Tag: stock to watch

The Indian market is likely to open higher Wednesday as the trend on SGX Nifty indicates a gap-up opening for the broader index in India.

Here are the top 10 buzzing stocks for today:

1. HDFC Life Insurance Company: The company has convened an extraordinary general meeting (EGM) of its shareholders on September 29 to seek their approval for the issuance of preference shares to Exide Industries in the Rs 6,687-crore deal to acquire Exide Life.

HDFC Life Insurance Company: The company will seek shareholders’ nod on September 29 for the issuance of preference shares to Exide Industries in the Rs 6,687-crore deal to acquire Exide Life.

2. Cipla: The company has written to the National Pharmaceutical Pricing Authority (NPPA) to allow price hike of certain respiratory drugs citing a substantial increase in the cost of a critical ingredient called propellant P227.

3. Dr Reddy’s Laboratories: The company has initiated the supply of the first dose component of the Russian COVID-19 vaccine Sputnik V to partner hospitals all over the country.

4. TVS Motor Company: The company has appointed ETG Logistics (ETGL) as its new distributor in South Africa as part of its expansion plan in the country.

5. IDFC First Bank: The Reserve Bank of India has granted its approval for the re-appointment of V Vaidyanathan as the Managing Director & Chief Executive Officer of the bank for a period of three years effective from December 19, 2021.

6. PSP Projects: The company is in receipt of a Letter of Intent(s) for projects worth Rs 132.57 crore towards industrial and precast segments from different clients in Gujarat.

7. EID Parry India: The company has approved the setting up of a 120 KLPD grain/sugar syrup/molasses based Distillery at Sankili unit in Andhra Pradesh.

8. Bajaj Consumer Care: ICICI Prudential Asset Management Company sold 1.5 lakh equity shares in the company via open market transaction, reducing shareholding to 3.83 percent from 3.93 percent earlier.

9. ICRA: Life Insurance Corporation of India sold more than 2.07 lakh equity shares in the company via open market transaction, reducing shareholding to 5.81 percent from 7.96 percent earlier.

10. Pil Italica Lifestyle: Promoter entity Dawood Investment sold 46 lakh equity shares in the company via open market transaction, reducing shareholding to 52.50 percent from 54.46 percent earlier.

The Indian market is likely to open flat Tuesday amid mixed cues from Asian peers. The Asian markets are trading mixed, while the US markets were shut on account of Labor Day.

Here are the top 10 buzzing stocks for today:

1. Infosys: The company said it has almost completed its buyback programme and its buyback committee will meet on September 8 to consider the closure of the buyback programme.

2. Dish TV: Yes Bank has asked for the removal of directors of Dish TV via special notice under Section 169 of the Companies Act, 2013, and has opposed fundraising of Rs 1,000 crore via a rights issue.

3. BPCL: Arun Kumar Singh has been appointed as Chairman & MD of the company till October 31, 2022, or until further orders.

4. Adani Transmission: The company has appointed Rohit Soni as CFO & KMP with effect from September 6, 2021.

5. Edelweiss Financial Services: The company has raised Rs 400 crore through the issuance of non-convertible debentures.

6. Nuvoco Vistas Corporation: The company’s Q1FY22 consolidated profit jumped to Rs 114.28 crore from Rs 37.52 crore, revenue fell to Rs 2,202.97 crore from Rs 2,631.61 crore, YoY.

7. VST Tillers Tractors: The company has entered into an agreement with ETG (Export Trading Group), for the distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.

8. Orient Cement: HDFC Asset Management Company sold 44.70 lakh shares in the company via open market transaction on September 3, reducing shareholding to 2.97 percent from 5.15 percent earlier.

9. Starteck Finance: The company approved to sell 100 percent stake in subsidiary Starteck Housing Finance to Paripurna Trust and/or Matrabhav Trust for Rs 11.45 crore.

