ADVERTISEMENT

All You Need To Know Going Into Trade On January 11

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>Freshly picked clementines after harvest in Spain. [Photographer: Angel Garcia/Bloomberg]</p></div>
Freshly picked clementines after harvest in Spain. [Photographer: Angel Garcia/Bloomberg]

Asian stocks opened mostly lower Tuesday after the S&P 500 closed lower for the fifth consecutive session.

Japan shares declined and Australian equities also fell while South Korea advanced. U.S. contracts were volatile after the S&P 500 posted its longest losing streak in over three months. The Nasdaq 100 recovered to end with gains after sliding as much as 2.7%

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, shed 0.30% to 17,993.50, as of 7:15 a.m

Elsewhere, Bitcoin recovered to around $42,000 after dipping below $40,000, putting it on track for its worst start to a year since the earliest days of digital currencies. Oil edged up.

All You Need To Know Going Into Trade On January 11
Opinion
HGS Interim Dividend: How Companies Fail Shareholders When Cash Comes In

Stocks To Watch

  • One97 Communications: The company disbursed loans worth Rs 2,180 crore in October-December quarter, up 73% QoQ. Gross merchandise value for Q3 stood at Rs 2.5 lakh crore, up 28% QoQ. Average monthly transacting users rose to 6.44 crore in Q3, up 12.5% QoQ. The company also deployed over 20 lakh devices in Q3, up 54% QoQ.

  • Mindspace Business Parks REIT: Blackstone exited Mindspace Business Parks REIT by selling its stake to the Abu Dhabi Investment Authority, Moneycontrol reported, citing sources. The deal was struck for about $240 million, according to the report.

  • Spandana Sphoorty Financial: To raise upto Rs 300 crore from founder Kanchenjunga.

  • Axis Bank: Approves re-appointment of Rajiv Anand as deputy MD for 3 years.

  • Fortis Healthcare: A suit has been filed against the company along with others by Emqore Envesecure alleging copyright infringement, tortious interference with contracts, etc. and has claimed damages more than $6.5 billion from all defendants.

  • Bank of Baroda: The bank has cut overnight MCLR from 6.50% to 6.45% effective Jan. 12, 2022.

  • Take Solutions: The company has defaulted on loans of nearly Rs 238 crore from Siemens Bank and IndusInd Bank as of Dec. 31, 2021.

  • Sona BLW Precision Forgings: NCLT has sanctioned the scheme of amalgamation of Comstar Automotive Technologies with Sona BLW Precision Forgings and their respective shareholders.

  • SJVN: The company has been granted a Category “I” license for inter-state trading in electricity in the whole of India by Central Electricity Regulatory Commission.

  • JSW Ispat Special Products: The company reported production of 1.4 lakh tonnes of crude steel, a growth of 14% sequentially.

  • Antony Waste Handling Cell: The company reported growth of 22% in Q3 in operating revenue on YoY and sequential basis. Total tonnage handled by the Collection & Transportation reported around 13% growth YoY and around 3% growth sequentially, while total waste processed by the company during the quarter has improved by around 6% YoY and around 4% sequentially. Total compost sales rose 8.11% to 3,144 tons versus 2,908 tons in Q2.

  • RPSG: The company will consider fund raising proposal on Jan. 13.

  • Brookfield India Infrastructure: The company has called an Extraordinary General Meeting on Jan. 10 to consider proposal to borrow and create charge on assets, approve preferential issue of upto 52,87,01,04 units.

  • Timex Group India: Gets rights for Guess and GS Branded watches in India

Earnings: Delta Corp, National Standard (India)

Opinion
Aditya Birla Sun Life AMC's Key Themes For A 'Year Of Transition'

Offerings

Waaree Energies and Five-Star Business Finance have received SEBI approval for IPOs. SEBI issued an observation to Waaree Energies on Jan. 3 and to Five-Star Business Finance on Jan. 7.

