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Get to know which five stocks are doing well in markets today!

Get to know which five stocks are doing well in markets today!
Stock Market1 min read


SKS MICROFINANCE LTD: Top microfinance lender rose 1.3 percent to 396.80 rupees after it slashed its borrowing rates for customers to 20.75 percent from 22 percent earlier. This is the third cut since October 2014.

MOTHERSON SUMI SYSTEM LTD.: Top auto ancillary maker jumped 3 percent to 248.65 rupees after the company management assuaged investors fears on the possible fallout of Volkswagen's problems with US transport regulators on its emission-related issues. Volkswagen is among Motherson Sumi's major customers in Europe.

DISHMAN PHARMACEUTICALS LTD.: Gained 16.5 percent to 307.80 rupees after the drugs major got a license to manufacture a drug aimed at curing Tuberculosis from a unit of Johnson & Johnson.

STERLITE TECHNOLOGIES LTD.: Rose 3 percent to 83 rupees after the company said it acquired an overseas firm for 180 crore rupees, an amount that would be funded through internal accruals.

AMTEK AUTO LTD.: The debt-laden company rose 1.2 percent to 46.55 rupees on news reports that banks were in the process of restructuring some of its enormous debt pile in a bid to kickstart interest payments from the auto ancillary major

IDBI LTD.: Mid-sized Public sector lender jumped 11 percent to 74.35 rupees, its fourth day of gains, on persistent market expectations that the government will take steps to re-organize its majority control in the bank's equity capital in a manner that will make the lender more flexible in terms of conducting business.

Image credit: Indiatimes

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