Closing Indices

11th October 2022 

Bse Sensex Closed @ 57103.47 ⬇️ 887.64 Points 

Nse Nifty Closed @ 16983.55 ⬇️ 257.45 Points 

Bank Nifty Closed @ 38712.45 ⬇️ 380.65 Points 

India VIX Closed @ 20.49 ⬆️ 0.8675 Points

Stocks To Watch

Stocks To Watch

Biocon Limited has notified to the stock exchanges that the European Directorate for the Quality of Medicines & HealthCare (EDQM) conducted a GMP inspection of an API manufacturing site of Biocon Limited in Bangalore. There were no critical deficiencies and one deficiency cited under the category 'Major'. – positive

 

Sterlite Technologies (STL) announced a partnership with Vocus Group for Project Horizon in Western Australia. STL will supply high-strength optical fibre cables for Vocus' inter-capital network extension projects as part of the cooperation – Positive

 

Hindustan Unilever - company reduced the cost of some soap brands by up to 15% as palm oil and other raw materials become more affordable. – positive

 

Macrotech Developers – Company added four land parcels in the Mumbai and Pune regions during the last quarter in order to create home projects with a Rs 3,100 crore revenue potential. - positive

 

Gensol Engineering business Update  - Revenue jumps approx. 5.5x in H1 FY23. Revenue for H1 FY23 to be around Rs 180 cr vs Rs 33 crore in H1 FY22. Results illustrate the ongoing positive momentum in this business and remains optimistic about the remaining period of this fiscal. Company is expecting the same growth at the end of ongoing fiscal.- positive but it has already run up

 

Aurionpro has bagged a prestigious project as the Data Center Consultant for a leading financial Institution in India.- positive

 

EKI Energy -  Leading developer and supplier of carbon credits across the globe - EKI Energy restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country's Minister for Power and New & Renewable Energy - Shri RK Singh.- positive

 

Vikas Lifecare has acquired 30% stake in the Ardh Sainik Canteens in an all-cash deal of Rs150 Million from its existing stake holders.- positive

 

Artson Engineering received purchase order worth Rs 42.76 crore – positive

 

Gravita India announced that its step-down subsidiary situated in Senegal, West Africa started commercial production of Aluminium from a new recycling plant with an annual capacity of around 4,000 MTPA.- positive

 

Ramkrishna Forgings got exports order worth Rs 131.5 crore ($15.9 million) order for its application in North America HCVs from a Tier 1 Rear & Front Axle manufacturer customer in the auto segment.

 

Mold-Tek Packaging Gets LoA From Grasim Industries - Birla Paints Division worth Rs30cr – positive

 

IDBI Bank: The financial bids for IDBI Bank privatisation are likely to be invited by March and the conclusion of the sale process is expected by September 2023 – Stock gained 10% yesterday ahead of disinvestment – positive

 

Tata Motors’s global wholesales of passenger vehicles in the second quarter rose 43% y/y to 232,750 units – Lower than expectation

 

Adani Group Report of Plan to Raise $10 Billion – Media report that the company is looking to raise at least $10 billion to fund its expansion in clean energy and ports.  Billionaire Gautam Adani and his family are in early talks with investors including Singapore’s sovereign wealth fund GIC Pte and Temasek Holdings Pte for the fundraising, the report said – positive

 

Loyal Equipment gets Rs15.1cr order from GAIL India – Positive

 

Tejnaksh Healthcare commences operations of URAN Hospital – positive

 

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, announces the launch of Consumerisation of Commercial Banking (COCB) at Sibos 2022. – Positive

 

Paytm Loan Disbursals Q2 Business Update - Quarterly loans disbursed by value stood at Rs 7,313 crore, up 32% from June 2022, Deployed 48 lakh new payments devices, as of September 2022, added 10 lakh new devices in Q2 Monthly transacting users rose to 8 crore as of September 30, from 7.5 crore as of June 30, Merchant gross merchandise value rose 7.4% sequential to Rs3.18 lakh cr – impressive growth – positive

F&O Ban Stocks For 11.10.22

Stock under F&O ban on NSE 11-Oct-22

1  IBULHSGFIN

2  INDIACEM

Key Results

Results on October 11

Delta Corp, GM Breweries, Gujarat Hotels, Supreme Infrastructure India, and Trident Texofab will be in focus ahead of quarterly earnings on October 11.

