stock to watch – Page 33

March 18, 2020March 18, 2020

Here’s a look at buzzing stocks for trade on March 18

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Volatility has been the name of the game on Dalal Street in the last few days. At 7:00 am, the SGX Nifty is trading 85.40 points or 0.96 percent higher at 9,001.00, indicating a positive start for the Sensex and Nifty50. Overnight, the Wall Street jumped after Monday’s historic sell-off as the Dow Jones Industrial Average rose 1,048.86 points, or 5.2 percent on hopes of a Fed stimulus as the world grapples with the coronanvirus pandemic. Asian stocks are trading mixed however as the Dow Futures is down more than 500 points.

Here are top buzzing stocks for today:

Wipro: The IT major has implemented core banking solution for Canara Bank sponsored Regional Rural Bank (RRB).

Yes Bank: The Reserve Bank of India (RBI) will lift the moratorium imposed on the Yes Bank today and the bank will resume full banking services from 18:00 hours IST.

Mahindra & Mahindra (M&M): The company has signed an agreement for subscribing to around 5 percent of the share capital of Algeria based Eurl LD Azouaou. The Algerian company is engaged in the business of tractor assembly and distribution in Algeria. The deal will help M&M enter Algerian farm equipment market with Eurl LD as the distributor.

HCL Technologies: The company has announced the latest version of HCL Appscan, a pioneering product in application security testing, to be generally available in April 2020. AppScan is a single solution for automated application security testing and management activities.

Avenue Supermarts: The company has redeemed 1,000 secured rated unlisted redeemable non-convertible debentures of Rs 100 crore.

RBL Bank: The board of the bank has approved payment of interim dividend of Rs 1.50 per share for the financial year 2019-20.

Escorts: The company’s board meeting on March 20 will consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment.

Reliance Naval: The company has received a termination and evacuation notice dated March 16, 2020 from Gujarat Pipavav Port Ltd for termination of sub-concession agreement executed for land parcels.

Vakrangee: The company has introduced vHealth by Aetna primary care services through its network of Vakrangee Kendras.

Manappuram Finance: The company will hold a board meeting on March 20 to consider issuance of Non-convertible debentures (NCD).

March 17, 2020March 17, 2020

Here’s a look at buzzing stocks for trade on March 17

The Indian markets are likely to open lower following losses in global equities after the shares in Wall Street plunged to their biggest day drop in more than three decades overnight. At 7:50 am, the SGX Nifty was trading 31 points or 0.34 percent lower at 9,064.75, indicating a negative start for the Sensex and Nifty50.

HDFC Bank: The private lender has sold 34,150 equity shares held by it in Softcell Technologies Global at Rs 431.20 per equity share.

Yes Bank: Moody’s has upgraded the bank’s long-term foreign currency issuer and foreign currency senior unsecured MTN program ratings to Caa1 from Caa3 and (P)Caa1 from (P)Caa3, respectively.

Indian Oil Corporation: The company has raised Rs 2,995 crore through a privately placed debenture issue to fund its capital expenditure requirements.

Maruti Suzuki India: The largest passenger car maker has introduced the BS6 S-CNG variant of the multi-purpose van, Eeco.

India Cements: Radhkrishan Damani and his family has bought 4.01 percent shares of the company from open market.

CSB Bank: The board approved proposal to merge 19 branches of the bank with the nearest branches.

Future Consumer: The company announced that the payment of principal amount has been made on secured redeemable Non- Convertible Debentures having a face value of Rs 1,00,000.

Jubilant Foodworks: Domino’s Pizza has introduced “Zero Contact Delivery” in India across all its 1,325 restaurants in the country.

Titagarh Wagons: The company has temporarily suspended operations of Italy unit Titagarh Firema SpA due to coronavirus.

Delta Corp: The casinos operated by the company and its subsidiaries in Goa will remain closed until March 31, as directed by the state government to prevent and contain the coronavirus.

March 12, 2020March 12, 2020

Here’s a look at buzzing stocks for trade on March 12

The Indian markets are likely to open sharply lower as sell-off in global equities continues after the World Health Organization (WHO) declared the coronavirus outbreak a global pandemic.

