MARKET CAPSULE 2nd March'24 | The Shining Metals

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Record High on Sensex, Metals outperform

This week, the metal sector has notably outperformed broader market trends, fueled by significant advancements in the semiconductor industry. A key development is the Tata Group's government-sanctioned plan to establish a cutting-edge semiconductor chip fabrication plant in Gujarat, a move that elevates India's position in the semiconductor arena and aligns with a worldwide effort to increase chip production.

Additionally, Japan's Sony Group and leading Taiwanese semiconductor companies are nearing a joint venture agreement to build a high-tech semiconductor factory in Western Japan, reflecting a global surge in semiconductor investment and underscoring its critical role in the Metal sector which forms the key element for any semi conductor setup. These events not only boost the metal sector's growth but also indicate a strategic shift towards high-tech industries, highlighting the semiconductor industry's vital role in future industrial and economic expansion.

This week, the Nifty and Sensex indices have experienced gains of approximately 1.31% and 1.60% respectively, closing at 22,378.40 and 73,806 respectively. Sectors that may continue their upward trajectory includes metals, realty and public sector enterprises in the next week.

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	Table of Contents:
1.	Heatmap
2.	Market Breadth
3.	Business Snapshot
4.	IPO Nexus ⭐
5.	Seven good-looking charts for next week ⭐
6.	Block/Bulk Deals
7.	Breaking News Flash
6.	Beyond Equity Markets

Charting the Pulse of Indices: A) Sector Wise Performance

B) Heatmap

C) Market Breadth

A) Nifty 500

Source: Stockedge

B) Nifty 50

Source: Stockedge

Note: Breadth measures the percentage of securities in NIFTY 50 / NIFTY 500 surpassing specified moving averages over the specified period. High counts or percentages are depicted in green, neutral values in yellow, and lower counts in varying shades of red. Green shades signify an upward trend, yellow denotes a neutral stance, and red shades represent a downward trend.

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CMS Info Systems Ltd. CMS Info Systems Ltd. CMS Info Systems offers specialized outsourcing services for banks, financial institutions, retail, and e-commerce in India, backed by tailored technology and process controls. Their model enables diverse cash management and managed service solutions, boosting cross-selling and operational efficiency.

Services offered:

Financial Highlights:

Future Outlook:

Recently Listed IPOs:

	Company Name	Platform	Listing Date	Issue Price	Listing Price	Current Price	Listing Gain
1.	Deem Roll-Tech Ltd.	SME	27rd Feb, 2024	₹ 45	₹ 129.00	₹ 190.60	55.04%
2.	Juniper Hotels Ltd.	Mainboard	28rd Feb, 2024	₹ 77	₹361.20	₹ 479.60	0.2%
3.	GPT Healthcare Ltd.	Mainboard	29 Feb, 2024	₹ 227	₹ 216.15	₹ 191.60	16.12%
4.	Sadhav Shipping Ltd.	SME	1th March, 2024	₹ 84	₹ 135.00	₹ 141.75	42.10%

Upcoming IPOs:

	Company Name	Platform	Open Date	Close Date	Offer Price	Issue Size (Cr.)
1.	V R Infraspace Limited	SME	4th March, 2024	6th March, 2024	₹ 85	₹ 20.40
2.	Sona Machinery Limited	SME	5th March, 2024	7th March, 2024	₹ 136-143	₹ 51.82
3.	R K SWAMY Limited	Mainboard	4th March, 2024	6th March, 2024	₹ 270-288	₹ 423.56
4.	Pune E-Stock Broking Limited	SME	7th March, 2024	12th March, 2024	₹ 78-83	₹ 38.23
5.	JG Chemicals Limited	Mainboard	5th March, 2024	7st March, 2024	₹ 210-221	₹ 251.19
6.	Gopal Snacks Limited	Mainboard	6th March, 2024	11th March, 2024	₹ 381-401	₹ 650.00

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Five top gainers of this week

	Stocks	Percentage Increase
1.	Data patterns (INDIA) Ltd.	18.37%
2.	Tata Investment Corp. Ltd.	17.92%
3.	Jamna auto Industries Ltd.	17.49%
4.	Intellect Design Arena Ltd.	15.19%
5.	Triveni Turbine	12.53%

Seven good-looking charts for next week 1. Kamdhenu Ltd.

2. Sobha Ltd.

3. Inox INDIA Ltd.

4. Dynacons Systems & Solutions Ltd.

5. Meghmani Organics Ltd.

6. Samhi Hotels Ltd.

7. JSW Infrastructure Ltd.

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Top Deals of the Week: Standouts in Trade

Acquisitions:

• K A JOSEPH purchased 9,00,000 shares of SJS Enterprises Ltd. at an average price of ₹500.

• SW CAPITAL PRIVATE LIMITED bought 12,050 Starteck Finance Ltd. shares at an average price of ₹299.7.

Disposals:

• Evergraph Holdings Pte. Ltd offloaded 9,00,000 shares of SJS Enterprises Ltd. at an average rate of ₹500.

• Sasikala Raghupathy sold 1,42,48,504 shares from BGR Energy Systems Ltd. off market at an average price of ₹79.7.
  

Business Expansions:

• Max Healthcare Institute has the capability to establish a hospital with 500 beds, encompassing a built-up area of 800,000 square feet.⭐

• Infibeam Avenues has declared an investment of USD 10 million to acquire a strategic 20% stake in XDuce, a prominent U.S.-based company specializing in enterprise application and AI development.

• Bharti Airtel Limited has expanded its retail presence in key locations, including Agartala, Hyderabad, Jalandhar, the Tricity area of Chandigarh, and Vizag.

