Stocks in news: Hyundai India, Vedanta, Adani Power, Tata Motors, Aurobindo Pharma

Markets traded in a narrow range and ended nearly flat on Friday. In today's trade, shares of Hyundai India, Vedanta, Adani Power, Tata Motors, Aurobindo Pharma among others will be in focus due to various news developments.

Britannia
Britannia expects half of its domestic sales to come from rural markets in the next 3 to 4 years.

Hyundai India
Hyundai Motor India has confirmed that it will pass the benefits of the GST reforms to the customers and announced considerable price cuts across passenger vehicle models

Adani Power
Adani Power announced that it has signed an agreement with the Bhutan government-owned Druk Green Power for developing a 570 MW hydroelectric project in Bhutan.

Vedanta
Mining conglomerate Vedanta in its winning bid for debt-laden Jaiprakash Associates Ltd (JAIL) has offered Rs 4,000 crore payment post approval by NCLT and the balance amount over the next 5-6 years.

Tata Motors
Tata Motors announced that it will pass on the entire benefit of the recent GST rate cut to its commercial vehicle customers.

Aurobindo Pharma
US FDA concludes inspection at company’s manufacturing unit at Bachupally, Telangana with 8 observations.

BPCL
A committee under the Ministry of Environment and Forest and Climate Change has accorded permission to BPCL to prepare terms of reference (ToR) for its proposed 9 million metric tons per annum (MMTPA) Greenfield Refinery and Petrochemical Complex in Andhra Pradesh.

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