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  1. Stocks in focus today: DLF, Tata Motors and more

Stocks in focus today: DLF, Tata Motors and more

Tata Motors' stocks will be in focus as the company on Tuesday said its August growth remained flat at 40,680 units compared to 40,883 vehicles in the same month last year.

By: | Updated: September 2, 2015 10:23 AM
Stocks in focus

Stocks of the auto major will be in focus as the company on Tuesday said its August growth remained flat at 40,680 units compared to 40,883 vehicles in the same month last year. (Express Photo)

The BSE Sensex and NSE Nifty opened on a positive note on Wednesday as government accepted A P Shah panel report on Minimum Alternate Tax (MAT) amid mixed Asian cues.

At 9.28 am, Sensex was up 47.38 points at 25,743.82. Similarly, Nifty was up 1.90 points at 7,787.75 during the same time.

Below are the stocks that are in focus today

Tata Motors: Tata Motors’ stocks will be in focus as the company on Tuesday said its August growth remained flat at 40,680 units compared to 40,883 vehicles in the same month last year. Domestic sales of Tata Motors’ commercial and passenger vehicles declined by 3 per cent at 35,478 units during the month as against 36,403 units sold in August, 2014.

Yes Bank: Yes Bank on Tuesday said it will enter into credit card business by June and has appointed former HDFC Bank executive Rajanish Prabhu to lead the division, as it announced a new organisational structure to boost retail and corporate banking.

Hero MotoCorp: Hero MotoCorp on Tuesday reported 13.97 per cent decline in sales at 4,80,537 units in August. The company had sold 5,58,609 units in the same month last year.

Coal India: State-owned Coal India recorded an output of 36.21 million tonnes (MT) in August, missing the target by 3.82 per cent. The company’s production target for August was 37.65 million tonnes, Coal India (CIL) said in a regulatory filing.’

Cipla: The drug major on Tuesday announced the appointment of Umang Vohra as Global Chief Financial and Strategy Officer and Prabir Jha as Global Chief People Officer with effect from October 1, 2015.

DLF: Realty major DLF on Tuesday said its shareholders have approved the resolution to create charge, lien or pledge on its over 50 per cent shares in three subsidiaries, holding rental commercial assets, for raising up to Rs 7,500 crore.

Punj Llyod: Looking to tap opportunities in defence sector, diversified group Punj Lloyd plans to expand its Gwalior facility and will also explore setting up manufacturing units in various states with an investment kitty of up to Rs 2,000 crore.

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