Stocks To Watch: Thyrocare Technologies, Barbeque Nation, Lupin, JSW Energy, Finolex Industries
Here are the stocks to watch in trade today...
Indian equity benchmarks closed higher on Friday, boosted by a rally in banks, metals and technology shares. The S&P BSE Sensex climbed 0.4% to 52,925.04, making a weekly advance of 1.1%. The NSE Nifty 50 Index gained by a similar magnitude.
Here are the stocks to watch in trade today:
Thyrocare Technologies: Promoters to sell 3.49 crore equity shares, representing 66.14% of the equity share capital, at Rs 1,300 per share aggregating to Rs 4,546 crore to Docon Technologies. Further, Docon Technologies along with API Holdings have announced an open offer for acquisition of up to 1.37 crore fully paid-up equity shares, representing 26% of the Expanded Voting Share Capital, from the public shareholders of the company. Docon Tech and API Holdings will acquire shares at Rs 1,300 per share aggregating to total consideration of Rs 1,788 crore.
Barbeque Nation Hospitality: Approved raising up to Rs 99.99 crore via share issue. The company will issue 11.77 lakh shares at Rs 849 per share to Massachusetts Institute of Technology, 238 Plan Associates LLC and Motilal Oswal Equity Opportunities Fund Series – II.
SBI: The bank’s performance trajectory of FY21 will continue in FY22, said Chairman Dinesh Khara during the annual general meeting. He also said that the bank will make efforts in ‘full force’ on stressed assets recovery.
Lupin: Launched Emtricitabine and Tenofovir Disoproxil Fumarate tablets, used in the treatment of HIV-1 infection, in the American market after receiving approval from U.S. FDA. The drug maker's product is the generic version of Gilead Sciences, Inc's Truvada tablets and indicated in combination with other antiretroviral agents for the treatment of HIV-1 infection.
Reliance Industries: Restarted a fluidized catalytic cracker unit at its export refinery in Gujarat, after an emergency shutdown on June 6. The unit underwent repairs and has since been stabilised and normal throughput has been reached, the company said.
Brigade Enterprises: Approved the closure of QIP on June 25 and issue price of Rs 268 per share. The issue price is at a discount of 3.07% to the floor price of Rs 276.50 per share. The company has allotted 1.86 crore shares to qualified institutional buyers at the issue price of Rs 268 per share aggregating to Rs 499 crore.
Shree Renuka Sugars: To expand Ethanol capacity to 1,400 Kilo Litre Per Day from 970 KLPD. Company to invest Rs 450 crore for expansion. The capacity is expected to be added by October 2022.
Manappuram Finance: DSP Trustee raises stake in the company to 7.07%.
Earnings: Hindustan Aeronautics Ltd, National Aluminium Co, NLC India, Brightcom Group, Future Lifestyle Fashions, Federal-Mogul Goetze (India), GFL, GIC Housing Finance, IFCI, Indo Amines, ISGEC Heavy Engineering, Kiri Industries, Orient Paper & Industries, Sadbhav Infrastructure Project, Sandur Manganese & Iron Ores, Tamilnadu Petroproducts, Triveni Turbine, Welspun Corp, Zee Media Corporation
Earnings Post Market Hours
JSW Energy Q4FY21 (Consolidated, QoQ)
Revenue down 2% at Rs 1,569.62 crore Vs Rs 1,608.86 crore
Net profit down 14% at Rs 106.60 crore Vs Rs 123.53 crore
Ebitda up 5% at Rs 632.81 crore Vs Rs 604.43 crore
Ebitda margin at 40.37% Vs 37.6%
Recommended a dividend of Rs 2 per share
Finolex Industries Q4FY21 (Consolidated, QoQ)
Revenue up 17% at Rs 1,249.34 crore Vs Rs 1,066.06 crore
Net profit up 15% at Rs 298.84 crore Vs Rs 259.40 crore
Ebitda up 18% at Rs 410.05 crore Vs Rs 346.26 crore
Ebitda margin at 32.8% Vs 32.5%
Recommended a final dividend of Rs 2 per share and a special dividend of Rs 2 per share
Pledge Share Details
Adani Ports and SEZ: Promoter group (Gautam Adani and Rajesh Adani) created a pledge of 1.16 crore shares on June 21.
Aurobindo Pharma: Promoters (Kambam Spoorthi and M Sumanth Reddy) revoked pledge of 6 lakh shares between June 22-23
JSW Steel: Promoters (Vividh Finvest and Siddeshwari Tradex) created a pledge of 16.64 lakh shares between June 21-24. Promoter JSW Techno Projects Management revoked pledge of 2.40 lakh shares on June 23.
As reported on June 25.
Bulk Deals
Rossell India: Elara India Opportunities Fund sold 3.41 lakh shares (0.93%) at Rs 145.2 per share.
DCM Shriram Industries: Abakkus Asset Manager Llp bought 1.17 lakh shares (0.68%) at Rs 361 per share. Abakkus Emerging Opportunities Fund - 1 bought 5.18 lakh shares (2.98%) at Rs 361 per share. Finquest Financial Solutions sold 2.38 lakh shares (1.37%) at Rs 361 per share.
Dhanvarsha Finvest: Citrus Global Arbitrage Fund bought 1.40 lakh shares (0.92%) at Rs 799.99 per share.
Insider Trades
SBI Cards and Payment Services: Promoter SBI Life Insurance Company bought 13 lakh shares on June 24.
Adani Green Energy: Promoter Infinite Trade and Investment bought 15 lakh shares on June 24.
Aarti Surfactants: Promoters (Parimal Desai and Nikhil Holdings) bought 35,000 shares on June 23. Promoters (Jaya Gogri and Chandrakant Gogri) sold 30,000 shares on June 23.
GMR Infrastructure: Promoter GMR Enterprises sold 1.88 crore shares between June 22-24.
JK Cement: Promoter Ramapati Singhania sold 2,000 shares on June 24.
Mahindra CIE Automotive: Promoter Participaciones Internacionales Autometal, Dos S.L bought 2.17 lakh shares on June 23.
Mold-Tek Packaging: Promoter A Sundeep sold 3,737 shares between June 18-21.
Titagarh Wagons: Promoter Titagarh Logistics Infrastructures bought 1.62 lakh shares between June 21-22.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan and Jayalakshmi Venkataraman) sold 3,855 shares on June 24.
Valiant Organics: Promoter Dhanvanti Gala sold 3,000 shares on June 24.
Wabco India: Promoter ZF International UK sold 6.50 lakh shares between June 23-25.
Trading Tweaks
Ex-Date Final Dividend: GM Breweries
Ex-Date AGM: Shriram Pistons & Rings
Record Date Dividend: Vimta Labs
Record Date Interim Dividend: R Systems International
Price Band Revised From 10% To 5%: Orchid Pharma
Price Band Revised From 10% To 20%: Sagar Cements
Price Band Revised From 20% To 10%: Ajmera Realty & Infra India
Move Into Short-Term ASM Framework: Brightcom Group, Ajmera Realty & Infra India, BL Kashyap and Sons
Move Out Of Short-Term ASM Framework: Nava Bharat Ventures, Rossell India, Zuari Agro Chemicals, Insecticides (India), Jai Corp, Future Enterprises
Move Into ASM Framework: Avadh Sugar & Energy, Uttam Sugar Mills, SREI Infrastructure Finance, Sagar Cements