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Thursday, July 13, 2023

BEPL Q1 result

BEPL Q1 result

YoY Rev at 294Cr Vs 337Cr ⬇️12%

QoQ Rev at 294Cr Vs. 327Cr⬇️10%

Year ended Rev: 1362Cr

YoY PAT at 50Cr vs 47Cr ⬆️6.3%
QoQ PAT at 50Cr Vs 14Cr ⬆️257%

Year ended PAT: 136Cr

ANGEL ONE Q1 Result

ANGEL ONE Q1 Result 

NET PROFIT 2.21B RUPEES VS 1.82B (YOY)

REVENUE 8.07B RUPEES VS 6.7B (YOY)

ANGEL ONE: CO DECLARED FIRST INTERIM DIVIDEND OF 9.25 RUPEES PER SHARE

Who’s Meeting Whom

Who’s Meeting Whom 

Central Bank Of India: To meet investors and analysts on July 17. 

Centum Electronics: To meet investors and analysts on July 14. 

Zensar Technologies: To meet investors and analysts on July 20. 

MAS Financial Services: To meet investors and analysts on July 13. 

Tanla Platforms: To meet investors and analysts on July 21. 

Kings Infra Ventures: To meet investors and analysts on July 17.

Tata Communications: To meet investors and analysts on July 20. 

HDFC Bank: To meet investors and analysts on July 17. 

Aurum PropTech: To meet investors and analysts on July 19. 

Zim Laboratories: To meet investors and analysts on July 13.

Economic Times

*Economic Times*

📝 TCS' Q1 profit rises 17% to Rs 11,074 cr, investors to get Rs 9/share dividend

📝 India, France to deepen strategic ties

📝 India proposes ease of business norms at G20

📝 HCL Tech Q1 Results: PAT rises 8% YoY to Rs 3,534 crore; dividend declared at Rs 10/share

📝 Nvidia in talks to become anchor investor in Arm IPO

📝 Utkarsh SFB IPO subscribed 4.73 times on Day 1; retail portion fully booked

📝 SBI to sell up to Rs 10,000 crore of AT-1 bonds this week

📝 Agri ministry asks banks to promote Rs 1 lakh cr Agriculture Infrastructure Fund

📝 India’s retail inflation rises to 4.81% in June on higher food prices

📝 India's industrial production output up 5.2% in May from 4.5% in April

📝 US inflation hits two-year low; declines sharply to 3% in June

📝 Global public debt hits record $92 trillion- UN report

📝 Fold Health raises $6 million in funding led by Iron Pillar

📝 Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures

*Business Standard*

📝 India's outward FDI shrinks by half YoY in June 2023, shows RBI data

📝 IAMAI urges GST Council to tax gaming platform fee, not full face value

📝 Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter

📝 Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn

📝 Housing ministry to organise national conclave on urban planning

📝 Patanjali Foods' promoters plan to offload up to 9% stake through OFS

📝 Centre imposes import restrictions on certain gold jewellery, articles

📝 Oil prices rise as mild US inflation data calms fear of Fed rate hike

📝 Confused over UV definition, car companies await govt notification on cess

📝 Sebi to tweak 'fit & proper' regime for bourses, clearing corporations

*Financial Express*

📝 Bank of India targets $4-billion international business by 2026

📝 Reliance Capital administrator files Hinduja’s resolution plan with NCLT Mumbai for approval

📝 Vedanta to continue ‘sizeable investments’ in India; made $35 bn investment till date: Chairman Anil Agarwal

📝 CapFort Ventures launches a Rs 200 crore fund to invest in tech startups

📝 Razorpay launches its payment gateway for businesses in Malaysia

📝 Reliance Retail among prospective buyers for Future Enterprises

📝 India, ADB sign $130 million loan to promote horticulture in Himachal Pradesh

📝 FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year

📝 Govt directs NAFED, NCCF to procure tomatoes from AP, Karnataka, Maha for distribution in key consumption centres

📝 Cabinet nod to lithium mining by private companies

*Mint*

📝 Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw

📝 India in talks with Netherlands for pharma supplies

📝 Wipro to invest $1 bn in AI over three years

📝 Elon Musk announces new company xAI, set to build ChatGPT alternative

📝 Hindalco Industries board approves proposal to sell land for ₹595 crore

📝 Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14

📝 PFC files draft shelf prospectus to raise ₹10,000 crore via NCDs

📝 IMD issues red alert for northeast India, Sikkim, Bihar.

FII BUY

FII BUY NET RUPEES 2237.93 CR OF INDIA SHARES TODAY 👍

DII SELL NET RUPEES 1196.68 CR 👎

Wednesday, July 12, 2023

MF Industry AUM

*MF Industry AUM Data as on June 23*

(1) Total Industry AUM : *45 Lakh Cr*
(2) Equity AUM: *22.74 Lakh Cr*
(3) Sip Accounts : *27.79 lakh Cr*
(4) SIP AUM : *7.94 Lakh Cr*

Hcl tech Q1 result

Hcl tech Q1 result

Net profit up 3531Crs Vs 3281Crs (YOY)

Revenue up 26296Crs Vs 23464Crs (YOY)

EBITDA up 5365Crs Vs 4975Crs (YOY)

