Sunday, January 23, 2022
Home > Stock Market > Stocks in Focus on September 29: Mazagon Dock Shipbuilders, Vedanta, BPCL to Defence stocks; here are the 5 Newsmakers of the Day

Stocks in Focus on September 29: Mazagon Dock Shipbuilders, Vedanta, BPCL to Defence stocks; here are the 5 Newsmakers of the Day


Benchmark domestic stocks gained 1.60 per cent in sync with positive global markets on Monday, September 28, 2020. The Sensex at Bombay Stock Exchange surged 593 points, or 1.59 per cent, to close at 37,982. The Nifty at National Stock Exchange also rose 177 points, or 1.6 per cent, to settle at 11,228. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, September 29, 2020. List of such five stocks:

UTI AMC, Mazagaon Dock, Likhita Infrastructure IPO and EIH rights Issue: IPO of Mazagon Dock Shipbuilders, UTI Asset Management Company (AMC) and Likhitha Infrastructure will open today, while Rites issue of RITES will also hit the market today. 

UTI Asset Management IPO: The Rs 2,160 crore IPO of UTI Asset Management will open today, i.e. September 29, 2020. The issue will close on October 1, 2020. The price band for the issue has been fixed at Rs 552-554 per share. Before the IPO, UTI AMC has raised Rs 645 crore from Anchor Investors, like Nomura (Singapore), Goldman Sachs (Singapore), Morgan Stanley Asia (Singapore), ICICI Prudential Mutual Fund and HDFC Mutual Fund.

Mazagon Dock Shipbuilders IPO: The Rs 444 crore, IPO of the only Indian firm that makes destroyers and submarines for the Indian Navy will open today. The issue will close on October 1, 2020. The price band for the IPO has been fixed at Rs 135-145.

Likhita Infrastructure IPO: The Hyderabad-headquartered oil and gas pipeline infrastructure service providers Rs 61.20 crore IPO will hit the market today, i.e. on September 29. The issue will close on October 1, 2020. The price band for the issue has been fixed at Rs 117-120.

EIH rights issue: The Rs 350 crore rights issue of EIH will open today and will close on October 13, 2020. The rights issue has been fixed at Rs 65 per share. The entitlement ratio is 8 equity shares for every 85 equity shares held by eligible equity shareholders of the Company as on the record date. 

Hexaware Technologies: HDFC Asset Management Company (AMC) has sold 5.02% stakes in the company. HDFC AMC has sold its entire stake of Hexaware Technologies.  

Vedanta: The Board of Directors of the Company is scheduled on October 3, 2020, to consider and approve the unaudited financial results of the Company for the First Quarter ended June 30, 2020.

Bharat Petroleum Corporation Ltd. (BPCL): BPCL Chairman K Padmakar yesterday said the divestment plan is fully on track and it is likely to be completed by the end of the current financial year. The divestment process is completely managed by the government. He added the Express of Interest (EOIs) has received good response. Around 1,000 of its staff have opted for the Voluntary Retirement Scheme.

See Zee Business Live TV Streaming Below:

Defence stocks in focus: Defence Minister Rajnath Singh on Monday chaired the Defence Acquisition Council (DAC) meeting and approved proposals for capital acquisition of various equipment required by the Indian Armed Forces at an approximate cost of Rs 2,290 crore. These include procurement from the Domestic Industry as well as Foreign vendors. 





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: