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2023-01-04 06:43:35 Open / Comment

2023-01-04 04:36:24 STOCKS IN ACTION 4 January

KRISHNA INSTITUTE OF MEDICAL SCIENCES
Boardmeet Today
To Consider Fund Raising Via NCDs Aggregating Rs 300 Crores

IRB INFRASTRUCTURE DEVELOPERS: Boardmeet Today
To Consider Stock-Split Proposal
(Current FV of Shares = Rs 10)

RAILTEL CORPORATION OF INDIA: Receives Work Order From South Eastern Coalfields Limited for providing MPLS VPN services at 529 Locations under SECL Command Area for the period of 5 Years
Total Value of the work is Rs 186.19 Crores

Equitas SFB: The Reserve Bank of India (@RBI) approves SBI Funds Management Limited's (SBIMFL) acquisition of 9.99% stake in Equitas SFB

NTPC starts India’s first green hydrogen blending operation in PNG Network

THEMIS MEDICARE: Launches Lenzetto
Global brand of Estradiol Novel Drug Delivery System for treatment of Menopausal symptoms
A Transdermal Spray; Would Be Available On Prescription

RIL: Reliance Consumer Products Limited forms
Joint Venture with 100-year-old beverage maker Sosyo Hajoori Beverages
Reliance Consumer Products Ltd (RCPL) will acquire 50% stake in Sosyo Hajoori Beverages

Advanced Enzyme Technologies: The company acquired 50% stake in Saiganesh Enzytech Solutions, and additional 4.83% stake in subsidiary JC Biotech

Satin Creditcare Network: The board will meet on Jan. 6 to consider raising funds through private placement of non-convertible debentures.

PNC Infratech: The company's subsidiary Akkalkot Highways received appointed date of Dec. 28, 2022, for construction of six-lane with access controlled greenfield highway on a section of NH-150C under Bharatmala Project.

HDFC: Q3Update
Loans Assigned @ Rs 8892 Crores Vs Rs 7468 Crores Previous Year (Up 19% YoY)
Dividend Income @ Rs 482 Crores Vs Rs 195 Crores YoY

AVENUE SUPERMARTS: Q3Update (Oct-Dec)
Revenue @ Rs 11,304.5 Crores (Up 24.7% YoY)
Total Number Of Stores Stood @ 306
(H1 End Had 302 Stores)

VEDANTA: Q3Update
Aluminium Production @ 566,000 Tonnes Down 2% YoY & Down 3% QoQ
Saleble India Zinc @ 257,000 Tonnes Down 2% YoY & Up 5% QoQ
Total Power Sales @ 3616 Mn Units Up 5% YoY & Flat QoQ

INDUSIND BANK: Q3Update
Net Advances @ Rs 2.719 Lakh Crores Up 19% YoY & Up 5% QoQ
Deposits @ Rs 3.25 Lakh Crores Up 14% YoY & 3% QoQ
CASA Ratio
Q3'22 = 42.2%
Q2'23 = 42.4%
Q3'23 = 42.0%

Punjab & Sind Bank Q3 Update
Total biz up 12.26% at Rs 1.87 lk cr vs Rs 1.67 lk cr (YoY)
Total deposits up 9.11% at Rs 1.09 lk cr vs Rs 1 lk cr (YoY)
CASA deposits up 11.33% at Rs 36,460 cr vs Rs 32,749 cr (YoY)
CASA at 33.30% vs 32.63% (YoY)

BSE: Sundararaman Ramamurthy Joins As MD & CEO Today
Appointed For A Tenure of 5 Years
Exchange To Seek Approval From Shareholders Through Postal Ballot On 16-Jan
The top position has been vacant since July when AshishKumar Chauhan resigned

CAN FIN HOMES: DGM & CFO Prashanth Joishy Steps Down From The Post of CFO Effective yesterday, will continue to be on
the rolls of the Company
Appoints Apurav Agarwal As CFO Effective yesterday

LTIMindtree: Venugopal Lambu resigns from the position of Whole-time Director & President, Markets II
To pursue opportunities outside the Company
Resignation accepted, last working day 10-January
First Big Resignation/ Exit Post Merger Open / Comment

2023-01-03 04:49:37 STOCKS IN ACTION 3 January

HFCL receives Purchase Orders aggregating to Rs 95.38 cr from Reliance Projects & Property Management Services for supply of OpticalFiberCables to one of the leading private telecom operators of the country

PSP Projects declared lowest bidder for a Government project worth Rs 1,364.47 cr in Surat, Gujarat

Dabur says transaction with Badshah Masala has been completed, Badshah Masala has become a subsidiary of Dabur India Limited w.e.f. today i.e. 2nd January 2023.

