Stock market essentials for October 3: Nykaa board to consider maiden bonus issue today

Events Today

Anupam Rasayan: to finalise QIP details

Nykaa: board meet to consider bonus

SAMIL: last day to buy shares to get bonus shares; 1 bonus share for every 2 held

India Manufacturing PMI

Oil & Gas Updates

Brent Crude at $87/bbl Vs $88.5/bbl

Singapore GRM at $(0.5)/bbl Vs $3/bbl

Asia Spot Gas prices at $38.7/mmBtu Vs $39.1/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net sold Rs 1565.3 cr worth shares on September 30 (prov)

DIIs net bought Rs 3245.4 cr worth shares on September 30

FII F&O Cash Data:

Index futures net buy Rs 756 cr

Index options net sell Rs 901 cr

Stock futures net buy Rs 1555 cr

Stock options net sell Rs 143 cr

Total FII net buy Rs 1267 cr in F&O

F&O Ban

Nil

Bulk/Block Deal

Gokaldas Exports

ABU DHABI INVESTMENT AUTHORITY bought 15lk shares @ 349.7

CLEAR WEALTH CONSULTANCY SERVICES LLP sold 15lk shares @ 349.7

JSW Energy

TIKRI INVESTMENTS bought 15.2lk shares @ 299

PRASHANT JAIN sold 15.2lk shares @ 299

LIC

Cuts Stake in TAMILNADU NEWSPRINT & PAPERS from 5.958% to 3.910%

HDFC Ltd

Revises its Retail Prime Lending Rate (RPLR) on housing loans by 50 bps wef October 1, 2022

Likhitha Infrastructure

Received Orders worth Rs 177 Cr from various Oil/Gas Distribution Companies during the quarter from July 2022 to September 2022.

Total outstanding order book stands at ~ Rs 1125 Crores (As of 30th Sept)

IPCA Laboratories

Second plant for manufacturing of Drug Intermedidates / APIs at the Company’s new green field manufacturing unit being set up at Dewas (Madhya Pradesh)

Capital outlay of about Rs. 250 cr

Trial production commenced on 30th September, 2022.

Happiest Minds Technologies

Board meeting to be held on Oct 5 to consider raising funds for an amount aggregating upto Rs 1400cr

Astec Lifesciences

Resignation of Saurav Bhala as CFO wef 1st Oct 2022

Barbeque-Nation Hospitality

Delay in completion of further acquisition of Shares in Barbeque Nation Restaurant LLC, Step-down Subsidiary of the Company

Aforesaid acquisition is expected to be completed by December 31, 2022

Punjab National Bank

One year MCLR revised to 7.75% from 7.70% wef 1 Oct

CSB Bank

One year MCLR unchanged to 9.9% wef 1 Oct

Aster DM Healthcare

Entered into a Hospital Operation and Management Agreement (O&M) with Narayanadri Hospitals and Research Institute Private Limited (NHRI), Tirupati, Andhra Pradesh

The term of O&M is for 20 years from effective date and lock-in period for both the parties will be for 15 years.

Steel Stripes Wheels

Board approved stock split in the ratio 1:5

Genesys International

Approved appointment of Ravi Jatavallabha, as CFO effective from 30th September 2022

Trident

Announces Festive Bonanza of Additional 25% Discount exclusively for its Shareholders on all products

Bank of India

One year MCLR revised to 7.8% from 7.7% wef 1st Oct

Brigade Enterprises

Unit Mysore Projects ceased to be designated partner of Prestige OMR Ventures LLP

Prestige OMR Ventures LLP will cease to be an Associate of Brigade Enterprises wef 30th September, 2022.

Cyient

Board of Directors met today to review the outlook and strategy of the Cyient Designled Manufacturing (OLM) business

Co says Cyient OLM has strong potential for growth in these industries with its high-complex, medium-volume manufacturing capabilities.

Board discussed the need to determine an optimal legal/ownership structure for housing the OLM business to enable scaling up and participation in this opportunity.

