INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange were trading 15 points, or 0.4 per cent, lower at 11,043, indicating a negative start for
Here are a few stocks, which may buzz the most in today’s trade:
Sadbhav Infa: Canada’s largest pension fund manager Canada Pension
Plan Investment Board (CPPIB) is in advanced talks to acquire 12 operating road assets of Sadbhav Infrastructure Project Ltd (SIPL), in a
deal worth $400-500 million (Rs 3,000 crore).
Alok Industries: The NCLT’s Ahmedabad bench has approved the Rs 5,050-crore resolution plan
submitted jointly by RIL and JM Financial,with immediate effect.
IDBI Bank: The lender has put on the block its insurance and mutual fund
businesses as it seeks to increase the capital base after Life Insurance Corporation acquired over 51% stake in the bank.
Delta Corp: A
subsidiary Gaussian Software has entered into an agreement to subscribe to 1 crore equity shares of Jalesh Cruises (JCML) for a total
consideration of $10 million
The company is expected to hold over 25 per cent stake in JCML
DLF: Realty major DLF plans to raise an estimated Rs 3,000 crore through the sale of equity shares to qualified institutional
investors.
GMR Infrastructure: A subsidiary of GMR Infra has bagged contract to manage Nagpur airport from MIHAN India.
Reliance Industries:
Global pension and sovereign wealth funds and long-only infrastructure-focussed financial investors have been sounded out as Reliance Jio
Infocomm’s efforts to monetise its pan-India optic fibre assets to deleverage its balance sheet gather momentum.
Suven Life Sciences: The
company said it will create a wholly-owned subsidiary in the US and will infuse USD 75 million (about Rs 525 crore) in its new
business.
Varun Beverages: PepsiCo India's bottling partner Varun Beverages has set up a Rs 800 crore facility in Pathankot that is expected
to generate 5,000 direct and indirect jobs.
IOL Chemicals: The drug maker said it will expand its existing unit at Barnala and also set up
an ancillary facility at Raikot in Punjab with a cumulative investment of Rs 347 crore.
Dredging Corporation: The government said it has
executed share purchase pact with four ports with regard to the strategic sale of its stake in Dredging Corporation of India (DCI),
mobilising a total amount of Rs 1,049 crore by this strategic sale.
Indian Overseas Bank: State-owned Indian Overseas Bank said it has
reduced the MCLR across all tenors, except overnight and one month, with effect from Sunday.
Magma Fincorp: The Mumbai-based asset finance
company \expects to close the outgoing fiscal year with a 20 percent growth in disbursals as it comes out of the liquidity crunch that hit
the shadow banking sector after ILFS went belly up last September.
Apollo Tyres: The company expects returns to start accruing from 2021 for
the investments it has put in over the last few years across its operations in India and Europe, a top company official said.
Syndicate
Bank: The state-owned bank said it has reduced its marginal cost of funds-based lending rate (MCLR) by 0.10 per cent for various
tenors.
Board meetingsAnalyst calls• IIFL has retained reduce rating on Eicher Motors with a target price of ₹18,400
The brokerage has cut FY20-21 EPS estimates by 5-6% due to continued weakness in volumes
The cumulative EPS cut in the past six months stands at around 20%, said IIFL.
• CLSA has maintained outperform rating on Ambuja Cements
with a target price of ₹250
Ambuja should benefit from the better pricing environment which should drive strong earnings growth, said CLSA
There is near-term concern on further market share losses, but this should reverse as new capacity comes on-stream in CY20, the brokerage
• Kotak Institutional Equities has downgraded Maruti Suzuki India to add from buy and reduced fair value to ₹7,500 from Rs 7,600
The domestic passenger vehicle industry is likely to grow in low single digit due to increase in costs related to stricter safety and
emission regulations, it said
• Antique Stock Broking has maintained buy rating on Gujarat Gas with a target price of ₹180
Stars appear to align well for Gujarat Gas, as company stands to benefit from favourable NGT ruling and benign LNG prices environment, said
Antique.
• Emkay Global has a buy rating on ICICI Bank with a target price of ₹465
The brokerage believes that ICICI Bank is gradually transforming itself with its uncompromising focus on quality, profitability,
accountability, governance and customer-centricity, which were not seen in the past.
