Stocks To Watch

Stocks To Watch

Coal India: Production in January declined 4.1% year-on-year to 60.5 million tonnes while Offtake declined 4.6% year-on-year to 53.3 million tonnes.

NMDC: Overall sales in the month of January up 26% year-on-year to 3.74 MT from 2.96 MT. Production up 16.6% to 3.86 MT from 3.31 MT.

V.S.T Tillers: Power Tillers sales in January up 14.56% year-on-year to 2,258 units from 1,971 units. Tractor sales up 25.38% year-on-year to 647 units from 516 units.

Torrent Power: To consider interim dividend at its board meeting on February 9. The record date for the interim dividend, if any will be February 17, 2021.

Filatex India: The Department of Scientific and Industrial Research of the Government of India has accorded recognition to in-house R&D unit of the company located in Gujarat. This registration will entitle the company’s R&D unit to avail customs/Central Excise duty exemption on the purchase/import of equipment, instruments, spares thereof, consumables etc. used for Research & Development activities. The said registration is valid upto March 31, 2023.

IRFC: To issue 155th Series of Secured Non-convertible Bonds through Private Placement during the current financial year amounting to Rs 500 crore plus green shoe option of Rs 2,500 crore.

PVR: Declared the closure of issue period for the QIP and approved the issue price for 55.5 lakh equity shares to be allotted to eligible QIBs at a price of Rs 1,440 per share, including a premium of Rs 1,430 per share which takes into account a discount of 3.74% per share on the floor price of Rs 1,495.93.

Indian Bank: The fully provided Non Performing Accounts of Cox & Kings, Era Infra Engineering, Supreme Tex Mart, RSAL Steel and Pune Buildtech have been declared as fraud and reported to RBI as per regulatory requirement.

Power Grid: Declared successful bidder under Tariff-based competitive bidding to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan under Phase-II, Part C on build, own operate and maintain basis.

Dhanuka Agritech: Promoters to sell 83,000 equity shares or 0.18% of total equity in order to comply with Minimum Public Shareholding Norms.

Centrum Capital: The company’s step-down subsidiary, Centrum Financial Services, a Non-Deposit taking Systematically Important NBFC, has made an offer for the revival and reconstruction of Punjab and Maharashtra Co-operative Bank to the administrators of the bank in response to their invitation to participate in the same. The offer would be evaluated by the bank and the Reserve Bank of India as per their process.

EPL: Has completed the acquisition of 72.46% equity shares of Creative Stylo Packs as per the Share Purchase Agreement dated November 12, 2020 executed between the company and the shareholders of CSPL. The final consideration for the said acquisition is Rs 167.5 crore. CSPL has become a subsidiary of the company post this transaction.

Sundaram Finance Holdings: Has approved the sale of its entire holding in TVS Investments, being 22.73 lakh equity shares of Rs 5 each, representing 14.98% of total equity, to Geeyes Family Holdings, for a total consideration of Rs 33 crore. The company will execute a Share Purchase Agreement with Geeyes Family Holdings for the purpose of effecting the transfer of shares.

ISGEC Heavy Engineering: Has received two orders – one for a Cement Waste Heat Recovery Boiler, and another for conducting Remnant Life Assessment study. The order for CWHRB is from a leading Cement manufacturer for their Plant site in Meghalaya. The order for conducting the RLA study has been received from a Steel major in Jharkhand for their three boilers.

Nifty Earnings: HDFC

Non-Nifty Earnings: Ajanta Pharma, Alkyl Amines Chemicals, BLS International Services, Balrampur Chini Mills, Carborundum Universal, Cera Sanitaryware, Dhampur Sugar Mills, Dhanuka Agritech, Dixon Technologies (India), EPL, Escorts, Greenlam Industries, Gujarat State Fertilizers & Chemicals, IIFL Wealth Management, Intellect Design Arena, Ion Exchange (India),