Who’s Meeting Whom
Ambuja Cements: To meet Franklin Templeton on August 31.
KEC International: To meet Elara Securities (India) on September 1 and Reliance Securities on September 3.
Titan Company: To meet Macquarie Capital Securities (India) on August 31.
Ambuja Cements: To meet Franklin Templeton on August 31.
KEC International: To meet Elara Securities (India) on September 1 and Reliance Securities on September 3.
Titan Company: To meet Macquarie Capital Securities (India) on August 31.
*L&T Finance:* HSBC is in advanced talks with L&T Finance Holdings to buy its mutual fund arm (Source: Moneycontrol). *Sentimentally Positive.*
World Markets
Dow - 56
Nasdaq + 136
Dax + 36
Nikkei - 32
Hangseng - 267
Sgxnifty - 23 (16929)
Brent Crude 71.84
Dow Fut - 16
Dollar Index 92.66
Dow - 56
Nasdaq + 136
Dax + 36
Nikkei - 32
Hangseng - 267
Sgxnifty - 23 (16929)
Brent Crude 71.84
Dow Fut - 16
Dollar Index 92.66
*BHARTI AIRTEL SEES ARPU RISING TO 200 RUPEES THIS FY: MITTAL
*BHARTI HAS SEEN THE WORST IN TARIFF WARS, ARPU CONTRACTION
*BHARTI HAS SEEN THE WORST IN TARIFF WARS, ARPU CONTRACTION
*_STRONG MONOPOLY BUSINESS COMPANIES :_*
*_Improve Your Knowledge_*
*IRCTC* 100% Market share in Rail Network.
*IEX* >90% market share in power trading.
*Zydus wellness* >90% market share in sugar free product.
*Eicher motors* >85% market share in 250cc bikes category.
*MCX* >85% market share in commodity trading.
*Coal India* >80% market share in coal production in India.
*ITC* >75% market share in cigarettes.
*Honda Siel* >75% in portable power generators.
*Hindustan Zinc* >75% market share in primary zinc industry.
*Asahi India Glass* >70% market share in automotive glass.
*NRB Bearings* >70% market share in needle roller bearings.
*Pidilite* >65% market share in adhesives.
*CAMS* >65% market share in RTA within mutual fund industry.
*Time Technoplast* >65% market share in polymer based industrial packaging.
*Concor* >65% market share in domestic container cargo transport.
*Exide* >60% market share in lead batteries.
*Naukri* >60% market share in the Indian job market space.
*Praj* >60% market share in ethanol plant installing.
*Indiamart Intermesh* >55% market share in the online B2B Classified space.
*Borosil Renewables* >55% market share in Lab glass.
*Vst Tillers* >50% market share in
Power tillers.
*Delta corp* >50% in online poker games.
*Vinati Organics* >50% market share in IBB.
*OCCL* >50% market share in IS.
*LMW* >50% market share in textile machinery.
*Bajaj consumer* >50% market share in almond hair oil.
*Asian paints* >50% market share in decorative paints.
*Colgate* >50% market share in oral care.
*Symphony* >50% market share in
coolers.
*PGHH* >50% market share female care & vaporub.
*La Opala Rg* >50% market share in opalware.
*HLE Glasscoat* >50% market share in filtration & drying equipment.
*Maruti suzuki* >50% market share in passenger cars.
*APL Apollo* >50% market share in structural & pre galvanized tubes.
*GMM pfaudler* >50% market share in glass lined equipment.
*Marico* >40% market share in hair oil (coconut) & edible oil.
*HUL* >40% market share in soaps, household products.
*Nestle* >40% market share in Instant noodles. >95% in infant nutrition.
*Blue dart* >40% market share in air express courier service.
*VIP* >40% market share in luggage.
*USL* >40% market share in spirits/whisky.
*UBL* >40% market share in beer.
*Sundram fasteners* >40% market share in fasteners.
*Nocil* >40% market share in rubber chemicals.
*Gillette* >40% market share in razors & blades.
*Alkyl Amines* >40% market share in DMAHCL.
*TTK Prestige* >40% market share in pressure cookers.
