Friday 14 December 2018

Stocks in the news: IOC, Dilip Buildcon, Capital First, Premier Explosives, Dhanuka Agritech


Here are stocks that are in the news today:

Indian Oil Corporation: Board approved the buyback of up to 29.7 crore shares at Rs 149 per share and declared an interim dividend of Rs 6.75 per equity share.

Adani Enterprises: Subsidiary Adani Defence Systems and Technologies Limited acquired Alpha Design Technologies Private Limited for Rs 400 crore.

KNR Constructions: India Rating revised company's credit rating from A+ Stable to A+ Positive.

Capital First and IDFC Bank: National Company Law Tribunal approved the composite scheme of amalgamation of the company, Capital First Home Finance Limited and Capital First Securities Limited with IDFC Bank Limited.

Lupin: Company received tentative US FDA approval for Dimethyl Fumarate Delayed release capsules, 120 mg and 240 mg, which are indicated for the treatment of patients with relapsing forms of multiple sclerosis.

Dilip Buildcon: CARE revised rating for company's long term bank facilities worth Rs 1,998.09 crore to A/Stable from A+ and removed from credit watch with developing implications.

Dilip Buildcon: Subsidiary DBL Rewa Sidhi Highways Private Limited received the financial closure letter from the National Highways Authority of India and has declared the financial closure of the said SPV.

IL&FS Transportation Networks: Company appoints Shaivali Parekh as Chief Financial Officer.

UltraTech Cement: Binani Cement is now UltraTech Nathdwara Cement Limited.

Himadri Speciality Chemical: CARE revised rating on company's long term bank facilities to AA-/Stable from A+/Stable, and short term bank facilities to AA-/Stable/A1+ from A+/Stable/A1+.

MIC Electronics: Committee of Creditors approved resolution plan submitted by Cosyn Limited, consortium.

Premier Explosives: Company has received an order from an Israel company for design, development, fabrication and assembly of Rocket Motors. Order amount is $41,000 and is to be executed in six months.

Maestros Electronics & Telecommunications Systems: Board approved the issue of 2,32,813 equity shares at Rs 27.49 per share and 5,67,479 equity warrants at Rs 27.49 per warrant to be converted into equity shares, in one or more tranches within a period of not more than 18 months, to the promoter on preferential allotment basis.

Datiware Maritime Infra: Air Control India to sell 2,28,445 equity shares (representing 4.57 percent of the share capital) of the company through offer for sale on December 17-18.

SREI Equipment: Company to raise at least Rs 150 crore via public issue. NCD’s public issue from December 19, 2018-January 18, 2019.

Bharti, Vodafone Idea; TDSAT strikes down TRAI norms for predatory pricing and directs TRAI to reconsider predatory pricing norms within 6 months.

Dhanuka Agritech board meet on December 20 to consider the final buyback price, fixation of record date and other related matters in respect of the proposed buyback of equity shares of the company

Vijaya Bank revised interest rates w.e.f. December 14

Canara Bank United Forum of Bank Union (UFBU) has given a call for strike in the Banking Industry on Dec 26

NMDC - Iron Ore Production at 1876 MT and Sales at 19.30 MT up to the month of November 2018

Bulk Deals on December 13

Agro Phos India: DK Investments bought 1,44,000 shares of the company at Rs 46.98 per share on the NSE.

Ashapura Intimates Fashion: DSP Small and Mid Cap Fund sold 7,33,851 shares of the company at Rs 19.89 per share on the NSE, Victory Expedition Emerging Markets Small Cap Fund 3,58,683 shares at Rs 19.25 per share and Virtue Financial Services Private Limited 2,00,000 shares at Rs 19.25 per share. Omprakash D Agarwal HUF bought 2,00,501 shares at Rs 19.25 per share.

Marine Electrical (I): Overskud Multi Asset Management Private Limited purchased 1,38,000 shares of the company at Rs 80 per share and Sajankumar Rameshwarlal Bajaj 2,38,000 shares at Rs 79.09 on the NSE.

Max Financial Services: New York Life Insurance Company bought 49,99,130 shares of the company at Rs 429.5 per share while Max Ventures Invesment Holdings Private Limited sold 49,99,130 shares at Rs 429.5 per share on the NSE.

Mastek: Ketan Bansilal Mehta sold 1,25,000 shares of the company at Rs 466.47 per share on the BSE.

(For more bulk deals, click here)

Analyst or Board Meet/Briefings

Blue Star: Company's officials will be attending HDFC Securities Investor Forum - Consumer Sector on December 17.

Bhageria Industries: Some investors/analysts are visiting company's plant in Palghar, Maharashtra on December 14.

Dhanuka Agritech: Board meeting is scheduled on December 20 to consider the final buy-back price, fixation of record date and other related matters in respect of the proposed buy-back of equity shares of the company.

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Source: Moneycontrol

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