Valuemulticaps-SEBI Registered Research Analyst

2022-06-14 06:19:49 ·         Events –   US Fed 2-day meeting commence from today (Wednesday mid-night US Fed rate announcement), PNB Housing board meeting for fund raising, WPI Data (India)  Bajaj Auto Board meeting for share buy-back, Cabinet meeting at 9am today, Ex-dividend – DCB Bank AGM dividend Re1, R. Systems – AGM and dividend Rs6.50, Indian Bank – AGM and dividend Rs6.50, Havells’ India - AGM and dividend Rs4.50. UK – Data - GDP, Industrial Production, Manufacturing Production (UK).
·         Market Summary – Fitch Revises Outlook on UltraTech's Foreign-Currency IDR to Stable; Affirms Ratings at 'BBB-', Amazon Loses Against Competition Regulator At NCLAT, Keystone Realtors Files For Rs 850 Crore IPO, GTN Textiles Suspends Operations of Aluva Plant in India, India holds ample rice stocks, no plans to curb exports, GR Infra on report of CBI conducting raids at company's offices. TCS Expands in Minnesota by Creating More Hi-Tech Jobs, Amara Raja Batteries to set up green hydrogen fuel station for NTPC, Disney Pays $3B For India TV Rights To Indian Premier League Cricket
·         TCS announced plans to continue growing its footprint in Minnesota by expanding its hiring program in the coming year and accelerating its STEM outreach efforts in local schools to cover 50% more students and teachers. – Positive
·         Zee and TV18 - The Walt Disney Co. has secured the Indian subcontinent television rights to Indian Premier League (IPL) cricket, despite earlier reservations from CEO Bob Chapek regarding the company’s enthusiasm in pursuing this sporting event. Deadline reported that Disney was in competition against Sony Group Corp. and India's Reliance Industries in the bidding competition – Positive for Zee Entertainment and TV18
·         Kotak Mahindra Bank nnounced the launch of Kotak NationBuilders Salary Account - a Corporate Salary Account proposition exclusively designed to cater to the needs of employees of PSUs and Government - who are partners in nation building.- positive
·         Dwarikesh Sugar - ICRA Limited has reaffirmed the long term rating for the Bank facilities amounting to Rs.1099.99 crores at "[ICRA] A+ (Positive)" (pronounced ICRA A plus) with outlook reaffirmed to Positive. – positive
·         Retail inflation rose to 7.04% in May from a year earlier. That compares with a 7.79% increase in April (previous month) – expectation was  7.10%. However, Core inflation eased to 3-month low at 6.22%, aided by the favorable base effect and easing in personal goods and T&C categories.  The Reserve Bank of India last week raised policy rates for a second straight month as prices stayed above its 6% ceiling since the beginning of the year – positive due to fall in core inflation.
·         Reliance Infra to receive Rs 595 cr from Damodar Valley Corp by July end – positive
·         UltraTech Cement - Fitch Ratings has revised the Outlook on India-based UltraTech Cement Limited's (UTCL) Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the Foreign- and Local-Currency IDRs at 'BBB-'. The Outlook on the Local-Currency IDR is Stable.- positive
·         WPIL Limited has received an Order from the Government of West Bengal for execution of a Turnkey Project, comprising of Surveying, Design, Construction, Supply, Laying, Erection & Commissioning of a Clear Water Reservoir worth Rs430.87cr
·         Dynamatic Technologies has won the contract to manufacture the Escape Hatch Door for Airbus A220 aircraft. – positive
·         Dhruv Consultancy Services Ltd receives LOA for Rs. 11.20 crore project – positive
·         Torrent Power completes acquisition of 50 MW Solar Power Plant from SkyPower Group Asia – positive
·         NCL Industries has terminated the Joint Venture Agreement with Moravia Containers a.s., Czech Republic for manufacture of Modular Container Systems. Company had earlier signed an Agreement to set up a Joint Venture Company with Moravia Containers A S of Czech Republic for manufacture of Modular Containers & Systems and other products. – Avoid ओपन / कमेंट

