All You Need To Know Going Into Trade On June 29

Asian stocks opened lower after the reflation trade fizzled in the U.S. amid new travel curbs in some parts of the world.

Japan underperformed, while Australia and South Korea had more modest declines. U.S. futures dipped after technology stocks led U.S. benchmarks to fresh records Monday. The S&P 500 eked out a gain on news that Facebook Inc. won dismissal of two monopoly lawsuits.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 15,876.50 as of 7:10 a.m.

The Treasury yield curve flattened amid month-end index rebalancing and the break in auctions until July 12, reducing supply. Oil held a drop with the market expecting OPEC+ producers to increase supply at an upcoming meeting. Bitcoin was steady around mid-$34,000.

Earnings Post Market Hours

Nalco Q4FY21 (Consolidated, QoQ)

• Revenue up 19% at Rs 2,821.48 crore Vs Rs 2,378.79 crore

• Net profit up 2.90 times at Rs 935.74 crore Vs Rs 239.71 crore

• Ebitda up 1.18 times at Rs 944.01 crore Vs Rs 433.87 crore

• Ebitda margin at 33.5% Vs 18.2%

NLC India Q4FY21 (Consolidated, QoQ)

• Revenue up 28% at Rs 2,839.55 crore Vs Rs 2,214.86 crore

• Net profit up 3.40 times at Rs 752.84 crore Vs Rs 171.18 crore

• Ebitda up 78% at Rs 849.25 crore Vs Rs 477.11 crore

• Ebitda margin at 29.9% Vs 21.5%

Future Lifestyle Fashions Q4FY21 (Consolidated, QoQ)

• Revenue down 12% at Rs 831.62 crore Vs Rs 950.09 crore

• Net loss at Rs 149 crore Vs Rs 173.60 crore

• Ebitda up 83% at Rs 85.33 crore Vs Rs 46.62 crore

• Ebitda margin at 10.3% Vs 4.9%

Graphite India Q4FY21 (Consolidated, QoQ)

• Revenue up 13% at Rs 565 crore Vs Rs 499 crore

• Net profit up 1.78 times at Rs 64 crore vs Rs 23 crore

• Ebitda gain of Rs 78 crore Vs Ebitda loss at Rs 74 crore

Federal-Mogul Goetze (India) Q4FY21 (Consolidated, QoQ)

• Revenue up 5% at Rs 376.32 crore Vs Rs 356.78 crore

• Net loss at Rs 5.73 crore Vs Net profit Rs 34.82 crore

• Ebitda down 4% at Rs 63.41 crore Vs Rs 65.89 crore

• Ebitda margin at 16.9% Vs 18.5%

Stocks To Watch

• HDFC Life Insurance Co: Foreign promoter Standard Life (Mauritius Holdings) 2006 to sell 3.46% stake in HDFC Life for $640 million (over Rs 4,600 crore) via a block deal, according to a Bloomberg News report. Standard Life will sell 7 crore shares at Rs 658-678 apiece, which is at a discount of 2.6-5.5% to Monday’s close of Rs 696.20. After this deal, the promoter’s stake in the life insurer will reduce to 5.46% from 8.88%.

• Piramal Enterprises: Approved the allotment of 3,650 secured NCDs of face value of Rs 10 lakh each aggregating to Rs 365 crore on private placement basis.

• Punjab National Bank: Selects Ebixcash to manage Enterprise Wide Area Network.

• Ramco Systems: The company will provide its next-gen Enterprise Resource Planning software to Aden Ports Development Company at their Aden Container Terminal.

• Thomas Cook India: Has signed a deal with Shanghai Disney Resort.

• Godrej Consumer Products: ICRA has upgraded the company’s long-term rating to AAA (Stable) from AA+ (Stable) and reaffirmed its short-term rating of A1+.

• RITES: Secured anorder of approximately Rs 45 crore from Metro Express, Mauritius. The company has been awarded additional work of consultancy services for extension of the mainline, from Rose Hill to Reduit, through Ebene.

• Lloyds Metals and Energy: Approved the allotment of 9 crore shares of face value of Re 1 each, at a premium of Rs 19 each, aggregating to Rs 180 crore. Further the company will allot 1 crore 3% Optionally Fully Convertible Debentures of face value of Rs 20 each aggregating to Rs 20 crore to Thriveni Earthmovers.

• Earnings: Beekay Steel Industries, Balmer Lawrie Investments, DCM Shriram Industries, DREDGING Corporation Of India, EID-Parry (India), Fermenta Biotech, Finolex Cables, Gallantt Metal, Gallantt Ispat, GOCL Corporation, Gujarat Mineral Development Corporation, Hindustan Oil Exploration, Himadri Speciality Chemical, Housing & Urban Development Corporation, IND-Swift Laboratories, Indian Railway Catering and Tourism Corporation, Indian Railway Finance Corporation, MTNL, NBCC (India), Rossell India, Ruchi Soya Industries

Pledge Share Details

• Adani Enterprises: Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 9.85 lakh shares on June 25.

• Adani Transmission: Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 5.50 lakh shares on June 25.

