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- Indian Stock Market News January 3, 2018
Indian Indices Trade Marginally Higher; Metal Sector Up 1.6% Wed, 3 Jan 11:30 am
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the metal sector and consumer durables sector witnessing maximum buying interest.
The BSE Sensex is trading up 108 points (up 0.3%) and the NSE Nifty is trading up 39 points (up 0.4%). The BSE Mid Cap index is trading up by 0.7%, while the BSE Small Cap index is trading up by 1.1%. The rupee is trading at 63.46 to the US dollar.
In the news from the IPO space, Apollo Micro Systems is going to launch its IPO next week. The offer will be open from 10th January till 12th January and the company intends to raise Rs 1.5 billion from its public offering.
The price band of the IPO is finalised at Rs 270 to Rs 275 per share.
Apollo Micro Systems Ltd is Hyderabad based company engaged in the business of electronic, electro-mechanical, engineering designs, manufacturing and supply. The company designs, develops and sells high-performance, mission and time critical solutions to Defense, Space and Home Land Security for Ministry of Defense, government controlled public sector undertakings and private sectors.
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The company offers custom built COTS (commercially off-the shelf) solutions based on specific requirements to defense and space customers.
We are tracking this IPO and will shortly release our analysis on the company. Stay tuned.
Speaking of IPOs, the demand for IPO's has reached sky-high levels. Avenue Supermarts was seen as the first company last year to cross the 100-time subscription mark swiftly followed by CDSL and Dixon technologies, among others.
IPO Subscription Times (2017)
This euphoria is something similar to what was seen in 2007-08. When everyone around you is clamoring to get a piece of the IPO pie, it makes sitting tight difficult. And, why should you sit tight when stocks like Avenue Supermart lets you pocket a cool 100% gain from day 1 of the listing?
History suggests that these cases are few and far between. More than 70% of the IPOs listed in 2007 and 2008 are in the red, even today when the Sensex is at an all-time high.
A merit-based selection primarily including valuation, business, and management quality is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often than not.
To know more, download this FREE report now and discover How to Get Rich with IPOs. This guide will show you how to safely profit from the ongoing IPO rush.
In other news, as per a report published by Assocham, 2017 was the year of mergers and acquisitions (M&A).
M&A transactions in India soared 70% to 944 during the year. At US$ 46.5 billion, the transactions were valued 170% higher as compared to 2016.
Sectors such as healthcare, telecom, energy, real estate, media & entertainment, banking, insurance, cement, and consumer products remained in the M&A activity spotlight.
As per the report, the above activity in the M&A is going to continue in 2018 with a number of stressed corporate assets, particularly in real estate and steel, being referred to the National Company Law Tribunal under the Insolvency and Bankruptcy Code.
With several of these assets on offer at mouth-watering valuations, the industry body has projected M&A worth US US$50 billion in 2018.
It would be interesting to track the developments in this space.
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Read the latest Market Commentary
Indian Share Market Update: Top Gainers and Losers
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