India Daybook – Stocks in News


*Suzlon:* Company secures order of 144.9 MW from The Aditya Birla Group (Positive)

*Railway stocks:* Railways' revenue earnings up by 92% in passenger segment. (Positive)

*Suven Life:* To Consider and Approve Terms of the Rights Issue including Issue Price and Record Date (Positive)

*L&T Fin:* Gets SEBI Nod For Change In Control Of L&T AMC With Conditions (Positive)

*Star Housing:* To Consider Stock Split, Bonus Issue on 17th October. (Positive)

*Genesys:* Bags Order Worth Rs 46 Crore From Andhra Pradesh Government For Mapping Project. (Positive)

*Honeywell:* Announced a new, innovative ethanol-to-jet fuel (ETJ) processing technology (Positive)

*IRFC:* Signs MoU With IIFCL To Strengthen Cooperation In Financing Railway Infra Projects (Positive)

*NMDC:* Says Got Corporate Affairs Ministry Nod for Steel Demerger (Positive)

*Tata Consultancy Services:* Says Quartz Solution to support entire lifecycle of CBDT (Positive)

*Tilaknagar Industries:* EARC TRUST SC sold 4.2m shares of TLNGR in three blocks, BOFA Securities Europe SA buys 4.69m shares (Positive)

*Delta Corp:* Cons net profit at Rs 68.3 cr Vs loss of Rs 22.6 cr YoY, Cons revenue at Rs 270 cr Vs Rs 75 cr (YoY). (Neutral)

*Gujarat Pipavav:* Q2 container volume up 18.5% (YoY) & down 0.5% (QoQ) (Neutral)

*IndusInd Bank:* Route One Fund sells 12m shares in IIB, while Goldman Sachs buys 6.97m shares: NSE Bulk Deals (Neutral)

*JSW Steel:* Joins the United Nations Global Compact Initiative (Neutral)

*Mahindra & Mahindra:* Says Jio-BP to set up charging network for Mahindra’s e-SUVs (Neutral)

*Spandana Sphoorty:* To consider raising funds on Oct. 14 (Neutral)

*Infosys:* The stock will be in focus as Ravi Kumar S has resigned as president effective October 11. (Neutral)

*REC:* The company has transferred its entire shareholding in ER-NER Transmission at par value along with all its assets and liabilities to Power Grid Corporation of India (Neutral)

*VST Tillers:* First Sentier Investors ICVC-SI Asia Pacific Sustainability Fund sold 1,62,707 shares.

*Business & Economy news*

*INDIA-RELATED :*

* IMF cuts India FY23 GDP growth estimate by 60 bps to 6.8% (Informist)

* RBI allows asset recast cos to act as resolution applicant under IBC (Informist)

* RBI issues revised norms for banks on borrowers' unhedged FX exposure (Informist)

* RBI tightens NPA, provisioning divergence disclosure norms for banks (Informist)

* RBI sets threshold to classify 'middle layer' non-bank lenders (Informist)

* CP supply by NBFCs jumps 32% in Sep, issuances by others fall (Informist)

* Infosys President Ravi Kumar resigns effective today (Informist)

* Suzlon Energy aims to cut debt by 5.84 bln rupees by end of October (Informist)

* Govt nudges Apple, Samsung and others to release 5G updates (RTR)

* Global coffee prices fall 0.2% on month to 199.63 cents a pound in Sep (Informist)

* Brigade Enterprises announces succession planning, splits CMD post (Informist)

* M&M, Jio-bp in pact to set up charging network for electric vehicles (Informist)

* Housing project launch to gain pace in festival season, says report (Informist)

* Govt ups base import price of silver by $67/kg, keeps gold unchanged (Informist)

* China’s BYD enters India's passenger car market amid global push (RTR)

* Govt may sell residual stake post strategic disinvestment in IDBI Bank to public (BL)

* India offers 26 blocks for producing oil, gas in mega offshore bid round (ET)

* Railways revenue up by 92% in passenger segment (Mint)

*FROM OVERSEAS :*

* IMF retains 2022 global GDP growth view, warns of recession feel 2023 (Informist)

* Putin says Russia not working 'against anyone' in energy markets (RTR)

* Russia’s financial monitoring agency adds Meta to ‘extremists’ list (RTR)