CO DECLARED SRCOND INTERIM DIVIDEND OF 10 PER SHARE

PATANJALI OFS

PATANJALI OFS Announced

Non-retail date - 13 JULY
Retail bid date - 14 JULY

Floor Price : 1,000
Today's close : 1,226 (18.40% Discount in OFS)

Base Size : 2,53,39,640 Shares
Greenshoe Option : 72,39,897 Shares

Retail Quota - 10% of OFS Size (No Discount)

Quarterly Results Calender

*Quarterly Results Calender*

12th Jul - HCLTECH, TCS
13th Jul - FEDERALBNK, WIPRO
14th Jul - BANDHANBNK
17th Jul - LTIM
18th Jul - ICICIGI, ICICIPRULI, LTTS, POLYCAB
19th Jul - CANFINHOME, L&TFH
20th Jul - COFORGE, HINDUNILVR, INFY, MPHASIS, PERSISTENT
21st Jul - ATUL, HDFCLIFE, JSWSTEEL, ULTRACEMCO
22nd Jul - AUBANK, ICICIBANK, KOTAKBANK
24th Jul - HDFCAMC
25th Jul - ASIANPAINT, BAJAJAUTO, JUBLFOOD, SBILIFE, TATAMOTORS
26th Jul - BAJFINANCE, CIPLA, DRREDDY, SHREECEM, TATACONSUM, TECHM
27th Jul - BAJAJFINSV, INDUSTOWER, NESTLEIND
28th Jul - EXIDEIND, M&MFIN, MARICO
31st Jul - BOSCHLTD
1st Aug - CHOLAFIN
3rd Aug - DABUR
4th Aug - RAIN
8th Aug - HINDALCO
9th Aug - MFSL
11th Aug - ABB
12th Aug - AMARAJABAT

Saturday, July 8, 2023

Assets of Indian Households

*Assets of Indian Households*

🏡 Real Estate & Properties - 50.7%
🪙 Gold - 15.5%
🏦 Bank Deposits - 14%
📈 Equities - 4.7%
💸 Cash - 3.4%

Friday, July 7, 2023

Sobha Q1 Update

*Sobha Q1 Update (Year-On-Year)*

The company achieved its highest ever quarterly sale value of Rs 1,465 crore, logging a growth rate of 27.9%. 

It clocked its highest ever price realisation of Rs 10,506 per square foot on a total saleable area of 13.94 lakh square feet. 

Clocked total sales volume is 13.0 lakh square feet, with a growth rate of 2.6%. 

Released inventory of 779,876 square feet in ongoing projects, mainly in Kerala.

STOCKS IN ACTION

STOCKS IN ACTION 7 JULY 

Reliance Industries: The National Company Law Tribunal has approved the demerger of Reliance Industries's financial services undertaking into Reliance Strategic Investments, to be renamed Jio Financial Services. Reliance Industries and Reliance Strategic Investments will take the necessary steps, including fixing the record date for allotment and listing of equity shares of Reliance Strategic Inve

Dabur Q1 Update: Dabur’s consolidated business is expected to register growth of over 10%. The healthcare business in India is expected to achieve double-digit growth backed by mid-single-digit volume growth. The home care category is expected to report value growth in the high teens. The oral and hair care categories’ growth is pegged at low double digits. The food and beverage business had

Titan Company Q1 Update (Year-On-Year) Standalone revenue grew by 20%, led by robust demand. Jewellery sales rose 21%, with 18 new stores added in Q1. Watches and Wearables grew 13%, driven by premium brands. The eyecare division saw sales growth of 10%, with seven new stores added. CaratLane grew 32%, driven by healthy contributions from Akshaya Tritiya sales. Titan's total store count stoo

Tata Steel Q1 Update (Year-On-Year): Tata Steel India's crude steel production grew 2% to 5.01 million tonnes. Delivery volumes increased 18% to 4.8 million tonnes. Exports moderated on a year-on-year basis to 0.25 million tonnes.

Sobha Q1 Update (Year-On-Year) The company achieved its highest ever quarterly sale value of Rs 1,465 crore, logging a growth rate of 27.9%. It clocked its highest ever price realisation of Rs 10,506 per square foot on a total saleable area of 13.94 lakh square feet. Clocked total sales volume is 13.0 lakh square feet, with a growth rate of 2.6%. Released inventory of 779,876 square feet in ou

Indian Hotels: The company signed 11 hotels in the first quarter and opened five new hotels across destinations

JK Cement: The company has acquired an additional 20% stake for Rs 60.24 crore in Acro Paints, taking its overall holding to 80%.

Indian Oil and Praj Industries: The companies have signed a term sheet to strengthen biofuel production capacities in India. The joint venture will include the production of sustainable aviation fuel, ethanol, compressed biogas, biodiesel, and Bio-bitumen. In October 2021, the companies inked an agreement to form a JV for this.

Affle (India): The company’s unit in Singapore agreed to acquire the remaining 5% shares of Appnext at a consideration of $1.5 million in tranches within three years.

Aster DM Healthcare: The company has acquired an additional 2.36% stake in unit Malabar Institute of Medical Sciences from several minority shareholders, thus increasing its holding from 76.01% to 78.37%.

