Invest in Stocks: IPO heats up, 36 Cos lines up

The IPOs (Initial Public Offering) picks up momentum as there are thirty six companies have lined up initial share sale plans worth Rs. 35,000 crore in the months ahead, prospecting their fund expansion for their projects.

Some of those Companies which goes ahead for IPO, include Indian Renewable Energy Development Agency, IRCON International Ltd, Rail Vikas Nigam Limited, RITES Ltd, Garden Reach Ship builders and Engineers and Mazagon Dock.

Additionally, over two dozen companies including Credit Access Grameen, Route Mobile, Sembcorp Energy India, Lodha Developers and Flemingo Travel Retail are awaiting regulatory nod for IPOs.

Meantime, about 15 companies including ICICI Securities Ltd, Bandhan Bank Ltd, Hindustan Aeronautics Ltd and Mishra Dhatu Nigam Ltd have hit the capital markets thus far this year.

An Initial Public Offering or IPO is when a private company or Corporation raises investment funds by offering its stock to the public for the first time. IPOs are often issued by growing companies seeking capital to expand. In an IPO, the Company or the issuer raising capital, procures the assistance of an under-writing Company or investment bank, to help find out the best type of security to issue, offering price, amount of shares and the time-frame for the market offering.

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Nifty Tips: Stock rise on NSE First-Half, Top stocks to watch

Share benchmarks were in the positive terrain in spite of weak global cues. The NSE Nifty index was trading 57.90 points up at 10,571, while the BSE Sensex was up 185.58 points at 34,848.60 around 11:40 am.

Shares of Sudarshan Chemical Industries Ltd (up 14.39 pc), Gateway Distriparks Limited (up 8.13 pc) and Snowman Logistics (up 7.20 pc) jumped in these extents on NSE in late morning hours on Friday.

Stocks such as Sequent Scientific Ltd (up 7.77 pc), NR Agarwal Industries Ltd (up 5.70 pc), Radico Khaitan Ltd (up 4.70 pc), Gati Ltd (up 4.47 pc), Indian Terrain Fashion Ltd (up 4.28 pc), United Breweries Ltd (up 4.09 pc), Take Solutions (up 4.58 pc) and Mangalore Chemicals & Fertilizers Ltd (up 4.01 pc) surged in Nifty constituents.

Hindalco, Bajaj Finserve, Gail India, Tata Steel, Infosys were among the top gainers in the Nifty index, while Vedanta, SBI, Bharti Infratel, Grasim and Coal India were trading among top Nifty losers.

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Stocks Moving Early afternoon hours of trade, Tuesday

Tata Motors: Shares of leading automobile manufacturer Tata Motors Limited Gains 4.78 percent at Rs. 30.05 after China Reduces Import Duty on passenger cars to 15 percent, in the early afternoon hours of trade on NSE.

L&T:  Shares of Larsen and Toubro (L&T) snapped a 6-day decline, its longest losing streak in over two months, and was trading up by 0.60% to Rs 1,321.25 on NSE, after the construction major bagged an order worth Rs 4,033 crore.

Fortis Healthcare:  Shares of the hospital chain operator Fortis Healthcare Limited snapped 3-day gains and declined 2.09 percent to Rs 145.30. Fortis Healthcare will hold a General Meeting on changes of the board of directors. Its stock fell 7.5% so far this year and lost 24% percent in the past 12 months.

Infibeam Incorporation: Shares of the online marketplace Infibeam Incorporation Limited was trading down 0.06 percent to Rs 164.10. The company plans fundraising on May 30, as per stock exchange filing.

Essar Shipping: Shares of the Shipping & Logistics Company Essar Shipping Limited swung between gains and losses and was trading now at Rs 18.30 down by 2.22 percent. The stock has fell 43% so far this year.
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Bajaj Finance Ltd Shares Hit Record High on Splendid Q4 Results

Top Finance lender, Bajaj Finance Limited reported a 61 pc rise in its net profit to Rs 721 crore for the Q4 ending March 2018 versus Rs 615 crore in the year-ago period.  The profit surpasses analyst estimates due to healthy loan growth and stable asset quality for the period.

