Sunday, December 2, 2018

Top Stocks in focus today: Maruti Suzuki, Tata Motors, Biocon, SAIL

India’s largest passenger vehicle manufacturer, Maruti Suzuki (India) reported better than expected volumes in November 2018. Total volume (domestic + exports) came in at 1,53,539; flat on yoy basis and up 5% on mom.

Cadila Healthcare received USFDA approval to sell Teriflunomide tablets.

Aviation stocks in focus as ATF prices for October cut by 11% pan India due to lower crude prices and stronger rupee.

Tata Motors sold 50,470 vehicles in November 2018 in the domestic market against 52,464 vehicles in November 2017 and 57,710 vehicles in October 2018.

Biocon’s jointly developed product “Fulphila” with Mylan has been granted marketing authorisation from the European Commission.

Monte Carlo Fashion’s board approved buy back of 4.6% of equity paid-up share capital at Rs550 per share, aggregating to Rs55cr.

Indian Oil Corporation to reduce Delhi’s non-subsidized LPG price by Rs133 per bottle from December 1, as media reports.

Hero MotoCorp reported sales of 6,10,252 vehicles in November 2018, up 1% on yoy.

SAIL’s Durgapur alloy plant is showing improved performance and the unit is geared up to make profit next year said Steel Minister, Birender Singh.

Sandhar Technologies signed JV pact with South Korea's Kwangsung to make plastic-mould parts for cars, trucks.

Laurus Labs and Aspen Pharmacare launched an improved triple combination HIV drug in South Africa with the triple combination of Tenofovir Disoproxil Fumarate, Lamivudine and Dolutegravir (TLD) in South Africa, the company said in a press note to the exchanges on Sunday.

Merck has finished sale of consumer health business to Procter & Gamble (P&G), the company said in a press note to the exchanges.

Mahindra and Mahindra (M&M) reported a total volume growth of 17% yoy (down 23% mom) in November 2018.

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