CEAT’s Market Capitalisation crosses Rs 10,000 cr for the first time

Nippon India Mutual Fund limits subscription of units in small cap fund

IOC & Praj Industries to form joint venture (JV) for building Biofuels production capacities in India

Aster DM Healthcare: Acquired Additional 2.36% Stake In Malabar Institute Of Medical Sciences || Cost Of Acquisition At 235.9m Rupees

Shyam Metalics And Energy: Says Sponge Iron June Average Realisation Per Tonne Down 10.2% || Says Long Steel June Average Realisation Per Tonne Down 6.5% (YoY)

Gallantt Ispat: Has Invested Around 3b Rupees In Pellet Plant

Universal Cable: to Invest Rs. 40 Crores in Expanding EHV Power Cable Manufacturing Capacity by 50%

Zee Entertainment: NCLT Adjourns Zee-Sony Merger Matter Till July 10

Tata Motors: Says Tata Tiago Surpasses 5 Lakh Unit Sales Milestone In India

Kotyark Industries: and Yamuna Bio Energy Secure Major Biodiesel Contracts Worth Rupees 178 Crores from Top Fuel Companies

STOCKS IN ACTION

STOCKS IN ACTION 7 JULY 

Reliance Industries: The National Company Law Tribunal has approved the demerger of Reliance Industries's financial services undertaking into Reliance Strategic Investments, to be renamed Jio Financial Services. Reliance Industries and Reliance Strategic Investments will take the necessary steps, including fixing the record date for allotment and listing of equity shares of Reliance Strategic Inve

Dabur Q1 Update: Dabur’s consolidated business is expected to register growth of over 10%. The healthcare business in India is expected to achieve double-digit growth backed by mid-single-digit volume growth. The home care category is expected to report value growth in the high teens. The oral and hair care categories’ growth is pegged at low double digits. The food and beverage business had

Titan Company Q1 Update (Year-On-Year) Standalone revenue grew by 20%, led by robust demand. Jewellery sales rose 21%, with 18 new stores added in Q1. Watches and Wearables grew 13%, driven by premium brands. The eyecare division saw sales growth of 10%, with seven new stores added. CaratLane grew 32%, driven by healthy contributions from Akshaya Tritiya sales. Titan's total store count stoo

Tata Steel Q1 Update (Year-On-Year): Tata Steel India's crude steel production grew 2% to 5.01 million tonnes. Delivery volumes increased 18% to 4.8 million tonnes. Exports moderated on a year-on-year basis to 0.25 million tonnes.

Sobha Q1 Update (Year-On-Year) The company achieved its highest ever quarterly sale value of Rs 1,465 crore, logging a growth rate of 27.9%. It clocked its highest ever price realisation of Rs 10,506 per square foot on a total saleable area of 13.94 lakh square feet. Clocked total sales volume is 13.0 lakh square feet, with a growth rate of 2.6%. Released inventory of 779,876 square feet in ou

Indian Hotels: The company signed 11 hotels in the first quarter and opened five new hotels across destinations

JK Cement: The company has acquired an additional 20% stake for Rs 60.24 crore in Acro Paints, taking its overall holding to 80%.

Indian Oil and Praj Industries: The companies have signed a term sheet to strengthen biofuel production capacities in India. The joint venture will include the production of sustainable aviation fuel, ethanol, compressed biogas, biodiesel, and Bio-bitumen. In October 2021, the companies inked an agreement to form a JV for this.

Affle (India): The company’s unit in Singapore agreed to acquire the remaining 5% shares of Appnext at a consideration of $1.5 million in tranches within three years.

Aster DM Healthcare: The company has acquired an additional 2.36% stake in unit Malabar Institute of Medical Sciences from several minority shareholders, thus increasing its holding from 76.01% to 78.37%.

CEAT’s Market Capitalisation crosses Rs 10,000 cr for the first time

Nippon India Mutual Fund limits subscription of units in small cap fund

IOC & Praj Industries to form joint venture (JV) for building Biofuels production capacities in India

Aster DM Healthcare: Acquired Additional 2.36% Stake In Malabar Institute Of Medical Sciences || Cost Of Acquisition At 235.9m Rupees

Shyam Metalics And Energy: Says Sponge Iron June Average Realisation Per Tonne Down 10.2% || Says Long Steel June Average Realisation Per Tonne Down 6.5% (YoY)

Gallantt Ispat: Has Invested Around 3b Rupees In Pellet Plant

Universal Cable: to Invest Rs. 40 Crores in Expanding EHV Power Cable Manufacturing Capacity by 50%

Zee Entertainment: NCLT Adjourns Zee-Sony Merger Matter Till July 10

Tata Motors: Says Tata Tiago Surpasses 5 Lakh Unit Sales Milestone In India

Kotyark Industries: and Yamuna Bio Energy Secure Major Biodiesel Contracts Worth Rupees 178 Crores from Top Fuel Companies

Thursday, July 6, 2023

Derivatives update

*Derivatives update*

Good morning !!
Derivatives update for Thursday, 6th July 2023.

India VIX was up by 1.56% from 11.70 to 11.88 levels. Volatility was on the rise and made the index consolidate in a range with slight profit booking.

Nifty *Put/Call Ratio* (OI) decreased from 1.47 to 1.37 level. 

On weekly front, Maximum Call OI is at 19500 then 19400 strike while Maximum Put OI is at 19300 then 19000 strike. Call writing is seen at 19500 then 19550 strike while Put writing is seen at 19350 then 19400 strike.

*Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones.*

For weekly Bank Nifty, Maximum Put OI is at 45000 then 44500 strike and maximum Call OI is placed at 46500 then 45500 strike. We have seen Call writing at 47000 with unwinding at 45300 and Put writing is witnessed at 45000 strike.

Bank Nifty Put Call Ratio decreased from 1.38 to 1.08. Implied volatility fell from 14.2 to 14 levels.

Bank Nifty (CMP 45,151.80)
Data setup for Bank Nifty suggests a trading range in between *44750/45000 to 45500/45650 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call selling and put unwinding in index options and long built up in stock futures.

In the cash market, FIIs were net buyers to the tune of 1603 crores while DII’s were net sellers worth 439 crores. FIIs Index Long Short Ratio increased to 72.39%.

Derivatives data and price set up suggests, Nifty has to continue to hold above 19300 zones to extend the move towards 19450 and 19500 zones while on the downside support is intact at 19250 and 19100 zones.

Bank Nifty has to continue to hold above 45000 zones for an up move towards 45500 then its recent life high of 45650 zones while on the downside support shift higher at 45000 then 44750 levels.

Thank you. Have a great trading day and weekly expiry ahead..!!

News and Impact

News and Impact 
 
·      Hawkish signal by US Fed minutes of meeting and weak PMI data announced by China, may open domestic market on a flat to negative note. Overnight , US and Europe markets declined between 0.5% to 1% after US Fed meeting minutes signaled more rate hikes are coming and disappointing economic data reignited concerns about a slowdown in growth worldwide. Asian markets traded lower by 1% and Dow Future fell by 0.2% following overnight losses in the US stocks after hawkish signals from the Federal Reserve’s latest meeting minutes. As a result, US dollar Index surged to 1-week high to above 103. Both US 2-Year and 10-Year Yield spiked to 2-week high on expectation of aggressive rate hike by US Fed to control inflation. Gift Nifty declined by 0.2% or 32 points. Yesterday, Nifty ended flat but action shifted to Nifty mid-cap and small cap counters. broader market remained strong Yesterday and Nifty 500 stocks advance decline ratio was favorable at 1.5:1. Traders buy on decline strategy in the market and technical correction may not be ruled out ahead of weekly Nifty and Bank Nifty F&O expiry today. Strong quarterly earning update by corporates and back of FIIs buying may support domestic bourses. Any decline will be good opportunity to buy on Indian equity. Expects momentum continue on Auto stocks after yesterday close on a record high. Focus on sugar stock today on account of rising global suagr price due to adverse weather conditions in Brazil and Thailand. 
 
·      US Market -   U.S. stocks ended lower on Wednesday after the minutes of the Federal Reserve's June meeting showed almost all policymakers expected additional rate hikes later this year. Both Dow Jones and Nasdaq Composite slipped 0.4% and 0.2% respectively after the minutes showed that policymakers decided against a rate increase amid concerns over economic growth.
 
·      Global market summary –China June Service PMI and Composite fell to 3-month low. Brent Crude surged to 2-week high of $77/bbl, US Vix gained 3%, US Dollar Index surged to above 103 to close at 1-week high. Both US 10-Year and 2-year bond Yield spiked to 2-week high
 
·      Asian Market –Asian shares followed Wall Street lower on Thursday after hawkish signals from the Federal Reserve’s latest meeting minutes damped investor sentiment. Japan, South Korea, Australia, Hong Kong Index declined 0.5% to 1%.
 
·      European Market –  European equities dropped as weak economic data from China weighed on sentiment while investors awaited minutes from the latest Federal Reserve policy meeting. UK, Germany and France Index declined 1% each.
 
·      Oil –  Brent Crude gained 2% to 2-week high at $77/bbl as traders assessed the impact of the latest round of supply cuts from OPEC+ and a US industry report that pointed to another drawdown in nationwide commercial inventories.
 
·      Gold – Gold held declined 0.5% to $1917/ounce as traders weighed hawkish signals from the Federal Reserve’s latest meeting minutes, expectation of fall in global demand.
 
·      Previous Day market Update –Equity benchmark ended flat with buying interest seen  in the auto, pharma, FMCG and oil marketing comings. Sentiment remain caution after data from China announced June PMI data 3-month low while investors awaited minutes of the latest Federal Reserve meeting, to be announce today. However, domestic market remain strong due to strong quarterly results update and continued FIIs buying interest despite a weakness in the global markets. There was stock specific action in the market and broader market was remain strong. Nifty 500 stocks advance decline ratio was 1.5:1. Sensex declined 33 points or 0.1% to settle at 65,446, while the Nifty rose 9 points or 0.1% to end at 19,398. With investors booking profit at near-record high levels amid concerns of a trade conflict between the US and China and lower the expected announced by China PMI data. FMCG and automobile stocks helped limit the weakness in the market as widening coverage of monsoons rains, which accounts for two-thirds of the country’s rains, improved outlook for the agriculture economy. The Nifty FMCG and Nifty Auto index climbed 1.8% and 1.6%, respectively. FIIs were Rs1603cr while DIIs were net sellers Rs439cr previous day. 
 
·      Nifty Technical Levels – Nifty formed an Inside Bar on daily frame and has been making higher lows from the last six sessions. Now it has to continue to hold above 19300 zones to extend the move towards 19450 and 19500 zones while on the downside support is intact at 19250 and 19100 zones.
 
