🇮🇳 Index Fund Update:
Nippon India has filed papers with SEBI for Electric Vehicle Index Fund. It tracks S&P Kensho Electric Vehicles Index. Last 3 years CAGR is 40%.
Top 5 holding
+ Aspen Aerogels
+ Li Auto
+ XPeng
+ Fisker
+ Tesla
From India, only Tata Motors is part of index.
Nippon India has filed papers with SEBI for Electric Vehicle Index Fund. It tracks S&P Kensho Electric Vehicles Index. Last 3 years CAGR is 40%.
Top 5 holding
+ Aspen Aerogels
+ Li Auto
+ XPeng
+ Fisker
+ Tesla
From India, only Tata Motors is part of index.
🔹 *RESULTS THIS WEEK*
18th OCT
ALOK INDUSTRIES
Craftsman Automation
HATSUN AGRO PRODUCT
Larsen & Toubro Infotech
Route Mobile
SVP GLOBAL VENTURES
TATA COFFEE
ULTRATECH CEMENT
19TH OCT
5paisa Capital
ACC
DCM Shriram
HEIDELBERGCEMENT INDIA
HUL
ICICI Prudential Life Insurance Co
ICICI Securities
JSW Ispat Special Products
Jubilant Ingrevia
L&T Technology Services
MASTEK
Navin Fluorine
NELCO
NESTLE INDIA
NETWORK18
ORIENTAL HOTELS
RALLIS INDIA
RANE BRAKE LINING
SHAKTI PUMPS
SONATA SOFTWARE
Tata Steel Bsl
TV18 BROADCAST
20TH OCT
Angel Broking
Arihant Superstructures
Hathway Cable
HAVELLS INDIA
Jubilant FoodWorks
JUST DIAL
L&T FINANCE HOLDINGS
Moschip Tech
RELIANCE INDUSTRIAL INFRASTRUCTURE
RANE (MADRAS)
Seacoast Shipping Services
SHOPPERS STOP
Snowman Logistics
SUPREME PETROCHEM
Syngene International
TAJGVK HOTELS & RESORTS
TATA COMMUNICATIONS
Tata Steel Long Products
Tejas Networks
21ST OCT
ASIAN PAINTS
AGRO TECH FOODS
BIOCON
Borosil Renewables
CAN FIN HOMES
CG Power and Industrial Solutions
CONCOR
ENKEI WHEELS (INDIA)
GATEWAY DISTRIPARKS
Heritage Foods
ICICI Lombard General Insurance Co
IDBI BANK
IEX
IIFL Securities
INDIAN HOTELS CO
IndiaMART InterMESH
JSW STEEL
JUBILANT INDUSTRIES
KIRLOSKAR PNEUMATIC CO
Lemon Tree Hotels
LIC HOUSING FINANCE
BANK OF MAHARASHTRA
MPHASIS
Music Broadcast
Sasken Tech
SOUTH INDIAN BANK
STERLITE TECH
Tanla Platforms
TRIDENT
TVS MOTOR CO
VST INDUSTRIES
22ND OCT
Apollo Pipes
Crompton Greaves Consumer
Dodla Dairy
FEDERAL BANK
Gland Pharma
HDFC Life Insurance Co
HINDUSTAN ZINC
Huhtamaki India
INOX LEISURE
Jubilant Pharmova
KAJARIA CERAMICS
KIRLOSKAR FERROUS INDUSTRIES
MAHINDRA HOLIDAYS & RESORTS INDIA
Polycab India
ABB Power Products
PVR
RELIANCE INDUSTRIES
SHANTHI GEARS
STEEL STRIPS WHEELS
SUBROS
SUNDARAM-CLAYTON
SUPREME INDUSTRIES
Tata Consumer Products
TATA ELXSI
TCI Express
YES BANK
18th OCT
ALOK INDUSTRIES
Craftsman Automation
HATSUN AGRO PRODUCT
Larsen & Toubro Infotech
Route Mobile
SVP GLOBAL VENTURES
TATA COFFEE
ULTRATECH CEMENT
19TH OCT
5paisa Capital
ACC
DCM Shriram
HEIDELBERGCEMENT INDIA
HUL
ICICI Prudential Life Insurance Co
ICICI Securities
JSW Ispat Special Products
Jubilant Ingrevia
L&T Technology Services
MASTEK
Navin Fluorine
NELCO
NESTLE INDIA
NETWORK18
ORIENTAL HOTELS
RALLIS INDIA
RANE BRAKE LINING
SHAKTI PUMPS
SONATA SOFTWARE
Tata Steel Bsl
TV18 BROADCAST
20TH OCT
Angel Broking
Arihant Superstructures
