Stocks To Watch: Vedanta, Reliance Industries, RBL Bank, JSW Infra, India Cements, Stanley Lifestyle

Vedanta Ltd. will be in focus on Friday after the company raised Rs 2,500 crore via NCDs. Reliance Jio Infocomm Ltd. raised tariff charges for multiple plans, which will be effective from July 3.

Private lenders CSB Bank Ltd. and AU Small Finance Bank Ltd. will raise funds via equity and debt, while JSW Infrastructure Ltd. through its unit JSW Ports will acquire logistics service provider Navkar Corp.

India's benchmark equity indices saw a third day of record close on Thursday. The NSE Nifty 50 claimed the crucial 24,000 mark and rose the most in a futures and options series this year.

The Nifty closed up 175.70 points, or 0.74%, at 24,044.50, while the S&P BSE Sensex ended 568.93 points, or 0.72%, higher at 79,243.18. Both the Nifty and Sensex rose 0.92% during the day to 24,087.45 and 79,396.03, respectively.

Foreign portfolio investors recorded the second highest single-day buying of Indian equities so far in 2024 on Thursday. The investors mopped up stocks worth Rs 7,658.8 crore, while domestic investors turned net sellers after a day of buying and offloaded equities worth Rs 3,605.9 crore, the NSE data showed.

The Indian rupee strengthened 11 paise to close at Rs 83.46 per US dollar.

Most markets in Asia-Pacific rose Friday mirroring overnight gains on Wall Street after US GDP data came in line with estimates raising hopes for rate cuts.

The Nikkei 225 was 280.14 points or 0.71% higher at 39,621.68, and the S&P ASX 200 was 30.00 points or 0.39% higher at 7,789.60 as of 06:58 a.m.

US stocks rose after data showed America's economic growth declined to 1.4% on year in January-March compared to 3.4% growth in the preceding quarter. This fuelled bets among traders that Federal Reserve may need to reduce rates this year to aid the economy.

The S&P 500 and Dow Jones Industrial Average settled 0.03% and 0.9% higher, respectively on Thursday. The Nasdaq Composite was up 0.30%.

In commodities, spot gold decline 0.27% to $2,321.36 an ounce, while the benchmark August contract of Brent crude on Intercontinental Exchange was 0.25% to $86.61 a barrel.

The GIFT Nifty was trading 1.5 points or 0.01% higher at 24,043.50 as of 07:01 a.m.

• Vedanta: The company raised Rs 2,500 crore via NCDs.

• Reliance Industries: Jio raised tariff charges for multiple plans, which will be effective July 3. 

• State Bank of India: The bank raised Rs 10,000 crore via non-convertible long-term bonds.

• Bharat Heavy Electricals: The company has secured a Rs 13,300 crore contract to set up a 1,600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corp.

• JSW Infra: JSW Ports will acquire 70.37% stake in logistics service provider Navkar Corp at Rs 95.61 per share, which has triggered a mandatory open offer for additional 26% stake at a price of Rs 105.32 per share. It also received letter of acceptance from Southern Railway for construction of multi-modal cargo terminal.

• India Cements: Radhakishan Damani and associated entities sold 22.8% stake via open market operations.

• RBL Bank: The lender approved raising up to Rs 3,500 crore via QIP or other means, and up to Rs 3,000 crore via debt securities.

• AU Small Finance Bank: The lender will raise up to Rs 5,000 crore via QIP or other means and up to Rs 6,000 crore via debt instruments. 

• Yes Bank: The lender executed a one-time-settlement in one of its stressed loan exposures. The borrower will pay $23 million as settlement against its dues.

• Brigade Enterprises: The company has launched a 6-tower residential project in Yelahanka, Bengaluru with a revenue potential of Rs 1,100 crore. 

• RVNL: The company incorporated subsidiary RVNL Middle East Contracting in Dubai.

• Inox Wind: The company incorporated a wholly-owned subsidiary, Pokhran Wind Energy, as a special purpose vehicle to develop wind farms in India.

