Closing Index

 05 Oct 2020 

BSE CLOSED @ 38973.70  ✅ 276.65 Points 

NSE CLOSED @ 11503.35  ✅ 86.40 Points

BankNifty Closed 22370.95 ✅ 124.95 Points 

India VIX Closed 19.7050 ✅ 1.3550 Points.

New Listing ABL

 New Listing : Angel Broking Ltd

Name :ANGELBRKG

Code : 543235 / 324

Group : B / EQ

ISIN : INE732I01013

Issue Price : 306

Face Value : 10

Market Lot : 1

Stocks To Watch

TCS: To consider share buyback at its quarterly results meeting on October 7. The company also said that it will be providing Rs 1,218 crore as an exceptional item in the financial results during the quarter after a Chicago court reduced the damage award in the EPIC systems Corporation matter.

Hero MotoCorp: Raises ex-showroom prices of its motorcycles and scooters by up to 2% from October 1.

Vedanta: Reverse book-building process for public shareholders begins today. The process continues till October 9. The company's revenue and net profit for the April-June period fell 25.3% and 23.5% respectively year-on-year. Reported Ebitda was down 23.2% while margins were flat at 24.5%.

Solar Industries: Signs a contract with the government to supply 10 lakh multi-mode hand grenades for Rs 409 crore. The grenades have to be delivered over a period of two years.

ITI: Signs contract with the Ministry of Defence for supply and establishment of army static switched communication network. The total value of the contract is worth Rs 7,796 crore, whereas the time period for the execution is three years.

NMDC: Iron Ore sales up 10.5% in September to 2.11 MT while production up 12% to 1.83 MT.

Dhanlaxmi Bank: RBI approves an interim arrangement to form a new committee of directors to exercise the powers of the bank's MD & CEO till a new one takes charge. The interim arrangement will not continue beyond four months.

Kilpest India: The company has sold 8.68 lakh Covid-19 tests in the month of September at an average price of Rs 230 per test.

Godawari Power: Has started exporting mild steel wire rods and the first consignment of export of wire rods worth 2,400 MT has been dispatched to Nepal. The company has received a few more orders for export of wire rods worth 2,000 MT and is also in the process of finalising contracts with some parties for export of wire rods in South-East Asia and Africa.

Hindalco: Novelis has sold the former Aleris plant in Belgium to ALVANCE - the international aluminium business of the GFG Alliance. As of closing on September 30, Novelis has received 210 million Euros in cash. The parties have agreed to a post-closing arbitration process regarding the payment of the remaining 100 million Euros.

PNC Infratech: The company's JV with SPML Infra has received a Letter of Award for a water supply project worth Rs 289.8 crore in Uttar Pradesh. The order involves construction of Haraulipur Group of villages Water Supply Scheme and Electric/Solar-based piped ground water supply scheme. This also includes commissioning, operation and maintenance for a period of 10 years. The share of PNC Infratech in the JV is 95%.

Havells: Has decided to shift its switchgears production capacity from Guwahati to its existing facilities at Baddi, in order to have benefits of synergy.

HCL Tech: Announces new collaboration with IBM to help clients accelerate their digital transformation by migrating enterprise mission-critical workloads to the IBM public cloud.

Dr Reddy's Laboratories: Announces the launch of a generic version of Sapropterin Dihydrochloride Tablets for oral use in the U.S. market.

Polyplex: Thai arm approves proposal to set up a new BOPET thin film line with an installed capacity of 50 KTPA, which will come up adjacent to the existing line in Decatur, Alabama. The estimated cost of the same, including working capital is seen at $102.8 million. This will result in capacity increasing to 86 KTPA from 58 KTPA. The project is proposed to be financed by available surplus cash balances and internal accruals. Tentative time frame for commissioning is about 24 months.

Marksans Pharma: Expanding its earlier initiated recall of Metformin Hydrochloride Extended release tablets USP 500 mg & 750 mg to include an additional 76 unexpired lots. The recall is due to observation of NDMA content in some lots exceeding the acceptable daily intake limit. As of March 31, 2020, exports to the U.S. for Metformin constituted less than 1% of the company's consolidated revenue.

South Indian Bank: CARE Ratings downgraded Basel-III tier-II debt worth Rs 1,500 crore to CARE A from CARE A+. The outlook has been retained as negative. The revision is due to the continuous moderation in asset quality and profitability over the past three years, with majority of the slippages coming from the corporate segment.

Sequent Scientific: Increased its stake in Fendigo BV to 100% from 85%. Fendigo is a veterinary pharmaceutical company operating in the Netherlands. The company is involved in sales and marketing of veterinary and health products for pets, farm animals, horses and poultry.

L&T Technology Services: Announces completion of the acquisition of Texas-based Orchestra Technology - a specialist technology solutions provider for the telecom industry. The acquisition is in accordance with the terms set out in the agreement announced on July 16.

Sintex Industries: Filed a writ petition in the Delhi High Court, challenging the RBI circular. The company has been working with its lenders to bring a resolution plan in place for its business activities. On September 30, Punjab National Bank had reported a borrowal fraud of Rs 1,203.2 crore in the company's NPA account.

Prism Johnson: The company has rationalised workforce by 67% (112 workers) at one of its tile manufacturing facilities at Pen, Maharashtra. The one-time financial impact due to this is approximately Rs 18 crore, which has been met out of the internal accruals of the company. This was done in order to improve the cost structure and viability of the plant and will not have any impact on sales. The Pen plant contributed approximately 1.8% of the total consolidated sales of the company in FY20.

Max India: Promoter Max Venture Investment Holdings revoked pledge of 5.1 lakh shares on September 30.

Karur Vysya Bank: Base rate revised to 8.1% from 9.15% while Benchmark Prime Lending Rate (BPLR) revised to 13.1% from 14.15%. The changes are effective from October 4.

Stocks in the news

Angel Broking: Company to list shares on October 5. Issue price is fixed at Rs 306 per share.

Reliance Industries: Mubadala Investment Company, GIC and TPG will invest Rs 13,597.5 crore into RIL's subsidiary Reliance Retail Ventures.

Tata Motors: Company sold 44,444 vehicles in September 2020 against 32,376 vehicles sold in September 2019, sales in Q2 increased 13% to 1,06,888 vehicles.

Route Mobile: Company completed the acquisition of primarily intellectual property (software) and associated identified customer contracts (business) of TeleDNA Communications, on a slump sale basis.

AGC Networks: Subsidiary Black Box Holdings has completed the acquisition of Fujisoft Technology LLC (Dubai) and Fujisoft Security Solutions LLC (Dubai).

ITI: Company signed contract with Ministry of Defense to implement Rs 7,796 crore ASCON Phase-IV project.

VST Tillers and Tractors: Company sold 2,246 power tillers in September 2020 against 1,292 tillers in September 2019. In same period, it sold 1,004 tractors against 669 tractors YoY.

Hero MotoCorp: Company sold 7,15,718 units in September 2020, up 16.9% compared to 6,12,204 units YoY.

Fno Ban Stock 05.10.20

 Stock under F&O ban on NSE 05-Oct-20

1 VEDL

Dividends & Results

 Today's Corporate Action 5th Oct Ex Date 

None

Today's Board Meetings 05-Oct-20

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