STOCKS in ACTION 15 Feb
🙂Gilada Finance & Investments Ltd board recommends bonus issue
🙂Hinduja Global Solutions fixes Feb 23, 2022 as record date for bonus, dividend
🙂Swiss Military Consumer Goods Ltd to consider fund raising on Feb 25, 2022
🙂Reliance Industries : Jio Platforms will Invest $200 million in Glance to accelerate Glance's launch in key international markets outside of Asia such as the U.S., Brazil, Mexico and Russia
🙂Nykaa : Global Store on the Nykaa App exclusively launches Prakti, a unique Hybrid Beauty Brand
🙂Cineline India launches new brand for Film Exhibition Business
🙂BHEL secures order for Heat Exchangers for Light Combat Aircraft - Tejas
🙂Vedanta: has signed an MoU with Hon Hai Technology Group (Foxconn) to form a joint venture company that will manufacture semiconductors in India. Vedanta will hold the majority of equity in the JV
🙂Adani Ports and SEZ receives LoA from Syama Prasad Mookerjee Port, Kolkata
🙂Sharika Enterprises bags contract by TPNODL
🙂Glenmark inks agreement with Astrazeneca to commercialize its product Pulmicort Respules® in Columbia
🙂Cipla: Promoters to sell up to 2.5% stake in block deals, according to terms of the deal obtained by Bloomberg. The company’s shares are offered at a price range of Rs 904.8 to Rs 916.7 each in a secondary placement. 16.14 million shares are being offered by the sellers, with option to upsize to 4.03 million shares
🙂Axita Cotton Ltd receives order from Bangladesh
🙂Karur Vysya Bank joins hands with UNANU for Digital Freight Finance and opens 5 new Branches today
🙂Goodluck India Ltd commissions New Press for Forging Unit
🙂Godrej Consumer Products:
divested its entire stake in BBLUNT for Rs 84.5 crore. Honasa Consumer, the parent company of Mamaearth, has acquired BBLUNT from the company. The transaction is expected to be complete by March 14
🙂Asian Energy JV receives LOA for Hura CHP worth Rs. 128 Crores from Eastern Coalfields Limited
🙂Pennar Industries: bagged orders worth Rs 647 crore across its various business verticals between Dec 2021-Jan 2022.
🙂KPI Global Infrastructure receives order from Aether Industries Ltd
🙂Zydus gets 180 days shared exclusivity for Roflumilast Tablets
🙂Waaree RenewableTechnologies enters into MOU with AES India Pvt Ltd
🙂Pressman Advertising and Signpost India announce merger proposal
🙂Black Box completes acquisition of Dragonfly Technologies in Australia
🙂ABB completes remote commissioning of new actuator for ITC Paperboards and Specialty Papers
🙂Dai-Ichi Karkaria Ltd sells land for Rs. 4.8 crores
🙂One 97 Communications: Merchant payments processed on Paytm platform in January jumped 105% from a year earlier to Rs 83,481 crore. Average monthly transacting users jumped 40% YoY to 68.9 million. Number of loans disbursed through Paytm jumped to 1.9 million from 0.4 million YoY. Value of loans disbursed through Paytm was Rs 921 crore in January compared with Rs 212 crore last year
SREI Infrastructure Finance : Kolkata NCLT has approved consolidated insolvency proceeding for SREI Group NBFCs. SREI Infrastructure Finance and SREI Equipment Finance will face consolidated insolvency proceeding, under the same committee of creditors. Bidders will be required to bid for a consolidated balance sheet
🙁FIEM Industries to exit JV
🙂Gilada Finance & Investments Ltd board recommends bonus issue
🙂Hinduja Global Solutions fixes Feb 23, 2022 as record date for bonus, dividend
🙂Swiss Military Consumer Goods Ltd to consider fund raising on Feb 25, 2022
🙂Reliance Industries : Jio Platforms will Invest $200 million in Glance to accelerate Glance's launch in key international markets outside of Asia such as the U.S., Brazil, Mexico and Russia
🙂Nykaa : Global Store on the Nykaa App exclusively launches Prakti, a unique Hybrid Beauty Brand
🙂Cineline India launches new brand for Film Exhibition Business
🙂BHEL secures order for Heat Exchangers for Light Combat Aircraft - Tejas
