India successfully test fires new version of Akash missile from Odisha coast: DRDO officials. PTI🚀
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 28, 2021 08:45 AM India
Topic: Morning Market Update
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Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 28, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_6SP-7_03QMiPhOdrRWhHFg
After registering, you will receive a confirmation email containing information about joining the webinar.
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Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
IMP Note: ABCL Shareholder portion in ADITYA BIRLA SUN LIFE AMC LIMITED IPO
* Who can apply in Eligible ABCL Shareholder : Only Individuals and HUFs who are the public equity shareholders of ABCL, (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines and depository receipt holders of ABCL) as on the date of this Red Herring Prospectus Dated September 22, 2021.
• The sole/ First Bidder shall be a ABCL Shareholder.
• Bids by ABCL Shareholders in ABCL Shareholders Reservation Portion and in the Net Offer portion shall not be treated as multiple Bids subject to applicable limits. To clarify, an ABCL Shareholder bidding in the ABCL Shareholders Reservation Portion above ₹200,000 can Bid in the Net Offer for up to ₹200,000, otherwise such Bids will be treated as multiple Bids and both the Bids will be cancelled. If an ABCL Shareholder is Bidding in the ABCL Shareholders Reservation Portion up to ₹200,000, application by such ABCL Shareholder in Retail Portion or Non-Institutional Portion, shall not be treated as multiple Bids. Therefore, ABCL Shareholders bidding in the ABCL Shareholders Reservation Portion (subject to the Bid Amount being up to ₹200,000) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids.
• ABCL Shareholders under the ABCL Shareholders Reservation Portion are permitted to Bid through the UPI Mechanism, provided the Bid Amount does not exceed ₹200,000.
* Who can apply in Eligible ABCL Shareholder : Only Individuals and HUFs who are the public equity shareholders of ABCL, (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines and depository receipt holders of ABCL) as on the date of this Red Herring Prospectus Dated September 22, 2021.
• The sole/ First Bidder shall be a ABCL Shareholder.
• Bids by ABCL Shareholders in ABCL Shareholders Reservation Portion and in the Net Offer portion shall not be treated as multiple Bids subject to applicable limits. To clarify, an ABCL Shareholder bidding in the ABCL Shareholders Reservation Portion above ₹200,000 can Bid in the Net Offer for up to ₹200,000, otherwise such Bids will be treated as multiple Bids and both the Bids will be cancelled. If an ABCL Shareholder is Bidding in the ABCL Shareholders Reservation Portion up to ₹200,000, application by such ABCL Shareholder in Retail Portion or Non-Institutional Portion, shall not be treated as multiple Bids. Therefore, ABCL Shareholders bidding in the ABCL Shareholders Reservation Portion (subject to the Bid Amount being up to ₹200,000) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids.
• ABCL Shareholders under the ABCL Shareholders Reservation Portion are permitted to Bid through the UPI Mechanism, provided the Bid Amount does not exceed ₹200,000.
*Latest after the Bell @ 4PM – Monday, September 27th 2021.*
# Nifty (+2, 17855)
# Sensex (+29, 60078)
# Adv-Dec 25 —— 25
# Nifty PCR 0.96
# Nifty MidCap (+0.33%, 8211)
# NiftySmallC (-0.11%, 10825)
# BANK Nifty (+0.90%, 38171)
# Nifty IT (-2.78%, 36072)
# USD/INR (+0.15%, 73.84)
*Bullish opening for Nifty, but the trading landscape was challenging amidst profit booking from early morning top at 17943.50.*
*Blame it to the Evergrande risks, lack of a clear winner in Germany’s election and as the street contemplated on Federal Reserve’s tightening.*
*The key highlights of today’s trade:*
# Nifty ends a tad higher.
# Autos gains (+2.3%) on bargain hunting while IT (-3%) drops amidst profit booking.
# Mid-cap & Small-cap indices trade listless, up 0.33% & -0.11% resp.
# Bank Nifty (+0.90%) zooms, scales fresh record highs and outperforms Nifty’s gains of 0.01%.
# VIX moves up at 18.05, up 6.68%.
# Top Index Gainers: MARUTI (+6.44%) M&M (+4.30%) TATA MOTORS (+4.10%).
# Top Index Losers: HCL TECH (-4.36%) TECH MAH (-3.28%) WIPRO (-3.23%).
OUR VIEW FOR TUESDAY’S TRADE:
The technical landscape is still aggressively bullish. This optimistic backdrop should take Nifty easily above its magical goalpost at 18000 mark.
The big question: Is it still time to shop for shares at Dalal Street?
