All You Need To Know Going Into Trade On December 22

The rebound in global equities moderated in Asia Wednesday amid rising concerns over the economic impact due to the spread of omicron strain. T

Equities in Japan were little changed while gains were modest in South Korea. U.S. futures fluctuated after S&P 500 snapped a three-day losing run. Nasdaq 100 gained nearly 2.5%.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.39% to 16,894, as of 7:00 a.m.

Elsewhere, crude prices rebounded with Brent hovering about $74 per barrel. Bitcoin held above $48,800.

Stocks To Watch

• Yes Bank: Approves proposal to raise up to Rs 10,000 crore via issue of new shares, debt or any other permissible mode.

• Burger King India: Seeks shareholder approval to raise Rs 1,500 via qualified institutional placement.

• JSW Energy: JSW Energy (Barmer) Limited, a wholly owned subsidiary of the company, has completed the buyback of shares aggregating to Rs 1,000 crore.

• Indian Oil Corp: Incident reported at Haldia Refinery. A flash fire led to burn injuries to 44 persons and 3 deaths.

• IRB Infrastructure: Executed concession agreement with NHAI for six-laning of Chittoor-Thachur highway worth Rs 909 crore.

• Indiamart InterMESH: To acquire 26.01% in EasyEcom (Edgewise Technologies) for Rs 13.35 crore.

• Sahyadri Industries: Approved interim dividend of Rs 3 per share for FY22.

• Windlas Biotech: Appointed Shailendra Rastogi as Chief Business Officer.

• CreditAccess Grameen: Approved further investment in Madura Micro Finance in the form of subordinate debt or perpetual debt instruments or both, up to Rs 250 crore.

• Central Bank of India, UGro Capital: Both companies entered into a strategic co-lending partnership to offer loans to MSME borrowers under priority sector.

• HCL: Signed a five-year agreement with CEMEX, a global construction materials company, for end-to-end transformation of IT lifecycle management.

• Zee Entertainment Enterprises: 90-day negotiation period with Sony Pictures Networks India over merger ended Tuesday. Final terms of the potential deal expected soon.

Offerings

• CMS Info Systems IPO subscribed 40% on day one.

• Asianet Satellite Communications seeks SEBI approval for Rs 765-crore IPO.
  

Listings

• Metro Brands to list today. The issue was subscribed 3.6 times.
  

Insider Trades

• IIFL Wealth Management: Promoter Group Kyrush Investments bought 50,000 shares on Dec. 21.

• Grasim Industries: Promoter Group IGH Holdings Pvt. Ltd. bought 85,000 shares on Dec. 17.

• Aditya Birla Capital: Promoter Group Birla Group Holdings Pvt. Ltd. bought 7,50,000 shares on Dec. 16.

• Gujarat Fluorochemicals: Promoter Group Inox Chemicals LLP sold 5,699 shares on Dec. 20.

• Gland Pharma: Company Secretary & Compliance Officer P Sampath Kumar sold 2,300 shares between Dec. 17 and Dec. 20.

• Page Industries: Promoter and Director Sunder Genomal sold 4,309 shares between Dec. 16 and Dec. 17. Promoter and Director Ramesh Genomal sold 4,326 shares between Dec. 16 and Dec. 17. Promoter and Director Nari Genomal sold 4,272 shares between Dec. 16 and Dec. 17.

• DCW: Promoter Pramod Kumar Jain sold 40,96,500 shares between Dec. 17 and Dec. 21. Promoter Ashish Jain bought 40,96,500 shares between Dec. 17 and Dec. 21.

• Kalpataru Power Transmission: Promoter and Director Mofatraj P. Munot bought 36,50,000 shares on Dec. 17. Promoter Group Kalpataru Properties Pvt. Ltd. sold 36,50,000 shares on Dec. 17.

• Goldiam International: Promoter Rashesh Manhar Bhansali sold 1,52,579 shares on Dec. 20. Promoter Group Shobhnaben Manharkumar Bhansali sold 16,708 shares on Dec. 20. Promoter Group Anmol R. Bhansali sold 54,929 shares on Dec. 20.

