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Stocks in the news: HDFC Bank, Thomas Cook, RIL, Kotak Bank, Strides Pharma, DHFL and BHEL

Travel services firm Thomas Cook India has no relationship with UK-based Thomas Cook Plc.

Jul 22, 2019, 08.12 AM IST
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State-owned BHEL said it has secured an order worth Rs 486 crore from Nuclear Power Corporation of India Ltd (NPCIL)
NEW DELHI: Nifty futures on the Singapore Exchange were trading 29.50 points, or 0.26 per cent, lower at 11,400, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Kotak Mahindra Bank, TVS Motor: United Spirits, Kotak Mahindra Bank, TVS Motor, OBC, Just Dial, Mastek and GSK Pharma are among companies, which will announce their quarterly results today.

HDFC Bank: The lender posted a 21 per cent year-on-year (YoY) rise in standalone net profit at Rs 5,568.16 crore for the quarter ended June 2019. The private sector lender had posted a net profit of Rs 4,601.44 crore in the corresponding quarter last year.

Reliance Industries: Mukesh Ambani-led Reliance Industries reported 6.82 per cent yearly rise in profit at Rs 10,104 crore for the June quarter thanks to robust growth in telecom and retail businesses. Analysts in an ET NOW poll had projected a profit of Rs 9,550 crore.

Strides Pharma Science: The drug firm said the inspection of its formulation facility in Bengaluru by the US health regulator has completed successfully with a voluntary action indicated (VAI) classification.

DHFL: Lenders to Dewan Housing Finance (DHFL) may propose this week a six-month moratorium on repayments of around Rs 80,000 crore of outstanding loans under the inter-creditor agreement, with private equity investors likely buying a fifth of the embattled home financier after the debt recast.

Thomas Cook: Travel services firm Thomas Cook India has no relationship with UK-based Thomas Cook Plc and there are no implications on it from the issues being faced by the British firm, a top company official said.

Axis Bank: Private sector lender Axis Bank said its board has approved raising up to Rs 18,000 crore through an issue of equity shares, depository receipts or convertible securities.

InterGlobe Aviation: The two warring founders of IndiGo are trying to find a middle ground on contentious issues a day after a board meeting ended, but a consensus is still elusive. The board has decided to expand its strength to a maximum of 10 members.

Dr Reddy’s Labs: The drug major said it has completed sale of its US and select territory rights for two neurology products to Upsher-Smith Laboratories.

BHEL: State-owned BHEL said it has secured an order worth Rs 486 crore from Nuclear Power Corporation of India Ltd (NPCIL) to erect the reactor side equipment in unit 3 and 4 of Kudankulam project.

IFCI: The country's oldest public sector financial institution IFCI expects to mobilise Rs 1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange (NSE), during the current fiscal to fund business growth, a top company official said.

Bharti Airtel: The telecom operator will seek shareholders’ approval for a waiver of recovery of excess remuneration paid to company chairman Sunil Bharti Mittal and CEO Gopal Vittal in 2018-19, the telecom company said Sunday.

Punj Lloyd: Bankrupt engineering company Punj Lloyd has received initial bids from both strategic players and asset reconstruction companies, including Sterlite Power, Welspun Enterprises, International Asset Reconstruction Company (IARC), Rare ARC and Eight Capital, said a person aware of the development.

RBL Bank: The bank is planning a share sale to raise up to ₹3,500 crore, shoring up its capital base to expand into newer lending areas and maintain fast-paced growth in retail banking, chief executive officer Vishwavir Ahuja told ET.

Future Lifestyle Fashions: The Kishore Biyani-led Future Group company posted a 6.83 per cent fall in consolidated net profit at Rs 24.54 crore for the first quarter of 2019-20.

CG Power and Industrial Solutions: The Avantha Group Company has bagged a contract worth EUR 12.5 million (around Rs 96.77 crore) for setting up substations for a wind farm in Saudi Arabia.

Unitech: The crisis-hit firm reported a consolidated net loss of Rs 790.83 crore during the last fiscal Gurugram-based developer had posted a net loss of Rs 1,263.86 crore in the previous fiscal, the company said in a regulatory filing.

Insider Buys:
  • No Buy entry for the day.
Insider Sells:
  • Infosys Limited: Infosys Employee Benefits Trust has sold 74,000 shares through Market Sale on Jul 17, 2019.
  • PC Jeweller Limited: Sachin Gupta has sold 28,03,627 shares through Market Sale from Jul 2, 2019 to Jul 4, 2019.
Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

Bulk and Block Deals :
Blg Tickers Date Company Name Acquirer/Seller Buy /Sell Qty Traded Price
ATISHAY 19-Jul-19 Atishay Limited Hem Real Estate Private Limited Buy 170,000 60.00
ATISHAY 19-Jul-19 Atishay Limited Prateek Jain Sell 170,000 60.00
DRCL 19-Jul-19 Darjeeling Ropeway Company Limited Anupam Gupta Buy 35,000 95.25
DEWH 19-Jul-19 Dewan Housing Finance Corporation Ltd California Public Employees Retirement System Buy 4,151,515 53.60
MILL 19-Jul-19 MEDICO INTERCONTINENTAL LIMITED Rajvi Naresh Shah Sell 50,000 94.00
RBDL 19-Jul-19 R&B Denims Limited Hem Chand Jain Buy 100,000 28.00
RELI 19-Jul-19 Reliance Infrastructure Ltd California Public Employees Retirement System Sell 3,305,698 44.89
RIBA 19-Jul-19 Riba Textiles Ltd Sita Ram Buy 53,000 54.94
RIBA 19-Jul-19 Riba Textiles Ltd Kabir Shran Dagar Sell 53,000 55.00
SNGM 19-Jul-19 Sangam (India) Ltd Sangam E-com Limited Buy 1,900,000 45.00
SNGM 19-Jul-19 Sangam (India) Ltd Icici Prudential Blended Plan - Plan A Sell 1,822,777 45.00
SUPERSH 19-Jul-19 Supershakti Metaliks Limited Lgof Global Opportunities Limited Buy 81,300 407.00
SUPERSH 19-Jul-19 Supershakti Metaliks Limited Connecor Investment Enterprise Limited . Buy 81,300 407.00
SUPERSH 19-Jul-19 Supershakti Metaliks Limited Lts Investment Fund Ltd Sell 162,600 407.00
TALWGYM 19-Jul-19 Talwalkars Healthclubs Limited Chetan Rasiklal Shah Buy 119,585 58.25
VIKAS 19-Jul-19 Vikas Multicorp Limited Jignesh Jaswantrai Mehta Buy 6,500,000 2.80
VIKAS 19-Jul-19 Vikas Multicorp Limited Vikas Garg Sell 6,500,000 2.80
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. Source: Edelweiss Alternative Research

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