Of Monetary Policy, IPO Analysis of Shalby Ltd and Top Stocks in Action Today

Tue, 5 Dec Pre-Open | Karan Janani, TM Team

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Monetary Policy to Keep the Markets Volatile in the Next Few Days

After shedding off 770 points on concerns over fiscal deficit in the previous week, there was some marginal relief as the S&P BSE Sensex ended yesterday's trade in the positive territory.

Monetary policy scheduled to be held tomorrow will keep investors on their toes. The widespread expectation is that the Reserve Bank of India (RBI) would keep the interest rates unchanged.

The reasons being - One, the retail inflation has inched upwards. Retail inflation quickened to 3.58% in October from 3.28% in September. Second, a sharp rise in the commodity prices especially that of crude oil. From the lows of 30 dollars in 2016, the crude prices have now risen to above 64 dollars. Last but not the least, the growing concerns over fiscal deficit. Since the government has already spend 96% of the budgeted fiscal deficit, any spurt in the government expenditure could possibly breach the 3.2% fiscal deficit budgeted for the year. All these factors lead to the belief that the RBI would keep the interest rates unchanged.

Biocon Surges 15% Post USFDA Approval for Biosimilar of Cancer Drug

Biocon surged by 15% in yesterday's trade after USFDA gave an approval for its breast cancer drug. This drug has been developed in partnership with Mylan. The patented version of this drug named Herceptin clocked a turnover of US$ 2.5 billion in the US in the preceding year. The launch is expected to be in 2019 and the returns from this product could be substantial, considering that the competition is limited.

Infosys Surges on Appointment of Mr Salil Parekh as CEO

The shareholders of Infosys gave a big thumps-up on appointment of Mr Salil Parekh as the CEO, as the stock surged by 2.8% in yesterday's trade. The tussle between Mr Murthy and Mr Sikka had led to Sikka resigning from the post of CEO.

Mr Salil holds a Masters degree in Computer Science and Mechanical Engineering from Cornell University, and a Bachelors degree in Aeronautical Engineering from IIT, Bombay. Reportedly, people who know him describe him as a turnaround manager with expertise in mergers and acquisitions.

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Should one subscribe to the IPO of Shalby Ltd?

Shalby Limited is one of the leading multi-specialty chain of hospitals in India. The company currently provides inpatient and outpatient healthcare services through 11 operational hospitals with an aggregate bed capacity of 2,012 beds.

As on 30 June 2017, the company had nine operational hospitals with an aggregate operational bed count of 841 beds. It had a 15% market share of all joint replacement surgeries conducted by private corporate hospitals in India in 2016.

Click here (subscription required) to get our detailed analysis and view on this IPO.

Top Stocks in Action Today

The stocks of Byke Hospitality, Dish TV India, Lux Industries, Alphageo is expected to be in the news today as they declare their results for the quarter ended September 2017.

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