Stocks To Watch Today: Bata India, Hero MotoCorp, Maruti Suzuki, Religare Enterprises, Yes Bank
Here are the stocks to watch going into trade today..
Stocks in Asia fell Thursday amid efforts to rein in global inflation even as JPMorgan Chase & Co.’s Jamie Dimon sounded alarm bells on the economy.
An MSCI Inc. gauge of Asia-Pacific shares fell for a second day, with equities in Hong Kong and Japan declining. US futures fluctuated after stocks dropped on Wall Street.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, fell 0.43% to 16,437 points as of 7:30 am.
The dollar was little changed. Crude oil declined on a report Saudi Arabia is ready to pump more oil if Russian output declines. OPEC+ is scheduled to meet to discuss supply policy.
Here are the stocks to watch in today's trade:
Yes Bank: The private lender is nearing a deal to sell a pool of Rs 48,000 crore in stressed assets to the US-based JC Flowers & Co.
Reliance Industries: Reliance Brands and Plastic Legno SPA have signed a joint venture arrangement for toys manufacturing in India.
Maruti Suzuki: Total production rose 303 year-on-year to 1,64,859 units in in May 2022 even as sales increased to 1,61,413 units from 46,555 units a year ago.
Vedanta: The company will consider raising Rs 4,100 crore through non-convertible debentures on June 4.
Bata India: Bata (BN) B.V., The Netherlands, says the sale of its 2.8% stake in Bata India is part of an internal restructuring and that it still holds 50.1% in the Indian subsidiary.
IndusInd Bank: The bank has further reduced its stake in Birla Tyres from 7.498% to 3.869%.
Religare Enterprises: Lenders to wholly owned subsidiary Religare Finvest have agreed to consider a one-time settlement plan as part of the company's revival plan.
Welspun: The company’s Saudi Arabia’s arm East Pipes has signed a contract with Saline Water Conversion Corp. worth Rs 1,013.24 crore to supply and deliver steel pipes for a water transmission project.
Delta Corp: Delta Pleasure Cruise Co. Pvt. Ltd. has commenced management of operations of the casino at Zuri White Sands Goa, Resort and Casino.
Ashoka Buildcon: Ashoka Highways (Bhandara) has received Rs 97.37 crore -- inclusive of interest -- towards full and final settlement against claims and various other disputes under the concession agreement.
Indian Bank: The lender has raised lending rates by 10-90 basis point across tenors after RBI's out-of-turn rate hike.
Hero MotoCorp: Sales rose 169% year-on-year to 4,86,704 units in May 2022. India's largest two-wheeler maker has deferred the launch of its first electric scooter from July to the festive season due to supply chain constraints.
Balaji Amines: The company has approved fundraising by subsidiary Balaji Speciality Chemicals via an initial public offering comprising a fresh issue of Rs 250 crore and/or an offer for sale “by certain existing and eligible shareholders”.
Astron Paper & Board Mill: Search proceedings were carried out by the Income Tax Department under Section 132 of the Income Tax Act, 1961, at the head office of the company from May 26-29.
Pledged Shares Details
Chambal Fertilisers & Chemicals: Promoter Group Simon India created a pledge of 2.75 lakh shares on May 27.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 17.36 lakh shares and revoked a pledge of 28.86 lakh shares between May 30 and May 31.
Steel Strips Wheels: Promoter & Director Dheeraj Garg created a pledge of 3.5 lakh shares and revoked a pledge of 4.5 lakh shares between May 30 and May 31.
Insider Trades
Mukand: Promoter Group Bachhraj Factories bought 19,684 shares between May 26 and May 27.
Zensar Technologies: Summit Securities and Promoter Group Instant Holdings bought 50,000 shares each on May 30.
Navneet Education: Promoter Bipin A Gala-Siddhant Investments bought 10,000 shares on May 27.
Manappuram Finance: Promoter & Director Nandakumar VP bought 1.04 lakh shares on May 31.
Zydus Wellness: Promoter Group Zydus Family Trust bought 8,079 shares on May 31.
Geojit Financial Services: Promoter BNP Paribas SA sold 4.86 lakh shares between May 30 and May 31.
KEC International: Promoter Group Instant Holdings bought 3,714 and Promoter Group Summit Securities bought 5,103 shares May 30.
IRB Infrastructure Developers: Promoter & Director Virendra Mhaiskar bought 84,887 shares on May 31.
Shalby Hospitals: Promoter Vikram Indrajit Shah bought 10,000 shares on May 31.
Block Deals
NXT Digital: Hinduja Group bought 2.75 lakh (0.81%) shares at Rs 380 apiece. Hinduja Realty Ventures bought 8.25 lakh (2.45%) shares at Rs 380 apiece. Aasia Exports sold 11 lakh (3.36%) shares at Rs 380 apiece.
Bata India: Bata (BN) BV sold 36 lakh (2.8%) shares at Rs 1860 apiece. Mutual funds bought 11.2 lakh (0.87%) shares in total at Rs 1,860 apiece.
Bulk Deals
Ami Organics: Plutus Wealth Management LLP bought 525000 (1.44%) shares at Rs 880 apiece.
Trading Tweaks
Price Band Revised From 10% To 5%: Suryoday Small Finance Bank
Record Date Interim Dividend: IIFL Wealth Management
Record Date Buyback: Zydus Lifesciences
Ex-Date Interim Dividend: Page Industries
Ex-Date Final Dividend: Castrol India, Tata Investment Corporation
Ex-Date AGM/Dividend: Tata Investment Corporation, Tata Coffee
Record Date Income Distribution: Data Infrastructure Trust
Ex-Date Bonus Issue: Mishtann Foods
Moved Out Of Short-Term ASM Framework: Future Enterprises