Stocks in the news: Coffee Day, UltraTech Cement, Sterling & Wilson, JSW Steel and SpiceJet
Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance.
Last Updated: Jan 24, 2020, 10.36 AM IST
NEW DELHI: Nifty futures on the Singapore Exchange traded 24.50 points, or 0.20 per cent, lower at 12,172, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:
Sterling & Wilson Solar: Kenneth Andrade’s Old Bridge Capital Management has written to Sebi accusing Shapoorji Pallonji (SP) group of suppressing ‘material information’ in the initial public offering (IPO) prospectus of its subsidiary Sterling & Wilson Solar.
Infosys: Markets watchdog Sebi is likely to call for a forensic audit of the books of Infosys as it continues to probe whistleblower allegations of alleged financial irregularities at the company, according to sources.
Coffee Day Enterprises: The Coffee Day Group has signed up with the Chennai-based Shriram Group to sell one of its financial services units, Way2Wealth Securities, for an undisclosed sum as part of its efforts to dispose of non-core assets to cut debt and shore up resources for working capital.
UltraTech, Bank of Baroda: UltraTech Cement, JSW Steel, Bank of Baroda, Indian Bank, Prestige Estates and EIHare some of the companies which will report their Decemner quarter earnings today.
JSW Steel: The company plans to raise Rs 1,000 crore through allotment of 10,000 secured, redeemable, non-convertible debentures bearing a face value of Rs 10 lakh each on a private placement basis.
SpiceJet: Budget carrier SpiceJet expects a “substantial” profit hit from the grounding of Boeing’s 737 MAX aircraft, chairman Ajay Singh said on Thursday. The carrier is in active talks with the planemaker on compensation for 737 MAX-related costs, Singh said.
Bharti Airtel: The telecom operator has sought more time to pay since the top court will be hearing its modification plea next week. Besides, the company's chief regulatory officer Ravi Gandhi has decided to step down from the position.
PNB Housing Finance: Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance and decided to maintain a minimum 26% shareholding as a promoter, amid a plunge in December quarter earnings.
Canara Bank: State-owned Canara Bank’s October-December net profit rose 3.8% boosted by a surge in retail loans despite a fall in corporate loan book reflecting the poor investment climate.
Biocon: The company reported a near 7% decline in net profit to ₹203 crore in the October-December quarter on the back of higher research and development (R&D) expenses and tax impact of an exceptional item.
SBI: Arm SBI Cards & Payments Services is trading at a Rs 200-250 premium in the grey market ahead of its proposed share sale in February, said three dealers involved in such trades. The company is likely to be valued at Rs 57,000-60,000 crore in the initial public offering.
HDFC Life: HDFC Life Insurance, India’s most valuable pure-play listed insurer, reported flat growth in net profit in the three months to December, reflecting the bottom-line impact of surging new business.
DLF: Realty developer DLF, backed by Singapore’s sovereign fund GIC, plans to invest Rs 5,000 crore to develop a 6.8 million square feet information technology park in Chennai, making the south Indian city its second largest market after Gurugram.
Jindal Steel: The National Company Law Appellate Tribunal (NCLAT) on Thursday adjourned till January 31 its hearing on Bhushan Power and Steel Ltd's sale to JSW Steel under the insolvency process.
Coromandel International: The stock of Coromandel International has gained 20 per cent over the past month due to the company’s focus on unique grade products and rising backward integration. These products typically fetch higher margins.
ITI: Ahead of the further public offering (FPO), public sector unit ITI said it intends to raise about Rs 1,400 crore of which Rs 607 crore shall be utilised for repaying loans.
Cholamandalam Investment and Finance: Financial services company Cholamandalam Investment and Finance reported a 28 per cent jump in net profit at Rs 389 crore for the quarter ended December 31.
Nippon Life India Asset Management: The country's fifth largest mutual fund by assets saw its net profit for the December quarter rise by 36% to ₹149 crore from the same period a year ago.