Hathway Cable
HAVELLS INDIA
Jubilant FoodWorks
JUST DIAL
L&T FINANCE HOLDINGS
Moschip Tech
RELIANCE INDUSTRIAL INFRASTRUCTURE
RANE (MADRAS)
Seacoast Shipping Services
SHOPPERS STOP
Snowman Logistics
SUPREME PETROCHEM
Syngene International
TAJGVK HOTELS & RESORTS
TATA COMMUNICATIONS
Tata Steel Long Products
Tejas Networks
21ST OCT
ASIAN PAINTS
AGRO TECH FOODS
BIOCON
Borosil Renewables
CAN FIN HOMES
CG Power and Industrial Solutions
CONCOR
ENKEI WHEELS (INDIA)
GATEWAY DISTRIPARKS
Heritage Foods
ICICI Lombard General Insurance Co
IDBI BANK
IEX
IIFL Securities
INDIAN HOTELS CO
IndiaMART InterMESH
JSW STEEL
JUBILANT INDUSTRIES
KIRLOSKAR PNEUMATIC CO
Lemon Tree Hotels
LIC HOUSING FINANCE
BANK OF MAHARASHTRA
MPHASIS
Music Broadcast
Sasken Tech
SOUTH INDIAN BANK
STERLITE TECH
Tanla Platforms
TRIDENT
TVS MOTOR CO
VST INDUSTRIES
22ND OCT
Apollo Pipes
Crompton Greaves Consumer
Dodla Dairy
FEDERAL BANK
Gland Pharma
HDFC Life Insurance Co
HINDUSTAN ZINC
Huhtamaki India
INOX LEISURE
Jubilant Pharmova
KAJARIA CERAMICS
KIRLOSKAR FERROUS INDUSTRIES
MAHINDRA HOLIDAYS & RESORTS INDIA
Polycab India
ABB Power Products
PVR
RELIANCE INDUSTRIES
SHANTHI GEARS
STEEL STRIPS WHEELS
SUBROS
SUNDARAM-CLAYTON
SUPREME INDUSTRIES
Tata Consumer Products
TATA ELXSI
TCI Express
YES BANK
❤1
CS on Vedanta
🚀 Upgrade to outperform
🚀 Revised TP to ₹420 vs ₹285
Rationale
👉Raise multiple to 4.5x vs 4x earlier
👉Increase forecasts on aluminum , zinc & Brent
👉Remain most bullish on aluminum among base metals
👉FY22/ FY23 Eps estimates increased by 15% / 27%
🚀 Upgrade to outperform
🚀 Revised TP to ₹420 vs ₹285
Rationale
👉Raise multiple to 4.5x vs 4x earlier
👉Increase forecasts on aluminum , zinc & Brent
👉Remain most bullish on aluminum among base metals
👉FY22/ FY23 Eps estimates increased by 15% / 27%
CHINA Q3 GDP (YOY) ACTUAL: 4.9% VS 7.9% PREVIOUS; EST. 5.0% || CHINA Q3 GDP (QOQ) ACTUAL: 0.2% VS 1.3% PREVIOUS; EST. 0.4%
CHINA (SEP) RETAIL SALES (YOY) 4.4% VS 2.5% PREVIOUS; EST. 3.5%
CHINA SEP. INDUSTRIAL PRODUCTION (YOY) ACTUAL: 3.1% VS 5.3% PREVIOUS; EST. 3.8%
CHINA (SEP) RETAIL SALES (YOY) 4.4% VS 2.5% PREVIOUS; EST. 3.5%
CHINA SEP. INDUSTRIAL PRODUCTION (YOY) ACTUAL: 3.1% VS 5.3% PREVIOUS; EST. 3.8%
Global-Market Insights
-Asian markets indicating a subdued start as traders waiting for China growth numbers
-The US markets rallied last week on steller numbers from 8 S&P companies
-BUT Brent crude oil at $85.30 may spoil the party
-Earnings season will drive the markets this week as IBM, Netflix, Tesla, Intel, J&J & P&G reporting their results
-US Bitcoin Futures ETF will be launched on Tuesday, Bitcoin at $62,347
-South Korean drama series Squid Game creates almost $900 million in value for Netflix
-Asian markets indicating a subdued start as traders waiting for China growth numbers
-The US markets rallied last week on steller numbers from 8 S&P companies
-BUT Brent crude oil at $85.30 may spoil the party
