All You Need To Know Going Into Trade On December 20

U.S. equity futures, Asian stocks and crude oil fell Monday amid concerns about more curbs to tackle the omicron virus variant and tightening of monetary policy.

Equities dropped in Japan, Australia and South Korea. Bond yields slid and gold edged higher as investors sought havens. The dollar was steady.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.32% to 16,964.50, as of 7:20 a.m.

Elsewhere, Bitcoin held a decline in a sign of the reduced interest for speculative investments as 2021 comes to a close.

Stocks To Watch

• Vakrangee: Vakrangee Digital Ventures Ltd., a subsidiary of the company ties up with Upstox to offer online trading account opening services.

• Mystic Electronics: To consider stock split of the equity shares of face value of Rs 10 on Jan. 4.

• GAIL, Gujarat Alkalies and Chemicals: Companies entered MoU for setting up 500 kilolitres per day bio ethanol plant in Gujarat and exploring other business opportunities of mutual interest.

• CEAT: CARE Ratings reaffirmed AA, A1+ and A1+ ratings to long-term banking facilities, short-term banking facilities and commercial papers, respectively.

• Hero MotoCorp: Launches Retail Finance Carnival, offers zero down payment, zero rate of interest and zero processing fee to customers.

• IRCON International: Entered into share subscription agreement with Ayana Renewable Power Private Limited to set up 500 MW solar power plant through joint venture.

• Safari Industries: Purchases land in Gujarat for setting up luggage manufacturing unit.

• IRB Infrastructure: Selected as contractor expressway construction in Uttar Pradesh. Contract is for Rs 6,555 crore. Total order book now stands at Rs. 19,210 crore including construction order book of Rs 12,677 crore, providing revenue visibility for the next three years.

• RBL Bank: Authorised to collect direct and indirect taxes.

• UltraTech Cement: Commenced operations from its bulk terminal at Kalamboli, Navi Mumbai. This is the 7th bulk terminal of the company.

• Kotak Mahindra Bank: To acquire 7.5% stake in Entroq Technologies Pvt. Ltd. for Rs 3 crore.

• Brookfield REIT: To acquire Seaview Developers for Rs 3,966.3 crore. Will get 4.5 million sq. ft. of office space in Noida.

• Future Retail, Reliance Industries: Competition Commission of India imposes a Rs 200 crore penalty on Amazon for failing to identify and notify strategic interest over Future Retail. Deal between Amazon and Future Retail revoked.

• Indiabulls Real Estate: Board to meet on Dec. 22 to discuss raising funds.

• NTPC: NTPC-Sail Power Co. to give Rs 100 crore interim dividend.

Offerings

• Supriya Lifesciences IPO subscribed 5.88 times on day 2.

• HP Adhesives IPO subscribed nearly 21 times on the final day.

Listings

Shriram Properties to list on Dec. 20. The issue was subscribed 4.6 times.

Insider Trades

• Grasim Industries: Promoter IGH Holdings Pvt. Ltd. bought 10,000 shares on Dec. 15.

• Indian Hotels: Promoter group Oriental Hotels Ltd. bought 83,599 shares on Dec. 15. Promoter group Tata Chemicals Ltd. bought 11,87,705 shares on Dec. 15. Promoter group Tata Industries Ltd. bought 73,919 shares on Dec. 15. Promoter group Tata Investment Corporation Ltd. bought 17,85,726 shares on Dec. 15.

• Aditya Birla Capital: Promoter group Birla Group Holdings Pvt. Ltd. bought 3.25 lakh shares on Dec. 13 and 14.

• IIFL Wealth Management: Promoter group Kyrush Investments bought 3,28,268 shares on Dec. 14.

• Gujarat Fluorochemicals: Promoter Group Inox Chemicals LLP sold 42,242 shares on Dec. 16.

Pledge Share Details

• Kalpataru Power Transmission: Promoter group Kalpataru Constructions Pvt. Ltd. created a pledge of 10 lakh shares on Dec. 14. Promoter group K C Holdings Pvt. Ltd. created a pledge of 14,79,010 shares on Dec. 14. Promoter group Kalpataru Properties Pvt. Ltd. revoked a pledge of 24,79,010 shares on Dec. 16.

Block Deals

• Kalpataru Power Transmission: Munot Mofatraj Pukhraj bought 36.5 lakh shares (2.4%) for Rs 370 apiece. Kalpataru Properties Pvt. Ltd. sold 36.5 lakh shares (2.4%) for Rs 370 apiece.

Bulk Deals

• RateGain Travel Technologies: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 7,19,727 shares for Rs 361.71 apiece. Rajasthan Global Securities sold 9,35,105 shares for Rs 362.18 apiece. Edelweiss Mutual Fund sold 6,82,110 shares for Rs 360.7 apiece. Integrated Core Strategies Asia sold 8,78,838 shares for Rs 356.22 apiece.

Who’s Meeting Whom

• Valiant Organics: Met BP Wealth on Dec. 17.

• Escorts: Met Prabhudas Lilladher on Dec. 17.

• Blue Star: To meet Spark Capital, Centrum Securities on Dec. 22 and Enam AMC and Surveyor Capital on Dec. 24.

• IRCTC: Met Franklin Templeton and JK Capital on Dec. 14.

• RBL Bank: Met BofA Securities India on Dec. 16.

• ICICI Prudential: Met Wellington Management Company on Dec. 17.

• Shriram Transport Finance: Met CI Investments on Dec. 16. Met Millennium, Generation Investment Management LLP and East Bridge Advisors on Dec. 17.

• IndusInd Bank: Met Route One Investment Company, Solel Partners LP and NJM Ventures on Dec. 17.

• Persistent Systems: Met Baroda Mutual Fund on Dec. 17.

• TVS Motor: Met JM Financial Mutual Fund and SBI Mutual Fund on Dec. 17.

• Eclerx: Met Lazard Asset Management LLC on Dec. 17.

• IndiaMart InterMESH: Met Platinum Asset Management on Dec. 16.

Trading Tweaks

• Price Band Changed From 5% To 20%: Hinduja Global Solutions.

• Shortlisted In Long-Term ASM Framework Stage-I: Servotech Power Systems, Lyka Labs, Suvidhaa Infoserve, Morarjee Textiles.

• Record Date Interim Dividend: Vedanta.

• Shortlisted In Short-Term ASM Framework Stage-I: Borosil Renewables, Swan Energy, Borosil

Money Market Update

• The rupee ended at 76.08 against the U.S. Dollar on Friday as compared to Thursday’s closing of 76.09.
  

Analyst Actions

• Angel One: HDFC Securities initiates coverage with ‘buy’, price target set at Rs 1,770.

F&O Cues

• Nifty December futures ended at 17,022; a premium of 36.80 points.

• Nifty December futures added 0.91% and 1,970 shares in Open Interest.

• Nifty Bank December futures ended at 35,800.05; a premium of 181.40 points.

• Nifty Bank December futures added 11.98% and 11,160 shares in Open Interest.

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

• Securities added to the ban list: Indiabulls Housing Finance.

Top Research Reports

• ITC - Poised For Sustained Long-Term Value Creation: Axis Securities

• Construction Sector Check - Temporary Slowdown In Awarding, Construction Of Roads: Nirmal Bang

• State Of India's Economy, Prospects: CareEdge Analysis

• Tatva Chintan, Clean Science - ‘Smart, Green’ Chemistry: ICICI Securities Initiates Coverage