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Stock market essentials for June 16: Aether Industries Q4 results today; IOB gets board nod to raise up to Rs 1,000 crore equity capital
The Federal Reserve rate hike of 0.75% marks the largest increase since 1994.
Soumeet Sarkar
Updated Jun 16, 2022, 07:42 IST
Representational image.
Events Today
Q4 results – Aether Industries
Corporate Action
Stock Split adjustment:- Cosmo Films (one bonus share for every 2 held)
DII/FII data
FIIs net sold worth Rs 3531.15 cr of shares on June 15 (prov)
DIIs net bought worth Rs 2588 cr of shares on June 15
FII F&O Cash Data:
Index futures net buy Rs 12 cr
Index options net buy Rs 2502 cr
Stock futures net sell Rs 630 cr
Stock options net buy Rs 68 cr
Total FII net buy Rs 1952 cr in F&O
F&O Ban
Delta Corp
RBL Bank
Indiabulls Housing
Bulk/Block Deal
Rama Steel Tubes
Nomura Singapore bought 1lk shares @ 371
Corporate Announcements
Indian Overseas Bank
Considered and approved issue of equity shares upto Rs 1000cr
To raise Tier II capital by issue of BASELIII Compliant Tier II Bonds upto Rs.1000 cr
NBCC
Secured total Business of Rs. 330.35 cr during the month of May, 2022
UPL
Company has incorporated WOS in name of UPL Speciality Chemicals Ltd which has acquired 100% holding in Kudos. The Company is required to invest Rs.237 crore in Kudos over a period of 2 years.
Route Mobile
Announces the opening of “Routelab” R&D & Engineering Centre in Bangalore to develop innovations in AI, ML, Mobile Identity & Blockchain
Tata Steel
Acquisition of equity stake in Tata Steel Mining Limited, wholly-owned subsidiary of Tata Steel Limited, on rights basis for an amount Rs 20cr
Acquisition of equity stake in Rohit Ferro-Tech Ltd, indirect subsidiary of Tata Steel and a direct subsidiary of Tata Steel Mining Ltd for an amount Rs 20cr
Shriram Transport
RBI issued Non- Objection to the Composite Scheme of Arrangement and Amalgamation between Shrilekha Business Consultancy ,Shriram Financial Ventures ,Shriram Capital, Shriram Transport Finance, Shriram City Union Finance ,Shriram LI Holdings , Shriram GI Holdings and Shriram Investment Holdings Ltd and their respective Shareholders.
The Boards had announced amalgamation on December 13, 2021.
As a consideration for merger, shareholders will receive 155 shares of SHTF for every 100 shares of SCUF.
Astron Paper and Board Mill
Commencement of the production at plant situated at Balaram Papers Pvt Ltd, WOS situated at Mehsana, Gujarat
Mahindra Lifespaces
Launched second residential project ‘Mahindra Nestalgia’ at Pimpri Chinchwad, Pune.
Equitas Holdings and Equitas SFB
RBI approved re-appointment of Vasudevan PN as MD and CEO for a period of 1 year from July 23, 2022.
Greenlam Industries
Board meet on June 20 to consider fund raise via equity. Will be issuing shares to non promoter on preferential basis.
Other News
Federal Reserve raised interest rates by 75 bps -- the biggest increase since 1994
The hike was on expected lines
Says strongly committed to bring Inflation to 2%
Revised 2022 rates guidance by a sharp 150 bps (at 3.4%) while slashing GDP projections by 110 bps (1.7%)
Chair indicated that FOMC could raise rates again by 50 or 75 bps in the July meeting to bring inflation under control
GDP projections revised downwards for 2022 (at 1.7%, -110bps), lower also for 2023/24 (1.7%/1.9%)
Projections for Fed funds rate projection was raised by 150bps in 2022 (3.4%), 2023 (+100bps, 3.8%) and 2024 (+60bps, 3.4%)
From Bloomberg
India Seeing Rush for Fuel as Private Retailers Cut Sales: Govt
Some areas are seeing a big rush of buyers at the outlets of state-owned retailers of gasoline and diesel, although sufficient supplies are being made available to meet the extra demand, India’s oil ministry says in a statement.
