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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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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TCS turns India's First USD 100 bn Co in Market Cap

India’s IT major Tata Consultancy Services (TCS) rose by almost 2% to reach an all-time high of Rs 3,470 per share, making it India's first 100-billion dollar company, the first ever in the history of capital markets of India.

TCS beat its Q-4 result estimate last week. The company has also announced a bonus share issue in the ration of 1:1.  Subsequent on its announcement of fourth quarter results ending March 2018, its stock price spiralled, helping it cross Rs 6.66 lakh crore in market Capitalization. Its share price is presently on the rise crossing Rs. 3,506 per share on National Stock Exchange.

As per the RBI’s reference rate of Rs 66.0167 versus US dollar on Friday last week, TCS achieved a market capitalization of USD 103.08 billion. In the Indian rupee terms, the company raked in a M-Cap of Rs 6,80,528 crore on BSE based on the all-time high price of Rs 3,551.95. 

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Stock in Action on Mondays morning deal; the best stock tips

Equity benchmark indices started on a weaker note on Monday opening trade on negative global signals after the US stroke missile attack on Syria following which prices of oil rose setting off a downturn in investor sentiments. The benchmark Sensex hit a day’s bottom of 33,900 levels while the NSE indicator Nifty 50 slumped to a day’s low of 10,396 levels on Monday. 

Shares of IT major Infosys Ltd were the biggest losers among the BSE Sensex after the company announced its earnings results for the quarter and the financial year ended 31 March 2018.

Shares of Gruh Finance Limited rose 3 percent to Rs 632 after the company announced a net profit of Rs. 130 crore in March quarter.

Shares of United Spirit Ltd rose 0.70% at 3,509.20 after the company approved a stock split in the ratio of 5:1.

Shares of Dilip Buildcon Limited rose 0.80% at 1149.65 after the company has incorporated five new special purpose vehicles Companies for five projects awarded by the NHAI valued at Rs. 6306.9 Crores.

The Indian rupee weakened against US dollar in the midst of geopolitical worries over Syria and trade war concerns. The rupee was trading at 65.38 against US dollar, down 0.26 percent from its Friday’s close of 65.22.

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Stock Tips, Stock to Watch out for the day, Stock News

HDFC: HDFC Asset Management Company, a subsidiary of HDFC has filed the draft red herring prospectus (DRHP) with the SEBI.  

Yes Bank, Fortis Healthcare; Yes Bank has sold 1.12 crore equity shares of Rs 10 each, constituting 2.17% of the paid up share capital of Fortis Healthcare, resulting into changes in holding of the bank by more than 2 percent of the total shareholding of Fortis Healthcare, from the last disclosure made by the bank on 13 March 2018.

Wipro: Wipro limited has announced that the company invested USD 2.02 million to acquire 20% stake in Avamo Inc., on a fully diluted basis.

Bharat Financial Inclusion: The non-banking finance company, Bharat Financial Inclusion Limited, completed its third securitization transaction in FY 2018 of Rs 450.82 crore. By this,   the company has completed securitization transactions worth Rs 1114.49 crore in FY 2018.

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