Business News Headlines
Economic Times
Ø Powell says Fed could hike rates by 0.75 again in July
Ø NBFC-MFIs gear up to raise equity as growth prospects return
Ø FPIs more bearish on equities than during first Covid jolt
Ø Hero MotoCorp-backed EV maker Ather Energy in talks with state govts to set up third manufacturing plant
Ø Fitch revises rating outlook on 9 banks
Ø India's diesel sales rise 48% in first two weeks of June
Ø Jio-bp to power Zomato's 100% electric vehicle fleet
Ø JSW Steel crude steel production in May jumps 31 per cent
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø Metropolis is gearing up to serve a larger segment of consumers: Ameera Shah, MD
Ø IPL media rights: BCCI takes home record Rs 48,390 crore
Ø Bullish on Indian market, "absolutely" compliant with local laws: Amazon India senior exec
Business Standard
Ø France's Airbus close to clinching Air India deal for 50 A350 aircraft
Ø Expect telcos to buy spectrum worth Rs 1 trn-Rs 1.1 trn in 5G auction: Icra
Ø Fitch revises outlook on domestic lenders to 'Stable', affirms IDRs
Ø Sugar mills foresee output spike, want 8 mn tonne OGL exports next season
Ø Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah
Ø Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
Ø Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform
Ø Tata Steel unveils 7 mn pound green investment plan for UK steel tube mill
Ø Irdai working group recommends relaxing investment norms for insurers
Ø COAI names Reliance Jio's Pramod Mittal as Chairperson for 2022-23
Financial Express
Ø Viacom18 invests in digital with IPL
Ø PhonePe prepping for IPO, seeks valuation of $8-10 billion
Ø New tea marketing trends disrupt auction centre operations
Ø Yes Bank seeks shareholders’ nod for raising up to Rs 10,000 crore debt capital
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Schneider Electric revamps IT partner programme for SME partners to hone skills, co-develop solutions, more
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi
Ø Realtors worry more about input price increase than interest rates
Economic Times
Ø Powell says Fed could hike rates by 0.75 again in July
Ø NBFC-MFIs gear up to raise equity as growth prospects return
Ø FPIs more bearish on equities than during first Covid jolt
Ø Hero MotoCorp-backed EV maker Ather Energy in talks with state govts to set up third manufacturing plant
Ø Fitch revises rating outlook on 9 banks
Ø India's diesel sales rise 48% in first two weeks of June
Ø Jio-bp to power Zomato's 100% electric vehicle fleet
Ø JSW Steel crude steel production in May jumps 31 per cent
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø Metropolis is gearing up to serve a larger segment of consumers: Ameera Shah, MD
Ø IPL media rights: BCCI takes home record Rs 48,390 crore
Ø Bullish on Indian market, "absolutely" compliant with local laws: Amazon India senior exec
Business Standard
Ø France's Airbus close to clinching Air India deal for 50 A350 aircraft
Ø Expect telcos to buy spectrum worth Rs 1 trn-Rs 1.1 trn in 5G auction: Icra
Ø Fitch revises outlook on domestic lenders to 'Stable', affirms IDRs
Ø Sugar mills foresee output spike, want 8 mn tonne OGL exports next season
Ø Lots of interest in Metropolis, but we want a strategic fit: MD Ameera Shah
Ø Indian Hotels' Taj ranked world's strongest hotel brand by Brand Finance
Ø Ashok Leyland arm Switch Mobility to raise $300 mn, unveils e-bus platform
Ø Tata Steel unveils 7 mn pound green investment plan for UK steel tube mill
Ø Irdai working group recommends relaxing investment norms for insurers
Ø COAI names Reliance Jio's Pramod Mittal as Chairperson for 2022-23
Financial Express
Ø Viacom18 invests in digital with IPL
Ø PhonePe prepping for IPO, seeks valuation of $8-10 billion
Ø New tea marketing trends disrupt auction centre operations
Ø Yes Bank seeks shareholders’ nod for raising up to Rs 10,000 crore debt capital
