Daily Archives: Tuesday April 9th, 2019

Higher Delivery Quantity (09/04/2019)

CARBORUNIV 416110 21796 381.15
GESHIP 368514 21028 300.40
SUPREMEIND 265195 23419 1139.35
NAVNETEDUL 124290 31918 110.70
MINDACORP 158111 43252 132.95
CREDITACC 562502 243100 543.35
NILKAMAL 9604 4709 1402.95
JCHAC 6305 3247 2034.70
SADBHAV 243492 130827 244.50

52 Week High Breakout (09/04/2019)

MERCK 3948.05
ICICIGI 1070.25

Bajaj Energy launches IPO

IPO Investment

Bombay-Bajaj Energy Limited (BEL) has prepared to bring an IPO and under the preparation of its first phase, the company has deposited the draft (DRHP) with the capital market regulator, Indian Securities and Exchange Board (SEBI).
According to DRHP, the company is preparing to raise Rs 5,450 crore. In this, a new issue of Rs 5,150 crore will be raised and Rs 300 crore will be mobilized under the offer for sale (OFS), which will be done by promoters of Bajaj Power Ventures. Bajaj Power Ventures currently owns 100% stake in Bajaj Energy.
BEL originally works to develop, finance and operate the thermal power plants in India. It has a total installed capacity of 2,430 megawattas. Each of its operational plants has a capacity of 90 MW, which the company manages. The 1,980 MW Power Plant is operating the company with Lalitpur Power Generation Company under Special Purpose Vehicle (SPV).
According to the information, the company will use the amount to raise this IPO for the purchase of Equity Shares of Lalitpur Power Generation and for General Purpose. The shares of Lalitpur Power are currently held by BPVPL and BHSL. The company which operates 2,430 MW capacity is fully on long term contracts.

Pollackab’s IPO is 52 times subscription, Retail investors will be shown

Capacity Infra IPO

Mumbai-Wires and cable maker Polkab’s initial public issue (IPO) got more than 52 times the subscription till last evening evening. This IPO closed on Tuesday, which was open on Friday. However, retail investors have not shown much interest in this IPO.
According to the data of the exchanges, this IPO of about Rs 1,345 crore got an application for 1014 million equity shares, while it issued 25 million shares. In this, the share of qualified institutional buyers (QIB) was 94 times while the non-institutional investors got 110 times the subscription. The share of retail investors got 4 times the subscription.
This IPO was part of the new share of Rs 400 crore, while 1.75 crore equity shares were under offer for sale. This IPO got an amount of Rs 401 crore from anchor investors and it was open on April 5. Its value was fixed at Rs 533-538. Its PE at the higher price was 16 times; its other competitive competitors were cheaper than Bajaj Electricals, KEI Industries and Howells.

Closed with market edge

Stock Market Training

The Mumbai-market started today with sluggishness and it is working sluggishly in the big part of the day. But in the last hour of the business, good levels of the market were seen in the lower levels and the Sensex-Nifty came on green mark. At the end of the turnover, BSE’s 30-share index Sensex has climbed 238.69 points, or 0.62 per cent, to 38939.22 levels. On the NSE, the 50-share index, Nifty, climbed 67.45 points, or 0.58 per cent, to close at 11671.95.
Sahara Bazar got support from shopping in OMC, Auto Realty and Bank Shares. At the same time, HDFC Bank, Asian Paints, Reliance raised pressure. Shopping in defense sector like fast, IT, Pharma The Nifty IT index made the new highest level of 6 months today. On the other hand, Wipro and HCL Tech saw an increase of 2 to 3 per cent.
Paper stock also jumped in hopes of lower cost. JK Paper, Star Paper and other paper stocks saw an increase of up to 5%. On the other hand Indiabulls Real also saw a huge jump of 11 per cent. Within two days, the stock ran around 19 percent. There is continued buying in the middle of speculation that the promoters sell the company.
The mid-cap index is closed in green mark. The BSE mid-cap index has closed at a level of 15420 with an increase of 0.15 percent. However, the smallcap index is closed with weakness. BSE’s Smallcap Index fell by 0.10 per cent to 14,971. Oil-gas stocks have gained momentum today. BSE’s oil and gas index closed 0.59 percent higher.
In the last hour of trading, heavy buying in banking stocks led to the rise of the bank nifty at the rate of 30113.85, with an increase of 0.90%. The Nifty’s PSU Bank index closed at 1.64 per cent and the private bank index gained 1.03 per cent.
All sectoral indices of the Nifty closed today with the rise of Infra and the media index. Nifty’s Auto index closed 1.13 percent higher, FMCG index 0.72 percent, IT index 0.58 percent, Metal index 1.03 percent, Pharma index 0.97 percent and Realty index 1.4 percent. However, the Nifty’s media index is closed in the red mark with 0.21 per cent today and Infra index 0.11 per cent weakness.