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Larsen & Toubro Infotech and Baring Private Equity Asia are the leading bidders for a major stake in Mindtree, Bloomberg reported quoting people familiar with the matter.
JK Paper
Century Plyboards
Aavas Financiers
CreditAccess Grameen
Tata Group is exploring strategic options for its Jaguar Land Rover Automotive Plc unit including a potential stake sale in the struggling luxury carmaker, Bloomberg reported quoting people familiar with the matter.
Shares of the company rose as much as 3.7 percent to Rs 184.
Eicher Motors Ltd.’s VE Commercial Vehicles’ sales declined 6.7 percent on a yearly basis to 6,428 units, according to its stock exchange filing.
Shares of the company fell as much as 0.8 percent to 19,720.
Shares of Mahindra & Mahindra Ltd. erased gains and fell as much as 0.74 percent to Rs 641.
The company’s auto sales rose 10 percent on a yearly basis last month while its tractor sales fell 8 percent, according to its stock exchange filing.
Key Sales Highlights (YoY)
Tractor Sales Highlights (YoY)
Shares of the truck and bus maker erased gains and fell as much as 2.4 percent to Rs 84.40.
Ashok Leyland’s sales were flat at 18,245 units in February, according to its stock exchange filing.
Key Sales Highlights (YoY)
Sales Including Exports (YoY)
Shares of Maruti Suzuki India Ltd. pared gains and traded 0.6 percent higher at 6,780.65.
The company any sold 1.48 lakh units last month, a decline of 0.8 percent from the year-ago period, India’s largest carmaker said in an exchange filing.
Key Sales highlights (YoY)
The sales of new WagonR are reported under compact segment and the the sales number of old discontinued WagonR are however, reported in the mini sub-segment effective February 2019, the company said.
India’s manufacturing sector activity expanded in February from the previous month.
The Nikkei India Manufacturing Purchasing Managers’ Index rose to 54.3 last month from 53.9 in January. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
Shares of Jet Airways rose as much as 6.1 percent to Rs 237.05.
Naresh Goyal agreed to step down as chairman of Jet Airways Ltd. to allow the board to move ahead with a debt recast plan for rescuing the carrier he founded, according to two people with direct knowledge of the development. (Read the full story here).
Anup Engineering started trading at Rs 474.15 per share after demerging from Arvind.
Here's what analysts had to say about Bharti Airtel:
CLSA
UBS
Shares of Bajaj Auto rose as much as 1.5 percent to Rs 2,943 after falling 0.8 percent as the company reported its sales data for February.
The company sold 3.93 lakh units last month, an increase of 10 percent from February 2018, the Pune-based automaker said in an exchange filing.
Key Sales Highlights (YoY)
Escorts Ltd. sold 7,240 tractors last month, an increase of 12 percent from the year ago period, according to its exchange filing.
Key Highlights (YoY)
Shares of Escorts rose as much as 2.8 percent to Rs 676.20 after the announcement.
Here is a lineup of all the major corporate meetings over the next few days.
— BloombergQuint (@BloombergQuint) March 1, 2019
Read: https://t.co/mNiVdSJgMc pic.twitter.com/2vhrA668hg
An Ex-Deutsche Bank Veteran Is Taking on Indian Banking’s ‘Bad Boy’
Kiran Mazumdar-Shaw Sold 1,600 Shares Without Pre-Clearance, Says Infosys
#BQMarketWrap | U.S. stocks post year's first 3-day slide; dollar gains.
— BloombergQuint (@BloombergQuint) March 1, 2019
Read: https://t.co/YUSoSN5A5t pic.twitter.com/GPs7WXMy2t
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