Private fuel marketing companies slashed sales at their fuel pumps and substantial volumes shifted to state-owned companies’ outlets
Production of gasoline and diesel in the country is more than sufficient to take care of any demand surge, the ministry says
At specific locations in some states gasoline and diesel demand increased by as much 50% y/y in 1H of June
Surge in demand is seen mostly in Rajasthan, Madhya Pradesh and Karnataka states where retail outlets of private oil marketing companies supplied large volumes
Also seeing a seasonal increase in demand due to agricultural activities, and bulk buyers shifting to retail outlets
Unprecedented demand growth created some temporary logistics issues at local level
Oil companies have geared up to tackle these issues, the ministry says
| Companies | Category | No. Of Shares | Activity |
| Mukand | Promoter | 13,473 | Bought |
| NCL Industries | Promoter | 10,000 | Bought |
| Haldyn Glass | Promoter | 1,500 | Bought |
| Jagran Prakashan | Promoter | 8,000 | Bought |
| KEC International | Promoter | 17,776 | Bought |
| Eclerx Services | Employee Welfare Trust | 2,029 | Bought |
| Zuari Agro | Promoter | 96,041 | Bought |
| HDFC Bank | Designated Person | 11,550 | Sold |
| Kotak Mahindra Bank | Designated Person | 2,500 | Sold |
| Saurashtra Cement | KMP | 10,000 | Sold |
| Alkyl Amines | Employee | 1,600 | Sold |
| Vaibhav Global | Employee Welfare Trust | 5,577 | Sold |
| Mahindra Holidays | Designated Person | 10,000 | Sold |
| Intellect Design | Connected Person | 4,740 | Sold |
| IIFL Wealth | Employee | 50,400 | Sold |
| Gland Pharma | Director, KMP and Desginated Persons | 39,935 | Sold |
| Gati Promoter | Promoter | 120,000 | Pledge Invoked |
| Chambal Fertiliser | Promoter | 1,000,000 | Pledged |
eMudhra meeting with Horn bill Orchid India fund on 16 June, Abakkus Growth Fund-2 on 17 June
Himatsingka Seide investor conference with Philip Capital on 15 June
Manappuram finance meeting with host of investors on 16 June
Shree Cement to attend Philip capital investor conference 16-17 June
Persistent System interacted with analysts/investors organized by ULJK Financial Services on June 15
Indo count will be interacting with Investors/Analysts on 16 June
Aarti Industries to attend Phillip Capital Conference on June 17
Ultratech Cement investor meeting with Jupiter Asset Management, Soros Capital and Theleme Partners on 16 June
PVR participated in the ‘UK & EU Virtual Access Day7 organized by CLSA on 15 June
PVR to participate Field trip organized by Bank of America Securities on 16 June
Piramal Enterprises meeting with various Institutional Investors 15-30 June
CONCOR meeting with Axis Capital on 17 June
Aavas Financiers meeting with Dolat Capital on 15 June
RVNL investor and analyst conference call on 17 June
Welspun Corp meeting with Philip Capital on 16 June
Sapphire foods meeting with edelweiss financial services on 16 June
Globus Spiritz meeting with Right Horizons on 17 June
BLS International Services meeting with Royce Investment Partners on June 16
Phoenix Mills to attend meeting organized by HSBC securities on 16 June
ICICI sec Investors and Analysts call with Edelweiss Asset Management on June 15
DCM shriram meeting with CX Advisors LLP on 17 June
Redington meeting with Strategic Growth Advisors on 17 June
Ashiana Housing meeting with host of investors on 16-17 June
Homefirst finance arranged a branch visit for investor/analyst on 16 June
Trident group to attend call organized by JM Financial on 16 June
CMS Info Systems meeting with Marval Capital, Dalton Investments on 15 June
IndiaMART InterMESH in a meeting with host of investors on 14 June
Adani Enterprises on a call with Morgan Stanley on 16 june, Capital Group on 22 June
TVS Motors to meet Taiyo Pacific Partners on June 16.
ADF Foods will be interacting with institutional investors on June 16.
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