SKM INVESTMENT

2022-06-10 09:00:41 Nifty16200 pe@119 tgt130++ sl100 Open / Comment

2022-06-03 05:46:37 ·         Reliance Industries - Mukesh Ambani-owned Reliance Industries NSE 3.45 % and US buyout firm Apollo Global Management are moving ahead to make a firm offer for Walgreens Boots Alliance Inc's international chemist and drugstore units,- Media Report - Positive
·         ITC Infotech on Thursday said it has paid an amount of USD 33 million (around Rs 256 crore) to PTC as part of an agreement to acquire a substantial portion of the American company’s product lifecycle management implementation services. – positive
·         UltraTech Cement Ltd on Thursday said its board had approved an investment of  Rs12,886 crore to add 22.6 MTPA (Million Tonnes Per Annum) capacity in its total production, with a mix of brownfield and greenfield expansion. The capacity expansion will be undertaken at a cost of $76 per tonne of cement. - positive
·         Yes Bank will repurchase as much as $200 million worth of medium-term notes through a tender offer and will pay 100% of the principal amount of the notes during an early tender offer period – positive
·         JSW Steel has moved the Supreme Court seeking interim relief in a Rs 2,600-crore tax dispute with the Odisha state revenue department.- positive development
·         Bajaj Auto: Dealers are grappling with a severe shortage of inventory as the chip crunch and vendor issues are hurting the maker of Pulsar motorcycles.- Negative
·         GR Infraprojects: Subsidiary GR Madanpalli Pileru Highway Pvt. Ltd. has executed the concession agreement with the National Highways Authority of India. – positive
·         Hindalco Industries: The company has completed the disinvestment process of Hindalco Do Brazil Industria Comercia de Alumina LTDA, a wholly owned stepdown subsidiary. – positive
·         McDowell Holdings: The company approved the appointment of CA Krishna Mohan Maddula – positive
·         Bulk Deals - Bulk Deals Prudent Corporate Advisory: Rameshchandra Chimanlal Shah (promoter) bought 4.25 lakh (1.02%) shares at Rs 595.5 a piece.
·         Block Deal - Dynamatic Technologies: Christine Hoden India bought 53,000 (0.83%) shares at Rs 1915 apiece. Wavell Investment sold 53,000 (0.83%) shares at Rs 1915 apiece.
·         Kotak Investment Advisors Ltd, a subsidiary of Kotak Mahindra Bank, announced the launch of 'Kotak Cherry' - a curated tech-led investment management platform. Kotak Cherry is designed to offer holistic investing solutions to users via a robust digital app backed by experienced investment managers, all available at one's fingertips. Kotak Cherry provides investment solutions ranging from stocks, bonds, mutual funds, fixed deposits and National Pension Scheme (NPS) to progressive investment opportunities like Exchange Traded Funds (ETFs).- positive
·         MTAR Technology has acquired 100% stake in Gee Pee Aerospace And Defence Private Limited making Ltd worth Rs8.8cr – positive but small acquisition
·         Black Rose Industries Limited have commenced commercial production of acrylamide solids at its manufacturing facility situated at Jhagadia, Gujarat, on June 2, 2022. - positive
·         Cosmo Films announces the launch of Silky SF - a cationic softener that enables excellent softening effect on all kinds of textile. The newly launched product is cost effective and offers a silky touch to the fabric. The product will be available across Indian/global market. – positive
·         ICICI Bank introduces a slew of new digital facilities on its 'Money2World' platform – ICICI Bank announced the launch of an array of new facilities on its online outward remittances platform, 'Money2World' (M2W), to provide improved convenience to users including those who do not have accounts with the Bank.
·         Union Bank of Indiasigned a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for a Co-Financing arrangement for MSMEs. - positive Open / Comment

