Tuesday, 3 June 2014
·
Zee Entertainment up 6.5%, RBI
allows 100% FII investment
Shares of Zee
Entertainment Enterprises gained as much as 6.5 percent after the Reserve Bank
of India allowed 100 percent investment by foreign institutional investors.
·
Metal shares gain after positive
China signals
Metal shares
such as JSW steel, Jindal steel, Tata steel firmed up on hopes of improvement
in export demand after encouraging manufacturing data from China which recorded
its fastest growth in May. China's official PMI of manufacturing activity in
May was up at 50.8, a five-month high, compared with 50.4 in March.
·
Eicher Motors jumps after robust
motorcycle sales in May
Eicher
Motors jumped 4.39% after the company reported 86% rise in total motorcycle
sales to 25,011 units in May 2014 over May 2013.
·
Cox & Kings sells camping
business for Rs 892 crore
Cox &
Kings has exited the camping business in Europe, selling the segment held by
its subsidiary to French travel company Homair Vacances for about Rs 892 crore.
Cox & Kings said it would use the proceeds to retire a portion
of its Rs 4,200 crore debt before maturity.
