Stocks To Watch: Wipro, MapmyIndia, Future Enterprises, IRB Infra

India's stock benchmarks tumbled on Monday to log the second worst day in eight months, as concerns over omicron variant, rating downgrade by Morgan Stanley and RBI's plan to drain liquidity sapped sentiment.

The S&P BSE Sensex shed 2.09% to 55,822.01. The 30-stock gauge fell as much as 3.30% in intraday trade, the steepest decline in eight months. The NSE Nifty 50 index also slipped by similar magnitude to close at 16,614.20. The 50-stock gauge fell 3.39% in intraday trade to slip before 16,500.

Here Are The Stocks To Watch

• Wipro: Acquired cybersecurity consulting provider Edgile that focuses on risk and compliance, information and cloud security, and digital identity for Rs 1,745 crore.

• IRB Infrastructure: CCI approves acquisition of up to 16.94% equity share capital in the company by Bricklayers Investment (GIC).

• Rolex Rings: Entered into MoU with the Government of Gujarat for development of Textile & Apparel Park, IT Park and Toy Park at Gondal District with proposed investment of Rs 1,500 crore.

• RailTel: Received work order from DRDO worth Rs 68.3 crore. The entire work is to be completed in a period of seven months.

• Jubilant Ingrevia: Issued commercial papers of Rs 100 crore.

• Hatsun Agro Products: Commercial operations at ice cream manufacturing plant Telangana with a production capacity of 1 lakh kgs per day commenced.

• Welspun India: Secured an ESG rating of 48, which is 62% higher than the average industry score in a Dow Jones Sustainability Index.

• Bajaj Finance: Board to meet on Jan. 13 to consider Q3 results.

• Bajaj Holdings and Investments: Board to meet on Jan. 20 to consider Q3 results.

• Kalpataru Power Transmission: Completed transfer of 49% stake (23% by Kalpataru and 26% by TEECL) in Kohima-Mariani Transmission Ltd. to Apraava Energy Pvt. Ltd.

Offerings

• Supriya Lifesciences IPO subscribed 71.5 times on the final day.

• CMS Info Systems’ three-day offer to kick off today. Company raised Rs 330 crore from 12 anchor investors prior to the IPO.

Listings

MapmyIndia (CE Info Systems) to list on Dec. 21. The issue was subscribed 154.7 times.

Insider Trades

• Grasim Industries: Promoter Group IGH Holdings Pvt. Ltd. bought 50,000 shares on Dec. 16.

• Thirumalai Chemicals: Promoter R. Parthasarathy bought 18,681 shares on Dec. 17.

• Indian Hotels Co.: Promoter Tata Sons Pvt. Ltd. bought 5,46,50,182 shares on Dec. 15.

• Bajaj Auto: Promoter Group Maharashtra Scooters Ltd. bought 25,000 shares on Dec. 17.

• Aditya Birla Capital: Promoter Group Birla Group Holdings Pvt. Ltd. bought 2,50,000 shares on Dec. 15.

• Aptus Value Housing Finance India: Executive Director and CFO Parthasarathy Balaji bought 4,50,000 shares on Dec. 15.

• Aditya Birla Sun Life AMC: Director A Balasubramaniam bought 1,900 shares on Dec. 20.

Pledge Share Details

• Aptus Value Housing Finance India: Executive Director and CFO Parthasarathy Balaji created a pledge of 4,50,000 shares on Dec. 15.

Bulk Deals

• Shriram Properties: Nomura India Investment Fund bought 20,00,000 shares (1.11%) at Rs 95.53 apiece.

• Future Enterprises: Enam Finance bought 50,00,000 shares (12.7%) at Rs 11.6 apiece.

Who’s Meeting Whom

• Tata Consumer Products: To meet Point72 Asset Management on Dec. 21.

• Somany Home Innovation: To meet Dolat Capital on Dec. 21.

• Adani Enterprises: To meet Mahindra Manulife on Dec. 21.

• The Phoenix Mills: Met Kotak Securities on Dec. 20.

• CSB Bank: Met Investec Capital Services (India) Pvt. Ltd. on Dec. 20.

• Clean Science and Technology: To meet Equentis Wealth on Dec. 21.

• ICICI Lombard: Met GIC, Singapore on Dec. 20.

• ICICI Prudential: Met Segantii Capital Management on Dec. 20.

• RBL Bank: Met lshana Capital on Dec. 20.

• ACC: To meet ICICI Prudential Mutual Fund on Dec. 21.

• Yes Bank: Met Antique Stock Broking Ltd. on Dec. 20.

Trading Tweaks

• Price Band Changed From 10% To 5%: Hindustan Construction Company, Network18 Media & Investments.

• Price Band Changed From 20% To 10%: Steel Exchange India

• Shortlisted In Long-Term ASM Framework Stage-I: Borosil, Mindteck (India)

• Shortlisted In Short-Term ASM Framework Stage-I: Manaksia Aluminium Company, Burnpur Cement

Analyst Actions

• Shriram Transport: Macquarie cuts rating from ‘outperform’ to ‘neutral’, price target set at Rs 1,250.

• Aditya Birla Fashion & Retail: Anand Rathi Securities raises rating to ‘buy’ from ‘hold’, price target set at Rs 349.