Top 5 stocks in focus on August 29: PTC India, SBI to Hero MotoCorp, here are the 5 newsmakers of the day
Domestic stock markets closed in the green on August 28, 2018, after hitting new highs. On the day, Sensex climbed 202.52 points and Nifty 50 saw a hike of 46.55 points before closing for the day. But there were certain stocks that came in the news after the market was closed for trading.
Domestic stock markets closed in the green on August 28, 2018, after hitting new highs. On the day, Sensex climbed 202.52 points and Nifty 50 saw a hike of 46.55 points before closing for the day. But there were certain stocks that came in the news after the market was closed for trading and can have an impact on it during the trading hours on August 29, 2018. Here is the list of five such stocks:
PTC India Financial Services Limited: The company will be post its financial results for the period ended on June 30, 2018.
State Bank of India (SBI): India's largest lender will sell 3.89 per cent stake in the National Stock Exchange of India Ltd. (NSE) as part of capital raising exercise. The lender in its filing to stock exchanges informed that the appropriate authority had accorded approval to explore and initiate the process of divestment up to 3.89% of the stake of SBI in NSE through the secondary sale. As of June-end 2018, SBI owned 5.19 per cent in NSE.
Retail Shares: Traders' body Confederation of All India Traders (CAIT) has filed a petition in Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's decision to approve Walmart-Flipkart deal. The traders' body in its appeal has requested to reverse the order of CCI.
Watch this Zee Business video here:
Insurance companies: The Insurance Regulatory and Development Authority (IRDA) has issued guidelines for longer tenure motor Third Party (TP) policy. The new policy will become effective from September 1, 2018.
Hero MotoCorp: The world's largest single two-wheeler manufacturer on Tuesday announced special benefits for its customers in Kerala. In its announcement, the company has said that it will not charge any fees towards the check-up and repair of Hero MotoCorp motorcycle and scooters in the state. In addition, the customers will be offered a discount of 30% on Hero genuine spare parts. The services will be made available across all Hero MotoCorp dealerships and authorised service centres in the state from August 28 to September 9, 2018.