ALL ABOUT IPO ALLOTMENT PROCESS : EXPLAINED IN DETAIL ?

The primary market is looking revived with a portion of the as of late IPO up starting open contributions getting guard request. While Ujjivan Small Finance Bank got about multiple times subscription, others, for example, CSB Bank and IRCTC were bought in subscribed 87 times and 112 times, separately.

Accordingly, numerous investors didn’t get any portions of these organizations. In IPOs, share distribution is done according to Sebi standards.

The regulator’s share allotment portion decides express that the base offer part is characterized dependent on the base application sum, which can’t surpass or fall underneath Rs 10,000-Rs 15,000, prior it was Rs 5,000-Rs 7,000.

Retail investors can be dispensed at any least one lot. Offers that are at or over the issue cost just meet all requirements for share apportioning. Shares left from that point are dispensed based on a draw of lot.

This year numerous IPOs, including IRCTC, Ujjivan Small Finance Bank, CSB Bank, got bought in different occasions, and numerous retail speculators were left frustrated as they didn’t get share allotment .

Sebi rules state if there should arise an occurrence of over subscription in the retail class, the greatest number of retail financial specialists who can be dispensed the base offer parcel is processed by separating the complete number of value shares accessible for apportioning to retail institutional speculators (RII) by the base offer part.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

Q1 RESULTS FOR POWER GRID CORPORATION LTD : EXPLAINED SIMPLE .

Power Grid Corporation of India Dip in its consolidated net benefit to Rs 2,048.42 crore for the June 2020 quarter.

The organization’s combined net profit had remained at Rs 2,502.80 crore in the relating quarter of the past budgetary year 2019-20

Its Total income rise to Rs 9,816.72 crore in the April-June 2020 period, contrasted and Rs 9,361.72 crore in the year-back period

Expenses rise to Rs 6,277.29 crore, from Rs 5,982.30 crore a year back

Power Grid transmits around 50 percent of the absolute force created in India on its transmission .

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

WHY TEJAS NETWORK STOCK LOCKED 5% IN TODAYS TRADING SESSION ?

Tejas Networks stock price secured was secured upper circuit toward the beginning of the day exchange on August 10 after the organization packed away a Rs 66-crore request from L&T Construction.

The request was gotten in the last quarter and the primary arrangement of provisions began this quarter.

“This success strengthens our innovation qualities and believability as a confided in supplier of barrier correspondence hardware to tri-administrations, since we have prior provided our DWDM and Layer-3 Multi-Gigabit Ethernet switches for the Indian Navy arrange and our Layer-2 Gigabit Ethernet switches for the Indian Air Force organize,” said Sanjay Nayak, Managing Director and CEO of Tejas Networks.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

WHY DELTA CORPORATION LTD GAINED : EXPLAINED ?

Delta Corp shares GAINED 17.4 percent to Rs 115.5 on the BSE bolstered by substantial volume, after the BSE expanded its circuit limit from 5 percent to 20 percent. the stock was exchanging at Rs 110 each on the BSE, as against 80 focuses, or 0.21 percent, slide in the benchmark S&P BSE Sensex.

Exchanging Members of the Exchange are therefore educated that as a section regarding audit of the observation activity, the value band are updated in the different scrips. The reexamined value band as showed there under will be successful from August 07, 2020. Scrips in Trade for Trade (T2T) sections will keep on drawing in a value band of 5 percent or lower, as pertinent .

which was almost twofold the volume seen on the counter so far in the current week on the trade.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

INDUSIND BANK PICKED UP 7.82% STAKE IN EVEREADY HOW ?

IndusInd Bank said it has PICKED UP 7.82 percent stake in battery producer Eveready Industries by summoning promised shares following loan default.

The bank conjured vow on 56,83,320 offers framing 7.82 percent of settled up value share capital of Eveready Industries.

“The value portions of Eveready Industries India Ltd. held by Williamson Magor and Co. Ltd were pledged with the bank for making sure about the remarkable contribution of Seajuli Developers and Finance Limited (Seajuli), the borrower organization. The bank has summoned the vow hung on previously mentioned shares for recuperation of its contribution from Seajuli.

The bank additionally educated about acquiring 7.5 percent (78,32,253 offers) in tea firm McLeod Russel India Ltd by conjuring pledged shares following default by the borrower.

