Stocks To Watch: Dr. Reddy’s, Escorts, HCL Technologies, HUL, Maruti Suzuki, RBL Bank, Vedanta, Yes Bank

Asian stocks opened lower after a drop in U.S. equities, with investors digesting mixed corporate earnings and worsening economic data. Japanese shares slid as Tokyo traders returned from Golden Week holidays, and Korean equities dipped.

Here are the stocks to watch in trade today:

• Horlicks, GSK Group to sell 5.69 percent stake in Hindustan Unilever for $3.3-$3.5 billion. Offering price range between Rs 1,850-1,950 per share, for 13.37 crore shares and the offer price range is at discount of 3-8 percent to the closing price on May 6. Offering is done via secondary placement of shares. GSK Group will have completely offloaded their holding in HUL post deal and the expected trade date is May 7.
• Vedanta’s sale of over $1 billion stake in oil arm Cairn said to stall (Bloomberg News)
• Maruti Suzuki to restart production of vehicles at its Manesar plant from May 12.
• Dr. Reddy’s Laboratories received approval of celecoxib oral solution by USFDA. Drug is used to treat migraine.
• Aster DM Healthcare’s diagnostics arm has started covid-19 confirmatory tests in Bengaluru.
• TCS to provide digital banking solutions to US-based Continental Bank.
• Indian Overseas Bank reduced MCLR by 5-10 basis points across various tenors with effect from May 10. One-Year MCLR at 8.1 percent and Three-Year MCLR at 8.25 percent.
• BPCL: Numaligarh Refinery has awarded Rs 300 crore contract to Thysenkrupp (Bloomberg News)
• NHPC: Board approved raising debt of Rs 2,000 crore for the fiscal year 2021.
• Adani Transmission: Board to consider raising funds on May 9.
• Coal India slapped Rs 43.3 crore fine for illegal mining in Assam forest.
• Eicher Motors: Board approved appointment of Kaleeswaran Arunachalam as the Chief Financial Officer.
• HDFC to raise Rs 5,000 crore via NCDs.

Resumption Of Operations

• Maruti Suzuki
• Escorts
• Arvind Fashions
• Whirlpool
• Pidilite Industries
• TVS Srichakra
• Munjal Auto Industries
• Ganesha Ecosphere
• Cochin Shipyard
• Gabriel India
• Sundram Fasteners
• Talbros Engineering
• Lux Industries

Earnings Today

• HCL Technologies
• RBL Bank
• ICICI Securities
• Solara Active Pharma
• Cigniti Technologies,
• Cyient
• Gillette
• SKF
• 5 Paisa Capital

Bulk Deals

• Apollo Pipes: Promoter Sameer Gupta acquired 1.51 lakh shares (1.15 percent) at Rs 315.01 per share
• Supreme Petrochem: Promoter Supreme Industries acquired 10.68 lakh shares (1.11 percent) at Rs 163.8 per share.

Pledged Share Details

• Wockhardt promoter Themisto Trustee released pledge of 73.5 lakh shares on May 6.

(As Reported On May 6)

Who’s Meeting Whom

• Tata Steel to meet Nippon MF and Morgan Stanley from May 8-11.

Trading Tweaks

• Move Into ASM Framework: Digicontent
• Move Into Short-Term ASM Framework: Healthcare Global Enterprises
• Move Out Of Short-Term ASM Framework: Nippon Life India Asset Management, Unichem Laboratories, Shreyas Shipping & Logistics, Aurionpro Solutions

Insider Trading

• Mindtree promoter Subroto Bagchi sold 2,000 shares on May 4

(As Reported On May 6)

F&O Cues

• Nifty May futures closed at 9,281, premium of 10 points versus 3 points premium
• Nifty May futures open interest down 6.3 percent, sheds 5.2 lakh shares in open interest
• Nifty Bank May futures closed at 19,672, premium of 22 points versus 25 points premium
• Nifty Bank May futures open interest up 6.8 percent, adds 94,000 shares in open interest
• Nifty Put Call Ratio at 1.3 versus 1.23 across all series

Nifty Weekly Expiry: May 7

• Max open interest on call side at 10,000 strike (19.2 lakh shares)
• Max open interest on put side at 9,000 strike (16.9 lakh shares)
• Active Options: 10,000 Call (-8 lakh shares), 9,200 Put (+3.7 lakh shares)

Nifty Monthly Expiry: May 28

• Max open interest on call side at 10,000 (14.9 lakh shares)
• Max open interest on put side at 9,000 (24.5 lakh shares)