#Nifty 17,100 interesting facts #alliesfin
Nifty on 27th November 17,100
Nifty on 27th December 17,100
Nifty on 27th January 17,100
Nifty on 27th February 17100
Nifty on 27th March 17100
Nifty on 27th April 17100
Nifty on 27th May - ❓❓❓
Nifty on 27th November 17,100
Nifty on 27th December 17,100
Nifty on 27th January 17,100
Nifty on 27th February 17100
Nifty on 27th March 17100
Nifty on 27th April 17100
Nifty on 27th May - ❓❓❓
*Delhivery Limited*
Listing Date : *Tuesday, May 24 2022*
ISIN : *INE148O01028*
BSE : *543529 (B Group)*
NSE : *DELHIVERY (EQ Series)*
Total Shares : *724518330*
Face Value : *₹1*
IPO Price : *₹487*
👍🏻🤝🏻
*Venus Pipes & Tubes Limited*
Listing Date : *Tuesday, May 24 2022*
ISIN : *INE0JA001018*
BSE : *543528 (T Group)*
NSE : *VENUSPIPES (BE Series)*
Total Shares : *20296110*
Face Value : *₹10*
IPO Price : *₹326*
Listing Date : *Tuesday, May 24 2022*
ISIN : *INE148O01028*
BSE : *543529 (B Group)*
NSE : *DELHIVERY (EQ Series)*
Total Shares : *724518330*
Face Value : *₹1*
IPO Price : *₹487*
👍🏻🤝🏻
*Venus Pipes & Tubes Limited*
Listing Date : *Tuesday, May 24 2022*
ISIN : *INE0JA001018*
BSE : *543528 (T Group)*
NSE : *VENUSPIPES (BE Series)*
Total Shares : *20296110*
Face Value : *₹10*
IPO Price : *₹326*
Stocks in News
Maruti Suzuki buys 12% stake in Sciograph Solutions. Maruti Suzuki India said it will acquire an equity stake of 12.09 percent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platforms predominantly used to help enterprises improve sales experiences and improve efficiency in their business.
ONGC starts selling gas from KG Basin block on Indian exchange. ONGC told exchanges that it has become the first explorer to trade natural gas produced from local fields on the Indian Gas Exchange. The gas was sold from ONGC's KG-DWN-98/2 in offshore Krishna Godavari Basin, it said without giving volume and price detail. ONGC also said that it will slowly raise the trading volume.
Zomato losses in the March quarter triple; revenue surges 75%. Zomato said its consolidated net loss for the quarter ended March widened to Rs 359.7 crore compared to Rs 134.2 crore in the corresponding quarter last year. Revenue from operations came in at Rs 1,211.8 crore, up 75.01 percent compared to Rs 692.4 crore a year ago. "We are aiming for accelerated growth along with further reduction in losses (and increasing profits in some time). We are clear on what our long term shareholders expect of us and we are working hard to deliver on both growth and profitability expectations," the company said.
Marico buys 54% stake in HW Wellness Solutions. Marico has announced a strategic investment in HW Wellness Solutions, owner of health food brand True Elements, with an acquisition of 54 percent equity stake. The firm said it is in all cash deal but did not disclose the acquisition amount. True Elements is in the healthy breakfast and snacks segments. Its portfolio includes oats, quinoa, muesli, granola, flakes and Indian breakfast including poha, upma and dosa among others.
Ramco Cement net profit fell 73% YoY in March quarter. Ramco Cements reported a 73 percent fall in standalone net profit after tax at Rs 124 crore for the quarter ended March compared with Rs 214 crore a year back, due to cost pressures and lower realisation. Revenue from operations for the quarter stood at Rs 1,698 crore compared to Rs,624 crore in the year-ago period, an increase of about 5 percent. Power and fuel costs shot up to Rs 467 crore compared to Rs248 crore, while finance costs more than doubled to Rs 33 crore from Rs 15 crore.
Bharat Electronics net profit for March quarter falls 16%. Bharat Electronics reported a 16 percent year-on-year drop in its net profit for the March quarter to Rs 1140 crore. Revenue for the quarter fell 9 percent from a year ago to Rs 6320 crore. According to a Bloomberg analysts poll, the firm expected to post a profit of Rs 1240 crore while revenue was expected at Rs 6370 crore. Total order book as on 1 April stood at Rs 57,570 crore.
Olectra Greentech gets an order worth Rs 3,675 crore. Olectra Greentech announced securing the biggest ever order in the history for 2,100 electric buses from Brihanmumbai Electric Supply and Transport (BEST). Evey Trans Private Ltd (EVEY), an arm of Olectra, has obtained the letter of award from BEST after being declared as an L1 (least quoted) bidder.
