SGX Nifty Down 46 Points, Tata Motors' Electric Bus Order, DreamFolks Services IPO, and Top Buzzing Stocks Today

Fri, 19 Aug Pre-Open

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On Thursday, Indian share markets ended on a flat note amid volatility. Benchmark indices recovered losses in the last hour of trade as banking stocks rallied.

At the closing bell on Thursday, the BSE Sensex stood higher by 38 points.

Meanwhile, the NSE Nifty closed higher by 12 points.

Kotak Mahindra Bank, L&T, and Tata Consumer were among the top gainers.

Dr Reddy, Wipro, and BPCL on the other hand, were among the top losers.

Broader markets ended on a positive note. The BSE Midcap index climbed up by 0.4% while the BSE Smallcap index ended higher by 0.3%.

For more information, check out these fast growing smallcap stocks with zero debt that have consistently reported increasing revenues and profits.

Sectoral indices ended on a mixed note with stocks in the realty sector and power sector witnessing maximum buying.

On the other hand, stocks in the IT and oil and gas sector witnessed selling interest.

Hindustan Zinc share price cooled off yesterday after rising earlier this week. This could be a good time to keep Hindustan Zinc in your watchlist as it may be a direct beneficiary of the zinc squeeze.

Shares of Eicher Motors, Solar Industries, and Adani Enterprises hit their 52-week high.

Adani group stocks continue to rise. Barring Adani Transmission, all stocks ended on a positive note yesterday.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

Gold prices for the latest contract on MCX were trading up by 0.4% at Rs 51,773 per 10 grams at the time of Indian market closing hours yesterday.

At 8:00 AM today, the SGX Nifty was trading down by 46 points or 0.3% lower at 17,960 levels.

Indian share markets are headed for a negative opening today following the trend on SGX Nifty.

Speaking of stock markets, chartist Brijesh Bhatia does a complete analysis of today's market and what to expect today, in the video below.

Top Buzzing Stocks Today

Tata Motors share price will be among the top buzzing stocks today.

Tata Motors has won an order of 921 electric buses from the Bengaluru Metropolitan Transport Corporation (BMTC).

The company will supply, operate and maintain 12-meter electric buses as part of the large tender announced by Convergence Energy Services (CESL). This will occur over a period of 12 years, as per the contract.

In the past month, Tata Motors has also received orders for 1,500 electric buses from the Delhi Transport Corporation and 1,180 electric buses from the West Bengal Transport Corporation.

It appears the top EV stock in India is leaving no stone unturned.

Hindustan Aeronautics (HAL) share price will also be in focus today.

HAL has signed an MoU for establishing an office in Kuala Lumpur (Malaysia).

The office in Malaysia will help HAL in tapping the new business opportunities for Fighter Lead-in Trainer (FLIT) LCA and other requirements of Royal Malaysian Air Force (RMAF) like Su-30 MKM and Hawk upgrades.

Market participants will also track share price of Bharti Airtel.

Shares of the telecom major have seen an uptrend in recent days after the company paid Rs 83.1 bn to the Department of Telecommunications (DoT), settling 5G spectrum dues ahead of schedule to free up cash for future investments.

Bharti Airtel this week said it paid the amount to DoT towards dues for spectrum acquired in the recently concluded 5G auctions.

Avenue Supermarts Eyeing Five-fold Growth

Billionaire Radhakishan Damani's discount supermarket chain Avenue Supermarts plans to boost its store count fivefold.

Avenue Supermarts, which currently runs the fourth-largest number of convenience stores in India, could scale up the DMart chain 1,500 supermarkets from 284 at present, the company's CEO Neville Noronha said in an interview.

The sky's the limit for any brick-and-mortar retailer in the country.

You have to focus on opening more and more stores as the organized grocery market in India was nowhere near saturation.

Noronha said rising inflation would be a boost for the discount chain.

The company opened its highest-ever 50 stores in the year through March.

To know more, check out Avenue Supermarts 2021-22 annual report analysis.

Foreign Investors Come Back Running

Foreign portfolio investors (FPIs) have invested Rs 224.5 bn in August 2022 so far in Indian markets amid falling crude oil prices and receding fears of inflation.

FIIs were big sellers till June 2022 but the scenario changed starting July 2022.

Since 1 July so far, FIIs have invested close to US$3.5 bn, the highest among emerging markets excluding China, according to Bloomberg.

Between October 2021 and June 2022, FIIs pulled out Rs 2.6 tn from Indian markets as high inflation and rising interest rates in developed nations prompted global investors to prune exposure to commodity-consuming nations.

New IPO Next Week

India's largest aggregator of airport lounge services Dreamfolks Services' initial public offering (IPO) is expected to open for subscription next week on 24 August. The IPO will close on 26 August.

The anchor portion for the IPO will open for bidders a day prior on 23 August.

Dreamfolks Services is India's largest airport service aggregator platform, powering an enhanced airport experience via technology.

Dreamfolks has also bagged contracts from Indian Railways to offer similar services at stations.

The company was looking at an IPO size of Rs 10-12 bn but now has cut its offer for sale (OFS) to 17.2 m shares from 21.8 m shares, planned earlier.

Through the IPO, the promoters will be looking to sell shares. The public issue consists of up to 65 lakh shares each of Mukesh Yadav and Dinesh Nagpal and up to 40 lakh shares owned by Liberatha Peter Kallat.

Note that market volatility is easing, and companies are back with their preliminary papers and have filed for their IPOs.

Syrma SGS Tech IPO closed yesterday, and it received a decent subscription as retail investors took charge.

If you wish to invest in any of the upcoming IPOs, be very clear about your strategy and expectations.

In a bull market, you can invest with the expectation of a listing gain and exit on the listing day. Of course, this strategy is quite risky as even in a bullish market, not all IPOs give a listing return.

The other more traditional strategy is to come in for the long term after studying the company, management, governance, financial, comparison with listed peers etc.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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