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Street signs: Aster DM trades at 35% premium, CIL bucks the trend, and more

The turbulence in the market notwithstanding, shares of Aster DM Healthcare are commanding a 35 per cent premium in the grey market

Pavan Burugula Samie Modak Joydeep Ghosh 

Dalal Street

DM trades at 35% premium The turbulence in the market notwithstanding, shares of DM Healthcare are commanding a 35 per cent premium in the grey market. The company’s Rs 9.8-billion IPO opens on Monday. The price band for the IPO is Rs 180 to Rs 190. “DM has low debt and good track record. Also, the government’s thrust on the will benefit the company,” said a broker. Shares of another Shalby, which listed in December, are currently trading at a five per cent discount to their IPO price. bucks the trend Shares of have gone up in a falling market on hopes of hefty dividend by the Last week, the company’s shares rose two per cent even as the benchmark Sensex fell three per cent.

Typically, the cash-rich company pays a hefty dividend in the March quarter to help the government, which holds 78.6 per cent stake, with its finances. Last March, it had paid a dividend of Rs 20 per share. In the previous two years, it had paid Rs 27.4 and Rs 20.7 per share. MFs build position in Dilip Buildcon Fund managers seem to be liking the Dilip Buildcon counter after it bagged a road project worth Rs 15.2 billion in Odisha from the The company has incorporated a special purpose vehicle to undertake this project. Some mutual funds (MFs) have been acquiring this stock in the past few weeks, say industry players. In a week, when stock collapsed globally, this stock has risen 6.5 per cent – from Rs 876 to Rs 933. In the past one year, the stock is up a whopping 240 per cent – from Rs 273 to Rs 933.

First Published: Mon, February 12 2018. 05:51 IST
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