The BSE Sensex and NSE Nifty closed higher firms reliant on consumer demand, such as cigarette maker ITC, advanced on data showing the economy grew faster than expected in the March quarter. Sensex closed 45.97 points up at 26,713.93, while Nifty settled 19.85 points up at 8,179.95.
Below are 13 stocks which are in trending in Wednesday’s trade:
Aviation stocks: Stocks of the aviation companies like Jet Airways, SpiceJet and Indigo remained in limelight after government increased jet fuel price by 9.2 per cent. Jet Airways ended down 2.04 per cen while InterGlobe Aviation closed 3.78 per cent down and SpiceJet ended 0.15 per cent up.
Steel Strips Wheels: Stocks of the company ended 1.91 per cent up at Rs 392 after it reported 13 per cent growth in its total wheel rim sales to 11.52 lakh in May 2016 as compared to 10.20 lakh in May 2015. In terms of value, the company has achieved gross turnover of Rs 125.47 crore in May 2016 as compared to Rs 108.18 crore in May 2015, recording a growth of 16 per cent and achieved a net turnover of Rs 112.61 crore in May 2016 as against Rs 97.19 crore in May 2015, recorded a growth of 16 per cent.
SML Isuzu: Stocks of the company ended 6.38 per cent at Rs 1049.95 after it reported 37.3 per cent rise in May sales. The company has sold 1,929 vehicles during May, 2016 against 1,405 vehicles sold in May, 2015. The company had sold 1,404 vehicles during April, 2016 as against 876 vehicles sold in April, 2015.
Jindal Saw: Stocks of the company ended 13.72 per cent at Rs 46 after it reported a 10 per cent growth in standalone net profit at Rs 106.17 crore for the quarter ended March 31, 2016. The firm, part of the OP Jindal Group, had clocked a net profit of Rs 96.38 crore in the year-ago period.
Reliance Communications: Stocks of the company closed 4.68 per cent up at Rs 49.25 after the foreign institutional investors (FII) bought nearly 1 per cent stake in Anil Ambani Group telecom company for about Rs 87 crore through open market. Sensex was up 92 points at 26,760.
Great Eastern Shipping: Stocks of the company closed 1.28 per cent up at Rs 312.80 after it delivered its 1999 built Aframax Crude Carrier ‘Jag Laxmi’ to the buyers. The vessel was contracted for sale in April 2016. The scrip was trading 0.37 per cent up at Rs 310.
Vakrangee Limited: Stocks of the company ended 2.43 per cent up at Rs 183.50 after it entered into partnership with Aramex India, a leading global provider of logistics and transportations solutions. With this partnership, the company has added another essential and widely used service to the basket of services that are being offered through its last-mile retail outlets known as ‘Vakrangee Kendra’.
Axis Bank: Stocks of the private lender ended 0.44 per cent down at Rs 513.35 after Reserve Bank has allowed it to raise foreign shareholding to up to 62 per cent, from the earlier limit of 49 per cent. “Foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) can now invest from the existing 49 per cent up to 62 per cent of the paid-up capital of Axis Bank under the Portfolio Investment Scheme (PIS)”, RBI said in a notification.
ITDC: Stocks of the company closed 2.48 per cent down at Rs 230 after it reported an 18 per cent decline in standalone net profit at Rs 18.07 crore for the March quarter. Its net profit stood at Rs 22.06 crore for the corresponding quarter of the preceding fiscal.
Narayana Hrudayalaya: Stocks of the company ended 1.90 per cent down at Rs 308 after the healthcare services provider on Tuesday reported a net profit of Rs 3.20 crore for the quarter ended March 31. It had reported a net profit of Rs 0.0469 crore in the corresponding period of the previous year.
Vivimed Labs: Stocks of the pharma company closed 2.12 per cent up at Rs 79.60 after it reported a 29.76 per cent dip in its consolidated net profit at Rs 12.60 crore for the quarter ended March. The company had posted a net profit of Rs 17.94 crore in the January-March period of 2014-15 fiscal.