TOP FIVE CORPORATE NEWS
·
Dec WPI inflation eases to 5-month
low 6.16%.
The
WPI-based inflation cooled-off to 6.16 percent in December aided by lower
vegetable prices. The benchmark inflation yardstick fell to a five-month low
from a 14-month high of 7.52 percent witnessed in November and 7.31 percent
seen in the corresponding month of the previous year. But higher core inflation
remains a worry.
·
TCS gains on expectation of robust
Q3 earnings
Shares of Tata Consultancy Services were up 1.5% at Rs 2,363,
after hitting an intra-day high of Rs 2,377 on the BSE, on expectation of
robust earnings for the third quarter ended December 2013 which are scheduled
for release after market hours tomorrow.
·
Liberty Shoes dips on profit
taking post Q3 results.
Shares of
Liberty Shoes were down 3% at Rs 151 on profit booking after the stock
witnessed sharp gains since end-December on expectation of robust third quarter
earnings. The stock gained over 8% from Rs 143 levels since December 30,2013
ahead of its third quarter earnings announcement.
·
Coal India gains on special dividend
of Rs 29/share
Shares of Coal India were up 2% at Rs 296 after the board late
Tuesday approved a special dividend for the current financial year, which would
fetch Rs 16485.71 crore to government exchequer and help meet its disinvestment
target of Rs 40,000 crore..
·
DEN Networks gains post block deal
Shares of
DEN Networks were up over 3% at Rs 157 after a block deal on the National Stock
Exchange in early trades today. The stock opened at Rs 152.90 on the
National Stock Exchange and touched an intra-day high of Rs 159.90 so far.
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