2022-06-13 16:31:59 https://twitter.com/ValueMulticaps/status/1536327747705839616?t=pQvFeF153ra5DVWWoN0Pfw&s=19 ओपन / कमेंट

2022-06-13 13:48:15 #ZEEL; SONY WINS IPL TV AND DIGITAL RIGHTS FOR 2023-27 RS 43,050 CRORE ओपन / कमेंट

2022-06-13 13:36:09 #NESTLEIND Only Positive Stock in Nifty 50 today ओपन / कमेंट

2022-06-13 08:49:16 https://twitter.com/ValueMulticaps/status/1536224023431958528?s=20&t=432jsxhIp0bZgWtWz7nS3w ओपन / कमेंट

2022-06-13 05:55:55 The financial support provided by this initiative will enable aspiring homebuyers to own their dream abodes and have a better life. - positive
·         Welspun Enterprises agreeing to sell some toll road projects in India to Actis for an enterprise value of $775m or Rs 6,000 crore. Actis is a leading global investor in sustainable infrastructure - positive
·         Escorts Limited ("Escorts" or "Company") has received requisite approvals for the name change of the Company from "Escorts Limited" to "Escorts Kubota Limited" with effect from June 9, 2022. - Neutral
·         RattanIndia Enterprises-backed Revolt Motors is opening a new store in Rajkot, third such store in Gujarat and 26th in the country.- positive
·         HFCL: The company has received purchase orders worth Rs 73.39 crore including order of Rs 51.09 crore from a domestic private telecom operator for supply of unlicensed band radio along with accessories and an order worth Rs.22.30 crore, from a domestic EPC company for supply of optical fibre cables – positive
·         Berger Paints Says Loss Due To Howrah Fire Incident Fully Covered By Insurance - Berger Paints provided update to exchanges on the accidental fire accident on June 8 at Howrah facility. Berger Paints says that the expected quantum of loss/damage is between Rs 75 lakh and Rs 1 crore. The company said that the loss is fully covered by insurance. The total sum  insured for the Howrah factory is Rs 218 crore. - positive
·         ICICI Bank has partnered with ZestMoney, a leading digital EMI/ pay-later platform, to expand its 'Cardless EMI' facility for purchases at retail and e-commerce platforms. – Positive
·         Asian Granito India: The company appointed Mehul Shah as new Chief Financial Officer effective June 10.- positive
·         Omaxe announced partnership with Jio-bp to establish a battery-charging ecosystem for EVs. - positive ओपन / कमेंट

