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)*
Dow +641.47 pts ,Nsdq +270.95 pts, S&P
+89.95 pts, Bovespa -168 pts , Ftse +30 pts , Dax +26 pts , Cac +44 pts , Crude @ $110.65 brl (+0.00), Brent @ $113.30 brl (-1.35) , Gold @ 1830.30 (-8.50), Silver @ $21.53 (-0.23), Euro @ $1.0517, JPY @ $136.37, INR @ 78.135
Today's Corporate Action
22nd 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
22-Jun-22
AMANITRA
General
ASHNI
General;Preferential Issue of shares
HMT
Audited Results
MERMETL
Right Issue of Equity Shares;General
NEWLIGHT
Audited Results
PUNJCOMMU
General
RJBIOTECH
General
WANBURY
Audited Results
Stock under F&O ban on NSE
22-Jun-22
1IBULHSGFIN
2RBLBANK
+89.95 pts, Bovespa -168 pts , Ftse +30 pts , Dax +26 pts , Cac +44 pts , Crude @ $110.65 brl (+0.00), Brent @ $113.30 brl (-1.35) , Gold @ 1830.30 (-8.50), Silver @ $21.53 (-0.23), Euro @ $1.0517, JPY @ $136.37, INR @ 78.135
Today's Corporate Action
22nd 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
22-Jun-22
AMANITRA
General
ASHNI
General;Preferential Issue of shares
HMT
Audited Results
MERMETL
Right Issue of Equity Shares;General
NEWLIGHT
Audited Results
PUNJCOMMU
General
RJBIOTECH
General
WANBURY
Audited Results
Stock under F&O ban on NSE
22-Jun-22
1IBULHSGFIN
2RBLBANK
Business News Headlines
Economic Times
Ø Future Enterprises defaults on Rs 6.07 cr interest payment for NCDs
Ø NIIT CEO explains the rationale behind the demerger of its two verticals
Ø Britannia weighs dairy pact with restaurants
Ø South Indian Bank to seek shareholders' nod to raise Rs 2,500 cr in Jul AGM
Ø TCS could roll out chip based e-passports by the end of 2022
Ø MFs can invest in international stocks but can’t breach the limit: AMFI
Ø JPMorgan overweight on LIC, says D-Street mispricing stock
Ø Jio-bp, Nayara Energy ask dealers to sell less, keep pumps open
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice price rise a concern as food inflation accelerates in India
Ø RBI lifts business restrictions on Mastercard
Ø Leather, sports goods, textiles to gain from FTA with EU: Piyush Goyal
Business Standard
Ø HDFC Bank to shift payments from core banking, plug downtime
Ø Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender
Ø Zerodha, Upstox, Canva services affected as brief outage hits Cloudfare
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Sebi allows mutual funds to resume investing in international stocks
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø Q&A Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood
Ø India likely to impose ceiling on next season's sugar exports: Report
Ø India now the fourth largest gold recycling country: World Gold Council
Ø Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr
Financial Express
Ø ONGC seeks minimum $17 price for Bokaro coal gas
Ø RBI extends deadline for complying with consent norms for credit cards
Ø Canara Bank aims to improve bottom line further with balanced focus on retail, business lending
Ø MSMEs will have to embrace lean digital thinking to acquire digital mindset
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Delhivery doubles down on D2C sector with same-day delivery service
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 Vision Document: RBI sees digital payment transactions trebling by 2025
Economic Times
Ø Future Enterprises defaults on Rs 6.07 cr interest payment for NCDs
Ø NIIT CEO explains the rationale behind the demerger of its two verticals
Ø Britannia weighs dairy pact with restaurants
Ø South Indian Bank to seek shareholders' nod to raise Rs 2,500 cr in Jul AGM
Ø TCS could roll out chip based e-passports by the end of 2022
Ø MFs can invest in international stocks but can’t breach the limit: AMFI
Ø JPMorgan overweight on LIC, says D-Street mispricing stock
Ø Jio-bp, Nayara Energy ask dealers to sell less, keep pumps open
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice price rise a concern as food inflation accelerates in India
Ø RBI lifts business restrictions on Mastercard
Ø Leather, sports goods, textiles to gain from FTA with EU: Piyush Goyal
Business Standard
Ø HDFC Bank to shift payments from core banking, plug downtime
Ø Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender
Ø Zerodha, Upstox, Canva services affected as brief outage hits Cloudfare
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Sebi allows mutual funds to resume investing in international stocks
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø Q&A Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood
