Top 5 stocks in focus on October 17: Cochin Shipyard, Lakshmi Machine to Cox and Kings, here are the 5 newsmakers of the day
The markets traded in positive territory on October 16, 2018, before closing at higher levels. Nifty closed 72 points high while Sensex went up by 297 points.
The markets traded in positive territory on October 16, 2018, before closing at higher levels. Nifty closed 72 points high while Sensex went up by 297 points. But there were certain stocks that came in the news after the market was closed for trading and can have an impact when the market is opened for trading purposes on October 17, 2018. Here is the list of five such stocks:
Cochin Shipyard: The board of Cochin Shipyard has approved buyback of fully paid equity shares of Rs 10 each not exceeding 43,95,610 equity shares at a price of Rs 455 per share an amount of Rs 200 crore.
Lakshmi Machine Works: The company has informed BSE that its board of directors will be meeting on October 22, 2018, to consider and approve the proposal for buyback of the equity shares of the company.
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Lemon Tree Hotels: The hotel chain company has signed a license agreement for a 70-room property located near BKC, Mumbai, under the 'Lemon Tree Hotel' brand. The hotel is expected to be operational by June 2019. Carnation Hotel Private Ltd, the hotel management arm, will operate and market the hotel.
Federal-Mogul Goetze (India) Ltd: The company in its filling has said that its open offer for 25.02 per cent ( 13,916,676 fully paid up Equity Shares of a face value of INR 10 each) capital will be offered to the public at Rs 420.05 apiece by the America-based acquirer Tenneco.
Cox and Kings: Promoters of the company have acquired 31,800 shares on October 12.