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Schneider Electric revamps IT partner programme for SME partners to hone skills, co-develop solutions, more
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Capital Small Finance Bank pays Rs 5.8 lakh to settle case with Sebi
Ø Realtors worry more about input price increase than interest rates
🌹India Daybook – Stocks in News
Jyothy Labs: Nalanda India Equity Fund bought 6.55 lakh equity shares in the company via open market transactions (Positive)
Voltamp Transformers: HDFC Mutual Fund through its several funds acquired 50,000 equity shares in the company (Positive)
NBCC: The company has secured total business of Rs 330.35 crore during May 2022. (Positive)
Tata Power: Says Tata Power Solar commissions 66mw EPC project for vibrant energy (Positive)
ONGC: Fitch Ratings revises company’'s rating outlook to stable from negative (Positive)
Axis Bank: Fitch Ratings revises bank’'s rating outlook to stable from negative on the Long-Term Issuer Default Ratings of the Bank. (Positive)
*Rama Steel Tubes: Nomura Singapore bought one lakh equity shares in the company via open market transactions (Positive)
KBC Global: E Waste Recycling acquired 1.3 crore shares, Wealth 4 U Hospitality Consultancy bought 1.32 crore shares (Positive)
UPL: UPL through its subsidiary USCL has acquired Kudos Chemie for Rs 40 crore. (Neutral)
Indian Overseas Bank: The public sector lender said the board has approved the capital plan for FY23. (Neutral)
Reliance Industries: Jio-BP in pact to provide EV mobility services to Zomato (Neutral)
State Bank of India: Raises minimum home loan interest rate to 7.55% from June 15 (Neutral)
Usha Martin: Promoter entities Peterhouse Investments Ltd and PACs have sold 63,000 equity shares in the company.
Jyothy Labs: Nalanda India Equity Fund bought 6.55 lakh equity shares in the company via open market transactions (Positive)
Voltamp Transformers: HDFC Mutual Fund through its several funds acquired 50,000 equity shares in the company (Positive)
NBCC: The company has secured total business of Rs 330.35 crore during May 2022. (Positive)
Tata Power: Says Tata Power Solar commissions 66mw EPC project for vibrant energy (Positive)
ONGC: Fitch Ratings revises company’'s rating outlook to stable from negative (Positive)
Axis Bank: Fitch Ratings revises bank’'s rating outlook to stable from negative on the Long-Term Issuer Default Ratings of the Bank. (Positive)
*Rama Steel Tubes: Nomura Singapore bought one lakh equity shares in the company via open market transactions (Positive)
KBC Global: E Waste Recycling acquired 1.3 crore shares, Wealth 4 U Hospitality Consultancy bought 1.32 crore shares (Positive)
UPL: UPL through its subsidiary USCL has acquired Kudos Chemie for Rs 40 crore. (Neutral)
Indian Overseas Bank: The public sector lender said the board has approved the capital plan for FY23. (Neutral)
Reliance Industries: Jio-BP in pact to provide EV mobility services to Zomato (Neutral)
State Bank of India: Raises minimum home loan interest rate to 7.55% from June 15 (Neutral)
Usha Martin: Promoter entities Peterhouse Investments Ltd and PACs have sold 63,000 equity shares in the company.
Market Update - 16th June 2022
Global Market
Stocks and bonds in Asia gained after U.S. Federal Reserve raised rates by 75bps, but indicated that rate hikes of similar magnitude will be unlikely, going forward.
Equities in Japan, South Korea and Australia advanced after U.S. markets snapped a five-day, 10% rout in the S&P 500. US contracts climbed almost 1%
Bonds in Australia and New Zealand rose. A dollar gauge and the yen slipped, while risk-sensitive currencies like Australia’s dollar advanced. As of 6:30 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--was 0.84% higher at 15,802 points.
Cryptocurrencies staged a recovery while crude oil pushed higher and gold held a rally.
