Pre Market Updates for 13 July 2022

*🔹Mkt. Updates :*

*SGX Nifty +75 pts (16105) from last trade 16030 ,*

Nikkei +149 pts ,

Hangseng +67 pts ,

Now @6.52am .

Dow -192.51 pts ,Nsdq -107.87 pts, S&P

-35.63 pts, Bovespa +58 pts , Ftse +13 pts , Dax +73 pts , Cac +47 pts , Crude @ $94.70 brl (-1.14), Brent @ $98.43 brl (-1.06) , Gold @ 1722.50 (-2.30), Silver @ $18.84 (-0.11), Euro @ $1.0028, JPY @ $136.81,  INR @ 79.455

*🔹US GOVT. 10-YEAR YIELD : 2.99%*

*Today's Corporate Action, 13 July Ex Date :*

MEERA

General  

METALCO

General  

MINDTREE

Quarterly Results 

PREMIERPOL

A.G.M.;

General;Quarterly Results

RAMASIGNS

Quarterly Results 

*Today's Key Results/Board Meetings, 13-Jul-22 :*

ABSLAMC

Final Dividend - Rs. - 5.8500

ORIENTBELL

Dividend - Rs. - 1.0000

POLYCHEM

Final Dividend - Rs. - 3.0000

SHANKARA

Final Dividend - Rs. - 1.0000

SHREECEM

Final Dividend - Rs. - 45.0000

VSTINDDividend - Rs. - 140.0000

WENDT

Final Dividend - Rs. - 45.0000

*SEC. IN F&O BAN FOR, 13 JUL, 2022 :*

*1. DELTACORP*

*ADDITION : DELTACORP*

*DELETION : NIL*

• 🔹India Central Bank Chief to Ensure Orderly Movement in Rupee

o Das Sees Inflation Easing Below 6% in 4Q of Fiscal Year

o RBI Signals Policy Won’t Sacrifice Growth Too Much

o Crypto to Undermine Central Banks’ Inflation Fight, Das Warns

• India June Inflation Elevated At 7% on Higher Food, Fuel Prices

o India June Consumer Prices Rise 7.01% Y/y, Est. +7.10%

• India May Industrial Production Rises 19.6% Y/y, Est. +20.8%

• India, Israel, US and UAE to Hold Bloc’s First Summit July 14

• CLP to Sell 10% Stake in Indian Unit to CDPQ Infrastructures

• ReNew Energy Refinances $525 Million Bonds With Rupee Debt

• India Cumulative Monsoon Rainfall 9% Above Normal as of July 12

• Stock-Trading Link Between India, Singapore Bourses Set to Start

• Global Funds Sell Net INR15.7B of India Stocks on Tuesday: NSE

o Domestic funds buy net 1.41b rupees of stocks

• Foreign Investors Buy Net INR3.59B of Indian Equities on Monday

• Foreigners Sell Net INR53.2B of India Equity Derivatives Tuesday

• Oil Sinks Further Below $100 as Recession Risk Spooks Market

• Pointed attack on inflation will need to continue, Sitharaman says: PTI

• India ministers to finalize report on casinos, online gaming under GST by Aug. 10: PTI

• BJP parliamentary board to meet this week to pick VP candidate: PTI

• 11am: India federal cabinet is scheduled to meet

• Top court to hear telecom dues case and also examine petitions seeking cryptocurrency regulations

• Axis Bank (AXSB): RBI Approves Makhija’s Reappointment as Chairman

• Care Ratings (CARE): To consider share buyback plan on July 20

• City Union Bank (CUBK): In bancassurance pact with Bajaj Allianz, CARE

• Delta Corp (DELTA): 1Q Net Income 571.3m rupees vs. loss 289.3m y/y

• HCL Technologies (HCLT): 1Q Net Income +2.2% y/y to 32.8 billion rupees, misses est. 33.2b; Revenue +17% to 234.6b, Ebit margin 17% vs. 19.6% y/y

• Mahanagar Gas (MAHGL): Raises Prices to Offset High Procurement Cost

• Shilpa Medicare (SLPA): Bengaluru unit VI gets UK MHRA GMP certificate

*Very Good Morning!!!*

*US Markets in Detail...*

*SGX: 16,075: +15: +0.09%*

*Provisional Cash Rs. In Crs. (12th July)*

FIIs: -1,566 (4,651 – 6,216)

DIIs: 141 (3,494 – 3,353)

