Market indices: stocks, events to watch on October 6, 2021

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  • ET- Global PEs seek to raise $ 1 billion to fund 3 buyouts in India
  • ET- India to get 5G within 6 months of spectrum auction, Airtel says

Cabinet meeting today
Moody’s changes outlook for India’s rating from negative to stable; confirms Baa3 rating

F&O ban

Net forward sale on indices `580cr
Index options net buy `1295cr
Net forward sale of shares `699cr
Net sales of stock options `272cr
Total net sales of FII “ 257cr in M&O

ICICI Lombard General Insurance Company
Beaujon Company sold 1.7cr of shares @ 1540
Bharti Airtel rights
Reliance Mutual fund bought 20k shares @ 204


Witnessed healthy consumer sentiment in business in India
Q2 revenue growth in India in the “Low Twenties”
Near double-digit volume growth on a 2-year CAGR basis
In the medium term, sees profitable growth driven by volumes

Godrej consumer product
Category demand trends in key countries have remained stable
Forecasts double-digit growth thanks to volume growth and higher prices in India
Witnessed widespread sales growth in Home Care and Personal Care
In Indonesia, expect a marginal decline in sales in constant currencies
In Godrej Africa, USA and Middle East:
Growth momentum continued in key countries
Expect steady growth in foreign exchange sales in the middle of adolescence.
Consolidated basis:
Expect high single-digit sales growth in 2Q
Expect second quarter operating margins to contract, due to higher input costs and higher prices for the end consumer

BAJAJ Finance
New loans recorded in the second quarter of fiscal 22 were 63k vs. 36k year-on-year
Deposit book Rs 28,700 cr against Rs 21,669 cr, up 32% year-on-year
The deposit book at T2 FY22 increased by ~ Rs 750 cr
AUM was Rs 1.66k cr versus Rs 1.37k cr; up 22% year-on-year
Assets under management in the second quarter of fiscal 22, adjusted for IPO funding receivable, increased by ~ Rs 10,600 cr
The liquidity of the company remains strong, the consolidated surplus liquidity amounted to Rs 16,500 cr at September 30, 2021.
CRAR stood at 27.7% as of September 30, 2021 (well capitalized)
The customer franchise stands at 52.8 mn vs 44.1 mn year-on-year
The company acquired 2.4 million new customers in Q2 FY22 vs. 1.2 million in Q2 FY21

Chemplast Sanmar
Predicts a significant increase in turnover in S2FY22
Co and its wholly-owned subsidiary, Chemplast Cuddalore Vinyls saw production increase by approximately 30-35% year-on-year in S1FY22
Operating margins increased in S1FY22 compared to S1FY21 due to higher outputs / tonne
Margins of key products – Specialty PVC resin paste, PVC suspension and improved caustic soda
Co is on track to increase the installed production capacity of PVC suspended resin

HDFC Bank – From Economic Times
HDFC Bank considers strategic investor in NBFC Arm
(Expected valuation for HDB Fin Services: 8 to 9 billion dollars; initial negotiations for a sale of a 20 to 25% stake)

Bajaj Auto
Incorporation of a wholly owned subsidiary “Chetak Technology Ltd” on October 4, 2021

Commerce of the future
Execution of the mutual termination agreement for the Master Franchise agreement for 7-Eleven stores. Future-7 was unable to meet the goal of opening stores and paying franchise fees.
Bank Jammu and Kashmir
Extension of the mandate of MRK Chhibber, Chairman and Chief Executive Officer of the Bank for a further period of six months from October 10, 2021
Receives RBI’s approval in principle for TReDS activities
Gayatri projects
Total amount of default as of September 30, 2021 Rs 540cr
Coal India
Obtains approval in principle for an aluminum project
Central Bank of India
Entered into a strategic co-loan partnership with IFL Home Finance Ltd to offer an LAP loan product to SMEs in the priority sector to MSME borrowers
DCB Bank
The Bank announces a revision of the lending rate based on the marginal cost of funds (MCLR)
One year MCLR – 8.97%
Thomas cook
Targets the high-growth Education segment through its full suite of Digital Strategy student services
IL&FS Transport
The SRBC auditor resigns before the end of the mandate
Phillip carbon black
Issue closes – October 5, 2021
Number of shares awarded – 16,393,422 shares
Issue price – Rs 244
Bandhan Bank
RBI approval for reappointment of part-time president Dr. Anup Kumar Sinha on January 7, 2022
Raymond Realty is expanding its horizon beyond Thane.
Force motors
Total Sept. Domestic sales 1968 units
Total Sep Production 2159 units
ET- Arena had offered to buy Srei Equipment Fin
AND- Pandemic Fuels India’s Premium Driving
ET- The value of PM Awas Yojana houses will make millions of families 30 million: PM
AND- August credit card spends up to 54%
ET- Banks and NBFCs Report Increase in Second Quarter Disbursements
ET- Global PEs seek to raise $ 1 billion to fund 3 buyouts in India
ET- India to get 5G within 6 months of spectrum auction, Airtel says
ET- Dilip Shanghvi at ET – “Patents expire a great opportunity for Indian pharmaceutical companies”

FII / DII DATA (provisional data)
The FII sold a net worth of 1,915.08 cr of shares on October 5 (prov)
Net DIIs bought 1,868.23 cr of shares on October 5

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