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Stocks that made news today: DLF, Tata Motors and more

Realty major DLF entered into a joint venture with Singapore wealth fund GIC to invest in two projects in Central Delhi. Reacting to this, shares of the company closed at Rs 109.60 apiece, 3.40 per cent higher from previous close.

BT Online | September 2, 2015 | Updated 19:05 IST
stocks to watch out for today: Tata Motors, Punj Lloyd, Coal India and more
Photo: Reuters

The benchmark Bombay Stock Exchange (BSE) Sensex closed 242.88 points lower at 25453.56 on negative global cues. On similar lines, the broader Nifty of National Stock Exchange (NSE) also closed 68.85 points lower at 7717 on Wednesday.

Below are the key stocks that made news today:

  • DLF: The realty major said it has entered into a joint venture (JV) with Singapore's GIC to invest in two upcoming projects located in Central Delhi. Shares of the company closed at Rs 109.60 apiece, 3.40 per cent higher from previous close.
  • Tata Motors: Tata Motors' sales growth remained flat at 40,680 units in August compared to 40,883 vehicles in the same month last year. Domestic sales of Tata Motors' commercial and passenger vehicles declined by 3 per cent at 35,478 units during the month as against 36,403 units sold in August, 2014. Shares of the company closed 1.29 per cent lower at Rs 325.35 per share.
  • Punj Lloyd: Looking to tap opportunities in defence sector, diversified group Punj Lloyd  announced that it is planning to expand its Gwalior facility and will also explore setting up manufacturing units in various states with an investment kitty of up to Rs 2,000 crore. Shares of the firm ended at Rs 25.00 apiece, up 1.38 per cent.
  • Coal India: State-owned Coal India (CIL) recorded an output of 36.21 million tonnes (MT) in August, missing the target by 3.82 per cent. The company's production target for August was 37.65 million tonnes, it said in a regulatory filing.Shares closed at Rs 344.50,  3.07 per cent lower on BSE.
  • TVS Motor: TVS Motor reported a marginal increase in two-wheeler sales during the month of August at 216,781 units as compared to 215,244 units, a year ago.

 

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