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All You Need To Know Going Into Trade On June 14

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

At breakfast time, your morning cup of tea or coffee can be substituted with a healthy smoothie or a milkshake containing fruits, yoghurt /milk.
At breakfast time, your morning cup of tea or coffee can be substituted with a healthy smoothie or a milkshake containing fruits, yoghurt /milk.

Asian stocks were mixed Monday in holiday-thinned trading as investors prepared for a key Federal Reserve meeting later in the week.

Shares saw modest gains in Japan and slipped in South Korea. Trading volumes are expected to be light with a number of holidays in the region including in Australia, China and Hong Kong.

U.S. futures were little changed after stocks staged a late rally Friday, closing at another record after a choppy day of trading. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.37% to 15,765 as of 6:50 a.m.

The dollar was steady against Group-of-10 peers during early Asia trading in the wake of a Group-of-Seven leadership meeting that emphasized unity.

Elsewhere, Bitcoin jumped after Elon Musk said Tesla would resume transactions with the cryptocurrency when mining it is done with more clean energy. West Texas Intermediate crude was steady at $70.95 per barrel.

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Even Without Trump There Are Tensions Between the U.S and Allies

Data To Watch

  • 12 pm: India May Wholesale Price Inflation YoY, est. 13.40%, prior 10.49%
  • 5:30 pm: India May Consumer Price Inflation YoY; est. 5.40%, prior 4.29%
All You Need To Know Going Into Trade On June 14

Stocks To Watch

  • Adani Enterprises: Incorporated a wholly-owned subsidiary Adani Cement Industries Ltd. on June 11. Adani Cement will manufacture, process all types of cements.
  • ABB India: To sell Turbocharger and Dodge Mechanical Power Transmission businesses. The Board of Directors’ decision is in line with ABB Group’s already announced ongoing systematic portfolio restructuring to strengthen competitiveness, focus on quality of revenue and higher growth segments.
  • Lupin: Received a warning letter from the U.S. FDA for the company’s Somerset facility in New Jersey. The warning letter came after inspections of the plant by the regulator from September to November last year.
  • Info Edge (India): To acquire Zwayam Digital for Rs 61 crore. The acquisition is expected to be completed by June 30.
  • Bank of India: Allotted 42.11 crore fresh equity shares of Rs 10 each to the government (promoter) at Rs 71.23 per share, amounting to Rs 3,000 crore through preference issue.
  • Welspun Corp: To set up a greenfield facility at Anjar to enter the Ductile Iron pipe business. To increase the capacity for DI pipes to 400 KMTPA from earlier proposed 250 KMTPA and add DI fittings to the product range. This would bring the total cost of project to Rs 1,550 crore (plus soft cost) from the earlier planned Rs 1,250 crore (plus soft cost). The project is being funded through a combination of internal accruals and debt and is expected to be commissioned by April 2022.
  • Tata Consultancy Services: Designed and delivered a key customer experience transformation program for Alcatel-Lucent Enterprise to drive improved sales velocity and revenue growth.
  • Apcotex Industries: Sales from the new product range of Nitrile Latex for the gloves industry has picked-up swiftly during the financial year. The company aims to make this product range one of the future growth drivers. It also intends to install new capacities at both Valia and Taloja and is working on obtaining the required approvals. The company will continue to look for opportunities in new adjacent products as well as opportunities for inorganic growth.
  • INOX Leisure: Announced closure of the QIP, launched on Tuesday, June 8. The issue price of the QIP has been fixed at Rs 310 per share.
  • Engineers India: Has designated Sanjay Jindal, Group General Manager (F&A), as Chief Financial Officer of the company. Jindal will replace Sunil Bhatia as CFO with effect from July 1.
  • Heranba Industries: Appointed Rajkumar Bafna as Chief Financial Officer with effect from July 1. Bafna will replace Maheshwar Godbole as CFO, who will retire from the position on June 30.
  • Indoco Remedies: Chief Financial Officer Mandar Borkar has resigned from the position to explore new opportunities. Borkar will be relieved from his duties with effect from June 18.
  • Nifty Earnings: Coal India
  • Non-Nifty Earnings: Indian Overseas Bank, IDFC, IFB Industries, Hemisphere Properties India, Greenply Industries, BF Investment, BF Utilities, Globus Spirits, JB Chemicals & Pharmaceuticals, Jaiprakash Power Ventures, Kajaria Ceramics, Kellton Tech Solutions, Manorama Industries, Ramky Infrastructure, Responsive Industries, Satin Creditcare Network, Tips Industries, Uttam Sugar Mills

