Intraday Future

A few Stocks in Focus on Tuesday, 9 May 2017

Posted on

Stock Prices, Market Update, Stock News, Share trading advice, Day trading, Stock UpdateABB India Ltd’s March quarter results recorded a robust jump of 28% in order inflows at Rs. 2,342 crore. The company’s net profit advanced 3.2 percent to Rs 88.17 crore on 8.4 percent increase in net sales to Rs. 2,146.04 crore in first quarter March 2017 year-on-year. The orders received in first quarter March 2017 was Rs, 2,342 Cr.

The book publisher S Chand & Co, will list on the secondary equity market today, 9 May 2017. The company got listed on BSE at a premium of 5 percent at Rs 707 per share as against its IPO price of Rs 670 per share. The offer closed on 28 April 2017, which was subscribed 59.49 times, with total bids for 45.72 cr, shares.

The power and automation major, ABB India Ltd’s shares gained to the of that 10.58% to Rs 1,550 per share after the company’s Q1 order inflow rose 28 percent to Rs 2,342 crore. The stock hit its highest since 20 December 2007, a 9-year high, and is the biggest gainer among BSE-500 index and NSE Nifty-200 index stocks. The company on Monday reported a 3.2 percent rise in net profit for the first quarter ended 31 March, in the wake of higher order inflows.

Bharti Infratel’s net profit fell 16.95% to Rs 596.60 crore, n a consolidated basis. The result was unveiled after market hours yesterday, 9 May 2017. Meantime, Smart Link Network Systems said that the company has made an additional investment of Rs 1.00 crore in its subsidiary Tele-smart SCS. The announcement was made after market hours yesterday, 8 May 2017.

Reliance Infrastructure files fresh InvIT IPO papers with Sebi

Posted on

Reliance, RIL, Market NewsReliance Infrastructure Ltd, led by Anil Ambani Group, has filed fresh papers with the market regulator Sebi for its proposed infrastructure investment trust fund IPO ( Initial Public Offer).

As per the revised draft paper, the offer comprises units aggregating to Rs. 2,500 Cr, with an option to maintain over subscription of up to 25 percent of the issue size in line with the InvIT Regulations.

It was in last December that Reliance Infra had filed its draft papers with the regulator to acquire Rs. 3,000 Cr, through InvIT. infrastructure investments are debt instruments, that can be traded in the market, and can be a product for sponsors with the intention for gaining positive returns. It enables promoters to monetize completed assets and raise funds for other long standing projects.

Reliance Infrastructure will be the sponsor of infrastructure investments Fund and Reliance Nippon Life AMC will be its investment manager. The issue manages by DSP Merrill Lynch, Axis Capital, SBI Capital Markets, UBS Securities, and Yes Securities. So far, only IRB InvIT Fund has hit the market for an Initial Public Offer, intending to raise more than Rs. 5,000 Cr, through the issue.