Stocks To Watch: HUL, M&M Financial Services, Reliance Industries, Tata Motors, Tech Mahindra

Asian stocks rose on the final day of the month amid optimism from corporate results and signs of progress in treating the coronavirus. The dollar held this week’s retreat. Japanese shares climbed about 2 percent, while gains were more modest in Sydney, with Hong Kong and Seoul shut for a holiday.

Here are the stocks to watch in trade today:

• M&M Financial Services: Manulife Investment Management (Singapore) acquired 49 percent stake in the company’s two wholly-owned arms Mahindra Asset Management and Mahindra Trustee. Share Agreement was executed on June 21, 2019. Manulife has invested Rs 265 crore in the 51:49 joint venture.
• Tata Motors: Jaguar Land Rover has restored three-fourth of its budgeted production in China.(Bloomberg News)
• Bajaj Finance allotted NCDs worth Rs 200 crore.
• Au Small Finance Bank to consider raising funds via share issue on May 2.
• Axis Bank has reappointed Rakesh Makhija as an independent director.
• Polycab to consider proposal for investment / acquisition of shares on May 2.
• Britannia has paid Rs 21.7 lakh to SEBI for settlement of non-disclosure case of Ness Wadia’s arrest.
• Bharti Airtel clarified that it has renewed its relationship with Nokia to boost its network capacity and customer experience and the announcement in this regard was made by Nokia only.
• Varroc Engineering: Ashwani Maheshwari resigned from the post of CEO with effect from April 29.
• Suven Pharma clarified that damages worth Rs 17 crore have been fully insured against the fire which took place at the company’s research and development lab in Jeedimetla unit. There has been no impact on the operations of the said unit.
• TD Power Systems has partially resumed its operations.
• Indian Bank has reduced MCLR by 30 basis points across various tenors with effect from May 3. One-Month MCLR at 7.55 percent and one-year MCLR at 7.8 percent.
• Punjab & Sind Bank : Board to seek shareholders nod raise Rs 500 crore via QIP route on May 5.

Earnings Today

• Reliance Industries
• Hindustan Unilever
• Tech Mahindra
• Aditya Birla Money
• Laurus Labs
• Apollo Tricoat Tubes
• Security and Intelligence Services
• ABB Power Products

Bulk Deals

• Cyient: Amansa Holdings acquired 21.1 lakh shares (1.92 percent) at Rs 205 per share and T.Rowe Price sold 30.12 lakh shares (2.74 percent) at Rs 207.02 per share
• RBL Bank: BNP Paribas Arbitrage acquired 29.79 lakh shares (0.59 percent) at Rs 125.42 per share
• Reliance Naval & Engineering: Yes Bank sold 90.86 lakh shares (1.23 percent) at Rs 1.28 per share

Pledged Share Details

• Embassy Office Parks REIT promoter Embassy Property Developments created pledge of 4.12 crore units on April 29
• DB Corp promoter DB Consolidated created pledge of 37.48 lakh shares on April 29

(As Reported On April 29)

Who’s Meeting Whom

• Manappuram Finance to meet Hosking Partners, Equirus Capital and TA Associates from April 30-May 5
• Eicher Motors to meet Kotak MF, Sloana Robinson and other investors from April 30 to May 1

Trading Tweaks

• Move Into Short-Term ASM Framework: Eros International Media
• Move Out Of Short-Term ASM Framework: GNA Axles, Shanthi Gears, IFB Industries, Dhanlaxmi Bank, Venky's , Kirloskar Industries, Alphageo, Sundram Fasteners, Tilaknagar Industries, Everest Kanto Cylinder, Veto Switchgears And Cables, NRB Bearing, Suven Pharmaceuticals, Shriram Asset Management

Insider Trading

• Linde promoter BOC Group sold 25,276 shares on April 27
• Birlasoft promoters acquired 2.5 lakh shares on April 27
• Mahindra CIE Automotive promoter Participaciones Internacionales Autometal acquired 84,851 shares on April 27
• SBI Cards and Payment Services promoter SBI Life Insurance sold 15,550 shares from April 9-28

(As Reported On April 29)

Active Stock Futures

Index Futures

• Nifty April futures closed at 9,549, discount of 4 points versus 18 points premium
• Nifty April futures open interest down 17 percent, sheds 10.7 lakh shares in open interest
• Nifty futures Rollovers at 55 percent
• Nifty Bank April futures closed at 20,676, premium of 38 points versus 5 points premium
• Nifty Bank April futures open interest down 51 percent, sheds 4.3 lakh shares in open interest
• Nifty Bank futures rollover at 64 percent

Options

• Nifty PCR at 1.61 versus 1.43 (across all series)

Nifty Monthly Expiry: April 30

• Max open interest on call side at 9,500 (17.4 lakh shares)
• Max open interest on put side at 9,000 (33.7 lakh shares)
• Open interest change in 9,500 Put (+13.4 lakh shares), 9600 Call (+6.1 lakh shares)

(Corrects an earlier version which had erroneously stated Jagran Prakashan's non-disposal of undertaking as a pledge share.)