Stocks To Watch: Info Edge, Power Grid, Sanofi India, Vodafone Idea, Vedanta

Stocks fell Thursday on growing geopolitical tension after the Kremlin said separatists in eastern Ukraine asked President Vladimir Putin for help, a step that could lead to Russian troop deployments.

Equities declined in Japan, South Korea and Australia. US futures retreated following a technology slide that pushed the S&P 500 further into a correction. Treasuries, the US dollar and gold gained. Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 1.64% to 16,815 as of 7:15 am.

Oil pushed higher as traders while bitcoin slipped below $37,000.

Here are the stocks to watch in today's trade:

• Vodafone Idea: Vodafone Group Plc is in talks to sell around a 5% stake in Indus Towers Ltd. to Bharti Airtel Ltd., PTI reported. The deal is expected to be valued at more than Rs 3,300 crore, and the proceeds will be pumped into the Indian entity Vodafone Idea Ltd.

• Info Edge (India): The company has received NCLT approval for amalgamation of wholly owned subsidiary High Orbit Careers.

• Power Grid: The company will transfer 26% residual equity shareholding in Power Grid Vizag Transmission and relinquish its right on additional revenue accruing to PowerGrid Parli Transmission Power Grid Warora Transmission and PowerGrid Jabalpur Transmission under change in law to PGInvIT against upfront consideration.

• Vedanta: The Anil Agarwal-led miner will consider declaration of third interim dividend on March 2.

• SKF: CFO Anurag Bhagania has resigned.

• Federal-Mogul Goetze: Tenneco Inc, company’s holding company, has entered a merger agreement with Pegasus Merger, a wholly owned subsidiary of Pegasus Holdings.

Earnings Post Market Hours

Sanofi India Q3 FY22 (YoY)

• Revenue down 4% at Rs 687.9 crore Vs Rs 720.3 crore

• Net profit down 27% at Rs 90.4 crore Vs Rs 123 crore

• Ebitda down 24% at Rs 127.20 crore Vs Rs 167 crore

• Margin 18.5% Vs 23.2%

• Declared dividend of Rs 490 per share

Earnings To Watch

• KSB

• Linde India

• Vesuvius India

Offering

• Bikaji Foods International has sought SEBI’s approval for an initial public offering. It will sell about 2.93 crore shares in the IPO, a pure offer for sale, according to its draft red herring prospectus. Founders Shiv Ratan Agarwal and Deepak Agarwal will pare 25 lakh shares each.

Pledged Shares Details

• Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust revoked a pledge of 2.74 lakh shares on Feb. 22.

Insider Trades

• Chambal Fertilisers & Chemicals: Promoter SIL Investments bought 75,000 shares on Feb. 22.

• Mahindra & Mahindra: Promoter Group Yuthica Keshub Mahindra sold 12,000 shares on Feb. 22.

• Mastek: Promoter & Director Ashank Desai bought 2,000 shares on Feb. 18.

• Gujarat Ambuja Exports: Promoter Group Jupiter Corporate Services bought 20,000 shares on Feb. 22.

• KRBL: Promoter Groups Anil Mittal Family Trust, its trustee Anil Kumar Mittal, Arun Kumar Gupta Family Trust, its trustee Arun Kumar Gupta and Binita Gupta Family Trust, trustee Anoop Kumar Gupta bought 17,500 shares each on Feb. 22.

• Vaibhav Global: Promoter Group Brett Enterprises bought 3,000 shares on Feb. 22.

• Ramkrishna Forgings: Promoter Riddhi Portfolio bought 11,000 shares on Feb. 22.

• Alkem Laboratories: Promoter Dhananjay and Madhurima Singh Trust bought 2,000 shares between Feb. 21 and Feb. 22.

• Star Cement: Promoter & Director Sajjan Bhajanka bought 98,020 shares on Feb. 22.

Bulk Deals

• Butterfly Gandhimathi Appliances: Rajasthan Global Securities bought 1.63 lakh (0.91%) shares at Rs 1395.52 apiece.

Who's Meeting Whom

• HEG: To meet investors and analysts on Feb. 25

• Kesoram: To meet investors and analysts on Feb. 25

• Sanofi: To meet investors and analysts on Mar. 2

Trading Tweaks

• Price Band Revised From 10% To 5%: Jaiprakash Power Ventures

• Price Band Revised From 20% To 10%: Dhani Services, GE Power

• Move Into Short-Term ASM Framework: Dhani Services

• Record Date Interim Dividend: JB Chemicals & Pharmaceuticals, Bharat Dynamics, Hikal, Ashiana Housing

• Ex-Date Interim Dividend: Polyplex Corporation, Mrs. Bectors Food Specialities, Nureca, MOIL, Manappuram Finance, Natco Pharma, Mishtann Foods