Stocks in the news: Coal India, Lemon Tree, Prakash Industries, Tata Motors, Eicher Motors, MOIL, Muthoot Capital, SAIL

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Coal India: Coal India, which registered negative growth in production of the dry fuel for past few months, has posted over 7 per cent growth in December with 58 million tonne output, and offtake was up 1.9 percent, YoY

Lemon Tree Hotels: The company signed a license agreement for a 40 room upcoming Hotel at Rajpur Road, Dehradun under the brand ?Keys Prima?.

Prakash Industries: In the recent auction of Coal Linkages conducted by Coal India, Prakash Industries has secured allocation of long-term Coal Linkages of 1.69 lakh MT per annum for the next 5 years for its5 th Sponge Iron Kiln.

Tata Motors: Tata Motors December sales dropped 13.8% to 46,903 vehicles against 54,439 units during December 2018.

Eicher Motors: VECV December sales dipped 19.1% to 5,042 units against 6,236 units during December 2018.

MOIL: The Company has fixed/revised prices of different grades of manganese ore and other products, effective from 01.01.2020

Muthoot Capital Services: The Company on Wednesday said it has raised Rs 145.37 crore through securitisation.

Steel Authority of India Ltd (SAIL): On January 1 said it has recorded a 47 per cent rise in sales during December. “The company has achieved the highest-ever sales in a month during December 2019.

Dhanlaxmi Bank: CARE reaffirmed ratings of the unsecured, non-convertible, redeemable bonds issued by the bank.

Abans Enterprises: Company completed the acquisition of 100 percent equity stake in LifeSurge BioSciences for consideration in cash.

Sun TV, ZEEL: The Telecom Regulatory Authority of India (Trai) has released amendments to the New Tariff Order (NTO), in which it has directed cable operators to provide 200 channels for Rs 153. It has also reviewed the pricing of channel bouquets compared to a la carte ones.

Bajaj Steel Industries: CRISIL reaffirmed long-term rating on company’s bank loan facilities at BBB, but revised outlook to positive from stable.

Apollo Pipes: registers healthy volume growth of 16% in Q3 FY20

Source: Business Standard, Moneycontrol and Other Published Sources

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