Zee Media

Re-appointment of Mr. Dinesh Kumar Garg as a Whole Time Director for a further period of three years wef September 20, 2022 till September 19, 2025

Bata India

Resignation of Vidhya Srinivasan , Director – Finance and CFO wef 12th Nov

Shaibal Sinha appointed as Interim CFO

Resignation of Kanchan Chehal as Whole-time Director wef 1 Oct

ZYDUS LIFESCIENCES

Zydus receives final approval from the USFDA for Sildenafil for Oral Suspension used to treat high blood pressure in the lungs (pulmonary hypertension) works by relaxing and widening the blood vessels in lungs which allows the blood to flow more easily manufactured at the group’s formulation manufacturing facility at Baddi, Himachal Pradesh, India Sildenafil for Oral Suspension had annual sales of USD 65 million in the United States according to IQVIA data

MOIL

Fresh prices fixed or Manganese Ore and other products

Ferro grades of manganese ore with Manganese content of Mn-44% and above have been decreased by 10% on the prevailing prices

prices of all other Ferro grades of manganese ore with Manganese content below Mn-44%, SMGR (Mn-30% & Mn-25%), Fines and Chemical grades have been continued

basic price of EMD have been increased for the month of October,22 from Rs.1,65,000 PMT to Rs.1,70,000 PMT

CENTURY PLYBOARDS

incorporated new Co, Century Adhesives & Chemicals Limited on 18th July, 2022 for purpose manufacturing and dealing in all kinds and forms of, adhesives, glues, resins, chemicals, organic compounds and inorganic compounds

COAL INDIA

Sept 2022 production up 12% YOY at 45.7MT vs 40.7MT

Sept 2022 Offtake up 1% YOY at 48.9MT

Production up 20% in H1FY23 at 299MTs vs 250MTs in H1FY22

43% of fiscals 700MT target achieved in H1

Total offtake in H1 was 332MTs up 7.8% YOY

Supplies to power plants, buoyed by increased production and higher loading, have risen sharply to 285.5 MTs in H1 FY’23. The year-on-year jump is 41 MTs logging 16.8% growth. CIL’s supplies stood at 244.5 MTs in H1 FY’22

ADANI GREEN

Incorporates 2 new subsidiaries to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy

LUPIN

received the Establishment Inspection Report (EIR) from United States Food and Drug Administration (US FDA) for its Ankleshwar manufacturing facility, located in Gujarat, India.

KARNATAKA BANK

Gross Advances up 10% YOY at 60968cr

Deposits up 6% YOY at 81629cr

CASA grew 12.8% YOY

CASA ratio at 32.82%

CSB BANK

Deposit growth of 10% YOY to 20987cr

Gross Advances grew 17661cr up 23.6% YOY

Federal Bank Q2FY23 Provisional Data

CASA grew 2% QoQ/11% YoY

Total Deposits grew 3% QoQ/10% YoY

Gross Advances grew 6% QoQ/19% YoY

NIIT

NIIT announces strategic investment in KNOLSKAPE, a leading experiential learning platform

NIIT would invest USD 2 million in compulsorily convertible preference shares to be issued by KNOLSKAPE

USD 4 million in fresh funds raised by KNOLSKAPE to expand direct sales in global markets

KNOLSKAPE has an award-winning portfolio of AI powered simulations covers 100+ competencies and cutting-edge talent intelligence for managerial, leadership, business and future skills. These offerings have been adopted by over 400 leading global organizations across 75 countries

Kaveri Seed

Received a demand notice of Rs 73.3 cr for Assessment Year 20-21 (FY20), mainly by disallowing the exemption of agriculture income.

NMDC

Total production increases 1.4% YoY to 2.73 MT for Sept 2022

Total sales increases 6.6% YoY to 2.91 MT for Sept 2022

Company had given sales guidance of 45 MT for FY23. For H1FY23, it has achieved 16.36 MT. According to analysts, guidance looks unattainable now and expects company to reduce guidance.

