Stocks in News*


*TCS:* Company to consider Buyback of shares on January 12th, 2022. (Positive)

*SIS:* Company has completed the acquisition of remaining 49% shareholding of Platform 4 Group Limited (Positive)

*KEC International:* Company wins New Orders of Rs. 1,025 crores (Positive)

*Biocon:* US FDA issues a CRL for the Biologics License Application (BLA) for Insulin Aspart filed by our partner Viatris (Positive)

*Century Plyboards:* To invest Rs 28 cr in arm Century Panels (Positive)

*Reliance Industries:* RIL’s JIO IPO expected to hit markets this year according to ET (Positive)

*Oberoi Realty:* Provisional booking value at Rs 1,965 cr vs Rs 971 cr YoY (Positive)

*Sobha Ltd:* Reports Q3 sales volume at 1.32 mn sq ft valued at Rs 1,048 cr (Positive)

*Filatex India:* Penguin Trading & Agencies bought 25,85,700 equity shares in the company at Rs 117 per share on the NSE (Positive)

*Tata Steel:* The company increased stake in Medica TS Hospital from 26 percent to 51 percent (Positive)

*Dilip Buildcon:* Subsidiary Sannur Bikarnakette Highways Private Limited has received the financial closure letter from the NHAI (Positive)

*Avenue Supermarts:* The company reported 24.6 percent higher standalone profit at Rs 586 crore, and 22 percent higher revenue at Rs 9,065 crore in Q3FY22, YoY. (Positive)

*Equitas Holdings:* To divest unit Equitas Technologies, names SBI Capital for advisory (Positive)

*Reliance Industries:* RIL announced the acquisition of New York's premium luxury hotel Mandarin Oriental for $98.15 million (Positive)

*Mahanagar Gas:* The company has hiked CNG price by Rs 2.50 to Rs 66 per kg and PNG by Rs 1.50 to Rs 39.50 per SCM. (Positive)

*CSB Bank:* C VR Rajendran decided to take early retirement from the post of MD & CEO (Neutral)

*ICICI Bank:* Says gets RBI approval for reappointing Bagchi as exec director (Neutral)

*Federal Bank:* To consider raising up to INR7b via bonds '(Neutral)

*Tata Steel:* 3Q India Steel Output Rises 1.5% Q/Q, Europe Flat (Neutral)

*Motherson Sumi:* Sets Jan. 17 as record date for demerger of its domestic wiring unit (Neutral)

*Zee Learn:* Morgan Stanley Asia (Singapore) Pte - ODI sold 19,90,685 equity shares in the company at Rs 19.18 per share (Negative)

*Vishwaraj Sugar:* S K Growth Fund sold 10 lakh shares in the company at Rs 25.35 per share on the NSE. (Negative)

*Cyient:* Aditya Birla Sun Life AMC sold 21.16 lakh equity shares in the company via open market transactions on January 6. (Negative)

*Kotak Mahindra Bank* and Bharatpe co-founder Ashneer Grover find themselves in the middle of a clash with both sides threatening action. (Negative)

*InterGlobe Aviation:* The airline said it will cancel around 20 percent of its flights because of the surge in COVID-19 cases (Negative)

Nifty 17800 CALL OPTION 13th January at 170, can hold position for TGT 240.0 with SL 120.0 (09.40)

Nifty Bank 37800.0 CALL OPTION 13th January at 510, can hold position for TGT 780.0 with SL 340.0 (09.40)

*GTPL HATHWAY:* CO PARTNERS WITH APRECOMM TO BRING INNOVATION TO CUSTOMER EXPERIENCE WITH NETWORK INTELLIGENCE (SUPPORTIVE FOR STOCK PRICES)

Nifty 17800 CALL OPTION 13th January book partial at 210, can hold position for TGT 240.0 (10.01)
Nifty Bank 37800.0 CALL OPTION 13th January book partial at 601 , can hold position for TGT 780.0 (10.01)

KELLTONTECH
LOOKING Good Above 83
SL 72
Target 85-88-90-93-95-100

#BusinessNews - L&T receives a third order for the Mumbai-Ahmedabad bullet train project.

Read: https://ipoinfo.co.in/larsen-toubro-lt-has-received-a-third-order-from-the-national-high-speed-rail-corporation-ltd/

*Sector Update*

Textile stocks seen Buying move and trading at day’s high.

*Top Picks*

ARVIND CMP 135.0 Support 132.0 TGT 142.0
BOMBAY DYIENG CMP 115.8 Support 112.0 TGT 121.0
GRASIM CMP 1810.0 Support 1790.0 TGT 1840.0
CENTURY CMP 960.0 Support 941.0 TGT 988.0

Stock Update: *TRIVENI* At 52 week high as price pierced 253.0 levels, Support 248.0 TGT 260.0

*Tradable Stocks in News*


*AuroPharma* initiated talks with PE players to sell a stake of around 30-35% in its injectable biz for ₹4,500-5,250 cr-- ET reports (Positive 730.0 Support 720.0 TGT 766.0)

*HDFC Life:* Rev up 56% MoM to Rs 2,974 cr (Positive 660.0 Support 655.0 TGT 672.0)

CLSA on *ABFRL:* Maintains Buy on company, raise target price at Rs 355/Sh (Positive 290.0 Support 287.0 TGT 302.0)

