Closing Indices

21 FEB 22 

Bse Sensex Closed @ 57683.59 ❌ 149.38 Points 

Nse Nifty Closed @ 17206.65 ❌ 69.65 Points 

Bank Nifty Closed @ 37685.60 ✅ 86.45 Points 

India VIX Closed @ 22.9025 ✅ 0.7375 Points

In News

Stocks in News

The Phoenix Mills: The Phoenix Mills will make Classic Mall Development Company as its wholly owned subsidiary after buying 50 percent stake from Crest Ventures and Escort Developers. The company will pay Rs 918 crore to acquire 50 percent stake in Classic Mall Development Company which owns Phoenix Marketcity Chennai with chargeable area of approximately 1 million square feet in Velachery, Chennai. 

Crest Ventures: Crest Ventures and its wholly owned subsidiary Escorts Developers will get Rs 918 crore by selling 50 percent stake in Classic Mall Development Company, to Phoenix Mills. Crest Ventures held 46.35 percent stake and its wholly owned subsidiary Escorts Developers has 3.65 percent in Classic Mall Development Company. The stake sale is expected to be completed tentatively by April 2022. 

Equitas Small Finance Bank: The bank will receive Rs 550 crore from qualified institutional investors as it has approved the allotment of 10.26 crore equity shares at issue price of Rs 53.59 per share. The QIP issue was opened for bidding during February 14-18. 

Gujarat Mineral Development Corporation: The Environment ministry has allowed GMDC to increase mining activity at lignite mines in Tadkeshwar, Surat. The country's largest lignite seller has received an amendment to its environment clearance from the Ministry of Environment and Forest to mine up to a depth of 135 meters, from 94 meters earlier at the lignite mines. 

Escorts: The tractor maker will receive Rs 1,872.74 crore from Kubota Corporation as it approved preferential allotment of 93.63 lakh equity shares at Rs 2,000 per share. After the allotment, Kubota Corporation holds 16.39 percent stake in Escorts. 

Hazoor Multi Projects: The company has bagged order worth Rs 6.54 crore from Varaha Infra. The work order is for completion of balance work of 'national highway No 548-A from section Waken Pali to 2 lane with paved shoulder. 

Power Finance Corporation: Life Insurance Corporation of India sold 2.02% stake in the company via open market transactions. As a result, its shareholding in the company reduced to 5.06 percent, from 7.09 percent earlier.

Investors Meet

Investors Meet

Piramal Enterprises: The company's officials will attend Kotak Institutional Equities Conference on February 21-22. 

Usha Martin: The company's officials will meet JHP Securities on February 21. 

Subros: The company's officials will meet Sundaram Asset Management Company on February 21. 

Mahindra & Mahindra: The company's officials will attend Kotak Virtual Investor Conference on February 22; Daiwa Virtual Investor Conference on February 24; Maybank KimEng-Mizuho Investor Conference on February 25. 

Nuvoco Vistas Corporation: The company's officials will meet Pinpoint Asset Management on February 21; and Mirae Asset Mutual Funds on February 22. 

Eicher Motors: The company's officials will meet Citadel on February 21; and Fidelity Management and Research Inc on February 23. 

Tamil Nadu Newsprint & Papers: The company's officials will meet Sunidhi Securities & Finance on February 21. 

Yasho Industries: The company's officials will participate in Ambit Chemical CXO Conclave on February 21. 

Asian Paints: The company's officials will meet Blackrock Capital on February 21; and Martin Currie Investment Management on February 22. 

Polycab India: The company's officials will attend Kotak conference Chasing Growth's 2022 on February 22. 

Indoco Remedies: The company's officials will meet UTI Mutual Fund on February 22. 

Precision Camshafts: The company's officials will meet analysts and investors on February 22, to discuss financial results.

Fno Stocks Ban For 21.02.2022

Stock under F&O ban on NSE 21-Feb-22

1 ESCORTS 

2 IBULHSGFIN 

3 PNB

Corporate Updates

Today's Corporate Action 21st Feb Ex Date

BALKRISIND Interim Dividend - Rs. - 4.0000
BALKRISIND Special Dividend - Rs. - 12.0000
CARBORUNIV Interim Dividend - Rs. - 1.5000
COALINDIA Interim Dividend - Rs. - 5.0000
COCHINSHIP Interim Dividend - Rs. - 7.0000
CUMMINSIND Interim Dividend - Rs. - 8.0000
HERCULES Interim Dividend - Rs. - 0.7500
HEROMOTOCO Interim Dividend - Rs. - 60.0000
INDNIPPON Interim Dividend - Rs. - 6.2500
IRCON Interim Dividend - Rs. - 0.7000
JBMA Stock Split From Rs.5/- to Rs.2/-
KIRLOSENG Interim Dividend - Rs. - 1.5000
METROPOLIS Interim Dividend - Rs. - 8.0000
MTARTECH Interim Dividend - Rs. - 3.0000
ONGC Interim Dividend - Rs. - 1.7500
SHIL Interim Dividend - Rs. - 0.5000
SJVN Interim Dividend - Rs. - 1.1500
SUNDRMFAST Interim Dividend - Rs. - 6.4500
TIDEWATER Interim Dividend - Rs. - 20.0000

Today's Key Results/Board Meetings 21-Feb-22

BRAHMINFRA Quarterly Results
IBINFO General
JONJUA General
MCLOUD Employees Stock Option Plan;Increase in Authorised Capital;Issue Of Warrants;General;Preferential Issue of shares
OBCL General
RAJOOENG General
SUPRAP General