-CLSA on SunPharma_Live: Maintain Buy, Target at Rs 960/sh
-CLSA on BritanniaIndLtd: Maintain Outperform, Target at Rs 3850/sh
-Morgan Stanley on Bajaj_ltd: Maintain Sell, Target at Rs 3000/sh
Macquarie on HDFC BK
OP, TP Rs 2005
RBI lifts technology ban partially as per media
Market share loss to be regained in our view
Reinforces RBI’s confidence partially; next catalyst is full ban being lifted
BK lost 180bp of market share since Nov’20
-CLSA on BritanniaIndLtd: Maintain Outperform, Target at Rs 3850/sh
-Morgan Stanley on Bajaj_ltd: Maintain Sell, Target at Rs 3000/sh
Macquarie on HDFC BK
OP, TP Rs 2005
RBI lifts technology ban partially as per media
Market share loss to be regained in our view
Reinforces RBI’s confidence partially; next catalyst is full ban being lifted
BK lost 180bp of market share since Nov’20
*Impact on RoDTEP on the metals and mining sector:*
1) *No benefit extended to the steel companies, JSW Steel , JSPL and Tata Steel will be impacted in that order given that contribution of exports is highest in case of JSW Steel.*
2) Zinc – RoDTEP is 2% hence, the MEIS scrips benefit is restored
3) Copper – 0.3%, is a negative vs 2% in previous regime
4) Aluminum – 2.2%, entire benefit increased from 2% earlier
5) Lead - 1.4% vs 2% in earlier regime, negative
Overall, the RoDTEP Scheme is negative to the steel industry as the entire benefit under the MEIS has been withdrawn but the scheme favors non-ferrous metals.
*Stock impact:* Most positive for Hindustan Zinc, followed by Hindalco and Vedanta. Negative for all steel companies in the following order – JSW Steel, JSPL, Tata Steel and SAIL. However, the upgrades / downgrades to the earnings will not be significant.
Fwd!!
1) *No benefit extended to the steel companies, JSW Steel , JSPL and Tata Steel will be impacted in that order given that contribution of exports is highest in case of JSW Steel.*
2) Zinc – RoDTEP is 2% hence, the MEIS scrips benefit is restored
3) Copper – 0.3%, is a negative vs 2% in previous regime
4) Aluminum – 2.2%, entire benefit increased from 2% earlier
5) Lead - 1.4% vs 2% in earlier regime, negative
Overall, the RoDTEP Scheme is negative to the steel industry as the entire benefit under the MEIS has been withdrawn but the scheme favors non-ferrous metals.
*Stock impact:* Most positive for Hindustan Zinc, followed by Hindalco and Vedanta. Negative for all steel companies in the following order – JSW Steel, JSPL, Tata Steel and SAIL. However, the upgrades / downgrades to the earnings will not be significant.
Fwd!!
╭─────────────────╮
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴*
*18 Aug (Wednesday)*🙏🏻
India's 1st Whatsapp News Service, since 2013
╰──────────────────╯
TODAYs TOP NEWS
×××××××××××××××××××××××××××××
1. India’s COVID-19 vaccination coverage has crossed 56 crore mark.
2. *PM Modi chairs meeting of Cabinet Committee on security following events in Afghanistan* : Defence Minister Rajnath Singh, Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Principal Secretary to PM Dr P K Mishra, National Security Advisor Ajit Doval, Cabinet Secretary Rajiv Gauba, Foreign Secretary Harsh V Shringla attended the meeting.
3. PM Modi on 17 Aug (Tuesday) directed officials to ensure safe evacuation of all Indian citizens from Afghanistan and to provide refuge to Sikhs and Hindus wanting to come to India from there, as he chaired a crucial high-level meeting in the backdrop of the Taliban takeover of the war-torn country
4. Commerce & Industry Minister Piyush Goyal conferred the National Intellectual Property Awards at an virtual event in New Delhi on 17 Aug.
5. Six lakh villages to get internet connectivity by 2024 : Union Minister of State for Skill Development and Entrepreneurship, Rajeev Chandrashekhar said.
6. Vriksharopan Abhiyan – 2021 of Coal Ministry is all set to be Launched on August 19, 2021. It will be launched as part of Azadi Ka Amrit Mahotsav.
7. Himachal Pradesh CM Jai Ram Thakur announced 6% additional dearness allowance (DA) for govt employees & pensioners retrospectively from July 1. This announcement to provide financial benefit of Rs 450 crore to the employees.
8. No Helmet, No Petrol Two-Wheeler Safety Campaign Launched In Maharastra.
9. In West Bengal, Sushmita Dev, who has changed camp from the Congress to Trinamool Congress, refused to elaborate on her reasons for the change, but said she has "No issues with Sonia Gandhi and Rahul Gandhi".
10. Maharashtra reported 10 new cases of the Delta Plus variant. total cases of Delta Plus variant has increased to 76.
11. Shopping malls in Maharashtra on Tuesday decided to close down operations, after the government modified guidelines mandating them to operate with fully-vaccinated staff.
12. Fresh firing escalates tension again on disputed Assam-Mizoram border.
13. *Defence Minister Rajnath Singh flagged-in a climb-a-thon organised by Himalayan Mountaineering Institute, Darjeeling to celebrate Azadi ka Amrit Mahotsav in New Delhi* on 17 Aug.
14. The climb-a-thon was organised at four smaller peaks of Sikkim Himalayas from April 20th to 25th 2021. The climb-a-thon under the leadership of Group Captain Jai Kishan was conducted at Mt Rhenock, Mt Frey, Mt BC Roy and Mt Palung, by a team of 125 mountaineers.
15. Hindustan Aeronautics Limited (HAL), has successfully carried ground tests for making a civilian aircraft named ‘Hindustan-228’ : The public sector undertaking of the Defence Ministry,.
16. Indian Coast Guard inducts 3 indigenously-built advanced light helicopters MK-III.
17. An Indian Army team of three officers and 25 sappers has reached Russia to take part in the Safe Route Competition of International Army Games, scheduled from August 24 to September 4, a defence spokesperson said .
18. ITBP to guard Indian diplomatic staff in Afghanistan till required
An armed contingent of paramilitary force Indo-Tibetan Border Police (ITBP) is "actively" securing the diplomatic staff of the Indian embassy in Afghanistan's capital Kabul and will be there "till required", officials said on Monday as the Taliban took over the country.
To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0
https://youtu.be/_fCm5QqV49E
*****************************
✈️ INTERNATIONAL NEWS
××××××××××××××××××××××××××××
1. *United Kingdom expresses willingness for collaborating with India on Green Hydrogen Energy.* India has already retired 16369 MW of inefficient thermal units till March, 2021. India’s ambitious target of having 450 MW of installed Renewable Capacity by 2030.
🌄 *S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴*
*18 Aug (Wednesday)*🙏🏻
India's 1st Whatsapp News Service, since 2013
╰──────────────────╯
TODAYs TOP NEWS
×××××××××××××××××××××××××××××
1. India’s COVID-19 vaccination coverage has crossed 56 crore mark.
2. *PM Modi chairs meeting of Cabinet Committee on security following events in Afghanistan* : Defence Minister Rajnath Singh, Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Principal Secretary to PM Dr P K Mishra, National Security Advisor Ajit Doval, Cabinet Secretary Rajiv Gauba, Foreign Secretary Harsh V Shringla attended the meeting.
3. PM Modi on 17 Aug (Tuesday) directed officials to ensure safe evacuation of all Indian citizens from Afghanistan and to provide refuge to Sikhs and Hindus wanting to come to India from there, as he chaired a crucial high-level meeting in the backdrop of the Taliban takeover of the war-torn country
4. Commerce & Industry Minister Piyush Goyal conferred the National Intellectual Property Awards at an virtual event in New Delhi on 17 Aug.
5. Six lakh villages to get internet connectivity by 2024 : Union Minister of State for Skill Development and Entrepreneurship, Rajeev Chandrashekhar said.
6. Vriksharopan Abhiyan – 2021 of Coal Ministry is all set to be Launched on August 19, 2021. It will be launched as part of Azadi Ka Amrit Mahotsav.
7. Himachal Pradesh CM Jai Ram Thakur announced 6% additional dearness allowance (DA) for govt employees & pensioners retrospectively from July 1. This announcement to provide financial benefit of Rs 450 crore to the employees.
8. No Helmet, No Petrol Two-Wheeler Safety Campaign Launched In Maharastra.
9. In West Bengal, Sushmita Dev, who has changed camp from the Congress to Trinamool Congress, refused to elaborate on her reasons for the change, but said she has "No issues with Sonia Gandhi and Rahul Gandhi".
10. Maharashtra reported 10 new cases of the Delta Plus variant. total cases of Delta Plus variant has increased to 76.
11. Shopping malls in Maharashtra on Tuesday decided to close down operations, after the government modified guidelines mandating them to operate with fully-vaccinated staff.
12. Fresh firing escalates tension again on disputed Assam-Mizoram border.
13. *Defence Minister Rajnath Singh flagged-in a climb-a-thon organised by Himalayan Mountaineering Institute, Darjeeling to celebrate Azadi ka Amrit Mahotsav in New Delhi* on 17 Aug.
14. The climb-a-thon was organised at four smaller peaks of Sikkim Himalayas from April 20th to 25th 2021. The climb-a-thon under the leadership of Group Captain Jai Kishan was conducted at Mt Rhenock, Mt Frey, Mt BC Roy and Mt Palung, by a team of 125 mountaineers.
