NEW DELHI: Nifty futures on the Singapore Exchange were trading 22.50 points, or 0.20 per cent, higher at 11,295, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:
Tata Motors, the Bajaj duo: Nifty firms Tata Motors, Bajaj Finance and Bajaj Finserv, and non-Nifty firms Ambuja Cements, Biocon, Bank of Baroda, PVR and Gurh Finance will announce their June quarter results today.
YES Bank: Ratings agency Icra downgraded YES Bank’s long-term ratings on various bonds, while retaining a negative outlook. WestBridge Capital Partners, Farallon Capital and GIC, Singapore’s sovereign wealth fund, are likely to be among the top investors in the upcoming share sale by cash-starved lender Yes Bank
SBI Life: Value Line, an affiliate of KKR Asian Fund offloaded 65 lakh shares of SBI Life Insurance for about Rs 504 crore through open market transactions.
Bharti Airtel, Vodafone Idea: The Digital Communications Commission (DCC), the telecom department's apex decision-making body approved imposing a cumulative penalty of Rs 3,050 crore on Bharti Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio.
Syndicate Bank: The state-run bank reported narrowing down of its net loss to Rs 980.46 crore in the quarter ended June 2019 due to a fall in provisioning for bad assets.
JSW Steel: India’s second-largest private steel manufacturer plans to raise $500-700 million from overseas investors as the company aims to lower borrowing costs amid declining yields. The funds could be raised either through loans or through a bonds issue.
Cox & Kings: Tours and travel services firm Cox & Kings on Wednesday said it has defaulted on commercial papers worth Rs 174 crore.
Oberoi Realty: The company reported about 50 per cent decline in its consolidated net profit to Rs 152.07 crore for the first quarter of this fiscal.
IDFC First Bank: The lender reported a net loss of Rs 617 crore for the April-June quarter of the current fiscal on account of higher provisioning.
Shriram Transport Finance: NBFC firm Shriram Transport Finance Co reported nearly 11 per cent rise in its net profit to Rs 634.25 crore for the first quarter ended June 30.
DHFL: Beleaguered housing finance company DHFL again defaulted on bond repayments to the tune of Rs 8.07 crore on July 23, according to an exchange filing.
Quess Corp: Business services provider Quess Corp reported a 3 per cent rise in its consolidated net profit to Rs 56 crore for the quarter ended on June 30, 2019.
ICICI Prudential Life Insurance: The life insurer reported a net profit of Rs 285 crore for the three months ended June, almost flat growth compared to the year-ago period.
RINL: State-owned steel maker RINL said projects worth about Rs 2,985 crore were inaugurated at its plant in Visakhapatnam.
Security and Intelligence Services: The cash logistics firm reported a jump of about 90 per cent in its consolidated net profit to Rs 74.90 crore for first quarter ended June 30.
Monsanto India: The seed firm posted a 15.11 per cent jump in net profit at Rs 76 crore for the first quarter of 2019-20 on higher sales.
Syngene International: The contract research and manufacturing firm reported a 9 per cent rise in its consolidated net profit to Rs 72 crore for the first quarter ended June 30.
NTPC, BHEL: State-owned power producer NTPC on Wednesday said it has signed a pact with BHEL to set up an 800 MW technology demonstration plant (TDP) at its power plant in Chhattisgarh.
Insider Buys:
- AVSL Industries Limited: Priti Bansal has bought 15,000 shares through Market Purchase on Jul 23, 2019.
- Steel Strips Wheels Limited: Sunena Garg has bought 22,353 shares through Market Purchase from Jul 22, 2019 to Jul 23, 2019.
Insider Sells:
- PC Jeweller Limited: Sachin Gupta has sold 28,03,627 shares through Market Sale from Jul 2, 2019 to Jul 4, 2019.
- Vikas Multicorp Limited: Vikas Garg has sold 1,00,00,000 shares through Market Sale from Jul 19, 2019 to Jul 22, 2019.
- Wipro Limited: Jatin Pravinchandra Dalal has sold 50,000 shares through Market Sale on Jul 22, 2019.
- Wipro Limited: Saurabh Govil has sold 75,000 shares through Market Sale on Jul 22, 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 |
| ATISHAY |
24-Jul-19 |
Atishay Limited |
Hem Securities Limited |
Buy |
270,000 |
60.44 |
| ATISHAY |
24-Jul-19 |
Atishay Limited |
Santosh Bhansali Huf |
Sell |
269,629 |
60.44 |
| BCPC |
24-Jul-19 |
B.C. Power Controls Limited |
Ashish Bhupendra Thakar |
Sell |
350,000 |
42.37 |
| NVKB |
24-Jul-19 |
Navkar Builders Ltd |
Anumita Infrastructure Private Limited |
Sell |
128,530 |
23.50 |
| SBILIFE |
24-Jul-19 |
SBI Life Insurance Company Limited |
Value Line Pte Ltd |
Sell |
6,500,000 |
775.06 |
| SAKETH |
24-Jul-19 |
Saketh Exim Limited |
Overskud Multi Asset Management Private Limited |
Buy |
78,000 |
114.52 |
| SAKETH |
24-Jul-19 |
Saketh Exim Limited |
Aryaman Capital Markets Limited |
Buy |
52,000 |
102.59 |
| SAKETH |
24-Jul-19 |
Saketh Exim Limited |
Shah Babulal Vadilal |
Sell |
32,000 |
112.13 |
| SAKETH |
24-Jul-19 |
Saketh Exim Limited |
Yogeshkumar Babulal Shah Huf |
Sell |
44,000 |
100.57 |
| SANK |
24-Jul-19 |
Sankhya Infotech Ltd |
Krsna Suraj Kalra |
Buy |
590,000 |
19.00 |
| SANK |
24-Jul-19 |
Sankhya Infotech Ltd |
Almondz Finanz Limited |
Sell |
585,380 |
19.00 |
| SINTER |
24-Jul-19 |
Sintercom India Limited |
Bellwether Capital Private Limited |
Buy |
160,000 |
62.05 |
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.
Edelweiss Alternative Research