🇮🇳Bharat Daybook Stocks in News
*Genesys International:* Company in pact with Survey of India for 3D mapping program in India. (Positive)
*Lux Industries:* Company to carry out businesses across four separate verticals:. (Positive)
*JSW Infra:* Elpro International acquires 2.4 lakh shares of JSW Infrastructure for Rs 5 crore (Positive)
*Welspun Corp:* Company gets Odisha government's nod for setting up manufacturing unit. (Positive)
*Sarvotech Power:* Company bags order for 2,649 EV chargers from BPCL (Positive)
*Honasa Consumer:* Profit up 94% at Rs 29 cr Vs Rs 15 cr, Revenue up 21% at Rs 496 cr Vs Rs 410 cr (YoY) (Positive)
*TVS Motor:* Company entered Vietnam, launches five two-wheelers (Positive)
*UPL:* Company incorporates wholly-owned subsidiary Avanta Seeds in South Africa (Positive)
*Mukta Arts:* Company has entered into an agreement with Saudi Arabia-based Al-Othaim Investment Company to establish and operate cinemas across the Kingdom of Saudi Arabia. (Positive)
*Shalby:* The company has executed the Agreement with The Santacruz Residents Association and BCJ for the construction of a new hospital building at Santacruz, Mumbai. (Positive)
*CE Info:* Board of Directors will be meeting on November 27 to consider the proposal of raising the funds via the issuance of equity shares. (Positive)
*Tata Steel:* Approves allotment of 7.58 crore shares of company to eligible shareholders of Tata Steel Long Products. (Neutral)
*Power Grid:* Investment panel approves 2 projects of Rs 142.69 cr and Rs 224.41 cr (Neutral)
*Walchandnagar Ind:* Plant of the company on strike by labour union at Walchandnagar unit (Neutral)
*SJS Enterprises:* Ashish Rameshchandra Kacholia sold 3.47 lakh equity shares. (Neutral)
*GSPL:* Mirae Asset Mutual Fund has increased its shareholding in the company by 0.13 percent. (Neutral)
*Selan:* Announces merger ratio with promoter Antelopus Energy. Selan to issue around 2 cr shares to promoter (Neutral)
*BCPL Railway:* Company has received an electrification project under the Gati Shakti Sealdah Division of Eastern Railway (Neutral)
*HomeFirst:* Block deal expected of approx. Rs 1000 cr with 5% discount (Neutral)
*Interglobe Aviation:* Received orders from commissioner of income tax appeals for assessment year 2016-17 & 2017-18 (Total tax demand was Rs 1667 crore)
*Cipla:* Pithampur plant gets warning letter; data integrity flagged by USFDA
*Genesys International:* Company in pact with Survey of India for 3D mapping program in India. (Positive)
*Lux Industries:* Company to carry out businesses across four separate verticals:. (Positive)
*JSW Infra:* Elpro International acquires 2.4 lakh shares of JSW Infrastructure for Rs 5 crore (Positive)
*Welspun Corp:* Company gets Odisha government's nod for setting up manufacturing unit. (Positive)
*Sarvotech Power:* Company bags order for 2,649 EV chargers from BPCL (Positive)
*Honasa Consumer:* Profit up 94% at Rs 29 cr Vs Rs 15 cr, Revenue up 21% at Rs 496 cr Vs Rs 410 cr (YoY) (Positive)
*TVS Motor:* Company entered Vietnam, launches five two-wheelers (Positive)
*UPL:* Company incorporates wholly-owned subsidiary Avanta Seeds in South Africa (Positive)
*Mukta Arts:* Company has entered into an agreement with Saudi Arabia-based Al-Othaim Investment Company to establish and operate cinemas across the Kingdom of Saudi Arabia. (Positive)
*Shalby:* The company has executed the Agreement with The Santacruz Residents Association and BCJ for the construction of a new hospital building at Santacruz, Mumbai. (Positive)
*CE Info:* Board of Directors will be meeting on November 27 to consider the proposal of raising the funds via the issuance of equity shares. (Positive)
*Tata Steel:* Approves allotment of 7.58 crore shares of company to eligible shareholders of Tata Steel Long Products. (Neutral)
*Power Grid:* Investment panel approves 2 projects of Rs 142.69 cr and Rs 224.41 cr (Neutral)
*Walchandnagar Ind:* Plant of the company on strike by labour union at Walchandnagar unit (Neutral)
*SJS Enterprises:* Ashish Rameshchandra Kacholia sold 3.47 lakh equity shares. (Neutral)
*GSPL:* Mirae Asset Mutual Fund has increased its shareholding in the company by 0.13 percent. (Neutral)
*Selan:* Announces merger ratio with promoter Antelopus Energy. Selan to issue around 2 cr shares to promoter (Neutral)
*BCPL Railway:* Company has received an electrification project under the Gati Shakti Sealdah Division of Eastern Railway (Neutral)