Indian ADR Check
· ICICI Bank +1.83%
· HDFC Bank +0.28%
· Tata Motors +3.16%
· WIPRO -0.53%
· Infosys +0.27%
· Dr Reddy's +1.48%
Stocks To Watch
UPL: National Company Law Tribunal approved the company’s resolution plan for revival of Kudos Chemie. Company’s newly incorporated wholly owned subsidiary UPL Speciality Chemicals has acquired Kudos Chemie for Rs 40 crore.
SBI: The bank increased minimum interest rate for home loan to 7.55%.
Zomato: Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’s battery swapping stations.
Tata Steel: Wholly owned subsidiary of the company, Tata Steel Mining has acquired 10% stake in equity stake in Rohit Ferro-Tech for Rs 20.06 crore. RFT will become a wholly owned subsidiary of TSML. Tata Steel invested the same amount in TSML through rights basis.
Equitas Small Finance Bank: RBI approved Managing Director and Chief Executive Officer Vasudevan PN’s reappointment for a year effective from July 23.
NBCC: The company secured total business of Rs 330.35 crore during the month of May.
Indian Overseas Bank: The bank approved issue of equity shares of Rs 1,000 crore via Follow on Public Offer/Rights Issue with or without participation from government of India/issue of equity shares to Qualified Institutional Buyers/issue of shares to employees/issue of shares on preferential basis to LIC and other insurance companies/mutual funds. It also approved raising Tier II capital upto Rs 1,000 Crore.
Pledged Shares Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 10 lakh shares on June 13.
GATI: Promoter Mahendra Kumar Agarwal invoked a pledge of 1.2 lakh shares on June 13.
Insider Trades
Mukand: Promoter Group Bachhraj Factories bought 13,473 shares between June 9 and June 14.
Confidence Petroleum India: Promoter Group Essenn LPG Bottling bought 1 lakh shares on June 13.
KEC International: Promoter Group Summit Securities bought 4,000 shares on June 13. Promoter Group Instant Holdings bought 13,776 shares between June 13 and June 14.
Jagran Prakashan: Promoter & Director Dhirendra Mohan Gupta bought 8,000 shares on June 13.
Block Deals
NXTDigital: Hinduja Reality Ventures bought 8.13 lakh (2.41%) shares at Rs 357.25 apiece. Aasia Exports sold 8.13 lakh (2.41%) shares at Rs 357.25 apiece.
Trading Tweaks
Record Date Dividend: Canara Bank, Newgen Software Technologies, KEC International
Record Date Annual General Meeting: Newgen Software Technologies
Ex-Date Dividend: Cigniti Technologies, Apollo Tyres, Xpro India, Galactico Corporate Services
Ex-Date Annual General Meeting: UCO Bank, Cigniti Technologies, Apollo Tyres, Xpro India
Ex-Date Bonus: Cosmo Films
Move Out Of ASM-Framework: Elecon Engineering Company, Mangalore Chemicals & Fertilizers, Monte Carlo Fashions
Money Market Update
The rupee ended at Rs 78.07 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 77.99
F&O Cues
Nifty June futures ended at 15,701 a premium of 8.85 points.
Nifty June futures shed 1.98% and 4,250 shares in Open Interest.
Nifty Bank June futures ended at 33,400, a premium of 61 points.
Nifty Bank June futures shed 4.14% and 4,508 shares in Open Interest.
Global Market
Stocks and bonds in Asia gained after U.S. Federal Reserve raised rates by 75bps, but indicated that rate hikes of similar magnitude will be unlikely, going forward.
Equities in Japan, South Korea and Australia advanced after U.S. markets snapped a five-day, 10% rout in the S&P 500. US contracts climbed almost 1%
Bonds in Australia and New Zealand rose. A dollar gauge and the yen slipped, while risk-sensitive currencies like Australia’s dollar advanced. As of 6:30 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--was 0.84% higher at 15,802 points.
Cryptocurrencies staged a recovery while crude oil pushed higher and gold held a rally.
Indian ADR Check
· ICICI Bank +1.83%
· HDFC Bank +0.28%
· Tata Motors +3.16%
· WIPRO -0.53%
· Infosys +0.27%
· Dr Reddy's +1.48%
Stocks To Watch
UPL: National Company Law Tribunal approved the company’s resolution plan for revival of Kudos Chemie. Company’s newly incorporated wholly owned subsidiary UPL Speciality Chemicals has acquired Kudos Chemie for Rs 40 crore.
