Stocks To Watch: Zomato, Vedanta, Kotak Bank, MedPlus Health Listing, Indiabulls Real Estate

India's stock benchmarks advanced for the second consecutive session and logged the biggest single day gains since December 8, aided by banking, auto, metals and realty stocks.

The S&P BSE Sensex rose 1.09% on Wednesday to 56,930.56. The 30-stock gauge reached within touching distance of 57,000 mark in intraday trade. The Nifty also advanced by similar magnitude to 16,955.45.

Here Are The Stocks To Watch

• Zomato: Zomato, Swiggy, Ola and Uber served petition filed by the Indian Federation of App-Based Transport Workers. Petitioners seek directions from the Supreme Court to the government to notify or recognize app based workers as 'workers' or alternatively as 'unorganised workers' or 'wage workers' under various labour legislations.

• Zee Entertainment: Brand Zee gets merged in the new entity. New merged board will decide which brand to keep, says Punit Goenka.

• Vedanta: Proposes to offer NCDs aggregating up to Rs 1,000 crore in one or more tranches and in this regard, is holding a meeting of directors on Dec. 27.

• Tata Motors: Incorporated a wholly owned subsidiary named Tata Passenger Electric Mobility Ltd.

• Axis Bank: Approves allotment of Rs 2,600-crore worth debentures at 6.99%.

• Indiabulls Real Estate: Approves raising of up to Rs 1,500 crore via qualified institutional placement.

• Kotak Mahindra Bank: Kotak Mahindra Prime acquires the Indian captive financing arm of Ford Motor Company, Ford Credit India. Acquisition gives Kotak Prime access to over 16,000 customers with outstanding loans of Rs 425 crore.

• Cineline, PVR: Cineline to re-enter exhibition business via owned properties, to acquire additional properties on lease. Its various leave and license agreements with PVR are expiring in March 2022.

• Great Eastern Shipping: To consider share buyback proposal on Dec. 27.

• Mahindra CIE: To meet on Feb. 22 to consider Q3 results.

• Somany Ceramics: National Company Law Tribunal, Kolkata Bench has pronounced an order approving the scheme of amalgamation of Schablona India Limited with self.

• Mindspace REIT: CRISIL Ratings has assigned ‘CRISIL AAA/Stable’ to its non-convertible debentures of upto Rs. 100 Crores.

• The Phoenix Mills: National Company Law Tribunal, Mumbai Bench has approved the scheme of merger by absorption of Phoenix Hospitality Company Pvt. Ltd. into the company.

• Inox Wind Energy: To consider the proposal for raising of funds by way of private placement/ preferential issue of one or more instruments including equity shares on Dec. 27.

• HFCL: Received the purchase order of Rs 119.1 crore, from one of the network and engineering service providers, for supply of optical fibre cables.

Offerings

• CMS Info Systems IPO subscribed 69% on day two.

Listings

• MedPlus Health to list today. The issue was subscribed 52.59 times.

Pledge Share Details

• Asahi India Glass: Promoter and Director Sanjay Labroo revoked a pledge of 1,00,000 shares on Dec. 20.

• Jayaswal Neco Industries: Promoter Group Jayaswal Neco Metallics Pvt. Ltd. revoked a pledge of 73,84,281 shares on Dec. 20.

• Sun Pharmaceutial Industries: Director Sailesh T. Desai created a pledge of 15,000 shares on Dec. 20.

• Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust revoked a pledge of 2,61,800 shares on Dec. 21. Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust created a pledge of 6,00,000 on Dec. 21.

• Crompton Greaves Consumer Electricals: Secretary and Compliance Officer Pragya Sahal Kaul created a pledge of 16,070 shares on Dec. 21.

• IIFL Wealth Management: Promoter and Director Karan Bhagat created a pledge of 2,09,000 shares on Dec. 20. Promoter Group Shilpa Bhagat created a pledge of 11,00,000 shares on Dec. 20.

Insider Trades

• Chambal Fertilisers & Chemicals: Promoter Group Adventz Finance Pvt. Ltd. bought 2,00,000 shares on Dec. 20.

• Maharashtra Seamless: Promoter Group Sudha Apparels Ltd. bought 75,032 shares between Dec. 17 and Dec. 20.

• Mukand: Promoter Group Bachhraj & Company Pvt. Ltd. bought 73,924 shares between Dec. 17 and Dec. 20.

• Bajaj Holdings & Investments: Promoter Group Bachhraj Factories Pvt. Ltd. bought 69,179 shares between Dec. 17 and Dec. 20.

• CCL Products (India): Promoter and Director Challa Srishant bought 12,775 shares on Dec. 21.

• Kitex Garments: Promoter and Director Sabu M. Jacob bought 66,850 shares on Dec. 20.

• Vaibhav Global: Promoter Group Brett Enterprises Pvt. Ltd. bought 5000 shares on Dec. 21.

Bulk Deals

• Sintex Industries: Manjeet Cotton sold 35 lakh shares (0.58%) at Rs 13.3 apiece on Dec. 22.

Who’s Meeting Whom

• RBL Bank: Met ApaH Capital Management on Dec. 21 and Surveyor Capital on Dec. 22.

• Max Healthcare: To meet Polar Capital, Putnam Investments and Canara Robeco MF on Dec. 23.

• Polycab India: To meet IIFL AMC on Dec. 23.

• Cipla: To meet ​​Antique Stock Broking Ltd. on Dec. 23.

• IndusIns Bank: Met ICICI Securities Ltd. on Dec. 22.

• Narayana Hrudalaya: Met Quantum Mutual Fund on Dec. 21 and ICICI Prudential Mutual Fund on Dec. 22.

• ICICI Prudential: Met UTI Asset Management Company on Dec. 22.

• ICICI Lombard General Insurance: Met Batlivala & Karani Securities India on Dec. 22.

Trading Tweaks

• Price Band Changed From 10% To 5%: Sarveshwar Foods, STL Global.

• Shortlisted In Long-Term ASM Framework Stage-I: Steel Exchange India.

• Shortlisted In Short-Term ASM Framework Stage-I: Precision Wires India.

• Record Date Interim Dividend: Power Grid Corporation, Can Fin Homes.

• Record Date Final Dividend: Brightcom Group.

• Stock Split Record Date: Precision Wires.

Analyst Actions

• Spicejet: Raised to ‘accumulate’ from ‘reduce’ at Elara Securities, target price set at Rs 70.

• IndiGo: Raised to ‘buy’ from ‘accumulate’ at Elara Securities, target price set at Rs 2,252.

• Zee Entertainment: Cut to 'accumulate' from 'buy' at Dolat Capital, price target at Rs 382.