State Bank of India: The state-run largest lender has waived the average monthly balance maintenance for all savings.

InterGlobe Aviation: IndiGo has said that it is experiencing a fall in daily bookings to the extent of 15-20 percent over the last few days.

Biocon: The company and Mylan have won a patent case asserted by Sanofi for insulin Glargin device in the US.

Varun Beverages: PepsiCo to acquire energy drink maker Rockstar Energy in a $3.85 billion deal.

Mahindra & Mahindra: The company to acquire additional 34,249 equity shares of MITRA Agro Equipments Pvt Ltd.

Canara Bank: The lender has allotted Basel-III compliant Tier-II bonds worth Rs 3,000 crore.

KPIT Technologies: The company will buy 78.5 percent stake in Vayavya Labs for Rs 24.56 crore.

Hikal: The company has clarified that there has been no closure at its Mahad unit and the unit has been operating normally.

SMS Pharmaceuticals: The company has received an Establishment Inspection Report (EIR) from USFDA for API facility in Andhra Pradesh.

Jindal Saw: CARE Ratings has assigned its rating as A1+ for the proposed commercial papers.

March 11, 2020March 11, 2020

Here’s a look at buzzing stocks for trade on March 11

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The Indian markets are likely to open lower amid mixed global cues as investors watch for developments around government stimulus as the coronavirus continues its spread globally. Here are today’s top buzzing stocks:

Infosys: The IT major has joined Qualcomm Smart Cities Accelerator Programme to offer smart city solutions.

Adani Gas: The NCLAT has upheld CCI order on the company for abuse of dominant position, reduced the quantum of penalty.

Biocon: The USFDA has accepted biologics licence application for Mylan and company’s proposed Bevacizumab for review.

Vedanta: India Ratings revised the company’s outlook to Negative from Stable, but affirmed long-term issuer rating at AA.

Granules India: The shareholders of the company has approved buyback worth Rs 2,500 crore.

ABB India: Board approved sale of solar inverter business for Rs 100.6 crore on slump sale basis to FIMER’s India subsidiary.

Goa Carbon: The company has reported total petcoke production in February at 2,378 MT.

Zensar Technologies: The company’s subsidiary Foolproof has received order from global property consultant JLL.

Mangalam Organics: The company has paid Rs 5 crore as dues for the appeal pending with the Customs Excise and Service Tax Appellate Tribunal (CESTAT).

Raymond: CEO of company’s lifestyle business, Sanjay Behl stepped down due to the demerger process at the group.

March 9, 2020March 9, 2020

Here’s a look at buzzing stocks for trade on March 09

The Sensex and Nifty are likely to open sharply down Monday morning, as key Asian markets are deep in the red. Global markets continue to be under pressure, with crude oil prices plunging amid fears of a price war between the major oil producing nations. And while central banks globally have lowered rates, market watchers feel that may not do much to fix the disruptions seen across industries following the outbreak of the coronavirus. Here are today’s top buzzing stocks:

Yes Bank: The Enforcement Directorate (ED) has arrested Yes Bank’s former MD & CEO Rana Kapoor.

BPCL: The government has invited bids for the sale of its entire 52.98 percent stake in Bharat Petroleum Corporation (BPCL).

IndusInd Bank: The private lender has announced deferment of its plans to raise funds using additional tier-1 instrument.

Indiabulls Housing Finance: The company has said that Yes Bank owes Rs 662 crore via AT-1 Bonds to the company.

PNB Housing Finance: India Ratings has downgraded the rating of the Non-Convertible Debentures of the Company to ‘IND AA’ from ‘IND AA+’ with Stable outlook.

Natco Pharma: US Food and Drug Administration has issued single observation to its Hyderabad unit.

DLF: Board approved issuance of NCD worth Rs 1,000 crore.

Hikal Ltd: The company has received a notice from the Maharashtra Pollution Control Board for closure of Mahad Unit.

Indian Hume Pipe: The company has received Letter of Acceptance for the work of Rs 492.30 crore.

PTC India: The company has won consulting projects worth Rs 75 crores from its long-term associate Energy Efficiency Services Ltd.

