India Daybook – Stocks in News

*Natco Pharma:* Company to consider share buyback on March 8. (Positive)

*Pidilite:* Company to make Germany-based Jowat’s hot melt adhesive in India (Positive)

*Titagarh Wagons:* BHEL consortium emerges as 2nd lowest bidder (L-2) for Vande Bharat trainsets (Positive)

*Adani Wilmar:* Company launches Kohinoor Biryani kit; to help in preparing biryani in 30 minutes (Positive)

*Adani Green:* Company's 700 MW wind-solar hybrid plant becomes operational at Jaisalmer, Rajasthan (Positive)

*M&M Fin:* Mahindra Finance's total disbursement grew by 53% (YoY) at Rs 4,185 crore, while the loan book grew by 1.5% (MoM) (Positive)

*MOIL:* Company's February Manganese Ore production at 1.31 lakh tonnes, up 10% (YoY). (Positive)

*Pidilite:* Company to make Germany-based Jowat’s hot melt adhesive in India (Positive)

*TWL/BHEL:* Titagarh Wagons-BHEL consortium emerges as 2nd lowest bidder (L-2) for Vande Bharat trainsets. (Positive)

*Mastek:* Appoints Vijay Iyer As President Of Americas To Lead Growth In The Region (Positive)

*HDFC Life:* The company aims to achieve margin neutrality in FY23; sees room for margin expansion in FY24 despite the budget proposal (Positive)

*Steel Companies:* Indian Steel Mills have increased HRC/CRC prices by Rs 1,000-2,000/tonne for March (Positive)

*Zydus Lifesciences:* Company has received final approval from the United States Food and Drug Administration (USFDA) for Acyclovir Cream (Positive)

*Adani Ports:* Operational Update: February 2023 cargo volumes up 10% (YoY) (Neutral)

*Happiest Minds:* Board approves raising funds of up to Rs 125 cr via NCDs in three tranches (Neutral)

*KTK Bank:* Abhishek Sankar Bagchi Appointed As CFO Of Karnataka Bank w.e.f. March 2, 2023. (Neutral)

*HPCL:* Raises Rs 1650 Crores Via Pvt Placement Basis Of Debentures (Neutral)

*Indian Bank:* To Hike Lending Rates By 5-10 bps Across Tenures w.e.f. 3-March (Neutral)

*PVR:* Leading multiplex chain operator PVR to spend about Rs 450-500 crore of capex on new screens and the company (Neutral)

*Alembic Pharma:* Company to take impairment charge of Rs 1,150.43 cr

*News Headlines from Business News Agencies :*

*Business Standard :*

• GreenLine Logistics signs LNG supply agreement with Baidyanath LNG.

• Telecom operator Airtel reaches 1 mn customer mark on 5G network in Mumbai.

• NCLAT allows another round of bidding for bankrupt firm Reliance Capital.

• Sunteck Realty leases commercial space to Upgrad, to make Rs 2,000 cr.

• Investment giant Softbank offloads 3.8% stake in Delhivery for Rs 954 cr.

• Sebi passes interim orders against entities for stock manipulation via YouTube.

• US consumer tech firm Honeywell appoints Ashish Modi as India biz head.

• Housing.com and Niro come together to offer facility to pay rent on credit.

• Foreign Affairs Minister S Jaishankar meets Chinese counterpart Qin Gang.

• Russia can maintain oil output at pre-conflict levels, says JP Morgan.

• Betterhalf raises $8.5 mn funding from FinSight Ventures, Insta co-founder.

• Direct tax collection in FY23 likely to top govt's Revised Estimates

• Air India plans single pay structure, common seniority list for pilots

• Foxconn to set up electronics manufacturing facility in Telangana


*Economic Times :*

• Defence establishments being mapped under PM Gati Shakti: Piyush Goyal

• Alibaba and Ant venture to launch RISC-V chips for payments.

• Jishnu Barua becomes new chairperson of power regulator CERC.

• Akums Drugs & Pharmaceuticals forays into gummies segment, sets up manufacturing plant.

