Stock market essentials for June 30: Federal Bank to consider fund raising via issue of securities

Biocon to buy 26% stake in AMPYR Renewable Energy Resources Eleven; GST rates hiked for LED lights, solar water heaters.
Representational image.

Representational image.

Events Today
Matrimony.com: Last day to buy to be eligible for buyback of equity shares
Federal Bank to consider fund raising via issue of securities
Hindustan Copper to consider fund raising via shares/NCD issue
REC to consider proposal for free shares issue plan
Maruti Suzuki: Brezza to launch in 10 new variants
Monthly FnO Expiry
India to release fiscal deficit and eight core industries output data
AGMs
HDFC (2 p.m.)
Indian Hotels (3 p.m.)
Punjab National Bank (11 a.m.)
Union Bank of India (11 a.m.)
GHCL (10 a.m.)
Dr. Lal PathLabs (10:30 a.m.)
Cera Sanitaryware (11:30 a.m.)
Dwarikesh Sugar (11:30 a.m.)
KEC International (2 p.m.)
Sagar Cements (3 p.m.)
Oil & Gas Updates
Singapore GRMs fell to $20/bbl Vs $23.6/bbl yesterday
From its recent high of $30.5/bbl – drop of 34%
Corporate Action
Nothing Major
DII/FII data
FIIs net sold worth Rs 851.06 cr of shares on June 29 (prov)
DIIs net bought worth Rs 847.46 cr of shares on June 29
FII F&O Cash Data:
Index futures net sell Rs 2413 cr
Index options net buy Rs 1503 cr
Stock futures net buy Rs 13 cr
Stock options net buy Rs 76 cr
Total FII net sell Rs 821 cr in F&O
F&O Ban
Sun TV
Deletion:- Delta Corp
Bulk/Block Deal
MTAR Technologies
USHA REDDY sold 2lk shares @ 1250
KAVITHA REDDY sold 2lk shares @ 1250
SEGANTII INDIA MAURITIUS bought 3lk shares @ 1249
HDFC MF bought bought 2lk shares @ 1250
Venus Pipes
New Berry Advisors sold 118172 @ 329.01
Hikal
Smallcap World Fund INC sold 25,00,000 @ 249.02
Corporate Announcements
Indian Oil
Received approval for capacity expansion of Digboi Refinery in Assam from 0.65 to 1 MMTPA Estimated cost of Rs.740.20 cr
Project is expected to be commissioned by October 2025
Objective- capacity expansion would improve the profitability of Digboi Refinery
Home First Finance
Company’s long term bank facilities have been upgraded from A+ (Stable) to AA- (Stable)
LIC
Updates on determination of Embedded Value
Says it will take some more time and can expect by 15 July
Minda Industries
Acquired 5.24% stake in FRIWO AG, Germany for a cash consideration of Euro 14.99 mn.
FRIWO AG is engaged in business of manufacturing power supply, chargers, motor control units and other products.
Wonderla Holidays
Signed agreement with Government of Odisha for leasing 50 acres land towards development of amusement park project
Infosys
Invested $10mn in Venture capital firm house fund, House Fund III
Objective- Infosys seeks to partners with such startups to complement its organic capabilities and jointly help its clients globally to transform their businesses
Biocon
Entered into agreement to acquire upto 26% in AMPYR Renewable Energy Resources Eleven Pvt Ltd, SPV formed for generation and supply of solar power.
Cash Consideration Rs 7.50cr
Spandana Sphoorty
Board meet to consider Q4FY22 results on July 11.
CSB Bank
RBI approved extension to Pralay Mondal, Deputy MD as interim MD & CEO of the Bank, for a further period of three months or till the appointment of a regular MD & CEO in the Bank, whichever is earlier.
Other News
Exide Lithium-ion battery plant visit: Investec
The JV (Exide as majority partner with 86% stake) has to date invested close to Rs 250 cr (excluding land) in the assembly facility
Annual peak revenue potential of Rs 1000-1300 cr
