*🌹India Daybook – Stocks in News*


*Hind Zinc:* Q2 refined metal #production up 18% at 2.46 lakh tonne Vs 2.09 lakh tonne (YoY) (Positive)

*DMart:* Q2 Standalone revenue from ops at Rs 10,385 cr vs Rs 7,650 cr YoY (Positive)

*NCC:* Company has received a new order for Rs. 393 crore (exclusive of GST) in the month of September 2022. (Positive)

*KEC International:* Company bags new orders worth ₹1,407 crore (Positive)

*MGL:* CNG Price Up By Rs 6 To Rs 86/kg PNG Price Up By Rs 4 To Rs 52.50/scm. (Positive)

*Oil upstream stocks:* Crude prices jumped more than 4 percent overnight (Positive)

*M&M Fin:* Disbursement At Approximately Rs 4080 Crores, YoY Growth Of Over 100% (Positive)

*Kirloskar Electronics:* To Sell Land In Karnataka For Rs 95.1 Crore (Positive)

*Info Edge:* Company to invest Rs 135.4 cr via share purchase in Sunrise Mentors (Positive)

*Gravita India:* There are no plans of stake sale by the promoter or promoter group. (Positive)

*DBL:* Company receives Letter of Acceptance from Gujarat Metro Rail Corporation for ₹1,061 crore Surat Metro Rail project (Positive)

*Max India:* Cassini Partners LP acquired 9.66 lakh shares and 238 Plan Associates LLC bought 2.34 lakh shares in the company (Positive)

*Infosys:* Company to announce second quarter results on October 13. (Neutral)

*Bombay Dyeing:* Board Approves Raising Of Funds Worth Rs 200 Crores Via Rights Issue. (Neutral)

*Indusind Bank:* Deposits at Rs 3.15 lk cr, up 15% YoY & up 4% (QoQ) (Neutral)

*Indiabulls Housing Finance:* Company hikes lending rates by 50 bps (Neutral)

*ICICI Bank:* Hikes lending rates by 10 bps across tenures, hikes external benchmark lending rate by 15 bps to 9.25% (Neutral)

*GAIL:* Company appoints Sandeep Kumar Gupta as Chairman & MD. (Neutral)

*Bank of Maharashtra:* Q2 advances (provisional) at ₹1.48 lakh crore vs ₹1.41 lakh crore (QoQ) (Neutral)

*South Indian Bank* sees a 17% increase YoY in gross advances in Q2 while deposits remain flat (Neutral)

*Britannia:* Company acquires control of Kenafric Biscuits (Neutral)

*Vedanta:* Q2 total aluminium production up 2% at 5.84 lakh tonnes Vs 5.70 lakh tonnes (YoY) (Neutral)

*HDFC:* Loans assigned in Q2 amount to ₹ 9,145 crore Vs ₹ 7,132 crore (YoY) (Neutral)

*Quess Corp:* Appoints Kamal Pal Hoda as Group CFO (Designate) with immediate effect (Neutral)

*Marico:* Consolidated revenue in September FY23 quarter grew in low single digits on a year-on-year basis (Neutral)

*Adani Green Energy:* Says its unit incorporated three new units to produce, sell, distribute renewable energy (Neutral)

*Oil downstream stocks:* Crude prices jumped more than 4 percent overnight

🇮🇳Business News Headlines

Economic Times

Ø Russia becomes India’s 2nd-largest crude supplier after Saudi Arabia
Ø NHAI Investment Trust to raise ₹1,500 Crore via bonds
Ø Vedanta's Aluminium output rises 2% to 5.84 lakh tonnes in second quarter of FY23
Ø Oil jumps more than $4 as OPEC+ weighs biggest output cut since 2020
Ø States borrowing cost rises for third week, jumps 12 bps to 7.77%
Ø India's Exports dip 3.52% to USD 32.62 Billion in September
Ø US manufacturing growth slows to lowest since 2020: Survey
Ø JSW Cement raises Rs 400-Crore sustainability-linked loan
Ø India's coal production rises 12 per cent in September
Ø Neobank firm Vance raises $5.8 million in Seed round led by Hummingbird Ventures

