Stock Market 04-March-2020

Stock Market 04-March-2020



Corporate News-



Raymond received sanction from NCLT Mumbai for the reorganization and consolidation of its FMCG Business.



Newgen Software Technologies received a patent for Mark Detection System and Methodology from the U.S. Patent Office.



HFCL: Received purchase order worth Rs 196 crore from L&T for the supply of optical fiber cables for construction of Telangana Fiber Grid.



Tech Mahindra: To sell its Netherland based subsidiary - Terra Payment Services (Netherland) BV –for an upfront payment of $9 million and a bonus payout of $13.8 million subject to certain conditions.



Management Speaks-



Confident of maintaining EBITDA/tonne of Rs850, Sanghi Industries.

Expect BS VI transition to hit demand,Bajaj Auto.