Stocks in the news: YES Bank, Jet Airways, M&M, HDIL, Axis Bank and Gati

Allcargo is in the final round of talks to pick up a controlling stake in Gati.

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Subhash Chandra’s Essel Group said its lenders have unanimously agreed to extend the timeline for making pending payments.
NEW DELHI: Nifty futures on the Singapore Exchange were trading 40 points, or 0.35 per cent, higher at 11,515, indicating a positive start for Dalal Street. Here are a few stocks which may buzz the most in today’s trade:

Jet Airways: NCLT has directed the financial creditors of Jet Airways to immediately release funds for maintenance of aircraft and to keep the company as a going concern.

M&M: Ford Motor and M&M are likely to sign a deal next week to form a joint venture in India in a move that will see the US carmaker end most of its independent operations in the country.


HDIL: Sarang Wadhawan, vice-chairman and managing director (MD), Housing Development and Infrastructure (HDIL), was summoned on Tuesday by the Mumbai Police to join a preliminary enquiry (PE) into alleged loan misappropriation and unauthorised sale of units.

YES Bank: YES Bank has clarified that it is awaiting Reserve Bank of India (RBI) approval to increase the authorised share capital of the bank before a planned share sale.

Allcargo Logistics, Gati: Allcargo is in final round of talks to pick up a controlling stake in express logistics company Gati. Allcargo plans to buy the entire 14.38% stake owned by the promoters, to be followed by an open offer.
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Axis Bank, ITC: The government is likely to sell the SUUTI (Specified Undertaking of Unit Trust of India) stake in Axis Bank in two tranches, sources told ETNOW on Wednesday.A proposal for stake sale in ITC is also under consideration, the sources said.

ZEEL: Subhash Chandra’s Essel Group said its lenders have unanimously agreed to extend the timeline for making pending payments. The extension will enable the group to optimise the value output from sale of its assets, it said.

PSU banks: A day after the regulator shuttered a Mumbaiheadquartered co-operative bank, the Reserve Bank of India and the government stepped in to douse social media speculation that as many as nine state-run banks are staring at closure.

RattanIndia Power: New Delhi-based RattanIndia Power is closer to a debt resolution with lenders, allowing the company to bring in new investors and help revive the defunct coal-fired power plant at Amravati in Maharashtra.
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Havells India: The company said it would sell electric circuit breakers at a discount through Tata Power Delhi Distribution.

Coal India: Protests by workers at Coal India, over implementation of reforms including allowing 100% FDI in coal mining, on Tuesday paralysed operations and hit output by about 56 per cent, officials said
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Allcargo Logistics: The company is in final round of talks to pick up a controlling stake in express logistics company Gati. The company plans to buy the entire 14.38 per cent stake owned by the promoters, to be followed by an open offer.

GSK Pharma: GlaxoSmithKline is recalling heartburn drug Ranitidine from India, a day after India’s drug regulator asked pharma companies to check their products for carcinogen. GSK manufactures Ranitidine Hydrochloride IP Tablets 150 mg and 300 mg

CG Power & Industrial Solutions: The company has appointed Ashish Kumar Guha as its chairman after Gautam Thapar was ousted in August for allegedly being involved in financial irregularities that led to the company losing an estimated Rs 3,000 crore.

