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Stocks in the news: Laurus Labs, PNB, Fortis, NMDC, Welspun Enterprises, Wipro, HCL Infosystem

Reliance Infra | Fortis | PNB | Allahabad Bank | Can Fin Homes | Canara Bank | Laurus Labs | HCL Infosystems | Piramal Enterprises | Glenmark | Hero Motocorp | TVS Motor | Wipro | Religare | HDFC Bank | IDBI Bank | GSFC | NMDC | Welspun Enterprises | Coal India | VST Tillers and Aurobindo Pharma are stocks | which are in news today.
Mar 5, 2018 / 07:55 AM IST

Here are stocks that are in news today:

Aurobindo Pharma
-Form 483 issued to Aurobindo Pharma's Unit 4
-Aurobindo Unit 4 inspected by US FDA from February 12-20
-US FDA issues 9 observations to Aurobindo Unit 4
US FDA observations
-Aseptic processing areas deficient of system used to control aseptic conditions

-Equipment & utensils not cleaned & sanitised at appropriate intervals

February auto sales: Tata Motors
-Total JLR US sales down 2.4 percent at 9,013 units versus 9,231 units (YoY)
-Total Jaguar US sales down 37.3 percent at 2,185 units versus 3,484 units (YoY)

-Total Land Rover US sales up 18.8 percent at 6,828 units versus 5,747 units (YoY)

February auto sales: TVS Motor
-Total sales up 37 percent at 2.90 lakh units versus 2.10 lakh units (YoY)
-2-wheeler sales up 36.2 percent at 2.80 lakh units versus 2.06 lakh units (YoY)
-Exports up 53.2 percent at 58,564 units versus 38,215 units (YoY)
-3-wheeler sales up 86.3 percent at 9,731 units versus 5,223 units (YoY)
-Domestic 2-wheeler sales up 33.5 percent at 2.30 lakh units versus 1.72 lakh units (YoY)
-Scooter sales up 35.6 percent at 93,573 units versus 69,020 units (YoY)

-Motorcycle sales up 92 percent at 1.13 lakh units versus 58,994 units (YoY)

PNB fraud case: ANI
-CBI produces 6 accused before the special CBI court

-Seeks police custody for Gokulnath Shetty & 5 others

VST Tillers - Sales numbers for February 2018
-Power Tillers sales at 2525 versus 1527 (YoY)

-Tractors sales at 953 versus 651 (YoY)

Coal India
-Production in February at 54.46mn Te

-Offtake at 49.97mn Te

Welspun Enterprises
-Appointed date for NHAI project is February 28, 2018

-The EPC contract is worth Rs 897 crore

-Price of lump ore at Rs 3,000 per tonne
-Price of fines at Rs 2,660 per tonne

-W.e.f 1st March 2018

Jubilant Life
-Maharashtra Excise Department cancels DS-1 license & Form-I license w.r.t distillery operations at Nira unit

-Cancellation of license for distillery operations will have negligible impact on revenue & no impact on profitability

Other stocks and sectors in the news today:

Bharat Forge and Ramkrishna Forgings in focus - February's total North America Class 8 truck sales up 76 percent at 40,200 versus 22,886 units (YoY)

LIC cuts stake in Ashok Leyland to 3.12 percent from 5.16 percent from October 16, 2015 – Mar 1, 2018

Feburary auto sales: Hero MotoCorp total sales at 6.29 lakh units, up 20 percent YoY

GSFC commissions film grade Nylon 6 project on February 28; the plant has capacity of 15 MT per day of Film grade Nylon; also commissions caprolactam quality improvement project on February 28

Reliance Infrastructure board meeting on March 7 to raise funds through QIP

Fortis Healthcare receives notice from SFIO to submit some information and documents by March 9

PNB says internal auditor has been arrested

Allahabad Bank clarifies that they have informed the exchanges about exposure worth USD 366.87 million to PNB fraud

Can Fin Homes - RBL officials with the representatives from KPMG and EY met the management of the company and meeting was arranged by Canara Bank meeting was done to understand business model of the company

Canara Bank approves infusion of Rs 4,865 crore by GoI

Laurus Labs receives Form 483 for Unit 2 (formulations unit) with zero observations

Piramal Enterprises approves transfer of certain assets and liabilities to subsidiary for net consideration of Rs 1,729.48 crore

HCL Infosystems approves slump sale of “DigiSchool business undertaking”, part of the subsidiary of the company on going concern basis

Glenmark - S&P revises rating from negative to stable

Wipro to acquire minority stake in Denim Group

Religare receives letter from SFIO that MCA has ordered an investigation in the affairs of the company

HDFC Bank seeks to raise USD 2.5 billion via share sale: Mint

Adani Gas plans direct listing of shares: Mint

IDBI Bank may initiate insolvency process against Orissa Slurry pipeline: Mint

Five PSBs on brink of being put under RBI's prompt corrective action plan - Canara Bank, PNB, Union Bank, Andhra Bank, Punjab & Sind Bank: BS
Moneycontrol News
first published: Mar 5, 2018 07:55 am