The stock prices of McLeod Russel India Ltd. held by Williamson Magor and Co. Ltd. were swore with the bank for making sure about the extraordinary duty of Seajuli Developers and Finance Limited (Seajuli), the borrower organization. The bank has conjured the vow hung on the previously mentioned shares for recuperation of its contribution from Seajuli,

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

SEBI NEW RULES ABOUT INTIMATION OF RECORD DATE TO STOCK EXCHANGES WHY ?

Sebi has altered exposure standards relating to suggestion of record date to stock trades. Under the standards, recorded organizations will insinuate the record date for corporate occasions, including profit affirmation, reward offer and rights issue, to stock trades.

An organization is required to educate every stock trade where it is recorded or where stock subordinates are accessible on its stock or where its stock structure some portion of a file on which subsidiaries are accessible.

The record date is with the purpose of declaration of dividend; issue of right or bonus shares; issue of shares for conversion of debentures or any other convertible security . shares emerging out of rights connected to debentures or some other convertible security and corporate activities like mergers, de-mergers, parts and Bonus .

To offer impact to this, Sebi has altered LODR (Listing and Disclosure Requirements) Regulations, the Sebi said in a notice .

Record date, in advertise speech alludes to a specific date fixed by giving organization when a speculator should claim offers to be qualified to get corporate profits or extra offers among others.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

WHY RBI POLICY IS UNCHANGED EXPLAINED IN DETAIL ?

The Monetary Policy Committee consistently chose to keep repo just as opposite repo rate unaltered in its every other month strategy meeting on August 6. Regardless of no approach rate cut, the MPC kept up an accommodative position.

The repo rate has been unaltered at 4 percent and the converse repo rate is at 3.35 percent, while MSF rate and Bank rates were additionally left unaltered at 4.25 percent.

Specialists feel business as usual on strategy rate was on expected lines given the 115 bps repo rate cut so far in 2020 and current higher expansion levels.

As anyone might expect, the RBI’s MPC collectively held the state of affairs on rates. The current degree of rates in the framework is sufficiently considerate to take into consideration an interruption. Combined rate cuts since February 2019 were additionally joined by a more honed cut backward repo just as the brought down degree of CRR, in past arrangement declarations. As the US Federal Reserve kept rates unaltered, it empowered us to hold our rates at current levels, which likewise helps bait unfamiliar capital. The delay permitted RBI a chance to screen upside dangers to food expansion and cost-push pressures from the ascent in fuel costs,.

RBI unmistakably suggested that further rate cut is to a great extent subject to swelling levels. India’s retail expansion for the long stretch of June debilitated to 6.09 percent because of spike in the costs of certain food things, against 5.84 percent in March as April and May were lockdown periods.

RBI expects feature swelling to stay raised in Q2 FY21 and expects FY21 genuine GDP development to stay in negative zone in the first half and furthermore in the full monetary year. Consequently, the national bank expects further financial strategy activities to help the economy.

Additionally Read: Here are 10 features of RBI money related arrangement

We stay careful for strong decrease in expansion to utilize space for monetary recovery. Financial action in India has begun to recoup from lows of April and May, the RBI lead representative said.

MPCs alert on vulnerability on swelling direction proposes that odds of further facilitating will from now on stay a capacity obviously of the development of gracefully side stuns. We see next not many readings despite everything raised almost 6 percent and thus we don’t perceive any rate facilitating in any event the October meeting. On a positive note the other administrative and advancement estimates reported today will go far in guaranteeing money related steadiness, Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank said.

The measures taken by the RBI allowed the half year period due to COVID-19 emergency are sure for banks as there could be a one-time rebuilding of advances and for that, the board of trustees will be framed under veteran broker KV Kamath, while an expansion in credit to esteem (LTV) for gold advances is additionally a huge advance by RBI, specialists feel.

All the more significantly, the RBI Governor tended to liquidity worries in COVID emergency for lodging, MSMEs, the progression of credit in corporate security advertises and encouraging improved stage and framework for banks. The strategy will be viewed as a positive for banking area since no expansion of ban, once rebuilding permitted with severe conditions, a veteran financier in Mr KV Kamath to lead the master council and permitting protected credits through gold as guarantee with higher LTVs, Ambani said.

Increment in LTV for gold advances is another critical advance. While we need to hang tight for the fine prints on obligation rebuilding, the progression would be advantageous for the two banks and borrowers in the close term. The more extended term suggestion for banks, be that as it may, is less clear, he said.

