Stocks in Focus on March 19: Easy Trip Planners, Suryoday SFB IPO, Nazara Technologies IPO, Accenture to Indo Count; here are the 5 Newsmakers of the Day
Stocks in Focus on March 19: Equity barometers extended their losing run to a fifth consecutive trading session on Thursday, March 18, 2021.
Stocks in Focus on March 19: Equity barometers extended their losing run to a fifth consecutive trading session on Thursday, March 18, 2021. The S&P BSE Sensex dropped 585.10 points or 1.17 per cent to trade at 49,216.52. The Nifty 50 index declined 163.45 points or 1.11 per cent to close at 14,557.85. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, March 19, 2021. List of such five stocks:
Easy Trip Planners +Jubilant Ingrevia Listing
Easy Trip Planners: Online travel agency Easy Trip Planners is scheduled to be listed on the bourses today. The initial public offering (IPO) of Easy Trip Planners was subscribed 159.3 times. The retail portion was subscribed 70.4 times, while NII and QIB portions were subscribed 382.2 times and 77.5 times, respectively. The price band for the public offer was fixed at Rs 186-187 per equity share. The Rs 510-crore public issue comprised a complete offer for sale by promoters.
Jubilant Ingrevia: Jubilant Ingrevia is scheduled to be listed on bourses today.
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IPO Updates
Suryoday Small Finance Bank: The initial public offering of Suryoday Small Finance Bank was subscribed 1.01 times on the second day of subscription, i.e. March 18, 2021. The retail portion was subscribed 2.00 times and the NII portion was subscribed 0.20 times. Today is the last day for the subscription of the public issue. The price band for the offer has been fixed at Rs 303-305 per equity share. At the upper end of the price band, the IPO is expected to fetch Rs 583 crore to the bank.
Nazara Technologies: The initial public offering (IPO) of Nazara Technologies was subscribed 10.55 times on the second day of subscription, i.e. March 18, 2021. The retail portion was subscribed 44.47 times, while the NII and QIB portions were subscribed 7.73 times and 0.72 times, respectively. The public issue will close today. The price band for the issue has been fixed at Rs 1,100-1,101 per equity share. The company seeks to raise Rs 582 crore from the public issue.
Kalyan Jewellers: The initial public offering (IPO) of Kalyan Jewellers India (KJIL) was subscribed 2.61 times on the last day of subscription, i.e. March 18, 2021. The retail portion of the public offering was subscribed 2.82 times, while the NII and QIB portions were subscribed 1.91 times and 2.76 times, respectively. Today is the third day for a subscription. The price band for the public issue has been fixed at Rs 86-87 per share. The company seeks to raise Rs 1,175 crore from the public issue.
Accenture: Global technology firm Accenture, which follows the September-August financial year, has posted strong second-quarter results. The company has raised its full-year revenue guidance from 4-6% to 6.5-8.5%. It also raised the operating margin guidance. $ Revenue for the second quarter ended February increased 8% to $12.09 billion. The operating margin grew from 13.4% to 13.7%. Besides, the company has also won new deals worth Rs $16 billion, which is a growth of 13% YoY.
Indo Count + Hinduja Global
Indo Count Industries: Board of the company on Thursday approved the expansion of bed linen capacity by 20% from its existing annual capacity of 90 million meters to 108 million meters by debottlenecking and balancing its facilities. Further, the Company proposes to make a brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a CapEx of Rs 150 crores. The existing spinning unit will also be modernized with compact spinning technology. This will entail a CapEx of Rs 50 crores. The total CapEx will be Rs 200 crores and will be funded by a mix of internal accruals and debt and is expected to be operational in H2 of FY 2022. These investments are expected to increase the revenue by Rs 600 crores over the next 2 years, post-commissioning.
Hinduja Global: Several PE Funds, like Blackstone, APEX and Baring PE have shown interest in buying stakes in the Healthcare BPO business of the company. They have plans to invest around $ 200 million in the business. Hinduja Global has plans to hive-off or demerge its healthcare BPO business and sell it off. Healthcare business accounts for 55% of the total revenue of the company.
Insider Trades
Godrej Industries: Promoter Arel Enterprises LLP bought 2.54 lakh shares between March 12 and 15, 2021.
Aarti Industries: Promoters Bhavesh Mehta, Nehal Garewal, Shreya Suneja and Jaya Gogri sold 34,734 shares on March 17, 2021.
JSW Energy: Promoter Seema Jajodia sold 4.47 lakh shares on March 16, 2021.
Godrej Agrovet: Promoter Godrej Industries bought 24,352 shares on March 15, 2021.
Nilkamal: Promoters Hiten Parekh, Manish Parekh and Nayan Parekh bought 13,054 shares on March 16.
10:42 AM IST