Ø India likely to impose ceiling on next season's sugar exports: Report
Ø India now the fourth largest gold recycling country: World Gold Council
Ø Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr
Financial Express
Ø ONGC seeks minimum $17 price for Bokaro coal gas
Ø RBI extends deadline for complying with consent norms for credit cards
Ø Canara Bank aims to improve bottom line further with balanced focus on retail, business lending
Ø MSMEs will have to embrace lean digital thinking to acquire digital mindset
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Delhivery doubles down on D2C sector with same-day delivery service
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 Vision Document: RBI sees digital payment transactions trebling by 2025
India Daybook – Stocks in News
M&M: Mahindra defence systems bags order of Rs 1350 crore from Navy. (Positive)
IPL: Promoter bought 1 lakh shares of the company (Positive)
Dr Reddy: Commercialise biosimilars on its own in the US and the EU (Positive)
Idea: To Consider Fund Raising Upto Rs 500 Crores (Positive)
Inox Leisure, PVR: Merger deal gets BSE, NSE nod (Positive)
*Jain Irrigation:*To Merge Intl Irrigation Business With Temasek Unit, reduces around INR26.64b at a consolidated level (Positive)
Hero MotoCorp: The company launched Euro-5 compliant variants of its three globally popular products in Turkiye (Positive)
Filatex India: CARE revised its credit rating on the company's long-term bank facilities to A+, from 'A', with a stable outlook. (Positive)
Greenlam Industries: The company has executed a share subscription agreement with Smiti Holding for allotment of up to 63.1 lakh equity shares at a price of Rs 309 per share. (Positive)
SIEL Financial: Deepak Kumar Rustagi is appointed as Chief Financial Officer (CFO) (Neutral)
Astral: The company has subscribed to Optionally Convertible Debentures of Rs 194 crore allotted by Gem Paints. (Neutral)
Generic Engineering: CRISIL has reaffirmed its long-term credit rating. (Neutral)
Steels Companies: India’s May Steel Consumption Rises 20% Y/y to 9.4M Tons (Neutral)
Coal India: Says held three pre-bid meetings on June 14- June 17 June with prospective bidders for e-tenders of coal import (Neutral)
HDFC Bank Annual Report | Don't see the need to raise funds for reserve norms post-merger (Neutral)
Bharti Airtel's Netherlands arm commences cash tender offer for up to $300 m senior notes (Neutral)
Salasar: To Consider Long Term Resources of Fund Raising (Neutral)
SAIL: Says Anil Kumar Tulsiani appointed as director finance (Neutral)
M&M: Mahindra defence systems bags order of Rs 1350 crore from Navy. (Positive)
IPL: Promoter bought 1 lakh shares of the company (Positive)
Dr Reddy: Commercialise biosimilars on its own in the US and the EU (Positive)
Idea: To Consider Fund Raising Upto Rs 500 Crores (Positive)
Inox Leisure, PVR: Merger deal gets BSE, NSE nod (Positive)
*Jain Irrigation:*To Merge Intl Irrigation Business With Temasek Unit, reduces around INR26.64b at a consolidated level (Positive)
Hero MotoCorp: The company launched Euro-5 compliant variants of its three globally popular products in Turkiye (Positive)
Filatex India: CARE revised its credit rating on the company's long-term bank facilities to A+, from 'A', with a stable outlook. (Positive)
Greenlam Industries: The company has executed a share subscription agreement with Smiti Holding for allotment of up to 63.1 lakh equity shares at a price of Rs 309 per share. (Positive)
SIEL Financial: Deepak Kumar Rustagi is appointed as Chief Financial Officer (CFO) (Neutral)
Astral: The company has subscribed to Optionally Convertible Debentures of Rs 194 crore allotted by Gem Paints. (Neutral)
Generic Engineering: CRISIL has reaffirmed its long-term credit rating. (Neutral)
Steels Companies: India’s May Steel Consumption Rises 20% Y/y to 9.4M Tons (Neutral)
Coal India: Says held three pre-bid meetings on June 14- June 17 June with prospective bidders for e-tenders of coal import (Neutral)
HDFC Bank Annual Report | Don't see the need to raise funds for reserve norms post-merger (Neutral)
Bharti Airtel's Netherlands arm commences cash tender offer for up to $300 m senior notes (Neutral)
Salasar: To Consider Long Term Resources of Fund Raising (Neutral)
SAIL: Says Anil Kumar Tulsiani appointed as director finance (Neutral)
SGX Nifty +50 pts (15451) from last trade 15401 ,
Nikkei +139 pts ,
Hangseng +149 pts ,
Now @6.53am .
