Nestle India stocks were trading up 0.47 per cent after the company said on Monday that it has resumed manufacturing of its instant noodles Maggi at three of its India facilities. (Photo: Reuters)
Domestic equity markets opened in red on Tuesday on the back of weak global markets. Sensex opened 70.90 points down at 27,291.06. Nifty opened 30.2 points down at 8,230.35.
Below are some stocks that are likely to be in focus today:
Nestle India: Nestle India stocks were trading up 0.47 per cent after the company said on Monday that it has resumed manufacturing of its instant noodles Maggi at three of its India facilities and will hit the markets after getting clearances from food testing laboratories. The company, which was forced to withdraw Maggi from market and stop production in June following tests by certain labs allegedly finding lead and MSG beyond permissible limits, will send first samples of the fresh batches to three accredited labs for tests.
Maruti Suzuki: Maruti Suzuki may come out their earnings on Tuesday. For the quarter ended June 2015, the company posted net profit of Rs 1,192.92 crore, up 56.49 per cent, against Rs 762.28 crore in the corresponding quarter a year ago.
Lupin: Drug firm Lupin is likely to announce its second quarterly YoY profit earnings today.
Crompton Greaves: Crompton Greaves has received an approval for sale of company’s Power Systems Business in Canada to PTI Holdings Corporation in a structured deal for an enterprise value of Canadian $20 million subject to post-closing adjustments. The Committee of Directors at its meeting held on October 26, 2015 has approved for the same. Shares of Crompton Greaves were trading 0.96 per cent up at Rs 184.95. Sensex was down 89.23 points at 27,272.73
Eros International Media: Shares of Eros International Media crashed over 19 per cent on Monday amid reports of downgrade and concerns over its business operations by financial services major Wells Fargo. The company’s market valuation declined by Rs 782.1 crore to Rs 3,311.90 crore.
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