Stocks in Focus on September 27: PVR, Inox Leisure, Liquor Stocks, Sugar Stocks to Biocon; here are the 5 Newsmakers of the Day
Sensex roared above the psychological 60,000-mark on Friday, September 24, 2021, to create stock market history.
Sensex roared above the psychological 60,000-mark on Friday, September 24, 2021, to create stock market history. The S&P BSE Sensex rose 163.11 points, or 0.27%, to end at a fresh record high of 60,048.47. The Nifty 50 gained 30.25 points, or 0.17%, to another all-time high of 17,853.209. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, September 27, 2021. List of such five stocks:
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PVR/Inox Leisure: Maharashtra Government approved the opening of cinema halls and auditoriums in the state from October 22. 2021. SOP for entry will be issued soon. Besides, cinema halls and auditoriums in Karnataka will be allowed to operate at full capacity from October 1, while adhering to COVID norms. The guidelines mandate a minimum of one dose of vaccine along with other social distancing norms.
Liquor + UBL
Liquor Stocks: Liquor stocks will remain in focus today as Karnataka Government has permitted pubs to operate from October 3, 2021.
United Breweries: Competition Commission of India (CCI) has imposed penalties totalling over Rs 873 crore on United Breweries Ltd, Carlsberg India, All India Brewers' Association (AIBA) and other individuals for cartelisation in the sale and supply of beer in various states and Union Territories. A final order has been passed against three beer companies -- United Breweries Ltd (UBL), SABMiller India Ltd, now renamed as Anheuser Busch InBev India Ltd (AB InBev), and Carlsberg India Private Ltd (CIPL). The fines on UBL and Carlsberg India are Rs 751.83 crore and Rs 120.6 crore, respectively. A fine of over Rs 6.25 lakh has been imposed on AIBA and various individuals have also been fined by the regulator. The period of cartelisation was considered to be from 2009 to at least October 10, 2018, with CIPL joining in from 2012 and AIBA serving as a platform for facilitating such cartelisation since 2013.
Sugar Stocks: Sugar stocks will be in focus today as the Uttar Pradesh Government on Sunday announced a Rs 25 per quintal hike in the purchase price of sugarcane in the state. With this, the prices of sugarcane have increased from Rs 325 per quintal to Rs 350 per quintal. The announcement was made by Uttar Pradesh Chief Minister Yogi Adityanath.
Biocon: US FDA has completed an on-site pre-approval inspection (PAI) of the Biocon Biologics Insulin Manufacturing Facility in Malaysia for Insulin Aspart between September 13 and 24, 2021. After the inspection, the agency has issued a Form 483 with a total of 6 observations across Drug Substance, Drug Product and Devices Facilities. The company does not expect the outcome of this inspection to impact our commercialization plans for insulin Aspart in the US.
Insider Trades + Bulk Deals
GMR Infrastructure: Promoter sold 5.99 crore shares from September 22 to 24, 2021.
Apollo Tyre: Promoter sold 5.3 lakh shares on September 24, 2021. GATI: Promoter TCI Express sold 50,000 shares on September 22, 2021.
Mayur Uniquoters: Promoters Sold 2.5 Lakh Shares (0.56% Equity) In Open Market on Friday (24-September).
Sansera Engineering: Nomura funds Bought 6 lakh shares at 820.10/share. Plutus Wealth Mgt Bought 5 Lakh Shares at 811.50/share. IIFL MF Bought 4.7 Lakh shares at 820.1/share. IIFL AMC Bought 3.97 lakh shares at 818/share. Abu Dhabi Invest Authority Bought 4.88 Lakh shares at 821.5/share.
Andhra Cements: Topgain Finance bought 15.17 lakh shares (0.52%) at Rs 17.15 per share.
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