Stocks in Focus on June 16: Shyam Metalics, Dodla Dairy, RITES, Dr Reddy’s to Jubilant Pharmova; here are the 5 Newsmakers of the Day
Sensex and Nifty on Tuesday, continued their record-setting rally. The S&P BSE Sensex climbed 222 points, or 0.42 per cent, to finish at 52,773. The Nifty 50 also added 57 points, or 0.36 per cent, to settle at 15,869. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens Wednesday, June 16, 2021
The Sensex and the Nifty on Tuesday, June 15, 2021, continued their record-setting rally. Both equity indices closed with gains of around 0.4 per cent. The S&P BSE Sensex climbed 222 points, or 0.42 per cent, to finish at 52,773. The Nifty 50 also added 57 points, or 0.36 per cent, to settle at 15,869. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens Wednesday, June 16, 2021. List of such five stocks:
Ongoing IPOs Update
Shyam Metalics: The initial public offering (IPO) of Shyam Metalics & Energy was subscribed 3.65 times on the second day of subscription. The retail portion was subscribed 5.80 times, while the NII and employee portion were subscribed 2.60 times and 0.78 times, respectively. Shyam Metalics seeks to raise up to Rs 909 crore through the issue. The price band of the issue has been fixed at Rs 303-306 per share. The subscription will close today, i.e. on June 16, 2021.
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Sona Comstar: The initial public offering of auto component marker Sona BLW Precision Forgings (Sona Constar) was subscribed 27% on the second day of subscription. The retail portion was subscribed 1.02 times, while the QIB and NII portion was subscribed 0.14 times and 0.04 times, respectively. The company seeks to raise up to Rs 5,550 crore the issue. The price band of the issue has been fixed at Rs 285-291 per share. The subscription will close today, i.e. on June 16, 2021.
Krishna Institute of Medical Sciences: Rs 2,143 crore initial public offering (IPO) of Krishna Institute of Medical Science Ltd.’s (KIMS Hospitals) will open for subscription today, i.e. on June 16, 2021. The price band for the offer has been fixed at Rs 815-825 per equity share. The public issue will open for subscription on Wednesday till June 18, 2021. The hospital on June 15, 2021, raised Rs 955 crore by allocating shares to the anchor investors at Rs 825 per share.
Dodla Dairy: The Rs 520 crore initial public offering (IPO) of Dodla Dairy will open for subscription today, i.e. on June 16, 2021. The price band has been fixed at Rs 421-428 per equity share. The public issue will open for subscription on Wednesday till June 18, 2021. Dodla Dairy, an integrated dairy company based in south India has raised Rs 156 crore by allocating shares to the anchor investors at Rs 428 per share.
KEC + RITES
KEC International: The global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs. 937 crores across its various businesses, namely Transmission & Distribution (T&D), Railways, Civil and Cables.
RITES: RITES Limited has emerged as the lowest bidder for a tender called by Railway Board, Ministry of Railways for railway electrification work on a turnkey basis. The tender for two packages, package — 1 for 779 RKM on Southern Western Railway and package - 2 for 762 RKM on Northeast Frontier railways, will aggregate to Rs. 1741 crores.
Dr Reddy’s + Jubilant Pharmova
Dr Reddy's Laboratories: Dr Reddy’s on Tuesday said it has been asked to pay Rs 345 crore to Australia-based Hatchtech Pty Ltd as part of an asset purchase agreement between the two parties in 2015. The company has received an arbitration award issued by the US-based International Center for Dispute Resolution. The Company is exploring all legal options to challenge the award.
Jubilant Pharmova: Drug firm Jubilant Pharmova has said that its subsidiary Jubilant HollisterStier LLC has inked a pact with US-based Ocugen Inc to manufacture COVID-19 vaccine Covaxin for the US and Canadian markets.
Newgen Software: The promoter/promoter group has sold a 10.57% stake in the company to reputed institutional investors at an average price of Rs 454 per share. Upon settlement, the aggregate equity shareholding of the Promoter/Promoter Group in the Company will comprise 55.16% of the total paid-up equity share capital of the Company. Buyers include
- Abu Dhabi Investment Authority bought 16.5 lakh shares.
- Ashoka India Opportunities Fund bought 10 lakh shares.
- Uber India fund bought 11 lakh shares.
- India Acorn Fund bought 3.73 lakh shares.
- Mukul Agarwal bought 6 lakh shares.
Action Construction Equipment: WHV-EAM International Small Cap Equity Fund bought 12.93 lakh shares (1.14%) at Rs 230.7 per share.
Globus Spirits: Templeton Strategic Emerging Markets Fund sold 2.36 lakh shares (0.82%) at Rs 430.18 per share.
Jagran Prakashan: Franklin Templeton Mutual Fund sold 16.17 lakh shares (0.58%) at Rs 61.79 per share.
HEG: LNJ Financial Services bought 1.50 lakh shares (0.39%) at Rs 2,280 per share. Promoter Jhunjhunwala Ravi sold 1.50 lakh shares (0.39%) at Rs 2,280 per share.
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