Key equity indices extended a record closing spree on Tuesday, August 31, 2021. The S&P BSE Sensex soared 662.63 points or 1.16% at 57,552.39. The Nifty 50 index surged 201.15 points or 1.19% at 17,132.20. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, September 1, 2021. List of such five stocks:

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

See Zee Business Live TV Streaming Below:

Vijaya Diagnostics IPO + Ami Organics IPO

Vijaya Diagnostics IPO: The initial public offering (IPO) of Vijaya Diagnostic will open for subscription today, i.e., Wednesday, September 1, 2021. The Rs 1,895 crore IPO will remain open for bidding till on Friday, September 3, 2021. The price band for Vijaya Diagnostic Centre IPO has been fixed at Rs 522-531 per equity share. Investors can subscribe to the initial public offering (IPO) by betting for a lot of 28 shares or in multiples thereof. Besides, Healthcare chain Vijaya Diagnostics Centre on Tuesday said it has raised a little over Rs 566 crore from anchor investors ahead of its public offering (IPO). The company has decided to allocate a total of 1,06,61,41 equity shares to 29 anchor investors at Rs 531 apiece, aggregating the transaction size to Rs 566.12 crore. The anchor investors include names like Fidelity Management Research, Fidelity Investments, Aberdeen, Abu Dhabi Investment Authority, Axis Mutual Fund, SBI Mutual Fund and Aditya Birla Mutual Fund among others. 

Ami Organics IPO: The initial public offering (IPO) of the Surat-based speciality chemical company, Ami Organics will open for subscription today, i.e., Wednesday, September 1, 2021. The Rs 569.64 crore IPO will remain open for bidding till Friday, September 3, 2021. The price band for Vijaya Diagnostic Centre IPO has been fixed at Rs 603-610 per equity share. Retail investors can place their bids in a lot size of 24 shares up to a maximum of 13 lots. Ami Organics IPO consists of an offer for sale of Rs 369.64 crore and a fresh issue of Rs 200 crore. Besides, specilalty chemicals maker Ami Organics on Tuesday said it has collected Rs 171 crore from anchor investors ahead of its initial share sale that opens for subscription on Wednesday. The company has decided to allot a total of 28,01,485 equity shares at Rs 610 apiece, garnering a total of Rs 170.89 crore from anchor investors. The anchor investors include names like SBI Life, Nippon Life, Malabar, Aditya Birla Sun Life Insurance Company, UTI Mutual Fund and Kotak Mahindra Life Insurance Company among the anchor investors.

8 Stocks included in F&O: Eight new stocks will be included in the Futures and Options (F&O) segment from October 1, 2021. The eight additional securities that will be available for trading from October 1, 2021, are Abbott India, CG Consumer, Dalmia Bharat, Delta Corp, India Cements, JK Cement, Oberoi Realty and Persistent Systems. 

BHEL: BHEL secures the largest ever order worth Rs 10,800 Crores from Nuclear Power Corporation of India Limited (NPCIL) for EPC of Turbine Island for 6 units of 700 MWe. Six orders, received from NPCIL envisage setting up of 4 units of 700 MWe at Gorakhpur, Haryana and 2 units of 700 MWe at Kaiga, Karnataka.

Maruti Suzuki: Owing to a supply constraint of electronic components due to the semiconductor shortage situation, the Company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt. Ltd. (SMG) in Gujarat. Though the situation is quite dynamic, it is currently estimated that the total vehicle production volume across both locations could be around 40% of normal production. Besides, the company has announced a price rise across models from September 2021. 

Coal + Steel 

Coal India + NTPC: Ministry of Coal has said that Coal stocks with Coal India are adequate to meet the upsurge in Power demand being witnessed in the country since July this year. The supply of coal to the Power Plants is being monitored at the highest level in the Ministry on a daily basis in coordination with the Ministry of Power, Railways and the Coal Companies. Secretary (Coal) has reviewed the supply scenario with the Coal Companies on August 27, 2021, as well as August 30, 2021. Secretary (Coal) has given specific instructions to the coal companies to give priority supplies to all the TPPs having critical stock levels and to focus on stock liquidation from the mines having high stock levels.

SAIL + JSW Steel + JSPL + JSL & JSL HISAR+ Tata Steel: Steel prices have declined in country in the last week of August 2021. The hot-rolled coil (HRC) prices have come down by Rs 1,000 to around Rs 66,800-67,000 a tonne. Steel companies have not yet reduced prices but trade prices have come down due to falling in iron ore prices and slight sluggishness in demand

Likhitha Infrastructure + Shoppers Stop 

Likhitha Infrastructure: The Company has received orders worth Rs 145.86 crores from Indradhanush Gas Grid Limited (IGGL) for laying & construction of Steel Gas pipelines and terminals along with associated facilities for sections 5 & 9 of the North-East Gas Grid (NEGG) Project. It has also received various orders worth Rs 80 crores from Oil & Gas Distribution Companies during the period from June 2021 to till date for City Gas Distribution pipeline and related works. The value of the total outstanding order book as of date i.e., August 31, 2021, is approximately Rs 1,020 crore. 

Shoppers Stop Ltd.: The company on Tuesday announced that it has closed the sale of a controlling stake of its 100% Subsidiary, Crossword Bookstores Limited ("Crossword Bookstores") to M/s. Dinesh Gupta, Aakash Gupta and Family (Owners of Agarwal Business House) (ABH), Pune. The business of Crossword Bookstores is valued at Rs 41.6 crore.