The government will release May trade data today; Shekhar Bajaj resigns from Bajaj Auto board

Events today

IndiaMart InterMesh and Sarda Energy – last day of buyout

Indian Overseas Bank board meets to consider fundraising

Government to release trade data for May

Securities transaction

None

DII/FII data

FII sold Rs 4502 cr net worth of shares on June 14 (prov)

Net DIIs purchased for Rs 3808 cr of shares on June 14

FII F&O cash data:

Net sale of index futures Rs 342 cr

Net index options buy Rs 1519 cr

Net forward sale on shares Rs 226 cr

Net sale of stock options Rs 10 cr

Total FII net buys Rs 941 cr in F&O

F&O Ban

Delta Corporation

RBL Bank

Added: – Indiabulls Housing

Bundle/Bulk Offer

None

Company announcements

Tarson Products

Signing of a Memorandum of Understanding with the Board of Radiation & Isotope Technology, regarding the establishment of the Company’s Gamma Radiation Processing Plant at Amta, Howrah, West Bengal for captive consumption

Bajaj Auto

Resignation of Shekhar Bajaj as non-executive director on June 30, 2022

Investigate different ways to return excess cash to its shareholders

The June 14 meeting was time-limited and therefore postponed.

The board has asked that other dimensions of the buyout be explored.

NTPC

Commercial operation of the second part of the 15 MW capacity of the 56 MW of the Kawas solar photovoltaic project wef 15.6.22

Wipro

Quadruple the number of employees in Norway

Over the next two years, the company is looking to grow from 85 to 350 employees in Norway

cipla

Cipla and DNDi launch child-friendly 4-in-1 antiretroviral treatment for young children living with HIV in South Africa

LIC

Increased stake in Hero Motocorp from 9.163% to 11.256% at an average cost of Rs 3050/sh

Increased stake in HUL from 4.995% to 5.008% at an average cost of Rs 2206/sh

Pricol

Appointment of Priyadarsi Bastia as CFO and KMP from July 1, 2022

Resignation of P.Krishnamoorthy, CFO on June 30, 2022

Engineers India and NLC India

Appoints Engineers India Ltd (EIL) as Project Management Consultant for Rs 4400cr Methanol Project

M&Ms

NCLT led the convening of the shareholders’ meeting on August 19, 2022 to consider Mahindra Electric Mobility Limited’s draft merger plan with the company

Praveg Communications

Received Letter of Commitment from Tourism Corporation of Gujarat to develop a site in Adalaj, Gandhinagar, Gujarat as a theme destination.

Genesys International

Issue shares and convertible warrants to non-promoters within a price range of Rs 460 to Rs 470.

The company is raising funds of nearly Rs 255 cr.

Malabar India Fund will inject Rs 100 cr via shares and warrants.

Sundar Iyer, Ashish Nanda, Kamlesh Shah, Vijay Karnani, Sanjana Gupta, Inder Soni, Abhinaya Chakravarthi and Mathew Cyriac to infuse Rs 155 cr.

Market capitalization: – Rs 1749 cr

Bharti Airtel

Acquiring a 14% stake in Avaada MHAmravati for Rs 6.3 cr. for the purpose of owning and operating the Captive Power Plant.

Steel and Might of Jindal

Steel sales of 5.25 lakh tons rose 5% yoy in May

Production of 6.98 lakh tonnes increased by 1% year-on-year

Exports accounted for 21% of sales in May 22

GR Infra

The company says an FIR has been filed against the company and its three officials who are now under arrest.

CBI summoned the President on 14.06.2022, and he duly appeared.

No impact on business operations.

Other news

Credit reviews by Fitch

Airtel, Adani Transmission, BPCL, IOCL, HPCL, ONGC, Oil India, NTPC, Power Grid: – Negative to stable outlook

BPCL: – Negative to stable outlook

IOCL: – Negative to stable outlook

The change in outlook follows the revision of India’s outlook from stable to negative.

