Wednesday 5 December 2018

Stock Market Corner

Stock Corner
1.                   Uflex shares rallied 6.5 percent intraday Tuesday on receiving patent from the United States for BOPET film.


2.                   Ramco System shares climbed 4.4 percent intraday after the company joined hands with KPMG Malaysia to offer HR & payroll business platform as a service (BPaaS).
3.                   Auto major Tata Motors is planning a large-scale overhaul of its sales network across the country over the next one year as it prepares to bring in new products, including premium SUV Harrier
4.                   IDBI Bank said government will not participate in LIC's open offer to acquire 51 percent stake in the bank. LIC's open offer to purchase 26 percent shares of IDBI Bank opened on December 3 and will close on December 14.
5.                   Shares of Kesoram Industries has moved higher by 8% to Rs 99, extending its past three weeks rally on the BSE after media report suggest that the company may demerge its loss-making tyre unit by the end of December.
6.                   Shares of Info Edge (India), owner of one of the leading job portals naukri.com, were trading higher for the seventh straight trading day on Tuesday. The stock was up 5% to Rs 1,695 on the BSE in early morning trade in an otherwise subdued market.

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