Stocks To Watch: GMR Infra, Future Retail, RBL Bank, Aurobindo Pharma, Adani Enterprises
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United Spirits: Long-term rating upgraded to 'CRISIL AAA/Stable'; short-term rating reaffirmed; debt instruments withdrawn.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.
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.
CMS Info Systems: Mathew Cyriac sold 7,50,000 (0.50%) shares at the price of Rs 250.21 apiece.
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.
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