*Hero Motocorp* >35% market share in 2 wheelers.
*Reliance* >35% market share in telecom.
*Britannia* >35% market share in biscuits.
*_Improve Your Knowledge_*
*IRCTC* 100% Market share in Rail Network.
*IEX* >90% market share in power trading.
*Zydus wellness* >90% market share in sugar free product.
*Eicher motors* >85% market share in 250cc bikes category.
*MCX* >85% market share in commodity trading.
*Coal India* >80% market share in coal production in India.
*ITC* >75% market share in cigarettes.
*Honda Siel* >75% in portable power generators.
*Hindustan Zinc* >75% market share in primary zinc industry.
*Asahi India Glass* >70% market share in automotive glass.
*NRB Bearings* >70% market share in needle roller bearings.
*Pidilite* >65% market share in adhesives.
*CAMS* >65% market share in RTA within mutual fund industry.
*Time Technoplast* >65% market share in polymer based industrial packaging.
*Concor* >65% market share in domestic container cargo transport.
*Exide* >60% market share in lead batteries.
*Naukri* >60% market share in the Indian job market space.
*Praj* >60% market share in ethanol plant installing.
*Indiamart Intermesh* >55% market share in the online B2B Classified space.
*Borosil Renewables* >55% market share in Lab glass.
*Vst Tillers* >50% market share in
Power tillers.
*Delta corp* >50% in online poker games.
*Vinati Organics* >50% market share in IBB.
*OCCL* >50% market share in IS.
*LMW* >50% market share in textile machinery.
*Bajaj consumer* >50% market share in almond hair oil.
*Asian paints* >50% market share in decorative paints.
*Colgate* >50% market share in oral care.
*Symphony* >50% market share in
coolers.
*PGHH* >50% market share female care & vaporub.
*La Opala Rg* >50% market share in opalware.
*HLE Glasscoat* >50% market share in filtration & drying equipment.
*Maruti suzuki* >50% market share in passenger cars.
*APL Apollo* >50% market share in structural & pre galvanized tubes.
*GMM pfaudler* >50% market share in glass lined equipment.
*Marico* >40% market share in hair oil (coconut) & edible oil.
*HUL* >40% market share in soaps, household products.
*Nestle* >40% market share in Instant noodles. >95% in infant nutrition.
*Blue dart* >40% market share in air express courier service.
*VIP* >40% market share in luggage.
*USL* >40% market share in spirits/whisky.
*UBL* >40% market share in beer.
*Sundram fasteners* >40% market share in fasteners.
*Nocil* >40% market share in rubber chemicals.
*Gillette* >40% market share in razors & blades.
*Alkyl Amines* >40% market share in DMAHCL.
*TTK Prestige* >40% market share in pressure cookers.
*Hero Motocorp* >35% market share in 2 wheelers.
*Reliance* >35% market share in telecom.
*Britannia* >35% market share in biscuits.
Existing shareholders of telecom major Bharti Airtel may be able to sell their rights entitlement between Rs 60 and Rs 70 per unit
https://mybs.in/2ZgnQt7
https://mybs.in/2ZgnQt7
Business-Standard
Airtel rights entitlement price could be Rs 60-70 per share: Analysts
Airtel on Sunday announced a fund raise of Rs 21,000 crore by way of rights issue
The Ministry of Textiles has cleared a proposal for a Production Linked Incentive or PLI scheme.
The scheme involves a Rs 10,680-crore corpus to be provided by the government to revive the textile and apparel sector that is not just ailing but facing stiff global competition from manufacturers in Bangladesh and Vietnam.
The scheme involves a Rs 10,680-crore corpus to be provided by the government to revive the textile and apparel sector that is not just ailing but facing stiff global competition from manufacturers in Bangladesh and Vietnam.
*Acrysil:* Co has announced further expansion of production capacity by an additional 160,000 Quartz Sinks p.a. through Greenfield Project at Bhavnagar in Gujarat. This takes the overall capacity to 1,000,000 sinks (1 million sinks) p.a. The capex involves an investment of Rs.38 Cr in Land & Building, Moulds, Plant & Machinery, etc. The project is likely to be completed by Q1FY23 and will be financed by mix of internal accruals and debt. *Positive.* _This expansion provides strong growth visibility for FY23 on top of the already high growth expected in FY22._
NALCO: The company has called a board meeting on 6th September (Monday) to consider payment of final dividend, if any, for the year FY20-21.
