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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
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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*
*SGX Nifty -7 pts (17855) from last trade 17862 ,*
Nikkei -211 pts ,
Hangseng +114 pts ,
Now @6.54am .
Dow +71.37 pts ,Nsdq -77.73 pts, S&P
-12.37 pts,, Bovespa +300 pts , Ftse +11 pts , Dax +42 pts , Cac +12 pts , Crude @ $75.40 brl (-0.04), Brent @ $79.53 brl (+0.00) , Gold @ 1750.20 (-1.70), Silver @ $22.635 (-0.05), Euro @ $1.1695, JPY @ $110.98, INR @ 73.825
*Today's Corporate Action*
*28th Sep Ex Date*
BAJAJHCARE
Final Dividend - Rs. - 0.5000
BAJAJHCARE
Special Dividend - Rs. - 0.5000
BAJAJHCARE
Stock Split From Rs.10/- to Rs.5/-
BAJAJHLDNG
Interim Dividend - Rs. - 90.0000
*Today's Key Results/Board Meetings*
*28-Sep-21*
AMTEKAUTO
Audited Results
PARMCOS-B
General
RAGHUSYN
General
RELCAPITAL
General
UNISON
Bonus issue
Nikkei -211 pts ,
Hangseng +114 pts ,
Now @6.54am .
Dow +71.37 pts ,Nsdq -77.73 pts, S&P
-12.37 pts,, Bovespa +300 pts , Ftse +11 pts , Dax +42 pts , Cac +12 pts , Crude @ $75.40 brl (-0.04), Brent @ $79.53 brl (+0.00) , Gold @ 1750.20 (-1.70), Silver @ $22.635 (-0.05), Euro @ $1.1695, JPY @ $110.98, INR @ 73.825
*Today's Corporate Action*
*28th Sep Ex Date*
BAJAJHCARE
Final Dividend - Rs. - 0.5000
BAJAJHCARE
Special Dividend - Rs. - 0.5000
BAJAJHCARE
Stock Split From Rs.10/- to Rs.5/-
BAJAJHLDNG
Interim Dividend - Rs. - 90.0000
*Today's Key Results/Board Meetings*
*28-Sep-21*
AMTEKAUTO
Audited Results
PARMCOS-B
General
RAGHUSYN
General
RELCAPITAL
General
UNISON
Bonus issue
*CBIC proposes huge anti dumping duty for Caprolactam - Big positive for GSFC*
Final finding in the anti-dumping investigation concerning imports of “Caprolactam” originating in or exported from European Union, Korea RP, Russia and Thailand-reg. F. No. 6/39/2020-DGTR.—Having regard to the Customs Tariff Act 1975, as amended from time to time and the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules 1995, as amended from time to time thereof: - A. 1. 2. B. 3. BACKGROUND OF THE CASE *Gujarat State Fertilizers and Chemicals Limited* (hereinafter also referred to as the 'applicant' or the ‗petitioner‘ or the ‗domestic industry‘) filed an application before the Designated Authority (hereinafter also referred to as "the Authority") in accordance with Customs Tariff Act, 1975 as amended from time to time (hereinafter also referred to as the "Act") and Customs Tariff (Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter also referred to as the "Rules") for initiation of anti-dumping investigation concerning imports of "Caprolactam" (hereinafter referred to as the "subject goods" or the "product under consideration" or the "PUC") originating in or exported from European Union, Korea RP, Russia and Thailand (hereinafter referred to as "subject countries")
Final finding in the anti-dumping investigation concerning imports of “Caprolactam” originating in or exported from European Union, Korea RP, Russia and Thailand-reg. F. No. 6/39/2020-DGTR.—Having regard to the Customs Tariff Act 1975, as amended from time to time and the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules 1995, as amended from time to time thereof: - A. 1. 2. B. 3. BACKGROUND OF THE CASE *Gujarat State Fertilizers and Chemicals Limited* (hereinafter also referred to as the 'applicant' or the ‗petitioner‘ or the ‗domestic industry‘) filed an application before the Designated Authority (hereinafter also referred to as "the Authority") in accordance with Customs Tariff Act, 1975 as amended from time to time (hereinafter also referred to as the "Act") and Customs Tariff (Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter also referred to as the "Rules") for initiation of anti-dumping investigation concerning imports of "Caprolactam" (hereinafter referred to as the "subject goods" or the "product under consideration" or the "PUC") originating in or exported from European Union, Korea RP, Russia and Thailand (hereinafter referred to as "subject countries")
US Aerospace major Boeing will now acquire components made by "Aerospace Engineer Pvt. Ltd Salem". The firm will invest 150crs for a plant in Hosur and will employ 1000+ in the years..
