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Transformers and Rectifiers India Ltd. - Research Report
Stock Price rose 776.28% and outperformed its sector by 653.5% in the past year.
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Global Events
US Market Mix, Europe Positive and
Asian Markets trade with negative trend
Nikkei down 1274, Hang S. down 190, Taiwan down 636
Kospi down 80, Shanghai down 1, St.T down 15 Points
GIFT Nifty down 348 Points (21,719.50)
DOW futures down 436 Points,
NASDAQ Futures down 286 Points
Brent Crude UP 4% and near $90/bbl level
ISFAHAN situation Normal no explosions
Philadelphia Fed's Monthly business conditions
Index rose to 15.5 from 3.2 in March
US Intial Jobless claim were unchanged at a
seasonally 212000 for the week ended April 13
US home saes fell in March as higher interest rates and
house prices slidelined buyers.
All eyes on....
GBP : Retail Sales data MoM
US Market Mix
Dow Jones UP 22 (+0.06%); NASDAQ down 81 (-0.52%), S&P down 11 (-0.22%)
European Market Positive
FTSE UP 29 (+0.37) CAC UP 41 (+0.52%) DAX UP 67 (+0.38%).
Asian Markets Negative
Domestic Events
Dollar Index UP 0.09% and near 106.26
Brent Crude UP 3.74% at $90.17/bbl levels,
Rupees down 1 Paisa to close at 83.54 against US$
Sector Watch :
Oil & Gas, PSU, Metal, Defence, Multiplex, Telecom
Sector Avoid
IT, Banking, Realty, Aviation, Pharma, Auto & Cement
Indian Markets Trend--
BLACK FRIDAY
With gap down opening,
Sharp fall may seen on fifth straight session
Nifty Fifty likely to break 21800 & Sensex 71900 levels
Later on Markets likely to bounce back
With short covering & Smart Reocvery
------
Vodafone - Idea (FPO) 1st Day Subscribed 0.29x
All Eyes on....
NSE to launch derivatives on Nifty Next-50 this months
Q4FY24 Results : Wipro
INDIAN INDICES CLOSED ON 18-4-2024
| Indices | Closing | Plus/Minus |
|---|---|---|
| Sensex | 72,488.99 | -454.09 |
| Nifty 50 | 21,995.85 | -152.05 |
| Nifty Bank | 47,069.45 | -415.35 |
| Nifty Midcap 100 | 48,995.70 | -240.95 |
| Nifty Smallcap 100 | 16,286.35 | -46.45 |
| India VIX | 13.04 | 0.42 |
Daily Level : 19-4-2024
| Stocks | Sup-1 | Sup-2 | Sup-3 | Resi-1 | Resi-2 | Resi-3 |
|---|---|---|---|---|---|---|
| Nifty | 22052 | 21915 | 21756 | 22089 | 22227 | 22350 |
| Bank Nifty | 47143 | 46926 | 46656 | 47197 | 47415 | 47742 |
| JSW Steel | 841 | 834 | 826 | 848 | 855 | 862 |
| ICICI Bank | 1056 | 1040 | 1024 | 1064 | 1080 | 1096 |
| Adani Enterprise | 3025 | 2985 | 2943 | 3039 | 3078 | 3122 |
| LT | 3540 | 3482 | 3436 | 3555 | 3613 | 3660 |
Foreign Institutional Investors (FII) Activities (Rs-. in Cr.)
| Date | Day | Gross Purchase | Gross Sale | Net Purchase |
|---|---|---|---|---|
| 15-4-2024 | Monday | 10443.55 | 13711.55 | -3268.00 |
| 16-4-2024 | Tuesday | 10208.87 | 14676.96 | -4468.09 |
| 17-4-2024 | Wednesday | Holiday | -- | -- |
| 18-4-2024 | Thursday | 18231.30 | 22491.63 | -4260.33 |
Domestic Institutional Investors (DII) Activities (Rs. in Cr.)
