Stocks To Watch: Maruti Suzuki, Ultratech, Rail Vikas Nigam, NTPC, NMDC
India's stock benchmarks erased early gains and closed near day's low, dragged by losses in metal, banking, auto and energy stocks. The S&P BSE Sensex fell 0.34% on Tuesday to 57,064.87. The 30-stock gauge rose 1.61% in intraday trade to reclaim 58,000 levels after two sessions. The NSE Nifty 50 index also declined by similar magnitude to 16,983.20.
Here are the stocks to watch in trade today:
Maruti Suzuki India: The company expects adverse impact on vehicle production in Haryana and Gujarat plant in December due to chip shortage. Total production volume across both the locations to be around 80-85% of normal production.
UltraTech Cement: The company has commenced mining of coal from its Bicharpur Coal mines situated in Madhya Pradesh. The mines have extractable reserves of 29 MMT.
Rail Vikas Nigam: The company has entered into an MoU with Economic Policy Research Institute of Kyrgyz Republic for development of railway corridor projects between Bishkek to Karakechenskoye.
NMDC: The company has fixed the price of lump ore (65.5%, 6-40mm) at Rs 5,200 per tonne, and fines (64%, -10mm) at Rs 4,560 per tonne.
NTPC: Unit-4 of 250 MW capacity of Nabinagar Thermal Power Project of Bhartiya Rail Bijlee Company, a subsidiary company of NTPC, has commenced commercial operation. With this, the commercial capacity of NTPC group will become 67,907.5 MW.
Indian Bank: The bank has declared the non-performing accounts of Raj Events and Entertainment (P) Ltd. and Capricorn Food Products India Ltd as fraud and reported them to the RBI.
India Pesticides: The company has received allotment letter for additional 1,300 square metres of land adjacent to its existing Sandila Plant.
TCS: The company has launched TCS Assessment and Migration Factory, a set of tools, accelerators, and services that enable customers to shift their mainframe workloads to the new AWS Mainframe Modernization (M2) platform.
PB Fintech: Approved further investment of Rs 10.80 crore by Docprime Technologies, a wholly owned subsidiary of the company, in Visit Health.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3.64 lakh shares on November 25.
As reported on November 30.
Go Fashion India: Nomura India Investment Fund bought 7.25 lakh shares at Rs 1,277.97 per share. Nomura Funds Ireland bought 2.75 lakh shares at Rs 1,277.97 per share.
DCB Bank: Ishares Core Emerging Markets Mauritius Co sold 16.45 lakh shares (0.53%) at Rs 82.3 per share.
Ipca Laboratories: Integrated Core Strategies (Asia) Pte bought 25.46 lakh shares (2.01%) at Rs 2,103.52 per share.
REC: Integrated Core Strategies (Asia) Pte bought 2.18 crore shares (1.11%) at Rs 134.46 per share.
Godrej Properties: Integrated Core Strategies (Asia) Pte sold 28.49 lakh shares (1.02%) at Rs 1,997.77 per share.
IRCTC: Integrated Core Strategies (Asia) Pte sold 51.52 lakh shares (3.22%) at Rs 794.4 per share.
Mindtree: Integrated Core Strategies (Asia) Pte sold 16.21 lakh shares (0.98%) at Rs 4,318.82 per share.
Mphasis: Integrated Core Strategies (Asia) Pte sold 21.51 lakh shares (1.15%) at Rs 2,895.9 per share.
SRF: Integrated Core Strategies (Asia) Pte sold 35.20 lakh shares (5.94%) at Rs 2,001.89 per share.
Tata Power Co.: Integrated Core Strategies (Asia) Pte sold 3.28 crore shares (1.03%) at Rs 216.48 per share.
Zomato: Integrated Core Strategies (Asia) Pte sold 4.17 crore shares (0.53%) at Rs 151.87 per share.
DB Realty: Promoter Vinod Goenka HUF bought 50,000 shares on November 29.
Phillips Carbon Black: Promoter STEL Holdings bought 5 lakh shares on November 30.
Man Infraconstruction: Promoter Parag Shah bought 1.51 lakh shares on November 29.
Meghmani Finechem: Promoters (Kruti Patel, Adesh Patel, Maulik Patel and Rameshbhai Patel) bought 42,500 shares between November 23-29.
Usha Martin: Promoter Peterhouse Investments sold 5 lakh shares between November 26-29.
Who’s Meeting Whom
Apollo Tyres: To meet Investec Capital Services (India) on December 1.
Tata Consumer Products: To meet Ratnabali Investment on December 1.
Mold-Tek Packaging: To meet IDFC MF on December 1, Max life on December 2, and Bajaj Allianz on December 3.
India Pesticides: To meet Dolat Capital on December 1.
Krishna Institute of Medical Sciences: To meet UTI MF on December 1.
Themis Medicare: To meet Lucky Securities on December 1.
TCS: To meet Fidelity Management & Research, Hong Kong on December 2.
Escorts: To meet Wellington Management on December 2.
Move Into Short-Term ASM Framework: One 97 Communications, Jaiprakash Associates, ISMT, Raymond, HCL Infosystems
Move Into ASM Framework: Nagarjuna Fertilizers and Chemicals
Move Out Of ASM Framework: HDIL