Insider Buys:Amrutanjan Health Care Limited: Pasumarthi
Sn Murthy has bought 1,880,140 shares through others on Feb 26, 2019.Bajaj Auto Limited: Bajaj Holdings Investment Limited has bought
319,000 shares through Market Purchase on Mar 6, 2019.Emkay Global Financial Services Limited: Emkay Corporate Services Private Limited has
bought 109,991 shares through Market Purchase from Mar 5, 2019 to Mar 6, 2019.Future Consumer Limited: Future Capital Investment Private
Limited has bought 500,000 shares through Market Purchase on Mar 5, 2019.Manaksia Limited: Vajra Machineries Private Limited has bought
248,298 shares through Market Purchase on Mar 5, 2019.Minda Corporation Limited: Whiteline Barter Limited has bought 21,000 shares through
Market Purchase on Mar 5, 2019.MT Educare Limited: Mr.Chandresh Fooria has bought 116,139 shares through Market Purchase from Feb 20, 2019
to Feb 22, 2019.Oricon Enterprises Limited: Rajendra Somani(Belonging To has bought 140,000 shares through Market Purchase on Mar 6,
2019.Sadbhav Engineering Limited: Shantaben V
Patel has bought 375,000 shares through Market Purchase on Mar 6, 2019.Thyrocare Technologies Limited: A
Velumani Huf has bought 90,000 shares through Market Purchase from Feb 26, 2019 to Feb 28, 2019.Vakrangee Limited: Anil Khanna has bought
474,518 shares through Market Purchase on Mar 6, 2019.Insider Sells:Alkem Laboratories Limited: Deepak Kumar Singh has sold 25,000 shares
through Market Sale on Mar 5, 2019.Axis Bank Limited: The Oriental Insurance Company Limited has sold 36,000 shares through Market Sale from
Mar 6, 2019 to Mar 7, 2019.Dabur India Limited: Sunil Duggal has sold 70,000 shares through Market Sale on Mar 1, 2019.Dish TV India
Limited: Siddharth Kabra Relatives has sold 25,000 shares through Market Sale on Mar 1, 2019.Granules India Limited: Krishna Prasad
Chigurupati has sold 5,000,000 shares through Market Sale on Mar 8, 2019.HDFC Asset Management Company Limited: G Srikanth has sold 28,000
shares through Market Sale on Mar 6, 2019.HDFC Life Insurance Company Limited: Srikanth Ramasubramanian has sold 17,000 shares through
Market Sale on Mar 5, 2019.ICICI Bank Limited: G.Srinivas has sold 25,000 shares through Market Sale on Mar 6, 2019.ICICI Bank Limited:
Vijay Chandok has sold 20,000 shares through Market Sale from Mar 5, 2019 to Mar 6, 2019.Infosys Limited: Infosys Employees Benefits Trust
has sold 77,604 shares through Market Sale on Mar 1, 2019.ITC Limited: A N Seshadri has sold 22,875 shares through Market Sale on Mar 6,
2019.ITC Limited: Ashwani Kumar has sold 59,000 shares through Market Sale on Mar 6, 2019.ITC Limited: B
Sumant has sold 40,000 shares through Market Sale on Mar 6, 2019.ITC Limited: C.A.S.C
Vinayagam has sold 15,000 shares through Market Sale on Mar 5, 2019.ITC Limited: H.N
Rama Prasad has sold 20,000 shares through Market Sale on Mar 6, 2019.ITC Limited: Mrigaban Ray has sold 20,000 shares through Market Sale
on Mar 6, 2019.ITC Limited: P Mukherjee has sold 40,000 shares through Market Sale from Mar 6, 2019 to Mar 7, 2019.ITC Limited: Rajiv Tandon
has sold 40,000 shares through Market Sale from Mar 5, 2019 to Mar 6, 2019.ITC Limited: Rajnikant Rai has sold 20,000 shares through Market
Sale on Mar 6, 2019.ITC Limited: S
Mitra has sold 30,000 shares through Market Sale on Mar 6, 2019.ITC Limited: Sandeep Arun Sule has sold 20,000 shares through Market Sale on
Mar 6, 2019.ITC Limited: Soumitra Mukherjee has sold 50,000 shares through Market Sale on Mar 6, 2019.ITC Limited: Sudhir Mani has sold
40,200 shares through Market Sale on Mar 5, 2019.ITC Limited: Vikram Khosla has sold 37,000 shares through Market Sale on Mar 6,
2019.\nMahamaya Steel Industries Limited: Ramanand Agrawal Huf has sold 25,000 shares through Market Sale on Mar 5, 2019.Manappuram Finance
Limited: Vipul Patel has sold 22,875 shares through Market Sale on Mar 5, 2019.Pidilite Industries Limited: Jimeet D Sanghavi has sold
18,300 shares through Market Sale from Mar 5, 2019 to Mar 6, 2019.Rane Holdings Limited: T G Ramani (Late) has sold 61,452 shares through
others on Mar 1, 2019.RBL Bank Limited: Vishwavir Ahuja has sold 200,000 shares through Market Sale from Mar 6, 2019 to Mar 7, 2019.RBL Bank
Limited: Manish Gautam has sold 15,250 shares through Market Sale from Mar 6, 2019 to Mar 7, 2019.RBL Bank Limited: Neeta Mukerji has sold
15,000 shares through Market Sale on Mar 5, 2019.RBL Bank Limited: Topendra Bhattacharjee has sold 17,000 shares through Market Sale on Mar
6, 2019.Sadbhav Engineering Limited: Truptiben Nileshbhai Patel has sold 187,500 shares through Market Sale on Mar 6, 2019.Sadbhav
Engineering Limited: Rajshree Pritam Patel has sold 187,500 shares through Market Sale on Mar 6, 2019.Yes Bank Limited: Deodutta Raghunath
Kurane has sold 20,000 shares through Market Sale on Mar 1, 2019.Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations
1992.
