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What to watch for trade on October 22? Focus on Hyundai IPO, Bajaj Housing Finance, Tata Steel and Niva Bupa Health Insurance – Market News

What to watch for trade on October 22? Focus on Hyundai IPO, Bajaj Housing Finance, Tata Steel and Niva Bupa Health Insurance – Market News

It’s an action-packed morning on D-street on October 22. Hyundai Motor India will be listed on the bourses on October 22. Also, investors will assess the first quarterly results of Bajaj Housing Finance after it was listed last month. That apart Waaree Energies IPO continues to garner investor interest.

The Hyundai IPO concluded with the issue being subscribed 2.37 times. The QIB section saw maximum subscriptions while the retail segment seemed a bit apprehensive about the lack of fresh issuance.

Meanwhile, Indian markets ended Monday’s trading session on a lower note. The Nifty 50 couldn’t defend 24,800 closing the session 0.29% lower at 24,781 while the Sensex ended the session 74 points or 0.09% lower at 81,151. The Bank Nifty concluded today’s session 132 points or 0.25% lower at 51,963.

Tata Chemicals, Tata Group, tata Sons, Tata, Market

Tata Chemicals soars as buzz grows over Tata Sons IPO

GDP, Elara Capital, Funds, Market, Oil Prices

India-focused funds see inflows slow in October

Waaree Energies IPO price band, Price, GMP, Review and Details

Waaree Energies IPO GMP soars over 100%: Check issue price, allotment status, listing date and more

waaree energies ipo 2024 Live Updates

Waaree Energies IPO 2024 Live Updates GMP: Check latest GMP, Price Band, Allotment Date, Listing & More

“Markets made a volatile start and quickly erased all its early gains to languish in negative territory. Although it recouped most of its losses, key indices ended marginally lower on profit-taking in banking, IT, oil & gas, realty and power stocks. Weakness in European indices coupled with a mixed trend in other Asian markets contributed to overall sluggishness in the domestic market,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.

Stocks to watch for October 22

Bajaj Housing Finance

Bajaj Housing Finance announced a 21% increase in its net profit for the quarter ending September 2024, reaching Rs 546 crore, compared to Rs 451 crore in the same quarter last year. This is the first quarterly result it released after concluding its IPO. 

Niva Bupa Health Insurance Company

Niva Bupa Health Insurance Company and Paras Healthcare have received Sebi’s approval to for an IPO. The company is looking to raise Rs 3,000 crore through the sale of fresh shares and an Offer for Sale (OFS) component. Paras Healthcare aims to raise Rs 400 crore through fresh fresh shares and OFS.

Tata Steel 

Tata Steel signed a contract with an Italy-headquartered metals technology multinational to deliver a state-of-the-art electric arc furnace (EAF) as part of its green steelmaking drive in the UK. Under the agreement, Tenova is to supply an EAF with an annual capacity of 3 million tonnes of steel similar to the output of the site’s blast furnaces decommissioned recently by melting scrap steel sourced from the UK.

CG Power and Industrial Solutions 

CG Power and Industrial Solutions reported a 10% decline in its consolidated profit after tax to Rs 220 crore for Q2 FY25 compared to Rs 244 crore in the year-ago quarter. The company’s aggregate sales for the quarter grew by 21% to Rs 2,413 crore in Q2 FY25 from Rs 2,002 crore in the same quarter of 2023-24.

Sanofi Consumer Healthcare India 

Global investment firm CD&R announced an open offer to acquire a 26% stake in Sanofi Consumer Healthcare India for Rs 2,983 crore. The offer is made at a price of Rs 4,982.05 per share, aggregating to a total consideration of up to Rs 2,983.23 crore.

Earnings Tomorrow

Bajaj Finance, Zomato, Adani Green Energy Limited, Adani Energy Solutions, Varun Beverages, SRF, Supreme Industries, ICICI Prudential Life Insurance Company, Zensar Technologies, Shoppers Stop, Indus Towers, Persistent Systems, One 97 Communications, Max Financial Services, Mahindra & Mahindra Financial Services, ICICI Securities, Kajaria Ceramics, Olectra Greentech, IIFL Securities Limited, Responsive Industries, Shanthi Gears, Salasar Techno Engineering, Welspun Specialty Solutions, Ugro Capital, SBC Exports, Vikas Lifecare, Swastika Investsmart, Sunrise Efficient Marketing, Tokyo Plast International, Royale Manor Hotels and Industries, Tokyo Finance, RO Jewels, Shangar Decor, Jubilant Ingrevia, Prime Securities, Orbit Exports, NDL Ventures, Regis Industries, Par Drugs & Chemicals, Lloyds Luxuries, Key Corporation, Jindal Hotels, MARKOBENZ VENTURES, Osiajee Texfab, Coforge, Chennai Petroleum Corporation, Can Fin Homes, Gujarat Mineral Development Corporation, Choice International, Gabriel India, Cigniti Technologies, Huhtamaki India, Goodyear India, Dynamic Cables, Associated Stone Industries (Kotah), Global Education, Baba Arts, Deccan Bearings, Bisil Plast, GK Consultants, Gagan Gases, Bridge Securities, Aditya Birla Real Estate, Amber Enterprises India Limited, and Amraworld Agrico will be releasing their Q2 earnings on October 22.


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