Stock market essentials: December 5

EVENTS

Dec 5 to Dec 7: MPC Meeting

U.S. S&P Global PMI Services, Composite

Corporate Action:

Dhanlaxmi Bank to consider fund raising

Adani’s open offer for NDTV to end on 5 Dec: Agencies

Others

Winter session of Uttar Pradesh Assembly

Centre to convene all-party meet on G20-summit preparations: Agencies

The Finance Ministry has called a meeting of CEOs of banks, including top six private sector lenders: Agencies

EU sanctions on Russian oil are set to kick in

ECB President Christine Lagarde gives keynote speech on “Transition Towards a Greener Economy: Challenges and Solutions” in Cambodia

US-EU Trade and Technology Council ministerial meeting takes place in Washington

Oil & Gas Updates

Brent Crude at $87.4/bbl Vs $86.9/bbl

Singapore GRM at $6.7/bbl Vs $8.4/bbl

Asia Spot Gas prices at $31.8/mmBtu Vs $33.8/mmBtu

FII/DII Data:

FIIs net bouht shares worth `214.6 cr on Dec 2 (prov)

DIIs net bought shares worth `712.34 cr on Dec 2

FII F&O Cash Data:

Index futures net sell Rs 3917.8 cr

Index options net sell Rs 1109 cr

Stock futures net sell Rs 2043 cr

Stock options net sell Rs 44 cr

Total FII net sell Rs 7115 cr in F&O

F&O Ban:

PNB, Delta corp, Indiabulls Hsg Fin

Removed: BHEL

Bulk/Block Deal

VIKASA INDIA EIF I FUND sold 3.9lac shares of NDTV at 414

MORGAN STANLEY MAURITIUS COMPANY LTD bought 27.3lac shares of PB Fintech at 456

SOCIETE GENERALE bought 26Lac shares of PB Fintech at 456

SVF INDIA HOLDINGS (CAYMAN) LIMITED sold 228lac shares of PB Fintech at 456

SANTOSH INDUSTRIES LTD bought 10 lac shares of Skipper Limited at 106

CORPORATE ANNOUNCEMENT

ETHOS

Pranav Shankar Saboo acquired 100,200 equity shares of Ethos Limited by way of gift from his father – Mr. Yashovardhan Sabo

Pranav Shankar Saboo Shareholding has increased from increased from 0.00% to 0.43%

Yashovardhan Saboo, Promoter as on date in the Company has reduced from 1.29% to 0.86%

ASHIANA HOUSING

company has entered into a registered Development Agreement on 01st December 2022 with a Jaipur based company, namely Pinkcity Infracon Private Limited, to develop a group housing project on a piece of land owned by Pinkcity Infracon on revenue share basis, with approximate saleable area of 4.00 lakh sq. ft at Village Murlipura, Jagatpura, Jaipur (Rajasthan).

HARSHA ENGINEERS

Proposed merger with Harsha Engineers B.V. – all necessary approvals under the laws of Netherlands have been received.

CCL PRODUCTS

Additional director appointed

EOGM for regularizing appointment

approved Demerger of the marketing and distribution division of Coffee and FMCG Products of Continental Coffee Private Limited, wholly owned subsidiary of the Company into the Parent Company, CCL Products (India) Limited and approved the draft Scheme of Arrangement in this regard.

Incorporates new co in Qatar

shall subscribe to the share capital of QAR 100,000 of wholly owned subsidiary

business of Lifestyle Products

IT refund of 427cr received

ION EXCHANGE

Company has been awarded a contract by Indian Oil Corporation Limited (IOCL), for Designing, Engineering, Manufacturing, Supply, Erection, Testing, Pre-commissioning, Commissioning, Performance Guarantee Test Run and Operation & Maintenance for five years of Zero Liquid Discharge plant at Panipat Refinery at a contract value of INR 343.36 crores including GST

RAMA STEEL TUBES

2 orders of aggregating to 6.7cr

from Purvanchal Vidut Vitran Nigam Limited and Paschimanchal Vidut Vitran Nigam Limited

mainly for supply of Steel tubular poles

Announced commissioning of 1.8 mtpa greenfield grinding capacity at Dhule Grinding Unit, Maharashtra

