Stocks To Watch: Dish TV, Cochin Shipyard, Nuvoco Vistas Corp, Triveni Turbine
India's stock benchmarks closed at record on Monday, aided by gains in I.T., realty & consumer durables stocks. The S&P BSE Sensex gained 0.29% to 58,296.91, while the NSE Nifty 50 climbed 0.31% to 17,377.80.
Here are the stocks to watch in trade today:
Dish TV India: YES Bank, which holds a 25.63% stake in Dish TV India, has sought the removal of five directors in the company, including Managing Director Jawahar Lal Goel. YES Bank has given a special notice under Section 169 of the Companies Act, 2013. The bank said the current board of directors of the company had approved a rights issue process despite the bank's objections solely to dilute its shareholding and to prejudice the interests of the bank.
Cochin Shipyard: Has emerged as the lowest bidder in the 6-vessel tender from the Indian Navy for the next generation missile vessels worth about Rs 10,000 crore and the formal contract signing is expected shortly, said Madhu Nair, Chairman & Managing Director.
VST Tillers Tractors: The company has entered into an agreement with Export Trading Group, for distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.
Triveni Turbine: Due to multiple disputes for over two years amongst joint venture partners, Triveni Turbine and DI Netherlands BV and Baker Hughes and its affiliates, General Electric Company and its affiliates, these parties agreed to terminate the joint venture agreement and finally resolved the multiple disputes amongst them. The JV stands terminated, as do all technology and brand licenses executed among the former JV partners. Further, the entire shareholding held by DI Netherlands BV in the equity share capital of GE Triveni has been acquired by the company for Rs 7.99 crore.
SVP Global Ventures: Approved the appointment of OP Gulia as CEO of the company.
Ashapura Minechem: Operations in Guinea continue to be normal despite certain political developments in Conakry, the capital of Guinea, since September 5, the company said. We continue to monitor the situation closely; all the employees of the Ashapura Group in Guinea remain safe and are in contact with the company, it added.
Starteck Finance: The company approved to sell 100% stake in subsidiary Starteck Housing Finance to Paripurna Trust and/or Matrabhav Trust for Rs 11.45 crore.
Earnings Post Market Hours
Nuvoco Vistas Corporation Q1FY22 (Consolidated, QoQ)
Revenue down 16% at Rs 2,202.97 crore Vs Rs 2,631.61 crore
Net profit up 2.05 times at Rs 114.28 crore Vs Rs 37.52 crore
Ebitda down 1% at Rs 514.29 crore Vs Rs 522.06 crore
Margins at 23.3% Vs 19.8%
Pledge Share Details
Arvind Fashions: Promoter Aura Securities created a pledge of 26 lakh shares on September 3.
Jindal Steel & Power: Promoter OPJ Trading revoked pledge of 17.10 lakh shares on August 31. Promoter Siddeshwari Tradex created a pledge of 2.50 lakh shares on September 3.
Orient Cement: Promoter Shekhavati Investments and Traders revoked pledge of 19.50 lakh shares on September 3.
As reported on September 6.
Elpro International: Promoter IGE (INDIA) bought 1.34 crore shares (7.95%) at Rs 55 per share. Promoter International Conveyors sold 1.34 crore shares (7.95%) at Rs 55 per share.
Balrampur Chini Mills: The company bought 11.29 lakh shares (0.54%) at Rs 366.53 per share.
Wonderla Holidays: Promoter Valuequest India Moat Fund sold 3.48 lakh shares (0.62%) at Rs 238.11 per share.
Adani Green Energy: Promoter Infinite Trade and Investments bought 5.20 lakh shares on September 3.
Jindal Steel & Power: Promoter Urmila Bhuwalka bought 27,736 shares between August 31-Spetember 3.
Lincoln Pharmaceuticals: Promoters (Munjal Patel and Ashish Patel) bought 60,000 shares on September 6.
Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 5,000 shares on September 3.
Man Infraconstruction: Promoter Mansi Shah bought 1.94 lakh shares on September 3.
Pidilite Industries: Promoter Mrudula Parekh sold 2 lakh shares between September 2-3.
RPSG Ventures: Promoter STEL Holdings bought 25,000 shares on September 3.
SBI Cards and Payment Services: Promoter SBI Life Insurance Company sold 3 lakh shares on September 3.
Sasken Technologies: Promoter Bharat Mehta bought 2,500 shares on September 3.
Who’s Meeting Whom
UltraTech Cement: To meet Amundi Asset Management on September 7.
Indoco Remedies: To meet Sameeksha Capital on September 16.
Rail Vikas Nigam: To meet Canara HSBC OBC Life, New Horizon, ITI MF, and TruEquity Adviors on September 8.
Ex-Date AGM: Prince Pipes And Fittings, Capri Global Capital, Shivalik Bimetal Controls, Dynamatic Technologies, Kewal Kiran Clothing, Swan Energy, Navkar Corporation, RSWM
Ex-Date Final Dividend: Anjani Portland Cement, Ashok Alco-Chem, KIOCL, Parag Milk Foods, Prince Pipes and Fittings, Shivalik Bimetal Controls, Triveni Turbine
Ex-Date Dividend: Axtel Industries, Capri Global Capital, Goodricke Group, Swan Energy
Record Date Final Dividend: Engineers India, Deccan Cements, CARE Ratings
Record Date Dividend: Heranba Industries
Price Band Revised From 20% To 10%: Delphi World Money
Move Into Short-Term ASM Framework: Repro India, Tinplate Company of India, BLS International Services