Stocks To Watch: GMR Infra, Future Retail, RBL Bank, Aurobindo Pharma, Adani Enterprises
Here are the stocks to watch in trade today...
India's stock benchmarks closed the year 2021, the best in four, on a positive note.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.13% to 17,416, as of 7:45 a.m.
Stocks To Watch
Shriram Transport Finance: To upsize the GMTN Programme from existing $3 billion to $3.5 billion for issuance of bonds/notes in international markets. Company has also received necessary in-principle approval from Singapore Exchange Securities Trading.
KNR Constructions: Transferred its 49% stake in subsidiary company KNR Shankarampet Projects Private Ltd. to Cube Highways and Infrastructure III for Rs 108.5 crore.
Graphite India: ICRA reaffirmed the long-term rating at AA+ and short-term rating at Al+ on enhanced credit limit of Rs 1,400 crore for working capital facilities of the company. The outlook on the long-term rating has also been retained as stable.
Exide Industries: Entered share purchase agreement between Cleantech India and Greenyana Solar for sale of its entire equity shareholding in Greenyana for Rs 5.24 crore.
NBCC (India): Won contracts worth Rs 392 crore at NHM Lucknow and University of Delhi.
Edelweiss Financial Services: Edelweiss Rural & Corporate Services, a wholly owned subsidiary has acquired 12.33% of compulsorily convertible preference shares of Allium Finance Pvt. Ltd. for Rs 11.36 crore.
NTPC: First part capacity of 49.92 MW out of 296 MW Fatehgarh Solar PV Project at Jaisalmer, Rajasthan, is declared commercially operable.
United Spirits: Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed; debt instruments withdrawn.
GMR Infrastructure: Merger of GMR Power Infra into GMR Infra and the demerger of non-airport business of GMR Infra into GMR Power and Urban Infra has become effective from Dec. 31 after NCLT clearance.
RBL Bank: Confirms raising Rs 2,600 crore via certificate of deposits. Bank also released provisional data for 2021. Its total deposits rose 9.6% YoY to Rs 73,637 crore and CASA ratio stood at 34.4%.
HDFC Life Insurance Company: IRDA approves acquisition of 100% of the equity share capital of Exide Life Insurance Company.
Aurobindo Pharma: Approved the transfer of vaccines business undertaking in Unit-18 to Auro Vaccines Pvt. Ltd., a wholly owned subsidiary for Rs 300 crore and transfer of equity shares of Tergene Biotech Pvt. Ltd, a subsidiary, to Auro Vaccines Pvt. Ltd. for Rs 10.76 crore.
CSB Bank: Slashes overnight MCLR from 7.6% to 7.5%.
Punjab National Bank: Approved divestment of entire stake (20.9%) in India SME Asset Reconstruction Company Ltd.
Adani Enterprises: Incorporates Adani New Industries Ltd. to take up projects around synthesis of low carbon fuels and chemicals and generation of low carbon electricity.
Stove Kraft: To foray into branded modular kitchen segment from April 2022. To also enter into electric switches & accessories segment through acquisition of SKAVA Electric Pvt. Ltd. for Rs 4 crore.
TVS Motor Company: Registered sales of 250,933 units in December 2021 as against sales of 272,084 units in the month of December 2020.
Cyient: To hive off the software design radio division of the company to Innovation Communications Systems Ltd.
Avenue Supermarts: Released Q3FY22 business update. Revenue stood at Rs 9,065 crore, up 18% QoQ. Company added 17 new stores in Q3 over Q2.
Escorts: Total sales fell 34% in December.
Eicher: Sales rose 50.6% in December.
Tata Motors: Domestic passenger vehicle sales rose 18.54% in December.
Maruti Suzuki: Total sales rose 10% in December.
Future Retail: Company missed Rs 3,494.5 crore in payment to lenders under restructuring deal.
Upcoming Results
Avenue Supermarts: To meet on Jan. 8 to consider Q3 results.
TCS: To meet on Jan. 12 to consider Q3 results and third interim dividend.
Mahindra Holidays & Resorts: To meet on Feb. 3 to consider Q3 results.
HDFC Life Insurance: To meet on Jan. 21 to consider Q3 results.
Pledge Share Details
Steel Strips Wheels: Promoter and Director Dheeraj Garg created a pledge of 10,84,000 shares on Dec. 29 and revoked pledge of 21,47,250 shares on Dec. 31.
Jindal Steel & Power: Promoter Group Siddeshwari Tradex Pvt. Ltd. created a pledge of 10,00,000 shares on Dec. 29 and Promoter Group OPJ Trading Pvt. Ltd. revoked a pledge of 19,06,475 shares on Dec. 28.
IIFL Wealth Management: Promoter and Director Karan Bhagat created a pledge of 16,000 shares on Dec. 31. Promoter Group Shilpa Bhagat created a pledge of 25,821 shares on Dec. 31.
Bulk Deals
CMS Info Systems: Mathew Cyriac sold 7,50,000 (0.50%) shares at the price of Rs 250.21 apiece.
Insider Trades
Grasim Industries: Promoter Group IGH Holdings Private Ltd. bought 2,28,000 shares between Dec. 24 and Dec. 28.
West Coast Paper Mills: Promoter Shree Satyanarayan Investments Company Ltd. bought 10,000 shares between Dec. 29 and Dec. 30.
Mukand: Promoter Group Bachhraj & Company Pvt. Ltd. bought 20,438 shares between Dec. 27 and Dec. 28.
Mayur Uniquoters: Promoter Kiran Poddar sold 2,00,000 shares on Dec. 29.
Vaibhav Global: Promoter Group Brett Enterprises Pvt. Ltd. bought 5,000 shares on Dec. 29.
Aditya Birla Capital: Promoter Group Birla Group Holdings Ltd. bought 2,50,000 shares on Dec. 24.
Gujarat Fluorochemicals: Promoter Group Inox Chemicals LLP sold 27,553 shares on Dec. 29.
Who’s Meeting Whom
Renaissance Global: Met Equentis Wealth Advisory Services on Dec. 30.
IndiaMart InterMesh: Met Aditya Birla Sun Life Insurance Company on Dec. 30.
Advanced Enzymes Technologies: To meet Vallum Capital on Jan. 4.
RBL Bank: Met Alpha Wave Global on Dec. 31.
Indraprastha Gas: Met DSP Blackrock on Dec. 31.
Trading Tweaks
Price Band Changed From 20% To 10%: Essar Shipping, Jubilant Industries, Nureca, Responsive Industries.
Price Band Changed From 5% To 10%: Manali Petrochemicals
Shortlisted In Short-Term ASM Framework Stage-I: Shyam Century Ferrous, Graphite India, Shriram EPC, MSP Steel & Power