IDFC, RBL Bank, Power Grid, IndiGo, Biocon, Ashiana Housing, and Jindal Steel are stocks to keep an eye on.

  • Dec. 31, 2021, 12:06 p.m.

India's inventory benchmarks closed the penultimate trading session little changed, as gains in facts generation shares were offset by using losses in power, oil & fuel and metallic stocks, with index heavyweight Reliance Industries Ltd. Shedding little much less than 2%.

The S&P BSE Sensex changed into in large part unchanged at fifty seven,794. The 30-stock index rose above fifty eight,000 stage in intraday exchange earlier than erasing the profits. The NSE Nifty 50 also closed little changed at 17,203.Ninety five 

Stocks To Watch

Biocon: Biocon Biologics partner Viatris wins U.S. Court docket choices on Sanofi Appeals for Lantus patents. The enterprise can promote five positive merchandise since the court held up the unpatentability of these for Sanofi’s Lantus SoloSTAR.

PB Fintech: Board permitted an funding of Rs seven hundred crore in wholly owned subsidiary Policybazaar Insurance Brokers Pvt. Ltd. And Rs 300 crore in Paisabazaar Marketing and Consulting Pvt. Ltd. Policybazaar also launched pre-qualified application for private loans in partnership with Axis Bank.

IDFC, IDFC First Bank: Firms gave their “in-principle” approval to merging, in conjunction with IDFC Financial Holding Co.

RBL Bank: Forms seek committee to perceive applicants for the position of MD & CEO. Bank says it's going to enterprise to finish the succession process at an early date.

Jindal Steel and Power: CCI has authorized the acquisition of 96.Forty two% stake in Jindal Power with the aid of Worldone Pvt. Ltd. For Rs 3,0.5 crore in cash, three,400-megawatt coal-fired power vegetation in Chhattisgarh and different non-middle assets owned through Jindal Power.

Ashiana Housing: A forensic audit discovered that funds of approximately Rs four.26 crore had been misappropriated at the organisation.

Sterling and Wilson Renewable Energy: Approved the allotment of two.93 crore shares to Reliance New Energy Solar Limited at Rs 375 apiece. The Reliance unit now holds 15.Forty six% of the agency.

State Bank of India: Buys 9.Ninety five% stake in India International Exchange (IFSC) Ltd. For up to Rs 30.65 crore. Also sold nine.Ninety five% stake in lndia lnternational Clearing Corporation (IFSC) for Rs 34.03 crore.

Power Grid Corporation: Approves plan to enter information centre commercial enterprise with an funding of Rs 322 crore. Money could be used to set up a statistics centre in Manesar.

InterGlobe Aviation: IndiGo shareholders vote in favour of the thought to take away share switch restrictions from the enterprise’s articles of association.

Route Mobile: Wholly owned subsidiaries Start Corp India and Send Private have merged.

D B Realty: To meet on Jan. Four to recall elevating price range and amending the Memorandum and Articles of Association.

Mahindra Lifespace Developers: To meet on Feb. 4 to consider Q3 consequences. Mahindra World City (Jaipur) Ltd , a subsidiary cum joint assignment organisation performed two lease deeds for leasing in mixture 40.81 acres of land in the Domestic Tariff Area – II.

Greenlam Industries: Care Ratings assigned AA- rating to its long term - Proposed NCDs of Rs 150 crore, outlook rated ‘solid’.

Mahindra & Mahindra: CRISIL reaffirms its ‘AAA/Stable/A1+’ scores at the bank facilities and debt gadgets.

One97 Communications: Madhur Deora appointed CFO of Paytm. He became earlier President and Group CFO. 


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Upcoming Results

Cipla: To meet on Jan. 25 to recollect Q3 outcomes.

NDTV: To meet on Feb. Nine to don't forget Q3 consequences.

BASF India: To meet on Feb. 9 to consider Q3 outcomes.

Dabur: To meet on Feb. 2 to bear in mind Q3 consequences.

UGro Capital: To meet on Feb. 8 to don't forget Q3 effects.

Anand Rathi: To meet on Jan. 6 to remember Q3 effects.

ESAB India: To meet on Feb. 10 to take into account Q3 consequences.

Pledge Share Details

Chambal Fertilisers & Chemicals: Promoter Zuari Global Ltd. Created a pledge of 34,17,890 stocks on Dec. 27 and revoked a pledge of three,35,000 stocks on Dec. 28.

Bulk Deals

Cantabil Retail: Meena Ashwin Kothari offered 2,70,000 (1.65%) stocks at the charge of Rs 705.Sixty seven apiece. Authum Investment and Infrastructure Ltd. Bought four,21,000 (2.Fifty seven%) stocks at Rs 731.09 apiece. Satya Narain Goel sold 1,sixty five,000 (1.01%) stocks at Rs 716.03 apiece. Jindal Ravinder Kumar sold 1,sixty five,000 (1.01%) stocks at Rs 725.Ninety four apiece. Sunil Kumar Jindal sold 1,00,040 (zero.Sixty one%) stocks at Rs 732 apiece.

Insider Trades

Grasim Industries: Promoter Group IGH Holdings Private Ltd. Offered 2,28,000 shares among Dec. 24 and Dec. 28.

West Coast Paper Mills: Promoter Shree Satyanarayan Investments Company Ltd. Sold 10,000 shares between Dec. 29 and Dec. 30.

Mukand: Promoter Group Bachhraj & Company Pvt. Ltd. Sold 20,438 shares between Dec. 27 and Dec. 28.

Mayur Uniquoters: Promoter Kiran Poddar sold 2,00,000 stocks on Dec. 29.
Vaibhav Global: Promoter Group Brett Enterprises Pvt. Ltd. Sold 5,000 stocks on Dec. 29.

Aditya Birla Capital: Promoter Group Birla Group Holdings Ltd. Bought 2,50,000 shares on Dec. 24.

Gujarat Fluorochemicals: Promoter Group Inox Chemicals sold 27,553 shares on Dec. 29.

Who’s Meeting Whom

Fino Payments Bank: Met CLSA India on Dec. 30.

SBI Cards and Payments: Met Axis Mutual Fund on Dec. 30.

ICICI Securities: Met Jupiter Asset Management on Dec. 30.

Somany Home Innovation: To meet EM Investco Capital and OHM Stock Brokers on Dec. 31.

Trading Tweaks

Price Band Changed From 10% To 5%: Shriram EPC, Shyam Century Ferrous, Websol Energy System

Price Band Changed From 20% To 10%: Kingfa Science and Technology, Cybertech Systems and Software

Price Band Removed From 20%: Aditya Birla Capital, Balrampur Chini Mills, Gujarat Narmada Valley Fertilizers and Chemicals, Hindustan Copper, Honeywell Automation India, IDFC, NBCC (India), Rain Industries, Tata Communications

Shortlisted In Long-Term ASM Framework Stage-I: Websol Energy System, Balkrishna Paper Mills

Stock Split Record Date: Andhra Sugars, Polo Queen Industrial and Fintech

Interim Dividend Record Date: GAIL

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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