Atanu Das - Stock Market Advisor

18/09/2023

12/09/2023

London Calling: Indian Firms Set to Make Historic LSE Debut!

Indian companies might soon list on the London Stock Exchange as India and the UK move towards a bilateral investment treaty and free trade agreement. This development follows the inauguration of the UK-India Infrastructure Financing Bridge, a collaboration between NITI Aayog and City of London Corporation. Currently, direct listings of Indian firms on overseas exchanges are prohibited; they can only use instruments like depository receipts.

Disclaimer:

1. This blog is exclusively for educational purposes.
2. The securities quoted are exemplary and not recommendatory.
3. Investments in securities market are subject to market risk, read all the related documents
carefully before investing: http://bitly.ws/oTzH

Source: The Economic Times
Date: September 1, 2023

30/08/2023

On Wednesday, August 30, the Bombay Stock Exchange (BSE) announced that the futures and
options contracts of the BSE Bankex will now expire on Monday instead of Friday. These new expiry rules are effective from October 16, 2023. All the current derivatives of the BSE Bankex will expire on Friday, October 13, as per the old rules. New contracts with Monday expiry will be generated thereafter.

Disclaimer:

1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing:

Source: The Economic Times
Date: August 30, 2023

26/08/2023

25/08/2023

Stocks in the news-

1. Power Mech board approved fund raise of up to Rs. 350 crores

2. Suzlon Energy bagged order of 201.6 MW from O2 Power, to supply 64 of its largest 3 MW turbines to O2 Power

Indian indices-

Indian stock markets ended in red on August 25, ahead of the FED meet and Powell's speech later tonight. All the sectoral indices ended in the red with capital goods, FMCG, PSU Bank, metal, realty, power was down by 1% each. The Sensex fell by 0.56% or 365.83 points to 64,886.51. The Nifty dipped by 0.62% or 120.90 points to 19,265.80.

Indian Rupee ended at 82.65/$ against August 24 close of 82.57/$.

Buzzing stocks on BSE-

1. Kaynes Technology India jumped 6.75% to Rs. 1,984.75, after it entered an MoU with the Karnataka government for Rs. 3,750 crores to set up a semiconductor assembly and testing facility and a printed circuit board manufacturing plant through its step-down subsidiaries.

2. KPI Green Energy surged 6.61% to Rs. 923.55, after the company received commissioning certificates from Gujarat Energy Development Agency (GEDA) for its 4.10MW wind-solar hybrid power project.

Global Signals-

Asian markets finished lower with shares in Japan leading the region. The Nikkei 225 is down 2.10% while Hong Kong's Hang Seng is off 0.51%.

European markets were higher with shares in France leading the region. The CAC 40 is up 0.46% while London's FTSE 100 is up 0.36% and Germany's DAX is up 0.27%.

25/08/2023

Suzlon Group, India’s largest renewable energy solutions provider, announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Pvt Ltd, part of O2 Power Pvt Ltd. Suzlon will install 64 of its largest wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project. The project is expected to be commissioned in 2025.

Suzlon will supply the wind turbines (equipment supply) and execute the project including er****on and commissioning. Suzlon will also provide operation and maintenance services post-commissioning.

At 3.03 pm, Suzlon Energy was trading at Rs. 22.09, up by 2.79%, with a volume of 141.98 lakh shares on the BSE.

13/07/2023

De-merger of Reliance Industries Ltd.

Per circulars from BSE and NSE, Reliance Industries Ltd. will demerge w.e.f. 20-Jul-2023.

Due to this de-merger, 1 additional equity share of Reliance Strategic Investments Ltd. will be allotted for every 1 equity share held in Reliance Industries Ltd.

15/06/2023

Hi 🖐️

IMPORTANT UPDATE: NSE 📢

An upcoming revision will be implemented for trading in BANKNIFTY contracts.

1️⃣Change of BANKNIFTY Futures and Options Expiry Day will be changed from existing THURSDAY to FRIDAY

2️⃣The above shall be effective from the trade date of July 7, 2023, Friday, and accordingly, all existing contracts with Thursday expiry will be revised to Friday on July 6, 2023, EOD.

3️⃣The first expiry date under the new cycle will be on July 14, 2023, Friday.

We encourage you to take note of these changes and adjust your algo trading plans accordingly.

*The information is only for consumption by the client and such material should not be redistributed
*Disclaimer:

**Investments in securities market are subject to market risks, read all the related documents carefully before investing

26/05/2023

Reliance Industries Recognized As Potential Indian E-commerce Leader By Bernstein; Stock Jumps 3%.

A recent report by US asset management firm Bernstein Research stated that Reliance Industries is poised to lead the Indian e-commerce market. Following this development, shares of RIL rose by 3% on Friday, hitting an intraday high of ₹2,509. The Bernstein report also recognized that RIL is the only e-commerce player to have integrated both online and offline offerings, putting the company on par with global leaders like Walmart and Amazon.

Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH

Source: The Indian Express , Dated: May 26, 2023

26/05/2023

Page Industries

The Bengaluru-headquartered company reported a decline of 59 percent in net profit at Rs 78 crore for the quarter ended March. The exclusive licensee of Jockey innerwear in India announced its fourth interim dividend of Rs 60 per equity share for FY23.

Zee Entertainment Enterprises Ltd

The revenues fall of nine percent to Rs 2,112 crore on a year on year basis. This includes 10 percent advertising revenues fall, flat subscription revenues and 26 percent decline in income from other sales & services.

Vodafone Idea

The telecom operator posted a consolidated net loss of Rs 6,413.8 crore for the Jan-March quarter, against a loss of Rs 7,990 crore in the previous quarter. Consolidated revenue for the quarter decreased by 0.8 percent sequentially to Rs 10,531.9 crore. The company's consolidated EBITDA rose 0.7 percent for the quarter under review.

JSW Holdings

The company reported a quarterly net profit of Rs 41.46 crore in March 2023 up 161.16 percent from Rs. 15.88 crore in March 2022.

Emani

The company's net profit reducer 59.4 percent to Rs 144.4 crore against Rs 356 crore year-on-year. Revenue fell 8.8 percent to Rs 836 crore.

Reliance Industries Ltd

The FMCG arm of Reliance Retail, Reliance Consumer Products has completed acquisition of 51 percent controlling stake in Lotus Chocolate Company for Rs 74 crore.

Zee Entertainment Enterprises Ltd

The revenues fall of nine percent to Rs 2,112 crore on a year on year basis. This includes 10 percent advertising revenues fall, flat subscription revenues and 26 percent decline in income from other sales & services.

Steel Authority of India

The company reported a 53.2 percent decline in its net profit for the Jan-March 2023 quarter at Rs 1,159.2. The revenue fell 5.3 percent in the quarter under review, while EBITDA fell 32.6 percent.

25/05/2023

Ola Electric Plans To Launch Its IPO By The End Of 2023

India’s leading electronic vehicle (EV) maker Ola Electric has plans to go public via an IPO by the end of the calendar year. Private sector bank Kotak and investment bank Goldman Sachs have both been hired to manage the IPO. In its last fundraising round in 2022, the EV company was valued at $5 billion. For its public issue, Ola Electric may likely aim for a higher valuation.

Disclaimer:
1. This blog is exclusively for educational purposes.
2. Such representations are not indicative of future results.
3. The securities quoted are exemplary and not recommendatory.
4. Investments in securities market are subject to market risk, read all the related documents carefully before investing: http://bitly.ws/oTzH

Source: The Economic Times, Dated: May 25, 2023