Stocks To Watch: RBL Bank, GMR Infra, Adani Transmission, HP Adhesives Listing, Vedanta
India's stock benchmarks logged gains in the penultimate week of 2021, aided by information technology and pharma stocks. It was a volatile week with the benchmarks recovering for three consecutive sessions after the sharp decline on Monday, only to close the week snapping that winning streak.
On Friday's session, the S&P BSE Sensex fell 0.33% to 57,124.31. The 30-stock gauge shed nearly 1% or over 500 points in intraday trade to slip below 57,000, before paring some of the losses. The NSE Nifty 50 index also fell by similar magnitude to 17,003.75.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.24% to 16,957.50, as of 6:55 a.m.
Here Are The Stocks To Watch
RBL Bank: RBI appointed an additional director on RBL Bank's board and MD & CEO Vishwavir Ahuja went on 'medical leave'. Bank says that the events are not a reflection of its financial performance. Interim MD & CEO Rajeev Ahuja says that the regulator had full faith in bank's management and its financial position.
GMR Infrastructure: GMR Airports Netherlands, a step-down subsidiary of GMR Airports Limited signed the shareholders’ agreement and share subscription agreement with Angkasa Pura II for the development and operation of Kualanamu International Airport in Medan, Indonesia.
Adani Transmission: Awarded 400 KV Karur transmission project for evacuation of renewable power at estimated capex of Rs 200 crore. Received letter of intent for the acquisition of a renewable energy evacuation system under Khavda-Bhuj Transmission Ltd at estimated capex of Rs 1,200 crore.
Emami Realty: CARE Ratings reviewed and upgraded the credit rating of the bank's long-term facilities to ‘BBB; Stable’ from BBB-; Stable’.
Vedanta: India Ratings and Research has revised the company’s outlook to positive from stable while affirming its long-term issuer rating at IND AA-
Steel Exchange India: To evaluate various options for restructuring of business verticals of the company and better utilization of unutilized and underutilized infra-assets.
INOX Leisure: Commenced commercial operations of a 900 seater multiplex theatre taken on lease basis in Gurugram, Haryana.
Religare Enterprises: Religare Broking Limited, a wholly owned subsidiary of the company has been assigned with a credit rating CARE A3 for its short term bank facilities of up to Rs. 350 crore.
One97 Communications: Consolidates offline payments vertical and lending business, under the leadership of Bhavesh Gupta, currently Chief Executive Officer of Lending. Over 25 employees were recently promoted to Senior Vice President and Vice President positions, taking the senior management team count to over 150.
HDFC AMC: To meet on Jan. 24 to consider Q3 results.
Wipro: To consider Q3 results and interim dividend, if any, on Jan. 12.
HCL Technologies: To consider Q3 results and fourth interim dividend, if any, on Jan. 14.
ICICI Bank: To consider Q3 results on Jan. 22.
Punjab National Bank: Assigned 'IND AA+/Stable' rating to Rs.1,495 crore AT1 bonds while reaffirming its ratings on bank's AT1 bonds at 'IND AA+/Stable', Basel III Tier 2 bonds at 'IND AAA/Stable' & senior infrastructure bonds at 'IND AAA/Stable'.
Dish TV, Yes Bank: Promoters of Dish TV filed a petition seeking SEBI to refrain Yes Bank from voting in Dish TV's AGM.
Kabra Extrusiontechnik: To raise funds to expand battery division.
Lupin: Gets U.S. FDA approval for its ANDA for Sevelamer Carbonate for oral suspension.
HP Adhesives to list today. The issue was subscribed 20.96 times.
Hexagon Nutrition files papers for Rs 100-crore IPO. Existing shareholders to sell up to 30.1 million shares.
Protean EGov Technologies, formerly known as NSDL e-Governance Infrastructure, files for IPO.
Pledge Share Details
Max Financial Services: Promoter group Max Ventures Investment Holdings Pvt. Ltd. (Revised) created a pledge of 5,08,350 shares between Oct. 18 and Dec. 21.
Swan Energy: Promoter group Dave Impex Pvt. Ltd. revoked 47,26,385 shares on Dec. 23.
Emami: Promoter group Suraj Finvest Pvt. Ltd. created a pledge of 18,75,000 shares on Dec. 21.
Chambal Fertilisers & Chemicals: Promoter group Texmaco Rail & Engineering Ltd. sold 3 lakh shares between Dec. 22 and Dec. 23. Promoter group Adventz Finance Pvt. Ltd. bought 2,25,000 shares on Dec. 23.
JSW Holdings: Promoter group JTPM Metal Traders Pvt. Ltd. bought 5,10,650 shares between Dec. 20 and Dec. 23.
Gujarat Fluorochemicals: Promoter group Inox Chemicals sold 7,334 shares on Dec. 23.
Vedanta: Vedanta Holdings Mauritius II Ltd. bought 4.43 crore shares (1.1%) at Rs 340.4 apiece. Westglobe sold 4.43 crore shares (1.1%) at Rs 340.4 apiece.
Who’s Meeting Whom
Persistent Systems: Met Duro Capital on Dec. 23.
RBL Bank: Met Nippon Life India Asset Management Limited on Dec. 23.
IndusInd Bank: To meet Ocean Dial Asset Management India, ICICI Prudential Life Insurance, UTI Pension Fund, Millennium Capital Management (HK) and Helios Advisors on Dec. 24.
Tatva Chintan Pharma Chem: To meet East Lane Capital on Dec. 27.
Price Band Changed From 10% To 20%: Pritish Nandy Communications, Shrenik.
Price Band Changed From 20% To 10%: Bright Solar, Mittal Life Style, PTL Enterprises.
Shortlisted In Long-Term ASM Framework Stage-I: Mittal Life Style, Share India Securities.
Shortlisted In Short-Term ASM Framework Stage-I: PTL Enterprises, Agro Phos India, Eastern Silk Industries.
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