Piyush Goyal to participate in 13th India-US Trade Policy Forum
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Stock Market Essentials For January 9: Piyush Goyal to participate in 13th India-US Trade Policy Forum
Photo : iStock
Global Cues:
Eurozone Unemployment Rate
Japan Markets Closed
Global Earnings:
Jeffries Financial Group
India Inc. Earnings:
Nifty: TCS
Others: Nothing Significant
Corporate Action:
Mahindra Thar 2WD brochure revealed: India launch on January 9: Agencies
Last day to buy JMC Projects before amalgamation
Last day to buy Welspun Enterprises to be eligible for dividend of Rs. 7.5/share
Other Events:
Piyush Goyal to visit New York and Washington DC from Jan 9-11, to participate in 13th India-US Trade Policy Forum: Agencies
Jan 8-Jan 10: Security policy conference Folk och Forsvar in Sweden, with speakers including NATO Secretary General Jens Stoltenberg and Swedish Prime Minister Ulf Kristersson: Bloomberg
Bombay HC to pass order on January 9 in plea by Kochhars seeking immediate release: Agencies
IMF delegation to meet Pakistan Finance Minister amidst severe economic crisis: TimesNow
SpaceX Dragon cargo craft to depart space station on Jan 9: Agencies
Japanese Prime Minister to kick off G7 tour January 9: Agencies
Oil & Gas Updates
Brent Crude at $78.9/bbl Vs $78.7/bbl
Singapore GRM at $8.1/bbl Vs $8.5/bbl
Asia Spot Gas prices at $28.5/mmBtu Vs $28.9/mmBtu
FII/DII Data:
FIIs net sell shares worth `1449 cr on Jan 6 (prov)
DIIs net sell shares worth `194 cr on Jan 6
FII F&O Cash Data:
Index futures net sell Rs 72 cr
Index options net buy Rs 13519 cr
Stock futures net sell Rs 355 cr
Stock options net sell Rs 88 cr
Total FII net buy Rs 13044 cr in F&O
F&O Ban:
Bulk/Block Deal
Landmark Cars
BOFA Securities Europe SA sold 2.5 lakh shares at Rs 576
Girik Wealth Advisors purchased 4.4 lakh shares at Rs 564
Sigachi Industries
Dharm Prakash Tripathi (director) sold 1.54 lakh shares at Rs 317
CORPORATE ANNOUNCEMENT
Apex Frozen Foods
SEBI imposed penalty on promoters and Key Managerial Person in connection with trading of shares of the company during period from September 2017 to February 2018.
Gensol Engineering
To enter into Electric Vehicles Manufacturing Facility. Acquired 58% stake in Gensol Electric Vehicles Pvt. Ltd.
Crude steel production up 41% QoQ, while DRI production down 10% QoQ
Crude steel sales up 24% QoQ, while DRI sales down 9% QoQ
Steel production and sales aided by NINL
DRI production and sales down as one of the units started operating as a conversion unit for Tata Steel
Tata Steel Q3FY23 Provisional Updates
India production up 4%, while deliveries down 3.7% QoQ
Europe production down 6%, while deliveries up 5% QoQ
Thailand production down 10%, while deliveries down 3% QoQ
Product mix improved in Q3FY23 for India business
Titan Q3FY23 Updates
12% growth overall aided by healthy consumer demand owing to festive season
Company added 111 stores across watches, jewellery, eyecare and emerging businesses, while 18 stores in CaratLane.
Jewellery
11% growth owing to new buyer growths in festive period and higher value purchases in the studded category
Watches & Wearables
14% growth led by strong traction in the wearables space
Added highest number of stores across segments
Emerging Businesses
Fragrances & Fashion Accessories grew 39% led by growth in fragrances
Indian Dress Wear (Taneira) sales grew 150% driven by new store openings and healthy double digit growth from existing stores
Asian Paints
Approved setting up new water-based paint manufacturing facility with a capacity of 4 lakhs kilolitres per annum at an approximate investment of Rs 2,000 crore.
The manufacturing at the facility is expected to be commissioned in 3 years, after acquisition of land.
The Company is exploring the possibility of making this investment and setting up the manufacturing facility in the state of Madhya Pradesh
Gujarat Gas
Dealers indicate IOCL – large propane supplier in Morbi region – has cut prices by Rs 0.5/scm
Prices of propane supplied by IOCL stands at Rs 46.1/scm Vs Gujarat Gas’ gas price of Rs 46.4/scm
Propane players are guiding for another price of Rs 3/scm in February given the decline in global prices
Analysts suggest Gujarat Gas might need another round of price cut to get additional volumes
Alert:- Gujarat Gas has cut gas prices by Rs 12/scm in last one month
Biocon
Company says USFDA asks for additional data and an expectation of a satisfactory implementation of a CAPA plan for the Insulin-R product filed by Biocon Biologics. Company is process of addressing the response letter of USFDA.
