Friday, February 28, 2020

Stock Market 28-Feb-2020



Stock Market 28-Feb-2020


Corporate News-

Not in the sound financial state; can meet liabilities only with govt support: Vodafone Idea 
TVS Motor Co partners Motomundo for sales, service in Honduras 
Zinc price can fall to Rs 140/kg as coronavirus could hamper demand 

Management Speaks-

A not necessary successor will be internal, says Aditya Puri, MD, HDFC Bank.
Aim to be debt-free company by March'21 via monetization of some businesses and land parcels, says Mohan Goenka, Director, Emami Group.
Haven’t seen an impact of high gold prices, coronavirus on-demand yet, says S Subramaniam, CFO, Titan.


Thursday, February 27, 2020

Stock Market 27-Feb-2020



Stock Market 27-Feb-2020


Corporate News-

Tata Motors' board approved committee gives nod to raise Rs5bn.
DHFL assets not proceeds of crime, PMLA court says.
Moody's downgrades rating of HPCL-Mittal Energy Ltd.

Management Speaks-

Coronavirus outbreak in China leading to higher prices of certain raw materials, says RK Goyal, Managing Director, Kalyani Steels.



Tuesday, February 25, 2020

Stock Market 25-Feb-2020



Stock Market 25-Feb-2020

Corporate News-

Tech Mahindra to acquire Zen3 Infosolutions for Rs 4.60bn.
CCI approves NTPC's stake-buy in NEEPCO, THDC India.
JSW Steel declared as preferred bidder for Jajang iron ore block in Odisha.
HUL clears proposal to form a new 100% subsidiary.

Management Speaks-

China disruption affecting Indian auto supply chain, says Rajan Wadhera, President, Society of Indian Automobile Manufacturers.
Confident of addressing 3 USFDA observations for Malaysia unit expeditiously, says Christiane Hamacher, MD and CEO, Biocon Biologics.

Kiran Mazumdar, CMD, Biocon says the company needs to take immediate steps to address possible shortages if crisis extends.
Airtel chief Sunil Mittal says, Industry is in a bad shape but Airtel was always safe.





Stock Market 24-Feb-2020



Stock Market 24-Feb-2020

Corporate News-

Passenger vehicle retail sales fall 5% in January: FADA.                  
Sula Vineyards launches the country’s first canned wine.                     
BHEL bags battery energy storage system order under the TRAI consortium project.              
Vistara to soon offer inflight calling, internet services.

Management Speaks-

Kiran Mazumdar, CMD, Biocon says the company needs to take immediate steps to address possible shortages if the crisis extends.
Airtel chief Sunil Mittal says, Industry is in a bad shape but Airtel was always safe.




Sunday, February 23, 2020

JM Fin Prod Tranche-III NCD issue review.



JM Fin Prod Tranche-III NCD issue review.


JM Financial is one of India’s prominent financial services groups, specializing in providing a spectrum of businesses to corporations, financial institutions, high net-worth individuals and retail investors. We are known for our diverse businesses which comprise of
(a) Investment Banking, Wealth Management and Securities (IWS) which includes fee and fund based activities for our clients
(b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP)
(c) Distressed credit which includes the Asset Reconstruction business
(d) Asset Management which includes the mutual fund business.
We have pioneered several strategies and transactions for a wide client base spread across geographies and thus developed rich experience and expertise. Every idea is unique to the need of the client and supported by superior execution to deliver maximum benefits. In the course of our journey, we have partnered with several top Indian and International corporate houses and gained their trust and confidence. Our well-established processes ensure total confidentiality for all our clients, thereby giving them absolute confidence in conflict management and maintenance of confidentiality.

We are a skilled team of professionals who bring varied talents, knowledge, and experience to the workplace, contributing greatly to the growth of our businesses. Our group is proud to have won several national and international accolades for our insightful advice and execution skills. We are driven to give back to society by supporting causes related to education, health care, skill development, entrepreneurship promotion, disaster relief, and animal welfare.

JM Financial NCD Feb 2020 Detail
Issue Open Feb 13, 2020 - Mar 9, 2020
Security Name JM Financial Products Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 2,000.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating ICRA AA/Stable, CRISIL AA/Stable
Tenor 24 months/ 40 months/ 60 months/ 120 months
Series I to Series X
Payment Frequency: Annual, Cumulative and Monthly
Basis of Allotment: First Come First Serve Basis

NCD Allocation Ratio
NCD's allocated in each investor category:

Category  NCD's Allocated
Category 1 (QIB) 10%
Category 2 (NII) 10%
Category 3 (HNI) 40%
Category 4 (RII) 40%

NCD's Offered
NCD's offered in each investor category:

Category NCD's Reserved
Category 1 (QIB) 100,000
Category 2 (NII) 100,000
Category 3 (HNI) 400,000
Category 4 (RII) 400,000
Total NCD's 1,000,000

NCD Rating Detail
ICRA = AA by ICRA 
CRISIL AA/STABLE" 

Company Promoters
JM Financial Limited is the promoter of the company.

Objects of the Issue:
The following objects of the Issue and the amount proposed to be financed from the Net Proceeds:

Company Contact Information
JM Financial Products Ltd
7th Floor, Cnergy,
Appasaheb Marathe Marg Prabhadevi,
Mumbai, Maharashtra 400 025, India
Phone: (+91 22) 6630 3030
Email: investorrelations.products@jmfl.com
Website: https://jmfinancialproducts.com/

JM Financial NCD Feb 2020 Registrar
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: jmfpl.ncd1@karvy.com
Website: https://karisma.karvy.com/

JM Financial NCD Feb 2020 Lead Manager(s)
A.K. Capital Services Limited
JM Financial Consultants Private Limited
Trust Investment Advisors Private Limited
Lead Manager Reports

JM Financial NCD Feb 2020 Rating
*** 3 stars out of 5 stars.

Conclusion :
Apply for the long term.

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Thursday, February 20, 2020

Stock Market 20-Feb-2020

Stock Market 20-Feb-2020


Stock Market Update

Corporate News-

Tata's Nelco, Panasonic launch IFC services, Vistara signs up.                        
Jio, Airtel, Vodafone Idea oppose Trai’s tariff plan transparency.                        
Jet Airways: CoC decides to extend the deadline for bids to March 10.                            
Pharma cos don’t see supply shortage, oppose an export ban.

Management Speaks-

Pawan Munjal, Chairman Hero MotoCorp says that the company is ready to partner Herley-Davidson in India.
Rajesh Bhatia, CFO Uflex’s says that the company is not impacted by coronavirus at all.


Wednesday, February 19, 2020

Stock Market 19-Feb-2020

Stock Market 19-Feb-2020


Stock Market Update

Corporate News-

Hero to invest Rs10,000 crore in 5-7 years.
No proposal to merge LIC Housing finance with any other entity.
Mukesh Ambani’s RIL to consolidate media and distribution business.

Management Speaks-

Prashant Jain, MD & CEO of JSW Energy says the company’s total debt would stand around Rs1400cr after GMR Kamalanga deal.

Vijay Garg, joint MD of IOL Chemicals & Pharmaceuticals said that BASF (in the US) shutdown and coronavirus is leading to ibuprofen shortage.


Adani group ne kyun band kiya 34900 Crore ka Project Band

"Adani group ne kyun band kiya 34,900 Crore ka Project Band?"   Link : https://youtu.be/6TeW89aMVUY   Adani group ko lagat...