Money Market Update
The rupee ended at 75.51 against the U.S. Dollar on Tuesday as compared to Monday's closing of 75.35.
The rupee ended at 75.51 against the U.S. Dollar on Tuesday as compared to Monday's closing of 75.35.
Trading Tweaks
Ex-Date Interim Dividend: Man Infraconstruction
Ex-Date Stock Split: Dhanvarsha Finvest, JTL Infra
Ex-Date Income Distribution: India Infrastructure Trust
Ex-Date Bonus Issue: SRF
Price Band Revised From 10% To 5%: Jain Irrigation Systems
Move Into Short-Term ASM Framework: Jain Irrigation Systems, PG Electroplast
Move Out Of Short-Term ASM Framework: GTPL Hathway
Move Into ASM Framework: Optiemus Infracom, Inox Wind Energy, Somany Ceramics
Ex-Date Interim Dividend: Man Infraconstruction
Ex-Date Stock Split: Dhanvarsha Finvest, JTL Infra
Ex-Date Income Distribution: India Infrastructure Trust
Ex-Date Bonus Issue: SRF
Price Band Revised From 10% To 5%: Jain Irrigation Systems
Move Into Short-Term ASM Framework: Jain Irrigation Systems, PG Electroplast
Move Out Of Short-Term ASM Framework: GTPL Hathway
Move Into ASM Framework: Optiemus Infracom, Inox Wind Energy, Somany Ceramics
*Stocks which are looking strong*
Schaeffler Ltd
Jubilant Food
Petronet LNG
Hero Motor
TVS Motor
Maharashtra Bank
MSTC
Ineos Styrolution
BSE
Engineers India
Hinduja Global Solutions
Ujjiwan Small Finance Bank
IFB Agro
Maharashtra Seamless
Trent
HPCL
SBI
ICICI SECURITIES
SRF
Jubilant Ingrevia
Atul Auto
Datamatics Global
Titan Company
GM Breweries
Associated Alcohol
Radico Khaitan
Schaeffler Ltd
Jubilant Food
Petronet LNG
Hero Motor
TVS Motor
Maharashtra Bank
MSTC
Ineos Styrolution
BSE
Engineers India
Hinduja Global Solutions
Ujjiwan Small Finance Bank
IFB Agro
Maharashtra Seamless
Trent
HPCL
SBI
ICICI SECURITIES
SRF
Jubilant Ingrevia
Atul Auto
Datamatics Global
Titan Company
GM Breweries
Associated Alcohol
Radico Khaitan
*Some stocks which are looking weak*
Just Dial
Nectar Lifesciences
Lincoln Pharmaceuticals
SRHHYPOLTD
Aegis Logistics
BASF
Birla Soft
Aster DM Healthcare
IOL CHEMICAL
FDC
Just Dial
Nectar Lifesciences
Lincoln Pharmaceuticals
SRHHYPOLTD
Aegis Logistics
BASF
Birla Soft
Aster DM Healthcare
IOL CHEMICAL
FDC
*Note of Caution*
We are observing some weakness in market. As the broader participation is getting narrowed.
It is advised to reduce your positions.
Strictly follow Stop Loss.
Clear leveraged positions.
Sell weak stocks.
Stay with strength.
We are observing some weakness in market. As the broader participation is getting narrowed.
It is advised to reduce your positions.
Strictly follow Stop Loss.
Clear leveraged positions.
Sell weak stocks.
Stay with strength.
*Energy crisis Picks*
Honda Seil Power
Kirloskar Oil
Amaraja Batteries
Exide Ind
These stocks can outperform due to ongoing power crisis.
Honda Seil Power
Kirloskar Oil
Amaraja Batteries
Exide Ind
These stocks can outperform due to ongoing power crisis.
Current price of Tata motors ADR is 31.55 dollars
1 ADR consists of 5 shares of Tata motors
So 31.55 $ * 75.5 INR is 2382 Rs.
So for value of 1 share of Tata motors in INR is 2382 divide by 5 is 476.4 Rs.
So Expecting 10% UC GAP UP
1 ADR consists of 5 shares of Tata motors
So 31.55 $ * 75.5 INR is 2382 Rs.
