Date: |
09-10-2015
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Subject: |
Stocks that made news today: Rajesh Exports, Tata Steel and more
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Domestic equity markets snapped six-day winning streak on Thursday on the back of profit booking and weak rupee. Sensex closed 190.04 points down at 26,845.81 while Nifty lost 48.05 points at 8,129.35.
Below are some stocks that remained in news today:
Tribhovandas Bhimji Zaveri: Shares of Tribhovandas Bhimji Zaveri jumped as much as 17 per cent intraday on Thursday after the company informed BSE that it has tied up with Snapdeal, India’s leading online marketplace, to offer consumers TBZ – The Original’s diamond jewellery and gold coins on Snapdeal’s online marketplace. The scrip closed 9.59 per cent up at Rs 134.80 on BSE.
MAN Industries: MAN Industries shares climbed over 5 per cent on Thursday after the company informed BSE on Wednesday post market hours that it has received orders worth approximately Rs 700 crore from international and domestic customers for supply of pipes for Oil, Gas and Water sector projects. The share price settled the day at Rs 109.80.
Tata Steel: Shares of Tata Steel rose by 1.56 per cent on Thursday after the company said its UK arm has concluded the actuarial valuation of British Steel Pension Scheme (BSPS) and the deficit in the scheme has reduced to 90 million pound (around $138 million) as on March 31, 2014.
Rajesh Exports: Rajesh Exports shares gained 1.96 per cent on Thursday after the company informed BSE that it has bagged an export order worth Rs 1,360 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is to be completed by 31 January 2016. Execution of this order will significantly add to the bottom line of the company. Sensex was down 180 points at 26,855.
Reliance Infrastructure: Anil Ambani-led Reliance Infrastructure will sell its cement business as part of plans to cut debt through sale of non-core assets. As many as 10 global companies have been sounded for 100 per cent stake of Reliance Cement, a wholly owned subsidiary of Reliance Infrastructure, sources privy to the development said. The share price of Reliance Infrastructure closed 0.10 per cent down at Rs 365.10.
source:- financialexpress.com