Here is a list of stocks investors should keep an eye on as they respond to various news triggers during Tuesday’s trade.
Maruti: Maruti’s April sales grew more than 16 per cent to 1,17,045 units in the domestic market, helped by demand for premium hatchback Baleno and compact sport-utility vehicle Vitara Brezza. Sales increased across segments, except for the small-car category — Alto and WagonR — where volumes fell nearly 10 per cent. But in the utility vehicles segment, sales rose nearly four-fold, driven by the Vitara Brezza.
Hero MotoCorp: Demand in the two-wheeler industry held good in April with market leader Hero MotoCorp reporting third consecutive month of double-digit growth at 15 per cent to 6,12,739 units.
M&M: India’s largest tractor company posted 22 per cent growth in sales in April compared with the same period last year at over 20,704 units. M&M’s passenger vehicles sales grew 16 per cent to 22,655 units.
Tata Motors: Tata Motors reported 9.9 per cent growth in April sales at 39,763 units compared with 36,190 units reported for the same month last year. Domestic sales of commercial and passenger vehicles rose 11 per cent at 35,978 units against 32,404 units in April 2015. Sales of passenger vehicles in the domestic market last month stood at 11,161 units as against 10,341 a year ago, up 7.9 per cent, Tata Motors said in a statement.
Bajaj Auto: Bajaj Auto reported a mere 2% increase in motorcycle sales at 2,91,898 units in April compared with 2,85,791 units last year. Exports declined 36% during the month to 1,03,976 units from 1,61,598 units in the corresponding period a year ago.
IGL: Indraprastha Gas, the city gas distributor in the Delhi-NCR region, on Monday said it had set up 72 CNG filling stations in the first four months of the current calendar year to meet the rising fuel demand. Fifty-one of these stations were set up in the National Capital Territory, while 21 were located in Greater Noida and Ghaziabad, the company stated.
ICICI Bank: ICICI Bank is said to be auctioning a prime property of tyre manufacturer Dunlop India spread over an acre on the upscale Annie Besant Road in Mumbai to recover loans to the Ruia Group companies. The bank took over possession of the the property after Bhartiya Hotels, Shalini Properties & Developers and SPR Resorts defaulted on a Rs 575 crore loan given in 2008.
Tata Steel: Indian-origin businessman Sanjeev Gupta’s Liberty House group has confirmed that it will be submitting its bid for Tata Steel’s loss-making UK businesses by Tuesday, according to a media report. The commodities trading firm, which emerged as an early frontrunner for Wales-based Port Talbot Steelworks, had said last week that its team was evaluating the bid.
Future Retail: Future Group Chairman Kishore Biyani has stepped down as managing director of Future Retail as part of its restructuring with Bharti Retail that it acquired a year ago. As per the deal announced in May last year, both the companies had proposed a demerger of the retail business of Future Retail to Bharti Retail and separation of the infrastructure business of Bharti Retail into Future Retail.
IDBI Bank: The government is expected to clean up IDBI Bank’s pool of non-performing assets by transferring them to a fund before offering up to 10 per cent equity to strategic investors as part of the plan to reduce its stake below 50 per cent. Reaffirming the government’s commitment to go ahead with the stake sale during the current financial year despite protests from employees, top-ranking sources said the finance ministry was also expected to seek clarity on the capital infusion plans of prospective investors, besides undertaking an HR exercise
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