADA Electronic & ADTL sign MOU to establish JV in India
• Palm Oil Likely to See ‘Sizable’ Price Correction: Mielke
• India to import 12 lakh tonne GM soyameal after govt clears confusion: PTI
• FM says no room for cut in excise duty on petrol, diesel due to oil bonds: PTI
• Infosys(INFO): Says bought back shares worth 37.7m rupees on Aug. 16
• Lupin (LPC): Gets tentative U.S. FDA approval for brivaracetam tablets
• Mahindra (MM), Steel Authority of India (SAIL), Bayer CropScience (BYRCS): India government gives drone use permission to 10 organizations
• Suven Life (SVLS): To conduct phase 3 trial for Alzheimer’s treatment

*OPENING BELL*

🔔📈🔔📈🔔📈🔔📈

🔸Suven Life Sciences: To conduct phase 3 clinical trial of SUVN-502 (Masupirdine), a 5-HT6 antagonist for treatment of agitation and aggression in Alzheimer’s type dementias. The study comprising about 387 patients is likely to be completed in about 36 months and the topline result is expected by the end of 2024.

🔸Lupin: Received tentative approval from U.S. FDA for Brivaracetam Tablets. This product will be manufactured at company’s Nagpur facility. Brivaracetam Tablets are used for the treatment of partial-onset seizures in patients four years of age and older.

🔸Infosys: The company has agreed to invest an additional sum $0.45 million in TidalScale Inc. Earlier, the company had invested $1.5 million in 2016 and $1.5 million in 2018. Further, it bought back shares worth Rs 3.77 crore on August 16.

🔸Adani Road Transport, a wholly owned subsidiary of Adani Enterprises, to acquire Maharashtra Border Check Post Network portfolio from Sadbhav Infrastructure Project at an enterprise value of Rs 1,680 crore. ARTL will acquire 49% at first, with option to acquire additional stake, subject to approvals.

🔸3i Infotech: Mrinal Ghosh has resigned as Chief Financial Officer. He will be relieved from the duties effective September 14.

🔸Fiem Industries: To supply head lamps, tail lamps, indicators, rear fender assembly and mirrors to Ola Electric Mobility for its Scooter S1 and S1 Pro.

GM jsk stock in news barbeque, bandhanbk,delta,anjani,ibreal,infosys,aartiind, ramakrishnaforg,ace,BEML,ruchi, Glenmark phar, lupin,dhampur,balrampur,sanghimivers,sadhbhav,adanientp. Negative stocks sudharshan chem,keiind. Nifty range 16450-16650.

*Meghmani Organics Limited*

Listing Date : *Wednesday, Aug 18 2021*
ISIN : *INE0CT101020*
BSE : *543331 (T Group)*
NSE : *MOL (BE Series)*
Total Shares : *25,43,14,211*
Face Value : *₹1*


*Meghmani Finechem Limited*

Listing Date : *Wednesday, Aug 18 2021*
ISIN : *INE071N01016*
BSE : *543332 (T Group)*
NSE : *MFL (BE Series)*
Total Shares : *4,15,50,158*
Face Value : *₹10*


Demerger of Agrochemical and Pigment from Meghmani Organochem Limited now both companies relisted after all due diligence

*This will be in Trade-for-Trade segment for 10 trading days.*

*ABM Morning Update*

*NIFTY EXTENDS GAINS @ THE START OF THE WEEK. HOWEVER, ROAD TURNING BUMPY FOR BROADER MARKET!*

*Global markets :*
US markets climbed higher on Monday despite disappointing economic data coming from China, where retail sales were up 8.5% YoY during July, which was short of the 11.5% jump economists expected. While rising COVID case growth is likely fueling the slowdown seen in China and the decline in manufacturing sentiment, but the economic impact — at least in the US and Europe — is unlikely to be significant, as reflected in steady risk-asset moves.

The earnings season has been about more hits than misses and that bodes well for the near to medium term movement in equities. However, the closely watched retail sales data will be released on Tuesday, with the Street expecting a slowdown in July (0.3% vs 0.6% last month) due the delta variant spread. Amongst other asset classes, crude oil has seen a sharp decline overnight (-1.8%) continuing its near week long fall from ~73 to near 68 at one pt in trade yesterday. 

*Domestic markets :*
Lcl markets made yet another fresh record closing high as Nifty ended on positive side (up 33 points) for 6th consecutive day. RIL and Tata Steel led the show. Former got the boost after media reports that Aramco is in advanced talks to buy stock worth $25 bn in its oil business. Meanwhile, the broader markets continued to remain weak with Midcap 50 down 0.4% and Nifty small cap 100 down 0.8%.

*Macro update -* India’s wholesale inflation eased for the second straight month even as prices of manufactured products rose. WPI stood at 11.2% in July (est was 11.3%) compared with 12.1% in June 2021 (up 0.6% MoM). Retail inflation, too, fell to its lowest since April, led by lower food prices. The Union FM stated that she expected retail inflation would be contained between 2% and 6%, the target set by the RBI.

Meanwhile, reports are suggesting Indian economy likely grew 19-20% in the June quarter, aided by the strong base effect from a year ago, when it contracted by almost a quarter, offsetting the effects of the 2nd COVID wave. The full-year GDP is expected to grow 7.9-9.6%.

FM on Monday ruled out a cut in excise duty on petrol and diesel to ease prices, which have touched an all-time high, saying payments in lieu of past subsidised fuel pose limitations. Separately, as per IMD, after a break, the SW Monsoon has started reviving & rainfall activity has started to increase over south India.

Overall, expect markets at Index level to consolidate with positive bias while broader markets may stay range-bound with lot more stock-specific action. Going ahead, with limited triggers, expect our markets to trade in sync with global indices.

For today, SGX Nifty indicates 15 points gap down opening for Nifty. 

*Quote for the day: “We are reviewing capital expenditure on a regular basis… We want to push capex. There is no message to ministries other than to spend.” – N. Sitharaman, FM of India.*

*Focus for the day:*
1. Eurozone GDP

2. US Retail sales & Industrial Prodn

3.Japan Trade Bal

*Key corporate developments/policy actions:*
1. Aarti industries to consider demerger of pharma business on 19th Aug. This could unlock value for shareholders.

2. As per media reports, Nalco has increased price of Aluminium Metal Products by Rs 5,000/- PMT

3. Sagar Cement commenced its grinding operations & despatch from its integrated cement plant in MP.

4. Tata Motors has joined hands with Bank of Maharashtra to offer car loan facilities for its New Forever range of PVs. Here, interest rate will start from as low as 7.15%.

5. Intellect Design announces digital transaction banking on cloud the world’s first, cloud-native, fully-integrated cash management platform, powered by microservices and open banking apis for banks in ME and North Africa.

6. FIEM Industries is a sole Supplier to Ola Electric for Head Lamps, Tail Lamps, Indicators, Rear Fender Assembly and Mirrors. In addition to other existing EV clients, this is a landmark client addition for FIEM.

7. As per media reports, Japanese major, Kubota Corp might be looking to increase its stake by 5% to 7% in Escorts. Kubota currently has a ~9% stake in Escorts.

8. Tyre stocks to be in focus – According to ATMA, the industry is lobbying the government to remove restrictions on import of natural rubber.

*Fund Flow:*
FII: (-) Rs 10.88 bn; DII : (+) Rs 5.06 bn

*Stocks to focus :*

Large Cap : Abbott India, Bajaj Finance, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, ICICI Lombard, Maruti, Nestle, Tata Steel

Mid Cap : AAVAS Financiers, Amber Ent, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.