The BSE Sensex swung between gains and losses on Friday and finally settled the session in positive terrain on buying during the last leg of the trade. Sensex closed 59.93 points up at 23,709.15, while Nifty settled 19 points up at 7,210.75.
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Below are the 5 stocks that are in focus today
Fortis Healthcare: Shares of the company closed 11.72 per cent up at Rs 174.90. In a clarification to stock exchanges, Fortis Healthcare informed BSE that it is in the process of facilitating a third party exit for the existing private equity investors in SRL ltd. The process is on going and the company is in dialogue with number of investors who have expressed their keenness to participate in the said process.
Shriram EPC: Share price of the company closed 17.55 per cent up at Rs 28.80 after it bagged contracts worth over Rs 438.05 crore. The first order is for road contract worth Rs 301.05 crore has been bagged from the State of Chhattisgarh for executing road works of 50 km under the NHDP-IV on engineering, procurement and construction basis (EPC) to be completed over 24 months.
Punjab National Bank (PNB): Stocks of public sector bank closed closed 5.11 per cent at Rs 76.15 PNB said it is weighing the options of diluting stake in some of its subsidiaries and selling off real estate assets as part of efforts to raise capital.
Jet Airways: Stocks of the private carrier scrip ended 2.82 per cent up at Rs 557.50 after UAE-based Etihad Airways, which has 24% stake in Jet Airways, is likely to raise it to 49%, the maximum possible for foreign carriers to have in a domestic scheduled passenger airline.
State Bank of India: Shares of country’s largest lender ended 3.20 per cent up at Rs 164.65 after it raised Rs 3,000 crore from bonds to fund business growth.