All You Need To Know Going Into Trade On December 14

Asian stocks were mixed Tuesday amid a host of central bank meetings, globally to arrest rise in inflation and risks to reopening due to the omicron virus strain.

Japanese stocks were volatile. Australian and South Korean shares slipped, while U.S. equity contracts advanced. The S&P 500 on Monday dropped from a record and the technology-heavy Nasdaq 100 underperformed. Treasuries and the dollar held gains.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.80% to 17,330, as of 7:10 a.m.

Focus shifts to the Fed policy decision due Wednesday that could induce volatility.

Elsewhere, crude oil held a retreat. Bitcoin traded in the vicinity of $47,000, over 30% fall from a November record high.

Stocks To Watch

• Ircon: Emerged as the lowest bidder for highway construction project in Punjab for Rs 1,107 crore. Completion period of the project is two years.

• TVS Motor: Incorporates TVS Electric Mobility Ltd. as a wholly owned subsidiary to undertake the electric mobility business.

• HFCL: Company raises Rs 600 crore via QIP issue. The board approved the issue and allotment of 8.72 crore shares to 21 qualified institutional buyers at the issue price on Rs 68.75 per share on Dec. 10. Trading of the newly allotted equity shares commences from today.

• Wipro: Announced Wipro VisionEDGE, an omni channel advertising solution, to expand its sports, retail, transportation, and entertainment offerings.

• Vedanta: Company and its group entities have settled the retrospective tax dispute with the Indian government following the amendments to the income tax law.

• Piramal Enterprises: Approved the amalgamation of Shrilekha Business Consultancy Pvt. Ltd. (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Ltd.

• Greenlam Industries: To invest Rs 950 crore over two to three years, towards setting up of a third laminate plant and foray into plywood and particle board business.

• BPCL: Ties up with Bhabha Atomic Research Centre to scale-up alkaline electrolyser technology for green hydrogen production. Company added that it has plans to expand its portfolio of renewable energy with solar, wind and biofuels and turn carbon-neutral by 2040.

• Stove Kraft: ICRA has reaffirmed both the long term and short term credit rating of the company and has revised the outlook to positive from stable.

• Exxaro Tiles: Incorporates wholly owned subsidiary company in the name of Exxaro Ceramic Ltd.

• ITC: To hold its first-ever institutional investors and financial analysts' day starting 10:30 a.m.

• PB Fintech: Incorporated wholly owned subsidiary to carry on the business of an account aggregator, which must be licenced by the Reserve Bank of India (RBI). Also approved acquisition of 70.1% stake in MyLoanCare Ventures Pvt. Ltd.

• Apollo Hospitals: About 7 lakh shares at Rs 5,050 apiece in a secondary placement are being offered by the seller, according to terms of the deal obtained by Bloomberg News. The floor price is at a 3% discount to the last close of Rs 5,206.7 apiece. The seller has no intention to sell for 60 days after the deal, according to the terms

• Crisil: Approved the scheme of amalgamation for merger of its wholly owned subsidiaries, CRISIL Risk and Infrastructure Solutions and Pragmatix Services Pvt. Ltd. with the company.

Listings

• Anand Rathi Wealth to list on the bourses today. The issue was subscribed 9.78 times.

Offerings

• Nandan Terry files papers with SEBI for Rs 255-crore IPO.

• MapMyIndia IPO ends offer with 154.7 times subscription.

• Metro Brands subscribed 52% on day two.

• MedPlus IPO subscribed 70% on day one.

• Data Patterns IPO to open today. Company raised Rs 176 crore from anchor investors by allotting 30.2 lakh shares at Rs 585 apiece.

• Amazon-backed More Retail considering IPO to raise up to Rs 3,780 crore, reports Bloomberg.

Pledge Share Details

• Kalpataru Power Transmission: Promoter group Kalpataru Constructions Pvt. Ltd. created a pledge of 25 lakh shares on Dec. 9. Promoter group K C Holdings Pvt. Ltd. revoked a pledge of 25 lakh shares on Dec. 10.

• Sun Pharma: Promoter group Shanghvi Finance Pvt. Ltd. revoked a pledge of 55 lakh shares on Dec. 9.

