Top 5 stocks in focus on October 3: Hero MotoCorp, Reliance Communications to Mphasis, here are the 5 newsmakers of the day
The S&P BSE Sensex and Nifty at the National Stock Exchange closed in the green on October 1. But there were certain stocks that came in news on the day after the market was closed for trade and can have an impact on October 3, 2018.
The S&P BSE Sensex and Nifty at the National Stock Exchange closed in the green on October 1. But there were certain stocks that came in news on the day after the market was closed for trade and can have an impact on October 3, 2018. Here is the list of five of such stocks:
Hero MotoCorp: The two-wheeler major Hero MotoCorp on Monday reported 6.72 per cent rise in total sales. With this rise, Hero turns up to be the first two-wheeler maker in the world to sell over 7.5 lakh units in a single month.
TVS Motor Company: The two-wheeler company on Monday reported an 18 per cent increase in total sales in the month of September. The company has sold 359,850 units in September 2017.
Reliance Communications: Ericson, the Swedish telecom equipment maker, has filed a contempt of court petition in the Supreme Court against Anil Ambani, chairman of Reliance Communications after his firm failed to pay Rs 550 crore by the deadline to settle its dispute over dues. However, RCom has said that it has asked for a 60-day extension to its September 30 deadline to pay Ericsson.
Dr Reddy's Laboratories: The Hyderabad-based pharmaceutical major has announced that its wholly-owned subsidiary Promius Pharma, LLC, has sold its rights of Cloderm (clocortolone pivalate) Cream, 0.1% and its authorised generic to EPI Health, LLC, an affiliate of EPI Group, LLC.
Mphasis Limited: The company has approved Rs 1,350 per share buyback of equity shares by the company and the redemption date for the purchase has been fixed on October 25.