Events Today
Bombay Dyeing Board meet to consider fund elevate via rights issue
Pennar Industries Buyback Offer to shut
Accenture This autumn earnings
Fortis IHH – Daiichi Case Hearing in Supreme Court
Sonata Software and Bajaj Finserv: Listing of Bonus Equity Shares
AGMs
FDC Ltd/India (10.00 am)
Exide Industries Ltd (10.30 am)
Amrutanjan Health Care Ltd (10.30 am)
Pennar Industries Ltd (11.00 am)
National Aluminium Co Ltd (11.00 am)
HT Media Ltd (11.00 am)
Hikal Ltd (11.30 am)
Gujarat State Petronet Ltd (three.00 pm)
Quess Corp Ltd (three.30 pm)
OnMobile Global Ltd (four.00 pm)
Sun Pharma Advanced Research (5.00 pm)
Oil & Gas Updates
Brent Crude at $89.6/bbl Vs $90.four/bbl
Singapore GRM at $2.1/bbl Vs $(zero.7)/bbl
Asia Spot Gas costs at $38.9/mmBtu Vs $43.three/mmBtu
Corporate Action
Nil
DII/FII knowledge
FIIs web offered Rs 461.04 cr price shares on September 21 (prov)
DIIs web purchased Rs 538.5 cr price shares on September 21
FII F&O Cash Data:
Index futures web promote Rs 1092 cr
Index choices web purchase Rs 2931 cr
Stock futures web promote Rs 1453 cr
Stock choices web promote Rs 163 cr
Total FII web promote Rs 223 cr in F&O
F&O Ban
RBL Bank
PVR
Delta Corp
Escorts
Addition:- Ambuja Cement and Can Fin Homes
Deletion:- India Cement
Bulk/Block Deal
Triveni Turbine Limited
ADITYA BIRLA SUN LIFE MUTUAL FUND purchased 37.7lk shares @ 226.7
EMPLOYEES PROVIDENT FUND MANAGEDBY NOMURA ASSET MANAGEMENT purchased 10.4lk shares @ 226.7
GOVERNMENT OF SINGAPORE purchased 42lk shares @ 226.7
INVESCO MUTUAL FUND purchased 28.6lk shares @ 226.7
MONETARY AUTHORITY OF SINGAPORE purchased eight.7lk shares @ 226.7
NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY purchased 13.7lk shares @ 226.7
PLUTUS WEALTH MANAGEMENT purchased 20.4lk shares @ 226.7
RATI SAWHNEY purchased three.2cr shares @ 229
SBI MUTUAL FUND purchased 90.4lk shares @ 226.7
SUNDARAM MUTUAL FUND purchased 37.4lk shares @ 226.7
THE NOMURA TRUST AND BANKING CO. LTD purchased 32lk shares @ 226.7
Ishan Dyes & Chemicals
SWETSAM STOCK HOLDING PRIVATE LIMITED purchased 1.8lk shares @ 74
SHANKAR SHARMA offered 1.4lk shares @ 74
Dodla Dairy
BHARAT BIO TECH INTERNATIONAL purchased 20lk shares @ 525
TPG DODLA DAIRY HOLDINGS PTE offered 18.three shares @ 525
Corporate Announcements
Escorts Kubota
Resignation of Mr. Shenu Agarwal, President, Agri & Construction Business
Mr. Shenu Agarwal will, nonetheless, proceed to work with us till finish of Nov. 2022
Ashoka Buildcon
Gets Letter of Acceptance from South Western Railway for Rs 258.12cr
Heritage Foods
Board meeting on 30 Sept to consider and approve elevating of funds on a Rights Issue foundation
Panasonic Energy India
To consolidate all its associated operations from the manufacturing facility positioned in Vadodara (Gujarat) to the manufacturing facility positioned in Pithampur (Dhar, MP) to cut back working value
IDBI Bank
Completed sale of whole stake of Ageas Federal Life Insurance Company Limited by IDBI Bank Limited to Ageas Insurance International NV
PB Fintech
Made Investment of Rs 645cr in Policybazaar Insurance Brokers Private Limited
Investment of Rs 250crin Paisabazaar Marketing and Consulting Private
Star Housing Finance
Board meeting on 26 Sept to consider & talk about proposal for fund elevating by issuance of Equity shares by means of preferential issue
Canfin Homes
Board has agreed to relieve Shri Girish Kousgi on October 20, 2022 after workplace hours
Kirloskar Oil Engines
Appointed Mr. Anurag Bhagania as CFO and KMP with impact from 22nd September 2022
To purchase steadiness 24% fairness shares of La-Gajjar Machineries Private Limited
Amends shareholder settlement between co, La-Gajjar Machineries and Derwent Crystal India
Approved train of exit choice as per shareholder settlement
KPI Green power
Received a brand new order for executing Wind-Solar Hybrid Power Project of 5.40 MW capability fromGreenlab Diamonds LLP
SpiceJet
SpiceJetunder ‘enhanced surveillance’ by DGCA till Oct. 29
DGCA says 50% cap on SpiceJetcapacity till Oct. 29
Adani Transmission
Aims to develop into a web-zero emitter by 2050
Taking steps similar to permitting extra renewable power to movement by way of its community
The firm goals to enhance the share of renewable power to 60%
Suzlon Energy
Board meet on Sept 25 to consider fund elevate via rights issue
Triveni Turbine
GIC, ADIA, Nomura, Plutus, SBI MF, Aditya Birla MF, Sundaram MF and Invesco MF purchased stake in block deal.
