Stocks To Watch: IndiGo, Future Retail, HDFC, Gulf Oil, PSU Banks
Here are the stocks to watch in trade today..
U.S. equity futures and Asian stocks fell Monday as investors shifted to havens including bonds and gold amid geopolitical concerns.
Nasdaq 100 contracts shed 1%, while stocks in Japan, Australia and South Korea retreated. Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.76% to 17,148.50 as of 6:30 a.m.
Here are the stocks to watch in today's trade:
InterGlobe Aviation: Promoter Rakesh Gangwal has resigned from the board of directors of the IndiGo airline operator with immediate effect. Gangwal in a letter to the board said he plans to slowly dilute his holding in the company over the next five years.
Future Retail: The company has paid $14 million as interest for the half year on 5.60% Senior Secured Notes (USD). The company had missed the payment that was due on Jan. 24.
Gulf Oil Lubricants: The company will buy back 14,16,667 shares, representing 2.8% of the total paid up capital, at Rs 600 apiece.
HDFC: Srikanth Nadhamuni resigned from the mortage lender's board as non-executive non-independent director, citing a potential future transaction between HDFC Bank Ltd. and an entity where he might be interested.
Kansai Nerolac Paints: The company has appointed Anuj Jain as the managing director for a term of five years after retirement of Vice Chairman and Managing Director HM Bharuka.
Canara Bank: The bank has subscribed to 1,20,000 shares of Debt Resolution Company for 14.9% stake which will be reduced to 5% by March 31, 2022.
Union Bank: The bank has subscribed to 99,000 shares of Debt Resolution Company for 12.3% stake which will be reduced below 10% in due course.
State Bank of India: India's largest lender has subscribed to 99,000 shares of Debt Resolution Company for 12.3% stake which will be reduced to 5% by March 31, 2022.
Bank of Baroda: The bank has subscribed to 99,000 shares of India Debt Resolution Company for a 12.3% stake which will be diluted to 9.9% by March 31, 2022.
Punjab National Bank: The bank has subscribed to 90,000 shares of Debt Resolution Company for 11.8% stake which will be reduced to 5% in due course.
Bank of Maharashtra: The bank has subscribed to 50,000 shares of Debt Resolution Company for 6.21% stake which will be reduced to 4% by March 31, 2022.
Gujarat Mineral Development: The company has received an amendment to its environment clearance from the Ministry of Environment and Forest to mine up to a depth of 135 meters from its earlier approved depth of 94 meters at the Tadkeshwar, Lignite Mines.
Pledged Shares Details
Aurobindo Pharma: Promoter Group RPR Sons Advisors, Mrs. P. Suneela Rani (jointly holding) revoked a pledge of 7,000 shares on Feb. 15.
Inox Wind: Promoter Inox Wind Energy created a pledge of 18 lakh shares on Feb. 15.
Insider Trades
Chambal Fertilisers & Chemicals:
Promoter Group Ronson Traders bought 12,000 shares on Feb. 15
Promoter Group Yashovardhan Investment & Trading Co. bought 1.11 lakh shares between Feb. 15 and Feb. 16. Promoter SIL Investments bought 25,000 shares on Feb. 17.
Maharashtra Seamless: Promoter Group Sudha Apparels bought 11,926 shares between Feb. 15 and Feb. 16.
Asahi India Glass: Promoter Group Ashok Kanhayalal Monga sold 2,500 shares on Feb. 3.
Aarti Drugs: Promoter & Director Prakash Moreshwar Patil bought 8,600 shares on Feb. 15.
Vaibhav Global: Promoter Group Brett Enterprises bought 2,000 shares on Feb. 17.
Gati: Promoter Group Bunny Investments and Finance sold 5,000 shares on Feb. 15.
Globus Spirits: Promoter Group Rambagh Facility Services LLP bought 19,200 shares on Feb. 16.
Star Cement: Promoter & Director Sajjan Bhajanka bought 39,869 shares on Feb. 17.
Fairchem Organics: Promoter Group FIH Private Investments sold 1,083 shares on Feb. 17.
Bulk Deals
Visaka Industries: Vigilance Security Servie sold 25 lakh shares, equivalent to 1.51% stake, at the price of 635.33 apiece.
India Infrastructure Trust: Tata Investment Corp. purchased 40 lakh (0.6%) units at Rs 98 apiece. Rapid Holdings 2 PTE sold 64 lakh (0.96%) units at Rs 98 apiece.
Trading Tweaks
Price band revised from 10% to 5%: Nitin Spinners
Moved out of short-term ASM framework: Metro Brands
Record date interim dividend: Aurobindo Pharma, Shyam Metalics and Energy, Amrutanjan Health Care
Record date buyback: Gulf Oil Lubricants India
Record date income distribution: Brookfield India Real Estate Trust REIT
Ex-date interim dividend: India Nippon Electricals, Coal India, SJVN, Kirloskar Oil Engines, Hero MotoCorp, Balkrishna Industries, Sundram Fasteners, Oil & Natural Gas Corporation, Tide Water Oil Company (India), Carborundum Universal, Coal India, Cochin Shipyard, IRCON International, Cummins India, Metropolis Healthcare, MTAR Technologies, Somany Home Innovation
Ex-date stock split: JBM Auto