STAR HEALTH and Allied Insurance Company Limited IPO
schedule and price band status "CONFIRM"
OPEN:30-Nov 2021
CLOSE: 2-Dec 2021
FV : ₹10.00
Price : ₹870/- - ₹900/-
Market Lot : 16 Shares
App Amt : ₹14400.00
Size : ₹7249.18 Cr
Retail : 10%
Retail Form : 4,96,494
EMP : ₹100 Cr
QIB : 75%
NII : 15%
Listing At : BSE, NSE
Registrar : KFintech
Allotment : 8-December-2021
Listing : 10-December-2021
schedule and price band status "CONFIRM"
OPEN:30-Nov 2021
CLOSE: 2-Dec 2021
FV : ₹10.00
Price : ₹870/- - ₹900/-
Market Lot : 16 Shares
App Amt : ₹14400.00
Size : ₹7249.18 Cr
Retail : 10%
Retail Form : 4,96,494
EMP : ₹100 Cr
QIB : 75%
NII : 15%
Listing At : BSE, NSE
Registrar : KFintech
Allotment : 8-December-2021
Listing : 10-December-2021
*ABM Morning Update*
*BATTERED STOCK BULLS GET LIFELINE FROM SEBI DEFERMENT OF 50:50 F&O MARGIN RULES BY 3M; RULE NOW EFFECTIVE 28TH FEB 2022*
*Global markets :*
Nasdaq fell for the second consecutive day as higher interest rates appeared to put pressure on high-flying tech stocks, but shares of banks and industrial names moved higher in a split market on Tuesday. Nasdaq fell 0.50% while the S&P 500 ticked up 0.17%. Dow Jones rose 194.55 pts on the strength of bank and energy stocks. The decline in tech and other growth stocks comes as Treasury yields have jumped following President Joe Biden's decision to select Fed Chair Jerome Powell for a second term on Monday. Higher rates are often seen as a key negative for high-growth companies.
Social media giant Meta, the parent company of Facebook, fell 1.1%, while Roku and biotech stock Moderna dropped more than 2%. Shares of Zoom Video Communications tumbled 14.7% a day after it beat earnings estimates but warned of a slowdown ahead as the Covid pandemic winds down and the demand for remote contact decreases. On the other hand, bank stocks rose along with rates, with shares of JPMorgan adding nearly 2.4%
*Domestic markets :*
Local markets showcased strong reversal after its 4D losing streak with modest gains on the back of pull-back in select index heavyweights following the recent sell-off. Nifty ended 86 points higher. The broader markets out-performed in trade as Midcap index advanced 1.6%, while Smallcap added 1.8%. The breadth too was extremely bullish, with nearly 3 advancing shares versus every declining stock. Among sectors, the BSE Metal and Power indices soared over 3% each. The Realty, Telecom and Capital Goods indices were up around 2% each. Bharti Airtel and Tata Steel jumped ~2% each. On the flip side, IndusInd Bank and Asian Paints dropped ~2.5% each. In IPO space, Latent View Analytics had a good listing. The stock scaled a high of Rs 549 - up almost 179% when compared to its issue price of Rs 197/share. The stock finally ended with a 148% premium at Rs 488.
In a relief to market, esp the mid & small cap space, SEBI has postponed the implementation of F&O margin norms which will come into force with effect from February 28, 2022 instead of December 01, 2021. To trade in F&O segment, the earlier margin rules allowed investors to fully utilise their margins in securities. But, under the new rules, investors will need to have 50% cash as margins.
As per media reports, India plans to release ~5 mn barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices. Separately, the government will introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the Winter Session of Parliament, which is slated to begin on November 29, 2021.
Union Minister Nitin Gadkari stated government is considering a proposal to provide more tax-related concessions on vehicles that are purchased after scrapping old vehicles under the recently launched National Automobile Scrappage Policy. The Ministry expects sales to grow 10-12% due to scrappage policy.
*Foreign brokerage views –* i) BlackRock Inc. is trimming its investments in Indian equities and becoming more optimistic on China on attractive valuations amid expectations that policy hurdles will ease next year. ii) Goldman Sachs sees India growing at 9.1% in CY22 from 8% in the current year. The brokerage stated India is witnessing a strong economic rebound with almost all the high frequency indicators in green and looking up.