Rupa accepts CEO and CFO resignation. Rupa & Co said it accepted the resignation of Dinesh Kumar Lodha, from the post of Chief Executive Officer of the Company, effective from May 31, 2022. It also accepted the resignation of Ramesh Agarwal from the post of Chief Financial Officer of the company.
Maruti Suzuki buys 12% stake in Sciograph Solutions. Maruti Suzuki India said it will acquire an equity stake of 12.09 percent in Sociograph Solutions Pvt Ltd (SSPL) for about Rs 2 crore. SSPL is an artificial intelligence (AI) software company that specialises in visual AI platforms predominantly used to help enterprises improve sales experiences and improve efficiency in their business.
ONGC starts selling gas from KG Basin block on Indian exchange. ONGC told exchanges that it has become the first explorer to trade natural gas produced from local fields on the Indian Gas Exchange. The gas was sold from ONGC's KG-DWN-98/2 in offshore Krishna Godavari Basin, it said without giving volume and price detail. ONGC also said that it will slowly raise the trading volume.
Zomato losses in the March quarter triple; revenue surges 75%. Zomato said its consolidated net loss for the quarter ended March widened to Rs 359.7 crore compared to Rs 134.2 crore in the corresponding quarter last year. Revenue from operations came in at Rs 1,211.8 crore, up 75.01 percent compared to Rs 692.4 crore a year ago. "We are aiming for accelerated growth along with further reduction in losses (and increasing profits in some time). We are clear on what our long term shareholders expect of us and we are working hard to deliver on both growth and profitability expectations," the company said.
Marico buys 54% stake in HW Wellness Solutions. Marico has announced a strategic investment in HW Wellness Solutions, owner of health food brand True Elements, with an acquisition of 54 percent equity stake. The firm said it is in all cash deal but did not disclose the acquisition amount. True Elements is in the healthy breakfast and snacks segments. Its portfolio includes oats, quinoa, muesli, granola, flakes and Indian breakfast including poha, upma and dosa among others.
Ramco Cement net profit fell 73% YoY in March quarter. Ramco Cements reported a 73 percent fall in standalone net profit after tax at Rs 124 crore for the quarter ended March compared with Rs 214 crore a year back, due to cost pressures and lower realisation. Revenue from operations for the quarter stood at Rs 1,698 crore compared to Rs,624 crore in the year-ago period, an increase of about 5 percent. Power and fuel costs shot up to Rs 467 crore compared to Rs248 crore, while finance costs more than doubled to Rs 33 crore from Rs 15 crore.
Bharat Electronics net profit for March quarter falls 16%. Bharat Electronics reported a 16 percent year-on-year drop in its net profit for the March quarter to Rs 1140 crore. Revenue for the quarter fell 9 percent from a year ago to Rs 6320 crore. According to a Bloomberg analysts poll, the firm expected to post a profit of Rs 1240 crore while revenue was expected at Rs 6370 crore. Total order book as on 1 April stood at Rs 57,570 crore.
Olectra Greentech gets an order worth Rs 3,675 crore. Olectra Greentech announced securing the biggest ever order in the history for 2,100 electric buses from Brihanmumbai Electric Supply and Transport (BEST). Evey Trans Private Ltd (EVEY), an arm of Olectra, has obtained the letter of award from BEST after being declared as an L1 (least quoted) bidder.
Rupa accepts CEO and CFO resignation. Rupa & Co said it accepted the resignation of Dinesh Kumar Lodha, from the post of Chief Executive Officer of the Company, effective from May 31, 2022. It also accepted the resignation of Ramesh Agarwal from the post of Chief Financial Officer of the company.
*Mkt. Updates :*
*SGX Nifty +35 pts (16200) from last trade 16165 ,*
Nikkei -160 pts ,
Hangseng -50 pts ,
Now @6.52am .
Dow +618.34 pts ,Nsdq +180.66 pts, S&P
+72.39 pts , Bovespa +1857 pts , Ftse +123 pts , Dax +193 pts , Cac +73 pts , Crude @ $109.58 brl (-0.57), Brent @ $112.86 brl (-0.56) , Gold @ 1851.50 (+3.70), Silver @ $21.71 (-0.13), Euro @ $1.0668, JPY @ $127.75, INR @ 77.515
*US GOVT. 10-YEAR YIELD : 2.84%*
*Today's Corporate Action, 24 May Ex Date :*
EVEXIA
Stock Split From Rs.2/- to Rs.1/-
KENNAMET
Interim Dividend - Rs. - 24.0000
*Today's Key Results/Board Meetings, 24-May-22 :*
Results on May 24: Grasim Industries, Adani Ports, JM Financials, Clariant Chemicals, Ugro Capital, Bank of India, EClerx, Ipca Lab, Inox Wind, Jyothi Lab. Metropolis, Minda Industry, MTAR Tech, NIIT, National Fertiliser, Rail Tel, Renuka Sugars, RITES, Strides Pharma Science, Zee Media.
