SKM INVESTMENT

2021-09-22 08:05:45 Jubilant food 4150 ce @123 tgt150++ sl100 Open / Comment

2021-09-22 05:55:19 · Indraprastha Gas - NCLAT announces stay on NCLT's order regards to dispute with Shanvi Constructions, A stay order has been passed on September 20, by the Hon’ble NCLAT till the next date of hearing is October 06, 2021.- We are positive on IGL.

· EaseMyTrip - Hon'ble High Court of Delhi passes an order in favour of EaseMyTrip regarding unsolicited messages- Avoid

· Sterling and Wilson Solar commissions 66 MWp solar energy project in Jordan - Positive

· BLS International has been selected as National Business Correspondent for India's largest bank, SBI to deliver banking services in urban, semi-urban and rural areas across the country.- Positive

· Godrej Industries board nods fundraising plan of Rs750cr via debt securities issue on private placement – Positive

· Fineotex Chemical Limited has earned the prestigious ECO PASSPORT by OEKO-TEX certification, the highest rating in the globally renowned audit that measures standards of sustainability – positive

· Steel Strips - Ind-Ra upgrades Steel Strips Wheels to 'IND A-' with Positive outlook. The upgrade follows SSWL’s healthy operating performance and improvement in credit metrics in 2HFY21 and 1QFY22. – positive

· RattanIndia Enterprises appoints Peeyush Kumar as Head of Drone business – positive

· HDFC Life updated the exchanges in relation to the proposed issuance of 8.70lakh equity shares through a preferential issue to Exide Industries at the forthcoming EGM of the shareholders of the company. – We are positive on HDFC Life

· Adani Group is planning to invest $20billion over 10 years in renewable power generation, component manufacturing and power transmission and distribution, Chairman Gautam Adani said. – Avoid

· BEST orders 1,900 electric buses …Expects momentum Electric Bus manufacturer… Tata Motor, Ashok Leyland, Olectra GreenTech - Media news that the BEST has issued tenders for procuring 1,900 fully electric buses, signaling one of the biggest electric bus fleet expansions in the country. It will issue tenders in the next few days for procuring 200 double deckers, which will also be fully electric. Open / Comment

2021-09-22 05:55:19 · Archit Organosys - Archit Organosys approved expansion of existing production capacity by 6000 M.T. p.a. The existing capacity is 12000 Metric Tonne (MT) per annum and capacity utilization is at 60% - Positive

· Deep Energy Resources Ltd arm selected as CBM developer for Jharia CBM Block-I – Positive

· Indiabull Housing - Rs200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Oversubscribed 4.04x Times – Positive

· Steel Strips Wheels receives approval for resolution plan for AMW Autocomponent Ltd – Positive

· Vikas Lifecare: The company’s Agro Products division has received the largest single export order to date, amounting $1 million.- Positive

· Bhansali Engineering: The company has received environmental clearance from the government for expansion of High Rubber Graft (Rubber Rich ABS) unit from 15,000 TPA to 50,000 TPA for company's Satnoor Plant located at Chhindwara in MP - Positive.

· PDS Multinational Fashions: Company has completed the acquisition Filkor on September 21 for £500,000. The investment is in line with the Sustainability and Circularity goals of the company. – Positive

· Nucleus Software Exports: Board will consider buyback of shares on September 24. - Positive

· HDFC cuts home loan rates for festive period, customers can avail home loans starting from 6.7% between Sep 20 to Oct 31. Till now, HDFC charged an annual interest rate ranging between 6.75% and 8%, depending on the customer’s quality. – Positive

· Hindustan Aeronautics defers considering stock sprit proposals – May negative sentiment but not change its fundamental …Any sharp decline will be buying opportunity

· L&T secured two significant orders(order value in the range Rs 1,000 crore-Rs 2,500 crore) in the construction segment – Positive

· Happiest Minds wins two awards at Asiamoney Asia’s Outstanding Companies Poll 2021 – Positive

· Glenmark Pharma received final approval by the USFDA for Cindamycin Phosphate Foam, 1%, the generic version of Evocllin Foam, 1% of Mylan Pharma – Positive

· SAIL - Union Minister of Steel reviews status of steel cost reduction in production of PSUs. The measures being taken to increase efficiency and productivity and reduce the cost of production of the steel plants & mines as per the Indian & global benchmarks and action plans to achieve the same were also discussed.

