Bulk Deal as on 24-08-21
Arvind Fashion
+ 7.23 Lk @ 262.28 Aura Business Venture LLP
- 9.14 Lk @ 261.75 Multiple Private Equity FII
Capacite Infra
- 13.99 Lk @ 142.1 Think India Opportunities Master Fund
Chemplast Sanmar
- 11.94 Lk @ 548.95 Clsa Global Markets Pte
+ 8.92 Lk @ 534.97 Copthall Mauritius Investment Ltd
Crest Ventures
+ 1.67 Lk @ 123.67 Fine Estates Pvt Ltd
Intrasoft Technology
- 79 K @ 112.15 Trust Investment Advisors Pvt Ltd
Sudarshan Chemical
+ 5.89 Lk @ 565 Axis Mutual Fund Ac Axis Small Cap Fund
- 9.80 Lk @ 565.04 Rahul Pradeep Rathi
Arvind Fashion
+ 7.23 Lk @ 262.28 Aura Business Venture LLP
- 9.14 Lk @ 261.75 Multiple Private Equity FII
Capacite Infra
- 13.99 Lk @ 142.1 Think India Opportunities Master Fund
Chemplast Sanmar
- 11.94 Lk @ 548.95 Clsa Global Markets Pte
+ 8.92 Lk @ 534.97 Copthall Mauritius Investment Ltd
Crest Ventures
+ 1.67 Lk @ 123.67 Fine Estates Pvt Ltd
Intrasoft Technology
- 79 K @ 112.15 Trust Investment Advisors Pvt Ltd
Sudarshan Chemical
+ 5.89 Lk @ 565 Axis Mutual Fund Ac Axis Small Cap Fund
- 9.80 Lk @ 565.04 Rahul Pradeep Rathi
Promoter of Wabco India to sale 2.01% holding or 3.80 lakh share ( Rs.262cr) through OFC tomorrow and day after tomorrow with Floor price of Rs.6900. post this OFS promoter holding will come down to 75%
Isgec has received a prestigious order for an EPCC Plant for a new Sulphur Recovery Unit (SRU), Tail Gas Treatment Unit (TGTU), new Amine Regeneration Unit (ARU), new Sour Water Stripper Unit (SWS), Sulphur Yard, and Allied Facilities for an oil refinery expansion project. It's the first Integrated EPC Process Plant order in the Refinery Sector for Isgec. The broad scope includes Project Management, Residual Process Design, Detailed Engineering, Procurement, Fabrication, Inspection, Transportation, Storage, Assembly, Construction, Installation, and Testing. Amount Not disclosed. Positive
*1st Ipo of September Announcement*
*BREAKING News*
Vijaya Diagnostic Center Limited file RHP with SEBI on 24-Aug-2021
Issue Date : *1 to 3-Sep, 2021*
OFS : 35,688,064 Shares
Retail : 35%
Employee : 1,50,000 Shares
FV : ₹1
IPO Open : September 1, 2021
IPO Close : September 3, 2021
Basis of Allotment : September 8, 2021
Initiation of Refunds: September 9, 2021
Credit of Shares : September 13, 2021
IPO Listing Date : September 14, 2021.
*BREAKING News*
Vijaya Diagnostic Center Limited file RHP with SEBI on 24-Aug-2021
Issue Date : *1 to 3-Sep, 2021*
OFS : 35,688,064 Shares
Retail : 35%
Employee : 1,50,000 Shares
FV : ₹1
IPO Open : September 1, 2021
IPO Close : September 3, 2021
Basis of Allotment : September 8, 2021
Initiation of Refunds: September 9, 2021
Credit of Shares : September 13, 2021
IPO Listing Date : September 14, 2021.
Dalal & Broacha initiates on heranba inds
Target of 1200-58% upside potential
Beneficiary of china+1
Synthetic pyretheroids-future molecule of agrochem
Present in entire value chain
Mkt share-20% in dom pyretheroid
New molecules launch
US EU entry
Debt free
Target of 1200-58% upside potential
Beneficiary of china+1
Synthetic pyretheroids-future molecule of agrochem
Present in entire value chain
Mkt share-20% in dom pyretheroid
New molecules launch
US EU entry
Debt free
Why Graphite India, HEG Expect A Much Better Second Quarter
Shares of the makers of graphite electrodes, a key input for steelmaking, have surged in the past year as demand recovered, reversing two years of declines. The companies expect consumption to improve in the ongoing quarter. Prices of electrodes rose in the past year as the global economy recovered from the first round of lockdowns in early 2020. As a result, HEG Ltd. and Graphite India Ltd. Have jumped about threefold in the last year.
Q1 Cements Turnaround Operating income rose for both Indian graphite electrode makers in the quarter ended June. For Graphite India, it surged 35% sequentially, while HEG saw an 18% growth. It was driven by higher prices, which was partly offset by slightly lower electrode volumes during the second wave and higher commodity costs.
Margins are expected to improve substantially in the ongoing quarter due to depletion of high-cost electrode and needle coke inventory, Manish Gulati, executive director at HEG, said in an interview to BloombergQuint. He guided for 10-15% sequentially higher electrode prices and capacity utilisation.