• Wipro: Units Designit North America and Wipro Designit Services completed their merger effective July 1. 

• Patanjali Foods: The company received a show cause notice from Karnataka State Pollution Control Board for non-compliance with water pollution regulations at its Mangalore unit.

• Infosys: The company clarified that there is no impact on its financial activities or operations following CEO Salil Parekh's settlement order.

• IPCA Labs: An EU Court upheld Rs 126 crore fine imposed on subsidiary Unichem Laboratories over patent dispute with French company Servier. The company has already made provisions in their accounts for the fine. 

• Asian Paints: Singapore unit completed acquisition of 23.4% stake in Egypt's SCIB Chemicals for Rs 34 crore and now holds 85.6% stake in SCIB. 

• Raymond: The company re-appointed Gautam Hari Singhania as MD effective July 1.

• KPI Green Energy: The company received sanction letter for Rs 686 crore credit facilities for 200MW solar project in Khavda. Rs 225 crore from raised through a QIP earlier will be used to partially fund the project.

• Piramal Enterprises: S&P Global assigned 'BB-' long-term and 'B' short-term ratings and affirmed 'stable' outlook.

• Bata India: The company received a warrant from a Bangalore court for alleged offence under various sections of The Minimum Wages Act.

• Stanley Lifestyle: The company will debut on the stock exchanges at an issue price of Rs 369 per share. The Rs 537-crore IPO was subscribed 98.96 times on its final day.

• Allied Blenders and Distillers: The Rs 1,000-crore IPO was subscribed 23.55 times on its third and final day. Bids were led by institutional investors 50.37 times, non-institutional investors 32.40 times, portion reserved for employees 9.89 times, and retail investors 4.51 times.

• Vraj Iron & Steel: The Rs 171-crore IPO was subscribed 17.79 times on day two. Bids were led by institutional investors 36.97 times and retail investors 14.63 times.

• India Cements: UltraTech Cement bought 705.64 lakh shares (22.77%) at Rs 267.74 apiece while Derive Investments sold 41.49 lakh shares (1.33%) at Rs 283.3 apiece, Derive Trading And Resorts Private Limited sold 27.75 lakh shares (0.89%) at Rs 283.3 apiece, Gopikishan Shivkishan Damani sold 251.16 lakh shares (8.1%) at Rs 265.1 apiece, Kiran Devi Damani sold 19.33 lakh shares (0.62%) at Rs 283.3 apiece, Radhakishan Shivkishan Damani sold 351.32 lakh shares (11.33%) at Rs 265.05 apiece and Shrikanta Devi Damani sold 14.58 lakh shares (0.47%) at Rs 283.3 apiece.

• CSB Bank: FIH Mauritius Investments Ltd sold 168.68 lakh shares (9.72%) while Abu Dhabi Investment Authority bought 10.15 lakh shares (0.58%), Amansa Holdings bought 82.77 lakh shares (4.77%), ICICI Prudential Mutual Fund bought 12 lakh shares (0.69%), India Acorn Icav - Ashoka India Opportunities Fund bought 16.06 lakh shares (0.92%) and Sundaram Mutual Fund bought 7.94 lakh shares (0.45%), among others, at Rs 352.75 apiece.

• Route Mobile: NK Securities Research bought 3.85 lakh shares (0.61%) at Rs 1856.73 apiece while Graviton Research Capital Llp bought 5.37 lakh shares (0.85%) at Rs 1837.85 apiece.

• Fairchem Organics: Msn Holdings bought 0.99 lakh shares (0.76%) at Rs 1361.09 apiece while Manish Satyanarayan Nuwal sold 0.99 lakh shares (0.76%) at Rs 1361.02 apiece.

• Steel Exchange India: Apex Fingrow bought 81 lakh shares (0.68%) at Rs 14.99 apiece.

• Sakuma Exports: Shubham Ashokbhai Patel bought 18 lakh shares (0.57%) at Rs 35.99 apiece.

