Check out the companies which will be in focus during trade today based on recent and latest news developments.
Kotak Mahindra Bank: Sumitomo Mitsui Banking Corp sold stake worth Rs. 1,151.61 crore in Kotak Mahindra Bank through an open market transaction, according to reports.
Tata Motors: Tata Motors continued to witness year-on-year growth in the M&HCV segment in February 2016, with a growth of 22%. Total sales of Tata Motors passenger and commercial vehicles (including exports) were at 46,674 vehicles, higher by 6%, over 44,233 vehicles, sold in February 2015.
Wipro: Wipro said it has completed its USD 460-million acquisition of HealthPlan Services earlier than expected.
Tata Chemicals: The Reserve Bank of India has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) in Tata Chemicals Limited has reached the trigger limit.
Cadila Healthcare: Zydus Cadila received a final approval from the US Food and Drug Administration (USFDA) to market Glyburide and Metformin Hcl Tablets USP in strengths of 1.25/250, 2.5/500 and 5/500 mg.
BHEL: BHEL bags Rs.5,600 Crore order for 1,600 MW Supercritical Power Project in Tamil Nadu.
Maruti Suzuki: Maruti's passenger car sales declined by 3.9% to 87,149 units as against 90,728 units in the Jan'15.
Mahindra & Mahindra: Mahindra & Mahindra's PV segment sold 23,718 units and grew by 25% yoy in Feb 2016.
Atul Auto: Atul Auto announced the sales figures for the month of February 2016. The company sold 3,510 units with a growth of 3.17% YoY as against 3,402 units in last year corresponding period.
Hero MotoCorp: The company's total sales for the month of February 2016 grew 13.6% at 5.5 Lakh Units (YoY).
Eicher Motors: The company’s total sales of two-wheelers rose by 63% to 49,146 units as against 30,240 units sold in February 2015.
Gammon Infrastructure: The company has received approvals from National Highway Authority of India (NHAI) and Gammon Infrastructure Project Limited (GIPL) and consents from the Special Purpose Vehicles (SPV) lenders for disinvestment of the company’s entire shareholding held directly and/or through nominees in its project companies to BIF India Holdings Pte Ltd.
Persistent: Persistent System's US arm has acquired Citrix CloudPlatform, signing an agreement with Citrix Systems to buy two product lines.
Tata Comm: Tata Communications and Vodacom has called off deal to sell Neotel, Tata Comm's South African arm. The company said that Neotel & Vodacom pact lapsed on regulatory complexity. Sale of Neotel was considered important for Tata Communications debt reduction.
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