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Last Updated : Mar 03, 2016 08:58 AM IST | Source: CNBC-TV18

Stocks in news: Tata Motors, Infosys, TCS, Trent, BoB, Dr Reddys

Tata Motors | Reliance Industries | Infosys | TCS | Sun Pharma | Tata Steel | Bank of Baroda | NHPC | Coal India | Hitech Plast | Trent | Central Bank of India and McLeod Russel are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

February auto sales: Tata Motors
-JLR US sales up 25.3 percent at 7,929 units (YoY)
-Jaguar US sales up 7.2 percent at 1,512 units (YoY)
-Land Rover US sales up 30.5 percent at 6,417 units (YoY)

Future Group
-To tie-up with Trent Hypermarket to distribute private FMCG labels
-To distribute private FMCG labels via Trent’s Star Bazaar stores
-Likely to make announcement on Trent tie-up today
Alert: Trent Hypermarkets currently have 20 Star Bazaar stores
-Expects private FMCG label sales to touch Rs 20,000 crore by 2021


Central Bank of India
-Approves raising additional equity capital of Rs 165.35 crore at Rs 52.66/share
-Seeks government nod to raise equity cap of up to Rs 583 crore via debt conversion
-Debt conversion, issue price to be Rs 70.71/share

Eveready, McLeod Russel in focus
-Eveready looking to spin off packet tea business into separate unit: Mint
-Move to scale ops up by aligning with promoter group’s plantation company McLeod Russel

Ador Weldings Q3FY16 YoY
-Revenues at Rs 83.4 crore versus Rs 86.9 crore
-Net profit at Rs 5 crore versus Rs 0.63 crore

Hitech Plast
-Extent of damage at Rohtak unit quite extensive
-Have initiated the process to resume operations

Cambridge Technology
-Board meet on March 9 to call extraordinary general meeting (EGM)
-To obtain approval of shareholders for the scheme of reduction of capital in EGM

-Enters into strategic alliance with GE
-Alliance with GE to expand industrial internet via digital re-imagination
Other stocks and sectors that are in news today:
-Dr Reddy’s gets US FDA approval for Palonosetron hydrochloride injection (used to treat nausea)
-Ajay Piramal in foray to buy Lafarge cement assets: BS
-CARE downgrades ratings of IOB's Basel III compliant bond issues to CARE BBB from CARE A-
-Infosys bags project from Al Ahli Bank of Kuwait
-Sun Pharma to take on antacids with ‘Pepmelt’: ToI
-Tata Steel gets green clearance for Rs 1,877 crore expansion project in Jamshedpur
-Bank of Baroda to recover NPAs worth Rs 2,700 crore in FY16: FE
-NHPC says Teesta Low Dam HE project, stage-IV commercially operational
-Coal India revises standard stripping ratio for overburden removal (OBR) accounting by Northern Coalfields
-Prakash Steelage goes ex-stock split 10:1
-BPCL goes ex-dividend Rs 3.5/share
-Saurashtra Cement board meet on March 10, 2016 to consider declaration of interim dividend on unlisted optionally convertible cumulative preference shares (OCCPS) and to redeem OCCPS.

First Published on Mar 3, 2016 08:02 am
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