Atul Auto Total sales up by 12.29% during April-December 2014-15

Three wheeler manufacturer Atul Auto has published its sales report for the month of December 2014. As per the regulatory filing, the company said that 3,708 vehicles were sold in December 2014-15. This is a 5.64% growth M-o-M from the previous year, which stood at 3,510 in december 2013-14.

Total sales of the company was 31,338 units from April to November this year, which is again a 12.29% growth from the same period the previous year, which was 27,908.

The stock price for the company traded on new 52 Week High value of 706.75, and at 2:20 PM was trading at 2.49% higher than the previous close.

Goldman Sachs Emerging Market Fund and Goldman Sachs India Fund together bought 0.4 million shares, or 1.8 per cent, of the total equity in the company earlier this week.

Sensex, Nifty remain in tight range

In the early-noon deals, the market is trading on a soft note. As of 1220 hrs, the BSE Senses is down 22 points at 27,477 and the NSE Nifty is quoted at 8.277 - down five points.

The broader market is out-performing the CNX Nifty index, the Small-cap index has spurted 1.3 per cent at 5,343. The Mid-cap and Nifty Junior indices have also added 0.3 per cent each at 3,371 and 18,745, respectively.

Among sectors, the Metal and PSU Bank indices have gained nearly a per cent each at 2,682 and 4,304, respectively. The Auto index has gained 0.2 per cent at 8,300.

On the other hand, FMCG and Energy indices are down 0.2 per cent each at 8,620 and 20,082, respectively.
Among smallcaps, Alder Pharma is the top gainer - up 20 per cent to Rs. 125. DB Realty has galloped over 13 per cent to Rs. 79.20.

IVRCL Infra has zoomed over 12 per cent at Rs. 18.40. Force Motor has soared 11 per cent at Rs. 1,193. Ujaas and Supreme Infra have surged almost 10 per cent each at Rs. 17.75 and Rs 290, respectively.

Alembic has jumped almost 9 per cent at Rs. 42.40. Igarashi Motors and Vinati Organics have also rallied over 8.5 per cent each at Rs. 313 and Rs. 466, respectively.

On the other hand, Matra Kaushal has slumped 7.5 per cent at Rs. 43. Shanti Gear has cracked over 6 percent at Rs. 128.

Top corporate news of the day - January 01, 2015

Manappuram Finance, with a market share of around 12% in the gold loan business, might acquire a commercial vehicles loan company, in a bid to expand the portfolio.

L&T Infrastructure Development Projects has begun construction of a Rs12.9bn road widening project in Odisha, more than a year after bagging the contract for it.

Coromandel International formally completed the process of amalgamation of Sabero Organics Gujarat Ltd with itself.

SpiceJet’s current curtailed operations will continue till January 10 without the airline having to pay an airport every time its aircraft lands or takes off.

The meeting of PM with bankers is seen as the “final” stage of decision-making on the fate of Andhra Bank, which is suffering from a high percentage of NPAs. It is a probable candidate for merger withBank of Baroda or Punjab National Bank.

Top economy news of the day - January 01, 2015

The Central Government’s fiscal deficit for the April-November period touched 99% of the Budget estimate for 2014-15.

Telecom Regulatory Authority of India recommended a base price of Rs27bn a megahertz (MHz) for 2,100-MHz spectrum across the country; price is about 22% lower than the reserve price of the same spectrum in the previous auction, conducted in 2010.

Government is considering giving a one-time option to private power companies to shift to regulated electricity tariff from tariff discovered through competitive bidding.

Powered by a strong show on the coal, cement and electricity front, the output of the core industries grew 6.7% in November, higher than the 3.2% growth recorded in the same month last year, and 6.4% in October 2014.

The Telecom Regulatory Authority of India (TRAI) notified a 12.5% inflation-linked hike on analogue cable TV rates.

Non-food credit growth of the banking system slowed to 11% yoy, in November 2014 as compared with an increase of 14.7% in November 2013.