But Intermittent fasting can have numerous health benefits.Most people following intermittent fasting skip one meal a day (mostly dinner)
========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️
÷÷÷÷÷÷ *Samapath*÷÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW the GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯
========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️
÷÷÷÷÷÷ *Samapath*÷÷÷÷÷÷÷
https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW the GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯
Telegram
Shuboudhay Daily News
You’ve been invited to join this group on Telegram.
*TCS Review*
*CLSA:* 2QFY22 a tad below est on both revenue growth & margins
Exports grew 3.5% QoQ in (CC) terms, same as 1QFY22, vs hopes of seasonal acceleration
Margins flat QoQ, in contrast to typical recovery, following wage hikes impact in 1Q
O-P, TP Rs 4050
*UBS on TCS*
Expect stock to consolidate here with a slight downward bias given only a slight cut is likely to consensus FY22 earnings
Key question is - Revenue growth is now starting to normalise for sector
Neutral, TP Rs 4180
*JPM on TCS*
2Q22: Soft qtr with misses on revenues/margins, headline deal wins begin to soften
With stock strong into earnings & close to all-time highs, believe misses on revenue & margins are likely to weigh on stock in near term
OW, TP Rs 4200
*GS on TCS*
Below est on rev, margins & order book
Cut EPS est by 1-2% over FY22-26E
Deal wins at $7.6Bn, though broad-based, down 12% YoY & 6% QoQ with book:bill of 1.2X
Excluding a large deal win in same qtr last yr, order book was up 25% YoY
Buy, TP Rs 4657
*CLSA:* 2QFY22 a tad below est on both revenue growth & margins
Exports grew 3.5% QoQ in (CC) terms, same as 1QFY22, vs hopes of seasonal acceleration
Margins flat QoQ, in contrast to typical recovery, following wage hikes impact in 1Q
O-P, TP Rs 4050
*UBS on TCS*
Expect stock to consolidate here with a slight downward bias given only a slight cut is likely to consensus FY22 earnings
Key question is - Revenue growth is now starting to normalise for sector
Neutral, TP Rs 4180
*JPM on TCS*
2Q22: Soft qtr with misses on revenues/margins, headline deal wins begin to soften
With stock strong into earnings & close to all-time highs, believe misses on revenue & margins are likely to weigh on stock in near term
OW, TP Rs 4200
*GS on TCS*
Below est on rev, margins & order book
Cut EPS est by 1-2% over FY22-26E
Deal wins at $7.6Bn, though broad-based, down 12% YoY & 6% QoQ with book:bill of 1.2X
Excluding a large deal win in same qtr last yr, order book was up 25% YoY
Buy, TP Rs 4657
*NBFC/AMC /Insurance*
*On an improving trend*
*Q2FY2022 Results Preview*
*Sector: NBFC/ AMC/ Insurance*
*Sector View: Positive*
We expect disbursements of non-banking finance companies (NBFCs) under our coverage to pick up significantly q-o-q on a lower base, after a muted show in Q1FY22. Overall, we expect housing finance and vehicle finance companies to clock robust disbursement growth of 90-110%. Further, housing finance companies (HFCs) are better placed as compared to automobile financiers as loans disbursed are more skewed towards salaried customers for HFCs. Collection efficiency (CE) is likely to enhance further from July 2021 levels. CE for auto financiers is expected at 85-100%. With an improvement in the CE, asset quality (Stage-3) is likely to remain stable/ see minor deterioration.
*Summary*
• NBFCs – Expect improving trend in Q2: With the continued recovery in the economy since July 2021, we expect the trend in disbursements for NBFCs to improve (surging over 100% q-o-q, albeit on a lower base in Q1, which was severely impacted by the pandemic) as well as collection efficiencies; thereon leading to lower credit costs.
• Insurance – Pick-up in premium collections: Life insurers may witness strong APE growth driven by ULIP and non-par savings, although COVID-19 related claims are likely to remain elevated during the quarter. With respect to general insurance companies, the combined ratio may remain high, but is likely to be lower than Q1FY22.
• AMCs – Strong domestic inflows: Asset management companies are expected to show robust growth in equity assets driven by appreciation and robust domestic inflows with SIPs crossing the Rs. 10,000 crore mark in September.
