GM jsk stock in news steelstrips,ril,ashokabuild,zentech,eil,mnmfin,bharatforge,mazagon,vivimed,asiangranito,drl,barbeque,icicilombard,icicibk,healthcare,gokuldas,pvr,Exide,asianpaint,nalco. Negative stock spicejet. Nifty range 17200-17400.
India Crude Steel Production for Aug’21 id down by 2% MoM but up by 6% YoY at 9.6 mnt.
India’s Finished Steel Export volume for Aug’21 stood at 1.3 mnt down by 12% MoM but up by 2% YoY. Exports were down MoM as South East Asian countries were under lockdown which dampened the demand, whereas, summer breaks in Europe restricted exports to EU. Neutral
India’s Finished Steel Export volume for Aug’21 stood at 1.3 mnt down by 12% MoM but up by 2% YoY. Exports were down MoM as South East Asian countries were under lockdown which dampened the demand, whereas, summer breaks in Europe restricted exports to EU. Neutral
*M&M Financial:* Collection Efficiency has improved from 90% in June to 95% in July and to 97% in August. Co witnessed a reduction in the NPA contracts during the month as customer cash flows improved and co expects the same to continue in future. *Positive in short term.* (Medium term outlook would depend on: progress of monsoon and covid wave 3)
*NMDC*, has cut iron ore prices for Sept'21 deliveries by INR 1,000-1,160/t ($14-16/t), Negative
Engineers India received order worth Rs.1092cr from Chennai Petroleum Corporation Limited to ne executed over 42 month. Marginal Positive
World Markets
Dow - 75
Nasdaq + 32
Dax - 59
Nikkei + 489
Hangseng - 5
Sgxnifty + 28 (17375)
Brent Crude 71.88
Dow Fut - 40
Dollar Index 92.16
Dow - 75
Nasdaq + 32
Dax - 59
Nikkei + 489
Hangseng - 5
Sgxnifty + 28 (17375)
Brent Crude 71.88
Dow Fut - 40
Dollar Index 92.16
Stocks To Watch
Dr. Reddy's Laboratories: The company, along with its subsidiaries, has entered into a definitive agreement with Citius Pharmaceuticals, Inc. to sell its rights to anti-cancer agent E7777 and certain related assets. Dr. Reddy's will receive $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the cutaneous T-cell lymphoma indication approval and up to $70 million for additional indication approvals.
Mahindra & Mahindra Financial Services: The company’s disbursements in August were at Rs 2,150 crore, 57% higher from a year earlier. Collection efficiency was at about 97%, compared with 95% in July. The company witnessed a meaningful reduction in the NPA contracts in August as customer cash flows improved. It expects downward trajectory to continue in September and in months to come. Liquidity position comfortable as on date, Mahindra Financial said.
Reliance Industries: The wholly owned subsidiary of the company, Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences for Rs 393 crore. A further investment of up to Rs 160 crore is expected to be completed by March 2023. The total investment will translate into 80.3% of equity share capital in Strand on a fully diluted basis. The investment is part of Reliance’s digital health initiatives.
HealthCare Global Enterprises: The company has divested its entire equity holding of 34.5% (on fully The company has also acquired Hospital Lab Management and Clinical Research Site Management business through a Business Transfer Agreement from Strand for Rs 81 crore with a set-off of Rs 7 crore towards receivables.
ICICI Lombard General Insurance Company: IRDAI has granted the final approval for the demerger of the general insurance business of Bharti AXA General Insurance Company to ICICI Lombard by way of a scheme of arrangement. The demerger and transfer of general insurance business, as envisaged in the scheme, shall be effective within three days from the date of the final approval, the insurer said. IRDAI has also granted approval to ICICI Bank to bring down its stake in ICICI Lombard to 30%.
Jindal Steel and Power: Shareholders have approved divestment of entire shareholding of the company in its subsidiary Jindal Power. More than 90% of the minority shareholders voted in the favour of the deal.
HFCL: The board has approved raising up to Rs 750 crore by way of issue of equity shares/preference shares/ bonds/debentures/non-convertible debt instruments/warrants/any other securities.
