Stocks to watch: 3I Infotech, Aptus Housing, Chemplast Sanmar, Maruti Suzuki, Eicher Motors, Indian Hotels

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Shares of infrastructure companies will be in focus as finance minister Nirmala Sitharaman announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways. There will be some reaction in coal industry stocks as the government identified 160 coal mining assets worth an estimated at Rs 28,747 crore for monetisation over four years till FY25. Besides, Chemplast Sanmar and Aptus Value Housing Finance India will make their stock market debut on bourses on August 24. Chemplast Sanmar will re-list on the stock market after being delisted from the exchanges nearly a decade ago. The Rs 3,850-crore IPO of Chemplast Sanmar was subscribed 2.17 times. While Aptus Value Housing Finance was subscribed 17.20 times. Here is the list of top stocks that could be in focus on August 24.

Aptus Value Housing: Shares of Aptus Value Housing Finance will debut on the bourses today, 24 August 2021. The initial public offer of Aptus Value Housing Finance received bids for 94.82 crore shares as against 5.51 crore shares, according to stock exchange data. The issue was subscribed 17.20 times. The issue opened for bidding on Tuesday (10 August 2021) and closed on Thursday (12 August 2021). The price band of the IPO was fixed at Rs 346-353 per share.

Chemplast Sanmar: Shares of Chemplast Sanmar will debut on the bourses today, 24 August 2021. The initial public offer of Chemplast Sanmar received bids for 8.66 crore shares as against 3.99 crore shares on offer, according to stock exchange data. The issue was subscribed 2.17 times. The issue opened for bidding on Tuesday (10 August 2021) and closed on Thursday (12 August 2021). The price band of the IPO was fixed at Rs 530-541 per share.

Maruti Suzuki: Maruti Suzuki India said that the CCI has passed an order on 23rd August, 2021 for the alleged contravention of Section 3 of the Competition Act, 2002 against the company in relation to implementing discount control policy vis-a-vis its dealers and has imposed a penalty for an amount of Rs 200 crores on the company. The company will take necessary steps under the law after examining the order fully.

Eicher Motors: Eicher Motors said that the board of directors of the company has re-appointed Siddhartha Lal as Managing Director of the Company with effect from May 1, 2021 for a term of 5 years.

JSW Steel: JSW Steel said that ICRA has vide their release dated August 23, 2021 upgraded the company’s rating for Long Term Bank Facilities and Non-Convertible Debentures to “[ICRA] AA”; Stable Outlook, from “[ICRA] AA- “; Positive Outlook and has reaffirmed the ratings for the Short Term Bank facilities and Commercial Paper at “[ICRA] A1+”.

Indian Hotels: Indian Hotels Company said that the board of directors of the company has considered and approved, issue of equity shares by way of a rights issue to the existing shareholders of the company on a record date for an amount not exceeding Rs. 3,000 crore.

3I Infotech: NSE in a circular said that 3I Infotech will be suspended from trading with effect from August 30 due to capital reduction.

KPI Global Infrastructure: The company has successfully commissioned new capacity of 5.44 MW (DC) in existing solar power plant at Bharuch. The additional capacity of 5.44 MW (DC) was commissioned with effective from June 30, 2021 under Independent Power Producer (‘IPP’) category for Polycab India against their Power Purchase Agreement (PPA) capacity for which company has also received Commissioning Certificate dated August 17, 2021 from Gujarat Energy Development Agency (GEDA).

Bharti Airtel: The telecom firm has added 38,12,530 customers in June 2021. Following this, the company’s total customer base has increased to 35.21 crore with market share of 29.82% in terms of wireless subscribers as on June 30, 2021.

Steel Strips Wheels (SSWL): The company has signed an MOU for close to $105 million from Western Hemisphere which would cover supply of Steel and Aluminum wheels for a minimum period of 3 years. Supplies of Steel Wheels will begin from Chennai and Dappar Plant by September 2021 and Supplies from Mehsana plant for the Aluminum Wheels will begin by end of December 2021. This shows strong confidence of the customers in SSWL to develop long term strategic partnerships.

RIL: Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has added 54,66,556 customers in June 2021. Following this, the company’s total customer base has increased to 43.67 crore with market share of 36.98% in terms of wireless subscribers as on June 30, 2021.

NMDC: The company is aiming at commissioning its steel plant in Chhattisgarh by early Q4 (January-March 2022) and the company has started the filing process with stock exchanges and SEBI for its demerger. The capex outlay for the company in 2021-22 is around Rs 3,750 crore and of which Rs 2150 crore will be for the steel project.

Bandhan Bank: The lender will invest in improving digital capabilities as a part of Vision 2025. The bank will also leverage machine learning and artificial intelligence. With a present business size of Rs 1.50 lakh crore, the vision envisaged by the bank is having a well-diversified asset portfolio, optimum mix of secured and unsecured assets and geographically diversified.

HDFC Bank: The private sector bank aims to regain the two per cent market share in the credit card market it ceded to rivals during a recent ban, within a year by aggressively tapping into its existing depositor base. The bank will also focus on forging new partnerships to sell more cards and will not deviate from its conservative approach on taking credit risks as it goes aggressive in the market.