Stocks To Watch 10/12/2021
Bajaj Electricals: To review its corporate structure to unlock growth and consider demergers, subsidiarization and strategic partnerships. Board has authorised management to consider housing power transmission and power distribution business verticals as a standalone legal entity.
Karnataka Bank: Conferred with two DigiDhan awards instituted by the government for achieving the target with highest percentage in BHIM UPI transactions.
HCL Technologies: Named Santhosh Jayaram as Global Head of Sustainability.
HFCL: Approved the allocation of 8.72 crore shares at a price of Rs 68.75 each via qualified institutional placement.
Marksans Pharma: U.K. MHRA has granted authorisation to the company’s wholly owned subsidiary Relonchem Ltd. for Loperamide 2mg hard capsules.
Gujarat Gas: CRISIL issued AA+/Positive long-term rating for its total bank loan facilities of Rs 2,350 crore.
Raymond: Wholly-owned subsidiary JK Files and Engineering files for Rs 800-crore IPO.
Dr. Reddy’s Labs: Launches Venlafaxine ER Tablets in the U.S.
Deepak Fertilisers and Chemicals: Subsidiary Smartchem Technologies Ltd. to invest Rs 2,200 crore in its global scale technical ammonium Nitrate Plant in Gopalpur, Odisha.
Bajaj Electricals: To review its corporate structure to unlock growth and consider demergers, subsidiarization and strategic partnerships. Board has authorised management to consider housing power transmission and power distribution business verticals as a standalone legal entity.
Karnataka Bank: Conferred with two DigiDhan awards instituted by the government for achieving the target with highest percentage in BHIM UPI transactions.
HCL Technologies: Named Santhosh Jayaram as Global Head of Sustainability.
HFCL: Approved the allocation of 8.72 crore shares at a price of Rs 68.75 each via qualified institutional placement.
Marksans Pharma: U.K. MHRA has granted authorisation to the company’s wholly owned subsidiary Relonchem Ltd. for Loperamide 2mg hard capsules.
Gujarat Gas: CRISIL issued AA+/Positive long-term rating for its total bank loan facilities of Rs 2,350 crore.
Raymond: Wholly-owned subsidiary JK Files and Engineering files for Rs 800-crore IPO.
Dr. Reddy’s Labs: Launches Venlafaxine ER Tablets in the U.S.
Deepak Fertilisers and Chemicals: Subsidiary Smartchem Technologies Ltd. to invest Rs 2,200 crore in its global scale technical ammonium Nitrate Plant in Gopalpur, Odisha.
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Stocks To Watch
Vedanta: Company approves an interim dividend of Rs 13.5 per share, amounting to Rs 5,019 crore. Record date for the purpose of payment of dividend is December 18. This is the second interim dividend approved by Vedanta for FY2021-22.
Tega Industries: Company's shares to list on bourses today.
Union Bank of India: Additional Tier-I Bonds (Basel III) of Rs 1500 crore assigned AA/Stable rating by CRISIL.
Minda Industries: To enhance two-wheeler alloy wheel capacity by another two million per annum at Supa, Maharashtra. Another subsidiary to also expand its 4W alloy wheel capacity by 30,000 wheels per month at Gujarat plant.
PowerGrid Corporation: To consider interim dividend on Dec. 15.
Greenlam Industries: To consider proposal of stock split.
Burger King India: Board to meet on Dec. 15 to consider and approve the proposal to raise funds by way of further issue of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or other permissible modes.
Alembic Pharmaceuticals: Announces Seed Round Investment in Rigimmune.
Aurobindo Pharma: Gilead sues Aurobindo to block copies of Letairis drug.
Cadila Healthcare: Gets tentative approval for Cariprazine capsules.
Godrej Properties: Acquires 100% in Yerwada Developers.
Wabco India: To change name to ZF Commercial Vehicle Control Systems India subsequent to related party transactions. Both transaction and name change are subject to shareholder approval.