And

1.8 mpta brownfield clinker backed 2nd grinding capacity at Dhar Cement Works, Madhya Pradesh

part of the first phase of capacity expansion announced in December 2020

Company’s total cement manufacturing capacity in India now stands at 119.45 mtpa

KIRLOSKAR FERROUS

In-line with merger with ISMT

Kirloskar Industries has purchased 1,50,00,000 equity shares of 5 each of ISMT Limited from open market on 24 November 2022

SJVN

Director change

STERLING & WILSON

BLS INTERNATIONAL: EGM for increase in authorized share capital and issue of bonus shares

DFM FOODS: GST litigation may lead to 101cr of demand and 101cr of penalty on Co

UNITED SPIRITS

NCLT order on scheme of amalgamation amongst Pioneer Distilleries and USL and shareholders and creditors

JBM AUTO

Subsidiary incorporated to carry on the business in automotive sector and yet to commence its business operations.

INOX GREEN ENERGY

Seethappa Karunakaran Mathusudhana appointed CEO

Director appointments

CONSOL QOQ

Revenue at 61.9cr vs 61.8cr, up 0.2% QOQ

Loss at 11.9cr vs 11.6cr QOQ

EBITDA at 15.2cr vs 17.5cr, down 13% QOQ

Margin at 24.6% vs 28.3% QOQ

Business update – Nov 2022

Disbursement of 4500cr, up 75% YOY

YTD disbursement at 31050cr, up 99% YOY

CE of Nov at 96% vs 94% YOY

BANK OF INDIA

Issued allotted NCDs of 500cr

INOX WIND

Director appointments

CONSOL YOY

Revenue at 107.22 vs 165.8, down 35.3%

Loss of 133.8cr vs 57.5cr

EBITDA loss of 18.7cr vs EBITDA of 4.87cr

Apollo Tyres Ltd

NCLAT through its judgement has disposed of the appeals by remanding back the case to CCI for review.

PRISM JOHNSON LIMITED

Launched a new product, Prism Champion All Weather Cement

Avanti Feeds Limited

Commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh; has been successfully commenced with effect from December 03, 2022, with an estimated total cost of Rs. 125 crores.

Dynemic Products

1. Approved the making of first and final call of Rs. 225 partly paid-up equity share, on 3,65,664 partly paid equity shares of face value of Rs. 10 each (Rs. 5 paid up) issued by the Company

Fixed Friday, December 9, 2022 as the record date

Will open on Monday, December 19, 2022 and close on Monday, January 02, 2023

Hatsun Agro Product

Considered and approved the following terms of the Rights Issue:

Rights Issue Price: Rs. 419 per Equity Share (including a premium of Rs. 418 per Equity Share)

Record Date: Thursday, 8′” December, 2022 ; Closing Date: Monday, 9″ January, 2023

Sanghi Industries

Preferential allotment of 73,26,000 shares to M/s Thinkfar Tradelink Private Limited (Promoter Group Entity) aggregating to Rs. 49.99cr

Adani Ports

Clarification on Article in ET “Adani Ports wins Karaikal bid with 1,200-crore offer”.

No conclusion has yet been reached. It may further be noted that once the successful bidder is announced by the Resolution Professional, the resolution plan approved by the Committee of Creditors will be further subject to the approval of the Hon’ble National Company Law Tribunal.

SJVN

Bags 200 MW Solar Power Project from MSEDCL

The tentative cost of this project is around Rs.1200 Crores

Project is expected to generate 455.52 Million-Units (MUs)in the 1st Year

Cumulative energy generation over a period of 25 years would be about 10480.82 MUs.

The commissioning of the Project is expected to reduce 513560 tonnes of carbon emission

Dilip Buildcon

Execution of contract agreement with Gujarat Metro Rail Corporation (GMRC) Limited for “Surat Metro Rail Project Phase -1 (Pkg-CS-6)” in the state of Gujarat. Project cost Rs 702cr.