So for value of 1 share of Tata motors in INR is 2382 divide by 5 is 476.4 Rs.
So Expecting 10% UC GAP UP
*Tata Motors Concall Update on stake sale cum future plans of the EV Business*
_*Focused investments in EV business is encouraging*_
*Outlook: Positive*
• The board of TAMO has approved incorporation of a subsidiary TML EVCo to undertake its passenger electric mobility business.
• TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible preference shares to secure between 11 % to 15 % stake in this company translating to an equity valuation of up to $9.1 bn.
• 50% of the amount would be given by March 2022 and the remaining by Dec 2022.
• Co plans to invest a total of more than Rs. 16,000 Cr over next 5 years in products, platforms, drive trains, dedicated EV manufacturing, charging infrastructure and advanced technologies.
• Over the next 5 years, this company will create a portfolio of 10 EVs and in association with Tata Power Ltd, catalyse the creation of a widespread charging infrastructure to facilitate rapid EV adoption in India.
• The new co will remain asset light; and the old PV co will act as a toll manufacturer for the EV co as well as continue to sell traditional PVs.
• Existing brands, IPs, network would remain with the traditional co and the EV co would be charged royalty on arms length basis. Fresh EV brands, IPs produced by the EV co shall rest with the EV co.
• PV EV Industry achieved sales of 5910 EV units in FY21 and is on track to sell 15-16k units in FY22 (YoY Growth of 2.5x). Industry is expected to increase share of EVs to double digits over the next 5 years.
• TAMO plans to increase its EV share in total PV sales to 20% over the next 5 years.
• TAMO already has 71% EV market share in FY21 (from 18% in FY19).
• Tata Nexon is the No. 1 selling EV in India.
*Growth drivers for EV Industry –*
• Favorable Govt policies – FAME II
• Increase in ICE vehicle prices post BSVI
• Steep increase in fuel prices leading to higher running cost for ICEs
• Positive word of mouth through existing customers
Stock is trading at 12x FY23E EPS
_*Focused investments in EV business is encouraging*_
*Outlook: Positive*
• The board of TAMO has approved incorporation of a subsidiary TML EVCo to undertake its passenger electric mobility business.
• TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible preference shares to secure between 11 % to 15 % stake in this company translating to an equity valuation of up to $9.1 bn.
• 50% of the amount would be given by March 2022 and the remaining by Dec 2022.
• Co plans to invest a total of more than Rs. 16,000 Cr over next 5 years in products, platforms, drive trains, dedicated EV manufacturing, charging infrastructure and advanced technologies.
• Over the next 5 years, this company will create a portfolio of 10 EVs and in association with Tata Power Ltd, catalyse the creation of a widespread charging infrastructure to facilitate rapid EV adoption in India.
• The new co will remain asset light; and the old PV co will act as a toll manufacturer for the EV co as well as continue to sell traditional PVs.
• Existing brands, IPs, network would remain with the traditional co and the EV co would be charged royalty on arms length basis. Fresh EV brands, IPs produced by the EV co shall rest with the EV co.
• PV EV Industry achieved sales of 5910 EV units in FY21 and is on track to sell 15-16k units in FY22 (YoY Growth of 2.5x). Industry is expected to increase share of EVs to double digits over the next 5 years.
• TAMO plans to increase its EV share in total PV sales to 20% over the next 5 years.
• TAMO already has 71% EV market share in FY21 (from 18% in FY19).
• Tata Nexon is the No. 1 selling EV in India.
