- Future Retail to acquire Hypercity for Rs 655 crore in cash, stock deal
- Ramky Infra to hold an EGM on October 30 to consider convertible warrants to promoters and non-promoters
- IDFC Bank and Shriram group extended exclusivity pact till November 8
- Pheonix Mills bought additional 1.8 acres land in Pune for Rs 21.25 crore
- IDBI Bank shareholders approved Rs 1,861 crore share allotment to the government
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India, gained 0.15 percent to 9,935.50 as of 7:30 a.m.
All you need to know going into trade today.https://t.co/MQRbXTSDPu pic.twitter.com/HM0l08LIHo
Here are the stocks to watch out for in today's session:
- Future Retail: To acquire Hypercity for Rs 655 crore in a cash-and-stock deal
- Ramky Infrastructure: Extraordinary general meeting on October 30 to consider convertible warrants to promoters and non-promoters like Aadi Financial
- IDFC Bank: Lender and Shriram group extended exclusivity pact till November 8
- Tata Steel: Second quarter output higher at 3.02 million tonne compared to 2.72 million tonne a year ago
- Pheonix Mills: Bought additional 1.8 acres land in Pune for Rs 21.25 crore
- Bank of Baroda: Cuts MCLR by 5 basis points from October 7
- Suzlon: Said banks are afraid of funding renewable projects with tariff below Rs 3/KwH
- IDBI Bank: Holders approved Rs 1861 crore share allotment to the government
- Patel Engineering: To issue optionally convertible debentures up to Rs 1,240 crore to lenders of the company under S4A
- KEC International: Undertakes restructuring of its subsidiaries
Kishore Biyani acquires Hypercity for Rs 655 crore from Shoppers Stop.https://t.co/kLOkdZ0HGz pic.twitter.com/EmIfWhfpYs
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Other Corporate Announcements
- Dishman Carbogen Amcis: Circuit filter revised to 20 percent and shifted to B group
- Reliance Home Finance: Last trading day under ‘T' group. To be shifted to ‘B' group with effect from Monday
- Graphite India: Circuit filter revised to 5 percent
IPO Watch
- Godrej Agrovet IPO continues on day 3. The issue subscribed 2.33 times on day 2
- MAS Financial Services IPO opens for sale at Rs 456-459 a share, closes on Oct. 10. The company allocates 29.6 lakh shares at Rs 459 a share to 15 anchor investors
KKR ready with long-term funds to buy bad assets, says Sanjay Nayar.https://t.co/GPSlJ0hunu pic.twitter.com/3yu50ZB7Ia
Today's Nifty Call
F&O Setup
- Nifty October Futures closed with a premium of 20 points versus 15.5 points at 9908
- Rollover: Nifty open interest up 4 percent, Bank Nifty open interest down 2 percent
- India VIX closed lower by 0.7 percent at 11.7
- October series highest Call base at 10,000 (open interest at 47.7 lakh, up 11 percent)
- October series highest Put base at shifts to 9800 (open interest at 46.8 lakh, up 4 percent)
- October Call strikes 9900, 10,000, 10,100 sees open interest addition
- October Put strikes 9800 & 9900 see open interest addition
Active Stock Futures
- Jubilant Food saw open interest addition of 25 percent on long side
- Powergrid saw open interest addition of 15 percent on short side
- NIIT Tech saw open interest addition of 12 percent on long side
- Engineers India saw open interest addition of 10 percent on short side
- Indo Count saw open interest addition of 9 percent on long side
- Just Dial saw open interest addition of 8 percent on long side
- Tata Elxsi saw open interest addition of 7 percent on long side
F&O Ban
- Bharat Earth Movers
- DHFL
- Indiabulls Real Estate
- JP Associates
- JSW Energy
Here's a quick look at corporate insider trades on Thursday.https://t.co/MQRbXTSDPu pic.twitter.com/I1GVXXIWmo
Bulk Deals
Prataap Snacks
- SBI Mutual Funds bought 4.40 lakh shares at Rs 1,272.68 each
- Smallcap World Fund bought 4.25 lakh shares at Rs 1,245.79 each
Worth Peripherals
- HSBC Mutual Funds bought 99,000 shares at Rs 74.3 each
- They had bought 4.98 lakh shares in the company on September 29
Kesar Petroproducts
- Hema Ramesh Ajwani sold her entire 2.07 percent stake of 20 lakh shares at Rs 52.56 apiece
- Principal mutual fund bought 21 lakh shares at Rs 52.5 each
Vadivarhe Speciality Chemicals
- Garnet International Ltd. bought 87,000 shares at Rs 128.46 each
Here's a line up of all major corporate/investor meetings over the next few days.https://t.co/MQRbXTSDPu pic.twitter.com/xXIXuddrAY
Brokerage Radar
- Jubilant FoodWorks: Morgan Stanley upgraded stock rating to ‘Overweight' from ‘Underweight' and hiked price target to Rs 1,780 from Rs 900
- BASF India: Emkay initiated coverage on the stock with a ‘Buy' and price target of Rs 2,212
- Shilpa Medicare: Motilal Oswal maintained ‘Buy' on the stock with price target of Rs 805
- Prestige Estate: JPMorgan retained its ‘Overweight' on the stock with price target of Rs 275
- Colgate: Jefferies reiterated its ‘Hold' on the stock with price target of Rs 1,025
- Emami: Jefferies maintained its ‘Hold' on the stock with price target of Rs 1,190
- Godrej Consumers: Jefferies maintained its ‘Hold' on the stock with price target of Rs 970
- HUL: Jefferies reiterated its ‘Buy' rating on the stock with price target of Rs 1,320
- ITC: Jefferies maintained ‘Hold' on the stock with price target of Rs 305
- Marico: Jefferies retained ‘Hold' on the stock with price target of Rs 295
- Nestle India: Jefferies maintained its ‘Hold' rating on the stock with price target of Rs 7,800
- United Spirits: Jefferies retained its ‘Hold' rating on the stock with price target of Rs 2,500
ABB India submits bid for 4,500 electric vehicle charging stations.@sajeetkm reports.https://t.co/icSeg6UOUV pic.twitter.com/JQEvdaJ40Q
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