Stocks To Watch: Mazagon Dock, Cochin Shipyard, Zee, UltraTech, Shriram Piston, Tips Industries

Mazagon Dock Shipbuilders Ltd. , Cochin Shipyard Ltd. , and Zee Entertainment Enterprises Ltd.

will be among the major stocks in focus on Thursday. Mazagon Dock Shipbuilders signed a contract worth Rs 1,615 crore with the acquisition wing of the Ministry of Defence, while Cochin Shipyard also received a contract worth Rs 488. 25 crore from the Defence Ministry.

Zee Entertainment on Wednesday said that Culver Max (formerly known as Sony Pi. . .

Mazagon Dock Shipbuilders Ltd. , Cochin Shipyard Ltd. , and Zee Entertainment Enterprises Ltd.

will be among the major stocks in focus on Thursday. Mazagon Dock Shipbuilders signed a contract worth Rs 1,615 crore with the acquisition wing of the Ministry of Defence, while Cochin Shipyard also received a contract worth Rs 488. 25 crore from the Defence Ministry.

Zee Entertainment on Wednesday said that Culver Max (formerly known as Sony Pictures Networks India Pvt. ) and Bangla Entertainment have agreed to discuss the extension of the merger date. U.

S. Treasuries clung to gains while stocks strove to hold onto a rebound after a fresh batch of data left traders measuring the chances of a soft landing for the world’s largest economy, Bloomberg reported. The S&P 500 index and Nasdaq 100 advanced 0.

14% and 0. 38%, respectively, as of 1. 06 p.

m. New York time. The Dow Jones Industrial Average rose by 0.

18%. Brent crude was trading 0. 16% higher at $79.

36 a barrel. Gold fell 0. 26% to $2,034.

98 an ounce. Indian stock benchmark Nifty 50 dropped the most in 10 months to retreat from all-time highs as investors booked profits, halting its record-setting burst. The Nifty 50 ended 302.

95 points, or 1. 41%, lower at 21,150. 15, while the Sensex closed 930.

88 points, or 1. 3%, down—the most since Oct. 26—at 70,506.

31. Intraday, the Nifty hit a low of 21,087. 35 and the Sensex fell to 70,302.

60. The declines were broad-based, with all sectoral indices ending lower. Overseas investors remained net sellers of Indian equities for the third consecutive session on Wednesday.

Foreign portfolio investors offloaded stocks worth Rs 1,322. 1 crore, while domestic institutional investors mopped up stocks worth Rs 4,754. 3 crore, according to provisional data from the National Stock Exchange.

The Indian rupee closed at Rs 83. 18 against the dollar. Stocks To Watch Mazagon Dock Shipbuilders: The company signed a contract worth Rs 1,615 crore with the Ministry of Defence for the construction and delivery of six next-generation offshore patrol vessels for the Indian Coast Guard.

Cochin Shipyard: The company received an order worth Rs 488. 25 crore from the Defense Ministry to repair and maintain equipment and systems onboard the naval vessel. Zee Entertainment: Culver Max and Bangla Entertainment have agreed to discuss the extension of the merger date.

The deadline for the completion of the merger was set as Dec. 21. BSE: The company received approval from the Securities Exchange Board of India for appointing Pramod Agrawal as chairman effective from Jan.

17, 2024. UltraTech Cement: The company will buy a stake in renewable energy company Clean Max Terra for Rs 20. 25 crore.

Adani Green Energy: The company will consider a proposal to raise funds via multiple instruments on Dec. 26 ICICI Bank: The company received the Reserve Bank of India’s nod for the re-appointment of Sandeep Batra as executive director. Raymond: The company’s unit has incorporated the wholly owned subsidiary Ten X Realty East with the objective of undertaking real estate business.

Flair Writing: The company reported revenue of Rs 257 crore for Q2 FY24 and net profit of Rs 33. 15 crore for Q2 FY24. REC: The company unit incorporated a wholly owned subsidiary Kankani Power Transmission.

Sonata Software: The company signed a contract with AMMEGA Group, a global leader in conveyor belts and power transmission with manufacturing sites and customer solution centers around the world. Tarsons Products: The company will acquire German medical distributor Nerbe for about €10-15 million. Manali Petrochemical: The company has resumed its operations at the Chennai plant.

IPO Offerings Motisons Jewellers: The public issue was subscribed 159. 61 times on day 3. The bids were led by non-institutional investors (233.

91 times), institutional investors (157. 40) times, and retail investors (122. 28 times).

Suraj Estates: The public issue was subscribed 15. 65 times on day 3. The bids were led by institutional investors (24.

31 times), non-institutional investors (18. 9 times), and retail Investors (9. 3 times).

Muthoot Microfin: The public issue was subscribed 11. 52 times on day 3. The bids were led by institutional investors (17.

47) times, non-institutional investors (13. 20 times), retail investors (7. 61 times), and employee reserved (2.

87 times). Credo Brands: The public issue was subscribed 6. 95 times on day 2.

The bids were led by non-institutional investors (233. 91 times), institutional investors (157. 40) times, and retail investors (122.

28 times). RBZ Jewelers : The public issue was subscribed 7. 15 times on day 2.

The bids were led by non-institutional investors (3. 49 times), retail investors (13. 14 times), and institutional investors (0.

05) times. Happy Forgings: The public issue was subscribed 159. 61 times on day 2.

