CSB Bank IPO, Loan Disbursements at PSBs, and Top Cues in Focus Today

Mon, 25 Nov Pre-Open

   Previous Close   

   09:30 am   

   12:30 pm   

   01:30 pm   

   Closing   

India share markets witnessed selling pressure during on Friday and ended their day on a negative note.

At the closing bell on Friday, the BSE Sensex stood lower by 215 points (down 0.5%) and the NSE Nifty stood down by 54 points (down 0.5%).

The BSE Mid Cap index ended down 0.1%, while the BSE Small Cap index stood flat.

Sectoral indices ended on a mixed note. Stocks in the telecom sector and IT sector witnessed huge selling pressure, while metal stocks were trading in the green.

Amid the mood swings of Mr. Market witnessed these days, Tanushree Banerjee in the video below talks about the Rebirth of India phenomenon and how 3 specific trends are racing ahead even in these gloomy times.

Tune in to find out more...

Top Stocks in Focus Today

From the finance space, DHFL share price will be in focus today as the Reserve Bank of India (RBI) constituted a three-member advisory committee to help the administrator of Dewan Housing Finance Corporation Ltd (DHFL) discharge his duties.

The advisory committee comprises Rajiv Lall, non-executive chairman, IDFC First Bank Ltd, NS Kannan, managing director and CEO, ICICI Prudential Life Insurance Co. Ltd, and NS Venkatesh, chief executive, Association of Mutual Funds in India.

From the engineering sector, RITES share price will also be in focus today as the government said it is going to sell 2.5 crore shares in the company.

The President of India, acting through and represented by the Ministry of Railways, Government of India, a promoter of RITES, proposed to sell up to 2,50,00,000 equity shares.

This represents 10% of the total issued and paid-up equity share capital of the company.

The government said it will sell these shares on November 22 for non-retail investors only and on November 25 for retail investors and for non-retail investors.

From the pharma sector, market participants will be tracking Cadila Healthcare share price as Zydus Cadila has received the final approval from the US Food and Drug Administration (USFDA) to market Isosorbide Dinitrate Tablets USP in the strengths of 5 mg, 10 mg, 20 mg, 30 mg and 40 mg.

The drug is used to prevent attacks of chest pain (angina). It widens blood vessels, making it easier for blood to flow through them and easier for the heart to pump.

Meanwhile, the group also received the final approval for Desonide Cream, 0.05%.

To know more about the company, you can access to Cadila Healthcare's Q2FY20 result analysis and Cadila Healthcare's 2017-18 Annual Report Analysis on our website.

PSBs Disburse Rs 2.5 Trillion Loans in October

As per the data released by finance ministry, state-owned banks disbursed around Rs 2.5 trillion worth of loans in October through loan melas, camps and other outreach initiatives.

This follows an announcement by Finance Minister Nirmala Sitharaman in September that banks would conduct such customer outreach initiatives as the government looks for various ways to boost liquidity and investment, while facing the worst slowdown in more than half a decade, in real terms.

However, as the information provided by the ministry showed, almost half of the loans disbursed were to corporate entities at around Rs 1.2 trillion and only Rs 372.1 billion worth of loans went to micro, small and medium enterprises.

Agriculture loans fared a little better at Rs 405 billion, while home loans were at Rs 121.7 billion.

For October, non-banking financial companies (NBFCs) received credit support of Rs 196.3 billion from banks. This included credit under co-originated credit, pooled buyouts of NBFC assets by banks and partial credit guarantee schemes.

Note that, real gross domestic product (GDP) growth rate for the April-June quarter was 5%, the lowest since 2013. The nominal GDP growth rate came in at 8%, the lowest since the third quarter of 2002-03.

CSB Bank IPO

In the news from the IPO space, CSB Bank's IPO hit the markets on Friday.

As per the news, the bank, in consultation with Axis Capital Ltd. and llFL Securities Ltd., finalized allocation of 94,54,080 equity shares in aggregate, to anchor investors at a price of Rs 195 per equity share (including share premium of Rs 185 per equity share).

The IPO of Kerala-based private sector lender is available at a price band of Rs 193-195 apiece.

The bids for the offer can be applied for a minimum of 75 shares and its multiples.

CSB Bank is one of the oldest private lenders in India, having a strong presence in Kerala, Tamil Nadu, Maharashtra and Karnataka.

For the six months ended September 30, the bank reported a revenue of Rs 8.17 billion. Its profit, for the first half of FY20, stood at Rs 443 million, reversing the loss of Rs 657 million reported in FY19.

In terms of asset quality, the bank's gross non-performing assets (NPA) were 2.86% of its total advances, declining from 4.87% as of March 31.

Its total NPA provisioning and write-offs stood at Rs 2.7 billion for the six month period ended September 30, against Rs 11.3 billion provisioning and write offs between FY17-19.

How this IPO sails through remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

Speaking of IPOs, the year 2019 hasn't seen much activity in the IPO market. Since the start of the year, there have been just 13 IPOs on the BSE main board.

However, it is interesting to note that despite the tepid stock market conditions, most of the companies gave positive listing day gains.

In fact, if you had invested in each one of them and held them till now, your gains would have been even better.

The best IPOs of 2019 have delivered fantastic returns. In fact, 10 of the 13 companies have delivered positive returns.

So, unlike bull markets wherein selling shareholders do their best to squeeze the highest price, bear markets often offer fantastic opportunities to spot great companies and get onboard early on.

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!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers