Bulk Deals and insider Trades
*Landmark Cars Limited : Goldman Sachs Funds – Goldman Sachs India Equity Portfolio Buy 392421 Shares @ Rs. 466.55
*Landmark Cars Limited : Integrated Core Strategies Asia Pte Ltd Sell 382473 Shares @ Rs. 463.82
*Essentia : Vikasa India Eif I Fund-Incube Global Opportunities Buy 2500000 Shares @ Rs. 7.79
*Director Acquisition 29303 shares of Ncl Industries Ltd.
*Harmonic Ventures Limited Promoter Group Acquisition 650000 shares of Upl Limited on 20-Dec-22
*Aziz Yousuf Zaveri Promoter Group Acquisition 8313 shares of Nrb Bearings Ltd.
*Chaitanya Jalan Promoter Acquisition 2255000 shares of Ramkrishna Forgings Ltd. on 22-Dec-22
*Sailesh T. Desai Director Disposal 9000 shares of Sun Pharmaceutical Industries Ltd.
*Promoter Disposal 5602964 shares of Ajanta Pharma Ltd.
*Mahabir Prasad Jalan Promoter Disposal 2255000 shares of Ramkrishna Forgings Ltd. on 22-Dec-22
*RAHUL CHAMARIA Promoter Group Disposal 1321 shares of Star Cement Ltd on 21-Dec-22
*Shapoorji Pallonji and Company Private Limited Promoter Disposal 5262808 shares of Sterling And Wilson Renewable Energy Ltd
*Siddeshwari Tradex Private Limited Promoter Group Revoke 3169354 shares of Jindal Steel & Power Ltd. on 22-Dec-22
*Advani Hotels & Resorts (India) Ltd. Interim Dividend Rs. 2 Ex Date 29-Dec-2022
*Sarthak Metals Ltd. Interim Dividend Rs. 1 Ex Date 30-Dec-2022
Stock in Action
UPL ltd: UPL Ltd is the largest agrochemical company in India with a holistic portfolio across crop protection, seeds, bio-solutions and post-harvest products. It is the fifth-largest agrochemical company, globally, with a presence in 138 countries. UPL has a strong and highly cost-efficient business model, having more than 70% backward integration for active ingredients (AI). H1FY23 remained strong despite challenging market conditions. Expectations of a good rabi season in India and robust demand, globally, along with higher realisations on the back of a richer product mix, should lead to an equally sturdy performance in H2. The company’s recent restructuring was a positive step towards simplifying the group structure and allowing investors to recognise its high-margin growth segments. The company plans to launch 80 products in FY23 and has a strong order book. UPL has laid down its FY2027 ambition of 7-10%/per annum long-term revenue growth, and 12-15% per annum revenue growth for the Advanta seeds business. Positive on UPL given its inexpensive valuation and reduction of debt will rerate the stock in the long term.
Kajaria Ceramics ltd.: Kajaria Ceramics, the largest tile manufacturer in the country, continues to demonstrate robust profitability and solid execution in tough market conditions. While the business is currently navigating input cost headwinds, some of the recent developments position the company even better for the next leg of growth. Kajaria is on a solid footing due to its strong market positioning and cash-rich balance sheet. However, its competitors seem to be struggling with multiple challenges. The capacity expansion in tiles, sanitaryware and other business verticals remains on track. The company has been able to grow its business organically in a challenging market and is advancing its portfolio through several strategic business initiatives. Positive on Kajaria Ceramics given the quality of its earnings, market leadership position, and a robust business model.
Sensex navigates geopolitical gyrations to outshine global peers
After a two-year liquidity-fuelled bull run, the BSE Sensex faced its moment of reckoning in 2022 as Russia marched into Ukraine, the US Federal Reserve came out all guns blazing in its war against inflation and a cataclysm engulfed global financial markets. The aftershocks of the COVID-19 pandemic combined with geopolitical upheavals, a supply shock in the energy markets and synchronised monetary policy tightening by central banks across the world meant the global economy was engulfed in a constant tangle of ‘polycrisis’. But, the unwavering faith of domestic investors kept Dalal Street relatively unscathed and the Indian benchmarks shrugged off the gloomy cues with aplomb. After a lacklustre spell for most of the year, Sensex started picking up momentum as the festive season approached. It closed at its all-time high of 63,284.19 on December 1. However, hopes of a year-end Santa Claus rally were dashed as spiralling COVID cases in China sparked renewed fears of a global pandemic wave, sending bulls scurrying for cover.
