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Stocks in the news: YES Bank, M&M, Grasim, SBI, IDBI Bank and SAIL

DRL says it would keep focusing on emerging markets and India for business growth.

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Last Updated: Feb 10, 2020, 09.40 AM IST
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Life Insurance Corporation is keen to unlock value in IDBI Bank in the run up to the insurance behemoth's IPO
NEW DELHI: Nifty futures on the Singapore Exchange traded 19 points, or 0.16 per cent, lower at 12,065.50, indicating a weak start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Grasim, Oil India and GAIL: Grasim Industries, Oil India, GAIL, Indiabulls Real Estate, GIC, Bajaj Hindusthan Sugar, Bajaj Consumer Care, Bharat Forge, Balrampur Chini, MRF, Capacite Infraprojects, Dilip Buildcon, Eros International and Union Bank are among a few companies which will report their quarterly results today.

IDBI Bank: Life Insurance Corporation is keen to unlock value in IDBI Bank in the run up to the insurance behemoth's IPO, which is likely to happen in FY21, its Chairman M R Kumar said. Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year.

YES Bank: Shareholders of Yes Bank approved raising the private-sector lender’s authorised capital to Rs 1,100 crore at an extraordinary general meeting held in Mumbai, the bank said in a customary filing with local exchanges.

Mahindra & Mahindra: Home-grown auto major Mahindra & Mahindra (M&M) reported 73 per cent decline in consolidated net profit at Rs 380 crore for December quarter 2019 due to sluggish vehicle sales. The company had posted a profit after tax (PAT) of Rs 1,396 crore for the same quarter last fiscal, M&M said in a statement.

SAIL: The government is planning to sell 5 per cent stake in Steel Authority of India Ltd (SAIL) through an offer for sale, which could fetch about Rs 1,000 crore to the exchequer, an official said.

SBI, BoB and HDFC Bank: The three banks may receive over a third of Rs 25,000 cr that Reliance Jio Infratel plans to raise through a listing of business as an investment trust

Dr Reddy’s Labs: DRL says it would keep focusing on emerging markets (which includes Russia and the CIS countries) and India for business growth, organically and via acquisitions.

Tata Steel: Tata Steel reported a consolidated net loss of Rs 1,228.53 crore for the quarter ended on December 31, 2019, mainly due to lower sales and impairment provisions for its European operations. Tata Steel had posted a consolidated net profit of Rs 1,753.07 crore during the same quarter a year ago, the company said in a BSE filing.

Punj Lloyd: Founder Atul Punj has made an offer to banks to reclaim his company from ongoing insolvency proceedings at the NCLT.

DLF: Realty major DLF Ltd is eyeing around Rs 5,000 crore revenue over the next two years from sale of independent floors in Gurugram and Panchkula in Haryana.

JK Cement: The company reported more than two-fold growth in net profit to Rs 137.5 crore for the third quarter ending December 2019. The company had earned a profit of Rs 60.90 crore in the same quarter of last year.

Cipla:  Drug firm Cipla on Saturday said it has acquired four brands from Wanbury Ltd to strengthen its presence in the women's health segment.

RIL: Reliance Industries and its partner BP plc of UK will this month offer for sale more natural gas from its KG-D6 block to users as it prepares to put into production second wave of discoveries in the eastern offshore block.

HDFC Bank: Largest private sector lender HDFC Bank on Sunday announced the appointment of Anjani Rathor as its chief digital officer.

Insider Buys:
  • Elecon Engineering Company Limited: Bipra Investments & Trusts Private Limited has bought 33,000 shares through Market Purchase on Feb 6, 2020.
Insider Sells:
  • AU Small Finance Bank Limited: Namokar Mining Industries Llp has sold 24,697 shares through Market Sale on Feb 4, 2020.
  • ICICI Bank Limited: G.Srinivas has sold 25,000 shares through Market Sale on Feb 7, 2020.
  • Kotak Mahindra Bank Limited: T V Sudhakar has sold 20,000 shares through Market Sale on Feb 4, 2020.
  • Laurus Labs Limited: Srihari Raju Kalidindi has sold 3,52,851 shares through Market Sale from Feb 4, 2020 to Feb 5, 2020.
  • MindTree Limited: Pankaj Choudhary has sold 15,000 shares through Market Sale on Feb 3, 2020.
  • PVR Limited: Gautam Dutta has sold 25,000 shares through Market Sale on Feb 5, 2020.
  • PVR Limited: Nitin Sood has sold 30,857 shares through Market Sale on Feb 5, 2020.
  • Tourism Finance Corporation of India Limited: Redkite Capital Private Ltd. has sold 20,00,000 shares through Market Sale on Feb 5, 2020.
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
AAVAS 07-Feb-20 AAVAS Financiers Limited Kotak Fundsindia Midcap Fund Buy 887,082 1818.00
AAVAS 07-Feb-20 AAVAS Financiers Limited American Funds Insurance Series Global Small Capitalization Fund Buy 402,000 1818.00
AAVAS 07-Feb-20 AAVAS Financiers Limited Smallcap World Fund Inc Buy 1,534,000 1818.00
AAVAS 07-Feb-20 AAVAS Financiers Limited Lake District Holdings Limited Sell 3,660,700 1819.47
BVCL 07-Feb-20 Barak Valley Cements Ltd Bina Garodia Buy 200,000 12.80
BVCL 07-Feb-20 Barak Valley Cements Ltd Bijay Kumar Garodia Sell 200,000 12.80
CHCL 07-Feb-20 Cian Healthcare Limited Girija Amit Sharma Buy 162,000 18.60
CHCL 07-Feb-20 Cian Healthcare Limited Miker Financial Consultants Private Limited . Sell 162,000 18.60
HSI 07-Feb-20 HSIL LIMITED Paco Exports Ltd Buy 760,895 50.17
IHFL 07-Feb-20 Indiabulls Housing Finance Limited Tower Research Capital Markets India Private Limited Buy 17,814 321.70
JANUS 07-Feb-20 Janus Corporation Limited Satya Gupta Buy 87,000 47.38
MTEK 07-Feb-20 Mold-Tek Technologies Limited Uno Metals Limited Sell 340,000 46.00
RELHOME 07-Feb-20 Reliance Home Finance Limited Alpha Leon Enterprises Llp Buy 3,006,375 1.19
SADE 07-Feb-20 Sadbhav Engineering Ltd Norges Bank Ac Government Petroleum Fund Sell 909,000 117.92
SINF 07-Feb-20 Simplex Infrastructures Ltd Mitesh N Mehta Sell 316,000 54.25
SINTEX 07-Feb-20 Sintex Plastics Technology Ltd Entathur Veeraraghava Reddiar Perumalswami Sell 3,720,888 0.97
SNLL 07-Feb-20 Snowman Logistics Limited Rajasthan Global Securities Pvt Ltd Buy 879,054 43.66
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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