News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +191 pts (17743) from last trade 17552 ,*  

Nikkei clsd , 

Hangseng +230 pts , 

Now @6.54am . 

Dow +535.10 pts ,

Nsdq +360.88 pts, 

S&P +87.77 pts, 

Bovespa +1584 pts , 

Ftse +18 pts , 

Dax +165 pts , 

Cac +33 pts , 

Crude @ $91.40 brl (-0.53), 

Brent @ $96.94 brl (-0.42) , 

Gold @ 1805.90 (-7.90), 

Silver @ $20.555 (-0.18), 

Euro @ $1.0294, 

JPY @ $132.87,  

INR @ 79.095

*Today's Corporate Action*

*11th Aug Ex Date*

ADVENZYMES

Final Dividend - Rs. - 1.0000

AJMERA

Final Dividend - Rs. - 2.2500

ALKALI

Final Dividend - Rs. - 2.0000

ASTRAMICRO

Final Dividend - Rs. - 1.4000

BALKRISIND

Interim Dividend - Rs. - 4.0000

BIRET 

Income Distribution 

RITES  

COALINDIA

Final Dividend - Rs. - 3.0000

DIVISLAB

Dividend - Rs. - 30.0000

DIXON

Final Dividend - Rs. - 2.0000

EMAMIPAP

Dividend - Rs. - 1.6000

ENDURANCE

Final Dividend - Rs. - 6.2500

ERISInterim Dividend 

FINEORG

Final Dividend - Rs. - 9.0000

GODFRYPHLP

Dividend - Rs. - 28.0000

GRASIM

Dividend - Rs. - 5.0000

GRPLTD

Dividend - Rs. - 9.0000

HESTERBIO

Dividend - Rs. - 10.0000

HINDALCO

Dividend - Rs. - 4.0000

IEX

Final Dividend - Rs. - 1.0000

INDUSINDBK

Dividend - Rs. - 8.5000

IOC

Final Dividend - Rs. - 2.4000

IPL

Final Dividend - Rs. - 0.7500

JAMNAAUTO

Final Dividend - Rs. - 1.0000

JTEKTINDIA

Final Dividend - Rs. - 0.4000

JUBLPHARMA

Final Dividend - Rs. - 5.0000

KOTAKBANK

Dividend - Rs. - 1.1000

KPRMILL

Final Dividend - Rs. - 0.1500

MGL

Final Dividend - Rs. - 15.5000

MINDSPACE

Income Distribution 

RITES  

NAHARCAP

Final Dividend - Rs. - 1.5000

NAHARPOLY

Final Dividend - Rs. - 2.5000

NAHARSPING

Final Dividend - Rs. - 2.0000

NCC

Dividend - Rs. - 2.0000

PATINTLOG

Final Dividend - Rs. - 0.1000

POBS 

Final Dividend - Rs. - 1.0000

RAIN

Interim Dividend - Rs. - 1.0000

RAJPALAYAM

Dividend - Rs. - 1.0000

REPCOHOME

Final Dividend - Rs. - 2.5000

SHREYANIND

Final Dividend - Rs. - 2.0000

SHRIDINE

Final Dividend - Rs. - 7.5000

SHYAMMETL

Interim Dividend - Rs. - 1.8000

SUNILAGR

Dividend - Rs. - 0.5000

TALBROSENG

Final Dividend - Rs. - 2.0000

TIMKEN

Final Dividend - Rs. - 1.5000

TRITURBINE

Final Dividend - Rs. - 0.8500

TRITURBINE

Special Dividend - Rs. - 0.7000

VARIMAN

Stock  Split From Rs.10/- to Rs.1/-

VBL

Interim Dividend - Rs. - 2.5000

VSTTILLERS

Final Dividend - Rs. - 20.0000

*Today's Key Results/Board Meetings*

*11-Aug-22*

Apollo Hospitals Enterprise, Aster DM Healthcare, Aurobindo Pharma, Bata India, Bharat Forge, Gujarat Ambuja Exports, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Himadri Speciality Chemical, KNR Constructions, Page Industries, The Phoenix Mills, Puravankara, Quess Corp, Sapphire Foods India, Shilpa Medicare, Spencers Retail, Sunteck Realty, Trent, Vipul Organics, and Wonderla Holidays will be in focus ahead of June quarter earnings on August 11.