15. Hindustan Aeronautics Limited (HAL), has successfully carried ground tests for making a civilian aircraft named ‘Hindustan-228’ : The public sector undertaking of the Defence Ministry,.
16. Indian Coast Guard inducts 3 indigenously-built advanced light helicopters MK-III.
17. An Indian Army team of three officers and 25 sappers has reached Russia to take part in the Safe Route Competition of International Army Games, scheduled from August 24 to September 4, a defence spokesperson said .
18. ITBP to guard Indian diplomatic staff in Afghanistan till required
An armed contingent of paramilitary force Indo-Tibetan Border Police (ITBP) is "actively" securing the diplomatic staff of the Indian embassy in Afghanistan's capital Kabul and will be there "till required", officials said on Monday as the Taliban took over the country.
To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0
https://youtu.be/_fCm5QqV49E
*****************************
✈️ INTERNATIONAL NEWS
××××××××××××××××××××××××××××
1. *United Kingdom expresses willingness for collaborating with India on Green Hydrogen Energy.* India has already retired 16369 MW of inefficient thermal units till March, 2021. India’s ambitious target of having 450 MW of installed Renewable Capacity by 2030.
YouTube
Who are the Taliban#Afganistan# SHUBOUDHAY NEWS UPDATES
History of Taliban/Afghanistan in Short
Union Minister of Power and Renewable Energy, Shri RK Singh said.
2. *COVID Cooperation* : India handed over 31 life support ambulances to Bangladesh in Dhaka on 17 Aug (Tuesday).
3. India also handed over medical equipment and supplies like Pulse Oxymeter devices, Liquid Medical Oxygen cylinders, nasal cannulas, Oxygen nasal cannulas, oxygen concentrators. High Commissioner of India to Bangladesh Vikram Doraiswami formally handed over these ambulances equipped with advanced life support systems to Bangladesh Foreign Minister Dr A K Abdul Momen at a programme held in Dhaka.
4. External Affairs Minister Dr S Jaishankar today discussed the evolving situation in Afghanistan with French Foreign Minister Jean-Yves Le Drian.
5. *External Affairs Minister Dr. S Jaishankar is on two day official visit to Georgia, he has reached New York where he will be presiding over two high-level signature events of the United Nations* .
(a) 1st Event on 'Protecting the Protectors: Technology and Peacekeeping'.
(b) 2nd event on 19 Aug, it will be a high-level briefing on 'Threats to International Peace and Security caused by Terrorist Acts'.
His visit to New York comes during India's Presidency of the United Nations Security Council.
6. *Indian Air Force Aircraft C-17 brings back Indian envoy, officials from Kabul.* 150 people, including diplomats, officials, security personnel and some stranded Indians, landed at the Hindon airbase near Delhi.
7. *The Centre has introduced a new category of electronic visa:* The e-Emergency X-Misc Visa will expedite visa application process for those stuck in Afghanistan as the country witnesses mayhem amid takeover by Taliban.
8. PM Modi spoke with his Israeli counterpart Naftali Bennett on Monday with the two leaders agreeing on the potential to further expand cooperation and deciding that the foreign ministries of the two countries would work on preparing a roadmap for further enriching the India-Israel strategic partnership.
9. *Afghan soldiers, military cadets undergoing training in India stare at an uncertain future* : A question mark now hangs over the fate of the over 150 Afghan soldiers and military cadets currently undergoing training in India, with the Taliban swiftly seizing control of the landlocked country after a virtual walkover against the Afghan army.
10. India blames Pak over vandalisation of Maharaja Ranjit Singh's statue in Lahore. saying Islamabad has completely failed in its duty to prevent such attacks which are creating a 'climate of fear' among the minority communities.
××××××××××××××××××××××××××××
🌎 WORLD NEWS 🌍
××××××××××××××××××××××××××××
1. *Afghanistan Crisis* : When the Taliban took over Afghanistan the first time in 1996, China refused to recognize their rule and left its embassy shut for years. This time around, Beijing has been among the first to embrace the Islamist terrorists next door. Reason here, Beijing's fears about Islamist extremism among its own Uyghur minority in China.
2. Chinese Foreign Ministry spokeswoman Hua Chunying told that,
"China hopes the Afghan Taliban can unite with other political parties & with all ethnic groups and build a political framework in keeping with national conditions that is broadly inclusive and will lay the foundation for enduring peace,”
3. The head of Afghanistan's central bank has fled Kabul, questioned the loyalty of Afghan security forces and blamed President Ashraf Ghani and his inexperienced advisors for the country's swift and chaotic fall to the Taliban.
4. The govt of Bangladesh, Chinese vaccine maker Sinopharm & Incepta Pharmaceuticals Ltd signed an MoU in Dhaka on Monday for the co-production of the Sinopharm COVID 19 vaccine in the country.
5. Taliban's Afghanistan Takeover, A Fresh Challenge For Social Media Platforms
Social media giant Facebook confirmed on 16 Aug that it designates the Taliban a terrorist group and bans it and content supporting it from its platforms.
2. *COVID Cooperation* : India handed over 31 life support ambulances to Bangladesh in Dhaka on 17 Aug (Tuesday).
3. India also handed over medical equipment and supplies like Pulse Oxymeter devices, Liquid Medical Oxygen cylinders, nasal cannulas, Oxygen nasal cannulas, oxygen concentrators. High Commissioner of India to Bangladesh Vikram Doraiswami formally handed over these ambulances equipped with advanced life support systems to Bangladesh Foreign Minister Dr A K Abdul Momen at a programme held in Dhaka.
4. External Affairs Minister Dr S Jaishankar today discussed the evolving situation in Afghanistan with French Foreign Minister Jean-Yves Le Drian.
5. *External Affairs Minister Dr. S Jaishankar is on two day official visit to Georgia, he has reached New York where he will be presiding over two high-level signature events of the United Nations* .
(a) 1st Event on 'Protecting the Protectors: Technology and Peacekeeping'.
(b) 2nd event on 19 Aug, it will be a high-level briefing on 'Threats to International Peace and Security caused by Terrorist Acts'.
His visit to New York comes during India's Presidency of the United Nations Security Council.
6. *Indian Air Force Aircraft C-17 brings back Indian envoy, officials from Kabul.* 150 people, including diplomats, officials, security personnel and some stranded Indians, landed at the Hindon airbase near Delhi.
7. *The Centre has introduced a new category of electronic visa:* The e-Emergency X-Misc Visa will expedite visa application process for those stuck in Afghanistan as the country witnesses mayhem amid takeover by Taliban.
8. PM Modi spoke with his Israeli counterpart Naftali Bennett on Monday with the two leaders agreeing on the potential to further expand cooperation and deciding that the foreign ministries of the two countries would work on preparing a roadmap for further enriching the India-Israel strategic partnership.
9. *Afghan soldiers, military cadets undergoing training in India stare at an uncertain future* : A question mark now hangs over the fate of the over 150 Afghan soldiers and military cadets currently undergoing training in India, with the Taliban swiftly seizing control of the landlocked country after a virtual walkover against the Afghan army.
10. India blames Pak over vandalisation of Maharaja Ranjit Singh's statue in Lahore. saying Islamabad has completely failed in its duty to prevent such attacks which are creating a 'climate of fear' among the minority communities.
××××××××××××××××××××××××××××
🌎 WORLD NEWS 🌍
××××××××××××××××××××××××××××
1. *Afghanistan Crisis* : When the Taliban took over Afghanistan the first time in 1996, China refused to recognize their rule and left its embassy shut for years. This time around, Beijing has been among the first to embrace the Islamist terrorists next door. Reason here, Beijing's fears about Islamist extremism among its own Uyghur minority in China.
2. Chinese Foreign Ministry spokeswoman Hua Chunying told that,
"China hopes the Afghan Taliban can unite with other political parties & with all ethnic groups and build a political framework in keeping with national conditions that is broadly inclusive and will lay the foundation for enduring peace,”
3. The head of Afghanistan's central bank has fled Kabul, questioned the loyalty of Afghan security forces and blamed President Ashraf Ghani and his inexperienced advisors for the country's swift and chaotic fall to the Taliban.
4. The govt of Bangladesh, Chinese vaccine maker Sinopharm & Incepta Pharmaceuticals Ltd signed an MoU in Dhaka on Monday for the co-production of the Sinopharm COVID 19 vaccine in the country.
5. Taliban's Afghanistan Takeover, A Fresh Challenge For Social Media Platforms
Social media giant Facebook confirmed on 16 Aug that it designates the Taliban a terrorist group and bans it and content supporting it from its platforms.
6. Incepta Pharmaceuticals will bring the ingredients of the vaccine from China in bulk. The bottling, labelling and finishing will be done in Bangladesh which is likely to make the vaccine relatively cheap.
7. Militants in Gaza Strip fired rocket at Israel on 16 Aug. The rocket was however intercepted by Iron Dome anti-missile system of Israel.
It was the first such attack since 11-day war in May 2021.
8. A female news anchor was seen interviewing a Taliban spokesperson on ToloNews today. Women were absent from TV screens since August 15, the day Taliban took control over Kabul. It’s a shift from Taliban’s earlier regime in between 1996-2001 where women were not allowed to work.
9. Taliban promised security for women in press conference. They said Women would be allowed to work and study and "will be very active in society but within the framework of Islam.
