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