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Stocks To Watch: Hero, Raymond, Mahindra Logistics, Coal India, Eicher Motors, RITES

Here are the stocks to watch in trade today...

<div class="paragraphs"><p>A person looks at a screen outside the BSE building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A person looks at a screen outside the BSE building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India's stock benchmarks advanced the most in over two weeks, aided by gains in metal, auto, banking and energy stocks. The S&P BSE Sensex rose over 1% on Wednesday to 57,684.79. The NSE Nifty 50 also advanced by similar magnitude to 17,166.90.

Here are the stocks to watch in trade today:

  • RITES: The Ministry of Railways has intimated the company that a new line between Belgam and Dharwad via Kittur, a new Shimoga-Shikaripura-Ranebennur line, and Tumkur-Devangere via Chitradurga new line project will not be executed by the company.

  • Raymond: Board of directors of JK Files & Engineering, a wholly-owned material subsidiary of the company, approved an initial public offering comprising of an offer for sale for Rs 800 crore.

  • Mahindra Logistics: The company and LOGOS have entered into a long-term lease agreement for 1.4 million square feet of warehouse facilities at the LOGOS Luhari Logistics Estate in Delhi NCR. Under the agreement, LOGOS will develop three Grade-A warehouses totaling 1.4 mmsf for the company at the LOGOS Luhari Logistics Estate.

  • Infosys: The company has extended its strategic collaboration with Proximus to digitally transform, develop, and maintain their IT applications with leading AI and automation solutions.

  • Maruti Suzuki India: Total production in November down 3.10% to 1,45,560 units Vs 1,50,221 units last year.

  • Coal India: Production in November up 4.1% year-on-year to 53.8 MT versus 51.7 MT. Offtake up 10.8% year-on-year to 56.8 MT versus 51.3 MT. These are provisional production and off-take numbers of CIL and its subsidiary companies for November.

  • JMC Projects (India): The company has secured new orders of Rs 1,795 crore. The orders include water supply projects in India of Rs 1,085 crore and B&F projects of Rs 710 crore.

  • IndiGrid Investment Managers: The consortium of IndiGrid 1 and IndiGrid 2 has received the letter of intent from REC Power Development and Consultancy to establish transmission system for evacuation of power from renewable projects in Osmanabad (1 GW) in Maharashtra on build, own, operate and maintain basis.

  • Jindal Steel & Power: Vijaya Gupta has taken charge as the CFO of the company.

  • MIRC Electronics: The company has appointed Deepak Sarawagi as interim chief financial officer with effect from December 1.

  • GAIL (India): The company has appointed Rakesh Kumar Jain as an additional director with effect from December 1, to hold the post of Director (Finance) and CFO.

  • Indiamart Intermesh: The company has bought a stake in Mynd Solutions for Rs 32.4 crore.

  • Reliance Industries: Reliance New Energy Solar completed acquisition of 100% shareholding of REC Solar Holdings AS from China National Bluestar (Group) Co Ltd.

November Auto Sales

  • Eicher Motors: Total Royal Enfield sales up 17.04% at 51,654 units Vs 44,133 units. Exports up 93.75% at 6,824 units Vs 3,522 units.

  • Hero MotoCorp: Overall sales fall 36.23% at 3,49,393 units Vs 5,47,970 units. Motorcycle sales down 34.93% at 3,29,185 units Vs 5,05,957 units. Exports up 1.61% at 20,531 units Vs 20,191 units.

    Comparison made on a month-on-month basis.

Offerings

Pledge Share Details

  • Apollo Hospitals Enterprise: Promoter K Vishweshwar Reddy revoked pledge of 50,000 shares on November 29.

  • Asahi India Glass: Promoter Brij Labroo revoked pledge of 10 lakh shares on November 26.

  • Aurobindo Pharma: Promoter group (Axis Clinicals, Trident Chemphar, and RPR Sons Advisors) revoked pledge of 15,000 shares on November 30.

  • Jindal Steel & Power: Promoter Siddeshwari Tradex revoked pledge of 10 lakh shares on November 26.

  • Tube Investments of India: Promoter Lakshmi Ramaswamy Family Trust created a pledge of 75,000 shares on November 29.

    As reported on December 1.

Bulk Deals

  • IIFL Finance: Smallcap World Fund Inc bought 1 crore (2.64%) at Rs 300 per share. Hamblin Watsa Investment Counsel sold 1.21 crore shares (3.21%) at Rs 300.04 per share.

Insider Trades

  • Aditya Birla Capital: Promoter Birla Group Holdings bought 5.40 lakh shares on November 25.

  • Bajaj Auto: Promoter Maharashtra Scooters bought 15,000 shares on November 30.

  • Meghmani Finechem: Promoters (Maulik Patel and Rameshbhai Patel) bought 35,000 shares on November 30.

  • Shoppers Stop: Promoter Neel Raheja bought 8,827 shares on November 29.

  • Somany Home Innovation: Promoters (Rajendra Somany and Somany Impresa) bought 1.50 lakh shares on November 29.

Who’s Meeting Whom

  • Mangalam Organics: To meet analysts and investors on December 2.

  • CARE Ratings: To meet Artisan Partners on December 2.

  • Brigade Enterprises: To meet ICICI Prudential MF on December 3.

  • Symphony: To meet HDFC AMC on December 9.

Trading Tweaks

  • Ex-Date Bonus Issue: Apollo Pipes

  • Ex-Date Final Dividend: Bajaj Steel Industries

  • Move Into Short-Term Asm Framework: Panacea Biotec

  • Move Out Of Short-Term ASM Framework: Fino Payments Bank