2022-02-28 11:51:54 Jindal drilling @185tgt200+ sl170 Open / Comment

2022-02-28 09:04:50 Jindal drilling @185tgt200+ sl170 Open / Comment

2022-02-28 08:10:19 Birlacable @108 tgt120++ sl100 Open / Comment

2022-02-28 08:09:22 Jindal drilling @185tgt200+ sl170 Open / Comment

2022-02-28 06:05:37 Cocoblu Retail seeks to be a dominant seller on E-commerce retail platforms and has partnered with several brands in multiple categories to scale up its product offerings.- positive
·         PNC Infratech secured a new road project worth 885cr from the National Highways Authority of India. – positive
·         Euro India Fresh Food CRISIL Ratings  has assigned a rating to the bank facilities Rs45 crore of Euro India Fresh Foods Limited by two levels. The long-term rating has been assigned at CRISIL BB / Stable and the short-term rating at CRISIL A4+.- positive
·         Linde India Ltd recommends total dividend of Rs. 13.50 a share – positive
·         Stovec Industries Ltd recommends dividend of Rs. 57 (CMP 2357)
·         Patel Energy, the wholly owned subsidiary of Patel Engineering has disinvested its entire stake in Naulo Nepal Hydroelectric PVT, a subsidiary in Nepal for Rs. 11.53 crores – Positive
·         Reliance Power has approved the appointment of Dr. Thomas Mathew as an Independent Director – Avoid on account of poor balance sheet
·         Aditya Consumer opens new '9to9 Salon & Spa - Ladies' outlet at Muzaffarpur – positive
·         UGRO Capital receives a rating upgrade to A+ (stable) for Long Term and A1+ for short term instruments – positive
·         BCPL Railway Infrastructure has secured an order of 25KV OHE under Rangiya Division of Northeast Frontier Railway under RE Project, Guwahati.- positiv Open / Comment

2022-02-28 06:05:37 ·         Zomato has incorporated Zomato Financial Services Limited, wholly owned subsidiary of the Company as Non-Banking Finance Company (NBFC) – Positive
·         Vodafone Idea: To consider raising funds by different modes or a combination of modes on March 3.- positive
·         Bharat Petroleum: The company has appointed Sanjay Khanna as additional director and director (Rrefineries) for a term of five years. –positive
·         Hindalco: The company has signed a share purchase agreement with Terrabel Empreedimentos Ltda, a Brazilian firm to divest entire equity shareholding in Hindalco Do Brasil Industria Comercio de Alumina, a wholly owned step-down subsidiary – positive
·         BEML: Shareholders approved demerger of identified surplus/non-core assets between the company and BEML Land Assets (Resultant company).- positive
·         Precision Wires has started taking effective steps for implementation of capacity expansion and modernization approx 5000MT/annum at our Silvassa works at the total cost of Rs. 40 crore. – Positive
·         SJVN in principal approval for setting up of 400MW solar park - positive
·         Vedanta - Crisil Ratings upgrades its rating on the long-term bank facilities and debt instruments of Vedanta to ‘CRISIL AA’ from ‘CRISIL AA-'- positive
·         Dr. Reddy’s Lab has entered into a definitive agreement to acquire Nimbus Health GmbH. Nimbus is a privately owned and licensed pharmaceutical wholesaler from Germany focusing primarily on medical cannabis in Germany.- positive
·         NHPC  - The company has signed a securitisation facility of Rs 1,020 crore with HDFC Bank. NHPC will monetise Chamera-1 Power Station through securitisation.- positive
·         Everest Kanto Cylinder's arm to set up cylinder production facility in Egypt – positive
·         ITI said that Brickwork Ratings has reaffirmed its ratings on the enhanced bank loan facilities of the company of Rs 4,469.50 crore.- positive
·         GRM Overseas has further strengthened its 10X brand through the addition of packaged Wheat Flour 10X Shakti Chakki Fresh Atta, in its Direct-to-Consumer (D2C) product offerings under its subsidiary GRM Foodkraft after the introduction of 10X Biryani Kit in December 2021. – positive
·         IRCTC increase in the frequency of Delhi to Lucknow and Lucknow to Delhi Tejas Express trains to 6 days a week for the period from March 8 to May 31, 2022.- positive
·         InterGlobe Aviation and SpiceJet -  Government may allow resumption of regular international flights around March 15-20 – positive
·         KSB - The company's profit grew by 23 percent YoY to Rs 39.4 crore for the December quarter and revenue rose 20 percent to Rs 444.6 crore during the reporting quarter.- Avoid
·         Adani Power wins Supreme court case on power dues from Rajasthan, Supreme Court direct Rajasthan government to pay Rs3048cr to Adani Power – positive
·         Vakrangee has partnered with Protean eGov Technologies to offer PAN card related services. Vakrangee will work as a PAN Service Agency (PSA) of Protean eGov Technologies Limited.- positive
·         Kabra Extrusiontechnik the pipes and plastic products maker allotted warrants to investors including University of Notre Dame Du Lac. Kabra Extrusiontechnik allotted 11 lakh warrants to three investors at a conversion price of Rs 329 per share. – positive
·         PI Industries launches new product 'DISTRUPTOR - PI Industries Ltd has launched a new product 'DISTRUPTOR', a pesticide against brown planthopper (BPH) in rice crop.- positive
·         The KCP Limited have commissioned it Packing plant at Mosur Road, Ekhunagar, Arakkonam - 631 004, Tamilnadu.- positive
·         RattanIndia Enterprises  announced that its 100% owned subsidiary, Cocoblu Retail Limited has started sales on the Amazon India platform from February 24, 2022, and revenue generation has started in the company. Open / Comment