Business Standard

Ø TCS set to win $2-Billion deal from BSNL for 4G and 5G roll-out
Ø Google Accelerator to support 20 women-led start-ups in first cohort
Ø Motilal Oswal private equity arm raises Rs 4,500 Cr for new platform
Ø India's Offline market for smartphones grew 44% in H1 2022: Report
Ø UPI transactions touch a record Rs 11.17 Trillion in September, shows data
Ø PhonePe completes process to move domicile from Singapore to India
Ø Uttar Pradesh's merchandise exports surge 32% to Rs 60,578 Crore
Ø Credit ratios stay robust in H1FY23: Rating agencies CRISIL, ICRA
Ø India raises total Import duty on platinum to 15.4% from 10.75%
Ø Turkey inflation hits fresh 24-year high of 83% in September, shows data
Ø Automation Anywhere raises $200 Mn from Silicon Valley Bank, others
Ø Adani Greens forms 3 new subsidiary companies for renewable energy biz
Ø Myntra onboards record 1.2 Mn new users during its Big Fashion Festival

Financial Express

Ø Nykaa board approves 5:1 Bonus issue
Ø Allcargo looks to set up more logistics parks, create more jobs
Ø Office space supply up 49 pc in January-September to 32.8 Mn sq ft in top 6 cities: Report
Ø Prosus calls off $4.7 Billion acquisition of BillDesk
Ø JSW Cement secures Rs 400 Crore as sustainability-linked loan from MUFG Bank
Ø India’s GDP Growth to fall to just 5.7% in 2022: Unctad
Ø Exporters urge FM to extend GST exemption on export freight
Ø September PMI shows manufacturing grows for 15th month in a row; output looks set to expand further
Ø Govt may cut 2022-23 Sugar export quota by 29%
Ø IKIO Lighting files IPO papers with Sebi to mop-up funds

Mint

Ø VVDN to invest ₹500 Crore in TN Plant
Ø NCLT requests Govt for more members to speed up cases
Ø ISRO confirms Mangalyaan mission over, Mars Orbiter craft non-recoverable
Ø India to add 80 more Airports in next four to five years, 21 greenfield airports
Ø KEC International wins new orders worth Rs1,407 Crore
Ø Sebi cautions public against unregistered PMS
Ø Vodafone in talks with CK Hutchison over Vodafone UK combination with Three
Ø Rupee moves closer to record lows against US Dollar, ends at 81.87
Ø India Jobless rate drops to four-year low before Festival season
Ø EESL completes installation of 30 Lakh Smart meters across India

SIS Ltd. – Buyback Tender Opens Today
Stock Price: 421/-
Buyback Price: 550/-
Buyback Size (in ₹): 80 Crore
Buyback Size (in Shares ): 14.5 Lacs shares (representing 0.99% of O/s. shares)
Record Date –Aug 30, 2022
Tender Period:
Start Date: Oct 04, 2022 (Today)
Close Date: Oct 18, 2022
Obligation Date: Oct 28, 2022
Settlement Date: Oct 31, 2022
@ALLIESFIN
Quick Heal Tech Ltd. – Buyback Tender Opens Today
Stock Price: 199/-
Buyback Price: 300/-
Buyback Size (in ₹): 150 Crore
Buyback Size (in Shares ): 50 Lacs shares (representing 8.62% of O/s. shares)
Record Date –Sep 14, 2022
Tender Period:
Start Date: Oct 04, 2022 (Today)
Close Date: Oct 18, 2022
Obligation Date: Oct 28, 2022
Settlement Date: Oct 31, 2022
@ALLIESFIN
S P Apparels - Buyback Tender - Ex - Date - Thursday
Route - Tender Route
Buyback Price: 585 /-
Buyback Size (in ₹): 35.1 Crs
Buyback Size (in Shares): 6 Lacs shares (representing 2.34% of O/S shares)
Retail Quota – 0.90 Lacs Shares
Last Cum-Date Trading: 04 Oct 2022 (Today)
Ex-Date: 06 Oct 2022 (Thursday)
Record Date – 07 Oct 2022
Market Price: 455 /-
Tender Period: Not Yet Announced