🙂Vedanta: has signed an MoU with Hon Hai Technology Group (Foxconn) to form a joint venture company that will manufacture semiconductors in India. Vedanta will hold the majority of equity in the JV
🙂Adani Ports and SEZ receives LoA from Syama Prasad Mookerjee Port, Kolkata
🙂Sharika Enterprises bags contract by TPNODL
🙂Glenmark inks agreement with Astrazeneca to commercialize its product Pulmicort Respules® in Columbia
🙂Cipla: Promoters to sell up to 2.5% stake in block deals, according to terms of the deal obtained by Bloomberg. The company’s shares are offered at a price range of Rs 904.8 to Rs 916.7 each in a secondary placement. 16.14 million shares are being offered by the sellers, with option to upsize to 4.03 million shares
🙂Axita Cotton Ltd receives order from Bangladesh
🙂Karur Vysya Bank joins hands with UNANU for Digital Freight Finance and opens 5 new Branches today
🙂Goodluck India Ltd commissions New Press for Forging Unit
🙂Godrej Consumer Products:
divested its entire stake in BBLUNT for Rs 84.5 crore. Honasa Consumer, the parent company of Mamaearth, has acquired BBLUNT from the company. The transaction is expected to be complete by March 14
🙂Asian Energy JV receives LOA for Hura CHP worth Rs. 128 Crores from Eastern Coalfields Limited
🙂Pennar Industries: bagged orders worth Rs 647 crore across its various business verticals between Dec 2021-Jan 2022.
🙂KPI Global Infrastructure receives order from Aether Industries Ltd
🙂Zydus gets 180 days shared exclusivity for Roflumilast Tablets
🙂Waaree RenewableTechnologies enters into MOU with AES India Pvt Ltd
🙂Pressman Advertising and Signpost India announce merger proposal
🙂Black Box completes acquisition of Dragonfly Technologies in Australia
🙂ABB completes remote commissioning of new actuator for ITC Paperboards and Specialty Papers
🙂Dai-Ichi Karkaria Ltd sells land for Rs. 4.8 crores
🙂One 97 Communications: Merchant payments processed on Paytm platform in January jumped 105% from a year earlier to Rs 83,481 crore. Average monthly transacting users jumped 40% YoY to 68.9 million. Number of loans disbursed through Paytm jumped to 1.9 million from 0.4 million YoY. Value of loans disbursed through Paytm was Rs 921 crore in January compared with Rs 212 crore last year
SREI Infrastructure Finance : Kolkata NCLT has approved consolidated insolvency proceeding for SREI Group NBFCs. SREI Infrastructure Finance and SREI Equipment Finance will face consolidated insolvency proceeding, under the same committee of creditors. Bidders will be required to bid for a consolidated balance sheet
🙁FIEM Industries to exit JV
Life Insurance Corporation of India IPO – Schedule *(TENTATIVE)*
07th March – Announcement of Price Band
09th March – Anchor Investors Allotment
10th March – Offer Opens
14th March – Offer Closes
17th March – Finalisation of Basis of Allotment
21st March – Unblocking of ASBA Accounts
22nd March – Credit of Equity Shares to Depository Accounts
23rd March – Commencement of Trading
Life Insurance Corporation of India IPO – Issue Information *(TENTATIVE)*
Issue Opens on: 10 March 2022
Issue Closes on: 14 March 2022
Issue Type: Book Built Issue IPO
Issue Size: 31,62,49,885 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.2,000 – Rs.2,100 Share
Discount: 10% (for Employees & Policy Holders)
Market Lot: 7 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 6,32,49,97,701 Shares
Fresh Issue of NIL Shares @2,100/- = Rs. NIL Crs
Offer for Sale of 31,62,49,885 Shares @2,100/- = Rs.*65.416.29Crs
(*considering 10% discount for Employees & Policyholders)
Equity Shares outstanding after the Issue = 6,32,49,97,701 Shares
Category-wise Break up:
Anchor – 8,06,43,751 Shares = 16,935.18Crs (@2,100/-)
QIB – 5,37,62,480 Shares = 11,290.12Crs (@2,100/-)
NII – 4,03,21,860 Shares = 8,467.59Crs (@2,100/-)
RII – 9,40,84,341 Shares = 19,757.71Crs (Lot size: 7 = 1,34,40,620 Forms)
Employees – 1,58,12,494 Shares = 2,988.56Crs (10% discount = @1,890/-)
PolicyHolders – 3,16,24,989 Shares = 5,977.12Crs (10% discount = @1,890/-)
Total Issue – 31,62,49,885 Shares = 65,416.29Crs.