·      Bank Nifty Technical Levels – Bank Nifty formed an Inside Bar and a Doji on daily scale but higher lows formation is intact from the last six sessions. Some profit booking was seen in selective private banks but it managed to hold its support of 45000 zones. Now it has to continue to hold above 45000 zones for an up move towards 45500 then its recent life high of 45650 zones while on the downside support shift higher at 45000 then 44750 levels.
 
·      Actionable BUY –RCF, DLF, PNB, Balrampur Chini, BSE ltd, Bajaj Auto
 
·      Brokers Radar –Morgan Stanley TGT on Marico at 611, Macquarie TGT on Marico at 620, HSBC TGT on Zomato at 93. Nomura TGT on Maricao at 560. Bajaj Auto TGT by Jefferies at 5500, Macquarie TGT on Bajaj Auto at 4542. Nomura TGT on Bajaj Auto at 5223, JP Morgan TGT  on BPCL at 400. Jp Morgan TGT on HPCL at 330, JP Morgan TGT on IOC at 110 from 100
 
·      Events – BSE Board meeting for share buy-back, Finance Minister to Meet PSU Bank Chief today, Weekly Nifty and Bank Nifty expiry, Senco Gold IPO subscribed by 2.7 times and today final day
·      Corporate Action  - Kalpataru Projects dividend Rs7 and Aptech Bonus 2:5.
 
·      Global Data –Mortgage Application, Jobless Claims, Service PMI, Composite PMI (US). CPI (UK). Factory Order and Construction PMI (Germany)
 
·      Market Summary – Maruti Suzuki India Launches New Utility Vehicle, Indian Energy Exchange Books 8% Increase in June Electricity, Services sector PMI growth eases to three-month low in June, SAIL Posts 8% Rise in Fiscal Q1 Crude Steel and its highest-ever sales performance in fiscal, Godrej Consumer Expects Double-Digit Sales Growth in 1Q, Bajaj-Made English Triumph 400 motorcycle Launched In India, JSW Steel to replace HDFC on Sensex from July 13, Marico Sees Double-Digit 1Q Profit Growth Despite Lower Revenue, Bombay Dyeing may sell Worli land parcel at Rs 5,000 cr valuation, PEL Block deal.
 
·      Reliance – Reliance Jio Infocomm is set to sign an about $1.7 billion contract with Nokia to purchase 5G network equipment as early as Thursday, Economic Times report - Positive
 
·      JSW Steel – JSW will replace HDFC on the Sensex from July 13. HDFC Ltd. is merging with HDFC Bank on the same day. JBM Auto will replace HDFC in the BSE 500 index, while Zomato Ltd. will replace it in the BSE 100. – Expects positive for JSW Steel and JBM Auto.
 
·      Tata Power: The company received a Rs 1,744 crore order to install and maintain 18.60 lakh metres in the Raipur area from Chhattisgarh State Power Distribution Company Ltd. – positive
 
·      Wadia group firm Bombay Dyeing is in talks to sell a part of its land parcel in central Mumbai’s Worli at a valuation of Rs. 5,000 crore.  A Japanese conglomerate is leading the race to acquire the land, which has a development potential of 2 million square feet for commercial purposes – Positive
 
·      DCB Bank: The Reserve Bank of India has approved Tata Asset Management to acquire an aggregate holding of up to 7.5% of the paid-up equity capital of the bank through the schemes of Tata Mutual Fund. – positive
 
·      Ujjivan Small Finance Bank: Total deposits grew 44% year-on-year and 4% sequentially to Rs 26,655 crore in April-June. CASA rose 27% year-on-year to Rs 6,550 crore, and the CASA ratio stood at 24.6%. Advances are up 31% year-on-year and 5% quarter-on-quarter to Rs 25,346 crore in the first quarter. Disbursement momentum continues to show strength, with 22% year-on-year growth to Rs 5,280 crore.  – positive
 
·      Prestige Estate Projects: The company and its unit, Prestige Exora Business Parks, have entered into a joint venture agreement with W.S. Industries (India) to develop IT or IT-enabled services or parks on a 6.53-acre property in Chennai. W.S. Industries proposed to implement the project through its unit, WS Insulators - positive
 
·      Bajaj Electricals: CRISIL Ratings has upgraded the long-term rating of the company’s bank loan facilities of Rs 2,100 crore to CRISIL AA-/stable from CRISIL A+. – positive
 
·      Asian Paints: The company’s unit, Asian White Cement Holding, has been incorporated in the name of Asian White Inc. FZE in Fujairah Free Zone, UAE, on June 26, 2023, for the purpose of carrying out the business of manufacturing, trading, and exporting white cement.
 
·      Solara Active Pharma: The company has agreed to raise funds through the issue of equity shares of a face value of Rs 10 not exceeding Rs 450 crore by way of rights issue to eligible equity shareholders of the company. - positive
 
·      Tata Motors: ICRA has upgraded its long-term credit rating to ICRA AA/Stable from ICRA AA-/Positive.- positive
 
·      Services sector PMI growth eases to three-month low in June: Services sector growth eased to a three-month low in June but service providers continued to signal positive demand trends, which resulted in a stronger increase in new business volumes and further job creation. S&P Global India Services PMI  Business Activity Index fell from 61.2 in May to 58.5 in June.
 
