News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +35 pts (16650) from last trade 16616 ,*  

Nikkei +35 pts , 

Hangseng +143 pts , 

Now @6.52am . 

Dow +162.06 pts ,

Nsdq +161.96 pts, 

S&P +39.05 pts, 

Bovespa +746 pts , 

Ftse +6 pts , 

Dax -35 pts , 

Cac +16 pts , 

Crude @ $96.33 brl (-0.02), 

Brent @ $103.86 brl (-0.00) , 

Gold @ 1717.30 (+3.90), 

Silver @ $18.735 (+0.01), 

Euro @ $1.0227, 

JPY @ $137.12,  

INR @ 79.855

*Today's Corporate Action*

*22nd July Ex Date*

ALKYLAMINE

Dividend - Rs. - 10.0000

BAJAJCON

Final Dividend - Rs. - 4.0000

BIMETAL

Dividend - Rs. - 8.0000

COCKERILL

Final Dividend - Rs. - 2.0000

GARWSYN

E.G.M.   

GODREJAGRO

Final Dividend - Rs. - 9.5000

GOODYEAR

Final Dividend - Rs. - 20.0000

GOODYEAR

Special Dividend - Rs. - 80.0000

KSL

Dividend - Rs. - 10.0000

RELICAB

Bonus issue 74:10

ROLCOEN

Final Dividend - Rs. - 2.0000

SPLPETRO

Final Dividend - Rs. - 14.0000

*Today's Key Results/Board Meetings*

*22-Jul-22*

Reliance Industries, UltraTech Cement, JSW Steel, HDFC Asset Management Company, Bandhan Bank, Coforge, Crompton Greaves Consumer Electricals, Finolex Industries, Andhra Cements, Atul, Bharat Gears, Gokaldas Exports, Greenpanel Industries, HFCL, Huhtamaki India, Mahindra CIE Automotive, Meghmani Organics, Sigachi Industries, Supreme Petrochem, Tinplate Company of India, Ugro Capital, and Zenotech Laboratories will be in focus ahead of June 2022 quarter earnings on July 22.

*Stock under F&O ban on NSE*

*22-Jul-22*

1DELTACORP 

2RBLBANK

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*Dividend Dates*

Ex-Dividend *25 July 2022 (Monday)*

Last date for Cum-Dividend *Today*

*Kamdhenu Ltd*

Dividend Per Share Rs.1

Previous day Closing Price – Rs. 194.2

*Graphite India Ltd.*

Dividend Per Share Rs.10

Previous day Closing Price – Rs. 415.15

*Deepak Nitrite Ltd.*

Dividend Per Share Rs.7

Previous day Closing Price – Rs. 1866

*Dcm Shriram Industries Ltd.*

Dividend Per Share Rs.0.5

Previous day Closing Price – Rs. 81.25

*Brigade Enterprises Ltd.*

Dividend Per Share Rs.1.5

Previous day Closing Price – Rs. 476.35

*Bombay Oxygen Investments Ltd*

Dividend Per Share Rs.20

Previous day Closing Price – Rs. 12711

*Sharda Cropchem Ltd*

Dividend Per Share Rs.3

Previous day Closing Price – Rs. 694.45

♣️ News Room♣️

*: India Daybook – Stocks in News*

*SRF:* Revenue at Rs. 3894 cr vs Rs. 2699 cr, up 44.3%, EBITDA at Rs. 994.5 cr vs Rs. 671.5 cr, up 48.1% (Positive) 

*JSW Energy:* Revenue at Rs. 3026 cr vs Rs. 1727 cr, up 75.2%,Net Profit at Rs. 560 cr vs Rs. 201 cr, up 178.6%. (Positive)

*GSFC:* Revenue at Rs. 3018 cr vs Rs. 1851 cr, up 63%. Net Profit at Rs. 346 cr vs Rs. 136 cr, up 154.4% (Positive)

*Persistent:* $Revenue up 11.1% at $242mn vs $217mn, Revenue up 14.7% at Rs 1878cr vs Rs 1638cr (Positive)

*Crisil:* Revenue up 24.6% at Rs 659 cr vs Rs 529 cr, Net profit up 35.6% at Rs 137 cr vs Rs 101 cr (Positive)

*SRF:* Board has announced 3 intermediate manufacturing projects with an investment of Rs 400 cr in Dahej. (Positive)

*Quick Heal:* Announced buyback of Rs 150 cr. To buyback 50 lakh shares at Rs 300. (Positive)

*Cineline:* Opened 4 screen multiplex in Punjab (Positive)

*NLC India:* Approved investment proposal of establishing Mine III in Neyveli, Tamil Nadu at an estimated cost of Rs. 3755.71 cr (Positive)

*Welspun Corp:* Announce commissioning of its Blast Furnace and Sinter plant (Positive)

