Stocks To Watch: Reliance Capital, Go Fashion, NTPC, Coal India, Mastek
India's stock benchmarks closed higher on Monday, aided by gains in information technology stocks, as investors assess the possible impact due to the omicron coronavirus strain. The S&P BSE Sensex gained 0.27% to 57,260.58. The 30-stock gauge rose nearly 1% in intraday trade before erasing the gains. The NSE Nifty 50 also advanced by similar magnitude to 17,053.95.
Here are the stocks to watch in trade today:
Go Fashion India: The company will make a debut on bourses today.
Reliance Capital: RBI has superseded the board of the company. RBI action owing to various defaults to creditors and serious governance concerns at Reliance Capital. Nageswar Rao Y, ex-executive director of Bank of Maharashtra, appointed as administrator. The central bank will initiate insolvency proceedings against the company.
Union Bank of India: RBI has imposed a penalty of Rs 1 crore on the bank. Penalty imposed due to non-compliance with RBI’s directions on fraud classification and sale of stressed assets. The bank failed to classify an account as a red flag account, did not disclose ageing of security receipts.
Ratnamani Metals & Tubes: The company has received new domestic orders aggregating to Rs 297.87 crore from the oil & gas sector, to be executed between February 2022 to January 2023.
NTPC: The wholly-owned subsidiary of the company, NTPC Renewable Energy, has signed power purchase agreements for 325 MW solar projects.
Coal India: Approved interim dividend of Rs 9 per share.
Tatva Chintan Pharma Chem: As a part of future need, the company has acquired an industrial land admeasuring 50,399.16 square metre at Dahej-III GIDC Estate, Gujarat.
Mastek: Mastek U.K. has been awarded a healthcare contract of £45 million by National Health Services Digital.
James Warren Tea: The company has approved a proposal to buy back 8.42 lakh shares at Rs 295 per share aggregating to Rs 24.86 crore.
KSS: The company approved the divestment of its entire equity shareholding in material wholly-owned subsidiary K Sera Sera Box Office by way of sale to Birla Financial Distribution.
Spandana Sphoorty Financial: The company has appointed Nitin Agrawal as interim CEO and Amit Mittal as interim CFO with effect from November 29.
Star Health and Allied Insurance Company’s IPO will open for subscription today.
SEBI has approved the initial share sales of VLCC Health Care, Metro Brands, CE Info Systems, Data Patterns India, India1 Payments, Electronics Mart India, Healthium Medtech, Godavari Biorefineries, AGS Transact Technologies and Gemini Edibles and Fats.
Pledge Share Details
Ajanta Pharma: Promoter Aayush Agrawal created a pledge of 3 lakh shares on November 25. As reported on November 29.
Aditya Birla Capital: Promoter Birla Group Holdings bought 5 lakh shares on November 23.
Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 58,646 shares between November 25-26.
Grasim Industries: Promoter IGH Holdings bought 2.40 lakh shares between November 23-25.
Star Cement: Promoter Sarika Jalan sold 63,420 shares between November 23-26.
Who’s Meeting Whom
Allcargo Logistics: To meet Centrum PMS on November 30.
Apollo Tyres: To meet Investec Capital Services (India) on November 30.
Shoppers Stop: To meet DSP Black Rock Mutual Fund on November 30.
Computer Age Management Services: To meet various analysts and investors on November 30.
Sansera Engineering: To meet various analysts and investors on November 30.
DCM Shriram: To meet Aequitas Investment Consultancy on November 30.
Indian Energy Exchange: To meet Mirae Asset Life on November 30.
Tata Consumer Products: To meet Stewart Investors on November 30 and Phillip Capital (India) on December 2.
Manappuram Finance: To meet Invesco AMC on November 30 and Duro Capital on December 1.
Nuvoco Vistas Corporation: To meet Fidelity International on November 30.
UltraTech Cement: To meet Amundi Asset Management on November 30.
Brigade Enterprises: To meet Emkay Global on December 1.
Tata Motors: To meet Discovery Capital and Fidelity International on December 1.
Voltas: To meet ICICI Securities on December 1, Enam Asset Management Company on December 6 and Dam Capital on December 10.
Sterlite Technologies: To meet Alliance Bernstein LP, Petercam SA, and Legal and General Group on December 1.
Sobha: To meet Emkay Global Financial Services on December 2.
Stove Kraft: To meet institutional investors on December 2.
Tatva Chintan Pharma Chem: To meet JM Financial on December 6.
Ex-Date Final Dividend: Rail Vikas Nigam
Price Band Revised From 10% To 5%: HCL Infosystems
Move Into Short-Term ASM Framework: R Systems International
Move Out Of Short-Term ASM Framework: Suprajit Engineering