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NEW DELHI: Nifty futures on the Singapore Exchange were trading 12.50 points, or 0.11 per cent, lower at 11,569.50, indicating a negative start for Dalal Street.
Here are a few stocks which may buzz the most in today’s trade:
KPR Mill: The company, which withdrew its Rs 263.31-crore proposed buyback plan on Thursday, became the first company to cancel the repurchase of shares after the government imposed a tax of 20% in the Union budget last week.
DHFL: Debenture holders of Dewan Housing Finance Corp.
Ltd (DHFL) agreed to sign an inter-creditor agreement (ICA) after chairman Kapil Wadhawan sought their backing for the plan on Thursday, said people with knowledge of the matter.
Cox - Kings: Travel firm Cox - Kings Thursday said Care Ratings has downgraded ratings of the company's long-term facilities and a commercial paper issue totalling Rs 3,445 crore to status of being in or expected to be in default.
Infosys, IndusInd Bank: Both the companies will report June quarter results today.
Infosys is expected to report 2-3 per cent sequential rise in revenue growth in constant currency (CC) terms, retaining its growth guidance of 7.5-9.5 per cent for the full year.
IndusInd numbers would not be comparable as the lender would incorporate financials of the merged Bharat Financial into the first quarter estimates.SBI: State Bank of India has put up for sale two financial assets to asset reconstruction companies, NBFCs and other financial institutions to recover dues of more than Rs 309 crore.
RCom: Lenders to Anil Ambani-led Reliance Group entities are initiating a forensic audit of the books of Reliance Communications (RCom) and two other group entities for a period of nearly five years, four people aware of the development told ET.
Reliance Infrastructure, Reliance Power: The two companies got a respite from lenders, who granted them more time to resolve debt issues, triggering a rise in the shares of the two Anil Ambani-led firms.
Infibeam Avenues: The e-commerce firm said it will seek shareholder nod for the removal of EY-affiliate SRBC - Co as one of its joint statutory auditors through a special resolution, in compliance with the order from the corporate affairs ministry.
Shriram Transport Finance: The company has raised $250 million in an overseas bond sale, saving about 50 basis points in funding costs in the latest offer that coincided with plunging global yields.
InterGlobe Aviation: The government wants market regulator Sebi to probe the role of all board members and every entity associated with the two main promoter groups of InterGlobe Aviation and take strict action for all wrongdoings, officials said.
3i Infotech: The IT solutions provider said it has formed a step-down subsidiary in the Netherlands to tap business opportunities and to cater to the customers in that region.
Torrent Pharma: Ahmedabad-based Torrent Pharmaceuticals will market Glenmark Pharmaceuticals’ anti-diabetic drug Remogliflozin in India, a move that marks the beginning of Indian companies teaming up for co-licensing partnerships.
Insider Buys:Madhya Bharat Agro Products Limited: Ostwal Phoschem (India) Limited has bought 30,000 shares through Market Purchase from Jul 5, 2019 to Jul 9, 2019.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 TradedPriceCPML11-Jul-19City Pulse Multiplex LimitedVijeta Broking India Private LimitedBuy248,00029.46KCI11-Jul-19Kaycee Industries LtdSalzer Electronics LtdBuy45,8993475.00KCI11-Jul-19Kaycee Industries Ltd2015 Grover Family TrustSell45,8993475.00NRYS11-Jul-19Narayani Steels LimitedEuro Plus Capital LimitedBuy85,65049.53RCAPT11-Jul-19Reliance Capital LtdCrossland Trading CoBuy52,88158.45TFCI11-Jul-19Tourism Finance Corporation of India LtdClub Millionaire Financial Service Private LimitedSell472,08669.43Note:Insider Buy/Sell is as defined by SEBI Insider Trading 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