*Today’s major corporate earnings:*

GUJHOTE, ITHL, JPTRLES, MINDTREE, PREMIERPOL, RAMASIGNS, TATAMETALI, ETC

Sensex: 53,887 (-509) (-0.94%)

Nifty: 16,058 (-158) (-0.97%)

BankNifty: 35,132 (-337) (-0.95%)

NiftyIT: 27,064 (-317) (-1.16%)

MIDCAP: 22,681 (-117) (-0.51%)

Dow: 30,981 (-193) (-0.62%)

S&P: 3,819 (-36) (-0.92%)

Nas: 11,265 (-108) (-0.95%)

Brazil: 100,289 (-441) (-0.44%)

Ftse: 7,210: +13: +0.18%

Dax: 12,905: +73: +0.57%

Cac: 6,044: +48: +0.80%

MOEX: 2,134 (-29) (-1.32%)

WTI Oil: $95.84 (-8.25) (-7.93%)

Brnt: $99.21 (-8) (-7.37%)

Gold: $1,725 (-7) (-0.40%)

Silver: $18.96 (-0.88%)

Copper: $329 (-14) (-4.15%)

Copper (LME): $7,585 (-221) (-2.83%)

Alluminum (LME): $2,380 (-57) (-1.84%)

Zinc (LM): $3,042 (-57) (-1.84%)

Tin (LME): $26,263: +899: +3.54%

Eur-$: 1.0035

GBP-$: 1.1888

Jpy-$: 136.84

Re: 79.6025: +0.21%

USD = RUB: 61.7528 (-1.15%)

US10yr: 2.97%

GIND10YR: 7.391 (-0.48%)

$ Index: 108.1680: +0.14%

US Vix: 27.29: +4.28%

India Vix: 18.5475: +0.98%

BalticDry: 2,081: +14: +0.68%

*ADR/GDR*

Cogni (-0.84%)

Infy (-1.35%)

Wit (-0.58%)

IciciBk (-1.30%)

HdfcBk (-1.06%)

DrRdy (-1.33%)

TataMo (-0.48%)

TatSt (-0.44%)

Axis (-0.35%)

SBI (-0.16%)

RIGD: +0.17%

INDA (-0.27%) (IShares MSCI INDIA ETF)

INDY (-0.36%) (IShares MSCI INDIA 50 ETF)

EPI (-0.23%) (Wisdom Tree India Earning)

PIN (-0.52%) (Invesco India Etf)

*U.S. stocks stumble into the close as June inflation report looms: Treasury yield curve inversion reflects fears of economic slowdown*

U.S. stocks finished lower on Tuesday for a second day as investors braced for the latest update on what has been the worst bout of inflation to hammer the U.S. economy in four decades.

Stocks (slid at the close) had a hard time finding direction before key inflation data, with the Treasury curve inversion deepening to levels last seen in 2007 amid fears that Federal Reserve aggressive rate hikes will sink the economy into a recession.

*Stocks dove in the final hour of trading after struggling to pick a direction throughout the day. The major indexes fluctuated between gains and losses, with the Dow up as much as 172 points and down more than 300 points.*

The S&P 500 swung between gains and losses, while the Dow Jones Industrial Average outperformed as Boeing Co. announced a jump in deliveries. The yield on the 10-year US note dropped as much as 12 basis points below the two-year rate. So-called inversions of the curve are regarded as a potential harbinger of an economic contraction.

*Oil prices fell sharply on Tuesday on a strong dollar, demand-sapping COVID-19 curbs in top crude importer China and fears of a global economic slowdown. It tumbled below $100 a barrel.*

There’s a lack of a catalyst, a lack of a leadership right now. Growth is slowing and global central banks are still in tightening mode and I think that’s concerning the markets.

*While the CPI report is expected to show inflation gathered heat in June, the so-called "core" CPI, which strips away volatile food and energy prices, is seen offering further confirmation that inflation has peaked, which could potentially convince the Federal Reserve to ease on its policy tightening in autumn.*

*Economists say inflation continued to heat up in June, hitting a pandemic peak that will keep the Fed geared for another big hike later this month. The consumer price index due Wednesday probably rose 8.8% from a year earlier, marking the largest jump since 1981, according to the median forecast in a Bloomberg survey.*

The market is showing nervousness as to what this is going to look like. There’s been talk about commodity prices coming down, but we’re not really seeing that flow through yet. We’re still expecting this number to come in pretty high

