Tata Motors stocks will be in focus as Jaguar Land Rover on Thursday reported its best ever November retail sales of 46,547 vehicles, up 27 per cent as compared to November last year despite a slowdown in China, the world’s largest auto market. (Photo: Reuters)
The benchmark BSE Sensex jumped over 100 points in opening trade on Thursday following value buying in blue-chip stocks coupled with mixed Asians cues. At 10 am, Sensex was trading 92.58 points up at 25,128.63. Similarly, Nifty was trading 26.70 points up at 7,639.20 during the same time.
Below are the 8 top stocks that are likely to be in focus today:
Infosys: Shares of the software major were trading 0.57 per cent up at Rs 1035.25 after the company on Wednesday announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based Disaster Recovery (DR) software.
Realty stocks: Stocks of real estate companies like DLF, Unitech, Godrej Properties among others will be in focus as the Union Cabinet on Wednesday approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha.
United Spirits Ltd: Diageo-controlled United Spirits Ltd (USL) is seeking nod from its shareholders through a special resolution to provide corporate guarantee to a Rs 100-crore loan that its subsidiary Pioneer Distillers is availing from Standard Chartered Bank. In a BSE filing, the company said its Board of Directors had on November 2, approved a decision of “providing corporate guarantee” for the financial assistance of Rs 100 crore that Pioneer Distilleries is seeking from the bank to be used for funding capacity expansion and for other capital needs.
Tata Motors: Tata Motors-owned Jaguar Land Rover on Wednesday reported its best ever November retail sales of 46,547 vehicles, up 27 per cent as compared to November last year despite a slowdown in China, the world’s largest auto market. The Coventry-based luxury car maker sold 437,512 vehicles in the first 11 months of 2015, four per cent up on the same period in the previous year.
Aurobindo Pharma: Aurobindo Pharma has received US health regulator’s approval to market Eptifibatide Injection, used in the treatment of acute coronary syndrome, in the American market. The company has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Eptifibatide Injection, Aurobindo Pharma said in a filing to the BSE.
Wipro Ltd: Wipro Digital, the digital arm of Wipro, said its has set up a new “London pod” to offer enhanced digital transformation services to its customers in the UK and other parts of Europe. Wipro Digital also intends to continue its hiring in the UK to support business growth and expand its range of offerings, it said in a statement.
Biocon Ltd: NeoBiocon, a collaboration between Biocon Ltd and BR Shetty led UAE-based Neopharma, has partnered with Novartis Middle East FZE to market diabetes drugs Jalra and Jalra-M in the UAE. The partnership will help NeoBiocon expand its product offerings in the metabolics segment and will immensely benefit diabetics in UAE, Biocon Ltd on Thursday said in a statement.
Asian Paints: Asian Paints on Wednesday said its overseas subsidiary Asian Paints (International) Limited (APIL), Mauritius, has transferred its entire holding in Asian Paints (Vanuatu) Limited to Singapore-based Berger International. “As part of the company’s plan to consolidate its investments in the overseas subsidiaries, Asian Paints (International) Ltd (APIL), Mauritius, a wholly-owned subsidiary of the company has transferred its entire holding of 60 per cent held in the subsidiary company, Asian Paints (Vanuatu) Ltd to Berger International Private Ltd, Singapore,” Asian Paints said in a BSE filing.
V-Guard Industries: V-Guard Industries on Wednesday said it has set up a manufacturing unit of voltage stabilisers in Sikkim to meet the growing demand of stabilisers in non-south markets. “The unit is eligible for benefits under North East Industrial & Investment Promotion Policy (NEIIPP), 2007 which also covers the state of Sikkim,” it said in a filing to BSE.
Jain Irrigation: Jain Irrigation Systems has bagged a Rs 2.2 billion contract from Tanzania authority DAWASA for supply and installation of water distribution network in the capital city ‘Dar Es Salaam’. “The USD 32.98 million (Rs 2.2 billion) project is an integrated water supply project with unique design to ensure reduced water supply losses (in) entire network,” the company said in a BSE filing.
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