CCL Products

Intimation of Demerger of the Marketing and Distribution Division of Coffee and FMCG Products of M/s. Continental Coffee Private Limited, Wholly Owned Subsidiary of the Company into the Parent Company, M/s. CCL Products.

The Demerged Undertaking is primarily engaged in the business of marketing and distribution of coffee and FMCG products and food and beverages kiosks.

The turnover of the marketing and distribution division of coffee and FMCG products was 18.77% to the total turnover of the Resulting Company in the financial year ended March 31, 2022.

JK TYRE

NCLAT disposed of the aforementioned appeals and remanded the matter back to the CCl, to re-examine the matter on merits and also consider reviewing the penalty (if violation is established) in accordance with the provisions of the Competition Act.

Adani Ports and Special Economic Zone

November Cargo volumes

1. In November 2022, APSEZ handled ~25.3 MMT of total cargo. This factors YoY growth of 6% in container volumes and 2% in dry bulk cargo.

2. During April-November 2022, APSEZ clocked ~228 MMT of cargo volumes, which is a good 9% YoY growth.

Centrum

Centrum Housing Finance to Acquire Housing Finance Business of National Trust Housing Finance for Rs. 112 Crore.

J.K.CEMENT LTD: Commencement Of Clinker Production At Panna, M.P.

Punjab & Sind Bank

A fraud of Rs.53.79 cr has been perpetrated in a Branch of the Bank. Bank has filed an FIR with CBI and all necessary steps are being taken for recovery of funds as well as safeguarding Bank and Customers interest

Zodiac Energy

Received an order of designing, construction, operation and maintenance of a ground mounted captive solar PV power plant from the Company named IRM ENERGY located in Gujarat at the aggregate cost of Rs. 13.66 Crores

AMBUJA CEMENTS

Mr. Rajiv Gandhi, Company Secretary & Compliance Officer and a Key Managerial Personnel, has tendered his resignation

PTC India Financial

Interest Income at Rs. 191 cr vs Rs. 233 cr, down -18.1% YoY

NII at Rs. 84 cr vs Rs. 90 cr, down -6.2% YoY

PAT at Rs. 53 cr vs Rs. 52 cr, up 0.4% YoY

Provisions at Rs. 7 cr vs Rs. 12 cr, down -41% QoQ

ICICI Bank : Analyst day

Customer 360 (taking the whole bank to the customer, not a few products)

Return on capital focus via granular profit

Building the most trusted brand.

ICICI has reinforced its digital lead over peers in the past year.

India’s resilient macro/positive structural changesin corporate and consumer behaviour provide the best-in-37-years opportunity for Indian banks.

FROM AGENCIES

Indus Tower plans to raise up to Rs 2,000 crore through debentures

FMCG makers keeping close watch on softening commodity prices; may extend some benefits

SpiceJet expects improvement in operations, restructuring benefits in Dec quarter: Ajay Singh

NTPC Green Energy likely to get strategic investor by March 202

Aiming `3,000 cr top line in FY23 amid inflationary headwinds: Thyssenkrupp Inds

Reserve Bank Of India To Opt For Lower Rate Hike Of 25-35 Basis Points: Experts

New Adani transmission lines may bring down Mumbai’s power tariffs

WhatsApp rolls out picture-in-picture mode to select iOS users: Check details

Jindal Shadeed Group Plans $3 Billion Green Steel Plant in Oman

India Plans Oversight For Real-Money Online Games

Dr Reddy’s, Sun Pharma recall products in US for manufacturing issues

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

India is the best place to work at during recession: Kris Gopalakrishnan

Srei Units’ Administrator Gets Three Resolution Plans

BNP Paribas Elevates India Ceo Singh To Head Of Territory

Godrej Properties buys 18.6 acre land in Mumbai for about ₹750 cr

PVR launches south India’s first Director’s Cut in Bengaluru

Oil price cap on Russian oil will benefit emerging markets

Apple Accelerated Plans To Move Some Production Out Of China:Dj