CENTRE FOR RETAIL INVESTORS

2022-09-01 18:54:40 https://linkintime.co.in/MIPO/Ipoallotment.html

Dreamfolks Services IPO Allotment Live Now ओपन / कमेंट

2022-08-31 09:54:23 For us, Jains today is the day of forgiveness and to ask sorry for all our deeds and leave the past behind.

On this sacred occasion of Samvatsari I beg apology from all of you for knowingly or unknowingly causing any pain or discomfort by my deeds, actions or words.

Micchami Dukkadam ओपन / कमेंट

2022-08-30 05:18:32 ओपन / कमेंट

2022-08-29 06:48:08 Zerodha ओपन / कमेंट

2022-08-29 05:52:46 ·       Alliance Integrated informed to the exchanges that it has received a work order from VRC Constructions (I) Pvt. Ltd. for the project named as "Dabwali-Chautala Project" for the location Dabwali (Haryana).- positive

·       Goa Carbon has informed to the exchanges regarding resumption of operations at the Company's Bilaspur Unit.- positive

·       GIC Housing Finance has stated that it is considering raising up to Rs2,500 crore by issuing bonds on a private placement basis. – positive

·       DLF: Company expects its new luxury housing development in Panchkula, Haryana, to generate sales income of almost Rs1,300 crore due to an increase in demand for independent floors. Valley Gardens, a new 34-acre project by DLF, has begun construction in Panchkula. - positive

·       Granules India received a 'Voluntary Action Indicated (VAI)' from U.S. FDA after inspection at the Chantilly, Virginia plant. VAI inspection classification indicates that the U.S. FDA will not recommend regulatory action.- positive

·       Rice exporters negative - Government will likely restrict some rice exports as its domestic supply is under threat. The government is discussing curbs on broken rice exports, which account for almost 20% of India’s shipments abroad, as local prices have soared – Negative for rice exporter like LT Foods and Dawaat

·       IDBI Bank CEO Sees Scope For Rs 19,500 Crore Recovery In Bad Loans Amid Stake Sale Report – Higher valuation may positive on IDBI Bank but fundamental is a concern

·       Kotak Mahindra Investments appoints Amit Bagri as Managing Director – Positive for Kotak Bank

·       Delhivery India has announced plans to create over 75000 seasonal jobs pan-India, over the next 6 weeks. This will cater to the significantly higher volumes during the festive season with both its parcel and express part-truckload businesses. – positive

·       HPL Electric and Power an established electrical equipment manufacturing company in India, has received the "Empanelment Certificate" from the Ministry of Power through its arm, Rural Electric Corporation (REC).- Positive

·       Gokul Agro Resources Ltd board to consider rights issue worth Rs50cr – positive

·       Bedmutha Industries - Acuite has assigned its long term rating of ACUITE BBB- (read as ACUITE triple B minus) and short term rating of ACUITE A3 (read as ACUITE A three) to Rs. 259.29 Cr of bank loan facilities - Avoid

·       Insurers stocks Focus as Rules Seek to Curb Costs: Insurance firms in India advance after regulator IRDAI issued draft rules aimed at revamping commission structure in the sector, a move analysts see as potentially enhancing companies’ performance ratios. The proposed rules bring a greater discipline in the way insurance products are sold and the commission rate of intermediaries will be linked to the persistency status of the policies sold. The draft rules will change the existing rules where payouts are based on premium paying term. The draft rules are a refinement of the existing regulations and in the right direction, as the insurance industry turns incrementally mature  - expects positive for New India Assurance, SBI Life rises, Star Health, ICICI Lombard and HDFC Life ओपन / कमेंट

2022-08-29 05:52:46 ·       Zuari Agro Chemicals - Television channel CNBC-TV18 in a tweet said that the company was looking at selling its stake in Mangalore Chemicals, without citing where it received the information.  Zuari Agro is talks to offload Mangalore Chemicals stake to Chambal Fertilisers; sale proceeds to be used to repay debt. Zuari Agro is holding 54% stake in Mangalore Chemical – Positive for Zuari Agro