• NDPP-BJP gets majority in Nagaland Assembly, wins 33 seats

• EU antitrust chief says scrutiny of competition in metaverse already needed.

• Simplilearn appoints Andrew Wait to board of members.

• India extends support to Ajay Banga's nomination as next World Bank president.

• Honda to focus on premium products to grow India business.

• SBI may look to cut Yes Bank stake once lock-in ends.

• Our focus is to provide best choice up in the air and on ground as well: Praveen Iyer, Akasa Air.

• Steps by Centre to increase exports by MSME sector: Official

• India's insurers eye bigger marine pool for Russia shipments

• Greenko to raise $700 million via rights issue, values company at $7 billion


*Mint :*

• Reliance, Tata Power bid for ₹19,500-crore solar module incentive.

• ICICI Bank launches digital solutions for participants of capital market, custody services.

• Supreme Court asks president to appoint CEC, ECs upon advice of committee

• Julius Baer to ramp up Asia hiring after China reopening.

• SC asks probe panel to submit its report within two months in Adani-Hindenburg matter.

• G20 talks end without consensus on Ukraine-Russia war.

• Sebi bans Alchemy Capital founders from market for a year.

• RVNL consortium emerges as lowest bidder to manufacture 200 Vande Bharat trains.

• Adani Ports record 10% YoY growth in cargo volumes during Feb 2023.

• Govt writes to market regulator opposing $2.9 bn Hindustan Zinc-Vedanta deal

• PM Modi announces ‘Startup Bridge’ between India and Italy.

#WPIL gets 1200cr single order

#alliesfin #stockmarketindia #stocktowatch #investing

When we started covering the stock they had total order book of 900 odd cr, now one order of 1200 cr. Same was the case with #TWL from 1000 odd cr order book to close to 20000 cr now. This is same as what was seen in 2003-2007 with Simplex, Ncc, Kemrock and so on.

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 03-03-2023 :

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

*TOTAL NET BUY : +753* 😊

*INDEX FUT. : +3938*

*INDEX OPT. : -5501*

*STOCK FUT. : +2475*

*STOCK OPT. : -169*

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 03-MAR-2023 :

*FIIS : BUY +246 (6,969-6,723)* 🙂

*DIIS : BUY +2,090 (5,869-3,779)* 😄

*BSE SENSEX : +900 (59,809)🔼*

*NSE NIFTY : +272 (17,594)*🔼

*BSE MIDCAP. : +143 (24,596)*🔼

*BSE SMLCAP. : +188 (27,846)*🔼

*B. CRUDE : $ 82.84* 🔽 😊

*GOLD: $1848=INR 56,380(10gr)* ↔️ 😳

*SILVER : RS. 67,250 (kg) (5pm) 🔼 😊*

*FOREX : RS. $ 81.9650* 🔼 😄

*7.26% GOI '32 : 7.4161%(98.9475)* 🔽🙂

*7.54% GOI '36 : 7.4646% (100.61)*🔽 🙂

*7.41% GOI '36 : 7.4538% (99.61)* 🔽 🙂

*7.26% GOI NEW '33: 7.3970% (99.04)*🔽🙂

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 06-03-2023 :

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

*TOTAL NET BUY : +642* 😊

*INDEX FUT. : +1446*

*INDEX OPT. : -910*

*STOCK FUT. : -104*

*STOCK OPT. : +211*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 06-MAR-2023 :*

*FIIS : BUY +722 (7,035-6,313)* 😊

*DIIS : BUY +757 (5,659-4,902)* 😊

*BSE SENSEX : +415 (60,224)🔼*

*NSE NIFTY : +117 (17,711)*🔼

*BSE MIDCAP. : +177 (24,773)*🔼

*BSE SMLCAP. : +250 (28,096)*🔼

*B. CRUDE : $ 84.75* 🔼 😢

*GOLD: $1852=INR 56,400(10gr)* ↔️ 😳

*SILVER : RS. 67,350 (kg) (5pm) ↔️ 🙂*

*FOREX : RS. $ 81.91* 🔼 🙂

*7.26% GOI '32 : 7.4262%(98.88)* 🔼😔

*7.54% GOI '36 : 7.4774% (100.5025)*🔼 😔

*7.41% GOI '36 : 7.4762% (99.42)* 🔼 😩

*7.26% GOI NEW '33: 7.4057% (98.98)*🔼😔

*Mkt. Updates :*

*SGX Nifty -49 pts (17730) from Monday's last trade 17779 ,*

Nikkei +90 pts ,
Hangseng -278 pts ,
Now @6.52am .

