Value investing and swing trading(money markets academy)

2021-07-05 07:12:09 Stocks in News

*Datamatics:* Company received multiple awards for its IA suit for products. (Positive)

*Bharat Forge/RK Forge:* N America class 8 truck orders up 11% MoM & 61% YoY at 25,700 unitse. (Positive)

*Udaipur Cement:* CARE Ratings Limited has upgraded the Company's Credit Rating for its various Long Term Borrowings. (Positive)

*JK Tyre:* CARE Ratings Limited has upgraded the Company's Credit Rating for its various credit facilities. (Positive)

*Navneet:* Assigned A+ CRISIL Rating on the Rs. 300 Crore Commercial Paper of company. (Positive)

*Kalpataru Power:* CARE has reaffirmed rating of various financial facilities/ instruments. (Positive)

*HCL Tech:* Company and Fiskars Group announce a strategic partnership for Digital Transformation. (Positive)

*Wonderla* Resort in Bangalore is all set to reopen its business from 5th July 2021 with a 50% capacity. (Positive)

*Panacea:* Gets manufacturing license from DCGI for Sputnik V vaccine in collaboration with RDIF (Positive)

*GIPCL:* Restoration of Unit - 2 (125 MW) of Surat Lignite Power Plant (SLPP) of the Company (Positive)

*Ramsons:* Total Revenues of Rs. 61.03 crore in Q4, higher by 68% Y - o - Y EBITDA grew by 111% Y-o-Y, PAT higher by 540% Y-o-Y to Rs. 4.89 Cr (Positive)

*Tata Steel:* Southeast Asia’s Steel production grew by 49% (YOY) ; Steel deliveries increased by 50%(YOY). (Positive)

*Essel Propack:* Ex Diageo India MD&CEO Anand Kripalu to join packaging firm EPL Ltd. (Essel Propack) as MD and Global CEO (Positive)

*Redington:* Boardmeet scheduled on July-7 to consider the proposal of issuing Bonus Shares (Positive)

*Khadim:* Ms Kangana Ranaut & Mr Farhan Akhtar are no more associated with the Company as Brand Ambassadors (Positive)

*Indian Hume Pipe:* Receives Letter of Acceptance for the work of about Rs 257.60 Crores from Madurai City Municipal Corporation. (Positive)

*V Guard:* Approves Forming New Subsidiary For Consumer Electricals Business. (Positive)

*NMDC:* Revenues at Rs 5031 crores versus Rs 3833 crores YoY (Positive)

*Lumax Auto:* Signs Joint Venture Agreement with ALPS ALPINE CO. LIMITED, JAPAN. (Positive)

*ONGC:* The company will procure equipment and services worth over Rs 30,000 crore to support its oil and gas exploration and production operations (Positive)

*Panache:* MBRD INVESTMENT Bought 80,000 Shares In Friday’s Trade. (Positive)

*Cupid*: Equity Intelligence India bought 1,40,000 equity shares of Cupid at Rs 233.8 per share on the NSE, the bulk deals data showed. (Positive)

*Mohini Health:* Plutus Capital Management LLP acquired 1.29 lakh equity shares of the company at Rs 20.41 per share on the NSE, the bulk deals data showed. (Positive)

*Pricol*: Sunidhi Securities & Finance acquired 10 lakh equity shares of the company at Rs 94.05 per share on the NSE, the bulk deals data showed. (Positive)

*Vivimed Labs:* Alpha Leon Enterprises LLP bought 4,22,237 equity shares of the company at Rs 22.65 per share on the NSE, the bulk deals data showed. (Positive)

*Mangalam Cement:* Navodya Enterprises bought 1.5 lakh equity shares of the company at Rs 364.71 per share on the NSE, the bulk deals data showed. (Positive)

*Aarey Drugs:* The company’s Q4FY21 net profit rose to Rs 1.4 crore from Rs 0.99 crore while revenue increased to Rs 178.25 crore from Rs 110.68 crore, YoY. (Positive)

*Apcotex:* Company’s plant at Valia, Gujarat has been shut down for planned maintenance activities (Neutral)

*HDFC Ltd:* The corporation earned Rs 263 crore as profit on the sale of investments during the first quarter of the current financial year (Neutral)

*Info Edge:* The company has reduced the size of its offer for sale (OFS) in Zomato IPO by 50 percent to Rs 375 crore. (Neutral)

*Cadila Healthcar:* The company's subsidiary Viona Pharmaceuticals Inc is recalling over 21,000 bottles of metformin hydrochloride extended-release tablets. (Neutral) Open / Comment

