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Stocks To Watch: Wipro, TVS Motor, MAS Financial Services, ICRA, EID-Parry

Here are the stocks to watch in trade today...

The National Stock Exchange of India Ltd. (NSE) building stands in the Bandra Kurla Complex in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The National Stock Exchange of India Ltd. (NSE) building stands in the Bandra Kurla Complex in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India's stock benchmarks snapped a three-day winning streak after fluctuating between gains and losses in a volatile session, as losses in I.T. and realty stocks offset the gains in consumer durables and telecom stocks.

The S&P BSE Sensex closed little changed at 58,279.48 on Tuesday. The 30-stock index rose to a record 58,553.07 in intraday trade. The NSE Nifty 50 declined 0.09% to 17,362.10. The 50-stock index hit a record 17,436.60 in intraday trade.

Here are the stocks to watch in trade today:

  • Wipro: The company has partnered with Securonix to deliver managed security services. Securonix’s cloud-first SIEM, analytics-driven detection and automated response tools with Wipro’s global reach and cybersecurity intelligence capabilities will provide organizations with improved governance and security threat protection, the company said.

  • MAS Financial Services: The company has entered into a strategic co-lending partnership with Bank of India for lending to micro, small and medium enterprises.

  • TVS Motor Company: Appointed ETG Logistics as new distributor. ETGL will operate 30 dealerships for TVS Motor in South Africa as part of this partnership.

  • EID-Parry (India): To set up 120 KLPD Grain/Sugar Syrup/Molasses based distillery at the company's Sankili unit in Andhra Pradesh. The distillery will cost company Rs 92.50 crore and the work is expected to be completed by November 2022.

  • ICRA: Life Insurance Corporation of India sold more than 2.07 lakh equity shares of the company, reducing shareholding to 5.81% from 7.96% earlier.

  • National Fertilizers: Appointed Nirlep Singh Rai as Chariman and Managing Director of the company effective September 6.

  • PSP Projects: The company is in receipt of Letter of Intent(s) for projects worth Rs 132.57 crore towards industrial and precast segment from different clients in Gujarat.

  • Vidhi Specialty Food Ingredients: The company has set up 2 MW Solar Power Plant at Rambhapur in Akola, Maharashtra.

Pledge Share Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings revoked pledge of 2.50 lakh shares on September 3.

    As reported on September 7.

Bulk Deals

  • Stove Kraft: HSBC Global Investment Funds bought 5.37 lakh shares (1.65%) at Rs 929.85 per share. Sequoia Capital India Growth Investment Holdings sold 8.05 lakh shares (2.47%) at Rs 932.92 per share.

Block Deals

  • Olectra Greentech: Nomura India Investment Fund bought 28.20 lakh shares (3.44%) at Rs 321 per share. Promoter Goldstone Power sold 28.20 lakh shares (3.44%) at Rs 321 per share.

Insider Trades

  • Gati: Promoter TCI Finance sold 16,956 shares on September 3.

  • Jindal Stainless (Hisar): Promoter JSL Overseas bought 1.25 lakh shares on September 3.

  • JB Chemicals & Pharmaceuticals: Promoter Pranabh Mody sold 4,000 shares on September 6.

  • Nava Bharat Ventures: Promoter D Ashok bought 75,000 shares between September 3-6.

  • Pil Italica Lifestyle: Promoter Dawood Investment sold 46 lakh shares between September 6-7.

  • Sequent Scientific: Promoter Aditya Kumar sold 74,627 shares between August 31-September 6.

Who’s Meeting Whom

  • UltraTech Cement: To meet American Century Investments and C WorldWide Asset Management on September 8.

  • Puravankara: To meet HSBC Securities Capital Markets (India) on September 8 and LIC Mutual Fund on September 9.

  • Kalyan Jewellers: To meet Moon Capital Management LP on September 8.

  • Nazara Technologies: To meet Steadview Capital on September 9 and GIC on September 15.

Trading Tweaks

  • Ex-Date AGM: Power Grid Corporation of India, Glenmark Pharmaceuticals, Gujarat State Fertilizers & Chemicals, IOL Chemicals and Pharmaceuticals, Muthoot Finance, India Nippon Electricals, Uflex, Uttam Sugar Mills, Gokaldas Exports, Mangalam Cement, Jindal Stainless, Nitin Spinners, Themis Medicare, Triveni Engineering & Industries, Ajmera Realty & Infra India, Genus Power Infrastructures, Vadilal Industries, Alicon Castalloy, Gulf Oil Lubricants India, Gulshan Polyols, Music Broadcast, Pilani Investment and Industries Corporation, Garware Technical Fibres, Jindal Stainless (Hisar), Salasar Techno Engineering, PSP Projects, ISGEC Heavy Engineering, IIFL Wealth Management, Rossari Biotech

  • Ex-Date Final Dividend: Acrysil, Ajmera Realty & Infra India, Dhanvarsha Finvest, Filatex India, Garware Technical Fibres, Glenmark Pharmaceuticals, Gulf Oil Lubricants India, Gulshan Polyols, IOL Chemicals & Pharmaceuticals, ISGEC Heavy Engineering, MOIL, NTPC, Oil and Natural Gas Corporation, Pilani Investment and Industries Corporation, Power Grid Corporation of India, PSP Projects, PTC India, Rossari Biotech, Sahyadri Industries, Salasar Techno Engineering, Sequent Scientific, Themis Medicare, Triveni Engineering & Industries, TV Today Network

  • Ex-Date Dividend: Genus Power Infrastructures, Gujarat State Fertilizers & Chemicals, Gujarat State Petronet, Gujarat Gas, Mangalore Chemicals & Fertilizers, Mangalam Cement, Mukand, Nitin Spinners, Uflex

  • Ex-Date Interim Dividend: Vedanta

  • Ex-Date Rights Issue: Asian Granito India

  • Ex-Date Bonus Issue: Mahindra Holidays & Resorts India

  • Record Date Final Dividend: Triveni Turbine, Prince Pipes and Fittings

  • Record Date Dividend: Capri Global Capital, Axtel Industries, Goodricke Group, Parag Milk Foods

  • Price Band Revised From 10% To 5%: Themis Medicare, Zen Technologies

  • Price Band Revised From 20% To 10%: Sobha

  • Move Into Short-Term ASM Framework: Zen Technologies, Prestige Estates Projects, Delphi World Money, Fiem Industries, Shreyas Shipping & Logistics

  • Move Into ASM Framework: Sobha