India's Q2 GDP likely to grow 8.1%, says SBI research report
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Business-Standard
India's Q2 GDP likely to grow 8.1%, says SBI research report
FY22 projection raised to 9.3-9.6% range
Global Financial Insights:
Foreign institutional investors (FIIs) have been in retreat mode across emerging markets (EMs). Over the past 12 months (since October 2020), they have withdrawn money from most EMs, including Taiwan, South Africa, Thailand, Malaysia, Philippines and South Korea, data shows. India, Indonesia and Brazil, however, have been an exception where the net FII flow has been still in the positive zone during this period
Over his first term, Jerome Powell became arguably the most dovish chairman in the Fed’s modern history. In his second term he may have to pivot, a strategy with risks to the economy, Mr. Powell and President Biden.
Total and Eni say they are ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war
President Biden is preparing to announce a release of oil from the Strategic Petroleum Reserve, in concert with several other countries as soon as Tuesday
New Zealand’s central bank is expected to raise interest rates for a second straight month and signal a more aggressive tightening cycle to contain inflation amid a labor shortage
Foreign institutional investors (FIIs) have been in retreat mode across emerging markets (EMs). Over the past 12 months (since October 2020), they have withdrawn money from most EMs, including Taiwan, South Africa, Thailand, Malaysia, Philippines and South Korea, data shows. India, Indonesia and Brazil, however, have been an exception where the net FII flow has been still in the positive zone during this period
Over his first term, Jerome Powell became arguably the most dovish chairman in the Fed’s modern history. In his second term he may have to pivot, a strategy with risks to the economy, Mr. Powell and President Biden.
Total and Eni say they are ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war
President Biden is preparing to announce a release of oil from the Strategic Petroleum Reserve, in concert with several other countries as soon as Tuesday
New Zealand’s central bank is expected to raise interest rates for a second straight month and signal a more aggressive tightening cycle to contain inflation amid a labor shortage
Analysts/Investors Meeting
Shoppers Stop: The company's officials will meet Antique Stock Broking on November 23.
Titan Company: The company's officials will meet Marcellus Investment Managers on November 23.
Max Healthcare Institute: The company's officials will meet Edmond de Rothschild Asset Management, DNCA Finance Ritz Paris, Amundi Asset Management, and Comgest S.A on November 23.
Nazara Technologies: The company's officials will meet Union MF, & Mirae MF on November 23.
Gokaldas Exports: The company's officials will meet Centrum PMS, Banvan Capital, Kitara Capital, Karma Capital, AUM Advisors, and Paladin Capital on November 23.
Accelya Solutions India: The company's officials will meet Motilal Oswal Mutual Fund on November 24.
Mangalam Organics: The company's officials will meet analysts and investors on November 24.
Himatsingka Seide: The company's officials will meet analysts and investors on November 24.
Elecon Engineering Company: The company's officials will meet investors on November 25, to discuss financial performance.
Sun Pharma: The company's officials will attend Credit Suisse Healthcare Day on November 25, and Ambit Capital Healthcare Conclave on November 29.
Shoppers Stop: The company's officials will meet Antique Stock Broking on November 23.
Titan Company: The company's officials will meet Marcellus Investment Managers on November 23.
Max Healthcare Institute: The company's officials will meet Edmond de Rothschild Asset Management, DNCA Finance Ritz Paris, Amundi Asset Management, and Comgest S.A on November 23.
Nazara Technologies: The company's officials will meet Union MF, & Mirae MF on November 23.
Gokaldas Exports: The company's officials will meet Centrum PMS, Banvan Capital, Kitara Capital, Karma Capital, AUM Advisors, and Paladin Capital on November 23.
Accelya Solutions India: The company's officials will meet Motilal Oswal Mutual Fund on November 24.
Mangalam Organics: The company's officials will meet analysts and investors on November 24.
Himatsingka Seide: The company's officials will meet analysts and investors on November 24.
Elecon Engineering Company: The company's officials will meet investors on November 25, to discuss financial performance.
Sun Pharma: The company's officials will attend Credit Suisse Healthcare Day on November 25, and Ambit Capital Healthcare Conclave on November 29.