·       United Spirits - Liquor giant Diageo Plc’s Indian arm is a standoff with government officials over price caps that have already cost the company almost $9 million in sales, and some say might backfire. United Spirits has halted whiskey sales in a number of states yet to budge on price caps despite rising inflation – we are long term positive
·       Lupin has received approval from the Medicines and Healthcare products Regulatory Agency (MHRA) UK to market a generic version of Spiriva . Tiotropium is used to relieve wheezing, shortness of breath, coughing, and chest tightness in patients and company launch of Desvenlafaxine Extended-Release Tablets, an approval from the USFDA - positive

·       Mazagon Dock Shipbuilders and other ship builders stocks   - Financial Express newspaper reported that nation’s biggest submarine maker is eyeing potential orders of more than 1.59 trillion rupees from the Indian Navy – Positive for Mazagon Dock, Garden Reach, Cochi Refinery and may positive on Adani Ports highest port in India (12 Ports)
·       ,
·       Yes Bank  - Cerberus Capital Management are looking to place a joint bid for Yes Bank's Rs 48,000 crore worth of bad loans which are on sale. According to three people in the know, the race has entered its final stages, with the challengers looking to place a competing offer to beat JC Flowers & Co. by early September. – Bloomberg News – Avoid on Yes Bank due to poor fundamental.

·       Tata Motors Launches £375m Term Loan to Syndication, proceeds are partly for refinancing – Positive for re-financing its debt

·       Dredging Corporation - Brickwork Ratings has downgraded the rating with a revision in the outlook for the outstanding Tax-Free Bond issue of Rs58.88 crore of the company. Brickworks has revised the rating to ‘BWR A+’ with a Negative outlook. – Avoid

·       India Cumulative Monsoon Rainfall 8% Above Normal as of Aug. 26 - India has so far received 717.6 millimetres of rains during the current monsoon season, which runs from June through September, compared with a normal of 664.7 millimetres – Positive for Auto, FMCG sectors on expectation of improve demand.

·       Spandana Sphoorty – India Ratings and Research Private Limited (Ind-Ra) has affirmed Company's NCDs and Bank Loans at 'IND A/Stable’ worth Rs1300cr – Positive

·       Indiabulls Housing completion disposals of 100% stake in four of its subsidiary  for Rs580c. Namely Airmid Developers Limited, Mariana Developers Limited, Albina Properties Limited, and Flora Land Development Limited to an independent third-party buyer 'Elan Limited' for an aggregate sale consideration of Rs580 crore, -- Positive

·       Adani Group announced an open offer of Rs 31,000 crore on Friday to purchase a 26% interest in Swiss business Holcim's two Indian listed firms, ACC and Ambuja Cements. In May of this year, the Adani Group announced a deal to acquire a controlling stake in Holcim Ltd.'s Indian businesses for USD 10.5 billion.- Positive for ACC and Ambuja Cement

·       Shukra Pharma has considered and approved fund raising proposal by way of offer and issue of equity shares to the existing members of the Company on rights basis (Rights Issue), at such price and right entitlement ratio as may be decided by the Board members, for an amount aggregating up to Rs19 crore –Avoid

·       EaseMyTrip, one of India's major online travel tech companies, is the Asia Cup Cricket 2022's official co-powered sponsor. EaseMyTrip is participating in the Asia Cup for the first time. –positive ओपन / कमेंट

2022-08-29 05:52:46 (United Spirits), Cerberus Looks To Tie Up With Arcil For Yes Bank Stressed Assets, Court approves SsangYong Motor's rehabilitation plan (M&M), Govt. Likely to Curb Some Rice Exports in Risk to Global Supply, NTPC to Invest $1.5B in Talcher Power Project in Eastern India.

