India Daybook – Stocks in News


Gland Pharma: Company gets US FDA nod to manufacture Cyanocobalamin (Positive)

ICICI Lombard: Gross premium up 18% at ₹5,303 cr vs ₹4,508 cr, Net earned premium up 18% at ₹3,837 cr vs ₹3,250 cr (YoY) (Positive)

Schaeffler India: Net profit up 26.1% at Rs 215.3 cr Vs Rs 170.8 cr. Revenue up 18.1% at Rs 1,756.4 cr Vs Rs 1,487.5 cr (YoY) (Positive)

BEL: Company has signed MoU with Munitions India Limited (to address the requirements of Ammunition, Explosives and related systems (Positive)

Shalby: Net profit up 72% at Rs 18.4 cr Vs Rs 10.7 cr, Revenue up 11.1% at Rs 201.7 cr Vs Rs 181.6 cr (YoY). (Positive)

Adani Ent: Adani Defence & Aerospace has signed a definitive agreement to acquire Air Works (Positive)

KPI Green: Net profit up 72.7% at Rs 21.2 cr Vs Rs 12.3 cr, Revenue at Rs 159.8 cr Vs Rs 57.4 cr (YoY) (Positive)

Reliance Ind: Jio added 32.8 lakh subscribers during August (Positive)

L&T Technology: The company recorded a 23 percent growth in profit at Rs 283.2 crore for Q2FY23 (Positive)

Praj Industries: The company registered a massive 44.4 percent year-on-year growth in consolidated profit at Rs 48.13 crore YoY. (Positive)

Harsha Engineers: The company has issued Letter of Intent (LOI) to Clean Max Enviro Energy Solutions for setting up of hybrid power project in Gujarat. (Positive)

Anant Raj: The company more than doubled its consolidated profit to Rs 33.74 crore for quarter ended September FY23 (Positive)

Prestige Estate: Q2 sales at Rs 3,511 cr up by 66% YoY (Positive)

ZEEL: Buyers in block deal were Nomura, Aditya Birla Sun Life, Avendus, BNP Paribas, BofA Sec, Citi, Copthall, Edelweiss MF, Franklin, ICICI Pru Life, Goldman Sachs, Invesco, Societe General, Tata AIA Life, Tata MF and others (Positive)

Vodafone: Board to consider fundraising on Oct 21 Via issuance of debenture securities convertible into equity shares on a preferential/private placement basis to a vendor (Neutral)

PEL: Piramal Pharma to get listed on the exchanges today (Neutral)

HFCL: Net profit up 0.3% at Rs 81.8 cr Vs Rs 81.6 cr, Revenue up 4.6% at Rs 1,173.5 cr Vs Rs 1,122.1 cr (YoY) (Neutral)

Brightcom Group: Board updated on final settlement terms with Daum Corporation to complete the outstanding Lycos deal, legal encumbrances removed. (Neutral)

Mahindra CIE: Net profit up 3% at Rs 171.3 cr Vs Rs 166.3 cr, Revenue up 30.3% at Rs 2,723.1 cr Vs Rs 2,090.6 cr (YoY) (Neutral)

JMC Projects: The company has raised Rs 75 crore via NCDs as it has allotted 750 non-convertible debentures of the face value of Rs 10 lakh (Neutral)

GAIL: Company declared a Successful Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of JBF Petrochemicals (Neutral)

RPG Life: Net profit up 26.8% at Rs 20 cr Vs Rs 15.8 cr (YoY) Revenue up 19.7% at Rs 134.8 cr Vs Rs 112.7 cr (YoY) (Neutral)

Bharti Airtel: Airtel added 17.2 lakh users in August (Neutral)

Samvardhana Motherson: Japan-based Sojitz Corporation has sold 12.8 crore equity shares

JSW Ispat: Cons net loss of Rs 209.1 cr Vs loss of Rs 36.9 cr, Cons operating revenue at Rs 757. 5 cr Vs Rs 1,437.6 cr (YoY)

Tinplate: The company posted a loss of Rs 35.1 crore for Q2FY23, against a profit of Rs 75 crore YoY

Network 18: Network18 Group posted a consolidated loss of Rs 28.84 crore for the quarter ended September FY23

TV18 Broadcast: TV18 Group has reported a consolidated profit of Rs 10.28 crore against a profit of Rs 231.40 crore YoY

What most Folks are focussed on:
Diwali Picks !! ✨
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A good piece of information on current affairs for general knowledge only. Nothing to do with pensioners issues and no politics.

