News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty -60 pts (17498) from last trade 17558 ,*  

Nikkei -53 pts , 

Hangseng -153 pts , 

Now @6.52am . 

Dow -337.98 pts ,

Nsdq -154.26 pts, 

S&P -42.59 pts, 

Bovespa +458 pts , 

Ftse +132 Pts , 

Dax +420 pts , 

Cac +133 pts , 

Crude @ $88.26 brl (+1.39), 

Brent @ $94.58 brl (+1.56) , 

Gold @ 1719.30 (-3.30), 

Silver @ $17.84 (-0.04), 

Euro @ $0.9914, 

JPY @ $140.38,  

INR @ 79.725

*Today's Corporate Action*

*5th Sep Ex Date*

BHARATRAS

Final Dividend - Rs. - 1.5000

EMMBI

Dividend - Rs. - 0.6000

GARFIBRES

Final Dividend - Rs. - 7.0000

ISFT

Final Dividend - Rs. - 1.0000

MANGCHEFER

Dividend - Rs. - 1.2000

NATPEROX

Dividend - Rs. - 5.0000

TRANSPEK

Dividend - Rs. - 22.5000

YUKEN

Final Dividend - Rs. - 0.8000

*Today's Key Results/Board Meetings *05-Sep-22*

ACESOFT

A.G.M.  

ALFAVIO

A.G.M.;Dividend;General

ANG

A.G.M.;General 

ARIHANT

General  

ATAM

A.G.M.;Final Dividend

BALGOPAL

A.G.M.  

BGJL

A.G.M.;General 

BRANDBUCKT

A.G.M.  

CANOPYFIN

A.G.M.  

COMSYN

A.G.M.;Final Dividend;General

CONTPTR

A.G.M.;General 

COVIDH

A.G.M.  

DOLPHMED

A.G.M.;General 

DSSL

A.G.M.;General 

EASTWEST

A.G.M.;General 

FEDDERELEC

Audited Results;Quarterly Results

FOCUS

A.G.M.  

GANHOLD

A.G.M.;General 

GISOLUTION

General  

GOBLIN

General  

GRADIENTE

A.G.M.;General 

HANMAN

A.G.M.  

HARDWYN

Amalgamation 

HARISH

A.G.M.;Issue Of Warrants;General;Preferential Issue of shares

HITTCO

A.G.M.  

INDOSOLAR

Audited Results;General

INDRANIB

A.G.M.  

INNOVTEC

General  

JAINCO

A.G.M.  

JAINMARMO

A.G.M.  

JANUSCORP

A.G.M.  

JAUSPOL

General  

JINDCOT

A.G.M.  

KLKELEC

A.G.M.  

KSERASERA

A.G.M.  

LYKALABS

General  

MAHALXSE

General  

MEWATZI

General;Preferential Issue of shares

MFLINDIAA.G.M.  

MRP

A.G.M.  

MTCL

A.G.M.  

MTPL

A.G.M.;Audited Results

NAM

A.G.M.  

NAVODAYENT

A.G.M.  

NIVAKA

A.G.M.;General 

PADMALAYAT

A.G.M.;General 

PRAENG

A.G.M.  

PRISMMEDI

A.G.M.;General 

RAINBOWF

Dividend on Preference Shares;General

RIDINGS

A.G.M.  

SAMYAKINT

A.G.M.;General 

SIKOZYA.G.M.  

SKC

General  

SOBME

A.G.M.;General 

STURDY

A.G.M.;General 

SVPGLOB

A.G.M.  

TARINI

A.G.M.  

TERRAFORM

A.G.M.  

TERRAREAL

A.G.M.  

UNQTYMI

A.G.M.;General 

VENMAX

A.G.M.  

WOODSVILA

A.G.M.;General 

*Stock under F&O ban on NSE*

*05-Sep-22*

1DELTACORP

🇮🇳🏆:

*Futures & Options educational trades for the week 5.9.22 to 9.9.22*

(My trade guidelines -appended below - apply).

