Smooth Ride

Maruti Suzuki zoomed 9% and Hero Honda surged 5% on the back of robust sales growth in August

Gainers: Maruti Suzuki India gained 9% on the back of a 42% surge in car sales in August over the same month last year. It also plans to double its exports this fiscal year to 1.5 lakh units and is looking to add the CNG option on more small cars. Educomp Solutions and Infosys Technologies gained 7%...

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New Look

Dhanalakshmi Bank zoomed 17% on the back of a brand revamp plan

Gainers:
Dhanalakshmi Bank (up 17%) plans a brand transformation initiative which will include changing the logo and related branding treatment. The Bank has hired London-based Fitch for the rollout of a new brand identity and retail design. Wipro (up 8%) has won a new outsourcing contract estimated to be worth around $100...

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Ml Sectoral Trends

Oil & gas services soared, despite sluggishness in the price of crude oil. Education, office equipment and real estate also gained smartly. Healthcare was the worst performer, followed by oil & gas. Steel ended flat, despite signs of a revival in demand.

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