SBI: The bank increased minimum interest rate for home loan to 7.55%.
Zomato: Jio-bp will provide EV mobility services to Zomato along with access to ‘Jio-bp pulse’s battery swapping stations.
Tata Steel: Wholly owned subsidiary of the company, Tata Steel Mining has acquired 10% stake in equity stake in Rohit Ferro-Tech for Rs 20.06 crore. RFT will become a wholly owned subsidiary of TSML. Tata Steel invested the same amount in TSML through rights basis.
Equitas Small Finance Bank: RBI approved Managing Director and Chief Executive Officer Vasudevan PN’s reappointment for a year effective from July 23.
NBCC: The company secured total business of Rs 330.35 crore during the month of May.
Indian Overseas Bank: The bank approved issue of equity shares of Rs 1,000 crore via Follow on Public Offer/Rights Issue with or without participation from government of India/issue of equity shares to Qualified Institutional Buyers/issue of shares to employees/issue of shares on preferential basis to LIC and other insurance companies/mutual funds. It also approved raising Tier II capital upto Rs 1,000 Crore.
Pledged Shares Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 10 lakh shares on June 13.
GATI: Promoter Mahendra Kumar Agarwal invoked a pledge of 1.2 lakh shares on June 13.
Insider Trades
Mukand: Promoter Group Bachhraj Factories bought 13,473 shares between June 9 and June 14.
Confidence Petroleum India: Promoter Group Essenn LPG Bottling bought 1 lakh shares on June 13.
KEC International: Promoter Group Summit Securities bought 4,000 shares on June 13. Promoter Group Instant Holdings bought 13,776 shares between June 13 and June 14.
Jagran Prakashan: Promoter & Director Dhirendra Mohan Gupta bought 8,000 shares on June 13.
Block Deals
NXTDigital: Hinduja Reality Ventures bought 8.13 lakh (2.41%) shares at Rs 357.25 apiece. Aasia Exports sold 8.13 lakh (2.41%) shares at Rs 357.25 apiece.
Trading Tweaks
Record Date Dividend: Canara Bank, Newgen Software Technologies, KEC International
Record Date Annual General Meeting: Newgen Software Technologies
Ex-Date Dividend: Cigniti Technologies, Apollo Tyres, Xpro India, Galactico Corporate Services
Ex-Date Annual General Meeting: UCO Bank, Cigniti Technologies, Apollo Tyres, Xpro India
Ex-Date Bonus: Cosmo Films
Move Out Of ASM-Framework: Elecon Engineering Company, Mangalore Chemicals & Fertilizers, Monte Carlo Fashions
Money Market Update
The rupee ended at Rs 78.07 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 77.99
F&O Cues
Nifty June futures ended at 15,701 a premium of 8.85 points.
Nifty June futures shed 1.98% and 4,250 shares in Open Interest.
Nifty Bank June futures ended at 33,400, a premium of 61 points.
Nifty Bank June futures shed 4.14% and 4,508 shares in Open Interest.
Securities in the ban list: Delta Corp, RBL Bank, Indiabulls Housing Finance.
Source: Bloomberg Quint
Source: Bloomberg Quint
"Decline in stocks is not a surprising event. It recurs. If you live in cold climate, you expect freezing temperatures and when it drops below zero you don't think of this as the next ice age. You know summer will be warm again. Stocks do the same." - Peter Lynch
*Instl. Investors EQUITY Cash Trades PROV. - 16/06/2022 : Rs. CRS. :*
*FIIS : SELL -3,257 (4,574-7,831)*
*DIIS : BUY +1,929 (6,604-4,675)*
*FIIS : SELL -3,257 (4,574-7,831)*
*DIIS : BUY +1,929 (6,604-4,675)*
*Market Update*
SGX Nifty -11 pts
Sgx Nifty 15328 (15339 Nifty Fut Clsd)
Dow -741.46 pts ,Nsdq -453.06 pts, S&P
-123.22 pts , Bovespa Clsd , Ftse -228 pts , Dax -446 pts , Cac -143 pts , Nikkei -581 pts now , Crude @ $116.67 brl (-0.92), Brent @ $118.98 brl (-0.83) , Gold @ 1848.70 (-1.20), Silver @ $21.745 (-0.14), Euro @ $1.0536, JPY @ $133.21, INR @ 77.9486
*Today's Corporate Action*
*17th June Ex Date*
AVANTEL
Bonus issue 3:1
BANKBARODA
Dividend - Rs. - 2.8500
DIAMINESQ
Final Dividend - Rs. - 3.0000
KKALPANAIND
E.G.M.
