Stocks To Watch Today: Bajaj Auto, Dr Reddy's, HDFC, HFCL, Omaxe
Here are the stocks to watch in today's trade.
Stocks fell and the US dollar held near three-week high on Friday, amid concerns of high inflation and slowing economic growth.
Equities declined in Japan, Australia and South Korea. US futures were volatile after incurred losses during market hours. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell more than 1.4% to 16,239.50 points as of 6:50 am.
In commodities, oil prices declined. Bitcoin was trading below $30,000.
Here are the stocks to watch in today's trade:
Bajaj Auto: To consider buyback of shares on June 14.
IndusInd Bank: Pradeep Udhas joins board as independent director.
Omaxe: The company has partnered with Jio-BP to set up electric car charging stations in Delhi NCR, Jaipur and various cities in Punjab.
Kotak Mahindra Bank: The private sector lender has raised savings as well as fixed deposit rates across various tenors up to 4%.
HDFC Ltd: India's largest mortgage lender has raised its retail prime lending rate on home loans by 50 basis points.
Asian Granito India: The company has appointed Mehul Shah as new chief financial officer, effective June 10.
Karur Vyasa Bank: The lender has raised its repo-linked external benchmark rate to 7.95% from 7.45%.
Dr Reddy’s: US-based Olema Pharma has entered into a global licence agreement with Dr. Reddy's subsidiary Aurigene Discovery to discover and develop a novel cancer drug.
HFCL: The company has received purchase orders worth Rs 73.39 crore, including an order of Rs 51.09 crore from a domestic private telecom operator.
Indian Overseas Bank: The bank has raised its repo-linked lending rate to 7.75%, effective June 10.
Pledged Shares Details
Emami: Promoter Group Sneha Enclave revoked a pledge of 23.6 lakh shares between June 6 and June 8.
Insider Trades
Mukand: Promoter group Bachhraj Factories bought 15,535 shares between June 7 and June 8.
Apcotex Industries: Promoter groups Gauriputra Investments and Trading Co. and Aquamarine Trading and Investments bought 400 shares each on June 7 and June 8.
Zydus Wellness: Zydus Family Trust bought 403 shares on June 8.
KEC International: Promoter group Instant Holdings bought 9,200 shares between June 7 and June 8.
Valiant Organics: Promoter Vicky Hemchand Gala sold 24,760 shares on June 6.
Block Deals
GMR Infrastructure: C/D Investors Fund L.P. bought 2.46 crore (0.4%) shares at Rs 36.3 apiece. A/D Investors Fund L.P. bought 2.98 crore (0.49%) shares at Rs 36.3 apiece. DVG 1740 Fund L.P. bought 2.04 crore (0.33%) shares at Rs 36.3 apiece. Veda Investors Fund L.P. bought 5.75 crore (0.95%) shares at Rs 36.3 apiece. H/D Investors Fund L.P. bought 1.56 crore (0.25%) shares at Rs 36.3 apiece. Deccan Value Investors BPI Fund L.P. bought 69.86 lakh (0.11%) shares at Rs 36.3 apiece. Deccan Value Investors Fund L.P. bought 4.32 crore (0.71%) shares at Rs 36.3 apiece. DVI Fund Mauritius sold 19.84 crore (3.28%) shares at Rs 36.3.
GMR Power And Urban Infrastructure: DVG 1740 Fund L.P. bought 52.75 lakh (0.87%) shares at Rs 21.9 apiece. H/D Investors Fund L.P. bought 40.37 lakh (0.66%) shares at Rs 21.9 apiece. Veda Investors Fund L.P. bought 1.48 crore (2.46%) shares at Rs 21.9 apiece. Deccan Value Investors BPI Fund L.P. bought 18.04 lakh (0.29%) shares at Rs 21.9 apiece. A/D Investors Fund L.P. bought 77.01 lakh (1.27%) shares at Rs 21.9 apiece. C/D Investors Fund L.P. bought 63.79 lakh (1.05%) shares at Rs 21.9 apiece. Deccan Value Investors Fund L.P. bought 1.11 crore (1.85%) shares at Rs 21.9 apiece. Deccan Value Advisors Fund IV sold 5.12 crore (8.49%) shares at Rs 21.9 apiece.
Who’s Meeting Whom
GE Power: To meet SBI Mutual Fund and DSP Mutual Fund on June 13.
Trading Tweaks
Price Band Revised From 10% To 5%: Raymond
Record Date Interim Dividend: Quess Corp
Record Date Dividend: Welspun Corp, Asian Paints, Power Finance Corporation, Elecon Engineering
Record Date Special Dividend: Elecon Engineering
Record Date Bonus: AU Small Finance Bank
Ex-Date AGM/Dividend: Tata Communications
Ex-Date Dividend: CEAT, Tata Communications