U.S. Stocks Sink Into Close on Rout in Tech Shares: Markets Wrap
A final-hour selloff in tech shares sent U.S. stocks to a second straight loss, while Treasuries retreated following President Joe Biden’s nomination of Jerome Powell to head the Federal Reserve for a second term. The dollar climbed.
The S&P 500 turned lower in the final hour of trading, while the Nasdaq 100 dropped more than 1%. The broader index had spent all of the session higher before a sell-off in tech shares popular among hedge funds dragged it lower for the day. Peloton Interactive Inc. and Docusign Inc. slid at least 5.5%. Farfetch Ltd. and Snowflake Inc. drove a basket of software and internet companies that have yet to earn any money down more than 5%.
Read more: Hedge fund darlings sink
“I don’t know why the tape collapsed late but the market has rallied so much, so quickly, a retracement has to happen at some point. This could be the start,” said Mike Zigmont, head of trading and research at Harvest Volatility Management.
The Powell nomination had dominated market sentiment for much of the day before the big about-face in equities. The yield on two-year bonds jumped toward 0.6%. The U.S. swaps market is now pricing a full 25 basis point rate hike into the June Fed meeting, with a second increase seen for next November. The dollar climbed, while gold slumped more than 2% and oil gained.
Biden had been considering between Powell and Lael Brainard, who he nominated to move up to Vice Chair. The Powell choice comes amid growing concern the U.S. central bank may fall behind the curve in combating sticky inflation. Consumer-price growth is surging at the fastest pace in decades and expectations for price growth are at the highest since 2013.
“The whole point is it doesn’t change anything -- the same issues are on his plate now, which is are they going to be right that the pop in inflation is going to be transitory and if not, what do they do about it?” David Donabedian, chief investment officer of CIBC Private Wealth Management, said by phone. “The choice about Powell’s renomination is all about continuity.”
Read: Fed Bets Could Move Even More If Decision Lets Powell Cut Loose
Shares got a lift overnight from a flurry of potential deals. Vonage Holdings Corp. jumped more than 20% as Ericsson agreed to buy it. Telecom Italia SpA surged 30% in Europe after KKR & Co. bid for it.
“We’re kicking off a busier-than-you-may-think Thanksgiving week in rebound mode,” said Chris Larkin, managing director of trading at E*Trade Financial. “And while the short trading week historically is considered sleepier than others, keep in mind that over the past 15 years the U.S. stock market has tended to gain more ground the month after Thanksgiving than the month before it. So coupled with a busy economic calendar and more retail earnings, traders may have good reason to stay tuned in to the market this week.”
U.S. stocks are trading near record levels, outpacing the rest of the world, as investors see few alternatives amid rising inflation and a persistent pandemic that undermines global recovery. Concerns about high valuations and the potential for the economy to run too hot on the back of loose monetary and fiscal policies have interrupted, but not stopped the rally.
Oil kept gains on speculation that OPEC and its allies may adjust plans to raise production if the U.S. releases crude reserves in coordination with other nations. Delegates said that even the modest output increase they have penciled in may now be re-evaluated when the group meets next week.
Read: U.S. Poised to Release Oil From Reserve Along With Other Nations
For more market analysis, read our MLIV blog.
Here are some key events this week:
Eurozone, U.S. PMI data Tuesday
Reserve Bank of New Zealand rate decision Wednesday
A final-hour selloff in tech shares sent U.S. stocks to a second straight loss, while Treasuries retreated following President Joe Biden’s nomination of Jerome Powell to head the Federal Reserve for a second term. The dollar climbed.
The S&P 500 turned lower in the final hour of trading, while the Nasdaq 100 dropped more than 1%. The broader index had spent all of the session higher before a sell-off in tech shares popular among hedge funds dragged it lower for the day. Peloton Interactive Inc. and Docusign Inc. slid at least 5.5%. Farfetch Ltd. and Snowflake Inc. drove a basket of software and internet companies that have yet to earn any money down more than 5%.