*For the first time, a Tamil Nadu based MSME* has bagged a direct order from Boeing. Aerospace Engineers Private Ltd, located in Salem,has got the contract from Boeing to manufacture and supply critical aviation components and parts for the global aerospace company’s products✌️✌️✌️✈️✈️✈️✈️
📍 *Pre-Market Derivatives and Technical Set-up* 📊✔️
🌎◆
🌎◆
Nifty index opened positive but failed to surpass previous day’s high of 17947 and witnessed profit booking decline in the initial half towards 17800 zones. However it saw some recovery from lows but remained consolidative in the second half and closed on flattish note. It formed a Bearish candle on daily scale with longer lower shadow indicating declines were bought. It continues its formation of higher lows of the last three sessions
🌎◆ Now it has to continue to hold above 17800 zones, for an up move towards 18000 zones whereas support is placed at 17777 and 17650 zones
🌎◆ India VIX moved up by 6.69% from 16.92 to 18.05 levels. Spurt in India VIX is giving a volatile swing and now it has to cool down below 15-14 zones to continue the smooth ride of the market
🌎◆ On Option front, Maximum Put OI is at 17000 followed by 17800 strike while maximum Call OI is at 18000 followed by 18500 strike. Call writing is seen at 18000 then 17900 strike while Put writing is seen at 17000 then 17850 strike. Option data suggests a trading range in between 17600 to 18000 zones
🌎◆ Bank Nifty opened positive and touched its new record high of 38355 in the initial tick. It moved in a consolidative manner thereafter and closed with gains of around 340 points. Banking stocks outperformed the broader market and gained strength. It formed a Bullish candle on daily scale and continues forming higher lows from the last four sessions
🌎◆ Now it has to continue to hold above 38100 to witness an up move towards 38800 levels while on the downside major support is seen at 37850 and 37500 levels
🌎◆ Bullish setup in Maruti, Godrejprop, Tatamotors, IRCTC, Mothersumi, M&M, Amara Raja Battery, Bharatforg, MCX, Tatachem, MRF, Tvsmotor, Bajaj Auto, Heromotoco and Reliance
🌎◆ Bearish setup in Mindtree, Mphasis, Apollo Hospital, Divislabs, Wipro, Metropolis, Dabur, Srtransfin, Lalpathlabs, VEDL, Icici Pru, Jswsteel and MGL
Raymond board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business for improving synergies and exploring monetisation options for deleveraging the company.
The overall objective being value creation for shareholders. The engineering business has achieved scale and improved market share in both domestic and global markets. These businesses have demonstrated growth in EBITDA margins, generated free cash flows and are debt-free.
Raymond is expected to achieve high growth momentum in real estate business, the board has also in principle approved the conversion of the real estate division into a wholly-owned subsidiary.
The companys real estate business, which was launched in 2019 and started development of land in Thane, is now poised for growth with a focus on delivering value-based offerings. The division will deliver around 3 million sq ft of residential projects and we have already achieved sales of over 70 per cent of launched inventory of about 2 million sq ft. The real estate division is a sustainable profitable business led by experienced professional team with a clear long term strategy in place. Real estate business now plans to capitalise on its strengths by extending beyond Thane.
With a focus on speeding up recovery post-pandemic, Raymond will consolidate its B2C business by transferring the apparel business to the flagship company Raymond. This move will strengthen efficiencies, streamline and simplify processes and bring in synergy benefits in terms of design and innovation, sourcing and retail network.
