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    Stocks in the news: RIL, Aurobindo Pharma, Hero MotoCorp, Adani Ports, Future Retail and ONGC

    Synopsis

    Strides Pharma said it has ceased distribution of its ranitidine tablets in the US market.

    Stock8-Getty-1200Getty Images
    Fitch Ratings said it has downgraded Future Retail's rating and put the company on Rating Watch Negative (RWN).
    Nifty futures on the Singapore Exchange traded 66.25 points or 0.81 per cent higher at 8,226, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today's trade:

    Reliance Industries: The Mukesh Ambani-led company said it will raise Rs 25,000 crore through non-convertible debentures to fund its operations.

    Adani Ports and Special Economic Zone (APSEZ): The company said it achieved a throughput of 223 million tonnes during the financial year 2019-20, registering a growth of 7 per cent in cargo volume YoY.

    Aurobindo Pharma: The company said the $900 million deal to acquire Sandoz Inc's US-based generic oral solids and dermatology businesses has been mutually called off.

    Hero MotoCorp: The country's largest two-wheeler maker Hero MotoCorp reported a 42.4 per cent decline in total sales at 3,34,647 units in March.

    Mphasis: Private equity giant Blackstone is consolidating its position in IT services firm MPhasis by acquiring additional stake, taking advantage of the fall in share price.

    Strides Pharma Science: The drug firm said it has ceased distribution of its ranitidine tablets in the American market as USFDA has asked all manufacturers to withdraw the drugs from the market immediately.

    Tyre stocks: The government is considering a proposal to put import of tyres under the restricted category to promote domestic manufacturing, according to sources. Currently, there are no restrictions on tyre imports.

    Cadila Healthcare: The drug maker said it has received final approval from the US health regulator to market generic Lamotrigine extended-release tablets, used to treat certain types of seizures.

    ONGC: The state-owned firm will lose about Rs 4,000 crore in revenue and start making cash losses after the government slashed the natural gas prices by a steep 26 per cent by benchmarking it against rates prevalent in gas-surplus nations.

    Cipla: The pharma major Cipla announced the successful completion of Phase-3 clinical study for generic fluticasone propionate and salmeterol inhalation powder indicated for treatment of asthma and chronic obstructive pulmonary disease.

    SBI: BSE's India International Exchange (India INX) on Thursday said state-owned SBI has listed green bonds of USD 100 million (about Rs 750 crore) on its debt listing platform.

    Future Retail: Fitch Ratings said it has downgraded Future Retail's rating and put the company on Rating Watch Negative (RWN) list reflecting heightened risk to its liquidity position.

    Tata Power: The company has concluded the sale of its entire 50 per cent stake in South African joint venture
    Cennergi to Exxaro Resources Ltd for ZAR 1,550 million (around Rs 659 crore), the company said on Wednesday.

    TVS Motor Company: The company reported a 55.5 per cent decline in total sales in March at 1,44,739 units. The company, which primarily makes two-wheelers and three-wheelers, had sold 3,25,323 units in March 2019, TVS Motor Company said in a statement.

    Coal India: State-owned Coal India has taken various initiatives to continue dry fuel supply to various sectors, including power, even during the lockdown period, Coal Minister Pralhad Joshi.

    Sundaram Finance: Leading non-banking finance company Sundaram Finance has appointed D Lakshminarayanan as the managing director of its subsidiary Sundaram Home Finance.

    Bharti Airtel: The telecom operator said the company has advanced investments and added capacities to meet a surge in data demand.

