Stocks To Watch: Bharti Airtel, Vodafone Idea, Indus Towers, Hindalco, Clariant Chemicals
Here are the stocks to watch in trade today..
U.S. equity futures slid Monday while bonds and crude oil surged amid heightened market uncertainty after Western nations unveiled harsher sanctions on Russia for the invasion of Ukraine.
Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.28% to 16,701 as of 6:50 am.
Rallies in a dollar gauge, gold and Treasuries underlined the demand for havens. The euro fell on worries about risks for Europe’s economy. Bitcoin held losses after retreating below $38,000.
Here are the stocks to watch in today's trade:
Biocon Biologics: To acquire Viatris' biosimilar assets for up to $3.335 billion in stock and cash.
Bharti Airtel: The company has entered into an agreement with Vodafone Group Plc to buy 4.7% stake in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear VIL’s outstanding dues.
Vodafone Idea: To consider raising funds by different modes or a combination of modes on March 3.
SJVN: The public sector undertaking has received in-principal approval for development of 400 MW solar park at District Kinnaur under Mode-8 of the Solar Park Scheme from the Ministry of New and Renewable Energy.
Bharat Petroleum: The company has appointed Sanjay Khanna as additional director and director (Rrefineries) for a term of five years.
Hindalco: The company has signed a share purchase agreement with Terrabel Empreedimentos Ltda, a Brazilian firm to divest entire equity shareholding in Hindalco Do Brasil Industria Comercio de Alumina, a wholly owned step-down subsidiary for a consideration of R$ 1 (one Brazilian real).
Metro: To consider declaration of interim dividend on March 7.
BEML: Shareholders approved demerger of identified surplus/non-core assets between the company and BEML Land Assets (Resultant company).
Shriram City Union Finance: To consider declaration of second interim dividend on March 8.
Sandhar: The company has infused additional funds of Rs 2,88,64,510 in Sandhar Amkin Industries, a joint venture between the company and Amkin Group, in return for 28,86,451 equity shares of Rs 10 each. Its shareholding in the JV now stands at 74.9%.
Patel Engineering: The company’s subsidiary Patel Energy Resources has sold its entire stake in Naulo Nepal Hydroelectric for Rs 11.53 crore.
Clariant Chemicals: Ashish Agarwal, interim chief financial officer of the company, tendered his resignation effective from April 20.
Sun TV: To consider declaration of interim dividend on March 7.
Duocon: The company has increased authorised share capital from Rs 25 crore to Rs 30 crore and recommended a bonus issue in proportion of 1:10. It also received fine notice from stock exchanges Rs 3 lakh for regulatory violation. The company has filed a waiver application in the case.
Earnings To Watch
Huhtamaki India
Vedant Fashions
Pledged Shares Details
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 3.45 lakh shares on Feb. 23.
Sun Pharmaceutical Industries: Promoter group Shanghvi Finance revoked a pledge of 54 lakh shares on Feb. 23.
Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust created a pledge of 4.07 lakh shares and revoked a pledge of 550 shares between Feb. 23 and Feb. 25.
Insider Trades
Chambal Fertilisers & Chemicals: Promoter SIL Investments bought 5,000 shares on Feb. 24.
Maharashtra Seamless:
Promoter group Raghav Jindal bought 35,900 shares between Feb. 22 and Feb. 23. Promoter Dharam Pal Jindal bought 16,700 shares on Feb. 23. Promoter Savita Jindal bought 26,000 shares on Feb. 23. Dharam Pal Jindal & Sons HUF bought 34,750 shares on Feb. 23.
Butterfly Gandhimathi Appliances: Promoter Group A Gandhimathi sold 5,900 shares between Feb. 13 and Feb. 19.
Confidence Petroleum India: Promoter group Essenn LPG Bottling bought 2.45 lakh shares on Feb. 22. Promoter group Confidence LPG Bottling bought 2.15 lakh shares on Feb. 22.
Manappuram Finance: Promoter group Jyothy Prasannan bought 12,825 shares on Feb. 24.
Vaibhav Global: Promoter group Brett Enterprises bought 2,500 shares on Feb. 24.
Apar Industries: Promoter Chaitanya N. Desai bought 8,165 shares on Feb. 24.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 2,500 shares on Feb. 24.
V-Guard Industries: Promoter Mithun K Chittilappilly bought 2,600 shares on Feb. 24.
Bajaj Auto: Promoter Group Maharashtra Scooters bought 14,000 shares on Feb. 24.
JTL Infra: Promoter Dhruv Singla sold 1.5 lakh shares on Feb. 23. Promoter Mithan Lal and Sons HUF sold 1 lakh shares on Feb. 23.
Promoter Rakesh Garg HUF sold 2 lakh shares on Feb. 23.
Alkem Laboratories: Promoter Dhananjay and Madhurima Singh Trust bought 1,050 shares on Feb. 23.
Star Cement: Promoter Sajjan Bhajanka bought 1.49 lakh shares on Feb. 24. Promoter Prem Kumar Bhajanka bought 1.13 lakh shares on Feb. 24.
MAS Financial Services: Promoter Kamlesh Chimanlal Gandhi bought 6,000 shares on Feb. 24.
Solara Active Pharma Sciences: Promoter group Karuna Business Solutions LLP bought 3,900 shares between Feb. 21 and Feb. 22.
Meghmani Organics: Promoter group Jagrutiben Lalitbhai Patel bought 56,000 shares on Feb. 24.
Bulk Deals
Advanced Enzyme Technologies: Nalanda India Equity Fund bought 12.73 lakh (1.13%) shares at Rs 289.61-289.86 apiece.
Butterfly Gandhimathi Appliances: Rajasthan Global Securities bought 1.44 lakh (0.8%) shares at Rs 1380.02 apiece. GEE BEE Securities sold 96,419 (0.53%) shares at Rs 1379.81 apiece.
Steel Exchange India: Societe Generale bought 5.3 lakh (0.6%) shares at Rs 214.48 apiece.
Nuvoco Vistas Corporation: BOFA Securities Europe SA sold 30.62 lakh (0.85%) shares at Rs 303 apiece.
Trading Tweaks
Price Band Revised From 20% To 10%: AGS Transact Technologies
Move Into Short-Term ASM Framework: Restaurant Brands Asia, AGS Transact Technologies
Move Out Of Short-Term ASM Framework: HSIL, Dhani Services
Record Date Interim Dividend: Power Finance Corporation
Ex-Date Bonus: Easy Trip Planners