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Tuesday, 22 June 2021

IN News

Stocks in News


Jaiprakash Associates: The company reported lower consolidated profit at Rs 424.41 crore in Q4FY21 against Rs 3,068.10 crore in Q4FY20, revenue rose to Rs 2,517.2 crore from Rs 1,876.03 crore YoY.


PG Electroplast: The company approved Rs 76.6 crore incoming investment from Baring Private Equity India, Ananta Capital and others.


State Bank of India: The Central Board of the bank accorded approval for raising fresh Additional Tier 1 (AT 1 ) capital up to an amount of Rs 14,000 crore subject to Government of India concurrence.


VST Tillers Tractors: The company reported profit at Rs 12.93 crore in Q4FY21 against loss of Rs 3.38 crore in Q4FY20, revenue rose to Rs 194.74 crore from Rs 119.80 crore YoY.


Dish TV India: The board approved the raising of funds up to Rs 1,000 crore through rights issue, at a price of Rs 10.


KPIT Technologies: The company signed a definitive agreement to acquire a controlling stake in PathPartner Technology.

Analysts Meet

Results on June 22, and Analysts/Investors Meeting


Results on June 22: NMDC, Ashapura Minechem, Aster DM Healthcare, Bharat Electronics, BL Kashyap and Sons, Gandhi Special Tubes, GE Power India, ITI, Jaypee Infratech, Max India, Omax Autos, Peninsula Land, PNB Gilts, Religare Enterprises, and Sobha will release quarterly earnings on June 22.


Home First Finance Company: The company's officials will meet Motilal Oswal Securities on June 23.


Anupam Rasayan India: The company's officials will meet Motilal Oswal Financial Services on June 22, and Mirae Asset MF on June 23.


Sudarshan Chemical Industries: The company's officials will meet Enam AMC and Vallum Capital on June 22, attend IIFL's Agriculture & Chemicals Conference on June 23.


Multi Commodity Exchange of India: The company's officials will meet Spark Capital Advisors on June 22, PineBridge Investments on June 23, and Kayne Anderson Rudnick Investment Management on June 24.


Blue Star: The company's officials will meet IDFC Mutual Fund on June 22.


Phoenix Mills: The company's officials will meet TT International on June 22, and Motilal Oswal AMC on June 24.


Kirloskar Brothers: The company's officials will meet investors/analysts on June 23.


Rossari Biotech: The company's officials will meet First State Investments, and Anand Rathi Securities on June 22, and Enam AMC on June 24.

Key Events

Here are some events to watch this week:


Fed Chair Jerome Powell testifies at a House Subcommittee hearing on the Fed’s pandemic emergency lending and its asset purchase programs Tuesday

Bank of England interest rate decision Thursday


These are some of the main moves in financial markets:


Stocks

The S&P 500 rose 1.4% as of 4 p.m. New York time

The Nasdaq 100 rose 0.6%

The Dow Jones Industrial Average rose 1.8%

The MSCI World index rose 0.7%


Currencies

The Bloomberg Dollar Spot Index fell 0.4%

The euro rose 0.5% to $1.1918

The British pound rose 0.9% to $1.3929

The Japanese yen was little changed at 110.28 per dollar


Bonds

The yield on 10-year Treasuries rose five basis points to 1.49%

Germany’s 10-year yield advanced three basis points to -0.17%

Britain’s 10-year yield advanced two basis points to 0.77%


Commodities

West Texas Intermediate crude rose 2.7% to $73.54 a barrel

Gold futures rose 0.8% to $1,783.10 an ounce

SLL -- Short Term

SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..