[vc_row][vc_column][vc_column_text]

Mid-day break… with EZ Wealth – September 17, 2021

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67643″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Biocon unit to offer 15% stake to Serum Institute’s Arm in a strategic alliance

Under the terms of the agreement, Biocon Biologics Ltd., a subsidiary of Biocon Ltd., will offer about 15% stake to Serum Institute Life Sciences Pvt., a unit of the world’s biggest vaccine maker, at a post-money valuation of nearly $4.9 billion (Rs 36,046 crore)

In exchange, Biocon Biologics will get committed access to 10 crore doses of vaccines per annum for 15 years, primarily from Serum Institute Life Sciences’ upcoming vaccine facility in Pune with commercialisation rights of its vaccine portfolio (including that for Covid-19) in global markets

Besides vaccines, the strategic alliance will develop antibodies targeting several infectious diseases such as dengue and HIV, among others. Biocon Biologics will also, at its cost, establish a vaccine research and development division to support the alliance, and wherever possible, will make available its cell culture and sterile fill and finish capacities for vaccine production

Hindustan Unilever’s brands fared well in the COVID year

Sales of Surf Excel detergent and Brooke Bond tea more than doubled to Rs 5,000 crore and above between FY19 and FY21. HUL’s Bru coffee and Kissan jam and sauces brands moved in the other direction, leapfrogging to the Rs 1,000-crore and more club in FY21. That was aided by an increase in at-home consumption as Indians hunkered down indoors during both the pandemic waves. Fabric softener Comfort entered the Rs 500-crore band. After its acquisition of GlaxoSmithKline Consumer Healthcare Ltd., HUL has two more bran

Only one HUL brand, Lakme, contracted during the period as people worked from home and remained indoors, reducing the need for grooming

Tata Digital is set to launch a Nykaa rival

Tata Digital is finalising plans to launch a new ecommerce platform exclusively to sell beauty and cosmetics products, in direct competition to Nykaa, Purplle and MyGlamm, executives directly aware of the development said. The online store will be separate from Tata CLiQ, which also deals in segments such as apparel and electronics besides beauty products, and existing ecommerce group verticals like Westside which sell cosmetics, beauty, apparel and lifestyle household products online.

Ola Electric sells S1 scooters worth over ₹1,100 crore in 2 days

Ola Electric completed two days of sales of the Ola S1 and Ola S1 Pro scooters. The company has revealed that it made over ₹1100 crores in sale within a period of just two days. On day 1, the company announced that it made sales worth over ₹600 crore which it claimed is more than what the entire 2-wheeler segment makes in a single day in India.

India may corner nearly half of global rice trade as exports soar to record

India could account for as much as 45 per cent of global rice exports in 2021 as expanded port-handling capacity allows the world’s second largest rice grower after China to ship record volumes to buyers across Africa and Asia.

The world’s top exporter could ship as much as 22 million tonnes (mt) of rice this year, or more than the combined exports of the next three largest exporters Thailand, Vietnam and Pakistan, said Nitin Gupta, Vice President of Olam India’s rice business. “Along with traditional buyers, this year China, Vietnam and Bangladesh are also making purchases from India,” he said. India’s exports in 2020 jumped 49 per cent from the year before to a record 14.7 mt , as shipments of non-basmati rice spiked 77 per cent to a record 9.7 mt

[/vc_column_text][vc_column_text]

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

This report has been prepared by EZ Wealth and published in accordance with the provisions of Regulation 19 of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, for use by the recipient as information only and is not for general circulation or public distribution. The solicitation of an offer to buy, purchase or subscribe to any securities, and neither this report nor anything contained therein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. It does not constitute a personal recommendation or take into account the particular investment objective, financial situation or needs of any individual in particular. The research analysts of EZ Wealth have adhered to the code of conduct under Regulation 24 (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014. The recipients of this report must make their own investment decisions, based on their own investment objectives, financial situation or needs and other factors. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection. This report has been prepared by EZ Wealth based on the information available in the public domain and other public sources believed to be reliable. Though utmost care has been taken to ensure its accuracy and completeness, no representation or warranty, express or implied is made by EZ Wealth that such information is accurate or complete and/or is independently verified.

The contents of this report represent the assumptions and projections of EZ Wealth and EZ Wealth does not guarantee the accuracy or reliability of any projection, assurances or advice made herein. Nothing in this report constitutes investment, legal, accounting and/or tax advice or representation that any investment or strategy is suitable or appropriate to recipients’ specific circumstances. Since EZ Wealth or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. EZ Wealth or its associates have not received any compensation for investment any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that EZ Wealth or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.

Research analyst or EZ Wealth or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor EZ Wealth are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer or director. No material disciplinary action has been taken on EZ Wealth by any regulatory authority impacting Equity Research Analysis activities. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. EZ Wealth reserves the right to make modifications and alternations to this statement, as may be required, from time to time. Research analyst or EZ Wealth or its actual/beneficiary ownership of 1% depends from case of case. It is also confirmed that research analysts have not received any compensation from the subject company in the past 12 months.

WDSPL registered address: 1206, 12th Floor, Kailash Building K.G. Marg.
Connaught Place New Delhi-110001

Tel No: 91 +11-43444-666 | 91 +11-43444-623 |

Wealth Discovery Securities Pvt Ltd – CIN: U74999DL2010PTC211626

Wealth Discovery Commodity Pvt Ltd – CIN: U74999DL2011PTC213264

SEBI-NSE-INB/F/E231435737,BSE-INB011435733/INF011435833, DP-IN-DP-CDSL-679-2013 SEBI- REG.NO- MCX & NCDEX – INZ000015731

[/vc_column_text][/vc_column][/vc_row]