Max Healthcare: Kayak Investments Holding Private Limited (affiliate of KKR) to sell 6.3 cr shares (6.57% stake) on the price range Rs 350-369/sh
Base deal size Rs 2,220 cr
Base deal size Rs 2,220 cr
𝗣𝗔𝗥𝗔𝗦 𝗗𝗘𝗙𝗘𝗡𝗖𝗘 𝗜𝗣𝗢 𝗔𝗟𝗟𝗢𝗧𝗠𝗘𝗡𝗧 - 𝗕𝗔𝗡𝗞 𝗗𝗘𝗕𝗜𝗧 𝗦𝗧𝗔𝗥𝗧𝗦
Allotment will be uploaded soon on
https://t.co/mLAt4cbIWr
GMP 225
Allotment will be uploaded soon on
https://t.co/mLAt4cbIWr
GMP 225
Case for Tata Power & IEX - Potential next decade emerging stocks!!
In summary, the Amendment Bill 2021 says:
⚡️ Delicensing of state monopoly- open to competition
⚡️ Consumers can choose discoms (like telcos)
⚡️ Smart meters to plug leakages
⚡️ Easy resolution of disputes
⚡️ Right to 24x7 electricity
⚡️ Rewarding consumers shifting to solar
India has one of the largest and most complex power sectors in the world. Last 2 decades saw gradual evolution - grid electricity, lesser power cuts, increase in renewables.
If the Bill is passed, the next decade can well be a decade of power renaissance.
In summary, the Amendment Bill 2021 says:
⚡️ Delicensing of state monopoly- open to competition
⚡️ Consumers can choose discoms (like telcos)
⚡️ Smart meters to plug leakages
⚡️ Easy resolution of disputes
⚡️ Right to 24x7 electricity
⚡️ Rewarding consumers shifting to solar
India has one of the largest and most complex power sectors in the world. Last 2 decades saw gradual evolution - grid electricity, lesser power cuts, increase in renewables.
If the Bill is passed, the next decade can well be a decade of power renaissance.
SEBI clears way for launch of silver exchange-traded funds in India
https://www.moneycontrol.com/news/business/personal-finance/sebi-clears-way-to-launch-silver-etfs-in-india-7519121.html
https://www.moneycontrol.com/news/business/personal-finance/sebi-clears-way-to-launch-silver-etfs-in-india-7519121.html
Moneycontrol
SEBI clears way for launch of silver exchange-traded funds in India
Silver has been an integral part of investors’ commodity portfolio globally. As per etfdb.com, five silver ETFs account for assets worth USD 13.7 billion.
Apar Industry CMP 650
Apar is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables
Financial
- ROE, ROCE and ROA is around 12%, 22% and 3% respectively.
- P/BV: 1.8, Face Value: INR 10, MCAP: 2450 Cr. Price to sales: 0.36
- Forward PE - 10, Int coverage ratio: 3.5
- FY2021 topline was around 6,388 Cr Vs. 7,425 Cr in March 2020 down by 10% in YoY.
- FY2021 PAT was around 160 Cr Vs. 135 Cr in March 2020 up by 12.5% in YoY.
- Q1FY22 topline was around INR 1,810 Cr Vs. 1,289 Cr Vs. 1,899 Cr in QoQ therefore up by 40% in YoY and declined by 5% in QoQ.
- Q1FY22 PAT was around 62 Cr Vs. (23) Cr Vs. 48 Cr.
- Operating profit margin was near to 7 and its stable.
- Small equity capital: INR 38 Cr and its hold by Promoters: 60.5%, DIIS and FIIS hold by 19.4% and 4.1% respectively.
Opportunities
- Leader in Conductors (48% of Revenue):
Apar has a market share of 25%.