10. International Conveyors: The company sold a 7.95 percent stake in Elpro International for Rs 74.14 crore.

The Indian equity indices Sensex and Nifty are likely to open higher Monday as the trends on SGX Nifty indicate a positive start for the broader index in India amid mixed global cues.

Here are the top 10 buzzing stocks for today:

1. Auto Stocks: The Production Linked Incentive scheme for the auto sector is all set to be announced this week, sources tell CNBC TV18.

2. Reliance Industries: The company’s subsidiary Reliance Strategic Business Ventures acquired 2.28 crore shares in Strand Life Sciences for Rs 393 crore. The company will invest additional Rs 160 crore by March 2023 and will hold a total of 80.3 percent stake in Strand Life Sciences after the entire investment.

3. M&M Financial Services: The company’s August disbursements rose 57 percent YoY to Rs 2,150 crore, while collection efficiency improved to 97 percent from 95 percent in July.

4. ICICI Lombard: The company has received regulatory and other approvals from the Insurance Regulatory and Development Authority of India (IRDAI) for the demerger of the general insurance business of Bharti AXA General.

5. Dr Reddy’s Laboratories: The company has entered into a definitive agreement with US-based Citius Pharmaceuticals to sell all of its rights to E7777 (an engineered IL-2-diphtheria toxin fusion protein) and certain related assets.

6. Hero MotoCorp: The company has opened bookings for the next batch of Harley-Davidson adventure tourer bike ‘Pan America’ 1250 after the first lot completely sold out.

7. Bank of India: LIC acquired an additional 3.87 percent stake in the bank via QIP, raising shareholding to 7.05 percent from 3.17 percent.

8. Barbeque Nation Hospitality: The company has raised nearly Rs 100 crore through preferential issue of equity shares to three different investors, including the Massachusetts Institute of Technology.

9. Federal Bank: The bank has launched credit cards in partnership with Visa.

10. Ashoka Buildcon: The company has received an order worth Rs 1,570 crore in West Bengal.

(Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

The trends on SGX Nifty indicate a flat start for the broader index in India. The Nifty futures were flat at the 17,257.00 level on the Singaporean Exchange at 7:45 IST.

Here are the top 10 buzzing stocks for today:

1. Reliance Industries: The company’s subsidiary Reliance Retail Ventures has acquired sole control of Just Dial and now holds 40.98 percent in Just Dial.

2. PNB Housing Finance: SEBI has filed an appeal with Supreme Court against Securities Appellate Tribunal (SAT)’s split verdict in the PNB Housing-Carlyle deal case. The company said it is examining the appeal filed by SEBI.

3. Granules India: The company has received a licence from Defence Research & Development Organisation (DRDO) to manufacture and market COVID-19 treatment drug, 2- Deoxy-D-Glucose (2-DG).

4. Jammu & Kashmir Bank: The bank approved raising of equity share capital upto Rs 1,000 crore in one or more tranches and Rs 1,000 crore by way of non-convertible debentures on a private placement basis.

5. Rossari Biotech: The company has completed the acquisition of the first tranche of 76 percent of Tristar Intermediaries.

6. GOCL Corporation: The company completed the acquisition of APDLE Estates from Hinduja Realty Ventures.

7. NHPC: The company has completed the renovation and modernisation of the 180 MW Baira Siul Power Station in Himachal Pradesh.

8. IRB Infrastructure Developers: The company has emerged as a preferred bidder for Chittoor – Thachur Six Laning Highway Hybrid Annuity Project in Tamil Nadu.

9. Goodluck India: The company has been awarded a Letter of Intent (LoI) for an order worth Rs 198.76 crore by L&T Ltd for the Bullet Train project in the country.

10. Salzer Electronics: The company has incorporated a joint venture Salzer Emarch Electromobilidy to make electric conversion kits for auto-rickshaws, cars and buses and also manufacture novel electric driven utility vehicles and other allied activities.

The Indian equity benchmark indices Sensex and Nifty are likely to open on a flat note Thursday amid mixed global cues.

