Tcs board to consider buyback on Oct 11 @AlliesFin

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@AlliesFin

*News Headlines from Business News Agencies:*

*Business Standard*

• RBI to issue framework for SRO recognition for regulated entities
• Govt seeded power of GST on ENA for states to take decision, says FM
• TCS to consider buyback of shares in board meeting on October 11
• MCX gets SEBI approval to launch new commodity derivatives platform
• Reliance General Insurance gets Rs 922 crore GST notice from DGGI
• Air Asia transfers the first A320 plane to Air India Express, says Wilson
• Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA arm
• Banks are likely to report healthy profits in Q2 on high credit growth
• India priority market for Costa Coffee: Global CEO Philippe Schaillee
• Air India cancels Tel Aviv flights till Oct 14 after Hamas attacks Israel
• Indian Energy Exchange to acquire 10% in Enviro Enablers India Pvt Ltd
• Ola launches all-electric on-demand parcel delivery service in Bengaluru
• Truecaller acquires TrustCheckr service to expand enterprise services
• Financial savings increased by 14% in absolute terms: RBI deputy guv Patra

*Economic Times*

• Middle East stock markets plunge as Israel goes to war with Hamas
• GST Council Meet: Tax slashed on millet products, distilled alcohol exempted
• Realty developer Aarize group acquires over 50-acre land for four projects
• HP puts its money on AI PC to drive growth in India
• VinFast plans $200 million investment to set up EV manufacturing facility in India
• RBI Governor Shaktikanta Das cautions lenders over rise in unsecured loans
• Government to computerise 1851 agri & rural development banks and state cooperative registrars
• NCLT directs Swan Energy to make upfront payment for Reliance Naval
• US and European MNCs now consider India an alternate option to China: PwC Asia Pacific
• Govt considers lowering minimum export price on basmati rice to USD 850/tonne
• Vizag Steel Plant clocks best ever H1 sales of wire rod coils, structurals, value-added steel
• SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore

*Mint*

• Tata Motors Q2: Global wholesales up 7% to 3.4 lakh, JLR volume rises 29% YoY
• Daily coal supply gap to thermal plants persists amid elevated demand
• Oil India plans green hydrogen valley foray, eyes geothermal exploration
• RBI Monetary Policy: GDP growth forecast for FY24 unchanged at 6.5%
• IIFCL sanctions loans worth Rs 8,800 crore to boost civil aviation infrastructure
• QIP retains charm in FY23: 20 firms raise Rs 18400 crore in the first half of FY24
• magicpin to spend Rs 100 crore for food discounts during the cricket world cup
• Govt says committed to reducing risks for aircraft lessors
• India's forex reserves drop $3.7 bn to $586.9 bn in 4th straight weekly decline
• Saint-Gobain to invest another ₹3,400 crore in Tamil Nadu
• Railways to run special Vande Bharat trains for IND vs PAK match in Ahmedabad
• Vedanta open to revising proposal to delay payments on miner’s dollar bonds

India Daybook Stocks in News


*TCS:* Company to consider buyback of shares on Oct 11: Agencies (Positive)

*TVS Motors:* Production of BMW CE 02 electric scooter starts at TVS Motor’s Hosur plant. (Positive)

*Biocon:* Company in pact with Juno Pharma for diabetes, obesity drug-device. (Positive)

*Titan:* Company reports 20% revenue growth in Q2, Jewellery Division reports 19% revenue growth (Positive)

*Reliance Ind:* Abu Dhabi Investment Authority to invest Rs 4,966.8o crore in Reliance Retail Ventures (Positive)

*Sun Pharma:* U.S. FDA has accepted the new drug application for deuruxolitinib. (Positive)

*Vakrangee:* Company ties up with JK Cement for sale of grey Cement through Vakrangee Kendra networks. (Positive)

*Indiabulls Housing:* Elizabeth Mathew buys 32 lakh shares of Indiabulls Housing (Positive)

*Metropolis:* Core Business Revenue Up 13% YoY - Largely Driven By Volume Growth (Positive)

*Aster DM:* Company plans to increase bed capacity at Whitefield hospital. (Positive)

