Closing Index

 05 April 

BSE CLOSED @ 49159.32 ❌ 870.51 Points 

NSE CLOSED @ 14637.80 ❌ 229.55 Points 

BankNifty Closed 32678.85 ❌ 1179.15 Points 

India VIX Closed 21.2150 ✅ 1.2275 Points.

To Watch

Stocks To Watch

Wipro: Completes takeover of METRO-NOM GMBH and METRO systems Romania for a purchase consideration of 52.04 million Euros.

Tata Motors: Has completed the sale of its Defence business to Tata Advanced Systems Ltd. for an upfront consideration of Rs 227.7 crore. The transfer has been completed on a slump sale basis. The consolidation will yield benefits in the form of operational and financial synergies helping deliver better value for both the entities.

HDFC: To create a special situations platform by HDFC Capital Advisors Ltd., a wholly-owned subsidiary which will seek to purchase inventory and provide last-mile funding for under construction residential projects across India. The company in a separate exchange filing said that individual loan business continued to see strong improvement during the quarter. The company assigned loans worth Rs 7,503 crore to HDFC Bank as compared to Rs 5,479 crore during the same period last year. Individual loans sold in the preceeding 12 months amounted to Rs 18,980 crore Vs Rs 24,127 crore.

SAIL: Recorded best ever quarterly performance in production and sales during Q4FY21. Crude steel production up 6% to 4.55 MT from 4.31 MT year-on-year while sales rose 14% to 4.27 MT from 3.74 MT year-on-year. The company saw its best ever annual sales of 14.87 MT in FY21. The company has reduced its gross debt by around Rs 16,150 crore and currently stands at Rs 35,330 crore as of March 31, 2021.

National Fertilisers: Reported highest ever total fertiliser sale of 59.36 lakh MT in FY21. Other than fertilisers, the company saw steep growth in the sale of seeds and agrochemicals. Seed sales rose 35% while agrochemical sales saw a growth of 95% from last year. Sale of Bentonite Sulphur saw growth of 150% to 19,958 MT.

NTPC: Unit-2 of 660 MW capacity fo Nabinagar Super Thermal Power Project (3X660 MW) of Nabinagar Power Generation Co. Ltd., a wholly-owned subsidiary has successfully completed trial operations and has been included in the installed capacity of the NTPC group. The total installed capacity of the NTPC group with this inclusion is now at 65,150 MW.

NMDC: Prices of lump ore raised by 9.3% to Rs 5,850 per tonne while prices of fines raised by 5.8% to Rs 4,560 per tonne. Prices were revised higher on March 20, 2021 as well.

Britannia Industries: Declares interim dividend of Rs 62 per share. Record date for the same fixed at April 10, 2021.

Parag Milk Foods: Board approved preferential allotment of 67.56 lakh equity shares at a price of Rs 111 to International Finance Corporation for a total consideration of Rs 75 crore. The board also approved allotment of 45.04 lakh equity shares at Rs 111 each to Sixth Sense Ventures for a total consideration of Rs 50 crore. The board also approved preferential allotment of 50 lakh convertible share warrants to promoters on a preferential basis at a price of Rs 111 per warrant for a total consideration of Rs 111 crore. It will also issue unlisted, unsecured, unrated foreign currency convertible bonds (FCCBs) worth $11 million on a private placement basis to International Finance Corporation at a conversion price of Rs 145 per share after a period of five years.

Adani Enterprises: Gets Letter of Award from NHAI for development of six lane Badakumari-Karki section of NH-130-CD Road under the Raipur-Visakhapatnam Economic Corridor in Odisha on a Hybrid Annuity basis. The bid project cost for the same is Rs 1,169.1 crore. With this, the Adani Group will have a total of ten NHAI road projects under HAM, ToT and BoT basis in eight states. In a separate exchange filing, the company has been awarded the Letter of Acceptance from Maharashtra State Power Generation Company for a Coal Mining Agreement for Gare Palma Sector II Coal Mine at Raigarh. The contract period will be for a period of 34 years.

Jaiprakash Power Ventures: In-line with the company's endeavor to reduce its debt, the company ha pre-paid its long-term / working capital loans amounting to Rs 299.51 crore. Pre-payments were made through the sale proceeds of the company's 74% stake in Jaypee Powergrid Ltd. Also, CRISIL and ACUITE have assigned rating of BBB- on the company's bank facilities with a stable outlook.

NCC: Received two new orders worth Rs 530 crore in March. Of these, orders worth Rs 342 crore pertain to the irrigation division while the other order worth Rs 188 crore pertains to the buildings division. Orders are received from state government agencies.