On-boarded a few marquee customers – global commercial vehicle manufacturer and one of the largest producers of electric 2Ws in India
Company is in discussion with other customers as well to boost its order book
Plant is currently operating at 30-40% capacity utilisation
Zydus Wellness Mgmt Meet: BOBCAP Sec
Improving brand awareness and 4-5 new product/variants launches to support double-digit growth
Aims to widen direct distribution coverage from 2.25mn currently to 3.5mn-4mn by FY25
Target is to have 8-10% of revenue from international business in next 4-5 years from ~4% in FY22
GST Council Meet
GST rates on LED lamps, their PCB raised to 18% from 12%
GST rates raised on solar water heater and system to 12%
GST raised on tetra packs to 18% from 12%
GST raised on cut/polished diamonds to 1.5% from 0.25%
Council didn't take up GST on crypto
Insiders
Companies Category No. Of Shares Activity
Tanla Platforms Director 1,000 Bought
Bright Brothers Promoter 1,400 Bought
Kovai Medical Promoter 5,919 Bought
Mrs. Bectors Food Promoter Group 6,000 Bought
Haldyn Glass Promoter 6,080 Bought
Praveg Communications Promoter Group 9,433 Bought
Som Distilleries Promoter 10,000 Bought
NCL Industries Promoter and Director 15,241 Bought
RBL Bank Immediate Relative 20,000 Bought
Eveready Industries Director 50,000 Bought
RBL Bank Designated Person 52,000 Bought
Manappuram Finance Promoter & Director 56,000 Bought
Jindal Stainless Promoter Group 423,989 Bought
JSPL Employee Trust 2,308,679 Bought
Alkyl Amines Employee 200 Sold
Minda Industries Employee 516 Sold
Kirloskar Industries Employee 720 Sold
Supreme Petro Designated Person 1,900 Sold
Dr. Lal PathLabs Designated Person 2,320 Sold
V-Guard Industries Director 7,000 Sold
Astral Ltd Immediate Relative 7,165 Sold
M&M Designated Person 7,900 Sold
Intellect Design Connected Person 12,000 Sold
Mastek Designated Person 15,930 Sold
Page Industries Promoter 16,672 Sold
MTAR Technologies Designated Person 61,855 Sold
Nykaa Designated Person 92,281 Sold
Sterling and Wilson Promoter 770,579 Pledged
Investor/Analysts Meet
Shriram Transport finance meeting with Ekagrata Capital Advisers, Citadel International Equities and ICICI Prudential Life on 29 June
eMudhra meeting with ALCHEMY LEADERS OF TOMORROW on 30 June
Aether Industries investor visit at thr plant on 5 July
Salasar Techno Engineering held meeting with host of investors on 28 June
Vedanta meeting with GeeCee Holdings, Aspex Management and Sandglass Capital on 30 June
Rajratan Global Wire meeting with Motilal Oswal on 30 June, B&K on 1 July
RBL Bank meeting with Gaja Advisors on 29 June
Krsnaa Diagnostics meeting with Kotak Mutual Fund, ICICI Prudential Mutual Fund on 30 June
Aditya Birla Fashion and Retail meeting with Axis Mutual Fund, Nippon Mutual Fund, Wealth Advisors on 29 June
Meghmani Finechem meeting with Jefferies India on 1 July
ICICI Lombard general Insurance meeting with Tata Capital, Avendus Capital on 29 June and Aditya Birla Sun Life on 28 June
Aavas Financiers meeting with Capital Group on 28 June, Mondrian Investment Partners on 29 June
Jindal Steel & Power meeting with Mirae Asset Management on 29 June
CSB Bank met host of advisors on 28-29 June
Best Agrolife attended call organized by Arihant Capital Market on 28 June
Mindspace Business Parks REIT meeting with Star Union Daicchi Life Insurance on 30 June
Phoenix Mills attended call organized by Kotak Securities on 29 June
Latent View Analytics meeting with Franklin Templeton Investments on 29 June
Shriram City to meet East Bridge Advisors on June 30.
NLC India to hold investor meet on July 5.
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