Global-Market Updates
-Asian markets showing a positive opening following the US indices but the gains looked fragile
-Brent crude oil trading at $65, fearing weakened fuel demand worldwide
-MSCI Asia-Pacific index ex-Japan sank 4.8% last week
-All eyes on Fed Chair speech at Jackson hole conference this Friday
-Dollar index is at 93.47
-This week US to release revised GDP data for Q2 along with home sales and personal spending data
-Asian markets showing a positive opening following the US indices but the gains looked fragile
-Brent crude oil trading at $65, fearing weakened fuel demand worldwide
-MSCI Asia-Pacific index ex-Japan sank 4.8% last week
-All eyes on Fed Chair speech at Jackson hole conference this Friday
-Dollar index is at 93.47
-This week US to release revised GDP data for Q2 along with home sales and personal spending data
Mahindra Holidays eyes acquisitions expecting ‘revenge travel’ in India.
Watch the interview with CEO Kavinder Singh: https://t.co/MBYNeBnhmD https://t.co/XyekNgt7uJ
Watch the interview with CEO Kavinder Singh: https://t.co/MBYNeBnhmD https://t.co/XyekNgt7uJ
BloombergQuint
Mahindra Holidays Eyes Acquisitions Expecting ‘Revenge Travel’ in India
Mahindra Holidays & Resorts is looking to acquire more hotels as Indians are emerging from months of lockdowns.
Money Market Update
The rupee ended at 74.39 against the U.S. Dollar on Friday as compared to Wednesday's closing of 74.24.
The rupee ended at 74.39 against the U.S. Dollar on Friday as compared to Wednesday's closing of 74.24.
Trading Tweaks
Ex-Date AGM: InterGlobe Aviation, Sun Pharmaceutical Industries, Eris Lifesciences, Astral, Rupa & Company, Balaji Telefilms, Gallantt Ispat, Gallantt Metal
Ex-Date Final Dividend: Astral, Chambal Fertilisers & Chemicals, Sun Pharmaceutical Industries, Indiamart Intermesh, Balaji Telefilms
Ex-Date Dividend: DLF, Gloster, Rupa & Company
Ex-Date Interim Dividend: Sun Tv Network
Ex-Date Special Dividend: Rupa & Company
Record Date Interim Dividend: Manappuram Finance, GMM Pfaudler, Dolat Investments
Record Date Special Dividend: GOCL Corporation
Record Date Final Dividend: EKI Energy Services
Move Into Short-Term ASM Framework: Fiem Industries
Move Out Of Short-Term ASM Framework: Quick Heal Technologies, BASF India, Repro India
Move Out Of ASM Framework: Nalwa Sons Investments, Oricon Enterprises, Nureca, Gujarat Narmada Valley Fertilizers and Chemicals, PTC India
Ex-Date AGM: InterGlobe Aviation, Sun Pharmaceutical Industries, Eris Lifesciences, Astral, Rupa & Company, Balaji Telefilms, Gallantt Ispat, Gallantt Metal
Ex-Date Final Dividend: Astral, Chambal Fertilisers & Chemicals, Sun Pharmaceutical Industries, Indiamart Intermesh, Balaji Telefilms
Ex-Date Dividend: DLF, Gloster, Rupa & Company
Ex-Date Interim Dividend: Sun Tv Network
Ex-Date Special Dividend: Rupa & Company
Record Date Interim Dividend: Manappuram Finance, GMM Pfaudler, Dolat Investments
Record Date Special Dividend: GOCL Corporation
Record Date Final Dividend: EKI Energy Services
Move Into Short-Term ASM Framework: Fiem Industries
Move Out Of Short-Term ASM Framework: Quick Heal Technologies, BASF India, Repro India
Move Out Of ASM Framework: Nalwa Sons Investments, Oricon Enterprises, Nureca, Gujarat Narmada Valley Fertilizers and Chemicals, PTC India
Who’s Meeting Whom
Allcargo Logistics: To meet Locus Investment Group on August 24.
Mahindra Holidays & Resorts India: To meet JHP Securities on August 23
Allcargo Logistics: To meet Locus Investment Group on August 24.
Mahindra Holidays & Resorts India: To meet JHP Securities on August 23
Insider Trades
Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 1.25 lakh shares between August 13-16.