APL Apollo Tubes

Record Q2FY23 Sales Volume

Sales Volume of 602,283 Ton; +41% YoY/+42% QoQ

This is in-line with companies’ guidance of maintaining growth at 30% CAGR for next 3-4 years

Graphite India

German electrode ops unviable on energy costs. Graphite India to stop German electrode production for now. To restructure speciality, coating ops

SEPT AUTO SALES

TVS Motor total sales at 3.79 lk units vs ET NOW poll of 3.71 lk units

TVS Motor total sales at 3.79 lk units vs 3.33 lk units in Aug

Eicher Motors VECV sales at 6631 units vs ET NOW poll of 5819 units

Eicher Motors VECV sales at 6631 units vs 5003 units in Aug

Eicher Motor RE sales 82087 units vs ET Now Poll of 75382 units

Eicher Motor RE sales of 82087 units vs 70112 units in Aug

Tata Motors PV sales at 47864 units vs ET NOW poll of 48741 units

Tata Motors PV sales at 47864 units vs 47166 units in Aug

Tata Motors CV sales at 34890 units vs ET NOW poll of 35398

Tata Motors CV sales at 34890 units vs 31492 units in Aug

Maruti Suzuki PV sales at 176306 units vs ET Now Poll of 177257 units

Maruti Suzuki PV sales at 176306 units vs 165173 units in Aug

Hero Moto sales of 519980 units vs ET Now Poll of 528432 units

Hero Moto sales of 519980 units vs 462608 units in Aug

Escorts total sales at 12232 units vs ET NOW poll of 9173 units

Escorts total sales at 12232 units vs 6111 units in Aug

SML ISUZU

Cargo vehicles sales volume down 41% YOY to 318

PV sales up 147% YOY to 434

PV for Q2 at 514% growth YOY to 4186 vehicles

Cargo vehicle volume at 6% YOY in Q2 to 2099

HYUNDAI MOTOR INDIA

Sales rise 38% YOY in Sept to 63201 units

NISSAN MOTOR INDIA

Decline of 16.6% YOY in India Sept sales to 7265 units

ATUL AUTO

Sales for Sept at 2254 units vs 1876 units up 20.2%

Sales YTD at 11309 vs 6331 units up 78.6%

ONGC and RIL In Focus

Windfall Tax Cuts

On Crude oil cut to Rs 8000/tonne from Rs10,500/t

On Diesel export duty reduced to Rs 5/litre from Rs10/litre

On ATF export duty made nil from Rs 5/litre

On petrol export duty continues to be nil

Mahanagar Gas

PNGRB directed MGL to pay Pipeline transportation charges as per revised tariff

MGL needs to clear dues worth around Rs 330 cr as per PNGRB order in next 2 months

Company sources indicate that they might file an appeal with APTEL

Gas Related Stocks In Focus

Domestic gas prices hiked for normal fields to $8.57/mmBtu vs $6.1/mmBtu and for difficult fields to $12.46/mmBtu vs $9.92/mmBtu

Negative:- IGL, MGL, Gujarat Gas, Adani Total Gas and GAIL

Positive:- ONGC, Oil India, HOEC, RIL, Vedanta

Adani Total Gas

Hikes CNG prices by Rs 3/Kg to pass on the rise in RM prices in Ahmedabad. Took price hikes in other regions as well.

Gujarat Gas

According to industry sources, Propane prices in Morbi are further down 3% for the month of October and are now Rs 15 cheaper compared to gas. Gas prices charged by Gujarat Gas is around Rs 61/scm (after accounting for calorific value). Price difference is the highest in over the last 2 years.

Air Traffic Data For September 2022

Total Domestic:- 103 lakh; Up 1% MoM;

Total International:- 25 lakh; Flat MoM

Average Passenger Load Factors For September 2022 (MoM)

IndiGo:- 81% Vs 78%

SpiceJet:- 85% Vs 82%

Air India:- 83% Vs 77%

Vistara:- 84% Vs 83%

GoFirst:- 83% Vs 81%

AirAsia:- 76% Vs 74%

Fuel Prices

ATF prices cut by 4.5% to Rs 1.15 lakh/Kl

Air India considers raising $1 billion

Fund raise could value Air India at $5 billion

The airline is in discussions with potential investors including private equity funds and sovereign wealth funds

India Official Reserves Drop to Lowest Since August 2020

Official reserve assets of India fell $8.13b, or 1.5%, from the previous week to $537.5b on Sept. 23, according to Reserve Bank of India figures.