SBI/ICICI Bank/HDFC Bank: The Reserve Bank of India these three banks in its list of domestic systematically important banks.

MOIL: The company registered 18% sequential increase at 1.41 lakh tonnes, and 91% rise in sales at 1.64 lakh tonnes in December 2022.

L&T Technology Services: The board will meet on Jan. 19 consider and approve the financial results for quarter ended December 2022.

Indian Bank: The bank increased lending rates by up to 25 basis points, effective Jan. 3.

Hind Zinc Q3 Biz Update: Mined metal output at 2.54 lakh tonne, up 1% YoY

ONGC 'Sagar Samrat' starts Oil and Gas production in Arabian Sea

Maruti Suzuki: The production volumes of the company in December declined almost 18% y-o-y to 1.25 lakh units in December

Birlasoft: CFO Chandrasekar Thyagarajan resigns

Zomato co-founder and Chief Technology Officer Gunjan Patidar steps down

Zee Ent: A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code by the Indian Performing Right Society, an Operational Creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the Company Open / Comment

2023-01-02 06:23:25 23, US10y 3.87%, SGX Nifty -0.29% Open / Comment

2023-01-02 06:23:24 *Macro and Market update this morning*

*India-GST mop-up about Rs 1.5 trillion in Dec, third highest ever*
Gross goods and services tax (GST) collection for December rang up over Rs 1.49 trillion, the data released by the finance ministry showed. This is a surge of 15 per cent year-on-year, mainly driven by increase in retail prices of consumption items, high inflation, and action taken to ensure compliance. This was the third-highest monthly collection since the tax was introduced in July 2017.

*Unemployment rate rises to 16-month high of 8.30% in Dec 2022: CMIE*
India's unemployment rate rose to 8.30% in December, the highest in 16 months, from 8.00% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed.

*India’s fiscal deficit for Apr-Nov at 58.9% of BE*
India's fiscal deficit widened to INR 9.78 trillion in April-November 2022 from INR 6.96 trillion a year earlier. That was equivalent to 58.9 percent of the government’s estimate for this financial year, compared with 46.2 percent of budget aim in the same period last year.

*Chinese manufacturing contracts sharply as COVID infections soar*
NBS Manufacturing PMI was down to 47.0 in December 2022 from 48.0 in the previous month, pointing to the third straight month of drop, amid the rapid spread of COVID infections that hurt production following Beijing's abrupt relaxation of pandemic measures. The latest print also marked the steepest pace of contraction in factory activity since February 2020.

*Fed reverse repo facility hits record $2.554 trillion*
The New York Fed said that its reverse repo facility took in $2.554 trillion in cash from money market funds and other eligible financial firms, passing the prev record on Sept. 30, when inflows totaled $2.426 trillion. The Fed’s reverse repo facility has been very active for some time. After seeing almost no uptake for an extended period, cash began to gravitate toward the central bank in the spring of 2021 and then grew consistently.

*ECB must stop quick wage growth from fuelling inflation: Lagarde*
Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, acc to ECB President. Lagarde provided no new policy hint in the interview but said the bank must "take the necessary measures" to lower inflation to 2% from its current rate of near 10%.

*Wall St ends 2022 with biggest annual drop since 2008*
The benchmark S&P 500 has shed 19.4% this year, marking a roughly $8 trillion decline in market cap. The tech-heavy Nasdaq is down 33.1%, while the Dow Jones Industrial Average has fallen 8.9%. The annual percentage declines for all three indexes were the biggest since the 2008 financial crisis, largely driven by a rout in growth shares as concerns over Fed's rapid interest rate hikes boost U.S. Treasury yields.

*South Korea export growth declines for 3rd straight month*
Exports from South Korea dropped 9.5 percent from a year earlier to USD 54.99 billion in December 2022, after a 14% plunge in the previous month. It was the third straight month of decline in exports, as inflation pressures persist globally and the impact of economic slowdown in China, South Korea's biggest trading partner. By the destination, shipments rose to the US (14.5%), the EU (7.1%), while fell to China (4.4%).

