Insider Trades

Adani Green Energy: Promoter Infinite Trade and Investments bought 19.80 lakh shares on August 24.

Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 25,000 shares on August 18.

Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 34,600 shares between August 23-24.

Eris Lifesciences: Promoter Amit Bakshi bought 34,534 shares between August 20-24.

Federal-Mogul Goetze (India): Promoter IEH FMGI Holdings LLC sold 8,643 shares on August 20.

Grasim Industries: Promoter IGH Holdings bought 1.55 lakh shares between August 18-20.

Jindal Stainless (Hisar): Promoter JSL Overseas bought 80,191 shares on August 24.

KEI Industries: Promoter Anil Gupta sold 2.10 lakh shares between August 23-25.

LG Balakrishnan & Bros: Promoter V Rajvirdhan sold 1.72 lakh shares between August 20-24.

Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 8,231 shares on August 24.

Nirlon: Promoter Shitaltrading & Interirors sold 5,000 shares on August 24.

Sudarshan Chemical Industries: Promoter Rahul Rathi sold 9.80 lakh shares on August 24.

Sequent Scientific: Promoter Chayadeep Ventures LLP sold 69,544 shares on August 20.

Stocks To Watch

Ujjivan Small Finance Bank: Board has appointed Carol Furtao as officer on special duty. Furtado to manage day-to-day affairs at the bank, till Nitin Chugh's exit on September 30. Furtado to be appointed as interim CEO after September 30, subject to RBI approval. Furtado's appointment at the bank is subject to her resigning as CEO of Ujjivan Financial Services. Ujjivan Small Finance Bank board to evaluate candidates for MD & CEO role parallelly and submit two names to the RBI for approval.

Bharti Airtel: Board of Directors to meet on August 29 to consider raising funds through equity, equity-linked or debt instruments or any combination of these, the company said.

Max Healthcare Institute: Board approved an additional investment of Rs 50 crore by way of subscription towards
Rights Issue of equity shares of Alps Hospitals, a wholly owned subsidiary of the company.

WABCO India: Offer for sale for non-retail investors gets 233% demand as compared to the shares on offer. Demand at indicative price of Rs 6,965.73 per share. The OFS opens for retail investors today.

Kotak Mahindra Bank: To actively seek inorganic growth opportunities in the Indian financial services space This could be in businesses or assets that enables it to expand its market share and increase customer base, said Chairman Prakash Apte. Further, the Group aims to expand its market share in Indian financial services by increasing the customer base across the Group, and enhancing customer experience, which will lead to higher cross-selling of products, thereby contributing to the future growth and profitability, he added.

Future Retail: Appointed Sadashiv Nayak as Chief Executive Officer of the company with effect from August 25.

Infosys: To set up a new digital development centre at its largest Canadian office in Mississauga. The company aims to create 500 jobs in the Toronto Region over the next three years.

Kaveri Seed Company: Approved buyback of equity shares up to Rs 120 crore at a price up to Rs 850 per share.

Bank of India: Approved the opening of QIP on August 25 and the floor price of Rs 66.19 per equity share. The floor price is at a premium of 1.98% to Wednesday’s closing price.

World Markets

Dow + 39
Nasdaq + 22
Dax - 45
Nikkei - 13
Hangseng - 186
Sgxnifty - 23 (16612)
Brent Crude 70.85
Dow Fut - 37
Dollar Index 92.91

Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has concluded a Rs. 293 crore order for a boiler package comprising 3 x Oil & Gas fired boilers on EPC basis for a refinery and petrochemical complex in western India. Marginal Positive

Bulk Deal as on 25-08-21

Artemis Electrical
+ 3.50 Lk @ 53.91 Suncare Traders Ltd
- 3.50 Lk @ 53.92 Miker Financial Consultant Pvt Ltd

Astron Paper
+ 3 Lk @ 59 Apple Weighinfra Ltd

Capacite Infra
- 6.16 Lk @ 144.61 Think India Opportunities Master Fund

Hind Rectifiers Ltd
+ 98 K @ 181.9 Cassini Partners L.P

Industrial Invt Trust
+ 5.46 Lk @ 64.5 Systematix Shares & Stocks (India) Ltd
- 5.46 Lk @ 64.5 Conlecta Capital Advisors Pvt Ltd

Jubilant Pharmova
+ 25 Lk @ 594.35 Jhunjhunwala Rakesh Radheyshyam
+ 20 Lk @ 594.35 Jhunjhunwala Rekha Rajesh
+ 5 Lk @ 594.35 Rekha Rakesh Jhunjhunwala
- 50 Lk @ 594.35 Rare Enterprises

Lasa
+ 3.38 Lk @ 81.85 Shree Vasudev Exim

Refex
+ 1.93 Lk @ 151.56 Nishant Banthia

Money Market Update

The rupee ended at 74.24 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.19

Who’s Meeting Whom

IIFL Finance: To meet Aditya Birla Capital on August 26.

