Stocks in Focus on January 12: GAIL, Tata Motors, Thyrocare Technologies, Emami to Tata Communications; here are the 5 Newsmakers of the Day
The domestic equity benchmarks jumped to end near the day's high on Monday, January 11, 2021. The S&P BSE Sensex, jumped 486.81 points or 1% to 49,269.32. The Nifty 50, index gained 137.50 points or 0.96% to 14,484.75. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday
Supported by IT and auto shares, the domestic equity benchmarks jumped to end near the day's high on Monday, January 11, 2021. The S&P BSE Sensex, jumped 486.81 points or 1% to 49,269.32. The Nifty 50, index gained 137.50 points or 0.96% to 14,484.75. Both the indices attained record closing high levels. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, January 12, 2021. List of such five stocks:
GAIL (INDIA) LTD: Board Meeting to be held on January 15, 2021, to consider buyback of shares. Zee Business exclusively reported on November 20, 2020, that GAIL will bring a buyback and since then the stocks of the natural gas transmission company has appreciated almost 40%.
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Tata Motors: Retail sales of Jaguar Land Rover (JLR) for the quarter ending December 31, 2020, were 1,28,469 vehicles, 13.1% higher than the 1,13,569 vehicles sold in the preceding quarter, but down 9.0% on the same period last year. China sales were particularly encouraging, up 20.2% on the prior quarter and 19.1% year-on-year. Besides, the automaker said reports related to a deal with Tesla is just a rumour.
Thyrocare Technologies Ltd: The company on Monday announced that it has seen a significant business revival in Q3 of the current financial year after business activities resumed across all states. The non-COVID business, in particular, is showing growth after the end of the festive season. It said there is an increase in the volume of RT-PCR tests making us the most cost-effective service provider to the patients. It added that there is a revival of business coupled with aggressive marketing has enabled us to achieve about 34% YoY growth in the quarter.
Emami + Cummins
Emami: Mutual Funds have reduced stake in the company to 20.41% in the December quarter, from 22.14% in the September quarter. FIIs have increased shareholding to 9.62% from 8.95% in the same periods.
Cummins India: Mutual Funds have reduced stake in the company to 17.12% in December quarter, from 18.63% in the September quarter. LIC lowered its stake in the company to 6.12% from 6.74% in the same periods.
Tata Communications + Burger King
Tata Communications: Rekha Rakesh Jhunjhunwala has acquired 1.12% stake in the company during Q3FY21.
Burger King: Eastspring Investments India Consumer Equity Open sold 27.55 lakh shares at Rs 154.92 per share (Anchors to the issue). Chetan Shah bought 10 lakh shares at Rs 150 per share.
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