#OnCNBCTV18 | Expressed interest in assets like BPCL & Shipping Corp. Expect government to sell its 29.5% stake in Hind Zinc coming FY, says Sunil Duggal VedantaLimited
Key highlights from the Economic Survey 2022
* GDP growth rate projected in the range of 8-8.5% for the next fiscal 2022-23 (FY23)
* Growth will be supported by “widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending," the Economic Survey said.
* Agriculture least hit by pandemic, sector to grow by 3.9% in 2021-22 after growing 3.6% the previous year
* Industrial sector likely to grow at 11.8%.
* Survey pegs services sector to see 8.2% growth in 2021-22.
* GDP growth rate projected in the range of 8-8.5% for the next fiscal 2022-23 (FY23)
* Growth will be supported by “widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending," the Economic Survey said.
* Agriculture least hit by pandemic, sector to grow by 3.9% in 2021-22 after growing 3.6% the previous year
* Industrial sector likely to grow at 11.8%.
* Survey pegs services sector to see 8.2% growth in 2021-22.
#EconomicSurvey | Govt tables Economic Survey for FY22 in #LokSabha; sees 8-8.5% GDP growth in FY23 (From Agencies)
@nsitharaman @FinMinIndia #Budget2022
@nsitharaman @FinMinIndia #Budget2022
War Between FII and DII
Flows in Cash Market on 31-January-2022
👎FII net sold ₹3624cr
👍DII net bought ₹3648cr
FIIs sold more than Rs 41,000 Cr in Jan month alone.
Flows in Cash Market on 31-January-2022
👎FII net sold ₹3624cr
👍DII net bought ₹3648cr
FIIs sold more than Rs 41,000 Cr in Jan month alone.
*Last 4 Months FII sold*
Oct 21 - 18201.50
Nov 21 - 33281.09
Dec 21 - 26813.76
Jan 22 - 32517.69
---------------------------------------
*Total - 1,10,814.04 Cr*
Oct 21 - 18201.50
Nov 21 - 33281.09
Dec 21 - 26813.76
Jan 22 - 32517.69
---------------------------------------
*Total - 1,10,814.04 Cr*
Stocks to Watch
Gail: The company commenced India's first-of-it's-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh.
BPCL: The company declared second interim dividend of Rs 5 per share.
SBI: The company entered into an agreement with Tata Power Solar Systems for financing solar projects to launch a centralized processing cell - ‘Surya Shakti Cell.’ It will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities and households.
Tata Steel Long Products: The company won the bid to acquire a 93.71% equity stake in the Neelachal Ispat Nigam Limited for a total consideration of Rs 12,100 crore.
NTPC: The company’s subsidiary NTPC Vidyut Vyapar Nigam has acquired d 5% equity stake in the Power Exchange of India.
EaseMyTrip: The company appointed Nutan Gupta as Chief Executive Officer with effect from April 1, 2022, consequent to the resignation of Nishant Pitti. Pitti will remain as the Chairman.
Subex: The company appointed Sumit Agarwal as the Chief Financial Officer.
CSB: The bank revised Overnight Marginal Cost of Funds Based Lending Rates from 7.5% to 7.6% from Feb. 1
Edelweiss Financial Services: The company appointed Ananya Suneja as Chief Financial Officer effective from March 1, 2022 in place of Sarju Simaria who will move to a new role. The company also been allotted 20,00,00,000 equity shares of Rs. 10 each of Edelweiss Tokio Life Insurance increasing company’s stake from 51% to 66%.
Orient Cement: The company entered into share purchase, subscription and shareholder’s agreement with AMPSolar Technology and AMPSolar Systems for the acquisition of 26% stake in AMPSolar Systems for putting up the solar power plant with capacity of 13.5 MW, under Captive Scheme.
DB Realty: The company will consider the proposal for raising of funds by way of Private Placement / Preferential Issue of Convertible Warrants/ Equity Shares / other equity linked Securities on Feb. 3.
Mahanagar Gas: The company will consider declaration of dividend on Feb. 8.
APAR Industries: The company has appointed Ramesh Seshan lyer as the chief Financial officer.
Jet Freight: The company’s subsidiary Jet Freight Express began operations of its last-mile delivery via Electric Vehicle in an exclusive contract with several e-commerce companies. Jet Freight plans to include more electric vehicles to serve multinational companies.
