NEW DELHI: Nifty futures on the Singapore Exchange were trading 15 points, or 0.13 per cent, higher at 11,353.50, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:
MCX, Hindustan Zinc and IDBI Bank: Arvind, Birlasoft, Engineers India, Hindustan Zinc, IDBI Bank, Kajaria Ceramics, Multi Commodity Exchange of India, Oracle Financial Services Software, and Raymond are among nine stocks which will be excluded from NSE’s F&O segment with effect from September 27.
YES Bank: Rana Kapoor pledged 10 crore YES Bank shares, according to BSE filing.
Hindustan Unilever: HUL may clock 9-10 per cent growth in June quarter profit despite a slight moderation in volumes, thanks to price hikes across categories. The largest consumer goods company will announce its results on Tuesday.
Larsen & Toubro: Engineering and construction major
Larsen and
Toubro (L&T) is expected to report more than 30 per cent year-on-year (YoY) rise in net profit for the quarter ended June 30.
Zee Entertainment Enterprises: Analysts expect ZEEL to post net profit growth of around 12.2 per cent -17.6 per cent on Tuesday, on the back of modest growth in ad revenues for the broadcaster, and investors will focus on promoter stake sale, and cash generation in the company.
NIIT Tech, IOB and HDFC Life: NIIT Technologies, HDFC Life Insurance, IOB, Torrent Pharma, SBI Life Insurance, M&M Financial Services, Kajaria Ceramics and Crisil are among a few firms scheduled to announce June quarter results on Tuesday.
Kotak Mahindra Bank: The bank reported a 33 per cent increase in net profit in the June quarter, paced by healthy loan growth and treasury gains that boosted other income. It predicted 20% growth in consumer loans despite mounting concerns over the rate of broader economic expansion.
Bosch: The Indian arm of German components manufacturer Bosch has announced five days of production cut at its plant in Tamil Nadu to adjust for shrinking demand amid an ongoing slowdown in the automotive industry.
DHFL: The HFC's auditors have raised several red flags around the company's numbers, raising fresh concerns about the future of the troubled lender. "We were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the statement,” Deloitte Haskin & Sells and Mumbai-based Chaturvedi & Shah said.
63 moons technologies: The National Company Law Appellate Tribunal (NCLAT) has permitted 63 moons technologies (formerly FTIL) to sell 55 per cent stake in a subsidiary company — Atom Technologies — to Japanese firm NTT Data for $9 million.
Voltas: The Tata group is looking at the possibility of hiving off the projects business of Voltas and merging it with infrastructure company Tata Projects, senior officials close to the development said.
Cairn, Vedanta: The Securities Appellate Tribunal (SAT) has asked capital markets regulator Securities and Exchange Board of India (Sebi) to probe if Cairn India and Vedanta, controlled by billionaire Anil Agarwal, violated securities laws while withholding dividends payable to Cairn UK Holdings.
ICICI Securities: The brokerage reported a 15 per cent fall in consolidated net profit for the June quarter to Rs 113.8 crore, compared to Rs 133.8 crore profit in the same period a year ago. Total revenue from operations fell 10.9 per cent to Rs 386.5 crore from Rs 433.7 crore a year ago.
United Spirits: United Spirits reported a 143 per cent increase in net profit at Rs 197.4 crore for the quarter ended June, mainly due to improved operating performance and lower interest costs. India’s largest liquor firm, which is now controlled by Diageo, reported a 10 per cent year-on-year increase in its total sales for the quarter at Rs 7,087.9 crore.
GSK Pharma: Drug firm GlaxoSmith-Kline Pharmaceuticals reported a 35 per cent rise in its standalone profit to Rs 113.5 crore for the first quarter ended June 30. The company had posted a net profit of ₹84.1 crore for the corresponding period in the previous fiscal
RCom: Lenders to Reliance Communications (RCom) have decided to send a demand notice to Ericsson, asking the Swedish telecom equipment maker to refund the Rs 580 crore that it received from the erstwhile Anil Ambaniowned telco under a Supreme Court directive, according to people directly aware of the matter.
Insider Buys:
- Oriental Hotels Limited: Kamakshi Reddy S has bought 80,410 shares through Inter-se-Transfer on Jun 14, 2019.
- Steel Strips Wheels Limited: Sunena Garg has bought 28,000 shares through Market Purchase from Jul 17, 2019 to Jul 18, 2019.
Insider Sells:
- Avenue Supermarts Limited: Rajesh Seth has sold 20,000 shares through Market Sale on Jul 17, 2019.
- GeeCee Ventures Limited: Arti Shyamsukha has sold 92,096 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Gaurav Shyamsukha has sold 24,724 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Harisingh Shyamsukha has sold 30,546 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: New Age Energy India Private Limited has sold 50,149 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Nidhi Shyamsukha has sold 36,465 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Rakhee Dyechem Llp has sold 31,766 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Rohit Kothari has sold 89,944 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Saraswati Commercial (India) Limited has sold 94,924 shares through Others on Jul 17, 2019.
- GeeCee Ventures Limited: Tejal Kothari has sold 77,045 shares through Others on Jul 17, 2019.
- PC Jeweller Limited: Sachin Gupta has sold 28,03,627 shares through Market Sale from Jul 2, 2019 to Jul 4, 2019.
Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.
Bulk and Block Deals :
| Blg Tickers |
Date |
Company Name |
Acquirer/Seller |
Buy /Sell |
Qty Traded |
Price |
| DRCL |
22-Jul-19 |
Darjeeling Ropeway Company Limited |
Niraj Rajnikant Shah |
Buy |
40,000 |
94.00 |
| DRCL |
22-Jul-19 |
Darjeeling Ropeway Company Limited |
Ankur Suresh Mehta |
Sell |
40,000 |
94.00 |
| DEWH |
22-Jul-19 |
Dewan Housing Finance Corporation Ltd |
Alaska Permanent Fund |
Sell |
2,982,673 |
53.06 |
| GRSE |
22-Jul-19 |
Garden Reach Shipbuilders & Engineers Limited |
Utiassetmanagementcompanylimited |
Sell |
671,160 |
129.74 |
| REFX |
22-Jul-19 |
Refex Industries Limited |
Laroia Mona |
Sell |
124,966 |
126.30 |
| RELICAB |
22-Jul-19 |
Relicab Cable Manufacturing Limited |
Emrald Commercial Limited |
Buy |
90,000 |
48.80 |
| RELICAB |
22-Jul-19 |
Relicab Cable Manufacturing Limited |
Sajankumar Rameshwarlal Bajaj |
Sell |
90,000 |
48.80 |
| VIKAS |
22-Jul-19 |
Vikas Multicorp Limited |
Vikas Garg |
Sell |
3,500,000 |
2.85 |
Note: Insider Buy/Sell is as defined by SEBI Insider Trading Regulations, 1992 Bulk Deal is defined as any trade in which quantity transacted is more then 0.5% of the companies equity shares listed on the exchanges. The above mentioned data is not completely Extensive as relatively smaller trades have been excluded.
Source: Edelweiss Alternative Research