Today's Corporate Action 11th Oct Ex Date

None

Today's Key Results 11-Oct-22

CHOKSI Quarterly Results   

DELTACORP Quarterly Results   

GMBREW Quarterly Results   

GUJHOTE Quarterly Results   

NCLRESE General   

NINSYS General   

SUPREMEINF Quarterly Results   

TTFL General;Quarterly Results   

In News

In News

Tata Consultancy Services: The IT services company reported a 10% sequential growth in consolidated profit at Rs Rs 10,431 crore for Q2FY23, with profitable growth across all industry verticals and in all major markets. Consolidated revenue grew by 4.8% sequentially (up 18 percent YoY) to Rs 55,309 crore, driven by strong execution, with dollar revenue rising 1.4% and constant currency revenue growth at 4% for the quarter. The orderbook remained quite strong at $8.1 billion for Q2FY23, though slightly down compared to $8.2 billion in previous quarter.

JTL Infra: The stock will be in focus as the company clocked a 56.5% growth year-on-year in consolidated profit at Rs 20.27 crore for the September FY23 quarter, backed by strong operating performance. Consolidated revenue for the quarter grew by 14% YoY to Rs 299.9 crore.

Rategain Travel Technologies: Investor Wagner exited the company by selling entire 57.04 lakh equity shares or 5.28% shareholding in the company via open market transactions on October 6. However, Nippon Life India Trustee acquired additional 4.89% equity in Rategain during December 9, 2021 and October 6, 2022, taking total shareholding to 8.75%.

Panacea Biotec: The company has received long-term supply orders worth $127.30 million (around Rs 1,040 crore) from UNICEF and Pan American Health Organization (PAHO). The company will supply WHO pre-qualified fully liquid Pentavalent vaccine, Easyfive-TT (DTwP-HepB-Hib). UNICEF order is worth $98.755 million (Rs 813 crore) for supply of 99.70 million doses during calendar years 2023-2027 and PAHO award is worth $28.55 million (Rs 235 crore) for supply 24.83 million doses during calendar years 2023-2025.

India Cements: The cement company has sold its entire shareholding in Springway Mining to JSW Cement. It has entered into a Share Purchase Agreement with JSW Cement and divested the entire shareholdings for Rs 476.87 crore. With this, Springway Mining is ceased to be the wholly owned subsidiary of the company.

Triveni Turbine: Nippon Life India Trustee sold 2.92 lakh equity shares or 0.09% stake in the company via open market transactions. With this, its shareholding in the company reduced to 2.98%, from 3.07% earlier.

Inox Wind: The company said its subsidiary Inox Green Energy Services sold entire equity shareholding held in Wind One Renergy, Wind Three Renergy and Wind Five Renergy, to Adani Green Energy. All three special purpose vehicles successfully commissioned 50 MW each of SECI Tranche 1 in 2019. Inox Wind had won 250 MW under the Tranche 1 of Solar Energy Corporation of India's (SECI -1) bids for wind power projects at Dayapar, Gujarat connected on the central grid, at a fixed tariff of Rs 3.46 per unit for 25 years for sale to PTC India.

Stocks In Focus

 Stocks In Focus

HUL says there has been a #price drop For Lifebuoy in the Western region. Pack of 4 lux soaps for Rs 140 will be made into a pack of 5 for Rs 156.

Adani Ports says that the NCLT (National Company Law Tribunal), Ahmedabad Bench has sanctioned the composite scheme of arrangement between Gangavaram Port and Adani Ports & Special Economic Zone and Adani Gangavaram Port.

IRB Infra September toll collections increase by 37% on YoY basis, to Rs 328.2 cr.

The Indian Pharma Market valued at ~ Rs 1.8trn in FY22 is highly consolidated among the top players, 

Top 10 co.s hold ~43% market share in IPM while Top 25 companies hold ~70% Market share. Top 100 companies capture 92% Market Share in IPM.

Harsha Engineers International - White Oak Midcap mutual fund acquires 2.31% to Net Assets.

Other new (IPO companies) names in the holdings - Go fashion, Vedant, Data Patterns, Dodla, Campus, Delhivery.

Delta Corp, GM Breweries, Gujarat Hotels, Supreme Infrastructure India, and Trident Texofab will be in focus ahead of quarterly earnings on October 11.

Market Movers

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.4 as of 10:35 a.m. New York time

The Nasdaq 100 fell 0.8%

The MSCI World index fell 0.5%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro fell 0.1% to $0.9730

The British pound fell 0.2% to $1.1059

The Japanese yen fell 0.2% to 145.57 per dollar

Cryptocurrencies

Bitcoin fell 0.6% to $19,377.48

Ether fell 0.4% to $1,316.11

Bonds

Germany’s 10-year yield advanced six basis points to 2.26%

Britain’s 10-year yield advanced 28 basis points to 4.52%

Commodities

West Texas Intermediate crude rose 0.3% to $92.96 a barrel

Gold futures fell 1.6% to $1,682.60 an ounce.