*Quote for the day: “I anticipate OPEC+ energy ministers will maintain their current plan of adding more supplies to the market gradually. However, certain unforeseen external factors such as a release of strategic reserves or new lock-downs in Europe may prompt a reassessment of market conditions” - Joseph McMonigle, Secretary-General of the Riyadh-based IEF.*
*Focus for the day:*
1. Resullt: Siemens
2. US Q3 GDP
*BATTERED STOCK BULLS GET LIFELINE FROM SEBI DEFERMENT OF 50:50 F&O MARGIN RULES BY 3M; RULE NOW EFFECTIVE 28TH FEB 2022*
*Global markets :*
Nasdaq fell for the second consecutive day as higher interest rates appeared to put pressure on high-flying tech stocks, but shares of banks and industrial names moved higher in a split market on Tuesday. Nasdaq fell 0.50% while the S&P 500 ticked up 0.17%. Dow Jones rose 194.55 pts on the strength of bank and energy stocks. The decline in tech and other growth stocks comes as Treasury yields have jumped following President Joe Biden's decision to select Fed Chair Jerome Powell for a second term on Monday. Higher rates are often seen as a key negative for high-growth companies.
Social media giant Meta, the parent company of Facebook, fell 1.1%, while Roku and biotech stock Moderna dropped more than 2%. Shares of Zoom Video Communications tumbled 14.7% a day after it beat earnings estimates but warned of a slowdown ahead as the Covid pandemic winds down and the demand for remote contact decreases. On the other hand, bank stocks rose along with rates, with shares of JPMorgan adding nearly 2.4%
*Domestic markets :*
Local markets showcased strong reversal after its 4D losing streak with modest gains on the back of pull-back in select index heavyweights following the recent sell-off. Nifty ended 86 points higher. The broader markets out-performed in trade as Midcap index advanced 1.6%, while Smallcap added 1.8%. The breadth too was extremely bullish, with nearly 3 advancing shares versus every declining stock. Among sectors, the BSE Metal and Power indices soared over 3% each. The Realty, Telecom and Capital Goods indices were up around 2% each. Bharti Airtel and Tata Steel jumped ~2% each. On the flip side, IndusInd Bank and Asian Paints dropped ~2.5% each. In IPO space, Latent View Analytics had a good listing. The stock scaled a high of Rs 549 - up almost 179% when compared to its issue price of Rs 197/share. The stock finally ended with a 148% premium at Rs 488.
In a relief to market, esp the mid & small cap space, SEBI has postponed the implementation of F&O margin norms which will come into force with effect from February 28, 2022 instead of December 01, 2021. To trade in F&O segment, the earlier margin rules allowed investors to fully utilise their margins in securities. But, under the new rules, investors will need to have 50% cash as margins.
As per media reports, India plans to release ~5 mn barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices. Separately, the government will introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the Winter Session of Parliament, which is slated to begin on November 29, 2021.
Union Minister Nitin Gadkari stated government is considering a proposal to provide more tax-related concessions on vehicles that are purchased after scrapping old vehicles under the recently launched National Automobile Scrappage Policy. The Ministry expects sales to grow 10-12% due to scrappage policy.
*Foreign brokerage views –* i) BlackRock Inc. is trimming its investments in Indian equities and becoming more optimistic on China on attractive valuations amid expectations that policy hurdles will ease next year. ii) Goldman Sachs sees India growing at 9.1% in CY22 from 8% in the current year. The brokerage stated India is witnessing a strong economic rebound with almost all the high frequency indicators in green and looking up.
*Quote for the day: “I anticipate OPEC+ energy ministers will maintain their current plan of adding more supplies to the market gradually. However, certain unforeseen external factors such as a release of strategic reserves or new lock-downs in Europe may prompt a reassessment of market conditions” - Joseph McMonigle, Secretary-General of the Riyadh-based IEF.*
*Focus for the day:*
1. Resullt: Siemens
2. US Q3 GDP
*Key corporate developments/policy actions:*
1. Mindspace Business Parks REIT, which runs office complexes across four big Indian cities, expects rentals to rise on tighter supply of new high quality office assets.
2. ITC has forayed into the Indian breakfast segment with a ready-to-cook and ready-to-mix range including rawa, suji & vermicelli, and plans to extend the brand into the adjacent categories of dalia, poha & multi-millet cereals.
