Macrotech Developers IPO, Bharti Airtel's 5G-Ready IoT Platform, and Buzzing Stocks Today

Fri, 9 Apr Pre-Open

   Previous Close   

   SGX Nifty   

   09:30 am   

   12:30 pm   

   Closing   

Indian share markets ended marginally higher yesterday.

At the closing bell yesterday, the BSE Sensex stood higher by 84 points (up 0.2%).

Meanwhile, the NSE Nifty closed higher by 56 points (up 0.4%).

JSW Steel and Tata Steel were among the top gainers.

IndusInd Bank, on the other hand, was among the top losers.

The BSE Mid Cap index and the BSE Small Cap index ended up by 0.6% and 0.7%, respectively.

On the sectoral front, gains were largely seen in the metal sector.

Shares of Dr Lal Pathlabs and Tata Steel hit their respective 52-week highs.

Gold prices for the latest contract on MCX were trading up by 0.5% today at Rs 46,578 per 10 grams at the time of closing stock market hours yesterday.

Speaking of the precious metals, India's #1 trader, Vijay Bhambwani, talks about how the Indian consumer has started to take the international price of gold and silver higher, in his latest video for Fast Profits Daily.

Tune in here to find out more:

Top Stocks in Focus Today

Among the buzzing stocks today will be Ashok Leyland.

Ashok Leyland through its subsidiary Switch Mobility, the U.K. based producer of electric buses and electric vans announced its global expansion plans into India and its plan to create two subsidiary companies.

The first, Switch Mobility Automotive, will be formed to carry on the electric vehicle (EV) strategy in India, while the second, OHM Global Mobility Private, will focus on providing mobility as a service offering.

Switch Mobility Automotive brings together Ashok Leyland's capabilities both from Optare UK and Ashok Leyland's EV Division. OHM Global Mobility Private is a solutions company being piloted in India with plans to roll out mobility as a service (eMaaS) globally.

Shares of restaurant chain Barbeque Nation Hospitality will also be in focus today. The stock of the company was locked at the upper end of the 20% intra-day circuit filter for the second day in a row yesterday.

The public issue was subscribed 6 times, which was lower as compared to the subscription received by some other recent IPOs.

The company owns and operates Barbeque Nation Restaurants, Toscano Restaurants and You and Barbeque (UBQ) by Barbeque Nation. Barbeque Nation is one of India's fastest-growing and widely recognized restaurant brands in the rapidly growing casual dining restaurant (CDR) market

Macrotech Developers IPO Sees 33% Subscription on Day 2

In news from the IPO space...

The initial public offering (IPO) of Macrotech Developers, one of the largest real estate company in India, was subscribed 33% on April 8 - the second day of bidding.

The portion set aside for retail investors has been subscribed 24% and that of employees 8%. The company has reserved Rs 300 million worth of shares for its employees.

Qualified institutional buyers have bid for 65% of their reserved portion and non-institutional investors 12%.

The issue will close on April 9.

The price band is set at Rs 483-486 per share.

From the IPO proceeds, the company mainly proposes to reduce debt by up to Rs 15 billion and acquire land or land developmental rights aggregating up to Rs 3.8 billion.

Note that this is the third attempt by Lodha Developers to launch a public issue and list its shares on the stock exchanges. In 2009 and 2018, the company had filed IPO documents and also got market regulator's approval but did not hit the capital market as market conditions were not conducive.

Macrotech Developers' revenue from operations stood at Rs 95.8 billion in the 2019-20 fiscal. In the first nine months of the last fiscal (9MFY21), revenue stood at Rs 29.2 billion.

The company posted a profit of Rs 12.1 billion in 2019-20 but has suffered a loss of Rs 2.6 billion in the April-December period of FY21 due to the pandemic.

Stay tuned to get all the updates on Macrotech Developers IPO.

Bharti Airtel Launches 5G-Ready IoT Platform

Bharti Airtel has launched its 5G-ready Internet of Things (IoT) platform with the capability to connect and manage billions of devices and applications as the company further looks to build its enterprise business in the country.

The Sunil Mittal-led telco is targeting automobiles, manufacturing, BFSI utility and industry 4.0 verticals to drive growth for its IoT platform and the IoT business as a whole.

The company's new platform will support the 5G network in future and it already supports 2G and 4G along with narrowband-IoT networks.

India's cellular connectivity based IoT market is forecasted to grow to Rs 100 billion by 2022, driven by connected cars and appliances, Smart factories and utilities, and other use cases.

The telecom company has built this platform in house. Chitkara said that the telco has a complete digital ecosystem which has been built internally over the last few years.

The company is aiming to create a complete ecosystem through collaboration with startups and other ecosystem players.

How this development pans out remains to be seen. Meanwhile, we will keep you updated on all the news from this space.

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