Stocks in Focus on February 18: SBI, DHFL to aviation stocks; here are expected 5 Newsmakers of the Day
SBI, DHFL, Avenue Supermarts, banking and aviation stocks are expected to remain stocks in focus throughout the intraday trade session.
Stocks In Focus on February 18: The market extended losses for the third straight session on Monday, February 17, 2020. Sensex dipped 202.05 points, while Nifty ends at 12,045.80. But certain stocks came in news after the market was closed and can impact the indices when it reopens in the morning on Tuesday, February 18, 2020. Here is the list of five stocks:
SBI: SBI Cards and Payment Services has received markets regulator SEBI's go-ahead to float an initial public offering. It is targeting an early-March launch for its Rs 9,000-crore initial public offering (IPO). As per the draft papers, SBI Cards will offer up to 130,526,798 equity shares through an offer for sale route. Besides, the company will also issue fresh equity shares of Rs 500 crore. SBI Cards and Payment Services is the credit card unit of the country's largest lender State Bank of India (SBI). It is backed by State Bank of India (it holds 76 per cent stakes) and private equity firm Carlyle Group.
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DHFL: At least 15 bidders - including KKR India Financial Services Ltd and Adani Group - have submitted their expressions of interest (EoIs) for DHFL's businesses under IBC. They seek to purchase DHFL's entire loan book. Warburg Pincus and Oaktree Capital have also submitted their EoIs to acquire the companies.
Avenue Supermarts: The company's offer for sale (OFS), which opened for retail investors on Monday received subscription for 0.98 per cent against the offered size of 14,80,000 shares. The non-retail segment of the issue that opened on Friday was subscribed 3.4 times. Besides, the company, which owns and operates the popular supermarket chain DMart, has decided to enter Delhi. The move will help the company to widen the brand's footprint outside of the western and southern Indian markets.
Aviation stocks in focus: The domestic air passenger traffic increased by 2.2 per cent in January 2020. Thus, the domestic airlines flew 1.28 crore passengers in January this year over 1.25 crore passengers flown during the same period previously. When it comes to Passenger Load Factor (PLF) then SpiceJet took the number one spot at 91.5 per cent and was followed by GoAir at 88.7 per cent, IndiGo at 87.8 per cent, Vistara at 83.5 per cent and Air India at 78 per cent. PLF is an indicator of the number of seats that get filled. PLF shows how many of the total seats on offer by each airline are getting filled.
Banks in focus: Simplex Infrastructure likely to default on bank loans worth Rs3,600 crore as a delay on payments by government agencies has led to a liquidity squeeze and subsequent cancellation of some large work orders. United Bank of India has identified Simplex Infra account as 'non-performing asset' (NPA) in the third quarter of FY20. State Bank of India, Bank of India and Allahabad Bank have large exposure in the company.
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