Dollar flying or Rupee falling (Well Explained)

If someone has basic knowledge of economics will know answer of this question. But in India, standard of journalist and leaders is so low that they even don't know basics.

This thread will answer - dollar flying or rupee falling

There are around 200 countries in the world and each have their respective currency and all currencies maintain exchange rate with currencies of other countries.

Exchange rate of currency depends upon supply and demand of that currency.

Now the question is dollar is strengthening or rupee is weakening?

Check USD INR performance of last one year:

Oct 2021 : 1 USD = Rs 75
Oct 2022 :1 USD = Rs 82

Its due to good performance of USD or due to bad performance of INR ? We can't say.

To check this, we have to find :

1. How Rupee is performing against other major currencies of the world.
2. How other currencies are performing against USD.

If Rupee is falling against other currencies also then we can say rupee is falling. If other currencies also fall agnst USD then we can say USD is strengthening.

British Pound, Euro and Japanese Yen are the other major currencies of the world. Lets check Rupee vs Pound
Oct 2021: 1 GBP= Rs 104
Oct 2022: 1 GBP = Rs 92

So in 1 Last Year Rupee strengthened against GBP.

Let's check Rs vs Euro:

Oct 2021: 1 Euro = Rs 88
Oct 2022: 1 Euro = Rs 82

So Rs. strengthened against Euro also.

Lets check Rs vs Yen:

Oct 21:1 Yen = 0.65 Rs.
Oct 22:1 Yen = 0.55 Rs.

So Rs strengthened against Yen also.

In last one year Rupee weakened against dollar but strengthened against all major currencies. It gives an indication that Rupee is not falling.

Let's check performance of these currencies against dollar:

For that we need to check dollar index.
Dollar index measures relative performance of dollar against 6 major currencies of world including GBP, Euro n Yen.

Oct 21: USD value agst 6 major currency = 93
Oct 22: USD value agst 6 major currency = 112

So it proves that rupee is not falling, its actually dollar is strengthening. Rupee is fighting bravely against dollar and performing very well compared to other currencies and India really deserve appreciation for it.

Reason for this:
Petrol import covers 30-40% of our total import bill.

In last 1 year, due to Russia Ukraine war, prices of oil and gas has sky rocketed.
Indian import bill is getting higher.
Oil is traded in USD.
Import high, export less means demand for USD high, demand for INR less.

So despite of such negative condition, INR is fighting bravely and performing well against other currencies.

Now let me tell the reason why Dollar has sky rocketed. Reason is US federal reserve rate that was 0 in Feb 2022 but now its 3.5%.

Now understand that
American banks need to maintain a fixed amount to US fed bank and for that on daily basis they keep taking loan from other banks and interest rate on that loan is called fed interest rate.

When fed increases that interest rate then all investors of the world, take out money from their current investment and invest into US fed bank coz investment in Fed bank is considered safest investment in difficult situation.

U can invest in fed bank only in USD so u need USD for it. So demand of USD increases and prices of USD goes high. Exactly this has happened in the last six months.
t.me/alliesfin

Why fed increased interest rate ?
To control the inflation.

As interest goes up, interest rate of saving account, FD also increases, credit card, home loan interest goes high. People stop spending and start investing, circulation of money goes down in market, demand goes down and prices comes down.

Basic economics:

So to control inflation, US increased fed rates. Due to that USD demand increased and USD strengthened agst all currencies.

So final conclusion: USD is strengthening, Rupee is not weakening. But I will tell u one case when actually Rupee weakened and that happened in during 2008-14.
Check the fed rates of last 40 years.

Fed rates were 0 during 2010-14

Now check the dollar index of last 40 years

2001-03 and 2022
was the time time when dollar was very strong.
2008-14 was the time when dollar was weak against all those 6 currencies.

Now check performance of Rs and USD during 2008 -2014:

2008 : 1 USD = Rs 40
2014 : 1 USD = Rs 63
T.me/AlliesFin
Even when dollar was weak globally, Fed rates were 0, INR kept falling and fell around 50%. That's called Rupee is falling. So now u have all data. U know basic economics.

