ET Markets
Stock Analysis, IPO, Mutual Funds, Bonds & More

Stocks in the news: YES Bank, TCS, Ashok Leyland, Raymond, Pfizer and IL&FS Transport

Here are a few stocks which by buzz the most in today's trade.|
Last Updated: Jan 10, 2019, 09.02 AM IST
ThinkStock Photos
Here are a few stocks which by buzz the most in today's trade.
NEW DELHI: Nifty futures on the Singapore Exchange were trading 26.50 points, or 0.24 per cent, higher at 10,902, indicating a positive start for the Nifty50. Here are a few stocks which by buzz the most in today's trade.

TCS: Centrum Broking expects TCS’ revenues to grow 1.8 per cent QoQ in constant currency (CC) terms and USD revenues to grow 1 per cent as cross-currency headwind is likely to cut it by 80 bps. “Ebitda margin may be at 28.5 per cent for Q3FY19, which represents a 60 bps improvement QoQ on a sequential basis. We expect EBIT margin for Q3 to come in at 27.2 per cent, up 70bps QoQ,” the brokerage said.

Vakrangee: Ministry of Corporate affairs (MCA) had ordered the inspection of books of accounts for a period of three financial years to be conducted in terms of Section 206(5) of the Companies Act 2013.

Raymond: Promoter Gautam Hari Singhania said he will step down as chairman from all group firms and dissociate himself from day-to-day functioning to build an organisation which can run independently.

IL&FS Transportation Networks: Infrastructure Leasing & Financial Services (IL&FS) said Wednesday it has received a strong response to the asset monetisation process of its domestic roads vertical housed under subsidiary IL&FS Transportation Networks.

YES Bank: The said it has shortlisted the names of potential candidates to succeed MD and CEO Rana Kapoor, who is to demit office by month-end.

Tata Steel BSL: Tata Steel BSL said Wednesday its board has approved a proposal to raise up to Rs 24,000 crore through an issue of preference shares to Tata Steel on private placement basis.

Pfizer: The US-based pharma major Pfizer Wednesday said it plans to shut down its manufacturing units in Chennai and Aurangabad in the current fiscal due to very significant long-term loss of product demand. The closure is expected to impact nearly 1,700 workers. PFizer, however, clarified that the units are a part of Pfizer Healthcare India. Tthese plants did not manufacture any products for Pfizer for the domestic India market.

Ashok Leyland: Hinduja group flagship firm Ashok Leyland said it has bagged orders for 2,580 buses from Institute of Road Transport, Chennai, Uttar Pradesh State Roadways Transport Corporation and Chandigarh Transport Undertaking.

NMDC: State-run iron ore producer NMDC said its board has approved a Rs 1,000-crore share buyback plan. It will buy back 10.20 crore shares at Rs 98 apiece from shareholders, the company stated in a BSE filing.

Mahindra & Mahindra: Homegrown auto major Mahindra & Mahindra Wednesday announced opening of bookings for its upcoming new compact SUV XUV300. The model, to be launched in February, will be available in both petrol and diesel engine variants, Mahindra & Mahindra said in a statement.

Repco Home Finance: Private sector Kotak Mahindra General Insurance Wednesday said it has signed an agreement with Repco Home Finance to deliver its insurance products.

AGC Networks: The cmpany said one of its wholly-owned subsidiaries has completed the acquisition of US-based Black Box Corporation, a move that will help the Essar group company firm up its presence in international markets, including North America and Latin America.

Board meetings/ Q3 results


Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service