March 6, 2020March 6, 2020

Here’s a look at buzzing stocks for trade on March 06

The Indian markets are likely to open sharply lower on Friday tracking sell-off in global equities on fears of a prolonged world economic slowdown due to the coronavirus outbreak. Here are today’s top buzzing stocks:

Yes Bank: Govt places bank under moratorium, limited withdrawals.

State Bank of India: The country’s largest lender has clarified that matter of Yes Bank was discussed in its board meeting and in-principle approval was given to explore investment in the bank.

Mahindra & Mahindra: February production falls 56 percent to 25,643 units while sales decline 43 percent to 30,083 units, YoY.

Lupin: The company has launched generic Vimovo tablets in the USA.

JSW Steel: Moody’s has changed the outlook on company’s ratings to Stable from Positive and affirmed Ba2 ratings. ICRA revised the long-term credit rating of the company to AA-. (Image: Reuters)

Sagar Cement: Cement production for February falls 7.9 percent while sales decline 2.55 percent, YoY.

Pidilite Industries: The company has incorporated joint venture to carry on construction business using C-Techos Wall Tech.

Punjab National Bank: Board approved share exchange ratio for the merger with Oriental Bank of Commerce and United Bank. (Image: IANS)

CG Power & Industrial Solutions: NCLT has approved re-opening of books of accounts of the company for the past five years till March 31, 2019, on an application filed by the Ministry of Corporate Affairs.

Union Bank of India: Board approved share exchange ratio for the merger with Andhra Bank & Corporation Bank.

March 5, 2020March 5, 2020

Here’s a look at buzzing stocks for trade on March 05

The Indian markets are likely to open higher tracking positive momentum in global peers after the International Monetary Fund (IMF) announced a $50 billion aid package on Wednesday to combat the impact of the coronavirus. Meanwhile, the various announcement by the finance minister will also support markets. Here are today’s top buzzing stocks:

Housing Development Finance Ltd: The mortgage lender has reduced its retail prime lending rate (RPLR) on housing loans by 5 basis points.

Bank of Baroda: Moody’s has cut bank’s baseline credit assessment rating to Ba3 against Ba2.

Maruti Suzuki: The company has partnered with HDB Financial Services to facilitate car loans for the customer.

HDFC Bank: The lender has reconstituted the search panel to identify the successor to the MD.

Allcargo Logistics: The company has received SEBI approval to buy 3.17 crore shares in Gati via open offer.

Mahindra & Mahindra: Supply disruptions of certain components of BS-VI vehicles to hit sales volume by around 12,000 units in March.

GMR Infrastructure: Promoter group has acquired 38 lakh shares via open market on March 2.

TIPS Industries: CARE Ratings has revised ratings on the company’s long-term bank facility as ‘CARE BBB’ from ‘CARE BBB-‘.

Bhagyanagar India: CARE Ratings has revised ratings on the company’s long-term bank facilities as ‘CARE BBB’ with a stable outlook.

Allsec Technologies: ICRA has withdrawn ratings on the company’s long-term and short-term instruments worth Rs 11 crore.

January 11, 2019

Max Life Insurance upbeat on IT, consumption and private banks

Mihir Vora, director and CIO, Max Life Insurance, believes that 2019 has started with mixed macros wherein global macros are favourable while local macros are turning a bit negative.

The global macros like oil prices, currency are stable while in local macros, one is seeing slowdown in auto numbers, cement numbers, which indicate signs of demand slowdown, he said in an interview with CNBC-TV18.

Sector specific, he said the IT pack is in a sweet spot and the house is a bit overweight on the space. “It is a low beta sector, it is defensive with good quality cash flows. So don’t expect huge volatility for the sector and if it corrects sharply, it would be a time to buy,” he said.

On the consumption space, he said with government stimulating the economy both, the rural and urban consumption theme should continue. So, in the short term one should enjoy the consumption boom.

On financials, he said they would stay away from the NBFCs but prefer the private corporate and retail banks. “Since the NBFC situation has still not improved, one could see business shift from them to private banks,” he said.