It is amongst the largest global manufacturer (a pioneer in aluminum alloy rod & conductors)
It supplies to all top 25 global turnkey operators and leading utilities
- Leader in Specialty Oils (30% of Revenue):
It has a range of over 350-grade oils, with 500+ variants of transformer oils, white oils, petroleum jelly, and process oils. It has a market share of 45%.
It is the 4th largest global manufacturer of transformer oils (Leading domestic player in auto lubes).
- Leader in Power and Telecom Cables (22% of Revenue):
It provides specialist technical services, cable design, etc. engaged in electrical and telecom cables as well as elastomer cables.
Leadership: Leading player in cables (largest in cables for Renewable sector).
-Largest Indian supplier to the Nuclear Power industry.
Key Customers- BSNL, Reliance Jio, etc.
- The company exports to over 100 countries like South East Asia, Middle East, Africa, South America, etc. It contributes to 30% of the revenue.
- Recently developed a greenfield conductor plant in Athola with a focus on exports making it the largest Indian conductor exporter.
- Highly diversified business model. And after PLI scheme and 5G network opportunity will be good for company.
- Semi conductor business will be added advantage.
- Net operating cash flow is also sound as of FY21 it was 324 Cr at against INR 84 Cr in FY20.
Risk
- Increasing account receivable period which is currently above 3 months.
- Single digit sales growth for last 10 years.
- Despite debt of around INR 325 Crs. Borrowing cost is too high which is also cutting their margin.
View: Share 52 week high 723 and now 649. Strong support 600. Short to mid term target can be ***++
Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares.
Apar is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables
Financial
- ROE, ROCE and ROA is around 12%, 22% and 3% respectively.
- P/BV: 1.8, Face Value: INR 10, MCAP: 2450 Cr. Price to sales: 0.36
- Forward PE - 10, Int coverage ratio: 3.5
- FY2021 topline was around 6,388 Cr Vs. 7,425 Cr in March 2020 down by 10% in YoY.
- FY2021 PAT was around 160 Cr Vs. 135 Cr in March 2020 up by 12.5% in YoY.
- Q1FY22 topline was around INR 1,810 Cr Vs. 1,289 Cr Vs. 1,899 Cr in QoQ therefore up by 40% in YoY and declined by 5% in QoQ.
- Q1FY22 PAT was around 62 Cr Vs. (23) Cr Vs. 48 Cr.
- Operating profit margin was near to 7 and its stable.
- Small equity capital: INR 38 Cr and its hold by Promoters: 60.5%, DIIS and FIIS hold by 19.4% and 4.1% respectively.
Opportunities
- Leader in Conductors (48% of Revenue):
Apar has a market share of 25%.
It is amongst the largest global manufacturer (a pioneer in aluminum alloy rod & conductors)
It supplies to all top 25 global turnkey operators and leading utilities
- Leader in Specialty Oils (30% of Revenue):
It has a range of over 350-grade oils, with 500+ variants of transformer oils, white oils, petroleum jelly, and process oils. It has a market share of 45%.
It is the 4th largest global manufacturer of transformer oils (Leading domestic player in auto lubes).
- Leader in Power and Telecom Cables (22% of Revenue):
It provides specialist technical services, cable design, etc. engaged in electrical and telecom cables as well as elastomer cables.
Leadership: Leading player in cables (largest in cables for Renewable sector).
-Largest Indian supplier to the Nuclear Power industry.
Key Customers- BSNL, Reliance Jio, etc.
- The company exports to over 100 countries like South East Asia, Middle East, Africa, South America, etc. It contributes to 30% of the revenue.
- Recently developed a greenfield conductor plant in Athola with a focus on exports making it the largest Indian conductor exporter.
- Highly diversified business model. And after PLI scheme and 5G network opportunity will be good for company.
- Semi conductor business will be added advantage.
- Net operating cash flow is also sound as of FY21 it was 324 Cr at against INR 84 Cr in FY20.
Risk
- Increasing account receivable period which is currently above 3 months.
- Single digit sales growth for last 10 years.
