16th June, 2021 Morning Brief

Market will open on a flat note today. 

Asian stocks saw a muted start Wednesday after their U.S. peers retreated from all-time highs, with investors awaiting a policy decision from the Federal Reserve.

🎯 News & Impact 🎯

🎯 LIC Housing Finance Q4FY21 (Consolidated, QoQ) :

NII up 21% at Rs 1,589.64 crore Vs Rs 1,316.62 crore Net profit down 47% at Rs 384.93 crore Vs Rs 721.11 crore Loan-loss provision at Rs 977.19 crore Vs Rs 180.95 crore Recommended a dividend of Rs 8.50 per share. 

🎯 Lemon Tree Hotels Q4FY21 (Consolidated, QoQ) : 

Revenue up 39% at Rs 95.08 crore Vs Rs 68.37 crore Net loss at Rs 26.71 crore Vs Rs 45.72 crore Ebitda up 42% at Rs 28.53 crore Vs Rs 20.08 crore Ebitda margin at 30% Vs 29.4%

🎯 Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion.

🎯 Jubilant Pharmova : Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets. 

🎯 RITES : Emerged as the lowest bidder for Rs 1,741 crore railways project.

🎯 Wipro : Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance.

🎯 KPI Global Infrastructure: The company signed new long-term Power Purchase Agreement (PPA) with Polycab India, Vadodara for sale of 5.70 MW solar power for their different units for a period of 20 years under Independent Power Producer (IPP) business vertical.

🎯 Godrej Agrovet : 

Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company.

🎯 Lupin : Life Insurance Corporation of India acquired 2.019% stake in Lupin via open market transaction, raising stake to 6.629% from 4.61%.

🎯 Adani Green Energy : Promoter Infinite Trade and Investment bought 15 lakh shares on June 14. 

Positive. 👍

🎯 Asian Granito India : Promoter Kamleshkumar Patel sold 1.50 lakh shares on June 14. 

Negative. 

🎯 Godrej Agrovet : Promoter Godrej Industries bought 36,772 shares on June 10. 

Positive. 👍

🎯 Mold-Tek Packaging : Promoter Golukonda Satyavati sold 2,000 shares between June 4-10. 

Negative 

🎯 Ultramarine & Pigments : Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 6,185 shares on June 14.

Negative 

🎯 Emami : Promoter Sneha Enclave created a pledge of 15 lakh shares between June 10-11. Promoter Sneha Gardens revoked pledge of 3 lakh shares on June 11. 

🎯 Jindal Steel & Power : Promoter OPJ Trading revoked pledge of 42.21 lakh shares between June 9-10.As reported on June 15.

16th June, 2021 Morning Brief

Market opened on a positive note today after last hour recovery witnessed yesterday. 

Asian stocks pushed higher Tuesday after their U.S. peers closed at a record and a bond rally stalled ahead of a key Federal Reserve meeting. 

Elsewhere, crude oil edged back above $71 a barrel on optimism that economic reopenings will boost summer demand in the U.S. and Europe.

Data To Watch

5pm: India May trade balance, est. -$6.31 billion, prior -$15.1 billion

India May exports YoY, no est., prior 195.7%

India May imports YoY, no est., prior 167.1%

🎯 News & Impact 🎯

Results Today :

Jubilant FoodWorks, Power Finance Corporation, LIC Housing Finance,

🎯 Coal India : 

The company reported lower consolidated profit at Rs 4,588.96 crore in Q4FY21 against Rs 4,625.7 crore in Q4FY20, revenue fell to Rs 26,700.14 crore from Rs 27,568.23 crore YoY.

Declares dividend

🎯 NHPC : 

NHPC signed a Memorandum of Understanding (MoU) with Bihar State Hydro-Electric Power Corporation (BSHPCL) for execution of Dagmara HE Project (130.1 MW) in Bihar on ownership basis..

🎯 JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale.

🎯 Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise value of CHF 805 million to CHF 855 million on a cash and debt-free basis.

🎯 Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.

🎯 Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%

🎯 Ashiana Housing: Entered into a development agreement for developing a residential project with a saleable area of 8,95,000 sq. ft. in Pune on a revenue-sharing basis.

🎯 Power Finance Corporation: Incorporated Mohanlalganj Transmission as a wholly-owned subsidiary of PFC Consulting for the development of a transmission scheme associated with the construction of 400/220/132kV GIS Substation at Mohanlalganj in Lucknow.

🎯 Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 11.

Positive. 

🎯 Accelya Solutions India: Promoter Accelya Group Bidco sold 21.81 lakh shares between June 10-11.

Negative. 