• Wipro has declared a collaborative effort with Nokia to offer a private wireless solution aimed at aiding businesses in their digital transformation journey.

• TVS Motor Company: TVS Motor (Singapore) Pte Ltd plans to raise its shareholding in Killwatt GmbH from 39.28% to 49%.

• Venus Pipes & Tubes has declared its entry into the Fittings sector and revealed plans for capacity expansion in Seamless & Welded Pipes & Tubes, with a total capital expenditure of approximately Rs 175 crore.⭐

• Samvardhana Motherson International is expected to finalize the acquisition of a 73.05% share in Irillic Pvt Ltd by the first quarter of FY25, a delay from the previously planned completion date of February 2024.
  

Order Wins:

• Shakti Pumps has been awarded a third contract under the KUSUM-3 scheme by the Haryana Renewable Energy Department (HAREDA) for the supply of 2,443 pumps. The total value of this work order is approximately Rs 84.30 crore.

• Oriental Rail Infrastructure Ltd has successfully obtained orders valued at Rs 12.8 crore from the 'Integral Coach Factory (ICF), Chennai, a unit of Indian Railways'.

• Transformers and Rectifiers (India) Ltd has secured contracts with a combined value of Rs 232 crores from Power Grid Corporation of India Ltd.

• Skipper has secured a contract worth Rs 737 crores for the design, supply, and construction of a new 765 kV Transmission Line Project for Power Grid Corporation of India.⭐

• GE Power India has been awarded a purchase order valued at Rs 6.75 crores (plus an additional 18% GST) from Tata Power.

• Power Mech has secured a contract valued at Rs 396.25 crores for constructing an electrified fourth broad gauge railway line. This project, executed on an EPC basis, spans between Dadhapara-Belaha-Dagori and Nipania-Bhatapara-Hathbandh stations in Chhattisgarh, within the South East Central Railway network.

• HFCL has obtained Purchase Orders totaling Rs 40.36 crores for providing Optical Fiber Cables to one of the prominent Private Telecom Operators in the country.

• Salasar Techno Engineering Ltd has secured a contract worth more than Rs 200 crore from M/S ZETWERK Business Pvt Ltd.⭐
  

Bonus Share Issue & Share Price Splits :

• Capri Global Capital has announced a fixed bonus with a record date set for March 5, 2024, to be issued in a 1:1 ratio.

• Capri Global Capital Ltd. has planned a stock split to be executed on March 5, 2024, which involves reducing the face value of its shares from ₹2 to ₹1.

• Manorama Industries Ltd has planned a stock split to be executed on March 7, 2024, which involves reducing the face value of its shares from ₹10 to ₹2.
  

Agreements:

• Supreme Industries has formalized a Power Delivery Agreement (PDA) and a Security Subscription and Shareholder Agreement (SSSHA) for a 33.75 Mwp (equivalent to 25 Mw) solar power project in captive mode with 02 Renewable Energy XIV Pvt Ltd.

• Lemon Tree Hotels has entered into a License Agreement to establish the Lemon Tree Resort with 51 rooms in Sankhwas Garh, Rajasthan, and Keys Lite by Lemon Tree Hotels featuring 44 rooms in Vijayawada.

Appointments & Resignations:

• ·RITES has been officially issued a Letter of Intent for the role of Project Management Consultant (PMC) for the project titled "Infrastructure development of the permanent campus of IIT Bhubaneswar at Argul, Jatni, Khurda, Odisha." This appointment comes from IIT-Bhubaneswar.

• HUDCO's Board has sanctioned the appointment of Smt. Madhu Nagrani, General Manager (Finance), as the Chief Risk Officer of Housing and Urban Development Corporation Ltd. This initial two-year term begins on 1st March, 2024.

• Ircon International's Board has given its approval for the appointment of Shri H.D. Doddaiah as the Project Director for the Vadodara-Mumbai Expressway, and Shri Rajeev Kumar Sinha as the Executive Director for Special Works within the company.

• Aether Industries has announced the appointment of Dr. James W. Ringer as the company's Chief Technology Officer, effective from the start of business hours on March 1, 2024.

• Siemens has announced the appointment of Mr. Wolfgang Wrumnig as the Executive Director and Chief Financial Officer for a five-year term, starting from March 1, 2024.
  

Other Important News:

• Kotak Mahindra Bank has announced that Kotak Mahindra General Insurance Company Ltd (Kotak General) and Zurich Insurance Company Ltd (Zurich) have reached a mutual agreement. Under this agreement, Zurich will acquire a 70% stake in Kotak General through a combination of methods.

• HDFC Bank receives RBI approval to sell stake in HDFC Credila

• Multi Commodity Exchange collaborates with Jakarta Futures Exchange through a Memorandum of Understanding to facilitate knowledge exchange and regional growth.

• Cochin Shipyard: Prime Minister Shri Narendra Modi is set to inaugurate the first indigenously developed and constructed Hydrogen fuel cell ferry today.

• The board of Vodafone Idea has given its nod to raise approximately 450 billion via a mix of equity and debt instruments.

• Reliance Industries, Viacom 18 Media, and The Walt Disney Company have entered into binding definitive agreements to create a joint venture that will merge the operations of Viacom18 and Star India. Reliance Industries will invest Rs 11,500 crore in this joint venture.

• One97 Communications has announced that its Board of Directors has approved the termination of several inter-company agreements with its associate, Paytm Payments Bank Limited.

That's all for now! I hope you enjoyed the content. Thank You for reading, and wishing you a fantastic weekend and a profitable week ahead! Disclaimer: Any stock or company discussed above should not be considered as a Buy/Sell recommendation. We personally or our clients might or might not have a position in any of the stocks discussed. This newsletter is purely is for educational purposes only.