Stocks in Focus on September 2: Ami Organics IPO, Auto Stocks, Vedanta, Metal Stocks to SPARC; here are the 5 Newsmakers of the Day

The Sensex and the Nifty on Wednesday witnessed modest losses. Both indices ell more than 0.3 per cent. The BSE Sensex lost 214 points, or 0.37 per cent, to finish at 57,338. The NSE Nifty also fell 56 points, or 0.33 per cent, to settle at 17,076. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, September 2, 2021. List of such five stocks:

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IPO Updates

Ami Organics IPO: The initial public offering (IPO) of the Surat-based speciality chemical company, Ami Organics which opened for subscription yesterday was subscribed 1.90 times. The QIB portion was subscribed 1.39 times, while the NII and retail portions were subscribed 0.40 times and 2.82 times, respectively. The Rs 569.64 crore IPO will remain open for bidding till Friday, September 3, 2021. The price band for Vijaya Diagnostic Centre IPO has been fixed at Rs 603-610 per equity share. Retail investors can place their bids in a lot size of 24 shares up to a maximum of 13 lots. Ami Organics IPO consists of an offer for sale of Rs 369.64 crore and a fresh issue of Rs 200 crore. 
Vijaya Diagnostics IPO: The initial public offering (IPO) of Vijaya Diagnostic which opened for subscription was subscribed 0.30 times. The QIB portion was subscribed 0.23 times while the NII and retail portions were subscribed 0.01 times and 0.46 times, respectively. The Rs 1,895 crore IPO (all through OFS) will remain open for bidding till on Friday, September 3, 2021. The price band for Vijaya Diagnostic Centre IPO has been fixed at Rs 522-531 per equity share. Investors can subscribe to the initial public offering (IPO) by betting for a lot of 28 shares or in multiples thereof. 

Auto Sales

Hero MotoCorp: The country’s largest two-wheeler maker Hero MotoCorp on Wednesday reported a 6% MoM jump in total sales at 4.54 lakh units in August 2021 compared to 4.29 units sold in July 2021. On a year-on-year basis, the sales dropped in August 2021 from 5.84 lakh units sold in the same month last year. Domestic sales (YoY) dropped to 4.31 lakh units as compared to 5.68 lakh units sold last year. However, the exports (YoY) increased to 22,742 units from 15,782 units exported last year. 
Eicher Motors: The manufacturer of motorcycles and commercial vehicles Eicher Motors on Wednesday reported a 6% rise in total sales at 4.54 lakh units in August 2021 as compared to 4.29 lakh units sold in July 2021. On a year-on-year basis, the total sales dropped in August 2021 as compared to 5.84 lakh units sold in the same month last year. Domestic sales (YoY) dropped to 4.31 lakh units in August 2021 from 5.68 lakh units sold in August 2020. However, the exports grew to 22,742 units in August 2021 from 15,782 units sold in August 2020. 

Vedanta + Metals + Coal India + Hindustan Zinc 

Vedanta: The mining major Vedanta Ltd on Wednesday said its board has approved an interim dividend of Rs 18.50 per equity share for FY2021-22, amounting to Rs 6,877 crore. The record date for the purpose of payment of dividends is September 9, 2021. 
NMDC/Metals in Focus: Iron Ore prices fell by 7% on Wednesday. Overall, the prices of the metal have fallen by 24% in the last one month. 
Coal India: The coal mining company has reported that total production increased 14.5% to 42.6 MT in August 2021 from 37.2 MT produced in the same month last year. Offtake increased by 9.5% to 48.6 MT against 44.4 MT posted last year. 
Hindustan Zinc: The company has extended the planned shutdown taken at one of the roasters at Chanderiya Lead Zinc Smelter in need to repair and overhaul many major structural components of the roaster to avoid any operational risk in the future. This will lead to a loss of production of about 25KT of Zinc. 

SPARC + Sun Pharma

SPARC: Sun Pharma Advanced Research Company (SPARC) on Wednesday said it will seek shareholders' approval to raise up to Rs 1,800 crore through various modes, including the issue of equity shares and securities. The company proposes to raise the funds in one or more tranches, by way of public/private offerings, qualified institutional placement, rights offering or any other permissible mode, SPARC said in a regulatory filing.
Sun Pharma: Sun Pharma Japan has sold its entire shareholding in Kayaku Co. Ltd. to Shinshin Pharmaceutical Co., Ltd. on September 1, 2021, for a total consideration of JPY 353,983,400 (Rs 23.4 crore approx). Thus Kayaku Co. Ltd has ceased to be the subsidiary of the Company. 

Minda Corporation + Mahindra CIE

Minda Corporation: Wholly owned subsidiary Spark Minda Green Mobility Systems Private Limited (SMGMS) has signed Shares Subscription and Shareholders Agreement with EVQPOINT Solutions Private Limited (EVQPOINT) and its promoters & Other Ancillary Agreements with EVQPOINT including Technology License Agreement (TLA) on September 1, 2021. Pursuant to the Shares Subscription and Shareholders Agreement SMGMS has agreed to subscribe for allotment of at least 26% of the Equity Share Capital of the EVQPOINT and EVQPOINT agreed to issue and allot the said Equity Shares on mutually agreed terms & conditions. EVQPOINT provides smart electric vehicle charging products and solutions indigenously designed and developed, to meet the growing needs of the eMobility market.
Mahindra CIE Automotive: ACACIA Partners has sold 67.85 lakh shares (1.79% equity) in the company via an open market transaction, reducing shareholding to 4.07% from 5.86% earlier.