Top 15 stocks in focus today: HDFC, Biocon, Airtel, Laurus Labs

Biocon receives EU regulator nod for trastuzumab biosimilar.

HDFC to dilute stake in asset management unit via IPO. To hold 50.01% stake in the AMC business post stake dilution. Standard Life to hold 24.99%.

Bharti Airtel and Vodafone India are keen to acquire some spectrum from RCom to add to their airwave holdings in key markets, people familiar with the matter said. The Anil Ambani-owned telco’s lenders are selling the spectrum to try and recover part of their Rs45,000cr dues.

Dr Reddy’s Laboratories said a German regulatory authority has allowed the company’s Visakhapatnam-based plant to restart production for the EU market.

Shilpa Medicare says NCLT approves scheme of merger of Navya Biologicals with self.

Laurus Labs receives maiden tentative approval from USFDA for Tenofovir Disoproxil Fumarate tablets.

Mirza International receives MCA approval for scheme of merger between Hi-Life Fabricators and self.

MCX completes first settlement cycle in options contract on gold futures.

Mahindra & Mahindra Financial Services opened QIP on November 30, to raise up to Rs1,056cr at a floor price of Rs439.63.

Yes Bank says Moody’s assigns Baa3 rating to its $1 billion MTN program.

LT Foods to strengthen presence in European market. Plans to invest $20 million for overall branding and expansion.

Reliance Naval says IFCL has filed an insolvency petition against Reliance Naval and Engineering Ltd at National Company Law Tribunal (NCLT) Ahmedabad.

Bank of Baroda says LIC has cut its stake in the state-run bank by 2.05% points to 5.194% from 7.249% earlier, the lender said in a regulatory filing.

Allahabad Bank has set a medium term target to sell its 30% stake at Universal Sompo General Insurance Company as the government is insisting sale of non-core assets.

Hatsun Agro Product plans to raise funds by way of a rights issue. The Board will consider the proposal on December 6.

Mirza International announced that the Regional Director, Ministry of Corporate Affairs, Nothern Region has approved the Scheme of Arrangement between Hi-Life Fabricators with Mirza International.

Shoppers  Stop announced that the company and other sellers have transferred their entire equity shareholdings held in Hypercity Retail (India) to Future Retail and will receive a part of the cash consideration and share consideration consisting of 4,756,823 equity shares of Rs2 each of Future Retail.

 

Click Here For Free Trial:-

Sensex, Nifty open higher; Airtel, Hindalco top loser

Benchmark indices opened marginally higher today as India's GDP growth hit a three-quarter high of 6.3% in Jul-Sep, and was up from 5.7% a quarter ago on the back of a pick-up in the industrial sector. The GDP growth was also in line with expectations.

Gains were, however, capped today as weakness in global markets and rollover of short positions to the December derivatives series in the previous session weighed.

At 9:56 AM, BSE Sensex was up 60 points to 33,209 and the NSE Nifty50 Index was higher by 17 points to 10,243.

The BSE Mid-cap Index and BSE Small-cap Index are trading higher at 16,917 and 18,388 respectively.

UPL, Tata Motors, Bosch, Zee and ONGC gained the most on Nifty50.

Bharti Airtel, Hindalco, Cipla, IOC and Coal India were the top losers.

Today, the money market is closed on account of Id-e-Milad.

All sectors are trading in a positive zone. Buying was seen in realty, media, pharma and auto sectors on the NSE.

India VIX dropped by 0.66% at 13.46 level.

Out of 1,977 stocks traded on the NSE, 1,304 advanced, 262 declined, and 441 remained unchanged today.

A total of 75 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Among stocks, Biocon rose 3% as the company said the European Union drug regulator has accepted its marketing authorization application for trastuzumab and pegfilgrastim.

Shares of Britannia Industries, Petronet LNG and Vakrangee have been included in the MSCI India index with effect from today. Apollo Hospitals Enterprises was removed from the index. In the MSCI India Domestic index, shares of L&T Finance Holdings, TVS Motor Company and Vakrangee were included, while no deletions were made.

 

Click Here For Free Trial:-

FIIs net sell stock futures worth Rs26.2 bn on Thursday

Foreign institutional investors net sold stock futures worth Rs26.2 bn and index futures worth Rs6.25 bn on the NSE on Thursday.

They net bought index options worth Rs17.4 bn.

On Thursday, FIIs net sold Indian shares worth Rs15.00 bn rupees on the BSE, NSE, and Metropolitan Stock Exchange combined.

Domestic institutional investors, however, net bought shares worth Rs12.02 bn, according to provisional data on the NSE website.

