The benchmark indices ended with modest cuts on Thursday, March 31, 2022. Trading was volatile as March 2022 F&O contracts expired today, March 31, 2022. The S&P BSE Sensex fell 115.48 points or 0.20% at 58,568.51. The Nifty 50 index lost 33.50 points or 0.19% to settle at 17,464.75. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, April 1, 2022. List of such Stocks:

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IPO Update: Hariom Pipe IPO + Veranda Learning IPO 

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Hariom Pipe IPO: The Rs 130.05-crore initial public offering of Hariom Pipe Industries was subscribed 1.48 times on Thursday the second day for bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.44 times. The portion reserved for retail individual investors (RIIs) was subscribed 3.55 times and the Non-Institutional Investors (NIIs) portion was subscribed 0.32 times. Hyderabad-based Hariom Pipe Industries has been fixed the price band at Rs 144-153 per share. Investors can bid for a minimum of 98 shares and in multiples of 98 shares thereafter. The offer will close on April 5, 2022.

Veranda Learning IPO: The Rs 200-crore initial public issue (IPO) of Veranda Learning Solutions closed with 3.53 times subscription on Thursday, March 31, 2022. The Qualified Institutional Buyers (QIBs) portion was subscribed only 2.02 times and the Non-Institutional Investors (NIIs) portion was subscribed 3.87 times. The Retail Individual Investors (RIIs) portion was subscribed 10.76 times.

ONGC: The government's Offer-For-Sale (OFS) to offload a 1.5% stake in India's top oil and gas producer was subscribed 2.66 times. The Offer-For-Sale (OFS), which opened for retail investors on Thursday, was subscribed 0.72 times. The 1.5% equity sale has garnered Rs 3,000 crore for the exchequer. Besides, Oil and Natural Gas Corporation Limited (ONGC) will commercialize another Basin – the Vindhyan Basin. On testing, the well-produced over 62,044 cubic meters/day of gas, thus confirming the production potential of the Proterozoic Basin for the first time in India. This would be the ninth producing Basin of India; the eighth by ONGC.

Oil & Gas Stocks: The government on Thursday announced a hike in the domestic natural gas prices to $6.10 per MMBtu for six months (from April-September 2022). Currently, the price of domestic natural gas stands at $2.9 per MMBtu. The new price will be applicable for six months beginning April 1, 2022. 

OMCs + Airlines in Focus: Jet fuel prices on Friday were hiked by 2 per cent – the seventh straight increase this year – to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel (ATF) – the fuel that helps aeroplanes fly – was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs 1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel retailers. 

MGL: The city gas utility Mahanagar Gas on Thursday announced a steep reduction in the retail price of CNG by Rs 6 per kg and piped gas by Rs 3.50 per SCM, effective from April 1, 2022. The company has said that the prices were reduced in line with the Maharashtra government's decision where it has reduced VAT on natural gas from 13.5 per cent to 3 per cent from April 1, 2022. MGL has decided to pass on the entire benefit to end consumers.

HDFC Asset Management Company Ltd: LIC increased its stakes in the company from 5.005% to 7.026%. It bought the stakes between September 24, 2021, and March 30, 2022. Besides, the Board of Directors of the Company is scheduled to meet on April 27, 2022, to consider and approve the audited financial results of the Company for the quarter and year ending March 31, 2022, and recommend a Dividend, if any, for the financial year ending March 31, 2022. 

Lupin Ltd: The US FDA has concluded an inspection at the Company's wholly-owned subsidiary Novel Laboratories, Inc., based in Somerset, New Jersey, the US. The inspection commenced on March 7, 2022, and concluded on March 30, 2022. The inspection closed with thirteen observations. The Company does not believe that this will have an impact on the disruption of supplies or the existing revenues from operations of this facility. The facility contributes less than 5% of the Company's global revenues.

Gokaldas Exports Ltd.: The company on Thursday said that the stringent restrictions in Shanghai and other centres in China amid a sudden surge of COVID-19 cases would cause delays in receipt of key raw material components required for the company's production. Overall, the company expects two weeks delay in imported raw material delivery schedules from the planned date, possibly impacting production partially in the short term.