Jubilant Industries: Temporarily closed down manufacturing activities at its plant located in Sahibabad, Uttar Pradesh, upon directions of Commission for Air Quality Management in NCR.
Dr Reddy’s Labs: Received approval from the U.S. Food and Drug Administration for ANDA 207577 (VeraRing).
The Phoenix Mills: Its subsidiary company Island Star Mall Developers and Canada Pension Plan Investment Board have executed a second further funding subscription agreement for the infusion of up to Rs 700 crore towards subscription of equity shares of ISML on rights basis for deployment towards construction and development of the ongoing projects of its subsidiaries in Pune, Bangalore and Madhya Pradesh.
SpiceJet: Boeing 737 Max event probed in India after mid-air emergency; SpiceJet aircraft headed to Kolkata turned back to Mumbai.
Vedanta: Company approves an interim dividend of Rs 13.5 per share, amounting to Rs 5,019 crore. Record date for the purpose of payment of dividend is December 18. This is the second interim dividend approved by Vedanta for FY2021-22.
Tega Industries: Company's shares to list on bourses today.
Union Bank of India: Additional Tier-I Bonds (Basel III) of Rs 1500 crore assigned AA/Stable rating by CRISIL.
Minda Industries: To enhance two-wheeler alloy wheel capacity by another two million per annum at Supa, Maharashtra. Another subsidiary to also expand its 4W alloy wheel capacity by 30,000 wheels per month at Gujarat plant.
PowerGrid Corporation: To consider interim dividend on Dec. 15.
Greenlam Industries: To consider proposal of stock split.
Burger King India: Board to meet on Dec. 15 to consider and approve the proposal to raise funds by way of further issue of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or other permissible modes.
Alembic Pharmaceuticals: Announces Seed Round Investment in Rigimmune.
Aurobindo Pharma: Gilead sues Aurobindo to block copies of Letairis drug.
Cadila Healthcare: Gets tentative approval for Cariprazine capsules.
Godrej Properties: Acquires 100% in Yerwada Developers.
Wabco India: To change name to ZF Commercial Vehicle Control Systems India subsequent to related party transactions. Both transaction and name change are subject to shareholder approval.
Jubilant Industries: Temporarily closed down manufacturing activities at its plant located in Sahibabad, Uttar Pradesh, upon directions of Commission for Air Quality Management in NCR.
Dr Reddy’s Labs: Received approval from the U.S. Food and Drug Administration for ANDA 207577 (VeraRing).
The Phoenix Mills: Its subsidiary company Island Star Mall Developers and Canada Pension Plan Investment Board have executed a second further funding subscription agreement for the infusion of up to Rs 700 crore towards subscription of equity shares of ISML on rights basis for deployment towards construction and development of the ongoing projects of its subsidiaries in Pune, Bangalore and Madhya Pradesh.
SpiceJet: Boeing 737 Max event probed in India after mid-air emergency; SpiceJet aircraft headed to Kolkata turned back to Mumbai.
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Stocks To Watch 14/12/2021
Ircon: Emerged as the lowest bidder for highway construction project in Punjab for Rs 1,107 crore. Completion period of the project is two years.
TVS Motor: Incorporates TVS Electric Mobility Ltd. as a wholly owned subsidiary to undertake the electric mobility business.
Wipro: Announced Wipro VisionEDGE, an omni channel advertising solution, to expand its sports, retail, transportation, and entertainment offerings.
Vedanta: Company and its group entities have settled retrospective tax with the Indian government following the amendments to the income tax law.
Piramal Enterprises: Approved the amalgamation of Shrilekha Business Consultancy Pvt. Ltd. (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Ltd.
Greenlam Industries: To invest Rs 950 crore over two to three years, towards setting up of a third laminate plant and foray into plywood and particle board business.
BPCL: Ties up with Bhabha Atomic Research Centre to scale-up alkaline electrolyser technology for green hydrogen production. Company added that it has plans to expand its portfolio of renewable energy with solar, wind and biofuels and turn carbon-neutral by 2040.
