Stocks To Watch: Coal India, Future Group, Jet Airways, NHPC, RBL Bank
Here are the stocks to watch in trade today..
India's stock benchmarks advanced for the fourth consecutive session on Wednesday aided by banking, metal and oil and gas stocks.
The S&P BSE Sensex rose over 0.6% to 60,223.15. This is the first time the 30-stock gauge close above 60,000 in over six weeks. The NSE Nifty 50 advanced by similar magnitude to 17,925.25.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.73% to 17,842.50, as of 7:00 a.m
Here are the stocks to watch in trade today:
Future Group: The division bench of the Delhi High Court ordered stay on arbitration proceedings between Amazon and Future Group entities FCPL and FRL.
Jet Airways: The company has given a clarification on new reports stating Captain Sudhir Gaur has resigned as the Interim CEO of Jet Airways. Capt. Gaur was employed in July 2021 as VP - Operations and designated as the Accountable Manager, the company said. Jet Airways is yet to appoint a CEO. On account of Capt Gaur’s resignation, the company has appointed Captain Priyapal Singh as the new Accountable Manager.
NHPC: Promoters agreement signed between NHPC and Green Energy Development Corporation of Odisha Limited on Jan. 4 for formation of joint venture company for development of 500 MW floating solar power projects in various water reservoirs in Odisha. NHPC will hold 74% stake in JV and the rest will be held by GEDCO.
RBL Bank: Gross advances rose 3.5% in Q3 to Rs 59,941 crore over the preceding quarter. Retail advances were flat while wholesale advances grew 8% sequentially. These are provisional numbers.
Rohit Ferro-Tech: The company has defaulted on loans of Rs 2,638.28 crore till Dec. 31.
Rupa and Company: NCLT Mumbai has sanctioned the scheme of arrangement between Oban Fashions and Rupa & Company and their respective shareholders and creditors, with effect from April 1, 2021.
Coal India: India coal production at 74.78 million tonnes in December.
Fortis Healthcare: Emqore seeking more than $6.5 billion in damages from defendants; IHH says Emqore claim linked to Indian unit Fortis.
Union Bank of India: Starts lending in alternate reference rate.
Upcoming Results
Tata Elxsi: To announce Q3 results on Jan. 18.
Persistent Systems: To announce Q3 results on Jan. 20.
Route Mobile: To announce Q3 results on Jan. 27.
Pledged Share Details
Jindal Steel & Power: Promoter group Jargo Investments created a pledge of 74.30 lakh shares on Dec. 17.
MEP Infrastructure Developers: Promoter group AJ Tolls invoked a pledge of 37 lakh shares between Dec. 30 and Dec. 31.
Insider Trades
JK Cement: Promoter Group Kalpana Singhania sold 2,401 shares between Dec. 23 and Dec. 24.
Star Cement: Promoter Group Snigdha Chamaria bought 31,000 shares on Dec. 31.
Bulk Deals
Orient Green Power Company: Axis Bank sold 45 lakh (0.60%) shares at Rs 22.80 per share and sold another 38 lakh (0.51%) shares at Rs 22.4 apiece.
GTL Infrastructure: IDBI Trusteeship Services sold 21.24 crore (1.68%) shares between Rs 2.37-2.38 per share.
Who's Meeting Whom
Shree Renuka Sugars: To meet investors on Jan. 6.
Sansera Engineering: To meet investors and analysts on Jan. 7.
Sanghi Industries: To meet ICICI Prudential MF and Nippon Mutual Fund on Jan. 6. The company will meet SBI MF and SBI Life Insurance Company on Jan 7.
Persistent Systems: To hold investor/ analyst call on Jan. 21.
Trading Tweaks
Ex-Date Interim Dividend: Mazagon Dock Shipbuilders
Record Date Amalgamation: Gateway Distriparks
Move Out Of Short-Term ASM Framework: RattanIndia Power, Kingfa Science & Technology (India), Trigyn Technologies, Gravita India
Move Into ASM Framework: HPL Electric & Power