Stocks To Watch: Bank Of Baroda, Reliance Nippon, Strides Pharma, Vadilal Enterprises

Asian stocks posted modest gains Tuesday as the erratic trade narrative turned hopeful, lifting U.S. equities. Shares climbed in Tokyo and Seoul, and were little changed in Sydney.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.25 percent to 11,080 as of 7:30 a.m.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Here are the stocks to watch in today’s trade.

Stocks To Watch

• Reliance Nippon Life Asset Management: Nippon Life Insurance increased its stake by 10.59 percent to 53.46 percent. As per the press release, Nippon will continue to run the company and its operations without any change in its structure and management.
• Pidilite Industries has entered into joint venture with engineering technologies company Chetana. The JV company will be responsible to deploy technology in the field of Post Compressed Aerated Concrete Wall Panels in projects in India, Sri Lanka and Bangladesh. The company shall be the majority partner in this JV.
• Bank of Baroda: Board approved issuance of bonds aggregating Rs 2,150 crore.
• Kajaria Ceramics: Board approved merger of wholly-owned arm Kajaria Tiles with the company.
• Strides Pharma Science to be excluded in F&O Segment with effect from Nov. 1.
• LIC Housing Finance: Fidelity Group reduced stake in the company from 9.76 percent to 3.14 percent on Aug. 22.
• Sastasundar Ventures: Mitsubishi Corporation signed an agreement to invest Rs 100 crore in company’s digital healthcare platform.
• HDIL to appeal against National Company Law Tribunal order, after the tribunal passed on order to admit the company under Insolvency and Bankruptcy Code proceedings.
• Excel Crop Care to be suspended from trading with effect from Aug. 29, due to composite scheme of amalgamation. The company will be amalgamated into Sumitomo Chemical India Limited.
• Kingfa Science & Technology has started trial production of its new factory in Pune.
• IL&FS Transportation Networks defaulted in payment of non-convertible debentures interest aggregating to Rs 2.3 crore, which was due on Aug. 26.
• Vadilal Enteprises: Care Ratings downgraded long term bank facilities to ‘BBB’ from ‘BBB+’.
• Bajaj Hindusthan Sugar: All 13 lenders signed the inter-creditor agreement for the resolution of the company’s debt. The company has got a standstill of 180 days and the required resolution plan needs to be implemented as per RBI rules during the said time period.
• Kamdhenu Paints has re-opened its paint’s production facility in Rajasthan.

TRAI Data

• Bharti Airtel: Telecom operator’s revenue market share increases for the first time in last five quarters to 30 percent.
• Reliance Jio’s revenue market share increases, but a slower pace. The Mukesh Ambani-promoted company is now the largest telecom operator in India with market share of 31.7 percent
• Vodafone Idea’s revenue market share slipped to 28 percent

Pledge Share Details

• Sun Pharma promoter Shanghvi Finance created pledge of 50 lakh shares on Aug. 22.
• Kalaptaru Power Transmission promoters created pledge of 49 lakh shares on Aug. 23.
• JSW Steel promoter group created pledge of 1.41 crore shares on Aug. 20.
• Asian Paints promoter Rayirth Holdings revoked pledge of 10 lakh shares and created pledge of 7.6 lakh shares from Aug. 21-28.
• Emami promoter groups created pledge of 6.25 lakh shares on Aug. 21.

Trading Tweaks

• Alembic record date for demerger.
• Mawana Sugars, Sanwaria Consumer to move into ASM Framework.
• R.P.P. Infra Projects, 63 Moons Technologies to move into short term ASM Framework.
• Birla Cable, Omax Autos, Websol Energy System to move out of short term ASM Framework.
• Gallantt Ispat price band revised to 10 percent.
• CG Power and Industrial Solutions, GFL, Unitech price band revised to 5 percent.

Who’s Meeting Whom

• Cipla to meet Kotak Institutional Equities, ICICI Securities and other investors from Aug. 27-30.
• Greaves Cotton to meet HDFC Securities on Aug. 27.
• Thyrocare Technologies to meet Saif Partners on Aug. 27.
• MCX to meet ICICI Pru Life Insurance on Aug. 27.
• Eris Lifesciences to meet Franklin Templeton MF on Aug. 27.
• Mahindra Logistics to meet Emkay Global on Aug. 27.

Insider Trading

• JSW Steel promoter Vividh Finvest acquired 6.5 lakh shares from Aug. 20-21.
• Usha Martin promoter Peterhouse Investments sold 2 lakh shares from Aug. 20-22.
• Vodafone Idea promoter group Pilani Investment acquired 25 lakh shares on Aug. 22.
• MEP Infra Developers promoter Anuya Mhaiskar acquired 4.35 lakh shares from Aug. 22-23.
• Lemon Tree Hotels promoters acquired 19 lakh shares from Aug. 22-23.
• Spencer’s Retail promoter group Castor Investments acquired 1.5 lakh shares from Aug. 22-23.

Money Market Update

• The rupee hit the lowest in nine months to close at 72.02/$ versus 71.66/$ on Friday.

F&O Cues

Futures

• Nifty August futures closed at 11,054, discount of 3.6 points versus premium of 13.4 points
• Nifty futures across series open interest up 1 percent, adds 1.5 lakh shares in OI.
• Bank Nifty futures closed at 27,921.5, discount of 29.8 points versus premium of 57 points.
• Bank Nifty futures open interest across series down 7 percent, sheds 1.3 lakh shares in OI.
• Rollovers: Nifty 24 percent, Nifty Bank 23 percent.

Options

• Nifty PCR unchanged at 1.20 versus 1.02 (across all series).

Nifty Monthly Expiry Aug. 29

• Max open interest on call side at 11,000 (31.5lakh shares).
• Max open interest on put side at 11,000 (34.4lakh shares).
• Open interest addition seen at 10,900P (+13.4lakh shares), 11,000P (+10.5lakh shares).
• Open interest shedding seen at 11,000C (-14.5lakh shares), 10.900C (-8.4lakh shares).