• Aurobindo Pharma: Promoter K Nityananda Reddy created a pledge of 7 lakh shares on June 25.

• Ajanta Pharma: Promoter Ravi Agrawal revoked pledge of 1.55 lakh shares on June 25.

• Kalpataru Power Transmission: Promoter Kalpataru Properties created a pledge of 10.88 lakh shares. Promoter Kalpataru Constructions revoked pledge of 23 lakh shares between June 24-25. Promoter KC Holdings revoked pledge of 19.80 lakh shares on June 24.

  As reported on June 28.

Bulk Deals

• Hindustan Media Ventures: Kotak Mahindra (International) sold 39.68 lakh shares (5.39%) at Rs 81.17 per share. Lavender Investments sold 30.50 lakh shares (4.14%) at Rs 81.16 per share.

• Hexa Tradex: Promoter Siddeshwari Tradex bought 4.94 lakh shares (0.89%) at Rs 117.39 per share.

• Krishna Institute of Medical Sciences: Nomura India Investment Fund bought 12.89 lakh shares at Rs 992.3 per share. Societe Generale sold 4.42 lakh shares at Rs 981.41 per share. Ashish Kacholia sold 4.23 lakh shares at Rs 959.59 per share.

• Thyrocare Technologies: Nalanda India Equity Fund sold 37.09 lakh shares (7.02%) at Rs 1,314.63 per share. Plutus Wealth Management LLP bought 15 lakh shares (2.84%) at Rs 1,300 per share.

Block Deals

• Max Ventures and Industries: Promoter Siva Enterprises bought 1.46 crore shares (10%) at Rs 69.45 per share. Promoter Max Ventures Investment Holdings sold 1.46 crore shares (10%) at Rs 69.45 per share.

• Minda Industries: Promoter Singhal Fincap bought 4.80 lakh shares (0.18%) at Rs 666 per share. Promoter Nirmal Kumar Minda sold 4.80 lakh shares (0.18%) at Rs 666 per share.

• Max India: Promoter Max Ventures Investment Holdings sold 26.83 lakh shares (4.99%) at Rs 70.4 per share. Siva Enterprises bought 26.83 lakh shares (4.99%) at Rs 70.4 per share.

• Tanla Platforms: SBI Life Insurance Company bought 5 lakh shares (0.37%) at Rs 836.8 per share. Smallcap World Fund Inc bought 4.64 lakh shares (0.34%) at Rs 836.8 per share. Banyan Investments sold 7.14 lakh shares at Rs 836.8 per share. Sidhant Sachdev sold 1.25 lakh shares (0.09%) at Rs 836.8 per share.

Insider Trades

• Adani Green Energy: Promoter Infinite Trade and Investment bought 18 lakh shares on June 25.

• Eris Lifesciences: Promoter Himanshu Shah sold 44,127 shares between June 24-25

• Glenmark Pharmaceuticals: Promoter Glenn Saldanha bought 7,800 shares on June 23.

• JSW Energy: Promoter Siddheshwari Tradex created a pledge of 30 lakh shares on June 24.

• JK Cement: Promoter Ramapati Singhania sold 1,400 shares on June 25.

• Karda Constructions: Promoter Prem Karda sold 3 lakh shares on June 25.

• Lincoln Pharmaceuticals: Promoter Munjal Patel bought 50,000 shares on June 28.

• MRF: Promoter Soma Philips sold 718 shares between June 24-25.

• Man Infraconstruction: Promoter Parag Shah bought 2.50 lakh shares on June 25.

• Olectra Greentech: Promoter LP Sashikumar sold 50,000 shares between June 23-25.

• Sterlite Technologies: Promoter Jyoti Agarwal sold 31,500 shares on June 25.

• Titagarh Wagons: Promoter Titagarh Capital Management Services bought 4.76 lakh shares on June 22.

Who’s Meeting Whom

• Indian Energy Exchange: To meet Monarch Networth Capital on June 29 and UBS Asset Management on June 30.

• Rossari Biotech: To meet Rossari Biotech on June 29.

Trading Tweaks

• Ex-Date Dividend: HDFC Bank, HDFC Asset Management Company, Sundaram Finance Holdings, Sagarsoft (India)

• Ex-Date Final Dividend: Khaitan Chemicals & Fertilizers, Neuland Laboratories, Happiest Minds Technologies

• Ex-Date AGM: Greenpanel Industries

• Price Band Revised From 20% To 10%: Avadh Sugar & Energy, Uttam Sugar Mills

• Move Out Of Short-Term ASM Framework: Ajmera Realty & Infra India

• Move Into ASM Framework: Ajmera Realty & Infra India, Jet Airways (India)

Money Market Update

• The rupee ended at 74.19 against the U.S. Dollar on Monday as compared to Friday's closing of 74.18.

F&O Cues

• Nifty July futures ended at 15,861.65; a premium of 46.95 points.

• Nifty July futures shed 1.41% and 2,714 shares in Open Interest

• Nifty Bank July futures ended at 35,543.55; a premium of 184.1 points

• Nifty Bank July futures added 2.48% and 1,926 shares in Open Interest

• Securities added to the ban list: Nalco