monthly corporate action trackercontent.icicidirect.com › mailimages ›...

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in May, 2020

Amit Gupta Bharat Chhoda Cheragh Sidhwa

[email protected] [email protected] [email protected]

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

2

Corporate Action Tracker - May 2020

Preferential allotment in April 2020

2

3

4

5

Board meetings for May 2020

Major stakeholder’s activity in April 2020

Stock split for May 2020

Announced and probable dividend1

Historical trends of corporate actions6

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

3

Companies likely to pay dividend in May 2020

Probable dividend

Source: Capitaline, ICICI Direct Research

Probable dividend

Source: Capitaline, ICICI Direct Research.

C o m p an y Divid e n d Face valu e Divid e n d Divid e n d Yie ld Ex-d ate

(%) (|) (|/s h are ) (%)

Proc. G am. Heal. 240.00 10.00 24 0.6 23/05/2019

Nes tle India 230.00 10.00 23 0.2 6/5/2019

L inde India 15.00 10.00 1.5 0.3 8/5/2019

Cas trol India 55.00 5.00 2.75 1.9 9/5/2019

ITC 575.00 1.00 5.75 1.9 22/05/2019

Raymond 30.00 10.00 3 0.4 23/05/2019

Sundram Fas ten. 310.00 1.00 3.1 0.6 20/05/2019

Tata Consumer 250.00 1.00 2.5 1.1 24/05/2019

K ennameta l India 20.00 10.00 2 0.2 24/05/2019

G HCL 50.00 10.00 5 2.0 22/05/2019

JM Financia l 50.00 1.00 0.5 0.6 10/5/2019

UPL 400.00 2.00 8 1.2 28/05/2019

M R P L 10.00 10.00 1 1.6 30/05/2019

C o m p an y Divid e n d Face valu e Divid e n d Divid e n d Yie ld Ex-d ate

(%) (|) (|/s h are ) (%)

Trident 6.00 1.00 0.06 0.9 29/05/2019

HCL Technologies 100.00 2.00 2 0.4 16/05/2019

Manappuram Fin. 27.50 2.00 0.55 0.4 27/05/2019

Hexaw are Tech. 125.00 2.00 2.5 0.7 7/5/2019

Page Indus tries 410.00 10.00 41 0.2 30/05/2019

Nippon L ife Ind. 30.00 10.00 3 1.6 9/5/2019

Hatsun A groProd. 200.00 1.00 2 0.3 9/5/2019

Cyient 180.00 5.00 9 1.6 30/05/2019

DCB Bank 10.00 10.00 1 0.4 23/05/2019

G odrej Consumer 200.00 1.00 2 0.3 10/5/2019

Indiabulls V ent. 50.00 2.00 1 0.4 8/5/2019

D B Corp 80.00 10.00 8 4.1 27/05/2019

Indiabulls Hous . 500.00 2.00 10 1.5 7/5/2019

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

4



2

3

4

5






ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

5

Board meetings scheduled in May 2020

Board meetings in May 2020


Board meetings in May 2020


C o m p an y n am e Me e tin g d ate Bo ard m e e tin g p u rp o s e

SK F India 7/5/2020 Div idend,Q uarterly Results

G illette India 7/5/2020 Q uarterly Results

HCL Technologies 7/5/2020 A ccounts ,Fina l Div idend

Cyient 7/5/2020 Q uarterly Results

Cigniti Tech. 7/5/2020 A ccounts

Health.G lobal 7/5/2020 Preferentia l Is sue

Crompton G r. Con 7/5/2020 Rais ing funds through Debt Ins tr.