The bids were led by non-institutional investors (11. 48 times), retail investors (8. 78 times), and institutional investors (0.

35 times). Azad Engineering: The public issue was subscribed 3. 31 times on day 1.

The bids were led by non-institutional investors (6. 13 times), retail investors (3. 93 times), and institutional investors (0.

05 times). Innova Captab: The IPO will open for bids on Thursday. It will comprise a fresh issue of Rs 320 crore and an offer for sale of Rs 250 crore.

The price band is fixed at Rs 426 – 448 apiece. The company has raised Rs 76. 74 crore from anchor investors.

Block Deals Astral: Saumya Polymers LLP sold 36. 2 lakh shares (1. 34%), Kairav Chemicals sold 10.

6 lakh shares (0. 39%), while Morgan Stanley Institutional Fund Emerging Markets Portfolio bought 13. 22 lakh shares (0.

49%), Nippon India Mutual Fund bought 12 lakh shares (0. 44%), Government Of Singapore bought 8. 83 lakh shares (0.

32%), Abu Dhabi Investment Authority bought 5. 25 lakh shares (0. 19%), Morgan Stanley Asia Singapore PTE bought 2.

2 lakh shares (0. 08%), among others, at Rs 1,889. 8 apiece.

Nippon Life India Asset Management: IndusInd Bank sold 1. 7 crore shares (2. 86%) at Rs 445.

35 apiece, while SBI Mutual Fund bought 77. 82 lakh shares (1. 23%), ICICI Prudential Mutual Fund bought 47.

01 lakh shares (0. 92%), Norges Bank bought 9. 34 lakh shares (0.

14%), Societe Generale bought 9 lakh shares (0. 14%), Morgan Stanley Asia Singapore Pte bought 2. 25 lakh shares (0.

03%), among others at Rs 445. 35 apiece. Shriram Piston and Ring: K S Kolbenschmidt GMBH sold 39 lakh shares (8.

85%) while Abakkus Asset Manager LLP through 5 of its funds bought 34. 63 lakh shares (7. 86%), AL Mehwar Commercial Investments LLC bought 4.

36 lakh shares (0. 99%) at Rs 1,103. 6 apiece.

Bulk Deals Tips Industries: Kumar Sadhuram Taurani sold 34 lakh shares (2. 64%) at Rs 346. 44 apiece, Ramesh Sadhuram Taurani sold 34 lakh shares (2.

64%) at Rs 342. 91 apiece, while F3 Advisors bought 14. 14 lakh shares (1.

1%) at Rs 345. 78 apiece, Mansi Share and Stock Advisors bought 7. 33 lakh shares (0.

57%) at Rs 346. 21 apiece, Sahastraa Advisors bought 6. 6 lakh shares (0.

51%) at Rs 344. 79 apiece. India Shelter Finance: Goldman Sachs Funds bought 5.

91 lakh shares (0. 55%) at Rs 593. 08 apiece.

Nippon India Mutual Fund bought 10. 10 lakh shares (0. 94%) at Rs 572.

81 apiece. Symphony: HDFC Mutual Fund Multi Cap Fund bought 6 lakh shares (0. 87%) while Swayat Trading Co sold 6 lakh shares (0.

87%) at Rs 880 apiece. Landmark Cars: Bajaj Finance sold 3. 2 lakh shares (0.

79%) at Rs 805. 58 apiece. Insider Trades Usha Martin : Promoter group Peterhouse Investments India sold 30,000 shares on Dec.

19. ION Exchange : Promoter group Mahabir Prasad Patni sold 1 lakh shares between Dec. 11 and 19.

Ultramine and Pigments : Promoter Deepa Ajay sold 13,967 shares between Dec. 18 and 19. Promoter S Narayanan sold 16,839 shares on Dec.

19. Who’s Meeting Whom Khadim: To meet investors and analysts on Dec. 26.

Krsnaa Diagnostics: To meet investors and analysts on Dec. 26. Jyoti Resins and adhesives: To meet investors and analysts on Dec.

21. Waaree Renewable Technologies: To meet investors and analysts on Dec. 26.

UltraTech Cement : To meet investors and analysts on Dec. 21. Trading Tweaks Moved into short-term ASM framework: Nintec Systems, PC Jeweller, Spencer’s retail.

Moved out of short-term ASM framework: AGS Transact Technologies, Patel Engineering. F&O Cues Nifty December futures down by 1. 66% to 21,169.

5 at a premium of 19. 35 points. Nifty December futures open interest up by 2.

49%. Nifty Bank December futures down by 1. 37% to 47,349.

85 at a discount of 95. 45 points. Nifty Bank December futures open interest up by 0.

9%. Research Reports Archean Chemical – Robust Long-Term Growth Outlook: Axis Securities Initiates Coverage With A ‘Buy’ Happy Forgings IPO – Outlook, Valuation, Key Strengths, Risks, Peer Analysis And More: KRChoksey Varun Beverages – Expanding Global Presence With Acquisition In South Africa: Motilal Oswal PI Industries – Maintain Buy As 11% Fall Has Priced In Worries: Nirmal Bang Manappuram Finance – Non-Gold Businesses Appear Promising If Executed Well: Motilal Oswal Accenture’s Q1 FY24 Commentary Points To Unchanged Demand Environment: Motilal Oswal (Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Ltd, an Adani Group Company. ).