Showing posts with label Stock To Buy and Sell. Show all posts
Showing posts with label Stock To Buy and Sell. Show all posts

Wednesday 3 January 2018

Reliance Industries completes USD 11 billion expansion plan


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India's private petrochemical major, Reliance Industries Limited (RIL) has successfully commissioned the refinery off-gas cracker (ROGC) complex built at Jamnagar, Gujarat. The company houses its integrated refining and petrochemicals production hub at Jamnagar. The ROGC complex is the world's largest ethylene crackers using residue off-gas to create feedstock for manufacturing downstream petrochemicals. The project cost the company US Dollar 11 billion in capital expenditure.

The refinery off-gas cracker complex has a unique configuration since it uses off-gases from Reliance’s two refineries at Jamnagar which will boost the operating income of the company.


Today’s Stock closing bell, the Shares of Reliance Industries quoted Rs. 916.95 per share, up 0.61%. The BSE-Sensex ended at 33,793.38, down 18.88 points while the NSE-Nifty-50 index rose 1 point to 10,443.20.  

PNB sells entire stake in Principal Financial Group JV

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Punjab National Bank (PNB) has sold its whole stake in the JV with Principal Financial Group to give full ownership of Principal PNB AMC and Principal Trustee Co. Pvt. Ltd in India. The Principal Financial Group would purchase PNB’s minority stakes in their joint ventures.  The agreement is depending on regulatory approval.

According to the website of PNB, the second largest public sector bank by market cap, it holds 21.38% in Principal PNB Asset Management Co. and 30% in Principal Trustee.

Principal PNB Asset Management Co. is the investment manager to Principal Mutual Fund.


Shares of PNB was trading at Rs.167.85 up 0.87% at NSE, mid-noon hours, Wednesday

Tuesday 2 January 2018

Maruti Suzuki, Tata Motors, Bajaj Auto ahead in December Auto Sales

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Year 2017 marked a significant move for auto sales, aided by the continued growth in the Auto sector by the sales figures of Dec 2017.  The primary reason for the growth on Y-o-Y basis was the effects of demonetization on Dec 2016.

India’s largest carmaker Maruti Suzuki India Limited clocked a 10.3% jump in sales for Dec driven by demand for its vans and compact cars. The car maker sold a little over 1.3 lakh units v/s to 1.17 lakh in the same month a year ago, as per the company’s exchange filing. Total domestic sales rose 12.1% to 1.19 lakh units while export sales fell 6.2% to 10,780 units.

Mahindra & Mahindra Limited’s (M&M) sales grew 8% percent to 39,200 vehicles in Dec 2017, led by strong demand for its commercial vehicles.

In the 2-wheeler segment, TVS Motors Limited reported a significant growth of 35% in total sales, in which exports surged to 55% during the period, whereas Eicher Motors Limited, reported 17% growth led by spike in demand for its two-wheelers, aided by stellar growth in their exports. 


Bajaj Auto sales grew by 30% in December on Y-o-Y basis, on account of strong exports. Sale of commercial vehicles rose 187% to 63,785 units compared to that a year ago. Sale of motorcycles also grew 13%. Motorcycle sales within India grew only 6% while two-wheeler exports rose 20%

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