Stocks To Watch 16/12/2021
Wipro: Introduced regulatory literature monitoring for pharmaceutical organizations by entering a managed services engagement with Springer Nature. Also, signed an agreement to acquire LeanSwift Solutions, a Florida, US headquartered system integrator of Infor Products.
Cipla: Entered agreement to acquire up to 33% partnership interest in Clean Max Auriga Power LLP to enhance the share of renewable power source in its operation and to comply with regulatory requirements for being a ‘captive user’ under electricity laws.
Sun Pharma: One of its wholly owned subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic Amphotericin B Liposome injection.
Reliance Industries: CCI approves acquisition of 40% shareholding in Sterling and Wilson Renewable Energy Ltd. by Reliance New Energy Solar Ltd.
Jubilant Industries: Company’s wholly owned material subsidiary, Jubilant Agri and Consumer Products Ltd. has restarted manufacturing operations at its Sahibabad plant in compliance with orders issued by the CAQM.
ICICI Bank: RBI levied penalty of Rs 30 lakh for non-compliance with norms on levying fees against non-maintenance of minimum balance in savings accounts.
Punjab National Bank: RBI levied penalty of Rs 1.8 crore on the basis of supervisory evaluation of the bank's financial position as on March 31, 2019.
Arvind Fashions: CARE A- (negative outlook)/CARE A2+ rating reaffirmed for its long term and short-term bank facilities, respectively.
PowerGrid Corp.: Approved the payment of interim dividend of Rs 7 per share, to be paid on Jan. 11.
Adani Transmission: Signed share purchase agreement with Adani Ports and Special Economic Zone for acquisition of MPSEZ Utilities Limited for Rs 116.27 crores based on independent valuers’ report.
Future Enterprises: Commercial papers of the company converted into Working Capital Term Loan since it opted for one-time restructuring. Therefore, rating of commercial papers moved to ‘IVR D’ (Issuer not cooperating category).
Indiabulls Housing Finance: Blackstone, ADIA said to near 11% stake purchase from founder Sameer Gehlaut. The deal could be valued at Rs 1,400 crore, according to Bloomberg.
Indiabulls Real Estate: Company has allotted NCDs aggregating Rs. 75 crore.
Infosys: Board of directors to meet on Jan. 11 and 12 to consider Q3 results.
Zee Media: The company’s settlement agreement with Diligent Media Corp. was rejected by the latter’s shareholders.
Adani Ports: Adani Ports Technologies Pvt, wholly owned subsidiary, in joint venture with Empezar Software Labs Pvt. has incorporated a subsidiary company named EZR Technologies Pvt with share participation in the ratio of 51:49.
Sapphire Foods: Lock-in period for anchor investors after IPO opens up on Dec. 16.
TVS Motor: Expands partnership with BMW Motorrad for EVs.
Tata Consultancy Services: Upgraded to A by Fitch, Outlook Stable.
Ashok Leyland: Partners Combat Vehicles to develop 600hp engine.
Wipro: Introduced regulatory literature monitoring for pharmaceutical organizations by entering a managed services engagement with Springer Nature. Also, signed an agreement to acquire LeanSwift Solutions, a Florida, US headquartered system integrator of Infor Products.
Cipla: Entered agreement to acquire up to 33% partnership interest in Clean Max Auriga Power LLP to enhance the share of renewable power source in its operation and to comply with regulatory requirements for being a ‘captive user’ under electricity laws.
Sun Pharma: One of its wholly owned subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic Amphotericin B Liposome injection.
Reliance Industries: CCI approves acquisition of 40% shareholding in Sterling and Wilson Renewable Energy Ltd. by Reliance New Energy Solar Ltd.
Jubilant Industries: Company’s wholly owned material subsidiary, Jubilant Agri and Consumer Products Ltd. has restarted manufacturing operations at its Sahibabad plant in compliance with orders issued by the CAQM.
ICICI Bank: RBI levied penalty of Rs 30 lakh for non-compliance with norms on levying fees against non-maintenance of minimum balance in savings accounts.
Punjab National Bank: RBI levied penalty of Rs 1.8 crore on the basis of supervisory evaluation of the bank's financial position as on March 31, 2019.
Arvind Fashions: CARE A- (negative outlook)/CARE A2+ rating reaffirmed for its long term and short-term bank facilities, respectively.
PowerGrid Corp.: Approved the payment of interim dividend of Rs 7 per share, to be paid on Jan. 11.
Adani Transmission: Signed share purchase agreement with Adani Ports and Special Economic Zone for acquisition of MPSEZ Utilities Limited for Rs 116.27 crores based on independent valuers’ report.
Future Enterprises: Commercial papers of the company converted into Working Capital Term Loan since it opted for one-time restructuring. Therefore, rating of commercial papers moved to ‘IVR D’ (Issuer not cooperating category).
Indiabulls Housing Finance: Blackstone, ADIA said to near 11% stake purchase from founder Sameer Gehlaut. The deal could be valued at Rs 1,400 crore, according to Bloomberg.
Indiabulls Real Estate: Company has allotted NCDs aggregating Rs. 75 crore.
Infosys: Board of directors to meet on Jan. 11 and 12 to consider Q3 results.
Zee Media: The company’s settlement agreement with Diligent Media Corp. was rejected by the latter’s shareholders.