Well, our call of the day* suggests *make hay while the sun shines. At the moment, optimism is in the air so makes sense to make most of it. Our chart of the day is bullish on stocks like: ADANI ENTERPRISES, RELIANCE INDUSTRIES & ADANI PORTS with an interweek perspective.
That said, it is always advisable to invest safely and wisely as the process can be an exciting way to grow your wealth and secure your financial future.
*ALL ABOUT NIFTY:*
Support: 17659/17531
Resistance: 18001/18251
Range: 17727-18027
21 DMA: 17399
50 DMA: 16685
200 DMA: 15287
Trend: Positive
*BULLISH LOOKING STOCKS:*
# ADANI ENTERPRISES
# RELIANCE INDUSTRIES
# TATA MOTORS
*BULLISH LOOKING STOCKS (LONG TERM):*
# NAZARA TECHNOLOGIES
# ADANI PORTS
# MOTHERSON SUMI
*BEARISH LOOKING STOCKS:*
# SRTRANSFIN
# PI INDUSTRIES
# LAL PATH LABS
*STOCKS TO AVOID:*
# METROPOLIS
# OFSS
# INDIGO
*Stay Tuned.*
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
# Nifty (+2, 17855)
# Sensex (+29, 60078)
# Adv-Dec 25 —— 25
# Nifty PCR 0.96
# Nifty MidCap (+0.33%, 8211)
# NiftySmallC (-0.11%, 10825)
# BANK Nifty (+0.90%, 38171)
# Nifty IT (-2.78%, 36072)
# USD/INR (+0.15%, 73.84)
*Bullish opening for Nifty, but the trading landscape was challenging amidst profit booking from early morning top at 17943.50.*
*Blame it to the Evergrande risks, lack of a clear winner in Germany’s election and as the street contemplated on Federal Reserve’s tightening.*
*The key highlights of today’s trade:*
# Nifty ends a tad higher.
# Autos gains (+2.3%) on bargain hunting while IT (-3%) drops amidst profit booking.
# Mid-cap & Small-cap indices trade listless, up 0.33% & -0.11% resp.
# Bank Nifty (+0.90%) zooms, scales fresh record highs and outperforms Nifty’s gains of 0.01%.
# VIX moves up at 18.05, up 6.68%.
# Top Index Gainers: MARUTI (+6.44%) M&M (+4.30%) TATA MOTORS (+4.10%).
# Top Index Losers: HCL TECH (-4.36%) TECH MAH (-3.28%) WIPRO (-3.23%).
OUR VIEW FOR TUESDAY’S TRADE:
The technical landscape is still aggressively bullish. This optimistic backdrop should take Nifty easily above its magical goalpost at 18000 mark.
The big question: Is it still time to shop for shares at Dalal Street?
Well, our call of the day* suggests *make hay while the sun shines. At the moment, optimism is in the air so makes sense to make most of it. Our chart of the day is bullish on stocks like: ADANI ENTERPRISES, RELIANCE INDUSTRIES & ADANI PORTS with an interweek perspective.
That said, it is always advisable to invest safely and wisely as the process can be an exciting way to grow your wealth and secure your financial future.
*ALL ABOUT NIFTY:*
Support: 17659/17531
Resistance: 18001/18251
Range: 17727-18027
21 DMA: 17399
50 DMA: 16685
200 DMA: 15287
Trend: Positive
*BULLISH LOOKING STOCKS:*
# ADANI ENTERPRISES
# RELIANCE INDUSTRIES
# TATA MOTORS
*BULLISH LOOKING STOCKS (LONG TERM):*
# NAZARA TECHNOLOGIES
# ADANI PORTS
# MOTHERSON SUMI
*BEARISH LOOKING STOCKS:*
# SRTRANSFIN
# PI INDUSTRIES
# LAL PATH LABS
*STOCKS TO AVOID:*
# METROPOLIS
# OFSS
# INDIGO
*Stay Tuned.*
*Disclaimer:* Investment/Trading in equities is subject to market risks. Notwithstanding all the efforts to do best research, clients should understand that investing in equities, involves a risk of loss of both.
