Stocks To Watch Today: Concor, IndiGo, IRCTC, LIC Housing, Redington India, Zee Entertainment
Stocks to watch before going into trade today.
Asian equities gained after U.S. treasury yield stabilised and dollar strengthening further.
Japan paced a 0.7% advance in the regional index, a smaller gain than the rallies of about 2% in the S&P 500 and Nasdaq 100 overnight.
At 6:35 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.56% higher at 17,729 points.
The stronger U.S dollar led currencies like yen and the power to the lowest since 1985. U.S. treasury yield stabilised as bonds got a boost from the fall in oil prices.
Stocks To Watch:
Zee Entertainment: The company received NCLT approval to convene shareholder meet for considering, approving Sony deal. NCLT directed it to hold the shareholders' meet on October 14, 2022.
InterGlobe Aviation: The Gangwal family, one of the promoters of InterGlobe Aviation Ltd., will offload 2.8% stake in the airline through block deal, according to Bloomberg News. Rakesh Gangwal, the co-founder of IndiGo airline, along with Shobha Gangwal and the Chinkerpoo Family Trust will offer 1.08 crore shares, it said.
LIC Housing Finance: The company appointed Ashwani Ghai as the Chief Operating Officer.
IRCTC: The company emerged as the successful bidder in sale of commercial built-up space in WTC Nauroji Nagar, New Delhi.
Zydus Lifesciences: The company announced that it has achieved a positive Proof-of-Concept in its Phase 2 clinical study of ZYIL1, in patients with Cryopyrin Associated Periodic Syndrome.
Redington India: Apple launched iPhone 14 series. It intends to manufacture it in India about two months after, according to Bloomberg. Redington is a re-seller of Apple products in India.
Aditya Birla Fashion and Retail: SEBI granted relaxation to the company from securities contracts rules in preferential allotment To Caladium Investment.
Concor: The Union Cabinet approved lowering the railway land licensing fees to 1.5%, which is expected to facilitate the disinvestment process of Concor.
AAVAS Financiers: CARE Ratings has upgraded the company’s long-term facilities credit rating to CARE AA from CARE AA-. Outlook on the long-term facilities rating is revised to stable from positive.
Yes Bank: SEBI imposes Rs 2 crore penalty on Former Yes Bank CEO Rana Kapoor
TCS: To deploy cloud-based platform at Nokia.
Cipla: Gets U.S. FDA approval for generic version of Revlimid.
Pledge Share Details
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 7.1 lakh shares on Sept. 5.
Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust revoked a pledge of 5 lakh shares on Sept. 5.
Insider Trades
L.G. Balakrishnan & Bros.: Promoter Nithin Karivardhan sold 3,000 shares on Sept. 6.
Anjani Finance: Promoter Commander Industries sold 8,000 shares on Sept. 6.
Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 6.
Uttam Sugar Mills: Promoter Rajan Adlakha sold 28,106 shares between Sept. 1 and Sept. 2.
Bulk Deals
Bharti Airtel: Bharti Telecom bought 9.62 crore shares (1.72%) at Rs 686.2 apiece and Pastel sold 9.3 crore shares (1.67%) at Rs 687.31 apiece.
Embassy Office Parks REIT: Reddy Veeranna sold one crore shares (0.1%) at 351.89 apiece.
Block Deals
Brookfield India Real Estate Trust REIT: BSREP India Office Holdings III PTE bought, and BSREP Moon CI L.P. sold 8 lakh shares (0.23%), BSREP II India Office Holdings II PTE bought and Kairos Property Managers sold 33.87 lakh shares (1.01%) at Rs 330 apiece, respectively.
CG Power and Industrial Solutions: Societe Generale bought 4.67 lakh shares (0.03%), DSP Mutual Fund bought 98.78 lakh shares (0.64%), HDFC Life Insurance Company bought 35 lakh shares (0.22%), Standard Chartered Bank (Singapore) sold 1.38 crore shares (0.9%) at Rs 215 apiece, respectively.
Who’s Meeting Whom
Clean Science and Technology: To meet investors and analysts on Sept. 8.
FSN E-Commerce Ventures: To meet investors and analysts from Sept. 7 to Sept. 9.
UltraTech Cement: To meet investors and analysts on Sept. 8.
Max Healthcare Institute: To meet investors and analysts on Sept. 8.
Varroc Engineering: To meet investors and analysts on Sept. 8.
Krishna Institute of Medical Sciences: To meet investors and analysts on Sept. 8.
Varun Beverages: To meet investors and analysts on Sept. 8.
AGMs today
Bengal & Assasm Company
Genus Power Infrastructures
Heidelberg Cement India
Ion Exchange (India)
Vedant Fashions
Trading Tweaks
Price Band Revised From 20% To 10%: Dish TV India
Record-Date Dividend: Central Depository Services (India), Maharashtra Seamless, Rainbow Children's Medicare
Ex-Date Final Dividend: Ashiana Housing, Electrosteel Castings, Ircon International, KIOCL, KRBL, Mastek, Moil, Rites, Ramkrishna Forgings, Tatva Chintan Pharma Chem, Venky’s (India)
Ex-Date Spin Off: BEML
Ex-Date Dividend: Gulf Oil Lubricants India, J Kumar Infraprojects
Ex-Date Bonus: Jyoti Resins and Adhesives, Sonata Software
Move-Into Short Term ASM Framework: Rossell India, Goodluck India
Move Out Of Short-Term ASM Framework: Surya Roshni, Wonderla Holidays