* Biden re-evaluating US relationship with Saudis after OPEC decision to cut production (RTR)
Biden's labor rule to shake up gig economy that relies on contractors (RTR)

* Goldman Sachs says too early to price in a Fed policy pivot (BB)

* Bank of England widens bond purchases as it warns of financial stability risk (FT)

* AstraZeneca nasal spray vaccine for COVID fizzles in small, early trial (BB)

* Nissan takes $687 mln loss on sale of Russian business to state-owned entity for 1 euro (RTR)

* Japan’s FX reserves fall by record $54 bln (FT)

* US Supreme Court spurns McKinsey & Co appeal in bankruptcy conflicts case (RTR)

* General Motors broadens electric goals with new division (AP)

* Renault CEO seeks partner on hybrids to bring scale, cut costs (RTR)

* Australia to cap work hours for international students again (ET)

* Sri Lanka to keep ‘middle-income’ status but seek concessional loans (RTR)

STOCKS TO WATCH: SWSOLAR, GODFREY PHILLIPS, MARKSANS PHARMA, CESC, SIEMENS, WE WIN, RELIANCE POWER, TATA POWER, ADANI PORTS, JUBILANT INGREVIA, UGAR SUGAR, SUVEN LIFE, HCL TECH, ADANI WILMAR, TANLA PLATFORM, MAHARASHTRA SEAMLESS, TCS, SAIL, WIPRO

Sterling And Wilson Renewable Energy: Co Wins Order Worth 22b Rupees Got Order From NTPC Renewable Energy Limited

Godfrey Phillips India: Co Executed Agreements To Sell Trademarks, Assets Of Chewing Business For 800m Rupees

Marksans Pharma: Co Proposed Capacity Addition Of 8b Units Per Annum Investment Of 2b Rupees Required

CESC: Board Meeting On Oct 15 To Consider Issue Of Non-Convertible Debentures Worth Upto 3b Rupees

Siemens: NTPC And Co Sign MOU For Demonstrating Hydrogen Co-Firing In Faridabad Gas Power Plant

WE WIN: Co Received Work Order For Providing And Operationalizing The Contact Centre For Paytm Project Cost 309.6m Rupees

Reliance Power: Co And Its Subsidiaries Execute Definitive Documents To Raise Debt Of About Rs.1,000 Crore From Varde Partners Proceeds To Be Used To Settle Debt

Tata Power: Co To Develop Tata Motors' 7 MW Solar Project At Its Pantnagar Manufacturing Facility

Adani Ports: Co. Gets Letter Of Award From West Bengal Industrial Development Corporation Ltd, Kolkata For Development Of Deep-Sea Port At Tajpur, West Bengal On Design, Build, Finance, Operate And Transfer Basis

Jubilant Ingrevia: Co Has Issued Commercial Papers Of 1b Rupees On Oct 12

Ugar Sugar Works: Co Received Consent For Operation For 645 KLPD Distillery At Ugar Plant

Suven Life Sciences: Co Approved Rights Issue Of Shares In 1:2 Ratio Rights Share Issue Price Rupees 55 Per Fully Paid-Up Equity Share

HCL Tech: Q2 Cons Net Profit 34.89b Rupees Vs 32.8b (QoQ); Est 34.11b | 32.6b (YoY) Q2 Revenue 246.9b Rupees Vs 235b (QoQ); 206.6b (YoY)

Adani Wilmar: Co Says Multiple Macro Challenges Continued To Impact Business In Quarter Overall Revenue Expected To Grow At Low Single Digit During Q2

Tanla Platform: Co Fixes Oct 25 As Record Date For Buyback

Maharashtra Seamless: Board Meeting On Oct 17 To Consider Issue Of Bonus Shares Co To Also Consider Sub Division Of Shares

TCS: Envestnet Data And Analytics Business Announces Partnership With Co Envestnet- Further Terms Of Arrangement Were Not Disclosed

SAIL: Govt Scraps Strategic Sale Of Sail's Bhadravati Steelplant Due To Insufficient Bidder Interest

WIPRO: Q2 Cons Net Profit 26.6b Rupees Vs 25.64b (QoQ) Est 28.44b | 29.3b(YoY) Q2 Revenue 225.4b Rupees Vs 215.3b (QoQ); 196.67b (YoY)