Adani Ports: Adani Ports Technologies Pvt, wholly owned subsidiary, in joint venture with Empezar Software Labs Pvt. has incorporated a subsidiary company named EZR Technologies Pvt with share participation in the ratio of 51:49.
Sapphire Foods: Lock-in period for anchor investors after IPO opens up on Dec. 16.
TVS Motor: Expands partnership with BMW Motorrad for EVs.
Tata Consultancy Services: Upgraded to A by Fitch, Outlook Stable.
Ashok Leyland: Partners Combat Vehicles to develop 600hp engine.
IT companies
Sugar stocks
Yes Bank
Greeniam
Nykaa
Tata steel
Bharti airtel
Burger King
CG power
Persistent system
Sugar stocks
Yes Bank
Greeniam
Nykaa
Tata steel
Bharti airtel
Burger King
CG power
Persistent system
Stocks To Watch👉
Vakrangee: Vakrangee Digital Ventures Ltd., a subsidiary of the company ties up with Upstox to offer online trading account opening services.
Mystic Electronics: To consider stock split of the equity shares of face value of Rs 10 on Jan. 4.
GAIL, Gujarat Alkalies and Chemicals: Companies entered MoU for setting up 500 kilolitres per day bio ethanol plant in Gujarat and exploring other business opportunities of mutual interest.
CEAT: CARE Ratings reaffirmed AA, A1+ and A1+ ratings to long-term banking facilities, short-term banking facilities and commercial papers, respectively.
Hero MotoCorp: Launches Retail Finance Carnival, offers zero down payment, zero rate of interest and zero processing fee to customers.
IRCON International: Entered into share subscription agreement with Ayana Renewable Power Private Limited to set up 500 MW solar power plant through joint venture.
Safari Industries: Purchases land in Gujarat for setting up luggage manufacturing unit.
IRB Infrastructure: Selected as contractor expressway construction in Uttar Pradesh. Contract is for Rs 6,555 crore. Total order book now stands at Rs. 19,210 crore including construction order book of Rs 12,677 crore, providing revenue visibility for the next three years.
RBL Bank: Authorised to collect direct and indirect taxes.
UltraTech Cement: Commenced operations from its bulk terminal at Kalamboli, Navi Mumbai. This is the 7th bulk terminal of the company.
Kotak Mahindra Bank: To acquire 7.5% stake in Entroq Technologies Pvt. Ltd. for Rs 3 crore.
Brookfield REIT: To acquire Seaview Developers for Rs 3,966.3 crore. Will get 4.5 million sq. ft. of office space in Noida.
Future Retail, Reliance Industries: Competition Commission of India imposes a Rs 200 crore penalty on Amazon for failing to identify and notify strategic interest over Future Retail. Deal between Amazon and Future Retail revoked.
Indiabulls Real Estate: Board to meet on Dec. 22 to discuss raising funds.
NTPC: NTPC-Sail Power Co. to give Rs 100 crore interim dividend.
Vakrangee: Vakrangee Digital Ventures Ltd., a subsidiary of the company ties up with Upstox to offer online trading account opening services.
Mystic Electronics: To consider stock split of the equity shares of face value of Rs 10 on Jan. 4.
GAIL, Gujarat Alkalies and Chemicals: Companies entered MoU for setting up 500 kilolitres per day bio ethanol plant in Gujarat and exploring other business opportunities of mutual interest.
CEAT: CARE Ratings reaffirmed AA, A1+ and A1+ ratings to long-term banking facilities, short-term banking facilities and commercial papers, respectively.
Hero MotoCorp: Launches Retail Finance Carnival, offers zero down payment, zero rate of interest and zero processing fee to customers.
IRCON International: Entered into share subscription agreement with Ayana Renewable Power Private Limited to set up 500 MW solar power plant through joint venture.
Safari Industries: Purchases land in Gujarat for setting up luggage manufacturing unit.
IRB Infrastructure: Selected as contractor expressway construction in Uttar Pradesh. Contract is for Rs 6,555 crore. Total order book now stands at Rs. 19,210 crore including construction order book of Rs 12,677 crore, providing revenue visibility for the next three years.
RBL Bank: Authorised to collect direct and indirect taxes.
UltraTech Cement: Commenced operations from its bulk terminal at Kalamboli, Navi Mumbai. This is the 7th bulk terminal of the company.
Kotak Mahindra Bank: To acquire 7.5% stake in Entroq Technologies Pvt. Ltd. for Rs 3 crore.
Brookfield REIT: To acquire Seaview Developers for Rs 3,966.3 crore. Will get 4.5 million sq. ft. of office space in Noida.
Future Retail, Reliance Industries: Competition Commission of India imposes a Rs 200 crore penalty on Amazon for failing to identify and notify strategic interest over Future Retail. Deal between Amazon and Future Retail revoked.
Indiabulls Real Estate: Board to meet on Dec. 22 to discuss raising funds.
NTPC: NTPC-Sail Power Co. to give Rs 100 crore interim dividend.
The #Nifty Sensex fell as much as 975 points and Nifty50 index dropped below its important psychological level of 16,700
TVS MOTOR: CO PARTNERS WITH WHAT3WORDS TO OFFER A SEAMLESS NAVIGATION EXPERIENCE TO ITS CUSTOMERS
Investors poorer by over ₹11.23 lakh crore in two days of heavy market selloff
Investors poorer by over ₹11.23 lakh crore in two days of heavy market selloff