Bulk Deals

  • Mindspace Business Parks REIT: Platinum Illumination A 2018 Trust bought 5.43 crore (9.1%) units at Rs 320 apiece. Brep Asia SG Pearl Holding NQ PTE sold 5.42 (9.1%) crore units at Rs 320 apiece.

  • Cerebra Integrated Technologies: Barclays Securities India bought 6.13 lakh (0.50%) shares at Rs 92.5 apiece.

  • NCC: KBC Eco Fund sold 32.55 lakh (0.53%) shares at Rs 73.52 apiece.

Upcoming Results

  • Vimta Labs: To announce Q3 results on Jan. 20.

  • Exide Industries: To announce Q3 results and consider declaration of interim dividend on Jan. 31

  • PNB Housing: To announce Q3 results on Jan. 20.

  • Gujarat Narmada Valley Fertilizers and Chemicals: To announce Q3 results on Feb. 4.

  • Ion Exchange: To announce Q3 results on Jan. 25.

  • Chambal Fertilizers and Chemicals: To announce Q3 results and consider declaration of interim dividend on Jan. 28.

  • PNB Housing: To announce Q3 results on Jan. 21.

  • Newgen Software Technologies: To announce Q3 results on Jan. 18.

  • Team Lease Services: To announce Q3 results on Jan. 25.

  • Rajratan Global Wire: To announce Q3 results on Jan. 18.

  • Polycab India: To announce Q3 results on Jan. 21.

  • LIC Housing Finance: To announce Q3 results on Jan. 19.

  • Sterlite Technologies: To announce Q3 results on Jan. 19.

  • Bharat Electronics: To announce Q3 results and consider interim dividend on Jan. 28.

  • Supreme Petrochemicals: To announce Q3 results on Jan. 21.

  • Prism Johnson: To announce Q3 results on Feb. 1.

Opinion
AMFI Data: Equity Mutual Funds See Inflows For Seventh Month In A Row

Who’s Meeting Whom

  • Team Lease Services: To meet investors on Jan. 25.

  • CEAT: To meet investors on Jan. 20.

  • Polycab India: To meet investors on Jan. 21.

  • L&T Technology Services: To meet investors on Jan. 18.

  • Sterlite Technologies: To meet investors on Jan. 19.

  • Delta Corp.: To meet investors on Jan. 12.

  • Tejas Networks: To meet investors on Jan. 19.

Opinion
Only 5% of JPMorgan’s Clients See Bitcoin at $100,000 by Yearend

Trading Tweaks

  • Price Band Revised From 10% To 5%: Manali Petrochemical

  • Price Band Revised From 20% To 5%: Jaiprakash Power Ventures, Vardhman Holdings

  • Move Into Short-Term ASM Framework: Vardhman Holdings

  • Move Out Of Short-Term ASM Framework: Graphite India

  • Record Date Face Value Split: IPCA Laboratories

  • Ex-Date Demerger: GMR Infrastructure

  • Ex-Date Spin Off: GMR Infrastructure

Money Market Update

The rupee ended at 74.03 against the U.S. Dollar on Monday as compared to Friday's closing of 74.30.

Analyst Actions

  • JSW Steel cut to 'underperform' at Jefferies; price target set at Rs 600.

  • Navneet Education raised to 'buy' at Prabhudas Lilladher

  • Tata Steel cut to 'hold' at Jefferies; price target set at Rs 1,240.

F&O Cues

  • Nifty January futures ended at 18,054.95; a premium of 51.65 points.

  • Nifty January futures added 5.05% and 10,367 shares in Open Interest.

  • Nifty Bank January futures ended at 38,513.25; a premium of 165.35 points.

  • Nifty Bank January futures added 5.96% and 5,594 shares in Open Interest.

  • Securities in the ban list: RBL Bank, Delta Corp

  • Securities added to the ban list: Indiabulls Housing Finance

All You Need To Know Going Into Trade On January 11
Opinion
Budget 2022: The Government's Burgeoning Subsidy Bill

Research Reports

Opinion
Employment Survey Indicates Modest Uptick In September Quarter