Stocks in Focus on February 1: CPSE ETF, DIVI'S Lab to Bajaj Electricals; here are the 5 Newsmakers of the Day
Shriram transport finance Company, CPSE ETF, Bajaj Electricals, Cholamandalam Investment and Finance Company and DIVI's Lab are the expected five newsmakers throughout the intraday trade session.
The domestic share market ended the volatile session lower on Friday, January 31, 2020, with the Nifty slipping below the 12,000-mark to 11,962.10. The barometer BSE S&P Sensex fell 190.33 points or 0.47% to 40,723.49. But certain stocks came in news after the market was closed and can impact the indices when it reopens in the morning on Saturday, February 1. Here is the list of five stocks:
CPSE ETF: The seventh tranche of CPSE ETF was subscribed more than 2 times on Friday. Bids worth Rs20,571 crore raised was against the issue size of Rs 10,000 crore. The government will raise Rs16,500 crore by using the greenshoe option.
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DIVI'S Lab: US FDA clears the company's unit-II in Andhra Pradesh. The inspection has been concluded with no '483' observations.
Shriram transport finance Company (STFC): The company has plans to raise funds through Non-convertible Debentures (NCD). For the purpose, the company's banking and finance committee/debt issuance committee - Public NCDs/Bond Issuance Committee will meet on February 29, 2020, to consider and approve the terms and conditions including the issue price of debt securities.
Bajaj Electricals: Bajaj Electricals (CMP:) The issue price of the rights issue has been fixed at Rs310/share (including a premium of Rs308 per Equity Share). Earlier this month, the company’s board of directors had approved the proposal to raise a maximum of Rs350 crores by way of a rights issue from eligible shareholders.
Cholamandalam Investment and Finance Company Ltd: The company's QIP Committee on Friday authorised the opening of the issue of its Qualified Institutional Placement (QIP), approving the issue price at Rs 320 per Equity Share, which is at a discount of 0.80% to the floor price on 322.59 per share. The company has plans to raise Rs 900 crore via QIP.
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