*HomeFirst:* Block deal expected of approx. Rs 1000 cr with 5% discount (Neutral)
*Interglobe Aviation:* Received orders from commissioner of income tax appeals for assessment year 2016-17 & 2017-18 (Total tax demand was Rs 1667 crore)
*Cipla:* Pithampur plant gets warning letter; data integrity flagged by USFDA
👍1
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 23-11-2023 :
@AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -41561* 😭😭
*INDEX FUT. : -553*
*INDEX OPT. : -42030*
*STOCK FUT. : +936*
*STOCK OPT. : +87*
*SEC. IN F&O BAN FOR, 24-NOV-23*
*1. BALRAMCHIN 2. HINDCOPPER 3. IBULHSGFIN 4. INDIACEM 5. MANAPPURAM 6. MCX 7. HINDPETRO 8. RBLBANK 9. ZEEL*
*DELETION : NMDC*
*ADDITION : HINDPETRO, BALRAMCHIN*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 23-NOV-2023 :*
*FIIS : BUY +255 (7,348-7,093)* 🙂
*DIIS : BUY +457 (6,234-5,777)* 🙂
*BSE SENSEX : -05 (66,018)🔽*
*NSE NIFTY : -10 (19,802)*🔽
*BSE MIDCAP. : +50 (33,567)*🔼
*BSE SMLCAP. : +173 (39,751)*🔼
*B. CRUDE : $ 80.43* 🔼 😩
*GOLD: $ 1,990=INR 62,800(10gr)*🔽 ☺️
*SILVER : RS. 76,500 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.34 🔼 🙂*
*7.26%GOI '33: 7.2924%(99.77)↔️😳*
*7.18%NEW '33: 7.2561%(99.46)🔼☺️*
*7.18%GOI '37: 7.3660% (98.40)🔼☺️*
@AlliesFin
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -41561* 😭😭
*INDEX FUT. : -553*
*INDEX OPT. : -42030*
*STOCK FUT. : +936*
*STOCK OPT. : +87*
*SEC. IN F&O BAN FOR, 24-NOV-23*
*1. BALRAMCHIN 2. HINDCOPPER 3. IBULHSGFIN 4. INDIACEM 5. MANAPPURAM 6. MCX 7. HINDPETRO 8. RBLBANK 9. ZEEL*
*DELETION : NMDC*
*ADDITION : HINDPETRO, BALRAMCHIN*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 23-NOV-2023 :*
*FIIS : BUY +255 (7,348-7,093)* 🙂
*DIIS : BUY +457 (6,234-5,777)* 🙂
*BSE SENSEX : -05 (66,018)🔽*
*NSE NIFTY : -10 (19,802)*🔽
*BSE MIDCAP. : +50 (33,567)*🔼
*BSE SMLCAP. : +173 (39,751)*🔼
*B. CRUDE : $ 80.43* 🔼 😩
*GOLD: $ 1,990=INR 62,800(10gr)*🔽 ☺️
*SILVER : RS. 76,500 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.34 🔼 🙂*
*7.26%GOI '33: 7.2924%(99.77)↔️😳*
*7.18%NEW '33: 7.2561%(99.46)🔼☺️*
*7.18%GOI '37: 7.3660% (98.40)🔼☺️*
23/11/2023
@AlliesFin
BSE:-5(66017)
NSE:-9(19802)
MID:+49(33567)
SML:+173(39751)
FII|FPI:+255Cr
DII:+457Cr
B.Crude: 81
Gold$:1994=INR: 61093
Silver: 72960
$/Rs: 83.34
7.18 : 2033 G-Sec: 7.25
NSE PE: 21.16
T.me/AlliesFin
@AlliesFin
BSE:-5(66017)
NSE:-9(19802)
MID:+49(33567)
SML:+173(39751)
FII|FPI:+255Cr
DII:+457Cr
B.Crude: 81
Gold$:1994=INR: 61093
Silver: 72960
$/Rs: 83.34
7.18 : 2033 G-Sec: 7.25
NSE PE: 21.16
T.me/AlliesFin
Mkt. Updates :
*GIFT Nifty -15 pts (19861) from last trade 19876 ,*
Nikkei +312 pts ,
Hangseng -139 pts ,
Now @6.55am .
US Mkt Clsd , Bovespa +540 pts , Ftse +14 pts , Dax +36 pts , Cac +17 pts , Crude @ $76.27 brl (-0.83), Brent @ $81.28 brl (-0.68) , Gold @ 1994.50 (+1.70), Silver $23.745 (+0.05), Euro @ $1.0904, JPY @ $149.59, INR @ 83.305
*US GOVT. 10-YR YIELD : 4.45%*
*Today's Corporate Action, 24 Nov Ex Date :*
AMRUTANJAN
Interim Dividend - Rs. - 1.0000
PGHL
Final Dividend - Rs. - 50.0000
PREMCO
Interim Dividend - Rs. - 3.0000
SHAILY
Stock Split From Rs.10/- to Rs.2/-
24-Nov-23
AVANTEL
Bonus issue 2:1
BMW
Interim Dividend - Rs. - 0.2200
CAREERP
Interim Dividend - Rs. - 1.0000
DDEVPLASTIK
Interim Dividend - Rs. - 0.5000
ECOBOARE.G.M.
EMSLIMITED
Interim Dividend - Rs. - 1.0000
ESABINDIA
Interim Dividend - Rs. - 32.0000
GNFC
Buy Back of Shares
GOLDIAM
Interim Dividend - Rs. - 1.2000
GPTINFRA
Interim Dividend - Rs. - 1.0000
INDAG
Interim Dividend - Rs. - 0.9000
ISCITRUST
Income Distribution (InvIT)
LOKESHMACH
E.G.M.
MANAPPURAM
Interim Dividend - Rs. - 0.8500
MORGANITE
Interim Dividend - Rs. - 28.0000
NATCOPHARM
Interim Dividend - Rs. - 1.2500
NICCOPAR
Interim Dividend - Rs. - 0.3000
PFC
Interim Dividend - Rs. - 4.5000
RAVALSUGAR
Stock Split From Rs.50/- to Rs.10/-RIDDHICORP
Interim Dividend - Rs. - 0.4900
SHINDL
Interim Dividend - Rs. - 0.2500
TCS
Buy Back of Shares
UNIPARTS
Interim Dividend - Rs. - 8.0000
XTGLOBAL
Interim Dividend - Rs. - 0.0500
*Today's Key Results/Board Meetings, 24-Nov-23* :*
CMMHOSP
General
EASTWEST
General
PNBHOUSING
General
STANCAP
Bonus issue;Stock Split
WARDINMOBI
General
*SEC. IN F&O BAN FOR, 24-NOV-23*
*1. BALRAMCHIN 2. HINDCOPPER 3. IBULHSGFIN 4. INDIACEM 5. MANAPPURAM 6. MCX 7. HINDPETRO 8. RBLBANK 9. ZEEL*
*DELETION : NMDC*
*ADDITION : HINDPETRO, BALRAMCHIN*
*Today's Alert :*
*RBI to Conduct Auction of GOI BONDS for INR 300 Billion*
*GIFT Nifty -15 pts (19861) from last trade 19876 ,*
Nikkei +312 pts ,
Hangseng -139 pts ,
Now @6.55am .
