Profit Booker

2022-04-08 08:12:48 BUY CALL INTRADAY

BAJAJ AUTO

BUY @3780 - 3784 CMP

TGT - 3799 / 3830 / 3880

SL - 3745

HIGH CONVICTION Open / Comment

2022-04-08 06:39:30 8 April Strategy:

Global: Neutral
FII: Negative
DII: Positive
F&O: Neutral
Sentiment: Neutral
Trend: Positive Open / Comment

2022-04-08 06:39:23 Stocks in News Today

Axis Bank: The private lender has collaborated with Asian Development Bank for a partial guarantee programme with initial outlay of $150 million (Rs 1,139.85 crore), aimed at supporting supply chain financing for impact sectors. Special focus will be towards ESG and priority sectors.

Larsen & Toubro: The engineering and infra major said its construction arm has bagged significant orders for its various businesses. The water and effluent treatment business of L&T Construction has secured a contract from Rural Drinking Water and Sanitation Division, Karnataka to construct drinking water supply facilities.

Infosys | The IT company and Rolls-Royce extended strategic collaboration with launch of joint 'Aerospace Engineering and Digital Innovation Centre in Bengaluru. This centre will provide high-end research and development (R&D) services integrated with advanced digital capabilities to Rolls-Royce's engineering and group business services from India.

JSW lspat Special Products | The crude steel production in Q4FY22 at 0.17 million tonnes increased by 11 percent, from 0.15 million tonnes in same period last year.

Sobha | The company achieved total sales volume of 1.34 million square feet of super built-up area and highest ever realisation of Rs 1,109.6 crore for the quarter ended March 2022 as against 1.33 million square feet of super built-up area and realisation of Rs 1,072 crore in year-ago period.

Sterling and Wilson Renewable Energy | The company posted a loss of Rs 126.61 crore for the quarter ended March 2022, down from Rs 344.80 crore reported a year ago.

Sonata Software | The board has approved the appointment of Samir Dhir as CEO of the company with effect from April 8, 2022.

NTPC | Maharashtra State Power Generation Company will form an equal joint venture with state-run NTPC Ltd to set up an ultra mega solar park in Maharashtra with 2500 MW generation capacity.

Cholamandalam Investment and Finance Company | The company in a BSE filing said it disbursed approximately Rs 12,718 crore in Q4FY22, a growth of 58 percent compared to Rs 8,071 crore a year ago. Open / Comment

2022-04-07 06:50:30 Stocks in News Today - 7 Apr 2022

Kirloskar Electric Company | The company has repaid its term loan and working capital loans borrowed under Joint Lenders Forum (JLF) from a consortium of banks and financial institutions.

Toyam Industries | The company has entered into a 51 percent joint venture with 'Rajwada Cricket League', Cricket league-based company.

Zee Entertainment: Invesco will sell a total of 7.8% stake in the firm for ₹2171 crores via a block deal on Thursday.

HDFC Bank: The bank is planning to raise ₹50000 crores in the next one year by issuing bonds on a private placement basis.

Motherson Sumi Systems | The company has completed acquisition of a 55 percent stake in CIM Tools Private Limited, one of leading suppliers in aerospace supply chain based in Bengaluru.

SPML Infra | The board has approved the conversion of 1,627,465 compulsorily convertible preference shares (CCPS) of Rs 100 each into 32,54,930 equity shares of face value of Rs 2 each, at a price of Rs 50 per equity share.

KNR Constructions | The company has announced the financial closure by NHAI for the project of 'development of six-lane Chittoor-Thatchur Highway on Hybrid Annuity Mode under Bharatmala Pariyojana, in Andhra Pradesh and Tamil Nadu (Package - III).

Asian Granito India | The company in its BSE filing said its Rs 441-crore rights issue will open for eligible shareholders on April 25.

Titan Company | The company in a BSE filing said jewellery business in Q4FY22 declined by 4 percent YoY, with addition of 16 stores during the quarter, but watches and wearables business registered 12 percent growth YoY with addition of 34 stores and eyecare segment reported 5 percent growth YoY with addition of 51 stores during the quarter.

Zee Entertainment Enterprises | Invesco Developing Market Funds will launch a block deal to sell 7.8 percent stake in the company on April 7, but will continue to hold remaining 11 percent stake. Invesco reaffirmed belief that Zee Sony deal has a great potential.

HDFC Bank | The board will consider raising up to Rs 50,000 crore via bonds on April 16. Open / Comment

2022-04-06 07:01:13 Stocks in News Today

Tata Steel | Tata Steel India achieved highest ever annual crude steel production of 19.06 million tons, with a growth of 13 percent YoY despite the COVID 2nd wave related disruption early in the financial year.