*Adani Green:* Company commissions 150 MW solar power project at Bikaner, Rajasthan (Positive)

*Adani Energy:* Acquires 100% equity shares of Sangod Transmission Service from Rajasthan Rajya Vidyut Prasaran Nigam (Positive)

*Kalyan Jewellers:* Company plans to add 33 new showrooms by Diwali, (Positive)

*Walchandnagar Ind:* Company to issue warrants; Ashish Kacholia to buy up to 1.75 mn warrants (Positive)

*Oil India:* Company plans green hydrogen valley foray, eyes geothermal exploration (Positive)

*Kaynes Technology:* Company in pact with Telangana government for investing Rs 2,800 crore in semiconductor plant (Positive)

*BSE:* Company to launch futures contracts for base metals and options on futures in precious metals and energy on October 9. (Positive)

*Lemon Tree:* Signs new property for 60-rooms hotel in Jamnagar, Gujarat (Positive)

*Prestige Estates:* Q2 sales at Rs 7093 crore, up 102 percent YoY (Positive)

*Marathon:* Q2 area sold stood at 1,70,501 sq. fts., an increase of 108% YoY over corresponding period of last year. (Positive)

*Shakti Pumps:* Company has received Letter of Intent of Rs. 149.71 Crores for implementation of grid connected Solar Water pumping System (Positive)

*Solar Industries:* Company has received orders worth Rs 1853 Crores from Coal India (Positive)

*RVNL:* Receives Letter of Acceptance Worth Rs 394 Crores From Maharashtra Metro Rail (Positive)

*Oil Upstream Stocks:* Crude prices jumped by 5 percent on recent Geo political concerns (Positive)

*GOCL:* Bags Order Worth Rs 766 Crores from Coal India For Supply Of Bulk Explosives (Positive)

*United Spirits:* GST Council has decided to reduce GST on Molasses to 5% from 18% (Positive)

*MCX:* Gets Approval from SEBI Tech Panel to Shift To New Platform (Positive)

*KPI Green:* Receives Order Worth 4.20 MW for Solar Power Projects (Positive)

*IEX:* Company to acquire 10% stake in Enviro Enablers India: Agencies (Neutral)

*Tata Motors:* JLR proposes tender offer for outstanding notes (Neutral)

*Bank of Baroda:* Total Deposits up 4.15% QoQ at Rs 12 lk cr, Domestic CASA Deposits up 1.12% QoQ at Rs 4.24 lk cr (Neutral)

*IDFC First Bank:* Approves allocation of 33.24 crore shares at issue price of Rs 90.25 apiece. (Neutral)

*PB Fintech:* Softbank sells 1.1 crore shares of PB Fintech; Goldman Sachs, Tata MF and others among buyers (Neutral)

*SBIN:* Govt extends SBI Chairman Dinesh Khara’s tenure till August 2024 (Neutral)

*Tata Steel:* Crude steel production stood at 4.99 million tons and was broadly stable on QoQ and up 4% on YoY. (Neutral)

*Sigachi:* Board meeting today to consider allotment of equity shares upon conversion of Warrants (Neutral)

*Glenmark:* Board meeting today to consider declaration of Interim Dividend (Neutral)

*KPI Green:* Board meeting today to consider September Ending / Q2 Results (Neutral)

ELECTION DATES

MIZORAM: 7 NOV
MADHYA PRADESH: 17 NOV
RAJASTHAN: 23 NOV
TELANGANA: 30 NOV

9/10/2023
BSE:-483(65512)
NSE:-141(19512)
MID:-390(31686)
SML:-650(37209)
*FII|FPI:-997Cr*
*DII:+2661Cr*
B.Crude: 87
Gold$:1849=INR: 57446
Silver: 68669
$/Rs: 83.26
7.18 : 2033 G-Sec: 7.38
NSE PE: 22.07
T.me/AlliesFin

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 09-10-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -11430* 😭

*INDEX FUT. : -290*

*INDEX OPT. : -10345*

*STOCK FUT. : -547*

*STOCK OPT. : -247*

*SEC. IN F&O BAN FOR, 10-Oct-23 :*

*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB 5. MCX 6. L&TFH*

*ADDITION : MCX, L&TFH*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 09-OCT-2023 :*