#stockmarket 

*FUTURES* 

*ADANIPORT* cmp 853.65 buy upto 835.00 stop 826.00 target 887.00+

*ASHOKLEY* cmp 164.65 buy upto 158.70 stop 155.00 target 179.00+

*CANBK* cmp 244.65 buy upto 236.00 stop 231.00 target 267.00+

*COAL INDIA* cmp 229.80 buy upto 223.00 stop 220.00 target 245.00+

*EICHER* cmp 3437.00 buy upto 3374.00 stop 3350.00 target 3535.00+

*GMRINFRA* cmp 39.50 buy upto 37.25 stop 36.60 target 41.60/45.00

*M & M* cmp 1317.85 buy upto 1288.00 stop 1272.00 target 1354.00/1381.00+

*M & M fin* cmp 209.15 buy upto 202.00 stop 199.60 target 218.00/225.00+

*OPTIONS*

*INDIACEM ce 230* cmp 11.35 buy upto 6.50 stop 4.00 target 16.00/20.00+

*TATACHEM ce1130* cmp 40.00 buy upto 22.00 stop 14.00 target 61.00/88.00+

*TITAN CE 2600* cmp 62.00 buy upto 38.00 stop 23.00 target 90.00/115.00+

The above trades are given for *educational* purposes only and i am not responsible for any loss or profit. Performance updates will be posted only for *academic* purpose. 

Please note (a) best entry of

Monday is taken (b) the high/low achievement of the week is taken for calculating notional profits (c) *sl on closing basis*. 

The IPO of Tata Steel

The year, 1906. Jamsetji Tata, founder of the Tata group, had passed away two years earlier. His dream of providing India its first integrated steel plant was still work in progress. One big challenge ahead - significant capital would have to be raised.

Jamsetji's son, Dorabji Tata, had now taken over as Chairman. He went to England trying to raise capital for the proposed steel plant. However, English capitalists were wary of sending their money into India. Dorabji Tata returned, utterly disappointed. Would the steel project have to be abandoned, for lack of capital?

Dorabji decided that to ensure the steel venture took birth, he would raise the funds in India itself. This was a very bold decision. Such large sums of money had never before been raised domestically, for an Indian venture. Many people predicted failure. And failure would have impacted the Tata group hugely.

But Dorabji's belief in his country took over. He was determined to do this for India, and he worked ceaselessly to make the case for investment in Tata Steel. Then, on 27th August 1907 (which was also his birthday), he launched in Mumbai a formal prospectus for raising capital for the Tata Iron & Steel Company (see picture below).  

This was a milestone day for India - an IPO for the largest start-up of the day. The first of its kind in the country. Would it succeed?

Led by Dorabji's energetic efforts, the response from Indians was electrifying. An observer wrote - "From early morning till late at night, the Tata offices in Bombay were besieged by an eager crowd of native investors. Old and young, rich and poor, men and women, they came, offering their mite...".   

Indians who believed in their country, placing trust in an Indian enterprise.

Within *03 weeks, over *8,000* people had subscribed to this issue, and over Rs.*23 million* *had been raised* at that time.

This was an unbelievable sum of money being raised in Indian capital markets at that time.  

*India's first major IPO for an industrial enterprise had been a splendid success !*

Later, Dorabji Tata was to write - *"For the first time in India's financial history, I had succeeded in raising for industrial purposes such a vast sum from the hidden wealth of India for the development of our mineral resources. It was the first time that the raw materials of India did not go out and return as finished articles to be sold in the country. Above all, it was a purely Swadeshi enterprise, financed by Swadeshi money and managed by Swadeshi brains."*

Few days back on 27th August, we marked the 163rd birth anniversary of Sir Dorabji Tata, the man who made this happen. When we speak of IPOs today, let us hark back to this path-breaking swadeshi IPO of Tata Steel, 115 years agbo. An act of courage by a legendary leader, based on the belief that we Indians have in our own country.