• Nitin Spinners: Promoter Redial Trading and Investment Pvt. Ltd. bought 45,000 shares on Dec. 20.

• Simplex Papers: Promoter Shreelekha Global Finance Ltd. sold 1,00,000 shares between Dec. 16 and Dec. 20.

• Star Cement: Promoter and Director Sajjan Bhajanka bought 63,969 shares on Dec. 20.

Pledge Share Details

• Omaxe: Promoter Guild Builders Pvt. Ltd. revoked a pledge of 76,27,325 shares on Dec. 17 and Dec. 20.

Bulk Deals

• MapmyIndia (CE Info Systems): Fidelity Investment Trust bought 3,18,100 shares (0.6%) at Rs 1,404.4 apiece. Goldman Sachs India Equity Portfolio bought 3,76,708 shares (0.7%) at Rs 1,392.9 apiece.

Block Deals

• Vedanta: Finsider International sold 67.9 lakh shares (1.8%) at Rs 334.1 apiece. Vedanta Holdings Mauritius II bought 67.9 lakh shares at Rs 334.1 apiece.

Who’s Meeting Whom

• Orient Electric: Met PhillipCapital (India) on Dec. 21.

• Shriram Transport Finance: Met Surveyor Capital on Dec. 21.

• Brigade Enterprises: To meet ​​Franklin Templeton Mutual Fund on Dec. 23.

• IndusInd Bank: Met Viking Global Investors, Samlyn Capital, East Bridge Capital Management on Dec. 21.

• Gland Pharma: To meet Arihant Capital on Dec. 22.

• SBI Cards and Payments: Met SBI Life Insurance Co. Ltd. on Dec. 21.

• Star Health and Allied Insurance: Met Genesis Investment Management and Duro Capital on Dec. 21.

• Tata Elxsi: To meet Prabhudas Lilladher on Dec. 22.

• Shriram City Union Finance: To meet Ruane, Cunniff & Goldfarb on Dec. 22, Matthews International Capital Management on Dec. 24 and East Bridge Capital Management Ltd. on Dec. 27.

Trading Tweaks

• Price Band Changed From 10% To 5%: NITCO

• Price Band Changed From 20% To 10%: MTNL

• Shortlisted In Long-Term ASM Framework Stage-I: Future Enterprises, Burnpur Cement.

• Shortlisted In Short-Term ASM Framework Stage-I: Future Enterprises, Medicamen Biotech.

Money Market Update

• The rupee ended at 75.91 against the U.S. Dollar on Tuesday as compared to Monday’s closing of 75.60.
  

Analyst Actions

• Gravita India: Emkay Global initiates coverage with ‘buy’, price target set at Rs 380.

• Godrej Consumer: Elara Securities raises rating to ‘buy’ from ‘accumulate’, price target set to Rs 1,087.

• Axis Bank: Systematix raises rating to ‘buy’ from ‘hold’, price target set at Rs 810.

• FIEM India: Cut to 'hold' at NMV Securities; price target set at Rs 1,277.

F&O Cues

• Nifty December futures ended at 16,814; a premium of 43.15 points.

• Nifty December futures shed 5.19% and 10,699 shares in Open Interest.

• Nifty Bank December futures ended at 34,727.50; a premium of 119.65 points.

• Nifty Bank December futures shed 8.05% and 8,220 shares in Open Interest.

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

• Securities added to the ban list: Zee Entertainment Enterprises

Top Research Reports

• Aditya Birla Fashion - Investing In New, Core Businesses: Anand Rathi

• HCL Technologies - Deep Value With Strong Catalysts Ahead: Prabhudas Lilladher

• AMCs - Dip In Valuation Multiples Disparate With Fundamental Trends: ICICI Securities

• Insurance - Health Remains Prime Mover In Non-Life While ULIPs Gain Life In Life Insurance: ICICI Securities

• TRAI October Data - Subscriber Base Remains Flattish; Reliance Jio Continues To Grow: Motilal Oswal