Pledge Share Details
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 2 lakh shares on September 23.
Adani Ports and SEZ: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 12.30 lakh shares on September 23.
Johnson Controls-Hitachi Air Conditioning India: Promoter JCHAC India Holdco created a pledge of 65.25 lakh shares on May 28.
Max Financial Services Promoter Max Ventures Investment Holdings revoked pledge of 2.45 lakh shares on September 22
Adani Transmission: Promoter Adani Tradeline LLP revoked pledge of 2 lakh shares on September 23.
Adani Ports and SEZ: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 12.30 lakh shares on September 23.
Johnson Controls-Hitachi Air Conditioning India: Promoter JCHAC India Holdco created a pledge of 65.25 lakh shares on May 28.
Max Financial Services Promoter Max Ventures Investment Holdings revoked pledge of 2.45 lakh shares on September 22
World Markets
Dow + 33
Nasdaq - 5
Dax - 112
Nikkei + 89
Hangseng + 128
Sgxnifty + 140 (17989)
Brent Crude 78.47
Dow Fut + 163
Dollar Index 93.26
Dow + 33
Nasdaq - 5
Dax - 112
Nikkei + 89
Hangseng + 128
Sgxnifty + 140 (17989)
Brent Crude 78.47
Dow Fut + 163
Dollar Index 93.26
Stocks To Watch
Alembic Pharmaceuticals: Almirall sues Aleor to block copies of Aczone acne treatment
Balkrishna Industries: To raise Rs 1,000 crore via long term finance
NBCC (India): The company has secured an order for construction of 2,000 social housing at Hulhumale, Maldives on EPC basis. The total cost of the project is $130 million (approximately Rs 968.50 crore)
United Breweries: The Competition Commission of India has imposed a penalty of Rs 751.83 crore on the company for anti-competitive conduct in the beer market in India.
SJVN: The company has bagged a 1000 MW solar power project through Request for Proposal floated by Indian Renewable Energy Development Agency. The tentative cost of construction and development of this project is Rs 5,500 crore.
Indiabulls Housing Finance The company has sold a portion of its stake in OakNorth Holdings for approximately Rs 251 crore.
Nucleus Software Exports: Approved buyback of 22.67 lakh equity shares, comprising of 7.81% of the total paid-up equity capital of the company, at Rs 700 each for an aggregate amount of Rs 158.71 crore.
Dalmia Bharat: Dalmia Cement (Bharat), a subsidiary of the company, has commenced commercial production of Line 2, having a capacity of 2.25 million tonnes at its Kapilas Cement Manufacturing Works Unit near Cuttack, Odisha. With this addition, the company’s overall capacity at the plant has gone up to 3.95 MT per annum.
Hindustan Copper: Government to offer up to 31.98 lakh equity shares of face value of Rs 5 each to the eligible employees of the company at Rs 116 per equity share.
Orient Cement: The company has identified land admeasuring approximately 35 acres in Maharashtra, for establishing a Cement Grinding Unit. In this regard, Orient Cement has entered into a non-binding MoU with Adani Power Maharashtra, the lawful lessee, for facilitating bona fide use of the land for setting up CGU.
Container Corporation of India: Extended the tenure of V Kalyana Rama, Chairman and Managing Director of the company, till September 30, 2023.
EKI Energy Services: The company has opened three new international business points in Thailand, Jordon, and Indonesia, to meet the growing demand of services related to carbon credits. With this, the company now has presence in 12 countries.
Power Grid Corp: Seeks to raise funds up to Rs 6,000 crore
Alembic Pharmaceuticals: Almirall sues Aleor to block copies of Aczone acne treatment
Balkrishna Industries: To raise Rs 1,000 crore via long term finance
NBCC (India): The company has secured an order for construction of 2,000 social housing at Hulhumale, Maldives on EPC basis. The total cost of the project is $130 million (approximately Rs 968.50 crore)
United Breweries: The Competition Commission of India has imposed a penalty of Rs 751.83 crore on the company for anti-competitive conduct in the beer market in India.
SJVN: The company has bagged a 1000 MW solar power project through Request for Proposal floated by Indian Renewable Energy Development Agency. The tentative cost of construction and development of this project is Rs 5,500 crore.