US Mkt Clsd , Bovespa +540 pts , Ftse +14 pts , Dax +36 pts , Cac +17 pts , Crude @ $76.27 brl (-0.83), Brent @ $81.28 brl (-0.68) , Gold @ 1994.50 (+1.70), Silver $23.745 (+0.05), Euro @ $1.0904, JPY @ $149.59, INR @ 83.305
*US GOVT. 10-YR YIELD : 4.45%*
*Today's Corporate Action, 24 Nov Ex Date :*
AMRUTANJAN
Interim Dividend - Rs. - 1.0000
PGHL
Final Dividend - Rs. - 50.0000
PREMCO
Interim Dividend - Rs. - 3.0000
SHAILY
Stock Split From Rs.10/- to Rs.2/-
24-Nov-23
AVANTEL
Bonus issue 2:1
BMW
Interim Dividend - Rs. - 0.2200
CAREERP
Interim Dividend - Rs. - 1.0000
DDEVPLASTIK
Interim Dividend - Rs. - 0.5000
ECOBOARE.G.M.
EMSLIMITED
Interim Dividend - Rs. - 1.0000
ESABINDIA
Interim Dividend - Rs. - 32.0000
GNFC
Buy Back of Shares
GOLDIAM
Interim Dividend - Rs. - 1.2000
GPTINFRA
Interim Dividend - Rs. - 1.0000
INDAG
Interim Dividend - Rs. - 0.9000
ISCITRUST
Income Distribution (InvIT)
LOKESHMACH
E.G.M.
MANAPPURAM
Interim Dividend - Rs. - 0.8500
MORGANITE
Interim Dividend - Rs. - 28.0000
NATCOPHARM
Interim Dividend - Rs. - 1.2500
NICCOPAR
Interim Dividend - Rs. - 0.3000
PFC
Interim Dividend - Rs. - 4.5000
RAVALSUGAR
Stock Split From Rs.50/- to Rs.10/-RIDDHICORP
Interim Dividend - Rs. - 0.4900
SHINDL
Interim Dividend - Rs. - 0.2500
TCS
Buy Back of Shares
UNIPARTS
Interim Dividend - Rs. - 8.0000
XTGLOBAL
Interim Dividend - Rs. - 0.0500
*Today's Key Results/Board Meetings, 24-Nov-23* :*
CMMHOSP
General
EASTWEST
General
PNBHOUSING
General
STANCAP
Bonus issue;Stock Split
WARDINMOBI
General
*SEC. IN F&O BAN FOR, 24-NOV-23*
*1. BALRAMCHIN 2. HINDCOPPER 3. IBULHSGFIN 4. INDIACEM 5. MANAPPURAM 6. MCX 7. HINDPETRO 8. RBLBANK 9. ZEEL*
*DELETION : NMDC*
*ADDITION : HINDPETRO, BALRAMCHIN*
*Today's Alert :*
*RBI to Conduct Auction of GOI BONDS for INR 300 Billion*
👍1
*News Headlines from Business News Agencies :*
*Business Standard :*
• Centre plans to ask ONGC to consider rights issue to fund HPCL: Report
• LIC targets double-digit growth, plans 3-4 products for FY24: Chairman
• Govt considers revising PLI scheme for telecom to spur 5G adoption
• Magicpin food delivery order doubles to 1 mn on ONDC during World Cup
• India needs 2 bn sq ft of additional healthcare real estate: Knight Frank
• India shares natural synergy with Nordic-Baltic nations to expand ties: EAM
• SBI set to increase interest rate after RBI's higher risk weight norms
• Nike, Mitsubishi struggle to get Indian certification for Chinese vendors
• Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26
• Sony is testing in-camera authentication to validate original conten
• SBI, Infosys, Axis Bank, ONGC most sold large-cap stocks by MFs in Oct
• India to have draft regulation on deepfakes in 10 days: Ashwini Vaisnaw
*Economic Times :*
• India slows palm oil imports as prices rally amid negative margins
• Mastercard, U GRO Capital collaborate to extend financing solutions to SMEs
• We are focused on market share gain; almost 40% of our business comes from offline now: Honasa Consumer CFO
• Binance sees $956 million in outflows after Zhao steps down to settle US probe
• NCLT gives nod to a 90-day extension for completion of the Go First insolvency process
• India’s extensive infrastructure development fuel demand for construction chemicals: MCON Rasayan
• DTH industry revenue falls 10% to Rs 11,000 crore in FY23
• Bullish on affordable housing segment: Atul Monga, CEO Basic Home Loan
• Akasa Air expands network with daily flights between Bengaluru and Port Blair via Chennai
• Govt may revoke Tur dal MoU with Mozambique
• Fedbank Financial IPO sees tepid response; Flair Writing issue booked nearly 3x on Day 2
• Ecommerce enabling outfit Unicommerce reports 52.5% jump in operating profit to Rs 90 crore in FY23
*Mint :*
• Canara Bank to raise over ₹5,000 crore through 10-year bonds: Report
• FPI inflows in debt markets hit 26-month high in November 2023
• TikTok to invest in Indonesia’s GoTo online retailer Tokopedia: report
• Servotech Power Systems get order for EV chargers from BPCL
• Adobe enters into Indian generative AI space by taking over Rephrase.ai
• India’s exports to Nordic region rises 39% in 5 years: Goyal
• SBI's unsecured lending to see moderation after RBI's tightening: Chairman
• Cochin Shipyard set for smooth sailing on back of big-ticket defence orders
• Jio Financial Services seeks RBI approval to convert from NBFC to CIC
• IRCTC down: E-ticket booking services resume after 2 hours of technical glitch
• Lupin gets US FDA approval for bromfenac ophthalmic solution used in treatment of postoperative inflammation
• Viacom18 partners SFA to broadcast school games.