2022-06-13 05:55:55 ·         Jewellery exporter Rajesh Exportshas signed an agreement with Telangana to set up a display fab facility involving Rs 24,000 crore of capital outlay as a part of India’s $10-billion Semicon India scheme, marking India’s first display fab facility to come up in Telangana. – positive
·         HDFC and ICICI Bank have raised lending rates by up to 50 basis points (bps) days after the RBI increased the repo rate. HDFC's move follows other lenders such as HDFC Bank, State Bank of India, and Punjab National Bank who recently raised interest rates.- Positive for Banks
·         Alembic Pharma received tentative nod from U.S. FDA for Dasatinib tablets, the ANDA is therapeutically equivalent to Sprycel tablets of Bristol Myers Squibb company. The tablets have a market size of $1,465 million for twelve months ending December 2021, according to IQVIA.- Positive
·         Transformers and Rectifiers has been awarded orders of Transformers for total contract value of Rs186 crore from one of the State Utility. – Positive
·         Globus Spirits  - Company announced an additional price relief scheme, wherein the company will receive additional Rs2.337 and Rs1.437 per litre on Damaged Food Grain based Ethanol and Surplus Food Grain based Ethanol respectively. – positive
·         UPL Limited - Moody's Investors Service has assigned a Baa3 rating to the company’s $300 million senior unsecured notes maturing in 2028. Moody’s has kept the rating outlook at Stable. – Positive
·         West Coast Paper - India Ratings and Research (Ind-Ra) has revised West Coast Paper Mills Outlook to Positive from Stable. The rating agency has affirmed the Long-Term Issuer Rating at ‘IND AA-’. – Positive
·         DLF  is seeking an investment of Rs3,000 crore within the next six years. The company is targeting to add 5 million sq. ft. over the estimated period. The company has in line, the development of malls in Gurugram and Goa, high streets in Gurugram, and retail space in its upcoming residential and commercial developments. The majority of the company’s projects will be launched this year. – positive
·         Fiem Industries has decided to exit from  Aisan Fiem Automotives India Pvt. Ltd.  Aisan Industry Co., Ltd., Japan for purchase at face value or fair market value, whichever is higher. Company had invested Rs. 26 Crore for acquiring 26% shareholding in the JV Company. – Positive after exit non-core business
·         Lemon Tree Hotels signs a new hotel in Visakhapatnam, Andhra Pradesh - positive
·         Aurionpro Solution has announced the increase in its stake in SC Soft Pte Ltd (SC Soft) upto 90% with a commitment to complete acquisition of balance 10% by December 31, 2022. The deal is valued at US$ 4.99 Million (approximately Rs38 crore)- positive
·         IndusInd Bank - Board of Directors has considered and approved the appointment of Pradeep Udhas as an ‘Additional Director in the category of Non-Executive - Independent Director of the Bank.- positive
·         Sugar refiners, most of whom also produce ethanol used for blending with gasoline likely to be positive after state-run fuel retailers agreed to cover higher input costs for currently contracted supplies. The oil marketers have agreed to pay certain additional amount above the contracted price to compensate for increased energy and power costs, according to a spokesman for BPCL – Positive for Renuka Sugar, Balrampur Chini, EID Parry
·         Fitch Ratings has revised the outlook on India's sovereign rating to Stable from Negative as downside risks to medium-term growth have diminished on rapid economic recovery. Fitch Ratings kept the rating unchanged at 'BBB-'. Fitch cuts India's economic growth forecast to 7.8 pc for current fiscal from 8.5 pc earlier
·         Lodha, India’s no.1 real estate developer, announces to enable homes at a great interest rate of 6.99 per cent till 2024, providing a benefit of ~1.5 per cent on the existing home loan rates. ओपन / कमेंट

