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Stocks To Watch: Paytm, Sapphire Foods, Vedanta, Phoenix Mills, Zomato

Here are the stocks to watch in trade today...

<div class="paragraphs"><p>Elevators travel next to electronic boards displaying stock figures at the National Stock Exchange of India Ltd.  building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
Elevators travel next to electronic boards displaying stock figures at the National Stock Exchange of India Ltd. building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India's stock benchmarks declined for the second consecutive session, dragged by losses in banking, energy, realty, telecom and oil & gas stocks. The Sensex fell 0.52% to 60,008.33 on Wednesday. The NSE Nifty 50 index also declined by similar magnitude to 17,898.65.

Here are the stocks to watch in trade today:

  • Vedanta: To separately list aluminum, oil, iron and steel businesses. The company has set up a board committee to evaluate options to unlock value and simplify its corporate structure. It aims to accelerate emissions reduction and strengthen ESG practices.

  • Zomato: Zomato UK, step down subsidiary of the company, has been dissolved effective from November 16, 2021.

  • Kalpataru Power Transmission: ICICI Prudential Mutual Fund acquired 0.19% stake in the company via open market transactions on November 16, increasing shareholding to 5.18% from 4.99% earlier.

  • Jindal Drilling and Industries: The company has acquired an offshore jack-up rig 'Jindal Supreme' from Venus Drilling Pte. Ltd. for $16.75 million. The rig is currently operating under contract with Oil and Natural Gas Corporation.

  • The Phoenix Mills: CPP Investments has completed its first tranche of investment in Plutocrat Commercial Real Estate Private, a wholly owned subsidiary of the company, on private placement basis and by way of secondary acquisition of equity shares held by the company in PCREPL aggregating to Rs 787 crore.

  • Seacoast Shipping Services: To consider sub-division of equity shares on November 24.

  • Paytm operator One 97 Communications and Sapphire Foods India to make their debut on the bourses today.

Offerings

  • Go Fashion IPO was subscribed 2.46 times on the first day.

  • The Rs 1,023.8-crore IPO of Tarsons Products saw 77.5 times subscription on final day.

Pledge Share Details

  • Chambal Fertilisers & Chemicals: Promoter Uttar Pradesh Trading Company revoked pledge of 12.62 lakh shares on November 11.

    As reported on November 17.

Insider Trades

  • Confidence Petroleum India: Promoter Essenn LPG Bottling bought 3.71 lakh shares between November 11-16.

  • Gujarat Fluorochemicals: Promoters (Kapoor Chand Jain and Hem Kumari) sold 11,004 shares on November 16.

  • Jindal Stainless (Hisar): Promoter Nirmala Goel bought 10,000 shares on November 11.

  • Mahindra & Mahindra: Promoter Yuthica Keshub Mahindra sold 1,500 shares on November 15.

  • Olectra Greentech: Promoters (LP Sashikumar and PS Parthasarathy) sold 80,000 shares on November 12.

Who’s Meeting Whom

  • Arvind Fashions: To meet SBI Life Insurance and Nippon India MF on November 18.

  • Welspun India: To meet Batlivala & Karani Securities on November 18.

  • Speciality Restaurants: To meet TrustLine Holdings on November 18.

  • UltraTech Cement: To meet AIA Group, ApaH Capital Management, Dalton Investment LLC, Kiara Advisors, Polymer Capital Management, Skale Investments, Sundaram Asset Management, Fidelity Management & Research, Oaktree Capital Management, and Aditya Birla Sunlife Insurance between November 18-19.

  • Mangalam Organics: To meet analysts and investors on November 20.

Trading Tweaks

  • Ex-Date Interim Dividend: Easy Trip Planners

  • Ex-Date Stock Split: Steel Strips Wheels

  • Record Date Interim Dividend: Anupam Rasayan India, Aurobindo Pharma, Shyam Metalics and Energy, Balu Forge Industries, EID-Parry (India), Laurus Labs, Pitti Engineering, Saksoft

  • Record Date Income Distribution RITES: Mindspace Business Parks REIT

  • Move Into Short-Term ASM Framework: Thermax, JBM Auto, Macrotech Developers

  • Move Out Of Short-Term ASM Framework: Tata Teleservices (Maharashtra), Best Agrolife

  • Move Into ASM Framework: Tata Teleservices (Maharashtra)