1 Stocks to Watch: Ashok Leyland, GAIL, ONGC, PFC, RIL, SBI, YES
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Stocks to Watch: Ashok Leyland, GAIL, ONGC, PFC, RIL, SBI, YES Bank Friday, Jun 25, 2021 - Morning brief for the stock market: BIG PICTURE * India urges OPEC to phase out oil output cuts in view of high prices TOP EVENTS TODAY * Jan-Mar earnings to be detailed by: Abhinav Capital Services HCL Infosystems PNC Infratech Abhishek Finlease Hexa Tradex Polyspin Exports ABM Knowledgeware Hindustan Adhesives Pondy Oxides and Chemicals Active Clothing Co Hindustan Copper Pradhin Adarsh Mercantile Hindustan Tin Works Prakash Steelage Adinath Textiles Hisar Metal Industries Punjab Communications Aditya Spinners Hi-Tech Winding Systems Puravankara Advait Infratech India Glycols Race Eco Chain Aimco Pesticides Indo Credit Capital Raghuvansh Agrofarms Ajanta Soya Indo Euro Indchem Railtel Corp of India Alacrity Securities Indraprastha Gas Ravi Kumar Distilleries Alchemist Corp Ind-Swift Laboratories RDB Rasayans Alexander Stamps and Coin Industrial Investment Trust Ridings Consulting Engineers India Alphageo India Innocorp Ritesh International Amarnath Securities Inox Wind Energy Safal Herbs Amba Enterprises Inox Wind Saptak Chem and Business Antony Waste Handling Cell Jaysynth Dyestuff India Sarla Performance Fibers Apex Frozen Foods Jindal Drilling and Industries Sarthak Metals 1 ARO Granite Industries JITF Infralogistics SAT Industries Arunis Abode JSW Energy Selan Exploration Technology Ashish Polyplast Jullundur Motor Agency (Delhi) Setco Automotive Athena Constructions Jumbo Bag Shervani Industrial Syndicate Atul Auto Jyoti Resins and Adhesives Shiva Texyarn B&A Packaging India KCP Shivagrico Implements Bafna Pharmaceuticals Kemistar Corp Shree Ganesh Biotech India Balmer Lawrie and Co KIC Metaliks Shree Ganesh Elastoplast Banco Products India Kkrrafton Developers Shree Renuka Sugars Bengal Tea and Fabrics KP Energy Shree Salasar Investments Bharat Wire Ropes Kretto Syscon Shree Worstex Bharatiya Global Infomedia Kumbhat Financial Services Siddha Ventures Bisil Plast Kusam Electrical Industries Siti Networks BLB Lambodhara Textiles Smart Finsec Capricorn Systems Global Solutions Lehar Footwears Softbpo Global Services Caprihans India Longview Tea Co Spenta International Cella Space Lovable Lingerie SPS Finquest Chandra Prabhu International Lykis Sree Jayalakshmi Auto Spin Chitradurga Spintex Macpower CNC Machines Star Paper Mills CHL Magna Electro Castings Starteck Finance Choice International Maharashtra Seamless State Trading Corp of India Coromandel Agro Products and Oils Mahashree Trading Superhouse Covidh Technologies Mahaveer Infoway Supreme Holdings and Hospitality India CSL Finance Mather and Platt Fire Systems SW Investments Dalal Street Investments Mawana Sugars Swastik Safe Deposit and Investments DB International Stock Brokers Mefcom Agro Industries Systematix Corporate Services Dutron Polymers Mega Nirman and Industries Taj GVK Hotels and Resorts East Buildtech Mercantile Ventures Tamil Nadu Newsprint and Papers Eco Friendly Food Processing Park MFL India TCFC Finance Eco Recycling Minaxi Textiles Technocraft Industries India Emmbi Industries Mipco Seamless Rings Gujarat Telesys Software ERP Soft Systems Modi Naturals Texmo Pipes and Products Facor Alloys MSR India The Byke Hospitality Finolex Industries MSTC Transwarranty Finance Forbes and Co MT Educare Tree House Education and Accessories Fruition Venture NCL Industries Trombo Extractions G Tech Info-Training Negotium International Trade United Drilling Tools Galactico Corporate Services Net Pix Shorts Digital Media Vaghani Techno-Build GCCL Construction and Realities NMS Resources Global Vani Commercials GCM Capital Advisors Ontic Finserve Vikas Lifecare Godfrey Phillips India Orient Refractories Vippy Spinpro Goldstone Technologies Oswal Agro Mills Visagar Financial Services Golkonda Aluminium Extrusions Oswal Greentech Visagar Polytex Goodricke Group Overseas Synthetics Voltaire Leasing and Finance Gujarat Credit Corp Ozone World Voltamp Transformers Halder Venture Parth Industries WAA Solar Haldyn Glass PBA Infrastructure Williamson Financial Services Haryana Leather Chemicals Pee Cee Cosma Sope Yantra Natural Resources Hawa Engineers Phaarmasia Zota Health Care HCKK Ventures Pix Transmissions 2 * Board Meetings of: + ABM Knowledgeware, to consider dividend + Advait Infratech, to consider dividend + ARO Granite Industries, to consider dividend + B&A Packaging India, to consider dividend + Balmer Lawrie and Co, to consider dividend + Banco Products India, to consider dividend + Caprihans India, to consider dividend + Chandra Prabhu International, to consider dividend + CSL Finance, to consider dividend and bonus share issue + Emmbi Industries, to consider dividend + Finolex Industries, to