Stocks To Watch: Aurobindo Pharma, GR Infraprojects, ICICI Bank, Ruchi Soya, Tata Power
Here are the stocks to watch in trade today..
Asian stocks rose Tuesday after a climb in U.S. equities, a slump in crude oil and the prospect of more cease-fire talks between Russia and Ukraine helped to support investor sentiment.
Oil extended a slide, taking West Texas Intermediate crude to about $105 a barrel, on concerns that China’s mobility curbs against Covid will sap demand.
Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 index, rose 1.2% to 17,423.8 points as of 6:10 a.m.
The dollar trimmed a gain, while the yen was around a six-year low against the greenback on the divergence between the hawkish Fed and dovish Japanese central bank.
Here are the stocks to watch in today's trade:
Tata Power: The company and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across Mumbai Metropolitan Region.
GR Infraprojects: The company has emerged as L-1 bidder in financial bid opening for tenders invited by NHAI for two projects respectively—four-laning of the existing two-lane stretch from Govindpur to Rajura in Maharashtra and another four laning of existing two-lane stretch from Bamni to MH/TG border in Maharashtra.
Aurobindo Pharma: The company has approved the acquisition of business and certain assets of Veritaz Healthcare, a pharmaceutical industry selling branded generic formulations and other health care related products.
Piramal Group: The company approved allotment of 1,750 secured, rated, listed, redeemable principal protected, market linked non-convertible debentures—each having a face value of Rs 10,00,000 at a price of Rs 10,05,497 per debenture aggregating to Rs 175.96 crore on a private placement basis.
ICICI Bank: The bank has signed an agreement for investment in India Debt Resolution Company. ICICI Bank will buy 15% stake in IDRC for Rs 7.5 crore with the first investment of Rs 3 crore by March 31.
Zensar: The company has opened a global delivery centre in Kolkata. The centre will support global clients and leverage local talent.
Ruchi Soya: The Rs 4,300 follow-on public offer was subscribed 3.6 times on the final day on Monday. SEBI, however, allowed investors other than anchor buyers to withdraw their bids for the company's share sale citing misleading advertising, a rare such action.
Pledged Shares Details
Chambal Fertilisers & Chemicals: Promoter Simon India created a pledge of 12.50 lakh shares on March 23.
Orient Green Power Company: Promoter Janati Bio Power invoked pledge of 8.68 crore shares between Dec. 2021 and Jan. 2022.
Insider Trades
Mangalore Chemicals & Fertilizers: Promoter Akshay Poddar bought 16,072 shares on March 25.
GATI: Promoter Bunny Investments and Finance sold 35,000 shares between March 22-24.
Bulk Deals
Butterfly Gandhimathi Appliances: Rajasthan Global Securities bought 1.37 lakh (0.77%) shares at Rs 1378.12 apiece. LLM Appliances sold 1.78 lakh (0.99%) shares at Rs 1378.03 apiece.
Lemon Tree Hotels: Graviton Research Capital LLP sold 47.62 lakh (0.6%) shares at Rs 66.64 apiece. QE Securities sold 47.99 lakh (0.6%) shares at Rs 66.64 apiece.
MTAR Technologies: Fabmohur Advisors LLP sold 3.36 lakh (1.09%) shares at Rs 1769.14 apiece.
Genesys International Corporation: Ganapathy Viswhanathan Veembil sold 5 lakh (1.6%) shares at Rs 600 apiece.
Who's Meeting Whom
Nuvoco Vistas Corporation to meet Investors/Analysts on March 29
Tatva Chintan Pharma Chem to meet Mirae MF, have an investor conference and meet Sundaram on March 29. The company will have a meeting with Nippon, White Oak, UTI and Max Life on March 30.
Welspun Corp to meet Dhanki Securities on March 29.
UltraTech to meet Pacific Alliance Investment Management, Fidelity International, Wellington Management Company, T Rowe Price Investment Management, Aberdeen Asset Management, M&G Investment Management, and Franklin Templeton Asset Management on March 29.
Mahindra Holidays & Resorts India to meet Motilal Oswal on March 29.
Hindustan Zinc to meet Janus Henderson on March 29.
Gland Pharma to Meet Mirae Asset Mutual Fund, Sands Capital on March 30, Fiera Capital, Capital Group on March 31.
Trading Tweaks
Price Band Revised From 10% To 5%: Future Retail
Price Band Revised From 5% To 10%: Adani Total Gas
Move Out Of Short-Term ASM Framework: Avt Natural Products, Andhra Paper, Seshasayee Paper & Boards
Record Date Face Value Split: Goldiam International
Record Date Interim Dividend: Steel Authority of India
Ex-Date Interim Dividend: BEML, SBI Life Insurance Company, Housing & Urban Development Corporation, Sundaram Clayton
Ex-Date Annual General Meeting: Varun Beverages