Markets

Sebi slaps Rs 30 lakh fine on Reliance Industries; banks asked to speed up NPA resolution programme

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Events Today

IATA Annual General Meeting in Doha

Savita Oil Technologies to consider proposal for stock split

AGMs: Rajratan Global Wire

Corporate Action

Nil

DII/FII data

FIIs net sold worth Rs 1217.12 cr of shares on June 20 (prov)

DIIs net bought worth Rs 2093.39 cr of shares on June 20

FII F&O Cash Data:

Index futures net sell Rs 18 cr

Index options net sell Rs 5582 cr

Stock futures net buy Rs 1170 cr

Stock options net sell Rs 121 cr

Total FII net buy Rs 4550 cr in F&O

F&O Ban

RBL Bank

Indiabulls Housing

Deletion:- Delta Corp

Bulk/Block Deal

Happiest Minds

Plutus Wealth Management bought 19.4lk shares @ 800

Morgan Stanley Investment Fund sold 13.1lk shares @ 800

Apar Industries

UBS IQ MSCI ASIA APEX 50 ETHICAL ETF bought 2.1lk shares @ 997

Corporate Announcements

Fineotex Chemical

To consider fund raising by issue of equity shares on 24 June

KEC International

Secured new orders of Rs 1,092 cr across its various business verticals

Suven Lifesciences

Board meeting on 24th June to consider raising of funds through issue of equity shares on rights basis

Bharat Forge

Approved transfer of the Company’s stake in ‘Refu’ to Kalyani Powertrain, WOS.

The Company has decided to consolidate its EV business initiatives under Kalyani Powertrain Ltd for a better strategic alignment

Oriental Aromatics

Company’s Bareilly plant to remain shut from 27th June to 3rd July,2022 for annual Maintenance purpose

ONGC

Chairman and Managing Director Dr. Alka Mittal, Director (HR) term extended for a period of two months w.e.f. 01.07.2022 to 31.08.2022

Eureka Forbes

Resignation of Mr. Marzin R. Shroff as the MD and CEO (Executive Director) of the Company wef August 2022

Other News

SEBI imposes combined Rs 30 lakh penalty on Reliance and two people for not promptly disclosing 2020 Facebook deal.

Endurance Tech Analyst Meet Key Takeaways: Investec

Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards

Confident of sustaining the outperformance vs 2Ws industry.

Mgmt. articulated their plan to expand product capabilities for EV components

Acquisition of Maxwell Energy gives access to BMS and the relationship could potentially lead to access to other embedded electronics components

Declining commodity prices, cost cutting initiatives and operating leverage should drive-up margins – 160 bps over FY22-24 for the India business

European business – 25% of revenue – should see the semi-conductor issue ease from Jan’23

In the near term though the pressure from higher energy cost could persist

Dhanuka Agritech Analyst Meet Key Takeaways: PL

Delayed start of monsoons have kept ground sentiments lower

Weak rainfall in first 20 days – down 8% YoY on a PAN India basis

Major deficiency witnessed in key agricultural belts of Central, Western and Southern India

Q1FY23 revenue growth for industry likely to be subdued – low double digit growth on a lower base of last year

Taken price hikes of 3-4% across portfolio to pass on inflated cost

RM prices remained stable, led by lower demand in domestic market

V-Mart Retail Analyst Meet Key Takeaways: BOBCAPS

Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23

UP is facing partial disturbance due to strong BJP government

Bihar is witnessing a major unrest, which has forced 80% of the stores to get impacted about 60% of the time

20% price hike in Q1 to mitigate the cost inflation will increase the ASP, but will likely result in lower volumes

Consumer spending on fashion wear has overall taken a hit due to rising interest rate

Plans to add 55-60 stores in total in FY23

ETNOW SOURCES ON FM-PSBs MEET

Meet inconclusive today; comprehensive meet to take place later in presence of FM

Banks asked to expedite NPA resolution programme

Credit outreach programme at district level reviewed by Govt today

Target for banks to be set during meet with FM

Refining Margins

Singapore GRM now trading at $27.4/bbl Vs $26.4/bbl – new highs

Insiders

Company Category No. Of Shares Activity
Max Financial Services Employee Welfare Trust 260,000 Bought Bought
Mukand Promoter 6,527 Bought
NCL Industries Director 19,348 Bought
Som Distilleries Promoter 26,000 Bought
VIP Industries Promoter 242,473 Bought
Orient Bell Promoter 1,255 Bought
Jagran Prakashan Promoter 11,047 Bought
Firstsource Solutions Designated Person 28,000 Bought
Eclerx Services Employee Welfare Trust 2,627 Bought
RPG Life Promoter 9,892 Bought
JSW Energy Promoter Group 100,000 Bought
Man Infra Promoter Group 10,629 Bought
Lux Industries Promoter 15,530 Bought
Star Cement Promoter & Director 80,437 Bought
IIFL Wealth Promoter & Director 75,000 Bought
Nuvoco Vistas Promoter 100,000 Bought
GHCL Designated Person 1,000 Sold
Nahar Spinning Mills Designated Person 18,528 Sold
Capri Global Employee 2,640 Sold
M&M Financial Director 12,500 Sold
Intellect Design Connected Person 14,000 Sold
Bharat Wire Ropes Director 55,027 Sold
L&T Tech Designated Person 490 Sold
Tejas Networks Designated Person 2,223 Sold
Amrutanjan Health Promoter 881,116 Sold
Sun Pharma Directors Immediate Relative 4,000,000 Pledged
SPARK Promoter 870,000 Pledged

Investor/Analysts Meet

Mahindra Life spaces Developers to attend call organized by Dolat Capital on 21 June

Chemcon Specialty Chemicals Gujarat plant visit with investor/ analyst on 22 June

RACL Geartech investor conference call on 24 June

PFC held meeting with Elara Capital on 17 June

C.E. Info Systems meeting with ASK Investment Managers on 20 June

ICICI Pru Life meeting with Baillie Gifford & Co, Skerryvore Asset management & Walter Scott & Partners on 20 June

eClerx Services meeting with L&T MF on 20 June

Gokaldas exports meeting with Alfaccurate PMS, Nippon Mutual Fund on 21 June

Ami Organics meeting with Malabar Investment Advisors, Mondrian Investment Partners on 20 June

IIFL Finance meeting with Abakkus Asset Manager on June 22, Laburnum Capital & Goldman Sachs on 27 June

J Kumar Infraprojects organized visit to its various project sites in Mumbai for Analysts (Participants) on June 21, 2022

Nykaa meeting with UBS securities on 21 June, Arisaig Partners & JM Financial on 22 June, Invesco June 24

Mahindra Holidays & Resorts meeting with Lucky Investment on 21 June, RARE Enterprises on June 22

BOI 26 AGM scheduled on 15th July 2022th

Adani Enterprises interaction with investors on 21 June

Ultratech Cement meeting with Aditya Birla Sun Life Asset Management on 21 June

Brigade Enterprises meeting with Goldman Sachs on 22 June, host of investors on 23-24 June

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