All You Need To Know Going Into Trade On August 26

Asian stocks were mixed Thursday as traders await more clues about the regulatory outlook in China as well as the Federal Reserve’s approach to paring stimulus.

Equities fluctuated in Japan but slipped in Australia. South Korean shares pared gains and the won strengthened after the central bank raised interest rates, making the nation the first major Asian economy to start exiting record-low borrowing costs.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.11% to 16,604 as of 7:10 a.m.

U.S. equity futures slipped after the S&P 500 and Nasdaq 100 edged up to records overnight. The 10-year U.S. Treasury yield held an advance ahead of the Jackson Hole meeting, which may offer fresh insight on how the Fed intends to scale back bond purchases. The dollar was little changed.

In China, Beijing’s sweeping crackdown on private industries is continuing to colour sentiment and complicate the outlook for the world’s second-largest economy. The rebound in Chinese stocks listed in the U.S. fizzled.

The latest U.S. data showed orders placed with factories for business equipment unexpectedly stalled in July, marking a pause in a months-long buildup in capital investment.

Elsewhere, crude oil dipped below $68 a barrel, paring a rally this week driven by bets that demand will weather the delta virus strain’s impact on the economic recovery. Gold fell below $1,800 and Bitcoin traded around $49,000.

Earnings Post Market Hours

Procter & Gamble Hygiene and Health Care Q4FY21 (QoQ)

• Revenue up 4% at Rs 786.59 crore Vs Rs 759.66

• Net profit down 50% at Rs 48.98 crore Vs Rs 98.33 crore

• Ebitda down 42% at Rs 74.88 crore Vs Rs 128.69 crore

• Margins at 9.5% Vs 16.9%

• Recommended a final dividend of Rs 80 per equity share

Stocks To Watch

• Ujjivan Small Finance Bank: Board has appointed Carol Furtao as officer on special duty. Furtado to manage day-to-day affairs at the bank, till Nitin Chugh's exit on September 30. Furtado to be appointed as interim CEO after September 30, subject to RBI approval. Furtado's appointment at the bank is subject to her resigning as CEO of Ujjivan Financial Services. Ujjivan Small Finance Bank board to evaluate candidates for MD & CEO role parallelly and submit two names to the RBI for approval.

• Bharti Airtel: Board of Directors to meet on August 29 to consider raising funds through equity, equity-linked or debt instruments or any combination of these, the company said.

• Max Healthcare Institute: Board approved an additional investment of Rs 50 crore by way of subscription towards Rights Issue of equity shares of Alps Hospitals, a wholly owned subsidiary of the company.

• WABCO India: Offer for sale for non-retail investors gets 233% demand as compared to the shares on offer. Demand at indicative price of Rs 6,965.73 per share. The OFS opens for retail investors today.

• Kotak Mahindra Bank: To actively seek inorganic growth opportunities in the Indian financial services space. This could be in businesses or assets that enables it to expand its market share and increase customer base, said Chairman Prakash Apte. Further, the Group aims to expand its market share in Indian financial services by increasing the customer base across the Group, and enhancing customer experience, which will lead to higher cross-selling of products, thereby contributing to the future growth and profitability, he added.

• Future Retail: Appointed Sadashiv Nayak as Chief Executive Officer of the company with effect from August 25.

• Infosys: To set up a new digital development centre at its largest Canadian office in Mississauga. The company aims to create 500 jobs in the Toronto Region over the next three years.

• Kaveri Seed Company: Approved buyback of equity shares up to Rs 120 crore at a price up to Rs 850 per share.

• Bank of India: Approved the opening of QIP on August 25 and the floor price of Rs 66.19 per equity share. The floor price is at a premium of 1.98% to Wednesday’s closing price.

• Affle India to consider proposal for split of equity shares

• AGMs: IndusInd Bank (11:30 a.m.); Aurobindo Pharma (3:30 p.m.); SBI Cards & Payment (11 a.m.); Shipping Corp of India (3:30 p.m.); Sterlite Technologies (9 a.m.); United Spirits (3:30 p.m.), CCL Products India, Deepak Fertilisers, Gland Pharma, JK Lakshmi Cement, Responsive Industries, Relaxo Footwears, 3M India

Offerings

• India’s Delhivery said to plan $1 billion IPO filing in October

  • Startup is targeting Mumbai listing before March 2022

• Sequoia-Backed Indian beer maker plans fifth brewery before IPO

Pledge Share Details

• Aurobindo Pharma: Promoter K Nityananda Reddy revoked pledge of 5.45 lakh shares on August 23.

• Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 2.50 lakh shares on August 20.

• Dynamatic Technologies: Promoters (Udayant Malhoutra, Wavell Investments and JKM Holdings) revoked pledge of 4.75 lakh shares on August 24.

• Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 10.84 lakh shares between August 20-23.

• Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 38 lakh shares on August 19.

• Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 15.30 lakh shares on August 23.

• Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP created a pledge of 13.86 lakh shares on August 24.

  As reported on August 25.

Bulk Deals

• Capacite Infraprojects: Think India Opportunities Master Fund LP sold 6.16 lakh shares (0.91%) at Rs 144.61 per share.

• Greenply Industries: Promoter Showan Investment bought 60 lakh shares (4.89%) at Rs 177.75 per share. Promoter Prime Holdings sold 60 lakh shares (4.89%) at Rs 177.75 per share.

Inter Se Transfers

• Jubilant Pharmova: Rare Enterprises sold 50 lakh shares (3.15%) at Rs 594.35 per share. Rekha Jhunjhunwala bought 25 lakh shares (1.57%) at Rs 594.35 per share. Rakesh Jhunjhunwala bought 25 lakh shares (1.57%) at Rs 594.35 per share.

Insider Trades

• Adani Green Energy: Promoter Infinite Trade and Investments bought 19.80 lakh shares on August 24.

• Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 25,000 shares on August 18.

• Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 34,600 shares between August 23-24.

• Eris Lifesciences: Promoter Amit Bakshi bought 34,534 shares between August 20-24.

• Federal-Mogul Goetze (India): Promoter IEH FMGI Holdings LLC sold 8,643 shares on August 20.

• Grasim Industries: Promoter IGH Holdings bought 1.55 lakh shares between August 18-20.

• Jindal Stainless (Hisar): Promoter JSL Overseas bought 80,191 shares on August 24.

• KEI Industries: Promoter Anil Gupta sold 2.10 lakh shares between August 23-25.

• LG Balakrishnan & Bros: Promoter V Rajvirdhan sold 1.72 lakh shares between August 20-24.

• Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 8,231 shares on August 24.

• Nirlon: Promoter Shitaltrading & Interirors sold 5,000 shares on August 24.

• Sudarshan Chemical Industries: Promoter Rahul Rathi sold 9.80 lakh shares on August 24.

• Sequent Scientific: Promoter Chayadeep Ventures LLP sold 69,544 shares on August 20.

Who’s Meeting Whom

• IIFL Finance: To meet Aditya Birla Capital on August 26.

• PI Industries: To meet Ambit Capital on August 26.

• Manappuram Finance: To meet Enam AMC on August 26.

• VIP Industries: To meet HDFC Standard Life Insurance and Kotak on August 26.

• Sudarshan Chemical Industries: To meet Kotak Institutional Equities on September 2.

Trading Tweaks

• Ex-Date AGM: PNB Housing Finance, Likhitha Infrastructure, Suprajit Engineering, IPCA Laboratories, Ganesha Ecosphere, AIA Engineering, Allsec Technologies, KCP, Edelweiss Financial Services

• Ex-Date Dividend: AIA Engineering, Electrosteel Castings, Ganesha Ecosphere, KCP, Kirloskar Brothers, Kalyani Steels, Likhitha Infrastructure

• Ex-Date Final Dividend: Edelweiss Financial Services, Indo Count Industries, Multi Commodity Exchange of India, Suprajit Engineering

• Ex-Date Interim Dividend: GRM Overseas

• Ex-Date Buy Back: R Systems International

• Record Date Buy Back: Star Cement

• Record Date Interim Dividend: Polyplex Corporation, DB Corp

• Record Date Final Dividend: Hikal

• Move Into Short-Term ASM Framework: Prime Focus, Sadbhav Infrastructure Project

Money Market Update

• The rupee ended at 74.24 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.19.

F&O Cues

• Nifty August futures ended at 16,635, a premium of 0.35 points.

• Nifty August futures shed 5.09%, and 7,907 shares in Open Interest.

• Nifty Bank August futures ended at 35,595, a premium of 8.75 points.

• Nifty Bank August futures shed 14.56%, and 6,000 shares in Open Interest.

• Securities that continue to be on the ban list: NMDC, Vodafone Idea, SAIL.

• Securities added to the ban list: Nalco.

• Securities removed from the ban list: Canara Bank.