*India imposes 12% safeguard duty on some steel products imports for 200 days*

India has implemented a 12% safeguard duty on specific steel products to control excessive imports, as indicated by a government notification. This action follows a recommendation by the Directorate General of Trade Remedies, prompted by concerns that increased imports are negatively impacting India's domestic steel industry.

Positive for steel companies


The Reserve Bank of India has amended guidelines for banks related to haircuts on high quality liquid assets like govt bonds and run-off rates on some retail deposits with effect from April 1, in order to boost their liquidity coverage
RBI estimates that the net impact of these measures will improve the LCR of banks, at the aggregate level, by around 6 percentage points as on that date

Positive

*Coal India and DVC sign pact*
State-run Coal India Ltd and Damodar Valley Corporation have joined forces to establish a 1,600 MW ultra-supercritical thermal power plant in Jharkhand, with an investment of ₹16,500 crore. The project will expand the existing 500 MW Chandrapura Thermal Power Station. The two companies have signed a memorandum of understanding (MoU) to form a joint venture with equal shareholding.
Neutral

*International Gemmological Institute India Ltd – Q1CY25 concall Update*
*Outlook : Positive*
YoY volume saw increase of 26% to 3.12 mn certificate
Whereas revenue increased by 10% YoY
Company had taken One time price correction in LGD certification price in Q2CY24 thereafter prices are stable. This has resulted into lower sales growth vs volume growth
Going forward sales growth will track volume growth.
Company has guided for 15-20% revenue growth in CY25 and long term with maintaining margin in the range of 57-64%
Share is trading at 29x Q1CY25 annualised earning

The IndusInd Bank board has appointed EY to carry out a second forensic audit, specifically to investigate a ₹600 crore discrepancy related to the accrual of interest income in its microfinance portfolio, said two people with direct knowledge of the matter. The issue was flagged during the ongoing statutory audit for the last financial year,\
Negative

BULK TRADE IN RBLBK OF 3.37 CRORE SHARES @ 185.7 IN NSE
CMP 188.3 -2%

1-2 DAYS Technical Call book partial profits in BALRAMCHIN @ 580-582 Target 595, BUY call initiated 564.20(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).

1-2 DAYS Technical call Buy RAIN above 146.10 with SL 140 Target 158(ANALYST SWATI).   Visit our website for disclosure (Nirmal Bang).

1-2 Days Technical Call Book Partial Profits in UPL at 676-678, Target 692, Call initiated at 666.7(ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang).

1-2 Days Technical Call Book Partial Profits in ELECTCAST at 106.20-107, Target 109, Call initiated at 102.80. (ANALYST AMIT). Visit our website for disclosure. (Nirmal Bang). 

Intraday Derivatives Call Buy SENSEX 22APR 79500 PE above 110 with SL 50 Target 220 (ANALYST NIRAV) Visit our website for disclosure (Nirmal Bang) 

Intraday Derivatives Call Revise SL in SENSEX 22APR 79500 PE to 30 Visit our website for disclosure (Nirmal Bang)

1-2 DAYS Technical call Buy LICI above 822.7 with SL 810 Target 848 (ANALYST VIKAS).  Visit our website for disclosure. (Nirmal Bang)

Intraday Derivatives Call SENSEX 22APR 79500 PE SL triggered at 30 Visit our website for disclosure (Nirmal Bang)