[vc_row][vc_column][vc_column_text]

Mid-day break… with EZ Wealth – September 22, 2021

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67698″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]India’s Dynamatic Technologies gets Boeing contract to produce aero structures for fighter jet

Bengaluru-headquartered Dynamatic Technologies has been awarded a contract for manufacturing assemblies for Boeing’s newest tactical fighter, F-15EX Eagle II. This is a first where aerostructures for the latest and most advanced F-15EX Eagle II will be made in India. They are to start supply from FY 2022. “Dynamatic has been associated closely with Boeing as a strategic tier-1 supplier partner for over a decade,” CEO & Managing Director, Dynamatic Technologies Limited, Udayant Malhotra, said. “The award for manufacturing aerostructures for the F-15EX Eagle II to Dynamatic is a testimony of our partnership with Boeing,” he added.

Zee’s merger with Sony could be the trigger that the stock needed

Zee Entertainment’s merger with Sony Pictures Networks India (SPNI) comes at a time when Zee’s largest investors had raised corporate governance concerns in the company and had also asked for the ouster of MD and CEO Punit Goenka. Following the proposed merger, SPNI shareholders will hold a 52.93 percent stake in the combined entity and Zee shareholders will own a 47.07 percent stake. Punit Goenka will continue to be the managing director and CEO of the merged entity. Analysts are of the view that merger is good for both the players because the industry is going through metamorphosis at this stage and a larger entity with deeper pockets is a welcome development for the industry

Depositors Of PMC Bank, 20 Other Stressed Lenders To See Relief By Year-End

Depositors of 21 banks under regulatory directions, including the Punjab & Maharashtra Co-operative Bank Ltd., could get up to Rs 5 lakh of their deposits by year-end. This is the part of deposits insured by the Deposit Insurance and Credit Guarantee Corporation. List of banks is as follow : Adoor Co-Operative Urban Bank, Bidar Mahila Urban Co-op Bank, City Co-Operative Bank, Hindu Co-Operative Bank, Kapol Co-Operative Bank, Marathan Sahakari Bank, Millath Co-Operative Bank, Needs Of Life Co-Operative Bank, Padmashree Dr Vitthalrao Vikhe Patil Co-Op Bank, People’s Co-Operative Bank, Punjab & Maharashtra Co-Op Bank, Rupee Co-Operative Bank, Shree Anand Co-Op Bank, Sikar Urban Co-Op Bank, Sri Gururaghavendra Sahakara Bank, The Mudhol Co-Operative Bank, Mantha Urban Co-Operative Bank, Sarjeraodada Naik Shirala Sahakari Bank, Independence Co-Operative Bank, Nashik, Deccan Urban Co-Operative Bank, Garha Co-Operative Bank

Early Interest Emerges For IDBI Bank As Government, LIC Look To Divest

At least four entities have expressed early interest in purchasing controlling stake in IDBI Bank Ltd. These include Prem Watsa’s Fairfax Financial Holdings, The Blackstone Group, Avenue Capital Group and InCred-KKR, two people with direct knowledge of the matter said. In recent conversations, these bidders have expressed interest in buying the government’s 45.48% stake, the first of the two people said. Apart from the government’s stake, a successful bidder will also take over a portion of Life Insurance Corp. of India’s 49.24% stake to become the largest shareholder in the bank.

Monsoon entrenching ‘normal’ performance as it enters last mile

The rain deficit for the country as a whole has further shrunk to three per cent as of yesterday (Tuesday), helping the monsoon entrench its ‘normal’ performance (96-104 per cent of long-period average). It may sustain the status since the Bay of Bengal could spin up more weather systems before the month-end.[/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]