Pharma company Laurus Labs will launch its initial public offering (IPO) next week and it has fixed the price band at 426–428 per equity share. The IPO is scheduled to open on December 6 and close on December 8, the company said on Tuesday. The offer consists of fresh issue of equity shares aggregating up to ~300 crore and an offer for sale of 24,107,440 equity shares. The selling shareholders are Aptuit Asia Pvt Ltd, Bluewater Investment Ltd, FIL Capital Management and Fidelity India Principals.
We will provide more updates on the issue through the comments form and you can see update on latest IPOs in India here.
They sell their products under the brand Sleepwell, Feather Foam, and Lamiflex. The issue opens on Nov 29, 2016 and closes for subscription on Dec 01, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
We are of the opinion that this issue is worth going as Sleepwell is an established name and investors like to invest in consumer driven stocks. However, only spoil sport can be the demonetisation move of Rs 500 and Rs 1000 currency notes.
Trump’s 100-day plan also mentions reforming the US drug regulator, FDA. He talks about cutting the red tape to speed up approvals. This is good news for Indian pharma companies whose biggest market is the US. Plus, pharma companies were wary of Hillary Clinton, who had spoken against high drug prices. Many Democrats also proposed to set a cap on drug prices. This would have eaten into pharma company profits. With the Republicans in power, this issue is unlikely to crop up. This is one reason why shares of pharma companies rallied in an otherwise falling market on 9th November.
Also take time to check the Indian sector which is likely to suffer due to Trump being in office here.
So, now you should get a hint that wwhy Pharma sector has started running up now and take advantage of the same in the falling market by using our intraday idea which can help you make money easily.
The real culprit is President-elect Donald Trump’s anti-offshoring policy. Trump’s 100-day agenda talks about ending the Offshoring Act. He also talks about levying a 35% tax on companies that shift their production outside the US. This affects the Indian IT companies directly.
Visa rules could become tighter too, making it difficult for Indian IT companies to service their US clients. However, we foresee only a short-term effect. “Once he takes over the Oval office, the businessman in him shall surface as he is the not the only one calling shots as his advisors will guide him through the info overload and definitely good sense will prevail in him.
Trump, in the past, has spoken about maintaining a strong relationship with India to woo businessmen and students. Plus, he himself has business interests in India. This could mean a prospering relationship with India. Moreover, Trump indicated he wants to curtail trade with China and clamp down on Pakistan. This could help Indian businesses as well as its defense interests. Thus all is not lost for IT stocks with election of Trump as a USA President and do remember to check the likely Indian sector going to benefit with Trump in chair here.
Check how you can avoid being bulldozed by Trump policies and stick to intraday by using the hot stock of the day and start making money like professionals.
Modi said the notes of Rs 500 and Rs 1000 “will not be legal tender from midnight tonight i.e. 09 Nov 2016” and these will be “just worthless piece of paper.” However, he said that all notes in lower denomination of Rs 100, Rs 50, Rs 20, Rs 10, Rs 5, Rs 2 and Re 1 and all coins will continue to be valid. He also announced that new notes of Rs 2000 and Rs 500 will be introduced.
Now see the action which you need to undertake to make sure that your money does not become a piece of tissue paper. Have a look at below image which gives you the likely course of action. So do correct course of action before 30 Dec 2016.
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