Tata Motors announced after market hours on Wednesday that its UK based luxury car unit, Jaguar Land Rover’s retail sales rose 3 per cent to 47,634 vehicles in September 2015 over September 2014. (Express Photo)
The BSE Sensex and NSE Nifty opened on a positive note on Thursday tracking firm Asian markets. At 9.34 am, Sensex was up 162 points at 26,942.37. Nifty was up 51 points at 8,158.90.
Here are some stocks that are likely to remain in focus today:
Tata Motors: Tata Motors announced after market hours on Wednesday that its UK based luxury car unit, Jaguar Land Rover’s retail sales rose 3 per cent to 47,634 vehicles in September 2015 over September 2014. The company sold 3,49,412 vehicles in the first nine months of 2015, in line with prior year. Jaguar delivered a solid performance in the month, with sales jumping 22 per cent to 10,394 vehicles in September 2015 over September 2014. The increase reflects strong sales of the all-new Jaguar XE sports saloon in markets in which it has gone on sale since May, with China sales only starting in September and US sales starting in 2016. Land Rover retailed 37240 units in September, down 1 per cent year-on-year compared to the same month last year.
V-Mart Retail: V-Mart Retail announced on Wendesay post after market hours, that it has opened a total of four stores, one each at Burdwan, West Bengal; Bhadrak, Odisha; Hajipur, Bihar and Sitamarhi, Bihar. With this the company has entered into the state of West Bengal taking the consolidated number of stores to 114 in 97 cities across 14 states, with 14 composite stores and 80 fashion stores with total area of approx 9.40 lakhs square feet.
Ruby Mills: Ruby Mills announced after market hours on Wednesday that it has fixed October 24 as the record date for 1:1 bonus issue.
United Bank of India: United Bank of India, the Kolkata based public sector Bank, and Kotak Securities, one of the market leaders in the equity and derivatives trading segments have launched their co-branded share trading product, specially customized for the UBI account holders. The product has been named Trio and launched under the brand U-Connect. While the focus would remain on providing online trading services to the customers, however, off-line mode will also be made available to the customers of UBI. Under this arrangement, willing customers of UBI will be offered a 3-in-1 Accounts – Saving & Demat Accounts with UBI and trading account by Kotak Securities.
Financial Technologies (FTIL): The company has concluded the sale of 11 per cent equity stake in Indian Energy Exchange (IEX) on fully diluted basis, with DCB Power Ventures and Kiran Vyapar, and accordingly 33,36,149 equity shares has been transferred to the above two purchasers from the Escrow Account with Axis Bank. With the conclusion of the above transaction, the company has completed the sale of 13.60 per cent stake in IEX, on fully diluted basis.
Mindtree: The company may announce its Q2 results on Thursday. For the first quarter ended June 2015, the company posted consolidated net profit of Rs 138.20 crore, up 7.38 per cent, against Rs 128.70 crore in the sequential quarter ended March 2015.
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