-Earnings season will drive the markets this week as IBM, Netflix, Tesla, Intel, J&J & P&G reporting their results
-US Bitcoin Futures ETF will be launched on Tuesday, Bitcoin at $62,347
-South Korean drama series Squid Game creates almost $900 million in value for Netflix
Dow +900 pts in 2 sessions
#SGXNifty indicates +100 pts🏃♂️
Nifty on 6 session winning streak
Can it build onto a 💪start?
a. FII net buy 2500cr in 2 sessions💰
b. FII in FNO on Oct 14
🐂Bought 11500 longs
🐂Long: Short at 67%:33%
c. Levels
🚨Support 18100; Resistance 18500🚨
#SGXNifty indicates +100 pts🏃♂️
Nifty on 6 session winning streak
Can it build onto a 💪start?
a. FII net buy 2500cr in 2 sessions💰
b. FII in FNO on Oct 14
🐂Bought 11500 longs
🐂Long: Short at 67%:33%
c. Levels
🚨Support 18100; Resistance 18500🚨
🌟Good Morning 🐯🌟
☀️ *Share K Saudagars' Exclusive Morning Market News & Update*☀️
💫Coal India: The company has temporarily stopped supplies to industrial users as the energy crisis in India escalates. The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. But it could worsen the situation for other industries such as aluminium smelters, cement producers and steel mills.
💫Lupin: Lupin Pharmaceuticals Inc. has voluntarily recalled lrbesartan tablets and lrbesartan and Hydrochlorothiazide tablets in the U.S. due to the presence of an impurity called N-nitrosolrbesartan. Some tested API batches were above the specification limit for the impurity, the company said. Lupin discontinued the marketing of these tablets in January 2021.
💫Dr. Reddy’s Laboratories: Exelixis Inc has in-licensed second anti-cancer compound from Aurigene Discovery following U.S. FDA acceptance of lnvestigational New Drug application for phase 1 clinical trial in Non-Hodgkin's Lymphoma. Further the company has launched Carmustine for Injection, USP, a therapeutic equivalent generic version of BiCNU® approved by the FDA.
💫Dixon Technologies (India): Dixon Electro Appliances, a subsidiary of the company, has received approval from the government under PLI scheme for manufacturing of telecom and networking products in India. “With this, Dixon will be venturing into a new segment of telecom devices and we expect to begin production mainly for routers, modems and GPONs,” Vice Chairman and MD, Atul Lall said.
💫NBCC India: The company secured the total business of Rs 2,100.96 crore in September.
💫PNB Housing Finance: The board has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings. The share subscription agreements executed with the proposed allottees have been terminated. Carlyle’s Pluto Investments S.a.r.l will be initiating the process to withdraw the open offer for PNB Housing shares made at Rs 403.22 each. India top court to hear plea on PNB Housing-Carlyle deal.
💫Axis Bank: The RBI has approved the reappointment of Amitabh Chaudhry as MD and CEO of the bank from January 1, 2022, till December 31, 2024.
