GHANSHYAM TECH ANALYSIS

Bank nifty keep eyes above 41233

Bank nifty keep eyes above 41233

Adani Group

The group prepaid share-backed financing worth Rs 7,374 crore ahead of its latest maturity in April 2025. With this, 155 million shares or 11.8 percent of Adani Ports & SEZ holdings will be released from pledge. Additionally, 31 million shares or 4 percent of promoter pledged holdings of Adani Enterprises, 36 million shares or 4.5 percent of promoter holding of Adani Transmission, and 11 million shares or 1.2 percent of promoter holding at Adani Green Energy will be released from pledges. This is consistent with the promoters' commitment to prepay all share-backed financing before March 31, 2023.

Zee Entertainment

Enters into a settlement agreement with IPRS (Indian Performing Right Society) to end all disputes and claims between them. IPRS has also agreed to withdraw the insolvency petition filed by them against the company

Allcargo Logistics

The company has consolidated its position in contract logistics business by buying out the partner's 38.87 percent stake for an enterprise value of Rs 373 crore, taking its stake to 100 percent in the contract logistics business. The acquisition price is based on the agreement that was signed with ACCI JV partners in 2016 and with tremendous growth in this business over the years, this proves to be a highly value accretive acquisition. The board also approved sale of smaller non-core customs clearance business. Allcargo Logistics will sell its 61.13 percent stake in this business for an enterprise value of nearly Rs 42 crore.

NBCC

Issued Leter of Award for construction of residential accomodation for faculty and staff at Institute of Liver and Biliary Sciences at Vasant Kunj in New Delhi at the risk and cost of previous agency for Rs 89.94 crore to Asian Construction Company. Additionally, the company has received multiple orders aggregating to Rs 541 crore in Himachal Pradesh, Jammu & Kashmir and Bhubaneswar.

Hindustan Aeronautics, Larsen & Toubro

The Ministry of Defence has signed contracts with HAL and L&T for procurement of 70 HTT-40 basic trainer aircraft and three cadet training ships. The cost of procuring the aircraft from HAL will be over Rs 6,800 crore, while those of the three cadet training ships from L&T would be worth over Rs 3,100 crore under the Indigenously Designed, Developed and Manufactured category. The ships will be designed at the L&T shipyard in Kattupalli and will generate an employment of 22.5 lakh man-days over a period of four-and-a-half year.

Vardhman Special Steels

Begins mass production of steel for forging companies of Aichi Steel Corporation based in south-east Asia for some grades for which it hs received approvals. The sales of these products for the current financial year would be nearly 10,000 MT. It will further increase with the receipt of more approvals in the next 2-3 years. The company has joined hands with Toyota's global supply chain for the same.

Zydus Lifesciences

Gets final approval from the USFDA for Lenalidomide capsules 2.5 mg and 20 mg. Lenalidomide is Revlimid Generic. Lenalidomide is used in the treatment of various types of cancers. The drug had annual sales of $183 million in the US as per IQVIA data for the 12-months ending December 2022. The product will be launched in the US market shortly and will be manufactured at the group's formulation manufacturing facility in SEZ, Ahmedabad.

Power Grid

Board approves investment of Rs 524 crore to Eastern Region Expansion Scheme. The said investment is likely to be commissioned by November 2025. The board has also approved an investment of Rs 3,546.9 crore to Transmission System for Kurnool Wind Energy, which will be commissioned by November 2024.

Natco Pharma and Ajanta Pharma

Natco Pharma board meet today to consider a share buyback. The stock has corrected 38 percent from its 52-week high. Similarly, the board of Ajanta Pharma will also meet on March 10 to consider a buyback of shares. The stock has corrected nearly 20 percent from its 52-week high.

The drug had annual sales worth $233.7 million as per IQVIA data of December 2022.

Bajaj Electricals

EPC business segment wins contract for supply of plant and installation services of development of distribution infrastructure of electric supply circle in various districts of Bihar. The contract is valued at Rs 564.87 crore, and shall be completed within 30 months from the date of the issue.

Kansai Nerolac

Board approves the acquisition of 40 percent stake in Nerofix from Polygel for Rs 37 crore. The company had earlier acquired 60 percent stake in Nerofix in January 2020.

Computer Age Management Services (CAMS)

To acquire 55.42 percent stake in data sciences and artificial intelligence firm Think Analytics India Pvt. Ltd., through a secondary acquisition, for an undisclosed sum. The acquisition is expected to be completed by April 10. Think Analytics’ shares will be acquired at a mutually agreed-upon pre-money enterprise valuation.