🎯 Shree Pushkar Chemicals & Fertilisers: Promoter Gautam Makharia bought 19,083 shares on June 10.

Positive. 👍

🎯 Valiant Organics: Promoter Hemchand Gala sold 1,153 shares on June 11.

Negative. 

🎯 Westlife Development: Promoter Makino Holdings sold 13.15 lakh shares between June 9-11.

Negative. 

🎯 Apollo Tyres: Promoter PTL Enterprises bought 1.42 lakh shares between June 2-9.

Positive. 

🎯 Gati: Promoter TCI Finance invoked pledge of 25,000 shares on June 10.

🎯 JSW Holdings: Promoter OPJ Trading revoked pledge of 1.17 lakh shares on June 9.

Positive. 

🎯 Laurus Labs: Promoter Chunduru Rao revoked pledge of 17 lakh shares on June 11.

Positive. 👍

🎯 Max Financial Services: Promoter Max Ventures Investment revoked pledge of 33.54 lakh shares between June 10-14.

🎯 SMC Global Securities: Promoter Pulin Investments created a pledge of 5 lakhs shares between April 1 and June 14.

Negative. 

14th June, 2021 Morning

Market will open on a flat note today. 

Result Today : 

Coal India

🎯 News & Impact 🎯

🎯 DLF: The company reported consolidated profit at Rs 480.94 crore in Q4FY21 against loss of Rs 1,857.76 crore in Q4FY20, revenue increased to Rs 1,712.57 crore from Rs 1,694.2 crore YoY.

🎯 BHEL: The company posted consolidated loss at Rs 1,034.8 crore in Q4FY21 against loss of Rs 1,532.67 crore in Q4FY20, revenue jumped to Rs 7,170.5 crore from Rs 5,022.94 crore YoY. 

Negative. 

🎯 Capacite Infraprojects: The company reported higher consolidated profit at Rs 24.5 crore in Q4FY21 against Rs 4.03 crore in Q4FY20, revenue rose to Rs 368.9 crore from Rs 307.2 crore YoY.

Positive. 👍

🎯 JK Cement: The company reported higher consolidated profit at Rs 214.3 crore in Q4FY21 against Rs 160.82 crore in Q4FY20, revenue jumped to Rs 2,134.14 crore from Rs 1,545.65 crore YoY.

Positive. 👍

🎯 Sun TV Network: 

The company reported sharply higher profit at Rs 449.88 crore in Q4FY21 against Rs 250 crore in Q4FY20, revenue increased to Rs 782 crore from Rs 735.16 crore YoY.

Positive. 👍

🎯 Adani Enterprises: 

The company incorporated wholly-owned subsidiary Adani Cement Industries on June 11.

Positive. 👍

🎯 BEML: The company incorporated its wholly owned subsidiary for demerger of surplus land and asset as part of its strategic disinvestment process undertaken by Government of India.

🎯 Asian Granito India : 

Promoter Mukeshbhai Patel sold 2.99 lakh shares between June 8-9. 

Negative. 

🎯 Dhanuka Agritech : Promoters (Triveni Trust and Pushpa Dhanuka Trust) sold 23.28 lakh shares on June 9. 

Negative. 

🎯 Crompton Greaves Consumer Electricals: Promoter Amalfiaco sold 3.36 crore shares on June 9.

Negative. 

🎯 Eris Lifesciences : Promoter Himanshu Shah sold 89,055 shares between June 8-10. 

Negative. 

🎯 Mold-Tek Packaging : Promoter Durga Sundeep sold 9,485 shares between June 7-10. 

Negative. 

🎯 Plastiblends India: Promoter Jyoti Kabra bought 8,000 shares between June 8-10.

Positive. 👍

🎯 Panama Petrochem: Promoter Panama Builders Developers bought 54,027 shares between June 9-11. 

Positive. 👍

🎯 Ultramarine & Pigments : Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman and S Narayan) sold 11,800 shares on June 10.

Negative.

🎯 Bharat Forge: Promoter Ajinkya Investment & Trading Co sold 46.56 lakh shares (1%) at Rs 750.8 per share.

Negative. 

9th June, 2021 Morning Brief

Market will open on a flat note today. 

Asian stocks opened mixed Wednesday after U.S. equities treaded water near a record ahead of key inflation data. Shares slipped in Japan and South Korea and edged higher in Australia.

Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally.

The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91

Result Today : GAIL India, Bata India

🎯 Galaxy Surfactants : 

The company reported higher consolidated profit at Rs 78.68 crore in Q4FY21 against Rs 62.80 crore in Q4FY20, revenue jumped to Rs 783.52 crore from Rs 656.65 crore YoY.