Aurobindo Pharma: Promoter Kambam Spoorthi sold 6 lakh shares on June 14.
JK Cement: Promoter Ramapati Singhania sold 3,600 shares between August 17-18.
Karda Constructions: Promoters (Prem Karda and Laxman Karda) sold 23 lakh shares between August 17-18.
Max Healthcare Institute : Promoter Kayak Investments Holding Pte sold 27.26 lakh shares on August 20.
Pidilite Industries: Promoter Neerav Parekh sold 1 lakh shares on August 18. Promoter Ishijas Chemicals bought 1 lakh shares on August 18.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 6,500 shares on August 18.
Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 1.25 lakh shares between August 13-16.
Aurobindo Pharma: Promoter Kambam Spoorthi sold 6 lakh shares on June 14.
JK Cement: Promoter Ramapati Singhania sold 3,600 shares between August 17-18.
Karda Constructions: Promoters (Prem Karda and Laxman Karda) sold 23 lakh shares between August 17-18.
Max Healthcare Institute : Promoter Kayak Investments Holding Pte sold 27.26 lakh shares on August 20.
Pidilite Industries: Promoter Neerav Parekh sold 1 lakh shares on August 18. Promoter Ishijas Chemicals bought 1 lakh shares on August 18.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 6,500 shares on August 18.
Stocks To Watch
Cadila Healthcare: Zydus Cadila’s Covid vaccine, ZyCoV-D, has received approval for Emergency Use Authorization from the Drug Controller General of India. The world’s first Plasmid DNA vaccine will be administered to all above 12 years of age. ZyCov-D is a 3-dose vaccine that can be injected with the company's own needle-free system. This vaccine was developed domestically by Zydus Cadila in partnership with India's Department of Biotechnology. The company plans to manufacture 10-12 crore doses of ZyCoV-D annually.
Adani Total Gas: To buy 50% stake in Smartmeters Technologies for Rs 1 crore. The acquisition is expected to be completed by September 2021.
Power Grid Corporation of India, India Grid Trust and Parbati Koldam Transmission Company have executed a new shareholder agreement. PKTCL was a joint venture company of Reliance Infrastructure (74%) and Power Grid (26%). Upon transfer of shares by Reliance Infra to India Grid Trust in PKTCL, the shareholders agreement was terminated.
Aurobindo Pharma: Cancelled the proposed deal to buy 51% stake in Cronus Pharma Specialities. The board of directors in its meeting held on August 20 approved the termination of the aforesaid agreements and the parties mutually agreed and terminated the said agreements.
Indostar Capital Finance: Promoter Indostar Capital to exercise the greenshoe option to the extent of 6.13 lakh equity shares (representing 0.45% of the total equity share capital on a fully diluted basis) in addition to the base offer size of 61.89 lakh equity shares. The OFS opens for retail investors today
TTK Prestige: To commence normal operations at manufacturing unit at Khardi in Maharashtra from August 23. A long-term settlement has been reached with the permanent workmen at the unit, the company said. The lock-out declared by the management on November 17, 2020, has been lifted with effect from August 20. The workmen have undertaken not to indulge in disruptive activities henceforth and have also accepted improved productivity norms, the company said.
Infosys: Bought back shares worth Rs 4.22 crore on Friday.
SRF: Board to meet on August 31 to consider issuance of bonus shares subject to approval by the shareholders of the company.
New Listings: Nuvoco Vistas, Aptus Value Housing Finance
Cadila Healthcare: Zydus Cadila’s Covid vaccine, ZyCoV-D, has received approval for Emergency Use Authorization from the Drug Controller General of India. The world’s first Plasmid DNA vaccine will be administered to all above 12 years of age. ZyCov-D is a 3-dose vaccine that can be injected with the company's own needle-free system. This vaccine was developed domestically by Zydus Cadila in partnership with India's Department of Biotechnology. The company plans to manufacture 10-12 crore doses of ZyCoV-D annually.
Adani Total Gas: To buy 50% stake in Smartmeters Technologies for Rs 1 crore. The acquisition is expected to be completed by September 2021.
