1. Top 5 stocks that buzzed in today’s trade: Amtek Auto, Infosys and more

Top 5 stocks that buzzed in today’s trade: Amtek Auto, Infosys and more

Amtek Auto was trading firm on reports that the auto component maker is close to reaching a deal with JP Morgan Asset Management Company, which holds its non-convertible debentures worth Rs 200 crore. The share price of the company closed 8.62 per cent up at Rs 46.60.

By: | Updated: October 19, 2015 4:39 PM
Sensex and Nifty

Amtek Auto was trading firm on reports that the auto component maker is close to reaching a deal with JP Morgan Asset Management Company, which holds its non-convertible debentures worth Rs 200 crore. The share price of the company closed 8.62 per cent up at Rs 46.60. (Photo: PTI)

The BSE Sensex and NSE Nifty gained for a third consecutive trading session on Monday. Sensex jumped 150.32 points up to close at a two-month high of 27,364.92. Nifty gained 36.90 points to end at 8,275.05.

Below are some stocks which remained in news today

Amtek Auto: Amtek Auto was trading firm on reports that the auto component maker is close to reaching a deal with JP Morgan Asset Management Company, which holds its non-convertible debentures worth Rs 200 crore. The share price of the company closed 8.62 per cent up at Rs 46.60.

Ultratech Cement: Ultratech Cement on Monday reported its results for the second quarter ended September 30, 2015. The company reported 3.94 per cent fall in its standalone net profit at Rs 393.89 crore for the quarter ended September 30, 2015 as compared to Rs 410.05 crore for the same quarter in the previous year. On the consolidated basis, the company has reported 3.07 per cent rise in its net profit at Rs 426.97 crore for the quarter ended September 30, 2015 as compared to Rs 414.24 crore for the same quarter in the previous year. The share price of Ultratech Cement slid 1.76 per cent to Rs 2,903.

Reliance Industries: Reliance Industries (RIL) share price gained over 5 per cent on Monday after the company on Friday (post market hours) reported highest-ever quarterly net profit of Rs 6,720 crore for 3-month period ending September 30 on a spike in refinery and
petrochemicals margins.

HCL Technologies: The IT major announced its Q1 result on Monday before market hours. The company reported 16.52 per cent fall in its net profit at Rs 1,404.63 crore for the quarter ended September 30, 2015 as compared to Rs 1,682.56 crore for the same quarter in the previous year. The share price of HCL Tech closed 1.88 per cent up at Rs 857.15.

Infosys: Infosys share price jumped 1.69 per cent on Monday after the company announced a definitive agreement to acquire Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry. This acquisition was an all-cash deal, with an aggregate purchase consideration of $70 million. The transaction is expected to close before the end of the third quarter of FY 2016, subject to customary closing conditions.

 

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