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Stocks To Watch Today: M&M, PNC Infratech, Samvardhana Motherson, Reliance Power, Vodafone Idea

Stocks to watch before going into trade today.

<div class="paragraphs"><p>(Photo: Joshua Mayo/ Unsplash)</p></div>
(Photo: Joshua Mayo/ Unsplash)

Stocks and US equity futures rose on Friday as investors assessed whether monetary tightening to tackle inflation in the US.

Equities advanced in Japan, Australia and Hong Kong after Wall Street closed with modest gains. The euro surged to the highest level in more than a week after the European Central Bank raised rates 75 basis points Thursday.

At 7:50 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.48% higher at 17,905 points.

Oil hovered around $83 a barrel and gold edged higher.

Stocks To Watch

  • NTPC: The company has entered into an agreement to supply renewable energy power to the armed forces. This is the first agreement by Indian armed forces for sourcing power from renewable energy sources.

  • Vodafone Idea: The government will acquire a stake in Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, PTI reported. The company’s board has offered a stake to the government at a par value of Rs 10 per share.

  • KRBL/LT Foods/GRM Overseas/other rice stocks: Government has imposed a 20% duty on exports of unmilled rice.

  • Samvardhana Motherson: The company as signed a strategic agreement to acquire assets of frame manufacturing and assembly operations from Daimler India Commercial Vehicles Ltd. operated out of its facilities in Chennai at book value. Also, as a part of the transaction SAMIL has signed a long-term agreement with DICV for supply of the complete frame assembly.

  • Mahindra & Mahindra: The company unveiled its first all-electric SUV - the XUV400. The car will be initially sold in 16 cities including Mumbai, Bengaluru, Chennai and Delhi NCR.

  • PNC Infratech: The company has signed the concession agreement for a Four Laning of Sonauli - Gorakhpur section of NH-29E project in Uttar Pradesh, with National Highways Authority of India for bid project cost of Rs. 1,458 crore.

  • Reliance Power: The company has issuance of upto 60 crore equity shares and/or warrants convertible into equity shares through preferential allotment on a private placement basis to VFSI Holdings Pte. for Rs 15.55 apiece, aggregating to Rs 933 crore.

Pledge Share Details

  • Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust created a pledge of 5 lakh shares on Sept. 6.

Insider Trades

  • Adani Enterprises: Promoter Group Gelt bery Trade and Investment bought 140 shares on Sept. 7.

  • Asahi India Glass: Promoter Group Kapoor Chand Gupta sold 1,750 shares, and Promoter Group Kanta Gupta bought 1,750 shares on July 30.

  • Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 7.

  • Geojit Financial Services: Promoter BNP Paribas sold 1.19 lakh shares on Sept. 6.

  • GATI: Promoter Group Jubilee Commercial and Trading sold 10,309 shares between Sept. 5 and 7.

Bulk Deals

  • Coffee Day Enterprises: IDBI Trusteeship Services sold 18.56 lakh shares (0.87%) at Rs 54.37 apiece.

  • Gokaldas Export: Soch Capital sold 4.05 lakh shares and Pathik Gandotra bought 40.5 lakh shares (0.66%) at Rs 361.73 apiece and

  • InterGlobe Aviation: Rakesh Gangwal sold 27.98 lakh shares (0.72%) at Rs 1,886.47 apiece and 26.02 lakh shares (0.67%) at Rs 1,890.75 apiece. Shobha Gangwal sold 21.65 lakh shares (0.56%) at Rs 1,895.46 apiece and 30.22 lakh shares (4.98%) at Rs 1,901.34 apiece.

Who’s Meeting Whom

  • Sundram Fasteners: To meet investors and analysts on Sept. 9.

  • Radico Khaitan: To meet investors and analysts on Sept. 9.

  • TCNS Clothing Co: To meet investors and analysts on Sept. 9.

  • UltraTech Cement: To meet investors and analysts on Sept. 9.

  • Nuvoco Vistas Corporation: To meet investors and analysts on Sept. 9.

AGMs today

  • Kennametal India

  • Accelya Solutions India

  • UTI Asset Management Company

  • Sagar Cements

  • ICICI Prudential Life Insurance Company

  • Allcargo Logistics

  • Andhra Paper

  • Easy Trip Planners

  • Wendt (India)

  • Clariant Chemicals (India)

  • InterGlobe Aviation

  • ABB India

Trading Tweaks

  • Price Band Revised From 20% To 5%: BEML

  • Price Band Revised From 20% To 10%: Rossell India

  • Record-Date Dividend: Sambhaav Media, Deccan Cements

  • Record-Date Demerger: BEML

  • Record-Date Final Dividend: Venky's (India), Moil

  • Record-Date Bonus: Jyoti Resins and Adhesives

  • Ex-Date Final Dividend: Action Construction Equipment, GMM Pfaudler

  • Ex-Date Dividend: Gujarat State Fertilizers & Chemicals

  • Ex-Date Interim Dividend: Suven Pharmaceuticals

  • Ex-Date Special Dividend: Suven Pharmaceuticals