*Growth drivers for EV Industry –*
• Favorable Govt policies – FAME II
• Increase in ICE vehicle prices post BSVI
• Steep increase in fuel prices leading to higher running cost for ICEs
• Positive word of mouth through existing customers
Stock is trading at 12x FY23E EPS
Global-Market Insights
-Market cues are subdued as traders waiting for more triggers from earnings
-Dollar index firmly holding above 94 and Brent crude close to $84
-Dow -118 to 34,378
-S&P -11 to 4351
-Inflation data & Fed minutes are due today along with top banks results
-IMF revised its global growth outlook for 2021 to 5.9% in October from 6% forecasted in July
-US economy will expand 6%, below 7% in July, and China is seen growing 8%, 0.1 percentage point lower than in July
-Nasdaq -20 to 14466
-Market cues are subdued as traders waiting for more triggers from earnings
-Dollar index firmly holding above 94 and Brent crude close to $84
-Dow -118 to 34,378
-S&P -11 to 4351
-Inflation data & Fed minutes are due today along with top banks results
-IMF revised its global growth outlook for 2021 to 5.9% in October from 6% forecasted in July
-US economy will expand 6%, below 7% in July, and China is seen growing 8%, 0.1 percentage point lower than in July
-Nasdaq -20 to 14466
*ABM Morning Update*
*INDIA ON ROLL; NIFTY EXTENDS GAIN TO YET ANOTHER RECORD CLOSE*
*Global markets :*
The three major U.S. stock indexes closed lower for a third consecutive session Tuesday ahead of a key inflation reading and a kick-off to third-quarter earnings season. The consumer price index for September is slated to be announced Wednesday morning. Economists expect prices for an array of consumer goods to jump 0.3% in September from the month prior and 5.3% year over year. Moreover, The Federal Open Market Committee on Wednesday is also set to release its minutes from the September meeting. Investors will be digesting the minutes for any potential clues regarding the central bank's plans to pull back easy monetary policy.
Thermal coal futures surged to a record for a second day in China as another key mining region suffered flooding, complicating efforts to boost supply and halt an escalating energy crisis. Oil held above $80 a barrel on expectations that a power crisis from Asia to Europe will lift demand and tighten global balances.
*Domestic markets :*
Markets continue to scale new highs though a case of sector rotation is ongoing. Markets ended a choppy day in the positive territory amid fag-end buying in PSB (3%), FMCG (1.3%), and auto (0.8%) stocks. Titan (up 6%), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top Nifty gainers. On the flipside, HCL Tech down 3.75%, Tech M, HDFC Life, Coal India, and Ultratech Cement were the top laggards. Market breadth was positive with MidCap and SmallCap indices ending 0.65% & 0.26% higher.
According to IMF, India's economy, which contracted by 7.3% due to the COVID-19 pandemic, is expected to grow by 9.5% in 2021 and 8.5% in 2022, even as it has moderately scaled down its forecast for the world economy during 2021 by 10bps to 5.9% in view of worsening COVID dynamics and supply disruptions.
On the macro data front, CPI rate fell to a 5-month low of 4.35% in September from 5.59% in the previous month as food prices rose at a significantly lower pace of 0.68%, compared with 3.11% over this period. This justified the accommodative stance of the RBI's MPC. Besides, industrial output not only grew at a faster pace at 11.9% in August as compared to 11.5% a month ago. However, this double-digit growth can be attributed to the impact of a low base. Industrial production in volume terms, as measured by the IIP, contracted 7.1% in August last year due to the disruption caused by pandemic.
The Centre has asked thermal power generators to import coal for at least 10% blending, citing shortage of domestic coal supply in a sharp reversal of its earlier directive of using domestic coal. At the same time, it alleged "several" states are selling unallocated power on power exchanges "at high price" and they would be penalised.
IT majors Infosys and Wipro to announce Q2 earnings during the day. Street expects Infosys o increase revenue guidance for FY22. Wipro is expected to report 25-29% YoY revenue jump. Q3 guidance remains the key.
*Quote for the day: “If I’m betting on 1 country in #Asia it’s India; If I’m betting on 2 countries then it’s India Twice!” – John T Chambers*
*“Availability of chips is improving, we believe the worst of the semi-conductor shortage is over” -M&M to CNBCTV18.*
*Focus for the day:*
1. Results: Infosys, Wipro
2. US & China Sep CPI
*Key corporate developments/policy actions:*
1. Covaxin has become the world’s first Covid-19 vaccine approved for use in children as young as two years.
2. Cabinet approves nutrient based subsidy rates for P&K fertilisers
3. RBI issues SFB licence to Centrum-BharatPe consortium
4. Reliance New Energy Solar invests in @NexWafe as strategic lead investor
5. Radico Khaitan announces launch of 2 new premium IMFLs
6. SRF trades ex-bonus (4:1)
7. TaMo to raise $1 bn (Rs 7,500 cr) in its passenger electric vehicle business from TPG Rise Climate at valuation of ~$9.1 bn.
