Stocks to watch 18/08/2021
Positive Stocks.
HDFC Bank
Asian paints
Tata motors
Kaveri seeds
HCL Tech
Cadila health
L&T
Bharat dynamics
ISGEC Heavy
Negative Stocks.
Bajaj auto. TVS motor
Max health
Sugar cos
Canara Bank
Indigo
Positive Stocks.
HDFC Bank
Asian paints
Tata motors
Kaveri seeds
HCL Tech
Cadila health
L&T
Bharat dynamics
ISGEC Heavy
Negative Stocks.
Bajaj auto. TVS motor
Max health
Sugar cos
Canara Bank
Indigo
Stocks To Focus
• HDFC Bank: The Reserve Bank of India has allowed the bank to issue new credit cards, partially removing a months-long ban on the lender, a person with direct knowledge of the matter said. The central bank, however, retained the ban on bank launching new digital products.
• Canara Bank: Opened its QIP on Tuesday to raise up to Rs 2,500 crore and set the floor price of the issue at Rs 155.58 per equity share. The floor price is at a premium of 1.91% to Tuesday’s closing price. A meeting of the sub-committee of the board will be held on August 23 to determine the issue price for the equity shares as well as the number of shares to be allotted to qualified institutional buyers, pursuant to the QIP.
• HCL Technologies: Signed a five-year, end-to-end IT transformation services deal with Wacker Chemie AG, a German multinational chemical company. HCL Tech will help Wacker Chemie AG to establish a modernised digital workplace and improve its quality-of-service delivery.
• Bharat Dynamics: The company has signed a licencing agreement with MBDA to establish a facility for the final assembly, integration, and test of Advanced Short Range Air-to-Air Missile (ASRAAM) missiles in India. Under the agreement, MBDA will transfer the equipment and knowledge to Bharat Dynamics for establishing the facility. The facility is expected to commence operations by 2022-23.
• DCM Shriram Industries: The company has entered into an agreement with Zyrone Dynamics Havacilik Danismanlik Ve Ar-Ge San. Tic. A.S., Turkey—which manufactures and markets Unmanned Aerial Vehicles of different types. The company would subscribe to 30% of the capital of the foreign company comprising of 25,715 shares at a total investment of just over $1.05 million in five tranches over a period of about a year, subject to necessary approval. Zyrone Dynamics will provide to the company technological support for two variants of UAVs at different times during the subscription period. Further, the two companies will support each other in marketing the products in India and globally.
• Isgec Heavy Engineering: Received an order for two Gas Fired Boilers from Naval Project, Indian Navy. The company will manufacture two 40 TPH Boilers on a turnkey basis.
• Suzlon Energy: Approved allotment of 3.17 crore equity shares on conversion of bonds. The company allotted 1.36 crore equity shares on conversion of 1,470 US$ denominated Convertible Bonds due 2032 having a face value of $320 each. It allotted 1.80 crore equity shares on conversion of 2,031 US$546,916,000 Step-up Convertible Bonds due July 2019 of $1,000 each.
• Dilip Buildcon: Dhrol Bhadra Highways, a wholly owned subsidiary of the company, has received the financial closure letter from the NHAI for four laning of Dhrol-Bhadra Patiya section of NH-151A in Gujarat. The project is expected to be completed in 2 years and will cost Rs 882 crore.
• Kaveri Seed Company: Board to consider a proposal for buyback of equity shares of the company on August 25.
• lnterGlobe Aviation: ICRA has downgraded the long-term rating of the company to A from A+; the outlook remains negative. The rating agency has attributed the downgrade to prolonged disruption caused by the Covid-19 pandemic on the company's financials. Further it has reaffirmed the company's short-term rating at A1.
• IFCI: Care Ratings has downgraded the credit rating of Long-Term Bank Facilities to BB/Negative from BBB-/Negative. The credit rating of NCDs of the company has been downgraded to BB+/Negative from BBB+/Negative. Similarly Subordinate Bonds’ rating has been downgraded to BB/Negative from BBB-/Negative.
• Manorama Industries: India Ratings and Research has upgraded the company’s Long-Term Issuer Rating to BBB+ from BBB. The outlook is stable.
