- Lupin got the U.S. FDA approval for a generic hypertension drug
- Bharat Petroleum reports fire at marine oil terminal at Jawahar Dweep
- Reliance MF cuts its stake in Radico Khaitan to 5.66 percent from 8.3 percent
- Va Tech Wabag says insolvency resolution process started
- Coal India says September shipments to power sector rose 21 percent YoY
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, was little changed at 10,023.50 as of 7:20 a.m.
Here are the stocks to watch out for in today’s session:
- Lupin: Got the U.S. FDA approval for a generic hypertension drug Corgard, which has a market size of $109 million
- Bharat Petroleum: Reports fire at marine oil terminal at Jawahar Dweep
- Oil companies: Petrol, diesel dealers threaten indefinite strike from October 27
- Ujjivan Financial: CFO Hiren Shah resigned from company on personal grounds
- NMDC: Company’s total production in September rose 12.3 percent, while total sales grew 11.2 percent
- Radico Khaitan: Reliance MF cut its stake in the company to 5.66 percent from 8.3 percent
- Piramal Enterprises: To mull merger of Piramal Cap and Piramal Fin with Piramal Housing
- Infosys: Fixed November 1 as record date for payment of interim dividend and buyback
- Sharon Bio: Got 90 Days for insolvency resolution starting October 8
- Zuari Global: Provided Corporate guarantee for $16 million to Dutch development bank, FMO
- Mercator: Sold its vessel for Rs 24.70 crore to Natalia Shipping Ltd. The company will use the proceeds to repay debt
Other Corporate Announcements
- Heritage Foods: Ex-date for stock split from Rs 10 to Rs 5 per share
- Majestic Research: Ex-date for 1:1 bonus
- TI Financial: Circuit filter revised to 20 percent and shifted to A group
- Bhansali Engineering: Circuit filter revised to 10 percent
- Kwality Pharma: Last trading day before 1:1 bonus
IPO Watch
- MAS Financial Services IPO continues on day 3. The issue was subscribed 4.81 times on day 2.
- Indian Energy Exchange IPO continues on day 2. The issue has been subscribed 0.15 times so far.
- Reliance General Insurance files IPO papers with SEBI. Plans to sell up to 6.71 crore shares
Today’s Nifty Call
X
Bulk Deals
EClerx Ltd.
- SBI Magnum Balanced Fund bought 9.40 lakh shares or 2.36 percent stake at Rs 1200 each
- Steadview Capital Mauritius sold entire stake of 5.14 lakh share or 1.29 percent stake at Rs 1200 each
- ABG Capital sold 2.43 lakh shares or 0.6 percent stake at Rs 1200.1 each
- LTR Focus Fund sold 2.30 lakh shares or 0.6 percent stake at Rs 1200.06 each
Singer Ltd.
- Promoter Singer (India) BV sold 1.74 lakh shares or 1.6 percent stake at Rs 257.22 each
SORIL Holdings and Ventures Ltd.
- Anil Bansilal Lodha sold 7 lakh shares or 1.38 percent stake at Rs 68.3 each. Lodha held 40.87 lakh shares or 8.06 percent stake as per June filing
GHCL Ltd.
- Ocean Dial Gateway sold 7.49 lakh shares or 0.8 percent stake at Rs 220.35 each. Ocean Dial held 16.95 lakh shares or 1.75 percent stake as per September filing
Genus Power Infrastructures Ltd.
- UNO Metals sold 15.80 lakh shares or 0.6 percent stake at Rs 60.21 each.
- UNO held 34.55 lakh shares or 1.34 percent stake as per June filing.
Emami Infrastructure Ltd.
- East India Securities sold 3 lakh shares or 1.23 percent stake at Rs 184.54 each
- Shubham Enterprises bought 3 lakh shares or 1.23 percent stake at Rs 184.55 each
Onward Technologies
- Kuber India Fund bought 2.50 lakh shares or 1.6 percent stake at Rs 130 each
F&O Setup
- Nifty October Futures closed with a premium of 27.5 points from 23.7 points at 10,016.5
- October Futures: Nifty open interest up 1 percent while Bank Nifty open interest up 2 percent
- India VIX snaps six day losing streak, up 2.4 percent at 11.39
- October series highest Call base at 10,000 (open interest at 43.6 lakh, up 7 percent)
- October series highest Put base at 9800 (open interest at 57.8 lakh, up 8 percent)
- October Call strikes 10,000 10,100 saw open interest addition
- October Put strikes 9800, 9900 and 10,000 saw open interest addition
F&O Ban
- Bharat Earth Movers
- DHFL
- Indiabulls Real Estate
- JP Associates
- JSW Energy
- Reliance Communications
- Reliance Capital
Active Stock Futures
- SRF saw open interest addition of 33 percent on long side
- Powergrid saw open interest addition of 16 percent on short side
- Apollo Tyres saw open interest addition of 16 percent on short side
- Tata Elxsi saw open interest addition of 13 percent on long side
- Amara Raja saw open interest addition of 13 percent on short side
- PC Jeweller saw open interest addition of 12 percent on long side
- Bata India saw open interest addition of 9 percent on long side
- Jubilant Food saw open interest shedding of 17 percent, long unwinding was seen
Brokerage Radar
- S H Kelkar & Company: Edelweiss Investment initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 348
- Future Retail: Nomura maintained its ‘Buy’ rating on the stock with price target hiked to Rs 619 from Rs560
- United Spirits: JPMorgan retained its ‘Overweight’ with price target hiked to Rs 2,685 from Rs 2,640
- NBCC: Edelweiss maintained ‘Hold’ with price target of Rs 223
- L&T: Kotak Securities maintained its ‘Add’ on the stock with price target of Rs 1,300
- Power Grid: Citi reiterated its ‘Buy’ on the stock with price target cut to Rs 242 from Rs 253
- ACC: Raised to Neutral at Haitong International; price target raised to Rs 1,550
- Apollo Tyres: Raised to Buy at Equirus Securities, price target Rs 289
Media Reports
- Tata Steel: May bid for Essar’s Hazira plant. (Mint)
- Satin Creditcare: Raises Rs 150 crore via Qualified Institutional Placement. (Mint)
- ONGC: May sell stake in Indian Oil to LIC in block deal. (Mint)
- L&T: To supply smart electricity meters to EESL. (Mint)
- Bhushan Steel: The company's IRP seeks resolution plan. (Financial Express)
- Reliance Infra: To divest power transmission assets in western region to Adani Group. (Business Line)
- Reliance Industries: RIL-SBI payments bank yet to meet regulatory needs. (Business Standard)
- Ceat: Bought 163 acres in Chennai for radial tyre plant: JLL. (Business Standard)
- Apollo Hospitals: Said that the estate cost a challenge for affordable hospitals. (Business Standard)
- Mahindra & Mahindra: In talks with Karnataka for investments to expand electric vehicles' division. (Economic Times)
- Monnet Ispat: NCLT asks Chhattisgarh to supply power to Monnet Ispat. (Economic Times)
- JSPL: Sells Oxygen plan assets to SREI Equipment Finance – sale and leaseback deal for Rs 1,121 crore. (Economic Times)
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