PNB: The meeting of board of directors to consider the proposal for raising of capital through issuance of Basel-III Compliant Additional Tier-1 Bonds and/or Tier-II Bonds or combination thereof has been re-scheduled to September 10.
Engineers India: The company has received an order worth Rs 1,039 crore from Chennai Petroleum Corporation.
Engineers India has been entrusted with execution of EPCM-1 with MPMC and EPCM-3 services for 9 MMTPA Cauvery Basin Refinery project in Tamil Nadu.
Force Motors: The company’s total production in August stood at 2,148 units. It reported domestic sales of 1,487 units and exports of 500 units.
Jammu & Kashmir Bank: RBI has accorded approval to Government of Jammu and Kashmir to acquire 16.76 crore fully paid-up equity shares on preferential basis, representing 74.24% of equity capital of the bank, subject to compliance of regulatory requirements.
Dr. Reddy's Laboratories: The company, along with its subsidiaries, has entered into a definitive agreement with Citius Pharmaceuticals, Inc. to sell its rights to anti-cancer agent E7777 and certain related assets. Dr. Reddy's will receive $40 million upfront upon the closing of the transaction, followed by approval milestone payment of up to $40 million related to the cutaneous T-cell lymphoma indication approval and up to $70 million for additional indication approvals.
Mahindra & Mahindra Financial Services: The company’s disbursements in August were at Rs 2,150 crore, 57% higher from a year earlier. Collection efficiency was at about 97%, compared with 95% in July. The company witnessed a meaningful reduction in the NPA contracts in August as customer cash flows improved. It expects downward trajectory to continue in September and in months to come. Liquidity position comfortable as on date, Mahindra Financial said.
Reliance Industries: The wholly owned subsidiary of the company, Reliance Strategic Business Ventures, has acquired 2.28 crore equity shares of Strand Life Sciences for Rs 393 crore. A further investment of up to Rs 160 crore is expected to be completed by March 2023. The total investment will translate into 80.3% of equity share capital in Strand on a fully diluted basis. The investment is part of Reliance’s digital health initiatives.
HealthCare Global Enterprises: The company has divested its entire equity holding of 34.5% (on fully The company has also acquired Hospital Lab Management and Clinical Research Site Management business through a Business Transfer Agreement from Strand for Rs 81 crore with a set-off of Rs 7 crore towards receivables.
ICICI Lombard General Insurance Company: IRDAI has granted the final approval for the demerger of the general insurance business of Bharti AXA General Insurance Company to ICICI Lombard by way of a scheme of arrangement. The demerger and transfer of general insurance business, as envisaged in the scheme, shall be effective within three days from the date of the final approval, the insurer said. IRDAI has also granted approval to ICICI Bank to bring down its stake in ICICI Lombard to 30%.
Jindal Steel and Power: Shareholders have approved divestment of entire shareholding of the company in its subsidiary Jindal Power. More than 90% of the minority shareholders voted in the favour of the deal.
HFCL: The board has approved raising up to Rs 750 crore by way of issue of equity shares/preference shares/ bonds/debentures/non-convertible debt instruments/warrants/any other securities.
PNB: The meeting of board of directors to consider the proposal for raising of capital through issuance of Basel-III Compliant Additional Tier-1 Bonds and/or Tier-II Bonds or combination thereof has been re-scheduled to September 10.
Engineers India: The company has received an order worth Rs 1,039 crore from Chennai Petroleum Corporation.
Engineers India has been entrusted with execution of EPCM-1 with MPMC and EPCM-3 services for 9 MMTPA Cauvery Basin Refinery project in Tamil Nadu.
Force Motors: The company’s total production in August stood at 2,148 units. It reported domestic sales of 1,487 units and exports of 500 units.
Jammu & Kashmir Bank: RBI has accorded approval to Government of Jammu and Kashmir to acquire 16.76 crore fully paid-up equity shares on preferential basis, representing 74.24% of equity capital of the bank, subject to compliance of regulatory requirements.
