Reliance Power Board of Directors meets to review fundraising options

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Events today

power of trust the board of directors meets to consider raising long-term resources in the national and/or global markets

Tanla Platforms study the takeover proposal

Mahindra The design of the XUV400 electric SUV will be revealed

Indiabulls Real Estate-Embassy REIT Merger review hearing in Chandigarh NCLT

AGM

Heidelberg Cement (11:00 a.m.)

Kakatiya Cement Sugar (11 a.m.)

Oil and Gas Updates

Brent crude at $88.29/bbl vs. $92.6/bbl

Singapore GRM at $8.1/bbl vs. $8.1/bbl

Asia spot gas price at $55.2/mmBtu vs. $54.7/mmBtu

Securities transaction

None

DII/FII data

FII bought Rs. 758.4 cr net worth of shares on Sep 7 (provisional)

Net DIIs sold for Rs 138.7 cr of shares on September 7

FII F&O Treasury Data:

Net sale of index futures Rs 71 cr

Net index options buy Rs 2028 cr

Net forward sale on shares Rs 3116 cr

Stock options net buy Rs 173 cr

Total net sale of FII Rs 987 cr in F&O

F&O Ban

Delta Corporation

Bundle/Bulk Offer

Brookfield India Real Estate Trust REIT

KAIROS PROPERTY MANAGERS sold 34lk shares @ 330

BSREP II INDIA OFFICE HOLDINGS II PTE bought 34lk shares @ 330

BSREP INDIA OFFICE HOLDINGS III PTE bought 8lk shares @ 330

BSREP MOON CI LP sold 8lk shares @ 330

CG Power and industrial solutions

STANDARD CHARTERED BANK (SINGAPORE) sold 1.4 cr of shares @ 215

SOCIETE GENERALE bought 4.6lk shares @ 215

DSP MF bought 98.7lk shares @ 215

HDFC Life bought 35k shares @ 215

Embassy Office Parks REIT

REDDY VEERANNA sold 1cr of shares @ 352

Bharti Airtel

BHARTI TELECOM LIMITED bought 9.6cr of shares @ 686

PASTEL LIMITED sold 9.3 cr of shares at 687

SECUREKLOUD TECHNOLOGY

SANDEEP TANDON sold 2k shares at 57.9

Venus Pipes & Tubes

NEW BERRY ADVISORS net sold 89k shares @ 404

Wockhardt AG

NEOMILE CORPORATE ADVISORY net sold 5.4lk shares @ 273

Company announcements

Dr. Reddie

Launch of Lenalidomide (REVLIMID) Capsules in the United States With this volume-limited launch, Dr. Reddy’s is eligible for 180 days of first-to-market generic drug exclusivity for lenalidomide capsules in strengths of 2, 5mg and 20mg.

Dr. Reddy’s is also licensed to sell generic lenalidomide capsules in the United States without volume limitations as of January 31, 2026.

Wipro

Launches all-new ServiceNow-focused innovation and co-creation space @nowStudio in Brazil

This is the second @nowStudio launched under Wipro’s global plan

Zydus Life Sciences

Zydus Announces Positive Phase 2 Proof of Concept for NLRP3 Inhibitor, ZYIL1, in Patients with Cryopyrin-Associated Periodic Syndrome (CAPS)

Devyani International

Full-time director and CEO Virag Joshi sold 15,13,197 shares of the company.

Financial Avails

CARE Ratings upgraded the credit rating of the CARE AA long-term bank facilities from CARE AA-; Stable outlook

LIC Housing Finance

Appointment of Ashwini Ghai as COO of the company

Zee Entertainment

NCLT orders company to hold October 14 shareholder meeting to consider Sony Pictures deal

IRCTC

Emerged as a bidder in the online auction held on 06 Sep 22 for the sale of a built commercial space in New Delhi

CE information systems

Completion of the acquisition of a 3% stake in Nawgati Tech Pvt Ltd

Schneider Electric Infrastructure

Approved to improve the production capacity of vacuum interrupters and vacuum circuit breakers by establishing a manufacturing unit in Kolkata

Proposed capacity expansion – 180,000 MV vacuum interrupter and MV vacuum circuit breaker assembly lines

Investment – Rs 138cr

Forge of Ramkrishna

Review and evaluate fundraising proposal September 12

Bharti Airtel

Launch 5G services in one month

Will have 5G coverage in major metros by December 2022

Covering urban India by the end of 2023 (Jio plans to launch pan-India 5G by the end of 2023)

Others

InterGlobe Aviation in brief

Gangwal Family sells 1.08 cr shares (2.8% stake) at Rs 1850 apiece – 6.5% discount

Goldman Sachs, JPMorgan and Morgan Stanley are bankers

The Gangwal family owns 36.6% of the capital of IndiGo

After the EGM last year, the Gangwal family were free to sell their entire stake

On Container Corp: Edelweiss

Concor’s 6% LLF rate does not change

The only way this rate changes is if it drops its terminals then an open bidding occurs

Concor is unlikely to risk this, and therefore its 6% LLF rate will remain

Additionally, the new rate of 1.5% is the base rate for future land allotments only.

