The government could consider reducing the exceptional tax on petrol and diesel
Events today
MRPL consider raising funds to meet minimum public shareholding requirements
Opening of Marksans Pharma takeover bid
Results
L&T Technology Services
Jindal Steel & Power Ltd
Just Dial Ltd
Oberoi Realty Ltd
Kesoram Industries
AGM
Overseas Indian Bank (11 a.m.)
Whirlwind of India (11 a.m.)
Rossari Biotech (11 a.m.)
Bank of India (12 p.m.)
L&T Technology (4:30 p.m.)
Oil and Gas Updates
Brent crude at $99.6/bbl vs. $99.5/bbl
Singapore GRM at $8.8/bbl vs. $11.4/bbl
Asia spot gas price at $39.2/mmBtu vs. $39 mmBtu
Securities transaction
None
DII/FII data
FII purchased Rs 309.06 cr net worth of shares on July 14 (prov)
Net DIIs sold for Rs 556.4 cr of shares on July 14
FII F&O cash data:
Net sale of index futures Rs 602 cr
Net index options buy Rs 7037 cr
Net forward sale on shares Rs 473 cr
Net sale of stock options Rs 76 cr
Total FII net buys Rs 5886 cr in F&O
F&O Ban
Delta Corporation
Bundle/Bulk Offer
Neogen Chemicals
Plutus Wealth Management bought 1.25lk of shares at 1,300
Company announcements
Cons rev of `4468cr vs `3885cr ops up 15% YoY
PAT `227cr vs `569cr down 60% YoY
EBITDA `426cr vs `869cr down 51% YoY
EBITDA margin 9.5% vs. 22.3%
RESULT: Q1FY23
Rev `725.9cr vs `681.7cr up 6.5% qoq
PAT `184.7cr vs `160cr up 15.4% qoq
EBITDA up 7.6% quarter-on-quarter and 58.8% year-on-year to 238.2 Cr
Co says enters second quarter with strong backlog and healthy pipeline
TATA Steel Long Products
Rev of operations `1994cr vs `1687cr, up 18% YoY
Loss `331cr vs PAT `331cr yoy
Rising RM costs and inventory write-downs weighed on earnings
Higher interest charges due to NINL acquisition led to higher losses
angel one
Cons rev of ops `670cr vs `462cr, up 45% YoY
PAT `181cr vs `121cr, up 50% YoY
Global equity market share 20.8% vs 21% q/q
Global F&O market share 20.8% vs. 21.1% q/q
Gross addition of 1.3mn customers down 14.4% q/q
10.4mn customer base up 13%
Others
Embedded Value approved at Rs 5.41lk cr as of March 31, 2022
EV stands at Rs 5.4lk cr vs Rs.95k Cr yoy (vs Rs 5.39lk cr QoQ)
RoEV March 22 11.9% vs. 36.9% March 21
March 2022 VNB margin is 15.1% vs. 9.9% YoY
VNB stands in March 2022 at `7619cr against `4167cr yoy
SecureKloud Technologies
Healthcare Triangle Announces Closing of $6.5 Million Private Placement
Renewable energies Borosil
Approves the preferential issue of 26.62lk shares @ Rs 674.52/sh totaling ~Rs.179cr to HSTG Glasholding Gmb
The council approved the resolution for fundraising by the company, up to Rs. 1100 credits
The board is planning to revise the cost to Rs.688 cr from Rs.600 cr in respect of the company’s third furnace i.e. SG-3 being installed at the facilities of the Gujarat
Obtains approval from German authorities for proposed agreement with Glasmanufaktur Brandenburg GmbH
BEML
Got Rs 262cr worth dim order for 88 MEMU cars
Syngene International
signs 10-year organic manufacturing agreement with animal health leader Zoetis
angel one
Dinesh Radhakrishnan takes over as Chief Product & Technology on July 15
cipla
Cipla Health signs agreement to acquire Endura Mass. Did not disclose the cost of acquisition.
Vedanta
The Board of Directors meets on July 19 to consider the dividend. The dividend record date would be July 27.
Himadri specialty
To raise Rs 507.9 cr by issuing warrants of 7.25 cr at Rs 70. Warrants will be issued to the promoter and certain non-promoter entities.
Other news
Edelweiss on metal prices
The price of HRC on the traders’ market stabilized this week at Rs 59,450/t on average after falling for thirteen consecutive weeks
Due to lower coking coal and iron ore prices, the spot commodity (RM) spread improved to Rs 31,705/t – its highest level in the past three months
Channel checks indicate retail buyers remain on the sidelines, expecting further price declines – mirroring lower coking coal prices
FMCG – HUL, Godrej Consumer, Britannia, Nestlé
Palm oil sale continues on rising Indonesian exports, talks of tax cuts
So far in July, palm oil prices are down 29%
Prices fall back to 1-year low
Adani Ports
Gadot and Adani Ports have won the government’s tender to buy Haifa Port with a bid of NIS 4.1 billion, Israel’s Finance Ministry said.
India warns states to prepare for possible monkeypox outbreak
Kerala confirms first case of Monkey Pox
Insiders
| Companies | Category | Number of actions | Activity |
| First-source solutions | Employee trust | 69,938 | Sold |
| chemical mangalore | promoter | 4,500,000 | Promise released |
Investor/analyst meeting
Vakrangee Ltd publishes the presentation to investors of the analyst/investor meeting held from July 11 to 14
SRF will participate in the investor/analyst conference on July 22
Meeting between Sterling Tools and TATA AIA Life Insurance Co on July 14
LIC investor/analyst call on July 15
Windlas Biotech meets Investors/Analysts on July 18
Cyient earnings call on July 21
TATA communication gain call on July 21