Dollar flying or Rupee Falling,
Well explained...
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https://telegram.me/AlliesFin/12219

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"When people don’t pay the true cost of something, they tend to consume it inefficiently."
Axiit

Dow -99.99 pts ,Nsdq -91.89 pts, S&P
-24.82 pts , Bovespa +531 pts , Ftse -11 pts , Dax -24 pts , Cac -26 pts , Crude @ $85.89 brl (+0.34), Brent @ $92.13 brl (+0.72) , Gold @ 1631.50 (-2.70), Silver @ $18.35 (-0.00), Euro @ $0.9762, JPY @ $149.87, INR @ 83.015


US GOVT. 10-YEAR YIELD : 4.15%


Today's Corporate Action, 20 OCT , EX- Date :

ANANDRATHI
Interim Dividend - Rs. - 5.0000
ANGELONE
Interim
Dividend - Rs - 9.0000
IRBINVIT
Income Distribution (InvIT)
JAICORPLTD
Dividend - Rs. - 0.5000


Today's Key Results/Board Meetings, 20-Oct-22 :

ITC, Asian Paints, Axis Bank, Bajaj Finance, Tata Consumer Products, Colgate Palmolive, Aarti Drugs, Canara Bank, Central Bank of India, Clean Science and Technology, Coforge, Dixon Technologies, Happiest Minds Technologies, ICRA, Indian Energy Exchange, ICICI Securities, L&T Finance Holdings, Mphasis, Nazara Technologies, Shriram Transport Finance, Symphony, Tanla Platforms, United Breweries, Union Bank of India, and UTI Asset Management Company will be in focus ahead of September FY23 quarter earnings on October 20.


SEC. IN F&O BAN FOR, 20 OCT, 2022 :

1 BHEL 2. DELTACORP 3. IBULHSGFIN 4. INDIACEM 5. ZEEL

ADDITION : NIL
DELETION : NIL

*Mkt updates :*

*SGX Nifty -50 pts (17495) from last trade 17545 ,*

Nikkei -121 pts ,
Hangseng +51 pts ,
Around @ 6.56am .

Dow -90.22 pts ,Nsdq -65.66 pts, S&P
-29.38 pts , Bovespa +896 pts , Ftse +18 pts , Dax +26 pts , Cac +46 pts , Crude @ $85.98 brl (+0.00), Brent @ $92.38 brl (+0.00) , Gold @ 1629.70 (-7.10), Silver @ $18.535 (-0.15), Euro @ $0.9773, JPY @ $150.21, INR @ 82.825


*US GOVT. 10-YEAR YIELD : 4.23%*


*Today's Corporate Action, 21 Oct Ex Date :*

ANJANIFOODS
Stock  Split From Rs.10/- to Rs.2/-
ATAM
Bonus issue 1:1 
AXITAStock 
Split From Rs.10/- to Rs.1/-
PERFEPA
Stock  Split From Rs.10/- to Rs.2/-REGENCY
Bonus issue 1:1 
TAINWALCHM
E.G.M.   
UNIVPHOTO
Special Dividend - Rs. - 10.0000
VGIL
Final Dividend - Rs. - 0.2000


*Today's Key Results/Board Meetings, 21-Oct-22 :*

Reliance Industries, Hindustan Unilever, Bajaj Finserv, HDFC Life Insurance Company, JSW Steel, SBI Life Insurance Company, Ambuja Cements, Hindustan Zinc, Amber Enterprises India, CSB Bank, DLF, Finolex Industries, IDBI Bank, IRB Infrastructure Developers, and United Spirits will be in focus ahead of quarterly earnings on October 21.


*SEC. IN F&O BAN FOR, 21 OCT, 2022 :*

*1 BHEL 2. DELTACORP 3. IBULHSGFIN 4. INDIACEM 5. ZEEL*

*ADDITION : NIL*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 300 Billion*