*FIIS : SELL -998 (5,052-6,050)* 😩

*DIIS : BUY +2,661 (8,216-5,555)* 😃

*BSE SENSEX : -483 (65,512)🔽*

*NSE NIFTY : -141 (19,512)*🔽

*BSE MIDCAP. : -391 (31,686)*🔽

*BSE SMLCAP. : -650 (37,210)*🔽

*B. CRUDE : $ 88.04* 🔼 😭😭

*GOLD: $1853=INR 58,700(10gr)* 🔼 😃

*SILVER : RS. 72,900 (kg)(5pm)*🔼😃

*FOREX : RS. $ 83.27 🔽 ☺️*

*7.26%GOI '33: 7.4309%(98.85)🔼😩*

*7.18%NEW '33: 7.3806%(98.60)🔼😩*

*7.18%GOI '37: 7.4920% (97.33)🔼😩*

Mkt. Updates :

GIFT Nifty +100 pts (19622) from last trade 19522 ,

Nikkei *+725* pts ,
Hangseng +209 pts ,


Dow +197.07 pts ,Nsdq +52.90 pts, S&P
+27.16 pts , Bovespa +986 pts , Ftse -2 pts , Dax -101 pts , Cac -38 pts , Crude @ $86.34 brl (-0.04), Brent @ $88.13 brl (-0.01) , Gold @ 1877.70 (+13.40), Silver @ $22.06 (+0.13), Euro @ $1.0574, JPY @ $148.35,  INR @ 83.235


*US GOVT. 10-YR YIELD : 4.65%*


*Today's Corporate Action, 10 Oct Ex Date :*

GUJTHEM
Stock  Split From Rs.5/- to Rs.1/-
JONJUA
Bonus issue 9:50
THEMISMED
Stock  Split From Rs.10/- to Rs.1/-


*Today's Key Results/Board Meetings, 10-Oct-23 :*

GMBREW
Quarterly Results  
NAGPI
A.G.M.  
RISHDIGA
General  
SDBL
General  
SPECFOOD
Right Issue of Equity Shares;Increase in Authorised Capital
STEELXIND
General  


*SEC. IN F&O BAN FOR, 10-Oct-23 :*

*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB 5. MCX 6. L&TFH*

*ADDITION : MCX, L&TFH*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 100.25 Billion*

India Daybook – Stocks in News


Bhageria Industries: Company wins solar EPC project worth Rs 104.5 cr in Bahrain (Positive)

Genus Power: Company wins order worth Rs 3,115 cr (Positive)

GR Infraprojects & Patel Engineering: JV executes Rs 3,637.12 cr Contract Agreement with NHPC (Positive)

Concor: Q2 Total Volume Jumped by 7.59 percent, Q2 Domestic Volume jumped by 26.1% YoY (Positive)

Mazagon Dock: Company signed letter of intent with European client for 10 multi-purpose power vessels (Positive)

Dilip Buildcon: Company signs agreement with The Water Resources Zone, Udaipur for Rs 397 cr project. (Positive)

Tata Steel: Fitch upgrades Tata Steel to 'BBB-'; outlook stable (Positive)

Glenmark Life: Company declares interim dividend of Rs 22.50/sh (Positive)

FDC: Company volume jumped by 9.5 percent YoY in September. (Positive)

Alkem: Company volume jumped by 7.3 percent YoY in September (Positive)

Cipla: Company volume jumped by 5.4 percent YoY in September (Positive)

IDFC First: To Sell Bank’s office premises at Naman Chambers, BKC, Mumbai to NSDL for Rs 198 Crores (Positive)

Phoenix Mills: Q2 total consumption stood at Rs 2637 Crores, YoY growth of 20% (Positive)

Star Health: Company gets GST demand notice for Rs 39 crore from DG of GST Intelligence, Mumbai. (Neutral)

Indian Oil Corp; Company appoints Anuj Jain as director (finance) of the company w.e.f. October 9, 2023 (Neutral)

Canara Bank: Bank appoints Bhavendra Kumar as executive director w.e.f. October 9. (Neutral)