Solara A ctive 7/5/2020 Q uarterly Results ,Div idend

P & G Hygiene 8/5/2020 Q uarterly Results

Sw araj Engines 8/5/2020 A ccounts ,Div idend

R Sys tems Intl. 8/5/2020 Q uarterly Results ,Employee Stock O ption

TCI Express 8/5/2020 A ccounts ,Q uarterly Results

IC ICI Bank 9/5/2020 Q uarterly Results

Capri G lobal 9/5/2020 Q uarterly Results ,Div idend,Preferentia l Is sue

HDFC A MC 9/5/2020 Div idend,Q uarterly Results

A DF Foods 11/5/2020 Q uarterly Results ,Fina l Div idend

Sonata Sof tw are 11/5/2020 Q uarterly Results

G odrej A grovet 11/5/2020 Q uarterly Results ,Fina l Div idend

Nes tle India 12/5/2020 Q uarterly Results

Prism Johnson 12/5/2020 Q uarterly Results

C o m p an y n am e Me e tin g d ate Bo ard m e e tin g p u rp o s e

Syngene Intl. 12/5/2020 Q uarterly Results

A B B 13/05/2020 Q uarterly Results

K ennameta l India 13/05/2020 Q uarterly Results

Mphas is 13/05/2020 Div idend

Mphas is 13/05/2020 A ccounts ,Fina l Div idend

Z ensar Tech. 14/05/2020 Q uarterly Results

Biocon 14/05/2020 A ccounts

Tas ty Bite Eat. 15/05/2020 A ccounts ,Fina l Div idend

L&T Technology 15/05/2020 Q uarterly Results ,Fina l Div idend

Nirlon 19/05/2020 A ccounts

Transport Corp. 19/05/2020 A ccounts

Rane Brake L in. 19/05/2020 Q uarterly Results

Dr Reddy's Labs 20/05/2020 Q uarterly Results ,Div idend

Ugro Capita l 20/05/2020 A ccounts

Rane (Madras ) 20/05/2020 Q uarterly Results

Hind.Z inc 21/05/2020 Q uarterly Results ,Div idend

G MM Pfaudler 23/05/2020 A ccounts ,Div idend

Rane Holdings 27/05/2020 Q uarterly Results

Heritage Foods 27/05/2020 A ccounts ,Div idend,A G M

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

6



2

3

4

5






ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

7

Corporate actions announced in May 2020

Stock Split


Face valu e b e fo re Face valu e afte r

C o m p an y Nam e Ratio s p lit s p lit Re co rd d ate

K uantum Papers 10:1 10.0 1.0 NA

Laurus Labs 5:1 10.0 2.0 NA

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

8



2

3

4

5






ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

9

Major stakeholder’s activity seen in April 2020


Key Highlights

SBI Mutual Fund purchased 0.7 lakh shares (0.6%) of Page Industries

HDFC Asset Management purchased 5.0 lakh shares (0.4%) of Suprajit Engineering

Schroder Investment Management purchased 28.3 lakh shares (1.8%) of Phoenix Mills

DSP Trustee Pvt Ltd purchased 0.8 lakh shares (0.4%) of V-Mart Retail

SMALLCAP World Fund purchased 10.2 lakh shares (2.0%) of Metropolis Health

FMR LLC & FIL Ltd sold 11.0 lakh shares (0.5%) of Zensar Tech

L&T Investments Management sold 10.1 lakh shares (2.4%) of BEML Ltd

Stichting Depositary APG sold 7.4 lakh shares (0.5%) of SH Kelkar & Co

L&T Mutual Fund sold 21.2 lakh shares (2.2%) of Sobha

Arisaig India Fund Ltd sold 15.5 lakh shares (1.0%) of Westlife Development


C o m p an y No o f s h are s Bo u g h t/So ld T o tal Eq u ity Ne t ch an g e % o f to tal

(In lak h s ) (In lak h s ) (%)

Page Indus tries 0.7 111.5 0.6

Suprajit Engg. 5.0 1398.7 0.4

Phoenix Mills 28.3 1534.6 1.8

V -Mart Reta il 0.8 181.6 0.4

Metropolis Healt 10.2 506.3 2.0

Z ensar Tech. -11.0 2251.8 -0.5

BEML L td -10.1 416.4 -2.4

S H K elkar & Co. -7.4 1413.2 -0.5

Sobha -21.2 948.5 -2.2

Westlife Develop -15.5 1556.0 -1.0

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

10



2

3

4

5






ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

11


On a month on month (MoM) basis, the momentum related to raising money (in terms of number of companies) through preferential allotment

remained subdued in April 2020 due to Covid-19 impact. Only three companies raised capital through the preferential allotment route in April

2020 compared to four companies in March 2020. Suzlon Energy, Dhanvarsha Finvest raised capital through preferential allotment in April

2020. Overall, preferential allotment has declined as a funding route over FY17-19. For full year CY18, 223 companies had raised capital through

preferential allotment compared to 243 companies in CY17 and 142 companies for CY19. For YTD CY20, 33 companies have raised capital

through preferential allotment.



