Stock Corner
1.
Infosys
share price rallied on buying demand from investors after the stock adjusted
for bonus issue. The country's second largest IT services provider announced
the issue of bonus shares in the ratio of one equity share for every equity
share held and a stock dividend of one American Depositary Share (ADS) for
every ADS held, as on a record date. The record date for the same is fixed as
September 5, 2018.
2.
Tata
Consultancy Services (TCS), on Tuesday, managed to hit market capitalisation of
Rs 8 lakh crore again, following a huge surge in IT stocks. TCS stock hit a
fresh 52-week high of Rs 2,112.
3.
Shares of
Force Motors slipped nearly 4.7 percent after company reported weak sales
number for the month ended August 2018. The company's total August auto sales
declined 25 percent at 2,083 units against 2,779 units, YoY.
4.
Shares of
Hathway Cable and Datacom jumped 10 percent after company entered in to
partnership with Netflix to offer video streaming services to its subscribers.
5.
Shares of
Larsen & Toubro (L&T) Infotech surged 7% to Rs 1,888 on the BSE in
early morning trade on Tuesday after the company’s offer for sale (OFS) on
Monday got a strong response from the institutional investors.
6.
Shares of
Hikal hit a 52-week high of Rs 192, up 4% on Tuesday, extending its previous
day’s 15% surged on the National Stock Exchange (NSE), after investor Ashish
Kacholia bought nearly 2% stake in the pharmaceutical company via open market.
Missed call
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