💫lnduslnd Bank: Board to meet on October 21 to consider proposal for raising of funds in Indian or foreign currency through the issuance of unsecured, non-convertible, redeemable, Basel III-Compliant Regulatory Tier II Bonds.
💫Shilpa Medicare: To raise up to Rs 297.51 crore via share allotment. The company approved the preferential allotment of 52.75 lakh shares to various marquee investors at a price of Rs 564 per share.
💫BASF India: The Karnataka Appellate Tribunal has granted stay on recovery of tax demand aggregating to Rs 40.65 crore pertaining to the tax period 2016-2017. The company had received demand notices from the Commercial Tax Department, Karnataka aggregating to Rs 744.67 crore for the tax periods 2006-2007 to 2016-2017.
💫Macrotech Developers: Board to meet on October 21 to consider proposal to raise funds. Further the company is in talks to sell 4 lakh sq ft office building in Mumbai, according to PTI.
💫Vivimed Labs: Ramesh Krishnamurthy has resigned as the CEO and CFO of the company effective from October 15.
💫Equitas Small Finance Bank: Board to consider options for minimum public holding.
💫Earnings: Ultratech Cement, L&T Infotech, Hatsun Agro Product, Route Mobile, Craftsman Automation, Alok Industries, Tata Coffee
Pledge Share Details
💥Ajanta Pharma: Promoter Aayush Agrawal revoked pledge of 1.50 lakh shares on October 12.
💥Future Consumer: Promoter Future Capital Investment invoked pledge of 10 lakh shares on October 11.
💥Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 1.42 lakh shares on October 13.
Trading Tweaks
⭐Ex-Date EGM: Omaxe
⭐Ex-Date AGM: AGC Networks
☀️ *Share K Saudagars' Exclusive Morning Market News & Update*☀️
💫Coal India: The company has temporarily stopped supplies to industrial users as the energy crisis in India escalates. The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk. But it could worsen the situation for other industries such as aluminium smelters, cement producers and steel mills.
💫Lupin: Lupin Pharmaceuticals Inc. has voluntarily recalled lrbesartan tablets and lrbesartan and Hydrochlorothiazide tablets in the U.S. due to the presence of an impurity called N-nitrosolrbesartan. Some tested API batches were above the specification limit for the impurity, the company said. Lupin discontinued the marketing of these tablets in January 2021.
💫Dr. Reddy’s Laboratories: Exelixis Inc has in-licensed second anti-cancer compound from Aurigene Discovery following U.S. FDA acceptance of lnvestigational New Drug application for phase 1 clinical trial in Non-Hodgkin's Lymphoma. Further the company has launched Carmustine for Injection, USP, a therapeutic equivalent generic version of BiCNU® approved by the FDA.
💫Dixon Technologies (India): Dixon Electro Appliances, a subsidiary of the company, has received approval from the government under PLI scheme for manufacturing of telecom and networking products in India. “With this, Dixon will be venturing into a new segment of telecom devices and we expect to begin production mainly for routers, modems and GPONs,” Vice Chairman and MD, Atul Lall said.
💫NBCC India: The company secured the total business of Rs 2,100.96 crore in September.
💫PNB Housing Finance: The board has decided not to proceed with a preferential issue of shares to investors led by Carlyle after the plan was delayed due to pending legal proceedings. The share subscription agreements executed with the proposed allottees have been terminated. Carlyle’s Pluto Investments S.a.r.l will be initiating the process to withdraw the open offer for PNB Housing shares made at Rs 403.22 each. India top court to hear plea on PNB Housing-Carlyle deal.
💫Axis Bank: The RBI has approved the reappointment of Amitabh Chaudhry as MD and CEO of the bank from January 1, 2022, till December 31, 2024.
💫lnduslnd Bank: Board to meet on October 21 to consider proposal for raising of funds in Indian or foreign currency through the issuance of unsecured, non-convertible, redeemable, Basel III-Compliant Regulatory Tier II Bonds.
