Today’s Events
Tanla Platforms to consider the proposal for buyback
Mahindra XUV400 electric SUV design will be shown
Indiabulls Real Estate-Embassy REIT merger review hearing at Chandigarh NCLT
AGMs
Heidelberg Cement (11.00 am)
Kakatiya Cement Sugar (11 am)
Oil and Gas Updates
Brent Crude at $88.29/bbl vs $92.6/bbl
Singapore GRM at $8.1/bbl vs $8.1/bbl
Asia Spot Gas prices at $55.2/mmBtu vs $54.7/mmBtu
Company Action
Nothing
DII/FII data
The FII’s net purchase amounted to Rs. 758.4 cr of shares on September 7 (provisional)
DII’s net sale was worth Rs 138.7 cr of shares on September 7
FII F&O Cash Data:
Index futures net sell Rs 71 cr
Index options net purchase Rs 2028 cr
Stock futures net sell Rs 3116 cr
Stock options net bought Rs 173 cr
Total FII net sell Rs 987 cr in F&O
F&O Ban
Delta Corp
Bulk/Block Deal
Brookfield India Real Estate Trust REIT
KAIROS PROPERTY MANAGERS sold 34lk shares @ 330
BSREP II INDIA OFFICE HOLDINGS II PTE bought 34lk shares @ 330
BSREP INDIA OFFICE HOLDINGS III PTE bought 8lk shares @ 330
BSREP MOON CI LP sold 8lk shares @ 330
CG Power and Industrial Solutions
STANDARD CHARTERED BANK (SINGAPORE) sold 1.4cr shares @ 215
SOCIETE GENERALE bought 4.6lk shares @ 215
DSP MF bought 98.7lk shares @ 215
HDFC Life bought 35lk shares @ 215
Embassy Office Parks REIT
REDDY VEERANNA sold 1cr shares @ 352
BHARTI TELECOM LIMITED bought 9.6cr shares @ 686
PASTEL LIMITED sold 9.3cr shares @ 687
SECURE CLOUD TECH
SANDEEP TANDON sold 2lk shares @ 57.9
Venus Pipes and Tubes
NEW BERRY ADVISORS net sold 89k shares @ 404
Wockhardt Ltd
NEOMILE CORPORATE ADVISORY net sold 5.4lk shares @ 273
Company Announcements
Lenalidomide Capsules (REVLIMID) Launched in the US In this limited-quantity launch, Dr. Reddy’s is eligible for first-tomarket, 180 days of generic drug exclusivity for Lenalidomide Capsules in 2.5 mg and 20 mg strengths.
Dr. Reddy’s is also licensed to sell generic lenalidomide capsules in the US without a quantity limit starting January 31, 2026.
Newest Innovation and Co-Creation Space Dedicated to ServiceNow @nowStudio Launches in Brazil
This is the second @nowStudio launched as part of Wipro’s global plan
Zydus Lifesciences
Zydus Announces Positive Phase 2 Proof-of-Concept of NLRP3 Inhibitor, ZYIL1 in Patients with Cryopyrin Associated Periodic Syndrome (CAPS)
Devyani International
Virag Joshi, Whole-time Director and CEO sold 15,13,197 shares of the company.
Aavas Financials
CARE Ratings has upgraded the credit rating for the Long Term Bank CARE AA facilities from CARE AA- ; Stable Outlook
Appointment of Ashwini Ghai as Cheif Operating Officer of the company
The NCLT directed the company to hold a shareholder meeting on October 14 to consider the deal with Sony Pictures
IRCTC
Appeared as bidder in e-auction held on 6th September 22nd for sale of Commercial Built-up space in New Delhi
CE Information Systems
Acquisition of 3% stake in Nawgati Tech Pvt Ltd completed
Schneider Electric Infrastructure
Approved to enhance the production capacity of Vacuum Interrupters and Vacuum Circuit Breakers by setting up a manufacturing unit in Kolkata
Proposed Capacity Expansion- 180k MV Vacuum Interrupters and MV Vacuum Circuit Breakers assembly lines
Investment- Rs 138cr
Ramkrishna Forging
To consider and evaluate the fund raising proposal on 12 Sept
Bharti Airtel
To launch 5G services in a month
There will be 5G coverage in major metros by December 2022
To cover urban India by the end of 2023 (Jio plans to launch pan-India 5G by the end of 2023)
Different
InterGlobe Aviation is committed
Gangwal Family sells 1.08 cr shares (2.8% stake) at Rs 1850 each – 6.5% discount
Goldman Sachs, JPMorgan and Morgan Stanley are bankers
The Gangwal Family owns 36.6% stake in IndiGo
After last year’s EGM, the Gangwal Family was free to sell their entire stake
In Container Corp: Edelweiss
Concor’s 6% LLF rate is unchanged
The only way this rate will change is if it surrenders its terminals and then there is open bidding.
