Top 5 stocks in focus on September 28: Lupin, IRCON International to Redington, here are the 5 newsmakers of the day
Nifty ended its September series below 11,000 and Sensex was down over 200 points on Thursday, September 27, 2018. Actually, at the close of the market hours, Sensex closed 0.60% down at 36,324.17 and the Nifty 50 was lower by 0.69% to 10,977.55.
Nifty ended its September series below 11,000 and Sensex was down over 200 points on Thursday, September 27, 2018. Actually, at the close of the market hours, Sensex closed 0.60% down at 36,324.17 and the Nifty 50 was lower by 0.69% to 10,977.55. But there were certain stocks that came in the news after the markets were closed for the trade and can have an impact on the market on Friday, September 28, 2018. Here is the list of five of such stocks:
Lupin Limited: Lupin will get out of the Nifty50 index today and its place will be taken by the steelmaker JSW Steel.
IRCON International: The engineering and construction company IRCON, which recently concluded its initial public offer, will make its stock market debut Friday. With this, Ircon will turn up to be the second railway PSU to be listed on the stock markets after RITES in June 2018.
Aavas Financiers: The initial public offer of housing finance company, Aavas Financiers, was subscribed 97 per cent on the third day of bidding. The Rs 1,734-crore IPO has received bids for 1.44 lakh equity shares against issue size of 1.47 crore equity shares as per data available on exchanges till 18:00 hours.
Garden Reach Shipbuilders & Engineers (GRSE): The state-owned GRSE initial public offer was subscribed 72 per cent on the fourth day of bidding on Thursday, September 27, 2018. Earlier, the last day for the issue was extended till October 1.
Redington (India) Limited: Shares of the Chennai-based end-to-end supply chain solutions provider, Redington (India), will remain in focus, as its buyback program of fully paid-up equity shares will open today. The company plans to buy back 1.11 crore equity shares (or 2.78 per cent of the total paid-up equity capital) at Rs 125 a share for an aggregate amount of Rs 139 crore.