Pharma stock announces 1930% special dividend. 5 things you should know

  Dividend paying stock: Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday  respectively.

 Dividend paying stock:The board of directors of pharma company Sanofi India has recommended special dividend of ₹193 against face value of ₹10 per equity share (1930 per cent) for the financial year ending 31st December 2022. The company board announced the decision after its scheduled board meeting held on 26th July 2022. the board also fixed 8th August 2022 as record date for one time special dividend payment.

Sanofi India informed Indian bourses about the special dividend payment citing, "The Board of Directors of the Company at its Meeting held today has declared One-Time Special Interim Dividend of Rs. 193 per equity share of Rs. 10 each for the financial year ending 31st December 2022. The Meeting of Board of Directors commenced at 2.00 p.m. and concluded at 5.10 p.m. As informed earlier the Company has fixed 8th August 2022 as the record date for the purpose of payment of the One-Time Special Interim Dividend. The said dividend will be paid on or after 22nd August 2022."

Here we list out 5 things that Sanofi India shareholders should know:

1] Special one time dividend:The company board has announced one time special dividend of ₹193 per equity share.

2] Sanofi India dividend record date:The record date for one time special dividend payment has been fixed on 8th August 2022.

3] Sanofi India dividend ex- date:Sanofi India will trade ex-dividend on 5th August 2022 as 6th and 7th August are Saturday and Sunday respectively.

4] Dividend payment:  The said dividend will be paid on or after 22nd August 2022.

5] Dividend yield: Earlier on 12th April 2022, Sanofi India shares had trade ex-dividend for payment of ₹181 per equity share final dividend and ₹309 per share for special dividend, net dividend announced by the company in the year 2022 is ₹683( ₹193 + ₹309 + ₹109). Sanofi India share price today is ₹6,600 per share, this means current dividend yield of the stock in 2022 is whopping 10.35 per cent [( ₹683 / 6600) / 6600].

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Gold prices today fall to near 1-year lows. In India, rates dip below ₹50,000

 Gold prices today: Global rates today fell to $1,691 per ounce, the lowest since August 21

In India, the fall in gold rates has been less steep due to the recent import duty hike on the yellow metal.

In global markets, gold rates today fell to lowest in nearly a year, buffeted by an elevated Us    dollar.Prospects of more interest rate hikes by major central banks also weighed on bullion's appeal. Spot gold today fell to $1,691.40, the lowest since August 2021. A stronger US dollar makes greenback-priced bullion more expensive for buyers holding other currencies.

In India, the fall has been less steep due to the recent import duty hike on the yellow metal. MCX gold futures were down 0.5% to ₹49,958 per 10 gram, the lowest since February, while silver fell 0.88% to ₹55130 per kg. India imports most of its gold requirement. Besides global rates and rupee-dollar movement, domestic prices also track change in different levies like import duty and GST.

“COMEX gold trades near Aug.2021 lows weighed down by pause in US dollar ahead of ECB decision today. Also weighing on price is stability in equity markets, concerns about consumer demand in India and China and continuing ETF outflows. Gold stalled near $1700/oz level for last few days despite weakness in US dollar which showed lack of confidence that US currency may weaken significantly. Gold may remain under pressure unless we see renewed selling pressure in US dollar post ECB decision. ECB is largely expected to raise interest rate by 0.25% however there is some expectations of a bigger move as well," said Ravindra Rao, VP- Head Commodity Research at Kotak Securities.

Commodity traders will be focused on the European Central Bank policy outcome today. The ECB is expected to raise interest rates for the first time in 11 years. Next week, the policymakers of US Federal Reserve will meet to decide on interest rate. The Fed is widely expected to raise interest rates by 75 basis points at its policy meeting next week to combat inflation.

Although gold is seen as a hedge against inflation, rising interest rates increase the opportunity cost of holding bullion, which pays no interest.

Despite the price dip, ETFs continued to see outflows. The holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, fell 0.3% to 1,005.87 tonnes on Wednesday from 1,009.06 tonnes on Tuesday.

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सेंसेक्स 308 पॉइंट की बढ़त के साथ 54069 पर खुला, निफ्टी 16150 के पार; IT शेयर्स में तेजी

 हफ्ते के पहले कारोबारी दिन सोमवार भारतीय शेयर मार्केट के निफ्टी और सेंसेक्स बढ़त के साथ खुले। सेंसेक्स 308.52 की बढ़त के साथ 54069 पर और निफ्टी 102 पॉइंट की बढ़त के साथ 16151 पर खुला। निफ्टी बैंक और मिडकैप 100 में भी बढ़त देखने को मिल रही है। निफ्टी पर इंफोसिस, हिंडाल्को इंडस्ट्रीज, एलएंडटी, टेक महिंद्रा और बजाज फिनसर्व टॉप गेनर्स रहे, जबकि HDFC, HDFC बैंक, एमएंडएम और ब्रिटानिया इंडस्ट्रीज टॉप लूजर्स रहे।निफ्टी IT और मेटल में 1% से ज्यादा की बढ़त है। वहीं बैंक, FMCG और रियल्टी में 0.50% तक की बढ़त है!!!