• Annual General Meetings: CESC, Honeywell Automation, ICICI Securities, South Indian Bank, UltraTech Cement
• HDFC Bank: The Reserve Bank of India has allowed the bank to issue new credit cards, partially removing a months-long ban on the lender, a person with direct knowledge of the matter said. The central bank, however, retained the ban on bank launching new digital products.
• Canara Bank: Opened its QIP on Tuesday to raise up to Rs 2,500 crore and set the floor price of the issue at Rs 155.58 per equity share. The floor price is at a premium of 1.91% to Tuesday’s closing price. A meeting of the sub-committee of the board will be held on August 23 to determine the issue price for the equity shares as well as the number of shares to be allotted to qualified institutional buyers, pursuant to the QIP.
• HCL Technologies: Signed a five-year, end-to-end IT transformation services deal with Wacker Chemie AG, a German multinational chemical company. HCL Tech will help Wacker Chemie AG to establish a modernised digital workplace and improve its quality-of-service delivery.
• Bharat Dynamics: The company has signed a licencing agreement with MBDA to establish a facility for the final assembly, integration, and test of Advanced Short Range Air-to-Air Missile (ASRAAM) missiles in India. Under the agreement, MBDA will transfer the equipment and knowledge to Bharat Dynamics for establishing the facility. The facility is expected to commence operations by 2022-23.
• DCM Shriram Industries: The company has entered into an agreement with Zyrone Dynamics Havacilik Danismanlik Ve Ar-Ge San. Tic. A.S., Turkey—which manufactures and markets Unmanned Aerial Vehicles of different types. The company would subscribe to 30% of the capital of the foreign company comprising of 25,715 shares at a total investment of just over $1.05 million in five tranches over a period of about a year, subject to necessary approval. Zyrone Dynamics will provide to the company technological support for two variants of UAVs at different times during the subscription period. Further, the two companies will support each other in marketing the products in India and globally.
• Isgec Heavy Engineering: Received an order for two Gas Fired Boilers from Naval Project, Indian Navy. The company will manufacture two 40 TPH Boilers on a turnkey basis.
• Suzlon Energy: Approved allotment of 3.17 crore equity shares on conversion of bonds. The company allotted 1.36 crore equity shares on conversion of 1,470 US$ denominated Convertible Bonds due 2032 having a face value of $320 each. It allotted 1.80 crore equity shares on conversion of 2,031 US$546,916,000 Step-up Convertible Bonds due July 2019 of $1,000 each.
• Dilip Buildcon: Dhrol Bhadra Highways, a wholly owned subsidiary of the company, has received the financial closure letter from the NHAI for four laning of Dhrol-Bhadra Patiya section of NH-151A in Gujarat. The project is expected to be completed in 2 years and will cost Rs 882 crore.
• Kaveri Seed Company: Board to consider a proposal for buyback of equity shares of the company on August 25.
• lnterGlobe Aviation: ICRA has downgraded the long-term rating of the company to A from A+; the outlook remains negative. The rating agency has attributed the downgrade to prolonged disruption caused by the Covid-19 pandemic on the company's financials. Further it has reaffirmed the company's short-term rating at A1.
• IFCI: Care Ratings has downgraded the credit rating of Long-Term Bank Facilities to BB/Negative from BBB-/Negative. The credit rating of NCDs of the company has been downgraded to BB+/Negative from BBB+/Negative. Similarly Subordinate Bonds’ rating has been downgraded to BB/Negative from BBB-/Negative.
• Manorama Industries: India Ratings and Research has upgraded the company’s Long-Term Issuer Rating to BBB+ from BBB. The outlook is stable.
• Annual General Meetings: CESC, Honeywell Automation, ICICI Securities, South Indian Bank, UltraTech Cement
Insider Trades
• Adani Green Energy: Promoter Infinite Trade and Investments bought 19.50 lakh shares on August 16.
• Dabur India: Promoter Ratna Commercial Enterprises bought 25,000 shares on August 11.
• JSW Energy: Promoter JSW Severfield Structures bought 5,000 shares between August 12-13.
• Rattanindia Enterprises: Promoter Arbutus Consultancy LLP bought 7.50 lakh shares on August 17.
• Sterlite Technologies: Promoter Ankit Agarwal bought 33,635 shares between August 12-13.
• Ultramarine & Pigments: Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman, Sridhar Sundararajan HUF, Kala Sundarvedha and S Narayan) sold 9,800 shares on August 16.