| Date | Day | Gross Purchase | Gross Sale | Net Purchase |
|---|---|---|---|---|
| 15-4-2024 | Monday | 13578.59 | 8815.66 | 4762.93 |
| 16-4-2024 | Tuesday | 13537.42 | 11497.04 | 2040.38 |
| 17-4-2024 | Wednesday | Holiday | -- | -- |
| 18-4-2024 | Thursday | 14273.71 | 11988.19 | 2285.52 |
Most Buzzing Stocks (Buy on Dips)
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Bajaj Auto | 9021.00 | Vesuvius | 3474.00 |
| Dhanuka Agri | 1275.00 | Eimco Elecon | 2837.00 |
| ICICI Securities | 703.00 | Gokadas Exports | 807.00 |
| Tata Motors | 971.00 | Bharti Airtel | 1267.00 |
| GMR Airport | 80.00 |
Stock WatchLT (Buy on Dips)
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| LIC | 961.00 | HAL | 3677.00 |
| Cochin Shipyard | 1077.00 | Affle | 1082.00 |
| PVR INOX | 1422.00 | Linde India | 7154.00 |
Fundamental Stocks
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Concor | 924.00 | Indus Tower | 344.00 |
| Jana SFB | 450.00 | Mahindra Life | 627.00 |
Technical Stocks
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| ONGC | 274.00 | NMDC | 235.00 |
| ITC | 438.00 | Aurobindo | 1114.00 |
| Muthoot Fin. | 1655.00 |
Stock in Action
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Hind. Copper | 305.00 | RVNL | 259.00 |
| HUDCO | 193.00 | BEL | 231.00 |
Sell Stocks for Today
| Stocks | CMP | Stocks | CMP |
|---|---|---|---|
| Infosys | 1419.00 | Titan | 3526.00 |
| Oberoi | 1399.00 | Maruti | 12405.00 |
| DLF | 856.00 | Ashok Leyland | 170.00 |
| Petronet LNG | 302.00 | Axis Bank | 1024.00 |
| Orient Hotel | 134.00 | Asian Paints | 2807.00 |
| Apollo Tyres | 474.00 | HPCL | 477.00 |
Primary Markets
Main Line IPO's
|
Sr. No. |
Issue Name |
Open Date & Close Date |
Issue Size | Price |
Market Lot (Minimum Application) |
Listing | Lead Manager |
Rating (Out of 50%) & Recommendation |
|---|---|---|---|---|---|---|---|---|
| 1 |
Vodafone Idea Limited (FPO) |
18-4-2024 to 22-4-2024 |
16,36,36,36,363 Shares Rs 18000 Cr |
10 to 11 FV Rs 10 |
1298 Shares Rs 14,278 |
BSE NSE |
Axis Capital, Jeffries India, SBI Capital |
- |
| 2 | JNK India |
23-4-2024 to 25-4-2024 |
1,60,15,988 Shares Rs 649.47 Cr |
395 to 415 FV Rs 2 |
36 Shares Rs 14,940 |
BSE NSE |
IIFL Securities ICICI Securities |
-- |
NSE SME IPO's
| Issue Namek |
Open Date & Close Date |
Issue Size | Price |
Market Lot (Minimum Application) |
Listing |
Lead Manager |
Rating (Out of 50%) & Recommendation |
|---|---|---|---|---|---|---|---|
| Emmforce Autotech |
23-4-2024 to 25-4-2024 |
54,99,600 Shares Rs 53.90 Cr |
93 to 98 FV Rs 10 |
1200 Shares Rs 1,17,600 |
NSE SME |
Beeline Capital |
BSE SME IPO's
| Issue Name |
Open Date & Close Date |
Issue Size | Price |
Market Lot (Minimum Application) |
Listing |
Lead Manager |
Rating (Out of 50%) & Recommendation |