Dow -574.98 pts ,Nsdq -145.40 pts, S&P -62.05 pts , Bovespa -472 pts , Ftse -10 pts , Dax -94 pts , Cac -33 pts , Crude @ $77.28 brl (-0.30), Brent @ $83.29 brl (-0.00) , Gold @ 1817.30 (-2.70), Silver @ $20.11 (-0.08), Euro @ $1.0542, JPY @ $137.36, INR @ 82.035


*US GOVT. 10-YEAR YIELD : 3.99%*


*Today's Corporate Action, 08 Mar Ex Date :*

GOKULAGRO
Right Issue of Equity Shares 
MARICO
Interim Dividend - Rs. - 4.5000
RAMAPPR-B
E.G.M. 
TRIVIKRAMA
E.G.M. 


*Today's Board Meetings, 08-Mar-23 :*

DEKSON
General  
PBGLOBAL
General  


*SEC. IN F&O BAN FOR, 08-Mar-23 :*

*NIL*

*News Headlines from Business News Agencies:*

*Business Standard :*

• Jindal Stainless to invest Rs 120 cr to set up two rooftop solar projects.

• Adani Group repays share-backed financing worth Rs 7,374 crore.

• PM asks India Inc to step up investment, take advantage of opportunities.

• Dealmakers in India should expect another strong year for M&As: JPMorgan

• Govt explains guidelines for paid endorsements by social media influencers.

• Slowdown in GDP growth late last year temporary: Moody's Analytics.

• Centre likely to discontinue second phase of Fame-II scheme after FY24.

• EPFO board likely to decide interest rate for FY23 on March 25, 26.

• Peak power demand in Delhi likely to reach 8,000 MW in late June-July.

• India playing significant leadership role with G20 Presidency: Argentina

• GQG founder to meet Australian investors after $1.9 bn Adani investment.

• From board permanency to audits, India Inc lags in corp governance: IiAS

• Vedanta may buy 6% more stake in Hindustan Zinc for Rs 7,900 cr

• Meta Platforms planning to lay off thousands more as early as this week


*Economic Times :*

• Dr Reddy's Lab recalls over 4,000 bottles of generic drug in US.

• Credit card outstanding rises 29.6 pc to reach record high level in Jan.

• Blue Star to take up expansion at Dadra and Sri City manufacturing facilities.

• Gujarat govt announces Rs 330 crore package for transport and storage of potatoes and onions.

• Genesis, IGL to invest Rs 110 cr to set up meter manufacturing plant.

• ISRO conducts parachute tests for Gaganyaan mission.

• Neiphiu Rio takes oath as Nagaland CM for fifth term.

• Power Grid Corporation board approves investments of about Rs 4,071 crore.

• HDFC Bank hikes loan interest rates; EMIs to increase further.

• Vedanta rolls out ‘Project Panchhi’ for recruiting 1000 girls.

• MFs, AMCs given more time to submit plea for auditor empanelment

• US makes it easier for international students to work

• Food-delivery firm Deliveroo CEO Will Shu visits Hyderabad tech hub

• Govt plans to create carryover stock of ethanol for next year on likely rise in E20 fuel demand

*Mint :*

• HAL signed contracts with Ministry of Defence for procurement of 70 HTT-40 trainer Aircraft worth over Rs. 6,800 crore.

• NCLT approves Suraksha group's bid for Jaypee Infratech.

• India's savings, investment on a higher trend, says SBI report.

• Paytm ties up with AP govt to drive financial inclusion, health, cyber security.

• Robust economic data releases ease fears of a global recession

• IMD predicts rain with thunderstorms in several parts of Odisha during Holi.

• Govt to bring smart electricity transmission system.

