NIFTY HIGH LOW

Stocks To Watch

🔹Hindustan Unilever: GSK Group to sell 5.69 percent stake in the company for $3.3-3.5 billion. The offer prices for 13.37 crore shares ranges between Rs 1,850 - 1,950 per share. The offer prices is at a 3-8 percent discount to Wednesday's closing price. Offering is done via secondary placement of shares. Expected trade date for the same is May 7. Post this, the GSK group would have completely offlo

🔹Vedanta: News reports that the sale of its stake in its oil arm Cairn worth over $1 billion is said to stall.

🔹Dr. Reddy’s Laboratories: Received approval for Celecoxib oral solution from the U.S. FDA. The said drug is used to treat migraine.

🔹Aster DM Healthcare: The company's clinical arm, Aster Clinical Lab LLP has started to provide RT-PCR confirmatory test services for Covid-19 in Bengaluru. The lab is fully equipped with advanced instruments to serve routine & specialized investigation e.g. Biochemistry, Haematology, Microbiology, Molecular Diagnostics, Cytogenetics, Digital Histopathology etc.

🔹TCS: Continental Bank selects TCS BaNCS Cloud to offer richer, digitalised customer experiences. TCS BaNCS will help Continental Bank unify its offerings, integrate lease applications and offer its small and medium business customers a superior banking experience.

🔹Canara Bank: Revises Marginal Cost of Fund Based Lending Rate (MCLR). Overnight and one-month MCLR now at 7.5 percent while one-year MCLR at 7.85 percent. Repo Rate Linked Lending Rate for retail and MSME loans now at 7.3 percent from May 7.

🔹Indian Overseas Bank: The bank revises its Marginal Cost of Fund Based Lending Rate (MCLR). While the overnight and one-month MCLR is unchanged, the one-year MCLR is now at 8.25 percent from 8.15 percent while the two and three-year MCLR is at 8.30 and 8.35 percent respectively.

🔹BPCL: News reports that the Numaligarh Refinery has awarded a Rs 300 crore contract to Thyssenkrupp.

🔹NHPC: Board approved raising debt of Rs 2,000 crore for the fiscal year 2021.

🔹Adani Transmission: Board to consider raising funds on May 9.

🔹Coal India: Fine worth Rs 43.3 crore imposed on the company for illegal mining in Assam forest.

🔹Eicher Motors: Board approved appointment of Kaleeswaran Arunachalam as the Chief Financial Officer.

🔹HDFC: To raise Rs 5,000 crore via NCDs.

🔹ACC: The company will hold a board meeting to consider and approve revoking the recommendation for payment of final dividend for 2019, to cancel the earlier record date fixed for the purpose of the final dividend, to declare payment of interim dividend for 2019 if any and to fix a new record date for payment of interim dividend if declared.

🔹Hindustan Aeronautics: The Ministry of Finance has appointed IDBI Capital Markets, SBI Capital Markets and Yes Securities as merchant bankers and selling brokers for divestment of 15 percent of the government's stake in the company through an Offer for Sale (OFS). Trilegal has been appointed as the legal advisor for the same.

🔹Maruti Suzuki: To restart production of vehicles at its Manesar plant from May 12.

🔹Other Companies That Resumed Operations: Escorts, Arvind Fashions, Whirlpool, Pidilite, TVS Srichakra, Munjal Auto, Ganesha Ecosphere, Cochin Shipard, Gabriel India, Sundram Fasteners, Talbros Engineering, Lux Industries.

🔹Non-Nifty Earnings Today: RBL Bank, ICICI Securities, Solara Active Pharma, Cigniti Technologies, Cyient, Gilette, SKF, 5Paisa Capital.

🔹Workhardt: Promoter Themisto Trustee released a pledge of 73.5 lakh shares on May 6.

🔹Tata Steel: To meet Nippon MF and Morgan Stanley between May 8-11.

🔹Mindtree: Promoter Subroto Bagchi sold 2,000 shares on May 4.