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Equity99

Logo of telegram channel equity99 — Equity99 E
Logo of telegram channel equity99 — Equity99
Channel address: @equity99
Categories: Economics , Investments
Language: English
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Subscribers: 143.00K
Description from channel

Creating wealth through unfolded research.
SEBI Registered Investment Adviser
Reg No - INA000005358
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Visit our website https://Equity99.com

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The latest Messages 9

2024-02-26 09:18:52
Do you know ??

Equity99 published premium detailed fundamental report of a multibagger stock in December 2022 - Swan Energy LTD @ 297 with Target of 600 in medium to Long term.

We are happy and proud to share that the stock has out-performed and has given tremendous returns. From 297 level to now at 764(recent high). Marking returns of 158% in just 14 months time frame.

This is called super fantastic confident returns.

Creating wealth with unfolded research #equity99
19.2K viewsedited  06:18
Open / Comment
2024-02-26 06:00:22 Morning Alert..
*Shipping rates volatile in February amid Red Sea crisis, shows data*
Rates for the use of the ships most commonly used for carrying crude oil around the world are up to their highest level since November 2023. The rates for Very Large Crude Carrier (VLCC) were up 3.5 per cent month-on-month to $48,171/day in February, according to data collated from the Centre for Monitoring Indian Economy (CMIE). It was $46,555 in January and $47,975 in December. Rates have been volatile amid heightened geopolitical tensions. Aframax and Suezmax rates have seen a decline in the same period. Shipping vessels are classified by their capacity. Aframax vessels have a maximum capacity of around 120,000 deadweight tonnes. Deadweight tonne is a measure of the amount that ships can carry. It encompasses all the weight on the ship including cargo, people and supplies. Suezmax tankers have a capacity of between 180,000 deadweight tonnes. This is the maximum size vessel which can go through the Suez Canal. The Suez Canal is the shortest sea route connecting Europe and Asia. The increase in oil trade resulted in the use of two bigger categories of vessels.

*Global market action*
Dow Jones – Down by 0.15% or 57.92 points
FTSE – Up by 0.28% or 21.79 points
CAC – Up by 0.70% or 55.08 points
DAX – Up by 0.28% or 48.88 points
Gift Nifty – Down by 0.06% or 13.50 points

*FII/DII activities*
FII – Bought 1276.09 Cr worth of shares
DII – Bought 176.68 Cr worth of shares.

*Primary market activities*
Zydus Wellness Ltd – 97.5%
P&G Hygiene and Health care Ltd – 92.3%
Galaxy Surfactants Ltd – 90.8%
Route Mobile Ltd – 90.4%
Cera Sanitaryware Ltd – 87.7%

*Primary market activities*
IPO opening today
Owais Metal and Mineral Processing Ltd – Issue size 42.69Cr

*Commodities updates*
Gold – Rs 64225/10gm, Silver – Rs 69949/kg, Brcrude – Rs 6465/barrel, Copper – Rs 724/kg.

*Corporate News*
Zydus Lifesciences gets WHO nod for API used in kala-azar treatment.

Kotak Mahindra Bank: Kotak Mahindra General Insurance Company Ltd (Kotak General) by Zurich Insurance Company Ltd (Zurich) have mutually agreed that Zurich will acquire 70% stake in Kotak General by way of a combination of primary and secondary acquisitions in a single tranche, for a total consideration of approximately Rs 5,560 crore.

GE Power India has received a purchase order of Rs 6.75 crores (Plus GST 18 %) from Tata Power.
20.4K views03:00
Open / Comment
2024-02-25 06:48:05 *News Headlines from major business news agencies:*

*Economic Times*

Buffett's Berkshire posts record profit, quarterly results also rise

Rural-urban household spending gap narrows

India sets annual defence production target of Rs 3 lakh cr and defence exports worth Rs 50,000 cr by 2028-29

Fed's Williams says rate cuts likely to happen 'later this year'

