Market drifts lower in early trade; breadth strong business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Here are the top stocks to track in today s session:
Dodla Dairy, KIMS: Two companies will list on the bourses on Monday, namely Dodla Dairy and Krishna Institute of Medical Sciences (KIMS). The two IPOs that ran between June 16-18 were subscribed 46 times and 4 times, respectively.
Earnings Today: More than 300 companies are slated to post their quarterly numbers today including NALCO, Future Lifestyle, Zee Media, GIC Housing Finance and NLC India.
IndiGo: Shareholders of InterGlobe Aviation, parent of airline IndiGo, have approved a proposal to raise up to Rs 3,000 crore. The funds would be raised through the Qualified Institutional Placement route.
Shares of Dodla Dairy will debut on the bourses today, 28 June 2021. Dodla Dairy offer closed for subscription on June 18 after being subscribed 45.62 times. Issue price is Rs 428 per share.
Shares of Krishna Institute of Medical Sciences (KIMS) will debut on the bourses today, 28 June 2021. KIMS Hospitals public offer witnessed an oversubscription of 3.86 times during June 16-18. Issue price is Rs 825 per share.
Reliance Industries (RIL) said that the Fluidized Catalytic Cracker Unit (FCCU) in SEZ refinery at Jamnagar which was taken for an emergency shutdown on June 6, 2021 has been restarted after carrying out necessary repairs. The Unit has since been stablized and normal throughput has been reached.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 97.94 points or 0.19% at 53,022.98. The Nifty 50 index was up 26.75 points or 0.17% at 15,887.10. The Sensex regained the psychological 53,000 mark in opening trade. Asian stocks are trading mixed.
The S&P BSE Mid-Cap index was up 0.3%. The S&P BSE Small-Cap index was up 0.6%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1774 shares rose and 856 shares fell. A total of 115 shares were unchanged.
Stocks in news:
Reliance Industries (RIL) rose 0.41%. RIL said that the Fluidized Catalytic Cracker Unit (FCCU) in SEZ refinery at Jamnagar which was taken for an emergency shutdown on June 6, 2021 has been restarted after carrying out necessary repairs. The Unit has since been stablized and normal throughput has been reached.
NEW DELHI: While the benchmark equity indices have gained just over 10 per cent returns in the first half of Calendar 2021, a host of 2021 debutants managed to deliver up to 330 per cent returns to investors during this period.
Data showed out of 22 listings so far in 2021, 16 managed to deliver double-digits returns to investors, while eight shot up in excess of 50 per cent.
Five stocks that stood out included Nureca, Easy Trip Planners, Barbeque Nation Hospitality, MTAR Technologies and Laxmi Organic Industries. Many of these companies reported strong earnings for the March quarter (on last year’s lower base).
Shares of Nureca soared 327 per cent since its debut on February 27. At Rs 1,708 on Friday, the scrip was up 4.3 times from issue price of Rs 400. Nureca is a wellness and healthcare company and owns the brand Dr Trust . The company reported 63.3 per cent YoY rise in net profit for March quarter at Rs 3.89 crore on a 0.3 per cent rise in sales at Rs 33.12 crore. Sales f