Markets 

Sector Overview 

PHARMA

Top Gainers:

•  The Union government sanctions Rs 700 crores for setting up pharma and med-tech centres at the seven National Institutes of Pharmaceutical, Education and Research facilities (NIPER) over a period of five years. This step towards further research and development reflects positively on the on the Indian Pharma industry as Indian generic drug manufacturers face scrutiny over products abroad.

• Namita Thapar’s Emcure Pharma IPO to float on Wednesday, July 3 consisting of a fresh sale of Rs 800 crores and an offer-for-sale of 1,14,28,839 equity shares by it’s promoters and existing shareholders at a price band of Rs 960-1008. Investors can apply for a minimum of 14 equity shares and it multiplies thereafter until July 5.

• Orchid Pharma and Cipla collaborate to launch a breakthrough antibiotic, Cefephim-Enmetazobactam (that’s a mouthful) across India. Leveraging from it’s expertise in drug development and extensive distribution network and market presence respectively, the collaboration aims to deploy this anti-infective approved for Urinary Tract Infections (cUTI), Hospital-Acquired Pneumonia (HAP) and Ventilator-Associated Pneumonia.

AUTO

Top Gainers:

• Auto sales in June likely to be mixed bag of growth with two-wheelers and passenger vehicles. Commercial vehicles segment likely to see flat sales growth, while tractor sales are estimated to dip for the month.

• Nine Indian car manufacturers including Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra, Kia Motors, Toyota Kirloskar, Honda Cars India, Skoda Auto Volkswagen and MG Motors who account for 97% of domestic market sales, are creating additional capacity of three million cars per annum, an increase of 52% from their current capacity of 5.72 million cars per annum according to data from CRISIL Intelligence and Analytics. Once the pants are up and running, India will hit a capacity of 8.77 million vehicles per annum.

• Nifty Auto achieves 8th consecutive monthly gain in June, soaring 7.60%. 13 of the 16 constituents of the index finished in the green including Samvardhana Motherson International at the top with a whopping gain of 32.4% as well as Exide Industries, Mahindra & Mahindra, Bosch Apollo Tyres, Hero MotoCorp, Bharat Forge and Ashok Leyland.

FMCG

Top Gainers:

• ITC”s newer distribution channels including e-comm and model trade outlets now account for 31% of it’s FMCG portfolio, higher than the industry average of the leading FMCG players in the country those being 15%-20%.

• Shares of small cap FMCG firm Hindustan Foods Ltd went up 2.1% after prominent Morgan Stanley and Samsung India 2.0 Equity Master Investment bought stake in the company. As per NSE block deals, domestic institutional investors (DII) such as Aditya Birla Sun Life Insurance Company and ICICI Prudential Life Insurance have also purchased equity shares of 29,88,047 units and 56,77,290 units of Hindustan Foods Ltd respectively at Rs 503 apiece.

• With key brands including Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, Tata Gluco, Tata Salt, Tata Sampann, Tata Soulfull, Ching”s secret and Smith & Jones, a strong distribution network of over 10,000 channel partners, 4 million retail outlets, and 1.6 million direct outlets and to top it all off an extraordinary compound annual growth rate (CAGR) of 9.7% in the last five years, Tata Consumer Products is giving other major FMCG players a run for their money, you may want to be on the lookout.

This has been your friendly neighbourhood news aggregator and prime information source, Uptick. And once again thank you so much for subscribing!