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 04-10-2022 :*

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

*TOTAL NET BUY : +11564* 😄😄

*INDEX FUT. : +3091*

*INDEX OPT. : +6246*

*STOCK FUT. : +2181*

*STOCK OPT. : +46*

*SEC. IN F&O BAN FOR, 06 OCT, 2022 :*

*NIL*

*ADDITION : NIL*
*DELETION : NIL*


*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 04-OCT-22 : (Rs. CRS )*

*FIIS : BUY +1,345 (6,647-5,302)* 😄

*DIIS : BUY +946 (6,092-5,146)* 😊

*BSE SENSEX : +1276 (58,065)🔼*

*NSE NIFTY : +387 (17,274)🔼*

*BSE MIDCAP. : +595 (25,141)*🔼

*BSE SMLCAP. : +423 (28,723)*🔼

*B. CRUDE : $ 91.23* 🔼 😢

*GOLD: $1705=INR 52,310(10gr)* 🔼 😄

*SILVER : RS. 62,100 (kg) (5pm) 🔼 😄😄*

*FOREX : RS. : $ 81.52* 🔼 😊

*6.54% GOI '32 : 7.3867% (94.37)* 🔽 😄

*7.26%NEW GOI '32: 7.3621%(99.28)*🔽😄

*7.54% GOI '36 : 7.4405% (100.83)* 🔽 😄

Dow -42.45 pts ,Nsdq -27.77 pts, S&P
-7.65 pts , Bovespa +967 pts , Ftse -33 pts , Dax -153 pts , Cac -54 pts , Crude @ $83.31 brl (-0.32), Brent @ $87.99 brl (+0.23) , Gold @ 1725.30 (+4.50), Silver @ $20.635 (+0.09), Euro @ $0.9893, JPY @ $144.47, INR @ 81.635





Today's Corporate Action
6th Oct Ex Date



ACCELYA
Final Dividend - Rs. - 45.0000
AHLEAST
Bonus issue 1:2
AHLEAST
Spin Off
INDINFR
Income Distribution (InvIT)
SPAL
Buy Back of Shares




Today's Key Results/Board Meetings
06-Oct-22




AGARIND
Preferential Issue of shares
GALACTICO
Quarterly Results
JFL
Half Yearly Results
MANGIND
General
MEL
General
MEP
General
VIVANTA
Quarterly Results






Stock under F&O ban on NSE
06-Oct-22



None

India Daybook – Stocks in News


Reliance: Jio launches Jio True 5G, the world’s most advanced 5G service (Positive)

Bharat Forge/RK Forge/Motherson: North America Class 8 Truck orders at 53,700 units, up 151% MoM & 34% YoY, highest monthly orders (Positive)

JSW Energy: Company enters into a MoU with Maharashtra Govt for setting up a 960 MW hydro pumped storage project. (Positive)

ZEEL: CCI India approves Zee-Sony merger proposal with certain modifications (Positive)

AU bank: Total deposits up 7% at Rs 58335 cr, Recoveries at 109% Vs 106% QoQ (Positive)

Sterlite Tech: Company completes divestment of stake in Impact Data Solutions, UK (Positive)

Zydus Life: Company gets final USFDA nod & 180 days shared exclusivity for Brivaracetam tablets (Positive)

IEX: Company achieved 8160 MU volume in September 2022, up 5 percent MoM (Positive)

*HFCL: Company to invest Rs 450 crore, make telecom parts. (Positive)

Sugar stocks: India's record sugar exports during 2021-2022 bring in Rs 40,000 crore worth of foreign exchange (Positive)

Atul Auto: Atul Auto to consider fundraising on October 8 (Positive)

Jubilant FoodWorks: Jubilant FoodWorks arm acquires additional stake in Netherlands-based DP Eurasia NV. (Positive)

Oil upstream stocks: OPEC+ panel proposes a cut of 2 million barrels a day to its output, From Bloomberg (Positive)

IRB Infrastructure: Says refinance of loan by Solapur Yedeshi Tollway project (Positive)