With the end goal of relieving the effect of COVID-19 on family units, the RBI has chosen to expand the allowable credit to esteem proportion (LTV) for gold advances to 90 percent. This unwinding will be accessible till March 31, 2021.

The Reserve Bank is establishing an Expert Committee which will make suggestions to the RBI on the necessary money related boundaries, alongside the part explicit benchmark ranges for such boundaries, to be calculated into goal plans, said the national bank in its announcement, including the Expert Committee will likewise attempt a procedure approval of goal plans for borrowal accounts over a predetermined edge.

To help the MSME division which has been hit by the COVID-19 pandemic, the RBI has concluded that focused on MSME borrowers will be made qualified for rebuilding their obligation under the current system, gave their records the concerned loan specialist were named standard as on March 1, 2020. This rebuilding should be executed by March 31, 2021.

The national bank likewise explored its need area loaning (PSL) rules, saying an impetus structure is presently being set up for banks to address the territorial abberations in the progression of need division credit and PSL status is additionally being given to new businesses; and the cutoff points for sustainable power source, including sun based force and compacted bio-gas plants, are being expanded.

According to RBI’s surviving Basel III rules, if a bank holds an obligation instrument legitimately, it would need to allot lower capital, when contrasted with holding a similar obligation instrument through a Mutual Fund (MF)/Exchange Traded Fund (ETF).

The RBI has chosen to orchestrate the differential treatment existing at present. This will bring about generous capital investment funds for banks and is relied upon to give a lift to the corporate security showcase, it feels.

The RBI likewise gave extra uncommon liquidity office of Rs 10,000 crore at the strategy repo rate comprising of Rs 5,000 crore to the National Housing Bank (NHB) to shield the lodging division from liquidity interruptions and expand the progression of fund to the segment through lodging account organizations (HFCs), and Rs 5,000 crore to the National Bank for Agriculture and Rural Development (NABARD) to enhance the pressure being looked by littler non-bank money organizations (NBFCs) and smaller scale money establishments in acquiring access to liquidity.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

STEEL STRIPS WHEELS SHARES GAINED WHY : EXPLAINED IN DETAIL ?


Steel Strips Wheels shares up 1.5% percent intraday after the organization Bagged a fare order request from the US.

The organization has packed away firm fare orders for more than 116,00 wheels for US Caravan Trailer Market to be executed in the long stretch of October from its Chennai plant, according to organization discharge.

The inflow of more order is relied upon to originate from different clients as the market picks up steadiness. production at the Chennai steel wheel plant will additionally increase with such turns of events, it included.

The organization accomplished July 2020 Total wheel Rims deals of 9.25 lakh versus 12.59 lakh in July 2019 speaking to a de-development of 27 percent YoY.

Organization hopes to keep up great month-on-month upturn to come to pre-COVID levels by September 2020.

It has accomplished a gross turnover of Rs 132.75 crore in July 2020 versus Rs 182.52 crore in July 2019, in this way recording a de-development of 27 percent and accomplished a net turnover of Rs 110.35 crore in July 2020 versus Rs 154.50 crore in July 2019, recording a de-development of 29 percent.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

NEW CEO FOR HDFC BANK ?

NEW CEO FOR HDFC BANK

HDFC Bank had established a hunt board to discover the replacement to Aditya Puri who is planned to resign on October 26, 2020. HDFC Bank officials Sashidhar Jagdishan, Kaizad Bharucha and Citibank’s Sunil Garg were accepted to be in the race for the top position.

HDFC Bank in an administrative documenting said the RBI has endorsed the arrangement of Sashidhar Jagdishan as HDFC Bank CEO for a residency of three years beginning October 27. An executive gathering will likewise be met at the appropriate time to affirm his arrangement. Jagdishan will succeed famous investor Aditya Puri.

Sashidhar Jagdishan is at present Group Head and Change Agent of the bank. Jagdishan heads the elements of Finance, Human Resources, Legal and Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility.

He joined the bank in 1996 as a Manager in the Finance work. He became Business Head-Finance in 1999 and was named as Chief Financial Officer in the year 2008.

He has assumed a basic job in supporting the development direction of the Bank. He has driven the fund work and assumed a crucial job in adjusting the association in accomplishing the vital destinations throughout the years the bank writes in his profile area.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.