All You Need To Know Going Into Trade On June 15

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A good breakfast can start you off on the right foot.

Asian stocks pushed higher Tuesday after their U.S. peers closed at a record and a bond rally stalled ahead of a key Federal Reserve meeting.

Japanese and South Korean shares saw modest gains, while Australian stocks climbed after a holiday. U.S. futures were little changed after gains in technology shares pushed the S&P 500 to an all-time high Monday.

Markets will also reopen in Hong Kong and China after the holidays. The 10-year Treasury yield was steady under 1.5% after rising Monday.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 15,845.50 as of 7:15 a.m.

Investors are on the lookout for signals from the Fed about a timetable for scaling back emergency monetary stimulus. The decision is due Wednesday.

Bitcoin continued to gyrate amid a barrage of comments, briefly climbing above $41,000 only to pull back. The digital currency got a boost after veteran hedge fund manager Paul Tudor Jones re-endorsed the coin in a television interview.

Elsewhere, crude oil edged back above $71 a barrel on optimism that economic reopenings will boost summer demand in the U.S. and Europe.

Also Read: From Paytm And NSE To Old Monk Maker, Retail Frenzy Drives Stock Prices In OTC Market

Data To Watch

  • 5pm: India May trade balance, est. -$6.31 billion, prior -$15.1 billion
    • India May exports YoY, no est., prior 195.7%
    • India May imports YoY, no est., prior 167.1%

Earnings Post Market Hours

Coal India Q4FY21 (Consolidated, QoQ)

  • Revenues up 12.7% at Rs 26,700.1 crore Vs Rs 23,686 crore (Bloomberg Estimate: Rs 26,367.4 crore)
  • Net profit up 48.6% at Rs 4,586.8 crore Vs Rs 3,085.4 crore (Bloomberg Estimate: Rs 4,841.5 crore)
  • Ebitda up 23.5% at Rs 6,382.11 crore Vs Rs 5,164.78 crore (Bloomberg Estimate: Rs 5,942.9 crore)
  • Ebitda margins at 23.9% Vs 21.8%
  • Recommended final dividend of Rs 3.50 per share

Stocks To Watch

  • JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale. The floor price of Rs 27 per share is at a discount of 52.92% to Monday’s closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.

  • SBI Cards and Payment Services: Approved allotment of 5,000 unsecured NCDs of Rs 10 lakh each aggregating to Rs 500 crore on a private placement basis. The coupon rate is fixed at 5.55% per annum for a period of 3 years.

  • Care Rating: Securities Appellate Tribunal has reduced the Rs 1 crore penalty imposed by SEBI in 2020 to Rs 10 lakh. SEBI after conducting adjudication proceedings in relation to credit ratings assigned to one of the customers had imposed a penalty on the company.

  • Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise value of CHF 805 million to CHF 855 million on a cash and debt-free basis. Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The sale is expected to be completed in the first half of 2022.

  • NHPC: Signed an MoU with Bihar State Hydro-Electric Power Corporation for execution of 130.1 MW Dagmara HE Project in the state on ownership basis. The state government will provide a grant of Rs 700 crore for the project.

  • Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.

  • Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%. The company had accepted individual deposits aggregating to Rs 14.56 lakh from five small depositors for a period of fewer than 12 months, in contravention of para 4 of the HFCs (NHB) Directions.

  • Ashiana Housing: Entered into a development agreement for developing a residential project with a saleable area of 8,95,000 sq. ft. in Pune on a revenue-sharing basis.

  • Sagar Cements: To consider a proposal to sub-divide the face value of the equity shares from Rs 10 each into an appropriate amount on July 1.

  • Karur Vysya Bank: Revised its Base Rate to 8.45% from 8.25%. BPLR rate changed from 13.25% to 13.45%.

  • Power Finance Corporation: Incorporated Mohanlalganj Transmission as a wholly-owned subsidiary of PFC Consulting for the development of a transmission scheme associated with the construction of 400/220/132kV GIS Substation at Mohanlalganj in Lucknow.

  • Axis Bank: Says GIC seeks reclassify change to public category from promoter

  • Earnings: Jubilant FoodWorks, LIC Housing Finance, Power Finance Corporation, Lemon Tree Hotels, Whirlpool of India, Easy Trip Planners, BLS International Services, Centum Electronics, Entertainment Network (India), Spencers Retail

Also Read: Adani Share Price Fall: Why NSDL's Website Shows Frozen Accounts Of Three Funds

IPO Watch

  • Aion Investments offer-for-sale in JSW Ispat Special Products, for up to 21.2% or 99.46 million shares open for non-retail investors; retail investor can bid on Wednesday

  • Shyam Metalics IPO gets 123% demand on the first-day sale, offer closes June 16

  • Sona BLW Precision IPO gets 11% demand on the first-day sale, offer closes June 16