- Despite debt of around INR 325 Crs. Borrowing cost is too high which is also cutting their margin.
View: Share 52 week high 723 and now 649. Strong support 600. Short to mid term target can be ***++
Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares.
Moneycontrol: Future Group gets NCLT nod to hold meetings for sale of assets to Reliance.
https://www.moneycontrol.com/news/business/future-group-gets-nclt-nod-to-hold-meetings-for-sale-of-assets-to-reliance-7519191.html
https://www.moneycontrol.com/news/business/future-group-gets-nclt-nod-to-hold-meetings-for-sale-of-assets-to-reliance-7519191.html
Moneycontrol
Future Group Gets NCLT Nod To Hold Meetings For Sale Of Assets To Reliance
In the order issued on September 28, the NCLT asked the Future Group to propose a suitable date to hold the extraordinary general meeting (EGM) of the shareholders and creditors to seek their approval for the sale of its assets to Reliance Retail for a consideration…
U.S. FDA Flags Quality Lapses At Lupin’s Goa Facility
The U.S. drug regulator has flagged non-compliance with manufacturing and testing standards at Lupin Ltd.’s Goa facility that caters to the American market for the drugmaker.
A copy of the observations obtained by BloombergQuint revealed that the U.S. Food and Drug Administration highlighted quality control and procedural lapses at the facility.
Lupin declined to offer details of observations, and has yet to respond to BloombergQuint’s follow-up queries emailed on Monday.
The U.S. FDA completed the inspection at the Goa facility on Sept. 18. The unit, along with four other facilities of Lupin, is already under a warning letter that bars export of new products to the U.S.
The U.S. drug regulator has flagged non-compliance with manufacturing and testing standards at Lupin Ltd.’s Goa facility that caters to the American market for the drugmaker.
A copy of the observations obtained by BloombergQuint revealed that the U.S. Food and Drug Administration highlighted quality control and procedural lapses at the facility.
Lupin declined to offer details of observations, and has yet to respond to BloombergQuint’s follow-up queries emailed on Monday.
The U.S. FDA completed the inspection at the Goa facility on Sept. 18. The unit, along with four other facilities of Lupin, is already under a warning letter that bars export of new products to the U.S.
*Rising commercial vehicle demand to be additional growth lever: Sona BLW Precision*
Demand for commercial vehicles has started picking up in the local market and will emerge as an additional lever of growth, along with international markets and the battery electric vehicle segment mid-term, said auto component firm Sona BLW Precision Forgings.
The company, however, said that while green shoots are visible in the CV segment, it expects sales in the category to regain peak volumes seen in 2018 only by 2024. In 2020, 505,189 commercial vehicles were sold in the domestic market, just over half of the 1,005,380 units sold in 2018.
Contribution from electric vehicles to the company’s overall revenues will increase every year, said managing director Vivek Vikram Singh.
The share of battery electric vehicles (BEV) in the first quarter of this financial year grew to 19.9% from 13.8% in 2020-21
Sona BLW Precision Forgings, which has been supplying components for electric vehicles to automakers in North America, Europe and China, said the global EV market is estimated to grow at a compound annual growth rate of 36% for the next four-five years. With 57% of its new order book of $ 1.9 billion over the next 10 years coming in from the BEV or PHEV (plug-in hybrid) segment, the company said its revenue dependence on components for internal combustion engine vehicles will steadily reduce.
Overall, the company is looking at investing about Rs 950 crore in the three years till 2023-24 to service its order book.
Singh said while the company is executing programmes in the EV segment for customers in India, the market is evolving and yet to gain sizeable scale, both in volume and value terms. “The potential is huge, policies are in favour (of EVs). Once the cost of batteries comes down, the market will tip,” he said.
