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Stocks in the news: RIL, Bharti Airtel, TCS, YES Bank, Vodafone Idea and HCL Tech

Sources told PTI that no AGR demand notice was served either on GAIL or PowerGrid.

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Last Updated: Jan 17, 2020, 08.20 AM IST
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Moody's Investors Service placed Yes Bank’s long-term foreign currency issuer rating of B2 under review, with the direction uncertain.
NEW DELHI: Nifty futures on the Singapore Exchange traded 12 points, or 0.10 per cent, lower at 12,359.50, indicating a tepid start for Dalal Street. Here are a few stocks which may nu

RIL, TCS & HCL Tech: Reliance Industries is expected to report a 10-14 per cent yearly rise in profit for the December quarter. TCS is expected to report a flat profit growth on slowdown in banking & financial services and retail segments. Another IT firm HCL Technologies is expected to report modest rise in profits. KEI Industries, ICICI Lombard, L&T Technology Services, Blue Dart and L&T Finance will also report their quarterly results today.

Bharti Airtel, Vodafone Idea: With the Supreme Court rejecting a review of its order that put Rs 1.47 lakh crore liability of past dues on telecom companies, firms such as Bharti Airtel and Vodafone Idea are evaluating filing a curative petition before the apex court for relaxation on penalties and payment deadline.

GAIL, Power Grid, Oil India and GNFC: Sources told PTI that no AGR demand notice was served either on GAIL or PowerGrid and only assessment orders were issued which the two companies contested putting across facts on revenues earned from such licenses. The assessment put GAIL liability at Rs 1.72 lakh crore and that of PowerGrid at Rs 21,000 crore. Another Rs 40,000 crore liability was assessed of Oil India. However, a demand notice was served in case of GNFC for Rs 15,097 crore.

Max Financial Services: US private equity buyout group Bain Capital is looking to join hands with Sunil Munjal’s Hero Corporate Services to buy a controlling stake in Max Financial Services from Analjit Singh, said multiple people aware of the talks.

Reliance Capital: Global distressed asset buyers are picking up Reliance Capital’s junk-rated debt securities following an assurance by its home finance unit that 98% of retail debenture holders will get their money back

GAIL India: The company board has approved raising up to Rs 1,500 crore in debt to part-fund its pipeline capacity expansion plan

YES Bank: Moody's Investors Service placed Yes Bank’s long-term foreign currency issuer rating of B2 under review, with the direction uncertain.

IDBI Bank: Suresh Khatanhar has been appointed as deputy managing director at IDBI Bank with effect from January 15 for a period of 3 years.

GMR Infra: GMR Infrastructure said it will sell 49 per cent stake instead of 44.44 per cent in its airport business to Tata Group subsidiary TRIL Urban Transport, as the group continues with efforts to trim its debt.

Shriram Transport Finance Company: The companuy said it has raised $500 million through social bonds, out of $3 billion fund raising plans approved by its board.

Karnataka Bank: Private sector lender Karnataka Bank reported a 12 per cent decline in its net profit at Rs 123.14 crore for the third quarter ending December 31, 2019 on account of rise in bad loans.

Insider Buys:
  • No buy entry reported for the day.
Insider Sells:
  • Yes Bank Limited: Swati Dakalia has sold 90,000 shares through Market Sale from Dec 30, 2019 to Dec 31, 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
APH 16-Jan-20 Alphageo (India) Ltd Wallfort Financial Services Ltd Buy 40,000 199.30
AUIN 16-Jan-20 Authum Investment & Infrastructure Ltd Realstep Vinimay Private Limited Sell 70,700 124.85
GTIC 16-Jan-20 Gati Ltd Ratnabali Securities Private Limited Buy 550,000 69.98
GTIC 16-Jan-20 Gati Ltd Allcargo Logistics Limited Buy 1,500,000 70.00
GTIC 16-Jan-20 Gati Ltd Globe Capital Market Ltd. Sell 604,043 69.90
IGLY 16-Jan-20 India Glycols Ltd Anirudh Damani Buy 400,000 275.74
NIRL 16-Jan-20 Nirlon Ltd Venus Master Fund Buy 544,546 285.00
NIRL 16-Jan-20 Nirlon Ltd Itf Mauritius Sell 544,546 285.00
SEPL 16-Jan-20 S.E. Power Limited Plutus Terra India Fund Sell 1,269,308 2.45
SRL 16-Jan-20 Speciality Restaurants Limited Paradice Global Small Mid Cap Fund Sell 460,403 69.10
VACL 16-Jan-20 Vaxtex Cotfab Limited Shivang R Vachheta Buy 126,000 23.98
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)
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