Bulk and Block Deals :Blg TickersDateCompany NameAcquirer/SellerBuy /SellQty TradedPriceADVENZY08-Mar-19Advanced Enzyme Technologies
LimitedOrbimed Asia Iii Mauritius LimitedBuy11,053,248176.53ADVENZY08-Mar-19Advanced Enzyme Technologies LimitedMultiplex Capital
Ltd.Sell647,500181.56ADVENZY08-Mar-19Advanced Enzyme Technologies LimitedAtharva Green Ecotech
LlpSell6,964,700176.95ADVENZY08-Mar-19Advanced Enzyme Technologies LimitedChandrakant Rathi Innovations Projects Pvt
LtdSell1,166,880177.00BLJT08-Mar-19Balaji Telefilms LtdShobha Ravi KapoorBuy702,96487.00ESCORP08-Mar-19Escorp Asset Management LimitedPankaj
Piyush Trade And Investment LtdBuy328,00017.80ESCORP08-Mar-19Escorp Asset Management LimitedShah Mukeshkumar
BabulalSell240,00017.80GRAN08-Mar-19Granules India LtdKrishna Prasad ChigurupatiSell5,000,000101.08IHPM08-Mar-19INDSIL HYDRO POWER AND
MANGANESE LIMITEDJagartius UniversalSell141,13765.00LAURUS08-Mar-19Laurus Labs LimitedAmansa Holdings Private
LimitedBuy2,227,557350.00MILL08-Mar-19MEDICO INTERCONTINENTAL LIMITEDSanjay Jaykant ShahBuy25,500107.40MILL08-Mar-19MEDICO INTERCONTINENTAL
LIMITEDNaresh Jayantilal ShahSell25,500107.40PADI08-Mar-19PADMANABH INDUSTRIES LIMITEDRichi Dilip DoshiSell52,40096.15PPG08-Mar-19Poddar
Pigments LimitedIntegrated Enterprises (india) Private LimitedBuy115,000167.00PPG08-Mar-19Poddar Pigments LimitedIntegrated Investment
Management Services LlpSell115,000167.00SCHM08-Mar-19Sacheta Metals LtdAmit Kantilal KothariBuy228,00024.66SCHM08-Mar-19Sacheta Metals
LtdRajesh Suryakant GandhiBuy136,33724.45SCHM08-Mar-19Sacheta Metals LtdManoj Mahnot (huf) .Sell117,12124.20SCHM08-Mar-19Sacheta Metals
LtdBaba Bhoothnath Nirman Pvt LtdSell115,00024.20SICL08-Mar-19Sical Logistics LtdClaricent Advisory Services
LlpBuy2,000,000135.30SICL08-Mar-19Sical Logistics LtdGagandeep Credit Capital Pvt
Ltd.Sell2,003,570135.30SPII08-Mar-19Supreme Infrastructure India LtdClaricent Advisory Services LlpBuy680,00024.80SPII08-Mar-19Supreme
Infrastructure India LtdGagandeep Credit Capital Private LimitedSell680,00024.80SUEL08-Mar-19Suzlon Energy LtdShare India Securities
LimitedBuy456,0007.26ANUP08-Mar-19The Anup Engineering LimitedAvadh Material And Equipment Suppliers LlpBuy199,002550.80TMX08-Mar-19Thermax
LtdReliance Mutual FundBuy1,000,000940.00TMX08-Mar-19Thermax LtdImpax Environmental Markets PlcSell604,436940.02TRE08-Mar-19Triveni
Engineering and Industries LtdDhruv Manmohan SawhneyBuy1,739,00057.60TRE08-Mar-19Triveni Engineering and Industries LtdRati
SawhneySell1,739,00057.60VKEC08-Mar-19Vikas Ecotech LimitedMargi Jigneshbhai ShahBuy2,175,00011.45WPRO08-Mar-19Wipro LtdAzim Premji
TrustSell26,666,667256.58XELP08-Mar-19Xelpmoc Design and Tech LimitedThe Ram Fund LpBuy96,00067.50XELP08-Mar-19Xelpmoc Design and Tech
LimitedUniversity Of Notre Dame Du LacBuy254,00067.50XELP08-Mar-19Xelpmoc Design and Tech LimitedWashington University Chanakya Capital
PartnersSell448,51067.50Source: Edelweiss Alternative Research
