INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange were trading 3.5 points, or 0.03 per cent, lower at 11,093.50, indicating a flat start
Technologies has witnessed a good response from non-retail investors, with the issue receiving bids for 2,64,23,121 shares, which was 4.61
times of the base issue size of 57,27,273 shares reserved for the category
Retail investors will bid for the issue on Thursday.
Eveready Industries: DSP Small Cap Fund has sold 21.74 lakh shares, or 3 per cent
stake, in battery maker Eveready Industries India on Wednesday, NSE bulk deal data showed
DSP Small Cap Fund sold the stake at Rs 200 per share
Wednesday, NSE bulk deal data showed
The fund bought the shares, amounting to 1.2 per cent stake, at Rs 1,228.04 apiece
Biocon: Biotechnology major Biocon Wednesday said the US health regulator has issued six observations in Form 483 after pre-approval
inspection of its insulin drug substance manufacturing facility in Bengaluru.
RIL, DEN, Hathway Cable:Reliance Industries said it has
received final comments from market regulator Sebi for its proposed open offers to shareholders of Den Networks Limited and Hathway Cable
NHPC: State-run hydro power giant NHPC paid an interim dividend of Rs 526.53 crore to the central government for 2018-19.
HDFC: The largest
mortgage lender announced an interim dividend of Rs 3.50 for the financial year ending March 2019
Vendanta: Metals and mining major Vedanta announced that its board has approved second interim dividend of Rs 1.85 per equity share for
2018-19 amounting to the total payout of Rs 685 crore.
Srei Infra Finance: Srei Group is in initial talks with a clutch of bulge bracket
private equity funds including the Blackstone Group and KKR to raise as much as Rs 1,000 crore in its equipment finance company Srei
Equipment Finance ahead of its planned public offer
This company is a wholly-owned arm of Srei Infra Finance.
Lakshmi Vilas Bank, Indiabulls Housing Finance: The bank is in initial discussions
with two NBFCs, including Indiabulls Housing Finance, to evaluate a potential merger deal that could help address its current struggle for
NDMC: State-run NMDC said it has signed a pact with Geological Survey of India (GSI) for mineral exploration in Madhya Pradesh.
Hindustan
Zinc:Hindustan Zinc announced the appointment of Kiral Agarwal as its chairman.
ABB: Swiss firm ABB launched a digital portfolio for Indian
mining sector in a bid to enhance the efficiency of operations.
Pharma stocks: The abrupt exit of the US FDA commissioner Scott Gottlieb
after a nearly 2-year stint under the Trump administration throws Indian pharma into uncertainty on what would be the stance of the next
commissioner on generics drug pricing, pace of approvals and regulatory inspections.
Board meetingsAnalyst callsDeepak Nitrite:
IIFL has
retained buy rating on
Deepak Nitrite with a target price of Rs 345
Deepak Nitrite is on track for a sharp jump in earnings in FY20, said IIFL
The newly-commissioned phenol capacities are operating at over 85 per cent utilisation, and current spreads are also well above our FY20
estimate of Rs 40/kg, the brokerage said
All key financial metrics should improve substantially in FY20, even as current valuations are attractive at 11.8 times FY20 P/E, said IIFL
Motilal Oswal Financial Services: HDFC Securities has initiated coverage on Motilal Oswal Financial Services with a neutral rating and
The group has investments of Rs 19.8 billion, of which 82 per cent is invested in own funds, the brokerage said
HDFC Securities said Motilal Oswal has a differentiated client franchise and will gain from financialisation of savings
CCL Products (India): IDBI Capital has initiated coverage on CCL Products (India) with a target price of Rs 363
passthrough mechanism to ensure margin protection, said IDBI Capital
Looking ahead, CCL remains well-poised to ramp up volumes from its recently set up 5,000 tonnes per annum freeze dried plant in Andhra
ACC: CLSA has retained buy rating on ACC with a target price of Rs 2,000
Focus on growth helped ACC to maintain market share and the announcement of expansion, which will be self-funded, also improves its
medium-term outlook, the brokerage said
Shares of ACC ended up 1.57 per cent at Rs 1,554.85 on Wednesday.
AU Small Finance Bank:Morgan Stanley has retained equal-weight rating on
AU Small Finance Bank and reduced target price to Rs 560 from Rs 595
The brokerage has cut earnings estimates by 11 per cent in FY20/FY21
This is led by lower margins, moderation in loan growth, and lower fees on PSL certificates
Shares of AU Small Finance Bank ended up 1.7 per cent at Rs 588.90 on Wednesday.
