Here are the top stocks that are likely to be in focus today:
Muthoot Finance: The company is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29.
Reliance Industries: Sebi imposed a total penalty of Rs 25 crore on Mukesh Ambani, Anil Ambani, other individuals and entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
Ashok Leyland: The company said it has decided to form two new subsidiaries as part of its plans to strengthen green transport solutions. The first unit Switch Mobility Automotive Ltd is being formed to carry on the electric vehicle strategy in India and forms part of its global entity. The second subsidiary OHM Global Mobility Pvt Ltd will focus on providing mobility as a service offering.
Barbeque Nation share on a roll, rallies 47% from listing day s low
Barbeque Nation share defied market volatility and ended 19.99% or Rs 118.05 higher at Rs 708.45 on BSE today.
BusinessToday.In | April 8, 2021 | Updated 16:43 IST
Barbeque Nation share made a weak debut with 1.6% discount at Rs 492 on April 7.The IPO was held in the price band of Rs 498-500 per share.
Barbeque Nation Hospitality share closed 20% higher today, clocking 42% gains for investors from issue price. The share of restaurant and dining chain defied market volatility and ended 19.99% or Rs 118.05 higher at Rs 708.45 on BSE today.
Market cap of the firm rose to Rs 2,659.73 crore . Total 6.43 lakh shares changed hands amounting to turnover of Rs 45.32 crore on BSE. On NSE too, the share ended 20% higher at Rs 705.35. The share made a weak debut with 1.6% discount at Rs 492 on April 7.
Barbeque-Nation Hospitality hit an upper circuit of 20% to Rs 708.45 after UTI Mutual Fund purchased 0.67% stake in the company via bulk deal on NSE yesterday.As per the bulk deal data on the NSE, UTI Flexi Cap Mutual Fund purchased 2,50,924 shares, or 0.67% stake in Barbeque-Nation Hospitality at an average price of Rs 579.62 per share.
Simulteneously, Integrated Core Strategies Asia sold 4,01,815 shares, 1.07% stake in the company at an average price of Rs 545.15 per share. Integrated Core Strategies Asia held 1.89% in the fast-food chain as on 5 April 2021.
Barbeque-Nation Hospitality was listed on the bourses on Wednesday (7 April 2021). The stock was listed at Rs 492, a discount of 1.60% to the IPO price of Rs 500. The IPO of Barbeque-Nation Hospitality was subscribed 5.98 times. The issue opened for bidding on 24 March 2021 and closed on 26 March 2021. The price band for the IPO was set at Rs 498-500 per share.
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Barbeque Nation share springs a surprise, zooms 20% post weak listing
Barbeque Nation share listed at Rs 489.85 on NSE, a 2.03 per cent discount against issue price of Rs 500
BusinessToday.In | April 7, 2021 | Updated 11:13 IST
Barbeque Nation stock surged 20% to Rs 587.80 on NSE. Total 53.14 lakh shares of the firm changed hands on NSE.
Share of Barbeque Nation Hospitality surged 20% after listing at a discount of 2% today. Barbeque Nation share listed at Rs 489.85 on NSE, a 2.03 per cent discount against issue price of Rs 500. The price band of the IPO was fixed at Rs 498-500 per share. Later, the stock surged 20% to Rs 587.80 on NSE. Total 53.14 lakh shares of the firm changed hands on NSE.