Insider Trades

• Kalpataru Power Transmission: Promoter group Kalpataru Properties Pvt. Ltd. disposed off 44.5 lakh shares on Dec. 9.

• Emami: Promoter group Midkot Investments Pvt. Ltd. bought 31,17,160 shares on Dec. 9.

• Aditya Birla Capital: Promoter group Birla Group Holdings Pvt. Ltd. acquired 7 lakh shares between Dec. 7 and 8.

• Gujarat Fluorochemicals: Promoter group Inox Chemicals sold 86,029 shares on Dec. 10.

Who’s Meeting Whom

• Balrampur Chini Mills: To meet Polunin Capital Partners on Dec. 15.

• Symphony: To meet Goldman Sachs on Dec. 17.

• Indian Energy Exchange: To meet Myriad Asset Management on Dec. 14, Millingtonia on Dec. 16, Fidelity Investments on Dec. 17, Axiom Investors on Dec. 21.

• UltraTech Cement: To meet GIC, Singapore and Vontobel Asset Management on Dec. 14.

• Escorts: Met L&T Mutual Fund on Dec. 13.

• SBI Cards & Payment Services: Met IIFL AMC on Dec. 13.

• EClerx: Met DSP Mutual Fund on Dec. 13.

• CAMS: To meet David Forward, Kayne Anderson Rudnick on Dec. 14 and White Oak Capital on Dec. 15.

• ICICI Prudential: Met Premier Miton and Temasek Holdings Pvt. Ltd. on Dec. 13.

• State Bank of India: Met Sinopec Sec, Taipei Fubon Bank, Taiching Bill, President Sec, E SUN Commercial Bank on Dec. 13.

• Voltas: To meet Credit Suisse and Morgan Stanley on Dec. 14 and Nomura and B&K Securities on Dec. 15.

• JM Financial: Met IDFC Mutual Fund on Dec. 13.

• Rallis India: To meet HDFC Life Insurance Company on Dec. 15.

• Pidilite Industries: To meet Axis Mutual Fund and LIC Mutual Fund on Dec. 15 and ENAM AMC on Dec. 23.

• Nuvoco Vistas Corp.: To meet OHM Equity Group, GeeCee Investments and Choice Equities on Dec. 14.

Trading Tweaks

• Price band changed from 20% to 10%: Agro Phos India, Hindustan Construction Co.

• Shortlisted In Long-Term ASM Framework Stage-I: Network18 Media & Investments, Capital Trust Limited.

• Shortlisted In Short-Term ASM Framework: Shree Ram Proteins, Reliance Communications, Windsor Machines, Coffee Day Enterprises, Onelife Capital Advisors, Ganesh Benzoplast.

• Ex-Date Interim Dividend: ​​Hindustan Zinc, NMDC

• Ex-Date Stock Split: TTK Prestige

Money Market Update

The rupee ended at 75.76 against the U.S. Dollar on Monday as compared to Friday’s closing of 75.78.

Analyst Actions

• Allcargo: BOB Capital Markets cuts rating from ‘add’ to ‘sell’, price target at Rs 281.

• Container Corporation of India: BOB Capital Markets raises rating from ‘sell’ to ‘hold’, price target at Rs 641.

F&O Cues

• Nifty December futures ended at 17,462; a premium of 93.75 points.

• Nifty December futures shed 2.01% and 4,451 shares in Open Interest.

• Nifty Bank December futures ended at 37,170; a premium of 244.75 points.

• Nifty Bank December futures shed 0.83% and 754 shares in Open Interest.

• Securities in the ban list: Escorts, Indiabulls Housing Finance, Vodafone Idea.

Top Research Reports

• India More Mobile Than Other Countries?: CareEdge's Analysis

• Mutual Fund Activity Report For November: ICICI Direct

• Consumer Durables Channel Check - Geographical Trends Across All Consumer Durables: Dolat Capital

• Minda Industries - Announces Fresh Round Of Capex, Investment Spends: ICICI Direct

• Medplus Health Services IPO - A Fast Growing Pharmacy Retailer: Reliance Securities