Stocks To Watch: Vedanta, RIL, Wabco, ONGC, Sun Pharma Advanced, PowerGrid

India's stock benchmarks rose the most in eight weeks, aided by banking, metal and media stocks. It marked the second consecutive week in which the S&P BSE Sensex and NSE Nifty 50 advanced.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.78% to 17,681, as of 7:10 a.m.

Here Are The Stocks To Watch

• Vedanta: Company approves an interim dividend of Rs 13.5 per share, amounting to Rs 5,019 crore. Record date for the purpose of payment of dividend is December 18. This is the second interim dividend approved by Vedanta for FY2021-22.

• Tega Industries: Company's shares to list on bourses today.

• Union Bank of India: Additional Tier-I Bonds (Basel III) of Rs 1500 crore assigned AA/Stable rating by CRISIL.

• Minda Industries: To enhance two-wheeler alloy wheel capacity by another two million per annum at Supa, Maharashtra. Another subsidiary to also expand its 4W alloy wheel capacity by 30,000 wheels per month at Gujarat plant.

• PowerGrid Corporation: To consider interim dividend on Dec. 15.

• Greenlam Industries: To consider proposal of stock split.

• Burger King India: Board to meet on Dec. 15 to consider and approve the proposal to raise funds by way of further issue of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or other permissible modes.

• Alembic Pharmaceuticals: Announces Seed Round Investment in Rigimmune.

• Aurobindo Pharma: Gilead sues Aurobindo to block copies of Letairis drug.

• Cadila Healthcare: Gets tentative approval for Cariprazine capsules.

• Godrej Properties: Acquires 100% in Yerwada Developers.

• Wabco India: To change name to ZF Commercial Vehicle Control Systems India subsequent to related party transactions. Both transaction and name change are subject to shareholder approval.

• Jubilant Industries: Temporarily closed down manufacturing activities at its plant located in Sahibabad, Uttar Pradesh, upon directions of Commission for Air Quality Management in NCR.

• Dr Reddy’s Labs: Received approval from the U.S. Food and Drug Administration for ANDA 207577 (VeraRing).

• The Phoenix Mills: Its subsidiary company Island Star Mall Developers and Canada Pension Plan Investment Board have executed a second further funding subscription agreement for the infusion of up to Rs 700 crore towards subscription of equity shares of ISML on rights basis for deployment towards construction and development of the ongoing projects of its subsidiaries in Pune, Bangalore and Madhya Pradesh.

• SpiceJet: Boeing 737 Max event probed in India after mid-air emergency; SpiceJet aircraft headed to Kolkata turned back to Mumbai.

Offerings

• Shriram Properties IPO subscribed 4.6 times on final day.

• MapmyIndia IPO subscribed 61.6 times on day two.

• Metro Brands subscribed 27% on day one.

• MedPlus Health Services to sell shares at Rs 780-796 apiece in its initial public offering, starting today. This is the first issue by a pharmacy retailer in India.

Pledge Share Details

• Emami: Promoter Sneha Enclave Pvt. Ltd. created a pledge of 7.2 lakh shares on Dec. 7.

• Mindspace Business Parks REIT: Promoter Chandru L Raheja created a pledge of 93,75,389 shares between Dec. 8 and 10.

Insider Trades

• Grasim Industries: Promoter group IGH Holdings Pvt. Ltd. bought 35,00 shares on Dec. 8.

• Linc Pen & Plastics: Promoter Raghav Jalan sold 11,00 shares on Dec. 9.

• Aditya Birla Capital: Promoter group Birla Group Holdings Pvt. Ltd. bought 4.52 lakh shares on Dec. 6.

• Gujarat Fluorochemicals: Promoter Inox Chemicals sold 58,233 shares on Dec. 9.

Who’s Meeting Whom

• IndiaMart InterMesh: Met with Capital International Management Co. and Tavasya Capital on Dec. 9.

• YES Bank: Met Credit Suisse Securities (India) Pvt. Ltd. on Dec. 9.

• Sapphire Foods: To meet Ontario Teachers' Pension Plan, Goldman Sachs Asset Management, Emkay Global Financial Services and Crestwood Capital Virtual on Dec. 13 and Fidelity International on Dec. 14.

• Crompton Greaves: To meet ​​Credit Suisse on Dec. 14.

• Kirloskar Industries: To meet Aurigin Capital on Dec. 14.

• AstraZeneca Pharma: To meet Satish Bhatt on Dec. 13.

• Narayana Hrudalaya: Met ​​GIC Private Limited, Singapore on Dec. 9 and JK Capital Management Ltd. and Hong Kong on Dec. 10.

• RBL Bank: Met Point 72 Asset Management on Dec. 9.

• Mahindra Holidays & Resorts India: To meet iThought Wealth Analytics and JHP Securities on Dec. 13 and HDFC Mutual Fund on Dec. 14.

• ICICI Securities: Met Carnelian Capital Advisors LLP on Dec. 10.

• 3i Infotech: To meet Dalal and Broacha on Dec. 13.

• State Bank of India: Met lClCl Prudential Asset Management Company on Dec. 10.

Trading Tweaks

• Price Band Changed From 20% To 10%: Network18 Media & Investments, Reliance Communications.

• Shortlisted In Long-Term ASM Framework: Rajshree Sugars & Chemicals, Uttam Galva Steels.

• Shortlisted In Short-Term ASM Framework: Network18 Media & Investments, Lovable Lingerie, Tanla Platforms, Steel Exchange India, Walchandnagar Industries.

Analyst Actions

• Gateway Distriparks: Centrum Broking initiates coverage with ‘buy’, price target at Rs 356.

• Container Corporation of India: Centrum Broking initiates coverage with ‘buy’, price target at Rs 740.

• Reliance Industries: Haitong International initiates coverage with ‘outperform’ rating, sets target price at Rs 2,846.

• Sun Pharma Advanced: Morgan Stanley initiates coverage with ‘overweight’, target price at Rs 895.

• BPCL: Haitong International initiates coverage with ‘outperform’ rating, sets target price at Rs 498.

• ONGC: Haitong International initiates coverage with ‘outperform’ rating, sets target price at Rs 180.

• Indian Oil: Haitong International initiates coverage with ‘neutral’ rating, sets target price at Rs 132.

• HPCL: Haitong International initiates coverage with ‘outperform’ rating, sets target price at Rs 334.

• Oil India: Haitong International initiates coverage with ‘neutral’ rating, sets target price at Rs 218.