××××××××××××××××××××××××××
🚣🚴🏇🏁🏊 SPORTS:
×××××××××××××××××××××××××××
1. *PM Modi interacts with para-athlete contingent for Tokyo 2020 Paralympic Games virtually* ; He expressed hope that India will create a new history at the Tokyo 2020 Paralympic Games.
2. 54 para athletes from across nine sports disciplines will be heading to Tokyo to represent the nation. This is India’s largest ever contingent to the Paralympic Games.
3. 2020 Summer Paralympics will begin on
Tuesday, 24 August 2021
and ends on
Sunday, 5 September.
4. *FIRST PARALYMPIC GAMES* : The Stoke Mandeville Games later became the Paralympic Games which first took place in Rome, Italy, in 1960 featuring 400 athletes from 23 countries. Since then they have taken place every four years.
On 29 July 1948, the day of the Opening Ceremony of the London 1948 Olympic Games, Dr. Guttmann organised the first competition for wheelchair athletes which he named the Stoke Mandeville Games, a milestone in Paralympic history. They involved 16 injured servicemen and women who took part in archery.
5. Union Minister of Youth Affairs & Sports Anurag Thakur interacted with the World Youth Archery Championship winners during an event on 17 Aug (Tuesday) & congratulated them for making the nation proud.
Team India registered a total of 15 medals – 8 gold, 2 silver and 5 bronze, from the archery meet in Wroclaw, Poland.
6. *ICC Men's T20 World Cup 2021 schedule announced* : India will face Pakistan in their opening game of the ICC Men’s T20 World Cup 2021 at the Dubai International Stadium on 24 October.
Abu Dhabi will be the venue of the first semi-final on 10 November while the other semi-final (11 November) and the final (14 November) will be played in Dubai. All day matches are scheduled for 14h00 local time and the day-night matches are slated for 18h00 local time (+4 GMT).
==========================
🇮🇳 FACTS ABOUT INDIA 🇮🇳
*==========================*
*USD 74.36 💷GBP 102.19*
Gandhinagar(Gujarat)
*CM* : Vijay Rupani
*Gvnr* : Acharya Devvrat
*🥇Gold ₹49,100@10 gm 24 (Krt)*
🥈 *Silver ₹63,600@ Kg*
⛽ *Petrol ₹ 98.84*
⛽ *Diesel ₹ 96.88*
LPG : ₹ 843/14.2 Kg
BSE Sensex 55,792.28
NIFTY : 16,614.60
=========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
==========================
*🇮🇳FACTS ABOUT INDIA🇮🇳* ××××××××××××××××××××××××××××
Agartala is the capital city of the Indian state of Tripura, and is the second-largest city in northeast India after Guwahati. It is located on the banks of the Haora River, near the Bangladesh border, about 90 kilometres (55 mi) east of Bangladesh's capital Dhaka. Agartala is being developed under the Smart Cities Mission, a flagship scheme of the Government of India.
××××××××××××××××××××××××××××
*😀THOUGHT OF THE DAY*
Life is like a novel and everyday is a page is sad the next will become happy. So don't worry turn the next page and enjoy your life. ××××××××××××××××××××××××××××
*Joke of the day* ××××××××××××××××××××××××××××
Operation ke baad pappu bola: Dictor sahab,
*kya ab main rog mukt hoon?*
saamane se javaab mila: beta, Doctor sahab
to dhartee par hee rah gae, main *to Chitra Gupt hoon.*
7. Militants in Gaza Strip fired rocket at Israel on 16 Aug. The rocket was however intercepted by Iron Dome anti-missile system of Israel.
It was the first such attack since 11-day war in May 2021.
8. A female news anchor was seen interviewing a Taliban spokesperson on ToloNews today. Women were absent from TV screens since August 15, the day Taliban took control over Kabul. It’s a shift from Taliban’s earlier regime in between 1996-2001 where women were not allowed to work.
9. Taliban promised security for women in press conference. They said Women would be allowed to work and study and "will be very active in society but within the framework of Islam.
××××××××××××××××××××××××××
🚣🚴🏇🏁🏊 SPORTS:
×××××××××××××××××××××××××××
1. *PM Modi interacts with para-athlete contingent for Tokyo 2020 Paralympic Games virtually* ; He expressed hope that India will create a new history at the Tokyo 2020 Paralympic Games.
2. 54 para athletes from across nine sports disciplines will be heading to Tokyo to represent the nation. This is India’s largest ever contingent to the Paralympic Games.
3. 2020 Summer Paralympics will begin on
Tuesday, 24 August 2021
and ends on
Sunday, 5 September.
4. *FIRST PARALYMPIC GAMES* : The Stoke Mandeville Games later became the Paralympic Games which first took place in Rome, Italy, in 1960 featuring 400 athletes from 23 countries. Since then they have taken place every four years.
On 29 July 1948, the day of the Opening Ceremony of the London 1948 Olympic Games, Dr. Guttmann organised the first competition for wheelchair athletes which he named the Stoke Mandeville Games, a milestone in Paralympic history. They involved 16 injured servicemen and women who took part in archery.
5. Union Minister of Youth Affairs & Sports Anurag Thakur interacted with the World Youth Archery Championship winners during an event on 17 Aug (Tuesday) & congratulated them for making the nation proud.
Team India registered a total of 15 medals – 8 gold, 2 silver and 5 bronze, from the archery meet in Wroclaw, Poland.
6. *ICC Men's T20 World Cup 2021 schedule announced* : India will face Pakistan in their opening game of the ICC Men’s T20 World Cup 2021 at the Dubai International Stadium on 24 October.
Abu Dhabi will be the venue of the first semi-final on 10 November while the other semi-final (11 November) and the final (14 November) will be played in Dubai. All day matches are scheduled for 14h00 local time and the day-night matches are slated for 18h00 local time (+4 GMT).
==========================
🇮🇳 FACTS ABOUT INDIA 🇮🇳
*==========================*
*USD 74.36 💷GBP 102.19*
Gandhinagar(Gujarat)
*CM* : Vijay Rupani
*Gvnr* : Acharya Devvrat
*🥇Gold ₹49,100@10 gm 24 (Krt)*
🥈 *Silver ₹63,600@ Kg*
⛽ *Petrol ₹ 98.84*
⛽ *Diesel ₹ 96.88*
LPG : ₹ 843/14.2 Kg
BSE Sensex 55,792.28
NIFTY : 16,614.60
=========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
==========================
*🇮🇳FACTS ABOUT INDIA🇮🇳* ××××××××××××××××××××××××××××
Agartala is the capital city of the Indian state of Tripura, and is the second-largest city in northeast India after Guwahati. It is located on the banks of the Haora River, near the Bangladesh border, about 90 kilometres (55 mi) east of Bangladesh's capital Dhaka. Agartala is being developed under the Smart Cities Mission, a flagship scheme of the Government of India.
××××××××××××××××××××××××××××
*😀THOUGHT OF THE DAY*
Life is like a novel and everyday is a page is sad the next will become happy. So don't worry turn the next page and enjoy your life. ××××××××××××××××××××××××××××
*Joke of the day* ××××××××××××××××××××××××××××
Operation ke baad pappu bola: Dictor sahab,
*kya ab main rog mukt hoon?*
saamane se javaab mila: beta, Doctor sahab
to dhartee par hee rah gae, main *to Chitra Gupt hoon.*
ऑपरेशन के बाद पप्पू बोला: 'डाक्टर साहब,
*क्या अब मैं रोग मुक्त हूं?*
सामने से जवाब मिला: बेटा, डाक्टर साहब
तो धरती पर ही रह गए, मैं *तो चित्र गुप्त हूं।*
××××××××××××××××××××××××××××
*😳Why❓❓❓* ××××××××××××××××××××××××××××
*Why do cars/ vehicles outside of India have the steering wheel on the left side?*
India, being a former British colony, inherited the left-hand side of the road and right-hand side of the car as the steering-wheel side. ... Hence, a driver sitting on left side in the car will have a better appreciation of the traffic coming from opposite.
Left-om Britain in 1835. Countries which were part of the British Empire followed suit. This is why to this very day, India, Australia and there former British colonies in Africa go left. ... It wasn't until Napoleon conquered the Netherlands that the Dutch started driving on the right.
××××××××××××××××××××××××××××
*LEARN Sanskrit*🙏🏻
××××××××××××××××××××××××××××
*Banana* कदलिका
××××××××××××××××××××××××××××
🤔 *How it works* ⁉️ ××××××××××××××××××××××××××××
*HOW DO SNAILS REPRODUCE?* 🐌
Different snails reproduce differently, but most snails are "hermaphrodites." Being a hermaphrodite means that any given snail can be both male and female at the same time. This can make it a lot easier for snails to reproduce and quickly make a whole lot of snails! Some hermaphrodite snails do not need another snail to reproduce, but can make more snails all by themselves (this is called asexual reproduction). Other snails are hermaphrodites but still need another snail to reproduce (this is called sexual reproduction). There are also some snails that aren't hermaphrodites, but are either male or female, and must find a snail of the opposite sex to breed with.
××××××××××××××××××××××××××××
💁🏻♂️ *GK TODAY*
××××××××××××××××××××××××××××
*BEGINING OF BOLLYWOOD*
××××××××××××××××××××××××××××
Father of Indian Cinema, Dadasaheb Phalke released the first ever full-length feature film ‘Raja Harishchandra’ in 1913. The silent film was a commercial success. Dadasaheb was not only the producer but was also the director, writer, cameraman, editor, make-up artist and art director. Raja Harischandra was the first-ever Indian film which was screened in London in 1914
××××××××××××××××××××××××××××
*BORN TODAY* 🐣🙏🏻
××××××××××××××××××××××××××××
Nirmala Sitharaman (born 18 August 1959) is an Indian politician of the (BJP), who is currently serving as the Minister of Finance and Minister of Corporate Affairs.
