Stocks in Focus on September 21: CAMS, Chemcon Speciality, RITES, IRCTC, to Brokerages & AMCs; here are the 5 Newsmakers of the Day
Benchmark domestic stock ended in a red on Friday, September 18, 2020, amid mixed global cues. The S&P BSE Sensex ended with modest losses while the Nifty ended almost flat after a volatile session. The Sensex at Bombay Stock Exchange declined 134.03 points, or 0.34 per cent, to close at 38,845.82
Benchmark domestic stock ended in a red on Friday, September 18, 2020, amid mixed global cues. The S&P BSE Sensex ended with modest losses while the Nifty ended almost flat after a volatile session. The Sensex at Bombay Stock Exchange declined 134.03 points, or 0.34 per cent, to close at 38,845.82. The Nifty 50 at National Stock Exchange also fell 11.15 points, or 0.10 per cent, to settle at 11,504.95. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, September 21, 2020. List of such five stocks:
Triggers: Certain events, like CAMS, Chemcon Speciality IPO, Route Mobile Listing, HSIL and AGM, can create positive/negative reactions in the share market when it opens today. Find them in detail:
CAMS IPO: The Rs 2,242 crore IPO of Computer Age Management Services Limited (CAMS) IPO is set to open today. The price band for the issue has been fixed at Rs 1,229-1,230 per share. The issue closes on September 23, 2020. The lot size of CAMS IPO is 12 which mean that investors have to apply for a minimum of 12 shares and in multiples thereof. The entire quantum of shares being sold to investors in CAMS IPO is NSE's 37.5 per cent holding or 1.82 crore shares.
Chemcon Speciality Chemicals: Rs 318 crore IPO of Chemcon Speciality Chemicals, a manufacturer of specialized chemical products, will open for bidding today, i.e. on September 21, 2020. The price band for the issue has been fixed at Rs 338-340 per share. The issue will close on September 23, 2020. The IPO will have a lot size of 44 shares. Fresh Issue is Rs Rs 165 crore, while the offer for sale includes Rs 153 crore.
Route Mobile Listing: Route Mobile shares will be listed on the bourses today. The IPO was subscribed 73 times on the last day of bidding. IPO SIZE: 600 Cr (fresh issue: Rs 240 crore, OFS: Rs 360 crore). The Grey market Premium for Route mobile is Rs 250 to Rs 300. Further Details:
Retail Individual Investors: 12.67 times.
Qualified Institutional Buyers (QIB): 89.8 times.
Non-Institutional Investors (NII): 192.8 times.
HSIL: The board will meet today to consider the proposal of buyback of the fully paid-up equity shares of the company.
AGM: Annual General Meeting of companies, like Aarti Industries Ltd, AIA Engineering Ltd, Bajaj Consumer Care Ltd, Deepak Fertilizers & Petrochemicals Corp Ltd, GMR Infrastructure Ltd, Indian Oil Corporation Ltd and TV18 Broadcast Ltd, are scheduled to be held today.
RITES: The Board of Directors of the state-run RITES has approved buyback of shares worth up to Rs 257 crore. The share purchase will be made at Rs 265 apiece. The company will buyback 97 lakh equity shares of the company.
Dixon Tech/Amber Enterprises: Government has decided to impose 5 per cent customs duty on import of open-cell for televisions from October 1, 2020, a report from Bloomberg. Open sales are used in TV manufacturing.
IRCTC: The Indian Railways will run 40 pairs of new special trains. It has also decided to run 20 pair of 'clone' trains along with the special trains. The booking for the tickets began on September 19, 2020.
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Brokerages/AMCs in Focus: SEBI has said that the measures to deal with the market volatility will be in place till September 29, 2020, after reviewing the coronavirus pandemic-related situation. The regulatory measures came into force on March 23, 2020, to bring stability in the stock market.
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