Read more: Hedge fund darlings sink
“I don’t know why the tape collapsed late but the market has rallied so much, so quickly, a retracement has to happen at some point. This could be the start,” said Mike Zigmont, head of trading and research at Harvest Volatility Management.
The Powell nomination had dominated market sentiment for much of the day before the big about-face in equities. The yield on two-year bonds jumped toward 0.6%. The U.S. swaps market is now pricing a full 25 basis point rate hike into the June Fed meeting, with a second increase seen for next November. The dollar climbed, while gold slumped more than 2% and oil gained.
Biden had been considering between Powell and Lael Brainard, who he nominated to move up to Vice Chair. The Powell choice comes amid growing concern the U.S. central bank may fall behind the curve in combating sticky inflation. Consumer-price growth is surging at the fastest pace in decades and expectations for price growth are at the highest since 2013.
“The whole point is it doesn’t change anything -- the same issues are on his plate now, which is are they going to be right that the pop in inflation is going to be transitory and if not, what do they do about it?” David Donabedian, chief investment officer of CIBC Private Wealth Management, said by phone. “The choice about Powell’s renomination is all about continuity.”
Read: Fed Bets Could Move Even More If Decision Lets Powell Cut Loose
Shares got a lift overnight from a flurry of potential deals. Vonage Holdings Corp. jumped more than 20% as Ericsson agreed to buy it. Telecom Italia SpA surged 30% in Europe after KKR & Co. bid for it.
“We’re kicking off a busier-than-you-may-think Thanksgiving week in rebound mode,” said Chris Larkin, managing director of trading at E*Trade Financial. “And while the short trading week historically is considered sleepier than others, keep in mind that over the past 15 years the U.S. stock market has tended to gain more ground the month after Thanksgiving than the month before it. So coupled with a busy economic calendar and more retail earnings, traders may have good reason to stay tuned in to the market this week.”
U.S. stocks are trading near record levels, outpacing the rest of the world, as investors see few alternatives amid rising inflation and a persistent pandemic that undermines global recovery. Concerns about high valuations and the potential for the economy to run too hot on the back of loose monetary and fiscal policies have interrupted, but not stopped the rally.
Oil kept gains on speculation that OPEC and its allies may adjust plans to raise production if the U.S. releases crude reserves in coordination with other nations. Delegates said that even the modest output increase they have penciled in may now be re-evaluated when the group meets next week.
Read: U.S. Poised to Release Oil From Reserve Along With Other Nations
For more market analysis, read our MLIV blog.
Here are some key events this week:
Eurozone, U.S. PMI data Tuesday
Reserve Bank of New Zealand rate decision Wednesday
RIL Aramco O2C deal being re-evaluated. under following 3 aspects.
1. *Reliance is expected to generate Rs 2.5 lakh crore in EBITDA in the next two years*, which would be sufficient to undertake future investments and manage their O2C business balance sheet including for expansion into speciality chemicals and also for reducing debt further.
2. The move will benefit RIL, as *it will not have a holding company discount* as envisaged earlier because of creation of O2C subsidiary. O2C subsidiary creation is being withdrawn by RIL.
3. *New Energy business*: Reliance is moving ahead on a much larger scale in the new material business and that is probably asking them to look at the tie-up differently and not confining to just O2C business with Aramco.
If you look at the Aramco’s point of view what they are thinking is this oil business it not the future. Their future is also in the new material business. *Aramco has already announce their intention of becoming the largest supplier of green hydrogen fuels* in future.
*Fundamentally company remains well placed*. Low market sentiments due to reevaluation of Aramco deal should be used as an *opportunity to buy a fresh at lower levels*.
Deven R Choksey
22.11.21 ( 9 am )
1. *Reliance is expected to generate Rs 2.5 lakh crore in EBITDA in the next two years*, which would be sufficient to undertake future investments and manage their O2C business balance sheet including for expansion into speciality chemicals and also for reducing debt further.
2. The move will benefit RIL, as *it will not have a holding company discount* as envisaged earlier because of creation of O2C subsidiary. O2C subsidiary creation is being withdrawn by RIL.
