Stocks To Watch: ITC, Apollo Hospitals, Anand Rathi Wealth Debut, Greenlam, Vedanta

Intro

Here Are The Stocks To Watch

• Ircon: Emerged as the lowest bidder for highway construction project in Punjab for Rs 1,107 crore. Completion period of the project is two years.

• TVS Motor: Incorporates TVS Electric Mobility Ltd. as a wholly owned subsidiary to undertake the electric mobility business.

• Wipro: Announced Wipro VisionEDGE, an omni channel advertising solution, to expand its sports, retail, transportation, and entertainment offerings.

• Vedanta: Company and its group entities have settled the retrospective tax dispute with the Indian government following the amendments to the income tax law.

• Piramal Enterprises: Approved the amalgamation of Shrilekha Business Consultancy Pvt. Ltd. (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Ltd.

• Greenlam Industries: To invest Rs 950 crore over two to three years, towards setting up of a third laminate plant and foray into plywood and particle board business.

• BPCL: Ties up with Bhabha Atomic Research Centre to scale-up alkaline electrolyser technology for green hydrogen production. Company added that it has plans to expand its portfolio of renewable energy with solar, wind and biofuels and turn carbon-neutral by 2040.

• Stove Kraft: ICRA has reaffirmed both the long term and short term credit rating of the company and has revised the outlook to positive from stable.

• Exxaro Tiles: Incorporates wholly owned subsidiary company in the name of Exxaro Ceramic Ltd.

• ITC: To hold its first-ever institutional investors and financial analysts' day starting 10:30 a.m.

• PB Fintech: Incorporated wholly owned subsidiary to carry on the business of an account aggregator, which must be licenced by the Reserve Bank of India (RBI). Also approved acquisition of 70.1% stake in MyLoanCare Ventures Pvt. Ltd.

• Apollo Hospitals: About 7 lakh shares at Rs 5,050 apiece in a secondary placement are being offered by the seller, according to terms of the deal obtained by Bloomberg News. The floor price is at a 3% discount to the last close of Rs 5,206.7 apiece. The seller has no intention to sell for 60 days after the deal, according to the terms

• Crisil: Approved the scheme of amalgamation for merger of its wholly owned subsidiaries, CRISIL Risk and Infrastructure Solutions and Pragmatix Services Pvt. Ltd. with the company.

Offerings

• Nandan Terry files papers with SEBI for Rs 255-crore IPO.

• MapMyIndia IPO ends offer with 154.7 times subscription.

• Metro Brands subscribed 52% on day two.

• MedPlus IPO subscribed 70% on day one.

• Data Patterns IPO to open today. Company raised Rs 176 crore from anchor investors by allotting 30.2 lakh shares at Rs 585 apiece.

• Amazon-backed More Retail considering IPO to raise up to Rs 3,780 crore, reports Bloomberg.

Listings

• Anand Rathi Wealth to list on the bourses today. The issue was subscribed 9.78 times.

Pledge Share Details

• Kalpataru Power Transmission: Promoter group Kalpataru Constructions Pvt. Ltd. created a pledge of 25 lakh shares on Dec. 9. Promoter group K C Holdings Pvt. Ltd. revoked a pledge of 25 lakh shares on Dec. 10.

• Sun Pharma: Promoter group Shanghvi Finance Pvt. Ltd. revoked a pledge of 55 lakh shares on Dec. 9.

Insider Trades

• Kalpataru Power Transmission: Promoter group Kalpataru Properties Pvt. Ltd. disposed off 44.5 lakh shares on Dec. 9.

• Emami: Promoter group Midkot Investments Pvt. Ltd. bought 31,17,160 shares on Dec. 9.

• Aditya Birla Capital: Promoter group Birla Group Holdings Pvt. Ltd. acquired 7 lakh shares between Dec. 7 and 8.

• Gujarat Fluorochemicals: Promoter group Inox Chemicals sold 86,029 shares on Dec. 10.

Who’s Meeting Whom

• Balrampur Chini Mills: To meet Polunin Capital Partners on Dec. 15.

• Symphony: To meet Goldman Sachs on Dec. 17.

• Indian Energy Exchange: To meet Myriad Asset Management on Dec. 14, Millingtonia on Dec. 16, Fidelity Investments on Dec. 17, Axiom Investors on Dec. 21.

• UltraTech Cement: To meet GIC, Singapore and Vontobel Asset Management on Dec. 14.

• Escorts: Met L&T Mutual Fund on Dec. 13.

• SBI Cards & Payment Services: Met IIFL AMC on Dec. 13.

• EClerx: Met DSP Mutual Fund on Dec. 13.

• CAMS: To meet David Forward, Kayne Anderson Rudnick on Dec. 14 and White Oak Capital on Dec. 15.

• ICICI Prudential: Met Premier Miton and Temasek Holdings Pvt. Ltd. on Dec. 13.

• State Bank of India: Met Sinopec Sec, Taipei Fubon Bank, Taiching Bill, President Sec, E SUN Commercial Bank on Dec. 13.

• Voltas: To meet Credit Suisse and Morgan Stanley on Dec. 14 and Nomura and B&K Securities on Dec. 15.

• JM Financial: Met IDFC Mutual Fund on Dec. 13.

• Rallis India: To meet HDFC Life Insurance Company on Dec. 15.

• Pidilite Industries: To meet Axis Mutual Fund and LIC Mutual Fund on Dec. 15 and ENAM AMC on Dec. 23.

• Nuvoco Vistas Corp.: To meet OHM Equity Group, GeeCee Investments and Choice Equities on Dec. 14.

Trading Tweaks

• Price band changed from 20% to 10%: Agro Phos India, Hindustan Construction Co.

• Shortlisted In Long-Term ASM Framework Stage-I: Network18 Media & Investments, Capital Trust Limited.

• Shortlisted In Short-Term ASM Framework: Shree Ram Proteins, Reliance Communications, Windsor Machines, Coffee Day Enterprises, Onelife Capital Advisors, Ganesh Benzoplast.

• Ex-Date Interim Dividend: ​​Hindustan Zinc, NMDC

• Ex-Date Stock Split: TTK Prestige

Analyst Actions

• Allcargo: BOB Capital Markets cuts rating from ‘add’ to ‘sell’, price target at Rs 281.

• Container Corporation of India: BOB Capital Markets raises rating from ‘sell’ to ‘hold’, price target at Rs 641.