Today's Stock View – 02.01.2019
* ASHOKA BUILDCON: Subsidiary Ashoka Bagewadi Saundatti Road has received a provisional
completion certificate for its road project in Karnataka.
* BANK OF MAHARASHTRA: The bank's board will meet on Friday to consider a proposal to raise
equity capital of up to 44.98 bln rupees through preferential allotment of shares to the central
government.
* COAL INDIA: According to provisional figures, the company's production fell 0.9% on year to
54.13 mln tn in December and dispatches were down 1.2% on year at 52.77 mln tn.
Has fulfilled its supply quota to almost all thermal power plants for Apr-Dec, but stocks at some 36
plants are down to last between zero to three days due to increased thermal power demand.
* EICHER MOTORS: Sales of the company's motorcycles in December fell 13% on year to 58,278
units.
* ICICI SECURITIES: Shapoorji Pallonji Group has hired the company to take its solar engineering,
procurement and construction business public.
* IL&FS TRANSPORTATION NETWORKS: The National Company Law Tribunal has allowed the
government's plea to re-open and re-cast the financial accounts of Infrastructure Leasing &
Financial Services, IL&FS Financial Services, and the company for the last five years.
* JET AIRWAYS INDIA: Delayed payment of interest, principal to Indian banks, led by STATE BANK OF INDIA, due on Dec 31 due to temporary cashflow mismatch.
* JINDAL STEEL & POWER: Has named Naushad Akhter Ansari as the joint managing director of the company with immediate effect.
* JK CEMENT: SBI Mutual Fund under its various schemes has acquired 3.59 mln shares or 4.65%
stake in the company through a qualified institutional placement issue.
* MAHINDRA & MAHINDRA: Total sales in December fell 0.9% on year to 57,159 units, led by a 6% drop in tractor sales.
* NATCO PHARMA: Is now turning its focus on Brazil, Canada, and China to fuel growth and also
de-risk business model.
* NMDC: The board will meet on Jan 8 to consider a proposal to buy back shares.
* TATA MOTORS: Total domestic vehicle sales fell 8% on year to 50,440 units in December, the
company said, adding that the decline was due to a liquidity crisis, higher interest rates, and a rise
in fuel costs.
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