3. *New Energy business*: Reliance is moving ahead on a much larger scale in the new material business and that is probably asking them to look at the tie-up differently and not confining to just O2C business with Aramco.
If you look at the Aramco’s point of view what they are thinking is this oil business it not the future. Their future is also in the new material business. *Aramco has already announce their intention of becoming the largest supplier of green hydrogen fuels* in future.
*Fundamentally company remains well placed*. Low market sentiments due to reevaluation of Aramco deal should be used as an *opportunity to buy a fresh at lower levels*.
Deven R Choksey
22.11.21 ( 9 am )
*OPENING BELL*
💫Spandana Sphoorty Financial: Board has appointed Shalabh Saxena as the MD and CEO for a period of 5 years and Ashish Damani as the CFO. Abanti Mitra, independent director, has been appointed as non-executive chairperson.
💫Indian Energy Exchange: To resume trading of Renewable Energy Certificates from November 24, after a gap of almost 16 months. The last REC trade session took place in June 2020.
💫Triveni Engineering & Industries: The company has signed a 10-year business agreement with GEAE Technology USA to locally manufacture the LM2500 gas turbine base and enclosure.
💫Zee Entertainment Enterprises: NCLT Mumbai bench and Delhi bench have sanctioned the scheme of amalgamation of India Webportal, Zee Digital Convergence and Zee Network Distribution with Zee Studios.
💫Zen Technologies: The company has signed an export contract worth Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment (Rs 19.7 crore) and O&M (Rs 15.4 crore) for 4 years. The equipment order is expected to be executed in the next 3 quarters.
💫Kirloskar Ferrous Industries: Board to consider fund raising options on November 25.
💫Quess Corp: The company has raised stake in Stellarslog Technovation to 49%.
💫Union Bank: Allotted Basel III Compliant Additional Tier- 1 bonds in debentures eligible for inclusion in Tier 1 Capital Series XXXII aggregating to Rs 2,000 crore.
💫Spandana Sphoorty Financial: Board has appointed Shalabh Saxena as the MD and CEO for a period of 5 years and Ashish Damani as the CFO. Abanti Mitra, independent director, has been appointed as non-executive chairperson.
💫Indian Energy Exchange: To resume trading of Renewable Energy Certificates from November 24, after a gap of almost 16 months. The last REC trade session took place in June 2020.
💫Triveni Engineering & Industries: The company has signed a 10-year business agreement with GEAE Technology USA to locally manufacture the LM2500 gas turbine base and enclosure.
💫Zee Entertainment Enterprises: NCLT Mumbai bench and Delhi bench have sanctioned the scheme of amalgamation of India Webportal, Zee Digital Convergence and Zee Network Distribution with Zee Studios.
💫Zen Technologies: The company has signed an export contract worth Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment (Rs 19.7 crore) and O&M (Rs 15.4 crore) for 4 years. The equipment order is expected to be executed in the next 3 quarters.
💫Kirloskar Ferrous Industries: Board to consider fund raising options on November 25.
💫Quess Corp: The company has raised stake in Stellarslog Technovation to 49%.
💫Union Bank: Allotted Basel III Compliant Additional Tier- 1 bonds in debentures eligible for inclusion in Tier 1 Capital Series XXXII aggregating to Rs 2,000 crore.
