ADVERTISEMENT

All You Need To Know Going Into Trade On November 30

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>A woman is silhouetted as she balances during morning exercise. (Photographer: SeongJoon Cho/Bloomberg)</p></div>
A woman is silhouetted as she balances during morning exercise. (Photographer: SeongJoon Cho/Bloomberg)

Asian stocks rose early Tuesday after U.S. shares rebounded amid easing concerns among equity investors about the impact of the omicron coronavirus strain on global reopening.

Shares climbed in Japan, Australia and South Korea. U.S. futures pushed higher after the S&P 500 wiped out its November losses and the technology-heavy Nasdaq 100 more than recouped Friday’s rout.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.24% at 17,131 as of 7:00 a.m.

The picture was different in Treasuries, which dipped but retained much of the haven rally induced by the virus. Federal Reserve Chair Jerome Powell said omicron poses risks to both sides of the central bank’s mandate for stable prices and maximum employment.

The yen weakened and a dollar gauge was steady. Crude oil advanced. Separately, traders are awaiting purchasing-manager indexes from China to assess the outlook for the world’s second-largest economy.

All You Need To Know Going Into Trade On November 30

Stocks To Watch

  • Go Fashion India: The company will make a debut on bourses today.

  • Reliance Capital: RBI has superseded the board of the company. RBI action owing to various defaults to creditors and serious governance concerns at Reliance Capital. Nageswar Rao Y, ex-executive director of Bank of Maharashtra, appointed as administrator. The central bank will initiate insolvency proceedings against the company.

  • Union Bank of India: RBI has imposed a penalty of Rs 1 crore on the bank. Penalty imposed due to non-compliance with RBI’s directions on fraud classification and sale of stressed assets. The bank failed to classify an account as a red flag account, did not disclose ageing of security receipts.

  • Ratnamani Metals & Tubes: The company has received new domestic orders aggregating to Rs 297.87 crore from the oil & gas sector, to be executed between February 2022 to January 2023.

  • NTPC: The wholly-owned subsidiary of the company, NTPC Renewable Energy, has signed power purchase agreements for 325 MW solar projects.

  • Coal India: Approved interim dividend of Rs 9 per share.

  • Tatva Chintan Pharma Chem: As a part of future need, the company has acquired an industrial land admeasuring 50,399.16 square metre at Dahej-III GIDC Estate, Gujarat.

  • Mastek: Mastek U.K. has been awarded a healthcare contract of £45 million by National Health Services Digital.

  • James Warren Tea: The company has approved a proposal to buy back 8.42 lakh shares at Rs 295 per share aggregating to Rs 24.86 crore.

  • KSS: The company approved the divestment of its entire equity shareholding in material wholly-owned subsidiary K Sera Sera Box Office by way of sale to Birla Financial Distribution.

  • Spandana Sphoorty Financial: The company has appointed Nitin Agrawal as interim CEO and Amit Mittal as interim CFO with effect from November 29.

Opinion
RBI Supersedes The Board Of Reliance Capital

Offerings

  • Star Health and Allied Insurance Company’s IPO will open for subscription today.

  • SEBI has approved the initial share sales of VLCC Health Care, Metro Brands, CE Info Systems, Data Patterns India, India1 Payments, Electronics Mart India, Healthium Medtech, Godavari Biorefineries, AGS Transact Technologies and Gemini Edibles and Fats.

Opinion
VLCC Health, Metro Brands, Eight Other Firms Get SEBI Nod For IPO

Pledge Share Details

  • Ajanta Pharma: Promoter Aayush Agrawal created a pledge of 3 lakh shares on November 25. As reported on November 29.

Insider Trades

  • Aditya Birla Capital: Promoter Birla Group Holdings bought 5 lakh shares on November 23.

  • Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 58,646 shares between November 25-26.

  • Grasim Industries: Promoter IGH Holdings bought 2.40 lakh shares between November 23-25.

  • Star Cement: Promoter Sarika Jalan sold 63,420 shares between November 23-26.

Who’s Meeting Whom

  • Allcargo Logistics: To meet Centrum PMS on November 30.

  • Apollo Tyres: To meet Investec Capital Services (India) on November 30.

  • Shoppers Stop: To meet DSP Black Rock Mutual Fund on November 30.

  • Computer Age Management Services: To meet various analysts and investors on November 30.

  • Sansera Engineering: To meet various analysts and investors on November 30.

  • DCM Shriram: To meet Aequitas Investment Consultancy on November 30.

  • Indian Energy Exchange: To meet Mirae Asset Life on November 30.

  • Tata Consumer Products: To meet Stewart Investors on November 30 and Phillip Capital (India) on December 2.

  • Manappuram Finance: To meet Invesco AMC on November 30 and Duro Capital on December 1.

  • Nuvoco Vistas Corporation: To meet Fidelity International on November 30.

  • UltraTech Cement: To meet Amundi Asset Management on November 30.

  • Brigade Enterprises: To meet Emkay Global on December 1.

  • Tata Motors: To meet Discovery Capital and Fidelity International on December 1.

  • Voltas: To meet ICICI Securities on December 1, Enam Asset Management Company on December 6 and Dam Capital on December 10.

  • Sterlite Technologies: To meet Alliance Bernstein LP, Petercam SA, and Legal and General Group on December 1.

  • Sobha: To meet Emkay Global Financial Services on December 2.

  • Stove Kraft: To meet institutional investors on December 2.

  • Tatva Chintan Pharma Chem: To meet JM Financial on December 6.

Trading Tweaks

  • Ex-Date Final Dividend: Rail Vikas Nigam

  • Price Band Revised From 10% To 5%: HCL Infosystems

  • Move Into Short-Term ASM Framework: R Systems International

  • Move Out Of Short-Term ASM Framework: Suprajit Engineering

Money Market Update

  • The rupee ended at 75.09 against the U.S. Dollar on Monday as compared to Friday's closing of 74.87.

Analyst Actions

  • Axis Bank affirmed at 'BB+' by Fitch, outlook remains negative

  • Devyani rated 'new buy' at Jefferies; price target: Rs 185

  • ICICI Bank affirmed at 'BB+' by Fitch, outlook remains negative

Source: Bloomberg

F&O Cues

  • Securities in the ban list: India Bulls Housing Finance

All You Need To Know Going Into Trade On November 30