ZEE Media: Broadcast news network Zee Media Corporation on Thursday reported a consolidated net loss of Rs 181.87 crore in the third quarter ended December 2019.
Zensar Tech: Zensar Technologies on Thursday posted a 32.6 per cent fall in net profit to Rs 39.5 crore for the December 2019 quarter. It had posted a profit of Rs 58.6 crore in the year-ago period, Zensar Technologies said in a statement.
PVR: Multiplex operator PVR Ltd on Thursday reported a consolidated net profit after tax at Rs 36.26 crore in the third quarter ended December 2019.
BSE: Leading stock exchange BSE has said it will introduce future contracts on aluminium and zinc from January 27.
Allahabad Bank: The board of the bank will meet on January 24 to consider and approve the preferential issue of shares.
Apollo Micro Systems: The board of the company will meet today for general purposes.
Birla Precision Tech: The board of the company will meet today to consider and approve the preferential issue of shares among others.
Wendt (India): The board will meet today to consider and approve quarterly results and interim dividend.
South Indian Bank: The board of the bank will meet today for general purposes.
Stampede Capital: The board of the company will meet today for general purposes.
- Newgen Software Technologies Limited: Newgen Esop Trust has bought 370,000 shares through Others on Jan 21, 2020.
- L&T Finance Holdings Limited: Manoj Shenoy has sold 280,000 shares through Market Sale on Jan 22, 2020.
- L&T Finance Holdings Limited: Sunil Prabhune has sold 765,000 shares through Market Sale on Jan 22, 2020.
Bulk and Block Deals :
Note: Insider Buy/Sell is as defined by SEBI Insider Trading Regulations, 1992 Bulk Deal is defined as any trade in which quantity transacted is more then 0.5% of the companies equity shares listed on the exchanges. The above mentioned data is not completely Extensive as relatively smaller trades have been excluded. (Edelweiss Alternative Research)
|Blg Tickers||Date||Company Name||Acquirer/Seller||Buy /Sell||Qty Traded||Price|
|ECORL||23-Jan-20||Eco Recycling Limited||Forbes Emf||Buy||165,014||33.00|
|ECORL||23-Jan-20||Eco Recycling Limited||Lotus Global Investments Limited||Sell||165,014||33.00|
|GOCA||23-Jan-20||Goa Carbon Ltd||Alpha Leon Enterprises Llp||Sell||16,185||340.30|
|IHLL||23-Jan-20||INDIA HOME LOANS LIMITED||Manharlal Chimanla Parikh Huf||Buy||118,133||49.80|
|IHLL||23-Jan-20||INDIA HOME LOANS LIMITED||Innovate Securities Pvt L||Sell||118,133||49.80|
|IHFL||23-Jan-20||Indiabulls Housing Finance Limited||Credit Suisse (singapore) Limited A/c Credit Suisse (singapo||Buy||2,293,306||311.68|
|KHI||23-Jan-20||Kamat Hotels (India) Ltd||Pratibha Dayakrishna Goyal||Buy||124,815||39.64|
|KHI||23-Jan-20||Kamat Hotels (India) Ltd||Bhatia Suresh Huf||Sell||141,399||39.23|
|OTRI||23-Jan-20||Oriental Trimex Ltd||Capston Capital Partners||Sell||361,000||10.20|
|RPWR||23-Jan-20||Reliance Power Ltd||Axis Trustee Services Limited||Sell||17,227,879||2.15|
|RPWR||23-Jan-20||Reliance Power Ltd||Alpha Leon Enterprises Llp||Sell||9,022,022||2.12|
|TUDL||23-Jan-20||Tulive Developers Ltd||Cnc Realty Private Ltd||Buy||73,733||242.50|
|TUDL||23-Jan-20||Tulive Developers Ltd||Vaidyanathan Suresh||Sell||73,733||242.50|
|YES||23-Jan-20||Yes Bank Ltd||Tower Research Capital Markets India Private Limited||Sell||437,100||40.13|
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