Stock Radar: IndusInd Bank, Zomato, HCL Tech, Saraswati Saree Depot, Nucleus Software in focus on Tuesday

Stocks in Focus

Here’s a quick look at stocks likely to be in focus in Tuesday's trade, covering fund raising, bulk deals, and appointments announced by companies after market hours on Monday:

Results on August 20

Brightcom Group, CMI, KD Leisures, Markolines Pavement Technologies, Shri Venkatesh Refineries, and Rapid Investments will announce quarterly earnings scorecard on August 20.

Stocks To Watch

Zomato

Antfin Singapore Holding, an arm of Alibaba Group, is planning to offload a 1.54% stake in Zomato, worth $408 million, through block deals, according to CNBC-TV18 sources. The floor price has been fixed at Rs 251.68 per share. Antfin held a 4.3% stake in Zomato as of June 2024.

Poly Medicure

The company has opened its qualified institutional placement (QIP) issue on August 19, with a floor price of Rs 1,880.69 per share. According to sources from CNBC-TV18, the issue size is likely to be Rs 1,000 crore, and the funds are expected to be utilized for setting up manufacturing facilities, inorganic initiatives, and general corporate purposes.

HCL Technologies

The board has appointed Shiv Walia as Chief Financial Officer of the IT company, effective September 6. However, Prateek Aggarwal has resigned from the position of Chief Financial Officer to pursue opportunities outside HCLTech.

MRO-TEK Realty

Rengarajan Gopalakrishnan has resigned as Chief Financial Officer of the company due to health concerns, effective August 19.

Bajaj Auto

The automobile company has made a provision of Rs 211 crore on deferred tax created on investment income in Q2FY25, due to the withdrawal of the indexation benefit and a change in the tax rate. The company says the provision amount of Rs 211 crore is below the materiality threshold as stipulated in Regulation 30 of the Listing Regulations, 2015.

Hindustan Zinc

Vedanta has stated that its shareholding in its subsidiary Hindustan Zinc has dropped to 63.42% after the offer-for-sale of 6,36,05,891 equity shares (1.51% of paid-up equity).

Nucleus Software Exports

The Board of Directors of the company will meet on August 22 to consider the proposal for the buyback of equity shares.

Motilal Oswal Financial Services

The company has received approval from the Board of Directors for the issuance of non-convertible debentures (NCDs) worth Rs 100 crore (base issue size) with an option to retain oversubscription up to Rs 100 crore (green shoe option), aggregating up to Rs 200 crore on a private placement basis.

IndusInd Bank

The Reserve Bank of India has given its approval to IndusInd for setting up a wholly owned subsidiary to undertake the asset management business of mutual funds, along with infusing equity capital into the said asset management subsidiary.

Hi-Tech Pipes

The company has received approval from the Board of Directors for raising funds up to Rs 600 crore via one or more qualified institutions placements (QIPs), a further public issue, a rights issue, or through any other permissible mode.

Sequent Scientific

The pharmaceutical company has received prequalification (PQ) approval from the World Health Organization (WHO) for Albendazole, an active pharmaceutical ingredient (API). This is in partnership with Mepro Pharmaceuticals. Albendazole is a vital medication used to treat a range of parasitic infections.

Bulk Deals

Prudent Corporate Advisory Services

Société Générale has bought a 0.66% stake in the company at an average price of Rs 2,450 per share. However, promoters Sanjay Rameshchandra Shah and Rameshchandra Chimanlal Shah sold 1% and 1.48% equity stakes in the company at an average price of Rs 2,450.05 per share, and Rs 2,450 per share, respectively.

Ujjivan Small Finance Bank

Foreign portfolio investor Ardisia sold a 0.88% equity stake in the bank at an average price of Rs 41.11 per share.

Zaggle Prepaid Ocean Services

Zuzu Software Services LLP sold a 4% stake in the company at an average price of Rs 361.23 per share.

Ace Software Exports

Ace investor Shankar Sharma bought 0.53% of shares in the company at an average price of Rs 346 per share. However, Ace Technologies sold a 1.64% stake in the company at an average price of Rs 346 per share.

Vibrant Global Capital

Investor Siddhartha Bhaiya sold a 0.53% stake in the company at an average price of Rs 79.51 per share.

Ethos

Bandhan Mutual Fund bought a 0.65% stake in the company at an average price of Rs 3,346 per share from promoter Mahen Distribution. Master Capital Services sold 0.57% of shares at the same price.

Mainboard Listing on August 20

Saraswati Saree Depot

SME Listing on August 20

Sunlite Recycling Industries, Positron Energy

Stocks Turn Ex-Dividend

IRB Infrastructure Developers, AIA Engineering, Apar Industries, Balkrishna Industries, Century Enka, Coral India Finance & Housing, Indo Borax & Chemicals, JK Paper, Dr Lal PathLabs, Mitsu Chem Plast, National Peroxide, Omnitex Industries, Phoenix Mills, PI Industries, Rain Industries, Ratnamani Metals & Tubes, Sanghvi Movers, South Indian Bank, Sun TV Network, Titagarh Rail Systems

Stock Turns Ex-Buyback

AIA Engineering

Stock Trades Ex-Date for Bonus

PVV Infra

Stocks Under F&O Ban

Balrampur Chini Mills, Birlasoft, Hindustan Copper, Aarti Industries, Aditya Birla Fashion and Retail, Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Granules India, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, NMDC, Piramal Enterprises, Punjab National Bank, RBL Bank, SAIL, Sun TV Network