·      ITC on Report of Hotel Business Spinoff -  CNBC-TV18 reports that ITC process to spin off its hotel business is underway, and that alternative structures for the unit are also being explored.  A separate listing is one of the options being considered, the report says – Positive
 
·      Maruti – Company introduced the Invicto MPV as their latest flagship model. With an introductory ex-showroom price ranging from ₹24.79 lakh to ₹28.42 lakh, the Invicto becomes the most costly vehicle in Maruti's lineup. Essentially, the Invicto is a rebranded version of the Toyota Innova Hycross. – Positive
 
·      Venus Remedies -  Company said it has received marketing approval from Oman, Malaysia, Bosnia and Trinidad and Tobago for key chemotherapy drugs. – positive
 
·      L&T – Company secured an EPC order in Mumbai for an Office Space Development using Composite Steel Construction Technology order between Rs1000cr – Rs2500cr – positive
 
·      Indian Energy – Company achieved 8946 MU overall volume in June 2023, including green market trade of 272 MU, 5.33 lac RECs and 2.44 lac ESCerts (equivalent to 244 MU). The overall volume during the month was higher 8% on YoY basis. IEX achieved 25,125 MU volume across all segments during Q1 FY '24, growing 8% over Q1 FY'23. – positive
 
·      Persistent Systems – Company  inaugurated a state-of-the-art 5G Lab to provide a testing and development environment for network functions and product development activities for operators and network equipment vendors, as well as for Communications, Media, and IoT independent software vendors (ISVs). – positive
 
·      Bajaj Auto - English motorcycle manufacturer Triumph, in collaboration with Bajaj Auto, has officially launched the highly anticipated Speed 400 and Scrambler 400X motorcycles in India. Triumph Speed 400 price has been set of Rs2.33 lakh lakh(ex-showroom) and the prices for Scrambler 400X will be announced in October. - positive
 
·      KPI Green Energy – Company received Commissioning Certificates from Gujarat Energy Development Agency ('GEDA') for 9.40MW wind-solar hybrid power project and received order 7.70MW solar power project – positive
 
·      Neogen Chemicals – Company having entered the electrolyte market, is eyeing Rs 1000–1200 crore in revenue from the battery chemical segment, according to its Managing Director Harin Kanani. The company has been the biggest user of lithium carbonate in India and is a manufacturer of specialty lithium-based derivatives.- Media Report – Expects positive
 
·      G R Infraprojects In Concession Pact With NHAI For Construction Of Six-Lane Highway The bid project cost for the construction of Varanasi-Ranchi-Kolkata highway stands at Rs 1,248.37 crore. Project allocated on hybrid annuity model has a completion period of nearly two years. – positive
 
·      SAIL Posts 8% Rise in Fiscal Q1 Crude Steel and its highest-ever sales performance in fiscal – Company posted a 8% YoY growth in its crude steel production at 4.7mt in the fiscal first quarter ended June 30.  The company attained its highest-ever sales performance in fiscal by achieving a sales volume of 3.9 million tons, a 24% rise over the corresponding quarter a year ago. – positive
 
·      Sonata Software – Company announces that it has achieved the Amazon Web Services (AWS) Service Delivery designations for two key AWS services: Amazon Elastic Kubernetes Service (Amazon EKS) and Amazon DynamoDB. – Positive
 
·      PPAP Automotive – Company has been awarded with Machinist Super Shopfloor Award in the category of Excellence in manufacturing. The Machinist Super Shopfloor Awards are organised by Worldwide Media (WWM), a fully owned subsidiary of The Times of India Group (BCCL). PPAP was honoured out of 400 participants in different categories. – Positive sentiment
 
·      Tinna Rubber  - Company has recently entered into an Agreement for Purchase of Land to establish a new manufacturing unit at Palghar, Maharashtra.  This state-of-the-art Greenfield plant, will have the capacity to process 60,000 tons of Old Used Tyres, Annually. This expansion is being done in addition to the current capacity of 90,000 tons of old used tyre recycling which is spread across India & it is being operated from four location  - positive
 
·      Gensol Engineering – Company has in the first quarter of fiscal 2023-24 ended June 30, 2023 received orders from reputed clients for the supply of trackers and the development of solar power projects worth Rs 277cr  - positive
 
·      L&T – Company wins factory and business construction order between Rs1000cr – Rs2500cr – positive
 
·      HDFC bank – Company has acquired 84.44 lakh shares of Hindustan Oil Exploration, thus buying a 6.39% stake in the company. – positive
 
·      Shri Bajrang Alliance – Company has successfully repaid all of its outstanding term loans. The company has successfully paid off all outstanding term loans through diligent efforts and strategic financial management. – positive
 
·      Poonawalla Fincorp - Business Updates for Q1 FY2023-24 - Assets Under Management (AUM): AUM grew by 41% YoY and 10% QoQ to approximately Rs17,770 crore as on 30 June 2023. Asset quality: GNPA and NNPA are expected to improve further. As guided, we would strive to maintain the NNPA below 1% in line with its Management Vision 2025. Liquidity: Disbursements: Total disbursements during Q1FY24 were highest ever at approximately ₹ 7,050 crores, up 143% YoY and 11% QoQ . The Company continues to have ample liquidity of approximately ₹ 4000 crore as on 30 June 2023. – positive
 
