Select auto stocks in spotlight after monthly sales numbers

Hero MotoCorp recorded 0.61% growth in total sales to 5.51 lakh units in November 2015 over November 2014. The announcement was made after market hours yesterday, 1 December 2015.

Tata Motors recorded 7% decline in total sales of passenger and commercial vehicles (including exports) to 38,918 units in November 2015 over November 2014. The domestic sale of Tata commercial and passenger vehicles fell 6% to 35,345 units in November 2015 over November 2014. The company's sales from exports fell 17% to 3,573 units in November 2015 over November 2014. The announcement was made after market hours yesterday, 1 December 2015.

TVS Motor Company recorded 2.43% growth in total sales to 2.25 lakh units in November 2015 over November 2014. Incessant rains for the past three weeks in Chennai have had an adverse effect on the company's production in November 2015, TVS Motor Company said. The company suffered a loss of approximately 15,000 units due to the inclement weather, it said. The announcement was made after market hours yesterday, 1 December 2015.

Coal India announced after market hours yesterday, 1 December 2015, that the company and its subsidiaries achieved 96% of targeted production at 47.47 million tonnes in November 2015. The company achieved 98% of targeted offtake at 45.33 million tonnes in November 2014.

TCS yesterday, 1 December 2015 announced it has joined the Scaled Agile Partner program as a Gold Partner with Scaled Agile, Inc., whose founder, Dean Leffingwell, created the Scaled Agile Framework (SAFe) - a proven, publicly-accessible knowledge base for implementing agile practices at enterprise scale. The announcement was made after market hours yesterday, 1 December 2015. TCS' Agile Practice offers end-to-end enablement and transformation with offerings like readiness assessment, role-based training at the team, program and portfolio level, and coaching to make the transformation sustainable.

Shares of JSW Steel will be in focus. In a clarification issued after market hours yesterday, 1 December 2015. JSW Steel said that the company has learnt that decision has been pronounced by the US Court against its subsidiary. JSW Steel's subsidiary JSW Steel USA Inc. was contesting an appeal in the United States Court of Appeals for the fifth circuit. JSW Steel USA Inc., is disappointed with the decision by the US Court and respectfully disagrees with conclusions, JSW Steel said. JSW Steel is studying and analysing the judgement in detail and evaluating all options available to defend the company's position under the applicable laws, it added.

Wockhardt said that the company has undergone recently an inspection at its L1-Chikalthana, Aurangabad manufacturing facility by UK MHRA and have received a communication confirming the closure of the inspection and issuance of an unrestricted GMP certificate. The announcement was made after market hours yesterday, 1 December 2015.

IL&FS Engineering and Construction Company has informed BSE that the company has received a letter of acceptance (LoA) from Ministry of Road Transport and Highways (MoRTH) for a total value of Rs 675 crore for rehabilitation and upgradation to two lanes with paved shoulders configuration and strengthening of Birpur-Bihpur Section of NH-106 in the state of Bihar under Phase-I of NHDP. The project involves engineering, procurement, and construction (EPC) with a completion period of 36 months. The announcement was made after market hours yesterday, 1 December 2015

Indo Borax & Chemicals said after market hours yesterday, 1 December 2015 that the annual maintenance and the production capacity expansion has almost been completed. The trial run has started and the regular production is likely to commence from mid-December 2015, the company said.

Ashoka Buildcon said that the company's subsidiary Ashoka Concessions (ACL), has received balance / last tranche of investment of Rs 16 crore, from Macquarie SBI Infrastructure Investments Pte (MSIIPL) and SBI Macquarie Infrastructure Trust (SMIT). ACL has received total investment of Rs 800 crore as per shareholders agreement executed among the company, ACL, MSIIPL and SMIT in 2012. The announcement was made after market hours yesterday, 1 December 2015.

Powered by Capital Market - Live News