Power Grid Corporation of India, India Grid Trust and Parbati Koldam Transmission Company have executed a new shareholder agreement. PKTCL was a joint venture company of Reliance Infrastructure (74%) and Power Grid (26%). Upon transfer of shares by Reliance Infra to India Grid Trust in PKTCL, the shareholders agreement was terminated.
Aurobindo Pharma: Cancelled the proposed deal to buy 51% stake in Cronus Pharma Specialities. The board of directors in its meeting held on August 20 approved the termination of the aforesaid agreements and the parties mutually agreed and terminated the said agreements.
Indostar Capital Finance: Promoter Indostar Capital to exercise the greenshoe option to the extent of 6.13 lakh equity shares (representing 0.45% of the total equity share capital on a fully diluted basis) in addition to the base offer size of 61.89 lakh equity shares. The OFS opens for retail investors today
TTK Prestige: To commence normal operations at manufacturing unit at Khardi in Maharashtra from August 23. A long-term settlement has been reached with the permanent workmen at the unit, the company said. The lock-out declared by the management on November 17, 2020, has been lifted with effect from August 20. The workmen have undertaken not to indulge in disruptive activities henceforth and have also accepted improved productivity norms, the company said.
Infosys: Bought back shares worth Rs 4.22 crore on Friday.
SRF: Board to meet on August 31 to consider issuance of bonus shares subject to approval by the shareholders of the company.
New Listings: Nuvoco Vistas, Aptus Value Housing Finance
Global-Market Updates
-Asian markets showing a positive opening following the US indices but the gains looked fragile
-Brent crude oil trading at $65, fearing weakened fuel demand worldwide
-MSCI Asia-Pacific index ex-Japan sank 4.8% last week
-All eyes on Fed Chair speech at Jackson hole conference this Friday
-Dollar index is at 93.47
-This week US to release revised GDP data for Q2 along with home sales and personal spending data
-Asian markets showing a positive opening following the US indices but the gains looked fragile
-Brent crude oil trading at $65, fearing weakened fuel demand worldwide
-MSCI Asia-Pacific index ex-Japan sank 4.8% last week
-All eyes on Fed Chair speech at Jackson hole conference this Friday
-Dollar index is at 93.47
-This week US to release revised GDP data for Q2 along with home sales and personal spending data
World Markets
Dow + 226
Nasdaq + 173
Dax + 42
Nikkei + 349
Hangseng + 302
Sgxnifty + 133 (16553)
Brent Crude 65.44
Dow Fut + 65
Dollar Index 93.45
Dow + 226
Nasdaq + 173
Dax + 42
Nikkei + 349
Hangseng + 302
Sgxnifty + 133 (16553)
Brent Crude 65.44
Dow Fut + 65
Dollar Index 93.45
GM jsk stock in news cadila,ashokabuild,SRF,spicejet,tatacom,ril,haltcs,drl,natco,bfutilitie,steelstrips,arvindfashion,aavas,cartrade, pfizer. Negative stocks auropharma, adanientp,infosys. Nifty range 16400-16600.
*Stocks in News*☘️☘️☘️
*Adani Enterprises:* Sebi held Adani Wilmar IPO due to investigation against Adani Enterprises.
*Arvind Fashions:* The company raised Rs 439 crore from marquee investors including promoters at a price of Rs 218.50 per equity share.
*Aurobindo Pharma:* The company approved the termination of binding agreements with Cronus Pharma Specialities India for acquisition of 51% ownership in Cronus Pharma, for Rs 420 crore.
*Cadila Healthcare:* Zydus Cadila has received the Emergency Use Authorization (EUA) from the Drug Controller General of India (DCGI) for ZyCoV-D, the world's first Plasmid DNA vaccine for Covid-19.
*Adani Total Gas:* The company to acquire 50% stake in Smartmeters Technologies.
*TTK Prestige:* Long-term settlement has been reached with the permanent workmen at manufacturing unit at Khardi, Maharashtra.
*Adani Enterprises:* Sebi held Adani Wilmar IPO due to investigation against Adani Enterprises.
*Arvind Fashions:* The company raised Rs 439 crore from marquee investors including promoters at a price of Rs 218.50 per equity share.
*Aurobindo Pharma:* The company approved the termination of binding agreements with Cronus Pharma Specialities India for acquisition of 51% ownership in Cronus Pharma, for Rs 420 crore.