Forthcoming Event
22nd November – TIGERLOGS to consider Dividend
23rd November – Polo Queen Industrial to consider Stock Split; Narbada Gems to consider Fund Raising
24th November – SIEMENS to consider Dividend; Seacoast Shipping Services to consider Stock Split
25th November – Visagar Financial to consider Bonus issue; Aarey Drugs to consider Fund Raising; Shivam Autotech to consider Rights Issue
26th November – Zodiac Ventures to consider Fund Raising
27th November – Axita Cotton to consider Bonus issue; Mittal Life Style to consider Fund Raising
29th November – Sagar Productions to consider Scheme of Arrangement
07th December – One Point One Solutions to consider Bonus & Stock Split
08th December – JBM Auto to consider Stock Split
22nd November – TIGERLOGS to consider Dividend
23rd November – Polo Queen Industrial to consider Stock Split; Narbada Gems to consider Fund Raising
24th November – SIEMENS to consider Dividend; Seacoast Shipping Services to consider Stock Split
25th November – Visagar Financial to consider Bonus issue; Aarey Drugs to consider Fund Raising; Shivam Autotech to consider Rights Issue
26th November – Zodiac Ventures to consider Fund Raising
27th November – Axita Cotton to consider Bonus issue; Mittal Life Style to consider Fund Raising
29th November – Sagar Productions to consider Scheme of Arrangement
07th December – One Point One Solutions to consider Bonus & Stock Split
08th December – JBM Auto to consider Stock Split
♦️ Bulk Deal & Insider Trade Update♦️
Bulk Deals
*Thangamayil Jewellery Ltd : Dsp Mutual Fund Buy 500001 Shares @ Rs. 1322.1
*Fino Payments Bank Ltd : Societe Generale Sell 462468 Shares @ Rs. 401.48
*Lykalabs : Ipca Laboratories Limited Buy 1050000 Shares @ Rs. 123
*Ajantsoy : Dolly Khanna Buy 140000 Shares @ Rs. 147.72
Insider Trade
Acquisition
*Sabu M. Jacob Promoter & Director Acquisition 102445 shares of Kitex Garments Ltd. on 22-Nov-21
*Munjal Mahendrabhai Patel Promoter & Director Acquisition 19000 shares of Lincoln Pharmaceuticals Ltd. on 22-Nov-21
*Rajesh Mittal Promoter Acquisition 0 shares of Greenply Industries Ltd. on 19-Nov-21
*NARESH GUJRAL Director Acquisition 1200 shares of Berger Paints India Ltd. on 22-Nov-21
*Promoter Group Acquisition 952500 shares of Ruchira Papers Ltd.
Disposal
*Shiv Prakash Mittal Promoter Group Disposal 0 shares of Greenply Industries Ltd. on 19-Nov-21
*Shobhan Mittal Promoter Group Disposal 0 shares of Greenply Industries Ltd. on 19-Nov-21
*P S Parthasarathy Promoter Disposal 5000 shares of Olectra Greentech Ltd on 17-Nov-21
Pledge
*Max Ventures Investment Holdings Private Limited Promoter Pledge 278000 shares of Max Financial Services Ltd
Dividend Update
*CAMS Interim Dividend Rs. 9.5 Ex Date 23-Nov-2021
*Cochin Shipyard Ltd. Interim Dividend Rs. 6 Ex Date 23-Nov-2021
*Hindustan Aeronautics Ltd. Interim Dividend Rs. 14 Ex Date 23-Nov-2021
*LIKHITHA Interim Dividend Rs. 1.5 Ex Date 23-Nov-2021
*Natco Pharma Ltd. Interim Dividend Rs. 0.5 Ex Date 23-Nov-2021
*Oil India Ltd. Interim Dividend Rs. 3.5 Ex Date 23-Nov-2021
*Rama Phosphates Ltd. Interim Dividend Rs. 1.2 Ex Date 23-Nov-2021
Bulk Deals
*Thangamayil Jewellery Ltd : Dsp Mutual Fund Buy 500001 Shares @ Rs. 1322.1
*Fino Payments Bank Ltd : Societe Generale Sell 462468 Shares @ Rs. 401.48
*Lykalabs : Ipca Laboratories Limited Buy 1050000 Shares @ Rs. 123
*Ajantsoy : Dolly Khanna Buy 140000 Shares @ Rs. 147.72
Insider Trade
Acquisition
*Sabu M. Jacob Promoter & Director Acquisition 102445 shares of Kitex Garments Ltd. on 22-Nov-21
*Munjal Mahendrabhai Patel Promoter & Director Acquisition 19000 shares of Lincoln Pharmaceuticals Ltd. on 22-Nov-21
*Rajesh Mittal Promoter Acquisition 0 shares of Greenply Industries Ltd. on 19-Nov-21
*NARESH GUJRAL Director Acquisition 1200 shares of Berger Paints India Ltd. on 22-Nov-21
*Promoter Group Acquisition 952500 shares of Ruchira Papers Ltd.