·      HDFC Bank Q1 Business Update - Advances aggregated to approximately ₹ 16,155 billion as of June 30, 2023, a growth of around 15.8% over ₹ 13,951 billion as of June 30, 2022 and a growth of around 0.9% over ₹ 16,006 billion as of March 31, 2023. Gross of transfers through inter-bank participation certificates and bills rediscounted, the Bank's advances grew by around 20.2% over June 30, 2022 and around 1.9% over March 31, 2023. As per the Bank's internal business classification, domestic retail loans grew by around 20.0% over June 30, 2022 and around 4.0% over March 31, 2023 – Positive
 
·      Paytm Q1 Business Update - Continued growth in payments and loan distribution business: Leadership in offline payments strengthens with 79 lakh devices deployed; disbursements of ₹5,227 Cr ($637 million) in the month of June 2023 through Paytm platform. - Continued expansion of consumer base with average monthly transacting users (MTU) at 9.2 Cr for quarter (average for three months ended June 2023), up 23% YoY – positive
 
·      Yes Bank Q1 Business Update - Bank's deposits grew 13.5% YoY from Rs. 193,241 crores as of June 30, 2022 to Rs. 219,369 crores as of June 30, 2023. CASA reported YoY growth of 8.4% from Rs. 59,544 crores as of June 30, 2022 to Rs. 64,528 crores as of June 30, 2023. – Avoid due to poor balance sheet.
 
·      Godrej Consumer Expects Double-Digit Sales Growth in 1Q - Godrej Consumer expects high-single digit volume growth and double-digit sales growth organically in Q1 quarter. “Our quality of profits has seen sustained improvement, led by robust gross margin expansion and ongoing category development investments. This should translate to strong EBITDA growth,” the company said.  India business had double-digit volume growth, sales growth was slightly higher than mid-single digit.  Company expects exceptional stamp duty expense on Park Avenue and KamaSutra brand acquisition.
 
·      Marico Q1 Business Update - Marico Ltd.’s profit in the April-June quarter is expected to grow by double digit led by an expansion in operating margin, even as revenue in the quarter declined in ‘low-single digits’ from a year earlier.  Pricing interventions in key domestic portfolios last year and further pricing drops in Saffola edible oils, amounting to pricing decline of ~30% y/y, hurt revenue.  Demand trends in the sector remained stable during the quarter, the consumer good maker said.  Domestic volumes grew in low-single digits, with a minor volume drop in Parachute coconut oil, low double-digit volume growth in Saffola edible oils and flattish quarter for value – Long term positive.
 
·      IDFC First Bank Q1 Business Update – Q1 CASA deposit increased 26.7% (YoY), advance grew 44.4% (YoY) , loan and advance as of June up 24.5% (YoY)
 
·      Adani Wilmar: The company has estimated volume growth of 25% in the June quarter over the previous year, driven by strong demand in both food and edible oil categories. The sales value has declined, reflecting the sharp drop in edible oil prices. The Food & FMCG segment recorded volume growth of 20% and revenue growth of 30% to cross Rs 1,000 crore for the quarter on a standalone basis. The edible oil prices. The Food & FMCG segment recorded volume growth of 20% and revenue growth of 30% to cross Rs 1,000 crore for the quarter on a standalone basis. The edible oil business grew 25% in volume terms and fell 15% in terms of value growth.
 
 

Pre-Market Derivatives and Technical Set-up

*Pre-Market Derivatives and Technical Set-up*

🔎 *Nifty* 
Index opened positive and remained in the range of its initial hour for the rest of the session. It took support near 19339 zones and faced some capped move on the upside. Recovery was seen in the last hour and it managed to close near 19400 zones with gains of around 10 points. It formed an Inside Bar on daily frame and has been making higher lows from the last six sessions

📊 Now it has to continue to hold above 19300 zones to extend the move towards 19450 and 19500 zones while on the downside support is intact at 19250 and 19100 zones

🎢 India VIX was up by 1.56% from 11.70 to 11.88 levels. Volatility was on the rise and made the index consolidate in a range with slight profit booking

🧮 On weekly front, Maximum Call OI is at 19500 then 19400 strike while Maximum Put OI is at 19300 then 19000 strike. Call writing is seen at 19500 then 19550 strike while Put writing is seen at 19350 then 19400 strike. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones

🔎 *Bank Nifty*
Index marginally lower but remained consolidative in a narrow range of 200 points between 45100 to 45300 zones for most part of the trading session. It formed an Inside Bar and a Doji on daily scale but higher lows formation is intact from the last six sessions. Some profit booking was seen in selective private banks but it managed to hold its support of 45000 zones

📊 Now it has to continue to hold above 45000 zones for an up move towards 45500 then its recent life high of 45650 zones while on the downside support shift higher at 45000 then 44750 levels

🔎 *Fin Nifty*
Index opened negative and witnessed selling pressure right from the initial tick and cracked by almost 150 points. It has negated its higher highs-higher lows formation after five trading sessions as small pause is now visible in the ongoing uptrend after clean rally of more than 1000 points in last seven trading sessions. It formed a Bearish candle on daily scale however overall setup is still bullish

📊 Now it has to continue to hold above 20100 zones to extend the gain towards 20400 then 20550 levels while a hold below the same can drag it towards 20000 then 19900 level

