CLOSING INDEX

14 Sep 20, BSE CLOSED @ 38756.63 ❌ 97.92 Pnts & NSE CLOSED @ 11440.05 ❌ 24.40 Points, BankNifty Closed 22101.25 ❌ 378.70 Points & India VIX Closed 21.19 ✅ 00.4775 Points.

Stocks To Watch

Yes Bank: ICRA has upgraded securities issued by the lender after the fund raise and general improvement in the bank's financial profile. Infrastructure bond program worth Rs 7,030 crore has been upgraded to BBB from BB+. The bank's Basel-III compliant lower Tier-II bonds worth Rs 10,900 crore upgraded to BBB- from BB+. The rating upgrade factors in the sizeable capital raise of Rs 15,000 crore, improvement in the bank's liquidity position and subsequent increase in its deposit base. ICRA say that the Covid-19 stress on the residual corporate book as on June 30 is likely to keep credit costs elevated in the near-term.

The Maharashtra government has increased ready reckoner rates in the state by an average of 1.74%. The new rates will be applicable on September 12 and have been raised for the first time in two and a half years. Ready reckoner rates are the market value of properties determined by the government for the purpose of taxation. Godrej Properties, Sunteck Realty, Kolte Patil Developers, Oberoi Realty, IBREL will be in focus.

Bharti Airtel: Moody's has affirmed the company's Ba1 corporate family rating and senior unsecured rating at the same time. The outlook has been revised to stable from negative. The ratings affirmation and change in outlook reflect improving profitability at the company's core Indian mobile business, because of a moderation in industry competition, an increase in its 4G customer base and a tariff hike in December 2019.

Deepak Fertilisers & Petrochemicals: Sets rights issue price at Rs 133 per share. The rights entitlement ratio has been set a 3 shares for every 20 shares held. The record day has been set as September 17. The issue price is a 17.6% discount to Friday's closing price. The issue opens on September 28 and closes on October 12.

Tata Motors: JLR sales down 15.5% in August at 28,887 units. For Q1FY21, sales fell 42.4% to 74,067 units.

Adani Green Energy: CEO says in a conference call that the deal to buy Essel's solar assets is in its final stages and the company is seeking $1.8 billion to build projects.

Dhanuka Agritech: Board to meet on September 16 to approve terms of the share buyback.

JSW Energy: CARE Ratings downgrades the long-term ratings of its three arms - JSW Energy (Barmer), JSW Hydro Energy and Jaigad Power Transco to CARE A+/stable from CARE AA- / credit watch with negative implications. The rating revision factors in termination of the company's proposed deal to acquire GMR Kamalanga Energy and the recently announced plans to enter into the renewable energy space.

Adani Enterprises: Adani Land Defence Systems & Technologies has acquired 51% stake in PLR Systems from Fouraces Systems. This acquisition will enable the company to manufacture defence equipment indigenously.

Kilpest India: Board to consider amalgamation of 3P Blackbio Tech and itself on September 17.

TTK Prestige: Has launched new category of steel casseroles and will be initially launched in North Indian markets.

Piramal Enteprises: CCI approves acquisition of 20% stake in Piramal Pharma by Carlyle.

Ratnamani Metals & Tubes: Gets domestic order worth Rs 90 crore for supply of pipes to the Oil & Gas sector.

Heritage Foods: Board approves selling 1.78 crore shares of Future Retail and 8.92 lakh shares of Praxis Home Retail in one or more tranches.

Forbes & Co: Board approves borrowing of up to Rs 150 crore by issue of debentures to promoter Shapoorji Pallonji.

IGSEC Heavy Engineering: Gets order worth Rs 126.5 crore for scrubber system from Hindalco.

Puravankara: Board to consider raising capital via NCDs on September 16.

Persistent Systems: Announced alliance with cloud data management software company Actifio.

Route Mobile: IPO subscribed 74.36 times on the final day of bidding. Institutional subscription at 91.06 times. Non-institutional investors subscription at 195.6 times and retail subscription at 12.8 times.

