Stocks in the news: Sun Pharma\, Tata Motors\, Lupin\, L&T Finance and Wipro
NEW DELHI: Nifty futures on the Singapore Exchange were trading 44 points, or 0.40 per cent, lower at 11,043.50, indicating a negative start for the Nifty50. Here are a few stocks, which may buzz the most in today’s trade:
Sun Pharma: A whistleblower has alleged that Sun Pharma used its subsidiary Aditya Medisales to give gifts — including personalised websites and online promotion — to doctors in violation of pharma industry guidelines.
Tata Motors: The auto major said its struggling British arm Jaguar Land Rover has posted a 4.1 per cent decline in its global sales to 38,288 units in February.
L&T Finance: The company announced early closure of its NCD issue, following a 4.5 times oversubscription, raising a little over Rs 2,228 crore.
Wipro: According to Bloomberg Quint, Azim Premji may sell up to 0.44 per cent stake in the IT firm, owned through his philanthropic trust.
Lupin: The drug maker received nod from the USFDA to market its generic Atorvastatin Calcium tablets, used for lowering cholesterol, in the US market.
Gitanjali Gems: An appellate tribunal stayed an order allowing the Enforcement Directorate (ED) to attach the assets of fugitive jeweller Mehul Choksi’s Gitanjali Gems after lender ICICI Bank argued that this was preventing the bankruptcy process from going ahead.
Reliance Industries: The company has leased 4,000 acres of land from Navi Mumbai SEZ (NMSEZ) for an initial payment of Rs 2,180 crore to develop a global economic hub.
Jet Airways: The airline is operating about 70 planes as of now and the rest of them are grounded due to various reasons, including routine maintenance checks,
Bharti Airtel: Singapore’s GIC Pvt Ltd will invest Rs 5,000 crore to buy around 4 per cent stake in Bharti Airtel by subscribing to the telco’s Rs 25,000-cr rights issue. That’s by way of a partial renunciation of shares in favour of GIC by promoter group Bharti Telecom.
United Breweries Holdings: British spirits maker Diageo, the majority owner of United Spirits, has sought first access to and restoration of attached shares of Vijay Mallya in United Breweries Holdings and Watson to recover dues from its former joint venture partner.
ICRA, CRISIL: In a meeting with top credit rating officials, RBI governor Shaktikanta Das and the deputy governors voiced concern over rating agencies’ inability to assess risk and take timely action, as in the case of IL&FS.
Marksans Pharma: The drug firm said it has received eight observations from the US health regulator after the inspection of its Goa facility.
Suprajit Engineering: Markets regulator Sebi has exempted a private family trust related to the promoter group of Suprajit Engineering from the obligation of making an open offer following its proposed acquisition of 38 per cent stake in the firm.
Jindal Stainless: Odisha government has approved a proposal of Jindal Stainless for setting up a private industrial estate near Kalinga Nagar in Jajpur district.
ONGC: State-owned ONGC signed a contract for the prolific Chinnewala Tibba gas field in Rajasthan, which it had discovered around 15 years ago but was taken away and auctioned by the government.
FMCG, pharma cos: In a huge relief for FMCG, food, retail chains and pharma companies, the government has clarified that promotional schemes such as buy one get one free (BOGO) and additional quantity for same price will be eligible for input tax credit.
Reliance Capital: The company plans to reduce debt by monetising stake in mutual fund, general insurance and media assets. The company expects to raise Rs 5,000 crore by selling stake in the mutual fund company.
Board meetings Analyst calls
• Deutsche Bank has a buy rating on ICICI Prudential Life Insurance Company with a target price of Rs 440. The growth momentum for ICICI Prudential is turning around and its attempts to diversify its product and channel mix should enable it to post more steady growth, the bank said.
• HSBC has maintained hold rating on InterGlobe Aviation with a target price of Rs 1,050. While demand remains highly price sensitive, successful network restructuring will be key to yield and profitability, said HSBC.
• CLSA has maintained buy rating on Infosys with a target price of Rs 930 following a meeting with the company’s COO UB Pravin Rao. Infosys is enjoying a better-than-expected demand environment where it is gaining share, driving growth improvement, said CLSA.
Insider Buys:
Ajmera Realty & Infra India Limited: Ariil Trust has bought 985,053 shares through Market Purchase on Mar 1, 2019.
Astec LifeSciences Limited: Godrej Agrovet Limited has bought 25,889 shares through Market Purchase on Feb 27, 2019.
Astra Microwave Products Limited: P.A. Chitrakar has bought 26,200 shares through Market Purchase on Mar 5, 2019.
Crest Ventures Limited: Priyanka Finance Pvt. Limited has bought 30,095 shares through Market Purchase on Mar 1, 2019.
Deepak Nitrite Limited: Storewell Credits And Capital Private Ltd has bought 47,000 shares through Market Purchase on Mar 1, 2019.
Eros International Media Limited: Eros Worldwide Fz Llc has bought 100,000 shares through Market Purchase on Mar 6, 2019.
Indusind Bank Limited: Kamal Batra has bought 48,900 shares through Off Market on Feb 28, 2019.
JBF Industries Limited: Chinar Arya Mittal has bought 286,256 shares through Market Purchase from Feb 22, 2019 to Mar 5, 2019.
S H Kelkar and Company Limited: S H Kelkar Employee Benefit Trust has bought 75,000 shares through Market Purchase on Mar 6, 2019.
Insider Sells:
Ambuja Cements Limited: B.Ltaparia has sold 100,000 shares through Market Sale on Mar 5, 2019.
DCB Bank Limited: Mr. R. Venkattesh has sold 50,000 shares through Market Sale on Mar 5, 2019.
