Stocks To Watch: Infosys, NTPC, IIFL Finance, Lemon Tree, RBL Bank
Stocks to watch before going into trade today
Stocks declined Asia on Tuesday amid worries about Federal Reserve monetary tightening and oil prices topping $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut output.
MSCI Inc.’s Asia-Pacific equity index slipped to a near four-week low as Japan shed about 1% after S&P 500 and Nasdaq 100 futures stabilized. Hong Kong and China bourses were a little more resilient after China cut borrowing costs and plans special developer loans worth as much as 200 billion yuan ($29.3 billion) to ease a property crisis, moves that may aid sentiment.
At 8:40 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.39% lower at 17,421 points.
Stocks To Watch
NTPC: The company’s first part capacity of 10 MW out of 20 MW Gandhar Solar PV Project at Gandhar, Gujarat, is declared on Commercial Operation from Aug. 23.
Infosys: Scaled back the average variable payout of employees to about 70% for the June quarter amid margin squeeze and high employee costs, PTI reported.
IIFL Finance: The company’s subsidiary IIFL Home Finance approved allotment of 53.76 lakh shares, representing 20% stake, to Abu Dhabi Investment Fund for a consideration of Rs 2,200 crore.
Lemon Tree: The company has signed license agreement for a 65 room hotel at Hubli, Karnataka. The hotel is expected to be operational by May, 2023.
RBL Bank: The bank approved raising Rs 3,000 crore via debt securities on private placement basis.
Pledge Share Details
Jindal Steel & Power: Promoter Groups Siddeshwari Tradex revoked a pledge of 9 lakh shares on August 18. OPJ Trading revoked a pledge of 6.52 lakh shares on August 22. Gagan Infraenergy revoked a pledge of 8.55 lakh shares on August 19. Opelina Sustainable Services revoked a pledge of 1.009 crore shares between August 18 and August 22.
Insider Trades
Westlife Development: Promoter Group Anurag Jatia sold 2.5 lakh shares on August 19.
Godrej Agrovet: Promoter Godrej Industries bought 39,077 shares on August 17.
Who’s Meeting Whom
Aether Industries: To meet investors and analysts on August 23.
TTK Prestige: To meet investors and analysts on August 23 and August 29.
INOX Leisure: To meet investors and analysts on August 24.
R Systems International: To meet investors and analysts on August 24.
Transpek Industry: To meet investors and analysts on August 29.
Kirloskar Ferrous Industries: To meet investors and analysts on August 23.
Kirloskar Pneumatic Company: To meet investors and analysts on August 23.
Cms Info Systems: To meet investors and analysts on August 23.
Blue Star: To meet investors and analysts on August 24.
Aarti Industries: To meet investors and analysts on August 24.
One 97 Communications: To meet investors and analysts on August 23 and August 24.
Indo Count Industries: To meet investors and analysts on August 23.
Union Bank of India: To meet investors and analysts on August 23.
Rategain Travel Technologies: To meet investors and analysts on August 23.
AGMs today
AU Small Finance Bank
Chennai Petroleum Corporation
Dixon Technologies (India)
Fine Organic Industries
Hester Biosciences
Hindalco Industries
Indus Towers
K.P.R. Mill
Timken India
Trading Tweaks
Price Band Revised From 10% To 5%: AMD Industries, New Delhi Television,
Price Band Revised From 20% To 10%: DCM, Repco Home Finance, Sanghi Industries
Ex-Date Interim Dividend: Sun TV Network, Tide Water Oil Company, Chemcon Speciality Chemicals, KPI Green Energy, Aegis Logistics
Ex-Date Final Dividend: JK Paper, Jubilant Ingrevia,
Record-Date Dividend: Hindustan Petroleum Corporation, Narayana Hrudayalaya
Record-Date Buy Back: Granules India
Move Into Short-Term ASM Framework: Pearl Global Industries, Power Mech Projects