MOL
Final Dividend - Rs. - 1.4000
MPSLTD
Final Dividend - Rs. - 30.0000
PLASTIBLEN
Dividend - Rs. - 4.0000
*Today's Key Results/Board Meetings*
*17-Jun-22*
AANANDALAK
General
SHESHAINDS
General
STARHFL
General;Preferential Issue of shares
SUPREMEINF
Audited Results;General
SURYVANSP
General
VEGETABLE
General;Preferential Issue of shares
*Stock under F&O ban on NSE*
*17-Jun-22*
1DELTACORP
2IBULHSGFIN
3RBLBANK
SGX Nifty -11 pts
Sgx Nifty 15328 (15339 Nifty Fut Clsd)
Dow -741.46 pts ,Nsdq -453.06 pts, S&P
-123.22 pts , Bovespa Clsd , Ftse -228 pts , Dax -446 pts , Cac -143 pts , Nikkei -581 pts now , Crude @ $116.67 brl (-0.92), Brent @ $118.98 brl (-0.83) , Gold @ 1848.70 (-1.20), Silver @ $21.745 (-0.14), Euro @ $1.0536, JPY @ $133.21, INR @ 77.9486
*Today's Corporate Action*
*17th June Ex Date*
AVANTEL
Bonus issue 3:1
BANKBARODA
Dividend - Rs. - 2.8500
DIAMINESQ
Final Dividend - Rs. - 3.0000
KKALPANAIND
E.G.M.
MOL
Final Dividend - Rs. - 1.4000
MPSLTD
Final Dividend - Rs. - 30.0000
PLASTIBLEN
Dividend - Rs. - 4.0000
*Today's Key Results/Board Meetings*
*17-Jun-22*
AANANDALAK
General
SHESHAINDS
General
STARHFL
General;Preferential Issue of shares
SUPREMEINF
Audited Results;General
SURYVANSP
General
VEGETABLE
General;Preferential Issue of shares
*Stock under F&O ban on NSE*
*17-Jun-22*
1DELTACORP
2IBULHSGFIN
3RBLBANK
Business News Headlines🇮🇳
Economic Times :
Ø Tech Mahindra CFO on top 3 growth drivers and roadmap for Metaverse
Ø Air India plans to procure Airbus A350 aircraft
Ø Sanjiv Mehta on navigating inflation, shrinkflation and how HUL believes in the India story
Ø Burmans acquired 14.3% stake in Eveready Industries via open offer
Ø FPI outflow tops Rs 2 lakh crore, over double of 2018 high
Ø HDFC to sell four large stressed accounts before merger
Ø Majority of Ford India's workers continue protest, some resume duty
Ø Lockdown in China may have an adverse impact on sales outlook in FY23: Tata Motors
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø PNB stops 0.75 per cent incentive on fuel purchases via digital modes
Ø RBI lifts business restrictions on Mastercard
Ø RBI raises limit of e-mandates for transactions up to Rs 15,000
Business Standard :
Ø At Rs 42,679 crore, advance tax collection up 48% in April-June quarter
Ø India joins global league after allowing private captive telecom networks
Ø Reliance Industries in focus as benchmark refining margin inches up
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23
Ø 'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT
Ø UBS expects retail flows into equity markets to slow amid rising rates
Ø IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP
Ø Irdai working group recommends relaxing investment norms for insurers
Ø Indian private equity investments reach $70 bn in 2,000 deals in 2021
Financial Express :
Ø PhonePe says not planning IPO right now
Ø ATF prices hiked by 16%; touch new record
Ø MF unitholders will have choice of providing nomination or opting out
Ø First tranche of 2022-23 gold bonds to open for subscription on Jun 20
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Icra revises outlook on steel sector to stable from positive
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Realtors worry more about input price increase than interest rates
