Shares of fragrance maker S H Kelkar and Company will get listed on the stock exchanges, BSE and NSE, on Monday. (Express Photo)

Shares of fragrance maker S H Kelkar and Company will get listed on the stock exchanges, BSE and NSE, on Monday.

The company’s Rs 500-crore initial public issue (IPO) which closed last month had received an overwhelming response from investors and was over-subscribed 27.08 times.

“Trading Members of the exchange are informed that effective from Monday, the equity shares of S H Kelkar and Company Limited shall be listed and admitted to dealings in the list of ‘B’ group of securities,” BSE said in a notice today.

This was the fourth IPO this year, after VRL Logistics, Power Mech Projects and Syngene International, to receive such a strong response in terms of subscription.

The price band for the IPO was fixed at Rs 173-180 per share. The company had fixed the issue price at Rs 180 per share, the upper end of the price band.

Meanwhile, shares of IndiGo’s parent company InterGlobe Aviation made a remarkable debut on the bourses earlier this week, surging nearly 15 per cent, over the issue price of Rs 765 per share.

In contrast, Coffee Day Enterprises, which runs Cafe Coffee Day outlets, made a sluggish debut on the exchanges earlier this month. The company is currently trading at Rs 265.40, way below its issue price of Rs 328.

In the past six trading sessions, the benchmark index BSE Sensex plunged 723.64 points at 2.72 per cent at 25,866.95 till November 11. (Photo: PTI)

In the past six trading sessions, the benchmark index BSE Sensex plunged 723.64 points at 2.72 per cent at 25,866.95 till November 11. With the fall in the benchmark index, Relative Strength Index, or RSI of around 15 per cent of stocks in the BSE 500 index fell below 30, indicating the stock is in oversold region.

Some of the stocks like GAIL India, Dr Reddy’s Laboratories, Adani Ports & SEZ, Cairn India, CESC, Sun Pharma, HDFC, Wipro, Eicher Motors and Idea Cellular are few of them which are trading with an RSI of below 30.

RSI, is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements. Momentum is the rate of the rise or fall in price. The indicator has an upper line, typically at 70, a lower line at 30, and a dashed mid-line at 50. When price moves up very rapidly, at some point it is considered overbought (When the RSI crosses 70). Likewise, when price falls very rapidly, at some point it is considered oversold (When the RSI fell below 30) the level of the RSI is a measure of the stock’s recent trading strength.

Here is a complete list of stocks in the BSE 500 which are in oversold regions:

Essar Ports’ promoters have set the delisting price at Rs 133 per equity share. (Photo: Reuters)

Essar Ports on Friday informed BSE regarding proposed voluntarily delisting of the equity shares of the company pursuant to the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, as amended. The company has submitted an update received from the promoter in relation to the proposed delisting of the equity shares of the company.

In a BSE filing, the company said, “The discovered pursuant to tendering in the reverse book building process in terms of the Delisting Regulations is Rs 133 per equity share (“Exit Price”). The promoter has accepted the Exit Price as the final price for the Delisting Offer.

The share price of Essar ports was trading 0.71 per cent up at Rs 128.55 in the early trade at 9.46 am. Sensex was down 0.83 per cent at 25,651.60. The scrip opened at Rs 130.60 and had touched a high and low of Rs 130.60 and Rs 128.25, respectively, in trade so far.

The promoters holding in the company stood at 74.97 per cent while institutions and non-institutions held 11.79 per cent and 13.24 per cent, respectively.

In the past one year, shares of Essar Ports jumped 27 per cent to Rs 127.65 on November 11, while the key benchmark index BSE Sensex dipped 7.35 per cent during the same period.

Jet Airways has said it would deploy a bigger aircraft, a wide-body Airbus A330, on Delhi-Singapore route, offering 50 per cent more seat capacity on the route, from 25th of this month. (Photo: Reuters)

Shares of Jet Airways jumped as much as 1.4 per cent in the early trade on Friday after the airline major on Thursday informed BSE that it will upgrade its daily flights between Delhi and Singapore to an Airbus A330, from 25th of this month. This will enable guests on this high demand sector to experience enhanced cabin comfort on board the wide-body aircraft, while offering convenient connections for those travelling from India to Australia and the ASEAN region over Singapore on code-share and interline partner airlines.

