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Stocks in the news: Eicher, Tata Motors, NMDC, MEP Infra and Jet Airways

NEW DELHI: Nifty futures on the Singapore Exchange were trading 45 point, or 0.42 per cent, higher at 10,968.50, indicating a firm for the Nifty50. Here are a few stocks which may buzz the most in today’s session:

MEP Infrastructure: The company has achieved financial closure for the Rs 1,183-crore Thane-Vadape road project in Maharashtra by arranging project finance of Rs 567.78 crore.

Jet Airways: Debt-laden Jet Airways has delayed the payment to a consortium of Indian banks, led by State Bank of India , the airline said late Tuesday.

Aurobindo Pharma: The US unit of the company is recalling 80 lots of tablets used for treatment of high blood pressure and heart failure from the American market due to presence of impurity that may cause cancer in humans, the company said.

Airline stocks: The price of aviation turbine fuel (ATF) — used to power airplanes — was slashed by Rs 9,990 per kilolitre, or 14.7 per cent, to Rs 58,060.97 per kl, according to price notification issued by state-owned oil firms.

Coal India: Northern Coalfields’s production and offtake grew 11 per cent and 7 per cent, respectively, during the April-December period, the Coal India (CIL) subsidiary said on Tuesday. Overall, the output for CIL rose 7.4 per cent YoY to 412.42 mt in the April-December period .

Tata Motors: The company reported an 8 per cent decline in domestic sales to 50,440 units in December as compared with 54,627 units in the same month last year.

Karnataka Bank: Private sector lender Karnataka BankNSE 0.31 % Tuesday said it has revised upward MCLR by 0.15 per cent to 9.10 per cent for one-year tenor.The revised marginal cost of fund-based lending rate (MCLR) are effective from January 1, 2019, the bank said in a regulatory filing.

Eicher Motors: Royal Enfield, the two-wheeler division of Eicher MotorsNSE -6.42 %, Tuesday reported a 13 per cent decline in total sales to 58,278 units in December.

NMDC: Board members of the company will meet January 8 to consider a share buyback proposal.

Glenmark Pharma: The transfer of the API business to Glenmark Life Sciences, a wholly owned subsidiary of the company, was completed on December 31.

Weizmann Forex: The promoter and promoter group intend to sale their entire shareholding of 83,28,540 shares, representing 74.84 per cent of the paid-up capital of the company. Acquirer EbixCash World Money has announced an open offer of 27,99,350 shares at an offer price of Rs 528 per share.

Reliance Nippon: HDFC Securities has initiated coverage on Reliance Nippon Life Asset Management Company with a buy rating and target price of Rs 227. The brokerage likes Reliance Nippon Life Asset Management’s focus on building granular, stickier retail assets.

Supreme Industries: Elara Capital has initiated coverage on Supreme Industries with a buy rating and target price of Rs 1,537.

CMI: Cable manufacturer CMI said it has bagged a Rs 107-crore contract from Indian Railways for supply of cadmium catenary wire.

News Credit: Economic Times

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