2021-07-05 07:11:10 Stocks To Watch
• HDFC: During the quarter ended June 30, the profit on sale of investments was Rs 263 crore compared to Rs 1,241 crore last year. This was on account of the corporation's entire stake sale in its associate company, Good Host Spaces for Rs 54 crore and part stake sale of HDFC ERGO General Insurance Company for Rs 209 crore. Gross income from dividend for the quarter was Rs 16 crore compared to Rs 298 crore last year. Further, the corporation assigned loans to HDFC Bank amounting to Rs 5,489 crore during the quarter. Individual loans sold in the preceding 12 months amounted to Rs 23,093 crore.
• Avenue Supermarts: Standalone revenue from operations up 31% at Rs 5,031.75 crore in the April-June quarter, from Rs 3,833.23 crore a year ago. The company had 238 stores as of June 30.
• IndInfravit Trust: Availed a term loan of Rs 1,060 crore from ICICI Bank and has issued 8,500 secured NCDs of the face value of Rs 10 lakh each amounting to Rs 850 crore.
• Tata Steel: Transferred 26% stake held in Himalaya Steel Mill Services to Tata Steel Utilities and Infrastructure Services, a wholly owned subsidiary. It also transferred 100% stake held in Tata Steel Advanced Materials to Tata Steel Downstream Products, a wholly owned subsidiary.
• HCL Technologies: Announced a multi-year agreement with Fiskars Group to help them with digital transformation. HCL will enable Fiskars to standardise and harmonise their IT and business processes, drive operating model transformation and increase overall digital maturity.
• IIFL Wealth Management: To consolidate the distribution businesses under a single wholly owned subsidiary, the company had proposed to demerge the distribution business from IIFL Wealth Prime and IIFL Wealth Capital Markets to IIFL Wealth Distribution Services. The boards of IWCML, IWPL and IWDSL have approved the above demerger and consolidation of distribution business through a composite scheme of arrangement.
• Lumax Auto Technologies: Signed an agreement with Alps Alpine Co., Japan to establish a joint venture company for the manufacturing and sale of electric devices and components including software related to automotive industry.
• lndoStar Capital Finance: Acquired 25 crore equity shares of lndoStar Home Finance, a wholly owned subsidiary, for Rs 250 crore. The company's investment in lndoStar Home Finance now stands at Rs 450 crore.
• Suzlon Energy: Approved the allotment of 1.36 crore equity shares on conversion of 1,467 US$ denominated Convertible Bonds due 2032. The bonds are of face value of $320 each, which after capitalising interest at 2.75% per annum accrued on half yearly basis, aggregated to $4,75,894.
• Bharat Forge: 210 employees from the Chakan plant have opted for Voluntary Retirement Scheme involving overall pay-out cost of Rs 63.32 crore.
• Sterling and Wilson Solar: Acuite has downgraded the short-term rating of the Rs 200 crore Commercial Paper Programme of the company to A2 from A1+. Open / Comment

2021-07-04 12:01:41 "Packaging Player Uma Converter Files Draft Prospectus With SEBI"

http://in.investing.com/analysis/packaging-player-uma-converter-files-draft-prospectus-with-sebi-200483958 Open / Comment

2021-07-04 07:01:14 Open / Comment

2021-07-04 06:16:00 Hi all,
Happy weekend.

News at a Glance



*Economic Times*

1st batch of Olympic-bound Indian athletes to leave on July 14: IOA official

Reliance Jio launches 'emergency data loan' facility for prepaid customers

Marico domestic biz grows over 30% in Q1

Essar Cyprus arm sells 6 ships to ArcelorMittal for $80m

D-Mart posts 31% rise in revenue to Rs 5,032 crore in Q1

Dollar falls from three-month high after US nonfarm payrolls data

Government asks NPCI to start electronic vaccine vouchers

UK supermarket Morrisons agrees to £6.3 billion takeover

LIC Housing Finance cuts rates on 30-year home loan to 6.7%

Amazon, Tata say Indian govt e-commerce rules will hit businesses

*Business Standard*

Covaxin 77.8% effective against symptomatic Covid-19: Bharat Biotech

Airtel, Voda Idea, BSNL and MTNL's debt zooms to Rs 3.85 trillion in FY21

Strong deal pipeline may boost Q1 show of IT companies: Analysts

OPEC fails to reach output deal with talks kicked to Monday

IOB surpasses PNB, BoB to become the second most-valued listed PSB

Delta variant dangerous, continuing to evolve and mutate: WHO chief

CG Power case delays Aditya Birla Sun Life's IPO by at least 3 months

RBI proposes framework for acceptable bids at auctions to underwriters

Government spending grew 2% YoY in FY21: Motilal Oswal Financial Services

*Financial Express*

MIT, Harvard University develop face mask technology to detect COVID-19 in wearer’s breath

Govt to unveil national cyber security strategy soon: National Cyber Security Coordinator

FIEO partners with Aramex India to support MSME exporters in India

Exporting units of SEZs should be incentivised on degree of value addition: TPCI

*Mint*

Hurricane Elsa races toward Haiti amid fears of landslides

CBDT issues guidelines on capital gains

Google, Facebook first compliance reports big steps towards transparency: Prasad

Cement sales volume rises 10-30% sequentially in June

Metals, export autos drive Nifty EPS upgrade by 3-4% in FY22

State government borrowings in Q2 pegged at 9% less than previous year

Ransomware hits hundreds of US companies, security firm says Open / Comment

2021-07-03 17:16:20 From 8th of July quarter one results will start, it's gonna be very interesting with tons of volatility Open / Comment

2021-07-03 17:14:05 Open / Comment

2021-07-03 17:11:32 Open / Comment

2021-07-03 17:02:40 Open / Comment