*Traders also kept a close eye on the dollar, which fluctuated after hitting the highest since the Covid-19 panic of March 2020. For now, a wall of derivatives bets is keeping the euro from reaching parity with the greenback for the first time in two decades.*

*Investors will be very much focused on the currency moves and their impact on corporate profits. PepsiCo Inc., one of the first major industry players to report second-quarter earnings, said demand remained robust despite inflation -- though it expected headwinds from a stronger dollar.*

*In the current environment, dollar strength is a sign of investors’ worries about a global recession since it signals a flight to the relative safety of the world’s reserve currency. Until the dollar starts to weaken, it is difficult to believe the lows are in for US equities in 2022.”*

On Monday, the Dow fell 164 points, or 0.5%, while the S&P 500 declined 1.2% and the Nasdaq Composite dropped 2.3%.

*Volume on U.S. exchanges was 9.86 billion shares, compared with the 12.79 billion average over the last 20 trading days.*

*What drove markets*

*After a fleeting rebound off the 18-month lows the S&P 500 index touched in mid-June, the mood was again cautious on Tuesday as the strong dollar weighed on sentiment ahead of Wednesday’s consumer-price index for June, while the second-quarter corporate earnings reporting season starts on Thursday.*

With the inflation report looming large on the economic calendar, investors appear reluctant to open new positions ahead of the data, even as the White House has preemptively dismissed the report as already out of date.

The overarching driver of trade today is the CPI report tomorrow and investors’ reluctance to get out directionally one way or the other in advance of it.

*Traders remain wary about the prospects for corporate profits also amid signs of slowing global economic growth, although declining commodity prices have spurred hopes that the Federal Reserve might be able to transition back to cutting interest rates as soon as next year.*

*There’s been some talk of peak inflation in the US due — among other reasons — to a fall in some agriculture food prices. After all, it was the soaring prices of wheat, corn and other soft commodities, as well as energy, that have boosted inflation so much over the past year or so. With these prices coming down a little, this is clearly some good news — and some light at the end of the tunnel.*

The drop in commodity prices, however, may not be reflected in the June consumer price index due Wednesday. “So, just like May, there is a risk that inflation could overshoot again. If so, this will likely trigger fresh gains for the dollar.

As for the dollar, investors are worried about how a surging U.S. currency may impact corporate earnings.

Investors are thinking about what it means in terms of tightening financial conditions, plus the fact that it will work to be counterproductive to earnings.

The dollar has soared versus major rivals in 2022, but pulled back from a 20-year high for the ICE U.S. Dollar Index Tuesday after the euro came tantalizingly close to hitting parity versus the U.S. currency for the first time in around two decades.

*Big U.S banks will kick off the second quarter earnings reporting season proper in coming days, with JPMorgan Chase and Morgan Stanley on Thursday, and Citigroup and Wells Fargo on Friday.*

*Expectations are for limited earnings growth. Analysts are forecasting an average 4.3% increase for companies in the S&P 500, which would be the weakest since the end of 2020, according to FactSet.*

*Three months ago analysts were projecting growth of 5.9%, and the difference reflects building concerns that rampant inflation, and the consequent higher borrowing costs imposed by central banks to counteract it, have caused profit margins to compress.*

*As for economic data Tuesday, the National Federation of Independent Business said its small-business optimism index fell 3.6 points to 89.5, the lowest level since the first few months of the pandemic in 2020. The index has declined during five of the past six months. *

*Meanwhile, 34% of survey respondents said inflation is their primary concern, the highest percentage since 1980 — a sign that inflation has continued to hurt small businesses, which don’t share the pricing power of large corporations.*

Investors on Tuesday appeared to be shunning riskier assets such as stocks in favor of traditional safe havens such as U.S. Treasurys and the dollar. The 10-year Treasury yield fell about 1 basis point to about 2.98%.

*The U.S. 10-year Treasury yield fell 3.2 basis points to 2.958% as traders sought the relative safety of government debt. But the rally in Treasuries caused the closely followed spread between the two-year and 10-year notes to shrink to minus 8.5 basis points, its deepest inversion since Feb. 27, 2007.*

*Sam Zell, the billionaire made famous by his real-estate deals, said that central bank actions to flood the market with money in recent years are coming back to bite the economy. He urged Fed Chair Jerome Powell to raise rates by as much as 75 basis points and “break the inflation mentality.”*

Market participants have been reflecting on a stronger-than-expected job report out of the U.S. last Friday which showed that the economic downturn worrying investors has not yet arrived.