Insider Buys:Alembic Limited: Nirayu Private Limited has
bought 50,000 shares through Market Purchase on Mar 1, 2019.Brooks Laboratories Limited: Mrs
Rajni Ranchal has bought 212,500 shares through Preferential Offer on Mar 2, 2019.Deepak Nitrite Limited: Storewell Credits And Capital
Private Ltd has bought 143,000 shares through Market Purchase from Feb 27, 2019 to Feb 28, 2019.Jubilant Industries Limited: Jubilant
Consumer Private Limited has bought 93,522 shares through Market Purchase from Feb 28, 2019 to Mar 1, 2019.Satin Creditcare Network Limited:
Trishashna Holdings Investments Private Limited has bought 27,231 shares through Market Purchase on Mar 1, 2019.Satin Creditcare Network
Limited: Wisteria Holdings Investments Private Limited has bought 15,000 shares through Market Purchase on Mar 1, 2019.Tokyo Plast
International Limited: Priyaj Haresh Shah has bought 32,649 shares through Market Purchase from Feb 28, 2019 to Mar 5, 2019.Insider
Sells:Axis Bank Limited: The Oriental Insurance Company Limited has sold 24,000 shares through Market Sale on Mar 5, 2019.Axis Bank Limited:
United India Insurance Company Limited has sold 235,000 shares through Market Sale on Mar 1, 2019.Equitas Holdings Limited: Ajit
Balakrishnan has sold 23,000 shares through Market Sale on Mar 2, 2019.HDFC Bank Limited: Amit Kumar Goel has sold 38,200 shares through
Market Sale on Mar 1, 2019.ITC Limited: Abraham Zachariah has sold 17,000 shares through Market Sale on Mar 5, 2019.ITC Limited: Jagdish
Singh has sold 57,000 shares through Market Sale on Feb 28, 2019.\nITC Limited: Rajesh Poddar has sold 20,000 shares through Market Sale on
Mar 1, 2019.Jubilant Foodworks Limited: Jfl Employees Welfare Trust has sold 110,006 shares through Market Sale on Mar 5, 2019.Jubilant
Industries Limited: Torino Overseas Limited has sold 38,522 shares through Market Sale on Feb 28, 2019.Opto Circuits (India) Limited: Thomas
Dietiker has sold 1,145,000 shares through Market Sale from Feb 19, 2019 to Feb 25, 2019.Siti Networks Limited: Arrow Media Broadband
Private Limited has sold 17,900,470 shares through Market Sale from Feb 27, 2019 to Feb 28, 2019.Vaibhav Global Limited: Nirmal Kumar
Bardiya has sold 47,047 shares through Market Sale on Mar 1, 2019.\nNote: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations
1992.
Bulk and Block DealsBlg TickersDateCompany NameAcquirer/SellerBuy /SellQty TradedPriceBCPC06-Mar-19B.C
Power Controls LimitedAchintya Commodities Private LimitedBuy98,60041.35BCPC06-Mar-19B.C
Power Controls LimitedDeepen Bharat ShahSell325,00041.35DEWH06-Mar-19Dewan Housing Finance Corporation LtdIndia Infoline Investment Services
Pvt LtdSell3,576,035150.44EVRIN06-Mar-19Eveready Industries India LtdOhm Juniper Longterm Fund LtdBuy500,000200.00EVRIN06-Mar-19Eveready
Industries India LtdIndia Opportunities Growth Fund Ltd-pinewood StrategyBuy700,000200.00EVRIN06-Mar-19Eveready Industries India LtdOhm
EnterprisesBuy600,000200.00EVRIN06-Mar-19Eveready Industries India LtdDsp Mutual Fund A/c Dsp Small Cap
FundSell2,173,738200.00LVB06-Mar-19Lakshmi Vilas Bank LtdPremjayanti Enterprise Pvt LtdSell1,450,00076.59LUX06-Mar-19Lux Industries
LimitedAbakkus Growth Fund - 1Buy300,0001228.04LUX06-Mar-19Lux Industries LimitedMonet Securities Private
LtdSell246,0001230.08ONMB06-Mar-19OnMobile Global LtdAltruist Technologies Private LimitedBuy570,76333.04REFX06-Mar-19Refex Industries
LimitedAnil JainBuy373,16338.55REFX06-Mar-19Refex Industries LimitedArihants Securities LtdSell100,00038.55REFX06-Mar-19Refex Industries
LimitedRavi Kiran HiraniSell100,00038.55REFX06-Mar-19Refex Industries LimitedSunil R HiraniSell100,00038.55REFX06-Mar-19Refex Industries
LimitedManju DeviSell100,00038.55RLXF06-Mar-19Relaxo Footwears LtdAfis A/c American Funds Insurance Series Growth Income
FundBuy867,238715.00SRIN06-Mar-19Sunteck Realty LtdBnp Paribas ArbitrageBuy4,126,567370.03SUEL06-Mar-19Suzlon Energy LtdMansingh Hotels And
Resorts LimitedSell4,180,0007.95Source: Edelweiss Alternative Research