· Pfizer - Pfizer Inc and BioNTech reportedly said trial results showed their coronavirus vaccine was safe and produced a robust immune response in children aged 5-11. They would seek regulatory approval shortly. – positive

· Coal India - The company's arm Bharat Coking Coal signed first of its kind revenue-sharing contract of around Rs 1,880 crore with Prabha Energy for commercial extraction of a coal bed methane.- Positive

· Lincon Pharma is planning to launch Cephalosporin products soon, acquired a facility in Mehsana, Gujarat. Company to invest Rs. 30 crore in Cephalosporin plant including capacity expansion and modernisation of the facility- Positive

· Tata Motors will increase prices of its commercial vehicle range by around 2% to partly offset a continued rise in the cost of commodities such as steel and precious metals. – Positive

· According to data released by the BSE, the number of stock investors (Unique Client Codes) has risen by 10 million over the past three months from 6 June to 21 September. This is the fastest pace of addition in its history. The number of stock investors registered with the exchange has risen from 70 million in June 2021 to 80 million at present - Positive

· SpiceJet has won shareholder approval to raise as much as 25 billion rupees ($340 million) by selling shares to institutional investors as India’s second-largest carrier moves to repair its finances from the damage wrought by the pandemic.- Positive Open / Comment

2021-09-22 05:55:19 News & Impact

· Expects market to open on a flat note on account of global cues. U.S. stocks fell in the final minutes of trading a day after registering the biggest slide in four months as traders assessed risks from China’s crackdown on the real-estate sector and this week’s Federal Reserve meeting. Investors remain on the edge of their seats as they await today’s update from the Fed as well as details around if and how the Chinese government will respond to the Evergrande crisis. Dow Jones and S&P 500 declined 0.1% each but fell nearly 1% from the intra-day high. SGX Nifty declined 0.2% while Dow Future gained 0.2%.

· European market, UK, France and Germany Index surged by 1% each while China’s real estate crackdown eased and investors awaited this week’s Federal Reserve meeting for guidance on tapering. Bank of England interest rate decision will announce tomorrow.

· Asian stocks and U.S. futures fell as traders assess the debt crisis at China Evergrande Group and gird for a Federal Reserve meeting that is expected to signal a reduction in stimulus later this year. Equities in Japan and Australia retreated. China resumes trading later in the morning after a two-day holiday, while Hong Kong is shut. Nikkei Index declined marginally ahead of Bank of Japan policy meeting today.

· Brent Crude ended marginally higher by half percent to $74.5/bbl after a choppy session as concerns over tightening supply outweighed fears over the state of China’s economy.

· Gold advanced 1% to $1775/ounce as the dollar edged lower and investors weighed the potential for spillover effects from the debt crisis at developer China Evergrande Group, bolstering demand for haven assets.

· Expects range bound market today ahead of outcome by US Fed policy decision. However, stocks specific action expected in the market. Traders focus on beaten down real estate and metal stocks.

· Actionable – SAIL, Mphasis, PEL, Clean Science

· Events – Route Mobile board meeting for fund rising, US Fed Interest rate decision, Bank of Japan interest rate decision, PM to visit US, China and South Korea Market shut today,

· Market Summary - Tata Motors Plans to Raise Commercial Vehicle Prices From Oct. 1, SpiceJet to Raise $340 Million in Share Sale to Bolster Finances, Adani to Invest $20 Billion in Renewables, Power Lines, HDFC Cuts Home Loan Rates For Festive Period, Lincon Pharma acquires plant Mehsana, Gujarat, company plans to launch, BSE adds 10 million investors since June 2021, hits 80 million mark

· HCL Tech in multi-year partnership with Lendico, company to establish fintech lab in Germany

· Infosys pact with Servicenow on enterprises level service management – Company has collaborated with ServiceNow, a digital workflow company, to provide enterprise-level service management for customers in manufacturing industries. - positive

· Tata Power plans to raise up to $750mn for Renewable business – Positive

· MTAR Technologies Ltd receives NADCAP certification for 100% Export Oriented Unit , Telangana – Positive

· Surya Roshni has obtained order amounted to Rs. 41.22 crore for implementing of smart LED Street Lights and installation from Greater Noida- Positive

· Cyient Joins TM Forum to collaborate with global CSPs – Company announced that it has joined TM Forum, an international industry association that drives digital business transformation of the communications industry through collaboration and innovation.- Positive

· Clean Science and Technology Ltd to acquire immovable property for Rs. 32.01 crores – Positive

· Real Estate stocks – Sobha, Brigade - Karnataka has said that the stamp fee will be reduced to 3% from 5%. This will be applicable to flats priced between Rs35 lakh and Rs45 lakh. – Positive for Sobha, Brigade.

· KEC International wins New Orders of Rs. 1,157 crores – Positive

· Torrent Power acquires 156 MW Wind Power Plants from CESC - Positive Open / Comment

2021-09-21 13:57:47 Open / Comment

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