Stove Kraft: ICRA has reaffirmed both the long term and short term credit rating of the company and has revised the outlook to positive from stable.
Exxaro Tiles: Incorporates wholly owned subsidiary company in the name of Exxaro Ceramic Ltd.
ITC: To hold its first-ever institutional investors and financial analysts' day starting 10:30 a.m.
PB Fintech: Incorporated wholly owned subsidiary to carry on the business of an account aggregator, which must be licenced by the Reserve Bank of India (RBI). Also approved acquisition of 70.1% stake in MyLoanCare Ventures Pvt. Ltd.
Apollo Hospitals: About 7 lakh shares at Rs 5,050 apiece in a secondary placement are being offered by the seller, according to terms of the deal obtained by Bloomberg News. The floor price is at a 3% discount to the last close of Rs 5,206.7 apiece. The seller has no intention to sell for 60 days after the deal, according to the terms
Crisil: Approved the scheme of amalgamation for merger of its wholly owned subsidiaries, CRISIL Risk and Infrastructure Solutions and Pragmatix Services Pvt. Ltd. with the company.
Ircon: Emerged as the lowest bidder for highway construction project in Punjab for Rs 1,107 crore. Completion period of the project is two years.
TVS Motor: Incorporates TVS Electric Mobility Ltd. as a wholly owned subsidiary to undertake the electric mobility business.
Wipro: Announced Wipro VisionEDGE, an omni channel advertising solution, to expand its sports, retail, transportation, and entertainment offerings.
Vedanta: Company and its group entities have settled retrospective tax with the Indian government following the amendments to the income tax law.
Piramal Enterprises: Approved the amalgamation of Shrilekha Business Consultancy Pvt. Ltd. (subsidiary in which the Company holds 74.95% stake) into Shriram Capital Ltd.
Greenlam Industries: To invest Rs 950 crore over two to three years, towards setting up of a third laminate plant and foray into plywood and particle board business.
BPCL: Ties up with Bhabha Atomic Research Centre to scale-up alkaline electrolyser technology for green hydrogen production. Company added that it has plans to expand its portfolio of renewable energy with solar, wind and biofuels and turn carbon-neutral by 2040.
Stove Kraft: ICRA has reaffirmed both the long term and short term credit rating of the company and has revised the outlook to positive from stable.
Exxaro Tiles: Incorporates wholly owned subsidiary company in the name of Exxaro Ceramic Ltd.
ITC: To hold its first-ever institutional investors and financial analysts' day starting 10:30 a.m.
PB Fintech: Incorporated wholly owned subsidiary to carry on the business of an account aggregator, which must be licenced by the Reserve Bank of India (RBI). Also approved acquisition of 70.1% stake in MyLoanCare Ventures Pvt. Ltd.
Apollo Hospitals: About 7 lakh shares at Rs 5,050 apiece in a secondary placement are being offered by the seller, according to terms of the deal obtained by Bloomberg News. The floor price is at a 3% discount to the last close of Rs 5,206.7 apiece. The seller has no intention to sell for 60 days after the deal, according to the terms
Crisil: Approved the scheme of amalgamation for merger of its wholly owned subsidiaries, CRISIL Risk and Infrastructure Solutions and Pragmatix Services Pvt. Ltd. with the company.
Stocks To Watch👉 15/12/2021
HDFC: Acquires 50 lakh shares or 8.42% in Ansal Housing Ltd. through invocation of pledged shares to recover part outstanding dues against loans.
Aptus Value Housing Finance India: ICRA upgrades the company's credit rating to 'AA-' from 'A+' while reviewing the existing ratings.
DB Realty: Abandons preferential issue of convertible warrants after delay in process of obtaining valuation report, in the same time of which share price has risen across all real estate companies due to overall market conditions. Says it is exploring various options of raising funds.
HDFC Bank: Announces board meeting on Jan. 15 to consider Q3 results.
HDFC Mutual Fund: Approved incorporation of a wholly owned subsidiary in Gujarat International Finance Tec-City in the name of HDFC AMC International (IFSC) Ltd. which will act as an investment manager to schemes to be launched under alternative investment funds from time to time, international funds, provide other investment advisory services and offer separately managed account.