IPO Watch

  • Shyam Metalics IPO at Rs 303-306 open for sale, close June 16; company raised Rs 270 crore by allotting 8.82 million shares to 22 anchor investors at Rs 306 each on June 11
  • Sona BLW Precision Forgings IPO at Rs 285-291 open for sale, closes on June 16; company raised Rs 2,500 crore by allotting 85.82 million shares to 56 anchor investors at Rs 291 each on June 11.
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Earnings Post Market Hours

Sun TV Network Q4FY21 (Consolidated, QoQ)

  • Revenue down 19% at Rs 802.55 crore Vs Rs 994.14 crore
  • Net profit up 9% at Rs 487.46 crore Vs Rs 445.54 crore
  • Ebitda down 9% at Rs 550.90 crore Vs Rs 608.07 crore
  • Ebitda margin at 68.6% Vs 61.2%
  • Advertisement revenue up 8% at Rs 314.87 crore
  • Subscription revenue for the year up 10% at Rs 1,721.48 crore

DLF Q4FY21 (Consolidated, QoQ)

  • Revenue up 11% at Rs 1,712.57 crore Vs Rs 1,543.03 crore
  • Net profit up 7% at Rs 480.94 crore Vs Rs 451.18 crore
  • Ebitda down 9% at Rs 453.86 crore Vs Rs 499.08 crore
  • Ebitda margin at 26.50% Vs 32.34%
  • Whole-time Directors Ashok Tyagi and Devinder Singh redesignated as CEOs
  • Net debt stood at Rs 4,885 crore
  • Office rentals grew by 10% in FY21

Bharat Heavy Electricals Ltd Q4FY21 (Consolidated, QoQ)

  • Revenue up 61% at Rs 7,170.47 crore Vs Rs 4,451.36 crore
  • Net loss of Rs 1,034.82 crore Vs Rs 217.44 crore
  • Ebitda loss of Rs 1,268.40 crore Vs Rs 180.41 crore

Edelweiss Financial Services Q4FY21 (Consolidated, QoQ)

  • NII up 68% at Rs 2,099.89 crore Vs Rs 1,253.55 crore
  • Net profit of Rs 628.63 crore Vs Net loss of Rs 69.72 crore
  • Recommended a final dividend of Re 0.55 per share
  • To raise up to Rs 3,000 crore via issue of NCDs on private placement basis
  • To raise up to Rs 1,500 crore via public issue of NCDs
  • To raise up to Rs 2,000 crore via shares, ADR, GDR
  • Customer assets up 35% year-on-yeat to Rs 2.80 lakh crore
  • D/E reduced to 2.5xin FY21 from 4.4x in FY19
  • Borrowings declined by 41% over FY19 levels
  • Wholesale lending book down 35% from FY19 levels. Expected to reduce by 50% by FY23

Cochin Shipyard Q4FY21 (Consolidated, YoY)

  • Revenue up 44% at Rs 1,080.31 crore Vs Rs 748.69 crore
  • Net profit up 6% at Rs 236.21 crore Vs Rs 223.84 crore
  • Ebitda down 19% at Rs 257.51 crore Vs Rs 316.03 crore
  • Ebitda margin at 23.8% Vs 42.2%
  • Recommended a final dividend of Rs 2.50 per share

Pledge Share Details

  • Adani Green Energy: Promoter Infinite Trade and Investment bought 10 lakh shares on June 10.
  • Chambal Fertilisers & Chemicals: Promoters (Simon India, Zuari Investments and Zuari Global) revoked pledge of 31 lakh shares between June 8-9
  • Infibeam Avenues: Promoters (Tripwheels and Drive, and O3 Developers) revoked pledge of 75.22 lakh shares between June 10-11.
  • Crompton Greaves Consumer Electricals: Promoter Amalfiaco revoked pledge of 3.36 crore shares on June 8.
  • JSW Energy: Promoter JSW Investments revoked pledge of 1.70 crore shares on June 9.

As reported on June 11.