Here are the top 10 buzzing stocks for today:

1. Axis Bank: The RBI has imposed a penalty of Rs 25 lakh on the bank for contravention of certain provisions of Know Your Customer (KYC) norms.

2. State Bank of India: The bank has raised Rs 4,000 crore of the Basel – compliant Additional Tier 1 (AT1) bonds at a coupon rate of 7.72 percent.

3. Wipro: The company has appointed Mohammed Areff as the Country Head & Managing Director for the Middle East.

4. Kotak Mahindra Bank: The bank has completed the sale of an 8.6 percent stake in Airtel Payments Bank for Rs 294.8 crore.

5. Eicher Motors: Royal Enfield sales in August 2021 declined 9 percent to 50,144 motorcycles from 45,860 motorcycles in August 2020.

6. Vedanta: The company has approved the first interim dividend of Rs 18.50 per equity share for FY22 amounting to Rs 6,877 crore. The record date for the purpose of payment of dividend is Thursday, September 9, 2021.

7. Coal India: The company’s August provisional offtake rose 9.5 percent YoY to 48.6 mt, while provisional output increased 14.6 percent, YoY, to 42.6 mt.

8 Hindustan Zinc: The company has extended the shutdown at the roaster of Chanderiya Lead Zinc Smelter which will result in a production loss of about 25 KT of zinc. The company expects the roaster to start operations in mid-October 2021.

9. Sun Pharma Advanced Research Company: The company’s board has approved raising up to Rs 1,800 crore.

10. Minda Corporation: The company’s subsidiary Spark Minda Green Mobility Systems will acquire a 26 percent stake in charging solutions startup EVQPOINT.

The Indian equity indices are likely to open flat Wednesday amid mixed global cues.

Here are the top 10 buzzing stocks for today:

1. Maruti Suzuki: The company estimates that the total vehicle production volume in Gujarat and Haryana plants could be around 40 percent of normal production. Owing to a supply constraint of electronic components due to the semiconductor shortage situation, the company is expecting an adverse impact on vehicle production in the month of September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt. Ltd. in Gujarat, the company said.

2. Axis Bank: The bank has partnered with BharatPe for Point-Of-Sale business.

3. Wipro: The company and HERE Technologies partnered to provide location-based services and analytics for customers globally.

4. AU Small Finance Bank: The bank clarified that its Head of Internal Audit Sumit Dhir has placed his resignation and the bank remains in discussions with him for possible retention.

5. Mastek: The company has partnered with fulfillmenttools to deliver modern omnichannel fulfilment solutions to customers worldwide.

6. Yes Bank: CRISIL Ratings has upgraded the rating on Tier-II bonds (under Basel III) and Infrastructure bonds the bank to ‘CRISIL BBB+/Stable’ from ‘CRISIL BBB/Stable’. CRISIL Ratings has also upgraded the rating on the Rs 20,000 crore certificates of deposit of the bank to ‘CRISIL A1’ from ‘CRISIL A2+’.

7. Shoppers Stop: The company exited non-core business by selling its subsidiary, Crossword Bookstores, at a gross business valuation of Rs 41.62 crore and will focus on expanding core business and strategic growth pillars – First Citizen, Private Labels, Beauty and Omnichannel business.

8. BHEL: The company has secured its largest ever order worth Rs 10,800 crore from NPCIL for EPC of Turbine Island for 6 units of 700 MWe.

9. Bharat Electronics: The Indian Navy sealed a contract with the company for the supply of the first indigenously developed Naval Anti Drone System.

10. Likhitha Infrastructure: The company has received an order worth Rs 145.86 crore from Indradhanush Gas Grid for laying and construction of steel gas pipeline and terminals along with associated facilities for sections 5 & 9 of the North-East Gas Grid Project.

The Indian market is likely to open flat Tuesday as the trend on SGX Nifty indicates a flat to lower start for the broader index in India amid mixed global cues.

Here are the top 10 buzzing stocks for today:

1. Kotak Mahindra Bank: The bank has executed a Share Purchase Agreement for the sale of 20 crore equity shares of Airtel Payments Bank to Bharti Enterprises for Rs 294.8 crore.

