To Watch

Stocks To Watch

Eicher Motors: Board has re-appointed Siddhartha Lal as Managing Director for five years. The Board has approved a revised remuneration structure for Lal with a maximum cap of 1.5% of profits. Specific details of the remuneration to be shared via the postal ballot. The Board to go back to shareholders for approval through postal ballot.

Maruti Suzuki India: The Competition Commission of India has imposed a penalty of Rs 200 crore on the company for restricting discounts by dealers. The company was penalised for “indulging in anti-competitive conduct of Resale Price Maintenance in the passenger vehicle segment by way of implementing Discount Control Policy vis-à-vis dealers,” the regulator said. CCI has also directed the company to cease and desist from indulging in anti-competitive practices.

Canara Bank: Raised Rs 2,500 crore through QIP. The Board of Directors of the bank approved closure of the issue period for QIP on August 23 and the issue price of Rs 149.35 per equity share. The issue price is at a discount of 4% to the floor price of Rs 155.58 per equity share.

Punjab & Sind Bank: Appropriated accumulated losses of Rs 3,577.55 crore from Share Premium Account of the bank.

Indian Hotels Company: Approved raising up to Rs 3,000 crore via rights issue. The Board also approved the formation of a Committee of Directors to decide on the terms and conditions of issue including the rights entitlement ratio, the issue price, record date, timing of the rights issue and other related matters.

Paisalo Digital: Board to meet on August 31 to consider raising funds via issue of unsecured NCDs through private placement basis.

Adani Green Energy: Board to meet on August 26 to consider raising funds via issue of securities including any senior secured or unsecured, senior or subordinated NCDs or any other permissible debt securities or by way of external commercial borrowings.

Adani Enterprises: Ordefence Systems, a step-down subsidiary of the company, has incorporated a company named PLR Systems (India). It has been incorporated with the objective to undertake the manufacture of defence and security equipment.

JSW Steel: ICRA has upgraded the credit rating of Long-Term Bank Facilities and NCDs to AA/stable from AA-.

Cadila Healthcare: Aims to make 100M-120M Covid vaccine doses annually.

New Listing

Aptus Value Housing to start trading after IPO gets 17.2 times demand

Chemplast Sanmar to start trading after IPO gets 2.17 times demand 

New Listings Aptus & Chemplasts

 NEW LISTINGS :

APTUS VALUE HSG FIN I LTD

ABB : APTUS

CODE : 543335 / 5435

GROUP : B / EQ

ISIN : INE852O01025

FV : 2.00

ML : 1

ISSUE PRICE : 353 

CHEMPLASTS SANMAR LIMITED

ABB : CHEMPLASTS

CODE : 543336 / 5449

GROUP : B / EQ

ISIN : INE488A01050

FV : 5.00

ML : 1

ISSUE PRICE : 541

Fno Ban Stocks 24.08.2021

Stock under F&O ban on NSE 24-Aug-21

1 CANBK 

2 IDEA 

3 NMDC 

4 SUNTV

Corporate Actions / Key Results

Today's Corporate Action 24th  Aug Ex Date

DATAMATICS Interim Dividend - Rs. - 2.5000

INDOBORAX Final Dividend - Rs. - 10.0000

NATCOPHARM Interim Dividend - Rs. - 2.0000

PRECWIRE Final Dividend - Rs. - 2.0000

RTL Interim Dividend - Rs. - 1.0000

SUNDARMFIN Final Dividend - Rs. - 6.0000

Today's Key Results/Board Meetings 24-Aug-21

AML A.G.M.;Issue Of Warrants;General

BINDALEXPO A.G.M.;General

CNIRESLTD A.G.M.

DILIGENT Quarterly Results

DYNAMICP A.G.M.;General

FRONTCORP A.G.M.

GEMSPIN A.G.M.

GILLETTE Audited Results;Final Dividend

GOKEX Increase in Authorised Capital;Preferential Issue of shares

GVKPIL Audited Results

ITDC Quarterly Results

RELTD General

SUJALA General

TRINITYLEA A.G.M.;General

VOLTAMP General 

IN News

Stocks in News

Sical Logistics: The fifth meeting of the committee of creditors has been scheduled for August 25 through video conferencing. 

Nandan Denim: Brickworks Ratings India has revised the outlook of the rating of long-term facilities of the company. 

KPI Global: The company has successfully commissioned a new capacity of 5.44 MW (DC) in its existing solar power plant at Village-Sudi & Tancha, Ta-Amod, District- Bharuch. 

Atul Auto: Credit rating agency CRISIL has assigned CRISIL A-/ Stable (downgraded from CRISIL A/Stable) to long-term bank facilities and CRISIL A2+ (downgraded from CRISIL Al) to short term bank facilities of the company. 

Sanghvi Movers: ICRA upgraded the long-term rating to ICRA A from ICRA A- and also upgraded the short-term rating to ICRA A1 from ICRA A2-. 

Eicher Motors: Siddhartha Lal has been reappointed as managing director of the company with effect from May 1, 2021. 

NR Agarwal Industries: Production at Unit 2 (writing and printing) of the company has been temporarily shut down due to the lack of market orders.

Market Movers

Here are some events to watch this week:

U.S. Markit manufacturing PMI and existing home sales Monday

Bank of Korea policy decision; briefing by Governor Lee Ju-yeol Thursday

Fed officials attend the Jackson Hole Economic Policy Symposium from Thursday through Saturday

U.S. GDP, initial jobless claims Thursday

July U.S. personal income and spending data Friday. Investors will scrutinize the personal consumption expenditures price index, an inflation measure closely watched by the Fed.

Some of the main moves in markets:

Stocks

The S&P 500 rose 0.9% as of 4:01 p.m. New York time

The Nasdaq 100 rose 1.5%

The Dow Jones Industrial Average rose 0.6%

The MSCI World index rose 1.1%

Currencies

The Bloomberg Dollar Spot Index fell 0.5%

The euro rose 0.4% to $1.1748

The British pound rose 0.8% to $1.3731

The Japanese yen rose 0.1% to 109.67 per dollar

Bonds

The yield on 10-year Treasuries was little changed at 1.25%

Germany’s 10-year yield advanced one basis point to -0.48%

Britain’s 10-year yield advanced one basis point to 0.53%

Commodities

West Texas Intermediate crude rose 5.3% to $65.44 a barrel

Gold futures rose 1.3% to $1,807.40 an ounce