    MARKET CALENDAR
    SNIP

    Insider Buys:
    • 20 Microns Limited: Chandresh S. Parikh has bought 34,255 shares through Market Purchase from Mar 27, 2020 to Mar 30, 2020.
    • 20 Microns Limited: Rajesh C Parikh has bought 19,293 shares through Market Purchase on Mar 31, 2020.
    • Adani Ports and Special Economic Zone Limited: Flourishing Trade And Investment Ltd has bought 24,36,076 shares through Market Purchase on Mar 31, 2020.
    • ADF Foods Limited: Parul B. Thakkar has bought 30,021 shares through Market Purchase on Mar 30, 2020.
    • ADF Foods Limited: Shivaan B. Thakkar has bought 30,001 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Aster DM Healthcare Limited: Anoop Moopen has bought 21,602 shares through Market Purchase on Mar 31, 2020.
    • CCL Products (India) Limited: Challa Rajendra Prasad has bought 77,809 shares through Market Purchase from Mar 27, 2020 to Mar 31, 2020.
    • CCL Products (India) Limited: Challa Shantha Prasad has bought 66,997 shares through Market Purchase from Mar 27, 2020 to Mar 31, 2020.
    • CCL Products (India) Limited: Challa Soumya has bought 67,813 shares through Market Purchase from Mar 27, 2020 to Mar 31, 2020.
    • CCL Products (India) Limited: Challa Srishant has bought 75,358 shares through Market Purchase from Mar 27, 2020 to Mar 31, 2020.
    • Cosmo Films Limited: Cosmo Films Esop 2015 Trust has bought 1,60,470 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Edelweiss Financial Services Limited: Rashesh Shah has bought 3,00,000 shares through Market Purchase on Mar 31, 2020.
    • Edelweiss Financial Services Limited: Venkatchalam Ramaswamy has bought 1,00,000 shares through Market Purchase on Mar 31, 2020.
    • HFCL Limited: Anant Nahata has bought 21,75,000 shares through Market Purchase on Mar 31, 2020.
    • Indiabulls Housing Finance Limited: Sameer Gehlaut has bought 24,00,000 shares through Market Purchase on Mar 31, 2020.
    • Jindal Steel & Power Limited: Ratan Jindal has bought 1,77,96,716 shares through Inter-se-Transfer on Mar 27, 2020.
    • JMC Projects (India) Limited: Kalpataru Power Transmission Limited has bouht 6,05,578 shares through Market Purchase on Mar 31, 2020.
    • Kernex Microsystems (India) Limited: Satyanarayan Raju Kalidindi has bought 23,418 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • KPIT Technologies Limited: S. B. (Ravi) Pandit has bought 1,70,000 shares through Market Purchase on Mar 31, 2020.
    • Larsen & Toubro Limited: Naik A M has bought 2,00,000 shares through Market Purchase on Mar 31, 2020.
    • Laurus Labs Limited: C V Lakshmana Rao has bought 25,000 shares through Market Purchase on Mar 31, 2020.
    • Maheshwari Logistics Limited: Gopal Lal Kabra has bought 16,000 shares through Market Purchase on Mar 30, 2020.
    • Mahindra CIE Automotive Limited: Participaciones Internacionales Autometal, Dos S.L has bought 1,18,000 shares through Market Purchase on Mar 30, 2020.
    • Man Industries (India) Limited: Nikhil Mansukhani has bought 60,000 shares through Market Purchase on Mar 31, 2020.
    • Mangalore Chemicals & Fertilizers Limited: Akshay Poddar has bought 46,715 shares through Market Purchase on Mar 31, 2020.
    • NOCIL Limited: Suremi Trading Pvt. Ltd. has bought 5,00,000 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Olectra Greentech Limited: Meil Holdings Limited has bought 5,72,358 shares through Market Purchase on Mar 27, 2020.
    • Orient Abrasives Limited: Chetan Shah has bought 4,99,999 shares through Inter-se-Transfer on Mar 31, 2020.
    • Quess Corp Limited: Ajit Abraham Isaac has bought 92,000 shares through Market Purchase on Mar 31, 2020.
    • Rain Industries Limited: N. Anupama Reddy has bought 65,518 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • S Chand And Company Limited: Sanjay Vijay Bhandarkar has bought 19,767 shares through Market Purchase on Mar 31, 2020.
    • Sadbhav Infrastructure Project Limited: Sadbhav Engineering Limited has bought 3,59,416 shares through Market Purchase on Mar 31, 2020.
    • Texmaco Rail & Engineering Limited: Adventz Finance Private Limited has bought 30,000 shares through Market Purchase on Mar 30, 2020.
    • Time Technoplast Limited: Auna Vageria has bought 29,067 shares through Market Purchase from Mar 23, 2020 to Mar 31, 2020.
    • Unichem Laboratories Limited: Dr Prakash A. Mody has bought 43,693 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Unichem Laboratories Limited: Shwetambari Mody Trust has bought 26,283 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Unichem Laboratories Limited: Suparna Mody Trust has bought 34,516 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Unichem Laboratories Limited: Supriya Mody Trust has bought 29,951 shares through Market Purchase from Mar 30, 2020 to Mar 31, 2020.
    • Vaibhav Global Limited: Deepti Agrawal has bought 1,00,000 shares through Market Purchase on Mar 30, 2020.
    • Wonderla Holidays Limited: Kochouseph Chittilappilly has bought 59,000 shares through Market Purchase on Mar 31, 2020.
    • Zydus Wellness Limited: Zydus Family Trust has bought 15,041 shares through Market Purchase on Mar 31, 2020.
    Insider Sells:
    • Adroit Infotech Limited: Jokeman Media And Entertainment Pvt Ltd has sold 5,64,106 shares through Market Sale from Oct 30, 2019 to Nov 21, 2019.
    • HDFC Life Insurance Company Limited: Standard Life (Mauritius Holdings) 2006 Limited has sold 5,00,00,000 shares through Others on Mar 27, 2020.
    • IndoStar Capital Finance Limited: Nishant Kotak has sold 38,500 shares through Market Sale on Mar 12, 2020.
    • Jindal Steel & Power Limited: Pentel Holding Limited has sold 32,35,496 shares through Inter-se-Transfer on Mar 27, 2020.
    • Jindal Steel & Power Limited: Sarmento Holdings Limited has sold 71,56,740 shares through Inter-se-Transfer on Mar 27, 2020.
    • Jindal Steel & Power Limited: Vavasa Investments Limited has sold 74,04,480 shares through Inter-se-Transfer on Mar 27, 2020.
    • Kotak Mahindra Bank Limited: D Kannan has sold 46,000 shares through Market Sale from Mar 23, 2020 to Mar 27, 2020.
    • Orient Abrasives Limited: Manan Shah has sold 4,99,999 shares through Inter-se-Transfer on Mar 31, 2020.
    • RBL Bank Limited: Pallav inha has sold 22,810 shares through Market Sale on Mar 31, 2020.
    • RBL Bank Limited: Surendra Mogaveera has sold 16,800 shares through Market Sale on Mar 31, 2020.
    • RBL Bank Limited: Surinder Chawla has sold 1,50,000 shares through Market Sale on Mar 27, 2020.
    • V-Guard Industries Limited: Ramachandran V has sold 50,000 shares through Market Sale on Mar 30, 2020.
    Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

    Bulk and Block Deals :
    Blg TickersDateCompany NameAcquirer/SellerBuy /SellQty TradedPrice
    PAISALO01-Apr-20Paisalo Digital LimitedAntara India Evergreen Fund LtdBuy264,937159.00
    PAISALO01-Apr-20Paisalo Digital LimitedDavos International FundSell265,000159.00
    Note: Insider Buy/Sell is as defined by SEBI Insider Trading Regulations, 1992 Bulk Deal is defined as any trade in which quantity transacted is more then 0.5% of the companies equity shares listed on the exchanges. The above mentioned data is not completely Extensive as relatively smaller trades have been excluded. (Edelweiss Alternative Research)



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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