Stocks in Focus on July 19: CPSE ETFs, Capacite Infra to Thermax; here are the 5 Newsmakers of the Day
CPSE ETFs, Capacite Infraprojects Limited, Thermax, SREI Infrastructure Finance and ACC stocks are expected to remain in focus in the intraday trade.
Amid negative cues from global equity markets, Sensex and Nifty, both lost around 0.80 per cent on Thursday, July 18, 2019. However, certain stocks came in news after the market was closed for the day. These stocks can have an impact on the indices after the market is opened for trading purposes on Friday, July 19, 2019. Here is a list of five such stocks:
See Zee Business video below:
Central Public Sector Enterprises exchange-traded funds (CPSE ETFs): The follow-on fund offering (FFO) CPSE ETFs is opening for the retail investors on Friday, July 19, 2019. The Centre is looking to mobilise up to Rs 10,000 crore through the latest FFO. This FFO has seen encouraging demand yesterday as the anchor investor portion was subscribed 8x more demand than the units on offer.
Capacit'e Infraprojects Limited: The board of directors of the Commercial and institutional building construction company, Capacit'e Infraprojects, will meet today to consider a fund-raising proposal through a private placement of equity shares including by way of qualified institutional placement (QIP).
Thermax: The company has concluded an Rs71 crore order from an Indian government power company to set up two Flue Gas Depressurization (FGD) systems at their thermal power plant in Jharkhand. The scope of supply includes design, engineering, manufacturing, civil
work, construction and commissioning of the FGD systems.
SREI Infrastructure Finance Ltd: Merger of SREI Infra with its wholly-owned subsidiary SREI Equipment Finance has been cancelled due to the prevailing market conditions in the NBFC Sector. The plan of cancellation was decided during a meet of management and the board of directors of the company. The Composite Scheme of Arrangement and Amalgamation of the two entities was discussed and approved earlier during a meeting of the Board of Directors on January 21, 2019.
ACC Limited: A member of the LafargeHolcim Group, ACC Limited, posted its financial reports of Q1FY20 and reported 39% growth in net profit to Rs456 crore led by better realisations and operational efficiencies. Operating EBITDA for the quarter registered YoY growth of 25% to Rs782 crore against Rs623 crore.
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