Q4 EARNING SEASON BEGINS - Quarter 4 Result Dates of Various Companies

11th April - 2023 - DELTA CORP

12th April - 2023 - TCS 

12th April - 2023 - ANAND RATHI

12th April - 2023 - DHARANI SUGARS

12th April - 2023 - NATIONAL STANDARD

13th April - 2023 - INFOSYS 

13th April - 2023 - AVANTEL

15th April - 2023 - HDFC BANK

17th April - 2023 - ANGEL ONE

18th April - 2023 - ICICI LOMBARD 

18th April - 2023 - SCHAEFFLER INDIA

18th April - 2023 - TATA COFFEE 

18th April - 2023 - ICICI SEC.

19th April - 2023 - TATA COMM.

20th April - 2023 - HCL TECH 

20th April - 2023 - ICICI PRU. 

22nd April - 2023 - ICICI BANK 

24th April - 2023 - MAHARASHTRA SCOOTERS

25th April - 2023 - BAJAJ AUTO

25th April - 2023 - HDFC AMC 

25th April - 2023 - NESTLE INDIA

25th April - 2023 - ELECON

25th April - 2023 - MAHINDRA CIE

25th April - 2023 - MAHINDRA LIFESPACES 

25th April - 2023 - MAHINDRA HOLIDAY 

26th April - 2023 - BAJAJ FINANCE 

26th April - 2023 - HDFC LIFE

26th April - 2023 - LTTS

26th April - 2023 - POONAWALLA FINCORP 

26th April - 2023 - UTI AMC

27th April - 2023 - AXIS BANK 

27th April - 2023 - BAJAJ FINSERV 

27th April - 2023 - WIPRO

27th April - 2023 - TECH MAHINDRA 

27th April - 2023 - COFORGE 

27th April - 2023 - MPHASIS

 

The Intraday trades can plan accordingly for their trade in equity and Derivatives.

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Top 10 stocks - 11/04/2023

State Bank of India: The largest public sector lender in the country, State Bank of India (SBI) on Monday announced its plan to raise up to $2 billion for the financial year FY24 through the issuance of senior unsecured notes. The senior unsecured notes will be in US dollars or any other convertible foreign currency. Also, the board will consider whether to issue these notes through a public offer and or private placement.

Reliance Industries: After announcing its plan to revive the iconic soft drink, Campa-Cola, to build its presence in India's soft drinks market, Reliance Industries-backed Reliance Consumer Products is all set to compete with dairy brands like Amul and Mother Dairy by venturing into the ice cream and dairy market. The company is planning to launch ice cream products under its brand.

Bajaj Finserv: Bajaj Finserv Mutual Fund, which received Sebi's clearance to begin the mutual fund operations last month, has filed draft documents with the markets regulator for launching seven schemes in equity, debt and hybrid spaces. The newest player has filed papers to launch mutual fund schemes -- liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap, balance advantage and flexi cap fund.

L&T: Larsen and Toubro on Monday said its hydrocarbon business, L&T Energy Hydrocarbon or LTEH, recently secured an order under its ‘advanced value engineering and technology’ vertical from Chambal Fertilisers and Chemicals. The order has been awarded by Chambal Fertilisers for licence plus engineering, procurement and construction of a technical ammonium nitrate.

Bajaj Auto: Bajaj Auto has announced that it has successfully completed the transfer of Triumph India's sales and marketing operations. The announcement comes after three years when the duo announced a strategic partnership in 2020. In a regulatory filing today, Bajaj Auto said "This launches the next phase of the partnership, effective from April 1st, 2023, where all the current 15 Triumph Motorcycle dealerships will be managed by Bajaj Auto. 

Glenmark Pharmaceuticals: Glenmark Pharmaceuticals Ltd is considering selling a majority stake in Glenmark Life Sciences to pare debt, said two people familiar with the development. Kotak Mahindra Capital Co. Ltd has been hired to run the sale process, and the company has contacted buyout funds to gauge investor interest, the people said.  

Bank of Baroda: Bank of Baroda on Monday reported its Q4 business update, said that the bank's total deposits grew by 15.1 per cent to ₹12.04 lakh crore as of the quarter ended 31 March 2023, as compared to ₹11.4 lakh crore in the corresponding quarter last fiscal. "Total Deposits of the bank grew by 15.1% YoY and 4.7% QoQ to Rs. 12.04 trillion as of 31st March 2023.," said the bank in its regulatory filing.  

Vedanta: Anil Agarwal-led Vedanta Ltd on Monday said that the company would hold a meeting on April 13, 2023, to consider the issuance of non-convertible debentures (NCDs) on a private placement basis. “The Company proposes to hold a meeting of its duly constituted Committee of Directors on Thursday, April 13, 2023, to consider the proposal for issuance of Non-Convertible Debentures on a private placement basis.

JSW Steel: JSW Steel on Monday said the company reported its highest ever consolidated crude steel production at 24.15 million tonne in FY23, registering a growth of 24 per cent year-on-year. The company has reported its highest-ever quarterly consolidated crude steel production at 6.58 million tonnes for the March quarter of FY23, registering a growth of 13 per cent year-on-year (YoY) and 7 per cent quarter-on-quarter

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Top Stocks to watch

 Tata Motors: Tata Motors Ltd. has recorded an 8% increase in its global wholesale vehicle sales business in the March quarter of FY2023, even as the car business, globally, is witnessing a lackadaisical phase in the wake of rising loan rates and the consequent weakening purchasing power among customers.  

