Value investing and swing trading(money markets academy)

2021-07-07 07:40:56

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2021-07-07 06:28:08 Stocks To Watch
Jul 07 2021

• Titan Company: June quarter revenue grew by 117%. Jewellery unit sales grew by 107% on year primarily due to zero sales in April of last year. While most of the sales in May were lost in both the years, June numbers were marginally ahead of the year ago sales. Around 90%+ of jewellery stores are now open. The division added 5 Tanishq stores on a net basis in the quarter. The watches & wearables unit grew by about 280% in the quarter over year ago figures, and the eyewear division grew by 117% YoY as sales were nil in April 2020, the company said.
• Mahindra & Mahindra: To acquire up to 31.2% in ReNew Sunlight Energy Pvt Ltd. The company plans to acquire up to 1.61 crore shares in RSEPL, in one or more tranches, for Rs 16.07 crore. RSEPL will build, own, and operate solar power plant with 58 MWp capacity to generate around 100 million units a year and feed it into the Maharashtra State Electricity Distribution Grid. According to a pact between Mahindra and discoms, the company’s manufacturing plants in Maharashtra will consume the solar power generated.
• HDFC: The National Housing Bank has imposed a monetary penalty on Housing Development Finance Corporation Ltd of Rs 4.75 lakh for non-compliance with certain provisions.
• Sobha: Achieved total sales volume of 8.95 lakh square feet worth Rs 683 crore in quarter ended June. Total sales value up 40% year-on-year at Rs 682.9 crore Vs Rs 487.7 crore. Sobha share of sale value up 45% YoY at Rs 570.9 crore Vs Rs 393.1 crore. Total average price realization up 1.70% at Rs 762.6 crore Vs Rs 749.8 crore. Average cost of borrowing has further come down during the quarter. Further the company has planned new launches of 13.35 million square feet.
• NMDC: Offer for sale by government was subscribed 2.13 times of base size at a clearing price above the floor price by non-retail investors. The OFS received bids for 22.55 crore shares compared with 10.55 crore shares offered to the non-retail segment on the first day of sale. Bids received at indicative price of Rs 166.46 per share versus floor price of Rs 165. Government to exercise the green shoe option of selling additional 10.22 crore shares. Retail investors will get a chance to bid today.
• Coffee Day Enterprises: Defaulted on payment of interest/repayment of principal amount on loans from banks and unlisted debt securities worth Rs 280.54 crore
• Kotak Mahindra Bank: Kotak Securities Ltd, a subsidiary of the bank, has invested Rs 10 crore for a 9.96% in the total share capital of Kredent InfoEdge.
• Mastek: Appointed Hiral Chandrana as Global Chief Executive Officer of Mastek Group, with effect from July 6.
• Gillette India: Appointed Gautam Kamath as Chief Financial Officer and Additional (Executive) Director of the company effective August 1. Kamath will replace Gagan Sawhney who has resigned from the post effective July 31. Open / Comment

2021-07-07 06:06:06 *Economic Times*

RBI warns of stress build-up in consumer credit

Petrol, diesel prices likely to rise further as crude oil hits $77 a barrel

Power demand soars to all-time high of 197.06 GW on Tuesday

Kotak Mahindra Bank subsidiary to acquire 10% stake in KIPL

SBI to auction two NPA accounts to recover dues of over Rs 313 cr

Paytm may raise Rs 16,600 cr in IPO; valuation expected to be over Rs 1.78 lakh cr

GST collections drop to Rs 92,849 crore in June, break 8-month streak of crossing Rs 1 lakh crore

Housing sales down 76 per cent in Apr-Jun in 8 cities over previous quarter: PropTiger

JLR reports 68% increase in retail sales in June quarter at 1,24,537 units

Alcobev startup RockClimber raises $1 million in pre-Series A funding

Pine Labs gets funding at $3.5-billion valuation ahead of US IPO

*Business Standard*

Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion

Centre moves SC seeking transfer of pleas challenging validity of IT rules

Bajaj Group market cap hits $100 bn; fourth family-owned biz to hit mark

Tata Steel outlines Rs 10,000-12,000 cr annual India capex over next 5 yrs

150 year-old Allana Group invests $10 mn in Iron Pillar Fund II

74% companies plan to divest non-core assets in 24 months: EY India survey

Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 bn

Domestic air passenger traffic back to growth trajectory in June

ECM fees in H1CY21 jump 25% to hit 10-year high of $126 mn amid IPO boom

*Financial Express*

Bajaj Finance sees sharp rise in new loans in June quarter

Razorpay, Mastercard launch solution for recurring payments; aims to integrate with over 50 banks

Winning bidder proposes benefits for Jet Airways staff with rider; need at least 95% approval

Some states to roll out labour reforms in 3-5 months

RBI launches latest round of quarterly survey on manufacturing sector

India’s hiring rate recovered moderately from 10 pc in Apr to 35 pc in May 2021: LinkedIn data

Area under soybean cultivation likely to increase 5-7% across India

Paisabazaar sees month-on-month increase in personal loan disbursal

*Mint*

Pentagon scraps $10 billion cloud contract award to Microsoft

Ransomware hackers demand $70 million to unlock computers in widespread attack

Wipro commits ₹1k crore more for COVID-19

NMDC OFS over-subscribed 2.13 times on Day 1

Tata Power ties up with California-based AutoGrid for AI based energy management

Sovereign rating actions ease in 2021 after a hectic 2020: Fitch Open / Comment

2021-07-06 20:16:14 Tommorow we can expect more correction in market.

As we told yesterday also that market is over stretched now. Many Nifty 500 stocks are over valued now.

We can expect a stiff correction or long run rangebound market further.

We have given few calls earlier like Amar Raja battery, ceat Tyres, escort motors. These stock will not get more effect from such correction. Open / Comment

2021-07-06 19:09:56 Guys please comment, share like and subscribe then only the video will reach more people Open / Comment

2021-07-06 18:56:23

Open / Comment

2021-07-06 15:17:45 DIXON TECH :Co. enters In Manufacturing & Deal In Consumer durables, Devices & Electronic Appliances Segment , Started New Subsidiary as DIXON DEVICES PVT ltd Open / Comment

2021-07-06 13:23:59 Day close Open / Comment

2021-07-06 13:23:53 Open / Comment

2021-07-06 12:43:10 We are not generating any new call Open / Comment