*Business Standard :*
• Centre plans to ask ONGC to consider rights issue to fund HPCL: Report
• LIC targets double-digit growth, plans 3-4 products for FY24: Chairman
• Govt considers revising PLI scheme for telecom to spur 5G adoption
• Magicpin food delivery order doubles to 1 mn on ONDC during World Cup
• India needs 2 bn sq ft of additional healthcare real estate: Knight Frank
• India shares natural synergy with Nordic-Baltic nations to expand ties: EAM
• SBI set to increase interest rate after RBI's higher risk weight norms
• Nike, Mitsubishi struggle to get Indian certification for Chinese vendors
• Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26
• Sony is testing in-camera authentication to validate original conten
• SBI, Infosys, Axis Bank, ONGC most sold large-cap stocks by MFs in Oct
• India to have draft regulation on deepfakes in 10 days: Ashwini Vaisnaw
*Economic Times :*
• India slows palm oil imports as prices rally amid negative margins
• Mastercard, U GRO Capital collaborate to extend financing solutions to SMEs
• We are focused on market share gain; almost 40% of our business comes from offline now: Honasa Consumer CFO
• Binance sees $956 million in outflows after Zhao steps down to settle US probe
• NCLT gives nod to a 90-day extension for completion of the Go First insolvency process
• India’s extensive infrastructure development fuel demand for construction chemicals: MCON Rasayan
• DTH industry revenue falls 10% to Rs 11,000 crore in FY23
• Bullish on affordable housing segment: Atul Monga, CEO Basic Home Loan
• Akasa Air expands network with daily flights between Bengaluru and Port Blair via Chennai
• Govt may revoke Tur dal MoU with Mozambique
• Fedbank Financial IPO sees tepid response; Flair Writing issue booked nearly 3x on Day 2
• Ecommerce enabling outfit Unicommerce reports 52.5% jump in operating profit to Rs 90 crore in FY23
*Mint :*
• Canara Bank to raise over ₹5,000 crore through 10-year bonds: Report
• FPI inflows in debt markets hit 26-month high in November 2023
• TikTok to invest in Indonesia’s GoTo online retailer Tokopedia: report
• Servotech Power Systems get order for EV chargers from BPCL
• Adobe enters into Indian generative AI space by taking over Rephrase.ai
• India’s exports to Nordic region rises 39% in 5 years: Goyal
• SBI's unsecured lending to see moderation after RBI's tightening: Chairman
• Cochin Shipyard set for smooth sailing on back of big-ticket defence orders
• Jio Financial Services seeks RBI approval to convert from NBFC to CIC
• IRCTC down: E-ticket booking services resume after 2 hours of technical glitch
• Lupin gets US FDA approval for bromfenac ophthalmic solution used in treatment of postoperative inflammation
• Viacom18 partners SFA to broadcast school games.
@ALLiESFiN
SMALLER INDIAN COS PROPEL MCAP TOWARDS $4 Trn MILESTONE.
Link to this Post
https://telegram.me/AlliesFin/13840
SMALLER INDIAN COS PROPEL MCAP TOWARDS $4 Trn MILESTONE.
Link to this Post
https://telegram.me/AlliesFin/13840
👏1
Breaking News
@AlliesFin
1,00,000 Crore ₹ Subscription Crossed in Tata Technologies IPO 💥
TATA NAAM HI KAFI HAI
👏
@AlliesFin
1,00,000 Crore ₹ Subscription Crossed in Tata Technologies IPO 💥
TATA NAAM HI KAFI HAI
👏
🏆1
Warren Buffett’s Berkshire Hathaway sells entire stake in Paytm via bulk deal
https://economictimes.indiatimes.com/markets/stocks/news/warren-buffetts-berkshire-hathaway-sells-entire-stake-in-paytm-via-bulk-deal/articleshow/105478227.cms
https://economictimes.indiatimes.com/markets/stocks/news/warren-buffetts-berkshire-hathaway-sells-entire-stake-in-paytm-via-bulk-deal/articleshow/105478227.cms
The Economic Times
Warren Buffett’s Berkshire Hathaway sells entire stake in Paytm via bulk deal
Berkshire Hathaway's unit BH International Holdings sold about 1.56 crore shares in the digital payments company. As of September end, BH International Holdings held a 2.46% stake in Paytm.
IPO Subscription Update :
@AlliesFin
*1. Tata Technology - Rs. 2,13,000 Crore (70x subscription of 3050 Crore size)*
*2. IREDA - Rs. 84,000 Crore (39x subscription of 2150 Crore size)*
*3. Gandhar Oil - Rs. 33,000 Crore (66x subscription of 500 Crore size)*
*4. Flair pen - Rs. 30,000 Crore (50x subscription of 600 Crore size)*
*5. Rocking Deals - Rs. 4500 Crore (220x subscription of 21 Crore size)*
*6. Fed bank Fina - Rs. 2500 Crore (2.3× subscription of 1100 Crore size)*
Total - *Rs. 3,67,000 Crore*
Highest Ever weekly collection in History of Indian Markets.
Link to this post
https://telegram.me/AlliesFin/13843
@AlliesFin
*1. Tata Technology - Rs. 2,13,000 Crore (70x subscription of 3050 Crore size)*
*2. IREDA - Rs. 84,000 Crore (39x subscription of 2150 Crore size)*
*3. Gandhar Oil - Rs. 33,000 Crore (66x subscription of 500 Crore size)*
*4. Flair pen - Rs. 30,000 Crore (50x subscription of 600 Crore size)*
*5. Rocking Deals - Rs. 4500 Crore (220x subscription of 21 Crore size)*
*6. Fed bank Fina - Rs. 2500 Crore (2.3× subscription of 1100 Crore size)*
Total - *Rs. 3,67,000 Crore*
Highest Ever weekly collection in History of Indian Markets.
Link to this post
https://telegram.me/AlliesFin/13843
*SEC. IN F&O BAN FOR, 28-NOV-23*
*1. BALRAMCHIN 2 . BHEL 3. GRANULES 4. HINDCOPPER 5. HINDPETRO 6. IBULHSGFIN 7. ZEEL*
*DELETION : INDIACEM, MANAPPURAM, MCX, RBLBANK*
*ADDITION : BHEL, GRANULES*
*1. BALRAMCHIN 2 . BHEL 3. GRANULES 4. HINDCOPPER 5. HINDPETRO 6. IBULHSGFIN 7. ZEEL*
*DELETION : INDIACEM, MANAPPURAM, MCX, RBLBANK*
*ADDITION : BHEL, GRANULES*
@AlliesFin
Interesting story of Fevicol Man Of India
Peon to Multimillionaire!!
Meet the man who built Fevicol into a 12,000 CR business.
1. Balwant Parekh studied law but never wanted to practice it. However, living in Mumbai without a job was getting tough for him.
