TCS shares will be in focus as the company will declare its earnings for the second quarter on Tuesday. (Photo: PTI)
The BSE Sensex and NSE Nifty opened in red on Tuesday tracking weakness in Asian markets. At 9.45 am, the S&P BSE Sensex was down 105 points or 0.39 per cent at 26,798. The 50-unit CNX Nifty was down 25.95 points or 0.32 per cent at 8,117.65.
Below are some stocks that are in focus today:
Hero MotoCorp: Hero MotoCorp after market hours on Monday announced that the company has launched the New Splendor PRO, the flagship bike of the iconic Splendor franchise, with youthful new design and bold styling. Attractively priced at Rs 46,850 ex-showroom Delhi, the new Splendor PRO will go on sale at dealerships across the country, from October 13, the first day of the auspicious Navratra, which marks the beginning of the festive season. Hero MotoCorp also said that priced at Rs 49,500 ex-showroom Delhi, the retail sales of Hero’s new scooter Maestro Edge, the first of the products developed on Hero’s own in-house technology will also commence from Tuesday.
Lanco Infratech: Lanco Infratech on Monday post market hours informed BSE that it has pre-closed its outstanding term loan with YES Bank to the extent of Rs 205.42 crore by obtaining lower interest rate term loan from another bank. The term loan was taken for a couple of Solar Power Projects, which are operating well and the cash flow from the Solar Power projects, are healthy. Other term loans of Rs 61.04 crore from Yes Bank for other Solar Power Projects are continuing.
Tata Consultancy Services (TCS): The IT major will be in focus as the company will declare its earnings for the second quarter on Tuesday.
Cox & Kings: The Cox & Kings Group has acquired 100 per cent of the issued and outstanding shares of Late Rooms (UK) (Late Rooms) for GBP 8.5 million. The acquisition fits the group’s strategic intent to expand its global online and B2C leisure proposition. LateRooms is a profitable, leading online hotel booking specialist in the UK. Its extensive offering encompasses a full range of accommodation options with over 54,800 properties globally, which can be booked up to a year in advance. LateRooms operates a Single Web Platform, which optimizes the website for mobile device usage.
DB Corp: DB Corp on Monday announced that it has acquired 14 frequencies in the Phase III auctions. Out of the 14, 9 frequencies have been acquired in Maharashtra, where MY FM is poised to become the biggest FM player (excluding Mumbai and Pune) and has created a strong complementary local ad medium to Divya Marathi.
Shilpi Cable Technologies: Shilpi Cable Technologies announced after market hours on Monday, that a meeting of the board of directors of the company will be held on Tuesday (October 13), inter-alia, to consider and approve the preferential allotment of 1.5 crore convertible warrants to Shilpi Cables, a promoter group company at an exercise price of Rs 60 each.
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