INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange were trading 13.50 points, or 0.12 per cent, higher at 11,575, indicating a positive
Here are a few stocks which may buzz the most in today’s trade:
TCS: Sequentially, the company’s revenue rose 1.6 per cent, missing
analysts’ expectations of more than 2 per cent growth
Revenue from banking and financial services rose 0.4 per cent in dollar terms, far below the company average.
InterGlobe Aviation: The feud
between the IndiGo promoters took a turn for the worse after one of the warring partners complained to Sebi about questionable corporate
governance practices, alleging that even a ‘paan ki dukaan’ would have handled things better.
Reliance Communications: A probe
commissioned by SBI has flagged transactions worth ₹5,500 crore in the books of Reliance Communications and two other Anil Ambani-led
Reliance Group entities for further investigation, four people with direct knowledge of the matter told ET.
Manpasand Beverages: Statutory
auditors resigned due to developments including investigation by goods and services tax authorities into company
Concor: Container Corporation of India and Bharat Heavy Electricals (BHEL) have entered into an agreement to set up rail-based logistics
terminal in Haridwar, Uttarakhand.
Ashok Leyland: Commercial vehicle major Ashok Leyland is ready with its electric vehicle strategy even as
it prepares to shift its entire model line to conform to BS VI emission norms from April 1, 2020, chairman Dheeraj G Hinduja said
NTPC: India's largest electricity producer has terminated contracts it had awarded to BGR Mining - Infra for development of its coal mines
in Jharkhand and Chhattisgarh over allegations of corruption against senior officials of the private mining company
HDFC, Indiabulls Housing: Realty developer Vatika Group has repaid debt worth Rs 500 crore to non-banking finance companies Housing
Development Finance Corporation (HDFC) and Indiabulls Housing Finance.
Jaypee Infratech: The National Company Law Appellate Tribunal (NCLAT)
on Tuesday reserved its order over the issue of Jaypee Infratech's land mortgaged by Jaiprakash Associates Ltd (JAL) to its lenders.
Tata
Communications: Tata Sons is grappling with what to do with lossmaking Tata Communications and one option being considered is to combine
some businesses of the digital infrastructure company with Tata Consultancy Services and sell off the rest, people familiar with the matter
said.
Bharti Airtel: Telecom operator Bharti Airtel said shares of its subsidiary Airtel Africa have been listed and admitted for trading on
Nigerian Stock Exchange and the London Stock Exchange (Premium Segment)
REC: The stock may see further action after it hit its biggest fall since November 2016 on Tuesday after the index maintenance
sub-committee of NSE indices decided to exclude the stock from the Nifty CPSE index of state-owned companies.
Adani Ports and Special
Economic Zone (APSEZ): The company said its board later this week will consider raising up to $700 million through foreign currency bonds
The bonds may be issued in various tranches, it said.
Max Financial Services: The company said it has not approached insurance regulator
Irdai with any proposal to sell 10 per cent stake in its insurance subsidiary Max Life to Axis Bank.
Zee Media: The company said its
managing director Ashok Venkatramani has resigned from the company
Venkatramani’s resgination will be effective from July 9
Insider Buys:No Buy entry reported for the day.Insider Sells:PC Jeweller Limited: Sachin Gupta has sold 28,03,627 shares through Market
Sale from Jul 2, 2019 to Jul 4, 2019.Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.
Bulk and Block Deals :Blg
TickersDateCompany NameAcquirer/SellerBuy /SellQty TradedPriceBCPC09-Jul-19B.C
Power Controls LimitedSiddharth Chimanlal ShahBuy350,50044.83BCPC09-Jul-19B.C
Power Controls LimitedDeepen Bharat ShahSell350,50044.83SHREESH09-Jul-19Shreeshay Engineers LimitedEmrald Commercial
LimitedBuy296,00016.80SHREESH09-Jul-19Shreeshay Engineers LimitedMukesh Commotrade LtdSell184,00016.80TALWGYM09-Jul-19Talwalkars Healthclubs
LimitedKamadgiri Exports Private LimitedBuy212,600103.85VDE09-Jul-19Vadilal Enterprises LtdSps Finquest Private
LimitedBuy6,001950.00VDE09-Jul-19Vadilal Enterprises LtdKalpana Pramod ShahSell6,001950.00Note:Insider Buy/Sell is as defined by SEBI
InsiderTrading Regulations, 1992 Bulk Deal is defined as any trade in which quantity transacted is more then 0.5% of the companies equity
shares listed on the exchanges
The above mentioned data is not completely Extensive as relatively smaller trades have been excluded.Source: Edelweiss Alternative Research