Stocks To Watch: Torrent Power, KEC International, Infosys, CESC, Vikas Lifecare
Here are the stocks to watch in trade today...
India's stock benchmarks closed higher after fluctuating between gains and losses in a volatile session on Tuesday. The Sensex rose 0.88%, the most single-day gain since September 2, to 59,005.27. The Nifty 50 advanced 0.95%, the most single-day gain since August 31, to 17,562.
Here are the stocks to watch in trade today:
Torrent Power to acquire Surya Vidyut at enterprise value of Rs 790 crore. The company has entered into a share purchase agreement with CESC, Haldia Energy and other nominal shareholders for the acquisition of 100% of the share capital of Surya Vidyut, a wholly owned subsidiary of CESC. The acquisition is expected to be completed within 60 days. Surya Vidyut operates 156 MW Wind power plants, spread across the states of Gujarat, Rajasthan and Madhya Pradesh.
KEC International: The company has secured new orders of Rs 1,157 crore across its various businesses.
Infosys: The company has collaborated with ServiceNow, a digital workflow company, to provide enterprise-level service management for customers in manufacturing industries. Infosys will leverage its industry cloud blueprints, part of Infosys Cobalt, and deploy ServiceNow Operations Technology Management, to support manufacturing industries as they digitise their factories, floors, and plant operations.
Vikas Lifecare: The company’s Agro Products division has received the largest single export order to date, amounting $1 million.
Surya Roshni: The company has received order of Rs 41.22 crore for implementing of smart LED streetlights and installation of centralised monitoring system with operation and maintenance for 7 years from Greater Noida Industrial Development Authority.
Bhansali Engineering Polymers: The company has received environmental clearance from the government for expansion of High Rubber Graft (Rubber Rich ABS) unit from 15,000 TPA to 50,000 TPA for company's Satnoor Plant located at Chhindwara in Madhya Pradesh.
PDS Multinational Fashions: Smart Notch Industrial, a subsidiary of the company, has completed the acquisition Filkor on September 21 for £500,000. The investment is in line with the Sustainability and Circularity goals of the company.
MTAR Technologies: The company has received NADCAP certification for its 100% Export Orient Unit and Unit 5 in Telangana.
Nucleus Software Exports: Board will consider buyback of shares on September 24.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 8.70 lakh shares between September 16-17.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge of 45 lakh shares on September 17.
As reported on September 21.
Bulk Deals
SBI Cards & Payment Services: Societe Generale bought 85.06 lakh shares (0.90%) at Rs 1,021 per share. CA Rover Holdings sold 1.60 crore shares (1.70%) at Rs 1,021.25 per share and sold another 1.60 crore shares (1.70%) at Rs 1,021.01 per share.
Inox Wind Energy: Promoter Vivek Jain bought 4.97 lakh shares (4.53%) at Rs 647.10 per share. Siddho Mal Trading LLP sold 2.01 lakh shares (1.84%) at Rs 647.10 per share. Inox Chemicals LLP sold 2.95 lakh shares (2.69%) at Rs 647.10 per share.
Welspun Enterprises: Welspun Group Master Trust bought 7.50 lakh shares (0.50%) at Rs 103.36 per share.
Insider Trades
Axis Bank: Promoter General Insurance Corporation of India sold 70,000 shares on September 17.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 71,702 shares on September 17.
Grauer & Weil (India): Promoter Vinod Haritwal sold 19,880 shares between August 16-September 15.
Heranba Industries: Promoter SAMS Industries bought 2.48 lakh shares between September 17-20.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 64,506 shares on September 17.
Lincoln Pharmaceuticals: Promoters (Mahendrabhai Patel and Munjal Patel bought 74,500 shares between September 20-21.
NRB Bearings: Promoter Harshbeena Zaveri bought 32,081 shares between September 17-20.
RPSG Ventures: Promoter STEL Holdings bought 68,313 shares on September 20.
Titagarh Wagons: Promoter Titagarh Logistics Infrastructures bought 1.75 lakh shares between September 16-17.
Vaibhav Global: Promoter Brett Enterprises bought 3.05 lakh shares between September 17-20. Promoter Nirmal Bardiya sold 1.52 lakh shares between September 17-20.
Who’s Meeting Whom
Rajratan Global Wire: To meet White Oak Capital and Ambit Capital on September 22 and Carnelian Capital on September 23.
Syngene International: To meet Aikya Investment Management on September 22.
Vedanta: To attend JP Morgan India Investor Summit on September 22.
CARE Ratings: To meet Kotak Mutual Fund on September 23.
Trading Tweaks
Ex-Date AGM: Stylam Industries, Maithan Alloys, Cerebra Integrated Technologies, Hindustan Aeronautics, Inox Wind, Power Mech Projects, Dilip Buildcon, Satia Industries, Confidence Petroleum India, Borosil Renewables, Inox Wind Energy, Dolat Investments, Digispice Technologies, SVP Global Ventures, Steel Strips Wheels, Sunteck Realty, Technocraft Industries (India), SMS Pharmaceuticals, Omaxe, Kaveri Seed Company, VLS Finance, Datamatics Global Services, Jaiprakash Associates, NBCC (India), Anant Raj, JBM Auto, Prime Focus, Responsive Industries, HFCL
Ex-Date Final Dividend: Anant Raj, Confidence Petroleum India, Dilip Buildcon, JBM Auto, Jindal Poly Films, Mold-Tek Packaging, NBCC (India), Responsive Industries, Satia Industries, SMS Pharmaceuticals, Steel Strips Wheels, Sunteck Realty, SVP Global Ventures, VLS Finance
Ex-Date Dividend: HFCL, Maithan Alloys, Rico Auto Industries, Voltamp Transformers
Record Date Final Dividend: RailTel Corporation of India, Mishra Dhatu Nigam, KNR Constructions, Ashapura Minechem
Record Date Dividend: Dalmia Bharat, IRCTC
Price Band Revised From 20% To 10%: Seamec
Move Into ASM Framework: RPSG VENTURES, Alkyl Amines Chemicals
Move Out Of Short-Term ASM Framework: Jain Irrigation Systems, Caplin Point Laboratories, Dish TV India, RPSG Ventures