NEW DELHI: Nifty futures on the Singapore Exchange were trading 13.50 points, or 0.12 per cent, lower at 11,315, indicating a negative start for Dalal Street. Here are a few stocks which may buzz the most in today’s sessions:
Indiabulls Housing Finance: BJP Leader
Subramanian Swamy sent a letter to PM Modi, accusing the Indiabulls group of Rs 1 lakh crore worth fraud. The company has denied any wrongdoing.
ICICI Bank: The largest private bank reported a standalone net profit of Rs 1,908 crore for the first quarter ended June 2019. The bank had posted a net loss of Rs 120 crore in the same quarter a year ago.
IDFC: The NBFC said it has called off plans to sell stake in its subsidiary IDFC Financial Holding Company to The Chatterjee Group (TCG).
Dr Reddy's Labs: The drugmaker will announce its June quarter results on Monday. DLF, BEL, Kansai Nerolac, RNAM and SPARC will be some other companies annoncing their quarterly results today.
Cadila Healthcare: The drugmaker said its manufacturing plant at Ankleshwar in Gujarat has completed inspection by the US health regulator with no observations.
Granules India: The company’s Bonthapally facility received one 483 observation. The company said it will respond to USFDA observation within stipulated time.
Manpasand Beverages: The whole-time director Abhishek Singh, CFO Paresh Thakkar and Harshvardhan Singh were granted bail by Gujarat High court on July 25. The investigation is almost concluded, sources told Reuters.
Vodafone Idea: Net loss narrowed to Rs 4,873.9 crore for the April-June quarter, helped by a change in accounting standard and lower operating costs, but its revenue fell dropped below rival Reliance Jio’s for the first time, as some subscribers left and others moved to lower tariff plans.
Vedanta: The mining major said consolidated attributable profit fell 12 per cent year-on-year to Rs 1,351 crore in the June quarter compared with Rs 1,533 crore in the corresponding quarter last year.
Tata Chemicals: The world's second largest soda ash manufacturer has received green nod for expansion of its soda ash plant in Gujarat at an estimated cost of Rs 1,042.07 crore, according to official documents.
JSW Steel: Net profit declined by more than half in the first quarter of the financial year hit by lower sales volume on account of softer public spending on infrastructure as well as weak demand from the automotive and consumer durables sectors.
Escorts: Engineering and farm equipment maker Escorts on Friday reported a 27.59 per cent fall in its consolidated net profit to Rs 87.66 crore for the first quarter ended June 2019.
IPO WATCH
The Rs 459-crore IPO by Affle India, a company in which Microsoft is a minority shareholder, will open for subscription on Monday. The price band for the offer has been fixed in the range of Rs 740-745 a share. At the higher end of the price band, the issue is available at a P/E multiple of 38.9 times FY19 consolidated EPS on pro-forma basis.
Insider Buys:
- Geekay Wires Limited: Kavitha Agarwal has bought 24,000 shares through Market Purchase on Jul 24, 2019.
Insider Sells:
- MindTree Limited: Lso Investment Pvt. Ltd (Kamran Ozair) has sold 60,000 shares through Market Sale on Jul 24, 2019.
- The Federal Bank Limited: Sumit Kakkar has sold 20,650 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 |
| ABINFRA |
26-Jul-19 |
A B Infrabuild Limited |
Sonal Kamal Gupta |
Buy |
100,000 |
26.70 |
| ABINFRA |
26-Jul-19 |
A B Infrabuild Limited |
Kusum Jagdish Gupta |
Buy |
100,000 |
26.70 |
| ABINFRA |
26-Jul-19 |
A B Infrabuild Limited |
Mark Corporate Adviosrs Pvt Ltd |
Sell |
284,000 |
26.70 |
| ARTEDZ |
26-Jul-19 |
Artedz Fabs Limited |
Hitesh Mohanbhai Patel |
Buy |
141,000 |
28.50 |
| ARTEDZ |
26-Jul-19 |
Artedz Fabs Limited |
Bhavna Hitesh Patel |
Buy |
90,000 |
28.50 |
| ARTEDZ |
26-Jul-19 |
Artedz Fabs Limited |
Namita Hitesh Patel |
Sell |
231,000 |
28.50 |
| ESL |
26-Jul-19 |
Essar Shipping Limited |
India Opportunities Growth Fund Ltd - Pinewood Strategy |
Buy |
7,400,000 |
9.50 |
| ESL |
26-Jul-19 |
Essar Shipping Limited |
Citoc Investment Services Llp |
Sell |
7,364,883 |
9.50 |
| GSSI |
26-Jul-19 |
GSS Infotech Limited |
Yadvendra Sharma |
Buy |
94,000 |
41.39 |
| RMCH |
26-Jul-19 |
Ram Minerals and Chemicals Limited |
Taiyab Haiderali Noorani . |
Sell |
6,000,000 |
0.75 |
| RCAPT |
26-Jul-19 |
Reliance Capital Ltd |
Qe Securities |
Sell |
144,048 |
53.22 |
| RELICAB |
26-Jul-19 |
Relicab Cable Manufacturing Limited |
Emrald Commercial Limited |
Buy |
150,000 |
49.22 |
| RELICAB |
26-Jul-19 |
Relicab Cable Manufacturing Limited |
Overskud Multi Asset Management Private Limited |
Sell |
150,000 |
49.22 |
| TEJASNET |
26-Jul-19 |
Tejas Networks Limited |
Hdfc Mutual Fund - Hdfc Growth Fund |
Buy |
3,000,000 |
84.00 |
| TEJASNET |
26-Jul-19 |
Tejas Networks Limited |
Columbia Emerging Markets Fund E407698 |
Sell |
1,845,804 |
84.32 |
| TEJASNET |
26-Jul-19 |
Tejas Networks Limited |
Columbia Variable Portfolio-emerging Markets Opportunity Fund |
Sell |
669,865 |
84.32 |
| TEJASNET |
26-Jul-19 |
Tejas Networks Limited |
Emerging Markets Stock Common Trust Fund |
Sell |
482,031 |
84.32 |
| VSCL |
26-Jul-19 |
Veto Switchgears And Cables Limited |
Anant Jain |
Buy |
200,000 |
76.59 |
| VSCL |
26-Jul-19 |
Veto Switchgears And Cables Limited |
Shikha Malpani |
Sell |
100,000 |
76.77 |
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)