Reliance Industries, ONGC

The government revised the windfall tax on crude petroleum to Rs 4,400 per tonne from Rs 4,350 per tonne earlier. Special additional excise duty on ATF has been cut to nil from Rs 1.50 per litre. Special Additional Excise duty on diesel cut to Rs 0.5 per litre from Rs 2.5 per litre. Petrol continues to have nil special additional excise duty.

Adani Group Companies

ICRA has revised the rating outlook of Adani Total Gas to negative from stable. The same has been done for the ratings of Adani Ports. The news comes after Adani Group stocks staged a massive rally on Friday after GQG Partners acquired stake worth over Rs 15,000 crore in four Adani Group Companies. Additionally, LIC Chairperson MR Kumar told CNBC-TV18 said that India's largest life insurer met the Adani management and that they are more confident about the business prospects of the group post the meet. Further, the Supreme Court has dismissed the appeal filed by MSEDCL challenging the Appellate Tribunal for Electricity order in favour of Adani Power.

IEX

Average daily volume traded on the exchange increased 5 percent month-on-month in February, while overall volume declined 5 percent due to lesser number of trading days. Total volumes in February at 8,200 MU, down 7 percent from last year. Sell-side liquidity continues to be affected due to higher input costs. Supply constraints are expected to ease in the coming months due to the conducive policy and regulatory initiatives.

Hindustan Aeronautics

Gets refund order from the office of Joint Commissioner of Income Tax for Annual Year 2013. Gets this order pursuant to orders from ITAT, Bengaluru. ITAT allowed R&D expenditure of nearly Rs 726 crore as capex. The order includes refund of Rs 570 crore and interest worth Rs 163 crore.

Mahanagar Gas

Has entered into definitive documents to acquire 100 percent of the shareholding of Unison Enviro Pvt. Ltd. through purchase of shares from its existing shareholders, which will take place upon recipt of approval from the PNGRB. The transaction will be done for a cash consideration of Rs 531 crore. The acquisition will help MGL expand to newer areas in Maharashtra and Karnataka, and is of strategic importance to the company.

Dish TV

Shareholders reject four names presented for independent directors by the board. Board has presented the names of Sunil Gupta and Gaurav Gupta for independent directors. The board had also presented the names of Madan Mohanlal Varma & Lalit Behari Singhal for independent directors. Post the EGM, the strength of the board following the EGM has reduced to two. The company said that the board will take the necessary steps to comply with the regulations.

Zydus Lifesciences

Gets final approval from the USFDA for Vigabatrin for oral solution USP, 500 mg. Vigabatrin for oral solution is indicated for the treatment of Refractory Complex Partial Seizures as adjunctive therapy in patients 2 years of age and older. It is also used to treat infantile spasms in babies and children between the ages of 1 month and 2 years. The drug will be manufactured at the company's Moraiya unit in Ahmedabad.

3 March 23

FII & DII DATA

FII Net BUY - 246.24cr
DII Net BUY - 2089.92cr

कृपया ध्यान दे  हमारी कोई Paid Service ,Paid Training & Paid Group नहीं है तो जो हमारे नाम से आप से पैसे माँगते है वो सभी Fraud है तो उन चोरो से आप सावधान रहे मुझे सिर्फ आप लोगो का आशीर्वाद चाहिए - धन्यवाद

Open your Demat Account in FYERS - https://open-account.fyers.in/?utm-source=AP-Leads&utm-medium=AP1020

open-account.fyers.in

FYERS | Open A Free Account

Platform for online account opening and KYC validation

Alice Blue -https://alicebluepartner.com/open-myaccount/?P=WMPN796

Alicebluepartner

Open Online Trading Account - Trade from Trading View Charts @ Rs.15 Per order

Trade with 25% Lesser Brokerage in Discount Brokerage Plans. Free API for Trading , Premium Trading View Charts

Bank Nifty Intraday Char Analysis & Important Level
https://youtu.be/KWikQpiP3qc

YouTube

Bank Nifty Intraday Char Analysis & Important Level

Telegram- 9987132020 SCREENSHORT / ( NO CALL ) ***➡️***Open your Demat Account in ZERODHA - https://zerodha.com/open-account?c=ZMPCFT ***➡️***Open your Demat Account in ANGEL - https://tinyurl.com/2ol6ty2j ***➡️***Open your Demat Account in FYERS - https://open-…