Stocks to Watch: After five consecutive months of outcry, (the BSE Sensex) and (Nifty 50) have fallen more than 20 per cent from record highs. Last year, on September 25, intra-day, Sensex had reached a record high of 85,858.55, very close to 86 thousand and Nifty had also reached a record high of 26,657.65, close to 27200. Know in which stocks a trader can make huge money by doing intra-day trading today before March?
Bajaj Auto
Bajaj Auto has received a tax demand order of Rs 138.53 crore for FY11 from the Deputy Commissioner of State Tax, Pune. The demand relates to the tax rate calculated by the company at 18 per cent and the tax officers have imposed a GST rate of 28 per cent.
NLC India
Navratna company NLC India has received a letter of award from SJVN for a 200 MW wind power project at a tariff of Rs 3.74 per kWh.
Voltas
Voltas has divested its direct stake of 92% in Saudi Ansa Company for Engineering Services WLL to Universal MEP Projects Pte of Singapore for Rs 63.84 crore. As Universal MEP Projects is a wholly owned subsidiary, Voltas continues to have an economic interest in Saudi Ansa Company for Engineering Services WLL.
Mankind Pharma
The Income Tax Authority has sought additional tax of Rs 112.68 crore including interest from Mankind Pharma for the assessment year 2021-22.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank has sold a stressed loan portfolio of Rs 354.51 crore to an asset reconstruction company (ARC) for Rs 35.26 crore.
Dalmia Bharat
Dalmia Bharat has announced a strategic investment of Rs 3,620 crore in Maharashtra and Karnataka. Under this, it will set up a clinker unit with a capacity of 3.7 million tonnes per annum at its Belgaum plant in Karnataka and a new greenfield split grinding unit with a capacity of 3.5 million tonnes per annum in Pune, Maharashtra.
Piramal Enterprises
Piramal Enterprises has a tax notice of Rs 1,507 crore including interest and penalty for 2020-21 from the GST department of Maharashtra. This demand is mainly related to the slump sale of its pharma business and its subsidiaries to Piramal Pharma for Rs 4,587 crore in FY 2011.
Mazagon Dock Shipbuilders
Biju George has been given the additional responsibility of Chairman and MD of Mazagon Dock Shipbuilders for one month from March 1. He is currently working as Director (Shipbuilding) of the company
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MSTC
MSTC has received an income tax demand order of Rs 107.55 crore from the Income Tax Department for the assessment year 2019-2020.
Tata Communications
Tata Communications has sold its entire stake in its wholly-owned subsidiary Tata Communications Payment Solutions.
NCC
NCC received an order of Rs 220.82 crore in February.
Aurobindo Pharma
Aurobindo Pharma has completed the acquisition of an 81% stake in its step-down subsidiary Tergene Biotech from Auro Vaccines for Rs 11.76 crore. Auro Vaccines is also a wholly-owned subsidiary of Aurobindo Pharma, and now after this acquisition, Tergene Biotech has also become its direct subsidiary.
RailTel Corporation of India
RailTel Corporation has received a work order of Rs 25.37 crore from Cuttack Development Authority.
Aditya Birla Real Estate
Birla Estates, a subsidiary of Aditya Birla Real Estate, has received bookings worth around Rs 550 crore through the sale of over 350 units of Birla Trimaya Phase III-The Park in Bengaluru.
Tech Mahindra
The board of Tech Mahindra has approved the merger of Comviva Technologies USA Inc. into its parent company Comviva Technologies America Inc. Comviva Technologies America Inc. is a wholly-owned subsidiary of Comviva Technologies India and a step-down subsidiary of Tech Mahindra.
Coforge
Motilal Oswal Mutual Fund has acquired a 0.6% stake in Coforge for Rs 290.1 crore at an average price of Rs 7,577.94 per share.
Generic Engineering Construction and Projects
Unlisted Assets has acquired 2.5 lakh shares of Generic Engineering & Projects from Divam Sharma at an average price of Rs 25.68 per share.
