STOCKS TO WATCH

Stocks to watch in trade : 

Axis Bank has launched QIP Issue at Rs 442.19 per share which is at a premium of 3% to the closing prices on Aug. 4. The issue opened on Aug. 4. As per SEBI regulation, company may offer a discount of not more than 5% on the floor price. Indicative price is at Rs 420.1 per share which is at a discount of 2.1% to the last closing price and deal size is worth $1.33 billion, including a base size of $1.067 billion and option to upsize by an additional $267 million as per the terms. Board is scheduled to meet on Aug. 10 to consider the date of closing QIP and issue price for sale (Bloomberg News)

SAIL: July steel sales up 50% at 1.58 million tons. The consequent improvement in cash collections despite lower prices compared to last year coupled with stringent financial measures, allowed the company to reduce its borrowings below level of Rs 50,000 crore said company’s chairman Anil Kumar Chaudhary. (Bloomberg News)

Maruti Suzuki’s chairman R.C. Bhargava said that second half sales of fiscal will be near last year’s levels. The overall market seems to be in favour of small hatchbacks and petrol and CNG cars. Company plans to shift Gurugram facility has been delayed.

Info Edge has launched QIP Issue at Rs 3,177.18/share which is at a discount of 0.3% to the closing prices on Aug. 4. The issue opened on Aug. 4. Panel is scheduled to meet on Aug. 7 to consider the date of closing QIP and issue price for sale

Sun Pharma Advanced Research stated that as on June 30, company’s current liabilities exceed current assets and it is in the process of raising funds for its operations. The company also received financial support letter from its parent Sun Pharma which is valid till the time the company is able to raise funds from external sources.

Adani Ports & SEZ has raised $750 million via unsecured notes.

Yes Bank: LIC increased stake from 0.76% to 4.99% in the bank from Sept. 2017 till July 31.

Dixon Tech’s management stated in a concall that due to the announcement of moving to the import of television sets on restricted list, the company fill further expand its capacity for LED TVs to 5.5 million units (earlier expansion plan was for 4.4 million units) during the next 6 months. Company has also applied for PLI schemes for mobile manufacturing to the government.

SRF stated it has capitalized and commissioned its BOPET film line in Hungary by its European arm for Euro 80 million.

Havells to issue commercial papers worth Rs 300 crore to ICICI Bank and Rs 200 crore to ICICI Prudential Money Market Fund.

HPCL issued NCDs worth Rs 1,200 crore on a private placement basis.

Omaxe has filed a criminal complaint under the provisions of the Information Technology Act, 2000 against unknown persons’ misrepresenting themselves as executives /employees/representative of MidcapMovers.com.

SH Kelkar update on Creative Flavours and Fragrance acquisition: On July 28 the company has completed acquisition Italy’s Creative Flavours and Fragrance for a total investment of Rs 223 crore. Capex of euro 1.5 million has already undertaken to enhance the company’s production capacity.

Astral Poly Technik: Board appointed existing Managing Director, Sandeep Engineer as the new chairman with effect from Aug. 25.