• Preferred picks: NBFCs: HDFC Ltd, Bajaj Finance, Cholamandalam Investment Finance, Repco Home Finance Insurance: ICICI Prudential Life, Max Financial AMCs: Nippon Life India AMC
*On an improving trend*
*Q2FY2022 Results Preview*
*Sector: NBFC/ AMC/ Insurance*
*Sector View: Positive*
We expect disbursements of non-banking finance companies (NBFCs) under our coverage to pick up significantly q-o-q on a lower base, after a muted show in Q1FY22. Overall, we expect housing finance and vehicle finance companies to clock robust disbursement growth of 90-110%. Further, housing finance companies (HFCs) are better placed as compared to automobile financiers as loans disbursed are more skewed towards salaried customers for HFCs. Collection efficiency (CE) is likely to enhance further from July 2021 levels. CE for auto financiers is expected at 85-100%. With an improvement in the CE, asset quality (Stage-3) is likely to remain stable/ see minor deterioration.
*Summary*
• NBFCs – Expect improving trend in Q2: With the continued recovery in the economy since July 2021, we expect the trend in disbursements for NBFCs to improve (surging over 100% q-o-q, albeit on a lower base in Q1, which was severely impacted by the pandemic) as well as collection efficiencies; thereon leading to lower credit costs.
• Insurance – Pick-up in premium collections: Life insurers may witness strong APE growth driven by ULIP and non-par savings, although COVID-19 related claims are likely to remain elevated during the quarter. With respect to general insurance companies, the combined ratio may remain high, but is likely to be lower than Q1FY22.
• AMCs – Strong domestic inflows: Asset management companies are expected to show robust growth in equity assets driven by appreciation and robust domestic inflows with SIPs crossing the Rs. 10,000 crore mark in September.
• Preferred picks: NBFCs: HDFC Ltd, Bajaj Finance, Cholamandalam Investment Finance, Repco Home Finance Insurance: ICICI Prudential Life, Max Financial AMCs: Nippon Life India AMC
Money Market Update
The rupee ended at 75.35 against the U.S. Dollar on Monday as compared to Friday's closing of 74.99.
The rupee ended at 75.35 against the U.S. Dollar on Monday as compared to Friday's closing of 74.99.
Who’s Meeting Whom
Tata Metaliks: To meet Monarch Networth Capital on October 12.
Hinduja Global Solutions: To meet Buoyant Capital on October 12 and Karma Capital Advisors on October 13.
Tata Metaliks: To meet Monarch Networth Capital on October 12.
Hinduja Global Solutions: To meet Buoyant Capital on October 12 and Karma Capital Advisors on October 13.
Pledge Share Details
Arvind Fashions: Promoter Aura Securities created a pledge of 13 lakh shares on October 7.
Max Healthcare Institute: Promoter Kayak Investments Holding Pte created a pledge of 25.11 crore shares on October 6.As reported on October 11.
Arvind Fashions: Promoter Aura Securities created a pledge of 13 lakh shares on October 7.
Max Healthcare Institute: Promoter Kayak Investments Holding Pte created a pledge of 25.11 crore shares on October 6.As reported on October 11.
