Stocks To Watch Today: Britannia, Coal India, Embassy REIT, Harsha Engineers, Infibeam, Nestle India
Stocks to watch before going into trade today.
The dollar rallied, bond yields rose and Asian shares slid amid unrelenting pressure on risk-sensitive assets as fears of faster inflation and global recession continued to rise.
The pound led declines among major currencies on Monday, slumping to a record low as the UK Chancellor vowed to press on with the tax cuts that threaten to stoke inflation. The euro fell as investors weighed prospects of Italy under the most right-wing government since World War II.
Shares dropped in Japan and Australia while an index of global stocks plumbed new lows for the year. US and European stock futures fell. Hong Kong equities fluctuated.
At 7:25 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.9% lower at 17,176.5 points.
A dollar gauge rose to a record high. The yen slid, while remaining short of the point last week that drew intervention from Japanese authorities.
Stocks To Watch
Yes Bank: The bank amended its July 15 release that said that it had successfully exited the reconstruction plan initiated by RBI in March 2020. However, the amended release now states that the bank can only exit reconstruction scheme after RBI confirmation of the compliance certificate and the completion of the three-year lock-in period with respect to 75% of shares held by shareholders.
Britannia Industries: The company has named Rajneet Kohli as executive director and chief executive officer with effect from Sept. 26. It also named managing director Varun Berry as the executive vice-chairman.
Embassy Office Parks REIT: Shareholder Blackstone Inc. will sell 7.2% to 9.6% stake in the company for $400 million, Reuters reported. Abu Dhabi’s sovereign wealth fund is likely to pick up at least half of the stake that Blackstone is to sell, the report added.
RailTel Corporation: The company appointed Sanjai Kumar as Chairman and Managing Director with effect from Sept. 23.
Infibeam Avenues: The company consolidates its Australia, U.S. and Saudi Arabia arm and transferred to company’s UAE‐based wholly owned subsidiary, Vavian International. The company plans to increase its global play in the digital payments space by going aggressively with its flagship brand CCAvenue.
Sagar Cements: The company has appointed K.V.Vishnu Raju as Chairman with effect from Sept. 24.
Unichem Laboratories: The company sells 20% stake in Optimus Drugs Ltd. to Sekhmet Pharmaventures Ltd. for Rs 270.98 crore.
Coal India: The company will sign memorandum of understanding with Bharat Heavy Electricals, Indian Oil Corporation and GAIL (India) for setting up four Surface Coal Gasification projects.
Glenmark: The company along with Bausch Health announced that nasal spray RYALTRIS has been approved by Health Canada for the symptomatic treatment of moderate to severe seasonal allergic rhinitis.
Nestle India: To invest Rs 5,000 crore in India by 2025.
Axis Bank: Chief Executive Officer Amitabh Chaudhry to hold press conference for a strategic business announcement.
Tata Motors: Girish Wagh, executive director, to hold webcast on 'Future of Pickups'.
Pledge Share Details
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals revoked a pledge of 1.5 lakh shares on Sept. 21.
Inox Wind: Promoter Inox Wind Energy revoked a pledge of 14.62 lakh shares on Sept. 19.
Coffee Day Enterprises: Promoter Groups Devadarshini Info Technologies invoked a pledge of 16.6 lakh shares, Coffee Day Consolidations invoked a pledge of 2 lakh shares and Promoter V.G.Siddhartha invoked a pledge of 11.53 lakh shares on Sept. 19.
Harsha Engineers to debut on the bourses today. The issue was subscribed 74.65 times.
Dolat Algotech: Promoter Harendra Dolatrai Shah, Rajendra Dolatrai Shah, Pankaj Dolatrai Shah And Shailesh Dolatrai Shah (Trustees Of Dolat Group Master Trust) bought 10,000 shares on Sept. 23.
Ultramarine & Pigments: Promoter Group Deepa Ajay sold 5,315 shares and Promoter Daya Sridhar sold 5,308 shares on Sept. 22.
Cosmo First: Promoter & Director Ashok Jaipuria bought 4,000 shares on Sept. 23.
Greenply Industries: Promoter Group Showan Investment bought 14,500 shares on Sept. 21.
Zydus Wellness: Promoter Group Zydus Family Trust bought 22,662 shares on Sept. 22.
Vaibhav Global: Promoter Brett Enterprises bought 4,000 shares on Sept. 22.
Gati: Promoter Group Jubilee Commercial and Trading sold 15,000 shares on Sept. 20.
Triveni Engineering & Industries: Promoter Dhruv M Sawhney sold 4.24 lakh shares on Sept. 20.
Gallantt Ispat: Promoter & Director Chandra Prakash Agrawal sold 4,928 shares on Sept. 21.
IRB Infrastructure Developers: Promoter Group Aryan Mhaiskar bought 5,000 shares on Sept. 22.
Triveni Turbine: Promoter Triveni Engineering & Industries sold 3.82 crore shares on Sept. 21.
Adani Green Energy: Promoter Group Spitze Trade And Investment bought 6 lakh shares on Sept. 21.
RPSG Ventures: Promoter Group Lebnitze Real Estates bought 30,000 shares between Sept. 21 and Sept. 22.
PI Industries: Ghisallo Master Fund bought 37,500 shares (0.02%), Morgan Stanley Asia Singapore bought 1 lakh shares (0.2%), Tara Emerging Asia Liquid Fund bought 1.25 lakh shares (0.08%), Mirae Asset Mutual Fund 1.5 lakh shares (0.1%), ICICI Prudential Life Insurance Company bought 1.5 lakh shares (0.1%), Sundaram Mutual Fund bought 2 lakh shares (0.13%), BNP Paribas Arbitrage bought 37,500 shares (0.02%), Mayank Singhal sold 10 lakh shares (0.66%) at Rs 3,150 each.
Who’s Meeting Whom
Union Bank of India: To meet investors and analysts on Sept. 26.
Aether Industries: To meet investors and analysts on Sept. 26.
Meghmani Finechem: To meet investors and analysts on Sept. 24.
Punjab National Bank: To meet investors and analysts on Sept. 26.
Blue Dart Express: To meet investors and analysts on Sept. 28.
Brand Concepts: To meet investors and analysts on Sept. 24.
Sundram Fasteners: To meet investors and analysts on Sept. 26.
Bajaj Hindusthan Sugar
Capri Global Capital
Dish TV India
General Insurance Corp.
Indiabulls Housing Finance
Record-Date Bonus: Ruby Mills
Record-Date Face Value Split: Saksoft
Move Out Of Short-Term ASM Framework: Valiant Organics, Allcargo Logistics, D.B.Corp, Jayaswal Neco Industries, Monarch Networth Capital, D B Realty