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The shares of Hindustan Motors are soaring. Know why!

The shares of Hindustan Motors are soaring. Know why!
Here are some shares that are buzzing in trade on Tuesday.

AMTEK AUTO LTD: The auto ancillary player plunged 11 percent to 46.35 rupees and was the top loser in the futures and options space after the debt-laden company defaulted on an interest-cum-bond payment of 800 crore rupees.

MOTHERSON SUMI LTD: India's top auto ancillary giant fell 7.1 percent to 244 rupees on news that one of its clients -- Volkswagen -- was caught cheating on US emission tests for a period of between 2008 to 2015.

MMTC LTD: The trading company rose 2.5 percent to 43.25 rupees after the company said it would sell 10 percent of equity held in ICEX to two bidders in a bid to pare its stake down to from 26 percent in the exchange.

ULTRATECH CEMENT: The top cement maker fell 93 rupees to 2,813 rupees. The company informed the exchange that it had commissioned a 1.6 million ton per annum grinding unit in Haryana.

HINDUSTAN MOTORS: The car maker surged 3.3 percent to 7.26 rupees on news reports the company may sell a part of its land holdings to overcome its overdue liabilities.

SEAMEC LTD: The ancillary services provider to the Energy sector rose 1.5 percent to 117 rupees after it informed the exchanges of its intention to buy back up to 84.75 lakh shares at 125 rupees each.

Image credit: Indiatimes


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