Economic Times :
Ø Tech Mahindra CFO on top 3 growth drivers and roadmap for Metaverse
Ø Air India plans to procure Airbus A350 aircraft
Ø Sanjiv Mehta on navigating inflation, shrinkflation and how HUL believes in the India story
Ø Burmans acquired 14.3% stake in Eveready Industries via open offer
Ø FPI outflow tops Rs 2 lakh crore, over double of 2018 high
Ø HDFC to sell four large stressed accounts before merger
Ø Majority of Ford India's workers continue protest, some resume duty
Ø Lockdown in China may have an adverse impact on sales outlook in FY23: Tata Motors
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø PNB stops 0.75 per cent incentive on fuel purchases via digital modes
Ø RBI lifts business restrictions on Mastercard
Ø RBI raises limit of e-mandates for transactions up to Rs 15,000
Business Standard :
Ø At Rs 42,679 crore, advance tax collection up 48% in April-June quarter
Ø India joins global league after allowing private captive telecom networks
Ø Reliance Industries in focus as benchmark refining margin inches up
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23
Ø 'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT
Ø UBS expects retail flows into equity markets to slow amid rising rates
Ø IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP
Ø Irdai working group recommends relaxing investment norms for insurers
Ø Indian private equity investments reach $70 bn in 2,000 deals in 2021
Financial Express :
Ø PhonePe says not planning IPO right now
Ø ATF prices hiked by 16%; touch new record
Ø MF unitholders will have choice of providing nomination or opting out
Ø First tranche of 2022-23 gold bonds to open for subscription on Jun 20
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Icra revises outlook on steel sector to stable from positive
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Realtors worry more about input price increase than interest rates
India Daybook – Stocks in News
Dr Reddy’s: LIC Increases its stake in Dr Reddy’s from 3.64% to 5.65% (Positive)
Wipro: Company signs pact with Eros Investments for subtitling, dubbing services (Positive)
Bharti Airtel: Company added 8.16 lakh subscribers in April. (Positive)
Reliance Ind: Jio added 16.82 lakh subscribers in April (Positive)
Vakrangee: Company to sell Decathlon's products (Positive)
Equitas Small Finance Bank: Company to launch ENJOI - a kids exclusive savings account. (Positive)
RITES: Company secures new order of Rs 364.56 cr (Positive)
SBI Cards: RBI lifts business restrictions imposed on Mastercard Asia (Positive)
CG Power: India Ratings and Research upgraded the companies long-term rating to 'AA' from 'AA-'. (Positive)
Grasim: Company appoints Pavan Jain as CFO. (Neutral)
Bajaj Auto: Company will be taking up the issue of share buyback in a meeting on June 27. (Neutral)
HDFC: Says invokes pledge on 8.42% stake in Ansal Housing (Neutral)
Vodafone Idea: Loses net 1.57m mobile users in April: TRAI (Neutral)
IndiGo: Constant increase in fuel prices, rupee depreciation unfavorably impacting aviation sector. (Neutral)
Hanung Toys: The CBI has filed a charge sheet against the company and its promoters and directors.
