The Union Cabinet will meet at 11 a.m. today; Hindustan Zinc to Consider Dividend Proposal Mid-Year

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Events today

EIA Petroleum Inventory Report

11 a.m.: Indian federal cabinet meeting scheduled

Birlasoft: Last day to buy shares to be eligible for buyback

Hindustan Zinc to review mid-year dividend proposal

AGM

Mindtree (4 p.m.)

Results

Mindtree

Tata Metaliks

Oil and Gas Updates

Brent crude at $98.6/bbl vs. $105.6/bbl

Singapore GRM at $10.6/bbl vs. $11.3/bbl

Asia spot gas price at $38.6/mmBtu vs. $38.8 mmBtu

Securities transaction

nothing major

DII/FII data

FII sold Rs 1565.7cr net worth of shares on July 12 (prov)

Net DIIs purchased for Rs 140.7 cr of shares on July 12

FII F&O cash data:

Net sale of index futures Rs 2815 cr

Net sale of index options Rs 1556 cr

Net forward sale on shares Rs 1124 cr

Stock options net buy Rs 171 cr

Total FII net buys Rs 5323 cr in F&O

F&O Ban

Added:- Delta Corp

Bundle/Bulk Offer

None

Company announcements

Q1FY23 results

HCL Technician

Rev `23,464cr vs `22597 cr qoq

Net income at Rs3283 crores; down 8.6% quarter-on-quarter

Net income at US$424 million, down 10.7% quarter-on-quarter

For the first quarter of FY23, New Deal TCV earns US$2,054 million, up 23.4%

FY23 constant currency revenue growth of 12% to 14%

Attrition at 23.8% vs. 21.9% QoQ

Dividend Rs 10/sh

Delta Corporation

Cons Net Sales `250cr vs `76cr yoy

PAT `57cr vs Loss `29cr yoy

EBITDA `87.5cr vs Loss EBITDA `13.9cr yoy

EBITDA margin 35% vs. (18.2%)

Wealth of Anand Rathi

Total revenue `133cr vs `98cr, up 35.7% YoY

PAT `40cr vs `30cr, up 33.6% YoY

ROE 42.3% vs. 44.3%

Revenue yield rose to 159.8 bps from 138.3 bps QoQ most likely helped by strong MLD issuance

AUM was broadly stable QoQ at Rs 32,960 cr

Sterling & Wilson

Cons rev of ops `1207cr vs `1195cr, up 1% YoY

Loss `355cr vs `76cr yoy

Others

Axis Bank

RBI approved the reappointment of Rakesh Makhija as Non-Executive (Part-Time) Chairman of the Bank on July 18, 2022

city ​​union bank

The Bank has entered into a bancassurance/reconciliation agreement with BAJAJ Allianz Life Insurance and CARE Health Insurance

Max Ventures and Industries

Received a “No Adverse Comment/No Objection” letter from NSE and BSE for the merger with Max Estates.

Shilpa Medicare

The Bengaluru VI unit has received a GMP certificate from the UK MHRA.

The facility was inspected by the MHRA from 18 April 2022 to 20 April 2022

New India Insurance

Madhulika Bhaskar Appointed Chairman-Cum-MD Interim Charge for 3 Months

Care assessments

To be examined takeover proposal on July 20, 2022

Navin Fluor International

Inauguration of a new plant in Dahej which will manufacture Honeywell’s exclusive range of Solstice hydrofluoroolefins.

Renewable energies Borosil

Acquisition of 100% of the capital of Interfloat Corporation and GMB Glasmanufaktur Brandenburg – entities active in the manufacture, sale and distribution of solar glass in Europe – for 50,000 EUR.

Deepak Nitrite

GPCB has revoked the shutdown order, currently for 3 months and authorized to start manufacturing activities in the entire plant, except for the affected parts of the Nitrite section.

Other news

Mahanagar Gas

CNG prices increased by Rs 4/Kg to Rs 80, while that of domestic PNG increased by Rs 3/scm to Rs 48.50

Price hike to mitigate high input costs incurred while sourcing additional natural gas at market price

So far in FY23, CNG prices are up 33%

Pralhad Joshi, Minister, Coal and Mines:

Coal production expected to exceed 920 million tonnes in FY23

Coal production has increased significantly, from 577 million tonnes in 2014 to 817 million tonnes currently

Government aims to auction up to 500 blocks of minerals by end of 2024

The government intends to introduce a bill on further mining reforms in the next session of parliament

InterGlobe Aviation

Indigo management writes to airline technicians, claims to rationalize wages

Indigo management says anomalies caused by the pandemic will be streamlined over the next two weeks, starting August 1

Recently Aircraft Maintenance Technicians Take Mass Leave Alleging Poor Raise and Unjustified Wages

Due to the dissatisfaction of the technicians, this had an impact on the airline’s flight operations.

Varun drinks

Strong commentary from PepsiCo after two consecutive summer seasons washed out due to pandemic waves

India’s beverage industry reported robust sales due to early start to summer and normalized out-of-home channel operations

Consistent with these trends, PepsiCo said its beverage unit volume grew 28% in the Africa, Middle East and South Asia (AMESA) region in the June quarter, “primarily reflecting double-digit growth in India.

From Bloomberg

India June Consumer prices up 7.01% year-on-year, Est. +7.10%

Indian consumer prices rose less than economists had expected in June.

Consumer prices rose 7.01% year-on-year (estimate +7.10%) in June, according to the Central Statistics Office

Estimates range from +6.7% to +7.4%, 38 economists

Food prices increased by 7.75% year-on-year

Food and beverage prices rose 7.56% year-on-year

Fuel and lighting prices increased 10.39% year-on-year

Clothing and footwear prices rose 9.52% year-on-year

House prices rose 3.93% year-on-year

India may increase industrial production by 19.6% year on year, est. +20.8%

India’s industrial production rose less than economists expected in May.

Industrial production rose 19.6% year-on-year (estimated +20.8%) in May, according to the Central Statistics Office

Estimates range from +4.3% to +25%, 33 economists

Mining production increased by 10.9% year-on-year

Electricity production increased by 23.5% year-on-year

Production of capital goods increased by 54% year-on-year

Manufacturing output grew 20.6% year-on-year

Infrastructure assets increased by 18.2% year-on-year

Durable consumer goods grew 58.5% year-on-year

Insiders

Companies Category Number of actions Activity
Kotak Mahindra Bank Promoter 3,000 Sold
Tilaknagar Industries Designated person 19,417 Sold
Central capital Promoter 5,000,000 release of promise

Investor/analyst meeting

Vedanta meeting with Antique Stock Broking, CLSA and Aslan House Capital on July 13

Nippon Life India Asset Management to Hold Earnings Call on July 28

Happiest Mind will hold an earnings call on July 22

HDFC Life will hold an earnings call on July 19

VMart Retail will meet Macquarie on July 13

Eicher Motors will meet Alpha Alternatives on July 13

Delta Corp will hold a conference call with analysts July 13 at 3:30 p.m. to discuss FY23 first quarter results

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