*Market participants are keeping a close eye on downside risk to earnings forecasts as companies grapple with rising interest rates and greater inflationary pressures, and Wall Street debates the likelihood of a recession.*

The impact, however, won’t hit until companies post third-quarter earnings, said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.

“Our expectations are that earnings should be as good or better than expected because we don’t think the headwinds have really started to meaningfully impact companies yet,” he said. “We do agree with the consensus that on a going-forward basis, things are going to get more difficult and we are concerned about a slowdown in earnings or a potential earnings recession.”

*Businesses able to pass off high commodity prices are well-positioned to stand out this earnings season, Lerner said. But not all businesses have found success in pushing costs onto customers and many companies are getting squeezed by the costs of goods and rising wages.*

“What I’m seeing is this inflection point where businesses are starting to become a bit more pessimistic about passing along higher input costs,” said Jeffrey Roach, chief economist at LPL Financial. “If firms are having trouble managing input costs, that clearly translates into the squeezing of profit margins, so earnings will downshift from here.”

*The jobs report, while good for the economy, could embolden the Federal Reserve to continue its aggressive rate hikes in the coming months to fight persistently high inflation. It will be tested with a slew of U.S. earnings from major banks and the latest consumer inflation reading coming up this week.*

*The dollar strengthens*

*The dollar index, which measures the U.S. currency’s performance against six other currencies, popped to a high of 108.56. That gain brought the euro to parity with the U.S. dollar and to its lowest level since 2002 as recession fears heighten in Europe.*

The dollar index has been on fire this year, rising nearly 13%. Several Wall Street strategists have warned that this strength in the U.S. currency could spell trouble for corporate earnings ahead.

“The surging USD is a symptom of global unease and will make life even more difficult for Corporate America,” and international central banks, creating further headwinds for earnings per share, wrote Adam Crisafulli of Vital Knowledge.

Inflation is also on investors’ radars this week with June’s consumer price index report set for release Wednesday. The headline inflation number, including food and energy, is expected to rise to 8.8% from May’s level of 8.6%, according to estimates from Dow Jones.

“The bottom line is that inflation may stay elevated for another month or two,” wrote Art Hogan, National Securities’ chief market strategist, but June’s core reading should indicate “some sequential improvement.”

*People hospitalized with Covid-19 have doubled since early May as the even more transmissible omicron BA.5 subvariant has caused another wave of infection across the country, U.S. health officials said Tuesday.*

*Renewed COVID-19 mobility curbs in China were also weighing on prices, the bank said.*

*Multiple Chinese cities are adopting fresh COVID-19 curbs, from business shutdowns to broader lockdowns in an effort to rein in new infections from the highly infectious BA.5.2.1 subvariant of the virus.*

*Companies in focus*

• Shares of *PepsiCo Inc.* finished 0.6% lower despite reporting fiscal second-quarter profit and revenue that were well above expectations, and which affirmed the beverage and snack giant’s full-year outlook.

• *Peloton shares climbed 3.7%* after the fitness company announced it will outsource its manufacturing.

• Cloud-computing giant *ServiceNow Inc. fell sharply* on Tuesday after its CEO discussed economic headwinds affecting the business during an interview with CNBC’s Jim Cramer. Shares were down 12.7%. Salesforce Inc., a competitor and Dow component, appeared to decline in sympathy, with its shares falling 4.6%.

• *Boeing Company shares surged more than 7%* after reporting strong deliveries data for the second half of last year.

• *American Airlines Group Inc. surged* as the carrier stuck with its expectation for a jump in second-quarter sales, highlighting the strength of travel demand.

• Bargain hunters are expected to find *Amazon.com Inc.’s two-day Prime Day sale* underwhelming this year, with many sellers minimizing profit-eating discounts in an era of soaring costs.

• *Apparel retailer Gap Inc fell 5.0%* following its announcement that its CEO would step down, and that margins would stay under pressure in the second quarter due to input costs.

Wall Street’s overnight dive left Asian bourses on the back foot. Hong Kong’s Hang Seng fell 0.9% and the Nikkei 225 in Japan slumped 1.8% after a measure of inflation hit 9.2%, higher than expected.

The Stoxx Europe 600 rose 0.5%, while the FTSE 100 gained 0.2% in London. European stocks closed higher on Tuesday, reversing earlier losses as market participants closely monitored the euro and economic data.