Dr Reddy’s: LIC Increases its stake in Dr Reddy’s from 3.64% to 5.65% (Positive)
Wipro: Company signs pact with Eros Investments for subtitling, dubbing services (Positive)
Bharti Airtel: Company added 8.16 lakh subscribers in April. (Positive)
Reliance Ind: Jio added 16.82 lakh subscribers in April (Positive)
Vakrangee: Company to sell Decathlon's products (Positive)
Equitas Small Finance Bank: Company to launch ENJOI - a kids exclusive savings account. (Positive)
RITES: Company secures new order of Rs 364.56 cr (Positive)
SBI Cards: RBI lifts business restrictions imposed on Mastercard Asia (Positive)
CG Power: India Ratings and Research upgraded the companies long-term rating to 'AA' from 'AA-'. (Positive)
Grasim: Company appoints Pavan Jain as CFO. (Neutral)
Bajaj Auto: Company will be taking up the issue of share buyback in a meeting on June 27. (Neutral)
HDFC: Says invokes pledge on 8.42% stake in Ansal Housing (Neutral)
Vodafone Idea: Loses net 1.57m mobile users in April: TRAI (Neutral)
IndiGo: Constant increase in fuel prices, rupee depreciation unfavorably impacting aviation sector. (Neutral)
Hanung Toys: The CBI has filed a charge sheet against the company and its promoters and directors.
STOCK LENDING OFFER
HAL LTP RS 50 PER SHARE AT NSE,
#nse #slbm #alliesfin
offer valid till Buyer's Offer.
HAL LTP RS 50 PER SHARE AT NSE,
#nse #slbm #alliesfin
offer valid till Buyer's Offer.
Key Takeaways. Capitulation happens when a significant proportion of investors succumbs to fear and sells over a short period of time, causing the price of a security or a market to drop sharply amid high trading volume. Capitulation marks a short-term low in the price and is followed by at least a relief rally. this is what we see in market today. probably the last leg (not the last day ) of profit booking. #alliesfin #stockmarkets #investing
STAGES OF MARKETS EVALUATION ✨ TELEGRAM @ALLIESFIN
PLACE YOUR POSITIONS AND WHATS NEXT ?
LINK TO THIS POST
https://t.me/AlliesFin/11646
PLACE YOUR POSITIONS AND WHATS NEXT ?
LINK TO THIS POST
https://t.me/AlliesFin/11646
👍1
US MKT CLSD , Bovespa +27 pts , Ftse +105 pts , Dax +139 pts , Cac +37 pts , Crude @ $111.51 brl (+1.95), Brent @ $115.54 brl (+1.41) , Gold @ 1842.80 (+2.20), Silver @ $21.64 (+0.05), Euro @ $1.0525, JPY @ $135.03, INR @ 77.925
Today's Corporate Action
21st June Ex Date
DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500
Today's Key Results/Board Meetings
21-Jun-22
AROMAENT
Audited Results;General;Quarterly Results
DYNAMICP
General
GAMMONIND
Audited Results
JAINCO
General
ROSEMER
Issue Of Warrants;General;Preferential Issue of shares
SAKUMA
Right Issue of Equity Shares
SHABCHM
General
SOTL
Stock Split
TRIVENIGQ
General
VIVANZA
Preferential Issue of shares
Stock under F&O ban on NSE
21-Jun-22
1IBULHSGFIN
2RBLBANK
Today's Corporate Action
21st June Ex Date
DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500
Today's Key Results/Board Meetings
21-Jun-22
AROMAENT
Audited Results;General;Quarterly Results
DYNAMICP
General
GAMMONIND
Audited Results
JAINCO
General
ROSEMER
Issue Of Warrants;General;Preferential Issue of shares
SAKUMA
Right Issue of Equity Shares
SHABCHM
General
SOTL
Stock Split
TRIVENIGQ
General
VIVANZA
Preferential Issue of shares
Stock under F&O ban on NSE
21-Jun-22
1IBULHSGFIN
2RBLBANK
India Daybook – Stocks in News
Bharat Forge: To consolidate EV operations in unit Kalyani Powertrain (Positive)
KEC International: Wins New Orders Worth $140M Across Businesses (Positive)
Oil & Natural Gas: Says In-Charge Mittal’s term extended by 2-months. (Positive)
Suven Life: To consider rights issue of shares on June 24 (Positive)
Tech Mahindra: Announces strategic partnership with Communisis (Positive)
Fineotex Chemical: Company to consider raising funds by issue of equity shares on June 24 (Positive)