• Archean Chemicals: India Resurgence Fund - Scheme 2 sold 57.23 lakh shares (4.63%), India Resurgence Fund - Scheme 1 sold 33.88 lakh shares (2.74%), while Goldman Sachs Funds bought 6.28 lakh shares (0.5%), Piramal Natural Resources sold 33.88 lakh shares (2.74%), Nishtha Investment & Consultancy Services bought 6.2 lakh shares (0.5%) at Rs 669.22 apiece.

• India Shelter Finance: Mio Starrock sold 11.44 lakh shares (1.06%) at Rs 730 apiece.

• SG Mart: Ashish Rameshchandra Kacholia bought 9.1 lakh shares (0.81%) at Rs 440 apiece, Sg Logistic Management bought 25 lakh shares (2.24%) at Rs 440 apiece, Dhruv Gupta sold 35.76 lakh shares (3.2%) at Rs 442.28 apiece and Meenakshi Gupta sold 24.98 lakh shares (2.24%) at Rs 440 apiece.

• Strynenix Performance Materials: Shiva Performance Materials sold 29 lakh shares (16.49%), while Vallabh Roopchand Bhansali bought 1 lakh shares (0.56%), Enam Investment & Services bought 2 lakh shares (1.13%), Ikigai Emerging Equity Fund bought 1.34 lakh shares (0.76%), Sageone Investment Managers Llp bought 2.4 lakh shares (1.36%), Subhkam Ventures bought 2 lakh shares (1.13%), Bengal Finance & Investment bought 1.07 lakh shares (0.61%), Nippon India Mutual Fund bought 2.5 lakh shares (1.42%), Bandhan Mutual Fund bought 1.34 lakh shares (0.76%), Motilal Oswal Mutual Fund bought 2.25 lakh shares (1.27%), and Sageone-Flagship Growth 2 Fund bought 1.05 lakh shares (0.59%) at Rs 1,861 apiece.

• Warwizard Innovations & Mobility: Wardwizard Solutions India sold 16 lakh shares (0.61%) at Rs 56.59 apiece.

• MTAR Technologies: Promoter Kavitha Reddy Gangapatnam sold 70,000 shares on June 26.

• Wardwizard Innovations & Mobility: Promoter Wardwizard Solutions India sold 20 lakh shares on June 26 and 7.5 lakh shares on June 24. Promoter Aevas Business Solutions sold 8 lakh shares on June 26.

• PTC Industries: Promoter Alok Agarwal sold 6,000 shares on June 26.

• Cantabil Retail: Promoter Deepak Bansal bought 84,000 shares on June 24.

• India Cements: Promoter Chennai Super Kings Cricket bought 10,000 shares on June 26.

• Ajanta Pharma: Promoter Ravi Agrawal created a pledge for 4.5 lakh shares on June 26.

• Steel Exchange of India: Promoter Umashiv Garments revoked a pledge for 1.02 crore shares on June 25.

• Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge for 9 lakh shares on June 25.

• Price band revised from 5% to 20%: Sanofi India.

• Price band revised from none to 20%: Zee Entertainment Enterprises.

• Price band revised from 20% to 10%: Garden Reach Shipbuilders & Engineers.

• Ex-Dividend: Bank of Baroda, IndusInd Bank, Kalpataru Projects International, Maharashtra Scooters, Nippon Life India Asset Management, REC, Swaraj Engines, RPG Life Sciences, Syngene International, Vaibhav Global, Welspun Corp, GIC Housing Finance, Bajaj Holdings & Investments.

• Ex-Date Buy back: Godawari Power & Ispat.

• Nifty July futures up by 0.55% to 23,972.50 at a discount of 72 points.

• Nifty July futures open interest up by 45.23%.

• Nifty Bank July futures up by 0.01% to 52,905.60 at a premium of 94.3 points.

• Nifty Bank July futures open interest up by 0.54%.

• Nifty Options July 4 Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24,000.

• Bank Nifty Options July 3 Expiry: Maximum Call Open Interest at 53,000 and Maximum Put open interest at 53,000.

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