Economy

Stocks To Watch Today 9 Dec – Indian Energy Exchange, Gland Pharma, United Breweries, Coffee Day, Nazara Tech

On Thursday, the majority of Asian markets climbed as traders projected that the global recovery would be able to withstand the new virus strain. After a period of decline, Treasuries have stayed stable.

For the third day in a row, the MSCI Asia Pacific equities index has risen, with Hong Kong leading the way. US contracts remained flat after the S&P 500 and the technology-heavy Nasdaq 100 extended their gain.

The Singapore-traded SGX Nifty, a leading indication of the performance of India’s Nifty 50 Index, was up 0.43 percent to 17,560 at 7:55 a.m.

Here are some stocks to keep an eye on today in the market:

Reliance Industries: Reliance Industries, Mahindra & Mahindra, Mahindra & Mahindra, Mahindra BP Mobility Ltd., doing business as Jio-bp, and Mahindra Group have signed a non-binding memorandum of understanding to investigate the development of electric vehicles and services, as well as the identification of synergies between low-carbon and conventional fuels.

NHPC:The merger of Lanco Teesta Hydro Power Ltd. and self was approved.

Gland Pharma Gland Pharma is a pharmaceutical company based in the United

Vedanta:The board of directors will consider a second interim dividend on equity shares on December 11.

After an examination into the letter written by late managing director V.G. Siddhartha, SEBI issued a show cause notice to Coffee Day Enterprises concerning fund flow from subsidiaries. The corporation maintains it will correctly handle the show cause notice as instructed.

Can Fin Homes: 

On December 14th, the firm may contemplate distributing an interim dividend.
Breweries of the United States: The corporation filed an appeal with the National Company Law Appellate Tribunal against the CCI order dated Sept. 24.

Nazara Technologies: Through its fully owned subsidiary, Nazara Technologies FZ-LLC, the firm now controls 69.18 percent of Publishme Global FZ-LLC, a Turkish full-service games marketing agency.
The issuance of two-for-one bonus shares has been approved by the Indian Energy Exchange.

HCL Technologies: Gesellschaft für Banksysteme GmbH, Germany’s largest cooperative primary bank, is acquired from Deutsche Apotheker und Arztbank eG (apoBank) (gbs). After the closure, HCL will hold 51 percent of gbs and apoBank would own 49 percent. Ircon International has awarded RailTel a Rs 210.7 crore contract for a tunnel communication system on the Jammu Kashmir Rail Link Project’s Dharam-Banihal section.

IndiaBulls Housing Finance: Announces a Rs 1,000 crore public offering of national credit default swaps (NCDs).

Balrampur Chini Mills has been assigned CRISIL AA+/Stable and A1+ for long-term and short-term.

UPL: Invested Rs 1.3 crore in the 2,996 compulsorily convertible preference shares of Allfresh Supply Management Pvt. Ltd.

Neogen Chemicals would give preferential equity shares worth Rs 225 crore to SBI Mutual Fund, Axis Mutual Fund, Plutus Wealth Management LLP, and White Oak Capital. The EGM will take place on December 31.

In the CDP Climate Change Assessment for 2021, JSW Steel claims to have maintained its ‘A-‘ leadership rating.

Asian Paints: Responded to an InGovern investigation saying that the company conducted business with some of its linked parties while neglecting to address alleged conflicts of interest.

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The Gain Travel IPO achieved a subscription rate of 75% by the conclusion of day two.

89 percent of the Shriram Properties IPO was subscribed before the end of day one.

Today is the first day of MapMyIndia’s first public offering (IPO).

Share the specifics of your pledge

Mindspace Business Parks specialises in the development of business parks. Chandru L. Raheja, the company’s promoter, pledged 93,75,389 shares on December 6.

Nxtdigital: Promoter Hinduja Group Ltd. purchased 52.76 lakh shares on December 4th. Promoter Ashok Parmanand Hinduja bought 2.78 lakh shares on December 4th.

Neel Raheja, the company’s promoter, bought 12,000 Shoppers Stop shares on December 6. Inox Chemicals, the company’s promoter, sold 62,458 shares in Gujarat Flourochemicals on December 7.

ICICI Securities met with Spark Capital Advisors (India) Pvt. Ltd. on December 7.

White Oak Capital Management met with Federal Bank on December 8.

Dixon Technologies will meet with Millintonia Capital and Capital Group on December 9 and Taiyo Pacific Partners and Edmond de Rothschild on December 14.

Fino Payments Bank: Fino Payments Bank met with Aditya Birla Sun Life AMC on December 8.

Lemon Tree Hotels will take part in a virtual conference held by Systematix Institutional Equities on December 9.

ICICI Prudential: Met Surveyor Capital, ICICI Prudential: Met Surveyor Capital, ICICI Prudential: Met Surveyor Capital,

Chalet Hotels met with FSSA on December 8th (First State Investments).

Reliance Industries was at the Goldman Sachs CIO Tour on December 8, Max Healthcare will be at the Edelweiss Wealth Management/Emerging Ideas Conference 2021 on December 9, and CRISIL will meet with L&T Mutual Funds on December 13.

Mindspace Business Parks specialises in the development of business parks. Chandru L. Raheja, the company’s promoter, pledged 93,75,389 shares on December 6.

Nxtdigital: Promoter Hinduja Group Ltd. purchased 52.76 lakh shares on December 4th. Promoter Ashok Parmanand Hinduja bought 2.78 lakh shares on December 4th.

Neel Raheja, the company’s promoter, bought 12,000 Shoppers Stop shares on December 6. Inox Chemicals, the company’s promoter, sold 62,458 shares in Gujarat Flourochemicals on December 7.

ICICI Securities met with Spark Capital Advisors (India) Pvt. Ltd. on December 7.

White Oak Capital Management met with Federal Bank on December 8.

Dixon Technologies will meet with Millintonia Capital and Capital Group on December 9 and Taiyo Pacific Partners and Edmond de Rothschild on December 14.

Fino Payments Bank: Fino Payments Bank met with Aditya Birla Sun Life AMC on December 8.

Lemon Tree Hotels will take part in a virtual conference held by Systematix Institutional Equities on December 9.

ICICI Prudential: Met Surveyor Capital, ICICI Prudential: Met Surveyor Capital, ICICI Prudential: Met Surveyor Capital,

Chalet Hotels met with FSSA on December 8th (First State Investments).

Tweaks in Trading

The price band for Ansal Housing, IFCI, The Motor & General Finance was cut from 20% to 10%.
The Long-Term ASM Framework has shortlisted IL&FS Investment Managers, Ansal Housing Limited, and The Motor & General Finance.

The Short-Term ASM Framework has nominated 63 Moons Technologies, Rajdarshan Industries, Satin Creditcare Network, Patel Engineering, Reliance Industrial Infrastructure, Ramky Infrastructure, Celebrity Fashions, and RattanIndia Power.

Actions of Analysts

Berger Paints has been upgraded to a ‘buy’ rating by IDBI Capital, with a price objective of Rs 870.

Petronet has been downgraded by Gujarat Elara Securities to ‘accumulate,’ with a price objective of Rs 358.

Petronet LNG has been downgraded by Elara Securities to ‘accumulate,’ with a price objective of Rs 266.

United Breweries is now covered by JPMorgan with a ‘overweight’ rating and a price target of Rs 1,820.

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