Subscription required for 1X
RII = 1,34,40,620 Forms
NII = 8,467.59 Crs
Life Insurance Corporation of India IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated February 13, 2022 (652 pages)
EPS for FY18-19 >>> Rs 4.15 (Page #97 of DRHP)
EPS for FY19-20 >>> Rs.4.29 (Page #97 of DRHP)
EPS for FY20-21 >>> Rs.4.70 (Page #97 of DRHP)
EPS for H121-22 >>> Rs.2.38 (Page #97 of DRHP)
RoNW for FY18-19 >>> 322.25% (Page #98 of DRHP)
RoNW for FY19-20 >>> 317.14% (Page #98 of DRHP)
RoNW for FY20-21 >>> 45.65% (Page #98 of DRHP)
RoNW for H121-22 >>> 18.76% (Page #98 of DRHP)
NAV as on September 30, 2021 was Rs.12.68 (Page #98 of DRHP)
Listed Industry Peer Group (Page #99 of DRHP):
SBI Life Insurance Company,
HDFC Life Insurance Company,
ICICI Prudential Life Insurance Company
07th March – Announcement of Price Band
09th March – Anchor Investors Allotment
10th March – Offer Opens
14th March – Offer Closes
17th March – Finalisation of Basis of Allotment
21st March – Unblocking of ASBA Accounts
22nd March – Credit of Equity Shares to Depository Accounts
23rd March – Commencement of Trading
Life Insurance Corporation of India IPO – Issue Information *(TENTATIVE)*
Issue Opens on: 10 March 2022
Issue Closes on: 14 March 2022
Issue Type: Book Built Issue IPO
Issue Size: 31,62,49,885 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.2,000 – Rs.2,100 Share
Discount: 10% (for Employees & Policy Holders)
Market Lot: 7 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 6,32,49,97,701 Shares
Fresh Issue of NIL Shares @2,100/- = Rs. NIL Crs
Offer for Sale of 31,62,49,885 Shares @2,100/- = Rs.*65.416.29Crs
(*considering 10% discount for Employees & Policyholders)
Equity Shares outstanding after the Issue = 6,32,49,97,701 Shares
Category-wise Break up:
Anchor – 8,06,43,751 Shares = 16,935.18Crs (@2,100/-)
QIB – 5,37,62,480 Shares = 11,290.12Crs (@2,100/-)
NII – 4,03,21,860 Shares = 8,467.59Crs (@2,100/-)
RII – 9,40,84,341 Shares = 19,757.71Crs (Lot size: 7 = 1,34,40,620 Forms)
Employees – 1,58,12,494 Shares = 2,988.56Crs (10% discount = @1,890/-)
PolicyHolders – 3,16,24,989 Shares = 5,977.12Crs (10% discount = @1,890/-)
Total Issue – 31,62,49,885 Shares = 65,416.29Crs.