*Cadila Healthcare:* Zydus Cadila has received the Emergency Use Authorization (EUA) from the Drug Controller General of India (DCGI) for ZyCoV-D, the world's first Plasmid DNA vaccine for Covid-19.
*Adani Total Gas:* The company to acquire 50% stake in Smartmeters Technologies.
*TTK Prestige:* Long-term settlement has been reached with the permanent workmen at manufacturing unit at Khardi, Maharashtra.
Infosys 🔥🔥🔥
Ministry of Finance has summoned Salil Parekh, MD & CEO Infosys on Aug 23 to explain why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not been resolved.
❌In fact, since Aug 21 the portal itself is not available.
Ministry of Finance has summoned Salil Parekh, MD & CEO Infosys on Aug 23 to explain why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not been resolved.
❌In fact, since Aug 21 the portal itself is not available.
Stocks with High Promoter Pledge as on 30th June
Large Caps
Vedanta 100% Promoter Holding Pledged
IndusInd Bank 45.5%
Indus Towers 40.3%
Hindustan Zinc 22.8%
Aurobindo Pharma 20.7%
JSW Steel 22.8%
Adani Ports 14.4%
Large Caps
Vedanta 100% Promoter Holding Pledged
IndusInd Bank 45.5%
Indus Towers 40.3%
Hindustan Zinc 22.8%
Aurobindo Pharma 20.7%
JSW Steel 22.8%
Adani Ports 14.4%
Pledge Share Details
Wockhardt: Promoter Themisto Trustee Company created a pledge of 30,000 shares on August 17.
Wockhardt: Promoter Themisto Trustee Company created a pledge of 30,000 shares on August 17.
💉 Zydus Cadila Aims To Deliver Up To 5 Crore Doses Of ZyCov-D Covid Vaccine By January 2022
The Ahmedabad-based pharmaceuticals firm will start producing one crore doses per month of the ZyCov-D vaccine from October, Managing Director Sharvil Patel said in a press conference. "We hope to supply three to five crore doses by the end of January 2022."
Highlights from Zydus Cadila's press conference
Will work closely with regulators to work on the pricing and modalities of ZyCoV-D doses.
Will have a clear answer on pricing in the next 1-2 weeks.
Expect to start delivering doses to the government by the start of September.
Large part of the capacity will be delivered to the central government, which will then get distributed to the states.
Will also provide the opportunity to the private market to get access to the vaccine.
ZyCoV-D can be stored at 2-8 degree Celsius and has shown stability at 25 degree Celsius for at least three months.
This will allow for easy transportation and storage and reduce cold chain challenges.
Have invested around Rs 500 crore so far; will have to make further investments.
Largely funded the vaccine development through internal resources.
ZyCov-D vaccine, developed domestically by Zydus Cadila in partnership with the Department of Biotechnology, had shown an efficacy of 66.6%, according to the interim results from phase-3 clinical trials.
The Ahmedabad-based pharmaceuticals firm will start producing one crore doses per month of the ZyCov-D vaccine from October, Managing Director Sharvil Patel said in a press conference. "We hope to supply three to five crore doses by the end of January 2022."
Highlights from Zydus Cadila's press conference
Will work closely with regulators to work on the pricing and modalities of ZyCoV-D doses.
Will have a clear answer on pricing in the next 1-2 weeks.
Expect to start delivering doses to the government by the start of September.
Large part of the capacity will be delivered to the central government, which will then get distributed to the states.
Will also provide the opportunity to the private market to get access to the vaccine.
ZyCoV-D can be stored at 2-8 degree Celsius and has shown stability at 25 degree Celsius for at least three months.
This will allow for easy transportation and storage and reduce cold chain challenges.
Have invested around Rs 500 crore so far; will have to make further investments.
Largely funded the vaccine development through internal resources.
ZyCov-D vaccine, developed domestically by Zydus Cadila in partnership with the Department of Biotechnology, had shown an efficacy of 66.6%, according to the interim results from phase-3 clinical trials.
DOW JONES UP 236
NASDAQ UP 46
DOW FUTURE UP 77
NASDAQ FUTURE UP 38
SGX NIFTY UP 148
NASDAQ UP 46
DOW FUTURE UP 77
NASDAQ FUTURE UP 38
SGX NIFTY UP 148