Emami: The company will consider second interim dividend and proposal of buy back of the fully paid-up equity shares on Feb. 3.
Ansal Housing: The company has defaulted on the interest payment of Rs 16 lakh as on Dec. 31.
Shriram EPC: The company has defaulted on the loan payment of Rs 339.16 crore as on Dec. 31.
Aarti Industries: The company will consider the declaration of dividend on Feb. 5.
Great Eastern Shipping: The company deleted A. H. Bhiwandiwalla Consultancy from the list of promoter group as the company has been voluntarily dissolved.
Gail: The company commenced India's first-of-it's-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh.
BPCL: The company declared second interim dividend of Rs 5 per share.
SBI: The company entered into an agreement with Tata Power Solar Systems for financing solar projects to launch a centralized processing cell - ‘Surya Shakti Cell.’ It will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities and households.
Tata Steel Long Products: The company won the bid to acquire a 93.71% equity stake in the Neelachal Ispat Nigam Limited for a total consideration of Rs 12,100 crore.
NTPC: The company’s subsidiary NTPC Vidyut Vyapar Nigam has acquired d 5% equity stake in the Power Exchange of India.
EaseMyTrip: The company appointed Nutan Gupta as Chief Executive Officer with effect from April 1, 2022, consequent to the resignation of Nishant Pitti. Pitti will remain as the Chairman.
Subex: The company appointed Sumit Agarwal as the Chief Financial Officer.
CSB: The bank revised Overnight Marginal Cost of Funds Based Lending Rates from 7.5% to 7.6% from Feb. 1
Edelweiss Financial Services: The company appointed Ananya Suneja as Chief Financial Officer effective from March 1, 2022 in place of Sarju Simaria who will move to a new role. The company also been allotted 20,00,00,000 equity shares of Rs. 10 each of Edelweiss Tokio Life Insurance increasing company’s stake from 51% to 66%.
Orient Cement: The company entered into share purchase, subscription and shareholder’s agreement with AMPSolar Technology and AMPSolar Systems for the acquisition of 26% stake in AMPSolar Systems for putting up the solar power plant with capacity of 13.5 MW, under Captive Scheme.
DB Realty: The company will consider the proposal for raising of funds by way of Private Placement / Preferential Issue of Convertible Warrants/ Equity Shares / other equity linked Securities on Feb. 3.
Mahanagar Gas: The company will consider declaration of dividend on Feb. 8.
APAR Industries: The company has appointed Ramesh Seshan lyer as the chief Financial officer.
Jet Freight: The company’s subsidiary Jet Freight Express began operations of its last-mile delivery via Electric Vehicle in an exclusive contract with several e-commerce companies. Jet Freight plans to include more electric vehicles to serve multinational companies.
Emami: The company will consider second interim dividend and proposal of buy back of the fully paid-up equity shares on Feb. 3.
Ansal Housing: The company has defaulted on the interest payment of Rs 16 lakh as on Dec. 31.
Shriram EPC: The company has defaulted on the loan payment of Rs 339.16 crore as on Dec. 31.
Aarti Industries: The company will consider the declaration of dividend on Feb. 5.
Great Eastern Shipping: The company deleted A. H. Bhiwandiwalla Consultancy from the list of promoter group as the company has been voluntarily dissolved.
Budget and Markets
Market watchers believe that despite the higher target divestment for the upcoming financial year in the Union Budget, LIC IPO will be the key for the targets.
Though market sees volatility pre and post Budget, net-net, the event hardly leaves any impact in the two-week period
Centre is likely to miss the targets of divestment and the strategic stake sales in FY2021-22
Market experts believe disinvestment and privatisation are likely to gain further traction
Crypto startups seeking clarity over issues like taxation, legislation, exemptions and regulations
Analysts do not see any change in capital gain tax on equity
Market watchers believe that despite the higher target divestment for the upcoming financial year in the Union Budget, LIC IPO will be the key for the targets.
Though market sees volatility pre and post Budget, net-net, the event hardly leaves any impact in the two-week period
Centre is likely to miss the targets of divestment and the strategic stake sales in FY2021-22
Market experts believe disinvestment and privatisation are likely to gain further traction
Crypto startups seeking clarity over issues like taxation, legislation, exemptions and regulations
Analysts do not see any change in capital gain tax on equity