All You Need To Know Going Into Trade On June 11

Asian stocks were steady early Friday after U.S. shares and Treasuries rallied as investors judged that a jump in inflation is likely to be transitory, leaving scope for ongoing central-bank support.

Japanese shares fluctuated, South Korea rose and Australia slipped. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 15,776 as of 7 a.m.

The S&P 500 Index climbed to a record overnight, while a technology rally boosted the Nasdaq 100. U.S. equity contracts were little changed.

The 10-year U.S. Treasury yield held most of an earlier drop to 1.43%, its lowest point since March. The yield declined after a brief jump on above-forecast gains in U.S. consumer prices. The dollar retreated.

The CPI increase in May was driven largely by categories associated with a broader reopening of the economy, as vaccinations bring the pandemic under control. Despite some signs of wider price pressures, concerns about a spike in longer-term borrowing costs that could destabilise global markets have eased.

Elsewhere, crude oil pared a rally while staying above $70 a barrel. A decision by international banking regulators to classify Bitcoin as the riskiest of assets buffeted the virtual currency, but it remains higher for the week at about $36,950.

Later Friday, investors will be keeping an eye on the opening of the Group of Seven leaders’ summit in the U.K.

Stocks To Watch

• Yes Bank: To seek shareholders approval to raise up to Rs 10,000 crore via issue of debt securities.
• NHPC: Approved raising up to Rs 4,300 crore through issuance of secured, redeemable, taxable, non-cumulative, non-convertible taxable corporate bonds in FY22.
• Suven Pharmaceuticals Ltd, CSIR-Indian Institute of Chemical Technology, Hyderabad and CSIR-National Institute of Interdisciplinary Science & Technology, Thiruvananthapuram have entered into an agreement for the process technology transfer and manufacturing of the anti-Covid drugs, Molnupiravir and 2-DG. This is a related party transaction as one of the Independent Directors of SPL, S Chandrasekhar, is also the Director of CSIR-IICT, Hyderabad. The agreements between the parties involve a total fee of Rs 8 lakh plus taxes for the grant of the licenses on a non-exclusive basis to SPL.
• GOCL Corporation: The company and its wholly-owned subsidiary, IDL Explosives, have bagged orders of Rs 286.63 crore from Coal India. The company will supply raydets, electronic and other detonators and cartridge explosives over a period of 2 years to Coal India.
• Godrej Properties: Godrej Projects Development, a wholly-owned subsidiary of the company, has acquired 20% issued and paid-up share capital of Vagishwari Land Developers for Rs 29.99 crore.
• Indian Bank: Declared the non-performing accounts of Emmsons International, Runit Fabrics and KR Corporation as fraud and reported them to the RBI.
• Reliance Industries: Partly paid-up equity shares will be entitled to a dividend of Rs 3.50 per share for FY21.
• Mangalore Refinery and Petrochemicals: Approved the scheme of amalgamation of ONGC Mangalore Petrochemicals with the company. The amalgamation will create greater synergies between the business operations of both the companies, result in optimal utilisation of resources and will maximise returns to the entire group, the company said.
• Power Grid Corp: To consider a free share issue on June 17.
• Kolte-Patil Developers: Gopal Sarda has resigned as the Group CEO of the company effective June 10.
• Cosmo Films: Cosmo Speciality Chemicals, a subsidiary of the company, has launched a new product called Fabritizer, an after-wash laundry sanitiser for germ-free clothing.
• Shriram Transport Finance: To consider QIP share issue price

• Earnings: DLF, BEML, Bharat Heavy Electricals, CG Power and Industrial Solutions, Cochin Shipyard, Deccan Cements, DFM Foods, Heranba Industries, Likhitha Infrastructure, Lumax Industries, Max Ventures and Industries, Patel Engineering, Sun TV Network

IPO Watch

• Dolda Dairy IPO open June 16, closes June 18
• Krishna Institute of Medical Sciences’ IPO open June 16, Close June 18
• Sansera Engineering files DRHP, seeks SEBI approval for IPO

Earnings Post Market Hours

NHPC Q4FY21 (Consolidated, QoQ)

• Revenue down 32% at Rs 1,609.17 crore Vs Rs 2,359.68 crore
• Net profit down 51% at Rs 427.55 crore Vs Rs 869.21 crore
• Ebitda down 60% at Rs 548.10 crore Vs Rs 1,364.21 crore
• Ebitda margin at 34.1% Vs 57.8%

