Stocks To Watch: Cadila Healthcare, Power Grid, Aurobindo Pharma, Infosys, Max Healthcare

Here are the stocks to watch in trade today...

Electronic board indicating the latest stock figures are reflected in a glass facade at the NSE in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India’s stock benchmarks snapped a two-week winning streak on Friday as metal, realty and banking stocks dragged. Hawkish comments from the minutes of the U.S. Federal reserve hinting at the possibility of tapering by this year sapped sentiment.

The S&P BSE Sensex fell 0.54% to 55,329.32. The NSE Nifty 50 declined 0.71% to 16,450.50. Tata Steel Ltd. contributed the most to the index decline and had the largest move, decreasing 8.3%.

Here are the stocks to watch in trade today:

  • Cadila Healthcare: Zydus Cadila’s Covid vaccine, ZyCoV-D, has received approval for Emergency Use Authorization from the Drug Controller General of India. The world’s first Plasmid DNA vaccine will be administered to all above 12 years of age. ZyCov-D is a 3-dose vaccine that can be injected with the company's own needle-free system. This vaccine was developed domestically by Zydus Cadila in partnership with India's Department of Biotechnology. The company plans to manufacture 10-12 crore doses of ZyCoV-D annually.

  • Adani Total Gas: To buy 50% stake in Smartmeters Technologies for Rs 1 crore. The acquisition is expected to be completed by September 2021.

  • Power Grid Corporation of India, India Grid Trust and Parbati Koldam Transmission Company have executed a new shareholders agreement. PKTCL was a joint venture company of Reliance Infrastructure (74%) and Power Grid (26%). Upon transfer of shares by Reliance Infra to India Grid Trust in PKTCL, the shareholders agreement was terminated.

  • Aurobindo Pharma: Cancelled the proposed deal to buy 51% stake in Cronus Pharma Specialities. The board of directors in its meeting held on August 20 approved the termination of the aforesaid agreements and the parties mutually agreed and terminated the said agreements.

  • Indostar Capital Finance: Promoter Indostar Capital to exercise the greenshoe option to the extent of 6.13 lakh equity shares (representing 0.45% of the total equity share capital on a fully diluted basis) in addition to the base offer size of 61.89 lakh equity shares. The OFS opens for retail investors today.

  • TTK Prestige: To commence normal operations at manufacturing unit at Khardi in Maharashtra from August 23. A long-term settlement has been reached with the permanent workmen at the unit, the company said. The lock-out declared by the management on November 17, 2020, has been lifted with effect from August 20. The workmen have undertaken not to indulge in disruptive activities henceforth and have also accepted improved productivity norms, the company said.

  • Infosys: Bought back shares worth Rs 4.22 crore on Friday.

  • SRF: Board to meet on August 31 to consider issuance of bonus shares subject to approval by the shareholders of the company.

  • New Listings: Nuvoco Vistas, Aptus Value Housing Finance

Pledge Share Details

  • Wockhardt: Promoter Themisto Trustee Company created a pledge of 30,000 shares on August 17.

    As reported on August 20.

Bulk Deals

  • AAVAS Financiers: HDFC Mutual Fund bought 4.25 lakh shares (0.54%) at Rs 2,452.50 per share. Government of Singapore bought 7.71 lakh shares (0.98%) at Rs 2,452.50 per share. Partners Group Private Equity (Master Fund), LLC sold 10.40 lakh shares (1.33%) at Rs 2,453.28 per share. Partners Group ESCL Ltd sold 23.72 lakh shares (3.02%) at Rs 2,453.62 per share.

  • CarTrade Tech: Plutus Wealth Management LLP bought 4 lakh shares at Rs 1,590.86 per share. Goldman Sachs Trust bought 9.60 lakh shares at Rs 1,563.43 per share. Jupiter India Fund bought 3.89 lakh shares at Rs 1,575.55 per share.

  • Exxaro Tiles: Societe Generale sold 2.50 lakh shares at Rs 121.76 per share. Nexpact bought 2.39 lakh shares at Rs 121.

  • Karda Constructions: Elara India Opportunities Fund bought 28 lakh shares (4.55%) at Rs 22.45 per share

  • Poonawalla Fincorp: Promoter Celica Developers sold 50 lakh shares (0.65%) at Rs 190.13 per share.

  • Shilpa Medicare: Tano Mauritius India FVCI II sold 19.79 lakh shares (2.43%) at Rs 520 per share. Cohesion MK Best Ideas Sub-Trust bought 7 lakh shares (0.86%) at Rs 520 per share.

Insider Trades

  • Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 1.25 lakh shares between August 13-16.

  • Aurobindo Pharma: Promoter Kambam Spoorthi sold 6 lakh shares on June 14.

  • JK Cement: Promoter Ramapati Singhania sold 3,600 shares between August 17-18.

  • Karda Constructions: Promoters (Prem Karda and Laxman Karda) sold 23 lakh shares between August 17-18.

  • Max Healthcare Institute: Promoter Kayak Investments Holding Pte sold 27.26 lakh shares on August 20.

  • Pidilite Industries: Promoter Neerav Parekh sold 1 lakh shares on August 18. Promoter Ishijas Chemicals bought 1 lakh shares on August 18.

  • Ramkrishna Forgings: Promoter Riddhi Portfolio bought 6,500 shares on August 18.

Who’s Meeting Whom

  • Allcargo Logistics: To meet Locus Investment Group on August 24.

  • Mahindra Holidays & Resorts India: To meet JHP Securities on August 23.

Trading Tweaks

  • Ex-Date AGM: InterGlobe Aviation, Sun Pharmaceutical Industries, Eris Lifesciences, Astral, Rupa & Company, Balaji Telefilms, Gallantt Ispat, Gallantt Metal

  • Ex-Date Final Dividend: Astral, Chambal Fertilisers & Chemicals, Sun Pharmaceutical Industries, Indiamart Intermesh, Balaji Telefilms

  • Ex-Date Dividend: DLF, Gloster, Rupa & Company

  • Ex-Date Interim Dividend: Sun Tv Network

  • Ex-Date Special Dividend: Rupa & Company

  • Record Date Interim Dividend: Manappuram Finance, GMM Pfaudler, Dolat Investments

  • Record Date Special Dividend: GOCL Corporation

  • Record Date Final Dividend: EKI Energy Services

  • Move Into Short-Term ASM Framework: Fiem Industries

  • Move Out Of Short-Term ASM Framework: Quick Heal Technologies, BASF India, Repro India

  • Move Out Of ASM Framework: Nalwa Sons Investments, Oricon Enterprises, Nureca, Gujarat Narmada Valley Fertilizers and Chemicals, PTC India

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