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Tuesday, September 9, 2014

Equity TipsApollo Tyres at record high, to set up new plant in Hungary
Shares of Apollo Tyres is setting up a new plant in Hungary at an investment of Rs 3,450 crore and the investment aid given by the country's government has been cleared by European Commission.

Tyre stocks gain as weak rubber, oil prices to boost margins
Shares of tyre companies were up 1-3% as lower raw material costs on account of weak natural rubber and declining crude oil prices would boost margins going forward.

Shares of five new F&O entrants gain
Share prices of five new entrants to the future and options (F&O) segment gained. NSE through a circular said that F&O contracts on Eicher Motors, Motherson Sumi, SKS Microfinance, Mindtree and TVS Motor would be available starting September 10, 2014.

Indusind Bank expands presence across New Delhi
Indusind Bank Ltd has opened a new branch across New Delhi. The Bank plans to further strengthen its presence and customer reach in the country’s capital with more branches in the coming quarters.

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