Stocks To Watch
HFCL: Q2 Cons Net Profit 816.1m Rupees Vs 510m (YoY) || Q2 Revenue 11.22b Rupees Vs 10.54b (YoY)
Shoppers Stop: Co Says Sale Of 51% Stake Of Co In Crossword Has Been Completed
Tata Metaliks: Q2 Sl Net Profit 546.2m Rupees Vs 820m (YoY) | 947.2m (QoQ) || Q2 Revenue 6.45b Rupees Vs 5.2b (YoY); 6.03b (QoQ)
Delta Corp: Q2 Cons Net Loss 225.7m Rupees Vs Loss 549m (YoY) || Q2 Revenue 747.2m Rupees Vs 384m (YoY)
Adani Ports: Co To Not Handle Exim Containerised Cargo Originating From Iran, Pakistan And Afghanistan From Nov 15 || Trade Advisory To Apply At All Adani Ports Terminals Until Further Notice - Cnbctv18
Adani Green Energy: Co Says Provisional Total Operational Capacity Nearly Doubles (YoY) To 5,410 MW In Q2
Hero Motocorp: Co Further Augments Its Scooter Portfolio || Launches The New Pleasure+ Xtec
HCL Technologies: Co Partners With Google Cloud To Launch Innovative Healthcare & Life Sciences Solutions
Central Depository Services (India): Co Accorded Its In Principle Approval For Divestment Of Stake Of CDSL In CDSL IFSC Ltd
Reliance Capital: Co Says Discussed Various Matters Relating To Resolution Of Debt And Decided To Meet Again On Monday, Nov 01, 2021, To Consider Various Alternative Proposals In The Best Interest Of All Its Stakeholders
Rane (Madras): Co Acquires Steering Components Business Of Hical Group
Bharti Airtel: Co Move TDSAT Against Dot Penalty Demand Of Rs 1,050 Crore
Vodafone Idea: Co Move TDSAT Against Dot Penalty Demand Of Rs 2,000 Crore
HFCL: Q2 Cons Net Profit 816.1m Rupees Vs 510m (YoY) || Q2 Revenue 11.22b Rupees Vs 10.54b (YoY)
Shoppers Stop: Co Says Sale Of 51% Stake Of Co In Crossword Has Been Completed
Tata Metaliks: Q2 Sl Net Profit 546.2m Rupees Vs 820m (YoY) | 947.2m (QoQ) || Q2 Revenue 6.45b Rupees Vs 5.2b (YoY); 6.03b (QoQ)
Delta Corp: Q2 Cons Net Loss 225.7m Rupees Vs Loss 549m (YoY) || Q2 Revenue 747.2m Rupees Vs 384m (YoY)
Adani Ports: Co To Not Handle Exim Containerised Cargo Originating From Iran, Pakistan And Afghanistan From Nov 15 || Trade Advisory To Apply At All Adani Ports Terminals Until Further Notice - Cnbctv18
Adani Green Energy: Co Says Provisional Total Operational Capacity Nearly Doubles (YoY) To 5,410 MW In Q2
Hero Motocorp: Co Further Augments Its Scooter Portfolio || Launches The New Pleasure+ Xtec
HCL Technologies: Co Partners With Google Cloud To Launch Innovative Healthcare & Life Sciences Solutions
Central Depository Services (India): Co Accorded Its In Principle Approval For Divestment Of Stake Of CDSL In CDSL IFSC Ltd
Reliance Capital: Co Says Discussed Various Matters Relating To Resolution Of Debt And Decided To Meet Again On Monday, Nov 01, 2021, To Consider Various Alternative Proposals In The Best Interest Of All Its Stakeholders
Rane (Madras): Co Acquires Steering Components Business Of Hical Group
Bharti Airtel: Co Move TDSAT Against Dot Penalty Demand Of Rs 1,050 Crore
Vodafone Idea: Co Move TDSAT Against Dot Penalty Demand Of Rs 2,000 Crore
Stocks Ban In F&O:
BOB,
Bhel,
Canara Bank,
Indiabulls Hsg,
IRCTC,
Nalco,
PNB,
Sail,
Sun TV
BOB,
Bhel,
Canara Bank,
Indiabulls Hsg,
IRCTC,
Nalco,
PNB,
Sail,
Sun TV
World Markets
Dow - 250
Nasdaq - 93
Dax - 7
Nikkei - 431
Hangseng - 319
Sgxnifty - 128 (17847)
Brent Crude 83.25
Dow Fut - 167
Dollar Index 94.40
Dow - 250
Nasdaq - 93
Dax - 7
Nikkei - 431
Hangseng - 319
Sgxnifty - 128 (17847)
Brent Crude 83.25
Dow Fut - 167
Dollar Index 94.40
*SERNET News Update – Oct 12th 2021*
A day after the Government issued the Letter of Intent to Tata Sons for Air India acquisition, the board of Tata Sons will meet on Tuesday to discuss fund raising plans. Tata Sons plans to raise debt to fund the acquisition. Tata Sons has to pay Rs.18,000 crore which includes Rs.2,700 crore in cash and Rs,15,300 crore by way of assumption of debt. The AGM in September had approved debt raising plans of Rs.40,000 crore but it may only clear Rs.15,000 crore now. Turning around Air India will cost them another $3 billion.