2022-06-13 05:55:55 ·         Events –  India – Inflation (CPI) CERA – AGM, dividend Rs20 and special dividend Rs15. GDP, Industrial Production, Manufacturing Production (UK
·         Market Summary – LIC shares may face pressure as anchor lock-in ends today, Maruti Suzuki Dispatches Record Units Through Railways In FY22, Govt. loses Challenge To $111 Million Arbitration Award In Dispute With Reliance, Shell  DLF plans to invest Rs3k cr over six years,  Fitch revises India rating outlook to Stable from Negative, Welspun Enterprises Gains After Sale of Road Assets to Actis, Sugar Compensation Plan for Ethanol, HDFC, HDFC Bank, ICICI Bank, SBI hikes lending rate. Lodha enables high quality homes for every Indian, locks interest rate at 6.99 per cent.
·         LIC - Shares of Life Insurance Corporation (LIC) will likely remain under pressure this week as the 30-day lock-in for anchor investors ends on Monday. The stock has already declined a quarter so far from its IPO price.- Negative but long term investors buying opportunity.
·         Reliance Industries - The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. – positive
·         RBL Bank - RBI approves appointment of Mr. R Subramaniakumar as MD and CEO of RBL Bank Ltd – positive
·         Govt. to sell 29% stake in Hindustan Zinc through OFS - Cabinet clears sale of govt's 29.58% stake in Hindustan Zinc valued at Rs 38,000 crore. Vedanta, led by mining magnate Anil Agarwal, recently said the company can buy just 5 per cent additional stake in the HZL considering the price of the shares on offer.- Positive
·         Coal India: The company floated two international competitive bidding e-tenders of 3 million tons each, to source coal from abroad. The bids are for 5,000 GAR (gross as received) quality of thermal grade coal. These two medium term tenders for a total of 6 million tons coal quantity have an option of increasing the bid quantity by 100% to 12 MTs. – positive
·         Vedanta: The company iron and steel sector has ventured into International Iron ore mining operations in Liberia, West Africa through its subsidiary Western Cluster. – Positive
·         IndInfravit: Brookfield Asset Management Inc. agreed to sell its entire equity shareholding in five road projects to IndInfravit Trust at an enterprise value of $1.2 billion (Rs 9,371.4 crore).- positive
·         GlaxoSmithKline Pharmaceuticals: Recommended dividend of Rs 90 per share including special dividend of Rs. 60, on face value of Rs 10 each.- positive
·         Jammu & Kashmir Bank: Appointed Pratik D Punjabi as the Chief Financial Officer.- positive
·         Industrial production (IIP) rose more than economists expected in April at 7.1% (YoY) while expectation 5% (YoY) against previous month was 1.9% - positive
·         Bajaj Auto: Rolls out first electric scooter from plant in Pune; Chetak Tech, vendor partners to invest Rs 750 crore in EV plant – positive
·         IDBI Bank: Expression of interest for IDBI sale may come by July.- Avoid
·         Laurus Labs: To spend up to 10% profit on disruptive technologies.- positive
·         SBI - Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country’s biggest lender, a sign that a recovery in Asia’s third-largest economy is gathering pace. Companies are steadily drawing down from a $71 billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, told Bloomberg News – Positive
·         Maruti Suzuki has shipped 2.33 lakh units through Railways last fiscal, its highest ever dispatch in a financial year so far, since commencing the initiative eight years ago. The company's dispatch in 2021-22 was 23% up from 1.89 lakh units it transported using Railways in the 2020-21 financial year – Positive ओपन / कमेंट

2022-06-10 06:49:48 ·         ISMA Revises India's Sugar output forecast to record 36mt due to higher-than-expected cane supplies from Maharashtra, Tamil Nadu and Karnataka. Production between October 1 and June 6 aggregated to 35.24 million tonnes compared to 30.74mt YoY. Indian Sugar Mills Association asked government to allow exports of another 1mt, in addition to the current limit of 10mt – Expects positive for Praj Industries, Balrampur Chini, EID Parry if the Govt. allow additional sugar exports.
·         Tech Mahindra: The company has entered into share subscription agreement to acquire 26% equity stake in Huoban Energy 6 for Rs 1.6 crore. – It is a small acquisition - neutral
·         Vedanta: The encumbrances created by the company on its 64.92% stake in Hindustan Zinc in the form of a pledge has been released.- Government likely to sell Hindustan Zinc stake (holding 29.54% stake) – expects positive for Hindustan Zinc 
·         Indian Oil: The company has signed a long-term agreement with US-based Air Products & Chemicals Inc. The American company will build, own, and operate a new industrial gases complex supplying hydrogen, nitrogen and steam to Indian Oil's Barauni refinery in Bihar.- positive
·         India Cumulative Monsoon Rainfall 42% Below Normal as of June 8 - India has so far received 15.8 millimeters of rains during the current monsoon season, which runs from June through September, compared with a normal of 27.2 millimeters. – Lower than expected rain fall may negative impact in the market
·         Interglobe Aviation (IndiGo) - American Airlines and Interglobe Aviation launch codeshare agreement that allows American Airlines to sell seats on Indigo's flights operating on Delhi-Bengaluru and Delhi-Mumbai routes. This comes nine months after the two companies announced that they have entered codeshare agreement. – positive
·         Marine Electrical gets Rs21.75cr order for power equipment – Positive
·         Shriram Transport Finance raises $250mn  Long term fund from US based DFC(U.S. government's development finance institution). – Positive ओपन / कमेंट

