All You Need To Know Going Into Trade On January 3

Stocks To Watch

• Shriram Transport Finance: To upsize the GMTN Programme from existing $3 billion to $3.5 billion for issuance of bonds/notes in international markets. Company has also received necessary in-principle approval from Singapore Exchange Securities Trading.

• KNR Constructions: Transferred its 49% stake in subsidiary company KNR Shankarampet Projects Private Ltd. to Cube Highways and Infrastructure III for Rs 108.5 crore.

• Graphite India: ICRA reaffirmed the long-term rating at AA+ and short-term rating at Al+ on enhanced credit limit of Rs 1,400 crore for working capital facilities of the company. The outlook on the long-term rating has also been retained as stable.

• Exide Industries: Entered share purchase agreement between Cleantech India and Greenyana Solar for sale of its entire equity shareholding in Greenyana for Rs 5.24 crore.

• NBCC (India): Won contracts worth Rs 392 crore at NHM Lucknow and University of Delhi.

• Edelweiss Financial Services: Edelweiss Rural & Corporate Services, a wholly owned subsidiary has acquired 12.33% of compulsorily convertible preference shares of Allium Finance Pvt. Ltd. for Rs 11.36 crore.

• NTPC: First part capacity of 49.92 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer, Rajasthan, is declared commercially operable.

• United Spirits: Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed; debt instruments withdrawn.

• GMR Infrastructure: Merger of GMR Power Infra into GMR Infra and the demerger of non-airport business of GMR Infra into GMR Power and Urban Infra has become effective from Dec. 31 after NCLT clearance.

• RBL Bank: Confirms raising Rs 2,600 crore via certificate of deposits. Bank also released provisional data for 2021. Its total deposits rose 9.6% YoY to Rs 73,637 crore and CASA ratio stood at 34.4%.

• HDFC Life Insurance Company: IRDA approves acquisition of 100% of the equity share capital of Exide Life Insurance Company.

• Aurobindo Pharma: Approved the transfer of vaccines business undertaking in Unit-18 to Auro Vaccines Pvt. Ltd., a wholly owned subsidiary for Rs 300 crore and transfer of equity shares of Tergene Biotech Pvt. Ltd, a subsidiary, to Auro Vaccines Pvt. Ltd. for Rs 10.76 crore.

• CSB Bank: Slashes overnight MCLR from 7.6% to 7.5%.

• Punjab National Bank: Approved divestment of entire stake (20.9%) in India SME Asset Reconstruction Company Ltd.

• Adani Enterprises: Incorporates Adani New Industries Ltd. to take up projects around synthesis of low carbon fuels and chemicals and generation of low carbon electricity.

• Stove Kraft: To foray into branded modular kitchen segment from April 2022. To also enter into electric switches & accessories segment through acquisition of SKAVA Electric Pvt. Ltd. for Rs 4 crore.

• TVS Motor Company: Registered sales of 250,933 units in December 2021 as against sales of 272,084 units in the month of December 2020.

• Cyient: To hive off the software design radio division of the company to Innovation Communications Systems Ltd.

• Avenue Supermarts: Released Q3FY22 business update. Revenue stood at Rs 9,065 crore, up 18% QoQ. Company added 17 new stores in Q3 over Q2.

• Escorts: Total sales fell 34% in December.

• Eicher: Sales rose 50.6% in December.

• Tata Motors: Domestic passenger vehicle sales rose 18.54% in December.

• Maruti Suzuki: Total sales rose 10% in December.

• Future Retail: Company missed Rs 3,494.5 crore in payment to lenders under restructuring deal.