The battle of wits between Invesco and Zee is getting tougher. Invesco, which owns 17.88% in Zee, has raised questions over the proposed merger of Zee with Sony Pictures. It believes that the transaction was not in the best interests of shareholders and would only benefit the promoters, as it gifts a 2% stake to the Zee promoters towards a non-compete clause. They also had objections to Punit Goenka getting a 5-year term at the combined entity. Invesco also expressed concerns about Zee’s strident PR campaign.
Rakesh Jhunjhunwala-backed Akasa Air has got NOC from the Ministry of Civil Aviation to start operations by mid-2022. The next step would be to apply to the DGCA for an operating permit. Akasa Air was promoted by former Jet CEO Vinay Dube and Rakesh has invested Rs.248 crore in the venture. Aditya Ghosh, former Indigo CEO, is also part of the venture. Akasa endeavours to be India’s most reliable, green and affordable airline. Akasa proposes to prise open the aviation market with affordable flying for all.
Tata Motors rallied by another 8% on Monday to cross Rs.415 and touch its highest level since January 2018. Tata Motors has rallied close to 40% in just the last one month, that is almost 10 times the rally in the Nifty. The latest trigger came after Tata Motors sought to raise $1 billion by selling a stake in its EV unit. This deal would value the EV business at $8 billion and would re-rate the valuations of Tata Motors. TPG and Temasek are among the likely investors. JLR improved performance despite the chip shortage.
Another Tata group company to rally sharply in the last few months is Tata Power, which has hit a new high of Rs.194 on the stock exchange. The stock has also seen heavy volumes in recent days. Interestingly, the stock of Tata Power has rallied by 40% in just the last 2 weeks when the Nifty was almost flat. Tata Power is going big on electric vehicle charging infrastructure (EVCI) across India, in association with TVS Motors. Tata Power also aims to scale up its renewable energy portfolio from 4 GW to 25 GW by CY-2030.
A recent report by KPMG has highlighted the way digital companies have driven the IPO market in India in the first half of FY22. The report has also pointed out that big digital names would continue to drive the IPO boom in the second half too. KPMG also noted that a lot of the money printed during the Trump era was also finding its way into stock markets. In 2021, IPO collections have crossed $10.8 billion and with 3 months to go, it looks all set to better the 2017 record. LIC, Paytm, OYO, Policybazaar are in the IPO queue.
HCL Technologies expanded its strategic partnership with Google Cloud. The intent is to jointly launch healthcare and life sciences solutions. This alliance will deliver best of HCL and Google Cloud’s deep health care and life sciences strengths. HCL’s Google Cloud Native Labs will assist to accelerate these solutions with Google Cloud support. While Google Cloud provides a veritable platform, HCL Tech brings to the table experts with decades of domain expertise. This will help deliver cutting-edge, cloud-native solutions.
GMR Infrastructure will complete the demerger of its airports and non-airports business by Dec-2021. As the next step, the GMR group also plans to bring down its corporate debt levels to zero. Between 2020 and 2021, GMR had already reduced its corporate debt from Rs.6,700 crore to Rs.4,500.
A day after the Government issued the Letter of Intent to Tata Sons for Air India acquisition, the board of Tata Sons will meet on Tuesday to discuss fund raising plans. Tata Sons plans to raise debt to fund the acquisition. Tata Sons has to pay Rs.18,000 crore which includes Rs.2,700 crore in cash and Rs,15,300 crore by way of assumption of debt. The AGM in September had approved debt raising plans of Rs.40,000 crore but it may only clear Rs.15,000 crore now. Turning around Air India will cost them another $3 billion.
The battle of wits between Invesco and Zee is getting tougher. Invesco, which owns 17.88% in Zee, has raised questions over the proposed merger of Zee with Sony Pictures. It believes that the transaction was not in the best interests of shareholders and would only benefit the promoters, as it gifts a 2% stake to the Zee promoters towards a non-compete clause. They also had objections to Punit Goenka getting a 5-year term at the combined entity. Invesco also expressed concerns about Zee’s strident PR campaign.
