Snowman Logistics:

Gateway Distriparks acquired additional 14 lakh shares in the logistics company via open market transactions at an average price of Rs 43.32 per share. In the previous session too, Gateway Distriparks bought additional 11 lakh shares or 0.65 percent stake in Snowman Logistics. United Drilling Tools: Ace investor Ashish Kacholia sold 1.58 lakh equity shares or 0.78 percent stake in the oilfield equipment manufacturer via open market transactions at an average price of Rs 190.49 per share. Kacholia held 5.7 lakh shares or a 2.81 percent stake in the company as of March 2023. JHS Svendgaard Laboratories: Nikhil Vora and his wife Chaitali sold a 1.19 percent stake in the oral care products manufacturer via open market transactions. Nikhil has offloaded 3.91 lakh shares at an average price of Rs 19.21 per share, while Chaitali N Vora sold 3.83 lakh shares at an average price of Rs 18.2 per share.

Dividend Dates

Ex-Dividend *09 June 2023 (Tomorrow)* Last date for Cum-Dividend *Today* *Asian Paints Ltd.* Dividend Per Share Rs.21.25 Previous day Closing Price – Rs. 3223.85 *Bhansali Engineering Polymers Ltd.* Special Dividend Per Share Rs.14 Final Dividend Per Share Rs.1 Previous day Closing Price – Rs. 160.7 *Caplin Point Laboratories Ltd.* Dividend Per Share Rs.2 Previous day Closing Price – Rs. 777.55 *Cigniti Technologies Ltd.* Special Dividend Per Share Rs.2.5 Final Dividend Per Share Rs.3.0 Previous day Closing Price – Rs. 907.6 *Dynamatic Technologies Ltd.* Dividend Per Share Rs.7 Previous day Closing Price – Rs. 3374.1 *Elecon Engineering Co.Ltd.* Dividend Per Share Rs.2 Previous day Closing Price – Rs. 561.65 *Elpro International Ltd.* Dividend Per Share Rs.0.23 Previous day Closing Price – Rs. 60.74 *HDFC Asset Management Company Ltd* Dividend Per Share Rs.48 Previous day Closing Price – Rs. 1994.8 *Himadri Speciality Chemical Ltd* Dividend Per Share Rs.0.25 Previous day Closing Price – Rs. 131.6 *Indian Hotels Co.Ltd.* Dividend Per Share Rs.1 Previous day Closing Price – Rs. 395.9 *National Fertilizers Ltd.* Dividend Per Share Rs.1.53 Previous day Closing Price – Rs. 71.8 *NRB Bearings Ltd.* Dividend Per Share Rs.4.1 Previous day Closing Price – Rs. 195.8 *Solar Industries India Ltd.* Dividend Per Share Rs.8 Previous day Closing Price – Rs. 3887.3 *Maruti Interior Products Ltd* Dividend Per Share Rs.0.5 Previous day Closing Price – Rs. 149 *Voltas Ltd.* Dividend Per Share Rs.4.25 Previous day Closing Price – Rs. 805.65

India Daybook – Stocks in News

*Zydus Life:* Company gets USFDA approval for Tadalafil tablets (Positive) *Nelco:* Company invests in Piscis Networks to bolster its portfolio of Satellite Communication Solutions (Positive) *Lemon Tree Hotels:* Company signs licence agmt for a 60-room property in Rajamundry, Andhra Pradesh (Positive) *Tata Elxsi:* Company launches InnovationHub & nearshore engineering centre in Troy, Michigan (Positive) *Hatsun Agro:* Company to consider sale of its windmill division (Positive) *Wipro:* Company & Cisco launches managed private 5G-as-a-Service solution (Positive) *Allcargo Logistics:* Company’s arm Transindia Real Estate, to sell Jhajjar logistics park (Positive) *Mazagon:* Thyssenkrupp, Mazagon intend to build submarine in India (Positive) *Jindal Poly:* Company has entered into an agreement to acquire 100 percent shareholding in Netherlands-based firm JPF Netherlands Investment BV (Positive) *Tech Mahindra:* Life Insurance Corporation of India has increased its stake in the IT services provider by 2.015 percent (Positive) *Snowman Logistics:* Promoter Gateway Distriparks has acquired additional 11 lakh shares or 0.65 percent stake (Positive) *Hero MotoCorp:* The company is gearing up to expand its electric two-wheeler range while upgrading its existing sales infrastructure (Positive) *Titagarh Rail:* Board to consider raising funds via QIP/Rights Issue on June 10 (Positive) *TCS:* Clocks its second lowest employee addition ever in FY23 (Neutral) *Punjab & Sind Bank:* Board to consider raising upto Rs 750 cr via Bonds (Neutral) *Sula Vineyards:* The wine producer has identified a new chief financial officer, who will come on board in August. (Neutral) *Deepak Fertilisers:* Foreign portfolio investor Smallcap World Fund Inc has sold 23.54 lakh equity shares or 1.86 percent stake (Negative) *D-Link:* Ace investor Ashish Kacholia has sold 1.94 lakh shares or 0.54 percent stake (Negative)

