Consumer Durables News

Hatsun Agro board meet today to consider fundraising via rights issue


Events Today

Hatsun Agro: Board meet to consider fund raise via rights issue

AGMs:

Subex (11 a.m.)

Tourism Finance Corp. (11 a.m.)

Themis Medicare (12 noon)

S. P. Apparels (4 p.m.)

Oil & Gas Updates

Brent Crude at $92/bbl Vs $90.9/bbl

Singapore GRM at $(3)/bbl Vs $(1.6)/bbl

Asia Spot Gas prices at $42/mmBtu Vs $45/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net sold 3260 cr worth shares on September 16 (prov)

DIIs net sold 37 cr worth shares on September 16

FII F&O Cash Data:

Index futures net buy Rs 838 cr

Index options net buy Rs 6863 cr

Stock futures net sell Rs 3467 cr

Stock options net buy Rs 111 cr

Total FII net buy Rs 4345 cr in F&O

F&O Ban

Indiabulls Housing

RBL Bank

Addition:- PVR, India Cement

Bulk/Block Deal

Embassy Office Parks REIT

REDDY VEERANNA sold 47.8lk shares @ 351

NEW WORLD FUND INC bought 55lk shares @ 351

REDDY VEERANNA sold 1.4cr shares @ 351

SMALLCAP WORLD FUND INC bought 55lk shares @ 351

Aptus Value Housing Finance

INTEGRATED CORE STRATEGIES (ASIA) sold 26.5lk shares @ 326.7

Asahi India Glass

INTEGRATED CORE STRATEGIES (ASIA) sold 15.8lk shares @ 603.6

Deepak Fertilisers

INTEGRATED CORE STRATEGIES (ASIA) sold 7.5lk shares @ 887

THE VANGUARD GROUP INC A/C bought 6.8lk shares @ 890

Delta Corp

SHARE INDIA SECURITIES net bought 1.1lk shares @ 226

ELGI Equipments

INTEGRATED CORE STRATEGIES (ASIA) sold 27.5lk shares @ 490

THE VANGUARD GROUP INC A/C bought 55.3lk shares @ 489

GHCL

INTEGRATED CORE STRATEGIES (ASIA) sold 6.6lk shares @ 667

THE VANGUARD GROUP INC A/C bought 11.4lk shares @ 671

Lemon Tree Hotels

INTEGRATED CORE STRATEGIES (ASIA) sold 53lk shares @ 81.7

Mangalam Cement

ADITYA MARKETING&MANUFACTURING sold 4.5lk shares @ 367

PILANI INVESTMENT AND INDUSTRIES bought 3lk shares @ 366

Motherson Sumi

INTEGRATED CORE STRATEGIES (ASIA) sold 1.6cr shares @ 86

Corporate Announcements

Delta Corp

Did Not Get Communication From Daman And Diu On Grant Of Casino Licenses To Deltin Hotel, Daman

Bharat Wire Ropes

Board meeting to be held on 23 Sept to consider fund raising

Shree Renuka Sugars

Expanded capacity for ethanol production, from 720 KLPD to 1250 KLPD, is expected to go on stream by December 2022

Maruti Suzuki

To recall 5,002 Super Carry vehicles manufactured between 4th May, 2022 and 30th July, 2022

SAL Steel

Entered into a Supply Agreement for 3 years with AIA Engineering for supply of Ferro Chrome to AIA on non-exclusive basis

Co has agreed to avail a secured Inter Corporate Deposit of Rs. 125 Cr from AIA which will be used to repay its loan / for working capital requirements

MIDHANI

Secured an order of Rs. 185 Cr

Order booking position for FY 22-23 (as on date) is around Rs. 470 Cr

The open order position of MIDHANI as on date is around Rs. 1,535 Cr

HDFC Life

Gets NCLT Approval For Amalgamation Of Exide Life Insurance Into Company

Ambuja and ACC

Ambuja Cements approved issue of convertible warrants worth Rs 20000 cr to Harmonia Trade and Investment. Ambuja will issue 477.48 million warrants at Rs 418.87

Each warrant can be converted into one share; can be exercised in one or more tranches until 18 months from issue of warrants

ACC has appointed Karan Adani as chairman and non-executive, non-independent director,

Vinay Prakash and Arun Kumar Anand were also named non- executive, non-independent directors

Co. also named veteran banker Vinod Bahety as the new chief financial officer

Sridhar Balakrishnan has been redesignated as whole-time director and chief executive officer

N. S. Sekhsaria resigned as chairman and non-executive, non-independent director following the completion of takeover of the company by the Adani Group

Other appointees of the company’s former owner Holcim, including Martin Kriegner and Jan Jenisch, have resigned as directors

Adani Power

Promoter withdraws plans to delist the company.

M&M

Ontario Teachers to acquire 30% stake in Mahindra Susten for Rs 711 cr at an equity value of Rs 2,371 crore. Mahindra, Ontario Teachers to explore sale of additional 9.99% stake in Susten by May 31, 2023. Proposed deal envisages setting up InvIt.

Hercules Hoists

Board meet on September 23 to consider demerger.

Others

National Logistics Policy

To reduce logistics cost from 13-14% of DGP to 8-10% of GDP over next five years

The government is setting up of 35 multimodal logistics parks and has published E-handbook for warehouse standard process and practices

Integration of digital system (IDS) to integrate 30 different systems of 7 different departments

Unified logistics interface platform (ULIP) to monitor smooth cargo movement.

Ease of Logistics (ELOG) services for industry association to address concerns.

System improvement group (SIG) to monitor all logistics and infrastructure projects for planning and clearance.

Technology will help in creating paperless supply chain process and digitally link together all stakeholders and reduce carbon footprint.

