Stocks To Watch Today: Cipla, Reliance Industries, RITES, Syngene, UltraTech Cement

Stocks to watch before going into trade today.

<div class="paragraphs"><p>(Stocks To Watch:&nbsp;<a href=";utm_medium=referral&amp;utm_content=creditCopyText">Chris Liverani</a>/<a href=";utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
(Stocks To Watch: Chris Liverani/Unsplash)

US equity futures fell Monday and stocks in Asia are off to a weak open after Federal Reserve Chair Jerome Powell's comments flagging the need for restrictive monetary policy for some time to tackle rise in inflation. At the Jackson Hole annual economic symposium, Powell issued warning of potential economic pain for households and businesses.

Nasdaq 100 and the S&P 500 futures lost over 1%, while bourses in Japan, South Korea and Australia shed about 2%

At 7:30 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 2.21% lower at 17,268.50 points.

Gold and Bitcoin declined but crude oil was little changed at just above $93 a barrel.

Back home, India's stock benchmarks snapped five-week winning streak, dragged by losses in information technology and pharma stocks on Friday. The local currency appreciated by 1 paise against the U.S. dollar.

Reliance Industries, Sun Pharma, ONGC, BPCL, Power Grid, SBI Life, Grasim and NMDC are among companies to hold their shareholder meetings on Monday. Procter & Gamble Health will report its June quarter numbers.

Stocks To Watch

  • UltraTech: The company commissioned cement capacity of 1.3 MTPA at Dalla Cement Works, Uttar Pradesh taking the company’s total cement manufacturing capacity in India now stands at 115.85 MTPA.

  • RITES: The company secured order with for redevelopment of Kollam Railway Station for Rs. 361.18 crores from Southern Railway, Ernakulam, Kerala. The company’s share in the order is 51%.

  • SRF: The company commissioned second BOPP Film Line & Metallizer at Indore for an aggregate cost of Rs 446 crore.

  • Cipla: Says U.S. FDA made six observations on Goa facility. Company is working with U.S. FDA to address the issues within stipulated time.

  • M&M: Says SsangYong Motor 'Rehabilitation Plan' approved.

  • Manappuram Finance: To consider raising funds via debt in September.

  • NDTV: Shifts AGM date to September 27 from September 20.

  • Syngene International: To buy up to 26% stake in O2 renewable energy II for Rs 3 crore.

  • Tata Steel: Signs pact with Punjab for long-PDTS steel plant, to have scrap-based electric arc furnace.

Pledged Share Details

  • Asahi India Glass: Promoter & Director Brij Mohan Labroo revoked a pledge of 15 lakh shares between August 23 and August 25.

  • Coffee Day Enterprises: Promoter V.G.Siddhartha (Revised) invoked a pledge of 2.73 lakh shares on August 20.

Insider Trades

  • L.G. Balakrishnan & Bros: Promoter Nithin Karivardhan sold 6,329 shares on August 25.

  • Indo Amines: Promoter Group Marvel Indenting sold 7,900 shares between August 18 and August 26.

  • Patel Engineering: Promoter Raahitya Constructions sold 1.20 crore shares between August 22 and August 26.

  • Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on August 25.

  • Star Cement: Promoter & Director Prem Kumar Bhajanka bought 9,000 shares on August 25.

Bulk Deals

  • Astra Microwave Products: Gee Bee Securities sold 4.36 lakh shares (0.50%) at Rs 356.52 apiece.

  • Sapphire Foods India: Edelweiss Finance and Investments sold 3.43 lakh shares (0.03%) at Rs 1,220.22 apiece.

  • Orient Electric: PGIM India Mutual Fund sold 13.08 lakh shares (0.63%) at Rs 261.79 apiece.

Who’s Meeting Whom

  • GOCL Corporation: To meet analysts and investors on August 29.

AGMs Today

  • Reliance Industries

  • Bharath Petroleum

  • Britannia Industries

  • Grasim Industries

  • Gujarat Gas

  • Hindustan Aeronautics

  • Vodafone Idea

  • Jagran Prakashan

  • Kitex Garments

  • Marksans Pharma

  • Samvardhana Motherson International

  • Motherson Sumi Wiring India

  • NMDC

  • Oil and Natural Gas Corp.

Trading Tweaks

  • Price Band Revised From 0% To 20%: Nippon Life India Asset Management

  • Ex-Date Dividend: Ion Exchange (India)

  • Ex-Date Final Dividend: Data Patterns (India), India Glycols, Metro Brands, Pokarna

  • Ex-Date Interim Dividend: Kama Holdings

  • Ex-Date Buy Back of Shares: SIS

  • Record-Date Interim Dividend: GRM Overseas,

  • Record-Date Stock Split: PDS

  • Record-Date Final Dividend: Sutlej Textiles and Industries

  • Move Out Of Short-Term ASM Framework: Nava