Closing Index

 14 July 

BSE CLOSED @ 52904.05 ✅ 134.32 Points 

NSE CLOSED @ 15853.95 ✅ 41.60 Points 

BankNifty Closed 35668.25 ❌ 5.15 Points 

India VIX Closed 12.5900 ❌ 0.0325 Points.

To Watch

Stocks To Watch

Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators' absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal production. Integrated zinc production was 188,000 tonnes, up 20% as compared to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.

Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.

Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.

Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.

Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for 51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.

Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.

Zuari Agro Chemicals: Single super phosphate plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. Nitrogen, phosphorus and potassium A plant has been shut down due to unavailability of raw materials.

Sadbhav Infrastructure Projects: India Ratings has downgraded the credit rating of the company to BBB+ from A-.

Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.

Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.

NBCC (India): Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.

Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.

Shriram Transport Finance: Approved and allotted 1,300 senior secured rated, listed, principal protected market linked, redeemable, non-convertible debentures of face value of Rs 10 lakh each on private placement basis. Issue size is of Rs 85 crores plus green shoe option of Rs 50 crores.

Barbeque-Nation Hospitality: ICRA has upgraded the credit rating for the company’s bank facilities on a long-term scale to A- (stable). On the short-term scale, the rating assigned is A2+.

IFB Industries: Released its annual report. The company posted a net revenue from operations at Rs 2,800 crore, up 6.2%. Profit before tax increased by 74.2% year-on-year to Rs 2,322.4 crore. The company said it achieved success despite a bleak performance in first quarter due to shut down on account of Covid-19. It added that the increase in margin is largely on account of favourable product mix, price hike, reduction in material cost, scheme cost and overheads.

Cholamandalam Financial Holdings: Released its annual report. Ended FY21 with a total income stood at Rs 13,905 crore and profit after tax of Rs 1,764 crore. The NBFC subsidiary, Cholamandalam Investment and Finance Company closed the year with disbursements of Rs 26,043 crore and business assets under management of Rs 69,996 crore. Profit after tax grew by 44% to Rs 1,515 crore. Chairman MM Murugappan said FY21 was “extremely challenging” for the financial services industry, on account of the worldwide economic slowdown, coupled with stressed borrowers and a liquidity crunch in the market. He added that after battling disruptions during the first quarter, India's NBFCs grew at a slower pace in the second and third quarters of the year largely aided by the liquidity enhancing measures announced by the government.

Indian Bank: Received requisite prior approval of RBI for exercise of call option on bank's Outstanding Basel III Tier 2 Bonds Series I aggregating to Rs 600 crore.

Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary, has taken over the management control of Mumbai International Airport Limited from the GVK Group.

Skipper: Acuite has rated the company’s long-term bank facilities as A- (stable) and short-term bank facilities as A2+.

NIIT: Released its annual report. The company recorded a revenue of Rs 949.5 crore in FY21, up 7% year-on-year from Rs 889.2 crore. Ebitda more than doubled to Rs. 175.3 crore. Chairman Rajendra Pawar said it ssee a positive upswing in the future across all businesses. He said the strong balance sheet and liquidity position coupled with the opportunities opened up by large-scale digital disruption, have positioned NIIT as a leader in the spaces addressed by their corporate learning and skills and careers businesses.

HDFC Bank: Meeting on July 17 to consider raising funds via foreign currency debt

NMDC: Approves spinoff of NMDC Steel; NMDC Steel to issue equal number of shares they hold in the miner

NTPC:Plans to build 4.75gw solar park in Gujarat

Earnings To Watch: Infosys, L&T Technology Services, 5Paisa Capital, Craftsman Automation, Dodla Dairy, Hatsun Agro Product, Raghav Productivity Enhancers, Tinplate Company of India. 

In News

Stocks in News

Mindtree: The company reported profit of Rs 343.4 crore for Q1FY22 against Rs 317.3 crore reported in Q4FY21; revenue rose to Rs 2,291.7 crore from Rs 2,109.3 crore registered in the previous quarter. 

Adani Enterprises: Subsidiary Adani Airport Holdings has taken over the management control of Mumbai International Airport (MIAL) from the GVK Group. This follows approvals received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra. 