Indiabulls Housing Finance The company has sold a portion of its stake in OakNorth Holdings for approximately Rs 251 crore.
Nucleus Software Exports: Approved buyback of 22.67 lakh equity shares, comprising of 7.81% of the total paid-up equity capital of the company, at Rs 700 each for an aggregate amount of Rs 158.71 crore.
Dalmia Bharat: Dalmia Cement (Bharat), a subsidiary of the company, has commenced commercial production of Line 2, having a capacity of 2.25 million tonnes at its Kapilas Cement Manufacturing Works Unit near Cuttack, Odisha. With this addition, the company’s overall capacity at the plant has gone up to 3.95 MT per annum.
Hindustan Copper: Government to offer up to 31.98 lakh equity shares of face value of Rs 5 each to the eligible employees of the company at Rs 116 per equity share.
Orient Cement: The company has identified land admeasuring approximately 35 acres in Maharashtra, for establishing a Cement Grinding Unit. In this regard, Orient Cement has entered into a non-binding MoU with Adani Power Maharashtra, the lawful lessee, for facilitating bona fide use of the land for setting up CGU.
Container Corporation of India: Extended the tenure of V Kalyana Rama, Chairman and Managing Director of the company, till September 30, 2023.
EKI Energy Services: The company has opened three new international business points in Thailand, Jordon, and Indonesia, to meet the growing demand of services related to carbon credits. With this, the company now has presence in 12 countries.
Power Grid Corp: Seeks to raise funds up to Rs 6,000 crore
*Economic calendar, September 27th 2021*
🇯🇵 *Japan* : Corporate Services Price Index (CSPI) (YoY), Leading Index
🇨🇳 *China* : Chinese Industrial profit (YoY) (Aug), Chinese Industrial profit YTD (Aug)
🇪🇺 *Euro* : German 12-Month Bubill Auction
🇺🇸 *USA* : Goods Orders Non Defense Ex Air (MoM) (Aug), Core Durable Goods Orders (MoM) (Aug), Durables Excluding Defense (MoM) (Aug), Durable Goods Orders (MoM) (Aug), Dallas Fed Mfg Business Index (Sep), 3-Month Bill Auction, 6-Month Bill Auction, 2-Year Note Auction, 5-Year Note Auction
🇯🇵 *Japan* : Corporate Services Price Index (CSPI) (YoY), Leading Index
🇨🇳 *China* : Chinese Industrial profit (YoY) (Aug), Chinese Industrial profit YTD (Aug)
🇪🇺 *Euro* : German 12-Month Bubill Auction
🇺🇸 *USA* : Goods Orders Non Defense Ex Air (MoM) (Aug), Core Durable Goods Orders (MoM) (Aug), Durables Excluding Defense (MoM) (Aug), Durable Goods Orders (MoM) (Aug), Dallas Fed Mfg Business Index (Sep), 3-Month Bill Auction, 6-Month Bill Auction, 2-Year Note Auction, 5-Year Note Auction
Stocks Ban In F&O:
Canara Bank,
Escorts,
Indiabulls Hsg,
Idea,
IRCTC,
PNB,
Sail,
Zeel
Canara Bank,
Escorts,
Indiabulls Hsg,
Idea,
IRCTC,
PNB,
Sail,
Zeel
*Morning Action @ 7am – Monday, September 27th 2021.*
In early action, SGX Nifty is seen posting decent gains despite sluggish leads.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+45, 17903)
# Dow (+33, 34798)
# Nasdaq (-5, 15048)
# Bovespa (-782, 113283)
# Nikkei (+30, 30279)
# Hang Seng (-61, 24131)
*Nifty bulls will be challenged by the Evergrande risks and as the street starts to contemplate Federal Reserve tightening.*
