Top 13 stocks that remained in focus in Wednesday’s trade: Mindtree, Crompton Greaves and more

The BSE Sensex rallied for sixth day in a row on account of buying in frontline blue chip counters amid firm European markets. Sensex climbed 134.73 points to end at 24,793.96, while Nifty reclaimed 7,500-mark, up 46.50 points at 7,531.80. Click here to see how stock markets performed

Below are the top 13 stocks that are in focus today

Mindtree: Shares of the IT company ended 11.56 per cent down at Rs 684.05 as it started trading ex-bonus. Ex-bonus is the day from which shareholders of the stock will not be entitled to get bonus shares. If you were holding the share prior to ex-bonus date you would get the bonus share.

Crompton Greaves: Stocks of the company closed 8.81 per cent up at Rs 151.85 after it informed the exchanges that it is selling overseas transmission & distribution (T&D) business to US-based private equity fund First Reserve International for 115 million euros.

Container Corporation of India: Stocks of the company closed 2.54 per cent down at Rs 1195.55 after government’s 5 per cent stake sale in the Container Corporation of India (Concor) got off to a healthy start, with the institutional investor portion getting oversubscribed within three hours of opening of trade.

Jaiprakash Associates: Strapped for cash, Jaiprakash Associates said on Tuesday it had missed an interest payment on $150 million worth of convertible bonds. In a filing to the exchanges, the Noida-based arm of the Jaypee Group said it has not paid interest, due semi-annually, on foreign currency convertible bonds (FCCBs) due on March 7, 2016. Later, the share price of the company ended the day 1.14 per cent up at Rs 7.98

YES Bank: Stocks of the private lender closed 3.81 per cent up at Rs 789.40 after FIPB approved its proposal to hike foreign investment limit to 74 per cent, from present 41 per cent– making it the first bank to get approval for hiking FDI limit after the new regulations were announced in November.

Cadilla Healthcare: Stocks of the pharma company ended 2.56 per cent up at Rs 344.10 after it received tentative nod from the US health regulator to market Clofarabine injection, used for treatment of cancer of the white blood cells, in the American market.

Jain Irrigation: Stocks of the company closed 1.30 per cent up at Rs 58.45 as Jain Irrigation Systems plans to raise nearly Rs 290 crore through issue of debentures to Mauritius-based Mandala Rose Co-Investment Ltd.

ONGC: ONGC Videsh, the overseas arm of country’s flagship explorer ONGC, is mulling to spend nearly $500 million to increase crude oil output from the Mansarovar project in Colombia. However, this investment would be subject to extension of the Nare contract. Stocks of the company settled the day 1.58 per cent up at Rs 205.10.

Maruti Suzuki: Shares of the automaker closed 4 per cent up at Rs 3600 after the launch of its much-awaited model ‘Vitara Brezza’ at an introductory price range of Rs 6.99 lakh and Rs 9.68 lakh (ex-showroom Delhi).

Monsanto India: Stocks of the company shares settled the day 1.90 per cent down at Rs 1606.60 as the government panel has recommended maximum retail price of cotton seed at Rs 800 per packet, including Rs 49 as royalty fee payable to technology providers, for the 2016-17 season.

Majesco: A global provider of core insurance software, consulting and services for insurance business transformation, has entered into strategic partnership with Business Agility whereby the latter has joined their partner ecosystem. Business Agility helps implements core insurance solutions that optimize businesses processes and remove inefficiencies in policy and claim business processes. Stocks of the company ended 1.67 per cent up at Rs 555.

Unichem Laboratories: Shares of the company closed 3.40 per cent up at Rs 231.00 after it informed BSE that it has received ANDA approval from the United States Food and Drug Administration (USFDA) for Quetiapine Fumarate Tablets. Quetiapine Fumarate Tablets 25mg, 50mg, 100mg, 200mg, 300mg and 400mg are therapeutically equivalent to Seroquel Tablets, 25mg, 50mg, 100mg, 200mg, 300mg and 400mg of AstraZeneca Pharmaceuticals LP.

Reliance Industries: Stocks of the company ended 1.44 per cent up at Rs 1041.95 after it would consider an interim dividend at board meeting on Thursday.