·       IRCTC withdraws tender to monetise customer data over privacy concerns -  The Indian Railway Catering and Tourism Corporation (IRCTC), due to privacy concerns, withdrew a contentious tender for the employment of a consultant to monetise its passenger and freight customer data, officials said on August 26 - negative

·       RIL makes Rs 5.6k-cr initial offer for Metro Cash & Carry - Reliance Retail has submitted a non-binding bid of around Rs 5,600 crore to acquire Metro Cash and Carry’s India operations and assets, which are up for sale, said three industry executives aware of the development. – Long term positive.

·       ICICI Lombard launched its latest line-up of 14 new or enhanced insurance solutions, including riders/add-ons and upgrades across Health, Motor, Travel and Corporate segments. – positive

·       UltraTech Cement announced the commissioning of cement capacity of 1.3 mtpa at Dalla Cement Works, Uttar Pradesh, resulting in the Unit's capacity increasing to 1.8 mtpa. – positive

·       Andhra Paper approved a capital expenditure amounting to Rs. 400 Crores to re-build and upgrade the existing Pulp plant to improve the reliability and efficiency of the Pulp Mil – positive.

·       Tata Steel signs MoU with Punjab Government to set up a steel scrap based electric arc furnace steel plant – positive

·       Glenmark Pharma had earlier announced regarding the US FDA inspection at Glenmark's Goa (India) facility from May 12 to May 20, 2022 and issuance of Form-483 by US FDA with five observations. The Company has received a communication from the US FDA indicating the inspection classification as "Official Action Indicated" (OAI). The OAI classification implies interalia that the US FDA may withhold approval of any pending product applications or supplements filed from this facility till the outstanding observations are resolved. – Expects volatile on the stock.

·       Maruti – Even as the car market is on the cusp of a significant change in technology, Maruti Suzuki, the country's largest car maker, is betting on small cars and 'hybridisation'. "This is what we set out to do, to motorise India and give Indian consumers the affordable kind of transport," its chairman RC Bhargava told ET in an interview. – positive

·       Jindal Steel, NMDC and Vedanta focus on – Supreme court raised a production cap on iron ore mined in state of Karnataka, a move that could improve local supplies and aid miners including billionaire Anil Agarwal’s Vedanta. The Supreme Court increased the annual production limit to about 50mt from 35mn tons earlier – Positive for Jindal Steel, NMDC and Vedanta

·       NTPC approves investment for Talcher thermal power project at an estimated cost of Rs11844cr ($1.5 billion) – positive

·       M&M - A Seoul court on Friday approved SsangYong Motor Co.'s rehabilitation plan, as its creditors and other related parties accepted the plan despite their financial losses – Positive

·       Adani Enterprises Ltd.’s unit Vishvapradhan Commercial Pvt. has responded to NDTV’s founder firm saying a move to exercise warrants is not in violation of a restraint order by markets regulator SEBI.- Positive on Adani Enterprises

·       SAIL the country's largest steel producer, has selected the HPE GreenLake edge-to-cloud platform for its Bokaro Steel Plant to modernize its critical SAP environment, accelerate its digital transformation agenda and  reduce its environmental footprint – positive

·       Gensol Engineering has won contracts from Indian states of Jammu & Kashmir, Gujarat, Punjab, Rajasthan, Tamil Nadu and Telangana for building 55.8MW solar power plant– positive, stock has already run up significantly, ओपन / कमेंट