Sitharaman formerly served as the Defence Minister of India, thereby becoming India's second female defence minister and also the second female finance minister after Indira Gandhi and first full-time female Finance Minister.
××××××××××××××××××××××××××××
🛕 *VEDIK GNAN* ××××××××××××××××××××××××××××
*SATYABHAMA* , also known as, Satrajiti, is the third consort of the Lord Shri Krishna. Satyabhama is believed to be an avatar of Bhumī Devī.
Satyabhama was the daughter of Yadava King Satrajit, the royal treasurer of Dwaraka, who was the owner of the Syamantaka jewel. Satrajit, who secured the jewel from the sun-god Surya and would not part with it even when Krishna, the king of Dwarka, asked for it saying it would be safe with him. Shortly thereafter, Prasena, the brother of Satrajit went out hunting wearing the jewel but was killed by a lion. Jambavan, known for his role in the Ramayana, killed the lion and gave the jewel to his daughter Jambavati. When Prasena did not return, Satrajit falsely accused Krishna of killing Prasena for the sake of the jewel.
Krishna, in order to remove the stain on his reputation, set out with his men in search of the jewel and found it in Jambavan's cave, with his daughter. Jambavan attacked Krishna thinking him to be an intruder who had come to take away the jewel. They fought each other for 28 days, when Jambavan, whose whole body was terribly weakened from the incisions of Krishna's sword, finally recognised him as Rama and surrendered to the lord.
*क्या अब मैं रोग मुक्त हूं?*
सामने से जवाब मिला: बेटा, डाक्टर साहब
तो धरती पर ही रह गए, मैं *तो चित्र गुप्त हूं।*
××××××××××××××××××××××××××××
*😳Why❓❓❓* ××××××××××××××××××××××××××××
*Why do cars/ vehicles outside of India have the steering wheel on the left side?*
India, being a former British colony, inherited the left-hand side of the road and right-hand side of the car as the steering-wheel side. ... Hence, a driver sitting on left side in the car will have a better appreciation of the traffic coming from opposite.
Left-om Britain in 1835. Countries which were part of the British Empire followed suit. This is why to this very day, India, Australia and there former British colonies in Africa go left. ... It wasn't until Napoleon conquered the Netherlands that the Dutch started driving on the right.
××××××××××××××××××××××××××××
*LEARN Sanskrit*🙏🏻
××××××××××××××××××××××××××××
*Banana* कदलिका
××××××××××××××××××××××××××××
🤔 *How it works* ⁉️ ××××××××××××××××××××××××××××
*HOW DO SNAILS REPRODUCE?* 🐌
Different snails reproduce differently, but most snails are "hermaphrodites." Being a hermaphrodite means that any given snail can be both male and female at the same time. This can make it a lot easier for snails to reproduce and quickly make a whole lot of snails! Some hermaphrodite snails do not need another snail to reproduce, but can make more snails all by themselves (this is called asexual reproduction). Other snails are hermaphrodites but still need another snail to reproduce (this is called sexual reproduction). There are also some snails that aren't hermaphrodites, but are either male or female, and must find a snail of the opposite sex to breed with.
××××××××××××××××××××××××××××
💁🏻♂️ *GK TODAY*
××××××××××××××××××××××××××××
*BEGINING OF BOLLYWOOD*
××××××××××××××××××××××××××××
Father of Indian Cinema, Dadasaheb Phalke released the first ever full-length feature film ‘Raja Harishchandra’ in 1913. The silent film was a commercial success. Dadasaheb was not only the producer but was also the director, writer, cameraman, editor, make-up artist and art director. Raja Harischandra was the first-ever Indian film which was screened in London in 1914
××××××××××××××××××××××××××××
*BORN TODAY* 🐣🙏🏻
××××××××××××××××××××××××××××
Nirmala Sitharaman (born 18 August 1959) is an Indian politician of the (BJP), who is currently serving as the Minister of Finance and Minister of Corporate Affairs.
Sitharaman formerly served as the Defence Minister of India, thereby becoming India's second female defence minister and also the second female finance minister after Indira Gandhi and first full-time female Finance Minister.
××××××××××××××××××××××××××××
🛕 *VEDIK GNAN* ××××××××××××××××××××××××××××
*SATYABHAMA* , also known as, Satrajiti, is the third consort of the Lord Shri Krishna. Satyabhama is believed to be an avatar of Bhumī Devī.
Satyabhama was the daughter of Yadava King Satrajit, the royal treasurer of Dwaraka, who was the owner of the Syamantaka jewel. Satrajit, who secured the jewel from the sun-god Surya and would not part with it even when Krishna, the king of Dwarka, asked for it saying it would be safe with him. Shortly thereafter, Prasena, the brother of Satrajit went out hunting wearing the jewel but was killed by a lion. Jambavan, known for his role in the Ramayana, killed the lion and gave the jewel to his daughter Jambavati. When Prasena did not return, Satrajit falsely accused Krishna of killing Prasena for the sake of the jewel.
Krishna, in order to remove the stain on his reputation, set out with his men in search of the jewel and found it in Jambavan's cave, with his daughter. Jambavan attacked Krishna thinking him to be an intruder who had come to take away the jewel. They fought each other for 28 days, when Jambavan, whose whole body was terribly weakened from the incisions of Krishna's sword, finally recognised him as Rama and surrendered to the lord.
As repentance for his having fought Krishna, Jambavan gave Krishna the jewel and also his daughter Jambavati in marriage. Krishna returned the jewel to Satrajit, who in turn apologized for his false accusation. He promptly offered to give Krishna the jewel and his daughter Satyabhama, in marriage. Krishna accepted them but refused the jewel.
××××××××××××××××××××××××××××
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ××××××××××××××××××××××××××××
*GET RID OF A HEADACHE*
1. Drink Water. Inadequate hydration may lead you to develop a headache.
2. Get Adequate Sleep
3. Head Massage may be able to reduce chronic pain as well as ease muscle tension that causes headaches.
4. If ,you have a migraine, place a cold pack on your forehead. Ice cubes wrapped in a towel, a bag of frozen peas, or even a cold shower may lessen the pain.
5. Tension-related headaches can sometimes be relieved with regular breathing exercises that help focus your mind and ease your muscles.
6. The warmth and comfort of a steaming cup of herbal tea makes it an excellent way to wind down at night
÷=÷=÷=÷=÷=÷=÷=÷=÷=÷=÷=÷=÷
Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️
÷÷÷÷÷÷Samaptum÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
Telegram Link.
╭───────────────────╮
*🙏PLZ FOLLOW#9 GOVT#4. NORMS#0, MAINT#4 SOCIAL#8 DISTANCE#0, KEEP#7 YOURSELF#5 ©️YOUR#2 FAMILY#0 SAFE🌼*
╰───────────────────╯
××××××××××××××××××××××××××××
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ××××××××××××××××××××××××××××
*GET RID OF A HEADACHE*
1. Drink Water. Inadequate hydration may lead you to develop a headache.
2. Get Adequate Sleep
3. Head Massage may be able to reduce chronic pain as well as ease muscle tension that causes headaches.
4. If ,you have a migraine, place a cold pack on your forehead. Ice cubes wrapped in a towel, a bag of frozen peas, or even a cold shower may lessen the pain.
5. Tension-related headaches can sometimes be relieved with regular breathing exercises that help focus your mind and ease your muscles.
6. The warmth and comfort of a steaming cup of herbal tea makes it an excellent way to wind down at night
÷=÷=÷=÷=÷=÷=÷=÷=÷=÷=÷=÷=÷
Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️
÷÷÷÷÷÷Samaptum÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
Telegram Link.
╭───────────────────╮
*🙏PLZ FOLLOW#9 GOVT#4. NORMS#0, MAINT#4 SOCIAL#8 DISTANCE#0, KEEP#7 YOURSELF#5 ©️YOUR#2 FAMILY#0 SAFE🌼*
╰───────────────────╯
Telegram
Shuboudhay Daily News
You’ve been invited to join this group on Telegram.
*SGX Nifty +25 pts (16627) from last trade 16602 ,*
Nikkei +81 pts ,
Hangseng +54 pts ,
Now @6.507am .