*SEC. IN F&O BAN FOR, , 24-May 22*
*1. DELTACORP 2. GNFC 3. IBULHSGFIN*
*Today's Alert :*
*RBI to Conduct Auction of SDLS BONDS for INR 139 Billion*
*SGX Nifty +35 pts (16200) from last trade 16165 ,*
Nikkei -160 pts ,
Hangseng -50 pts ,
Now @6.52am .
Dow +618.34 pts ,Nsdq +180.66 pts, S&P
+72.39 pts , Bovespa +1857 pts , Ftse +123 pts , Dax +193 pts , Cac +73 pts , Crude @ $109.58 brl (-0.57), Brent @ $112.86 brl (-0.56) , Gold @ 1851.50 (+3.70), Silver @ $21.71 (-0.13), Euro @ $1.0668, JPY @ $127.75, INR @ 77.515
*US GOVT. 10-YEAR YIELD : 2.84%*
*Today's Corporate Action, 24 May Ex Date :*
EVEXIA
Stock Split From Rs.2/- to Rs.1/-
KENNAMET
Interim Dividend - Rs. - 24.0000
*Today's Key Results/Board Meetings, 24-May-22 :*
Results on May 24: Grasim Industries, Adani Ports, JM Financials, Clariant Chemicals, Ugro Capital, Bank of India, EClerx, Ipca Lab, Inox Wind, Jyothi Lab. Metropolis, Minda Industry, MTAR Tech, NIIT, National Fertiliser, Rail Tel, Renuka Sugars, RITES, Strides Pharma Science, Zee Media.
*SEC. IN F&O BAN FOR, , 24-May 22*
*1. DELTACORP 2. GNFC 3. IBULHSGFIN*
*Today's Alert :*
*RBI to Conduct Auction of SDLS BONDS for INR 139 Billion*
China Banks Cut Key Rate by Record to Boost Ailing Economy ….Positive for Metal stocks …. Tata Steel, Hindalco, Jindal Steel, JSW Steel, Nalco
· Expects positive for metal stocks on hope of improve demand after the People Bank of China Chinese cut five-year loan prime mortgage rate by 15bps from 4.60% to 4.45%.
· Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns.
The five-year loan prime rate, a reference for home mortgages, was lowered to 4.45% from 4.6%, according to a statement by the People’s Bank of China Friday.
· Tata Steel, Hindalco, Jindal Steel, JSW Steel, Nalco expected to positive.
· China’s plans to bolster growth as Covid outbreaks and lockdowns crush activity will see a whopping $5.3trillion pumped into its economy this year according by media report
· Expects positive for metal stocks on hope of improve demand after the People Bank of China Chinese cut five-year loan prime mortgage rate by 15bps from 4.60% to 4.45%.
· Chinese banks cut a key interest rate for long-term loans by a record amount, a move that would reduce mortgage costs and may help counter weak loan demand caused by a property slump and Covid lockdowns.
The five-year loan prime rate, a reference for home mortgages, was lowered to 4.45% from 4.6%, according to a statement by the People’s Bank of China Friday.
· Tata Steel, Hindalco, Jindal Steel, JSW Steel, Nalco expected to positive.
· China’s plans to bolster growth as Covid outbreaks and lockdowns crush activity will see a whopping $5.3trillion pumped into its economy this year according by media report
Economic Times
Ø Government mulls selling stakes in Hindustan Zinc Ltd, ITC; DIPAM begins talks
Ø Close to tying up Rs 20,000 crore to fight rivals: Vodafone Idea MD Ravinder Takkar
Ø SBI keen to sell stressed power, other loans
Ø Sebi lays down operating norms for debt index funds and ETFs
Ø P-Notes investment rises to Rs 90,580 cr in Apr
Ø Zomato Q4 Results: Net loss nearly triples to Rs 360 crore; revenue spikes 75%
Ø Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors
Ø 80-85% of Shyam Metalics exports not affected by steel duty hike: Brij B Agarwal
Ø China iron ore futures jump nearly 7% after India hikes export duties
Ø Tata Motors expects domestic PV industry to surpass FY19 volumes this fiscal
Ø SUD Life new business premium jumps 66% to Rs 1,926 crore in FY22
Ø Govt cuts excise duty on petrol by ₹8 per litre, diesel by ₹6
Business Standard
Ø HDFC Bank’s MSCI prospects light up as FPI holdings sink
Ø Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6
Ø SAIL Q4 net slips 29% to Rs 2,479 cr, firm declares dividend of Rs 2.25
Ø Serum Institute likely to launch cervical cancer vaccine in India in Nov
Ø RBI-constituted panel to review customer service standards in banks, NBFCs
Ø Expectation of rate hike in June 'a no-brainer', says RBI Governor
Ø WPI inflation hits 15.08% in Apr, in double-digits for 13th straight month
Ø IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr
Ø Cement prices may fall after excise duty cut on fuel, helping infra sector
Ø Macleods Pharma, TBO Tek, Suraj Estate Developers get Sebi's nod for IPOs
Financial Express