Jefferies on *Hindalco:* Maintains Buy on company, target price at Rs 660/Sh (Positive 490.0 Support 486.0 TGT 499.0)

*Indo Count Industries:* ICRA has upgraded its credit rating for the company's long term bank facilities (Positive 260.0 Support 257.0 TGT 268.0)

*PB Fintech:* Company posts 67% YoY growth in insurance premium in Q3. (Positive 897.0 Support 888.0 TGT 918.0)

*Axis Bank:* Axis Bank said it has executed transaction for Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes on Secured Logistics Document Exchange (Positive 738.0 Support 730.0 TGT 751.0)

*Unichem Lab:* Porinju Veliyath-owned Equity Intelligence India acquired 54,850 equity shares (Positive 273.0 Support 270.0 TGT 281.0)

*Spandana Sphoorty:* The company's board has approved raising up to Rs 300 crore (Positive 393.0 Support 390.0 TGT 405.0)

*One 97 Communications:* During Q3 FY 2022, the value of loans disbursed through the platform was Rs 2,180 crore, an increase of 365 percent YoY (Positive 1154.0 Support 1138.0 TGT 1188.0)

#stockmarketnews - Top ten things you should know before the market opens today

Read:https://ipoinfo.co.in/top-ten-things-you-should-know-before-the-market-opens-today/

*VODAFONE IDEA* SHARES DOWN 14.72% IN OPENING TRADE POST NEWS RELATED TO EQUITY CONVERSION

🚀🚀🚀🚀🚀 made high 88.60

*AUROBINDO PHARMA:* CO ANNOUNCES THAT CO SUBSIDIARY HAS EXPANDED THE SCOPE OF ITS MARKETING AND DISTRIBUTION AGREEMENT WITH ORION CORPORATION (ORION) TO COMMERCIALIZE ITS BIOSIMILARS PIPELINE TO INCLUDE THE BALTIC STATES IN EUROPE. (SUPPORTIVE FOR STOCK PRICES)

*MARKSANS PHARMA:* CO ANNOUNCES FINAL APPROVAL FOR CETIRIZINE HYDROCHLORIDE TABLETS 5 MG AND 10MG FROM US FDA. (SUPPORTIVE FOR STOCK PRICES)

*Sector Update*

Railway stocks seen Buying move and trading at day’s high.

*Top Picks*

RITES CMP 276.0 Support 272.0 TGT 286.0
RAILTEL CMP 121.0 Support 119.0 TGT 126.0
TEXRAIL CMP 38.5 Support 37.0 TGT 42.0
IRCON CMP 47.0 Support 46.0 TGT 50.0

*Tradable Stocks in News*


*Federal Bank:* Fedbank Financial Services board approves initiating IPO process. (Positive 95.0 Support 93.0 TGT 100.0)

*UltraTech Cement;* Commissions line II of Bara grinding unit with 2 MTPA capacity in UttarPradesh (Positive 7590.0 Support 7542.0 TGT 7680.0)

*Delta Corp:* Net Profit at Rs 70.4 crore versus Rs 12.8 crore YoY (Positive 280.0 Support 277.0 TGT 288.0)

*PI Industries:* Life Insurance Corporation of India acquired 72,000 equity shares in the company via open market transactions on January 10 (Positive 2860.0 Support 2832.0 TGT 2920.0)

*IRFC:* The company has appointed Joint Lead Managers and Joint Bookrunners for its $700 crore global medium-term note programme. (Positive 22.0 Support 25.0 TGT 21.0)

*Container Corp:* Says 3Q volumes up 6.8% y/y. (Positive 643.0 Support 635.0 TGT 660.0)

*Tata Consumers:* Appoints Gharry Eccles as President- International Business (Positive 735.0 Support 728.0 TGT 758.0)

JP Morgan on *NMDC:* Upgrades to Overweight on company, target price at Rs 210/Sh (Positive 135.0 Support 132.0 TGT 142.0)

Macquarie on *SBI Cards:* Maintains Outperform on company, target price at Rs 1230/Sh (Positive 880.0 Support 871.0 TGT 910.0)

Jefferies on *Varun Beverages:* Maintains Buy on company, target price at Rs 1215/Sh (Positive 865.0 Support 854.0 TGT 888.0)

CLSA on *Sun Pharma:* Maintains Buy on company, target price at Rs 1100/Sh (Positive 830.0 Support 820.0 TGT 860.0)

CLSA on *Bharat Forge:* Downgrade to Sell on company, cut target price at Rs 690/Sh (Negative 771.0 Resistance 776.0 TGT 758.0)

NIFTY BUYING ZONE SUPPORT 17850 AND SELLING ZONE 18480. AND BANKNIFTY BUYING ZONE 38080 AND SELLING ZONE 38888

*Sector Update*

Chemical stocks seen Buying move and trading at day’s high.

*Top Picks*

TATACHEM CMP 985.0 Support 975.0 TGT 1025.0
SRF CMP 2560.0 Support 2521.0 TGT 2640.0
DEEPAKNTR CMP 2610.0 Support 2575.0 TGT 2660.0
GHCL CMP 410.0 Support 401.0 TGT 432.0
GNFC CMP 451.0 Support 445.0 TGT 467.0

*POWERGRID:* LIC BOUGHT 7.5% STAKE IN CO DURING Q3 (SUPPORTIVE FOR STOCK PRICES)

We were the first to give out this Call.
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