*Good Morning*
• Asia’s Richest Man Bets on $1 Green Hydrogen in a Decade
o Reliance starts building new energy complex at Jamnagar
• Ambani Races Toward World’s Exclusive $100 Billion Wealth Club
• Saudis Cut Oil Prices to Woo Buyers as OPEC+ Boosts Supply
o UAE Unveils New Residency Guidelines to Attract Foreigners
• India’s FX Reserves Record Highest Weekly Jump on IMF Inflow
o Hit an unprecedented $633.6 billion in week to Aug. 27
• Enel Interested in India’s Power Distribution Market, CEO Says
• Indian Builders See Strong Housing Demand, Prices Increasing
• India’s Sensex Clocks Best Weekly Gain Since May, Hits Record
• Digital Dalliance May Be EM Small-Cap Managers’ Checkmate Move
• Global Funds Buy Net INR7.69B of India Stocks on Sept. 3: NSE
o Domestic funds buy net 6.69b rupees of stocks
• Foreign Investors Buy Net INR13.3B of India Equities on Sept. 2
• Foreigners Sell Net INR29.05B of India Equity Derivatives Sept. 3
• Barclays Funds Billionaire Jhunjhunwala’s Zydus Deal, ET Reports
• Govt likely to extend incentive scheme IFLADP for leather, footwear industry till 2025-26: PTI
• Denmark is India’s ‘very unique partner’ in growing back greener: Jaishankar: PTI
• 39 mining projects of Coal India face delays: PTI
• R K Singh asks to ramp up coal supply to power plants: PTI
• Ashapura Minechem (ASMN): Firm has operations in Guinea through unit Société Guinéenne des Mines de Fer. A unit of Guinea’s military seized power and suspended the constitution, destabilizing the West African nation that’s a key source of the raw material used to make aluminum.
• J&K Bank (JKBK): RBI approves Jammu and Kashmir govt to acquire stake
• M&M Financial (MMFS): Says Aug. collections improve, bad loans fall
• Oberoi Realty (OBER): Oberoi says high input costs, fewer launches to drive prices up; Price Rise Inevitable in Indian Housing Market
• Punjab National (PNB): Reschedules Board Meet to Consider Bond Sale to Sept. 10
• Reliance Industries (RIL): Buys $53.8M stake in Strand Life Sciences; further invest up to INR1.6b by March 2023
• Asia’s Richest Man Bets on $1 Green Hydrogen in a Decade
o Reliance starts building new energy complex at Jamnagar
• Ambani Races Toward World’s Exclusive $100 Billion Wealth Club
• Saudis Cut Oil Prices to Woo Buyers as OPEC+ Boosts Supply
o UAE Unveils New Residency Guidelines to Attract Foreigners
• India’s FX Reserves Record Highest Weekly Jump on IMF Inflow
o Hit an unprecedented $633.6 billion in week to Aug. 27
• Enel Interested in India’s Power Distribution Market, CEO Says
• Indian Builders See Strong Housing Demand, Prices Increasing
• India’s Sensex Clocks Best Weekly Gain Since May, Hits Record
• Digital Dalliance May Be EM Small-Cap Managers’ Checkmate Move
• Global Funds Buy Net INR7.69B of India Stocks on Sept. 3: NSE
o Domestic funds buy net 6.69b rupees of stocks
• Foreign Investors Buy Net INR13.3B of India Equities on Sept. 2
• Foreigners Sell Net INR29.05B of India Equity Derivatives Sept. 3
• Barclays Funds Billionaire Jhunjhunwala’s Zydus Deal, ET Reports
• Govt likely to extend incentive scheme IFLADP for leather, footwear industry till 2025-26: PTI
• Denmark is India’s ‘very unique partner’ in growing back greener: Jaishankar: PTI
• 39 mining projects of Coal India face delays: PTI
• R K Singh asks to ramp up coal supply to power plants: PTI
• Ashapura Minechem (ASMN): Firm has operations in Guinea through unit Société Guinéenne des Mines de Fer. A unit of Guinea’s military seized power and suspended the constitution, destabilizing the West African nation that’s a key source of the raw material used to make aluminum.
