India's stock benchmarks declined for the second consecutive session, dragged by losses in banking, energy, realty, telecom and oil & gas stocks. The Sensex fell 0.52% to 60,008.33 on Wednesday. The NSE Nifty 50 index also declined by similar magnitude to 17,898.65.
Here are the stocks to watch in trade today:
Vedanta: To separately list aluminum, oil, iron and steel businesses. The company has set up a board committee to evaluate options to unlock and simplify its corporate structure. It aims to accelerate emissions reduction and strengthen ESG practices.
Zomato: Zomato UK, step down subsidiary of the company, has been dissolved effective from November 16, 2021.
Kalpataru Power Transmission: ICICI Prudential Mutual Fund acquired 0.19% stake in the company via open market transactions on November 16, increasing shareholding to 5.18% from 4.99% earlier.
Jindal Drilling and Industries: The company has acquired an offshore jack-up rig 'Jindal Supreme' from Venus Drilling Pte. Ltd. for $16.75 million. The rig is currently operating under contract with Oil and Natural Gas Corporation.
The Phoenix Mills: CPP Investments has completed its first tranche of investment in Plutocrat Commercial Real Estate Private, a wholly owned subsidiary of the company, on private placement basis and by way of secondary acquisition of equity shares held by the company in PCREPL aggregating to Rs 787 crore.
Seacoast Shipping Services: To consider sub-division of equity shares on November 24.
Paytm operator One 97 Communications and Sapphire Foods India to make their debut on the bourses today.
Offerings
Go Fashion IPO was subscribed 2.46 times on the first day.
The Rs 1,023.8-crore IPO of Tarsons Products saw 77.5 times subscription on final day.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Uttar Pradesh Trading Company revoked pledge of 12.62 lakh shares on November 11.
As reported on November 17.
Insider Trades
Confidence Petroleum India: Promoter Essenn LPG Bottling bought 3.71 lakh shares between November 11-16.
Gujarat Fluorochemicals: Promoters (Kapoor Chand Jain and Hem Kumari) sold 11,004 shares on November 16.
Jindal Stainless (Hisar): Promoter Nirmala Goel bought 10,000 shares on November 11.
Mahindra & Mahindra: Promoter Yuthica Keshub Mahindra sold 1,500 shares on November 15.
Olectra Greentech: Promoters (LP Sashikumar and PS Parthasarathy) sold 80,000 shares on November 12.
Who’s Meeting Whom
Arvind Fashions: To meet SBI Life Insurance and Nippon India MF on November 18.
Welspun India: To meet Batlivala & Karani Securities on November 18.
Speciality Restaurants: To meet TrustLine Holdings on November 18.
UltraTech Cement: To meet AIA Group, ApaH Capital Management, Dalton Investment LLC, Kiara Advisors, Polymer Capital Management, Skale Investments, Sundaram Asset Management, Fidelity Management & Research, Oaktree Capital Management, and Aditya Birla Sunlife Insurance between November 18-19.
Mangalam Organics: To meet analysts and investors on November 20.
Trading Tweaks
Ex-Date Interim Dividend: Easy Trip Planners
Ex-Date Stock Split: Steel Strips Wheels
Record Date Interim Dividend: Anupam Rasayan India, Aurobindo Pharma, Shyam Metalics and Energy, Balu Forge Industries, EID-Parry (India), Laurus Labs, Pitti Engineering, Saksoft
Record Date Income Distribution RITES: Mindspace Business Parks REIT
Move Into Short-Term ASM Framework: Thermax, JBM Auto, Macrotech Developers
Move Out Of Short-Term ASM Framework: Tata Teleservices (Maharashtra), Best Agrolife
Move Into ASM Framework: Tata Teleservices (Maharashtra)
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