Stocks To Watch
28 Sep 2021
BPCL: Plans invest Rs 1 lakh crore over next 5 years in raising petrochemical production capacity, gas business, clean fuel, and augmenting marketing infrastructure, Chairman Arun Kumar Singh said during a conference. The company is also looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while also invest in biofuels and hydrogen, he added. The company plans to shut Bina plant for work next year; expects Mumbai plant to restart in first half of October. Divestment is expected by March.
Allcargo Logistics: The company is considering selling a stake in its container shipping firm ECU Worldwide, according to a Bloomberg report. The company is working with an adviser on the sale of the stake. Allcargo is seeking a deal that would value ECU at about $1 billion.
RIL: The company is in talks to buy a stake in Glance InMobi Pte, according to a Bloomberg report. RIL is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google.
Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary of the company, has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Adani Airport Holdings to own 74% of April Moon Retail.
Paisalo Digital: State Bank of India has signed a Service Level Agreement with the company, National Corporate Business Correspondent of the Bank, for promoting financial inclusion by providing banking services through kiosks.
RBL Bank: RBI has imposed Rs 2 crore penalty on the bank for contravention of norms on maintaining deposits and guidelines governing appointment of directors on board. RBL Bank had opened five savings deposit accounts in the name of a cooperative bank, RBI said. Report for inspection of supervisory evaluation for FY19 revealed non-compliance.
HDFC: Seeks to raise up to Rs 6000 crore via issue of secured NCDs private placement.
NTPC: The company has won 1.9 GW solar projects under CPSU scheme.
Websol Energy System: The Websol Module has been approved by the Government of India under the list of Approved Module Manufacturer. The company has also received approval of its module from BIS and IEC61215. The ALMM list and BIS certification has made Websol modules eligible to be sold in the domestic market for the project approved under the various schemes of the government.
Raymond: Approves consolidation of the tools & hardware and auto components businesses into unit JK Files and real estate business wholly-owned unit
IndiGo cut to Neutral at Goldman; price target Rs 1,950
28 Sep 2021
BPCL: Plans invest Rs 1 lakh crore over next 5 years in raising petrochemical production capacity, gas business, clean fuel, and augmenting marketing infrastructure, Chairman Arun Kumar Singh said during a conference. The company is also looking to create a 1,000 MW portfolio of renewable power generation capacity, mostly through acquisitions while also invest in biofuels and hydrogen, he added. The company plans to shut Bina plant for work next year; expects Mumbai plant to restart in first half of October. Divestment is expected by March.
Allcargo Logistics: The company is considering selling a stake in its container shipping firm ECU Worldwide, according to a Bloomberg report. The company is working with an adviser on the sale of the stake. Allcargo is seeking a deal that would value ECU at about $1 billion.
RIL: The company is in talks to buy a stake in Glance InMobi Pte, according to a Bloomberg report. RIL is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google.
Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary of the company, has signed share subscription agreement with April Moon Retail and its existing shareholders--Arjun Ahuja, Karan Ahuja, Aliya Ahuja and Kabir Ahuja--for the purpose of strategic partnership to operate duty free outlets in airports. Adani Airport Holdings to own 74% of April Moon Retail.
Paisalo Digital: State Bank of India has signed a Service Level Agreement with the company, National Corporate Business Correspondent of the Bank, for promoting financial inclusion by providing banking services through kiosks.
RBL Bank: RBI has imposed Rs 2 crore penalty on the bank for contravention of norms on maintaining deposits and guidelines governing appointment of directors on board. RBL Bank had opened five savings deposit accounts in the name of a cooperative bank, RBI said. Report for inspection of supervisory evaluation for FY19 revealed non-compliance.
HDFC: Seeks to raise up to Rs 6000 crore via issue of secured NCDs private placement.
NTPC: The company has won 1.9 GW solar projects under CPSU scheme.
Websol Energy System: The Websol Module has been approved by the Government of India under the list of Approved Module Manufacturer. The company has also received approval of its module from BIS and IEC61215. The ALMM list and BIS certification has made Websol modules eligible to be sold in the domestic market for the project approved under the various schemes of the government.
