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Stocks that made news today: Motherson Sumi, Amtek Auto and more

Amtek Auto shares plunged 11.46 per cent on reports that the company has missed payments on the Rs 800 crore worth of bonds that matured on Monday.

Stocks that made news today: Motherson Sumi, Amtek Auto and more
ICICI Bank stocks were trading 1.46 points down at Rs 259 (9.37 am) after it reported 25 per cent fall in net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 against Rs 2976.16 crore in the corresponding quarter a year ago.

The BSE Sensex crashed over 541 points on Tuesday to settle below the 26,000-mark on heavy sell-off after ADB lowered India’s growth forecast amid steep losses in Europe and lingering growth concerns.

Below are stocks that made news today

Amtek Auto: The shares of the auto ancilliary company plunged amid reports that the company has missed payments on the Rs 800 crore worth of bonds that matured on Monday. The scrip closed 11.46 per cent down at Rs 45.95.

Motherson Sumi: Shares of the auto component company plunged after its biggest client, Volkswagen, admitted to rigging American emissions norms and thereafter halting sales of diesel cars in the US market with immediate effect. Volkswagen accounts for 44 per cent of Motherson Sumi’s consolidated revenue, Bloomberg data showed.  The share price of the company closed 7.72 per cent down at Rs 241.90 on Tuesday

Lupin: Lupin stocks gained in mornign trade after Japanese brokerage firm Nomura upgraded the stocks of pharma major to ‘Buy’ from ‘Neutral’ citing the high impact drug approvals will drive company’s earnings from Q4 onwards. Later, the Lupin shares wiped off day’s gains and closed 0.68 per cent down at Rs 1,868.48 apiece.

Infosys: Infosys shares rallied after country’s second largest IT services exporter bagged a Rs 1,380-crore contract from the Centre to build technology infrastructure for Goods and Services Tax Network (GSTN). The share price of the IT major closed 0.08 per cent up at Rs 1,105.50.

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First published on: 22-09-2015 at 09:30 IST