India Inc looks to build pipeline of female AI talent

Banks urge Britain to tighten laws around seizing Russian assets

ICAI to open 11 CoEs in 2 yrs, Kolkata chapter by Dec 24

Forex violation case: ED summons Niranjan Hiranandani, Dubai-based son on Monday

Yohan Poonawalla buys Queen Elizabeth II’s Range Rover in private transaction

Patanjali's late bid for Rolta spurs more to join the race

*Business Standard*

Adani hints at collaborations with Uber after meeting CEO Khosrowshahi

Will continue as CEO of Byju's, EGM a farce: Raveendran tells employees

Gold price dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,400

Modi-govt focussed on innovation, tech development: Nirmala Sitharaman

Go First gets 2 financial bids as part of its bankruptcy process: Bankers

*Financial Express*

Odisha approves 27 new industrial projects worth Rs 6,134 crore

States to ensure officers transferred out of district not posted within same parliamentary constituency: EC

Newly Discovered Moon: Three unseen moons spotted around Neptune and Uranus

LG UltraGear partner with Skyesports as title partners for Esports tournaments

*Mint*

Oil reports weekly decline on fading US Fed rate cut hopes; Brent at $81

FPIs offload ₹424 crore in Indian equities as outflows sharply decline in Feb

7th Pay Commission: Government employees likely to get 4% DA hike in March 2024

PM Modi becomes most popular global leader with 78% of approval rating: Survey

Govt to bring newly enacted criminal laws into effect from July 1

EPFO rejects every third claim it receives, says report

Dimon Sells $150 Million of JPMorgan Shares in First Sale

Big Tech, Bezos, Nvidia, Microsoft joins $675 million bet on Humanoid Robots.
22.7K views03:48
Open / Comment
2024-02-23 17:28:10 Fund Flow Activity:
23 February 2024 (In Cr)

Turnover: (NSE + BSE)

Cash Volume: 104811.96 + 8815.09 Total: 113627.05
F&O Volume: 603877.44 + 29299973.58 Total : 29903851.02

Provisional Cash Rs. In Crs.

FII/FPI: NET BUY: 1276.09
(15746.64 - 14470.55)

DII: NET BUY: 176.68
(8556.28 - 8379.6)
24.9K views14:28
Open / Comment
2024-02-23 05:59:27 Morning Alert..
*India should become green energy exporter by 2047 to attract capital: Kant*
India should become an exporter of green energy by 2047 to attract capital, the G20 sherpa Amitabh Kant said on Thursday. Addressing at the 'Raisina Dialogue 2024', Kant said today's challenge is climate change and the World Bank needs to become a climate bank. Further, he said in future, all investments are expected to flow into the renewable sector, and countries will be able to attract capital once they go green. "By 2047, India should be an exporter of green energy...The countries will be able to attract capital if they go green," he said. Kant noted that the global south must take a different path and each country needs to push for renewals. According to Kant, biofuels can also be a big driver in creating jobs and achieving clean fuel targets.

*India's GDP growth likely to moderate to 6.5% in FY25: India Ratings*
India's growth is expected to moderate to 6.5 per cent in the financial year 2024-25 from 7.3 per cent estimated by the first advance estimates, said India Ratings and Research on Thursday. The forecast is a notch below the Reserve Bank of India's estimate of 7 per cent GDP growth in FY25. The credit rating agency in its report said that despite the base effect, the sequential GDP growth indicates that the economic recovery is on track due to the sustained government capital expenditure, healthy corporate performance, deleveraged corporate sector balance sheet, continued softness in global commodity prices, and the prospect of a new private corporate capex cycle. Besides, the rating agency upped its FY24 forecast to 6.9 per cent from 6.7 per cent projected earlier, as it noted that a build-up in the economy owing to prevailing weather conditions in north India would push agriculture and consumption demand.

*Global market action*
Dow Jones – Up by 0.06% or 22.73 points
FTSE – Up by 0.29% or 21.98 points
CAC – Up by 1.27% or 99.51 points
DAX – Up by 1.47% or 252.33 points
Gift Nifty – Up by 0.20% or 45.50 points

*FII/DII activities*
FII – Sold 1823.68 Cr worth of shares
DII – Bought 1823.68 Cr worth of shares.

