The BSE Sensex and NSE Nifty fell for the third consecutive trading session on Wednesday. Sensex closed 66.87 points down at 26,779 while Nifty closed 23.80 points down at 8,107.90.
In the 50-share index, Hindalco, ACC, Lupin, Reliance and HDFC gained between 1.15 per cent and 2.85 per cent. On the other hand, TCS, Cairn India, ZEEL, HUL and Tech Mahindra slid between 2.50 per cent and 4.55 per cent.
Here are five stocks that buzzed in today’s trade:
TTK Prestige: Shares of TTK Prestige jumped 11.99 per cent to Rs 4,280 per share on BSE after the announcement of Q2 results. The company reported 21.66 per cent rise in its net profit at Rs 34.04 crore for the quarter ended September 30, 2015 as compared to Rs 27.98 crore for the same quarter in the previous year.
Hindustan Unilever: Hindustan Unilever, India’s largest consumer goods company, on Wednesday reported a 2.6 per cent fall in second-quarter profit, missing analysts’ expectations, as it cut prices. For the quarter (Q2) ended September 30, 2015, HUL reported net profit of Rs 962.24 crore, down 2.62 per cent, against Rs 988.10 crore in the corresponding quarter a year ago. HUL shares were down 1.12 per cent at Rs 803.30. However, net sales of the company jumped 4.70 per cent year-on-year to Rs 7,819.64 crore. The company declared an Interim Dividend of Rs 6.50 per equity share of face value of Re 1 each for the financial year ending March 31, 2016. The dividend will be paid to shareholders on or after November 02, 2015.
Analysts on average were expecting a profit of Rs 1043 crore according to Thomson Reuters data.
Goa Carbon: The share price of Goa Carbon tanked around 7 per cent post Q2 numbers. For the quarter ended September 2015, the company posted net loss of Rs 2.96 crore against net loss of Rs 85.33 lakh in the corresponding quarter a year ago. The BSE Smallcap index was up 0.44 per cent at 11,446. BSE Midcap index was down 0.19 per cent at 10,936.
Tata Consultancy Services (TCS): Shares of TCS, country’s largest software services firm, dropped by 4.39 per cent to Rs 2,483.40 despite reporting a 16 per cent surge in net profit to Rs 6,084.66 crore for the quarter ended September 30.
Bharat Forge: Bharat Forge shares slid over 4.5 per cent on Wednesday after a global brokerage house CLSA downgraded the stock from ‘buy’ to ‘sell’.