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Stocks To Watch Today: Coal India, Hindustan Zinc, IDBI Bank, IndInfravit, Vedanta

Here are the stocks to watch in today's trade ..

<div class="paragraphs"><p>[Image: Austin Distel/Unsplash]</p></div>
[Image: Austin Distel/Unsplash]

US equity futures and Asian equities fell on Monday after US inflation print piled the pressure on the Federal Reserve to intensify monetary tightening.

Nasdaq 100 contracts lost more than 1%, while those for the S&P 500 fell. Asian futures hints at decline. The Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- fell more than 0.8% to 16,048 points as of 6:10 am.

The dollar was firm on haven demand while oil retreated below $120 a barrel. Elsewhere, Bitcoin slipped below $27,000.

Here are the stocks to watch in today's trade:

  • Coal India: The company floated two international competitive bidding e-tenders of 3 million tons each, to source coal from abroad. The bids are for 5,000 GAR (gross as received) quality of thermal grade coal. These two medium term tenders for a total of 6 million tons coal quantity have an option of increasing the bid quantity by 100% to 12 MTs.

  • Vedanta: The company iron and steel sector has ventured into International Iron ore mining operations in Liberia, West Africa through its subsidiary Western Cluster.

  • IndInfravit: Brookfield Asset Management Inc. agreed to sell its entire equity shareholding in five road projects to IndInfravit Trust at an enterprise value of $1.2 billion (Rs 9,371.4 crore). The portfolio comprises three toll roads and two annuity roads with nearly 2,400 lane-kilometres in Andhra Pradesh, Bihar, Maharashtra, and Uttar Pradesh, it said.

  • GlaxoSmithKline Pharmaceuticals: Recommended dividend of Rs 90 per share including special dividend of Rs. 60, on face value of Rs 10 each.

  • Jammu & Kashmir Bank: Appointed Pratik D Punjabi as the Chief Financial Officer.

  • Future Supply Chain Solutions: The company has been facing challenges on account of frequent disruption of business operations at a few of its warehouses due to non‐payment/ part payments to the labour and on‐roll manpower who are intermittently disrupting the business activities at various warehouse locations.

  • Aban Offshore: To sell rig driller to ADNOC Drilling Co. for Rs 218 crore.

  • Bajaj Auto: Rolls out first electric scooter from plant in Pune; Chetak Tech, vendor partners to invest Rs 750 crore in EV plant.

  • Berger Paints: Says 1 contractual employee dies in Howrah fire.

  • Hindustan Zinc: DIPAM secretary says that government plans to sell residual stake in tranches.

  • IDBI Bank: Expression of interest for IDBI sale may come by July.

  • Laurus Labs: To spend up to 10% profit on disruptive technologies.

Opinion
Yes Bank's New Board To Facilitate Equity Raise, Says Outgoing Chairman Sunil Mehta

Pledged Shares Details

  • Chambal Fertilisers & Chemicals: Promoter Zuari Global created a pledge of 7 lakh shares between June 6 and June 8.

  • Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 6 lakh shares between June 8 and June 9.

Insider Trades

  • Supreme Petrochem: Promoter Group Venktesh Investment and Trading Company bought 1,534 shares on June 8. Promoter Group Jovial Investment & Trading Company bought 5,180 shares between June 8 and June 9.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 1.7 lakh shares between June 6 and June 9.

  • Valiant Organics: Promoter Vicky Hemchand Gala sold 73,184 shares and bought 100 shares between June 7 and June 8.

Block Deals:

  • IIFL Finance Ltd.: Abakkus Growth Fund-2 bought 3.1 lakh (0.08%) shares at Rs.325 apiece. Avendus Absolute Return Fund bought 3.11 lakh (0.08%) shares at Rs.325 apiece. Employees Provident Fund bought 5 lakh (0.13%) shares at shares at Rs.325 apiece. Nomura India Investment Fund Mother Fund bought 44.74 lakh (1.17%) shares at Rs.325 apiece. L&T Mutual Fund bought 4.87 lakh (0.12%) shares at Rs.325 apiece. Max Life Insurance Company bought 24.6 lakh (0.64%) shares at Rs.325 apiece. Nomura Funds Ireland PLC - Nomura Funds Ireland India Equity Funds bought 6.5 lakh (0.17%) shares at Rs.325 apiece. CDC Group PLC sold 91.93 lakh (2.4%) shares at Rs.325 apiece.

Opinion
IndInfravit Trust Acquires Five Road Projects From Brookfield In A $1.2-Billion Deal

Trading Tweaks

  • Record Date Annual General Meeting/Dividend: Tata Communications

  • Record Date Dividend: CEAT

  • Ex-Date Annual General Meeting/Dividend/Special Dividend: Cera Sanitaryware

  • Ex-Date Annual General Meeting/Dividend: Rajratan Global Wire

  • Ex-Date Annual General Meeting: JSW Holdings

  • Move Out Of Short-Term ASM Framework: Timken India, PG Electroplast, RattanIndia Enterprises