Bodal Chemicals: Samyaktva Construction LLP acquired 0.37% equity stake in the company, increasing shareholding to 5.27% from 4.9% earlier. 

Barbeque-Nation Hospitality: ICRA has upgraded credit rating for the bank facilities of Barbeque-Nation Hospitality. 

Bank of Maharashtra: The company opened its qualified institutional placement on July 13 and the floor price has been fixed at Rs 24.89 per share for the issue. 

Tata Metaliks: The company reported profit of Rs 94.72 crore for Q1FY22 against loss of Rs 12.36 crore in Q1FY21, revenue jumped to Rs 602.97 crore from Rs 209.94 crore in the year-ago period

Analysts / Investors Meeting

Results on July 14, and Analysts/Investors Meeting

Results on July 14: Infosys, 5paisa Capital, Alliance Integrated Metaliks, Bhakti Gems and Jewellery, Craftsman Automation, Dodla Dairy, Essar Securities, Hatsun Agro Product, L&T Technology Services, Mishtann Foods, Tasty Dairy Specialities, Tinplate Company of India, and Vikas EcoTech will release their quarterly earnings on July 14. 

Stylam Industries: The company's officials will meet Systematix Institutional Equities on July 16. 

HDFC Life Insurance Company: The company's officials will meet analysts and investors on July 19 to discuss Q1FY22 financial results. 

DCM Shriram: The company's officials will meet analysts and investors on July 23. 

Aegis Logistics: The company's officials will meet analysts and investors on July 14 to discuss the developments on the major JV with Royal Vopak for LPG & Chemicals terminals in India. 

Vedanta: The company's officials will meet analysts and investors on July 26.

Fno Ban Stocks 14.07.2021

Stock under F&O ban on NSE 14-Jul-21

1 GRANULES 

2 IDEA 

3 NATIONALUM 

4 NMDC 

5 PNB 

6 SAIL 

7 SUNTV

Corporate Actions / Key Results

Today's Corporate Action 14th  Jul Ex Date

LXCHEM Final Dividend - Rs. - 0.5000

MAHEPC Dividend - Rs. - 1.2000

SUPER Final Dividend - Rs. - 2.5000

TINPLATE Dividend - Rs. - 2.0000

UPL Final Dividend - Rs. - 10.0000

WENDT Final Dividend - Rs. - 20.0000

ZYDUSWELL Final Dividend - Rs. - 5.0000

Today's Key Results/Board Meetings 14-Jul-21

5PAISA General;Quarterly Results

ADESHWAR Audited Results

AIML Audited Results

ASIANTILES Right Issue of Equity Shares;Issue Of Warrants;General;Preferential Issue of shares;Rights Issue

BGJL Quarterly Results

CRAFTSMAN Quarterly Results

DODLA Audited Results

ESSARSEC Quarterly Results

GGL Quarterly Results

HATSUN A.G.M.;Increase in Authorised Capital;Interim Dividend;General;Quarterly Results

INFY* Audited Results;Quarterly Results

LTTS Quarterly Results

MISHTANN Interim Dividend;Quarterly Results

PALMJEWELS Quarterly Results

RPEL Quarterly Results

SHARMEH Quarterly Results

TDSL Audited Results

TINPLATE Quarterly Results

UNIWSEC Audited Results

VIKASECO Audited Results;General;Quarterly Results

Key Events

Here are some events to watch this week:

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 fell 0.3% as of 4 p.m. New York time

The Nasdaq 100 was little changed

The Dow Jones Industrial Average fell 0.3%

The MSCI World index fell 0.2%

Currencies

The Bloomberg Dollar Spot Index rose 0.5%

The euro fell 0.7% to $1.1776

The British pound fell 0.5% to $1.3813

The Japanese yen fell 0.2% to 110.61 per dollar

Bonds

The yield on 10-year Treasuries advanced five basis points to 1.41%

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

Britain’s 10-year yield declined two basis points to 0.63%

Commodities

West Texas Intermediate crude rose 1.6% to $75.30 a barrel

Gold futures rose 0.1% to $1,808.60 an ounce