*Historic new year for Croatia as it joins euro, Schengen area*
Croatia rang in two historic changes with the new year, as the European Union's youngest member joined both the EU's border-free Schengen zone and the euro common currency, fulfilling longstanding ambitions of close integration with Europe. It becomes the 27th country to join the Schengen area, and the 20th to adopt the euro currency.

*Asian markets*
Asian markets opened on a positive inspite of weakness in US markets amidst optimism on China’s reopening


Brent 86.01, DXY 103. Open / Comment

2023-01-02 04:54:07 STOCKS IN ACTON 2 January

Punjab & Sind Bank: The board approved raising Rs 250 crore within 12 months via issue of equity shares and/or Basel III compliant bonds.

Reliance Infrastructure to acquire equity shares through conversion of equivalent number of warrants of Reliance Power Limited.

Hero MotoCorp: The company started deliveries of Vida V1 scooter, its first electric vehicle.

HG Infra declared as L-l bidder by Delhi Metro Rail Corporation Ltd for the project

Shriram Finance secures $100 mn long-term funding from Asian Development Bank

Plastibends India: Achieved all time highest ever Revenue from Operations for the nine months ended 31st Dec, 2022 of Appx Rs. 570 Cr; Q3 at Rs. 186 cR

Torrent Power: In talks to buy clean power projects from ReNew Energy Global1.1GW projects are valued at enterprise value of $1.2bn
Has submitted a non-binding offer at an equity valuation of $450mn
Torrent Pharma has 1.1GW of existing renewable energy capacity

Poonawala Fincorp promoter acquired 25lk shares

Supreme Petrochem: Receives permission from MPCB for Polystyrene (PS) and Expandable Polystyrene (EPS) Capacity Expansion Projects at Raigad
capacity of PS will stand increased by 36% to 3,00,000 MTA and EPS will stand increased by 70% to 85,000 MTA

OMCs-HPCL, BPCL, IOCL: Hike commercial gas cylinder price by `25 with immediate effect: Agencies
Expect Invesntory gains in Q3

Reliance Industries: Makes amendments to its MoA. Adds infrastructure and construction related activities to its business services

Tata Motors gets all regulatory approvals for purchase of Ford Sanand plant
To complete purchase of Ford Sanand Plant on January 10, 2023
To retain all eligible employees of Ford plant

Zydus Life gets final nod from US FDA for Triazolam tablets used to treat insomnia

REC/Adani Transmission: REC will sell entire shareholding of WRSR Power Transmission to Adani Transmission.

Adani Power: The company said the timeline for the completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power Ltd has been extended till January 15, 2023.

Indian Overseas Bank: Government appoints Ajay Kumar Srivastava as MD & CEO of the bank w.e.f. Jan 1, 2023

BSE appoints Sundararaman Ramamurthy as Managing Director & CEO of the company w.e.f. January 04, 2023

Religare Enterprises: The company signed a one-time settlement agreement with 16 lenders for full and final settlement for all withstanding of its subsidiary Religare Finvest. The NBFC will seek removal of corrective action plan imposed by the Reserve Bank of India.

Tata Consultancy Services: The board will consider the financial results for the quarter ended December 2022 and interim dividend on Jan. 09, 2023.

New Delhi Television: The board approved the appointment of Aman Kumar Singh as non-executive, non-independent director, and Sunil Kumar as independent director. The board also approved applications from founders Radhika Roy and Prannoy Roy for re-classifying them from promoter to public shareholders.

Bandhan Bank will sell its NPAs for Rs 801 cr to ARC (asset reconstruction company)
Bandhan Bank had put up Rs 8897cr NPAs for sale

IIFL Finance has proposed public issue of Tranche 1 issue of Non-Convertible Debentures

NMDC: LIC holding in NMDC falls from 15.7% to 13.7% Open / Comment

2022-12-08 11:50:43 #ElectionExchange | BJP leading in all the 27 tribal Assembly constituencies of Gujarat. Congress has a comfortable lead in Himachal Pradesh, leading in 39 seats

#GujaratElectionResult #HimachalPradeshElections #BJP #AAP #Congress Open / Comment

2022-12-08 08:31:09 Open / Comment

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