*Stocks* 
🚀 Bullish setup in BHEL, Bajaj Auto, Divislabs, Colpal, Hindpetro, Heromotoco, Maruti, HDFC Life, Godrejcp, Exideind, Oberoirlty, DLF, BPCL, Techm, Dabur, Bharatforg, Jindalstel, Hindunilvr, Britannia, ITC, ICICI Bank, M&M and Titan 

🐻 Bearish setup in Dixon, HDFC Bank, HDFC Ltd, Astral, Eicher Motor, SRF and Page Ind

STOCKS IN ACTION 5 JULY

STOCKS IN ACTION 5 JULY 

LTIMindree: The company will replace HDFC Ltd. in Nifty 50 after mega HDFC merger. It will move from Nifty Next 50 to Nifty 50. The replacement will come into effect on July 13. The replacement will also be applicable to Nifty50 Equal Weight index. 

Samvardhana Motherson International: The company, via unit SMRP B.V., will buy 81% stake in Yachiyo's 4W business, housed under Japan's Yachiyo Industry Co. Ltd. The stake is valued at JPY 22.9 billion (Rs 1,301 crore) for 100% stake. Honda Motor will own 19%, making it 81:19 joint venture.  

Jindal Steel & Power: The company will replace HDFC in Nifty 100.  

Mankind Pharma: The company will replace HDFC in Nifty 500, Nifty 200, Nifty Large Midcap 250 and Nifty Total Market

LIC Housing Finance: The company will replace HDFC in Nifty Financial Services.  

Phoenix Mills: The company will replace HDFC in Nifty Housing. 

Brigade Enterprises: The company will replace HDFC in Nifty Core Housing  

Ambuja Cements: The company will replace HDFC in Nifty High Beta 50. 

State Bank of India: The lender has approved to acquired entire stake held by unit SBI Capital Markets in SBICAP Ventures for a cash consideration of Rs 708.07 crore.  

Bandhan Bank: Bandhan Bank Chief Financial Officer Sunil Samdani has resigned, with effect from Sept. 30, and decided to explore professional opportunities outside the bank. The bank is in the process of identifying a suitable candidate for the office of CFO. 

Syngene International, Strides Pharma: Stelis Biopharma, the biologics arm of Strides, has signed a binding term sheet with Syngene International Ltd. to divest its Unit 3 multi-modal facility in Bengaluru for a gross consideration of Rs 702 crore. Syngene further invest up to Rs 100 crore to repurpose and revalidate the facility. The site will have a manufacturing capacity of 20,000 litres of ins

Bharat Heavy Electricals: The company has extended its gas turbines technology agreement with General Electric Technology GmbH Switzerland. Under this extension, BHEL has gained access and enhanced rights for existing, uprated and new gas turbine models.

Aurobindo Pharma: Company’s breast cancer biosimilar product, BP02 Trastuzumab, developed by unit Curateq Biologics has met its primary endpoint in Phase III clinical trials and has shown equivalent efficacy to Herceptin biosimilar. 

Bata India: The company has approved the appointment of Anil Ramesh Somani as chief financial officer for a period of five years from April 25, 2023. 

Manali Petrochemicals: The company has inked two captive power agreements with two separate units of First Energy for procurement of wind power and solar power for a total consideration of Rs 356.4 lakh.

HPCL Rajasthan Refinery Limited executes a loan agreement under a consortium arrangement for Rs 48,625 crore

Som Distilleries to consider raising funds via equity warrants on July 8

RBLBank Q1 Biz Update: Total deposits up 8% at Rs 85,638 cr Vs Rs 84,887 cr (QoQ)

AU Small Fin Bank Q1: Total deposits up 27% at Rs 69,315 cr Vs Rs 54,631 cr (YoY)

Hewlett Packard Enterprise announces its plans to begin manufacturing high-volume servers in India

Lemon Tree signs licence pact For A 48-room Property In Udaipur, Rajasthan

Macrotech Developers Q1 Biz Update: Pre-sales up 17% YoY & down 11% QoQ, at Rs 3,350 cr
Collections down 8% YoY & down 18% QoQ, at Rs 2,400 cr
Net debt down 18.1% at Rs 7,260 cr Vs Rs 8,860 cr (YoY)

SuzlonEnergy to consider fund raising on July 7 by way of one or more or combination of permissible methods

Lupin gets US FDA nod for its ANDA Dolutegravir tabs for oral suspension & to market generic equivalent of Tivicay PD tabs for oral suspension

IOC to consider raising funds via RightsIssue on July 7

Market Indication

Market Indication:
Global: FLAT to NEGATIVE

NIFTY: FLAT to NEGATIVE

BANKNIFTY:  FLAT to NEGATIVE

BULK Deals: Minda Corporation, Global Surfaces etc.

Stocks In F&O Ban Period: Indiabulls Housing Finance

Results Today: Nil

GIFT NIFTY:  (Negative)

19488     -24.00    -0.12%

Nifty 12 points Down open

Nifty 12 points Down open.

Banknifty 91 points Down open.

SENSEX 47 points Down open.

Wednesday, July 5, 2023

Buy : Banknifty

📈 Buy : Banknifty 6th july 45400PE

📊 Current Price : 290

🎯 Target : 340 , 390

☠️ Stoploss : 230