SpiceJet is expecting to receive an additional ₹1,000 cr as part of modified ECLGS (Positive)

HCL Tech: Company to hire 1,000 people in Brazil in the next two years. (Neutral)

Tata Steel: Company divests 19% stake in AL Rimal to Tanmia. (Neutral)

RBL bank: Total deposits up 5% at Rs 79,407 cr Vs Rs 75,588 cr, CASA ratio 36.2% Vs 35.4% YoY (Neutral)

Indiabulls Housing Finance: Company hikes lending rates by 50 bps (Neutral)

ICICI Bank: Hikes lending rates by 10 bps across tenures, hikes external benchmark lending rate by 15 bps to 9.25% (Neutral)

GAIL: Company appoints Sandeep Kumar Gupta as Chairman & MD. (Neutral)

Godrej CP: In India, expect to deliver high single-digit sales growth. Company's 3-year CAGR remains robust and close to double-digits (Neutral)

Bank of Maharashtra: Q2 advances (provisional) at ₹1.48 lakh crore vs ₹1.41 lakh crore (QoQ) (Neutral)

South Indian Bank sees a 17% increase YoY in gross advances in Q2 while deposits remain flat (Neutral)

Britannia: Company acquires control of Kenafric Biscuits (Neutral)

Vedanta: Q2 total aluminium production up 2% at 5.84 lakh tonnes Vs 5.70 lakh tonnes (YoY) (Neutral)

HDFC: Loans assigned in Q2 amount to ₹ 9,145 crore Vs ₹ 7,132 crore (YoY) (Neutral)

Quess Corp: Appoints Kamal Pal Hoda as Group CFO (Designate) with immediate effect (Neutral)

Marico: Consolidated revenue in September FY23 quarter grew in low single digits on a year-on-year basis (Neutral)

Ratnamani Metals: Buys majority stake in Ravi Technoforge (Neutral)

State Bank: Fitch Affirms State Bank of India at ‘BBB-’; Outlook Stable (Neutral)

Adani Green Energy: Says its unit incorporated three new units to produce, sell, distribute renewable energy (Neutral)

Oil downstream stocks: OPEC+ panel proposes a cut of 2 million barrels a day to its output, From Bloomberg

STOCKS IN ACTION on 6th October

Atul Auto: Board Meeting On Oct 8 To Consider Proposal For Raising Of Funds

IRB Infrastructure Developers: Solapur Yedeshi Tollway Ltd., a step-down subsidiary of the company has raised R 200 crore via NCDs issued on private placement basis.

Zee Entertainment: India CCI Approves Zee-Sony Merger With Conditions

Reliance Industries: Reliance Jio Infocomm, the telecom arm of the conglomerate, will start beta trials of its 5G services in four cities—Delhi, Mumbai, Kolkata and Varanasi—from Oct. 5, and offer a ‘Welcome Offer’ for its existing users in these circles, which can be availed for by invitation.

Sunteck Realty: Care Ratings assigned ‘CARE AA-; Positive’ ratings for the company’s long-term bank facilities

Bajaj Finance: Says New Loans Booked During Q2 Fy23 Were 6.8 Mm As Compared To 6.3 Mm In Q2 Fy22
Assets Under Management (Aum) Grew By 31% To 2.18 Trln Rupees As Of 30 Sept Vs (YoY)

Jubilant Foodworks: Unit Increased Stake In DP Eurasia N.V
Cost Of Acquisition GBP 2.9m

Tata Steel: Divests 19% Stake In Oman's Al Rimal To Tanmia
Co's Shareholding Reduces From 70% To 51% In Al Rimal

Sterlite Technologies: The company has completed sell its stake (through its wholly owned subsidiary) in Impact Data Solutions Ltd., U.K. to Hexatronic Group AB.

