All You Need To Know Going Into Trade On December 28
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Most Asian stocks rose Tuesday after S&P 500 posted its 69th record close this year.
Equities climbed in Japan but dipped in South Korea, while U.S. futures inched lower. Hong Kong will reopen after a holiday and Australia remains shut.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.40% to 17,175, as of 7:05 a.m.
The dollar was little changed. Crude oil held a rally while bitcoin hovered around $50,000.
Stocks To Watch
Siemens India: Joint venture between TRIL Urban Transport Pvt. Ltd., a Tata Group company and Siemens Project Ventures GmbH (subsidiary of Siemens Financial Services) under Public Private Partnership Route (PPP) will develop the metro corridor from Hinjewadi to Shivajinagar. The Joint Venture has formed a special purpose company called Pune IT City Metro Rail Ltd.. The order size of Siemens Ltd. is around Rs 900 crore.
Mahindra Logistics: Deal to acquire Meru seen closing before end of February.
United Spirits: The company’s strategic review of selected popular brands that started on Feb. 23, 2021 is ongoing. The review is expected to be completed by March 31, 2022.
Great Eastern Shipping Co.: Approved a proposal to buy back its own fully paid-up equity shares at Rs 333 apiece for Rs 225 crores.
Inox Wind Energy: Approved to create, offer, issue and allot on a preferential issue basis of up to 10,62,574 convertible warrants at an issue price of Rs 847 per warrant.
Shyam Metalics and Energy: Company has received “Consent to Operate” from State Pollution Control Board, Odisha to increase captive power generation at its Sambalpur unit. Following the clearances, the capacity at the unit will increase from 118 MW to 158 MW. It also received CTO from West Bengal Pollution Control Board for the scheduled capacity expansion at Jamuria plant. This expansion will add 0.25 million tons per annum of incremental capacity across steel products.
MOIL: Plans to buy back up to 3.38 crore shares at Rs 205 apiece.
Nucleus Software: To buy back up to 22,67,400 shares at Rs 700 apiece.
RBL Bank: Extends partnership with Bajaj Finance for co-branded credit cards till December 2026.
Axis Bank: RBI approved the re-designation of Rajiv Anand as the Deputy Managing Director till Aug. 3, 2022.
Bajaj Consumer Care: Launched new products "Bajaj 100% Pure Oils - Castor Oil, Olive Oil and Jojoba Oil".
Ajanta Pharma: To consider a proposal for buyback of its shares.
Mazagon Dock: To consider mid-year dividend.
Greenlam Industries: To consider fund raising plan including QIP
Ashok Leyland: Signed MoU with Shriram Auto Matt for used commercial vehicles business.
Electrosteel Castings: NCLT approves Shrikalahasthi Pipes amalgamation.
Somany Ceramics: NCLT approves amalgamation of Schablona India.
Offerings
SEBI approves the IPO proposals of Medanta brand-owner Global Health and pharmaceutical contract research organization Veeda Clinical Research. Both offers are a combination of offer-for-sale and fresh issue of shares.
Listings
Supriya Lifescience to list today. The issue was subscribed 71.47 times.
Insider Trades
Grasim Industries: Promoter Group IGH Holdings Ltd. bought 1,60,000 shares on Dec. 22 and Dec. 23.
Syngene International: Promoter Group Biocon Ltd. Employee Welfare Trust sold 12,000 shares on Dec. 23.
Bulk Deals
Bliss GVS Pharma: Prarthana Enterprises bought 7,52,570 (0.72%) shares at a price of Rs 112.12 apiece. Sathish Srinivas Nayak bought 9,13,010 (0.88%) shares at Rs 110.67 apiece and sold 9,02,692 (0.87%) shares at Rs 111.62 apiece.