2022-02-28 06:05:37 News and Impact
 
·         Expects market to open on a soft note on account of geo-political tension between Russia and Ukraine after the Russian President Vladimir Putin has ordered his country’s strategic nuclear forces to high alert, as the Ukraine crisis escalates. Both Dow and Nasdaq Future nosedived 1% and 2% respectively and Asian market pare gain from the intra-day high. Gold spiked nearly 2% to above $1900 and Brent Crude surged by 5% to above $102/bbl amid heightened market uncertainty after Western nation’s unveiled harsher sanctions on Russia for the invasion of Ukraine. Expects higher intra-day volatility in the market on account of rising oil price and continued FIIs selling (net sellers Rs20k this week, 50% of during the month of Feb.).On the other hand, market expectation that the US Fed may avoid aggressively hike interest rate in the current situation. Traders avoid bargain hunting and expectation of higher intra-day volatility in the next few days. SGX Nifty is trading flat. 
·         U.S. stock index futures slid in early Asian trading hours Monday, following a weekend of mounting moves by Western governments in response to Russia’s invasion of Ukraine. Asian markets are trading flat while  Futures on the Nasdaq 100 were down 2.4%, after sliding as much as 3.5% and Dow Future decline over 1%.
·         Wall Street looked to end a turbulent week on a high note Friday, with the Dow soaring more than 800 points in afternoon trading while investors monitored Russia's continued incursion into Ukraine and the
·         responses from the United States and its allies. Both Dow and S&P 500 gained 2.5% each. Federal Reserve officials signaled they remain on track to raise interest rates next month. They stressed the need to confront the hottest U.S. inflation in 40 years, despite uncertainty posed to the global economy by the Russia-Ukraine conflict.
·         European stocks jumped the most since November 2020 on Friday as investors returned to risky assets following yesterday’s sharp selloff sparked by Russia’s invasion of Ukraine.  UK, Germany and France Index gained nearly 4% each.
·         Oil futures surged 4% 2% to above $102/bbl , as investors continued to monitor Russia's invasion of Ukraine, a day after crude briefly topped the $100-a-barrel threshold for the first time in over seven years.
·         Gold extended a by 2% to %1908 as investors remained on edge while assessing the impact of Russia’s invasion of Ukraine and Western sanctions. Gold fell 1% to $1889/ounce while touched weekly high of $1974/ounce.
·         Actionable – ONGC, Coal India, Vodafone
·         Brokers Radar
·         Events – EID Parry board meeting for dividend , Vedanta Fashion results, EasyTrip Planner ex-bonus 1:1
·         Market Summary - Dr Reddy’s acquisition of German medical cannabis Nimbus Health GmbH, Bharti Airtel to Buy 4.7% More in Indus Towers from Vodafone, Cabinet approves offering of coal via common e-auction window, LIC IPO, Union Cabinet allows 20% FDI in insurer under direct route, Adani Power Wins $405 Million in Power Tariffs From Rajasthan
·         Bharti Airtel has agreed to buy the stake from Vodafone on condition that the deal proceeds will be injected in Vodafone Idea Ltd. and simultaneously remitted to clear outstanding dues of Indus Towers.- positive
·         Coal India The government approved offering of dry-fuel by coal companies, including state-owned CIL, through a common e-auction window instead of sector-specific auctions. – positive
·         LIC IPO - Ahead of the upcoming Life Insurance Company’s (LIC) initial public offering (IPO), the Union Cabinet has cleared up to 20 percent foreign direct investment (FDI) under the direct route in the public sector insurer.
·         Muthoot Finance - Belstar Microfinance Limited ("Belstar"), a subsidiary of Muthoot Finance has obtained the approval from the Reserve Bank of India for a primary equity infusion of Rs. 275 Crores into Belstar. Belstar along with its Promoters, Arum Holdings – positive Open / Comment

2022-02-25 07:08:55 Nifty16500 pe@200 Open / Comment