Raymond: Approves consolidation of the tools & hardware and auto components businesses into unit JK Files and real estate business wholly-owned unit
IndiGo cut to Neutral at Goldman; price target Rs 1,950
Positive Stocks
Hdfc
Adani ent
L&T fin
JSPL
Maruti
GSFC
Amara Raja
Raymond
Negative Stocks
RBL Bank
Hdfc
Adani ent
L&T fin
JSPL
Maruti
GSFC
Amara Raja
Raymond
Negative Stocks
RBL Bank
Positive Stocks
Lupin
Guj Gas
Aditya Birla Cap
Allcargo logistics
NBCC
Atul auto
Future group
Negative Stocks
HDFC AMC
Max health
Adani Gas
Airlines
Lupin
Guj Gas
Aditya Birla Cap
Allcargo logistics
NBCC
Atul auto
Future group
Negative Stocks
HDFC AMC
Max health
Adani Gas
Airlines
Positive Stocks
Aurobindo
IOB
PERSISTENT
Blue Dart
Sterling & Wilson
Angel one
Sunteck Realty
Birla corp
Negative Stocks
Zee Ent
Aurobindo
IOB
PERSISTENT
Blue Dart
Sterling & Wilson
Angel one
Sunteck Realty
Birla corp
Negative Stocks
Zee Ent
*List of companies with more than 50% Market Share:
1) Maruti Suzuki (passenger cars)
2) APL Apollo (structural & pre galvanized tubes)
3) CDSL (investors accounts)
4) Interglobe Aviation (air traffic passengers)
5) GMM Pfaudler (glass lined equipment)
6) Asian Paints (decorative paints)
7) Colgate (oral care)
8) Symphony (coolers)
9) PGHH (female care & vaporub)
10) La Opala Rg (opalware)
11) HLE Glasscoat (filtration & drying equipment)
12) Delta Corp (online poker games)
13) Bajaj Auto (3W segment)
14) Vinati Organics (IBB)
15) OCCL (insoluble sulphur)
16) LMW (textile machinery)
17) Bajaj Consumer (almond hair oil)
18) Indiamart Intermesh (online B2B Classified space)
19) Vst Tillers (power tillers)
20) Sanghvi Movers (overall domestic crane hiring market)
21) Emami (antiseptic & male grooming)
*List of companies with more than 60% Market Share:*
1) Concor (domestic container cargo transport)
2) Exide (lead batteries)
3) Naukri (Indian job market space)
4) Praj (ethanol plant installing)
5) ACE (mobile & tower cranes)
6) Pidilite (adhesives)
7) Jamna Auto (leaf spring)
8) CAMS (RTA within mutual fund industry)
9) Time Technoplast (polymer based industrial packaging)
*List of companies with more than 70% Market Share:*
1) ITC (cigs)
2) Honda Siel (portable power generators)
3) Hindustan Zinc (primary zinc)
4) Asahi India Glass (automotive glass)
5) NRB Bearings (needle roller bearing)
6) Suprajit (2w cables)
7)Greaves Cotton (3w diesel engine)
*List of companies with more than 80% Market Share:*
1) Wabco (medium & heavy vehicles braking system)
2) MCX (commodity trading)
3) Coal India (coal production in India)
4) Eicher Motors (250 cc bikes category)
*List of companies with more than 90% Market Share:*
1) IEX (power trading)
2) Zydus Wellness (sugar free product)
*List of companies with 100% Market Share:*
1) IRCTC (rail network)
2) HAL
1) Maruti Suzuki (passenger cars)
2) APL Apollo (structural & pre galvanized tubes)
3) CDSL (investors accounts)
4) Interglobe Aviation (air traffic passengers)
5) GMM Pfaudler (glass lined equipment)
6) Asian Paints (decorative paints)
7) Colgate (oral care)
8) Symphony (coolers)
9) PGHH (female care & vaporub)
10) La Opala Rg (opalware)
11) HLE Glasscoat (filtration & drying equipment)
12) Delta Corp (online poker games)
13) Bajaj Auto (3W segment)
14) Vinati Organics (IBB)
15) OCCL (insoluble sulphur)
16) LMW (textile machinery)
17) Bajaj Consumer (almond hair oil)
18) Indiamart Intermesh (online B2B Classified space)
19) Vst Tillers (power tillers)
20) Sanghvi Movers (overall domestic crane hiring market)
21) Emami (antiseptic & male grooming)
*List of companies with more than 60% Market Share:*