*MARKET TRENDS:*
# Global: Positive
# FII: Positive (+443 Cr)
# DII: Negative (-516 Cr)
# F&O: 17500-18100 zone
# Market Breadth: Strong
# Sentiment: Bullish
# Technicals: Higher high/low
# Outlook: Nifty 18000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17853):*
# SUPPORT: 17713/17571
# RESISTANCE: 18001/18211
# RANGE: 17771-18017
# BIAS: Positive.
*BANK NIFTY (CMP 37830):*
# SUPPORT: 37487/37075
# RESISTANCE: 38113/39001
# RANGE: 37511-38511
# BIAS: Positive.
*NEED TO KNOW:*
*This week’s key catalysts:*
1. China’s Evergrande.
2. US debt ceiling.
3. Elections in Germany which will be crucial for Eurozone’s spending agenda.
4. Japan’s ruling party which will select its new leader this Wednesday.
5. Equity markets likely to remain choppy and volatile on backdrop of September series F&O expiry.
6. Auto Sales data for September month will trickle in on Friday, October 1st.
7. The street will be worried as Delta Variant is overwhelming Alaska, site of worst U.S. outbreak. Hospitals in Alaska struggle to handle a worsening outbreak.
*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.
In early action, SGX Nifty is seen posting decent gains despite sluggish leads.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+45, 17903)
# Dow (+33, 34798)
# Nasdaq (-5, 15048)
# Bovespa (-782, 113283)
# Nikkei (+30, 30279)
# Hang Seng (-61, 24131)
*Nifty bulls will be challenged by the Evergrande risks and as the street starts to contemplate Federal Reserve tightening.*
*MARKET TRENDS:*
# Global: Positive
# FII: Positive (+443 Cr)
# DII: Negative (-516 Cr)
# F&O: 17500-18100 zone
# Market Breadth: Strong
# Sentiment: Bullish
# Technicals: Higher high/low
# Outlook: Nifty 18000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17853):*
# SUPPORT: 17713/17571
# RESISTANCE: 18001/18211
# RANGE: 17771-18017
# BIAS: Positive.
*BANK NIFTY (CMP 37830):*
# SUPPORT: 37487/37075
# RESISTANCE: 38113/39001
# RANGE: 37511-38511
# BIAS: Positive.
*NEED TO KNOW:*
*This week’s key catalysts:*
1. China’s Evergrande.
2. US debt ceiling.
3. Elections in Germany which will be crucial for Eurozone’s spending agenda.
4. Japan’s ruling party which will select its new leader this Wednesday.
5. Equity markets likely to remain choppy and volatile on backdrop of September series F&O expiry.
6. Auto Sales data for September month will trickle in on Friday, October 1st.
7. The street will be worried as Delta Variant is overwhelming Alaska, site of worst U.S. outbreak. Hospitals in Alaska struggle to handle a worsening outbreak.
*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.
*SGX Nifty +81 pts (17930) from last trade 17849 ,*
Nikkei +36 pts ,
Hangseng -61 pts ,
Now @6.55am .
Dow +33.18 pts ,Nsdq -4.54 pts, S&P
+6.50 pts,, Bovespa -781 pts , Ftse -26 pts , Dax -112 pts , Cac -63 pts , Crude @ $74.92 brl (+0.92), Brent @ $79.01 brl (+0.93) , Gold @ 1754.10 (+2.30), Silver @ $22.485 (+0.05), Euro @ $1.1716, JPY @ $110.72, INR @ 73.815
*Today's Corporate Action*
*27th Sep Ex Date*
COSMOFILMS
Interim Dividend - Rs. - 25.0000
GALACTICO
Bonus issue 1:1
INDOBORAX
Stock Split From Rs.10/- to Rs.1/-
*Today's Key Results/Board Meetings*
*27-Sep-21*
CORALAB
General
DHRUVES
General
GKP
Bonus issue
PHYTO
General
PREMIERPOL
General
TAJGVK
General
*Stock under F&O ban on NSE*
*27-Sep-21*
1CANBK
2ESCORTS
3IBULHSGFIN
4IDEA
5IRCTC
6PNB
7SAIL
8ZEEL
Nikkei +36 pts ,
Hangseng -61 pts ,
Now @6.55am .
