The Sensex and the Nifty on Wednesday, June 16, 2021, witnessed modest losses after a record-setting rally in previous sessions. Both stocks fell more than half a per cent amid weak cues from global equity markets. The S&P BSE Sensex declined 271 points, or 0.51 per cent, to close at 52,502. The Nifty 50 also slipped 102 points, or 0.64 per cent, to settle at 15,768. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens Thursday, June 17, 2021. List of such five stocks:
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Dodla Dairy: The initial public offering (IPO) of Dodla Dairy was subscribed 1.4 times on the first day of subscription. The retail portion was subscribed 2.73 times while the QIB and NII portion was subscribed 0.02 times and 0.14 times, respectively. The integrated dairy company seeks to raise Rs 520 crore through the public offer. The price band has been fixed at Rs 421-428 per equity share. The public issue will open for subscription on Wednesday till June 18, 2021.
Krishna Institute of Medical Sciences: The initial public offering (IPO) of Krishna Institute of Medical Science Ltd.’s (KIMS Hospitals) was subscribed 0.27 times on the first day of subscription. The retail portion was subscribed one time, while the QIB and NII were subscribed 0.14 times and 0.02 times, respectively. The employee portion was subscribed 0.27 times. KIMS seeks to raise up to Rs 2,143 crore through the public offer. The price band for the offer has been fixed at Rs 815-825 per equity share. The public issue will open for subscription on Wednesday till June 18, 2021.
Shyam Metalics: The initial public offering (IPO) of Shyam Metalics & Energy was subscribed 121.43 times on the last day of subscription. The retail portion was subscribed 11.64 times, while the NII and employee portion were subscribed 339.98 times and 1.55 times, respectively. Shyam Metalics seeks to raise up to Rs 909 crore through the issue. The price band of the issue has been fixed at Rs 303-306 per share.
Sona Comstar: The initial public offering of auto component marker Sona BLW Precision Forgings (Sona Constar) was subscribed 2.28 times on the last day of subscription. The retail portion was subscribed 1.58 times, while the QIB and NII portion was subscribed 3.46 times and 0.39 times, respectively. The company seeks to raise up to Rs 5,550 crore the issue. The price band of the issue has been fixed at Rs 285-291 per share.
CESC + Olectra Electric + Welspun Enterprises
CESC: The power utility company has reported a 13.5% YoY rise in the consolidated profit at Rs 429 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 378 crore in the corresponding quarter of the previous financial year. The revenue from operations rose 10.3% YoY to Rs 2,890 crore compared to Rs 2,624 crore posted last year. The EBITDA grew 44.8% to Rs 840 crore in the reported quarter compared to Rs 580 crore posted last year. Margin improved to 29.1% in Q4FY21 compared to 22.1% posted in Q4FY20. The company’s board considered and approved a proposal for a sub-division of the existing 1 equity share of the nominal value of Rs 10 each to be sub-divided into 10 equity shares of a nominal value of Re 1 each.
Olectra Green: The manufacturer of electric buses has reported a 44.3% YoY decline in the consolidated profit at Rs 9.7 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 17.4 crore in the corresponding quarter of the previous financial year. Consolidated revenue grew 110% YoY to Rs 147.9 crore compared to Rs 70.4 crore posted last year. EBITDA profit stood at Rs 17.5 crore in the reported quarter compared to an EBITDA loss of Rs 1.7 crore posted last year. The company had reported an exceptional gain of Rs 19.4 crore Q4FY20.
Welspun Enterprises: The construction engineering company has reported a 54% YoY decline in the consolidated profit at Rs 40.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 89.1 crore in the corresponding quarter of the previous financial year. The consolidated revenue from operations grew 20.8% YoY to Rs 568.8 crore compared to Rs 479.7 crore posted last year. EBITDA grew 7.2% to Rs 70 crore compared to Rs 63.5 crore posted last year. The margins dropped to 12.3% in Q4FY21 compared to 13.9% posted in Q4FY20. Besides, the board has approved the appointment of Mr Anoop Kumar Mittal as Non-Executive, Independent Director of the company. It also approved the appointment of Dipali Goenka as Non-Executive, Non-Independent Director.
Federal Bank + IDFC First Bank
Federal Bank: The board of the commercial banking company has approved the issuance of up to 10.48 crore equity shares to International Finance Corporation, IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund at Rs 87.39 per share (CMP – 84.95) aggregating to Rs 916 crore. Further, the bank will raise up to Rs 4,000 crore via Rights Issue, QIP, FPO, FCCB, ADR, Global Depository Receipts etc. The bank will also raise up to Rs 8000 crore via the issue of debt instruments in the domestic and/or overseas market.
IDFC First Bank: The board has approved the re-appointment of V Vaidyanathan as the MD & CEO for a further period of three years, with effect from December 19, 2021, up to December 18, 2024. Approval from RBI and shareholders is pending.
Tata Steel: LIC sold a 2.021% stake between March 16 and June 15, 2021.
LG Balakrishnan & Bros: HDFC Mutual Fund bought 2% stakes in the company on June 14, 2021. With this, the stakes increased to 7.29%.
Greenply Industries: Mirae Asset Mutual fund bought 0.575% stakes in the company on June 14, 2021.
Suprajit Engineering + Globus Spirits + V Guard + Aurobindo Pharma
Suprajit Engineering: Sundaram Clayton and TVS Motor sell almost all their stake in the company. Sundaram Clayton sells 56.6 lakh shares at Rs 280 per share. TVS Motor sells 28.09 lakh shares at `280.73 per share.
Globus Spirits; Templeton Strategic Emerging Markets Fund IV LDC continued to offload shares since the last week of May, selling another 5.63 lakh equity shares in Globus Spirits at Rs 441.7 per share.
V Guard: Mr Kochouseph Chittilappilly has sold 50 lakh (1.16% stakes) on June 14, 2021. Mr Kochouseph Chittilappilly is the Promoter and Chairman Emeritus of V-Guard Industries Limited.
Aurobindo Pharma: Promoter Kambam Spoorthi sold 6 lakh shares on June 14, 2021.