Stock Corner
1.
Shares of
Tata Power Company and Adani Power rallied up to 7% in intra-day trade on
Monday amid reports that the Gujarat government has decided to increase tariffs
of three coal-based power plants.
2.
Shares of
metal companies rallied in the morning deals on Monday after US and Chinese
leaders brokered a truce in their trade conflict, a relief for the global
economic outlook and a major boost for the emerging markets.
3.
Cadila Healthcare
received USFDA approval to sell Teriflunomide tablets.
4.
India’s
largest passenger vehicle manufacturer, Maruti Suzuki (India) reported better
than expected volumes in November 2018. Total volume (domestic + exports) came
in at 1,53,539; flat on yoy basis and up 5% on mom
5.
Tata Motors
sold 50,470 vehicles in November 2018 in the domestic market against 52,464
vehicles in November 2017 and 57,710 vehicles in October 2018.
6.
Biocon’s
jointly developed product “Fulphila” with Mylan has been granted marketing
authorisation from the European Commission.
7.
Monte Carlo
Fashion’s board approved buy back of 4.6% of equity paid-up share capital at
Rs550 per share, aggregating to Rs55cr.
8.
Indian Oil
Corporation to reduce Delhi’s non-subsidized LPG price by Rs133 per bottle from
December 1, as media reports.
Missed call
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