• Truss Faces Fresh Headache as India-UK Free Trade Deal Stuck
o October deadline for concluding talks likely to be missed
• India’s September Inflation at Five-Month High on Food Costs
o Food prices rose 8.6% driven by erratic monsoon rains
o India Sept. Consumer Prices Rise 7.41% Y/y, Est. +7.36%
o India Aug. Industrial Production Falls 0.8% Y/y, Est. +1.7%
• India Provides $2.7 Billion to Fuel Retailers Hit by Oil Costs
• India Budget to Focus on Boosting Growth Amid Inflation Woes
• India to Invest $4.3 Billion in Five Coal Gasification Projects
o Coal India, BHEL, IOCL, GAIL in Pact on Coal Gasification
• Most Valuable Indian Startup Targets Profitability by March 2023
• Infosys Contracts Seen Keeping Sales Growth Robust: Preview
• Mindtree to Report Results; Shares Down 31.2% YTD: Preview
• Global Funds Sell Net INR5.42B of India Stocks Wednesday: NSE
o Domestic funds buy net 853.2m rupees of stocks
• RBI to tell govt why it failed to check inflation since Jan: PTI
• PepsiCo reports double-digit growth for qtr ended Sept. in India: PTI
• Adani Ports (ADSEZ): Gets Letter of Award to Develop Deep-Sea Port at Tajpur, West Bengal
• Adani Wilmar (AWLTD): Sees 2Q Revenue Growing at Low Single Digit
• Coal India (COAL):Sees Power Plant Inventories Rising 77% by March
• Godfrey Phillips (GP): To sell some chewing ops trademarks, assets for INR800m
• HCL Technologies (HCLT): 2Q net income +7.1% y/y to 34.9b rupees, beats est. 34.15b; revenue +20% to 246.9b
• ITC (ITC): Incorporates unit ITC Infotech Do Brasil LTDA in Brazil
• Life Insurance Corp (LICI): Says its stake in Power Grid Corp. down to 3.3% from 5.3% in May
• Saregama India (SARE): New Content to Boost Indian Music Label Saregama: JM Financial
• Tata Power (TPWR): To make Tata Motors’s 7mw solar project at Pantnagar
• Vedanta (VEDL): Says Shareholders Approve Shifting Its Cash From Reserves
• Wipro (WPRO): 2Q net income -9.2% y/y to 26.6b rupees, misses est. 28.45b; revenue +15% to 225.4b; sees 3Q revenue $2.81b-$2.85b

Today's Corporate Action
13th Oct Ex Date



GCSL
Bonus issue 8:1
INFRATRUST
Income Distribution (InvIT)



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



ABHIJIT
Quarterly Results
ALSTONE
Quarterly Results
ANANDRATHI
Quarterly Results;Interim Dividend
ANGELONE
Quarterly Results;Interim Dividend
ASHAI
General
ATHARVENT
General;Quarterly Results
BIRLAMONEY
Quarterly Results
CYIENT
Quarterly Results
DEN
Quarterly Results
INFY
Quarterly Results;Audited Results;Interim Dividend
MINDTREE
Quarterly Results
ROSELABS
Quarterly Results
SCPL
Half Yearly Results
SHRINIWAS
Quarterly Results
VEERENRGY
Bonus issue



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



1 DELTACORP

2 IBULHSGFIN

Nifty Cmp 17001 @AlliesFin
Post today's inflation data in US and end of BOE bond buying tomorrow,🤞for a strong bounce across the global equity markets and start of Santa Rally. Only thing to watch maybe the US mid-term elections in November, mostly will be a non event.
Telegram.me/AlliesFin/12182
Like 👍 Share 🤝 Save 💯

INFOSYS Q2 : CONS. NET PROFIT UP 12 % AT 6021 CR (QOQ) , UP % 11 (YOY)

REVENUE UP 6 % AT 36538 CR (QOQ) , UP 23 % (YOY)

EBIT UP 13.9 % AT 7873 CR (QOQ) , UP 12.9 % (YOY)

MARGINS AT 21.5 % V 20.1 % (QOQ), 23.6 % (YOY]

TELEGRAM @ALLIESFIN

INFOSYS: BOARD APPROVED SHARE BUYBACK UPTO 9300 CR Rs 1850/share VIA OPEN MARKET

BETTER MARGINS AND GUIDANCE.