Ø FDI equity inflows marginally down at $58.77 bn in 2021-22: DPIIT data
Ø Jio, Airtel in position to buy pan-India spectrum, uncertainty on VIL bid: Report
Ø Sebi allows mutual funds to float passively managed equity-linked savings schemes
Ø ONGC becomes 1st gas producer to trade on IGX
Ø CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months
Ø Fundraising via IPOs declines 60% in January-March this year
Ø PMI To Set Up Its Largest Electric CV Manufacturing Plant In Pune
Ø Udaipur-based Sah Polymers files draft papers with Sebi for IPO
Ø Govt considers cotton export ban proposal to curb price increase
Ø Union Minister Piyush Goyal tells stakeholders to resolve cotton price issue
Ø PE inflows in real estate down 62 pc at USD 1.18 bn in March quarter
Ø Government mulls selling stakes in Hindustan Zinc Ltd, ITC; DIPAM begins talks
Ø Close to tying up Rs 20,000 crore to fight rivals: Vodafone Idea MD Ravinder Takkar
Ø SBI keen to sell stressed power, other loans
Ø Sebi lays down operating norms for debt index funds and ETFs
Ø P-Notes investment rises to Rs 90,580 cr in Apr
Ø Zomato Q4 Results: Net loss nearly triples to Rs 360 crore; revenue spikes 75%
Ø Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors
Ø 80-85% of Shyam Metalics exports not affected by steel duty hike: Brij B Agarwal
Ø China iron ore futures jump nearly 7% after India hikes export duties
Ø Tata Motors expects domestic PV industry to surpass FY19 volumes this fiscal
Ø SUD Life new business premium jumps 66% to Rs 1,926 crore in FY22
Ø Govt cuts excise duty on petrol by ₹8 per litre, diesel by ₹6
Business Standard
Ø HDFC Bank’s MSCI prospects light up as FPI holdings sink
Ø Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6
Ø SAIL Q4 net slips 29% to Rs 2,479 cr, firm declares dividend of Rs 2.25
Ø Serum Institute likely to launch cervical cancer vaccine in India in Nov
Ø RBI-constituted panel to review customer service standards in banks, NBFCs
Ø Expectation of rate hike in June 'a no-brainer', says RBI Governor
Ø WPI inflation hits 15.08% in Apr, in double-digits for 13th straight month
Ø IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr
Ø Cement prices may fall after excise duty cut on fuel, helping infra sector
Ø Macleods Pharma, TBO Tek, Suraj Estate Developers get Sebi's nod for IPOs
Financial Express
Ø FDI equity inflows marginally down at $58.77 bn in 2021-22: DPIIT data
Ø Jio, Airtel in position to buy pan-India spectrum, uncertainty on VIL bid: Report
Ø Sebi allows mutual funds to float passively managed equity-linked savings schemes
Ø ONGC becomes 1st gas producer to trade on IGX
Ø CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months
Ø Fundraising via IPOs declines 60% in January-March this year
Ø PMI To Set Up Its Largest Electric CV Manufacturing Plant In Pune
Ø Udaipur-based Sah Polymers files draft papers with Sebi for IPO
Ø Govt considers cotton export ban proposal to curb price increase
Ø Union Minister Piyush Goyal tells stakeholders to resolve cotton price issue
Ø PE inflows in real estate down 62 pc at USD 1.18 bn in March quarter
China Cabinet announces Car Tax Cut
https://news.cgtn.com/news/2022-05-23/China-to-take-concrete-measures-to-bring-economy-back-to-normal-1ahbhy7U5fq/index.html
China will also relax the purchase restrictions on automobiles and reduce some passenger car purchase taxes by 60 billion yuan in given periods as one of the measures to promote consumption.
China Auto Stocks rally 10-15%
Tata Motors' JLR gets nearly 30% sales from China
Q4 Conf Call Mgmt said they expect a big recovery in China JLR Sales
https://news.cgtn.com/news/2022-05-23/China-to-take-concrete-measures-to-bring-economy-back-to-normal-1ahbhy7U5fq/index.html
China will also relax the purchase restrictions on automobiles and reduce some passenger car purchase taxes by 60 billion yuan in given periods as one of the measures to promote consumption.
China Auto Stocks rally 10-15%
Tata Motors' JLR gets nearly 30% sales from China
Q4 Conf Call Mgmt said they expect a big recovery in China JLR Sales
CGTN
China to take concrete measures to bring economy back to normal
China will implement multiple concrete measures to support the economy, including more tax credit rebates, higher loan limits, stabilizing supply chain, and effective investment projects, according to a State Council statement released on Monday.
