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June 09, 2023
- *India Daybook – Stocks in News*
- *Tata Power:* Renewable Energy arm gets LoA to set up 966 MW RTC hybrid renewable power project (Positive)
- *IRB Infra:* May revenue up 20% at Rs 411.1 cr Vs Rs 343.5 cr (YoY) (Positive)
- *Aether Industries:* Signs licence Agreement with Saudi Aramco Technologies Company to commercialise Sustainable Converge Polyols Technology (Positive)
- *NHPC:* Arm gets Pump Hydro Storage site in Punasa by Madhya Pradesh government with an estimated storage capacity of 525 MW X 6 hours (Positive)
- *Biocon:* Bengaluru’s API manufacturing facility receives GMP compliance certificate from the Competent Authority of Germany (Positive)
- *Dr Reddys:* Company gets US FDA nod for Cyclophosphamide (Positive)
- *Snowman Logistics:* Gateway Distriparks acquired additional 14 lakh shares in the logistics company (Positive)
- *Hindustan Aeronautics:* Company said the meeting of the Board of Directors will be held on June 27 to consider a proposal for the sub-division of equity shares. (Positive)
- *CCL products:* Company inks an asset purchase pact with Lofbergs Group for acquisition of various brands registered in the UK (Positive)
- *Zydus Life:* Company gest final approval from USFDA for Esomeprazole Magnesium for delayed release oral suspension (Positive)
- *Tanla Platforms:* Board has approved acquisition of 100% stake in Valuefirst Middle East FZC and Vakuefirst Digital Media (Positive)
- *SpiceJet:* Indian budget airline partnered with FTAI Aviation on a CFM56 revitalisation program. (Positive)
- *Hero MotoCorp:* The company and Harley Davidson could consider the local assembly of Harley motorcycles in India (Positive)
- *Titagarh Rail:* Board to consider raising funds via QIP/Rights Issue on June 10 (Positive)
- *Punjab National Bank:* State-owned bank has proposed to raise funds from the sale of up to 15 crore shares under its Employee Stock Purchase Scheme (Neutral)
- *State Bank of India:* MD sees Rs 30 lakh crore opportunity in climate finance by 2030 (Neutral)
- *GAIL India:* The state-owned natural gas company has released payment to all stakeholders of JBF Petrochemicals as per an NCLT order (Neutral)
- *L&T Finance:* Board has approved a final dividend of Rs 2 per equity share (Neutral)
- *Hero Moto Corp:* Company to invest up to Rs 1,500 crore for developing premium bikes and EVs in India (Neutral)
- *Blue Dart:* Board approves appointment of Sudha Pai as CFO, effective Sep 1. (Neutral)
- *Tata Communications:* CEO addresses margin decline, says focus is on product mix optimisation (Neutral)
- *Kotak Mahindra Bank:* Canada Pension Fund is likely to sell a 1.66 percent stake in the private sector lender, reports CNBC-TV18 quoting sources (Neutral)
- *United Drilling Tools*: Ace investor Ashish Kacholia sold 1.58 lakh equity shares or 0.78 percent stake (Negative)
- *JHS Svendgaard:* Nikhil Vora and his wife Chaitali sold a 1.19 percent stake in the oral care products manufacturer (Negative)
- *Reserve Bank of India Policy Announcement: Repo Rate*
- Current: 6.50%
- Expected: 6.50%
- Previous: 6.50%
- (As expected, Reserve Bank has maintained status quo on Repo rates. Policy comments and Future guidance important for further outlook)
- *RBI Governor:* Headline inflation is expected to remain above 4% throughout FY24
- *RBI GDP Forecast*
- • GDP growth forecast for April-June 2023 raised to 8.0% from 7.8%
- • GDP growth forecast for July-September 2023 raised to 6.5% from 6.2%
- • GDP growth forecast for October-December 2023 cut to 6.0% from 6.1%
- • GDP growth forecast for January-March 2024 cut to 5.7% from 5.9%
- *Instl. Investors EQUITY Cash Trades PROV. - 08/06/2023 : Rs. CRS. :*
- *FIIS : BUY +212 (8,013-7,801)*
- *DIIS : SELL -405 (5,462-5,867)*
