Nifty futures on the Singapore Exchange traded 102 points, or 0.91 per cent higher at 11,356, in signs that Dalal Street was headed for a gap-up start on Thursday. Here are a gew stocks which may buzz the most in today’s trade:
Chemcon, CAMS: Chemcon Speciality Chemicals and Computer Age Management Services (CAMS) are set to make a debut on Dalal Street on October 1. On Wednesday, grey market premia of CAMS and Chemcon fell about 15 per cent each to Rs 312 and Rs 320 from Rs 365 and Rs 360, respectively, on Tuesday.
Reliance Industries: Oil-to-retail conglomerate RIL said on co-investors of Silver Lake will invest an additional Rs 1,875 crore into its unit Reliance Retail Ventures (RRVL), a second such deal in a day.
LVB: The Committee of Directors (CoD) at the troubled Lakshmi Vilas Bank (LVB) has shortlisted three candidates for the post of Managing Director and Chief Executive Officer and the names will be sent to the RBI within a week, an official of the bank said.
ICICI Bank: Private sector lender ICICI Bank said spends by its customers have touched 90 per cent of the pre-COVID levels, with travel and tourism being the only affected segments.
PNB: Public sector Punjab National Bank (PNB) on Wednesday declared its Rs 1,203.26 crore exposure to Sintex Industries Ltd as fraud. Pursuant to the applicable provisions of Sebi’s Listing Obligations and Disclosure Requirements (LODR) and the bank’s policy, “we inform reporting of borrowal fraud of Rs 1,203.26 crore in NPA account of Sintex Industries Ltd (SIL),” PNB said in a regulatory filing.
Asian Paints, Axis Bank, Bajaj Finance and Bharti Airtel: Vanguard Total International Stock Index Fund sold shares worth Rs 1,085.5 crore in 21 firms including 17 Sensex companies, through open market transactions. According to the block deal data on the BSE, 1.27 lakh shares of Asian Paints for Rs 24.99 crore and Axis Bank’s scrips for Rs 39.55 crore. It sold over 80,000 shares of Bajaj Finance for Rs 26.42 crore, 6.79 lakh shares of Bharti Airtel for Rs 29.54 crore and 4.42 lakh shares of HCL Technologies for Rs 35.94 crore
SBI: State Bank of India said it will raise up to Rs 5,000 crore through debt instruments in the current financial year
ONGC, Oil India: India has cut the price of locally produced gas for October 2020-March 2021 by about a quarter to a multi-year low of $1.79 per million metric British thermal units (mmBtu), the government said on Wednesday. They will also cut earnings for state-owned Oil and Natural Gas Corp Ltd and Oil India Ltd.
PVR, Inox Leisure: MHA has issued new guidelines today for opening up of more activities outside containment zones from October 1, and permitted cinemas and theatres to open with 50 per cent capacity .
Dhanlaxmi Bank: Shareholders of Kerala-based Dhanlaxmi Bank have rejected the appointment of chief executive Sunil Gurbaxani at the bank’s annual general meeting, barely within a week of a similar incident at Lakshmi Vilas Bank, showing their strength like never before.
Birla Tyres: Birla Tyres, which was recently carved out of Kesoram Ltd, is in talks with multiple prospective partners both within the country and overseas for strategic collaboration, PTI reported.
Arvind Fashions: Gap Inc. and Arvind Fashions are parting ways, six years after the Bengaluru-based company signed a master franchisee for India and Arvind and US fashion group are currently looking for a buyer for Gap’s India business.
Panacea Biotec: Drug firm Panacea Biotec on Wednesday said it has received a warning letter from the US health regulator for its pharmaceutical formulation facility at Baddi in Himachal Pradesh.
CG Power & Industrial Solutions: London-based hedge fund Habrok India Master LP bought 40,57,559 shares of CG Power & Industrial Solutions at Rs 24.01 per share.
Usha Martin: Neutral Publishing House bought 16,75,000 shares of Usha Martin at Rs 25.59 per share. It already held a 2.35 per cent stake in the company at the end of June.
