Motherson Sumi Subsidiary Acquires Majority Stake In Turkish Firm Plast Met Group moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Stocks in news: Wipro, IRCTC, Aster DM, Hero MotoCorp, IndusInd Bank, Future Enterprises, Jubilant FoodWorks
Stocks to watch today on December 17: Wipro, IRCTC, Aster DM, Hero MotoCorp, IndusInd Bank, Future Enterprises, Jubilant FoodWorks among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | December 17, 2020 | Updated 09:47 IST
Stocks to watch today on December 17
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments.
Wipro: Company completed acquisition of 83.4 percent equity stake in Chennai-based Encore Theme Technologies.
Telecom stocks: India s cabinet has approved auction of Rs 3.92 trillion worth of airwaves suitable for fourth-generation (4G) mobile networks in March after a gap of more than four years. The cabinet has pproved auction of spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands, f
Motherson Sumi share rises over 2% after Fitch Ratings revises outlook for subsidiary
Motherson Sumi share touched day s high of Rs 162.45, rising 3.64% against previous close of Rs 156.75 on BSE
BusinessToday.In | December 17, 2020 | Updated 16:18 IST
Motherson Sumi share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages
Motherson Sumi share hit a fresh 52-week high today after Fitch Ratings revised the outlook of its subsidiary to stable from negative. The stock touched day s high of Rs 162.45, rising 3.64% against previous close of Rs 156.75 on BSE.
Motherson Sumi share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 13.38% in one year and risen 9.86% in one year. In a month, the share has gained 23.37%.
From Hero MotoCorp to Navin Fluorine, These are the Stocks to Watch Out for Today
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Equity benchmarks Sensex and Nifty have been moving up for the last few days. On Wednesday, they raced to new peaks. The BSE Sensex ended 403.29 points higher to reach 46,666.46. On the other hand, NSE Nifty settled 114.85 points up to close at 13,682.70. Firms like HDFC, ONGC, Bharti Airtel, Titan, Asian Paints, Mahindra and Mahindra and TCS were among gainers, while the prominent laggards for the day were ICICI Bank, IndusInd Bank, NTPC, UltraTech Cement, Tech Mahindra and SBI.
Here are stocks which are expected to be in focus on Thursday, December 17:
Pressing the Pedal
A spate of acquisitions in the last five years has put Motherson Group among the 50 biggest automotive component firms globally. It is now eyeing a place in the top 10 by trebling revenues by 2025
Vivek Chaand Sehgal, Chairman and Co-Founder, Motherson Sumi Systems - Photograph by Chandradeep Kumar
In the aftermath of the global financial crisis triggered by the bankruptcy of Lehman Brothers, the world s largest rearview mirror maker, Visiocorp, found itself in dire straits in late 2008. It is then that nearly a dozen global automotive giants, including Daimler and Volkswagen, among others, chose to approach a hitherto unknown Indian parts maker, Motherson Sumi Systems, to bail the company out by acquiring it.