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Stocks in news: Tata Motors, Axis Bank and more

With the markets rising 254 points at close on the Fed's decision, here are the five stocks that were in news today.

BT Online   New Delhi     Last Updated: September 18, 2015  | 16:18 IST
Stocks in news: Tata Motors, Axis Bank and more
Photo: Reuters

The US Federal Reserve on late Thursday night announced no change in key interest rates on global economy worries. With the markets rising 254 points at close on the Fed's decision, here are the five stocks that were in news today:

  1. Power Grid Corporation of India: State-run utility Power Grid on Thursday said its shareholders have approved a proposal to raise up to Rs 14,000 crore through issuance of bonds from domestic and external sources in 2016-17. Its shares rose 2.10 per cent to close at Rs 133.80 apiece on Friday.
  2. Tata Motors: Tata Steel on Friday sold 1.33 per cent stake in group firm Tata Motors to institutional investors for Rs 1,250.69 crore. The company said it will also sell similar stake in Tata Motors to its promoter firm Tata Sons for an amount not exceeding Rs 1,250 crore as part of portfolio restructuring. The company sold 3.85 crore shares of Tata Motors to institutional investors over the stock exchange for a total consideration of Rs 1,250.69 crore, Tata Steel said in a BSE filing. Tata Motors shares fell 2.81 per cent to close at Rs 328.40 apiece on Friday.
  3. Axis Bank: The country's third largest private banks' shares rose 5.14 per cent to close at Rs 519.50 apiece on Friday on report that the government is considering increasing the foreign direct investment (FDI) limit in private banks to 100 per cent, from the existing 74 per cent.
  4. Granules India: Drug maker Granules India has received approval from the US health regulator to market generic Ibuprofen tablets - used to treat fever, pain or inflammation -- in the American market. The Hyderabad-based company said US Food and Drug Administration (USFDA) has approved its abbreviated new drug applications (ANDA) for Ibuprofen tablets in strengths of 400 mg, 600 mg, and 800 mg. Its shares rose 5.03 per cent to close at Rs 121.20 apiece on Friday.
  5. DLF:Realty major DLF on Wednesday said its shopping mall in Noida, touted as one of the biggest in the country and built at an investment of Rs 1,100 crore, will be opened in November. DLF is expecting Rs 200 crore rental income per year from this mall, which has a leasable area of about 2 million sq ft. Its shares rose 1.33 per cent to close at Rs 125.25 apiece on Friday.

     

     


 

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