Focus on life insurance companies

Industry APE increased by 12% year-on-year, supported by Group activity and strong growth in Non-PAR; ULIP continues to decline for the third consecutive month

LIC’s APE increased 11% YoY and 8% based on 3-year CAGR

Among listed private players, HDFC Life recorded the strongest growth at +19% year-on-year

SBI Life APE – 2.3% YoY

MAX lifetime -11% per year

ICICI Pru Life -2% per year

Focus on sugar and ethanol companies

Center likely to raise Rs 2-3/litre for ethanol derived from different sugar cane feedstocks: Media reports

Indigo Paints Mgmt Meet: Edelweiss

Indigo would now focus more on major cities in the future

Best-in-class gross margins driven by a differentiated portfolio

No apprehension about the entry of new players

The number of resellers/tinting machines would continue to increase

Higher ad spend as a percentage of sales (10%) than competitors (3-4%)

Plans underway to boost dominance in Kerala via regional blitz ad campaign – actor Mohanlal has signed up as brand ambassador

Aditya Birla Fashion Mgmt Meet: Edelweiss

Pantaloons: Store remodeling underway, to make it younger and more affordable

Ethnic: significant map store additions for each of its key brands (S&N, Jaypore, Sabyasachi and Tasva)

Loungewear: FY24 Profitability Target

Premium segment consumption leads the value segment at the industry level and for ABFRL

Insiders

Companies Category Number of actions Activity
Gensol Engineering Promoter & Director 2,128 Bought
INDIA WELSPUN Trust 301,015 Bought
Clean sciences Designated person 125 Sold
THE DIVI LABORATORY Immediate relative 400 Sold
Avenue Supermarkets Designated person 400 Sold
JBCHEMICALS Designated person 610 Sold
Sasken Technology Other 700 Sold
KOTAK MAHINDRA BANK Connected person 1,000 Sold
ECLRX SERVICES Trust 5,199 Sold
HINDUJA GLOBAL Employee 6,877 Sold
UN Minda Designated person 22,300 Sold
Tejas networks Designated person 23,000 Sold
Global Vaibhav Other 25,654 Sold
UTTAM SUGAR Promoter 28 106 Sold
AJANTA PHARMA Promoter 500,000 Promise released
Financial Max Promoter 710,000 Engaged
GC Consumer Designated person 1,128,143 Engaged

Analyst meetings

Shriram Transport to Participate in BofA India Financials Virtual Tour on September 7

SBI meeting with JM Financial on September 7

Ultratech Cement Investor Meeting To Be Held On September 8

DCM Shriram to Attend Elara Capital’s Ashwamedh Conference on September 8 and Meet a Host of Investors on September 9

Max Healthcare Institute to Participate in Kotak Institutional Equities Healthcare Forum on September 8

KIMS will participate in a conference organized by Kotak Institutional Equities on September 8

Varroc Engineering will participate in the Ashwamedh – Elara India dialogue on September 8

Valiant Organics Meeting with Analyst/Institutional Investor Call with Malabar Investments on September 8

Glenmark Pharmaceuticals to Attend Kotak Institutional Equities Health Forum on September 8

Syngene International meeting with Skerryvore Asset Management on September 12, Bajaj Allianz Life Insurance on September 14

Vedanta meeting with PhillipCapital on September 8

Suryoday Small Finance Bank meeting with Elara Capital on September 7

Finolex Industries interacted with Enam Asset Management on September 7

HDFC AMC Participated in Ashwamedh – Elara India Dialogue 2022 on September 7th

IOL Chemicals and Pharmaceuticals meeting with analysts/institutional investors on September 8

CSB Bank meeting with Dolat Capital on September 7

RBL Bank meeting with crowd of investors on September 6-7

Escort Kubota to attend Ashwamedh India Hosted by Elara Capital on September 8th, Grandeur Peak Funds on September 7th

Varun Beverages will participate in the Jefferies Asia Forum scheduled for September 8, 2022

M&M EV Day on September 12

IndusInd Bank meeting with a crowd of investors on September 7

Reliance Industries to Attend Jefferies Asia Forum on September 7

Metropolis Healthcare Non-Deal Roadshow in Singapore organized by IIFL sec on September 12-13

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