Dow -41.12 pts ,Nsdq -16.22 pts, S&P
-4.90 pts, Bovespa -162 pts , Ftse -62 pts , Dax -148 pts , Cac -48 pts , Crude @ $103.85 brl (-2.36), Brent @ $109.50 brl (-2.24) , Gold @ 1837.60 (-0.80), Silver @ $21.34 (-0.08), Euro @ $1.0562, JPY @ $136.09, INR @ 78.165
Today's Corporate Action
23rd June Ex Date
ALUFLUOR
Final Dividend - Rs. - 1.0000
ASHNI
Stock Split From Rs.10/- to Rs.1/-
CAMS
Final Dividend - Rs. - 12.0000
DALBHARAT
Final Dividend - Rs. - 5.0000
HAPPSTMNDS
Final Dividend - Rs. - 2.0000
NATHBIOGEN
Dividend - Rs. - 2.0000
NAVKAR
Stock Split From Rs.10/- to Rs.2/-WELSPUNIND
Dividend - Rs. - 0.1500
ZDHJERK
E.G.M.
Today's Key Results/Board Meetings
23-Jun-22
21STCENMGM
General
AGIOPAPER
General;Voluntary Delisting of Shares
HIPOLIN
General
MTCL
Increase in Authorised Capital
VARDMNPOLY
Audited Results;General
Stock under F&O ban on NSE
23-Jun-22
1IBULHSGFIN
2RBLBANK
3SUNTV
Nikkei +139 pts ,
Hangseng +149 pts ,
Now @6.53am .
Dow -41.12 pts ,Nsdq -16.22 pts, S&P
-4.90 pts, Bovespa -162 pts , Ftse -62 pts , Dax -148 pts , Cac -48 pts , Crude @ $103.85 brl (-2.36), Brent @ $109.50 brl (-2.24) , Gold @ 1837.60 (-0.80), Silver @ $21.34 (-0.08), Euro @ $1.0562, JPY @ $136.09, INR @ 78.165
Today's Corporate Action
23rd June Ex Date
ALUFLUOR
Final Dividend - Rs. - 1.0000
ASHNI
Stock Split From Rs.10/- to Rs.1/-
CAMS
Final Dividend - Rs. - 12.0000
DALBHARAT
Final Dividend - Rs. - 5.0000
HAPPSTMNDS
Final Dividend - Rs. - 2.0000
NATHBIOGEN
Dividend - Rs. - 2.0000
NAVKAR
Stock Split From Rs.10/- to Rs.2/-WELSPUNIND
Dividend - Rs. - 0.1500
ZDHJERK
E.G.M.