2. Larsen & Toubro: The company has completed the sale of its entire stake in L&T Uttaranchal Hydropower to ReNew Power Services.

3. Axis Bank: Moody’s has assigned B1 (hyb) rating to the bank’s proposed offshore Additional Tier 1 (AT1) bonds.

4. HDFC Asset Management Company: The company has applied for 15 percent of the paid-up equity share capital of AMC Repo Clearing by paying an application amount of Rs 22.18 crore.

5. Bank of Baroda: Shanti Lal Jain will step down as Executive Director of the Bank w.e.f September 1, due to his appointment as MD & CEO Of Indian Bank.

6. NHPC: The company said that Unit 3 (60 MW) of Bairasiul Power Station (3 X 60 MW) in Himachal Pradesh has been tested and commissioned after the completion of Renovation and Modernization works.

7. Yes Bank: The bank has extended the Long Stop Date till December 31, 2021, for completion of stake sale in wholly-owned subsidiaries Yes Asset Management (India) Ltd and Yes Trustee Ltd to GPL Finance and Investments Ltd.

8. Jindal Steel & Power: The company’s board has approved raising up to $1 billion via senior bonds.

9. Bharat Forge: The company has clarified that media reports of the company being in talks with Tesla for auto components were incorrect.

10. KNR Constructions: The company will sell a stake in three road SPVs to Cube Highways & Infrastructure.

The Indian equity benchmark indices, Sensex and Nifty are likely to open higher Monday following gains in global peers.

Here are the top 10 buzzing stocks for today:

1. Bharti Airtel: The company’s board approved raising capital up to Rs 21,000 crore via a rights issue of equity shares at Rs 535 each.

2. Mahindra & Mahindra: The Ministry of Defence (MoD) has awarded a major contract to Mahindra Defence Systems worth Rs 1,349.95 crore for the manufacturing of Integrated Anti-Submarine Warfare Defence Suite (IADS) for modern warships of the Indian Navy.

3. Aviation stocks: The Directorate General of Civil Aviation (DGCA) has extended the ban on international scheduled commercial passenger flights to and from India till September 30.

4. Vedanta: The company’s board will meet on September 1 to consider and approve the first interim dividend.

5. AU Small Finance Bank: The company’s board has appointed Deepak Jain, who is currently serving as Chief Operating Officer and Key Management Personnel (“KMP”), as Chief Risk Officer of the Bank for a period of 3 years, with effect from September 1, 2021. Deepak Jain will replace Alok Gupta, who has resigned for personal reasons.

6. Inox Leisure: The company has commenced the commercial operations of multiplex cinema theatre taken on a lease basis located at Jaipur, Rajasthan.

7. Nazara Technologies: The company will acquire a 100 percent stake in OpenPlay Technologies from Sreeram Reddy Vanga and Unnati Management Consultants LLP for Rs 186.41 crore, in one or more tranches.

8. Dalmia Bharat: The company’s subsidiary Dalmia Cement (Bharat) has signed three Memorandum of Understandings with the Government of Jharkhand to invest Rs 758 crore in the state.

9. Tinplate Company of India: The company approved an expansion plan, investing in putting up an additional capacity of 3,00,000 tonnes per annum at Jamshedpur. The project is expected to be completed in about 3 years.

10. GOCL Corporation: The company has entered into an agreement with Squarespace Infra City for the sale of 44.25 acres of land at Kukatpally, Hyderabad, for Rs 451.79 crore. The remaining land of about 32.09 acres will continue under the Joint Development Agreement with Hinduja Estates (HEPL) for development based on approvals.

The Indian equity indices, Sensex and Nifty are likely to open on a flat note Friday amid weakness in global peers. Here are the top 10 buzzing stocks for today:

1. Infosys: Infosys Public Services Inc (IPS), a subsidiary of Infosys, on Thursday said it has been awarded a contract by Manitoba Public Insurance (MPI) to digitise driver licensing, vehicle registration, and International Registration Plan (IRP) services for over 900,000 Manitobans.