Disposal
*Shiv Prakash Mittal Promoter Group Disposal 0 shares of Greenply Industries Ltd. on 19-Nov-21
*Shobhan Mittal Promoter Group Disposal 0 shares of Greenply Industries Ltd. on 19-Nov-21
*P S Parthasarathy Promoter Disposal 5000 shares of Olectra Greentech Ltd on 17-Nov-21
Pledge
*Max Ventures Investment Holdings Private Limited Promoter Pledge 278000 shares of Max Financial Services Ltd
Dividend Update
*CAMS Interim Dividend Rs. 9.5 Ex Date 23-Nov-2021
*Cochin Shipyard Ltd. Interim Dividend Rs. 6 Ex Date 23-Nov-2021
*Hindustan Aeronautics Ltd. Interim Dividend Rs. 14 Ex Date 23-Nov-2021
*LIKHITHA Interim Dividend Rs. 1.5 Ex Date 23-Nov-2021
*Natco Pharma Ltd. Interim Dividend Rs. 0.5 Ex Date 23-Nov-2021
*Oil India Ltd. Interim Dividend Rs. 3.5 Ex Date 23-Nov-2021
*Rama Phosphates Ltd. Interim Dividend Rs. 1.2 Ex Date 23-Nov-2021
*Global Market Update*
SGX NIFTY: +12(17447) @7:20 am *Considering Monday’s closing of 17435
DOW: +17(+0.05%)
Nasdaq: -202(-1.26%)
DOW FUTURES: +32(+0.08%)
HANGSENG: -231(-0.93%)
SHANGHAI COMP: +12(+0.33%)
NIKKEI: +28(+0.09%)
GOLD COMEX(USD/toz): 1812.20(+0.17%)
SILVER COMEX (USD/toz): 24.34(-0.11%)
LME COPPER(USD/MT): 9726.50(+0.83%)
LME ZINC(USD/MT): 3348.50(+3.41%)
LME ALUMINIUM(USD/MT): 2689.50(+0.37%)
BRENT CRUDE(USD/bbl): 79.36(-0.43%)
WTI CRUDE OIL(USD/bbl): 76.24(-0.66%)
USDINR: 74.40(+0.22%)
DOLLAR INDEX: 96.45(-0.08%)
US 10YRS BOND YIELD: 1.62%
INDIA 10YRS BOND YIELD: 6.35%
FII: -3438
DII: +2051
FII F&O: +7253
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 5567
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 75024
NSE ADVANCE/ DECLINE: 350/1762 (0.19)
Securities in Ban Period: ESCORTS, IDEA
SGX NIFTY: +12(17447) @7:20 am *Considering Monday’s closing of 17435
DOW: +17(+0.05%)
Nasdaq: -202(-1.26%)
DOW FUTURES: +32(+0.08%)
HANGSENG: -231(-0.93%)
SHANGHAI COMP: +12(+0.33%)
NIKKEI: +28(+0.09%)
GOLD COMEX(USD/toz): 1812.20(+0.17%)
SILVER COMEX (USD/toz): 24.34(-0.11%)
LME COPPER(USD/MT): 9726.50(+0.83%)
LME ZINC(USD/MT): 3348.50(+3.41%)
LME ALUMINIUM(USD/MT): 2689.50(+0.37%)
BRENT CRUDE(USD/bbl): 79.36(-0.43%)
WTI CRUDE OIL(USD/bbl): 76.24(-0.66%)
USDINR: 74.40(+0.22%)
DOLLAR INDEX: 96.45(-0.08%)
US 10YRS BOND YIELD: 1.62%
INDIA 10YRS BOND YIELD: 6.35%
FII: -3438
DII: +2051
FII F&O: +7253
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 5567
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 75024
NSE ADVANCE/ DECLINE: 350/1762 (0.19)
Securities in Ban Period: ESCORTS, IDEA
⭕ Vedanta News ⭕
Vedanta Promoters looking to increase stake in Vedanta at Rs 350/share.