सेंसेक्स 30 में 27 में बढ़त।

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HDFC Bank moves up on planning to raise funds

HDFC Bank is currently trading at Rs. 1407.30, up by 7.00 points or 0.50% from its previous closing of Rs. 1400.30 on the BSE.

The scrip opened at Rs. 1401.00 and has touched a high and low of Rs. 1421.00 and Rs. 1392.55 respectively. So far 92233 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1650.00 on 24-Feb-2021 and a 52 week low of Rs. 826.00 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 1460.60 and Rs. 1353.10 respectively. The current market cap of the company is Rs. 775564.96 crore.

The promoters holding in the company stood at 25.97%, while Institutions and Non-Institutions held 61.02% and 13.01% respectively.

HDFC Bank is planning to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of Rs 50,000 crore over the period of the next twelve months through private placement mode. The Board of Directors would consider this proposal at its ensuing Board meeting to be held on April 17, 2021.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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Vodafone Idea surges after its enterprise arm launches Integrated IoT solutions

Vodafone Idea is currently trading at Rs. 9.48, up by 0.05 points or 0.53% from its previous closing of Rs. 9.43 on the BSE.

The scrip opened at Rs. 9.43 and has touched a high and low of Rs. 9.67 and Rs. 9.38 respectively. So far 17034149 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.80 on 15-Jan-2021 and a 52 week low of Rs. 3.21 on 09-Apr-2020.

Last one week high and low of the scrip stood at Rs. 9.98 and Rs. 9.26 respectively. The current market cap of the company is Rs. 27183.68 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 7.47% and 20.48% respectively.

Vodafone Idea’s enterprise arm -- Vi Business, has further strengthened its IoT portfolio with the launch of Integrated IoT solutions for enterprises. With this industry first initiative, the company has become the only telecom company in India to offer a secure end-to-end IoT solution offering that comprises connectivity, hardware, network, application, analytics, security and support. The offering is designed to simplify and accelerate the digital transformation journey for enterprises.

With the pandemic induced digital disruption, businesses are increasingly transforming to digital means, opting for Internet of Things (IoT) to bridge the need gap, adapt to market dynamics, and the evolving consumer needs. Vi IoT is transforming the way businesses operate by reinventing processes, operations, customer experience and developing newer business models and revenue opportunities.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

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M&M rides high after its step-down arm incorporates wholly owned Subsidiary

Mahindra & Mahindra is currently trading at Rs. 791.40, up by 10.20 points or 1.31% from its previous closing of Rs. 781.20 on the BSE.

The scrip opened at Rs. 785.00 and has touched a high and low of Rs. 791.75 and Rs. 776.95 respectively. So far 49864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 952.15 on 08-Feb-2021 and a 52 week low of Rs. 291.05 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 809.60 and Rs. 769.70 respectively. The current market cap of the company is Rs. 98131.40 crore.

The promoters holding in the company stood at 19.44%, while Institutions and Non-Institutions held 66.14% and 14.17% respectively.

Mahindra & Mahindra’s (M&M) step down subsidiary -- Mahindra Susten (MSPL) has incorporated a wholly owned Subsidiary namely ‘Mahindra Solarize’ on April 06, 2021. MSPL has incorporated Mahindra Solarize to mainly undertake business for Distributed Energy including rooftop solar installation for commercial, industrial, institutional and residential segment, solar water pump and other Renewable Energy industry based products including Engineering Procurement & Construction (EPC). Mahindra Susten is a wholly owned subsidiary of Mahindra Holdings, which is a wholly owned subsidiary of M&M.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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IDFC First Bank zooms on raising Rs 3,000 crore

IDFC First Bank is currently trading at Rs. 56.70, up by 1.40 points or 2.53% from its previous closing of Rs. 55.30 on the BSE.

The scrip opened at Rs. 55.30 and has touched a high and low of Rs. 56.95 and Rs. 55.05 respectively. So far 1242051 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.30 on 04-Mar-2021 and a 52 week low of Rs. 18.50 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 57.80 and Rs. 53.75 respectively. The current market cap of the company is Rs. 35179.06 crore.