National Fertilizers Q4FY21 (Consolidated, QoQ)

• Revenue up 1% at Rs 2,961.17 crore Vs Rs 2,938.69 crore
• Net loss of Rs 9.53 crore Vs Net profit of Rs 52.89 crore
• Ebitda down 46% at Rs 114.03 crore Vs Rs 210.44 crore
• Ebitda margin at 3.9% Vs 7.2%

Eclerx Services Q4FY21 (Consolidated, QoQ)

• Revenue 20% at Rs 472.8 crore Vs Rs 394.30 crore
• Net profit up 38% at Rs 98.30 crore Vs Rs 71.20 crore
• Ebitda up 36% at Rs 152.40 crore Vs Rs 112 crore
• Ebitda margin at 32.2% Vs 28.4%
• Recommended dividend of Re 1 per share
• Constant currency growth at 19.3%. Offshore growth stronger than onshore.

Pledge Share Details

• Adani Enterprises: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 36.38 lakh shares on June 8.
• Adani Transmission: Promoters (Adani Tradeline LLP, Gautam Adani and Rajesh Adani) revoked pledge of 28.70 lakh shares on June 8.
• Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 30.71 lakh shares between June 7-8.
• JSW Steel: Promoters (Vividh Finvest and JTPM Metal Traders) revoked pledge of 44.71 lakh shares between June 8-9.
• Motherson Sumi Systems: Promoter Samvardhana Motherson International revoked pledge of 1 crore shares on June 7.

As reported on June 10.

Bulk Deals

• BF Utilities: SI Investments Broking bought 2.11 lakh shares (0.56%) at Rs 414.43 per share.
• Mold-Tek Packaging: ITI Mutual Fund sold 1.41 lakh shares (0.50%) at Rs 503.64 per share. K India Opportunities Fund bought 6 lakh shares (2.21%) at Rs 499.35 per share. Kitara India Micro Cap Growth Fund sold 6 lakh shares (2.21%) at Rs 499.35 per share.

Insider Trades

• Aarti Industries: Promoters (Shreya Suneja and Sarla Shah) sold 55,500 shares between June 7-9.
• Kalyani Investment Company: Promoter Ajinkya Investment and Trading Company bought 24,113 shares on June 9.
• Laurus Labs: Promoters (Chunduru Rao and Ravi Vantaram) sold 8 lakh shares between June 8-9.
• Man Infraconstruction: Promoter Parag Shah bought 2.50 lakh shares on June 9.
• Nelcast: Promoter P Deepak bought 20,000 shares on June 9.
• Panama Petrochem: Promoter Ittefaq Ice & Cold Storage Company bought 24,068 shares on June 9.
• Ultramarine & Pigments: Promoters (S Narayan, Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 41,516 shares on June 9.

Who’s Meeting Whom

• Great Eastern Shipping Co.: To meet Morgan Stanley Investment Management and DSP MF on June 14.

Trading Tweaks

• Ex-Date Final Dividend: Reliance Industries, Bajaj Consumer Care, Foseco India, Bansal Roofing Products
• Record Data Final Dividend: Asian Paints, Shree Digvijay Cement Co., Nippon Life India Asset Management, ITC
• Price Band Revised From 10% To 5%: DB Realty
• Price Band Revised From 20% To 10%: Jaiprakash Associates
• Move Into Short-Term ASM Framework: DB Realty, Fairchem Organics, GTL Infrastructure
• Move Out Of Short-Term ASM Framework: Infibeam Avenues, Nitin Spinners
• Move Into ASM Framework: Jain Irrigation Systems, Bajaj Hindusthan Sugar

Money Market Update

• The rupee ended at 73.05 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 72.97.

F&O Cues

• Nifty June futures ended at 15,753.10; a premium of 15.35 points.
• Nifty June futures added 5.69% and 8,112 shares in Open Interest
• Nifty Bank June futures ended at 35,300; premium of 168.8 points
• Nifty Bank June futures shed 6.05% and 4,221 shares in Open Interest
• Securities added in ban list: Indiabulls Housing Finance
• Securities that continue to be on the ban list: BHEL, Canara Bank, Nalco and Sun TV
• Securities out of the ban list: SAIL