Wednesday, 4 July 2018

Stock Market Corner

Stock Corner

1.                   Maruti Suzuki share price rallied 1.9 percent after global brokerage house JPMorgan has maintained overweight call on the stock with a target price at Rs 10,200 per share.



2.                   Aban Offshore bags order from ONGC, The company informed exchanges that its step-down subsidiary Aban Singapore Pte Ltd has received a letter of award from Oil and Natural Gas Corporation. The order is for deployment of jack-up rig deep driller 8 for a firm period of 2 years.
3.                   Shares of Ashoka Buildcon gained as much as 2.6 percent in the afternoon trade after receiving arbitration award related to Rajasthan project.
4.                   Aurobindo Pharma has received USFDA approval for Ibuprofen OTC capsules. It is a painkiller drug.
5.                   Shree Renuka Sugars' director resigns: Sanjay Asher, non-executive independent director has resigned from the directorship of company with effect from end of day on July 2, 2018.
6.                   Syndicate Bank clarified that credit facility given to DS Kulkarni was in compliance with RBI guidelines.
7.                   ITC and Ballarpur Industries clarify that no negotiations have taken place for ITC acquiring BILT’s Telengana unit.


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