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Shares of Uniply Industries will remain in focus, as the open offer from Keshav Kantamneni begins on Thursday. The offer is for 4.5 lakh shares, representing 26 per cent of the total paid-up capital of the timber merchant company. The offer, which closes on April 29, has been priced at ₹13.50 a share. Currently, retail investors, including high net worth individuals, hold 31.47 per cent stake in Uniply.
Eyes on TCS, MindTree, IndusInd Bank results
Thursday will witness Nifty stocks TCS and IndusInd Bank declaring their results for the quarter and full year ended March 2015. Besides, MindTree, Gruh Finance and Jay Bharat Maruti will also announce their results. Net profit at TCS is seen down marginally on sequential basis. However, analysts expect IndusInd Bank to post robust growth in profits on strong credit growth and superior fee income gains.
Stock-split and bonus shares on Thursday
The board of Finoetex Chemical will meet on Thursday to consider a stock split. Analysts will eye the entitlement ratio and price. Also, shares of Pitti Laminations will turn ex-split and Insecticides (I) ex-bonus. Insecticides (I) is rewarding its shareholders with 1:2 bonus. Pitti Laminations will sub-divide the face value of its shares from ₹10 to ₹5. Those buying the shares on Thursday will not get these benefits.
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