*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 24-05-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +571* 😊
*INDEX FUT. : -644*
*INDEX OPT. : -512*
*STOCK FUT. : +1778*
*STOCK OPT. : -51*
*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 24-MAY-22 : (Rs. CRS )*
*FIIS : SELL -2,393 (7,947-10,340)* 😢
*DIIS : BUY +1,948 (6,171-4,223)* 😄
*BSE SENSEX : -236 (54,052)🔽*
*NSE NIFTY : -89 (16,126)🔽*
*BSE MIDCAP. : -190 (22,260)*🔽
*BSE SMLCAP. : -298 (25,884)*🔽
*B. CRUDE : $ 113.78 (5pm)* ↔️ 😳
*GOLD: $1858=INR 51900(10gr)(5pm)*↔️😳
*SILVER :* *RS. 61,750 (kg) (5pm) 🔽 😩*
*FOREX : RS. : $ 77.5825* 🔽 😔
*6.54% GOI '32 : 7.3593%(94.40)* 🔽 🙂
*6.10% GOI '31 : 7.3751% (91.6250)* 🔽 🙂
*6.67% GOI '35 : 7.5383% (92.70)* 🔽 🙂
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +571* 😊
*INDEX FUT. : -644*
*INDEX OPT. : -512*
*STOCK FUT. : +1778*
*STOCK OPT. : -51*
*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 24-MAY-22 : (Rs. CRS )*
*FIIS : SELL -2,393 (7,947-10,340)* 😢
*DIIS : BUY +1,948 (6,171-4,223)* 😄
*BSE SENSEX : -236 (54,052)🔽*
*NSE NIFTY : -89 (16,126)🔽*
*BSE MIDCAP. : -190 (22,260)*🔽
*BSE SMLCAP. : -298 (25,884)*🔽
*B. CRUDE : $ 113.78 (5pm)* ↔️ 😳
*GOLD: $1858=INR 51900(10gr)(5pm)*↔️😳
*SILVER :* *RS. 61,750 (kg) (5pm) 🔽 😩*
*FOREX : RS. : $ 77.5825* 🔽 😔
*6.54% GOI '32 : 7.3593%(94.40)* 🔽 🙂
*6.10% GOI '31 : 7.3751% (91.6250)* 🔽 🙂
*6.67% GOI '35 : 7.5383% (92.70)* 🔽 🙂
Stocks in News
Grasim Industries posted a consolidated net profit of Rs 2,777 crore for the March quarter (Q4FY22), up 62 percent from the year-ago period. Revenue from operations surged 18 percent year-on-year (YoY) to Rs 28,811 crore against Rs 24,402 crore last year in the same quarter. The firm is planning to invest Rs 10,000 crore in the paints business in the next three years. The company spent Rs 2,437 crore on its capex spent in the fiscal year ending March this year. Of this, Grasim invested Rs 579 crore in the paints business alone.
Minda Industries said its net profit rose 3 percent to Rs 144 crore in the March quarter as against Rs 140 crore a year ago. Revenue rose 7.90 percent to Rs 2,415 crore. The firm said its board approved raising Rs 1,000 crore via debt. It also approved bonus shares of 1 new share for every 1 share held.
Brookfield India REIT said its board will meet on May 27 to consider fund raising. " Board to meet on May 27 to consider various fund raising options and approve the raising of funds and issue of units of Brookfield India Real Estate Trust, subject to applicable law and, in relation thereto, issue of notice to the unit holders of Brookfield India Real Estate Trust for approval of such fund raise, as applicable" the company said.
Future Retail informed exchanges that it won't be able to release its March quarter earnings on May 30 due to board structure imbalance amid multiple resignations by its top level managements. The firm said it is taking necessary actions to the fill the vacancies caused by such cessation/ resignation. The company said it will announce the captioned results as early as possible after composition of the Board of Directors and the Audit Committee is complied with the provisions of the Act and the Listing Regulations and statutorily capable to approve it.
Bank of India is planning to raise Rs 2,500 crore through eigher a follow on offer or a qualified institutional placement in the current financial year. The lender said it will lower government stake to 75 percent from current 81 percent.
Metropolis Healthcare reported 35 percent year-on-year drop in net profit to Rs 40 crore in the March quarter. Revenue for the quarter rose 5 percent from a year ago to Rs 306 crore. According to Bloomberg poll, the firm expected to report a profit of Rs 52.43 crore while revenue was pegged at Rs 335 crore during the quarter. Total cost rose 20 percent YoY to Rs 255 crore. Earlier according to news report, the firm was planning to raise more than $300 million and bring on a strategic partner by selling a major minority stake.