• Google Hit With $162 Million India Fine Over Android Dominance

• India May Impose Time Limits on Pulses Stockpiles With Importers

• Carlyle, Advent Get India Antitrust Nod for Yes Bank Stake Buy

• Axis Bank Profit Beats Estimates Aided by Strong Loan Growth

• Bajaj Finance Quarterly Profit Surge Buoyed by Income From Loans

• Modi-Linked Hindu Group Stirs Muslim Tensions Ahead of Elections

• India’s SEBI Allows Brokers to Bid on RFQ Platform for Bonds

• India 2022-23 Domestic Edible Oil Supplies Seen Rising 7.5% Y/y

• India Sovereign Fund Is Said to Pause Investing Amid CEO Search

• Indian Rupee Primed for More Losses

• India’s Rupee Woes Linger As Currency Craters to New Record Low

• Moody’s Sees Limited Impact of Weaker Rupee on India Cos’ Credit

• Hindustan Unilever’s Profit Seen Hurt by Rural Slump: Preview

• JSW Steel to Report Results; Shares Down 4.8% YTD: Preview

• Reliance to Report Results; Shares Up 5.8% YTD: Preview

• Global Funds Buy Net INR18.65B of India Stocks on Thursday: NSE

o Domestic funds sell net 8.87 billion rupees of stocks

• SEBI Approves Govt Plan to Convert Vodafone Idea Dues to Equity: Reuters

• Administrator proposes to reconstruct Reliance Capital into 4 CICs: PTI

• Asian Paints (APNT): To buy 51% stake in Harind Chemicals for INR127.5m

• Axis Bank (AXSB): Axis Bank 2Q Net Income +70% Y/y to 53.3b rupees, beats est. 44.46b, provisions +53% Q/q to 5.5b; gross NPA 2.5% vs. 2.76% q/q

• Bajaj Finance (BAF): 2Q Net Income 27.8B Rupees Vs. 14.8B Rupees Y/y; Revenue +29% to 99.7b

• Coforge (COFORGE): 2Q net income +37% Y/y to 2.01b rupees, beats est. 1.95b; revenue +25% to 19.6b

• Dhanlaxmi Bank (DHLBK): To hold extra-ordinary general meeting Nov. 12

• Dixon Technologies (DIXON): 2Q net income +23% Y/y to 772.5m rupees, beats est. 721.4m; revenue +38% to 38.7b

• Happiest Minds (HAPPSTMN): 2Q Net income 594.1 million rupees, +34% y/y

• ICICI Securities (ISEC): 2Q net income -15% Y/y to 3b rupees, beats est. 2.76b; revenue +0.2% to 8.58b

• Indian Energy Exchange (IEX):2Q net income -10% Y/y to 700.6m rupees, beats est. 691.8m; revenue -13% to 952m

• ITC (ITC): 2Q net income 44.66 billion rupees, +21% y/y, estimate 42.89 billion rupees

• L&T Finance (LTFH): 2Q net income +81% Y/y to 4.06b rupees, beats est. 3.62b; revenue +6.1% to 31.4b

• PNB Housing (PNBHOUSI): Says CEO Hardayal Prasad Resigns, Kousgi to Succeed

• Shriram Transport (SHTF): 2Q Net Income +39% Y/y to 10.7b rupees, beats est. 10.27b; revenue +14% to 53.5b

• Tata Consumer (TATACONS): 2Q Net Income +22% Y/y to 3.28b rupees, beats estimate 2.76b; revenue +11% to 33.6b

• United Breweries (UBBL): 2Q net income 1.34 billion rupees, +66% y/y

• UTI AMC (UTIAM): 2Q net income 2b rupees Vs. 1.99b Y/y; Revenue +15% to 4.36b

• Yes Bank (YES): Carlyle, Advent Get India Antitrust Nod for Yes Bank Stake Buy

🇮🇳BSE - NSE HOLIDAYS📊

1- Monday 24 October
2- Wednesday 26 October

Special Diwali Muhurat Trading of 1 hour at 6.15 pm to 7.15 pm

Regular Trading hours 9.15 am to 3.30 pm on Tuesday 25 Oct 2022.

Very Important
Stocks bought on Friday 21 Oct 2022 can not be sold on Monday 24 Oct Diwali Session & also cannot be sold on Tuesday 25 Oct in regular session.

🪔🪔🪔🪔🪔✨✨✨✨

RIL to demerge financial services undertaking and list Jio Financial Services

https://www.moneycontrol.com/news/business/ril-to-demerge-financial-services-undertaking-and-list-jio-financial-services-9373621.html

*Trading Tweaks*

*List of securities shortlisted in ASM Framework w.e.f. October 24, 2022*

1. BLS International Services Ltd*
2. Bonlon Industries Ltd
3. Goyal Aluminiums Ltd
4. Mac Hotels Ltd
5. Mayukh Dealtrade Ltd

*List of securities which shall continue in ASM framework but shall be moved to respective Lower Stage ASM w.e.f. October 24, 2022*

1. Gujarat Hy-Spin Ltd
2. International Travel House Ltd
3. Karan Woo Sin Ltd
4. Kuberan Global Edu Solutions Ltd
5. Lehar Footwears Ltd
6. Ruttonsha International Rectifier Ltd
7. Sindhu Trade Links Ltd
8. Xpro India Ltd
9. Sonal Mercantile Ltd
10. Shanti Educational Initiatives Ltd

