All You Need To Know Going Into Trade On December 21

U.S. equity futures and Asian stocks rose as investors evaluated the impact of curbs against the omicron virus variant and the outlook for President Joe Biden’s stymied economic agenda.

Equities climbed in Japan and South Korea and fluctuated in Australia. Longer-maturity Treasuries maintained a drop.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.98% to 16,822, as of 7:20 a.m.

The dollar was little changed and risk-sensitive currencies, such as those of commodity producers, held losses. Crude oil pared a tumble. Bitcoin hovered around $47,000 mark.

Stocks To Watch

• Wipro: Acquired cybersecurity consulting provider Edgile that focuses on risk and compliance, information and cloud security, and digital identity for Rs 1,745 crore.

• IRB Infrastructure: CCI approves acquisition of up to 16.94% equity share capital in the company by Bricklayers Investment (GIC).

• RailTel: Received work order from DRDO worth Rs 68.3 crore. The entire work is to be completed in a period of seven months.

• Kalpataru Power Transmission: Completed transfer of 49% stake (23% by Kalpataru and 26% by TEECL) in Kohima-Mariani Transmission Ltd. to Apraava Energy Pvt. Ltd.

• Rolex Rings: Entered into MoU with the Government of Gujarat for development of Textile & Apparel Park, IT Park and Toy Park at Gondal District with proposed investment of Rs 1,500 crore.

• Jubilant Ingrevia: Issued commercial papers of Rs 100 crore.

• Hatsun Agro Products: Commercial operations at ice cream manufacturing plant Telangana with a production capacity of 1 lakh kgs per day commenced.

• Welspun India: Secured an ESG rating of 48, which is 62% higher than the average industry score in a Dow Jones Sustainability Index.

• Bajaj Finance: Board to meet on Jan. 13 to consider Q3 results.

• Bajaj Holdings and Investments: Board to meet on Jan. 20 to consider Q3 results.

• Bharti Airtel: Loses net 4,89,709 mobile users in October: TRAI

• Reliance Industries: Reliance Jio adds net 1.76 million mobile users in October: TRAI.

• Vodafone Idea: Loses net 9,64,245 mobile users in October: TRAI

Offerings

• Supriya Lifesciences IPO subscribed 71.5 times on the final day.

• CMS Info Systems’ three-day offer to kick off today. Company raised Rs 330 crore from 12 anchor investors prior to the IPO.

Listings

• MapmyIndia (CE Info Systems) to list today. The issue was subscribed 154.7 times.

Insider Trades

• Grasim Industries: Promoter Group IGH Holdings bought 50,000 shares on Dec. 16.

• Thirumalai Chemicals: Promoter R. Parthasarathy bought 18,681 shares on Dec. 17.

• Indian Hotels Co.: Promoter Tata Sons bought 5,46,50,182 shares on Dec. 15.

• Bajaj Auto: Promoter Group Maharashtra Scooters bought 25,000 shares on Dec. 17.

• Aditya Birla Capital: Promoter Group Birla Group Holdings bought 2,50,000 shares on Dec. 15.

• Aptus Value Housing Finance India: Executive Director and CFO Parthasarathy Balaji bought 4,50,000 shares on Dec. 15.

• Aditya Birla Sun Life AMC: Director A Balasubramaniam bought 1,900 shares on Dec. 20.

Pledge Share Details

• Aptus Value Housing Finance India: Executive Director and CFO Parthasarathy Balaji created a pledge of 4,50,000 shares on Dec. 15.

Bulk Deals

• Shriram Properties: Nomura India Investment Fund bought 20,00,000 shares (1.11%) at Rs 95.53 apiece.

• Future Enterprises: Enam Finance bought 50,00,000 shares (12.7%) at Rs 11.6 apiece.

Who’s Meeting Whom

• Tata Consumer Products: To meet Point72 Asset Management on Dec. 21.

• Somany Home Innovation: To meet Dolat Capital on Dec. 21.

• Adani Enterprises: To meet Mahindra Manulife on Dec. 21.

• Clean Science and Technology: To meet Equentis Wealth on Dec. 21.

• ACC: To meet ICICI Prudential Mutual Fund on Dec. 21.

• The Phoenix Mills: Met Kotak Securities on Dec. 20.

• CSB Bank: Met Investec Capital Services (India) Pvt. Ltd. on Dec. 20.

• ICICI Lombard: Met GIC, Singapore on Dec. 20.

• ICICI Prudential: Met Segantii Capital Management on Dec. 20.

• RBL Bank: Met lshana Capital on Dec. 20.

• Yes Bank: Met Antique Stock Broking Ltd. on Dec. 20.

Trading Tweaks

• Price Band Changed From 10% To 5%: Hindustan Construction Company, Network18 Media & Investments.

• Price Band Changed From 20% To 10%: Steel Exchange India

• Shortlisted In Long-Term ASM Framework Stage-I: Borosil, Mindteck (India)

• Shortlisted In Short-Term ASM Framework Stage-I: Manaksia Aluminium Company, Burnpur Cement

Money Market Update

• The rupee ended at 75.91 against the U.S. Dollar on Monday as compared to Friday’s closing of 76.08.
  

Analyst Actions

• Shriram Transport: Macquarie cuts rating from ‘outperform’ to ‘neutral’, price target set at Rs 1,250.

• Aditya Birla Fashion & Retail: Anand Rathi Securities raises rating to ‘buy’ from ‘hold’, price target set at Rs 349.

F&O Cues

• Nifty December futures ended at 16,628.35; a premium of 14.15 points.

• Nifty December futures shed 5.69% and 12,436 shares in Open Interest.

• Nifty Bank December futures ended at 34,510; a premium of 70.15 points.

• Nifty Bank December futures shed 2.17% and 2,265 shares in Open Interest.

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

• Securities removed from the ban list: Vodafone Idea.

Top Research Reports

• Rewind 2021; Outlook, Top Stock Picks For 2022: HDFC Securities Retail Research

• India Infra Sector - An Undeniable Growth Opportunity Constrained By Fiscal Stress: Systematix

• Mahindra Logistics - Slowdown In The Auto Sector Poses Near-Term Challenges: Motilal Oswal

• No Immediate Impact Of RBI's PCA Framework On NBFCs: CareEdge's Insight

• Automobiles Sector Update - Valuing The Unvalued: Motilal Oswal