|---|---|---|---|---|---|---|---|
| Faalcon Concepts |
19-4-2024 to 23-4-2024 |
19,50,000 Shares Rs 12.09 Cr |
62 FV Rs 10 |
2000 Shares Rs 1,24,000 |
BSE SME | Navigant Corporate | |
| Varyaa Creation |
22-4-2024 to 25-4-2024 |
13,40,000 Shares Rs. 20.10 Cr |
150 FV Rs 10 |
1000 Shares Rs 1,50,000 |
BSE SME | Inventure Merchant | |
| Shivam Chemicals |
23-4-2024 to 25-4-2024 |
45,87,000 Shares Rs 20.18 Cr |
44 FV Rs 10 |
3000 Shares Rs 1,32,000 |
BSE SME | Aryman Financial |
Grey Market PremiumMain Line IPOs |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Sr. No. |
|
Min. Lot Size (Shares) |
Offer Price | Premium |
Kostak Price (Minimum Application) |
Subject to Sauda |
||
| 1 | Vodafone - Idea | FPO | 1298 | 10 to 11 | 1.20 | -- | 1,500 | |
| Small HNI | 9,000 | |||||||
| Big HNI | 25,000 | |||||||
| 2 | JNK India | Main Line IPO | 36 | 395 to 415 | ||||
Grey Market Premium SME IPOs |
||||||||
|---|---|---|---|---|---|---|---|---|
|
Sr. No. |
Min. Lot Size (Shares) |
Offer Price | Premium |
Kostak Price (Minimum Appl. |
Subject to Sauda |
|||
| 1 | Greenhitech Ventures | BSE SME | 3000 | 50 | 34 to 35 | 75,000 | ||
| 2 | Ramdevbaba Solvent | NSE SME | 1600 | 80 to 85 | 18 (Seller) | 32,000 | ||
| 3 | Grill Splendour Services | NSE SME | 1200 | 120 | 15 to 16 | 7,500 | ||
| 4 | Faalcon Concepts | BSE SME | 2000 | 62 | -- | |||
| 5 | Emmforce Autotech | NSE SME | 1200 | 93 to 98 | 38 to 40 | -- | 32,000 | |
| 6 | Varyaa Creation | BSE SME | 1000 | 150 | ||||
| 7 | Shivam Chemicals | BSE SME | 3000 | 44 | ||||
Subscription Figure of Vodafone - IDEA (FPO
|
Investor Category |
Shares Offered |
1st Day Subscribed 18-4-2024 |
2nd Day Subscribed 19-4-2024 |
3rd Day Subscribed 20-4-2024 |
|---|---|---|---|---|
| QIB | 3,27,27,27,273 | 0.67x | - | - |
| HNI | 2,45,45,45,454 | 0.31x | - | - |
| Retail | 5,72,72,72,727 | 0.07x | - | - |
| Total | 16,36,36,36,362 | 0.29x | - | - |
Subscription Figure of SME IPO's
| IPO | SME | Day | Overall Subscribed |
|---|---|---|---|
| DCG Wire and Cables | NSE SME | Issue Closed on 10-4-2024 | 16.96x |
| Teerth Gopicon | NSE SME | Issue Closed on 10-4-2024 | 75.54x |
| Greenhitech Ventures | BSE SME | Issue Closed on 16-4-2024 | 769.95x |
| Ramdevbaba Solvent | NSE SME | Issue Closed on 18-4-2024 | 126.21x |
| Grill Splendour Services | NSE SME | Issue Closed on 18-4-2024 | 8.68x |
| Faalcon Concepts | BsE SME | Issue Opens on 19-4-2024 | -- |
| Varyaa Creation | BSE SME | Issue Opens on 22-4-2024 | |
| Emmforce Autotech | NSE SME | Issue Opens on 23-4-2024 | -- |
Important Date of Current Main Line Issue
| IPOs Name | IPO |
Closes Date |
Basis of Allotment |
Refund / Unblock Amount |
Credit of Shares To Demat |
Listing Date |
|
|---|---|---|---|---|---|---|---|
