Stocks in the news

GAIL: Board meeting is scheduled on January 15 to consider the proposal of buyback of shares.

Tata Motors: Jaguar Land Rover's retail sales fell 9 percent YoY to 1,28,469 units in the October-December period but up by 13.1 percent on a QoQ basis.

Force Motors: Board has approved raising up to Rs 500 crore via NCDs.

Emami: MFs reduced stake in the company to 20.41% in December quarter, from 22.14% in the September quarter, while FIIs increased shareholding to 9.62% from 8.95% in same periods.

Cummins India: MFs reduced stake in the company to 17.12% in December quarter, from 18.63% in September quarter. Aditya Birla Sun Life Trustee and L&T Mutual Fund Trustee names did not appear in December quarter's shareholding pattern. LIC lowered its stake in the company to 6.12% from 6.74% in same periods.

Dishman Carbogen Amcis: Promoter Adimans Technologies LLP will sell 3.87% stake in the company via offer for sale on January 12-13, with an option to additionally sell up to 2.05% shares

Dr Reddy's Laboratories: Independent Data Safety and Monitoring Board has reviewed the safety data from Phase 2 clinical trial of the Sputnik V vaccine and recommended the phase 3 recruitment and to continue to the trial without any modifications. The DSMB concluded that no safety concerns were identified and that the study has met primary endpoints of safety. The data has been submitted to the DCGI for review and approval to continue phase 3 clinical trials.

Tata Motors: Jaguar Land Rover reported second successive quarter-on-quarter recovery in retail sales in 2020. The retail sales rose 13.1% to 1.28 lakh units from 1.13 lakh units in the preceding quarter and declined 9% year-on-year during the October-December period. China sales rose 19.1% year-on-year and 20.2% on the prior quarter. Retail sales in North America rose 31.7% and 20.5% in Europe on the prior quarter. However, the luxury carmaker said that sales in America, Overseas and Europe are yet to recover to pre-Covid levels.

Thyrocare Technologies: Saw significant business revival in Q3 after business activities resumed across all states. The non-Covid business in particular is showing growth after the end of the festive season. Marketing campaigns launched to promote preventive healthcare packages are showing promising results. Q3 in general is observed to be the least contributing quarter to the annual topline historically, though this year, revival of business coupled with aggressive marketing has enabled us to achieve about 34% YoY growth in the quarter. Covid RTPCR tests continue to contribute in terms of volume of tests performed in Q3.

Tata Communications: Rekha Rakesh Jhunjhunwala acquires 1.12% stake in the company during the October-December period

Dishman Carbogen Amcis: Promoter Adimans Technologies to sell up to 60.71 lakh shares of face value of Rs 2 each through an Offer for Sale. The shares to be sold represent 3.87% of the total issued and paid-up equity share capital of the company. The company retains an oversubscription option of 32.14 lakh shares of face value of Rs 2 each or 2.05% of the total equity. OFS for non-retail investors to open on January 12 and for Retail Investors on January 13. The Floor Price for the offer will be Rs 140 per share which is on par with Monday's closing price.

DCM Shriram: The Board of Directors will consider payment of interim dividend for the financial year 2020-21 on January 19. The record date for the purpose of interim dividend, if approved, will be January 28.

GMM Pfaudler: A meeting of Board of Directors is scheduled to be held on January 20 to consider and approve payment of third interim dividend for the financial year 2020-21, if any. Record date for the payment third interim dividend, if any shall be January 29, 2021.

GAIL: A meeting of Board of Directors will be held on January 15 to consider buyback of the fully paid-up equity shares of face value of Rs 10 each and declare interim dividend for the financial year 2020-21.

SRF: A meeting of Board of Directors is scheduled to be held on January 21 to consider a proposal relating to declaration of second interim dividend for financial year 2020-21. The Record date for the payment of interim dividend, if any will be February 1.

Force Motors: The Board of Directors has approved the issuance of NCDs of up to Rs 500 crore on private placement basis.

Union Bank of India: Has allotted unsecured fully paid-up Basel-Ill compliant debt instruments in the nature of Debentures eligible for inclusion in Additional Tier-1 Capital Series XXVlll aggregating to Rs 1000 crore on January 11.

Greenlam Industries: A company under the name Greenlam Poland LLC has been incorporated on January 8 in Republic of Poland, to carry out the business of marketing and distribution of decorative laminates and other paper and wood based products. Greenlam Asia Pacific, a wholly-owned subsidiary of the company, holds 99% shares in Greenlam Poland LLC, and balance 1% share is held by Greenlam Industries.