Dow up 1400 point's from lows.
Don't worry about this. They are managing supply side inflation. If economy goes into recession they may start QE. So focus on Bharat an emerging economy. 🇮🇳🌟

*SGX Nifty +180 pts (17188) from last trade 17008 ,*


Nikkei +686 pts ,
Hangseng +283 pts ,
Around @ 6.57am .


Dow +827.87 pts ,Nsdq +232.05 pts, S&P
+92.88 pts , Bovespa -527 pts , Ftse +24 pts , Dax +183 pts , Cac +60 pts , Crude @ $89.08 brl (-0.03), Brent @ $94.57 brl (+0.00) , Gold @ 1670.80 (-6.20), Silver @ $18.835 (-0.08), Euro @ $0.9768, JPY @ $147.29, INR @ 82.175


*Today's Corporate Action*
*14th Oct Ex Date*



Veeram Securities Ltd
Bonus issue 1:2




*Today's Key Results/Board Meetings*
*14-Oct-22*



AMAL
General   
BAJAJ-AUTO*
Quarterly Results   
CHARMS
Quarterly Results   
DRCSYSTEMS
Quarterly Results;General   
FEDERALBNK
Quarterly Results   
PLASTIBLEN
Quarterly Results   
ROJL
Half Yearly Results   
SHREECEM
Quarterly Results   
SUKHJITS
General   
SYSCO
General   
TATAELXSI
Quarterly Results   



*Stock under F&O ban on NSE*
*14-Oct-22*



1 DELTACORP

2 IBULHSGFIN

NIFTY TESTED 17300 TODAY ITSELF.

😊 @ALLIESFIN

US STOCKS Vs BONDS RETURNS 1926 TO 2022 @ALLIESFIN

Financial Well-Being Dives into the three core areas of Personal Finance :
Here's what you Learn :)

☝️ Wealth Creation through Equity
✌️Goal based Investment approach
🤟How to Over Come Wrong Financial Decisions

Online Presentation
Friday 21 Oct 2022
Eve 4 pm to 5 Pm

Join Whatsapp group
https://chat.whatsapp.com/GzgmMBBIq5NCPFHgbtFz2Z

Register to give yourself the Edge
Its Free :)
https://wa.me/919869958999

Link to this Post
https://telegram.me/AlliesFin/12189

Proud Indian 🇮🇳

Management 🌟

*Mkt. Updates:*

*SGX Nifty -149 pts (17070) from last trade 17210 ,*

Nikkei -356 pts ,
Hangseng -108 pts ,
Around @ 6.52am .

Dow -403.89 pts ,Nsdq -327.76 pts, S&P
-86.84 pts , Bovespa -2227 pts , Ftse +8 pts , Dax +82 pts , Cac +52 pts , Crude @ $86.10 brl (+0.49), Brent @ $92.22 brl (+0.59) , Gold @ 1651.40 (+2.50), Silver @ $18.265 (+0.19), Euro @ $0.9741, JPY @ $148.50, INR @ 82.345


*US GOVT. 10-YEAR YIELD : 4.00%*


*Today's Corporate Action, 17 Oct Ex Date :*

SUVEN
Right Issue of Equity Shares 
TCS
Interim Dividend - Rs. - 8.0000


*Today's Key Results/Board Meetings, 17-Oct-22 :*

ACC
Quarterly Results ANGGeneral;Preferential Issue of shares
ANUP
Quarterly Results 
ARROWGREEN
Increase in Authorised Capital;General;Preferential Issue of shares
BCG
General 
BIBCL
General;Quarterly Results
CAMS
General 
CANFINHOME
General;
Quarterly Results
CHOICEIN
Quarterly Results 
CRAFTSMAN
General;Quarterly Results
ELIXIR
Quarterly Results 
FOCUS
Half Yearly Results;Interim Dividend
HEIDELBERG
Quarterly Results 
INDOWIND
Quarterly Results 
INDUSFINL
Quarterly Results 
INDXTRA
Quarterly Results 
IRBINVIT
Quarterly Results 
JINDRILL
Quarterly Results 
KAVVERITEL
General 
LAL
Half Yearly Results 
MAHABANK
Quarterly Results 
MAHSEAMLES
Bonus issue;Quarterly Results;Stock  Split
NARPROP
General 
NGIL
General;Quarterly Results
ORIENTHOT
Quarterly Results 
PIONDIST
Quarterly Results 
PROFINC
Bonus issue 
PVR
Quarterly Results 
RPGLIFE
Quarterly Results 
SEACOAST
Quarterly Results 
SPANDANA
Quarterly Results 
STARHFL
Bonus issue;Quarterly Results;Stock  Split
TANFACIND
Quarterly Results 
TATACOFFEE
Quarterly Results 
TATAMETALI
Audited Results 
THANGAMAYL
Quarterly Results 
TOKYOFIN
Quarterly Results 
TRANOCE
Quarterly Results 
WORL
Quarterly Results 
ZEAL