2. So, Balwant started working in a paper dyeing factory and then as a peon in a wood trader's office. Since he did not have a home, he used to sleep in a factory warehouse with his wife. Balwant had nothing but a big dream - He wanted to do business. 🙌
3. He started importing the product he knew the best - paper dyes from Western nations. Unfortunately, the business could not survive without money. Balwant was jobless once again.
4. Later, Balwant joined a German chemicals company - Fedco. But Fedco went out of business. Balwant was not going down again. He started Parekh Dychem Lite Industries( PD)Lite with his brother to sell chemical speciality products in India.
5. When P.D. Lite was looking for its first product, Balwant saw it like a hawk. Being a wood carpenter, he knew the adhesive used was not very strong. Moreover, it used Animal parts.
6. Balwant saw the massive gap and introduced the first "Vegetarian glue" into India, made 100% with synthetic resins. He decided to merge the name of his previous company - Fedco and Col, meaning Glue in German. Fevicol was born in 1959. 🚀
7. 80% of glue users were Carpenters. So, he directly approached and created a community called "Fevicol Champions Club". The community not only educated carpenters about the product but also created a network where they could learn, grow, and support each other.
8. With carpenters, Fevicol ate the market entirely. Within 20 years, Fevicol had taken up an unbelievable 70% market share. It served 1 of every 2nd carpenter in the country. 🤯
9. By 1993, PD Lite went to IPO on the Bombay Stock Exchange. Everything was going well, but Balwant was not happy. 🤔
10. He wanted Fevicol to be not just a tool for carpenters but for the masses. Fevicol launched the “Dum lagake haisha” ad in 1989, followed by the likes of “Fevicol ka mazboot jo hai, tootega nahi”. Fevicol became a monopoly with a staggering 90% market share. 🤯
11. To add to the flavour, Balwant even changed the Fevicol logo to two elephants joined by the unbreakable bond of Fevicol. Fevicol started coming in 30 gm tubes for customers and became a National symbol for unity and strength. ✅
12. By 2006, Fevicol was in 71 countries. Balwant also launched successful brands like M-Seal and Dr Fixit. As a result, Balwant's P.D Lite Industries became a 2000 CR + group.
➡️Today, Pidilite is a 12,000 CR + company. Starting as a peon, Balwant came 45th on Forbes Asia's Richest Indians.
Balwant is no more. But he will always be remembered as " The Fevciol Man of India." 🇮🇳
Weekend Read...
T.me/AlliesFin
Like 👍 Share 🌟 Support 🤝 each other.
Link to this post
https://telegram.me/AlliesFin/13845
Interesting story of Fevicol Man Of India
Peon to Multimillionaire!!
Meet the man who built Fevicol into a 12,000 CR business.
1. Balwant Parekh studied law but never wanted to practice it. However, living in Mumbai without a job was getting tough for him.
2. So, Balwant started working in a paper dyeing factory and then as a peon in a wood trader's office. Since he did not have a home, he used to sleep in a factory warehouse with his wife. Balwant had nothing but a big dream - He wanted to do business. 🙌
3. He started importing the product he knew the best - paper dyes from Western nations. Unfortunately, the business could not survive without money. Balwant was jobless once again.
4. Later, Balwant joined a German chemicals company - Fedco. But Fedco went out of business. Balwant was not going down again. He started Parekh Dychem Lite Industries( PD)Lite with his brother to sell chemical speciality products in India.
5. When P.D. Lite was looking for its first product, Balwant saw it like a hawk. Being a wood carpenter, he knew the adhesive used was not very strong. Moreover, it used Animal parts.
6. Balwant saw the massive gap and introduced the first "Vegetarian glue" into India, made 100% with synthetic resins. He decided to merge the name of his previous company - Fedco and Col, meaning Glue in German. Fevicol was born in 1959. 🚀
7. 80% of glue users were Carpenters. So, he directly approached and created a community called "Fevicol Champions Club". The community not only educated carpenters about the product but also created a network where they could learn, grow, and support each other.
8. With carpenters, Fevicol ate the market entirely. Within 20 years, Fevicol had taken up an unbelievable 70% market share. It served 1 of every 2nd carpenter in the country. 🤯
9. By 1993, PD Lite went to IPO on the Bombay Stock Exchange. Everything was going well, but Balwant was not happy. 🤔
10. He wanted Fevicol to be not just a tool for carpenters but for the masses. Fevicol launched the “Dum lagake haisha” ad in 1989, followed by the likes of “Fevicol ka mazboot jo hai, tootega nahi”. Fevicol became a monopoly with a staggering 90% market share. 🤯
11. To add to the flavour, Balwant even changed the Fevicol logo to two elephants joined by the unbreakable bond of Fevicol. Fevicol started coming in 30 gm tubes for customers and became a National symbol for unity and strength. ✅
12. By 2006, Fevicol was in 71 countries. Balwant also launched successful brands like M-Seal and Dr Fixit. As a result, Balwant's P.D Lite Industries became a 2000 CR + group.
➡️Today, Pidilite is a 12,000 CR + company. Starting as a peon, Balwant came 45th on Forbes Asia's Richest Indians.