The euro reversed losses that saw the single currency teetering on the brink of parity with the dollar on Tuesday morning. It was last seen trading 0.2% higher at $1.006.

The euro had slipped 0.4% to trade at $1.0001 earlier in the session as the euro zone’s energy supply crisis and economic woes continue to depress the common currency.

*Oil and gas stocks were volatile Tuesday morning, veering between positive and negative territory as investors weighed the risks regarding gas supplies to Europe after Russia suspended deliveries of gas to Germany via the Nord Stream 1 pipeline while it undergoes its annual summer maintenance.*

The planned 10-day maintenance of the pipeline has stoked fears that Russia could further disrupt gas supplies to Germany.

*On the data front, German investor sentiment fell sharply in July. The ZEW economic research institute said on Tuesday that its economic sentiment index fell to -53.8 points from -28 last month. The reading was weighed down by lingering concerns about Germany’s energy supply, the European Central Bank’s monetary policy and pandemic-related lockdowns in China.*

*What to watch this week:*

# Earnings due from JPMorgan, Morgan Stanley, Citigroup, Wells Fargo

# New Zealand rate decisions, Wednesday

# US CPI data, Wednesday

# Federal Reserve Beige Book, Wednesday

# US PPI, jobless claims, Thursday China GDP, Friday

# US business inventories, industrial production, University of Michigan consumer sentiment, Empire manufacturing, retail sales, Friday

# G-20 finance ministers, central bankers meet in Bali, from Friday

# Atlanta Fed President Raphael Bostic speaks, Friday

*Currencies*

# The Bloomberg Dollar Spot Index was little changed

# The euro rose 0.1% to $1.0054

# The British pound was little changed at $1.1899

# The Japanese yen rose 0.5% to 136.74 per dollar

*Bonds*

# The yield on 10-year Treasuries declined four basis points to 2.95%

# Germany’s 10-year yield declined 11 basis points to 1.13%

# Britain’s 10-year yield declined 10 basis points to 2.07% +

*Commodities*

# West Texas Intermediate crude fell 7.7% to $96.08 a barrel

# Gold futures fell 0.4% to $1,725.20 an ounce.

*🌹India Daybook – Stocks in News*

*Paper Stocks:* Paper Import Monitoring System (PIMS) to come into effect from 1st October, 2022. (Positive)

*Oil downstream stocks:* Brent crude slips below $100 at $99.9. (Positive)

*Delta Corp:* Cons Net Sales at Rs 250 cr vs Rs 76 cr YoY, PAT at Rs 57 cr vs loss of Rs 29 cr YoY. (Positive)

*Bank of Baroda:* Company seeks to recover around Rs 1,740 crore from SKS Power Gen Chhattisgarh (Positive)

*Deepak Nitrite:* Gujarat Pollution Control Board revokes closure order, for 3 months in Nandesari, Gujarat. (Positive)

*Shilpa Medicare:* Bengaluru Unit VI gets UK MHRA GMP certificate. (Positive)

*Max Ventures:* BSE, NSE convey their ‘No Objection’ to the merger scheme. (Positive)

*CUB:* Bank has entered into bancassurance agreement/ tie-up with BAJAJ Allianz Life Insurance and CARE Health. (Positive)

*CARE:* To consider proposal of buyback on 20 July 2022 (Positive)

*Navin:* Inaugurated new plant at Dahej which will be manufacturing Honeywell’s proprietary Solstice range of Hydrofluoroolefins. (Positive)

*Borosil:* Acquired 100% stake in lnterfloat Corporation and GMB Glasmanufaktur Brandenburg (Positive)

*MGL:* Raised CNG prices by Rs 4/Kg to Rs 80, while that of domestic PNG hiked by Rs 3/scm to Rs 48.50 (Positive)

*VBL:* Strong commentary from PepsiCo after two consecutive washed out summer seasons due to the pandemic waves (Positive)

*Coal India:* Coal Production Likely to Cross 920 Million Ton in FY23 (Positive)

*Indigo* management writes to airline technicians, assures of rationalising the salaries (Neutral)

*HCL Tech Q1:* Revenue at Rs 23,464 cr vs poll of Rs 23,300 cr EBIT margin at 17% vs poll of 17.5%. (Neutral)

*Axis Bank:* Rakesh Makhija reappointed Non- Executive (Part-time) Chairman of the Bank, upto October 26, 2023 (Neutral)

*NIACL:* Government appoints Madhulika Bhaskar as acting CMD of New India Assurance for 3 months. (Neutral)

*Oil upstream stocks:* Brent crude slips below $100 at $99.9

*HCL Tech:* Still see heightened attrition, expect it to stay high in Q2 also.

