Friday, May 25, 2018

IPO ANALYSIS: AFFORDABLE ROBOTIC & AUTOMATION LTD - INVEST



Issue Details :


Issue opens  / closes on
24-05 / 28-05-2018
Issue size
26,81,600 equity shares
Face value
Rs 10
Price band
Rs 83-85
Business
Providing turnkey automation solution to automotive,
Promoters
Milind Padole and Manohar Padole
Listings
Bse, sme
BRLM
Pantomath Capital
Registrar
Link Intime

IPO ANALYSIS: Nakoda Group of Industries - Avoid


Issue Details :


Issue opens  / closes on
23-05 / 29-05-2018
Issue size
18,52,000 equity shares
Face value
Rs 10
Price
Rs 35
Business
Food processing - bakery
Promoters
Pravin Chaudary and Jayesh Chaudary
Listings
Bse sme
BRLM
Pantomath Capital
Registrar
BigShare

HDFC Bank's on line sales touches Rs 1000 Cr a month

Image result for hdfc bank


India's top private lender HDFC Bank is sanctioning on line loans amounting to Rs 1,000 crore per month. Industry experts expects it to go up further with the launch of a an online loan against mutual funds. 

The private sector lender launched the new product offering today in association with CAMS, which controls 65 per cent of the market share. 


Nationwide strike by bank employees on 30th, 31st May

Employees and officers of various state-run banks have called for a two- day nationwide strike from May 30 to protest a nominal 2 per cent wage hike offered by the Indian Banks' Association. 

Wage revision is due since last Nov.


Thursday, May 24, 2018

Indiabulls Housing to raise Rs 15000 Cr through NCDs

Indiabulls Housing Finance has plans to raise up to Rs 15,000 crore by issuing bonds through a public issue.

The unsecured redeemable NCDs will be in the nature of subordinated debt and will be eligible for tier II capital.

The NCDs are proposed to be listed on the exchanges.


IOC's profit soar by 40%

 Indian Oil Corporation has posted 40 per cent year-on-year rise in profit at Rs 5,218 crore for the quarter ended March 31. It had posted a net profit of Rs 3721 crore in the corresponding quarter last year. 

Revenue from operations jumped 12.29 per cent year-on-year to Rs 1.37 lakh crore in Q4 FY18 from Rs 1.22 lakh crore in Q4 FY17. 

IPO ANALYSIS: - Debock Sales and Marketing Limited Avoid


Issue Details :


Issue opens  / closes on
24-05 / 28-05-2018
Issue size
22,20,000 equity shares
Face value
Rs 10
Price
Rs 20
Business
Mfrs and traders of agri equipments
Promoters
. MUKESH MANVEER SINGH
Listings
Nse, emerge
BRLM
Gretex Corp Services
Registrar
Cameo Corp Services

Tuesday, May 22, 2018

SBI gains 5%,despite phenomenal loss in Q4

State Bank of India has reported a whopping Rs 7,718 crore loss for March quarter as bad provisions doubled to Rs 22,096 crore from Rs 11,740 crore in the same quarter last year. NPA provisions stood at Rs 18,876 crore for December quarter. 

The PSU bank had reported net loss of Rs 3,442 crore in the corresponding quarter last year. 

SBI shares gained 5% and closed at Rs 256 in today's trade.

IPO ANALYSIS: Latteys Industries limited - Avoid


Issue Details :


Issue opens  / closes on
23-05 / 28-05-2018
Issue size
12,22,000 equity shares
Face value
Rs 10
Price
Rs 66
Business
Mfrs of pumps
Promoters
Kapoorchand Garg, Pawan Garg
Listings
Nse, emerge
BRLM
Pantomath Capital
Registrar
Link Intime

Bhushan Steel take over : NCLAT refuses to stay Tata Steel's acquisition

Image result for tata steel


National Company Law Appellate Tribunal has declined to stay Tata Steel's acquisition of debt-laden Bhushan Steel under the corporate insolvency resolution process.

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya also issued notices to Tata Steel, the resolution professional and Committee of Creditors of Bhushan Steel on a petition filed by its promoter Neeraj Singal challenging the sale.

Tata Steel stock closed at Rs 576, down 2% in yesterday's trading.

IPO ANALYSIS: SUUMAYA LIFESTYLE LIMITED - AVOID



Issue Details :


Issue opens  / closes on
22-05 / 25-05-2018
Issue size
76,88,000 equity shares
Face value
Rs 10
Price
Rs 18
Business
Mfrs / traders of clothes, dress materials, suits.
Promoters
Ms
Ishita Mahesh Gala and
Indiacredit Risk Management LLP

Listings
Nse, emerge
BRLM
Gretex Corp Services
Registrar
Bigshare

IPO ANALYSIS: ARIHANT INSTITUTE LIMITED - AVOID



Issue Details :


Issue opens  / closes on
23-05 / 28-05-2018
Issue size
25,00,000 equity shares
Face value
Rs 10
Price
Rs 30
Business
Coaching  & educational  guidance for students  appearing for professional
courses.

Promoters
Sandip Vinodray Kamdar
,Vinodray Keshavlal Kamdar,
Maduben Vinodray Kamdar / others

Listings
Bse, sme
BRLM
Monarch Networth Capital
Registrar
Karvy

ICRA : India's growth pegged at 7.4 percent in q4

Image result for icra


Rating agency Icra expects GDP growth in January-March 2017-18 at 7.4 per cent on account of good rabi crop harvest and improved corporate earnings, up from 7.2 per cent in the third quarter. 

The Central Statistics Office  is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal 2017-18 and provisional annual estimates for the year 2017-18 on May 31.