Shareholders of Faze Three, Aurobindo Pharma, INEOS Styrolution India, Pearl Global Industries, India Motor Parts and Accessories, Kansai Nerolac Paints, Welspun Corp, Craftsman Automation, Elecon Engineering Company, Asian Paints and Shree Digvijay Cement Company should keep an eye next week as the…

Dividend stocks to watch: These 11 stocks shall turn ex-dividend next week

INEOS Styrolution India to restart Nandesari plant operations

The OFS announcement caught the market by surprise as the promoter holding in the company is at 75 per cent and no further divestment is required

Ineos Styrolution stock hits 20% lower circuit following OFS launch

Ineos Stryrolution’s promoter is looking to pare 24% stake at a discount of 25% compared to yesterday’s closing price. The promoter is looking to sell 42.2 lakh shares, and the floor price set is at Rs 800. The offer for sale opens today for non-retail investors, while for retail it will open on April 20. Promoter holding currently stands at 75%.
Nearly two years back, the promoter wanted to delist the company. It had offered a price of Rs 480 to buy back the shares from public shareholders. However, the discovery price came in at Rs 1,100 and the same was rejected by the promoter.
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Ineos Styrolution Promoter Looking To Sell Shares At 25% Discount

The promoter today launched an offer for sale to offload up to a 14.4 per cent stake in the company and fixed offer price at Rs 800 per share.

INEOS Styrolution dips 16%, hits 52-wk low as promoter lowers stake via OFS

INEOS Styrolution APAC Pte Ltd, which plans to sell a 14.4 percent stake, has kept the option open to sell another 9.6 percent stake through an OFS on April 19 and 20

INEOS Styrolution tumbles 14% to 52-week low on promoter proposal to sell stake

The company also kept an option open to additionally sell a 9.6% stake through OFS.

INEOS Styrolution nosedives to 52-week low as promoters propose to sell stake

Ineos Styrolution in an exchange filing on Friday announced that its plant located at Nandesari in the state of Gujarat caught fire in one of its sections.

Ineos Styrolution shuts Nandesari plant due to fire incident

INEOS Styrolution India standalone net profit rises 151.20% in the September 2021 quarter

Khandwala Securities Ltd, Ansal Properties & Infrastructure Ltd, Manaksia Aluminium Company Ltd and Mukta Arts Ltd are among the other losers in the BSE’s ‘B’ group today, 22 October 2021.

INEOS Styrolution India Ltd leads losers in ‘B’ group

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Top stocks in focus: Tata Communications, L&T Finance, Varroc Engineering, INEOS Styrolution

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Styrenix Performance Materials Limited, formerly INEOS Styrolution India Limited, is an India-based company that is engaged in manufacturing, trading and sale of engineering thermoplastics. The Company's segments include Specialties and Polystyrene.