NEW DELHI: Nifty futures on the Singapore Exchange traded 34 points, or 0.28 per cent, higher at 12,391.50, indicating a firm start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:
Wipro, IndusInd Bank: Wipro, IndusInd Bank, Mindtree, Bandhan Bank, Network 18 Media and TV 18 Broadcast are some of the companies, which will announce their quarterly results today.
Hindalco: Novelis, the wholly owned US unit of Hindalco, is raising up to $1.6 billion by selling bonds locally as it aims to use the proceeds to partially fund the acquisition of Aleris Corp and refinance an old debt.
Torrent Power, Torrent Pharma: Capital markets regulator Sebi exempted Mehta Family Trust from making open offer following its proposed acquisition of stake in three companies — Torrent Power, Torrent Pharmaceuticals and Gujarat Lease Financing.
Vodafone Idea: The telecom operator’s board board has approved modification of the use of the Rs 25,000-crore rights issue funds to pay Rs 2,826.1 crore towards the adjusted gross revenue (AGR) dues besides for repayment of loans and the redemption of non-convertible debentures, including interest.
Religare Enterprises: Value investor Ashish Kacholia and Mukul Agrawal have bought stake in the company.
Reliance Home Finance: Some bond investors at Reliance Home Finance are considering multiple options, including a complaint to the regulator of audit firms, to ensure recovery of their outstanding investments after the stressed home financier was taken to the National Company Law Tribunal (NCLT) last week.
Jaiprakash Power Ventures: Lenders to the firm, led by ICICI Bank, have restructured its debt by converting much of it into equity or convertible instruments, and approached the NCLT to withdraw bankruptcy proceedings.
JSW Steel: NCLAT has directed the ED and other investigative agencies to clarify whether JSW Steel, the successful bidder for the debt-laden Bhushan Power and Steel, would have immunity for offences committed by the previous management under a December ordinance.
Allcargo Logistics: The Blackstone Group will invest up to Rs 380 crore in Allcargo Logistics’ warehousing business, said the logistics company on Monday.
Reliance Power: Adani Group is exploring acquisition of Vidarbha Industries Power (VIPL), a subsidiary of Reliance Power which supplies electricity to Adani Electricity Mumbai
Siemens: German engineering group Siemens said it would fulfil its contractual obligations to a controversial coal mining project in Australia’s outback, attracting criticism from environmental groups on Monday.
BOARD MEETINGS
Insider Buys:
- No buy entry reported for the day.
Insider Sells:
- No sale entry reported for the day.
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 |
|---|---|---|---|---|---|---|
| CAMX | 13-Jan-20 | Camex Ltd | Saz Power Solutions Llp . | Buy | 120,559 | 23.09 |
| CAMX | 13-Jan-20 | Camex Ltd | Clear Water Commodities Private Limited | Sell | 120,559 | 23.09 |
| JEPL | 13-Jan-20 | Jiya Eco-Products Limited | Devangkumar R Patel | Sell | 185,000 | 22.62 |
| PNDL | 13-Jan-20 | Pansari Developers Limited | Life Line Marketing Pvt Ltd. | Buy | 228,000 | 22.95 |
| RELI | 13-Jan-20 | Reliance Infrastructure Ltd | Indusind Bank Ltd Client A/c | Sell | 2,500,000 | 23.82 |
| RELG | 13-Jan-20 | Religare Enterprises Ltd | Mukul Mahavirprasad Agrawal | Buy | 2,604,206 | 44.00 |
| RELG | 13-Jan-20 | Religare Enterprises Ltd | Ashish Kacholia | Buy | 4,000,000 | 44.00 |
| RELG | 13-Jan-20 | Religare Enterprises Ltd | Axis Bank Ltd. | Sell | 9,000,000 | 44.00 |
| SPGR | 13-Jan-20 | Scanpoint Geomatics Ltd | Saz Power Solutions Llp . | Buy | 400,000 | 20.36 |
| SPGR | 13-Jan-20 | Scanpoint Geomatics Ltd | Clear Water Commodities Private Limited | Sell | 400,000 | 20.36 |
| ANUP | 13-Jan-20 | The Anup Engineering Limited | Hdfc Standard Life Insurance Co Ltd | Sell | 53,485 | 535.01 |
| VACL | 13-Jan-20 | Vaxtex Cotfab Limited | Makwana Dixit Chandubhai | Buy | 162,000 | 24.45 |
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)
Source: Economic Times
