Stock Corner
1.
Shares of
Maruti Suzuki India and Bajaj Auto were quoting higher for the third straight trading
day after these companies delivered a healthy volume performance in June’18 on
lower year on year (YoY) base led by pre Goods and Services Tax (GST)-led
disruptions.
2.
Shriram
Transport Finance has tanked 18% on concerns of a possible default in payment
of interest on its non-convertible debentures (NCDs). The management, however,
has clarified regarding the issue.
3.
Shares of
Kwality hit an over four-year low, locking in the lower circuit of 5%, after
the company said its board has deferred the proposed share buyback and bonus
issue.
4.
Shares of
Gas Authority of India or GAIL have recovered 12 per cent in the past few
weeks, after falling almost 20 per cent from December highs, as concerns over
its profitability are easing. Moreover, with its other business segments doing
well and valuations now favourable, analysts see more gains for the stock.
5.
MEP
Infrastructure Developers gains in an early trades after signing a concession
agreement for four projects with the National Highways Authority of India (NHAI).
Missed call
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