##########################

♤News Room♤

*: India Daybook – Stocks in News* 

 

 

*Bharat Forge/RK Forge/Motherson: North America Class 8 truck orders at a 5-month high of 21,400 Units (Positive) 

 

*Suzlon:* Adani Green acquires 52.4 crore shares in Suzlon (Positive) 

 

*PVR:* SOCIETE GENERALE acquires 3.23 LAKH shares in company. (Positive) 

 

*ACC:* MORGAN STANLEY ASIA acquires 9.41 LAKH shares in company. (Positive) 

 

*Olectra Greentech:* The order for supply of 100 Electric Buses for Assam Govt (Positive) 

 

*SBIN:* Vodafone Idea prepays Rs 2,700 crore loan to SBI (Positive) 

 

*Chalet Hotels:* Executes License Agreement with Delhi International Airport Limited - DIAL (Positive) 

 

*BEL:* Signs MoU With Smiths Detection India To Manufacture High-Energy Scanning Systems In India (Positive) 

 

*NCC:* Promoter Entity Gets 65 Lakh Pledged Shares Released (Positive) 

 

*Hindustan Aeronautics* and *L&T*: Wins INR8.6b deal from NSIL to entirely build 5 PSLV rockets: PTI. (Positive) 

 

*JSW Steel:* Life Insurance Corp.’s  holding in JSW Steel has risen to 7.01%. (Positive) 

 

*Wipro:* Wipro and Cisco to Deliver Hybrid Cloud As-A-Service. (Positive) 

 

*Hinduja Global:* Shareholders of NxtDdigital Ltd. have voted in favour of the company's merger with Hinduja Global Solutions Ltd. (Positive)  

 

*Hindustan Zinc:* Company to invest Rs 350 cr for 26% stake in Serentica Renewables. (Neutral) 

 

*M&M Finance:* Disbursements grew 75% YoY to Rs 3740 cr; QoQ down 4% (Neutral) 

 

*Spicejet:* Company gets up to 3-month extension to hold AGM. (Neutral)  

 

*GMR Infrastructure:* GMR Infrastructure approved raising funds of up to Rs 6,000 crore via foreign currency convertible bonds and/or any other security (Neutral) 

 

*Crompton:* Kaleeswaran Arunachalam (Eicher’s ex-CFO) to join company as CFO. (Neutral) 

 

*GMR Infra:* To Consider fund raising of upto Rs 6000 Crores in one or more tranches vis QIP/ FCCBs. (Neutral) 

 

*Mahindra Life:* ICICI Pru Sold 31.09 Lakh Shares or 2.01% Equity via Open Market. (Neutral) 

 

*Dodla Dairy:* TPG Holdings Sold 40 Lakh Shares or 6.72% Stake Via Open Market. (Neutral) 

 

*Hindalco:* Aluminium Buyer Novelis Excludes Russian Metal in Supply Deal (Neutral) 

 

*NMDC:* August production down 19% at 2.48 mt Vs 3.06 mt (YoY) (Negative) 

 

*Indowind Energy:* Indus Finance Corporation sold 5.5 lakh shares in the company at an average price of Rs 15.18 per share. (Negative) 

 

*Yash Pakka:* Aegis Investment Fund sold 2,99,286 equity shares in the company at an average price of Rs 120.85 per share (Negative) 

 

*Pay TM:* Indian Anti-Money Laundering Agency Searches Paytm, Razorpay (Negative)

*: Fund Houses Recommendations*  

 

 

CLSA on Financials: Maintain positive view on banks with *ICICI Bank and SBI* being our top picks (Positive) 

 

CLSA on Financials: Target for *ICICI Bank* at Rs 1040/Sh, Target for *SBIN* at Rs 660/Sh (Positive) 

 

MS on *Reliance*: Maintain Overweight on Company, target price at Rs 3085/Sh (Positive) 

 

MS on *M&M FIN*: Maintain Overweight on Company, target price at Rs 225/Sh (Positive) 

 

Jefferies on *Bharti Airtel*: Maintain b on Company, target price at Rs 855/Sh (Positive) 

 

Jefferies on *Torrent Pharma:*: Maintain Sell on Company, target price at Rs 1484/Sh (Neutral.

<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-2018464773832153"

     crossorigin="anonymous"></script>