Concor is unlikely to risk this, and will therefore retain its 6% LLF rate
Also, the new 1.5% rate is the base rate for future land distribution only
Dedicated Life Insurance Companies
Industry APE grew 12% YoY, supported by Group business and strong growth in Non-PAR; ULIP continues to decline for the third consecutive month
LIC’s APE grew 11% YoY and 8% on 3-year CAGR basis
Among the listed private players, HDFC Life reported the strongest growth at +19% YoY
SBI Life APE – 2.3% YoY
MAX life -11% YoY
ICICI Pru Life -2% YoY
Sugar And Ethanol Companies Focused
The center is likely to raise Rs 2-3/litre for ethanol derived from various sugarcane-based raw materials: Media Reports
Indigo Paints Mgmt Meet: Edelweiss
Indigo will now focus more on big cities going forward
Best-in-class gross margins are attributable to a diverse portfolio
There is no fear about the entry of new players
The number of dealers/tinting machines will continue to increase
Higher ad spend as a percentage of sales (10%) than rivals (3–4%)
Plans to strengthen dominance in Kerala through regional advertising blitzkrieg—actor Mohanlal signs up as brand ambassador
Aditya Birla Fashion Mgmt Meet: Edelweiss
Pantaloons: The stores are currently being renovated, to make them more youthful and affordable
Ethnic: Significant store additions on cards for each of its core brands (S&N, Jaypore, Sabyasachi and Tasva)
Underwear: FY24 break-even target
The consumption of the premium segment leads the value segment at the industry level and for ABFRL
Insiders
| Companies | Category | Nope. Of Shares | Activity |
| Gensol Engineering | Promoter and Director | 2,128 | Purchased |
| WELSPUN INDIA | Trust | 301,015 | Purchased |
| Pure Science | Designated Person | 125 | Sold |
| DIVI’S LAB | Immediate Relative | 400 | Sold |
| Avenue Supermarkets | Designated Person | 400 | Sold |
| JBCHEMICALS | Designated Person | 610 | Sold |
| Sasken Tech | Others | 700 | Sold |
| KOTAK MAHINDRA BANK | Connected People | 1,000 | Sold |
| ECLERX SERVICES | Trust | 5,199 | Sold |
| HINDUJA GLOBAL | Employee | 6,877 | Sold |
| UNO Minda | Designated Person | 22,300 | Sold |
| Tejas Networks | Designated Person | 23,000 | Sold |
| Vaibhav Global | Others | 25,654 | Sold |
| UTTAM SUGAR | Promoter | 28,106 | Sold |
| AJANTA PHARMA | Promoter | 500,000 | Released the Promise |
| Max Financial | Promoter | 710,000 | promised |
| CG Consumer | Designated Person | 1,128,143 | promised |
Analyst Meetings
Shriram Transport will attend the BofA India Financials Virtual Tour on September 7
SBI meeting with JM Financial on September 7
The Ultratech Cement investor meeting will be held on 8 Sept
DCM Shriram to attend Elara Capital’s Ashwamedh Conference on September 8, and meet a host of investors on September 9
Max Healthcare Institute to participate in Kotak Institutional Equities’ Healthcare Forum on Sept 8
KIMS to attend the conference hosted by Kotak Institutional Equities on 8 Sept
Varroc Engineering to attend the Ashwamedh – Elara India Dialogue on September 8
Valiant Organics Meeting with Analyst/Institutional Investor Call with Malabar Investments on Sep 8
Glenmark Pharmaceuticals to participate in Kotak Institutional Equities’ Healthcare Forum on Sept 8
Syngene International meeting with Skerryvore Asset Management on 12 Sept, Bajaj Allianz Life Insurance on 14 Sept
Vedanta meeting at PhillipCapital on Sept 8
Suryoday Small Finance Bank’s meeting with Elara Capital on September 7
Finolex Industries tied up with Enam Asset Management on September 7
HDFC AMC attended Ashwamedh – Elara India Dialogue 2022 Sep 7
IOL Chemicals and Pharmaceuticals meeting with Analyst/Institutional Investors on Sep 8
Meeting of CSB Bank at Dolat Capital on Sept. 7
RBL Bank meeting with host of investors on 6,7 Sept
Kubota escorted to attend Ashwamedh India Organized by Elara Capital on September 8, Grandeur Peak Funds on September 7
Varun Beverages will attend the Jefferies Asia Forum scheduled on September 8, 2022
M&M EV Day on 12 Sept
IndusInd Bank meeting with host of investors on September 7
Reliance Industries will attend the Jefferies Asia Forum on September 7
Metropolis Healthcare Non-Deal Roadshow in Singapore hosted by IIFL sec on Sept 12 and 13