Coastal Corporation | Production in new plant (Unit III) at Kakinada SEZ is now fully ready to commission, for which the company invested Rs 70 crore.

Rain Industries | Due to a lower allocation of raw petroleum coke (RPC) by Directorate General of Foreign Trade (DGFT) for FY23 than in the previous years, the lack of sufficient raw materials has now reached a level necessitating that subsidiary RAIN shuts down one Kiln, until further notice.

Tata Power Company | Resurgent Power Ventures, co-sponsored by Tata Power and ICICI Bank and has other global reputed investors, has completed acquisition of NRSS XXXVI Transmission, a special purpose vehicle to establish and operate transmission system in Northern Region along with LILO of SikarNeemrana 400kV D/C line at Babaion on build-own-operate-maintain (BOOM) basis.

NCL Industries | The company in a BSE filing said cement production increased by 8 percent and cement dispatches rose by 7 percent in FY22 over FY21. RMC production and sales jumped by 13 percent in the same period.

TVS Motor Company | The company and Jio-bp have agreed to explore the creation of a robust public electric vehicle (EV) charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp's growing network in this space.

Gufic Biosciences | The company has received DCGI (Drugs Controller General of India) approval for Thymosin Alpha-1 as an add-on therapy for the treatment of moderate-to-severe COVID-19 patients requiring ventilator support.

Marico | The FMCG company in its BSE filing said revenue growth in Q4FY22 was in low single digits, while volumes were marginally positive on an exceptionally high base (25 percent), leading to a double-digit volume growth on a 2-year CAGR basis.

MIC Electronics | MIC has completed the investment in Bikewo Green Tech (formerly known as Right Automobiles). Now MIC is holding 50.99 percent stake and management control in Bikewo. MIC investment value in Bikewo is Rs 3.32 crore.

Triveni Engineering & Industries | The new 160 KLPD distillery of the company at sugar unit in Milak Narayanpur, Uttar Pradesh has commenced commercial operations.

Tata Consultancy Services | Kansas Department of Labour (KDOL) has selected TCS to build a modern, secure, web-based system for the state's unemployment insurance program. Open / Comment

2022-03-02 06:45:03 Stocks in News - 2 Mar 2022

CDSL: CDSL announced that it has achieved the milestone of opening more than 6 crores (60 million) active demat accounts.

Tanla Platforms: Truecaller and Tanla Platforms have inked a partnership to enable Indian businesses to deliver messages with rich media content.

Vedant Fashions: Company reports 24% jump in net profit. Ethnic wear brand Manyavar operator clocked healthy 24.1 percent year-on-year growth in consolidated profit at Rs 127.8 crore on strong in sales and operating income in the quarter ended December 2021. Revenue during the quarter grew by 28 percent year-on-year to Rs 384.8 crore. The company registered 24.5 percent YoY growth in EBITDA at Rs 191.5 crore for the quarter.

Panacea Biotec: Firm to sell pharma formulation brands to Mankind Pharma. The pharmaceutical company will sell formulation brands of its subsidiary to Mankind Pharma. The total value of the transaction is Rs 1,872 crore.

DB Realty: The Supreme Court has allowed the real estate company to develop land in Mumbai. With this decision, the freehold vacant parcel of approximately 22,000 square metres situated in a commercial zone in Mumbai is now available to subsidiary Esteem Properties for development.

Easy Trip Planners: Nomura Singapore acquired 6 lakh equity shares in the company via open market transactions on the BSE. These shares were bought at an average price of Rs 275 per share.

Huhtamaki India: The packaging solutions firm posted a loss of Rs 13.52 crore for the December 2021 quarter against a profit of Rs 5.08 crore in the corresponding period last fiscal. But the topline grew nearly 19 percent year-on-year to Rs 661.6 crore. Open / Comment

2022-03-02 05:55:09 Insider Buying Open / Comment

2022-03-01 07:06:46 Businesses which will be impacted during Russia-Usa war.

*Export to Russia and Ukraine*

*AartiIndustries*
Annualized export to Russia and Ukraine – Rs 336 mn
% of Total Sales – 0.5%
% of Total Exports – 1.4%

*Nocil*
Annualized export to Russia – Rs 97 mn
% of Total Sales – 0.6%
% of Total Exports – 2%

*GalaxySurfactants*
Annualized export to Russia – Rs 60 mn
% of Total Sales – 0.2%
% of Total Exports – 0.5%

*AstecLifescience*
Annualized export to Russia – Rs 792 mn
% of Total Sales – 13.7%
% of Total Exports – 18.6%

*CleanScience*
Annualized export to Russia – Rs 60 mn
% of Total Sales – 1.0%
% of Total Exports – 1.3%

*Atul Ltd*
Annualized export to Russia and Ukraine – Rs 353 mn
% of Total Sales – 0.7%
% of Total Exports – 1.5%