Ipca Laboratories said its board approved merging Tonira Exports Ltd. and Ramdev Chemical Pvt. Ltd., wholly owned subsidiaries with the Company, subject to necessary approvals. The firm earlier reported consolidated net profit that fell 19.3 percent YoY to Rs 130.23 crore. Revenue rose 15.6 percent from a year ago to Rs 1,289.10 crore in the quarter.
Indian Hotels said its board reappointed managing director and chief executive officer Puneet Chhatwal for further term of five years commencing from November 6, 2022 up to November 5, 2027 (both days inclusive).
Grasim Industries posted a consolidated net profit of Rs 2,777 crore for the March quarter (Q4FY22), up 62 percent from the year-ago period. Revenue from operations surged 18 percent year-on-year (YoY) to Rs 28,811 crore against Rs 24,402 crore last year in the same quarter. The firm is planning to invest Rs 10,000 crore in the paints business in the next three years. The company spent Rs 2,437 crore on its capex spent in the fiscal year ending March this year. Of this, Grasim invested Rs 579 crore in the paints business alone.
Minda Industries said its net profit rose 3 percent to Rs 144 crore in the March quarter as against Rs 140 crore a year ago. Revenue rose 7.90 percent to Rs 2,415 crore. The firm said its board approved raising Rs 1,000 crore via debt. It also approved bonus shares of 1 new share for every 1 share held.
Brookfield India REIT said its board will meet on May 27 to consider fund raising. " Board to meet on May 27 to consider various fund raising options and approve the raising of funds and issue of units of Brookfield India Real Estate Trust, subject to applicable law and, in relation thereto, issue of notice to the unit holders of Brookfield India Real Estate Trust for approval of such fund raise, as applicable" the company said.
Future Retail informed exchanges that it won't be able to release its March quarter earnings on May 30 due to board structure imbalance amid multiple resignations by its top level managements. The firm said it is taking necessary actions to the fill the vacancies caused by such cessation/ resignation. The company said it will announce the captioned results as early as possible after composition of the Board of Directors and the Audit Committee is complied with the provisions of the Act and the Listing Regulations and statutorily capable to approve it.
Bank of India is planning to raise Rs 2,500 crore through eigher a follow on offer or a qualified institutional placement in the current financial year. The lender said it will lower government stake to 75 percent from current 81 percent.
Metropolis Healthcare reported 35 percent year-on-year drop in net profit to Rs 40 crore in the March quarter. Revenue for the quarter rose 5 percent from a year ago to Rs 306 crore. According to Bloomberg poll, the firm expected to report a profit of Rs 52.43 crore while revenue was pegged at Rs 335 crore during the quarter. Total cost rose 20 percent YoY to Rs 255 crore. Earlier according to news report, the firm was planning to raise more than $300 million and bring on a strategic partner by selling a major minority stake.
Ipca Laboratories said its board approved merging Tonira Exports Ltd. and Ramdev Chemical Pvt. Ltd., wholly owned subsidiaries with the Company, subject to necessary approvals. The firm earlier reported consolidated net profit that fell 19.3 percent YoY to Rs 130.23 crore. Revenue rose 15.6 percent from a year ago to Rs 1,289.10 crore in the quarter.
Indian Hotels said its board reappointed managing director and chief executive officer Puneet Chhatwal for further term of five years commencing from November 6, 2022 up to November 5, 2027 (both days inclusive).
Namaste !!
• Biden, Modi Discuss Efforts to Curb Rise in Food, Energy Prices
• Japan, India Agree to Strengthen Security, Defense Cooperation
• Etihad CEO Says India Sales Higher, Optimistic on China Rebound
• Gainers From $110 Oil to Also Pay Economic Price: India Minister
• India Coal Output Rises 36.2% Y/y to 34M Tons in May First Half
• Indian Refiners Maintain Full Capacity on Demand, Tight Supply
• India Mulls Tax Cut on Soybean and Sunflower Oil to Cool Prices
• India to Limit Sugar Exports in Risk to Global Food Prices
