Buzzing stocks: Monsanto zooms, Trent slips, Amtek Auto up

India Infoline News Service | Mumbai | September 21, 2016, 14:58 IST

Check out the most important and latest stock news from NSE and BSE.

High angle view of two business executives working at the stock exchange
Welspun Corp Ltd is currently trading at Rs. 77.25, up by Rs. 2.95 or 3.97% from its previous closing of Rs. 74.3 on the BSE. The company announced that the Company's manufacturing unit at Anjar, Gujarat has been awarded with the following awards in the 27th Annual Convention on Quality Concepts organized by the Quality Circle Forum of India, Secunderabad (Vadodara Chapter).

Amtek Auto Ltd is currently trading at Rs. 44.55, up by Rs. 1.85 or 4.33% from its previous closing of Rs. 42.7 on the BSE.

Team Lease Services Ltd is currently trading at Rs. 1160.25, up by Rs. 61.15 or 5.56% from its previous closing of Rs. 1099.1 on the BSE. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Inox Leisure Ltd is currently trading at Rs. 272.5, up by Rs. 2.25 or 0.83% from its previous closing of Rs. 270.25 on the BSE. The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Shriram EPC Ltd is currently trading at Rs. 25.95, up by Rs. 2.75 or 11.85% from its previous closing of Rs. 23.2 on the BSE. The company announced that it has been awarded contract of over Rs.74 crore. The company received an order from Chennai Metropolitan Water Supply and Sewage Board for providing comprehensive water supply scheme in Chennai city.

Indoco Remedies rallied 3.2% after the company has acquired the manufacturing facility located at Baddi of Micro Labs Ltd., (a Bangalore based company)

Prestige Estates Projects gained 1.3%. The company is planning to raise at least $300 million, around Rs.2,000 crore, by selling up to 40% stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore, as per media reports.

Inox Leisure inched up 1%. The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Monsanto India zoomed 4%. German chemicals conglomerate Bayer made an open offer to buy 26% in Monsanto India as part of a global deal. Bayer is acquiring the U.S. based seed major Monsanto for $66 billion, as per media report.

Trent Ltd slipped 0.55%. Trent Ltd has informed BSE that the Company has redeemed 3,000 rated listed unsecured redeemable non - convertible debentures ("NCDs") of face value Rs.10 lakhs each at par on due date i.e. September 20, 2016. Total redemption amount was Rs.300 crore.

NBCC advanced 1% to Rs.254.50. NBCC (India) said that it has secured work orders amounting to about Rs.440 crore.

IRB Infrastructure Developers gained 1.1%. IRB Infrastructure said it has bagged a DBFOT road project for six-laning of 125 km long Kishangarh-Udaipur-Ahmedabad section in Rajasthan.

Vardhman Textiles Ltd climbed 6%. Vardhman Textiles will consider proposal to buy-back the fully paid-up equity shares of the company, as per media reports.

TeamLease Services Ltd zoomed 5%. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Adani Ports inched up 1%. Abbot Point Operations Pty Ltd (APO), the Australian subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB).

Kolte-Patil Developers Ltd slipped 1% to Rs.127. The company said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with Portman Holdings. 


***Note: This is a NSE Chart

 

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