Quick Review - Stocks In Action For 8th July 2013
DSIJ Intelligence / 08 Jul 2013
A snappy review of how three of our stock recommendations for the day, Reliance Communications, Tata Motors and Fresenius Kabi Oncology are currently faring on the bourses.
We had given our readers a heads-up this morning about Reliance Communications gaining based on the news that the company is spinning off its real estate business to a separate entity. Sure enough, the stock has seen good appreciation even as the markets are in the red. At this juncture, Reliance Communications (BSE Code: 532712) is trading at Rs 147 (+8.60%).
With regard to Tata Motors, as we had anticipated, the markets have reacted negatively to news that the Jaguar Land Rover production line in the UK may grind to a halt after a call for a strike. Tata Motors (BSE Code: 500570) is currently trading at Rs 283 (-4.20%).
In line with our morning update, Fresenius Kabi Oncology (BSE Code: 532545) opened 3% lower this morning based on the US FDA's warning letter with regard to manufacturing processes at its API plant in West Bengal. At this juncture, the stock is trading flat at Rs 106.
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