The company, which supplies gears, differential assemblies and final assemblies to carmakers making EVs of 100 kilowatts and above, is working on expanding the driveline product range to cover the small and mid-segment BEV market. In the motor business, the company has developed higher voltage systems like the 48 watt BSE or the 30 kilowatt plug-in hybrid motor and controller, which are both currently in testing phase with different customers in India and China
Separately, to reduce dependence on China for raw materials in the changed geopolitical environment, the company is working with Israel’s IRP Nexus and India’s iCreate to develop a new powertrain, which will not use magnets. Sona Comstar will have the exclusive rights to manufacture the systems in India for sale in the global two- and three-wheeler market.
China controls 95% of the global supply of magnets. “A big portion of the cost of the motor is rare earth magnets. If we can make a motor without magnets, not only can we ensure security of our supplies, there will also be a huge cost advantage,” said Singh.
If successful, a cheaper light-weight motor can accelerate e-mobility, particularly in the two-wheeler segment, he said.
To diversify risks geographically, the company has additionally been making efforts to expand business in Europe and China. Most of its new EV orders in the past nine months have come from Europe. International business accounted for 79% of revenues in the quarter to June, led by North America, Europe and China.
Demand for commercial vehicles has started picking up in the local market and will emerge as an additional lever of growth, along with international markets and the battery electric vehicle segment mid-term, said auto component firm Sona BLW Precision Forgings.
The company, however, said that while green shoots are visible in the CV segment, it expects sales in the category to regain peak volumes seen in 2018 only by 2024. In 2020, 505,189 commercial vehicles were sold in the domestic market, just over half of the 1,005,380 units sold in 2018.
Contribution from electric vehicles to the company’s overall revenues will increase every year, said managing director Vivek Vikram Singh.
The share of battery electric vehicles (BEV) in the first quarter of this financial year grew to 19.9% from 13.8% in 2020-21
Sona BLW Precision Forgings, which has been supplying components for electric vehicles to automakers in North America, Europe and China, said the global EV market is estimated to grow at a compound annual growth rate of 36% for the next four-five years. With 57% of its new order book of $ 1.9 billion over the next 10 years coming in from the BEV or PHEV (plug-in hybrid) segment, the company said its revenue dependence on components for internal combustion engine vehicles will steadily reduce.
Overall, the company is looking at investing about Rs 950 crore in the three years till 2023-24 to service its order book.
Singh said while the company is executing programmes in the EV segment for customers in India, the market is evolving and yet to gain sizeable scale, both in volume and value terms. “The potential is huge, policies are in favour (of EVs). Once the cost of batteries comes down, the market will tip,” he said.
The company, which supplies gears, differential assemblies and final assemblies to carmakers making EVs of 100 kilowatts and above, is working on expanding the driveline product range to cover the small and mid-segment BEV market. In the motor business, the company has developed higher voltage systems like the 48 watt BSE or the 30 kilowatt plug-in hybrid motor and controller, which are both currently in testing phase with different customers in India and China
Separately, to reduce dependence on China for raw materials in the changed geopolitical environment, the company is working with Israel’s IRP Nexus and India’s iCreate to develop a new powertrain, which will not use magnets. Sona Comstar will have the exclusive rights to manufacture the systems in India for sale in the global two- and three-wheeler market.
China controls 95% of the global supply of magnets. “A big portion of the cost of the motor is rare earth magnets. If we can make a motor without magnets, not only can we ensure security of our supplies, there will also be a huge cost advantage,” said Singh.
If successful, a cheaper light-weight motor can accelerate e-mobility, particularly in the two-wheeler segment, he said.
To diversify risks geographically, the company has additionally been making efforts to expand business in Europe and China. Most of its new EV orders in the past nine months have come from Europe. International business accounted for 79% of revenues in the quarter to June, led by North America, Europe and China.
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.