• J&K Bank (JKBK): RBI approves Jammu and Kashmir govt to acquire stake
• M&M Financial (MMFS): Says Aug. collections improve, bad loans fall
• Oberoi Realty (OBER): Oberoi says high input costs, fewer launches to drive prices up; Price Rise Inevitable in Indian Housing Market
• Punjab National (PNB): Reschedules Board Meet to Consider Bond Sale to Sept. 10
• Reliance Industries (RIL): Buys $53.8M stake in Strand Life Sciences; further invest up to INR1.6b by March 2023
*SGX Nifty +40 pts (17372) from last trade 17332 ,*
Nikkei +499 pts ,
Hangseng -75 pts ,
Now @6.55am .
Dow +74.73 pts ,Nsdq +32.34 pts, S&P
-1.52 pts, Bovespa +256 pts , Ftse -25 pts , Dax -59 pts , Cac -73 pts , Crude @ $68.74 brl (-0.56), Brent @ $72.05 brl (-0.55) , Gold @ 1829.80 (-3.79), Silver @ $24.79 (-0.01), Euro @ $1.1885, JPY @ $109.74, INR @ 72.995
*Today's Corporate Action*
*6th Sep Ex Date*
ALBERTDA
Dividend - Rs. - 6.0000
BHARATRAS
Final Dividend - Rs. - 1.5000
CARERATING
Final Dividend - Rs. - 6.0000
CHEMCRUX
Bonus issue 2:1
DECCANCE
Final Dividend - Rs. - 5.0000
DUTRON
Final Dividend - Rs. - 1.2000
ENGINERSIN
Final Dividend - Rs. - 0.6000
HERANBA
Final Dividend - Rs. - 0.7000
ORIRAIL
Final Dividend - Rs. - 0.2000
PIIND
Final Dividend - Rs. - 2.0000
SHYAMMETL
Dividend - Rs. - 2.7000
SUBROS
Dividend - Rs. - 0.7000
TRANSPEK
Dividend - Rs. - 7.5000
*Today's Key Results/Board Meetings*
*6-Sep-21*
AARTECH
A.G.M.
ALPHA
Quarterly Results
AMTEKAUTO
Audited Results
ARCFIN
General
ARHNTTO
A.G.M.;General
BBREALTY
A.G.M.
CHDCHEM
A.G.M.
CITURGIA
A.G.M.
CLIOINFO
A.G.M.;General
CMBL
A.G.M.
COLORCHIPS
A.G.M.
COVIDH
A.G.M.
EBFL
A.G.M.
EMAMIREAL
Audited Results
GENNEX
A.G.M.;General
GOLDLINE
A.G.M.
GVFILM
A.G.M.;General
HANMAN
A.G.M.
INDITALIA
A.G.M.
INNOVTEC
A.G.M.;General
INTELLADV
A.G.M.;General
JAUSPOL
A.G.M.;General
KAPILRAJ
A.G.M.
KIRANPR
A.G.M.;General
KMEW
A.G.M.
KMSMEDI
Final Dividend;General
LOOKS
A.G.M.;General
LYKISLTD
General
MMLF
General
MONARCH
A.G.M.;General
MRP
A.G.M.
NATIONALUM
Final Dividend;General
NOL
A.G.M.
NTL
A.G.M.
NUVOCO
Quarterly Results
PRADHIN
General
PRECISION
General
RAJOIL
A.G.M.
STDSHOE
General
STRLGUA
General
SUCROSA
A.G.M.
SVPGLOB
A.G.M.
SYMBIOX
General
TARINI
A.G.M.;General
TRANSFD
A.G.M.
UNISTRMU
A.G.M.;General
VCU
A.G.M.;General
VIVIMEDLAB
Issue Of Warrants;Preferential Issue of shares
YASHCHEM
A.G.M.
*Stock under F&O ban on NSE*
*4-Sep-21*
1IBULHSGFIN
Nikkei +499 pts ,
Hangseng -75 pts ,
Now @6.55am .