Dr Reddy: Named Among Defendant In A Complaint Filed By Mayo Clinic & Lifepoint Corporate In US District Court. (Neutral)

Hindustan Zinc: Company gets CGST penalty notice of ₹1.81 crore from Udaipur circle (Neutral)

BPCL: Co shut a 7.8 MTPA crude, some secondary units at Mumbai refinery for maintenance from Oct 6 (Neutral)

Bajaj Finance: EGM on Oct 31 for issuance of warrants on a preferential basis to Bajaj Finserv (Neutral)

Persistent Systems: issues Letter Of Comfort to US arm to avail banking facility of $30 million, (Neutral)

For the years before the Fed (in red) and the claim of CB money printing, the market has maintained a trajectory that has been consistent. The Market works in spite of the Fed, not because of the Fed.
Telegram.me/AlliesFin

@AlliesFin

🇮🇳👍𝐈𝐧𝐝𝐢𝐚𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐇𝐨𝐮𝐬𝐞𝐬 𝐚𝐧𝐝 𝐈𝐭'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐩


𝐓𝐚𝐭𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟐𝟓,𝟐𝟗,𝟖𝟑𝟖 𝐂𝐫

Total Number of companies = 28

▪️Tata Consultancy Services Ltd
▪️Titan Company Ltd
▪️Tata Motors Ltd
▪️Tata Steel Ltd
▪️Tata Power Company Ltd
▪️Tata Consumer Products Ltd
▪️Trent Ltd
▪️Indian Hotels Co Ltd
▪️Tata Communications Ltd
▪️Tata Elxsi Ltd
▪️Voltas Ltd
▪️Tata Chemicals Ltd
▪️Tata Motors-DVR
▪️Tata Teleservices (Maharashtra) Ltd
▪️Tejas Networks Ltd
▪️Tata Investment Corporation Ltd
▪️Tata Coffee Ltd
▪️Rallis India Ltd
▪️Tinplate Company of India Ltd
▪️Tata Steel Long Products Ltd
▪️Tata Metaliks Ltd
▪️NELCO Ltd
▪️Oriental Hotels Ltd
▪️Automobile Corporation Of Goa Ltd
▪️Benares Hotels Ltd
▪️Automotive Stampings & Assemblies Ltd
▪️TRF Ltd
▪️Tayo Rolls Ltd

𝐌𝐮𝐤𝐞𝐬𝐡 𝐀𝐦𝐛𝐚𝐧𝐢 𝐆𝐫𝐨𝐮𝐩 - 𝟏𝟖,𝟔𝟎,𝟔𝟖𝟑 𝐂𝐫

Total Number of companies = 11

▪️Reliance Industries Ltd
▪️Jio Financial Services Ltd
▪️Alok Industries Ltd
▪️TV18 Broadcast Ltd
▪️Network 18 Media & Investments Ltd
▪️Sterling & Wilson Renewable Energy Ltd
▪️Just Dial Ltd
▪️Hathway Cable & Datacom Ltd
▪️Den Networks Ltd
▪️Reliance Industrial Infrastructure Ltd
▪️Hathway Bhawani Cabletel & Datacom Ltd

𝐇𝐃𝐅𝐂 𝐆𝐫𝐨𝐮𝐩 - 𝟏𝟒,𝟓𝟓,𝟕𝟕𝟕 𝐂𝐫

Total Number of companies = 3

▪️HDFC Bank Ltd
▪️HDFC Life Insurance Company Ltd
▪️HDFC Asset Management Company Ltd

𝐀𝐝𝐚𝐧𝐢 𝐆𝐫𝐨𝐮𝐩 - 𝟏𝟏,𝟏𝟖,𝟔𝟕𝟖 𝐂𝐫

Total Number of companies = 11

▪️Adani Enterprises Ltd
▪️Adani Ports & Special Economic Zone Ltd
▪️Adani Green Energy Ltd
▪️Adani Power Ltd
▪️Adani Energy Solutions Ltd
▪️Ambuja Cements Ltd
▪️Adani Total Gas Ltd
▪️Adani Wilmar Ltd
▪️ACC Ltd
▪️Sanghi Industries Ltd
▪️New Delhi Television Ltd

