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:
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
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