Stocks To Watch: Coal India, Indian Hotels, Jubilant FoodWorks, LIC Housing Finance, PFC
Here are the stocks to watch in trade today...
India stocks ended higher, helped by gains in energy and information technology companies, while shares of Adani pared losses after denying a media report that some overseas investors' account were frozen. The S&P BSE Sensex reversed decline of as much as 1% to close 0.2% higher at 52,551.53 while the NSE Nifty 50 Index rose 0.1%, with both guages ending at a fresh record.
Here are the stocks to watch in trade today:
JSW Ispat Special Products: Promoter AION Investments Private II Ltd to sell up to 9.94 crore shares, representing 21.18% of the total equity share capital through an offer for sale. The floor price of Rs 27 per share is at discount of 52.92% to Monday’s closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.
SBI Cards and Payment Services: Approved allotment of 5,000 unsecured NCDs of Rs 10 lakh each aggregating to Rs 500 crore on private placement basis. The coupon rate is fixed at 5.55% per annum for a period of 3 years.
Care Rating: Securies Appellate Tribunal has reduced the Rs 1 crore penalty imposed by SEBI in 2020 to Rs 10 lakh. SEBI after conducting adjudication proceedings in relation to credit ratings assigned to one of customers had a imposed a penalty on the company.
Clariant Chemicals (India): Clariant AG has agreed to sell its pigments business to Heubach Group and SK Capital Partners at an enterprise value of CHF 805 million to CHF 855 million on a cash and debt free basis. Clariant will reinvest to become a 20% shareholder alongside Heubach and SK Capital in the ultimate holding company. The sale is expected to be completed in the first half of 2022.
NHPC: Signed a MoU with Bihar State Hydro-Electric Power Corporation for execution of 130.1 MW Dagmara HE Project in the state on ownership basis. The state government will provide a grant of Rs 700 crore for the project.
Zuari Agro Chemicals: Resumed production at Ammonia and Urea Plants at Zuarinagar in Goa on June 13.
Can Fin Homes: National Housing Bank has imposed a penalty of Rs 29.13 lakh plus applicable GST at 18%. The company had accepted individual deposits aggregating to Rs 14.56 lakh from five small depositors for a period of less than 12 months, in contravention of para 4 of the HFCs (NHB) Directions.
Ashiana Housing: Entered into development agreement for developing a residential project with a saleable area of 8,95,000 sq. ft. in Pune on revenue sharing basis.
Sagar Cements: To consider a proposal to sub-divide the face value of the equity shares from Rs 10 each into an appropriate amount on July 1.
Karur Vysya Bank: Revised its Base Rate to 8.45% from 8.25%. BPLR rate changed from 13.25% to 13.45%.
Power Finance Corporation: Incorporated Mohanlalganj Transmission as a wholly-owned subsidiary of PFC Consulting for development of transmission scheme associated with construction of 400/220/132kV GIS Substation at Mohanlalganj in Lucknow.
Earnings: Jubilant FoodWorks, LIC Housing Finance, Power Finance Corporation, Lemon Tree Hotels, Whirlpool of India, Easy Trip Planners, BLS International Services, Centum Electronics, Entertainment Network (India), Spencers Retail
Earnings Post Market Hours
Coal India Q4FY21 (Consolidated, QoQ)
Revenues up 12.7% at Rs 26,700.1 crore Vs Rs 23,686 crore (Bloomberg Estimate: Rs 26,367.4 crore)
Net profit up 48.6% at Rs 4,586.8 crore Vs Rs 3,085.4 crore (Bloomberg Estimate: Rs 4,841.5 crore)
Ebitda up 23.5% at Rs 6,382.11 crore Vs Rs 5,164.78 crore (Bloomberg Estimate: Rs 5,942.9 crore)
Ebitda margins at 23.9% Vs 21.8%
Recommended final dividend of Rs 3.50 per share
Pledge Share Details
Apollo Tyres: Promoter PTL Enterprises bought 1.42 lakh shares between June 2-9.
Gati: Promoter TCI Finance invoked pledge of 25,000 shares on June 10.
JSW Holdings: Promoter OPJ Trading revoked pledge of 1.17 lakh shares on June 9.
Laurus Labs: Promoter Chunduru Rao revoked pledge of 17 lakh shares on June 11.
Max Financial Services: Promoter Max Ventures Investment revoked pledge of 33.54 lakh shares between June 10-14.
SMC Global Securities: Promoter Pulin Investments created a pledge of 5 lakh shares between April 1 and June 14.
As reported on June 14.
Bulk Deals
Globus Spirits: Templeton Strategic Emerging Markets Fund sold 2.66 lakh shares (0.92%) at Rs 393.23 per share.
Zensar Technologies: DSP Mutual Fund bought 67.56 lakh shares (2.99%) at Rs 294.74 per share. Goldman Sachs India Fund bought 25.75 lakh shares (1.14%) at Rs 294.98 per share. Nippon India Mutual Fund bought 41.50 lakh shares at Rs 294.95 per share. Marina Holdco (FPI) sold 2.57 crore shares (11.41%) at Rs 295.16 per share.
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 11.
Accelya Solutions India: Promoter Accelya Group Bidco sold 21.81 lakh shares between June 10-11.
Shree Pushkar Chemicals & Fertilisers: Promoter Gautam Makharia bought 19,083 shares on June 10.
Valiant Organics: Promoter Hemchand Gala sold 1,153 shares on June 11.
Westlife Development: Promoter Makino Holdings sold 13.15 lakh shares between June 9-11.
Block Deals
HEG: Promoter Bharat Investments Growth bought 1 lakh shares (0.26%) at Rs 2,265 per share. Promoter Jhunjhunwala Ravi sold 1 lakh shares (0.26%) at Rs 2,265 per share.
V-Guard Industries: SBI Mutual Fund bought 50 lakh shares (1.16%) at Rs 265 per share. Promoter Chittilappily Kochouseph sold 50 lakh shares (1.16%) at Rs 265 per share.
Who’s Meeting Whom
Mahindra Logistics: To meet BOB Caps on June 15.
Radico Khaitan: To meet Principal AMC on June 17.
Tata Motors: To meet Capital International on June 15 and Capital World on June 18.
Max Healthcare Institute: To meet Spark Capital on June 15, Edelweiss Wealth on June 16 and HDFC Securities and Goldman Sachs (India) Securities on June 17.
Manappuram Finance: To meet Abu Dhabi Investment Authority on June 17.
Trading Tweaks
Ex-Date AGM: Bil Energy Systems, PIL Italica Lifestyle
Record Date Final Dividend: The Indian Hotels Company
Price Band Revised From 10% To 5%: Future Enterprises
Price Band Revised From 20% To 10%: Alok Industries, Deepak Fertilizers And Petrochemicals Corporation, eClerx Services, Fairchem Organics, Godawari Power & Ispat, Novartis India,
Move Into Short-Term ASM Framework: Alok Industries, Skipper, Jaiprakash Power Ventures, Future Consumer
Move Out Of Short-Term ASM Framework: Emami Paper Mills, Take Solutions, The Investment Trust Of India, Godawari Power & Ispat
Move Into ASM Framework: eClerx Services, Reliance Capital, Gateway Distriparks, Reliance Infrastructure, Hinduja Global Solutions