Insider Buys:
  • Anant Raj Limited: Amar Sarin has bought 1,24,847 shares through Market Purchase from Sep 20, 2019 to Sep 23, 2019.
  • Asian Granito India Limited: Donroy Ceramics Llp has bought 24,500 shares through Market Purchase on Sep 20, 2019.
  • Godrej Industries Limited: Anamudi Reao Estates Llp has bought 16,296 shares through Market Purchase on Sep 20, 2019.
  • IIFL Securities Limited: Nirmal Bhanwarlal Jain has bought 5,62,282 shares through Market Purchase on Sep 20, 2019.
  • IIFL Securities Limited: Venkataraman Rajamani has bought 75,199 shares through Market Purchase from Sep 20, 2019 to Sep 24, 2019.
  • Jagran Prakashan Limited: Dhirendra Mohan Gupta has bought 17,226 shares through Market Purchase on Sep 20, 2019.
  • Jagran Prakashan Limited: Tarun Gupta has bought 18,053 shares through Market Purchase on Sep 20, 2019.
  • KEC International Limited: Rpg Ventures Limited has bought 25,000 shares through Market Purchase on Sep 20, 2019.
  • Shree Tirupati Balajee FIBC Limited: Anant Agarwal has bought 36,000 shares through Market Purchase on Sep 23, 2019.
  • Vakrangee Limited: Dinesh Nandwana has bought 13,50,000 shares through Market Purchase on Sep 24, 2019.
Insider Sells:
  • Berger Paints (I) Limited: Flair Exports Private Limitedf has sold 15,000 shares through Market Sale on Sep 23, 2019.
  • Future Consumer Limited: Saurabh Kapoor has sold 40,000 shares through Market Sale from Aug 29, 2019 to Sep 13, 2019.
  • Global Offshore Services Limited: Clearwell Enterprises Limited has sold 2,40,000 shares through Market Sale from Sep 19, 2019 to Sep 20, 2019.
  • Godrej Agrovet Limited: Vinay Kumar Mishra has sold 18,000 shares through Market Sale on Sep 20, 2019.
  • Housing Development Finance Corporation Limited: Bhargava Rahul has sold 56,500 shares through Market Sale on Sep 20, 2019.
  • Housing Development Finance Corporation Limited: Mistry K M has sold 20,000 shares through Market Sale on Sep 23, 2019.
  • ICICI Bank Limited: Amit Palta has sold 16,750 shares through Market Sale from Sep 20, 2019 to Sep 23, 2019.
  • ICICI Bank Limited: Mayank Agrawal has sold 20,000 shares through Market Sale on Sep 23, 2019.
  • ICICI Bank Limited: Prashant Gupta has sold 20,000 shares through Market Sale on Sep 24, 2019.
  • ICICI Bank Limited: Sandeep Bakhshi has sold 1,50,000 shares through Market Sale on Sep 23, 2019.
  • ITC Limited: A. Roy has sold 15,000 shares through Market Sale on Sep 23, 2019.
  • ITC Limited: Dipak Haksar has sold 81,144 shares through Market Sale from Sep 20, 2019 to Sep 23, 2019.
  • ITC Limited: K.G. Stephanos has sold 41,700 shares through Market Sale on Sep 23, 2019.
  • ITC Limited: Krishnan Venkateswaran has sold 43,000 shares through Market Sale on Sep 23, 2019.
  • JSW Steel Limited: Jsw Steel Employees Welfare Trust - Esop Plan 2012 A\/C has sold 32,41,811 shares through Market Sale from Sep 20, 2019 to Sep 24, 2019.
  • L&T Finance Holdings Limited: Kapil Kalra has sold 20,000 shares through Market Sale on Sep 20, 2019.
  • MindTree Limited: Lso Investment Pvt. Ltd (Kamran Ozair) has sold 20,000 shares through Market Sale on Sep 23, 2019.
  • Sanco Industries Limited: Anurag Gupta has sold 59,171 shares through Market Sale from Jun 12, 2019 to Jun 13, 2019.
  • Tejas Networks Limited: Somnath Ojha has sold 68,673 shares through Market Sale on Sep 19, 2019.
  • Tourism Finance Corporation of India Limited: Redkite Capital Private Ltd. has sold 1,15,000 shares through Market Sale from Sep 20, 2019 to Sep 23, 2019.
  • Usha Martin Limited: Peterhouse Investments India Limited has sold 28,830 shares through Market Sale from Sep 20, 2019 to Sep 23, 2019.
Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

Bulk and Block Deals :
Blg Tickers Date Company Name Acquirer/Seller Buy /Sell Qty Traded Price
AARTECH 25-Sep-19 Aartech Solonics Limited Nikesh Agro Farms And Infrastructure Private Ltd Buy 72,000 35.43
ARAY 25-Sep-19 Anand Rayons Limited Amrapali Fincap Pvt Ltd Sell 124,000 38.30
GOKUL 25-Sep-19 Gokul Agro Resources Limited Jayeshkumar Kanubhai Thakkar Buy 5,764,849 17.50
GOKUL 25-Sep-19 Gokul Agro Resources Limited Balvantsinh Chandansinh Rajput Sell 5,764,849 17.50
GRSL 25-Sep-19 Gokul Refoils and Solvent Ltd Rajput Dharmendrasinh Balvantsinh Buy 6,252,349 16.85
GRSL 25-Sep-19 Gokul Refoils and Solvent Ltd Kanubhai Jivatram Thakkar Sell 6,252,349 16.85
HML 25-Sep-19 Hindoostan Mills Ltd Delta Investments Limited Buy 34,328 201.39
HML 25-Sep-19 Hindoostan Mills Ltd Paura Investments Private Limited Sell 22,639 201.07
PDMJ 25-Sep-19 Pudumjee Paper Products Limited Fujisan Technologies Limited Buy 505,944 15.50
PDMJ 25-Sep-19 Pudumjee Paper Products Limited Pudumjee Industries Ltd Sell 505,944 15.50
STI 25-Sep-19 Soma Textiles & Industries Ltd Arvindkumar Surendrakumar Somany Buy 1,600,000 3.67
STI 25-Sep-19 Soma Textiles & Industries Ltd Kgpl Industries & Finvest Pvtltd Sell 1,595,000 3.67
ANUP 25-Sep-19 The Anup Engineering Limited Abakkus Emerging Opportunities Fund - 1 Buy 100,000 410.00
VBL 25-Sep-19 Varun Beverages Limited Rj Corp Limited Sell 2,700,000 630.01
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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