• Adani Green Energy: Promoter Infinite Trade and Investments bought 19.50 lakh shares on August 16.
• Dabur India: Promoter Ratna Commercial Enterprises bought 25,000 shares on August 11.
• JSW Energy: Promoter JSW Severfield Structures bought 5,000 shares between August 12-13.
• Rattanindia Enterprises: Promoter Arbutus Consultancy LLP bought 7.50 lakh shares on August 17.
• Sterlite Technologies: Promoter Ankit Agarwal bought 33,635 shares between August 12-13.
• Ultramarine & Pigments: Promoters (Sridhar Sundararajan, Jayalakshmi Venkataraman, Sridhar Sundararajan HUF, Kala Sundarvedha and S Narayan) sold 9,800 shares on August 16.
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Toyota Motors : Toyota to cut September global production by 40% from previous plan. Ongoing chip crunch & COVID-19 outbreaks in Southeast Asia have disrupted supply chains
Ujjivan Small Finance Bank MD & CEO Nitin Chugh resign by personal reasons
Ujjivan Small Finance Bank MD & CEO Nitin Chugh resign by personal reasons
Positive Stocks.
HDFC bank
Tata motors
Voda idea
Bharti airtel
Aarti Ind
Power cos
Indigo
Kiocl
Gokaldas exports
Prime focus
Negative stocks.
Eicher
Ongc oil
Ujjivan SFB
Indostar capital
Meghmani organics
Avanti feeds
Aavas fin
HDFC bank
Tata motors
Voda idea
Bharti airtel
Aarti Ind
Power cos
Indigo
Kiocl
Gokaldas exports
Prime focus
Negative stocks.
Eicher
Ongc oil
Ujjivan SFB
Indostar capital
Meghmani organics
Avanti feeds
Aavas fin
Bulk Deals
• AAVAS Financiers: Promoter Lake District Holdings sold 49.54 lakh shares (6.31%) at Rs 2,452.87 per share. Monetary Authority of Singapore bought 5.66 lakh shares (0.72%) at Rs 2,449.92 per share. Government of Singapore bought 26.28 lakh shares (3.35%) at Rs 2,449.92 per share.
• Coffee Day Enterprise: KKR Mauritius Pe Investments II sold 19.03 lakh shares (0.90%) at Rs 29.45 per share.
• Clean Science and Technology: Plutus Wealth Management LLP bought 5.75 lakh shares (0.54%) at Rs 1,518.42 per share.
• Karda Constructions: Elara India Opportunities Fund bought 6.50 lakh shares (1.06%) at Rs 22.60 per share.
• Suryoday Small Finance Bank: Kuber India Fund bought 20 lakh shares (1.88%) at Rs 166.74 per share. TVS Shriram Growth Fund sold 20.50 lakh shares (1.93%) at Rs 166.92 per share.
Insider Trades
• Adani Green Energy: Promoter Infinite Trade and Investments bought 16.75 lakh shares on August 17.
• KEI Industries: Promoter Anil Gupta sold 1.44 lakh shares between August 16-17.
• Mastek: Promoter Ashank Desai bought 8,300 shares on August 13.
• NCL Industries: Promoter PS Raju sold 2,197 shares on August 18.
• SVP Global Ventures: Promoters (Moumita Gattani and Shubhankar Gattani) sold 49,026 shares between August 11-16.
• AAVAS Financiers: Promoter Lake District Holdings sold 49.54 lakh shares (6.31%) at Rs 2,452.87 per share. Monetary Authority of Singapore bought 5.66 lakh shares (0.72%) at Rs 2,449.92 per share. Government of Singapore bought 26.28 lakh shares (3.35%) at Rs 2,449.92 per share.
• Coffee Day Enterprise: KKR Mauritius Pe Investments II sold 19.03 lakh shares (0.90%) at Rs 29.45 per share.
• Clean Science and Technology: Plutus Wealth Management LLP bought 5.75 lakh shares (0.54%) at Rs 1,518.42 per share.
• Karda Constructions: Elara India Opportunities Fund bought 6.50 lakh shares (1.06%) at Rs 22.60 per share.
• Suryoday Small Finance Bank: Kuber India Fund bought 20 lakh shares (1.88%) at Rs 166.74 per share. TVS Shriram Growth Fund sold 20.50 lakh shares (1.93%) at Rs 166.92 per share.