2022-08-29 05:52:46 News and Impact - 29 Aug 2022

·       Expect market to open on a weak note on account of sharp decline across the global market. Sentiment has been dampened after the US Federal Reserve Chair Jerome Powell's hawkish inflation speech at the Jackson Hole meeting. The Dow plummeted 1,008 points, or 3 while Nasdaq Composite dropped nearly 4% or 500 points on Friday. Asian markets slipped over 2% and SGX Nifty declined by 400 points or over 2%. US Dow Future fell by 300 points or 1%. US Fed Chairman signaled the Fed will likely keep raising interest rates and leave them elevated for a while to contain high inflation. His comments disappointed investors who had hoped inflation had peaked and the Fed would shift from raising rates to lowering them sometime next year. Expectation that the US Fed to hike more than 75bps interest rate in the next policy meeting and may continue till the inflation fell to reasonable level. US Dollar Index surged 20-year to 109 and 10-year bond spiked by 5bps to 3.10%. Traders caution apply in the market. However, domestic sentiment is positive due to above normal monsoon, impressive quarterly results and stable oil price. Short term traders buying opportunity at lower level on auto (Maruti, M&M), banks (SBI, HDFC Bank, ICICI Bank), FMCG (Hindustan Unilever), metal (Hindalco, Tata Steel), Trent, ABFRL.

·       Asian markets declined sharply following Fed Chairman Jerome Powell’s speech at Jackson Hole on Friday. He warned that rising interest rates will cause “some pain” to the U.S. economy, saying higher interest rates likely will persist “for some time.” Japan, South Korea, Taiwan and Australia Index declined over 2% each.

·       US Market plunged on Friday following hawkish comments from Federal Reserve Chairman Jerome Powell that the fight against stubborn inflation would continue, and be painful. Dow Jones fell more than 1000 points, or 3% and Nasdaq Composite declined nearly 500 points or 4%. Speaking Friday at Jackson Hole, Powell said the Fed is committed to taming inflation, which is at 40-year-highs. "While higher interest rates, slower growth and softer labor market conditions will bring down inflation.

·       European bourses closed sharply lower Friday after the US Federal Reserve Chair Jerome Powell said the central bank will remain focused on fighting inflation and warned of "sustained period" of lower growth. Both Germany and France Index slipped 2% each while the UK Index fell 1%.

·       Brent Crude surged 2% to above $101/bbl as investors balanced expectations of weaker demand with signs that the OPEC+ oil-producers group was considering cutting production at its next meeting

·       Gold slipped 1% to $1738/ounce after the US Federal Reserve Chair Jerome Powell warned against any idea that the US central bank would start loosening monetary policy soon.

·       Actionable -   HAL, Indian Hotel, Adani Ports, Poonwala

·       Brokers Radar – HSBC TGT on Power Grid at 200, Sun Pharma TGT by Macquarie at  1100, Tata Power TGT by HSBC at 195, , NTPC TGT by HSBC at 190, Cipla TGT by Macquarie at 1205, Lupin TGT by Macquaire at 790.  CITI TGT on Tech Mahindra at 1135, Wipro TGT at 385, TCC TGT at 3015 and Infosys TGT at 1725. Dr Reddy 4805, Macquaire  TGT on Aurobindo Pharma 475, IPCA Labs TGT at       785, Eris Lifescience TGT at 785

·       Corporate Action  - Ex-dividend – RSWM Limited Rs25, ION Exchange Rs10, Data Pattern Rs3.50, SIS Share Buy-Back, Kritika Wires stock splits from Rs10 to Rs2, India Glycols Rs7.50.

·       Event – Reliance AGM

·       Global Data –Dallas Fed Nat Activity Index (US). Consumer Confidence, Retail sales and Business Confidence (France)

·       Market Summary – Suzuki: Road to electrified vehicles will pass via hybridisation, UltraTech Cement commissions 1.3 MTPA at Dalla Cement Works, UP, Top Court Raises Iron Ore Mining Limit in Karnataka State, Adani Unit Says NDTV Deal Doesn’t Violate SEBI Restraint Order, SAIL expands adoption of HPE GreenLake, Diageo Halts Some Whiskey Sales in India to Force Price Hikes ओपन / कमेंट

2022-08-29 05:37:14 Jackson hole day...yesterday price action suggested Jackson hole could do some hole in the portfolio...was it expiry move not sure...roll over are definitely pointing towards less bullish case as of now. This time could be differnet. Typically powell uncle… ओपन / कमेंट

2022-08-29 05:35:19 bcg-how-india-spends-shops-saves-in-the-new-reality-for-distribution.pdf ओपन / कमेंट