Stocks To Watch

• SBI Life Insurance Company: The company is liable to refund Rs 84 crore plus interest amounting to Rs 27 crore with effect from July 11, 2017, for its Supersuraksha Life Insurance Policy on orders of the Insurance Regulatory and Development Authority of India, according to an exchange filing. The company is examining legal remedies after the Supreme Court upheld the IRDAI order on July 26, 2021. For Dhanaraksha Life Insurance Policy, SBI Life was originally directed to refund a sum of Rs 275 crore.

• Ujjivan Small Finance Bank: Restructured book at Rs 769 crore as of June 30. Provisions on book at Rs 1,149 crore. MicroBanking GNPA at 11.6%, Affordable Housing GNPA at 4.5% and MSE GNPA at 11.6%.

• Rattanindia Enterprises: To make a strategic investment in U.S.-based Matternet, an urban drone logistics platform. With this investment, REL has forayed into the deep-tech Unmanned Aerial Vehicle industry.

• Capacite Infraprojects: The company’s orderbook stood at Rs 8,871 crore as on June 30. 61% of the orderbook comprised of public sector orders and 39% comprised of private sector orders.

• GMR Infrastructure: Board to meet on August 13 to consider raising up to Rs 6,000 crore in one or more tranches through issue of securities including a QIP and/or FCCBs.

• Insecticides (India): Closed buyback on August 10. The company bought back 9.35 lakh equity shares, at an average price of Rs 525.35 per equity share, for an aggregate amount of Rs 49.16 crore.

• Chalet Hotels: Appointed Milind Wadekar as Chief Financial Officer effective August 10.

• Karnataka Bank: The bank is in the process of upgrading its technological platforms and is proposed to undertake tech migration activity between August 14-17. Even though all the necessary alternate arrangement is put in place to ensure normal banking operations during this period, the probability of unanticipated technical glitches can’t be totally ruled out, the bank said.

IPO Watch

• Tarsons Products Ltd. seeks to raise as much as Rs 150 crore ($20.2 million) selling new shares, while its shareholders plan to sell as many as 1.32 crore shares in an offer-for-sale as part of the initial public offering, according to its draft prospectus. The Kolkata-based supplier of labware products to life sciences industry may consider a pre-IPO private placement of up to Rs 30 crore worth of shares.

• API Holdings Pvt., owner of India’s largest online pharmacy PharmEasy, is considering a initial public offering that could raise as much as $1 billion, according to people familiar with the matter.

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Stocks to watch 12/08/2021

The US consumer price inflation rate stood at 5.4 percent in July 2021, unchanged from the previous month's 13-year high and slightly above market expectations of 5.3 percent, reflecting the low base effect caused by the coronavirus crisis, the re-opening of the economy and continued supply constraints.

Positive Stocks

Bata India
Cummins
Phoenix Mills
Talwalkars
Force motors
Suprajit
Cesc
VA tech
VIP Ind

Negative stocks
Lupin
Cadila health
Multiplexes
Paint cos, airlines
Endurance
Take solutions
PTC India
Creditaccess
Mas fin

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Positive Stocks
Nmdc
Airlines
Eil
Knr const
Rvnl
Redington
Page Ind
Eid party
Gnfc
Tata motors
Tata power

Negative stocks
Tata Steel
Ashok Leyland
Eicher motors
Hero motocorp
Zee ent
NFL

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DIIs are net Buyers this week.

FII's / Foreign Institutional Investors also net Buyers this week.

Positive Stocks

Tata Steel
Ongc
NGL
Petronet LNG
Glenmark
Apollo hosps
Fortis health
Amara Raja
Info edge
Tata motors
Eclerx

Negative stocks

Voda Idea
Spicejet
GIC
Spandana sphoorthy

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