Subscription required for 1X
RII = 1,34,40,620 Forms
NII = 8,467.59 Crs
Life Insurance Corporation of India IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated February 13, 2022 (652 pages)
EPS for FY18-19 >>> Rs 4.15 (Page #97 of DRHP)
EPS for FY19-20 >>> Rs.4.29 (Page #97 of DRHP)
EPS for FY20-21 >>> Rs.4.70 (Page #97 of DRHP)
EPS for H121-22 >>> Rs.2.38 (Page #97 of DRHP)
RoNW for FY18-19 >>> 322.25% (Page #98 of DRHP)
RoNW for FY19-20 >>> 317.14% (Page #98 of DRHP)
RoNW for FY20-21 >>> 45.65% (Page #98 of DRHP)
RoNW for H121-22 >>> 18.76% (Page #98 of DRHP)
NAV as on September 30, 2021 was Rs.12.68 (Page #98 of DRHP)
Listed Industry Peer Group (Page #99 of DRHP):
SBI Life Insurance Company,
HDFC Life Insurance Company,
ICICI Prudential Life Insurance Company
Market Indication:
Global: FLAT to Positive
NIFTY: FLAT to Positive
BANKNIFTY: FLAT to Positive
SGX NIFTY: up by 50 points Positive
Nifty Resistance - 17600
Banknifty Resistance - 38800
Global: FLAT to Positive
NIFTY: FLAT to Positive
BANKNIFTY: FLAT to Positive
SGX NIFTY: up by 50 points Positive
Nifty Resistance - 17600
Banknifty Resistance - 38800
Intraday stocks
Tata motors
Bajaj finance
Adani enterprises
SBIN
L&T
Grasim Industries
Titan
Wipro
Don't hold for long because of yesterday huge rally today we can expect some selling pressure
Tata motors
Bajaj finance
Adani enterprises
SBIN
L&T
Grasim Industries
Titan
Wipro
Don't hold for long because of yesterday huge rally today we can expect some selling pressure
Swing trading
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Zeel entertainment Buy only positive sing in 30 minutes to 1 hour TF
Entry - 267
Stoploss - 246
Target 1 - 292
Target 2 - 330
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Zeel entertainment Buy only positive sing in 30 minutes to 1 hour TF
Entry - 267
Stoploss - 246
Target 1 - 292
Target 2 - 330
Swing trading
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Godrej properties
Showing good Bullish engulfing Signal in 1 day TF
Showing Good Hammer Signal in 1 week TF
Entry - 1567
Stoploss - 1452
Target 1 - 1781
Target 2 - 1980
Target 3 - 2261
Buy only positive sing in 30 minutes to 1 hour TF
TF - Time frame
D - day candle
W - weekly candle
M - Monthly candle
Green candle - Bullish
Red candle - Bearish
Godrej properties
Showing good Bullish engulfing Signal in 1 day TF
Showing Good Hammer Signal in 1 week TF
Entry - 1567
Stoploss - 1452
Target 1 - 1781
Target 2 - 1980
Target 3 - 2261
Buy only positive sing in 30 minutes to 1 hour TF
STOCKS in ACTION 16 Feb
🙂Data Infrastructure Trust announces 1:88 rights issue
🙂Infosys BPM to Hire 400 Skilled Workers in Costa Rica by 2022 to Power Regional Business Growth
🙂Info Edge India Ltd to invest in Juno
🙂RKFL Newly commissioned Warm Forging Plant Successfully starts dispatching of products to India's leading axle manufacturer
🙂Sunshield Chemicals Ltd announces capacity expansion
🙂ACC expands capacity by 1.6 MTPA at Tikaria grinding unit in the state of Uttar Pradesh
🙂DB Corp increases ad rates in MY FM
🙂A2Z Infraservices receives order from NBCC India Ltd
🙂Embassy REIT constructs & launches key flyover at Embassy Manyata Business Park
🙂Tech Mahindra: has approved the proposal to acquire 80% equity shares in Geomatic . ai Pty through its subsidiary Tech Mahindra (Singapore) Pte for Rs 32.24 crore (A$6 million)
🙂Laxmi Organic Industries Ltd to acquire stake in Radiance
🙂SHREEJI adds Xiaomi in its Portfolio
🙂Saksoft Pte acquires MC Consulting Pte
🙂Brookfield India Infrastructure: The company’s rights entitlement ratio will be one unit for every 88 units held by the eligible unitholders with minimum allotment of Rs 2 crore
🙂Kush Industries Ltd to sell land for Rs. 2.75 crore
