Last Updated : Jan 02, 2019 08:18 AM IST | Source: Moneycontrol.com
Stocks in the news: Tata Motors, Eicher Motors, NMDC, Power Grid, VST Tillers
Power Grid Corporation | VST Tillers | Chambal Fertilisers | IOL Chemicals | Tata Motors and Eicher Motors are stocks which are in the news today.
Here are stocks that are in the news today:
LIC Housing Finance: V K Sharma resigned as Chairman of the company.
NMDC to consider the proposal for buy-back of the fully paid-up equity shares on January 8
Coal India December coal production at 54.13 million tons versus 54.63 million tons
Promoters intended to sell their entire stake of 74.84 percent stake in the company
Power Grid Corporation of India: Subsidiary POWERGRID Jabalpur Transmission Limited successfully commissioned the project viz. transmission system strengthening associated with Vindhyachal-V which comprises establishment of Vindhyachal Pooling Station - Jabalpur Pooling Station 765kV Double Circuit Transmission line on build, own, operate and maintain (BOOM) basis.
Price of Ferro Grade have been decreased by about 10% on the existing prices
On select grades of non-moving low grade manganese ore, discount of 10% has been offered
on select grades of non-moving low grade manganese ore, MOIL has offered bulk quantity discount ranging from 5% to 20%.
The basic price of Electrolytic Manganese Dioxide (EMD) has been increased by Rs.10,000 PMT on the existing priceFerro Manganese/ Ferro Manganese Slag and some identified grades of Manganese Ore will continue to be sold on e-auction basis as well as through Metal Mandi (M3) of MSTC
Glenmark Pharma: Transfer of the company's API business to Glenmark Life Sciences Limited, a wholly owned subsidiary of the company, has been completed.
Tata Motors December sales: Total sales down 8 percent to 50,440 units versus 54,627 units YoY. Says high interest rates & rising costs impacted December sales.
Eicher Motors December sales: Motorcycle sales down 13 percent at 58,278 units versus 66,968 units YoY.
Chambal Fertilisers & Chemicals: Company has declared the commencement of commercial production from Gadepan-III plant.
VST Tillers Tractors December sales: Power tillers sales at 1,353 units versus 3,004 units and tractors sales at 602 units versus 611 units YoY.
IOL Chemicals & Pharmaceuticals: CARE revised its rating on long term bank facilities of the company to BBB+/Stable from BBB-/Stable and short term bank facilities to A2 from A3.
Karnataka Bank: Bank raises one year MCLR to 9.10 percent from 8.95 percent from January 1.
Bajaj Corp: Change of name from Bajaj Corp to Bajaj Consumer Care Limited.
Bulk Deals on January 1
Proseed India: Shree Mallikarjun Trad Invest Private Limited sold 4,91,156 shares of the company at Rs 1.35 per share on the NSE.
Sai Baba Investment and Commercial: Foram Nikul Patel sold 12,00,000 shares of the company at Rs 1.77 per share on the NSE.
Analyst or Board Meet/Briefings
Bank of Maharashtra: Board meeting is scheduled on January 4 to consider the proposal of raising of equity capital aggregating to Rs 4,498 crore by way of preferential allotment of shares to Government of India (GOI).
TTK Prestige: Board meeting is scheduled on January 28 to consider the unaudited results for the third quarter and nine months ended December 2018.