Daily Archives: Monday August 28th, 2017

52 Week High Breakout (28/08/17)

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BAJAJHLDNG 2750.80
ASAHIINDIA 334.60
HSCL 92.95
HERITGFOOD 1376.35
JSWSTEEL 246.05
HINDPETRO 466.20
JSL 94.35
VAKRANGEE 472.10
SCI 94.70
BEL 187.95
BAJAJFINSV 5506.25
FELDVR 38.75
TATASTEEL 639.00

Filing record of companies for IPO in August

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MUMBAI: After the success of the market’s rapid growth environment and the initial public offering (IPO) of consecutive companies, companies have deposited drafted draft in the month of August. This may lead to a very good line of IPO in the coming months.

Capital market regulator, Indian Securities and Exchange Board (SEBI) data shows that in August month, a total of 10 companies have filed draft (DRHP) for bringing IPOs and the IPO size of these companies is also bigger. However, some of these companies can come in the IPO next month. The companies which have submitted the draft include HDFC Standard Life Insurance Company, Reliance Nippon Life Asset Management, Barbik Nation Hospitality, India Road Networks etc.

Similarly, other companies include Esther DM Healthcare, New India Assurance Company, General Insurance Corporation, Mahindra Logistics, Godrej Agrovet, SBI Life Insurance Company etc. Earlier in July, ICICI Lombard General Insurance, Khadim India had submitted the draft. Explain that among the above companies, insurers are going to raise the highest amount.

In the last few years, August is such a month in which many companies have submitted drafts for the IPO. Analysts in the market say that this year, good companies are bringing IPOs in the market, which will give investors good shares and also get good returns.

Talking about the previous calendar year, Rs 26,000 crore was raised through the IPO. Compared to this, 4 months remaining this year and the market is fast becoming intact. In 2010, only Rs 36,300 crores was collected. In this way, the record of 2010 will be broken this year. Analysts believe that in this year so far except a few IPOs, the rest have given better returns to the investors. Some IPOs have got double returns this year, so investors have made good money.

Rule of listing of IPO may be 3 days  

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Mumbai: The capital market regulator, the Securities and Exchange Board of India (Sebi), which is continuously improving the initial public offering (IPO) segment, has planned to make a major improvement, under which IPO’s listing can be timed to 3 days. At present the limit is 6 days.

According to sources, SEBI can make this decision in September itself and this is possible in the board meeting held on September 1. Explain that currently the company’s shares have to be listed on stock exchanges within 6 days of IPO closure. Earlier this limit was 12 days, but in January last year SEBI reduced it to 6 days. The main reason behind this is that the money invested by the investors can not stay for 6 days or 12 days, but within 3 days they will start getting returns.

Sources said that SEBI can decide on this matter in the month of September. Let us say that SEBI has made good decisions in favor of investors in the past few years. Under this, investor can deposit the application for subscription with the banks, brokers, depository participants etc. Earlier this form was deposited only with the bank and the brokers. At the same time, the payment was also made easier to buy shares during the IPO, under which Asba (Application Supported by Blocked Amount) was made compulsory for all categories of investors.

Explain that for the past few years, good participation of retail investors in the IPO market has increased, which has given good IPO to the IPO. If some broke records in the case of subscription, then most IPOs gave investors more returns than expected. Anyway, better IPOs are coming in the coming months, from which the market is expected to get good growth.

Nifty crosses 9900, good Sensex gain

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MUMBAI: Domestic markets have started the expiry week of the strongest. If the Nifty crossed 9900, then the Sensex also added double century. Sensex and Nifty closed with an increase of 0.5 percent. In today’s bullish environment, the Nifty knocked up to 9925.75, so the Sensex reached 31,809.70. The BSE 30-share index Sensex closed at 31,751, up 155 points, or 0.5 per cent. On the other hand, NSE’s 50-share index Nifty closed 56 points, ie 0.6 percent, at 9,913 level.

The mid-caps and smallcap stocks have also seen passion. The BSE Mid-Cap Index has closed up by 1 per cent, while the Nifty mid-cap 100 Index has gained 1.1 per cent. BSE’s smallcap index closed up by 1.1 percent.

Buying in pharma, IT, banking, capital goods, consumer durables and power shares Bank Nifty closed nearly 0.5 percent higher at 24,377 level.

In today’s business, Infosys, IOC, NTPC, Sun Pharma, Yes Bank, Hero Moto and HUL have climbed up to 3.2-1.9 per cent. However, Dr Reddy’s, Power Grid, Tata Motors, Tata Motors DVR, Tata Steel, SBI and TCS were down by 1.9-0.4 per cent in the giants.

Among the mid-cap stocks, Central Bank, Adani Enterprises, L & T Finance, Adani Power and JSW Energy jumped 9.5-4.9 per cent. In smallcap stocks, Visaka Industries, Tourism Finance, HEG, Firstsource Solutions and Asahi India have closed up to 16-12.75 per cent.

Vande Matarm

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