The promoters holding in the company stood at 40.00%, while Institutions and Non-Institutions held 27.51% and 32.49% respectively.

IDFC First Bank’s Capital Raising Committee has approved the issue and allotment of 52,31,03,660 Equity Shares of face value of Rs 10 each to qualified institutional buyers at an issue price of Rs 57.35 per Equity Share (including a premium of Rs 47.35 per Equity Share), aggregating to Rs 3,000 crore pursuant to the Issue.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Bank stands increased to Rs 6198,95,35,150 consisting of 619,89,53,515 Equity Shares. The Capital Raising Committee at its meeting held on April 06, 2021, has approved the issue and allotment of the same.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

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RBL Bank jumps on logging 26% growth in deposits during Q4FY21

RBL Bank is currently trading at Rs. 209.70, up by 3.35 points or 1.62% from its previous closing of Rs. 206.35 on the BSE.

The scrip opened at Rs. 210.00 and has touched a high and low of Rs. 213.30 and Rs. 206.70 respectively. So far 686967 shares were traded on the counter

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.00 on 08-Jan-2021 and a 52 week low of Rs. 101.60 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 217.10 and Rs. 203.10 respectively. The current market cap of the company is Rs. 12528.53 crore.

The Institutions and Non-Institutions holding in the company stood at 59.84% and 40.16% respectively.

RBL Bank has recorded Gross Advances (provisional) of Rs 60,012 crore in the fourth quarter ending March 2021 (Q4FY21) period, registering a 2% rise from advances of Rs 58,966 crore in the corresponding period of the previous year. The bank witnessed total deposits (provisional) of Rs 73,123 crore in Q4FY21 rising by 26% from Rs 57,812 crore a year ago same period. The bank's CASA stood at Rs 23,264 crore in Q4FY21 increasing by 36% Year on Year (YoY). While the CASA ratio was at 31.8% in Q4FY21 versus 29.6% in Q4FY20.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.

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Entertainment stocks tumble as Maharashtra govt shuts cinema halls

Entertainment stocks were trading lower as Maharashtra government ordered shutting down cinema halls, theatres and multiplexes for public access until further notice to bring the spread of Covid-19 under control. 

PVR is currently trading at Rs. 1138.45, down by 98.35 points or 7.95% from its previous closing of Rs. 1236.80 on the BSE. The scrip opened at Rs. 1179.00 and has touched a high and low of Rs. 1195.50 and Rs. 1138.40 respectively. So far 82714 shares were traded on the counter.

Inox Leisure is currently trading at Rs. 263.25, down by 15.80 points or 5.66% from its previous closing of Rs. 279.05 on the BSE. The scrip opened at Rs. 256.60 and has touched a high and low of Rs. 270.65 and Rs. 256.60 respectively. So far 92097 shares were traded on the counter.

Zee Entertainment Enterprises is currently trading at Rs. 198.60, down by 10.60 points or 5.07% from its previous closing of Rs. 209.20 on the BSE. The scrip opened at Rs. 209.40 and has touched a high and low of Rs. 209.40 and Rs. 195.70 respectively. So far 328453 shares were traded on the counter.

The Maharashtra government on Sunday decided to impose a complete lockdown on weekends and a night curfew in the state to control the spread of the novel coronavirus. The curbs will come into effect from Monday night. They were announced as Mumbai recorded over 11,000 Covid cases. The state posted over 57,000 cases on Sunday -- the highest so far.

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IRCTC declines after suspending services of Ahmedabad Mumbai-Ahmedabad Tejas Express

Indian Railway Catering & Tourism Corporation is currently trading at Rs. 1685.00, down by 66.95 points or 3.82% from its previous closing of Rs. 1751.95 on the BSE.

The scrip opened at Rs. 1727.00 and has touched a high and low of Rs. 1734.50 and Rs. 1677.55 respectively. So far 138083 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2072.95 on 09-Mar-2021 and a 52 week low of Rs. 1083.05 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1778.85 and Rs. 1677.55 respectively. The current market cap of the company is Rs. 27136.80 crore.

The promoters holding in the company stood at 67.40%, while Institutions and Non-Institutions held 16.05% and 16.55% respectively.

The Indian Railway Catering and Tourism Corporation (IRCTC) has temporarily suspended services of Ahmedabad Mumbai-Ahmedabad Tejas Express for a period of one month with effect from April 02, 2021. The situation will be monitored continuously and decision to operate the train will be taken accordingly. Due to rising of corona cases in Maharashtra and Gujarat, the company has temporarily suspended services.

IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India.

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Vedanta rises as its arm to set up copper smelter plant in India

Vedanta is currently trading at Rs. 230.50, up by 1.85 points or 0.81% from its previous closing of Rs. 228.65 on the BSE.

