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  1. Manappuram Finance, Infibeam, TeamLease among 10 stocks that remained in news today

Manappuram Finance, Infibeam, TeamLease among 10 stocks that remained in news today

Shares of the gold loan company rallied over 13 per cent intraday after it announced that the rating of its debentures has been upgraded by credit rating agency.

By: | New Delhi | Updated: July 4, 2016 3:56 PM
stocks in focus news Shares of the gold loan company rallied over 13 per cent intraday after it announced that the rating of its debentures has been upgraded by credit rating agency.

The BSE Sensex and NSE Nifty settled in green on Monday on account of firm global cues. The 30-share index closed 133.85 points up at 27,278.76, while the 50-share index ended 42.35 points up at 8,370.70.

Below are 10 stocks which remained in news today:

TeamLease Services: TeamLease Services gained on Monday after the company announced the signing of a definitive agreement to acquire ASAP Info Systems Private Limited. Shares of the company closed 1.69 per cent up at Rs 1,095.

Read more: Midcaps continue to outperform in 2016; YES Bank, Biocon, JSW Steel among top gainers

Sobha Ltd: Sobha Ltd announced the launch of ‘Sobha Winchester’ project, its super luxury residential project in Chennai, Tamil Nadu.

Manappuram Finance: Shares of the gold loan company rallied over 13 per cent intraday after it announced that the rating of its debentures has been upgraded by credit rating agency. CRISIL has upgraded its rating on long-term bank facility and non-convertible debentures of the company.

Hero MotoCorp: Country’s largest two-wheeler maker Hero MotoCorp today reported 1.32 per cent increase in sales at 5,49,533 units in June. The company had sold 5,42,362 units in June 2015, Hero MotoCorp said in a statement. Shares of the auto major closed 0.05 per cent down at Rs 3,175 on BSE.

Jaiprakash Associates: With the lenders invoking the strategic debt restructuring (SDR) option against debt-laden Japyee Group, its flagship firm Jaiprakash Associates on Saturday said it has convened a meeting of board of directors on Monday to discuss progress of divestment plans and other issues. Shares of the company closed 5.70 per cent up at Rs 9.08.

SBI: State Bank of India (SBI) has inked agreements with the World Bank for a $625 million (around Rs 4,200 crore) facility to support grid connected rooftop solar programme in the country. The bank also announced selling of five percent stake in bourse NSE to Mauritius-based Veracity Investments for Rs. 911 crore, valuing the exchange at over Rs 18,200 crore.

Reliance Industries: Reliance Industries and SBI have signed shareholders agreements to set up small deposit-taking institutions, called payments bank. Shares of RIL closed 1.34 per cent up at Rs 986.65.

Coal India: Coal India, one of the largest global coal miners, has achieved production of 42.72 million tonnes (MT) in June as against a target of 43.31 MT for the month. The broader goal is to produce 1 billion tonne of the dry fuel by 2020. The state-owned behemoth, which has eight producing arms, achieved 99 percent of the monthly target of 43.31 MT in June. For April-June of 2016-17, the miner recorded a provisional production of 125.65 MT of coal as against a target of 132.43 MT. Off-take in June, at 44.96 MT, was also lower than the targeted level of 47.52 MT for the month. For April-June, the figure stood at 133.19 MT. Shares of Coal India closed 2.37 per cent up at Rs 317.45.

Infibeam Corporation: Shares of the company closed over 3 per cent up at Rs 696.852. The scrip jumped after the company informed bourses that it has executed an agreement with GCMMF to provide online ecommerce and mobile platform with integrated logistics framework for on-demand customer purchase of Amul Products.

Bajaj Auto: Bajaj Auto reported four per cent decline in total sales in June at 3,16,969 units against 3,31,317 in the same month of 2015. Shares of Bajaj Auto closed 0.68 per cent down at Rs 2650.85.

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