Dow +74.73 pts ,Nsdq +32.34 pts, S&P
-1.52 pts, Bovespa +256 pts , Ftse -25 pts , Dax -59 pts , Cac -73 pts , Crude @ $68.74 brl (-0.56), Brent @ $72.05 brl (-0.55) , Gold @ 1829.80 (-3.79), Silver @ $24.79 (-0.01), Euro @ $1.1885, JPY @ $109.74, INR @ 72.995
*Today's Corporate Action*
*6th Sep Ex Date*
ALBERTDA
Dividend - Rs. - 6.0000
BHARATRAS
Final Dividend - Rs. - 1.5000
CARERATING
Final Dividend - Rs. - 6.0000
CHEMCRUX
Bonus issue 2:1
DECCANCE
Final Dividend - Rs. - 5.0000
DUTRON
Final Dividend - Rs. - 1.2000
ENGINERSIN
Final Dividend - Rs. - 0.6000
HERANBA
Final Dividend - Rs. - 0.7000
ORIRAIL
Final Dividend - Rs. - 0.2000
PIIND
Final Dividend - Rs. - 2.0000
SHYAMMETL
Dividend - Rs. - 2.7000
SUBROS
Dividend - Rs. - 0.7000
TRANSPEK
Dividend - Rs. - 7.5000
*Today's Key Results/Board Meetings*
*6-Sep-21*
AARTECH
A.G.M.
ALPHA
Quarterly Results
AMTEKAUTO
Audited Results
ARCFIN
General
ARHNTTO
A.G.M.;General
BBREALTY
A.G.M.
CHDCHEM
A.G.M.
CITURGIA
A.G.M.
CLIOINFO
A.G.M.;General
CMBL
A.G.M.
COLORCHIPS
A.G.M.
COVIDH
A.G.M.
EBFL
A.G.M.
EMAMIREAL
Audited Results
GENNEX
A.G.M.;General
GOLDLINE
A.G.M.
GVFILM
A.G.M.;General
HANMAN
A.G.M.
INDITALIA
A.G.M.
INNOVTEC
A.G.M.;General
INTELLADV
A.G.M.;General
JAUSPOL
A.G.M.;General
KAPILRAJ
A.G.M.
KIRANPR
A.G.M.;General
KMEW
A.G.M.
KMSMEDI
Final Dividend;General
LOOKS
A.G.M.;General
LYKISLTD
General
MMLF
General
MONARCH
A.G.M.;General
MRP
A.G.M.
NATIONALUM
Final Dividend;General
NOL
A.G.M.
NTL
A.G.M.
NUVOCO
Quarterly Results
PRADHIN
General
PRECISION
General
RAJOIL
A.G.M.
STDSHOE
General
STRLGUA
General
SUCROSA
A.G.M.
SVPGLOB
A.G.M.
SYMBIOX
General
TARINI
A.G.M.;General
TRANSFD
A.G.M.
UNISTRMU
A.G.M.;General
VCU
A.G.M.;General
VIVIMEDLAB
Issue Of Warrants;Preferential Issue of shares
YASHCHEM
A.G.M.
*Stock under F&O ban on NSE*
*4-Sep-21*
1IBULHSGFIN
Money Market Update
The rupee ended at 73.01 against the U.S. Dollar on Friday as compared to Thursday's closing of 73.06.
The rupee ended at 73.01 against the U.S. Dollar on Friday as compared to Thursday's closing of 73.06.
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 9.25 lakh shares on September 2.
Aarti Industries: Promoters (Jaya Gogri, Labdhi Business Trust and Manomaya Business Trust) sold 25 lakh shares on September 2.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 91,000 shares between September 1-2.
Gati: Promoter TCI Finance sold 12,000 shares on August 31.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1.45 lakh shares between September 1-2.
KNR Constructions: Promoter Kamidi Reddy sold 24.87 lakh shares on September 2.
Lincoln Pharmaceuticals: Promoters (Munjal Patel and Ashish Patel) bought 65,000 shares on September 1.
Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 70,000 shares on September 2.
Nava Bharat Ventures Promoters (AV Dwellings, A9 Homes and SRT Investments) bought 15,200 shares between September 1-2.
