Stocks To Watch: Airtel, Ujjivan Small Finance, Infosys, Kaveri Seed, Kotak Mahindra Bank, Max Healthcare
India’s stock benchmarks closed almost unchanged on Wednesday after hitting record highs in intraday trade, as gains in metals, energy, FMCG and tech stocks were offset by the losses in financials, realty and pharmaceutical stocks.
The S&P BSE Sensex pared all the intraday gains to close little changed at 55,944.21. The 30-stock index rose to record 56,198.13 in intra-day trade.
The NSE Nifty 50 also closed almost unchanged at 16,634.65, a record close for the 50-stock index. Nifty 50 hit a record 16,712.45 in intra-day trade. Reliance Industries Ltd. contributed the most to the index gain, increasing 0.9 percent. Adani Ports & Special Economic Zone Ltd. had the largest increase, rising 3.7 percent.
Here are the stocks to watch in trade today:
Ujjivan Small Finance Bank: Board has appointed Carol Furtao as officer on special duty. Furtado to manage day-to-day affairs at the bank, till Nitin Chugh's exit on September 30. Furtado to be appointed as interim CEO after September 30, subject to RBI approval. Furtado's appointment at the bank is subject to her resigning as CEO of Ujjivan Financial Services. Ujjivan Small Finance Bank board to evaluate candidates for MD & CEO role parallelly and submit two names to the RBI for approval.
Bharti Airtel: Board of Directors to meet on August 29 to consider raising funds through equity, equity-linked or debt instruments or any combination of these, the company said.
Max Healthcare Institute: Board approved an additional investment of Rs 50 crore by way of subscription towards Rights Issue of equity shares of Alps Hospitals, a wholly owned subsidiary of the company.
WABCO India: Offer for sale for non-retail investors gets 233% demand as compared to the shares on offer. Demand at indicative price of Rs 6,965.73 per share. The OFS opens for retail investors today.
Kotak Mahindra Bank: To actively seek inorganic growth opportunities in the Indian financial services space. This could be in businesses or assets that enables it to expand its market share and increase customer base, said Chairman Prakash Apte. Further, the Group aims to expand its market share in Indian financial services by increasing the customer base across the Group, and enhancing customer experience, which will lead to higher cross-selling of products, thereby contributing to the future growth and profitability, he added.
Future Retail: Appointed Sadashiv Nayak as Chief Executive Officer of the company with effect from August 25.
Infosys: To set up a new digital development centre at its largest Canadian office in Mississauga. The company aims to create 500 jobs in the Toronto Region over the next three years.
Kaveri Seed Company: Approved buyback of equity shares up to Rs 120 crore at a price up to Rs 850 per share.
Bank of India: Approved the opening of QIP on August 25 and the floor price of Rs 66.19 per equity share. The floor price is at a premium of 1.98% to Wednesday’s closing price.
Earnings Post Market Hours
Procter & Gamble Hygiene and Health Care Q4FY21 (QoQ)
Revenue up 4% at Rs 786.59 crore Vs Rs 759.66
Net profit down 50% at Rs 48.98 crore Vs Rs 98.33 crore
Ebitda down 42% at Rs 74.88 crore Vs Rs 128.69 crore
Margins at 9.5% Vs 16.9%
Recommended a final dividend of Rs 80 per equity share
Pledge Share Details
Aurobindo Pharma: Promoter K Nityananda Reddy revoked pledge of 5.45 lakh shares on August 23.
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 2.50 lakh shares on August 20.
Dynamatic Technologies: Promoters (Udayant Malhoutra, Wavell Investments and JKM Holdings) revoked pledge of 4.75 lakh shares on August 24.
Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 10.84 lakh shares between August 20-23.
Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 38 lakh shares on August 19.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 15.30 lakh shares on August 23.
Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP created a pledge of 13.86 lakh shares on August 24.
As reported on August 25.
Capacite Infraprojects: Think India Opportunities Master Fund LP sold 6.16 lakh shares (0.91%) at Rs 144.61 per share.
Greenply Industries: Promoter Showan Investment bought 60 lakh shares (4.89%) at Rs 177.75 per share. Promoter Prime Holdings sold 60 lakh shares (4.89%) at Rs 177.75 per share.
Inter Se Transfers
Jubilant Pharmova: Rare Enterprises sold 50 lakh shares (3.15%) at Rs 594.35 per share. Rekha Jhunjhunwala bought 25 lakh shares (1.57%) at Rs 594.35 per share. Rakesh Jhunjhunwala bought 25 lakh shares (1.57%) at Rs 594.35 per share.
Adani Green Energy: Promoter Infinite Trade and Investments bought 19.80 lakh shares on August 24.
Aditya Birla Fashion and Retail: Promoter IGH Holdings bought 25,000 shares on August 18.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 34,600 shares between August 23-24.
Eris Lifesciences: Promoter Amit Bakshi bought 34,534 shares between August 20-24.
Federal-Mogul Goetze (India): Promoter IEH FMGI Holdings LLC sold 8,643 shares on August 20.
Grasim Industries: Promoter IGH Holdings bought 1.55 lakh shares between August 18-20.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 80,191 shares on August 24.
KEI Industries: Promoter Anil Gupta sold 2.10 lakh shares between August 23-25.
LG Balakrishnan & Bros: Promoter V Rajvirdhan sold 1.72 lakh shares between August 20-24.
Mangalore Chemicals & Fertilizers: Promoter Adventz Finance bought 8,231 shares on August 24.
Nirlon: Promoter Shitaltrading & Interirors sold 5,000 shares on August 24.
Sudarshan Chemical Industries: Promoter Rahul Rathi sold 9.80 lakh shares on August 24.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 69,544 shares on August 20.
Who’s Meeting Whom
IIFL Finance: To meet Aditya Birla Capital on August 26.
PI Industries: To meet Ambit Capital on August 26.
Manappuram Finance: To meet Enam AMC on August 26.
VIP Industries: To meet HDFC Standard Life Insurance and Kotak on August 26.
Sudarshan Chemical Industries: To meet Kotak Institutional Equities on September 2.
Ex-Date AGM: PNB Housing Finance, Likhitha Infrastructure, Suprajit Engineering, IPCA Laboratories, Ganesha Ecosphere, AIA Engineering, Allsec Technologies, KCP, Edelweiss Financial Services
Ex-Date Dividend: AIA Engineering, Electrosteel Castings, Ganesha Ecosphere, KCP, Kirloskar Brothers, Kalyani Steels, Likhitha Infrastructure
Ex-Date Final Dividend: Edelweiss Financial Services, Indo Count Industries, Multi Commodity Exchange of India, Suprajit Engineering
Ex-Date Interim Dividend: GRM Overseas
Ex-Date Buy Back: R Systems International
Record Date Buy Back: Star Cement
Record Date Interim Dividend: Polyplex Corporation, DB Corp
Record Date Final Dividend: Hikal
Move Into Short-Term ASM Framework: Prime Focus, Sadbhav Infrastructure Project