Stock market essentials for November 22: Adani Group to launch open offer for NDTV
Photo : BCCL
Events Today :
New Listing:
Kaynes Technology
IPO Price: Rs 587/-
Syrma SGS anchor lock-in opens; around 3% of equity out of lock-in
Nykaa Block deal today : Lighthouse Seeks to sell 1.86 cr shares in Block Trade at maximum 2% discount
Corporate Action
Vedanta to consider and approve Third Interim Dividend
Last day to buy Hindustan Zinc to be eligible for dividend – 4.7% dividend yield
Last day to buy Maharashtra Seamless to be eligible for bonus issue (1:1)
Last day to buy Mindtree prior to amalgamation (Record Date: Nov 24)
Mindtree –L&T Infotech MSCI Adjustment
Mindtree to be deleted
L&T Infotech to move to MSCI Global Standard Large Cap from MSCI Global Standard Mid Cap
Mindtree – outflow – $150-160 million – 6.2x average daily volume
L&T Infotech – inflow – $120-140 million – 6x average daily volume
Oil & Gas Updates
Brent Crude at $87.5/bbl Vs $88/bbl
Singapore GRM at $9/bbl Vs $8.3/bbl
Asia Spot Gas prices at $27.3/mmBtu Vs $26.3/mmBtu
FII/DII Data:
FIIs net sell shares worth Rs 1594 cr on Nov 18
DIIs net bought shares worth Rs 1263 cr on Nov 18
FII F&O Cash Data:
Index futures net sell Rs 761 cr
Index options net sell Rs 1068 cr
Stock futures net buy Rs 194 cr
Stock options net buy Rs 405 cr
Total FII net sell Rs 1230 cr in F&O
F&O Ban:
GNFC, IndiaBulls Hsg, PNB, SunTV
Addition: Escorts
Removed: Blarampur Chini, BHEL, Delta Corp
Bulk/Block Deal:
Quant Money Managers Limited Bought Archean 650000 @ 452.59
Ca Swift Investments Sold Delhivery 18404607 @ 330.02
Morgan stanley asia (singapore) pte. Bought Delhivery 4854607 @ 330
Saint Capital Fund Bought Easemytrip 2200000 @ 52.
CORPORATE ANNOUNCEMENT
Lupin
Lupin Foundation Signs MoU with the Government of Rajasthan to strengthen Healthcare system
MoU to address the prevalence of Cardiovascular Disease (CVD) and Chronic Obstructive Pulmonary Disease (COPD)
Blue Star
Kotak Mahindra Mutual Fund has acquired 0.66% of stake in Blue star taking the total stake to 5.04%
Housing Development Finance Corporation
To issue 7.79% secured redeemable NCDs on private placement basis at an issue size of Rs. 1900 crore
The proceeds will be utilized for financing / refinancing the housing finance business requirements
Bid will open on 23rd November 2022 and Redemption date is on 24th November 2032
Power Finance Corporation
Incorporated 2 Special Purpose Vehicle (SPV’s) for development of Independent Transmission Projects
SPVs have been incorporated as WoS of PFC Consulting Limited, a wholly owned subsidary of PFC
Shriram City Union
Record date for the purpose of Merger/HiveOff is November 30, 2022
Diamond Power Infra
To seek shareholders’ nod to raise borrowing limit to Rs 3000 cr
Vodafone Idea
Special resolution for Issue of securities on preferential basis was passed at the EGM
UCO Bank
Central Government appointed Shri Rajendra Kumar Saboo, Chief General Manager, Punjab National Bank as Executive Director in UCO Bank for a period three years
Kirloskar Electric Company
Company’s unit situated at Govenahalli has extended partial lay-off for 36 workmen out of 148 total workmen for a period of 60 days
MIC Electronics
Received order of Rs. 2 Crore from Ratlam Division S and T, Ratlam, Madhya Pradesh, (Western Railway)
Dhunseri Tea & Industries
Canara Bank
Thomas Cook
Announced the opening of its new wildlife resort in Pench National Park.
Resort boasts of a variety of stay experiences with 22 premier rooms, cottages, mud houses
Hi Tech Steel Pipes
Board Meeting on 24th November to consider fund raising through preferential issue of securities
Indian Bank
Central Government appointed Shri Mahesh Kumar Bajaj, General Manager, Indian Bank as Executive Director in Indian Bank
JK Paper
Board approved acquisition of Horizon Packs Pvt. Ltd. (HPPL) and Securipax Packaging Pvt. Ltd- (SPPL)
Acquisition to facilitate expansion of corrugated packaging business in terms of volume
85% shares of each of the entities to be acquired within 3 weeks of SPSHAs
Balance 15% to be acquired within a period of 3 years as per the respective SPSHAs.