Home First Finance Company India
Shares Core MSCI Emerging Markets ETF has bought a 0.61% stake in Home First Finance at an average price of Rs 1,013.25 per share.
Integrated Core Strategies (Asia) Pte has sold a 0.55% stake in IndusInd Bank for Rs 581.94 crore at an average price of Rs 956.74 per share.
KEI Industries
Motilal Oswal Mutual Fund has acquired a 1.6% stake in KEI Industries for Rs 387.05 crore at an average price of Rs 3,235.49 per share.
TeamLease Services
Nippon India Mutual Fund has acquired a 1.15% stake in TeamLease at an average price of Rs 1965 per share. At the same time, Goldman Sachs Funds-Goldman Sachs India Equity Portfolio has sold a 1.05% stake at the same price.
Kisan Mouldings
Apollo Pipes, the promoter entity of Kisan Mouldings, has acquired an additional 5.80 lakh shares of Kisan Mouldings at an average price of Rs 48.50 per share.
Block Deals
ITC
SEI Trust Company, acting as trustee on behalf of Allspring Emerging Markets Equity CIT, has acquired a 0.04% stake in ITC from Wells Fargo Emerging Markets Equity CIT at an average price of Rs 419.60 per share.
Listing
Today, shares of Beezaasan Explotech will be listed on BSE SME.
Ex-Date
Today, shares of Aayush Wellness will trade ex-dividend.
Join here for today’s livestock market movement
In the 2024 December quarter, Foseco India’s profit jumped 18.9% year-on-year to ₹19.9 crore and revenue grew 10.8% to ₹166.5 crore. The company has also announced a final dividend of Rs 27.
Rana Sugars (Standalone)
In the 2024 December quarter, Rana Sugars’ standalone profit jumped 160.2% year-on-year to ₹13.2 crore and revenue grew 6.8% to ₹388.3 crore.
Monthly vehicle sales figures
Tata Motors (February)
Tata Motors’ total sales fell 8.5% year-on-year to 78,364 units in February. Total domestic sales during the period fell 8% to 77,572 units, commercial vehicle sales slipped 8% to 31,567 units and passenger vehicle sales including EVs fell 8% to 45,756 units.
Maruti Suzuki India (February )
Maruti Suzuki India’s total sales rose 1.5% year-on-year to 1,98,350 units in February. Total domestic sales jumped 4.1% to 1,76,399 units during this period but exports slipped 12.9% to 25,145 units. The company’s production increased 6.1% to 1,77,914 units.
Mahindra and Mahindra Automobile (February )
Mahindra and Mahindra Automobile’s total sales rose 15.1% year-on-year to 85,452 units in February. Passenger vehicle sales jumped 19.2% to 73,543 units, exports rose 96% to 3,054 units and three-wheeler sales rose 4.3% to 6,593 units.
Mahindra and Mahindra Tractor (February )
Mahindra & Mahindra tractor sales grew 17% year-on-year to 24,487 units in February. Domestic sales jumped 16% to 22,840 units and exports grew 7% to 1,857 units.
TVS Motor Company (February)
TVS Motor Company’s total sales grew 9% year-on-year to 5.03 lakh units in February. Two-wheeler sales grew 12% to 4.01 lakh units, EV sales jumped 44% to 28,057 units and exports grew 25% to 1,25,453 units and three-wheeler sales jumped 15% to 12,145 units.
Eicher Motors (February)
Eicher Motors’ Royal Enfield sales jumped 18% year-on-year to 91,990 units in February and exports also grew 25% to 9,981 units.
Stocks to Watch: These stocks will also be in focus
Dr. Agarwal’s Health Care
The lock-in period of 51% shares of the anchor book of Dr. Agarwal’s Health Care IPO is ending today.
One 97 Communications (Paytm)
Paytm’s parent company, One97 Communications, has been sent a notice by the ED for violating certain provisions of the Foreign Exchange Management Act (FEMA) between 2015 and 2019. This notice relates to certain directors and officers as well as the acquisition of two subsidiaries—Little Internet and Nearby India (formerly Groupon). The case involves a transaction of Rs 615.17 crore.