| Vodafone - Idea | FPO | 22-4-24 | 23-4-24 | 24-4-24 | 24-4-24 | 25-4-24 | |
| JNK India | IPO | 25-4-24 | 26-4-24 | 29-4-24 | 29-4-24 | 30-4-24 | |
Important Date of Current SME Issues
| IPOs Name | IPO |
Closes Date |
Basis of Allotment |
Refund / Unblock Amount |
Credit of Shares To Demat |
Listing Date |
|
|---|---|---|---|---|---|---|---|
| Greenhitech Ventures | BSE SME | 16-4-24 | 18-4-24 | 19-4-24 | 19-4-24 | 22-4-24 | |
| Ramdevbaba Solvent | NSE SME | 18-4-24 | 19-4-24 | 22-4-24 | 22-4-24 | 23-4-24 | |
| Grill Splendour Services | NSE SME | 18-4-24 | 19-4-24 | 22-4-24 | 22-4-24 | 23-4-24 | |
| Faalcon Concepts | BSE SME | 23-4-24 | 24-4-24 | 25-4-24 | 25-4-24 | 26-4-24 | |
| Varyaa Creation | BSE SME | 25-4-24 | 26-4-24 | 26-4-24 | 29-4-24 | 30-4-24 | |
| Emmforce Autotech | NSE SME | 25-4-24 | 26-4-24 | 29-4-24 | 29-4-24 | 30-4-24 | |
| Shivam Chemicals | BSE SME | 25-4-24 | 26-4-24 | 29-4-24 | 29-4-24 | 30-4-24 | |
(More Detail Refer to Smart Investment English + Gujarati Edition publishing on every Sunday)
Listing Day Trading Information
| IPO | SME / Main Line |
Listing Date |
Code | Offer Price |
Listing Price |
Listing Day High |
Listing Day Low |
Listing Day Close |
|
|---|---|---|---|---|---|---|---|---|---|
| DCG Wire and Cables | NSE SME | 16-4-2024 | DCG | 100 | 90.00 | 90.00 | 85.50 | 85.50 | |
| Teerth Gopicon | NSE SME | 16-4-2024 | TGL | 111 | 125.00 | 131.25 | 123.00 | 131.25 | |
| Greenhitech Ventures | BSE SME | 22-4-2024 | 50 | ||||||
| Ramdevbaba Solvent | NSE SME | 23-4-2024 | 80 to 85 | ||||||
| Grill Splendour Services | NSE SME | 23-4-2024 | 120 | ||||||
| Vodafone - Idea | FPO | 25-4-2024 | 10 to 11 | ||||||
| Faalcon Concepts | BSE SME | 26-4-2024 | 62.00 | ||||||
| Varyaa Creation | BSE SME | 30-4-2024 | 150.00 | ||||||
| Emmforce Autotech | NSE SME | 30-4-2024 | - | 93 to 98 | - | - | |||
| JNK India | IPO | 30-4-2024 | 395 to 415 | ||||||
| Shivam Chemicals | BSE SME | 30-4-2024 | 44 | ||||||
NCDs Issue
|
Sr. No. |
Issue Name |
Open Date & Close Date |
Issue Size |
Price Face Value |
Min. Application |
Listing |
Rating | Tenor | Recommendation | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
Edelweiss Financial Services |
8-4-2024 to 23-4-2024 |
Base Issue Size : Rs 100 Cr Overall Issue Size : Rs 100 Cr |
1000 FV Rs 1000 |
10 NCDs Rs 10,000 |
BSE | CRISIL A+/Stable |
24, 36, 60 and 120 Months |
Apply for Mid to Long Term |
|
| 2 | Kosamattam Finance |
8-4-2024 to 23-4-2024 |
Base Issue Size : Rs 125 Cr Overall Issue Size : Rs 250 Cr |
1000 FV Rs 1000 |
10 NCDs Rs 10,000 |
BSE |
A-Stable by Indian Rating |
18, 24, 30, 36, 39, 48, 54 and 88 Months |
Apply for Mid Term |
|
| 3 | Muthoot Fincorp |
10-4-2024 to 25-4-2024 |
Base Issue Size : Rs 125 Cr Overall Issue Size : Rs 260 Cr |
1000 FV Rs 1000 |
10 NCDs Rs 10,000 |