AU Small Finance Bank: Says Total Deposits Rise 7% (QoQ) In Qtr Ending Sept 30
Gross Advances Rise 6% (QoQ) In Qtr Ending Sept 30

Apollo Sindoori Hotels: Approved Investment Of 700m Rupees In Buying 51% Stake In Faber Sindoori Management Services

Aditya Birla Capital: Got Approval From India Insurance Regulator For Capital Infusion From Abu Dhabi Investment Authority In Co's Unit

Ratnamani Metals And Tubes: To Buy Shares In Ravi Technoforge From Existing Shareholders
Deal For First Tranche Of About 53% Stake Upto 978.8m Rupees

Apollo Hospitals Enterprise: Executed Agreement To Buy 60% Stake In Kerala First Health Services
Overall Transaction For About 264m Rupees

Adani Enterprises: The company has incorporated two wholly owned subsidiaries—Alwar Alluvial Resources for manufacturing and processing of minerals, and Adani Disruptive Ventures.

Savita Oil Technologies: The company has incorporated a wholly owned subsidiary Savita GreenTec Ltd. to engage in the business of manufacturing and recycling.

Happiest Minds Technologies: To Raise Funds Upto 14b Rupees

Ashima: Is Launching Real Estate Project Named Swan Lake At Village Agol T
otal Revenues From Project Will Be About 3.5b Rupees

Indian Energy Exchange: IEX Achieves 8160 Mu Volume In September, Up 5% (Mom)
Real Time Market Clocks 19% (YoY) Growth; Highest Single-Day Volume At 104 MU

RBL Bank: Sept-Qtr Provisional Total Deposits 794.07 Bln Rupees, Up 5% (YoY)
Sept-Qtr Provisional Gross Advances 646.77b Rupees, Up 12% (YoY)

Tata Motors: The company released production, domestic sales and export figures for the July-September 2022 period. Compact UVs Nexon and Punch led the domestic sales at 79,082 units, followed by compact segment at 48,787 units.

Godrej Consumer Products: Says Indian FMCG Industry Continued To Remain Soft During Q2
Expect Consumption To Improve In Second Half Of Year

JSW Energy: Unit JSW NEO Energy Enters Into A MOU With Maharashtra Govt For Setting Up A 960 MW Hydro Pumped Storage Project

Recession is nothing but convergence of greed Super explanation

Banwarilal was a samosa seller in an Indian town. He used to sell 500 samosas everyday on a cart in his locality. People liked his samosas for last 30 years, because he cared for hygiene in preparation and selling, would use good quality oil and other ingredients, provide free chutneys with samosas. He would throw all unsold samosas to poor people, cow, dogs etc and did not sell unsold stale samosas to people next day.

Banwari earned good reputation and enough money from samosa selling and he never faced downfall in his sale in last 30 years. He was able to fund his son's MBA education in a famous private college in Noida out of his earnings.

Recently his son Rohit completed his MBA and came back home as he could not get appropriate placement. Rohit started taking interest in his father's samosa business. He had not been involved in his father's business earlier as he considered that to be an inferior job.

During MBA, Rohit read a lot on recession. He read that it is coming up in global economy and how it will affect job prospects, increase unemployment etc. So he thought that he should advise his father of the risks in the business of samosa selling on account of recession.

He told his father that recession may cause fall in sale of samosas, so he should prepare for cost cutting to maintain the profit.

Banwari was glad that his son knows so much about business and taking interest in his business. He agreed to follow advice of his son.

Next day, Rohit suggested using 20% used cooking oil and 80% fresh. People did not notice the change in the taste and 500 samosas were sold.

Rohit was motivated by the profit made by this savings. Next day he suggested increased share of used oil to 30% and reduce the quantity of free chutney.

That day, only 400 samosas were sold and 100 samosas were thrown to poor people and dogs.

Rohit told his father that recession has really set in as predicted by him, so more cost cutting is to be done and they would not throw stale samosas but would fry them again next day and sell them. Quantity of used oil will also be increased to 40% and to make only 400 samosas to avoid wastage.

Next day 400 samosas were sold but customers were not feeling good old taste. But Rohit told his father about savings because of his smart planning. Father told him that he may be knowing better, being educated.

Next day Rohit decided to use 50% used oil, do away with sweet chutney and provided only green chutney, made 400 samosas. That day only 300 samosas could be sold as people started disliking the taste.

