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Shares of automobile companies such as Tata Motors, Maruti Suzuki, M&M, Ashok Leyland and Escorts and two and three-wheeler companies Bajaj Auto, Hero MotoCorp and TVS Motor will remain in focus on Monday, as these companies will declare their sales numbers for November this weekend. Though most analysts expect only a muted growth from HCVs, a few two and three-wheelers could surprise marketmen with stellar numbers.
KFA, UB Engg, 19 others under trading ban
The NSE has suspended trading in stocks such as Kingfisher Airlines, UB Engineering and Varun Industries from December 1. Including these stocks, the BSE has suspended 18 more including Best & Crompton from December 1 for non-compliance of listing agreements. Fifteen days after the suspension, trading in these shares would be allowed under trade-for-trade basis on the first trading day of every week for six months.
Acquisition bodes well for Dalmia Bharat
Shares of Dalmia Bharat will remain in focus, as the company completed its acquisition of Bokaro Japyee Cement Ltd (BJC). On Friday, it bought 26 per cent stake of BJC from SAIL. Earlier it had purchased a 74 per cent stake from Jaiprakash Associates, making the aggregate enterprise value at Rs 1,150 crore. Cement analysts expect the acquisition of BJC to help Dalmia Bharat to reinforce its presence in Bihar and Jharkhand.
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