JPMorgan is acting as broker to Twin Star Holdings and Vedanta Netherlands Investment BV (purchaser) on the purchase of equity shares of #Vedanta.
Do Note : Vedanta Promoters have increased stake in co from 50.14% in Sep 2020 to 65.18% in Sep 2021 🚨
Deal Details for Vedanta Ltd block deal
Promoter looking to buy 17 cr shares or 4.57% stake in block deal
Offer price at Rs 350 per share , a 6.6% premium to today's closing price
Alert: Remember last time promoters bought block at Rs 160 per share and stock rallied sharply
♦️Why Vedanta promoters hiking stake👇
👀 Focus is to get a bigger chunk of Hindustan Zinc dividend
👉So post promoter increasing stake watch for a dividend payout by Hind Zinc which will be in turn passed on Vedanta shareholders💸
🚨Key reason servicing Vedanta resources debt🚨
Vedanta Promoters looking to increase stake in Vedanta at Rs 350/share.
JPMorgan is acting as broker to Twin Star Holdings and Vedanta Netherlands Investment BV (purchaser) on the purchase of equity shares of #Vedanta.
Do Note : Vedanta Promoters have increased stake in co from 50.14% in Sep 2020 to 65.18% in Sep 2021 🚨
Deal Details for Vedanta Ltd block deal
Promoter looking to buy 17 cr shares or 4.57% stake in block deal
Offer price at Rs 350 per share , a 6.6% premium to today's closing price
Alert: Remember last time promoters bought block at Rs 160 per share and stock rallied sharply
♦️Why Vedanta promoters hiking stake👇
👀 Focus is to get a bigger chunk of Hindustan Zinc dividend
👉So post promoter increasing stake watch for a dividend payout by Hind Zinc which will be in turn passed on Vedanta shareholders💸
🚨Key reason servicing Vedanta resources debt🚨
Greetings of the Day to all the dear members and my colleagues
In Markets every day we are witnessing good Upmove in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O at higher levels. There are concerns towards which side the market will show its move in future.
It's time now to Join Market Wizard Premium Group and also Renew your Membership to avail super gains.
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Please don't call admins... just send your message or queries
In Markets every day we are witnessing good Upmove in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O at higher levels. There are concerns towards which side the market will show its move in future.
It's time now to Join Market Wizard Premium Group and also Renew your Membership to avail super gains.
All the members and colleagues who want to continue to be a part of our Premium Family or want to become a part of our Premium Family can do so , by renewing their membership.We have started accepting payment for the month of June and it will be solely on FIRST COME FIRST SERVE BASIS.
All those who make payment between 14th to 23rd Novemver, will be added on Evening of 23rd Novembet, so that they can get benefit of 1 week extra calls as early bird.
Existing members you'll can renew your membership ASAP.
Monthly - 1,500
Quarterly - 4,000
Yearly - 15,000
New members and existing members who make payment and send screenshots after the month end, shall have to compulsorily opt for quarterly or yearly.Monthly membership option is available only if payment is made before month end along with screenshot sent to any of the admins.
Please don't call admins... just send your message or queries
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PLS NOTE : STRICTLY ONLY MESSAGES , NO CALLS ON THE GIVEN NUMBERS.
https://docs.google.com/forms/d/e/1FAIpQLSed5g8JiIGlttu3IUlkJwnCdEMzv-1Z_hr3ylfU55pepmCb6A/viewform?usp=sf_link
To avail the paid services of our group , everyone needs to do the following set of activities :
1) Everyone needs to fill in the Google Forms with the correct and accueate details.The form needs to be read carefully and then give upon your consent.
2)Pay us the fees of Rs.1500 each month either through Google Pay or Bank Transfers(details of payment are attached in the Google Form)
3) Upon completion of payment , take a screenshot of the acknowledgement and send it to us.It can be sent to the admin on the following numbers on the WhatsApp or Telegram :
Jimit Parekh Sir : +91 9821722433
Darpan Solanki Sir : +91 9924832776
Divesh Jain Sir: +91 9870736813
Along with the screenshot pls give us your NAME & Mobile Number to confirm with our Google Form Records.