Reserves down 16% from the same period last year

Gold down 0.8% W/w, up 2.1% Y/y to $37.9b

Foreign currency assets down 1.6% W/w, 17% Y/y to $477.2b

Special Drawing Rights (SDR) down 0.5% W/w, 9.5% Y/y to $17.6b

Insiders

Companies	Category	No. Of Shares	Activity
APCOTEX INDUSTRIES	Promoter Group	900	Bought
POKARNA	Directors Immediate Relative	1,200	Bought
NEULAND LAB	Employees Immediate Relative	1,267	Bought
ZYDUS WELLNESS	Promoter Group	1,530	Bought
Vaibhav Global	Promoter Group	4,000	Bought
ECLERX SERVICES	Trust	4,749	Bought
RBL Bank Employees	Immediate Relative	5,000	Bought
NCL INDUSTRIES	Director	17,675	Bought
TCPL PACKAGING	Other	22,400	Bought
Godrej Properties	Promoter	42,500	Bought
MAN INFRA	Promoter	50,000	Bought
GANESH BENZOPLAST	Promoter	60,000	Bought
MAHARASHTRA SEAMLESS	Promoter Group	62,500	Bought
Star Cement	Promoter Group	150,100	Bought
WELSPUN INDIA	Trust	278,625	Bought
Dhampur Bio	Promoter	282,434	Bought
JSW Energy	Other	1,525,000	Bought
JSW Holdings	Other	57	Sold
Navin Fluorine	Designated Person	455	Sold
INFO EDGE	Designated Person	471	Sold
V-GUARD INDUSTRIES	KMP	500	Sold
AGRO TECH FOODS	Trust	892	Sold
C.E. Info Systems	Designated Person	900	Sold
MASTEK	Designated Person	1,020	Sold
Orient Electric	Connected Person	3,000	Sold
Dr. Lal PathLabs	Designated Person	4,266	Sold
UNO Minda	Designated Person	4,332	Sold
Intellect Design	Connected Person	5,000	Sold
Campus Activewear	Designated Person	5,000	Sold
DIVI'S LAB	Designated Person	5,630	Sold
GATI	Promoter Group	10,000	Sold
SHREE DIGVIJAY CEMENT	Designated Person	25,108	Sold
JSW STEEL	Other	37,512	Sold
Nykaa	Designated Person	84,210	Sold
ROYAL ORCHID	KMP	100,000	Sold
D B Realty	Promoter Group	100,000	Sold
D B Realty	Promoter Group	145,000	Sold
Mahindra CIE	Director	200,000	Sold
Nippon Life	Designated Person	10,000	Pledge
HOEC	KMP	700,000	Pledge
Max Financial	Promoter	1,046,000	Pledge

Analyst Meetings

Shakti Pumps meeting with host of investors on Sept 30

ICICI Lombard met Matthews International Capital Management, Goldman Sachs Asset Management on Sept 29

RVNL meeting with M K Ventures on 3rd Oct

RBL Bank met Famy Ananta Capital Investments, ApaH Capital Management on Sept 30

IndiaMART InterMESH met Aditya Birla Sun Life AMC, Dolat Capital Market on Sept 30

Aavas Financiers met Buena Vista on 30th Sept

Welspun Corp met with investors on 30th Sept – investor presentation uploaded

Star Health met with Solidarity Investment Management and Fidelity Management and Research on 30th Sept

Tata Motors to do investor call with Wellington and meet with SBI MF on 3/10/22 and 4/10/22 respectively

WELSPUN INDIA: Analysts / Investors – Plant visit and Investor Interaction, organised by Antique.