May 22, 2024

May 22, 2024

+ 66 - 1874
22635 + 23
+ 13 + 3548
- 227
+ 80

• U.S. FOMC Meeting Minutes.

• Results Today: Grasim, Jubilant Foods, Petronet LNG, Power Grid, Sun
Pharma, Torrent Power.
 WEEKLY TRACKER : KEY CORPORATE ACTION May 22, 2024

Company Name Ex Date Purpose Record Date Remarks

COLGATE-PALMOLIVE (INDIA) LTD. 22 May 2024 Interim Dividend - Rs. - 26.00 23 May 2024

COLGATE-PALMOLIVE (INDIA) LTD. 22 May 2024 Special Dividend - Rs. - 10.00 23 May 2024

GREAT EASTERN SHIPPING CO.LTD. 22 May 2024 Interim Dividend - Rs. - 10.80 23 May 2024

OBEROI REALTY LTD. 22 May 2024 Interim Dividend - Rs. - 2.00 23 May 2024

STATE BANK OF INDIA 22 May 2024 Final Dividend - Rs. - 13.70 22 May 2024

Sula Vineyards Ltd 22 May 2024 Final Dividend - Rs. - 4.50 22 May 2024

TRENT LTD. 22 May 2024 Dividend - Rs. - 3.20 22 May 2024

Source – BSE INDIA

 May 22, 2024

Dr Reddy’s: CMP (5790) PNC Infra: CMP (458)

Dr Reddy unit in license pact for PNC Infratech declared L1 for
Alvotech's Denosumab rights in US. two EPC road projects worth
₹4,994 crore of Maharashtra
State Road Development
Corporation.
POSITIVE POSITIVE
5775 5810 | 5825 452 465 | 472

ONGC: CMP (280)

TVS Motors: CMP (2151) ONGC says co aims to produce Action Const: CMP (1567)
TVS Motor launches TVS iQube 47 million tonnes of oil equivalent Strong Results: Net profit at Rs
electric scooter in Sri Lanka. in 3 Years. 98.45 cr vs Rs 47.15 cr, Revenue
at Rs 836 cr vs Rs 614 cr (YoY).

POSITIVE POSITIVE
2140 POSITIVE
2170 | 2180 276 284 | 288
1555 1580 | 1595
 May 22, 2024

(CMP 22529.05) (CMP 48048.20)

Short term trend Positive Short term trend Positive

Upper Boundary – 23500 Upper Boundary - 52000
Lower Boundary – 21000 Lower Boundary - 46500

22450 22350 47950 47850

22600 22700 48150 48300

Buy near 22450 with a stop loss of 22350 tgt Buy near 47950 with a sl of 47850 tgt 48050/48200
22550/22600

1. METROPOLIS 2. JUBLFOOD 1. ASTRAL 2. MCX

 May 22, 2024

TECHNICAL VIEW

FINNIFTY (CMP – 21438.20) Nifty Midcap Select (CMP – 11339.35)

Short-term Trend Positive Short-term Trend; Positive

Upper Boundary - 23000 Upper Boundary – 11800

Lower Boundary – 20500 Lower Boundary - 10000

S1: 21400 S2: 21300 S1: 11300 S2: 11200

R1: 21500 R2: 21600 R1: 11400 R2: 11450

Strategy for the Day Strategy for the Day

Buy near 21400 with a sl of 21300 tgt 21500/21600 Buy near 11300 with a sl of 11200 tgt 11400/11450
 APR 16 2024

May 22 2024

View
Positive Rs2015.09Cr.
ABFRL 282.6 287 278
22595 48212 COALINDIA Positive 492.5 505 487 Rs-30531.40Cr.
1.1 0.98 Positive Rs1503.27Cr.
ADANIPORT 1389.90 1431 1370
23000 48200 Negative . Rs1031.35Cr
GODREJPROP 2802.75 2750 2835
22500 48000 Rs-25981.64Cr
AUBANK Negative 613.65 585. 624

23000
BANDHANBNK ABCAPITAL BIOCON GRANULES
INDIACEM BALRAMCHIN GMRINFRA IDEA ZEEL 22200
PEL IEX NATIONALUM PNB
 May 22 2024

Strategy for the day

 May 22, 2024

Bank of Baroda : Healthy Q4, Outlook steady. Buy with Target price of Rs.310

Astral : Broadly in-line Q4. Buy with Target price of Rs.2400

Balrampur Chini Mills : Good performance in tough environment. Buy with Target price of
Rs.440

BANK OF BARODA * 265 BUY 310 17%

ASTRAL * 2078 BUY 2400 15%

ROLEX RINGS * 2575 BUY 2961 15%

AFFLE INDIA 1214 BUY 1535 26%

JK LAKSHMI 793 BUY 1100 39%