Stocks in the news: Wipro, Jet Airways, RCom, Lupin, PNB Housing and Allahabad Bank

NEW DELHI: Nifty futures on the Singapore Exchange were trading 17 points, or 0.16 per cent, lower at 10,786.50, indicating a negative start for the Nifty50. Here are a few stocks which may buzz the most in today's trade:

Bharat 22 ETF stocks: Edelweiss Securities said that arbitrageurs may redeem units of the recently concluded ETF offering, so as to unwind the arbitrage positions and hence the ETF components are likely to be under pressure on Thursday.

Wipro: The IT major said it would sell its Workday and Cornerstone OnDemand practices, acquired through Appirio buyout, to Alight for $110 million.

Jet Airways: The company has in the last two months trimmed its fleet by 28 planes and will ground about a dozen more aircraft in March mainly due to non-payment of rentals, said two people in the know.

Lupin: Stock exchanges have sought clarification on a media report suggesting the Delhi HC has set aside government ban on Lupin's anti-diabetic drug Gluconorm-30.

Reliance Communications: Financial creditors of the debt-ridden Reliance Communications opposed its plea to release the Income tax refunds to clear dues of Ericsson before the National Company Law Appellate Tribunal (NCLAT).

DHFL: Dewan Housing Finance Corporation expressed concerns over ICRA's re-rating of its commercial papers (CPs) citing it is not merit-based and is unwarranted.

Pharma stocks: The government said Wednesday it has brought 42 non-scheduled anti-cancer drugs under price control, capping trade margin at 30 per cent, which would reduce their retail prices by up to 85 per cent.

SBI: The State Bank Group has said as much as Rs 7,951.29 crore involving 1,885 cases of fraudulent activities have come to light during the first nine months of the current fiscal year. In an RTI reply, the nation's largest lender said, the first quarter reported 669 cases of fraudulent activities amounting to Rs 723.06 crore, the second quarter saw 660 cases involving Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore.

PNB, Allahabad Bank: State-owned Allahabad Bank has taken the lead in lowering lending rates, following Reserve Bank of India's appeal last week for softer rates after its 25 basis points repo rate cut failed to achieve monetary transmission. State-owned Punjab National Bank also said it will reduce the marginal cost of funds-based lending rate

PNB Housing Finance: The company said it has raised Rs 235 crore by issuing bonds with maturity of 1.5 years. The non-banking finance company will allot the secured redeemable non-convertible debentures (series XLIV) on Thursday (Feb 28, 2019), PNB housing Finance said in a regulatory filing.

BHEL: State-run engineering firm BHEL Wednesday said it has paid an interim dividend of 40 per cent for financial year 2018-19. This is the highest dividend paid by BHEL in a single year, in the last five years, the company said in a statement.

IOC, HPCL: State-owned Indian Oil Corp (IOC) has won licences to retail gas in 10 cities while Hindustan Petroleum Corp Ltd (HPCL) won rights for nine towns as oil regulator PNGRB announced winners for the 10th city gas bid round.

Board meetings

ADRs/GDRs
ADRs of Tata Motors, Vedanta, WIpro, ICICI Bank and Dr Reddy's dropped up to 3.74 per cent. HDFC Bank an Infosys declined up to 0.35 per cent. GDRs of Reliance Industries rose 0.33 per cent.

Insider Buys:

• Bajaj Holdings & Investment Limited: Bajaj Auto Limited has bought 2,24,742 shares through Market Purchase from Feb 25, 2019 to Feb 26, 2019.
• Crest Ventures Limited: Priyanka Finance Pvt. Limited has bought 18,513 shares through Market Purchase on Feb 22, 2019.
• Greaves Cotton Limited: Karun Carpets Private Limited has bought 22,120 shares through Market Purchase on Feb 25, 2019.
• Hindustan Construction Company Limited: Arya Capital Management Pvt Ltd has bought 3,46,037 shares through Market Purchase on Feb 21, 2019.
• IDFC First Bank Limited: Idfc Financial Holding Company Limited has bought 62,000 shares through Market Purchase on Feb 26, 2019.
• Indo Thai Securities Limited: Indo Thai Wealth Management Private Limited has bought 40,076 shares through Market Purchase on Feb 25, 2019.
• KCP Limited: Velagapudi Kavitha Dutt has bought 25,000 shares through Market Purchase from Feb 18, 2019 to Feb 25, 2019.
• MEP Infrastructure Developers Limited: A J Tolls Private Limited has bought 2,50,000 shares through Market Purchase on Feb 22, 2019.
• Omax Autos Limited: Jatender Kumar Mehta has bought 65,410 shares through Market Purchase from Feb 22, 2019 to Feb 25, 2019.
• Opto Circuits (India) Limited: Usha Ramnani has bought 1,02,000 shares through Market Purchase on Feb 21, 2019.
• Shree Pushkar Chemicals & Fertilisers Limited: Gautam Gopikishan Makharia has bought 44,500 shares through Market Purchase on Feb 15, 2019.
• Strides Pharma Science Limited: Lifecell International Private Limited has bought 10,00,000 shares through Market Purchase from Feb 22, 2019 to Feb 25, 2019.
• Sunteck Realty Limited: Glint Infraprojects Pvt Ltd has bought 25,000 shares through Market Purchase on Feb 22, 2019.

Insider Sells:

• Dabur India Limited: Sunil Duggal has sold 60,000 shares through Market Sale from Feb 22, 2019 to Feb 25, 2019.
• Future Consumer Limited: Manmohan Rathi has sold 49,934 shares through Market Sale from Jul 4, 2018 to Feb 11, 2019.
• HDFC Life Insurance Company Limited: Badrish Kulhalli has sold 15,000 shares through Market Sale on Feb 21, 2019.
• HDFC Life Insurance Company Limited: Rajendra Ghag has sold 35,000 shares through Market Sale on Feb 22, 2019.
• ICICI Bank Limited: Anupam Verma has sold 15,000 shares through Market Sale on Feb 25, 2019.
• Lemon Tree Hotels Limited: Cyrus Mehernosh Madan has sold 2,30,000 shares through Market Sale from Feb 20, 2019 to Feb 22, 2019.
• Lemon Tree Hotels Limited: Prashant Mehrotra has sold 22,700 shares through Market Sale from Feb 19, 2019 to Feb 21, 2019.
• Opto Circuits (India) Limited: Thomas Dietiker has sold 5,86,568 shares through Market Sale from Feb 15, 2019 to Feb 18, 2019.
• Orient Abrasives Limited: Bombay Minerals Limited has sold 9,00,000 shares through Market Sale on Feb 25, 2019.
• Strides Pharma Science Limited: Abusha Investments & Management Services Llp has sold 10,00,000 shares through Market Sale from Feb 22, 2019 to Feb 25, 2019.
• UPL Limited: Shilpa P. Sagar has sold 40,000 shares through Market Sale from Feb 21, 2019 to Feb 22, 2019.
• Yes Bank Limited: Amit Kumar has sold 35,000 shares through Market Sale on Feb 25, 2019.
• Yes Bank Limited: Deodutta Raghunath Kurane has sold 20,000 shares through Market Sale on Feb 26, 2019.
• Yes Bank Limited: Nikhil Sahni has sold 25,000 shares through Market Sale on Feb 25, 2019.

Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.

Bulk and Block Deals :

Source: Edelweiss Alternative Research