Apar Ind: MSCI Asia Apex Ethical Fund bought 2.1lk shares at 997 (Positive)
Inox Wind: Inox Green Energy Services, a subsidiary of Inox Wind, has filed preliminary papers with capital markets regulator SEBI to raise Rs 740 crore (Positive)
Telecom Infra stocks: Widens PLI Scheme For Telecom Infra Products (Positive)
Savita Oil: To Consider the sub-division of equity shares (Positive)
Endurance: Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards. (Positive)
Reliance: Sebi Imposes 3 Million-Rupee Penalty on Reliance, Two Officials (Neutral)
Happiest Minds: 1.3% shares block deal. (Neutral)
Escorts: Ajay Mandhar resigns as CEO, Agri Machinery Business. (Neutral)
Engineers India: Appoints Sanjay Jindal as Chief Financial Officer of the company w.e.f. June 20, 2022 (Neutral)
Oriental Aromatics: Company's Bareilly plant to remain shut from 27th June to 3rd July,2022 for annual Maintenance purpose (Neutral)
Tata Steel: Reports suggest that the steel company imported about 75,000 tonnes of coal from Russia (Neutral)
Vodafone Idea: The telecom operator has proposed a fundraise of up to Rs 500 crore through the issuance of equity shares or convertible warrants on a preferential basis (Neutral)
Garment exporters: Garment exporters face potential loss of Rs 1,200 crore due to new conditions on Tax rebate.
Eureka Forbes: Resignation of Mr. Marzin R. Shroff as the MD and CEO (Executive Director) of the Company wef August 2022
Dhanuka: Delayed start of monsoons have kept ground sentiments lower.
V-Mart: Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23
Bharat Forge: To consolidate EV operations in unit Kalyani Powertrain (Positive)
KEC International: Wins New Orders Worth $140M Across Businesses (Positive)
Oil & Natural Gas: Says In-Charge Mittal’s term extended by 2-months. (Positive)
Suven Life: To consider rights issue of shares on June 24 (Positive)
Tech Mahindra: Announces strategic partnership with Communisis (Positive)
Fineotex Chemical: Company to consider raising funds by issue of equity shares on June 24 (Positive)
Apar Ind: MSCI Asia Apex Ethical Fund bought 2.1lk shares at 997 (Positive)
Inox Wind: Inox Green Energy Services, a subsidiary of Inox Wind, has filed preliminary papers with capital markets regulator SEBI to raise Rs 740 crore (Positive)
Telecom Infra stocks: Widens PLI Scheme For Telecom Infra Products (Positive)
Savita Oil: To Consider the sub-division of equity shares (Positive)
Endurance: Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards. (Positive)
Reliance: Sebi Imposes 3 Million-Rupee Penalty on Reliance, Two Officials (Neutral)
Happiest Minds: 1.3% shares block deal. (Neutral)
Escorts: Ajay Mandhar resigns as CEO, Agri Machinery Business. (Neutral)
Engineers India: Appoints Sanjay Jindal as Chief Financial Officer of the company w.e.f. June 20, 2022 (Neutral)
Oriental Aromatics: Company's Bareilly plant to remain shut from 27th June to 3rd July,2022 for annual Maintenance purpose (Neutral)
Tata Steel: Reports suggest that the steel company imported about 75,000 tonnes of coal from Russia (Neutral)
Vodafone Idea: The telecom operator has proposed a fundraise of up to Rs 500 crore through the issuance of equity shares or convertible warrants on a preferential basis (Neutral)
Garment exporters: Garment exporters face potential loss of Rs 1,200 crore due to new conditions on Tax rebate.
Eureka Forbes: Resignation of Mr. Marzin R. Shroff as the MD and CEO (Executive Director) of the Company wef August 2022
Dhanuka: Delayed start of monsoons have kept ground sentiments lower.
V-Mart: Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23
*Instl. Investors EQUITY Cash Trades PROV. - 21/06/2022 : Rs. CRS. :*
*FIIS : SELL -2,701 (4,618-7,319)*
*DIIS : BUY +3,066 (6,527-3,461)*
*FIIS : SELL -2,701 (4,618-7,319)*
*DIIS : BUY +3,066 (6,527-3,461)*