A man watches Indian Indian stock market indices on a display screen on the facade of the Bombay Stock Exchange (BSE).
A sell-off that wiped out global stock gains for the year continued in Asia Tuesday amid concerns authorities around the world are struggling to keep the coronavirus from spreading. Havens including Treasuries and the yen held onto losses. Japan opened lower after a holiday, while Australia and South Korea also fell. Futures in Hong Kong pointed to a weaker start.
Here Are The Stocks To Watch Out For In Today's Trade
- Tech Mahindra acquired 100 percent stake in Zen3 Infosolution. Zen3 Infosolutions is a U.S.-based company specialising in AI-based solutions. It is to pay $42 million upfront and another $22 million over 3 years linked to financial performance.
- JSW Steel Ltd was declared the preferred bidder for the Jajang Iron Ore block in Odisha.
- Suzlon energy to consider share issue in Feb. 27 meeting.
- HDFC Bank says Managing Director Aditya Puri sold 12.5 lakh shares between Feb 11-12; Puri to sell more equity shares held by him.
- TVS Motor says coronavirus outbreak impacted February production. The company could see a 10 percent drop in its planned February production.
- Camlin Fine Sciences said its China joint venture's manufacturing facility has resumed operations.
Earnings Reaction To Watch
Linde India (Q3, FY20)
- Revenue fell 26 percent to Rs 413 crore
- Net profit of Rs 635 crore vs Rs 15.4 cr
- Profit rose due to an exceptional gain of Rs 841 crore
- Exceptional gain on account of sale of an asset on slump basis
F&O Inclusions From Feb. 28
- Info Edge
- HDFC Life
- Bandhan Bank
Bulk Deals
GNA Axles
- Promoter Rachhpall Singh sold 1.26 lakh shares (0.6 percent) at Rs 235.17 each.
Delta Corp
- Smaller Cap World Fund Inc sold 17.39 lakh shares (0.6 percent) at Rs 160 each.
The Anup Engineering Ltd
- Abakkus Emerging Opportunities Fund-1 bought 72000 shares (0.7 percent) at Rs 530 each
- Multiples Private Equity Fund sold 57285 shares (0.6 percent) at Rs 530 each
- Multiples Private Equity Fii I sold 1.69 lakh shares (1.7 percent) at Rs 530 each
Who's Meeting Whom
- Cantabil Retail to meet several fund houses included Barclays, Ambita Capital etc from Feb. 25-27.
- Castrol India to meet FSSA Investment Managers On Feb. 27.
- Sundram Fasteners to meet Spark Capital and Emkay Investment Managers on Feb. 25 & 28 respectively
- eClerx Services to meet Fidelity International on Feb. 25
- Dixon Technologies to meet Antique broking & SAIF Partners on Feb. 26