Today's Key Results/Board Meetings
23-Jun-22
21STCENMGM
General
AGIOPAPER
General;Voluntary Delisting of Shares
HIPOLIN
General
MTCL
Increase in Authorised Capital
VARDMNPOLY
Audited Results;General
Stock under F&O ban on NSE
23-Jun-22
1IBULHSGFIN
2RBLBANK
3SUNTV
Business News Headlines
Economic Times
Ø Jindal Power to buy Simhapuri power plant for about ₹300 cr
Ø Anil Jain on Jain Irrigation overseas biz merger, debt reduction & future plans
Ø Demand intact, it’s up to us to capture the market, says IndusInd Bank CEO
Ø Salasar Techno Engineering plans to raise Rs 200 crore through various modes
Ø Deepak Fertilisers eyeing growth from transformation into specialty play
Ø Biocon arm denies bribery charges, says cos follows code of conduct
Ø Mahindra Insurance announces partnership with Agri Digital Platform BigHaat
Ø Collaboration between banks & fintechs will be a win-win game: Mahabaleshwara MS, MD & CEO, Karnataka Bank
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Standard Chartered looks to sell distressed loan portfolio worth $1.6 billion
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Inflation continues to remain a key monitorable in the near term, says ITC
Business Standard
Ø CBI books DHFL in 'biggest' banking fraud of Rs 34,615 crore; 17 banks hit
Ø Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction
Ø Fitment committee rejects demands to reduce GST rate on over 200 items
Ø RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Ø RIL, Nayara account for a combined 69% of Russian oil shipments to India
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø SEC recommendation in accordance with guidelines: Biocon Biologics
Ø PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
Ø India now the fourth largest gold recycling country: World Gold Council
Ø IG International, Esquire Corrugation form JV for fresh produce packaging
More Biz News
• India’s CBI Files Case Against DHFL for $4.4 Billion Fraud
• India’s January-March Current Account Gap Narrows, RBI Says
o India’s 1Q Current Account Deficit Narrowed to $13.4 Bln
o India’s Rate Panel Concerned Over High Inflation: Minutes
• Xi Slams Sanctions for ‘Weaponizing’ World Economy at BRICS Open
o Xi suggests NATO was responsible for antagonizing Russia
• GIC-Backed Greenko Is Said to Weigh $1 Billion Funding Round
o GIC, ADIA and Orix are among major backers of Greenko
• Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’
• Crypto Exchanges Liable to Deduct 1% Tax, Indian Govt Clarifies
• Fall in Vegoil Prices in India to Help Cool Inflation: Pandey
• Political Crisis Emerges in India’s Richest State Maharashtra
• Prime Minister to visit Germany and UAE from June 26-June 28
• India’s May Crude Oil Imports Rise 13% Y/y
• India Power Giant Mulls New Plants as Coal Phase-Out Must Wait
o NTPC chair says it will take 2-3 decades to phase out coal
• Reliance Seeks New Technologies to Make Cheaper Green Hydrogen
• India Renewable Funding Brings Opportunity for Societe Generale
• India Cumulative Monsoon Rainfall Normal as of June 22
• Global Funds Sell Net INR29.2B India Stocks Wednesday: NSE
o Domestic funds buy net 18.6b rupees of stocks
• Foreign Investors Sell Net INR11.8B of India Equities on Tuesday
• Worst Natural Disaster in Eight Years Kills 1,000 in Afghanistan
• Bitcoin Is Leading Indicator of Stock-Market Bottom, Mobius Says
• India and Australia explore cooperation in defence industrial sector: PTI
• Indian delegation led by CEA V. Anantha Nageswaran to visit Sri Lanka: PTI
• Bajaj Auto (BJAUT): To consider further deliberation on the share buyback proposal on June 27
• IRB Infrastructure (IRB): Gets INR3.1B part payment toward arbitral awrd
• Maruti Suzuki India (MSIL): Sees High Cost of EVs Hindering Large-Scale Adoption
• Reliance Industries (RIL): Jio-BP to set up EV charging station across 17 Nexus malls
• Vodafone Idea (IDEA): Board Approves Raising Upto INR4.36 Billionfrom a group entity Euro Pacific Securities via 427.65m shares or conv. warrants issue
Economic Times
Ø Jindal Power to buy Simhapuri power plant for about ₹300 cr
Ø Anil Jain on Jain Irrigation overseas biz merger, debt reduction & future plans
Ø Demand intact, it’s up to us to capture the market, says IndusInd Bank CEO
Ø Salasar Techno Engineering plans to raise Rs 200 crore through various modes
Ø Deepak Fertilisers eyeing growth from transformation into specialty play
Ø Biocon arm denies bribery charges, says cos follows code of conduct
Ø Mahindra Insurance announces partnership with Agri Digital Platform BigHaat
