[vc_row][vc_column][vc_column_text]

Mid-day break… with EZ Wealth – September 24, 2021

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67732″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Govt seals mega deal with Airbus for purchase of 56 C-295 military transport aircraft

The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force. Under the deal, 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space within 48 months of signing the contract. The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract

Gold Price under pressure amid global growth crisis, weak economic data

Gold and silver plunged on Thursday after record gains in the global equities and benchmark 10-year bond yields in the United States. The conclusion of the Federal Reserve’s FOMC meeting Wednesday afternoon saw the US central bank make no monetary policy changes, but it did set the table for future tapering of its bond-buying program, and an increase in its key interest rate in 2022

Jindal Steel Expects Indian Exports to Jump on China Curbs

Indian mills are poised to gain from China’s restrictions on steel output, with interest rising in semi-finished products, according to Jindal Steel & Power Ltd. “China has decided not to melt too much of iron ore or use it in their blast furnaces and to import more of semis, so we are getting more and more inquiries for billets, blooms, pig iron and direct-reduced iron from China” Managing Director V.R. Sharma said in an interview. The world’s biggest steelmaker is intensifying production curbs to meet a target for lower volumes this year as it works toward a target of reaching carbon neutrality by 2060. More recently, restrictions have focused on improving air quality for the Winter Olympics next year.

India’s Power Outage Risks Increase as Coal Stockpiles Plummet

Coal stockpiles in India plunged to the lowest in nearly three years, putting more than half the country’s coal-fired generation capacity at risk of outages. Heavy rains in India’s largest mining regions are worsening the country’s coal supply crisis. Flooded mines and water-logged roads have slowed down operations at state miner Coal India Ltd.’s mines, according to technical director Binay Dayal, choking supplies to power stations. That’s pushed stockpiles of the fuel to 9.3 million tons, the lowest since October 2018, data from the Central Electricity Authority show.

Truck Demand To Sustain For Up To Two Years, Says Volvo Eicher CEO

Demand for medium and heavy trucks is back above the pre-pandemic levels for the first time, aided by an economic recovery.” There are reasons to suggest the recovery should sustain over the next one to two years. The economic activity is picking up and overdue replacements mean that the commercial vehicle industry is in a sweet spot” Vinod Aggarwal, MD and CEO at Volvo Eicher Commercial Vehicles Ltd., said in an interview. Economic indicators are recovering. E-way bills, a measure of road freight movement, has also shown signs of an uptick in the last two to three months. Registration of medium and heavy commercial vehicles in September were 5% above 2019 numbers, and nearly three times the 2020 level[/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]