The real time cargo tracking will benefit for load mapping and increase return load utilization for truck operators

Faster cargo movement will free up capital and reduce inventory, wastage in the supply chain.

It will expedite the last mile delivery while saving time and money for businesses.

RIL, ONGC and Oil India In Focus

India revises windfall tax – fifth revision since it was imposed

On Crude Oil

Government decreases windfall tax on crude oil production to Rs 10,500/tonne from Rs 13,300/tonne

On Refined Products

Diesel decreased to Rs 10/litre from Rs 13.5/litre

ATF decreased to Rs 5/litre from Rs 9/litre

Edelweiss Consumer Durables Channel Check

After staying shy in June and July, demand has turned more amiable mid-August onwards

Dealers are stocking with caution, catering only to short-term demand

Price-hikes have started to reverse in some segments, which might impact sector value-growth if sustained

Large south-based dealer expects price cuts, especially in the white goods segment, post-Diwali

Dealer in the western region expects further price cuts in fans and appliances in the coming months as brands try to reduce inventory levels at their end

On C&W, similar trends have been seen among dealers, expecting demand to stabilise with a stabilisation in commodity cost

Projects business continues to lag while retail remains on track

From Bloomberg

India Official Reserves Drop to Lowest Since October 2020

Official reserve assets of India fell $2.23b, or 0.4%, from the previous week to $550.9b on Sept. 9, according to Reserve Bank of India figures.

Reserves down 14% from the same period last year

Gold up 0.9% W/w, 1.5% Y/y to $38.6b

Foreign currency assets down 0.5% W/w, 16% Y/y to $489.6b

Special Drawing Rights (SDR) down 0.4% W/w, 8.8% Y/y to $17.7b

Harsha Engineers India IPO Gets 74.7 Times Demand for Shrs Offer

Harsha Engineers International Ltd.’s 7.55 billion-rupees ($95 million) initial public offering got bids for about 1.26 billion shares, compared with 16.86 million on sale, according to stock exchanges data as of 6 p.m. local time on Friday, the last day of the offering.

The Ahmedabad-based bearing cages maker, aims to raise 4.55 billion rupees selling new shares, while its founders are offering shares worth up to 3 billion rupees in the IPO

Insiders

Companies Category No. Of Shares Activity
Sasken Tech Promoter & Director 179 Bought
APCOTEX INDUSTRIES Promoter Group 860 Bought
BERGER PAINTS Other 2,000 Bought
ECLERX SERVICES Trust 3,020 Bought
Vaibhav Global Promoter Group 4,000 Bought
Heranba Industries Promoter 5,000 Bought
NCL INDUSTRIES Promoter Group 6,938 Bought
ZYDUS WELLNESS Promoter Group 9,767 Bought
M&M Designated Person 18,032 Bought
Gland Pharma KMP 21,400 Bought
D B Corp Promoter 143,841 Bought
WELSPUN INDIA Trust 500,000 Bought
SANDUR MANGANESE Promoter Group 13,366,916 Bought
MPHASIS Designated Person 1,200 Sold
UNO Minda Designated Person 2,000 Sold
V-GUARD INDUSTRIES KMP 2,742 Sold
Cyient KMP 3,000 Sold
Star Cement Promoter Group 3,472 Sold
Bajaj Finance Designated Person 5,000 Sold
Star Cement Promoter Group 11,543 Sold
INDUSIND BANK Designated Person 12,225 Sold
GODAWARI POWER Director 13,675 Sold
Godrej Properties Designated Person 15,000 Sold
STEEL STRIPS Designated Person 15,499 Sold
INFOSYS Designated Person 25,000 Sold
JSW STEEL Other 25,664 Sold
INDO AMINES Promoter Group 36,000 Sold
Nykaa Designated Person 39,263 Sold
Lux Industries Promoter Group 51,425 Sold
Campus Activewear Designated Person 68,000 Sold
USHA MARTIN Promoter 75,000 Sold
Mahindra CIE Directors Immediate Relative 456,455 Sold

Analyst Meetings

ICICI Bank attended Goldman Sachs India Thematic Tour 22 on Sept 15

Affle (India) meeting with Abrdn Group on Sept 16

Hero Motocorp attended media meet/ corporate event to be on 7 Oct

Phoenix Mills interaction with Invesco organized by B&K on Sept 16

PG Electroplast to attend Motilal Oswal Financial Services on Sept 21

UTI AMC meeting with Prabhudas Lilladher on 19 Sept

UCO Bank meeting with Emkay Global Financial Services, Antique Stock Broking on 16 Sept

TATA Power to meet Ninetyone Investment on Sept 16

CSB bank to meet Baroda BNP Paribas Mutual Fund on Sept 16

SBI meeting with CLSA, Morgan Stanley on 16 Sept

HDFC Ltd to attend CLSA conference from 13-16 Sept

SBI Life meeting with host of investors on 16 Sept

HDFC Life attended conference organised by Goldman Sach on 15 Sept

RBL Bank meeting with Goldman Sachs Asset Management, Schonfeld Strategic Advisors on Sept 16

Lemon tree to participate in Motilal Oswal Annual Global Investor Conference on Sept 19

Godawari Power ISPAT meeting with host of investors on Sept 19

TATA Steel to attend Motilal Oswal 18th Annual Global Investor Conference on Sept 19

APAR Industries to attend call organised by Equirus on Sept 23

HDFC Life attended conference organised by Goldman Sach on 15 Sept

HPCL to attend Motilal Oswal 18th Annual Global Investor Conference on Sept 21

GAIL (India) to attend J.P. Morgan -India Investor on 21 Sept.



Source link

Leave a Comment