Monthly Archives: November 2017

HDFC MF will bring IPO after Reliance – Board approves

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MUMBAI: After the introduction of initial public offering in the mutual fund sector, many companies are still showing interest in it. HDFC Mutual Fund, the second largest mutual fund, is also taking the IPO in this sequence. On Thursday its board has approved it.

Let’s say that Reliance Mutual Fund is the first fund house, which had brought the IPO and it was listed on the IPO exchanges this month. After this, HDFC Mutual Fund is now planning to be listed via IPO. The board of HDFC Asset Management Company, Deepak Parekh, approved it on Thursday. However, the company will now start the process of regulatory and other sanctions.

Housing Development Finance Corporation Ltd. (HDFC) and Standard Life Investment Ltd (SLI) have given the theoretical approval to this IPO. After this IPO, the shareholding of HDFC will come down to 50.01 per cent and the holdings of SLI will be 24.00 per cent. Its total asset under management (AUM) has been Rs 2.69 lakh crore in the September quarter, of which 1.19 lakh crore is of equity oriented funds.

Deepak Parekh said that we believe that where the listing will unlock the business value for shareholders, at the same time, investors will provide an opportunity to become a partner in emerging asset management in our group. The business of the Indian asset management industry has been strong and there is increasing awareness among the people about the products of mutual funds. With increasing awareness, mutual fund products are continuously providing investment opportunities with greater productivity.

52 Week High Breakout (30/11/2017)

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SHANKARA 1949.75
SOBHA 590.30
ERIS 770.40
THERMAX 1116.70
BEPL 183.35
BHARATRAS 3766.90
PARSVNATH 31.30
BAJAJCORP 489.00
FINCABLES 663.90
AUTOAXLES 1389.05
ASTRAL 834.00
LTI 1015.85
SONATSOFTW 242.25
GAYAPROJ 216.00
NCC 120.50
SRTRANSFIN 1339.65
MARUTI 8671.35
SOMANYCERA 886.05

Market decline before expiry

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MUMBAI – Before the expiry, on Wednesday, the market was seen trading in limited scope throughout the day. The closing down of the midcap index also remained at the bottom of the day, while the bank Nifty also showed sluggish business. Sector-specific, then there is a purchase in select Pharma, FMCG shares. Realty and mid-cap IT stocks have also been bullish.

The shares of Bosch, Adani Port, Bharti Infratel and Wipro continued to grow on Wednesday, while Aisis Bank, Hindalco, Asian Paints and Vedanta were among the falling shares.

In today’s business, there was a weakness in the mid-and small-cap stocks, with giant stocks. The BSE Mid-cap index closed with a weakness of 0.17 per cent, while the Smallcap Index was also closed down around 18210. While BSE’s oil and gas index closed with a slight increase of 0.04 per cent.
Banking stocks also saw sluggishness, which led to the Bank Nifty falling 0.2 percent to close at 25795 levels. In today’s business, there was a weakness in metal and IT stocks, besides bank stocks. The metal index of the Nifty closed 0.4 percent down, while IT index was 0.3 percent weakness.
Regardless of today’s market of sluggishness, there was an increase in auto, FMCG, pharma and realty stocks today. Nifty’s auto index was 0.2 percent, FMCG index 0.15 percent, pharma index 0.4 percent and realty index 0.9 percent higher.

The declining depth in the Nifty and the close of 8.9 points i.e. 0.09 per cent to close down to 10360. The Sensex also closed 15.85 points, i.e. 0.05 percent and closed close to 33,600.

2 IPOs to open in the fortnight before December

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Mumbai-After IPO market slowdown in November, two IPOs will knock in the first fortnight of December. In this there will be an IPO of a Future Group, the second will be Ahmedabad Shabby Hospital. Let’s say that the record capital has been raised from the IPO this year.

Future Supply Chain Solutions will raise Rs 650 crore via IPO and it will open between 6-8 December. Its value range has been fixed at Rs 660-664. The Future Group will sell 9.8 million shares and all of this will be under Offer For Sale. The company has a ware house in Nagpur, which is 3.75 lakh square feet and it is fully tech based. In this, 60 per cent of revenue comes from the company and 40 per cent of revenue comes from serving the third party.

Likewise, Ahmedabad’s Shalby Hospital has also set a target to raise 500 million rupees in the market. The company has kept the scope of 245 to 248 rupees for this. This IPO will open till 5-7 December. In this way both the IPOs will open back and forth one day. The listing will be closer to December 15. This year, an amount of 11 billion dollars has been raised through IPOs in India.

52 Week High Breakout (29/11/2017)

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BRFL 211.55
KOLTEPATIL 379.70
LAOPALA 630.40
TEXRAIL 127.80
KEI 393.30
KOKUYOCMLN 126.10
MCLEODRUSS 225.80
NCC 119.60
PENINLAND 37.75
HGS 722.10
ZEEL 586.65
SIYSIL 645.65
BEPL 174.65
TATAGLOBAL 287.75
IFBIND 1361.90
VIPIND 371.70
PARSVANATH 29.85
LTTS 966.90
OCL 1582.20
TWL 184.65
EVEREADY 435.65
MCDOWELL-N 3375.30
NAUKRI 1266.70
PCJEWELLER 411.85
MARUTI 8624.15
DBL 983.45
WABCOINDIA 7184.05
ASHOKA 250.15
MAITHANALL 732.30
TATACOFFEE 175.65
IGL 326.70
TEAMLEASE 2196.70
FINCABLES 649.30
WSTCSTPAPR 233.05
8KMILES 947.85
TATAPOWER 95.85
RELAXO 635.10
ASTRAL 815.00
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