*Expected IPOs in Oct-Nov 2021*
Policybazaar (Rs 6,017 crore),
Emcure Pharmaceuticals (Rs 4,500 crore)
Nykaa (Rs 4,000 crore),
CMS Info Systems (Rs 2,000 crore),
MobiKwik Systems (Rs 1,900 crore),
Northern Arc Capital (Rs 1,800 crore),
Ixigo (Rs 1,600 crore),
Sapphire Foods (Rs 1,500 crore),
Fincare Small Finance Bank (Rs 1,330 crore),
Sterlite Power (Rs 1,250 crore)
RateGain Travel Technologies (Rs 1,200 crore)
Supriya Lifescience (Rs 1,200 crore)
*BE READY WITH FUNDS*
Policybazaar (Rs 6,017 crore),
Emcure Pharmaceuticals (Rs 4,500 crore)
Nykaa (Rs 4,000 crore),
CMS Info Systems (Rs 2,000 crore),
MobiKwik Systems (Rs 1,900 crore),
Northern Arc Capital (Rs 1,800 crore),
Ixigo (Rs 1,600 crore),
Sapphire Foods (Rs 1,500 crore),
Fincare Small Finance Bank (Rs 1,330 crore),
Sterlite Power (Rs 1,250 crore)
RateGain Travel Technologies (Rs 1,200 crore)
Supriya Lifescience (Rs 1,200 crore)
*BE READY WITH FUNDS*
*QUAD Alliance Big News For India*-The Quad Alliance - India, US, Japan, and Australia - has joined hands to secure supply chains in critical areas such as semiconductors and 5G telecom technologies, in a bid to contain the rising influence of China in these strategic sectors, according to geopolitical experts. Biggest Beneficiary of this will be India. Be it Vaccine development, 5G components or Semiconductors, everything will be manufactured in India. Be ready for a multi Hundred Billion Dollar investment in India in next 2 years.
TARC (The Anant Raj Corporation)
CMP 46
A dark horse in the red hot realty sector-
Recently demerged from Anant Raj, TARC is one of the oldest and well established real estate companies with operations primarily in Delhi NCR region. Post demerger TARC will be fully focused on developing a wide range of projects on the massive prime land bank that the company owns. The management of TARC is well established with a lot of expertise in realty and they are much more aggressive than erstwhile Anant Raj.
Promoters own *65.5%*
Prominent Shareholders-
Gov of Singapore owns *4.2%*
Ace investor *Rakesh Jhunjhunwala owns 3.39%* in the co.
The company owns more than *600 acres of prime land which is fully paid for* already including land parcels in prime areas of Hauz Khas, Bhati, Chattarpur, ALipur, Mehrauli etc in *New Delhi* which is around *375 acres*. Additionally the company has prime land in *Noida and Gurgaon* region which is around *250 acres*.
Besides this TARC had certain land parcels and miscellaneous assets which are under claim right now and could bring in additional revenue of 700 Cr in next couple of years.
Verticals in the company-
1)Residential properties including luxury residential.
2)Shopping Malls
3)Commercial properties
4)Technology Parks
5)Warehouses
6)Hotels/Services Apartments
*Key highlights of projects*
Residential:
1) A large project recently completed - TARC Maceo in Gurgaon of *15 lakh sq ft* out of which 14 lakh sq ft has already been booked. Cost of Construction was 335 Crores and total revenue expected was *675 Cr* out of which *565 Cr* worth of area has already been sold.
2) 4 ongoing luxury residential projects in prime locations mainly in Delhi. Total sq ft of ongoing projects is *30 lakh sq ft.* including *TARC Hauz Khas* in South Delhi where the selling price is approx *30000/- psf* and TARC Central West Delhi where the selling price is approx 20000/- psf. TARC Rajkori in Kapashera has selling price of approx 12500/- psf.
Commercial:
1) Total of 50 lakh sq ft of commercial space from which 40 lakh has already been completed. Upcoming 10 lakh sq ft is being developed.
2) A high end commercial project of *5 lakh sq ft* TARC Visva in South Delhi for which all approvals are received and a mall at Trilokpuri is underway which is 65% completed with total area of 1 lakh sq ft and 70000 sq ft has already been contracted to a multiplex.
3) A tech park of *5 lakh sq ft* in Greater Noida is currently under development.
Warehouses:
1) 3 warehouses totaling *15.7 lakh sq ft* in Delhi.
2) 1 warehouse of *6.5 lakh sq ft* in Manesar.
Hospitality:
1) Delivered 4 hotels and 1 service apartment space till date.
2) Upcoming projects of 8.65 lakh sq ft.
TARC with its massive land bank, well diversified portfolio, integrated approach and superior execution capabilities is all set to grow exponentially from here. With the realty sector doing quite well and expected to outperform, TARC is a must buy idea. There is a great opportunity in terms of current valuation of the stock, the high growth projections of the co. and marquee names onboard.