🙁Punjab and Sind Bank: The bank has reported NPA account IL & FS Tamil Nadu Power with outstanding dues of Rs.148.86 crore as fraud and created a provision of Rs 59.54 crore for the same
🙂Data Infrastructure Trust announces 1:88 rights issue
🙂Infosys BPM to Hire 400 Skilled Workers in Costa Rica by 2022 to Power Regional Business Growth
🙂Info Edge India Ltd to invest in Juno
🙂RKFL Newly commissioned Warm Forging Plant Successfully starts dispatching of products to India's leading axle manufacturer
🙂Sunshield Chemicals Ltd announces capacity expansion
🙂ACC expands capacity by 1.6 MTPA at Tikaria grinding unit in the state of Uttar Pradesh
🙂DB Corp increases ad rates in MY FM
🙂A2Z Infraservices receives order from NBCC India Ltd
🙂Embassy REIT constructs & launches key flyover at Embassy Manyata Business Park
🙂Tech Mahindra: has approved the proposal to acquire 80% equity shares in Geomatic . ai Pty through its subsidiary Tech Mahindra (Singapore) Pte for Rs 32.24 crore (A$6 million)
🙂Laxmi Organic Industries Ltd to acquire stake in Radiance
🙂SHREEJI adds Xiaomi in its Portfolio
🙂Saksoft Pte acquires MC Consulting Pte
🙂Brookfield India Infrastructure: The company’s rights entitlement ratio will be one unit for every 88 units held by the eligible unitholders with minimum allotment of Rs 2 crore
🙂Kush Industries Ltd to sell land for Rs. 2.75 crore
🙁Punjab and Sind Bank: The bank has reported NPA account IL & FS Tamil Nadu Power with outstanding dues of Rs.148.86 crore as fraud and created a provision of Rs 59.54 crore for the same
Stocks in News
Vedant Fashions: The company will make its debut on the BSE and NSE, on February 16. The final issue price has been fixed at Rs 866 per share. It would be third listing in year 2022 after AGS Transact Technologies and Adani Wilmar.
Punjab & Sind Bank: NPA account, IL & FS Tamil Nadu Power Company with outstanding dues of Rs 148.86 crore has been declared as fraud. The bank reported this fraud to RBI and has already made provisions amounting to Rs 59.54 crore.
Wheels India: ICRA has downgraded its long term rating for bank lines to ‘A-‘, from ‘A' earlier while keeping outlook stable. The rating agency also downgraded its short term rating for bank lines to ‘A2+', from ‘A1' earlier.
Burger King India: The company closed its qualified institutional placement issue and finalised the issue price at Rs 129.25 per share, a discount of 5 percent to the floor price of Rs 136.05 per share.
Torrent Power: The company completed transaction of acquisition of 100 percent stake in special purpose vehicle Visual Percept Solar Projects. The acquisition was as per the Share Purchase Agreement between Torrent Power, and Blue Daimond Properties and Balrampur Chini Mills.
Redington India: Investor Marina IV (Singapore) Pte Ltd sold 2.14 percent equity stake in the company via open market transactions on February 11. As a result, its shareholding in the company dropped to 3.22 percent, from 5.36 percent earlier.
Vedant Fashions: The company will make its debut on the BSE and NSE, on February 16. The final issue price has been fixed at Rs 866 per share. It would be third listing in year 2022 after AGS Transact Technologies and Adani Wilmar.
Punjab & Sind Bank: NPA account, IL & FS Tamil Nadu Power Company with outstanding dues of Rs 148.86 crore has been declared as fraud. The bank reported this fraud to RBI and has already made provisions amounting to Rs 59.54 crore.
Wheels India: ICRA has downgraded its long term rating for bank lines to ‘A-‘, from ‘A' earlier while keeping outlook stable. The rating agency also downgraded its short term rating for bank lines to ‘A2+', from ‘A1' earlier.
Burger King India: The company closed its qualified institutional placement issue and finalised the issue price at Rs 129.25 per share, a discount of 5 percent to the floor price of Rs 136.05 per share.