2022-06-10 06:49:48 ·         Infosys and TK Elevator announce Strategic Collaboration – Infosys announced a global strategic collaboration with TK Elevator, one of the world's leading elevator companies based out of Düsseldorf, Germany. The global seven-year collaboration is an extension of the successful modernization of TK Elevator's IT infrastructure in Europe and Africa. – positive
·         Blue Star announced the inauguration of its new Customer Experience Centre for Non-Destructive Testing (NDT) systems, 'NDT CX Centre,' at Thane, Maharashtra.- positive
·         MRC Agrotech has entered into a JV with Devica Herbal Products Private Limited for the purpose of conducting business of organic herbal products. MRC Agrotech shall hold 49% of Equity shares of Devica Herbal Products Private Limited and Devica Herbal Products shall hold shares worth equal to amount of 49% of its own shares.- Positive
·         Fino Payments Bank partners exclusively with Go Digit for shop insurance policy - Fino Payments Bank announced that it has partnered with Go Digit General Insurance Limited, one of India's fastest growing general insurers, to offer shop insurance policy to small and medium business owners. Fino is associated with Go Digit as a corporate agent. – positive
·         Tanla announced an exclusive partnership in five countries - India, United Arab Emirates, Indonesia, Vietnam, and Philippines. This partnership is a momentous step forward in offering enterprises and brands the ability to upraise the digital experiences of their key stakeholders – Positive
·         Dividend – Aurobindo Pharma Rs4.50, Munjal Showa Rs4.50, Cravatex Ltd Rs3, Veljan Denison Rs13, NRB Bearing Rs2, Bannari Aman Rs10, Savita Oil Rs25.
·         Suraj Industries has considered and approved the investment upto 20.08% in the expanded Share Capital of Shri Gang Industries and Allied Products Limited by way of subscription upto 36 lalk Equity shares of Shri Gang Industries and Allied Products Limited at par @ Rs 10 per share.-positive
·         Welspun Corp Ltd (WCL) has teamed up with Tata Steel to create the "foundation for and subsequent fabrication" of pipes for the transportation of pure hydrogen and hydrogen combined with natural gas.- Long term positive
·         DP Wires - CRISIL Ratings has upgraded its ratings on the bank loan facilities of DP Wires to ‘CRISIL A-/Stable’ from 'CRISIL BBB+/Stable’. Short-term ratings of the company have been upgraded to ‘CRISIL A2+’ from ‘CRISIL A2’.- positive
·         Add-shop had launched 2 New products in last week in agriculture category and expanded its products range with this new launching.- positive
·         Rail Vikas signed an agreement for execution of infrastructure projects in the Kyrgyz Republic. The accord was signed with Kyrgyzindustry for executing infrastructure projects particularly of Railway Line Network on mutually agreed terms. – positive
·         Omaxe partners Reliance Jio-BP to set up EV charging station – positive
·         ICRA Improves Rating on Bank of India's Fixed Deposit – Rating Agency ICRA raised its rating on Bank of India's fixed deposit program to AA+ from MAAA.The rating outlook is stable.
·         India Firms Have Buffers to Endure 15% Rupee Fall, Moody’s Says - Most rated Indian companies have buffers to withstand a further 10%-15% depreciation of the rupee, as external factors including capital outflows and rising commodity prices heighten credit risks associated with currency volatility, Moody’s said. – Expects USDINR will stable after a record high at nearly 78
·         Coal India Ltd. has floated its maiden tender to import 2.416 million tonnes of coal to ensure adequate supply to power plants in the country. The move comes at a time when the government is taking steps to build a buffer stock to avoid power outages due to coal shortage at power plants. - positive ओपन / कमेंट