Stocks in the news: YES Bank, Wipro, Mindtree, Suzlon, DHFL and Cox & Kings
Group of Ministers led by Home Minister discussed the revival of loss-making MTNL.
YES Bank, Wipro: Mindtree, Wipro, YES Bank, Tata Elxsi, Dhanlakshmi Bank, Aditya Birla Money and DFM Foods are a few companies which will report June quarter results today.
Suzlon Energy: Suzlon Energy said it defaulted on $172 million (Rs 1,200 crore) of foreign currency convertible bonds (FCCBs) that came up for redemption on Tuesday.
Cox and Kings: The company defaulted on a Rs 45-crore commercial paper and interest payment on a NCD to the tune of Rs 41,09,589.
Jet Airways: The lenders to the bankrupt Jet Airways , who met for the first time since the carrier was sent to the NCLT, are understood to have decided to call for expressions of interest to sell the meager assets of the airline by Saturday.
DHFL: Lenders to the NBFC are ready to accept limited haircuts in a restructuring plan being worked out for the troubled firm, sources said. The stock will be excluded from the equity derivatives segment on the National Stock Exchange from September 27.
MCX: Multi Commodity Exchange of India reported a 496 per cent increase in its net profit for the first quarter (Q1) of 2019-20.
MTNL: Group of Ministers led by Home Minister Amit Shah discussed revival of loss making telecom firms BSNL and MTNL.
Mindtree: After acquiring Mindtree in a hostile takeover, Larsen and Toubro (L&T) Tuesday sought to assuage investor concerns, saying it can provide further impetus to the IT company's growth by way of board-level oversight and relevant client connects.
Adani Ports and Special Economic Zone: The company said it will raise up to $650 million by issuing unsecured notes.
DCB Bank: The bank reported a rise of 17 per cent in its net profit to Rs 81 crore for the first quarter ended June 30.The bank's net profit in the April-June 2018 quarter had stood at Rs 70 crore.
ONGC: Moody's Investors Service affirmed state-owned ONGC's Baa1 local and foreign currency issuer ratings, saying it reflect an improvement in the firm's credit metrics because of rise in oil prices.
Oil India: State-owned ONGC and Oil India alongside private sector Vedanta walked away with almost all of the oil blocks auctioned in the latest licensing round as part of the government's effort to raise domestic production.
NTPC: The state-owned power producer said it has commissioned the first unit of 660 MW capacity under Nabinagar Super Thermal Power Project.
Tata Power: The company said it has partnered with NTT Com-Netmagic to build 50 megawatt (MW) solar photovoltaic power plant in Solapur, Maharashtra.The NTT Com-Netmagic is a managed hosting and multi-cloud hybrid IT solution provider.
BHEL: NMDC has sent a termination notice to state-owned firm BHEL for not completing in time a contract to set up a raw material handling system (RMHS) at the miner's under-construction integrated steel plant at Nagarnar, an official said.
TV18 Broadcast: The company reported a consolidated net profit of Rs 23.17 crore in the first quarter ended June 30.
- Arihant Superstructures Limited: Ashokkumar Bhanwarlal Chhajer Huf has bought 50,000 shares through Market Purchase on Jul 10, 2019.
- Arihant Superstructures Limited: Sangeeta Ashokumar Chhajer has bought 45,000 shares through Market Purchase on Jul 10, 2019.
- No Sell entry for the day.
Bulk and Block Deals :
|Blg Tickers||Date||Company Name||Acquirer/Seller||Buy /Sell||Qty Traded||Price|
|ABINFRA||16-Jul-19||A B Infrabuild Limited||Aarav Financial Services Pvt.ltd||Buy||120,000||27.50|
|ABINFRA||16-Jul-19||A B Infrabuild Limited||Intellect Stock Broking Limited||Buy||108,000||27.50|
|BLIS||16-Jul-19||Bliss GVS Pharma Ltd||Anirudh Damani||Sell||525,000||158.25|
|CBC||16-Jul-19||Chembond Chemicals Ltd||Awriga Capital Advisors Llp||Buy||80,000||263.00|
|DENC||16-Jul-19||Denis Chem Lab Limited||Own Infracon Private Limited||Buy||652,127||45.00|
|DENC||16-Jul-19||Denis Chem Lab Limited||Charandeep Singh||Sell||652,127||45.00|
|EROS||16-Jul-19||Eros International Media Limited||Swapnil Mehta||Sell||449,643||15.70|
|INTEC||16-Jul-19||Intense Technologies Ltd||Uno Metals Ltd||Buy||142,410||27.39|
|INTEC||16-Jul-19||Intense Technologies Ltd||Mohini Dayanand Rao||Sell||146,000||27.36|
|JAKHARIA||16-Jul-19||Jakharia Fabric Limited||Overskud Multi Asset Management Private Limited||Buy||21,600||188.00|
|JAKHARIA||16-Jul-19||Jakharia Fabric Limited||Shah Amar Mukeshbhai||Sell||21,600||188.00|
|MAXIMUS||16-Jul-19||Maximus International Limited||Goodpoint Commodeal Private Limited||Buy||181,000||44.09|
|MAXIMUS||16-Jul-19||Maximus International Limited||Overskud Multi Asset Management Private Limited||Sell||181,000||44.09|
|OIL||16-Jul-19||Oil Country Tubular Ltd||Manju Devi Sharma||Buy||500,819||7.50|
|OIL||16-Jul-19||Oil Country Tubular Ltd||Umw India Ventures(l) Ltd||Sell||500,000||7.50|
|SCFL||16-Jul-19||Shyam Century Ferrous Limited||Subham Buildwell Pvt. Ltd.||Buy||30,200,000||3.80|
|SCFL||16-Jul-19||Shyam Century Ferrous Limited||Brij Bhushan Agarwal Family Trust||Sell||7,500,000||3.80|
|SCFL||16-Jul-19||Shyam Century Ferrous Limited||Brij Bhusan Agarwal||Sell||22,700,000||3.80|