In FY22, HPPL and SPPL had a consolidated Revenue of Rs. 832 Cr
Purchase consideration for acquisition of 85% of equity shares
HPPL will be Rs. 19.33 per equity share of Rs. 10 each and of SPPL will be Rs. 1256.95 per equity share of Rs. 100 each
Praveg Communication
Has received a Work Order from Department of Tourism for Development, Operation, Maintenance and Management of Tent City at Jampore Beach, Daman.
Biocon
Biocon Biologics (subsidiary of Biocon) have executed a Debt Facility Agreement amounting to US$1.2 billion
The proceeds shall be used for funding the acquisition of Viatris Inc.’s biosimilars business
Jubilant FoodWorks
Jubilant FoodWorks International Luxembourg, a step down wholly owned subsidiary of the Company approved incorporation of a wholly owned subsidiary company in Nepal.
Indian Bank
Reported Borrowal fraud exposure if ~60 cr( provided for ~52 cr)
BOB
Shri Lalit Tyagias Executive Director of Bank of Baroda for a period of three years
Union Bank
Shri Ramasubramanian S. assumes charge as Executive Director
Route Mobile
Route Mobile Limited Strengthens Its Presence In The Gcc (Gulf Cooperation Council) With Entry Into The Kingdom Of Saudi Arabia With Citc License Win”
Sadbhav Infrastructure Project
Mr. Rohit Modi as Chief Executive Officer (CEO) of the Company in the category of Key Managerial Personnel w.e.f. 21st November, 2022.
Resignation of Mr. Nitin R. Patel Director of the Company with immediate effect
Resignation of Mr. Vasistha C. Patel, Managing Director of the Company with immediate effect
SADBHAV ENGINEERING LTD. –
Mr. Rohit Modi has been appointed as Chief Executive Officer (CEO) of the Company in the category of Key Managerial Personnel w.e.f. 21st November, 2022.
WELSPUN INDIA/FROM AGNCIES
Approved sale of 2 units to MGN Agro Properties
FROM AGENCIES
Aurobindo Pharma aims to complete `2000 cr Pen-G plant in AP by March’24
Srcs say Elon Musk fires more Twitter sales staff to balance workforce: Agencies
Saudis deny report of discussions about OPEC+ oil-output hike: Agencies
India’s Big Plans for Cleaner Jet Fuel Face a String of Hurdles
India, EU ink pact on climate, quantum tech
Infra sector seeks public expenditure hike, GST rationalisation from FM Sitharaman
India Cancels Air Suvidha Forms For International Passengers
India, UK trade treaties to be ticked off
India’s Ethanol Output Set to Hit Record High in 2023: ISO
FSSAI proposes regulations for genetically modified food: PTI
Asset monetisation of `33,422 cr in FY23 so far, Coal Min leads with `17000 cr
Punjab Govt to install 300-megawatt solar power project
Tim Hortons plans to open 120 stores in next 3 years
Jio gets NCLT approval to acquire Reliance Infratel: PTI
India Announces Rules to Curb Fake Online Reviews
India’s food service market to reach USD 79.65 bn by 2028: Report
INSIDER TRADES
ANALYST MEET
Dabur will be participating Kotak’s KIE India Consumer Forum on 22nd November 2022 at Trident Hotel
GMM Pfaudler will be participating in non-deal roadshows between Nov 22- Dec 05th in Singapore, UK and USA
Polycab will be meeting investors at Kotak India Consumer Forum and InCred Capital on 22nd November
Kabra Extrusion will be meeting JP Morgan, Phillips Capital and other group of investors on 22nd November
PI Industries will be meeting investors on November 22, 25th and 29th 2022
Rushil Decor will be meeting Param Capital on 22nd November 22
Hindware Home Innovation will be meeting a group of investors on 22nd November 22
Mahindra Holidays will be meeting Enam, Monarch on 24th Nov and other investors on 28th Nov
Brookfield to hold Analyst Meet and Asset tours between November 21 to November 23, 2022
Global Health will be meeting JM Financial Family Office on 22nd November
Rail Vikas Nigam will be meeting Investors between 22nd Nov till 30th November
IEX will be meeting group of investors between November 22- 24th 2022
IndusInd BankWill host an Investor Day Meet for buy-side analysts on November 22 , 2022 at Mumbai.
Sapphire Foods will be participating in Kotak Institutional Equities Consumer Forum 2022 on November 22
Syngene International to meet C Worldwide Asset Management on 23rd November
Tinna Rubber to meet investors for plant visit on Tuesday, November 22nd, 2022
Crisil will meet UTI MF on 25th November
Titan to meet HSBC Asset, Morgan Stanley and other group investors between 22nd Nov – 01st December
State Bank of India to meet investors at a conference organized by Motilal Oswal on 22nd November
