1. Max India, Indian Hotels among 7 stocks that trended in Thursday’s trade

Max India, Indian Hotels among 7 stocks that trended in Thursday’s trade

Indian Hotels Ltd share price closed 2.39 per cent up at Rs 133 after it completed sale of Taj Boston hotel for $125 million (about Rs 839 crore) and will use the proceeds mainly to pare debt.

By: | Updated: July 14, 2016 5:38 PM
Stocks that remained in focus today Indian Hotels Ltd share price closed 2.39 per cent up at Rs 133 after it completed sale of Taj Boston hotel for 5 million (about Rs 839 crore) and will use the proceeds mainly to pare debt. (Photo: AP)

The BSE Sensex and NSE Nifty ended hiher on Thursday following Asian cues ahead of quarterly earnings. Sensex surged 126.93 points to close at 27,942.11, while NSE Nifty settled 45.50 points up at 8,565.

Tata Consultancy Services (TCS): Share price of the company ended 1.16 per cent up at Rs 2520.30 ahead of the IT major’s results. The company after market hours announced its quarterly results and reported better-than-estimated consolidated net profit of Rs 6,318 crore for the first quarter ended June 30, 2016 against Rs 6,347 crore in the sequential quarter ended March 31, 2016.

Reliance Industrial Infrastructure Limited: Stocks of the company ended 1.22 per cent down at Rs 436 after its standalone net profit declined by 32 per cent to Rs 3.02 crore in the three-month period ended June 30, 2016. Shares of the company were trading 1.18 per cent down at Rs 436.20 (9.21 am).

Max India: Shares of the company listed on the bourses after the demerger and hit the lower circuit by falling 5 per cent. The stock listed at Rs 195 and fell by 5 per cent from the opening price to touch a low of Rs 185.25, its lower circuit limit, on BSE. On NSE, it opened at Rs 180 and ended at Rs 171, down 5 per cent.

National Aluminium Company Limited (NALCO): Share price of the company ended 2.90 per cent up at Rs 49.65 after it was granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company’s 22,75,000-tonne lumina refinery is located.

Indian Hotels Ltd: Share price of the Tata Group hospitality major, which runs Taj Group of hotels closed 2.39 per cent up at Rs 133 after it completed sale of Taj Boston hotel for $125 million (about Rs 839 crore) and will use the proceeds mainly to pare debt.

Hexaware Technologies: The Financial Express has reported that majority stake is on sale. Baring Private Equity Asia is in talks with Hong Kong-based PCCW to sell a majority stake in the company. Stocks of the the company settled 1.81 per cent up at Rs 227.35.

Jewellery stocks: Stocks of jwellery-related companies like Tribhovandas Bhimji Zaveri, PC Jeweller, Titan Company, Thangamayil Jewellery, Tara Jewels, Shree Ganesh Jewellery House and Gitanjali Gems hogged limelight after government increased excise duty exemption limit for the small scale industry to Rs 10 crore from Rs 6 crore that could bring relief to gold jewellers. Shares of Tara Jewels ended 6.45 per cent up, while Shree Ganesh Jewellery House settled 6.43 per cent up[ on BSE. Tribhovandas Bhimji Zaveri rose by 2.47 per cent, PC Jeweller was up 2.83 per cent, Titan Company (2.61 per cent), Thangamayil Jewellery (1.88 per cent) and Gitanjali Gems (0.98 per cent).

  1. No Comments.

Go to Top