Stocks In The News: Maruti, Indoco, NTPC, Escorts, IGL, Godfrey Phillips, GMR, IOC - Dollar Advisory Financial Services

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Monday 3 April 2017

Stocks In The News: Maruti, Indoco, NTPC, Escorts, IGL, Godfrey Phillips, GMR, IOC

March auto sales

-M&M sales up 6 percent at 56,031 versus 52,718 units YoY

-Eicher Motors Royal Enfield sales up 17 percent at 60,113 versus 51,320 units YoY

-Tata Motors sales up 8 percent at 57,145 versus 53,057 units YoY

-SML Isuzu sales up 26.4 percent at 2,094 versus 1,656 units YoY

-Maruti Suzuki sales up 9.8 percent at 15.68 lakh versus 14.44 lakh units YoY

March tractor sales

-Escorts sales up 31 percent at 7,079 units versus 5,403 units

-M&M sales up 32 percent at 19,337 versus 14,682 units

JSW Steel

-Implements reorganisation plan to reduce cap reduction at Netherlands company

-Have taken steps to write-off loans given to US holding company

-Reorganisation plan entails liquidation of US holding company

Indoco Remedies

-Gets warning letter from US FDA for Goa unit

-US FDA accepted our response to 4 observations but concerned about 2

-2 observations that US FDA concerned about pertain to 1 specific product

-Company is a contract manufacturer for the product that US FDA is concerned about

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