Tata Motors, TCS, Hero MotoCorp, SpiceJet among 16 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Tata Motors: Tata Motors continued to witness year-on-year growth in the M&HCV segment in December 2015, with a growth of 2%. Total sale of Tata Motors passenger and commercial vehicles (including exports) were at 39,973 vehicles, lower by 4%, over 41,734 vehicles, sold in December 2014. 

TCS: Tata Consultancy Services has again began talks with Dell for its Perot IT business after a disagreement over price, according to reports. 

IDBI Bank: The Government is unlikely to go for a strategic stake sale of IDBI Bank during the current fiscal year due to some procedural issues, as per media reports.

Hero MotoCorp Ltd: Hero MotoCorp the world’s largest two-wheeler manufacturer, clocked 499,665 units of two-wheeler despatches in December 2015.  The company had sold 526,097 units in December 2014.

IRB Infrastructure Developers Ltd: The company have received the Letter of Award from Ministry of Road Transport & Highways (MORT&H), Govt. Of India for Construction, Operation and Maintenance of Zozila Tunnel including approaches on NH-1 (Srinagar - Sonmarg - Gumri Road) in the State of Jammu & Kashmir on Design, Build, Finance, Operate & Transfer (Annuity) basis (“the Project”).

Thomas Cook: Thomas Cook Ltd has announced that its Arm Quess Corp has completed acquisition of remaining 51% stake In MFXchange Holdings.

SML Isuzu: The company has reported 18.27% fall in December sales. The company has sold 877 vehicles during December, 2015 against 1073 vehicles sold in December, 2014, as per media reports.

Eicher Motors: Eicher Motors has reported 50% growth in its total sales at 4.5 lakh units for the calendar year 2015. 

SpiceJet Ltd: SpiceJet has announced that it is considering Embraer jets to expand its fleet, according to reports.

Sterlite Grid: Sterlite Grid has set a new benchmark by commissioning the Transmission Project to Rajasthan Atomic Power Project (RAPP) ahead of schedule. 

Coal India: Coal India reported said its production in December stood at 52.07 million tonnes (MT) as against the target of 51.08 MT for the month.

Somany Ceramics Ltd: Somany Ceramics Ltd has approved Issuance of Commercial Paper by the Company upto Rs. 25 Crores.

TVS Motor Company: TVS Motor Company has recorded 4% growth in sales during the month of December 2015, with total sales increasing from 194,481 units recorded in the month of December 2014 to 202,086 units in the month of December 2015.

Ashok Leyland: Hinduja group's flagship, Ashok Leyland saw December total sales rise 31% yoy to 12,209 units while M&HCV sales were up 35% yoy at 9,758 units. 

Canara Bank: Canara Bank has announced that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier-II Bonds amounting to Rs. 1500 Crore by way of Private Placement.

Kotak Mahindra Bank: Kotak Mahindra Bank Ltd has informed BSE that the Bank on January 01, 2016 has acquired 10,00,000 equity shares at Rs. 10/- each aggregating to Rs. 1 crore being 9.99% of the paid-up capital of Institutional investor Advisory Services India Limited.

Power Grid: The company has announced that Power Grid Vizag Transmission Limited, a wholly owned subsidiary of Power Grid Corporation of India Limited, secured though Tariff Based Competitive Bidding (TBCB) process has successfully charged the 1st element of the Project: Khammam - Nagarjunasagar 400kV D/C Transmission line on December 31, 2015, within the completion schedule specified.

State Bank of Mysore: The Bank has raised Rs. 300 crore of non-convertible, redeemable, unsecured, Basel III Compliant Tier 2 Bonds, for inclusion in tier 2 capital of the Bank, in the nature of debentures of face value of Rs. 10 lakhs each (“bonds”) at par aggregating Rs. 300 crore.