Events Today
FADA to launch retail automobile registrations for June
Rama Steel Tubes – board meet to contemplate acquisition
Oil & Gas Updates
Brent Crude all the way down to $113.5/bbl Vs $111/bbl
Singapore GRM as much as $23/bbl Vs $22.1/bbl
Asia Spot Gas costs steady at $38.7/mmBtu
Corporate Action
Nothing Major
DII/FII knowledge
FIIs web bought value Rs 2149 cr of shares on July 4 (prov)
DIIs web purchased value Rs 1688 cr of shares on July 4
FII F&O Cash Data:
Index futures web promote Rs 615 cr
Index choices web purchase Rs 1482 cr
Stock futures web promote Rs 358 cr
Stock choices web promote Rs 106 cr
Total FII web purchase Rs 404 cr in F&O
F&O Ban
Nil
Bulk/Block Deal
Nothing Major
Corporate Announcements
Q1FY23 Updates
Vedanta
Q1 Total Aluminum Production (`000 tonnes) 565 vs 549, up 3% YoY
Q1 Total Mined Metal (`000 tonnes) 68 vs 61, up 11% YoY
Integrated Zinc manufacturing elevated 10percentYoY to 206,000 tonnes
Total deposits grew 6% on YoY foundation, whereas it remained flat on QoQ foundation
Total advances grew 7% on YoY foundation, whereas it remained flat on QoQ foundation
Retail advances de-grew 5% YoY and three% sequentially whereas wholesale advances grew 22% YoY and 4% sequentially
The mixture of retail: wholesale advances was approx. 51:49.
Asset high quality parameters continues to see enchancment, consistent with the enhancing pattern of the previous few quarters
South India Bank
Total Deposit 88202cr vs 84611cr, up 4% YoY
CASA 30340cr vs 25725cr, up 18% YoY
CASA Ratio 34% vs 30%
Others
HDFC
Received ‘no objection’ letter from the Reserve Bank of India for the proposed merger of HDFC-HDFC Bank. The merger plan stays topic to numerous statutory and regulatory approvals together with India’s antitrust company and firm court docket in addition to shareholders and collectors concerned with the businesses.
Received 2 observations on FDA Form 483 with respect to ANDA filed for the product to be manufactured at Indore plant. There is not any knowledge integrity remark.
Completes acquisition of Neelachal Ispat Nigam Ltd via its step-Down Subsidiary, Tata Steel Long Products
Aggregate consideration paid by TATA Steel lengthy merchandise Rs. 12,100 cr
Emami
Raises stake in Brillare has been from 72.02% to 77.53%
TCS
TCS says firm will defend its place earlier than Appeal Court. US District Court for Western District of Wisconsin handed an order decreasing the jury award of punitive damages to $ 140 mn
This case has been ongoing since 2014. It began with claims of $940 mn damages – have been decreasing over multiples appeals and is now all the way down to $140 mn. The firm has already made provisions of $165 mn.
Jyothy Labs
M. S. Srihari, M. D. Jithin and M. D. Geetha would be the members of the Company’s ‘Promoter Group’
Also, M P Sidharthan HUF and M P Divakaran HUF has ceased to be the ‘member of the Promoter Group’
Life Insurance Corp
Received approval for investing within the proposed Rights challenge of LIC (Nepal) Ltd value NPR 127.07 Cr (~ 81cr INR)
Marico
Company has now acquired a further stake of 4.14% of the fairness capital of Apcos Naturals, thereby growing its fairness stake to 56.52%.
Other News
India bars eating places from including service cost robotically
From Bloomberg
Tech Mahindra
Opens Campus In Coimbatore, Aims To Hire 1,000
Kotak Mahindra Bank and IndusInd Bank
RBI Imposes Rs 1.05 cr Penalty On KMB For Non-Compliance
RBI Imposes Rs 1 cr Penalty On IIB For Compliance Deficiency
Insiders
Companies | Category | No. Of Shares | Activity |
Nilkamal | Promoter | 313 | Bought |
Eclerx Services | Employee Trust | 1,207 | Bought |
PSP Projects | Promoter Group | 25,000 | Bought |
Dr. Lal PathLabs | Designated Person | 1,550 | Sold |
Tanla Platforms | Designated Person | 3,000 | Sold |
IIFL Wealth | Employee | 4,064 | Sold |
Nippon Life | Designated Person | 4,998 | Sold |
Gland Pharma | Designated Person | 12,050 | Sold |
Chambal Fertiliser | Promoter | 219,875 | Pledged |
Aurobindo Pharma | Promoter | 1,700,000 | Pledged |
Investor/Analysts Meet
Firstsource Solutions assembly with host of buyers on 7,10,16,17,28 and 30 June
KIMS to fulfill host of buyers from 5-7 June
TATA Motors assembly with ICICI Prudential Asset Management on 6 July
SBI assembly with Cooper lnvestors on July 4
Nazara Tech assembly with host of buyers on 5 July
Jubilant Ingrevia assembly with host of buyers on 5 July