FSN E-Commerce Ventures: Launches 'ModiFace', L'Oreal's AI-powered technology. Nykaa Fashion launches NA-KD, one of Europe's fastest-growing fashion brands in India.
Deepak Nitrite: Company to meet on Dec. 22 to consider raising of funds by way of qualified institutions placement, private placement, public issue of equity/debt securities, preferential issue or through any other permissible mode.
Union Bank: Brickwork Ratings has withdrawn the unutilised rating of the Basel III Compliant Additional Tier-I bond and reaffirmed the ratings of outstanding Additional Tier-I and Tier-II bonds as ‘stable’.
Mold-Tek Packaging: Approved the opening of qualified institutional placement on Dec. 14 at a floor price of Rs 722.4 per share.
ITC: Concluded analyst meet. Company said capex would be around Rs 3,000 crore per annum for next three years, to develop new high margin opportunities in personal care portfolio, no demerger plan announced.
Dr Reddy's: Entered an agreement with Prestige BioPharma for supply and commercialisation of trastuzumab biosimilar in Latin America and Southeast Asia.
Zee Media Corp.: Passed resolutions related to alteration of memorandum of association, adoption of newly substituted Articles of Association, issue of up to 13.50 crore convertible warrants to the promoter and settlement with Diligent Media Corp.
GAIL: To hire new LNG vessel from Mitsui OSK Lines.
Burger King India: To consider proposal of fund raising plan.
Power Grid Corp. of India: Board to consider mid-year dividend.
HDFC: Acquires 50 lakh shares or 8.42% in Ansal Housing Ltd. through invocation of pledged shares to recover part outstanding dues against loans.
Aptus Value Housing Finance India: ICRA upgrades the company's credit rating to 'AA-' from 'A+' while reviewing the existing ratings.
DB Realty: Abandons preferential issue of convertible warrants after delay in process of obtaining valuation report, in the same time of which share price has risen across all real estate companies due to overall market conditions. Says it is exploring various options of raising funds.
HDFC Bank: Announces board meeting on Jan. 15 to consider Q3 results.
HDFC Mutual Fund: Approved incorporation of a wholly owned subsidiary in Gujarat International Finance Tec-City in the name of HDFC AMC International (IFSC) Ltd. which will act as an investment manager to schemes to be launched under alternative investment funds from time to time, international funds, provide other investment advisory services and offer separately managed account.
FSN E-Commerce Ventures: Launches 'ModiFace', L'Oreal's AI-powered technology. Nykaa Fashion launches NA-KD, one of Europe's fastest-growing fashion brands in India.
Deepak Nitrite: Company to meet on Dec. 22 to consider raising of funds by way of qualified institutions placement, private placement, public issue of equity/debt securities, preferential issue or through any other permissible mode.
Union Bank: Brickwork Ratings has withdrawn the unutilised rating of the Basel III Compliant Additional Tier-I bond and reaffirmed the ratings of outstanding Additional Tier-I and Tier-II bonds as ‘stable’.
Mold-Tek Packaging: Approved the opening of qualified institutional placement on Dec. 14 at a floor price of Rs 722.4 per share.
ITC: Concluded analyst meet. Company said capex would be around Rs 3,000 crore per annum for next three years, to develop new high margin opportunities in personal care portfolio, no demerger plan announced.
Dr Reddy's: Entered an agreement with Prestige BioPharma for supply and commercialisation of trastuzumab biosimilar in Latin America and Southeast Asia.
Zee Media Corp.: Passed resolutions related to alteration of memorandum of association, adoption of newly substituted Articles of Association, issue of up to 13.50 crore convertible warrants to the promoter and settlement with Diligent Media Corp.
GAIL: To hire new LNG vessel from Mitsui OSK Lines.
Burger King India: To consider proposal of fund raising plan.
Power Grid Corp. of India: Board to consider mid-year dividend.