The scrip opened at Rs. 229.90 and has touched a high and low of Rs. 231.05 and Rs. 228.75 respectively. So far 2685247 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 231.05 on 01-Apr-2021 and a 52 week low of Rs. 62.40 on 01-Apr-2020.

Last one week high and low of the scrip stood at Rs. 231.05 and Rs. 221.75 respectively. The current market cap of the company is Rs. 85551.23 crore.

The promoters holding in the company stood at 55.11%, while Institutions and Non-Institutions held 29.26% and 11.41% respectively.

Vedanta’s subsidiary -- Vedanta Resources has called for Expression of Interest (EoI) from state governments for the 500 KTPA (Kilo Tonnes Per Annum) coastal copper smelter plant. The copper smelter of 500 KTPA will require footprint of around 1,000 acres in proximity to port along with logistics connectivity with conveyor/corridor of rail and road to handle 5 mtpa material movement on both in-bound and out-bound side.

As per the EoI document issued, the project has an investment potential of about Rs 10,000 crore that will provide direct and indirect employment to 10,000 people and will contribute around Rs 3,000 crore to the exchequer annually.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

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Adani Enterprises spurts on incorporating wholly-owned subsidiary

Adani Enterprises is currently trading at Rs. 1052.60, up by 21.75 points or 2.11% from its previous closing of Rs. 1030.85 on the BSE.

The scrip opened at Rs. 1044.00 and has touched a high and low of Rs. 1054.00 and Rs. 1034.95 respectively. So far 75128 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1093.00 on 24-Mar-2021 and a 52 week low of Rs. 127.40 on 06-May-2020.

Last one week high and low of the scrip stood at Rs. 1054.00 and Rs. 979.00 respectively. The current market cap of the company is Rs. 114479.23 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.50% and 3.59% respectively.

Adani Enterprises has incorporated a wholly-owned subsidiary namely, Vizag Tech Park (VTPL) on March 30, 2021. VTPL is incorporated with the object to develop and establish an Integrated Data Center Park and Technology/ Business park. 

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

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Shriram Transport Finance trades higher on planning to raise funds

Shriram Transport Finance Company is currently trading at Rs. 1436.40, up by 8.00 points or 0.56% from its previous closing of Rs. 1428.40 on the BSE.

The scrip opened at Rs. 1432.00 and has touched a high and low of Rs. 1441.85 and Rs. 1417.25 respectively. So far 38982 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.90 on 15-Feb-2021 and a 52 week low of Rs. 487.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1471.00 and Rs. 1349.10 respectively. The current market cap of the company is Rs. 36237.14 crore.

The promoters holding in the company stood at 26.48%, while Institutions and Non-Institutions held 67.16% and 6.36% respectively.

Shriram Transport Finance Company (STFC) is planning to raise funds by way of issue of redeemable non-convertible debt securities in onshore/offshore market by private placement basis and/or public issue subject to market conditions. In this regard, the meeting(s) of the concerned committees viz. the Banking and Finance Committee, Debt Issuance Committee, Bond Issuance Committee, Allotment Committee- NCDs will be held to consider and approve the issue and allotment of redeemable non-convertible debt securities during the month ending April 30, 2021.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

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Minda Industries surges on getting nod to set up world class lighting manufacturing plant at Gujarat

Minda Industries is currently trading at Rs. 553.50, up by 11.85 points or 2.19% from its previous closing of Rs. 541.65 on the BSE.

The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 563.60 and Rs. 546.50 respectively. So far 2350 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 612.35 on 11-Feb-2021 and a 52 week low of Rs. 218.90 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 591.80 and Rs. 517.00 respectively. The current market cap of the company is Rs. 14896.25 crore.

The promoters holding in the company stood at 70.88%, while Institutions and Non-Institutions held 19.84% and 9.27% respectively.

Minda Industries’ board has approved setting up world class lighting manufacturing plant at Bhagapura, Gujarat to cater to increased demand for 4W automotive Lighting. The business has existing manufacturing facilities at Pune, Chennai and Manesar. The new plant will be in vicinity of key OEM’s hence will also achieve better logistic management. The plant will have state of art manufacturing facilities with unidirectional flow of material, robotic automation for unloading, motorized conveyor system which will result in better operational efficiencies.

The company had augmented its technical capabilities with acquisition of Delvis last year. The company also plans to tap potential export business in Europe and America in future from this plant. Total capital expenditure for this new facility in Gujarat is Rs 90 crore which will be funded through mix of debt and internal accruals. The plant is expected to commence operations by quarter ending March 2022 and will stabilize in subsequent couple of quarters.

Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.

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