Dow +33.18 pts ,Nsdq -4.54 pts, S&P
+6.50 pts,, Bovespa -781 pts , Ftse -26 pts , Dax -112 pts , Cac -63 pts , Crude @ $74.92 brl (+0.92), Brent @ $79.01 brl (+0.93) , Gold @ 1754.10 (+2.30), Silver @ $22.485 (+0.05), Euro @ $1.1716, JPY @ $110.72, INR @ 73.815
*Today's Corporate Action*
*27th Sep Ex Date*
COSMOFILMS
Interim Dividend - Rs. - 25.0000
GALACTICO
Bonus issue 1:1
INDOBORAX
Stock Split From Rs.10/- to Rs.1/-
*Today's Key Results/Board Meetings*
*27-Sep-21*
CORALAB
General
DHRUVES
General
GKP
Bonus issue
PHYTO
General
PREMIERPOL
General
TAJGVK
General
*Stock under F&O ban on NSE*
*27-Sep-21*
1CANBK
2ESCORTS
3IBULHSGFIN
4IDEA
5IRCTC
6PNB
7SAIL
8ZEEL
_*Only 2 things matter!*_
As a ‘small investor’, the only objective is multiplying your capital. _The only way to multiply your capital significantly is to laser-focus on only 2 things and 2 things only – *”growth in earnings”* and *”theme”* as a fundamental investor:_
*a) Figuring out growth in earnings is 80% of the job really.* Different ways to do it in terms of understanding business dynamics, management ability to read the market, changing product profile, changing product dynamics, changing competitive dynamics, growth in the overall market etc. Any aspect which is not helping you figure the above is not worth your time. If earnings are going to grow (especially, a business insight you can derive via research/scuttlebutt etc. which will help earnings grow more than what the market has factored in through existing valuations) is what will multiply your capital.
*b) Theme is critical for a quicker PE re-rating.* There are obviously various kind of themes in terms of marketcaps, sectors, fraud-themes like ESG etc., but the best kind of theme to latch on is where earnings are growing/will potentially grow because that’s when the wealth generated will be more sustainable. You can also make money via these themes like ESG and anti-ESG and what not these days, but the basis of holding on to these stocks becomes increasingly threadbare and therefore, not much money (3x-5x-10x) can be made on larger amounts of capital.
And that’s the summary really – earnings and themes where earnings will grow/are growing – don’t listen to anything else, don’t read anything else, don’t waste time on anything else.
To multiply your capital, only 2 things and only 2 things matter and hope that luck/serendipity walks along with you.
As a ‘small investor’, the only objective is multiplying your capital. _The only way to multiply your capital significantly is to laser-focus on only 2 things and 2 things only – *”growth in earnings”* and *”theme”* as a fundamental investor:_
*a) Figuring out growth in earnings is 80% of the job really.* Different ways to do it in terms of understanding business dynamics, management ability to read the market, changing product profile, changing product dynamics, changing competitive dynamics, growth in the overall market etc. Any aspect which is not helping you figure the above is not worth your time. If earnings are going to grow (especially, a business insight you can derive via research/scuttlebutt etc. which will help earnings grow more than what the market has factored in through existing valuations) is what will multiply your capital.
*b) Theme is critical for a quicker PE re-rating.* There are obviously various kind of themes in terms of marketcaps, sectors, fraud-themes like ESG etc., but the best kind of theme to latch on is where earnings are growing/will potentially grow because that’s when the wealth generated will be more sustainable. You can also make money via these themes like ESG and anti-ESG and what not these days, but the basis of holding on to these stocks becomes increasingly threadbare and therefore, not much money (3x-5x-10x) can be made on larger amounts of capital.
And that’s the summary really – earnings and themes where earnings will grow/are growing – don’t listen to anything else, don’t read anything else, don’t waste time on anything else.
To multiply your capital, only 2 things and only 2 things matter and hope that luck/serendipity walks along with you.
Insider Trades
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 50,000 shares on September 22.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 7,186 shares between September 22-23.
Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 41,552 shares on September 23.
Karda Constructions: Promoters (Neha Karda and Komal Karda) sold 38 lakh shares between September 22-23.
Man Infraconstruction Promoter Mansi Shah bought 1.70 lakh shares on September 23. Mayur Uniquoters: Promoters (Suresh Kumar Poddar & Sons HUF and Kiran Poddar) sold 5 lakh shares on September 23.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 1.05 lakh shares between September 22-23.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 50,000 shares on September 22.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 7,186 shares between September 22-23.
Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 41,552 shares on September 23.
Karda Constructions: Promoters (Neha Karda and Komal Karda) sold 38 lakh shares between September 22-23.
Man Infraconstruction Promoter Mansi Shah bought 1.70 lakh shares on September 23. Mayur Uniquoters: Promoters (Suresh Kumar Poddar & Sons HUF and Kiran Poddar) sold 5 lakh shares on September 23.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 1.05 lakh shares between September 22-23.