Electrode prices rose 10% for both ultra-high-power and high-power grades in April-June. And he expects another 10-15% rise in the second quarter ending September on rising steel production through electric arc furnaces.
Higher Output, Demand Aid Prices
Prices rose because of higher production in North America, South America, European Union and the Middle East where steel scrap is recycled in electric arc furnaces. The global crude steel production excluding China surged 35.8% over a year earlier and 6.2% from the preceding quarter in the three months ended June, HEG’s management said in a conference call
All major steel-producing countries registered a sequential growth except India, where output declined 4.4% because of the second wave. Domestic demand for steel and electrodes, however, started rising from June as lockdowns were eased.
Demand for steel and electrodes is expected to rise in both domestic and international markets, KK Bangur, chairman at Graphite India, said in an analyst call after April-June earnings. Global crude steel production between January and June surpassed crossed 1,000 million tonnes, up 14% over a year earlier, according to World Steel Association data. The output outside China jumped 18%, while it rose 11% in China. What is encouraging is that the rest of the world steel production has outpaced growth in China, Ravi Jhunjhunwala, chairman, managing director and chief executive officer at HEG, said in an interview to BloombergQuint.
This augurs well as the rest of the world produces nearly half the steel via electric arc furnaces, he said.
The China Factor
Since 2016, China has closed about 300 million tonnes of outdated and highly polluting steel production capacity but around 908 million tonnes remain, according to Graphite India’s presentation. Such units are being replaced by environment friendly electric arc furnaces.
China also abolished 13% value-added tax on certain steel exports to reduce steel production and exports. Lower exports from the nation bodes well for other EAF steel-producing nations.
The nation’s steel exports are expected to fall under the government policy to cut or maintain crude steel output at 2020 levels as part of Beijing's goal to achieve carbon neutrality by 2060.
Other Factors Supporting Steel Output
Growth in EAF steel production globally is expected to drive demand for electrodes in the near term.
India’s increased spending on infrastructure and the revival of key sectors such as construction, mining, capital goods and automobiles will have a positive impact on steel production and electrodes demand.
Withdrawal of customs duty in India on scrap imports
Shares of the makers of graphite electrodes, a key input for steelmaking, have surged in the past year as demand recovered, reversing two years of declines. The companies expect consumption to improve in the ongoing quarter. Prices of electrodes rose in the past year as the global economy recovered from the first round of lockdowns in early 2020. As a result, HEG Ltd. and Graphite India Ltd. Have jumped about threefold in the last year.
Q1 Cements Turnaround Operating income rose for both Indian graphite electrode makers in the quarter ended June. For Graphite India, it surged 35% sequentially, while HEG saw an 18% growth. It was driven by higher prices, which was partly offset by slightly lower electrode volumes during the second wave and higher commodity costs.
Margins are expected to improve substantially in the ongoing quarter due to depletion of high-cost electrode and needle coke inventory, Manish Gulati, executive director at HEG, said in an interview to BloombergQuint. He guided for 10-15% sequentially higher electrode prices and capacity utilisation.
Electrode prices rose 10% for both ultra-high-power and high-power grades in April-June. And he expects another 10-15% rise in the second quarter ending September on rising steel production through electric arc furnaces.
Higher Output, Demand Aid Prices
Prices rose because of higher production in North America, South America, European Union and the Middle East where steel scrap is recycled in electric arc furnaces. The global crude steel production excluding China surged 35.8% over a year earlier and 6.2% from the preceding quarter in the three months ended June, HEG’s management said in a conference call
All major steel-producing countries registered a sequential growth except India, where output declined 4.4% because of the second wave. Domestic demand for steel and electrodes, however, started rising from June as lockdowns were eased.
Demand for steel and electrodes is expected to rise in both domestic and international markets, KK Bangur, chairman at Graphite India, said in an analyst call after April-June earnings. Global crude steel production between January and June surpassed crossed 1,000 million tonnes, up 14% over a year earlier, according to World Steel Association data. The output outside China jumped 18%, while it rose 11% in China. What is encouraging is that the rest of the world steel production has outpaced growth in China, Ravi Jhunjhunwala, chairman, managing director and chief executive officer at HEG, said in an interview to BloombergQuint.
This augurs well as the rest of the world produces nearly half the steel via electric arc furnaces, he said.
The China Factor
Since 2016, China has closed about 300 million tonnes of outdated and highly polluting steel production capacity but around 908 million tonnes remain, according to Graphite India’s presentation. Such units are being replaced by environment friendly electric arc furnaces.
China also abolished 13% value-added tax on certain steel exports to reduce steel production and exports. Lower exports from the nation bodes well for other EAF steel-producing nations.
The nation’s steel exports are expected to fall under the government policy to cut or maintain crude steel output at 2020 levels as part of Beijing's goal to achieve carbon neutrality by 2060.
Other Factors Supporting Steel Output
Growth in EAF steel production globally is expected to drive demand for electrodes in the near term.
India’s increased spending on infrastructure and the revival of key sectors such as construction, mining, capital goods and automobiles will have a positive impact on steel production and electrodes demand.
Withdrawal of customs duty in India on scrap imports