• RuPay, UPI technologies India’s identity in the world: PM Modi

• India's palm oil imports could jump to 4-year high on lower prices.

• ZEE settles royalty dues issue with artists’ body IPRS.

• Daily UPI transactions jump 50% to ₹36 cr, says RBI

• India, China vie for Russian ESPO blend crude imports: Report

• Malaysia's top palm oil producer warns El Nino may hit output

India Daybook – Stocks in News

*Ajanta Pharma:* Company to consider a proposal for buyback on March 10. (Positive)

*PVR:* Company opens 11 screen multiplex in Phoenix Marketcity, Chennai (Positive)

*Wipro:* Company open its Americas headquarters in East Brunswick, New Jersey (Positive)

*Coffee Day:* SAT grants stay on #imposition of Rs 26 crore penalty by Securities and Exchange Board of India (Positive)

*LTIMindtree:* Company launches new delivery center in Krakow, Poland (Positive)

*NTPC:* Company logs nearly 12 percent growth in electricity generation in April-February this fiscal year (Positive)

*Hero MotoCorp:* Company to collaborate with Zero Motorcycle for premium electric motorcycles (Positive)

*ONGC:* India's top oil explorer ONGC signs MoU with France's TotalEnergies (Positive)

*Allcargo:* Company to buy its partner CCI's contract logistics business (Positive)

*Paytm:* Company signed MoU with Andhra govt to empower merchants, street vendors. (Positive)

*PVR:* Company launched Lucknow's biggest 11-screen cinema post-merger with Inox (Positive)

*Power companies:* Icra revises thermal power sector outlook to ‘stable’ on strong demand, recovery of dues (Positive)

*Krsnaa Diagnostics:* Company has operationalized 100 Pathology Collection Centers (Positive)

*Stel Holdings:* Promoters acquired additional 3.7 Lakh Shares or 2.02% Stake from open Market (Positive)

*GAIL:* Board to consider interim dividend on March 13. (Positive)

*Sugar Companies:* Government may permit more sugar exports: Bloomberg (Positive)

*Steel Companies:* Indian steel mills have initiated a 2–5 per cent price hike sequentially across the benchmark hot rolled coils (Positive)

*Ashoka:* Company has received Notification of Award (NoA) from North Bihar Power Distribution Company Limited (NBPDCL) for the Project (Positive)

*NBCC:* Company wins three work orders totalling of Rs 541 crore (Positive)

*IGL:* Company has signed a joint venture agreement with Genesis Gas Solution (Positive)

*ZEE Ent:* Company and IPRS have entered into a settlement agreement (Positive)

*Power Grid:* Board approves investment of approx Rs 524 cr for Eastern Region Expansion Scheme. (Positive)

*Vardhman Special:* VSSL join hands with Toyota’s Global Supply Chain to start mass production of steel (Positive)

*Adani Group:* Prepays Rs 7374 Crores ($ 902 Mn) of Share backed financing (Positive)

*HAL/L&T:* Ministry of Defence signs contracts with Hindustan Aeronautics for procurement of 70 HTT-40 trainer aircraft worth over Rs 6,800 cr and with L&T (Positive)

*Lokesh Machine:* Co. has setup a new Division for the manufacture of Defense and Aerospace components at Medchal Hyderabad (Positive)

*Blue Star:* Launches New Range Of Deep Freezers Manufactured At Company’s New Wada Factory (Positive)

*Sun TV:* To consider inter alia, declaration and payment of Interim Dividend on 13th March (Neutral)

*Ujjivan”* To consider the proposal of declaration of interim dividend for the financial year 2022-23 on 10th March (Neutral)

*Bandhan Bank:* Opened of its Mega Currency Chest in Kolkata (Neutral)

*Gail:* To consider the recommendation for payment of Interim Dividend for FY 2022-23 on 13th March (Neutral)

*Sun Pharmaceutical:* The company has completed acquisition of biopharmaceutical company Concert Pharmaceuticals (Neutral)

*SBI Life:* To Consider and Declare Payment of Interim Dividend On Equity Shares (Neutral)