Stocks in Focus on December 7: Maruti, Eicher Motors, NMDC, Apollo Tyres to Tata Chemicals; here are the 5 Newsmakers of the Day
Key equity indices scaled fresh all-time highs on Friday, December 4, 2020, amid positive global cues. S&P BSE Sensex added 446.90 points, or 1 per cent, to settle at 45,079.55. Nifty 50 rose 124.65 points, or 0.95 per cent, to close at the lifetime high of 13,258.55. But certain stocks came in news after the market was closed
Key equity indices scaled fresh all-time highs on Friday, December 4, 2020, amid positive global cues. S&P BSE Sensex added 446.90 points, or 1 per cent, to settle at 45,079.55. Nifty 50 rose 124.65 points, or 0.95 per cent, to close at the lifetime high of 13,258.55. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, December 7, 2020. List of such five stocks:
Maruti/ Eicher Motors: The country's largest carmaker Maruti Suzuki India on Saturday said its total production in November increased 6% YoY to 1.50 lakh units from 1.41 lakh units. Besides, Volvo Eicher Commercial Vehicles commences production at its new truck plant in Bhopal.
NMDC: Karnataka Government has extended Donimalai Iron ore mine lease for 20 years with effect from November 2018. Based on the existing high price of ore, it is expected that Donimalai Iron ore mine will contribute around Rs 400 crore to the company during the ongoing financial year.
Apollo Tyres: The company has allotted 6.30 crore equity shares pursuant to the conversion of Compulsorily Convertible Preference Shares at 171.29 per share to Emerald Sage Investments. Post the allotment, the cumulative ownership of Warburg Pincus and affiliates is approximately 18%.
IFCI + Tata Chemicals
- IFCI: Government has plans to sell its 61.2% stakes in the NBFC Company IFCI. It wants to raise Rs 850 crore through stake sales at Rs 7.25 per share.
- Tata Chemicals: Promoter Tata Sons bought additional 25.71 lakh shares (1.01%) at Rs 471.88 per share.
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Circuit Filter Revision: The new circuit filter will come to effect today. The National Stock Exchange has revised circuit limits of 300 stocks. The circuit limit of Adani Gas, Just Dial and Infibeam has been revised to 20% from 10%.
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