Stocks To Watch: Cadila Healthcare, Dena Bank, Navin Flourine
SGX Nifty indicates a negative start to trade
- Dena Bank plans Rs 1,800 crore fund raise via QIP
- Promoters sell stake in Navin Flourine
- Blackstone sells stake in Jagran Prakashan
- Cadila receives U.S. FDA nod for Hepatitis B drug
The Singapore traded SGX Nifty, an early indicator of Nifty’s performance in India, fell 0.2 percent to 9,494.
Your Wednesday morning briefing.https://t.co/2TdPrfcGiV pic.twitter.com/czxm71ZksD
— BloombergQuint (@BloombergQuint) June 28, 2017
Here are the stocks to watch out for in today’s session:
Navin Flourine
- Promoter Mafatlal Industries and NOCIL sold their entire stake of 1.18 lakh shares (or 1.2 percent equity) and 4.71 lakh shares (or 4.8 percent equity) respectively at Rs 2,875 each
- Goldman Sachs India Fund bought 68,886 shares or 0.7 percent stake at Rs 2,875 each
- HSBC Global Investment Funds Asia ex-Japan bought 1.56 lakh shares or 1.6 percent stake at Rs 2,875 each
- GMO Emerging Domestic Opportunities Fund Bought 1.57 lakh shares or 1.6 percent stake at Rs 2,875 each
- GSA MGT bought 56,263 shares or 0.6 percent stake at Rs 2,875 each
- Dena Bank: Shareholders approve to raise Rs 1,800 crore via QIP issue
- Hero MotoCorp: LIC sold 2.03 percent stake in the company
- Jagran Prakashan: Blackstone GPV sold its entire stake in Jagran Prakashan founder Jagran Media Network Investment Pvt. Ltd. (JMNIPL)
- Cadila Healthcare: Received U.S. FDA nod for generic Hepatitis B drug
- Federal Bank: Approves closure of its QIP and sets its issue price at Rs 116 per share
- Raymond: To invest Rs 1,400 crore in its Amravati unit and open 300 new stores
- Lupin, Dr. Reddy's Laboratories: Cannot market generic versions of Vimovo as New Jersey District Court upheld Horizon Pharma's patent. (Bloomberg)
Jaiprakash Associatesâ debt to be split into 3 parts under a restructuring plan, reports @visshy_it.https://t.co/YTJ8aOuNwj pic.twitter.com/zofYbwFQbt
— BloombergQuint (@BloombergQuint) June 28, 2017
Other Corporate Announcements
- Indiabulls Real Estate: Acquires entire minority stake of 10.08 percent in Indiabulls Infraestate Ltd. (IIL) from IL&FS Fund entities for a total consideration of Rs 358.44 crore. With this IIL becomes the wholly-owned subsidiary of the company
- Country Club: Board approves sale of assets for the purpose of debt reduction of the company
- Omax Autos: Shuts down its manufacturing unit in Gurugram
- HPCL: Considering issue of bonds in the overseas market
Monnet Ispat, Electrosteel Steels and Jyoti Structures admitted to NCLT, report @VarunAcj & @visshy_it.https://t.co/qBol4dyJOr pic.twitter.com/ZVhTqCI8zF
— BloombergQuint (@BloombergQuint) June 28, 2017
Today’s Nifty Call
#BQOpinion | You canât fault people for being nervous ahead of GST and F&O expiry, writes @_nirajshah. https://t.co/IbQOQMhc7J pic.twitter.com/gqjMh59hCH
— BloombergQuint (@BloombergQuint) June 27, 2017
Brokerage Calls
- Aurobindo Pharma: Downgraded to 'Hold' at Sharekhan with price target of Rs 735
- Firstsource Solutions: Raised to 'Buy' at SBI Capital Securities with price target of Rs 45
- Supreme Industries: Downgraded to 'Hold' at Sharekhan with price target of Rs 1,250
- Axis Bank: CLSA maintains 'Outperform' with price target of Rs 570
Flipkart will roll out its grocery services in the first week of August.https://t.co/3P7EXv6DMX pic.twitter.com/otRJPRWB9u
— BloombergQuint (@BloombergQuint) June 27, 2017
Bulk Deals
Arrow Greentech
- Promoters sold 5 lakh shares or 4.3 percent stake at Rs 530 each
- DSP Blackrock Mutual Fund bought 4.71 lakh shares or 4 percent stake at Rs 530 each
Tejas Networks
- Abu Dhabhi Investments bought 5.3 lakh shares or 3.1 percent stake at Rs 265.12 each
- Amansa Holdings Pvt. Ltd. bought 13.5 lakh shares or 7.9 percent stake at Rs 260.56 each
Drug price regulator gets #GST ready; releases ceiling price of 761 medicines.https://t.co/hEYy6qeeNZ pic.twitter.com/tI3j9vqSYP
— BloombergQuint (@BloombergQuint) June 27, 2017
Stocks In F&O Ban
- DLF
- Fortis Healthcare
- GMR Infrastructure
- IndiaBulls Real Estate
- IFCI
- India Cements
- Infibeam Incorporation
- Jaiprakash Associates
- Oriental Bank of Commerce
- Reliance Communications
- Reliance Capital
- Ujjivan Financial Services
General Motors India exit - incensed dealers threaten legal action against automaker for âconspiracyâ and âfraudâhttps://t.co/5TO3lnW6MR pic.twitter.com/EkNBRFNtzi
— BloombergQuint (@BloombergQuint) June 27, 2017
F&O Stocks To Watch
- JP Associates: Sees short covering with open interest down 8 percent
- AB Nuvo: Sees short covering with open interest down 21 percent
- SBI: Sees fresh shorts with open interest up 9 percent
- GMR Infrastructure: Sees long unwinding with open interest down 5 percent
- Kaveri Seeds: Sees fresh longs with open interest up 18 percent
- Rolls Higher Than 3-Month Average: HCL Tech and Mahindra & Mahindra
- Rolls Lower Than 3-Month Average: Lupin and Vedanta
Dena Bank shareholders approve Rs 1,800-crore QIP. https://t.co/Wjn9Y8IRgF pic.twitter.com/bBNYw1WjUs
— BloombergQuint (@BloombergQuint) June 27, 2017
Media Reports
- Cadila Healthcare: Aims to double U.S. business in three years. (Business Standard)
- Ashok Leyland: To focus on commercial vehicles. (Business Standard)
- Idea Cellular: Clarification sought by SEBI can delay merger with Vodafone. (Hindu Business Line)
- Tata Group: Chairman N Chandrashekhar may outline plans to revitalise group this week. (Economic Times)
- ABG Shipyard: Liberty House in talks to buyout the company. (Business Standard)
Shares of Amtek Auto have fallen by nearly 90% since its last peak in June 2014, reports @YatinMota.https://t.co/eG2DPA0Ddm pic.twitter.com/WzbAXoArHp
— BloombergQuint (@BloombergQuint) June 27, 2017