  • Ruchi Soya seeks to raise up to Rs 4,300 crore in a follow-on public offer

Brokerage Radar

  • Astral Ltd rated new reduce at InCred; price target Rs 1,720
  • Century Ply rated new Add at InCred; price target Rs 469
  • Cera Sanitary rated new Add at InCred; price target Rs 5,140
  • Finolex Industries rated new Hold at InCred; price target Rs 180
  • JK Cement cut to Accumulate at Dolat Capital; price target Rs 2,994
  • Kajaria Ceramics rated new Add at InCred; price target Rs 1,176
  • Steel Authority raised to Buy at Antique Stock Broking
  • Supreme Indus rated new Hold at InCred; price target Rs 2,345

Pledge Share Details

  • Apollo Tyres: Promoter PTL Enterprises bought 1.42 lakh shares between June 2-9.
  • Gati: Promoter TCI Finance invoked pledge of 25,000 shares on June 10.
  • JSW Holdings: Promoter OPJ Trading revoked pledge of 1.17 lakh shares on June 9.
  • Laurus Labs: Promoter Chunduru Rao revoked pledge of 17 lakh shares on June 11.
  • Max Financial Services: Promoter Max Ventures Investment revoked pledge of 33.54 lakh shares between June 10-14.
  • SMC Global Securities: Promoter Pulin Investments created a pledge of 5 lakh shares between April 1 and June 14.

As reported on June 14.

Bulk Deals

  • Globus Spirits: Templeton Strategic Emerging Markets Fund sold 2.66 lakh shares (0.92%) at Rs 393.23 per share.
  • Zensar Technologies: DSP Mutual Fund bought 67.56 lakh shares (2.99%) at Rs 294.74 per share. Goldman Sachs India Fund bought 25.75 lakh shares (1.14%) at Rs 294.98 per share. Nippon India Mutual Fund bought 41.50 lakh shares at Rs 294.95 per share. Marina Holdco (FPI) sold 2.57 crore shares (11.41%) at Rs 295.16 per share.

Insider Trades

  • Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 11.
  • Accelya Solutions India: Promoter Accelya Group Bidco sold 21.81 lakh shares between June 10-11.
  • Shree Pushkar Chemicals & Fertilisers: Promoter Gautam Makharia bought 19,083 shares on June 10.
  • Valiant Organics: Promoter Hemchand Gala sold 1,153 shares on June 11.
  • Westlife Development: Promoter Makino Holdings sold 13.15 lakh shares between June 9-11.

Block Deals

  • HEG: Promoter Bharat Investments Growth bought 1 lakh shares (0.26%) at Rs 2,265 per share. Promoter Jhunjhunwala Ravi sold 1 lakh shares (0.26%) at Rs 2,265 per share.
  • V-Guard Industries: SBI Mutual Fund bought 50 lakh shares (1.16%) at Rs 265 per share. Promoter Chittilappily Kochouseph sold 50 lakh shares (1.16%) at Rs 265 per share.

Who’s Meeting Whom

  • Mahindra Logistics: To meet BOB Caps on June 15.
  • Radico Khaitan: To meet Principal AMC on June 17.
  • Tata Motors: To meet Capital International on June 15 and Capital World on June 18.
  • Max Healthcare Institute: To meet Spark Capital on June 15, Edelweiss Wealth on June 16 and HDFC Securities and Goldman Sachs (India) Securities on June 17.
  • Manappuram Finance: To meet Abu Dhabi Investment Authority on June 17.

Trading Tweaks

  • Ex-Date AGM: Bil Energy Systems, PIL Italica Lifestyle
  • Record Date Final Dividend: The Indian Hotels Company
  • Price Band Revised From 10% To 5%: Future Enterprises
  • Price Band Revised From 20% To 10%: Alok Industries, Deepak Fertilizers And Petrochemicals Corporation, eClerx Services, Fairchem Organics, Godawari Power & Ispat, Novartis India,
  • Move Into Short-Term ASM Framework: Alok Industries, Skipper, Jaiprakash Power Ventures, Future Consumer
  • Move Out Of Short-Term ASM Framework: Emami Paper Mills, Take Solutions, The Investment Trust Of India, Godawari Power & Ispat
  • Move Into ASM Framework: eClerx Services, Reliance Capital, Gateway Distriparks, Reliance Infrastructure, Hinduja Global Solutions

Money Market Update

  • The rupee ended at 73.27 against the U.S. Dollar on Monday as compared to Friday's closing of 73.06.

F&O Cues

  • Nifty June futures ended at 15,836; a premium of 24.15 points.
  • Nifty June futures shed 1.66% and 2,614 shares in Open Interest
  • Nifty Bank June futures ended at 35,049.85; premium of 99.25 points
  • Nifty Bank June futures shed 9.35% and 6,274 shares in Open Interest
  • Securities added to ban list: PNB
  • Securities that continue to be on the ban list: Canara Bank, Indiabulls Housing Finance, Nalco and Sun TV
  • Securities removed from ban list: BHEL
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