*Primary market activities*
P&G Health – 91.8%
Glenmark Life Sciences Ltd – 91%
Endurance Technologies Ltd – 90.7%
P&G Hygine and Health Care Ltd – 89.5%
Astrazeneca Pharma Ltd – 88.2%

*Primary market activities*
IPO opening today
Sadhav Shipping Ltd (NSE SME) – Issue size 38.18Cr

Listing today
Esconrt Technologies Ltd (NSE SME) – Subscribed 507.24x
Kalahridhaan Trendz Ltd (NSE SME) – Subscribed 8.15x
Thaai Casting Ltd (NSE SME) – Subscribed 375.43x
Atmasco Ltd (NSE SME) – Subscribed 17.61x
Interiors & More Ltd (NSE SME) – Subscribed 11.22x

*Commodities updates*
Gold – Rs 64070/10gm, Silver – Rs 70240/kg, Brcrude – Rs 6533/barrel, Copper – Rs 727.1/kg.

*Corporate News*
Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus.

Angel One plans to raise Rs 2,000 cr to tap opportunities in fintech space.

Airtel announces in-flight connectivity for users on international routes.
28.6K views02:59
Open / Comment
2024-02-22 05:54:28 Morning Alert..
*India's GDP growth to moderate to 6.5% in FY25, projects Morgan Stanley*
Morgan Stanley Research said on Wednesday that it expects India’s GDP growth for FY25 to moderate to 6.5 per cent from 6.9 per cent projected for FY24. ICRA, meanwhile, has projected the year-on-year (Y-o-Y) GDP growth to moderate sequentially to 6 per cent in Q3 FY24 from 7.6 per cent, led by agriculture and industry sectors. Aditi Nayar, chief economist, head-research & outreach, ICRA Ltd, said, “Lower volume growth for the industrial sector, flagging momentum in certain indicators of investment activity, a slowdown in government expenditure and an uneven monsoon are expected to dampen the GDP growth to 6 per cent in Q3 FY24 from 7.6 per cent in Q2 FY24.” MS Research’s report said it maintained a constructive outlook on the Indian economy, while highlighting that risks emanate from global factors and elections in May 2024. “Domestic demand improved in January, while macro stability remains comfortable, reflecting strength in the fundamentals. We maintain our constructive outlook on the economy,” Morgan Stanley Research said in its report titled India Economics – Macro Indicators Chartbook: Strength in Growth, Stability in Macro-Fundamentals.

*India-Oman FTA may be reality soon; legal vetting of deal's text underway*
India and Oman are close to finalising a trade agreement and officials from both sides have already started the process of legal vetting of text of the proposed free-trade agreement (FTA), two people aware of the matter said. “The trade deal is almost final. Legal scrubbing of the FTA text is already on,” one of the persons cited above told Business Standard. India is keen to finalise the trade pact before the model code of conduct (MCC) kicks in ahead of the general elections, making the timing of a proposed deal crucial. MCC can be announced any time now. A trade deal with the West Asian nation is a part of India’s efforts to improve relations with Gulf nations, with Oman being India’s strategic partner, having trade links of about 5,000 years. That apart, Oman is also a part of the six-member Gulf Cooperation Council (GCC). These nations include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). While India and the UAE signed a comprehensive FTA two years ago, the official launch of negotiations with GCC is awaited. After walking out of China-backed bloc Regional Comprehensive and Economic Partnership (RCEP) in 2019, India has now revamped its foreign trade strategy.

*Global market action*
Dow Jones – Up by 0.05% or 19.30 points
FTSE – Down by 0.73% or 56.70 points
CAC – Up by 0.22% or 16.87 points
DAX – Up by 0.29% or 49.69 points
Gift Nifty – Up by 0.44% or 96.50 points

*FII/DII activities*
FII – Bought 284.66 Cr worth of shares
DII – Sold 411.57 Cr worth of shares.

*Primary market activities*
One97 Communications Ltd – 100%
Aptus Value Housing Finance Ltd – 91.2%
Grindwell Norton Ltd – 89.7%
Capri Global Capital Ltd – 89.6%
Vedant Fashion Ltd – 86.5%

*Primary market updates*
IPO opening today
GPT Healthcare Ltd (Main Board) – Issue size 525.14Cr

*Commodities updates*
Gold – Rs 64025/10gm, Silver – Rs 70650/kg, Brcrude – Rs 6429/barrel, Copper – Rs 726.9/kg.