• Sugar Gains on India Export Curb Plan, Focus Now Turns to Brazil
• Malaysia Rules Out Curbs on Cooking Oil Exports, Minister Says
• India’s SEBI Asks Ex-NSE CEO Ramkrishna to Pay Off Penalty
• SoftBank-Backed Oyo Is Said to Shelve Plans for IPO in 2022
• Coal India to Report Results; Shares up 25.7% YTD: Preview
• Global Funds Sell Net INR23.9B of India Stocks Tuesday: NSE
o Domestic funds buy net 19.5b rupees of stocks
• Foreign Investors Sell Net INR12.85B of India Equities on Monday
• Balrampur Chini (BRCM): 4Q Net Income 2.4B Rupees Vs. 2.36B Rupees Y/y
• Bank of Baroda (BOB): to consider revision in dividend of 2021-22 on May 31
• Bank of India (BOI): To Raise Funds Via QIP or FPO in FY23
• Brookfield India REIT (BIRET): To consider fund raising option on May 27
• Eveready Industries (EVRIN): Open offer to begin June 3, close June 16
• Grasim (GRASIM): 4Q Net Income 10.7b rupees vs. 4.8b y/y, beats est. 4.87b; 4Q includes tax gains of INR4.1b
• Ipca Laboratories (IPCA): To merge two units with itself
• Metropolis Health 4Q Net Income -35% Y/y to 399.8m rupees, estimate 524.3 mil Misses Estimates
• Minda Ind (MNDA): 4Q Net Income +2.6% Y/y to 1.44b rupees, beats est. misses 1.12b; To give 1 free share for each held
• SIS Ltd. (SECIS): To take full control of unit Terminix SIS India
• Titagarh Wagons (TWL): Gets $1B Order From Indian Railways
• Biden, Modi Discuss Efforts to Curb Rise in Food, Energy Prices
• Japan, India Agree to Strengthen Security, Defense Cooperation
• Etihad CEO Says India Sales Higher, Optimistic on China Rebound
• Gainers From $110 Oil to Also Pay Economic Price: India Minister
• India Coal Output Rises 36.2% Y/y to 34M Tons in May First Half
• Indian Refiners Maintain Full Capacity on Demand, Tight Supply
• India Mulls Tax Cut on Soybean and Sunflower Oil to Cool Prices
• India to Limit Sugar Exports in Risk to Global Food Prices
• Sugar Gains on India Export Curb Plan, Focus Now Turns to Brazil
• Malaysia Rules Out Curbs on Cooking Oil Exports, Minister Says
• India’s SEBI Asks Ex-NSE CEO Ramkrishna to Pay Off Penalty
• SoftBank-Backed Oyo Is Said to Shelve Plans for IPO in 2022
• Coal India to Report Results; Shares up 25.7% YTD: Preview
• Global Funds Sell Net INR23.9B of India Stocks Tuesday: NSE
o Domestic funds buy net 19.5b rupees of stocks
• Foreign Investors Sell Net INR12.85B of India Equities on Monday
• Balrampur Chini (BRCM): 4Q Net Income 2.4B Rupees Vs. 2.36B Rupees Y/y
• Bank of Baroda (BOB): to consider revision in dividend of 2021-22 on May 31
• Bank of India (BOI): To Raise Funds Via QIP or FPO in FY23
• Brookfield India REIT (BIRET): To consider fund raising option on May 27
• Eveready Industries (EVRIN): Open offer to begin June 3, close June 16
• Grasim (GRASIM): 4Q Net Income 10.7b rupees vs. 4.8b y/y, beats est. 4.87b; 4Q includes tax gains of INR4.1b
• Ipca Laboratories (IPCA): To merge two units with itself
• Metropolis Health 4Q Net Income -35% Y/y to 399.8m rupees, estimate 524.3 mil Misses Estimates
• Minda Ind (MNDA): 4Q Net Income +2.6% Y/y to 1.44b rupees, beats est. misses 1.12b; To give 1 free share for each held
• SIS Ltd. (SECIS): To take full control of unit Terminix SIS India
• Titagarh Wagons (TWL): Gets $1B Order From Indian Railways
Mkt. Updates :
SGX Nifty +30 pts (16155) from last trade 16123 ,
Nikkei -50 pts ,
Hangseng +3 pts ,
Now @6.55am .
Dow +48.38 pts ,Nsdq -270.83 pts, S&P
-32.27 pts , Bovespa +234 pts , Ftse -29 pts , Dax -255 pts , Cac -105 pts , Crude @ $110.53 brl (-0.76), Brent @ $114.13 brl (+0.57) , Gold @ 1864.70 (-0.70), Silver @ $22.09 (+0.02), Euro @ $1.0722, JPY @ $126.93, INR @ 77.475
🔹US GOVT. 10-YEAR YIELD : 2.76%
Today's Corporate Action, 25 May Ex Date :
BIRET
Income Distribution RITES
GRMOVER
Interim Dividend - Rs. - 0.2500
INDIGRID
Income Distribution (InvIT)
QGO
Interim Dividend - Rs. - 0.1000
SBIN
Dividend - Rs. - 7.1000
TCS
Final Dividend - Rs. - 22.0000
Today's Key Results/Board Meetings, 25-May-22 :
BPCL, Coal India, Deepak Fertilisers, Apollo Hospitals Enterprises, HEG, NHPC, Easy Trip Planners, Fortis Healthcare, NALCO, GMM Pfaudler, InterGlobe Aviation, Jai Corp, Kolte-Patil Developers, Bata India, PFC, Suzlon Energy, Torrent Pharma, Whirlpool, MSTC, MOIL and Peninsula Land will be in focus ahead of their March quarter earnings on May 25.
