EQUITY MARKETS MORNING ANALYSIS 5 JULY 2019

 The Board of Directors of Biocon Ltd. at its meeting held on April 25, 2019 had recommended a pre-bonus final dividend of Re. 1/- per equity share of face value of

Rs. 5/- each, for the approval of the members at the ensuing AGM. Pursuant to the approval of the issue of bonus shares in the ratio of 1:1 by the members on June

2, 2019 and due to the fact that the “record date” for determining the eligible shareholders entitled to receive dividend i.e., July 19, 2019 is post issue of bonus

shares by the company, the post-bonus final dividend per equity share payable to the eligible members, if approved at the ensuing AGM shall be Re. 0.50/- per

equity share, which is equivalent to a pre-bonus final dividend of Re. 1/- per equity share. The final dividend will be paid on or before Friday, August 2, 2019, if

approved at the ensuing AGM.  Greenply Industries Limited has informed the Exchange that the Company has fixed Record Date as July 15, 2019 for the purpose of Composite Scheme of

Arrangement (Greenpanel Industries Limited shall issue and allot to the shareholders of Greenply Industries Limited 1 equity share in Greenpanel Industries Limited,

for every 1 equity share held by them in Greenply Industries Limited).  Dewan Housing Finance Corp: Has sold one of its crucial commercial properties DHFL House in the Andheri suburb of Mumbai to the promoters of Charak Pharma

for 1.21 bln rupees, way below its current market price, sources said. (ET)  o Has delayed payment on some of its obligations, plans to ask banks to lend 15 bln rupees every month to help revive the company. (BS)  o Defaulted on 47.6-mln-rupee non-convertible debentures due on Wednesday, Thursday. (Cogencis)  Hero MotoCorp: Is working on several electric vehicle projects even as it has asked the government for a more cautious, clear and realistic roadmap towards the

adoption of such technology in the country.  InterGlobe Aviation: IndiGo, on Thursday said the airline has been forced to make a substantial number of cancellations and diversions of its flights to and from

Mumbai airport due to closure of the main runway since Monday.  JSW Steel: Increasing the operating profit made on every tn of steel sold, building capacities, securing access to raw materials, improving the technology used and

selling more value-added products will be the strategic focus areas for the company. o Plans to facilitate share purchase of about 4.2 bln rupees from the secondary market as part of a new employee stock option plan.  Larsen & Toubro: Has asked MINDTREE Chief Executive Officer Rostow Ravanan to step down as the new acquirer prepares for a top management recast of the

Bengaluru-headquartered information technology services company.  Tata Motors: Has decided to implement periodic production cuts at its passenger-car plants and focus on retail sales to prop up dealerships amid an industry wide

slowdown in passenger vehicle sales. (ET)  o Has cut by nearly 50% production of its hatchback Tiago and compact sedan Tigor since May, while also temporarily shutting down at least two production

lines of commercial vehicles owing to high inventory at the dealers and little space left at the company stockyard. (FE)  Vedanta: Has cut the prices of aluminium ingots. The company cut the rates of its products by nearly 1% with effect from Saturday. (Cogencis) o Is seeking an urgent court order in South Africa to prevent Zambia’s mining investment arm ZCCM from winding up its disputed Konkola Copper Mines

business. (ET)  DLF: Company fixed July 23 as record date for determining entitlement of shareholders for dividend for FY19.

 

 

BULK DEALS SCRIP NAME CLIENT NAME BUY/SELL QTY PRICE VALUE (In Cr.) LAGNAM KETAN V THAKKAR HUF BUY 1,92,000 13.50 0.25 LAGNAM PROFESSIONAL ARBITRAGE CONCEPTS PVT LTD SELL 1,92,000 13.50 0.25 ALLSEC FIRST CARLYLE VENTURES MAURITIUS SELL 6,84,103 286.49 19.59 ALLSEC SSD SECURITIES PRIVATE LIMITED BUY 6,00,005 286.17 17.17
BLOCK DEALS
SYMBOL CLIENT NAME BUY/SELL QTY
TRADE PRICE/ WGHT.AVG.PRICE – – – – –
– – – – –
CORPORATE ACTIONS BOARD MEETING RESULTS CORPORATE ACTIONS NA NA NA
BUYBACK BUYBACK DATES STOCK SYMBOL DETAILS – – –

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