BSE | CRISIL AA-/Stable |
26, 38, 60, 72 and 94 Months |
May Apply (Risky) |
|
| 4 |
Motilal Oswal Financial Services |
23-4-2024 to 7-5-2024 |
Base Issue Rs. 500 Cr Overall Size : Rs 1000 Cr |
1000 FV Rs 1000 |
10 NCDs Rs 10,000 |
BSE NSE |
CRISIL AA/Stable | 24,36,60 and 120 Months | -- | |
Subscription figure of ICL Fincorp NCDs Issue
(Issue Closed on 12-4-2024)
| Category |
No. of Bonds Offered/ Reserved |
No. of Times Subscribed 12-4-2024 |
| Institutional | 7,500 | 0.00x |
| Non Institutional | 7,500 | 0.67x |
| HNI | 2,25,000 | 0.96x |
| Retail | 5,10,000 | 1.30x |
| Total | 7,50,000 | 1.18x |
Subscription figure of Edelweiss Finance NCDs Issue
| Category |
No. of Bonds Offered/ Reserved |
No. of Times Subscribed 18-4-2024 |
| Institutional | 1,00,000 | 0.00x |
| Non Institutional | 1,00,000 | 0.95x |
| HNI | 4,00,000 | 0.67x |
| Retail | 4,00,000 | 2.00x |
| Total | 10,00,000 | 1.17x |
Subscription figure of Kosamattam Finance NCDs Issue
| Category |
No. of Bonds Offered/ Reserved |
No. of Times Subscribed 18-4-2024 |
| Institutional | 1,25,000 | 0.00x |
| Non Institutional | 1,25,000 | 0.01x |
| HNI | 3,75,000 | 0.80x |
| Retail | 6,25,000 | 2.34x |
| Total | 12,50,000 | 1.41x |
Subscription figure of Muthoot Fincorp. NCDs Issue
| Category |
No. of Bonds Offered/ Reserved |
No. of Times Subscribed 18-4-2024 |
| Institutional | 50,000 | 0.00x |
| Non Institutional | 3,50,000 | 1.65x |
| Retail | 6,00,000 | 3.15x |
| Total | 10,00,000 | 2.47x |
Rights Issue
| Sr. No. | Issue Name |
Open Date & Close Date |
Issue Size | Price |
Entitlement |
Terms of Payment | Recommendation | |
|---|---|---|---|---|---|---|---|---|
| 1 | Jyoti Structure |
28-3-2024 to 29-4-2024 |
11,66,66,666 Shares Rs 175 Cr |
15 FV Rs 2 |
6 Rights shares for every 37 Eq. shares held on Record date : 21-3-2024 |
Full amount payable at the time of Application |
Avoid | |
| 2 | Spectrum Foods |
8-4-2024 to 22-4-2024 |
1,93,93,544 Shares Rs 38.79 Cr |
20 FV Rs 10 |
4 Rights shares for every 1 Eq. shares held on Record date : 27-3-2024 |
-- | Apply for Long Term | |
| 3 | Shiva Cement |
22-4-2024 to 6-5-2024 |
10,00,00,000 Shares Rs 400 Cr |
40 FV Rs 2 |
20 Rights shares for every 39 Eq. shares held on Record date : 3-4-2024 |
Full amount payable at the time of Application |
||
| 4 | Sakuma Exports |
25-4-2024 to 13-5-2024 |
7,89,84,298 Shares Rs 199.83 Cr |
25.30 FV Rs 1 |
33 Rights shares for every 98 Eq. shares held on Record date : 15-4-2024 |
Full amount payable at the time of Application |
||
| 5 | Ajooni BIotech |
15-5-2024 to 24-5-2024 |
8,00,00,000 Shares Rs 40 Cr |
5 FV Rs 2 |
1 Rights shares for every 1 Eq. shares held on Record date : 2-5-2024 |
Full amount payable at the time of Application |
||
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