consider dividend + Godfrey Phillips India, to consider dividend + Haldyn Glass, to consider dividend + Hindustan Copper, to consider dividend + Hindustan Tin Works, to consider dividend + Hisar Metal Industries, to consider dividend + India Glycols, to consider dividend + Indraprastha Gas, to consider dividend 3 + Jaysynth Dyestuff India, to consider dividend + Jindal Drilling and Industries, to consider dividend + JSW Energy, to consider dividend + Jullundur Motor Agency (Delhi), to consider dividend + Jyoti Resins and Adhesives, to consider dividend + KCP, to consider dividend + Lambodhara Textiles, to consider dividend + Lykis, to consider voluntary delisting of shares + Magna Electro Castings, to consider dividend + Maharashtra Seamless, to consider dividend + MSTC, to consider dividend + NCL Industries, to consider dividend + Orient Refractories, to consider dividend + Pix Transmissions, to consider dividend + PNC Infratech, to consider dividend + Pondy Oxides and Chemicals, to consider dividend + Railtel Corp of India, to consider dividend + Sanjivani Paranteral, to consider raising of funds by way of fresh issue of shares + Sarla Performance Fibers, to consider dividend + Sarthak Metals, to consider dividend 4 + Shiva Texyarn, to consider dividend + Star Paper Mills, to consider dividend + Starteck Finance, to consider dividend + Superhouse, to consider dividend + Swastik Safe Deposit and Investments, to consider dividend + Tamil Nadu Newsprint and Papers, to consider dividend + TCFC Finance, to consider dividend + Transwarranty Finance, to consider fund raising + United Drilling Tools, to consider dividend + Voltamp Transformers, to consider dividend + White Organic Agro, to consider fund raising via combination of shares + Zota Health Care, to consider dividend * Annual General Meetings of: Automobile Corp of Goa, ICICI Prudential Life Insurance Co, Kansai Nerolac Paints, Quint Digital Media, Raghav Productivity Enhancers, SIS, State Bank of India, Tata Consumer Products, Tata Elxsi, Tejas Networks INDICATORS (previous session) * NSE provisional net buy/(sell) in bln rupees, Jun 24: FIIs (28.91), DIIs 11.39 * Institutional net buy/(sell) in bln rupees, Jun 23: FIIs (2.48) * FII NSE futures net buy/(sell) in bln rupee, Jun 24: index 17.80, stock (0.23) 5 * Sensex: 52699.00, up 392.92 points; Nifty 50: 15790.45, up 103.50 points * Crude: $73.30/bbl; Rupee: 74.16/$1; Gold: $1,776.7/ounce; 10-year yield: 6.0122% GLOBAL MARKETS * US : Indices in the US ended higher on Thursday as US President Joe Biden striking an infrastructure deal with a bipartisan group of senators boosted investors' sentiment. * Asia: Key indices rose today tracking overnight gains on Wall Street, after US President Joe Biden struck an infrastructure deal with a bipartisan group of senators, which will likely to boost the economy. DOMESTIC OUTLOOK * Positive cues from global markets may drive benchmark indices to open higher, with information technology stocks extending gains from Thursday. However, intermittent profit booking may keep a lid on gains. IPO WATCH ========= * India Pesticides' initial public offer was subscribed 3.79 times on day two, with the company receiving bids for 73.2 mln shares against 19.3 mln shares on offer. EARNINGS for JAN-MAR 6 ==================== * ASHOK LEYLAND: (Net profit 2.4 bln rupees vs 573.2 mln loss rupees a year ago Revenue 70 bln rupees vs 38.4 bln rupees a year ago) * MISHRA DHATU NIGAM (Consol PAT 747.12 mln rupees, up 86.13% YoY Consol Revenue 3.46 bln rupees, up 69.85% YoY) * OIL AND NATURAL GAS CORP (Net profit 67.3 bln rupees vs 32.1 bln loss a year ago Revenue 211.9 bln rupees vs 214.6 bln rupees a year ago) SECTOR NEWS =========== * COMMODITY: Indian traders are likely to import about 1.75 mln tn of pulses from Myanmar over five years, a government official said. 7 * ECONOMY: The government will announce measures, if any, to mitigate the economic impact of the second wave of COVID-19 based on how the situation unfolds and not on private forecasts, Principal Economic Adviser Sanjeev Sanyal has said. * ENERGY: ReNew Power Ventures has evinced interest in buying US investment bank Morgan Stanley’s majority stake in Continuum Green Energy (India), sources said. (Mint) * INFRASTRUCTURE: Minister for Road Transport and Highways Nitin Gadkari has said that road construction works with an outlay of around 15 trln rupees are planned across the country this financial year. * NON-BANKING FINANCIAL COMPANIES: The Reserve Bank of India issued guidelines for declaration of dividend by non-bank lenders, linking the payment to a prescribed capital and net bad loan ratio. * REGULATORY: The Securities Appellate Tribunal has stayed the penalties imposed by the Securities and Exchange Board of India on Cairn India and others for making a misleading announcement regarding