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Stocks in the news: YES Bank, Mindtree, DLF, M&M, Canara Bank and GAIL

Baring PE Asia has emerged as the sole bidder to acquire a controlling stake in CanFin Homes.

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Last Updated: Nov 08, 2019, 08.22 AM IST
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Bombay High Court directed DHFL promoters Dheeraj and Kapil Wadhawan to stay in the country.
NEW DELHI: Nifty futures on the Singapore Exchange traded 52 points, or 0.43 per cent, lower at 12,006.50, indicating a gap-down start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Earnings today: Nestle India, Mahindra & Mahindra, GAIL, Eicher Motors, Bank of Baroda, IDBI Bank, MRF, Ashok Leyland, Bharat Forge, Tata Power and Ashok Leyland are among some of the firms that will declare Q2 earnings later in the day.

MSCI India inclusion: Berger paints, DLF, HDFC AMC, ICICI Prudential Life, IGL Info Edge, SBI Life Insurance and Siemens India.

MSCI India exclusion: YES Bank, BHEL, Glenmark, Indiabulls Housing Finance, L&T Finance and Vodafone Idea.

Mindtree: The technology firm said that the CFO Pradip Kumar Menon has resigned. The company said Menon will be relieved from the services on November 15.

Canara Bank: Baring PE Asia has emerged as the sole bidder to acquire a controlling stake in CanFin Homes, a Canara Bank subsidiary. Two other contenders Aditya Birla Capital and Warburg Pincus pulled out on Thursday.

DHFL: The Bombay High Court directed DHFL promoters Dheeraj and Kapil Wadhawan to stay in the country until the mid-month hearing in a case filed by its creditor, 63 Moons Technologies.

InterGlobe Aviation: Qatar Airways said that it is interested in investing only in IndiGo, and not Air India, but that it is not the right time to invest in the private carrier.

CG Power: The board of fraud-hit CG Power & Industrial Solutions has sought a moratorium of 18-24 months from lenders to help revive the company and repay its “legitimate” loans. Meanwhile, the government has ordered a probe by SFIO into the affairs of CG Power and its associate entities.

Raymond: The company will demerge its core lifestyle business and list it as a separate entity. This will create two separate companies and the new entity will house the core branded textile, branded apparel and garment businesses.

Adani Transmission: The company aims to raise up to $500 million (about Rs 3,500 crore) through the issue of foreign currency bonds to refinance its debt.

DLF: The realtor reported a 19 per cent increase in consolidated net profit at Rs 445.85 crore for the second quarter of this fiscal year, mainly on lower expenses, and announced appointment of Vivek Anand as the group chief financial officer (CFO).

Thomas Cook: Travel services provider Thomas Cook (India) reported a consolidated net profit of Rs 4.26 crore in the second quarter ended September 30.

Corporation Bank: State-run Corporation Bank said it will raise up to Rs 1,000 crore by issuing Basel III compliant bonds on a private placement basis.

Aditya Birla Capital: Aditya Birla Capital posted a consolidated net profit of Rs 256 crore for the second quarter ended September, up 37 per cent from a year ago.

Indraprastha Gas: The city gas distributor in the national capital and adjoining cities reported more than doubling of its September quarter net profit on lower tax rate and rise in gas sales.

Puravankara: The realty firm reported a 28 per cent increase in consolidated net profit to Rs 27.5 crore for the September quarter on higher sales.

HPCL: The company reported a 3 per cent drop in its second-quarter net profit as refinery margins halved and the company posted lower inventory gains.

United Breweries: The company reported a 29.39 per cent decline in consolidated net profit at Rs 114.78 crore in the second quarter ended September 30.

GlaxoSmithKline Consumer Healthcare: The companyposted 25.34 per cent increase in net profit at Rs 345.31 crore for the second quarter ended September 30.

RIL: Reliance Industries said its arm Reliance Strategic Business Ventures Limited (RSBVL) has increased its stake in US-based SkyTran Inc to 17.37 per cent.
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Insider Buys:
  • Oriental Hotels Limited: Dodla Amit Reddy has bought 22,453 shares through Market Purchase from Sep 26, 2019 to Nov 5, 2019.
  • Zensar Technologies Limited: Rpg Ventures Limited has bought 31,520 shares through Market Purchase on Nov 4, 2019.
Insider Sells:
  • BIRLASOFT LIMITED: Anil Nashikkar has sold 16,000 shares through Market Sale on Oct 18, 2019.
  • HDFC Asset Management Company Limited: Kiran Kaushik has sold 15,000 shares through Market Sale on Nov 5, 2019.
  • HDFC Asset Management Company Limited: Naveen Gogia has sold 21,387 shares through Market Sale on Nov 4, 2019.
  • ICICI Bank Limited: Anindya Banerjee has sold 25,000 shares through Market Sale on Nov 5, 2019.
  • ICICI Bank Limited: Anupam Verma has sold 23,610 shares through Market Sale on Nov 5, 2019.
  • ITC Limited: Nakul Anand has sold 1,00,000 shares through Market Sale on Nov 5, 2019.
  • ITC Limited: Sachin Sahay has sold 62,010 shares through Market Sale on Nov 4, 2019.
  • ITC Limited: Sumitro Guha has sold 18,850 shares through Market Sale on Nov 5, 2019.
  • Mold-Tek Packaging Limited: A Durga Sundeep has sold 45,000 shares through Market Sale on Oct 31, 2019.
  • Solara Active Pharma Sciences Limited: Chaitanya Vaidya has sold 36,000 shares through Market Sale on Nov 4, 2019.
Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

Bulk and Block Deals :
Blg Tickers Date Company Name Acquirer/Seller Buy /Sell Qty Traded Price
AIRAN 07-Nov-19 Airan Limited Fortune Investment Buy 2,225,000 12.15
AIRAN 07-Nov-19 Airan Limited Global Trading And Investment Sell 2,215,688 12.15
ASTRON 07-Nov-19 Astron Paper & Board Mill Limited Euro Plus Capital Limited Sell 280,974 41.09
ASTRON 07-Nov-19 Astron Paper & Board Mill Limited Shah Niraj Sell 270,024 41.19
IHFL 07-Nov-19 Indiabulls Housing Finance Limited Tower Research Capital Markets India Private Limited Sell 33,877 241.61
JKIL 07-Nov-19 J Kumar Infraprojects Ltd Hdfc Mutual Fund Buy 1,035,000 150.50
JKIL 07-Nov-19 J Kumar Infraprojects Ltd Smallcap World Fund Inc Sell 689,814 150.50
PRSMJ 07-Nov-19 Prism Johnson Limited Government Pension Fund Global Sell 4,512,647 73.00
SINT 07-Nov-19 Sintex Industries Ltd Idbi Trusteeship Services Ltd Sell 7,152,031 0.58
YES 07-Nov-19 Yes Bank Ltd Tower Research Capital Markets India Private Limited Buy 908,016 67.83
Note: 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. )Edelweiss Alternative Research)
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