*Market kya lagta hain @ 7.30 am – Wednesday, September 29th 2021.*
*SGX Nifty (-98, 17627)*
*What to do when investment life is out of control?*
Honestly speaking, *when an investment life is spiraling out of control usually it’s seen that perma-bulls go down with it in order for things to spiral right back into place.*
Well, *the conventional wisdom says if it’s bad now and if it’s going to be worse in the very near future then look for the window of opportunity to tamp it down.*
*Technically speaking,* the make-or-break intraday support levels on Nifty are placed at 17557 mark. We suspect, *bears are likely to come back with vengeance if Nifty is unable to sustain above 17557 levels.* Expect waterfall of selling below Nifty 17557 mark with downside risk at 17327 mark and then aggressive targets at 17011 mark.
*Makes sense to act fast…*
*Long story short:* The line in the is at Nifty’s biggest support at 17557.
*And if you are from bears camp then the gyan mantra is to sell something!*
*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 (-98, 17627)*
*What to do when investment life is out of control?*
Honestly speaking, *when an investment life is spiraling out of control usually it’s seen that perma-bulls go down with it in order for things to spiral right back into place.*
Well, *the conventional wisdom says if it’s bad now and if it’s going to be worse in the very near future then look for the window of opportunity to tamp it down.*
*Technically speaking,* the make-or-break intraday support levels on Nifty are placed at 17557 mark. We suspect, *bears are likely to come back with vengeance if Nifty is unable to sustain above 17557 levels.* Expect waterfall of selling below Nifty 17557 mark with downside risk at 17327 mark and then aggressive targets at 17011 mark.
*Makes sense to act fast…*
*Long story short:* The line in the is at Nifty’s biggest support at 17557.
*And if you are from bears camp then the gyan mantra is to sell something!*
*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.
While infrastructure in Mumbai and Delhi is ‘relatively better’, Mr. Sanyal said *the next generation of reforms must focus on intra-city infrastructure and better municipal services like garbage collection.* https://www.thehindu.com/business/Economy/double-digit-growth-likely-till-2023-says-principal-economic-advisor/article36723463.ece 👉 *ANTONY WASTE HANDLING CELL* 👀
The Hindu
Double digit growth likely till 2022-23, says Principal Economic Advisor
Sanjeev Sanyal makes strong pitch for better urban governance, infrastructure.
*SGX Nfty - 90 pts (17641) from last trade 17731 ,*
Nikkei -725 pts ,
Hangseng -224 pts ,
Now @7.00am .
Dow -569.38 pts ,Nsdq -423.29 pts, S&P
-90.48 pts,, Bovespa -3459 pts , Ftse -35 pts , Dax -325 pts , Cac -144 pts , Crude @ $74.68 brl (-0.61), Brent @ $78.46 brl (-0.60) , Gold @ 1735.20 (-2.10), Silver @ $22.505 (-0.04), Euro @ $1.1679, JPY @ $111.63, INR @ 74.195
*Today's Corporate Action*
*29th Sep Ex Date*
ECLERX
Buy Back of Shares
GKP
Bonus issue 1:1
*Today's Key Results/Board Meetings*
*29-Sep-21*
EIS
Voluntary Delisting of Shares
GOKULAGRO
Preferential Issue of shares
INDOWIND
Right Issue of Equity Shares
JAYATMA
General;Scheme of Arrangement
KINGSINFR
General
PANTH
General
PBAINFRA
General
SHABCHM
A.G.M.
SINDHUTRAD
Quarterly Results
TECHNOFAB
Quarterly Results
*Stock under F&O ban on NSE*
*29-Sep-21*
1IDEA
2SAIL
3SUNTV
4ZEEL
Nikkei -725 pts ,
Hangseng -224 pts ,
Now @7.00am .
