Gold Silver Reports (GSR) – Stocks To Watch: Eicher, L&T, Maruti Suzuki, Tata Motors — Earnings from the country’s largest mortgage lender HDFC beat consensus estimates while the second largest private sector lender by market cap Kotak Mahindra Bank reported stable asset quality in March quarter.
Indian equity benchmarks rose for the third straight day on Monday led by private sector lenders, information technology and consumer goods shares, to their highest level in nearly three months.
The S&P BSE Sensex rose 0.55 percent or 190.66 points to 35,160 and the NSE Nifty 50 index climbed 0.44 percent or 47 points to 10.739.
The Stocks Watch In Wednesday Trade, May 02, 2018
📌 Maruti Suzuki sales rose 14.4 percent to 1.72 lakh units.
📌 Tata Motors sales grew 86 percent to 53,511 units.
📌 Mahindra & Mahindra sales were 22 percent higher at 48,097 units.
📌 Eicher Motors sales jumped 27 percent at 76,187 units.
📌 TVS Motor Company sales grew 24 percent to 3.04 lakh units.
📌 Escorts sales rose 26.3 percent at 6,186 units.
📌 IHH raises Fortis Healthcare bid to Rs 175 per share.
📌 Munjals-Burmans increase Fortis offer to Rs 1,800 crore.
📌 M&M to acquire up to 10 percent equity in Canada’s Resson Aerospace Corp for about Rs 34.5 crore.
📌 Max, Exide Life shortlisted for IDBI Federal Life Insurance stake sale; valuation likely to be over Rs 6,000 crore: Economic Times.
📌 L&T will sell electrical and automation division to Schneider for Rs 14,000 crore.
📌 BHEL gets 900 MW Nepal Hydropower project orders.
📌 Mahindra Lifespaces joint venture gets multi-product notification for its special economic zones.
📌 Lakshmi Vilas Bank sets one-year MCLR at 9.45 percent from May 1.
📌 Mastek wins contract for U.K. Home Office Biometrics.
📌 Maithan Alloys to set up 1.2 lakh tonne per annum ferro alloy plant in West Bengal.
📌 Grasim Industries partially commissioned its expanded Vilayat facility.
📌 MOIL says Ferro grade & fines prices have been reduced by 15 percent in Q1. 5 percent discount on 4 specific grade and prices of chemical grades of ore decreased by 7.5 percent.
📌 Sudhir Valia to infuse Rs 3,510 crore into Jaypee Infra projects in Noida: Financial Express.