FPIs invest Rs 11,557 crore in equities during Dec; Covid to drive flows
Foreign investors have infused a net Rs 11,557 crore in Indian equities in December so far despite a market correction and increasing concerns over re-emergence of COVID in China and some other parts of the world. Going ahead, macro data from the US and COVID news will drive FPI flows and the markets in the near term, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. According to data with the depositories, Foreign Portfolio Investors (FPIs) invested a net sum of Rs 11,557 crore in equities during December 1-23. This comes following a net investment of over Rs 36,200 crore in November primarily due to weakening of the US dollar index and positivity about overall macroeconomic trends.
Sebi may prescribe higher net-worth needs for qualified stockbrokers
The Securities and Exchange Board of India (Sebi) may prescribe higher net-worth requirements among other parameters for qualified stockbrokers (QSBs) who handle a substantial number of clients, funds, and trading volumes. The Sebi board has decided that QSBs will need to comply with enhanced risk management requirements and will be under enhanced monitoring by the regulator and market infrastructure institutions. According to Sebi, 16 brokers will fall under QSB parameters that will be issued separately. “If a broker is handling daily heavy volumes and a lot of client funds, he must also have capital in proportion to operate in it. A threshold net-worth requirement for QSB could help in mitigating risks,” said an official.
Gold – Rs 54110/10gm, Silver – Rs 67404/kg, Brcrude – Rs 6210/barrel, Degumsyoil – Rs 1296/10kg, Copper – Rs 716/kg.
ONGC board rejig: Two director posts set to be merged.
Hind Zinc prepares Rs 10,000-cr blueprint for green energy, diversification.
Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops.
SGX Nifty indicates a Positive start to Indian markets trading at 17905 levels, up by 0.23% or 41 points.
Sector in focus – Banks, Metals, Telecommunications & Fertilizers.
ADVANIHOTR: Interim Dividend – Rs. – 2.00
SMLT: Interim Dividend – Rs. – 1.00
Radiant Cash Management Services: Open: 23-Dec-22; Close: 27-Dec-22
eClerx Services: Ex-Date: 26-Dec-22
Tips Industries: Ex-Date: 29-Dec-22
Technocraft Industries (I): Ex-Date: 30-Dec-22
Jagran Prakashan: Ex-Date: 05-Jan-23
Softsol India: Ex-Date: 13-Jan-23
Orbit Exports: Open: 15-Dec-22; Close: 28-Dec-22
Tanla Platforms: Open: 20-Dec-22; Close: 02-Jan-23
Dhanuka Agritech: Open: 26-Dec-22; Close: 06-Jan-23
SecUR Credentials: Bonus Issue 3:1; Ex-Date: 26-Dec-22
Advait Infratech: Bonus Issue 1:1; Ex-Date: 28-Dec-22
Naysaa Securities: Bonus Issue 15:10; Ex-Date: 30-Dec-22
Globe Commercials: Bonus Issue 1:1; Ex-Date: 06-Jan-23
KPI Green Energy: Bonus Issue 1:1; Ex-Date: 18-Jan-23
Filatex India: Stock Split From Rs. 2/- to Rs. 1/-; Ex-Date: 27-Dec-22
Supreme Petrochem: Stock Split From Rs. 4/- to Rs. 2/-; Ex-Date: 05-Jan-23
Vishnu Chemicals: Stock Split From Rs. 10/- to Rs. 2/-; Ex-Date: 13-Jan-23
Rajapalayam Mills: Ex-Date: 30-Dec-23
Visagar Financial Services: Ex-Date: 30-Dec-23
Hatsun Agro Products: Open: 19-Dec-22; Close: 09-Jan-23
26th December: Vaxtex Cotfab to consider Bonus & Fund raising; Central Bank of India, Dhruva Capital Services, Kapil Raj Finance, Share India Securities to consider Fund raising
27th December: ARC Finance, Indowind Energy to consider Right Issue; SEPC Limited to consider Fund raising
28th December: Alexander Stamps, Capri Global Capital, K&R Rail Engineering to consider Fund raising
29th December: RO Jewels to consider Bonus & Stock Split; Retro Green Revolution to consider Fund Raising
02nd January: Inventure Growth & Securities to consider Fund raising; Coastal Corporation to consider Right Issue
03rd January: Karnavati Finance to consider Stock Split
04th January: IRB Infrastructure Developers to consider Stock Split
05th January: K P Energy to consider Stock Split
12th January: HCLTECH to consider Dividend
18th January: PERSISTENT to consider Dividend
20th January: COFORGE to consider Dividend