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Top buzzers: HDFC, UltraTech, Goodyear, Indraprastha Medical

Shares of UltraTech Cement touched a 52-week high of Rs 4,023.05, rises 3.5 percent intraday Wednesday as RBI increased FII investment limit in the company.

August 31, 2016 / 19:19 IST
 
 
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Here are stocks that are buzzing today:HDFC gains 1 percentShares of Housing Development Finance Corporation (HDFC) gained 1 percent intraday Wednesday as it is going to raise money via issue of bonds to overseas investors.The company is going to issue rupee denominated bonds up to Rs 500 crore to overseas investors, subject to market conditions. (Read more)UltraTech Cement rises 3 percentShares of UltraTech Cement touched a 52-week high of Rs 4,023.05, rises 3.5 percent intraday Wednesday as RBI increased FII investment limit in the company.The Reserve Bank of India (RBI) has increased Foreign Institutional Investors (FIIs) / Registered Foreign Portfolios Investors (RFPIs) investment limit up to 30 percent in the paid up share capital of the company under the portfolio investment scheme. (Read more)Indraprastha Medical Corporation and Goodyear India rise 3 percentShare price of Indraprastha Medical Corporation and Goodyear India rose 3 percent each intraday Wednesday on the back of stellar numbers announced by the companies for the quarter ended June 2016.Indraprastha Medical Corporation's Q1 (April-June) net profit was up 18.9 percent at Rs 8.4 crore and total income was up 3.4 percent at Rs 194 crore. (Read more)Kotak Mahindra Bank up 3 percentKotak Mahindra Bank shares surged to record high of Rs 807, up 2.7 percent intraday after the Canada Pension Plan is allowed to increase stake in the country's third largest private sector lender (by market capitalisation).

The Reserve Bank of India on Tuesday said it has granted approval to Canada Pension Plan Investment Board (CPPIB) for acquiring shares in excess of 5 percent and below 10 percent of the paid up capital of Kotak Mahindra Bank. (Read more)Surya Roshni advances 5 percent

Surya Roshni shares rallied to all-time high of Rs 192.20, up 5.2 percent intraday Wednesday after media reports suggested that two private equity firms showed interest to buy lighting business.

"Warburg Pincus and Bain Capital have expressed interest to buy into the lighting business of Surya Roshni, as the New Delhi-headquartered company is demerging it into a standalone unit," a media report said quoting unnamed sources. (Read more)

first published: Aug 31, 2016 10:14 am

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