Stocks in Focus on July 21: Telecos, Jubilant Life Sciences to BEML; here are expected newsmakers of the day

Key domestic barometers ended near the day's high on Monday, July 20, 2020, extending gains for the fourth straight session. The Nifty managed to close above the psychological 11,000-mark. The barometer S&P BSE Sensex rose 398.85 points or 1.08% at 37,418.99. The Nifty 50 index gained 120.50 points or 1.11% at 11,022.20. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, July 21, 2020. List of such five stocks:

Railway stocks and other large corporate houses in focus: The Government likely to conduct the first pre-bid meeting on private player train project today, i.e. July 21, 2020. As per reports, the Railways will meet with all the possible private players for receiving questions and understand other aspects from the private players. Railway targets to run first private player by March 2023. Big giants like Tata, Adani Group, Bombardier, Alstom, Essel Group amongst others have shown interest.

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AGR Hearing: The Supreme Court (SC) heard the plea by telecom companies to allow staggered repayment of their adjusted gross revenue (AGR) dues on Monday. The court reserved the order on the time to be provided to telcos for the repayment of AGR dues. The next hearing in the matter has been scheduled for August 10. Recalculation and reassessment not permitted by telcos.

Jubilant Life Sciences: Jubilant Life Sciences on Monday said it has received drug regulator DCGI approval for the generic version of antiviral drug remdesivir 100 mg/vial for restricted emergency use in India for treatment of severe COVID-19. Jubilant’s remdesivir product will be marketed under the brand name ‘JUBI-R’ in India and will be made available in 100 mg vials (injectable). With this, Jubilant Life becomes the fourth Indian company to manufacture Remdesivir.

BEML: The Acquisition Wing of Ministry of Defence yesterday signed a Contract with Bharat Earth Movers Limited (BEML) for procurement of 1,512 Mine Plough for Tank T-90 S/SK at an approximate cost of Rs 557 crore.

ICICI Securities/ IIFL Securities/ Edelweiss/Motilal Oswal /5Paisa: The Sebi on Monday released framework to enable verification of upfront collection of margins from clients in cash and derivatives segments. The new framework will come into effect from December 1, 2020. The regulator in its circular has asked brokers to collect the upfront so-called value at risk (VAR) margin and extreme loss margin (ELM) even for trading in the equity cash segment. It has asked the clearing corporations to send at least four snapshots of client wise margin requirement to the trading member (TM) or clearing member (CM) for them to know the intra-day margin requirement per client in each segment. For commodity derivatives segment, Sebi said the last snapshot for commodity derivatives will be generated at 5 PM. The client wise margin file provided by the clearing corporations to trading or clearing member will contain the end of the day (EOD) margin requirements of the client as well as the peak margin requirement of the client, across each of the intra-day snapshots. The verification of the availability of margins with TM/ CM will be done by exchanges or clearing corporations every week by verification of the balances in the books or the TM/ CM in respect of the client. With regard to penalty, Sebi said higher of the shortfall in collection of the margin obligations at the two prescribed manner will be considered for levying of fine.