PI Industries: To meet Ambit Capital on August 26.

Manappuram Finance: To meet Enam AMC on August 26.

VIP Industries: To meet HDFC Standard Life Insurance and Kotak on August 26.

Sudarshan Chemical Industries: To meet Kotak Institutional Equities on September 2.

Trading Tweaks

Ex-Date AGM: PNB Housing Finance, Likhitha Infrastructure, Suprajit Engineering, IPCA Laboratories, Ganesha Ecosphere, AIA Engineering, Allsec Technologies, KCP, Edelweiss Financial Services

Ex-Date Dividend: AIA Engineering, Electrosteel Castings, Ganesha Ecosphere, KCP, Kirloskar Brothers, Kalyani Steels, Likhitha Infrastructure

Ex-Date Final Dividend: Edelweiss Financial Services ,Indo Count Industries, Multi Commodity Exchange of India, Suprajit Engineering

Ex-Date Interim Dividend: GRM Overseas

Ex-Date Buy Back: R Systems International

Record Date Buy Back: Star Cement

Record Date Interim Dividend: Polyplex Corporation, DB Corp

Record Date Final Dividend: Hikal

Move Into Short-Term ASM Framework: Prime Focus, Sadbhav Infrastructure Project

Pledge Share Details

Aurobindo Pharma: Promoter K Nityananda Reddy revoked pledge of 5.45 lakh shares on August 23.

Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 2.50 lakh shares on August 20.

Dynamatic Technologies: Promoters (Udayant Malhoutra, Wavell Investments and JKM Holdings) revoked pledge of 4.75 lakh shares on August 24.

Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 10.84 lakh shares between August 20-23.

Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 38 lakh shares on August 19.

Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 15.30 lakh shares on August 23.

Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP created a pledge of 13.86 lakh share

*Good Morning*
• India to Ensure Inflation Not a Cause for Worry, Sitharaman Says
• EAM Jaishankar Spoke to UK’s Dominicraab About Afghanistan
• Indian Stock Exchange Bars Members From Trading in Digital Gold
• Maruti Says India’s High-Tax Regime Has ‘Curtailed’ Auto Market
• ASIA OIL PRODUCTS: India’s Diesel Exports; HSFO Margins Rise
• Time Not Right for Withdrawing India Monetary Stimulus: Das
• Gold Drops Below $1,800 as Traders Await Jackson Hole Gathering
• Xiaomi Buys Self-Driving Tech Startup to Propel EV Ambitions
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 25
• India Will Raise 2021-22 Sugar Cane Benchmark Price for Farmers
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 19.0%
• Global Funds Sell Net INR10.7b of India Stocks on Wednesday: NSE
o Domestic funds sell net 1.51b rupees of stocks
• Foreign Investors Sell Net INR303.1M of Indian Equities on Aug. 24
• Foreigners Buy Net INR33.5B Indian Equity Derivatives Wednesday
• Govt mulls bringing amendments in Budget session for direct listing of securities abroad: PTI
• Power Grid commissions Vindhyachal –Varanasi transmission line: PTI
• RBI to Conduct Open Market Purchase of 250b rupees of debt as part of its 2nd government securities acquisition program
• Bharti Airtel (BHARTI): To consider capital raising options Aug. 29
• Infosys (INFO): To set up digital development center in Toronto region, to create 500 jobs in 3 years
• Bank of India (BOI): Approves opening of QIP issue, sets floor price of 66.19 rupees/share for QIP
• Kotak Mahindra Bank (KMB): To actively seek inorganic growth opportunities such as in business or assets: Chairman at AGM
• Max Healthcare (MAXHEALT): To invest up to INR500m in unit Alps Hospitals
• P&G Hygiene (PG): 4Q net income 489.8m rupees vs. 692.1m y/y; revenue +24% y/y to 7.87b rupees
• Ujjivan Small Finance Bank (UJJIVANS): Names Furtado to lead operations after CEO resigns

*LEADERS’ VOICE*

*BHARAT PURI – MD, Pidilite Industries on growth across segms. & raw material margin pressure*
“Consumer & Bazaar will always grow a little faster as long as the economy grows. We have always said that in Pidilite, we have a very simple correlation to the economy. We divide our business into core growth & pioneer categories; core tends to grow 1.5-2x GDP & growth in pioneer categories at 2-5x GDP. Outlook for these categories is fairly robust.