Dow -282.12 pts ,Nsdq -137.58 pts, S&P
-31.63 pts, Bovespa -1276 pts , Ftse +27 pts , Dax -3 pts , Cac -18 pts , Crude @ $66.68 brl (+0.09), Brent @ $69.03 brl (-0.00) , Gold @ 1787.60 (-0.20), Silver @ $23.65 (+0.00), Euro @ $1.1708, JPY @ $109.58, INR @ 74.375
*Today's Corporate Action*
*18th Aug Ex Date*
7TEC
Interim Dividend - Rs. - 1.0000
APOLLOHOSP
Dividend - Rs. - 3.0000
ASMTEC
Interim Dividend - Rs. - 1.0000
ASTRAZEN
Interim Dividend - Rs. - 2.0000
BCG
Bonus issue 1:4
BERGEPAINT
Dividend - Rs. - 2.8000
CANFINHOME
Final Dividend - Rs. - 2.0000
CCL
Final Dividend - Rs. - 2.0000
CORALFINAC
Final Dividend - Rs. - 0.5000
CRAVATEX
Final Dividend - Rs. - 3.0000
DLINKINDIA
Dividend - Rs. - 1.8000
GAEL
Final Dividend - Rs. - 0.6000
GNFC
Dividend - Rs. - 8.0000
HGS
Interim Dividend - Rs. - 7.0000
HIMATSEIDE
Final Dividend - Rs. - 0.5000
IEX
Final Dividend - Rs. - 1.5000
IRCON
Interim Dividend - Rs. - 0.4500
JKTYRE
Dividend - Rs. - 2.0000
JOINDRE
Dividend - Rs. - 1.0000
KLRFM
Dividend - Rs. - 1.5000
KMSUGAR
Interim Dividend - Rs. - 0.2000
KTKBANK
Dividend - Rs. - 1.8000
LALPATHLAB
Interim Dividend - Rs. - 6.0000
NATHBIOGEN
Final Dividend - Rs. - 2.0000
NBVENTURES*
Final Dividend - Rs. - 2.5000
ORIENTPPR
Dividend - Rs. - 0.2500
PAGEIND
Interim Dividend - Rs. - 50.0000
POLYSPIN
Dividend - Rs. - 0.6000
REDINGTON
Bonus issue 1:1
RESONANCE
Final Dividend - Rs. - 1.0000
RIIL
Dividend - Rs. - 3.0000
RITES
Interim Dividend - Rs. - 2.0000
SARDAEN
Final Dividend - Rs. - 7.5000
SHARDA
Final Dividend - Rs. - 2.6300
SOLARA
Dividend - Rs. - 3.0000
SOLARINDS
Final Dividend - Rs. - 6.0000
TAALENT
Interim Dividend - Rs. - 25.0000
TCPLPACK
Final Dividend - Rs. - 7.3500
VSTTILLERS
Final Dividend - Rs. - 20.0000
WELENT
Final Dividend - Rs. - 1.5000
ZENTEC
Dividend - Rs. - 0.1000
*Today's Key Results/Board Meetings*
*18-Aug-21*
ACFSL
General
ADHBHUTIN
Quarterly Results
CAPFIN
General
EKI
Quarterly Results
EVANS
A.G.M.;General
GALACTICO
Bonus issue
INDRANIB
A.G.M.
KENNAMET
Audited Results;A.G.M.;Quarterly Results
MEERA
General
NETTLINX
General
SHIRPUR-G
Quarterly Results
TERAI
Quarterly Results
VISHWARAJ
A.G.M.;Stock Split
*Stock under F&O ban on NSE*
*18-Aug-21*
1CADILAHC
2IBULHSGFIN
3NATIONALUM
4PNB
5RBLBANK
6SAIL
7SUNTV
Nikkei +81 pts ,
Hangseng +54 pts ,
Now @6.507am .
Dow -282.12 pts ,Nsdq -137.58 pts, S&P
-31.63 pts, Bovespa -1276 pts , Ftse +27 pts , Dax -3 pts , Cac -18 pts , Crude @ $66.68 brl (+0.09), Brent @ $69.03 brl (-0.00) , Gold @ 1787.60 (-0.20), Silver @ $23.65 (+0.00), Euro @ $1.1708, JPY @ $109.58, INR @ 74.375
*Today's Corporate Action*
*18th Aug Ex Date*
7TEC
Interim Dividend - Rs. - 1.0000
APOLLOHOSP
Dividend - Rs. - 3.0000
ASMTEC
Interim Dividend - Rs. - 1.0000
ASTRAZEN
Interim Dividend - Rs. - 2.0000
BCG
Bonus issue 1:4
BERGEPAINT
Dividend - Rs. - 2.8000
CANFINHOME
Final Dividend - Rs. - 2.0000
CCL
Final Dividend - Rs. - 2.0000
CORALFINAC
Final Dividend - Rs. - 0.5000
CRAVATEX
Final Dividend - Rs. - 3.0000
DLINKINDIA
Dividend - Rs. - 1.8000
GAEL
Final Dividend - Rs. - 0.6000
GNFC
Dividend - Rs. - 8.0000
HGS
Interim Dividend - Rs. - 7.0000
HIMATSEIDE
Final Dividend - Rs. - 0.5000
IEX
Final Dividend - Rs. - 1.5000
IRCON
Interim Dividend - Rs. - 0.4500
JKTYRE
Dividend - Rs. - 2.0000
JOINDRE
Dividend - Rs. - 1.0000
KLRFM
Dividend - Rs. - 1.5000
KMSUGAR
Interim Dividend - Rs. - 0.2000
KTKBANK
Dividend - Rs. - 1.8000
LALPATHLAB
Interim Dividend - Rs. - 6.0000
NATHBIOGEN
Final Dividend - Rs. - 2.0000
NBVENTURES*
Final Dividend - Rs. - 2.5000
ORIENTPPR
Dividend - Rs. - 0.2500
PAGEIND
Interim Dividend - Rs. - 50.0000
POLYSPIN
Dividend - Rs. - 0.6000
REDINGTON
Bonus issue 1:1
RESONANCE
Final Dividend - Rs. - 1.0000
RIIL
Dividend - Rs. - 3.0000
RITES
Interim Dividend - Rs. - 2.0000
SARDAEN
Final Dividend - Rs. - 7.5000
SHARDA
Final Dividend - Rs. - 2.6300
SOLARA
Dividend - Rs. - 3.0000
SOLARINDS
Final Dividend - Rs. - 6.0000
TAALENT
Interim Dividend - Rs. - 25.0000
TCPLPACK
Final Dividend - Rs. - 7.3500
VSTTILLERS
Final Dividend - Rs. - 20.0000
WELENT
Final Dividend - Rs. - 1.5000
ZENTEC
Dividend - Rs. - 0.1000
*Today's Key Results/Board Meetings*
*18-Aug-21*
ACFSL
General
ADHBHUTIN
Quarterly Results
CAPFIN
General
EKI
Quarterly Results
EVANS
A.G.M.;General
GALACTICO
Bonus issue
INDRANIB
A.G.M.
KENNAMET
Audited Results;A.G.M.;Quarterly Results
MEERA
General
NETTLINX
General
SHIRPUR-G
Quarterly Results
TERAI
Quarterly Results
VISHWARAJ
A.G.M.;Stock Split
*Stock under F&O ban on NSE*
*18-Aug-21*
1CADILAHC
2IBULHSGFIN
3NATIONALUM
4PNB
5RBLBANK
6SAIL
7SUNTV
*Good Morning*
• Reserve Bank of India Said to Lift Credit Card Ban on HDFC Bank
• India’s Monetary Panel Focused on Giving ‘Growth a Chance’: RBI
• India Unveils Detailed Rules for $2.6B Export-Incentive Programs
• India Sees 30% Jump in Vehicle Sales on Scrapping Plan: Gadkari
• India, U.K. Explore Partnerships in Wind Power, Green Hydrogen
• India To Pull Out Embassy Personnel From Afghanistan Immediately
• INR Bonds Gain on Expectations of Lower Borrowings: Inside India
• India Sensex Index Climbs to a Fresh Record in Volatile Session
• Afghani Currency Falls to Record as Central Banker Roils Markets
• Global Funds Sold Net INR1.14B of India Equities Over Two Days
• RBI says economy gaining traction with pick-up in mfng activity: PTI
• Adani Green (ADANIGR): Says founders buy 2.02% more in co.; stake rises to 58.31%
• Aurobindo Pharma (ARBP): Axis Clinicals creates pledge on 400,000 Aurobindo Pharma shares
o RPR Sons creates pledge on 60,000 shares of Aurobindo Pharma
• DCM Shriram (DCMSI): To take 30% in Turkey’s Zyrone Dynamics
• HCL Technologies (HCLT): Wins Five-Year IT Deal From Wacker Chemie AG
• InterGlobe Aviation (INDIGO): ICRA cuts InterGlobe Aviation’s long-term rating to [ICRA] A
• Reserve Bank of India Said to Lift Credit Card Ban on HDFC Bank
• India’s Monetary Panel Focused on Giving ‘Growth a Chance’: RBI
• India Unveils Detailed Rules for $2.6B Export-Incentive Programs
• India Sees 30% Jump in Vehicle Sales on Scrapping Plan: Gadkari
• India, U.K. Explore Partnerships in Wind Power, Green Hydrogen
• India To Pull Out Embassy Personnel From Afghanistan Immediately
• INR Bonds Gain on Expectations of Lower Borrowings: Inside India
• India Sensex Index Climbs to a Fresh Record in Volatile Session
• Afghani Currency Falls to Record as Central Banker Roils Markets
• Global Funds Sold Net INR1.14B of India Equities Over Two Days
• RBI says economy gaining traction with pick-up in mfng activity: PTI
• Adani Green (ADANIGR): Says founders buy 2.02% more in co.; stake rises to 58.31%
• Aurobindo Pharma (ARBP): Axis Clinicals creates pledge on 400,000 Aurobindo Pharma shares
o RPR Sons creates pledge on 60,000 shares of Aurobindo Pharma
• DCM Shriram (DCMSI): To take 30% in Turkey’s Zyrone Dynamics
• HCL Technologies (HCLT): Wins Five-Year IT Deal From Wacker Chemie AG
• InterGlobe Aviation (INDIGO): ICRA cuts InterGlobe Aviation’s long-term rating to [ICRA] A
Money Market Update
The rupee ended at 74.34 against the U.S. Dollar on Tuesday as compared to Friday's closing of 74.24.