💫Shilpa Medicare: To raise up to Rs 297.51 crore via share allotment. The company approved the preferential allotment of 52.75 lakh shares to various marquee investors at a price of Rs 564 per share.
💫BASF India: The Karnataka Appellate Tribunal has granted stay on recovery of tax demand aggregating to Rs 40.65 crore pertaining to the tax period 2016-2017. The company had received demand notices from the Commercial Tax Department, Karnataka aggregating to Rs 744.67 crore for the tax periods 2006-2007 to 2016-2017.
💫Macrotech Developers: Board to meet on October 21 to consider proposal to raise funds. Further the company is in talks to sell 4 lakh sq ft office building in Mumbai, according to PTI.
💫Vivimed Labs: Ramesh Krishnamurthy has resigned as the CEO and CFO of the company effective from October 15.
💫Equitas Small Finance Bank: Board to consider options for minimum public holding.
💫Earnings: Ultratech Cement, L&T Infotech, Hatsun Agro Product, Route Mobile, Craftsman Automation, Alok Industries, Tata Coffee
Pledge Share Details
💥Ajanta Pharma: Promoter Aayush Agrawal revoked pledge of 1.50 lakh shares on October 12.
💥Future Consumer: Promoter Future Capital Investment invoked pledge of 10 lakh shares on October 11.
💥Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 1.42 lakh shares on October 13.
Trading Tweaks
⭐Ex-Date EGM: Omaxe
⭐Ex-Date AGM: AGC Networks
⭐Price Band Revised From 5% To 10%: Adani Power, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, Jaiprakash Associates
⭐Price Band Revised 5% To 20%: eClerx Services, Paras Defence and Space Technologies, Sarda Energy & Minerals
⭐Move Into Short-Term ASM Framework: Tata Motors, Jaiprakash Power Ventures, Sona BLW Precision Forgings, Tata Teleservices (Maharashtra), PTC India, Genesys International Corporation
⭐Move Out Of Short-Term ASM Framework: Bodal Chemicals, Triveni Turbine
⭐Move Into ASM Framework: Sarda Energy & Minerals, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, eClerx Services, Adani Power, Jaiprakash Associates
⭐Move Out Of ASM Framework: CG Power and Industrial Solutions, Reliance Infrastructure, Dynamatic Technologies, Easy Trip Planners, Seamec, IIFL Securities
Money Market Update
🍁The rupee ended at 75.25 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 75.37.
⭐Price Band Revised 5% To 20%: eClerx Services, Paras Defence and Space Technologies, Sarda Energy & Minerals
⭐Move Into Short-Term ASM Framework: Tata Motors, Jaiprakash Power Ventures, Sona BLW Precision Forgings, Tata Teleservices (Maharashtra), PTC India, Genesys International Corporation
⭐Move Out Of Short-Term ASM Framework: Bodal Chemicals, Triveni Turbine
⭐Move Into ASM Framework: Sarda Energy & Minerals, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, eClerx Services, Adani Power, Jaiprakash Associates
⭐Move Out Of ASM Framework: CG Power and Industrial Solutions, Reliance Infrastructure, Dynamatic Technologies, Easy Trip Planners, Seamec, IIFL Securities
Money Market Update
🍁The rupee ended at 75.25 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 75.37.
Mumbai records zero death for first time since beginning of COVID-19 pandemic in March 2020
https://www.moneycontrol.com/news/india/mumbai-records-zero-death-for-first-time-since-beginning-of-covid-19-pandemic-in-march-2020-7591301.html
https://www.moneycontrol.com/news/india/mumbai-records-zero-death-for-first-time-since-beginning-of-covid-19-pandemic-in-march-2020-7591301.html
Moneycontrol
Mumbai Records Zero Death For First Time Since Beginning Of COVID-19 Pandemic In March 2020
As many as 518 COVID-19 patients recovered and were discharged, taking the recovery count to 7,27,084. Now, there are 5030 active cases in the city. Mumbai's overall recovery rate has increased to 97 percent.