𝐁𝐚𝐣𝐚𝐣 𝐆𝐫𝐨𝐮𝐩 - 𝟗,𝟓𝟓,𝟎𝟔𝟗 𝐂𝐫

Total Number of companies = 10

▪️Bajaj Finance Ltd
▪️Bajaj Finserv Ltd
▪️Bajaj Auto Ltd
▪️Bajaj Holdings & Investment Ltd
▪️Bajaj Electricals Ltd
▪️Maharashtra Scooters Ltd
▪️Bajaj Hindusthan Sugar Ltd
▪️Bajaj Consumer Care Ltd
▪️Mukand Ltd
▪️Hercules Hoists Ltd

𝐈𝐂𝐈𝐂𝐈 𝐆𝐫𝐨𝐮𝐩 - 𝟖,𝟔𝟖,𝟗𝟒𝟕 𝐂𝐫

Total Number of companies = 4

▪️ICICI Bank Ltd
▪️ICICI Prudential Life Insurance Company Ltd
▪️ICICI Lombard General Insurance Company Ltd
▪️ICICI Securities Ltd

𝐋&𝐓 𝐆𝐫𝐨𝐮𝐩 - 𝟔,𝟓𝟒,𝟔𝟖𝟓 𝐂𝐫

Total Number of companies = 4

▪️Larsen & Toubro Ltd
▪️LTIMindtree Ltd
▪️L&T Technology Services Ltd
▪️L&T Finance Holdings Ltd

𝐀𝐝𝐢𝐭𝐡𝐲𝐚 𝐁𝐢𝐫𝐥𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟔,𝟐𝟎,𝟓𝟒𝟒 𝐂𝐫

🏷Total Number of companies = 7

▪️UltraTech Cement Ltd
▪️Grasim Industries Ltd
▪️Hindalco Industries Ltd
▪️Vodafone Idea Ltd
▪️Aditya Birla Capital Ltd
▪️Aditya Birla Fashion & Retail Ltd
▪️Aditya Birla Money Ltd

𝐎 𝐏 𝐉𝐢𝐧𝐝𝐚𝐥 𝐆𝐫𝐨𝐮𝐩 - 𝟑,𝟗𝟗,𝟗𝟏𝟐 𝐂𝐫

Total Number of companies = 11

▪️JSW Steel Ltd
▪️Jindal Steel & Power Ltd
▪️JSW Energy Ltd
▪️Jindal Stainless Ltd
▪️Jindal Saw Ltd
▪️JSW Holdings Ltd
▪️Nalwa Sons Investments Ltd
▪️JITF Infra Logistics Ltd
▪️Shalimar Paints Ltd
▪️Shiva Cement Ltd
▪️Hexa Tradex Ltd

𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟑,𝟖𝟓,𝟗𝟗𝟎 𝐂𝐫

Total Number of companies = 8

▪️Mahindra & Mahindra Ltd
▪️Tech Mahindra Ltd
▪️Mahindra & Mahindra Financial Services Ltd
▪️Mahindra Lifespace Developers Ltd
▪️Mahindra Holidays & Resorts India Ltd
▪️Mahindra Logistics Ltd
▪️Swaraj Engines Ltd
▪️Mahindra EPC Irrigation Ltd

𝐌𝐮𝐫𝐮𝐠𝐚𝐩𝐩𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟐,𝟓𝟗,𝟐𝟔𝟓 𝐂𝐫

Total Number of companies = 8

▪️Cholamandalam Investment & Finance Company Ltd
▪️Tube Investments of India Ltd
▪️Coromandel International Ltd
▪️Carborundum Universal Ltd
▪️Cholamandalam Financial Holdings Ltd
▪️EID Parry (India) Ltd
▪️Shanthi Gears Ltd
▪️Wendt India Ltd

𝐕𝐞𝐝𝐚𝐧𝐭𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟐,𝟑𝟎,𝟑𝟓𝟎 𝐂𝐫

Total Number of companies = 3

▪️Hindustan Zinc Ltd
▪️Vedanta Ltd
▪️Sterlite Technologies Ltd👍🇮🇳

Telegram.me/AlliesFin

🤝