5 stocks that made news today: Amtek Auto, Elder Pharma and more
With the Sensex closing in the red on anxiety ahead of IIP and inflation data, here are the five stocks that made news today.
BT Online New Delhi Last Updated: September 11, 2015 | 16:33 IST
With the Sensex closing in the red on anxiety ahead of IIP and inflation data, here are the five stocks that made news today:
Amtek Auto: Its shares zoomed as much as 80 per cent in a day on a media report that the company was looking to sell its stake in foreign business to pare debt. Moreover, the company announcement to allot Rs 75 crore worth of equity shares to the promoters on preferential basis also sent the share price spiraling up. The shares of the company closed 53.62 per cent up at Rs 46.70 apiece.
Elder Pharmaceuticals: Shares of Elder Pharmaceuticals rallied as much as 20 per cent on Friday on media reports that the healthcare firm may sell its assets to reduce its debts. The drugmaker on September 5 had said that it is facing severe financial crunch. The shares of the company closed at Rs 100.80 apiece.
Infosys: The company will become the Global Technology Services Partner and Platinum Sponsor of the ATP World Tour, Infosys said in a statement. Its shares closed 0.96 per cent up at Rs 1090.70 apiece on Friday.
Larsen & Toubro: Diversified group Larsen & Toubro (L&T) has received shareholders' approval for raising about Rs 9,600 crore through issuance of various securities, including equity shares and convertible bonds. This was among the various proposals approved by the shareholders during the company's annual general meeting held on September 9. Its shares closed 0.87 per cent down at Rs 1599.15 apiece on Friday.
United Bank of India: Sebi on Thursday imposed Rs 2 lakh penalty on state-run United Bank of India (UBI) for violating norms related to debenture trustees. An inspection of UBI's books of accounts, for the period 1992-2013, certain deficiencies in its functioning as debenture trustee, Sebi said in an order. Its shares closed at Rs 20.80 apiece on Friday.