Stocks To Watch: Airtel, Zomato, Future Enterprises, Ujjivan Small Finance Bank
Here are the stocks to watch in trade today...
India's stock benchmarks snapped a four-day losing streak, aided by gains in metal, power, PSU banking and realty stocks. The S&P BSE Sensex and NSE Nifty 50 indexes advanced in a session of two halves in which they declined over 1% in intraday trade before erasing losses. The Sensex rose 0.34% on Tuesday to 58,664.33. The Nifty 50 advanced 0.5% to 17,503.25.
Here are the stocks to watch in trade today:
Bharti Airtel: Moody's Investor Service has changed Bharti Airtel’s outlook to positive from stable. It affirmed Bharti Airtel’s long-term corporate family rating at Ba1. Positive outlook reflects Airtel’s improving operating performance and credit metrics, Moody’s said.
Zomato: Zomato South Africa Proprietary (Pty), a step-down subsidiary of the company, has initiated the process of deregistration.
Poonawalla Fincorp: Sanjay Chamria, Executive Vice Chairman of the company has stepped down from the board of directors of the company after serving as the co-founder since inception of the company.
Forbes & Company: Shareholders approved the composite scheme of arrangement between Requisite Aquaignis Technologies, Euro Forbes Financial Services, Eureka Forbes, Forbes & Company and Forbes Enviro Solutions and their respective shareholders.
Ujjivan Small Finance Bank: The RBI has approved the appointment of Banavar Prabhakar, Independent Director, as part-time Chairman of the bank for a period of 3 years w.e.f. November 23.
Srikalahasthi Pipes: NCLT approved the Scheme of Amalgamation of the company with Electrosteel Castings with effect from the appointed date of October 1, 2020.
Future Enterprises: The Brickwork Ratings India has downgraded the rating of company’s NCDs to D from C.
KDDL: The company has increased its stake in Kamla Tesio Dials to 69.79% from 49.10%. The company has acquired 2.06 lakh shares of KTDL.
Balaji Amines: Production in the DMF plant has started after carrying out all the rectifications. On October 6, the DMF plant was shutdown because of a minor incident.
Pledge Share Details
Ajanta Pharma: Promoter Ravi Agrawal revoked pledge of 1.75 lakh shares on November 22.
As reported on November 23.
Bulk Deals
Vedanta: Vedanta Netherlands Investments B.V. bought 5 crore shares (1.35%) at Rs 349.7 per share. Promoter Twin Star Holdings bought 8.78 crore shares (2.36%) at Rs 349.7 per share.
Kirloskar Pneumatic Co.: HDFC Mutual Fund sold 5.23 lakh shares (0.81%) at Rs 392 per share.
Block Deals
HCL Technologies: Vama Sundari Investments (Delhi) bought 39.50 lakh shares (0.15%) at Rs 1,110 per share. Promoter HCL Avitas sold 39.50 lakh shares (0.15%) at Rs 1,110 per share.
Insider Trades
Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 51,500 shares between November 18-22.
Mangalore Chemicals & Fertilizers: Promoter Akshay Poddar bought 1 lakh shares on November 18.
Meghmani Finechem: Promoter Kalpanaben Patel bought 11,750 shares on November 22.
Who’s Meeting Whom
UltraTech Cement: To meet Aditya Birla Sunlife Insurance and Point 72 Asset Management on November 24.
ACC: To meet Franklin Templeton on November 24.
Nuvoco Vistas Corporation: To meet BNP Paribas MF and Elara Securities on November 24.
Gokaldas Exports: To meet SBI MF on November 24.
Blue Star: To meet Hillfort Capital and IIFL Securities on November 25 and Capital Global on November 30.
Crompton Greaves Consumer Electricals: To meet Fidelity Management Research on November 25, White Oak Advisors on November 30 and Invesco Mutual Fund on December 1.
Butterfly Gandhimathi Appliances: To meet IDFC Mutual Fund on November 25.
IIFL Finance: To meet Phillip Capital on November 26.
Trading Tweaks
Ex-Date Interim Dividend: National Aluminium Co., Power Finance Corporation, Amara Raja Batteries, Crisil, Gujarat Pipavav Port, Granules India, Gujarat Themis Biosyn, Hinduja Global Solutions, Manappuram Finance, Polyplex Corporation, Rashtriya Chemicals & Fertilizers, RITES
Ex-Date Special Dividend: Gujarat Themis Biosyn, Morganite Crucible (India)
Record Date Interim Dividend: Computer Age Management Services, Natco Pharma, Cochin Shipyard, Hindustan Aeronautics, Likhitha Infrastructure, Oil India
Move Into Short-Term ASM Framework: Fino Payments Bank
Move Into ASM Framework: JBM Auto