The Sensex plunged 300 points in trade while the nifty closed at 5,528 on Friday. Overall, it has been a highly volatile week on Dalal Street. The Sensex has lost over a percent and nearly half a percent has been shaved off from the Nifty. So, here are stocks which will be buzzing next week.
Earnings Corner RIL April 16 HCL Tech April 17 TCS April 17 YES Bank April 17 Essar Ports April 18 IndusInd Bank April 18 Oberoi Realty April 19 Wipro April 19 Cairn India April 22
L&T Larsen and Toubro, India's biggest engineering company, will buy out Komatsu Ltd's 50 percent stake in their joint venture that makes construction equipment and hydraulic components. After the transaction, L&T-Komatsu Ltd will become a fully-owned L&T subsidiary, it said in a statement on Saturday.
Coal India Coal India, the world's biggest coal miner, plans to cut its stocks by around a quarter this fiscal year, its chairman said, a move that may help increase supply to power producers in the energy-hungry nation. The miner, which produces about 80 percent of India's coal, ran down its stocks by 18 percent from a year ago to about 58 million tonnes in the year to March, its lowest in four years.
TCS IT major Tata Consultancy Services today said one of its promoter has released 1.7 crore pledged shares of the firm. In a filing to the BSE, TCS said its promoter Tata Sons Ltd released a total of 1,73,50,000 shares of the company on April 8 and April 12.
Welspun Corp The company has decided to temporarily discontinue the plate and coil production at its facility at Anjar due to bleak business opportunities at Plate and Coil Mill Division of the Company.