*Emami Limited:* To subscribe 30% stake in Cannis Lupus Services India Pvt Ltd (Positive)

*ITI:* Signs MoU with CDOT for Technology Transfer of 4G Technologies (Positive)

*Indoco Remedies:* USFDA successfully completes inspection at Indoco's Clinical Research Organization – AnaCipher (Positive)

*Coromandel:* Dare Ventures, venture capital arm of the company invests in Bengaluru based biotech startup String Bio. (Positive)

*Can Fin Homes:* Q1 PAT stands at Rs 162 cr vs Rs 108 cr, up 50% YoY, NII Rs 250 cr vs Rs 181cr, up 38% (Positive)

*Yes Bank:* Carlyle, Advent close in on $1 billion Yes Bank stake. (Positive)

*Max Financial* promoter released pledge on 6 lakh shares (Positive)

*Aurobindo Pharma* promoter released pledge on 20.5 lakh shares. (Positive)

*M&M:* Announces introductory prices for the Automatic and 4WD variants of the Scorpio-N, bookings to commence from 30th July. (Positive)

*Reliance:* Reliance Brands partners with Maison Valentino (Neutral)

*Cyient:* Revenue at Rs. 1250 cr vs Rs. 1181 cr, up 5.8%. Net Profit at Rs. 116 cr vs Rs. 154 cr, down 24.7% (Neutral)

*Indiamart:* Revenue at Rs. 225 cr vs Rs. 201 cr, up 12%. Net Profit at Rs. 47 cr vs Rs. 57 cr, down 19% (Neutral)

*Astron Paper:* To reduce production quantity at plant located at Halvad, Gujarat, due to boiler modification and new upgraded turbine installation (Neutral)

*Tube Invest:* Entered into SPA for acquisition of 76% stake in Moshine Electronics Private Limited for consideration upto Rs 8.6cr (Neutral)

*RBL Bank:* NII at Rs 1027cr vs Rs 970cr, up 5.9%. PPOP at Rs 529cr vs Rs 766cr, down 30% (Neutral)

*ICICI Sec:* Brokerage income `303cr vs `395cr, down 23%, Revenue at Rs. 794 cr vs Rs. 745 cr, up 6.6% (Neutral)

*HSCL:* Revenue up 8% to Rs 834 cr vs Rs 773 cr, EBITDA down 1% to Rs 43.7 cr vs Rs 44.1 cr (Negative)

*Stocks in F&O Ban*

DELTACORP

RBL BANK

*Earnings Calendar: 22.07.2022* 

ANDHRACEMT, ATUL, BANDHANBNK, BHARATGEAR, COFORGE, CROMPTON, DHARSUGAR, FINOLEXIND, GREENPANEL, HDFCAMC, HFCL, HUHTAMAKI, IMAGICAA, JSWSTEEL, JTLINFRA, MAHINDCIE, RELIANCE, SESHAPAPER, TINPLATE, ULTRACEMCO

*Earnings Calendar: 23.07.2022* 

DLINKINDIA, EMUDHRA, ICICIBANK, KOTAKBANK, KTKBANK, NAHARPOLY, NAVINFLUOR

*Earnings Calendar: 24.07.2022* 

INFY

*Earnings Calendar: 25.07.2022* 

AXISBANK, AURIONPRO, CANBK, CENTURYTEX, CHENNPETRO, CRAFTSMAN, GLAXO, IIFLWAM, JYOTHYLAB, KPITTECH, LAXMIMACH, MAHSCOOTER, SHANTIGEAR, SHARDACROP, SONATSOFTW, STLTECH, SUPREMEIND, SWARAJENG, TANLA, TATASTEEL, TATVA, TECHM, TEJASNET, VIMTALABS

*: Fund Houses Recommendations* 

MS on *SRF*: Maintain Overweight on company, target price at Rs 2757/Sh (Positive)

MS on *AU Small Bank*: Maintain Overweight on Bank, target price at Rs 850/Sh (Positive)

MS on *MPhasis*: Maintain Overweight on company, target price at Rs 2430/Sh (Positive)

GS on *PVR*: Maintain Buy on company, target price at Rs 2400/Sh (Positive)

CLSA on *PVR*: Maintain Buy on company, target price at Rs 2410/Sh (Positive)

BofA on *L&T*: Maintain Buy on company, target price at Rs 1849/Sh (Positive)

Jefferies on *BEL*: Maintain Buy on company, raise target price at Rs 310/Sh (Positive)

Citi on *BEL*: Maintain Buy on company, raise target price at Rs 296/Sh (Positive)

BofA on *RBL Bank*: Maintain Underperform on Bank, target price at Rs 110/Sh (Neutral)

CS on *RBL Bank*: Maintain Underperform on Bank, cut target price at Rs 85/Sh (Neutral)

MS on *Cyient*: Maintain Underweight o n company, target price at Rs 680/Sh (Neutral)

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