Adani Green Energy: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced that Adani Green Energy will be moved to the first stage of the long-term additional surveillance measure framework from April 10, as reported by PTI.

ONGC: State-owned Oil and Natural Gas Corporation (ONGC) on Saturday said that it has bought 11,520,000 shares of Mangalore SEZ Limited from IL&FS. The company in its regulatory filing said it has acquired 1,1520,000 equity shares of Mangalore SEZ Ltd( MSEZ) from IL&FS at a total consideration of ₹40.32 crore, said ONGC in its regulatory filing .

Titan: Titan Company on Thursday said that the March quarter of the fiscal year recorded healthy double-digit growth across all of its key businesses. The revenues of Titan grew by 25 per cent year-on-year aided by higher growth contributions from watches & wearables and emerging businesses.  

Adani Wilmar: Fast-moving consumer goods firm Adani Wilmar a joint venture between Adani Enterprises and Wilmar International, posted revenues of ₹55,000 crore in FY23, up 14% from ₹54,213.5 crore in 2021-22. Its food and FMCG business grew 55% from a year earlier to around ₹3,800 crore in FY23, Adani Wilmar informed the exchanges on Thursday.

Godrej Consumer Products: FMCG major Godrej Consumer Products Ltd (GCPL) on Thursday said the company will be investing ₹100 crore in Early Spring, a new ₹300 crore early-stage consumer fund being set up by Spring Marketing Capital (Spring).GCPL will anchor the fund in addition to offering its expertise and experience to help founders build strong, sustainable companies.

Muthoot Finance: The largest gold loan NBFC in the country, Muthoot Finance on Thursday announced it has declared an interim dividend of ₹22 per equity share for the financial year FY23. In percentage terms, the dividend comes to around 220%.

Nazara Technologies: Listed gaming startup Nazara Technologies Ltd’s announced its subsidiary Sportskeeda has completed the acquisition of a 73.27% stake in Pro Football Network Inc. Sportskeeda Inc, is a wholly owned subsidiary of Absolute Sports Private Limited, which is a material subsidiary of Nazara Technologies. Sportskeeda Inc has acquired the 73.27 per cent stake in Pro Football Network Inc.

REC: State-owned non-banking finance firm REC Ltd on Saturday said it had raised $750 million through the issuance of green bonds. The net proceeds from the issue of the bonds will be applied to finance, in whole or in part, the eligible green projects in accordance with the approvals granted by the Reserve Bank of India from time to time and in accordance with the ECB guidelines.

Kalyani Forge: Forging company Kalyani Forge on Friday said its Chief Financial Officer (CFO) Laxmi Narayan Patra has resigned. His resignation is effective from April 6, 2023. This is to inform you that  Chief Financial Officer of the Company, had tendered his resignation due to personal reasons effective from the end of business hours of 6th April 2023.

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ESOP Disclosures in FORM C

 In case a designated person is taking financial assistance for acquiring the ESOP
Shares, do Form C is required to be filed?

 

The disclosures are required on receipt of shares pursuant to exercise of ESOPs.

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What must be the value that the designated person should mention while reporting trades to the Company?

 What must be the value that the designated person should mention while reporting
trades to the Company? Should it be the market rate or should it be by subtracting
Brokerage, Commission etc. i.e.net of taxes and all transaction charges?

 

For the purpose of reporting trades, market rate should be considered.

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Disclosures in Form C with regard to trades Exceeding 10 Lacs.

 In case of trades exceeding Rs. 10 Lacs in a quarter, any subsequent trades need to be
disclosed in Form C or should the next disclosure be only when the next Rs. 10 Lacs
limit is breached?

 

The explanation to Regulation 7(2)(b) states that the disclosure of the incremental transactions
after any disclosure under this sub-regulation shall be made when the transactions effected
after the prior disclosure cross the threshold specified in clause (a) of sub-regulation (2).
Hence, the next disclosure will be due when the next Rs. 10 lacs limit is breached.

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In case a designated person is a foreign national/individual who do not possess PAN or a demat account number, whether system driven disclosures are required to be submitted?

 If a designated person does not have PAN or a demat account number, then such a person
cannot trade in the Indian securities market. Hence, system driven disclosures will not trigger
for such a person

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the designated person is in possession of an UPSI which was not existing at the time of formulation/submission of trading plan, would these trades be in violation of SEBI (PIT) Regulations?

 If an insider/designated person trades on the basis of earlier UPSI, which is still not generally
available, then it will be in violation of SEBI (PIT) Regulations. However, if at the time of
formulation of trading plan, there was no UPSI or later on a new UPSI was generated, then
the trading can be carried out as per the trading plan, even if the new UPSI has not been made
generally available

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What should be the value of the pledge / revoke transaction for the purpose of disclosure?

 For the purpose of calculation of threshold for disclosures relating to pledge under Chapter III
of the SEBI Regulations, the market value on the date of pledge/revoke transaction should be considered. In the above illustration, the value of transaction would be considered as fifteen
lakh rupees.

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Whether creation of pledge, revocation of pledge5 or invocation of pledge is allowed when trading window is closed?

 Yes. However, the pledgor or pledgee may demonstrate that the creation/revocation5 of pledge
or invocation of pledge was bona fide and prove their innocence under proviso to sub-
regulation (1) of regulation 4 of the Regulations.

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