India Daybook – Stocks in News

*Star Health:* Company’s May premium collections remained higher by 16 percent YoY (Positive) *ICICI Lombard:* Company’s May premium collections remained higher by 21 percent YoY (Positive) *GMR:* GMR Group divests 8,18,000 sq. ft. warehouse facility at Hyderabad Airport to ILP Core Ventures I PTE for Rs 188 cr (Positive) *NHPC:* Company signs MoU with Maharashtra Government to establish Energy Storage Systems with a capacity of 7,350 MW (Positive) *Torrent Power:* The company has signed a MoU with the Government of Maharashtra for the development of three pumped storage hydro projects of 5,700 MW (Positive) *Wipro:* Company launched the Wipro Industry Innovation Experience for Financial Services solution on Microsoft Cloud (Positive) *Engineers India:* NALCO has selected the company for providing consultancy services for the updation of a detailed project report (Positive) *G R Infraprojects:* Subsidiary GR Hasapur Badadal Highway has executed the concession agreement with the National Highways Authority of India (Positive) *IFB Industries:* Societe Generale has bought 3 lakh shares (Positive) *RCF:* The arbitrator award on gas turbo generator breakdown at the plant was given in the company's favour (Positive) *Sonata Software:* Company has announced a strategic partnership with SAP Commerce to drive digital innovation (Positive) *Mazagon Dock:* Germany and India are closing in on a deal to build diesel submarines (Positive) *HAL:* GE-HAL deal on jet engines done, 600 India MSMEs to benefit (Positive) *JSW Ispat:* Kiran Menon has resigned as the Chief Financial Officer (CFO) of the (Neutral) *Deepak Fertilizer:* Subsidiary Performance Chemiserve has raised Rs 900 crore via the issuance of non-convertible debentures (Neutral) *Gravita India:* Promoter Rajat Agrawal has sold 13 lakh equity shares or 1.88 percent shareholding. (Neutral) *NDTV:* Company will move out of short-term additional surveillance framework from today (Neutral) *Tata Power:* Company's stock will trade ex-dividend. Dividend Rs 2/Sh (Neutral) *Adani Power:* BSE changes the daily limit to 20% from 5% (Neutral) *Adani Green:* BSE changes the daily limit to 10% from 5% (Neutral) *Adani Trans:* BSE changes the daily limit to 10% from 5% (Neutral) *Adani Wilmar:* BSE changes the daily limit to 10% from 5% (Neutral) *Bank of Maharashtra:* Raises Rs 1,000 crore via QIP, LIC gets biggest allocation (Neutral) *NIACL:* Company’s May premium collections remained higher by 10 percent YoY (Neutral)

Gokaldas Exports

In a media interaction, the management of Gokaldas Exports said it could take a couple of quarters before which demand should start seeing an uptrend. However, the longer term prospects are quite strong with multiple factors indicating that India could gain significant market share in the global apparel trade The longer-term prospects for the apparel industry continue to be very strong. The movement away from China, particularly for US buyers is strong. The data indicates that share of imports from China into the US has continuously and consistently come down and the same trajectory is continuing. Most major global brands are looking at alternate sourcing and India appears to be on their radar. Further, India has a great opportunity as the Government of India is working on signing FTAs with trade partners, which can aid to increase demand of apparel sourced from India. Gokaldas Exports has added two large global clients, one from the US and another from the UK. These customers will probably ramp up through FY24 but a significant revenue contribution can come in FY25. As demand improves, margins could also show positive momentum leading to improved profitability

Sugar Industry

News: Indian Oil and two domestic engine makers are actively working on 5% ethanol blending in diesel. Ethanol blending in diesel is important as it is the most used fuel in the transportation sector across the country The 5% ethanol blending in diesel would create additional 750 crore litre of ethanol demand. This would result in further capacity expansion by sugar companies either in molasses-based distillery or grain-based distillery. Ethanol capacity addition is positive for long term growth prospects

Cement sector

Reliance pet coke prices (ex Jamnagar) have further declined by | 1409/t (MoM) to | 13230/t for June 2023 (down 34% YoY). The decline is in line with recent global pet coke prices (~135-140 US $/t) On an average, fuel cost per Kcal in Q4FY23 declined from Rs. 2.5 to Rs. 2.3 Kcal (QoQ). We expect costs to further soften to Rs. 1.9-2/Kcal in H2FY24. We expect cost tailwinds of Rs. 200-250/t over the next two quarters (provided the spot prices sustain at the current level)