Ø Collaboration between banks & fintechs will be a win-win game: Mahabaleshwara MS, MD & CEO, Karnataka Bank
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Standard Chartered looks to sell distressed loan portfolio worth $1.6 billion
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Inflation continues to remain a key monitorable in the near term, says ITC
Business Standard
Ø CBI books DHFL in 'biggest' banking fraud of Rs 34,615 crore; 17 banks hit
Ø Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction
Ø Fitment committee rejects demands to reduce GST rate on over 200 items
Ø RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Ø RIL, Nayara account for a combined 69% of Russian oil shipments to India
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø SEC recommendation in accordance with guidelines: Biocon Biologics
Ø PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
Ø India now the fourth largest gold recycling country: World Gold Council
Ø IG International, Esquire Corrugation form JV for fresh produce packaging
More Biz News
• India’s CBI Files Case Against DHFL for $4.4 Billion Fraud
• India’s January-March Current Account Gap Narrows, RBI Says
o India’s 1Q Current Account Deficit Narrowed to $13.4 Bln
o India’s Rate Panel Concerned Over High Inflation: Minutes
• Xi Slams Sanctions for ‘Weaponizing’ World Economy at BRICS Open
o Xi suggests NATO was responsible for antagonizing Russia
• GIC-Backed Greenko Is Said to Weigh $1 Billion Funding Round
o GIC, ADIA and Orix are among major backers of Greenko
• Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’
• Crypto Exchanges Liable to Deduct 1% Tax, Indian Govt Clarifies
• Fall in Vegoil Prices in India to Help Cool Inflation: Pandey
• Political Crisis Emerges in India’s Richest State Maharashtra
• Prime Minister to visit Germany and UAE from June 26-June 28
• India’s May Crude Oil Imports Rise 13% Y/y
• India Power Giant Mulls New Plants as Coal Phase-Out Must Wait
o NTPC chair says it will take 2-3 decades to phase out coal
• Reliance Seeks New Technologies to Make Cheaper Green Hydrogen
• India Renewable Funding Brings Opportunity for Societe Generale
• India Cumulative Monsoon Rainfall Normal as of June 22
• Global Funds Sell Net INR29.2B India Stocks Wednesday: NSE
o Domestic funds buy net 18.6b rupees of stocks
• Foreign Investors Sell Net INR11.8B of India Equities on Tuesday
• Worst Natural Disaster in Eight Years Kills 1,000 in Afghanistan
• Bitcoin Is Leading Indicator of Stock-Market Bottom, Mobius Says
• India and Australia explore cooperation in defence industrial sector: PTI
• Indian delegation led by CEA V. Anantha Nageswaran to visit Sri Lanka: PTI
• Bajaj Auto (BJAUT): To consider further deliberation on the share buyback proposal on June 27
• IRB Infrastructure (IRB): Gets INR3.1B part payment toward arbitral awrd
• Maruti Suzuki India (MSIL): Sees High Cost of EVs Hindering Large-Scale Adoption
• Reliance Industries (RIL): Jio-BP to set up EV charging station across 17 Nexus malls
• Vodafone Idea (IDEA): Board Approves Raising Upto INR4.36 Billionfrom a group entity Euro Pacific Securities via 427.65m shares or conv. warrants issue
Reliance Industries Ltd
Nexus Malls, a subsidiary of investment firm Blackstone Group, has announced its association with Jio-BP for the rollout of electric vehicle (EV) charging and battery swapping stations across their portfolio of 17 malls across 13 cities. In the first phase, these charging stations will come up at Nexus Malls in Navi Mumbai, Bengaluru, Hyderabad, Pune, and Ahmedabad from this June.
Bajaj Auto Ltd
A meeting of the board of directors is scheduled to be held on Monday, June 27, to further deliberate on the proposal for share buyback. The company has earlier said the buyback would be discussed on June 14, but was eventually deferred.
Glenmark Pharmaceuticals Ltd
The US FDA has issued form 483 with six observations for the Baddi Unit, which was inspected from June 13 to June 22.
GPT Infraprojects Ltd
As part of the East Coast Railway's Khurda Road-Bolangir New BG link project, the company has received an order worth Rs 292 crore for the construction of viaducts, major bridges, ROBs, vehicles, site facilities, and other allied works.
IRB Infrastructure Developers Ltd
The highways developer announced that it has received Rs 308 crore out of the total claim of Rs 419 crore towards delay in completion of the project from IRB Pathankot Toll Road Ltd (IPATRL).