Bulk Deal as on 30-08-21
Bal Pharma
- 1 Lk @ 102.6 Marida Atul
Coffee Day
- 24.50 Lk @ 25.47 KKR Mauritius Pe Investment II Ltd
Fiem Ind
- 70 K @ 971.01 Mayank Securities Pvt Ltd
Liberty Shoe
+ 1 Lk @ 171.01 Shreekant Varun Phumbhra ( HUF)
N.B.I Ind Fin Co Ltd
+ 56 K @ 2945 Metrica Asia Event Driven Master Fund
- 58 K @ 2942.31 Newa Investment Pvt Ltd
Stove Kraft
+ 3.33 Lk @ 947.74 WHV-Eam International
Small Cap Equity
Vip Industries
- 26 Lk @ 460 Kiddy Plast Ltd
- 16.30 Lk @ 460 DGP Enterprises Pvt Ltd
+ 23.48 Lk @ 460 Pioneer Investment Fund
Vishal Fabrics
+ 7.05 Lk @ 112.25 Nomura Singapore Ltd
Bal Pharma
- 1 Lk @ 102.6 Marida Atul
Coffee Day
- 24.50 Lk @ 25.47 KKR Mauritius Pe Investment II Ltd
Fiem Ind
- 70 K @ 971.01 Mayank Securities Pvt Ltd
Liberty Shoe
+ 1 Lk @ 171.01 Shreekant Varun Phumbhra ( HUF)
N.B.I Ind Fin Co Ltd
+ 56 K @ 2945 Metrica Asia Event Driven Master Fund
- 58 K @ 2942.31 Newa Investment Pvt Ltd
Stove Kraft
+ 3.33 Lk @ 947.74 WHV-Eam International
Small Cap Equity
Vip Industries
- 26 Lk @ 460 Kiddy Plast Ltd
- 16.30 Lk @ 460 DGP Enterprises Pvt Ltd
+ 23.48 Lk @ 460 Pioneer Investment Fund
Vishal Fabrics
+ 7.05 Lk @ 112.25 Nomura Singapore Ltd
Pledge Share Details
Jindal Steel & Power: Promoter Siddeshwari Tradex created a pledge of 5 lakh shares on August 25.
Steel Exchange India: Promoter Vizag Profiles created a pledge of 25.64 lakh shares on August 26.
Jindal Steel & Power: Promoter Siddeshwari Tradex created a pledge of 5 lakh shares on August 25.
Steel Exchange India: Promoter Vizag Profiles created a pledge of 25.64 lakh shares on August 26.
*NEWS UPDATE:* FINANCE MINISTER N SITHARAMAN IS EXPECTED TO ANNOUNCE LOAN GUARANTEE SCHEME FOR COVID AFFECTED SECTOR TOMORROW
(SUPPORTIVE FOR AVIATION, HOTEL AND TOURISM RELATED SECTORS)...fwd
(SUPPORTIVE FOR AVIATION, HOTEL AND TOURISM RELATED SECTORS)...fwd
*India Special Situations: Rights Issue: Bharti Airtel (BHARTI IN) CMP INR 595 | Rights Price INR 535*
*Issue Size:* INR210bn
*Rights issue Price:* INR 535/share
*Rights ratio:* 1:14 (1 share for every 14 shares held)
*Structure:* Partly Paid Up
*Terms of payment :* 25% on application and balance in two more calls as may be decided by the Board / Committee of the Board within 36 months.
