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.