Stock market essentials for September 12: Govt to release August retail inflation, July IIP numbers today

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Events Today

Bajaj Finserv: Last day to buy shares to be eligible for Bonus Issue (1:1) and Stock Split (5:1)

Care Ratings: Last day to buy shares to be eligible to tender shares for Buyback

Buyback Price: Rs 515; CMP:- Rs 509; Buyback size:- Rs 122 cr

Quick Heal Technologies: Last day to buy shares to be eligible to tender shares for Buyback

Buyback Price: Rs 300; CMP:- Rs 222; Buyback size:- Rs 150 cr

Ramkrishna Forgings Board Meet to consider fund raising

Goodluck India to consider and approve the issue of convertible warrants or any other securities on preferential basis

Monthly Consumer Price Inflation for August and Industrial Production data for July

AGMs

AIA Engineering (10.00 am)

Go Colors (10.00 am)

Shiva Cement (12.00 pm)

Zuari Agrochemicals (3.00 pm)

Paradeep Phosphates (4.30 pm)

Oil & Gas Updates

Brent Crude at $92/bbl Vs $89/bbl

Singapore GRM at $7.9/bbl Vs $9.1/bbl

Asia Spot Gas prices at $53.9/mmBtu Vs $52.8/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net bought worth Rs. 2132 cr of shares on Sept 9 (provisional)

DIIs net sold worth Rs 1167 cr of shares on Sept 9

FII F&O Cash Data:

Index futures net sell Rs 125 cr

Index options net buy Rs 8906 cr

Stock futures net sell Rs 246 cr

Stock options net sell Rs 237 cr

Total FII net buy Rs 8297 cr in F&O

F&O Ban

Delta Corp

Addition:- Ambuja Cement

Bulk/Block Deal

Ashapura Minechem

Albula investment fund sold 14.5lk shares @ 101.97

Ganesha Ecosphere

Rohan Gupta sold 1.4lk shares @ 635

Nazara Tech

QE SECURITIES net bought 3.5k shares @ 728

XTX MARKETS LLP net sold 12.2k shares @ 736

Corporate Announcements

Reliance

Plans to shut down one crude distillation unit and fluidized catalytic cracker at its Jamnagar SEZ refinery for routine maintenance and inspection. The CDU is expected to be shut for about 3-4 weeks from Sept. 18 and the FCC will be closed for 4-5 weeks from Sept. 10. The other CDU and secondary processing units will operate normally during this period.

Reliance Industries

To acquire polyester business of Shubhalakshmi Polyesters Ltd and Shubhlaxmi Polytex Ltd for Rs. 1522 cr and Rs. 70 cr respectively via slump sale

Total consideration- Rs. 1,592 cr

Co says acquisitions are part of the Company’s strategy to expand its downstream polyester business

Titagarh Wagon

Government of Italy, through its investment arm – Invitalia and UAE based PE – Hawk Eye DMCC has taken a strategic stake in Titagarh Firema Spa (TFA), the subsidiary of Titagarh Wagons

Government of Italy invested EUR 10 million for 30.3% stake

Hawk Eye DMCC invested EUR 4.5 million for 13.64% stake

As part of the agreement, Titagarh Wagon also invested EUR 5.4 million in subsidiary

Subsidiary’s Enterprise Value stands at EUR 118 million and Equity value at EUR 33 million

Recapitalisation to turn around the company and tap huge railway opportunities

Recapitalisation will also help achieve its target of reaching a monthly production of 20 EMU coaches

Italian firm had reported a loss of around EUR 9 million in the last fiscal and is expected to be EBITDA positive this fiscal

Italian firm currently has a healthy order book of EUR 500 million – executed over 4-5 years

Oberoi Realty

Approves amalgamation with four subsidiaries – Oberoi Constructions, Oberoi Mall, Evenstar Hotels and Incline Realty. The rationale for the move was the similar nature of business of the companies and creating a simplified structure with greater management focus

KEC International

Gujarat Industries awarded EPC Contract worth Rs 244 Cr

IRB Infra

Refinance of Project Loan by Yedeshi Aurangabad Tollway Limited (Project SPV of IRB Infrastructure Trust) through issuance of NCDs worth Rs 800cr on private placement basis

TATA Steel

To consider and approve the issuance of NCDs on 14th Sept

Fortis Healthcare

US Federal District Court for the District of New Jersey has dismissed complaint filed by Emqore Envesecure Pvt Capital Trust

Sunteck Realty

Acquires posh land parcel of ~7.25 acres in Mira Road under the JDA model. The project is estimated to have development potential of approx 2.5 mn sq.ft built up area and a revenue potential of around Rs 3,000 crore.

Granules India

Clarifies on news item “Sale of a promoter stake at Granules India Limited”

Co says news item is purely based on speculation, denies rumors and speculative market reports

Bank of India

As of 31st March`22

Divergence in Gross NPA’s Rs 105cr

Divergence in Provisioning Rs 1819cr

Trident- August production

In Home textile division, Bath Linen down 5%, Bed Linen up 8% and Yarn up 12% MoM basis

In Paper & Chemical division, Paper up 1.6% & Chemical up 2.4% on MoM basis

Venus Pipes

1st Indian company to receive BIS approval for Stainless Steel Seamless and Welded Pipes

ONGC

Signs 6 Contracts for Discovered Small Fields in Offshore during DSF-III, 2 Contracts under CBM bid round 2021

Anupam Rasayan

Fire took place in one of the manufacturing block of the factory at Unit-6. The unit has the lowest capacity and is covered for loss of assets and loss of profits under Insurance.

