All You Need To Know Going Into Trade On February 22

Stocks fell Tuesday on escalation of tensions between the West led by the U.S. and Russia over Ukraine, supporting a rise in crude oil prices and shift to safe haven.

Equities in Japan, Australia and South Korea fell. U.S. markets will resume trading following a holiday Monday. Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.78% to 17,071.50 as of 6:00 am. Gold pushed past $1,910 an ounce, the dollar was steady. Oil surged while bitcoin hovered around $37,200.

• Adani Enterprises: The company signed a non-binding memorandum of understanding with Ballard Power Systems to evaluate a joint investment case for the commercialisation of hydrogen fuel cells in various mobility and industrial applications in India.

• Tata Power: The company’s subsidiary Tata Power Renewable Energy has signed a memorandum of understanding with RWE Renewables GmbH to explore the potential for a joint development of offshore wind projects in India.

• ICICI Bank: The company has entered into an agreement to acquire 9.49% stake in Verve Financial Services for Rs 19.99 crore.

• Hero MotoCorp: The company has created a new position of chief growth officer, integrating marketing, sales and aftersales functions. Ranjivjit Singh, head of marketing, has been elevated to this new role with immediate effect.

• Hindalco: The company’s wholly owned subsidiary Novelis will invest approximately Rs 372.74 crore ($50 million) to build a recycling centre with annual casting capacity of 100 kilotonnes of low-carbon sheet ingot at its Ulsan Aluminium joint venture in South Korea. It expects the recycling centre to reduce the company’s carbon emissions by more than 420,000 tonnes each year.

• IDFC First Bank: Managing Director and CEO V. Vaidyanathan has gifted 900,000 equity shares to five persons including his trainer, househelp, driver and office support staff. Rukmani Social Welfare Trust has disposed 200,000 equity shares to support social activities.

• IndiaMart InterMesh: The company entered into an agreement with Fleetx Technologies to acquire 16.35% stake for an aggregate amount of Rs 91.42 crore.

• Affle India: The company’s subsidiary Affle International has acquired 28.33% stake in Appnext.

• Krsnaa Diagnostic: The company has bagged a tender for providing diagnostic/laboratory services in healthcare institutions run by the Health and Family Welfare Department of Government of Himachal Pradesh.

• ISGEC: The company has commissioned its largest Biomass Boilers for a Bio Ethanol project in Thailand for GKBI, a joint venture of PTT, Thailand Petroleum Company and KTIS, through an EPC company, Sbang, Thailand.

• SIS: The company said that former promoters of the SLV, Vishal Swara and Ruchi Swara, have withheld the transfer of remaining 21,474 shares (8.59%) with a dishonest intention, in spite receiving full consideration for the shares. The company said it has thus completed and fulfilled its obligations of payments to purchase 100% of the shares of SLV.

• CG Power: Mumbai High Court dismisses tax claim on CG Power.

• L&T Finance: Citigroup sells 57.87 million shares of the company, while BNP Paribas buys 57.87 million shares at Rs 71.35/share.

• Panacea Biotec: The pharma company has partnered the central government for Betacoronavirus vaccines.

• Vedanta: Makes oil discovery in Barmer, Rajasthan.

• SEBI has approved API Holdings, Wellness Forever Medicare and CMR Green Technologies IPOs.

• Allied Blenders & Distillers has chosen banks including ICICI Securities and Axis Capital to manage its initial public offering, Bloomberg reported. The Mumbai-based distiller plans to file the preliminary offer documents by April and could add more bankers to the lineup.

• Centrum Capital: Promoter Businessmatch Services pledged 12,00,000 shares on Feb. 15.

• Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust, pledged 60,000 shares on Feb. 18.

• India Infrastructure Trust: IIFL Wealth Prime bought 70 lakh units (1.05%) at Rs 98 per share and sold 2 lakh units (0.03%) at Rs 99 per share. Rapid Holdings 2 Pte sold 78 lakh units (1.17%) at Rs 98 per share.

• L&T Finance Holdings: Citigroup Global Markets Mauritius sold 5.78 crore shares (2.34%) at Rs 71.35 per share. BNP Paribas Arbitrage bought 5.78 crore shares (2.34%) at Rs 71.35 per share.a

• Chambal Fertilisers & Chemicals: Promoter SIL Investments bought 45,000 shares on Feb. 18.

• Privi Speciality Chemicals: Promoter FIH Private Investments sold 3,250 shares on Feb. 16.

• KRBL: Promoter Group Anil Mittal Family Trust, Arun Kumar Gupta Family Trust and Binita Gupta Family Trust bought 1,45,000 shares each on Feb. 18.

• Shakti Pumps: Promoter Group Vintex Tools bought 7,000 shares on Feb. 18.

• Geojit Financial Services: Promoter BNP Paribas SA sold 48,000 shares on Feb. 16.

• Man Infraconstruction: Promoter Parag K. Shah bought 2,48,167 shares on Feb. 18.

• Cantabil Retail: Promoter Vijay Bansal bought 1,331 shares between Feb. 18 to Feb. 21.

• Star Cement: Promoter Sajjan Bhajanka bought 6,920 shares on Feb. 18.

• Metropolis Healthcare: Promoter Sushil Shah bought 1,49,573 shares between Feb. 18 and Feb. 21.

Metropolis Healthcare: To meet investors and analysts on Feb. 22.

• Ex-Date Buyback: TCS

• Ex-Date Interim Dividend: NHPC, Oil India, Trent, Akzo Nobel India, Garden Reach Shipbuilders & Engineers, Hinduja Global Solutions, MSTC, NCL Industries, Suprajit Engineering

• Ex-Date Bonus Issue: Hinduja Global Solutions

• Ex-Date Buyback: Mayur Uniquoters

• Record Date Interim Dividend: India Nippon Electricals, Coal India, SJVN, Kirloskar Oil Engines, Hero MotoCorp, Balkrishna Industries, Sundram Fasteners, ONGC, Tide Water Oil Company (India), Carborundum Universal, Coal India, Cochin Shipyard, IRCON International, Cummins India, Metropolis Healthcare, MTAR Technologies, Somany Home Innovation

• Record Date Special Dividend: Balkrishna Industries

• Record Date Stock Split: JBM Auto

• Move Out of Short-Term ASM Framework: Jubilant Industries, Balaji Telefilms, Stove Kraft

• Dwarikesh Sugar: Systematix Shares & Stocks initiated coverage on the stock with a 'buy' recommendation

• Kotak Mahindra raised to 'buy' at Nirmal Bang; Price target set at Rs 2,240.

• United Spirits raised to 'buy' at Nirmal Bang; Price target set at Rs 965.

The rupee ended at 74.51 against the U.S. Dollar on Monday as compared to Friday’s closing of 74.66.

• Nifty February futures ended at 17,208.5; a premium of 1.85 points.

• Nifty February futures shed 7.23% and 14,873 shares in Open Interest.

• Nifty Bank February futures ended at 37,676.45; a discount of 9.15 points.

• Nifty Bank February futures shed 9.69% and 6,628 shares in Open Interest.

• Securities in the ban list: Escorts, Punjab National Bank

• Securities removed from the ban list: Indiabulls Housing Finance.

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