Bharat Road Networks: Inks deal for complete transfer of ownership in an operating toll road project from Ghaziabad to Aligarh on NH34. The deal will be done at an enterprise value of Rs 1,600 crore.

Tata Power: Has acquired 51% stake in TP Northern Odisha Distribution Ltd. for Rs 191.25 crore. TPNODL has been vested the license to carry out the function of distribution and retail supply of electricity covering circles of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar in Odisha for a period of 25 years from April 1, 2021.

Dixon Technologies: Has incorporated two wholly-owned subsidiaries Dixon Electro Manufacturing Pvt. Ltd. and Dixon Technologies Solutions Pvt. Ltd. for business purposes.

IL&FS Transportation Networks: Completes stake sale in China Road Asset to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund - a fund jointly owned by PingAn Insurance and China Merchants. The company has received a consideration of Rs 1,035 crore from the same. The consideration will be used to pay nearly $88 million worth of loans of Bank of Baroda and the balance will be used to meet the liabilities of IIPL, including bondholders under IOPL. Also, the company's subsidiary Kiratpur Ner Chowk Expressway Ltd. has entered into a settlement agreement with NHAI for foreclosure of the project at a compensation of Rs 672.62 crore.

Jammu & Kashmir Bank: Government of Jammu & Kashmir committed to infuse up to Rs 500 crore in the bank. The board will discuss the capital infusion at its board meeting.

V-Mart Retail: The company has opened six new stores - four in Uttar Pradesh, one in Bihar and one in Rajasthan. With that, the total number of stores now at 279.

L&T Technology Services: Amit Chadha takes charge as MD & CEO of the company.

Bajaj Electricals: The company has announced lay-offs at its manufacturing unit in Shikohabad in Uttar Pradesh as per the Industrial Disputes Act, 1947.

IRCTC: Services of Mumbai-Ahmedabad Tejas Express suspended for one month owing to rising coronavirus cases.

Analysis

 Analysts/Board Meetings

Torrent Power: The company's officials will interact with Capital World on April 5.

Olectra Greentech: The company's officials will attend Electric Vehicles Virtual conference organised by Systematix Institutional Equities, on April 5.

Garware Polyester: The company's officials will interact with Unique Asset Management LLP through its representatives, on April 5.

Swaraj Engines: The meeting of the board of directors of the company will be held on April 20 to consider the audited financial results of the company for the year ended March 2021 and to recommend equity dividend, if any, for the said year.

Gland Pharma: The meeting of board of directors of the company is scheduled on May 17 to consider the audited financial results for the quarter and financial year ended March 2021.

In News

Stocks in the news

JTL Infra: ERW steel tubes and pipes producer said it registered a healthy sales volume of 38,715 metric tonne in Q4 FY21. The volume increased by 98.42% QoQ and 66.41% YoY whereas it registered a robust growth of 73.66% on yearly basis, sales volume of FY21 is 82,710 metric tonne as compared to 47,627 metric tonne in FY20.

Olectra Greentech: Olectra Greentech and Evey Trans received letter of award for 50 electric buses from one of the state transport authorities under FAME-II scheme of Government of India. These buses will be delivered over a period of 12 months.

Ashiana Housing: Ashiana Housing said the 8.31 lakh square feet of area has been booked in Q4FY21 against 4.14 lakh square feet in Q4FY20, while the value of area sold was worth Rs 299.71 crore in Q4FY21 against Rs 145.96 crore in the corresponding period. "1,131 number of units were booked in FY21 vis-a-vis 1,505 units booked in FY20," said the company in its BSE filing.

Britannia Industries: The company has declared an interim dividend at 6,200% i.e., Rs 62 per equity share for the financial year 2020-21. The record date for determining the eligibility of shareholders for payment of interim dividend has been fixed as April 10.

Adani Enterprises: Adani Enterprises along with its wholly-owned subsidiary company, Gare Palma II Collieries Private Limited has signed coal mining agreement with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II coal mine.

Maruti Suzuki India: Suzuki Motor Gujarat (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the plant C, and started production from April 2021. "With production starting at the Plant C, which has an annual production ability of 2,50,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units," said the company in its BSE filing.

Fno Ban Stocks 05.04.2021

Stock under F&O ban on NSE 5-Apr-21

1 SAIL

Corporate Actions

Today's Corporate Action 5th Apr Ex Date

SAREGAMA Interim Dividend - Rs. - 20.0000

SBILIFE Interim Dividend - Rs. - 2.5000

SRTRANSFIN Interim Dividend - Rs. - 6.0000

Today's Key Results/Board Meetings 5th-Apr-21

AREXMIS General

ASHRAM General

HALDYNGL General

IFLPROMOT Quarterly Results

IRCON Bonus issue

MIDPOLY General

RATNABHUMI General

STCINDIA General