*Corporate News*
Ambuja Cements to invest Rs 1,000 cr to set up grinding plant in Jharkhand.

JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs.

Jubilant FoodWorks expects Popeye to be Rs 1,000 cr brand in next 3-4 years.
31.8K views02:54
Open / Comment
2024-02-21 07:20:04 AARTECH SOLONICS : Looking Strong near the CMP zone. >Solution-oriented R&D enterprise in the field of specialized & selected energy appliances >Serves marquee clients >Recently migrated to main board >Planning CAPEX at both plants >Mcap of just 168Cr …
32.1K viewsedited  04:20
Open / Comment
2024-02-21 05:47:37 Morning Alert..
*Govt debt to GDP may fall in contrast to global trend: RBI report*
A strategic realignment of government spending is expected to lead to a decline of the general government debt-GDP ratio to 73.4 per cent by 2030-31 from an estimated 81.6 per cent in 2023-24, according to a report by the Reserve Bank of India which is in contrast to advanced and emerging economies where the ratio is expected to go up. The general government debt to GDP ratio is 81.6 per cent of GDP in 2023-24 (BE). This projection stands notably lower than the IMF's estimate of 78.2 per cent. The report highlighted the contrasting global trends, revealing an expected increase in the debt-GDP ratio for advanced economies from 112.1 per cent in 2023 to 116.3 per cent in 2028, and for emerging and middle-income countries from 68.3 per cent to 78.1 per cent within the same period. The report titled ‘The Shape of Growth Compatible Fiscal Consolidation’ was authored by RBI staff including deputy governor Michael Debabrata Patra. The views expressed in the report are of the authors and do not represent the views of RBI. The report said, “With recalibration of government expenditure, the general government debt-GDP ratio is projected to decline to 73.4 per cent by 2030-31, around 5 percentage points lower than the IMF’s projected trajectory of 78.2 per cent.”

*Flows into NRI deposits up 72.7% in April-December 2023: RBI Bulletin*
Money flowing into non-resident Indians’ (NRIs’) deposits rose 72.7 per cent to $9.33 billion in April-December 2023, from $5.40 billion in the same period a year ago. Flows into foreign currency non-resident (FCNR) accounts surged nearly fivefold to $3.45 billion in the April-December 2023 period, compared to an inflow of $640 million in 2022, according to data from the Reserve Bank of India (RBI). Outstanding NRI deposits rose by $2.42 billion to $146.9 billion at the end of December 2023, up from $144.48 billion in November 2023. This marked an increase from $134.48 billion at the end of December 2022. FCNR deposits were at $22.81 billion in December 2023, nearly a $1 billion increase from $21.86 billion in November 2023. This was significantly higher than the $17.55 billion at the end of December 2022. Non-resident external (NRE) deposits were at $97.69 billion in December 2023, up from $96.79 billion in November and $94.46 billion at the end of December 2022. Non-resident ordinary (NRO) deposits, too, reached $26.40 billion in December 2023, up from $25.83 billion in November 2023 and $22.45 billion a year ago.

*Global market action*
Dow Jones – Down by 0.11% or 41.81 points
FTSE – Down by 0.12% or 9.29 points
CAC – Up by 0.34% or 26.67 points
DAX – Down by 0.14% or 23.83 points
Gift Nifty – Up by 0.07% or 16.00 points

*FII/DII activities*
FII – Sold 1335.51 Cr worth of shares
DII – Bought 1491.33 Cr worth of shares.

*Primary market activities*
One97 Communications Ltd – 100%
TeamLease Services Ltd – 93.9%
Timken India Ltd – 91.2%
Endurance Technologies Ltd – 90%
Cholamandalam Financial Holding Ltd – 87.3%

*Primary market activities*
IPO opening today
Jupiter Hotels Ltd (Main board) – Issue size 1800Cr

*Commodities updates*
Gold – Rs 63935/10gm, Silver – Rs 71247/kg, Brcrude – Rs 6431/barrel, Copper – Rs 724.9/kg.

*Corporate News*
Hindalco Industries subsidiary Novelis files draft papers for US IPO.

JSW Group, Volkswagen begin talks to set up electric vehicle joint venture.

TVS Supply Chain Solutions extends contract with Rolls-Royce for 5 years.
33.5K views02:47
Open / Comment
2024-02-20 10:59:16 AARTECH SOLONICS : Looking Strong near the CMP zone. >Solution-oriented R&D enterprise in the field of specialized & selected energy appliances >Serves marquee clients >Recently migrated to main board >Planning CAPEX at both plants >Mcap of just 168Cr …
32.1K views07:59
Open / Comment
2024-02-20 06:23:40 Morning Alert..
*Five crops at MSP for five years: Centre's offer to protesting farmers*
The Centre has broached a proposal to buy the marketable surplus in the cases of masoor (lentil), urad (black gram), arhar, maize, and cotton over the next five years at their minimum support prices (MSPs) to break the logjam in talks with protesting farmers, Food Minister Piyush Goyal said late on Sunday. However, the proposal has not found much traction farmers with the Samyukta Kisan Morcha (Apolitical), which is spearheading the protests this time rejecting the offer. In terms of the central proposal, the purchases done through National Agricultural Cooperative Marketing Feder­ation of India (Nafed), National Cooperative Consumers’ Fede­ration (NCCF), and Cotton Corporation of India (CCI) will be under a contractual agreement and will assist in diversification from paddy and wheat, Goyal said. Whether the purchases will be limited to those farmers who have diversified from wheat and paddy was not clear. “Cooperative societies like the NCCF and Nafed will enter into contracts with farmers who grow tur dal, urad dal, masoor dal or maize for buying their crop at MSPs for the next five years,” he said. “There will be no limit on the quantity (purchased) and a portal will be developed for this,” he added. Goyal proposed CCI buy cotton from farmers at the MSP for five years after entering into a legal agreement with them.

*No decision to reduce import duty on rubber as of now, says govt*
The government is not looking at reducing import duty on rubber as of now, a senior official said on Monday, amid a certain section of the industry demanding a duty cut. This is because the government believes the differential between local and international prices has been maintained. “If you see the local price vis-a-vis the international price, there has been a differential maintained on account of that import duty…I don’t think there is any rethink on reducing import duty as of now,” commerce department additional secretary Amarjeet Singh Bhatia said. The government’s response comes in the backdrop of the demand for duty cuts from the user industry, such as tyre makers, while local producers oppose any reduction. Currently, the import tax on natural rubber is 25 per cent or Rs 30/kg, whichever is higher. The official further said that the financial assistance for the rubber sector has been raised by 23 per cent to Rs 708.69 crore for FY25 and FY26.

*Global market action*
Dow Jones – Down by 0.32% or 125.52 points
FTSE – Up by 0.22% or 16.79 points
CAC – Up by 0.00% or 0.37 points
DAX – Down by 0.15% or 25.18 points
Gift Nifty – Down by 0.15% or 33.50 points

*FII/DII activities*
FII – Sold 754.59 Cr worth of shares
DII – Bought 452.70 Cr worth of shares.

*Primary market activities*
One97 Communications Ltd – 100%
ICICI Securities Ltd – 88.1%
Ratnamani Metals & Tubes Ltd – 87.3%
ICICI Lombard General Insurance Company Ltd – 83.7%
Nuvoco Vistas Corporation Ltd – 83.2%

*Primary market activities*
IPOs opening today
Deem Roll Tech Limited (NSE SME) – 29.26Cr

Listing today
Vibhor Steel Tubes Ltd (Main board) – Subscribed 320.05x

*Commodities updates*
Gold – Rs 63795/10gm, Silver – Rs 71309/kg, Brcrude – Rs 6518/barrel, Natural gas – Rs 129.8/kg.

*Corporate News*
Whirlpool promoter likely to sell 24% equity stake through block deals.

L&T ramps up green hydrogen play, plans launch of electrolysers in Sept.

Power Grid approves investments of Rs 656 cr for transmission projects.
35.7K views03:23
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