PLS NOTE : STRICTLY ONLY MESSAGES , NO CALLS ON THE GIVEN NUMBERS.
https://docs.google.com/forms/d/e/1FAIpQLSed5g8JiIGlttu3IUlkJwnCdEMzv-1Z_hr3ylfU55pepmCb6A/viewform?usp=sf_link
Google Docs
MARKET WIZARD PREMIUM
🔴Rules & Disclaimers
📢PLS READ IT VERY CAREFULLY BEFORE AGREEING
1️⃣No phone calls or personal message to the admins.
2️⃣No chit-chat shall be entertained in the group.
3️⃣No sure shot on any views.
4️⃣Profit / loss not guaranteed.
5️⃣Those who want…
📢PLS READ IT VERY CAREFULLY BEFORE AGREEING
1️⃣No phone calls or personal message to the admins.
2️⃣No chit-chat shall be entertained in the group.
3️⃣No sure shot on any views.
4️⃣Profit / loss not guaranteed.
5️⃣Those who want…
Market Wizard
🎯MARKET WIZARD🎯 📊 NEWSLETTER ISSUE 12 UPDATE ▶️Nelcast Ltd added at 75.8 ▶️D B Corp Ltd added at 95.5 ▶️Reliance Industries Ltd added at 2102 ▶️ITC Industrial Ltd added at 215 ▶️BCG added at 8.4 ▶️Arvind Fashion Ltd added at 147.1 ▶️ BBTC Ltd - SPECIAL…
BCG 116❤️❤️❤️
NEW 52WK HIGH
1795.42% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
NEW 52WK HIGH
1795.42% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
Market Wizard
🎯MARKET WIZARD🎯 📊 NEWSLETTER ISSUE 12 UPDATE ▶️Nelcast Ltd added at 75.8 ▶️D B Corp Ltd added at 95.5 ▶️Reliance Industries Ltd added at 2102 ▶️ITC Industrial Ltd added at 215 ▶️BCG added at 8.4 ▶️Arvind Fashion Ltd added at 147.1 ▶️ BBTC Ltd - SPECIAL…
BCG 118.7❤️❤️❤️
NEW 52WK HIGH
1839.54% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
NEW 52WK HIGH
1839.54% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
Market Wizard
🎯MARKET WIZARD🎯 📊 NEWSLETTER ISSUE 12 UPDATE ▶️Nelcast Ltd added at 75.8 ▶️D B Corp Ltd added at 95.5 ▶️Reliance Industries Ltd added at 2102 ▶️ITC Industrial Ltd added at 215 ▶️BCG added at 8.4 ▶️Arvind Fashion Ltd added at 147.1 ▶️ BBTC Ltd - SPECIAL…
BCG 119.2❤️❤️❤️
NEW 52WK HIGH
1847.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
NEW 52WK HIGH
1847.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
Market Wizard
🎯MARKET WIZARD🎯 📊 NEWSLETTER ISSUE 12 UPDATE ▶️Nelcast Ltd added at 75.8 ▶️D B Corp Ltd added at 95.5 ▶️Reliance Industries Ltd added at 2102 ▶️ITC Industrial Ltd added at 215 ▶️BCG added at 8.4 ▶️Arvind Fashion Ltd added at 147.1 ▶️ BBTC Ltd - SPECIAL…
BCG 119.5❤️❤️❤️
NEW 52WK HIGH
1852.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
NEW 52WK HIGH
1852.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
Market Wizard
🎯MARKET WIZARD🎯 📊 NEWSLETTER ISSUE 12 UPDATE ▶️Nelcast Ltd added at 75.8 ▶️D B Corp Ltd added at 95.5 ▶️Reliance Industries Ltd added at 2102 ▶️ITC Industrial Ltd added at 215 ▶️BCG added at 8.4 ▶️Arvind Fashion Ltd added at 147.1 ▶️ BBTC Ltd - SPECIAL…
BCG 119.6❤️❤️❤️
UC LOCKED 🔒🔒🔒
NEW 52WK HIGH
1854.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
UC LOCKED 🔒🔒🔒
NEW 52WK HIGH
1854.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)