The rupee ended at 74.34 against the U.S. Dollar on Tuesday as compared to Friday's closing of 74.24.
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 19.50 lakh shares on August 16.
Dabur India: Promoter Ratna Commercial Enterprises bought 25,000 shares on August 11.
JSW Energy: Promoter JSW Severfield Structures bought 5,000 shares between August 12-13.
Rattanindia Enterprises: Promoter Arbutus Consultancy LLP bought 7.50 lakh shares on August 17.
Sterlite Technologies: Promoter Ankit Agarwal bought 33,635 shares between August 12-13.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman, Sridhar Sundararajan HUF, Kala Sundarvedha and S Narayan) sold 9,800 shares on August 16.
Adani Green Energy: Promoter Infinite Trade and Investments bought 19.50 lakh shares on August 16.
Dabur India: Promoter Ratna Commercial Enterprises bought 25,000 shares on August 11.
JSW Energy: Promoter JSW Severfield Structures bought 5,000 shares between August 12-13.
Rattanindia Enterprises: Promoter Arbutus Consultancy LLP bought 7.50 lakh shares on August 17.
Sterlite Technologies: Promoter Ankit Agarwal bought 33,635 shares between August 12-13.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman, Sridhar Sundararajan HUF, Kala Sundarvedha and S Narayan) sold 9,800 shares on August 16.
Trading Tweaks
Ex-Date AGM: Zen Technologies, VST Tillers Tractors, Nath Bio-Genes (India), Info Edge (India), Nava Bharat Ventures, TCPL Packaging, Karnataka Bank, Orient Paper & Industries, Sharda Motor Industries, Solara Active Pharma Sciences, Solar Industries India, Berger Paints India, D-Link (India), Apollo Hospitals Enterprise, Emami Paper Mills, Arihant Superstructures, CCL Products (India) Gujarat Ambuja Exports, 3M India, Gujarat Narmada Valley Fertilizers and Chemicals
Ex-Date Interim Dividend: Astrazeneca Pharma India, Hinduja Global Solutions, Ircon International, Dr. Lal PathLabs, Page Industries, RITES
Ex-Date Dividend: Apollo Hospitals Enterprise, Berger Paints India, D-Link (India), Gujarat Narmada Valley Fertilizers & Chemicals, JK Tyre & Industries, Karnataka Bank, Orient Paper & Industries, Reliance Industrial Infrastructure, Solara Active Pharma Sciences, Zen Technologies
Ex-Date Final Dividend: Can Fin Homes, CCL Products (India), Gujarat Ambuja Exports, Himatsingka Seide, Indian Energy Exchange, Nath Bio-Genes (India), Nava Bharat Ventures, Sarda Energy & Minerals, Sharda Motor Industries, Solar Industries India, TCPL Packaging, VST Tillers Tractors, Welspun Enterprises
Ex-Date Bonus Issue: Redington (India) Record Date Stock Split: Sagar Cements
Record Date Final Dividend: Privi Speciality Chemicals, KPIT Technologies, Everest Industries
Record Date Income Distribution: Brookfield India Real Estate Trust REIT
Move Into Short-Term ASM Framework: SVP Global Ventures
Move Out Of Short-Term ASM Framework: Hindustan Oil Exploration Company, Jindal Stainless
Ex-Date AGM: Zen Technologies, VST Tillers Tractors, Nath Bio-Genes (India), Info Edge (India), Nava Bharat Ventures, TCPL Packaging, Karnataka Bank, Orient Paper & Industries, Sharda Motor Industries, Solara Active Pharma Sciences, Solar Industries India, Berger Paints India, D-Link (India), Apollo Hospitals Enterprise, Emami Paper Mills, Arihant Superstructures, CCL Products (India) Gujarat Ambuja Exports, 3M India, Gujarat Narmada Valley Fertilizers and Chemicals
Ex-Date Interim Dividend: Astrazeneca Pharma India, Hinduja Global Solutions, Ircon International, Dr. Lal PathLabs, Page Industries, RITES
Ex-Date Dividend: Apollo Hospitals Enterprise, Berger Paints India, D-Link (India), Gujarat Narmada Valley Fertilizers & Chemicals, JK Tyre & Industries, Karnataka Bank, Orient Paper & Industries, Reliance Industrial Infrastructure, Solara Active Pharma Sciences, Zen Technologies
Ex-Date Final Dividend: Can Fin Homes, CCL Products (India), Gujarat Ambuja Exports, Himatsingka Seide, Indian Energy Exchange, Nath Bio-Genes (India), Nava Bharat Ventures, Sarda Energy & Minerals, Sharda Motor Industries, Solar Industries India, TCPL Packaging, VST Tillers Tractors, Welspun Enterprises
Ex-Date Bonus Issue: Redington (India) Record Date Stock Split: Sagar Cements
Record Date Final Dividend: Privi Speciality Chemicals, KPIT Technologies, Everest Industries
Record Date Income Distribution: Brookfield India Real Estate Trust REIT
Move Into Short-Term ASM Framework: SVP Global Ventures
Move Out Of Short-Term ASM Framework: Hindustan Oil Exploration Company, Jindal Stainless
Who’s Meeting Whom
DCW: To meet HDFC Securities Institutional Research on August 18.
Welspun India: To meet Systematix Group on August 18.
DCW: To meet HDFC Securities Institutional Research on August 18.
Welspun India: To meet Systematix Group on August 18.
World Markets
Dow - 232
Nasdaq - 138
Dax - 4
Nikkei + 89
Hangseng + 104
Sgxnifty + 28 (16630)
Brent Crude 68.98
Dow Fut - 27
Dollar Index 93.13
Dow - 232
Nasdaq - 138
Dax - 4
Nikkei + 89
Hangseng + 104
Sgxnifty + 28 (16630)
Brent Crude 68.98
Dow Fut - 27
Dollar Index 93.13
Pledge Share Details
Aurobindo Pharma: Promoters groups (RPR Sons Advisors and P Suneela Rani, and Axis Clinicals, Trident Chemphar, and RPR Sons Advisors) created a pledge of 22.05 lakh shares on August 13.
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 7.55 lakh shares on August 13.
Omaxe: Promoter Guild Builders revoked pledge of 18.16 lakh shares on August 13.
SMC Global Securities: Promoter Pulin Investments created a pledge of 5 lakh shares between June 1 and August 16
Aurobindo Pharma: Promoters groups (RPR Sons Advisors and P Suneela Rani, and Axis Clinicals, Trident Chemphar, and RPR Sons Advisors) created a pledge of 22.05 lakh shares on August 13.
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 7.55 lakh shares on August 13.
Omaxe: Promoter Guild Builders revoked pledge of 18.16 lakh shares on August 13.
SMC Global Securities: Promoter Pulin Investments created a pledge of 5 lakh shares between June 1 and August 16
Stocks To Watch
HDFC Bank: The Reserve Bank of India has allowed the bank to issue new credit cards, partially removing a months-long ban on the lender, a person with direct knowledge of the matter said. The central bank, however, retained the ban on bank launching new digital products.
Canara Bank: Opened its QIP on Tuesday to raise up to Rs 2,500 crore and set the floor price of the issue at Rs 2,500 crore and set the floor price of the issue at Rs 155.58 per equity share. The floor price is at a premium of 1.91% to Tuesday’s closing price. A meeting of the sub-committee of the board will be held on August 23 to determine the issue price for the equity shares as well as the number of shares to be allotted to qualified institutional buyers, pursuant to the QIP.
HCL Technologies: Signed a five-year, end-to-end IT transformation services deal with Wacker Chemie AG, a German multinational chemical company. HCL Tech will help Wacker Chemie AG to establish a modernised digital workplace and improve its quality-of-service delivery.
Bharat Dynamics: The company has signed a licencing agreement with MBDA to establish a facility for the final assembly, integration, and test of Advanced Short Range Air-to-Air Missile (ASRAAM) missiles in India. Under the agreement, MBDA will transfer the equipment and knowledge to Bharat Dynamics for establishing the facility. The facility is expected to commence operations by 2022-23.
DCM Shriram Industries: The company has entered into an agreement with Zyrone Dynamics Havacilik Danismanlik Ve Ar-Ge San. Tic. A.S., Turkey—which manufactures and markets Unmanned Aerial Vehicles of different types. The company would subscribe to 30% of the capital of the foreign company comprising of 25,715 shares at a total investment of just over $1.05 million in five tranches over a period of about a year, subject to necessary approval. Zyrone Dynamics will provide to the company technological support for two variants of UAVs at different times during the subscription period. Further, the two companies will support each other in marketing the products in India and globally.
Isgec Heavy Engineering: Received an order for two Gas Fired Boilers from Naval Project, Indian Navy. The company will manufacture two 40 TPH Boilers on a turnkey basis.
Suzlon Energy: Approved allotment of 3.17 crore equity shares on conversion of bonds. The company allotted
1.36 crore equity shares on conversion of 1,470 US$ denominated Convertible Bonds due 2032 having a face value of $320 each. It allotted 1.80 crore equity shares on conversion of 2,031 US$546,916,000 Step-up Convertible Bonds due July 2019 of $1,000 each.
Dilip Buildcon: Dhrol Bhadra Highways, a wholly owned subsidiary of the company, has received the financial closure letter from the NHAI for four laning of Dhrol-Bhadra Patiya section of NH-151A in Gujarat. The project is expected to be completed in 2 years and will cost Rs 882 crore.