Rakesh Jhunjhunwala-backed Akasa Air has got NOC from the Ministry of Civil Aviation to start operations by mid-2022. The next step would be to apply to the DGCA for an operating permit. Akasa Air was promoted by former Jet CEO Vinay Dube and Rakesh has invested Rs.248 crore in the venture. Aditya Ghosh, former Indigo CEO, is also part of the venture. Akasa endeavours to be India’s most reliable, green and affordable airline. Akasa proposes to prise open the aviation market with affordable flying for all.
Tata Motors rallied by another 8% on Monday to cross Rs.415 and touch its highest level since January 2018. Tata Motors has rallied close to 40% in just the last one month, that is almost 10 times the rally in the Nifty. The latest trigger came after Tata Motors sought to raise $1 billion by selling a stake in its EV unit. This deal would value the EV business at $8 billion and would re-rate the valuations of Tata Motors. TPG and Temasek are among the likely investors. JLR improved performance despite the chip shortage.
Another Tata group company to rally sharply in the last few months is Tata Power, which has hit a new high of Rs.194 on the stock exchange. The stock has also seen heavy volumes in recent days. Interestingly, the stock of Tata Power has rallied by 40% in just the last 2 weeks when the Nifty was almost flat. Tata Power is going big on electric vehicle charging infrastructure (EVCI) across India, in association with TVS Motors. Tata Power also aims to scale up its renewable energy portfolio from 4 GW to 25 GW by CY-2030.
A recent report by KPMG has highlighted the way digital companies have driven the IPO market in India in the first half of FY22. The report has also pointed out that big digital names would continue to drive the IPO boom in the second half too. KPMG also noted that a lot of the money printed during the Trump era was also finding its way into stock markets. In 2021, IPO collections have crossed $10.8 billion and with 3 months to go, it looks all set to better the 2017 record. LIC, Paytm, OYO, Policybazaar are in the IPO queue.
HCL Technologies expanded its strategic partnership with Google Cloud. The intent is to jointly launch healthcare and life sciences solutions. This alliance will deliver best of HCL and Google Cloud’s deep health care and life sciences strengths. HCL’s Google Cloud Native Labs will assist to accelerate these solutions with Google Cloud support. While Google Cloud provides a veritable platform, HCL Tech brings to the table experts with decades of domain expertise. This will help deliver cutting-edge, cloud-native solutions.
GMR Infrastructure will complete the demerger of its airports and non-airports business by Dec-2021. As the next step, the GMR group also plans to bring down its corporate debt levels to zero. Between 2020 and 2021, GMR had already reduced its corporate debt from Rs.6,700 crore to Rs.4,500.
It had recently received Rs.1,690 crore from the divestment of its Kakinada SEZ to Aurobindo Realty. It has also sold some of its land at Krishnagiri and will monetize 1900 acres of land. Airports will generate FCF over next 3 years.
*Bulk Deal & Insider Trade Update*
Bulk Deals
*Kewal Kiran Clothing Limi : Nalanda India Fund Limited Sell 700000 Shares @ Rs. 1052.19
*Jaiprakash Power Ven. Lt : Clearwater Capital Partners Singapore Fund Iv Private Ltd-Fccb Sell 75260786 Shares @ Rs. 5.59
*Consolidated Finvest & Ho : India Opportunities Growth Fund Ltd Pinewood Strategy Buy 361112 Shares @ Rs. 179.03
*Kkcl : Nalanda India Fund Limited Sell 179081 Shares @ Rs. 1050
Insider Trade
Acquisition
*Manish Gupta Director Acquisition 93750 shares of Sequent Scientific Ltd. on 07-Oct-21
*PopatbhaiPopatbhai Meghjibhai Patel Promoter Group Acquisition 50000 shares of Meghmani Organics Ltd on 26-Aug-21
Pledge
*Kayak Investments Holding Pte. Ltd. Promoter Pledge 251145702 shares of Max Healthcare Institute Ltd on 06-Oct-21
*Aura Securities Private Limited Promoter Pledge 1300000 shares of Arvind Fashions Ltd on 07-Oct-21
Dividend Update
*Man InfraConstruction Ltd. Interim Dividend Rs. 1.26 Ex Date 13-Oct-2021
*Tata Consultancy Services Ltd. Interim Dividend Rs. 7 Ex Date 14-Oct-2021
Result Today
Bhansali Engineering Polymers Ltd.
GM Breweries Ltd.
