Closing Index

 14 Dec 2020 

BSE CLOSED @ 46253.46 ✅ 154.45 Points 

NSE CLOSED @ 13558.15 ✅ 44.30 Points 

BankNifty Closed 30745.90 ✅ 141.05 Points 

India VIX Closed 19.4025 ✅ 0.6125 Points.

New Listing -- Burger King

 BURGER KING

BSE / NSE BURGER KING

CODE : 543248 / 1494

GROUP : B / EQ 

FV : 10

ISSUE PRICE : 60

ISIN : INE07T201019

Stocks To Watch

Power Grid: Board of Directors approve payment of interim dividend of Rs 5 per equity share for FY21. The dividend will be paid on January 8, 2021.

Cipla: Announced the settlement of its litigation with Celgene Corporation, and wholly-owned subsidiary of Bristol Myers Squibb relating to patents for REVLIMID (lenalidomide). As part of the settlement, the parties will file Consent Judgments with the United States District Court for the District of New Jersey that enjoin Cipla from marketing generic lenalidomide before the expiration of the patents-in-suit, except as provided for in the settlement. In settlement of all outstanding claims in the litigation, Celgene has agreed to provide Cipla with a license to Celgene’s patents required to manufacture and sell certain volume-limited amounts of generic lenalidomide in the United States beginning on a confidential date that is some time after the March 2022.

KEC International: Has secured new orders of Rs 1,438 crore across its various businesses. The company secured orders of Rs 475 crore in the urban infra/emerging segments in India and orders of Rs 383 crore for infra works from private players in the chemical, cement and residential segments and a government order in the water pipeline segment. Further the company secured orders of Rs 362 crore for T&D projects in Middle East and the Americas and orders of Rs 218 crore for various types of cables/ cabling projects in India and overseas.

Delta Corp: Received approval from the Goa Investment Promotion and Facilitation Board for setting up of an integrated resort consisting of hotels, convention centre, multiplex cinema, retail area, electronic casino, water park and other facilities at Pernem, Goa.

Adani Power: Maharashtra Electricity Regulatory Commission has announced two consequential orders at the direction of the Appellate Tribunal of Electricity, regarding appeals filed by the company's wholly-owned subsidiary Adani Power Maharashtra. The receipt of the present order, Adani Power Maharashtra will now file revised compensation claims with MSEDCL to the extent of clarification given by APTEL on the technical parameters to be considered in the methodology of computation.

Eclerx: Enters into a interest purchase agreement to acquire 100% stake in Eclipse Global Holdings, a company based in Texas, through its wholly-owned subsidiary eClerx LLC, USA. The transaction is expected to close by December 29, 2020 and is valued at $34 million. Earnouts maybe payable for the next two years based on revenue and profitability targets.

Burger King India: Listing on the bourses today. Issue saw overall subscription of over 150 times.

JSPL: Standalone production rises 15% year-on-year in November. Exports contributed 21% of the total sales volumes with 1.19 lakh tonnes. The company's MD VR Sharma said that with domestic markets recovering, the company is focusing more on value-added products.

Central Bank of India: Capital Raising Committee of the Board of Directors have considered and approved the proposal for raising capital funds up to Rs 500 crore by issuance and allotment of NCDs, unsecured, Basel-III compliant Tier-2 bonds in the nature of promissory notes.

Union Bank: To issue Basel-III compliant perpetual debt instruments in the nature of debentures eligible for inclusions in AT-1 capital series of Rs 500 crore with a green shoe option up to Rs 1,000 crore on a private placement basis. The coupon rate for the same will be 8.73% per annum.

JK Paper: The Sirpur Paper Mills, a subsidiary of the company, has resumed its production operations at its manufacturing facility at Sirpur-Kaghaznagar, Telangana, which was temporarily suspended.

Zuari Global: Has acquired 100% shares of Zuari Insurance Brokers from Zuari Finserv, a wholly-owned subsidiary of the company. The company has acquired 27.50 lakh shares of face value of Rs 10 each in the paid up share capital of ZIBL for Rs 7.89 crore. The acquisition is proposed to be completed within 60 days from the date of execution of Share Purchase Agreement.

Max Ventures and Industries: The company has issued a continuing guarantee in favour of Catalyst Trusteeship for securing the term loan facility of principal amount of Rs 240 crore availed by Max Square from IndusInd Bank. 

Rate of interest shall be as mutually agreed between IndusInd Bank and Max Square from time to time.

Zensar Technologies: The board has appointed Ajay Bhutoria as CEO and MD-designate after Sandeep Kishore's five-year term ends on January 11, 2021.

Muthoot Finance: Moody's investor service reaffirms Corporate Family Rating at Ba2. Outlook has been revised to stable from negative.

Bharti Infratel: Has informed the exchanges of change of name to Indus Towers Ltd. Gets approval from the Registrar of Companies and NCLT of Delhi and Haryana for the name change.

Yes Bank: Sold 15 lakh equity shares or 2.56% of total equity in Sical logistics. 

Fno Ban Stocks 14.12.2020

 Stock under F&O ban on NSE 14-Dec-20

1 CANBK

2 PNB

Corporate Actions

Today's Corporate Action 14th Dec Ex Date

GOODYEAR Interim Dividend - Rs. - 80.0000

Today's Key Results/Board Meetings 14-Dec-20

AANCHALISP Quarterly Results

ABHICAP General

ADROITINFO General

INDSUCR Quarterly Results

ISMTLTD Quarterly Results

QGO General

SHIVACEM Increase in Authorised Capital;Preferential Issue of shares