Spandana Sphoorty Financial Ltd
The NBFC has resolved differences with former MD and promoter Padmaja Reddy. "While Ms. Reddy is no longer serving as the Managing Director of the Company, she continues to be a substantial shareholder and member of board," the company said.
DCB Bank Ltd
The bank has appointed Satish Gundewar as Chief Financial Officer (CFO) of the company w.e.f July 1, 2022 as incumbent Bharat Laxmidas Sampat retires w.e.f. June 30, 2022.
Imagicaaworld Entertainment Ltd
The company has successfully resolved its debt and has introduced new promoters to its board of directors. In the resolution plan approved by the lenders under the RBI Prudential Framework, the board approved the allotment of equity shares and redeemable non-convertible preference shares on a preferential basis.
Vodafone Idea Ltd
The debt-ridden telecom operator said its board of directors has approved raising up to Rs 436.21 crore by issuing equity shares through various modes.
Quess Corp Ltd
The technology-enabled staffing and outsourcing services firm Quess Corp's board of directors have approved of the merger with business process outsourcing firm, Allsec Technologies.
Nexus Malls, a subsidiary of investment firm Blackstone Group, has announced its association with Jio-BP for the rollout of electric vehicle (EV) charging and battery swapping stations across their portfolio of 17 malls across 13 cities. In the first phase, these charging stations will come up at Nexus Malls in Navi Mumbai, Bengaluru, Hyderabad, Pune, and Ahmedabad from this June.
Bajaj Auto Ltd
A meeting of the board of directors is scheduled to be held on Monday, June 27, to further deliberate on the proposal for share buyback. The company has earlier said the buyback would be discussed on June 14, but was eventually deferred.
Glenmark Pharmaceuticals Ltd
The US FDA has issued form 483 with six observations for the Baddi Unit, which was inspected from June 13 to June 22.
GPT Infraprojects Ltd
As part of the East Coast Railway's Khurda Road-Bolangir New BG link project, the company has received an order worth Rs 292 crore for the construction of viaducts, major bridges, ROBs, vehicles, site facilities, and other allied works.
IRB Infrastructure Developers Ltd
The highways developer announced that it has received Rs 308 crore out of the total claim of Rs 419 crore towards delay in completion of the project from IRB Pathankot Toll Road Ltd (IPATRL).
Spandana Sphoorty Financial Ltd
The NBFC has resolved differences with former MD and promoter Padmaja Reddy. "While Ms. Reddy is no longer serving as the Managing Director of the Company, she continues to be a substantial shareholder and member of board," the company said.
DCB Bank Ltd
The bank has appointed Satish Gundewar as Chief Financial Officer (CFO) of the company w.e.f July 1, 2022 as incumbent Bharat Laxmidas Sampat retires w.e.f. June 30, 2022.
Imagicaaworld Entertainment Ltd
The company has successfully resolved its debt and has introduced new promoters to its board of directors. In the resolution plan approved by the lenders under the RBI Prudential Framework, the board approved the allotment of equity shares and redeemable non-convertible preference shares on a preferential basis.
Vodafone Idea Ltd
The debt-ridden telecom operator said its board of directors has approved raising up to Rs 436.21 crore by issuing equity shares through various modes.
Quess Corp Ltd
The technology-enabled staffing and outsourcing services firm Quess Corp's board of directors have approved of the merger with business process outsourcing firm, Allsec Technologies.
Avoiding big draw downs at all costs is important because
10% loss requires 11% gain
20% loss requires 25% gain
50% loss requires100% gain
90% loss requires 900% gain
to get back to break-even.
Managing the down side is as important as managing the upside.
10% loss requires 11% gain
20% loss requires 25% gain
50% loss requires100% gain
90% loss requires 900% gain
to get back to break-even.
Managing the down side is as important as managing the upside.
👍1
*Instl. Investors EQUITY Cash Trades PROV. - 23/06/2022 : Rs. CRS. :*
*FIIS : SELL -2,319 (6,922-4,603)*
*DIIS : BUY +2,438 (5,620-3,182)*
*FIIS : SELL -2,319 (6,922-4,603)*
*DIIS : BUY +2,438 (5,620-3,182)*