Who’s Meeting Whom
Tata Motors: To meet SBI Life Insurance and Jet Age Securities on September 27, Thornburg Investment Management on September 28, and East Bridge Advisors on September 30.
Manappuram Finance: To meet Point72 on September 27.
Gulshan Polyols: To meet UTI AMC on September 27 and HDFC MF on September 28.
Tata Motors: To meet SBI Life Insurance and Jet Age Securities on September 27, Thornburg Investment Management on September 28, and East Bridge Advisors on September 30.
Manappuram Finance: To meet Point72 on September 27.
Gulshan Polyols: To meet UTI AMC on September 27 and HDFC MF on September 28.
*China’s Xinjiang crackdown reaps millions of dollars in assets for the state*
https://t.co/8ddRD0AVjY
https://t.co/8ddRD0AVjY
mint
China’s Xinjiang crackdown reaps millions of dollars in assets for the state
Courts sell off property and company shares once belonging to jailed Uyghur business owners
*Advance tax collection during the second quarter of the fiscal year grew over 50 per cent over the equivalent period in 2020-21, providing govt with additional spending power to fuel economic recovery, reports*
https://t.co/FuAgBPygLq
https://t.co/FuAgBPygLq
Business-Standard
Advance tax collection up 52% in September quarter, shows CBDT data
Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion
*SJVN Bagged 1000 MW Solar Power Project – A Big Leap*
SJVN bagged 1000 MW Grid connected Solar PV Power Project through Request for Proposal (RFP) floated by Indian Renewable Energy Development Agency Limited (IREDA)
https://www.konexionetwork.com/NewsDetails.aspx?newsid=a824b79f-9224-4a54-8333-d902035af76b
SJVN bagged 1000 MW Grid connected Solar PV Power Project through Request for Proposal (RFP) floated by Indian Renewable Energy Development Agency Limited (IREDA)
https://www.konexionetwork.com/NewsDetails.aspx?newsid=a824b79f-9224-4a54-8333-d902035af76b
Konexionetwork
SJVN Bagged 1000 MW Solar Power Project – A Big Leap, News, KonexioNetwork.com
GM jsk stock in news balrampur,sjvn,bharati,usl,ti,pvr,ufo,mukta,Inox,ujjivansfb,ongc,oil,tatastl,nucleus,indiabullhsg,shilpa,cadila,gayatri,pspproj,ugadh,nbcc,Ramakrishna,ircon,Oberoi. Negative stock Biocon, lupin,kesoram8nd,ubl,zeeent,mararaja. Nifty range 17725-17980.
*Market kya lagta hain @ 7.30 am – Monday, September 27th 2021.*
*SGX Nifty (+91, 17949)*
*Sensex 60,000 is finally here! Congratulations India and Congrats to Perma-Bulls camp too…*
*Well, whenever a big milestone is achieved, usually there are two groups of investors!*
The first: Why am i not fully invested?
The other: Should we be selling in the milestone?
*Well, we suspect —— Sensex 60,000 could draw in investors from the sidelines with more stocks participating in the next leg.*
Our *call of the day* suggests not selling stocks just because you think Sensex 60,000 indicates overbought conditions or you consider the markets got a bit expensive.
If your original investment thesis —— buy long & hold still applies, then that’s in line with our *chart of the day* which says there are still plenty of bargains and breakout on the upside patterns that still appear screaming buys —— including some of the stocks in the "Nifty 50."
*Long story short:* *Nifty will aim to scale above 18,000 mark.*
The make-or-break intraday support levels on Nifty are placed at 17701 mark.
With an interweek/intermonth perspective we are bullish on stocks like *NAZARA TECHNOLOGIES, INFOSYS, LARSEN, HDFC BANK and COFORGE.*
*The 1 Stock to Buy Right Now:* Buy HDFC BANK at CMP (1602). Stop 1553. Targets 1627/16651. Aggressive targets at 1675. Breakout Play. Interweek Strategy.
*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.
*SGX Nifty (+91, 17949)*
*Sensex 60,000 is finally here! Congratulations India and Congrats to Perma-Bulls camp too…*
*Well, whenever a big milestone is achieved, usually there are two groups of investors!*
The first: Why am i not fully invested?
