Stocks To Watch
LIC Housing Finance: To issue 4.54 crore shares at Rs 514.25 each to Life Insurance Corporation of India on a private placement basis. LIC’s shareholding in the company after the proposed preferential allotment of shares will increase to 45.24% from 40.31%.
Indian Bank: Approved the closure of QIP on June 24 and set issue price at Rs 142.15 per share. Received application forms for an amount aggregating to Rs 1,650 crore from eligible Qualified Institutional Buyers.
Union Bank of India: Allotted Basel Ill Compliant Tier II Bonds of face value of Rs 10 lakh each aggregating to Rs 850 crore on private placement basis. The coupon rate has been set at 7.19% per annum for a period of 10 years.
Laurus Labs: CARE Ratings has upgraded the credit rating of the long-term banking facilities of the company to AA/Stable from AA-/Positive.
Aarti Industries: Authorised the opening of QIP on June 24. The floor price of Rs 899.77 per share is at a premium of 3.21% to Thursday’s closing price. Board to meet on June 30 to approve the issue price for equity shares to be allotted to the qualified institutional buyers.
PTC India: Approved a Letter of Intent dated June 17, for acquisition of the energy consulting business undertaking of IL&FS Energy Development Company, a group company of IL&FS, for an undisclosed value, on a slump sale basis.
Asian Granito India: Crystal Ceramics Industries, a material subsidiary of the company, has invested Rs 25 crore for capacity expansion at its Mehsana Plant in Gujarat. This capacity addition will increase total capacity of Crystal Ceramics
to 36,000 SQMTS/day. Earnings: JSW Energy, Hindustan Copper, Indraprastha Gas, Balmer Lawrie & Co, Banco Products (India), Oswal Greentech, Finolex Industries, Forbes & Company, Godfrey Phillips India, HCL Infosystems, Orient Refractories, PNC Infratech, Apex Frozen Foods, Antony Waste Handling Cell, Hexa Tradex, India Glycols, Ind-Swift Laboratories, Inox Wind, KCP, Maharashtra Seamless, MSTC, NCL Industries, Pix Transmissions, Puravankara, Shree Renuka Sugars, State Trading Corporation Of India, Tajgvk Hotels & Resorts, Technocraft Industries (India), United Drilling Tools, Voltamp Transformers
LIC Housing Finance: To issue 4.54 crore shares at Rs 514.25 each to Life Insurance Corporation of India on a private placement basis. LIC’s shareholding in the company after the proposed preferential allotment of shares will increase to 45.24% from 40.31%.
Indian Bank: Approved the closure of QIP on June 24 and set issue price at Rs 142.15 per share. Received application forms for an amount aggregating to Rs 1,650 crore from eligible Qualified Institutional Buyers.
Union Bank of India: Allotted Basel Ill Compliant Tier II Bonds of face value of Rs 10 lakh each aggregating to Rs 850 crore on private placement basis. The coupon rate has been set at 7.19% per annum for a period of 10 years.
Laurus Labs: CARE Ratings has upgraded the credit rating of the long-term banking facilities of the company to AA/Stable from AA-/Positive.
Aarti Industries: Authorised the opening of QIP on June 24. The floor price of Rs 899.77 per share is at a premium of 3.21% to Thursday’s closing price. Board to meet on June 30 to approve the issue price for equity shares to be allotted to the qualified institutional buyers.
PTC India: Approved a Letter of Intent dated June 17, for acquisition of the energy consulting business undertaking of IL&FS Energy Development Company, a group company of IL&FS, for an undisclosed value, on a slump sale basis.
Asian Granito India: Crystal Ceramics Industries, a material subsidiary of the company, has invested Rs 25 crore for capacity expansion at its Mehsana Plant in Gujarat. This capacity addition will increase total capacity of Crystal Ceramics
to 36,000 SQMTS/day. Earnings: JSW Energy, Hindustan Copper, Indraprastha Gas, Balmer Lawrie & Co, Banco Products (India), Oswal Greentech, Finolex Industries, Forbes & Company, Godfrey Phillips India, HCL Infosystems, Orient Refractories, PNC Infratech, Apex Frozen Foods, Antony Waste Handling Cell, Hexa Tradex, India Glycols, Ind-Swift Laboratories, Inox Wind, KCP, Maharashtra Seamless, MSTC, NCL Industries, Pix Transmissions, Puravankara, Shree Renuka Sugars, State Trading Corporation Of India, Tajgvk Hotels & Resorts, Technocraft Industries (India), United Drilling Tools, Voltamp Transformers
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investment bought 10 lakh shares on June 23.
Jubilant Ingrevia: Promoter Miller Holdings Pte bought 3.85 lakh shares between June 22-23.
JK Cement: Promoter Ramapati Singhania sold 2,000 shares on June 23.
Persistent Systems: Promoter Sulabha Deshpande sold 9.980 shares on June 22.
Page Industries: Promoters (Sunder Genomal, Ramesh Genomal and Nari Genomal) sold 12,765 shares between June 21-23.
Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 55,000 shares between June 21-23.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 3,531 shares on June 23.
Valiant Organics: Promoter Dhanvanti Gala sold 40,347 shares between June 22-23.
Adani Green Energy: Promoter Infinite Trade and Investment bought 10 lakh shares on June 23.
Jubilant Ingrevia: Promoter Miller Holdings Pte bought 3.85 lakh shares between June 22-23.
JK Cement: Promoter Ramapati Singhania sold 2,000 shares on June 23.
Persistent Systems: Promoter Sulabha Deshpande sold 9.980 shares on June 22.
Page Industries: Promoters (Sunder Genomal, Ramesh Genomal and Nari Genomal) sold 12,765 shares between June 21-23.
Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 55,000 shares between June 21-23.
Ultramarine & Pigments: Promoters (Sridhar Sundararajan HUF and Kala Sundarvedha) sold 3,531 shares on June 23.
Valiant Organics: Promoter Dhanvanti Gala sold 40,347 shares between June 22-23.
Trading Tweaks
Ex-Date Interim Dividend: R Systems International
Ex-Date Final Dividend: Supreme Petrochem
Ex-Date Dividend: Vimta Labs
Price Band Revised From 10% To 5%: Somany Ceramics
Record Date Stock Split: Inventure Growth & Securities
Record Date Dividend: Adani Total Gas, Adani Ports and SEZ, Torrent Power
Move Out Of Short-Term ASM Framework: Action Construction Equipment, Future Lifestyle Fashions, Marksans Pharma, Arshiya, Anup Engineering, GTL Infrastructure
Move Into ASM Framework: GTL Infrastructure, NCL Industries
Ex-Date Interim Dividend: R Systems International
Ex-Date Final Dividend: Supreme Petrochem
Ex-Date Dividend: Vimta Labs
Price Band Revised From 10% To 5%: Somany Ceramics
Record Date Stock Split: Inventure Growth & Securities
Record Date Dividend: Adani Total Gas, Adani Ports and SEZ, Torrent Power
Move Out Of Short-Term ASM Framework: Action Construction Equipment, Future Lifestyle Fashions, Marksans Pharma, Arshiya, Anup Engineering, GTL Infrastructure
Move Into ASM Framework: GTL Infrastructure, NCL Industries
Money Market Update
The rupee ended at 74.16 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.28.
The rupee ended at 74.16 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.28.