Balwant is no more. But he will always be remembered as " The Fevciol Man of India." 🇮🇳
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3) IREDA:- 25th November
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*IPO Listing Date*
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*Mkt. Updates :*
*GIFT Nifty +35 pts (19860) from Friday's last trade 19825 ,*
Nikkei -66 pts ,
Hangseng +16 pts ,
Dow -56.68 pts ,Nsdq -9.83 pts, S&P
-8.91 pts , Bovespa +214 pts , Ftse -27 pts , Dax -63 pts , Cac -27 pts , Crude @ $75.16 brl (+0.30), Brent @ $80.08 brl (-0.50) , Gold @ 2014.20 (+1.80), Silver $24.685 (+0.04), Euro @ $1.0956, JPY @ $148.44, INR @ 83.335
*US GOVT. 10-YR YIELD : 4.40%*
*Today's Corporate Action, 28 Nov Ex Date :*
SEPC
Right Issue of Equity Shares
TALBROAUTO
Interim Dividend - Rs. - 0.2000
VSL
Interim Dividend - Rs. - 0.0500
*Today's Key Results/Board Meetings, 28-Nov-23 :*
BALGOPAL
General
MERCTRD
Right Issue of Equity Shares;General
PODDAR
Quarterly Results
RAWEDGE
General
REGTRUS
General
SIEMENS
Audited Results;Final Dividend
SPECFOOD
General
*SEC. IN F&O BAN FOR, 28-NOV-23*
*1. BALRAMCHIN 2 . BHEL 3. GRANULES 4. HINDCOPPER 5. HINDPETRO 6. IBULHSGFIN 7. ZEEL*
*DELETION : INDIACEM, MANAPPURAM, MCX, RBLBANK*
*ADDITION : BHEL, GRANULES*
*GIFT Nifty +35 pts (19860) from Friday's last trade 19825 ,*
Nikkei -66 pts ,
Hangseng +16 pts ,
Dow -56.68 pts ,Nsdq -9.83 pts, S&P
-8.91 pts , Bovespa +214 pts , Ftse -27 pts , Dax -63 pts , Cac -27 pts , Crude @ $75.16 brl (+0.30), Brent @ $80.08 brl (-0.50) , Gold @ 2014.20 (+1.80), Silver $24.685 (+0.04), Euro @ $1.0956, JPY @ $148.44, INR @ 83.335
*US GOVT. 10-YR YIELD : 4.40%*
*Today's Corporate Action, 28 Nov Ex Date :*
SEPC
Right Issue of Equity Shares
TALBROAUTO
Interim Dividend - Rs. - 0.2000
VSL
Interim Dividend - Rs. - 0.0500
*Today's Key Results/Board Meetings, 28-Nov-23 :*
BALGOPAL
General
MERCTRD
Right Issue of Equity Shares;General
PODDAR
Quarterly Results
RAWEDGE
General
REGTRUS
General
SIEMENS
Audited Results;Final Dividend
SPECFOOD
General
*SEC. IN F&O BAN FOR, 28-NOV-23*
*1. BALRAMCHIN 2 . BHEL 3. GRANULES 4. HINDCOPPER 5. HINDPETRO 6. IBULHSGFIN 7. ZEEL*
*DELETION : INDIACEM, MANAPPURAM, MCX, RBLBANK*
*ADDITION : BHEL, GRANULES*
*News Headlines from Business News Agencies :*
*Business Standard :*
• S&P Global hikes India's FY24 GDP growth forecast by 40 bps to 6.4%
• Edtech major Byju's elevates Jiny Thattil to CTO as Anil Goel moves on
• India emerges as the least sensitive to a slowdown in China, shows data
• India faces queries from WTO on PMGKAY extension and rice export ban
• Airbus to expand Tata tie-up to strengthen India's defence supply chain
• Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs
• Maruti Suzuki to hike prices of its cars from January 2024
• Macrotech Developers aims to trim net debt to below Rs 6,000 cr by March
• PhonePe expected to launch consumer lending by January next year: Report
• Drug manufacturers in India benefit from Big Pharma interest beyond China
• SIP soars beyond city limits: Small towns lead in account additions
*Economic Times :*
• India, US looking at finalising MQ-9B Predator drone deal by early next year
• Tech Mahindra to build sports cloud platform on AWS
• Alibaba's research arm shuts quantum computing lab amid restructuring
• Kronox Lab Sciences files DRHP to raise funds via IPO
• IIFL Samasta aims to raise Rs 1,000 crore in public bonds
• IndiGo introduces AI chatbot with GPT-4 technology for queries, ticket booking
• PE firm True North forays into Pvt credit, raises Rs 1,000-cr fund
• Indian drug manufacturers benefit from Big Pharma interest beyond China
• Electric bicycle-maker EMotorad bags Rs 164 crore in funding
• Inflationary woes slow down Parle's growth in FY23
• InoxGFL Group looks to invest over ₹10k crore in renewable energy push
*Mint :*
• MapmyIndia board gives nod to raise funds up to ₹500 crore via QIP route
• China Scrambles to Contain a Looming Shadow-Bank Meltdown
• ONGC to charge premium over Brent in oil deals with BPCL and HPCL
• Mamaearth employees may sell ESOP shares worth ₹150 crore via a block deal
• India is a primary market for growth: Pfizer India country president and MD
• Elliott Renews Push for Change at Big Wireless-Tower Owner
• Newgen Software board approved a bonus issue of 1 share for every 1 share held.
• PB Fintech to invest a sum of ₹350 crore in wholly-owned subsidiary
• Consumer demand remained strong in India, driven by urban dwellers, despite spike in inflation
• The winter session of Parliament, 2023 will begin from December 4 and continue till December 22
• The coal producer has a production and sales offtake target of 780 mt each for FY24
*Business Standard :*
• S&P Global hikes India's FY24 GDP growth forecast by 40 bps to 6.4%
• Edtech major Byju's elevates Jiny Thattil to CTO as Anil Goel moves on
• India emerges as the least sensitive to a slowdown in China, shows data
• India faces queries from WTO on PMGKAY extension and rice export ban
• Airbus to expand Tata tie-up to strengthen India's defence supply chain
• Audi India raises prices of vehicles by 2% from Jan 1 on rising input costs
• Maruti Suzuki to hike prices of its cars from January 2024
• Macrotech Developers aims to trim net debt to below Rs 6,000 cr by March
• PhonePe expected to launch consumer lending by January next year: Report
• Drug manufacturers in India benefit from Big Pharma interest beyond China
• SIP soars beyond city limits: Small towns lead in account additions
*Economic Times :*
• India, US looking at finalising MQ-9B Predator drone deal by early next year
• Tech Mahindra to build sports cloud platform on AWS
• Alibaba's research arm shuts quantum computing lab amid restructuring
• Kronox Lab Sciences files DRHP to raise funds via IPO
• IIFL Samasta aims to raise Rs 1,000 crore in public bonds
• IndiGo introduces AI chatbot with GPT-4 technology for queries, ticket booking
• PE firm True North forays into Pvt credit, raises Rs 1,000-cr fund
• Indian drug manufacturers benefit from Big Pharma interest beyond China
• Electric bicycle-maker EMotorad bags Rs 164 crore in funding
• Inflationary woes slow down Parle's growth in FY23
• InoxGFL Group looks to invest over ₹10k crore in renewable energy push
*Mint :*
• MapmyIndia board gives nod to raise funds up to ₹500 crore via QIP route
• China Scrambles to Contain a Looming Shadow-Bank Meltdown
• ONGC to charge premium over Brent in oil deals with BPCL and HPCL
• Mamaearth employees may sell ESOP shares worth ₹150 crore via a block deal
• India is a primary market for growth: Pfizer India country president and MD
• Elliott Renews Push for Change at Big Wireless-Tower Owner
• Newgen Software board approved a bonus issue of 1 share for every 1 share held.