Kaveri Seed Company: Board to consider a proposal for buyback of equity shares of the company on August 25.
lnterGlobe Aviation: ICRA has downgraded the long-term rating of the company to A from A+; the outlook remains negative. The rating agency has attributed the downgrade to prolonged disruption caused by the Covid-19 pandemic on the company's financials. Further it has reaffirmed the company's short-term rating at A1.
IFCI: Care Ratings has downgraded the credit rating of Long-Term Bank Facilities to BB/Negative from BBB-/Negative. The credit rating of NCDs of the company has been downgraded to BB+/Negative from BBB+/Negative. Similarly Subordinate Bonds’ rating has been downgraded to BB/Negative from BBB-/Negative.
Manorama Industries: India Ratings and Research has upgraded the company’s Long-Term Issuer Rating to BBB+ from BBB. The outlook is stable.
Annual General Meetings: CESC, Honeywell Automation, ICICI Securities, South Indian Bank, UltraTech Cement
HDFC Bank: The Reserve Bank of India has allowed the bank to issue new credit cards, partially removing a months-long ban on the lender, a person with direct knowledge of the matter said. The central bank, however, retained the ban on bank launching new digital products.
Canara Bank: Opened its QIP on Tuesday to raise up to Rs 2,500 crore and set the floor price of the issue at Rs 2,500 crore and set the floor price of the issue at Rs 155.58 per equity share. The floor price is at a premium of 1.91% to Tuesday’s closing price. A meeting of the sub-committee of the board will be held on August 23 to determine the issue price for the equity shares as well as the number of shares to be allotted to qualified institutional buyers, pursuant to the QIP.
HCL Technologies: Signed a five-year, end-to-end IT transformation services deal with Wacker Chemie AG, a German multinational chemical company. HCL Tech will help Wacker Chemie AG to establish a modernised digital workplace and improve its quality-of-service delivery.
Bharat Dynamics: The company has signed a licencing agreement with MBDA to establish a facility for the final assembly, integration, and test of Advanced Short Range Air-to-Air Missile (ASRAAM) missiles in India. Under the agreement, MBDA will transfer the equipment and knowledge to Bharat Dynamics for establishing the facility. The facility is expected to commence operations by 2022-23.
DCM Shriram Industries: The company has entered into an agreement with Zyrone Dynamics Havacilik Danismanlik Ve Ar-Ge San. Tic. A.S., Turkey—which manufactures and markets Unmanned Aerial Vehicles of different types. The company would subscribe to 30% of the capital of the foreign company comprising of 25,715 shares at a total investment of just over $1.05 million in five tranches over a period of about a year, subject to necessary approval. Zyrone Dynamics will provide to the company technological support for two variants of UAVs at different times during the subscription period. Further, the two companies will support each other in marketing the products in India and globally.
Isgec Heavy Engineering: Received an order for two Gas Fired Boilers from Naval Project, Indian Navy. The company will manufacture two 40 TPH Boilers on a turnkey basis.
Suzlon Energy: Approved allotment of 3.17 crore equity shares on conversion of bonds. The company allotted
1.36 crore equity shares on conversion of 1,470 US$ denominated Convertible Bonds due 2032 having a face value of $320 each. It allotted 1.80 crore equity shares on conversion of 2,031 US$546,916,000 Step-up Convertible Bonds due July 2019 of $1,000 each.
Dilip Buildcon: Dhrol Bhadra Highways, a wholly owned subsidiary of the company, has received the financial closure letter from the NHAI for four laning of Dhrol-Bhadra Patiya section of NH-151A in Gujarat. The project is expected to be completed in 2 years and will cost Rs 882 crore.
Kaveri Seed Company: Board to consider a proposal for buyback of equity shares of the company on August 25.
lnterGlobe Aviation: ICRA has downgraded the long-term rating of the company to A from A+; the outlook remains negative. The rating agency has attributed the downgrade to prolonged disruption caused by the Covid-19 pandemic on the company's financials. Further it has reaffirmed the company's short-term rating at A1.
IFCI: Care Ratings has downgraded the credit rating of Long-Term Bank Facilities to BB/Negative from BBB-/Negative. The credit rating of NCDs of the company has been downgraded to BB+/Negative from BBB+/Negative. Similarly Subordinate Bonds’ rating has been downgraded to BB/Negative from BBB-/Negative.
Manorama Industries: India Ratings and Research has upgraded the company’s Long-Term Issuer Rating to BBB+ from BBB. The outlook is stable.
Annual General Meetings: CESC, Honeywell Automation, ICICI Securities, South Indian Bank, UltraTech Cement
*Fiem Industries Q1FY22 Concall Update – Nirmal Bang Securities*
*Outlook: Positive*
• Co primarily supplies lighting, mirrors, canisters and back angle sensors to 2W industry.
• Key OEMs & their degrowth QoQ: Honda 59%, TVS 30%, Yamaha 49%, Suzuki 36%.
• Co sales declined by 35% QoQ, less than its OEM clients.
• LED lighting mix is now 46% vs 40% QoQ. Likely to increase to 60% over next 2-3 years.
• Yamaha mix increased from 14% to 19% due to pick up in their exports.
• Co will focus on growing exports.
• Co is in talks with Hero Moto to make it a client.
• Lighting kit value (head/tail/blinker) per vehicle for conventional lamp costs Rs 800-1500 and for LED lamp costs 2500-5000.
• With current capacity co can reach turnover of Rs. 1700 Cr (at 40% mix of LED); if LED mix increases, turnover can be much higher (between Rs. 2k – 2.5k).
• Q2 utilisation will be 75% and can rise to 90% during peak demand. FY22 capex will be at 35 cr.
• Margins will be maintained at current levels of 11-12% in future.
• Co will only focus on 2W Auto lighting and not diversify in PV or non auto areas.
*EV Highlights*
• Co has added Ola Electric as its client. It will be the sole supplier of LED Head Lamps, LED Tail Lamps, Indicators, Rear Fender Assembly and Mirrors for Ola’s newly launched scooter. Co sees huge potential in the Indian EV segment. Supplies will start from Sep as Ola’s sales will start from Oct.
• Hosur plant in South is close to Ola’s factory. It will take 4 months to increase capacity by 25% in future as co has enough land.
• Okinawa – co supplies all products and is also the sole supplier.
• Ampere, Hero Electric, Electrotherm – co is supplying few parts.
• Co is in talks with other EV 2W cos as well.
Stock is trading at P/E of 15x TTM EPS
*Outlook: Positive*
• Co primarily supplies lighting, mirrors, canisters and back angle sensors to 2W industry.
• Key OEMs & their degrowth QoQ: Honda 59%, TVS 30%, Yamaha 49%, Suzuki 36%.
• Co sales declined by 35% QoQ, less than its OEM clients.
• LED lighting mix is now 46% vs 40% QoQ. Likely to increase to 60% over next 2-3 years.
• Yamaha mix increased from 14% to 19% due to pick up in their exports.
• Co will focus on growing exports.
• Co is in talks with Hero Moto to make it a client.
• Lighting kit value (head/tail/blinker) per vehicle for conventional lamp costs Rs 800-1500 and for LED lamp costs 2500-5000.
• With current capacity co can reach turnover of Rs. 1700 Cr (at 40% mix of LED); if LED mix increases, turnover can be much higher (between Rs. 2k – 2.5k).
• Q2 utilisation will be 75% and can rise to 90% during peak demand. FY22 capex will be at 35 cr.
• Margins will be maintained at current levels of 11-12% in future.
• Co will only focus on 2W Auto lighting and not diversify in PV or non auto areas.
*EV Highlights*
• Co has added Ola Electric as its client. It will be the sole supplier of LED Head Lamps, LED Tail Lamps, Indicators, Rear Fender Assembly and Mirrors for Ola’s newly launched scooter. Co sees huge potential in the Indian EV segment. Supplies will start from Sep as Ola’s sales will start from Oct.
• Hosur plant in South is close to Ola’s factory. It will take 4 months to increase capacity by 25% in future as co has enough land.
• Okinawa – co supplies all products and is also the sole supplier.
• Ampere, Hero Electric, Electrotherm – co is supplying few parts.
• Co is in talks with other EV 2W cos as well.
Stock is trading at P/E of 15x TTM EPS
*HDFC Bank:* RBI has lifted the ban on HDFC Bank for sourcing new credit cards. The ban was implemented in Dec 2020. Positive. (Source: CNBC)
*Garden Reach Shipbuilders and Engineers Q1FY22 Concall Update*
(Nirmal Bang Securities)
*Execution to pick up with every sequential quarter from here on; expect strong growth in H2FY22 (provided third wave of covid does not impact operations)*
*Outlook: Positive in long term*
• Revenue came at Rs. 304 Cr (QoQ Rs. 399 Cr, YoY Rs. 110 Cr). Co lost 21 days due to lockdown amounting to Rs. 31 Cr.
• Total order book remains above ~Rs. 25,000 Cr constituting 17 ships – 3 missile frigates, 4 survey vessels and 8 ASW shallow water craft.
• Order pipeline in future is at Rs. 5k – 6k Cr.
• *FY22 Guidance:* FY22 revenue should be much higher than FY21 (provided third wave of covid does not impact) as (1) Co has already launched 1st Missile frigate in Dec 2020. This ship will enter phase 2 i.e. outfitting stage during H2FY22. (2) First of the four survey vessels will be launched into phase 2 of outfitting.