Venus Pipe
To enhance welded pipe capability for a capex of Rs 50 cr – to be funded via debt and inner accruals. Existing capability operating at 90% utilisation ranges, whereas new capability to come on-line by Q1FY24.
Others
Adani Enterprises In Focus
Fadnavis says Navi Mumbai airport to be useful by July 2024
Tata Motors Mgmt Meet Key Takeaways: Edelweiss
FY24 web auto debt and JLR EBIT margin/FCF steerage is a nicely-thought plan
Near-term provide chain, although bettering, stays fluid for JLR.
India MHCV: Near-term outlook is sweet, cognisant of potential rising headwinds
PVs: EV penetration can shock positively
In ICEs, the main focus is on reaching excessive single-digit margin and quantity progress
EU power disaster: No vendor within the EU has to this point indicated any manufacturing bottlenecks
Inflation fallout on demand (JLR): There are not any seen indicators of demand impression at the moment, demand weak point, in case it arises, might final just a few quarters
EV launches (JLR): No delay in schedule. By FY26, 27% of JLR gross sales will likely be pure EVs
From PTI
Tatas evaluating choices to consolidate AirAsia India, Vistara beneath Air India
From Bloomberg
Century Plyboards Eyes Over $125 million Capex Investment in three Years
Century Plyboards India Ltd., the nation’s largest wooden panel maker by market worth, plans to make investments greater than 10 billion rupees ($125 million) in capex over the subsequent three years, it mentioned in an announcement on Wednesday after its annual common meeting
The Kolkata-based agency hopes to experience a wave of actual property initiatives and sees the constructing-materials market rising for the subsequent 5-6 years
The wooden ply maker expects to keep profitability within the coming 12 months regardless of rising enter prices and inflation, in accordance to Chairman Sajjan Bhajanka
India Mulling to Allow More Duty-Free Rice Exports: Official
India, which curbed exports of some rice varieties earlier this month, is inspecting the business’s requests to calm down some norms, in accordance to a authorities official.
India can also be finding out whether or not it ought to enable some damaged rice cargoes caught at ports, the official informed reporters on Wednesday, however requested not to be recognized because the discussions are non-public
India imposed a 20% responsibility on shipments of white and brown rice, and banned damaged rice gross sales overseas
The curbs utilized to roughly 60% of India’s total rice exports
The Rice Exporters Association has urged the federal government not to impose the 20% responsibility on consignments the place delivery payments have been filed, or on stockpiles of uncooked rice mendacity at port warehouses
The authorities also needs to consider some concessions for cargoes the place irrevocable letters of credit score have been opened earlier than the federal government’s notification to curb exports
It ought to allow duty- free export of 750,00zero tons of uncooked rice and 500,00zero tones of damaged rice, in accordance to the group
India Cumulative Monsoon Rainfall 7% Above Normal as of Sept. 21
India’s Monsoon-Sown Rice Production Seen Falling 6.1% Y/y
Output of monsoon-sown rice in India, the world’s largest exporter, is forecast to fall by 6.1% y/y to 104.99m tons in 2022-23, in accordance to an announcement by the farm ministry.
