Everything You Should Know Before Entering The Market On February 21

  • Feb. 21, 2022, 11:27 a.m.

U.S. equity futures and Asian stocks fell Monday as investors shifted to havens including bonds and gold amid geopolitical concerns.Nasdaq 100 contracts shed

1%, while stocks in Japan, Australia and South Korea retreated. Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.76% to 17,148.50 as of 6:30 am.

Gold was near the highest since June. The dollar was steady. In cryptocurrencies, Bitcoin held a retreat from the weekend and was trading around $38,000.

Stocks To Watch

  • InterGlobe Aviation: Promoter Rakesh Gangwal has resigned from the board of directors of the IndiGo airline operator with immediate effect. In a letter to the board, Gangwal said he plans to slowly dilute his holding in the company over the next five years.

  • Future Retail: The company has paid $14 million as interest for the half year on 5.60% Senior Secured Notes (USD). The company had missed the payment, which was due on Jan. 24.

  • Gulf Oil Lubricants: The company will buyback 14,16,667 shares, representing 2.8% of the total paid up capital at a buyback price of Rs 600 per share.

  • HDFC: Srikanth Nadhamuni resigned from the board as a non-executive non-independent director, citing a potential future deal between HDFC Bank and an entity in which he might be interested.

  • Kansai Nerolac Paints: The company appointed Anuj Jain as the Managing Director for a term of five years after the retirement of Vice Chairman and Managing Director HM Bharuka.

  • Canara Bank: The bank has subscribed to 1,20,000 shares of Debt Resolution Company for a 14.9% stake, which will be reduced to 5% by March 31, 2022.

  • Union Bank: The bank has subscribed to 99,000 shares of Debt Resolution Company for a 12.3% stake, which will be reduced to below 10% in due course.

  • SBI: The bank has subscribed to 99,000 shares of Debt Resolution Company for a 12.3% stake, which will be reduced to 5% by March 31, 2022.

  • Bank of Baroda: The bank has subscribed to 99,000 shares of India Debt Resolution Company for a 12.3% stake, which will be diluted to 9.9% by March 31, 2022.

  • Punjab National Bank: The bank has subscribed to 90,000 shares of Debt Resolution Company for an 11.8% stake, which will be reduced to 5% in due course.

  • Bank of Maharashtra: The bank has subscribed to 50,000 shares of Debt Resolution Company for a 6.21% stake, which will be reduced to 4% by March 31, 2022.

  • Gujarat Mineral Development: The company has received an amendment to its environmental clearance from the Ministry of Environment and Forest to mine up to a depth of 135 metres, up from its earlier approved depth of 94 metres at the Tadkeshwar Lignite Mines.

  • Hinduja Global: Wins $281 Million U.K. Test-and-Trace Contract.

  • JMC Projects: to merge with Kalpataru Power Transmission in an all-equity merger. Shareholders of JMC will be issued equity shares of Kalpataru in the ratio of 4:1. The merged entity will have a combined order book of Rs 37,000 crore.

  • TCS: Last day to buy stock to qualify for the buyback record date of Feb. 23. India's largest IT services firm has set a buyback price of Rs 4,500.

  • Godawari Power & Ispat: Gets into agreement to sell 50 MW (CGEL) solar thermal power plant for Rs. 665 crore

    Pledge Shares Details

    • Aurobindo Pharma: Promoter Group RPR Sons Advisors, P Suneela Rani (jointly holding) revoked a pledge of 7,000 shares on Feb. 15.

    • Inox Wind: Promoter Inox Wind Energy created a pledge of 18 lakh shares on Feb. 15.

    Insider Trades

    • Chambal Fertilisers & Chemicals: Promoter group Ronson Traders bought 12,000 shares on Feb. 15. Promoter group Yashovardhan Investment & Trading Co. bought 1.11 lakh shares on Feb. 15-16. Promoter SIL Investments bought 25,000 shares on Feb. 17.

    • Maharashtra Seamless: Promoter group Sudha Apparels bought 11,926 shares between Feb. 15 and Feb. 16.

    • Asahi India Glass: Promoter group Ashok Kanhayalal Monga sold 2,500 shares on Feb. 3.

    • Aarti Drugs: Promoter and Director Prakash Moreshwar Patil bought 8,600 shares on Feb. 15.

    • Vaibhav Global: Promoter group Brett Enterprises bought 2,000 shares on Feb. 17.

    • Gati: Promoter group Bunny Investments and Finance sold 5,000 shares on Feb. 15.

    • Globus Spirits: Promoter group Rambagh Facility Services LLP bought 19,200 shares on Feb. 16.

    • Star Cement: Promoter and Director Sajjan Bhajanka bought 39,869 shares on Feb. 17.

    • Fairchem Organics: Promoter group FIH Private Investments sold 1,083 shares on Feb. 17.


    Bulk Deals

    • Visaka Industries: Vigilance Security Services sold 25 lakh (1.51%) shares at a price of 635.33 apiece.

    • Tata Investment Corporation bought 40 lakh (0.6%) units at Rs 98 apiece. Rapid Holdings 2 PTE sold 64 lakh (0.96%) units at Rs 98 apiece.

    Trading Tweaks

    • Price Band Revised From 10% To 5%: Nitin Spinners

    • Move Out Of The Short-Term ASM Framework: Metro Brands

    • Record Date Interim Dividend: Aurobindo Pharma, Shyam Metalics and Energy, Amrutanjan Health Care

    • Record Date Buy Back: Gulf Oil Lubricants India

    • Record Date Income Distribution: Brookfield India Real Estate Trust: REIT

    • Ex-Date Interim Dividend: India Coal India, SJVN, Kirloskar Oil Engines, Hero MotoCorp, Balkrishna Industries, Sundram Fasteners, Oil & Natural Gas Corporation, Tide Water Oil Company (India), Carborundum Universal, Coal India, Cochin Shipyard, IRCON International, Cummins India, Metropolis Healthcare, MTAR Technologies, Somany Home Innovation,

    • Ex-Date Stock Split: JBM Auto


    Money Market Update

    The rupee ended at 74.66 against the U.S. dollar on Friday, as compared to Thursday’s closing price of 75.11. Coal


    India Warns It May Need to Cut Output Without a Price. HikeF&

    O Cues

    • Nifty February futures ended at 17,284.90; a premium of 8.6 points.

    • Nifty February futures added 1.37% and 2,787 shares in open interest.

    • Nifty Bank February futures ended at 37,604.80; a premium of 5.65 points.

    • Nifty Bank February futures shed 7.63% and 5,816 shares in open interest.

    • Securities in the ban list: Escorts, Indiabulls Housing Finance.

    • Punjab National Bank: Securities added to the ban list

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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