Margins have been under pressure. We have seen unprecedented rise in raw material prices; our principal raw material VAM, was $900/ton, the current price this year in Q1 was $2,000/ton. But we are seeing some softening of the price, in August it is down to about $1,500/ton. But Q2 will also see margin pressure. Q3 & Q4 we will see softening again.”

*LAKSH VAAMAN SEHGAL – Group VC, Motherson Sumi on substantial revenue from non-auto biz*
“We aim to grow our revenues to $36 bn by FY25. We expect new businesses in non-auto segms to make up for 25 per cent of its revenue then. While auto remains the key focus area, we are also targeting substantial revenues from non-auto industries – aerospace, logistics, industrial solutions, health & medical.

Given our strong relations with OEMs, it is a logical step to offer that support. For aerospace, we have a very strong mfg heritage & we are familiar with low-vol. mfg to the highest quality standards. So, none of these entries were random, they were all logical adjacencies for us & we are confident we can make our mark in them.”

*GEORGE ALEXANDER MUTHOOT – MD, Muthoot Finance on gold loan demand & asset quality*
“During full Q1 there were quite a lot of lockdowns in many states. But in spite of that, we were able to probably do reasonably good collections & growth, but Q2 we have seen good growth and demand in the gold loans so far. I hope that it will be there in the Q3 & Q4 also.

Looking at Gross Stage 3 assets, we generally are comfortable with anything between 1% to 2%. Now it is just 1%, & previously it was less than 1%. So Rs 600 crore is actually nothing alarming, nothing to be concerned about. All these loans we have the full collateral with us so we look at it as ‘we are in the money’.”

*KAUSHIK ROY – MD, Phillips Carbon Black on scaling volumes in international mkts & greenfield capacity*
“In Q1, when domestic demand was impacted due to regional lockdowns, we could swiftly shift higher vols. to the international market. Export sales volume in the quarter was 34 per cent. Our global footprint spans over 45 countries & we have offices in Belgium, China, South Korea, Japan, Germany & Vietnam, among others.

We produce ~603k MT of carbon black annually, have commissioned a greenfield project of about 150k MT for mfg
of various grades of carbon black & green power plant, spread over 60 acres of land in Tamil Nadu. The project is in progress & is likely to be commissioned by Q3 FY23.”

*KALYAN KUMAR PAUL – President (TI Cycles), Tube Investments on foray into e3Ws*
“We will launch our e3Ws (L5M or passenger category) by March next year. Work has already started on it and a lot of equipment is getting installed. We are looking at our possible markets, distribution and service strategy. The strategy is to first look into the Southern mkts & quickly accelerate presence to other regions of the country.

The advantage for us as an EV player would be an established supply chain of 3,500 direct dealer points for bicycles & 190 exclusive retail outlets under the brand ‘Track & Trail’. We can take advantage of this, at least in the initial stages of its EV foray. After L5M, we will get into last-lap connectivity in the cargo (L5N) & later this may be followed by e-rickshaws & scooters.”

Equirus Sales

GM jsk stock in news adanigreen,cipla,geshipp,chemplast,affle,isgec,allieddig,jswsteel,borosil,pvr,maxhealth,redigton. Negative stocks sudarshan chem,p&g. Nifty range 16500-16675.

*SGX Nifty -27 pts (16608) from last trade 16635*

Nikkei +5 pts ,
Hangseng -104 pts ,
Now @7.00am .

Dow +39.24 pts ,Nsdq +22.06 pts, S&P +9.96 pts, Bovespa +606 pts , Ftse +24 pts  , Dax -45 pts , Cac -18 pts , Crude @ $68.03 brl (-0.32), Brent @ $71.97 brl (-0.28) , Gold @ 1792.50 (+1.70), Silver @ $23.885 (+0.11), Euro @ $1.1767, JPY @ $110.04,  INR @ 74.105