Insider Trades
• Adani Green Energy: Promoter Infinite Trade and Investments bought 16.75 lakh shares on August 17.
• KEI Industries: Promoter Anil Gupta sold 1.44 lakh shares between August 16-17.
• Mastek: Promoter Ashank Desai bought 8,300 shares on August 13.
• NCL Industries: Promoter PS Raju sold 2,197 shares on August 18.
• SVP Global Ventures: Promoters (Moumita Gattani and Shubhankar Gattani) sold 49,026 shares between August 11-16.
Stocks To Watch
• Reliance Industries: The company has shutdown its manufacturing units at Nagothane in Maharashtra. The product supplies to customers will however continue through available stocks and diverting from other manufacturing sites, the company said. The units are expected to resume normal operations from August 25.
• Zomato: Completed the acquisition of 9.16% of shareholding on a fully diluted basis in Grofers India for Rs 518 crore and 8.94% of shareholding on fully diluted basis in Hands on Trades for Rs 222 crore.
• Advanced Enzyme Technologies: Completed the acquisition of additional stake of 15% in its subsidiary, JC Biotech. The company bought of 31.06 lakh equity shares of JCB for Rs 21.12 crore. Consequently, the company’s stake in JCB has increased to 85% from 70%.
• Ujjivan Small Finance Bank: Nitin Chugh has resigned as Managing Director and CEO of the bank. Chugh's resignation to be effective from September 30.
• NLC India: Raised Rs 750 crore through allotment of 15,000 Commercial Papers of face value of Rs 5 lakh each.
• Indostar Capital Finance: Promoter Indostar Capital to sell 61.89 lakh equity shares, representing 4.56% of the total equity share capital on a fully diluted basis, through an Offer for Sale. The promoter will also have a greenshoe option to sell an additional 61.89 lakh equity shares. The floor price of Rs 290 per share is a 14.34% discount to Wednesday's closing price. The OFS opens for non-retail investors today and for retail investors on August 23.
• CG Power and Industrial Solutions: Approved the proposal for voluntary winding up of CG Middle East FZE, a non-operating step-down subsidiary and CG International (Holdings) Singapore Pte., a wholly owned subsidiary of the company, subject to receipt of statutory and regulatory approvals. The company also approved closure of CG Power Solutions, its non-operating subsidiary, under the provisions of the Insolvency and Bankruptcy Code, 2016.
New Listings
• CarTrade Tech shares to start trading today.
• Reliance Industries: The company has shutdown its manufacturing units at Nagothane in Maharashtra. The product supplies to customers will however continue through available stocks and diverting from other manufacturing sites, the company said. The units are expected to resume normal operations from August 25.
• Zomato: Completed the acquisition of 9.16% of shareholding on a fully diluted basis in Grofers India for Rs 518 crore and 8.94% of shareholding on fully diluted basis in Hands on Trades for Rs 222 crore.
• Advanced Enzyme Technologies: Completed the acquisition of additional stake of 15% in its subsidiary, JC Biotech. The company bought of 31.06 lakh equity shares of JCB for Rs 21.12 crore. Consequently, the company’s stake in JCB has increased to 85% from 70%.
• Ujjivan Small Finance Bank: Nitin Chugh has resigned as Managing Director and CEO of the bank. Chugh's resignation to be effective from September 30.
• NLC India: Raised Rs 750 crore through allotment of 15,000 Commercial Papers of face value of Rs 5 lakh each.
• Indostar Capital Finance: Promoter Indostar Capital to sell 61.89 lakh equity shares, representing 4.56% of the total equity share capital on a fully diluted basis, through an Offer for Sale. The promoter will also have a greenshoe option to sell an additional 61.89 lakh equity shares. The floor price of Rs 290 per share is a 14.34% discount to Wednesday's closing price. The OFS opens for non-retail investors today and for retail investors on August 23.
• CG Power and Industrial Solutions: Approved the proposal for voluntary winding up of CG Middle East FZE, a non-operating step-down subsidiary and CG International (Holdings) Singapore Pte., a wholly owned subsidiary of the company, subject to receipt of statutory and regulatory approvals. The company also approved closure of CG Power Solutions, its non-operating subsidiary, under the provisions of the Insolvency and Bankruptcy Code, 2016.
New Listings
• CarTrade Tech shares to start trading today.