3. Maruti and Toyota Tsusho Group have jointly started a vehicle scrapping facility in Noida ystrdy with an aim to promote organized, transparent and environment friendly dismantling of end-of-life vehicles (ELVs).
4. Moody’s has revised Bharti Airtel’s outlook to positive from stable
5. Berger Paints raises prices by 4-5% from early December to manage rising cost of RM and energy.
6. Parle eyes second round of price hikes of 10-20% in Q3, Q4. It had already taken a 10-15% price hike in Q2.
7. Tea Association of India has expressed concern over decline in prices and drop in production, cautioning that the industry could be heading towards a crisis.
*Fund Flow:*
FII: (-) Rs 44.77 bn; DII : (+) Rs 14.12 bn
*Stocks to focus :*
Large Cap: Apollo Hospital, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, Jubilant Foodworks, L&T, Maruti, Tata Steel
Midcap: Aavas Fin, Amber Ent, Apollo Tyres, Gmm Pfaudler, Poly Medicure, Sumitomo, Vaibhav Global, Varun Beverages
1. Mindspace Business Parks REIT, which runs office complexes across four big Indian cities, expects rentals to rise on tighter supply of new high quality office assets.
2. ITC has forayed into the Indian breakfast segment with a ready-to-cook and ready-to-mix range including rawa, suji & vermicelli, and plans to extend the brand into the adjacent categories of dalia, poha & multi-millet cereals.
3. Maruti and Toyota Tsusho Group have jointly started a vehicle scrapping facility in Noida ystrdy with an aim to promote organized, transparent and environment friendly dismantling of end-of-life vehicles (ELVs).
4. Moody’s has revised Bharti Airtel’s outlook to positive from stable
5. Berger Paints raises prices by 4-5% from early December to manage rising cost of RM and energy.
6. Parle eyes second round of price hikes of 10-20% in Q3, Q4. It had already taken a 10-15% price hike in Q2.
7. Tea Association of India has expressed concern over decline in prices and drop in production, cautioning that the industry could be heading towards a crisis.
*Fund Flow:*
FII: (-) Rs 44.77 bn; DII : (+) Rs 14.12 bn
*Stocks to focus :*
Large Cap: Apollo Hospital, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, Jubilant Foodworks, L&T, Maruti, Tata Steel
Midcap: Aavas Fin, Amber Ent, Apollo Tyres, Gmm Pfaudler, Poly Medicure, Sumitomo, Vaibhav Global, Varun Beverages
🌟 *Good Morning* 🐯🌟
☀️ *@shareksaudagars Exclusive Morning Market News & Update* ☀️
💫 *Bharti Airtel:* Moody's Investor Service has changed Bharti Airtel’s outlook to positive from stable. It affirmed Bharti Airtel’s long-term corporate family rating at Ba1. Positive outlook reflects Airtel’s improving operating performance and credit metrics, Moody’s said.
💫 *Zomato:* Zomato South Africa Proprietary (Pty), a step-down subsidiary of the company, has initiated the process of deregistration.
💫 *Poonawalla Fincorp:* Sanjay Chamria, Executive Vice Chairman of the company has stepped down from the board of directors of the company after serving as the co-founder since inception of the company.
💫 *Forbes & Company:* Shareholders approved the composite scheme of arrangement between Requisite Aquaignis Technologies, Euro Forbes Financial Services, Eureka Forbes, Forbes & Company and Forbes Enviro Solutions and their respective shareholders.
💫 *Ujjivan Small Finance Bank:* The RBI has approved the appointment of Banavar Prabhakar, Independent Director, as part-time Chairman of the bank for a period of 3 years w.e.f. November 23.
💫 *Srikalahasthi Pipes:* NCLT approved the Scheme of Amalgamation of the company with Electrosteel Castings with effect from the appointed date of October 1, 2020.
💫 *Future Enterprises:* The Brickwork Ratings India has downgraded the rating of company’s NCDs to D from C.
💫 *KDDL:* The company has increased its stake in Kamla Tesio Dials to 69.79% from 49.10%. The company has acquired 2.06 lakh shares of KTDL.
💫 *Balaji Amines:* Production in the DMF plant has started after carrying out all the rectifications. On October 6, the DMF plant was shutdown because of a minor incident.
*Pledge Share Details*
⭐ *Ajanta Pharma:* Promoter Ravi Agrawal revoked pledge of 1.75 lakh shares on November 22.As reported on November 23.