Reacting to the profit growth, on the market closing hours, Bajaj Finance Limited’s share price settled 7.71% at Rs. 2067.95 on NSE.  In a regulatory filing to the Stock Exchange, the company said that its Q-4 net interest income was up by 40 pc at Rs 2,365 crore from Rs 1,686 crore in the previous year.

The gross NPAs stood at 1.48 pc, up from last quarter's 1.67 pc, while net NPAs stood 0.38 pc of the total assets.

Bajaj Finance Ltd in its press release said that it continues to provide for loan losses in excess of requirements set by the RBI.

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Market Extend Losses on Karnataka Uncertainty, Stock Tips

Stock Markets extended falls for the second consecutive day, led by mix earnings reaction, weak global cues and heavy mayhem unfolded in Karnataka over govt formation.

The BSE Sensex closed lower by 156.06 points to 35,387.88, while the NSE Nifty50 fell 60.75 points   to close at 10,741.10 in trade.

BSE Sector wise, realty gained most at near 2 pc followed by FMCG 1.65 pc and IT 0.18 pc. Energy index cracked most at 1.75 pc, oil & gas 1.58 pc, Bankex 1.17 pc and finance 0.91 pc.

HUL, ITC, Wipro, Yes Bank, Asian Paints and Sun Pharma were top gainers. On the other hand, ICICI Bank, Reliance Industries, SBI and Hero Moto Corp were losing shine.

NSE Nifty PSU Bank Index declined 3 pc. Conversely, NSE Nifty Realty Index was the top sectoral gainer, spiking 2.1 pc.

Shares of ITC jumped 1 pc after the announcement of its Q4 results for the period ended March 31, 2018. It has posted net profit of Rs.2,932.71 crores for the above period versus Rs.2,669.47 crores for the same period last year. Shares of ITC LTD  closed at Rs.285.95 up by 1.47 pc.

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Markets turn Flat Ahead of Karnataka Exit Poll

Key benchmark indices turned flat after opening higher in the morning deals, as investors digested the outcome from the Karnataka exit polls, where it was mainly forecast that no party would be able to form the govt in the state on its own.

At 12:10 hours, the BSE index was trading down by 16.98 points at 35,518.81 while the NSE Nifty was at 10,797.10 down by 9.40 points.

Shares of Canara bank were trading down by 0.26%.  The Bank has posted a net profit of Rs 4859.77 crore for the quarter ending March 31, 2018, against a profit of Rs 214.18 crore. The gross NAP of the bank surged to 11.84 % againt 10.38% on Quarter on quarter.

Shares of Allahabad Bank were trading down by 2.74% at Rs. 44.45. The Bank has reported a net loss of Rs 3,510 crores. The gross NAP were placed at 15.96% V/s 14.38% on Quarter on quarter.

UCO Bank shares were also down in trade today, down by 2.39% at Rs. 18.35. The Bank saw net losses at the bank widen to Rs 2,134.36 crore v/s loss of Rs 588.19 crore, Year on Year.

Shares of Federal Bank were trading down by 0.11% at Rs. 89.95. The bank witnessed a fall of 43.5% in standalone net profit in the quarter ended March 2018.

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Nifty Intraday Stock Tips, Nifty Toppers, Free Stock Tips

Stock Market benchmark Nifty, Sensex was trading higher led by Asian Paints, ICICI Bank, HDFC, Infosys and L&T. At 11.10 AM, the Nifty50 index of NSE was trading at 10,755, up 36 points, while the Sensitive index of BSE was trading at 35,349.48, up 113 points.

On NSE, Shares of telecom major Bharti Airtel fell 5.11 percent after Reliance Jio started post-paid plan with monthly rental at the rate of Rs. 199, together with an ISD calling service at a starting price of 50 paise, per minute.  Shares of Idea Cellular, which was also fell 7.63 percent, on this Jio plan impact.

Shares of PC Jeweller gained over 4 percent in the early trade, but later shares fell 0.31 percent on NSE. 

The BoD of PC Jeweller Ltd has approved the Buy Back upto 1.21 crore fully paid-up Equity Shares of Rs.10.00 each, comprising of 3.07 percent of the total paid-up equity capital of the Company, from the share-holders of the Company.

