Steel Strips Wheels Surges
Shares of the company surged as much as 10 percent to Rs 602 after it saw a turnover growth of 22 percent for the month of November led by a strong performance in the tractor and the commercial vehicle segment.
While total wheel-rim sales grew 14 percent in the year-on-year period, a high base in the previous year led to the export segment seeing a degrowth of 24 percent this month.
Jewelry Stocks Shine Post Excise Duty Removal
Shares of Titan Company Ltd., PC Jewelers Ltd., and TBZ Ltd., gained between 3-13 percent after the government decided to scrap excise duty on branded gold coins.
Here are how the stocks are performing as of 12:25 p.m.:
- Titan Company Ltd. (up 3.06 percent to Rs 333.40)
- PC Jewellers Ltd. (up 2.75 percent to Rs 278.65)
- TBZ Ltd. (up 13.03 percent to Rs 71.15)
Eicher Motors Surges After November Exports More Than Triple
Shares of Eicher Motors Ltd. rose as much as 3.8 percent after the automaker reported 41 percent increase in total sales and over three-fold jump in exports for the month of November. (More details HERE)
.png)
Movers & Shakers: HCC, Reliance Communications, Wipro And More
For a complete list of stocks to watch, click HERE
- India signs deal with U.S. for 145 M777 howitzer guns (PTI)
- Delhi court refuses to stay connectivity fund levy on airlines
- Cabinet approves Mumbai transport project-phase 3
- Accel debuts fifth India fund to invest $450 million in startups
- Global funds sell Rs 434 crore of local stocks; domestic funds buy Rs 677 crore yesterday: Provisional data
OPEC's oil output cut deal sends Asian markets higher. Dollar rises.
— BloombergQuint (@BloombergQuint) December 1, 2016
Read| https://t.co/vpCokJtOwn pic.twitter.com/EW4sYebKwy
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
