National Monetisation Pipeline, AGR case in SC, fine on Maruti are TOP TRIGGERS; Aptus Value Housing Finance and Chemplast Sanmar, Vodafone Idea and Canara Bank in focus

From aviation, telecom to PSU (public sector unit) sector stocks are likely to show price action movement during today’s trade, said Zee Business Senior Research Analyst Varun Dubey.

Dubey says, the government’s announcement of the National Monetisation Pipeline will have a huge impact on the stocks from roads, railways, aviation, power and transmission, telecom sectors. The finance ministry on Monday aims to raise Rs 6 lakh crore by monetising assets by FY25.

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The analyst syas, this policy was keenly awaited and need to focus on all the sectors that government to monetise in next four years. Alone in FY22, the finance ministry mulls to monetise at least Rs 88000 crore assets.

The best about monetisation, Dubey says, is that these monetised assets will have ownership of the government and these assets will be back to them after a certain period.

वित्त मंत्री ने लॉन्च की 6 लाख करोड़ रुपए की नेशनल मोनेटाइजेशन पाइपलाइन...

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Besides, Supreme Court on Tuesday at around 3:00 pm is scheduled to take up AGR (adjusted gross revenue) dues plea, which may have an direct impact on telecom shares of Vodafone Idea and Airtel.

Two new companies — Aptus Value Housing Finance and Chemplast Sanmar — are all set to list their shares on the exchanges today. The initial public offer of both companies was opened between August 10-12, 2021.

Similarly, Aditya Birla Fashion’s 8.36 crore shares, which were allotted through rites issue will start trading from today onwards on the exchanges, says the analyst.

June quarter results of Gillette and ITDC are expected today, wherein Gillette is also expected to announce dividends today. While Canara Bank to raise Rs 2500 crore through QIP, of which issue price is set at Rs 149.75 per share and floor price Rs 158.58 per share at 4 per cent discount.

In the auto sector, Maruti Suzuki on Monday was fined Rs 200 crore by the Competition Commission of India regarding dealer discount policy. And, Eicher Motors Managing Director Siddharth Lal has been re-appointed after the remuneration issue being resolved.