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RBI Set To Approve Takeover Of PMC Bank By BharatPe-Centrum Consortium — BQ Exclusive
Eveready Indus reported net loss for the fourth quarter of Rs 443 crore vs. profit Rs 63 crore YoY.
Revenue Rs 273 crore, +22% YoY
Total costs Rs 250 crore, +14% YoY
Q4 Includes Rs 630 crore one-time loss
Q4 tax gain Rs 195 crore
Dodla Dairy IPO: All You Need To Know
Power Grid options volume 2.4x the 20-day average, with 19,992 calls changing hands vs 6,232 puts
Stock down 3.2%, volume 1.5x the 20-day average for this time of day
Bajaj Auto options volume 2.4x the average, with 13,906 calls vs 2,501 puts
Stock up 1.6%, volume 0.9x the average
Hindustan Unilever options volume 2x the average, with 34,993 calls vs 13,023 puts
Stock up 1.6%, volume 1.2x the average
NTPC options volume 1.7x the average, with 21,467 calls vs 5,173 puts
Stock down 2.8%, volume 0.9x the average
Tata Consultancy options volume 1.6x the average, with 51,804 calls vs 17,842 puts
Stock up 0.1%, volume 0.8x the average
Coal India options volume 1.6x the average, with 25,077 calls vs 7,599 puts
Stock down 3.5%, volume 0.8x the average
To read what the broking firm had to say, click here.
Indian sovereign bonds trade mixed ahead of a Rs 32,000 crore ($4.3b) debt sale and the minutes of the RBI’s June meeting later Friday. The rupee is headed for its worst week since April.
5.63% 2026 bond yield drops 2bps to 5.64%; 10-year yield up 1bp to 6.02%
USD/INR rose 0.2% to 74.2550; up 1.5% this week, headed for its biggest gain since the week ended April 9
Traders will await minutes of RBI’s June meeting where the central bank kept rates steady and vowed to continue with its accommodative stance to revive growth; after that data showed retail inflation rising by the most in six months
Some Commodities Have Now Wiped Out All of Their 2021 Rally
A block of 9.79 million shares in Reliance Power Ltd., equivalent to 0.4% of float, traded at a market value of Rs 15.52 crore.
The price was Rs 15.85 per share, a discount of 2.2% from the open; Reliance Power rose 4.6% today and is up 365% this year
The block represents 11% of the 20-day average volume
Total trading reached 43.6 million shares, compared with the 20-day average of 54.8 million for this time of day; Bloomberg model estimates volume will reach 76.7 million by end of day
To read more on what CLSA had to say, click here
Indian Billionaire Loses More Money This Week Than Anyone Else in the World
SBI Cards & Payment Services Ltd. fell as much as 6.5%, most intraday since April 12, after 50.9 million shares changed hands in six large trades, according to data compiled by Bloomberg.
Stock insight
Extends fall to second day; trading volume 17x three-month full-day average
Worst performer on NSE Nifty Next 50, S&P BSE 200 indexes
Most traded Indian stock by value, volume
Buyers, sellers not immediately known
Analysts have 16 buy, no hold, and no sell recommendations on the stock.
The price target of Rs 1,134.80 represents a 14% increase from the last price
Note: SBI Cards and Payment Services shareholder CA Rover Holdings was offering up to 48 million shares at a price range of Rs 1,002-1,041.30 in an accelerated bookbuild, according to terms seen by Bloomberg.
India’s stocks have risen to records during the week, with the Sensex gaining about 9% this year compared with a 3.9% advance for the MSCI AC Asia Pacific Index. Foreign buying has buoyed the nation’s gauges, along with an extended period of low interest rates in the U.S. diverting inflows into riskier emerging markets like India.
Rupee Slides To 74/$ On Strong Dollar, Higher Oil Prices
India Pesticides Ltd., a Lucknow-based maker of herbicides, insecticides and fungicide, plans to raise Rs 100 crore rupees selling new shares, according to an advertisement in the Financial Express newspaper Friday.
IPO includes offer-for-sale of shares worth Rs 419 crore by existing shareholders and Rs 281 crore of shares by founder Anand Swarup Agarwal
Investors can bid for minimum 50 shares of face value Re 1 each in the sale, which opens June 23 and closes June 25
Axis Capital and JM Financial are managing the sale
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