8. Delhi govt extends 20% reduction in circle rates till 31st Dec.
*INDIA ON ROLL; NIFTY EXTENDS GAIN TO YET ANOTHER RECORD CLOSE*
*Global markets :*
The three major U.S. stock indexes closed lower for a third consecutive session Tuesday ahead of a key inflation reading and a kick-off to third-quarter earnings season. The consumer price index for September is slated to be announced Wednesday morning. Economists expect prices for an array of consumer goods to jump 0.3% in September from the month prior and 5.3% year over year. Moreover, The Federal Open Market Committee on Wednesday is also set to release its minutes from the September meeting. Investors will be digesting the minutes for any potential clues regarding the central bank's plans to pull back easy monetary policy.
Thermal coal futures surged to a record for a second day in China as another key mining region suffered flooding, complicating efforts to boost supply and halt an escalating energy crisis. Oil held above $80 a barrel on expectations that a power crisis from Asia to Europe will lift demand and tighten global balances.
*Domestic markets :*
Markets continue to scale new highs though a case of sector rotation is ongoing. Markets ended a choppy day in the positive territory amid fag-end buying in PSB (3%), FMCG (1.3%), and auto (0.8%) stocks. Titan (up 6%), Bajaj Finserv, Bajaj Auto, Divis Labs, SBI, Hindalco, and Hero MotoCorp were the top Nifty gainers. On the flipside, HCL Tech down 3.75%, Tech M, HDFC Life, Coal India, and Ultratech Cement were the top laggards. Market breadth was positive with MidCap and SmallCap indices ending 0.65% & 0.26% higher.
According to IMF, India's economy, which contracted by 7.3% due to the COVID-19 pandemic, is expected to grow by 9.5% in 2021 and 8.5% in 2022, even as it has moderately scaled down its forecast for the world economy during 2021 by 10bps to 5.9% in view of worsening COVID dynamics and supply disruptions.
On the macro data front, CPI rate fell to a 5-month low of 4.35% in September from 5.59% in the previous month as food prices rose at a significantly lower pace of 0.68%, compared with 3.11% over this period. This justified the accommodative stance of the RBI's MPC. Besides, industrial output not only grew at a faster pace at 11.9% in August as compared to 11.5% a month ago. However, this double-digit growth can be attributed to the impact of a low base. Industrial production in volume terms, as measured by the IIP, contracted 7.1% in August last year due to the disruption caused by pandemic.
The Centre has asked thermal power generators to import coal for at least 10% blending, citing shortage of domestic coal supply in a sharp reversal of its earlier directive of using domestic coal. At the same time, it alleged "several" states are selling unallocated power on power exchanges "at high price" and they would be penalised.
IT majors Infosys and Wipro to announce Q2 earnings during the day. Street expects Infosys o increase revenue guidance for FY22. Wipro is expected to report 25-29% YoY revenue jump. Q3 guidance remains the key.
*Quote for the day: “If I’m betting on 1 country in #Asia it’s India; If I’m betting on 2 countries then it’s India Twice!” – John T Chambers*
*“Availability of chips is improving, we believe the worst of the semi-conductor shortage is over” -M&M to CNBCTV18.*
*Focus for the day:*
1. Results: Infosys, Wipro
2. US & China Sep CPI
*Key corporate developments/policy actions:*
1. Covaxin has become the world’s first Covid-19 vaccine approved for use in children as young as two years.
2. Cabinet approves nutrient based subsidy rates for P&K fertilisers
3. RBI issues SFB licence to Centrum-BharatPe consortium
4. Reliance New Energy Solar invests in @NexWafe as strategic lead investor
5. Radico Khaitan announces launch of 2 new premium IMFLs
6. SRF trades ex-bonus (4:1)
7. TaMo to raise $1 bn (Rs 7,500 cr) in its passenger electric vehicle business from TPG Rise Climate at valuation of ~$9.1 bn.