*SEC. IN F&O BAN FOR, 17-Oct-22*

*1. DELTACORP 2. IBULHSGFIN 3. INDIACEM*

• India Says New Digital Banking Units to Spur Financial Inclusion

• India’s Rupee Will Endure Dollar Strengthening, Sitharaman Says

o RBI is making efforts to contain the rupee volatility: FM

• India Raises Windfall Tax on Diesel, Local Oil and Aviation Fuel

• India Plans to Take Over Highways With High Traffic Density

• India Says Global Hunger Report Is Based on Faulty Methodology

• India Sept. Trade Deficit at $25.71b, Est. - $26.600b

• India Monetary Policy Panel Differs on Future Rate Trajectory

• RBI’s Das Says India Needs Calibrated Action to Sustain Growth

• India Power Distributors’ Losses Jump 66.5% in FY21: Report

• India Test Fires Ballistic Missile from Submarine

• India Allows Wheat Flour Exports Under Advance Authorization

• India Forex Reserves Rise $204M to $532.9b in Week to Oct. 7

o India Official Reserves Rise After Nine Weeks of Decrease

• Stocks in India Post Weekly Drop on Inflation and Demand Worries

• Global Funds Sell Net INR10.1B of India Stocks on Oct. 14: NSE

o Domestic funds buy net 16.2b rupees of stocks

• Indian govt keeping watch on increasing trade deficit, says Sitharaman: PTI

• Coal is going to be back again as gas becoming unaffordable: FM Sitharaman: PTI

• Aditya Birla Capital Eyes Reliance’s Stake in Nippon Life JV: ET

• Adani Enterprises (ADE): Buys 100% stake in Kolkata-based Sibia Analytics for an undisclosed sum

• Adani Ports (ADSEZ): Adani Agri to Build Four Silo Complexes of 350,000 Tons Capacity

• Avenue Supermarts (DMART): 2Q profit +64% Y/y to 6.86b rupees; revenue +37% to 106.4b

• Bajaj Auto (BJAUT): 2Q net income +20% Y/y to 15.3b rupees, beats est. 14.38b; Revenue +16% to 102b

• Birla Corp (BCORP): Wins bid of Marki Barka Coal mines in Madhya Pradesh

• Coal India (COAL): Coal Giant Agrees $970 Million Deal in Chase to Add India Solar

• HDFC Bank (HDFCB): 2Q net income +20% Y/y to 106.1b rupees, meets est. 105.51b; Provisions +1.6% q/q to 32.4b; Gross NPA 1.23% vs. 1.28% q/q

• ICICI Prudential Life (IPRU): 2Q net income -55% Y/y to 1.99b rupees, 2Q net premium income +3.2% Y/y to 95.8b

• Just Dial (JUST): 2Q net income +59% Y/y to 522.1m rupees, beats est. 218.3m; Revenue +31% to 2.05b

• Larsen & Toubro Infotech (LTI): 2Q net income +23% Y/y to 6.8b rupees; revenue +28% to 48.37b

• Oberoi Realty (OBER): 2Q net income +19% Y/y to 3.19b rupees, misses est. 4.35b; Revenue -8.6% to 6.89b

• Shree Cement (SRCM): 2Q net income -67% Y/y to 1.9b rupees, misses est. 2.52b; Revenue +18% to 37.8b; Appoints Akhoury as MD in Top Management Rejig

• State Bank of India (SBIN): Raises MCLR lending rates 25 BPs across tenors effective Oct. 15

• Tata Power (TPWR): Says Its IT Infrastructure Had a Cyber Attack, impacting some of its IT systems

• Ujjivan Financial (UJJIVAN): Plans to Merge With Ujjivan Small Finance Bank (UJJIVANS); To get 116 shares of Ujjivan Small Finance Bank for every 10 held

• Zee Entertainment (Z): Says Shareholders Approve Planned Merger With Sony