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Auto stocks will be in spotlight after November sales data

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said its sales fell 0.7% to 153,539 units in November 2018 over November 2017. The announcement was made on Saturday, 1 December 2018.

said its sales rose 0.82% to 610,252 units in November 2018 over November 2017. The announcement was made on Saturday, 1 December 2018.

(M&M) said its auto sales rose 17% to 45,101 units in November 2018 over November 2017. The announcement was made on Saturday, 1 December 2018.

reported a drop in November sales. The sales performance of commercial and passenger vehicles in the domestic market, for the first time witnessed a drop of 4% at 50,470 units in November 2018 as against 52,464 units in November 2017, due to low consumer sentiments as a result of liquidity crisis in the industry, higher interest rates and rising fuel costs. The company said it will continue to focus on aggressive sales enhancement and provide better service to its customers in these challenging times. The announcement was made on Saturday, 1 December 2018.

Aviation stocks will be watched after companies (OMCs) on Saturday, 1 December 2018, reduced the aviation turbine fuel (ATF), or jet fuel, prices by 10.90% in New Accordingly, jet fuel prices have been cut by 8,327.83 in and now sells at 68,050.97 per kilolitre. Prices vary with airports depending on local taxes. Jet fuel per kilolitre now costs 73,393.55 in Kolkata, Rs 67,979.58 in and Rs 69,216.61 in Chennai. The three OMCs revise the jet fuel prices on the first of every month. could benefit aviation firms as jet fuel prices, which typically constitute about 50% of airlines' operating costs, are directly linked to international Jet fuel prices tend to fall with slide in

will be watched. Fulphila, a biosimilar Pegfilgrastim jointly developed by and Mylan, has been approved in The has granted marketing authorization for Fulphila to Biocon's partner The European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) had issued a positive opinion recommending approval of Fulphila as a biosimilar to Amgen's Neulasta, which is indicated for the reduction in the duration of neutropenia and the incidence of febrile neutropenia in adult patients treated with cytotoxic for malignancy, in September 2018. Biosimilar Pegfilgrastim treatment can be used to stimulate bone marrow to produce more neutrophils to fight infection in patients undergoing The announcement was made after market hours on Friday, 30 November 2018.

Monte Carlo Fashions announced that its board approved a buyback of upto 10 lakh equity shares, representing 4.60% equity, at a maximum price of Rs 550 per share. Further, the board has appointed as of the Company with effect from 1 December 2018. The announcement was made after market hours on Friday, 30 November 2018.

announced that vide his letter dated 30 November 2018, has resigned from the position of and services of the company to pursue other professional opportunities. However, he would be serving notice period as per his terms of appointment. The announcement was made after market hours on Friday, 30 November 2018.

said it entered into a 50-50 joint venture with South Korea's The joint venture is being established for and selling interior and exterior parts, plastic moulded parts and accessories for the passenger and utility vehicles segment in a phased manner. The joint venture will introduce light-to-ultra-light, illuminated sliding sun visors and manufacture cargo screens used in SUVs and MUVs and also offer customized black out tapes and for automobile exterior protection and aesthetics. The announcement was made on Saturday, 1 December 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 08:21 IST
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