Stocks To Watch Today: Dixon Tech, HDFC Life Insurance, NDTV, Vedanta, Zee Entertainment

Stocks to watch before going into trade today.

Mallica Mishra

13 Sep 2022, 08:21 AM IST

(Photo: Glenn Carstens-Peters/Unsplash)

Asian equities extended the global rally in risk assets.

Stocks rose in Japan, Australia and Hong Kong. US futures were steady after the S&P 500 completed its best four-day surge since June.

At 8:00 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.57% higher at 18,044 points.

Crude oil fell about 1% after a recent advance. Bitcoin traded above $22,000

Back home, India's stock benchmarks ended firm on Monday aided by gains in basic materials, information technology, realty, auto, and consumer durables stocks. Rupee ended higher against the dollar in a volatile session on Monday.

Stocks In News

SH Kelkar and Co.: The company’s entire stake held in Keva U.K. has been purchased by Keva Europe B.V. for a consideration of 4.42 million pounds (over Rs 41 crore). Both entities are wholly owned subsidiaries of SH Kelkar and Co. and are related to each other. The transaction has been done at arm’s length based on the valuation report, the company said.
NDTV: The Income Tax Department has clarified that there is no restriction on conversion of warrants into shares by RRPR Holdings in favor of Vishvapradhan Commercial Pvt., the company told stock exchanges. This clears the way for the acquisition of the company by Adani group. In other news, NDTV has paid a penalty of Rs 10 lakh on SAT’s order alleged non-disclosure of a loan taken by the NDTV founder-promoters. The appellate tribunal had reduced the penalty from Rs 5 crore to Rs 10 lakh considering shareholders’ interest.
Adani Transmission: Reliance Infra has raised an arbitration claim on a December 2017 deal with Adani Transmission for sale of its Mumbai power transmission network. In response, Adani Transmission called the claim “afterthoughts”, based on untenable positions.
Future Enterprises: The company has appointed M/s. JC Kabra & Associates., Chartered Accountants to carry out forensic audit of the accounts of the company, in compliance with the extant RBI guidelines.
Tata Consultancy Services: Tata Consultancy Services to build a new platform on Google Cloud to enable faster, more predictable, and sustainable distribution for C&S Wholesale Grocers, Inc., a supply chain solutions and wholesale grocery supply major in the U.S.
Ujjivan Small Finance Bank: Ujjivan Small Finance Bank on Monday launched its QIP with a floor price of Rs 21.93 per share to meet the regulatory requirement ahead of the merger with its parent company.
Dixon Technologies: Company gets approval for disbursement of incentives.
HDFC Life: Abrdn seeks up to $313 millon in HDFC Life share sale. The company also was raised to 'overweight' at JPMorgan.
NDTV: Pays penalty for founders' alleged non-disclosure of the loan.
Vedanta: Picks Gujarat state for India chips plant, according to Reuters.
Zee Entertainment: Sony, Zee offer merger concessionas to eas India watchdog.

Pledge Share Details

Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 3.9 lakh shares on Sept. 8.
Jindal Saw: Promoter Group OPJ Trading revoked a pledge of 33.5 lakh shares on Sept. 8.
Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust, revoked a pledge of 1.5 lakh shares on Sept. 7.

Insider Trades

Biocon: Promoter Group Dev Mazumdar sold 8.97 lakh shares, Promoter Kiran Mazumdar Shaw and Promoter Group Ravi Rasendra Mazumdar bought 4.11 lakh shares and 4.86 lakh shares, respectively, on Sept. 5.
Geojit Financial Services: Promoter BNP Paribas sold 3.5 lakh shares on Sept. 8.
Uttam Sugar Mills: Promoter Uttam Sucrotech sold 1.53 lakh shares between Sept. 6 and 8.
DB Corp: Promoter DB Consolidated bought 7.58 lakh shares between Sept. 6 and 9.
Authum Investment & Infrastructure: Promoter Group Mentor Capital bought 8.49 lakh shares on Sept. 9.
Syngene International: Promoter Group Dev Mazumdar sold 13,374 shares, Promoter Kiran Mazumdar Shaw and Promoter Group Ravi Rasendra Mazumdar bought 6,688 shares and 6,686 shares, respectively, on Sept. 5.
Godrej Agrovet: Promoter Godrej Industries bought 15,643 shares between Sept. 6 and 7.
Tarc: Promoter & Director Amar Sarin bought 3 lakh shares on Sept. 9.

Bulk Deals:

Bodal Chemicals: Samyaktva Construction LLP sold 7 lakh shares (0.57%) at Rs 101.02 apiece.
Krishna Institute of Medical Sciences: ICICI Prudential Mutual Fund A/C - ICICI Prudential Smallcap Fund bought 9 lakh shares (1.12%) and ICICI Prudential Mutual Fund A/C - ICICI Prudential Long Term Equity Fund bought 11 lakh shares (1.37%) at Rs 1,250 apiece.

Who’s Meeting Whom:

ITC: To meet investors and analysts on Sept. 13 and 14.
Safari Industries: To meet investors and analysts on Sept. 13.
Persistent Systems: To meet investors and analysts between Sept. 12 and 16.
Sundram Fasteners: To meet investors and analysts between Sept. 14.
Arvind Fashions: To meet investors and analysts between Sept. 13.
Matrimony.com: To meet investors and analysts between Sept. 21.

AGMs:

Bharat Rasayan
Chambal Fertilizers & Chemicals
Garware Technical Fibres
Mangalore Chemicals & Fertilizers
National Peroxide

Trading Tweaks:

Price Band Revised From 10% To 5%: Vinyl Chemicals (India)
Ex-Date Annual General Meeting: India Nippon Electricals
Ex-Date Bonus: Bajaj Finserv
Ex-Date Stock Split: Baja Finserv
Ex-Date Final Dividend: BLS International Services, CARE Ratings, Century Plyboards India, Cms Info Systems, Prince Pipes and Fittings, Tamilnadu Newsprint & Papers
Ex-Date Buy Back: CARE Ratings, Quick Heal Technologies
Record-Date Dividend: D.B Corp, Alembic
Record-Date Annual General Meeting: D.B Corp
Move Into Short-Term ASM Framework: Igarashi Motors India, Anant Raj
Move Out Of Short-Term ASM Framework: Best Agrolife, Tejas Networks, Nelco, Poly Medicure, Reliance Power, West Coast Paper Mills

Research Reports: