[vc_row][vc_column][vc_column_text]

Mid-day break… with EZ Wealth – September 20, 2021

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67661″ img_size=”large”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Evergrande moment of truth arrives with bond payment deadlines

Evergrande, one of the country’s biggest developers, is on the brink of collapse as it wallows in debts of more than $300 billion, raising concerns of a spillover into the domestic and global economy. Fears of a contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong on Monday, with the firm expected to default on upcoming interest payments this week. The crisis has triggered rare protests outside the company’s offices in several Chinese cities by investors and suppliers — some of whom claim they are owed as much as $1 million — demanding their money. Adding to the anger, it emerged at the weekend that six top executives would face “severe punishment” for redeeming financial products before telling retail investors that the firm could not pay them on time.

Dabur forays into face wash category under Vatika brand

The company expects Dabur Vatika Face Wash range, which has been exclusively launched on e-commerce platform Flipkart, would strengthen its presence in the personal care market. With the new Vatika Face Wash, Dabur is now expanding the Vatika franchise to give consumers a soap and paraben-free product for their daily face care needs.

RailTel, Rail Vikas Nigam stocks rally on restructuring plan report

The newspaper, citing the report, said Rail Vikas Nigam’s key role as a rail infrastructure company aligns with IRCON’s, which is the rationale for the merger. The overlap between RailTel, a telecom infrastructure provider, and IRCTC’s internet ticketing are also grounds for a potential takeover, the report said. Shares of RailTel gained as much as 9.7%, while Rail Vikas Nigam rallied 8.6%.

Shapoorji Pallonji Group to sell majority stake in Eureka Forbes to PE firm Advent

The transaction values the maker of water purifiers and vacuum cleaners at an enterprise value of Rs 4,400 crore, the group said in a statement. After the listing, Advent will purchase up to 72.56% of the company’s then outstanding stock on a fully diluted basis from Shapoorji Pallonji Group. Eureka Forbes, the statement said, has more than 20,000 outlets and an e-commerce channel, with a base of over two crore customers. The cash can help the real estate-to-appliances Shapoorji Pallonji Group pare debt

Biden administration making ‘real whole govt effort’ to partner with India: US-India Business Council

Under the Joe Biden administration, there is a “real whole government effort” to partner with India and to look at how the two democratic countries can usher in greater opportunity in the future, said Nisha Desai Biswal, the President of the US-India Business Council. The things that are most looked forward to and are hopeful on the bilateral side is really on how Modi and Biden may engage on economic and trade partnership, she claimed.[/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]