*List of securities moving out of ASM Framework w.e.f. October 24, 2022.*

1. Ador Multiproducts Ltd
2. Bharat Road Network Ltd
3. Cinevista Ltd
4. Duroply Industries Ltd
5. Evexia Lifecare Ltd
6. Excel Realty N Infra Ltd
7. First Fintec Ltd
8. GCM Commodity & Derivatives Ltd
9. Glittek Granites Ltd
10. GRP Ltd
11. IFL Enterprises Ltd
12. Indokem Ltd
13. Jayshree Chemicals Ltd
14. Kamadgiri Fashion Ltd
15. Lee & Nee Softwares Exports Ltd
16. Nakoda Group of Industries Ltd
17. Navkar Urbanstructure Ltd
18. Osiajee Texfab Ltd
19. Shankar Lal Rampal Dye-Chem Ltd
20. Soma Textiles & Industries Ltd
21. Suumaya Corporation Ltd
22. Taylormade Renewables Ltd
23. Vardhman Polytex Ltd
24. Advance Syntex Ltd
25. Deep Energy Resources Ltd
26. Mauria Udyog Ltd
27. Mefcom Capital Markets Ltd
28. Mystic Electronics Ltd
29. Panorama Studios International Ltd
30. Ravinder Heights Ltd
31. Sal Automotive Ltd
32. Seasons Textiles Ltd
33. Shemaroo Entertainment Ltd
34. Sunil Agro Foods Ltd
35. V B Industries Ltd
36. Gujarat Investa Ltd
37. India Lease Development Ltd
38. Milkfood Ltd
39. Ravi Kumar Distilleries Ltd
40. Galactico Corporate Services Ltd
41. IND Renewable Energy Ltd
42. Tree House Education & Accessories Ltd
43. Atlanta Ltd
44. Ikab Securities & Investment Ltd
45. Galaxy Cloud Kitchens Ltd

*List of securities shortlisted in Short Term 5/15/30 Days ASM Framework w.e.f. October 24, 2022.*

1. BFL Asset Finvest Ltd
2. Cravatex Ltd
3. Parmax Pharma Ltd
4. Piccadily Agro Industries Ltd
5. Spenta International Ltd
6. Tips Films Limited*
7. Zodiac-JRD-MKJ Ltd

*List of securities which shall continue in Short Term 5/15 Days ASM framework but shall be moved to respective lower Stage ASM w.e.f. October 24, 2022.*

1. Oscar Global Ltd

*List of securities moving out of Short Term ASM Framework w.e.f. October 24, 2022.*

1. Dhani Services Ltd
2. Magnum Ventures Ltd
3. Pressman Advertising Ltd
4. Pritish Nandy Communications Ltd
5. Som Datt Finance Corporation Ltd**
6. Vinayak Polycon International Ltd**

*Graded Surveillance Measure (GSM) - List of securities moving into their respective GSM Stages with effect from October 24, 2022*

1. Servoteach Industries Ltd - Moved to GSM stage 2
2. Omkar Pharmachem Ltd - Moved to GSM stage 2
3. Sashwat Technocrats Ltd - Moved to GSM stage 3
4. Thambbi Modern Spinning Mills Ltd - Moved to GSM stage 3
5. Parenteral Drugs India Ltd - Moved to GSM stage 3
6. Grand Foundry Ltd - Moved to GSM stage 3

*CHANGE IN PRICE BAND with effect from October 24, 2022*

1. Cargotrans Maritime Limited - 20%
2. Cargosol Logistics Limited - 20%
3. STEELMAN TELECOM LIMITED - 20%
4. Trident Lifeline Limited - 20%
5. SILICON RENTAL SOLUTIONS LIMIT - 20%
6. REETECH INTERNATIONAL CARGO AN - 20%
7. Concord Control Systems Limite - 10%
8. INSOLATION ENERGY LIMITED - 10%
9. Dc Infotech and Communication Ltd - 10%
10. Techindia Nirman Ltd - 10%
11. Omkar Speciality Chemicals Ltd - 10%
12. Goyal Aluminiums Ltd - 10%
13. Rajeshwari Cans Ltd - 10%
14. Delhivery Ltd - 10%
15. Tips Films Ltd - 10%
16. Rich Universe Network Ltd - 5%
17. Jayant Infratech Ltd - 5%
18. Jindal Poly Investment and Finance Company Ltd - 5%
19. Diggi Multitrade Ltd - 5%
20. Brady & Morris Engineering Company Ltd - 5%

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you have to pay : 10% TAX (LTCG).

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to all the traders and investors in our community.

Mother is a biggest trader
and
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