Ambuja and ACC

Open offer closed on September 9

40.6 lakh ACC shares tendered for open offer – 8.3% of the total open offer

7.3 lakh Ambuja shares tendered for open offer – 0.14% of the total open offer

Others

From Bloomberg

India’s Gross Direct Tax Collections Upto Sept 8 at INR6.5 Tln

India’s gross direction tax collections rose 35.5% from a year ago, the government said in a statement Friday.

Gross tax collections were at 6.5 trillion rupees ($81.7 billion), while net of refunds that stood at 5.3 trillion rupees. It is 30.2% higher than net collections for the corresponding period last year

The collection forms 37.2% of the total budget estimates for direct taxes in FY’23: Govt

Growth rate for corporate income tax and personal taxes in terms of gross revenue collections were 25.95% and 44.37% respectively

India Official Reserves Drop to Lowest Since October 2020

Official reserve assets of India fell $7.94b, or 1.4%, from the previous week to $553.1b on Sept. 2, according to Reserve Bank of India figures.

Reserves down 13% from the same period last year

Gold down 3.4% W/w, up 2.3% Y/y to $38.3b

Foreign currency assets down 1.3% W/w, 14% Y/y to $492.1b

Special Drawing Rights (SDR) down 0.3% W/w, 8.4% Y/y to $17.8b

Insiders

Companies Category No. Of Shares Activity
ECLERX SERVICES Trust 3,175 Bought
TALBROS AUTOMOTIVE Promoter Group 5,000 Bought
Vaibhav Global Promoter Group 8,000 Bought
Clean Science Designated Person 100 Sold
Kirloskar Industries Designated Person 153 Sold
INFO EDGE Designated Person 210 Sold
Avenue Supermarts Designated Person 250 Sold
SHOPPERS STOP Designated Person 1,786 Sold
CAMS Designated Person 4,989 Sold
UNO Minda Designated Person 8,320 Sold
Sastasundar Designated Person 10,000 Sold
Nykaa Designated Person 24,250 Sold
INDO AMINES Promoter Group 30,000 Sold
Birlasoft Designated Person 34,804 Sold
HDFC Life Director 35,000 Sold
Edelweiss Financial Designated Person 50,000 Sold
Poonawalla Fincorp Connected Person 52,581 Sold
JSW STEEL Other 69,005 Sold
Geojit Financial Promoter 119,245 Sold
THOMAS COOK Designated Person 170,000 Sold
USHA MARTIN Promoter 200,000 Sold
SUBEX Connected Person 500,000 Sold
JSW Holdings Promoter Group 185,000 Pledge
Inox Wind Promoter 460,000 Pledge Release
ASAHI INDIA Promoter & Director 800,000 Pledge Release
JSPL Promoter Group 7,203,338 Pledge Release

Analyst Meetings

Capri Global Capital meeting with SBI Mutual Fund on Sept 12

M&M attended InCred Capital Virtual Investor Conference on 14 Sept

Gokaldas Exports meeting SBI Mutual Fund on Sept 9

ICICI Lombard GIC meeting with Marcellus Investment Managers on Sept 8

Shakti Pumps to meet host of investors on Sept 8

Hindware home Innovation to participate Edelweiss Home Decor Conference on 12 Sept

Macrotech Developers to attend Annual CLSA Flagship Investors’ Forumon Sept 13, Motilal Oswal Annual Global Investor on 19 Sept and JPM India Investor Summit on 21 Sept

Somany Ceramics meeting with Edelweiss Securities on Sept 12

IndiaMART InterMESH meeting with Arisaig Partners (India) on Sept 8

Affle (India) attended conference call hosted by Elara Securities on Sept 9, Enam Asset Management on Sept 8

TATA Steel meeting to attend Ambit India Access – India Capex Conclave, Standard Chartered Credit Conference on Sept 12

HDFC Ltd attended conference organised by Jefferies on 7-9 Sept

Mahindra Logistics Investor Conference of Elara Capita on Sept 9

AU small finance bank Investor call hosted by Bank of America on 8 Sept, Meeting hosted by Investec on 9 Sept

IDFC First bank to attend events on Sept 9, 15,19

ICICI Pru attended meeting with host of investors on Sept 9

AU SFB attended Investor call hosted by Bank of America on 8 Sept, Investec on Sept 9

Steel cast meeting with investors on Sept 10 in Bhavnagar

TATA Motors meeting with host of investors from 12-16 Sept

SBI interacted DSP Mutual fund on 9 Sept

Axis Bank attended CITI GEMS conference on Sept 9

Sobha Limited meeting with Elara Capital on Sept 9

TATA steel to attend Ambit India Access – India Capex Conclave, Standard Chartered Credit Conference on Sept 12

Rallis India meeting with Arihant Capital Markets, Nirmal Bang Securities on 15 Sept and Phillip Capital, N-Square Capital on 16 Sept

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