Stocks To Watch: BPCL, Allcargo Logistics, RIL, RBL Bank, HDFC
Here are the stocks to watch in trade today...
India's stock benchmarks closed little changed as losses in information technology and pharma stocks offset the gains in auto, realty and banking stocks.
The S&P BSE Sensex closed largely unchanged at 60,077.88, a record close. The 30-stock index rose to a record 60,412.32 in intraday trade. The Nifty 50 closed flat at 17,855.10.
Here are the stocks to watch in trade today:
BPCL: Plans invest Rs 1 lakh crore over next 5 years in raising petrochemical production capacity, gas business, clean fuel, and augmenting marketing infrastructure, Chairman Arun Kumar Singh said during a conference. The company is also looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while also invest in biofuels and hydrogen, he added. The company plans to shut Bina plant for work next year; expects Mumbai plant to restart in first half of October. Divestment is expected by March.
Allcargo Logistics: The company is considering selling a stake in its container shipping firm ECU Worldwide, according to a Bloomberg report. The company is working with an adviser on the sale of the stake. Allcargo is seeking a deal that would value ECU at about $1 billion.
RIL: The company is in talks to buy a stake in Glance InMobi Pte, according to a Bloomberg report. RIL is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google.
Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary of the company, has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Adani Airport Holdings to own 74% of April Moon Retail.
Paisalo Digital: State Bank of India has signed a Service Level Agreement with the company, National Corporate Business Correspondent of the Bank, for promoting financial inclusion by providing banking services through kiosks.
RBL Bank: RBI has imposed Rs 2 crore penalty on the bank for contravention of norms on maintaining deposits and guidelines governing appointment of directors on board. RBL Bank had opened five savings deposit accounts in the name of a cooperative bank, RBI said. Report for inspection of supervisory evaluation for FY19 revealed non-compliance.
HDFC: Seeks to raise up to Rs 6,000 crore via issue of secured NCDs private placement.
NTPC: The company has won 1.9 GW solar projects under CPSU scheme.
Websol Energy System: The Websol Module has been approved by the Government of India under the list of Approved Module Manufacturer. The company has also received approval of its module from BIS and IEC61215. The ALMM list and BIS certification has made Websol modules eligible to be sold in the domestic market for the project approved under the various schemes of the government.
Offerings
Paradeep Phosphates has received SEBI's approval for an initial public offering.
Pledge Share Details
Sun Pharmaceutical Industries: Promoter Shanghvi Finance created a pledge of 27.50 lakh shares on September 23.
Sanghi Industries: Promoters (Alok Sanghi and Aditya Sanghi) created a pledge of 78.66 lakh shares on September 25. Promoter Ravi Sanghi HUF revoked pledge of 78.66 lakh shares on September 22.
As reported on September 27.
Bulk Deals
PSP Projects: Abakkus Emerging Opportunities Fund-1 bought 4.45 lakh shares (1.24%) at Rs 425.68 per share. Bellwether Capital sold 3.34 lakh shares (0.93%) at Rs 490.53 per share.
Greenlam Industries: Promoter Saurabh Mittal sold 2.41 lakh shares (1%) at Rs 1,400 per share. Hydra Trading bought 2.41 lakh shares (1%) at Rs 1,400 per share.
Inox Wind: Promoter Inox Chemicals LLP sold 1 crore shares (4.51%) at Rs 101.70 per share. Promoter Siddho Mal Trading LLP sold 97.66 lakh shares (4.40%) at Rs 101.70 per share. Promoter Siddhapavan Trading LLP bought 1 crore shares (4.51%) at Rs 101.70 per share. Devansh Trademart LLP bought 97.66 lakh shares (4.40%) at Rs 101.70 per share.
Insider Trades
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 50,000 shares on September 23.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 3,877 shares on September 24.
Brigade Enterprises: Promoter MR Shivram (HUF) sold 12,000 shares on September 23.
Glenmark Pharmaceuticals: Promoter Glenn Saldanha bought 9,800 shares on September 24.
Greenlam Industries: Promoter Saurabh Mittal sold 2.41 lakh shares on September 27.
NRB Bearings: Promoter Harshbeena Zaveri bought 71,891 shares between September 21-24.
Rajapalayam Mills: Promoter PV Nirmala Raju bought 25,130 shares on September 24.
Block Deals
GMR Infrastructure: Promoter GMR Enterprises sold 5.75 crore shares (0.95%) at Rs 36.3 per share. Hyderabad Jabilli Properties bought 5.75 crore shares (0.95%) at Rs 36.3 per share.
Trading Tweaks
Ex-Date AGM: BF Investment
Ex-Date Final Dividend: Bajaj Healthcare
Ex-Date Interim Dividend: Bajaj Holdings & Investment
Ex-Date Special Dividend: Bajaj Healthcare
Ex-Date Stock Split: Bajaj Healthcare
Record Date Stock Split: Indo Borax
Record Date Rights Issue: Bharti Airtel
Record Date Interim Dividend: Cosmo Films
Price Band Revised From 10% To 5%: Acrysil, Marathon Nextgen Realty
Move Out Of Short-Term ASM Framework: Yes Bank