2. Wipro: The company signed a strategic partnership with DataRobot to provide Augmented Intelligence at scale, to help customers become AI-driven enterprises, and accelerate their business impact.

3. IDFC First Bank: The RBI approved the appointment of Sanjeeb Chaudhuri, Independent Director, as the Part-Time Chairman of the bank, for a period of three years.

4. SpiceJet: The Directorate General of Civil Aviation (DGCA) has lifted the ban on Boeing 737 MAX aircraft after almost two-and-half years. The move has come as a relief for SpiceJet as it has 13 Boeing Max aircraft in its fleet.

5. InterGlobe Aviation: IndiGo will start eight new domestic flights during the first week of September, connecting cities including Dehradun, Indore and Lucknow.

6. BHEL: The company has signed an MoU with JSC Rosoboronexport, to cooperate and implement possible joint projects and activities for joint production of spare parts and components for Russian-origin equipment installed onboard the Indian Navy Aircraft Carrier “Vikramaditya” and maintenance of systems and equipment of the aircraft carrier and on other issues of mutual interest.

7. ADF Foods: The company’s board has approved an investment upto $5 million by its subsidiary ADF Holdings (USA) for setting up a step-down subsidiary in the United States. The proposed subsidiary will be a distribution company and will help the company move up the value chain. This will further strengthen its penetration and distribution with the retailers with an enlarged product portfolio, it said.

ADF Foods: The company will set up a step-down subsidiary in the US with investment upto $5 million to strengthen the US distribution network.

8. NLC India: The company has raised Rs 500 crore by issuing commercial paper.

9. Jindal Poly Films: The company has acquired 100 percent shares of Jindal India Solar Energy and consequent thereof Jindal India Solar became a wholly-owned subsidiary.

10. GRM Overseas: Promoters acquired 23,802 equity shares in the company via open market transaction, increasing shareholding to 71.70 percent from 71.51 percent earlier.

The Indian equity benchmark indices, Sensex and Nifty are likely to open flat amid mixed global cues. Here are the top 10 buzzing stocks for today:

1. Infosys: The company will establish a new digital development centre at its largest Canadian office in Mississauga. The move is aimed at creating 500 jobs in the Toronto Region over the next three years.

2. Bharti Airtel: The company’s board will meet on August 29 to consider various capital raising options, including equity and debt.

3. M&M Financial Services: The company may appoint Raul Rebello as COO, sources said. Rebello is presently EVP & Head: Rural Lending & Financial Inclusion at Axis Bank.

4. Bank of India: The bank has approved the launch of QIP, aimed at raising Rs 3,000 crore equity capital, at a set floor price of Rs 66.19 per equity share.

5. Ujjivan Small Finance Bank: The bank’s board has approved the appointment of Carol Furtado as the ‘Officer on Special Duty (OSD)’. Furtado will be leading the charge of handling the day-to-day operations of the bank from August 26, 2021, and will be serving the Bank as ‘OSD’ until outgoing MD & CEO, Nitin Chugh is in office.

6. Power Grid Corporation of India: The company has commissioned a 765 kV double circuit Vindhyachal-Varanasi transmission line.

7. Thermax: The company’s subsidiary Thermax Babcock and Wilcox Energy Solutions has won Rs 293 crore order for a refinery and petrochemical complex in western India.

8. Kaveri Seed Company: The company approved the buyback of equity shares up to Rs 120 crore at a price up to Rs 850 per share.

9. Procter & Gamble Hygiene & Health Care: The company’s Q4FY21 net profit fell to Rs 48.98 crore from Rs 69.21 crore, while revenue rose to Rs 786.6 crore from Rs 634.53 crore YoY.

10. Mangalore Chemicals and Fertilizers: The company will get term loans of Rs 280 crore from Punjab National Bank, State Bank of India and ICICI Bank for upgrading its ammonia plant.