Buzzing Stocks… with EZ Wealth – September 8, 2021

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Buzzing stocks… with EZ Wealth

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  • Ceat: Company said it started a revamp of its retail sales network; it would start with 10 new design stores in metro cities and plans to launch 50 new stores in FY22

  • Cipla: The pharma company has requested permission for a price hike on respiratory drugs from the government owing to a rise in input cost of a key component

  • DrReddy Laboratories: Pharma major has initiated supply of first dose component of the Sputnik V vaccine to partner hospitals all over the country

  • EID-Parry (India): Company has decided to set up 120 KLPD Grain/Sugar Syrup/Molasses based distillery at the company’s Sankili unit in Andhra Pradesh. The distillery will cost company Rs 92.50 crore and the work is expected to be completed by November 2022

  • International Conveyors: Promoter entity IGE (India) acquired over 3.23 lakh equity shares in the company via open market transaction, increasing shareholding to 63.34% from 62.86% earlier

  • MAS Financial Services: The company has entered into a strategic co-lending partnership with Bank of India for lending to micro, small and medium enterprises

  • Multiplex Stocks: The Multiplex Association of India (MAI) urged the Maharashtra government to reopen theatres in the state on “urgent basis”, claiming that the exhibition industry has suffered losses to the tune of ₹4,800 crore

  • PSP Projects: The company is in receipt of Letter of Intent(s) for projects worth Rs 132.57 crore towards industrial and precast segment from different clients in Gujarat

  • TVS Motors: The Company announced a distribution partnership with ETG logistics which will operate 30 new dealerships of TVS Motors in South Africa

  • Vedanta: Company is likely to withdraw arbitration filed in Singapore for tax-case related to Cairn India after Indian government agrees to refund

  • Vodafone: VIL chairman, Himanshu Kapania, shared a letter with the shareholders expressing his hope that government would provide relief

  • Wipro: The company has partnered with Securonix to deliver managed security services.

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  • Disclosure:
  • EZ Wealth is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Cash, F&O and CDS segments. EZ Wealth is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, EZ Wealth is a SEBI registered Portfolio Manager. EZ Wealth is a step-down subsidiary of Wealth Discovery Securities Pvt. Ltd (referred as ‘WDSPL’ hereafter).
  • This report is not to be altered, transmitted, reproduced, copied, redistributed, uploaded, published or made available to others, in any form, in whole or in part, for any purpose without prior written permission from EZ Wealth.
  • The projections and the forecasts described in this report are based on estimates and assumptions and are inherently subject to significant uncertainties and contingencies. Projections and forecasts are necessarily speculative in nature, and it can be expected that one or more of the estimates on which the projections are forecasts were based may not materialize or may vary significantly from actual results and such variations will likely increase over the period of time. The recipients should consider and independently evaluate whether it is suitable for its/ his/ her/their particular circumstances and if necessary, seek professional / financial advice as there is substantial risk of loss. EZ Wealth does not take any responsibility thereof. Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss
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