• PB Fintech to invest a sum of ₹350 crore in wholly-owned subsidiary
• Consumer demand remained strong in India, driven by urban dwellers, despite spike in inflation
• The winter session of Parliament, 2023 will begin from December 4 and continue till December 22
• The coal producer has a production and sales offtake target of 780 mt each for FY24
TATA POWER CO ESTIMATED CAPEX OF AROUND INR600B TILL FY27
TATA POWER: 45% OF FY24-27 PLANNED CAPEX TO BE ON RENEWABLES
TATA POWER: 45% OF FY24-27 PLANNED CAPEX TO BE ON RENEWABLES
TCS Buyback Schedule Announced
t.me/AlliesFin
Retail Entitlement Ratio : 09 Shares against 55 Share (16.79%)
Buyback Dates : 01 - 07 December
Date of Receipt of Payment / Settlement of Bids : 10dec - 14dec
Acceptance expected near 40%.
TCS Buyback Update :
People getting mails about Buyback.
9 Share out of 55 Entitle for Buyback
8 share out of 53 Entitle for Buyback
First Understand Difference between Entitlement Ratio & Acceptance Ratio 👇
Entitlement is the Minimum Shares Company will Buyback (16%).
Acceptance Ratio you will get only when whole Buyback process will start. ( Nearby 20-30%).
So when you are bidding for buyback then apply all shares you bought before 24th November. Don't get confuse with Entitlement shares.
Bidding Process will start from 1st Dec to 7th Dec : Many Broker platform will show you bidding process, So bid in that & Bid for all shares you bought before 24th Nov.
t.me/AlliesFin
Retail Entitlement Ratio : 09 Shares against 55 Share (16.79%)
Buyback Dates : 01 - 07 December
Date of Receipt of Payment / Settlement of Bids : 10dec - 14dec
Acceptance expected near 40%.
TCS Buyback Update :
People getting mails about Buyback.
9 Share out of 55 Entitle for Buyback
8 share out of 53 Entitle for Buyback
First Understand Difference between Entitlement Ratio & Acceptance Ratio 👇
Entitlement is the Minimum Shares Company will Buyback (16%).
Acceptance Ratio you will get only when whole Buyback process will start. ( Nearby 20-30%).
So when you are bidding for buyback then apply all shares you bought before 24th November. Don't get confuse with Entitlement shares.
Bidding Process will start from 1st Dec to 7th Dec : Many Broker platform will show you bidding process, So bid in that & Bid for all shares you bought before 24th Nov.
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GIFT Nifty +72 pts (20025) from last trade 19953 ,
Nikkei -77 pts ,
Hangseng +5 pts ,
Dow +83.51 pts ,Nsdq +40.73 pts, S&P
+4.46 pts , Bovespa +806 pts , Ftse -5 pts , Dax +26 pts , Cac -15 pts , Crude @ $76.41 brl (+0.00), Brent @ $81.66 brl (+1.68) , Gold @ 2040.00 (+0.00), Silver $24.935 (+0.04), Euro @ $1.0993, JPY @ $147.36, INR @ 83.345
*Today's Corporate Action*
*29th Nov Ex Date*
DATAINFRA
Income Distribution (InvIT)
MLKFOOD
Interim Dividend - Rs. - 2.5000
*Today's Key Results/Board Meetings*
*29-Nov-23*
BALGOPAL
General
MERCTRD
Right Issue of Equity Shares;General
PODDAR
Quarterly Results
RAWEDGE
General
REGTRUS
General
SIEMENS
Audited Results;Final Dividend
SPECFOODGeneral
29-Nov-23
BINNY
Audited Results
BINNYMILLS
General
BPCL
Interim Dividend
MACKINN
Quarterly Results
MANINFRA
Issue Of Warrants;General;Preferential Issue of shares
MANJEERA
Quarterly Results
PRITIKAUTO
General
PURVA
General
PVVINFRA
General
RAJOOENG
Buy Back of Shares
SUPRAPFSL
General
WORTH
General
*Stock under F&O ban on NSE*
*29-Nov-23*
1 BALRAMCHIN
2 BHEL
3 GRANULES
4 IBULHSGFIN
Nikkei -77 pts ,
Hangseng +5 pts ,
Dow +83.51 pts ,Nsdq +40.73 pts, S&P
+4.46 pts , Bovespa +806 pts , Ftse -5 pts , Dax +26 pts , Cac -15 pts , Crude @ $76.41 brl (+0.00), Brent @ $81.66 brl (+1.68) , Gold @ 2040.00 (+0.00), Silver $24.935 (+0.04), Euro @ $1.0993, JPY @ $147.36, INR @ 83.345
*Today's Corporate Action*
*29th Nov Ex Date*
DATAINFRA
Income Distribution (InvIT)
MLKFOOD
Interim Dividend - Rs. - 2.5000
*Today's Key Results/Board Meetings*
*29-Nov-23*
BALGOPAL
General
MERCTRD
Right Issue of Equity Shares;General
PODDAR
Quarterly Results
RAWEDGE
General
REGTRUS
General
SIEMENS
Audited Results;Final Dividend
SPECFOODGeneral
29-Nov-23
BINNY
Audited Results
BINNYMILLS
General
BPCL
Interim Dividend
MACKINN
Quarterly Results
MANINFRA
Issue Of Warrants;General;Preferential Issue of shares
MANJEERA
Quarterly Results
PRITIKAUTO
General
PURVA
General
PVVINFRA
General
RAJOOENG
Buy Back of Shares
SUPRAPFSL
General
WORTH
General
*Stock under F&O ban on NSE*
*29-Nov-23*
1 BALRAMCHIN
2 BHEL
3 GRANULES
4 IBULHSGFIN
👍1
News Headlines from Business News Agencies : t.me/AlliesFin
*Business Standard :*
• Center plans to increase coking coal shipments from Russia: Report
• Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore
• BharatPe turns EBITDA positive in Oct, annualised revenue up Rs 1,500 cr
• India's IT spend to reach $124.6 billion in 2024, up 10.7%: Gartner
• Proxy advisory firm urges Raymond's directors to probe assault allegations
• Domestic coal prices match international trends without raising power bills
• IOC corners more than a third of D6 gas in latest Reliance auction
• Sony-Zee merger risks collapse ahead of deadline over CEO drama
• PhiCommerce raises $10 mn in funding led by Singapore-based BEENEXT
