1. Stocks that remained in news today: Sterling Tools, Reliance Industries, Endurance Technologies, Havells and more

Stocks that remained in news today: Sterling Tools, Reliance Industries, Endurance Technologies, Havells and more

Consumer Electrical goods maker Havells India reported a 21.96 per cent rise in standalone net profit at Rs 145.79 crore for the quarter ended September 30, on improved margins across all product categories.

By: | New Delhi | Updated: October 19, 2016 4:27 PM
BSE Sensex, NSE Nifty Sterling Tools advanced 13 per cent on Wednesday after the company informed bourses that its Board of Director will meet on November 5 to consider stock split of equity shares. (Photo: Reuters)

The BSE Sensex closed 66.51 points down at 27,984.37, while NSE Nifty settled 18.80 points down at 8,659.10.

Stocks that remained in news on Wednesday:

Sterling Tools: Sterling Tools advanced 13 per cent on Wednesday after the company informed bourses that its Board of Director will meet on November 5 to consider stock split of equity shares.

Havells India: Consumer Electrical goods maker Havells India reported a 21.96 per cent rise in standalone net profit at Rs 145.79 crore for the quarter ended September 30, on improved margins across all product categories.

Hatsun Agro: Hatsun Agro Product Ltd reported marginal rise in net profit at Rs 32.15 crore for the quarter ended September 30. Its net profit stood at Rs 31.04 crore in the year-ago period, the company said in a BSE filing.

New Listing: Shares of Endurance Technologies listed at a premium of 21 per cent at Rs 572 against issue price of Rs 472. Read more

Apollo Hospitals: With an aim to raise funds to expand its clinics business, Apollo Hospitals will dilute some stake in the vertical for Rs 450 crore this fiscal.

Allahabad Bank: State-owned Allahabad Bank proposes to raise Rs 500 crore from share sale to Qualified Institutional Buyers (QIB) to fund business expansion.

Ceat: The company has unveiled a new range of puncture-safe tyres for motorcycles. The tyres have been developed at its research and development centre at Halol in Gujarat. A puncture-safe tyre has a sticky, gum like sealant material layer inside the tyre in the tread area. This material seals the damaged area due to puncture by any penetrating object preventing air loss and avoids the need of immediate repair.

L&T Technology Services: L&T Technology Services, a leading global provider of digital engineering solutions has secured a new multiyear, multi-million dollar contract with a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products. This strategic tie-up between the two companies will enable the customer to strengthen its product offering and capitalize on market opportunities with superior quality products.

EIL: Engineers India (EIL) and Cochin Shipyard (CSL) have joined hands for design and construction of small scale LNG carriers. This initiative, under the ambit of ‘Make in India’ programme, aims at joint design and building small-scale LNG carriers. Both the companies have inked a Memorandum of Understanding (MoU) for the same.

PFS: PTC India Financial Services (PFS) has reportedly taken recourse to SARFAESI law to recover stressed loans from two power projects after the Centre in August explicitly allowed certain NBFCs to use this route for recovery of dues. Of the two, one project is related to an Engineering, Procurement and Construction (EPC) player in power sector in Hyderabad, while the other was for a hydro-electric project in Himachal Pradesh.

RIL: Shares of Reliance Industries (RIL) closed in green after the company informed bourses that it is planning to shutdown the Fluidized Catalytic Cracking Unit (FCCU) in the DTA unit of its Jamnagar refinery for routine maintenance & inspection activities from the second week of November 2016 for about 5 weeks. The shutdown will provide an opportunity to carry out a revamp job in one of the Polypropylene units. All the four crude distillation units along with other major secondary processing units are expected to operate at normal throughput.

 

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