Stocks in news: Atul Auto, Scooters India, Tata Motors
Royal Orchid Hotel | Atul Auto | Easun Reyrolle | Scooters India | Tata Motors and Hero Motocorp are stocks, which are in the news today.
January 02, 2013 / 09:42 IST
Here are stocks that are in news today:
December auto sales - Overall weak
Tata Motors - Very disappointing sales, MHCV down a shocking 45 percent
YoY
-Total sales down 20 percent at 65582 units versus 82278 units
-Commercial vehicle sales down 0.5 percent at 47515 versus 47747 units
-LCV sales up 27.6 percent at 37649 versus 29500 units
-MHCV sales down 45 percent at 9866 versus 18247 units
-Passenger vehicle sales at 14185 versus 29417 units
MoM
-Total sales down 1.4 percent at 65582 versus 66500 units
-CV sales up 7.2 percent at 47515 versus 44323 units
-LCV sales up 8 percent at 37649 versus 34828 units
-MHCV sales up 4 percent at 9866 versus 9495 units
-PV sales down 21.3 percent at 14185 versus 18031 unitsHero Motocorp December sales - Better than expected due to aggressive sales promotion and high dealer incentives
YoY
-Total sales flat at 5.41 lakh units versus 5.40 lakh
MoM
-Total sales up 8 percent at 5.41 lakh versus 5.02 lakh
-Reports suggest company is doubling dealer commissions on incremental sales of motorcycles sold December onwards Also Read - Market watch: Cues that will impact Nifty todayCore group of Kingfisher Airlines lenders to meet this Friday
-Meeting to decide on future action
-Core group includes SBI, Bank of Baroda, Bank of India, PNB and United Bank of IndiaInfosys' Kris Gopalakrishnan to CNBC-TV18
-US economy has started recovering
-Avoiding fiscal cliff positive for global economy
-China and India are starting to grow
-Clarity that Euro zone will stay together
-Short-Term uncertainty to continue
-Business leaders positive but cautious
-Confident of positive moves taken by government
-Will see pick up in jobs and industrial activity
-Global environment to aid it industry
-Near-term uncertainty to hold back investmentsNHAI responds to GMR on notice regarding termination: Sources
-NHAI intimated GMR, MoEF been asked to expedite clearances
Alert: GMR issued termination notice on Kishangarh-Ahmedabad Highway
-NHAI has told GMR that termination notice is flawed
Alert: GMR said material default on NHAI's part for not getting clearanceScooters India revival plan sent for cabinet nod: Sources
-Scooters India revival plan nod likely in a month
-Rs 200 crore to be infused in Scooters India
-Funds for partly capex, partly working capital
-Rs 83 crore of loans to be converted into equity
-Salaries to be revised for all Scooters India employeesOther stocks and sectors that are in news today:
-Coal India, RCF, SAIL, Engineers India and National Fertiliser plans to pay up Rs 300 crore of debt of Fertilizer Corp to help the company’s net worth turn positive: ET
-Cash rich energy PSUs Coal India, NTPC rush for coal blocks in Bengal: BS
-Easun Reyrolle plans to raise Rs 100 crore
-Atul Auto total sales up 20.5 percent at 2,844 units (YoY)
-Oriental Bank cuts interest rate on home loans up to Rs 30 lakh by 10 basis points: PTI
-Royal Orchid Hotel board okays debt recast
-ArcelorMittal to sell USD 1.1 billion stake in Canada iron ore unit to POSCO group: HTRBI:
-Reallocates portfolios of Deputy Governors
-D Subbarao to oversee Monetary Policy Department
-HR Khan to handle additional charge of Financial Markets Department
Alert: Deputy Governor portfolio reshuffle as Gokarn term ended on Monday Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