1) Concor (domestic container cargo transport)
2) Exide (lead batteries)
3) Naukri (Indian job market space)
4) Praj (ethanol plant installing)
5) ACE (mobile & tower cranes)
6) Pidilite (adhesives)
7) Jamna Auto (leaf spring)
8) CAMS (RTA within mutual fund industry)
9) Time Technoplast (polymer based industrial packaging)
*List of companies with more than 70% Market Share:*
1) ITC (cigs)
2) Honda Siel (portable power generators)
3) Hindustan Zinc (primary zinc)
4) Asahi India Glass (automotive glass)
5) NRB Bearings (needle roller bearing)
6) Suprajit (2w cables)
7)Greaves Cotton (3w diesel engine)
*List of companies with more than 80% Market Share:*
1) Wabco (medium & heavy vehicles braking system)
2) MCX (commodity trading)
3) Coal India (coal production in India)
4) Eicher Motors (250 cc bikes category)
*List of companies with more than 90% Market Share:*
1) IEX (power trading)
2) Zydus Wellness (sugar free product)
*List of companies with 100% Market Share:*
1) IRCTC (rail network)
2) HAL
Stocks To Watch
Maruti Suzuki India: The company expects adverse impact on vehicle production in Haryana and at its contract manufacturing unit, Suzuki motor Gujarat Pvt Ltd, Gujarat in October due to chip shortage. Total production volume across both the locations to be around 60% of normal production.
Jubilant Foodworks: Jubilant Foodworks Netherlands B.V. to acquire up to 17.18% ordinary shares of DP Eurasia N.V. through a reverse bookbuild process from certain professional investors of DP Eurasia. Post-acquisition, the company will indirectly hold up to 49.99% ordinary shares of DP Eurasia. Further, the company has exercised a call option for acquiring 39% equity stake in Jubilant Golden Harvest. Post-acquisition, the company will own 90% of the total shareholding of JGH.
Adani Green Energy: The wholly owned subsidiary Adani Renewable Energy (MH) Energy has completed acquisition of 100% of the share capital and all the securities of Vento Energy Infra from Essel Green Energy.
Phillips Carbon Black: The company launched its QIP issue on Thursday and approved the floor price of Rs 255.85 per share. The floor price is at a discount of 4.31% to Thursday's closing price.
Jain Irrigation Systems: The company’s wholly owned subsidiary, Jain International Trading BV, Netherlands, has completed the restructuring of $200 million bonds listed on Singapore Stock Exchange.
SBI, Bank of Baroda and Union Bank of India have each subscribed to 1.98 crore shares of National Asset Reconstruction Company. However, the four banks will reduce their stake in NARC to 9.90% from 13.27% by December 31. Canara Bank has subscribed to 2.40 crore shares of NARC. It will reduce its stake in the asset reconstruction company to 12% from 16.09% by December 31. PNB has subscribed to 1.80 crore shares of NARC. It will reduce its stake to 9% from 12.06% by December 31.
Punjab National Bank: The bank has reduced Marginal Cost of Funds Based Lending Rate by 0.05% across tenors effective today. The Base Rate has been reduced from 8.55% to 8.50%.
IRB Infrastructure Developers: Board has approved the allotment of secured NCDs aggregating to Rs 350 crore on a private placement basis to IDBI Bank. The coupon rate has been fixed at 9.55% per annum for a tenure of 6 years.
IIFL Wealth Management: IIFL Asset Management’s asset base has crossed Rs 50,000 crore-mark. The fund house's aggregate AUM comprising alternative assets and mutual fund rose to Rs 50,019 crore from Rs 37,372 on March 31, FY21. IIFL AMC is a wholly owned subsidiary of the company.
