Stocks To Watch

Auto Stocks including M&M, Tata Motors, Bajaj Auto, Maruti Suzuki, TVS Motor, Hero MotoCorp and Ashok Leyland in focus: Companies will release their November sales data.

Hero Motocorp: The company appointed Michael Clarke as chief operating officer.

Future Consumer: Bennett, Coleman & Company reduced stake in the company to 4.25 percent from 6.33 percent via open market transaction.

HealthCare Global Enterprises: The company entered into a Share Purchase Agreement with Kamini A Rao and her family members (minority shareholders) for the acquisition of 46,695 Equity Shares aggregating to 49.9 percent in BACC. The company approved the appointment of Meghraj Arvindrao Gore as the CEO.

ICICI Lombard General Insurance Company: The company received in-principle approval of The Insurance Regulatory and Development Authority of India to the draft scheme of arrangement between the company and Bharti AXA General Insurance Company.

Fortis Healthcare: Aberdeen Standard Investments (Asia) Ltd increased its stake in the company to 5.02 percent from 4.96 percent via open market purchases.

Dr Reddy's Laboratories: To acquire select anti-allergy brands from Glenmark in Russia, Ukraine, Kazakhstan and Uzbekistan. The acquired brands represent two types of products - mometasone mono product and a combination of mometasone with azelastine, and are indicated for the treatment of Seasonal and Perennial Allergic Rhinitis.

Indiabulls Housing Finance: Sold further portion of its stake in OakNorth Bank Plc worth Rs 93 crore. Total funds raised so far since September now at Rs 2,670 crore, including QIP and stake sale.

TVS Motor: To acquire 100% stake in advanced fleet management solutions provider Intellicar Telematics for a cash consideration of Rs 15 crore.

HCC: Hindustan Construction Company, in a Joint Venture with Vensar Constructions has been awarded two separate contracts worth Rs 236 crore from the North East Frontier Railway. HCC's share in the JV stands at 55%.

India Grid Trust: Signs share purchase agreement to acquire 74% stake in Parbati Koldam Transmission from Reliance Infrastructure. The implied enterprise value for the same is Rs 900 crore and is subject to relevant approvals and completion of contractual obligations.

Kesoram Industries: Fund raising committee and board approve issuance of NCDs or OCDs aggregating to Rs 2,200 crore on a private placement basis. Approval has also been granted to convert loan worth Rs 100 crore into equity shares. The company will also issue zero coupon optionally convertible redeemable preference shares up to Rs 500 crore to existing lenders. Board has also decided to enhance the limit of fund raising plan up to Rs 3,000 crore through equity, debt or any method deemed fit.

Gufic Biosciences: Granted patent by the Eurasian patent office for invention of a 'freeze dried parenteral composition of tigecycline and process for preparation thereof. Tigecycline is a tetracycline antibiotic medication used for a number of bacterial infections and is used to treat certain serious infections including community acquired pneumonia.

SRF: The company's resin plant, set-up in Thailand by its wholly-owned subsidiary has been commissioned and capitalised at a cost of $19 million.

Premier Explosives: Wins contract worth Rs 14 crore from Ministry of Defence for supply of 26 mm Chaffs.

CSB Bank: Cuts MCLR across various tenors by 10 basis points, effective December 1, 2020.

Finolex Cables: Makes an addition to its portfolio with the launch of anti-bacteria fans.

Max Financial Services: IRDAI approves transfer of 39 crore equity shares constituting 20.57% of the paid-up equity share capital of Max Life Insurance Company Limited held by Mitsui Sumitomo Insurance Company Limited to Max Financial Services Limited in exchange for issuance of 7.54 crore equity shares of the parent of Rs 2 each at a price of Rs 565.11 on a preferential allotment basis, constituting 21.87% of issued and paid-up share capital. This will effectively result in Max Financial Services Limited's stake in Max Life increasing to 93.10%. Presently, it holds a 72.5% stake in Max Life and Mitsui Sumitomo owns 25.5% stake.

Punjab National Bank: Base rate cut by 15 basis points to 8.65% from 8.8%, effective from December 1, 2020.

Tata Steel Long Products: Tata Steel has completed the open market sale of 4.51 lakh shares between November 23-27. Tata Steel now holds 74.91% stake in the company, in compliance with the minimum public shareholding norms.

Odisha Mineral Development Corporation: Gets order from the Steel & Mines department of the Government of Odisha, allowing the company to dispose stock from its Bhadrasahi Iron & Manganese mining lease over 998.7 hectares.

Future Supply Chain Solutions: Appoints DMKH & Co. as statutory auditors.

Hero MotoCorp: Appoints Micheal Clarke as Chief Operating Officer with the additional role of Chief Human Resource Officer.