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Stocks in news: Mukta Arts, Tata Motors, Thomas Cook

See the top 5 stock picks and their movement in Monday's trade.

BT Online Bureau   New Delhi     Last Updated: August 21, 2015  | 07:38 IST
Stocks in news: Mukta Arts, Tata Motors, Thomas Cook
Photo: Reuters

The following stocks were in focus in Monday's trade:

Tata Motors Ltd: Tata Motors stock closed 1.71 per cent down at Rs 385.85 apiece on Monday. The company reported a steep fall in its consolidated net profit for the quarter ended June as volume sales of Jaguar Land Rover fell by one-third in its biggest market China due to a slowdown.

Mukta Arts Ltd
The stock of the company rose by 20 per cent to close at Rs 41.10 apiece on Monday. The world's largest contract manufacturer of electronic gadgets Foxconn Technology may pick up a stake either in listed Mukta Arts or one of its arms, as the Taiwanese firm seeks to branch out beyond its established forte of hardware products.

Thomas Cook :
The scrip of the firm fell by 1.34 per cent to close at Rs 217.20 apiece on Monday. Backed by billionaire investor Prem Watsa's Fairfax Financial Holdings, the company has acquired Swiss tourism major Kuoni's travel business in India and Hong Kong for Rs 535 crore. Post the acquisition, both India and Hong Kong travel businesses will become subsidiaries of Thomas Cook and would function independently.

NMDC: The shares of the company rose by 0.24 per cent to close at Rs 104.30 apiece on Monday. The country's top iron ore miner may soon secure 3,000-acre land in Jharkhand's West Singhbhum district for its proposed 6 million tonne steel plant.

NALCO: The shares of the company fell by 0.78 per cent to close at Rs 38.20 apiece on Monday. The company is looking to set up a $2.6 billion aluminium complex in Iran and is keen to partner with power suppliers in Iran for a 1 million tonnes per annum  Aluminium Smelter.

 

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