Stocks To Watch: InterGlobe Aviation, JSW Energy, TCS, Zee Entertainment, Nalco, IL&FS Transportation
India’s equity benchmarks closed higher on Thursday, aided by gains in realty, auto, consumer durables stocks, amid positive global cues. Focus now shifts to the MPC meeting of the Reserve Bank of India and quarterly earnings of Tata Consultancy Services Ltd. scheduled today.
The S&P BSE Sensex Index rose 0.82% to 59,677.83. The 30-stock index came close to reclaiming the 60,000 mark and hit an intraday high of 59,914.91. The NSE Nifty 50 Index advanced by similar magnitude to 17,790.35.
Here are the stocks to watch in trade today:
InterGlobe Aviation: Rahul Gangwal, co-promoter of InterGlobe Aviation Ltd. has moved the Delhi High Court to seek enforcement of an arbitral award in his shareholder dispute with co-promoter Rahul Bhatia.
Zee Entertainment Enterprises: NCLT made an error in not granting enough time to Zee for replying to Invesco Developing Markets Fund’s petition seeking an extraordinary general meeting of the company, NCLAT said. The NCLAT, however, has not specified the time Zee should be given. NCLT Mumbai is scheduled to resume hearing in the case today.
JSW Energy: The company has signed a contract with GE Renewable Energy for supply of 810 MW of onshore wind turbines for the company’s underconstruction pipeline of 2.5 GW of renewable projects in India. The supply of the turbines will start by the second quarter of CY2022.
Great Eastern Shipping Company: SBI Mutual Fund sold 8.44 lakh equity shares in the company via an open market transaction on October 6, reducing shareholding to 2.85% from 3.43% earlier.
Ratnamani Metals & Tubes: The company has received a new order of Rs 98 crore for the supply of carbon steel pipes from the domestic oil and gas sector, to be executed in 5 to 12 months.
IL&FS Transportation Networks: To sell stake in Warora Chandrapur Ballarpur Toll Road, an associate of the company, to Vishvaraj Infrastructure for Rs 12.25 crore. The sale is expected to be completed by January 31, 2022.
National Aluminium Co.: A patent has been granted jointly to Jawaharlal Nehru Aluminium Research Development and Design Centre and Nalco by Controller of Patent for an invention entitled "Determination of calcium in alumina hydrate, calcined alumina and process liquor.”
Earnings: Tata Consultancy Services
Pledge Share Details
Future Consumer: Promoter Future Capital Investment invoked pledge of 20 lakh shares between October 4-5.
Future Retail: Promoter Future Corporate Resources invoked pledge of 10 lakh shares on October 5.
Jubilant FoodWorks: Promoter Jubilant Consumer revoked pledge of 98,660 shares on October 5.
As reported on October 7.
Bharti Airtel (Rights Entitlement): Vanguard Emerging Markets Stock Index Fund sold 22.26 lakh shares at Rs 208.31 per share. Vanguard Total International Stock Index Fund sold 20.98 lakh shares at Rs 208.31 per share.
Heritage Foods: Promoter NP Ramakrishna sold 10,000 shares on October 4.
NRB Bearings: Promoter Harshbeena Zaveri bought 33,676 shares between September 23-24
Who’s Meeting Whom
Jindal Stainless: To meet investors on October 8.
Ex-Date Stock Split: DCM Shriram Industries
Record Date Stock Split: Affle (India)
Move Into Short-Term ASM Framework: Patel Engineering, Dishman Carbogen Amcis, Meghmani Finechem
Move Out Of Short-Term ASM Framework: Gayatri Projects, DB Realty
Move Into ASM Framework: IIFL Finance, Anant Raj