Bombay Dyeing & Manufacturing Co.: QE Securities bought 11,41,384 (0.55%) shares at a price of Rs 109.72 apiece and sold 11,58,172 (0.56%) shares at Rs 109.84 apiece. HRTI Pvt. Ltd. bought 9,81,327 (0.47%) shares at Rs 108.55 apiece and sold 12,04,465 (0.58%) shares at Rs 108.95 apiece.
Gravita India: XTX Markets LLP bought 3,45,846 (0.50%) shares at Rs 280.23 apiece and sold 3,39,546 (0.49%) shares at Rs 280.76 apiece.
HP Adhesives: Vijay Jayantilal Sanghavi bought 1,15,000 (0.62%) shares at Rs 315 apiece. Saint Capital Fund sold 2,64,287 (1.43%) shares at Rs 315 apiece. B. W. Traders bought 1,25,649 (0.68%) shares at Rs 315 apiece. Moneywise Financial Services Pvt. Ltd. sold 1,60,000 (0.87%) shares at Rs 315 apiece.
RBL Bank: Surjective Research Capital LLP bought 38,93,140 (0.64%) shares at Rs 143.12 apiece and sold 38,93,919 (0.64%) shares at Rs 143.21 apiece. XTX Markets bought 78,64,830 (1.31%) shares at Rs 142.76 apiece and sold 78,56,787 (1.31%) shares at Rs 142.91 apiece. QE Securities bought 33,76,173 (0.56%) shares at Rs 143.3 apiece and sold 26,86,419 (0.44%) shares at Rs 142.59 apiece. Share India Securities Ltd. bought 44,18,556 (0.73%) shares at Rs 142.42 apiece and sold 44,10,958 (0.73%) shares at Rs 142.95 apiece. Graviton Research Capital bought 39,01,201 (0.65%) shares at Rs 144.65 apiece and sold 39,40,210 (0.65%) shares at Rs 144.7 apiece. Tower Research Capital Markets India Pvt. Ltd. bought 78,85,283 (1.31%) shares at Rs 143.24 apiece and sold 77,49,690 (1.29%) shares at Rs 143.47 apiece.
Reliance Communications: Topgain Finance Pvt. Ltd. bought 1,44,22,096 (0.52%) shares at Rs 3.84 apiece and sold 1,58,54,262 (0.57%) shares at Rs 3.77 apiece.
Block Deals
Sastasundar Ventures: Ashish Kacholia bought 2.25 lakh shares (0.70%) at a price of Rs. 447 per share. Microsec Vision Trust One sold 2.25 lakh shares (0.70%) at a price of Rs. 447 per share.
Who’s Meeting Whom
eClerx Services: Met Axis Mutual Fund on Dec. 27.
RBL Bank: Met DSP Investment Managers on Dec. 27.
Aster DM Healthcare: Met Ambit Capital on Dec. 27.
IIFL Finance: To meet Dalal and Broacha on Dec. 28.
Trading Tweaks
Price band Changed From 20% To 10%: Oswal Chemicals & Fertilizers, Emami Realty.
Shortlisted In Long-Term ASM Framework Stage-I: SEL Manufacturing Company, Emami Realty.
Shortlisted In Short-Term ASM Framework Stage-I: Smartlink Holdings, Cambridge Technology Enterprises, Aarvi Encon, BLB.
Money Market Update
The rupee ended at 74.99 against the U.S. Dollar on Monday as compared to Friday’s closing of 75.24.
Analyst Actions
Kajaria Ceramics: Nirmal Bang maintains ‘accumulate’ rating, target price at Rs 1,184.
F&O Cues
Nifty December futures ended at 17,118; a premium of 31.75 points.
Nifty December futures shed 10.31% and 19,406 shares in Open Interest.
Nifty Bank December futures ended at 35,150; a premium of 92.1 points.
Nifty Bank December futures added 2.32% and 1,800 shares in Open Interest.
Securities in the ban list: Escorts, Indiabulls Housing Finance, Vodafone Idea.
Securities added to the ban list: RBL Bank.