🎯 Ion Exchange India : The company reported higher consolidated profit at Rs 70.48 crore in Q4FY21 against Rs 28.86 crore in Q4FY20, revenue rose to Rs 445.15 crore from Rs 351.09 crore YoY.

Positive. 

🎯 Videocon Industries : The Mumbai bench of the National Company Law Tribunal (NCLT) approved Vedanta Group subsidiary Twin Star Technologies' resolution plan for Videocon Industries and 12 other companies of the Videocon Group.

Positive. 👍

🎯 Glenmark Pharmaceuticals : The company announced interim data of 503 patients from its Post Marketing Surveillance (PMS) study on Favipiravir in India.

🎯 Welspun Corp : The company received multiple orders of approximately 164 KMT valuing close to Rs 1,725 crore.

Positive. 👍

🎯 Asian Granito India : 

Promoters (Bhagubhai Patel, Hinaben Patel, Dimpalben Patel, Bhogibhai Patel, Hiraben Patel, Bhogibhai Patel and Rameshbhai Patel) sold 10.60 lakh shares between June 3-7. 

Negative. 

🎯 Deepak Fertilisers & Petrochemicals Corporation : Promoter Robust Marketing Services bought 16,000 shares on June 3. 

Positive. 👍

🎯 Godrej Agrovet : Promoter Godrej Industries bought 22,896 shares between Jun 2-3.

Positive 👍

🎯 Ultramarine & Pigments : Promoters (S Narayan, Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 19,100 shares on June 7.

Negative. 

8th June, 2021 Morning Brief

Market will open on a positive note today in continuation of yesterday's move. 

Asian stocks were steady early Tuesday as investors await more clues on the outlook for inflation and central bank stimulus amid the recovery from the pandemic.

The S&P 500 ended a languid session slightly in the red on Monday, with investors standing by on news of a global minimum corporate tax rate, lingering inflation fears, and a lack of market-moving economic news.

The Dow Jones Industrial Average fell 126.15 points, or 0.36%, to 34,630.24; the S&P 500 lost 3.37 points, or 0.08%, at 4,226.52; and the Nasdaq Composite added 67.23 points, or 0.49%, at 13,881.72.

SEBI tells Franklin Templeton to return over Rs 500 crore to investors. 

🎯 News & Impact 🎯

🎯 Union Bank of India: The company reported standalone profit at Rs 1,329.77 crore in Q4FY21 against loss at Rs 2,503.18 crore in Q4FY20, net interest income jumped to Rs 5,402.86 crore from Rs 2,878.11 crore YoY.

Positive. 👍

🎯 Indiabulls Housing Finance: Indiabulls Housing Finance and Indiabulls Commercial Credit entered into a strategic co-lending partnership with Central Bank of India to offer secured retail loans and secured MSME loans respectively at competitive rates.

🎯 Infosys: The company announced a collaboration with Archrock, the leading provider of natural gas compression services in the US, to integrate digital technologies and mobile tools for its field service technicians.

🎯 Surya Roshni: The company received order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from Indradhanush Gas Grid (IGGL).

🎯 Dhampur Sugar Mills : 

Approved demerger of Asmoli, Mansurpur and Meerganj units to the resulting company (a wholly-owned subsidiary of the company). The turnover of the demerged divisions for the FY21 was Rs 2,034.13 crore representing 48% of the total turnover of the demerged company for the said financial year.

🎯 Hindustan Construction Company : Defaulted on payment of loan of Rs 2,030.64 crore from banks, financial institutions, and unlisted debt securities. The total amount of loan outstanding as on date stands at Rs 4,147.84 crore.

🎯 Asian Granito India : Promoters (Mukeshbhai Patel HUF, Sureshbhai Patel, Bhanuben Patel, Jivabhai Patel HUF) sold 6.69 lakh shares between June 3-4. 

🎯 TVS Motor Company : 

Promoter Sundaram-Clayton sold 2.44 crore shares on June 7. 

🎯 Vardhman Textiles : Promoter 

Vardhman Holdings bought 5,000 shares on June 4. 

🎯 Vardhman Special Steels : Promoter Sachit Jain bought 6,000 shares between June 3-

7th June, 2021 Morning Brief

Market will open on a positive note today after positive response. 

Asian stocks were steady early Monday after their U.S. peers climbed toward a record, aided by an American jobs report that eased some fears about the economy running too hot and stoking troublesome inflation. 

🎯 Punjab National Bank : 

The bank reported standalone profit at Rs 586.33 crore in Q4FY21 against profit of Rs 506.03 crore in Q3FY21, net interest income fell to Rs 6,937.55 crore from Rs 8,312.98 crore QoQ.