• First missile frigate execution was Rs. 754 Cr in FY20 and Rs. 631 Cr in FY21.
• Goliath crane of 250 ton got commissioned in June which will boost pace of execution.
• Second missile frigate hull construction is happening currently and will lag the 1st frigate by 1 & half year. It will be launched in June 2022 and retrofitting is likely to happen one year post that.
• Steel plates used for fabrication are just 4-5% of overall sales. Equipments, missiles, guns, electronics form bulk of the RM cost. Hence any increase in steel prices wont impact the co.
• Refit provides better profit margins and involves lesser capex than shipbuilding.
Share is trading at P/E of 12.5x TTM EPS
(Nirmal Bang Securities)
*Execution to pick up with every sequential quarter from here on; expect strong growth in H2FY22 (provided third wave of covid does not impact operations)*
*Outlook: Positive in long term*
• Revenue came at Rs. 304 Cr (QoQ Rs. 399 Cr, YoY Rs. 110 Cr). Co lost 21 days due to lockdown amounting to Rs. 31 Cr.
• Total order book remains above ~Rs. 25,000 Cr constituting 17 ships – 3 missile frigates, 4 survey vessels and 8 ASW shallow water craft.
• Order pipeline in future is at Rs. 5k – 6k Cr.
• *FY22 Guidance:* FY22 revenue should be much higher than FY21 (provided third wave of covid does not impact) as (1) Co has already launched 1st Missile frigate in Dec 2020. This ship will enter phase 2 i.e. outfitting stage during H2FY22. (2) First of the four survey vessels will be launched into phase 2 of outfitting.
• First missile frigate execution was Rs. 754 Cr in FY20 and Rs. 631 Cr in FY21.
• Goliath crane of 250 ton got commissioned in June which will boost pace of execution.
• Second missile frigate hull construction is happening currently and will lag the 1st frigate by 1 & half year. It will be launched in June 2022 and retrofitting is likely to happen one year post that.
• Steel plates used for fabrication are just 4-5% of overall sales. Equipments, missiles, guns, electronics form bulk of the RM cost. Hence any increase in steel prices wont impact the co.
• Refit provides better profit margins and involves lesser capex than shipbuilding.
Share is trading at P/E of 12.5x TTM EPS
*SERNET News Update – Aug 18th 2021*
Indian government has asked a US federal court to dismiss Cairn Energy’s suit seeking enforcement of the $1.2 billion arbitral award. Cairn had asked the US Federal Court to force Air India to pay the amount. This comes just a week after the Indian government decided to scrap the retrospective tax amendment. One condition for dropping of retrospective tax demand is that the other party must undertake to withdraw all demands. Government has sought protection afforded by the US Foreign Sovereign Immunities, 1976.
Hindustan Aeronautics Limited or HAL placed an order worth Rs.5,375 crore to purchase 99 F404-GE-IN20 engines plus support services from GE Aviation to power its Tejas LCA. This is the largest single order every placed by HAL. The PSU is also exploring the potential of exporting the Tejas LCA. This is part of the contract to supply 83 LCAs to the IAF with enhanced GD F404 engines. The latest F404 family of engines from GE incorporate latest hot section materials and Full Authority Digital Engine Control for reliability.
RBI has finally allowed HDFC Bank to issue fresh credit cards; several months after it curbs over outages in its digital payment services. However, the ban on HDFC Bank introducing new digital initiatives will continue. HDFC Bank MD and CEO, Shashidhar Jagdishan, confirmed that the bank had complied with 85% of the RBI stipulations on the technology front. RBI had imposed this freeze in Dec-20. Jagdishan accepted that the bank had lose market share in credit cards due to the ban. It is taking all back-end to the cloud.
The Indian government is most likely to withdraw sugar export subsidies when the new sugar year starts in October. That is because of the sharp spike in global sugar prices in the last few months due to short supply from Brazil. Government does not see price differential as being a constraint any longer for Indian sugar exports. India had incentivized sugar exports for 3 years in a row with subsidies, something that had forced Brazil and Thailand to even approach the WTO. Global benchmark sugar prices are 55-month highs.
Aurobindo Pharma touched a yearly low of Rs.728 even as pharma stocks have done well overall. The stock lost 12% in last 3 days and 25% in the last one month, after a disappointing Q1 due to weak operating performance in the global anti-retroviral market. The company also saw 3.8% lower revenues for the Q1 at Rs.5,702 crore with ARV revenues down 30.3% yoy. EBITDA margins were flat at 21.2%.Aurobindo has been hit by its huge exposure to the US generics business which is seeing weak demand and price erosion.
The stocks of healthcare companies were sharply higher with Apollo Hospitals, Fortis Healthcare and Max Healthcare touching new highs on the NSE. These stocks have rallied 12-15% in the last one week on the strength of a robust June quarter performance. Apart from the growth in top line and bottom line, these healthcare stocks also gained from a sharp increase in occupancy shooting up from 38% last year to 67% in this year. Fortis scaled up to Rs.266 after turning around to profits of Rs.430 crore in Jun-21 quarter.
SpiceJet had recently announced plans to hive off its cargo operations into a separate entity. It now plans to obtain shareholder approval for the same. The cargo and logistics business will be transferred via slump sale with all assets and liabilities. SpiceJet confirmed that its logistics business was valued at Rs.2,556 crore and in lieu of the valuation, SpiceXpress will issue shares to SpiceJet. The separation is expected to be completed by Oct-21. SpiceJet had reported net loss of Rs.731 crore in Q1 Jun-21 on COVID pressures.
NTPC is exploring IPOs by its two units, NTPC Vidyut Vyapar Nigam and NTPC Renewable Energy Ltd. Both these will represent the first clean energy companies to list on the stock exchanges in India. Both these are expected to play a major role in helping NTPC touch 130 GW renewable energy capacity by 2032.
Indian government has asked a US federal court to dismiss Cairn Energy’s suit seeking enforcement of the $1.2 billion arbitral award. Cairn had asked the US Federal Court to force Air India to pay the amount. This comes just a week after the Indian government decided to scrap the retrospective tax amendment. One condition for dropping of retrospective tax demand is that the other party must undertake to withdraw all demands. Government has sought protection afforded by the US Foreign Sovereign Immunities, 1976.
Hindustan Aeronautics Limited or HAL placed an order worth Rs.5,375 crore to purchase 99 F404-GE-IN20 engines plus support services from GE Aviation to power its Tejas LCA. This is the largest single order every placed by HAL. The PSU is also exploring the potential of exporting the Tejas LCA. This is part of the contract to supply 83 LCAs to the IAF with enhanced GD F404 engines. The latest F404 family of engines from GE incorporate latest hot section materials and Full Authority Digital Engine Control for reliability.
RBI has finally allowed HDFC Bank to issue fresh credit cards; several months after it curbs over outages in its digital payment services. However, the ban on HDFC Bank introducing new digital initiatives will continue. HDFC Bank MD and CEO, Shashidhar Jagdishan, confirmed that the bank had complied with 85% of the RBI stipulations on the technology front. RBI had imposed this freeze in Dec-20. Jagdishan accepted that the bank had lose market share in credit cards due to the ban. It is taking all back-end to the cloud.
The Indian government is most likely to withdraw sugar export subsidies when the new sugar year starts in October. That is because of the sharp spike in global sugar prices in the last few months due to short supply from Brazil. Government does not see price differential as being a constraint any longer for Indian sugar exports. India had incentivized sugar exports for 3 years in a row with subsidies, something that had forced Brazil and Thailand to even approach the WTO. Global benchmark sugar prices are 55-month highs.
Aurobindo Pharma touched a yearly low of Rs.728 even as pharma stocks have done well overall. The stock lost 12% in last 3 days and 25% in the last one month, after a disappointing Q1 due to weak operating performance in the global anti-retroviral market. The company also saw 3.8% lower revenues for the Q1 at Rs.5,702 crore with ARV revenues down 30.3% yoy. EBITDA margins were flat at 21.2%.Aurobindo has been hit by its huge exposure to the US generics business which is seeing weak demand and price erosion.
The stocks of healthcare companies were sharply higher with Apollo Hospitals, Fortis Healthcare and Max Healthcare touching new highs on the NSE. These stocks have rallied 12-15% in the last one week on the strength of a robust June quarter performance. Apart from the growth in top line and bottom line, these healthcare stocks also gained from a sharp increase in occupancy shooting up from 38% last year to 67% in this year. Fortis scaled up to Rs.266 after turning around to profits of Rs.430 crore in Jun-21 quarter.
SpiceJet had recently announced plans to hive off its cargo operations into a separate entity. It now plans to obtain shareholder approval for the same. The cargo and logistics business will be transferred via slump sale with all assets and liabilities. SpiceJet confirmed that its logistics business was valued at Rs.2,556 crore and in lieu of the valuation, SpiceXpress will issue shares to SpiceJet. The separation is expected to be completed by Oct-21. SpiceJet had reported net loss of Rs.731 crore in Q1 Jun-21 on COVID pressures.
NTPC is exploring IPOs by its two units, NTPC Vidyut Vyapar Nigam and NTPC Renewable Energy Ltd. Both these will represent the first clean energy companies to list on the stock exchanges in India. Both these are expected to play a major role in helping NTPC touch 130 GW renewable energy capacity by 2032.
NTPC is planning a total investment of Rs.100,000 crore in this side of the business. NTPC Renewables is currently building India’s largest solar park, where it will generate green hydrogen for commercial sale.