The other: Should we be selling in the milestone?
*Well, we suspect —— Sensex 60,000 could draw in investors from the sidelines with more stocks participating in the next leg.*
Our *call of the day* suggests not selling stocks just because you think Sensex 60,000 indicates overbought conditions or you consider the markets got a bit expensive.
If your original investment thesis —— buy long & hold still applies, then that’s in line with our *chart of the day* which says there are still plenty of bargains and breakout on the upside patterns that still appear screaming buys —— including some of the stocks in the "Nifty 50."
*Long story short:* *Nifty will aim to scale above 18,000 mark.*
The make-or-break intraday support levels on Nifty are placed at 17701 mark.
With an interweek/intermonth perspective we are bullish on stocks like *NAZARA TECHNOLOGIES, INFOSYS, LARSEN, HDFC BANK and COFORGE.*
*The 1 Stock to Buy Right Now:* Buy HDFC BANK at CMP (1602). Stop 1553. Targets 1627/16651. Aggressive targets at 1675. Breakout Play. Interweek Strategy.
*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.
*RELIANCE*: JIO ADDS NET 6.5M MOBILE USERS IN JULY (Supportive for stock prices)
*BHARTI AIRTEL:* ADDS NET 1.9M MOBILE USERS IN JULY (Supportive for stock prices)
*VODAFONE IDEA:* LOSES NET 1.4M MOBILE USERS IN JULY (Neutral for stock prices)
*BHARTI AIRTEL:* ADDS NET 1.9M MOBILE USERS IN JULY (Supportive for stock prices)
*VODAFONE IDEA:* LOSES NET 1.4M MOBILE USERS IN JULY (Neutral for stock prices)
*Chemspec Chemicals - Upcoming Speciality chemical Company IPO*
Expected:- October 2021
One of the leading manufacturers, globally, of critical additives for fast moving consumer goods (FMCG) ingredients used in skin and hair care products, and intermediates for active pharmaceutical ingredient (APIs) used in antihypertensive drugs.
As part of its FMCG product portfolio, it manufactures active ingredients used in sunscreen lotions and creams, antibacterial soaps, anti-dandruff shampoos, and preservatives.
*** The Company is also the largest manufacturer of ‘piroctone olamine’ in India, and the largest producer of ‘chemilide’ (an antibacterial ingredient) in the world with an approximate market share of 70% market share.
Its clientele include Beiersdorf AG, Unilever Supply Chain Company AG, L’Oreal, DSM Nutritional Products, Godrej Consumers Products, Glenmark Life Sciences, Dr. Reddy’s Laboratories, CTX Lifesciences etc.
Expected:- October 2021
One of the leading manufacturers, globally, of critical additives for fast moving consumer goods (FMCG) ingredients used in skin and hair care products, and intermediates for active pharmaceutical ingredient (APIs) used in antihypertensive drugs.
As part of its FMCG product portfolio, it manufactures active ingredients used in sunscreen lotions and creams, antibacterial soaps, anti-dandruff shampoos, and preservatives.
*** The Company is also the largest manufacturer of ‘piroctone olamine’ in India, and the largest producer of ‘chemilide’ (an antibacterial ingredient) in the world with an approximate market share of 70% market share.
Its clientele include Beiersdorf AG, Unilever Supply Chain Company AG, L’Oreal, DSM Nutritional Products, Godrej Consumers Products, Glenmark Life Sciences, Dr. Reddy’s Laboratories, CTX Lifesciences etc.
Vedanta:-ADR delisting is a positive news. In the past one year, the floating stock has come down drastically by around 15% due to open offer and purchase from market. Now, It will increase the floating stock to some extent. When promoter wants to buy aroud 17.5% through Open offer,they could succeed partially only. With increase in floating stock, it will be easy for them to increase % of holding. With a board resolution a company can go for purchase of shares upto 10%, which will increase promoter holding % indirectly. Every year, the promoter can buy upto 5% from market. Last december they bought 5% from market. Now one year is going to over from that date. All these shows the faith of them in the growth of the company. Promoter of any company can increase holing upto 75%. With aluminium, Zinc, and crude toughing all time high, the furure growth of this company may give handsome return.