Lundin Gold April 2024 Corporate Presentation v4.pdf
ICICI Bank launches mortgage guarantee backed home loans
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Global View
India Update
Today’s Event/ Stock in News
ICICI Bank, India's largest private sector bank, has launched the country's first 'Mortgage Guarantee' backed loans for retail customers aspiring to
purchasetheirfirsthomesintheaffordablehousingsegment.Christened'ICICIBankExtraaHomeLoans', itallowsaborrowertoenhancetheloan
amount by up to 20% and also provides the option to extend the repayment period up to 67 years of age. 'ICICI Bank Extraa Home Loans'
empowers the customers with the dualadvantage ofimprovedaffordability andalonger repaymentperiod.ICICI Bankhaslaunched thisinitiative
in association with India Mortgage Guarantee Corporation (IMGC). IMGC is a joint venture between National Housing Bank (NHB), an RBI
subsidiary which regulates Home Finance Companies in India; NYSE-listed Genworth Financial Inc., a Fortune 500 company; International Finance
Corporation (IFC) and Asian Development Bank (ADB). The launch of 'ICICI Bank Extraa Home Loans' comes close on the heels of a slew of
pathbreaking services introduced by ICICI Bank. These include the upgraded version of iMobile with over 100 services, fully automated 24X7
'TouchBanking'branches,TabBankingandthecountry'sfirstcontactlessdebitandcreditcards.
Technical Outlook : On daily chart, prices have taken support near falling trend line at 268 levels. During yesterday’s trading session, price has
given gap up opening with positive volumes. The momentum indicator RSI has moved above 40 levels, which point out for positive
confirmationtotheprices.Sofortradingprospective,onecouldBuyintherangeof280-282 forthetargetof284.50-287.35 levels.
Just Dial has received the Reserve Bank of India's (RBI) nod to buy back shares of the company at a maximum price of Rs 1,550
per equity share. The company proposes to get shareholders' approval for the same through a postal ballot, though the date of
which has not been announced yet. Earlier in June, the company intended to buy back up to 25 per cent of the paid-up capital
and free reserves of the company at a maximum price of Rs 1,550 per equity share of face value Rs 10 each. The company's
board approved the same on June 4.
TechnicalOutlook: TheStockhasbeentradinginfallingchannelformationsincelast1year.Recently,Pricehastakensupportoflowerbandof
channel at 741 levels and showed immense bounce back in the prices. The momentum indicator RSI reading is in oversold zone territory with
positivecrossover,whichsuggestingbouncebackcanbeseeninthestock.Sofor tradingprospective,onecouldBuyintherangeof811-818for
thetargetof826.50-835 levels.
ICICIBANK
JUSTDIAL
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
28th August 2015
Buy in the range of 811-818 with of SL 800 for the Target of 829-840
Buy in the range of 280-282 with of SL 277 for the Target of 285-288
Wall Street rallied more than 2 percent on Thursday as strong US economic data and hints that a September interest-rate hike was unlikely fueled
optimism that the worst of recent market turmoil was over. The market slump stopped on Wednesday after New York Fed President William
DudleysaidthecaseforaSeptemberhikehadbecome"lesscompelling".However,tothatend,investorswillkeepaneyeonanannualconference
of some of the world's top central bankers in Jackson Hole, Wyoming over the next few days for further clues on interest rates. Data on Thursday
showed that the US economy grew 3.7 percent in the second quarter - much faster than the previous estimate of 2.3 percent. The Dow Jones
industrialaverage2.27percenttoendat16,654.77andtheS&P500jumped2.43percentto1,987.66.TheNasdaqCompositeadded2.45percent
to4,812.71.
Asian stocksextended theirrecovery into the finaltradingdayofthe week asinvestors cheeredaseconddayofgainsinChinese and US markets.
China's benchmark Shanghai spiked more than 1.00 % in early trade, building on a 5.4 % gain in the previous session following news that the
People's Bank of China purchased stocks from big firms and requested state-owned banks to buy more yuan on its behalf late on Thursday.
Shenzhen and Hong Kong shares were also trading @ 1.00%, Japan’s Nikkei trading at 3.00% higher, South Korean’s Kospi was up by 1.4%. Back
tothehome,theIndianequitymarketislikelytoopengapupandcontinuewithyesterdayclosingrally.
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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
28th August 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Corporate Action:
Ashoka Buildcon Limited; Annual General Meeting/ Dividend - Re 0.70/- Per Share.
Bharat Petroleum Corporation; Annual General Meeting/ Dividend - Rs 22.50/- Per Share.
JBF Industries Limited; Dividend - Rs 2/- Per Share.
Chambal Fertilizers & Chemicals Limited; Dividend - Rs 1.90/- Per Share.
SRF Limited; Interim Dividend - Rs 5/- Per Share.
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 27/08/2015 532351 AKSHOPTFBR MUKUL SOOD S 800,000 15.88
2 27/08/2015 532626 PONDYOXIDE ANIL KUMAR BANSAL B 718,598 89.00
3 27/08/2015 539195 POEL SUNIL KUMAR BANSAL B 665,801 40.00
4 27/08/2015 539195 POEL ANIL KUMAR BANSAL S 620,537 40.00
5 27/08/2015 539195 POEL DEVAKAR BANSAL B 581,687 40.00
6 27/08/2015 532626 PONDYOXIDE ANIL KUMAR BANSAL S 457,616 89.00
7 27/08/2015 539195 POEL NEELAM BANSAL B 383,943 40.00
8 27/08/2015 539195 POEL SUNIL KUMAR BANSAL S 383,943 40.00
9 27/08/2015 538295 KAUSAMBI HETA KALPESHKUMAR GOLWALA S 341,951 8.95
10 27/08/2015 532626 PONDYOXIDE NEELAM BANSAL S 308,448 89.00
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SEBI Certified – Research Analyst www.choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Chandrakant Maske Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
28th August 2015
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking
Pvt Ltd., ou=Research Dept.,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.08.28 08:29:57 +05'30'