In order to enable and execute the above decisions, the company has withdrawn the de-merger scheme of Lifestyle business announced in November, 2019. These actions will enable each of the businesses for monetization which will fuel growth and deleveraging.
The overall objective being value creation for shareholders. The engineering business has achieved scale and improved market share in both domestic and global markets. These businesses have demonstrated growth in EBITDA margins, generated free cash flows and are debt-free.
Raymond is expected to achieve high growth momentum in real estate business, the board has also in principle approved the conversion of the real estate division into a wholly-owned subsidiary.
The companys real estate business, which was launched in 2019 and started development of land in Thane, is now poised for growth with a focus on delivering value-based offerings. The division will deliver around 3 million sq ft of residential projects and we have already achieved sales of over 70 per cent of launched inventory of about 2 million sq ft. The real estate division is a sustainable profitable business led by experienced professional team with a clear long term strategy in place. Real estate business now plans to capitalise on its strengths by extending beyond Thane.
With a focus on speeding up recovery post-pandemic, Raymond will consolidate its B2C business by transferring the apparel business to the flagship company Raymond. This move will strengthen efficiencies, streamline and simplify processes and bring in synergy benefits in terms of design and innovation, sourcing and retail network.
In order to enable and execute the above decisions, the company has withdrawn the de-merger scheme of Lifestyle business announced in November, 2019. These actions will enable each of the businesses for monetization which will fuel growth and deleveraging.
Bulk Deal as on 27-09-21
Gmr Infrastructure
+ 57.50 Lk @ 36.3 Hyderabad Jabilli Properties Pvt Ltd
- 57.50 Lk @ 36.3 Gmr Enterprises Pvt Ltd
Greenlam Industries
+ 2.41 Lk @ 1400 Hydra Trading Pvt Ltd
- 2.41 Lk @ 1400 Saurabh Mittal
McLeod Russel India
- 43.69 Lk @ 30.99 IndusInd Bank Ltd Client Alc
+ 20 Lk @ 30.96 Jaikarni Holdings Pvt Ltd
+ 7.50 Lk @ 31 Supremus Projects Llp
Psp Projects
+ 4.45 Lk @ 425.68 Abakkus Emerging Opportunities Fund
- 3.34 Lk @ 490.53 Bellwether Capital Pvt Ltd
- 15.50 Lk @ 423.07 Patel Shilpaben P
Royal Orchid Hotel
- 2.71 Lk @ 103.25 Keshav Baljee
Gmr Infrastructure
+ 57.50 Lk @ 36.3 Hyderabad Jabilli Properties Pvt Ltd
- 57.50 Lk @ 36.3 Gmr Enterprises Pvt Ltd
Greenlam Industries
+ 2.41 Lk @ 1400 Hydra Trading Pvt Ltd
- 2.41 Lk @ 1400 Saurabh Mittal
McLeod Russel India
- 43.69 Lk @ 30.99 IndusInd Bank Ltd Client Alc
+ 20 Lk @ 30.96 Jaikarni Holdings Pvt Ltd
+ 7.50 Lk @ 31 Supremus Projects Llp
Psp Projects
+ 4.45 Lk @ 425.68 Abakkus Emerging Opportunities Fund
- 3.34 Lk @ 490.53 Bellwether Capital Pvt Ltd
- 15.50 Lk @ 423.07 Patel Shilpaben P
Royal Orchid Hotel
- 2.71 Lk @ 103.25 Keshav Baljee
*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.
