Stocks To Watch: Maruti Suzuki, Ultratech, Rail Vikas Nigam, NTPC, NMDC
Here are the stocks to watch in trade today...
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.
Offerings
Tega Industries IPO to open for subscription today. The company has raised Rs 185.76 crore from anchor investors. It allocated 41 lakh shares to 25 anchor investors at Rs 453 apiece.
Star Health and Allied Insurance Company’s IPO was subscribed 12% on the first day.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3.64 lakh shares on November 25.
As reported on November 30.
Bulk Deals
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.
Insider Trades
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.
Trading Tweaks
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