Sector Update*

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

*Top Picks*

HINDOIL CMP 187.0 Support 183.0 TGT 196.0
SELAN CMP 133.0 Support 130.0 TGT 140.0
TAMILPETRO CMP 114.8 Support 111.0 TGT 122.0
JINDAL DRIL CMP 134.0 Support 131.0 TGT 140.5
ONGC CMP 142.2 Support 140.0 TGT 147.0

*BAJAJ AUTO:* Company to hike prices while to launch EV (Supportive for stock prices)

#Mutualfund - Nippon India Mutual Fund launches Nifty Auto ETF


Read - https://ipoinfo.co.in/nippon-india-mutual-fund-launches-nifty-auto-etf/

Nifty 17400 CALL OPTION 06th January TGT 230 has been achieved, can hold position for TGT 288.0

Nifty Bank 35500.0 CALL OPTION 06th January TGT 680.0 has been achieved, can hold position for TGT 820.0

Stocks in News*


*Maruti:* December production has seen at 152029 units versus 155127 units YoY (Positive)

*Hindustan Zinc:* Company recorded highest ever production of saleable metals during Q3 (Positive)

*Vedanta:* The company announced total aluminium production at 5.79 lakh tonnes for Q3FY22, up 16 percent from 4.97 lakh tonnes in Q3FY21. (Positive)

*Borosil:* Additional investment in Subsidiary Company by way of subscription towards Rights Issue. (Positive)

*Tata Power:* Sanjeev Churiwala joins Tata Power as the new Chief Financial Officer (Positive)

*HDFC:* Loans sold in the preceding 12 months amounted to Rs 27,591 crore (Previous Year: Rs 16,956 crore ) (Positive)

*Ajmera Realty: To Build High End Residence in Juhu, Focusing On Urban Rejuvenation" (Positive)

*GAIL India:* Company to pay Rs 4/share as dividend. (Positive)

*Pfizer:* The US Food and Drug Administration has approved the use of Pfizer-BioNTech COVID-19 vaccine for those aged 12-15 years (Positive)

*Lemon Tree:* Goldman Sachs (Singapore) Pte has bought 30 lk shares, representing 0.38% stake in Lemon Tree Hotels. (Positive)

*Granules:* Board has appointed Kandiraju Venkata Sitaram Rao as joint managing director and chief executive officer from Jan 5 (Positive)

*Dilip Buildcon:* Got order worth Rs 2,680 cr from Coal India arm (Positive)

*Hero MotoCorp:* To raise prices of two wheelers upto Rs 2000 (Positive)

*KIMS:* Goldman Sachs (Singapore) Pte.- ODI acquired 72,009 equity shares in the company at Rs 1,425.65 per share (Positive)

*Sugar Stocks:* Sugar Output in India Rises 4.3% in Quarter Ended December: ISMA (Positive)

*Mirza:* Promoters bought 1 lakh shares of Company. (Positive)

*Wockhardt:* To consider various fund raising options (Positive)

*Karnataka Bank:* The bank's deposits rose 6.3 percent YoY as of December 31 and gross loans were up 5 percent. (Positive)

*Biocon* Biologics approves merger of Covidshield Tech with self (From Agencies) (Positive)

*Marico:* Low teens consolidated revenue growth in Oct-Dec. (Neutral)

*Take:* Company default on repayment of principal amount on loans from banks. (Negative)

*Tradable Stocks in News*


CS reiterate outperform on *Ambuja Cem* with the target at Rs 450/sh. (Positive 388.0 Support 380.0 TGT 402.0)

CS reiterate outperform on *Ultratech Cem* with the target at Rs 9250/sh (Positive 7630.0 Support 7560.0 TGT 7780.0)

Jefferies on *ICICI Bank:* Maintains Buy on Bank, target price at Rs 1000/Sh (Positive 768.0 Support 760.0 TGT 784.0)

Jefferies on *Laurus Lab:* Maintains Buy on company, target price at Rs 628/Sh (Positive 516.0 Support 508.0 TGT 530.0)

CLSA on *JSPL:* Maintains Buy on company, target price at Rs 576/Sh (Positive 384.0 Support 378.0 TGT 397.0)

CLSA on *HDFC Bank:* Maintains Buy on Bank, target price at Rs 2025/Sh (Positive 1518.0 Support 1504.0 TGT 1545.0)

*Bharti Airtel:* Company to continue with existing corporate structure, pursuing plan to merge DTH ops with co. (Positive 695.0 Support 687.0 TGT 712.0)

*HUL:* Consumer products distributors resume supply of Hindustan Unilever products in Maharashtra (Positive 2390.0 Support 2362.0 TGT 2440.0)

