Stocks in Focus on December 30: Bosch, IndiGo, PVR, Two-Wheeler stocks, Varun Beverages and many more

At the stock markets, the Sensex at the Bombay Stock Exchange (BSE) fell 91 points, or 0.16%, to end at 57,806, on Wednesday, December 29, 2021. The Nifty at the National Stock Exchange shed 20 points, or 0.11%, to 17,214. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, December 30, 2021. List of such five stocks:

Bosch/Rane Madras: (Zee Business Exclusive) Two front airbags will be made compulsory in passenger vehicles from January 1, 2022, onwards. Sources aware of the development informed Zee Business that the government has no plans to extend the deadline beyond December 31, 2021. The government in the past has extended the date from August 31, 2021, to December 31, 2021. Currently, only one airbag is mandatory in vehicles.

IndiGo: IndiGo’s two largest shareholders, Rahul Bhatia and Rakesh Gangwal, who collectively hold 74.44% of the paid-up equity share capital have called an extraordinary general meeting (EGM) on Thursday to amend its Articles of Association (AoA) and remove restrictions on the transfer of promoter shares.

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PVR: Multiplex chain operator PVR Ltd on Wednesday said it has raised ticket prices in Telangana in line with the latest directions issued by the state government. Currently, the movie tickets of mainstream seats attract a price of Rs 150, which will be raised Rs 250 + GST, while the recliner seats will be charged Rs 300 + GST as against Rs 250 currently. As of date, PVR operates 62 screens across 11 properties in the state of Telangana.

Hero MotoCorp + Bajaj Auto + TVS Motor + OMCs: In Jharkhand, Chief Minister Hemant Soren on Wednesday announced a relief of Rs 25 per litre on Petrol prices for two-wheeler owners coming from the lower and middle-income group. The beneficiaries will start getting benefits of the waiver at Petrol prices from January 26, 2022.

Supreme Industries in Focus: Nine shares including AB Capital, IDFC, GNFC, NBCC will enter the January Series of F&O from tomorrow. NSE has excluded Supreme Industries from the list.

Delta Corp / Hotel Stocks in focus / Liquor stocks: Restrictions has been imposed in Goa due to rising cases of COVOD-19 and casinos, cinema halls, auditoriums, river cruises, water parks and entertainment parks will operate at 50% capacity. The Goa government has made it mandatory for people to be fully vaccinated or carry a COVID-19 negative report to attend parties or enter restaurants in the coastal state. This would be valid for all New Year celebrations too across the state. The Madras High Court on Wednesday allowed New Year celebrations in neighbouring Puducherry but imposed restrictions on the sale of liquor. The court, however, directed that liquor should not be sold for three hours (between 10 PM on December 31 and 1 AM) on New Year's night in Puducherry, i.e., January 1, 2022.

Gayatri Projects: The consortium of bankers led by the Bank of Baroda has initiated a Forensic Audit and in this regard have appointed a Forensic Auditor for the purpose. This requirement is a prerequisite for the debt restructuring discussion being undertaken with the banks. This is in line with the request for debt restructuring that the Company has submitted to the Banks owing to delay in debt servicing on account of cash flow mismatch.

Varun Beverages: The Company has incorporated a New Company i.e. 'Varun Beverages RDC SAS' in the Democratic Republic of Congo to carry on the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages. Paid-up Share Capital stands at USD 10,000 divided into 1,000 Shares of the face value of USD 10 each.

BPCL: LIC has bought 2.019% stakes in the company between June 11, 2018, and December 28, 2021. 

HP Adhesives: Nexus Global Opportunities Fund sells 304,923 shares at Rs 369.20 per share.