Bajaj Auto on Monday posted a 2 per cent decline in total sales in September at 3,76,765 units as against 3,84,400 in the same month last year. Later, shares of Bajaj Auto closed 1.52 per cent up at Rs 2875.30.
The BSE Sensex and NSE Nifty gained over 1 per centage point on Monday on account of buying in frontline bluchip counters ahead of the RBI monetary policy review on Tuesday. The 30-share index settled 377.33 points up at 28243.29, while the 50-share index closed 126.95 points, or 1.47 per cent, up at 8738.10. Asian peers also ended higher on Monday. Traders also got some support with India’s core sector output rising to 3.2% in August on the back of sharp rise in steel production and a pickup in cement, suggesting a lift in infrastructure and construction activity.
Below are 10 stocks which remained in news today:
Jubilant Life Sciences Ltd: The company received USFDA Approval For Ruby-Fill- Rubidium 82 generator and elution system. The product is expected to be launched in third quarter of financial year 2017 under co’s registered brand name Ruby-Fill. Shares of the company closed 6.21 per cent up at Rs 652.82.
Maruti Suzuki: Shares of Maruti Suzuki India hit new all-time on Monday after the company reported over 31 per cent growth in passenger vehicle sales in September.
Wanbury Ltd: The company has successfully completed USFDA inspection at its API facility in Patalganga Plant, Maharashtra. The audit was carried out for a period of 4 days from September 26 to September 29, 2016 and concluded successfully. This is the second plant to be approved by USFDA this year, as earlier Tanuku Plant got approval two months ago in July 2016. The scrip closed 4.90 points up at 47.10.
RBL Bank: Shares of RBL Bank gained nearly 2 per cent on Monday after the bank bought 9.99 per cent stake in Utkarsh Micro Finance (UMFL). The bank is also entering into a Memorandum of Understanding (MoU) to extend its product portfolio to Utkarsh customers. The transaction has got all the necessary regulatory approvals. UMFL is a Non-Banking Financial Company – Micro Finance Institution registered with Reserve Bank of India. It has received in-principle approval from the RBI for setting up a small finance bank and is expected to commence operations soon.
Tata Motors: Tata Motors is planning to increase prices of its passenger vehicles during the ongoing festive season to offset rising input cost. The price hike could be effective during the festive season. Shares of the auto major closed 1.11 per cent up at Rs 540.70.
Mahindra Holidays & Resorts India: Shares of the company jumped over 3 per cet after the leisure hospitality provider has signed an agreement to acquire a 12 per cent stake in Nreach Online Services. Nreach is a leading tech-enabled marketplace for experiences, activities and interesting things to do in and around city or in travel destinations. The company owns a brand ‘GIFTXOXO’, which offers over 4000 categories of experiences and activities including travel and adventure, gourmet, health and wellness, and art and learning.
Cox and Kings: Cox and Kings-owned Meininger Hotels and Hirotani Projektgesellschaft mbH have signed an agreement to open new hotel in Heidelberg, Germany. The hotel will be located at the Carl-Benz-street 4-6 close to the central station. The opening of the first Meininger hotel in Heidelberg is planned for the beginning of 2019 with a lease term of 20 years. Meininger currently operates 16 hotels in 10 European cities. Shares of the company closed 2.29 per cent up at Rs 225.55.
Ashok Leyland: The company posted 18 per cent fall in its total sales to 12,057 units in September 2016 as compared to 14,783 units sold in the same period of last year. However, the scrip settled 4.15 per cent up at Rs 82.90.
Bajaj Auto: Bajaj Auto on Monday posted a 2 per cent decline in total sales in September at 3,76,765 units as against 3,84,400 in the same month last year. Later, shares of Bajaj Auto closed 1.52 per cent up at Rs 2875.30.
Steel Strips Wheels: Shares of Steel Strips Wheels (SSWL) surged over 5 per cent on Monday after the company posted 11 per cent growth in its total wheel rim sales to 12.08 lakh in September 2016 as compared to 10.91 lakh in September 2015. In terms of value, the company’s gross turnover was Rs 101.33 crore in September 2016, as compared to Rs 117.13 crore in September 2015, recording a fall of 13.49 per cent and achieved a net turnover of Rs 91.25 crore in September 2016 as against Rs 105.26 crore in September 2015, recording a fall of 13.31 per cent.