Dow -569.38 pts ,Nsdq -423.29 pts, S&P
-90.48 pts,, Bovespa -3459 pts , Ftse -35 pts , Dax -325 pts , Cac -144 pts , Crude @ $74.68 brl (-0.61), Brent @ $78.46 brl (-0.60) , Gold @ 1735.20 (-2.10), Silver @ $22.505 (-0.04), Euro @ $1.1679, JPY @ $111.63, INR @ 74.195
*Today's Corporate Action*
*29th Sep Ex Date*
ECLERX
Buy Back of Shares
GKP
Bonus issue 1:1
*Today's Key Results/Board Meetings*
*29-Sep-21*
EIS
Voluntary Delisting of Shares
GOKULAGRO
Preferential Issue of shares
INDOWIND
Right Issue of Equity Shares
JAYATMA
General;Scheme of Arrangement
KINGSINFR
General
PANTH
General
PBAINFRA
General
SHABCHM
A.G.M.
SINDHUTRAD
Quarterly Results
TECHNOFAB
Quarterly Results
*Stock under F&O ban on NSE*
*29-Sep-21*
1IDEA
2SAIL
3SUNTV
4ZEEL
October 18 likely date when US debt measures may get exhausted, warns Treasury Secretary Janet Yellen - https://www.moneycontrol.com/news/world/october-18-likely-date-when-us-debt-measures-exhausted-warns-treasury-secretary-janet-yellen-7519691.html
Moneycontrol
October 18 Likely Date When US Debt Measures May Get Exhausted, Warns Treasury Secretary Janet Yellen
As she has done in the past, Yellen urged Congress to “protect the full faith and credit of the United States by acting as soon as possible” to either raise the debt limit or suspend it.
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 29, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_Uee2P4xcS9mzDdq9y4fqmA
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 29, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_Uee2P4xcS9mzDdq9y4fqmA
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
Bulk Deal as on 28-09-21
AWHCL
- 36.12 Lk @ 353.21 GUILDFORD (MAURITIUS) LIMITED
- 16.23 Lk @ 358.2 CAMBRIDGE (MAURITIUS) LIMITED
+ 5 Lk @ 367.75 Authum Investment & Infrastructure Ltd
+ 2.75 Lk @ 361.68 Tata AIG general insurance company Ltd
+ 2 Lk @ 369.01 Winro Commercial India Ltd
Axis Bank
+ 34 Lk @ 789 Societe Generale
- 34 Lk @ 789 UBS Principal Capital Asia Ltd
Bhageria Ind
- 2.59 Lk @ 259.35 Bodal Chemical Ltd
Consolidated Finvest
+ 5.26 Lk @ 143.91 Manju Bhalotia
Industrial Invt Trust
+ 5.31 Lk @ 68.2 Systematix Shares & Stocks Ltd
- 5.31 Lk @ 68.2 Conlecta Capital Advisors Pvt Ltd
JTLINFRA
- 56 K @ 889.15 DUGAR GROWTH FUND PRIVATE LIMITED
McLeod Russel India
- 50 Lk @ 31.15 IndusInd Bank Ltd Client Alc
- 10 Lk @ 31.15 Jaikarni Holdings Pvt Ltd
+ 40 Lk @ 31.11 Kavita Khaithan
WEBELSOLAR
- 10.38 Lk @ 67.8 INDIA MAX INESTMENT FUND
- 3.88 Lk @ 68.4 Antara India Evergreen Fund Ltd
AWHCL
- 36.12 Lk @ 353.21 GUILDFORD (MAURITIUS) LIMITED
- 16.23 Lk @ 358.2 CAMBRIDGE (MAURITIUS) LIMITED
+ 5 Lk @ 367.75 Authum Investment & Infrastructure Ltd
+ 2.75 Lk @ 361.68 Tata AIG general insurance company Ltd
+ 2 Lk @ 369.01 Winro Commercial India Ltd
Axis Bank
+ 34 Lk @ 789 Societe Generale
- 34 Lk @ 789 UBS Principal Capital Asia Ltd
Bhageria Ind
- 2.59 Lk @ 259.35 Bodal Chemical Ltd
Consolidated Finvest
+ 5.26 Lk @ 143.91 Manju Bhalotia
Industrial Invt Trust
+ 5.31 Lk @ 68.2 Systematix Shares & Stocks Ltd
- 5.31 Lk @ 68.2 Conlecta Capital Advisors Pvt Ltd
JTLINFRA
- 56 K @ 889.15 DUGAR GROWTH FUND PRIVATE LIMITED
McLeod Russel India
- 50 Lk @ 31.15 IndusInd Bank Ltd Client Alc
- 10 Lk @ 31.15 Jaikarni Holdings Pvt Ltd
+ 40 Lk @ 31.11 Kavita Khaithan
WEBELSOLAR
- 10.38 Lk @ 67.8 INDIA MAX INESTMENT FUND
- 3.88 Lk @ 68.4 Antara India Evergreen Fund Ltd
Pledge Share Detail
Ajanta Pharma: Promoter Ravi Agrawal created a pledge of 4.20 lakh shares on September 27.