*Insider Trades*
💥 *Bajaj Holdings & Investment:* Promoter Bachhraj & Company bought 51,500 shares between November 18-22.
💥 *Mangalore Chemicals & Fertilizers:* Promoter Akshay Poddar bought 1 lakh shares on November 18.
💥 *Meghmani Finechem:* Promoter Kalpanaben Patel bought 11,750 shares on November 22.
*Who’s Meeting Whom*
🍁 *UltraTech Cement:* To meet Aditya Birla Sunlife Insurance and Point 72 Asset Management on November 24.
🍁 *ACC:* To meet Franklin Templeton on November 24.
🍁 *Nuvoco Vistas Corporation:* To meet BNP Paribas MF and Elara Securities on November 24.
🍁 *Gokaldas Exports:* To meet SBI MF on November 24.
🍁 *Blue Star:* To meet Hillfort Capital and IIFL Securities on November 25 and Capital Global on November 30.
🍁 *Crompton Greaves Consumer Electricals:* To meet Fidelity Management Research on November 25, White Oak Advisors on November 30 and Invesco Mutual Fund on December 1.
🍁 *Butterfly Gandhimathi Appliances:* To meet IDFC Mutual Fund on November 25.
🍁 *IIFL Finance:* To meet Phillip Capital on November 26.
*Trading Tweaks*
☀️Ex-Date Interim Dividend: National Aluminium Co., Power Finance Corporation, Amara Raja Batteries, Crisil, Gujarat Pipavav Port, Granules India, Gujarat Themis Biosyn, Hinduja Global Solutions, Manappuram Finance, Polyplex Corporation, Rashtriya Chemicals & Fertilizers, RITES
☀️Ex-Date Special Dividend: Gujarat Themis Biosyn, Morganite Crucible (India)
☀️Record Date Interim Dividend: Computer Age Management Services, Natco Pharma, Cochin Shipyard, Hindustan Aeronautics, Likhitha Infrastructure, Oil India
☀️Move Into Short-Term ASM Framework: Fino Payments Bank
☀️Move Into ASM Framework: JBM Auto
*Money Market Update*
💫The rupee ended at 74.42 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.40.
Asian stocks were steady Wednesday and Treasury yields held a climb as traders weighed the prospect of tighter monetary policy to curb inflation.
Shares fell in Japan and fluctuated in South Korea and Australia. U.S. futures wavered after energy and financials helped the S&P 500 eke out a gain, while the Nasdaq 100 extended a drop.
☀️ *@shareksaudagars Exclusive Morning Market News & Update* ☀️
💫 *Bharti Airtel:* Moody's Investor Service has changed Bharti Airtel’s outlook to positive from stable. It affirmed Bharti Airtel’s long-term corporate family rating at Ba1. Positive outlook reflects Airtel’s improving operating performance and credit metrics, Moody’s said.
💫 *Zomato:* Zomato South Africa Proprietary (Pty), a step-down subsidiary of the company, has initiated the process of deregistration.
💫 *Poonawalla Fincorp:* Sanjay Chamria, Executive Vice Chairman of the company has stepped down from the board of directors of the company after serving as the co-founder since inception of the company.
💫 *Forbes & Company:* Shareholders approved the composite scheme of arrangement between Requisite Aquaignis Technologies, Euro Forbes Financial Services, Eureka Forbes, Forbes & Company and Forbes Enviro Solutions and their respective shareholders.
💫 *Ujjivan Small Finance Bank:* The RBI has approved the appointment of Banavar Prabhakar, Independent Director, as part-time Chairman of the bank for a period of 3 years w.e.f. November 23.
💫 *Srikalahasthi Pipes:* NCLT approved the Scheme of Amalgamation of the company with Electrosteel Castings with effect from the appointed date of October 1, 2020.
💫 *Future Enterprises:* The Brickwork Ratings India has downgraded the rating of company’s NCDs to D from C.
💫 *KDDL:* The company has increased its stake in Kamla Tesio Dials to 69.79% from 49.10%. The company has acquired 2.06 lakh shares of KTDL.
💫 *Balaji Amines:* Production in the DMF plant has started after carrying out all the rectifications. On October 6, the DMF plant was shutdown because of a minor incident.
*Pledge Share Details*
⭐ *Ajanta Pharma:* Promoter Ravi Agrawal revoked pledge of 1.75 lakh shares on November 22.As reported on November 23.