Ashoka Buildcon
Received LoI for two projects from Dakshinanchal Vidyut Vitran Nigam worth Rs 807.6 cr.
NR Agarwal
One of the units manufacturing duplex board has been permanently shutdown. The unit contributed Rs 213 cr in revenue in FY22 – 13% of revenue. The unit was shut owing to market conditions not favourable, non-receipt of orders on time, increase in raw material prices on daily basis and non-viability due to detoriating condition of machine.
Religare Enterprises
Vijayalakshmi Iyer as Non-Executive Independent Director resigned. No material reason behind resignation says company.
LIC and IDBI Bank
Multiple EoI received for Govt and LIC Stake in IDBI Bank
The transaction will now move to the second stage
Loans and Advances grew 5% QoQ
Total deposits grew 3% QoQ
CASA deposits declined 8% QoQ
CASA ratio fell to 36.4% vs 40.8% in Q2FY23
Collection efficiency improved to 98% vs 97% QoQ
Customers with savings deposits of over Rs 2 cr moved it to term deposits
PHOENIX MILLS
Monthly business update
Retail consumption in Dec 2022 at 122% of Dec 2019 levels
Retail consumption in 9M FY23 at 127% of 9M FY20
Strong consumption revival
Q3FY23 quarterly consumption 28% higher than q3fy20
Leased occupancy up across malls
St. Regis: Highest ever gross revenue in December 2022, surpassing the previous high recorded in November 2022
JK CEMENT
JK Paints & Coatings Limited, WOS, has initially/at first tranche invested an amount of INR 153 Crores and completed the acquisition of 60% equity of Acro Paints Ltd
GLAND PHARMA
proposed acquisition of 100% stake in Phixen SAS (doing business as ‘Cenexi’)
LUPIN
Lupin Receives Approval from U.S. FDA for Fesoterodine Fumarate Extended-Release Tablets
DB REALTY
Company has been issued a Show Cause Notice dated 02 January, 2023 (received by the Company on 05 January, 2023) under Sections 11(1), 11(4), 11(4A), 11B(1), 11B(2) read with Section 15HA of the Securities and Exchange Board of India Act, 1992 (“SEBI Act, 1992”) under Section 12A(2) read with Section 23A(a), 23H of Securities Contracts (Regulations) Act, 1956 (“SCRA, 1956”) from the Securities and Exchange Board of India. The said Notice states that various KMPs/Non Independent Directors for the relevant period as specified therein have also been issued Notices for alleged violations of Sections as stated in it
Section is for restricting trading of securities on the exchange
ANDHRA PAPER
NATIONAL FERTILIZER
Records sale of 49.7lakh MT from April to Dec vs 39.25lk MT
SBI CARD
Board approved re-appointment of Mr. Rama Mohan Rao Amara for 1 more year
HI-TECH PIPES LTD.
Signed ‘MOU’ with government of Uttar Pradesh to set up a mega manufacturing faciilty of steel tubes & pipes and flat steel processing (proposed investment: Rs. 510 cr.)”
FROM AGENCIES
Indian government gets bids for majority stake in IDBI bank
Mercedes sees good times coming in India despite currency concern
Google Challenges India Android Antitrust Ruling In Supreme Court: Reuters
Apple Starts Hiring Retail Store Workers In India: FT
India Now World’s 3rd Largest Auto Market After China And US: Report
SEBI: AMCS May Give Mgmt, Advisory Services To Fpis From Ifscs
INDIA FOREX RESERVES RISE $44.0M TO $562.9B AS OF DEC. 30
Amazon Layoffs to Impact Around 1,000 Staff in India
India Yet to Give Quality Approval for 160 Chinese Toy Sellers
SEBI Issues Operational Circular For Credit Rating Agencies
Global Updates: From Agencies
McCarthy breaks GOP stalemate to win house speaker on 15th vote
Rbi Governor Warns Of South Asian Debt Distress: Ft
Rbi Says India Fx Reserves At ‘Very Comfortable Level’: Ft
Das Says Fx Interventions Aiming For ‘Orderly Depreciation’: Ft
PTI: Agencies
ADANI Group is said to have initial interest in PTC stake sale
Other conglomerates may also bid for india-backed power trader
Bids for minority stake in PTC India due as early as this month
INSIDER TRADE
ANALYST MEETS
DRL to attend JP Morgan Healthcare at San Francisco
Safari to meet with AB Sun Life Insurance on 9th Jan
AEGIS will interact with analysts / investors on 9-10 Jan
Aavas Financiers met Sundaram MF on 6 Jan
Tata Steel to meet ICICI Pru Life on 9 Jan
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