C o m p an y No .o f Eq . Sh are s Face V alu e Is s u e Pr ice Is s u e d To Is s u e d C ate g o ry Date o f allo tm e n t

(in cro re ) (|) (|)

Suz lon Energy 100.00 2 0.0 NA NA 18/04/2020

Dhanvarsha Finv. 0.08 10 64.5 Truvalue A gro V entures Private L imited NA 3/4/2020

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

12



2

3

4

5






ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

13

Historical trend of rights and bonus issues

Number of rights issues- CNX 500 Number of bonus issues- CNX 500

Key Highlights

Of the CNX 500 companies, three used the rights issue method to raise capital in CY19 compared to five in CY18

Total 16 companies had announced bonus issue in CY19 compared to 20 in CY17


6

8 8

5 5

7

5

2

7

5

3

1

0

2

4

6

8

10

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

C

Y18

C

Y19

CY20 (

Upto…

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

1716

29

20

16

0

0

5

10

15

20

25

30

35

CY09

CY10

CY11

CY12

CY13

CY14

CY15

CY16

CY17

CY18

CY19

CY20…

Number of Bonus Issues

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

14

Historical trend of stock splits and dividend payouts

Number of stock splits- CNX 500 Average dividend payout ratio (%) for CNX 500

Key Highlights


Four companies had announced a stock split in CY19 compared to eight in CY18

11

39

18

7 6

12 1315

108

42

0

5

10

15

20

25

30

35

40

45

CY

09

CY

10

CY

011

CY

12

CY

13

CY

14

CY

15

CY

16

CY

17

CY

18

CY

19

CY

20 (

Upto

Ap

r 202

0)

Number of stock Split

20.4

25.227.1

28.129.2

31.132.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

FY13 FY14 FY15 FY16 FY17 FY18 FY19

Dividend Payout Ratio

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

15

Pankaj Pandey Head – Research [email protected]

ICICI Direct Research Desk,

ICICI Securities Limited,

1st

Floor, Akruti Trade Centre,

Road no.7, MIDC

Andheri (East)

Mumbai – 400 093

[email protected]

ICIC

I S

ecurit

ies –

Retail E

quit

y R

esearch

MO

ME

NT

UM

PIC

K

16

ANALYST CERTIFICATION

I/We, Amit Gupta B.E, MBA (Finance), Bharat Chhoda, MBA and Cheragh Sidhwa, MBA Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research reportaccurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.Analysts are not registered as research analysts by FINRA and are not associated persons of the ICICI Securities Inc. It is also confirmed that above mentioned Analysts of this report have not received any compensation from thecompanies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employee of the companies mentioned in the report.

Terms & conditions and other disclosures:

ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products. ICICI Securities Limited is a Sebi registered

Research Analyst with SEBI Registration Number – INH000000990. ICICI Securities Limited Sebi Registration is INZ000183631 for stock broker. ICICI Securities is a subsidiary of ICICI Bank which is India’s largest private sector bank and has

its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fund management, etc. (“associates”), the details in respect of which are available on

www.icicibank.com

ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets in India. We and our associates might have investment banking and other business relationship with

a significant percentage of companies covered by our Investment Research Department. ICICI Securities generally prohibits its analysts, persons reporting to analysts and their relatives from maintaining a financial interest in the securities

or derivatives of any companies that the analysts cover.

Recommendation in reports based on technical and derivative analysis centre on studying charts of a stock's price movement, outstanding positions, trading volume etc as opposed to focusing on a company's fundamentals and, as such,

may not match with the recommendation in fundamental reports. Investors may visit icicidirect.com to view the Fundamental and Technical Research Reports.

Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.

ICICI Securities Limited has two independent equity research groups: Institutional Research and Retail Research. This report has been prepared by the Retail Research. The views and opinions expressed in this document may or may not

match or may be contrary with the views, estimates, rating, target price of the Institutional Research.

The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient

and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities. While we would endeavour to

update the information herein on a reasonable basis, ICICI Securities is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICI Securities from

doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and such suspension is in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI

Securities might be acting in an advisory capacity to this company, or in certain other circumstances.

This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is

solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers

simultaneously, not all customers may receive this report at the same time. ICICI Securities will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax

advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their

own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should

independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities accepts no liabilities whatsoever for any loss or

damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the

securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice.

ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months.

ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing or co-

managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction.

ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI Securities or its associates or its analysts did not receive any compensation or other benefits

from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts and their relatives have any material conflict of interest at the time

of publication of this report.

Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions.

ICICI Securities or its subsidiaries collectively or Research Analysts or their relatives do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the

research report.

Since associates of ICICI Securities are engaged in various financial service businesses, they might have financial interests or beneficial ownership in various companies including the subject company/companies mentioned in this report.

ICICI Securities may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.

Neither the Research Analysts nor ICICI Securities have been engaged in market making activity for the companies mentioned in the report.

We submit that no material disciplinary action has been taken on ICICI Securities by any Regulatory Authority impacting Equity Research Analysis activities.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use

would be contrary to law, regulation or which would subject ICICI Securities and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all

jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.

Disclaimer

monthly corporate action trackercontent.icicidirect.com › mailimages ›...

Documents