*Insider Trades*
💥 *Bajaj Holdings & Investment:* Promoter Bachhraj & Company bought 51,500 shares between November 18-22.
💥 *Mangalore Chemicals & Fertilizers:* Promoter Akshay Poddar bought 1 lakh shares on November 18.
💥 *Meghmani Finechem:* Promoter Kalpanaben Patel bought 11,750 shares on November 22.
*Who’s Meeting Whom*
🍁 *UltraTech Cement:* To meet Aditya Birla Sunlife Insurance and Point 72 Asset Management on November 24.
🍁 *ACC:* To meet Franklin Templeton on November 24.
🍁 *Nuvoco Vistas Corporation:* To meet BNP Paribas MF and Elara Securities on November 24.
🍁 *Gokaldas Exports:* To meet SBI MF on November 24.
🍁 *Blue Star:* To meet Hillfort Capital and IIFL Securities on November 25 and Capital Global on November 30.
🍁 *Crompton Greaves Consumer Electricals:* To meet Fidelity Management Research on November 25, White Oak Advisors on November 30 and Invesco Mutual Fund on December 1.
🍁 *Butterfly Gandhimathi Appliances:* To meet IDFC Mutual Fund on November 25.
🍁 *IIFL Finance:* To meet Phillip Capital on November 26.
*Trading Tweaks*
☀️Ex-Date Interim Dividend: National Aluminium Co., Power Finance Corporation, Amara Raja Batteries, Crisil, Gujarat Pipavav Port, Granules India, Gujarat Themis Biosyn, Hinduja Global Solutions, Manappuram Finance, Polyplex Corporation, Rashtriya Chemicals & Fertilizers, RITES
☀️Ex-Date Special Dividend: Gujarat Themis Biosyn, Morganite Crucible (India)
☀️Record Date Interim Dividend: Computer Age Management Services, Natco Pharma, Cochin Shipyard, Hindustan Aeronautics, Likhitha Infrastructure, Oil India
☀️Move Into Short-Term ASM Framework: Fino Payments Bank
☀️Move Into ASM Framework: JBM Auto
*Money Market Update*
💫The rupee ended at 74.42 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.40.
Asian stocks were steady Wednesday and Treasury yields held a climb as traders weighed the prospect of tighter monetary policy to curb inflation.
Shares fell in Japan and fluctuated in South Korea and Australia. U.S. futures wavered after energy and financials helped the S&P 500 eke out a gain, while the Nasdaq 100 extended a drop.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.33% to 17,566 as of 7:25 a.m.
The Treasury yield curve steepened overnight and the dollar ticked higher. Bond market inflation expectations have retreated from mid-November highs on bets the Federal Reserve will speed up the withdrawal of monetary stimulus.
Curbing inflation is now center-stage for policy makers, building up a test for markets as ultra-loose, pandemic-era monetary stimulus is scaled back. A deluge of U.S. data and the latest Fed minutes, all due Wednesday, will give investors a read on price pressures and the economic recovery.
Elsewhere, oil pared a rally sparked by a smaller-than-expected move from consumer nations to tap strategic reserves. Gold is being pressured by higher yields.
The Treasury yield curve steepened overnight and the dollar ticked higher. Bond market inflation expectations have retreated from mid-November highs on bets the Federal Reserve will speed up the withdrawal of monetary stimulus.
Curbing inflation is now center-stage for policy makers, building up a test for markets as ultra-loose, pandemic-era monetary stimulus is scaled back. A deluge of U.S. data and the latest Fed minutes, all due Wednesday, will give investors a read on price pressures and the economic recovery.
Elsewhere, oil pared a rally sparked by a smaller-than-expected move from consumer nations to tap strategic reserves. Gold is being pressured by higher yields.
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Our only aim is to make India Financially Literate. We are doing this service for free and don't have any monetary aim behind it.
https://t.me/BooksMakeIndiaRead
All Books Related to CFA shared today.
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Books - Make India Read
Our only aim is to make India Financially Literate. We are doing this service for free and don't have any monetary aim behind it.
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 124❤️❤️❤️
NEW 52WK HIGH
1926.71% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
NEW 52WK HIGH
1926.71% 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 125.55❤️❤️❤️
UC LOCKED 🔐🔐
NEW 52WK HIGH
1951.7% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)
UC LOCKED 🔐🔐
NEW 52WK HIGH
1951.7% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)