Bank of India: The bank has issued and allotted Basel III Compliant Tier II bonds amounting to Rs 1,800 crore on a private placement basis. The coupon rate has been fixed at 7.14% per annum.
Vedanta: Board has appointed Sandeep Modi, Deputy CFO as the interim Chief Financial Officer of the company w.e.f. October 1.
Maruti Suzuki India: The company expects adverse impact on vehicle production in Haryana and at its contract manufacturing unit, Suzuki motor Gujarat Pvt Ltd, Gujarat in October due to chip shortage. Total production volume across both the locations to be around 60% of normal production.
Jubilant Foodworks: Jubilant Foodworks Netherlands B.V. to acquire up to 17.18% ordinary shares of DP Eurasia N.V. through a reverse bookbuild process from certain professional investors of DP Eurasia. Post-acquisition, the company will indirectly hold up to 49.99% ordinary shares of DP Eurasia. Further, the company has exercised a call option for acquiring 39% equity stake in Jubilant Golden Harvest. Post-acquisition, the company will own 90% of the total shareholding of JGH.
Adani Green Energy: The wholly owned subsidiary Adani Renewable Energy (MH) Energy has completed acquisition of 100% of the share capital and all the securities of Vento Energy Infra from Essel Green Energy.
Phillips Carbon Black: The company launched its QIP issue on Thursday and approved the floor price of Rs 255.85 per share. The floor price is at a discount of 4.31% to Thursday's closing price.
Jain Irrigation Systems: The company’s wholly owned subsidiary, Jain International Trading BV, Netherlands, has completed the restructuring of $200 million bonds listed on Singapore Stock Exchange.
SBI, Bank of Baroda and Union Bank of India have each subscribed to 1.98 crore shares of National Asset Reconstruction Company. However, the four banks will reduce their stake in NARC to 9.90% from 13.27% by December 31. Canara Bank has subscribed to 2.40 crore shares of NARC. It will reduce its stake in the asset reconstruction company to 12% from 16.09% by December 31. PNB has subscribed to 1.80 crore shares of NARC. It will reduce its stake to 9% from 12.06% by December 31.
Punjab National Bank: The bank has reduced Marginal Cost of Funds Based Lending Rate by 0.05% across tenors effective today. The Base Rate has been reduced from 8.55% to 8.50%.
IRB Infrastructure Developers: Board has approved the allotment of secured NCDs aggregating to Rs 350 crore on a private placement basis to IDBI Bank. The coupon rate has been fixed at 9.55% per annum for a tenure of 6 years.
IIFL Wealth Management: IIFL Asset Management’s asset base has crossed Rs 50,000 crore-mark. The fund house's aggregate AUM comprising alternative assets and mutual fund rose to Rs 50,019 crore from Rs 37,372 on March 31, FY21. IIFL AMC is a wholly owned subsidiary of the company.
Bank of India: The bank has issued and allotted Basel III Compliant Tier II bonds amounting to Rs 1,800 crore on a private placement basis. The coupon rate has been fixed at 7.14% per annum.
Vedanta: Board has appointed Sandeep Modi, Deputy CFO as the interim Chief Financial Officer of the company w.e.f. October 1.
Positive Stocks
ONGC,OIL
GODREJ
DLF, SOBHA
DELTA CORP,
INDIA CEMENTS, PERSISTENT
ABBOT INDIA
JK CEMENT
INDIABULLS HSG
NBCC
GR INFRA
NEGATIVE Stocks
Zee Ent
Maruti
Chemcon
GAIL
City Gas cos
Fertiliser, PWR & TILES COS
ONGC,OIL
GODREJ
DLF, SOBHA
DELTA CORP,
INDIA CEMENTS, PERSISTENT
ABBOT INDIA
JK CEMENT
INDIABULLS HSG
NBCC
GR INFRA
NEGATIVE Stocks
Zee Ent
Maruti
Chemcon
GAIL
City Gas cos
Fertiliser, PWR & TILES COS