*Camlin Fine Science*
Annualized export to Russia and Ukraine – Rs 42 mn
% of Total Sales – 0.6%
% of Total Exports – 1.0%

*FineOrganics*
Annualized export to Russia and Ukraine – Rs 730 mn
% of Total Sales – 4.2%
% of Total Exports – 7.2%

*SRF*
Annualized export to Russia and Ukraine – Rs 636 mn
% of Total Sales – 0.5%
% of Total Exports – 1.3%

*SudarshanChemicals*
Annualized export to Russia and Ukraine – Rs 171 mn
% of Total Sales – 0.8%
% of Total Exports – 2.0%

*VinatiOrganics*
Annualised export to Russia and Ukraine – Rs 185 mn
% of Total Sales – 1.2%
% of Total Exports – 1.6%

*Import from Russia and Ukraine*

*SRF*
Annualized import from Russia and Ukraine – Rs 1.77 bn
% of Total Import – 6.9%

*Sudarshan Chemicals*
Annualized import from Russia and Ukraine – Rs 60 mn
% of Total Import – 1.16% Open / Comment

2022-02-28 06:55:43 Stocks in News - 28 Feb 2022

Airtel: The shareholders of Airtel have approved the issue of preferential shares to Google for an investment of ₹7500 crores against a 1.28% stake.

Future Retail: The company has temporarily suspended most of its online and offline operations, as per reports.

Reliance Industries: The company has effectively taken over the operations of Future Retail stores and has offered jobs to its employees. Reliance Retail has started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar and replaced them with its brand stores, said sources close to the development.

Hindalco Industries: Hindalco in pact with Brazilian firm. The aluminium major has entered into a share-purchase agreement with Brazilian firm Terrabel Empreedimentos Ltda to divest its entire equity shareholding in Hindalco Do Brazil Industria Comercia de Alumina LTDA (HDB), the wholly-owned step down subsidiary.

Patel Engineering: Patel Engineering arm sells Nepal arm. Patel Energy Resources, the wholly owned subsidiary of the company, has divested its entire stake in Naulo Nepal Hydroelectric based in Nepal. With this, Naulo Nepal Hydroelectric ceased to be a subsidiary of the company.

Fortis Healthcare: Crisil upgrades Fortis Healthcare rating. Rating agency CRISIL has upgraded the long-term rating to 'AA- from 'A+' for the private hospital chain and placed the rating on watch with developing implications. Further, the short-term rating has been upgraded to A1+ from 'A1' and placed rating on watch with developing implications.

Rain Industries: Rain Industries reports consolidated loss in December quarter.

SJVN: Government nod to Kinnaur Solar plant. The government has granted in-principle approval for the development of a 400MW solar park in Kinnaur by SJVN. The projects will help SJVN achieve its ambitious shared vision of 5,000 MW by 2023, 25,000 MW by 2030 and 50,000 MW by 2040.

Ducon Infratechnologies: Ducon Infratechnologies announces bonus issue.

Nuvoco Vistas Corporation: Nuvoco Vistas Corp sees block deal. Open / Comment

2022-02-25 06:58:59 Stocks in News Today

Wipro: Company to increase headcount in Brazil. The company will be hiring more than 500 new professionals over the next fiscal year in Brazil, to support its growth in delivering cloud solutions to clients.

Infosys: Launched metaverse foundry. The second-largest IT company has launched metaverse foundry to ease and fast track enterprises' exploration of the metaverse, including virtual and augmented environments, for their customers, workplace, products and operations.

Gillette India: LIC bought shares. Life Insurance Corporation of India bought 2,000 equity shares in the company via open market transactions on February 23. With this, LIC's stake in the company stands at 5 percent now, up from 4.99 percent earlier.

NHPC: Facility Agreement with HDFC Bank signed. The firm has signed a Facility Agreement with HDFC Bank, to securitise the return on equity of Chamera-I power station with 540 MW capacity for a tenor of 10 years. The amount of securitisation facility is Rs 1,016.39 crore at 5.24 percent per annum discounting rate linked with three months treasury bills.

Linde India: Profit rises 19.4 percent YoY; Revenue zooms 35.5 percent. The industrial gases company clocked 19.4 percent year-on-year growth in consolidated profit at Rs 67.8 crore for the quarter ended December 2021.

KSB: Profit is up 23 percent YoY; Revenue is higher by 20 percent. Profit grew at a healthy pace, rising 23.1 percent year-on-year to Rs 39.4 crore for the quarter ended December 2021 aided by higher other income and lower depreciation.

Seacoast Shipping Services: To form a JV with Gujarat government. The Gujarat government is ready to work with the company in a joint venture. Open / Comment