The December futures of Nifty50 ended at a premium of 52.1 points to the spot index and open interest in the contract 54% to 17.90 mn.

 

Click Here For Free Trial:-

Tea stocks snap 3-day winning run on profit booking

Shares of tea stocks fell today, snapping a three-session long winning run due to profit booking.

Shares of tea companies have surged in November as supply constraints are seen pushing prices higher globally leading to better realizations’ for these companies.

Shares of Assam Co India, Mcleod Russel India, and Goodricke Group were down 1.3-4.8%.

On Tuesday, McLeod Russel India, Jay Shree Tea, Tata Global Beverages, Warren Tea, Goodrick Group, Dhunseri Tea, B&A, Terai Tea and Harrisons Malayalam - hit their respective 52-week highs on the BSE.

Assam Company India Ltd is currently trading at Rs 6.04, down by Rs 0.27 or 4.28% from its previous closing of Rs 6.31 on the BSE. The scrip opened at Rs 6.16 and has touched a high and low of Rs 6.16 and Rs 5.68 respectively.

Mcleod Russel India Ltd is currently trading at Rs 219.5, down by Rs 6.05 or 2.68% from its previous closing of Rs 225.55 on the BSE. The scrip opened at Rs 225.55 and has touched a high and low of Rs 228.7 and Rs 218.5 respectively.

Harrisons Malayalam Ltd is currently trading at Rs 110.6, down by Rs 3.65 or 3.19% from its previous closing of Rs 114.25 on the BSE. The scrip opened at Rs 115.5 and has touched a high and low of Rs 115.5 and Rs 109 respectively.

 

 

 Click Here For Free Trial:-

Top 11 stocks in focus today: Coal India, Wipro, Nestle, Swaraj Engines

Wipro will open Rs11,000cr share buyback scheme today. The company would buyback over 34.37cr fully paid-up equity shares for Rs320 a unit, representing up to 7.06% of the total paid-up equity share capital, on a proportionate basis.

The district administration of Shahjahanpur, UP, has slapped a Rs45 lakh fine on Nestle India, Rs15 lakh on its three distributors and Rs11 lakh on its two sellers, after its popular noodles brand Maggi allegedly failed to pass the lab test, even as the FMCG major maintained that “it’s a case of application of incorrect standards”, as per media reports.

Coal India is considering hiking salary of its executives, which may cost the company about Rs800Cr, as per media reports.

Swaraj Engines to buyback 2.94 lakh shares or 2.37% at a price of Rs2,400 for an aggregate amount not exceeding Rs70.7 Cr.

South Indian Bank has raised Tier 2 capital aggregating Rs490cr by allotting 49,000 non-convertible, redeemable, unsecured, Basel III compliant bonds at 9.50% per annum interest payable half-yearly for a period of 126 months.

Genus Power Infrastructures has won an order from EESL for the supply of 13.5 lakh smart meters for the states of Haryana and Uttar Pradesh.

Technofab Engineering has received an order in the domestic water sector valued at Rs28cr. The project is funded by Asian Development Bank.

SpiceJet has incorporated a wholly-owned subsidiary namely - Canvin Real Estate Private Limited which will engage in real estate business.

SREI Infrastructure Finance announced that the proposed IPO of the subsidiary, SREI Equipment Finance consists of fresh issue of Equity Shares of SEFL aggregating up to Rs1,100cr and an offer for sale of upto 4,386,765 Equity Shares of SEFL by SREI Infrastructure Finance.

RCom enters into binding Share Purchase Agreement with Pantel Technologies to sell 100% of DTH business.

AU Small Finance Bank started offering MF distribution. Partners with 11 AMCs.

 

 

 Click Here For Free Trial:-

Bharat 22 ETF lists at Rs 36.30 on BSE

Bharat 22 ETF made a decent debut on Tuesday on the BSE, as the open-ended exchange traded fund got listed at Rs 36.30/unit on BSE, a 0.91% premium over its issue price of Rs 35.97 per unit.

The ETF has been included in the BSE B group of securities with a scrip code 540787.

The portion reserved for retail investors was subscribed 1.45 times; retirement funds 1.50 times and non-institutional investors (NIIs) and qualified institutional buyers (QIBs) 7 times.

The government has raised Rs14,500cr through the open-ended exchange traded fund, comprising 22 stocks.

The PSUs that are part of the new Bharat ETF 22 includes ONGC, IOC, SBI, BPCL, Coal India and Nalco.

The other CPSEs on the list are Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL and NLC India. Only three public sector banks are included - SBI, Indian Bank and Bank of Baroda.

 

Click Here For Free Trial:-