Torrent Power: The company completed transaction of acquisition of 100 percent stake in special purpose vehicle Visual Percept Solar Projects. The acquisition was as per the Share Purchase Agreement between Torrent Power, and Blue Daimond Properties and Balrampur Chini Mills.
Redington India: Investor Marina IV (Singapore) Pte Ltd sold 2.14 percent equity stake in the company via open market transactions on February 11. As a result, its shareholding in the company dropped to 3.22 percent, from 5.36 percent earlier.
Analysts/Investors Meeting
Eicher Motors: The company's officials will meet Vontobel Asset Management, Millenium Partners, UBS Asset Management, Mirae Asset Global Management, White Oak Capital Management Consultants LLP, and Nippon India Mutual Fund on February 16.
PSP Projects: The company's officials will meet Motilal Oswal Securities on February 16.
UltraTech Cement: The company's officials will meet ICICI Prudential Life Insurance on February 16.
Tamil Nadu Newsprint & Papers: The company's officials will meet IDBI Capital Market and Securities on February 16.
Torrent Power: The company's officials will attend Axis Capital India Conference on February 16.
Dalmia Bharat: The company's officials will attend Jefferies - India MidCap Summit on February 16.
Rossari Biotech: The company's officials will attend Ambit's Chemicals CXO Conclave on February 16.
Star Health and Allied Insurance Company: The company's officials will meet Thornburg on February 16; and Lazard on February 17.
Mahindra Holidays and Resorts India: The company's officials will meet Unifi Capital on February 17; and Broadview Research, & Prospero Tree on February 18.
Kesoram Industries: The company's officials will meet analysts and investors on February 18, to discuss financial results.
Electrosteel Castings: The company's officials will meet analysts and investors on February 18, to discuss financial performance.
Metro Brands: The company's officials will meet Prabhudas Lilladher on February 22.
FSN E-Commerce Ventures (Nykaa): The company's officials will attend Annual Investor Conference of Kotak Institutional Equities on February 21.
Eicher Motors: The company's officials will meet Vontobel Asset Management, Millenium Partners, UBS Asset Management, Mirae Asset Global Management, White Oak Capital Management Consultants LLP, and Nippon India Mutual Fund on February 16.
PSP Projects: The company's officials will meet Motilal Oswal Securities on February 16.
UltraTech Cement: The company's officials will meet ICICI Prudential Life Insurance on February 16.
Tamil Nadu Newsprint & Papers: The company's officials will meet IDBI Capital Market and Securities on February 16.
Torrent Power: The company's officials will attend Axis Capital India Conference on February 16.
Dalmia Bharat: The company's officials will attend Jefferies - India MidCap Summit on February 16.
Rossari Biotech: The company's officials will attend Ambit's Chemicals CXO Conclave on February 16.
Star Health and Allied Insurance Company: The company's officials will meet Thornburg on February 16; and Lazard on February 17.
Mahindra Holidays and Resorts India: The company's officials will meet Unifi Capital on February 17; and Broadview Research, & Prospero Tree on February 18.
Kesoram Industries: The company's officials will meet analysts and investors on February 18, to discuss financial results.
Electrosteel Castings: The company's officials will meet analysts and investors on February 18, to discuss financial performance.
Metro Brands: The company's officials will meet Prabhudas Lilladher on February 22.
FSN E-Commerce Ventures (Nykaa): The company's officials will attend Annual Investor Conference of Kotak Institutional Equities on February 21.
*What Happened Overnight*
- January FOMC minutes read as dovish
- No new insights around balance sheet & pace/magnitude of rate hikes
- Equities partially reversed losses as a result; S&P-500 +0.09%, Nasdaq -0.11%
- UST yields & USD drifted lower
- Brent +1.6% to $94.81/bbl
- January FOMC minutes read as dovish
- No new insights around balance sheet & pace/magnitude of rate hikes
- Equities partially reversed losses as a result; S&P-500 +0.09%, Nasdaq -0.11%
- UST yields & USD drifted lower
- Brent +1.6% to $94.81/bbl