*Our View*
-A 'Special Committee of Directors' has been constituted to decide the other terms and conditions of the issue including Issue period and the Record date. *We expect the issue to go Ex in a month’s time frame.*
*-Partly paid up rights issue will offer holders like Passive, Active fund managers and Arbitrageurs a wide set of options to enhance yield. We have jotted down the various options below.*
*-Passive (Index/ETF) managers:* BHARTI is a part of MSCI, FTSE, NIFTY50 and SENSEX30 indices. As indices don’t permit to retain partly paid rights, passive managers will have to sell the renunciation forms (RR-forms) when the window for trading starts. From an intention of hedging, prior to the Ex-date (a day before), Index/ETFs can proportionately sell the shares based on the rights ratio (E.g. a holder of 15,000 shares should sell 1,000 shares on the day before it goes Ex in order to lock in the price for 1000 Rights that will get credited. Post selling, the shares in portfolio will be 14,000 shares which will entitle one to 1,000 Rights. Now on listing of the RR-Forms, unwind the position by selling the RR-Forms and buying back the 1000 shares in order to realign the number of BHARTI shares in the Index/ETF. In an event where the stock corrects at the time of trading of RR-Forms, the loss on the RR-Form will be compensated by buying BHARTI shares at lower price and vice versa).
*-Active managers:* Similar to RILPP IN, BHARTI partly paid up will offer holders an opportunity to hold BHARTI at lower value in the portfolio as against the fully paid up shares. The unpaid value on partly paid shares can be deployed elsewhere.
*-Arbitrageurs:* As an arbitrageur an efficient way to handle exiting position is unwinding position before the issue goes Ex if futures are trading at discount or par also as rights don’t add any additional benefit in a pure arbitrage strategy. However if one wishes to carry forward the position (if unwinding is not possible due to size or futures trading at premium), then one needs to sell additional futures on or before ex-cum-date. After the RR-Forms start trading, one can also explore arbitrage opportunities based on the carry available with relevant month futures.
*IIFL Alternative Research*
*Issue Size:* INR210bn
*Rights issue Price:* INR 535/share
*Rights ratio:* 1:14 (1 share for every 14 shares held)
*Structure:* Partly Paid Up
*Terms of payment :* 25% on application and balance in two more calls as may be decided by the Board / Committee of the Board within 36 months.
*Our View*
-A 'Special Committee of Directors' has been constituted to decide the other terms and conditions of the issue including Issue period and the Record date. *We expect the issue to go Ex in a month’s time frame.*
*-Partly paid up rights issue will offer holders like Passive, Active fund managers and Arbitrageurs a wide set of options to enhance yield. We have jotted down the various options below.*
*-Passive (Index/ETF) managers:* BHARTI is a part of MSCI, FTSE, NIFTY50 and SENSEX30 indices. As indices don’t permit to retain partly paid rights, passive managers will have to sell the renunciation forms (RR-forms) when the window for trading starts. From an intention of hedging, prior to the Ex-date (a day before), Index/ETFs can proportionately sell the shares based on the rights ratio (E.g. a holder of 15,000 shares should sell 1,000 shares on the day before it goes Ex in order to lock in the price for 1000 Rights that will get credited. Post selling, the shares in portfolio will be 14,000 shares which will entitle one to 1,000 Rights. Now on listing of the RR-Forms, unwind the position by selling the RR-Forms and buying back the 1000 shares in order to realign the number of BHARTI shares in the Index/ETF. In an event where the stock corrects at the time of trading of RR-Forms, the loss on the RR-Form will be compensated by buying BHARTI shares at lower price and vice versa).
*-Active managers:* Similar to RILPP IN, BHARTI partly paid up will offer holders an opportunity to hold BHARTI at lower value in the portfolio as against the fully paid up shares. The unpaid value on partly paid shares can be deployed elsewhere.
*-Arbitrageurs:* As an arbitrageur an efficient way to handle exiting position is unwinding position before the issue goes Ex if futures are trading at discount or par also as rights don’t add any additional benefit in a pure arbitrage strategy. However if one wishes to carry forward the position (if unwinding is not possible due to size or futures trading at premium), then one needs to sell additional futures on or before ex-cum-date. After the RR-Forms start trading, one can also explore arbitrage opportunities based on the carry available with relevant month futures.
*IIFL Alternative Research*
KEEP BOOKING PROFITS IN STOCKS WHICH ARE GIVING YOU GOOD RETURNS. DONT BE GREEDY, IF YOU WISH TO HOLD BOOK PART AND TRAIL REST.