At the stock markets, the S&P BSE Sensex gained 69.33 points, or 0.12 per cent, to end at 58,247.09 on Tuesday, September 14, 2021. The Nifty at the National Stock Exchange added 24.70 points, or 0.14 per cent, to 17,380. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, September 15, 2021. List of such five stocks:
Sansera Engineering IPO: The Rs 1,283 crore initial public offering (IPO) of the auto component manufacturer Sansera Engineering was subscribed 53% on the first day of the bidding, i.e., Tuesday, September 14, 2021. The QIB portion was subscribed to 29% while the NII and Retail portions were subscribed to 7% and 87%, respectively. The public issue will be available for subscription till Thursday, September 16, 2021. The public issue is a 100 per cent Offer for Sale (OFS) of 17,244,328 equity shares by its existing shareholders and promoters. The price band for the IPO has been fixed at Rs 734-744 per share. Retail investors interested to subscribe to Sansera Engineering’s IPO can place a bid in the lot of 20 equity shares and multiples thereafter.
See Zee Business Live TV Streaming Below:
Shree Cement: The Board of Directors of the company has approved the setting up of an Integrated Cement Plant at Village Gothra in Nawalgarh Tehsil of Rajasthan having a Clinker Capacity of 3.8 million tons per annum (MTPA) and Cement Capacity of upto 3.5 MTPA. This facility will be developed at an expense of Rs 3,500 crore. The board has also approved the proposal for the setting up of a Clinker Grinding Unit at Village Digha & Parbatpur, in Purulia district of West Bengal. The unit will be developed at an expense of Rs 750 crore. The board has also approved setting up Solar Power Plants at various locations to meet the captive requirement of the Cement Plants of the Company. It will be established at an expense of Rs 500 crore.
OMCs: Stocks like BPCL, IOC, HPCL and ONGC will remain in focus today as the Goods and Services Tax (GST) Council during its next meet scheduled on Friday, September 17, 2021, might consider taxing petrol, diesel and other petroleum products under the single national GST regime.
Force Motors: The company will launch its 4×4 off-road SUV vehicle Force Gurkha BS6 today. The Force Gurkha will be a 3-door SUV, however, there will also be a 5-door option. This vehicle can give competition to Mahindra Thar. The cost of the car is estimated to be around Rs 10-14 lakhs.
Tata Steel: Moody’s Investors Service has upgraded the corporate family rating of Tata Steel Ltd. to Ba1 from Ba2. The rating outlook remains stable.
Linde India + PFC
Linde India: Nippon India Mutual Fund has sold 91,066 shares in the open market and reduced its stakes to 6.7% from 6.82%.
Power Finance Corporation: UBS bought an additional 2.27% stake in the company through rights issues. With this, UBS has increased its stake in PFS from 3.4% to 5.67%.
Credit: Source link