CLSA Investor Day: Tata Communications

Take multiple initiatives to strengthen its products and execution capabilities

Aims for double-digit data revenue growth – moderate as data revenue growth returns

Challenges:- global supply chain issues, employee attrition and delayed business decision

Short-term challenges meant there was no forecast for revenue growth

International revenue share will rise, but also renewed interest in India

Claims to have a 32% share of Indian corporate and corporate markets

Indian corporate and corporate markets expected to grow 44% to Rs 41,600 by FY26

Margin forecast is 23%-25% with investment forecast of 300m USD

CLSA

Maintain outperformance; TP cut at Rs 1070 from Rs 1440

India approved Rs 1,310 cr airport at Dholera, Gujarat

The airport will be operational from 2025-26

Initial traffic expected to be 3 lakh passengers per year

Passenger traffic is expected to reach 2.3 million in 20 years

From Bloomberg

CCI approves Bain Capital’s purchase of up to 24.98% stake in IIFL Wealth

CCI approves acquisition of Air Asia India by Air India

ICC Approves Sale of Viatris Global’s Biosimilars Portfolio to Biocon

CCI approves redesign of GSK Consumer Corporate

Aurobindo Pharma: Obtains FDA NDA Approval for Brivaracetam

Ajanta Pharma Obtains ANDA Approval from the FDA for Topiramate

Insiders

Companies Category Number of actions Activity
Uflex promoter 14,000 Bought
Financial Max Trust 205,722 Bought
NCL Industries Director 16,019 Bought
Som Distilleries Promoter 32,000 Bought
Shepherd Paintings Director Associated company 1,000 Bought
Zydus Wellness promoter 9,580 Bought
Lincoln Pharmacy Promoter 104,500 Bought
Praveg Communications Promoter 10,479 Bought
RPG life Promoter 6,682 Bought
Shaby Promoter 10,000 Bought
Mrs Bectors promoter 6,000 Bought
NIIT Designated person 61,770 Sold
M&Ms Designated person 3,000 Sold
Wipro Designated person 9,910 Sold
Usha Martin promoter 137,000 Sold
Mphase Designated person 500 Sold
Geojit Financial Promoter (BNP Paribas) 35,000 Sold
GATI Promoter Promote 20,000 Sold
Firstsource Solutions Employee Benefits Trust 533,750 Sold
V Guard Industries Directors, KMPs and Designated Person 22,080 Sold
AB Capital Designated person 82,302 Sold
Chambal Fertilizer Promoter 2,075,000 Engaged

Investor/analyst meeting

Finolex Industries interacted with Sameeksha Capital on June 13, JMP Capital Investment on June 14

IIFL Finance call with Theleme Partners on June 14, Duro Capital on June 16

Gabriel India will interact with the investor/analyst on June 15

PB Fintech meets the capital of Marval on June 13

Nuvoco Vistas meeting with Marval Capital, Dalton Investments, Haitong Securities on June 15 and DAM Capital on June 17

Manappuram Finance meeting with ENAM asset management on June 14

Supriya Life sciences will dialogue with philip capital on June 15

Shriram transport finance meeting with Kotak MF, Pzena Investment Management on June 13 and MFS on June 14

eClerx Services meeting with Svan Investment Managers on June 14

Devyani International investor / analyst at philip capital on June 15

Star Health and Allied Insurance meeting with Paradice Investment Management on June 14

Ultratech Cement Investors Meeting with Abu Dhabi Investment Authority on June 15

Great Eastern Shipping meeting with a group of investors/analysts on June 15, Philip Capital on June 16

SBI will participate in a meeting with a group of investors organized by Bank of America

KRBL meeting with Banyan Capital on June 15, M3 Investment and O3 Capital on June 16

Barbeque Nation meets with investors/analysts IDBI Capital Markets & Securities on June 15

PVR will participate in the “UK & EU Virtual Access Day”, organized by CLSA, on June 15

Brigade Enterprises meets a multitude of investors on June 16 and 17

Meeting between TATA Chemicals and Philip Capital Ground View Annual Investor Conference on June 16

MapmyIndia Meeting with Marvel Capital, Dalton Investment and June 13

TCNS apparel meeting scheduled with Abu Dhabi Investment Authority on June 14

CSB Bank to Attend Investec India’s Annual BFSI Conference on June 16

Persistent System interacted with Enam AMC and interacted with many investors on June 15

A small financial bank in the AU organized a meeting with Equirus on June 14

Syngene International will meet UTI MF on June 15 and White Oak on June 17.

Som Distilleries will meet Augmen Consulting, Keynote Capital and Nirmal Bang on June 15.

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