·
Tech Mahindra gains on robust Q3
earnings.
The
country’s fifth largest IT exporter reported profit at Rs 1,010 crore
during the quarter, a jump of over three times from Rs 321.5 crore during the
same quarter a year ago. This was higher than the Street expectation of Rs 662
crore. FII limit increased from present 45% to 48%.
·
PFC gains on Q3 numbers, interim
dividend.
Shares of PFC were up over after net profit for the quarter ended
December 2013 surged 37% to Rs 1,534 crore from Rs 1,117 crore in the corresponding
quarter last fiscal. Further, board of directors at its meeting held on
February 04, 2014, declared and approved the payment of interim dividend of Rs.
8.80/- per share on the face value of the paid-up equity shares of Rs. 10/-
each for the Financial Year 2013-14.
·
Tata Motors' stock up after
unveiling of two new models.
Shares of
Tata Motors gained after the auto major unveiled two new models which it plans
to start selling in the second half of the year. These two new products are
based on the company's enhanced X1 platform, on which the existing Vista and
Manza models are built.
·
Muthoot Finance firms up on plans
to set up WLATMs
Shares of Muthoot Finance were up over 2% at Rs 132 after the
Muthoot Group announced plans to set up white label automated teller machines
across the country. White Label ATMs (WLAs) are not
owned by banks but by private ATM service providers. Customers from any bank
can deposit or withdraw money from these; banks pay a service fee for the
usage.
·
Voltas shares up after Citigroup
upgrades to 'buy'
India's
Voltas Ltd shares gain 3 percent after Citi upgrades the stock to
"buy" from "sell" and raises its target to 128 rupees from
84 rupees, citing improvement at unitary cooling and engineering agency
divisions.
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