Stocks To Watch Today: BHEL, Blue Dart, Edelweiss, Nykaa, Tata Chemicals, Torrent Pharma

Stocks to watch before going into trade today.

Mallica Mishra

29 Sep 2022, 08:45 AM IST

(Photo: Unsplash)

Asian equities jumped following the strongest day for US stocks since early August after the Bank of England unveiled a bond-buying programme that triggered a global rally in government debt.

Equities rose in Japan, Hong Kong and Australia, mirroring a 2% advance for the S&P 500, which snapped a six-day losing streak. At 7:15 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- gained 0.95% to 17,050.

The rally in riskier assets was triggered by the BOE’s plan to purchase up to £65 billion ($71 billion) in UK government debt over the next two weeks. The move averted a crisis for retirement funds and has lifted risk sentiment in Asia’s markets Thursday.

The BOE’s bond buying buoyed the pound, which recently fell to the lowest since 1985. It was weakening again Thursday morning in Asian trading as the dollar rose slightly against its G-10 counterparts.

The Indian rupee, which fell to its lowest on record on Wednesday, is likely to open higher against the greenback today.

A dollar index rose 0.4%, Bitcoin traded flat at $19,554, and gold was at $1,654.83 an ounce.

Stocks To Watch Today

Nykaa: The board India's biggest online cosmetics retailer will meet on Oct. 3 to consider and approve a bonus share issue.
Torrent Pharmaceuticals: The US FDA has issued a Form 483 with three observations to the drugmaker after inspection of its Indrad, Gujarat-based manufacturing plant.
Chemcon Speciality Chemicals: The company has commenced commercial production at P9 facility in Manjusar near Vadodara.
Shree Cement: CARE Ratings has assigned ‘CARE AAA; Stable’ rating to the long-trm bank facilities of the company.
Supriya Lifescience: A European authority has granted the Mumbai-based drugmaker 'Certification of Suitability' for Diphenhydramine Hydrochloride, an API in antihistamine therapy.
Blue Dart: The logistics firm has increasing its shipping rates by an average of 9.6%. The new tariff will be effective Jan. 1, 2023.
SH Kelkar: Wholly owned subsidiary Keva Europe BV has acquired 19% equity in Provier Beheer BV, taking its total stake to 81%. The balance will be acquired in a span of two years. Separately, another subsidiary, Creative Flavours & Fragrances, has acquired Nova Fragrance.
Dish TV: The board of the DTH operator has approved transfer of the company's stake in Dish TV Lanka to Union International for 25 million Sri Lankan rupees.
Edelweiss Financial Services: The company has subscribed to the rights issue of subsidiary Edelweiss Tokio Life Insurance, and has been allotted 25 crore equity shares for Rs 250 crore. That increases its stake in the subsidiary to 75.08% from 66% earlier.
Ramco Cements: The company commissioned its fifth integrated cement plant in Andhra Pradesh. The plant has a clinkerisation capacity of 2.25 million tonnes per annum.
Titan/Kalyan Jewellers: The market share of branded gold jewellery can surpass 40% of the overall market in the next five years, according to a report by the World Gold Council.
BHEL: Gets NTPC order for Odisha thermal power project.

Bulk Deals

Can Fin Homes: PGIM India Mutual Fund sold 10 lakh shares (0.75%) at Rs 469.62 apiece.
SH Kelkar: Keva Investment Partners bought 11.1 lakh shares (0.8%) and Keva Constructions sold 11.1 lakh shares (0.8%) at Rs 140.41 apiece.

Who's Meeting Whom

Gujarat Themis Biosyn: To meet investors and analysts on Sept. 30.
PI Industries: To meet investors and analysts on Sept. 29.
Themis Medicare: To meet investors and analysts on Sept. 29.
Page Industries: To meet investors and analysts on Sept. 29.
Ultratech Cement: To meet investors and analysts on Sept. 29.
Bajaj Consumer Care: To meet investors and analysts on Sept. 29.
Amara Raja: To meet investors and analysts on Sept. 29-30.
Kriti Industries (India): To meet investors and analysts on Sept. 29.
Adani Wilmar: To meet investors and analysts on Oct. 10.

AGMs Today

Bharat Heavy Electricals
Campus Activewear
Caplin Point Laboratories
Cochin Shipyard
Delhivery India
Dhani Services
Emami Realty
Fino Payments Bank
Gujarat Fluorochemicals
Gokaldas Exports
Gujarat Alkalies & Chemicals
Hindustan Construction Company
Indo Count Industries
Jain Irrigation Systems
Just Dial (India)
KNR Constructions
KPI Green Energy
LIC Housing Finance
NACL Industries
National Fertilizers
Nazara Technologies
NBCC
Network18 Media
NLC India
Patanjali Foods
Radico Khaitan
SJVN
Suzlon Energy
TV18 Broadcast

Pledged Share Details

Chambal Fertilisers & Chemicals: Promoter Zuari Industries revoked a pledge of 9 lakh shares on Sept. 23.
The Ramco Cements: Promoter P R Venketrama Raja revoked a pledge of 1.5 lakh shares on Sept. 26.
Ramco Industries: Promoter P.R. Venketrama Raja revoked a pledge of 6 lakh shares on Sept. 26.
Healthcare Global Enterprises: Promoter & Director Dr. B.S. Ajaikumar created a pledge of 90,000 shares on Sept. 27.

Insider Trades

West Coast Paper Mills: Promoter & Director Shashi Bangur bought 20,000 shares on Sept. 26.
NCL Industries: Promoter Groups Utkal B Goradia bought 4,366 shares on Sept. 27 and Bh.Subbaraju bought 5,848 shares on Sept. 28.
Cosmo First: Promoter & Director Ashok Jaipuria bought 4,000 shares on Sept. 28.
Manappuram Finance: Promoter & Director Nandakumar V P bought 1.5 lakh shares on Sept. 27.
Zydus Wellness: Promoter Group Zydus Family Trust bought 90,502 shares between Sept. 26 and Sept. 27.
Star Cement: Promoter & Director Prem Kumar Bhajanka bought 29,000 shares on Sept. 23 and Promoter Group Sarika Jalan sold 10,000 shares between Sept. 23 and Sept. 26.
Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 27.
Mahindra CIE Automotive: Promoter Mahindra & Mahindra sold 82.42 lakh shares and Participaciones Internacionales Autometal, Dos S.L bought 87.2 lakh shares on Sept. 27.
Man Infraconstruction: Promoter Parag K. Shah bought 30,000 shares on Sept. 27.
Fineotex Chemical: Promoters & Directors Surendra Tibrewala, Sanjay Tibrewala and Aarti Jhunjhunwala bought 11,000 shares each on Sept. 27.
Adani Green Energy: Promoter Spitze Trade and Investment bought 5 lakh shares on Sept. 26.