8. Delhi govt extends 20% reduction in circle rates till 31st Dec.
9. Domestic flights will be allowed to operate at full capacity from October 18.
10. Centre alleges "several" unallocated power on power exchanges "at high price" and they would be penalized.
*Fund Flow:*
FII: (-) Rs 2.78 bn; DII : (-) Rs 7.41 bn
*Stocks to focus :*
Large Cap: Divis Lab, HDFC Bank, HCL Tech, HUL, ICICI Bank, ICICI Lombard, Infosys, Jubilant Foodworks, Maruti, Nestle, Tata Steel
Midcap: Aavas Fin, Amber Ent, Apollo Tyres, Gmm Pfaudler, Minda Ind, Mrs Bectors Food, Poly Medicure, Sumitomo, VBL
10. Centre alleges "several" unallocated power on power exchanges "at high price" and they would be penalized.
*Fund Flow:*
FII: (-) Rs 2.78 bn; DII : (-) Rs 7.41 bn
*Stocks to focus :*
Large Cap: Divis Lab, HDFC Bank, HCL Tech, HUL, ICICI Bank, ICICI Lombard, Infosys, Jubilant Foodworks, Maruti, Nestle, Tata Steel
Midcap: Aavas Fin, Amber Ent, Apollo Tyres, Gmm Pfaudler, Minda Ind, Mrs Bectors Food, Poly Medicure, Sumitomo, VBL
चर्चा में …
#TATA_MOTORS | #TaMo_DVR
🚗 To incorporate subsidiary to undertake its passenger vehicle mobility biz - Tata Motors Electric Vehicle Co
🚗 PE Firm TPG to invest Rs 7500 Cr In TaMo Electric Vehicle Co
🚗 TPG to invest $ 1 Bn @ $ 9.1 Bn Valuation
@CNBC_Awaaz
#TATA_MOTORS | #TaMo_DVR
🚗 To incorporate subsidiary to undertake its passenger vehicle mobility biz - Tata Motors Electric Vehicle Co
🚗 PE Firm TPG to invest Rs 7500 Cr In TaMo Electric Vehicle Co
🚗 TPG to invest $ 1 Bn @ $ 9.1 Bn Valuation
@CNBC_Awaaz
#ASHOK_LEYLAND
Promoters Get 1.55 Crore Pledged Shares Released
@CNBC_Awaaz #AwaazMarkets #MunafeKiBaat
Promoters Get 1.55 Crore Pledged Shares Released
@CNBC_Awaaz #AwaazMarkets #MunafeKiBaat
*Stocks which are looking strong*
Schaeffler Ltd
Jubilant Food
Petronet LNG
Hero Motor
TVS Motor
Maharashtra Bank
MSTC
Ineos Styrolution
BSE
Engineers India
Hinduja Global Solutions
Ujjiwan Small Finance Bank
IFB Agro
Maharashtra Seamless
Trent
HPCL
SBI
ICICI SECURITIES
SRF
Jubilant Ingrevia
Atul Auto
Datamatics Global
Titan Company
GM Breweries
Associated Alcohol
Radico Khaitan
Schaeffler Ltd
Jubilant Food
Petronet LNG
Hero Motor
TVS Motor
Maharashtra Bank
MSTC
Ineos Styrolution
BSE
Engineers India
Hinduja Global Solutions
Ujjiwan Small Finance Bank
IFB Agro
Maharashtra Seamless
Trent
HPCL
SBI
ICICI SECURITIES
SRF
Jubilant Ingrevia
Atul Auto
Datamatics Global
Titan Company
GM Breweries
Associated Alcohol
Radico Khaitan
*Some stocks which are looking weak*
Just Dial
Nectar Lifesciences
Lincoln Pharmaceuticals
SRHHYPOLTD
Aegis Logistics
BASF
Birla Soft
Aster DM Healthcare
IOL CHEMICAL
FDC
Just Dial
Nectar Lifesciences
Lincoln Pharmaceuticals
SRHHYPOLTD
Aegis Logistics
BASF
Birla Soft
Aster DM Healthcare
IOL CHEMICAL
FDC