Rohit told Banwari "Look , I had predicted great recession is arriving and sales would fall. Now this is happening. We will not throw away these 100 stale samosas but would fry and sell them tomorrow." Father agreed to his MBA son.

Next day, 200 fresh samosas were made with 50% used oil, 100 stale fried samosa were offered for sale but only 200 could be sold as people sensed the drastic fall in quality.

Rohit said that recession has really set in and now people have no money left to spend so they should make only 100 samosas and recycle 100 stale samosas and stop giving paper napkins .

After this only 50 samosas could be sold .

Rohit told his father " Now recession has taken people in its grip. People have lost income. So, this business will be in loss and they should stop selling samosas and do something else."

Now his father started shouting, "I did not know that they teach cheating in the name of MBA. I lost my money in getting your MBA education. In last 30 years of samosa selling, I never had recession but your greed for profit brought recession in my business and caused closure. Get out of my business and I will get it back to earlier level. If you want, I can hire you for washing dishes as that is the only thing you can do despite being MBA educated."

Thereafter , Banwari started following his age old wisdom and fair practices in business. Within a month his sale reached to 600 samosas.

*Recession is nothing but convergence of greed of government to extract more taxes, greed of big businesses to be more profitable by reducing quality and using unfair practices and also of careless arrogant employees giving pathetic service as long as profits are coming. Recession is the punishment given to businesses and government by people by restricting their spending.

• Global Economy Could Lose $4 Trillion in Output, IMF Chief Warns

• World Bank Cuts India Growth Forecast Citing Global Risks

• India Expects 90GW Solar Module Manufacturing Capacity by FY26

• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months

• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)

o India says cough syrups went only to Gambia, not sold locally

• Stocks in India Extend Rally Ahead of Company Earnings Season

• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook

• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE

o Domestic funds buy net 2.79b rupees of stocks

• Threats to Mukesh Ambani’s family: one held from Bihar: PTI

• India’s heaviest rocket to make global foray on Oct. 22: PTI

• Canara Bank (CBK): To raise MCLR by 15 bps across tenors from Oct. 7

• Dabur India (DABUR): 2Q Group Revenue Expected to Grow at Mid-Single Digits

• FSN E-Commerce Ventures (NYKAA): Says unit enter into pact with Fashion Retailer Apparel Group to undertake multi branded beauty retail in GCC

• ITC (ITC): Board meeting on Oct. 20 for 2Q earnings

• Karur Vysya Bank (KVB): To raise MCLR by 20 bps across tenors from Oct. 7

• NTPC (NTPC): Signs MoU with GE Gas for Hidrogen Co-Firing to cut CO2 emission

• Quess Corp (QUESS): Approves disinvestment of 53% stake in unit Simpliance Tech for INR1.2b

• Reliance Industries (RIL): Says Its Asteria gets Micro Category Drone certification

• Samvardhana Motherson (MOTHERSO): Inaugurates new Morocco facility

• SBI Cards (SBICARD): Says Rashmi Mohanty appointed as CFO from Oct. 21

• Themis Medicare (TMCH): Partner with NFL Biosciences for NFL-101 in India

• Yes Bank (YES): Appointed Prashant Kumar as MD & CEO for three years

News Headlines from Business News Agencies:

Business Standard :

• World currency reserves shrink by $1 trn this year in record drawdown

• Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital

• IndiGrid, Brookfield show interest in buying 2 transmission projects

• Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand

• Can Fin Homes to consider raising up to Rs 4,000-cr debt capital

• Google asks suppliers to produce over 8 mn Pixel 7 phones: Report

• ONGC Videsh to invest $1 billion in offshore block held by Petrobras

• RIL-backed Viacom18 Media to stream FIFA World Cup on Jio Cinema for free

• Govt receives dividend tranches from 5 companies, including SAIL, IRCTC

• WTO slashes global 2023 trade growth forecast to 1% as recession looms

• India, Indonesia debt outperforms China despite volatile global markets

Economic Times :