Hero Motocorp Ltd.: The world’s largest manufacturer of motorcycles and scooters on Thursday launched the new Destini 125 ‘XTEC’. Hero Destini 125 will be available at Hero MotoCorp dealerships across the country at a starting price of Rs 69,900 for the STD variant and Destini 125 XTEC starts at Rs 79,990. *(Ex-Showroom, Delhi). Besides, more than Rs 800 crores were siphoned off, reportedly, by layering by an event management entity of a company. IT Department sources tell us that the company mentioned in the press release is Hero Motocorp. In addition, the promoter has increased its stake in the company from 34.75% to 34.78%.

Gujarat Alkalies & Chemicals Ltd (GACL): The Company has said that GACL-NALCO Alkalies & Chemicals Private Limited ('GNAL'), a Joint Venture Company between GACL and National Aluminium Company Limited ('NALCO') has been formed to set up 800 TPD Caustic Soda Plant along with 130 MW Captive Power Plant at Dahej. GNAL is a Material Subsidiary of the Company.

NTPC: State-run generation utility NTPC as a group pumped out 360 billion units (BU) of electricity in 2021-22, marking a 14.6% increase from a year ago, indicating a robust economic turnaround. On a standalone basis, NTPC generated 299 BU in 2021-22, an increase of more than 10% from the previous year. Besides, the construction of state-run NTPC's Barh thermal power project in Bihar has the involvement of Russian entities has been affected due to various sanctions against Russia, Parliament was informed on Thursday.

Tour and Travel companies: providing relief to the domestic tour companies, the government on Thursday said domestic tour operators will not be required to collect tax on the sale of overseas tour packages to non-residents visiting India. This move will boost travel booking from India

JSPL: Jindal Steel & Power has won two coal blocks for commercial coal mining purposes in Odisha. 

Sterling & Wilson: Shapoorji Pallonji and Company Pvt Ltd (SPCPL) on Thursday said it has repaid Rs 12,450 crore to its lenders to achieve an early exit from the COVID one-time resolution (OTR) plan. 

NCC Limited: Company along with other shareholders of NCC Vizag Urban Infrastructure Limited ("NCCVUL") (Subsidiary Company) have entered into a Share Purchase Agreement with GRPL Housing Private Limited to sell and transfer their entire shareholding in NCCVUL to GRPL, subject to obtaining all applicable regulatory approvals. The total consideration money for the sale stands at Rs 200 crore. Upon completion of the aforesaid transaction in terms of the SPA, the Company shall transfer its entire shareholding in NCCVUL and NCCVUL will cease to be a subsidiary of the Company.

Vedanta: Vedanta Limited Board has approved plans for the Group to source 580 MW of Renewable Energy (RE) for its operations across India. The company on Thursday announced that it has signed a Power Delivery Agreement (PDA) with special purpose vehicles (SPVs) i.e. affiliates of Sterlite Power Technologies Pvt Ltd (SPTPL) – a company engaged in business to supply hybrid‐based power with solar, wind and storage solutions. Vedanta Ltd and its subsidiaries will own 26% of the equity in the respective SPVs at a total investment of up to Rs 850 crore with an expected IRR of more than 5%

Ruchi Soya Industries Ltd: The Board of Directors of the Company on Thursday approved the issue price of Rs 650 per equity share. The Anchor Investor Issue Price has also been set at Rs 650 per equity share. 

Bulk Deal  

Max Health: Norges Bank acquired 49.43 lakh shares. SBI MF bought 63.46 lakh shares. WF Asian Smaller Companies Fund acquired 1.33 crore shares. The government of Singapore purchased 1.07 crore shares. Smaller Cap World Fund Inc bought 1.64 crore equity shares. Kayak Investments Holding Pte Ltd sold 9.69 crore shares. All these transactions happened at an average price of Rs 340/share. Deal value stands at Rs 3,300 crore.