A man stands in front of an electronic ticker board showing stock information figures outside the Bombay Stock Exchange (BSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Live: Nifty Set To Open Higher; Grasim, JSW Steel In Focus
Trading Tweaks: UFO Moviez
- UFO Moviez to move into short term ASM Framework.
Pledge Share Details: Aurobindo Pharma, Max Financial Services, Future Lifestyle Fashions
- Max Financial Services promoter group Max Ventures Investment Holdings created pledge of 60,000 shares on May 20.
- Future Lifestyle Fashions promoter Ryka Commercial Ventures created pledge of 21.5 lakh shares on May 22.
- Chambal Fertiliser & Chemicals promoter Zuari Global created pledge of 2.5 crore shares on May 21.
- Aurobindo Pharma promoter group M Sumanth Kumar Reddy created pledge of 2.5 lakh shares on May 20.
- Wockhardt promoter Themisto Trustee created pledge of 1.5 lakh shares on May 20.
(As reported on May 23)
Q4 Corner: Earnings To Watch
Earnings To Watch
- Grasim Industries
- JSW Steel
Other Earnings To Watch
- REC
- Page Industries
- Coffee Day Enterprises
- Dish TV India
- Dixon Technologies (India)
- Indraprastha Gas
- Advanced Enzyme Technologies
- Amber Enterprises
- Ashok Leyland
- AstraZeneca Pharma
- Bata India
- Birlasoft
- Butterfly Gandhimathi Appliances
- Varroc Engineering
- Camlin Fine Sciences
- Excel Industries
- FDC
- GIC Housing Finance
- Goodricke Group
- GVK Power & Infrastructure
- HeidelbergCement India
- Housing & Urban Development Corporation
- IDFC
- Jai Corp
- Jindal Stainless (Hisar)
- Liberty Shoes
- Mawana Sugars
- Meghmani Organics
- Nagarjuna Fertilizers and Chemicals
- Nagarjuna Oil Refinery
- NCC
- OnMobile Global
- Panama Petrochem
- PNC Infratech
- Ponni Sugars (Erode)
- Punjab & Sind Bank
- Transport Corporation of India
- TCI Developers
- Unichem Laboratories
- Zuari Global
- Sudarshan Chemical Industries
- Responsive Industries
- Nesco
- Empire Industries
- Fortis Healthcare
- Narayana Hrudayalaya
- Welspun India
- Whirlpool
Stocks To Watch: Adani Enterprises, Reliancee Nippon, Radico Khaitan, Ruchi Soya
- Adani Enterprises: Decisions on whether to approve two outstanding management plans for Adani’s proposed Carmichael coal mine are due by June 13, ABC News reports citing comments from Queensland Premier Annastacia Palaszczuk.
- Reliance Nippon Life Asset Management’s promoter Reliance Capital plans to cumulatively sell 8.66 percent stake in the company aggregating to Rs 1,155 crore. The promoter will sell up to 5.3 crore shares at a floor price of Rs 218 apiece—a discount of about 7.6 percent to current market price—through an offer-for-sale, according to an exchange filing.
- Ruchi Soya Industries: CARE Rating downgraded long-term bank facility worth Rs 9,915.2 crore as ‘CARE D’. The reason behind this downgrade is that the issuer has not been co-operating. The company is under provisions of IBC by order of NCLT with effect from December 2017.
- Zuari Agro Chemicals: ICRA downgraded both short term and long term funds worth Rs 4,215 crore to ‘D’. Rating Agency said the downgrade is on account of the company's cash credit account remaining over utilised for more than 30 days owing to devolvement of a series of Letters of credit beginning April and continuing in May, and liquidity position of the company deteriorated materially due to significant cash losses and delay in subsidy receipts from government of India during April-May.
- Radico Khaitan: Pollution Control Board revoked the closure directions on the company’s Uttar Pradesh plant. The directions for closure were received on Feb. 21 on environmental issues concerning liquid discharge. The company also stated in their press release that the Pollution Control Board has directed the company to restrict its capacity of molasses plant for country liquor from 200 KLD to 77 KL until June 30 and an additional environmental compensation of Rs 1.18 crore. These moves will not impact IMFL manufacturing operations and for country liquor manufacturing, the impact will be minimal, it said.
- Cipla signed an agreement to acquire 26 percent stake in AMP Solar Power Systems for Rs 12.9 crore. The commercial operation of the target company will start from May 2020.
- Omax Autos entered into an asset purchase agreement with Hema Engineering Industries.
- Zensar Technologies partnered with South African based insurance company Sanam to provide digital solutions.
- Greaves Cotton modified its share buyback plan. The board approved to buyback 5.32 percent of share capital at Rs 175 per share aggregating to Rs 227.5 crore.
- MOIL inked an MoU with Ministry of Steel for financial year 2020. Production target of 14.75 lakh tons of manganese ore and capex target of Rs 210 crore set.
Commodity Cues: Brent Crude Falls Below $70 Per Barrel
- Brent crude rose 0.37 percent to $68.19 per barrel.
- West Texas Intermediate crude added 0.6 percent to $58.26 a barrel.
- Gold gained less than 0.1 percent to $1,283.83 an ounce.
London Metal Exchange
- Copper fell for the fifth consecutive trading session.
- Aluminium halted a four-day fall, closed 1 percent higher.
- Nickel ended lower for the second day, down 0.72 percent.
- Lead ended 0.44 percent higher.
- Tin ended flat.
- Zinc ended lower for the second day, down 0.87 percent.