*Today's Corporate Action*
*26th  Aug Ex Date*
AIAENG
Dividend - Rs. - 9.0000

EDELWEISS
Final Dividend - Rs. - 0.5500

ELECTCAST
Dividend - Rs. - 0.2500

GANECOS
Dividend - Rs. - 2.0000

GRMOVER
Interim Dividend - Rs. - 3.2500

ICIL
Final Dividend - Rs. - 1.5000

KANCHI
Dividend - Rs. - 4.0000

KCP
Dividend - Rs. - 2.0000

KIRLOSBROS
Dividend - Rs. - 3.0000

KSL
Dividend - Rs. - 7.5000

LIKHITHA
Dividend - Rs. - 1.5000

MCX
Final Dividend - Rs. - 27.6000

MHLXMIRU
Buy Back of Shares

NEAGI
Dividend - Rs. - 30.0000

PPAP
Final Dividend - Rs. - 1.0000

RISHIROOP
Final Dividend - Rs. - 1.2000

RSYSTEMINT
Buy Back of Shares

SALZER
Dividend - Rs. - 1.6000

SUPRAJIT
Final Dividend - Rs. - 1.0000

*Today's Key Results/Board Meetings*
*26-Aug-21*
ASYL
A.G.M.

CALSOFT
General

CRANESSOFT
Quarterly Results

ENCASH
A.G.M.;General

GRAVITY
General

INDLEASE
A.G.M.;General

MCDHOLDING
Quarterly Results

MKEXIM
A.G.M.;General

MOTOGENFIN
A.G.M.

PGHL
Audited Results;Final Dividend

PROVESTSER
General

RAWEDGE
General;A.G.M.

RITESHIN
A.G.M.;General

SAHLIBHFI
A.G.M.

SPARCSYS
A.G.M.;General

STRATMONT
General

TECHNOFAB
A.G.M.;Audited Results

TGVSL
A.G.M.;General

TRISHAKT
A.G.M.

WORTH
General;Preferential Issue of shares

*Stock under F&O ban on NSE*
*26-Aug-21*
1IDEA
2NATIONALUM
3NMDC
4SAIL

Stocks Ban In F&O:

Idea,
Nalco,
NMDC,
Sail

Securities in Ban For Trade Date 26-August 2021:


Idea
NATIONALUM
NMDC
SAIL


*Added - NATIONALUM*
*Deleted-Canbank*

Introduction of Futures & Options Contracts on 10 Individual Securities
w.e.f. August 27, 2021
1 CANFINHOME
2 DIXON
3 HAL
4 IEX
5 INDIAMART
6 IPCALAB
7 MCX
8 OFSS
9 POLYCAB
10 SYNGENE

Hot Stocks | Here's why HDFC Bank and Aurobindo Pharma are good short-term bets

https://www.moneycontrol.com/news/business/markets/hot-stocks-heres-why-hdfc-bank-and-aurobindo-pharma-are-good-short-term-bets-7388781.html

*Morning Action @ 7am – Thursday, August 26th 2021.*

Overnight at Wall Street, S&P 500 and the Nasdaq repeat their record winning performance again —— Closing Highs.

*7 AM GLOBAL UPDATE:*

# SGX Nifty: (-11, 16613)
# Dow (+39, 35406)
# Nasdaq (+22, 15042)
# Bovespa (+607, 120818)
# Nikkei (+38, 27763)
# HangSeng (Closed, 25694)


SGX Nifty however is indicating that Nifty may have lost the momentum that had carried equities higher in a broad rally this week.

Investors’ attention remains focused on Fed Chair Powell’s Jackson Hole speech coming Friday.

Volatility likely to be the hallmark of the day amidst August F&O series expiry.

*MARKET TRENDS:*

# Global: Positive.
# FII: Negative (-1072 Cr)
# DII: Positive (-151 Cr)
# F&O: 16500-116750 zone
# Market Breadth: weak
# Sentiment: Precarious
# Technicals: Higher high/low
# Outlook: 17000+

*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*

*NIFTY (CMP 16635):*

# SUPPORT: 16507/16367
# RESISTANCE: 16727/17001
# RANGE: 16557-16757
# BIAS: Positive.

*BANK NIFTY (CMP 35586):*

# SUPPORT: 34817/33751
# RESISTANCE: 36327/37707
# RANGE: 35207-36357
# BIAS: Positive.


*NEED TO KNOW:*

The positive takeaway from yesterday’s Wall Street trade was that the US equity benchmarks witnessed another positive day —— the fifth one in the row,

The S&P 500 and Nasdaq continued to push even further into record territory despite a fairly quiet day for the broader markets. The S&P 500 climbed 0.2% to an all-time high of 4,496, the Nasdaq (+0.2% to 15,041) produced another record finish, and the Dow (+0.1% to 35,405) inched closer to its Aug. 16 high of 35,625.

*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.