DCB Bank Limited: Mr. Bharat Laxmidas Sampat has sold 50,000 shares through Market Sale on Mar 5, 2019.
Dish TV India Limited: Direct Media Distribution Ventures Pvt Ltd has sold 10,195,000 shares through Market Sale on Feb 14, 2019.
Dish TV India Limited: Veena Investments Private Limited has sold 475,000 shares through Market Sale on Feb 14, 2019.
EID Parry India Limited: Lalitha Vellayan has sold 15,000 shares through Market Sale on Mar 1, 2019.
Future Consumer Limited: Girish Matta has sold 60,221 shares through Market Sale from Jul 20, 2018 to Aug 8, 2018.
ICICI Lombard General Insurance Company Limited: Alok Agarwal has sold 25,000 shares through Market Sale on Mar 6, 2019.
Indusind Bank Limited: Kamal Batra has sold 48,900 shares through Off Market on Feb 28, 2019.
ITC Limited: B. Sumant has sold 20,000 shares through Market Sale on Mar 5, 2019.
ITC Limited: H.N. Rama Prasad has sold 54,760 shares through Market Sale on Mar 5, 2019.
ITC Limited: K.S Suresh has sold 30,000 shares through Market Sale on Mar 5, 2019.
ITC Limited: Pradeep Kumar Dixit has sold 27,000 shares through Market Sale on Mar 5, 2019.
ITC Limited: Siddhartha Ghosh has sold 23,766 shares through Market Sale on Mar 5, 2019.
ITC Limited: Sumitro Guha has sold 25,000 shares through Market Sale on Mar 5, 2019.
RBL Bank Limited: Rudhir Sareen has sold 15,050 shares through Market Sale on Mar 6, 2019.
RBL Bank Limited: Utkarsh Saxena has sold 19,330 shares through Market Sale on Mar 1, 2019.
Relaxo Footwears Limited: Mukand Lal Dua has sold 2,440,000 shares through Market Sale from Mar 5, 2019 to Mar 6, 2019.
Relaxo Footwears Limited: Ramesh Kumar Dua has sold 2,440,000 shares through Market Sale from Mar 5, 2019 to Mar 6, 2019.
Thomas Cook (India) Limited: Madhavan Menon has sold 50,000 shares through Market Sale on Mar 5, 2019.
Wonderla Holidays Limited: Sheela Grace Kochouseph has sold 400,000 shares through Market Sale on Mar 6, 2019.
Yes Bank Limited: Lata Dave has sold 30,000 shares through Market Sale on Mar 1, 2019.
Zee Media Corporation Limited: 25Fps Media Private Limited has sold 9,472,000 shares through Market Sale from Feb 13, 2019 to Feb 14, 2019.
Zee Media Corporation Limited: Arm Infra & Utilities Private Limited has sold 5,997,177 shares through Market Sale from Feb 14, 2019 to Mar 1, 2019.
Bulk and Block Deals :
Blg Tickers
Date
Company Name
Acquirer/Seller
Buy /Sell
Qty Traded
Price
BCPC
07-Mar-19
B.C. Power Controls Limited
Bipin Shantilal Shah
Buy
296,600
40.57
BCPC
07-Mar-19
B.C. Power Controls Limited
Deepen Bharat Shah
Sell
316,000
40.19
DGL
07-Mar-19
Diksha Greens Limited
Poddarmadhushreepoddar
Buy
104,000
68.30
DGL
07-Mar-19
Diksha Greens Limited
Ashok Kumar Poddar
Buy
96,000
68.30
DGL
07-Mar-19
Diksha Greens Limited
Maanor Investments Private Limited .
Sell
184,000
68.30
GSSI
07-Mar-19
GSS Infotech Limited
Margi Jigneshbhai Shah
Buy
203,918
126.68
GSSI
07-Mar-19
GSS Infotech Limited
Vicky Rajesh Jhaveri
Sell
91,077
126.75
GUJGA
07-Mar-19
Gujarat Gas Limited
Utilico Emerging Markets Trust Plc
Buy
3,705,000
130.25
GUJGA
07-Mar-19
Gujarat Gas Limited
Utilico Emerging Markets (mauritius)
Sell
3,705,000
130.25
INDIGRID
07-Mar-19
India Grid Trust
Utilico Emerging Markets Trust Plc
Buy
1,602,342
83.98
INDIGRID
07-Mar-19
India Grid Trust
Utilico Emerging Markets (mauritius)
Sell
1,602,342
83.98
ICV
07-Mar-19
International Conveyors Ltd
Lkp Finance Limited
Buy
399,900
30.00
ICV
07-Mar-19
International Conveyors Ltd
Eriska Investment Fund Ltd
Sell
397,000
30.00
JDI
07-Mar-19
Jaysynth Dyestuff (India) Ltd
Jaysynth Impex Limited
Buy
230,000
60.00
JDI
07-Mar-19
Jaysynth Dyestuff (India) Ltd
Meena Mahendra Kothari
Sell
115,594
60.00
JDI
07-Mar-19
Jaysynth Dyestuff (India) Ltd
Nalini Rajesh Kothari
Sell
115,466
60.00
MANL
07-Mar-19
Manaksia Ltd
Vajra Machineries Private Limited
Buy
343,024
36.70
MGC
07-Mar-19
Mangalam Cement Ltd
Manav Investment And Trading Company Ltd
Buy
500,000
250.00
MGC
07-Mar-19
Mangalam Cement Ltd
Euston Industries Limited
Sell
500,000
250.00
NIIT
07-Mar-19
NIIT Ltd
Canara Robeco Mutual Fund A/c Canara Robeco Income Saer Fun