At 9.32 am, Jet Airways share price was up 0.80 per cent at Rs 432.10. The scrip opened at Rs 425 and had touched a high and low of Rs 437.40 and Rs 425, respectively, in trade so far. Sensex was down 0.96 per cent at 25,619.79.

In a BSE filing, the company said, “The upgraded service will offer 50 per cent more seat capacity than the Boeing 737 currently operating on this route.”

The A330 offers guests Jet Airways’ award winning inflight experience with enhanced cabin comfort and a customised two-cabin seating configuration of 18 seats in Premiere and 236 in Economy.

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high of Rs 543.50 on 02-Feb-2015 and a 52 week low of Rs 240.75 on 25-Nov-2014.

Last one week high and low of the scrip stood at Rs 455 and Rs. 390 respectively. The current market capitalisation of the company is Rs 4,921 crore.

The promoters holding in the company stood at 51 per cent while institutions and non-institutions held 14.09 per cent and 34.91 per cent, respectively.

Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.

The BSE Sensex and NSE Nifty opened in red on Friday tracking weak global markets. (Photo: PTI)

10.19 am: A weak trend in other Asian markets in line with heavy losses in Europe and the US after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut also weighed on the sentiment here. Out of 1,979 stocks traded on the BSE, 1,238 have declined and 633 advanced so far.

10.07 am: Sensex was down 238 points at 25,628. Brokers said market mood took a hit after a government data showed that industrial production fell to a four-month low of 3.6 per cent in September due to subdued performance by manufacturing and non-durable consumer goods segments. Adding to the gloom was inflation, which rose for a third straight month and touched 5 per cent in October.

9.56 am: The rupee appreciated by 11 paise to 66.20 against the US dollar in early trade on Friday on increased selling of the American currency by exporters.

9.30 am: Jet Airways shares gained over 1 per cent in the early trade on Friday after the company on Thursday informed BSE that it will upgrade its daily flights between Delhi and Singapore to an Airbus A330, from 25th of this month.

9.19 am: Sensex was down 227.50 points at 25639.45. Meanwhile, BSE received an update from the promoters of Essar Ports in relation to the proposed delisting of the equity shares of the company. The discovered price pursuant to tendering in the reverse book builiding process in terms of Delisting regulations is Rs 133 per equity share (Exit price). Shares of Essar Ports were trading 1.33 per cent up at Rs 129.35 in the early trade on Friday.

9.15 am: The BSE Sensex and NSE Nifty opened in red on Friday tracking weak global markets. Sensex opened 142.86 points down at 25,724.09. Nifty opened 62.55 points down at 7,762.45.

Asian shares looked vulnerable on Friday after commodity prices plunged to multi-year lows on worries that softer global growth may exacerbate the supply glut, while US Federal Reserve officials kept beating the drum for a rate hike next month.

Wall Street also suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

Back home, metal and oil & gas stocks are likely to be under pressure on Friday due to fall in global commodity prices.

Companies such as Kaveri Seed, BGR Energy, Shipping Corporation, Wockhardt, CESC, Hindustan Dorr-Oliver, GMR Infra, EID Parry, IVRCL, J&K Bank, Jindal Saw, Mcnally Bharat Eng, MMTC and Nectar Lifescience may announce their results on Friday.

The first trading session of Samvat year 2072 ended on a positive note on Wednesday with the benchmark BSE Sensex rising 124 points and the NSE Nifty regaining the 7,800-mark, snapping a five-day long losing streak.

In special Muhurat one-hour trading session, the Sensex recovered by 123.69 points, or 0.48 per cent, to close at 25,866.95. Intra-day, the gauge hit session’s high of 25,944.93 and a low of 25,853.42. The gauge had lost 847.33 points in the past five sessions.

On similar lines, the broad-based National Stock Exchange index Nifty regained the psychological 7,800-mark by rising 41.65 points, or 0.54 per cent, to end at 7,825 after touching the session’s high of 7,847.95 and a low of 7,819.10.

(With inputs from agencies)