Closing Index

 13 July 

BSE CLOSED @ 52769.73 ✅ 397.04 Points 

NSE CLOSED @ 15812.35 ✅ 119.75 Points 

BankNifty Closed 35673.40 ✅ 474.50 Points 

India VIX Closed 12.6225 ❌ 0.3700 Points.

To Watch

Stocks To Watch

Ashoka Buildcon: Received letter of acceptance from National Highways Authority of India for development of Memmadpur (Ambala) - Banur (IT City Chowk) - Kharar (Chandigarh) Corridor for a bid price of Rs 726 crore.

FDC: Launched India’s first oral suspension of Favipiravir – Favenza Oral Suspension, used to treat mild to moderate cases of COVID-19.

Piramal Enterprises: Approved the allotment of 1,020 non-convertible debentures aggregating to Rs 102 crores on private placement basis

Quickheal Technologies: Launched its annual report. Company reported a consolidated revenue from operations of Rs 333 crore in FY21, up 16% from Rs 286 crore in FY20. It said the recovery is “commendable” since business was severely impacted during the initial part of the year because of the lockdown restrictions. The recovery in the retail segment was stronger with 24% increase in revenue, while the enterprise segment grew by 9%. In the enterprise segment in the first two quarters of the year, the company said the government spending was less, and the SME segment also faced some liquidity pressure.

Kirloskar Industries: Reported a 32% decrease in revenue in FY21 at Rs 58.11 crore. Profit before tax is also 50% lower at Rs 32.45 crore. The company said it was mainly due to lower dividend income received, lower revenues from windmill business and reduced lease rental income.

Shilpa Medicare: Board of directors approved the transfer of API Business of the company consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly owned subsidiary of the company.

Xelpmoc Design and Tech: Board of directors to meet on July 15 to consider a proposal of fund raising by issuance of equity shares or any other securities

Suven Life Sciences: Ended FY21 with revenue 6% lower at Rs 13.5 crore as compared to Rs 14.41 crore last fiscal year. Losses narrowed to Rs 72.15 crores versus Rs 94.2 crore.

Thermax: Launched its annual report. The company said its multi-sector approach makes it a resilient entity. Over the medium term, it said improvement in core industries, growing demand for Operations and Maintenance (O&M), Build-Own-Operate, and new energy-driven technologies augur well.

Vipul: NCLT has appointed Ravi Sethia as the interim resolution professional of the company.

Reliance Industries: Invested Rs 1 lakh in Reliance New Energy Solar, a newly incorporated wholly owned subsidiary.

IDBI Bank: Moody’s has upgraded baseline credit assessment (BCA) of IDBI to b1 from b2. IDBI's local and foreign-currency bank deposit ratings are two notches above its Baseline Credit Assessment (BCA) and Adjusted BCA of b1.

Earnings to Watch: Tata Metaliks, Mindtree

In News

Stocks in News

Reliance Industries: The company has invested Rs 1,00,000 in cash in 10,000 equity shares of Rs 10 each of 'Reliance New Energy Solar' (RNESL), a newly incorporated wholly owned subsidiary. RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations. 

ISMT: The company reported consolidated loss of Rs 112.2 crore in Q4FY21 against loss of Rs 79.11 crore in Q4FY20, revenue rose to Rs 459 crore from Rs 276.24 crore YoY. 

LIC Housing Finance: ICICI Prudential Asset Management Company Ltd sold 1,94,291 equity shares (0.04% stake) in LIC Housing Finance, reducing shareholding to 3.01% from 3.05%. 

Shilpa Medicare: The company approved the transfer of API business consisting of Unit-1 and Unit-2 situated at Raichur, Karnataka by way of slump sale to a wholly owned subsidiary of the company. 

FDC: The company launched India's first oral suspension of Favipiravir – Favenza oral suspension, used to treat mild to moderate cases of Covid-19. 

Sunteck Realty: The company's pre-sales grew by 74% YoY in Q1FY22 to Rs 176 crore, and collections grew by 165% YoY in Q1FY22 to Rs 172 crore.

Results / Analysts Meet

Results on July 13, and Analysts/Investors Meeting

Results on July 13: Mindtree, Tata Metaliks, Deccan Health Care, Gagan Gases, Shree Ganesh Remedies, TPI India, and WS Industries will release quarterly earnings on July 13. 

Housing & Urban Development Corporation: The company's officials will meet institutional investors on July 13. 

Triveni Engineering & Industries: The company's officials will meet investors in a Conference meeting organised by Systematix Shares and Stocks on Sugar Industry on July 13. 

Mrs Bectors Food Specialities: The company's officials will meet analysts and investors on July 13. 

Jubilant FoodWorks: The company's officials will meet analysts and investors on July 21. 

Tanla Platforms: The company's officials will meet analysts and investors on July 22. 

Agro Tech Foods: The company's officials will meet analysts and investors on July 23.

Fno Ban Stocks 13.07.2021

Stock under F&O ban on NSE 13-Jul-21

1 GRANULES 

2 IBULHSGFIN 

3 IDEA 

4 NATIONALUM 

5 NMDC 

6 PNB 

7 SAIL

Corporate Actions / Key Results

Today's Corporate Action 13th  Jul Ex Date

GRMOVER Bonus issue 2:1

LAXMIMACH Dividend - Rs. - 10.0000

PERSISTENT Final Dividend - Rs. - 6.0000

SALASAR Bonus issue 1:1

SESHAPAPER Dividend - Rs. - 2.5000

TIRUMALCHM Dividend - Rs. - 2.2000

Today's Key Results/Board Meetings 13-Jul-21

AAVAS Employees Stock Option Plan

AMTL General

BCG Preferential Issue of shares

DECCAN Audited Results;General

GAGAN Quarterly Results

MINDTREE Quarterly Results

SGRL General;Quarterly Results

SPANDANA General

TATAMETALI Quarterly Results

TPINDIA Audited Results;Quarterly Results

WSIND Audited Results;General

Key Events

Here are some events to watch this week:

Bank of America, BlackRock, Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley are among firms starting the U.S. earnings season

A closely-watched inflation metric -- the June U.S. consumer price index -- will offer insight into the inflationary pressures Tuesday

The Reserve Bank of New Zealand’s latest interest rate policy Wednesday

Bank of Korea monetary decision Thursday

China second-quarter GDP, key economic indicators Thursday

Federal Reserve Chair Jerome Powell appears before the Senate Banking Committee to deliver the semi-annual Monetary Policy Report to Congress Thursday

Bank of Japan interest rate decision Friday

These are some of the main moves in financial markets:

Stocks

The S&P 500 rose 0.3% as of 4:02 p.m. New York time

The Nasdaq 100 rose 0.3%

The Dow Jones Industrial Average rose 0.4%

The MSCI World index rose 0.5%

Currencies

The Bloomberg Dollar Spot Index rose 0.1%

The euro fell 0.1% to $1.1860

The British pound fell 0.1% to $1.3883

The Japanese yen fell 0.2% to 110.36 per dollar

Bonds

The yield on 10-year Treasuries was little changed at 1.36%

Germany’s 10-year yield was little changed at -0.29%

Britain’s 10-year yield was little changed at 0.65%

Commodities

West Texas Intermediate crude fell 0.5% to $74.17 a barrel

Gold futures fell 0.2% to $1,806.10 an ounce