Bulk Deals

  • Accelya Solutions India: Plutus Wealth Management LLP bought 7 lakh shares (4.69%) at Rs 1,194.91 per share. Setu Securities sold 2.50 lakh shares (1.68%) at Rs 1,192.29 per share.
  • Bharat Forge: Promoter Ajinkya Investment & Trading Co sold 46.56 lakh shares (1%) at Rs 750.8 per share.
  • Globus Spirits: Templeton Strategic Emerging Markets Fund IV LDC sold 3.31 lakh shares (1.15%) at Rs 383.22 per share.
  • Indiabulls Housing Finance: Blackrock Emerging Markets Fund INC bought 25.50 lakh shares (0.55%) at Rs 287.84 per share.

Block Deals

  • HEG: Promoter Bharat Investments Growth bought 1 lakh shares (0.26%) at Rs 2,300 per share. Promoter Jhunjhunwala Ravi sold 1 lakh shares (0.26%) at Rs 2,300 per share.
  • Bharat Forge: Morgan Stanley Asia Singapore Pte bought 2 lakh shares (0.04%) at Rs 750.8 per share. Tata AIG Life Insurance Co bought 9.32 lakh shares (0.20%) at Rs 750.8 per share. Tara Emerging Asia Liquid Fund bought 2.66 lakh shares (0.06%) at Rs 750.8 per share. Goldman Sachs Investments (Mauritius) I bought 3.93 lakh shares (0.08%) at Rs 750.8 per share. Kuwait Investment Authority bought 4.66 lakh shares (0.10%) at Rs 750.8 per share. Tata Mutual Fund bought 1.99 lakh shares (0.04%) at Rs 750.8 per share. SBI Life Insurance Company bought 19.97 lakh shares (0.43%) at Rs 750.8 per share. Sundaram Mutual Fund bought 2 lakh shares (0.04%) at Rs 750.8 per share. Promoter Ajinkya Investment & Trading Co sold 46.56 lakh shares (1%) at Rs 750.8 per share.

Insider Trades

  • Asian Granito India: Promoter Mukeshbhai Patel sold 2.99 lakh shares between June 8-9.
  • Dhanuka Agritech: Promoters (Triveni Trust and Pushpa Dhanuka Trust) sold 23.28 lakh shares on June 9.
  • Crompton Greaves Consumer Electricals: Promoter Amalfiaco sold 3.36 crore shares on June 9.
  • Eris Lifesciences: Promoter Himanshu Shah sold 89,055 shares between June 8-10.
  • Mold-Tek Packaging: Promoter Durga Sundeep sold 9,485 shares between June 7-10
  • Plastiblends India: Promoter Jyoti Kabra bought 8,000 shares between June 8-10.
  • Panama Petrochem: Promoter Panama Builders Developers bought 54,027 shares between June 9-11.
  • Ultramarine & Pigments: Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman and S Narayan) sold 11,800 shares on June 10.

Who’s Meeting Whom

  • Great Eastern Shipping Co.: To meet Unify Capital on June 14.
  • Eicher Motors: To meet Enam Asset Management on June 14, Capital World Investors and Janus Henderson on June 15, and UBS Global Asset Management on June 17.
  • Cipla: To meet AIA, Hong Kong on June 18.

Trading Tweaks

  • Ex-Date Final Dividend: The Indian Hotels Company, Tata Chemicals, Hindustan Unilever
  • Ex-Date AGM: Phillips Carbon Black
  • Record Date Final Dividend: Reliance Industries
  • Price Band Revised From 10% To 5%: Adani Power, Jaiprakash Power Ventures
  • Move Into Short-Term ASM Framework: RPSG Ventures, Cerebra Integrated Technologies, Network18 Media & Investments, Den Networks
  • Move Out Of Short-Term ASM Framework: NACL Industries, Fairchem Organics, Shree Renuka Sugars, Share India Securities, Prince Pipes And Fittings, Kingfa Science & Technology (India)
  • Move Into ASM Framework: NACL Industries, Fairchem Organics, Shree Renuka Sugars, Man Infraconstruction, Jaiprakash Associates, Prajay Engineers Syndicate

Money Market Update

  • The rupee ended at 73.06 against the U.S. Dollar on Friday as compared to Thursday's closing of 73.05.

F&O Cues

  • Nifty June futures ended at 15,821.15; a premium of 21.8 points.
  • Nifty June futures added 4.45% and 6,699 shares in Open Interest
  • Nifty Bank June futures ended at 35,164; premium of 116.6 points
  • Nifty Bank June futures added 2.41% and 1,576 shares in Open Interest
  • Securities that continue to be on the ban list: BHEL, Canara Bank, Indiabulls Housing Finance, Nalco and Sun TV
All You Need To Know Going Into Trade On June 14
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