• Porsche overtakes Volkswagen as Europe's most valuable carmaker

• World Bank lowers India's GDP growth forecast to 6.5% from 7.5% for 2022-23

• Poonawalla Fincorp disbursals rise by 44% to Rs 3,720cr in Jul-Sep

• Rupee skids towards record low again on corporate dollar demand

• Google takes on Meta, introduces own video-generating AI

• Dabur India flags up to 200 bps margin hit in Q2

• Benchmark yield posts biggest jump in 2 months on index inclusion setback

• Akasa Air to allow pets on board as part of inclusive travel experience

• Sri Lanka begins crucial debt restructuring talks with China

• UK nurses begin biggest strike ballot in more than 100 years

• Facebook may quietly sack 12,000 employees, 15% of its workforce: report


Bloomberg :

• Global Economy Could Lose $4 Trillion in Output, IMF Chief Warns

• World Bank Cuts India Growth Forecast Citing Global Risks

• India Expects 90GW Solar Module Manufacturing Capacity by FY26

• India’s Sebi Orders Brickwork Ratings to Shut Down in 6 Months

• WHO Says Drugs Linked to Gambian Deaths Could Be Elsewhere (1)

• India says cough syrups went only to Gambia, not sold locally

• Stocks in India Extend Rally Ahead of Company Earnings Season

• Gold Drops as Mixed US Data and OPEC+ Cuts Cloud Fed Outlook

• Global Funds Sell Net INR439.2m of Indian Stocks Thursday: NSE

• Domestic funds buy net 2.79b rupees of stocks

• Threats to Mukesh Ambani’s family: one held from Bihar: PTI

• India’s heaviest rocket to make global foray on Oct. 22: PTI

India Daybook – Stocks in News


Nykaa: Company signs agreement with Apparel Group to enter GCC countries (Positive)

Quess Corp: Company to divest 53% stake in subsidiary, Simpliance Technologies (Positive)

Britannia: Company clinches deal for operations in Kenya as part its plan to expand in Africa. (Positive)

HCL Tech: Company and Google Cloud expand strategic partnership in offering digital services for enterprises (Positive)

Titan: Titan Company reports 18% sales growth in Q2FY23, adds 105 stores during the quarter. (Positive)

Yes Bank: Yes Bank gets RBI approval for appointment of Prashant Kumar as MD & CEO for 3 years (Positive)

NTPC: Company signs MoU with GE Gas Power to reduce carbon intensity at Kawas gas power plant. (Positive)

Datamatics Global: Company in partnership with Scan-Optics to help enterprises optimise business performance. (Positive)

Indian Hume Pipe: Company bags order worth Rs 194 crore under Jal Jeevan Mission Project in Maharashtra. (Positive)

Themis Medicare: Company partners with NFL Biosciences for development of drug for tobacco cessation in India (Positive)

Dhruv Consultancy: Company JV bags consultancy services contract for road project in Andhra Pradesh from NHAI (Positive)

Equitas Small Finance Bank: Company clocks 20% YoY growth each in deposits, advances for Q2FY23. (Positive)

Rategain Travel: Nippon India Mutual Fund acquired 50 lakh shares in the company at an average price of Rs 292.43 per share (Positive)

Varroc Engg amends agreement for 4-wheeler lighting biz sale in Americas & Europe, reduces base price to €520 m from €600 m (Positive)

Torrent Pharma: US FDA issued 3 observations to Torrent Pharma’s Indrad Facility. (Neutral)

Dabur: Company expects to report revenue growth in mid-single digit in Q2FY23. (Neutral)

Zuari Agro: Company appoints Manish Malik as CFO (Neutral)

Gravita India: Investor Kuchhal Atul sold 9,18,663 equity shares in the company via open market transactions. (Neutral)

Lupin: Appoints Dr. Shahin Fesharaki as Global Chief Scientific Officer (Neutral)

Biocon: European Directorate for the Quality of Medicines & HealthCare (EDQM) issues a list of deficiencies for co's API manufacturing site in Bangalore. (Neutral)

Godrej CP: In India, expect to deliver high single-digit sales growth. Company's 3-year CAGR remains robust and close to double-digits (Neutral)

SBI Cards: Company appoints Rashmi Mohanty as Chief Financial Officer w.e.f. Oct 21) (Neutral)

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