Top stocks in focus today: Tata Motors, Bank of Baroda, Bombay Dyeing, Emami
These companies will be in focus during trade today based on recent and latest news developments.
Tata Motors Ltd (TML) reported weak set of numbers for Q3FY18. While standalone numbers were strong on the back of a strong CV performance, JLR performance was lower than expectations. Consolidated revenues for the company were 16% higher yoy at Rs74,156cr, in-line with consensus estimates.
MOIL board has approved buyback of 8.8 mn shares at Rs240 rupees a share for a total consideration of up to Rs2.1 bn.
Andhra Bank board of directors will meet on Thursday to consider the proposal for raising equity capital by way of preferential allotment of shares to the government.
Bank of Baroda will cut its marginal cost of funds based lending rates by 10-25 basis points on some tenures, effective from Wednesday, according to a filing with the stock exchanges.
Bombay Dyeing & Manufacturing says Societe Generale bought 1.27 mn shares or 0.6% stake in the company at Rs215.98 per share in a bulk deal on the NSE.
The Vadodara facility of Brooks Laboratories has received the good manufacturing certificate from the European Union.
Dilip Buildcon has received an order for four-laning of Kalmath-Zarap section of National Highway-66 in Maharashtra.
Dish TV and Videocon d2h are set to formalise a merger to create India’s largest direct-to-home company valued at around $2.4 bn.
Emami board has approved acquisition of 26% stake in Brillare Science in cash.
Greaves Cotton board has recommended paying an interim dividend of Rs4 per share.
HEG board will meet on Thursday to consider a proposal to buy back shares of the company.
Hotel Leela Venture stock in focus today. The Supreme Court has dismissed an appeal by the company and accordingly asked them to pay 2.58 bln rupees to the Airport Authority of India regarding land leased by the airport operator near the Mumbai airport, as per media reports.
IFCI board has approved equity infusion by the government through preferential issue.
Jaypee Infratech stock in focus as the Supreme Court has refused to stop bidding of the assets of the company, which is going through insolvency process, and also allowed the interim resolution professional to carry on the process.
LA Opala RG board has approved the issue of one bonus share for every share held.
Maruti Suzuki India total vehicle production rose 3.2% to 158,393 units in January from 153,544 units a year ago.
Emami to acquire 26% stake in beauty care brand Brillare Science through CCPS.
Endurance Tech to set up a plant in Karnataka to manufacture suspension product range.