Bulk Deals
*Kewal Kiran Clothing Limi : Nalanda India Fund Limited Sell 700000 Shares @ Rs. 1052.19
*Jaiprakash Power Ven. Lt : Clearwater Capital Partners Singapore Fund Iv Private Ltd-Fccb Sell 75260786 Shares @ Rs. 5.59
*Consolidated Finvest & Ho : India Opportunities Growth Fund Ltd Pinewood Strategy Buy 361112 Shares @ Rs. 179.03
*Kkcl : Nalanda India Fund Limited Sell 179081 Shares @ Rs. 1050
Insider Trade
Acquisition
*Manish Gupta Director Acquisition 93750 shares of Sequent Scientific Ltd. on 07-Oct-21
*PopatbhaiPopatbhai Meghjibhai Patel Promoter Group Acquisition 50000 shares of Meghmani Organics Ltd on 26-Aug-21
Pledge
*Kayak Investments Holding Pte. Ltd. Promoter Pledge 251145702 shares of Max Healthcare Institute Ltd on 06-Oct-21
*Aura Securities Private Limited Promoter Pledge 1300000 shares of Arvind Fashions Ltd on 07-Oct-21
Dividend Update
*Man InfraConstruction Ltd. Interim Dividend Rs. 1.26 Ex Date 13-Oct-2021
*Tata Consultancy Services Ltd. Interim Dividend Rs. 7 Ex Date 14-Oct-2021
Result Today
Bhansali Engineering Polymers Ltd.
GM Breweries Ltd.
Stocks To Watch
Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
Zee Entertainment Enterprises: In an open letter to the Zee Entertainment's shareholders, Invesco Fund has raised questions regarding its management, governance and value destruction.
TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
Earnings: GM Breweries, JTL Infra
Adani Green Energy: Total Operational Capacity nearly doubled to 5,410 MW on YoY basis. Sale of Energy up by 61% YoY at 1,901 million units in Q2 FY22 versus 1,182 million units in Q2 FY21.
Tata Motors: Tata Motors Group global wholesales in Q2 FY22, including Jaguar Land Rover, were at 2,51,689 units, up 24% year-on-year. Global wholesales of commercial vehicles and Tata Daewoo range were at 89,055 units, up 57% YoY. Global wholesales of passenger vehicles were at 1,62,634 units, up 11% YoY. Global wholesales for Jaguar Land Rover were 78,251 units.
Ujjivan Small Finance Bank: Total deposits up 31% year-on-year at Rs 14,090 crore in Q2 FY22 compared to Rs 10,743 crore last year. CASA Ratio at 22% compared to 16% last year. Gross loan book up 4% at Rs 14,508 crore Vs Rs 13,890 crore.
PI Industries: The company has executed two joint venture agreements with Polymath Holdings, LLC for undertaking the business of manufacturing and selling the products for biochemistry processes and biochemical-enabled pharmaceutical intermediates.
Kaveri Seed Company: Closed buyback of equity shares on Monday. It has bought back 20.07 lakh shares, at an average price of Rs 597.50 per share, for an aggregate amount of Rs 119.94 crore.
Zee Entertainment Enterprises: In an open letter to the Zee Entertainment's shareholders, Invesco Fund has raised questions regarding its management, governance and value destruction.
TVS Group stocks: Competition Commission of India has approved internal restructuring of TVS Group.
HCL Technologies: The company has partnered with Google Cloud to launch healthcare and life sciences solutions for customers.
Welspun Enterprises: Appointed Sanjay Sultania as Chief Financial Officer of the company w.e.f. October 11.
Schaeffler India: Board of Directors will consider subdivision of equity shares on October 28.
Ugro Capital: Board to meet on October 14 to consider raising funds by way of issuance of non-convertible debentures through public issue.
Earnings: GM Breweries, JTL Infra
🟢 New F&O Stock additions :
✔️Gujarat State Petro (GSPL)
✔️Firstsource
✔️SBI Cards
✔️Birlasoft
✔️Whirlpool
✔️Laurus Labs
✔️Atul Ltd
✔️Chambal Fert
✔️Gujarat State Petro (GSPL)
✔️Firstsource
✔️SBI Cards
✔️Birlasoft
✔️Whirlpool
✔️Laurus Labs
✔️Atul Ltd
✔️Chambal Fert