🎯 Indigo Q4FY21 (Consolidated, QoQ) :

Net Loss of Rs 1,147 crore Vs Rs 620 crore. 

Revenue down 26.3% to Rs 6,362 crore 

Net debt at Rs 29,859.7 crore as of the end of March 

Cash balance fell 8.9% to Rs 18,568.5 crore 

FY21 net loss at Rs 5,806 crore vs net profit of Rs 233 crore the previous fiscal.

🎯 MOIL : The company reported higher profit at Rs 116.03 crore in Q4FY21 against Rs 13.47 crore in Q4FY20, revenue jumped to Rs 450.13 crore from Rs 248.65 crore YoY.

🎯 Power Grid Corporation of India : Power Grid Corporation of India acquired Fatehgarh Bhadla Transco (FBTL) and Sikar New Transmission Limited (SNTL), the project SPVs to establish transmission system strengthening for evacuation of power from solar energy zones in Rajasthan (8.1 GW) on build, own, operate and maintain (BOOM) basis from the bid process coordinator - REC Power Distribution Company.

🎯 Welspun Corp : American Petroleum Institute, USA has granted licence to the company to manufacture SAWH pipes as per API Specification 5L & to apply API monogram on the pipes from company's Madhya Pradesh facility.

Aarti Industries: Promoter Shreya Suneja sold 5,000 shares on June 1. 

Negative. 

🎯 Asian Granito India : Promoters (Sureshbhai Patel and Chhayaben Patel) sold 4.95 lakh shares on June 3. Promoter Sureshbhai Patel bought 2.39 lakh shares on June 3. 

Positive. 👍

🎯 Dixon Technologies (India): Promoter Geeta Vaswani sold 1,000 shares on June 1. 

🎯 Godrej Agrovet : Promoter Godrej Industries bought 26,426 shares on June 1.

Positive. 👍

🎯 GRM Overseas : 

Promoters (Mamta Garg and Atul Garg) bought 4,200 shares between June 2-3. 

Positive. 👍

🎯 Suprajit Engineering : Promoters (Aashish Rai, Akhilesh Rai and Ashutosh Rai) bought 15,894 shares between June 1-3. 

Positive. 👍

🎯 Ultramarine & Pigments : 

Promoters (Sridhar Sundararajan HUF, Kala Sundarvedha and S Narayan) sold 28,924 on June 3.

Negative. 

4th June, 2021 Morning Brief

Market will open on a cautious note ahead of RBI policy. 

Results Today :

Punjab National Bank, Bank of India, Bharat Forge, Moil. 

The Reserve Bank of India's MPC is set to reveal its decision on rate cuts.

🎯 Som Distilleries & Breweries : The company reported consolidated profit at Rs 3.7 crore in Q4FY21 against loss of Rs 4.97 crore in Q4FY20, revenue rose to Rs 191.62 crore from Rs 161.55 crore YoY.

Cupid: The company reported profit at Rs 6.47 crore in Q4FY21 against Rs 10.43 crore in Q4FY20, revenue fell to Rs 41.69 crore from Rs 42.69 crore YoY. 

Positive. 👍

🎯 Gujarat State Petronet: The company reported higher consolidated profit at Rs 577.5 crore in Q4FY21 against Rs 497.67 crore in Q4FY20, revenue rose to Rs 3,828.65 crore from Rs 3,207.41 crore YoY.

Positive. 👍

🎯 Nucleus Software Exports : The company reported consolidated profit at Rs 27.35 crore in Q4FY21 against Rs 28.14 crore in Q4FY20, revenue fell to Rs 124.18 crore from Rs 138.23 crore YoY. 

🎯 DMart bought 7 properties for 400 crores. 

🎯 Lupin : The pharma company launched an authorised generic version of Brovana (arformoterol tartrate) Inhalation Solution 15 mcg/2 mL, unit-dose vials, of Sunovion Pharmaceuticals Inc, in the United States. The drug is used for the maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease 

🎯 Mahindra & Mahindra : Ministry of Defence signed a contract with Mahindra Telephonics Integrated Systems for procurement of 11 airport surveillance radars with monopulse secondary surveillance radar for the Indian Navy and Indian Coast Guard. The procurement, at a cost of Rs 323.47 crore, will be made under the 'buy & make' category.

🎯 BEML: The company has started manufacturing 960 LPM medical oxygen plants at its KGF complex in record time under a ToT agreement with Defence Bio-Engineering & Electro Medical Laboratory (DEBEL), Bengaluru under DRDO.