*Stock under F&O ban on NSE*

*11-Aug-22*

1BALRAMCHIN 

2DELTACORP

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*Good Morning*

• India’s RBI Tightens Rules on Digital Lending After Complaints

o RBI Tightens Norms for Digital Lending, Recovery Agents

• India to Soon Achieve 20% Ethanol Blending in Gasoline: Puri

• Top Coal Miner Sees Profit Soar to Record in Fuel’s Revival

o Windfall earnings likely to be used on expansions

• Billionaire Birla’s Hindalco Posts Record Profit on Novelis

• India Cumulative Monsoon Rainfall 8% Above Normal on Aug. 10

• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%

• Global Funds Buy Net 10.6B Rupees of India Stocks Aug. 10: NSE

o Domestic funds sell net 7.68b rupees of stocks

• Foreign Investors Buy Net INR15.7B of Indian Equities on Aug. 8

• Foreigners Sell Net INR4.47B Indian Equity Derivatives Wednesday

• China Says Taiwan Military Drills Over, Plans Regular Patrols

• Aarti Industries (ARTO): Aarti Industries 1Q Net Income Matches Estimates; Net income 1.89 billion rupees, +15% y/y, estimate 1.89 billion rupees

• Abbott India (BOOT):1Q Net Income +5.1% Y/y to 2.06b rupees, est. 2.18b; revenue +7% to 13.04b

• CESC (CESC):1Q net income 1.38B rupees Vs. 1.38B Y/y; revenue +22% to 23.5b

• Coal India (COAL): 1Q net income 88.34b rupees vs. 31.7b Y/y, beats est. 56.03b; revenue +39% to 350.9b

• Eicher Motors (EIM): 1Q net income 6.11b rupees vs. 2.37b y/y, est. 6.03b; revenue +73% to 34b

• HEG (HEG): 1Q net income 1.59B rupees Vs. 567.7M Y/y; revenue +74% to 7.22b

• Glenmark Pharma (GNP): 1Q net income -37% Y/y to 1.93b rupees, beats est. 1.82b; revenue -6.2% to 27.8b

• Indian Railway Catering (IRCTC): 1Q net income 2.46b rupees vs. 825.2m Y/y, beats est. 2.25b; revenue 8.53b vs. 2.43b

• Jammu & Kashmir Bank (JKBK):1Q net income 1.66B rupees Vs. 1.04B Y/y

• Mahindra & Mahindra (MM): LIC stake declines to 6.41% as of Aug. 8

• Metropolis Healthcare (METROHL): 1Q Net Income -55% Y/y to 334m rupees, misses est. 397.3m; revenue -14% to 2.8b

• Oil India (OINL): 1Q net income 15.6b rupees vs. 5.08b y/y, misses est. 20.9b; revenue +98% to 59.7b

• Patanjali Foods (PATANJAL):1Q Net Income 2.41B Rupees vs 1.74 billion rupees y/y

• PB Fintech (POLICYBZ): 1Q net loss 2.04B rupees Vs. loss 2.2B Q/Q; revenue -6.5% to 5.05b

• Steel Authority (SAIL): Steel Authority 1Q Net Income Beats Estimates; Net income 7.76 billion rupees, -80% y/y, estimate 3.14 billion rupees

• Tata Consumer (TATACONS): 1Q Net Income +38% Y/y to 2.55b rupees, misses est. 2.71b; revenue +11% to 33.3b

• Vedanta (VEDL): Commodity Supply to Remain a Challenge in Medium Term, Chairman Anil Agarwal said at AGM.

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🌞

*Brokerage reports* 

Jefferies on *Hindalco* maintain hold with tgt price of 380

CLSA on *Hindalco* maintain buy with tgt price of 525

JPM on *Hindalco* maintain OW with tgt price of 560

CLSA on *Powergrid* maintain OP with tgt price of 250

Jefferies on *Zydus Life* sciences maintain hold with tgt price of 408

CLSA on *Zydus Life* sciences maintain buy with tgt price of 490

CLSA on *Coal India* maintain buy with tgt price of 250

Jefferies on *Eicher* *motors* maintain buy with tgt price of 3,700

Nomura on *Eicher* *motors* maintain neutral with tgt price of 3094

CLSA on *Eicher motors* maintain buy with tgt price of 3763.