Sugarcane manufacturing is probably going to surge to report 465.05m tons, from 431.81m tons, in accordance the ministry’s first advance estimates
Corn output seen at report 23.1m tons vs 22.63m tons a 12 months earlier
Total meals grains output anticipated at 149.92m tons vs 156.04m tons
Production estimates for different commodities in the course of the season (2022-23 vs 2021-22)
Coarse cereals: 36.56m tons vs 35.91m tons
Output of pulses seen regular at eight.37m tons
Soybeans: 12.89m tons vs 13m tons
Total oilseeds: 23.57m tons vs 23.89m tons
Cotton: 34.19m bales (of 170 kg every) vs 31.2m bales
Insiders
Companies Category No. Of Shares Activity BERGER PAINTS Other three,00zero Bought ICICI Lombard Connected Person three,500 Bought Vaibhav Global Promoter Group four,00zero BoughtGodrej Agrovet Promoter 9,360 BoughtMAHINDRA LIFESPACE Designated Person 28,821 BoughtMAN INFRA Promoter 108,455 Bought IDFC Director 200,00zero BoughtADANI ENTERPRISES Promoter Group 300,00zero BoughtAdani Green Promoter Group 1,00zero,00zero Bought MPHASIS Designated Person 2,00zero Sold V-GUARD INDUSTRIES KMP 2,200 Sold INFO EDGE Trust three,zero63 Sold Eris Lifesciences Designated Person three,400 Sold J.B.CHEMICALS Designated Person four,630 SoldECLERX SERVICES Trust 5,675 SoldPI Industries Trust 7,694 Sold Nykaa Designated Person 9,444 SoldGUJARAT AMBUJA Designated Person 12,533 SoldKPIT Tech Other 15,zero50 Sold Welspun Corp Designated Person 45,00zero Sold Mahindra CIE Director 45,513 Sold UFLEX Promoter Group 25,00zero Pledge LaunchAnalyst Meetings
Escorts Kubota meeting with Amansa Capital Pte on Sept 21
HIL to host investor and analyst name on Sept 22
PPAP Automotive meeting with host of traders on Sept 23
Mahindra CIE Automotive to attend Meetings organized by ICICI Securities on 22 Sept
Gufic Biosciences Meeting with traders/analyst organized by Equirus Securities on 22 Sept
Jindal Steel & Power to attend J.P. Morgan India Investor Summit 2022 on 21 Sept
Adani Enterprises interplay with GIC, Singapore at Mumbai on Sept 23
Prudent Corporate Advisory Services non deal street-reveals held 21,22,23 Sept
ICICI Lombard GIC attended JP Morgan India Investor Summit on Sept 20
UPL collaborating in a convention with Analyst / Investors organised by J.P. Morgan on 22 Sept
ICICI Pru Life meeting with host of traders on Sept 21
Greenpanel Industries participated occasion organised by Equirius Securities 22 Sept
IEX to meet Abu Dhabi Investment Authority (ADIA) on Sept 22
PVR participated in MOSL investor convention on 21 Sept
Finolex Industries meeting with Grandeur Peak Global Advisors on Sept 22
Safari Industries (India) meeting with Stallion Asset Management on Sept 22
Aditya Birla Fashion and Retail attended MOSL Investor convention 19-23 Sept
Eicher Motors meeting with Quantum AMC on Sept 22
HDFC AMC to attend J.P. Morgan’s India Investor Summit on Sept 21
LIC Housing finance attended India Investor Summit 2022 on Sept 20
Phoenix Mills concluded investor interplay with HSBC Global Emerging Markets Forum on Sept 21
Yes Bank met host of traders on Sept 21
Narayana Hrudayalaya meeting with SBI MF on Sept 21
DLF attended J.P. Morgan India Investor Summit 2022 on 21 Sept
Sobha meeting with attended Institutional Investor/ Analyst, Motilal Oswal on Sept 20
UGRO Capital to attend Equirus Virtual Annual Conference on 26 Sept
Homefirst finance interacting with Investor/Analysts on Sept 22
Symphony meeting with Taiyo Pacific Partners LP on Sept 23, Bajaj Allianz Life Insurance on Sept 26
Persistent System meeting host of traders on 20-21 Sept.