*SpiceJet* incidents rise to 10 in last 24 days after two flights report technical issues.

*Sterling & Wilson Q1:* Net loss at ₹353.9 Cr Vs loss of ₹76 Cr, Revenue up 1% at ₹1,206.9 Cr Vs ₹1,194.6 Cr (YoY)

*Business News Headlines*🇮🇳

*Economic Times*

Ø Adani, AG&P, others look to buy into Unison Enviro

Ø NSE cautious investors against guaranteed return products

Ø HCL Tech Q1 results: Consolidated PAT comes at Rs 3,283 cr; revenue jumps 17%

Ø Centre allays concerns over $620.7 bn external debt

Ø GoM suggests no change in GST rate on online gaming, sticks to 28% recommendation

Ø Re payment for trade to boost rice, tea exports to Russia, Iran

Ø NCLT directs tax department to return TDS to bankrupt Precision Fasteners

Ø Mahindra & Mahindra open to investing in EV battery cell maker to secure supplies: CEO Anish Shah

Ø Arohan Financials sheds IPO renewal plan, to raise equity from PE investor

Ø RBI imposes a monetary penalty of Rs 1. 67 crores on Ola Financial Services

Ø SBI subsidiary signs MoU with MEA for Trilateral Development Cooperation Fund

Ø NBFCs, HFCs securitisation volumes almost doubled to Rs 33,000 crore in April-June: Report

*Business Standard*

Ø India's retail inflation eases marginally in June, but rate hike on cards

Ø Brent slumps to below $100 a barrel on firm dollar, weak demand outlook

Ø India nowhere near a middle income trap: LSE professor Nicholas Stern

Ø ED asks NSE to explain appointment of iSec Services as systems auditor

Ø DoT bars use of non-trusted telecom gear for network expansion

Ø China's $220-bn stimulus unlikely to reverse global metals meltdown

Ø Life Insurers to benefit once again from low-base effect in Q1FY23

Ø India to overtake China as world's most populated country in 2023: UN

Ø Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Ø NMDC to be excluded from Nifty CPSE index over move to hive off steel arm

*Financial Express*

Ø ITC to raise pulpwood production by 42% to 5 MT

Ø HFC loan portfolio seen growing by 12% in FY23

Ø OPEC forecasts slower oil demand growth in 2023

Ø Tea crop affected in north India due to rains, says trade body

Ø GSP Crop Science plans Rs 500-crore IPO next year

Ø Godrej Consumer expects double-digit volume growth; To focus on category development and innovation

Ø Soaring raw material costs posed fresh challenge in FY22, says MRF

Ø NBFCs, HFCs securitisation volumes almost doubled to Rs 33,000 crore in April-June: Report

Bulk Deal & Insider Trade Update

Bulk Deals

---

Ashika

Insider Trade

*Disposal*

*Janak Desai Promoter Group Disposal 3000 shares of Kotak Mahindra Bank Ltd.

*Invoke*

*A J Tolls Private Limited Promoter Group Invoke 84222 shares of Mep Infrastructure Developers Ltd

Ashika

Dividend Update

*ABSLAMC Final Dividend Rs. 5.85 Ex Date 13-Jul-2022

*ANG Lifesciences India Ltd. Bonus issue 1:4 Ex Date 13-Jul-2022

*ASM Technologies Ltd. Final Dividend Rs. 2.5 Ex Date 13-Jul-2022

*Magadh Sugar & Energy Ltd. Dividend Rs. 6.5 Ex Date 13-Jul-2022

*Orient Bell Ltd. Dividend Rs. 1 Ex Date 13-Jul-2022

*Polychem Ltd. Final Dividend Rs. 3 Ex Date 13-Jul-2022

*Shankara Building Products Ltd. Final Dividend Rs. 1 Ex Date 13-Jul-2022

*Shree Cement Ltd. Final Dividend Rs. 45 Ex Date 13-Jul-2022

*VST Industries Ltd. Dividend Rs. 140 Ex Date 13-Jul-2022

*Wendt (India) Ltd. Final Dividend Rs. 45 Ex Date 13-Jul-2022

*Result Today*

Mindtree Ltd.

Tata Metaliks Ltd.

Telegram.me/AlliesFin