CMP 46
A dark horse in the red hot realty sector-
Recently demerged from Anant Raj, TARC is one of the oldest and well established real estate companies with operations primarily in Delhi NCR region. Post demerger TARC will be fully focused on developing a wide range of projects on the massive prime land bank that the company owns. The management of TARC is well established with a lot of expertise in realty and they are much more aggressive than erstwhile Anant Raj.
Promoters own *65.5%*
Prominent Shareholders-
Gov of Singapore owns *4.2%*
Ace investor *Rakesh Jhunjhunwala owns 3.39%* in the co.
The company owns more than *600 acres of prime land which is fully paid for* already including land parcels in prime areas of Hauz Khas, Bhati, Chattarpur, ALipur, Mehrauli etc in *New Delhi* which is around *375 acres*. Additionally the company has prime land in *Noida and Gurgaon* region which is around *250 acres*.
Besides this TARC had certain land parcels and miscellaneous assets which are under claim right now and could bring in additional revenue of 700 Cr in next couple of years.
Verticals in the company-
1)Residential properties including luxury residential.
2)Shopping Malls
3)Commercial properties
4)Technology Parks
5)Warehouses
6)Hotels/Services Apartments
*Key highlights of projects*
Residential:
1) A large project recently completed - TARC Maceo in Gurgaon of *15 lakh sq ft* out of which 14 lakh sq ft has already been booked. Cost of Construction was 335 Crores and total revenue expected was *675 Cr* out of which *565 Cr* worth of area has already been sold.
2) 4 ongoing luxury residential projects in prime locations mainly in Delhi. Total sq ft of ongoing projects is *30 lakh sq ft.* including *TARC Hauz Khas* in South Delhi where the selling price is approx *30000/- psf* and TARC Central West Delhi where the selling price is approx 20000/- psf. TARC Rajkori in Kapashera has selling price of approx 12500/- psf.
Commercial:
1) Total of 50 lakh sq ft of commercial space from which 40 lakh has already been completed. Upcoming 10 lakh sq ft is being developed.
2) A high end commercial project of *5 lakh sq ft* TARC Visva in South Delhi for which all approvals are received and a mall at Trilokpuri is underway which is 65% completed with total area of 1 lakh sq ft and 70000 sq ft has already been contracted to a multiplex.
3) A tech park of *5 lakh sq ft* in Greater Noida is currently under development.
Warehouses:
1) 3 warehouses totaling *15.7 lakh sq ft* in Delhi.
2) 1 warehouse of *6.5 lakh sq ft* in Manesar.
Hospitality:
1) Delivered 4 hotels and 1 service apartment space till date.
2) Upcoming projects of 8.65 lakh sq ft.
TARC with its massive land bank, well diversified portfolio, integrated approach and superior execution capabilities is all set to grow exponentially from here. With the realty sector doing quite well and expected to outperform, TARC is a must buy idea. There is a great opportunity in terms of current valuation of the stock, the high growth projections of the co. and marquee names onboard.
Reliance Industries in talks to buy stake in Google-backed Glance InMobi: Report - https://www.livemint.com/companies/news/reliance-industries-in-talks-to-buy-stake-in-google-backed-glance-inmobi-report-11632745302124.html?utm_source%3Dshare%26utm_medium%3Dsocial%26utm_campaign%3Dshare_via_amp Download mint app for latest in Business News - https://bit.ly/32XEfFE
mint
Reliance nears investment in Google-backed Glance InMobi
Reliance Industries is considering investing about $300 million in Google-backed Glance InMobi
Times of India: India accelerates talks with Taiwan on chip plant, trade deal.
https://timesofindia.indiatimes.com/business/india-business/india-accelerates-talks-with-taiwan-on-chip-plant-trade-deal/articleshow/86555096.cms
https://timesofindia.indiatimes.com/business/india-business/india-accelerates-talks-with-taiwan-on-chip-plant-trade-deal/articleshow/86555096.cms
The Times of India
India Taiwan Chip Deal: India accelerates talks with Taiwan on chip plant, trade deal | India Business News - Times of India
India Business News: India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia along with tariff reductions on components for produci
*QUAD Alliance Big News For India*-The Quad Alliance - India, US, Japan, and Australia - has joined hands to secure supply chains in critical areas such as semiconductors and 5G telecom technologies, in a bid to contain the rising influence of China in these strategic sectors. Biggest Beneficiary of this will be India. Be it Vaccine development, 5G components or Semiconductors, everything will be manufactured in India.
*There is a possibility of tens of Billion Dollar investment in India in next couple of years*
*There is a possibility of tens of Billion Dollar investment in India in next couple of years*