*ITC:* Company forays into plant-based meat products under the Master Chef brand (Positive 218.0 Support 215.0 TGT 225.0)

*Grasim:* Promoters bought 59k shares of Company. (Positive 1680.0 Support 1660.0 TGT 1724.0)

*Navneet Education:* CARE revised rating on company's long term bank facilities to AA/stable, from AA+/Negative. (Positive 86.0 Support 84.0 TGT 91.0)

NIFTY BUYING ZONE SUPPORT 17450 AND SELLING ZONE 17980. AND BANKNIFTY BUYING ZONE 36100 AND SELLING ZONE 37300

*Sector Update*

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

*Top Picks*

CHAMBAL CMP 416.0 Support 409.0 TGT 430.0
RCF CMP 79.0 Support 77.0 TGT 83.0
NFL 56.8 Support 55.0 TGT 60.0
DEEPAK CMP 418.0 Support 408.0 TGT 430.0
GSFC CMP 125.0 Support 122.0 TGT 130.0

Stock Update: *PIDILITE* At 52 week high as price pierced 2607.0 levels, Support 2585.0 TGT 2660.0

*ADANI ENTERPRISE:* CO WINS COAL TENDER (SUPPORTIVE FOR STOCK PRICES)

RBI SAYS SBI, ICICI BANK AND HDFC BANK CONTINUE TO BE IDENTIFIED AS DOMESTIC SYSTEMICALLY IMPORTANT BANKS

RBI ANNOUNCES INCLUSION OF AIRTEL PAYMENTS BANK IN SECOND SCHEDULE OF THE RESERVE BANK OF INDIA ACT, 1934

*ASTRAZENECA:* CO RECEIVED A PAYMENT OF $270M FROM COVIS PHARMA (SUPPORTIVE FOR STOCK PRICES)

*Sector Update*

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

*Top Picks*

INDIAN BK CMP 144.0 Support 142.0 TGT 148.0
BOB CMP 84.0 Support 83.0 TGT 87.0
IDBI 48.0 Support 47.0 TGT 50.5
SBIN CMP 488.0 Support 480.0 TGT 498.0

*JINDAL STAINLESS* WINS ORDER TO SUPPLY 2000 TONS FOR KANPUR METRO PROJECT (SUPPORTIVE FOR STOCK PRICES)

SCRIPT: AXISBANK
- Holding period: Hold till (27JAN22) Monthly Expiry;
Step 1 Buy 740 Strike price (CE) around 14.4;
Step 2 Sell 760 Strike price (CE) around 8;
- Max profit: 16,320 P/Strategy
- Max loss: (-7680) P/Strategy .
- Risk to reward Ratio: 1 : 2.2 approx

Stocks in News*


*Thermax:* Concludes an order of Rs 545.6 crore to set up FGD systems in UP (Positive)

*Mahanagar Gas:* Life Insurance Corporation of India acquired a 2 percent stake in the company via open market transactions (Positive)

*NHPC:* Promoters Agreement has been signed between NHPC and GEDCOL for the formation of a joint venture company for the development of 500 MW floating solar power projects (Positive)

*Gautam Gems:* The company on January 13 will consider the Right Issue of equity shares (Positive)

*Palm Jewels:* The company on January 13 will consider the Right Issue of equity shares (Positive)

*Coal India:* India's coal production was 6.7% higher at 74.8 million tn in December (Positive)

*Bharti Airtel:* Subsidiary Airtel Africa Plc has received $159 million out of $176.1 m from the sale of its tower assets in Tanzania (Positive)

*Liquor companies:* Liquor companies are appealing to state governments to allow them to raise prices amid surging costs of inputs (Positive)

*Future Retail:* Wins Halt on Amazon Arbitration Process on Appeal. (Positive)

Munjal seeks arbitration proceedings (Neutral)

*HDFC Bank:* The private sector lender has sold Rs 2,188 crore of distressed retail loans to asset reconstruction companies (Neutral)

*Union Bank:* Starts lending in alternate reference rate (Neutral)

*Ganesha Ecosphere:* MCAP India Fund sold 2.5 lakh equity shares in the company at Rs 535.73 per share on the NSE. (Negative)

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

*Orient Green:* Axis Bank offloaded 38 lakh shares in the company at Rs 22.4 per share on the NSE. (Negative)

*Fortis:* Emqore seeking more than $6.5b in damages from defendants; IHH says Emqore claim linked to Indian unit Fortis (Negative)

*Future Retail:* Misses $403 Million Debt Payment, ET Says (Negative)

NIFTY BUYING ZONE SUPPORT 17450 AND SELLING ZONE 17980. AND BANKNIFTY BUYING ZONE 36990 AND SELLING ZONE 37900

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)