SEC. IN F&O BAN FOR, 25 MAY, 2022 :
1. IBULHSGFIN
ADDITION : NIL
DELETION : DELTACORP, GNFC
SGX Nifty +30 pts (16155) from last trade 16123 ,
Nikkei -50 pts ,
Hangseng +3 pts ,
Now @6.55am .
Dow +48.38 pts ,Nsdq -270.83 pts, S&P
-32.27 pts , Bovespa +234 pts , Ftse -29 pts , Dax -255 pts , Cac -105 pts , Crude @ $110.53 brl (-0.76), Brent @ $114.13 brl (+0.57) , Gold @ 1864.70 (-0.70), Silver @ $22.09 (+0.02), Euro @ $1.0722, JPY @ $126.93, INR @ 77.475
🔹US GOVT. 10-YEAR YIELD : 2.76%
Today's Corporate Action, 25 May Ex Date :
BIRET
Income Distribution RITES
GRMOVER
Interim Dividend - Rs. - 0.2500
INDIGRID
Income Distribution (InvIT)
QGO
Interim Dividend - Rs. - 0.1000
SBIN
Dividend - Rs. - 7.1000
TCS
Final Dividend - Rs. - 22.0000
Today's Key Results/Board Meetings, 25-May-22 :
BPCL, Coal India, Deepak Fertilisers, Apollo Hospitals Enterprises, HEG, NHPC, Easy Trip Planners, Fortis Healthcare, NALCO, GMM Pfaudler, InterGlobe Aviation, Jai Corp, Kolte-Patil Developers, Bata India, PFC, Suzlon Energy, Torrent Pharma, Whirlpool, MSTC, MOIL and Peninsula Land will be in focus ahead of their March quarter earnings on May 25.
SEC. IN F&O BAN FOR, 25 MAY, 2022 :
1. IBULHSGFIN
ADDITION : NIL
DELETION : DELTACORP, GNFC
FIIs have withdrawn 3.25 lakh crores in the last 8 months, this is equal to all the money that came in India in last 10 years in the secondary market.
FIIs have put in 1 lakh crores in the primary market in the same time frame. FIIs stake is down from 22.5% to below 20%.
More than 50% of the companies in NASDAQ has corrected by more than 50% in the last 8 months,
More than 30% of the companies in Indian Broader index has corrected more than 50% in the last 1 year.
Source: Madhusudan Kela Interview with CNBC TV-18
#alliesfin
TELEGRAM @ALLIESFIN
OTHER WAY OUT INDEX DIGESTED ALL SUCH PROFIT BOOKING FROM FII IN JUST 15% TO 20% DIFFERENCE FROM THE TOP. THIS IS +VE 💫
FIIs have put in 1 lakh crores in the primary market in the same time frame. FIIs stake is down from 22.5% to below 20%.
More than 50% of the companies in NASDAQ has corrected by more than 50% in the last 8 months,
More than 30% of the companies in Indian Broader index has corrected more than 50% in the last 1 year.
Source: Madhusudan Kela Interview with CNBC TV-18
#alliesfin
TELEGRAM @ALLIESFIN
OTHER WAY OUT INDEX DIGESTED ALL SUCH PROFIT BOOKING FROM FII IN JUST 15% TO 20% DIFFERENCE FROM THE TOP. THIS IS +VE 💫
👍1
MAY 23 DATA @ALLIESFIN
I.T STOCKS AND PROFIT BOOKING ✨
I.T STOCKS AND PROFIT BOOKING ✨
Note: #alliesfin
Are we in one of the slowest Nifty bear markets in the last 30 years?
The Nifty’s 15% decline in the ongoing correction has yet to qualify as a bear market. However, its seven-month duration has already made it the seventh longest decline of the 19 corrections of over 10% we have seen in the Nifty over the past 30 years. In the six previous longer declines, the lows in the first seven months equated to a median of two-thirds of the eventual price damage. Overlaying this would give a target of 14.5k for the Nifty, ie. a 21% fall from the top with the 12-month forward PE falling near its average of c.16x. So far, this is also a rare instance when the Nifty has clearly outperformed EM and not underperformed the US during a decline.
Are we in one of the slowest Nifty bear markets in the last 30 years?
The Nifty’s 15% decline in the ongoing correction has yet to qualify as a bear market. However, its seven-month duration has already made it the seventh longest decline of the 19 corrections of over 10% we have seen in the Nifty over the past 30 years. In the six previous longer declines, the lows in the first seven months equated to a median of two-thirds of the eventual price damage. Overlaying this would give a target of 14.5k for the Nifty, ie. a 21% fall from the top with the 12-month forward PE falling near its average of c.16x. So far, this is also a rare instance when the Nifty has clearly outperformed EM and not underperformed the US during a decline.