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Stocks in the news: YES Bank, Vodafone Idea, Shree Cement, Vedanta and Bharti Airtel

Centrum maintained its ‘buy’ rating on Pfizer with a target price of Rs 5,000.

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Last Updated: Feb 19, 2020, 08.29 AM IST
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Motilal OSwal Securities has upgraded its rating on JSW Energy to ‘buy’ with a target price of Rs 78.
NEW DELHI: Nifty futures on the Singapore Exchange traded 23 points, or 0.19 per cent, higher at 12,041.50, indicating a positive start for Dalal Street. Here are a few stocks, which may buzz the most in today’s trade:

YES Bank, Shree Cement, Ashok Leyland: Shree Cement will replace private lender Yes Bank in the benchmark index Nifty 50 from March 27, NSE Indices, a subsidiary of the National Stock Exchange (NSE), said on Tuesday. Further, Vodafone Idea, Ashok Leyland, Indiabulls Housing Finance, L&T Finance Holdings and Shree Cement will be dropped from Nifty Next 50, NSE Indices.

Vodafone Idea: The government is unlikely to invoke Vodafone Idea’s bank guarantees for now, even as the officials of the telecom and finance ministries met Cabinet Secretary Rajiv Gauba to discuss ways to ensure that the sector retains three private players, officials said.

Vedanta: The company is preparing to sell long-term bonds for the first time in the Indian market, with LIC set to purchase the entire Rs 2,000 crore worth 10-year paper on offer

Bharti Airtel: The telecom operator’s AGR bill is set to increase, with the telecom department likely to add a bulk of Videocon Telecommunications' Rs 2,041 crore dues to it.

RIL: Mukesh Ambani's Reliance Industries (RIL) and Saudi Aramco have fast-tracked the discussions for a stake sale to the Saudi oil major. The two companies had signed an MoU for Saudi Aramco to acquire 20 per cent stake in RIL's oil to petrochemicals division.

Infosys: The IT major said it has entered into a long-term strategic partnership with GE Appliance, a Haier company, to streamline the latter's IT operations.

UCO Bank: The state-run lender is aiming to come out of the RBI's prompt corrective action (PCA) framework by March 2020 by turning profitable and also reducing its quantum of NPAs.


Jet Airways: Grounded operator's Committee of Creditors (CoC) decided to extend the deadline for submission of bids to March 10 as a new entity has evinced interest in the airline, according to a source.

HCL Tech: IT services firm HCL Technologies said it will open a Global Delivery Center (GDC) in Hartford, Connecticut to offer digital transformation services to clients in smart manufacturing, insurance, aerospace, and defense industries.

Triveni Turbine: NCLAT has referred the ongoing dispute between GE and Triveni Turbine over their joint venture back to the Bengaluru bench of NCLT.

ANALYST CALLS
Pfizer: Centrum maintained its ‘buy’ rating on Pfizer with a target price of ₹5,000. Even as Pfizer’s third quarter results were below estimates largely due to lower than estimated Ebitda, net profit came in line with estimates on account of lower tax rate. Also, the company expects better performance from recently launched Zavicefta and upcoming products.

SBI: • Axis Securities has assigned ‘buy’ rating to State Bank of India(SBI) with a target price of ₹357. The brokerage said with resolutions beginning to pick, SBI remains a key beneficiary. Standard exposure to vulnerable sectors remains a source of potential stress, however the extent of incremental stress is expected to be considerably lower than before.

JSW Energy: Motilal OSwal Securities has upgraded its rating on JSW Energy to ‘buy’ with a target price of ₹78. The company signed a share purchase agreement to acquire GMR Kamalanga through a deal that is valued at a maximum amount of ₹5300 crore. This transaction will be value accretive for JSW, given the strategic location of the plant, room for merchant volumes, and the company’s ability to reduce interest.

Engineers India: • Anand Rathi has maintained its ‘buy’ rating on Engineers India (EIL) with a target price of ₹123. The brokerage said it remains positive on the company on account of sizeable growth potential in sector, huge imminent capex in hydrocarbon sector, assetlight business model, debtfree balance-sheet, healthy revenue and earnings growth and robust return ratios.

Godrej Properties: ICICI Securities has maintained its ‘sell’ rating on Godrej Properties with a target price of ₹1,113. The company has an aggressive pipeline of 7-8 launches lined up in Q4FY20 of which it has already launched projects such as RK Studios, Mumbai and many projects in NCR and Bengaluru.

Insider Buys:
  • Action Construction Equipment Limited: Mr. Vijay Agarwal has bought 36,167 shares through Market Purchase from Feb 12, 2020 to Feb 14, 2020.
  • Godrej Agrovet Limited: Godrej Industries Limited has bought 16,10,000 shares through Market Purchase on Feb 14, 2020.
Insider Sells:
  • Adani Power Limited: Mahadevia Malay Rameshchandra Huf has sold 1,46,000 shares through Market Sale on Feb 12, 2020.
  • Coromandel International Limited: Amir Alvi has sold 20,000 shares through Market Sale on Feb 13, 2020.
  • Coromandel International Limited: Manoj Kumar Agarwal has sold 16,325 shares through Market Sale on Feb 13, 2020.
  • IIFL Finance Limited: Prabodh Agrawal has sold 3,81,019 shares through Market Sale on Feb 14, 2020.
  • Infosys Limited: Infosys Employee Benefits Trust has sold 15,430 shares through Off Market on Feb 12, 2020.
  • InterGlobe Aviation Limited: Ashim Kumar Mittra has sold 17,000 shares through Market Sale on Feb 12, 2020.
  • JSW Steel Limited: Jsw Steel Employees Welfare Trust ? Esop Plan 2016 A\/C has sold 42,000 shares through Market Sale on Feb 14, 2020.
  • Persistent Systems Limited: Rama Purushottam Foundation has sold 19,058 shares through Market Sale on Feb 14, 2020.
  • R Systems International Limited: Mandeep Singh Sodhi has sold 35,000 shares through Market Sale from Feb 12, 2020 to Feb 13, 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
AMBORG 18-Feb-20 Ambani Organics Limited Aryaman Capital Markets Limited Buy 104,000 60.76
AMBORG 18-Feb-20 Ambani Organics Limited Overskud Multi Asset Management Private Limited Sell 104,000 60.76
BVCL 18-Feb-20 Barak Valley Cements Ltd Bina Garodia Buy 196,730 12.75
BVCL 18-Feb-20 Barak Valley Cements Ltd Bijay Kumar Garodia Sell 200,000 12.75
IGLY 18-Feb-20 India Glycols Ltd Gladiator Vyapaar Pvt Ltd Buy 90,000 336.79
NJCC 18-Feb-20 NCC Limited Tower Research Capital Markets India Private Limited Sell 123,453 39.65
SKSTEX 18-Feb-20 S K S Textiles Limited Sajankumar Rameshwarlal Bajaj Buy 85,000 47.00
SKSTEX 18-Feb-20 S K S Textiles Limited Apurv Yogeshkumar Shah Sell 85,000 47.00
TTCH 18-Feb-20 Tata Chemicals Ltd Tata Sons Private Limited Buy 2,752,662 755.00
TTCH 18-Feb-20 Tata Chemicals Ltd Ewart Investments Limited Sell 1,369,290 755.00
YES 18-Feb-20 Yes Bank Ltd Srajan Shetty Buy 16,000,000 34.89
YES 18-Feb-20 Yes Bank Ltd Tower Research Capital Markets India Private Limited Buy 1,122,936 34.73
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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