• Delhi trade fair registers highest single-day footfall of 150k on final day
• Bharat Biotech, University of Sydney ink MoU for vaccine research
• Oyo restarts self-operated hotels, targets 200 new premium properties
*Economic Times :*
• GoKwik partners with Flipkart to offer rewards ecosystem for D2C shoppers
• State government capex to rise up to 18 percent this fiscal: Report
• Defence Procurement Board clears Indian Navy's proposal on second indigenous aircraft carrier
• WEF says $13.5 trillion needed to fast-track decarbonisation of key sectors
• Sami-Sabinsa invests in captive renewable energy in Karnataka
• ArcelorMittal S.Africa to close long steel ops, cut 3,500 jobs
• Jubilant Foodworks to acquire majority stake in DP Eurasia for EUR 73.36 million
• Centre receives Rs 3,636 crore dividend from Indian Oil Corporation
• Bharti Airtel’s selling and distribution costs to be four times Jio’s this fiscal
• Govt may consider introducing legal safeguards for healthcare workers: Panel
• NDTC to re-commence NDTV Profit’s operations from December 08
*Mint :*
• SpiceJet looking to raise $100mn, Ajay Singh in talks with credit funds: Report
• Former TCS CEO Rajesh Gopinathan joins BCG as senior advisor, report claims
• TCS announces share buyback dates, fixes retail entitlement ratio at 17%
• Netweb Technologies collaborates with NVIDIA to unlock potential of AI
• India to launch first-ever auction of 20 blocks of critical and strategic miner
• iPhone maker Foxconn plans to expand footprint in India with $1.6 bn investment
• Union Mutual Fund announced the launch of the Union Children’s Fund
• Havells launches its consumer durable brand ‘Lloyd’ in the Middle East market
• LIC to launch new insurance plan ‘Jeevan Utsav’ on November 29.
• Sebi to ease capital, disclosure requirement norms for passive funds: Report
• Shein IPO: China's fashion retailer files for US IPO; aims for $90 bn valuation
• Home First Finance promoter sells 3.92% stake via open market on November 23
*Business Standard :*
• Center plans to increase coking coal shipments from Russia: Report
• Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore
• BharatPe turns EBITDA positive in Oct, annualised revenue up Rs 1,500 cr
• India's IT spend to reach $124.6 billion in 2024, up 10.7%: Gartner
• Proxy advisory firm urges Raymond's directors to probe assault allegations
• Domestic coal prices match international trends without raising power bills
• IOC corners more than a third of D6 gas in latest Reliance auction
• Sony-Zee merger risks collapse ahead of deadline over CEO drama
• PhiCommerce raises $10 mn in funding led by Singapore-based BEENEXT
• Delhi trade fair registers highest single-day footfall of 150k on final day
• Bharat Biotech, University of Sydney ink MoU for vaccine research
• Oyo restarts self-operated hotels, targets 200 new premium properties
*Economic Times :*
• GoKwik partners with Flipkart to offer rewards ecosystem for D2C shoppers
• State government capex to rise up to 18 percent this fiscal: Report
• Defence Procurement Board clears Indian Navy's proposal on second indigenous aircraft carrier
• WEF says $13.5 trillion needed to fast-track decarbonisation of key sectors
• Sami-Sabinsa invests in captive renewable energy in Karnataka
• ArcelorMittal S.Africa to close long steel ops, cut 3,500 jobs
• Jubilant Foodworks to acquire majority stake in DP Eurasia for EUR 73.36 million
• Centre receives Rs 3,636 crore dividend from Indian Oil Corporation
• Bharti Airtel’s selling and distribution costs to be four times Jio’s this fiscal
• Govt may consider introducing legal safeguards for healthcare workers: Panel
• NDTC to re-commence NDTV Profit’s operations from December 08
*Mint :*
• SpiceJet looking to raise $100mn, Ajay Singh in talks with credit funds: Report
• Former TCS CEO Rajesh Gopinathan joins BCG as senior advisor, report claims
• TCS announces share buyback dates, fixes retail entitlement ratio at 17%
• Netweb Technologies collaborates with NVIDIA to unlock potential of AI
• India to launch first-ever auction of 20 blocks of critical and strategic miner
• iPhone maker Foxconn plans to expand footprint in India with $1.6 bn investment
• Union Mutual Fund announced the launch of the Union Children’s Fund
• Havells launches its consumer durable brand ‘Lloyd’ in the Middle East market
• LIC to launch new insurance plan ‘Jeevan Utsav’ on November 29.
• Sebi to ease capital, disclosure requirement norms for passive funds: Report
• Shein IPO: China's fashion retailer files for US IPO; aims for $90 bn valuation
• Home First Finance promoter sells 3.92% stake via open market on November 23
👍1
IPO Listing- Indian Renewable Energy Development Agency Limited
@AlliesFin
Listing Date : *Wednesday, November 29, 2023 (Today)*
ISIN : *INE202E01016*
BSE : *544026 ‘B’ Group*
NSE : *IREDA*
NSE Series : *EQ*
IPO Price : *₹ 32/-*
App. Min. Lot : *460 Shares*
@AlliesFin
Listing Date : *Wednesday, November 29, 2023 (Today)*
ISIN : *INE202E01016*
BSE : *544026 ‘B’ Group*
NSE : *IREDA*
NSE Series : *EQ*
IPO Price : *₹ 32/-*
App. Min. Lot : *460 Shares*