Stocks To Watch: Auto Stocks, GAIL, Hotel Stocks, IGL, Inox Leisure, Lupin, ONGC, Oil India, PVR, RIL

Stock trading in Asia got off to a slow start Thursday as an exchange outage in Japan and numerous markets shut for holidays meant a subdued beginning to the year’s final quarter. U.S. shares earlier finished higher after a volatile session. A technical system issue halted some equity trading in Japan early Thursday. Australian shares opened modestly higher, while China, Hong Kong, Taiwan and South Korea are shut for holidays.

Here are the stocks to watch in trade today:

• ONGC, Oil India, City Gas Distribution Stocks: Natural gas prices cut by 25% to $1.79/MMBTU from Oct. 1.New price for natural gas produced from domestic fields will be valid for six months beginning Oct. 1.The latest reduction in price brings it to a level last seen in 2010, when prices were set by the government. Gas ceiling price for difficult fields with high pressure and high temperature set at $4.06/MMBTU.
• Inox Leisure, PVR, Hotel Stocks: Government has allowed reopening of cinema halls, theatres, multiplexes with effect from Oct.15 with a maximum of up to 50% of their capacity.
• Lupin launched Lapatinib Tablets, after company’s alliance partner Natco Pharma received final approval for its ANDA from the United States Food and Drug Administration. Drug is used primarily for the treatment of certain types of breast cancer.
• Sanofi: Sanofi Pasteur India, vaccine unit of the company said it has launched a booster vaccine for preschoolers to protect against four major diseases -diphtheria, pertussis, tetanus and polio.
• Punjab National Bank has reported a borrowal fraud of Rs 1,203.26 crore in NPA account of Sintex Industries. Bank has already made provisions amounting to Rs 215.21 Crore, as per prescribed prudential norms.
• HDFC: National Housing Bank imposed a monetary penalty of Rs 1.5 lakh on the Corporation for non-compliance of the Housing Finance Companies Directions.
• Bank of Baroda has dissolved its wholly owned arm BOB (UK) in United Kingdom with effect from Sep.22. As on date, Bank has a wholesale branch and a wholly owned retail subsidiary viz. Bank of Baroda (UK).
• JMC Projects: Care Ratings has downgraded the rating of short term bank facilities from CARE A1+ to CARE A1. The revision in ratings is on account of high working capital intensity of operations which is likely to remain high amid heightened execution challenges due to Covid-19 pandemic along with continued funding requirement for company's underperforming operational toll projects.
• Infibeam Avenues has sold its 51% stake in its wholly owned arm Infibeam Logistics to Osia Hypermart Retail for Rs 19 crore.
• Shree Renuka Sugars will be commencing operations at its port based refinery at Haldia (West Bengal) in the first half of Oct., subject to receipt of all regulatory approvals. The Haldia refinery can refine up to 2,000 tons of raw sugar per day.
• Indian Bank: Base Rate revised from 9.15% to 8.3% and External Benchmark Lending Rate from 13.4% to 12.55% to be effective from Oct.3. MCLR and Policy Repo Rate linked External Benchmark Lending Rate remains unchanged.

IPO

• Mazagon Dock Shipbuilders: IPO subscribed 7.52 times on Day 2. Institutional subscription at 2.83 times, non-institutional investor subscription at 4.96 times and retail subscription at 15.53 times.
• Likhitha Infra: IPO subscribed 3.11 times on Day 2. Institutional subscription at 0.03 times, non-institutional investor subscription at 3.2 times and retail subscription at 7.47 times.
• UTI AMC: IPO subscribed 0.79 times on Day 2. Institutional subscription at 0.48 times, non-institutional investor subscription at 0.35 times and retail subscription at 1.15 times.
• Brookfield REIT has filed papers with SEBI for IPO.

Pledged Share Details

• Chambal Fertilisers & Chemicals promoter Zuari Global created pledge of 27 lakh shares on Sept.28
• Ajanta Pharma promoter Ravi P Agrawal created pledge of 11.5 lakh shares on Sept.29
• Siti Networks promoter Direct Satellite Holding invoked pledge of 50 lakh shares on Sept.25
• Zuari Agro Chemicals promoter Zuari Global created pledge of 5 lakh shares on Sept.25

(As Reported On Sep.30)

Who’s Meeting Whom

• Affle to meet Franklin Templeton, HSBC Securities and other investors from Oct.1 to 6.
• Dixon Tech to meet Credit Suisse, Barings Asia and Barings Asia from Oct.1 to 6.

Bulk Deals

• CG Power & Industrial Solutions: Habrok India Master acquired 40.58 lakh shares (0.65%) at Rs 24.01 per share.
• Usha Martin: Promoter Neutral Publishing House acquired 16.75 lakh shares (0.59%) at Rs 25.59 per share.
• Punjab Alkalies & Chemicals: Promoter Rupam Shalil Shroff acquired 1 lakh shares (0.82%) at Rs 600.25 per share.

Trading Tweaks

• Ex-Date For Share Split: Gujarat Ambuja Exports (face value split from Rs 2 to Rs 1 per share).
• Record Date Bonus Issue: Aarti Drugs (bonus 3:1).
• Price Band Revision From 20% To 10%: Advanced Enzyme Technologies.
• Listing: CAMS, Chemcon Speciality Chemicals.
• Move Into ASM Framework: E2E Networks, Anuh Pharma.
• Move Out Of ASM Framework: Indosolar, HDIL, Bartronics India, Gujarat Metallic Coal & Coke, PSL , Videocon Industries.
• Move Into Short Term ASM Framework: Ausom Enterprise, Manali Petrochemicals, Ramkrishna Forgings.
• Move Out Of Short Term ASM Framework: Kapston Facilities Management, Technocraft Industries, Tata Motors DVR.

Insider Trades

• Arvind promoter Aura Business Ventures acquired 14 lakh shares on Sept.29
• CCL Products promoters acquired 2.51 lakh shares from Sept.25 to 29
• Just Dial promoter Anita Mani acquired 2.33 lakh shares from Sept.25 to 28
• Dollar Industries promoter Dollar Holdings acquired 1.25 lakh shares on Sept.29

(As Reported On Sep.30)

F&O Cues

• Nifty October futures closed at 11,244; discount of 4 points versus premium of 16 points
• Nifty October futures Open Interest up 5%, adds 3.9 lakh shares in Open Interest
• Nifty Bank October futures closed at 21,435; discount of 17 points vs premium of 77 points
• Nifty Bank October futures Open Interest up 9%, adds 1.3 lakh shares in Open Interest

Options

• Nifty PCR at 1.35

Nifty Monthly Expiry: Oct 1

• Max Open Interest on call side at 11,400 (41.6 lakh shares)
• Max Open Interest on put side at 11,000 (41 lakh shares)
• Active options: 11,200 Put (8.7 lakh shares), 11,350 Call (6.5 lakh shares)

Nifty Monthly Expiry: Oct 29

• Max Open Interest on call side at 11,500 (18 lakh shares)
• Max Open Interest on put side at 10,500 (38 lakh shares)