Non-Nifty Earnings Today: PVR, Raymond, Balaji Telefilms, Bharat Road Network, IFCI, GATI, JB Chemicals, ITI, MMTC, NBCC, SAIL, Take Solutions 

F&O Cues

 F&O Cues

Nifty September futures end at 11,467; premium of 3 points from 19 points

Nifty September futures add 7% and 7 lakh shares in Open Interest

Nifty Bank September futures end at 22,575; premium of 95 points from 68 points

Nifty Bank September futures add 6% and 82,000 shares in Open Interest

Nifty Put-Call Ratio at 1.34

Enter F&O Ban: Adani Enterprises, Canara Bank, Vedanta

Stocks In F&O Ban: Adani Enterprises, Apollo Tyres, Bank of Baroda, BHEL, Canara Bank, Indiabulls Housing Finance, JSPL, PNB, Vedanta, Vodafone Idea

Nifty: September 17 Expiry

Maximum Open Interest on Call side at 11,500 strike (23.5 lakh shares)

Maximum Open Interest on Put side at 11,300 strike (19.6 lakh shares)

Active Options: 11,400 Put (7.7 lakh shares) and 11,500 Call (8.5 lakh shares)

Nifty: September 24 Expiry

Maximum Open Interest on Call side at 11,500 strike (21 lakh shares)

Maximum Open Interest on Put side at 11,000 strike (27.6 lakh shares) 

Stocks in news

BHEL: The company reported a loss of Rs 893.1 crore in Q1FY21 against a Rs 218.9 crore loss. Revenue fell to Rs 1,990.9 crore versus Rs 4,532.5 crore YoY.

Goa Carbon: The company resumed operations at Paradeep unit.

BGR Energy Systems: The company reported a loss of Rs 74.42 crore in Q1FY21 against a loss of Rs 12.49 crore. Revenue fell to Rs 127.47 crore versus Rs 631.98 crore YoY.

UPL: LIC raised the stake in the company to 7.07 percent from 5.06 percent earlier.

Heritage Foods: The board approved to sell 1,78,47,420 equity shares of Future Retail and 8,92,371 equity shares of Praxis Homer Retail Limited held by the company in one or more tranches.

Jindal Stainless (Hisar): The company reported a loss at Rs 93.89 crore against a profit of Rs 105.3 crore; revenue declined to Rs 852.4 crore versus Rs 2,372 crore YoY.

Ratnamani Metals & Tubes: The company received a domestic order of Rs 90 crore for the supply of coated CS pipes for oil and gas sector to be completed between December 2020 and April 2021.

Eros International: The company reported a loss of Rs 28.49 crore in Q1FY21 against a profit of 27.05 crore. Revenue dropped to Rs 41.68 crore from Rs 183.52 crore YoY.

DIVIDENDS & RESULTS

 Today's Corporate Action 14th Sep Ex Date

AEGISLOG Final Dividend - Rs. - 1.2000

GANECOS Final Dividend - Rs. - 2.0000

GSFC Final Dividend - Rs. - 1.2000

HCLTECH Final Dividend - Rs. - 2.0000

JINDRILL Final Dividend - Rs. - 0.5000

JKTYRE Final Dividend - Rs. - 0.7000

MAGADHSUGAR Final Dividend - Rs. - 4.0000

MAHSEAMLES Final Dividend - Rs. - 2.5000

MRF Final Dividend - Rs. - 94.0000

PFS Final Dividend - Rs. - 0.4500

PREMCO Final Dividend - Rs. - 2.0000

PTC Final Dividend - Rs. - 5.5000

SILINV Dividend - Rs. - 2.5000

SUPERHOUSE Dividend - Rs. - 0.8000

SUPPETRO* Final Dividend - Rs. - 1.5000

SUTLEJTEX Dividend - Rs. - 0.3000

Today's Key Results  14-Sep-20

Apollo Hospitals Enterprise, Future Retail, HUDCO, PVR, Anant Raj, Ansal Properties, Asian Oilfield Services, Astra Microwave Products, AXISCADES Engineering, Balaji Telefilms, Bharat Road Network, GATI, HPL Electric & Power, IFCI, IVRCL, ITI, JB Chemicals, Jaypee Infratech, Jump Networks, Kwality, MBL Infrastructures, MMTC, NBCC (India), PC Jeweller, Raymond, SAIL, Skipper, SREI Infrastructure Finance and Take Solutions are among 443 companies to announce quarterly results.