*New age investors moving mkt: Shankar Sharma*
https://economictimes.indiatimes.com/markets/expert-view/forget-fdi-new-age-retail-investors-are-moving-market-shankar-sharma/articleshow/86484324.cms
https://economictimes.indiatimes.com/markets/expert-view/forget-fdi-new-age-retail-investors-are-moving-market-shankar-sharma/articleshow/86484324.cms
The Economic Times
Forget FDI, new age retail investors are moving market: Shankar Sharma
“These are not the traditional retail investors who were not very sophisticated, not very educated and who were really stock market speculators. The new retail investors are fairly smart, clued to the market thanks to Telegram and WhatsApp. Information dissemination…
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🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*28 Sep (Tuesday)*
*Varsha Ritu* ⛈️
*Krishna पक्ष*::
*Month*: Ashvina
*Titi*: Saptami (up to 6:17 pm) later Ashtami
Vikram Samvat - 2078
According to *Purnimanta* calender (Ujjain)
https://youtu.be/j0jCcutours
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××
1. India’s COVID-19 vaccination coverage has crossed 86 Crore.
2. PM Modi launched the Ayushman Bharat Digital Mission via video conferencing on 27 Sep.
3. PM Modi to dedicate 35 crop varieties with special traits to the Nation today in an endeavour to create mass awareness for adoption of climate resilient technologies.
4. Ministry of Rural Development and National Institute of Rural Development & Panchayati Raj (NIRD&PR) felicitate 75 Divyangjan with Hunarbaaz Awards.
5. Nirmala Sitharaman addresses 74th AGM of Indian Banks’ Association (IBA) in Mumbai.
6. Home Minister Amit Shah will inaugurate the 17th Formation Day of the National Disaster Management Authority (NDMA) in New Delhi today.
7. The National Commission for Women (NCW) has launched Country-Wide Training and Capacity Building Program For Women In Dairy Farming. NCW is collaborating with Agricultural Universities Across India to train women associated with Dairy Farming and Allied activities.
8. *Andhra Pradesh*: Chief Minister Y.S. Jagan Mohan Reddy announced an ex-gratia of Rs 5 lakh to family members of those killed in Cyclone Gulab.
9. HAL, Alliance Air Join Forces To Supply Civil DO-228 Plane In *Arunachal Pradesh* .
10. *Assam* : Union Minister Sarbananda Sonowal elected to Rajya Sabha unopposed
11. *J&K* Srinagar airport likely to resume international flight services: International flight operations are likely to resume at the Srinagar airport as efforts are on to start services, Civil Aviation Minister Jyotiraditya Scindia said. He also said that the terminal at the Srinagar airport will be expanded from 25,000 square metre to 63,000 square metre.
12. *Jammu & Kashmir* : Nitin Gadkari, Union Minister of Road Transport and Highways & Lt Governor Manoj Sinha laid the foundation stones for four National Highway projects worth Rs 3,612 crore in Jammu and Kashmir, including commencement of Srinagar Ring road project.
13. *Kerala*: Many parts of Kerala continue to witness heavy rain. Meteorological Department forecast strong winds along the Kerala and Lakshadweep coasts. Fishermen have been warned not to venture into the sea. Red alert has been declared in Idukki and Thrissur districts.
14. *Madhya Pradesh* ; Union Minister of State for Information and Broadcasting, Animal Husbandry, Fisheries and Dairy Dr. L. Murugan was elected unopposed to the lone Rajya Sabha seat from Madhya Pradesh.
15. *Maharashtra*: Congress nominee Rajani Patil elected unopposed to Rajya Sabha from Maharashtra
16. *Mizoram* Chief Minister Zoramthanga's sister dies of Covid-19. she was 88.
17. *Telangana* , a few places received very heavy rain since morning under the influence of Cyclone Gulab, which less intensified depression. Tirumalayapalem in Khammam district received over 15 cms while Wyra in the same districts received 14.1 cms of rainfall since morning.
18. *West Bengal* : Bhabanipur polls: BJP meets Election commissioner officials; demands section 144, CRPF vigil till poll end.
The BJP demanded complete webcasting of the election along with CCTV coverage of the whole process to be conducted on September 30
××××××× *DEFENCE* ×××××
1. A new version of Akash Missile, Akash Prime successfully flight-tested from Chandipur, Odisha.
2. BSF seizes huge cache of arms, ammunition & fake currency in Jammu's Akhnoor sector.
3. Indian Army Officer Lt Col Sripada Sriram has set a new Guinness World Record for 'Fastest Solo Cycling (Men) on, September 26. He covered the exceptional distance of 472 km from Leh to Manali in just over 34 hours and 54 minutes”, an official said.
🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*28 Sep (Tuesday)*
*Varsha Ritu* ⛈️
*Krishna पक्ष*::
*Month*: Ashvina
*Titi*: Saptami (up to 6:17 pm) later Ashtami
Vikram Samvat - 2078
According to *Purnimanta* calender (Ujjain)
https://youtu.be/j0jCcutours
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××
1. India’s COVID-19 vaccination coverage has crossed 86 Crore.
2. PM Modi launched the Ayushman Bharat Digital Mission via video conferencing on 27 Sep.
3. PM Modi to dedicate 35 crop varieties with special traits to the Nation today in an endeavour to create mass awareness for adoption of climate resilient technologies.
4. Ministry of Rural Development and National Institute of Rural Development & Panchayati Raj (NIRD&PR) felicitate 75 Divyangjan with Hunarbaaz Awards.
5. Nirmala Sitharaman addresses 74th AGM of Indian Banks’ Association (IBA) in Mumbai.
6. Home Minister Amit Shah will inaugurate the 17th Formation Day of the National Disaster Management Authority (NDMA) in New Delhi today.
7. The National Commission for Women (NCW) has launched Country-Wide Training and Capacity Building Program For Women In Dairy Farming. NCW is collaborating with Agricultural Universities Across India to train women associated with Dairy Farming and Allied activities.
8. *Andhra Pradesh*: Chief Minister Y.S. Jagan Mohan Reddy announced an ex-gratia of Rs 5 lakh to family members of those killed in Cyclone Gulab.
9. HAL, Alliance Air Join Forces To Supply Civil DO-228 Plane In *Arunachal Pradesh* .
10. *Assam* : Union Minister Sarbananda Sonowal elected to Rajya Sabha unopposed
11. *J&K* Srinagar airport likely to resume international flight services: International flight operations are likely to resume at the Srinagar airport as efforts are on to start services, Civil Aviation Minister Jyotiraditya Scindia said. He also said that the terminal at the Srinagar airport will be expanded from 25,000 square metre to 63,000 square metre.
12. *Jammu & Kashmir* : Nitin Gadkari, Union Minister of Road Transport and Highways & Lt Governor Manoj Sinha laid the foundation stones for four National Highway projects worth Rs 3,612 crore in Jammu and Kashmir, including commencement of Srinagar Ring road project.
13. *Kerala*: Many parts of Kerala continue to witness heavy rain. Meteorological Department forecast strong winds along the Kerala and Lakshadweep coasts. Fishermen have been warned not to venture into the sea. Red alert has been declared in Idukki and Thrissur districts.
14. *Madhya Pradesh* ; Union Minister of State for Information and Broadcasting, Animal Husbandry, Fisheries and Dairy Dr. L. Murugan was elected unopposed to the lone Rajya Sabha seat from Madhya Pradesh.
15. *Maharashtra*: Congress nominee Rajani Patil elected unopposed to Rajya Sabha from Maharashtra
16. *Mizoram* Chief Minister Zoramthanga's sister dies of Covid-19. she was 88.
17. *Telangana* , a few places received very heavy rain since morning under the influence of Cyclone Gulab, which less intensified depression. Tirumalayapalem in Khammam district received over 15 cms while Wyra in the same districts received 14.1 cms of rainfall since morning.
18. *West Bengal* : Bhabanipur polls: BJP meets Election commissioner officials; demands section 144, CRPF vigil till poll end.
The BJP demanded complete webcasting of the election along with CCTV coverage of the whole process to be conducted on September 30
××××××× *DEFENCE* ×××××
1. A new version of Akash Missile, Akash Prime successfully flight-tested from Chandipur, Odisha.
2. BSF seizes huge cache of arms, ammunition & fake currency in Jammu's Akhnoor sector.
3. Indian Army Officer Lt Col Sripada Sriram has set a new Guinness World Record for 'Fastest Solo Cycling (Men) on, September 26. He covered the exceptional distance of 472 km from Leh to Manali in just over 34 hours and 54 minutes”, an official said.