Pidilite Industries: Promoter Neerav Parekh sold 19,319 shares between September 1-2.
RPSG Ventures: Promoter STEL Holdings bought 25,759 shares on September 2.
SBI Cards and Payment Services: Promoter SBI Life Insurance Company sold 3 lakh shares on September 2.
Surya Roshni: Promoter
Surya Roshni Employees Welfare Trust bought 20,000 shares on August 31.
Sudarshan Chemical Industries: Promoter Narayandas Rathi sold 1.88 lakh shares on September 2.
Adani Green Energy: Promoter Infinite Trade and Investments bought 9.25 lakh shares on September 2.
Aarti Industries: Promoters (Jaya Gogri, Labdhi Business Trust and Manomaya Business Trust) sold 25 lakh shares on September 2.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 91,000 shares between September 1-2.
Gati: Promoter TCI Finance sold 12,000 shares on August 31.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1.45 lakh shares between September 1-2.
KNR Constructions: Promoter Kamidi Reddy sold 24.87 lakh shares on September 2.
Lincoln Pharmaceuticals: Promoters (Munjal Patel and Ashish Patel) bought 65,000 shares on September 1.
Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 70,000 shares on September 2.
Nava Bharat Ventures Promoters (AV Dwellings, A9 Homes and SRT Investments) bought 15,200 shares between September 1-2.
Pidilite Industries: Promoter Neerav Parekh sold 19,319 shares between September 1-2.
RPSG Ventures: Promoter STEL Holdings bought 25,759 shares on September 2.
SBI Cards and Payment Services: Promoter SBI Life Insurance Company sold 3 lakh shares on September 2.
Surya Roshni: Promoter
Surya Roshni Employees Welfare Trust bought 20,000 shares on August 31.
Sudarshan Chemical Industries: Promoter Narayandas Rathi sold 1.88 lakh shares on September 2.
Who’s Meeting Whom
Blue Star: To meet T Rowe Price on September 6.
Craftsman Automation: To meet Spark Capital Advisors (India) on September 7.
CRISIL: To meet YES Securities on September 6.
Dixon Technologies (India): To meet Enam Asset Management Company on September 6 and Hill Fort Capital and FMR on September 7.
Gland Pharma: To meet Kotak Mutual Fund on September 6 and Emkay Global Financial Services on September 7.
Graphite India: To meet Nippon Life Global Investors Singapore on September 6.
Indian Energy Exchange: To meet HDFC Mutual Fund on September 6.
India Pesticides: To meet Kotak Securities on September 6, Elara capital on September 8, and KR choksey and Emkay Global on September 9.
KEI Industries: To meet Dolat Capital Market on September 6.
Max Healthcare Institute: To meet Citigroup Global Markets on September 6.
PI Industries: To meet HDFC Life Insurance Company on September 9 and Axis Mutual Fund on September 13.
Sobha: To meet Axis Capital on September 6.
Torrent Power: To meet HDFC Life Insurance Company on September 6.
Blue Star: To meet T Rowe Price on September 6.
Craftsman Automation: To meet Spark Capital Advisors (India) on September 7.
CRISIL: To meet YES Securities on September 6.
Dixon Technologies (India): To meet Enam Asset Management Company on September 6 and Hill Fort Capital and FMR on September 7.
Gland Pharma: To meet Kotak Mutual Fund on September 6 and Emkay Global Financial Services on September 7.
Graphite India: To meet Nippon Life Global Investors Singapore on September 6.
Indian Energy Exchange: To meet HDFC Mutual Fund on September 6.
India Pesticides: To meet Kotak Securities on September 6, Elara capital on September 8, and KR choksey and Emkay Global on September 9.
KEI Industries: To meet Dolat Capital Market on September 6.
Max Healthcare Institute: To meet Citigroup Global Markets on September 6.
PI Industries: To meet HDFC Life Insurance Company on September 9 and Axis Mutual Fund on September 13.
Sobha: To meet Axis Capital on September 6.
Torrent Power: To meet HDFC Life Insurance Company on September 6.