Asian Paints, HPCL, IndiaBulls Bajaj Finance and IOC were the top gainers on Nifty50.  On the flip side, Bharti Airtel, Sun Pharma, Bharti Infratel, Hero Motors and Dr. Reddy’s were the top losers at this point.

Meantime, the Indian rupee rose in the early trade on Friday. The domestic currency has opened higher by 16 paise at 67.15 per USD versus 67.31 yesterday.

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Indian equity markets were trading in the green amid strong global cues.

Key benchmark indices advanced on buying by domestic institutional investors amid positive leads from Asian markets. Buying interest in Bank/Financial, pharma and FMCG counters were picking up momentum, while IT, metal and Auto stocks were losing sheen.

The NSE Nifty index was trading 20.55 points up at 10,736.05, while the BSE Sensex was up 88.21 points at 35,296.35 around 11:15 am. 

Shares of ICICI Bank surged near 7 percent at Rs. 309.85, leading the pack of Nifty gainers.  ICICI Bank shares rose on expectation of improvement in asset quality.

Shares of Godrej Properties gained 5.29% to Rs. 894.80 per share after the Company registered a turnover of Rs. 8.09 crore and a volume of 0.91 lakh shares.

Shares of Tata Coffee Limited were trading down by 6.23% to Rs.125.00 after the company reported a 62% decline in its consolidated net profit to Rs 22.40 crore in the quarter ended 31 March 2018.

Meantime, the Indian Rupee hit a fresh 15-month low of 67.20 versus the USD in today. The domestic currency was at 67.26, at 0.6 paise higher, than the opening.  ICRA Rating Agency on Monday said that the weakened rupee could diminish the demand for jewellery buying by 2 - 4% for the calendar year 2018 on account higher gold prices.

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Nifty trades below 10,630 mark; Nifty Stock Tips

Key benchmark indices extended losses in the afternoon hours of trade at 1.40 pm, with the Sensex shedding 152 points tacking losses in global shares. Shares of Sun Pharma, Indiabulls Housing Finance, Bajaj Auto and Eicher Motors edged lower in the first afternoon hours of deal.

Sectorally, the Nifty Metal index was trading 0.82 percent lower led by a fall in shares of National Aluminium and Hindustan Zinc. The Nifty IT index also was down led by a fall in shares of Tata Elxsi, MindTree and Oracle Financial Services Software.

Shares of Godrej Properties rose 2.81 percent after the company reported its net profit figured at Rs. 141.5 crore, increased by 126 percent on year on year basis.

Adani Ports (+2.42%), GAIL India (+2.09%), HCL tech (+1.06%) Hindustan Unilever (+0.88%), Tech Mahindra (+0.81%) were the top gainers on Nifty50.

Sun Pharma (-2.80%), Bajaj Auto (-2.19%), Axis Bank and Eicher Motors (-2.13%) and Indiabulls HF (-2.05%) were the top losers in today’s trade.

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Nifty at 10,700 mark; Kotak Mahindra Bank stocks lead

Sensex, Nifty trade almost flat backed by buying in select private bank, FMCG, financial and auto stocks during afternoon trade on Wednesday.  Heavy selling in metal, IT, FMCG and Teck stocks restricted the gains.

At 2:30 PM, the BSE Sensex was trading at 35,165.68, up 5.32 points, while the NSE Nifty50 index was trading at 10,723.20 down 16 points. The BSE Midcap and SmallCap were down by 1.14% and 0.97% respectively.

SAIL stock fell 5.28% after 30.00 lakh shares changed hands in a block, while shares of Kotak Mahindra Bank zoomed 4.23% on the back of heavy volumes.

Nifty IT index was in the red  down by 1.61%  with shares of Infosys, TCS, Wipro, Tech Mahindra, Infibeam on account of losses in heavyweights including HCL Technologies (down 4.38%) during afternoon trade on Wednesday. 

Kotak Mahindra Bank (+4.23%), Zee Entertainment Enterprises Limited (+2.51%), ITC Ltd (+2.11%), Asian Paints (+1.68%), HDFC Bank (+1.60%) were the top gainers on Nifty50.

HCL Tech (-4.55%), Vedanta (-4.32%), Hindalco (-2.89%), Tata Steel (-2.77%) and Sun Pharma  (-2.73%) were the top losers at this point.