Ajanta Pharma: Promoter Ravi Agrawal created a pledge of 4.20 lakh shares on September 27.
Stocks To Watch
HDFC Asset Management Company: Promoter Standard Life Investment seeks up to $411 million from HDFC AMC share sale, according to terms of the deal. The promoter is offering 1.06 crore shares in HDFC AMC in an accelerated placement. The floor price has been fixed at Rs 2,870, which is at a discount of 6.68% to Tuesday’s closing price.
Mahindra & Mahindra: The company is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, according to a Bloomberg report.
Lupin: The company has launched Droxidopa Capsules in the United States. Droxidopa Capsules is a generic equivalent of Northera Capsules of Lundbeck NA Ltd., indicated for the treatment of orthostatic dizziness and light-headedness in adult patients.
Future Group stocks: The NCLT, Mumbai bench has passed an order allowing the group to hold meetings of shareholders and creditors to seek approval for the scheme of arrangement. The scheme has been proposed between 20 Future Group entities, including 6 listed companies, with Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle. The NCLT has also rejected
the intervention application filed by Amazon.
Bharti Airtel: CRISIL Ratings has upgraded its long-term rating on the bank facilities and debt programme of Bharti Airtel to AA+/Stable from AA/Stable and has reaffirmed the A1+ rating on the commercial paper programme.
Allcargo Logistics: Allcargo Belgium NV, a wholly owned subsidiary of the company, has appointed Jefferies Financial as investment banker to evaluate fund raising opportunities for private equity and strategic investment in ECU Worldwide.
HDFC Asset Management Company: Promoter Standard Life Investment seeks up to $411 million from HDFC AMC share sale, according to terms of the deal. The promoter is offering 1.06 crore shares in HDFC AMC in an accelerated placement. The floor price has been fixed at Rs 2,870, which is at a discount of 6.68% to Tuesday’s closing price.
Mahindra & Mahindra: The company is weighing options to raise funds for its Automobili Pininfarina unit as it seeks to bring a delayed $2.2 million electric hypercar into production, according to a Bloomberg report.
Lupin: The company has launched Droxidopa Capsules in the United States. Droxidopa Capsules is a generic equivalent of Northera Capsules of Lundbeck NA Ltd., indicated for the treatment of orthostatic dizziness and light-headedness in adult patients.
Future Group stocks: The NCLT, Mumbai bench has passed an order allowing the group to hold meetings of shareholders and creditors to seek approval for the scheme of arrangement. The scheme has been proposed between 20 Future Group entities, including 6 listed companies, with Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle. The NCLT has also rejected
the intervention application filed by Amazon.
Bharti Airtel: CRISIL Ratings has upgraded its long-term rating on the bank facilities and debt programme of Bharti Airtel to AA+/Stable from AA/Stable and has reaffirmed the A1+ rating on the commercial paper programme.
Allcargo Logistics: Allcargo Belgium NV, a wholly owned subsidiary of the company, has appointed Jefferies Financial as investment banker to evaluate fund raising opportunities for private equity and strategic investment in ECU Worldwide.